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MONDAY
^
OCT 4
KS3I wm
'KSBSBI*
KB'"
-
r
II
Volume
New York, N. Y.,
Number 4217
158
©esteiral
RAILROAD
From
$287,339
$286,535
143.592
72,870
109,882
78,519
"Total
sales
80,783
38,337
64J0T2
45,847
Profit
before
railway—
2,942,547
2,189,496
2,049,854.
8c/l 433)
700,238
1,244,492-
1,508,923
Consolidated
Southern
Great
railway—.
railway-——.
from
Net
from
Net
ry.
157,
1940
$1,922,566
$1,855,960
1,005,143
287,783
955,668
156,778
$990,776
432,827
257,865
on
income—
11,662,493
11,100,000
5,940,000
financing.
■
__
12,214,099
6.878,935
7,548,495
5,910,147
2,543,594
1,326,665
1,501,462
1
profit-
—.
—
This
stock
—V.
7.,.,
Total
from railway—
,
Net
from
Net
ry.
—V.
railway—it-
income—
oper.
158,
.
1,819,417
.
revenue.—
Other
Stock and Bond
Co.—Earnings-
947,391
8,805,272
810,996
income
250,000
3,124,800
346,288
2,808,935
1,365,78 4
taxes...
3,324,232-
profits tax.
Fed. excess
2,954,035
2,871,947
9 877192
103,638
265,600
taxes
Federal
New York
Curb
Boston Stock
Exchange——
Exchange
—-
_
—
Chicago Stock Exchange
income
Gross
deducts.
income
Net
$3,270,636
,
158, p. 942.
183,082
189,082
2,268,986
$2,754,485
Cleveland
$977,124
Exchange-——
Stock
Exchange-—.
—
—>
Pittsburgh
Stock
Co.—Utility Sales Authorized
Montreal Stock
Exchange
granted per¬
mission to the Federal Water and Gas Corp. and its subsidiary, the
Alabama
Water
Service
Co.,
to
sell
certain
water
properties
in
Alabama and apply the proceeds to the latter company's first mort¬
Montreal Curb
/XA• 'V- r'r
to municipalities are: City of Albertville, Ala., for $170,000; Boaz, Ala., for $65,000; York, Ala., $60,000.The sales must be completed within six months and the proceeds
Over-the-Counter Markets
Securities
The
and
Exchange
Commission
28
Sept.
on
Toronto
gage 3^4%
bonds, due in 1965.
Waterworks systems to be sold
applied
the
to
commission
redemption of bonds not later
158, p. 1029. A7.V
All America
Corp. (& Subs.)-
Miscellaneous
1 rents,
239,755
operationA-:,^A~~----Ai-,---.
of
Maintenance
$4,361,364
for
439,508
419,410
500,792
476,335
446,000
Condition
399,347
Bank
taxes
482,004
.
from
Non-operating
Combined Condition Statement of Federal
Reserve Banks
250,000
329,818
Cr47,247
Stock
now
Y.
Curb Exchange
Exchange
1363
$885,246
83,043
1363
Stock and Bond Averages
operations
________
of
income
Net .income
debt
Locomotive
1942
have
been
the accounts for the six months'
to
restated
reflect
the
proportionate
period
for
amounts,
August—
Gross
period, of U. S. Federal income tax and of provision for con¬
tingencies based on the adjusted amounts finally provided therefor
Net
ry.
for the entire year
Gross
such
1942.
,
J_
'
Note—Corporation and
its subsidiaries
U. S. Federal income and
Federal
certain
with
1943
income
tax
affiliated
intend
in
the above
to
The
of
statement
join
in filing
tax returns
profits
excess
companies.
railwayrailway
accounts
the stock
(& Subs.)—-Earnings—-
Quarterly Earnings
7
Statcment^JuIy 31, 1943
1943—3 Mos.—1942.
1943—6 Mos.—1942
Total net sales
$43,834,737 $34,756,872 $88,760,903 $71,544,041
♦Total net sales———
43,394,851
34,457,109
87,852,745
71,244,278
—
on
Prov.
-
before
Income
1943
1941
1942
$3,291,750
1,488,462
265,172
626,307
income
profits
from
Net
on
ry.
railway——
1,322,228
24,944,076
railway—.
8,66.2,961
2,910,171
Court
An
Earnings per share—
5r/c
pfd.
stoc——
Common
stock
♦Excluding
Classifies
1,000,000
5,600,000
3,000,000
$1,427,905
.
—
$879,147
$3,062,961
$1,867,003
'
6,711,836
3,567,004
1,796,573
2,774,483
1,275,295
*276,315
Creditors—
the sales of
$0.35
$3.76
0.63
0.32
stores
not
-
Note—Provision for
of
amounts
Federal taxes
at
owned
on
_
all
$7.98
1.38
the
of
obligation
times
1126.
1942
1940
1941
$4,859,629
$924,306
/ ] 59,290
$1,648,539
93,355
115,757
122,159
$4,975,386
$1,770,698
Other
.
2,074,393
*291,004
-733,761
458,000
700,000
198,365
t2,592,000
327,008
1,600,000
172,339
488,000
500,000
$555,310
885,656
$543,912
725,250
$598,075
256,592
$226,185
222,956
$1,440,966
taxes,
deductions
$1,269,1(>1
$854,667
$449,141
post-war adj.
contingen.
income
37,046
*'**!'
_1
;
I.
—
16,395
53,270
-v":
other
Net
187,227
etc,
profits
excess
and
time
537,130
166,840
1,256,274.
"202,861
tax___„
(estimated)--—
for
Prov.
$983,596
expenses
(estimated)
'
:
etc.,
ordinary
■Federal
Previous
for
year_
surplus———
Total
,,
Co.—To
Arch
Nov.
directors
25
were
V.
stock,
19.
This
cents
Oct.
p.
15,
declared
Common
on
March
March
75
with
cents;
3
dividend
a
$1
per
share
the
on
3
ana
16,
50
1,
25" cents
cents;
each;
and Dec.
Sept.
24,
75
1,
686,
2.373
2,373
127,044
190,176
f
on
$1,057,461'
surplus——
outst. (no par)
com.
per
127,044
$4.35
sh._
amortization,
tAfter
Note—The
actions
have
,
company
subject to
on
Sept.
the
on
the
holders Of record Oct.
the
last,
outstanding
and
on
Jan.
24 declared a
common
23,
1.
A
stock,
no
Pay 25-Cent Dividend—
dividend of 25 cents per
par
value/ payable
similar .distribution
1941.—V.
158,
p.
735.
was
made
Oct.
on
can
be made
of
the
Assets—Cash
(less
sidiaries
4
18,
$256,592
127,044
$1.76
for
debt
retire¬
those
from
trans¬
$288,000
profits
include
renegotiation
proceedings
not progressed to a point where
to the effect, if any, upon the financial
company.
share
Dec.
of
$725,250
12-7,044,
$4.69
they; have
determination
14
to
that
states
as
Balance
directors
credit
renegotiation, and while
commenced
been
statements
American Box Board Co.—To
$885,656
127,044
$4.26
ment.
50
cents.—•
2,373
381,132
"Includes
Dec. 1 to holders of record
paid on Sept. 1, this year,
June 1, 1943.
Payments in 1942
and«June
Nov.
of
com.
Earnings
cents
50
2,373
Earned
Dividend—
payable
value,
par
each
follows:
as
157,
have
110
compares
$1
Pay
dividends-:
dividends—381,132
Preferred
Sh&
during both
determining
p.
by Federal Judge John P. Barnes.
American
The
of
158,
$6,785,715
—
0.70
income has been made
applying "last-in, first-out" principle
of certain merchandise inventories.
$13.61
,
1943
$6,692,360
expenses—
income
Fed.
Chicago & Alton RR., dated Oct. 1, 1899, due, Oct, 1, 1949, may
be filed by the trustee on behalf of bondholders, and claims evidenced
by certificates of capital stock of the Joliet & Chicago RR., Louisiana
&. Missouri River RR. and the Kansas City, St. Louis & Chicago RR.,
may be filed by each company for the holders of stock.—V. 158, p. 855.
cents;
1
,
and
1030.
p.
Building Co.—Annual Report-
Depreciation
10,578,003'
classifying creditors and stockholders .of the company, and
and manner in which claims may be filed, has been
Judge Barnes ordered that
all claims be filed by Feb. 1, 1944. with H, L. Stuntz, Comptroller.
v
Claims evidenced by bonds issued under the refunding mortgage of I
the
entered
common
1
periods.
basis
General,
order
fixing
4,867,003-
2,300,000
profit—
Ship
income
taxes
and
net
Consol.
13,034,359
19,352,672
10,482,578
income—
oper.
The
.
income——
stock,
.common
Steel Corp. below.—V.
income
Total
♦Deficit.-
taxes,
normal taxes and surtaxes
1,879,147
of
$1,812,528
and
Federal
est.
for
excess
3,727,905.
—
shares
inc., after manu-
Other
1940
$1,414,067
.548,254
196,806
256,404 ~
♦94,933
$2,928,105
taxes
Fed.
1%
and
stock
corporation to pay $7 in cash.—V. 158,
the
Period End, July 31—
Profit
listed:
the conversion of each of the 351,961 shares of preferred stock
outstanding and not ..held in the treasury into one share of pre«<
facturing
sents
Allied Stores Corp.
.
the listing on offocial
cumulative preferred stock
1,383,832
See United States
January 1—
from
Net
repre-'
principally tlf«. estimated portion of the consolidated provision
applicable to the corporation and its subsidiaries based on existing
tax
regulations.
It Misestimated that no provision is required for.
excess profits tax onhsuch a consolidated basis.—V. 158, p. 155;
-
oper.
From
provision for U. S.
income
\
from
from
consolidated
Co.—Listing of Stocks—.
additional
of
Year Ended June 30—
Net
for
$3,697,453
v;
of<r351,961 shares Of 7%
issuance,
and
Gross
$802,203
$622,882
•
comparative purposes,
"For
of
* H-' v:,
:
American Republics Corp.—Sale of Subsidiary—
1363
Alton RR.—Earnings
;■
'v
$1,554,702
$1,560,481
York Stock Exchange has authorized
American
i
income
Net
Interest on long-term
1943—6 Mos.—1942
1943—3 Mos.—1942
$778,196
615,932
upon
the
Y.
tax
New
ferred
1388
—
'
''
,
Inc.—-Earnings—
35,751
79,643
1388
Reserve
$849,497
$702,525
-
System
Federal
Transactions N.
Crl3,520
$693,-770
-
,
J
,
Statement of
Transactions N.
366,075
8,755
exchange
foreign
on
1,390,173
542,281
$624,127
$407,303
shares of common stock, making tne ta^al
351,961 shares of 7# cumulative preferred
shares of common stock.
The stockholders on Sept. 2 approved the merger of two subsidiaries:
American
Locomotive Sales Corp. ;(N. Y.f and Transamer can Con¬
struction Co.' (Del.) into the parent company. : Under the terms of the
merger the above shares are to be issued as "o'^'vs:
The 351,961 shares of
preferred stock and the 615,932 shares of
common stock are issuable upon the «onsummat on ot
tne merger and
and
stock,
1380
1389
—
Foreign Exchange Rates—
1,464.993
_
contingencies—■
income
Net
The Course of Bank Clearings
:
$862,507
155.
p.
158, p. 251,
amount
Redemption Calls & Sinking Fund Notices 1388
-
I
Provision for depreciation and amortization
Profit
$4,627,872
————————..I—w
taxes'
Provision
39,988
1389
1386
Dividends Declared and Payable
227,983
181,533.
Fed.
before
income
notice
1341
,
repairs
miscellaneous expenses
for U. S. Federal income
and
Provision
Other
and
223,130
49,262
—
Net
American
State and City Bond Offerings and Sales—
*1942
$4,364,754
A
etc.)--
_
General
1943
158,
Period End. June 30—
1379
The
$4,072,347
■A'\ :
.
for 1943 U.
American Export Lines,
Section— 1379
General Corporation and Investment News
■
corporation
1942.—V.
year
Miscellaneous Features
.7.
1
1
168,761
and its subsidiaries intend to join in filing con¬
for 1943,
S. Federal income tax is based on existing
tax regulations
under which it* is estimated jthat no provision.-is
required for excess profits tax on such a consolidated basis.
For
comparative purposes, the accounts for the 6 ,months' period of 1942
have been
restated to reflect the proportionate amounts,
for
period, of U. S. Federal income tax and of provision for contingencies
based on the adjusted amounts finally provided therefor for the entire
—v.
the
1944,
1,
$852,110
sub-
of
solidated U. S. Federal income and excess profits tax returns
1377
Exchange—Curb
$588,836
on
$1,031,268
debt
I—.
The provision
1377
—
Exchange
Stock
♦The
$787,615
64,495
778,147
5,114
—
income
income
-Earnings-
6 Months Ended June 30—
Operating revenues—Cable
Radiotelegraph
Expenses
July
than
said.—V.
Market-—^-
Toronto Stock
Net
12,302
$529,820
59,016
,
sidiary companies
1376
—1376
1376
1377
Exchange-.:
debt
long-term
on
26,165
$1,026,154
753,853
...
interest
before
income-
382,316
—:—.
802,639
' 81,503
-
from
long-term
—
St. Louis Stock Exchange.Alabama Water Service
Net
368,850
.
250,000
....
—
,1376
Los Angeles Stock Exchange.----.--
Philadelphia Stock Exchange..—
'
-
—-
Detroit Stock Exchange—
2,293,512
' $32,113
;
Balance
—V.
4,899,353
$5,023,471
$184,152
stock
Dividends on: pfd.
•
729,380
$221,196
Stock
Cincinnati
7,384,437
297,335
$373,234
other
and
Int.
-$9,922,823 $10,655,073
$950,576
$670,569
—
income
Interest
519,129
contingencies
operations.,—
Non-operating irtcome
1369
1374
1374
1374
1375
1375
1375
Exchange—.——
Stock
Baltimore
446,000
-
deprec. and amort...
foreign exchange (€?•)__
on
854,071
excess
for
Net
1353
—
for
1941
$6,698,710
2,881,884
750,675
'•> 806,234
3,202,938
802,173
703,620
and
taxes
Profit
Page
.
New York Stock Exchange
10,386,173
743,841 ',
General
7.
$2,357,860 $29,351,847 $27,958,058
$2,627,400
•
—
Quotations
'
1943—12 Mos,—1942
1943—Month—1942
31—
944,030
expenses..
taxes
profits
*1942
$7,369,976
817,517
—_
Income
Fed.
Provision
expenses..-.
for deprec.—
Provision
Issue
(& Subs.)—Earnings-—
1943
$8,089,948
3,111,867
repairs..
misccll.
&
for
Provision
Alabama Power
Operating
Prov.
This
coast..
to
..."
*759,072
and
Maintenance
1029.
p.
period Ended Aug.
Gross
.
operation.
Expenses of
In
coast
from
-.
,
operating revenues.
General
.
DavF-on, who
George V/.
service
I'; ;:'.-:;,
■
Month's Ended June 30-r
6
From January 1—
.
Gross
1237.
p.
of
company's
the
American Cable & Radio Corp.
2.50
3.17
:.V-' 7 "
,
5,239,417
1,644,826
1,047.649
.
158,
the direction
under
of experience In the financing field in tho Pacific
extends
$24.46
$30.56-
—
'
2442.
and
c,
'-
stock
p.
will be
office
had many years
has
5,722,493
6,877,386
—
Corp.—Opens New Unit—
corporation last week announced the opening of an office, con¬
stituting
a
complete operating unit,
in the Pacific Building, 520
S. W. Yamhill Street, Portland, Oregon, to specialize in the purchase
of accounts receivable, industrial lien instalment notes and inventory
$785,175
312,435
223,040
15,369,449
.
income..:
oper.
—V.
1941-
1942
net
preferred
Common
RR.—Earnings—*
1943
August-
17,977,386
profits taxes, nor-
excess
surtaxes
—
share—
Earnings per
5%
Gross
Federal
and
taxes
taxes.—
Copy
a
The
§
188,045,026 159,599,062
186,070,041 158,901,031
—
—'
income
I
MISCELLANEOUS
-
i
270,110
158, p. 941.
Alabama
est.
for
mal
—-
—
—
Federal
'
'
X
American Business Credit
1942
483,680
^i9'i,034
382,371
685,434
income—
oper.
ry.
—V.
sales
Total
Prov.
railway......
from
.
INSURANCE
-
§
$370,996
from
60 Cents
Price
Monday, October 4, 1943
Earnings for 12 Months Ended July 31
A.
1943
'
railway—
ry.
Net
$211,159
/
/
'
Office
Tat.
INDUSTRIAL
-
)
1940
1941
railway———
from
Net
Net
1942
oper. income...
Jan. 1—
Net
Gross
PUBLIC UTILITY
-
1943
from
Gross
S.
'Corporation;-;, and Investment
& Youngstown Ry.—Earnings-
Akron Canton
August—
r.
'
In
I
Reg.
«
other
reserves
not
assets,
reserves
for
on
of
hand
and
$14,457),
Sheet, June 30, 1943
demand deposits, $1,560,209; receivables
$3,591,081; inventories, $4,748,487; sub¬
,
consolidated
net.
(1001?
owned), $760,459; investments and
$127,994;
Fnd,
hufdings, equipment, etc.
(less
depreciation ,of $5,779,863 V $3,547,775;
A
emergency
facili-
wMafwraft
THE COMMERCIAL & FINANCIAL CHRONICLE
1342
ties
(less
pleted
construction
$70,566;
in
of
amortization
for
reserves
8199,881"),
$78,093;
process,
$G49,690;
insurance,
prepaid
uncom¬
taxes,
A. P. W.
years Ended June 30—
Rental
Liabilities—Notes
sundry
than
payable, banks, 8800,000; accounts payable and
81,363,499; pay roll, $501,370; accrued- taxes
income
taxes),
partially
estimated,
8149,124:
taxes, estimated, $3,050,000; reserve for post-war ad-,
Federal
insurance
ferred
and public liability insurance,
floating equipment, 836,550;
on
Profit
(par $100), 8125,600;
$1,022,323;
non-cumulative
7%
Co., —c.—
from
sale
/Notes— (1) Depreciation and amortization of fixed assets
lMe months, ended Aug. 31 Was. provided in the amount of
-
$49,749
$44,389
8,269
of
pre¬
1941
1940
in
8,464
$35,350
'.
(2)
The
$58,613
$52,852
1,220
$35,857
1,160
8,268
stock,
were
as
Dec.
of
holders
31,
$12.—V.
156.
158, p.
Class
14,012
10,883
—
$25,055
ican
1,595
$24,452
1,089
6,722
fe
,
8,925
inc. tax..
—
30,
B
— 6,667
8,139
3,120
Sept. 30 made
Vl
!
special offering
a
$l2i960
Stock Exchange
$171/2
per
of 11,365 shares of capital (no par) at
share. Special commission was 45 cents a share.
issue
The
allotments
and
purchases
the
oversubscribed.
was
by
smallest
made
were
firms;
16
largest
158,
bids, for
were
of
basis
a
on
the
shares.—V.
15
There
86.1%,
allotment
736. ; •
:
p.
American Water Works & Electric Co.,
fe
13,193
There
3,280
*.
was
-
of
week,
1942.
\
■
table
follows;
Comparative
years
Week End.—
Sept.
weekly
of
class
.
Inc.—Output—
electric
for
energy
-..fe %. y.:
1943
" 1942
'
81,556,000
C
1941
72,542,000
63,756,000
the
1940
70,564,000
67,605,000
54,817,000
54,110,000
82,022,000
73,332,000
67,968,000
53,076,000
52,787,000
'
August Power Production Increased 14.42%—
compared with 313.272,613 kwh. for
of 1942, an increase of 14.42%.
' ; :
period last
year,
.The
the
Co.—Subsidiary
were
of
$1,641,927,
$1,913,414
on
Mills property to. Mills of Lawrence, Inc.
corporation, for approximately $150,000. The mills ..as
facturing unit had been inactive for some time.
Co.
American' Woolen
with
prising
about
will
exception
the
750.000
the
for
V.
Nos.
of
storage
have
declared
a
quarter ended June 30, 1943, on
Nov. 1 to holders of record Oct.
March
on
1940,
May
5,
and
1
incl.
and
to
p.
Nov.
of
Gross
$1.25
Similar
distributions
Aug. 2, last, and each quarter
2, 19.42.—V- 158, p. 943.
units
above
were
from
Feb.
Gross
.
157, p. 2443.
—..." fe fefe.fe
.
—
— ,y
$0.33
r
RR.—Earnings-
Gross
from
from
Net
ry.
Gross
$540,101
railway—
from
ry.
—V.
1943
$450,520
$430,912
128,031
126,555
68,155
167,948.
■
income
52,815
1941
54,379
1940
158,
$370,770
158,
3,108,424
West
841,760
569,659
319,356
475,230
Operating
Operating
194,522
:
The
in
directors have
addition
the
to
declared
usual
stock,
common
extra
an
dividend
of
25
(
cents
of 25 cents
quarterly dividend
25
follows;
as
cents.—V.
per
.25'cents,V
Feb.
16,
p.
30,
50
cents,
Net
Net
*
profit
1942
$5,514,739
$3,953,810
$3,547,557
3,987,398
3,164,571
2,573,019
'1941
'
1940
$1,527,341
$789,239
106,162
74,667
Gen.
earnings—
for
admin,
Interest
Int.
expenses..
159.697
611,896
598,562
debt
182,961
192,554
2,127
l',715
L
charges
Approp. to reserve
23,611
—
contingencies
for
1691101
5,594
55.C00
100.000
50,000
200,000
Net
1
—
•
$23,736
per
com.
$1.29
".Loss.
in
bank
on^ hand,
and
accounts
and
$330,419;
'
..
Liabilities—Acceptances payable,
expenses,
provision
for
for
reserve
$105,000;
earned
$55,581;
$381,249>dnterest
S.
Federal
accounts
$87,479;
inconVtaxes, $200,817;
compensation insurance, $28,407;
common
and
on
accrued
stock
$5),
(par
$801,25.0;
payable
funded debt,
funded
reserve
capital
surplus, $245,464; total, $5,459,285.—V. 158,
ac¬
Aug.
31,
documents
Hereafter,
&
CO.
of
was
with
Secretaries
The
two
of
State
of
will
companies had
Illinois
be
and
conducted
always been
so
Delaware-
34,253
11,306
2,418,492
1,563,138
1,607,180
949,236
421,940
335,719
366,374
126,240
1943—8 Mos.—1942,
,
8,336,664
72,835,015
285, 478
249,975
2,122,347
1,794,123
652, 499
684,030
5,370,306
4,745,211
11,504,385
%4,228.273
10,144,410
81.917,412
62,519,090
3,715,679
29,391,991
,21,022,180
764,953
570,622
3,415.966
146,066
4,448,601
1,208,263
5,712,043
46,868,557
37,005,679
,
63,286,155
.
182,495
(net).
-
6,328,664
1,075,265
588,201
542,786
4,962,913
4,636,803
6,916,865
6,254,829
51,831,470
41,642,482
151,453
3,078
1,106,762
1,245,534
6,765,412
6,251,751
50,724,708
40,396,948
2,532,868
2,594,457
20,357,756
20,848,805
4,432,544
avail,
from
3,657,294
30,366,952
19,548,143
inc.
fixed
for
income
100.057 and accrued
dividends from May I, 1943, in connection
the procurement of equipment.—V.
158, p.
944.:yV% '
S. A.)—To Redeem $200,000 of Debentures—
gua,
Trust Co.
167.074
of
New
p.' 215,
"21,767
t
York,'trustee, 46 Wall St., New York, N, Y.—V. 157,
%'./ v
■;
;' '
'./VyV ■, y -v' "
"■%.y
Beaumont Sour Lake &
August—
Gross
1943—Month—1942
•
12,224,200
1943—8 Mos.—1942
9.493,852 105,090,526
Western
Ry. —Earnings—
from
ry.
15,912,799
1942
1941
$822,932
$719,963
$306,833
339,319
railway.—
439,944
railway..
income—
oper.
67,263
From January 1—
.
Gross
'
1943
from
Net
70.335,196
16,122,047
fe?
have been called for redemption as of Nov.
1, 1943, a total
$200,000 of 15-year participating income debentures at par and
interest,
Payment will be made at the Commercial National Bank <$c
There
of
1,231,016
...
for
f,yyV"
from
railway.*—
railway—
from
148,332
89,318
r
317,877
■ Vy
:;'/:;':y<%
■
■;
1940
$205,783
y
74.323
25.513
1,875,378
'
6,564,420
4,651,915
2,205,344
3,132,475
,
2,494,954
1,723,766
954,862
792,889
486,827
361,430
Net ry. oper. income...
—V. 158, p. 945.
.
rent
Babcock
y.
A
joint
and
269,672
165,696
3,824,939
796,841
835,417
1,168,481
12,297,108
dividend
ry.
income.
oper.
1238.
p.
the
cents
in
13.788,571
1942
cents
\y
Atchison,
Fe
Topeka
Ry.,
& Santa Fe Ryi; Gulf,
Panhandle & Santa Fe Ry.).
1943—Month—1942
Colorado
oper.
tax
39,678,597
revenues
21,077,489
expenses——
credits,
or
Dr341,167
each
closely in¬
cents
were
Co.—50-Cent Distribution—
per
share has been
holders
of record
declared
Oct.
15.
each;
as
made
follows;
the
on
•
common
Distributions
on April
30 and July 31,
April, 30.", 50 cents; July 31
and Dec. 21, 50 cents.—V. 158, p. 944.
were
Richard
&
Henry
'!
of
T.
Nalle,
Vice-President
Disston & Sons,
the
33,197,990 304,121,546 220,410,892
17,140,044 137,952,348 126,604,221
*8,093,732(101,697,565 (48,0"40,588
Dr375,540 Dr3,087,282 Drl,704,lll
accruals_^____ *12,707,584
debits
50
last.
of
Payments
Oct.
and
25
31,
.V
.
'
Baldwin Locomotive Works—New Director—
.
1943—8 Mos.—1942
Wilcox
&
of
stock/ payable Oct. 30 to
2,124,228
y
executive'
last.—V.
2
Inc.,
has
committ"
158,
Barker Bros.
1238.
p.
and
been
Plant
Production
elected
to -succeed
a
Conrad
director
N.
Manager of
and
Lauer,
member,
who
died
v"-,..,;"';,c
•
Corp.—Earnings—
^
,
'
y
(And controlled company, Sunland Investment Co.)
1943—3 Mos.—1942
Net
income
income
and
tax
5,552,3.57
7,588,674
profits
excess
in
sales
41,384,352
44,061,972
1943—6 Mos,—1942
taxes
1942.
compared
with
,.;y
profits'taxes
$3,189,292
$6,976,649
$6,544,469
2,152,106
1,859,210
1,190,173
1,181,278
4,050,829
2,334,756
2,416,143
$389vl84
$148,804
$591,063
$300,652
Dr9,168
18,364
Dr9,190
41(086
$380,017
$167,168
$581,873
$341,738
Prov. for Fed. inc. taxes
201,000
82,500
307,000
163,500
$'274,873
$178,238
$1.16
$0.51
Cost
of
sales
Operating
$6,479,000
.'
$3,731,463
profit before income taxes—_____
inc.—
oper.
ry.
costs
—
3,827,673
;
1943, include
compared
profit
Operating
Other
income
_____
with
•
Net
$1.50 Dividend—
directors
stock,
amount
was
the
June 1,
have
declared
payable
paid
March
on
company
a
1
Dec.
2,
dividend
to
June
1
and
$1.50
of
per
record
Sept.
share
Oct.
29.
on
the
A
like
this year. During
distributions: March 2 and
1,
the following
1, $1,50; and Dec. 1, $2.50.—V. 158, p, 944.
made
$1 each; Sept,
of
holders
Net
profit
come
after
taxes
in—
Earnings per com. share
Aviation Corp.
(Del.)—Earnings—
August 31—
sales
Cos%,of
—___
sales—
1943
'
-1942
1941
$57,234,555 $29,635,211 $11,727,779
45,303,135
21,849,829)
9,859,420
Expenses—;
2,188,329
Operating profit
Other
1,637,214)"
$9,743,091
1,254,570
$6,148,168
$10,997,661
$7,422,060
income—
income
of goodwill
paid; cash discts. on sales, ,etc.
profit on sale of secur.__
Extraord.
Federal normal income tax & surtax
Federal
excess
Provision
for
profits. tax_
post-war adjustment-
230,757)
194,417
•
$1,868,359
297,168
$2,165,527"
'
137,895}
127,598
—01,318,308
876,000
1,500,000
*6,041,000
855,000
Consolidated
Earnings
"After
per
net
income—
common
578,278
—200,000
,
'
tizations),
$1,718,232;
charges to operations,
$0.23
Sheet,
June
30,
1943'
miscellaneous
$143,529;
$1,459,649
$0.49
$0.64
$0.25
investments,
goodwill,
$1;
total,
$44,861;
deferred,
$9,742,134.
accounts payable, $1,114,534;
reserve
for Federal income
taxes
(less U. S. Treasury tax notes of
$250,000), $504,796; current installment .(long term loan), $25,000;
long term bank loan (unsecured) payable by Barker Bros. Corp. (less
intallment due within current, year, $25,000), $375,000;
minority in¬
terest in capital stock of controlled company, $1,000; 5J/2% cumulative
preferred stock ($50 par), $2,495,965; common stock (178,200 no par
shares),
$3,295,088;
surplus,
$1,630,751;
total,
$9,742,134.—V.
158,
p. 1127.
•
,
Period End. Aug.
$3,671,716
post-war tax refund of $735,000.
$84,668
$0.81
payable,
$300,000;
Beatrice Creamery Co.
_
$2,810,486
share—
.
$1,398,386; U. S. %%. certificates of indebtedness,
$750,000; notes and accounts receivable, $2,454,302; merchandise in¬
ventory,
$2,506,651;
land,
$376,925; buildings and equipment
(less
reserve for depreciation of $1,959,022), $349,246; leaseholds
(less amor¬
Liabilities—Notes
1,273,892
220,758
•
■
$179,017
Balance
Assets—Cash,
-
(Including consolidated subsidiary)
9 Months'Ended
Net
<
■
Consolidated
by Armour
tegrated that the transition did not affect
operations, George A, East¬
wood, President, said.—V. 158, pp. 943, 1030.
$164,911
71,960
29,360
1,334,177
Ry,
Int.
principal ^subsidiary, Armour &
by the stockholders at a special meeting
on
Sept. 24 with the filing of necessary
the entire Armour enterprises
Illinois.
3,513,263
Amortization
(III.)—Merger Effected-*
effectuated
the
$218,973
$348,659/
156,602;
67,954
220,183
1940
856.
The merger of this company with its
Co. of Delaware as authorized
on
:
V.'" V
Baragua Sugar Estates (Ingenios Azucareros de Bara-
1941
1,105,089
Total
Armour & Co.
-1049
,
debt,
$2,869,625;
for contingencies,.
surplus, $684,412;
p.
•' 481, 160
9,490, 723
v.;
income
acceptances
plant and equipment (net), $2,183,474; expenditures in connection with
plant consolidation, $57,928; total, $5,459,285.
crued
';
y
income—.
paid
oper.
1942,
U.
'
RR.—Earnings-
13,555,000
common
Treasury notes,
receivable, less reserve,
$447,063; accrued interest and other accounts receivable,
$3,884; ma-,
terlals, products and supplies (less reserve of
$50,000), $1,090,715"; pre¬
paid. expenses, $45,837; investments and advance's, $1,250,013;
property,
customers'
March
The
ICC
has authorized
the
company
to
assume
obligation and
liability in respect of not exceeding'$4,000,000 equipment trust certif¬
icates, series M, to be issued by the Girard Trust Co., as trustee, and
"186,159
:
36,250,000
The
Nil
Balance Sheet, June 30, 1943
,
Assets—Cash
$49,953;
Dec.
Equipment Trusts Authorized—
194,516
158,037
$35,400,000 Federal income and excess
$35,017,330 Federal income tax in 1942.-
$1,192
Nil
•"%
;
643,129
236,931
(Railway tax accruals for eight months ended Aug.,31,
______
"$56,921
,
and
27,859,819 237,029,148 194,831,683
2,704,137
27,032,413
17,151,050
5,289,092
44,072,501
41,674,519
451,511
3,679,154
3,661,535
5,785, 321
inc.;_-^v
oper.
deducts,
Net
2,299.855
4,500,000
Federal
——1
$206,974
$0.15
shr.
similar
April 17. 10
26, 14 cents.—
-Earnings—
-3,858, 942
;v
income
Total
' "28,672
,
"Railway tax accruals for month of August,-1943, include $10,736,000
,
profit
common
A
follows:
as
each;
27.
cents on
""yVv
32,058, 508
Fixed charges
29,467,799
158,
Net
______
150,000
Earnings
cents
were
14
•
23,075
profits
taxes
..
632,152
24,418
27.
12,087
52,372,047
Federal
_______
excess
13
RR.-
Period Ended June 30—
for
Prov. for Fed. inc. taxes
138,392
4,334,177
3,000,000
equip,
Other
154,993
4,844
24,000
the
the
on
Sept.
against
1943— Month—1942
'
%■: /.charges
: '*
1940
,/V $272,447
1941
: $447,817
.
5,605,089
Ry.
"
-
144,861
r
ry.
inc.
revenues.—
amt.
Rv.
$986,107
590,077
:
,
,
on,
Sept.
record
ago,—
Aug.
"
Misc.
Prov,
$863,907
156,627
$1,633,503,
156,910
indebted..
funded
on
other
on
$1,106,240
3,
record
as
.•
(net)
facilyrents
Other
year
,40,867,397
Santa
11,569
depreciation., y
a
y-y—y——A
tV
919,867 >
44,447
Period End. Aug. 31—
"
...■•s
Total
Prov.
units,,
52,718,479
(Includes
$974,538
38,922
...
rents
Net
1
$473,011
expenses.
declared
of
made
.was
of
1942
■
from ry. oper,
rev.
Joint
Atchison, Topeka & Santa Fe Ry.—Earnings of System
$1,067,318
Other income
y
5,159,675
Net
$4,522,146
sales..
Gross
Net
25
Oct. -16,
and
1943
-
of
holders
during
and'Oct.
expenses——.,
sold at
facilities, Dr
3,454,828
sales
share
per
to
Qperations„______
Equip,
required for taxes
of
Inc.—Earnings—
Years Ended June 30—
holders
to
June, 30, last,
Disbursements
Ry. tax accruals—
Net
—V.
A. P. W. Paper Co.,
Cost
Misc.
General
.
Operating
on
1238.
June
1
■,
Electric
3,032,172
944,.;.
158, p.
cents
on
Maint. of way and struct,
Maint. of equipment..-;
•
10,603,785
increase,of
3,696,687
,
recently
was
,,
1
against
Gas~&
70,364
•
revenues.
oper.
also
year;
share
share
per
both
158,
the-* Associated
an
Oct.
%
of
6,619,111
Net
Amt.
payable Oct. 20 to holders of record Oct 9.
In each of the three preceding quarters of this year, the company
made regular distributions of 25 cents each.
Payments during 1942
were
last
report for the week
41,663
oper.
15
Oct.
made
was
157, p. 1143.
Net
489,024
Apponaug Co.—Extra Dividend of 25 Cents—
the
$1,241,429
1942
Point
of
$1, ;on
^ Period End. Aug. 31—
securities
currentyliabilities
Corp.
This is
share
per
payable
shares
Co.—Weekly Output—
1,672,886
545,827
Period Ended Aug. 31—
2,706,274
819,519
943.
p.
Nil
•
.
marketable
and
$579,241
201,659
y
cents
$5,
Baltimore & Ohio
Atlantic Coast Line RR.—Earnings-
54.455
3,412,464
income-,..
that source
$1,318,308 from
94,924
•
1,174,111
3,978,333*
railway.—.,
railway
oper.
cash-, and
of 124,983,694
'■*:'■
--.v;■
,
30
distribution
1943.
v.
Y
1940
944.
p.
from
"Deficit,—V.
January 1—
from
Net
"
1942
/
railway.—:—
oper.
From
Net
"
"earning in¬
investments;,
past nine
the
current
Transportation
4,928,693
from
Net-ry.
'
Net
A
distribution
Coast RR.—Earnings—.
&
% V; ;
railway.—
railway—.^. (
income—.,
From January 1—
Gross from railway.—.
Net from railway
Net ry. oper. income...
Net
$281,363
.
net
from
during
•
with
Earnings for Six Months Ended June 30, 1943
income after all charges and taxes
Earnings per common share____:
lowered
income
securities
compares
Stock,, par
•
12,517
income—
&
of
to
Traff
iQAg
Net
Ann Arbor
taxes
216,836
from
ry.
1,
to
dividend
Axe-IIoughton Fund, Inc.—15-Cent Distribution— r
amounted. to $201,109 in
y—7..Yfe— —y ——
including $3,086,287, cash and
$5,115,138 and current liabilities
(kwh.).
income—
oper.
in
sale
on
Ry. oper. revs...
1943
"Deficit—V.
contributing
$96,166
$4,065,089
337,109
$636,448
railway
from railway
made
fe
with 35 cents paid on June 30, last, and 25 cents
30, 1943.
Payments, during 1942 were as follows: April 17,
July 17, 25 cents; Oct. 3, 20 cents, and Dec. 26, 25 cents.—
157,, p. 1143.
;
"
}fefe-fefe
feVy.%
■
V.
■
$4,610,674
production
railway—~
Net
per
"
20 cents;
fe.fefe fefe.y:,<fe> y—fe—;fefe'-fefe-fe 77—-}.
Ampco Metal, Inc.—Earnings—
August—
!
electric output of
railway.—
oper.
factors
profit
par
cents; -July-17
'
-
fe $0.01
•'•
etc. fe tOn
Associated Gas & Electric
Net
share for the
the $5 prior preferred stock, payable
15.
ry.
Inc.
March
on
4,473 % —100,367
4,794
$0.01
Inventories; .'were
^004.
From January 1—
Smelting Co.—$1.25 Pfd. Div.
dividend
from
from
Field,
on
'1941
taxes,
with
of
Birmingham
Atlanta
—V.
This
of
stock,
to
1942.
August— )
Gross
Net
American Zinc, Lead &
dividend
common
.Misc.
and 7, com¬
wool.—V.
158.
Manufacturing
investments. Con¬
Inc.,- Pan Amer¬
period as a provision for post-war
$855,000, compared with $495,000 for the
year ago."—V. 158, p. 765,
fefe'fefefefe/'—fefe—-fez,. yfefefe
a
1943.
1238.
; p.
Atlanta
6
raw
of
8.5%
or
158,
Net
directors
156,
135,593,479
was
units
manu¬
1126.
The
'
income
31,
assets
31,
Sept.; 24," net
group
(Mass.),
machinery in the—exfc
Mills of Lawrence,
power' plant.
Co. buildings
Woolen
feet,
the
remove
the
of
Inc., will lease to American
p.
July
trustees
ended
a
Central
large
Axe-Houghton Fund B, Inc.—30-Cent Dividend—
A
$15,851 in 1941,;,I
July
Associated Gas & Electric
company'through its subsidiary, the Textile Realty Co., has sold
days,
of
as
current
$2,333,299.—V.
Mill
Washington
The
taxes
$4,623,059.; $4,495,204
$0.60
for. Federal
assets
of
amounting
period ended
,
1942
securities, amounted
$1,7$2,749.
This compares
The
Sells
a'new
90
1943
share.—,
per
other
readjustment
Subs.)—Earnings—
202,971
marketable
ending Aug. 31, 1943, power output totaled
against 2,472,969,892 kwh. for the corresponding
increase of 10.54% .—V. 158, p. '1238.
Wroolen
American
Roosevelt
as
compared with
deduction for the
income
as
an
American
July 31—
(&
$5,457,483
Current
months
eight
for Federal
Corp.
___—....
Note—Provision
the corresponding month
as
provision
1943, $82,991 in 1942 and
-
The power output.of the electric, subsidiaries of the American Water
Works •& Electric Co., for
the month of August totaled 358,459,986
the
$2,222;
Constable
profit
and
decrease, pf
a
months
%■;'/,;/■. Vr':;fv;■/.
'
to
depreciation", Federal income
of capital stock ($5 par-K
tLoss.
51,949,000
Sept. 25—— /
-.fefe
•
"After
48,974,000
65,337,000
For
stock,
tEarnings
74,148,000
2,734,805,863 kwh.,
B
"Net
1939
81,351,000
and
banks,
Sales
44,270,000
81,179,000
in
applicable
Arnold
;•
50,894,000
A.
provision,
30,
last
v"' %
Sept. 11____
Sept. 18
kwh.,
(less
6 Mos. Ended
of
'
;'y>,
income, $14,011;
class A 4%
cumul. pfd. stock ($5 par),
$311,577; class B stock ($10
par), $74,067; capital surplus (of which $4,815 arose from .cancellation
of stock subscriptions and
$3,933 from repurchase of class A stock),
$8,748; earned surplus, $22,938; total, $439,780.—V. 157, p. 2209.
"
:
.y
output
stock. fe fe'.
Liabilities—Accrued real estate and other taxes,. $4,285; 'due to class
stockholders—unpaid pending issuance of stock, $1,932; dividend on
A
34
and
Output of electric energy of the electric properties of this company
for the week ended Sept. 25, 1943, totaled 82,0.22,000 kwh;, an increase
of 11.85%
over
the output of 73,331,600 kwh. for the corresponding
five
A
Corp.
non-recurrence
,
shares
were
shares
Airways
cluded
11,417
11,545 —.
7,294'
4,444
4,444' '
" 4,444
P. W. Paper Co., Inc., on' its
y
f
$8,434; A. P. W. / Paper Co., Inc.,. accrued
depreciation fund, $8,268% $25,248;. accrued
interest on investments, $8,145; A. P. W.
Paper Conine. 25-year 6% ;
convertible gold notes due
July 1, 1955, $126,850; property-and plant
(less reserve for depreciation of
$42,320), $235,143; depreciation fund
(after
deduction of
$6,361 expended
on
plant' additions),"-' $35,959;
total, $439,780.
y':
fe- •% y ■
feyfefe. y
?fe'?fe/—fey'V fefe
the New York
on
Corp.
"Despite voluntary reduction in contract prices to the
Government,
earnings from manufacturing operations alone showed some improve¬
ment," President Victor Emanuel stated.
"In addition to the larger
2,022
$16,442
•
.
Balance Sheet, June 30, 1943
Assets—Cash
American Stove Co.—Special Offering—Shields & Co.
on
11,356
.'..••••
4,444
dividends waived by
of
'i i.-Y
;/
rental
$
-
dividends.;.....
'"Exclusive
and
$4;
dividends......
A
holdings of class
Payments in 1942
Sept.
Shipbuilding
Airlines*
tax
"Class
paid a dividend of $6 per share .on the
record Sept. 24.
This compares with $2
Sept. 29
on
to
June 30, last, and $1 on March 31, 1943.
follows:
April 1 and June 30, $1 each;
on
York
or of other companies in which it has
solidated Vultee Aircraft
Corp.;' American
$30,877
7,978
7,433
.
10,058
income
the
$867,240
1942.
in
The corporation's, consolidated eanings, which for 1942 and 1943
to change from contract renegotiation, do not include its
undistributed earnings, of subsidiaries not consolidated,
New
595
income:
Prov. for Fed.
Steamship Co.—Pays $6 Dividend—
company
capital
$689,982
equity-in-the
Taxes
Net
paid
and
subject
are
160
.
American
1943
$30,717
507
.
in¬
Administrative expense/
Depreciation on plant..
common
shares
for
■
1942
Corp.;
Total
stock (no par), $5,085,760;
held
in
treasury
(917
shares
preferred and 100 shares common ), Dr$95,334; earned surplus, $1,057,461; total, $15,134,353.—V. 157, p. 1937.
V. '
'
stock
capital " surplus,
1943
W.
P.
vestments
$1,338,000; reserve for workmen's
8700,000; reserve for fire
contingencies,
other
and
compensation
A.
Interest" —*< y—
Federal
income
justments
from
Paper
items,
accrued
(other
Properties, Inc.—Earnings-
etc.,
$15,134,353.
total,
Monday, October 4,
Net
"Net
sales
31—
—
profit
Earnings per com, share
(& Subs.)—Earnings—
1943—3 Mos.—1942
$31,621—1 $27,645,627
662,033
$1.40
,
539,437
»
$1,11
19.43—12 Mos.~/-1942
$94,481,673
1,923,703
1,683,91-0
$3.81
$3.21
Volume
the: Commercial & financial chronicle
Number 4217
158
;
1 Terminal'"bondholders "for permission to introduce evidence and also
denied a motion made by the Old Colony bondholders' committee to
introduce /■ evidence .as; to. current earnings of the Old' Colony and
"other matters. Counsel for the two groups will appeal" the action of
the court.
' .:M'MM
y•
'
M M-"--''
-It is understood'thre evidence was offered to establish that a proper
.r'* After
interest, depletion and: provision > for Federal incomeA and
excess-profits taxes.,
.V.
quarter ended Aug. 31 provision for Federal income and
excess profits taxes totaled $1,536,700 In 1943 "and $1,380,000 in *1942.
'fc-V. 158, p.' '1030;
":Ay":- "
'My"
;
y.. ;
m -y
"M-'-.y
;' For the
-
,
,
Aviation
j
Corp.—Raises
.
'
;
JrFOuUCiS
,;My
;;yy;y-y
that
revealed
of
in
a
the
letter
Aviation ^ anpcation,, of revenues .apd/expenses shows the Boston Terminal
•
at
Breech stated: "The corporation's 'increase in aviation business
has been extraordinary.
Aviation sales during the first nine months
of the current fiscal year were' at an annual rate which was 49.75
times the aviation sales for the calendar year
1938."
\
-Total net sales of the corporation in the first nine months of this
rate 28,4 times as great as 1938 net sales,
it" was stated.
>'• i'^M--';Y"ln 1938", : only * five of our- divisions and
subsidiaries {including
export) were making aviation products,", Mr. Breech -said.
'Tn the
1942 fiscal year there - were nine
divisions listed in this category,
and now there are twelve.
Five of these—the Illinois, Owosso," Wayne,
year
at
were.
a
"
—
Net
ry.
;:
1,018,649
Net
income—
oper.
ry.
-Period End. Aug. 31—
Operating
Operating
Net
Other
taxes, .v-————:
taxes
—.
retire,
appropriation
Property
Net
income
Net
'
309
3,707
$177,24i
$149,602
$2,088,621
1,528
763
13,609
$1,248,626
1,979,215
185.576
Interest
on
Other int.
Net
Dividends
■
to
522,750
4,598
65,524
■
5,362
$131)407
$13lV07
——
applicable
45,750
42,000
mtge. bonds
and deducts.
income
Pa
income
99,826
111,294
$1,556,046
426,199
preferred stocks;
r
847,166
.
913,925
$9,542,459
$9,878,649
and
at
'
Institute,
W.
on
f
turned it over to the United States Rubber
and
Va.,
418,171
-
2,933,750
$6,608,709
to
an
from
$6,631,994
P.
has'been
of
the
Booth
on
;
Fisheries" Corp.
and
its
on
.
157,' p. 2344.:
:
'
owned
Wholly
—V.
mination
sheet to
in
circular
a
letter to
stockholders
the
-
-
of
,
Federal
Other
158,
San Francisco.
v.'-'
,'
-v
1943
■■■■'■
•
inJ
its
share
Total
receipts
—■
—
Total
operating expenses..-....—;-.;^
;;
Federal, State and municipal- tax accruals....
Rent
for
leased
on
3,761
roads.....—
40
bonds..—
profits
share.
the
tax,
to
will 'be
'
Miscellaneous
items
—
,
p.'
30.
April
per
15
stockholders,
states
235,862*
Dec.
annual
report
declared
for
that
*Loss.—V.
r
receipts
158,
p.
over
885.
cost
of service—
*$78,615
$63,492
-
Boston Terminal Cu.—Evidence Barred—
Judge Carroll C. Hincks of the Federal District Court at New Haven
Sept.
23 denied
a
motion
by
the
committees
representing the Boston
This
and
quarterly
a
compares
Jiily
with
15? last,
$^'o^pw°^l^°INOTE-alOnaaccouE^
28,436,564
1942'
•
.
$5,269,009
$6,011,000
Co.—Earnings-
1943—Mohth—1942
$1,496,858
SS
—
1943—12 Mos.—1942
$1,366,669 $16,997,230 $16,158,138
?S'^1
176,927
112
5,921,237
6,656,714
1,868,695
1,731,221
268,617
3,554,705
125,000
110,000
1,485,000
1,300,000
$359,097
$290,418
315
$4,167,593
$4,080,861
:
160,431
2,389,343
reserve
revenues-._
net.^—
467
26,534
,
income
!
...
income"
I
I
"I,,-,,'
$359,564
138,616
to
$290,733
133,733
$4,194,127
1,618,542
$4,104,803
1,597,270
$220,948 '
'
....
applicable
'
23,941
$157,000
$2,575,585
1,253,241
$2,507,532
1,255,237
$1,252,295
preferred stocks..
i
W.
elected"
(Del.)—New Director—
Steinkraus,
a
:
President of the Bridgeport Brass Co.,
158, p. 1128.
ha.s
director.—V.
■
Central Arizona Light & Power Co.^-Earnings—
; Period Ended Aug. 31—
Operating
revenues....
Operating expenses
.federal taxes.
Other
29, last
Gross
year,
y
dividend
cents
30
and
of
20
15
to
1
ry.
oper.
-
■
•"-■'■
ry.
$5,462,835
2,971,778
24,530
500,104
388,516
49,000
2,958,156
677,133
" 421,613
521,257..
'
,
reserve
40,750
—
3,132
*
:
484,500
2,998
37,736
37,609
$109,121
5,384
$93,146
$1,290,909
$883,813
45
7,253
10,583
$114,505
$93,191
$1,298,162
$894,401
20,088
1942,
p.
1146.
1942
•
20,048
236,716
240,932
$73,143
stock..
$1,061,446
$653,469
,
45,501
•
'
oper. Income
158, p. 946.
1,974,605
731,122
418,239
.
•
'
.
.
1,099,052
232,619
88,467
•
.
income
applicable
Balance;
paid
—V.
on
and with
■
158,
■;1
and
int.
140
Payment
will
be
Broadway, New York,
made
N.
at
Y.—V.
The
1031.
y
.
company
proposes
to
issue, and
sell
$25,000,000
of
—
first
mort-
bonds, to be dated Nov. 1, 1943, and mature Nov.
1., 1973,
refunding purposes, according to-a declaration filed by the' com¬
pany with the Securities and Exchange Commission.
The company will use the proceeds, from
the sale, together* with
treasury funds to the extent required, to redeem $25,000,000 first
mortgage .bonds, Series A, 3%#>v due Aug; 1, 1969, now outstanding,
The
to
interest
the
rate
on
"the
hew. bonds-Will
be
stated
in
21,418
amendment
an
declaration.
The company stated that the "purpose of the transaction
interest charges on its bonded indebtedness, and
is to reduce
believes
6,971
vailing
market
summated
816,246
on
conditions
permit the refunding operation
advantageous basis.—V, 158, p. 667.
an"
that
to
:3
Central RR. of New Jersey- —Earningsfrom,
1943
.
-
Froiri.
railway..$5,627,198
1942
1941
1,674,779
536,863
899,795
1,459,823
968,541
railway..42,609,024
railway...
12,393,595
oper; income..*
4,613,123
37,302,243
28,414,542
23,347,824
11,495,471
8,140,729
5,382,870
5,320,621
3,447,790
656,804
income
Jan.
ry.
Y
$3,070,462
.
$77,481
1—
Net
N
'
1,509,792
railway......
oper.
and
—V.
•
1940
$4,207,890
from
assets of Simple Simon Foods' of Detroit,- Mich'.; 'processors
of
pie-crust, biscuit, and bran and corn-muffin mixes;
.The Detroit company was founded in 1933 by Mrs." Bess Wright,
'
$5,169,010
from
Net'ry.
exchange!'reffittaiicM fo^orelgu^ubscrlptldns
,
i
*97,733
7
con-
:
..
ktaw VarV
pre¬
bfe,
28,411
r
Q+
p.
go
Gross
oc
158,
for
Net
w
Nov. 1, 1943, a total
Aug. 1, 1964; at 103Va
Guaiftnty Trust Co., trustee,
the
Central Power & Light Co.—To Refund Bonds
.George W. Burry, President, on Sept, 25 announced the acquisition
by this corporation,- for an undisclosed amount in cash, of the business
-UA
108,054
$545,415
946.
p.
August:—
-UT4
108,054
$953,392
The company has called for
redemption as of
of $30,000 of 1st
mtge: 4^" bonds, series C, due
Gross
Burry Biscuit Corp.—Further Expansion-
preferred
-
83,995
*28,001
.
to
_______
Central Ohio Light & Power Co.—Bonds Called—
$115,114
l.
803,089
.
$94,417
per
1940-
1941
$98,624
9,385
*2,415
76,459
44,300 ;
:
Interest, etc., deducts...
Dividends
:
r
Gross income LlCy
..
/y'
..
$209,250
income
from
"Deficit.—V.
95,796
$5,710,300
of-: limited-term
Net oper. revenuesOther income, net
Net
cents
15,
156,
1943
January 1—
railway.—_
Net from railway......
Net
63,387
1943—12 Mos.—1942
273,145
investments
holders of
to
From
Gross
$538,61$
287,436
35,974
Property retire,
appropriation
holders of
share
per
Oct.
on
$216,370
84,605
-
from
railway.--!.
Net. from railway.J.
Net
1943—Month—1942
$539,800
taxes
1
Amort,
record Nov. 15.
A
cents per share was made on this issue
35 cents each on March 1 and June 1,
during 1942." " In addition, the company
paid an extra of 29 cents per share.—V. 158,
Dec.
«
•
28,977,096
194t
expenses-
Herriian
been
redeter¬
a
Net
Excess of
3,220,030
•
the company
1942,
stock, pax* $20, payable. Oct,
946.
99,497
'6,303
1943—8 Mos.—1942
22,053,767 189,729,872 165,012,867
18,833,737 160,752,776 136,576,303
$1,322,344
$839,169'
,
reduced
share in preceding quarters.—V.
August—
'
324,165
99,497
.
1943- -Month—1942
;:■ ■;--:V';
;;
common
Sept.
15,
cents
on
3,761
7,642
Dividends
,
V1942
■
$395,197
988.
,
stock,; par $1, both payable
quarterly distribution' of 40;
on
Sept. 1, last, as against
1943, and in each quarter'
312,082
i
*82,299
*309,753
3,843,887
income,
Net
:
The directors have declared an extra dividend of 40 cents per share
and the usual quarterly dividend of 40 cents per share on the common
$2,744,735
1,887,735
123,920
-
803,363
*34,545
Sept. 21-
taxes
Gross
Burlington Mills Corp.—Extra Distribution of 40c.—
255,323
rapid transit lino rentals—...
Subway and
Interest
$3,002,899
2,160,953
242,255
923,343
*267,650
Interest, etc., deducts..."
Burlington-Rock Island RR.—Earnings—
1942
947,946
*32,861
.
"in
based
previous
on
record
Jan.
Elevated Ry.—Earnings—
1943
*1,703
*42,334;
.
$99,585
,
*146,420
taxes
Other
,
Boston
1940
.
*409,822
946.
revenues..-.
Net oper.
Co.—$450,000 More to Gov't.—
letter
a
The directors ■ have
.
for .the Evap¬
orated Milk Association, and L. A. Humason, of San Francisco, were
the individuals indicted,
the Government contending they were the
oXecutive officers of the alleged price-fixing agreement.
They were
fined $2,500 each and given six-month' jail sentences, suspended on
condition the fines were paid.—V. 158, p. 1030.
;
:
Month of August—
*11,033
*325,155
appropriation
,,
Bridgeport Hydraulic Co.—Reduces Dividend—
Other fines ranged from $3,500 to $1,000.
Dan F. Stilling, of Chicago; industry administrator
•
$121,963
*21,128
*57,202
;
p.
result
excess
,
;I.
„
1941
$133,145
;
895,700
p.
-Earnings
1942
^621,738
Aug. 31—
Property retire,
showed a net
profit, after deducting $300,000 reserve for contingencies, of $1,522,161.
This net, after dividend requirements on the $5.50 preferred stock,
was equal to $1.48 a share on the 942,990 no par shares of common
stock.—V. 158, p. 482.
.
and associations dealing in
evaporated milk pleaded nolo contendere in Federal District Court at
San
Francisco Sept. 27, to. anti-trust indictments arid were fined
$77,500. ! The indictments; returned in 1941, accused the defendants
of conspiring to fix prices on evaporated milk' in restrain of trade. ■
The heaviest fines, of $5,000 each, were imposed on the Evaporated
Milk Association, with headquarters at Chicago, an organization to
which most of the defendants belonged; Armour & Co. ;and Libby,
McNeill, Libby, of Chicago; Borden Co. and Nestle's Milk .Products
Co. of New York; Carnation Co., Milwaukee; Pet' Milk "Co., St.' LOuis";
Sego Milk Products Co., Salt Lake City and Golden State Co.,. Ltd.,
companies
*516,733*
1239.
p.
Dividends
-
a
In
Borden Co.—23 Companies Fined in Milk Trust Case23
1,075,650
*70,223.:
91,081
earnings ..v:.,
Operating
Operating
of
•
a.common
The plan would eliminate all arrearages on the preferred stock, now
amounting to $32 a share.—V. 158, p. 185.
.;;
and
*78,933 ;
,
*403,255
Carolina Power & Light
approximately $117,000. After
setting aside a reserve for contingencies of $300,000, this makes the
final figures of "net profits for 1942 approximately $1,405,162, or $1.35
stock.
individuals
68,312
*541,552
railway....
Period Ended Aug. 31—
on
providet for liability resulting from these' negotiations;
of this
additional
$450,000 returnable to the U. S.
Government;'the" company states its reported earnings for 1942, after J
proper adjustments for Federal and State income and excess profits
taxes, and the credit due the company under the post-war provision
As
.
value and one-quarter of a share of new common stock, as well
as $20.50 in cash, plus additional sum in cash to; be computed at the
rate of $6 per annum for the period which shall have elapsed from
May 1, 1943, to the date upon which the merger becomes effective.
Each share of the present .class A common stock will be converted
into one share of new common stock, arid each <shaye of the present
class B common stock will be exchanged for l/10th of a share of new
Two
1,210,703
*388,055
:"
*27,304-
.
par
.
1,527,500
*836,846
earnings
158,
'■
:
r_
,This;'company,
provisions of the proposed merger agreement, each share
ot second preferred" stock, which has a stated value of $100 a share,
will be entitled to receive one share of new 6 % preferred stock of $100
common
*91,131
1,165,700
railway..—..
o]7er. ■ income.^
Traffic
liability' resulting from renegotiation of war production
on final tfigures for 1942, has been1 executed under
subsidiary,; The
which $450,000 is returnable to the U. S'. Government.
This' sum' is
'M,in" addition: to a reserve of $4,250,000 set up- in the 1942 balance-
Under the
1940.
$105,268
*152,283
\
from
Week Ended
in
IV
depreciation and income taxes.—V. 157,
.Bridgeport Brass
<
contracts,
■Booth Oorp.
:
*13,155
*68,241
earnings—26,855,759
Working
expenses
23,011,872
stated in part as follows:
the 1942 annual report was
Before
proposed merger
a
*29,551
Gross
>
Vice-President
named
Months Ended June 30—
6
-
.
Oct. 26 to vote
$158,018
*91,050
Canadian Pacific Ry.—
•Earnings—
charge of labor
Long Island City, N. Y.; Newark, N. J., and Johnsville,
Brown, President,
*Net profit
,
On Merger—Recapi-
.
;The stookholders will meet
•Earnings
1941
1943
Carrier Corp.
talization Proposed—
England
1942
:
Period End.
Morton
When
*'—
Booth Fisheries Corp.—To Vote
New
$113,000
3,246,655
51,137,875
In
1943
158, p. 946.
"Deficit.—V.
$978,236
Lines
V':
,
income.—
oper.
Net ry.
Bromptott FuIf & Paper Co:, Ltd.—Earnings—
Associated Press dispatch from Pitts¬
burgh, Pa, The plant will produce yearly 90,000 tons of Gr-S rubber
(Buna-S); or enough to make sixteen million .passenger .automobile
Work was started oil it in April, 1942.—V. 158, p. 885.
tires.
' >
Co. for operation, according
405,263
i'y
from
Gross
A';\
written; provisions were made in
it to anticipate possible governmental renegotiation of, prices for cer¬
tain Briggs war products.
On Sept. 22, 1943, the company's rene¬
gotiation 'proceedings' with the U. S. Government for the year 1942
.were concluded/
The amount to be refunded will not materially affect
the financial' position of the company as ample provision was made
therefor during 1942.
t.Sihce' Briggs began fabricating and delivering airplane parts, we
have,- turned out: more than 22,000,000 pounds of finished assemblies
including; turrets.
In 1941 this amounted to 800,000 pounds; in 1942
to 7.000.000, and for the first three-quarters of 1943, it is in excess
of 14,000,000;—V. 158, p. 1031.
i
Sept. 24 disclosed that'it has completed - the third
final Co-Polymer unit of the $56,000,000 synthetic rubber plant
company
658,034-
railway.—.
$101,869;:
Net from railway*64,102
Net ry. oper. income.—
*103,540
From January 1—
$8,964,724
Eagle Lock Co. below.—V. 158, p. 482.
Sept. 30,
Co.—Completes New Unit—
Blaw-Knox
This
874,843
555,182
Canadian Pacific Lines in V^rmontGross
Briggs Manufacturing Co., Detroit—Renegotiation—
$611,421
$1,087,757
158, p. 945,
ry.
int.
u—;
plants—V.
-W.
$1,040,595
429', 174
$1,513,956
$100,017
Balance^
—v.
from
Net
$1,645,966
549,000
56,371
$2,102,230
$150,365
1,333,436
1,005,198
$115,400
:M
railway—
railway
August—-
103,165
$8,695,293
-'
*Deficit.—V.
2,248,081
;
$1,444,752
$1,348,452
—.
irentals,
Henry
,
$178,769
2,076,812
1,923,027
oper. income—.
Jan. 1—
Net
'
Gross income
,
$147,510:
2,611
*20,915
1,497,340
..
from
Brewster Aeronautical Corp.—V.-P.—Labor—
.7,878
'
1940
:
14,617
*12,007
railway——
railway——
from
Net
.158,v p. 945.
See
$1,638,088
net—....
1941
$182,373
-
159,503
.$
3,707
income,
22,252
.
relations' at the
309
:
•Earnings^
2,607,341
from
Net ry.
(S. F.) Bowser & Co., Inc.—Merger Ratified—
600,000
revenues-
oper.
Other
Net
*
reserve
investments
.
228,244
24,241
inc.—.
income
Deducts.,
4,345,852 Y:
—-V.
742,664
623,383
,*•'
"
127,074
946.
p.
993,343
350,725
573,872
3,337,275
Canadian National
August—
Gross
Net
Net
50,000
158,
475,897
232,791
oper,
..; ^Deficit.—V.
80,52-4'
-
':,..,;y
4,306,150
railway—
income—
43.341
83,813
$401,683
,
1940:
$134,513
82,970
1942
railway
$578,079
railway..;;..,:285,840
from
Net ry.
1943—8 Mos.—1942
192,437
rents- -IV—
oper.
ry.
Gross
,
limited-term
of
Amort,
Net
.
67,833
M
-
1943
v;
Gross
$2,763,408 $18,308,367 $17,966,832
1,088,260
7,448,283
6,650,862
1,087,597
rents—Dr..
facil.
Joint
$2,552,901
rev..;
oper.
^
Equip,
■
1943-12 Mos.—1942
1943—Month—1942
$878,511 $11,228,633
$.9,799,361
$1,002,675
613,213
526,434
6,968,697
6,016,605
75,620
87,083
614,251
778,322
68,459
65,083
810,693
762,639
expenses-
Federal
S
ry. oper. income::.:
From January 1—
from railway..--
y>
$7,007,239 $57,812,241. $50,247,713
4,243,831
39,503,874
32,280,881
,5,482,126
expenses
370,216
revenues....
249,647
303;857
Net
Gross
1943—Month—1942
$8,035,027
revenues
Operating
Birmingham Electric Co.—EarningsOperating
1,198,167
1.238,538
income..
946.
p.
from
Net
RR.—Earnings—
'V. 158, p. 945,
Period Ended Aug. 31—-
.1,413,296
650,430
553,195
83,611
1941
Canadian Pacific Lines in Main e-
From
5,531,022
"5,710,870
$174,880
railway-
oper.
August—
Gross from
.
Boston & Maine
Other
2,453,201
1,206,415
ry.
—V, 158,
11,004,437
7,171,288
14,217,356
5,661,302
2,321,564
12,467,864
railway....
railway
from
from
Net
from
Net
approval will be appealed to higher courts,—V. 157, p, 1738.
From January 1—
-
Gross
Net
5," Judge Hincks will hold the adjourned hearing on the
reorganization plan and the Boston Terminal groups and
group will object to that plan.
If the Court should
approve the plan over the many objections, it is understood that the
$2,227,813
1;449,759
2,139,663
13,378,211
1,287,908
441,335
486,519
income.—
oper.
1942
$177,817
71,369
56,550
59,642'
January I— :
from i-ailwayJ_,
Gross
Haven
Old' Colony
Taxes
$2,185,235
1,358,218
1,107,684
$2,374,925
railway
from
Net
$2,216,047
railway
from
Gross
ry.
From
Ofct.
On
the
1940
1941
1942
railway—.
railway;
;
oper. income-,
Net
:
-1943
$169,320
from
from
'
New
—Earnings—
1943
yv
Net
.
s.
MM,-
economical operation that justifies the rentals.
Concession
have risen to hew high levels and although the' 'Terminal
very,
for ; the New Haven and for the Boston & Providence on the
day and has certified- the New Haven plan to the District Court
at New Haven but has failed to certify the record in the Boston &
Providence plan, to the District Court at
Boston.;m;.:;
period from Oct, 1, 1942; to June 30, 1943, the corporation made
voluntary price reductions aggregating $149,000,000, substantially all
which were on contracts previously entered into with the Government.—V. 158, p. 765.
;-/y': : :-y<- -mY
yy.
Bessemer & Lake Erie RR.-
Cambria & Indiana ItR.—EarningsGross
same
of
August—
in active direction of Simple ' Simon
Foods, Mr.
Processing facilities of the Detroit enterprise are
he added.—-V. 158, p. 1128,
enlarged,
August—
to
plans
Foundry and Philadelphia divisions—were organized subsequent to 1938 and in the nine months ended June 30, 1943, had
aggregate aviation sale of $144,440,524." .
■■ !yM ;:y
Referring to the corporation's overall expansion as reflected in the
sales figures, Mr. Breech pointed out that- the volume of deliveries
of precision instruments; radio communications equipment and other
devices
for
aircraft, marine and other1 industries increased -sub¬
stantially more than is indicated in sales data." "The dollar sales
increase is proportionately
smaller," he said, "because the corpora¬
tion has continued its policy of passing on to the Government by
means
of
price reductions the benefits of reduced costs."
For the
Magnesium
continue
announced.
be
to
plan of reorganization for the New Haven, dated Feb. 18, 1941, left
;; the Boston Terminal undisturbed.
On Dec. 8, 1941, when Judge Hihcks
v sent the - plan .backto; the Commission, he included a so-called "com;
promise plan" Which was prepared without the consent of the Boston
Terminal bondholders and which would cut the rental for that property.
; - On Oct. 6, 1942, the ICC brought out another reorganization plan
which incorporated, the change in the treatment for the Boston Termi■'
nal.
This being the first official act that endangered the rights of
the'Terminal bondholders, a' savings bank committee sought to interi- vene and present evidence before the Commission, but its petition was
>.refused by the Commission as coming too late, -,;
1 ; yy:-M,
-It also was pointed out Sept. 22 that in July the ICC
brought out
yy'y
will
Burry
is* generally considered as a passenger station, a considerable amount
of freight-is moved,.over,(the tracks of this property.
'
"Counsel for, the Terminal bondholders pointed out that the ICC
annual rate almost 50 ,
Breech, President, V
an
calendar year 1938, Ernest R;
to stockholders on Sept. 30.
a
revenues
•
.;,
Mr.
fiscal
be
'
,
.:;y'
'm
'
this corporation in the first
nine
times
J
M-y.y-y-
Manufacture ,ofaviation, products- by
months ended June 30,! 1943, was
-
,'
■
Of
Output
.
who
.
'
Bendix
1343
from
158, p. 947.
58,503
.
BEekman 3-3341. Herbert D.
Seibert, Editor and Publisher;
aad .avertisem.nt, must Pe mad, m New
/
toda.
'
THE COMMERCIAL &
1344
Central
Electric
States
Corp.—Committee
vene—
To
sidiaries.
Inter¬
pany
committee
The
provision has been made for possible liability in connec¬
patent litigation decided against the domestic subsidiary com¬
amount thereof is not at present determinable.—V. 158,
with
tion
-v/
..■/>
company.
nition
pation in
mittee
State
Twin
Electric
&
Gas
Central Vermont
and
Co,
Public
transactions.
Prior
consummation
the
to
the
of
Public Service Co.
and transfer to
sell
Service
plan/ Twin
Dec.
a
and to use the proceeds
refunding mortgage bonds
and
by
The
be
Prior
into
merged
the
to
to
A
Class
■
Central
Vermont,
situated
are
entirely
within
and
its
Amount
$70,000
—_
B
common
v
V
.
will
stock
to
issue
provide
sell
and
$48,000
to
NEPSCO
8,914,496
value
par
(4)
common
August—
and
railway—
railway
Net ry. oper. income
from
From January 1—
Gross
Net
from
Net
ry.
116,168
1940
POO.??!
7,314,000
into
& gen.
6.5s
117,232
V'i"
133,439
1,660,789
1,525,553
1,649,647
963,794
916,692
1,C62,865
includes
16 Weeks Ended—
,•;
profit after all charges, incl. taxes
/■
.
$664,334
—V. 158, p.
f t;See
1,806,711}
$0.92
10,497,000J
161,157
*1,397,200
1128.
34,192
and
Credit
surrender
and
42,927
99,772
*864,975
-
securities
in
made
claimed
are
plan
of
to
worthless.
be
miscellaneous
the
Cdurt
receive
collateral
finds
400
outstanding
as
tin
.
addition
of
shares
class
for
B
C,
held.
/.
August—
Gross
Net
.1943
from
railway
railway—.—
from
139,658
125,927
12,070
56,727
3,002,543
2,588,624
2,260,865
1,210,811
1,036,272
968,035
501,829"
585,354
586,001
614,617
285,016
;
ry. oper. income...
From Jan. 1—■
from
Net
railway—
from railway——
Net
ry.
—V.
income.—
947.
oper
158,
p.
,
$199,544
53,156
63,095>
30,667
1,750,835
.
Bank
held
is
made
by them
the
on
of
basis
first
have been
been
have
called
$127,000 of ref,
due
May
and
1996,
1,
for
redemption
as
The
of
1,
Nov.
1943
a
total
mortgage 3J/2% bonds, series D,
fund moneys, at 100 and interest.
sinking
Payment will be made at the office of J. p, Morgan & Co., Inc., sinking
fund trustee, 23 Wall St., New York, N. Y.
On
1943, a total of $34,000 bonds of this series, previously
redemption, had not been presented for payment.—V. 158,
;
-■/''
/ 'k■ ■'.'■■■r'-, f
Sept, 23,
drawn
for
1240.
p.
dealt with
or
extent
provided
collateral.
as
the
by
remain
shall
which
and
section
of
or
for,
entitled
reorganized
shall
of
the
or
company
in
be
such
in
company
deemed
trustees
part
August—
Gross
1943
1942
1941
1940
from
railway
$20,596,815 $15,546,252 $11,376,832
railway.——
10,426,628
6,811,733
4,214,287
oper. income—
5,168,569
3,240,697
2,448,330
Net
Net
ry.
$8,430,325
from
2,232.559
1,126,181
-
From
Gross
Net
Net
from
ry.
—V.
1—
Jan.
from
railway
139,530,133
99,106,546
74,745,316
61,043,587
railway—™
64,381,250
37,024,022
23,117,976
13,325,828
income.—
31,372,220
17,805,329
12,412,108
4,758,923
oper.
158,. p.
1031.
date of
securities
the
of
of
.
securities had
new
/
'^
been
V///.
upon
have
to
Chicago & Eastern Illinois RR.
Gross
;
from
Net
from
Net
ry.',
;'
railway—
railway
income—
oper.
1943
Earnings—
1942
1941
1940
$2,838,923
1,165,482
367,214
$2,202,854
$1,573,476
$1,327,970
872,718
424,290
332,240
427,476
173,145
assumed
Company
shall
assume
obligation
the
Date,
Etc.
the
contract
net
in
totaled
1943
$355,559
File
Claim
/
Holders
With
committee
Bank
&
(Harry
Trust Co.,
of
the
committee
are
,■>
the committee points out that
the
company
and the preferred
between
of
C. Thompson, ViceChairman), has filed '
a claim of preference
directors
Childs
of
aside
set
from
time
to
earnings of
the company a sum aggregating $2,- /
for the preferred stockholders, and carries such a
reserve
books
and
financial
statements,
the
be
issued
and
1943.
1,
dated
dated Jan.
1,
as
the
pro¬
guaranty
1943.
p.
for
Service
Ohio
the
of
947.
Securities
to
Co.
liquidation
stock
the
record
and
of
the
all
Ohio
of
by
the
donation
at
Service
Public
Alliance
Service
were
Public
company.
Ohio
value of $464,143.
a
of
part
as
the
Co.
made parties,
Service
top
Co.,
Public
of
Subs.
on
Exchange Commission
the capital stock of
following
Public
plan,
would
Service
issue
to
and
bonds
then
was
to
be
retired
by Ohio.
■.
pointed
out that the properties of the Alliance
company
territory served by Ohio Public Service and are inter¬
connected
with
its
system,
As well, "Power and Light desires to
reduce the number of its subsidiaries," the
plan said.-r-V. 158, p. 1129.
lio
within
the
City Investing Co.
Consolidated
■
(& Subs.)—Earnings—
Income
Account
'
Total
132,849
the
contribution
..
Reorganized Company
deposited under a trust agreement.—V. 158,
the
Light 3,435 shares of its common stock ($100 par), in
payment for $343,535 Alliance Public Service first mortgage 5%
20-year
sinking fund bonds due March 1, 1957, now held by Power and Light,
It
:
Public
also
donation
Power
Jan.
/
with
for
plan/.to which the two subsidiary companies
would
:
of
V-
■
filed
has
Alliance
The
The
of
of
providing
provides
'''
'
plan
a
all the
reorganization managers may determine whether a new cor¬
poration shall be organizezd or the new securities shall be issued by
the debtor.
Upon consummation of the plan, the reorganized com¬
pany shall have title to all the property and assets of the debtor.
All shares of class
A and class B stock, issued in reorganization
shall be
months
Cities Service Power & Light Co.—Files Plan
property which shall
the consummation of the
The
August—
six
investments/ the committee claims they should be distributed
preferred
shareholders
to
apply against accumulated dividends.
to
the
plan shall be Jan,
shall
$0.79
marked
manner
1, 1943,
although consummation of the plan is delayed beyond that date.
The reorganization managers may/ however, with the approval of the
Court, cause any issue of new securities to be dated as of another
date, but only if the creditors who receive such issue of new securities
shall receive the same amounts in cash and the same rights in respect
of accruals and accumulations of interest or dividends, as if such issue
new
stockholders'
Continental
the
interests
the
The
the
.
—V. 158, p. 1240.
,
of the Kentucky & Indiana Terminal RR.
Effective
The effective
Chicago Burlington & Quincy RR.—Earnings-
on
•-;*
the preferred stockholders in
three investments in
in real property and in the proceeds of the sale of them are
preferential to any interests of the Childs Co. in the properties named.
This interest of the preferred
shareholders, the committee claims, is
in addition to their interest in the
principal assets of the company,
which may be distributed.
In connection with the above noted ear¬
priority;
such
to
have been rejected pursuant to
://
bonds
on
for
the board
the
its
the
not
77.
reorganized
the debtor
of
debtor
executory in whole
visions
The
the
of
to
from
270,536
$0.91
equities
may
reorganized company
contracts
plan
as
the
$213,194
260,131
$0.36
This reserve, the committee
states, was invested in certain soecPied
real estate for the benefit of the
preferred stockholders and add3 that
paid by the debtor or its trustees they shall be paid in cash
by the reorganized company or otherwise adjusted, com¬
such
$0.42
1943- -6 Mos.—1942
$237,738
Bankruptcy, John F. X. Finn,
preferred stockholders.
Other members
reserve
be determined by the board of directors of
the reorganized company, subject to the approval of,the court.
improvement
out of
to
.
Subs.)- -Earnings—
,
taxes
the
a
assumed
or
promised
Chesapeake & Ohio Ry. Co.—Bonds Called—
There
otherwise
(&
1943—3 Mos.—,1942
$108,153
$98,975
260,131
270,536
Co.—Preferred
734,590 as
and
and (b) current liabilities and obligations of the debtor and its trustees
incurred during the proceedings under section 77 of the Bankruptcy Act.
To the extent that such claims, liabilities and obligations shall not
and
of
not
claims
aggregate
Shelby Carter and Peter J. Powers,
The claim of preference as set forth
by
time
Not Affected
by the Plan—The following claims are not
by the plan:
(a) Current liabilities of the debtor incurred
in
the ordinary
course
of I business prior; to the? institution of the
proceedings under section 77 of the Bankruptcy Act which are entitled
to
priority over any mortgage bonds of the debtor and any other
1940
$294,362
Net
Gross
\,'V 1941
1942
$335,440
the
charges.
stockholders,
affected
$343,822
120,587
statement, are to be ottered
offering price not exceeding-
maximum
exceeding
share—//
of
pursuant
Claims
Charleston & Western Carolina Ry> -Earnings-
proposed
shrs.
com.
preferred
income
Exp.
and
Deprec.
Net
Net
on
loss
for
-436,392
interest-.
109,782
sale of prop.
Ended
1940
$487,381
/
$107,037
421,703
15,742
$126,377
19,719
—
dividends
April .30
1941
$464,240
404,477
113,198
'
tax_
dividends
Years
1942
$386,649
404,952
108,073
'
$439,137
——
Preferred
Common
1943
—
ordinary
and
loss
,;
$69,178
113,214
J—
—
$47,537
19,719
19,719
19,719
—
„
159,990
199,984
$248,887
$267,240
From January 1—
Gross
from
railway..—
railway.—.
income—
158, p. 1240.
21,339,441
14,520,927
12,087,736
10,073,830
Net
from
8,319,241
4,243,667
3,260,873
1,889,426
Net
ry.
2,872,043
1,865,502
1,413,478
—V,
oper.
Chicago & Illinois Midland Ry.
August—
Gross
Net
Net
railway—z
railway——
ry.ioper. income..^
From
railway,
railway
from
Net
ry.ioper.
158, p.
$575,194
$512,308
$515,254
$442,751
261,946
239,706
167,104
93,476
207,123
68,157
4,024,829
3,347,632
2,968,195
1,769,844
1,564,584
1,393,902
990,446
659,667
537,608
775,920
723,886
105,891
...
income—
1128.
January 1—
—V.
110,420,836
35,158,481
19,146,584
88.803,541
72,292,306
27,068,501,
14,293,899
17,990,893
Chicago & North Western Ry.—Earnings1943
1942
1941
railway— $15,239,557 J12,767,791 $10,611,690
Net from railway
3.565,104
6,339,198 " 4,346,192
2,349,149
Ne£ ry. oper. income—
3,567,475
2,483,927
from
6
Months
Consolidated
taxes
From
Ended
June
January 1—
from
Net
30—
1943
Net
1942
profit after all charges but before
and
contingencies—1—
Prov. for Fed. income and exc. profits taxes
Reserve for contingencies
from
ry.
—V.
*$8,766,555
$6,350,409
6,340,000
5,280,000
.
1,000,000
—
railway—
railway
oper.
158,
p.
income—
profit
—:
common
—$1,426,555
share—
$1,070,409
$3.21
$2.14
"■Includes realized profits on sales to foreign subsidiaries.
For the ouarter ended June 30. 1943, net profit was
a
share
share
$878,175,
common
No'«s
common, as'compared with
the J'?"ne quarter of previous
on
for
share
(1)
for. the
The
ended
possible effect of
terminable, the report
(2)
quarter
$665,412,
or
$1.46
year, and $548,380,
March 31, 1943.
renegotiation
is
not
at
a
or
or
$2,10
common
$111
a
present de¬
states.-,j
The above results are exclusive of operations of
foreign sub-
.
106,796,546
;
2,493,882
1,613,728
in
U.
Government
and
in
Trust
on
hand
accounts
Co
—
receivable
capital, stock
of
Chemical
Bank
223,750
——_——
Mortgages on improved real estate in Borough
of Manhattan, New York City—
Equities in real estate in Borough of Man¬
hattan, New York City———
taxes
and
expenses
—
—
——
4,430,284
6,869,177
/
1
46,835
———_—_,
Total
223,750
946,469
Investment in and advances to subsidiary .com¬
pany
(not consolidated)——
Prepaid
60,643
70,544,001" 58,539,188
Accounts
Accrued
40,000,132
25,811,879
19,907,524
10,384,809
22,336,374
14,604,170
12,066,431
3,759,238
Rents
payable—.
$8,997,302
$8,938,437
$8,062
——
liabilities
received
54,785
in
curity
$26,560
.»
advance
and
tenants
,
.
1943
1942
from
railway
^
$15,760,536 $12,513,643
Net from railway——
7,088,399
5,434,819
Net ry. oper. income
3,848,640
3,977,087
From January 1—
Gross from railway
119,005,544
82,469,445
Net from railway
52,654,897
28,946,520
Net ry. oper. Income
29,844,912
21,270,276
■
1941
•
$8,756,973
■
1940
$6,707,551
deposits
;
Reserve
for contingencies...
—501,484
7% non-cumulative pfd. stock (par $100)—
300,000
Common stock (par $100)——
8,000,000
2,886,830
1,294,130
2,035,937
395,690
63,443,352
19,415,352
52,301,069
12,531,179
3,592,166
10,756,629
To Purchase New Locomotives—
trustees
recently authorized by Federal Judge Michael L.
Igoe to purchase three -diesel road freight locomotives, 5,400-hp. each,
were
Earned
6,995
——
surplus
Preferred
444,307
Total
Investing
City
—
to
of the
.Continental
Fulton
west corner
Bank
show
the
acquisition,
8,000,000
130,528
Drl8,572,
Drl8,572
$8,997,302
—
Sheet
effect
on
as
the
of
June
financial
30,
$8,938,437
1943
position
since the close of the fiscal
year
is
fur¬
of
the
of
the
at No. 30 Broad Street and of the
Gaiety
and the stores and office building at the south¬
Building
Theatres,
of
'
re¬
—.
Balance
Consolidated
order
Co.
in treasury
—
in
company
and
of
held
and
Note—The
300,000
151,543:
stock
acquired
nished
48,619
se¬
———
Gross
/
•
Apr. 30, '43 June 30, '43
$1,291,490
$207,861
2,000,000
1,500,000
58,475
77,004
——
obligations
other
Investment
&
and
:
Liabilities—
-
87,100,560
Chicago Rock Island & Pacific Ry.- -Earnings—
The
all
1940
$9,009,780
1240.
August—
Net
Earnings per
Cash
S.
banks
/■
—_
August—
Gross
(Including domestic sales company)
,
$146,096
Consolidated Balance Sheet
'
■
—
—.
Chicago Pneumatic Tool Co.—Earnings—'
5,371,854
158, p. 1123.
Gross
$126,756
—
Assets—
Rental
railway.—; 144,249,041
Net from railway——
57,667,753
Net ry. oper. income—
36,544,932
90,680
1—
Jan.
from
Net
—V.
1940
4,204,121
from
1941
Deficit
.
from
Gross
1942
Earnings
1940
1943
1942
1941
railway- $19,786,744 $15,705,896 $13,562,208 $10,805,082
Net from railway7,737,789
5,510,382
4,868,023
3.022,820
Net ry. oper. income—
3,575,268
4,252,748
2,972,108
1,865,588
from
From
Earnings
1943
from
Gross
192,677
Chicago Milwaukee St. Paul & Pacific RR.
August—
Gross
.
They are*' *
Louisiana
and
'
,
with the Trustee in
of the unsecured claims to
any
States.
Arkansas,
.
National
bonds
mortgage
all
President
shall
a
profit
The
j
v -
over
Chase
at
and* not
Trustee—.
these
as
stated value of $10,000/this being in exchange
a
southern
aggregate
underwriters
Childs
provision
and
against $145,118 in 1942.—V. 158, p. 84.
$
No
Corporation
extent that
the
an
■"After
*701,050
80,861
fThe old securities shown
unpaid interest, to Jan. 1, 1943.
stock having
general
western
$960,000; and 47,989
registered for issuance pursuant to options at $8
per share,
offering price of $388,912,
V,
■:
,.
are
Outstanding
Earnings per
14 shs.
$40.37
share.
per
accrued
Railroad
tion
middle
funds
share
per
/Net
v
:
500,00011.
4,991,300 K,
■
extend
'Tennessee,
Mississippi,
;V. v-::...',../,;.
Period End. June 30—
13 shs.
V
mortgage bonds the plan provides that they be paid
in. cash or assumed.
,'////
'' V'/-;:-;/ /;//
Note—The allocations of securities to the Railroad Credit. Corpora¬
$672,763
$0.91
Earnings per common share..-
$37.50
$17.37
112,103
Spring¬
Memphis,
Terre Haute, Ind.
:
:
Chicago and Southern's service
Wisconsin/ Iowa, Michigan, Indiana,
would
Chicago Yellow Cab Co., Inc.
221,587 *$1,920,425
69,341
90,856
via
■■
on
Nott—Federal
i
have priority
...
Aug. 15/43 Aug. 16/42
■.
95,312
' '
■-"i
$469
.
$16.13
181,077
1,151,073
at $25
JTo the
:.
-i:
Ga.
are Kebbon,
McCormick & Co., Chicago, and I. M.
&. Co., St, Louis.
The offering price to the public will be
sup¬
plied by amendment.—V. 158, p. 1031. •:,/
■'//' :''-y
i
549,688
$507
Jacksonville, Fla.;
Simon
193,6871
n
stock..;
the
to
seven
undrwriters
The
:'
/i
common
for
Earnings—
248,946
1,707,634
stock-
the
594,204
.
$45.36
____
^Stated
959,428
453,408
'
and
Atlanta,
present certificate of public convenience
authorize alternate routing between
Minnesota,
Georgia.
The company's presently operated routes
Missouri,
provide
being
...
& Southern
Corn.
Mo.;
and
its
of
through
shares
■>
6,267,440
Unsec. claims
4,274,328
,
to
$468
•
new
111.;
111., via Evansville and
and
company
$16
2,480,400
$42.13
6s
CI. B Com.
$500
•
include
Chicago,
for expansion of facilities and reduction of
loans,
Sept. 27, registered 107,989 Shares of common
stock,
(no par), with the Securities and
Exchange Commission.
Of the shades
registered 60,000 shares, to be evidenced
by voting trust certificates
registered under a separate registration
2,499,000
$505
^
$404
To
the
$532
2,676,500
473,488
.
Chase National
•/.
Champion Paper & Fibre Co.
A
.
8,617,291
-
IRR. Cred.
-''v/'-./
5,189,971
158, p. 885.
,
Each $1,000
62,402
/•
5,351,018
income—
1,617,360
••.///■•'•••'•■',
1st & gen.
Pfd.
States
Florida
Illinois,
——
'
-
.
$407
Each $1,000
V
to
applications
the
extend
City,
Tenn.;
as
so
and Chicago,
Texas.-
$2,500,400
-
2,698,920
'
$540
'
2,157,100 :
,
Each $1,000
$435.
.
$1,000
1st
12",76l
'
2,174,130
.
Ind. & L. 4s_
$542,773
6,125,032
railway
oper.
'
1941
$735,008
:
railway
from
7,372,050
$1,000
L & N note-
1942
-WillReeeive
$2,702,500
:'A,*V $575
$463
Notes to L&N
$717,810
$2,176,100
•
Ref. 4s
Corp.
necessity
Ohio,
V*'
*7,379,000
Each
Memphis,
amendment
These
$1,597,893
Exchange of New for Old Securities
V
6s
Each
An
Tenn.
50,000
tOutstand. 1st Mtge. 4s 2d Mtge. 4s- CI, A Com.
$70,000
Will Remain Undisturbed
Each $1,000
Ref. 5s——
Inc.—Earnings—
1943
$762,003
?13,Qoq
from
Gross
of
facilities
and
v:;
■
Kansas
Registers With SEC—
Eank
: ;
(5)
■
429,642
Ref.
of
Central Vermont Ry.,
■
Mo.;
4,893,650
__
Existing
the
for
Civil
Between
field,
401,152
8,592~845
$30,084,791
Securities
shares
2,954
Air Lines,
Inc.—Proposes New
Eight More States—
S'V,v'
■.\7
cities
the
Mich,--
200,000
__
esti¬
.
50,000
minimum_„'_-i
total
a
via
Rochester, Minn.; and Madison and Milwaukee, Wis.
(2)
Between Minneapolis-St. Paul,
Minn,;, and Chicago, 111.; via
Rochester, Minn.; Dubuque, Iowa; and Rockford, III.
(3) Between
Chicago, 111,, and Detroit, Mich.; via Fort Wayne,
Irid.; and Toledo, Ohio.. An alternate route between
Chicago/ 111,;
and Detroit, Mich.; via
Michigan City and Elkhart,'Ind.; and Adrian,
304,552
7,613,800
bonds„^.__
at
Southern
&
The
corporation's proposal
to
extend
its
applications for the following routes:
(1)
Between Minneapolis-St, Paul,
Minn.;
Charges
$162,547
Equip, trust—
purchase from that
certain securities of NEPSCO Appliance Finance Corp.:
and NEPSCO Services, Inc., after which the company
will pay its
outstanding bank debt of $150,000.—V. *158, p. 1240.
Net
!
fund,
stock, 5%
stock,"'no
Terms
It
also
Vermont
company
—V.
betterments
common
Central
merger,
holders.
such
Central
■
sum¬
Annual
! '
-
,
each,
.>;■./"■'■</ ,Vv
transport service to 19 principal
in eight different states was filed
by this corporation
Aeronautics Board last week as a part of a
plan for
the development of the nation's air
transport system,
with
roads
^ Totals '
also provides that the entire outstanding
17,929 shares of common stock
($100 par), of Twin State,' owned
by NEPSCO, will be converted into 141,996 shares of-common stock
(no par), of Central Vermont.
v.'1-"':V-^ ■'/
Immediately after the merger, Central Vermont will issue and sell
privately for cash $500,000 first mortgage 3 Va'% bonds, Series C, due
1973, and will issue and sell for cash to underwriters for resale to
the public 195,000 shares of its common stock, to provide funds for
the
acquisitions from Twin State and retirement of the securities
of that company and for working capital.
Net
A
.American
were
leased
on
—
Class
Vermont will take steps to increase
its authorized common stock (no par), to 500,000 shares.
The merger
agreement provides that cash in an amount equal to $110 a share
for the 24,550 publicly held shares of 7%
prior lien stock of Twin
State, plus an amount equal to all unpaid dividend accrued, will be
of
charges in 1941
mortgage 4 Va % income bonds
fund on second mortgage bondes—-.
Sinking
with
Vermont, except a generating plant and transmission line in New York.
paid
value,
no
the
properties which Twin State retains after such sale, and which
to
are
they have
1,000-hp.
158, p. 1240.
Applications to bring increased air
partici¬
from
.,
•
retire its entire outstanding
call for redemption at 101,
treasury funds, to pay its
to
interest, and, together
entire outstanding bank debt.
and
First mortgage 4%
bonds
Sinking fund on first mortgage
direct
Second
accrued
for
excluded
/■' •/
capitalization of the company, including
notes, was $45,247,755.. , In addition to the
unpaid interest as of the same date was $13,-
trust,
Additions
Maine,
Chicago
1942, .the?
charges:
in
plus
that
reorganization
are
Principal
NEPSCO, all rights and properties pertaining to its
electric and gas business in New Hampshire and its electric business
first
of
stocks
on
rentals, etc
Contingent obligations: "/
'
to
proposes
also
31,
plan
a
common
switching locomotives,
Air Service to
unsecured
Fixed
Equipment
State
approved
the ground
the plan follows: /
V
accrued
Fixed
plan and incidental
of New Hampshire,
20
and
five <diesel
.
of
subsidiary
v-V.--—
$1,513,028, comprised of interest,
and
equipment, $29,739.
In
Western
Indiana
sinking. fund
requirements
amounted to $132,803.
/
'/'/.,// 'v
'■
Under
the approved
plan, the new capital: structure of the re¬
organized company and the new annual charges, inclusive of
rents,
will be substantially as follows:
i, -:,i
'•//
:•■
the plan
836,791.
a
that it is affected or involved in the
the extent
to
on
Sept.
Preferred
$1,483,289, and rents
addition,
Chicago
&
New England Public Service Co.r have
voluntary plan under section 11 (E) of the Hold¬
ing Company Act under the provisions of which Twin State will
merge into Central Vermont, which will be the surviving company.
New England Public Service joined in the application to the SEC
with the SEC
filed
/v
and
above,
direct subsidiaries of
Co.,. both
of
of
As
secured
Proposal—•'('"/>•;"
ger
ICC
mary
Mer-1
Central Vermont Public Service Corp.—Submits
o
"
•
The
of reorganization." The chairman of the com¬
Taylor, assistant to the president of Security
Wilmington, Del.-r-V, 158, p. 84,
//;/;/;■;>
Co.,
and
Chicago Indianapolis & Louisville Ry,—Reorganization
any plan
J.
Walter
is
Trust
p-187-
Monday, October 4, 1.943
mated cost of $1,734,000.—V.
the
as
representing holders of the 7% preferred stock has
been granted permission to intervene in proceedings before the U. S.
District Court for the Eastern District of Virginia for reorganization
of
the
corporation.
The committee,
at latest
reports, represented
holders of more than 25,000 shares of the $7 stock, and has been
formed in order that senior stockholders "may find substantial- recog¬
in
FINANCIAL CHRONICLE
No
Broadway and 46th Street.—V. 158,
p.
386.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
Volume 158
Commonwealth & Southern Corp.
City Stores Co. (& Subs.)—Earnings—
1943—3 Mos.—1942
Period Ended July 31—
Period Ended Aug. 31—
1943—6 Mos.—1942
Fed.
taxes,
S
Interest;
and
income
surtax
profits
Deprec.
exc.
(est.)
parent com-
on
pany's
term
long
•
H
Consol. "net
77,682,
City
to
Co,
tion.—V.
Stores
$80,387
$682,180
$0.06
$0.56
$0.34
Net
from
Net
ry.
386.
'
■'
Gross
railway--—
from
637,777
,572,460
482,542
511,526
ry.
railway—"—,
from
Net
—v.
income
4,651,097
8,093,141
4,621,268
4,293,693
8,673,376
3,747,828
3,808,173
3,720,758
158, P. 981.
.a;..
The
Total
6,263,590
declared
dividend
a
of
cents
50
share
per
Taxes,
Sept.
value
par
4.
A
distribution
similar
last.
Payments
cent
Seach; Oct.
payable Oct.
stock,
common
in
1942
1,
made
was
were
cents;
30
on
follows;
as
1942,
April
July
and
1
156,
661,769
^4,040,217
10,698,015
on
false
of
certain
of
President
the
in a
Exchange,
Stock
which
rumors
road,
this
York
New
said
he
were
letter
to
Sept.
on
Gas
of
1240.
p.
coupled
the recent ad¬
with
orado &
to be terminated
debt
"We
the railroad.
Schram
Mr.
statement to
Electric
vV'-Vv
Gas
&
Co.
Application Ap¬
—
about
the
Special Court
which
had
jurisdiction
Such
would
indebtedness
Period End. Aug. 31— '
Electric
of
Gas
The Colorado
August—;-'
Net
from
from
Net
from
ry.
railway
railway
261,826 "
3,489,095
; 5,187,320
1,422,599
.
not
be
assumed
by
the
*186,971
unidentified
Gross
from
Net
ry.
income—
i
34,093
.
from
"•
XX ;•
$156,112
-
60,520
From January 1—;■
Gross
1942'
railway.^../ ? S152,643
railwayi—^
oper.
•
1,186,911
1,206,296
from
railway......
466,471
523,905
ry.
income...
p. 886.
189,765
'
198,784
railway
oper.
158,
528,796
887,153
390,428
282,862
254,141
1,077,211
'
*
of $1,25 per share was recently declared on the common
payable Oct. 1 to holders of record Sept. 27.
This compares C
with $1 paid on July 1, last, and 50 cents on April i, 1943."In 1942, )
the following
payments were made: April 3, 50 cents; July 1, 75
cents; and Oct. 1 and Dec. 24, $1 each.—V. 158, p. 84.
per
Gross
Net
from
Net ry.
railway
oper.
The
from
Net
ry.
$120,427:'
$115,063
and
income.2,235
10,984
13,282
15,473
859,508
854,924
178,651
90,545
Mackay
misc.
and
Corp.
27,826
Subs.)
(&
Loss on
income
1942
$5,716,739 $10,117,846
-1
2,407,390
1,719,611
337,347
270,403
60,128
-
$'4,037,895
X.
X 102,815
;$2:73
z;f:' $4.04 xX
158,fp.
Net
income
from
$4.45
-
•
for
of
months
times
Int.
inc.
on
debs,
on
444,624
the
6%
1,915
per
The
*$26,209
55,333
$355,558
inc.. debs,.
•$279,478
income
Net
90,342
103,114
The
*$382,592
*$120,058
V.
>
-
•Deficit.—V. 158, p.
i
187.
Solvents
Commercial
a
Corp.—New Director, Etc.—
a
'
appliances,
*
ry.
ment, has been named Vice-President in
velopment,—V. 158, p. 668;
;
and
the
Net
-
-
charge of research
and
de¬
dividend
a
$1
Oct.
dividend
of
share has been declared on the common stock,
holders of record Sept. 30.
This compares with
and an extra of $2 paid on July 15, last, and with
$1
per
to
15
of
Inc.—$1 Distribution—
$1
April 15, 1943.
During 1942, the following distributions were made:
cents; July 15, 75 cents and $1.40 extra; and Oct. 15
$1
on
Oct.
on
and
various
1943,
much
as
each.—V.
158,
company
tricity
Sept.
(electricity
-.
1943,
kwh.
compared
year,
40
15,
Dec.
Sept.
2.9
generated
announced
and
Inc.—Output—
that System
purchased)
for
output
the
of
week
elec¬
ended
to 213,100,000 kwhV, compared with 162,corresponding week of 1942, an increase of
Local distribution of electricity amounted to 199,200,000 kwh.,
26.
100,000
31-5'
on
and
15,
85.
p.
Consolidated Edison Co. of New York,
The
April
wilh
amounting
for
branches
of
the
armed
of
kwh.
for
39.5%,—V, 158,
the
p.
corresponding
1240.
week
•'
of
last
•
1943.—V.
for
158,
10 years
'
1241.
p.
Subs.)—Earnings
v-J, %X
XX;X-
1943
1942
after
all charges
but/
reserves;———J
special
$214,590
$42,490
100,000
20,000
taxes.—;
25,000
i......:
$89,590
$22,490
124,450
133,219
$0.72
shares_-.„!-.^^___!__.
$0.17
shares—V, 158, p. 669.
common
1943
war
contracts
approximately
is
plants
new
have
utilizes
since
the
also
669.
from
Net
ry;
From
$223,-
Gross
to
holders
of
the
services
railway.
from
ry.
p.
of
the
bonds
interest
'at
and
dividends of $3 per
share on the 7% preferred
record Oct. 21.
See also
rate
$107
at
The
by
Baltimore,
1941
1940
$5,446,215
2,641,020
1,755,716
1,192,166
2,130,881
979,194
1,042,808
363,084
47,151,666
39,628,008
34,052,210
19,415,623
15,278,045
12,151,106
7,395,547
8,844,672
7,123,658
7,340,732
3,531,470
&
$4,165,710
815,617
Light Co.- -Financing Plan Filed
stock
United
stock
from
to
of
the
Light
bonds
Sept.
stock
and
30,
to
will
redeem
spend
indebtedness
$3,400,000
to
retire
and
redeem
a
like
of 4Va%
series, due 1971, first mortgage
.'X'. :
will spend $4,848,000 to redeem $4,800,000 of
A first mortgage and first lien bonds; of the
Public Service Co.,
due
Sept.
due on
5%
of
1955,
Bank
3%
a
will be
25-year
1,
National
of
used1
$6,000,000
also
series
Chase
1953,
be
will
series first mortgage bonds, $3,162,000 to redeem
series, due 1969, first mortgage bonds and.$6,120,-
$2,250,000 of
satisfaction
Md.—V.
until
:. "
the
subsidiary,
&
41/4%
P/2 %
bonds,
The
by amendment the
will be redeemable
stock
$106
1
Power
company
redeem
lien
of
at
with as much as necessary of $6,287,063 received
Improvement Co, (parent) in part payment for
bonds.
20-year
sale
known
The
stocks.
redeem
to
make
Gas
$3,100,000 of 4Va%
The
would
before
derived
"amount of its
000
and
the
company,
the
Delaware
Personnel—
Sts.,
-
1942
$6,317,684
preferred shares.
Sept. 30, 1948,
after Oct. 1, 1953.
$105
the
from
and
on
funds
bonds of
Redwood
Western RR.—Earnings-
&
54,815,648
Power
share
a
Trust
and
5,018,371
The company, into which the Eastern Shore Public Servici Co. is
to
be merged
on
Oct.
15, filed Sept. 28 with the Securities and
Exchange Commission a registration statement covering $15,000,000
of
first
mortgage* and collateral trust bonds, 3% series, due 1973,
and
40,000 shares of cumulative preferred stock
($100 par).
The company disclosed that it was inviting bids for the purchase
called",for-redemption as- of
Calvert
•3,554,716
income
1032.
oper,
158,
common
trustees,
5,453,372
-
railway
railway
$1,110,780
Cp.,
5,833,548
$7,445,543
railway.^
Nov. 1 1943, a total
of $10,000 of 1st mtge. 30-year 5%
gold bonds due by extension to
July 1,, 1951, at 100 and int. Payment will be made at the Maryland
p.
10,443,864
6 139,921
With SEC—
'
been
10 140,330
1943
Eastern Shore
have
561,136
17,531,191
Lackawanna
Delaware
and
Cary W. Bok, who has been Secretary and Treasurer, has been elected
Vice-Pres'dent and
Treasurer.
Robert E.
MacNeal, formerly As¬
There
1,078,465
21,615,296
7,368,529
war
Secretary, has been promoted to Secretary.
Philip Sheridan Collins, a director, died at Wyncote, Pa., on Sept. 29
at the age of 78.—V. 158, p. 982.
•
.
742,231
oper.
income
January 1—
Net
%;V"
1
755,334
29,974,829
income—
from
—V.
declared regular semi-annual
Nov.
$2,363,928
1,413,861
982.
from
Net
subcontractors and suppliers through¬
preferred and of $3.50 per
payable
1940
$3,340,509
1,534,161
32 109,969
1
railway
p.
Delaware
Net
acquired
been
Crosley
f
1941
$4,108,309
.
%i;
August—
Gross
$5,000,000 worth of new equipment has been added.
operations,
income—
1—
railway
oper.
158,
1942
$4, 609,313
' 1 678,224
1, 100,300
services.
the corporation turned out about
production as during all of the
Curtis Publishing Co.—Changes in
of .New
note
spent
of
to
retire
the Maryland Light
Sept.
series
that
B
York
will
Eastern 'Shore
publicly
held
Power Co.—V.
and
lf47,
1,
first
and $2,295,000
mortgage
and
first
company.
be
paid
$20p,0Q(>
Public
£V2%
Service
fir"t
158, p.
in
and
mortgage
1241.:
E89.
Dennison
Deere
Co.—Special Offering—A special offering of
25,000 shares of common stock at $387/s per share was
'made Sept. 29 on the floor of
thei New York Stock Ex¬
change by Reynolds'& Co.* and Lehman Brothers. These
shares were offered for the account of a New England
estate.
the
142.800.000
an. increase
March,
share
Jan.
from
—V.
war
%
4.
the 6%
both
158, p.
158,
.
—
charge of pro*
the board of directors
since
30—
railway
from
Net ry.
Ind!, it employs
Danville Traction & Power Co.—Bonds Called—
Consolidated Car Heating Co.^
A
and
common
oper.
From
Gross
sistant
Henry W. Denny, Vice-President in charge of sales, has been elected
director and Kenneth H. Hooveiv manager of the research depart¬
payable
June
Federal
for
from
peacetime, of home
:
k
elected Vice-President in
profit,
Net
in
on Sept.
24 declared a dividend of $3 per share on
cumulative preferred stock, par $100, and a dividend of $3.50
on
the 7%
cumulative preferred stock, par $100, both in
directors
stock,
149,182
$265,216
—:
shares), $140; capital surplus, $9,198,008;
total, $15,227,912.—V. 157, p. 2247.
reserves
preferred
■
of
member of
a
income
net
taxes
Net
directors
of 'record
$29,124
■
Treasury
Delaware & Hudson RR. -Earnings-
share
23,267
principally land,
sales), $492,415; patents
deferred charges, $323,221:
"XX'-
$113,701;
(140
August—'. '
from railway____
Cudahy Packing" Co.—Pays Accrued Dividends—
1,218
*$302,745
1943
receivable, trade (less
etc., of $75,239), $2,148,572;
materials and supplies, $3,341,-
19,
production
Ended
♦Excluding
the country.
Its inspectors and expediters are in the plants of all
principal subcontractors.—V. 158, p. 574.
412,072
corp..--_.l.'..
of
Months
Net
i
■
of
•Outstanding
Earnings per
plants of the corporation now occupy more than a
feet Of floor space.
Existing plants have been enlarged
manufacturing
88,961
$357,596
S.
Jan.
Fralinger has been
Provision
part:"
company's'
the
More than
its
share
int.
U,
thereon
due
$2,078,064;
charge
Special
out
28,350
Dr2,038
;
income'
Net inc. before
(less
He has been
before
'
424,035
-
of
square
118,782
—
operations.,
$139,757);
interest
Consolidated
668.
payment in full of arrearages to May 1, 1943, payable Oct. 9 to holders
Non-operating
F,
in
6
$5,990,845 ' $6,473,622
XX
refrigerators, household
materials
six
various
21,082
depreciation
in
says
domestic
war
first
220.616
foreign exchange.
of
De jay Stores, Inc. (&
.
products of approximately 3,000
488,155
.
June 30,
accounts
assets,
notes
surplus,
duction.
306,763
•
Sheet,
and
discounts,
2,428,605
1,618,717
$3,850,455
Utilities
modernized
In
1,761,851
360,770
notes
Deerfield Packing Corp.—New Vice-President
$9,005,042
com.
one-third
started.
$3,094,410'
1,827,765
Nil
operations and discontinued divisions,
Balance
accounts,
satisfaction of claims
and
'
total
The
1941
-
$2,755,209
386,222
tax
;
for
536,416
000,000.
Earnings—
1943
■
expenses.
Fed.
other taxes
Provision
of
the
The
103,693
30,318
Total operating revenues........... $3,749,900
Expenses of operation
1,668,929
Maintenance and repairs
401,011
for U. S.
$8,468,625
820,743
principal plants in Cincinnati and Richmond,
and
million
6 Months Ended June 30—
Prov.
$9,297,103
404,676
corporation engages in the manufacture,
its
and
General
$5,312,064
438,665
Crosley's war' production, during the first six months of 1943, totaled
$39,096,949 as compared with $29,493,537 in all of 1942.
753,689
113,552
935,261
118,841
30,457
of
manufactured
taxes
(less
earned
1942, while, during 1942, the company manufactured 29 times as
much war production as in 1941.
•
5,
22,180
Commercial
<k
in
8,496,651
year
$92,953
26,440
income.
$1.26
tax savings notes, series C,
$851,550), $66,977; notes payable,
1944, of $300,000), $900,000; reserve
possible future inventory price declines and post-war
adjustments,
$500,000; capital stock ($1 par), $513,994; stock reserved for issuance
of-
-
sh. of
receivers,
In
981.
p.
308,480
$2.09
for
approximately 8,000 persons, all of whom are now engaged in the pro¬
1—' r."f1 •'•;•,
oper.
158,
of
accrued
4,810,335
Crosley car. •
1940
24,987
railway.!..;
railway
$652,312
308,480
$2,261,391;
doubtful
income
and
Crosley Corp.-»-Record War Production—
In
1941
3,039
from
Net
—V.
1942
$109,503
railway
''From' Jan.
:
Gross
amort,
Oklahoma
radio
Greenville Ry.- -Earnings—
&
1943
from
for
8,813,034
providing for preferred stock dividends.—V.
duction
Columbus
f$135,431
$1,077,281
$2.51
to termination
amortization
5,083,866
'.." $5,542,802
An official statement
A dividend
stock,
August—
151,234
$1,293,008
514,134
Gross
Mills, Inc.—Pays $L25 Dividend—
7,982
——
250,000
.
%
Columbia
28,425
250,000
total, $15,227,912.
Co,,'a wholly-owned subsidiary, has applied
to' the Securities and Exchange Commission for authority to sell to
Indian
Electric
Cooperative, Inc.,
an
eleGtric cooperative financed
through; the REA, #11 its electric properties located in the state of
Oklahoma
for a .base
price of:$237,000, subject to certain adjust¬
ments.—V. 158, p. 669.
;
27,618
32,623
—...
28,425
Liabilities—Accounts payable,' $1,007,096; accruals payable, includ¬
ing provision for refund resulting from renegotiation of war contracts,
$663,633; notes payable, banks, due Jan. 19, 1944, $300,000; provision
1943—12 Mos.—1942
Crescent Public Service Co.—Sub. to Sell to
The
43,858
■;
Net
r-V.
X'
$111,656
>
28,425
'
-1940
■
-70,878
-
40,357 X
-
1941
$137,660
•
74,992 '
'
Net
•
(less
2,909,455
; stock ji $2.57
1943
from
Net
.
_
tion at estimated realizable amount,
$99,348; property,
used in operations (less adjustments for
Wyoming Ry.- -Earnings-
.;,V August—
3,115
-
exp.
miscellaneous
6,191,277
•
incomfe ' J.
Net
•After
&
457,029
products,
principally receivables, $196,016; investments
$272,391;
property, plant and equipment
(less reserves for depreciation
subsequent to Dec. 31, 1935, and amor¬
tization of emergency plant facilities of
$3,037,413), $5,979,247; prop¬
erty, plant and equipment of discontinued division, held for liquida¬
and
'
158/ p. 981.
Colorado
140,699
612; other current assets,
$5,104,138
income..,
and
•Earns,
•Deficit.—V.
for
inventories
3,680,275
:,
premium on bonds..
1,604,612
Other
deductions—,87,736;
508,671"
641,199
'■
—
income
Interest
4,125,834
1,370,718
2,118,931
2,054,166-
expenses
income
Gross
2,586
6,434,569
396,406
28,425
________
Assets—Cash,
reserves
Allie
101,669
176,460 *
467,550
553,045
433,960
income
6,198,464
Other
1940
358,903
472,922
917,359
declines
price
•Attributable
$34,037,832 $31,159,463 $50,266,826 $46,058,886
19,054,955 --16,717,667
27,072,823
24,283,274
revs.-,.
Taxes-,
;$567,591
212,009
8,999,325
income
oper.
vX,'.-
and\
loss
1
144,186
&
taxes.
jJateni>cost--
for
Net
.
Depreciation
Operating
1941
462,570,
ry. oper, income..
From Januarv 1—
Net
Xt}"'
"
$972,647 :. ; $756,279
260,864
:
Net
Gross
.1942
$1,205,509
railway
railway
State
Dividends paid
$25,697,277 $23,627,570 $38,008,706 $35,088,621
7,687,552
6,917,567
11,272,915
10,122,875
653,003
585,326 '
985,205
847,390
—
revs.„
oper.
oper.
Operating
and Year to Date
1943 iX
:?{■.
Gross from
equip.—
Fed.,
income
Consolidated
1943—8 Mos.—1942
revs—.——
htg.
Total
Southern
Earnings for August
.
If enough
Ry. is controlled by the Chicago, Burling¬
Quincy RR., of which Mr. Budd is President. \V
ton &
74,056
•
plantiacilities..
banks
be
&
revs
oper.,
oper.
Steam
not obtained at that price, the balance of the avail¬
used to retire senior mortgage bonds at par."
are
able funds would
57,026
36,135
Earns, per sh. on cap. stk.
timore (& Subs.)—Earnings— :
of adjustment to approve the use of $1,400,000 Fort Worth &
Denver City Ry. funds to purchase Colorado & Southern bonds by in¬
of those bonds
for
invent,
Consolidated Gas, Electric Light & Power Co. of Bal¬
the plan
viting tenders of general mortgage bonds at 48 and interest.
;
_—!
not
)
ask
to
75,624
:
Approp. for- poss. future
further said:
reduction. ,%;■■■;
are
19,047
181,842
176,394
created
plant and
•Prov.
'
and its subsidiaries, Durham „Gas Co. and Jersey Shore
with the Securities and Exchange Commission Sept. 25
for Consolidated to turn over to the subsidiaries their
proposal
that earnings can be used for dividends rather than
so
219,001
.
31,084
depreciation
Amort, of
purchaser of the subsidiaries. Consolidated holds $800,000 of Durham's
gold bonds, due 1952, and $59,000 of Jersey Shore's 5 Va % first
mortgage gold bonds, due 1987.—V. 158, p. 1240.
<-
as
X-V-X V.:
not true that any dividend is in prospect on any class of Col¬
Southern stock.
It is not true that the plan of adjustment is
"It is
for
and bonds of
the stocks
Budd's
Mr.
charges..
period
for
•
foreign
„
in
vance
33,899
19,580
' -v
39,509
x-v
47,966
receivables
Prov.
filed
Co.,
ber.
branded
8,241
39,578
stock, fran-
possible losses
during
outstanding bonds" in order to facilitate the sale of the two properties.
Consummation of the sale was reported as being expected in Octo¬
Schram,
Emil
26,
for
on
increase of 29,152,846 or 13.23%-,—V. 158,
an
Company,
,
May Invite Tenders of General Mortgage Bonds—
Budd,
$777,123
etc.
SEC Gets Utility Plan—
50
1324.
a
Ralph
$1,521,047
$602,628
tLoss.
Colorado & Southern Ry.—No Dividend In Prospect—
President
174,499
$2,668,810
——$3,738,352
—
cap.
Prov.
proposal of the company and its subsidiary, Bluefield Gas Co.,
to
acquire and retire
all the $100,000 outstanding first mortgage
25-year, 5% gold bonds, due Oct. 1, 1937, of Bluefield (all owned
by Consolidated) has been approved by the Securities and Exchange
Commission.
The bonds
are
pledged by Consolidated to secure its
collateral trust gold
bonds.
1,
p.
179,142
Miscellaneous
871,629
The
to holders of record
this issue on July 1,
50 cents.—V.
28,
and Dec.
3
$1,341,905
245,632
income
chises,
,,
no
$2,423,178
1,409,293
Amort, of cost of emerg-
proved—
/V-.;
have
directors
5,801,259
weekly
Consolidated
Collyer Insulated Wire Co.—50-Cent Dividend—
the
$3,552,441
—185,911
$2,012,021
.
oper.,
depreciation
income
ency
2,403,994
7,224,998
1,042,187
Prov.
5,681,487
2,963,995
income—i
railway—_
oper.
$2,384,092
1,131,061
in
1940
$606,920
231,519
181,459
1941
$950,113
$3,554,238
1,214,642
—
kilowatt hour output of electric ene\gy of subsidiaries
of this corporation adjusted to show general busiiXess conditions of
territory
served for
the week ended Sept. 23,
1943 amounted
to
249,475,261 as compared with 220,322,415 for the corresponding week
January 1—
Net
698.13L
Weekly Output—
The
1942
$1,059,602
$4,767,083
8,805,486
profit fr. oper.,
before
Other
stock
of
corp. ',-Xr-X!
parent
•*\:V'.:;--.-
1943
$1,085,515
587,015
471,978
railway—..'
oper.
From
46,793,521
pfd.
on
7,906,944
11,721,916
48.094,784
divs.
before
inc.
1940
$10,817,503
10,862,090
Net profit from
18,110,001
11,721,918
1941
$14,416,329 $10,291,036
16,865,180
expenses
stk.
deductions—317,430
Net
($5 par) of common stock, including shares,
exchange of stock issued under prior capitaliza¬
August—
from
16,531,391
976,813
1942
$21,632,263
ri
before
depreciation
Selling, gen. and a^mln.
$419,283
$0.16
Ciinchfield RR.—Earnings—
Gross
1,382,123
976,813
(& Subs.)—Annual Report-
1943
—
sales..—
Interest
$190,380
158, p.
14,144,421
1,369,276
'
pfd.
on
of
Gross
13,318,599
3,718,835
sales
Cost
16,385,039
8,773,603
3,535,148
subsidiaries—-—
Other
share-
to complete
16,737,934
,
—
,
Dividends
the 1,240,042 shares
•On
required
4,168,976
—
prof, taxes
Interest
158,915
125,652
ap-
'
•Earnings per
taxes—
income
Gross
*
of
profit
excess
Years Ended June 30—
Net
32,363,408
—
Davison Chemical Corp.
Mos.->-1942
$
138,853
176,872
.
ob-
—62,687
ligations
plic.
32,440
.52,587
1,908,791
4,740,489
amort
income
Federal
»
Proportion applicable to
minority interests
Interest
Federal
1,047,200
1,950,900
376,800
803,000
__
1943—1&
$
15,633,453 205,480,026 183,851,329
5,902,908
75,981,384
71,516,230
1,842,732
23,528,913
21,693,519
7,206,665
expenses-—;
and
General, taxes:
.
.
17,391,093
revenue
Operating
tax
and
taxes
•
$1,764,251
$2,935,604
$567,303,
$1,108,654
etc.
normal
Fed.
Gross
minority
(& Subs.)—Earns.—
1943—Month—1942
Consol. net profit before
1345
&
There
were
to
70
by 30 firms.
The largest transaction
the smallest to 10 shares.—V. 158, p. 982.
purchases
11,400. shares;
S.
Dennison,
to _a
gotiation
then
and
certain
report
Sept.
on
the company's
and
was
states:
issued
we
-
and
subcontracts
\
recently received
full clearance £rom the
had
not
.
have submitted to the
the required data on the comparers 1942 mo.-
have
.
22, in a letter to st "cftholders,
1942 annual reian th^t
contracts
government
determined
the
authorities
ness
President,
statement in
of
been
"Since
Special selling commission to member firms is
60^ per share. The offering was completed in 15 minutes.
amounted
H.
refers
Manufacturing Co.—Renegotiation—
government
p-mdnpts * Al¬
Price Adjust¬
ment Board.
1
prices on govevnment b"sin'"ss were
considered fair and that profits were found to be reascnable.' No re¬
"This
means
that
the company's
fund, therefore, is required."—V. 158, p. 1130.
< -
THE COMMERCIAL & FINANCIAL CHRONIC
1346
■V
Denver & Rio Grande Western
Cross .from
Net
from
railway..^.
railway
Net
ry. oper. income—
Prom Jan. 1—
Gross
from
Net
from
Net
rv.
—v.
2,225,720
railway—46,646,233
20,840,749
income.,—.
158,
'
2,573,92 3
1941
$3*015,038
9 36,072
674,286
1,996,165
9,545,937
1130,
p.
.Under
*
Lock
1940
$2,563,7.37
6 5 6,767
318,401
: aa
and
Proposals
.
step
—V.
,
158, p. 982.
•
Gross
from
Net
from
Net
ry.
.,
income—
oper.
January 1—
from railway-
Net
ry.
'■Deficit.—V.
C.
•in
for
dissolution
the
of
three
of
.
tfte, transactions,
East
Coast Public
said
Service
Net
Pfd.
authority
the
to
operate
ten
war.
Sept. 23 applied
on
"The
duly
has been
agreement
domestic.
14
new
them
of
■',/ ""A
of
America
to
mail
passenger,
Latin
America
and
settlement
"The
31,. 1942,
in
affects
in
tax
1942
consolidated
the
annual report,
profit
oper.
and
in
and
the
within
24 hours
As
of
Depreciation
for
taxes
"
Investment
Cash
Provision
refund
of
Reduction in
net
Net
profit and loss
ended Dec.
follows;
for
1
Balance
for
taxes
to
dividend
4'/a%
on
6%
pfd.
excess
—V.
208,170
share
per
of
158, p. 982.
6%
'
:
•
Eastern Massachusetts
$48,830
"The consolidated net profit for the year ended Dec. 31, 1942, after
renegotiation adjustments as outlined herein, amounted to $458,812,
equal to $2.?2 a share on 206,250 shares of common stock outstanding."
—V. 158, p. 887.
V,:
V
:
Period End. Aug. 31—
$1,813,642
Gross
1943
from
Net
ry.
railway—'
1941
1940
$709,640
$637,873
$620,464
283,186
243,951
282,984
176,966
139,155
1943—Month—1942
preferred
stock
(no
Others
———————
305,252
186,667
2,408,270
6,375,417
5,527,347
from
Net
from
Net
ry.
—V.
railway:.—
170,628
86,673
6,054,918
4,875,444
,
railway—.—
3,004,550
income.—
1,696,935
oper.
158,
982.
p.
'■
2,341,419
:
2,025,259
rents,
1,480,524
;
Gross
from
Net
ry.
railway.:—
railway—"—
from
Net
From
"Gross
Net
Net
—V.
1941
$333,103
$352,259
ry.
oper.
158,
p.
175,346
196,496
146,272
Eastern
64,856
68,103
60,324
2,850,590
2,442,026
Operation
1,530,030
1,436,153
1,608,144
1,279,803
492,170
647,526
560,134
■
a.:a'v
Taxes
Months
Net
Ended
(inch
"Net
after
loss.—V.
^Dome
all
1943
:
*
—
1892.
p.
1942
$785,162
charges
151,
Non-oper.
30—
1.
profit
inc. taxes)
(&
•
$206,878
62,091
"17,850
■
■;-
"""A1
Interest
-
and
$602,093
..
Subs.)—Earnings—:
1%'A,
-1943—12 Mos.—1942
commission of 50 cents.
The issue
was
1,655,918
2,324,141
$153,107
V.
B.
over¬
G.
&
Applicable
Subscriptions were received
for
47,205
shares; allotments were made on a basis of 29.7%. There
were
165 purchases by 53 firms. The
largest allotment
2,200 shares and the smallest
1241.
p.
15
shares,
V.
—
$2,420,785
accrued,
$2,281,244
.
The
directors
the
common
like
amount
Nov.
on
on
Sept.
27
declared
158,
of
$5
common
40,655
38,321
183
490,143
439,316
$75,315;
20.233
'
$111,994
1
$1,600,474
August—
1942
on
$1,187,100
$6,549,902
$6,233,021
$5,146,483
77,652
■
columns
4,668,240
3,915,975
$1,092,059
The
1,102,695
3,209,779
2,522 330
of
June
30,
p.
158,
•
25,384,705
27,90^,496
23,032,381
13,885,249
18,078,500
15,464.101
16,501,648
10,148,310
5,234,771
4,385,370
10,627,849
6,984,655
income—
week
the
operating
of
week
Shore &
railway—.
railway——
■
Net
$445,543
$407,045
111,675
$361,315
141,429
$280 148
157,392
128,676
.
1940
83,511
117,880
p.
54*720
30*430
"
;
2,795,647
2,702.461
2,146,075
1 705 510
836,441
736,063
549,284
Power
'
•
&
&
Dunhill
392,328
539,808
'
982.
'
Electric
1943.
(est.)_
Earns, per shr. of cap.
Stock (par Si)
$58,415'
charges
the
six
and
amounted
to
and
1942
1941
$19,118
$0.45
.
Federal
income
"
$0.05
tion
At
Co.
(less
taxes
$280,000;
U.
S.
taxes.
:
months
ended June 30,
1943, the provision for Federal
profits taxes,
after deducting post-war credit
$87,256.—V. 156, p. 1047.
excess
stockholders
on
Sept.
with S. F. Bowser &
28
approved
the
consolidation
Co., Inc., of Fort Wayne, Ind.
of
this
$25,718;
Tax Series
contingencies,
$225,000;
$1,587,818;
$100), $900,000;
capital surplus,
$3,612,613.—V. 154, p. 428,
total,
Paso
has
(Del.)
Elec¬
Ya'
contracted
for
the
to sell
stock
common
of
El
Paso
price
a
is
the
time
present
El
of
to
election
an
approved-,
the
and
Co.
at
Paso
be
held
date
Engineers
Electric
Co.
the
of
vote
a
to
closing
qualified' voter's of
The
and
granted
Electric
Paso
an
City
owns
((Del.)
common
stock outstanding.
extension
until
/
Dec.
31
to
the
.'
"
a:
company
Co.
(Del.); within which they muset dispose of
businesses and sever their relationships with
some
of their subsidiary companies.
Both companies had asked for
an
extension of one year from Sept. 16, 1943,)
Although limiting the extension to Dec, 31, 1943, the. Commission
did, so without prejudice to the granting of subsequent extensions
certain
'{""
has
SEC
El
the
Oct. 9, 1943.
If the acquisi¬
set tentatively for Dec, 1, 1943.
all but 38 shares of the 58,282
on
is
SEC Grants Extension to Dee. 16—
Ebasco
were
■£, %"
Co.,
compared
as
&
properties
and
with
&
POwer
&
Light
Light
&
Light
for
a: ■„>'
'
1942
Amount
108,773
v 86,257
102,030.,. ,89,860
and
to
up
mtge,
the
found
appropriate,—V.
a"a
-
Pet.
Net .from
17.1
Net
26.1
12,170
13.5
.
1942
railway—5,521,452
;
Net
Income—
oper.
1,518,916
'"cOmeUiii-
oper:
158,
p. ,888.
1940
$9,662,215
3,445,502
$7,679,709
2,370,015
2,079,425
1,441,367
68,785,759,
23,853,723
14,383,082
r
54,693,042
.;
from
rv.
1941
4,389,477
2,493,426
railway..." 104.412T99
from railway...-.!.. -41,329,481
Net
com¬
.
ry.
x
1943
railway—.. $13,947,331 $11,615,480
From January 1—
Gross
158,
■
86,672,909
30,821,709
15,563,089
13,747,118
a"
a
.
'
,
"
.
14,617,528
7,649,979
'
Edwards House Co., Jackson, Miss.—Tenders—
Jackson-State
receive
1st
be
RR.—Earnings—
—V.
in
later
'-v/;•
from
27,823
"
.
.
(The)
may
as
August—
Gross
22,516
163,175
190,998
Co.u—
CorpA_—
Co.——
periods
;
Erie
A
—Increase—
1943
additional
1277.
p.
—Thousands of Kilowatt-Hours—
•
' a.
Power
.
Light .Corp. and
the corresponding
follows:
as
v.
•a
bonds
sinking
to
National
incl.
an
Bank,
Oct.
amount
trustee,
bids
sufficient to
1943,
1,
fund.
•
Jackson,
'
A
Excess Insurance Co. of America—New Director—
offered
Miss.,
for the sale to it of
exhaust, $20,000 held
"
•
The
election
company
Crucible
was
Steel
of
Frederick
announced
Co.
of
on
B,
Hufnagel
Sept.
America
29.
since
as
He
a
has
and
1926
director
of
the
above
been President of the
Chairman
of
the
Board
since
'
$0.11
pay¬
commissions
taxes,
Treasury Notes,
for
reserve
accounts
and
income
City—
Service
Paso
shares
.
above figures do not include the system inputs of any
panies not -appearing in both periods.—V- 158,, p. 1242.,
•
August—
Gross
Net
Net
ry.
Gross
Net
—V.
railway..
railway-
oper.
income.
Jan.
$2,559,577
$2,935,381
682,117
1,193,909
-
1941
,
•
1940
—V.
from
158,
p.
income.
183,465
.241,514
22,170,248
19,161,514
13,496,238
5,935,125
8,335,196
8,520;911
4,627,103
the
2,724,585
A
similar
983.
,
p-
1952-
1,161,511
.
1,864,855
4,767,674
361.
'
21,697,958
'
$2,025,622
856,112
Falstaff Brewing
499,964
The
railway..
railway-
oper.
155, p.
*
$2,669,877
1,278,418
736,942
1—
from
Net ry.
1942
1943
from
from
1937,.
He is also Chairman of the Board of the Toledo
Ship¬
a director and Vice-President of the Great Lakes Steam¬
ship Co., Inc., and a director of the American Iron and Steel Institute.
building Co.,
Elgin Joliet & Eastern Ry.- -Earnings—
From
Concern
Ei
of
'
$15 057
.
Eagle Lock Co., Terryville,
Conn—Merger Approved
The
1943,
The
■
1940
$6,353
$0.15
r
—
For
income
other
wages
than
.
30.
1943, the System inputs of client
Services Inc., which are subsidiaries
'
Power
National
to
International, Inc. (& Subs.)—Earnings—
profit
'lATfor
State
$375,000),
$100,883;
$104,347;
other
accrued,
5%
cumulative
participating stock
(par
stock
(49,713
shares,
no
par),
$192,495;
company
Public
June
23.
Operating Subsidiaries of—
182 463
641,008
6 Mos. End. June 30—
income
'
Light5 Co.,'Electric..'Power,
Light
■
American
The
"Net
ended
325 671
railway—.—
ry. oper. income—
158,
1242.
,
1941
fi-om
—V.
85,
Sept.
of
Power
during 1942
■
Ry.—Earnings-
1942
income—
oper.
From January 1—
Gross from railway—
Net.
Atlantic
1943
from
ry.
months
Inc.—Weekly Input—
ended
companies
American
National
982.
August—
from
employees'
capital assets
of $6,947,000 with adjustments for net,
current assets and other changes to the date of
closing. The contract
as
signed is subject to the approval of the directors of Engineers
.
pp.
v
U, S. Treasury bonds,
$1,051,044;
•
For
.
Services
-
Net
(net),
payable,
accounts,
taxes
earned surplus,
Electric
months of this year and the balance
which appeared under this heading in last
have been published under "Easy Washing
1943,
should
Corp.'V-V.
Ebasco
■
Net
last
hand, $278,074;
on
receivable
accounts
officers'
Co. to
tric
for the first six
earnings
as
Machine
3,253 469
1,726,331
Duluth South
Gross
in
and
accounts
J913
Engineers Public Service Co.—To Sell El
17,383
$1,500,406
$4,434,858
4,607,973
oper.
158,
these
six
banks
April 30,
(Del.)—City to Purchase Control
Engineers Public Service Co.—V. 158, p. 1131.
22,416
—
Easy Washing Machine Co., Ltd.—Correction—
1940
income—
January J—
Gross from railway—
Net from railway
—V.
in
week's "Chronicle,"
railway—
railway-—_
oper.
r.V.
A,
;
the
in
Sheet,
"
-
a
for
$187,650
El Paso Electric Co.
"Easy
sheet
1941
Prom
Net
surplus-
14,054,
Washing Machine Co.. Ltd.," should have been given under
Washing Machine Corp."—V. 156, p. .2222; V. 158,-p.- 1242. ; ;
A
Ry—Earnings-
1943
from
from
rv.
and
class
"Easy
The
Net
C,
756,400
week's-."Chronicle"; under
payable Nov. 22 to holders of record Nov. 8. ' A
was
paid on Nov. 21, last year, on Nov. 21,
1941, and
1940.—V. 157, p. 1556.
r
20,
Net
to
74,828
and
760,770
interest—.
statement
521,783
——
stock,
Duluth Missabe & Iron Range
Gross
982.
income
published
share
per
p.
debt
100,000
Federal
Easy Washing Machine Corp.—Correction—
The
dividend
a
--V.
$55,000
contingencies.:
$86,744;
61.800
A..:^.,.—%
U.
129,687
deducting
$287,650
$34,294;
115,626
;. 77.652
minority
taxes.
after
operation?*...
Liabilities—Trade
$2,396,870
E.
to
Applicable to E.
158,
Douglas Aircraft Co., Inc.—To Pay $5 Dividend—
Income
tax,
credit
$125,000;.
450,835
deductions:
10.207
$944,545
——
inventory, $1,236,496; investments, $7,800;
(less reserve for depreciation and amortization of $447,631), $372,570;
goodwill, $520,085; deferred charges, $21,459; total, $3,612,613.
477,416
subscribed.
was
State
transferred
—See
dividend
:
accounts, $85;
5,693,549
459,259
102,835
-1—. $100,335
Balance
Preferred
by Carl M. Loeb, Rhoades & Co., and Shields &
a
and
profits
Assets—Cash
6,521,995
3,947
$934,338
Dividends
$2,871,620
•
1913
lor
Profit
$502,066
59,191
—
80,
..
63.260
amort—
April
for depreciation-
from
$212,293
accrls.
res.
Ended
5.425
excess
Provision
—
37,627
■
Year
deducting $43,265
'—....
Federal
25,277
(net)—
deductions.
Misc.
Mines, Ltd.—A special, offering of 14,000 shares
(no par) was made Sept. 24 at $241/2 per
Co. with
f(fr
Account
after
—
retirement
of capital stock
share
Manufacturing Co.—Earnings—
charges
$208,197
Retirement
-:
.
inc.
Balance
548,883,343 550,487,212
■'■'
601,269
$182,921
61,883,329
1131.
Normal
$894,838 $11,057,957 $10,776,351
'
143,708
revs!——
oper.
17,306
59,482,230
income
Profit
'
43,585v,
4,893,982
320,089,320 319,771,247
income
Total
259,896
1943—Month—1942
——
2,443,116
.
780,360
$38,396
532%i8
—
200
110.736
1,930,007
4,893,982
surplus)..
:
A
June
—
capital
surplus
able,
Differential Wheel Corp.—Earnings—
6
from
surplus
158, p.
f
3,518,065
;
.......i.
—
credits
Federal
229,038
.
$90.M52
revenues
—
■'vv.."'-"..a.'
-Net
Sales
'
26,251,788
200
1.922.617
...
(appropriated
Income
■
601,958
a "a" a"a: a,,a
Utilities Associates
Maintenance
a
Av
31,253
$77,700
,
Period Ended Aug. 31—
2,766,846
560,784
-taxes
Reserves
v:
losses
27,000.000
106.185,500
60,741
Operating profit,
$1,542,322
Aa
99,659
•
26,939,700
105,724,700
v
—
Deferred
29,696
$1,553,089
120,000
1130.
50,605
income—_
982. "a"'
^
re-
prov.
retirem't
158, p.
.2,846,538
—
$169,308
69,124
'before
inc.
200
112.899
$1,512,626
32,215"
■■sA."a
27,930
post-war
Operating
railway
$174,754
9,224
104,105
....
Balance
$279,107
142,959
railway—
inc.,
598,667
10,006
par); 26,251,788
1940
January 1—
from
from
—V,
1942
$306,953
income."
oper.
Net
RR.—Earnings—
1943
3,429
etc.
for
•for
Detroit & Toledo Shore Line
August—
3,846
$1,520,874
adjustmehts
,'
..
$165,879
Depreciation
Prov.
2,249,661
1.267,068
J
.
3,271,605
$170,908
debt,
6,034.129
companies
Earned
1,270,475
From January 1—
'Gross
($5
declared
4,159,237
funded
..
543,227
,
.....
$6,942,338
5,292,57*2
corporate
'
1942
7,390,829
par)
stock
Elder
$9,221,716
692,957
on
'•
548,883,343 550,487,212
pari:
1943—8 Mos.—1942
/
$1,045,503
Gross
:
"'A
Total'
657,941
Int.
securs.
•
(no
Other
171,865
income.—
oper.
r
.
Ry.—Earnings—
$1,134,101
income—,..
of
200
charges
Dividends
$4.44
revenues,
$486,645
railway—.-
from
Net
1942
ctost
a
,:''i
30
——————
stock
Other
August—
sales
523,146,244 526,507,822
17,688,732
17,224,271
'
preferred
;
expenses,
—_
takes
on
Accounts payable:
$1,660,978
operating
Profit
at
•'.J
advances..,
——
Accrued
operating
Other
June
current, assets....:
Common
'
'
Ry.
Detroit Toledo & Ironton RR.—Earnings-
and
$6
$1,108,729
•
stock
•••?■".'.
demand......
Liabilities—,
$2,769,707
1,108,729.
stock
Street
Sheet,
companies
Associate
Ry.
Taxes
Balance
";i
$5
—V.
profit—
preferred
Total
2,503,011
preferred stock—$4.85
.
$5
cash investments—short-term
Others
600,000
stk
before
dividends..-...——.
on
its
:;',:a!1943
securities
Associate
a. 593,815
require. —$2,922,371
prior pfd.
of
;■!
banks—on
Capital
Earned
23,130
available
State
$257,000
available
requirements
and
.
Accrued interest receivable:
1942.,
579,296
expense—
contingencies
income
Dividend
before
——_
in
Temporary
4,917,873
and
7,998,205
accruals
of these purchases,
to date, the annual pre¬
requirements have been reduced by $308,300..
Comparative
'•''
5,140,506
...——l—2,389,350
discount
shares
result
$16,803,908 $15,924,912
—4,801,016
depletion——.....A—5,511,875
and
Interest
Debt
$231,300
..."
12,100
dividend
Assets—
Deferred
1943
income————
income
7,695,442
tax
these purchases did not commence until after the
period covered
by this quarterly report, their effect is not reflected therein.
• a:.:'..:
Associates—Earnings—
12 Months Ended Aug. 31—
Provision
income
attributable to tax losses
in
a
stock
Other
Total"consolidated
1,930,007
Federal
of $452,000
Since
propose to develop to the limit in both our domestic and in¬
ternational operations all forms of traffic, in all types of service, from
or
so-called feeder service to the fast international
express," he
added.—V. 158, p. 1131.
Eastern Gas & Fuel
1,922,617 -V
decrease
a
and
ferred
less travel time of each
or
applic.
adjustments, of
$914,993.
1
Caribbean
$1,270,339
$5;621.374
$6,820,037
' :
a'a. A-;', 1
-.a.
;:,a' 'a Av: a-::"/a' -"A' ■*':
„■AA a.
,
local
year
—
tax—.
post-war
as
profit
—
excess-profits
reduction
profits
the
profit,
gross
income
on
Reduction
Less
submitted in
as
Reduction
taxes
indicated
of Detroit Steel Corp. and subsidiary for the
597,540
$1,298,333
whether A
investments
Revenue, $231,300; cash payment, $25,700; total, $257,000.
summary
555,789
undeclared
$3,284,930
:
through the operation of expedited- trunk line air service, using
DC-4s, Constellations, or other equipment of comparable comfort and
performance chafacteristics.
the corporation.
When and if the 'agreement is accepted by the United
States, settlement will be made as follows: Reduction of Federal ex¬
cess
profits taxes for the year 1942, as determined by the Bureau of
Internal
342,793
212,753
Note—Up to Sept. 15, 1943; the company had expended $4,199,923
of the $15,000,000
authorized by
the SEC on July 2, 1943, in the
purchase of 41,300 shares of its $6 preferred stock at a cost of)
and. the
Canada
divs.
or
account
"We
behalf
$9,776,667
*2,016,297
229,851
a.
cargo1, services
and
balance—
other,
47,601
on
2,435,861
70,848
■
non-system companies.
Net excess of ledger value
of these investments
(already written down in 1941,) over proceeds of
such -sales was charged to earned
surplus.
y':c '';Av.;,V .A.;!'
-V. AAA \ y ,/a/AA."""'' ''AaA"AAAAAA.
President and General Manager, in a letter to
Rickenbacker,
£
delivered
$8,842,875
' ,-698,147
156,542
taxes__
periods,
ihto
the Civil Aeronautics Board
to
stock
'•'Includes
it
divested
corporation
Eddie
renegotiation proceedings conducted by the War
Department, Detroit Ordnance District, Price Adjustment Section, and
pursuant to specific authorization by the board of directors, the cor¬
poration and its wholly-owned subsidiary, Craine-Schrage Steel Co.,
have agreed to refund to the U. S. Government an aggregate of $257,1942.
executed and
$2,252,087
612,221
71,165
income
to
Board, said that "what Aye propose for international service is to
bring the people in the great cities in North America, Central, South
103,786
31,
2,582,872
81,392
$2,138,301
income
declared
with
for the fiscal year ended Dec.
56,327
expenseS!w,_^:r«,
,
connection
"In
1,868,996
10,850
taxes
Other
subsidiaries—Tide¬
the
.v 'A;1
513,507
said:
000
be
after
the shareholders,
in a-letter to
for
Service
result
a
others
to" Government—
Schrage, President, Sept. 25,
provides
.Eastern Air Lines, Inc.—14 New Routes Proposed—
1940
$88,468
31,271
23,096
.
$7,112,403
469,884
45,131
Other
of
all of its assets
except cash and would be
position to file an application with the SEC for an order .declar¬
it has ceased to be a holding company.—V. 158, p. 574. *j ■
a
ing
158, p. 982.
Detroit Steel Corp.—Refund
W.
$72,956
10,219
2,299
A":
500,196
75,150
16,439
160,142
102,338
,a
a;;-'.v
1941
,
610,878
82,427
4,421
—
income--—.
oper.
.
657,789
from' railway
Net
1942
$99,507
40,816
32,772
$6,917,552
460,115
income
Federal
.
plan
The
-^^A"''.v."'-.)1''1:;"AAa
Prom
Gross
1943:
$75,619
*3,424
*10,131
railway-
railway...."
As
Ry.—Earnings—
a,;aa;:;
a
august—
$1,771,353
income
Gross
company .to simplify jts ;corporate structure as, sa
ceasing .to be. a holding company were filed with the
Exchange Commission Sept, 25.
';/■
i
1943—12 Mos.—1942
$1,663,055
;
Filed
and
Electric
would
-
•
^
Detroit & Mackinac
Service Co.—Corporate Plan
Co.f East Coast Ice. Co.,. Inc., and Northwest •
Carolina Utilities Con Inc.
The two other v subsidiaries, East Coast,
Telephone, Inc., and Virginia"East Coast Utilities Inc., would be
recapitalized, with the result
thjit the securities of the two remain¬
ing operating companies would be in the hands of the public.
1943
1942
Aa .1941
1940
railway
$281,733
$254,968
$237,861
$225,217
railway
77,807
92,692
83,406
84,058
Net ry. oper. income
75,509
118,770
105,400
104,787
Prom January l— ",7A
AA-":1 •
A" .''"A:,via'
Gross from railway-2,035,322
1,668,207
1,359,055
1,348,149
Net from railway.—-J
.564,834
412,570
217,995
273,671
Net rv. oper. income—
638.189
605,637
406,880
453,924
from
Other
Public
Co.—Earnings—
1943—3 Mos.—1942
Interest
a
■
by .the
toward
The
from
Net
158, p. 1130.
Coast
Securities
August—
Gross
Electric Bond & Share
Period End. June 30—
common
.
Ry.—Earnings—
Salt Lake
&
President, H., Lea Murphy. said, Eagle
par value of '20-year 5%
debenture
stock for each share, of Eagle
share of Bowser
Dividends
East
water
Denver
agreement,
merger
one
stock held.—V.
y.'Si::/- '■
.
the
stockholders will receive $25
bonds
15,907,742
2,437,570
240,990
18,267,358
3,304,579
1,473,153
31,243,139
11,762,696
railway.,i__
oper.
RR.—Earnings—
1942
$5,365,563
1943
$6,486,351
2,953,632
1,701,970
August—
Monday, October 4, 1943
share
directors
and
the
common
have
regular
stock,
extra
both
Corp.—Extra Distribution—
declared
an
extra
dividend
of
15
cenfe
per
quarterly dividend of 15 cents per shar?"
payable Nov. 29 to holders of record Nov,
dividend
was
paid
on
Dec.
21,
last
year,—V.
;
on
15,
156
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
158
1347
•'
I
___
Mnade and tested and-the company now has completed
Co.—Earnings-
Faultless Rubber
•
of
1942
prof. bef. deprec. '.
$626,452
Depreciation _—/J- /'
- t."/
Other
income'•' (net)Br48,751
Prov, for Fed. inc. taxes
87,000
Excess profits tax
/ '-.1 $371,700
Dividends
'
'Earns.-
per
share
on
65,450 shares common
stock
47,481
Cr572
President,
■
Cr4,602
:'
$137,621
' 98,175
■••'•••/••/
:
.
$1.99
$1.82
.////.:,,);.,y
(less
/'
$2.10
and
the
6,
'.f
.
V"
'
;//
-
preferred
stock
;///' ;n,/-,'-/•/'/'// /
of
as
//,//
.
Net1 from
Net
..://'; ;<
v
from
Net
ry.- oper.
—V.
420,009
134,463
312,112
379,427
118,944
80,386
73,455
income/
5,640,542
3,326,887
2,414,463
907,046
2,149,006
792,603
$1
of
share
per
the
of
dividend
10
cents
per
$210,640
$196,334
$1,359,360
been
way & struct.
44,883
38,362
325,382
284,634
equipment—!.
-///. —A/ _'
19,279
21,388
169,664
157,402
10,851
10,098
79,617
80,023
58,625
53,934
422,085/
7,089
5,429
51,851
oper.
$69,914
$67,123
accruals, regul.
Ry.7 tax accruals, Fed.
RR. Taxing Act 1937
Ry.
tax
accruals, Fed.
4,722
4,804
2,539
——
'
expenses—
393,385
$236,777
V.
37,667
June 26,'43
Quarter Ended:
Net
;//■.
2,239
19,300
17,072
2,344
2,239
17,815
17,072
income-
$60,310
$57,841
9,506
10,359
on
-J.Z.:z' t;.'
249,755
taxes.__—
"326.000
*326,000
taxes.......
1189,953
1581,262
Net ry.
Definitive
able
outstanding temporary
for
debentures.—V.
2,063
15,894
15,653
income. /
$48,809.
$45,419
$177,562
$97,843
2,223
4,598
8,869
$47,642
$182,160
$106,712
inc.—
3.696
2,666
Surplus applic. to int.
$49,020
$47,319
$178,464
$104,046
income
from
;;•// '•//;
-V,
;/;/v.'V'V\,/v\
1943
1941
:
$1,794,823
815,565
21,197
The directors
ry.
740,468
*56,245
/ '
Gross from railway—
22,921,400
Net from railway.
12,151,505
12,493,906
8,060,470
158,
2,284,109
1,203,025
788,834
Florida Power & Light Co.—Earnings—
1943—Month—1942
Period Ended Aug. 31—
revenues..-.
Federal
Other
671,931
136,895
taxes
retire,
Net
fr.
of
lease
(r.et)
$429,140
revenues-
oper.
Rent
•/' 175,000
175,000
2.100,000
»
V.
"•;■/!—-//
$429,140
/
Gross
Net
income
iividends
9,885
$432,306
359,835
$6,681,198
4,278,279
$2,402,919
applicable
$1,458,400
1,153,008
1.153,008
preferred
to
stocks///;/-/;
the
trust
$1.50
certificates
15
Oct.
of
last,
1269.
p.
has
been
common
stock,
This
15,
6.
declared
no
par
compares
■'/:
■.
,
■
158,
p.
share.
1942
to
20
July
Oct.
cents
per
on
—
*$109,708
Nil
Sept.
1943
—.———
common
/
$165,918
$1.39
share—/——z.
$103,662
-
$0.69
//
1.942 these taxes aggregated
Aircraft
Corp.,
of
$374,750.—V. 157, p. 2041.
Astoria, N. Y.—Signs
the railroad field:
'
Within
six
months
the
Corp.
first
per
entered
of
a
states
no
The
shareholders
share
has
directors
declared
been
on
account of
offer
discretion
have
considered
carefully
the
into consideration are all individually'
has
company
that
The
its
at
acceptance.
they
may
be
may
also
propose
from
accepted
time
until
time
to
by several
offer now
been advised
to accept the
Oct. 20, but Harding
extend the time for
/■';;,//
,//,.
/
liability of Guelph Carpet consists of common stock of
value of which 35,000 shares were outstanding at Sept. 30, 1942.
preferred stock was called for redemption Jan, 10, 1941, and
capital
par
$483,000 was outstanding at Sept.
August— / /
'Gross
from
Net
20-year'serial notes of which
156, p. 2224,
1942,-r-V.
30,
Net
ry.
1943
-
;
railway—/
/'
1940
$1,635,524
4ifi,540
192,441
1941
1942
$3,179,049
$3,167,973
railway1.234,163
from
1,352.759
income—
oper.
From January 1—
ry.
400,772
9.943,577
15,238,208
12,061,364
5,083,031
2,513,479
2,464,014 /
698,916
20,532,954
7,645,130
3.350,323
3,266,435
25,567,157
oper.
$2,144,032
792.334
547,809
388;840
://'./ '■•/!//--
.
from
railway
from railway
..///// •;'.
;;
Gulf Oil Corp.—Purchases Wells—
record
"Fairway" of the East
paid $123,785 a well to tha
oil;producers, in Lathrop district
of Gregg County, Tex,, according to a Fort Worth (Tex.) press dis¬
patch.
The total purchase price for the seven wells, located on a 26.12
acre
tract, was said to be $886,500.
It is reported that all the wells
are flowing with a gross daily allowable of 161,25 barrels of oil.—V. 158,
-p. 486.
::
//:''.// /-" '/,-/■.,:/'. '
; '
/ -//
'
-/':
i
A
new
Texas field
Ted
price
oil
for
sqt when
was
producers in the
this corporation
interests
Schroeder
8.
for
seven
Ship Island RR.—Earnings-
Net
from
ry.
but
excess
1942
1941
$180,396
$211,749
$152,029
16,426
57,517
44,560
*
*17,385
27,034
14,442
*40,344
1,687,489
1,511,534
1,126,949
94,816
430,021
277,833
13,904
* 195,840
172,494
45,612
5188,075
'
income
oper.
Gross
Net
.
*
from
railway
railway-/-—
oper. income— -
from
Net
ry.
Deficit.—V.
/•-
$502,029
181,094
$688,732
356,66*3
.
See
1940
1941
$2,398,616
634,768
/ V
.
971,610
399,147
■
761,768
.755,131
467,682
19,550,000
20,297,264
6,634,400
486. ',/■
3,181,531
■
4,549,773
./'. /;/. .■■;/;;/'//
Northern
Paper
Co.—Secondary
-
//:;:/,-//',:
NASD
value
Sept.
year.—V.
_
Ont.—Makes Offer
Worsted
.
Spinning
Mills, Ltd.,
declared
to
155,
p.
dividend
above,—V.
157,
of
dividend
of
cents
10
cents
15
per
per
share
on
payable Oct. 29 to holcters
distributions were made on Decl/31,
stock,
Similar
28.
extra
an
regular
a
common
both
/
1512.
Rensselaer W. Clark, President, in a statement,to
part:
'■-•■-/
/
12
the
"For
months
.
ended
Sept.
1942
30,
stockholders,tetated
/-'. //.'•'/".•
(the
/."■■
fiscal
corporation's
the total net sales were $5,809,384/ The net income for the
same 12 months, before Federal income taxes/was $224,726
(no U. S.
income
taxes were paid because of the
net loss carry-over for the
year)
" /■-/■,
year)., ',/; •/ •'■ -/
10-month period
the
"In
sales' were
net
a
little
the entire fiscal year
over
from
31;
1943,
the
1,
1942
as
great as the total sales for
The net income for the same period) before
1942.
before
to
July
Oct.
times
three
increased in
:./'■/
approximately
$618,000.
As of July 31, 1943, the net working capital was approxi¬
mately $2,750,000 of which $1,257,000 was in cash.
This amount is
equivalent, to. approximately $3.14 per share for the outstanding com¬
taxes
Federal
a
much
and
Sept.
stock."—V.
mon
renegotiation
proportion.
30, 1942, the: net
larger
of
"As
through operation of the sinking fund.
Payment will be made at the National Cit-v Bank of New York, trustee,
22. William Street,/New; York,' N. Y.—V. 156, p. 1238.
"•
/--/; ./■:/•-
Hayes Manufacturing Corp.—Report to Stockholders—
Offering—A
to
have
addition
par
record
in
16,055,454
3/708,235
2,049,492
762,977
Guelph Concern—
Carpet &
directors
in
no
last
$1,969,490
456,534
241,991
"V.'-/'."-";:
4,902,762
12,022
Hart Battery Co., Ltd.—Extra Distribution—,
The
of
1942
$2,808,000
/■/■":/ "Zv/
984.
p.
Carpets, Ltd., Brantford,
Guelph
share
;" 1943
$2,850,000
$82,617
164.
p
$332,069
,
"
158,
for Stock of
/
bef.
profits taxes—
1940
1943
railway—/.
railway--—
August.—
Gross from
1942
1943
,
charges
158,
adjustment,
working
has
capital, was
672.
p.
Hercules Powder Co., Inc.—New Ap^oinmient—
.
Green
The
company
announced-on
Sept,
24
the
appointment
of G. .'-Fred-
1034.
Hogg ..as Sales Director of its Naval Stores Department.—v\ 158, p.
...
Bay & Western RIt.—Earnings-
August—
Gross
' - ,-: /" ' .'
railway/--/';
from
from
ry.
railway.,-—:
the
number
field in May, 1942.
of large cargo gliders was
glider
1943
76,733
income
oper.
"
'". 1940
1942
1941
$199,583
$168,779
$145,003
53,691
•
$285,225
125,458
51,949
43,251
23,461
20,448
20,470
1,496,162
1,310,698
1,107,954
461,751
417,998
294,899
224,943
201,799
139,220
From January 1—
from
Gross
railway
railway—/___
Net
from
Net
ry: oper.
158,
p.
1,854,661
721,369 '
456,648
income—
984.
(Charles E.) Hires Co.—Special Offering—Smith, Bar¬
The
stock,
share
per
the
on
par
declared
a
dividend
of
$1
per
share
on
the
value, and the usual quarterly dividend of $1.50
the
6Z?
of, record
common
tions
no
Common Dividend—
preferred stock, par $100, both payable Oct. 1
Sept. 20. The only other payment this year on
stock was one of 50 cents per share on June 15.
Distribu¬
on
holders
Oct.
Co., Boston—$1
directors-recently
common
'to
Green
the,common
stock
in
1942
I', $1, and Dec., £2, $3.50.—V.
were
as
follows:
156, p. 2223.
March
2,
$1.40;
made a special offering Sept. 23 of 4,090 shares
at $22,625 per share, less a
ney &rGo.
commoii^stock (par $1)
of
Offered at 10:58 a.m., the issue
commission of 75 cents.
oversubscribed.
was
■
-
'
'
'
■
shares and allotments were made on a
basis of 47.1'i/
There were 46 purchases by 25 member firms.
Largest
allotment was for 615 shares and the smallest was for 45
shares,
Bids were received
—V.
Con¬
corporation on Sept. 22 announced the signing of a new. con¬
the War Department forpconstruction of additional gliders
in-an amount exceeding $10,000,000s Y1* the capital stock of General
Aircraft was purchased recently by Alleghany Corp., a holding company
Aircraft
cents
There: have/been/called for/redemption as of Nov. 1, 1943, a total
$6,000 of first; refunding mortgage 5'/<- gold bonds extended to Nov.
Net
with
General
50
1, /1949, ;at -102 /and, interest^
This
The
of
Subs.)'—Earnings—
.
all
'
,
(Daniel)
whose major interests are in
$2.50'on Jan.'15,
of
one
From January 1—
30 to holders of record
March 31
and June
from
V. 158, p.
tract—
tract
on
railway—— ; 23,436,000
from railv/ay
6,977,507
ry. oper. income
4,472,399
—V.
General
and
com¬
"Great South Bay Water Co.—Bonds Called—
/
for the quarter ended Aug. 31,
1943, amounted to $592,192. . No allawonce has been made, the report
states, for anv post-war credit for excess profits taxes.
For the same
quarter of
dividend
a
paid
$25): at $34.50 per share.
Concession
members is $1 a share —V. 158, p. 671.
1942
including income and excess profits taxes.
Note—Income and excess profits taxes
July 15, last, as compared
on
1943,
Minority Stockholders—
same.
made.
Carpet
Net
$320,935
oper./income
Net
*After all charges
quarterly
stock,
common
Sept.: 30.
.
'
income
per
tfie
v
(par
.
*Net
15,
per
income.__
—V; 158, p. 1278.
syndicate headed by Blyth &„ Co., Inc., on Sept. 23 made
a
secondary offering of 6,000 shares of common stock
15, last/ Payments in 1942 were as follows: April 15, July 15 and
15, 20 cents each; and Dec. 22, 30 cents.—V. 158, p. 1033;/- i *
Earnings
&
railway—..
Great
share on
Gamewell Co.—Earnings—
regular
the
on
record
I'U
President,
the
preceding
*73,708
36,000
390.
Quarter Ended Aug. 31—
after
income
.
from
ry.
Net
$4,482,600
22 declared ,a quarterly dividend (No. 39)
the common stock, par $2, payable Get. 15
holders of record Sept. 30.
Like amounts were paid on April 15 and
directors
The
declared
payable Sept,
Front January 1—
"Fundamental Investors, Inc.—20-Cent Distribution—
.
of
of
(Ont.) Carpet & Worsted Spinning Mills, Ltd.
Gulf &
..
$4.12
Net
*Loss.—V.
recently
stock,
.front; railway/-//
Net
Net
130,876
36,000
the
and
holders
cumulative preferred stock, payable Octj 15
Sept. 30.
A similar distribution was made on
15 and July 15, last, and on April 15, 1942.—
April
Net
Co.—50-Cent Distribution—
Mfg.
158, p. 191.
Gross
$94,876
Earnings per preferred
:
8.
■/./-;-;//-/"
bonds,
mortgage
profit.
August—
Net
P-'V-
■
profit
in
1362.
substantial
the
"
(& Subs.)—Earnings—
after charges, Federal-,"
-.
income taxes but before contingencies
Reserve for contingencies—
net
Oct.
record
Payments during
25 cents each;
,
amounts .-' were
Fed.
for
Gross
1942, and $1 on April 15, 1942.—
July '31—:'//. ""//'V
X:-:',;/, 1943
—$5,276,100
Sales
earnings
889.
p.
Co. of Canada, Ltcl.—50-Cent Div.-
cents
the
record
on
accepting
15,
Grand Trunk Western RR.- -Earnings—
the voting
value, payable
with $1 paid
6 Months Ended
of
Quarmby,
the
':;■.///■.-///;
a
The stockholders of this company are in receipt of an offer from
Harding Carpets, Ltd., of $20.50 per share for their shares.
In October,
1941, Harding Carpets acquired control of the Guelph company and the
offer is how being made for the Guelph shares in the* hands of the
public.' ;-/
//:/;''/'.;////,,-'//
-/"/■";■ ,, '/ '■-.
V
/
In
forwarding the offer to
shareholders
of
Guelph Carpet, H.
Gross
/
$305,392
on
■://':;/;'''//
Franklin Simon & Co.
Consolidated
of
last.
;/": taxes
'
;
16,
and Oct.
Dividend—
Oct,
recc/rd
of
$1.50 on Oct.
April 8,
157,
on
share
per
representing
holders
to
-
Months Ended Aug .31—
Net
49 West 37th Street Corp.—$1.50
dividend
holders
to
first
of
with
(IL W.) Gossard Co. (&
9
-V.
A
"
Consolidated, earns,
983.
p.
issue
registered
,
common
■-Like
Prov.
158,
50
on
Harding
4,223,496
$1,249,911
Balance-V.
of
Guelph
$5,681,896
$72,471
1426.'
The/directors
date.
34,976
$430,234
i
deducts..
etc.,
\
$70,606
income
Interest,
$6,671,313
$431,066
1,240
.1,094
net-
income,
18
April 20 and July
share
the same
30, last.
Payments in 1942 were as -follows: March 31, June 30 and Sept. 30,
50 cents each;
and Dec: 21, Sl.—V. ; 157, p.• 2449; ■..///'/;//,///-/ ///,/
565
$5,646,920
359,628
Operating income IxJ.
payable Oct.
on
outstanding
24
Goodman
on
Other
paid
follows:
Sept,
on
80,. p.
$5,646,355
plant
——
158,
declared
been
to
replaced with an issue of $500,000 of 4%
Jos. L. Egan has been elected a director to fill the vacancy created
by- the resignation of /J, 'C./ Willever.—V. 106, p. 710; V. 100, p. 1922;
2,033,333
$6,671,313
$431,066
be
not
,
reserve
appropriation Li——*/,
estimated
He
share
per
15
April
on
—Offer Made to
Gold & Stock Telegraph Co.—New Director—
.
84,099
////
taxes
Property
1943—12 Mos.—1942
$1,300,406 $18,669,897 $17,409,684
534,726
6,798,849
6,705,997
80,295
2,166,429
2,046,151
79,319
933,306
977,848
$1,497,065
ex pen ses.X /
Operating
Opera ting
could
was
2348.
.
1,844,098
4/269,431
$4
p.
p.
The
21
1942
$1,303,790
Securities and Exchange Com¬
mission a new issue
of $650,000, AVi'in
first mortgage bonds to be
dated Oct. 1,-1943, and due Oct.
l, 1953.
W. E. Button & Co. is
named underwriter and the offering price to the public will be,; supplied
by. amendment.
"l ''
./■/'/;;//•"///,;..
.'//,.'//
Proceeds from sale of the bonds,' together with other funds of the
company, will be used to retire in full the presently outstanding $651,-'
100 face amount 6%/ first mortgage sinking fund bonds due Oct..; 1,
1944, to be called for payment Jan. 1, 1944.—V. 158, p. 671.
983.
p.
stock,
was
as
refund *an
To
•
."Deficit.—V.
I
1943
$1,462,760
dividend of 25 cents per share
a
April 20, July 13
t)ec. 20, 50 cents.—V. 158, p. 86.
were
pany
7,506,416
5,187.721
.7.018,276
income...
1942
;/ $33,700
///Globe-Wernicke Co.—Registers Issue—
From January 1—
Net ry. oper.
of
Net
*125,684
railway.—
Jan. 1 tci-Sept.
Sept. 21
■:•/«/•
$34,075
Sept. 27 declared
oil
the'common
and
"29,035
Net
railway—./-i//:991,324
oper. income./598,484
from
;
$576,288
$634,192'
$2,301,458
from
$457,000
Gulf Mobile & Ohio IIR.—Earnings—
1940
Net
Gross
$2.50
Oct.
157,
issue
157,
Giddings & Lewis Machine Tool Co.—25-Cent Div.—
158/
1942
:!
1942
1943
; :
revenues
Like amount
,u
$1,900,000,
of
158, p. 1278.
'
August—
:
322
Week Ended
Period—
Operating
Earnings—
"
of
share have
per
payable
extra
holders
Sole
on"
Ry.-
Z/i.z/ Z
income
Deductions
.
Coast
dividend
dividend
being
p. 670.
Florida East
50,705
/ i,
1,535
debentures due May 15, 1958, are now avail¬
16 Wall St., New York 15. N. Y., for
15-year 3'p
42,522
$50,344
1,323
Bankers Trust Co.,
the
at
delivery in' exchange
$164,201
$235,978
:
1.995
oper.
Non-oper.
Flintkote Co.—Definitive Debentures Ready—
(The)
>
/'/ /■'.
Dr,
206,581
income
profits
excess
until* 1942.
offer and after taking all factors
250,070
291,176'
'•//■/'
V.
"
,
$1,427,595
$1,786,806
profit$533,557
$629,790 '..$679,767
Common
shares
outstanding.^-/-^
818,568
818-,568
818,568
Per share on common stock
$0.65
$0.77
$0.83
"At 40'k.
fAt 90',e, less post-war credit.—V. 158, p, 670.
.
Insur.
facility rents, net
balance,
June 27,'42 June 28,'41
Net
.
:///''■
1938
oper.
Joint
•
Gross
:
ry.
Unempl.
Of
Act
..
243,615
presented
extra of like amount was disbursed
this
RR.
$1,293,124
profit
Depreciation ■
Federal normal
Federal
■
to
deficit
38,432
fr.
rev.
tax
Ry.
First National Stores, Inc.- -Earni n gs—
amounting
book
a
$250,000 and $300,000.—V.
$1.50
accumulations
$310,760
Net
Ry.
158,
payable Oct. 7 to holders of record Ocft. 2.—v.
capital stock,
that
of/the company had been understated
depreciation did not reflect their true value.
of
Guardian Realty
to
.
1131.
p.
not
both
an
A
50,970
>
$1.75
declared
dividend.4,
$1,203,191
of
General
extra
1943.—V.
of
Transportation
15 to holders of
/iv,//'/..,.
,'/;;
has
share
an
the assets
method
was
$50,
An
1943—8 MOS.—1942
Equip, rents, net bal.,Dr
initial
An
to
accumulated
Guarantee Co. of North America—Extra Distribution—
An
with
1943—Month—1942
revenues
operating
Traffic
Telecommunications, Inc.—Initial Dividend—
Finch
profit
between
as
dividend of
:
,
Maint.
on
of
dividend
quarterly
stock, payable Oct.
■///
on the V/o
preferred
Oct. 11.—V. 158, p. 575.
share
record
usual
the
declared
also
directors
-The
per
out
exchange for $40 in 5'/.
12-year debenture
14 shares of common stock for each pre¬
invalidated.
They allege that the company
of $748,000 in 1942, ahd that on this basis the
fact/that
but
1943
391,421
Maint.
the
common
stock, payable Oct. 15 to holders of record Oct. 11.
This
compares with $2 paid on Aug. 9, last, $1 on Dec. 28, 1942, and $2
on July
15, 1937.:
:i
/""
./' >
dividend
a
1937,
457,550
2,804,138
:_/
Georgia & Florida RR.—Earnings—
Felin & €o., Inc.—$1 Common Dividend—
declared
according
wipe
be
preferred
the
to
M. Keiser of New York, President of the company,
justified
except for the fiscal year of 1942, the company had not Shown
real profit in 20 years.
He said the plan was discussed first in
any
2,574,858
7,218,594
3,196,052
railway
158, p. 984.
Ry.
have
in
that
plan
in
in two years.
further contended
They
that,
■
$357,736
Period Ended Aug. 31—
directors
net
a
off
par
983.
(J. J.)
1940
$464,544
'359,740
-
oper: income--/
1—
:
Gross from railway—.
Net
p.
paid
the
issuance of
should
accumulated
deficit
$864,823
ry.
and commis-^
wages
earned
F. Fielder,
City, N. J.
Jersey
that
From January
../':
•//;.• //
/-.;/■ /:
salaries,
$26,552;
payable,
1941-//:''
1942
• 1943
$892,090
railway——'
railway—//-
the
share
from
contend
David
/ /-v." •/
from
Gross
payroll taxes, $16,256; accrued State, local and Federal
capital stock tax, $10,202; Federal taxes on income (est.), $501,539;
reserve
for contingencies, $90,000; common stock(65,450 shares, no
par),
$1,186,542;
carried/ surplus,
$442,941;
total,-. $2,302,173.—/
The
holders of
represents
dispatch
dividends
and
bonds
Georgia RR.—Earnings—
,
$28,139;
158
of 21,540
balance
preferred
Chancellor "James
byv Vice
Press
complainants
ferred
,1
complaint brought by holders of preferred stock to Invali¬
recapitalization of this company was taken under advisement
on-Sept., 23
The
Fight Plan—
of
bill
Associated
preferred stock-,
1943.
These figures compare with $392,725 common stock¬
21,522 preferred for the second quarter of 1943.—V. 158,
August—;
f
A
and
securities, $221,650; trade accounts receiv¬
of $4,503), $273,7914 inventories, $367,561; other
property, plant and equipment, $787,132;. deferred
Liabilities—Accounts
V.
and
common
and
1132.'/'
p.
$518,663;
charges, $46,496; total, $2,302,173.
Bions,
Motors
the
holders
reserve
$86,880;
assets,
1913
Balance Sheet, June 30,
Assets—Cash,
able
General
second.quarter of 1943 and with 414,064 for the third quarter
the corporation announces.//..'//".'•/■•: Z
There were 392,840 holders of common stock as of Aug. 12, 1943,
for possible increase in rates,
f Pro¬
vision for
depreciation of property, plant and equipment amounted
to $49,146.
lAfter deducting post-war refund of $41,300.
■/;//
1
number, of
1942,
July
■
"...
; .,v.'
$1.96
total
$39,000x provision
"Includes
Guantanamo Sugar Co.—Holders
Jr.,
holders for the third quarter of 1943 was 414,380 compared with 414,247
for
of
$130,367
$128,411
,139,082
98,175
/;//'/ -v
Geuting
.
General Motors Corp.—No. of Stockholders Increase—
The
28,001
70,326
103,000
- ■■
month ahead
Joseph T.
/'
>
contract,
date-, the
45,726
0rl,4O8
48,415
16126,500
;■,/
the initial Government
states,—V. 158, p. 1034.
schedule
$206,747
.'•// -y.:
par)-—-
(no
$247,625
.'
profit—-!—/- ' '"$119,001
.A//—/.: :
114,537
to
1940
$407,710
Oper.
Net
1941
,
a
'v
'
1943
Years End. June 30—
158,
p.
for 8,675
771.
Home Dairy Co.
The
value,
paid
of
to
on
15,-1943.
cents
(Mich.)—$1 Class A Dividend—.
on
Sept,
accumulations
company
account
on
holders
July
15,
of
30
on
record
last,
50
paid
a
dividend
of
$1
per
share
on
the $2 cumulative class A stock, no pa?
Sept. 20.
This compares with 25 cente
cents on April 15, 1943, and $1 on Jan.
paid 50 cents on Jan, 31 and 25
In 1942, the company
July 15.—V, 158, p. 87.
,
/
THE COMMERCIAL & FINANCIAL CHRONICLE
1348
Hotel Barbizon, Inc.—Pays
$5 Dividend— /
International Telephone & Telegraph
,
Consolidated
corporation on Sept. .30 ,paid a dividend of $5 per share on the
common
stock, no par value, to holders of record Sept. 27.
Other
distributions made during the present year were as follows:
March
The
(Excluding Certain Important Subsidiaries
6 Mos. End. June 30—
Tel.
and
Gross
Houston Oil Field Material Co., Inc. ^Earnings—
$1,725,219
95,721
40,742
share——-- ft ft;./ $0.43
$0.13
Net
•—
all
after
income
charges
Earnings per common
—v. 156, P. 1050.
//
ft'
$0.30
Oper.,
',/■"'/• v':!
Splain,
of
to
for
of
1,818,313
231,434
100,710
and
gen.
$14,359,195
5,679,902
5,103,831
4,223,067
and
2,306,193
§230,325
1,920,164
1,657,969
*"387,795
119,780
1,153,867
1,060,510
3,605,130
3,514,668
3,439,984
(net/_
exps.
repairs
income
'
tax.
deprec.
.——*.
and. for
earnings
profit
ft
I
period Ended Aug.
Gross operating revenue
Oper.
and
exps.
„
taxes
foreign
Profit'on
•Other
Interest
$221,235
$194,620
$1,794,599
$1,730,685
8,908
9,859
76,022
83,069
of
income
Gross
.
$1,813,754
$1,870,620
$204,479
$230,143
;
on
Minority
$4,154,698'
Amort,
in
net
stock
subs,
(net)
avail,
income
Net
int.
for
adj.
of
income
adj.
on
income
$92,649
bonds
Interest
on
parent
Interest
$639,2199
$760,671
$60,597
.
Interest
104,429
115,679
880,233
261,478
$11,781
$55,081
$119,562
$306,201
Other
Deficit
•
—
40,885
158,
oper.
';.
ft.
36 Weeks
Ended—/
sales
Net
Net
,
.
—
Sept. 4/43 Sept. 5/42
$3,390,458
(•Including
/Deficit.
$3,557,606
224,449
$0.50
-
—
312,772
$0.73
charges—
Earnings per common share—
—V. 158, p. 1034.
all
income, after
The
York
New
for
for
Curb
Huyler's first
notified
recently
Exchange,
the
such
table
that
the
voting
the
been requested to surrender them
preferred stock.—V. 158, p. 1278.
ing of 5,000 shares of common stock (no par) was com¬
pleted Sept. 29 on the New York Stock Exchange. This
offering, made Sept. 28, at 12:46 p.m., by R. W. Pressprich & Co., at 92^ (commision $1.25), was completed
at 11:55 a.m.—V. 157, p. 1134.
By.
oper.
By.
revs.—
oper.
Net
Ry.
from
rev.
tax
Equip,
$
19,011,225 165,021,542
85,196,529
7,399,714
7,149,009
57,589,999
48,001,119
3,219,895
26,736,463
630,153
543,549
4,442,665
80.289
72.243
26,410,871
641,335
23,596,440
587,770
Total
2,232
2,582
39,103
30,592
ft
"Taxes
charges
IllVIfl fl
fixed
Rnrl
'./ft.;
2,802,558
•
"After
3,455,226
27,013,103
from
Net
ry.
9,634,673
10,690,965
2,115,350
17,378,430
,terest
on
Int.
on
Int.
1943
Income
1—
1942
2,537,202
__
from
1941
of
from, railway.—
Net ry. oper. income
—V. 158, p. 1035.
the
'
■'
Loss
1941
/'
59,541 .ft.;
14,304
-
ft
,
-
4,226
Cr422,050
0364,750
$428,200
$761,784
ft
$427,359
(less
693,305
757,470
1,109,623
notes——._
1,582,307
1,711,980
893,787
78,138,592
63,030,036
22.470,039
12,754,376
15,015,161
includes
,,-356,775.
347.618
exp;_i
164,437
;
341,167
.ft
174,211
-
subsidiaries
which
4,008
;'/
2,489
/ft
properties
of
its
in
$1,913,369
671
and
Co.,
the
$1,727,930
158,
Indies
the
The
six
months
parent
in.
the
South
and
Countries
operation
America,
1943
1942
1941
1940
railway—
$878,191
$845,988
$690,704
$553,651
railway——
income
419,587
413,057
334,743
244,417
213,694
accounts
of
and
of
International
6,409,108
Net from railway—2,838,810
Net ry. oper. income—.ft
955,276
5,657,179
2,411,741
4,561,697
1,812,894
1,096,176
4,003,770
1,338,374
Net
from
Net
ry.
oper.
from
Gross
—V.
railway
158, p. 985.
;
" Vft:,,:
1,435,387
./'.,
.
.-/ft
760,567
All
Net
A
on Sept. 23 declared a dividend of 40 cents per share
capital stock, payable Nov. 15 to holders of record Nov. 1.
like amount was paid on May 15 and Aug. 16, last, as against 25
the
52
cents on Feb. 26,
cents
each
on
1943. Last year, the company made distributions of 25
May 25, Oct. 30 and Dec. 30.—V. 158, p. 672.
;.
/ /
Oper.
due
of
by
of
as
the
extension on May
1, 1947, at 100
Nov.
Continental
231
outstanding
So.
La
State
and
int.
Payment
will
National Bank and Trust Co.,
St., Chicago', 111.—V. 157, p. 1271.
be
August—
Gross
from
Net
from
Net
ry.
railway—
railway
oper.
income
Gross
made
corporate
at
194
820,248
866,924
314,873
692,398
187,145
12,974,728
3,962,091
8,948,439
7,370,124
1,874,948
750,652
2,661,426
793,485
"253,701
$1,148,536
38,733
$1,222,738
1943—8 Mos.—1942
$5,025,556
$92,939
$1,187,269
$1,264,142
48,735
51,333
596#363
643,048
1^835
14,219
.164,418
$23,307
$27,386
$426,488
$4,308,750
-
41,404
discount
and
—V,
158,
..
,
1,918,496
1,364,180
839,224
receivable;
(less
of
reserve
Oklahoma
v.
tax
of
series,
Gross
from
Net
from
ry.
Gross
Net
.
Net
railway—.
railway-;
income—
oper.
$471,494
cents
16,
share has
holders
per
Oct.
16
made
was
been
to
July
on
16,
of
declared
record
last,
1943," and 12Va cents each on
16 and Oct, 16, 1942,—V. 158,
Jan.
p.
the
on
Oct.
9.
A
with
compared
16;
1943,
\
and
394.
RR.—Earnings
:
336,804
195,266
1342
1941
1940
$343,203
195,511
1943
$502,760
$441,745
$513,384
307.215
387,962
32,662
"41,505
287,418
2,0,60,357
998.345
2,353,357
1,283,639
2.431.195
2,205,824
1,536,278
1,383,492
517,383
559,460
773,940
927,647
.
158,
'
986.
p.
"/ /ft/
•
and
returns
allowances
'/ft.
June 26/43 June 27, *42
:
$15,937,148 $11,778,327
694,469s
268,878
$514,054
$425,592
from
(net)——
before
Income
Provision
Federal
for
Federal
Provision
for
Federal
Post-war
refund
'
Net
Preferred
of
111,951
income
normal
taxes
profits
//■,
90,951
$626,006
1
tax
profits
excess
excess
transferred
income
•
\
operations—J
income
Other
$516,543
190,000)
tax
dividends—
"B"
surplus
$350,506
33,194
share
36,630
:
''/ft
ft
on
hand
$1.14
•
..
$1.16
»
and
demand
deposits
/
in 'banks,
receivable
$198,105;
ac¬
(less, allowance for losses of $29,442), $436,354- in¬
ventories, $1,432,369; prepaid expenses, principally insurance and
taxes,
$62,096; cash, surrender value of life insurance, $31,203; post-war
refund of excess profits tax, $9,500;
property,; plant and equipment
(less, allowance for depreciation and amortization $3,009,601),
$1,834 247;
land, $399,119; deferred charges,, $1,550;
goodwill, $1; total,
Liabilities:—Note
expenses,
$285,000;
year),
1942
1941
1940
payable
(bank), $100,000; accounts payable and
$828,673; provision for Federal income taxes (current
installments on note payable to Equitable Life Assur¬
Society of the United States, maturing within one year,
$42,500*
payable, $54,958; note payable to Equitable Life Assurance
$379,638
$298,559
$213,317
$168,718
169,629
166,960
110.774
'73,023
71,860
79,477
61,356
28,708
from
railwayrailway
income—
oper.
158,
p.
1,921,031
1,627,956
$11,457;
pending claims and expenses), $35,895; capital stock. $2,339,488- earned
surp'us (Since June 26, 1937), $440,239;
total, $4,404 545—V
15-7
991,060
899,713
764,306
559,273
446,710
562,900
Lawrence
463,225
986.
The
(E.) Kahn's Sons Co.—50-Cent Common Div.
The
on
the
directors
no
par
recently
'
1084.
'
1,452,114
1,275,955
the
United States dated
Aug. 26, 1933, interest rate 4>/2%,
mortgage note payable, assumed on acouisition of
propertv
miscellaneous reserves, $8,209;
reserve
for workmen's com¬
pensation self-insurance (less $7,000 included in current
liapilRies lor
$258,125;
p.
2.665,654
of
declared
a
dividend
of
25
cents
per share
value common stock and the regular quarterly dividend
directors
«n
record
Gas
the
Sept.
have
common
30.
50
13
and
cents.—V.
April
158,
declared
stock,
13,
p.
13,
75
last.
cents
674. '
a
par
Distributions
13, April 13 and July
Jan.
Electric
&
A
of
Co.—Dividend Decreased
quarterly dividend of
$25, payable Oct. 13
50
cents
Payments
each;
each
were
during 1942
July
13,
GO
'/'
33,173
160.000
26,640
—ft—————;„__
Balance Sheet, June 26, 1943
ft
counts
"$322,507
160,000
,
dividends—_ft—
common
//---, :
Cr9,500
..ft—ft
"A"
per
"Revised.
"194,036
95,000(
tax
dividends
Class
Earnings
.
4\
'
to
Class
Snrjfttv
Earnings—
January 1—*
from
ry.
—V.
Gulf RR.
1943
August—
.
-
793,038
ance
&
1
'..////>■'•'/
dividends
Kansas
1,425,602
"4,435
and
;/
278,983
share
67,554
$1.91
operations__^_„^„———ft.
149,601
891.
p.
17,696
$4,404,545.
other
c
income
From
America—Earnings
'
$82,665
debt
12V5
Ended—
from
581,940
$85,877
funded
debt
exp.
Net
$298,195
Weeks
accrued
31,125
on
of
ft
notes,
from
480,000
3,212
——
145,219
351,448
th—1942
327,250
534,681
480,000
:
/
Net
1940
$929,389
International Railways of Central
40,000
$89,873
3,066
deductions
$1,245,527
railway—,19,464,356
railway—_—
7,664,012
Net ry. oper. income—/
2,828,289
"Deficit.—V. 158, p. 1278.
402,525
47,759
40,000
earnings-
net
Interest
Amort,
$2,037,528
from
earnings---'
income
Total
the.
trustee,
1943
$2,447,490
from
19,275
ft, ;
45,951
oper.
Other
From January 1—
Net
'
35.650
taxes
accounts
■//'-ft'1'ft''ft'.-/:i. C'r
'ft.'."".
:
Assets—Cash
RR.—Earnings
1942
inc..
retirements-
$106,821
,
Deprec. & amortization of leasehold improv,—.
J.
1943—Month—1942 / 3943—12 Mos.—1942
$370,743
$4,756,282
earnings— / $399,823
$4,619,975
195,557 :
173,836
2,190,540
& maint—
2,008,047
taxes
and
International Great Northern
Del.—Earnings—
"
for
,/-
goods sold,
selling, administrative,
providing for depreciation.
trade
payable
July
16,
less
outstanding
Fed.
&
Prov.
Net
prior lien 6%
sinking fund gold bonds
1, 1947, have been called for redemption
Illinois
Salle
exp.
Other
Indiana Limestone Corp.—Bonds Called—
All
April
Profit
.//
Period Ended Aug. 31—
oper.,
of
stock,
Sales,
for
Gross
///■
Langcndorf United Bakeries, Inc.-* -Annual Statement
Co., Inc.—$1.50 Dividend
Iowa Southern Utilities Co. of
directors
The
$30,203;.
Treasury
"Deficit.—V.
."./ft;/-%/v//;■";/:'/'-
''.'ft
of
before
railwayi—_
from railway
ry, oper. income.—ft
Net
6%
gold debentures due 1960 have been
redemption as of Nov. 1, 1943, at 103 and int.
Payment
will be made at
the Bankers Trust Co., trustee,
16 Wall St., New
York, N. Y.—V. 158, p. 487.
/
//•:_//•.;../
Illinois Zinc Co.—40-Cent Distribution—
on
the
of
cost
but
distribution
Profit
called
4,397
Cr9,343
From January 1—
ft'////
Service Co.—Debentures Called—
Iowa. Public
From January 1—
4,793
133.000
profits taxes
ft—35.623
from
Gross
liquidating dividend of $1.50 per share has been declared on the
common
stock, payable Oct. 15 to; holders of record Oct. 1.
This
compares with a liquidating dividend of $1 per share paid on April 30,
last, and one of $5 per share on Oct. 29, 1942.—V. 158, p. 193.
126,7.17
from
excess
ft—_
railways..
Net from railway
Net ry. oper. income—
207,287
126,677
Gross
-
25,000
..
years
'
S.
on
Gross
of
of
ft^'ft///;'/' '/■/
Interstate Home Equipment
August—
7,658
share—././ft-//-—ft-:w————;■
per
August—
of
A
Illinois Terminal RR. Co.—Earnings—
$257,010
/
assets
Lake Superior & Ishpeming
ended
company,
the Spanish Telephone Co., Mexican Tele¬
Shanghai Telephone Co., have not been consoli¬
192.
p.
contingencies—
■————
deducting
Jan.
on
6,649,014
15,376,214
dated.—V.
April 30, 1913
$277,037
————ft
dividends
dividend
cents
its subsidiaries,
and
Ended
/. 20,027
depreciable
prior
expense
similar
and its subsidiaries
various
in
//:' '//..
■;
the Year
dividends
U.
A
(principally manufacturing
Europe and the Far East),
of the German subsidiaries, American Cable & Radio
located
the accounts
and
phone
West
the
for
of
primarily
subsidiaries.
domestic
Standard Electric. Corp.
subsidiaries
the
of
for
profit
■
common
'/"/•,.v/•••*•■
account
accounts
engaged
are
within
S. federal income and excess profits
income
the
wholly
(G.) Krueger Brewing Co.—12%-Cenf Dividend—
186,382
4,325
ft
4,423
<
—
only
located
are
1,202,896
—————ft $1,173,634
1942,
also
1071.
$50,000), $208,941; reserve •
for general contingencies, $25,000; 7'//cumulative
preferred stock (par/
$100), $252,300; common stock (par $10), $500,000; earned surplus
(less 2,503 shares of common stock in treasury, at cost, of
$16,945),
$367,335; total, $1,625,909.—V. 157, p. 2044.
: /■
$764,664
645,773
/..',''/'//.
30,
Co.
p.
Liabilities—Accounts payable, trade,
$139,577;'wages and commis¬
sions, $68,276; dividend payable on common stock (paid June 1, 1943),
$35,623; accrued taxes, $28,857; Federal taxes on income, estimated
2,880
1,088,250
,
Power
general
$1,625,909:
in$1,076,867
its
ft——.—~//———/ft/:
Assets—Cash,
Cr378,125
Dr841
that
within the state of Kansas and that
its subsidiaries, the Kansas Electric
$14,297), $412,505; inventories, $735,057; cash surrender value of life
insurance, $56,024; other assets, $2,594; preferred stock dividend guar¬
antee fund, $18,036; property, plant, and equipment, $323,654;
goodwill, patents, trade-marks, etc., $1; deferred charges, $47,836; total,
;
•
stated
company
Act of 1935.
business and
Balance Sheet, April 30, 1943
320,012
/
for
"After
Cr563,657
consolidated
Ex¬
from
company
depreciation
(net)
general
3,428
/
242,290
provision is required for U
'. / ft./ ;
/ / '/' '; .'■
Securities* and
holding
Company
of
Statement for
disposal
Earnings
$1,018,518
840,082
34,994
Cr603,51'9
charges...
Exemption—
the
$264,668
Common
J3r9,727
241,500
discount and
with
operations
for
Preferred
12,008
.'
$694,481
/- 955,135
32,899
4,887
.
River
Blue
from
on
Net
' ■"
,175.275
30,693
151,455
.
the
wholly
Kansas.—V. 158,
Adjustments
1,249
' /.•'
344,862
claim
properties
Estimated prov. for Federal income and
: $839,713
"••'•
its
located
and
and
Interest
,/.•/
|
of
state of
Provision
////ft
ft
-
0749,077
5'/!:
declaration
a
Total-ft
which
Co.
■
1942
'/'>'■ \
•
deducting
filed
above
///ft •' /'/■
subsidiaries—
Note—The
certain
1940
$7,966,752
3,304,392
21,795,781
,w_
debt
to
telephone
111,893,183
47,156,991
37.585,389
139,485,774
Net
■/./••
'
required
is
in
fees
loss
Corp.
railway.
tax
1943
—
and
interest
taxes.
its
From January
Gross
.charges
4'/2 '/r
on
June
"ft; :■'
5,454,176
2,010,680
6,769,356
before
$682,369
;..; Operating'' profit.'1——/ft/
Rental'income, recoveries, and sundry other income/,
profits tax returns
expenses
of
520,784
$1,134,373
in
(Parent Company Only)
4'/2% gold deb. bonds..
5'/e>
gold deb. bonds—
Amort,
13,462,653
$18,506,277 $15,708,450 $11,033,063
railway-
oper.
portion
income
"No
1,339,876
Earnings of Company Only
/'/ft
railway-.
frorn
Net
returns.
/
ft; ..ft
has
are
Provision
'
■
Telephone.
service
$1,203,153
520,784
.ftp/ft/ft/—
■
Income
.,
prdViding for Federal income and excess profits taxes.
August—
Gross
•ft"'1'1'-.'-
1,632,418
;■
tax
.;
Telephone
Cuban
———
and
951,980
$1,655,157
applicable to preferred stocks
business
"Profit
24,153,618
1,170,140
'...
'
provision
no
before'profit or loss
ft. /■■';/»
;
on
foreign exchange——.
$1,065,407
Profit on foreign exchange (net)—•
11,460
Net
/
'ft
income
the
depreciation—
Corp.
and
Other
.
fltVlAI*
charges
"Net
to
(net)——'
International
79,000
$93,454
Kaynee Co.—Earnings—
Net earnings
Interest, rent for leased
TG
for
to
79,399
$117,022
—
company
required
'/ft /*/
intend to join
income
I—.//—— $1,194,895
/—//ft——ft966,225
ft/,/:/, 88,003
expenses
Interest
'■
Federal
666,995
earnings
Provision
Net
deductions—
fixed
accordance
ft//// //ft"
excess
that
for
ft/././——_ft—/
General'
3,445,546
3,385,565
for
in
—_ft
income
2,221
$2,097,672
894,519
158, p. 986,
Power
20,959,133
2,724,501
avail,
computed
/■'/ /-
Miscellaneous
Int.
Inc.
estimated
Subsidiaries
Other
10,046
$2,607,137
deducts..
etc,,
support
the
133,197,648
inc.—
Misc.
tax
$452,851
$166,273
—:'/ 1,204; 1,198
Other
Rent
4,045,060
Other
is
provision
Charges to subsidiaries—
11,862,216 107,431,543
ry, op.
ry.
oper.
income
671
Statement of Income Account
Management
jt. facility
(net 2>ri__
rents
it
and
The
6
$172,454
t$14,704
//ft/,/ //ftft'ft'.' !ft //'/.'v
.
IXlt)6F6St> *'1
and
Net
2,489
$333,556
domestic subsidiaries
several
and
1943
taxes.
Building
1943—8 Mos.—1942
13,731,413
accruals.
''
423
$196,421
-——ft;
income
properties
,
System—
21,131,127
—
exps.--—_
186,382
to foreign governments, etc.
■./■■/. 'ft
1
/;'
'
ft /'
is
Rent
1943—Month—1942
$ ' '
$
■
Subsidiaries
Ingersoll-Rand Co.—Special Offering—A special offer¬
Illinois Central RR.—Earnings of
164,437
income
/
Dividends:
voting trust certificates have
Period End. Aug. 31—
Federal
6 Months Ended June 30—
dealings at the opening of business on that day.
The first pre¬
ferred shares were admitted to dealings at the same time, for holders
and receive first
2,301,533
174,211
,
exp.—
taxes.
taxes
year
ft/
suspended
from
of
2,159,703
In
/_
applicable principally
cannot join in the consolidated
preferred stock, $1 par value, would be termi¬
Sept. 27, ruled that the voting trust certificates be
on
2,081,641
•
/.
S.
$2,095,451
change Commission claimiii^exemption as a
the provisions of the Public Utility Holding
$2,473,882
filing consolidated U. S. Federal income and
Iluyler's—Voting Trust Terminated—
trust
U.
§The corporation
for
nated
and
$2,669,959
$2,220,584
for
1,500
$2,597,09.1
'
Kansas Power & Light Co.—Claims
40,452
$4,466,662
charges
profits
excess
740,000
1,500
net
income
Balance
'
;
income
"Provision
for
revenues
income,
Dividends
73,135
with terms of then proposed Revenue Act of 1942. No provision
Hummel-Ross Fibre Corp.—Earnings—
799,333
$172,448
the
-1278.
p.
chgs.
long-term debt—
interest
Net
62,500
250,219
—
deduct, int.
discount
662,282
68,667
reserve
$195,998
-V.
company
debt
2,954,164
1,008,461
555,041
equity
Charges of Parent Co.:
on
of
Amort,
945,500
bonds
—V.
inc.; before
1,297,957
59,864
110,729
54,379
125
The
Net
152,382
limited-term
174,763
in
„
income
97,527
102,635
275,589
.-ft
of
$7,461,858
3,243,432
125
Interest,
919,422
125,682
210,342
exp.
stockholders'
$8,494,354
262,011
//.'
Other
Mos:-"~1942
1943—12
$662,192
—,———>_/
retire,
of
Net
982,214
151,853
and
Co.—Earnings-
investments
$3,931,878
985,757
public
com.
1,174,455
1,109,949
143,881
137,495
bonds
discount
and
2
73,993
debt—
charges—
pfd.
on
hands of
exclus.
adj. income
charges
of int.
debt
interest
Jan.
274,046
appropriation
$3,857,885
98,796
$6,215,885
long-term
on
Amort,
Other
Divs.
Income
taxes
Property
Charges of Subs. Consolidated:
*
Operating income
Non-operating income—
$4,055,902
201,535
met)
Net earnings
.
3,741,864
4,404,875
5,014,350
exchange
follows:
as
$751,082
——
"on
exchange
foreign
were
1943—Month—1942
31,--
Operating revenues;
Operating expenses
Federal.'taxes
Gross
1943—8 Mos.
1942
$6,199,474 $5,472,549
1943—Month—1942
$768,714
$690,903
547,479
496,283
31-—
ft
•
.
Hudson & Manhattan RR.—Earnings-
'/
1942
Net
—
before
Period Ended Aug.
amort,
assets
.
during
common
Kansas Gas & Electric
212,668
$16,136,227
Jan.
on
the
on
preferred stock, par $100, both payable
Sept. 20.
Distributions of 25 cents each
stock on April l and July 1, last,
as
2, 1943.
ft.
record
.common
104,256
262,382
$19,042,018
—
cents
15
the 7%
on
of
the
on
Payments
1,206,118
earnings—..
intangible
Net
v.'
591,429
share
nolders
to
made
April 1, 25 cents each; and July 1, 15 cents.—V. 155, p. 2367.
,
/
l
.against
1941
281,375
taxes
Prov.
Note Below)
126,730
Federal
S.
tOther
in
1942
revs.—$16,815,600 $15,181,706 $13,810,837
by mfg. and
(net)———
gross
sell,
Indicated
as
1943
——T——,
Maintenance
Uf
//'
.—ft'
income
Total
..
former New York Commissioner of. Motor Vehicles,
director of purchases for this corporation, producers
hydraulic aircraft equipment, Long Island City, N» Y., according
announcement by Alec, E. Ulmann, President.—V. 158, p. 672.
...'Vv•■■■:,
K.
/
'■
:/:'/
John
Oct,
oper.
sales
on
subs.
sales
has been appointed
.'i
profit
Other
$3,435,720
72,064
Inc.—Director of Purchases—
Hub Industries,
I':
30—
sales
radiotel.
Interest
1941
1942
1943
$2,327,137
Months Ended June
6
Net
of $1.75 per
Corp.—Earnings
Statement
were
157, p. 1082.
and May 5 and Aug. 5, $2 eaeh.-ftV.
23, $9;
Income
Monday, October 4, 1943
40
to
cents
ner
holders
made
on
nf
Jan
follows-*
cents* and 0/
14*
'
Q Ua' 14'
were
as
"
1
1
teitt
Volume
(F.
158
&
R.)
A dividend
stock,
Lazarus &
of 37V2
"par
no
Number 4217
with
and
on
45
cents
distribution
of
Co.—37V2-Cent Dividend— ;:
cents per
value,
This compares
share has been declared
payable
Oct,
25
to
35
cents
each
paid
Jan.
35
25,
1943.
In
per
share
cents
holders
April
on
each
of
24
Gross
from
Net
ry.
railway—w:
railway—;;.
from
Net
15.
holders.
and
July 24, last,
during
1942, eC
157, p. 1181.
Gross
1942
from
from
Net
ry.
158,
The
r
and
the
$199,623
$144,846
Kuhn, Loeb & Co.—
47,233
Blyth & Co., Inc.—
The First Boston
800,000
1,415,594
569,278
Corp.
Goldman, Sachs & Co.
1,073,492
353,708
283,846
229,587
143,888
Harriman
Ripley
&
1943
$579,267
$633,554
242,285
railway-:—
railway—..
1942
300,260
Net
ry. oper. income.—'
From January 1—
Gross
from
Net
Net
ry.
railway—
railway
from
—V.
116,580
158, p.
1940
$562,496
$375,545
283,079
144,587
■/
>
180,266 /'"'•
117,633
-
450,000
*' The Wisconsin
Co.,
400,000
Milwaukee
Granbery,
400,000
Hornblower
&
*400,000
400,000
Lazard Freres & Co.„
776,646
Weeks.
Kidder, Peabody & Co.
400,000
Lee
986.
Lehigh Valley RR.
-Earnings-
August—-
Higginson Corp.—
Webber, Jack-
Gross
Net
from
railway.—
railway—
from
Net
ry;
$7,313,946
$5,187,571
1,900,459
1,005,165
1,068,447
1,340,706
1,155,745
505,304.
Net
ry.
200,000
Ira
200,000
Charles
Dominick
200,000
7,416,866
7,393,879
4,122,940
.
;•
Lincoln
...
stockholders
on
Sept.
23
recapitalization
a
arrears
G'.v
sinking fund
stock
of
Each
SI
value.
shares of
share of
one
new
par
four
classified
convertible debentures and
into
share of
one
'
;■
stock
new
V>;- ,/•>>. V;-/ V'."
~
common
*
,
common
without
•/
158,
f'.V 'gv*. -'/v >
'*
will
value
par
stock.—V.
common
\
M
Net
State,
be
re¬
The directors
of
.
the
on
record
on
Sept.
•Harold
Sept. 15 declared
outstanding
common
Net
/
Mills
is
Treasurer of
Years End. June 30—
Cost
the
Sell.,
15
goods
-Earnings1941
1940
$1,235,927
612,720
804,827
722.021
121,947
for
profits
Excess
Res.
inc.
$243,973
$464,159
$391,959
9,958
9,328
$474,116
$401,287
invent.
$264,444
7,538/
gold bonds due
Aug.
1,
.
Net
6,401
tax.
13,677
12,107
10,043
107,100
128,412
46,327
$13,828
Louisiana
&
45,752
$184,766
stock;—'
com.
$191,104
176,000
$260,767
railway-;—*
IS5
railway——
Net ry. oper. income—
Gross
$2.37
$1.96
deducting
June
tAfter
30,
&
$40,065
excess
freight^.
for
reserve
Gros
income
taxes
estab¬
1942,
•
deducting post-war refund
of
$1,537.
V
1943,
;'
$17,140 in
1942,
V
$16,009
Balance
Assets—Cash
hand
on
in
Sheet,
and
on
expenses amounted
1941
and
June 30,
$15,129
in
1943
June
30,
$76,712; U.
receivable—trade
S.
Treasury
Liabilities—Accounts
Tax
payable—trade,
$4,966;
credit
accounts
'
of
common
stock,
amount
one
declared
payable
disbursed
was
distribution
was
Oct.
dividend of
a
4
to
March
on
made—$2
holders
on
50 cents
of
per
share
on
period
is
available.-
and
of
issue of 5'/f>
an
and
June
28,
,
August—
1942
1941
$1,379,928
Net
ry,
$4,580,344
railway——
from
Net
1942
railway-
2,151,114
income
oper.
905,362
From
January 1—
Gross from railwayNet from railway—
1941
$3,658,968
1,442,853
727,739
1940
$2,794,497
$2,492,915
1,050,702
924,800
360,477
of
gold
Net
ry.
—V.
18,024,604
6,504,405
5,279,237
4,059,338
2,083,384
1,081,043
354,344
986.
p.
Operating
revenues
Operating
1943—Month—1942
1943—8 Mos.—1942
$1,741,225
$1,391,898 $13,065,844 $10,114,939
994,036
940,870
7,766,899
7,012,887
expenses-
Depreciation
Net
$6
Taxes
*
Operating income
Non-operating
Gross
133,828
1,143,404
1,049,147
$317,200
$4,155,540
$2,052,905
last,
'"1,109,160
Oct.
Net
income
"Includes
*-V.
158,
debt
,
$138,731
$2,042,990
35
1,023
616
$391,804
48,249
$138,767
$2,044,013
tax
of
440,211
1,488,836
1,429,101
984,395
1,612,066
'
■
•
•''
.
iV-;
■
.
1943
•
"■
1
:
••
:•
1942
share
per
Oct,
13,
each
has
•:•••
.'V.5:.
•:
;
1943
$943,746
540,915
$1,603,802
and
$403,447
$413,000
for
1942,
income
been
made
declared
of
share
per
made
was
157,
1,457,091
.
and
Jan.
50
13
capital
Dis¬
5.
April
13
and
April
cents.—V.
157,
Dec.
on
excess
29,
1942,
mission
as
an
the coupon
rate
to
be carried
on
Oct. 4
each
offered
on
share
to
by its pending issue of $20,000,000 of.
its present shareholders
the basis
then
27
June
of one-fifth
held.
of
a
as
share
at
of
the
the
.
Net
Div.
a
taxes—
90,390
—
close of business
new
.
common
>
for
and
15,
a
.
.
a
Jan.
on
quarterly
and
15,
dividend
15
cents :
of
11
three
1943.—V.
cents
cents
of
extra
158,
paid
were
and
three
a
on
quarterly
cents
and
a
987.
p.
v
•
1943—12 Mos,—1942
$370,272 *
$346,587
$4,307,504
2,146 ":
1,714
28,401
21,923
$348,300
$4,335,904
156,868
1,912,320
$4,044,600
1,796,265
27,246
26,373'
321,240
303,664
55,172
41,572
•730,573
503,771
$4,022,677 1
18,062
18,993
208,521'
217,660"'
41,141
36,428
480,066
423,332
$38,542
$68,065
$683,165
$799,903
25,028
298,036
303,451
$33,839
$43,036
$385,129
$496,457
13,461
13,461
161,530
161,530
$20,378
$29,576
$223,599
reserve
$5
on
pfd.
for
stock
...
$334,927
(>
And wholly-owned, subsidiaries)
July 31—
1943
and
155,
both
after
all
reserve
for
for
income
9,125,935
5,232,183
6,060.000
taxes
additions——.
3,390,000
1,000/000
......
—$2,065,935
per
common
furniture,
Note—The
before
4
—
Federal
post-war
1942
$75,617,428 $65,312,484
charges-but
profit
consistent
stock,
profit
share—
fixture, and
and
$1.67
delivery
equipment
and
adjustments.
states
report
$1,842,183-
that
since
Jan.
$1.40
other
-
31, T933
it
post-war.
.
has
been
the
policy of the company to charge to expense additions to
fixtures, delivery and other equipment accounts.
Actual
furniture,
purchases
of such additions have been
charged to expense for the six"
ended July 31, 1943 and in addition there has
been provided,
charge to expense, a reserve of $375,000 for post-war purchases
of such additions.
Had provision for normal
depreciation been made
in lieu of
charging to expense, the net cost of additions, plus the
reserve
of $375,000
for post-war replacements,' the net profit after
months
by
to
a
provision
of
20
cents
July 31,
for'Federal, taxes
cited
for
the
six
months
ended
havfe been $2,095,482. ' In addition to the reserve
previously referred to, a reserve of $625,000 for contin¬
post-war adjustments has been charged against earnings
and
for
six
the
income
1943 would
$375,060
gencies
per
the
on
months
ended
July
31,
1943.—V.
158,
p.
and
on
773.
(Oscar) Mayer & Co., Inc.—Earnings—
April 1, July 1,
>■'
•
Net
sales
Net
by
40 Wks. End.
■
profit
after all charges....
per
p.
158,
annual
stockholders'
proceeds,
share
Year End.
.
'
$3.96
$4.09
$2.43
3280.
Melville Shoe Corp.—Dividend Meeting Oct. 13—
The corporation has,notified
*
the
common
"
Year End.
Aug. 7, *43 Oct. 31, '42 Nov. 1, '41
$75,285,254 $74,856,570 $44,021,233
539,522
555,707
337,033'
...
——
—V.
W. J. Murray, Jr.,.
authorization by the
shares of preferred
will
in
be
of
the
The dividend
-
dividend,
determined
would
Distributions
of
at
if
the
the New York Stock Exchange that theon
the common stock, par SI,
declared,
meeting
of
the
board
of
directors
Oct.
13.
b®vj>ayable Nov. 1 to holders of record Oct.-22.
50
cents
Aug. 1, this year, on the
each
common
were
made
on
Feb.
1, .May
1
•
and
shares.—V. 158, p.-1173.
,
'
„
standing.'
A
total
tures
$19,203,152
and -preferred
Pointing'out. that
fcome
Mr.
of
time
Metropolitan Playhouses, Inc.—Call for Tenders—
.
of
the
Murray
is involved in the redemption of
stock at'their .respective, call prices.
the
board
elimination
writes
that
of
they
financing is carried out, the
of
directors
has
been
the
deben¬
for
corporate structure, consisting only
I
J
The Central Hanover Bank & Trust Co.,
way,
considering
the corporation's funded indebtedness,.
believe that "if the proposed program:
new
*
15,
of. 200,000
of
v
of
v
requesting
notice
of
an
....
net
amount
the
dividend
1943-^-Month—1942
sales
,.*To
capital structure of Mc«permit
greater
flexibility in
is
in
extra
1173.
contingencies
the
to
issue
new
accompanying
$117,900
$372,418
available
p.
Earnings
•
cash
of
conditions,,
primary purpose
of
1942
$153,235
....
an
extra
an
1943,
!
158,
Net
346,908
together with company - funds, to redeem all the 3 Vz (/o
debentures .' and
5 \a%
cumulative ; preferred ' stock
presently
out¬
,
.
24,703
accrued
"Reserve
Baltimore on Oct, 26, 1943, and proxy material for that
mailed Sept. 29, Mr. Murray further states that the proposal:
is to sell only 150,000 shares of such
an. issue at this time and to use
the
of
excess
retire,
Earnings'
strengthening
Incorporated,
business
stockholders
letter
depreciation
172,255
Provision
$204,020
31,350
preferred
a
cents
April
income
taxes
26, 1943
reserve-—
stock——-
declared
declared
compared'with
earnings
Consol.
'X;
■
meeting
20-year debentures.
It said it was expected that the debentures would
be delivered to Lehman Bros, in New
York about Oct.'8./'.
'At the same time the
company announced that the 374,391 shares'
($10 par) common stock also covered
by the registration "statement'
would-be
Net
Net
Publishing Co., Inc.—20-Cent Distribu¬
and
the
reserve -for
-May Department Stores Co.—Earnings—
$0.24
Sept.
23
Deductions
the
•*
Robbins,
as
•
quarterly dividend (No. 21) of 10 cents per sharo
stock, both payable Oct. 15 to holders of record'Oct.' 5.
onv
•common
McKesson & Robbins, Inc.—New
Financing Plan Out¬
lined—
President;
receivable,
i
and
151, p. 1726.
Sept.
seven
6 Months Ended
Ended
profits
on
taxes
for
—V.
•'■•'>-
common
accounts
1943
Period—
future
trade,
receivable,
•
charges.;..—.
Maintenance
and
Corp.—Earnings—
common
and
revenues
General
Prov.
the common stock,
payable Nov. 1 to holders of record Oct. 15.
payment was made on this issue on July 1 and Sept.
&
$1,090,528; marketable securi¬
$37,148;
a
Fed, income and
.profit taxes
meeting,
filed Sept. 29 with the Securities and Exchange Com¬
amendment to its registration statement
establishing 3</»
company
hand,
$1,250,510;
customer,
Operation
Oct.
13,
of
cents
Gross
166.
p.
as against 15 cents/ each on April 1, 1943,
1 and Dec. 15,
1942.—V. 158, p. 892.
Kesson
$8.03
afceounts
payable, $497,491; accrued umges and
employees' war bond deposits, $7,668; payroll
withheld, $36,513; accrued taxes, $493,731; advance
Operating revenues...
Non-operating
income
Co.—Pays $4.50 Accrued Div.—
stock.
(P.) Lorillard Co.—Lists Underwriters—
ori
accounts
2,174,108
of
on
Simplification
31,030
Sheet, June 30, 1943
and
Marion-Reserve PowSr Co.—Earnings—
$8,191,747
the
on
record
Jan.
on
extra
11
-
1940
/•/.,:;;
on
$124,630.
profits tax of $35,000.
excess
Period Ended Aug..31-
>'■
comparison for the lirst half of 1942 is available.—V.
directors
par).;
receivable,
quarterly of 10 cents
;
similar
In
The
the capital
on
j
-J:1941
■>
-
holders
to
were
,
meeting
$71,407
$1,373,500 for
•
892.
p.
share
$944,362
67,360
$343,556
—
income
"2,112,550
37
income-
funded
on
178,469
$391,767
income
Interest
The
A
and
of
.
tion—
banks
note
taxes
July 15, last,
;
McGraw-Hill
142,984
revenues-
oper.
in
directors
share
1,788,456
The. company on Oct. 1
paid a dividend of 75 cents per share on
account-of accumulations-on the
8'fo 2nd preferred stock, and a divi¬
dend of
$1.75
per
share on the 7%
1st
$604,205
212,438
✓-
The
per
2,663,487
McCaskey Register Co.—Pays Accrued Dividend—
Railway Corp.—Earnings—
Period Ended Aug,'31—
after
121,192
holders of record Sept. 25.—V.
Los Angeles
ino
158, p. 892.
5,301,741
^
16,548,873
9,030,545
3,246,428
income-—
oper.
158,
stock
Quarter Ended Aug. 31—
Net loss
211,679
charges but before taxes
275,330
22,704,375
$257,243 >
$10.86
—__
; Manhattan Bond .Fund, Inc.—Extra Dividend—
.
29,083,428
$348,703
stock.__
V"
■
•
.
224,803
.
$82,280
602.
116,627
Madison Square Garden Corp.-Earnings—
$683,231
396,169
profit
Note—No
460,000
$215,414
31,330
from
6,612,795
year.—V.
Outstanding shares of
Earnings per share
p.
"410,000
$93,150;
147,032
reserve
for
$373,876
buildings,
and
machinery
equipment,
$826,021;
reserve
for
con¬
tingencies, $150,000;
common stock (198,800 shares/no
par), $834,201:
surplus, $682,187; total, $4,871,472.—V. 158, p. 893,
an
1940
$936,238
569,761-
Earnings for Six Months
Provision
1941
$808,703
31,330
taxes
9,348,561
cents
cents
that
after all
Net
1943
,
from
V
:
Profit
Contingency
Long Island RR.- -Earnings—
Gross
other
payments
trustee of
as
1942
$631,754
Liabilities—Trade
and
169,766
Luscombe Airplane
the
record
Sept. 22.
A like
last.
In 1942, only
Nov. 14,—V. 158,
p. 1172.
29
and *
share..$7.01
commissions,
$0.61
The company on Oct. 1 paid a dividend of
$4.50 per share on account
accumulations on the $6 cumul. preference
stock, par $10, to holders
record Sept. 20.
This clears up all arrearages on the issue. •••'.
payment
1942,
Ry.—Earnings—
••
50
distribution
compares
2,
1173.
p.
$2,425;
inventories,, at
values, $1,034,454; other assets,. $38,345; fixed assets,
$1,586,811;
deferred charges, $101,557; patents and
goodwill, $1; total, $4,871,472.
Balance
A
This
Nov.
on
<
common
8,493
StOCk
only
cents
the
on
11.
book
Ludlow Typograph
of
20
Oct.
$221,754
miscellaneous
2450,
p.
under¬
1279.
124,120
$144,068;
5,504,465 .7 3,813,346
payable
65
of
group
p.
and
stock.
post-war refund of
$836,134;
$1,488,384
——
July 13, last. Payments in 1942 were as follows:
13, 90 cents each; July 13, 75 cents; and Oct. 13,
Lockheed Aircraft Corp.—To
Pay 50-Cent Dividend—
directors have
of
$25,
of
a
8,419
Assets—Cash
ties,
1,213,864
railway
$17,674,138 $15,204,268 $10,447,418
railway——
7,592,490
6,593,085
4,085,043
income
2,226,035
1,677,584
2,689,162
January 1—
par
to
158,
$125,666
13,095,916
■
dividend
of;
1943
income
Balance
from
stock,
receivable
balances,
$1,659; salaries and wages, $15,242;
commissions,,
$2,250; Federal income and declared value excess
profits taxes, $95,-/
440;-Federal excess profits,tax,
$15,365; other taxes, $24,359; sundry
accrued liabilities,
$385; common stock
(par $5i,. $550,000; earned
surplus, $357/141; total, $1,066,808.—V.
157, p. 2252.
The
"Less
$53,833,619
2,702,248
oper.
tributions
Dewell
124,870
1043
,
from
A
deposit,
$458,121; marketable securi¬
Savings notes, $60,000; accounts
(less reserve for freight of $5,511),
$129,936; accrued
interest receivable, $173;
inventories, $149,957; fixed assets, $182,216;
patents, $3,388J deferred charges, $3,600; other
assets, $2,705; total,
$1,066,808.
7
ties,
renominates
E.
2,098
common
U
'
Lowell Electric Light Corp.—50-Cent Distribtuion—
to $17,176
1940.
company
93,990
per
■
Note—Depreciation charged to cost and
in
last,
for deprec.__
preferred
Earnings
railway— 138,260,653 105,427,895
75,827,820
63,875,474:
railway-—
61,447,378
41.407,062
26,096.341
16,054,659
Net ry. oper. income
17,636,765
13,381,974 ■16,413,101
10,613,348
—V.
158, p. 1279.
..V';
Net
record
1942.—V.: 158,
common
Shares of
100,000
from
From
30,
of
Surplus
from
ry.
sold
share has been declared
—
paid,
An
August—
Net
profit
100,000
Boyce.
Louisville & Nashville RR.—Earnings—
V
and
Wilbur
are
Co.—V.
taxes.—-—
paid,
1,872,290
1943
£■<.-
Net
$1.68
'Less returns, allowances, discounts and
tAfter
Net
January 1—
railway—
Net from railwayNet ry. oper.- income—
—V. 158, p. 986.
•'
143,000
be
&
holders
Jan.
on
prov.
profit
Dividends
—
700,278
from
Gross
par)
lished
Ended
1944,
will
Sachs
per
to
31,
100,000
Bros.
Bros. & Co
$1,605,394
from
Net
$215,612
187,000
$1.74
176,000
Earns, per sh. on 110,000
shares of com. stock
Arkansas
'
from
— .—
116,484
losses-
income
on
1,
the
195L
August—
I*.'
Divs.
Oct.
of
directors,
100,000
Co.
1942
1
Federal
Dividends
Scranton
profits taxes
the
for
100.000
Co.
—V.
From
$271,982
t55,375
■
tax
for
T/o
due
Gross
16,398
Fed.
W.
———
with
comparison
cents
paid
100,000
&
According to the announcement, "the Guaranty Trust Co. is taking
this action to
qualify itself to accept a proposed trusteeship from
P. Lorillard Co."—V. 158,
p. 1279.
112,135
-
$260,371
Prov.
Co
Guaranty Trust Co. of New York has resigned
bonds
532,963
167,171
131,361
deductions.—
——
20
profit after
excess
$909/542
income
Income
"The
issue of
w
1942
excess
issue
Co.,
Resignation of Trustee—
per
holders
$1,436,157
sold
operating profit..
Other
cents
to
$988,054
gen. and adm. exp.
Net
Oct.
corporation.
1943
sales
of
payable
and
profit
Note—No
30.
Locke Steel Chain Co.
'Gross
special dividend of 30
a
stock,
100,000
&
—
income
the
Goldman,
Jan.
on
Provision
100,000
&
Outstanding; shares of common stock—
Earnings per-share——
;/''M'v
(The) Linn Mfg. Corp., Morris, N. Y.—Special Div.—
share
Net
Richards
taxes
Federal
that
Nov.
cents
150,000
Stern
Six Months
40
cents
150,000
;
before
payable
Co..
sales
Profit
of
nominees
of
outstanding.
officers
Magor Car Corp.—Annual Report-
.
773.
p.
'
$25 in
board
new.
share
per
two
Years Ended June 30—
200,000
Earnings for the
program
cash,
$18
district.
western'
by
the
The.
..
of
nominates
vice-president in charge of manufacturing, and
San Francisco, regional
vice-president in charge
of
expected
headed
Sons.
Stein
r
Parks
dividend of
with
40
150,000
Haupt & Co..——
&
200,000
200,000
.
approved
Dominick
Hayden, Stone & Co._
F; S. Moseley & Co.—
Printing Co.—Recapitalization Approved—
under which each two shares of $3.50
preferred stock, on which
amounted to $4.12V2 a share on
May 1, will receive $15 in
&
Estabrook & Co.—
A
stock,
150,000
—
Clark, Dodge &; Co._„
8,893,559
;;
Inc.
8,369,881
income.—
.
400,000
30,707,795
12,522,783
is
&
&
S."Dickson
R.
value
par
directors.
company's
Inc.—
Walker
Brown
Field,
36,763,913
150,000
—150,000
Co.,
Emanuel
16,464,064
986.
Corp.
H.
Alex,
200,000
48,724,359
p.
G.
:
&
400,000
20,350,409
oper.
400,000
>
McLellgn Stores Co.—20-Cent Common Dividend—
150,000
L. F. Rothschild & Co.
400,000
Union Securities
It
150,000
Riter & Co
Stroud
and
.
150,000
Wertheim & Co;
60,367,457
158,
Webster
the
&
Co.
Adamex Securs. Corp..
Blair & Co., Inc.—___
railway——
railway
from
&
the
Conn.,
H.
writers
_—
400,000
BlodgglV'Inc.
$3,742,910
2,947,641
January 1—
Net
The
Stone
1940
2,809,511
from
—V.
1941
$8,320,027
income—
oper.
From
Gross
1942
1
.
.
200,000
i:
Janney & Co
400,000
& Curtis
Scott & Stringfeilow—
1943
200,000
of
Kebboh, McCormick & '#
Paine,
son
Marache
Lord
James
200,000
——.
Hemphill, Noyes & Co.
1,038,698
200,000
Bacon, Whipple & Co.
Bear, Stearns & Co.__
400,000
of
present
Bridgeport,
of
400,000
t
,
plans
tha
shares
stock
all
200,000
400.000
above
proxy statement also
election to vacancies in
200,000
Co.
v
,
present
no
stock
The
&
Co.-.
Hajlgarten & Co—;,'•./••
2,885,666
1,499,211
983,306
4,107,279
1,519,608 r> 1,606,893
914,978
984,224
&
—
has
preferred
for*
Spencer, Trash; & Co._
Tucker, Anthony & Co.
White, Weld & Co
&
of
,
common
Shields
Eastman, Dillon & Co.:;:;.
Glore, Forgan & 'Co._,
106,260
200,000
Sons,
Schoellkopf, Hutton
Pomeroy, Inc.
Improved."
•
800,000
.
3,455,182
4,122,841
income—
oper.
1941
•,
Pierce,
Becker
Inc.
by
■
&
800,000
Lynch,
G.
&
stock, will be well adapted to meet both
conditions, and that the position of the common
post-war
be
for disposition of the 50,000
proposed initial sale of 150,000
shares, according to the proxy statement;-but it is
considered desir¬
able to have these Shares
authorized and available for issue if
subsequent business developments should warrant additional
capital.
If the stockholders
approve, the new capital structure of the
corpo¬
ration will consist only of
preferred and common stock, with 150.000
shares of preferred stock without
par value, and 1,682,726
$200,000
Rollins
common
corporation
shares
;
'•
'
will
The
underwritten
and
present and
stock
to
are
.•■>>*
—
H.
preferred
■■■
•.
*
3349
of
Inc.200,000
/
.
Co., Inc.
Merrill
:■
Reynolds &. Co.—.
E.
800,000
Mellon Securs. Corp.—
A.
debentures
Co.
800,000
19,953
2,332,207
1,120,354
addition
stock
common
Laurence M, Marks
1,000,000
86,495
28,176
208,838
from
of
1,800,000
24,042
2,089,565
851,282
—
in
-■«
$1,800,000
154,079
August—
from
amount
$316,714
income.. ;
29
■.
14,113
;
Sept.
•
and
follow:..
Fenner & Beane—;
Gross
debentures
Smith, Barney & Co._
1940
.
named
■
L'ehnian Brothers ;„1
1941
were
:
-V
underwriters
each,
Lehigh & New England RR.—Earnings—
Net
whom
offering prices of both
supplied by. amendment.
be
986,
p.
of
57,632
railway-.;;
railway
oper.
54
The
January 1—
Net
underwriters,
$244,484
i
income—
oper.
From
—V.
1943
56
& FINANCIAL CHRONICLE
to Lehman Bros, and Smith,
Barney & Co., principal underwriters,
have agreed to take
any new stock not purchased by the present share¬
common
Oct.
record
quarter
made.—V.
was
the
on
The
:
Lehigh & Hudson River Ry.—Earnings—
August—
COMMERCIAL
THE
1943
to
New
N." Y.,
for
will until
the sale
to
it
12
of
corporate trustee, 70 Broad¬
noon
(EWT) on Oct. 13,
o'clock
5%
debentures
due Feb.
1,
1945
amount sufficient to exhaust $60,234.75, at prices not to
exceed
redemption price of the debentures and accrued interest.—V.
157,
1745.
an
the
P-
York,
receive bids
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1350
Gross
1943
1942
1941
$154,469
43,726
26,680
railway—.
railway
from
Net
from
Net
ry.
Earnings for August and Year to Date
RR.—Earnings
Midland Valley
$120,401
$143,976
August—
income—.
oper.
$116,354
42,599
79,287
57,492
Net
30,415
Gross
Net
from
Net
ry.
—V.
railway
income—1280.
oper.
158,
p.
361,836
387,707
358,890
175,927
235,241
196,692
railway—
from
Net
ry.
—V.
income
oper;
2,655,534
railway..— 147,234,976
67,872,552
;
income
oper.
107,158,092
43,969,523
70,486,588
22,022,040
.14,621,738
the
succeed
Vice-President,
Smith,
E.
George
158,
Lauer.—V.
Conrad N.
late
Consolidated
488.
p.
before
accumulations
15
Oct.
a dividend of $1 per share on account
cumul. preferred stock, par $50, payable
record Oct. 5.
This compares with $2 paid
of
July 21
157,
In
iiltli
Net
155,863
$501,494
138,892
$3,908,185
1,107,328
taxes..—
$633,370
$362,603
$2,800,856
equipment
rents, Dr.
Cr27,897
14,194
Cr6,538
13,901
Cr243,362
135,074
Hire
of
Joint
facility
Net
(net)—
income
$2,909,144- $1,341,179
Cr55,834
Cr72,748
$355,239
$647,072
Crll,015
income
oper.
ry.
Other
Cr9,699
t:
two
tFixed
$364,938
4,820
$2,964,978
32,811
$1,413,927
$360,118
$2,932,167
fied
satisfied
prices,"
that
this
Judge
the
Barnes
has
defendant
the
that
charges
^,656
^
;
;
,
^
fxd.
after
Net
$653,432
chgs..
defendant
ruled,
made
"and
is
amort,
of
projects:
-
-♦Includes
defense
'
Road
also
before
attempt whatsoever
no
comply
to
the Emergency
was
Court at
hearing Sept.. 23.
In addition
interest
include
not
fDoes
being paid currently.-
not
Gross
Income
.
Net
ry.
oper.
722,266
"f rcunUraUway
Net
ry.
railway——
from
Net
—V.
1943
'V
1942
1941
1940
$286,084
;
$246,385
$230,603
railway..—
119,373
$245,336
,108,227
income...
81,268
73,452
88,205
January 1—
from railway.—
'
1,917,429
from
ry.
income.—
1072.
oper.
158, p.
22,916,441
6,399,696
Gross
from
Net
ry.
:
•
3,931,340
3,682,808
income
Earnings
2,162,406!
railway—
from
from
Net
railway—-—
income—
oper.
ry.
1—
From January
Net
from
Net
ry.
1941
,
'
>
■
•
.•
1940
.
-
♦12,528
6,496
22,350
792,055
228,877
502,937
*2,549
232,365
121,566
*76,654
before
♦After all
Net
income
available,
AX'-A
income—
1,456,477
204,105
1,056,530
891,862
755,451
258,524
178,389
151,879
income—
19,515
47,009
; ^56,465
.48,777
987.
At the close of 1942 a reserve for renegotiation of
provided in the amount of $1,222,000 on the basis of
which
had
1942
1941
1940
$306,291
•$249,181
119(892
95,739
48,559
75,066
55,821
38,338
income—
1—
1,418,282
1,725,409
2,071,094
2,089,816
932,100
1,076,197
831,228
619,934
274,720
470,040
434,097
345,423
railway—
income—
1943
August—
from
1941
$5,589,050
1940
1.678.703
1,915,070
$3,245,176
1,131,308
578,641
1,150,154
646,753
income—
oper.
1942
$6,108,188
railway
railway
Net
from
Net
ry.
—V.
49,516,511
33,924,851
—
13,072,429
income—
4.701.704
railway
railway
oper.
$2,324,255
by
22,061,659
18,085,174
10,121,907
6,035,681
3,863,931
5,488,611
,2,795,014
925,193
from
Net
ry.
Gross
from
Net
from
Net
ry.
and
—-V.
158, p.
A
was
Federal
379,101
407,630
301,496
Reserve
Bank
165,065
258,306
160,745
banks.
The
The
are
4,468,119
4,728,210
2,791,780
1,068,632
2,484,123
900,346
3,683,934
2,288,803
3,447,296
2,098,471
1,199,881
1,067,290
.
holders.
proposed
| the
to
reorganization,
Total
$560,480,000.
Dividends
$15,869,836.
on
fixed
5%
the total capitalization would
contingent obligations would be
Series
A
preferred
stock
would
be
$2,885,840, bringing total annual charges of $18,755,677.
Preferred stock would be issued in the amount of $57,717,000, Class
A common $91,184,000, and Class B common $58,897,000.
Shares would
be
valued
For
at
every
ceive
stock
Alleghany
the
.
new
a
•
'
B
v
Corp.
issued
has
Pacific
been
stock.
common
holders
SlOO .share
Certain
•
Class
stock
would be
Missouri
securities.
vene.-
of
-
Ad¬
Price
the
$901,012,
the
reduce
to
was
shown
amount
The adjusted net of $547,455
1942
in
the
for the year
of
could
the
new
among
For
obtain
$100
every
purchase
stock,
New
Class
present holders of
share of
warrants
A
and
secured
for
pre¬
claims.
granted permission
reorganization
stockholders
have
.
as
by ICC to intervene
large holder of the'road's
a
also
been
.
'<
:
common
Reserve
Vice-President
Board.
The
of
York
New
Chase
and
the
negotiated
and
in
charge
major
a
of
war pro¬
announcement
is
the loan
through
clearing
agent
Manufacturers
Trust
participating to the extent
is being shared by
19 other
of
The
fur¬
10%
of
for
a
the
Federal
group
Co.
of
the
loan
New
of
the
loan to Nash-Kelvinator not only provides for the
production contracts now held by the company,
advantages of the broader aspects of the new "VT"
under which contractors whose contracts are cancelled
the
permitted
to
inter¬
-
,
will
be
tied
up
enabled
in
Terms
war
of
to
free
Nash-Kelvinator
regulations, provide for
and a standby charge
credit.
The
working
interest
a
of
rate
loan,
which
which
otherwise
conform
might
to
the
be
new
4,252,537
3,547,838
$236,321
*$112,428
*$198,085
52,553
86,972
.$838,131
$274,973
*$59,875
*$111,112
27,507
31,545
52,872
_—
:
production program. On June 30, 1943, the company had unfilled
orders amounting to $650,000,000 and the billings for the
year
ending this Sept. 30 will be approximately $100,000,000
Government
than those of the previous year.
At the present
expected that this year's dollar volume will be more than
September, 1944.
•
more
rate,
it
15,242
by
produces Pratt & Whitney
2000
H.P.
specially
supercharged, high altitude airplane engines and Hamilton Standard
hydromatic variable-pitch propellers for which the Propeller Division—
now
the
nation's
largest aircraft propeller manufacturer—recently
"E" award. The company was also recently
by the' Army Air Forces for the quantity manu¬
facture of helicopters under ail
arrangement made with the Sikorsky
awarded
the Army-Navy
a
contract
.A
stock
be
to
:
201,35$ '
,
&
taxes
*
sale
of
on
21,777
'
57,355
90,805
55,436
23,719
State
69,515
^
prop.
,
Cr454,641
______
•*,
—
Cr28,132
-•
profit for period.
tLess
$552,014
moving
and
from refund of
recovery
liEqual to 31 cents
and
to
;
.
per
to
of
prior
S.
U.
*$163,984
thereto.
Government
tFor
provision
years
in
1940,
for
and
1933 floor stock tax,
share
share
per
cents
8
sold
$248,696
applicable
expenses
SCancellation
building
on
li$141,030
other
on
the
1,740,508 shares
on
the
1,694,749
shares
outstanding in
outstanding in
v V -
Consolidated
Balance
Sheet,
July 31, 1943
$336,533;
receivables, $457,026;
merchandise
inven¬
tories, $1,344,305; paper stock, supplies and postage stamps, $123,964;
prepaid catalog costs, $12,727; Federal income tax refunds arising out
of
sale of building to U, S. Government in
1940, and accrued interest
thereon, $79,107; rental-purchase deposit on Kansas City, Mo., plant—
balance, $58,650; equipment, furniture and fixtures, $38,632; unexpired insurance and prepaid expenses, $23,967; intangible
assets, $610,531; total, $3,085,441.
Liabilities—Notes payable to banks, $150,000; accounts payable (in¬
unamortized
cludes
for
$203,288
for
refunds and
capital stock
—V.
158,
p.
merchandise
in transit), $316,859;
due customers
orders, $262,535; accrued taxes and other ex¬
unfilled
due
(par
employeels
$1),
$233,014;
penses,
$1,740,508; surplus,
for
stock
participation,
$201,359;
$181,167; total, $3,085,441.
1072.
Years Ended
(& Subs.)—Annual Report-
April 30—
profit
Interest
less
oper.,
and .royalties
Total
and
selling,
sundry
income-
64,614
paid
12,923
$2,069,408
$2,007,302
——;
;
obsolete
on
Sundry
1942
$1,994,379
admin.
income
Interest
Loss
from
1943
$2,004,794
Gross
2,652
inventory and equip, chgd.
Federal
normal
179,169
10,610
income,
excess
profits
profits
319,850
and
431,000
570,600
declared
tax..—
excess
17,152
*986,800
surtax
value
Federal
tax
income
8,304
'
off
deductions
taxes
provision
for
prior
20,400
18,023
______
$710,123
Unused
21,350
$780,756
year
Cr73
Underprovision for prior years
Cash dividends declared:
On
preferred
On
common
Earnings
stock
86
stock
234,643
—
per: share
on
deducting
debt
117,335
shares
common
retirement,
credit
of
4,427
»
304,592
and
post-war
$6.05
$110,000
$6.65
refund of $3,000.
Consolidated
Assets—Cash,
Balance
Sheet,
April 30, 1943
U. S. Treasury notes—Series B, $100,031;
receivable, $1,481,964; reimbursable expendi¬
tures
on
facilities contract, $108,490; inventories, $4,069,788; other
assets, $174,060; property, plant and equipment, $1,313,666; deferred
charges, $91,985; total, $8,025,431.
contracts
and
$685,447;
accounts
Liabilities—Accounts
U.
S.
payable,
Including
estimated
Government,
expenses,
$2,239,141;
dividend
$40,420; Federal and State taxes
payable,
on
income
refund
$58,660;
due
the
accrued
(est.), $1,381,000;
par), $1,138,681;
reserves,
$346,537; common stock
$98,437; earned surplus, $2,723,378; common stock in
(27 shares at cost), Dr$822; total, ;$8,025,431.—V. 157, p. 1183.
(117,347 shares,
no
surplus,
treasury
National Biscuit
The company
filed
a
Co.—Denies
FTC
denial Sept. 28 to
a
Charge—
Federal Trade Commission
complaint charging the company with violation of the Robinson-Patman
Fair Trade Act.
No date has been set for hearing the
case, in which
the company is accused of having granted unfair discounts to certain
customers.—V. 158, p. 675.
is
doubled
•Nash-Kelvinator
received
38,651
i V
1941
Fed.
estate
1943
Government guarantee to the banks of 90%
% of 1% on the unused portion of the
is 2%%.
Aside from the contract termination features of the loan, however,
the credit will be utilized to finance Nash-Kelvinatbr's
greatly increased
war
,
capital
capital
production work.
the
$3,349,754
$719,205
118,926
taxes
war
the
program
1940
;
>
$4,140,109
operation
21
York
and
$75,000,000
combines
1941
$5,730,375
5,494,054
profit
♦After
Bank
1942
,
$9,722,482
—
compensation.
Corp.—To Receive $75,000,000 Bank
Lewis,
*
stock.—V. 157, p. 1745.
fiscal
.
worth of preferred stock, present holders would re¬
granting the privilege of buying three-fourths of a
tommon
one-fourth
in
of
share
present
ferred
$100
warrant
a
$100
$100 each.
A,
National
Chase
each
loan
proposed reorganization plan for the company and its subsidiaries
filed Sept. 28 with the Interstate (Jommerce Commission by the
and
protective
committees
representing
mortgage
bond¬
Under
the
balance
leading banks throughout the
country with which the company also has had close business relations
over
a
long period of years.
but
RR.—Reorganization Plan Filed—
*.
real
ther adds:
1940
$464,250
r.nmnany
amount
of
ducing organization under the terms of the new "VT"
liberalized
credit regulations which were announced
early last month in a joint statement issued by the War
and Navy Departments, the Maritime Commission and
363,462
.
Pacific
from
agreement
This is the first loan to be made to
1941
income—
987.
Missouri
this
Subs.)—Earnings—
1943
and
9,003,278
*Loss.
State
financing of
,
was
tentative agree¬
a
finances.
$616,525
1—
railway..
or
to $547,455.
Howard
1942
income
railway..
oper.
contracts
war
office
Regulations
—Arrangements have been completed by this corpora¬
tion for a $75,000,000 bank credit for the financing of
war
production contracts and to provide immediate
working capital in the event of the termination of any
of these contracts, according to an announcement made
at Detroit on Sept.'23 by George W. Mason, President,
$621,131
-•
July 31—
returns
National Battery Co.
160,401
railway
oper.
From January
of
to $0.63 a share on the
1943
railway
3353,557,
report,
$610,605
Augustfrom
local
Credit Under New "VT" Liberalized Credit
the
Monongahela Ry.—Earnings-
Net
profit
effect
net
Nash-Kelvinator
y
66,730
473,640
158, p. 1280.
Gross
the
1942
The
From January 1—
from
1,064,593
for
Net
$202,296
179,179
with
The company points out that subsequent to the issuance of
report, such agreement was revised at the instance of the
Adjustment Board to provide for the increase of the price ad¬
justment to $2,632,943 and that the revised agreement has now been
the
1942 is equal
1943
156,003
reached
Price
annual
,
been
published.
executed.
$305,074
from
2,172,271
Assets—Cash,
justment Board of the War Dept., subject to approval by the Board in
Washington.
Such reserve was reflected in the 1942 annual report as
Missouri-Kansas-Texas RR.—Earnings-
Gross
■•■A-rAAA
Renegotiation
«
11,190
158, p. 987.
ry.
1942.
8,682
railway.—
1,885,890
2,887,784
-
exps.——
for
1942.
for
11,737
oper.
3,652,212
3,424,462
deductions
tGain
net
*5,695
railway
from
Net
of
ment
oper.
Net
effect, if any,
in the opinion
25,035
railway
5,308,666
income—
.
from
§Income
$0.37
.•
1940
p.
128,812
9,871,066
issued
proceedings.
The report states that,
of
the management, however, no refund for the first half of this year will
be required if a renegotiation settlement for 1943 is made on the same
that
.268,805
.
546,050
$101,912
from
Gross
$921,249
...
renegotiation
as
198.840
sell,
income
.
_.
subject to the
are
522,618
$1,225,730
'
12,554,579
sales, oper,, ad-
$Prov.
.
305,415
earnings
1940
422,226
17,649,937
October
Prov.
1948
I
taxes....
above
1941
$1,584,261
1,028,835
256,148
employees'
The
1942
$2,694,302
cred., int., disc. etc.
Other
Corp.—Earnings—
23,763
From January
—V.
\
1941
from
from
ry.
: «v v.
•. •
•
$116,595
August-
Net
AvL ..'v
^
(1)
St. Louis Ry.—Earnings—
Exp. arising from strike
charges and an estimated provision for income ancj excess
net
Net
".i-.*;
29,172
Missouri Illinois Ry.
y.—Earnings—
Gross
v
1942
'
ry.
.>
r
...
profits taxes.
list
long
a
railway-
&
Gross
in
$146,704
oper.
Net
$1.34
9,000
"♦Deficit.—V. 158,.
Net
$170,296
$0.79
"
railway——
railway.——
from
Gross
y
1943
from
ry.
Inc.
1.942'
$120,902
•.••'vv'i
and
27,431,597
10,365,865
less
min.
'.yy
v.-ii1943
share.
■...>••
Halifax
1,314,964
income—
oper.
of
Cost
604,632
$164,878
From January 1—
Net
y
"■
-
:•
■'
'
Airplane
,;',y
.—
railway
oper.
ry.
608,569
;
Lancaster,
$3,815,972
railway-
<2)Comparable earnings,for the six months ended June 30, 1942, are
'
Bank
1072.
1943
allowances
basis
railway
from
from
Gross
535,872
charges
common
r
30—-
income
Notes
982,605
346,237
August—
Net
641,894
502,781
Corp.—Earnings—
June
all
Mullins Manufacturing
-
•
987.
p.
per
.
not
Net
712,292
-
.542,158
Mosquito bomber,
158, p.
Years Ended
1,489,268
.
$98,087
19,244
-
1,156,666
432,424
income
158,
after
Missouri & Arkansas Ry.—EarningsGross
105,554
1,512,532
Outstanding shares of common stock.,.
Earnings per share—.
200,458
railway
oper.
♦Deficit.—V.
;
<>
v
railway
from
Gross
1,770,541
v;;v"-y;'-y
151, p. 3402.
♦Net
1942 »
$154,559
65,526
45,100
1943
$152,193
56,760
25,912
Cleveland;
,
National Bellas Hess, Inc. (&
122,774 t,V. 120,148
Earnings for Six Months Ended June 80,
August—
Commerce,
Mechanics National
158, p. 988.
Sales,
770,136
income...
p. 937.
Months Ended
6
Profit
Net
railway
oper.
158,
Net
19,507,654
4,422,441
Mississippi Central RR.—EarningsGross
oper.
From
Motor Finance
26,520,258
6,868,724
30,186,132
8,663,150
5,500,334
,
railway—
railway
from
ry.
—V.
railway—
from
—V.
Gross
of
and
January 1—
Net
RR.—Earnings—
August—
—V.
$3,330,066
1,242,133
874,267
Bank
Wis.;
presented at
from
Net
Montour
1940
-
Union
flags
oper.
From
Gross
.
Profit
1941
1,230,229
,
.
from
ry.
;
$3,758,198
1,529,752
1,130,719
$3,906,685
$4,616,279
1,663,694
1,221,839,
.
The
Kenosha,
Nashville Chattanooga &
Net
a
...
books but
1942
1943
from, railwayrailway
from
of
August—
setting ceilings, the regulation prohibits retailers from introducing new
at higher prices than those carried during a given base period.
V, 158, p. 1280.
Net
>
August——
Net
corporate
on
Detroit;
Bank
Mass,-
others.—V.
of
(Including Wisconsin Central Only)
,
Grdss
accrued
being
...
of
Flying Fortress,
from
Net
363,835
Bank,
Bank of
Mount
Net
n„_
363,150
354,808
45,465
>
"E"
were
the
to
Net
_
Co.,
as well as individual pins for all employees in the
an impressive and colorful ceremony in front
Hope Avenue plant at Lansing Sept. 17.
The re-enact¬
ment program for the employees at Grand Rapids took
place Sept. 21.
The propellers being produced by Nash-Kelvinator are now in service
on
some 25 types of American and Allied
planes, including the famed
violations, and that any questions as to its validity must be ruled
by the Emergency Court of Appeals set up for such purposes.
Company challenged the validity and reasonableness of Regulation
330
.
,
45,383
39,009
deprec.——
prop,
,'•*'> I v-
•
•
Trust
Lansing plants and later re-enacted at
The
of
been
on
41,813
V
Bank
National
plants
guilty of violating
the Court is satis¬
powerless to consider the validity
of the OPA regulation as Montgomery Ward had suggested.
He said he must consider the regulation in full
force as written,
determining only whether there had been violations, and that there had
Gross
Equipment
(in
excess
of
normal deprec.)—
by the following
Manufacturers Trust Co.,
tion."
regulation."
Judge Barnes said the Court
$1,372,114
$658,088
given
are
shared
its Grand Rapids plant."
Wood, General Manager, briefly outlined the history of
Propeller Division.
"Six months before Pearl Harbor there was
no such thing as a Propeller Division of
Nash-Kelvinator," he declared.
"Three months after Pearl Harbor our first carload of
propellers were
shipped. ' Today, the two large plants at Lansing and a third unit
at Grand Rapids are maintaining a massive flow of
propeller produc¬
lines
.IncMrgLVai--!-Lf—-
National
be
the
Court
is
Court
with
Cr43,5_l
125,858
after
-
$157,103
ceilings
District
maximum
$M23,516
Net
$789,232
,
taxes
price
"The
$2,420,256
996,741
revenues
ry.
Other
will
Propeller Division of Nash-Kelvinator Corp. is now one of the
world's largest producers of airplane
propellers, it was announced at
the Army-Navy "E" Award ceremonies
recently held at' the company's
injunction forbidding the . company from violating
that have been set on garments was issued in the
at Chicago Sept. 28 by Judge John P. Barnes.
The Office of Price Administration had charged violations of its Regu¬
lation 330 by 26 retail stores in 25 cities.
1943—Month—1942
1943—8 Mos.—1942
$2,502,174
$2,047,740 $16,228,423 $13,524,490
1,712,942
1,546,245 12,320,239 11,104,234
—
$99,144
,
loan
The
preliminary
Federal
(Excluding Wisconsin Central Ry.)
Period End. Aug. 31—
income
net
"VT"
Chase
Propellers—
Complaint Alleging Violations—
OPA
Ry.—Earnings
Minneapolis St. Paul & Sault Ste. Marie
revenues
45,000
642.
p.
company's
Co., The National City Bank,
Midland
Worcester,
$202,103
64,605
the
Now One of the World's
Largest Producers of
Montgomery Ward & Co., Inc.—Court Finds for OPA
A
Total
of
:,y". 26,000
...
of
six
Michigan cities,
Campbell
and
share paid last year.—V. 158,
1942, making a total of $3 per
20,
—V.
580.
p.
$189,749
profits taxes—
excess
21, 1943.
July 19, last, $1.10 on April 20, 1943, and $1 on Jan.
Distributions of $1 each were also made on April 24,
on
Oct.
&
employees' bonus
Consolidated
the 8%
on
holders
to
all
reserves........—.______
Fed." income
for
Reserve
First
declared
have
directors
The
of
and
taxes
for
Prov.
Accumulated Div.—
Miller & Sons Co., Inc.—$1
(I.)
after
profit
Marine
tional
subsidiaries)
June 26,*43 June 27,'42
charges but
,
net
Trust
All
three
and
production work.
Co.,
wholly-owned
Year Ended—
director to
a
The
Corporation.'
Wisconsin
war
The New York Trust Co.,
New York, J. P. Morgan &
all of New York City; Continental Illinois National Bank & Trust
Co,, First National Bank, Harris Trust and Savings Bank, and The
Northern Trust Company, all of Chicago; First National
Bank, National
Shawmut
Bank,
Merchants
National
Bank,
all
of
Boston,
Mass.;
National Bank of Detroit, The Detroit Bank and Manufacturers Na¬
4,676,284
Including
elected
been
has
two
to
Nash-Kelvinator
institutions:
The
Monogram Pictures Corp.—Earnings—
Midvale Co.—New Director-
in
completely
over
Aircraft
,
55,309,654
11,337,267
31,010,914
United
plants,- located
The
1280.
p.
of
Bankers
27,631,804
railway
158,
1,521,982
666,356
'
•
.
1940
v
$7,195,842
1941
$9,959,091
' 3,563,953
2,611,006
8,057,433
4,932,240
9,459,639
January 1—
Net
''
1942
1943
railway— $20,042,622 $17,070,260
from
Gross
865,054
948,867
1,223,228
515,499
273,786
railway—-
from
ry.
From
From Jan. 1—
890,824
from
Net
54,126
21,641
from
Gross
'
'
August—
,1940
/
Monday, October 4, 1943
Division
-
National Lead Co.—Insurance for
Employees—
Additional
protection has been provided for employees of the. MacTitanium Division of the above company,
at
Tahawus, N. Y., with the^extension of its group program to,include
accident and health coverage in addition to the life insurance and
Intyre
Development,
annuity plan already in force.
made
The
by
Otto
Announcement of the
new
schedule was
Resident-Manager of the development.
underwritten, by the Metropolitan Life Insurance
Herres,
plan is being
Co.
on
THE COMMERCIAL & FINANCIAL CHRONICLF
Number 4217
Volume 158
cooperative basis whereby the employees contribute fixed
the employer bears the balance of the entire net cost/
a
-amounts and
following the date of the order through brokers and dealers on New
York Curb Exchange- or in the over-the-counter market or at private
Carroll,
P.
elected
been
—V.
the company's Chicago branch, has
He has been with the company since 1910.
director.
a
of
manager
not
time
New Directorwaiter
of
Association
The
National Can Corp.—Earnings—
1941
$5,522,120
5,835,507
$4,853,105
4,815,069
—1—$809:095
$313,387
94,968
*$38,036
59,173
$218,419
*$97,209
expenses..—
Other
income
34,722
________
number of
reports
$7,886,182
7,448,554
.
*$437,628
35,356
State
&
inc.
taxes
of
2.32%
the
over
of
directors
The
125,074
125,651
—
62,550
$27,865
*$284,783
23,826
——
takes
.
—1—„$858,893
loss
Net
$242,245
$858,893
—
adj.
years'
♦Profit.—V.
payable
$100,
157,
Curb
York
Cleveland, Ohio.
Co.—Depository—
The
See also V. 158, p. 1281.
the
no
Div.
of $1.50 per share on the $6 prior preferred stock,
both payable Oct. 1 to holders of record Sept. 28.
On
31)
.value,
par
July
common
payments
made: July 1,
158, p. 89.
were
10 cents;
Sept. 30, 30 cents;
and Dec.
30, 20 cents.—V.
25 paid a dividend of $1.62% per share on
on
the 6%%
cumul. preferred stock, par
record Sept. 11.
A like amount was disbursed
March 17 and June 17, last, and on March 14 and Dec. 14, 1942.—
Split-Up—
The stockholders at a meeting
held on Sept. 24 approved splitting the
company on the basis of four new shares for
outstanding,—-V. 158, p. 1281.
the
of
shares
each share presently
Operating revenues
Operating
Federal
Other
Property
retire,
appropriation
144,759
1,013,445
1,378,938
75,487
898,387
878,247
60,800
730,000
713,200
78,906
reserve
oper.
V'?/.
'
790
790
9,480
9,417
$189,228
revenues-
$196,585
17
$2,865,645
$2,255,938
888
1,328
176
Other income
Gross
income
$189,404
$196,602
$2,866,533
$2,2t»7,266
89,028
■>—
deduct.-.
etc.,
83,951
1,074,088
1,032,093
/
of
First
of
business
Bank
Net
income
$100,376
$112,651
to preferred stocks
interest
dividend
of
stock,
common
25.
This
7'/3
cents
15
par
compares
paid
on
cents
Oct.
$1,792,445
$1*225,173
499,100
499,106
'
—
.
Misc.
deductions
MOS.—18i2
$84,236
$90,931
$12,790
$13,314
244
631
3,544
4,252
$13,034
$13,945
$87,780
$95,183
from
income 4———
avail,
Inc.
charges
for
Rent
fixed
$13,034
$13,930
$87,780
$95,078
51
51
358
26
4
Income
tures
$12,983
(way & struc& equipment)..
Deprec.
Federal
chgs.
$13,877
$87,396
5,702
5,329
40,003
37,313
7,474
13,833
57,865
77,848
-
taxes—
Balance Sheet
,
Items, July 81
stocks,
bonds,
—V.
158, p.
and
—.
—
_
■
1942
$152,265
—
$819,959
receiv.
Miscellaneous
Materials
Interest
Other
149,178
204,729
525
115
assets.
v.
,
:
assets—
1941
1940
$241,720
$166,206
87,327
23,806
334,940
95,060
4,046,119
1,874,230
2,316,749
680,181
1,290,446
2,186,923
719,512
the
At
F.
£.
close
of
the
Williamson,
than
balances
(Cr)
two-thirds
538,631
Ap¬
special
President,
had
"Vote
meeting
of
announced
approved
stockholders held Sept. 29,
stockholders by a more
that
the
modification
necessary
of
lease
in order to carry out the offer made by the Central
outstanding minority stock of New York & Harlem RR.
on
the basis of $125, principal amount, of new mortgage bonds of
the Harlem company for each share of the minority stock offered
in exchange.
Approvals by the stockholders of New York & Haflem
RR.
of
and
given.
the
Interstate
Commerce
Commission
have
already
been
<;\r:
■
Williamson
further
stated
that,
in
addition
to
30,000
over
shares
of Harlem stock already deposited, it is now necessary for
minority stockholders to deposit their stock with J. P.' Morgan
Inc., agent, on or before Nov. 1, 1943, to bring the total
of stock deposited to not less than 52,560 shares in order to assure
the offer becoming effective.
/-//v'/;/Stockholders of the Central also approved amendments of the leases
made by Toledo & Ohio Central Ry. and Hudsoh River Connecting-RR.
Corp., as well as the purchase of the properties and franchises of
St. Joseph,
South Bend & Southern RR.
'
^
other
Co.,
(Including All Leased Lines)
Period End. Aug. 31—
.
Of
Maint.
of
Traffic
/::•;■■■
64,709,978
oper.
revenues
of
way
and
;
'
$
$
7,812,252
54,352,066
;
41,051,692
9,502,200
-8,998,400
74,682,318
71,566.820
668,062
569,827
—
19,167,771
expenses—
1,975,175
25,638,438
,
5,043,753
4,669,087
16,575,462 146,464,046 128,168,290
1,646,391
15,266,072
13,222,982
19,005,013 172,759,649 115,025,221
Transportation
—
(rail)
revenue
from
facility
Net
oper.
income
Total
payable——
payable
98,657,423
54,427,345
12,186,240
8,376,674
7,709,913
62,437,488
48,411,636
owned
1,534,468
1,227,083
12,858,804
11,434,668
of
8,936,996
75,296,292
59,846,304
148,251
151,263
965,820
1,034,092
fixed
74,330,472
to
58,812,212
4,017,021
30,831,817
31,791,772
Net
inc.
after
5,897,999
4,768,712
43,498,655
*Includes
and
27,020,440
$66,990,920
27,447,421
6,224,800
(Includes BMT,
107,919
$118,192
707
,
170,594
184,033
1,052
..
liabilities
2,381
oper.
Oper.
exp.
$
$
rentals—
from
Non-operating
2,159,355
2,403,809
32,449
oper..—
income-
22,073,335
360.837
35,221
U.
S.
taxes..
Government
$281,669
135,345
.
$303,984
146,686
35,249
g
—
37,347
taxes
Excess
—V.
of
revs,
!
2,436,258
2,194,575
22,434,172
August—
from
Net
from
Net
ry.
railway—
railway
oper.
income—
From January 1—••
Gross
from
Net
from
Net
ry.
—V.
oper.
158,
■
railway—
railway
p.
1943
$55,402
21,857
9,606
.
434,037
194,422
93,842
—
income—
1942
1941
1940
$53,199
31,718
39,250
12,643
■■
$60,474
22,945
19,306
27,516
470,892
463,031
228,QS4^ 216,512
484,721
103,574
182,701
V
-■
•
$70,538
- -
988.
126,174
/
;
The
company on Sept. 30 paid an extra dividend of
and: the usual quarterly dividend of 50 cents per
common
stock,
were
disbursed
June
30
and
to holders of record
March 31 and June 30,
both
on
Sept.'22.
last,
and
50 cents per
share on the
Like
on
amounts
March 31,
while on Dec. 19, 1942, the,company
paid a quarterly of 50 cents and an extra of .$1.50,—V. 157, p'. 2452,
Sept, .30,
1942,
New England Power
Association—To Redeem Debs.—
The company has
asked authority of the SEC to utlilize not-in" excess
Of $i;000.000 surplus cash to purchase its 5% gold debentures,, due
April-1, 1948, and 5 Ms % gold debentures due Dec. 1, 1954.
Purchases are propored to be made during the six-month period
President
—
383,528
_
19,815,346
.
Purchase of
The
The ICC on Sept. 28 denied the application of the company, for
authority to purchase 60,000 shares of common stock of the Wheeling
Railway, such transaction not being "consistent with the
public Interest."
The report of the Commission states in part:
New York, Chicago & St. Louis RR. applied on Aug. 20, 1943, for
authority under section 5 (2) of the Interstate Commerce" Act, as
preferred stock.
The Wheeling
par).
This
amount
of
Ry.
or
60,000 shares of common stock
only objection,. to granting the
behalf of, holders of the applicant's,
-
has
stock
stock
outstanding
$55,595,558
by
a
latter,
letter
from
with
which
Ahg. 19,
1943,
document
and
the
agreement between
addressee
to
the
the signa¬
effect,
among
compensation
of
$49,900,
or
nearly $1 a share,
to be
paid by the applicant, and even nearer 2% of the
are obligated to pay to the. Taplins, if the
applicant falls through.
The services for which Otis
& Co. would be thus compensated include, negotiations (presumably)
between that concern and the Taplin interests, and efforts, expended
by Otis & Co. iri discussing the matter with officers of the Nickel
Plate, in working out the transaction before/it was fully developed.
But the prime reason urged in support of the large sum which
would be paid indirectly to this concern by the applicant is risk
arising from' the firm commitment of Aug. 19, 1943.
It appears evident from the, foregoing that the original commitmentrof Otis & Co. to purchase the Taplin shares was made under
the comforting circumstance
that an agreement existed {for early
to
be
which Otis & Co.
the
•
of
capital
stock: ($100
.issued in 1936, in exchange for an equal
having somewhat different terras and provisions.
was
'
it is of three classes^ but the shares of all classes
rights. The amount now outstanding' consists of
stock, 337,723. shares, $33,772,300; 4% "cumulative prior-lien
stock, 116,093 shares, $11,609:300, and 5,/2%
cumulative preferred
stock, 1Q2,3L39.58 shares, $10,213,958."
In 1927, a total of 51% of Wheeling's old stock, or 97% of the
\f the stock to the applicant, with an attractive margin of
liamely, $1 a share. .Insofar ^as the Taplin interests were
the contract of Aug. 9, 1943, was for an outright sale.
The Taplins were unwilling,-apparently, to agree to sell their stock
subject to any contingency. Therefore^ we are unable to discern risk
pn the part of Otis & Co. under the contract of Aug. 19,
1943, any
resale
Like the old stock,
have equal voting
common
the board it had developed that the
willing to'sell only 50,000 shares of common,
advised
are
that
stated
amount
The
on
on
this
of
deal,with
(by purchase)
Erie
the
by
things,
proposed
.
made by,
acquisition"
paid by the Taplin heirs to Otis & Co., if their stock is sojd to the
applicant, is several times the amount of normal brokerage* on such
a
transaction.
It is not far short of 2%
of the purchase price
& Lake Erie
was
and that the
19,431,818
With Public Interest—
application
directors
in the event of termination of ttfmr agreement
of sale
with the applicant,
except by performance, these' interests
will sell, and Otis & Co., will purchase the 50,000 shares of common
stock at $52 a share, plus 4%
interest from Sept. 1, 1943, to the
date of payment.
We are given to understand, if such payment is
made on or before Sept.
25, 1943, the sellers under the contracts
of
Aug.
19 will relinquish
dividends
on
the stock aggregating
$45*000.
•;../■ : V-V
'
Wheeling & Lake Erie Ry. Stock Denied- -Not Consistent
amended, .to. acquire;
of Wheeling
& Lake
then
canceled
was
returned;
other
.
269,045
New Britain Machine Co.—Pays Extra Dividend—
share
Chicago & St. Louis RR.
New York
of
the
by the latter, purporting to confirm an
Earnings for August and Year to Date
Gross
contain
88,920,257
over
operating
expenses
158, p. 1175.
not
but that he was informed that 10,000 additional shares could be
tories
Income
__—
:
liabilities..
$
$
91,848,711
8,327,568
board
directors present.
does
Otis & Co., to the applicant,
the deposit of earnest money
the contracts between the applicant
and the Taplins, and between the applicant and the McVeighs, were
executed; and, under date of Aug. 19, 1943, also, the Taplin heirs
addressed a letter dated at Cleveland, Ohio, to Otis & Co., confirmed
was
10,486,923 113,922,047 108,352,075
8,461,103
&
The
arose.
12
supplement the first resolution pertaining
shares, contained in the minutes of July
by the board to
acquisition of such
accordingly.
confirmed
1943—11 Mos.—1942
1943—Month—1942
10,864,912
Co.
record
1943,
cant
System—Earnings—
IRT and IND Divisions)
revenues.—
&
with
Our
On Aug. 19,
1943, two days after this meeting of the board of
directors, and the day before the instant application was filed, the
letter contract dated Aug. 9, 1943, between Otis & Co. and, the appli¬
—V. 158, p. 894.
New York City Transit
Otis
1943,
purchased from Mr, and Mrs. McVeigh at not to exceed $53 a share;
and made a favorable recommendation. -Thereupon the board unani¬
mously adopted a resolution authorizing the purchase of 50,000 shares
of common from the Taplin heirs at 53 and 10,000 shares from the
McVeighs at a price not to exceed $53 a share.
profits
11,641,000
17,
the heirs of Mr. Frank E. Taplin,
by
the
at 53,
Fed. income
excess
with
business.
Taplin heirs presently
fixed
———
Aug.
Wheeling & Lake Erie preferred shares from said heirs,
obtainable,
had
also
been
authorized;
and the
secretary was
The
8,785,733
3.864.892
charges...
,
.
certain
instructed
Income avail, for fixed
Total
on
other
was
11,664,738
9,911,142
per
transaction
again
9,501,858
from inc.
$53
Presumably
complete
minutes.
But reference was made to the portion of the minutes of
July 20, 1943, authorizing purchase of the 61,000 shares, and a discus¬
sion ensued.
The directors indicated that they desired that the reso
lution set forth that the common stock under consideration was that
20,
Total
:89
the
1,793,242
income
deducts,
net
Taplin
of
1,569,184
——
bene¬
agreement,
there
if
Misc.
share,
15,692,580
income
ry.
of
subject to authorization and approval of the Inter¬
Commission, to purchase said stock from us at the
share' net to you.
"You have deposited with us on account of the purchase price of
these shares the sum of $100,000, the receipt of which
is hereby
acknowledged. ..."
and now
bearing the endorsement, in the margin: "The foregoing
correctly states'our agreement. (Signed) The New York, Chicago &
St. Louis RR., by J. W. Davin; President."
Davin and his financial asistant are directors of the applicant, but
it appears that, upon further reflection, a question as to the propriety
met
ry.
rents..>....
certificates
thep common stock of The* Wheeling & Lake Erie Railway Co. and
of
Net
stock,
the
for
price
54,607,345 468,567,904 373,704,092
7,758,333
equipment..
expenses
common
state. Commerce.
1943—8 MOS.- -1942
$
of
A,
a
your
*
1943—Month-r-1942
$
Railway
$844,901
$686
—
liability
current
than
>
1,623,739
480,492
to acquire the
5,185
$1,320,435
—„—
wages
accounts
Government
Other
38,785
,
by
5,700
class
the
for
1942
approved
purchase of 10,000, additional shares of the stock at
to the, applicant.
The price proposed to be paid
stock is $2,650,000 and for the stock owned by the
McVeighs $520,000; total, $3,170,000, exclusive of Interest.
The applicant states that it
is "informed that Otis & Co. will
receive certain compensation from the Taplin interests for services
rendered in connection with the sale of the aforesaid 50,000 shares,
but no commission, fee, or other compensation is to be paid by the
applicant in connection with the purchase of any of the shares to
be acquired."
The compensation to be paid to Otis & Co. is $49,900,
which is just short of $1 a share, and $100 less than the additional
cost, $50,000, of buying the Taplin stock at 53, instead of at the
price of 52 in the case of the stock proposed to be purchased from
the McVeighs,
Negotiations leading to the proposals herein began with a tele¬
phone message to the applicant's offices by Cyrus Eaton, a stock¬
holder, and. an important figure, in Otis & Co., and since April, 1943,
a
director of the Chesapeake
& Ohio.
The Tapllns owned about
61,000 shares of Wheeling & Lake Erie common stock.
Eaton advised
the applicant that the widow of Frank E. Taplin had informed him,
as
an
investment banker, that. she wished to dispose of her stock.
About five or six days later, namely, on July 20, 1943, John W. Davin,
the applicant's president, stated to the company's board of directors
that
approximately 61,000 Wheeling & Lake Erie common shares
recently had been offered for sale, and he understood that they
could be purchased at a price somewhere between 52 xk and 55/After
general discussion, the 12 directors present at the meeting adopted
unanimously a resolution authorizing the proper officers of the com¬
pany to negotiate for, and purchase, approximately 61,000 shares of
the stock at a price not in excess of $55 a share.
Under date of Aug. 9, 1943, Otis & Co. and the Taplin heirs had
entered into a letter contract confirming the agreement of the latter
to sell, and the agreement of the former to purchase, 50,000 shares of
Wheeling.& Lake Erie common stock at $52 a share; and on the
same date Otis & Co. addressed a letter to the applicant stating that;
"This letter will evidence our agreement to sell to you 60,000 shares
$52
365,778
shares
43,000
in
stock,
Ohio,
Ry.-^-Earnings-
$599,266
*•'
current
S.
close
National
3,640,029
Period End. May 31—
accounts -and
Total
U.
First
.
.
Miscellaneous
Other
.
1,496
206
receivable
car-service
tax
/
proved by Stockholders—
140,608
229,220
'.Liabilities—
Accrued
by
be
-
487,445
accounts receivable
supplies————————
current
Audited
&
—5,323
2,125
dividends
and
agents
(Dr)
conductors
current
Traffic
balances
from
—
and
and
Total
939,181
_
car-service
balance
Net
mailed
1281.
same
custody
the
at
etc., other than those of
companies
—.—_
Traffic
will
the
Ala.,
of
interest
ferred
988.
charges
Cash
Mobile,
agreement
shares of common, and 399 shares of-pre-.
total, 1.73%; and warrants for the purchase,
before Dec. 12,
1944, of 268,750 additional shares of common.
On
.Dec. 31, 1942, Alleghany Corp. owned 1,929,779 shares of the common
stock qf Chesapeake & Ohio.
Subject to our authorization and approval, under date of Aug. 19,
194'!. the applicant entered into letter contracts
(a) with the heirs1
of Frank E. Taplin, for the purchase from those Interests of 50,000
shares of Wheeling & Lake Erie common at a price of $53 a share
flat, plus, in the event the purchase is not paid by Sept. 1, 1943,
interest at 4% a year, from that date to the date of payment; and
(b) with Robert S. McVeigh and Mrs. Bonnie McVeigh, of Cincinnati,
reported
to the
the
as
9.762.891
1943
affliated
1943,
5,957,960
t
Assets—
Inv.. in
$94,716
consists
ficial
358
2
roads.
fixed
as
14,
1943
railway——
railway——
Net ry. oper. income
From January 1—
Gross from railway...—
Net from railway———
Net ry. oper. income.—
•Railway tax accrualsEquipment
and
joint
/.
deductions
after
2%%
Oct.
$804,351
501,260
181,565
from
Other
Inc.
(not
on
trustee,
p.
105
/.
■
——
leased
Interest
15
for
2(4%
made
Checks
1943.
158,
structures
1943—7
1943—Month—1942
—:
of
be
Mobile,
from
Other
income
Total
of
AUgUSt— '
Gross
Malnt.
>—>——
rate
will
trust
of
.
Earnings for August and Year to Bate
share was recently declared on the
$10, payable Sept. 30 to holders of record Sept.
with 12^2 cents paid on June 30/last, and with
March 31. 1943.—V. 157, p. 2452..
Nevada Northern Ry.—Earnings, etc.-
income
9,
of Mobile.—V.
per
Period Ended July 31—
Net ry. oper. income—,
Other
Bank
National
Nelson, Baker & Co.—To Pay Increased Dividend—
A
the
at
"Chronicle")
New Orleans Texas & Mexico
&
Dividends applicable
of
week's
last
Mr.
Interest,
Erie
of
1747.
p.
the Harlem
'
60,800
/
investments
Net
4,583,541
$9,556,580
4,320,840
limited-term
of
Amort,
357,630
66,108'
——
——
1943—12 Mos.—1942
$836,051 $10,100,498
499,314
expenses
taxes
taxes
Sept.
on
accumulations
holders
New York Central RR.—Offer for Harlem Stock
1942—Month—1942
$895,146
—
of
Payment
Nebraska Power Co.—Earnings—
Period Ended Aug/31—
company
to
157,
Net
National Steel Car Corp., Ltd.—Stock
common
1072.
Co., Ltd.—Accrued Dividend—
registered holders of 5% income debentures, due 2032,
appear upon the registration books of the company in:
last, a distribution of 10 cents per share was made on the
stock, making 40 cents so far this year.
In 1942 the following
1,
489,
and
by the Chesapeake & Ohio, which
ownership of 57.01% of its common
control, described by the applicant as "Inchoate" control,
of the Wheeling & Lake Erie, jointly with the applicant,
through
ownership of certificates of deposit representing the beneficial interest
in the 115,193 shares of prior-lien stock theretofore owned by the
applicant.
The Chesapeake & Ohio owns, also, 140 shares of the
prior-lien stock, so that its combined holdings aggregate 115,333
shares, and these comprise 99.3% of the prior-lien stock and 20.72 %
of the Wheeling & Lake Erie's stock of all classes.
Control of the applicant by the Chesapeake & Ohio was authorized
by us in December, 1937. The Chesapeake & Ohio has working control
of the Pere Marquette Ry. through ownership of 48.61% of its stock,
pursuant to authorization granted May 8, 1928.
Its interest in the
a
dividend of $1.62% per share on
cumulative preferred stock, par
holders of record Oct. 1.
This compares
Aug. 16, last, and $1.62% each on Feb. 10 and
pp.
deposit
1941, we authorized acquisition
controls the applicant through
New Orleans Great Northern Ry.—Correctionin
recently declared a dividend (No. 9) of 30 cents per
common stock/no par value, and
the usual quarterly
(No.
158,
*
V.
directors
on
year.—V.
has been
Exchange
National Shirt Shops of Delaware, Inc.—30-Cent
share
last
to
paid on
1943.—V. 158,
account
...
notified that Otis & Co.,
Cleveland, Ohio, has offered to buy at $8 a share National Refining
Co. common stock that is sent to the Cleveland Trust Co., depository,
dividend
11
Oct.
New Method Laundry
*$287,993
$27,865
$242,245
10,
3,210
v.-
,
1463.
p.
National Refining
The
week
declared
have
$4.87%
May
on
New
corresponding
account of accumulations on the 6%%
$100,
The
its
prior
-
„
for
Co.—$1.621/£ Accrued Dividend—
*$472,984
with
Loss
Credit
ava'lable
the
under
that
stock,
■
■
.
84,520
—
—
Fed.
»•
hours
1281.
p.
New Haven Clock
$774,373
Loss, incl. other inc.Amort., depr. & other
charges
kilowatt
trustee
a
Commission's
supplemental report and order dated July 22, 1929,
proceeding. Subsequently, the applicant acquired the certifi¬
cates of deposit representing the beneficial interest in all the trusteed
stock, and in due course acquired, in exchange therefor, deposit cer¬
tificates for the hew stock, as follows: Common, 168,000 shares or
49.7% of that issue, prior lien stock, 115,193 shares, or 99.22%, and
preferred stock, 14,800 shares; total, all stock, 53.6%.
In November,
in
for the week ended Sept. 25, 1943, as 64.878,391, compared
62,458,379 for the week ended Sept. 26, 1942, an incrtekse of
3.87%. ■■<■;/ -:Output for the week ended Sept. 18, 1943, was 64,193,283 kwh., an
increase
Loss
the
with
1940
$3,486,960
4,296,055
and
with
territory
1942
1943
sales
Cost
purchase.
of the
Output Up 3.87%—
6 Mos. End. June 30—
Nit
stock then entitled to vote, was acquired, in equal one-third shares,
by the applicant, and the New York Central and the Baltimore & Ohio
companies.
On March 11, 1929, in proceedings under the Clayton
Anti-Trust Act, the Commission required each of the acquiring com¬
panies to divest itself of this stock, and the stock was deposited
by
$23,552,500
676.
158, p.
solicited
NeVEn8lai*d at current offering prices at the
As o) Aug. 31, last, $23,110,000 of the 5% and
5*/a %[ debentures were held by the public out of
TO in each case.
original issues of $25,(
sales
1351
profit,
*
concerned,
THE COMMERCIAL & FINANCIAL CHRONICLE
1352
greater than under the contract of Aug. 9, 1949.. To all intents and
purposes the transaction proposed by the applicant
is one for the
purchase by the applicant of the 50,000 shares from Otis & Co.
No such round-about maneuvering is apparent in the deal with the
McVeighs, although we note that the contract between Otis & Co.
and
the applicant covered 60,000 shares.
McVeigh, it appears, was
associated in business with Frank E. Taplin in his lifetime, owning
'about
the
same
amount
of Wheeling
& Lake Erie stock as was
by
Taplin.
Davin
President
Net
difficulty,
64.42',;
in
Wheeling
the
serious
certain
The
objections
its
to
consummatiolw^
of
of
the
that
■These
its
recent
very
it
to
ry
Maint.
oper.
of
Maint.
tmable
Eaton's
must
Traffic
ownership
forbids
dealings
by
common
any
than $50,000
tion,
view
board
.
transaction
this
'/suggestion that
the
amount
of
'than
received
$50,000
the
in
It
In
this
record
1,988,145
15
2,382,153
land
Net
fr.
rev.
6,483,633
6,464,097
49,081,252
2,536,600
17,263,272
4,251,479
3,927,497
438,898
31,817,980
at this
purchase
have'our
stock
of
Otis
ry.
facility
rent
of
of
that,
be
rather
As
year.
than
the
since
If
have
to
it
be
Clayton
Wo
,
section
Co.
10
is
previously
Income
as
avail,
for
Eaton
after
"The
time
and
such
are
and intent
subserve.
of
there
between
to
as
that
act
of
of
purchase
thP
is
is
below,
ation
&
but
of
net
properties:
Connecticut
Co.,
1938.
■(Effective
stock
has
that -purpose
to
and
is
purchase' price
'
is
been
oi
that
shown
carrier
no
and,
funds
consistent
not
Accordingly, we find
'Chicago & St. Louis
with
is
the
June
&
2,
1936;
Providence,
Providence
&
Bristol
RR.,
and
Boston
Chesapeake
disregard
1941
$634,389
from
of
1940
,;•:
55,436
64,187
53,043
for
&
Net
5,101,914
4,129,071
810,239
457,104
207,570
163,864
*156,936
of
158,
1943—Month—1942
$105,135
Indiana
of
series
new
of
stock
(except
107
shares
will
be
in
to
accrued
will
will
issue
be
to
and
Net
from
Net
ry.
*505,119
the
receive
From
Gross
cumulative
share and
all unpaid accrued dividends
equal preference rights with all other
issued by Northern Indiana
except
and
hereafter
annual
merger
rate
of
dividends
agreement)
and
the
price
at
Indiana
$1.66%
of
Hydro
the
on
date
of
240,116
251,353
Other
7,685
116,837
125,563
Property
Western
&
will
the
pay
holders
of
the
'1941
share,
per
158,
after
which
the
common
stock
will
$428,266
216,298
99,773
$311,830
States
Power
Co.
(Del.)—Weekly Output—
increase of 6.3%'V.
an
1943—Month—1942
revenues.
158, p.
1282.
1943—12 Mos.—1942
$412,864
$5,348,995
$4,992,480
220,913
2.902,427
2,730,594
21.231
474,021
357,867
48,922
46,518
534,815
597.321
25,000
25,000
300,000
300,000
18
24
$71,316
—
$382,467
231,868
35,758
expenses
$68,805
$1,137,714
$1,006,674
taxes
taxes
Net
$235,075
129,133 r.v-;-
retire,
reserve
ry.
—1'Deficit.—'V.
oper.
Other
revs.—
income
-
(net).
203
*1,752
Gross
income
Interest, etc.. deductions
158,
2,741,617
1,830,125
1,152,685
1,035,282
735,417
587,285
A505.538
2,461,957 V
>
4,608
3,018
$68,958
$1,142,322
$1,009,692
33,742
35,646
427.863
429,956
$37,777
$33,312
$714,459
$579,736
,
2,086,738
756,449
Net
293,331
income
Dividends
;
—.
applicable
to
preferred
stocks.
334,241
Balance
Norfolk
1943
1942
1#41
Gross
from
$575,076
$682,682
$489,664
$365,206
113,504
254,994
153,922
61,569
48,356
railway.—
Net
from
Net
ry.
From January 1—
Gross from railway.
103,894
99,469
14,630
from
Net
that
ry.
—V.
—
oper.
Net
interest.
railway
income
989.
p.
Northwestern Pacific RR.—Earnings—
1943
'/ 1942
%
August—
Gross
Net
5,477,203
1,543,159
5,087,707
3.563,029
1,753,549
928,535
708,510
railway
865,785
501,644
income—
oper.
158,
$245,534
1940
August—
is
V.
-
Southern Ry.—Earnings-
334,202
$380,218
1073.
p,
153
$71,519
62,546
>71,284
3.942,049
be
1073.
p.
_
1940
January 1—
Net
On
stock
common
of
limited-term
investments
RR.—Earnings—
1942
94,554
railway—
railway—.'
oper. income—^
the
exceeds its net current assets
merger
Northwestern Electric
Co.—Earnings—
Operating
Operating
16,067
217,295
income—.
from
which
/>>%;/•;^y/-
Period Ended Aug. 31-
1943—12 Mos.—1943
$1,294,064
$516,319
from
Net
stock
value
par
Said preferred
corresponding week last year,
$1,362,642
1943
oper,
unpaid
sufficient
of
output of this company for the week ended Sept. 25,
1943,
39,883,000 kwh., as compared with 37,505,000 kwh. for the
$100,845
Susquehanna
railway—.
railway—
the
preferred stock of
consideration for the
from the date of the
perfecting
stock of Northern Indiana
per annum
per
appropriation
from
3,798
in
converted
of
Hydro
Indiana
This
Hydro
and
cancelled)
Hydro so converted, the sum of $25
plus 1/20898
by which the net current assets (to be determined as
the
Northern
Federal
August—
Gross
the-
Electric
totaled
134,555
•
1175.
York
Public
T
upon
Amort,
therefore, that the diver¬
to pay the agreed
public
a
Northern
full
or
the
Northern
14,991
deprec—_
p.
New
necessary
the
of
be
1943.
Hydro
3,674,955
income
—V.
Indiana
stock'of
in
31,
3,541
for
Hear¬
follows:
as
Indiana
will
stockholders
have
now
amount
cancelled.—V.
Richmond Gas Co.—Earnings—
proposed
the
share
a
988.
p.
'
need
the
*26,561
5,853.602
income
158,
as
each;
60,406
railway
oper.
Northern
stock
Northern
conversion.
will
to
were
cents
may
be redeemed.
In
addition, Northern Indiana will,
days after perfecting the merger, pay to the record holder
date of perfecting the
merger with respect to each share of
such
-
railway——
1
30
preferred
$536,801
135,049
838,138
January 1—
from
ry.
1942
into
Northern
summarized
shares
stock.
the
stock
1942
25
2,
stock
ibt
160,090
into
'
preferred
by
preferred
respect
-Earnings-
$752,922
income—
oper.
vision
for
it
of
such
and
said
Aug.
175,901
railway.—
revenues—%_
Gross income after pro¬
Ohio,
interest
the
which
be redeemable at $103
with
&
$899,957
railway—
r
2453.
Co.—Merger
share and entitle the holder thereof
per
within
Western Ry.-
&
Operating
the
&
$100
preferred
leases.
and unpaid real
1943
from
New York
less
of
of
are
merger.
1175.
p.
•
,
owned
Hydro,
effectuate
provided
158,
share
Co.
on
.will
Corp.
accrued
Service
Hydro
merge
dividends at the rate of 5%
of the agreement of
&
Corp.,
charges for the stated leased rentals
Colony RR., Hartford & Connecticut
Warren
Public
the
of
Hartford
Warren
RR.
p.
Indiana, such conversion also being
to
no
Old
Providence,
RR.
Co.,
1936;
Boston
Nov.
157,
rights of
thereon,
covering
RR..
July 31,
1937;
and
dividends
$2,005,039 $17,448,448 $11,349,881
Colony RR.
Co.,
11,
Period Ended Aug. 31—
the-proposed purchase by the New York,
Railroad Company of-60,000 shares
of the
capital stock of The Wheeling & Lake Erie Railway Coma'■ transaction 'Within
the ' scope of section 5
(2)
of the
'common
•pany
the
suggest, at least, a
and for the public
'
RR.
Feb.
Int.
Calvert
•
during
1
■
/
two-thirds
on
protective coloring.
here no violation of the
Eaton,
find,
Old
of these dates,
as
included
are
Western'
RR.
July 19,
*2,534,989
Aug.
Northern
following companies were rejected on dates stated
railway operating income includes the results of oper¬
these
Bristol
Net
the
not
director
a
'
oninion.
20,135,620
stock
common
1,
cents,—V.
25
transactions
presently
of
May
of
Hydro-Electric
,
Each
his
indicated,
Indiana
(a)
leases of the
charges—
and
trustee,
Exchange Commission has scheduled for October
hearing 011 applications filed by trustees for Mid¬
Midland Utilities Co.
concerning the proposed
terms:
treasury
Into
26,161,878
103
1947,
and
proposed
4,163,155
18,499,174
3,105,008
at
;
-
1,
1
Co.
The
of
measure
technically
relations
4,872,022
23,840,771
May
and
•tt Is proposed to
following
fixed
tNet
Net
of 'the-applicant
a
615,185
2,873,414
3,582,077
the
shares,
50,000
to
»re
sion
intended
that
the
applicant
spirit
designed
.
true
•
Act,
the
and
the
been
667,694
due
1943^
1,
usual
the
on
Indiana
consolidated
shares
From
itself, the dealing
does not fall within the letter of the Clayton Act; but even as to
-this the- conduct of the parties indicates'apprehension, against whicn
the fixing of the compensation of Otis & Co. at $100 less than $50,000
eeems
:
3,270,089
Gross
are
unique
inapplicable in the premises because
by Otis & Co. is less than the prescribed
case
(Dr)
August—
is
one
313,696
bonds
Dec.
stock,
amounts
year-end
Co.
,
consideration
&
a
United
of
3,251,211
Joint
of
we
a
Service
25,913^540
3,105,187
tax
of
a dividend of 25 cents per share
quarterly dividend of 37 Va cents
both payable Nov. 1 to holders of
were
disbursed on Feb. 1,: May 1 and
the
cents;
13,051,199
Railway oper. income
Equipment rents (Dr)__
10
The Securities
38,964,739
2,232,154
Railway
Gross
public
any
23
merger
oper.
accruals-
Like
Payments
2,
Northern
2,500,741
i
and
ing Oct. 15—
304,912
New York Ontario
re-
absence
of
Dec.
334,708
-Deficit.—V.
violation
the
in
may
Ohio,
&
in
any
dealing,
$2,650,000.
.Chesapeake
statute
the
be
to
of
maximum
amount
not
,1,049,206
31,096,649
:
134 557
4,804 905
mortgage
as
Sept. 21 declared
preferred
perfecting of the agreement of
person
is
1,159,293
-V
line-
'
that
13,375,162
148,113
4,179,508
and
98,767,777
9,911,723
15,513,048
15.
last.
Feb.
—V.
who at the same time has any sub¬
stantial interest in such other corporation, firm, partnership,'or association, except on compliance with the requirement as to competitive
bidding.
One of the reasons advanced in support of the contention
any
12,975,042
1,799,458
expenses
$Includes
in any one year, with another corpora¬
association when such carrier has upon its
or
119,308,638
1,509,438
Oct.
2,
301 574
in the aggregate,
directors
of
the
years.
on
necessarily
the
"^'V.
14,740,234
redemption
stock
the
on
follows;
334 375
stock.
must
<j»
1,860 355
2,016 250
„
rail
"
«t*
15,935 649
& struct-.
—
record
Aug.
1943—8 Mos.—1942
on
common
share
General
both
future
the
on
estate taxes on Old Colony and
&
Providence
properties;
also accrued
and
unpaid charges
against said properties for Boston Terminal Co. taxes and bond interest.
in securities, supplies or other articles of commerce
carrier engaged in commerce to the amount of more
firm, partnership
The directors
849,^94
RR.—Earnings— V
1943 -Month—1942
for
Northern Illinois Corp.—Distributions—
Miscellaneous operations
the Chesapeake & Ohio, which controls the applicant,
the Clayton Act (now section 20, title 15, U. S. C.)
in
of
10
few
made
7.4%- of
of
1,639,942
1,126,507
35,787,130
2,292,132
first.
come
of its resources now proposed,
justification for the
which
2,234,115
outstanding 5 %-7'/a %
called
Payment will be marie at the Maryland Trust
Co.,
Redwood Sts„ Baltimore, Md.—V.
126, p. 4096.
the interest of its stock¬
earnings tfe not
in
especial merit in
difficulties and of its
next
been
use
common
factor
directorship
Section
.
the
has
valid
a
additional
further
A
is
discover
to
this
of
•
within
than
1,236,751
i
equipment-
Transport.,
ry.
showing
2,348,928
929,033
revenues
way
of
Net
obligations
3.119,543
$
Railway
'applicant
private necessity for the
1,958,033
1,050,995
the
of
been
and
Boston
In addition to a heavy burden of long term debt the
will be confronted with substantial maturities of interest-
better
140,409
ks'/-:-.'
988.
p.
All
have
120,890
726,161
New York New Haven & Hartford
from
a
35,518
345,866
.
;
1,801,520
Period Ended Aug. 31—
Net
bearing
84,785
138,309
131,203
1940 : ,•;
$224,091
per
'quirements.
•or
93,30.6
;
income—
.oper.
158,
Providence
behalf
on
have
to
us
financial
grave
is
resulting from' current
that reduction of debt
but
seem
statements"made
numerous
that
effect
cash
dividends,
statements
noted
have
we
surplus,
out* in
"paid
of
fact,
applicant to the
holders
Net
—V.
Western
greatly in arrears in dividends on its cumulative
preferred stock.
The undeclared and unpaid accumulations on this
stock now amount to $72 a share, and no indieatiqn has been given
'of anv present plan or purpose
to clear up tneSC) arrears.
As a
applicant is
'matter
$461,787
oper. income-—
January 1—
>
Gross from railway—Net from railway
this
since
,
railway---
1941
$233,772
it
& Lake Erie from about 53.6% to about
interest would still be less than two-thirds, it
would not enable the applicant and the Chesapeake & Ohio, or either
of them, to do anything that they cannot do now, except that the
applicant could elect a director, and would be protected in case the
'Chesapeake & Ohio-should dispose of its Interest to a third party,
and it would more effectively preclude the possibility of some third
'party acquiring control of the Wheeling & Lake Erie.
Except for
reference to our modified consolidation plan, published in pursuance
of section
5 (2-3)
of the act, as those provisions existed prior to
;
approval of the Transportation Act of 1940, these are the only con¬
siderations, other than
investment value, urged in support of the
applicant's proposal to spend over $3,000,000 to purchase the stock.
So far as the record shows, no .other purchases of Wheeling & Lake
'Erie stock by the applicant are now in contemplation.
•>
:
^
We have
said in a
proceeding to which the Chesapeake & Ohio
was
a
party that applications for authority to acquire control of
railroads under the Interstate Commerce Act must be supported by
•a
clear and
strong showing of public gain.
In/contrast with the
meager
showing as to any public interest that] would be furthered
l>y the instant proposal or, indeed, as to any, aatual reason therefor,
•we
think that,
so
far
as
concerns
thdvpublic interest, there are
Ohio
&
from
ry.
North Avenue Market, Inc.—To Redeem Bonds—
:
1942
$226,802
railway-—
From
is
would seem, secured these interests'
agreement to sell 10,000 shares of their stock at S52 a share.
The
record
contains
considerable
testimony as to physical
and
traffic relationships between the Wheeling & Lake Erie, New York,
•Chicago
&
St.
Louis,
and
Chesapeake & Ohio railroads.
These
relationships have not been disturbed by trusteeing the stock for
which the applicant and the Chesapeake & Ohio own the certificates
of
deposit.
It is not contended that ownership of the additional
shares would improve these relationships in any way.
On the other
hand, it is conceded that, although ownership of the additional stock
would increase the total interest of the applicant and the Chesapeake
much
without
and
Connecting RR.—Earnings1943
from
Net
acquainted with Mr. and Mrs.
McVeigh.
When it developed that the Taplins were unwilling to_ sell
more
than 50,000 shares of their stock, Davin approached McVeigh
owned
York
New
August—
Gross
Monday, October 4, 1943
2,927,325
from
railway—_
railway—.
from
$649,894
ry. oper. income—
■'Front January 1—
49,612
Gross
158, p. 1282.
from
110,436 ':
90,569
70,387
55.339
2,249,035
2,125,249
'
railway.—4,148,017
3,039,336
from railway—
1,191,522
ry, oper. income.i_f :
783,536
"Deficit.—V. 158, p. 989.
602,033
161,914
*42,902
286,479
*127,531
% *297.462
Net
Net
'
Norfolk & Western Ry.-
1940
$367,641
171,210
122,343
1941
$413,537
$513,692
187,663,
Net
455,065.
,
254,7-28
-Earnings-
'
Interstate
to
>
Commerce
consistent
be
tion
must
be.
with
but that / the transaction - is not shown
public interest.
It follows that the applica¬
'V
-yVv
Act;
the
denied,-
'
Young Evidences Surprise At Decision—Robert R.
Young, Chairman of the Board of the Chesapeake &
Ohio Ry. and Alleghany Corp., issued the
following
; statement:
It is with surprise that we have read the decision, of the Commis¬
sion, although we might have been prepared for this surprise by two
inspired articles published in a certain New York newspaper over a
Washington dateline indicating that the Commission was going to
make a special target of Mr. Eaton's relationship to this transaction.?,
In .1941 the* Commission
approved "joint control" through owner¬
ship of certificates of deposit of the Wheeling & Lake Erie Ry# by
..: the Chesapeake
Ohio and Nickel Plate:
That decision necessarily
Period Ended Aug, 31—
Ry.
,
operating
r.i
1943—Month—1942
1943—8 Mos.—1942
Oahu Ry. & Land
$12,767,159 $12,055,847 $99,923,389 $89,450,436
1,165,349
1,229,.713
9,752,228
9,241,354
Maintenance of equipt..
2,449,417
2,496,269
19,953,526
18,730.410
Traffic
164,411
155,611
1,376,792
1,253,702
Tranportation rail line
2,835,294
2,421,388
22,364,025
18,918,920
Maint.
of
Miscel.
Net
struct.
operations
General
Ry.
revenues
way &
ry.
•
60,537
234,206
_
expenses
oper.
tax
49,201
218,759 ;
$5,857,946
revs.—
accruals
459,036
,
,
A
This
12,
:293,656
1,921,713
.
*
4
involved
determination by the Commission that the relationship be-
a
tween
the companies was consistent with the
public interest.
decision would seem to be inconsistent with the 1941 decision.
:
the financial position of Nickel Plate and its accumulated
in
question
then
this
phase
of
the
Net
;
If
it
is
preferred
problem
by
>
.
sides of
tion
to
transaction.
competition,
'
in
the
this
case
holders.
These
ten
directors could
relationships by opening the sale of the bond
in
favor
The
of
have
issue
Commission,"however,-rendered
the bankers
of
instead
in
its
avoided
in
ques--
decision
favor of the
stock¬
The
Commission, while mentioning the existence of
relationships in that case, declined to take jurisdiction over it.
strange
and
-
member
The
Eaton
the
.
-
that
the
drag Mr.
of the
fact
Commission
Eaton
that
its
Nickel Plate
should
a
well
shut
decision
Net
-V.
knows
that
gone
one
is
the
the
Nickel
more
Plate
no
choice
bttt
the Taplins insisted upon.
Mr.^Eaton's only relationship to the Nickel Plate is that he is a director of the Chesapeake & Ohio.
It seems quite unfair to punish the
Plate
for that.—V.
158,
p.
1281..
tant
York
Hanseatie
Corp.—Promotions—
out
the
reorganization
if
and
order.
and
has
the
when
has
It
.
reserved
U.
S.
It
the
right
to
Commission
prosecute
Court: will
hear
a
pending
it.—V.
,.7 v.,-':Z
...
1944,
plan
a
were
as
recently
declared
holders
on
follows:
and
Dec.
of
record
on
12
and
March
12,
30
16,
60
the
Sept. 5„
March
June
cents;
157.
cents,—V;
Exchange .•.Commission has set Oct. 13 for
The
<
a
hear-
<*•>.
J
! i
j\
transactions,proposed are summarized as follows:
^(
proposes to sell 91,577 shares of common stock (no
par),
Gas & Electric Corp. by'means of competitive
bidding pur¬
Derby
suant
to, the
provisions of Rule U-50 promulgated under the
Public
Derby Gas & Electric Corp.,'a
holding .company; and a subsidiary, of Ogden
Corp., owns
all the outstanding stock of the
Derby Gas & Electric Co., the WallingfordlGas -1/iglit :Co., and the Derby Gas
Electric* Corp. of Conn,
(inactive).
'-;.'• •: > •■ '•
Utility Holding Company Act of 1935.
is
announced
that
,
Eric
Cook
Trade
is
Solicitor
158,
a
Building,
for
Water
the
company
Ct.,
St.
is located
and
John's,
.
the Board
in
Newfoundland.
Ogden Corp. states that it desires to consummate, the
aforesaid trans¬
in order to comply with the Commission's
order of May 20
a plan filed by Ogden Corp.
and subsidiaries under
1943,: approving
Section
■
comp'anies
North American Investment Corp.—Accrued Divs.—
declared
a
cumul.
Oct.
per
20
to
share
on
the
(?%
V.
158,
p,
preferred stock,
holders
paid
of
the
on
preferred
989.
•
■
both
record
and
on
Sept.
5%%
stock
dividend
on
68%
one of
account
30.
preferred
Jan.
of
20,
cents
This
and
April
share on.
share oh the
per
75 cents perof
or
Act
designed
,
to
enable, the
public utility companies.-t-V,
Ohio
Edison
Period Ended Aug.
Gross
Ogden holding
Operating
Deprec.
and
General
Federal
Fed.
31—
:
expenses
—
Income
exc.
—,-
amortiz.—_
taxes
registered holding
158, p# 989.
*
/;.
1943—Month—1942
930,657
654,237
9,474,339
280,676
278,757
3,360,436
547,563
573,876
2,390,443
2,412,530"
1,063,300.
3,965,500
2,128,600
$6,956,647
taxes..
profits
1943—12 MoS.-~1942
$2,304,911 i; $1,968,757 $27,210,664 $24,900,248
taxes,;
Int.
income
and
Net
compares
20
60
with
cents
and July
7,862,405
3,230,056
i
2,535,900
—+
$546,015
$461,887
deduct..
286,920
285,933
3,494,899
$6,730,756
3,440,866
$259,095
other
$175,954
155,577
155,577
$3,461,748
1,866,923
$3,289,890
1,866,923
$20,377
$1,594,825
$1,422,967
incfime
Dividends
on
pfd. stock
accumulations,.payable
with
com¬
€0.—Earnings—.
revenues
Gross
directors have
the
.
,
The
of
11(e)
pany system to conform with the,requirements;of Section
1Kb) of the
and directing Ogden Corp.,
among other things, to divest. itself
of all Its interest in all of its
subsidiaries which are
Act
"*.-V
,
Ap¬
1942
21, 50 cents;
to
paid
actions
petition presented to the Supreme Court of
Newfoundland on Aug, 27, 1943 for confirming the
prpposed reduction
of the capital stock of the above
company from $5,000,000 to $390,000
will be heard by the Court on Get.
11, 1943.
;
6%
158, p. 1075.
with .the
Supreme
the^1/^ cumul. preferred stock,
New York & Harlem RR.—New York Central RR.
Stock Purchase Offer—
,
*;
■'.
North American Financial Corp., Ltd., St. John's, New¬
foundland—To Reduce Capitalization^; v/';
Steindecker, Assistant Treasurer, and Maurice Hart, Assis¬
Secretary, have been elected Assistant Vice-Presidents.—V. 154,
See New York Central RR.—-V.
filed
1282...
p,
H.
proves
,'
April-14,
tp ..carry
I'. 435.
,
during
60 cents; Sept.
was
11
share
) / pgden Corp.
•
North American Co.—Gets Extension—
of
New
Otto
share,
per
on corporation's proposal to sell at competitive
bidding 91,577
shares of Derby Gas & Electric
Corp/s 110-par value common stock.
$1,507,324 $14,311,624 $12,290,716
.
to deal with the Taplins through the agents
Nickel
$1,830,826
989.
p.
•
when
cents
[ing
$1,683,637 $15,720,852 $13,701,887
176,313
1,409,228
.1,411,171
176,136
-The company, which was directed on April 14,'
1942, by the SEC
to'divest itself of virtually all its units except the Union .Electric,
Co.'.
of Missouri and its subsidiaries, has been
granted until
appeal
is
.
surprising
had
$2,006,962
•
debt—
30
The Securities and
3,974;916
Brl2l,640- v Br64,423
$1,632,344 $15,337/150 $13^647,970
*
51,293
:
383,702
• 53,917
69,711
income
It
out of its way to make the
all
(bal.)
income——'
158,
of
eyes to that situation
when he was not even a
•
had
prominent
$1,937,251
funded
on
dual
its
here
board,
the Commission
relationship
Commission
into
income..
items
5,579,723
Payments
per
payable Sept..
registered
Nickel
their dual
oper.
inc.
Gross
Int.
possibility v
: both
Drl5,335
can
the acquisition of the stock by Chesapeake & Ohio rather
Plate and counsel are giving consideration-to thjs
( ."/
;V t'/.'
In
the recent decision by the Commission
approving the issue of
bonds by
a
subsidiary of the Pennsylvania ten directors were on
than
540,546
Dr29,079
last.
of
Le avoided by
:
ry.
$9,879,067 :,$9,737,477
"
677,708
(net).
facility rents
Other
$1,107,134
Today's
:
! dividends' which 'is
Jt.
$1,288,622
with
compares
Co.—Pays 50-Cent Dividend—
cehts
Ogden Corp.—SEC Sets Hearing On Plan to Sell Derby Gas Stock^—
-
Ry. oper, income—Equip,
rents
(net)——
50
p,
$5,484,905 $44,096,069 $39,223,877
4,377,771
34,217,002
29,486,400
4,569,324
of
stock, par $20,
June 20,
: 1,788,517
.
dividend
common
55 .cents
per
20,
.
share
last.-—
Balance
-V..
$103,518
158, p. 989.
(Continued
on
page
1381)
•
.
4
Volume
THE COMMERCIAL & FINANCIAL
Number 4217
158
Itock
{(»
DAILY
mew
WEEKLY
-
CHRONICLE
1353
,
stock
rone
NOTICE—Cash and deferred delivery sales are disregarded In the day's range, unless they are the only transactions of the day, No account Is taken of such
United States Government Securities
sales
the Mew York Stock
on
furnish
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
we
a
Daily Record of U. S. Bond Prices
Treasury
Sept. 25
Sept. 29
Sept. 28
Sept, 27
Sept. 30
Oct. 1
Daily Record of
■
U,
8.
Bond Prices
Treasury
( High
4y<6, 1947-52
1 Low
(.Close
'
■
Low
(High
2%s,
Total sales in $1,000 units
Low
units
(High
100.7
100.8
100.8
100.8
100.8
Total sales in
100.9
100.7
100.8
100.8
*1 "
3
$*3
High
101.13
101.13
101.13
Total sales in $1,000 units
100.22
Low
100.22
(Close
100.22
Total sales in $1,000 units
*1
*1
2%s, 1951-53'
$1
(High
\ Low
1
Total sales in
$1,000 units
(High
-J Low
2%s, 1952-55
(Close
$1,000 units
Total sales In $1,000 units
f High
\ Low
3yas, 1949-52
High
2y4S, 1954-56
(Close
in $1,000 units
Total sales
in $1,000 units
High
Low
38, 1946-48
(High
2s,
1947
Low
Close
[Close
Total sales In $1,000 units.—,
Total sales In $1,000
(High
\ Low
1951-55
Low
•
(Close
units
High
2s, March
1948-50
how
[Close
Close
$1,000 units
Total sales in
(High
2%s, 1955-60
$1,000 units
112.13
Low
(High
112.13
Close
112.13
In $1,000 units
2s, Dec. 1948-50
Low
[Close
Total sales in $1,000 units
*1
(High
103.21
T
103.21
—] Low
2%S, 1945-47
Close
High
2s, June, 1949-51
[Close
103.21
Total sales
*2
Low
•
■
in $1,000 units
(High
f
Low
2s,
Sept.,
1949-1951
.•{
[Close
Total sales in
[High
\ Low
$1,000 units
:—<
-
[High
2s,
Dec.,
t Close
1949-1951
Low
(Close
•
ft—
Total sales In $1,000 units
„
High
(High.
Low
2%s. 1956-59-
2s,
March, 4950-1952
•!
[Close
Total sales
in $1,000 units—
•
[High
Low
1958-63.
2s,
Sept.,
1950-1952
-{ Low
Close
[Close
Total sales in $1,000 units
1:
Total
sales
in $1,000
units
(High
(High
\ LOW
2%8, 1960-65
2s,
(Close
Total sales
1951-55
Total sales in
$1,000 units
—
(High
1 Low
1945
2s
1953-55
J Low
[Close
-
[close
Total
sales
in
$1,000 units
Total
sales
In
$1,000 units
—
(High
2Vis,
[High
1 Low
1948
Low
•
Close
in $1,000 units
(High
2Vis,
how
(close
in $1,000 units.
High
2%s,
(High
Low
[Close
n
2%s, 1951-54.
Total sales
—
j High
_\ Low
(Close
-
(close
Total sales
5
(High
{
101.13
3V»s, 1944-46
3y8S, 1946-49
loo
1
2Vis, 1967-72
101.13
(Close
100
.
101.13
Low
loo
100
'$1,000 units
100.9
(Close
Total sales In $1,000 units
100
(close
100.9
100.7
100
Low
I
\ Low
in
Oct. 1
i
High
■
3%s, 1943-45
Total sales
Sept. 30
100.3
1964-1969
Close
3s,
Sept. 29
the New York
100.3
(Close
Total sales in $1,000
2%s,
Low
Total sales In $1,000 units
Total sales
Sept. 28
on
100.3
\
1963-1968
(High
——
Total sales in
Sept. 27
bonds
(Close
V
(Close
3%a, 1946-56
coupon
Total sales in $1,000 units
—1
1944-54
year.
[ Low
Hi?h
48,
computing the range for the
fHlgh
a%a, 1962-67
Total sales In $1X100 units
^
Sept. 25
In
Exchange
'
Below
,SICf©
YEARLY
-
l%s
1948
\ Low
(Close
(Close
Total sales in $1,000 units
Total sales
in $1,000 units
f High
Federal Farm
\ Low
2Vis, 1949-53
Mortgage
(Close
3'As,
(High
3s, 1944-1949
1944-1964
Total 6ales In $1,000 units
2 Vis,
High
1950-52
Close
(Close
Total sales in
Total sales In $1,000 units
Home
(High
\ Low
2Vis, 1952-54
Saturday
i
Monday
Sept. 25
Sept. 27
per
share
$
per share
*59
60
60
*115
116
*115
*49
50
56%
56 'A
11 Vs
60
116%
49
11 Ve
49
*56%
11
AND HIGH
Tuesday
Sept. 28
*115%
*48
SALE
Sept. 29
60
$ per share
*59
116%
60
115%
50
115%
*48
50
STOCKS
Thursday
Sept. 30
Oct. I
$ per share
*59
115
*48
50
for
NEW
the Week
$ per share
593/4
*•1131/4
Sales
Friday
60
500
*113%
115
10
50
10
Par
Abbott Laboratories
4%
11%
2,400
30
Adams Express,:
29%
29%
*291/4
301/4
200*
Adams-Mills
19%
193/4
19%
*19%
19%
600
Address-Mutigr Corp.———
_10
14% Jan
Air
par
38% Jan
100
67
431/a
42%
43%
43%
44
73%
*711%
73%
X431/4
431/4
43
43i/4
*71%
73%
*71%
73%
*72
6%
6%
6 Va
6%
73%
*72
73%
6%
6%
6 %
6%
43
108
2%
.
43
*105
2%
108
*105
108
2%
2%
2%
6%
6%
103
110
23/4-
'
6%
1113/4
4,400
;
,
7%
Alaska Juneaa Gold Min,
—10
Albany & Susq RR Co
Allegheny Corp——
5%% pf A with $30'war
100
31%
23%
2%
2%
30
30%
17,500
30%
30%
29%
31
30%
31%
303/4
30%
30%
293A
31%
28,500
291%
30%
43%
44
29%
45%
30%
30%
43i%
301/4
44
9,400
28
28
27%
28
43%
27%
*43i/8
27%
72
*70Va
72
*70%
10%
*10i/4
153V4
*13%
14%
10 %
153
101/4
153
'
43%
44
271/4
,
27%
*70%
72
*93/4
10
152
153
43%
27%
*70%
10
*152%
;
27%
271/4
44
2,700
27'A
72
*70%
72
10
93/4
2,700
10
154
153
No
Vicksbung Ry Co
60
31
72
—
;
153
600
1,000
.
5%%
pf A without
Allied
&
14%
♦13%
14%
27'/a
*133/4
26
27
14%
27%
26
133/4
13%
100
261%
26%
26%
16%
15%
16 y8
26%
161/4
26%
15 %
26%
263/4
15%
4,900
16
16%
*94'/a
94%
94 V2
94%
157/e
15%
941%
161/8
94%
8,100
Allied Stores
*94%
95
*84%
38
38%
37%
38i%
37%
33
371%
38
37%
38
23%
23%
23%
23%
3734
*23%
38%
24
23%
233/4
23%
23%
23%
233/s
2,400
2%
*1%
2%
400
2
2
*1%
1%
*26
28
26%
26%
83%
*31
641/4
For
83%
82
82
31%
31
31%
65%
64
footnotes
see
64%
page
1363.
l3/4
*25
811%
*30%
65
95
943/1
94%
700
.
4,200
Allied Kid
5%
*1%
2%
*1%
*25 v2
27%
*25%
27%
*253/4
27
82
81%
81%
81%
82
*813/4
82i%
31'A
1,000
Amerada
31
311/4
31%
31%
31%
31%
1.000
Am
64 3/4
66
65%
65%
2,200
American
65
64
64%
100
Agric
8
487/a Jun
7
25
7Va Apr
112
Oct
Dec
16%
Dec
Apr
41%
Dec
Jan
69
Oct
4
Nov
6
1% Mar
.1
69% July
94%
Feb
3'% July 14
32y4Sep25
%
Oct
2
3%
Apr
6%
Nov
2
31% Sep
3%
Apr
6%
Nov
Jan
13
11.
100
64
Jan
15
7
Jan
19
ll'/a Jun
18 Va Jan
11
par
140 V2 Jan
5
10% Jan
8
16y4Jan
4
6% Jan
2
—No
ia
25
9%
45% Sep 25
31% July 2
75
May 26
No par
—.No par
Corp
Nov
Mar
10
3
Jan
Jan
8%
26%
29 Vi
.1
76% Sep
Jun
48%
61
21% Mar 30
8
28
Jan
18%
7
Dec
43
11
„
par
9
Jan
Jun
17
Jan
May
22%
57% Nov
73%
Feb
7%
Dec
16
4
3%
July 15
14y4 May 17
28% Sep
7
16V2 Sep 18
118%
•
165
Apr
Apr
149
Jan
Jan
May
12%
Apr
16%
Nov
Apr
10
11%
6%
Nov
4
64
July
81
Jan
Jan
100
733/4 Jan
7
96% Sep
No
par
26% Jan
7
43% July 10
22
Apr
30 V8
Jan
No
par
17% Jan
7
23% Sep
14%
Apr
19%
Nov
1
% Jan
13
H Aug
1%
Jan
preferred
Petro Corp
Chem
Apr
32% July 13
113
Jan
Amalgam Leather Co Inc
6%conv
13
Dec
Mar
May
39
Sep
5V2 Apr
5% Jan
preferred
1%
6
51'%
5% Jan
Dye——No
Co
Allis-Chalmers Mfg—
Alpha Portland Cem
27»%
18
1
Allied Mills Co Inc
xl5%
141%
57'/a Sep
50
Highest
$ per share
100
Industries Inc
Chemical
5
115% Sep
1942
—100
$2.50 prior conv preferred-No par
Allen
Jan
3% Jan
85
No par,
war.
Alghny Lud Stl Corp_—
Alleg & West Ry 6% gtd—
*13%
*13%
7% Jan
May
31
25V2 Feb
25,200
112
44%
29%
par
par
Reduction Inc
Ala &
—-
-No
—_No
Corp—
37
63i%Marl2
104
411/4 Jan
Acme Steel Co„
I per share
29
23
1,200
$ per share
.£8
23
56 %
Year
Lowest
Jun
Feb
11%
-
4
353/a Jan
56
*71%
153
110
IP/a
*193/8
10%
No par
25
563/4
*29%
153%
preferred
Abraham & Straus
,
51'% Jan
11
19%
io y2
No par
100
t per share
56%
301%
153%
Range Since January 1
Lowest
Highest
11
19%
*70'/a
Range for Previous
STOCK
Shares
593/4
*48
YORK
EXCHANGE
56%
*29%
32'A
RECORD
10%
191/4
31%
registered bond.
56%
30'A
2%
of
111/4
19%
*105
[Transaction
56%
*29%
3
sales.
lli/a
19%
108
$1,000 units
11
N
30'A
2%
in
56%
19.'/a
*105
Low
-f
56%
*29%
43
lot
PRICES
Wednesday
$ per share
60
sales
*Odd
NEW YORK STOCK
'
1944-1952—
1%S, 1945-1947
sales in $1,000 units—
LOW
-
Loan
(High
[Close
Total
$1,000 units
[Close
Total
f High
_•( Low
1956-58—..
Owners
3s, series A,
[Close
Total sales in $1,000 units
2 Vis,
Low
Low
CDel)
Airlines
Inc.—.
50
2% July 22
13x/2Jan
20
28% Sep
x67
Jan
14
86Va Jun
par
23
Jan
2.
10
52
Jart
27
No par
No
15
21
34
Sep
76V4 July
11
7
.
Mar
18%
13
8
Dec
43
21
.
25 %
18%
70%
Jan
Oct
Jun
24
Nov
Apr
58%
Dec
RECORD
NEW YORK STOCK
..STOCKS'.'
.
LOW AND
HIGH SALE PRICES
Saturday
Monday
Sept. 27
Sept. 28
J
$ per share
16
16 Va
16 Va
16%
16%
16%
16%
*16%
58
58
58
58
*57%
»7%
7%
37'A
AV/?
7%
7%
35%
8Vt
"86%
*178
35
114
*10 V«
14%
26
*25 Va
9
*8-
-
76-
14%
*8%
*23
*120
34%
3-
:
*44
76%
■'■■■
41
175
I
13%
66%
66%
39 Va
40
*155V.
*41
24 Va
28%
*111%
*30
156%
58%
*59%
145%
.
10
47%
*118
*85
6%
•
73%
5Va
*45
25%
15
28%
27 Va
-
*29%
.30
156 Va
156%
58%
59V4
59
59%
9 Vs.
9%
10 Va
?
47%
,r
6%
6%
6%
25%
«
47%
47%
25%
*113%
115
10%
46%
*45
73
*821/4
-
,
-
9V4
14%
94 Va
94
91
62%
26%
26%
271.4
—1
5% Jan
5
7Vs Feb
2
preferred—
50
Locomotive——No, par
39% Jan
2
46
Feb
23
35Vb Mar
40 Vt
Nov
7% Jan
2
17% May.
6
61/4 Jun
10%
Jan,
74% Sep
I2V4 Jan
8
82'/4 Sep
15
7
15% Jun
1
Invest
Co
III
of
7% Feb
11
10 Vs Jun
4
201/4 Jan
4
27% Apr
1161/4 Jan
29
Jan
4
Dec
7%
Nov
May
Apr
23% Mar
119
Jan
!§
Jan
15 Vs
Jan
42% July 27
Jan
11% Jun
6 Va Jan
154
July
172
Feb
Apr
26%
12 %
Apr
22
8
3%
Apr
8
<
142%
Jun
165
Jan
9% May
12
Jan
10% Jan
16% July 14
54
69% July 24
Jan
'
•
Refining———100
,—100
4
6%
24
32% Mar 23
Jan
,7:37% Jan
144% Feb
45
Apr
3
Feb
151% Aug 31
29% May 29
15 Va May
11% Mar
12
14
5
Jun
33
Jan
91
16%
9%
4
7'%
17% July 15
Jan
115
17% Jan
35V2
43
35% May
132% May
29
Apr
136 Va Jun
19% Jan
145
14%
May
1
15
-2
36%
144
Jun
12
Jan
100
Type Foundries Inc———10
129% Jan
2
6% Jan
14
146% July 23
12% July
1
Tobacco
6H
preferred
Amer
Viscose Corp———14
American
3.2
49% Sep
Jan
22
20
115% Jan
8
1211/4 Aug
97 Vs
par
3% Jan
5
9
May
88% July
4
—100
Jan
23
Aug
134%
Jan
49%
.
Jan
50%
Jan
Apr
143%
Jan
Apr
7%
Nov
33%
Dec
116%
Jan
Apr
108% May
2
—No par
preferred—
3%
Oct
21% Jan
Apr
34 Vs Apr
120
Oct
Nov
Feb
12
Jan
Jan
Nov
Mar
21%
Mar
Dec
Jan
148%
78% Mar
Aug 31
Oct
9% Nov
Feb
Aug 18
47% Apr
161
^o"/4 van
59%
4% Mar
May
Jan
6% Nov
Apr
8
18
12% Jan
27
52%
151/4 Apr
8V2 Jan
65% July 14
Sumatra
Feb
26%
18% Jan
—-.100
———
4 12~%
113% Feb
7
May
Jan
16% Jan
Refg—-—No par
2o
4
Nov
7
'
,
Apr
16
!'
Dec
5%
21% May
% Mar
par
conv
—
123
Oct
91/2
May
37
i
35% July 30.
4'/4 May 10
45 Vs July 27
la
—100
——
4%
V.v
Apr
Dec
2
Jan
Mar
2%
7
x26
News
San'y—No
1 Vs
25
2
Am
.27
.
21%
20Vs
6
5%
110
*105
14%
-
110
14%
92JA
91%
*86
87%
87
41
*38%
*106 Vs
106 V2
41
106 Va
*38i
1
106%
2
41
87 Va
30
29%
*111
11%
62 Vs
1,600
50
29%
29'%
32%
60%
6OI.2
25 34
3,200
11%
62 Va
62
*122
*11
12
11%
57
...
11%
*122
30
73%
73V2
73
73%
4 VS
4
4%
3%
16%
16%
16%
6%
6%
67 a
7%'
4
:
Jan
2
6% Sep
20
46
Jan
2
49
Jan
20
30
75
Sep
2%
Jan
2
40% Jun
9
10% Jun
26
7
IOV4 Jun
Feb
27
6% Jan
4
72% Jan
105
>
'./
Jan
'
79
July 23
15% Jun
Oct
2%
Apr
May
4%
28
97% July 21
7
94% July 22
39V2 Sep 20
53
Jun
20
Jan
100
Jan
4
81%
Jan
66
Jan
7
2
100
26
Va Jan
13
1
19/
Jan
8
M
vVl
4
J8% Jan
7
Line RR
£.
W I SS Lines—
—
—100
7*
pref series A.——100
5
:——50
—
44% Jan
107
6% Jan
52
Jan
No
Nichols—.
par
$5 prior A.
...—No par
Aviation Corp of Del (The).*.
3
33% Dec
8 V'4
4%
82
NOv
Oct
July
6%
Jan
77%
Jan
83
Jan
28% Dec
'■<100% Dec
27%
Jan
53
60 Vs
Jun
72%
19%
Jun
341/2, Oct
16 %
Jun
34
Jan
45
Va Jan
6U V2 Oct
33
1
Mar
14% Apr
99% July
28% May 27
13
13% May 29
57
Sep 28
46%
23%
21
Dec
43
24
111
May
May
116
4
7
Apr
9
4
1 %
Apr
151/2
28% Jan
5
85V4 Aug
2
6% Apr
Apr
2% Jun
4
3 V* Jan
8
Feb
Jan
51
Jun
9% Aug
Jan
Apr
68% July 14
7
Oct
7
6% Sep
,
Oct
109V4
13 Vs Jun
123
12
2% Jan
Jan
May 26
II31/4 Sep
9
Jan
7% Jan
Jari
Feb
34% July 22
50% Jan 14
113
4Vs
66
90 Va July 22
4
No par
27
Dec
67% July 24
38
Mar 16
106
Sep
Oct
1% July
67 V2
"
Sep
5Vs Mar
„
:
36
21
5
92
,
40%
5
6% Jan
4% Jan
Sep
Jan
12%
42
18
83% Sep 28
Jan
17
1
Mar
27% Apr
:
■
21,200
4
23
3
preferred.
—100
Tack Corp..—./——No par
Austin
120
73
*71
•
4 Vs '
47% Sep
13
1% Jan
30
112% Mar
7% May
5
conv
Atlas
1,500
71/4
27
11
10% Jan
Dec
11
preferred.:
5 lk
12
7%
7V»
7
3% Feb
Jan
/
Jan
Jan
28%- Jan
May
Jan
Atlas Powder—
1,000
*11
12
71/4
7 %
63
127
6%
14% Apr
5
34
5%
50
12% Mar
107
Mar 18
116
Jan
Refining
conv
24
23% July 15
5
20
59
Atlas /.Corp...—....
800
62%
62%
127
4%
7
7
29
preferred———.
5%
5,300
56 V2
&
Coast
22%; May
29% Apr
4
Jan
16 Vs Jan
Jun
8
71/4 Apr
100
100
—100
preferred—
Atlantic
60
112
56%
11%
57
:■
*1101/2
112
5%
Atl G
400
25%
11%
122
.
24
Apr
38%
31% Apr
2
111% Jan
3%
54% Mar 30
2
11
4
-No par
5%
Atlantic
2,400
32%
60%
75%
4
4Va
4
900
Jan
42% Jan
24% Jan
6
Apr
61 Va Mar
preferred
Atch Topeka & Santa Fe_—
3.700
26V4
7%
*73V2"
74
88
prior preferred
■
,
6,700
611/4
88
29 %
33%
112
57%
61
*11
12
%
111
122
62%
60%
60%
25 Vs
32%
26
11%
106%
*60%
32V4
60"
25%
*57
125
71/4
7%.
74
57
29 Vs
.29 Vs
60
111
11%
*11
12
71/4
112
611/4
29
29V4
7,
11%
*122
125
*11
60
26 Va
56%
*
56%
62 Vt
29
•
Va
25%
112
*56
12
*58
26%
11%
*11
29
60 Va
%
29%
:—5
Co of Illinois
70
39%
.
:
93 V2
87
88%
60%
*87
,
par
Hock Glass Corp
39%
14%.
*92%
V
87
106%
..
1
25
—50
preferred—
106 Vs 106 Vs
93%
-931/4.
88
400
500
110
14%
14%
95
*38 Va
*105
110
*105
14%
Jan
$6 conv
2,000
9'A
9%
9%
14%
76%
Assoc Investment Co
10
*9 V4
Dec
400
331%
10
9%
51%
440
37%
10
*9»4
79% July 21
Armour. &
900
83
38 Vs
*9%
9%
5
89
82%
38%
10
9%
Jan
55V4 Jan
12.50
preferred———No par
Andes Copper Mining——
20
A P W Paper Co Inc./
5
Archer Daniels Midlfd——No par
150
83
391/4
83
Feb
5%
—No vnr,
7% r preferred
——100
Armstrong Cork Co..,
...No par
Arnold Constable Corp.—
—5
Artloom Corp—————No par
7% preferred———.—100
Associated Dry Goods—
——u ■ I
6 Vc
1st preferred
100 ;
77o 2d preferred.
100.
83%
Nov
Dec
Anchor
200
73% 1
*72%
4
70%
3%
Anaconda W & Cable———,No
7,700
6
■'.,
8% July 16
$5 prior conv
:
100
47%
;// *46
•/
X.
Aug
2
Anaconda Copper Mining—
1,000
2'A
Apr
7
3% Jan
—No
Woolen.
$5 div
11%.
2JA
TVs
39
53% Jan
par
preferred.
1st
Amer Zinc Lead & Smelt—
115
*10%
11%
& Elec ——No
Wks
Preferred ———-100
"200
*114%
115
Water
$6
American
620
20%
26%
73
73
60 %
112
4 Va'
6
5
66% Sep 20
43 % Jan
500
47
,
*9%
60 Vs
26 Vt
7 Va
9 % May
2
Jan
63% July 15
13,600
46
39V4
.871/2
28
75%
2
2
42 Va Jan
1,800
25 7a
rk'
83
87V4
*122
4
1
4% Jan
Oct
56
x36% Apr
,
Apr
2,400
51/2
' '
5%
5%
10
.60%
*59
56 V2
37% Jan
5
May 27
Jan
1,200
71%
71%
71%
39%
29
60%
62%
-Ice.:——rA.———No par
preferred———-100
Corp
.——No par
May
17V4
100
6Vs
6%
6%
83%
59%
125
7%
5%
72%
87
-*122
*74
721/4
61 Vs
29%
11%
Jan
70
33 %
7,500
85
85
47%
*46
;
5 Va
87%
28 Vs
26%
Oct
31/2
36%
Sep
101V4
'
71/4
7%
7%
2%,.
*2
46 Va
87%
112 Va
*56
:
59%
■
2% May
32 Va
,
32% Aug 11
-
29%
11%
•
107
107
107 Va
*lij%
*10%
2 V4
*92
41
*38%
'
26%
11%
5%
73.
*114%
*86
87%
29 %
*45%.
26%
*20%
115
2V4
5%
14%
94
14%
46 Vs
*105
14%
143/i
41
Dec
35
7
5%
10
-
110
*105
110
Dec
42%
Jun
158 V4 July 22
4,400
".
8%
Jan
2
119
-
39%
10
*59
47
46%
83%
39%
9V4
Va
5%
% 73
84
*9%
9%
2»/i
46
6
Va-731/2
*88
-
/
*118
48
25%.
21%
*10
11%
2
Va. -4734
*93 Va
»
*10
2
27
x21-%
*1141/4
115
*114
39
29%
5V4
*45
26
27-
27
21%
10
61 Va
71%
/
5%
43 Va
'
25%
*21
39%
87%
71%
"■
*5
*46
26-
*26%
-10%
5%
74%
25 Va
•
115
1%
-
6
61 Vb
(11
87%
6%
6%
'
X711/4
.
26%
84
*105%
5
46 Va
Va
22
*39%
*38%
*85
*6%
73%
5
46
-
25 Vs
*82Vt
.
.47%
.
Jan
2
3,900
,
1 V'2
14
'
11%
*105
10
»/■>%
:
IO1/4
Dec
10 V4
21% Jan
500
144%'
Dec
Dec
49V4
25 V2
■
1
127% Jan
"
5
5
5%
48
26%
9%
144%
119?
"7%
■
*85
6%
73%
73%
73
73%
*65/a
6%
*21 ~;
*9%
7
71/4
88
*85
26%
6
61 ■
;;
■
Jan
.'53% Jan
Amer
2,2/00
2
•.
*85
22 Va
74
47%
HIS
119
Vs
145
61
18%
No par
Am
1.300
Nov
25%
Jun
Jan
Telep & Teleg Co———100
American
Tobacco————25
..-V Common.- class.;B„25
600
59 Va
a®
16
36% Apr
Nov
Nov
7%
.
Products-———1
Preferred
5,200
591%
10
10
471A
47
*118
■/,-
II8V2
f
30 %
161/4
May 10
26
July 14
78% Jun 17
v
.16%
3
,
Jan
6
6%
900
%
3 V4 May
22
American Sugar
900
.
26 Vs
'
47%
*118
119%
6%
7%
88
46%
*144%
10
10
10...
10
*47 V8
47iU
47
*118
119%
1%
144%
'
"i
1,800
156%
30
156%
60
61
60
59 Vo
143%
4
*59V4
59
•59%
-59%
144 3
H 43 'A
1451/4
144
•58
591/4
3.400
111%
111
30
156%
2% Jan
preferred
100
Amer Steel Foundries——No par
American Stores—————No par
American Stove Co—
No pur
11,565
28 VA
281/8
112
112
i'
15
17 Va
*17%
28%
156
156%
/
Feb
35
——50
American Snuxi
_
24 Vs
15
/
4"
17%
300
-
7% Mar
5
4% Apr
Preferred
145
23%
24
6
23
1
Leather-*
&
Amer Smelting &
320
.
41%
*143 Va
17%
*29%
30
156 Vs
153%
41 %
41%
*28V4
112
*29%
59
■r
112
30 V4
156 V8
•
60
59%
60
145%
-
14,300
6
Jan
/
87% Jun
12
Jan
30
10
9
2
7
Rolling.Mill—
25
preferred——100
American Safety Razor
—18.50
American Seating, Co
No par
Amer Ship Building Co
No par
910
41
153%
V2
V15
15
.:■
28
156 Va
-30
30 Va
156%
23%
14%
17 Va
-28
-
112%
*111%
112 V4
112
27%
.
29
391-2
4
10
Apr
40% Jun
4%%
200
16 %
29
Aug
1% Jan
39
American
1,500
:
*143% 145
23%
14 Vs
17%
17%
15
17Va
41%
41
145
*143%
154
153
154%
41
-
23%
}n
-*
28%
113
1%
154
24
23%
:
173,a
28 Va
*10%
39%
24 Va
14%
*17Ve
.
14 Vs
Jun
4% Jun
Jan
.4 100% Dec
5
Preferred
■
,
800
29
39Vt
41%
*21%
*113%
28%
39%
146V2
.
7 Vt
28%
39Vs
So
4,700
*15%
16%
16
28 Vs
39%
156
16
15%
16%
28%
24 Ve
17%
*
39
'
.
13%
14 Vs
671%
13%
:•• •
24
46Vs Jan
No par
No par
.—No par
preferred
Am Rad & Stand
10
176
*67
14
*401/4
15
.
67 Va
31
8
Dec
22%
Dec
29V4 May 18
preferred—
$6
5,000
14,700
10 V8
•
-Oct
7%
.
May
2
.
Amer Power &
4,300
39
10
■
13%
13%
41%
41%
.'
18
'
Mar
4
American
4,900
Jan
3% May
14
10
.—100
Co—
No par
Light——No par
preferred—.—.——No par
preferred
No par
6%
30
320
2%
14
13V4
66%
-13%
A
:
34 Va
*173
13%
14
121
39
/
176
*173
24
-./
2%
-
10%
66 %
*143 Va
24%
15
*17%
9%
13%
41 %
:
V:-
-651/2
146%
*41
146%
24
42%
13%
155
156%
2,600
Amer
39V2
66%
*143%
41%
*143 Va
2%
28%
-
Amer
34 Vs
39%
176
*173
Amer
700
121
42
10
9%
175
*16
40
Va
42
39%
-*13%
-
2%
.
Vs
41%
39%
10
24%
13%
28 V\
156
157
2%
2,000
9Vs
Dec
15
,
...92
2
conv
.v7%
.:
14 1/8
34
66
-
16%
28
39%
-
2%
42.
93/4
...
13 Va
*15%
16
28
•
39%
*172
172
13%
13 Va
/
41 Va
-
66
,
2%
3,500
:
103
2
8
Jan
110
Mar
25
1% Jan
par
20 V2
May
May
69
preferred (new)
100
Mach & Fdy Co
No par
Mach & Metals——No par
Metals Co Ltd—.——No par
5%
14
.
T'V
123
34
34%
77 Vs
16
105
Jan
American
/../'%■ 9
9
*120
34 Va
38%
10
172
!
2%
/
34%
23%
23%
123
*120
121
*8%
9
/■/:./'. 77-
77%
Jan
18% Feb
6% Jan
Power—No
Hide
conv
American
60
17,100
13 Vs
Jan
73%
104% Jun
2
27
15% Jan
Oct
33
:
6
No par
1
Amer Internat
600
-:'1
45
"
12%
14
14
141/4
23%
23%
23Vt
*76%
6 Vs
45
13%
13
-
77Vt
*8%
34%
-
13%
14
14%
8%
•
Aug
97% Jan
.
11% May
Dec
Dec
May
55% May
24% May 20
.
26
l\ 14
6 % non-cun.
,
1,800
1
.
Tiling——1
Export Lines Inc
Eor'n
American
600
8 Vs
6% Jan
Coiy—a.—-20/
American Home,
1,200
41/4
6 Va
./;
44%- 44%
..'
900
64
*62
8 Vs
6 %
100
4%
4%/
119% Feb
Apr
176
7
112% May 10
3%
74%
Apr
20
116% July 23
4
Encaustic
American
1,200
69 %.
69%
6
6
Vs
14%
8%
*120
2%.,
9%
6
45
77Vv
40 Vs
38%'
6 Vs
#441/,
3%
24% Apr
22
Feb
Mar
1
Feb
$6 preferred
American Hawaiian SS Co
900
40
*38%
V
.'V "
5
56%
Oct
Jan
130%
159
July 10
Jan
$7 2d preferred A—
•
80
96
preferred———!
.87
11,400
33 %
3%
3%
"
6 %
1,100
2
1914
*32%
64
8 Va
76%
.
.
4 'A
*62
77 Vs"
43
Va
.
10
16-
75'
&
451/2 Jun
109
Colortype Co
American
Amer
68
33 Va
69%
81/4
12% V. 13%
34%
2%
3
28
2
19%
:
*66 Va
*69
64
14Vs
9
121
-
34%
40
*13%
'
40
4%
*4Vi
*8 Vs
13
•
3%
.
44
23%
*120
•
34%
43 Va
66%
>
23
23%'
43
13%
**32%
69%
1274
-
14 Va
14%
121
*172
1,600
6,100
lVa
4
-100
European Sees—
Amer
/
91/4 May
91% July 15;
185% July29
9
33
Apr
Apr
120
Aug>18
No par
American
5%
69
*38%
44
7774
*8%
9
39%
..
*74i
19%
2
134
preferred-—:
Coal- Co of Allegh Co N
25V2
.
20
18'A Jon
par
23
43% July 14
4
Jan
July
Chicle.—-——
conv
Arat^xDistilling
1,400
5%
'
2
3% Jan
•
•
700
2%
*24%
25
75
3Va
64
'81/4
6V»
-
12%
60
;
40
■69 3a
63%
8'A
44 Va
■
12%
800
26%
-
■..
2%
"5%
19
*66 Vs
33 Va
*38i/4
4%
Vs
63
Vs
6%
*6
.
*4
..
8
8 Va
14%
10
4%
63
i
Nov
71% Jan
J—25
,—10
American Crystal Sugar---——10
6 %
1st preferred
—100
*8% V 9
9
75
18%
3.%
69%
4 Va
77
,
'5,%""
69
33%
-3%
69%
62%
6%
77
3%
%'
69%
69%
13
12%
24%
75
18%
33%
*38%
44%-
*44
*33
>.:*■
51/2
*66
-
39
8Va
*6
•
2%
*8 V2.
25
5%
■75
69
39
64
8 Vs
v
V4
19
3
4Vt.
4%
.
75:
18%
40
69%
69%
*61
26
25%
2%
:•
14%'
101
*100V4
"
& Cable Inc—.—No
Chain
American
'
'
40
*38 Va
74
.
.
101
25%
2%
9
24%
/'
5%
3%
3%
*3%
9-
-*66Va
34
34
34
34
26
*2%
-*8
25%
-
■
19%
69
*66Va
*1001/4
Pdy-—-—No
&
Car
■American
'
oVa
■
75%
18%
'
68
•
*25%
2%
-*25Va
5%
75
76
20
*66
14%
14 Va
101
Oct
49
6Va
6
200
.
9%
Apr
3% Mar
15
Am
■f/
Jan
38%
24»A Jan
5 V
50
10%
5%
4
8
64V4 Feb
310
23
"
*20
9
9% Apr
173
100
'
*10%
lT,V,v
14% ,/■/. 14%
"
25%
5%
23
14%
26
*25V4
.
25%
*20
*10%
18
60% Aug
par
Am
1,200
109 'A
108%
108%
'
5
5
Preferred —————-100
American
2,000
68 %
114%
*112
10%
*100%
-
Highest
S per share
4
127% Jan
Can-1.--—25
Preferred
90
23Vs
23%
American
2,900
341/4
68%
%/■
23
10%
14%
-
9
-
68%
23%
*20
101
2%
i'.
V *8
2%
-
*8
.
•
5%
5%
19 %
■
:
26
'
14%
/
Fdy__—r-No par
preferred—-——100
& Radio Corp_—_1
conv
Amer. Cable
900
180
34%
,
5xk°/c
15,000
/
86%r
*178
341/4 :u Vv
108
10%
*100
,
25 %
2%
'
Year 1942
$ per share
share
Jan
8% Jan
Shoe &
Am Brake
160
8
108
23
-10%
100
-
25%
•
2%
•*2%
-
%
101
*100.
100
*20
S per
41/2 Jan
27% Jan
47
preferred—
A
—50
Bosch Corp—j——„—1
6%
1,300
86%
*112 >115
103%
36Vs
8
81/4
179
%
,
Lowest
Highest
S per share
Par
American
300
••
.
131%
*131
86
23%
113%
*112
108 %
108
15
*14%
...
:
68%
69
23%
*23%
231/2
114%
10%
*10%
10%
*14%
67 Va
69V4
68 Va
23
*20
23
34
...
Lowest
Bank Note—10
American
110
8
36 %
37%
179
34
23%
108%
108%
108%.
.108
"*20
179
34
*112
113 Va.
113%
114
.
179
34%
23%
23%
23%
*23%
179%
70
69
70%
*70
179%
.
34
33%
8
16%
57%
*7
■
131%
86
33%
179.
179
180
35
8
86
7%
86
86 •': /
7%
37'A
*131
131%
131%
8
7%
86
86 Va
86 Va
131%
*131
8 Va
8
8%
86 Va
36%
36
131%
*131,
132
132
/
: 7%
7%
7%
35%
Range for Previous
Range Since January 1
.
1,000
16 Ve
57%
58
8
""v.-. /' '
'
17
58.
'
STOCK
YORK
EXCHANGE
Shares
$ per share
share
58
36%
*7%
*25
$ per
share
58
*36
■
$ per
share
16 Va
%
*56Va
:
$ per
share
per
NEW
for
the Week
Oct. 1
Sept. 30
Sept. 29
■
Sales
Friday
Thursday
Wednesday
Tuesday
Sept. 2f>
:
Monday, October 4, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
1354
70
Jan
Jan
Va
Jan
3%
31
Dec
Dec
4Vb
Jan
Jan
B
16%
:
16%
17 Va
16 %.
17%,
7
6%
6%
'
6%
7%
10%
10%
10%
10%
11
11%
59%
60
58 V2
59%
25
25
24V4
24 Vs
14Va
14%
*13 %
14%
*13
*45%
46%
*45 Vt
46 V*
*45%
17%
17%
17
17 3
16%
16%
16%
16 Va
27%
*27%
27%
27%
16%
;
'7
16%
6%
16%:
6%
10%
10%
10%
10%
11
11%
.
10%
11
10%
10%
-
10%
*10%
10%
10%
*10%
11
7
1074
preferred—
& Aroostook
Conv 5 % preferred:
Barber Asphalt Corp.
1,400
58%
58 %
58%
24%
24%
13%
13V2
46%
45V4
45 %
17
'
17 V*
16%
17%
16"%
8
58 V2
16%
16%
27%
*27%
27%
58%
58%
930
24%
*24%
24%
2,900
13%
13 3 8
13%
500
45%
*44%
16%
.
17%
16%
17
3,500
16%
16''a
16%
1,600
Bath
<
27%
27%
*27%
45
50
*32 Va
33 %
*32%
33%
*32V4
33%
33 Vs
33%
*103%
103 %
*103%
103%
*103%
103%
*103%
1037 s
*103%
1037s
*103%
*108%
109 %
*108 V2
109%
*108%
109%
*108%
109 %
*108%
109 %
*108%
109
Beatrice
103%
12%
13%
14
14
14%
32 Va
32 Vs
*31
32
II2V2
*108
113
*108
10%
%
*31
*108
10%
*10%
*32
33
33%
13 V2
13
13%
13 %
13%
32 Vt
*31
32 V4
*31%
32 V4
113
11
*108
10Tk
112
11
*108
.
13%
*31
*108
110
33
-
200
.
'
$4.25
Aircraft
Beech
Creek
1,200
10%
11
10%
10%
12%
13
13
13
12%
12%
12%
12%
12%
13
12%
12%
1,800
Bell
36
35
35V2
35
35%
35%
35%
35%
35%
35%
35%
6,500
Ben'dix
17
16%
16%
*16%
16%
16%
16%
1674
17
1,600
Beneficial
16 %
16%
*55
56
*36%
37%
15%
58%
118
For
15%
58%
118
*16%
*55%
36%
15%
*10%
.
56
*55%
56
56
56
56
56
*55%
36%
*36
37%
36
36 Va
37
37
36 %
15%
15 Vs
15%
14%
15%
.15
15 %
151,4
56%
37
-
300-
1.700
,
Pr
Best
Aircraft
Va Apr
29
4
Apr
6%
Jan
6
60
Sep
25
22
Jan
Co
Best
5,500
Bethlehem
300
4
19
23'
7
par
25
a
Jan
58 Vt
■
120
footnotes see page 1363.
57%
*118
53%
119%
58%
*118
38%
58%
119%
117%
59 %
118
59%
'
:
*117
7%
-No
-No
Corp—
47
x29
16
101 Va Jun
25
114
par
105% Aug 12
xllO
11
Aug
3
25% Jan 25
20
93
25
Jan
20
July 15
Sep
May 27
33% July 19
24% Jan
par,
.50
14
Mar 16
Sep
36
Jan
Dec
6 Vs Mar
13%
Dec
4% Apr
24% Aug
8% Jan
6%
Nov
33%
Dec
12 Vs
Jun
18Vs
Jan
15%
;
Apr
x23 Vt
Nov
20
103
Apr
Mar
12%
Dec
26
Oct
105
Oct
9
July 26
33% July 13
114
'
Aug 28
23%
Jun
30
Feb
Apr
6% May
110%
Jan
9 Vs
Dec
Nov
64
Jan
2
11% July 1
20% Mar 16
9% May
17%
—5
-No
33% Aug
3
39 7b Apr
6
Jan
13% Mar 17
17% Sep
20
28V'4 May
9Vs May
39%
par
15Vi
Nov
54% Feb
23
56 Va Jun
5
46 % Mar
54
22% Jan
7
38
July
3
17%
Apr
24%
Jan
5
17.
Jun
28
8Vs
Dec
8%
Dec
69 % Apr
6
66%
Jan
par
1
Corp—
Loan—... -No
!.
.
-No
par
91% Jan
12
4
81/2 Jan
Steel
:
1
...
.
'
57%
*118
28V4 July 14
15% Sep 21
9
13
Jan
20% Mar1 22
Foods
3,800
59%
Feb
51/4 Jan
12
2
pfd $2.50 div series '38.No par
Si
34% Jan
7
Aviation.
117%
15%
12
13% Jan
RR
Indus
Jan
2
5»/4 Jan'
12 Vs Jan
-No
Belding-Hemingway.
11
35 Va
100
7%
1
Beech-Nut Packing Co—.
112.
4Va
Jun
30
preferred—
Beech
10
Jun
41/2
,
.—...5
Creamery....—
5,300
2%
6
10
$5 preferred w w—;
321%
7
2
10% Jan
-No par
......50.
.
Works Corp—.
13%
14%
Apr
14% Apr
.—100
...
Bayuk' Cigars Inc..—
400
27%
Iron
Jun
10
2
—50
51/2 % ' preferred—
Barnsdall Oil Co±--.
*44%
9%
2
Jan
...
Barker Brothers
•
16%
:
16%
27%
,
58%
24%
24%
14
*13%
59
24%
...
Bangor
'
19% May 27
3% Jan
6
13
Ohio—
4 Vo
4,600
11
&
Baltimore
10,700
'
100
Baldwin, Loco Works v t C.¬
8.900
16%'
(Del).^—-No par
110% Jan
7
55% Jan
.——100
preferred.—
—
,
4
121% July.20
49% May
105
July
121
Sep
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
Volume 158
LOW
Saturday
Sept. 25
$ per share
*37%
*17
18.
8%
8%
36%
37
37
18
18
the Week
18
$
share
37
37%
*17%
1
share
per
:
$
share
per
37%
1
■'
is
NEW
*17
100
.834
8 %
8%
18
*16%
17'/a
°17
8%
17
17%
*96
*16
37%
*17
'95'/a
98
*95%,
15%
"16
48'/a
49
48%
48%
90
*88%
90%
99
17%
*16%
?
,
*17
17%
98
*96
98
17%
*95
.
Blaw-Knox
1,300
17%
*17
■
15%
15%
15%
49%
48
48%
:
V 90
15%
15%
15%;
98
15%
15%
48%;,' 48%
15%
Co
50
r.; 48% ; 48% : /•:;,/ 1,100
8
38% May
Jan
4
6% Jan
2
5
19% Mar -6
1114 Jun 17
_5
Bloomingdale Brothers
Blumenthal & Co preferred
Boeing Airplane Coli
Bohn Alurpinum & Brass—
,5,200
$ per share
$ per share
27% Jan
Year 1942
Lowest
par
No
....
Bliss & Laughlin Inc__
100
%
'
15%
49
Range Since January 1
Lowest
Highest
Bigelow-Sanf Carp Inc
—_No par
Black &, Decker Mfg Co—.—No par
400
8%: .8%
17%
17%
'
•
Range for Previous
STOCK
/ffar
1,400
,
*16
YORK
EXCHANGE
,
Shares
17% .18'
■
8%
8%
8%
17
17%
*98
$ per
*17
Sales for
Oct. 1
*
8%
17%
17%
share
-
Friday
Sept. 30
Sept. 29
36%
37%
17%
17%
,36%
STOCKS
Thursday
Wednesday
$ per
$ per shara
38
*17
SALE PRICES
AND HIGH
'Tuesday
Sept. 28
Monday
Sept. 37
1355
13% Jan
5
$ per share
I 18% Apr
191/4 July 14
16
No par
9y2 Jan 26
100
76..<■ Jan1
5
—_5
14
89 y* Sep
38% Jan'
7
17
v
Jun
19
8,
21
Jan
73a
Jan
8
14% Jan
58
56'% May
Dec
1934
11% Jun
Apr
12
Jan
July
1314 May
21% Mar 30
13
29
Apr
Sep
5
July 24
100
9
14% Sep
4iy8 Jan
14%
Highest
f per share
75
Dec
21%
Jan
6
25
May
96% July 29
72
May
9534
Feb
51
30%
Apr
1314 May
1834 Mar
4034
Jan
43
Dec
'
90
*90
91
*46%
47
47
47
*31%
33
32
32%
90
29%
29%
y- 34%
35%
4
47
47
47
32
33%
33%
33% 'S
47 -■':
47
33
33%
*3%
-
29%
35
29%
29%
•34%
35
34%
3%
*3%
29%
29%
35%
.29%
>*3%
4
■
29%
,
34%
*3%
3%
,.; 100
*35%
36%
40%
40%
10%
10%
9,000
9%
27%'
-36%
36
40%
*40
40%
•40%
/ 9%
10
9%
: 10
27%
41%
43%
an
36
36%
36
40%
*35%
*40
36
"
!
36
36
43%
il
ii
18%
8%
8%
*40%
41%
18%
*18
18%
6%
8
6%
.
43%
MB
%
1
40%
17%
18
16
>",43
*40 34
17%
8'A
*40%
42%
17%
8%
*116
8 %
*115
116
1,300
/-V
8'A
Manufacturing——No
Brown Shoe Co——
100
•
6%
*6%
100'A
*100i/4
50%
50%
8
8 %
834
8
51
1,400
28% Jan
20
Jan
9
1
6% Apr
1934
1734 Jan
22% Dec
Jan
28%
1% Jun
.3
Dec
Oct
25
Mar
3134
Nov
40%; Sep 24
7
334
;37% July 23
16 i
9
Jan: 4
20% Jan
4
xl5
May
2034
Sep
734 Jun
15% Jan
938
Nov
2134
Nov
26
Jan
35 34
Nov
Apr
43
Jan
1214 Apr
30% Jun
,
par
4,600
-
Bucyrus-Erie
5
"7
61/4
*
.
•}§ Aug
44
July 14
44% May 21
7
13
4
;
-
•
918 Jan
H Mar
2
1 % Mar
Co——,———5
2
18% Jun
8
13
4
4214 July 23
2014 July 10
Jan'
6% Jan
7
A
i'V Apr
1
2
76%, Jan
8
116% May 10
49% Sep
4
34 Jan
134 Jan
1034 Nov
Apr
7
5
Mfg
No par
preferred——,——-.^^100
Apr
28% July
934 Apr
35
Jan
'
1434
Oct
Dec
83a
Jan
X103% Mar
11234
Jan
6
5414 Aug 17
104% Jan 12
(E G)
,
120
30
1
-
29% Jan
par
preferred—————100
Budd
6,100
-
16
/w Jan
lOM^May 6
118% July 27
934, May 10
7%
310
50%
No
Jan
37% Jan
$5 preferred A—————-No par
40
102
33
No par
Bruns-Balke-Collender
116
-
6%
6%
*50%
51
3.
Jan'
234 Apr
4734
3 34
Dec
8534
Deo
734
Jun
Oct
"
7%
8
*17%
18
17%
19%
19
19%
33%
33%
33%
33%
*33%
33%
28%
28%
28%
28%
29%
y-i'
17%
; 19
29 %
8% ./
8%
34
?•.;
*=
*171/4
18
19%
*109
13%
*109%
13%
33%
34
29%
*109%
13%
13%
.13%
4%
29%
4%
13%'
4%
:•
,
,
'
,
600
Porge
^No
-
Co
*109
Va
100
13%
131%
—No par
4%.
4%
'
-3.100
".
37%
9%
60
40%
2734*
3 %
62
40%
9%
9%
9%
28
\ *58%
60
Y.
40
V
28
;
40%
Bush
6%
28
•.-"3%
3%
14%
14%
*72
74
72%
72%
72%
22%
22
22
22
41
Jan
21% Jan
514 Jan
6% May
6
8%
preferred———„ —.30
20% Jan
2
914 Jan
5
72
Jan
8
16
Jan
9
California
22% Jan
7
5234 Jun 24
conv
—
' 60
'
500
3
4
10% July 15
2
-2% Jan
Participating preferred—
100
Byron Jackson Co
No par
500
May
4234 May
6
Butte Copper & Zinc————5
Byers Co (A M)
No par
900
>"v
;
4
75
6
—10
A'
'
Sep 25
15% Jun
7
4
Bldg 7% preferred—100
22
.■
2% Jan
534 Sep
Sep
May
1934 May
1434 May
11%
15%*Mar
16 %
25
Oct
2634
Nov
2034
Dec
109
4
Bush Term
V
72%
*21%
35% July 19
31% Juii
7
2
Butler Bros
1,300
.
3%
14%
6
1,400
28
*3%
5
1,310
.
..
9% V
*13%
13
2914 Apr
4
9y4Jan
preferred—100
40
1
1914 Sep
8
105% Apr 20
Terminal—„———X
"
13%
v
10% Apr
5
19
Sep
2434 Jan:
20 y2 Jan
1
par
—
4,500
;
No
Burlington Mills Corp—-———1
5% preferred
100
Burroughs Add Mach—
No par
'
;
6% Jan1414 Jan
par
——
—:
Bulova Watch—
3,800
■
'
59 Va
9%
Wheel—
Buffalo
Bullard Co.
2,600
;
'
109
*37%.
Budd
200
*
19
'
58
1,500
.
"
28%
*
700
3,200
42%
8y8
50%
6%
*10034 103
103
51
19%
3%
5
Briggs & Stratton—
—No par
Bristol-Myers
CO—.
—3
tBrooklyn & Queens Tr___.No par
fBklyn-Manh Transits-——_No par
Brooklyn Union Gas„—No par
900
>
-
17%
116
18
13%
Bearing Co—
Briggs
200
.
"r
• 17%
;
116
19%
28
Oct
July 14
1,800
'
8%
*17%
4%
30
39
2% Jan'
Brewing Corp. of America—.—15
Bridgeport Brass Co——No par
i'%
100%
6%
*100%
50%
116
117
6
6%
;
8%
8 34
19'/a
13%
2
13
1,000
"3
16
*40 y8
17%
18%
28%
22 % Jan
2,400
;
xl5%
41%
17%,
July 15
3314 Sep 20
26% Jan
-
43%"/.
*1
!
16%
'
5
100
—
;
13
ua
li
■
2
———15
Corp—
Bower Roller
Jan
•
*43
:
1
V;: 1
15%
15%
19%
109 ;
600
,
i'V 27%
*42
43 %
%
>17%
*33%
1
/' <(■■■..
10
27
.
a;
43%
1
40%
102%
50%
8
v
42
■
15%
-
117
*100
'
52
27%
42
Hi
.
1
>15%
8%
*116
101
*50%
(The)
"
8%
117
101
*43
' %
1 '
15%
6%
43%
"hi
27
42
*41'/a
.
*15
41%
117
Co
Boston & Maine RR
'
; ,40%
,.",V 10
10
27%
27%
42
43%
1
16
*40%
27%
27%
*41
*40
40%.'V;
10
10
■'
1
*15%
Inc—.———
Borg-Warner
'
42%
ill
27%
41%
.
42
Borden
3,800
: V
3% '
.
•
42%
——^_No. par
Stores
•
*35%
40%
'
34%
*3 %
,
"
27%
class A—.—No par
Class B
Bond
2,000
30
:"<■/ 34%
•
3%
-.
'
*41%
Bon Aral Co
70
•
35%
*3%
47
32
•
'V
■
90%
*88%«
•
1
35%
90%
46%
46%
,31%
29%
29%
*88%
29
.
July 15
514 Apr
7
1814 July 2
83% Apr
6
2514 May 20
"934
234
Jan
Oct
334
634 Jan
Feb
40
Sep
44
18
Jan
2434; Oct
634 Feb
4%
Sep
1934
Feb
234
Apr
Nov
2134 July
334 Jan
6 34 Mar
1034
Nov
6934
Dec
95
Jan
10
Jan
17
Dec
,v ;y'" aV
t
*27%
28
27%
27%
*27
27%
*54%
55
55
55
*54%-
55
27%
27%
*54%
Vi
■
1
*16
%
7
;
7
6%
1
%5
II
*11
6%
6%
7
-
*31.
7
16%
16%
! 16%
16%
*1534
16%
21%
22%
121%
21%
21%
21%
*31
32
32
32
9
9
32%
*31
32%
9%
9
9%
*43
45
*7%
*43
44
*9634
2834
.4%
•
,
,
96%
*2734
4%
118'/a
*137%
: •<
*44
8%
•; *7
42%
9634
'
28
116
i
%
44%
300
Packing
No
par
-'
'
5 A
120
1
preferred—
Callahan
4,400
—50
Zinc-Lead—————1
4834
4834
*31
7%
*7%
43'A
43%
'
—5
6% Jan
1514 Aug
2
Dry Ginger Ale———5
Southern Ry Co
100
1334 Jan
13
Canada
2,500
Canada
50'
■
9,300
44%
300
Cannon
200
Capital Admin class A—.—
Canadian Pacific By
,
2914 Jan 23
—25
Mills———No
634 Feb
*27%
27%
4%
4%
96
\
117
96
115'j"f'
139%
3734
3734
37
10334
103%
♦122%
115
*96
A 4%
*115
$3
90
36% Jan 21
par
1
4%
40
x85
25%
preferred A——
96i%
330
27 %
27%
200
*4%
;
4%
600
117
500
Case
141
90
117
V
A
•
141
.
'
117
141
:
141
8
43'A
—10
Carolina Clinch & Ohio R,y—100
Carpenter Steel Co_—4.——5
Carriers & General Corp
—1
*96
'
27%
*4%
;
*7%
431%
...
96%
27%
.
*140% 141%
18
18
2%
*103
v
*118%
*122'A
122%
*122%
13
13%
18
18
19
:
19'
*127/«
(J I)
Co
,
2%
2%
19%
6%
*5%
,
114
*20
107%
122%
12%
122%
13
12%
12%
13
18%
18
18
18
18
18%
18%
18%
18%
2%
2%
*110
111
*110
12
*11%
12
12
12
19%
*18%
19%
19%
19%
6
*111
38%
6 34
*5%
*111
2%
6%
39%
38%
6%
6%
6%
18%
6434
65%
65%
18
18
31
31
48
4734
10834
10834
7%
434
107%
;.
•47%
109
14
20
*30
47%-
47%
108%
7%
7%
13%
1
*17%
.107%
30
108%
7%.
13%
17%
29%
:
47 34
7%
13%
20%
107%
31
*108%
7%
*20%
107%
*30%
4734
17%
20
20
*106%
71
19
19
1534
434
15%
434
14
15
18%
18
*17%
20%
*20
107
107%
31%
30
18%
15%
*17%
107
30
47%
7%
Xl2%
13%
•
13%
4%
4%.
4%
47%
200
7,000
4%
19
19
15%
15%
15%
17%
17%
17%
17%
*17%
17%
17%
17%
1,200
39%
*38%
39%
*38%
39%
38 34
381%
300
51%
*49%
51%
*49%
51%
*49 34
20
14
51%
*13%
*13%
14%
*2634
28%
81%
8134
*14%
15%
*106
*138
*72
*11434
*38
28
*26%
28%
*26
28%
80%
81%
81
81%
1434
14%
14%
14%
14%
106
43
*42%
44
7
*6%
7
35
*35
34%
35
*34
145
*138
145
*138
80
*72
35%
145
35
*138
80
*72
80
115
*114
115
38
38
108%
-72
*92
53%
53%
*52%
38
39%
38%
37
37%
37%
37%
53%
*152
155
.*152
114
*114
2234
.
2334
107
26
26%
*65%
'
18
:
Mar 19
5
Aug 27
7
7
% May 13
A--———40
A
734 Jan
7
Cotton
Oil
Oct
Jan
'
3%
Nov
82
July
104
Deo
Jan
35
Oct
134
Apr
Sep 29
23%
Jan
3% Nov
32% Dec
71
19% Apr
6
July 8
May 17
July 22
50
July 23
1083a Sep 25
15%
Sep
14%
Jun
93
Apr
19
Jan
1834
Oct
100 34 Nov
5%
Apr
934
2734
Apr
Apr
3634
Jan
98;
234
Dec
89
34
9 34
Oct
Feb
6
134
Jun
4
2134 Jun
2
8%
Jun
133% Sep
Jan
4
1534 Sep
20
4 34
Jan
734 Nov
1534 Jan
6
37
;
May 11
1734 May 13
734 May 12
234 Jan
1 034 Jan
6
22
41
54
1334 Jan
—10
8
4834 Jan
6
11% Jan 12
18
Jan
4
Apr
5
May 1
May 27
1534 Apr 30
Jun
10
NO par
——
18
27
2
5
2% Apr
Jan
334
Jun
8
3334 Jan
2
1% Jan
11
Jan
2% Nov
110
4
34
234 Jan
2334
Mar
Sep 21
13
95% Jan
Apr
134 May
Apr
41
8% Jan
No par
9734 Dec
8% Dec
634 Aug
90
Dec
734 Jun
115
24
Cab
29%
16
5
*
108
134 Aug 26
24% Jan 30
3234 Apr
6734 Jan
7
10% Jan
2
8534 July 15
1534 Aug 18
66%
334 May
14
15
16
15%
16%
15
23%
23%
23
23
15%
.
page
1363.
*65%
*114
116%
*16%
16%
15
23%
*22%
*114
*15%
14
15%
38%
*108
38%
38% : 39%
3,500 /
371/4
37
1,400
y4
|
155
*152
115
*113%
22%
*66
66%
-
*66
37-1/4
.
Preferred
Coca-Cola
200
66%
4
Apr
2% Jun
12
Jan
Jan
Jan
Jan
1134
Nov
Jun
13%
Feb
July
834
2%
521
Apr
47
1134
8% Nov
17%
3934
Aug
33
1
Dec
20
May
2
Jan
% Feb
22%
22%
106 %
105 y2
105%
50;
25%
25%
1,400,
25%
25%.
5,800
116%
*114
16%
16
16
16i/4
16i/4
400
14%
14%
14%
14i/a
14%
7,940
15%
16'A
15
16
6,890
16
15
*23
23%
23
23%
15%
116 Va
15Va
15%
*23
22%
*114
22%
15
1161%
•
y4
151/4
1,180 "
1,200
22%
600
.
.
May
28
Jan
18
120
7434 Jun
130
108
Dec
Mar
102,
Dec
Jan
23
9234 Sep 29
71% May
84% Mar
6
54
Sep 13
4834 Mar 30
47
50'
Jan
32% Apr
44
Jan
40
25%
36%
88
May
Apr
153-
Jan
4
123
July 14
62% Jan
'
May 13
July 20
Sep 21
11
67
1634 Jan
11
2434 Sep
Sep 24
10
1134 Mar
10934 July 17
97% Apr
107 34
July i§
10% May
98
May
13% May
108
10334 Jan 12
112% Aug 26
4
1934 Juy 14
100
234 Jan
2
;
100
334 Jan
2
4% 2d preferred
Columb Br'd Sys Inc cl A
Jan
2.50
1534 Jan
2.50
1534 Jan
—
72:
Feb
7
Class B
22
May
9534 May
125
11234 Nov
3134 Dec
84
3734 Aug
3
33 34 Jan 12
142
100
Dec
Jun
4
1st preferred—
Jun
Nov
Apr
Sep 22
Apr
3,
3934
67%
7
34
Mar
107%
2
1434 Jan
preferred——;
Oct
Jun
7
Feb
17% Jan
108- Jan
conv
234
7
39% July
100
4%
23
92
32
No par
-5%
IColoradp & Southern——
22%
27
July 15
Sep
8% Jun 25
50
—^No pat
Colo Fuel & Iron Corp
.
Mar 17
Dec
1034 Aug
99
Aug
10134 Jan
par
Collins & Aikman
13
Jan
7034
Jan
4334
11634 Aug 10
39 34 Sep 22
67
No par
(The)—;
Colgate-Palmolive-Peet—_No par
$4.25 preferred.
——No par
,
23
23%
.
123
Jan
2o\
Jan
9
S
10934 Jan
4
28% Jan 22
No par
-.100
——
Co
53
13
33
-50
stock—.
-50
1—No par
■Class'A
22%
*105%
23
4%
106
10
3634 Jan
27
7% gtd.
Climax Molybdenum
Cluett Peabody & Co—
155
115%;
Pitts RR Co
Special gtd
38%
*152
66%
■
37%
*113%
23%
23
38%
108 %
155
15%
f
y4
114%
115%
26%
16
23%
115%
*25%
16
23%
*152
-
*38
114%
4
Feb
2% Jan
'
——
53
26%
117
*22%
*52i/8
25%
14
*2334
53
106%,
16
17%
Clev &
80
*52 y8
37
22%
*114
17%
20
1,600
145
93
106%
19
15
10
34%
*92
22%
1634
19%
600
300
93
106%
116%
see
Apr
18% Jun
5
38%
120
7
*92
22%
*16
footnotes
77
23% Jun
8
170
50
44
' 92%
106%
*114
18%
vA
7
*108
37
116
*10534
*72
■
38%
108%
*52%'! 53%
38%
39
155
114
23
*138
105
*42%
*114
92%
39
37%
6634
80
*103
,
114%
*108
93
39%
*65%
145
105
114%
108%
39%
*5234
35%
*103
38%
*108
93
*5234
106%
12
1081%
104
105
*3734
66%
17% Jan
II41/2
1,700
7
38
115%
.——No par
jChilds Co*
7,900
14%
43
*72
155
8
Chile Copper Co—
—25
Chrysler Corp
5
City Ice & Fuel—
No par
634% preferred
———100
City Investing Co———
100
City Stores.——
5
Clark Equipment
_!_No par
C. C. C. & St. Louis Ry. Co.
100
5% preerred
—_10Q
Clev El Ilium $4.50 pfd_^—No, par
Clev Graph Bronze Co (The)—1
5% preferred————
,_109
811%
14%
104
*92
For
28%
Dec
Jan
334 Mar 12
Jan
Chickasha
300
81
7
n°8
16
*26%
300
15
43
93
32% Jan
Chicago Pneumat Tool
No par
S3 conv preferred
No par
Pr pf .IS2.50) cum div—-No par
Chicago Yellow Cab
—.No par
1,000
81%
105
11434
38%
26%
28%
81
*14%
*6%
108
26%
*26%
*42%
*92
22%
1%
634
*138
80
16
*1%
4234
108
*10534
16
1%
42%
3534
145
*6534
16%
*1%
6%
114%
*113%
14%
*16
8134
106
V
35%
*152
*13%
1%
80%
7%
35 Va
14%
16%
*1%
1%
1434
•
42%
"6%
14%
*15%
16
97 34
12034
Apr
'
*2634
107%
*4134
14%
16
*1%
-100
Chicago Great West RR Co——50
5% preferred—;
50
Chicago Mail Order Co_,
5
900
*49%
134
2
preferred
Class
5,500
*38'A
16%
14
Jan
Chic & East 111 RR Co
2,300
18%
15%
Apr
Apr
Sep 22
111
Mfg—.
—<—5
Chesapeake & Ohio Ry———25
Preferred series A——,——100
8,900
18
1%'
Jan
3
7
Dec
Dec
15
14% Apr
9934 Jan
Checker
,18%
2
42 34
Dec
82
21
July 16
2334 Jun
7
-100
50G,
15%
Jan
Jan
x33
prior preferred—
6%
12%
12%
12
-100
Cham Pap & Fib Co—No par
3,900
4%
1634 Jan
78
130
110
120
No par
.
Chain Belt Co
,
4%
6 %
140
47%
334 Nov
25
1
Products———1
600
31%
22% July
234 May
5434 Apr
July 22
14
12834 Sep
3
93
50O
18%
15%
Sugar Co_,
4034 Jun
108
4
814 Jan
2
18
Sep 13
-A20
Lt
9,120
_7%';"7%
:■
7
Jan
9614 Feb
—;—No par
Corp.—
preferred -AAi—.—
Preferred
51%
14
Nov
95% Jan 26
119
—100
Cerro de Pasco Copper.
38
*16
Jan
28 34
26% Jan
—100
2d preferred
Certain^teed
109%
7%
*29
47%
*108 n
7 % prior preferred-
3,500
1734
;
89
6
,
Feb
4% Nov
Apr
8,100
51%
1%
Apr
534 Apr
30
6%
38
14%
77
8
8
Century Ribbon Mills———No par
18
16%
9734 Aug 31
3134 May 29
7
Jan
13
51%
134
Jftn
1—r—
3934
*16
3834 Deo
Central Violeta
*5034
*14
Apr
134 Jan
2
9734 Jan
4
3
Jan 12
*38
18
37%
32
400
107
Aug
734 Nov
2934 May
134 Feb
34 July 19
18i%
/
33
4734 July 21
934 Apr
6
54
20%
*20
,
Dec
Jan
4034 Jan 21
681/2
67i%
1534
Dec
334
.46% July 22
800
: 40
934 Apr
27%
2
4%% preferred—100
ICent RR, of New Jersey—^,
-100
114
•
6% V
Nov
Nov
Jan
Central 111
6'%
38%
20%
107%
47%
18%
15%
*111
6%
109%
7%. / 7%
13%
4%
19
15%
*1834
4%
*5%
39%
6%
■
•V'•■'••
19i%
67 % V 70%
*108II
,
12%
191/2*
7
734
16%
117
5%
100
*12
Mar 31
Jan
Jun
July 13
-Central Aguirre Assoc—
No par
Central Foundry Co———*_1
2,400
114
'•38%
1
2%
110%
6%
*111
38%
6'A
63%
v
2%
110%
24% July 14
38
1134 May
534
1%
1134 Jan
May 10
Celotex
530
2%
7
144
1%
1,800
110%
*5%
114
39%
6%
6134
.
21
"434
6%
114%
2%
'
107%
13%
*111
39
38%
6%
6434
*5%
114
.
•
123
,
2,700
111
1934 Apr
11
20
18%
12
Nov
127% Jan 21
——
Celanese Corp of Amer—,—No par
5% series prior preferred-.—4100
170
122%
.
18
*18%
Dec
53 34
Caterpillar Tractor——No par
150
;
Xl8%
'
2234
134 Mar 1
934 Apr > 7
100
2,600
..
18%
*110
11%
*18
119 .'•••' 119%
19%
2%
110%
1134
62
v
36%
*103,-; 1031%
19
2%
110
*1834
:
12%
•A' 36%
37%
103%
119%
*103
1
111
Jan
5034 Apr
34 Jun
Mar 27
Jan 25
Jan;
3 % Jan
7714 Jan
100
Preferred
1,500
*18
;
1934
6
13%
48% .48%
*122 %
122%
122%
1234
3834
36%
120
122%
48%
119%
103%
119%
*18%
*5%
48%
36%
103%
119%
*12
*111
36%
*102%
12034
19%
*110%
37
48%
103%
13
1934
36%
48%
12034
121
13
3734
48%
*10234
123
*119
'48%
9
'
4%
'■
16%
56
4
par
9 %
*43%
8%
43%
32
9%
44.% ;• 44%
7%
27%
48%
3034 July 13
2
Calumet & Hecla Cons Cop
700
J-'.
48%
34 Jan
rA
Campbel} W & C Fdy_——No
3,200
..
9%
43%
96%
139%
/'-A 7 ;, /
7%
16%? 16%
22i/4 ';.. 22%
.'
32
7%
*114
"
'•••
22%
43%
4%
13934
7
16%"'16%
22 Va
9%
96%
11734
*137%
\
;
44%
•'
■
*31%
*27%
r
4%
4%
■
45
*42%
9634
*27%
118%
139
44
*7%
42%
834
43%
9%
9
V
55
'
22%
9%
55
?l
.'A
;
*27%.27%
55
II
~
16%
*22
27%
55
1
6%
;•
6%
*27%
55
'
,
3
28 34
139
Jan
56% Mar
55%
%
19
Jan
Apr
1
2
Sep 25
1934 Sep 25
17% Sep 25
6
2434 July 14
834
Apr
2
■24% July 14
834
Apr
May
34 July
Jan
149;
Nov
'92
Nov
63% Jan
17% Nov
Dec
18% Oct
18%
Dec
Jan
434- Sep
534 Sep
5
1634
1634
Sep
Dec
Deo
THE
Monday
Wednesday
Sept. 29
Tuesday
Sept. 27
Sept. 28
I per
4%
4% 1
t per
$ per share
share
Monday, October 4, 1943
STOCKS
AND HIGH SALE PRICES
LOW
Saturday
Sept. 25
I per share
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
Range for
Previous
Year 1942
Range Since January 1
EXCHANGE
Lowest
Par
Shares
$ per share
t per share
share
;
the WeCk
Oct. 1
Sept. 30
for
Sales
Friday
Thursday.
.
Highest
$ per share
Lowest
$ per share
Highest
$ per share
$ per share
'
4%
*75%
,77
76%
77
*69%
7o
68
95
94
95
:
16%
15%
36%
36%
40
.40%
*106%
107%
42 V4
41%
14%
14%
23
4%
17
Jh
%
26%
21%
91
22%
3
13%
:
45%
34
34%
.
*23
12%
20%
21
*106%
107
21
21
35%
*19
30
34%
16
98%
,
*32%
321%
*75
76%
:•
.
*108%
103
21%
21%
8%
102%
*21%
8%
340
v
Container
Continental Bale Co
8%
99
98
98%
32%
32%'
*21
22
: :
x9% Jan
7
15
45
Co——20
37
2,100
Corn
Products Refining—
25
—————100
176
6,800
20%
1,600
300
19
19
30
19
19
29%
29 y8
29%
47
46 %
*46%
16
15%
97%
98%
32%
98 y8
98%
32%
32%
76%
*75%
22
*21 y8
11%
113
103
16%
610
32%
.2.200
76%
*21
*98%
22
11%
*
400
4,100
98%
.
*75%
,
1,300
47
16
11%
*109
300
11%
109
-
9
5%
103
conv
preferred—
4%' Nov
27%
Mar
ilVi
23% Apr /
42% Apr
159
Apr
2% May
'.ii Apr
10 3/i Apr
2
19
85
53/4 May
14% May
Oct
3% Nov
% Nov
14%
iS
16%
46% July
20% Nov
41
Jan
,
3
32
Mar
4
16% July 14
10
Apr
12%
2
99% Aug 6
38
July 15
82% July 20
223% Aug 11
77
May
88%
.
9 % Jan
7
73% Jan-
9
*14% Jun
I
;
Feb
92% Mar'20
Sep
Jan
23% May
39% Nov
63
84
Jun
Nov
133/4 Jan
8% Jun
113
July 14
106% Jun 10
105
Dec
9% Dec
6
30% Aug 23
713/4 Jan
7
100
Dec
98% Nov
12% Jan
23% July 27
303/4 Jun
2
Dec
Dec
58
179
Jun
23% Mar 12
Dec
12% Jan
51% Jan
81% Jan
No par
preferred——100
Cuban-American Sugar
ilOO
7% preferred
—100
5%%
83/4: Jan
'■
38% Jan 12
preferred..—.-,.-100
conv
28%'Dec
42 3/4: Dec
;
11% Jan
Corp——.—5
preferred———.JVo par
Oct
Dec
5
21% Nov
45
223% July 14
108 % Aug
163/4
103% Jan
37% Jan
$2.25 conv preferred—.—No pat
$5 conv
Jan
5
May 17
2% May 22
4
,
Apr
17 - Apv
50Va Apr
8% Apr
6
2
t
par
186% Sep
5'
Jan
16% Jan
Crown Zellerbach
Crucible Steel of Amer—
2
14% Jan
—No par
Crown Cork & Seal;
2
Nov
96% Jan
„
23/4 May
v
Aug 24
17% Aug 20
Apr
7
61% May 21
2
95
Apr
May
6% Sep
Ap*
53
Jan
8% Jan
30%
47
Ak Jan
——25'
5% conv preferred———100
Cream of Wheat Corp (The)—2
(The)——2——No
6
2
2% Jan
/
"Crane /Co—
Crosley Corp
Jan
53% Jan 20
Cuba RR 6%
5,900
113
*98%
200
Coty Tnc————————1'
Coty Internat Corp——————— 1
Jan
15 3/s Aug 23
Exch
20%
107
*98%
Copperweld Steel Co
——5
Conv pref 5% series-^—
50
Preferred
9
2i% Apr
37% July 15'
273% July 2
Cornell-Ducilier
300
4
8
Corn
600
*109
103
49% Sep 2C
7V4 May 6
2
60
Oct
77
15% Jun 28
60%
11
*108% 113
36% Jun
7
510
*75%
.
.
11%
7
2
38% Jan
Corp—.1
3
113/4 July
2% Apr
2
25% Jan
Trust
Jan
82
110% Sep 24
Jan
7
500
*21%
75 %.
.75%
11% Jun
7
26% Jan
16
*32
.
6
.5
40% Jan
45%
10
,
Jan
Jan
104% AUg 24
23% Jun
7
^—5
Electric
Jan
Sep 22
No par
Bank
3/4 Nov
9
33/4 July
43/8 Jan
•
,
6
Oil of
*46%
32 y4
16
Jan
Continental
*2°%
:
45
5,600
Del—
Jan
94
Apr
1%
1
24
34%
Continental Steel Corp
16% Nov
27% Mar 30
x4% Jan
20
Dec
7
16
Aug 11
16% May 10
96
—5
4
July 24
Sep
183/s
21% Mar 29
8
2
Jan
8
4% Jan
4%
7%
16
.Motors——./.——.I
182
Sep
11% Apr
78
Apr
3/a Jun
7
11
Continental
80
Feb
Sep
8,600
900
91%
;
3% May 12
19% May 12
14
5%
:
Apr
Jan
89
No par
Inc——
Can
83
33 3% Jun
Corp of. America——25
Continental Diamond Fibre
Dec
2/
7
preferred——.——4—-.100
Continental
Jan
12%
4% Jan
21
100
pfd.
$4.50 pfd—No par
4,300
4,100
*18%
16
Pow
6%
————50
preferred
Consumers
*109%
20%
46%
Cuba
Jan
3%
::
243% July 15
105:
2% Feb 10
13% Sep
—1
——j—
of
1,700
8%
*109% '110%'
20%
30
*.98%
103
$2.50
200
106%
21
15%
11
45
45
r.prefcrred
600
'
*1%
1
106%
46%
'
Consolidated Vultee Aircraft
Insurance^.——^.$2,50
4%
*29
*96% 103
:
2,200
Continental
59%
16
.;
\
51
*180
181%
46%
11%
11
.
500
45%
21
21
751%
7% Jan
700
5
1,800
51
29%
*108% 113
113
*99%
20%
106%
22
11
.
6%
Sep
.6% Api*
8
industries———1
$2 partic preferred——No par
Consol Laundries Corp...—/
5
% Jan
Consol Edison of N Y
4.9%'
*15%
.
19
11
15% Jan
91% Jan
11%
*18%
75%
11%
ii%
6%
No par
$5 preferred—.No par
3,000
13%
85%
*11%
19
*21%
22
*21
61%
109
Sep 14
h2%,
12
98%
,
98
17
13%
24% July
Consol Film
23%
3
17% Apr
1% Jun
12% Apr
03% Aug
5
6
4
Oct
Jan
12
2
Dec
Jan
July 20
Jan
34
7% May,
aV Jun
44%
Jun
y4 Jan
Oct
Dec
105% Nov
21% July
Jun
90
35
29%
-
Ji
11
10
Jan
10%
27
7
Jan
91% Apr
20% Jan
July 14:
25
2% Jan 13
Jan
16%
1
2
16
17% Jan
7,500
3
16%
17%
400
24%
4%
.16
00
*2%
-
13%
8%
33%
46%
■V
.
6%
*23
32
47
15%
44% Jun
,2% Nov
54
45% Jan
843/4 Dec
11% Oct
5% Jan
24
7
21% Jan
Co..
Inc..i—.—No par
Congoleum-Nalrn Inc..
.-No par
Consolidated Cigar—
—No par
6%% prior preferred—
—100
Consol Coppermines Corp..
—..5
2,700
*16%
no%
'5%
5%:
29%
30%
*46%
10,900
21%
v
48%
19
19%
23%
104 y4
103
35%
1%,
•
23
104
103
*12
.
1%
21%
5,800
*44'%
8%
4%
21
4%
"44y2
21%
59
180%
107
4'%
7
*108
1%
21%
80
102%
47/a
106%
,.
106%
23
22%
103% 104
3
*2%
24 y2
59
,
106%
*43
1%
20%;
,
Jun
107% Sep 20
29% Jan 15.
Consolidation Coal Co——.—25
*4%
1%
1
July 9
44
25
Edison
Commonwealth
Consol RR
50%
59%
*106%. 106%
4ya
4%
1%00
1,500
15%
45%
.4%
19
Conde Nast Pub-
•V
2,200
15%
183
5,900
8%
23%
14%
45
.
*8%
23%
8%
22
50%
*1%.
•104% Jan
41
Sep
30% Sep
68% July 10
14%
16%
*4%
11
2
14%
9%
11%
51
591%
7
14
36% Jan
21%
45%
183.
Jan
30y2Jan
—
14%
45%
60
Mar
-No par
$6 preferred series.
21%
*50%
185
51
1
1 Va May 10
14
*15%
60
98% July 15
19% July 14
13
2
14%
16%
*183
Sep
2
14%
111
5%
241/2
45%,
29
3% Jan
14%
12%
*16
1
9% Jan
22
51
*50%.
28
70% Oct
25>/2 Jan
..No par■
14%
21%
8%
35%
12
77% Sep
2
Solvents.——— -No par
14%
102%
21%
*108
5%.
26%
26%
26%
*21%
16%
7
48%
11%
2
Commonwealth & Southern.-No par
Commercial
22
12%
11% ;
Coinm'l Invest Trust
3,200
21%
3
16%
67%
67%
67%
'
21%
.
4%
*2%
u
23
23
45
102%
.
36
33%
$2/75,
—.10
(Commercial Credit.u—
4%% conv preferred—.—100
14%
*43
*23
9
5% Jun
2
Jan-
79% Jan
par
Pictures———— .No par
conv preferred—— -No par
22
.14
48%
25
37
'
2
40 Vz Jan
-No
Co
14%
.22
12%
134%
4,400
.23,500
Carbon
1"% Jan
Columbia
13%
48%
34 y4
8,700
14%
Columbian
13%
12%
*23 y2
42%
„No par
preferred series A—...—100
preferred....—,.. ,—100
13%
*14%
21»%
91/2
5%
*106%
23
104
7%
7
7
*8%
■
106%
22%
16%
16%
66%
21%
Xl027/e
:
3
48
.
100
%
x26%
9
*106%
4%
4%
12%
5%
n
200
3,600
107%
14%
23
21%
107
49
5%,
1,300
36%
42
14%
%
27
*8%
*22%
,
104% 104%
*109% 111
35%
42%
14%
67%
,
9
23
45
9%
417/a
14%
H
67
67%
14%
14%
21%
107%
42%
14%
4%
102% 102%
,
25,900
39%
*106%
106%
42
14%
106%
22
,
*''■
40
49
40-
106%
42%
26%
14
*44
.36%
12%
•
■"
39%
107%
*35%
39
*34
.
67
16%
14%
V
47
-*48%
V
15%
36%
76%
15%
15%
.15%
16%
%
2%
*21%
14%
14%
36
:
15%
37
76%
4%
4%
■
23 y8
13%
102%
21
21%
9%
9%
*107% ill
,
400
16
*21
7
,102%
-
93
21
16%
22%
*44
,
.,92%
23
2%
15
14%
94%-
23
-V
14%
*21%
14%
*93
,
14%
104%
7
13%
94%
*8%
22%
.
17
7
94%
4%
4%
'
42
9
104%
23%
3-
,5%
*106%
106% 106%
4% V4y4
104% 104%
.3;-
200
21
21%
21% f
*106% 107
4%
70%
23
-23
23
.70%
40
26%
*8%
9
6%
70%
4%
37
67%
26%
26%
26%
♦8%
1,700
*70
40
42y4
66%
.67%
76%
70
-*34%
.
.
14%,
%:
H
14
67
'
;
14%
%
\
16
*106% 107%
42
77
69
*15%
40 y2
40%
77
69
94%
*93%
,
38
*36%
77%
4%
76%
,68
'
*16%
4%
76%
68
*94%
Columbia Gas & Elec.
4%
4'%
-5
Jun
9
Jan
88
11
Jun
140
Jun
95% Dec
74% Jan
'
21%
.
23%
.
6%
*106.
6%
6%
'21%
22%
24%
108%.
6
6%
%
22
23%
*106
6%
,
11,500
23%
500
108%
10,700
6%
83
*43
7%
82
82
*82
83%
83
83
42%
43
43
43%
42%
42%
2,000
7%
': 18%
7'%
7%
7%
14,600
18%
18%
18%
7%
7%
18%
■
18%
187%
130
.
138
*115
138
*115
*115
'
138
23%
23%
120
*115
120
*130"
130
138
23%
*23%
■
150
*130
170
Curtis Pub Co (The)..,
150
*135
150
20
40
23%
23%
.
:;
23%
23%
7%
*7%
7%
*18%
20%
20 y2
*18
'•'20%
15%
15%
15%
15 y4
15
15%
*111%
112%
*111%
112%
23%
112%
23%
*111%
23%
23%
23%
1,000
39%
X373%
38 y8
37%
38%
5,150
33
*23%
23%
1,000
Preferred.—
par
Jan
8
8
106% Sep
2
Jan
2
17
--No par.
,6% Jan
Curtiss-Wright
9
7% May 10
86
2
k
Oct
9% Apr
2
1
45% Sep. 17
8
13%
13
Mar
90
Feb
II
•
2
Jan
Jun
5% May
Sep
Deci
100
Oct
32% Nov
13% May
12
Jan
19 s/s
83/4 May
26% Jun
Jan
P/4 Jan
30% Jan
No par
—..No
...
Prior preferred
4
18
——————5.
preferred——..——..100
Press Inc.
3.700
7%
•
18%
Cuneo
23% Sep 25
10
1.0% Jan
100
Cudahy Packing Co——.——30
4Vs%
44
>82%
,
:
*23%
108%
•*106
" 6%.
,
24
*23%
:
108%
;21%
221%
21%
1
241%
*23%
*106
:
20% Oct
9%
Jan
18% Sep
Cutler-Hammer Inc
18
Jun
25% Jan
Feb
26
115
Sep
21
80
Jan
95
Oct
84
pfd—-100
$8 preferied—No par
14
96
Cushman's Sons Inc 7%
Feb'10
138
Sep 25
44
Jan
81
Nov
12% Jun
18
Oct
4
Dec
15% Jan
26 3% Jun
4
33/4 Jan
—No par
24% Mar 29
5
29
D
'
//, *6%
*7-
7%
,
*18%
>15%.
••'1
*7%
*18%
15
151/2
15
,
20%
15%
-
*111% 112%
112
-112
112i%
*111
7i/a
20%
*18%
20%
15%
.
23%
23%
23%
*23 y2
24
39%
39%
39
391%
38%
39
*23
38%
33
33
33
33
*32%
*23
i
18%
*18
7
■
.
21%
48
48
*30
33
*17%
;
18%
*18
18%
18
18
18
13i%
13
13%
13%
13%
13%
13
6%
7.1/8
2iy4
:•
*47
.
:
■
6%
21%
*47.
,301%
*30%
31
32%
32%
*32%
*40
,41%
*40
41
*39
*13
•
13%
12%
13
29%
28%
28%
.7%
7%
33 y4
33%
900
18
300
14%
*47
7
32%
7.,:.
21%
X21
48
48
30%
30%
31
32%
32%
7%
8,400
Detiolt Edison..—
30%
30%
32%
32%
800
39
39
100
13
13
13
*13
13%
*12%
13%
700
28%
28%
28 Vz
28%
29%
2,200
,.t 98%
*28
28%
*96%
28%
99
*96%
98%
*96%
15%
*14%
15
*14%
43%
44
43%
30%
301%
30%
30%
30%
30%
30%
31
31
31%
31
,
24%
121
24%
X23 %
60%
61%
61%
30%
*7%
*11%
141
138% 138%
31%
31
8
.
11%
147%
*11%
148
129
*128
*120%
121
147%
*120% 121
37
36%
36%
7%
7%
175
,
149
36%
*6%
161%
*39%
40%
40%
40%
17%
*17
18
18
18
38%
38%
10
10
*177/a
*381%
9%
*3%
4%
38%
38%
9%
10%
*3%
,*175
5
76%
,
4
4%
4
5
78
74%
73%
42
41
41
*30%
31%
31%
*3%
V
4%
:
73%
*41
76%
73%
78
57%
58
*57
113%
*112
8%
*112
8%
9
31%
57%,
113%
8%
77
176
100
15
*175
Mar
43
29
Jan
5
12
Jan
2
8 3/4 Jan
.
,
2
July
36% July
/
20% May
17 3% May
150
*128%
176
*162
121
36%
7%
163%
'
*7
5,300
900
31 %
1,500
8%
11%
200
,122%
20
150
1,600
128%
121%
37
200
70
,3,600
7%
161%
162%
176.
176
700
900
Dome Mines Ltd....——No par
15% Jan
Douglas Aircraft——...No par
56
Dow' Chemical Co—
Eastern Airlines Inc..—.
Eastern
Eastman Kodak
(N J)
—
18
17%
17%
600
38%
38%
38%
38
38%
4,700
Electric
Auto-Lite
10
38%
10%
38%
10%
10
10
10 y8
10%
4,300
Electric
Boat—
4
*3%
*3%
4%
78%
,77%
4
*3%
4%
4%
78
77%
4
4%
78%
77
78
3,400
73%
74
1,500
4%
4%
4,300
73
74
74%
74%
40%
41%
40%
40%
40%
40%
1,-000
31%
31%
31%
31%
30%
31
1,000
*57
57%
*57
57%
57
57
*112
113%
*112
113%
*112
113
9
90%
92
90
is
9
9
56%
•112
9%
9%
56%
300
113
62,700
2,450
2,670
is
90
89%
90
90
91
90»%
91
90%
91
92%
93
94
94%
*%
94%
510
%
600
•'
is
*%
%
.
90%
4
Jun
24
Endicott Johnson Corp—
preferred—
——
Oct
21
Jan
27% Jan
403/4 Aug 10
83% Apr
39% Aug
17
63/4 Aug
16% Mar
22% Dec
70
87
8
May 10
31% July 14
98'/4 Sep 28
16 y4 July 15
Jan
73/4 July
Feb
NOV
93/4 Dec
45
July 12
32% May
29
Dec
33
May 20
16% Apr
26
Deo
25% Sep 11
73% May 4
153
May 28
35% Jun
1
.93/4 July 16
Apr
51
May
95
Apr
134% Dec
13% Mar
16% Deo
23/4 Apr
8
8
Jan
Sep 29
112
Feb
13% Apr
121
16% Dec
8
70 3/4
7
Oct
Oct
10% Nov
120
July
8
129% Jun 26
1023/4 May
144
Jan
8
130
Aug 11
1213/4 Sep • 2
120
127
NOV
117% Jan
13
31% Jan 13
3% Jan
—5'
146 % Jan
No par
Sep
2
20,
2
Jan 19
11% Feb
8
30 % Jan
5
4
10
s
9% Sep
l3/4Jan
44% July 8
,87/8 May 28
May 19
170
184
Apr
8
170
Mar
15
26
May
11
Oct
2
20% Jan
Mar 30
9% Dec
39% July
14
16% Apr
2% Jan
108
Sep 20
Jun
45 3^ July
19
Apr
111% Mar
118% Deo
34
Dec
4% NOV
151% Dec
180
Nov
36% Dec
15
Jan
303/4 Deo
133/8
Jan
4
5% May 10
A
Feb
1% Nov
1% Jan
5
6 3/4 May 20
% Jan
1% Nov
31% Jan
17% Apr
20
79% July 23
28% Jan
20
No par
333/4 Jan
2
3
23% Jan
7
50
49% Jan
100
109% Jan
5
11
2
42% Sep 20
X32
Sep
9
58% July 17
118
Aug 21
107% Feb
23/4Jan
4
9% Sep 30
1% Apr
Engineers Public Service
—1
$5 preferred/
—No par
$5% preferred
No par
$6 preferred
—
No par
JEquitable Office Bldg_—No par
4% Jan
1343/8 Jan
3
Elec Storage Battery
El Paso Natural Gas—;
8
5
ll3/, Oct
18% Jan
125% Jan
Elec it Mus Ind Am shares—
Electric Power & Light—
No par
$7 preferred
No par
$6 preferred—
No par
5%
9%
(The)
20
5
Jan
35
*17%
20
9
X173
cum
2
18
115
preferred——100
6%
Jan
5% Jan
Eaton Manufacturing Co—..—4
Edison Bros Stores Inc.
—2
18%
4
16
—1
Rolling Mills—
Jan
13
130% Jan 12
.....No par
Dresser Mfg Co.——i—No par
Dunhill; International-——!
Duplan Corp
——No par
8% preferred
————100
Du P de Nem <E I) & Co..
—20
$4.50 preferred..
—No par
Duquesne Light 5% 1st pfd—100
*17%
70
Jan
223/8 Feb
Casting Co——No par
600
73%
%•
Doehler Die
10
13% Nov
2% May
14% Apr
Apr
6
83% Jan
30% Nov
Jan
7
Jan
6
38% Feb,
..No par
———
40%
41%
31%
8%
A
40%
41%
31%
Class
27% Dec
18
Jan
8
Jan
10% Dec
14
48% Apr
35% July
33% Mar
213/8 Jan
Corp-Seagr's Ltd——No par
5% pref with warrants—.—*.100
Dixie Cup Co.———No par
110
37
7
.
4% Apr
Apr
25% May
8% Apr
18%
Oct
Jan
8% Jan 20
6
1
19
5
10
14
30
12
17% Oct
12% Nov,
37
26
Distil
39%
4%
103% May
22% July
2
37
..25
Diamond T Motor Car CO——.2
177%
94
128%
*11%
*120
62%
138%
.
73%
.
88%
1363.
149
128%
3% Jan
16% Jan 12
..20
preferred
39%
89%
page
149
.
24%
3,200
6,100
partic
177%
40
93%
see
148%,
7
31%
380
6%
40%
,
92%
fnnti->ot,es
31
*7%
,
36%
94
%
122 y2
36%
90
.
8%
*11% ,11%
36%
92%
%
137%
.31%
*7%
*120
7%
'7%
*160% 162%
90
92
11%
31%
,
36%
:
94
89%
8%
121%
.
89
138% 138%
*120%
94 <
88
,
62%
62
62
120%
8%
89%
89%
89
98%
43%
23%
120%
36%
7%
175
;
23%
128%
*128
162
*174% .175
38%
38%
23%
<
.121
147%
121
'
11%
121
128%
62
31%
*7%
11%
23%
138
*31
-7%
*120%
161% 161%
163
31
*128
36%
7%
.
'
*7%
1621%
138
*118%' 121
128%
*128v
*7%
'•
,*1181% 121
148%
148 y4
23%
61
*138
11%
*11%
*118>
241%
59%
8
102
243/4 Sep 20
12
1
'
31%
8
11
Jan
Mar
32%
44
•
Jun
Jan
173/4 Jan
40
32%
*14%
*7%
116
7% Oct
19
26
40
*39
*43%
31.
Aug
Devoe & Reynolds A—-.-.No par
Diamond Match———NO par
41
98%
15%
140
8
Detroit Hillsdale & S W RE Co. .100
*39
43%
.
5
530
41
%'
*14%
*138,
15% Jan
Jun
30
50
*47
,43%
,
3
19
Delaware Lack & Western—— .50
5,800
15%
60%
Mar
2
10
.10
—
21% :
431%
24%
9
Jan
1083/4 Jan 20
—.
Delsel-Wemmer-Gilbert
7'
43%
60 y8
2% Apr
Jan
12
^Delaware & Hudson——-. .100
21%
7%
21%
48
30%
•
24%
5,900
1
17
Davega Stores Corp
— ...8
Conv 5 % preferred——. ,-23
Corp (The).. ...I
Dayton Pow & Lt
pfd—., .109
1
Decca Records Inc—————.
Deere' & Co———————.-No par
..20
; .Preferred——
Davison Chemical
'
*14%
15%
10
18
14%
44
*14%
4,900
14%
33%
*18
44.
*96%
300
13
28%
100
*96
100
6%
21%
50
32%
32%
7
21%
50
30
30%
v
33
7%
'
*.-•21%
7%
21%
.
*32%
,
13%
13%
.
7%
*18
,
75 % Sep
Apr
323/4 Jan
Jan
34% Nov
19% Apr
39% Apr
Jan
7
92
&73/4 Jan
4
62% Jan
5
92% Sep 27
94% Oct
1
40
Apr
40
July
47% Apr
l^Jan
8
1
Dec
54
Sep 27
1% Mar
35% Jan
15
29
26% Feb
49% Deo
112
Oct
3% Jan
66
Jan
73
Jan
83
Jan
% Oct
\
Volume ,158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
'
,;■■■
,
'
NEW YORK STOCK RECORD
LOW
$
Sept. 27
per share
12%,
HIGH
SALE
12Va
-12%.
12%
12%
12
49
49%
49
49
*48
49
48
78
*75%
78
.*75 %
78
*75%
78
12
12%
24
12%
23%
12%
*23%
12%
*23%
8%
12%
23%
23%
*23%
*2%
3
2%
2%
*2%
*36%
37
35%
36%
'8%
0 12%
23%
8%
87/a
12%
8%
"
23%
17
*16%
16%
*102%
104
*102%
24%
23%
23%
16%
16%
*4%
*24%
514
24%
*95%
96
*16%
104
36%
23%
■<
23%
*16
24
*24
16
'
.
24
16
16
.•*4%
5%
24%
24%
*95%
237/a
*16
24%
96
96
16%
48
3C%
5
24%
96%
5
.
48
16%
*16%
50%
49
50
*491/4
49%
49%,
49%
4014
40%
39%
40%
40%
40%
40%
107%
*107%
107%
107%
*107%
37%
37%
107%
37%
*36%
•
17
21
37
21 Va
*107
'
.
10814
32J/a
20%
32%
*25%
32%
27
*7Va
7%
*45
*1214
46'/a
1214
48%
48%
16%
16%
•
*122%
12
*124
127
*123
20%
12%
20V2
12%
75
75
33%
33%
28%
25%
4%
3
3
13%
*13%
52
*5iy2
52
*51%
52
10%
10%
43%
8Va
*106
110
43
43
7%
*146
"
*86
5%
*12%
.87
29
41%
"
38'/a.
41%
119V2
1%
41%
119'/a 119
119Va
1%
*-103
Va,
*129%
36%
19%
20%
*19%
'
7%
-
7%
112
20
110
1%
50%
♦47
19%
*47
14%
15
85%
86
22%
22%
♦19%
*110
;• k
.•••
20%".
7%
*71%
13%
•
*18%
19%
72%
*71%
13%
13%
13V4
13%
*84
8434
8434
20
20
2034
*46
47
*46
47
*%
2%
*%
2%
134
2%
*46
1
2%
2%
*%
*4634
81
79
79V4
79%
80
43%
4434
42%
43%"
41%
42%
99%
83 a
*95
39
-
107%
8%
-.*4%
*14%
4%
16
•
*10%
36%
*25-
17
'
£ 25%
r' 17%
27%
24%*145%
; 26%
"
24%
*49%
.15%
1%
4%;. "•
10%
10%
17'A
26%
26«A
26%
17V4
26%
24%
24%
24%
24%
*144%
145%
.•.*144»/a
58%
58%
*58%
10%
146%
60%
49%
61
50
49%
50
49%
49%
49%
193/8
19%
18%
19%
18%
19
18%
12y4
12
12
12
12
11 %
12%
12%
4'/8
12%
4V4
4y8
136
*7%
'
^
4%
136
140
136
7%
38%
49%
7%
8
38V2
38%
38
49%
50
49%
.
*12%:
13
4'A"
*4y8
138%
138%
7%
38%
49'A
"
*12%
■
4V'8
*137
.
*7%
38V2
487/»
7%
39'%
49%
:
1034
4%.-.
10%
,
35%
25%
17V'a
27%
27
27%
,
24
24VB
,
*144
145%
24%
145
'
60%
*58%
49%
49'A
18%
4'/a
140
-
7%
39
49%
^,
49%
'
13
*136
7%
38%
-
*36%
37%
*16%
16%
14%
*107%
For
14%
*26%
28%
37%
*36%
16%
*16y8
*26%
28%
"
■
.
108
footnotes
28%
*36%
*16
14%
14
*107%
see
108
page
*13 Va
* 107%
*26%
28%
37
*36%
165a
*16yfl
* IB Va
107%
14%.
108
•
2,500
50
1,500
49«A
7,800
28%
*26%
37
16%
37
*36%
37
*16%
16%
*16%
16%
14%
107%
107%
14%
108
*13%
*107%
8%
preferred
Gulf Mobile & Ohio RR__
.
r»r»»ferred_
•
Gulf
___
Oil
Corp,
Hackensack
7%
___
14%
Co Inc
__1
No par
10
1
par
'
Hall
400
.
108
preferred class A—
Printing Co
Hamilton
50
6%
Water
Watch Co
preferred™
23% Jan
2
2
10
65
31% Jan
19
50
14»/aJan
10% Jan
2'A Jan
4
4
2
2
11
Jan
V-'
"
''
Feb
21%
Apr
Oct
Jan
SOVi
Nov
132
Apr
Apr
Oct
40%
>
Jan
216'/»July
May
1%
Mar
102
Apr
87
Apr
Jan
,100
81% Jan
19
3% Jan
12
25% Jan
25
45% Aug
2
2
25
22% Feb
11
Oct
131%
Feb
44%
>
Dec
Apr
128
Aug
May
30
July
<
3%
Jan
Jan
14% Nov
5%
Jan
109% May
%
Jan
14% Nov
107%
Jun
% Oct
/,
'
31%
Nov
19V4 Jan
10
' Feb
79%
Jan
20
'
Jan
16% Dec
110
Feb
Dec
x58
17
Jan
Jun
July
Nov
Jan
Jan
Jan
61
5%
6
>
27
16
9'/a
1%
48%
2%
.
2% Jan
Feb
Dec
83% Dec
27
Dec
90% Dec
4% Nov
■.
81% Dec
" 134
•
18
-
Nov
5% Jan
8% Dec
9% Nov
32
25
Nov
Feb
18% Oct
25% Feb
28% Jan
143 ../-Jan
Apr
May
May
Jan
Jun
Jun
Feb
82 I
27 ;
Sep
Mar
Apr
July
Apr
10% Apr
10
Mar
Oct
*
H Jan
Jan
Jan
50
25
Jan
:
44
22% Apr
130
Jan
16
Jan
4
6
Nov
65%
ft Sep
22
4
11
12
5
12
26
Jan
Jan
Nov
8
May
July
May
Jun
Jun
10»A May
41 Va Mav
50*% July
Nov
30%
5%
Jan 27
Sep 27
21
13%
17%
5
160%
Dec
3%
9%
15%
37%
%
1%
73
13
56
10%
6034
1%
27% Jun 11
153 y4 May
Jan
Dec
4%
■
19% Jun
■
63% Nov
33% Jan
14% Dec
11% Aug
14% Jan
3% Jan
86. Sep
4% Oct
33
t
—
—
V
Oct
;V
25
10
No par
100
35
Jun
1
12% Jan
5
9% Jan 18
104% Mar 13
28% Sep
/
19% May
3
Anr 13
18% July 23
15% Jun
4
110yaJuly 28
38
.
-
140
July
Sep
Sep
327/a May 10
57% Sep
138
"
No par
No v*
1363.
•
Apr
Jan
h
28%
c
L)
:
*26%
*36%
14%
(H
:
100
,100
Feb
57/e Nov
22% May
23
July
13% Dec
6
7
-No par
Jan
2
1
15
Jan
21% Jan
Jan
46%
Jan
x407/a Mar
4
Apr
50
May
1234 Sep
6% Apr
7
17
July 13
133/8 May 29 ;
Sep
Preferred—
7% Nov
1334 Mar
11
May
101% Sep
2% May 10
July
Apr
'
■
Sep
37
70
49
•
26
18
Grumman Aircraft Corp,
Guantanamo Sugar,,.
—No
2,300 "
4,100
95
3
Greyhound Corp (The)
5%% conv preferred
36y2
5
9
l7/a
3%
97%
45%
101%
41%
108%
9%
27
Green Bay & West RR_—
400
*36
8
Jan
7% Jan
8
48
Oct
Dec
104
.
3
20
17
16
16
Jun 22
May 6
May 6
Aug 25
Sep 20
Sep
2
July 17
July 14
Apr 29
29% Feb
,
^
2,500
7%
4»A Jan
par
53
14% Apr
814 May
55% Jun
7%
May
Sep
Sep
July
24% Jan
5,400
4ya
2
,»
May 10
10
Green
140
if Jan
5
—
2,600
...
11
80
No par
Co——
preferred
Great Western Sugar,
20
•
,
*26%
.
Jan
1
Steel——/_No
City
Jan
".
9 34
74 >
14%
84%
22%
Gr Nor Iron Ore Prop
No par
Great Northern preferred—No par
6,300
"
5
-ft Jan
2
1% Jan
8
73% Sep 13
24% Jan 12
83
Jan 14
2534 Jan
8
90% Jan
9
4%Janll
100
div ctfs_
4
2
41
—
w
Jan
.5
:
*
112
July 8
.25% Jun 28
4
2
59
Jan
14% Jan
par
24Va Jun 10
23% May 29
—20
5%
•
'
Union
Grant <W T)
3,200 v
12
*12%
4y8
140
7%
39
'
.
434
*4y8
*137
.7%
*11%
13
Granite
'
18%
„
12
*12%
2
Granby Consol M S & P_;
Grand
•
,
49%
18%
*11%
4% Jan
60% Jan
Graham-Paige Motors
'
,1,400
!
60%
49%
.
14
No par
Jan
3%
10% Mar
3% Sep
99% Aug
1
8
9
Jan
10% Feb
120
Apr
2V/» Apr
.
5.
2
14% Jan
No
conv
15% Jan
9% Jan
No par
(The)
*23%
111%
%
81
64%
122
30
122
13%
1%
Sep
Jan
21
Apr
Apr
Mar
Mar
100
—
700*
17%
-
Co
2%
2%
66% Nov
16%
Jan
Nov
11
Sep
3%
106
2%
2
6%
Jun
Jan
18
Apr
Mar
10%
101
%
23
~—5
No par
preferred
800
>
35%
*24%
'
'
2,200
:
17%.
24%
.6,800
7,200
16
18%
13-
49
4%,
*15%
•
-No par
conv
98
35
2
25% May 20
112% July 15
1% Jun
4
59
Sep 17
233/s Mar 4
15
July
9
91
July 9
4
4
4
-
3%
July 14
Feb
May
97
Jan
16% Jan
15% Jan
108
Jan
Preferred—
*58%
12
12%
60O
2,600
1%
Jan
18V4-NOV
Feb
%
"60
-20
Co
51
2
Mar 9
% Jan
4
31% Jan 28
No par
98
1%.
Dec
Nov
8% Apr
,
2% May 10
12% Jan
-
1,400
^
Rubber
&
1
Aug 31
Jun
24% Jun
- 8% Jun
110% Sep
X104
preferred
50
Gobel
(Adolf).
1
tGoebel Brewing Co——1
Gold & Stock Telegraph Co_—-100
Goodrich Co (B F)—
No par
5% preferred——:
No par
Goodyear Tire & Rubb
No par
$5 conv preferred—
No par
Gotham Hosiery
No par
*
Jan
136
Sep
16
May
2% July
6VaJuly23'
2
preferred™
86
170
•
11%
42
' 12%
8
2
Jan
Gimbel Brothers——
4,900
8%
.
.
25'A
145
19
12%
•
10%
3634
100
1
preferred—
Tire
Jan
Jan
& Jan
par
-
Gillette Safety Razor—
700
'
'
39%
"
;
36
24%
145%
4%
27
!"
"
100%
8%
'
6%
4Va%
2%
7
2
7
2
par
Telephone
General
100
Feb
5% Jan
36% Mar
1% Jan
1% Jun
10
44% July 15
119%Sep23
2% Apr
6
110
Mar 15
107% Sep 21
137
July 23
56
July 13
131% May 6
'36% Sep 27
12
Jan
Feb
15%
3
Aug 23
Jun
5
8% May 19
18% May 20
98J% May 19
32% May 4
146*A Sep 25
397/a July 1
13% Jan 25
4% Jan
2
103% Jan
5
Utilities
Corp
Gen Time Instru Corp™.
300
82
*95%
16
*24%
17
&
Jan
44%
126%
17%
2%
10c
preferred—
Glidden
107%
;
1%'
4%
25%
17'A
'
8%
*15%
36%
25%
'
200
39 %
98
1%
15%
24%
*58%
'
8%
129
par
No
•
10%
107
51
9%
151
9%
34
Jan 13
"113% Jan 22
1% Aug
9
93
July 28
83% Jan 14
$6 pref opt div series
3,100
*107%
107%
*95%
No
Realty
1,500
%2%
100
40
'
1
*2%
100
39%
8%
36V4
10Va
36%
2%
100
*24%
17%
lO'/a
36%
27
1
*107%
No par
—
Railway Signal———No
6%
Gen
4734
42%
.
.No par
.
-
6% Jun
5
2
2
preferred series A-No par
preferred-
2034
*81V2
145%
V
v
147
60
*4%
•
15V4
*24%
37
17%
,
4 %"/•'■•
4%
25%
17%
1%
1%
14%
1
43
98.
-
*46
82
8%
*95%
10%
*36%
-*24%
2734
*58
4%
48
39%
20% Jan
130% Jan
30% Jan
100
preferred__i———100
7^-—10
$5
85
20 34
42%
8%
98
•
Gen
100
13%
*84
.
81%
107%
1%
20
*2%
100
100
-No par
Cigar Inc^—
conv
$6
72
1334
85
20
48
39%
*95
13%
*84
107%
14%
10%
10%
36%
4%
•'
101
*70%
1
Jan
24%
.;/•■
May
14% Sep
14% Apr 26
53Va Apr
2
5
Gen Public Service—
3,800
39%
1%
14%*
-
'
7%
107%
8%
98
1%
7%
39 %
834
834
7%
107%
107%
*95
1%*
*100
> 40
107%
■
98
1 %
lOO'/a
100
100
40%
40
107%
>
4% Jun
51
Jun 15
6% Jan
4
102
Jan 29
37
Jan
4
5% Jan
4
134
Mar 1
4% Jan 12
2% Jan
2
71% Jan
Gen Precision Equip Corp—
•
General Printing Ink—
—1
700
19%
May
Dec
'27%'Dec
114
4Va May 17
14% Oct
L>
30Vz July 13
4
preferred^—
7%
20
21%
7
110
12
—100
preferred.™
cum
Jan
7% Jan
General
111%
2
No pnr
—
Common—
2,100
700
"
21%
.
A
700
19%
*19
72
-
5
—
22%
2%
42
Baking
740
42%1
X80
•
No par
$6 preferred—
No par
Gen Amer Transportation—
5
86%
14% M5
81'A
27/a
'
2%
81
*
111%
*•!«
par
.
100
19%
%
*
No
11
1% Jan
$5 preferred.:— -----No par
Gen Outdoor Adv A——-No par
.
>•
1,800
21%
48
(The)-
Co
22%
:7
,
July 15
21
9% Jan
6'
19% Jan 11
,,
—No par
General Refractories
—No par
General Shoe Corp1
Gen Steel Cast $6 preferred—No par
19
22%
13%
20
86
19
86
Apr
3
May
28
Aug
8% Sep
27% Mar
9V4 Apr
May 5
19Va May 4
140
Jun 12
2
3
20
.
18
11
9% July 15
9% Jan 11
5%
1,700
.
Mar
Jun
50
12
2 Va Jan
—No par
1
cl A.
(Robert)—
General Mills„>
500
48Va
*47
(The)
Inc
preferred
Jan
36% Jan
General Motors Corp
1,200
1%
15
28
5
—5
50
.-
.
Trailer
conv
Corp-.—No par
$4;50 preferred
———No par
700 >
•
May
36
11
—1
*
;
900
'
86
Feb
16%
96'/a
9V* Jan
July 29
Jun 10
Dec
39%
'
85% Apr
600
111%
"
Apr
Nov
31% Juijl 10
Aug 23
1
100
$6
200
"
*19
13%
29%
Dec
105
17
Co—
preferred—
30
*110
85
Apr
10y4
General
—.
20%
111
1%
22%
20%
87%
38%
Gen Gas & Electric A___
1%
20V4
48
*70%
26%
45
-7%
20,100
7
*110
.14% >;
73%
43%
Jan
Dec
14%
Apr
13%
Apr
Apr
Class
112
*1%
7%
20'4
1
7
20%/.
111
14%
7%
*84
48
;
*1V4
85%
7%
Apr
29%
Oct
•'
20%
*109
v
1 %
21%
-7%
Jun
160
".
Dec
2
5
-260
"
Jan
27
Gwl 'Foods
197/a
13%
20 34
7%
*18%
.
V
*71%
8434
2034
1
20
112
*47
21%
.
13%
8434
133
87
•
38
!
'
•
Feb
Jan
Sep 30
Sep 28
*
5,500
52% 7 52%
20
7
21%
73Va
20
'
414
"1814
13
3,500
*
Jun
38% July 10
General Electric Co_—_—No par
111%
*110
7%
*71%
104%
■
3
11% Apr
74% Nov
75
.
•
1314
8
*
V-
Apr
14
30
1
130
1%
23
7%
52%'
19%
48
23
*82
.
*47
23%
7%
1%
112
*132%
"133
*110
1%
18%
7%
1%
*10O'
V5
8
16
17,700
*110
105
1%
111
1%
21 %
75
'
19,<»
*ls>va
86%
1934
s
Jan
Sep
preferred————No par
General Bronze Corp
5
General Cable Corp—
—No par
900
.
v
41I/ai41Va
1187% 119 ' '
110
'*109
1%
*110
111%
"
7%
ll*
^4%"
*21
'!
29
",149%
38%
"38%
'
24%
Feb
140
5V'a
18%
••
28%
*146
■"
'
Mar
16% Jan
5% Jan
_25
$8
200
'
127
Jan
Dec
.19%
50
General
1,400
-
preferred—
Gen Amer Investors,,.:.
'
1,600
"
130
14%
*110
7
'36%
86
21%
'
-No par
Jan
93"
-
28
109
7
Gaylord Container Corp—
5%% conv preferred——
* 2,900
V
149%
—10
Jan
8%
69% Sep
•
'
'
Jan
29%
Jun
112% July 12
39% Jun 16
22ya Jun
2
5
Gar Wood Industries Inc
6,300
'
1
10
—
37%
Jun
6
33
Gamewell
2,200
^
—
*5J%
14%
111%
10%
129%
86%
*21
'
110
*35%
IVa
par
par
Apr
19
__10
6%
100
5V4
18%
*110
.
22%
7%
19%
*19%
111%
*21 %
52
36%
*1%
No
27%
/
July 15
43
"31% Jan
5
15% Jan
7
97% Jan 11
Oct
1% Nov
pfd™100
Galr Co
600
*146
,
41".
20
6
42
-
Jan
—No par
Gabriel Co
-
350
4%
5%
20
104% Jan
Co—
3,600 "
13f%
'36%
*100
47
*23
26
5%
20
100
—No
preferred--!
prior
5%
3,400
8%
29%
-
50% Jun
14
Fruehauf
300
\
3'%
36%
85%
23%
*22%
3
14%
7
38%
130%' "7 130
19% Jun
8
25% Jan
Freeport Sulphur
300
8%
'
149 Va
52%
27
Jan
10
Apr
May
ii
614 Apr
e
2514 July 14
96% Sep 29
8
10%
Francisco Sugar Co,.
—
*5%
18%"
*14%
86
28%
88Va "
-
1614 Mar 18
Jun
F'k'n Simon & Co Inc 7%
1,600
110
*35%
1%
47
r
6%
110
33%
*87
*102
(The)™,,
!
J
4
12% Jan
Mar 28
4%
20
May 27
19% July 13
105% July 27
29% Apt
5
Jan.' 2
78% Jan
-No par
$7 conv preferred
>
1,100
"
' : *117% 118%
-
15
5-
28
Feb 18
3% Jan
-
__1
———
7,200
80
89"
-110
13
«
42
2
86
Jan
7
20% Jan 13
—$2.50
Food Fair Stores Inc——,
270
5'/2
52%
*130
111
1%
19%
14%.
85%
18%
19%
*14%
51%
20%
12%
'
$4.50
40
'
13%
134% ' 7 "133
*133
2u
*109
1%
48%
1%
106
1%
*19Va
109
109
■
6% Jan
5
Food Machinery Corp,.
Foster-Wheeler
43%
"*
" *102
112
*1%
19%
19%
-
1%
.
20%
7%
*109
1 Va
1%
118
114
'
20%
7%
112
*109
1%
20
118
.*110
-127
*5%
40%
33% Feb * 4
21% Jan
6
13% July
*12%
■
29% Mar 30
3% July 1
No par
——2
u
700
...
*42%
'
.""'1%
1%
52%*
131% 131% 7
*35%, 36%
*5%
5 Va
20%
7%
*108
118
,52
7
131%
36V4
5%
*7%
40%
134%
5%
.*1%
40%
*133
5%
*109
'
19
1%
51
1*106
'!
1
14% Jun
9
% Jan
4
10%
10%
38Va
Oct
4
X23% Sep
3
5V4
*146
Dec
Flintkote Co
1
800
13%
*28%
'
.
41%
118
134
36%
29
148./
.
7%
28%
500
:
17
5%
3814
106
*5%
28'%
'
:
5% Jan1
—3
39V» Feb
10%Jari
12%
48%
4%
"8%v-"■
89
'
8 >"
$2,50
2
/ *51%
110
43
Sep
First National Stores—
1,100
340
*12%
89'/2
37%
*102 '
*35%
:
87V4
*146
106;
52%
5V4 "
'
'1%
•
--,8%
13%
41%
1%' '
51%
130%-103%
5'%
114
134f
8%
38%
*110
52%
8Va
13%
28%"
*103-
:
10'/a
*106
' 4>A
Firestone Tire & Rubber.™*
6% preferred series A„_
13%
52
42%42%
Jan
3% Jan
30% Jan
9% Jan
25
4
*146
.149%'-":*146149%
6%
7
6%
7
148
112
134%
52%
'
10
110
"
38
•
25»A
* *51 Va
9.% Jun
Federal Motor ■Truck———No par
Federated Dept Stores:..,,
No par
4%%
conv
preferred-100
;
2,500
8'%
48
14%
'
.
*110
106
*133
' 1%
■
1
7
*146
;
38% '
40%;
!
110
4%
52
2
7
3
14%.
*24%
"
3% Jan
8
28%
13Va
42%
5%
28%
29
148
*
110
4%
13%
10
*106
■
13%*
87V4
87
37%
•
:
5%
1 *12%
87
*146
146'/4
38%
7
5%
87
29V*
29Va
146
*146:
13%%
:
8%
149%'
8
7Va
7'%
7y4
5%
13%
*5%
*13
8%
149Va
8%
149%x
4%
13%
" '
—,5
19% Jan
*2%
13%
Dec
25% Jan
33
3'%
*51'%
/ .'.
v
3
3
25%
43
8V'a
*2%
"
70
No par
*109
*13%
10%
*10
110
43
43'/a
*146
loy4
10%
*106
110
*106
3
3
Dec
Ferro Enamel Corp™™
Fidel Phen Fire Ins N Y_
27
20%
12%
110
*24%
4%
13%
52
•
*13%
.
28%
*27%
*109
70
Federal-Mogul Corp
900 "
20%
*72
13%
.
5
13%
v
.
33%-
13%
25%" "
4%
28%
2%
!
13%
33%
110
2%
13
.
80
*27%
25
*
5
*72
34V4
*103
/
12%
25%
•
73'/a \
,'
20%
13
33%
3
3
*20%
12%
18
Florsheim Shoe class A—
No par
Follansbee Steel Corp—
™_10
5%: conv preferred—-—100
127
20%
127/s
Oc:
Jan
Florence Stove Co™—
127
" *123
10
44
200
4814.
73%
.
*
110
3
3
3
127
v
Jan
Jun
400
116%"
8
48
12%
20%
12%
28%
*103
-
•
37/s
32%
68% Jan
16% May 4
52% May 19
77
Mar 26
32% .32%
48J/a
16%
,
*
9
12
—
1 f: 16%
48%
16%
12%
; 12%
5
*47Va
16%
8
46%
8
Jan
39% Jan
108y4
*107
*2514
*7%
47%
*12ya
*47Va
17
12%
48 Vz
*16%
28'A
3
26
5
12V4,
*47
UO
*2%
3
*12%
12y4
*27%
12%
26
27.
70
*109
3
3
32%
*2514
8
46%
*12y8
33%
12
110
*2%
'32
25%
20%
33%
12%
32%
25%
7%
*4514'
46
127
*60
34
28%
*28
*32
27
7%
46 '
12%
16%
*20%
12y8
*lu9
32%
12 Va
.
127
70
34%
*32
*25%
7%
48ya
12%
16%
20%
»60
IO8V4
46
485/a
127
20%
*107
$ per shart
4%
900
1,200
,1
Highest
$ per share
4
6,100
500
37
20"%
20%
108%
3214
45
'•
20Vi
21
37
*107
*25%" 27
7%
7%
"
20%
16%
'50
40%
107%!
$ per share
16% May
Federal Min & Smelt Co
500
1,100
160
■
(or Lrenoiu
Year 1042
Lowest
9
$6 preferred™
1,400
;
•
'
Fairbanks Morse & Co,,
No par
Fajardo Sug Co of Pr Rico——20
Federal Light & Traction
—15
30
500
16%
40%
107%
37
108'4
1,000
800
16%
105
24%
50
*107
300
24
Bance
■
-
8% Jar.
Eureka Vacuum Cleaner
Evans Products Co—
Ex-Cell-O Corp,.——
Exchange Buffet Corp,.
400
'5%
24V8'
9614
16%
37
2,000
1,400
37
,
.,
Erie & Pitts RR Co—_U,——50
,
3
,
5% pref series A,!—,—,100
•
514
2414
*96
40%
107"%, 107%
37
800
1614/16%!
50
50
107%
37
20%
20%
21
108%
*107
37
..
Erie RR common
No par
Ctts of bene! int_„—!—-No par
24
*36%
*23%
*16V»
*104
.24%
"
40%" ' 4034
107%
•
*23%
*2%
,
$ per share
Par
,
■
Range Since January 1
Lowest,
Highest
r
;
2,000
16,500
78
8%
12%,
12%
3
*16%
16%
*49%
:
*77./"
*8%,
,
,,
5%
514;.
24%' 24%"
*96
96%
16%
16%
78
8%
12%.
23%
*16
24% ".
16% '
24%
,
48%
:
NEW YORK STOCK.
EXCHANGE
Shares
12%
12%
24%
16%
*104
105
*2314
24%
16%: I6V2
23%
16%
104
16%
16
96
.
*24
55
*24%
24%
96
■
104
104
12Va
12
36%
36%
16%
104
,
8%
12%
23%
2%
2'%
3
36%
23%
*16%
8%
8 Va
■
$ per share
12%
12y8
36%
*23%
49
*75%
.
$ per share
Sales for
the Week
12
12
48%
*77
8V2
^ 12%
23%
*2%
12%
12%
12%
12%
12%
...
Friday
Oct. 1
Thursday
Sept. 30
$ per share
12%
12%
12%
STOCKS
FRIGES
Wednesday
Sept. 29
,
$ per share
$ per share
12%
AND
Tuesday
Sept; 28
Monday
Saturday
Sept. 25
1357
_
29
8%
3
95
Anr
Mar
Jun
Mar
2*
Pel
35. Dec
13
Ausr
11% Nov
1 na./t
•
THE COMMERCIAL & FINANCIAL CHRONICLE
1358
Monday, October 4, 1943
NEW YORK STOCK RECORD
_____
lilGH SALE PEICES
Saturday
Sept. 35
$ per share
106
$ per share
106 Va
*16%
1614
16%
*138
16%
*138
16
142
16
*138
142
6
142
10714
*106
306
106
6
15%
7%"
7%
7%
2%
2%
101%
101%
2%
101%
2%
2%
101
101%
*65%
66%
7%
101
168'
*163
66%
66%
66%
*166
167
167
16
16
15%
80%
79%
15%
15%
80%
80%
*133%
135
135
*66%
66%
170
15%
*66%
68
*115
117
63
117
*115
2%
2%
101% 102
*65%
68
*166 . 170
*15%
16
80
80
135
135
*66%
68
*115
117
*79% 81
*133% 135
135
*66%
68
116
*115
*17
19
*17
19
*17
22%
*21%
22%
*21
*36%
37%
*37%
*14%
38
*37%
14%
;.
22%
38%
*14%
15%
'
42%
r
13%
42%
44%
15%
41%
44%
*42%-
*15%
15%
*54
55%
*111
111%
63
*62%
8%
8%
*34%
35%
li'r '
2
7%
7%
27%
27%
8%
9%
9%
1%
1%
12%
*45
9%
17
93%
*92
17
*74
39%
93
164
*160
164
75
*9%
16%
39% .
92%
*160
73%'
10%
8
*34%
10
39%
93
39%
*39%
*160
*45
16%
9%
9%
17
12%
*27%
46%
27%
28%
46
.
12%
27%
12%
12%
*27%
*45
27
*9%
.1%
2
9%
1%
*13/4
7%
27%
9%
1%
1%
*7%
*27
11%
10%
74%.
11%
*7%
8%
34%
35%
8
34%
34%
*11
74%
114%
*114
*7%
*176%
1^7
*176
70%
71
70
174%
174%
174
1%'
2
*16%
16%
*63
65
5-:
30%
16%
30%
133
5
16%
*62Va
5%
.
5
29%
30%
30V«
133
134
17a
65
*62
5%
■
1%
16'A
1%
,
13%
12%
67%
66
66%
10
10
66%
66%
67
67V4
66%
9%
*66 "
43%
*42
42%
*42
*42
9%,
10
36V2
*36
36%
36Va
36Vs»
*49
49%
49
50
*49
*113
120
*113
*111%
120
14%
14%
13%
14%
14
14%
14%
14fa
14%
13%
18
18%
*109%
15%
*30Va
30%
140 V2
'
*14%'
*32%
*106 V*
91
*129%
*77
i
30%
141
141
323A
14%
109V2
14 Va
91%
92%
90Va
9,1
1301
133
130
*77
...
^
22%
22Va
*58
59%
58%
22%
58'A
*69
71
70
70
*10%
11
10%-
10%
22%
19%
*122
19%
22%
22%
7
22%
16%
102%
*16
*106
22%
16
16Ye
*101%
•
.
16
102%
102%
*16
17
*19%
*122
7
7
17
21%
21
14
13%
13%
*112%
—
19%
*30
*4%
*112%
30%
19%
54
8
23%
31%
67
10
67
43%
36V2
51
120
14Va
13%
18
V
/
31%
31%
91%
21%
36
*48%
69%
22%
58%
*130
*77
*10%
:
19%
19%
*122%
7
*23VS
15%
17
*106
112%
*112
30%
31
*18%
*30V2
18%
*18
32%
*31%
31%
4%
*4%
5
*52%
54
23%
,
..
•
*52%
31
64%
65%
26%
26%
*17%
*38
18
63%
38%
*26
27
*114
115
5%
26
18
*16%
5%
1%
16%
1V2
63%.
25%
25%
*16%
54
54
54
100
23%
23%
24
1,800
8"
*7%
8
100
32V4
31%
31%
31%
31%
31%
31%
31%
14Va
14%
*37%
'64
65%
25%
38%
*37
65
18
66
25%
25%
*16%
14V2
25%
*17
38%
1,500
3,700
*34
,
65%
18
65%
560
26
26V4
1,200
*17
18
Laclede Gas Lt Co St Louis
210
._
'
5% -preferred
Lambert Co (The)
—No par.
Bryant—.No;par
Lane■
1,400
1%
1%
lsa
1V2
1%
1%
lVa
1,100
Lehigh Valley
16%
I6V4
16%
16Va
16%
16
16%
1SV4
16%
2,200
29%
.5%
•
*16
25%
115'
...
25%
25%
115
5%
113
57«
*5%
;
*37%
25%
*112
6
39
*373%
5%
*1%
39
200
26
26
26
300
115
*25 V2
113%
*113
115
60
5%
1%
5.%
•'
—5
25
.100
.50
5%
•
—
6%
conv
Coal
preferred
.
No par
.50
;
29%
29%
29%
29%
29%
29%
29%'
29%
1,600
Lehman
*19%
20
19%
20
19%
19%
19
19
19%
19%'.'
19%.
19%
1,000.
35%
36
*35%
36
35%
35%
35%
*35Vg
36
36
36
Lehn & Fink Prod Corp...
Lerner.Stores Corp...
No par
40
40 V8
39%
39%
39%
39%
39%
39%
40
40
40%
1,700
7%
7Va
7%
7%
7,400
Llbbey Owens Ford G1
Libbv McNeill & L3bby__
No par
7
29%
7%
30
29%
39%
7%
For
footnotes
7%
7Va
;
—
see
page
7
1
,
1363.
,36
♦
•
;
.
7%
7
-
7%
Jan
600
Corp
—1
(The)
.
Jan
Jan
2
7
24
t—
/
Jan
4
Jan
4
Jan
7
Jan . 7
Jan 27
Jan
4
Jan 27
Jan
2
igJan
2
11% Jan
6
Jan
12
Jan
6
Jan
8.
Jan 12
Jan '2
.
■
-
'
.
'
'
32
22%
37'%
43%
8"%
11
Jan
Jan
Sep
Apr
May
July
Apr
May
Apr
Oct
Aug
Apr
May
Mar
Apr
Mar
4% Oct
16% Feb
35
Dec
100
Jan
163% Dec
74% Feb
12% Jan
' 6% Feb
23% Jan
.
:
111%
10%
8
151%
61
v
166
57
:
4%
30%
13615%
60%
'
48V4 Feb
32
Feb
39% Oct
104% Oct
7Va Nov
7Va Nov
10Va Nov
95
Jan
11
Dec
32% Jan
138
Nov
10%
33%
107%
73%
...
Feb
Jan
Jan
Jan
Jan
13%. Dec
124
7%
V 29%
11%
100%
Oct
Oct
9
Dec
NOV
,Feb
Jan
11% Sep
103% Dec
14% Dec
4% Jan •
.
105% Jan
.
37Va Jan
15Va D'ec
29
Jan
2% Feb
40% Feb
22% Jan
3'A Jan
27
Jan
29% Jan
.
:
V:-
7% Apr
21% Apr
11%. Jan
8% Mar
15% Apr
18% May
104
Aug
2% Jun
13
41%
18
11%
28
23 Va
113
4
1%
15%
(2- Dec
8% Jan
17%'Apr
11% Apr
V
May
Sep
Dec
Dec
Dec
Jan
Jan
Jan
Jan
Aug
25
Dec
14% Aug
26% Dec
33% Dec
5% Jan
18
Apr
20'% Jan
4
Mar
—
Dec
...
24%
64
79%
U
Mar
Jap.
May :
Apr
81% Dec
7
Jan
93% July •
10% Apr
,
Nov
..
117
2%
16
6
-;
Nov %
Jan
Jan
129
*
17% May
,\53%1Dec
61
Nlay
7% Aug
.
Dec
Nov
Oct
Dec
Jan
Jan
3Va Nov
46% Jan
•
5% Jan
18% May
85
May
50% May
122
Jan
5
July
12% Dec
Apr
Apr
Apr
Jan
Dec
Mai;
Mar
May
May
May
1% Jan
2
Jan
6% Jun
88'A Apr
7% Apr
24% Apr
127
Apr
..
,
Feb
Jan
Jan
Jan
Dec
% Jan
39
26
26
94
May21
May 21
Jun
7
Jun 18
Sen
2
July 17
July 20
May 19
Jun
1
Jun 5
14
26
17
15
17
42
Oct
30% Oct
July 21
Aug 23
Apr 6
Apr 5
Apr
6
Jun 25
July
Jun
Sep
July
Jun
9% Nov,'.
23% Oct
Jan
May
38
1%
24%
126%
7%
43%
1V2
Apr
A :
16%
72%
29%
' 19%
39Va
29
120
8%
2%
20%
5% Nov
1% Apr
<
May
113
Apr 24
100
May
35% Apr
8
26% Jun
20'A July 15
11% Apr
34
July 15
24% Jun
6% July 26
1% Jan
58% July 29
30% Sep
24% Sep 22 .1 17
Mar
10% Apr 3,
2% Jun
32% Sep 30
.19% May
32% May 6
22% Apr
.
7
9%
35
177a
■ 11%
26%
20
107%
2%
14%
23%
31
5
..5
2
11
5
14
5
20
16% May 11
3% Jan
ft Jan
% July
3% May
8
6
17
Sep 13
103% Aug 4
17 ■ Sep 20
110% Aug. 31
24V2Mayll
4
Jan 29
1% Aug
5% Aug
237/e Dee-
147
19% Sep 23
Aug 9
34% Jan 12
18¥a Jan
2
2% Jan 11.,.
23'/a Jan
4
24% Feb 26
.
.,
10% Apr
29% Apr
1
2
Feb
Jan
...
4% Oct
34% Feb
-
Jan
5%
13
32%
2%
10%
21
74
153
54
8%
1
5'%
18%
100%
5%
5%
1097/a
40
92% Sep 27
,
Dec
44 Va Dec
106
Sep
% Jan
16% July 8
34
July 14
109 Va'Aug 19
..
,
.
May
.2
July 12
"5
July 26
Sep 27
July 14
May 10.
16% May 10
18% Sep 21
lllVaAug 26
18
Jun 2
32% Apr 3
145% Jun 10
71%
44
38%
50
115
16%
1% Jan 13
100
.100
—
July
May
Apr
July
13% Jun
68% Sep
11% Jun'
Jan
,2
Jan 13
Jan
6
Jan
2
Jan
2
/
14%'
67
6%
36%
138
15
17
Nov
29% Nov.
7% DecF
18% JanV
115
Feb)
38% Feb
39% Oct
11% Nov
16% Apr
127
102
28%
15Va
25
:
:
,
'
6
8% Jan
1
Keystone Steel & W Co
—No par
Kimberly-Clark^—
^.No pair
Kinney (G R) Co...
1
$5 prior preferred——No par
Kresge (S S)-Co.
10
Kresge Dept*Stores.—
1
Kress (S H) & Co..—
No par
Kroger Grocery & Bak—No par
100
1,100
23Va
32
18
,
.
Kendall Co.SR pt pfd A___r_No par
Kennecot't Copper.—..
No par
Lee Rubber & Tire
Lehigh Portland Cements
4% conv preferred
Lehigh Valley RR
115
5%
1%
16%
38
26%
38,
*25%
*114
\
-
5 Va
preferred———100
Kaufmann Dept Stores
—1
5% conv preferred...
100
Kayser (J) & Co..
5
Keith-Albee-Orpheum preforred.100
Kelsey Hayes Wh'l conv cl A—1
Class B
•
300
.
32%
*5
10
32
11
8
..-14
18
18
1,200
13,600
*7»A
23%
*7Vt
31%
14
63%
64%
26
"
13%
31%
*30%
-
.
600
137/e
*112
5
5
;
14%
*14
14
140
200
6
17
5
136
79
267/a
65 .
82 '
12%
5%
20
7%
83
11%
103%
15%
par
4%
...
13%
_
200'
600
.
22
,
13%
15%
22
:
31.%
31%
'
10
No
.
9% Jan 12
26
Feb 19
96%Mar30
70
Jan .21
126
Jan 27
78
Aug 16
19% Jan
7
54%Jan
7
64% Jan
8
8% Jan
4
Kan City P & L pf ser B—No par
Kansas City. Southern...
9
2
19
•
..
...
^
Jan
Jan
Jan
Dec
May
Nov
l7/a Jan
94% Dec
58% Oct
158
Feb
14% Nov
75% Dec
134
Oct
48% Dec
102% Jan
2% Apr
29% May
4% May 10
49
Mar 25
-
Jan
8
Jan
5
Jan: 9
Apr 12
Jan
2
Jan
2
3% Jan 4
37% Jan-11
39
July'16
28
Jan
4
36
Jan
7
102% Jan 15
6% Jan 7
6% Jan 7
9% Jan, 7
90% Jan 14
10% Jan 4
27% Jan 5 "
135
Jan 5
—
Kalamazoo.Stove & Furn
!
16%
31%
400 *"
1,000
102%
18%
31 %
21%
,14
600
1,400
*106
30%
' ■
A
23%
102%
16%
102%
*16%
.,
•'
5
5
7
55%
3%
28%
130
8%
45%
RR
96
18
17
9
162
100
stamped.. 100
Jones & Laughlin Steel.,..
No par
5% pref! series A——..100
5% pref series B COUV.
—100
Joy Mfg Co—
1
Preferred
Joliet & Chicago
2,400
300
V
.
8% Jan
30% Apr
30
12
10
Jan
7
2
Jan
xl2% Jan 19
122% Feb
2
,3,100
/
Jan "2
Jan
2
27
28
21
3
2
20
56% Jan 20
preferred—..—...100
Johns ManVille—.^——No par
30
2%. Jun
10% Jun
29% Mar
11%:'July
2% May
7
8
Jan • 7
;
4 %%
.•
Jan
Jan
16% May 6
31%'May 5
48 • May 10
13
May 6
19% July 22
44% Jun 28
100% Apr
7
168
July 23
78% July 24
15% Apr
8
8% July 1
38% July 6
115
Mar 29
9
Mar 29
9% Apr 6
177
Sep 24
74% Jun 28
177
July 27
8
Jarvis fW B) Co.———
1
Jewel Tea Co Inc.—
No par
500
7
*16%
*15%
*101%
17
200
200
30
126
7
24%
—
800
19%
*122%
102
..
'
69%
19%
126
6%
*23V8
'
-
10%
•
.
24,100
900
2,800
...
10%
112%
-•
'
22%
58%
7
15%
131
22
*58
69%
21%
8
'
313A
800
13%
18
110%
14%
30% %
143
70
-22%'.
58%
126
23%
800
14%
14%
*31%
32
*106% 109 %%
90%
90%
*13%
54
•"
14
18
*77
19%
100
120
13%
5
37
Jan
4
Jan
11% Jan
32% Feb
88
Jan
158% Apr
62
Jan
.10
Jan
6% Jan
21% Jan
106
Jan
6% Aug
6
Jan
144% Jan
.
200
*14%14%
31%
32V2
*106%-109
90%
91%
130% 130%
13%
24
' 2,700
•
*110
14%
*30V4
*141
21%
18%
2,500
49%
13%
220
38,300
*113
13%
31
15,400
36%
50
.*10%
*21
13%
*7%
31%
31%
36%
10%
*106
100
>
Jan
18% Jan
Int Hydro-Elec Sys class A——25
Internat-Min & Chem
5
'
4% preferred—
100
Internat'l Mining Corp—1
..1
Int Nickel Of Canada.J—No par
>
Preferred
100
International/Paper CO-.'—15
5% conv preferred———100
Inter Rys of Cent Am^—No par
5% preferred.
—
100
' ^International Salt...—-...No par
International Shoe^—.. ,.*_No par
International Silver
50
7% preferred
——
.100
Intern'l Telep- &'Teleg...—No par
Foreign share Ctfs—No par
Interstate Dept Stores.
No par
Preferred
100.
Intertyoe Corp.—
No par
' ' Island Creek Coal..
1'
£6 preferred
1
2,900
132%
13Va
5
8
Jan 5
May 4
Jan 9
% Jan
11% Jan
Illinois Central RR Co_
100
6% preferred series A.——100
Leased lines 4%
100 •
; P-R See ctfs series A
.1000
Indianapolis P & L Co——No par ;
Industrial Rayon
—
No par ;
Ingersoil-Rand
———No par-
.
2,000
2,000
'
43V2
69%
15
*
.
*110
110%
14%
14%
'30%
30e8
*141
.143
•
...
%
4%
22%
4%
•
6% preferred——100
Inland Steel Co
—
No par
3,400 :. Inspiration Cons.Copper..——20
500
Insuranshares Ctfs Inc..J....—1
1,000
Interchemical Corp.—No par
150
6% preferred.
—j
100
,
500
Intercont'l Rubber.———No par
1,900
InteHake Iron.——.No par
...
300
Int Business Machines——Ni) par
4,600 * • Internat'l Harvester...;—...No par
380
Preferred -————.— 100
\
*113
120
13%
14%
*13%
143A
18
18%
22Va
102
*
10
v
800
u'66%
66%
.' 9V2;' 9%
* 67% 67%
*42%
58 »A
*16%
300
5,600
.
31
677/^
36
,
19%
' 13
'
Hudson & Manhattan
—100
.5% preferred
—.—100
Hud Bay Min & Sm Ltd.—No par
Hudson Motor Car...
N4 par
Hupp Motor Car Corp
...
1
—
490
5%
43
10%
..
13
66%
*48%
133
*122Va
30%
*130
'
1,600
.
104
16%
146
4%
88
8%
12% Mar
11
Mar
14% Jan
6
Jan
12% Dec
110
Dec
21% Oct
27
Jan
.;
'
6,900
500
64
5
10
67%
69%
19%
7
64
'
134
141% Apr
10 V*. Apt
51
Apr
.125
Feb
30% Mar
79
Mar'
60
9
36
114%
43
22%
58%
126
1
1%
16%
5%
12%
900
3,200
2,900
'
•
11%
1%
16%
30%
167 , Mar 9
17% July 3
87 ' Jun $
136% Aug 26
71July 14
118 « Aug 16
'!
900
500
7%
7%
176
71%
71%
174% 174%
64
66'A
1,500
-100
100
'."
2,200
3,000
700
175%
16%
4%
30
134
14%
33
*129%
*77
*8
*35
*113
7
1%
*63
"
5
14%
33
A
■
64
*106lA 109V8
90%
91%
24
8
31%
31%
.*31% .'31%
*31%
8
,
1%
16%
4,600
200
12%
13%
*28
28%
45%
45%
*9%
9%
16%
17%
*39%
39%
*92%
92%
*160
164
72%
72%
71%
174%
71
174
29%
30
133 '
133%
12%
12%
66%
66%
9%
9%
67'
67
*42
43%
36
36
*48%
49
*113
120
13%
13%
*13%
14%
17%
17%
*110
110%
*14%
15%
*30>A
30%
*141
143
16
*18V4
31%
4%
54
23%
24
*7%
30V4
8%
35%
*113
114%
A *6%.: 7%
7%
7%
*173
175%
Jan
Jan
•
300
2,100
,
18% July 6
144% May 14
7% May 29
106%,Sep 22
10%May28
'
•
A
27%
9%
1%
9%
1%
'
'
Apr
12% Apr
X126
Apr
3% Mar
'80
Jan
' 5% May
Hlnde & Dauch Paper Co
10
,>14% Jan 6
21% May 10
Hires Co (C E) The..—
1
16% Jan 18
25% July 13
Holland Furnace (Del).
.10
• 28% Jan 21
40% July 2
; Hollander & Sons (A).———-—-5
7
Jan
6
17% July 12
Holly Sugar;Corp-——_—.No par
12% Sep 8
17.: Apr 8
■
7% preferred—
—l..—... 100
115
Jun 22
115% Jun 9
Homestake Minings.'——.—12.50
. 31
Jan 5
42% Sep 20
HoudaillerHershey cl A—....No par
36% Jan 12
45 ' July 2
Class B
—.—No par - : 9%.Jan :"5
17
July 22
Household Finance..——No par
44
Jan
2
57% July 30
5% preferred—
——100
105
Mar 10
114
July 12
Houston Light & Power CO—No par
59% Aug 31
63% Apr 18
* Houston Oil of Texas v t C-.
.25'
3% Jan > 2 \
9% July 13
Howe Sound Co——^.—5
30% Jan 4
4 lift Apr
5
100
V.VX',*'
1%
7%
*6%
'27
■
11%
8%
1%
16%
16%
*62l/2
5
:
*35
6%
7%
176%
70%
174'A
1%
64
5
11
113
70
174
2
16%
•
8%
35%
*23
*52%
54
54
24
19
31%
4%
*4%
5
•
113
6%
: *7%
*174%
*22%
24%
*15%
16
*101% 102
*112%
50%
—
31
19
*30
31 %
10%
*8
35
8
39%
92%
164
*72%
74
11
11%
*160
72%
7
21%
13%
21
14
31
10%
10
17
*39%
92%.
,
-sW''
-,
46
17
92%
164
18
t per share
98
3% May 10 A* - % Jun
110% July 23
79% Apr
711 Apr 2
45
May
300
1%
13
28
28
39%
*39'A
92%
*160
72%
35%
12%
9%
17%
66
117
'
Year 1913
Highest
Lowest
$ per share
Jan 2
Jan 20
Jan 6
600
30
"200
2
7%
27 '%''■•'"
9%
1%
*45%
*9%
46
9%
7%
*106
21%
30%
;
16
*106
__
*16%
130% 130%
*77
22Va
22%
*58
59%;
*68
69%
*10%' 11
126
:
'7%
■
19%
19Va
*122
126
*7%
17
12%
28
46
14%
14%
32%
32%
*106V4 109%
14'A
*32%
*106%
■
34
109% !
12%
*27%
*110
110%
*14%
15%
30%
30%
*14.1 - 143
110%
15%
30%
*14%
140 Va
17%
18
18
*109%
110%
*14%
12%
28%
46%
10
"133
12%
13Va
13%
67
9%
1%
.
Hayes Mfg Corp
—21%
Hazel-Atlas Glass Co
—
25
93%
Helrne (G W).
25
56%
Preferred —
—
100
152
Hercules Motors.,
.......No par
12%
Hercules Powder...
No par
73
6% cum preferred-.....—100
130
Hershey Chocolate..—
-No par
49
$4 conv preferred——...No par
100
.
10
700
-
*17
.
'
Range for Previous
■" '
Range Since January 1
Lowest
Highest
t per share
$ per share
99% Jan 6
107% Sep 13
,
2,400
240
200
.
%
*21
22%
*38%
39
14%
14%
12%
13
*115
117
41%
42%
*43%
44
14%
14%
54%
54%
*110
111
63
63
77/8
7%
34%
35
15
*1%
7%
27
9%
1%
7%
26%
9%
1%
73%
xl4%
r
"
••
.
.
Hanna (M A) Co $5 pfd_—No par
Harbison-Walk Refrac——No par
13% Jan 6
6% preferred-'
100
135
Feb
3
Hat Corp of Amer class A__
;-l 'V. 4% Jan 5
6%% preferred--.—__——100
86
Jan
2
Hayes Industries Inc__——
—1
6% Aug 30
■
600
20
600
'
NEW YORK STOCK
EXCHANGE
Par
80
1,100
66
117
*53%
55
*110
111
63
63%
7%
8
*34%. 35
2
26%
39%
92%
164
;
,
\
*79%
81
*133% 135
*14%
15%
13
13
*115
117
.
41%
42%
43
43%
v
.
-
*166
170
15%: 16
18
;
/:
Shares
2%
2%
102% 102%
*65%
67
22%
39
*38%
8%
35
2
*7%
•
133
133
12%
.
2
.7%
27
9%
1%
**16%
*21
55
111
63
*34%
6%
6%
7%
7%
176% 176%
70%
70%
174
174%
177
70%
174%
15
«'53%'*110
63
*8
.
117%
*116
42%
44%
15%
*42%
114
114
7%
7%
7%
-7%
77A
114
114
7%
*7%
8
13
117
13
*115
42
*42% 44%
15
15
*54%
56
*110
112
,62% 62"%
8
8%
*34
35%
15%
*54%
56
111% 111%
62%
62%
7%
8Va
*34%
35
*42%
15
13%
117
41% 42
*115
117
*115
117
42%
15%
13%
13%
13%
*13%
*115
•
the Week
16
16
*138 ; 142
*6
6%
.*106
108%
*7%
7.%
2%
2%
102
102
*65% 67%
*166
170
15%
15%
81
81
*133% 135
66%
66%
22%
38%
15%
*37%
*14%
Oct. 1
V.
*17
17
*21
19
*21%
142
6
106% 106%
*7',4
7%
6
6
106% 106%
7 >4
7%
Sales for
S per share
107% 107%
*138
6
142
*138
;
♦2%
*105'%
-
15%
Friday
107¥4
16
*106
16
106
106
*5%
6 ;
*105% 106%
*7%
7%
6%
*6
*105%
*
$ per share
$ per share
STOCKS
.
Thursday
Sept. 3ft
$ per share •
Wednesday
Sept. 2'J
Tuesday
Sept. 28'
Monday
Sept. 27
1
—
-
Saturday
Monday
Sept. 27
Sept. 28
LOW
"38%
"69
70
71%
181
%
27%
34%.
,26%
69'A
69'A
70
70
1,600
69%
*25% •27%
*25%
27 V»
34% .;34%
34%
34%
*181
181%-
*181
181 Va
*25%
2714
■■}
*25%
■
34% V. 34%
27'A
Par
'•
'
IIZII25
Lily Tulip Cup Corp
•Lima Locomotive Wks
"38
"38%
40
*19%
20%
19%
19%
47
•
47
19
20
19%
19
16%
16%
59%
59
46%
46%
; *46 Va
8%
8%
Va
*8
.
59 Ve
28
18%
153
21%
70%
27%
18%
1$%
152
21
47
•.
8
16%
59 V4;
5s
46Va
46 Va '
59%
8%
Ve
153
21%
27%
18%
21%
71%
*70
71
Va
*25%
26'/a
26
44
22 Va
'•■"32%
71%
71%
,r
3,800
loo
IV;
2,600
,
■l:
42'AJan
25
18% Jan
13
Co,—
10
16 Va Jan
300
71%
7 7c
2
(P)
100
148Va Jan
15% Jan
6
100
59% Jan
.
.
32%
Feb
37'A
Nov
12%
Oct
.11% May
16'A
Dec
14% May
24%
Jan
46%
Dec
42%
Jan
37
July 24
51% Jan
8
29% Sep
2% Mar
2Q
21% Jun
5
15
8
29
May
July 22
138
128
VA Dec
Apr
■
Mar
11%
Sep
19% Nov
16% Nov
153
Apr
55 Va
July 24
.
V
Mar
ll'/a
163% July 22
22 »A July 19
79
.Jan
31%: Jun
:
11'A May 10
8
Louisville & Nashville
Jun
26
64 Va
t
12
—No par
preferred___„,__,,
Dec
23% Nov
25%.Mar 29
4
Biscuit-
177
25% May
9% Jan
July 20
21% July 27
,21% Jun
,
7
11
6% Feb
Louisville Gas & El A—
;
15
37% Jan
par
.—No
May 27
43
6
16% Sep
par
Loose-Wiles
Lorillard
15 % Jan
par
—No par
„„
164%
7
4
—No
-
900
,•'■
22'A
21%
Inc
Long Bell Lumber A
Jan
182% Aug 19
4
19
r
Lone Star Cement Corp
800
18'/a
i52V;, 152'
.,•;
v.
Loew's
3,200
Jan
74%
28% May 27,
12 Va Jan
No
73%
Apr
4
Jan
Jan
50% Apr
50 %
Apr
16% Apr
34'A Jan
Lockheed Aircraft Corp,
3,200
y4
18%
21%
; *7i
26'/a
*70
153
;*21%
Refining Co.
33
4
24
par
Highest
'$ per share
Mar
2
—No par
^
71
share
20
Apr
22% Jan
...No par
„No par
Liquid Carbonic Corp,
600
27%
.27%
;
Lion Oil
.7,100
8
7%
18%
.
*152'•
153
*21%
28
*27%
18%
■
'
19%
,
••
46% l: 46%
..
8%
Link Belt Co__
400
1,200
16%
16%
,
•
V *19'/a
19'/a
.16%
,59%
,
20
$ per
July 26July 15
73 Va Jun
"
19 Va
19 Va
16%
39%
20'A
*38'A
20 %v
•
'28
153%
70%
•
38%
38 Va
*19%
39%
'
.21 \V
71%
-
*38%
X20
;
20%
58%,
59%
8%
*152%
21%
71%
;
/., .47:/.
*27%-'..28%
18% "19
...
153'A
*21
-
.
39%
t
19 Va
'
f
*8
•
20
'16%
19%
47
•.
28% '-28%
*152%
59
■
8%
19
•
16%'. 17.
59
^
"8 Va
39
'20
19%
16% v. 17 %
59
.40
19%
41
2
174
•
—No
4
Jan
1942
Lowest
$ per share
per share
63Va'Jan
,100
—s.
Year
Highest
62 Va Mar 25
25
—
"
$
30
—
Preferred
'3,100
\
'
Series B
100
35
35
•
*'
•
Lowest
Liggett & Myers Tobacco.
30
181%
Range Since January 1
Life Savers Corp™.
1,300
70'A
69
70%
*181
181%
69
,
100
69'/a
70'A
-
:
Range for Previous
STOCK
EXCHANGE
Shares
39%
•
38%
-
J per share i
>
NEW YORK
the Week
*38'A
38%
69%
71
35
"
Oct. 1
$ per'share
per share
39%
69%
71
26%
.
34
35%
69%
181%
Friday
Sept. 30
*38%
39
70
-181
181
S
for
Sales
Thursday
Sept. 29
71
■ >
70%
■
*38%
39%
69%
'
71%
181
"25
*38%
39 %
STOCKS
PRICES
Wednesday
$ per share
$ per share
$ per share
■
SALE
AND HIGH
Tuesday
Sept. 25
Dec
18'A
Jan
76%
V
Jan
M
'
26%
*26
*33% '
33%
33
29%
29%
29
'29%
*13%
13%
1
33%
*26
*135
26 Va
*135
26'/a
*135
V *25%
26
•
33
33%
29'A
29
29
13
13
13
17'A
17'A
•1,600
Mack Trucks Inc_,
1,100
Macy (R H) Co Inc
'
V33V'.:
32%
33
■
•
17
17% '
V*
*12%
13
•
17%
.
*250
29%
*12%
17%
17%
*250
17%
■
*250
29'/a. :• 29 Va
29%
29 Va
•
13'A
*12%" •13%
17%
17%
17%
18
•
20% Jan
.—100
133
28
—No par
Magma Copper—.
Mahoning .Coal Co.
1,100
10
;
,2Vo par
No par
Madison Sq Garden,
400
-
13'A
•
*250
*250
*250
.
Forbes
&
preferred,,,,J
6%
"
33 Va
MacAndrews
*134
*134
*134
■•33
% 200
26
10
Jan
4-
17
Aug
9
Jan
10
320
Mar 15
122
Apr
Dec
23'A Jan
131
Jan
26%
Dec
35%
Jan'
17%
Apr
21%
Jan
9% Nov
13%
Jan
24% Mar
19
27%
Jan
37
18'A Jun 14~
——
15 Va
6
Aug 12
May 3
30% July 15
14% May 19
2
320
6
Dec
Mar 15
'
6%
6%
.
'•
~6%
6JA
'
*11%?
12
*11'A
12
*17%
18 •*.
*17%
6%
18 ;
6'A
*11
11%
*11
is
18
3%
3 l/a
3%
3%
5%
5%
5'%
5%
5%
14'A
14'A
*14'A
16'A
16%
16%
14%
16%
16%
3
15
;
16 '
1
12
'
5%
5%-
•VV
5%
15%
16 Va
16
Mandel
Bros,,
100
.
3 'A
Manhattan Shirt--.
6,500
16- >.
6,630
16'A"1
2,900
V
Co
3% Jan
—1
—.—..No
2
8% Jun
f>3/„
11
par
6 'A Jan
2
12
25
14'A Jail
8
Maracaibo Oil Exploration,,,——rl
Marine Midland Corp
-——5
1,500
•
5 %
15%
16%
Sugar
600
19
-'
Manati
2,000
12
-
*18%
3%
16%
16%
:6%
I'' 6'/a
19 Vs
*3
15%
16%
i
11%
*18%
5%
14%
.
,"11%
••
3%
',;1- 5'A
,~6%
6%
19'A
3'A
5%
12
*18%
•;
*3%
14%
"i%
1'% Jan
27
19% Apr
5
4% July 14
3 Va Jan
2
6% July 13
Jan
5
9% Jan
2
X17
July 14
16% Aug 23
3% Jan
>5
24
May 27
May
5
May
11% May
Market St Ry 6% pr preferred—100
•Marshall Field & Co.
:
—No par
9
Sep
23
18'A Apr
4% Jan
_
x6%
16%
% Mar
2%
2
Jun
Dec
Jan
Nov
3%
Jan
4% Jan
ll'A
Oct
8%
15
Apr
12%
Jan
26'A
Jan
6'A
Jan
•
17% :
■
•
18'A
18
17%
17%
17%
17%
18
17%
17%
18
-
is
5,600
.
Martin
(Glenn L)
■
———1
Co
•
5%
5%
5%
5%
5%
;
*5%
•'
5%
5%
5%
*38%
39
*38%
39
••
38%
38%
*38 Va
39
*38%
30%
*28%
30'%
*28%
30%
*28%
30
*29
30
22%
'22%
22%
22%
22%
•
5 Va
.
5% "' •
*5%
39'A
*28%
38%
,1,400
38%
*29%
-.
200
■
'
22%'
22%
*170
172
*170
57%
*56
172
170
170
*170
57%
57%
•56%
56%
*5%
5%
5%
5%
22%
22%
22%
.
*170
172%
*170
173
*55%
56'A
*55%
5%
5%
,•;;• 5%
22%V
22'%
10
171%
55'A
56
2,100
56
500
•
5%
5%
32%
*31%
32%
32%
*31%
:
32%
31%
5%'
31%
32
5%
5%
*30
f 31%
1,100
400
32
*105
110
*105
110
*105
110
21
21
21
21
21
21
21'A
21'A
21%
2l%
2l»4
21'A
1,300
16%
16%
17
16%
16%
16%
16%
*16%
17%
V 16%
16%
2,000
*16%
*110
115
*110
'
115
110
115
*110
*110
•
*110
110
*110
10
*110
115
*110
115
115
27%
49
27%
15%
27%
*15
*14%
15%
15%
15%
*15%
15%
15
15%
*14%.
48%
48%
48%
48%
48%
48 "Va
48%
48%
48%
49
23%
23 Va
23%
110%
*110
*11%
27%
110
11%
''
28
23 Va
23%
110
11%
28
23'A
110
V
11%
27%
23
23
110
110
ll'A
11%
ll'/a
"ll'A
15'A:
49
600
No par
No par
—
Corp——
Eleo
Mathieson
Co———
Wks
Alkali
No
165
3-7
preferred—
..No par
cum preferred—..No par
Stores Corp—————i
McCrory Stores Corp
——,1
5 7c conv preferred,——
100
Stores
4
8%
8%
89
*86%
113
*112
113
8%
■
77%
77 %
78%
32
31%
*112
8%
*86%.
*112
112 Va
8%
89
*77
78%
.
112
8%
89
*86'A
32
112
8-%
88
8%
*112
113
88
*86
88
113
*8'A
8%
8%.
78
78
*77
79%
33
33
31
78
78
'••
30%
31%
8%
78%
32%
;
8%
?■'■ *86.
V;
32%
;
67c
20
-
8%
88"
1,400
conv
$6
Jan
.46
% Jan
32 Va Jun
l'A
3%
Nov
22
Nov
101
Dec
Jun
9
Mar
12%
Oct
7
10
May
14
Jan
Jan
7
113
99% Aug
.11% Jan
104
May
6
13
29
11
7
14
16% May 19
50% Apr
8
14% Jan 27
—:—.,,,-100
109'% Apr
_1
6'A Jan
Sep
30
13
Aug
7
108%
Apr
6%
9%
5'A
11% Sep 18
4
115'A Aug
Dec
15%
Dec
110
Jun
94
Nov
39
Jan
May
Dec
9 Va
Oct
101.
Jan
24%
Jan
27%
25% Jun 28
116
r
Co„j—
Jan
13% Sep
10
8% Jan
Dec
7'A
Jan
.,—100
-No par
..No par
No par
preferred
preferred series A
$5.50 pfd ser B W w
60
176
Apr
19'A Jan
Mead Corp
60
Apr
31
76
9
16
'
*111 %
162
110
Sep 29
■'•'22 'A Aug 18
17% Sep 21
Jan
,,
Dec
Jan
Aug 23
60
38V*Jan
cl8
29%
Sep 13
7'A May 29
176
7
—5
McKesson & Robbins Inc.—.
McLellan
Aug
19% July
27 Va Mar 26
5
12% Jan
100
——_——,1
McGraw-Hill Pub Co
preferred
25'A Nov
July 17
—-No par
McGraw Elec Co__
5'A7c
34%
19
* Jan I ■2
.
21% Feb
$3
22% May
7% Jun.
2
Jan
7
43 »A July 16
32
l
11,
2% Jan
$6 1st
290
Jan
21% Jan
par
McCall
Mclntyre. Porcupine Mines
1,600
22
7% preferred-——.
—100
May Department Stores,^ .——10
Maytag Ccr
.No par
3,500
11%
.31'/?, May
—j>,1
1,800
110
ll'/a
11%
1,500
-
-■
23'A
22%
110
110
' !
28%
28%
'23%
23
"110
110
11%
29
28 Vt
Martin-Parry Corp
Masonite
.Master
30
17'A May
3Va Sep
.
101
Feb
24
6
Jan
4
10% Apr
67% Jan
9
89
Feb
26
64%
Oct
60
Jan
15
78 Va
Sep
27
55
Dec
72
Feb
1
27
Feb
9
34% July
20%
Jun
32
Jan
4%
Oct
Apr
x5% Nov
6
108
Jan
7'A May
77
Mar
"
'
9%
9%
31%
9>A
*37
38
*37-
*24
26%
*23
*29%
30
32%
8%
9%
*29
38
:•
9
8%
9
*8%
■
•
:
9
37%
37%
*37
37%
*37
37%
*24 Va
26'A
*24 Va
26'A
*24
25
29
*29
29%
29
37 Va 1 37%'
1,500
1,100
■'/
Melville Shoe Corp
Mengel
•
.
57c
30
;
4% Jan
(The)—,—;
Co
preferred—I—~50
1st
conv
8
2
12'A July
6
Jan
4
42
25
Dec
6
July
3
22'A Jun
29
32% Mar
1
21
Apr
33%
Oct
34'/2 Apr
6
24
Dec
30%
Jan
9% Apr
8
5
Apr
7'A
Jan
19%
Dec
Oct
'
29
28%
71
6%
*28 Va
*111%
114
7%
7%
*94%
95 y4
95
95
*22
22%
21%
21%
2
*7%
28 Va
119
71 %
7 Va
■
7%
6%
28%
71
*71
114
;* 111
114
600
Mesta
Machine
'
1,400
Miami
28 Va
8,700
300
121
190
72%
1,100
*108
114
,*111 'A
'
7
7 Va
7Ve
*93%
95
21%
*94%
21
21%
'
/■'.•
7 'A
95
7
*93%
21 Va
1%
1%
1%
7
7%
7
7
29%
29%
29
86
86 Al
85%
21-
V
-
2,500
Midland Steel
,
8 7c
26
18% Jan
+10
.No
13
Jan
5% Jan
.20% Jan
106 Va Jan
128
Feb
19
109.
Apr
14
3.
Jan
2
par
64% Jan
17
—10
13% Jan
13
.No
200
S6.50
21%
2,000
Mission
1,100
Mo-Kan-Texas RR
preferred
Corp,
July 19
76%"May 6
110
Apr 21
113% Feb
4
Feb
58
107
12 Va M&r
30% Sep 21
31% Jun
7
par
.—100
Minn-Honeywell ,Regu——^ .No par
,100
47c conv pfd series B
4'A% preferred series C_..—100
—1
Minn Moline Power Impl—.
93%
2
5
Petroleum—:
Prod
93%
2
24% Aug 24
,
.—5
1st preferred
cum
par
—
Copper,,.
21 'A
'•
2
2
7
6%
'I-
94%
20%
1%
7
7
"■
Co—
Mid-Continent
29 Va
7%, V:.
6%
71 'a
114
'A
29 Va
■.
29 Va
*108
*111'A
&
.*118'%
72 '
.
Merch
27%
29
119'A
119
800
'
28%
29
•;
71%
2
2
•:
27%
-
28 Va
119
Min Trans Co— -No
24% '. 26'A
63A
6%
*108
*111%
7
*1%
28 Va
29%
*108
"111%
114
29
*70%
*108
*108
6%
119
119
71%'
29
6%
28%
28%
120
*70
71%
29
28%
28 'A
119
121
29
6%
28'A
29
28%
121
30
6%
7%
*6%
26%.
'
16'A May
88'A Apr
.'
35%
98
10
29%
29
29
V
29'A
87 '
*86
87
*86
117
117
*1.7
*117
120
*117
*112
113%
*112
46
46%
45%
46%
*36%
119
*117
'
I July
108
57%
19*
3% Mar
4
25
% Jan
2
100
3% Jan
.4
11% Apr
29%
29%
29 Va
29%
1,900
85%
29%
V"
86
85%
86%
86 %
1,100
Monsanto
119
*117
119
117
120
*117
120
*117
112
112
*111'A
113
*111'A
113%
;
.
45 Va
46'A
38
36'%
36%
37
37
20
20%
19 Va
20 Va
19%
20
16%'
16%
16%
16%
16 Va
:
16'A
45%
*36%
',.19%
•
16
117
7%
3,800
*117
>.
50
119
U9%- 120
120
;
7'A
.20
17% Jan
12
30
100
"45'A
45%
*36%
37
*36%
37
19%
20
19%
45'A
37
19%
16
Xl5%
13,400
200
.
.No par
$4.50 preferred—.—
Preferred series B——.— .No par
8% Apr
Morrell
2,100
Feb
18
Oct
30
'66
May
91
Jan
Mar 19
110
May
May
117%
Oct
Feb
120
Oct
Apr
110%
Jan
23%
Apr
34%
Dec
Mar
3
28%
Dec
48'A Mar
7
12'A
Dec
5
6 'A
Jan
8
Jan
5
27% Jun
9% Jan
7
17
Jun
U'/s Jan
12
18% Apr
7
,217%Jan
8
•
>
102%
31 % Jan
13
112
4%
July 14
50
.No par
Motor Products Corp,.
V
12'A
14
.
Oct
20
+.5
16
Essex
Nov
l'A
Sep
33 V4 Jan
.—50
Morris
14%
jA Jan
Jan
Apr 29
114% Aug 24
2
,
Oct
Mar
1%
121
20
108'A Jan
& Co,—.-—— .No par
(J)
1,870
&
Jan
118
preferred series C—..No par
Montg Waid & Co Inc— .No par
67
Dec
6
119
114%'July 22
$4
Jun
Oct
3%
92 Va Jun
81'A July 31.
Chemical Co———.10
20'A
*15%
15%
50
•
113
*111'A
123,
46 '
45 V*
—
Dec
111
July 23
.No par
77c
preferred series A—
Mohawk Carpet Mills—,—
*117
120
1
Va
7%'
7'A
•
Oct
59%
103% Jan
"
:
•
*107% May
1% May
.
8% Jun
Jan
23%
108'A Nov
37
29% Mar '
11
Oct
9% Apr
12%
Nov
20% Aug
25%
Jan
3%
Jan
-
*15%
16 %
15%
27%
27%
15%
28'A'
29
*4%
..*72
75
20
*20
*78
79
115
■
10
29
*15%
*16
16'A
28%
'
28%
•
16
16%
28%
29
■
4% '
4%
*4%
4%
4%
•
73%
72
*20
20%
*20
20%
78
*77 Va
79
*76%
79
*76
113
113
115
*113
9%
10
*43
*113
115
9%
.
/
44
1
*113
.9%
44
9%
72
72
v
72
4%
*72
*77%
114V
9%
l:
3,000
Mueller
1,800
28%
4%
Mullins Mfg Co class B„—
.No par
$7 preferred—
113 Ve
-
9%
'
•V
30
73%.
20'/a
79
9%
9%
Wheel Corp
Motor
Brass
Co,,
20'/a
V:
79
..100
200
;
113'/a
9%
100
2,400
7
Jun
3
2
Jan
7
77
Jun
25
50
Jan
63
Feb
par
15
Jan
5
23% Jun 26
ll'A
Jan
17
Dec
Murphy Co (G C)_———..No par
62
69%
Jan
——100
111
Apr 13
July 3
Munsingwear Inc—.———.No
4% 7<>
preferred-—
44
44
*43%
44
44
300
44
& Bro—
Myers (F E)
2% Jan
53
•
2
.
10
5% Jan
.No par
34Ys Jan
12
Jun
18
Murray Corp of America-
1
44
V
Mar 29
31
'
*20% "-•20%
78
44
800
'
*72
20%
't
j
16'A
28'A
4%
75
10
*43
28%
4%
*72
20
*113
16'A
'
5
4%
*15%
2.
22
79% Sep
117
Aug
4
11% July 19
49
May
108% Sep
113
Dec
4% Jan
6%
Nov
30'A Jun
27
Feb
44
Sep
39%
Feb
N
1%
*1%
12%
*1%
1%
12%
12%
12%
•34
34 %
*33%
34%
*14%
14%
14%
*1%
14%
1%
12 Va:
:
"l'A
12%
12 Va
34%
*33 Va
14%
*34
14%
VA
1%
12%
12'A
11,000
33 Va
33%
80
14%
*33
12 Va
33 Va
12'/a
12'A
34
"
1%
*l'/4
1%
14%.
14%
14%
14%
14%
1,200
.1,300
9%
9%
*9 'A
9%
*9%
9%
11%
11 %
1114
11%
11%
11%
*11%
11%
11 Va
11'/a
11%
11%
ll'A
ll'A
11%
11%
22
21%
22
21%
22
21%
21%
21%
22
21%
*174
178
*174
18%
*18%
18%
9 'A
9
28%
13%
13%
20
20
15
15 Va
*11
11%
8Va
-
.
9
*13'A
20
19%
2
15% Jun
7
23'A Jan
2
40% Apr
29
14% Sep
14
19% Apr
1
1
—
Chatt
14%
14%
*11
11%
31 Va
27%
28
10
10 Va
9%
National
180
100
18%
.,
100
77a
Nat
Biscuit
preferred,
Bond
&
Share Corp—..No
2
23
162
Jan
/ 7
176
17
Jan
4
par
110
5'4 Jan
Register,——..No par
18% Jan
National Can Corp—
9'A
9%
12,500
28%
'2,900
>12%
700
National Container——.—
13'A
13%
1,500
National Cylinder Gas Co—
13'%
13% July
Cash
4
14% May 10
2
21% July 23
6% Jan
13
15% Sep
20
9Vi 'Mar 16'
11% Sep
22
19%
19%
20 Va
10,100
14 Va
13%
14'A
1,400
ll'/a
11%
ll'/a
ll'/a
100
32
32 Va
32
32
Va
4,500
Nat Distillers Prod
.No par
■X25'A Jan
14
28Va
29'A
*28%
29%
1,000
17 Va Jan
15
9%
9%
9%
9%
Nat Enam & Stamping,—,, .No par
National Gypsum Co„_——
Jan
12
70'A Jan
31Va
31%
31%
31%
28'A
28
28 'A
9%
9%
9%
,
*87%
,
9%
88
88
18%
18'A'
13,800
v
320
—
$4.50
88
87%
89
18%
18
18 Va
6,500
173 Va
40
7%
145
80
67c
conv
.No par
.
.—10
preferred
...
.No
•
17%
18%
*170
171
171
145
-145
*145
,18%
19%
*19%
*30
.
172 %
19%
19%
18%
18
*171%
173'/a
*171%
173 Va
173%
173%
*145
i 148
*30
' 31 Va
18
par
148
*145
148
145
145
19%
,
31
<L9%
19%
30%
*30
*30'A
19%
'31'/a
6%
•6%
6%
'6%
57%
57%
57 Va
57%
56%
57
57
12%
12%
12%
12%
12%
12%
25
25
*24%
25%
*24%
24 %
25
6%
7i.
*77 Va
*5%
•10%
15%
%
'71
71
78%
71
78
77%
..
15%
24%
6%
71
78
78
19%
:
31
19,'A
*30'A
19%
1,500
6%
6%
6%
57 \
57%
57%
57%
1,700'
12%
12%
12%
12'A
12 %'
2,500
25
25
25
25
25
72.
72%
78%
78%
6'%
6%
'
70% .71%
71%
71%
78
,
78 Va
V
*5%
9%
*78
78%
6
6
6
9%
9%
9%
■
.
*5%
'
9%
,
6%
6 Va
9%.
9%
6 Va
10
——,10
preferred A—...—
—100
preferred B
—.1:—100
Nat Mali & Si'l Cast Co
National
31
6,800
500
600
'
6
9%
15 Va
.
71
■
10
5%'
6
10 Va
6%
145
'
57
12%
19%
*30%
*172'%
National Lead Co
120
40C
2,700
Oil Products Co—
National Power &
No par
=„4
6
—.-No par
National Steel Corp
—25
"National Supply (The) Pa:
.10
$2 conv preferred
_40,
5%%
prior preferred
100
6 7c
prior preferred
100
National Tea Co
Natomas
Co__
—No par
No par
—
15%
15%
15'A
2,400
Nehi Corp
:
—No par
24 %
*24'A
25
*24%
25
"24%
25
25
25%
1,000
Neisner Bros Inc
1
*94
98%
*94
98%
*94
98%
*94
98%
*94
98%
*52
56
*52%
56
*52 Va
56
"52%
54%
*52%
56
*53
56
*110
112
110 Va
110
15 Va
15%
*109%
112
*29%
29%
29'%
29%
*29%
30
17%
17%
17%
17%
17%
18'A
15%
15%
15%
15%
15%
99
98%
*98%
For
.
99
footnotes
see
page
1363.
*110
15'A
112
15'/a
*110
15%
112
15
Va'
*110
112
4%%
20
29%
29%
29%
30
30 Va
17 'A
19
18%
19%
18%
19
15.000
15%
15%
15%
15%
15%
16
2,400
99
99'A
99'A
*99
,16
99%
*99
99 'A
serial preferred—100
Newberry Co (J J)
29%
•
conv
600
500
5 7o
preferred series A.
Newmont Mining Corp
—No par
,100
10
Newport Industries
1
N'port News Ship & Dr Dock
1
$5 conv
preferred
—No par
May
16%
Oct
May
166%
Jan
Apr
16%
Dee
5%
Nov
3%
II
Jan
'Jan
20
'
6%
Sep
12% Apr
Dec
4%
26
Sep-
14'A Mar
18
Nov
ll'A Jun
4
4
89
9
2
19'A May 27
Jan
1
Jan
13
Aug
178% July 13
Jan
6
13
36
Jun
22
2% Jan
»
2
28
May 27
1 Jan
7 'A Jun
4
7*
3%
60
Jan
Jan-
13%
Dec
17% Mar
29%
Apr
36
1%
Apr
43% May
4
28 Va Jun
9%
Jan
Vb J an
Jan
Feb
63
Feb
51
70
Feb
Va May
25% Oct
11
2
12
'Sep 14
95 Va Jan
16%
45% May
8
' 7
57% Sep
1
114
Aug
May
2% Mar
4
Oct
4% Oct
9'A
Feb
5% Mar
9'/a
Dec
11
Jan
17
Dec
70% May
75%
Sep
17
28
Apr
39'A
Dec
5
104
Mar
110%
Dec
Feb
96% Aug 26
Jan
106% Mar 31
15
Jan
Jun
1
7
74% Jan
26% Jan
Oct
6%
2
.10'A Apr
5
19% July 14
Jan
10% Jan
Jan
May
Jun
-88
2% Jan
37
Nov
3'A
54
80% Jun
Jan
9
Jan
168
146
15% May 28
16
Mar
16%
Mar
2
6
72
Dec
May
5% Jan
14.'A Jan
6%
Nov
129
64% July 14
62
Jan
9%
145
,5
2
Apr
11% Apr
Jan
57
15% Aug
7% Nov
30
28% Aug 24
52
Jan
"9 % "Dec
29'A Sep
14% Jan
•
Oct
13
34% July 12
150
137
.
98%
24%
160
LtI
*94
24%
14
-
Dec
9%
8% May
17% Apr
'
18%
Nov
8%
112 'A
4
9% Jan
19%
preferred
5'A
24
9
Oct
Apr
21% Jun
24
Oct
Nov
6'A May
140
10V2 Sep
7
19%
5% Jan
14
29% Sep
3'AJuly
29%
13% Aug 23
°Xl4'/a
6 7c
3
I
'
Sep
14% Jan
V
.No par
Nat Dairy Products,,,—
National Dept Stores
5
'■
July 16
12% Aug 23
i-l
14%
*
May
13'A May
8
7
Dec
3% Jan
16 '/a
12Va July 14
7
15% Jan
.—.+100
——
12%
Nat
2
3
8Vb Jan
1—10
,28'/a
13
5'A Jan
.
i.
Corp—.
Co_——
ll'A July
.
8'A Feb
1'
preferred——— .—-10
Aviation
19%
*27%
88'/a
3.100
conv
28%
13%.
11%
88
22
6%
-
19%
"ll'A
89
National
9%
,
*12%
2,700
*18
—1
—_
*14'A
11%
10'/a
88%;
13'A
*11V4
32'/a
28'A
28
13%
700
ll'/a
*174
18%
9'A
9'4
28%
9%
11%
21%
180
*18
18%
.
Co..
Acme
Nat Automotive Fibres Inc..
9%
*11'/a
11%
*174
National
*11 'A
9%
9%
*11
176
*13
20
14%
9%
11 'A
13
13 Va
14%
?■
X28%
13
13 Va
32 'A
89
9
28%
13%
27 %
*88
*18
9
28%
*12%
19%
.
176
18%
8%
13
32%
*
*18%
28%
12%
13
*174%. 178
18%
28 Va
28%
13
178
*9%
*11
1
11
6% flan
& St, Louis——100
Nash
'
:
1% Feb
Nabco Liquidating Co——.No par
-5
Nash-Kelvinator Corp
22%
Apr
30%
30
7'A
21 % Mar 30
15%
Apr
Dec
2o-+
Jan
6
93%
Dec
109Va
Jan
37 "■> Apr
19 Va
102
Sep
May
8
11
r Jan
mmm
FINANCIAL CHRONICLE
THE COMMERCIAL &
1360
NEW YORK STOCK
RECORD
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Sept. 29 "
Sept. 28
tOW AND
Saturday
Monday
Sept. 25
Sept. 27
sf per share
17%
22'A
17%
.
22
65%
*10'/4
*22Ye'
*10/a
22%
llVe
*26%
28
*24
28
%
%
2%
■
.
*%
:
%
'•>..
lV
17
35
*34%
181
179%
16%
*117%
45
45
17%
35
52%
10%
10%
10
13%
14%
14%
*27
123
127
*123
127
*123
>45
45
45
*44
45
If
%
6,400
%
%
*%
%
16%
16%
37
35
35
Jun
,17/a
Feb
74% July 24
May 22
35
Dec
51
Feb
10%
Jan
15% Jan
31% Jan 27
14% Jan
181
119
180%
181
180%
181%
119
*117%
*117%
119
119
120
2
112%
May
Apr
7
124
Aug 18
60%
Dec
110
Jan 22
126
July 13
80
May
109
Dec
54
-50
preferred
101
Co— —-100
Y Lack & West Ry
17%
;*51%
17
17%
52Va
.
*52
52'/a
10%
101%
*114%
14%
19%
28% Jan
% Jan
4
ft Jan
4
15% Sep
14
•
1'
52%
—5
23
Jan
26% May
14%
14%
14%
15%
113%
114
113%
113%
113%
50
19%
*18%
19%
1,500
37%
37%
170
*19
19%
5%
39%
*4%
4%
4%
4%
4%
*39%
40
60
12%
*12%
12%
*12%
12%
200
5
56% Jun
56
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
7,000
Ohio Oil Co—
43
43
*42%
44
43
43
2,700
6%
7
7
4,900
8
94
94
170
.—No par
Otis Elevator————i—, —No par
4%
*4%
5/a.
40
2,000
40
2
18% May
"
Jan
53
Jan
14
4%
Jan
■,'• •>' 8%
Apr
8
Apr
31% Apr
6
7
Sep
Nov
96
110%
20
14
15
Jan
8% Jan
Dec
Jan
Apr
45
Apr
7
12% Mar 25
x3% Jan
23%
,192
116%
11%
52%
;
,
Sep
' %. Oct
30% Jan
Dec
6
19
,
9%
100
Jan
Feb
Feb
Jan
.
85%
116% July
23% July 8
41% Aug 18
6
July 22
2
31
—-------
—
6
Jan
36
Jun
6% Mar
Apr
39
Apr
14% Apr
8
100% Jun 25
2
Apr
39
'
16% Jan
.
8% preferred A—----- —100
2,400
107
Oliver Farm Equip—-—i.. .—No pat
6
Omnibus Corp (The>—
"
15%
4
Norwich Pharmacal Co,— —2.50
5
37
37
Mar
7
48% Jan ■■■5,.
Norwalk Tire & Rubber——. Mo par
50
Preferred
*12%
39 Va
12%
*39%
12%
39%
12%
3&~%
12%
39%
12%
*39%
*12%
38
*37
37
Mar
9% Jan
9% Jan
*4%
'36%
37
143
108
Dec
-
U Oct
,
Jun
119
Dec
2%
•
Jan
38
July 9
192% July 14
.2';
91% Jan
7% Jan
19%
19
Sep 17
18% July 21
•
100
Northern Pacific Ry
Northern States Pow $5 pfd. .No par.
Northwest Air Lines—.—— NO par
50
Northwestern Telegraph——
21,700
7
5
1
-
% Jan
%
6%
16%
-
Jan
1
3
Jan
Ry Co- —50
Northern Central
1
Mar
1% Mar
6
49% Jan
-10
North American Aviation—
10
102
113
23%
10
2% Mar
•
5
162% Jan
100
preferred series---. -—50
-50
5%% preferred series—
5,000
10%
*100%
100
Ry
preferred-
6%
600
10%
*51%
10%
Western
North American Co_-——
300
52%
&
?7
*4%
53% Jun
2
1% Jan
100
——100
4
12% July 29
28 % July 30
6
—100
preferred
Adjust A%
17,500
100%
14%
19%
19.%
17%
52 %
10%
101
*113%
16%
52%
100%
10l/4
*100%
14%
114%
14%
>51%
52 V2
*51%.
52%
10%
10
*100%
17%
52 %;
16%
*52
Norfolk
70
Oct
4
Shipbldg Corp part stk,
Noblitt-Sparks Indus Inc—
740
■
w'.-.'
Feb
12%
6% Jan
19%
*39
26
5,
32%
,
63% Jan
37
36%
.•
23% May
16% Jan
~
.N Y
200
,
Jun
44% May 29
—BO
Conv
1,600
•TV
36%
6%
11%
»N Y Ontario & Western—
900
16%
May, 5
26% July 23
Jan
Mo par
tN Y N H & Hartford—,
.1,800
16%
16%
N
130
2%
20
27
N Y & Harlem RR Co——
10 %... non-cum
%
,
2
12
11
preferred----,-—--, No par
5%
IS
$ per share
27% Jan
New York Dock--—
1.600
,
2%
n
2%
'
A-
*34%
'
2%
2%
11%
11%
:
Highest
t per share
10% Jan
pnr
Mo par
127
11%
$ per share
.NO
Y.^Chlc & St. Louis Co—— —100
6
%jprefefred series A— —100
N Y= C! Omnibus Corp„.„
600
28
123
181
181
17
*52
114% .'114%;
19
19%
*114% 115%
28
3,900
-
Year 1943
Lowest
.No par
YprK Air Brake
New/Vork "Central,,,..
N
$ per share
■
52%
10%
101%
14%
51%
New
•
52
*51%
23 %
122
16%
•
68
22%
122
*%
.
35
179%
17%
52
%
67
22%
Range Since January 1
Lowest ■' ■
Highest "
-.
Par
1,300
*26
122%
2%
16%
♦16%
♦117%
17%
*100%
■'
,
74.800
21%
68
'
%
18%
U,%
122%
2%
2%
..
NEW YOIWK STOCK
■:
EXCHANGE
'
400
37
,
28
11%
*44
•;
*36
22%
*10%
*123
52
*100% 101%
22%
*27
127
*51%
17%
68
*123
119
*117%
119
67
28
.
16%
*34%
181
21%
123
45%
%
2%
%
16%
35
181
%
2%
*%
2%.
18%
22
122
*45
46
*45
.
18%
22
127
•123
127
36%
18
•
Range for Previous
Shares
36
*22%
11%
10%
f permshare
$ per share
18
*27
.
the Week
22
36
66
67
•
:
Sales for
Oct. 1
17%
.
,
22%
*22%
Friday
Sept. 30
*21%
18
22
*121
121%
•120% 122%
*123
67
Thursday
share
*35%
36
17%
22
66%
68%
22%
11%
68
22
$ per
share
*35%
35%
17%
122%
35%
34%
17%
22%
34%
S per
I per share
Monday, October 4, 1943
■'
i
1
Jan
Sep-
17 Va
Dec
38.
Jan
»
Jan
Nov
Mar
3%
Feb
Dec
34
Oct
10%
7% Sep
Jan
O
.
42%
•
7
94
7%
:
94
%
*9%
9%
10
47
*19
19%
*19
19%
*12%
*12%
41%
,
115%
*154'A
3%
10%
109%
3%
X155%
*30 y8
1%
18
'■
•
;•
29%
18.
3%
*44
105
8,100
■
conv
& Ref
Park
&
*sy8
5%
5%
22%
22%
22%
*58
:
5%
18%
22%
57
57
57
99
99%::
99%
99%
16%
16
161/8
15%
16
16%;
57
9
8%
2%
27%
V
58
27%
24%
24%
58%
58%
58%
7%
6%
54
56%
541/8
12%
12%
.121A
:•
58%
42%
12%
53
*51
35
.
24%
200
*51%
51%
100
33%
33%
200
25
100
1,800
59%
59
6%
7
5,200
54%
55
17,000
12
12
*12
12%
12%
12%
•51% '■ 51%
53 y«
*50%
52%
*33%
35
*33%
34
33%
33%
400
•;
7
11%
Apr
27
10% Jun
16
2
2.
2
Jan
4
45
100
Jan
22
106
.15% Jan
12
30
21 % Aug
55
Jun
29
May
60% Mar
9
3% Jan
Mar
17%
Oct
Oct
17
Jan
1%
Jan
Apr
13% Aug
13%
6
4
3
2
Sep
Apr
2
Jan
44
•:Jan
15
Aug
1
5
4
May
May
%
7% Sep 27
59% July 23
16% May 18
:
4
Feb
25Va Nov;
23% Jan
47% Dec
15% Mar
Jan
Sep
108%
18% Jan
16% July
36
Apr
1% Feb
5% Jan
Dec
Jun
28 Z8 Jan
'
Dec
82
Jan
104,
21
24% Sep 20
61% July 14
17% Feb
46% Jan
Oct
60
1%
11
32 % Apr
29 Va
1%
32
111
18
23% Jan
17% Mar
1 Va Nov
Jan
44
Apr
56% May
17% Mar 26
13% Jan
108% Jun
Jan
29% Dec.
,
,
fs Mar
29
Jun
2%
19%
3% Mar 26
45
Dec
Nov
Apr
14%
8
100% Sep 20
20% July 8
15% Aug
38
101
Mar.
11%
•
Jan
Jan
106% Dec
2% Oct
Jan
90
May 20.
19% May 22
6% May 22
.
OCt;
8%
20% Apr,
32
Jan
,
1
11
July 2
July 10
2% Apr
2
1% Jan
80
6% Dec
101
Sep
July 12
Jun
Oct
Dec
"*
30% May 27
17% Jan 22
16
Apr
'113% July 26
2
.35% Jan 12
Pet Milk Co————————No par
.
3
43% July
Oct
9
Jan
Nov
4
Jan
1%
5*
1% Jah
100
1% Mar
5%
8
6% May 10
.17% July 15
33 % Jan
10,I6o
121
2
105% Jan
10
Corp——
July 30
4
$7 conv pref ser A
—No par
Penn G1 Sand Corp——-—No par
5% preferred-i
—
100
Penn Coal & Coke
Pennsylvania RR—
.——50
peoples Drug Stores Inc.-—5
Peoples G L & C C (Chic)—100
Peoria & Eastern Ry Co—-—100
pepsi'-Cola Co——1 ■
Pere Marquette Ry Co——100,
5% prior preferred—
:
-100
5 % preferred———>—100
,*24%
59%
158
5
2
500
7/a
*51
Nov
74
Jan
par
55%
34%
*33'A
Nov
Penn-Dixie Cement——No
55
53
*51%
*33%
Jan
148%
500
55
■:
Apr
Apr
Jan
4,800
54%
:
19
101
2,700
17'A
:
27%
25
6%
Jan
7% Jan
Penick & Ford————No par
*110%
59%
6%
13%
9
119% Sep
Jan
23% Jah 20
Penney (J O) Co——-——No par
Penn-Central Airlines Corp.——1
27%
*16%
,
100
'
: 56%
2
43%
43%.
27%
*24%-
59%
6%
:
7
25
Jan
8%
'
,2%
•
17%
27%
24% Nov
34
27/a
8%
2%
*16%
Apr
Apr
16%
16%
8%
.
15%
22%
3% Jan
2.50
1,500
58
99%
99%
*110%
*24%
12%
,
:
17/4
27%
27%
55%
7
42%
*110%
27%
24%
58%
■
71/4.
42/2
*16%
17
27%
*56
16%
.
24
27% Jan
8,700
Nov
20
30% Sep
9
Parmelee Transportation—No par
Patino Mines & Enterprises—
10
25
21
Jan
Oct
16% Jan
Parke Davis & Co——.—No par
Parker Rust Proof Co
Oct
10
45% July 20
28% May 24
5,100
200
Oct
.
4
31 /a
500
7
Jan
6%
25%
5
l '/a Jan
.r
Apr
Apr
9% Apr
25% May 20
Dec
8%
4%
16
i
Mar
57%
.6% Mar
6
2% Jan
Tilford Inc——I
5%
48
.
43% Apr
29
July 23
143% Sep
27Va Dec
Apr
Jun
Jan
148
—1
18%
42
2
13% July
Mar 15
Park Utah Consol Mines————-1
23%
99%
2%
13
100
5%.
8%
2%
42
.
*110%
■
*24%
.
43
-*16%
17
*16 v
*110%
24%
*41
42
8%-
*2%
.'
55
2,300
*18
r;
58
*8%
2%
16
.'
,
8%
3
*56
13% Apr
5
1%
23%
22%
2
5
32%
5%.
.
July
30%
30%
*5%
.
64
91% Jan 25
,
1
Inc
12
Mar
xl6%
Dec
>
19
.
No par
100
preferred—
Paramount Pictures
29
Jan
17%
33
Corp
Inc—^
132
8
Sep
Jan
4% Jun
Apr
11% Mar
15
Apr
1%
*30
1%
30
4%
30
.
26%
26%
32%
*18
105
*101
26%
*1%
18%
Paraffine Cos
110%
*30
30
29%
*18
Panhandle Prod.
109%
26%
98%
28
*110%
*12
30
18
600
300
110%
*101
1%
210
3%
400
Sep
38
65
10
No par
44%
10%
154
Dec
79
23% Jan
-5
Pan-Amer Petrol & Transp——._^5
Panhandle East P L 5.60% pfd-100
*10/a
■5"
22
14% Jan
& Teleg———100
preferred——-—-——100.:
Pacific Tin Consol'd Corp-—
1
Pacific Western Oil Corp——-10
Pan American Airways
Jan
Jan
7% Jan
Sfe
Packard Motor Car-
20,100
3%
par
2
6% Jan
Pacific Telep
14,700
34%
44%
No
—
21% Jun
Dec
6%
Jan
/ 2%
,
12%
30%
Jan
59
7
23% Jan
Ltg Corp—-—No par
Mills-.
10% Jun
54% Jan
:_25
Pacific
Pacific
■
3%
33%
*3%
32%
500
16
3%"
.
6,100
5%
5%
10%
99
42
43
56%'
1%
8%
3
6%
*30%
: 1%
30%
180
156
*15%
.
4
44%
26%
100
34%
*109%
101%
26
1,600
116%. 116%
5/a
*10
3%
25%
156
16
>
3%
34%
45
*44'A
101%
*2%
9
58
*3%
.
26%
1%
%
;
93%
■; *56
;
16%,
*24%
5%
*15%
■
1,600
,
Electric——
Pacific Gas &
7,700
42
41%
; 24%
155%
155%
110%
3%
44%
25%
16
57
16
*109/2
110%
22%
22%
,
99
27%:
25%.
10%
5%
5%
22%
*42%
10%
.
41%
-
2
Apr
Jan
2%
Sep 27
28% Jan 15
preferred
No par
2d preferredNo par
Pacific Finance Corp (Cal)
—10
530
95
46
-12.50
Co—
2
142
par
6%
17
2
8% May 22
15% Jan >8
1st
60
:
Glass
Jan
3% Jan
'
5%
16%
10%
30%
.
30
29%
*18
18%
8%
30
.
.,3%
/
'
30
*2%
17
29%
34%
26
'
98%
3%
33%
3%
30%
1%
;
1%
*56
*12%
15%
.
34%
*101% 105
105
30%
5%
17
30
5/a
5%
15%
3%
44%
26%
22%
5%
15%
*109%
.:
3%
25%
.
20
,.
■
—No
Co'._—
50% July
2
69
Pacific Amer Fisheries Inc
8
Pacific Coast Co—————10
*19
*115%. 116%
3%
.
45
■
*101%
'
29%
1,070
20
155%
3^-/2
;■
'
3%
*44
•
*101% 105
26%
26%
'
25%
10%
•
110%
•
*18
800
9%
9%
47
"
10%
10%
1%
12%
12%
*45
41%
116
5%
34 y8
110%
*30
Owens-HUnols
10
41%
25%
15%
5%
3%
•3%
45.
600
47
29%;
*115%
156
15%
*10%
-•
41%
25%
116
33 %
;
,3%
34%
*44 •'■
60%
■
21% July 19
6
3% Jan
5
Outlet
10
17
11% Jan 13
29% Jan
'
--—-100
—
~50
>45
30
116
s/a
15%
,,
*109%
.
25%
*12%
X29%
'
3%'
.
17
30%
41%:
30%
preferred-
6%
Outboard Marine & Mfg—
64%
*60%
12%
*19%
156
156
16
,34%
12 %
12%
: *9%
*45
/
70
33%
64%
61
61
10
25%
'
,
*11%
61%
46%
.42
*115va
5%
5%
150
*31
No par
——.
Oppenheim Collins—
19%
*148
33%
64%
17
*24%
■
156
*15%
;
*61
12%
11%
,
30%
41%
115%
115%
150%
*62%
;
9%
19%
*31
,
20
soya
25%
*154%
94
*9
19%
*148
y8
65
*10
46%
*12%
.
25%
19%
*45
10%
/.
19%
,41%
"
Ys
7/a
'
30%
V .' 41%
12
10
17
30 %
33
9%
*9
151%:
64%
61%
61%
61%
*45
-
19%
18%
*12%
20
*31
65
12
10%
46%
45
9%
150
33%
*62
6i%
;
12%
9%
:
153
*31
94
,
'
63
*12
•
*151%
94
19%
65'
*62
;
;
7
,
*9
20
33%
*31
63 %,
63%*61/a
9%
19%
;
151%
151%
33%
*31
20%
;-7'.
*93
94.
*9
43
42%
■"
7
94
9%
20%'
*151% 154-
6%
95
;
*9
20%
'
7
94
*20%
•
.44
7V;.
-44%
44
\
2%
30
Jun
Oct
Dec
7% Jan
51% Feb
34% Feb
18
58% May 20
36
Apr
19
Jan
27
41% May 20
18
May
29%
Jan
23
,
Feb
20
26% May 8
10% July 19
8% Jun 28
19% Jun
27%
Jan
'
'
"
*7%
,
7%
23 %
23%
*50%
91
"
23
50%
*90%
■;■•• 20%
...
'
*8%
*8%
7%
7%
7%
f%
23%
23%
*50%
51
23%
51
901/8
91
20%
20%
91
20%
20%
25 y8
25 /a
85%
25
86
111%
•*116
116%
111%
116%
*111
*116
*91
48%
48%
6%
6%
25%
*100
*5%
51
*7%
25% '
*72%
•72%
*92
*11%
12%
*11%
12%
7%
116%
*116
*116
13%
98
;
12
47%
47%
*5%
6%
*5%
92
7
50
96
25%
5%
5%
:
50%
6%
100
96
74
.2,500
55
3,400
'
12
*12
500
6/a
6%
74%
75
12%
12%
12%
•
180
*161% 180
*165
180
*165
*181% 185
*181%
185
♦181%
300
180
185
188
5%
7%
7%
44%
66%
V
85
*84
45%
5
65%
5
7%
7%
*84
5
*7%
*12%
13
*163 %
*163%
*4'%
5l/a
65%
*84
85
45
45
45
4%
*65%
?
68 y2
54
5%
68%
54%
18%
19
12%
*165
5%
66%
54«
18%
66%
12%
12%
*163% 175
5'/a
67'A
53%
.
*7%
.
'
5%
*5
900
5%
*7%
v
7%;
8
85
*84
"
84
45
44%:
-
400
84
10
45
310
'
12%
65%
y8'
*65i/a
175
4%
65%
•'■44%
65%
12%
175
44%
5
7%
85
,
.
5'
19
55
19
:
*44%
■
66%,
*65%
66%
*65%
12/a
*12%
12%
12%
175
r
5/a"
68 %
*165
■/■
175
5%
68
55
*55
19
.
*19
*165
5%
.
68%
5%"
68%
56%
*55
10
66%
12%
400
175
5%
2,100
70
570
56%
160
19%
*19/a
19%
700
20
*19%
20%
300
20%
*19%
20%
*19%
20%
*19%
20%
9%
9%
9%
9%
•9%
9%
9%
9%
17%
17%
17%
18
18
18%
18%
18 %
18%
19 %.
18%
19%
8,000
11%
11 Va
10%
10%
10%'
10%
11
11
11
11%;
11%.
11%
3,500
*11
11%
*10%
11%
11%
11%
11%
100
*34
35
*33%
34%
33%
33%
57
57
57%
'"57%
120
57
57%
119%
120
15%
90%
91%
,
120
14%
15%
90%
15%
91%
102%
103%
120
■
120
14%
92%
*34%
57
.
*119
15%
91%
*10%
102%
11%
.
.9%
*11%
35%
35%
57%
57%
119
120
15%
16
92%
93%
9%
11%
*11
36
*36
57%
103%
103%
103/4
103%
103%
110%
110 %
110%
llOVa
110%
108%
110%
*108%
123
123
172%
123
122
123 Va
122%
193 %
1913/„
199%
120%
120
120
120%
120%
120%
34V2
r,..
*120
34%
.
337/a
eee
page
34%
1363.
33%
34%
*120
33%
34/a
34
16%
93
103
120%
119
6%
110%
*U0
56%
120
J
92%
9%
93
104
34%
107%
.
400
37
2,100
57%
16%
94
102% 103%
109%
1;4G0
9%
119
108%
•
130
44,500
14
July
5
100
20
50
3% Jan
16
.7% May
70
t
92
Jan
18
18% Jan
Preferred——————100
4
26
Jan
8
102
'3% Feb
8
102
.
34% Jan
: Jan
14
9% Feb
Jan
40%
Jan
76% Jan
1
3
X14% Dec
79
May
103
Jun
65
30,
1%
43
:
Dec
107% Mar
110
6% May
,
3
Sep 29
May 7
Jun
Nov
.
9
May
Apr
Jan
80
46
Feb
Oct
Dec
•
3%
May
65
15% Jan
:
,
Dec
Nov
19%
Oct
~4%
Sep
8
"5
May
4
26%
Mar 30
Apr
4% July
38% Oct
'6% Jan
77% Jun
25
Jan
7%
98
Apr 28
Jan,
Dec
6
55% Apr
3
7% May 20
59
May 3
6
5
59
.
July
6%
.32% Jan
49
July 30
117% Jun
4
Jan
Dec
1
115
79% Jan
Plllsbury Flour Mills—
^-,25 •
Pitts C C & St Louis Ry Co——100
Pittsburgh Coal of Pa—-—100 •
6% preferred——-,100
Pitts Coke & Iron Corp—No par:
$5 conv preferred—;
—No par
I
Pittsburgh Forgings Co_
Pitts Ft Way & Chic Ry Co——. -100
.7 % preferred—--———-— .100
Pitts Screw & Bolt.——.No par:
Pittsburgh Steel Co^—--—No par ■
.7% preferred class B——. .100
5% preferred class A———. .100
,100
5%% 1st ser conv pr pfd
.loo:
Pittsburgh & West Va—
—
5
56% Dec
68
15% May
7
7% Apr
9
.100Class B preferred^—^
...5
Plymouth Oil CO—
:
—
Creek Pocahontas—
No par
Poor & Co class B——No par
Postal Teleg Inc preferred
NO par '
...1
Pressed Steel Car Co Inc—...5
5% conv 1st preferred—;
..50
'5% conv 2d preferred
...
Procter & Gamble.:
~No par
.100
5% pfd I ser of Feb 1 *29)
Pub Serv Corp of N J—.—No par
120%
,170
34%
5,800
—No par
13
10% May 11
-
7% Jan
1% Jan
2
;
90
5
Jan 13
150% Jan
4
8
,
70
Oct
Jun 28
55
Sep
2
Jan
18
4
Jan
7
Jun
6% Jun
153
July
62,
f
(Oct
33% Jah
70
Feb
lOVa
Jan
153
July
16% Jun 21
6% Jan
6
6% Jan
14
11% Jun
14%
15%
3% May
9% Jan
18% Oct
5% Jan
Jun
22% Mar
3
13% May 29
13
Jun
4
5%
Jun
Jun
Jan
Jan
52%
40% Jun
58
Sep
17
42
Feb
114% Apr
7
123
Feb
13
115
Feb
11% Jan
6
17% Apr
5
95
2
107%
4
114%
preferred
4
129%
Pub Ser El & Gas pfd $5—-No par
115% Jun
4
122
26% Jan
2
85% Jan
40%
July 19
July 20
July 20
July 15
Aug 18
July 1
Sep
8% Jan
29%
4
4
75% Jan 20
21
8%
24% Jan,
3
Jan
6% July
22% Jun
48% Jan
96% Jan
——No par
Jun
1
13
109% Jan
Pullman Inc.—.
.
21% July 16
23% Apr
5
.100
-—
6%' Jan
May
47% Apr
29
14% Jan
18
:
Feb
4
1
?n
.
Feb
Jan
5% May 29
Jan, 30
.100
8%
May 18
175
5%
58
16% Mar 29
165
May
3%: Dec
20
162
Jan
10% Nov
Feb
165.
Mar 31
29
,
165
July 8
52% Mayl2
75
preferred
100
9
182
Aug 31
6% Jun7
65 % Aug 23
...
7%
119%
59% Jan
24 '
.
Jan
4
:
4% Jan
pfd- .100
170
21
Jan
:
9
; Jan
4
Pond
1,130
830
Jan
175
.
Ash Ry 7%
1
(The).;—.——.
.100
Class A preferred—
1,010
120%
170
Pittston Co,
$5 preferred-.
6%
preferred—
2.690
119%
34
90% Jun
Mar
28% Apr
Apr
30
25 % Sep 23
26% Jun
1
Apr 20
44
—
Pitts Young &
*19%
20
Oct
Apr
5
91% Sep 30
21
109% Jan
7
7% Feb 17
.-—No par
preferred--^-————100 •
Phillips Petroleum-————No par
Pnoenix Hosiery——
.—5 J
4
22
'
110
75
*181%
7%
55%
200
6%
52%.
106
Phillips Jones Corp—
10
,,
'
7%
75
12
14,800
X51% Sep
2 '
Feb 20
71
100
series
4
18% Aug 23
24% Sep 22
13% Jan 14
.
Preferred 4%%
Jan
37
:
29% Mar 29
8
68% Jan
com—No par
7%
25%
5%
7
200
.
120
♦100
52
6%
.
*90%
5%
137A
47%
*24%
.,
120
♦100
Phila Electric Co.
4%%
98
*5%
*24%
*72%
12
.6%
*90%
50
*7'
.'
75
.
,
47%
24%
120
5%
1
*11%
*93
;
47%
92
24%
*100
.
170
116%
*161%
5%
19
series———i00
180
85
19%
100
*110%
710
16,600
4
5% Jan 12
22% Sep
$1 preference com_——No par
:,Phllco.'".Corp—
Philip Morris & Co Ltd——— 10
185
5 Va;
*84
*53
1,200
•
86%
111%
*161%
*44%
*65%
5,000
,
*181%
*161% 180
•181% 185
*5
2,100
23%
*11%
<50
:
■
*72%
.:
24%
23%
*93
'v5%
49%
7
24%
x85%
24%
13
25%
'
.
21
97
120
*5%
.
20%
*11%
96
*24%
75
91%
♦93
6%
•100
7%
75
50%
25
111%
6% Jan
of America———5
Brewing Co—--——No par
Phelps-Dodge
Corp
;
25
Philadelphia Co 6 % preferred—-50
$6 preferred———No par
24%'
86%
111%
86%
47%
11,300
Petroleum Corp
Pfeiffer
91%
12%
48
300
23%
97
*5%
50
*7
7%
12%
47%
5%
49
51
116%
*91
120
.5%
5%
1*115
25%
*25
*100
120
116%
96
*92
95
*116
6%
47%
*6/a
111%
1,200
50%
20%
24
,,
7%:
51%
.24%
23%
•111
48%:
"
25
8%
7%
23%
•
20%
86%
111%
97
.
24%
23%
*86
20%
;
,
91%
X50%
91%
*111
12%
12%
12%
25%
86
51
92
20%
23%
85%
,24%
*90%
*91
23%
25/a
23%
97
,
.
"
•
86
8%
8%
7%
50%
50%
*111
9
*24%
25
23%
24%
*11%
*8%
*24%
*7%
,85%
*91
9
25
23%
24%
25%
*24%
7%
/•
*9oy8
20%
25
*24%
23%
*7lA
/
.
;
9
8%
9»A
*8%
.
'
25
*24%
24%
24%
9%
Oct
122
Oct
Jun
14%
Jan
Mar
86%
Jan
73% Mar
X99%
62
Jan
79% Mar
111
99
Mar
123
Jan
111% Mar
116
Oct
20% July
•
Jan
28% Nov
Volume 158
Number 4217
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
LOW
Saturday
Sept. 25
5
17 %
Monday
SALE
Tuesday
Sept. 28
RECORD
PRICES
STOCKS
Wednesday
Thursday
Friday
Sales
for
NEW
1
I per
$ per share
17%
16%
112
106%
21 %
21
*13%
j
14
16%
17
Oct. 1
$ per share
share
16%
114%
1061/4
106%
s106
20%
21
16%
1C6%
20%
21%
14
14%
*13%
16%
*111%
106 %
*21
14%
STOCK
100
preferred
conv
11
100
Jan
104% Feb
921/a Jan
2
13% Jan
2
ip
10% Jan
4
Quaker State Oil Ref Corp
Highest
per share
19% July 19
114'% July 22
3
100
.
Year 1943
Lowest
$ per share
14
No par
—
preferred-—
Purity Bakeries
400
$ per share
No par
5%
1,400
14%
(The)
6%
1,000
'
21%
*13%
par
Pure Oil
Range for Previous
Range Since January 1
Lowest
Highest
EXCHANGE
6,000
114%
106;
,
YORK
Shares
16%
>111
14
the Week
,
114%
21
*13%
J per
167/a
nil
106 %
20%
Y
Sept. 30
$ per share
114%
103%
106%
21
*13%." 14 %
nil
114V2
Sept. 20
share
16%
17%
♦111
1061/4 106 %.
21
HIGH
Sept. 27
per share
112
AND
1361
1
7
f per share
11% Dec
90% May
80% Jun
106%: Dec
9% Mar
14% Nov
8% Mar
107% July 23
22'% July 16
Apr
10% Oct
14Vss July 14
92%
Dec
vV'/yY-R
10%
10%
70
70%
10
*93
70%
10 %
*70%
70%
8%
8%
8%
8%
92%
93 %
92%
26%
26%
,
93%
26%
*26%.
10%
69%
9
8%
10%
10 %
.10%
10%
70%
71
71
10
70%
.
8%
92
*
•
93
8s/a
.
92%
*92
26%:
10%
71
*26%
:'■[
8%
92%
-26%
26%
14%
14%
*26%
13%
26%
14%
14
*13%
13%
13%
13% '
13'/a
13%
*30%
31%
*30%
31%
*31
31%
*31%
31%
31%
31%
31%
31%
17%
17%
17
*32%
17%
32%
*26%,
28%
*17%
14
*31%
32%
26%"
.
*17 Va
32%
32%
27%
17%
*32 VB
17%
33
17%
17%
17%
32%
32%
*27%
281/2
27%
27%
*27.:
:
4%
27%
*75
80
72
70
70
72%
12%
13
*12%
13
*12%
13
*12%
13
*12%
13
*17%
18
*17%
18
*17%
18
*171/2
18
*i7y2
72
*16%
17
♦13
13%
*17%
18
17
17%
84
*8%
17%
17%
*81%
*4
'
27%
4%
■
*75
80
72
*4
73
72%
16%
16%
;
*4
*75
73%
:
73
16%
17%
84%
841/a
84%
*84
85
*54
54%
54%
541/2:
*54%
55%
17%
8%
17
17%
100
81%
17
*8%
17%
*100
100
*79%
8%
8%
lOOVa
81%
*80
8%
17%*
17%
*100
81%
''
8%
81%
81%
7%.
*85%
B6%
*64
65
13%
86%
86%
86%
86%
12%
91
65
8%
65
30%
29%
30%
12%:
73% Jan
5% Jan
4f
12%
130
Va
I,500
Reynolds
Spring——
5,400
Reynolds
(R J)
29%
36%
*37
38
13%
13%
13%
13%
13%
*13%
13%
10 Va
10%
10%
10 y8
10%
101/8
101/8
*13%
14 %
*13%
14%
*13%
14%
*13%
14%
■'*
8%
*8
8%
8
8
7%
7%
*7-%
27%
27%
27%
*27%
28
15%
15
15
15
15
14%
..15
15%
*48
49
*48
49
*47%
'48
47%
49
33
33%
*%
33
I
*4% '
*4%
113
8%
33%
*104%
106%
*104%
41%
41%
*39%
112V4
2,}
:
106%
%
•'
23%
86%
87
18%
6
15%
67
67
113%
*112%
113%
112%
112%
8
8
8
14%
13%
9%
44
8
32%
32%
1051/2
*40
99
*40
♦111
112%
♦110
1111/2
110
2U
*2
23%
*23
%
2
%
2
2
23
*2%
*23
3
23%
3
87%
17%
*2%
86%
87
86%
18'/»
17%'
17%
17%
3
23
3
151/2
400
67%
210
13%
3,300
15%
14%
14%
'*14%
15%
67%
68%
67
67%
66%
66%
*66%
13%
14
14
14%.
141/B
14 %
*69%
71
70%
70%
70
70
9%
9%
■'
91/2
*70
9%
•
44
43
43%
*43
44
43%
43%,
25%
25%
25%
25%
24%
25
*241/2
25
23%
24%
3%
3%
3%
3%
3%
26%
26%
26%
26%
26%
*1%
1%
*1%
1%
iy8
lV'a
*24%
24%
*24 y8
24 y4
24%
24 %
12%
•12%
44
12
,
44
12%
12
4 '
4
26%
1%
*24'/a
•
12'/a
43
43
20
19%
19%
19%
23
♦22%
23%
*22%
29-%
29%
*23%
24
4
23%
23%
14
13%
26%
*28%
25%
28%
*138
143
24
4%
25%
28%
25%
28%
*141
24%
4
143
24%
28%
*141
24%
24%
25%
28 v4
145
.*28'/a
241/4
24%
12
42%
,
4
43
*19'/4
30%
*291/4
23%
23'/4
13%
4
25%
25
4
'A
143
24%
4%
1,200
25%
*141
24%
143
14%
14%
14%
14%
14%
14%
I41/2
14%
14%
141%
26%
25%
26%
25%
26%
26
26%
26%
26%
26%
27%
23%
23%
23%
24y8
•
..
43
43
43i/4
43%
53
*50%
52%
4%
4%
2,700
*5%
6%
100
43
53
52
22%
24
44%
43%
44
52
53
53
y8
22%
421%
•51
23%
43%
53
4%
*52%
4%
4%
4%
4%
4%
4%
4%
6%
*6%
4%
6%
6%
*5%
6%
*5%
61/2
*5%
6%
67
*52%
67
31%
31%
*31
26%
27
*37%
38
*58%
60
7%
*53
67
*53
67
*53
67
31%
*30%
31%
31%
31%
*30i/4
31%
*30%
31%
26%
26%
26%
26%-
26%
26%
26%
38
37%
37»/2
37%
37%
*37%
39
60
60
*60
62
♦58%
8
7%
37%
60
*58%
7%
7%
60
60
60
60%
60%
60%
60%
38 %
38%
38
39 %
38%
39
39
*110%
112
112
*114%
112
112
67
64 %
*65
67
116%
26%
26%
*112
116%
*114%
25
*65
*115
26%
25%
*110%
*65
67
113%
113%
*113%
115%
1%
1%
1%
1%
1 Vb
3%
3%
3%
3%
*32%
33%
31%
32%
.31%
38
36%
37%
'
=37%
38%
38%
35%
35%
37%
:
37
38%
35
38
39%
115%
;
I
26%
*1131/2
1%
*1
27%
30
11%
11%
Xl7
3%
6%
3 %
19
3%
3%
29%
29%
63 ]/4
64
64
2,300
12%
12%
3,700
Sterling Drug Inc
Stewart-Warner
Corp
.10
12%
11%
11%
5,300
Stokely Bros & Co Inc
1
12
11%
17
•16%
12
16%
76%
74
27
26
74%
*16%
16%
100
%
9'/a
91/a
9
91/a
9%
9%
2,400
11%
12%
12
12%
12%
9
57
57
57
*57
130
130
130
*129
6%
6%
19%
*73
6S/8
6%
6%
19%
.
19%
18%
571/8
132
7i/a
19
25%
12%
18,800
'
57'/8
*129
57%
132
1,000
70
7
7%
19
19%
2,000
43,100
3%
3%
3%
3%
4,400
Va
*73
74
*72%
73%
731/8
73 Va
400
27
26%
26 y4
*28%
3%
75
3%
3%
25%
*26
*28%
29
*28 %
29
*28%
29
*10%
II
*10 y8
11
*101/8
11
26%
27
26%
200
12%
19%
3%
29%
63%
*12
*
*73%
*26%
11
26%
For
29
%
II
27
footnotes
see
page
1363.
27
%
*261/4
27%
26%
271/s
II
26%
Starrett
Prior
Stone
&
Co
(The)
A
pfd
11%
Jan
38% SeJ)
18
6
Apr
13%
Jan
8
40
May 8
38% July 14
18
Mar
20
Apr
60
21
30%
Apr
47
Dec
May 26
25%
Apr
40
Nov
Superheater
Co
of
(The)
400
Superior Steel
200
Sutherland
11
11
11
300
Sweets Co of Amer
27%
3,500
Swift
Corn
Paper Co
& Co—
par
100
100
—No
par
1
Calif
28%
.
1
No
cum)
Superior Oil Carp
Oil
par
(The)
(41/2%
(The)
28% Jan
Jan
2
4
58% July 30
7% Jan 12
4% Jan
25
100
33% Sep
45 Va
Sep
9 V2 May
Oct
29% Dec
29
Dec
5
31% Mar 31
22%
Dec
34%
Jan
66
42
Apr
62
Dec
May
14% Jun
1
5%
7
2
14
July 12
Sep 29
5% Jan
2
Xl7
Jan
8%
Nov
Sep 29
xl7
No
27
27
5
Sunshine Mining Co
Superior
par
...
28%
27%
No
Webster
Studebaker Corp
Sun Oil Co
Class
L S
preferred
29
'
*28%
6Vb May
2
12%
5%
21
5
25
62%
19
O *.t
5
3
121/a
Jan
Jan
5,300
62%
110
9
1,600
1
89% May
10% Jan
7
*29%
115% July 30
Jan
%
2%
41
25
Jan
Apr
41
6%
Feb
113
49%
Sep
28% Jan 12
7
Jan
109% Aug
Apr
A
46% Jan
37 '/a Jan
6% Aug
41%
38%
114
July 31
117
Aug 20
28% Sep 14
%
25
6%
Jan
6% Mar 13
25
7
Jun
fceBv
Jan
4% Jan
45%
2% Mar 13
Standard Oil of New Jersey
Standard Oil of Ohio—
Standard Steel Spring
41%
40%
Jan
Mar
2
Standard Oil of Indiana
10,800
Oil of Calif.....
par
No par
No par
27%
108
70
31%
4
7,500
/
"•
No
14
116% July 13
21%
i*6 Jan
35%
*41
$! preferred
$6 cum prior preferred
$7 cum prior preferred
Sep
-8% Sep
64
Sep
42
July
1% Jan
59«/8
*29%
6%
25
Sep 27
1007/a Jan
7
58%
125/a
19%
Sep
34%
„63 %
5%
Sep
29%
591/4
12%
*19
22
13
2%
7
35%
62%
57
2
58%
12%
*128%
Jan
35
30
57
3
35% Jan
Standard
*29%
130
60
9,800
6%
56%
Mar
38%
41%
*128%
37
49
38
63%
57-
Sep
20
38'%
12%
130
30
60
377/8
63
57
44% July 24
38%
12%
*128%
2
37%.
3
Feb
9
38%
7
11%
par
No par
...No par
3%
Oct
Aug
Jan
3,600
6%
"9
par
No
18
3
57
24% Jan
17
El Co
1% Apr
1% Nov
32% Jan 18
Feb
dc
Feb
Nov
113
Gas
Nov
18%
July
6
$4.50 preferred
18 Va
59
10
Sthnaara
21% Nov
12% Jan
Jun
24
28
Standard Brands, Inc new—No
6% Sep
Apr
Apr
Dec
Jan
100
6% Jun 30
Apr
9%
Dec
Jan
4,900
Apr
14%
17%
Jan
$5 pref series A
14% Sep
6
11
31
33
'
Apr
57% Sep 14
31% Sep 24
35% Mar 15
1,500
41%
12%
4
36%
7%
~9%
Jan
36%
67/a
9!/8
33
21% Jan 26
37%
591/8
11%
50% Mar
36%
35%
12%
Jan
36%
58%
"9%
34%
36%
63
~9%
5
49
conv
Jun
Jan
39
109
5%
2%
15%
26'A Jan
144% Jan
Jun
37%
12%
12%
Square D Co
Dec
12% May
2,100
35
11%
par
1
Nov
23%
3'/a
59%
11%
No
Jan
15%
5
31 '/a
35%
11%
2
preferred
122% Nov
20%
10 %
66
6
$4.50
Jun
Oct
49% May
6
No par
No par
Apr
17%
30%
2
2% Jan
par
No par
1
1% Mar
14
Dec
Dec
Nov
10
2% Jan
—No
Apr
6% Mar
1%
27
5
5
9
—.—;—1
6
Dec
Jan
17
30% May
30% Apr
7
12
—
9
Aug
4%
„
15% Jan
15% Jan
42 Va Jan
ctfs
15% July
8
7% Nov
18%
Jun
Apr
Jan
Dec
Nov
25
3%
63
12
15
31%
29%
12
Jan
30% Sep
149% July
9%
2iyaJan
2
10% Jan 13
3i/a
42
*29%
132
2
35 V\ Jan
tr
19%
5
6
Apr
28% July 26
20'% Jan
32%
58%
30
2'/4 Jan
2
16% Jan 11
100
stk
:
151/4 July 15
...100
...
Ohio
&
X13% July 14
451/4 Sep 22
24% July 19
2
100
1%
'
*29%
7.50
18
July 13
2
No par
.No par
9,400
117
23
2%
Apr
11% May
% Apr
20% Aug
May 29
15% Jan
preferred
10
35
10% Jan
—Squibb (E R) & Sons
50
116%
30% May
10% Apr
19
Va
35
7%
26%
*113%
.
116%
1
5
par
—100
preferred
Conv
2,400
-
66
Jan
? 2%
3%
35%
7%
67
19
Smith. & Cor Type v t c—No par
Socony Vacuum Oil Co Inc
15
$5.50 preferred
Spencer Kellogg & Sons
Sperry Corp (The)
Spicer Mfg Co
$3 conv preferred A
Spiegel Inc
650
39%
Apr
4% Mar
23% July 20
39% July 16
25 % Jun 10
Sparks Withington———No par
II,700
112
.10
——;
par
7
22% Aug 16
1
27
18'% Aug
32
3
59%
59
42
*65
par
15
Iron.—20
2
31%
3%
42%
59 %
42%
39%
*110%
71/2
64%
11
1% Feb
July 15
Spear & Co
Y
59%
8
10% Jun
10% May 21
28% Jan 11
32
*
59
42%
7%
58
116%
26%
115%
1%
67
*115
26%
1%
39%
112
*65
67
*113%
601/a
*110%
112
116%
•
7%
60
391/a
*115
26
113%
1%
3%
7%
60 y4 s
26
116%
7%
26%-
60
4%
7
5%
30
37%
60
75/a
!
10% Nov
Dec
5
Apr
Mobile
900
60
38
*58%
67
62
16'/4 May
73% May
5
Jan
62% Nov
11% Dec
Jan
Apr
28
21
Feb
4ya
2
No par
Dec
A
1% Sep
17% Deo
3% Mar
8
5
—No
113%
Jun
73% July 26
8% Jan 20
64% Jan
7
5% Jan
8
1
Oct
6
17% July
2% Jan
preferred—..
Jan
43% May
Sep 20
18% Sep 25
16 ya Jan
.No par
—10
Southern Natural Gas Co
5,000
*57%
par
10
90
4
par
Southern Pacific Co—.—No par
Southern Ry.^
——No par
200
26%
Jan
Southern California Edlson.^
43,400
26%
7%
*111
-•
4'/4 Jun
13
Simmons Co..
&
Dec
116
Va
30
Steel
Dec
98
39
% Dec
10Va Apr*
1% Dec
1
8
12
lO'/a Jan
54
South Am Gold & Platinum—
1,400
<■
26% Jun
7
S'eastern Greyhound Lines
2,600
14%
Jan
59% Jan
Jan
South Porto Rico Sugar.—No
140
23%
44%
43%
*52
22%
4
1
2,700
*51
24%
16'A Jan
—;—No
21%
Apr
109 Va Aug
106 Va Jan
July 13
Corp.
Jan
May
1
:
Jun
Oil
Jan
Jan
19%
Apr
12%
1
A—.No par
Petrqleum
44
110
Dec
25%
Mar 23
Mar
;
16,600
23%
24%
112
32
46
■YY.'—8%
/•
24%
14%
26%
*
=
1,100;
700
107% Jan 23
Apr
78
16
29
$1.20 preferred—
Smith (A O) Corp
5,100
28%
Feb
4
Sloss-Sheffield
1,100:
25%
*28%
115
2
Skelly Oil Co
15.200
■
4
14
600
13%
May
111
Sep
Sep
Sep
7%
10
Jun
x9%
1
4% Mar
No
920
.24
13%
251/a
28
*141
24%
24
"
4
28%
:
Y
30 »/2
■.
Feb
17% Jan
Sinclair
23%
.
43
9
Slmonds Saw & Steel—..
16,700
19%
*22%
28%
145
*42'/2
23
9
par
G)
29%
37% Apr 19
107% July 24
Jan
31% Jan
fSimms
300
:
12'/a
19%
v
200
24
13%
13%
*141
*23
12 Va
Jan 15
38
2
.....
2,300
/
12
,96
(W A) Pen Co..—No par
Shell Union Oil
—15
Silver King Coalition Mines
4
5
2,300
.
104
114 '
7
2
Sheaffer
2,000
1%
*29V'2
23%
25%
,
241/b
12
19 Va
29%
3%
*1%
26%
Jan
12 % Mar 26
2
Jan
Nov
Jan
5
11
Sep
19% Jan
„No par
_
ser
(Frank
2
8
47% July 24
Sep 17
7
Mar 11
Mar
Jan
.....No
34%
Jan
-
par
—_1
Dec
13% Nov
47% Nov
Jan
% Jan
—.No
pref
conv
Shattuck
50
>
.
4
26%
1%
2,800
24'/4
*22%
13%
'
4
4
26%
9%
$3.50
A
Va
7
par
Nov
6% Nov
21%
May
1
1
105% Jan
5
Sharpe & Dohme
23
1% Mar
31/8 Mar
—100
—.
9%
Feb
6
Jan
No par
Sharon Steel Corp
$5 conv preferred
200
44%
23%
42'/a
19%
*23%
13%
4
1 Va
*43
/
4
13,200
71
9%
24
.
23
29%
23%
13%
4
*25%
-
23%
14%
14
24%
43
43%
19%
*22%
30
*
1 Va
:
42%
43%
20%
30
26%
12%
23%
31%
3%
26%
12
20%
31%
4 '/a 1
265/g
*22%
''
13%
.
7,500
18
36% Mar 30
Jan
Apr
7
May
34% May
9
Jan
9
Jan
16
2
35
No
.
preferred
6%
3%
1
Jan
54
Apr
si Jan
par
No
88»/a
2
27%
31% Nov
6%
Jan
5% Oct
Apr
V2 Jan
9
Seagrave Corp..
Sears Roebuck & Co..
Servel Inc
87%
50'% Aug
Oct
13
300
17%
X20
Jan
8% Jan
Apr
3% Mar
18% Jun 28
4
8
No par
87%
6
16
Seaboard Oil Co of Del—:
2%
11% Jan
43
Sep
500
2%
*14%
9%
4-2 %
800
28
Jan
..100
.
13,800 /
2
7
6
No
preferred—.——;
$4 preferred
JSeaboard Air Line
30
v
%
2%
.
23
17%
>15
9%
20
>■.
Oct
129% Mar
May
6% May
July 19
17% May 4
9% May 8
4
.
300
111%
13
2 Va
,
200
112%
*110
%
2%
6,100
40
*111
110
.
34
40
5 %
85%
..100
Savage Arms Corp
5
Schenley Distillers Corp..
5
51/2% preferred—
100
Scott Paper Co
.No par
$4.50 preferred—
...No par
2,300
75 %
11% July 13
321/4 Jun
2
..100
—
Safeway Stores
160
y;
105'/2
*1041/2
112%
%
,
33%
105
41
*111
111%
23
33%
104%
41
112%
%
.
9%
*42
8
*104%
41
:
9%
8
106%
13%
71
*69%
'
74
5% Jan
28 V4 Jan
7%
64
15% July 19
03% Jun
1
8
Jan
Jun
78% July
201/2 Jan
...
Jan
18
12
Jan
Dec
20
7
9
Dec
19
100% Mar
86% Jan
Feb
391/4 July 21
14
Sep 18
par
5%
Sep
4%
Dec
Nov
Jun
Jun
70
Deo
71%
49
Feb
4
No
preferred
2%
13%
Dec
13
Mar
38% Jan
X94%
Dec
16
7% May
*55
Dec
7% Feb
10% Mar
101% May 24
86% Apr
6
9% Apr
7
9
Mfg——
No par
Antelope Copper Mines
5%
22
Dec
34% Feb
$St Louis Southwestern.
.
900
Apr
6
12% Sep
7% Jan
...
8 Y;
*112%
8 Va
*104%
67
71
■■■••
*6%
:
112%
33%
18 %
*66%
8
11
23% Sep
3% Nov
70
2
St Joseph Lead—
—10
ISt Louis-San Francisco—100
6% preferred—..:
—.100
6
43%
87%
17%
14%
.
*4%
.
43%
8
3
86%
*6s/s
327/a
23'/a
15%
8
100
43%
2%
18%
*6%
2,700
■
25% Jan
70
May
1% Jan
98
2
Ruberold Co (The)—..No pat
Rustless Iron & Steel Corp—
J
$2.50 conv preferred—-—No par
3i 100
%
l'/a
%
43%
»uo
*15
8
33%
•'•:■
Y, *1
1
*4%
120
43%
*111
n
'
*2
*2%
*42
•5%
33
%
1
47%
.
7
10
Jan
10
Roan
1,200
1,500
43%
41
111
3
9%
33
%
•Y,
Jan
51/2 Jan
28% Nov
39
——1
Mfg Co
Richfield Oil Corp..
400
28
47%
80
Ritter Dental
15%
6
1
Tob class B_,
Rheem
—_
8%
28
*15
112%
41
112
*2%
13%
33
%
iy8
*4%
28
43%
8%
*110
23%
*69%
*27%
43%
33%*
112
111%
%
33%
%
*1
V
5%
*6%
'
113%
*112%
8%
33%
2
*4%
8
44
113%
*23
.
1
•
''
*6%
*43%
8%
*110
33
%
1
5%
8
33%
*111
33 Va
%
I
•
44
44
33
A
1
5%,
*6%
33
*%
u
1
27%
1,300
141/2
100
23% May
10% Apr
0
20% July 14
Sep
9
62% Sep 15
7% Jan
2
No par
—
—
Common
500
*7%
47%
*48
■
*131%
Reynolds Metals Co—
51/2% conv preferred
30
10'/a
10
15i/4
*27%
•
13%
*13%
8%
27%
15%
9
2
85
-
..
1,100
37
38
10
*8
■
29%
13%
14
130
250
29%
10%
*13%
conv
91 'A
*36%
37
prior pfd ser A
..100
Revere Copper & Brass
No par
1% preferred—>————100
.Y 51/4% preferred
...100
3,200
91%
14%
,37
8
6%
-
12%
10%
38
600
Deo
15% Nov
20
85
July 19
59% Jun 12
2
*881/2
*13%
*37
4
6
82%
Dec
12
26% Feb
5
,
4
14
22
23% July
11% Apr
13% Sep 20
20
May 6
19% Jun
5
20
Jan
9%
38
Jan
4% Jan
12%
*37
12
69% Jan
42i/aJan
95 Va Jan
Inc
65
29»/2
4
1
Motors,
87
30
5
Republic Steel Corp——No par
6% conv preferred—
100
65
29%
'
—1
Jun
Dec
-54% Dec
5% Apr 29
76'/a Sep 11
86% July 27
8
Jan
160
7%
90
Jan
6
Aug 24
30
8
9,100
87
*9 '/a
20
22% May 5
34% Mar 30
18
64%
90
2
100
87
9%
32
20
10
.
*12%
91%
*9 Va
6
1* Va Jan
100
—
64%
91%
.
Jun
Reo
*82
.7%
*86
12%
•
9
7%
87
91
9%
7%
87
12%
90
1
30
7%
*64
*63%
8%
30 %
7%
13
90
9%
30
7%
65
13
90
9 %
7%
*63%
13%
90
■■■"
7%
Jan
7%
Dec
3%
Jun
15%
66'% Jan
Preferred with warrants
25
Rensselaer & Sara RR Co.—-—100
30
34%
7
-No par
——,
Remington-Rand
300
99% July 14
1,200
17%
100
IOO1/2
-
8%
'
7%
3,300
.
*84
Reliance Mfg Co
pfd
Reliable Stores Corp
—.*
17
84%
100
807/a
200
..
5
59% Dec
Apr
15% Jun 26
26% Jan
100
1st
2
29% Jun
Jan
22% Jan 22
3ys Jan 14
5
& Co
1
21
—50
-
(Robt)
2% Mar
46% Mar
lO'/a Jun
54% Jan
50
-
4
July 19
71
11% Jan
261% Jan
14% Jan
—50
*
Hosiery
Preferred
Reis
160
55%
Silk
'
80
■
72
—100
2d preferred
Real
100
'
*54
8%
4%
400
■
■4%
1
80
73%
16%
16%
4%
*75
*83%
8%
*99 Va
82%
27%
■'
837%
8%
100
*99%
4%'
80
55%
*54
9
*4%
*75
17
83%
55%
*27
4%
16%
84
*54
500
18%
4%
Reading Company
4% 1st preferred—
12% May
Jan
3ya Jan
-Y $3
•
1,400
'
59
—1
.
300
•
4% Jan
No par
Raybestos Manhattan.—No pu,r
Rayonier Inc.
—1
preferred
—25
1,800
32%.
80
*4%
*75%
400 *
•
/
17%
32%
Radio Corp of Amer——No par
$3.50 conv 1st preferred
Radio-Keith-Orpheum
720-Y
6% conv preferred—+-1
1,300
.14,200
8%
92%
921/a
26%
5 24,200
10%
70%
.
8%
8%
5% Jan
48% Jan
122
6
6
Apr
9
3% Jan
2
12% Jan
1% Jan
58% Feb
2
2
23
10% May 7
13% Jun
5
63% Mar 30
130
Sep
29
7% Apr
3% Mar
22
May 28
4 % May
May
10
Jan
6%
Nov
3%
43
116%
1
82
4%
4
Apr
Jan
Apr
Apr
6% Nov
55%
128
Jan
Dec
3% May
57/a
Jan
11% May
15 %
Jan
Apr
1%
Jan
9% May
17% Feb
16%
Dec
26%
Dec
"
1
7
14% Jan 20
32% July 23
10
261/4 Jan
4
33
12 y2
4% Feb
1
12% Jun
5
25
221/2 Jan
2
27% Jun
2
July 24
3% May
20
Sep
4% Aug
25
Jan
THE COMMERCIAL, 8c FINANCIAL CHRONICLE
1362
•/
LOW
AND
Monday
Sept. 28
Thursday
S per
share
3174
32%
31
61/3
6%
*6%'.
4%
414%
31
*42,
4%
,<
5%
.
11%
11%
11%
11%
49%
497a
49%
49 74'
*5%
22%
121%
49
;
*46% -'47
5
*4%
8%
4674
47%
46%
5
*4%.
•
92
9
874
9%
8%
*6%
6%
4%:
537a July 14
674 July 14
M% July 13
Texas Co
25
4174 Jan
3Va Jan
2
3674 Sep
874 Jan
15
5
18
-l
774 Jan
7
CO—————100
17% Jan
7
674 Jan
12
1674
4,200
Texas Gulf Produc'g Co
No par
Texas Gulf Sulphur
—No par
Texas Pacific Coal & Oil———-10
11
4,100
Texas Pacific Land Trust
1674
1074
11
57$
■
>7
(The)
11
1
22%
1,600
Texas & Pacific Ry
1274
13 74
1274
121/
11%
12
3,900
Thatcher
*4974
•4974
49 74
49%
*49%
50
300
2274 '
*2174
1374.
*6%
6%
874
8%
4774
474
14%
474
874
*14
Thermoid
130
474
4%
35
Co_———————1
7
preferred———10
Transit Corp,-No par
33% Jan
5
;3
Jan
2
874 Jan
4
15
2674 Feb
5
33% Jun
174 Jan
2
$3 div conv
-Third Avenue
1,000
1474
14%
14%
14%
7,700
100
100%
10074
100%
10074
1,110
29 V8
29
29
28%
29
2874
2874
23%
28%
2874
2874
1,100
Timken
*47%
48 %
47%
47%
47
47
4674
46%
46 74
46%
46
4674
1,100
Timken Roller
8%
8%
8%
874
8%
8 34
87b
874
5,900
Transamerica Corp—
'21 Va
21%
21%
*2174
22
"14%
*13
14%
*2
,
19%
14%
100
-
.
20
*19%
*19%
■>
*8%
8%
21%
22%
*13%
14%
3%
3%
14 74
84 Va
*83%
8 Va
8 %
8%
23%
23%
1474
10074
22%
8%
21%
■
100
217s
*13%*
30%
2174
30%
900
2%
*19%
2174
21%
147a
30
14%
274
2%
600
207$
I
*2
2%
20%
2074
1474
100 Va
30
30
*2
2
20%:
14%
3%
84 Va
*29%
29 Va
IOOV4
14%
14%
2
2%
*2
2%
19%
29%
29%
29%
29%
*14
1474
20%
22%
800
1474
100
16
*6%
*73
8%
227a
22%
31
10074
100 Va
6%
674
7
674
74
*72
74
8474
874
31%
*99%
100%
*83%
8%
23%
31
31
31
100%
374
84 Va
■
374
10%
10%
10
IO14
*54%
55%
*54
55%
73
1074
*13
1474
3 Va
,
3%
3 74
83%
3%
83 %
83%
100 %
3174
100%
5,400
31
3074
100%
23
3,100
100%
674
6%
7
74%
*74
75
10%
*10
54 Va
55
10
10
8274
82 7
6 %
*10
■'
7
*74 7a
600
974
10%
,
320
10
1,100
9%
Oct
Jan
42
Jun
3
Mar
Jan
52 Va
Dec
Jan
Apr
474
Jan
34%
2 74 July
374
Sep
5%
Jun
974
Dee
17% July
27 Va
Jap
IVa
Nov
15%
Nov
374
18
30
4
v
Mar 18
ii Mar
8%
10
Jan
Feb
8
Jun
1074
Feb
85
'Mar
97
Dec
22
May
34Va
Jan
.No par
20
50
3174 May
43 V*
Jan
-2
Bearing,
6% Jan
4
Jan
674
Dec
11% Jan
69
774 May
8
;y 874
18%, Dec.
1274' Mar,:.
Jan
274
74 Mar
8
<71
Nov
Nov
May 25
9%. May 4
Jun
574
Jun
774
Jan
16
34% July 14
Jan
5 6 74
2474/ July 15
1974
Jan
2674 Nov
174
Jan
10074 Sep
974 Jun
9974 Sep
4% Jan
Jan
7774 Jun
11% Jun
5
6% Jan
1
18
67
6
4
90
Jan
■674 Jan
1274 Jan
25
7
5
16%: Apr
474 May
5
174 Jan
:
July
1074 May
2574 July
15% Jan 27
5
Co-.————1
Coach
2474
Jan
Sep
Nov
2Va May
41
28
July 23
.
/
1574 July 14
.
Twin
774
5
3474
3474 Mar 31
.
1,300
Dec
103% May 26
——1
;$6 preferred—
—No par
Truax-Traer Corp——No par
20th Ceu Fox Film Corp—No par
$1.50 puferred
—No par
$4.50 prior pfd
No Par
Twin City Rapid Tran—No par
7 % preferred———100;
1,100
8%
4
Tri-Continental Corp
90
874
,
75
74 74
10%
22%
30%
100V4
6%
67 s
74
23%
100%
31
31
317a
100%
83 Va
87$
Dec
Apr
14
Transue & Williams St'i-—-No par
2,200
Oct
874
12
Transcont'l & West Air Inc—
1,400
374
83%
8%
2274
23
22%
84
*8%
874'
*874
3 74
3%
3
3%
3774
'
May 27
674 May 24
26 74 Jun
Nov
Apr
26% Sep
407a Jan
Axle———10
'
*13
14%
*13
974 Sep
4
974 Jan
Sep
Dec
Apr
May
474
49
•
Jan
92
Jan
42 %
94% Jan
=
Detroit
.
Oct
974
2
5
July 12
6
Jan
100 %
29%
-
*14
14%
8
Jan
4
29 %
14%
;
*14
14%
*14
8
52
Nov
4
28
••
51% Aug 19
5
Nov
35
7% May
30
Apr
July 22
——100
—
.
Thompson (J R).
—
,—-25
Thompson/Prods Inc:
—-No par
Thompson-Starrett Co——No par
$3.50 cum preferred-———N< par
Tide Water Associated Oil
—10
•; $4.50
conv preferred—--—No par
*14
Jan
2% Jan
No par
The Fair—
Preferred
3,700
47%
*46
■
40/
95
Mfg .Co————No par
preferred--'
No par
$3:60 conv
100
6%
*93
8%
*46
474
474
474
*6 74
95
874
9%
: 46%
i-22 74
6%
*92
46%
9
4672
22%
*674
6 V4
95
*90
92
22
j
Jan
574
Apr
Dec
5%
.
Nov
25%
.
Apr
174 Mar
13% July 14
28% July 8
13 Va Sep 28
5%
1174
491/a
90
2
500
6,900
3,600
49'/a
4
1374 May 29
11%
574
1074
*674
8
29%
32
3
4974
2,000
22
874 Jan
Apr
Aug
374 Aug
5% Mar 16
45
11%
5%
121/2
9
497$
3674
22
2
Jan
:
11%
574
*49%
Jan
3
Corp————-1—5
Tennessee
1574
874 Jun 24
35
Corp
49%
16
12%
5% Jan 25
-—9
—50
—-5
partic preferred
Telautograph
$ per share
19% Mar
357'a July
8
8 Va May 20
,
2
4974
36%
22
47a Jan
1942
Highest
per-share
35% Apr 22
*11%
37
167$
90
574 %
30
16
11%
*49%
Va
6%
90
Talcott Inc (James)-—...—.
-Sylvania Elec Prod's Inc.
1,100
367$
1074
8
1,200
4%
16
1574
2274 Feb
8%
474
37
16
11
8
pet share
11%
5%
15%
Jan
2,800
43%
*42
$
share
29
674
*7.
774
Par
■■■
-No par
Symington-Gould Corp——
1
3674
5 Va
11%.
22%
12%
4,600
674
4 74
V';'
■
■
$ per
Lowest
Highest
Swift International Ltd——
1,600
3174
37
21%
11%
6%
3 6 Va
31
31%
43
/
,
Lowest
■
4974
49
10%
16
*ii
49
57 a
367 a
-iJLiVa
*if%
*87 Va
5%
36%
5 %
37
*36%
774
*4%
Shares
31
■
67$
43
474
*1174
11%
49%
67s
43
474
50
*11 %
3174
7%
43
4%
31
31%
67a
.
6%
7
437a
31
3174^
EXCHANGE'
Year
Range Since January 1
STOCK
NEW YORK
for
the Week
$ per share
share
per
31
.
674
67a
$
share
"
31
32
7 %
■
4%
4%
31 %
67 s
43%
*42
43%
,
.7
67 a
7%;
*6%
*"42
S per
share
31V4
32 1
6%
'
Oct. 1
Sept. 39
30%
31
31%
31 'a
32*4
$ per
share
Sales
Friday
Sept. 30
Tuesday
Sept. 27
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
Saturday
$ per
RECORD
NEW YORK STOCK
Sept. 25
Monday, October 4, 1943
7.74 Aug.
Oct
3
1
6
Nov
21%. Jan
574 May
18
10
7874
Nov
774
Nov
46
U
10
IOV4
1074
82%
82
*54
974
1074
82%
'
827a
82
*116
II6V2
*116
116%
116
113
1131/2
*113
113%
*113
5374
54%
9%
1074
82
827a
116
*11674
20%
207/a
207a
21"
21
96%
97
96
967a
9674
96%
28 %
9574
*95
94%
*93
2874
2874
28%
95%
*28
*1167
117
27%
*21
113
Jan
5
X118
108
May
114
Union El Co of/Mo $5
40
pfd_
10574 Jan
2
Union Oil of California—.
25
1574 Jan
8
97%
97
97%
3,100
Union
Pacific RR Co—.
—100
8074 Jan
2
102 Va July 16
94%
9474
95
95%'
100
7974 Jan
6
96
23%
28%
2874,
28%
1.000
Union Tank Car—-—.— —No par
24% Jan
8
2872 Mar 30
6,300
5
2574 Jan
6
40
3174
113%
11374
31%
3174
32%
109%
2874
27%
27%
21%
21 74
21%
21%
21%
32
109%
277$
31%
21%
*21
107%
277$
"
,
preferred—
.
—
United Aircraft Corp—,
5%
500
/
100
preferred—
Transport-
conv
*114
*114
*114
*114-
.'•L-
^
'•
'
,
5%
'
'
*65
*23%
65
25
*23Va
65%
25
65
65%
*2374
6574
*65-
66
25
*2374
25
25
.
1%
1%
1%
17s
174
174
1%
3514
3374
35
34%
35%
35%
3574
3574
35 34
14%
147%
1474
14747
14%
147'4
14 74
1474
*7%
7%
774
*6%
774
.
/.':
1V4
35
*6574
1%
1%
"
.7%
*7%
*28%
774
774
2774
27 3 4
77%
28%
5774
58
*56
58
*56
58
v
|_6%
'TBs
/
7%
774
*271/4
2874
.
73a
7%
74%
24
■
10%
*28
74
36 34
*5%-
87'a
112
274
*474
474
24%
*474
*97
*15%
*73%
7%
7
9%
*33%
33%
*37
42
*40
42
*39%
40
40
*39%
40
39%
*974
9%
3374
3374
2
*174
*974
33
1%
44%
4574
4374
4414
43 %
12614
126 V4
125%
12574
12574
55%
16%
112
*11074
7%
53%
*1674
16
74Va ■'
.174
4
4
•'.
U
40
4,800
42
42
450'
36
300
5 74
574
16%.
17
;.:
17
*111
112
No par
No par
4% Jan
84% Jan
774
6%
6%
9%
*974
9%
6,100
:
Prior
59
Jan
Jan
17
17
9%
*974
9%
33%
33 Va
*3974
40%
3974
3974
42
3974
2
44
126
126
55%
5674
x54 %
x72
1263b
126 74
126%
126%
*54%
55
54%
55%
72
*71%
72
72
5334
122
54
533b
54
12274
121%
122%
22%
23%
22%
22%
1%
53%
52 74
12174
121%
121%
23%
23 %
22%
2374
4774
•.
4774
48
*47
*47
122
'
48
.
49
*47
:
U S
;
!
1174
Apr
274
Sep
4 74
Feb
274
Apr
57 a
Dec
77V2
Apr
87
40% May
159
Feb
11%
6% May
July 13
Oct
Jan
64
Dec
May
17474
Dec
474
Apr
674
Jan
Jan
6
7
Jan
Jan
16
110 72 Aug 24
99
Jan
674 Jun
15
May
1374 Jan
108
9
114
Jun
87$ July 19
9% Jun
Aug 23
lo
29 74 Jan
13
37 74 May 25
22
29 Vs
Dec
2974 Jan
13
3074
Aug
15
42
July 9
4474 Jun2
2674 May
32^ Jan
20
3274
Dec
1
Mar
101
Jan
46
Jan
374
64 74 Jan
4774 Jan
No par
——-100
72
7
;
May
Sep 24
Jan
8
125
8
4
29
42'/a Jan
preferred—.————25
'*•
■'
-
54
Mar
27%
Dec
103%
Dec
3774 Apr
7
58
5174
107%
Jun
5
1574
6
39% Mar
3% July 19
274 Jun, 1
74 May
50V4 Aug.
'i
Jan
5574
Apr
July 19
Apr
Jan
71
Apr
44 74 May
59 74 July, 15
21% Jan
112
—No par
i
62
13
:
1374 May
20
12974 July 23
4'
Apr
74 Aug
May 10
4674 Sep
8
& Mini———-50
Preferred.—-50
U S Smelting Ref
7 %
5
6
Sep
/-/ 8-%' 1st preferred—'-—-—100
10
Sep
Feb
474 July
1474 Oct
2
Co
16%
6%
1
-
—
7274 Jan
43 74 Sep
■
'5
Preferred
35
Jun
41
Jan
U S Tobacco
Jun
374 Mar
Jan
3474
25% Jan
1,800
Dec
Nov
50
Apr
10
3,000
•
874
37s
:/
——„20
10
Foundry
Playing Card Co
Plywood Corp——
U S Steel Corp
Apr
Apr
Rubber
/
Apr
1%
Oct
Jan
Realty & Impt——No par
17,900;
474
Dec
2'/«
U S
400'
'•
18*
Jan
July
Feb
2474
U S
3,000-
20
34%
U S
1,600/
;
.
sa
11
29
Oct
5874
8
8
1
Co
Jan
9% Mar 25
.
4
Jan
600/
2,300
49
*47
U S Pipe &
16
.774 Apr 26
19% Apr
8
Jan
4
9,400
■V,
72
5374
100
•
:
12674
5474
72
50
39%
2
5274
*48
40%
44%
.72
23%
3.900
331»
2
72
122
/
44 3 b
5374
23%
33%
*39%
*39 74
'
2
72.j
12174
39%
45 74
5274
24
40
3914
1%.
44%
53%
122
33%
40
;
447b
1%
4474
33
337$
May
3
Oct
Dec
x42% July 14
30
10
—
1
37
75
Sep 25
18174 Apr 17
19
574 Jan
39 74 Jun
preferred—-——-—100
Preferred '
113
4874
19
29
par
No: par
Lines Co
U S
400
104 74 Mar
Jan
2574
May
574 Apr
8
173
/
Partic & conv cl A——-—No par
.
,
.-774
conv
Leather Co——
Dec
17
1374 May 4
X9774 Sep 20
2
9 74 Jan
Indush Chemical, Inc-No
S
U S
100
1,200
112
5%%
U
2074
274 July 21
6
Corp———5
preferred——
50
Apr
8
Apr
27
4
Mach
Apr
33% Aug
July
9 Ve Jun
6
374 Jan
—No par
S Gypsum Co——-——-——20
7% preferred^——-—-100
U S Hoffman
*35
*9%
7%
TOO
//
97$
36
•5 74
*111
74
*974
Jan
76% Sep 21
16
167a Jan
U S Freight Co„
42
1674
112
400
274 Jun
1
10
,
Feb
3
5
35
26% Jan 12
6074 Mar 9
,
ex-distribtion-
Faperboard
U S & Foreign Secur
$6 1st preferred
20
%■
176%
*174
United Gas Improv't
United Mer & Manu Inc v t c
2,400
1674
*7374
%.
9 74
*5%
167s
97
97
97%
*9%
5%;
7
56
5574
56
*23%
122
57a Jan
Cos-.,—'—5
United
Feb
30
y367a
10474
'
——5
200
8174
774
22
66
No par
Jun
974 Mar
30
9
4
Fdy
Nov
89
11
Jan
4
7
38% Jan
Electric Coal
Dec
85%
2174 Aug
Jun
3
157'a Sep
774 Jan
2% Jan
———————100
900-
v.
;
3574 Sep
Co—_———1
10
United Eng.&
Jun
Jan
1674
Jan
2% May 10
2
United Fruit Co—
99,100
9%
*35% :
74
*72
974
.'
X26
5
'
2
2
*574
••
9%:
*41 3
•'
2%/,
2%
2%
4%
42
36
.
2574
36
*4174
17
*11074
;
U Jan
1774 Jan
Dyewood Corp---
United
300
2,500
7
par
Jun
69% Jun
16
1874 Jan
—No par
preferred-,
Preferred
1,900
,
737$
4%
174
'9 % '■> 974
42
112
774
2873
*24%
*7374
17374
'9%
6
■
•
4%
16
74%
17374
*574
7774
28 3a
2474
*97
15%
7474
17%
7
15%
36
574
9%
173%
*41%
United
bo
tv.
9%
'9774
*97
16
*35%
*5%
*110
.9%
97%
2%.
...
474
7474
9
United Drug
1,100
24%
24 74
173%
7%
97a
7%
974
7
2%
2%
2474
42
1674
17
73 74
73%
2%
9%
5.000
7%
S3
.
'
2474
36
36
-
6
<110
74
17674
874
*41%
42
36%
17
1674
74*
*17374
176%
87 a
*41%
977/4
*15%
16 Va
'
J 3,
10%
—No
14%
59
i727'4
74! 4
United Corporation—
44,800
37,000
*674
*57
28 3a
74
"
*97 "
75
75
♦173%
4 74
10
97%
16%
24
,
4%
4%
*10i%
274
2%
2%
24%
'97i%
74%
7374
■74 Va
2%
24%
/:
77 b.
28
28
:
73
.
55% Jan
Co_——— —No
par
—No par
17b
,r ./-■ 14%
.
"
T-
Carbon
United-Carr Fast Corp
357$
174
58 74
600
114
108
Jan
Dec
Nov
May
2374
May 27
8
22% May 12
2
113 Va
Dec
7474
337$ July,
8
109% Jan
par
—100
preferred—w——
United
25
35
:'i47b'
*6 74
58%
58
774
•
'143a
•
674<
66%
*24
6674
66
*23%
Jan
16
United Biscuit Co——— —No
300
'
10
9%
83
6374
July 22
114 74 Jun
93% Jail
4
1774 Jan 20
—5
Un Air Lines
12,300-
22
*21
4 %
1.100
31%
27%
7,
,
23
Preferred $4.50 series- —No par
270
1077$
'
327$
109
10874
.
114
114
.
"
*114
10074 Mar
May 5
22% July 14
9774
109%
*114
Ayr 29
5,500
•"/ 2774
2174
—No par
28 %
95
*28
*108
Apr
2074
27:i4
32
58
2074
109 74
*108
Sep
86% May 27
20%
2774
3174
32
Jan
774
13
a
28
1091%
July 2
1174 Feb, 26
287/a
2
Jan
20 7
21%
31%
109%
59
Jan
95%
9674
2874
117
*116 74
Jan
8
79
Union
97
; 2074
95%
'
117 '
a
42
4— —No par
Carbide & Carb— __No par
Union Bag & Paper,
7,500
,
207$
11374 .11374
113%
20%
8 2 74
82 7$
8274
4,200
10
974
10
a
Under Elliott Fisher Co— —No par
600'
5674
*55
55
11974
Jan
Jan,.
24
Jan
46 74
Jan
51,
'
*3%
;2%
374
3%
3%
2%
274
274
3%
2%
3%
:3 74
3%
2%
274
2%
2%
8374
*83%
90
*1574
16
90
*8174
85
*82
85
15%
15%
*15
16
*1574
16
*4%
41%
*83
36
36
71
474
*474
71
.
36
*3574
71
71
35
*70%
83%
*15
47s
16
474
4Va
*3474
35
'357/t
*70
71
*158
*158
*158
4%
*158
7174
—
3%
'
*4 7
a
3%
2%
4%
*34
35%
*70
7074
2%
2%
.
*8374*15%
,
-
,
;
.
16
100
"
35%
*34
70%
70%
"/
100
.400'
4%
*474
800
6,200-
90
*158
*158
-
3%
33b
,
.
•
United
Stovkyards Corp— —i—1
United Stores class A
—
——5.
Inc—i—1
13
4
Universal-. Laboratories
Preferred
No
———
Universal Leaf Tob———No par
8%
—
,
preferred—-
1474 Jan 23
33
par
——100
v
,'.V
5
Jan
56
conv
6
74 Jan
'
.
preferred————No par
Universal-Cyclops Steel Corp——1
$6
' 60
40
174 Jan
Sep
9
July
9
59% Jan
150'
Jan
15
12
■
83 74 Sep
74
2
674 July
1
Apr
34 74 May
12
July
24
2074 July
174
6074
Oct
Oct
Dec
2
1574 Nov
4174 July-16
41
75V2 July. 7
162
Sep
13
May
Apr
142
61
152 Va
Oct
Dec
V
*2074
2074
20
1974
10%
1074
10 74
1074
35
35
*35
125
*120
36
20
*10
35
19%
20
2074
2074
20%
10
10
*10
10 7'3
*35
1074
33
37
*35
36
4
2574 July 15
10%
800
Van Norman Mach Tool——— 2.50
.8% Jan
7
127a Feb
36
20%
300.
Van Raalte Co Inc.——
-.5
25% Jan
11
2074
10%
*35
,
1,700
Vanadium
No par
Corp of Am-.
'
*118%
4374
4374
*120
4374
*43
4374
.*120
*43
43Ve
*60
70
*60
70
*60
70
*61
70
*61
70
*61
70
*23%
2474
*23 7b
2474
*2374
2474
*4%
4 %
4
4%
4
52
*51
*119%
120%
50%
50%
51 %
1191'a
119%
11912
50
11974
41
42%
4074
41
39%
39%
39%
39%
347 a
34 7 «
*3474
*3.04
'
107%
*143
*104
35
10774
63
*60
*61
1
70
*61
70
*61
70
*23%
24%
*2374
24%
*23%
24 34
*4
52
*11974
4%
4
52
52
1197a
120
4%
52
120
41
*41
42
4113
42
39 %
*39 %
40
*39%
40
35
*34 7 8
35
34%
107%
1,200
104
74
104
s103
34%.,
107%
%43
*143
:
4%
*4
*51
.
*119%
42
%
40
*34%
*103
52 %
120
5%
preferred
—
1,200
60
Va-Carolina Chem_.^
6%
Va
El
41
51.'
Jan
.100
57
Feb
5
No par
div partic preferred—— .100
& Pow $6 pref—
—No par
Iron Coal
& Coke 5%
45
550
Va
40
400
34%
300
Virginian Ry Co
6 %
preferred
107%
10
Vulcan
pfd— .100
Jan
7
Jun
7%
Jun
19': • Mar
112% Jan
20%
Dec
Jun
12
1
30
42
Dec
Aug 28
50
55
.Jan
60
Nov
25 Va
Jan
22
15
6 7 74
May
/ 2674 Feb
674 July
6
15
1
68% July
39
Jan
5
116
Jan
15
X123
20'/a Jan
14
45
1
Aug 30
*
116 Vt
May
July
55
Sep
18% May
1
2%
Jan
40 %
Oct
110% May
117%
Dec
2174
Nov
31%
Jan
2274
Oct
1
14
X3974 Sep
22
3574 Sep
"
Jan
27
Jan
14
24
Apr
29% Jan
2
8
26
May
80
Jan
8
110
Aug 18
70
Jun
113
Jan
26
148
Jun
120
Mar
15
July
Jan
—25
-100
Jan
11 Va Mar
26
44% Oct
118
65
22% July 31
4
2% Jan
14%
25
36 74 July 14
-25
Detinning Co——.—_. .100
Preferred
*143
115
—5
.100
.—
Victor Chemical Works_^
1,200
Mar 15
.100
preferred
Vick Chemical Co
Vicks Shreve & Pac Ry
*60
39%
*104
44%
4474
65
4074
*347$
*143
*143
437 V
*60
,
4
4314
7% "1st
*120
>120
43%
15% Jan
29%
v
Oct
Oct
96 Va Mar
138
Jan
W
37
37
37
36 74
36
36%
3674
10%
10%
107$
10%
*1074
10%
*10%
27 %
27%
27
27
*27
2774
2?
*105
108
>105
■103
For
108
footnotes
see
page
1363.
108
105
36%.
107a
24% Jan
4
37
37%
10%
10%
*1072
10%
600
Waldorf System
——No par
7% Jan
5
2714
*27
277$
300
Walgreen Co—
No par
4Va% preferred with warr—100
2074 Jan
2
21
*27
108
*105
108
37
*105
37%
108
1.500
Wabash RR preferred—
s--100
103
Feb
10
38 - July 23
117a May 29
2874 July 15
21% July
30%
Jan
6% Mar
Apr
774
Nov
2074
Nov
10
9774, Jun
102 Va
Oct
109
Jun
16
Volume '158
Number 4217
THE COMMERCIAL & FINANCIAL CHRONICLE
,
NEW YORK STOCK
Saturday
Sept. 25
J per
Low and high SATE PRICES
Tuesday
Wednesday
Sept. 29
Sept. 28
Monday
Sept. 27
$ per
share
7%
7%
7%
*46%
47%
*18
18%
*10%
10%
,10%
1%
1%
$ per
share
*1%
share
7%
7%
46%
18%
46 %
46
*18
18 %
*18
10'A
*9%
1%
1%
1%
*1%
*48%
49
48%
48%
47
47%
14
13%
13%
13%
13%
7%
*23
23%
23
22%
*14%
22%
15%
24%
24%
23%
22%
22%
*14%'
15%
*24%
25
"
6%
7%
6%
23%
23%
23%
*75 Va
'
77'
6%
*75JA
23%
15%
15%.
.
*75%
77
v
15%
15%
■
r
■
82
80%
81%
96
96
96%
*116% 117%
14%
15%
110
29%
.29%
23%
*23%
7%
23%
23%
*75%
"
75%;75%
15
15%
79%
97%
79%
97%
86%
8G%
87
86%
116%
116%
79%
,79%
97-,'
86%
86%
116%
..
116%
15
15
15
*108
.
110
*108
110
*29
29%
*29
29%
.15
-
3%
8%
4
*3%
3%
3%
3%
3%
*3%
8%
8%
.
9
:
8%
8%
37
37 Va
36%
36%
36%
37
36%
37%
37%
3,8%
22
22
21%
22
21%
22
22
22
21%
22%
96%
*125
126
"35Va
125
*26
27
111
*110%
111
',*57%
59 %
*93%
110 %
*95
95
21%
22
22
67%
67%
*18%
19%
95
22
67
95
67%
66 %
66%
19%
*19%
25%.
19%
.
97%
25%
*110
110%
59%
*58
59%
*58
59%
95
21%
21
21
20%
8%
9
6%-
*95
96
6
26
21%
22
*21%.
66 %
67
67
67
*66%
67
19%
19%
19%
*19
6
26
*26
6 '/a
72
27%'
6
6%
*69
5%.
5
6%
6%
12%,
8%
12%
12%
12%
8%
8%
8%
8%
85
84%
84%
*84'A
85%
85
11%
11%
11%
vll%
11%
*11
85
*118%
*118'A
-
39'
—
*21
21%
*21
85
85%
11%
*11
*12%
12%
8%
9,500
85%
•
86
11%
11%
*11.8%
■
700
„
,
:
400
21%
21%
21%
38%
39%
38%
39
21
20%
21%
20%
120
38%
103%
*101
*49
51
*52
53
-
20%
20%
,
20%
20%
20%
2Q%
*110
117
*109%
104
'
*100
103
*99%
102%
50%
*49%
50%
49%
38%
51%
51%.
51%
51%
*49%
50%
52
51%
.
51%
*88
91
*88
91
*88
*70
70%
*70
70%
91
*70
-
91
*88
70%
70%
*109
118
*99
20%
*70
70%
91
*88
70%
>
50
*48%
*51%
*70
10
i91
I
4
70%
Sep 22
20
conv
preferred—:
loo
Jan
Jan
8%
30
13% May
19%
Feb
83
Dec
127
Jan
100
July
1
5
136
Jun
3
109
40
July
9
23
Aug
Apr
29% May
5
23
22
Mar
31%
100% jun
42% Dec
80
July
17% Dec
108%
112% Jun
52
Mar 13
60
85
Jan..
Jan
9
97
18
58% Jan
is
Jan
-.13% Jan
63% Apr
Apr
6
Aug 18
Oct
;
2
32%
Deo
Jan
Oct
50
Apr
93
Jan
2
24% July 22
71% July 14
21% July 20
27%
Feb
5
58
Va Dec
69 Va
Jan
14
12% July
15 Ve
Dec
.
2
22% Aug 11
12
Jun
! 3% Jan
15%
Jan
5
Mar
5Va
Nov
8
10% July 26
7% Oct
1
3
2% Jan
"
•40
15
86
19
27
Oct
1% Apr
40
May
15% Apr
1% Apr
1% Aug
Apr 30
x20%Jan
par
Jan
1
'
_5
2% Jan;
2'% Jan
10
2
8
—_,1
No par
preferred———,
Co—
3%
Feb
12
24% Aug 19
106% Jan 15
—20
Motors—
preferred—
conv
Feb
Jan
Deo
Jan
l
No
18
20
Apr
4% May
23 Va
Jan
104%
Jari
No par
preferred—
Jan
Jan
113%
2
40% July 15
24% May 29
Jan
93
31
6
Jan
6% July 19
9% Jun 28
2
4% Jan
14% July 14
9% Sep 20
2
57% Jail
.—No par
—10
;
pfd—.100
4
9
115
Jan 27
Jan
8
17% Jan
10
9
-
10
86
Oct
42% July
7
Sep 24
X103
149
73%, Jan
107% Jun
3
24% May
Dec
2% Oct
814 Deo
110% Oct
.
6%
21% May
14% Jun
2
Sep 24
2%
Sep
Sep
51
16%
20
Jan
22% Jan
Apr
2
16% Jan
X112
53
3%
1
24% July
3% Jan
4%
11% Apr
6
118% Sep 21
30% Jan
Worthington P & M (Del) —No par
7% preferred A———100
67c preferred B——100
Prior pfd 4%% series—
100
Prior pfd 4%% Conv series—100
Wright Aeronautical—
No par
Wrigley (Wm) Jr (Del)
No par
800
J
Mar 29
30% Sep
9i'
104
Apr
102
May
10% Sep
97
Sep
-12% May
3
16
Apr
120
(The S S)—-20
Woodward Iron Co——
Woolwortir (P W) Co
,200
r
52%
.
Jun
110
'
$6
118
*99% 102%
•;
prior pref—
Wilson-Jones
2,500
*109 %
.102%
*88
6%
7,10Q
20%
49%
51%
*49%
118
20%
120
*111
103%
*112%
conv
Jan
10% No?
36
15% Jan
81
20% Jan
41% Apr
Aug 19
Feb
171%' No?
7% Aug
34
Aug 18
5
Wilson & Co Inc
4 200
*
7
84% Aug 19
98
3
Wisconsin El Pow 6%
21
.
17% Jun
19
May
% May
4
5
Union
Willys-Overland
t goo
,
11%
15
59
4
Jan
Wilcox Oil & Gas Co—
*118%
*20%
38%
38%
86
•
4
.
6% Apr
4,500
8%
26% July 2
July 15
77
11% Apr
Prior
12,900
12%
4
21
8
2'A Jan
$4
j 400
.
5%
6%
21%
*21
38%
8%
*118%
■•118%
,
21%
38%
39%
!
27
6%
8%
12%
8%
12%
8%
27
July
Jan
White Sewing Mach Corp
200
','V 5%
3
11% Jan
19
White Motor Co——————..lI
White Rock Min Spr Cp—No par
3,300
/
1% Jan
8% July
5% Jan
$5
35,400
73%
Nov
119
100
2d preferred—
White Dentai Mfg
200
2,100
;
Oct
18
'26% Jan
v220
,;
6%
12%
12%
>■>■' 1,400
',V
20%
*71
6
6%
8%
■•'
8%
6% •/ 7%
27
*5%
6
.
8%
72
'6%,
6%
*12%
*11%
6%
*26
27%
*5%
22%
,
■
20%
8%
6%
72
*26
6 %
21
8%
72
%
6
5%
21
6%
*691/2
6
%
20%"
8%
*8%
.
100
19%
6%
72
%
22
20%
9
6%
26
26%
6
8%
72
72
*70
8%
6%
i
10
.
95'
95
v
19%
20%
20%
21
8%
6
;
'
•
21%
*
30
■
14
Jan
8
Westinghouse "El & Mfg
50
1st preferred
i———50
Weston, Elec" Instrument—12.50 *
Westvaco Ghlor Prod——No
par
$4.50 preferred——,:
No par
Wheeling & L Erie Ry Co
—100
5%% conv preferred——100
Wheeling Steel Corp__—No par
220
110%
95
:
3,100
210
"110
"
*18%
3,800,
26
Jan
11%
July 23
—100
4%
Western
36
*25%
13% Jun
12
Jan
103
Jan
1
109
100
Supply Co__
Maryland———
39%
2
2
—_10
Auto
Dec
24% .Oct,
23% Sep
17% Jun
Jan
No par
preferred—
No?
8%
26
87
*
1
29% Nov
4% Apr
21
; 57
4%% pfd—1.00
Pr Co
Nov
32% Apr
Telegraph
,100
Westingbouse Air Brake——No par
* 500
12,200
,
—100
6
Feb
•
No?
16% Oct
4*
8% Jan
58 Va Jan
67% Jan
16
5'A No?
41%
5
Jan
par
—
West Va Pulp & Pap Co
Western
125
*35%
25%
West penn
,500
98
125
36
preferred.
6%
22
July 6
15% July 15
4
17% Jan
69
May 29
56.
Aug 31
—100
6%
Western
110%
96
21%
21%
7
15% Jan
1
Apr
Apr
13% Mar
2% Jun
% May
2% Mar 29
20
8
preferred
300
-
Jan
7% Jan
2% Jan
West Penn El.class A—-—No
2,500
9%
36
5
12% Jan
il60-
39
13
17% Jan
7%
■
5
4
1
270
1
4 % Jan
% Jan
50
,
Pictures——
52% Oct
$ per share
3%
31%
18% May 25
par
1842
Highest
per share
5
4
.—5
600
*8%
126
*35%
Bros
3%.
37%
98%
126
36
*58
59%
9
97%
126
25%
111
*58
97%
*35 %
26%
*110%-
58%
*125
36 %
*26
111
X58%
126
*35%
26%
96%
96%
*125
36%
*26
8%
96%
125
*35%
36%
*8%*
97
96%
97
8%
;
preferred
29'A
3%
No
West Indies Sugar Corp-,-
"120
■,
15
12
9% Jun
15% Jan
23
110
29
3%
5,600
V
117%
*108%
29 %
200
<
,
97%
116%
116%
15
15%
110
*29
80
97%.
97
1,200
15%
15
38% Jan
——No par
Wesson Qil & Snowdrifts,
No par
$4 conv preferred—No
par
14,500
77
15%
*79%
80%
7%
'23%
,-No par
No par
Tear
Lowest
S per share
2
Co—T
300
6%
4% Jan
Wayne Pump Co
Webster Eisqnlohr,,
,200'
;
par
-—
'
23%
,
No
Warren Fdy & Pipe——No
par
Washington Gas Lt Co
No par
Waukesha Motor
700
,i
.
15
.
'
3%
$7
Warner
200:
'
*24%" 25
77
77
15'
15%
25
.
6%
24
,15%
86%
*108
110
*29
*14%
*24
6%
97
15
15%
*108
29%
.
•86%
116%
116%
116%
15%
*108
86%
15%
24%
6%
15%
96%
*85%
15%
24%
77
80
96
86%
300
16,600
22
Co_"
Class B__
500
24
■
..
22
,*
■
<
15'A
*80
*85%
: *23
24%
22
$ per share
Ward Baking Co cl A———No,
par
.200
49%
Range for Previous
Range Since January 1
Lowest
Highest
Par
Walk {Hi Good & W Ltd
Div redeem preferred,
10'i
137/a
'
4"
Walworth
5,200
.
2
13%
'm.,
3,700
10%.
"47%
•
13%
22
•
*1%
49%
,
*23%
22%
6%
15%
25
*24%
.23%
*10
1%
7%
A
*
YORK STOCK
EXCHANGE
•
*14%
7
18
18
10%
13%
23
:;22%
52%
18%
NEW
Shares
7%
47%
.
47%
*47%
13%
share
$ per
*1%
49
23
23
22%
the Week
10%
2
13%
*22%
47%
Sales far
Oct. 1
7%
*18
10%
*46'%
13%
*22
7%'
18%
**97/8
,
Friday
$ per share
46%
10%
46%
*18
7%
46%
RECORD
STOCKS
Thursday
Sept, 30
S per share
7%
1361
Sep 20
Dec
117
106
24
Jan
Jan
31
Deo
21%
Jan
Nov
125
July
Mar
134
Sep
Nov
117,
44% Jan
9
54
Jun
1
42%
aun
54
46
9
57% Jun
18
44
Jun
57%
20
80
Jun
104
Jan
70% Sep 29
39
Apr
62
Jan
Jan
87% Sep 20
58 "/a Jan
108
4
Apr
18
,
Jan
Jan
X
17%
-
11%
30%
30%
141 Va
14%
17%
139%
13%
13%
*30
17%
139'A
13%
17 Va
141%
*14%
31%
30%
31%
*31%
17%
13%
17%
142
*139
•
.
.31
!
139
*30
17%
17%
139
140
13%
13%
30%
17%
30%
17%
141%
13V4
14
-
1.10Q
15,400
140%
-.
^V ;
30%
17%
140%
«700
*13%
37Va
-
36%
37 Va
36
37
36%
37%
36%
37
37%
37%
94
94
93
94
94
94
94
94
94
94
14 Va
14%
13%
13%
13Va
13Va
13Va
13
13
94
-
35
13%
35
*3%
33%
34Va
*3%
3%
3%
34%
34
-
'
3%
•Bid and asked prices; no sale's on
34%
34'
3%
3%
this day.
33%
*3%
3%
t In receivership,
a
33%
13%
37%
94JA
13%
\
13%
33
Transactions ai the Um York Stock
1,300;
1,900
New Stock,
n
Zenith Radio Corp
Zonite Products. Corp
1600
i
21% Jan.13
1
12% Jan
100
———
t Cash sale,
s
Special sales,
144
Sep
10
Apr
Jan
121 Va
5
Apr
28% Jun
37%
Jan
87
Oct
Jan
Jan
4
17% July 13
41V4Julyl4
97% July 17
9% Jan
2
16% Jun
6
19% Jan 12
2
Ex-dlvidends.
y
Jan
2
23% Oot
14% No?
10%
111%
82
1
15% Jan
9
20
30
^No par
x
31% Sep
18% Sep
2
118%" Jan 12
7% Jan
*
Young Spring & Wire—No par
Youngstown S & T_
No par
5%% preferred series A__—__100
Youngstown Steel Door
No par
" 230
3%
Deferred delivery.'
Preferred
1.1QQ-
.
25
Yellow Truck & Coach cl B__
5,300
33
3%
3%
,; Yale & Towne Mfg. Co
78
37% July 13
4% May 10
Jan
7
7*
May
8% Feb
IVg May
'
Deo
7% No?
12»A Jan
20
Deo
2% Jan
Ex-rights.
Transactions at the New York Curb
Exchange
Exchange
ily, Weekly and Yearly
Stocks,
Week Ended Oct.
Saturday
Railroad
Number-of
and Miscel.
i, 1943
Shares
United States
Bond
Bonds
ABonds
Sales
$4,780,200
-7/686,300
$198,000
$7,900
,2,000
8,333,300
607,020
7,451,900
527,000
4,300
7,983,200
466,480
5,805,000
457,000
2,200
6,264,200
570,734
7,746,300
200,000
5.000
7,951,300
558,540
7,251,700
3,155,394
$40,721,400
—
Tuesday..
Wednesday
Thursday-^
Week Ended Oct. 1, 1943
$4,986,100
645,000
330,760
...
(Number
———.
—
Saturday—
'Monday—
Shares)
,
Bonds (Par Value)
of
-
Bonds
621,860
—
Monday.
Stocks
Total
Government
Foreign
Foreign
Domestic
118,875
Tuesday.
$410,000
$10,000
202,246
———.
780,000,
157,840
—
926,000
735,000
8,000
Corporate
$8,000
30,000
29,000
126,815
—.———-
Wednesday—-——
Thursday—:
Foreign
Government
9,000
Total
$428,000
819,000
'955,000
743,000
•
Total
-
-
162,000
1,900
Week Ended Oct. 1
1943
Stocks—-No.
of
shares
$42,933,700
Total——---l
1943
V.
S.
Government
Total
2,858,065
227,604,956
$23,300
————————
the
$96,050
$2,576,675
$5,898,250
2,189,000
—_
1,978.500
93,337,600
60,210,000
2,545,826,800
shares
————
$42,933,700
Domestic
93,424,500
1,595,106,400
—
Foreign government
Foreign corporate
907,845|,
1942
431,118
Jan. t to Oct. 1' *
1943
58,272,727
1942
13,2li),998
20
Exchange
as
15
Total
Indus*
Rail¬
trials
roads
ties
i-
Stocks
Utili¬
65
10
10
First
Second
10
Indus¬
Gradb
Grade
Utili-
trials
Rai%
•
Rails
I
ties
Total
40
Bonds
September
25—
14Q.18
35.17
21.74
48.54
107.46
101.16
64.12
September
27—
95.80
139.41
110.47
34.64
21.60
48.16
107.41
101.04
September
28
63.70
110.42
95.64
139,27
34.70
21.70
48.17
107.35
101.04
63.67
29—
139.75
110.45
September
95.63
34.81
21.7^
48.32
107.36
101.09
63.69
110.16
95.58
September
30—
140.12
35.11
21.84
48.53
107.31
10149
63.66
110.20
95.59
140.32)
35.22
21.83
48.61
107.29
101.29
63.85
110.39
'95.70
October
1
—
10,689,000
3,061.000
20,000
1,092,000
578,000
$3,781,000 $178,783,000 $129,293,500
compiled by Dow, Jones & Co.;
-Bonds—
10
30
45,000
Averages
the New York Stock
on
$3,716,000 $167,002,000 $125,654,500
78,000
$4,292,000
-Stocks-
Date—
$4,191,000
23,000
$62,284,550 $2,641,741,075 $1,694,429,150
daily closing averages of representative stocks and bonds listed
$4,292,000
1943
Stocks—No. of
Stock and Bond
are
$23,000
Week Ended Oct. 1
78,463,686
40,721,400
industrial
Below
$78,000
575,000
Bonds
—
&
772,000
$4,191,000
1,000
'
-
Foreign
5,000
1942
Bonds
Railroad
Too6
907,845
———.
574,000
766,000
Jan. 1 to Oct. 1
1942
3,155,394
7,415,600
$23,300
$2,189,000,
131,S10
170,165
Friday
——
i
r;r
THE COMMERCIAL & FINANCIAL CHRONICLE
1364
Bond Eecord
>>Y:
Mew York Stock Exchange-
«»
FRIDAY
The italic letters in the column
headed "Interest Period" indicate
Friday
BONDS
Ended
Week
-1947-1952
4s
,1944-1954
3%s
1946-1956
3%s
—-——1943-1945
3%s
.1944-1940
3 Vis
-1946-1949
3 '/aS
—:—-1949-1952
3s
.—.1946-1948
3s
——
-1951-1955
2%s_
1955-1960
2%s_—.———-—1945-1947
2%s
——-—1948-1951
2%s_—:
——1951-1954
2%s
-1956-1959
2%s
1958-1963
2%s
1960-1965
2V2S
—
—1945
2Vis—
t_.i..^__.1948
2%s
„1949-1953
2%s
—-1950-1952
2%s
——-*.-1952-1954
2%s *
——1956-1958
2%s
——-1962-1967
2%s
1963-1968
Treasury
Tret nry
Trea liry
—
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
;
1964-1969
2V2S——.———1967-1972
2'As-————-1951-1953
2 Vis
——1952-1955
J-D
M-S
J-D
J-J
J-D
J-D
M-8
J-D
J-J
M-S
J-D
M-J3
M-S
J-D
2 Vis—
Treasury
Treasury
Treasury
Treasury
__1954-1956
1947
Mar 15 1948-1950
Dec 15 1948-1950
-——Jun 15 1949-1951
Sept 15 1949-1951
Dec. 15, 1949-1951
Treasury 2Vis
Treasury 2s
——■
2s
Treasury
—
2s
Treasury
—
Treasury 2sTreasury 2s
Treasury 2s___
March 1950-1952
Treasury 2s
Sept 1950-1952
Treasury 2s
——1951-1955
Treasury 2s
,
1953-1955
Treasury 1%S———--—June 15 1948
Treasury 2s
3%s
3s
—L—
106.3
series M
York
New
105.28
A
106
110.6
111.28
109.9
112.23
A 6s
assented
AGuaranteed sink fund 6s_
1951
111.24
<|L_
*103.30 104
.
100.3
—
,
.
3s
Corporate Stock
17%
,
,
17
.
17%
100
10517
16
'
:
*102.3
102.5
101.25
106.23
Rica
107.8
J-D
*36%
*
22%
23
18
25%
,1953
J-J
A Public
.1945
J-D
debt,™
35
/
l:'-
■
V'-'L-..
58
29
19
101%
103
72%
■
107
106%
'Y: L—
98
104 %
75
*106% 107%
102%
102%
;
98 vi
98
■■
'i
,
102%
*102%
•
98%
"V
100
*102%
F-A
J-D
4%s
'
38
60
39
7
'
23%
38
40
*100
F-A
'949
loan
external
37
30%
-
7
,
48%
30%
i
.
'
55%
22%
64
38%
37
37%
L L"
52V2' 53
.
23
Lw:
,
64
52
:
'
54%
'•.
M-S
949
''
:
M-N
1944
',.L
■
52
4
18
21
38%
37%
>36%
M-N
1951
7s
Sinking fund 5 Vis
10Ti~ 10~2~7~
*104.26 104.28
F-A
1977
External
104.7
104.20
M-N
.1953
(Rep of)
(Republic of) 5s of 1904___,.
.4%s
*101.31 102.1
A-O
1952.
62%
62%
'46
46
••
46%
62%
'
1
V!'
'
External 5s of 1914 series A__
102.13
107.8
.
;
V
62
J-J
1947
:
25-year gold 4%s
A Costa
Cuba
24%
16
2
29
*25%
A-O
1946
Mtge Bank 6%s
•
100.22
100.15 -10i:4
104.30
23%
17%
'
•
A-O
1961
,1947
ASinking fund 7s of 1926
ASinking fund 7s of 1927,
Copenhagen (City) 5s
100.21
1961
1970
$ bonds
A Colombia
*107.6
*104,5
Oct
Jan
..
f
s
104.20
101
100.3
100'!
external
104
104
*106.22 106.24
—
1928
1927
A6s
107.23
103.24
100.22 100.22
—
-
of
of
107.6
106.20
100.10
17%
24 %
17%
17%
24%
24%
17%
(Republic of)—'
a 6s
100.3
100
—
(Hukuang Ry) 5s
Colombia
■
Munlc 7s
25
17
23
112.20
108.26
*100.13 100.15
:
a
106
'
17%
J-D
108.21
assented
25%
'/4
19%
'
18%
17
Chinese
112.6
a 6s
*106.28 106.30
•
-
24 %
17%
M-S
111.26
•
24%
19
-1
\h'' 23
•'
.1960
108.15
107.3
17%
18%
18%
'
•
A 7s assented
112.11
*107.19 107.21
*104.3 104.5
19
1
,
17%
A Chilean Cons
:*107.1
—
v-
3
18%
.19
*17% 18%:
M-S
109.11
'
12
19%
19
.1960
108.10
*103.20 103.22
'V
A-O
,■' *i.:
-Z-:
*109.21 109.23
*112.16 112.18
A-O
20%
M-N
104.26
107.10
*112.4
J-D
20%
■
1
M-N
103.21
107.6
26
25%
26
18%
.1962
107.10
lo7.10
High
18%
19%
:
,
.1962
*107.6
—*112.9
J-D
1961
6%s assented
AGuaranteed sink fund 6s
-I!.
J-D
.1961
.ASinking fund 6%s
Low
12
20%
'20%
M-N
.1961
110.27
20%
J-D
.1961
110.13
'"•
'
M-N
.1957
A6V2S assented
AChile Mortgage Bank 6%s
January 1
No.
20%
~
V
A-O
.1957
106.30
Range Since
Sold
High
A-O
:
.1963
103.3
*106.8
—
.1963
assented
101.31
105.29
112.1.3 112.13
■
1962
.1962
Bonds
Friday's
Low
135
Vi
"
—
104.20
*101.16 101.18
101.11
100.14
101.2
*101.6
101.8
100.15
101.1
*100.28 100.30
100.23
100.23
*100.21 100.23
„
100.26
*101.9
__
100.9
100.30
100.12
100.29
105.8
103.16
103.16
101.8
100.9
*101.6
wks
5%s
A Czechoslovakia
(Rep of) 8s
ASinking fund 8s series B
.
ser A
External
series sink
fund
1942
A»-S
M-N
1st
5%s
101.6
102.28
102.7
*101.14 101.15
V
5%s 2d
AEstonia
75
•
M
Y'
56%
30%
•
58
1
47%
74
70%
4
45
ih
65
"
65
3
; 42%
*82%
;!
•
„
38%
/
'"
70%
70
•
•
^4-''.
70%
A-O
69%
7.
•
^
*87%
'
66%
■87%
86 %
72
•
.'
*87%
'
;'
w—
'
.1961
A-O
.1969
series.,,,,
A-O
1967
."'
S
'
J-D
<1 '1
*
-
87%
1
72
88%
87%
5
72
88%
'*»' '
*
M-S
1949
+*■*+"
J-J
1943
7s.._____
87%
87%
M-S
.1969
series
(Republic of)
——
A-O
■'
•
*58%
'Li-' ■"
M-S
1940
.1940
5%s__-
Customs Admin 5%s 2d series,
*l<dl.4
A-O
•1
■
"*-L:
*58%
•*
:
F-A
1962
JADominican Rep Cust Ad 5%s
J A 1st series 5Vis of 1926
Y:'
A-O
J-J
1955
gold
*137%
'.
A-O
1942
5%s__
External gold 4%s_,
§ A 2d
1951
1952
5 A Denmark 20-year extl 6s
101.12
*100.12 100.14
*105 6'
'•.%/_
100.28
,
—
>30
'
'•
•
18%
•
31
89%
1
30
99
'
*101.4
102.27
102.2
*101.11 101.12
M-N
J-D
100.10 100.10
101.6
Finland
(Republici
extl 6s
French Republic 7s stamped.,.
7s unstamped
1949
City
Transit Unification Issue—
3%
a 6s
100.8
or
Sale Price Bid & Asked
—
AExternal sinking fund 6s
101.13
100.8
Week's Range
Last
Period
:
,
*105.17 105.19
„
Friday
Interest
1
sinking fund 6s
assented
*105.27 105.29
*111.22 111.24
—
;Y,V
■
Exchange
Oct.
(Continued)
*110.23 110.25
J-D
1944-1952
——1945-1947
series A_
l%s
a 6s
,
Home Owners* Loan Corp—
3s
(Rep)
AExternal
114.1
103.29
luO.a
.
J-D
1944-1964
-1944-1949
—
—
112.25
Chile
Stock
Ended
101.13 101.13
el00.9
Mortgage Corp—
Federal Farm
High
Week
*1Q6.27 106.29
•„
'M-S
—
Low
*112.17 112.29
J-D
M-S
J-D
J-D
J-D
M-S
J-D
M-S
M-S
J-D
J-D
No.
High
New York
Range Since
January 1
Sold
*103.27 103.29
A-O
J-D
M-S
A-O
A-O
J-D
J-D
J-D .
M-S
M-S
M-S
M-S
if -
BONDS
Bonds
Friday's
Low
Treasury 4%s_.—
Treasury
or
Government
S.
U.
Period
1
Oct.
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions of
In the week In which they occpr. No account is taken of such sales in computing the range for the year,, .*
In each case the month when the bonds mature.
Sale Price Bid & Asked
:■
YEARLY
-
Week's Range
Last
Interest
Exchange
New York Stock
WEEKLY
-
"and Interest"—except for income and defaulted bonds.
and when outside of the regular weekly range are shown in a footnote
NOTICE—Prices are
the week,
Monday/ October 4, 1943
*88
Xw:- ••'
99'
*100%
:
—•:
—
'
J-D
109%
109
103% 109%
67
109%
Greek
>>
Government—
A7s
part
paid
.1964
mmm''
f 6s series A-..1952
s
v
•
100
i960
A-O
Irish Free State extl
'•; Li—-
!.
23%
23
22%
9
12
24
78
•"! '■
'
A-O
Helsingfors (City) extl 6%s
15%
10
23
22%
'•
1968
(Republic)
'
97
;
paid
part
A 6s
Haiti
-
.r;
Y>>',
:
,,
vV
——.,1980
•
,
78
8
68%
85
i»
•
>>■
78
62%
70
85
97
11
20%
2
15%
23%
2
82%
92%
■
,
'
1960
M-N
AJugoslavla (State Mtge Bk) 7s___1957
AMedellin' (Colombia) 6%s___„__1954
A-O
J-D
21
21%
(Prov) 4s readjusted_.__.1954
J-D
92
92%
*11'
11%
*15%
16%
15%
15%
10%
11%
Mcndoza
Mexican
Foreign Securities
A4V28
(US)
AAssenting
AAssenting
JSATreasury
Members New
Telephone
120
2-2300
'
AMontevideo
1-1693
A 6s
New
South
External
Foreign Govt.
& Municipal
AGtd
(King of Norway)
F-A
A-O
44
55
46
54%
*54
M-S
54%
*62
coll 7s A__,—1945
(Dept)
AAntioqula
54%
.-1947
—1948
sink fund 6s
J-J
19
15
15%
24
15
—1945
J-J
18%
19%
15%
s
f 7s series C,._—__1945
J-J
19%
19%
1
10
f 7s series D—_ 1945
J-J
19%
19%
4
15%
24
19%
1
15%
23%
A
External
f 7s series B
s
19%
series—1957
A-O
AExternal sec s f 7s 2d series—1957
A-0
18%
18%
16
23%
f 7s 3rd series__1957
A-O
*19%
20%
16
23%
J-D
*42
60
42
59%
AExternal
AExternal
A
;
•
J-J
*14
J-J
*16%
•
13%
12%
32
17
12%
12%
3
•
9
18%
12%
11%
•.
17%
"
14
19
29
29%
26
18%
32%
29
29%
41
18%
32%
89%
93
18%
'
*90
M-N
*84
84
85
—,__1957
F-A
*88
82%
9/%
—1958
f 5s
s
f
A-O
5s..
external
1944
6s
4%s__—^—1956
External
sink
fund
4%s„.
92%
98
92%
*100%
M-S
82%
94
100%
3
101%
85%
,
98
98%
95%
95%
F-A
93
93
80%
93
,1970
—1955
J-D
*87
97
71
87%
83%
72
83%
90
72%
73
,1965
f 5s:
s
92%
F-A
93
,,.1963
sink fund extl loan.,
(City) sink fund 4%s
24
s
V
95%
A-O
83%
A-O
83%
12
77%
1
96%
24
AExternal
AExternal
J-D
••■'
J-D
fund
Oslo
4,
(State)—
Municipal Bank extl
19%
Q-J
Q-J
9
M-S
A.
Wales
s
M-N
,,,1952
sink
4s
■
—
+T-.
.
—.,,1959
7s
External
4s—.-1968
sink fund 6s
AGtd
Akershus
Norway
(Colombia)—
4--U
.,1959
(City)
series
External
Agricultural Mtge Bank
."
L
'
M-S
ASec external s f 6%s;
Teletype
NY
*94%
1958
ASec external s f 6%s—
New York
•"
*65%
"V w-■"
(State)—
Mlnas Geraes
York Stock Exchange
Broadway,
assented—
1943
extl 5s of 1899 £
1945
5s of 1899..
._„1945
4s of 1904
1954
4s of 1910
.1945
6s of 1913 assent
1933
stamped
AAssenting
REctor
••
Irrigation—
AMexico
Wertheim & Go.
f 5s_,_.
a
f 7s
s
s
sec
1st
(City) external 5s_,—-1958
(National Government)—
external 4'/2s—
—1948
Antwerp
1
f
S
8
1971
,,1972
—1972
f conv loan 4%s
t extl conv loan 4s Feb
Si extl conv loan 4s Apr
(Commonw'lth) 5s of '25-1955
Australia
External
External g
1957
1927
of
5s
—1956
4%s of 1928-
Belgium external 6%s—
—1949
—1955
M-N
99% 100
100
M-N
93%
F-A
84 y2
M- N
88%
External
s
f 7s—:,———.,—1955
J-D
99
%
J-D
1941
AExternal
s
f 6%s of 1926
AExternal
s
f 6y2s of 1927
(Central Ry)—
A 7s
(City) s f 5s
Brisbane
Sinking fund gold 5s
Sinking fund gold 6s_
Buenos Aires (Province of)—
A 6s
stamped
1957
1957
1952
——1957
1958
1950
.
3s
A-O
46%
A 6s
A 6s
19
83%
94%
88%
99%
88%
5
79
99%
91
96%
100
2
96
%
97
.
100
99%
100
51%
53
58
36%
53%
d45%
47
43
34
50%
M-3
90%
F-A
90%
46%
47%
11
34
51%
47%
27
34%
51%
90%
2
87
95%
90%
5
83
94
87
97
'90
89%
94%
J-D
M-S
*95
99
92%
95
M-S
75
76
20
•68%
78%
F-A
75%
76
4
69%
78
75%
76%
79%
80%
A-O
75%
M-N
*55
J-J
61
70
3
79%
71%
13
..
'
80%
48%
60%
109% 109%
43
107%
111%
105% 105%
10
101%
107%
J-J
102% 103%
4
97%
104%
M-N
102% 102%
12
97%
104%
103% 103%
*104% 105
2
301%
103%
101%
105%.
104%
11
100%
105%
15
1948
15
1953
1958
J-J
,1954
External
f 7s
104
104
24%
J-J
6s
M-N
s
M-N
20
20%
A-O
21%.
21%
A-O
1961
F-A
Feb
f 6fc_.
assented—
sinking fund 6s
assented
see
1961
F-A
Jan
1961
.Jan
1961
J-J
Sep
1961
page
20
M-S
1368.
1961
M-S
20
21%
J-J
.Sep
24%
26
33
18%
25%
1
20%
26%
*21
I960
Feb
18%
20 %
24%
1942
I960
fund
assented
footnotes
J-J
1942
s
assented
sinking
109%
J-J
15
(City) 8s
ARy external
A Extl
93
A-O
A 7s assented
A 6s
94%
J-J
AExternal sinking fund 6s
A Extl
85%
82
46%
J-D
Jan
,
Fcir
d45%
Jan
—
A 6s
85%
79
24
103
*99%
55>
A-O
Jan
2%s
3s
(Rep)
78%
83
93
1987
—1968
30-year 3s
30-year 3s
A Chile
84%
84%
92%
1960
30-yr 4s
3%s
ACairlsbad
93%
1961
(Dora of)
25-year
101%
84%
20%
21%
Apernambuco
20
20%
20%
46
18%
25%
21%
20%
21%
1
20%
25%
20
20%
15
25%
18%
25%
88%
88
73
;■
90
104
*104%
104
26%
52
14%
28
20
55
13%
24%
18%
19
302
12%
23%
18%
18%
79
13
23%
23
23
14%
14%
5
14
17%
17
18%
27%
19
M-S
M-S
17%
3
15
20%
A-O
*16
A-O
*14
—1947
A-O
*21%
A4%s assented—...——;—1968
A-O
J-J
f 6s 1st ser
s
AStabilizatlon loan s f 7s
AExternal sink
fund gold 8s_.
1950
A4%s assented.,.
1963
APorto Alegre (City of) 8s—.—,,1961
.,.1966
AExternal loan 7%s
APrague (City of Greater) 7%b_„1952
Queensland (State) extl 6s
1947
ARlo de Janeiro (City of) 8s__—1948
A Extl sec 6%s
1953
Rio Grande do Sul (State of)—
A 8s extl loan of
A 6s
1921,,,.
—,,1940
external sink fund gold
A7s external loan of 1926
loan—
fund 4s
ASao Paulo (City of Brazil) 8s
A6%s extl secured s f
J A San Paulo (State) 8s
...
municipal
Santa Fe external sink
A 8s
extl water loan
.1956
A 6s
extl dollar loan
,_1968
,
f 7s_
,1940
Serbs Croats & Slovenes (Kingdom)—
A8s secured external—.
1962
A7s series B sec extl
1962
ASilesia
s
(Prov of)
extl 7s—.—.1958
1958
A4%s assented™
Sydney (City) s f 5Vis
——1955
A Uruguay (Republic) extl 8s—.—1946
AExternal sink fund 6s
.—,1960
AExternal sink fund 6s
—1964
(S bonds of 1937) —
12%
17
17%
30
17%
30
54
100
8
33
67
30
18%
33
16%
30
'*
28%
27
28%
145
33%
20
27%
A-O
28%
13
17
31%
28%
29
5
18
31%
17%
31
*28
conversion—;
3%-4%-4 A extl conv
4-4%-4%s extl readjustment
1979
30
33%
80%
80%
81%
47
73%
82
M-N
30%
30%
30%
3
18%
34
28
29%
31
17%
33
M-N
*26
J-J
36%
,
.
■
52%
J-J
35%
37%
7
32
48%
M-S
34
34
2
29%
48%
35
35
8
29%
46%
69%
69%
6
62
72
18
18%
10
10
20
J-J
A-O
69%
M-N
17%
18%
6
11
J-D
14%
14%
1
11%
14%
J-D
*10%
11%
13%
F-A
*94%
M-N
18%
F-A
94%
88
85%
,
87
78
.
*86
85
84
95
*88
M-N
19%
88
64
72%
'
*87
M-N
M-N
68%
68%
—
:
69%
32
1979
M-N
61%
69
1978
J-D
65%
65%
3
60
68
1978
F-A
69%
69%
3
66
3,%s extl readjustment
;—:—1984
(City) external 7s._
1958
A4Vis assented
—1958
A Warsaw
20
M-S
3%s-4^4%s
readjustment,,:
45
90% 100
33%
27%
F-A
J-D
1964
1952
1957
1936
3
13
14
29%
100
'30%
A-O
.,1967
28
16
*45
M-N
F-A
M-N
14%
*28
28
J-J
J-D
A7s
5 A Secured
14
J-J
J-D
1968
1960
————:1950
external
External
26%
88%
—1940
1958
s
lAPoland (Rep of) gold 6s
A4%s assented
External
20
1947
1959
70
"
88%
A-O
25%
1
:
*83
M-N
J-D
f 6s 2d ser,.—1961
26
22
M-S
7s
external 7s
ANat Loan extl
18%
21%
1967
*83
M-N
J-D
20%
20%
f 5s ser A.1963
.,1963
to.,
1994
1960
2
20
s
ext
(State of)
(Rep of)
ANat loan extl
74
21%
20
3%s
mod
Ext sec ref 3Vis series B
A 7s
1961
——1977
1978
1970
,
External s f 4ya-4%s
Refunding s f 4%-4%s
External readj 4%-4%s
External s f 4%-4%s————1975
3% external s f $ bonds
1984
Canada
J-J
96%
18
83%
;
*99
M-S
f 6s——
17
92%
92%
M-S
s
93%
83%
A-O
J-J
External
SABrazil (U S of) external 8s
92
extl
(Rep)
AStamped assented 5s___
Stamp
Aperu
Argentine
S
APanama
J-J
*65
..
-
52%
*59
F-A
*10%
*10%
12
66
12
14
F-A
72%
__
13
10%
13%
Volume <158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
NEW
BONDS
York
New
Week
Stock
Friday
Exchange
Oct.
Ended
i
/
or
Sale Price
Period
BONDS.
Friday's
Bonds
Range Since
Sold
January 1
Bid & Asked
Low
High
Vo.
Low
Week
A
*68%
,1953
cons
series
B
68
fSACarollna Central 1st gtd 4s.
Clinch Si Ohio 4s
Carriers & Gen Corp 5s w w-
with
warrants
48%
Cart
76%
& Adir 1st gtd
gold 4s._—. .1981
Celanese Corp 3 %s debs—iu— .1962
104 Va
■103
103
y4 106
102
102
A 1st
101%
105%
SAConsol gold 5s
2
108
110
84
62
ARef & gen 5 %s series
B-,»—, .1959
A Ref &
gen 5s series C
;
.1959
AChatt Div pur money gold 4s-. .1951
101 y2
*104%
__
109
109
77
assented_.,.,,_1948
83'/a
1
*75 y2
100
*99%
•'
62
—
100
83%
69%
94%
10
A Mobile
100 s/a
_Nov
Div
1st
Central
modified——
A 5s
99 y2100
—1950
—
income—..—i
60%
172
53?/4
94
104
Allis-Chalmers
107 y2 108
&
Mfg conv
Foreign Pcm
Amer I
G
Chem
Called
—1952
is
deb 5s—_
—2030
3%s
Telephone & Telegraph Co.—
debentures—————-1961
3%s
debentures:
3s
Tobacco
Wat
Am
deb
Co
bonds
Oct
1st
109%
179
income
C( Del >.1957
'•
*
..
71%
A-0
1171/4
—
105
—r
98%
AO
'
;
Adjustment gold 4s
—,—1995
Stamped 4s———,—————1995
Conv gold 4s of 1909—,
.—1955
Conv 4s of
51%
77
102
105%
Atl Knox &
Nor
Atl & Charl
A
1st
1st 4s_—:
1035/a
113%
1st gold 5s
—-1946
Atlantic Coast
1st
M-S
4s—_July 1952
cons
unified
General
4%s A————1964
t & N coll gold 4s—.—
J-D
Atlantic & Danville Ry 1st 4s—,
Second mortgage 4s
1952
1948
1948
J-J
Atl Gulf & W I SS coll tr 5s
1959
J-J
Refining deb 3s—
M-N
—1953
111%
105
*
66
79'/4
57%
933%
80%.
393/a
100
63
105%
74%,
88
3
-32%;
16%
36
"l
106%
:
65%
65
20
'953/4
34
111
48
83
98%
94
17
71%
95
67
155
55%
713/*
66
2
65
72%
1992
M-S
136%
136% 136%
11
—_1996
130%
M-N
137%
106 ya
106%
30
F-A
102%
108 3/a
106 y4
1063%
47
102
108%
29 %
%
40
100%
105
105% 1053/4
104
J-J
J-J
1st
cons
Division
4s
100% 101%
*120
36
92% 102
21%
213/4
'
V,
309
99% 100%
111
115% 119%
153/4
31%
100%
J-J
104
92%
100%
93%
103% 104
27
*1041% 101%
100
96%
104
97% 101%
—1958
mtge
M-S
973/a
72
81
1977
F-A
80%
80
8034
155
65
19.71
84%
F-A
90%
90
903/4
48
73%,
92%
inc
(conv);,————1997
J-J
J-J
973/a
J-J
^Chicago Milwaukee & St Paul—
AGen
2
22%
,:
J-J
1949
——
,118%: 121
—
119% 119%
A-0
——1949
registered
A Gen
107
:
1996
•
42%
M-N
963%
42%
43
*124
76%
J-J
gold 5s series B—,-1947
ARefunding 4s series C—
1
1947
A 1st &
gen 5s series A
,——1966
a 1st & gen 6s series B,
.May 1966
Chicago Ind & Sou 50-year 4s—1956
45%
363/4
.,
10
93
3/a
M-N
A Ref
unding
73%
89
•
*35%
.....
-4/
M-S
104%
*103% 104%
;v
—
26%
66
t A Chic Ind & Louisville ref 6s A-1947
103 5 a
102 V4
55
64 3/4
v
—
1023®
89
'
110
2
39%
1
'-.<
80
'
38%
93
Chicago & Erie 1st gold 5s—
—1982
Chicago Gt West 1st 4s series A—.1988
A Gen inc
mtge 4 yas—
—2038
108
114%
109%
HI
88%
*.
16%
Chicago & Eastern 111 RR—
111%
104
111.3/4
102 5/a 103%
v65%
J-J
Atlantic
Oct
.89
71
100%
1st & ref 4%s series B
1st & ref 5s series A—
107 s/a
105'/a
*102382
102 s/8
<
95%
3
111%.
*107
J-J
,
403/4
28
M-S
—;
General 4s
107
16
108
J-J
1944
85%
18 y8
95
gold 4s—1989
A Div
4s
ill% 120%
116
112% 112%.
J-D
L 1st 4%S A——1944
30-year 5s series B—,
*104':
112%
112 ya
71
155
F-A
Illinois division 3'/as-—i——1949
3'/as registered
^
—1949
.
111%
J-J
110%
'30
95'/a
Chicago Burlington & Qulncy RR—
107%
1083%
1
*111
J-D
1958
18
28%
A-0
t AChlcago & Alton RR ref 3s,_1949
106%
18
105
111
J-D
'
.
*92Vo
V—
a-0
2d consol gold 4s—1989
1021/a-
/,
1033/4
gold 4yas—
'
■
106
,
;ios% 105%
J-D
1910—-——I960
Trans-Con Short L
105
1053/a
•
J-J
*.R &
74
61
11
119% 119%
Nov
M-N
———1955
gold 4s Of
Conv
1905
119%-
3
83%
37%
106% 106%
.
F-A
—,1946
Illinois
"General:-:4s—i—,—:——1995
20
.
Ref & impt mtge 3%s D
Atchison Topeka & Santa Fe—
'■
19 3/8
53
_ry-to
Ref & impt M 3%s series E_
Potts Creek Br 1st 4s
109%
40
■
Iliyall3y4
General
1-!
105 V'
26
.
105%
105
113%
71%
77
*102%
105%
193/4
35
.
111
82%
50
,
26%.
J-J
&
Chesapeake & Ohio Ry—
101%
8
109/,.;
70%
J-J
—1978
debentures
/ 107%
Jan
(Del) 4s B——1955
series
107"
100%
101%
f
6%
110%
110y2
140
F-A
7s
107%
1153/4 116%
Ark & Memphis Ry Edge & Term 5s 1964
4s
,■
90
6%
27%
28
<
57%
68%
23%
172
:
49%
28%
111
28%
1987
Banking—
§ A5s stamped
——1942
30%
36
153/4.
102'/«
182
14
83%
60%
101'/a
14
16
28%
107
105 y3
55
41%
*43
101
102%
8
4Qi/a
15%
105
110%
48
41%
registered———————1987
Central RR
107%
107%
103 3/a 1033/4
v—
-M
High
62
107%
12
'
'
J-J
:
1
"
104%
86
J-J
—1962
1
15
v,
Range Since
January 1
■'Low
3
83
A-0
1st ref
No.
86
J-D
"!
Sold
1011/4 102%
50%
52
~-
J-J
gtd gold 4s_1949
Through Short L 1st gtd 4s—_1954
Guaranteed gold 5s———
1960
,
8
116
—
A-O
,-1987
Central N Y Power 3%s
100 3V
69
103%
M-N
'
A-O
3%s——1966
4s
Central Pacific
108 3/4 109%
A-0
gold 4s—i.——1995
fund
/;
106
ft"
104
-—
Armour & Co
sink
5
100
•
52
F-A
1st gtd 4s
—1961
J gen gold 5s_
.1987
N
registered—
4s
91%
,103%
5
M-S
3s—:—;___1962
15)
Q-J
M-S
1st
110
78%
69%
108% 1083/4
J-D
Wks & Elec 6s series A—1975
Arbor
106
105 3/a
15
if
M-N
"■
.1946
Certain-teea Prod 5%s A
A-0
AAnglo-Chllean Nitrate deb——1967
Ann
102
7
89%
5s
AGeneral
"•%
.
1966
debentures—1956
conv
Called
6
138
y2105%
105% 106
American
Amer
62
100 A 100 %
Corp conv 5.V2S— —Il949
Am Internat
2
104% 105
1)——
(Nov
665/b
88
5%s_—.. -—1949
conv
bonds
66%
1945
Eng
fACentral of
95
94
93
New
100
.
65
Alleghany & West 1st gtd 4s— —1998
Allied Stores Corp 4%s debs— —1951
Am
70
95
"935/a
—1950
237
Illinois Light
t A Cent
modified———_—; —1949
J-J
J-D
.1945
gold 5s
55
104
;
'
99
93%
—
mtge 5s
*52
J-J
'
...
Alleghany Corp—
5s
F-A
Celotex Corp 33/4s debs.
—v—— .1955
a Cent Branch U P
1st gold 4s,
.1948'
tCentral of Georgia Ry— • > .V,
■
Bonds
High
103% 103%
109% 109%
1063/4 1063/4
M-S
M-N
102
Friday's
Louj
,
J-J
.1950
*—
,1943
Albany & Susquehanna RR 3%s_„1946
3%s registered-,-.-!
.———-1946
5s
.1949
.1965
—
102
Albany Perfor Wrap Pap 6s—„__1948
6s
69
71%
or
Sale Price Bid & Asked
/
103% 103%
3%s ser A—:_L_-....-._'_1967
Power 1st mtge 3%S-__,1972
Alabama
64%
Week's Range
Last
Period
*1023/4 103 %
mtge
4s
Interest
1
*104% li_
10-year deb 4V4S stamped,,.,—1946
Ala Gt Southern 1st cons A 5s_.„1943
1st
Friday
Exchange
Oct.
Carolina
unstamped
AStamped
;—
1953
Adams Express coll tr gold 4s_____1948
Coll trust 4s of 1907
—1947
1st
Stork
Ended
High
JAbitibi Power & Paper—
series
New York
•//*•
Railroad and Industrial Companies
§A5s
1365
RECORD
Week's Range
Last
Interest
1
YORK BOND
<'
44
37
32
473%
118
—
76
124%
76%
43
99%
38
66
76%
44
13
38%
48%
46
50%
46
31%
51%
J-J
47%
45
50
167
31%
50
J-J
45
47%
42
46%
125
29%
M-N
11
10%
IP/4
108
63/4
J-J
11 Va
10 3/4
12
114
63/4
J-J
*85
90 3/a
15%
153/a
66%
93
.
B
Baltimore
4
1st
mtge gold 4s
July 1948
—
Stamped modified bonds—
1st mtge gold (int at 4 %
Oct
r
due
1946)
1
Dec
1
■•
A-O
68%
67%
68%'
140
59%
753/i
to
70
40y2
65
69
170
44%
71
4l/2s
series
E
J-J
70
69
70%
70%
45
71
J-J
70,
69
70 y4
66
45%
70%
—1975
F-A
41%
40%
42%
1,658
18%
441/a
adjustment 5s——Jan 12000
A-O
14%
14i%
15%
1,281
4%
16'/4
M-N
57%.
AConv
.
A-O
*
72 </:•
J-D
70%
V
72%
931
:
60%
,
39%
41%
290
*45%
;
43%
45%
109
40%
:
39% -41 %
-
3%s
52 Va
/-
35%
I
.
2000
to
—1996
Sep 1 1946) due-—
A Conv
•
due—
M-S
F-A
Feb 1 1960
,
139%
40%
31%
J-
57
i
/ ; :
gold 4s extended to.:—1951
'S'west Div 1st M (int at 3 % ft
to Jan 1 1947) due
—1950
'j-
32%
.931
.
,-,32%
31%
444
24%
'
■
■
Ref
y
40
41%.
29%
.
'
Pgh L E & W Va System—
.-
AGeneral
-T
4s
„
63%
;
61%
63%
106
51%
J-J
56%
J-J
54%
•V.
'
.
55
56%
54%
■
55
-
52%
70
22
...»
62
46
——
/
V.
Beneficial Indus
23/4s
J-J
!— —I960 -"
1st & ref 5s series C
73%
•
.
A-O
Telep of Pa 5s series B— .—1948
'Bell
74%
J-J
75%;-/"
47
593/4
75%
75%
68
60
75%
*45%
■•■,'■
;
*965/a
99
45%
V"1"
32
59
33%
59
34
63
M-N
60%
59
60%
214
33%
64%
98 y8
27
1033/4
1
1033/4
12
100%
1
102%
—1944
J-D
mtge
'
—
'!
:
■
,•'..
■
.
""
103%
102%
92
92%
''/I "3
101
"I ;
'
A-O
101V2
12
*90%
8(1
85
27
73%
48%
83
393/4
58
w.;V
39
39
2
23%
46
108%
111
103%
105 y8
M-N
104 y4 104%
M-N
108
gold 5s__——
109'/a 109%
*1005/a
F-A
A__——1947
1950
96
95
M-N
Buffalo Gen Elec 4yas B—.——1981
7
104%
41
83%
(interest
A
Cin
due
99
1103/4 111%
110
10
115%
109
M-N
44%
43%
A-0
.—1934
—
44%
19
deposit——
Union
California-Oregon Power
A-O
—1955
*86%
4s_
35%
503/4
59
18%
11%
11
2
23%
gold 5s
Guaranteed gold 5s
Guaranteed gold 4%s
-Oct
1969
..
J-J
J-J
1969
15
J-J
page
'
'
21
58
74
81
1
77
88
95%
117%r
-■
109%
953/a
•"
'
.-
4
3
35
:57%
33%
32
1,047
19
34%
M-S
36%
36 '/a
33%
37%
M-N
9%
9
J-D
93/4
92
92
156
-.1
163
14
33%
Debenture
20%
73%
73%
62%
55
55%
[74
49
,62
M-S
793/s
■
*—
—
68
53%, 171
59,
1952
4s—
J-J
110% 110%
35
107 %
l'103/4
1041/4 1043/a
13
100
1043/4
103
103%
47
104% 104%
103%
94%
105%,
8
97
105%
.,1962
M-S
1943
A-0
58
53%
58
140
41
97
A-O
58
52
58
58
38
168
1957
M-N
■
.
521/4
F-A
1967
——
110
J-D
1st
*111%
M-N
52%
110
110
F-A
J-D
^,—1993
3
J-D
85%
85%
*92i/a
1991
-
J-J
1990
-
M-N
*8iy4
J-J
108
19
107 %
109
3
113%
118%
*
.
5
117 3/a 117%
*116V8 116%
gold 4s,
113
113%
3
112%
112% 112 3/4
14
84%
.
IO43/4,
99%
85
C
Series D
71
ref
4y2s series B
54
146
7
82
'90 3/a
463/4
•61
46
f 5s series B
s
58%
65
108%
32
1063/a
83%
109%
105
—
108
J-J
II
108
108
•I1
*107
105
105%
—1961
A-O
95%
95%
953/,
19
71
^99
—1972
A-O
94
94
65
75%
<94
1973
'—,1977
A-O
84
91.1/2
82%
84%
115
64%
A-O
73%
721/2
74'/2
94
593/,
'78
1033/4
104
gtd 5yas
s
*107%
'*106
F-A
1981
1st gtd 4%s
(89 %
85%
„
58%
F-A
—1977
f 4yas series C
gtd
Coal River Ry 1st gtd 4s_—
Colo Fuel & Iron 5s inc mtge
—1945
t A Colo & South 4 %s series A
1980
ACertificates
Columbia
G
&
of
E
J-D
1970
*103 3/a
A-O
5s
—
90
1st
extl
118%
Debenture 5s__
Columbus & H V
110%
114
Columbus & Sou Ohio El 33/4s
Columbus & Tol 1st extl 4s
112
1133/4
71%
102 3/a
1043/4 105'/a
15
95%
105 %
31
91
101%
88%
105
ACommercial
Income
deb
M-N
5214
M-N
103%
J-J
103%
52 %
May 1952
118
6
•
deposit-
deb
119%
22
995/),
85%
57»/4
53%
M-N
—
1133/4
102 5/a 102%
99/4
108 5/a 1103/4
109% 3,12%
:i
Pittsburgh RR—
3Vas gtd,^
—1948
3y2s, gtd
—.1950
113%
.
573/4
28% (55%
108% 111%
1103/4' U2
&
General 4yas series A_
&
J-J
—.1970
111%
.
.
113%
F-A
4s_
Cleveland Elec Ilium 3s
Gen
-
110
*1131/8
1977
Series
2
Ry—
.,'—1993
1st coll tr
.
,
■>
gold 4s___
1
•13%
.,92%
|75
J-D
5s
mtge 3%s_,
Cleveland
40
4%
70
1st 5s_„1960
5s
Union Term
L Div
58%
68
J-J
General
60%
284
543/4
91%
30
52%
59%
289
80
865/a
,933/4
96
118%
F-A
M-S
79
111%
J-D
J-J
'
109%
107% 107 %
.
J-J
108%
10 '
116% 116%
116 3/4 116%
'•—:
7
'
117% 117%."
107%
A-0
.1960
1368.
"'
J-J
.1954*
4%s
46%
55%
543/4
Ref & impt 4%s series E
88%
74
109
J-D
.1955
5s
see
A-O
,
.1970
gold 4J/2s
.1956
Guaranteed gold 4y2s
.1951
Canadian Northern Ry deb 6y2s__. .1946
Can Pac Ry 4% deb
stk perpetual.
5s equipment trust
ctfs—
.1944
trust
A-O
.1962
.1957
-July
Guaranteed
footnotes
55%
541/4
.«'• General 5s series B
22 Va
81
73
74
A-O
.I960
4yas
5s
Guaranteed
For
60
*72
Cleve Cin Chic & St Louis
110'/2
81
J-J
1960
gtd 5s A
National gold
Collateral
15"!
60
J-J
1st
gold
49%
4
J-D
com
1st
trust
23
1,496
,1963
Cleve Union Term
Coll
104
14
mtge 3%s series F—,/,1963
Cleve Short Line
cons
45%
123%
Station—
& West Indiana
St
132
19%
18%
1952
5s_——
gold
44
13% !
Cin Wab & M Div 1st
——1957
Bush Term Bldgs 5s gtd
Guaranteed
45%
1:
gtd 3y2s D—,1971
1st mtge gtd 3%s series E—,1969
at
Bush Terminal 1st 4s——
Canada Southern
49%
J-D
JAChoctaw Ok & Gulf cons 5s_—1952
Cincinnati Gas & Elec 3y4s—,—1966
96%
105 y2
fBurlington Cedar Rap & Nor—
Canadian
22%
J-J
guaranteed 5s_—Dec 1 1960
tAChilds Co deb
109'/8
96%
105 y4
J-D
Niag Elec 3y2s series C—1967
of
130
—1951
1st & ref 4%s series D—
Buffalo Rochester & Pgh Ry—
ACertificates
46
—1951
mtge 3%s series E—
1st
1st
44
103 y2
3/a
*104
F-A
Buffalo
Consolidated
44
—
J-D
1st lien & ref 5s series B———1957
§ A 1st & coll 5s
46
863/4
47%
Bklyn Union Gas
1st cons gold 5s_1945
1st
1
Chic
91
84%
48%
M-N
'
48%
■; ■:
F-A
ACertificates of deposit—.
92%
F-A
1955
Income
101%
84%
Bklyn Edison cons M 3%S-/--—.—1966
Bklyn Union El 1st gold 5s—1950
1946)
78
23 Va
J-D
gold 4yas„1960
Chic T H & Southeastern
103
M-N
4V2s ser A—July 1970
series
78
92%
J-J
—1960
4s series RR
JABoston & N Y Air L 1st 4s„
to
39%
138
AConv
Chicago
*_-
M-N
1st
3 ft
45
47
of
3%s
59%
72
A-O
1053/4
105%
105% 105%
M-S
modified
35%
69 s/a
M-N
•
Chicago St L & New Orleans 5s,_^_1951
103
gold 4%s series JJ„——_ —1961
Stamped
60
a/,
44i/2
deposit,.
—§ ARefunding gold 4s—l,———1934
§ASecured 4y2s series A———,1952
105%
1st
Debenture
47
105%
1955
os
ACertificates
Memphis Div 1st gold 4s__
28
104 s/a
J-J
1st 5s A C——. —1967
ref
72
J-D
stpd
—1927
5s
—
101
100% 1003/4
104%
series II——_—-
&
1st
Gold
1003/4
Big Sandy 1st mtge 4s_—
lien
Railways
part paid..
100%
104% 104%
1st
,
*58%
M-N
J-D
—.—,1949
99%
'"-A
Alnc mtge
AConv 43/4S series A
5
3y4s series H— —1965
5s
M-N
1936
100% IOO V2
101% 102%
1st M
-J987
gold 5s———May 1 2037
1st & ref 4yas stpd—May 1 2037
1st & ref 4%s C
May 12037
.:
F-A
Boston & Maine
'
ref
&
96 3%
"
Consol mtge 3%,s series F_— —1959
1960
Consol mtge 3s series G—
mtge
A4%s stamped,
gASecured 6%s_——
1321%
A-0
debentures———;
Beth Steel 3V2s conv debs—
Consol
M-N
65
1041%
A-0
61
151
82%
1952
60
60
58%
128 3/4
: —1956
32%
30%
33%
60%
100%
J-D
27
136
58%
57 3/a
15
-
57%
58
"
57
591/4
23
•;
55%
*.,'
583%
58%
129% 130%
100% 101%
.
M-N
60%
p
,$AChic R I & Pac Ry gen 4s—1988
45%'
2y4s—. —1950
Loan
—1987
«
M-N
n
130%
'I;'.
A-0
/*
M-N
tJAChicago
•
J-D
M-N
•••*
61%
74
'
.
1951'
stamped——.—
'
—„l1987
registered—
25%
J-J
—1951
ref 4s_
4s
'
Fed inc tax——1987
A
Bangor & Aroostook RR—
Con
'
•
37%
40 y4
103
4s_—
AStpd 4s
'
A
Battle Creek. & Sturgis 1st gtd 3s„1989
1951
Beech Creek extl 1st gold 3'/aS_
151
AGen 43/4S stpd Fed inc tax,^_1987
AGen 5s stpd Fed inc taX———1987
^ *
.
52%:
Also
-"M-N
Toledo Cin Div ref 4s A———1959
'
.1987
registered—————1987
k
32%
■
"
Sep 1 1946) due
—
(int at lft
Ref & gen ser F
,/•;„'
May 1 1989
tChicago & North Western Ry—
AGeneral gold 3y2s
773/4
'
'
'
'Ref & gen ser D (int4at 1% to
40%
J-D
M-S
(int at
1946)
433/4
32
69s/a
to '
—July 1948
1%%
'
due———1995 :
ser C
1
Dec
123
64%
J-J
AMtge gold 5s series A,—.
"
,
.
(int at 1% to
due—
—1995
1946)
Ref & gen
:
69%
64
C_——May 1 1989
'
Ref & gen ser A
:
68%
64
series
AGen
•
685/a
J-J
4%s
AGen 43/»s series F——May 1 1989
tChic Milw St Paul & Pac RR—
RR—
Ohio
&
4s series A—
May 1 1989
gold 3y2s series B„May 11989
J-J
AGen
AGen
—1961
gold 4s__1948
8
25%
58 %
44
92%
104 Va
88
103%
—
F-A
Mackay Corp-r»•
w w__
Apr 1 1969
39
102% 103 3/a
*109%
M-S
1955
1093/4 109%
•
1093/4
110%
108 V4
111
112%
I
May
102
101
102
54
Commonwealth Edison Co—
1st
mtge 3%s series I
Conv debs 3y2s_
59%
58%
1031/a
112%
A-0
1970
52»/a
103
2434
105
I
1968
,—1958
*109% 109%
J-D
J-J
115
109%
1113'4
114% 115%
108%
115%
'
THE COMMERCIAL &
1366
FINANCIAL CHRONICLE
Monday, October 4, 1943
NEW YORK BOND RECORD
Friday
bONDS
Week
Period
1
Oct:
Ended
or
& ref 4%s——1951
-1961
Consolidated
s.' f. debs>1953
J-J
3 %s
Cigar
bonds
(Oct.
debentures
^Debenture
Consolidation
1st
deb 4s—1954
4s——-.
——1955
4s——~—-—1956
Coal s f 5s——,—1960
101 Vi 101%
45
105%
56
100% i05%
100 xv 100%
1041% 107 Vi
108
107% 108 Vi
30
105%
107 %
22
104%
104% 105
19
103%
105%
17
31%
51, Vi
33
51%
32
51 Vi
1st mtge
J-J
mtge
mtge
3%s
3
58
1
42
61
J-J
58%
58%
1
47%
60%
64 Va
1
48%
65
J-J
64%
*85%
F-A
gold 4S>_„___1951
,
series
1st
J-J
98%
14
98%
112%
"9
93
98 Va
32%
44
45
38
50%
2
38
52
40 %
1
30
42
36
48 Vi
48
*46
271/4
Power & Light 1st
4tis
ref
&
1st
39%
A
to planj
(subject
Assented
'M-N
series F———1965
Gen & ref mtge 3V2S series G—1966
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
4s__.
————1995
Detroit Term & Tunnel 4%s
—1961
Dow Chemical deb 2Vis——
1950
Dul Miss & Iron Range Ry 3V2S—-1962
ASecond* gold
gold 5s—1937
t§ADul Sou Shore & Atl
.1965
1st M 3Vas—
Duquesne Light
46%
98
22
45
45%
36
58%
60%
41
38%
19
102%
105%
17
104%
107 Va
60 Va
lien
81
ref ,6Vis
; 103% 104
M-S
76%
645
56%
Jones
76%
&
48%
70
92
101%
95%
102%
85
63'A
80%
84%
60
66%
85 Va
9
1%
.*
J-D
■'
3%
3%.
j 59%
J-J
1961
95 Vi
102 V4
100%
107
"l
103 Vi
6
45 %
923
21 Va
45 Va
Kanawha & Mich 1st gtd gold 4s»1990
A-O
Kansas City Southern Ry 1st 3s___ 1950
Ref & impt 5s—A——>*_Apr 1950
A-O
110
22%
A',v
If
'K
"
li
46%
5%'
105
3%
12%
F-A
4%
4%
5
482
3 Vi
12 Vi
A-O
41%
38%
41%
713
18%
1i
'
*98 Vb
20%
20%
20%
11
6%
97%
97%
3
Kansas City
97%
'•
■
;
—
86
89
J-J
1961
J-J
J-J
Hoppers Co 1st mtge 3VaS>—«.>.—>>1961
Kresge Foundation 3% notes———1950
JAKreuger & Toll 5s ctfs——
1959
M-S
111% 111%
112%
Plain
J-D
106
1
J07Va
Term
1st 4s>_—
*
■
44 %
112%
~3
26
34
99%
25
85%
99%
102% 102%
A-O
51
27
99
M-S'
40
27
27
3
102 Va
103%
106%
108 %
22 Vi
33 v*
*107Vi 108
J-J
*23%
J-J
109% 109%
25
40
109
•
&
ref 5Vis
J-J
*146
148
151%
Coll
&
ref 5 Vis series D>.;>
100%
102
102 Vi
106%
stamped———————1965
A-O
20
MS
*106
,79%
.
79
J-J
100
31
80
*77%
'
38
99% 100%
64
.
J-
5s extended at 3%
'•:
100
100V4
99% 100
61%
47
92Va
61%
90
55
M-N
*107
M-S
*103%
61%
100%
65 Vi
106%
__
J*
78%
105%
110%
111%
117
93 3A
•
»
•'
■'
'
J-J
^
*175'A
^
',
;
■■
.
s
'•
---•
•
•
—
105
*109
/
'
>_
93%
•
w
93 Va
83
86
170'A
106 Va
107
■
174 '/a
105
'
1
■'
.
93%
85
_
'
'WA.
•
-
^
'**.—•
.
■
1105
-
J-J
61
46
62
*94
•
.>
108%
.(107(4 107'A
4
105%
108 Va
103'A 103'A
'■
3
100%
103 %
1%
4%
M-S
M-S
;',»4%.
5
V';—' ;
:
>1960
F-A
f'
97%
97%
101
97%
•
-J 97Va
:i- f'--'s
98
62
85%
99
98'A
101
101
34
85
99%
■
'
98%
101
.
1947
J-J
101
91
3
99%
101%
91
101
6
83'A
93%
80
89 Va
3Vis>>>>1997
J-D
J-D
*86%
Dec
j 64%
65'A
10
52
73%
94%
I 95
95%
12
78
"95%
95 Vi
15
75
95%
2
87
95
88%
89%
86
93
j!,V'
'MM
t
88
Lautaro Nitrate Co Ltd—
>1975
mtge income reg—
J-J
951/2
J-J
Lehigh Coal & Nav s f 4%s A»wl954
Cons sink fund 4%s series C
—1954
95
107 Vi
Lehigh & New Eng RR 4s A——A—1965
A-O
104
99
'•
A-O
F-A
registered——>—i„>_—1997
3%s
A 1st
J-J
69%
16
*85%
1953
to
Lake Sh & Mich Sou gold
Railroad Co—
J-J
39
1*89%
•
.
1943
extd 5s
series C—
Lake Erie & Western RR—
80 Vi
98
Laclede Gas Light
821/i
'65
v
75
74
*57
•
L
Coll
101% 101%
62%
42
111%
110'A
J-D
89'A
,88
70
107% 107%
'
A-O
—
108%
»
98%
61
*114% 120
■
J-J
—
_>>—■
107%
•
J-J
4Vis
M-N
• "
61%
17
.
73%
"■
.
unguaranteed.—1961
Kings County El L & P 6s*>»—>>__ 1997
Kings Co Lighting 1st 5s——>——1954
1st & ref 6%s—is
1954
98 Vi
5
J-D
87
68
;
J-J
J-J
3
106
176
88%
87 Vb
•;
"68
;
1960
110% 110%
llO'/e
06^
; 86
Kentucky Central gold 4si——1987
Kentucky & Ind Term 4VaS———1961
f
Stamped
j__—>i
1961
M-S
J-D
67
96%
"
20%
110%
CO CO
-
41%
J-J
A-O
6'A
94
103%
46%.
M-S
4
9o Va
,
A-O
t§AK C-Ft S It M Ry ref gold 4s>1936
ACertificates of deposit>>i.i>———-
33
60%
95 '/4
,
108%
100%;
103
B——
1995
inc 4%s series A—2015
N Y & Erie, RR extl 1st 4s—,—1947
Ohio Div 1st mtge 3Vis
—1971
23%
,* 84
84
10
100 %
5V/8
AGen mtge
48%
~~2
*
1st cons M 4s series
24%
79%
A
M-S 1
1951
Laughlin, Steel 3V4S
107
Erie
52%
6%
23%
.
102%
101
101
79%
F-A
1st' 4s_*->,—1959
*110%
—>..1962
24%
,
79
*100
F-A
J-J
Debentures 5s>4ii-—•.1955
*107%»
Empire GaS & Fuel 3%S-'
106 Va 107%
106%
M-N
1047
,•>.„
i08%
105'/8
5%
A-O
102%
104
46
45%
M-N
5s
~1
20%
A-O
5s—1956
Ed El 111 (NY) 1st cons gold 5s—1995
Elec Auto-Lite 2V4s debs———1950
Elgin Joliet & East Ry 3ViS——1970
El Paso & S W 1st 5s„——1965
Va & Ga Div 1st
101%
102%
102'/a
103
19%
E
East Tenn
106%
45%
J-J
1st
101
96%
F-A
,
104%
227
44
45 %
j-j
,
45%
108%
49%
J-J
A-O
4s—1948
Minn Nor Div 1st
East Ry
14
103
98 3A
24%
108 Va
•*46'/a
42%
*
Js
Edison 4s
'■'•"
34
*102
103% 103 %
j-j;
tADes M & Ft Dodge 4s ctfs——1935
JADes Plains Val 1st gtd 4%S—.1947
Detroit
56%
.82
105'/a 105%
49 V4
1958
1st gold 5s series
James Frankl & Clear
73%
j-j
1978
series B
ARef & impt 5s
16
102 % 102%
76%
j-j
—
43 Va
96
J-J
Int Telep &.Tele'g deb gold 4l/aS>—1952
*101
J-D
4Vis—1971
1969
60
J
107%;
107
j-j
mortgage
98 74
80
47%
202
A-O
Adjustment 6s series A„_July 1952
5s series,' B,
.>>„+>..fc»l956
tAiowa Cent Ry 1st & ref 4s
4%s»u>—-—1969
t§ADen & R G 1st cons gold 4s—1936
§AConsol gold 4%S
—-—1936
JADenv & R G W gen 5s:
Aug 1955
1st
50%
105%
A-O
f>s series A_>»>
1955
Int Rys Cent Amer 1st 5s B
—1972
48
26%
39
62%
42
45J/a '
*108% 110
A-O
Ref sink/fund
40 Va
42
100% 101
101
A
38
—
J-J
,M-S
Internat Hydro El' deb 6s_>u_x-»ii944
Internat Paper 5s series A 61 B
>1947
„
Va
48
-
*36
A-O
39
27
38
*36%
J-J
A 1st
50%
*46
77
'
38
J-D
A
& Iowa
D
Delaware
49%
A-O
t Alnter-Great Nor 1st 6s'series A-1952
J-D
Dayton P & L 1st mtge 3s——— *970
Upion Ry 3 Vis series B—1965
ADelaware & Hudson 1st & ref 4s_1943
54
49%
Interlake Iron conv' deb 4s>-—-*.-^1947
—
Dayton
52%
53%
J-D
1963
ref 5s
1st
109 Va
110
40%
—1955 1
78 Va
*97%
J-D
A»_»>iil963
Joint
111%
*42%
•
78%
111 Cent and Chic St L & N O—
111%
110%
'63%
95
78%
102 Vi
38
to
1946
ADeposit receipts————— '
A6s series B extended to—
1946
receipts—
3s deb
13
108 Vi
J-J
series A extended
ADeposit
76
J-J
Gold,3%S->»1.
67%
71
101
108
107%
94%
59
75'/a
>1951
.
5
58%
71
5
18
110
54%
^85
135
71
J-J
8
108% 108%
High
56%
42%
F-A
110
13
Low
.
116
94%
■
Springfield Div 1st gold 3Vas_^_>1951
1st & ref 4Vis series C
109%
110% 110%
110%
J-D
gold—..A-——1952 •
Curtis Publishing Co
J-J
102% 102 Vi
4
111
J-D
receipts———-—
receipts—;—
94 Va
Western Lines 1st
j
103
92
108%
J08
M-N
debs———1950
—1955
§ a Cuba Northern Ry 1st 5 V^—-1942
ADeposit
13
:
48
A-O
Crucible Steel 3 Vis 5 f debs
A7%s
:
—
48%
J-D
M-N
•M-N
Crane Co 2,%s s f
Deposit
41%
42 %
January 1
No.
65%
64%
gold 4s>:>»L»i950
$AInd & Louisville 1st gtd 4s
1956
Ind Union Ry 3%s .series B>_
1986
Inland Steel 1st mtge 3s series F>il961
Inspiration, Cons Copper 4s4i—i
1952
M-N
——i—>>—1969
A Cuba RR 1st 5s
107%
100%
300
100 Vi
M-N
3Vis-,—-———---19!?®
1st
"
41%
*41Va
J-J
19J0 *-/,
1st
A
41 Va
Range Since
Sold
49
651/4
F-A
St. Louis Div 61 Term gold 3s»»1951
107%
108%,
106% 109%'
Ind 111
1st mtge 3%s—'-,—.—a-
.
101%
105
J-J
3%s_—»——1965
3 % s-——i——-1967
mtge
100 vi
105
J-J
Bond$
High
M-N
>1953
101 Vi
Power* Co—
Consumers
Refunding 5s__
J-D
J A Con sol Ry non-conv
A Debenture
111
J-J
:
•
Illinois Central RR—(Continued)
40-year 4%s>_———>i.»»>j.-«>1966
Cairo Bridge gold 4s
_»»»^1950
Litchfield Div 1st gold 3s
_„1951
Louisville Div &'Term gold 3VaS_1953
Omaha Div 1st gold 3s>_-^>„^^1951
100% 101
101
Week's Range
Last
or Friday's
Salb Price Bid & Asked
Period
High
114
109
11
Interest
1
Low
113%
-
Oct.
A-O
debentures—
3%s
Ended
A-O
>>—1948
——1956
3%s debentures-—
*>
-1958
Consolidated Oil conv deb 3%s»—1951
3%s
Week
January 1
Low
Friday
New York Stock Exchange
Range Since
2-6
1943);——
1,
No.
*109% now
F-A
debentures———*—-—1940
Called
High
*113%
__
Consolidated Edison of New York—=3%s
Sold
Sale Price Bid & Asked
J- J
Conn River Power s f 3%$ A
Bonds
Friday's
Low
Conn Ry & L 1st
BONDS
Week's Range
Last
Interest
Stock Exchange
New York
Lehigh & N Y 1st gtd gold 4s_.—1945
M-S
94
*99% 100
93%
93'A
Va
101
Lehigh Valley Coal Co—
stamped.A—1954
5s
Flintkote Co 3s
debs,——..—1958
5s__-1943
East Coast 1st 4%s»;
1959
JAFlorida Cent & Peninsular
?FIoriaa
a
1st
&
ref 5s series A—:——1974
ACertificates
of
deposit—
M-N
103 %
M-N
J-D
93%
93%
M-S
33%
33%
34
10
10 Vi
of Berg Co cons 5s—.. 1949
93%
J-J
Gotijam Hosiery deb 5s w w
i—1946
Grays Point Term 1st gtd 5s—1947
102
M-S
»—..1973
J-J
A Debentures
ctfs
B.
AGen
mtge inc 5s series A—
__2Q15
Gulf & Ship Island RR—
1st & ref Term M 5s stpd——1952
f 4%s—
s
34%
55 Va
107
98
8
105%
5
99%
103
34
109
111
67
102%
107
921/4
>..1961
Gulf States Util 3%s series D>—>1969
•
83 'A
102%
98%
98
Vi
98%
98 Vi
9.9
29
J-J
103
J-J
91%
98%
36
83%
16
99%
105%
102% 103
29
99
5s
100%
103% 103%
J-./
1031/4
91 Vi
92
75%
93Vi
Feb
*62%
67
58--
13
9
■/-
90%
J-J
,
90%
90%
37
69%
65
,
{■:: ■•'■:
65
66
22
54
A-O
97
103%.
M-N
1^4%
97
102,% 106
*109% 11V3 Vi
110
71
66
52%
75%
232
29 Va
42%
9
28%
91
;
65%
44
32;%
45
41%
■
.
33%
32 <A
'.31
:
/
35
32
36%
•
.
.42%
50
68
69
29
,122
42%
122
4
-41%
68 %
A-O
*106%
J-J
105% 105%
"4
F-A
122'/a 122%
2
111%
*107%
A-O
*105
55 Va
115
50
75
122 %
105%
A-O
M-N
35%
40
—
107%
105%
109%
121% 122%
106
107%
103%
A
:,
M-S
104%
99%
102
M-S
103 %
103
103%
14'
98%
M-S
103 %
103% 103%
4
98%
105%
110
120
122%
A-O
106
106
5
F-A
120
121
13
93
70
111
4
93:
J-J
;
M-S
M-S
A-O
91%
,111
111
1966
>1945
107
104%
104%
78%
94%
109%
111%
103 Va
*103% 103%
104 Va
Louisville & Nashyille RR—
ref
5s series B_—u——. —2003
1st
&
ref
4V2S series C——. .>>2003
1st
&
ref 4s series D__
1st
69 Vi
*97
■
36%
A-O
Ark,1st 5s series A—1969
Louisville Gas & Elec 3%s_>;
94%
65%
J-J
65Va
5
32 Va
M-N
debenture——————>1951
Louisiana &
14%
J-J
62
32
geri "4s series A
Lou & Jeff Bridge, Co gtd 4s—
69%
*12%
43
6
57 Vb
M-N
—
108 Vi
9
67'A
56'A
74'/a
73
3l'%
:
56'A
M-N
>>1962
1950
Long Island unified 4s
1949
Guaranteed ref gold 4s
—1949
4s
stamped-——Ai—»——1949
Lorillard (P) Co deb 7s_>——
—1944'
112%
107
Miami
73
67%
71
,
67
*
;
Long Dock Co 3%s ext to-
112V4
111%
J-J
Little
99%
110% 110%
107
7
68
109
101%
97
111%
71%
>>■.'■
«
J-J
,,': 5s debenture—>—>—,———1951
947/a
Feb
>—,
Gulf Mobile & Ohio 4s series B—.1975
Gulf States Steel
16
*100
J-J
..—..1976
General 4V2s series,E—...
1977
General mtge 4s series G_._.
-1946
Gen mtge 4s series H__
—..1946
Gen mtge 3%s series I——
1967
AGreen Bay & West deb ctfs A
31
44
101% 101%
J-D
J-J
General 4 %s series D
19
14%
103%
80%
24y2
106
J-D
General 5%s series B———1952
General,5s series C__,
4Vas ext
30
4%
94%
*42
J-J
Northern
15
102 Va
—'
102%
23%
J-J
4Vis series A——1961
Great
Lehigh Valley N Y
Lehigh Valley RR—
4s stamped modified—
2003
4s registered—.
2003
4%s stamped modified—i»_>—2003
4 %s registered--————2003
5s stamped modified———2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & East 1st 50-yr 5s gtd_.
—1965
Libby McNeil & Libby 4s
—1955
Liggett & Myers Tobacco 7s>-».—^>1944
4V4
10%
*103%
J-J
Castings
Leh Val Harbor Term gtd 5s„_
38%
;.
;
'
F-A
stamped—
41
,
J-D
5%s>_—_.—.-1949
Ry 5s—Oct 11945
j§AGa Caro & Nor 1st ext 6s
1934
Goodrich (B F) 1st 4 Vis——1956
Steel
>—1974
1954
—1950
5s
88%
19%,
20
88'A
75
67%
V
.*
10
10
Francisco
tAGeorgia & Ala
2
67%
F-A
88 Va
*65
it*'—
•
1964
1st & ref sink fund 5s„—>»_»1974
106
76 Vi
39
stamped—_——>—
5s
103 Vi
l
-mm
F-A
—1964
,
M-N
J-D
Gas & Elec
93%
1st & ref sink fund 5s
105
83
34%
34
M-N
Gen
99
102%
*102% 103%
J-j
Food Machinery Corp 3s
debs—1956
Sugar coil trust 6s—1956
24
*102
—
JFonda Johns & Glover RR—
§A2-4s (Proof of claim;
——1982
ACertificates of deposit™.,—
103% 103%
F-A
>1954
1st & ref sink fund 5s>>
1961
Firestone Tire & Rub 3s deb-.
&
"107
A-O
Unif mtge 3%s series A ext—. —1950
Unif mtge 4s series B ext——. —I960
J-J
J-J
Paducah & Mem Div 4s
—1946
F-A
gold 3s_—i—. .i.>1980
,1945
gold 4%s_>.
M-S
.,103%
30
94%
96%
4
88%
92%
50
102% 102%
96%
1st & ref 3%s'series E——. >>2003
16
102%
6
102%
105%
1
106%
109%
2
103
105
102
102 %
A-O
107
108% 108%
A-O
2003
'
•
.''MM'
.
96%
92
v
r
•
103% 103%
'
'
-r- —
85
108
1043A
100
95%
'
6t Louis Div 2d
H
Hocking Valley Ry 1st 4%s
1999
J-J
?§ AHousatonic Ry cons gold 5s—1937
Oil 4lis debs__
..1954
Hudson
Coal
1962
J-D
Co
1949
F-A
133
M-N
1957
Houston
Hudson &
1st
Gas
f
s
1st
5s
series A
gold
Manhattan
os
5s A_
1st
AAdj income 5s
Feb 1957
M-N
A-O
133
133
84%
2
2
84%
*105% 105%
55%
52%
c!26%
55%
50%
26 Vi
28%
80
133%
87
.
111
19%
2
92'/a',
78%
93
'
J-J
joint monon 4s—. —1952
Atl Knox & Cine Div 4s_—. .>>1955
*110% 111%
■
_>
107
100% 100%
100%
M-N
62%
118%
6 IVi
46%
92%
■
105
52
,
'
>>'■
94
110
105 %
101
110%
88
40%
53
;
*105
105%
117 Vi
55 Vi
*117% 119
56
127
103
92%
M-S
1st
South Ry
M-N
Hudson
Mob & Montg
31
M
Maine Central RR 4s series A
Gen
1945
I960
mtge 4%s series A
91%
19
84%
94
'54%
55%
68
47 Va
59
66 Va
68 Va
49
49%
70
*50
45%
55
*25%
50
50
91
J-D
J-D
'
Manati Sugar 4s sink fund_„Feb 1 1957
A Manila Elec RR & Lt s f 5s»»„1953
AManila RR
(Southern Lines) 4s
M-N
68 %
M-S
M-N
1959
t§AManitowoc Green Bay & North¬
'
:
series
1981
J-J
1951
^748
J-J
1951
J-J
1951
A-O
Illinois Central RR—
ist
102% 103
9
101%
104%
7
gold ins¬
gold 3s sterling
99
99
1
97%
96%
96%
1
92 Vb
97
96
97
*96%
100%
1368.
61 Vi
61%
23
M-N
60
59 V4
60
99
J-J
56%
56
56%
25
,43%
1953
page
6IV2
1952
see
M-S
A-O
1955
footnotes
1951
1952
For
western
Marion
1st gold 4s.
1st gold 3lis
Extended 1st
102%
M-N
61 V'4
60 3
61%
19
46%
617/a
*44
3%s_
1941
J-J
*55
Shovel
s
f
6s
A-O
>1947
Stamped
*101
A-O
Steam
39
»
70
100%
103
100
102
,*101
102 %
Market Street Railway—
(Stamped mod)
ext 5s>
Q-A
»„1945
98%
60%
McCrory Stores deb 3%
51%
65
McKesson
47
60%
Metrop Ed 1st 4Vzs series D
1968
M-S
57 Vi
Metrop Wat Sew & Drain 5%s
JgAMet W Side El (Chief 4s_>>
1950
1938
A-O
>*90
F-A
*10%
&
Robbins
3V2S
^
1955
1956
:
A-O
J-J
99
107% 108
*111% 112'A
93
__
17
89%
99%
105 %
16
*107 % 108
60%
65
4
1st gtd
106%
106%
109 %
111
113%
84
6%
96
12%
y
Number 4217
158
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND
Week
Oct.
Last
Interest
Exchange
Stock
Ended
BO^DS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
1
High
New York
Range Since
Sold
No.
Low
Week
-January 1
Low
-.1951
M-S
*91%
78
3%S
mi—1952
Ref & Impt 4%s series C
1979
Michigan Consol Gas AS.-—1963
M-N
"100%
97
{SAMidland of N J 1st ext 5s
1940
i§AMilw & Northern 1st ext 4%s..J939
AgConsol ext 4%s—,—-1939
A-O
J-D
t AMilw Spar & N W 1st gtd 4S....1947
{gAMilw Si State -Line 1st 3%s_.._1941
J-J
j A Minn
M-N
29%
29%
M-S
8 Vi
7%
8Vi
106
Q-F
4%
4% i 4%
36
gold
A 1st
;;
& St Louis 5S ctfs———1934
ref gold 4s——
:_1949
&
73 Vi
■
J.J
M-S
..
73'A
,
7
,
104 Vi 104%
104%
54 Vi
84%'
67
49'%'
V 6
.
ATerminal
85
67
HAN Y West
.
27%
65
Norfolk
9 %
77
30
•
Bost
(Md)
Niagara Share
57
61
56
53
&
1943
& ext
50-yr 5s series A—1962
{Minn St Paul & Sault Ste Marie
>
30%
2%
'8%
2%
1950
'
16
30
27 Vi
27 Vi ' 28
J-J
28%'
29'A
16'A
27 Vi
27 %
28%
15%
30
J-J
6%
J-J
stamped———1938
XAMissouri-Illinois RR 1st ,5s—1959
Mo Kansas & Texas lst.4s—_—11990
J -J
6%
70%
100
J-J
4%
6%
3%
10
•
7%
64%
' 72%
98'/a
.1998
40%
M-S
J-J
47 Vi
33%
J-J
49
35%
adjust 5s series A—Jan 1967
A-0
27%
19
{Missouri Pacific RR Co—
a 1st & ref 5s series A——.——1965
F-A
56%
deposit—!—
_____________1975
M-S
22%
—1977
M-3
57 %
D——1978
51'A
ACertificates
A
of
4s___
ref 5s series F
1st & ref 5s
M-N
deposit
——
series G——1978
108 3 4
112%
5
106
110%
27
^
102%
106
J-J
80%
81%
8
37%
80%
F-A
37%
31
*32
129
•130
73
85%
29%
34
46%
% 130
,"1J
18
49
40
124%
132 Vi.
of deposit
—
gold 5Vis_
1.
1949
A 1st & ref gold 5s series H—.1980
ACertificates of deposit-——
A 1st & ref 5s series I——1981
M-N
Monongahela Ry 3%s series.. B;—-1966
Monongahela W Penn Pub Serv—
1st mtge 4'%s__.
—
-I960
*123
M-S
*115%
119%
123
113
114%
of
of
.
1945
guarantee).
A-0
48
*-.
deposit
65
50
67%
69%
72%
94%
89
89%
89 V4
90%
87
87 Vi
10
69
Q-F
55
55
55%
100
42
56'i
Ref &
J-J
38
Ref & impt
„
Pacific
impt 4Vis series A_—2047
6s series B__^—...2047
impt 5sr series C.——.2047
impt 5s series D_._.._...2047
&
Northern
:
160
59%
60
J-J
78%
78 Vi
79
J-J
65%
65%
66
65%
56
50%
62%
192
60%
35
66%
81%
53
66 '/4
J-J
58%
40%
*50%
Q-A
Vi
V
8
13
55%
68'A
55 Vi-
68%
Power Co—
States
(Minn) 1st & ref mtge 3Vis—..1967
(Wise) 1st mtge 3Vis..—
—1964
Northwestern
56%
i J! ■'
M-N
Teleg 4Vis ext.—1944
F-A
109 % 110
M-S
33
109 Va
110%
11034
111% 112
J-J
112%
'101
56%
F-A
,
11%
A-0
56%
O
HAOg & L Cham 1st gtd gold 4S.1948
Ohio Edison 1st mtge 4s.
—1965
1st mtge 4s.._.._i———1967
56 V
deposit———
t§AMissouri Pacific Ry—
3rd 7s extended at 4% _—July 1938
Moh'k & Malone 1st gtd gold 4s—1991
M-S
56%
ACertificates
AConv
of
105
106
22%
108%
108% 109
Q-J
Q-J
Ref
of
ACertificates
.
90
111%.
8 "a
prior lien 4s..—1997
4s registered
:
—.1997
Gen lien ry & Id gold 3s—Jan 2047
3s registered....
.2047
Northern
Ref &
Certificates
■
1974
mtge gold 5s (stamped can-
ACertificates
52%
1962
a
18%
*108% 108%
A-0
19 Vi
109'A
92
1734
45%
16
83
'
*110V'4 Ill's
18
(
;.1974
gen & ref 5s.
4Vis series A—
ref
cellation
63
J-J
A 1st &
Ry 1st gold 4S.1996
100
58
Prior lien 5s series A——1962
50%
.
&
A 1st
1%
71
Missouri-Kansas-Texas RR—-
A General
9
Southern Ry
Central
Gen
59'A
v
12
9%
High
{Northern Ohio Ry—
41%
50 Vi
A Cum
14%
-
O-A
North
100-
•3%
M-S
J-D
40-year 4s series B__
Prior lien 4 %s series
31 Va
A-0
31%
J-/
A25-year 5%s_—_.—J—1949
A 1st & ref 5/4 s series B———1978
.
Low
'
consol 5S_._._—U. a— j.1938
§ A 1st
Range Since
January 1
No.
35
*85 Vi
'
%
J-J
deb 5 Vis
Sold
*33Vi
..
J-J
Co—
mtge 4Vis series A—
1st
.
,
M-N
1967
Bonds
High
9 Vi
,
F-A
A Gen mtge 5s conv inc.........2014
HANorfolk Southern RR 5s A—.1961
8
8A 1st stamped 5s gtd as to int—1938
A 1st & ref 6s series A.:..——1946
§ A 1st cons 4s
Friday's
*12%
.
F-A
Norfolk & Western
A Ref
or
Sale Price Bid & Asked
J-J
4Vis—.1943
1st
Niagara Falls Power 3%s—.1966
Niag Lack & Ont Pow 1st 5s A—1955
"
72%
1st
gold 5s._.
N Y Telephone 3 Vis series B
63
65,
38
85
*~
78
109%
104%
67
52
53
57%
27-
.
55
66
J-D
■/•
M-3
74
Week's Range
Last
Period
1
HAN Y Susq & W 1st ref 5s...—1937
§A2d gold 4Vis..
1937
§AGeneral gold 5s
...
.1940
101%
1st
Oct.
Low
92%
Sag 3 Vis
Friday
Interest
Exchange
Stock
Ended
High
Michigan Central—
Jack Lans &
RECORD
Week's Range
Friday
BONDS
New York
'
'
1367
M-N
101
101
57%
M-S
106% 107
F-A
111% 112'A
111%
113%
debentures—————.—--1965
A-0
113
110
113%
1st & ref 3%s—1966
J-D
106% 107%
103%
107%
liivi
A-0
12
106 %
109%
5
109 VA
111
110
12
110 Vi 110%
107%
J-D
2
107%
110%
107'% 107%
110%
J-D
Ontario
38
110
debentures——.1946
4s
y.
108Vi
M-S
J-J
—1972
...
Oklahoma
19%
13'i
108% 108%
13%
M-N
3% s——1966
1st mtge 3%s_—
Gas & Elec
'
58%
J-J
17
107
110
8
102
104%
103
103
*106
104%
106 Vi
J-D
*106% 106%
105%
107%
1st .cons gold 5s—1946
108%
109%
1st
Transmission
5s_——1945
gold'4s_._.1946
Oregon RR & Nav-con
•M-N
5s ext—.
1951
Morrell (John) & Co 3s debs—1958
Montreal
Tramways
1st gtd 3VaS——-2000
Morris & Essex
—1955
1955
M 5s series A
Constr
Constr M 4'/2s
series B__—
Mountain States T & T 3Vis—— -1968
1st gtd 5s——,-1947
Mutual Fuel Gas
*94%
M-N
v
96%
M-N
45
M-N
41 =
99%
46'A
37 Vi
44%
46
99%
46
.:
J-D
96
*99%
J-J
89
45
100
M-N
112
46
109
110%
108'% 109
21
106 Vi
110%
103 Vi
103
22
99%.
105%
Coast
l§t gold 5s——1946
J-D
92%
99%
Gas &
series G-.-i—1964
J-D
110'%
110'% 110%
18
109 Va
112%
J-D
110
110%
22
110
112%
111'A
78%
Prod 3 Vis debs——I960
Nat Distillers Prod 3Vis
.——1949
J-D
106%
Nat
Dairy
sinking fund debentures—1949
3 Vis
Steel
National
1st
3s
mtge
—1965
78%
M-S
Tel & Tel 5s A
1952
gtd 4 lis series B__1——1961
N J Junction RR gtd 1st 4s—1986
N J Pow & Light 1st 4Vis—.——I960
102%
106%
101%
105
21
103 Vi
105
104 'A 104%
*100
95
J-J
82%
83
83
116%
110% 110%
11
109
112%
103%
106%
103
106'A
122%
125%
84 %
*106 Vi 108
J-J
94%
94%
J-J
93%
94%
'/"■ 5
103% 104'A
f. 14
1st gtd 4s—1953
New Orleans Term
J-D
94%
inc 5s series A
1935
of deposit———
§ANon-cum
A Certificates
58
A 1st
B
series
5s
ACertificates
of
58%
ACertificates
———1956
of
69%
69
70:
ACertificates
of
deposit
of
ACertificates
68%
F-A
65%
65%
._„..}954
A-O
72%
71%
70
deposit
.
Central RR
Y
Ref &
Ref
4s
series
„
75%
51'/4
60%
60
61
2013
A-0
56
55 Vi
56'A
2013
A-0
62'A
61% ,62%
A
•F-A
J-D
75
B—1968
51%
mtge 4 Vis series E_
1984
Conv deb 3% si———.—1952
67%
494
47%
61
179
52%
67
.'
87 Vi
82
70%
Pere
A-0
91
M-S
1
50%
66
60%
9
48%
66%
1st
57
8
47%
61
92
104
77%
94%
79%"
81
188
64%
85%
Chicago & St Louis—
debentures
1950
——
Y Connecting RR 3 Vis A
..—1965
Y Dock 1st gold 4s——_—1951
Conv 5 % notes
N Y Edison, 3%s
lien
& ref
\
A-0
101% 102'A
J-D
100%
100 Vi
106
106
A-0
F-A
>1947
—.1965
3 Vis series E—1966
A-0
A-O
106
vi
N Y & Erie—See
series D—;
Erie RR
N Y Gas El Lt H Si Pow
.
.
gold 5s___1948
101
14
gold 3ViS—2000
4s series A
*101%
M-N
1973
M-N
78%
Philadelphia Co coll tr 4Vis
Phila Electric
109;.
110%
115%. 117%
tN Y New Haven & Hartford RR—;
55%
60
25
-
J
42 Vi
24
34
52
42%
26
31%
49
41%' 42%
24
31%
49'A
33
52
M-S
3Vis——1947
M-S
42
ANon-conv
deb
3Vis—.—....... 1954
A-O
42'A
ANon-conv
deb
4s
J-J
43
42
43 %
122
110%
99 %
101%
110.%
116
114% 116
18
108
117
50
89%
104%
104% 105
55
96 Vi
106%
104%
104'% 104%
23
95%
106'A
96%
96%
98%
98%
96%
A-O
57%
Apr
21%
56
2
64%
83
72
68
57%
76%
J-D
73
106
106%
129
J-D
107SS
107i? 109%
J-J
1st &
1961
ref 3 Vis..
1967
mtge 2%s___——.1971
{Philadelphia & Reading Coal— A ref 5s stamped,
—
1973
_—.1949
AConv deb 6s—
21
104% 104%
1
J-J
42 Vi
39
42 Vi
359
16
17
128
•M-S
debs-...
37
.1951
4%
7%
103% 105%
486
103%
110'A
105
105%
7
8,
Pittsburgh Cine Chi & St Louis.1945
Series D 4s guaranteed—
.1949
Series E 3Vis gtd gold..—
Seriis F 4s guaranteed gold- .1953
Series G 4s guaranteed—— .1957
.1960
Series H cons guaranteed 4s
M-N
"
F-A
k
,
...
/
,
*105%
*104 Va 107
*112%
J-D
M-N
*112%
F-A
*113
F-A
*122'%
J
16
8 Vi
21
Gen
mtge 5s series A
.1970
J-D
216
36'A
55
Gen
mtge 5s series B
.1975
A-O
114% 115
J-J
.1952
M-S
102
.1950
J-D
;
1st
cons
gtd 4s
N Y Queens El Lt
& Pow 3Vis
prior lien 6s stamp
Steam Corp
footnotes
1st 3Vis
se?
page
/
J-D
4
1993
.1965
1958
.1963
1368.
A-0
M-N
%
53
110 '4
64
90%
6%
7%
8%
67
4%
4 Vi
2
53%
13
110'A 110 %
11
52%
J-J
104% 104%
1
J-J.
108% 108'A
2
2
41%
103
12%
7
58%
cons
4Vis
Gen
1955
9
cons
.1963
4%s—_—.—
guaranteed 4 Vzs— .1964
.1977
——-
series C
Pitts Coke & Iron conv 4%s A
Pitts
1st
Pitts
Steel
1st
mtge
4Vis—
—
mtge 4Vis Series B
Va
Si
Char; 1st 4s gtd—_—
M-N
"
-
-
■
—14«
110
.
113'A
112%
—
113
111%
•
__
Series
4s
3%
7%
*4%
J-j
78
.
17%
104'
J-J
49%
8%
42%
106%
15
M-S
8%
104%
61%
1992
10'4%
20 Vi
4
59%
{AN Y Ont & West ref gold 4s
107 'A
112%
102
105 Vi 105%
I
102% 103
96
110%
105%
M-S
Series
102%
10b Vi
106%
53
M-N
32
104
62%
1954
129
,120
3
49%
4s
1 07
107
106% 106'A
M-N
{SAPhilippine Ry 1st s f 4s——1937
ACertificates of deposit..———
l3As
57
110% 111%
104%
.1963
debentures
Petrol
105% 106%
111%
1962
Philip Morris Ltd deb 3s
3s
106
M-S
J-D
37%
46
17
91
102'A
111
31%
16%
104%
118%
*190
J-J
72%
100
__
129
32%
44%
33
106'%
*100
F-A
14
17
22
107
72%
J-J
97
45%
58'A
5%
42
171
M-N
44%
89%
79%, 79%
43%
J-D
99%
112'A
106'A
88%
49%
1957
220
97
89%
J-J
42%
1927—1967
10
22
*105% 107
48%
17
90%
111
57 %
19%
F-A
41%
4s
53
99'A
*111% 111%
42%
A-O
110%
47
42%
1940
108
108 % 109
43%
6s
1
124%
49
M-N
•
119%
J-J
.1948
>
t A Harlem River & Port Chester—
N Y & Putnam
108 Vi
J-J
—1956
4s
& ref 4Vis series of
AGeneral
1
6s
§ A Collateral trust
ADebenture
110
certificates 3Vis..—1956
deb
deb
;
ref
&
Phillips
■
42
,4s—.-1947
deb
——>1955
74'A
/: 80%
42%
deb
ANon-conv
'
108%
•;
ANon-conv
■
1st
100
2
72
%"•
112%
100
65 %
71%
72
111
22
»
AConv
General
99'A
...
65%
M-N
1973
4 Vis series B—
ANon-conv
101%
series C—..1977
4Vis series D_.—
1981
gold 4%s
15
111'A 111%
98 Vi
106%
65
*115% 117
F-A
ADebenture
General
110%
109 Vi 109%
40
12
M-N
108
1C9%
IO91/2
108%
97%
M-S
Phelps Dodge cohv 3Vis deb—..1952
Phila Bait & Wash 1st gold 4s—1943
General 5s series B—
.—1974
15
108%
106'A
88%
M-S
86
.30
•
J-D
N Y Lack & West
99%
1
19
23
A-0
C_2_._....>1980
gold 4Vis series
102 %
100
.
Purchase money gold 4s..—....11949
Harlem
13
78%
.78 ;
*96'/a 100
108% 108%
78%
A-O
——
Marquette 1st series A 5s—.1956
4s series B_————1956
1st
90%
80%
—
63
57
1974
C——————1978
1st mtge 3Vis extended to
>1947
104%
109%
108%
J-J
Gen
69"%
A
109
103%
123 % 124%
A-O
53
series
105%
102
6
97%
A-O
series
74 V4
registered-.
107%
104
__
110% 110 %
97%
J-D
gold 4Vis__.—1970
General 4V4S series
—1981
5s
5
,v
1 03%
108%
101
110
A-0
36
63
97
108
M-N
dollar.—-May 11948
C——.1970
Cons sinking fund 4%s.—^_____1960
General 4Vis series A——1965
gold
50
.60%
102
104% 104%
•M-N
mtge 3%s series
4s
Gen
67
4Vis series
For
4s—.—.——.1948
sterl stpd
Consol
78
F-A
82
117 Vi
Pennsylvania RR—
83%
5Vis
Y
108%
66
Ref
Y Rys
F-A
78
Ref
N
—1974
debentures...
83
F-A
67
106%
14
*108% 109
*109
66%
—1998
*106
109'%
Debenture
v-
104
106% 106%
106%
F-A
&
78
——1998
11
*108% 109%
Light 3Vis—..—1969
Power
83%
gold 3Vis
*102
M-N
104%
F-A
registered———
115%
J-J
ser
J-J
.
57 Vi
1
J-J
3%s
J-J
•
8
D_.———1968
ref
River 3%s.__>—1997
& Hud
82
96'%
3-D
J-D
4s___———
Peoples Gas L &.C ref 5s_..—1947
Peoria & Eastern 4s ext—...
1960
AIncome 4s—.—
Apr 1998
Peoria Si Pekin Union Ry 5Vis—.1974
New York
N
—1952
86
57
1st
ctfs D—1944
ctfs
67%
—1952
80
94%
& Det 4Vis series B__..__1981
&
1st
79%
47%
trust
Pennsylvania Glass Sand 3%S—.1960
'
148
105
105
'
-.1963
Secured
61%
52%
t';.:
111%
102%
115% 115%
82
94%
A-0
F-A
71 %
Vi
3 Vis
series E trust
Gtd 4s
t,
F-A
F-A
.
Trans
Guaranteed
70
49
5
110%.
104
104'% 104%
104%
109
72 ;
44 Vi.
70
*105
M-N
3
Pennsylvania Co—
96%
108
50
46
72%
J-J
M-3
4%s
V
,110% 110%
-F-A
75%
46
<
J-D
gold 3s loan ctfs..—1955
deb 6s
1944
f
Ms
1st
50 :
12
69
,108% 109
A-0
Paterson & Passaic G & E cons 5s_1949
Parmelee
Penna
48
P L 3s B_.—,—..I960
J-J
Paramount Broadway Corp-—
64 Vi
16
:
'103%
J-J
-.1998
A 1st
Panhandle East
165
3Vis
&
mtge 3 %s -series C—....—1966
Paducah & 111 1st s f gold 4 Vis—1955
83 %
3Vis
Y
101%
Ref
82%
3 Vis——
Mich Cent coll
N
l6l%
95'A
108%
registered———
1997
gold 3Vis—1998
3Vis
1st
96%
12
44'i
—1998
A
Lake Shore coll
N
12
83%
N Y Cent
N
101% 101%
*101% 102
M-N
Conv secured
6s
101%
General
impt 4Vis series A—
impt 5s series C
&
F-A
Pa Ohio
12
v
Newport & Cincinnati Bridge Co— :
General gtd 4 Vis
1945
N
15
64%
69
A—
105% 105%
97%
139
66%
5
105'%
41
67 Vi
1856
—
5'/as series A—
A 1st
F-A
105% 105%
J-D
,
% 108
( '■
1
67% ,67%
deposit
4Vis series D
A 1st
A-O
deposit——A
C—
5s series
A 1st
*—.——1954
J-D
.1970
1971
JAPac RR of Mo 1st ext gold 4s._1938
§A2d ext gold 5S._
1938
Pacific Tel & Tel 3 Vis series B
1966
8 OVA
■
J-D
2
1st & ref M 3s series K—_
104%
;
99
99
1st & ref mtge.3s series J
66
60
95'A
{New Orleans Texas & Mexico Ry—
A-0
97
73
83%
103
El 4s
&
1
95%
60
58 Vi
J-J
14
104% 104%
104%
81
Co
111
108%
1983
A-0
85
77
'
103'%
P
118%
.1
124% 124 %
70%
116% 117
*81
,85%
2
J-D
F-A
70
30
M-N
A-0
119
7
83 %
J-J
100
116
"2.
/':
116
116
N E 1st ref & imp 4 Vis—1952
New Orl Puo Ser 1st 5S series A—1952
1st & ref 5s series B
1955
New Orleans Great Nor 5s A
N O &
82
25
102% 102%'
104%
Newark Consol Gas cons 5s
1st
108 %
:. 15
102% 103%
102%
J-D
New England
105%
'
M-3
M-N
——1948
68%
11
A-O
{ANaugatuck RR 1st gold 4s——1954
{A New England RR gtd 5s—.—1945
A Consol gtd 4 s
.1945
28
79%'
106% 107 Vs
J-J
112%
N
F-A
cons
110%
1st
1978
L 4s series A
Nash Chatt & St
stpd
:
108%
112
*109'% 110
J-J
Guaranteed
50%
31%
40 Vi
41%
109% 109%
*109'% 1095%
J-J
Ore Short Line
51%
35%
J-D
J-J
ref mtge 3%s series H—>1961
1st & ref mtge 3Vis series I——1966
113
5s—_...1946
Pacific
Power
Oregon-Wash RR & Nav 4s__.
1961
Otis Steel 1st mtge 4 Vis ser A.—1962
Pacific
6s
Montana
114
119%
123%
-W
119%
123%
3
105%
—
*123
114% 114%
116 Vi
105
117
106'% 106%
•
108
6
100
107%
102'A
2
95
5
98%
103 3i
98
103 Vi
103'A 103Vi
.1950
J-D
102
.1943
M-N
*„_
.102'%
103
18
106
1.
Vi
55
64
110
111%
J-D
58%
58%
1
104%
1st mtge 4%s series B
.1959
A-0
58'%
58%
16
53 Vi
63%
108 Vi
1st mtge 4%s series C
.1960
A-0
58'%
59
53%
64
109%
3
106%
Pitts &
W Va
1st 4Vis series A
.1958
NEW YORK
BOND RECORD
■;
tllUuj
BONDS
Interest
Period
Stock Exchange
Oct. 1
New York
Ended
Week
or
January 1
No.
Low
'
.
New York
Range Since
Sold
High
"103
J-D
Ash 1st 4s ser A—1948
1st gen 5s series B
1962
1st gen 5s series C
1974
1st 4%s series D
1977
Portland Gen Elec 1st 4V2S
1960
1st 5s extended to—
1950
Potomac El Pwr 1st M 3%s
,.1966
1st mortgage 3'As
1977
Pressed Steel Car deb 5s_,
1951
Bonds
Friday's
Bid & Asked
Low
Pitts Young &
BONDS
tvailge
n
Last
Sale Price
Texas & Pacific
109
118%
Gen
123
&
&
98'/a
97'A
"106'A
1957
t A Providence Terminal 4s
1956
Public Service El & Gas 3'As
1968
1st & ref mtge 3s
1972
1st & ref mtge 5s
2037
1st & ref mtge 8s
2037
Public Service of Nor 111 3%s~—-1968
v
series
2000
ref 5s
series
C
ref
series
D
5s
Third
110
100 '/a
95%
16
Ave
97
91
111%
.
*107%
January 1
No.
Loxo
High
2.01%
2
"
116%
26
68
88%
67%
15
67%
85%
110%
50
103%
110'A
70%
24
62%
76
d30%
d30%
42
81%
70
A-O
81%
110
J-J
Jan 1960
Range Since
Sold
80%
1960
Ry 1st ref 4s~_
income 5s
Bonds
High
80'A
M-S
St
Louis &
West
1st
4s
*148 Va
97
Trenton
32'/a
103
21%
37%
Gas
Elec
&
1st
gold 5s
85%
145%
\
98%
87%
100
100 %
91
-A
:
101'A
100%
102 %
M-S
—1971
*116
116%
116'/a
117
J-J
1953
*106
107
105%
107%
111
112
110%
112%
222%
112%
U
t§AUnion Elec Ry
Union Oil
R
3s
98%
100
*102%
149%
220
,
100
J-D
108
109%
—
—
1
1949
Tri-Cont Corp 5s conv deb A
112 '/a
*98'/a
A-O
Toronto Ham & Buff 1st gold 4S—1946
110
110%
*110
J-D
1950
20%
106%
—
*222'A
'■98 '/a
98
50
88%
93 '/a
93
93%
68
78%
93'/a
A-O
80%
J-D
1964
;
»Tol & Ohio Cent ref & impt 3%s„1960
100%
7
97
J-J
J-J
Friday's
114% 116%
80%
82
81%
A-O
1979
107'/a
AAdj
A-O
1980
Tex Pac Mo Pac Ter 5'/2s A
Union Electric Co of Mo 3%s
Reading Co Jersey Cent coll 4s
1951
Gen & ref 4Vis series A
....1997
Gen & ref 4%s series B___-_____1997
or
Sale Price Bid & Asked
J-D
1©7
B
100'A
16
J-J
M-N
3-J
J-D
A-0
Week's Range
Last
Period
...
100
M-N
M-S
5s
108%
—
Friday
Interest
1
gold 5s
90
96
AlOl'/e 111
"110'/a
1st
106
99
Tol
fAProvldence Securities 4s__—
ref
Gen &
J-D
M-S
3-J
3-J
F-A
J-J
•
Fxrhangfl
Oct.
Low
Gen
F-A
J-D
Stork
Ended
High
107%
"121
Week
93
93'/a
111
105% 105%
9
99'A
'
102'A
J-J
F-A
M-N
M-N
}§ ARio Grande June
3-D
135
t§ARio
J-J
81
79'/a
81'/a
200
58'/a
A-0
46%
49%
310
27
land
&
112
A-O
1967
14%
14%
*104% 105
50
103% 103%
F-A
108'A 108%
J-J
9%
14%
103
105%
"2
100%
104%
38
107%
109%
RR—
grant 4s
1947
J-J
1970
A-O
103'A 104
9
97%
1971
M-N
104
104%
5
97'A
104%
Ref
83%
48
Pacific
1st
"
1945
1959
34-year 3'/2s deb
35-year 3'/2s deb
1980
J-D
110%
110(4 110%
29
106%
110%
A-O
108'/a
105'/a
108'/a
95'A
105%
105%
5s_
deb
debentures
Union
95'A
78
(Chic)
of Calif 3s
Af-N
108'A
105%
50
Rand deb 3'/as.
—1956
Republic Steel Corp 4'As series B—1961
Gen mtge 4y2s series C
1956
Revere Copper & Brass 3'As
—1960
Remington
1st gtd 5s__.1939
Grande West 1st gold 4s__1939
& coll trust 4s A—__1949
D
.—1977
3%s series H
——1967
Gen mtge 3'As series I—1967
Gen mtge 3'As series J—
-1969
t§AR I Ark & Louis 1st 4'As_
1934
JARut-Canadian 4s stpd———1949
t§ ARutland RR 4'As stamped
1941
1st
A
cons
104% 105'A
Gen mtge
101'A
105%
104% 105'A
24
101%
105%
*100%; 101%
135
100
30
135
124%
■-
—
102
66
mtge 3%s series A
United Biscuit 3%s debs
135
*124'/a
M-S
M-S
M-S
M-S
M-S
j-J
J-J
RoCh Gas & El 4%s series
16
1955
A-0
1944
M-S
1 1943
M-N
*99%
M-N
101% 101%
101
101%
M-N
101% 101%
3 0i;
101%
N
J
RR
United
124%
& Canal gen 4s
States
Serial
*111'/a '
■. :■
*110
■.'—//
Steel
35 y2
34 '/a
35 'A
*9%
V
•
108'A
4
10.9 %
109
65
■
9
/12 %
14%
9%
11%
12
38'A
22
Nov
May 1 1949
2.10s
','■>'
—..Nov
—
2.15s
15%
:
3-J
3-J
1996
Vv
JASt
t§ASt
of
34%
71
18%
37'/a
249
20%
39%
36'A
36%
29
20
38%
~3~3%
32%
34'/a
808
19%
39%
32%
32%
33'/a
58
19%
39'/a
May
1 1953
*1011/4 102'/a
101%
103
1 1953
M-N
*101% 102%
101%
102'/a:
M-N
*101% 102%
101%
1 1954
M-N
*102'A
101% 102
—May 1 1955
M-N
*102% 102%
102
21
82'/2
63
30
V 93
45'A
•
■»"
44
152
*88%
■—■
.21'/2
;
5
*
85%
;
6%
17
144
1
103'A
8
103
1
123
Cons
.
31
Iron
1st
cons
Devel
&
30%
29'A
41%
40
41%
47
31
56'A
21 '/a
22
157/a
20
M-S
P-A
,21'/a
P-A
J-J
J-J
P-A
A-O
20'A
19%
*21'/a
100'/a
21 %
65
14%
&
ref
22
13%
29%
20
3
17§i
23
57
M-S
*91%
*—
J-J
1958
A-O
1966
M-8
1971
J-J
106
106'/a
123
123
A-O
108
108%
1979
J-J
108'/2 109
—.1947
J-J
1041/a 1041/a
28
J-D
7
10
105%
88'A
89
v\
98%
59%
25
44
47%
92
34
49%
M-S
26%
31
27%
30
^1946
1st 4s
vJ
6s——
26%
28%
28'A
Walworth Co
V
1st mtge 4s_„
—1955
Warren RR 1st ref gtd gold 3'/aS—2000
Washington Central Ry 1st 4s—1948
Washington Term 1st gtd 3%s_—1945
1st 40-year guaranteed 4s
A-O
95%
F-A
v
35%
287
63
100'/a
97%
64
55
...
J-J
85%
j-j
-1994
J-J
'
'102% 103
66
100'/a 100'A
96
93%
97%
.*46
87%
>97%
_.
104%
84%' 85%
100%
98%.
*._»
293
82
85
104% 105%
70'A
89%
1958
92
75%
75%
76%
90
68%
81
',94%
94%
95
34
87%
98
96%
96%
1956
A-O
98'A
89
92
101
J-J
99% 100%
43
84
100%
J-J
101% 102%
11
89 'A
103%
J-D
111
11
:
111%
i>
104'
J-D
J-D
*120
'4
"
>
'■>
120%
111
•:
120%
119%
*109% 110
■
•'
108%
110%
106
112
6
110%
112%
Ill
84'A
"3
111
111% 112
J-J
A-O
89%
88%
89%
J-J
97%
97%
98%
A—1940
M-8
70
69
70
12
36%
1946
M-S
70
68%
70%
102
36%
M-N
100
99% 100%
59
J-D
100
99% 100
56
.1977
;>V
-
,,
11
94
95
102
% A Western Pacific 1st 5s
ser
A5s assented—
70%
—
,
;
M-S
i;
M-N
1st 4s guaranteed——2361
Registered
—L—.2361
98
J-J
53%
J-J
i,'
97%
51
98
78
101% 102
28
52%
53%
53
50
51%
26
70%
84
100%
87'A
'
83
100
♦
101%
43
98%
102%
61
West Va Pulp & Paper 3s^
111
1954
.
Wheeling & Lake;,Erie RR 4s——1949
Wheeling Steel 1st 3%s series B_t.l966
&
Co
1st mortgage 3s
Winston-Salem S B 1st 48.-1
;
*104%
J-D
111% 111%
M-S
91%
M-S
A-O
1958
5
92%
54
56
*116%
J-J
i.__1960
91%
100% 100%
100%
41%
56%
102%
__
104%
109'/2
111%
88
100%
114%
.
93
101%
116%
82
106%
89
A-O
<
97
102
*104
M-S
1952
JAWisconsin Central 1st 4s
ACertificates
r
of
66
Wisconsin Elec Power 3%s—
Wisconsin Public Service 3'As
,
.1968
..1971
20
197
47%
67%
1
47%
65
233
14%
26%
A-0
*109% 111
15%
110'
112'/a
J-J
*107% 108%
107
108%
17
101%
103%
29
95%
101%
,
.
•
64%
17%
66
J-J
M-N
67%
64%
V
1949
deposit.
8 A Su & Du div & term 1st 4s—1936
.ACertificates of deposit—
;
23%
112%
j-j
107
107 Va
8
106
108%
1972
M-N
111
111
4
107%
111%
50
50
5
41%
104
54
104
104 «/4
4
102%
104%
J-D
105
105%
15
104%
107%
—1953
3-J
104% 105'/0
12
104'A
105%
1945
J-J
104%
102'A 105
197
101'/a
111%
M-N
106
106
'l0
103%
106%
M-N
103'A
103'A 103%
5
102'A
103%
Youngstown Sheet & Tube—
106
1948
M-S
1st mtge s f 3'As series D
I960
M-N
Deferred
.1951
J-J
.1944
120
F-A
.1953
J-J
J-J
*105(4
113'/a
103%
—
105%
110%
112% 112%
125
103%
*103'A 104
105
n
Under-the-rule sale not
tCompanies reported
the Bankruptcy Act, or
being in bankruptcy, receivership, or reorganized
securities assumed by such companies.
as
93 Vb
A-O
106%
106
106%
16
105(4
106%
♦Friday's bid and asked prices;
.1965
M-N
106%
106% 106%
29
105%
107
ABonds selling flat.
27
89
94
d Ex-interest,
e Odd-lot sale not
the year's range,
r Cash sale
included in
SNegotlability impaired by maturity.
tThe price represented is the dollar quotation per
pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
F-A
94
range,
100% 101%
range.
1950
93'/8
102% 103
101'A
delivery sale not included in the year's
Included in the year's
.1959
45
88
66
52'A
A-O
*
—1956
.1974
~~~!
98'A
31
:
a
aeb.
91
37
,
not
5S
95%
98
F-A
..1963
Maryland 1st 4s—...
included in the year's range,
Terminal Assn St L 1st
cons 5s_
Gen refund s f gold 4s
35%
F-A
.—L1966
68'A
53%
144
1956
Superior Oil 3'/as debs
Swift & Co 2%s debs
95%
*95
Q-M
.—.:.1945
West Shore
64%
-1961
Studebaker Corp conv deb 6s
30
25%
Conv deb 4s
•___
30
*26
*28
69%
63%
A-0
—1955
—1964
F-A
A-O
54%
64'%
1968
4s—
*29
100
60%
A-O
87%
86'/a
—1951
series C
83'A
1980
30-year 5s
j.
^—1960
Westinghouse El & Mfg 2%s_^—^1951
1996
——
114
—1978
90
85%
J-J
'
—
4s series A
1976
4'/2s series C
gen 5s series D_
68
M-S
...1950
gtd 4s
5s series B
gen
&
72%
86'/a
—1961
debentures
98
98
29
242
js
96'A
105%
237
^umpany
86
111
59
109%
103'A
62%
Standard Oil N J deb 3s
3s
72'A
108%
47
107
123%
107'A 109%
11
P-A
cAtta
2
32
123
VI
62'/a
gen
82%
59%
..—1967
105'A
2
61'/a
rtrt
82%
110'A 110%
92
6
47%
Western
61
«
91 (2
-lid
104%
96
Apr
105%
61%
xruu
110
95%
104
A-0
-1960
K.ua.1
114
79%
-
__
112
Apr
B—
..—1950
103
J-J
of Calif 2%s debs
*
113%
110'A
1981
ser
61
101%
62
debenture—
—
29'A
*101% 1031/a
Apr
2%
108%
108%
*111%
2003
102
*103'/a 103%
P-A
ASpokane Internat 1st gold 4y2S__2013
Stand Oil
1st gtd 5s___„
102
40
61
64
Serv
;
*111
F-A
gold 5s__1949
99%
M-8
Pub
1st
98%
41
101%
M-N
3s
Coke
108% 108%
M-N
M-S
B_—■-_1968
30%
100'/a 100'/a
*101
"L
17
1964
1963
1962
Southwestern Bell Tel 3%s B
1st
101'A
Western Union Teleg gold 4%s—1950
25-year gold 5s—„—
1951
>
1950
St Louis Div 1st gold 4s
Southwestern
102%
97
1991
30
6'/aS
1st gold 5s
103
97%
73
AGen mtge 4s inc series A
A Ref
14
gen
Mem Div
93%
30
99
AGen mtge inc 4'As
v
?
ARef & gen
15
21'/a
16
192
8%
M-N
gen
series A
4s series A
A Ref
148
1st cons gold 5s
&
F-A
29
99 35
97
-
W
1st mtge
■
Wilson
Devel
102'A 103
97%
99
Wabash RR Co—
14
488
—
g 4s
5s
4
V4
45
7
,————1981
gen
1955
102%
A-0
F-A
series B_-l__„L—_1957
& Southwest
50
27'A
secured 3%s—
&
A-O*
1944
1944
Virginia Pub Serv 1st mtge 3%s__1972
Va
4%
26
44'A
42'/a
———,———1969
Devel
cons
Coal &
27%
25
Pacific Co—>,<
Pac coll)—
—Aug 1949
registeredj_.
1949
1st 4%s (Oregon Lines) A
—1977
Gold 4'/as—
1968
Stamped
4s
Pwr 3 %s series
28
24%
43'/a
45
—
(Cent
Southern Ry
f
Va
104
27'A
44'A
4s
South Pac RR 1st ref
RR
s
Elec &
126'/a
:
101'/a
26'A
—
Fran Term
Vandalia
Va
106
126
.
Southern
10-year
w w_———1951
ref 5s__,
Light 1st 5s
24%
26%
103%
-—
,—
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3%s—
San
&
.87'A
85
■
M-S
——
Stockyards 4'As
Power
50'A
2 7'A
S;
-ft
deposit—,—-a
1945
Skelly Oil 3s debentures——
Gold 4»/aS
United
84
deposit
Oil 2%s debs
Gold 4'/aS—
102'/a
103'A
66'/a
28'A
P-A
1954
debentures
1961
t§ ASilesian-Am Corp coll tr 7s—1941
Simmons Co debentures 4s
_1952
4s
—
M-N
97%
67
46 y4
,
103 VB
Af-S
series A
debentures
;_Nov
——
Virginian Ry 3%s series A
•
A-O
Southern Colo Power 6s A
102%
__May 1 1954
—
2.65s
36'A
36'/a
M-N
23/«s sinking fund
3s
34%
37
J-J
t§AAtl & Birm 1st gtd 4s——1933
Union
36%
J-J
J-D
t A Seaboard All Fla 6s A ctfs——1935
A 6s series B certificates-,
1935
Shell
19
—1959
§ A Refunding 4s——>
of
510
A-O
A-O
AAdJustment 5s——
6s
35'A
—1950
1950
Oct 1949
§ A4s ©old stamped—
cons
101%
85
34'/a
94'A
-1952
ISeaboard Air Line Ry—
5 A 1st gtfld 4s unstamped
ACertificates
73
82'/a
—1989
Schenley Distillers 4s s f deb
V & N E 1st gtd 4s,
Scioto
ACertificates
*101%
t A Wabash Ry ref & gen 5'/aS A-"—1975
Paul
A 1st
91
2
34%
F-A
A-0
M-N
1 1952
101%
100%
1
85
64'A
1947
102
101'A
75%
J-J
1941'
1971
101%
101%
94%
44
5
J-J
1st cons gold 4s_1968
Paul E Gr Trk 1st 4'As
P & K C Sh L gtd 4'As
Union Depot 3'As B
78%
23
99 ya
M-N
5 A 1st term & unifying 5s——-—1952
AGen & ref gold 5s series A
1990
101
*101%
*101
95
99'/a
—.
tSt Louis-Southwestern Ry—
1st 4s bond certificates
1989
A2d 4s inc bond ctfs
..Nov 1989
St
77%
120
85
M-S
ACertificates of deposit stpd
St Paul & Duluth
73
—
1978
A—
67
34'/a
deposit——
M 4'As series
93%
72
M-8
J-J
J-J
ACons
93%
73
J-J
of
94'/a
*101%
M-N
—Nov
—
Utah Lt & Trac 1st &
93'/8
M-N
107%
55%
..
93 y2
3-J
—1959
lien 5s series B_—..——1950
ACertificates
108
107
68
>
93%
}ASt L-San Pr pr lien 4s A—_—1950
ACertificates of deposit—-——
APrior
107
*64
M-N
stpd—---—1955
Rocky Mt & P 5s
*60
99
18
Utah
1948
JASt L Peor & N W 1st gtd 5s
L Pub Serv 1st mtge 5s__
St
105'/a
*—
A-0
1st gold 5s—-—1996
tSt Louis Iron Mtn & Southern—
A§Riv & G Div 1st gold 4s-1933
ACertificates of deposit
St L
105
M-N
1 1950
Nov
—
2.60s
A-O
99%
99%
May 1 1952
Nov
2.35S
2.40s
a
1 1949
May 1 1950
—
2.20s
:
2.55S
gold 6s-——.—
102
Corp—
2.05s
109%
2.50s-
2d
102%
94%
101%
debentures
1.125s
2.45s
St Lawr & Adir
102
—
r
-
1
5
1952
U
,
Saguenay Pwr Ltd 1st M 4'As——I960
St Jos & Grand Island 1st 4s
1947
108'/a 108 '/a
102
United Cigar-Whelan Stores 5s
no
sales being transacted during
200-
under Section 77 of
current week.
THE COMMERCIAL &
Number 4217
158
Volume
FINANCIAL CHRONICLE
1369
•
Sfik
M
v"c H PV v
WEEKLY
NOTICE—Cash
in
to include every
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
present' Friday (Oct. 1, 1943). It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
whether stock or bond, in which any dealings have occurred during the current year.
■
;
extensive list we furnish a
the
ending
and
25
which they occur.
in
week
the
In the following
Sept.
security,
Friday
Ended
Week
/ ' O'
:
.
Acme Wire
Exchange
Curb
Co
1
Oct.
'
Range
1
B
Class
:
,
*
Air
Investors
4
Southern
preferred
$6
8% May
Bourjois
Bowman-Biltmore
Allied
Products
$3
Intl Investing
Allied
Class
A
Aluminum Co
pfd
conv
common
Ltd
Aluminium
6'Jo
common
J
preferred.
Book
American
Box
Co
Board
Co
Mfg
Central
American
3% July
27%
Jan
3 2
3
—
35%
1%
3 % July
Jan
93 % May
__
72
Jan
102
Jan
114
July
Jan
105
91%
—
110
Apr
110
Apr
"9
May
24
Jun
28% Mar
23%
Jun
29,
A
Mar
class
Convertible
Class
Class
A
Cyanamid
American
Am
128
Jan
115% July
13%
Jan
18
Sep
11%
200
6
Jan
11%
Sep
90
650
86
Jan
120
Mar
British
Jan
108
Mar
Brown
i7s
Am
Jan
33
Mar
8
8
100
4%
Jan
American
200
5%
Jart
9%
400
15%
1,100
15%
500
is
Jan
37 Vo
Jan
45
Apr
47% July
Gas
American
Electric
&
100
preferred
4%%
common...10c
$2 convertible preferred.,
1
$2.50 convertible preferred
1
American Hard Rubber Co
25
American Laundry Mach
20
American Light & Trac common
25
6%
preferred
:
25
General
American
Mfg
American
Preferred
Corp
Co
36%
36%
36%
34
33%
34
43%
1%
16'A
27%
1,600
109 %
425
5%
12
400
26%
1,000
108
5%
5%
%
2,400
16
109
36%
1,600
45
1%
,V
Jun
Columbia
A
A
class
Power
Jrtuboer
(EL)
Co
Co
American
American
American
July
Buffalo
3% July
$1.60
3% May
Jan
17%
Jan
93%
Jan
3%
Jun
29% July
112
Jan
July
18 y8
20%
Jan
28
13
2,800
Jun
Jan
19%
Sep
Feb
26%
25
25
Jan
39% May
2C
80
Jan
88
May
1% July
2,600
%
Jan
200
20%
Jan
26%
Sep
50
50
50
Burma
10%
11
Jan
57%
5%
Jan
13% July
2%
Jan
Thread 5%
American
Writing
ia
Jan
Paper
common..*
class
non-voting—*
;
10
& Light $7 preferred.*
A
preferred..
Arkansas Power
100
1%
100
14
14%
400
8%
109
109%
210
97%
Jan
3%
600
1%
Jan
4%
4,700
1%
Jan
1,500
8%
Jan
3%
3%
3%
10
■:
1,100
10
10
$3
Calamba
new—A..—2.50
8%
Sep
Callite
8%
8%
500
5%
Jan
10
614
1,900
7
rects reg————£1
7%
•
100
7%
■A
iff
Iff
Jan
Jan
7
300
17%
28%
8%
80
1%
614
6%
24%
23%
Voting Machine——
(BFI ft Sons common— Ills
-25
preferred—.
—— ...
...1
Ayrshire Patoka Collieries—
-
Jan
—.—•
common———
—...—30
400
4%
100
9
21%
6%
7%
«' 200
9%
21%
24
Aircraft
common—
&
Hedges
Convertible
common.
preferred
Berkey & Gay Furniture
Bickfords Inc common
7%
50
,200
•
23%
Bliss
see
page
1373.
Jan
1%
16%
17%
300
14'%
24
9%
1,000
7%
Jan
14%
10%
450
12%
38%
1%
200
3%
3%
1,500
5% Jan
8
Jan
3%
%
1
.1
6%
6%
2%
2%
4,200
13%
1414
100
9%
Jan
4%
200
4
Jan
3%
4%
3%
1%
Apr
1
10
20
1
100
16
~6% ~614
14
Jan
Jan
Jan
200
3%
Feb
100
14
7%
Jan
21% Mar
*"2%
700
132% 132%
2%
20
"2%
2% Aug
115%
33
*
•
1
Jan
Jan
35%
Jan
%
Jan
900
7
8'4
•
13%
13%
2%
2%
7%
700
■26.
Jun
7
-
May
39% July
7% May
3 %
14%
Apr
Sep
6% July
3% Sep
45
14
2%
2,900
10%
1,400
Jan
Jan
6%
45%'
300
Aug
1%
Jan
6%
Apr
4%
800
1%
Jan
6% July
■
U
—
106%
15%
1,60C
102
Patent
5%
Fire
warrants..
V
50
July
t
$3
—25
Arms—.—:
•
4 % %
10
116
84%
;" %
6%
1,90C
7
9
;
6 V4
4%
6%
.
.
6%
6%
—
Co
series B preferred
preferred series C——
Consolidated Gas Utilities.
,
Jan
Sep
9
Sep
14% Aug
105
8
% May
26% Aug
18% May
51%
Jan
98%
Jun
4%
Jan
11%
Jun
Jan
96 %
Jun
97%
Sep
2,650
9
14%
14%
'15%
8,600
3%
87%
87%
89%
8%
1,650
8%
83%'
83%
10
92
92
92
89
89
«M>
■
300
>•"
]
Mar
48
76
.
Jan
73
50
89
"7% "7%
100
~~n
100
13%
13%
34
15C
13%
51% Apr
28% May
700
5%
5%'
50
10%
Jun
July
1% July
Jan
.
5% Apr
35
July
6
Jan
19% July
7%
Jan
14
2
10%
8
22
Jan
%
.
10%
Sep
8'A May
Jan
6% Feb
13
33%
89
Apr
4%
"IS
Jun
July
Jan
16
20
Sep
84%
Jan
-tV Jan20
Mar
8
Mar
July
3% July
11%
.
—
<'
6
2,000
Jun
1%
Jan
7% July
4
,
Jan
5
Apr
,
"8%
~3
1,500
8"%
3 Va
3
*
48:.;;
—
49%
58%-
60
3% Feb
1,200
1%
20C
2,01C
4
July
47%
Sep
55%
Feb
Jan
60
Sep
60C
14
%
3-3
Jan
300
7%
Jan
%
100
33a Mat
1/64 Jan
30C
10%
10
10% July
24
300
%
—
Jan
21%
32
21
Jan
22
July
1%
% May
64%
67
1,400
%
Apr
Jan
27%
2%
%
Jan
5%
56%
Jan
67
~4%
4%
43%
9C
700
Jan
Jun
July
Jun
Jan
121
103%
Jan
110%
Jun
2
Jan
5
Jun
111
107% 108%
Apr
11% July
26%
—
1
*
100
100
1
1% May
9
64^2 Jan
5%
Feb
10% May
Jan
150
Sep
9% Mar
Jan
100
83
Aug
106
Jan
80
82
83
July.
98
Sep
300
9%
.
:
20
July
> 4% Feb
fg Jan
2,300
4%
9
Jun
13
Jan
Apr
Jun
8% July
Jan
7%
*
1946—
Consol G E L P Bait common
4%
Jan
400
8%
%
6%
—
3*2
—25
—1
1
•
Biscuit
Jan
102
"%
/
warrants-
Gas & Coke Secur common.
extended to
Jan
6
32C
98
8%
Jan
2%
~~
——100
& Southern
preferred
Consolidated
Aug
18%
Feb
200
9%
9%.
97
98
59%
preference
c
112
Jan
500
Electric—
Public Service—
Community Water Service.;
Compo Shoe Machinery—
Conn
Aug
114% Jan
;:V:
Apr
July
116
15%
"3% "3%.
4
1
Airlines.
7%
49
Jan
6%
■m"T
*
—£1
Columbia Gas &
23% May
7%
10c
10%
10%
'-'■-A;-/
.10
——V
preferred
Colonial
13% Mar
7
•
Cleveland Tractor common
——*
Clinchfield Coal Corp..
-.J.
100
Club Aluminum Utensil Co
—•
Cockshutt Plow Co common—
•
Colon Development ordinary
6%
2% May
Jan
38 %
1C
44
14%
14%
—
Clayton & Lambert Mfg
Cleveland Electric Illuminating—
Jan
Jan
Sep
July
Jan
5C
114% 114%
44
preferred
preferred B—
....
*
$6 preferred BB_
——.—-•
Cities Service P & L $7 preferred—.*
$6' preferred
—*
City Auto Stamping—,
——*
City & Suburban Homes—
—10
Clark Controller Co
————1
Claude Neon Lights Inc
———1
July
May
4'A
145
Jan
5% Aug
Jan
■
114%
60c
Commonwealth
3
Aug
4% July
Mar
9%
—10
Community
9% July
16% Mar
23
Jan
Jan
3,300
1%
1%
preferred.100
$6
Apr
Apr
j—
Oct
22
•
Corp common
Mar
1 %
•
140
20
140
•
7% pfd
100
Central & South West Utilities..—50c
Cessna A'rcraft Co
1
Chamberlin Metal Weather Strip Co—5
July
42
Apr
7
200
4%
~I%
—1
Power & Light
Colt's
Jan
Apr
3%
"6%
140
Power 5% pfd—100
Ohio Steel Products—
1
5
45
Apr
1%
3 Vb
New York
25
136
1%
,22% Aug
—*
♦
,
Gas & Elec com..
Sep
Jan
371
5% Mar
—
Sep
15% July
*
44,%
Jun
4% July
Feb
/—
common
Colorado Fuel & Iron
10
3%
1%
Jan
3
common...——-
Hudson
Central
Jun
6
150
8%
Oct
13% May
"eVe
100
....
—
Corp
Central
Sep
13% July
Jan
98
31% May
3% July
3% Jan
25
—.*
1
Carter (J W) Co common———l
Casco
Products,
;
—
_*
Castle (A M) & Co
—10
Catalin Corp of America
——1
Apr
9% Mar
com..*
16% May
Jan
Jan
3«fl Jan
/~4%
3
Sep
Jan
Mar
%
—
July
29%
Oct
6%vFeb
%
23
600
17%
10
,7jj Jan
!
11
8%
25
Jan
3914
May
Apt
1 11
4% Jan
Jan
Apr
2
2%
Cities Service common
2%
Jan
9%
2,500
25
~3V*
Jun
19%
Jan
82
5,300
98
11%
TTT'
\
6
2,400
Jan
July
18
108% July
A Jan
3,200
14%
14%
96
12 %
Jan
2,400
4%
Aug
4% July
15
Jan
"9%
98
3%
16%
Jan
5
5% July
200
(E W) common
1
Ridge Corp common
__1
$3 optional convertible preferred
*
Blue
footnotes
4%
1
Birdsboro Steel Fdy & Mach Co
Blauner's common
For
39%
100
Tel of Canada
Benson
4%'
100
;
Mills Inc common—....
$1.50 convertible preferred
Bell
5%
3,400
17%
Jan
Jan
•
;
common
Brummel
Bellanca
Sep
22
Jan
11%
"VA
~i%
2%
6
•
1
Stainless
1st preferred—.
Ties
1%
100
80
Cherry-Burrell common—a—r—5
Chesebrough Mfg
—,
—
25
Chicago Flexible Shaft Co.—
5
Chicago Rivet & Mach..,
4
Chief Consolidated Mining..
.1
Childs Co preferred—*——
100
3
common......
Steel
Barlow & Seelig Mfg—
$1.20 convertible A common
1%
11
Aug
1,600
4
—
preferred—
$6
Carrier
2% July
Baldwin Locomotive—
Beaum.
10
10
Carolina Power & Light $7 preferred..*
8% July
Jan
B
Beau
13 y2
___*
voting
Class B
*
(L)
13 %
Alcohol-
voting.:
Carnation Co
Sep
15% Feb
2,400
4%
4%
6%
Refractories Inc
22
"3%
5% Aug
Ltd—
City Products
& Co class A
Carman
~
Avery
Baumann
Feb
10
preference.—
Industrial
A
Capital
40 % May
%
400
6%
25
414-
———-
Automatic
Basic
Sep
1%
—1
—
Canadian Marconi—
Jan
6%
Jan
1,100
Barium
Aug
pfd—100
preierred.
7%
May
111%
4%
400
1%
7%. preferred..
Baldwin Rubber Co
18
17
£1
.
Central
Feb
108% Aug
3% Jan
575
8
warants for
Jan
Jan
5
Class B non
2%- Sep
32%
1%
Purchase
12%
.
Canadian Industries Ltd—
i98 May
Feb
31%
July
18% July
11%
500
17
17
—
Assn
Central
Feb
800
8%
Babcock & Wilcox Co.
33
50c
Corp
Central Maine Power 7%
%
6%
Corp........—... —1
warrants——————
III5
Atlas Drop Forge common—
Atlas Plywood Corp—
Line Co—
Apr
May
Jan
.50o
new.—.
Insurance
Participating
Charis
Rayon
1%
75
Jan
~i%
Power
Jun
8
Apr
6%
32%
Atlas Corp
Jan
14%
•
pfd.
Sep
69%
preferred.—.100
Products—
44'/2
30%
Cement Co Ltd 6%%
Class
Sep
1%
1
Feb
i<
200
'
—50
Automatic
1,300
71
Sep
7% May
12% May
*
Estate
Electric
Fire
Canada
July
■
4%
12%
6
714
Jan
Aug
10% Mar
12V2C
25c
Canadian Car & Foundry
Jun
Fisheries—
Atlantic Coast
IV2
1%
rets
dep rets 5%
Tungsten
Camden
10% Aug
A—i.—...•
Birm & Coast RR Co pfd..l00
Atlantic
2%
Sep
11%
119
*
70
2.50
certificates
Sugar
California
Jun
500
Associated Laundries of America——*
Coast
6%
9%
Atlanta Gas Light 6%
500
6
5%
•
22 %
Jan
Jan
Wireless—
&
American
10% July
9%
6%
Sep
2
.61
25
:
preferred
trust
Voting
Jun
Aug
5% Jun
99%
Associated Tel & Tel class
Atlantic
111
Jan
Apr
Associated Electric Industries—
Atlanta
15%
Jan
Sep
May
2%
88%
98
Breweries of Canada
American dep
5
1% Jan
;
so
Oil & Refining
Associated
5%
Jan
Jan
4%
3
1%
1*3%:
4,300
Power—
Sullivan
&
Corp Am dep
Cables
May
common—..5
Co—
1
•
Art Metal Works
Ashland
2%
2
4
99%
Equipment Corp
Aro
Jan.
4%
14%
ii%
Jun
O
July
17% July
Jan
3%
3 4
,
Apex-Elec Mig Co common—.—•
Appalachian Elec Pwr 4%% pfd—100
Arkansas Natural Gas common—._..*
6 %
2%
600
3% / 3%;
...—1
Angostura-Wupperman
Common"
104
Jan
2,400
16
15
60
175
102% 102%
•
common
10%
U
"9%
Cable Electric Products common
li May
21,600
%
Fence....
Post
Anchor
7% Mar
3
♦
Biscuit Corp
Butler (P A) corrftnon
5 Vs May
45
...
American
12% May
Sep
5
Burry
Jun
10%
2,400
Hill
Inc
Burco
Apr
88
*
Bunker
July
1%
—•
—*
preferred—....5
23%
Jan
Sep
23%
35
35
88
...
Jan
.7%
2,700
Aug
Jan
25%
27
18%
36%
42 %
25%
preferred
preferred
$6
11%
300
3%
1
preferred
preferred
Canadian
1st
5,400
10%
3%
6% July
Jan
Jan
1
$0 series
23%
10%
;
Niagara & East
1st
$5
July
25
American Superpower Corp
Feb
22 Vs
*
common
37
*
Potash & Chemical
•
Republics...:
........10
Seal-Kap common...
—2
Co
Mar
3%
1
common
Jan
19% Jan
300
26%
American Meter Co.—
2
1
(unassented)
pfd
Brown
Jan
—,—-—1
Maracaibo
American
Jan
*
Buckeye Pipe Line
13%
....—100
%
*
Distillers..
July
28%
18'/2
400
July
%
10s
—
preferred
Forman
Brown
$6
reg
Fence & Wire common
42
33
100
common
—w-——
•2%
2%
1%
Apr
1%
9
£1
reg
Ltd—
dep rets ord
Class
Bruce
27%
9
10%
_£1
ord
rets
Celanese
Amer
8% May
6%
dep
British
2% July
Jan
20%
370
31
Apr
6%
•
10
Foreign Power warrants
Fork & Hoe common
American
Jan
♦
Co
dep rects ord bearer
104 % Aug
29
44%
2%
Tobacco—
106%
103%
10
non-voting
B
Class
class A
400
•
A
Oil
89
1
10
8%
*
.
American
1114
25
25
.
A
8
23%
_•
;
American
100
*
Class B
•••
100
common
British
2,400
112%
110%
18
1
& Light—•
Power
'•
•
Bruck Silk Mills Ltd
Cities
American
-
Jan
22 %
B
Mfg Co
1,800
110
110
29%
''
100
preferred—
Brillo
18
112
1101/2
100
common.—1
1
Jan
1%
'U—':
___*
.
British
100
26
26
89
28% May
-ft,
6
—
—
18
Jan
23
100
2,800
•
;
Preferred
7%
82% July
1
Bridgeport Oil. Co
Class
15% July
11% July
Apr
1
Lgt & Pwr.
common
class
Feb
%
%
«
Aeronautical
Corp
Jan
46
~8% ~8%
100
♦
20
Bridgeport Gas Light Co
Apr
4
78
78
--
•
Traction
Corp
Brewster
Brill
—
6
3%
•
common
.
Brazilian
July
20
92%
$5
Inc..
1st preferred
2d preferred
Bfeeze
1,900
—
7%
Jun
fe May
1/64 Mar
10,900
100
;—,
American Beverage common
American
Jan
92%
*
*
*
Mfg
Industries common—.
Aluminum
Feb
1%
2%
2,%
100
Goods
1%
300
—
•
common
preferred.,
6%
Aluminum
4,100
2%
1/64
1
*
10
25
(Mich)
conv
3'A
2 V?
———100
Fisher Inc common
&
3
•
Low
400
12%
25
Jan
2 V2
Range Since January 1
High
11%
—
Scrymser Co
Borne
Jan
50
...
Allegheny Ludlum Steel—
7 Vo .preferred —
Alles
July
j
Shares
•
100
5
4% May
Sales
for Week
Range
of Prices
Low
•
preferred
5%
preferred——•
*
$7
9
1st
400
1/64
Great
7 %
5 % May
400
10
preferred
Power Co
Aug
7'A
3
Last
Sale Trice
1
& Co
7%
Electric Appliance——3
Air-Way
Alabama
Sep
22%
July
4
Week's
Friday
Exchange
Oct.
Co common
7%
Warrants
Alabama
20
(S)
(H C)
6%
2
common
Convertible
1,300
50c
Accessories Corp
Aircraft
200
4Mb
Bohack
1
(N J)
Inc
Associates
22%
X4
Blumenthal
5
Ainsworth Mfg common
Air
20%
1
Supply Mfg class A
Aero
'
.
Curb
Ended
Par
Sep
25
Feb
17
60
25
York
Week
High
Low
High
25
10
common
New
Range Since January 1
Shares
of Prices
Low
Par
:
STOCKS
Sales
for Week
Week's
Last
Sale Price
STOCKS
York
New
disregarded In the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are fcbown
No account is taken of such sales in computing the range for the year.
deferred delivery sales are
and
In
footnote
a
nvfiAnn
YLAKliY
v.
THE COMMERCIAL & FINANCIAL CHRONICLE
1370
Monday, October 4, 1943
NEW YORK CURB EXCHANGE
Oct.
for Week
Last
Exchange
Curb
Ended
Week
Sales
Range
Friday
STOCKS
York
New
Week's
of Prices
Sale Price
1
STOCKS
New York
Shares
Range Since January 1
Week
Friday
Oct.
Week's
Last
Exchange
Curb
Ended
>
,,',t Range
.
Sale Price
%
Sales
for Week
of Prices
Shares
'
Range Since January 1
'
Low
High
Low
Par
High
:
yy
:
High'
Low
Par
Low
:
,
367/a
6%
200
31
107
Mar
41
Jan
7% July
107
Jan
Jan
Jan
2% May
8%
Oil—-—un¬
8%
500
5%
Jan
10% May
4%
4%'
5,200
3%
Aug
1%
,
4Vi
_10c
Co—
Jan
3J%
10
Corp———
Steel
Textile
Consol
225
.100
preferred
Consolidated Royalty
8%
consolidated
37%
6%
Consolidated Mining Si Smelt Ltd- .—5
l
Consolidated Retail Stores,
4%
Sep
Brewing
41
Jan
aa
Jan
37%
300
5%
350
5%
5%.
1%
1%
851%
i-i-.
2%
2
2%
22%
22
22%
;ii
3%
—
lis
4
4%
4i%
.
,4,500
2,500
Sep
Aug
10% July
1%
Jan
900
Jan
4%
1,800
to
Sep
9 %
Jan
Sep
2% Aug
Jan
25%
Sep
1%
Apr
Feb
6
15%
Apr
Jun
Jan
17%
3
2%
Feb
227/a
1%
Feb
3%
iy8
16%
17%
Sep
3
July
Mar
10
Preferred
Gilchrist
Co.—
200
9
—5
Petroleum
5
*
1
common——
Davenport Hosiery Mills—
Rubber Mfg———
Dayton
88
Class A convertible
17%
17
17%
22
22
22
17%
171/4
171/4
32%
6%
32%
35
—
——;—1
6%
6V4
2%
2%
prior preferred-.—.—.
$6
debenture—
8%
convertible
A
Apr
&
Detroit
Steel
De
Vilbiss Co
7%
——10
common
preferred
Diamond
Shoe
Truck
Co
3%
Jan
4%
class
4%
vM
31%
20%
-
22%
'
22
800
1
200
3%
900
21
23
Dominion
Bridge Co Ltd———
200
110
9.%
Steel
Coal B——.—.
9%
Corp
Draper
—_•
—
Duke Power Co—
Durham
Duval
Texas
111
Mar
Jan
5% July
79% Jun
Jan
13
Apr
19%
Apr
.
Mar
%
.
Jan
Mfg
2
Jan
14%
Jan
22
Sep
10% Mar
1% Mar
4% May
2iy2
Sep
30% Mar
10% Mar
Jun
Jan
7
Jan
97/a May
5%
200
5%
12%
Sep
Jun
73%
74
27%
73%
27%
50
57 a
Sep
Jan
21%
Jan
7%
75
Sep
21%
Aug
9% July
56%
Jan
78:
24
Jan
31%
Aug
Jun
66
Jan
76
Apr
2 %
1
-,4
•
Picher
10%
2'/8.2%
.
10%
10%
Jan
200
1%
Jan
500
8
Jan
4
Mar
3
July
11%
Apr
100
preferred
—
.100
—
Eastern
Malleable
Eastern
11%
2,800
7%
Jan
iy8
1%
700
%
Jan
preferred
preferred
Eastern Sugar
$5 preferred
Easy Washing
57%
56%
57%
275
42
Jan
59%
34
33%
35
750
19%
Jan
38 V4
20
Jan
26
■.
t c
Electric
Jan
100
10%
Jan
30
24
10%
Jan
29 Vb
50
35
36
120
5
5
1,700
B———
1% May
31%
2%
9%
9%
.9%
30C
15%
15%
16%
8
7%
8%
35,300
Jan
July
42
6%
Jun
14%
Sep
9%
May
Sep
Jan
2
811/4
82
1,400
42
Jan
82
86
871/4
5,700
43%
Jan
87
48
49%
400
Jan
62
Light 2d pfd A—
:
—
Electrographic Corp——.
Elgin National Watch Co
Emerson Electric Mfg—.—.
Empire District Electric 6% pfd„.
Empire Power participating stock.
Emseo Derrick & Equipments
Equity Corp common—
$3 convertible preferred—
Esquire Inc.—
Eureka Pipe Line common—.
Eversharp Inc common
;——.
.
.—
1
1
7
200
1
32
26
.—4
7%
.100
97
8
800
97
10
Jan
4%
9
July
31
Sep
9% May
97% Sep
88
Feb
Mar
6%
1%
1%
31
1%
4%
July
2% May
Feb
29
.—1
Sep
Jan
*
*—5
y4
Jan
5%
..15
-It
Apr
Jan
82
warrants
38%
Jan
40
July
1%
4,200
%
Jan
12% May
1% July
31%
150
22%
Jan
35
May
2,300
1
15%
15%
100
2V4
Jan
5%
25 V2
5
..50
Fairchild Aviation—
Falstaff
Jan
34'%
Sep
Jan
17 y8
May
7
.1
Engine & Airplane
7%
8%
300
7%
Jan
_1
...
Brewing
1%
1%
1.40C
1%
Jan
-1
Fansteel
Metallurgical.
Fedders Mfg Co
Fire Association
(Phila)
Florida
Power
&
12%
12%
12%
90C
17
—
17
17%
200
5%
Is
——
.10
Light $7 pre'erred
Jun
5%
13
24
30C
3%
Jan
70%
7C
57%
Jan
20C
81%
Jan
40C
3%
Jan
69
Am
dep rets ord reg„.
Motor of Canada—
£1
4%
;
4%
4%
3
Jan
101 Va 102%
70~%
102
10% Mar
Jan
7%
10
Motor Co Ltd-—
Ford
Ford
Hall
Lamp
Co
38 V\
A
non-voting—_
Class
B
voting—.
Motor
Ford
Amer
dep
of
Franklin
6%
Mar
July
July
Jun
70% July
104% Aug
6
May
Conv
Fuller
$3
(Geo A)
4%
800
15%
Jan
21 Va
Sep
Jan
22
Malt
Si
-5
-
3
Hammermill
common..
„1
19%
2%
IOC
2%
Jan
19%
20%
1,100
11%
Mar
.15
20%
20%
200
11%
11%
50
19%
Jan
42
Aug
4% Mar
20 Ya
Sep
22% July
100
57
57%
5C
9
Jan
15
29
_•
preferred
Mar
2%
-1
—
Electric
Hartford
General
Mfg Co
Co
common
•
Jan
44
Apr
45
Jan
64
July
common-
.—II
HI
5%
Gen
preferred series A
Fireproofing
Gas &
For
68%
l
1
*
Mar
Elec $6
footnotes
see
common
preferred B
page
1373.
Jan
10
July
82% July
Jan
%
Co Ltd—
Amer dep rets ord
reg—
General Finance Corp
common-—
General
7% Mar
.IIIHoQ
Alloys Co
Gen Electric
103
.
.
104
,\':k
31%
4% Feb
•
.
.
18%
26%
2C
Jan
40
Jan
,96
13
aa
31
Jan
Apr
108
Mar
% May
•
.
July
32%
1% Jan
.
May
July
12% 'Jun
Jan:
300
5C
July
,
% Sep
11
Apr
12% Jan
so,
32%
•
Sep
4% Aug
v
27
2934
:: 7%
22%
Jan
29%
Sep
40C
37/8
Jan
57/a
Apr
200
,7%
Feb
100
29%
1j'^/4%':/->4%"
80
.
.82 /
:
3%' Jan
56
>
July
8% July
L '>
77/a'.
,
: 8%
67% Mar
85% July
75
127% Mar
140
25C
.
32% : 33%
.8%
:
175
;•'
138% ,139%
27% Jan
36
1,000
5%
Jan
10
July
Mar
Apr
4% May
114
Sep
1% Jan
102%
Jan
107% Mar
4% Mar
100
.
,115% July
6%
Sep
Harvard
4'/a
1;
1%
2%
2%
1,80C
Corp.—
———•
Hearn Dept Stores common
convertible
6%
;
30
Co
Hormel
Horn
.
C)
8%
87a
Horn
&
5%
preferred
7%
11%
70C
21
28%
29'/4
50C
(Harvey)
10%
3,100
16%
100
Humble
Oil
10
10%
16%
v
.5
26 y8
26%
26%
Jan
250
23%
30
34
Hussmann
•
Refining.—
Fibre
Ligonier
Feb
27% Apr
115(4 Aug
20% Jun
Apr
147/a Jan
17%
50
Co_———
76%
78%
9,400
60
4%
4 Va
100
3
Jan
Sep
5V4 Mar
6
6
200
6
Sep
8% July
'•'4,
"l
f— ——
■'
:
•' •<'
rI%
•
"5
/
—50
:
1,700
21
21
■'
■
—«——
1%
1%
.1
■0
Jan
8
'a'
;
~8%
2
300
Jan
1
"1%
78%
A Jan
200
1.
'■
Mar
17%
:
77%/.
^5
Corp——
Mar
4% Aug
105
'
&
Hummel-Ross
Sep
Jun
25
108%
112 "2 113
•••'
-i-
11%
Sep
3% May
103% Mar
,
'
July
6% Jan
16%
'
-
-
■
Jun
PJun
....
10
—
Jan
May
29%
"l
Inc——.—L
11% May
9% Jun
15% Jan
'"1
July
27% July
14% July
Jan"
20C
29%
•
—
Hubbell
Jan
15%
•
common...—i.
Jan
6
30C
23%
-k
& Co common-
Co
77a Apr
11% May
15%
.5
Hardart Baking Co
Hardart.
Jan
227«
Inc.——————
(Geo A)
(A
Horn &
46
Jan
23
10
*
47a May
Jan
4%
2,90(
22% Jan
2.50
M—
Sep
May
x33% May
9
8%
———_5
Hollinger Consolidated G
Holophane Co common
-Border's
Jan
31
July
2%
6
Jan
l'/a
1C
7
Henry Holt & Co participating A——•
common
1V4 Aug
3% Jan
50C
41 %,
6%
—_-—*;
Rubber
May
May
*
common——————2
Heyden Chemical common
Hoe (R) & Co class A—
2
19%
.'Preferred-.——25'
Hewitt
Jun
50
6%
—
'Class:'A—
20C
3%
41%'
67/a
Mining Co—;
_25c
Helena
Rubenstein—;—•
Heller
30
3%
—5
preferred———50
Hecla
25
1,10C
Hat Corp of America B non-vot com—I
Hazeltine
7
Feb
Jan
fs Jan
25
Light
Jan
17%
42
Rayon voting trust ctfs
Brewing Co__.
———3
Illinois Iowa Power /?o—
convertible
5%
Dividend
Illinois
4%'
prejerred
42% ! '.
9%
certificates—^—
arrear
V> 4%
47/a
40%
42%
/
85/e
Co:————————*
Zinc
Jan
Apr
22% Jun
4%
3% Jan
Jun
9% Jun
1
Jan
1,300
25
Jun
3
Jan
13% ;
13
Chemical IndustriesAm dep rets regis.^
£1
Imperial Oil (Can) coupon
*
./ - Registered'-'
—.—*;
Imperial Tobacco of Canada
-—5
Imperial Tobacco of Great Britain &
:
■ Ireland -' „————————£1
Indianapolis P & L 5%% preferred-100
Indiana Service 6 "/* preferred——100
7 %
preferred—4—————100
8,500
13.900
'
10-
500
5
Octi
10
Oct
16%
9% Jan
.
Sep
4214
v
Apr
Imperial
Industrial Finance
7 %
v t
common——!
c
preferred
Insurance
Co
International
of
*—t t—1 O
10%
200
34%
„
',
,
-
.
37
'44
50
,4:
10% July
24
112
Aug
91
Feb
38% July
20%
10
Jan
20
.
160
■;
Jan
Jan
Jan
40
Sep
July
%
-
'
i-r
'
'
''w'w
-
Jan
l%July
15%
Jan
38% July
69%
^
'
Feb
87%
12Va
". —-''v.'.;':
8%
"3%
•
12%
Jan
16% Jun
2%
Jan
1%
Jan
8 %
;',4.:-:-'1:';
100
3%
12%
•
...'
8%
,
3%
12%-
■
850
87%
84%
y'_
,_1
9 Vb
Jan
■" '•
■■
85%
International Metal Industries A——*
Jan 4
16%
35%
37
15% July
15% July
9%
4'!
110% 111%
35%
50
Inc..
600
"
7% July
Jan
10
2,700
133/4
v;;10%
Cigar Machine———•
Industries
14
13%
America——10
North
——
International
5% Mar
4 13%
13J%
——-100
International Hydro Electric—
Preferred $3.50 series
;■
1,100
,44 25
■
Sep
11% May
'4
,
5
May
14% July
International Minerals and ChemicalsWarrants
—_-X——4——
4 8 7/a
8%
87'a
1.600
19%
19%
20%
5,300
19%
19%
19%
300
International Petroleum
coupon shs__•
shares^——-———*
International Products
10
7%
$1,75
1%
8
10 Vb
6%
3%
1,800
250
.•
Jan
% Mar
200
.%
17%
%
.
Jan
Jan
14
500
10% July
Aug
13%
100
10;,.
Jan
...
21% July
21
Jun
1% May
12
July
A
A Jan
7%
July
9%
43
—
43
Jun
Jan
19% July
32
Jan
45 Aug
2
16%
preferred
iu
._*:
prior preferred
—*
Interstate
Home Equipment———1
Interstate, Hosiery Mills———_*
Interstate Power $7 preferred——•
Investors
Royalty—-i-—
——1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute——
1
$3.50
7%-
1 %
International Safety Razor B_
•
International Utility ,class A—.
*
Class
B
———'
—?■
July
3%
Feb
24%
Jun
vT% Jan
4%
Apr
50
—
21%
3%
,
3%
100
'
Jan
'
A
va
400
%
Feb
is y8
18%
125
14%
Jan
21
.81%
8%
' 1% :
300
7%
Jan
10%
i<r
8
—
Italian Superpower A.
%'
1%:
1 i/a
4 Vb
4
5%
5%
Va Jan
3,700
•
Jacobs Aircraft
A July
July
Apr
2
Jun
2%
Jan
1% May
Jun
(Fli) Co—-nl_—
Glass' Co.—
13%
13%
20f
9%
Jan
l
3%
3%
3%
IOC
2
Jan
IIlO
II.*
7%
Feb
14%
14 5 8
14%
40C
xl3%
Sep
•
110
110
IOC
90
Apr
137/a
4 %
Sep
May
8% July
16 Ye
110
Apr
Sep
—
—I
_1_.
•
Jersey Central Pwr & Lt 5%% pfd—100
6%
preferred—
-100
6
July
800
3%
Sep
2%
Jan
6% Jun
Jan
2%
';; /. 25
66
Jan
89
Aug
69%
Jan
97
Aug
10
4%
5%
r
79
Jan
102
Aug
■
—
,
85%'
85%
Jun
——
7 %
preferred—-i
Kokenge Coi__
Julian &
'
.■'
Keith
(Geo E)
Co—
——100
—
preferred
'
7% 1st preferred—
Kennedy's
Inc
Tube &
*
pfd B
1
—+_
19% Sep
115%
Jan
123
May
201/4
~9%
~9%
Jan
40
July
100
"9%
11%
ny4
11%
1
:
6%
Jan
9%
Oct
100
51%
Jan
14%
Apr
5%
Sep
5%
Sep
July
51%
.
—
49»/2
100
_100
:
Jan
K
*
—
„
13%
.100
5
Lamp A
5% preferred D
Kingston
Products
Kirby Petroleum
100% 100%
4:
..100
—
Key Co common
Kings Co Lighting 7%
—
*
V/
J '
Kansas Gas & Elec 7%
Ken-Pad
£j
4
4,500
1
Engine' Co__——1
■
Jacoos
Jeannette
.
Power
preferred
Gellman
/
——10
Paper——
Hartford
.
5 %
51% July
10% Sep
98
Jun
15
—1
Co
stock
convertible
Gatineau
10
Jan
Jun
1% Mar
.
participating preferred—
conv
20%
bearer—.—
Distilling
Grain
Troedtert
20%
16%
Brewing Co
Co
Jan
France—
rets
(Peter)
rox
20%
—
■y
.5
—
-
Class
Jan
.5%
Registered
Fairchild
Jan
4%
1,400
—
July
Apr
12
87%
—-—;
Power &
Option
%
241%
24
1
—
Machine
preferred—
preferred
$5
200
231%
♦
Jun
43% Sep
112
Sep
Apr
Associates—
v
Jan
8% Sep:
Jun
July
"% "u
•
•
Economy Grocery Stores——
Electric Bond & Share common——5
$6
12
-.25
series A
series B
$6
31
13% May
27/a May
States Corp———
$7
Iron———
July
/
,
Hygrade Food Products
11%
1%
Assoc common—
prior preferred—.
4 %%
6%
10
Lead——
Gas & Fuel
3% Jan
,
100
45
1
Mines
1st preferred— i——
Hydro-Electric Securities———
East
.
2% May
76
112
'
30C
42%
Jan
Aug
89%
Co.
Huyler's common—
Eagle
'
Jan
-
—.—50
Gorham Inc class A.
———v._*
$3 preferred—.
——-—*
Gorham Mfg common.:
10
Grand Rapids Varnish—
—1
Gray Mfg CO—.
5
Great Atlantic & Pacific Tea—V
:
Non-voting common stock—
*
7%
1st preferred..
.——100
Great Northern Paper.
—25
Greenfield Tap & Die.
——*
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd—
•
$6 preferred....————-—i.
*
Gypsum Lime & Alabastine—
*
•:
5%
*
common
common™.
Sulphur—
Jan
Wuly
3%
'———•
Hosiery class B
Test Corp
Duro
5%
Harris Co———.———10
Driver
Feb
1%
72
400
25
&
Oct
Jun
1,600
•
Dominion
Apr
6%
4%
9
J5% .'~5%
9%
com—*
A
Jan
18
^
~5%
Industries
33
x8%
1
Domestic
Jan
62 %
——1
common
common——,
Aug
Jun
19%
Jan
1%
.—•
common.:
Divco-Twin
24%
-10
——
Dobeckmun
50
100
700
110
4%:
Mich
Detroit
22
50
—*
—*
—1
Gray Iron Foundry—
3
Stove Co common——_SL
Products——.—.—10
Detroit
18% July
Jan
Jan
1
3
L——20
preferred-—
6%
Jan
15
11%
25
150
50
preferred
Mfg—
Gasket
Detroit
8%
700
100
——.—
Derby Oil & Refining Corp com..
%
527/8
103% Jan
——*
Consolidated
May
100
preferred————-————*
$7
2
40C
30
.42
——*
Godohaux Sugars class A——Li
*
Goldfield
July
% May
2C
.73%
Qlen Aldea Coal—.—
B
64
H
Dennison Mfg class A common———5
Dejay Stores
1%
."74
109. Mil
D
Darby
1%
Gladding McBean & Co———*
Class
82
Jan
.
;*
-.*
——.
High
.
Jan
30
-—.——*.
———
r
61
Mar
11
7,000
2.50
(Mo)—
July
2%
19%
common——
Inc common—
9
30%
7C
—
May
26% July
400
—10
Sugar—
3 Vb
Jan
80%
Georgia Power $6 preferred——w.—.*
$5 preferred—
—.*
Gilbert (A C)' common——
._*
Jun
fi May
4% July
%
5
Atlantic
2% May
90 y2
6% Mar
~2%
"2%
Jun
Jan
aa
-25
Tobacco
Jan
5% Jan
15% Jan
_*
!25c
Cuban
80
*
—
Goodman
2i%
J,
%
fit Apr
Jan
II— .1::;:
29%
28i%
28%
Sep
preferred
$3
Apr
10y8
Jan
13%
~~
Crystal Oil Refining common—
$6
preferred
Curtis Mfg Co
%
79
250
.—5
Cuban
100
General Public Service $6 preferred—*
General Rayon Co A stock.——*
General Shareholdings Corp com—1
$6 convertible preferred
——•
General Tire & Rubber 6% pfd A—100
Oct
77/a May
Apr
300
50
Co————•—
Lighting
500
40
86
Hi
common—.—
Drug Co common.
convertible preferred
Curtis
Sep
4%
37%
IIIi
Crowley Milner & Co
Crown Cent Petrol
(Md)
Crown Cork International A—
Crown
36%
8%
97/a
—50
Liquidating Co
W
15% Mar
1,000
37%
Petroleum—;
Croft
12%
200
12 %
9%
receipts (ord reg) -£1
dep
American
C
15%-Mar
Jan
12%
11%
Courtaulds Ltd—
Creole
Jan
Jan
12
12%
■
preferred—
convertible
5%
9'%
9
600
12
—I*
Reynolds—
Petroleum
Cosden
99 V4
8
preferred A__.
$6
Jan
76
——
&
Corroon
120
99
1
—
Cook Paint & Varnish Co
Inc
99%
99
-100
Cooper-Bessemer common
$3 prior preference—
Copper Range Co—
—
Cornucopia Gold Mines——.
Corox
80
6% pfd—
Gen Water Gas & Electrio common—1
Continental Gas & Electric Co—
7%
prior preferredContinental Roll & Steel—
Outdoor Adv
General
40
2%
51%
40
40
2%
4 Va
2%
4%
70
45
10
32
1,300
500
1%
1%
Sep
Jan
40
Oct
Jan
4
Jun
Jan
5% July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
158
Ended
Week
Oct.
(D
Kleinert
Low
74
%
Apr
15%
Apt
10% Aug
9% July
100
•
10
Co common
(I B) Rubber Co.—
Jan
8%
300
97%
98%
450
13
13%
20O
6%
100
8%
Knott Corp common
......*——~1
Kobacker Stores Inc.**..—
—'*
47a
Jan
10
Jan
July
Navarro
Sep
Nebraska Power 7%
Nehi Corp 1st pfd.
Feb
102% July
convertible 1st preferred-:—.100
4 fo
(S H) special preferred.*.
Kreugcr
Brewing
10
——-—1
Co..**
6%
6%
85
Corp.!
Lane Wells Co Common
13%
14%
—J
B
Convertible preferred.........
Lehigh Coal & Navigation—.....
Development......
Le Tourneau (R G) Inc—...—
Line
Material Co_.___._
Lipton (Thos J) Inc 6% preferred_*._.—
Corp new common- —10
Long Island Lighting common.*..., L*
7 (h preferred Class A_.—***__. "100
>
T
•
ItT
.
v.
1ft
30%
11%
23
2%
■
.100
!■
1
preferred class B——*_. .100
...1
Land & Exploration—
common—
17a July
16% May
Jun
17%
Jan
24
Jan
2% May
16% Jun
12%
Jan
6%
Jan
7%:
103
18%
150
Apr
Au(?
52% Aug
9% July
Jan
4% Jan
2,400
Apr
2%
55
Jan
20!
1,025
27%
9%
{■ft Jan
'21%
125
&
M
1
110
Jan
Aug
29 % May
Jan
Jan
$5
(The B)
munication
Co
•
Jan
90
•*.
4
&
Y
Honduras
Mercantile
Merritt
common—,.*.—*
Jan
24
3%
Jan
Aug
6% May
i A
Jan
2
Apr
300
4%
Jan
87a
Jun
Scott..,
&
148
44%
A preferred—
Textile
7%
102
.—100
1
.
Jan
2%
21
Jan
3,000
£
Jan
87a
,74
Jan
1 Vb May
98%
Jan
1'
Jan
"
,,
T%
,
103
50
2
3,000
40
10
1%
40
.%
%
5%
5%
Mid-West
Midwest
Midwest
Piping
1%
1,100
9%
Mid-West
.50
,
...ZZl
2%
2%
*
2
2
——*
pfd——100
Mfg.
7%
Minnesota Pwr & Light
56
Mock Jud
pfd—100
56%
%
109% 109%
109%
6% July
874
Sep
2
Jun
9%
Sep
97a
Feb
Mar
,
N Y Power &
Light 1%
preferred—**.*
$6
pfd—
Niagara Hudson
5%
1st
5%
2d
Jan
1%
T
1]
19
Jan
Mar
2% July
2% Sep
Apr
50,
Jan
59 % Mar
Jun
Class A
Class
A
preferred—,
Niles-Bement-Pond
20
North American
Class
112
8% July
Jan
12
4,700
474
16 %
B
2%
1.400
convertible
American
400
1% Mar
100
57a
171%
80
,
21%
21%
30%
21%
31
50
4
163
7
Jan
Apr
Jun
17a May
774 May
180
Jun
'
21%
Jan
2374
150
20
Jan
33% July
%
1374
Jan
20
Aug
11272
Jan
129
July
2
1%
5%
5%
..*
9
—.2 %
Jan
27a Mar
67a
1574
Apr
600
Jun
1074
Apt
600
54
30
42
Jan
1/64
1/64
Central
RR
Jan
107a
57
Jan
10 i
Apr
69% Mar
1
17a
Jan
1574
Sep
2
16,400
2$
May
287a July
40
40
40
100
18
Mar
40
12%
12
12 74
400
12
Sep
50 %
507a
50 7i
100
4472
Feb
54
July
11%
117a
U%
6.600
87a
Jan
12
Apr
474
-50c
..50
National Fuel Gas
4 7a
100
National Mfg & Stores common
National
Rubber MachinerySteel Car Ltd
National
National
Tunnel
National
Union
For footnotes
*
&
,
page
■
774
*
10
17 74
10
1074
50
'
*
8
7%
1074
-
*
—12.50
1373.
—30c
Feb
12%
Apr
9 74
100
374
%
74
July
174 May
3%
Jan
asa
Jan
575
5274
Jan
98
Sep
Jan
34
95
92
937a
12,900
2274
"%
*
474
-
Jun
74 May
.
Jan
34
July
July
5174
Feu
53
Mar
74
Feb
174
Apr
4
Feb
6
Jun
82
Jan
104
2374
100
Tif
—5
4%
100
4%
—50
10^
pfd.100
100
class A
Power
Corp
110
103
674
674
;
10
110% 110%
25
_♦
*
—
Ogden Corp common
Ohio
Brass
Ohio
Edison
25
$6
B
24 74
50
17%
17
'
—*
*
'
4,600
2,300
50
800
—
~H
12%
■
12.74
400
—
274
2%
200
37a
37s
20
common-
preferred
Ohio Power 472%
Ohio Public
4
class
Co
Aug
11074 Sep
10274 Mar
400
47a
Jan
874 May
25%
500
16%
Jan
2772 May
3%
400
7
1st pfd.
Oklahoma Natural Gas
114
.100
10
20
1174
12%
-15
18%':'
1874 ."■18%"
-50
5474
5 4 5/a
Overseas
Jan
Jan
874
300
i
-fy Jan
2% Mar
Sep
July
1274
19%
Oct
Apr
557t July
48
50
110
Feb
117
May
Jun
8
Feb
3%
Jan
8
Jun
3 7a
Jan
7%
Jun
874
Jan
113
113
—
1
674
67a
■"
Pacific
Can
Co
common
—
l^t pfd
preferred**.*—***
Lighting $5 preferred-.**,
572%
'■■■
Pacific Power
Pacific
&
Public
$1,30
Light 7%
*
400
''4\j,
Jan
»
23
3574
■/
•
,
V
>U-::
,
preferred...
•
Page-Hersey Tubes common
•
Pantepoc Oil of Venezuela Am shs.——
L'Ji;
Motors
Corp
—
_10
...
Telephone
preferred A
$1.40
1674
*.
..
1774
:
*
1
*
,
7
5
Pennsylvania Edison Co $5 series pfd_*
$2,80 series preferred*
**
86
Jan
Sep
28
Penn Gas & Elec class
Salt
15,700
V
37
37
Aug
33%
Sep
Apr
574
Sep
Sep
Sep
Jan
65
277a
25
Penn Water
Jan
39
Jan
95
Pepperell
Co—
100
*
Pilaris Tire & Rubber.—
^**
common
;
;7
2
100
Phillips
Packing
Securities
Pierce
Governor
Pioneer
Gold
874
E
600
4
; .Jan
1,700
5
Jan
'8%
874
\
•
2
/
Co*.
common
Sugar
Jun
Sep
Pratt
& Lambert
Premier
Gold
—
*_
Co—.
—*
Prentice-Hall
Inc
-•
,1
272
Jan
Sep
6
Jan
77/a
Jun
38
,
Jan
427a
Jun
4774
Jan
65% July
100
10%
Jan
1474
94
1,000
84%
Jan
9774 July
300
274
Jan
874
Jan
372
..
—
—
1%
134
.
—
25%
1
1
42
27,200
A
Jun
15.
Sep
174 May
Feb
1074
200
Sep
253,4
l iV
300
1,900
10
—
474
Jan
7
Apr
574
63/a
42
42
Jun
13% July
Jan
374
—
25 7z
474
1274 Mar
500
1°
874
1
17a
Jun
Jun
770
10
•
common.^
1374
.
174
.
Jan
11%
..
-*
—
8 74
July
July
6 1 74
374
—•
30
93
,
5
Mining
9 7a
Jan
4,500
>,400
Sep
Jun
11%
160
....
25c
of Canada..:
34
Feb
Jan
774
Jun
July
July
Sep
9% July
474
_*:
Alexander——*—*—5
&
Power Corp
7
8%
2%
2
7
6174
,.10
*
tV
__
50
common.
34 74
100
2674
25
*.
—50
Pittsburgh & Lake Erie—
3172
Jan
2,300
7
7
26
Pittsburgh Metallurgical
—10
Pittsburgh Plate Glass.—.*—,
..25
Pleasant Valley Wine Co.—
1
Plough Inc common...
7.50
Scale
*_
i
217a
—
1
.1
Meter—*
125
150
67a
_•
RR—
Jan
104
33%
*-
7
Ltd
Postage
L
&
25
...
common
Mines
Pitney-Bowes
Pitts Bess
pfd
69
6
Co_„
common.:
3
Jan
33
♦
July
74
Jun
5178
Apr
Sep;
Sep
100
173
274
400
11874 123
„
1
Philadelphia Co
65 74
Jan
74 Mar
%
"
■.
63 74
65
105
Jan
74%
20
—
*
Perfect Circle Co
95
174
Jan
150
2.50
Power Co.—
Mfg
95
76
400
.
20
Co
&
10174 103
Aug
3272
V*
50
—
Jan
44
10172
....
Penn
1974 July
Jan
A com——•
Power & Light $7 preferred—*
preferred.—*...
•
$6
24
Jan
30% Aug
374 Jan
:2874
„
37
July
97a July
674 Apr
Jan
974
**
5 7a
474
Jan
14
__
:'•**'/• /v"**"
Sep
Aug
6
500
•
„•
—25
Sep
574
19 74
3%
100
.*_/
*_
9874
Feb
7274
28,900
,
1
common.,
Pennroad Corp common
97a
>66
Jan
Jan
Jan
15%
—
874
8%
33 74
374
:
__
l
102 74
—
__'-/.v/■.:..*//7**;V
Paramount
1
Jan
'73
10
*.
1474 Sep
3674 July
July
109
Aug
Jan
2874
**■
95
■
__
1st
31
1,400
—
95
__
..**
3574
35
■—"v'-'r•:**'-''•■"7
**,.•■'
pfd—.100
Service.:
J5~
__
25
1st
Pacific
Jan
x9
Jun
Jan
3074 July
19
'■
%
Jan
lao"
43
Jan
34
Sep
Aug
13% Aug
47a
Sep
Pressed
Metals
Producers
of
Corp
America.
of Nevada..
:
Prosperity Co class B_
:
102
Jan
8
Sep
6%
1st preferred
674
Jan
13
May
7%
1st preferred—
Feb
53
July
9%
Jan
21
May
7
Jan
874
Apr
11
•lan
13%
Apr
1% July
% Jan
2%
Feb
Pyle-National Co
4%
Apr
Pyrene
July
Public
Service
of
1
*
Gas
Jan
3 74
40
Jun
100
54%
*
Securities
11774
112
Jan
1674 Aug
1
1-1
—
5%
7
•
Oliver United Filters B_*___*_*.
103 74 Aug
11572 Jun
1067*
300
12%
common.
Omar Inc
22 74 May
Jan
103 74 Mar'
...5
—
Jan
Jan
107
.100
preferred
$572 conv prior preferred.**..
$3
2%
177a
01
50
330
117% 11774
.100
preferred-**..
Service 7%
1st preferred
Oilstocks Ltd common*.
20
10272 103%
114
114
1027a
6%
87%
-4
__
•
Mines
Radio—
see
♦
•
National Sugar Refining
National Tea 5 7a% preferred..
National Transit
■
103 7a
Jan
May
O
Providence
Light $6 'pfd
common
Jan
874
500
1%
374
Feb
U May
6 7a
874 May
% Jan
2,800
—•
Texas Oil—
Polaris Mining
common
&
11«
Jun
Jan
B1
!iV
iV
fs Sep
3«
7t
107a
3%
83% July
76% July
1/128 Jan
600
10
preferred.**...*.
Novadel-Agene
Pneumatic
....
Power
5,000
*
..5
Co
Sep
58% May
Jan
71
147a Mar
472
12%
12
*
.100
Refining
Jan
24,900
79
70%
Sep
5%
National
1%
"3"
7774
-50
Traffic
common...—•
National
11174
Jan
Utility Securities—^•
Penn
Jan
preferred..
23
Jan
"274-
*__
Penn
July
21% May
,7a Jan
1%
7%
171
171%
Jan
7%
1%
.
Candy Co—...
$3
Sep
10274
27a
Rayon class A
common.
13
Aug
8
Jan
common...
May
1474
70
,——100
Mfg Co_„
Sugar Prop common
IV2
City Lines
July
July
500
——
12% July
Jan
400
Aug
4%
National
105
71
6% prior preferred
Penn
100% Jan
5%
200
J ■:•
800
...
112
Feb
78%
... ...
t,;
Jan
9%7a
36%
Corp B—
—1
Nipissing Mines.*'..
*..
...5
Noma
Electric—*..**—**.*.
,.1
North Amer Light & Power common—1
$6 preferred—*—**.^
•
Phoenix
common-
102
70
Nineteen Hundred
Powdrell
Hess
2474 May
13% July
157a
1474
optional warrants
Potrero
Bellas
100
97% Aug
f ',v
400
National
Jan
18
110% 11074
10
Class B optional warrants—
Niagara Share class B common**
Peninsular
N
National
474 May
872 May
1074 Mar
*
National Breweries
Jan
100
preferred
preferred
Jun
& Tel——100
Nachman-Sprlngfilled
300
Jun
Jun
6874 Mar
Feb
100
Power common.,
Apr
17%
•
.***—;
23 72
.100
Apr
12%
—,—10
—*
,
11074 1117a
87b
1,400
50
July
2
Muskogee Co common
6% preferred—..,
22%
103% 10374.
2%
11%
.—1
Murray Ohio Mfg Co
Muskegon Piston Ring
Feb
111%
35%
Jan
2%
Mountain City Copper common
00
Mountain Producers——*—,
.—10
Power
July
31
10374
Phila Electric Power 5%
States
4
Jan
Founders
shares
1
N Y State Electric & Gas $5.10
pfd.100
N Y Water Service 6%
Parker Pen Co.
21
Mtge Bank of Col Am shs—
Mountain States Tel
Jan
274
•
1% Jan
12
Montgomery Ward A—,—————'*
Montreal Light Heat &.Power...—*
Mountain
1%
28
preferred—100
—*
67s
100
16%
common——„1
Moody Investors partic pfd—
300
9
217a
Shipbuilding Corp—
20% Jan
450
200
>:
17
—_—1
Monroe Loan Society A—.
Montana Dakota Utilities—
Apr
774 Mar
Jan
11%
Voehringer common.....2.50
Pictures
27a
-10
Parkersburg Rig «fReel__*._*
Patchogue Plymouth Mills
1,000
—
—
Monarch Machine Tool—.:————*
Monogram
17a May
90
Missouri Public Service common—•
Molybdenum Corp
27a
•
IIlO
....
*
Pacific Gas & Elec 6%
67i
Jan
157/a Jan
'■
Mississippi River Power 6%
Sep
,
2 74
Sep
7a Mar
Jan
14/
———
Mining &
28%
1%
1%
8 %.,:;• 8 %:.
8%
50
* ■
Mining Corp of Canada—...
Minnesota
20
28
——
Refineries
Jan
111% July
{.74 Jan
4% Jan
2,900
20
Supply—.—.
13 74
5674
200
Jun
8
.10
&
Jan
100
1,000
7%
Feb
Apr
,1
Co.*
474
19 74
59%
37a July
40
Jan
x3%
Products—
common
2%
.
5%
700
300
9
common——...*—8
Abrasive..
Oil
108
Sep
4% Mar
100
5%
8 %
1%
$2 non-cum dividend shares.*—,
Midvale Co
Oct
Apr
!%
Midland Oil Corp $2 conv preferred—*
Midland Steel
51
Jun
Jan
300
4%
Class B v t c—1
Corp
20?
2,100
7%
5%
1
Petroleum class A v t c.l
West
4%
4%
2.50
——*•
—
%
iV
.
Preferred————*——10
States
.
108
—1
Micromatic Hone Corp
Jan
1% Mar
Corp.—————25c
Michigan Steel Tube——
Michigan Sugar Co.—
Middle
125:
:
1,700
.v,
Michigan Bumper Corp
,
50
47a May
137s May
x 150 74
Sep
Jan
1,600
51
6%
71/4
Participating preferred——*—15
Metropolitan Edison $6 preferred——*
Middle
149%
3%
-
3%
1% Jan
8:
1,400
10
——*
Messabl Iron Co—
Metal
}■
3%
500
3%
9%
9%
——
7%
3
7;
51
Chapman
Warrants
674%
3
148
Stores
Rosario.^
Merchandise..*.*,
Sep
10772 May
Mar
100
5%
%
7%
7%
Z—*
;~~y
Co—
Gas common.—. ,1—5
&
Jan
7%
Jun
Jan
300
5%
;
1
Dredging...:—.—
Memphis Natural
87%
140
106
'*-1
35
t,:
Mead Johnson
18
Jun
-
Jan
26
—*4**—.
Massey Harris common
McCord Radiator & Mfg B—.
McWllliams
53 74 July
r
Marion Steam Shovel
c—
57a May
Jan
Sep
lr
100
33%
Com-
Marine
Mass Utilities Association v t
67a
2
33%
Ltd——_—.*.*
Margay Oil Corp.
Jun
■.i V
Co*-**—-,
Mfg Co—.
International
Marconi
2%
Jan
2%
57.:
.
common
Northern States
Manischewitz
Jan
Jan
III*
Y
7%
f;
Mapes Consolidated
1
25%
5774
...1
N
Co
NoiMndiana Public Service 67a
300
Stores..—.;
—..—..—1
convertible preferred..—•
Jun
1174 May
574 May
"774
common*——
N
North*Penn
■
4,
Mangel
50
700
City Omnibus warrants***..
Northern
1%
6
.
5974
1.25
Arizona Land*.
Process Co
North
Manatl Sugar optional warrants.
3%
Jan
1974
Y
Sep
f%
'2,200
49%
27
—
12%
4,700
1%
7%
Jan
700
52 SI.
48%
7%
Jun
5 % Mar
32% July
Louisiana Power & Light $6 pfd—
Corp
21 '
Jan
7%
8%
%
52 "
100
487a
105
—.
N
N Y
24% Jan
500
50
Jan
Oct
Sep
9%
——.
Auction
Jun
200
„
47a
47%
4874
—*
Jersey Zinc
Y
9% May
% May
14%
8%
1%
Feb,
11%
Feb
4%
100
2%
14%
8%
Louisiana
Lynch
101
Jan
Jaio
23
-
1%
14%
•
V
Sep
1%
21%
114
Mar
1,100
11,900
30%
11'
—
Lone Star Gas
6%
,7
■
"5
Locke Steel Chain...———..
8%
7%
v.
■
—*
Brothers common..
Feb
12%
8%
.29
Lit
Feb
% Mar
-5
.
Apt
6
19% May
2% Feb
1
•
—•
25
1
Leonard Oil
Apr
IV*
6%
100
10
•
*
Lel'court Realty common—_—•**
14%
3%
Langendorf United Bakeries .class A—*
Class
Jan
Jan
100
10
__1
.....
Jun.
8%
100
3%
39%
20%
3,500
3%
Jan
2
13%
(N J)...
.100
*—-.1
Lakey Foundry & Machine....*,
1
Laipson Corp of Delaware...,
—5
Lane Bryant 7% preferred—***—100
Feb
3 7a
Tel & Tel.——
N
Lake Shore Mines Ltd......
47a
England
New
60
10474
High
Jan
30
114
6% July
47a
New Mexico
29%
f 127a
3%
774
114
400
1-5
*
Haven Clock Co..i
New Idea Inc common,
29
Range Since January 1
Low
217a
...*
New
29 Va
Shares
High
20%
lioo
preferred
.100
New
RR
Low
21%
—*
England Power Associates
preferred
—*
preferred
6%
$2
New
Lackawanna
for Week
of Prices
„
14% May
Jan
Co.......
(Herman)
Sales
Range
Last
Sale Price
1
Neptune Meter class A...
Nestle Le Mur Co class A...—...
Sep
12% Mar
Oil
Nelson
New
Kresge Dept Stores—
Kress
Week's
Friday
Exchang®
Oct.
Par
Sep
10
Feb
92
69
98%
preferred——*—*—100
Curb
Ended
High
%
9%
%
—
York
Wteck
R^nge Since January 1
13%
1
Emil)
Koppers Co 6%
New
Shares
High
Low
Par
/
Kirkland Lake G M Co Ltd
Klein
of Prices
Sale Price
1
STOCKS
Sales
for Week
Range
Last
Exchange,
Curb
Week's
Friday
STOCKS
New York
>
1371
*'
8
...
—
Jan
774 July
in Jan
7a May
87a July
3%
A
__
.
—
7t
8
—
900
200
—
4
Mar
7
Jun
—
.100
100
—
—
1
107
20
Apr
109
107
—
104
Apr
Puget Sound Power & Light$5
prior
Pulp & Timber
common
Manufacturing
Sep
11474 Aug
127a
Sep
1174
117a
1274
59,100
9 74
•
97
96
97 74
450
x9434
Sep
127a
1272
100
774
Jan
1374
Sep
—
15
Jun
.—10
preferred
Sound
<
107
*
Common
Puget
874 Mar
Colorado—
Sep
5
;
*
872
Jan
—10
77»
Feb
120
Aug
9 74 May
THE COMMERCIAL & FINANCIAL CHRONICLE
1372
Friday
STOCKS
New
Ended
Oct.
Low
New
Range Since January 1
York
Low
High
High
.
Curb
Oct.
I.;'./
■/■
•
Stinnes
(Hugo)
Friday
Week's
Sales
Last
1
of Prices
Low
POt
/
v
Range
Sale Price
Exchange
Ended
Week
lor Week
Range
Par
STOCKS
Shares
of Prices
Last
1
Sales
Week'8
•
Sale Price
Exchange
Curb
York
Week
Monday, October 4, 1943
Corp
5
for Week
Shares
Range Since January 1
High
Low
11
1,200
83
90
70
Jan
92
150% 151
230
146
Feb
158
.100
151"
July
13
July
Mar
,
Swan Finch Oil Corp
R
Radio-Kelth-Orpheum option warrants-
Securities
Railway & Light
^*——15
——-■—
17%
52%
17%
200
"•5% : 1%
6
Jan
18,000
52'A
52%
13%
Jan
7% Jan.
1% Jan
150
.
43
20%
6%
Sep
Sep
52%
Jan
Jun
13%
12% Mar
Oct
'■'! 15 / •;■ Sod 1
8% Mar
,
July"
11% Sep
213% Jun
10% July
•
Jun,
Rome Cable
$.1.20 convertible preferred-——.
Royal Typewriter——,—
Royalite Oil Co Ltd—:
Russeks Fifth Ave————i-?
Aeronautical Co—;
Consolidated Petroleum.-—
11%
21/4
19
Mar
Jun
51
Mar
19,000
%
21%
Jan
24%..
"3%
"*3%
1%
2,100
7/
700
1
3Va
9%
l'/a
3%
700
400
%
ft
1,500
1% Jan
ft Jan
161/4
3
100
200
10%
1%
:/
'
2%
2%
1,400
100
16
60
900
49%
Feb
"6 I' ~6%
2%
1,400
3%
200
3%
5%
800
3% Jan
31/2
,
-,5%
■
—1
'■*»*•"
69
Jun
22
Apr
7
'■/
III
1%
1%
1,400
2%
2%
100
1%
Apr
13%
141/4
200
13%
6V4 Mar
Oct
7%
8%
60
6%
19%
7%
102
1,200
4(4
Jan
2
Jan
62
4%
700
2% Feb
6%
57%
%
Sep
Jun
July
5%
Jun
11% Aug
3
May
Jan
1% Feb
;
53
Jan
67
Jun
102
Mar
109
July
107
Mar:
115
56
180
57%.
-T-
1
3%
_1
——10
—
8%
% Jan
4%
—-
warrants—
lt>
14 Va
n
Feb
900
ill; Jan
4
May
15%,
7,000
6%. Jan
16
Jun
8%
8%
66 Va
66%
:4%
3%
—
—
Tung-Sol Lamp Works80c convertible preferred—.
•
—1
*
/:•
/ 9
ft
10%
1% July
8% July
39
1,150
43^
Jan
7% July
4% Jan
3,3u0
68%
,
1,100
11
10
6%
Apr
68% Sep
Jan
1% Jan
500
;
Jan,
7a
200
,1'/
•'#!. Class /'A———-i.———-1
Sep,
1
33/a
3%
-
Chatillon Corp—
Tubize
Jan
17% Jan
6,700
Jun
15% July
114
July
7
July
22% Apr
Mar
3(4
400
,
Triinz; 'Inc-————
,2% May
ft Jan
112%
5%
19%
'
Tri-Continental
Sep
5% Mar
Sep
112
5%
26% July
-100
—
Trans' Lux Corp.—
Transwestern Oil Co
18% July
3% Jan
6% Jan
—100
preferred—
preferred
Tonopah Mining of Nevada-^—
7%
53/4 July
Jan
3% Mar
17% Mar
43
Toledo Edison/6%
Mar
.
1,700
2,900
6%
Todd Shipyards Corp-—-—i———-*
Apr
4
Feb
19
*
Apr
1,600
13%
Tobacco Product Exports---——,
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis
Amer dep recs def reg__
11% July
2% Jan
5
59%;
59%
17
Jan
18
4%
112
—5
common—
4%
23%
13%
Tobacco & Allied Stocks
107% July
7% Jan
18
4%
1
—20
%
Jan
,
Sep
1% July
4% July
Aug
13
I01/4
5
10V4
Shovel Co
Tilo Roofing Inc—:
1
——.
Tishman Realty & Construction- —1
53/1 May
Jan
91% Jan
—/
5
Jan
.
Thew
29% July
13% Apr
Jan
3
3%
23
13%
Texas Power & Light 7 % pfd—— Zxod
Texon Oil & Land Co——
—2
14% July
2(4 Oct
Jan
400
1%
24Va
.1
—-*■:
—.
2% Jan
1,800
2Vi
91/2
Taggart Corp common
Tampa Electric Co common
Technicolor Inc common
Jan
—*
Haynes common
14% July
% Mar
13%
100
15
24%
Elec 6% pfd D—100
Pendleton Inc—-v
Corp common—/—
Roosevelt Field Inc-—-——Root Petroleum CO——
Roeser &
.
49
Reed Roller Bit Co———
*
Reliance Electric & Engineering———5
Republic Aviation-—-————1
Rice Stix Dry Goods———————
Richfield Oil Corp. warrants—
Richmond Radiator——„———1
Rio Grande Valley Gas Co v t c
1
Ryerson &
Jan
100
lOVa
10%
Manufacturing common—50o
Red "Bank' Oil. Co
——.
—
1
Ryan
Jan
%
2%
J an
7%
21,400
15.
15
Raytheon
Ryan
/%
ft
25
% '
Raymond Concrete Pile common—
*
$3 convertible preferred
———
Rochester Gas &
1%
121/4
12'/a
1%
Sep
r
Voting common————--——-10
Railway St Utility Investment A——-1
Rath Packing Co. common
10
,
1%
12%
1%
11%
Sullivan Machinery
Sun Ray Drug Co_—
—-1
Sunray, Oil,
1;;'
5% % convertible preferred
—50
Superior Port Cement class B com——*
Feb
13
82
Quaker Oats common——
6%
preferred————
Quebec Power Co
•
High
% Jan
Stokely F<jods Inc common
:
„50c
■Stroock (S) Co—---—„ •';
5
Va-May
11
Sep
Jan/
u
Corp Ltd
Class A $2 conv pref.—
St Lawrence
,
St1 Regis Paper common-——-—
.
13%
50
5
;
preferred——————100
7%
Qil Co——
United Corp common
Dome
Samson
common—-——--—-—*
common—0——1
preferred—25
Scovill Manufacturing
—25
Scranton Electric $6 preferred—-—*
Schiff
(D A)
■
1%
52
50%
54 <"
28%
10,700
2,175
22%
28%
Scranton Spring Brook
%
/ 400
Co
52%
Securities Corp General
48%
523/4
200
11%
•
common
11
11%
600
Segal Lock & Hardware.———
Seibarling Rubber common——
Selby Shoe Co——
————
Selected Industries Inc commonConvertible stock—————
$5.50 prior stock—-—i—
Allotment certificates
_♦
16%
/;■/,'■ 50
.100
51%
68% x69%
50
52%
Jan
Co
May
1% May
10
May
723/4 July
73
July
...
.it it
31/4
3%
5
1,400
14%
100
943/4
95 »/2;
117
pfd series AAA—-——100
3V*
200
.
3%
14%
3 %
,117
.
14
13%
Jan
:
4
16%
Jun
Apr
Jun
100
July
119% Jun
111% Apt
150
4%
8% July
.
Jan
Jan
83
200
10
14
Sep
2% ,Jan
14
12%
*
% May
ft Jan~
y
100
63/a
6%
.
100
Jan
13% July
143/4 Sep
10% Mar
Simmons-Boardman Publications—
$3
common———!
Simplicity Pattern
26%"'
2%
■
100
2%
26%
convertible preferred——,——•
500
21% May
1
175% Jan
Manufacturing Co
100
Co Ltd—
Amer dep rets ord legis.——£1
Sioux City Gas & Elec 7% pfd—100
Solar Aircraft Co—...—————1
Solar Manufacturing Co—..——
1
Sonotone Corp—————1
Soss Manufacturing common—:
1
South Coast Corp common
1
•/'South Penn Oil—25
Singer
26%
'Jan
Sep
2% Aug
241
2%
Jan
100
2
Jan
3%
33/4
800
2%
Jan
4% May
4%
:: .4%
4%
500
1%
Jan
6
.3%
200
2%
Feb
40
3%
41
500
37%
Jan
25
443/s
443'8
10
preferred B_—————25
preferred series C———25
32%
32%
700
31%
313/a
100
1%
lVa
100
/
41
preferred
■
1%
64
dep rets crd bearer——
dep rets ord regis—
Convertible
preferred———...
Standard Dredging Corp common-:
$1.60 convertible preferred
Standard Oil (Ky)
Standard Oil
..
pfd
Standard Poxfer & Light-
;
Common class B—-
63
3%
•3%
Apr
7%
Jan
6% Jan
.—1
900
For
-
Co
footnotes
„
—.-
page
23
Jan
353/4
Jan
Sep
%
Apr
900
Va
Jan
% May
434
43/4
2%
800
23/4
Jan
200
%
Jan
6%
1,600
2%
5% July
2% Sep
1
May
6% May
19% Sap
3
July
2%
1
1
% Jan
6%
19.
6.
19.
.
19
200
_v_
■
—10
.
,
12%
18%
17%
18%
3,600
Jan
Jan
12%
110
"_,/4 "ft
Jan
1% Jan
13
1
900
Jan
Jan
Jun
17
July
18%
Sep
113% Aug
3S2
Jan
A
io
59%
Jan
150
16%
Jan,
60%
500
60
7%
'
&
8%
:
••
-
1373.
1%
ctfsZZl
6%
Jan
ll3/4 July
3/a May
ft
1%
'
1,100
.200
ft Feb
•'
ZIl
ZIso
IZ-Z20
1%
Jan
1
1
54
,
July
13
13
150
9
Jan
'5%
400
2%
Jan
•
200
•
—ZZZZZZZZZl
common—ZZZZZIZZZ*
see
1%
130
353/4
—20
5 % 2d preferred—
—_
Sterling Aluminum Products.
-ZZ-Z-1
Sterling Brewers Inc
ZZZZZZZl
Inc
4% May
Jan
3
1%
——1
July
$3 cum & participating pfd
3% May
iVMay-
ft May
Sep/
13
5.%
5%
.
ft Jan
35
2% May
1%
13
5%
Feb
7%
44
Jan
July
Oct
10%
1Q
10
300
4
4
100
1%
Jan
Ik
Jan
6%
7
375
2%
Jan
6%
Jun
56% Aug
Jan
Sep
Sep
-12 % May
4% July
1% May
7
May
.
•
1%
10c
United Gas Corp common—
-1
2%
«
120%
warrants————
%
.'
ft May
r
119% 120%
2,150
*
ft
A
1,700
7,000
.
.%'■'
preferred
65
57
58%
H May
Jun
Jan
%
(4 Jan
6,100
21%
12,300
58% Sep
Jan
29% Feb
;
93
.
4% Jun
3% Mar
rets ord regis
10
255% 255%.
z %
%:
United N J RR & Canal Co—-^100
—25c
—10
United; Shoe Machinery common
25
250
—-25'
United Specialties common—
S Foil Co class B—
45.
72
;
44%
_
45
1%
6%
Graphite common
——5
U S and International Securities—*
$5 1st preferred with warrants——*
">a
42 Va
Sep
47
200
7%
1,800
U S
Rubber Reclaiming
Wall Paper
Universal Consolidated Oil
V 3
Va
300
60
% •'
2
V?
2%
Jan
Jan
374
Jun
1% Jun
1,000
*2(4
Feb
% Aug
ft Jan
,
3
1% Jan
Feb
2,600
-10
11
Jan
1% Jan
:
—2
—.
Universal Cooler class A
"Class
575
3%
(4
100
73%
■V
50c
United
•
%
v
%
•
7Va
if"
:
"""*;
Universal
Pictures
1%
1
300
I.'
common---—
17%
18
20%
1
Voting trust ctfs;-—_--i———
Universal Products Co—
20%
'
■■
Utah-Idaho Sugar——————
Ill,
Utility Equities
$5,50 priority
—1
■
Utah
•
14%
2
.
42%
44%
stock
47
75%
3/a
30G
1%
1%
76
3
May
68% July
/
Jan
49
4%
Jun
2% May
Jan
13
35C
76
20% May;
Jan
2
1,00C
Apr
19% July
Jan
Feb
423/4 Sep
2,200
■
4%
4 Va
10c
common-
Jan
16
Aug
-15% Aug
Z-5.
Utah Power & Light $7 preferredRadio Products———~
2,100
5C
Apr
7% Jun
23/4 May
22
July
18% July
Feb
15
1%
~-8
Insurance————
Universal
1%
.
13
4% Feb
-
B—————————
July
6(4 July
8% July
Aug
1% May
80% Jun.
Jan
4
2% Jan
100
•
United Stores common
.''
10%
72
723/4
U S Radiator common————1
Sep
73% Sep.,
370
-
Jan
•5%
:
Jun
63
'
10
U S
Aug
%
5%
700
.73%
v5%
-1
—1
;
——
:
72%
260
Feb
ft Jan
2% Feb
ioc;
.
—
Preferred
July
July.
<.■
United Profit Sharing—
10 % preferred—.
U
39
Feb
80
participating preferred—-——*
United Molasses Co Ltd—
Amer dep
Jan
%
May
4% Jun
123
July
:
18 May
% Jan
ft Jan
United Milk Products—
$3
16
Jan
115
ft
'■"/
17
July
57% Jan
1% May
Jan
57% Jan
% Jan
10,200
10,200
6,400
3%
class B—
Common
1st
%
.
2%
United Light & Power common A-
$6
1%
10
1st $7 preferred non-voting-
Option
1%
ft
7% July
3
July
14% May
6(4 Jan
12
Cigar-Whelan Stores—
United Corp warrantsUnited. Elastic Corp
/
500
9%
9%
—*
common
1
Valspar Corp common
$4 convertible preferred
Venezuelan
lVa
1:
—-
% Jar.
Jan
60C
1%
26%
70
12
9,500
80
10%
27
10 %
—5
Petroleum.
80
6C
4%
76
Sep
1% July
July
32
12
Jan
.100
Sep
44
Jan
81
Sep
.7%
Virginia Public Service 1% pfd—
Manufacturing—
Vogt
6% July
9 3/a Sep
July
4% July
'
Sterchi Bros Stores-
3V2 May
Feb
♦
-
Products
12
%
1
—
fj B)
Jun
■%
—i
-
class B
St Co common—.
Stetson
121%
100
4
35
IIIi
Starrett (The) Corp voting trust
Steel Co of Canada—:
Sterling
64
Mar
43/4
—
Products Co—
1st preferred—
Aug
May
July
—;
Standard Silver Lead
6%
2
800
-100
»
(A)
Jan
Jan
3
900
Jun
%
—10
Stein
Aug
Sep
,/'
•
Standard Tube
32
%
30
9%
10%
10%
353/4
——
Spencer Shoe Corp———_.
*. "*•"*♦/
Stahl-Meyer Inc—;—
Standard Brewing Co——— 12/78
Standard Cap & Seal common—. ,_„1
■Preferred ' ——;
33
Feb
1%
300
Sep
Jan
28%
5%
9%
10 y4
Spalding (AG) & Bros—
—1
1st preferred—-——;
——•/■"
Spanish & General Corp—
Standard
44%
Z29%
Phosphate Co————-10
(Ohio)—5%
32
Jan
115
64
Pipe Line——_———
10
Royalty Co—-———5
Amer
Jun
4% July
49 (4 Jun
28% Mat
—.—-100
southern
Amer
4% July
5% July
40
England Telephone—100
Southern
Southland
/
Jan
300
4
,
Colorado Power class A—-25
Southern New
3%
500
10
Pa Pipe Line
California Edison—
original preferred-
Southern
*
July
3%
5%%
7 %
Mar
106
3%
Southern
6%
5
Jan
"3%
Southwest
5%
3% Mar
96
3
3
2
2%
,
Canada——.—*
United
Apr
Singer Manufacturing
of
United. Aircraft
:■
6.%
common..——
Jan
"
Sherwin-Williams of Canada———J•
Silex
■
Gas
United Chemicals
17
Jan
7%
Shawinigan Water St Power———-*,
Sherwin-Williams common—;—25
cum
July
1% July
9% Juri
;
13,% Mar
Jan
7%
68%
1,500
%
68
——5
Mining^
3% July
46
Jan
T\ /; %
3
-5
.25
May
16% July
Jan
4 Ms
Sep
58
Jan
3/a
150
17
%
Seton Leather common—.
Denn
1
Sep
July
27
29%; Feb
2,700
300
.8%
8%
v
4
—1
Serrick Corp classB—:——
Shattuck
54
32
"44 % Apr
v..;; 7%; Jan
-■
—1
Control
Sentry Safety
Jan
Jan;
/;
200
40% 41
1"
1
1
4
Union Investment common
16% July
; 1% July
2.5% Jan
1
—
Seeman Bros Inc——-—-—
Oct
/Aug
3% July
z
Jan
17% Jan
Water Service—
preferred.—————*
Scullin Steel
9%
2%
5
2%
'
Union
33/a July
36
% Jan
12%
Lace, common—
Scranton
5%
1%
-1%
,
Jan
200
28%
Convertible
Jan
200
15%-
15%
Co
Schulte
$6
''
"2% "2%
/
Jan
%
■
2%
2%
4
Udyllte Ccrp———1:
Uleri Realization Corp
10c
Unexcelled Manufacturing Co—
10
Jun
137
Jan
2%
1,800
1%.
Sep
163/a July
4(4 May
Jan
243/4
20,000
'
/ -y;:
.
115
125
9%
8%
1%
l'/a
9,100
135
134
91/2
—1
—1
Sanford Mills————~—*.
Savoy OH Co——-—-5,,
Salt
3%
•3%
3%
135
2%
Jan
TO
July
W
3%
3%
10C
Wagner Baking Voting trust ctfs ext—•
1%
preferred
—100
8
8
10C
Waitt & Bond class A————*
Class B_—
13
Waco
Aircraft
Co.—
——•
"/ 3
'
5% Mar
Sep
10 3/a July
5% Feb
90
Apr
15% July
2% July
86(4
Apr
7% Feb
100
13
'
Walker: Mining
Wayne
Co—
1
Knitting Mills———5
—
Wentworth Manufacturing ——1.25
West Texas Utility $6 preferred--——*
%
Z "ft "ft.
14
300
ft Jan
11%
100
14.
3%
3%
109% 109%
98 34
3C
& May
,
14 % May
Jan
4
'2 34. Jan
1,400
.
Apr
Mar
109% Sep
Jan-
'
West Va Coal & Coke——
__5
Western Air Lines Inc..——
1
Western Grocer Co———;
—.20
4%
5-
9l/a
9%
■■
4
4,70C
Coal-——
Westmoreland
Inc
Weyenberg Shoe Mfg
Wichita River Oil Corp.
Williams (R C) St Co
Williams
Willson
Oll-O-Matic
Products
—
95
July
Feb
;
.
26
Sep
May
Sep
May
15%
Sep
Jun
8"
.
40C
5%
Jan
9%
7%'
20C
57/a
Jan
7(4 May
7% Mar
7%
,7
9% July
3 Va
•
l3/4 Jan
30C
9
Jan
pfd—100
Jun
'.
4% Mar
12% July
110
Sep
3%
6%
6%
10C
3%
7,40C
Feb
4%
4
—10
1
19
14% Jan
13
5C
108
—
Jan
8% July
Jun
Ltd—
denosit
6% Preferred
Wnght Hargreavea
Jan
__1
Inc.
(F W)
1
11%
.21
15%
15%
•
—
Heating—
Woodley petroleum
American
;
10
Wisconsin Power & Light 7%
Wolverine Portland Cement
Woolworth
10
Apr
67
—20
——
Apr
11% July
9
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com—•
Westmoreland
6V4
Jan
5% Jan
70C
receipts
.:
Ltd
;
10
Jun
5
Aug
5
Aug
2
Jan
4
Apr
6% Jan
—
£1
ZZ-*
.
;
Volume 158
Number 4217
THE COMMERCIAL & FINANCIAL CHRONICLE
\
^EW
BONDS
York
New
Oct.
1
Week's Range
or Friday's
Friday
; 'I
Interest
Period
Exchange
Curb
Ended
Week
Last
High
]' Low
103%
104%
f
debs——————
1950
J-J
s
f
debs—————11960
J-J
108%
J-J
—2016—\ M
105%
Pow
Lt
&
deb
6s—
Arkansas
Pr
.
Associated
5s———1958
Lt
&
SAssociated Gas
4%s~
deb
4VaS———.——1949
22
124
107%
46%
21%
——1977
F-A
—1955
M-8
89
Continental .Utility 5'As
Gas*
Ogden
Ohio
1st 5s__
Power
;_1945
1st mtge 3'As
3s
108%
107%
,107% 107%
Telephone of Canada—
1st
M
5s
25%
Pacific
Park Lexington 1st mtge 3s._._._.1964
Penn Central Lt & Pwr 4'As...
1977
1st
5s—
1979
Pennsylvania Water & Power 3'%s-1964
j-d
89
104%
108%
106%
1
1108%
109%
&
Light
Philadelphia
Steel
Bickford's Inc
6s
6'As.
Birmingham Electric 4Y2S
Edison
Boston
Af-S
104 y2
104
J-D
102%
102% 102%
-1998
—
.——1970
23AS—
1120'/a 121
116%
117%
1968
—1060
C
series
Bethlehem
114%
16
115% 116
J-D
Af-N
Q-F
A-0
121
4'As
1150
series
Power
1105
102%
108
105
106%
4
103%
101%
104%
1st
Northern
111
Central
El
Gas
&
a
5 '/a
37%
37.
Y
38%
117
61
F-A
A-0
A-0
M-S
100
13
107%
■
45%
343
5'
of
deb
Conv
Jan
5s
5s
Debenture
5'As
Safe
61%
series
A
Harbor
5'/a a
J
.
San
Joaquin Lt &
4Yas
99%
103%
J-D
99%
—1949
ASchulte
Real
Estate
A_
7s
98%
South
85
99%
Southern
California
Southern
J-D
J-J
Counties
118%
100
120%
■
101%-105%
F-A
J-D
■
124
125
,
—-1956
Water Lt & RR 5s
Elmira
Empire
District El
Federal
Water Service
5s
6s-5s
stamped
1952
__
100
10
130
131%
82%
121
.4
79
101 Y
42
102% 103
J-D
J-J
•!
90
;
52
Florida Power Co 4s ser C—
£
Florida Pow & Lt 5s
6s
1969
1953
Pub
General
Rayon Co. 6s ser A
Coal
Alden
AGobel
Grand Trunk
104%
t58
Debenture
90
51
-
Mountain Pow
Power
7-4s
106 Ya
West
&
Guantanamo
$__
*80
J-J
F-A
1958
J-D
J-J
J-D
.
2
91%
97
B
series
6s
-
1970
A-0
L
98%
Tide
6
101%
104
91
108%
~2
104
190
98'/a
897/a
111
1970
105 %
26
106 Ya
109%
103
106%
69
Af-S
69 Ya
24
52%
107% 108%
m-jv
May 1948
69%
5
1063/4
108 '/4
96 Ya
107%
106
107 Y4
5
—
79
79%
13
A-0
86
85
86'/a
104
May 1948
&
A-O
86
85
86'/a
F-A
86
85%
86 Ya
1966
j-d
86
86
86 %
85%
85%
125%
27Y4
1
__
'
F-A
1957
1957
A-O
1946
A-0
1960
86 Ya
J-j
1946
6s
F-A
1950
Light
Service
5s
Light 5s
J-J
■
i._
■.
—
.
2022
Power
Edison
65
44
'
79%
64 Ya
86%
63
65
86
49
65%
86 Ya
10
65%
86 Ya
86%
81
65%
86'/a
86 Ya
10
64%
86 Ya
'
1968
J-J
1952
J-D
.1949
Transit 5'As
Light & Power
lien
&
N
J
4s
J-D
23%
1959
9
13%
32
105%
108%
13
106
109 Ya
102
series
5'As
A
1952
& Light
Debenture
lien
&
gen
94%
91
100'/a
1
93
33
105%
111%
Ry
106
106%
22
104%
108 Ya
Wash
Water Power
106
102
107%
West
F-A
2022
94%
58
113
102%
109%
85
94%
111%
9
103% 104
Af-N
115 Ya
96%
107%
108'A 108-%
t
104
25
112%
78
106
109
116% 1163/4
96%" 104
3
116
28
95
100'A
23
96
107
117%
-
97
95
97
101
106% 107
94
$111
A-O
1944
Co-
4'As
4
111
1; 7
102 %
1107% 108'A
A-0
1st
32
19Y4
2
*
1114% 117%
—
102'/a
F-A
6s
32,
12 Ya
22
Co—
Rys iDelaware) 5'As_1952
United Light & Railways (Maine) —
cons
111%
Ya,
19
107%
F-A
United Lt &
64
109'%
62
106'A 106%
107% 108
'
19'/a
106'A
J-J
1979
5s
3'As
City Rapid
1st
7.2 •>,
22
—
M-JV
1956
1
A
101
101
101
F-A
2022
*
Electric
.
94
99% 100%
A-0
A-0
102%
1105% 107
F-A
1989
United
101%
78
1109% 110
106 Ya
68
108'/8 108%
j-j
1951
8s
United
104%
94%
163%
Twin
105
103'/a
104% 105%
105 Ya
100'A
57
109%
1108
102%
90 Ya
21v
99
104% 104%
$105% 107
97%
Industries—
Power &
Water
104 3/4
103'A
10
1951
Electric
series
6s
105
93 %
104%
10
(Calif)—
Elec 3YiS
Wash
Jan 1949
Jan 1949
Hygrade Food 6s ser A,
M-S
stamped
Utah Power
Houston Lt & Pwr 3'As
J-J
Dec
(Hugo)
Toledo
8
84
101
101
104
1966
6s
*
33
64
98'A
99
J-D
'
97%
101% 102
—1945
Grocery Store Products
J-J
stamped—
„
deposit
2nd
Texas
'
Af-S
1950
1950
33A
1947
1965
91
105 %
.100%
104'/8 104%
_u:
91
131
85%
100%
$104% 104%
$70
-
96
114
128
—
A-0
1957
debentures
107%
103%
11
102%
97%
102
—.1963
stpd—;
5s
Nor
Gas
79
108%
Certificates of
57
105
110
Electric—
Power
3d
7-4s
$127%
a-0
3s
Corp inc 5s
Stinnes (Hugo) Corp—
106%
Af-S
_1967
AStarrett
106%
103
94%
A-0
6s
stamped
gold
Standard
102%
94Ya
$111% 113
J-D
5s
6s
6s
A-0
J-D
1951
6s
Debenture
104
153
.^.1951
Rys 4s___
&
&
Conv
3
104 % 104%
97%
M-S
1941
4s
West
Great
Green
P
Gas
87%
124
105% 105%
J-D
J-D
1965
4s
4%s series A.
(Adolf)
156
.11971
104%
12
105% 106
■
A-O
J-J
*
1948
1978
5s
Power & Light
Georgia
Glen
5s
8erv
138'A
—
Edison
(stamped)—
Stinnes
1954
A
General
16
3'As
Coal
Gas
Indiana
Standard
Texas
3%s
Power
Gatineau
6s
Power
98%
123%
105% 105%
•—
79
87%
123% 123%
106
M-S
1966
89
102% 102%
123%
Af-N
1961
88%
89
102%
Af-S
—,
___
Wyoming
Carolina
Southwestern
123%
Mtge Bank—
Residential
Finland
-
.1954
—
5'As
106 %
152% 153
m-n
D_
Southwestern Gas
121
97% 98%
86'/4 -87
98%
102%;;
•:/ M-S
Af-9
F-A
M-S
.—1956
5s_—2030
Light
103 y4
mtge 3s
6s
&
Power
series
112%
1122% 123
—
M-N
Eastern Gas & Fuel 4s ser A
Electric
106'/a
Spalding (A G) deb 5s
.—1944
—1955
33As,
4%s
1st
109
105% 105%
105%
A-0
1958
5s——
Cuban Tobacco 5s
109%
105"%
110
110
7
10
1970
California
86
1071/4 107%
110
J-D
N
Packing
84%
1st
Southern
mtge 3s ser P
Continental Gas & El
Cudahy
Sheridan
2
2C
/
92%
104% 105
Shawinigan Water & Pwr 4'As
(Bait)—
1971
—1969
1st ref mtge 2%s ser Q
—1976
Consolidated Gas (Bait City)—
Gen mtge 4'As
——
1954
A Consolidated Textile 5s stmpd—_1953
series
ref
97%
1117% 120%
Af-N
1951
.98%
99'/a 100
77' *
108% 108%
Scullin Steel inc mtge 3s__
84%
60
3
j-d
....1979
104 '/a
83%
/
112'/a
j-d
6s B___.u_.1952
Pwr
101
99'A
M-N
.———
Connecticut Lt & Pr
1st
98
Af-S
Consol Gas El Lt & Pr
3'As
98
98%
A-O
112
111
;
—....1952
Water
36
97
92%
101 Ya
110'/a
Queens Borough Gas & Electric—
100%
89
97%
——1958
—
L
&
P
96%
96%
——1969
5s——
Service
f
7
10
1964
186
'!•:
96'A
97%
5%s_——1952
Debenture
Cities
99'A
99'A
108
..1949
100%
4
'
110%
115'A
97'A
112
92%
109%
107%
111
105
111%
112
103
101% 101%
J-D
3966
———L—1950
5s
111
A-O
Jersey—
certificates...
Southern
Service
Cities
M-N
108%
■
107%
101%
ar-s
New
perpetual
107%
.; ,46
46 A
100
1104'A 105
series
;
Service
4
105% 105%
B________1959
4'As
mtge 3'As—
Q%
'
1100% 101
58% 61%
J-J
13
58
B—,—.1955
Cincinnati
105 y8
38 %
Rys 5s ctfs—
——1927
St Ry 5'As A—1952
§ A Chicago
105 Y»
i
s
36%
37'A
M-S
5YaS——1953
1
105 % 105'A
.
J-J
—1954
—————
Central States P & B
6s
F-A
,
1948
99%
85%
15
99%
105'/a 105'A.
J-D
1964
33/4S
Central Power & Light 3%s_——1969
ACentral States Electric 5s——
99%
Af-N
1953
5s.
Power
5
21
1961
(Can)
Sinking fund deb 4s._
Public
Canada
108% 108 Ya
112% 113 %
$101
38'/a
107
105
107%
107% 108
j-j
1956
105%
30'/a
102%
112%
Af-s
1950
F
Corp
MS-)*
Co—
E
5s
101%
11
Ft
108
F-A
111%
106'/a 109
100% 102%
'•
106
107
107Y4
36%
$107
Public Service Co of Colorado—
106%
28
•
Eaison
36
106
j-j
5'As—._1972
stamped extended-.
Potomac
104 'A 105
Af-N
Rapid 'Transit 6S-—1962
Power
104 'A
M-N
1970
Elec
A5s
1957
F-A
.1955
3»As
.
———
5s
Philadelphia
101%
99%
1101'/a
Power
107'A 110
105 Ya
101 % 102
j-j
25%
25%
1962
series B
5s
:
108% 108 %
$105% 107
F-A
25% '
.72%
105% 106
108% 108%
A-0
13%
■
85%
$105 Ys 108%
F-A
12%
'if 27
115%
54%
85
4s___.
—.1962
Oklahoma Nat Gas r3%s
B__._Aug 1955
Oklahoma Power & Water 5s
...1848
13%
89
115'/b
Y
83%
A-0
...
Service
123
104'/4 104%
V:
84%
Af-N
196
14
108%
..1971
mtge
Public
Portland Gas & Coke
Bell
i
High
112
105
106
$115
.
j-j
.164
65
Low
106
A-0
Ohio
25%
January *
111
.^>1968
1st
74%
Range Since
High
111% 111%
t_
j-j
1948
24'a
24
Friday's
■
5s-___^__„_..^_„l954
24'A
88
Light 4'As
—.—1955
J-J
City Elec 3'As————1964
M-S
Avery & Sons (B. P.)—
>• •'••''AYA
5s without warrants
—1947
J-D
or
j-j
24'A
Y, 21%
Gas
&
21%
Atlantic
Week's Range
Last
Sale Price Bid & Asked
Af-N
21%
24'/4
24
Period
109
14%
14
22'A
Y
North
98%
.126%
15
92
;■
24
1
Eleo & Gas 3%s—11964
Westchester Ltg 4s
.__2004
.106%.
106%' 109.
126
73%
24'A
J-J
1968
Assoc T & T deb 5'As A—
Atlanta
110%
.;
88%.
74'A
<
21%
A-0
——AJ,
—
5'As__—
deb
96
98'A
107'A 107%
F-A
—■—1950
AConv deb 5s
AConv
:
1124
7 4%
Af-S
—1948
deb
AConv
5s
.
108% .108%
108%
J-J
Friday
Interest
Exchange
Oct.
State
Debenture
Elec Co—
&
AConv
ADebenture
107%
105% 106 'A
A-0
'
4'As_.._——:_1953
Elec
110 % 110'A
AJ-J
J-T
J-J
1961
1970
—2024
Writing Paper 6s
Appalachian Elec Pow , 3'AsAppalachian Pow deb 6s
105
,:197
N
108%
107% 1.08%
:—-1970
3%s s f dens—
Amer
Curb
Ended
Low
N Y
s
York
Week
High
1103% 104'A
3'/2s
,
BONDS
New
r
Co.—
2%s
Amer
EXCHANGE
Range Sinct
January 1
Sale Price Bid & Asked
Low
American Gas & Electric
YORK
6s
series
A
1033/4 104 Ya
Waldorf-Astoria Hotel—
Idaho
Power
Illinois
& Light
1953
1954
195«
5 Vas series B
1st bi rei
ref 5s series C
&
Indiana
Service
Indiana
International
AO'As
series
A7s
A7s
A7s
90
88
883/4
113%
M-JV
V-» O CD
101
80'A
49
27
coupon)
"
80
6s
& Lt
31
1
Rys
59
Af-S
19
17%
74%
85%
55Y4
59
23
33
1
■'
——.
108% 108%
$108
1957
J-D
'■
2
122
J-J
J-J
A-0
36
;
112
1121
1112% 113
108 3/4
107% 107'A
44%
107 Ya
1947
1971
E
1
1963
4%s
Gas Light
1967
1978
——1955
ref 5s
1957
1951
1943
Mississippi P & L 5s—
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s
ANational Public Service 5s ctfs—1978
60 Ya
102%
110 'A
1
110
.
\v
115
100% 100%
—
J-D
1
82
82%
5
97%
97%
11
97%
■
97%
1
85%
30%
118%
100%
631/4
83
75
97%
73 Ya
97 %
J-J
Af-N
F-A
113
107'A
109'A
8
107
110%
Danish
21
86 Ya
3
100'/a
107 Ya
60'/a
99
1956
A-O
103%
J-J
1947
M-S
60'/a
10
49
J-D
7s
2
105%
4
103'A
High
120
30
118%
19%
54%
14%
23'A
443/4.
1
64%
■
42
J-J
M-S
60.
,
10
20
i
11%
20%
20
35
16'/4'
A-0
137%
J-D
118
22
J-D
$52
55
M-8
J-J
$30
—
31%
of May
1927
of
1927
29
29
121
23
5
24%
137%
Af-N
32
\
37%
107%
106% 107'/a
108
10
108
1
98
30
12%
113
....
ARio
}02%
107 5/a 108
8
107
114
34
Oct
(State)
Janeiro
7s
1958
6'As
1959
Government
6%s
5'As
J-D
___1919
1921
32
38
18
20%
45
55
22%
——
35%
17
30
'
-
—
27%
7
5%
38
2%
9%
4%
J-J
28%
4%
4%
5Ya
27
2%
9 Ya
117%
103 Ya 103%
A
110%
1
de
ARussian
27 .- '
118
97'A
112
103%
114 Ya
73
77%
93
47%
76%
42
50'/a
•No par
77%
73
76'A
Af-N
M-N
108'A
108
V* 108'A
1
107%
A-O
95'A
94
95%
109
76 Ya
95%
1954
J-D
97 Ya
96%
97 Ya
47
82%
97%
1949
J-D
104'/a
74
78
103
50
104 Ya 104'/a
102 Ya
78
106
value,
a
Deferred delivery sale,
d Ex-Interest,
e
Odd-lot sale,
n
Under-tbe-rule sale.
sale,
x Ex-dividend,
y $8 liquidating dividend paid.
^
$Friday's bid and asked prices; mo sales being-transacted during current week.
A Bonds
being traded flat.,
\
rCash
109
Service—
-
A Parana
109
1961
Nov
Low
66
56
J-D
stamped
A Issue
106%
1950
AIncome 6s series A
155
150
m
Range Since
January 1
46
19
M-JV
109
103
1113
78
F-A
No.
—
1951
1947
7s
A Issue
105'/a
—1948
5s__
England Power 3'As_.
England Power Assn 5s
M-JV
19
Sold
__
1958
AMedellin
62%
10
117% 117%
77%
$55
J-D
Bonds
High
AMortgage Bank of Chile 6s____,_1931
Mortgage Bank of Denmark 5s
1972
112
102'/a
35
127'/a
1948
J-J
1955
5s
$55
1953
5'As
AMaranho
108'A
100 »A
104
108
5s__
Friday's
Bid & Asked
110'/a
1
or
Sale Price
A-0
Danzig Port & Waterways—
AExternal 6'As stamped
1952
ALIma City (Peru) 6'As stamped.1958
102 Ya
3
102% 102%
F-A
Period
108%
105% 106
107'/a
Week's Range
Last
Interest
1
112
106% 107
1948
Elec
Gas
Public
Friday
Exchange
Oct.
107%
'
103
J-D
J-D
5s_„
_
——
Orleans
^-C>
®Af-8
107%
Debenture 5'As
New
,—
J-D
2
■
110'A 110'A
J-D
M-S
A
deb
2
109% 109%
-
__
F-A
3
■
/
1102'/a 103
1981
—2022
4'As
New Eng Gas & El Assn 5s
Conv
Curb
Ended
Mortgage Bank of Bogota 7s
Minnesota P & L 4'As
New
..
1937
:
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1945
A 20-year
7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
108'A 108 Ya
Af-N
New
1103/4
Lou)
123
101% 101%
J-J
5s
1091/4
109
115
1947
stpd
;
York
Week
IO6Y4
121
98 Ya
98
A/-8
Af-N
1965
Amsterdam
F-A
109'A
109%
New
106%
-
108% 105%
107% 1073/4
FA
1943
New
5s
BONDS
59
16 Ya
v
G
Nevada-California
1083/4
35
60
J-D
5s
Mfg—
Valley RR—
Extended at 4% to
series
4%
2
Foreign Governments & Municipalities
35%
1
85
Midland
6s
213
35
33
M-S
1948
Power
J-D
5s
53
33 Ya
33
J-J
J-J
Middle States Petrol 6'As
Nebraska
Co
35'/a
27
1969
1970
__iy6ti
3%s
;
16 Ya
16 Ya
1
-
84'/a
1966
stamped
&
A-O
1960
30%
$109% 110%
38
17
.
2022
3'As
Co conv 4'As
Metropolitan Edison 4s
1st
2030
28%
108 3/4 1083/4
—
—
109
27
84%
1965
Power 3'As
Radiator &
Milwaukee
5s
29
J-D
J-D
Traction
AStamped
$27
J-J
J-J
1963
6s
Utilities 4s
series
1951
1964
stamped extended to 1959
J A York
90'/a
115
105%
1
108% 108%
„
1957
1952
Mengel
4s
M-S
1954
3'As
4s
Electric
Penn
6s
90'/a
112
•
Penn
Extended
McCord
debs
Elec
Newspaper Union—
6s unstamped extended to 1959
103
18'/a
'
1
1952
Power & Light
Pow
88%
88%
__
'
19
$112
27
5s
Lake Supenor Dist Pow
Louisiana
25
90
1957
Superpower
Kentucky
102Y4 102%
&
Western
F-A
coupon)
Kansas Gas & Electric 6s
Kansas
West
102 3A
30
1952
1941
Electric
107%
94%
$27
Jersey Cent Pow & Lt 3'As
Kansas
92 Ya
17
$27
6s
Debenture
Altalian
9
26
102 Ya
J-D
-—1957
Power
__
1955
F
(July
J-J
-
106 Vs
105'A 105%
—1955
1941
series
A7s
Interstate
105'/a
F-A
coup)
1941
E
(Aug
Af-N
income
Sec-
C
1
A 5s
102
•106
J-D
A-0
3'As—
L
&
(Dec
106
1963
Power
series
A6'As
■'%
1952
1970
AIndianapolis Gas 5s A—
Indianapolis P
—
Af-3
1950
5s
lien Si ref 5s
1st
J-D
1958
5s
Hydro-Elec
A-0
^1957
B
ref 5'As series
1st &
A-0 '
Corp—
ref Ss series A
1st &
1st
1967
33/4S
Power
,
\
§ Reported in receivership.
Abbreviations used
1
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w L" when issued; "w w," with warrants; "x w," without warrants.
THE COMMERCIAL & FINANCIAL CHRONICLE
1374
Monday, October 4, 1943
OTHER STOCK EXCHANGES
Baltimore Slock Exchange
Sept. 25 to Oct. 1 both inclusive,
I.
■
*
—
High
Low
16
1,400
STOCKS—
Abbott Laboratories
Steel
Acme
Preferred v t c
-
-*
>-•.—180
Ccucommon v t c_,
Bait Transit
•
—
9%
9
8
1,064
10 A
,a
2.95 Jun
1.00 Mar
970
.2'f°
—
Aug
12%
•>
common—,*
Consol Gas Elec Lt & Pr
47av»
■
25
•
31
12
1.50
15
25
31
12
1.50
—
-100
1
--
,
--
120
145,
Mar
125
July
Jan
42% July
-914
Jan
10'A July
20
Jan
3a % May
10
July
3514
50
3
15
30
2.50
2.50
42
2814
Casualty———2.
2714
16
30
—.
2874, 2814
27
1.80
30
Jan
32
34%
4,650
6
Jan
4%
100
2%
Jan
17
17%
250
12%
Jan
18% July
37%
385A
25% Jan
90% Jan
128% Jan
42 3A July
1U% July
158% July
1Q7%
„
A they
Sep
Washer
July
29%
547
38%
3814
38%
—50
Fidelity & Guar——
5%
6
5%
5%
100
1%
1%
1%
100
4
4
4%
1,000
Blessing Co common.,-..^,...*
Binks Manufacturing Co capital
Borg
Bonds-
5s series
—1975
A,———•——-——1973
52
5214
59%
6014
1975
100
B
series
5s
49
100
1,000
Aug
Exchange
preferred
(E L)
for Week
Alles
Low
1
Jan
3%
80
\1,288
277
24% Jan
97%
96%
97%
16
33
32
33%
4,247
Elevated Ry.——— ——100
67%
67
67%
*
18%
18%
18%
Anaconda Copper
———,—
Boston & Albany RR
Edison
Boston
——-
—100
-—25
—
Boston
3%
127% Jan
277a
•
156
Boston Herald Traveler Corp—
.
■
3
81%
Jan
24
325
33% Aug
39% Mar
8%
100
4% Aug
4%
800
4
.
Sep
Sep
8% Aug
Jah
17
100
13%
Jan
5% Apr
19% July
35%
495
26% Jan
38% July
4
1,100'
17a
13
100
117b
16%
400
978
97a
725
277a
.7-
28 VB
85
Jan
4
July
15% July
Sep
127b Jan
16% Mar
57* Jan
207# Jaq
29
10% July
July
16%
60
15 %
Sep
19%
Apr
87
20
69%
Jan
92
Aug
10
10
16%
87
__
10
300
Jan
10% July
6
14
100
iV
%
%
Jan
112% Sep
320
26
160
92%
110
334
Apr
110
17%
Sep
18 Va
common—
Jan
1% May
61
July
7
58
6%
—
Mar
A Jan
112%
53
109
;
iV Jan
9,650
%
;
pfd—*
18%
Jan
13%
5
common,
1
47
Chrysler Corp common
81
Convertible
Cities Service Co.
100
6
-■
9% Jan
14
2
6
July
47% Aug
11%
450
15%
Jan
22
80%
81%
348
14%
14%
450
67% Jan
33A Jan
26%
26%
2,250
21% Jan
4%
Edison common,—25
Consolidated Biscuit common——1
14%
'A
26%
Commonwealth
9% May
Mar
19
38% Jan
28,650
47%
47
13%
5
1—10
common—.
13%
5%
6
preferred ——,—,—*
Chicago Yellow Cab capital
♦
Chicago Corp common
102
July
34% July
69% Aug
19% Jun
,
62% Jan
510
Co
Cherry Burrell Corp
Sep
158% July
31% Apr
Jan
452
•
35%
High
LOW
156%
■
——
156 %
—50
9% Apr
37»
58
—*
Central States Power & Light
Range Since January 1
High
3%
'
100
& Tel
Tel
17
5% Jan
1674
^5
Prior lien preferred—
SharCs
25%
Fisher Inc——
&
American
23
13% Jan
■
Chain Belt
Par
Jan
100
100
13
,_*
.
common
Central & South West Util com—50o
Skies
Range
of Prices
Jun
6% May
34%
34'A
Preferred
Week's
Last
Sep
July
8%
.4%
._1
A
Cq
Campbell Wyant & Cannon
Foundry capital
*•';
Central Illinois Pub Serv $6 pfd,——*
Central Illinois Secur conv pfd———*
Common
*
1
Sept. £5 to Oct. 1 both inclusive, compiled from official sales lists
Friday
16
7
17
/
Butier Brothers
—,—10
5% cumul conv preferred
:
30
Sale Price
6%
2%
Wire-
Common
Class
STOCKS—
50
Jan
23A Jan
% Jan
3 % Jan
Apr
34%
4%
Warner Corp common—,——5
Brown Fence &
64% Jun
102% J«n
Bruce
Boston Stock
6%
Jun
56
Mar
100
59,000^
Mar
55
$28,000
34% Sep
8%
5
common.——
17
3
62% Mar
8>A
35%
-:1
&
1,610
21
16%
__
__
1
Bliss
Baltimore Transit Co 4s—
21
j
10
—*
Bendix Aviation Corp common—5
Inc
812
3
—
Belden Manufacturing Co common
Laughlin
60
155% 156%
3
common
Belmont Radio Corp—,
39% July
Jan
295
107% 110
—
Truss Wheel capital————-,4
Berghoff Brewing Corp
U S
4%
——
Aviation Corp (Delaware)
2814 July
Jah
22
33
17%
Automatic
414 July
Jan
135
^rmour & Co common——C—5
Apr
1.50
1.00 Mar
200
37
56%
common,—-—,--*
Laboratories
Allis
High
57% July
60 Va
Chalmers Mfg Co
American Public Service preferred—100
American Tel & Tel Co capital,,,, 100
Jun
Low
51% Jail
41% Jan
60%
56
4%
Bastian
Monongahela West Penn Put* Serv—
7'iv
preferred —
,
—25
Mt Vernon-Woodbury Mills com—100
New Amsterdam
—■
-100
Georgia Sou & Fla 1st pfd—
2d preferred
—
Guilford Realty Co common
1
.132 72 144
41
42
'
9%
9%
144
42
^_5
of Aroer A common
Finance Co
11772 1177a
—;
Fidelity & Deposit Co——20
Fidelity & Guar Fire Corp.—
10
65
65
65
—j.,———100
preferred B
Range Since January 1
56
Castings—___.5
Allied
.
High
,1
Adams pil & Ga? Co common—
6714 Aug
-57% Jan
114% Jan
Low
Shares
,25
common,;
Aluminum
for Week
*
common,,
Jan
Advanced
275
Co
Sales
Range
of Prices
Far
■
Mar
19
Jan
Week's
■
Sale Price
High
Low
;■■■
1874
18
18
Last
Range Since January 1
Shares
of Prices
Par
Friday
for Week
Range
Last
"Arundel Corporation
Sales
Week's
Friday
Sale Price
STOCKS
Chicago Slock Exchange
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
compiled from official sales lists
4%
4%
500
2%
Jan
Aug
Apr
85
July
18
May
27
July
5% May
Jan
Boston & Maine RR—
7%
prior
preferred——->—-,-100
24
225
24%
23%
stamped—100
5
1st pfd stamped—,—100
10% class D 1st pfd stamped—,|100
Boston Personal Property Trust—l—*
~5
15%
15%
15%
JSf Providence RR———1100
31
30
31
class A
"■5%
1st pfd
200
Boston
Calumet & Hecla
Service
Cities
————;
.7%
8%
Feb
29
3%
19%
10% Jan
20% Sep
213/B
22
167
1674
Jan
Crane Co common-.—i
207b
217#
360
147#
Jan
23% July
22% July
50
common—20
.,,—,—25
Cudahy Packing common—.
..——30
7io cumulative preferred-—,——100
Cunningham Drug Stores —
2%
V t
Jun
Apr
16% July
May
Jan
35
6% Jdn
65
"33
5%
8%
Jan
23
55
108
7'A
5%
2%
11%
c
pref pt shares,,
6% 1st preferred series A——100
preferred B———.
—100
5% preferred adjustment
—-100
123
57%
78
42
33%
..
34%
81
5%
123
65
66
23%
24%
Employers Group Association———*
14
—
—
32%
•'
93% July
123
Oct
Jan
20
98
Jan
25
Jan
68
6
Jan
24% Sep
680
33
12
415
Jun
,27% Jan
310
■
2%
Sep
117a July
14
July
347a Apr
8% May
50
9%
8%
2%
100
14
1
—
——*
—
preferred
974
Jan
Sep
Domestic Industries Inc class A_,„__1
Eastern Airlines
Lamson
*
—
Jun
6
27a Jan
July
42% July
267# Jan
Fairbanks Morse
Auto
397# Jun
Fuller Mfg Co common———.
40
Gardner Denver
7%
7%
70
7%
110
95c
95c
2%
100
78
130
15c
774
Feb
Sep
17# July
Feb
80
Jan
,37
Sep
1%
1%
100
75c
3.1%
370
28%
4%
113
16%
125
4
16%
16%
4%
1% July
Mar
353A Apr
Jan'
6
Feb
3
1474
167s
Jan
67s
,7
'
'
General
Jan
230
16% May
13% Apr
6% May
37
700
317# Jan
21
Jan
3% Jan
42% July
20
77#
15%
15%
50
6% Feb
17% May
36%
367a
1174
50
337# Feb '
41% Mar
11%
150
674 Jan
33
35
850
14'A July
42% Sep
——
—
—
•
■
Preferred
Motors. Corp
Outdoor
common—,—,10
Advertising com—*
—*
Gillette Safety Razor common
8% July
37# Jan
47B
600
16%
50
14
Jan
25
37
7# Jan
427b
42%
374
37s
3%
28% July
Mar
47s
*
6% Jun
16% Mar
51%
Jun
2
Jan
4% May
350
6%
Jan
9
34%
Jan
44
1,400
,
'
1
:
87a
87a
40%
'
.
General Foods common,———.———*
General
15
167a
47B
-i
common-.-..—,—1
—1,0
.
41 7b
305
52 34
1,000
517s
52%
.
77B
4474 Jan
574
27
37»
Feb
6
774
574
"73/4
Aug
July
56% July
111
47#
Jan
9% May
Jun
Jun
150
77a
47a Jan
Sep
Goldblatt Bros Inc common,—-——*
6 7a
397B
407»
285
25
Apr
Goodyear Tire & Rubber common—*
Great Lakes Dr & Dk com,,———-*
207a
20%
350
177# Jan
9%
200
4%
437
25
25 Va
45
1274
Jan
33
65
35%
Jan
50
July
700
3%
Jan
94
674
Jan
147a
lc
Feb
10c
20%
7% Sep
41% July
Jan
21
Apr
May
44%
6%^ 7
12%
12
12
Jan
17# Jan
23%
37
American Transp common—5
2%
Jan
5c
5c
100
7
150
6
Jan
34
110
25:
Jan
37% Aug
Xl43/4
15%
150
10
Jan
17
1
1 Vz
1%
100
Hibbard Spencer
Houdaille-Hershey
July
Hupp Motor
Car
Jan
B,————•
Brewing Co capital———1
Bartlett common—25
Sep
Jun
774
10% Apr
9% Aug
9
Harnischfeger Corp common——10
Heileman
——
—Vv.
674
Co common
General Finance Corp
76
——
78
;
(Peter) Brewing common-,-—-,—5
Jan
4% Jan
9
10
500
.
10
—
Jan
7
45
600
67#
—*
common—
Drive
Four-Wheel
307s
July
9% May
127#
137a
6
1
31%
44%
—4100
Narragansett Racing Assn Inc—— 1
—5
National Service Cos——.
1
—
50
19
23%
Eversharp Inc common
232
Maine Central RR common,——100
Nash-Kelvinator
100 ■:
57a
397#
1278
1
1,017
30%
5%
preferred ———
Mergenthaler Linotype
23% July
11% Jan
36%
—i
Inc
37%
;
—
(Del) common—
5
Theatres,,————25
Corp
Loew's Boston
Feb
12
—
Eddy Paper Corp.. (The)
*
Electric Household Util Corp ———5
General
Copper
Kennecott
Jan
17 ; '
'
38%
Royale Copper——,15
Isle
200
■
4
37%
—
Hathaway Bakeries class A——-—*
Class B
*
$7 convertible
-
36%
37%
National Stores—
Gillette Safety Razor Co—
17%
22% Sep
100% Aug
107$ Jan
83
"
5%
Diamond T Motor Car common,,—2
Fox
Electric
100
393/a
—
—
Dodge Manufacturing Corp common,,*
59
Jan
1,577
9%
9%
common——*
Economy Grocery Stores
—,
*
465
6Va
122
22
Eastern SS Lines Inc
First
'
1
Apr
373% Jun
19% Jan
Va
6%
General
340
20%
177a
Co common—-—-,,,—*
:
Street Ry common—-100
Engineers Public Service
425
99
20
Dayton Rubber Manufacturing com—1
Decker & Cohn common————,10
Jun
7% May
4% Jan
56%
——
6
Mass
227b
95 %
,
4%% prior preferred———-100
6% preferred —
—100
Eastern
21%
x957a
9% Apr
17%
Jan
Peere &
Eastern Gas & Fuel Associates—
20
19%
Container Corp of America
87a May
Jan
14%
14
—
Range Co———-———,*
Copper
Jan
2%
50
7%
~~~—-—I—5
—10
lVa
43
class C
714
Consumers Co—r
32% Apr •
8% Jan
class
common,—
97a
97B
'-
32%
'
w
July
2% May
];! Jan
New
5
England Gas & Electric Assn—■
%.%
preferred ——
—
18
18
*
20
18 7a
127a Mar
Sep
Illinois Brick Co
New
——1—lOo
York, New Haven & Hart RR-100
—,2.50
North Butte Mining,—.—
Northern RR
Old
104% 105%
100
<N H)
Colony RR-—————100
,
rr'\-:
■—.
%
■'
50c
98
40c
10874 May
Jan
27s Mar
& Jan
24c
4,440
98
40c
.86
198
U
•
40c
45c
360
5
Jan
78
Jan
15c
85c
100
Jan
Indep Pneumatic Tool v t c
July.
17a July
Indiana Steel Products
International
Interstate
?6
26
RR —-————50
Reece Button Hole Machin
-*
27%
27%
10%
10%
10%
100
878
Jan
11
—*
1378
13%
14%
"424
9%
Jan
1474
Pacific Mills
—-*
—_—
—
Pennsylvania
—
•
26
20
28
787
19
Jan
237a
Jan
,
28% May
327#
Assn.
—
.
Stone & Webster Inc.;
-———*.
.
Suburban Electric Securities com—
79
5% -Jan
July
1 'A
Feb
29%
Jan
36
29
Sep
37
17
United
United
5
———
S
—,
(S D)
168
5
14%
14%
14%
,72%
72%
75
.23
72%
.25
Co
,
-1
3% July
73%
43%
27c
44%
45
25c
28c
.50
July
Feb'
34
7%
Jan
15
Sep
419
60%
Apr
76%
63 %
840
Jan
74
Sep
100
42%
141
25% Jan
46
23c
Jan
48c
16
Jan
20% Mar
80% Jan
99% July
1,650
19%
20
96%
98%
229
Sep
47
July
July
Apr
Bonds—
series
For footnotes see
,,,—
page
1379.
104
104
117a Jan
19
July
300
47b Jan
7
July
Power—
■':
■
\
737s
105
63
Jan
7174
364
57
Jan
■
374
147a
20
3%
14%
—
-
174 Mar
90
97a
Jan
78% July
Jun
74%
3%
.
T
16
Apr
July
107a
107b
107b
250
87b
Jan
12"% Jun
——1
4%
47B
47B
700
37#
Jan
.5
7%
7'A
450
1%
1%
250
7%
1,550
Katz Drug
Co common
Hellog Switchboard common^.—
La Salle Extension University com—--5
1%
7%
7
'
19%
Mapes Consol Manufacturing cap——*
Marshall Field common—.
—1
McCprd Rad
Mfg class* A..——,—*
34
19%
May
8%
% Feb
Jun
15%
Jan
1% July
8% Jun
21% July
21% Jun
10
28
Mar
34
636
10
Jan
110
13
Jan
19%
20
19%
140
34
16%
Refining Co capital———*
Liquid Carbonic common—;
—*,
Lion Oil
Mickelberry's Food Products common_l
Middle West Corp capital—,...
—5
5
Jan
12% Jan
$1,000
*
103% Aug
105
May
16
22
16
22
4%
4%
9V
9
22%
4%
9%
1,050
4% Jan.
13%
800
8% Jan
—*
i3<i
■h
800
"i^Mar
—100
100
—-—100
7%
8%
•200
Common
7%
—
14%.
Utilities-^
prior lien—
preferred A
prior lien—
Vz
8
May
16% July
27% May
3% Feb
3,350
Midland "United conv pfd,————*
6%
4948
120
6
Jan
capital———1
Manufacturing Co common——1
6 %
A
17
7% Jan
70
71%
common.
Jarvis (W B) Co
Midland
Eastern Massachusetts Street Ry-
4%s
19
Sep
19%
—
Westinghouse Electric & Mfg
71%
44%
.10
Rubber
Utah Metal <85 Tunnel—
Warren
29%
—•
Drug Inc
Fruit Co
United Shoe Machinery Corp—
6%
cumulative, preferred—
U
45
29
(The)—----———*
Co
Twist Drill
35%
600
72%
capital,,—,——
Harvester
preferred
$7
6
common-
Llbby McNeill & Libby common—,—7
Torrington
Union
35
4% July
16% May
23% May
312
Sep
10% May
100
Jan
13
57B
.
20
167B
1974
Apr
Joy
Shawmut
*
17a
123/B
1974
13
Apr
Inland Steel Co
15
—
Light common,—*
Indiana Power
50
37B
3%
10
capital
Illinois Central RR common——-,,100
New England Tei & Tel
%
3QQ
1%' Feb
200
9%
% Feb
2
Jan
,
4% July
Sep
15
Sep
% May
11% Sep
% May
11% Sep
Volume
THE COMMERCIAL & FINANCIAL
Number 4217
158
CHRONICLE
1375
OTHER STOCK EXCHANGES
Last
of Prices
) Low
High .'
stock
: V t C-
*
—
Chemical
•Preferred
____10
Co
Wafd
Co
&
Standard
Airlines
Ino
Utilities
7%
Week's
33%
Jan
50
Sep
29
Mar
Jan
15%
Jan
10
50
26%
Jan
38
37% July
200 1
34%
35%
35 %
35%
200
23%
Jan
19
18%
19'4
2,500
8%
Jan
19%
10
14%
15 %
520
99
100
19 Ya
Sep
Jan
Manufacturing——50
Manufacturing——.
0
22 Ya
103
Jan
54
Brewing Corp of America.—
Canfield Oil
City
Ice
&
Cliffs
Corp
common-
a
—_a
63
July
Electric
Ya
Feb
15%
9 Va
Jan
15
Jan
60
Mar
Apr
Controller
,
5
•
—
55
u. -
—
•'
71
Jan
18% July
50
50
Jan
10 Va
103
a43
'
*
59
85
13%
55:7
Sep
,
12
63
133/4
_<■
—
al5
Sep
Sep
__
55
50
104% a 104 Va
'
5%
33
55
63
_5
—
High
4
200
55
—100
Iron preferred
Low
250
al5
;
Cliffs
Range Since January 1
5%
a40Va a40Va
100
Fuel
Preferred
Cleveland
3
••
Ya
5
Shares
High
15
15% July
Jan
9
170
103
July
23% July
Apr
10%
150
21%
100
15%
22 %
Sep
of Prices
Low
14% May
Jan
300
'50
19%
Sep
Brass
Apex Electric
Sales
for Week
Range
e
Par
Akron
Aug
9%
15%
13%
15%
preferred
July
id
.
3% May
43
4%
15
10
V
STOCKS—
„
July
Feb
24-
Last
3% July
12
Jan
!■%
-
40
13%
,.
_
Prior lien preferred—
Jan
34%
___20
common......"
Northwest Bancorp common
Northwest
29
Jan
36
863
9%
Noblitt-Sparks. Industries Inc cap—-5
Northwest
46 %
_7
100
North American Car common
10
13 %
_**
,—1
common
100
3
39%
29
*
National Cyimaer Gas common
National Pressure Cooker common
600
45 %
-
i
8%
2,550
39%
•
45%
_•
common
2%
11%
3
__
■
Muskegon Motor Spec class A
Nachman
Springfilled common..
National
■...
common-,',—.:,—_0'-'»
__
Montgomery
2%
11%
2'/a
Exchange
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
High
Friday
prior preferred
Monroe
Range Since January 1
Shares
Hart-
&
Common
$1
Low
Cleveland Stock
for Week
Range
Sale Price
Par
Miller
Sales
Week's
Friday
•'
STOCKS—
Jan
60
4
July
"
Omnibus
Corp
.6
common
7%
Electric Switch
Pennsylvania-RR
class
A—
capital
&
Co
Potter
Steel
__50
__
B.
Tire
Jun
Goodyear
10
7Q
Feb
86 Ya
Jun
Great
17
50
14%
Jan
17 Ya
28
400
23%
Jan
33
May
5
57%
59
1
1
59%
571
46%
Jan
61 Ye July
9%
15
4%
Jan
12%
i%
Jan
6%
Jan
13%
37
Oct
11%
10%
11%
123
37
37
37
100
.•
83
82
83
460
151
151
10
147',%
11
200
2%
a43
Lakes
&
Rubber
39 Ya
39Ya
100
49
49.
10
40
Apr
.100
42
42
30
35 Ya
Feb
Towing
Halle Bros preferred
Hanna (M A) $5 cum preferred-
950
li'%
Jan
37
.*
106
Interlake
Jones
Steamship
&
Laughlip
*
....
—
...
Oats
Co
common
Preferred
Raytheon
100
Manufacturing
Common
6':r
preferred
Reliance
Rollins
50c
Manufacturing
Co
com.
10 Ya
__
5
—
Hosiery
—
3%
Sears-Roebuck & Co capitaii—
Serrick
Corp
class B
Mar
Feb
155
60
6%
6 Va
32 Ya
3 Ya
Apr
87%
'.
7
Sep
National
common——1
10
.42
Jan
50%
Jun
Prior
23
100
19;
Jan
23 V*
Sep
8 (!o
Jan
90 Ye
Sep
Mar
4Y2
Jan
Nestle
Jan
17 Ya
Jun
Reliance
3%
__
Refining,
National
87%
756
3%
\
59%
50
3.
Jun
,
...
125
14
30%
Jan
—
—
35 Ya
12
11%
16 V:
16
124
12
5 Ya
—
100
7%
1,919
15
Jan
July
7
Jan
4
172
16 Ya
5%
9 Ya
Feb
0
<
14 Ya
Jan
Jan
3 Ya
Jan
18 Ya Mar
19% May
Mar
50
86 Ya
32 Ya
°
Sessions—
Medusa Portland Cement
23
*
•
—
14Ya July
Jan
1$
*
Lamson &
150
50
50% July
42
,
Mar
Kelly Island Lime & Tr„
50*
.
:_0
common
17 Ya
17 Ya
10
St Louis National Stock Yards cap—*
Sangamo Electric Co
3%
3 Ya
common.—_4
Mills
92
.{
Co—
!—
,
Jan
70
106
a22V4 a22Y»
*
—
i
Quaker
142
Jun
2% May
Jan
1
•
Jun
Oct
50
2
2
__
—50
common-
preferred——
!
F
Mar
\
9Va
100
common—-
Car
2nd
conv
Feb
Goodrich,
81
3%
81
B
Co* (The 1
Pressed
5ft
class
2%
400
8 Ye May
Jan
27%
3%,.
10
Peoples Gas Lt & Coke capital
Poor
3%
4%
150
17
Peabody Coal Co common B_—_____^.5
6%
preferred-.—;_
—100
Pcnn
7%
7%
new
Tile
•
—
preferred 6%;
preferred
7Ya
___*
—
95 Ya
—_—J_—_—100
170
—'
170
; v
Sep
97
Sep
Sep
170
Oct
1
Apr
1Y4
1%
100-
4Ya
200
12 Ya
12 Ya
25
33 V4
34
65
7Y4
Jan
io
150 V*
4%
—
LeMur class
112
97
170
A
2 Ya May
■
■
—
Signode Steel Strap
.'Common
Sinclair Oil
Corp.
South Bend
Lathe
Southwestern
Spiegel Inc.
Standard
i,
;
—
*
Gas
otaiiaard
Oil
12
7%
2
2
50
1'
1
50
capital
2
—
<Xs
Swift
International
capital!
8 Ya
—5
—
Bros.
'•
»
7. ...;
capital
Corp
Trane
3
July
Apr
2Ya
Trancontinental &
West Air
28%
Jan
38% July
Warren
White
508
12%
392
Jan
14 Ya
15%
50
14%
Jan
27 %
2,050
22%
Jan
70
29
Jan
35 Y2
Van
27 Va July
31%
7-
Jun
Apr
13%
.
—
215
42
Jan
53 V* July
1,350
8
Jan
14 Ya
49%
14 '4
22
81 %
__
82%
Sep
33
15%
Jan
25 Yt July
492
79%
Jan
86 Y2
Jun
Sep
73%
74 %
155
59%
Jan
74 Ye
27%
28
190
16%
Jan
32% July
52%
—
54
1,301
47%
Jan
Dorn
Works
Iron
U
S
Air
Steel
7%
Lines
capital
Transp
5
•
common
cumulative
Utah Radio
259
112 Ye
Jan
1
common
4
4%
;
34 Ye
July
14%
16 Va
327
9 Ya
Jan
2
1%
1 Ya
300
lYa
Sep
20
Mar
Motor
50,
a20Y» a20Yi
15
Rubber'common—.10
—
—
—
2 Ya
Apr
Unlisted—
Firestone
Tire
Industrial
&
Interlake
New
Rayon
Iron
10
a38
80
*
a39% a39%
__<■
a
a7%
38%
50
Steel
a7%
85
135
■>
al7 Y4 al73/a
120
1
common..
Central
al8%
alO'/a alO%
50
•
York
Republic
a40% a40%
*
——
common
a52Ya a53 Yt
54
al7
common
common—
125% July
121% 122 %
100 Y 122;.
preferred
Products
54
Feb
•
Refining
59 V* July
"
United
23 Ya
45
18% Mar
21%
13%
5
Lines.
Union Carbide & Carbon capital.—0
U S Gypsum Co common—
20
a41Ya a42Yi
Mar
•35%
49 %
25
common——..25
(Thei
Co
——
25
——
General Electric common...
Texas
1,004
n\'y
.m
Sep
Jan
31
27
15
Richman
%
:
26%
12 V4
25
capital
Jan
Electric
Standard Oil of Ohio
1%
12%
5
Swift
Oct
15%
5
Sundstrand Machine Tool common
Apr
101 Ya
34%
25
Stewart Warner Corp common
27 Ya
Feb
3i
375
7%
—1
common...."
common
13 Ya July
Jun
July
8 j-
20
Indiana
ot
Co
10
20
>:•
Electric
&
S|%
150
22%
101% 101%
I
1,150
12%
22%
101 %
—0
common
Dredging
Standard
12%
22 %
:
—_—*
Works capital
—5
Light & Power pfd
200
15
15
—
4%
U
S
Coach
common
—
Steel
4% May
Jan
2
3,300
Twin
'
Walgreen Co
common
Western Union Tei
Williams
Oil-O-Matic
Jan
28
26%
Jan
40
97%
160
80%
Jan
July
98% July
98%
10
85 V
Jan •:
98Y2
27%
37
96%
98%
98%
preferred—_—— *
prior
20%
10
27
37
Westinghouse Elec & Mfg common—_50
Wieboldt Stores Inc—
Cuinul
160
®
100
—
common
8%
5
Feb
5V
Jan
31
Jan .•'
*
"
Wooclall
Industries
common
common.-—-
__2
5
70
Yates-American
Zenith
Radio
Unlisted
Machine
Corp
capital
33
•
American Radiator & St San
Anaconda
Steel Corp
Bethlehem
(Glenn
Paramount
19%
Jan
Sep
37 Ya
Detroit Stock Exchange
July
Oil Co
capital-.
6 Ye
Jan
11%
24%
Jan
31%
285
45 Ye
Jan
65
56
Jan
69
,
Telephone: Randolph 5530
Apr
59 %
■
344
7%
80
6%
Jan
38%
571
30%
Jan
6
.
Jan
is
9 Ya May
39% July
9% Apr
24
17%
17%
50
■16Y»
12
12%
660
6%
Jan
15
17%
18%
1,500
10 Ya
Jan
20
Detroit Slock
Jun
18%
May
Aug
May
26%
26 %
26 %
510
15V2
30
33%
34%
230
26%
Jan
40
17
190
9Y2
Jan
19 V4 May
•
10
10%
1,180
5
Jan
12 y4 May
•
17
17%
450
14
Jan
20 Yt
July
24%
26%
474
28 Ya
Sep
Friday
July
16"%
16%
Jan
Last
Sale Price
STOCKS—
Par
Atlas
Drop
Forge
—*
.——
■
_
24%
Baldwin
Low
5
46%
Jan
60 Ye
330
5%
Jan
13%
Jun
Consolidated
X ' 97
25 Va
Jan
46 Ya
Sep
17 %
1
.
Continental Motors common
17 V4
17%
125
12%
Jan
18 Ya
Sep
Paper
Milner
Crowley,
Last
Sale Price
STOCKS—
fX'XX
American Laundry
American
of Prices
Low
Par
26 y4
Machin———20
__—J.
—0
26 Yt
Paper 8c
Churngold
Ball
Low
111
20 Yt
Jan
High
V2
Ya
15
Ya May
% Aug
7
8
148
6
Sep
8 Y2 July
5..Ya
5Ya
200
1%
Jan
5
19%
197/e
30
17%
Jan
10
9
*
„
Crank..—
5
3Ya
3 Y2
Cincinnati Gas & Electric preferred.100
99
98
C N
98
98
P
———
20
Cincinnati Street
50
Cincinnati
50
High
400
5%
Jan
8Ya
6Ya
6 Ya
275
4Y8
Jan
7Vt May
14 %
Telephone
Union Stock Yards
98 Ya
7%
14%
14%
Apr
18%
Finance
Motors
Graham-Paige
Ball
Hoover
Lock
Hurd
11
Kinsol
5
Jan
2Ya
Feb
Jan
100 Va
3%
10
11%
0
—
Sep
84
Feb
101
Aug
Jun
9
Hobart class A
7%
25
7Y4
Jan
10
9%
Jan
60
Jan
74 »/a July
9 V4
Jun
23 Ya July
3%
50
11%
120
7%
Jan
13% May
31 Va
150
16%
Jan
35
2%
Jan
3Ya Mar
—.—
class
Jan
43
24Ya
Feb
32 Ya May
1%
Jan
1,936
1,029
3 Ya
410
2
Jan
16 Yt
16 Yt
125
15
Jan
5
_«<
A
293
4V4
355
56%
57 Ya
240
48%
Jan
10
118 Yt
Sep
23
>
23
v
17
12
Jan
58
118 Yt
23
'
'
Frinting——
*
Preferred
■
8
47
7 Ya
47
Jan
5
Apr
22% July
4Y4
17
Apr
May
2%
2 Ya
400
1 Va
Mar
2 Ya
Sep
4%
2%
1
5
200
3Y«
Jan
6Ya
Jun
4 y8
May
3
1
10
3%
3%
52 Ya
52 Va
810
1
common
3
17Y4 Jan
lYa
1%
1,500
2
300
Jan
44 Ya
Jan
83c
Jan
56
July
2Va May
Bearing
&
19 Ya
com
19 Ya
19 Ya
140
14V»
Jan
20
56c
10
1
common
Manufacturing
&
56c
60c
850
51c
Jan
83c
Apr
Jan
4
Jun
Feb
75c
Apr
July
2%
23/4
common.
63c
65c
1 %
200
Drug
common
49c
300
2%
Screw
Masco
Products
—1
__
—1
Michigan Die Casting common
Michigan
Sugar
—
common
..
9
Products
Motor
200
2V4
Jan
4Y4
3%
1,700
2Ya
Jan
4
1 Ya
1
common
McClanahan Oil common
2%
3Ya
Lakey Foundry & Machin common—1
LaSalle Wines common
2
19c
iy4
1%
80c
16
common
1 Ya
19c
80c
.
16
400
1
Jan
325
13c
Jan
l3/a
200
Apr
V4 July
l5/a July
28c
Apr
Jan
2V»
1V4 May
136
62c
Jan
200
10 Ya
Jan
318
2 Ya
Jan
5
16%
Jun
9
3%
common—
9
Davis
Parke,
Car
Motor
3%
30
3%
Jun
30
May
Jan
32
May
6%
Jan'
10
May
28
657
4Ya Mar
31%
us y4 us Yt
56%
777Z7—100
4
21%
3 Ya
Jan
37
40
31%
4V8
31Y2
.7.7—7—2,50
Procter & Gamble^
preferred
155
40
;
.
July
3 Ya
common——
Products
Packard
Kroger
May
4 Ye
Jun
30
626
July
11%
3%
7 Ya
Jan
4 Y4 July
30 y2
0
•——
Insulation
Drug
Eag'le-Picher
Jan
1
21Ya
common
Apr
4%
200
3 Ya
common
15
100
4
213/a
Industries common—
General
Kingston
81 Ya
9
155
18%
Brewing
Jan
5Ya.
4
common.._10
common—i—
Corp
12
225
5%
~4
..20
Nav
common
General
23 Ya July
127
9
9
*
8
1
July
156
73
73
0
Corp
3 Y2
100
10
0
S.
Low
6%
28 Va July
Ya
_<■-
Fibre
—
Cincinnati
Cincinnati
Range Since January 1
8
—8
Brewing
T
Shares
High
26%
Steel
Gar Wood
5Y2
Products
Baldwin Locomotive Works—
Champion
Range
Edison
Frankenmuth
Sales
for Week
Week's
..
common—
Cleveland
&
Detroit
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
Randall
Range Since January 1
High
6 Ya»
Detroit-Michigan Stove common——1
Cincinnati Stock Exchange
Friday
common
u
Detroit
U.
Shaies
Sep
12%
Detroit
5%
Sales
for Week
6 Ya
Rubber, common
45%
59'4
373
Sep
11%
'•
10
Yellow Truck & Coach class B
Magnavox
Range
6Ya
common
44 %
58%
capital—25
1
U. S. Rubber Co common
Dow
Week's
of Prices
Brands-
Standard OH of New Jersey
Studebaker Corp common
Formica
Exchange
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
July
—
_•
•
common
common
Crosley
DETROIT
Apr
Jun
12'4
•
common
Republic Steel Corp common
O &
Chicago Stock Exchange
Ford Building
July
—
•
capital
(The)
200
968
7
—
—5
Corp
10%
60%
37%
1
Radio Corp of America common
Burger
New York Curb Associate
Exchange
7% May
26%
58
—
•
Co common
L)
Pictures
Pullman Inc
New
309
70 %
,
7
New York Stock
'
*
common
Co—
York Central RR
Standard
34%
,
9%
—/1 '
1
Electric
Nash-Kelvlnator
Pure
Jan
60
26%
50
Interlace Iron Corp common____„-»._*
New
Jan
4%
Members
Sep
Apr
25%
•
com
Copper Mining..
Curtiss-Wright
Martin
58 Ye
400
8%
6%
Stocks-
Atchison Topeka & Santa Pe com—100
Geneial
156
6%
33
:_5
common
70%
6
Wrigley (Wm Jn Co capital—.—0
Watling, Lerchen & Co.
Oct
4% Mar
1Y
50
3%
8%
4%
150
1,200
3
*
common—
Bankshares
Wisconsin
July
8 Ya
551
3
47 Ya
58
38
Jan
Jan
July
Sep
Rickel
(H.
common
__
9
common..
W.)
9 V4
—
common——
9Y4
9 V4
299
3
100
2 Ya
Jan
13 V4
2
13 y4
280
10%
Jan
2Ya
2%
3
3
3 V4
Jun
Sep
Aug
7Ya July
50
Parker-Wol
May
Scotten-Dillon
Simplicity
Standard
Tivoli
common—
common—.— —1
Pattern
Tube
B
550
1 Yt
Jan
1 Ya
100
iy4
Jan
2Yt May
2'/a
489
1 Va
Jan
2Yt
Sep
3 Ye
2%
common—.—1
3 Ya
100
VA
Jan
3%
Jun
1 Ya
.
.1
Brewery common—:
14% Apr
2 Ye July
2 Va
...10
Unlisted—
American
Columbia
General
Gas
;
__^
•
13%
V
4^0
Brands
Roller
13%
4%
52
Motors—
Standard
Timken
25
Rolling Mill-.
27%
___
25 Ya
46%
Bearing.
13%
155
10%
2
4%
125
52%
258
44 Yt
26%
204
25
47%
160
41 Ya
Jan
16 Yt July
U
S
Radiator
common
Universal
Cooler
Jan
55 Ya July
Walker
Co.
Sep
28%
Warner
Jan
Jan
5%
Jun
Sep
49% July
&
1
—
9
B—
common
Wayne Screw Products
v..
common...
'
,4
1%
1%
1Y4
200
68c
Jan
2Va May
4Ya
4%
4%
550
2
Jan
4Ya July
lYa
9
B
class
Aircraft
_____
1 Ya
1 Ya
1,300
1
Aug
.150
4
Jan
4
4
4
•
For
fbotnotes
see
page
1379.
/
0
lYa Mar
5
Mar
"
'W
THE COMMERCIAL & FINANCIAL CHRONICLE
1376
Monday, October 4, 1943
OTHER STOCK EXCHANGES
Range
Last
of Prices
For
Accessories,
Petroleum
Diamond
Blue
Corp
Oil common——
Chica
Bolsa
Chrysler
Corp
America™
of
Creameries
Jan
5
40
2,100
Jan
40
1.95
125
13%
33
(E
Wheel
6 'A
68%
Jan
14
53% Sep
IOJ/2 May
Sep
7%
1,353
3%
62%
96
July
Curtis
Pub
General
22 J/2
8
Goodyear
Hancock Oil
Co
A—
common
Lane-Wells Co
*
Lincoln Petroleum Co—
Aircraft Corp
Lockheed
20
52%
466
44%
13%
534
11% July
50
1
—-1
———1
Occidental Petroleum Corp
Oil Co—
OCeanic
Jan
55% July
14
Mar
Electric
&
Gas
Pacific
/
Pacific
Oil
Ranch
Oil
Richfield
Corp
common
Safeway Stores Inc.—
Security Company
Shell
Oil
Union
———,
—,
a
July
New
$1
13%
1.15
1,100
61
Jan
27c
'
16% Aug
220
8
Jan
97J/2C
24% Mar
Jan
13%
9c
Jan
36c
525
35c
Jan
60c
9
4%
Jan
1,153
23%
Jan
30 J/4
188
30%
Jan
36 y8
Aug
41%
494
34 J/2
Jan
44 J/2
19 J/2
100
18
5%
250
50
40
30
100
y 10
■
July
Jan
5% Sep
Jun
'28%
Jan
32%
20%
21
6,893
16%
Apr
24%
24%
25%
2,326
23%
Apr
21
Sep
26% Aug
Corporation
18
114%
Jan
1,031
117% 118
321/2
33
23%
533
23%
24
40
24
3
——
Apr
30 '/< May
13%
-.
120% Aug
341/4 July
Jan
26'/4
Jun
Oil
32%
32%
90
26%
Jan
.50
27%
27 »/4
27%
26
22%
Jan
1
prefe
Dome
9%
8%
91/2
329
2%
Jan
9%
Oct
39%
41'/a
111
38 Va
Jan
431/a
Feb
56%
56%
5
48%
Jan
63J/2 Mar
22
Jan
31
Corp.
2.10
Jan
6 J/2
Jan
50
33% July
30% Mar
.
Feb
34
7%
Jan
Class
A
Tonopah
Invest Corp
Preferred
United
5% Mar
50
*
participating——.
Mining
:
Transit
11% July
Jan
85
,
Tacony-Palmyra Bridge—
*
May
3%
100
43 J%
39
.-
30%
common
<♦.
■
1
•
—
31
30
221
1%
fa Jan
533
U
%
25
%
%
Feb
1%
2%
1,179
1%
1 J/4
58
35%
34%
35%
1,362
17%
2%
—
Sep
'
Itf
!?5
25
2%
2%
20,907
1%
Jan
15%
15%
50
12%
Feb
1% July
Feb
{} Jan
2% Aug
■
•;
Sep
25
.
—
Jun
43%
39%
*
,19% Sep
28
35 J/4
Jan
46 J/2
32
Jan
42
$3
*
Corp
*
common
Gas
.
17%
■
3®
Jan
2% May
35% Sep
Jan
'
Improvement—
—
2%
Sep
Jun
Jun
22
—
*
preferred
United
Westmoreland
July
Jan
27
39
225
Jan
39
138
7 J/a
Jan
13
Jan
4s'i
4
Jan
9
16
Jun
July
2 J/4
10
—.10
Inc.———
July
12 J%
24%
3
50
9
100
July
Pittsburgh Stock Exchange
Sep
24%
1,503
21 J/a
Jan
25 J/4 July
32%
1,294
30
Jan
32% Aug
31%
204
28%
Feb
32
Sep
Jan
36%
Sep
36
80
36 Va
36 J/2
100
25%
271/s
1,150
38
38%
33
32% Mar
39% May
Par
Jan
1%
Jan
6'/a
Sep
Allegheny Ludlum Steel
8
Apr
13 J/2
Sep
Arkansas Natural Gas Co
6'A
Jan
10
8%
8%
2,789
20%
20%
20%
Sale Price
STOCKS—
28 J/2
110
1,974
15%
Jan
Sales
Range
for Week
Last
Sep
30 J/4 May
721
13%
Week's
Friday
37
Jan
16
Sept. 25 to Oct. 1 both Inclusive, compiled from official sales lists
1,201
6
5%
8 /a
-2
25
3%
21
*
*
Sep
300
3%
a36
2714
3814
5%
5,798
50
common.*
new
50
Salt
July
"
31%
—
7%
Mar
300
7
30%
3 5 J/2
32%
—
Jan
5'/a
May
24%
32%
2 J/4
4%
May
4.9c
9
—
610
27 »/a
common.-..
Sep
39
\
8 V0 Mav
6%
Reading RR-
1.80 May
700
13%
California.
of
Oil
Union
1,600
31c
43%
„
Corp
Transamerica
V
a3
~
Jan
Feb
16%
6%
12%
•
Jan
3 J/4
4%
40c
36c
16%
a24%
1
Corp
Taylor Milling
preference
Ex-stock -distribution—
39
4 J/8
20
27%
Philco
38%
A—*
5,322
5%
6%
4.40% preferred
——-100
Philadelphia Electric Power 8% pfd.25
3%
4314
56% July
9 'A May
8%
1
.2
Sep
10
3%
71/2 May
44% Sep
42% July
-
7%
1%
Jun
5%
10
;
Apr
5%
Light
11%
50
Sinclair
Sunray Oil Corp
Jan
53
46
30
—*
—30
_*
Solar Aircraft Co
—
1
Sontag Drug Stores———*
Southern Calif Edison Co Ltd———25
6% preferred class B—
—-—25
514% preferred C——
•——25
Southern California Gas Co 6% pfd_25
6% preferred A
——-25
Southern Pacific Co
*
Standard Oil Co of California
•
44
51%
8%
41
41%
v
—.15
Corp
Signal Oil & Gas Co class
Oil Corporation
392
52%
•
__50
May
85 '/a July
Jan
41%
Jan
5%
-1
Ryan Aeronautical Co
33%
40%
Jan
19%
-1
•
Co
301
40%
Jan
6%
—.
1
50
Republic Petroleum Co common
5Va 7o preferred .
Rice
&
Jan
Jan
Jan
26%
29%
preferred
Corp common.
*
Public Service 1st pfd——*
1st
6%
67%
1%
34
35%
Pacific Lighting
110
16%
422
„
.25
25
common
81%
Sep
101/2
25
223
43c
__
10
Jan
40
298
31c
——*
Products
Pacific Clay
1-10
Jan
6%
6 J/8
10%
1.10
10
Mfg Co
3
30
43%
46
13%
a
—
160
6 J/8
39%
36c
—.
6%
10
Power
158 >/2
8%
80%
.*
Motors
15% May
Jan
43%
10%
.
6 J/4
High
11 J/4 Mar
127%
*
45
46
200
346
*
common
Corp
Pennsylvania RR
Philadelphia Electric Co
2nd
Menasco
Co
Low
15%
156%
*
5
Pennroad
May
Jan
9
14%
156
•
common
39%
*
-1
-10c
1
Angeles Investment Co
Los
—
———*
Tire & Rubber Co—
*
McBean & Co
511
300
13%
common———10
Motors Corp
11%
40
52%
——-1
Co Ltd class A
Exeter Oil
(General
Gladding,
Jan
Jan
7'A
11%
■
Co
Range Since January 1
High
66 % July
Feb
40
—4
Corp
Products
Mfg
Co
Lehigh Coal & Navigation
Lehigh Valley RR
Sep
National
Electrical
156'%
Prior preferred
Electric Storage Battery
Sep
10J/2 May
Jan
Jan
63
...100
Shares
81
Jan
Jan
60%
"
Douglas Aircraft Co
15 J/a
Chrysler Corp
Aug
7%
*7%
Budd
Budd
6 Va
.
G)
Sep
Jun
Low
•
Tel.—.
&
2.00 Mar
19 J/a
20*4
Tel
2.05
622
20 Va
American
Jan
300
9
8%
._
Jun
Jan
7%
19
60
8114
a81'/a
—
—
.
75c
100
6%
6%
,
American Stores—
Jan
1.35
132
53%
10
555
1.50
13%'
—*
——1*
1
Preferred
3%
53%
53 '%
5
——
Consolidated Steel Corp
500
1.90
—_1
Co————
Aircraft
5
23
of Prices
Par
4% May
Sales
for Week
Range
Sale Price
High
Feb
1.50
Inc com__*
—
100
Broadway Department Store
Central Investment Corp
Cessna
—^-1
2
—1
Consolidated
Barnhart-Morrow
Low
1.80
3%
4%
5
36
—1
8TOCKS-
Range Since January 1
Shares
1,492
2%
Week's
Last
for Week
High
Low
—50c
Inc
Company
Friday
Sales
Week's
Friday
Bandini
Sept, 25 to Oct. 1 both inclusive, compiled from official sales lists
compiled from official sales lists
Sale Price
STOCKS—
Aircraft
Philadelphia Stock Exchange
Angeles Stock Exchange
Los
Sept. 25 to Oct. r both inclusive,
May
Blaw-Knox
22% Julv
Clark
(D
Co..
L)
Oct
Devonian
Oil
Sep
Low
High
27%
27%
70
18%
Jan
31%
9%
10
8%
Feb
101/4 July
*
8%
8%
327
6
Jan
11% Jun
120
V/z
*
—
7%
Duquesne Brewing
7%
4%
common.—*
Electric
&
Range Since January 1
High
v.; 9%
Candy.
Gas
Low
Shares
*
preferred.100
__
Columbia
of Prices
4%
Jun
6%
Jan
7%
Jun
375
2
Jan
5 J/4
Jun
426
V
15
Jan
17% May
Jan
14 '/a July
Mining Stocks—
Mining Co_——10
Chollar G & S Mining Co.—-—1
Cons
1.25
1.25
100
3%
Jan
7
.
85c
Jan
lc
lc
2,000
lc
Sep
lc
Sep
3c
Ltd——25c
Imperial Development Co
Gold Mining Co
3c
1,000
3c
Apr
4c
July
—
—25c
Zenda
558
7
6%
7
Alaska Juneau Gold
1.25
Fort
Pitt
•
& Std Sani Corp
Co—
100
Anaconda Copper Mining Co—
50
Armour & Co (111)
--3
Atchison, Topeka & Santa Fe Ry—100
Aviation Corp
-3
Baldwin Locomotive Works v t c—13
& Refining
American
Smelting
American
Tel & Tel Co
10
45
61/4
Jan
39%
90
39%
Aug
155% 156%
373
131%
Feb
124
24%
Jan
580
3'/a
Jan
10
alO
a39%
—
al56'%
a
25%
251/2
6
6
75
60%
a60
4
Co
Oil
Barnsdall
——5
—
Jan
Jan
Feb
6% Apr
19% May
Borden
--j*
Company—.—25
Corp—*
-5
Crown Zellerbach Corp
5
Curtiss-Wright Corp
——1
Jan
19
69
15%
170
9
9
a4%
275
4%
50
Oil
Class A
(Del)
Co
v
"
■
Foods
10
9%
77
22%
Jan
400
%
a33%
33%
50
29%
Feb
al6
16 J/a
125
15%
Sep
71/a
7 J/s
251
al8%
18%
3 8 J/2
38 J/2
Goodrich
Co———
F)
(B
—1
*
—
*
Copper Corp
*
*
Libby, McNeill & Libby
—7
Kennecott
Packard
Company-—_
Motor
Inc
Pictures
Paramount
—
Pure
Oil Co
—
Standard
Brands
Inc
a30%
39
July
Jun
28
36J/4
Apr
39% July
2 J/2 May
50
10
27
30%
280
14
100
31
100
7%
7%
1,055
59%
90
Jan
21July
——.—1
25
17
18%
3%
3%
a26
a
27 J/2
'
61
425
26
40
27%
153
23%
24
110
33%
34%
140
17
17
a9%
10%
17%
17%
80
77
—.—25
Sulphur Co——
United
Air
United
Corp
United
States
Co
a49%
a97%
,
Western Union Telegraph Co
Motors
'Inc
Company (F W)—_
footnotes
see
Aug
33% Aug
121/4
5
14J/4
Jan
59%
Jan
13%
24%
page
1379.
19%
.
Aug
86
Sep
10 J/4
Jan
15
160
16%
Jam
2.9%
26%
145
*1/4
Jan
28
28%
Feb
Postal Long Distance.
Beli Teletype 8L693
471/4
Jan
8
Falstaff
100
1
;———.1
common
;
Hydraulic Pressed Brick pfd——100
International Shoe
Laclede
60
Sep
5%
Jan
13
26% Aug'"
49%
45
42%
Jan
501/4 Aug
84 J/4
26
12%
35
35
5%
31
10
High
Feb
43
7%
Apr
Jan
43
Sep
Jan
July
5
15%
Jan
22 Va
Apr
25
17%
Jan
26'/2
Sep
i2%.^12%
30
7'A
Jan-
13
common...
Rice-Stix
10
6 %
100
8%
23
8%
*
5%
7%
25
28
Feb
8%
Jan
Jan
6%
6%
20
3%
35%
36 J/2
110
28%
35
Jan
Jan
6%
36
35
July
7 J/2 July
7%
Sep
Oct
Apr
38% July
May
Feb
22%
26
.5
Jun
24'%
22'/a
26
.—__—*
Huttig S. & D. common.
Park Brew, common..—
36% July
401/2
40
''
Hyde
203
821%
164
'16%
16 'A
150
15%
Jan
18
Mar
Supply common——*
171/4
17%
70
14%
Jan
20
Mar
Missouri
36%
20
Midwest Piping &
Portland
Cement
12J/2
Jan
16»/2 July
National
Candy
Nat'l
82 J%
Aug
Jan
18 «/4
27 J/a
Jan
al%
1%
20
II
Jan
Apr
45
53%
53%
13%
13%
79
38
971/8
221
2a0
33
48
29
Sep
39% May
2 J/4 May
Steel
common
Louis
Car
Mar
45
Sep
Jan
59
July
Stix, Baer & Fuller
7%
Jan
443
35 J/2
Aug
38
82
Jan
161
100
38
40
123
39%
123
9%
*
91/4
120
1,990
15
:
40
Sep
Mar
123
Jan
10
Sep
Sep
14%' Jan
117
42
6%
2
2% Mar
July '
2%
16
10
5'/a
5 Va
35
2%
Feb
6
May
5
14%
141/2
15
8 J/2
Jan
15
common
—1
10'/I
10 %
25
6J/4
Jan-
12
common...
6 J/2
Feb
10 'A
32
July
July
July
July
95 '/a
July
2
3
.10
10
9%
10
303
15
32
31%
32
'584
241/4 Jan
90
90
$500
85
~
Sep
Jan
•
common
common
Scruggs-V.-B. Inc.
Sterling Aluminum
1,000
—
St Louis Bank Building Equip com
3t.
15%
common__25
common—
Candy 1st pfd—.
—
Dry Goods common
10
50
6%
a38',4
18
6
Apr
130
20
-1
43
.1
common
Brew -common.
275
25
—10
High
40%
:
Low
6
40%
1
Range Since January 1
43
common
Hussmann-Ligonier
Shares
Low
"
Bottling
of Prices
*
■
common.
-i''
12%
81%
a96%
Exchange
20
common..
common
•
271/s
12%
31%
50
Shoe
Burkart Mfg.
July
195
45
Co.
Inv.
Coca-Cola
.
201/2 July
13%
49%
Aloe
S.
Brown
July
121/4 May
24%
97%
.100
z,
34
Tan
206
a27
A.
American
23% Aug
Jun
200
"
For
23
27%
•
Feb
24% May
Phone
Par
Jun
Apr
97%
..5
Westinghouse Elec & Mfg Co.—
Woolworth
277/a
31%
27%
a27%
,35
CEntral 7600
Sale Price
STOCKS—
■
a36%
a82%
.10
United States Steel Corp
Warner Bros Pictures Inc.
Willys-Overland
Jan
Jan
a31%
5
Corp
(Del);
Rubber
12%
32% Aug
15% Jan
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
Week's
Sales
Friday
for Week
Last
Range
May
15%
*
Lines Transport
5
24
____5
Aircraft
United
Jan
a25 '4
—*
*
Company—100
Railroad
2%
87%
—
400
187
1922
St. Louis Slock
18% July
Jan
.———-—.
34%
22 %
Apr
12
—
Aug
9% May
1% July
Oct
Mar
Jun
10%
13%
6%
55c
New York Curb Exchange Associate
63J/2 July
48 J/s July
164
17
al8%
17%
25c
61
100
Associate Member Chicago Mercantile Exchange
Apr
—
200
St. Louis 2, Missouri
Apr
Union Carbide & Carbon Corp.—
Pacific
8%
Apr
14
215
Gulf
,
20 J/4
59
Union
54
Jan
35%
Texas
35
Feb
a34%
_
90c
7'/a
65c
16% Mar
Jan
Jan
Jan
a58%
Corp (The)
J an
0%
9%
25
Texas
6%
30
lO'/a
Company (Indiana)—25
Corp
Jan
65c
Mar
36'/a
Co
Go——
Sep
97'/a July
6% Apr
Chicago Board of Trade
Chicago Stock Exch.
Aug
36
328
Oil
&
28 J/2
Oct
350
Oil
Studebaker
Feb
Aug
1,515
Standard
Swift
1
28
30%
181/2
Standard
(N J)——..—
Jan
St. Louis Stock Exchange
451/2
.—*
—
Jan
4 J/4
New York Stock Exchange
41
10J/4
al7
Mar
84%
Established
<
North 4th St.,
300
Jan
17%
of America—
Corp
40
50
34J/2
21%
21%
*
Jan
45%
a24
a34%
Sep
138
6%
—;•-*
35%
10%
*
*
:
31%
July
5%
65c
31%
18%
10%
*
Republic Steel Corp..——.—.___—■*
Sears, Roebuck & Co
—-———"
Socony-Vacuum Oil Co
—-15
Southern Ry Co—:
——————*
Radio
July
15% Aug
9% Apr
4514
50
25
Pennsylvania Railroad Co.
Phelps Dodge Corporation
Pullman Incorporated
60
,
93%
65c
65
a58%
*
1
Car Co—
95c
Edward D. Jones & Co.
1 '/a May
37
*
Co
American
Oil
Jan
*
1
*
*
Montgomery Ward & Co Inc
New
York Central RR
North American Aviation, Inc.
Ohio
30%
7%
*
Loew's Inc
North
—
8
Jan
5%
40
6%
281
1%
a27
14
■
Jan
25c
600
4%
42%
al%
30%
Graham-Paige Motors Corp
Northern Railway Co—.—
325
July
93%
41
42%
—
Great
7%
50c
3
18% July
9 J/4 Jun
Members
a42 '/a
International Nickel Co of Canada
International Tel & Tel Corp
Sep
St. Louis Listed and Unlisted Securities
Jun
-«
a40%
•—
8%
15% July
25% Aug
Jan
7
874
Sep
20
7%
—
,
Jan
Jan
Sep
5
Jan
26%
*
*
Corp
Vanadium
Alloys Steel
Westinghouse Air Brake...
1%
13%
2,000,
40
1
common——,
8%
66
7%
1
Springs
Glass
380
8%
50c
1
.—'
States
H1/2 May
Jan
15
a26%
•*..j
Co
Electric
General
2
15'/2
29'%
Jan
—
*
General
6%
—
«
..
—
151/2 Sep
28% Aug
al5
Commonwealth & Southern
Continental
United
July
29%
Corp
3
16%
8%
Brewing
Steel
Standard
July
Sep
29%
Ry
Edison
Commonwealth
13
58
5
a
Coj
——25
Columbia Gas & Electric Corp.—*
Commercial Solvents Corp——
—Pacific
Canadian
125
185
al5%
—
——15
Co
17
58
8%
10
*
Supply
13
2%
10
Co
Renner
64% July
31/2
12%
13
preferred———*
Pittsburgh Plate Glass
———25
Pitts Screw & Bolt Corp..
•
Jan
16'A
16
Fireproofing
Pittsburgh
July
16%
--
Boeing Airplane Co
6
58
al7
Bethlehem Steel Corp
48
31%
25
16 J/4
16%
National
Jun
43% July
156% July
100
4
—
a
11%
-
5
.1
Gas.—.
Fuel
Mountain
Stocks—
Unlisted
Amer Rad
16
Refractories—.__—*
Brewing
Star
16'A
10
—
—
Walker
Harbison
Lone
—
6V'a
100
38%
387/a
70
82
2 J/2
36
151/2 July
Jan
8%
Jun
Mar
40%
Jun
Wagner
Electric
common.—
*
BONDS—
Scullin
Steel
3s—
1941
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
158
CANADIAN
^ Montreal Stock
Canadian
LISTED) MARKETS
\
Exchange
Curb Market
Funds
Week's
Last
'•
Acme
Works
Glove
Algoma'• Steel
Preferred
Ltd»
—
50
Asbestos
_•
.^Corp—li.wXX—XXXi
Associated
BathUrst
bell
Breweries
Power &
L
T
P—
Ai
10 Ma
11
on
:
101
B
11
July
130
82
Jan
90
Sep
160
104
Sep
133
May
201
1UU%
Peo
103%
Beauharnois
24%
25
860
21%
Jan
20%
425
15
Jan
21
13 Ma
13%
350
12 Ma Mar
141
)
15%
Sep
Brewers & Dist of
British
>
——
7%
28 Mj
Sep
Canada
29 >
July
Canada
4M4
3,030
2
Jan
5 Mi
May
,
8
•
•
8
100
17
„
17
80
Ma
Sep
Jan
9
Jun
Mar
5M2
13
17
Canada &
Sep
.
Preferred
:
—
..
yMconoi
106% Aug
26% Jury
Jan
38
5
Jan
42
beo
Feb
34
Feb
>•
•'
Claude
—.
Glass
Coal
Stores
(
17%
Jan
33
May
Class
27%
25
Feb
33%
Apr
Dominion
Feb
Dom
275
105
3
5%
,400
3%
Jan
5%
110
3%
Jan
5%
Jun
21
85
11
1,021
12%
43%
100
'
x
—
9%
*
9
125
Jan
8
'40
25
4
">•
4
16%
s
16%
9
92%
93
13%
13%
100
Gypsum, Lime & Alabastine
Hamilton
•
109
•
•
Hollinger Gold Mines——
Howard
Smith
Paper
Preferred
Hudson
Indust.
•
<•
Fleet
&
of
Accp. Corp.
Can
common.......
Preferred
*
International
Nickel
International
Paper common—. ..15
preferred
Canada
01
"A"__—
Works
Linoleum
Ltd.
Aircraft
Farmer
*
Co
7%
Petroleum
Ltd—.
Co
Preferred
Lake
—
the Woods
of
Preferred
Laura
425
3%
3%
375
28%
28%
34
X'
4%
100
3%
24%
575
*
4%
A__ —»
24%
24%
—
165
8%
265
5%
5%
Jan
10%
Feb
of
Canada
Companies,
St
John
Ltd
Ltd
&
_____*
Corp
50c
Massey-Harris
Melchers
Mar
P^
Co
Distilleries
Sep
1.45
Jan
10
Jan
7
Jun
pfd—.100
19%
$1
Stores
Ltd
6%
Jan
94
Jan
14%
Sep
Sep
109% Aug
7%
Jun
McColl-Frontenac
Mitchell (J S)
Mont
&
Montreal
Tramways
National
Breweries
New
—
common
L
&
Pr
Jan
24
July
6
Jan
15
Jun
Jan
110
Jan
400
19
Jan
25
124
Mar
9%
Jan
13%
9%
1,161
5%
Jan
9%
432
19
170
27
27
34%
35%
255
40%
40%
15
58%
59
15
15
y
40%
59
j
•
•
50%
'
23%
23%
160
Xw"'
*
-
—,
100
common
Sep
8
y 6%
19
Jan
Sep
19
pfd——10
.
—*
48%
1st pfd.100
48%
Power
Ltd
of
Corp
Price
Bros
5 %
24%
Jan
27%
Jun
13
Feb
18
Sep
35
22
Feb
33%
Ltd
36
1
Quebec Power XX
Jan
Jan
40%
38
Jan
Paper
Saguenay
Power
Lawrence
Class
St.
15
Sep
15
Shawiniarnn
Sher.
Water
Williams
of
40
Jan
52
Jan
24
245
■
2
160
25%
Jan
15
4
Jan
8%
250
6%
Jan
50
43%
Feb
of
165
H
Viau
Steel
Cotton
Western
Grocers
Wilsils
1
Aldermac
Copper
Ltd
L—L'
i
•
6
,Jan
jJan
8% Mar
105
17'A
15
30
July
16% Mar
13%
114
Mar
Feb
Jan
July
18% July
47
July
19%
Jun
16% July
127
Sep
12%
95
10% Mar
12%
Sep
68
15
59%
Jan
72
Apr
4%
Jan
6
4%
50
6%
50
3
Feb
5
60
Jun
60
125
6%
60
Apr
Sep
Jun
150
56
.
47
May
58
Jun
34
120
Mar
125
Sep
Ma
18 Ma
105
6
Ma
6%
1,220
17% Aug
2%
Jan
19%! Mar
8Mb July
55 Ma
58
395
21
Jan
63 Ma July
17 Ma
58
17 Ma
110
13
Jan
18
July
Commerce
Nova
Scotia
FtOyal Bank
_.
]
_.
of
—!
—100
141
see
page
1379.
10
Jan
60 %
Sep
Jan
21%
Aug
10c
Jun
21c
Aug
1,000
4,100
300
Gold
Aug
Gold
Joliet-Quebec
Kirkland
Mines
Gold
Lake
Shore
Lebel
Oro
Mines
Aug
3%c
1,000
2c
Feb
4c
64c
64c
500
40c
Mar
68c
Sep
1.00
3c
3%c
3,000
1c
Feb
4c
Jun
2%c
3c
12,500
2c '
Apr
6c
Jan
Ltd...1.00
200
80c
Jan
90c
90c
300
90c'
Sep
—i
Ltd..
—
1.33
2%c
2%c
2,000
1
7c
7c
492
15%
15%
150
2c
2c
334
200
79c
1
—...
Ltd
1.00
_
Ltd
3C
1
.———
Rand
Mines
Aug
3%c
Mines
Mines
Gold
July
*
Ltd——.—,
Gold
7c
62c
1
Eldorado
Rock
Jan
Jan
Ltd
Mines
Hard
2%c
12c
Mines
Mines
Malartic
Central Cadillac Gold
Madsen
—1
—
Lake
Red
Gold
Mines
1
Malartic Goldfields
Mining
Corp
Normetal
O'Brien
Pato
of
1.33
2%c
3 %c
1.60 Aug
90c
Sep
6c
Aug
July
Feb
Apr
8c
11%
Feb
16%
Sep
2c
Sep
4c
Aug
Cons.
Gold
Shawkey
Gold
Sullivan
Ltd
Mining
Mines
3.75
May
2.20
Sep
1.04
2,200
78c
Jan
1.16
Sep
1.08
1,300
63 %c
1.12
Sep
3.25
88c
2.00
~3%C
1
Ltd—
Apr
1.50
88c
88c
1.00
Ltd—
Co
Ltd
1.43 Sep
1.66
1,000
3.25
;_X_.—.1
Mines
Mines
Cons
•
Dredging Ltd———1
Mines
Gold
1.08
Jan
400
2.15
1.07
"l.04
1
Ltd.——.
Gold Mines Ltd—.
Sherritt-Gordon
S.scoe
_®
1.38
3.40
1.04
3.40
Ltd—...—*
Ltd——
Corp
Mines
Gold
Pickle Crow
1.38
3.30
2.15
1
Canada
Mining
Gold
Perron
2.00
3c
3 %C
3,585
,
1,700
100
3,000
May
2.15 Mar
Sep
Sep
1.04
Jan
May
1.44
3.25
July
82c
2.08
Sep
2%c May
4c
Feb
1.04
July
1
80c
80c
53
66 %c
Jan
1.00
.
51c
51c
3,030
38c
Jan
68c
Jan
1.40
July
Sep
1.52 May
2.20
Sep
Ltd—
1
Sylvanite Gold Mines Ltd——
—1
1.32
1.07
1.40
44,195
2.10
2.10
700
60c
OilsEast
Oil
Crest
Home
Oil
Ltd
*
14C
14c
500
•
Co
...—,
Ltd
Co
3.55
3.55
131
Toronto Stock
Canadian
10%c
Feb
21%c July
2.66 Jan
4.00 July
Exchange
Week's
Friday
STOCKS—
6%
Aldermac
Aunor
Ltd
•
Canada
5%
of
Mines
Bank
of
Base
Nova
Bear
Exploration
Beattie
Beatty
Gold
River
Aug
&
Mar
Blue
26
223
Jan
254 Ma May
141
154
132
Jan
150
Aug
Ribbon
Preferred
Blue
Corp
Sep
133% Mar
Jun
Jan
102'/8 Feb
84%c Jun
73c
77c
6.00
6.25
995
47c
3.00
53c
53c
600
20c
21 %c
25c
28,400
43c
52c
10,700
22c
35c
Jun
July
9c 11%c
49,050
2%c Jan
9%c
3.35
3.30
14%c
4.350
15c
9,000
1.35
Jan
8%c Jan
4c
May
15c
15,100
158
159
28
150
Aug
245
245
8
227
255
255
255
15
234
Jan
Feb
14c
13%c
14c
8,400
13%
13%
60
37c.39%c
27,400
12%c
__
__
,
*
23
21
21
157
155
157
1,05
1.10
1,000
38c
43c
28,222
Apr
Mar
Jan
Apr
Feb
Jan
70c
Jun
9%c Jan
159
10
Jan
4% Feb
29% Jan
10
.Feb
10
Feb
1
1.50
1.53
1
_
38c
*
—X—-
Ltd
39c
1
—
Gold
—
3.35
14c
common
———
12,710
225
257
9
50
—
■
16-
.
8
40%
—
10
9
8
—
*
——*
1.62
40%
35
14Va
16%
,276
14
16
247
8%c
12
10c
70c
15
140%
Aug
6.50 Sep
Jan
10o
—
21c
Feo
23%c
1
.
Ltd.
Top preferred—
B
104
100%
75c
Radium——1
Biltmore Hats Ltd
160
Kirkland
95
4% July
33
July
14c
Feb
1.60 July
6.25
*
_*
,
Mines.
144
Bidgood
105 106%
Jan
Jan
Jan
Jan
Jan
615
6,200
—*
—.100
Mines
1,000
101% 101%
__
101%
1
class A
Bros
Jan
250
•
Bathurst Power class A
Jan
141
7,800
100
Mining
147
20
133
17c
—100
Scotia
129
138
159
16c
1
133
156
16d
1
Toronto
Metals
2,100
1
Ltd
Consolidated, Mines
of
1.44
11c ll%c
High
70c
5
6c
13%c
9c
43c
Montreal
Bank
1.33
—
Quebec Mines
Geld
3,130
11c
1.38
pfd-100
Range Since January 1
Low
—*
common
of
Co.
Gold
Bankfield
32%
—
Bagamac Mines
Bank
30%
*
Anglo Canadian Oil
Anglo-Huronian Ltd
Aquarius- Porcupine Gold Mines
Arjon
Gold
Mines
'_
Astoria
31%
1,741
1
Copper
Armistice
3
Ltd—
Co
Shares
High
2%
Gas Co
Aluminium
Low
3
—100
Oil
&
Gas
Oil &
of Prices
*
common
preferred
Acme
Ajax
& Paper
Power
Sales
for Week
Range
Sale Price
Par
Abitibi
Mar
Sep
Funds
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
Class
For footnotes
Jan
19%
7c
128
250
159
.—100
—
Canada
,_100
2%
47%
36
17c
5
138
100
...
Montreal
133
191
438
40c
Bouscadillac
Berens
133
.——100
——:
10
6c
Bell Telephone of Canada
Banks—
Canadienne
Sep
July
21%
17c
Aluminum
68
18
6%
Jun
10
4
17
120
July
16
108
Feb
4%
97
105% May
60%
40c
Sep
10% May
Jan
Feb
1,759
83
1.75 Jan
11%
55%
*
a—100
14
Jan
.32%
6%
;—-a—-—t—*
common—
10
62
60
'
Jan
*
Canadian
Corp
10% July
634
125
common-
25
53
19% July
44%
preferred—.100
Ltd
Preferred
a
48%
Jan
102
Gold Mines Ltd—
.1
Kirk Gold Mines Ltd.—1
Beaufpr
Bidgood
6% July
Jan
16%
60
—X
Electric
1
87
21
10
8% May
Jan
625
1°0
—._X— *
Ltd'
Winnipeg
Zellers
—'—
—X~
..
125
150
125
45 % Mar
25
55%
60%
*
Fen
12
•
4%
—
—
common
Wabasso
—
*
Corp
Biscuit
Preferred
—
90
■
Apr
21
com.*
Aug
9%
3%
125
12%
*
common
July
Oct
6
15
17%
*
*
Power..
Canada
15%
10%
"
Too
...
Canada
Steel
United
common
82 %
245
16
16
100
Power.;
&
Canada
55
775
107
3%
7
Mines—
v
Aug
22%
845
51
44%
•50
♦
9
107
"3%
—
Preferred
Southern
Co.
2. 100
Paper preferred.
•
10%
common
preferred
A
■
„•
•Jt
Feb
97
104% 104%
*
Worts Ltd
preferred——;
Sep
9%
15%
:
...
_...
preferred.
Corp
Lawrence
#
X—2——
'
common
common.
81%
82%
5%
62% Aug
18%
18
«
Knitting
Rolland
X—,v
•
100
75
Jun
Sep
26
36%
200
8
8
-
—
common
preferred
Regent
St
*
July
Apr
1,100
53
53
—
Canada..
Co
&
*
common
22
48%
97
97
pfd.100
cum
Last
Penmans
16%
Jan
Sep
6%
1
Sep
July
9% July
50
1,625
•
160
6
'
8
Jun
10
27
25
26%
130
32
18
•
—XXX;
Aircraft
H
17
13%
19
•
Sep
98
9%
•
Feb
30
26%
100
—
Car
Ottawa
Sep
Jun
18
•
X
"
common..
Preferred
Ottawa
22
500
25%
9 %
Jan
65 '
Jan
90
25%
•
Noranda Mines Ltd.
17% July
12%
Jan
X-
—
Ogilvie Flour Mills
Jan
10% Mar
May
2578
»
Corp.
12
Jun
32% Aug
8%
*-
—:
Car
105
13%
XX
•
common
Preferred
National Steel
Jan
Feb
13
.100
—>—
—.
98%
27
82
Z25
Cons
Mtge
16% July
13
«■
•
Loan
12% Aug
Jan
23%
——
Light Heat & Power
Jan
Jun
13
9%
_
.
8.50
12
8
23 %
♦
Oil
Jan
15%
♦
Massey-Harris
4%
Jan
14%
6%
Limited
common..
&
cumulative
Jan
4%
555
20%
Corp of Canada 6%
Wal-Gooderham
10
13% July
18% Sep
11
15%
Corporation Ltd——;
Thrift
July
3
8
15%
Power
Apr
5 Va
8
Sep
'
5%
Ltd
*
,*
_
Moore
8% July
.
A—*
-1
*
Class A preferred.—.
9% July
81
Motor
Maple Leaf Milling Co. Ltd——
Jun
10
130
24%
18%
Feb
130
Jan
17%
July
11%
;
Jun
19%
Jun
18
Aug
11
100
yx-
—
6%
P
126
Jan
15
25%
100
Candy..
Sep
Jan
Lake
Jan
Jan
1,035
May
4%
28%
Jan
8%
100
108% 108%'
35
Jan
21% Mar
11%
120
15
•
4
Jan
2%
Aug
Apr
39% Mar
•
14
31%
5.00
——1
Shops
7%
1.00
23
•
3% Mar
Jun
Apr
Jan
50
Aug
Jan
5
850
Apr
30
Jan
3%
Jan
-
31
1.942
6%
24 %
1.00
18% May
xx
_
6%
Aug
2%
36 %
15
33
»
common
.
Secord
Montreal
.
1,832
16
Sep
15
506
•
100
..
29
1,00
22% Mar
1.00
35
•
International Power common.—.
25
6%
pfd—100
Limited
Aircraft Ltd
32
28%
•
cum.
12
1.00
32
Ltd—*
Ltd
Candy
1.00
Ltd_—*
11%
94
2,917
Feb
1.00
8
16%
Jan
11
11%
79
12%
3
30
11%
16% July
25
5,671
16
Utilities
22%
V*
5%
16
International
34%
"XX
■■
5%
*
bep
31% July
16% Jun
22%
•
5%
Apr
112
34%
com_.•
6
Jan
HVa Juiy
660
87%
Feb
lie
Jun
May
12
Sep
6% July
Jan
Feb
32%
22
8
lie
3%
6%
45c
24%
xX
•
Feb
16
55
Jan
400
87%
..25
Bronze
15c
10c
15c
July
.July
30
21 %
100
-
-
International
Feb
Apr
May
20 %
7%
16%
16%
5
common
6
20
155
105
7c
2 %
300
Jan
14%
835
1
110
250
6%
Sep
July
Sep
July
Jan
59
15%
14
2%
5% Juiy
12%
12
6%
10c
*
47
Jan
12%
283
31 %
10c
Jan
Jan
8%
12
2%
•
*
;
Paper Co
Dairies
Fairchild
25% Aug
6%
105
—
10c
39 %
Apr
12%
Jan
12
•
Ltd
Tobacco
International
X
32
30
Sep
,
470
Mar
12
12%
31
77
Jan
1,350
4
15%
5
100
....
Mining
Imperial Oil
6%
♦
common
:
Bay
Imperial
—
6%
10
11%
13%
2%
Cartier-Malartic Gold Mines Ltd
Bridge
47
11%
13%
X 25 %
May
19
50
7%
40
Mar
3 %
19%
460
109
7
53%
Jan
18%
195
Xm.
♦
.
53%
85c
18%
21
-
9%
-r-r
■
2,825
19
200
24%
2%
2.50
j,
;
Oilcloth
Fanny
Limitee
Engineering
Donnacona
Jun
126
24%
•xX.-.
....
2%
Fraser Companies voting trust
—*
Freiman Ltd
(A J)
common.—
—*
Aug
9%
170
Fraser
Mar
5%
169
Feb
July
6
5%
uX'
Jan
160
July
76
275
10% Aug
148
24
36
220
200
Apr
Sep
Sep
Jun
Jan
1,740
8%
8%
19
Ford
285
55 c
9%
15% Mar
July
9%
77
101
Apr
29
9%
76
B
Eastern
12% May
13% Jun
46
27% Mar
1,828
9%
—
_
10
"
9%
9
X
-
60
13%
125
37%
fe^Frere,
Southern Canada Pow 6%
100
Preferred
20
27
55c
_
common
112
9%
8
■
-
Wares
26
9
*
preferred
175
13%
*
Canada
35%
125
$
common
85
27
_i—„
Corp.
~
44
112
•
27
'!
♦
Canadian
9%
Jan
34
X-X-
Corp
Feb
28%
275
26
Jan...
7%
43%
35%
••
Heating Prod...
Electric class "B"-_
12%
12
28%
...
Enamel &
155
56
22% Aug
Jun
8%
62
'
■
*
Ltd
Corp
10%
47
common
______
Paper
110
17% Mar
91
C
David
Jun
5%
♦
_
106
5%
10%
————
common.
104% Mar
—
35
Sep
Sep
8
22% July
168
Ltd——*
"A"—.
506
X; 47
18
8
Feb
Jan
163
53%
Sep
5%
9
common
of
50
21
*
^——
Co
32
105
100
Dryden Paper
Players
Sep
12%
B
Ltd
Eastern Dairies
T50
11
#
Dominion Tar & Chemical
Textile
Jan
Feb
Sec
Aug
168
——5.00
Div
4
5%
Sep
July
4
11% July
162
~2%
Ltd—
Jan
17%
9%
10%
10%
163
100
Adv
Ltd
22%
17
Feb
9%
10
100
9%
18
i
7%
General
Consolidated
27
133
39%
100
"9%
;*
.
...
Preferred
27% Aug
Sep
B
Co
Alcohols
Consolidated
290
21
25
common
&
July
5%
*
—
Jun
12
Neon
Preferred
26
v.
*
...
Steel
,
_
common
25%
108
Jan
5%
b
.
7%
class
pfd.
Westinghouse Co
Commercial
365
39%
*
Bridge
Dominion Coal preferred
Foundation
'
•
•
...
Preferred
Steel
305
Jan
105
22%
22%
0
Catelli Food Products Ltd com.—*
b'/c preferred
X-«
15
May
150
25
_
Mining & Smelting
Glass
55
495
Vickers
Canadian
Aug
27%
32
•
—
pfd—.100
100
Marconi"
Canadian
14% May
Jan
Jan
31%
1.45
7%
preferred
Canadian
'
A
ciass
Dominion
5%
75
9
Sep
Sugar Co_
Pr
Industries Ltd
Canadian
31%
X
—
•
Seagrams
Gatineau
115
9%
145
XX
Plow
Consolidated
General
V
...
Locomotive
English
»
100
—
Pacific Railway
Cookshutt
Famous
8,800
,
38
39%
common-
Canadian
E.ectroiux
4% :
108
9
150
100
Canadian
Dominion
Jan
215
32%
8%
Feb
25% -26%
•.
100
Invest
:
-
9
♦
Dominion
92
20
315
•
41
103
XX'"'
»
25
_
_
•dominion
12%
32%
■'
Jan
25
35%
41
•
-
B
Consumers
12%
4%
4%
232
;
21%
35
4%
common
industrial
Dominion
V
D5 •; '
.
100
Foreign
Distillers
21%
12%
-
Class
1,555
105% 106
-21%
I50
Canadian Converters
Canadian
8%
''
Ceiunese
Canadian
8%
Dominion
Northern
Vinegars Ltd
2%
1,282
8
22%
22%
12%
25
4%
8
Canadian Dredge & Dock Co Ltd—*
Canadian General Investments Ltd—*
239
156
25
110
11%
4%
22%
X
77
-
3
•11%
—>*
158 %
^*
eummon—
3
—*
Ltd
Jan
common
preferred
Ltd—
Jan
—
Preferred
Canadian
62
23
common——
Canadian Car & Foundry
New
preferred
Feb
14%' Jan
*
Bronze
62
190
8JA
Preferred
Canadian
62
*
1,248
'
Breweries
4% July
32% July
28%
4 :
Steamsnlp common
preferred.X—
"b'/c
Jan
28 Ma
«
Canada
Canadian
5%
28
4
•'
A
1,690
26%
155
—xXX-j- 100
class
32
28
'
Forgings
30%
27%
156
Canada Cement common*.-——
Canada
Jan
31%
*
..
—
65c '
Feb
Vk
Preferred '
1,200
100
Co
High
3
Ltd
Oil
LOW
2%
Vancouver Ltd—5.00
American
Range Since January 1
High
2%
_200
—
Corp
Brandram-Henderson
25% July
20 Ma
Low
Shares
•
common—
Paper Co Ltd "B"—*
Power
for Week
of Prices
..Par
Batnurst Pwr A?
Feb
20%
(>X
■
——XX--—————
Building Products class A
Feb
Jan
70
'/
Abitibl Power & Paper
6% preferred
7% preferred
Sales
.
Range
Sale Price
•
*
Bruck Silk Mills
Jun
8 Ma
250
101%
:
ciass
64
;"X X
High
25
common—X----*
Paper class A-X-^*
Columbia Power Class' A
British
5
.105 Ms 106%
101%
Telephone Co o£ Canada—loo
Brazilian
Range Since January 1
Low
70
«Q
89
105 Ms
—♦
Aluminum Co of Canada pfd—X
Shares
stocks—
v
—
100
:
common
Last
High
70
common—xXi-XX-*;
Ltd
Low
„
6%^ pfd—100
X
Aluminium
V
XPar '
^
Week's
Friday
Sales
of Prices
Funds
Sept. 35 to Oct. 1 both inclusive, compiled from official sales lists
for Week
Range
Sale Price
STOCKS-
Canadian
;
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
Friday
1377
68c
X.
July
33c July
53c Apr
14c
Sep
3.50 Sep*
19%cJuly
15c July
161
Jun
259
Mar
255
Aug
!7%cJuly
15
July
49%c.Jun
1.87 Sep
23
Sep
160
Sep
1.10 Sep
63c
Aug
9
Aug
8
bep
41 /s Sep
18
Sep
18
Sep.
CHRONICLE
THE COMMERCIAL & FINANCIAL
1378
CANADIAN
STOCKS—
<
Range
of Prices
Shares
for Week
of Prices
Par
High
Low
Sales,
Week's
Range
Last
Sale Price
Range Since January 1
High
Low
'A- > Par
Friday
STOCKSr-
for Week
Last
n
■
LISTED MARKETS
Sales
Week's
Friday
.ale Price
\ ;
Monday, October 4,. 1943 /
Low
16%
12
12%
.9%
; 9%
'i.'-v-Low
■
'
■
19 Vic 19
Bralorne
Class
:
B
11%
22%
25
28 %
17%
Jan
17%
Apr
23%
Feb
29
25
2%
Jan
21,903
19%
Jan
v??;-;: 10"
Buffalo Canadian Gold Mines
70c
69c
71c
8Vic
9Vic
3,550
3.25
3.25
3.35
7 Vic
8%C
10%
10%
Calgary & Edmonton Corp Ltd———*
-1
1.92
1.80
1.95
27'Ac
27 %c
30C
'5C
5c
10%
Steel Co common—
2nd preferred _A—~--A.-'—-Y-*
Burlington
■
;;"Calmont Oils Ltd-,
/-v~—..aa-Iy
Camp Bird - Mines
Class B
.
*
—-
Canadian
Bakeries
Canadian
Breweries
Preferred
,20
20
17% Aug
24
Jan
92
10
66
Jan
93
Sep
4%
1,400
Jan
5
41%
55
Jan
42
July
9
9%
275
28 Va
100
7% Mar.
27% Mar
25% Sep
27%
Sep
38
75
Jan
38
148
155
133
Feb
148
15
15
Jan
19
5%c Sep
10c
July
Jan
26c
Sep
Sep
l%c May
Vic
Jan
4,500
9c
Aug
: Y
500
■A
,
150
10
■
3 Vac
2%c Aug
Jan
55c
7,200
40c
May
A,
14%
.
Jan
1.12
16
16%
5.75. 5.85
5c
•
Jan
,4.75
10%
13'A
3'Ac
970
,
Jan
/
5%
-
:
,
1.40 Aug
16% Sep
6.10
Gold
: ;A
Massey-tiarrls
Sep
-
3c.. 3'Ac
145.
;
Feb
13%
.
A -lc ' Jan
8,000
147
82c
Sep
4%c Aug
22'A
22%
3.70
2.28
Jun.
1.00
19%
Feb
23%
18
45
Jan
67c
560
.
3.80
3.65.
2.30
,..
Mines—. —-!
A:
23%
22%
60'Ac
8,250
12,100
83c ''S:
■
22%
Apr
22%
Jan
4.00
2.30
4,060
2.35
1.37
1.40
9,010
3.30
3.40
23,240
7'A
7%
8
8
8'A
1,641
4%
15%
15%
180
10'A
common
5%
Jan
3%
1,250
McCoIl Frontenac Oil
8%
8%
9
1,780
5%
20
20%
530
14%
9
9'A
360
6
130
129
130
30
——2b
10 %
10%
11
3,358
12% July
McWatters
12
12
25
12
Sep
12
Sep
Mining
18%
18%
40
16%
Apr
19%
Feb
Model
1.42
1.47
900
95c
Jan
1.47
Sep
Modern Containers
1.20
1.22
3,475
£4c
Jan
1.35 July
1.58
1.64
12,100
1.00
Jan
1.75
11c
1,1c
8,100
6 Vic
July
A
1.61
.1
7,%
Feb
85
23C
600
13,376
4%
Red
Lake
651
47
Feb
83c
Jan
of
1
Mine?—^
Gold
Corp
Porcupine A——..
National
Grocers
Sep
July
Jan
7'. 2
9'A
Jan
10
Jan
Sep
Jun
Jun
17
22
July
July
9% July
Jan
20c
9,500
2.07
2.19
12,700
25c
25c
2,200
46%
16%
30
,
.—■
1.40
Sep
Sep
5c
July
Jan
11c
24c
Jan
1.22
Aug
2.25
22c
Feb
28c
15
Feb
17
Sep
35c
35c
36c
26%
4,860
28C
Jan
40c
25%
858
24'A
Jan
27
48
49
284
44%
Jan
4914
9
11.20
Sep
July
25%
9
45
27 'A
a
common
58
.
l'Ac May
48%
*
Preferred
Aug
May
■
•
Ltd
Co
12,600
18'Ac.
25c
-III'
....
Power
9,310
37Ac
2.19
«
■.
1.40
3%c
■■
18'Ac
*
common.—.—
Aug
5
*
.
58
1.31
——
1
Montreal Light Heat &
Moore Corp common;
56%
■■
—
Canada——^—
Oils
Moneta
58
1.31
Mines-——
Mines—
Gold
Sep
47c
10Vic Jan
1.58
McKenzie
McLellan
Sep
14c
2'A Mar
23c
4%
Aug
130
—5
Mclntyre Porcupine Mines.
Jun
68c
Jan
112
1.49
*
—1
26
Jan
Mar
•
.,.
Sep.
July
Jun
preferred————100
10
36c
common
Sep
/>3.75 Sep
Apr
4'A
175
>
Jan
1.65
Jan
1.45
Jan
.7 %
•
70c
.
2.40
Jan
15%
•
Preferred
.4.27 Sep
1.51 Mar
7,475
1.37
3.40
,
♦
125
Gold Mines———1
Sep
9?2C
-/
■
1,47
Sep
'
23%
*
Preferred
July
—_1
Mar
91c
Y
Jun
9%
4,100
»
Sep
40c
Jan
1488
Sep
10'#
v
Jan
3.65
775 •;
,
5%C
13%
Feb
1C
'
9,350
,
Jun
Apr
July
13c
.3,700 V
2,100
.,.
89c
.1.05
415.
Fields—
1,500
Research
500
v,
.
20%
Gold
63c
Central Porcupine Mines__———
•Chateau Gai Wines Ltd—
24
85 c
„
•
-
Maple Leaf Gardens preferred—- —.10
Maple Leaf Milling common-
Sep
17%
Lake
Red
Malartic
July
11% July
31
July
27% Aug
143
Castle-Trethewey Mines —————1
Chemical
Madsen
14
5%
Class
Jan
Jan
13%;
-mi,\
Ltd_.
21%
Gold Quartz Mng,
Central Pat
24
Jan.
17%
Wirebound Boxes Ltd—
Canadian
Jan
10'A
17%
,
Rv__
17
"
MacLeod-CocKsnutt Gold Mines,,,,
9% July
Jan
19
145
26'/a
Macassa Mines,
21
Wallpaper
416
39%
2,980
-
Jan
^Oc
82c
^~m
59C
Pacific
100
Jan
33
500
5c
:—A_. —1
Class B
5%
Oil
—t
Gold Mines, Ltd—,
Leitch
21
Canadian
Cariboo
6%
10
9
28
30
27%,
1.35
300
38
Co—
Gold
112 '/a
5,686
5.75
Little Long Lac Gold Mines Ltd—
Loblaw Groceterias class A—
59c
Locomotive
Malartic
Jan
July
July
Aug
.
Jun
Mines——*
Canadian
Canadian
11
Lebel Oro Mines Ltd
Sep
25%
—*
Canadian Industrial Alcohol A.——*
Canadian
—
May
9
Canadian Dredge & Dock—
Canadian
Sep
66
24
—100
—
—
400
30c
J
A 1.05'
1Z. *> vA.,46y.
—
Lake Shore Mines, Ltd
Lamaque Gold Mines—wA-
Laura Secord Candy—-——— —3
14%
Celanese common—
Canadian
Jan
90
55
July
9.65
,
Sep
17
9.40
85 c
Sep
66c
Jan
A 30c
,
■■'
Lapa Cadillac Gold Mines--— I—ii
38
13'A
__25
9.55
*
Mar
2,454-
l
Feb
9% Aug
29
90
■;"'V
2'Ac
,
A44»A; 14%
IIIIl""''
Jun
Jan
9
■
2 'Ac
,.;_Y■
.
—-■-■*■;
93
Jan
13%
28 %
—
150
Jan
23
——
preferred
Jan
8%
4%
13'A
4
Canada—
4Vic.
Sep
Sep
59
40%
-—
New
79%
43%
31'A
1st
————
Feb
20
4%
of
4 Vic
3C
• 23c
4'Ac
,
12'A
10%
25
■
.
-23%
Vic .6Vic
23c
26c
.225
97
3c
:
-1
Lake Dufault Mines Ltd..
July
92
common——*
6
3c
Kirkland Hudson Bay Mines
-Y —1'/
Kirkland Lake Gold; Mining Co1 •'
Sep
106
124
Vic,
6
:
.1
Apr
Sep
28%
V'; 21,750
35
23 %
•
8
50
17% July
Mar
Sep
9
Jan
25
20
.-*
preferred—
20
preferred
——*
Canadian Car & F'dry Co Ltd com—-*
Preferred
25
5%
58
May.
165
Canadian Canners Ltd common
Coriv
Feb
769
100
.—————•---*
Preferred
8'Ac May
7
Aug'
12%
34%
——V
preferred
35o
35%
12%
35
"
.1
Kerr-Addison Gold Mines
Jun
Jan
Sep
36%
-9
■
Kelvinator
Sep
4'A Jan
,7
;,
.I'r-
CO—
J M Cons Gold Mines—
1.95
66% 166 '/a
12%
■
Canada Wire & Cable Co A.——
148
148
148
;,
Mining
Mines,iLi————
11% Mar
92
30
90
Jason1.1
Jan
40
90
Waite
;Jacola' Mines, —l.—w-iJ-.
Feb
5c
125
43%
Jack
23 %
Jellico Mines
21c
890
42%
a—-*'/
Canada - packersi————-.'■——* "Can- Permanent Mortgage-————lOfi
Canada Steamship Lines commons—*
-Preferred —a——-a-.50- ■
Canada Malting Co
Sep
Aug
17
11% July
40
9
-m
High
Jan
10
115
■-
'■
29
34%
11%
775',
114% 115%
35
Petroleum——.
Feb
58
8%
105%
International
Feb
9%c
Jan
Mar
3
105 105%
8%
a—*
-.a-—;—10Q.
Preferred
;
96%
97
;
common-
9%
11,550
2,000
7
"B" /—a—4——-50.Y
Class
Canada Cement common—
'■
6%
.;
Sep
Nickei
1,15
-;40:^;;
22,850
•
100
;
International
29
66c
53c,
i5%: 15%
;.'97%: i 97%
International Milling preferred—— 10Q
9'/a
100
;
155
6%
58
——*
Co Ltd-.-—
Canada Bread
10%
7
66c
15%
TOO
."Preferred
A preferred——
4.00 July
1.60. Jan
3'Ac
13
115 :"'
16%
16%
,
Sep
13c
4%c Jan
7,000
16%
Mar,
,
Inspiration Mining & Develop—J— III':
International Metal common A-l— -!_* ''
5'/a May
66
73 %c
.
3,287.V
"
500
,.7 Vic
•
*
Products Ltd—,
Building
46c
17,222
9c
—*
22%
'
66
61
■
460
16 %
■Preferred'
Jun
July
July
,26
316
;
.
■
Imperial OIL—
~"5
Imperial Tobacco oijdinary
0
Imperial Varnish & Color common—
28'A Jun
24
66
i'——*:■
Broulan Porcupine Mines, Ltd—
-1
Brown Oil Corp—
-a—-—*/
Buffalo Ankerite Gold Mines———*
„
Jan
Jan
28%
Oil——
Sep
7.40
14%
——————
Dominion
British
Aug
1,025
11,115
22
*
British Columbia Power class A
•
24c
9 Vic
11 Va
25
Ltd--——
British Columbia Packers
Jan
500
28 Vi
British American Oil-—.—-———*
,
Mar
5,700
26'A
27%
12c
Vic
11
Ltd——1——..—A*'
com—*,
Mines,
Brazilian Traction Light & Pwr
Jan
10c
9 Vic
9 Vic
Bobjo ..Mines Ltd--—lBonetal Gold1 Mines----.------.——-.1
,
8c
Range Since January 1
High
16%
Shares
,
'
■
l.-
National Petroleum Corp ———— -25c
«
National Sewer Pipe A—Y
.
25%
Jan
6c
Apr
lie
Jan
22
Jan
62% Aug
Sep
15
Sep
Jan
167
Sep
27%
15
10%q 10'Ac
1,000
21
50
12
155
38
25
15
125
;
--
Jun
Sep
97i» July
28'A Sep
Jan
6
May
.
July
■
1.51
Chesterville Larder Lake Gold Mines--!
65c
2.65 Aug
Jan
L44
1.45
12%
332
23c
500
'
Plow
CocKshutt
Co
*
Commoil
Ltd
Conduits
National
:—•-*
Consolidated Bakeries of
Nest
Crow's
4 VB
25
1.51
5,110
85c
9%
Jan
1.53
Jan
13%
Jun
Jan
1.74
Jan
15%
43
44
675
133
50
123
Jan
37%
38
yK7- ■13
33
Jan
15%
43
37%
_'■.■
—
Co Ltd
59'A
15
15
167
.167
1
60C
60C
65c
5,100
1.65
1.60
1.65
600
51
50
51
1,030
40
100
——
■■
—
Nipissing Mines
*
Noranda Mines
Sep
Nordon
————
Oil
—1
■
/
■
38
'
35c
Feb
1.05
6'Ac
Norgold
Sep
Mines
Normetal
38% July
3%c
3,500
2%c
1.08
34,871
74 c
6,700
20c
1.08
Mining 'Corp Ltd——— -—-*
2~u1*
Northern Canada Mines
2,000
3%c
1.00
__
6'AC
3%C
.—:
'
"
Coal———100
V135%
„■•
67c
42c
35c
1.70
1.70
1.75
535
—-A
A A '*"■'
3,000
10c
Jan
24c
July
85c
Feb
85c
Sep
"O'Brien
3Vic
1,100
4,310
50c
3%c
Mines--------———1
Nickel
Denison
3c
July
4%c
Apr
July
Okalta
35%
34
Dome Mines.A-——-—.-----A————*:''
Dominion Bank
.—100
28%
28
25%
25%
Jan
970
18%
Jan
14
28%
Dominion Foundries & Steel com——•
25%
142 %
Jun
20%
Jan
35%
•
Distillers Corp—Seagrams common
.
160 161%
_—.
465
211
1.08
1.05
4-09
11,500
61c
67c
69c
2,400
38c
ZZl;
54c
52c
55c
5%C
5C
6C
■■
Sep
■
—
Oils :Ltd——I——.-- A' ■-•:
Pacalta
Pacific Petroleums -———-A- —-1
July
July
30
108
■
Porcupine Mines Ltd—
Pamour
42c
Apr
Apr
1.95
Sep
52':>
Aug
Jan
8 Vac
Feb
Jan
4%c Aug
1.16
Sep
42c 1 Sep
2.00 Sep
May
Apr
Cadillac
Pandora
5%
Jan
10%
11% July
Jun
Partanen
202
6%
Jan
10
5%
,105
2%
Jan
8
•
.
July
July
13
13%
380
8%
Jan
14% July
9%c
9 Vic
6,000
4c:
Feb
10c
—aa—.a——a^O'
;■ 9'/7c
Mar
Malartic
Gold
Mines-
"
1
,6c
.
-4C/
.
6c
Sep
22c
3c
—!
Oil
East,Crest
Ltd53
Penmans
Peoples Credit'■"Securities AY/t—L;
Perron
Co
13c
1.60
—1
-T_:
Machine
Easy. Washing
13%c
——•
Eastern Malartic Mines
——
16c
13,895
7%
1.09
420
8;
21 %c July
4'Ac Jan
26,000
1.64
1.60 ;
8
Gold
Mines_—
:
.
53
53
45
25
■
,
;':' 5/,/:'■'''-S-
■.
5
300
83c
86c
"6,925
86c
——1
8
3% Jan
/
Pickle-Crow
•
preferred
Foundation
Petroleum
5Vst'h
1,885
24'A :
—_1
—1
Steel
Glenora
30
5,500
19
19
6
24%
24%
611
16%
100
14% Jan
31c 34 Vic
31c
■
.
9%:
9%
22
Jan
24%
16%
39Vic
May
10
8
25
85
May
460
8
Feb
3C
3c
3c
3,000
17 %C
17 %c
18c
27,501
Mines
1
.
Ltd--.——__Y—a—*Y.
16 %C
Golden
1
10 %C
1
1%C
Gate Mining—,
Goodfish Mining Co
______
16 %c
17c
10c 10%
12 %e
1,000
89
53
9C
.
Sep
4Vic
May
Jun
29 Vic Mar
Jan
19c
Sep
Jan
15c
Aug
lc
Feb
3Vic
Apr
60
62
Jan
90
53
50
51%
Jan
58
July
9C
600
,
—
ureat
:'
—Ia.a——
Mines,'
Grandoro:
Lakes Paper com, v t c——
Preferred
'Common
'..—a—aa_
.
Preferred
Saddlery
Gunnar Gold
Y''
.,
._*
A*'
—
.
Mines Ltd———
A*—'
;
■
_*■
common-,
Mines
t
'
•
v
.
————.—
West
Great
Grull Wihksne Gold
*
;:*'
tc/————
v
5%
,
-
5'A
21
6%
350
■
20
~t.J. '
6%
20%
6%
250
3c
3 %c
2,000
17C
17c
14%
18C
5,100
7 'A:
35
19c
79,264
9c
May
23
Feb
3 VA
Jan
23
Jan
2'Ac
11 %c Jan
July
6% July
July
16% May
,
Sep
6% July
May
3
45
6%
.ii
.-!-■■
3
205
6'A
/..'•,5c
10
20%
'
.
6%
.
>»
'
21
Alabastine——.
Halcrow Swayze Mines
.——
.-*.
—1
Hamilton
Harding
Hard
——————
7%
.
17c
5
Jan
3c
Apr
3%c
3'Ac
4 Vic
'58,000
3.65
3.75
1,410
6%
: 6%
6%
175
34%
34%
26
33
3
May
Mar
Bridge Co Ltd—
Cotton preferred- -30
—*
Carpets
—
Rock
Harker
19c
■
»
Mines
Hallnor
—
—1
Halliwell Gold Mines————— —1
Hamilton
■
Hasaga Mines
.
—
III1
,a-
—
23%
—1
6%
..
July
Oct
7'Ac Mar
24c
3%c
Sep
2.50 Jan
4%
Jan
Jun
7%
19c
Aug
Jun
Oct
5% Aug
1,05
Jan
240 Sep
2,85
Sep
1,27
Sep
50c
Jan
1.24
Sep
6
Jan
58c
Jan,
4
Jan
L72
300
2,600
~v
common
8
Class A
Gold
—
'
w-—A—-501
—
3.70
San Antonio Gold Mines Ltd
1
Sand River Gold Mining
1 Av
Jan
11
July
1.15
9
Jan
2c
2.50
Sep
July,
Sep
May
22
59c
Sep
9'Ac Apr
Jan
25
3'Ac Apr
Julv
9c
132% May
21'A Jan
July
150% Aug
26 % July
20
50
15
Jan
22
Aug
200
75
152
Jan
205
Aug
4c
4c
33'A
3,000
160
,590
2
Jan
6
Feb
,
Sherritt-Gordon
Gold
16 v'> 17
3 55
3.75
,
.
End
West Pete
Petroleum
4.00
Sep
9%c
Jun
Mar
62%c
Sep
1400
1,400
May
95c
3'Ac
1.00
2c
__
85c
Sep
1.05 Mar
86c
90c
6,287
67c
Jan
1.04 July
1
9.25
8'A
9.25
8'/a
9.30
8%
890
10
125
99
6,650
18,300
*
54'Ac
1
—;
Co—————*
2'Ac
SV'aC
25c
5%c
*
—
———
60c
3c
7c
25c
52c.
Slave Lake Gold Mines-—y
South
Sep
Jun
2'A
Standard Paving common—!
Steel Co or Canada common--—
Preferred
—
.*
—25
•
2'A
-
5.75
.
,,
98c
Sep
Sud
2c
6c
40c
7,643
17c
Jun
40c
Aug
Sep
Sullivan
37c
15c
500
10c
Jan
17c
Feb
Tamblyn Ltd
16
120
14
16% July
Contact
———V—4
Mines
Mines-———L,—X
Cons
Sylvanite Gold Mines. Ltd——
—1
common————*
—
—L,
—*
—100
Teck-Hughes Gold Mines
Tip Top Tailors Ltd common—.
5
12%
11%
12%
1,725
8.50
Jan
12%
—*
3.55
3.50
3.70
7,325
2.65
Jan
4.10 July
Homestead Oil & Gas Ltd—_
—1
4 %C
4
Vic
5c
3c
Apr
6c
9
Jun
Feb
20
Jun
86%
1
30C
30c
30c
17Vic
Jan
31c
Sep
32%
,31%
32'A
2,760
26%
Jan
13 %
12%
13%
315
Jan
1.32
2.15
103%
Sep
Mar
60c
July
29c
Jan
60'Ac
Sep
".I'Ac Mar
3%c
Jan
3%c Aug
8c
Jun
20c
Jun
35c
Jan
3
59%
Jan
73
10.
66
Jan
76'A
.
—
3.35
.
9
■
2.10
13%
3.30
9
110
164,715
200
, , 2,300
1.41
2.20
:
1.-05
,
84,300
14
3.40
9
Jan
39c
45
•
5,445
210
5443
25
110
5
79c
79c
600
90
90
Sep
Mar
'
July
July
■
Apr
Apr
2.57 July.
2.40 Sep:
1.51
Jan
1.46
Jan
2'Ac
Jun
5c
Sep
65c
Jan
1.41
Sep
Jan
2.25 Aug
1.38
10'A
1.85
.
14
Jan
Sep
3.45 Sep
Jan
6
Mar
9
Sep
100
Mar
110
Sep
July
Howey Gold Mines—
Hudson Bay Mining & Smelting
1,500
1,700
5c
,
9,50
8
1.10
2.65
2.40
5c
2.32
Sudbury Basin Mines Ltd—2.40
Jail
Feb
825
'
i
Steep Rock Iron Mines—2.60
4c
10
13,000
413,500
1,000
.
2%
68, 68'A
76,76
,
76
—
■
35'A Aug
4% Sep
40c
Jan
Jan
18c
2 %e
-87c
———
Mines
3% July
187'8 July
.1
Simpsons Ltd class A —19
20
Preferred ———————100
—,
102 103'A
Siscoe Gold Mines
~i
52c
52c
54c
Malartic
1.86
Jan
Mar
—50c
-
Mines—-
Sigma Mines —————
Silverwoods
Dairies
preferred
Sladen
1%
12
12.384
4,000
51,500
6c
60c
3'Ac
Ltd—56c
Shawkey Gold Mining
—1
3'Ac
2,600
Mar
31c
300
4,100
40
,
.
1,500
23
30
6c
56c
Senator Rouyn,
25,930
Apr
10,460
/
7c
142
22%
6c
141
22%
;
—r
Anthony
93c
.
53
Jun
Apr
Sep
7%c Jun
3.75
,
—
Mines-——
—1
St. Lawrence Corp Ltd common——*
St.
4 ViC
16
Feb
52c
125
24
20
-4%
40c
.,
4'Ac
•
200
85c
4%
16
—
Hollinger Consolidated Gold Mines,
Y—
1
——100
20
75
Highwood-Scarcee Oils Ltd——
Hinde & Dauch Paper—
*
200
4'Ac
93c
1
—
;
58c
—.10
Industries
Preferred
15c
Gold Mines———.
Gold
2,535
2.28
———100
Russell
South
Lime &
Gypsum
' 2.22
58c
;
58c
•■/A«/A':4%c
'
.'
8
Lac Gold Mines__^
Sheep Creek Gold Mines
'
■'
Aug
Sep
Aug
"July
.
1.98
1
—
Mills—
Roche Long
101
14 V-8
Silk
Royal Bank of Canada
Royalite Oil ^
•3c
10c.
18,200
l%c
87%
Goodyear Tire & Rubber of Can com—*
Preferred ja„————a—--aaa-50;.
lc
6,800
c
l%e
-7'A
-
2.28 ■-f
.
—1
—
Sep
11% July
Sep
Mar
100
13%
Mines
Sep
Feb
19%
100
common——*
—
Feb
39c
1.28 May.
1.25 Jan
4,000
,'100
111
Mines——«—!
Riverside
12
13%
Co
4%c
4'A Aug
74c
2,325
L18
140
8'A
1.15
.:yv,S:'
1
—„—
Dome
Apr
7%c Aug
18c
East
Queen ston Gold Mines
Reno Gold Mines-!
Jan
2 Vic
3,600
6
.
Sep
4.80
Mar
355
6c
Goldale Mines Ltd—-.'-I-
,
Sep
21
30
5 Vic
.
2.45
1,09
140
-8'A
1,11
.■'~--"Vi:1-:
—
Preston
28%
24%
—*
Premier Gold Mining Co
———-4
Corp
Pressed;, Metals
100
Gold
God's Lake
1.64 Aug
.Power
1.95
2.32
\
Jun
5 Vic
—
Aug
-
trust
22% May
75
25
1.96
2.40,
144
—1
;
Gold
Rouyn
26
Wares————*
Power
preferred
General
.
Apr
3.10 Jan
29%
aY.v
Co
:
31
Jan
80c
12,957
Gold Mines__—————♦
Francoeur
.
1.41
4.15
20
16%
Canada class A—
Gatlneau
1.33
3.95
—100
—
Ford Co of
•
1.35
Palconbridge Nickel Mines—
*
Famous Players Canadian——,.
*
Fanny Farmer Candy Shops—
1
Federal Kirkland Mining——1
Fleury-Bissell
"14-..'
4.15
Mines—..——Y—.—-L"
Gold
Eldorado
Y
30
30
Investment Trust———25
Mines.
Pioneer Gold Mines of B C—
Powell
Voting
Economic
Gold
Sep
Sep
1.82
Feb
May
Sep
l'aC Sep
'
'
.
Jun
2c
Sep
Aug
1.28
17'Ac May
■
Sep
Feb
49C
Jan
5,000
;
163
Jan
57c
22,450
4C
Jan
88 VA
Sep
May
•Vy' 9C
500
4c
28 VAC 30'Ac
28 %C
72c
3'Ac
170
A -Y;
Paymaster Cons Mines Ltd—i-w— ————I
8% Mar,
1.13
1
A-; 8'A
5,300
III Al
Gold
445
9%
2,955
101
1.26
: :
Jany
64c
2,000
100
i;20
Apr
Mar
Jan
52,000
47C
45C
1.00
13,200;
'■
101
9%
v:
.
1.25
:_*
5%
1
47C
,
Page-Hersey Tubes A_u---^-A—^
9%
'
Duquesne Mining Corp
•; /::.
--■A _■*■■■
9
9
V
Dominion Woollens & Worsteds com—*
Preferred
167
;
Oils Ltd
—
—
Omega Gold Mines--.—-——-—
29% Aug
„
Mines
9
.-_aaa_a—
Dominion Tar & Chemical common—*
■
104
36
Gold
9%
9
—
Stores
26%
.105% 105%
Preferred"-——4a—a—.100
Dominion Steel class B
2a
Dominion
North Star Oil common——.
18C 19'Ac
85C
18c
Sep
Jan
1
■, Davies -PetroleumY .-a.-4-a—-a-*":'
A Delnite Mines
„——1 -.
Sep
Sep
46% July
Jan
common
National Trust
Sep
4'A July
Jan
21
;
59
Negus Mines
23c
Mar
130
.
..
New
Sep
130
15%
Canada—*
——5
(Toronto)————100
Pass
3
4>/«
1.40
Consolidated .Smelting—
Consumers Gas
9%
16c
1.40
_—1
.
Mines——.
coniaurum
75c
7,300
23c
Mines——1
Gold
1.39
12%
Willans
—
»
National Steel Car-———
Cochenour
■
■
Home
Oil—;
Hifnts Ltd
Huron
For
&
_
"B"
Erie
footnotes
zO
—
20
'A paid
see
page
—
1379,
.100
11%: 11'A
17
7
8%
Apr
Sep
Preferred
—-
————
Toburn
Gold
Toronto
Mortgage
32% Mar
Traders
Finance
13% July
Transcontinental Resources
12
July
Union Gas Co
Mines
50
preferred———!
——
A
1
—
of Canada;
__
79c
—
——_—•
—
*
—
66'Ac
7%
88
60c
75/«
,
88
69c
7%
:
10
42.
103,300.
512-
61c
Jan
94c
Sep
68
Jari
90
Sep
66%
Apr
35c
Apr
6
Jan,
.
90
74c
Jun
9
July
Sep
Volume
THE COMMERCIAL & FINANCIAL
Number 4217
158
Week's
Last
Sale Price
Par
United'Corp class A—'—*—.
Class
B
Class
United
Low
A
B
'■
Ltd
.i
;
1.73
Preferred
&
Preferred
Co
Steel
Westons
Ltd
100
63
21
22c
5
James Ltd
6%
i;57%
pfd—100
16
•
Bonds—
Jun
14
12
Feb
17
July
Jan
105
/ 2,500
6%
352
3% May
121
20
69
'Feb
,/;
9c
1,000
•/.""7
/.;''■/
7
!
90
Apr
10 Ac
5
May
8
July
Feb
45
Oil
Sep
8c
Mar
Oil
Co
V/V.
.
26
$400
36
■
&
——*
8
Low
9'A
5%
l%c
Sep
Apr
8 A
Aug
Jan
*9%
6 A
151
2»A
6A
150
1.46
High
1 Ac Mar
300
Jan
85c
1.20
Sep
3 Va May
Jan
1.80
Jun
pfd
July
5 Vtt
Gas_».
Co
1
Ltd
*
6A
Sep
11A
27
90
25%
Jan
31
78
5
1.52
900
78c
Jan
20
20
Jan
10
1.50
—
'•
3
190
20
50
20
Oct
20
Oct
11
•
„
4,905
11 A
78
*
5 A
11 A
27
Co
11
10
8
Apr
11
Sep
4c
,
Mines
&
100
Metals
4
•
%C
'
:
5
17c,
1.52
1,290
.27
27
10
10c
2%c
/
2,500
1.49
__
,
45
16c
9c
1
Petroleum
77% July
1,000
45
■
Vv/*.„/'/.
1
*
Corp Ord—*
Temiskamlng Mining Co.---*.
1
Feb
8
9
common——.—.a
Shoe
Oreille
Supertest
36
Corp
Ontario Silknit preferred
Osisko Lake Mines J
Pend
500
2'A
Selections
;
l%c
1.40
.
_*
common.—
Humberstone
% July
/ 4.20
150 Jan
Paper
Construction
Textile
Foothills
Fraser
1
Bridge
July
5% Mar
6,887
Dominion
62 % July
Jan
20
8
___
_.j'.___5
Steel
Dominion
Sep
5c
l%c May
59
Marconi
Consolidated
Range Since January 1
High
1 %c
i%c
Vinegars Ltd—.,—9%
Copper
Disher
Shares
Low
'
l"
Mines..—
Mills
Sep
3%c
90
i—,36 /'/'
6%■'
91
Sep
94.
10
9c
//«,' ;7
Jan
13%
295
3.40
!
Girl
Knitting Mills common
'
3.30
.
Jun
40
525
,
90
■
Mines——3.40
Sep
8
20
6%
55%
v
.
24c
100
16
♦
common
21% Aug
Jan
2,750
5
104 '/2 104%
■
Jan
Jan
295
22c
14
Coast
Oct
3
Silk
Canadian
Aug
19c
Bruck
of Prices
8
Trethewey
Canada
Sep
5.80
19
21 %
79
36c
Par
Brett
1
Sep
63
47
78
*_
Jan
Jan
5,599
13%
14
100
Yankee
,7.25
'/> %*/V 3%c
Wrlgnt-Hargreaves
uchi
Jan
./V; 55
7.25
Jan
3.40
.,
Coghlan1
Alexander &
York
9 Vac
3,680
__
.
——————*-100
Preferred
Ymir
232,000
_*
common.———*——*
Winnipeg Electric
Wood
5,172
35C
:
__
Products—---.^u_.i—*
Preferred
Sep
21
com.-*1
—
Western
Apr
Sales
for Week
Range
Sale Price
Jun
6
1.85
5.40
62%
——*
Mills
10c
Jan
25c
30c
Mines ————1
Flour
4,420
Last
STOCKS—
July
Jan
4'/a
Funds
Week's
Friday
Feb
5'A
Jan
5V2c
95c
5.20
7.10
5.25
—■——
Gold
Canada
37
Jan
4.40
com—*
Worts
1.75
1.70
7.15
*
Ltd
Jan
470
1
Mines,
July
1,000
1
Oils
Walker-Gooderham
Wiltsey
8c
4%
.
Waite-Amulet
Western
8c
4%
—
Canadian
Sept. 25 to Oct. 1 both inclusive, compiled from official sales lists
July
16
'10
4%
Ventures, Ltd.
Wendigo
5
26
Jan
3%
32,72
5
Aug
32»/2
33
—
Exchange-Curb Section
High
7%
—
.
•
Upper Canada Mines Ltd*
20
85
23
12,'A
—*
——
United Steel
Vermilata
Low
23
_._25
Toronto Stock
Range Since January 1
High
12%
—___50
_
_*__
Oils
Shares
12'/4
——
—
Fuel class
United
for Week
of Prices
-
1379
Sales
Range"
Friday
,
STOCKS—
CHRONICLE
3,500
Sep
July
79% Mar
1.75
Jan
Jun
May'
7c
7 %
Apr
45
Sep
7%c
Apr
25c
Sep
Jan
1.05
1.90
Jun
18
Jan
27
Sep
5%c
Jan
12c
Sep
OVER-THE-COUNTER MARKETS
Quotations
for
Friday
Oct.
1
investing Companies
Par
Aeronautical Securities
Affiliated Fund Inc___
Bid
.
1
1%
Holding Corp..
10
American Business Shares—1
Assoc
6%
Axe-Houghton FUnd Inc.——-1
,
B-2„—*——L_—__ %■ 25.30
27.79
Aetna
B-3
19.05
Series
Scries
B-4——*_t—
Series
K-l
Series
17.35
Basic
4%
Series
S-2—
5Va
Series
S-3__
Series
S-4
3.74
104.03
99.87
-
5
Broad Street Invest Co Inc
5
Bullock Fund Ltd
—.1
16.55
17.80
27.49
14.39
15.77
Ltd——i
3.05
3.75
Century Shares Trust——*—.*
Chemical Fund-*———
1
23.27
30.40
Inc—
Fund
Inv
Canadian
1
Corporate Trust Shares—-. —
AA—i.—'—-1
Accumulative series-—
-1
Series AA mod
:
1
Series ACC mod—.
—1
ACrum & Forster common—10
A 8 7e
preferred—
-100
Crum & Forster Insurance—
A Common B shares
10
,
Fund-—-
Diversified Trustee Shares—
C.——
—1
& Howard—
Fund
Inc—10
1.95
Fund——5
Fixed Trust Shares A——10
3,70
1.25
:
1.38
7.02
7.59
.i!
General Reinsurance
Gibraltar
%A
22.93
^**
5.82
6.41
2nd
9.29
10.21
Great
equipment—*-;
——
6.46
Hanover
Home
Fire.*—
•
10c '
New York
7.11
5.27
Fund
7.02
Bank of
Bank of New York
.100
Bankers Trust—
share?—*—6.32
Aviation
6.95
shares—
-10
the Manhattan
1
13.30
14.30
6.16
6.78
Inc—•
89,79
5.35
6.05
shares—
6.95
13.95
14.83
——
6.84
7.52
State
79.12
St
Investment
Corp
—*
6.59
Super Corp of Amer AA—__l
6.49
6.09
6.IT
6.72
4.98
5.48
shares*—:—6.29
6.92
shares—
shares——*—*—
3.81
.
4.18
•
shares-*'—-V3.98
ASeries
C
ASeries
-
D
Trustee
4.30
_1
AHuron Holding Corp
Inc
Fund
———
—
'
10c
Incorporated Investors
Independence Trust Shares
Securities Ltd—
5
•
shares.
Bank Group shares—^
Aviation Group
14c
;
.
1.42
Trust
4.39
Class
-
Feb
Continental
15,1945
1,
1943
1955-1945
National
—20
City Bank
46Va
48%
51%
53 %
195
205
12%
;
33 %
34%
90%
16%
18 Va
New
—25
86%
47%
Public Nat'l Bank & Trust__17%
33%
75 Va
79 %
Title Guarantee &
100 1,495
York Trust—.
Trust
12
36%
5
United States Trust———.100 1,200
1.535
Bid
2.48
5%
1,245
Shares-*—25c
72c
___!
195B-1946
—
Ask
109
Bid
100%/
(Jacob)
A
5 92
South
Carolina
1973
103%
103%
3%s
(New Hampshire)
1973
107'A
107%
United
16.63
Figures after decimal
Maturity—
6.48
18.18
Fund
U S El Lt
& Pwr Shares
B
,
A
15%
•
-
Investment
-
1
■
1.75
16.02
17.61
Banking
ABlalr
&
12.29
A
Boston
First
15,
Mar 15,
Int. Rate
.
1944—
,
Jun 15, 1944
Sep 15. 1944—
fSept. 15, 1944.
105 '/a
106%
104%
105%
Gas—
1972
106 %
107
1958
———
100-
100 %
Co
1
Corp—
—10
2%
2
22 %
-Apr
U
S
.
15, 1945-
100.25
100.10
fSep
15,
1947
1%%
100.15
100.17
bO.43
0.36%
%
100.10
100.19
100.21
t%S Nov 1, 1943.
99.30
100
f%s Dec 1, 1943——
b0.51
100.16
100.18
t%s Feb 1,
1944—
—
b0.64
0.62 %
1 % %
100.13
100.15
f%s Apr
1944-
—
b0.76
Q.lir,'o
%%
99.23
99.25
b0.75
0.73%;
1946-
.
%
99.31
b0.78
0.76%
1
Rates
Ask
100.1
Certificates
t%s
Conversion 3s
100.2
100.4
l%s Aug. 1,
Canal
3s____
1944——
at
0.48'!
Bid
Nov.
b0.37
0.33 VV
1943_
b0.37
0.33 V
1943—„
b0.37
0.33 V
9, 1943 —
16.
1943_.
100.7
b0.37
0.34V
b0.37
0.35 V
0.28%
Nov.
1943—*
b0.37
0.30 V
Dec.
1943
b0.37
0.32'A
Dec
100.10
b0.37
0.32%
Dec.
b0.37
0.32%
Deq.
23,
b0.37
0.32%
Dec.
30,
Oct.
Nov.
1946
105 V2
107%
107%
b0.37
—
1943
4, 1943—
12, 1943
*
26,
2,
1943..
bO.37
0.35'V
1943_.
bO.375
0.35 V
105%
—1947
28,
1943
Ask
18, 1943 —
14,
7,
purchase
Ask
21,
Oct.
♦No
Panama
3s
1
May 1,1944—
quoted are for discount
Bid
«•
104%
U S Conversion
of Indebtedness—
100.8
%
%%
1
23%
Nov.
U S
Ask
100.23
100.8
.
Other Is suet
j
Bid
1%%
1
Oct.
1, 1944
point
Int. Rate
%%
1945-
Housing Authorltynotes —Feb
a
1946
United States Treasury Bills
Corp—
15, 1944
of
15,
Treasury bills—
—
more 32ds
or
Maturity—
tDec
1945—
Agencies
Finance
Ask
100.6
.
15,
fMar 15,
point represent one
Bid
100.4
3A%
,
tDec.
Bid
102 J,1!
105%
&
Drug 3%s_—
Oct.
104%
Elec
1 Va %
1943
tMar
Ask
tl%
Dec
Mar 15,
Corporations
24.70
102!
—1950
107%
Quotations For U. S. Treasury Notes
8.15
1.25
102!;!
%
104 A
105y,r
5s
107
101
E
series
21.07
7.46
-
B._—_J—
90c'
0.60%
1972
—
Ruppert
Pipe Line—
—1953
Ask
Puget Sound Pow & Lt—
(Indiana)—
25.60
C
12.02
b0.75
Eastern
debs
Service
81c
series
12.01
100.6
108%
3%s series A
19.27
Fund
23.73
100.4-
1973
6.40
Wellington Fund—
1.13
'
4%s
3%s
Union Preferred Stock Fund——'
21.37
2.20
104
1.
com—20
& Co Inc—.100
36
44%
Bank
Public Service
23.42
Bond
1%%
1964-1944
May
Co
preferred
(J P)
14%
33
Recenl Bond Issues
2.19
Shares--
Series
1.55
10? 11
1956-1946
219
209
Trust
25
50
Idaho Power 3%s_—
5.82
——1
Reconstruction
1946-1944
1,
Conv
13%
100 1,410
Trust*—10
&
—
National
2%s
B
Union
Stock
Federal Land Bank Bonds—
1955-1945
10
—*
Bank & Trust_20
Bank
Empire Trust
Banks—
Jan.
Irving Trust
.
B_———x42c
•Trusteed Industry
4,74
Commodity Credit Corp—
3s
155
309
Morgan
—100
—
"
19.87
Bid
3s
48%
145
301
Manufactures
13.55
Ask
Bid
—100
37
Panhandle
I
Oil
Of Governmental
3s
77 Va
'
,
81c
shares—
Investment Co of America—10
Investors Fund C—
—1
3 %s
49%
Trusteed Amer Bank Shs—
26C
10.55
Insurance Group
4s
46 %
Trust-
47%
Public
_1
Stand
ASeries B—
4.20
4.61
Institutional
4s
40 Vb
52%
82 Va
35%
33%
Par
Fulton
45%
2.40
Series
shares——
__Oct.
500 /'
38 Va
Guaranty Trust ———*100
35
2129
1
——
ASeries A
3.32
3.01
RR Equipment shares-*—*—
Steel shares——.
Home Loan
2.50
Kings County Trust—
Lawyers Trust—
Trustee Stand Invest Shs—
5.53
%s——
—10
Ask
20%
380
85.02
—
Federal
Guarantee—.
S
68%
65'A
485
33%
Bid
19%
368
6.71
7.64
Sovereign investors
A—1
Spencer Trask Fund_j„—*
5.99
—
U
Westchester Fire——
47 %
96
10.29
.4.86
Merchandise shares
tlVB%
U S
30%
102
98%
100
4.18
Mining shares—————a.
Common
—10
,-—*--100
Fidelity & Guaranty Co—2
Fire——————4
133
91.61
9.43
1
Fund,
5.90
Foundation
37%
Scudder, Stevens & Clark;
Selected Amer Shares——2%
—_
Income
U S
55'A
39%
52%
3.81
Selected income Shares-J
Low Price Shares—
Tobacco
3.47
9.77
Industrial Machinery
Utility
314
304
—10
_*_„10
Standard Accident
Travelers
94%
First
8.89
Investing
Railroad
16%
67%
Commercial National Bank &
6.50
bond shares
Petroleum
-10
Chemical Bank & Trust——10
7.40
;
Electrical Equipment——
Food shares——*—**——.*/
Administered
Co..
2.64'
5.91
Chemical shares—-—
General
62'/a
Springfield Fire & Marine—25;; 127%
Chase National Bank*
-2.71
8.73
Building shares—„—
Fully
& Marine—
5%,
25%
22%
Surety—
Security New Haven!
91
54
Republic Invest Fund—*t—1 '
Seaboard
Central Hanover Bank & Trust 20
49
*
Paul Fire
10
City Banks & Trust Cos.
Par
6.55
lOo
i
St
Fire
8.45
11.30
2.28
•
1
(Paul!
lHVz
5llA
92%
T6%
39%
7%
27%
24%
11.49
,
Brooklyn Trust
1
Republic
Revere
(NY)„—2
(Texas)——10
31%
,
31%
_5
15%
Corp
10%
14%:
29%
88 V*
36%
20V4
,
63%
5
10
Accident'—.
5%
97 Va
93
45%
9%
com,
^—12.50
15%
25%
4%
Providence-Washington ——**10
51
5
5
5
31%
18%
42%
—
_**_*.
14%
-
Fire*.
Reinsurance
! 91V2
48
8.66
2.09
-1 A-
:
44l/a
38%
•
73%
13%
97 Va
7.11
,6.02
Automobile
Preferred
148
_*5
American
jl4%
23%
Phoenix
Marine—10
5.95
Quarterly Inc Shares
5.47
shares—
Agricultural
Corp—6
5
River——_—_2.50
142
28 Va
shares'
Trust
(Geo)
48%
6.38
1956
Putnam
Vv%/.////rA; ""'A?
Indemnity Co——iu
preferred
Corn Exchange
Group Securities—
Pacific
York
59%
'/ 43 % v,47 ■■ :■
10
4.78
—„——!
Plymouth Fund Inc
5.53
109 %
10
10.28
Series 1958—
33.92
—25
Hartford
10.45
—
1953————
Series
Fire.—
Hartford Steamboiler Inspect.*l€
7.68
Series 1955—*—*—
,.
5.47
Pacific
7.87
*
stock————
Amer
Northern———
35
7.52
6.46
Series
43%
9.34
9.53
47%
32%
55%
8.49
8.67
—
—i._—
—
32
'40%
6.83
stock——___—___
North Ainer Bond Trust ctfs*
——-
10.67
9.71
&
Fire—!—
3°,;'8
34%
50%
28 %
Northeastern
*20
Globe & Republic.—
Globe & Rutgers Fire Ins.
————
—*——*
Fire
Glens Falls
Casualty-**—2
North
29%
7.21
Amsterdam
187
New
6
6.48
Stocks Inc—
New
64
8%
197
7%
20%
Fire—
13.11
.—*20
61
10
Pniia—
b.5l
5.89
'
Fire.;
25%-
23 V*
22%
10
12.16
———1
7%
.;; 6Ve
—
Union
50%
8%
6%
47%
39%
87%
Franklin
4
New Brunswick—.—10
New Hampshire Eire——10
21%
Fireman's Fd of San Fran—10
Firemen's of Newark..—5
4.74
Y
(Detroit)—10
>8%
615
69 Va
7.25
N
V
_*
89%
84 %
590
:*__10
6.59
Fire
Casualty
6%
74
5%
70%
5
■*■»•,
Fire Assn ot
Mfrs
&
.Monarch. Fire. Ins
1
_12%
18% %
—10
Fidelity & Deposit of Md
4.27
—
North
Feaerai:
Merch
Casualty
Bonding
37%
——_5
York
■
series——*——
series—
Railroad equipment
Steel
6.09
Fire—
3.31
Railroad
4.30
2
20.92
Fundamental Trust Shares A—2
4.73
B
* .'/: 4.47
General Capital Corp——-•
31.55
General Investors Trust—
1
\ 5.14
25
"
7%
2V2
———*—100
1*;
New
2.92
England'Fund
Oils
9.59
Shares A—1
—
Employees Group
Employers Reinsurance
3.65
•
1
/Machinery
19.09
1.77
5.46
—
Camden
10
Bankers & Shippers
'■ ..-Metals
31.34
Invest Inu
Boston
common—*
Chemical
31.80
Fundamental
:
series B shares
Insurance
29.57
30.34
17.73
Mutual Trust
Baltimore American——.
8.83
voting shares—„25c
Bank
Equitable Invest Corp (Mass)_8
Equity Corp $3 conv pfd——1
Fidelity Fund Inc—!
*—*
First
39.10
8.03
Building supply
12.85
Foundation Trust
National
Securities—.
Automobile
21.48
Fund, Inc-
43%
38.32
Agriculture
1,34
11.96
Financial Industrial
40%
.
20.00
i.—
Automobile—-.
Continental Casualty-*
New
1
1
Fund—
Stock
93.50
10.57
;■
Fund-*—-*~*
Balanced
91.63
11.56
Invest
Electrical
Eaton
National Liberty—**——2
Connecticut General Life_*—_10
6.15,
1.21
National Fire-
61%.
10
—25
City of
3.85
.
16%
59
Merchant Fire Assur——5
4.69
20.75
X5.40
•
15%
Surety—*
21
10.94
Aviation
2.50
—25c
Shares—
Reserve—*—
American
19%
22.24
■/;■
-
D
Dividend
American
6.72
5
4.26
New York
-
4.51
6,13
A'." Low priced bond series-i—'
470 /
19.19
National
Massachusetts
10.17
Income
111
.*
-1
Cumulative Trust Shares—
Delaware
58%
Maryland
13%
20.68
Natlon-Wlde
34
474
12%
16%
4.06
Preferred stock series——
preferred—.:——100
A7A
11%
15%
55%
25%
11%
l
Bond
•'
Fidelity & Casualty_5
American of Newark*——2%
American Re-Insurance—10
23%
.**
1
A Low priced stock
32
American
10.29
——„——_10c
Fund
8%
—.5
—10
10c
30%
Knickerbocker
14.08
Alliance—
2d
(Colo)
79%
76
25.94
American
American Casualty
American Equitable
Trust—-!
(Md)
118 Va
—25
9.32
—*—
National Investors Corp
National Security Series—
X23%
Agricultural
20
12.82
:___
Fund—
Investors
Mutual
2,24
2.24
2.70
2.70
,
Jersey Insurance of N Y
Mass Investors
2.37
Series
36%
19,59
——
Maryland Fund Inc—
com.
41 %
9%
34%
Mass
10.62
x9.81
2,370 A A
—100 2,270
144
;
Preferred —————100
139
5.03
Commonwealth Invest———1
4.6337
■
Con sol Investment Trust
1 - 35
Securities
Christiana
86%
10
17.81
Loomls Sayles Mut Fund——*
Loomis Sayles Sec Fund-**—10
Manhattan Bond Fund Inc—
Common
16%
84'A
38 %
Insur Co of North America—10
9.52
———
Knickerbocker
29.72
Fund
Boston
14%
58
17.22
—^*_L*„—
3%
of. America
Bid
10
Fire—
55%
Life—
Ask
Par:
.
Homestead
141%
10
23.59
K-2—
..." 4%
Inv-Tr
Bond
Ask
149%/
—10
—
8.67
Series S-l
•//%../
Surety-*
15.69
—
1
___—u—_
A8A
.AAA'; Par 'Bid
Aetna—
3.65
14.34
Aetna Casual &
30.60
33.53
preferred
i
5
Industry Shares.—.—10
ACommon
■
13.34
AA:.-:A':A'AaA.
A.
'
B-l
Series,
,
7
Nat Investing—
Bankers
Series
Ask
■' ::}Mr ParA- Bld
14.88
.
13.72
:
Insurance Companies
''; A ■;
Keystone Custodian Fun^s—
...
25%
3.33
Foreign Investing_10c
Share?
2
A'AA'A1.;;: 'A ;A
3.61
23%
Stand Oil
Ask
7.45
;
3.30
AAmerex
American
-
6.85
:_19R1
130
131%
8
par
value,
a
Odd
lot
sales,
are
subject
to
all
Federal
taxes,
price,
d Deferred delivery,
r Canadian
market.
x-Ex-dividend.
y Ex-rights,
tin default.
fThese
net furnished bv soonsor or issuer.
b Yield
Cash sale—not Included In range for year.
bonds
AQuotations
1380
THE COMMERCIAL & FINANCIAL CHRONICLE
U-
Monday, October 4,. 1943
Week Ended Sept,, 25
THE COURSE OF BANK CLEARINGS
week show an increase compared with a year ago,
Bank clearings this
.
1943
Prelim¬
West
Richmond
Chicago
"
,,
Pittsburgh a,*!
:
'
days,
Other cities, five days
five
cities,
Ten
+ 6.6
+24.1
+
170,162,482
131,884,950
+- 7.3
Total
+15.7
1,297,444,535
$8,048,580,418
$7,346,250,153
1,280,004,818
+
1,604,834
105,993,484
32,380,324
25,694,170
250,224,466
+27.1
209,033,658
162,727,609
$9,656,677,154
$8,656,254,971
+11.6
-
(10 cities)—
South
;
584,297
5,031,548
Bend-.—
3d
.' 4th Cleveland
—
5th Richmond
■:
6th Atlanta ;
■■
"
"
;"
12
10
-—-A 7
^71,211
481,150,053
1,373,969
—
Peoria...
;
4,844,538
:
—
——/— 10 '
"
612,771,095
(17 cities)—
7th Chicago
8th St.
10th Kansas City_—
Total
•
;
\-'\i
+ 28.7
543,723,788
+ 16.8
+ 27.1
471,791,857
209,033,658
Ninth Federal Reserve
add
now
week ended Sept.
+ 73.2
1,440,672
+ 31.6
13,884,027
4,745,184
+ 16.1
6.0
+
+ 28.3
1.7
265,136,815
177,006,974
+ 19.9
+ 27.8
486,969,651
233,379,166
+ 36,1
149,457,249
8.2
+19.9
486,969,651
398,141,485
+ 27.0
120,900,000
52,728,074
89,800,000
34,544,655
22,608,713
8.9
—
:+.' 8.5
+
2.3
+
56,760,123
+ 28.4
50,403,681
:+ 29.4
819,000
+ 31.9
264,882,804
+27.8
233,379,166
246,766,808
+ 28.3
116,705,619
481,262,719
+ 46.0
101,046,290
4,136,033
51,720,943
1,564,287
1,485,280
5,070,681
5,454,069
243,304,812
2,835,309
36,483,607
77,419,201
28,659,854
2,794,458
2,775,714
—
1,445.187
1,393,238
3,289.934
100,274,546
+ 98.1
3,107,623
176,371,695
8.7
+43.0
+ 30.3
4,528,130
123,371,695
39,693,044
3,047,935
^
'
(7 cities).
178,815,028
351,507,678
+
8.2
1,225,622
6.2
1,047,012
916,909
7.0
4,342,070
3,666,843
+36.1
149,457,249
117,181,606
—
—
/
—U
Wichita
186,399
8.5.
+
85,148
3,580,820
+ 21.3
2,984.414
2,672,223
52,218.821
+ 51.5
42.824,727
31,097,583
214,498,928
178,983,043
6,035,944
3,805,144
■
—————.
Colorado-^-Colorado Springs^
+ 59.0-
2,180,642
4,893,559;
,2.110,743
3,956.118
132,249,513
+ 42.9
+19.8
'
;
+ 58.6
3.8
1,016,409
979,031
939,346
3,646*192
+
839,555
—10.6
Pueblo..
s:;
416,654,623
+ 36.9
407,300,505
326,273,555
,
1,097,109
cities).
(9
316,520,524
Dec. %
■.A
$
2,658,030
94,579,551
10,855,969
2,735,000
143,727,392
13,672,033
3,764.000
'
Fort Worth———.—.—.
Galveston
1941
246,766,808 ,+28.3
2,600,687
,.wi——
Dallas—..———
—
Total
599,007
4,930,223
—19.4
975,256
2,598,848
+ 12:8
288,296,120
984,385
857,573
+14.8
853,666
652,561
596,818
+
9.3
372,712
.New Bedford———————
1,098,263
829,084
+ 32.5
737,254
639,032
:, "Springfield——-I--—•''Worcester—
Cbc'necticut—Hartford—.
3,409,896
+ 26.0
2,469,429
+18.9
3,544,722
2,313,354
2,881,190
2,936,629
,17,514,328
14,692,186
+19-2
11,267,718
9,453,469
5,375,321
5,755,108
6.4
3,803,908
21,724.800
18,096,700
10,062,600
630,018
460,460
36.8
4,958,977
12,666,700
632,850
446,280,077
391,979,753
+13;9
329,218,177
252,031,984
V
Rhode Island—Providence
New
:
Hampshire—Manchester—
Total (12 cities)
;:
4,297,116
.
—,
+ 83.2
—
+ 20.0
+
569,078
2.1
Washington—Seattle—....
Yakima——
Oregon—Portland—
;
Buffalo—
•Elmira
7,640,670
+ 95.4
+ 37.6
1,090,139
+
116,705,619
1,869,000
1,386,892
+ 35.7
7.6.
+ 46.0
4,034,493
+19.3
1,177,833
70,044,000
47,300,000
—
—
869,837
935,781
1,000,224
York—.—5,160,406,770
1,060,379
4,445,763,714
Rochester—10,760,927
8,629,183
—
New
Syracuse—
~
A '
45,900,000
New
Jersey—Montclair—
Newark-———————.
Northern New Jersey-——
:
.Third Federal Reserve District--
Chester^—
7.0
746,514
—
5.7 A''
830,719
3,430,603,134
8,885,629
4,950,526
+34.2
6,199,819
20,801,378
149,417,000
4,059,527
+ 40.9
2,897,260
1,006,335
+ 70.0
898,439
1,410,567
4,179,245
+
3,227,975
2,330,676
5,963,948
1,711,052
4,379,981
(10 cities)—.—
Total
(110
20,387,403
+25.2
572,281,288
cities)
;
—
481,262,719
10,215,073,388
8,501,672,771
4,055,903,057
5,054,666,618
28,458,204
+37.2
30,317,035
:
+16.7
3,565,609,579
1,557,912
3,351,809,850
556,000,000
452,744
1,633,664
i,154,705
+109.6
495,227
9.8
1,608,677
530,000,000
406,528
1,331,155
+ 28.8
1,229,976
1,260,775
+
2,590,505
2,170,984
+19.3
2,229,918
1.320,996
1,015,089
+ 30.1
1,079,722.
York
1,577,184
3,766,700
1,682,355
—
1.9.
1,385,417
—
—
731,100,392
2,340,600
7 568,199,403
356,960
396,000,000
1,475,488
1,981,222
904,181
6.2
1,482,916
1,204,153
+ 60.9
3,355,500
3,618,800
—
+28.7
543,723,788
408,433,192
di
-
—j
3,108,315
Columbus—
12,520,094
+ 23.3
2,939,374
2,405,356
135,410,488
CinclnnatL—
Cleveland
58,972,782
+ 36.8
85,652,889
60,165,258
——241,547,169
203,604,243
16,614,600
12,382,700
2.353. RfiO
2.422,399
3,525,818
2,559,716
...
Mansfield—
Youngstown
:
—
Pennsylvania—Pittsburgh
Total (7 cities).
—_'
—
291,485,010
694,045,260
271,679,184
594,181,118
+ 18.6
+ 34.2
—
2.8.
+ 27,7
+
7.3
+16.8
-
164,202,939
11,874,100
115,824,535
2,404,696
1,735,949
3.003,791
2,679,172
201,714,038
471,791,857
.
259,374,270
5,821,594,703
2,574,713,701
10.028,800
151,370,180
344,209,250
Inc. or
1941
Dec. %
$
1940
$:•
+ 36.7
129,862,134
84,465,351
109,964,495
+ 38.5
116*659,333
47,797,555
89,461,095
Winnipeg...^.—
Vancouver^.—
43,798,759
28,601,662
43,867,012
5,207,645
4,162,093
7,256,653
7,032,419
2,352,339
33,555,671
'
Quebec—.—....^..
Halifax—
'
Calgary—.....—.^.
66,587,394
6,147,390
4,159,462
7,274,621
8,851,154
2,719,352
John—
Reghia—.—
+ 62.6
2,715,778
6,198,968
6,812,638
52,554,475
+ 17.3
21,216,234
18,106,447
'51.8
34,024,904
27,425,802 1
+18.0
5,277,348
4,710,536
+
I
0.1
3,449,195
2,612,911
0.2
6,868,728
5,420,929
+ 25.9
6,596,738
6,486,080
+15.6
2,032,325
1,844,042
1,846,641.
—
"■+
+ 12.9
1,969,399
2,224,289
3,024,236
8,990,848
7,452,989
Edmonton——.
+11.4
,
1,993,218
2,588,653
2,309,734
4,142,853
9.4
5,686,305
5,521,385
'
+ 45.0
+
9,149,401
565,773
662,399
—14.6
452.814
411,202
.1,044,795
798,426
+ 30.9
600.104
30.7
1.674.379
569,490
1,708.456
Brandon——
Lethbridge—
.
2,322,255
1.776,511
+
Moose Jaw.
1,057,048
Brantford
1,258,176
1,207,960
805,877
855,298
1,042,433
+ 20;7
656,711
1,022,758
Saskatoon
—
Fort William...—.
New Westminster-
Peterborough—;—
Bherbrooke—
v
960,139
—22.3
552,255
—13.3
+ 18.1
937,524
398,532
691,849
3.0
878,675
1,211,071
+ 15.0
+
2.0
1,175,436
3,499,612
+ 40.8
487,768
366,534
1,148,843
927,288
855,040
722,106
1,234,470
1,392,279
.
471,733
664,250-
+
756,169
401,966
555,296
•
771,195
1,056,833
3,058.443
1,255,106
Chatham
Sarnia
.
+
ia£.7:
846,516
+
0.6
604,488
644,614
—
971,911
...
1:056,972
851,339
Moncton———
Kingston
490,582
+ 98.1
*420,000
385,536
1,013,987
+ 20.3
1.158.380
1,081,371
'416,654,623
+33.9
407,300,505
326,273,555
1,219,475
Sudbury
Total
752,022
853,970
776,216
1,042,914
4,293,855
,
4,381,394
Prince Albert
'
+ 15.5
812,688
.
1,271,195.
...
+ 23.6
1,045,795
1,037,457
479,078
Medicine Hat
Windsor.
Federal Reserve District—Cleveland-
Ohio—Canton—v
+ 24.6
$
'I.
Kitchener
Fourth'
351,507,678
6,896,031,170
3,465,427,036
126,867,701
London.:—
1.3
+
+20.2
152,335,948
71,220,548
Ottawa——.
22,937,111
+15.8
+
/+18.9,
1,133,141
173,452,795
Victoria...—
429,494
1,379,701
416,493
,
1942
1943
Hamilton^...
4,573,591,869
4.8
3,209,925
Montreal.
,
39,039,010
';
4,589,427
Toronto..—
19,471,6&5
25,525,919
716,000,000
—
Total' (10 cities).
2,526.055
197,877,C00
Canada-
329,471
872,766
—
New Jersey—Trenton—
,
2,976,872
+ 19.3
260,841,000'
1,240,897
Week Ended Sept. 23
4,157,317
4,047,823
323,920
'
-
+ 57.2
Stockton
Total
7,088,718
+52.1
434,974
—
Scranton.
+ 51.5
2,272,655
Santa Barbara
.
476,627
266,649
Wilkes-Barre———
..
5,751,344
8,715,506
3,572.061
311,117,000
■San Jose.——.i.—
3,246,881,002
5,345,303
1,597,175
——
Philadelphia
'Reading
22,364,323
712,789
+16.1
+24.7
+25.2
6,059,450
1,710,116
—
+ 22.6
-35,900,000
—
-Philadelphia—
—
Lancaster..
27,957,185
38,567,834
16,720,685
964,271
673,572
1
■
56,044,784
8,843,036
>
6.690,635
5,339,436,089
——.
Pennsylvania—-AltoonaJ,
'■
+ 18.6
....
San. Francisco.—..—
St.
Bethlehem—.
60,406,609
1,711,682
41.330,797
+ 41,2
34,269,070
Pasadena.—....
.
12.1
+
2,436,132
80,867,975
;
474,613
8,132,725
———«.*—
Connecticut—Stamford
Total (12 cities)—
+48.1
67,947,438
92,071,321
■
1
Jamestown
3,256,702
101,046,290
'
95,898,847
California—Long Beach.
2,432,294
14,873,072
1,145,133
.
1,482,400
53,805,752
.6,490,662
1,885,000
1,026,922.
81,889,788
f' 9,909,088
4,786,930
103,213,802
3,440,021
Utah—Salt Lake City—..
Outside New York
A
:'j '14,926,722
—i1,365,748
York—Albany—
Binghamton—
135,170.877
1,957,029
■
+ 25.9
170,392,117
(6 cities)..—.
,'v
Second Federal Reserve District—New York—
.
708,595
Twelfth Federal Reserve District—San Francisco—
2,429,917
218,229,697:
720,345
335,769
Grand
view
v
517,019 *i
:
189,157,262 :.c.:
+ 52.0
1,478,924
1940
v:
-
—■
5,149,081
....
Louisiana—Shreveport
339,278,269
_
New Haven—
2,770,969
559,011
741,396
Eleventh Federal Reserve District—Dallas-
N-aV.a
Week Ended Sept. 25
1942
Inc. or
$
Fall River————
,Lowell————A*+*i+—;4,—
,
,
2,574,713,701
570,309,235
Total
5.821,594,703
3,465,427,036
3,s>/i,ooo
■
1,622,579
2,339,635
93,369,437- i
+—''
6,896,031,170
385,991,992
■
81,637
4,342,163
Mi*«oi»ri—Kansas City..
St. Joseph—
135,179,677
+ 20.2
Maine—Bangor———————
A.
907.776
79,123,964
3,467,721
6,993,557
Kansas—Topeka
259,374,270
189,157,262
.202,283
Lincoln——
117,181,606
+ 24.6
1943
j.
147,551.388
District—Minneapolis-
Omaha.
67,947,438
+18.9
25 for four years:
——
598,000
,
First Federal Reserve District- -Boston-
Portland
1,335,503
v
59,052,092
699,000
-'..Nebraska—Fremont.
147,551,368
8,501,672,771
4,055,909,057
cities
Massachusetts—Boston
971,546
4,073.713
1,226,622
Tenth Federal Reserve District—^Kansas
City-
398,141,485
;
10,215,073,388
5,054,666,618
Clearings at—
'
4,324.726
443,515
321,024,923
392,289,744
1,284,948
4,136,818
1,844,903
1,416,674
156,900,000
UaKi>'W-~Aueraeen———
Wichita Falls—
■
5,384,088
18,859,312
1,088,024
12,956,131
373,022
+ 18.7
—
510,990,802
——ii+..
Paul—u..
North Dakota—Fargo.....
detailed statement showing the figures for each city for the
our
+19.6
1,080,000
St. i
•
Texas—Austin
We
1,642,910
18,316,000
1,965,298
iA
338,421,613
Min«ea noils..—:.—^
344,209,250
162,727,609
+ 33.9
264,882,804
178,815,028
572,281,288
I
32
1,251,269
1,969,394
23,731,000
3,040,240
7,094,142
23,851,115
+
65,222,889
(4 cities)—.
Minnesota—Duluth.
3,351,809,850
408,433,192
250,224,466
323,072,382
510,990,802
243,304,812
316,520,524
170,392,117
'
Canada
568,199,403
594,181,118
612,771,095
338,421,613
V
.—
255,961
3,051,944
1,687,995
199,300,000
72,818,724
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy...——i
Total
3,565,609,579
■.
/ Total——111 cities
359,243
3,820,530
.
+16.7
■"
11th Dallas —_T^I+— -w>.-6 A "
12th San Francisco—
10
"
Outside New York City
1940
.4,573,591,869
318,043,011
432,477,110
■
+ 41.2
2,008,887
252,031,984
731.100,392
"
"
4
7
10
Louis—.___T——
177,008,974
24,745,272
Eighth Federal Reserve District—St. Louis—
Missouri—St. Louis..
■^A'AA.
329,218,177
694,045,260
■
9th Minneapolis—
1941
Inc. or
Dec. %
+ 13.9
;
-
265,136,815
+ 39.7
1,997,510
1,783,201
Helena
391,979,753
A11;;;
6
.
39,793,785
+13.9
4,466,555
.
Springfield.
Total
'
2,042,813
1,928,483
Rockford—
(i
5,339,436,089
;
:
154,766
63,426^446
+ 60.4
,
3,010,793
9,942,386
28,594,748
1,669,118
11,495,924
5,544,178
479,264
405,368,041
1,508,996
27.1% and in the Atlanta Reserve
446,2807077
———12 cities
——
195,433
+33.9
2,592,543
10,536,168
Decatur.—...
SUMMARY OF BANK CLEARINGS
Yor,k
Philadelphia
3,113,171
+ 33.7
24,972,000
Montana—Billings
New
8,0
+ 23.6
413,793
2,707,128
1
Jn the following we furnish a summary by Federal Reserve Districts: v
2d
1,322,768
1,096,739
17,179,000
+ 29.8
—
4,418,630
2,733,122
34,889,000
3,495,917
Chicago—
•
In the Chicago Reserve District the totals record an increase of
19.9%, in the. St. Louis Reserve District of 27.8% and in the Minneapolis Reserve
District of 36.1%.
In the Kansas City Reserve District there is an expansion of
28.3%, in the Dallas Reserve District of 46.0% and in the San Francisco Reserve
District 18.9%.
'J
r:'K£v:
$
1,676,200
1,532,614
24,003,000
',38,234,538
'
4,382,752
Sioux 'City...—.
District by 33.9%.
''■■■■
+ 19.5
43,260,557
5,076,619
2,890,308
15,132,610
7,111,107
.
A"' 1942
+ 47.0
5,497,466
'
...
Illinois—Bloomington—
statement, however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended Sept. 25.
For that week there was an increase of 20.2%, the aggregate of
clearings for the whole country having amounted to $10,215,073*388, against $8,501,672,771 in the same week in 1942.
Outside of this city there was an increase of 24.6%,
the bank clearings at this center having recorded a gain of 24.7%.
We group the
cities according to the Federal Reserve Districts in which they are located and from
this it appears that in the New York District (including this city) the totals show
a gain of 16.7%, in the Boston Reserve District of
13.9% and in the Philadelphia
Reserve District of 28.7%.
In the Cleveland Reserve District the totals are larger
A
+ 55.7
33,816,279
34,199,293
In the elaborate detailed
1943
64,900,000
; 323,072,382
Iowa—Cedar Rapids
Des Moines..—
"
Week Ended Sept. 25
4,075,596
21,730,161
92,300,000
80,827,540
Terre Hautf>
Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
Federal Reserve Districts
35,157,887
+31.7
253,140
Wisconsin—Milwaukee...
ends Saturday and the
1st Boston
+ 36.9
2,244,591
*1,750,000
2,725,207
+ 73.6
432,477,110
—;
Rapids
Lansing
Indiana—Fort Wayne—;—.
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today, inasmuch as the week
by 16.8,% in the Richmond Reserve District by
;
:
5,990,182
33,353,474
49,693,745
56,139,995
4,670,657
312,944
108,103,778
iuamnapoiis
for week———————
all cities
—
115,500,000
2,682,793
.
—„
Michigan—Ann Arbor
9.6
+25.6
*
Total
560,956
3,240,000
49,031,048
1,340,134
82,861,301
2.6
10,399,672
:'
Grand
/
64,869,107
Seventh Federal Reserve
District—Chicago—
8.2
+
1,608,096,736
—-
718,909
3,467,000
+13.0
+38.7
V
——
Louisiana—New Orleans
9.r
1,501,255,920
five daysAll cities, one day—
—
4,4
+27.8
'
Total all cities,
•
+47.2
—
+23.2
$6,048,805,618
$6,547,324,498
1940
$
124,052,067
31,345,141
45,648,319
152,100.000
■;
Alabama—Birmingham.
...": Mobile—.
Mississippi—Vicksburg
+12.3
206,114,752
209,672,672
12^,309,385'
Baltimore-————■'
0.4
133,900,000
£24.783,787
Cleveland
Macon_—_—
140,945,101
■.
142,800,000
246,550,000
'■
Francisco
,,v'
District—Atlanta.
Florida—Jacksonville—-
198,641,000
158,283,679
Kansas City
+
•
318,043,011
"iNashviile^w———-..s;'
+ 17.0
322,659.614
;
■
St.
San
2,422,818
Georgia—Atlanta_^___
', Augusta
;
+ 11.5
477,000,000
558,000,000
85,040,322
2,486,528
172,089,362
(6 cities)
Sixth Federal Reserve
7.1
36a,224,877
+1.1,776,228
-
•
Philadelphia
.Boston
Total
%
+
•
40,048,643
Maryland—Baltimore—;
District of Columbia—Washington^..
;
1943
$4,168,886,730 ; $3/893,435,324
1941
Dec. %
778,408
6,522,000
96,123,031
——.
Tennessee—Knoxvlllel—,4———
1942
\"i-
New'
1,146,157
6,233,000
South Carolina—Charleston—,.
y
k
Week Ended Oct. 2
Virginia—Huntington—
Virginia—Norfolk.—
$9,656,677,154, against $8,656,254,971 for the same! week in 1942; At this
center there is a gain for the week ended Friday of 7.1%.
Our comparative summaty for the week follows:
'■'
:
y
•
or
Fifth Federal Reserve District—Richmond-
at
Clearings—Returns by Telegraph
Inc.
$
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, Oct. 2, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 11.6% above thdse for the corresponding week last year.
Our preliminary total
stands
1942
(32 cities).
♦Estimated.
570,309,235
,
6.2
625.105
573,169
c
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
158'
Note—No
(Continued from page 1352)
Ohio Finance Co.—-Earnings—
after
income
Earnings per
—V.
all
.
' '
1943
;
$147,670
railway
oper. income...
81,617
ry.
•From January
banks,
,/
(■
(
$21,353
4,367
81,558
9,644
<
*
39,400
3,166
811,382
189,607
547,212
,208,691
60,304
38,482
204,505:
11,560
12
,
*13,034
Months Ended
Net sales
:
payable (trade), $3,004; accrued wages and
taxes, $5,461; deferred income, contra, $3,253; class A capital stock
(par $6), (less, held in Treasury, 5,180 shares, $31,080), $654,288;
class B capital stock (par lc) (less held in Treasury, 679 shares
$7),
$2,705; capital surplus, $311,447; operating deficit, $417,238; total,
$562,919.—V. 157, p. 1748.
'
■;*
187,638
457,419
Philadelphia & Reading Coal
"Earnings—
Net
June
and other
profit
after
30—
Iron Co.
1943
■
„
(& Subs.)—
;
••
1942
operating income——— $48,903,261 $41,367,543
and taxes————
735,565
42,016
charges
Note—The company
77 B of the Federal
is
in
reorganization
proceedings
under
Section
Bankruptcy Act.
The "company states that its min¬
ing operations and those of its subsidiary, Reading Iron
Co., have been
under Government possession and control sinc'e
May 1, 1943.—V. 157,'
2455.
p.
Liabilities—Accounts
1,912
31,424
>"
:
M
i
,
$7,122; United States of America bonds, due
accured interest, $80,182; accounts receivable,
$10,160; crude
$3,253; property, plant and equipment; land, $4,250;
buildings, machinery, equipment, etc. (less, reserve for depreciation
of
$143,586),
$215,900;
oil reserves
(less* reserve for. depletion of
$717,270), $237,235; prepaid expense and deferred charges,
$4,817;
total, $562,919.
1 -M
1940
1941
$28,574
$131,821.
,
in
and
1944
1,002,213
railway
Net from railway..^/..
Net ry. oper. income,.
-•
oiL inventory,
1—
from
Gross
$2.16
to' offset the net Income
years are sufficient
Consolidated Balance Sheet, June 36, 1943 '
,
Assets—Cash
.
1942
1
•
railways-
from
Net
•
.
City-Ada-Atoka Ry.-—Earnings—
Oklahoma
Net
$498,271
$0.19
v !s".
v
August
from
1942
1943
$181,033
share
-
from prior
shown by the books.
as
__—L v
charges—.
common
195.
158, p.
Gross
■
Ended Aug. 31—
9 Months
Net
provision for Federal or Statet taxes on Income' ds deemed
because additional depletion allowable; for tax purposes* and
necessary
loss carry-overs
1381
■
Philadelphia Suburban Water
12 Mos. End. Aug. 31—
Gross
(incl.
1943
Taxes
Earnings—
1942
^
--i—
1940
$2,784,502
$2,622,276
$2,473,876
818,070
726,871
696,683
95,605
132,230
131,203
$1,194,509
maint.)
1941
$2,763,427
1,084,755
484,163
revenues
Oper.
Co.
;
•,
,
$1,870,827
541,214
$1,763,175
607,531
$1,645,990
96,749
60,864
243,000
218,451
252,816
,
•Deficit.—'V.
158,
989.
p.
Pennsylvania RR. —Earnings of Regional
Ltd.—Earnings—
i.,
Years Ended June 30—•
Profit
from
'
$709,354
124,484
40,830
47~593
for deprec. in invent, values
Salaries, fees and mtge interest—
'
Railway
Net
■
$523,924
5,187
from invest, and interest-
rev.
Total
income
————
$535,793
of way
& struct.
of
equipment-
12,875,429
profit for the year
preferred dividendof
Shares
ing
—
—_
$146,523
25,221
4,
60,550
160,550
dividends
Common
stock
common
outstand¬
25,221
48,440
par)——
share
(no
Earnings
48,440
$2.50
$2.44
Net
Sheet, June.30,
J913
(less
deferred
$22,317;
refundable
of
portion
excess
profits tax, $78,500; land, buildings, plant and machinery (less reserve
for depreciation of $366,330), $1,125,097; water power rights, $25,000;
goodwill, $l; total, $2,995,932.
Liabilities—Bank overdrafts,
$274,584;
bank loans,
$97,400;
accounts
Gross
From January
O'Sullivan Rubber Co., Inc.—Earnings—
—V.
V.
1943—Month—1942
tax.
<
$5,807
,
$46,662
1943^=8 Mos—1942
$119,118
$282,003
;• K\i
156, p. 2043.
1
'*' %
v
8,144,028 '.
from
1,669,738
ry.
V
Only
-
1941
.
1942
1943
Net
Federal
Other
$591,482
$7,101,702
1941
v
$1,361,775
3,047,675
3 ,058,413
43,033
589,639
£38,493
taxes
taxes
48,579
_A~—...
51,206
554,542
58,333
700,000
Amort,
58,333
;
656,430
586,082
211,166
357,303
297,529
' : *60,286
9,002,493
6,286,003
5,205,968
1,418,339
916,309
62,892
1,337,434
*192,149
*518,787
*1,362,364
411
192
$2,209,435
158, p.
990.
V-
Rent
$171,655
oper. revenuesfr, lease of plant
'
$135,755
19,547
19,292
232,953
229,962
$191,202
$155,047
$2,442,388
Salt
Manufacturing
Co.
Or 140
•;
v
•
income
.....v.
$191,062
$154,686
$2,445,688
1943
102,951
100,405
1,278,554
Net
.
depletion—
defense
facilities
local taxes
in
book
$88,111
Dividends applicable to
value
of
$1,167,134
458,478
$44,281
preferred stocks.——
Balance
$764,251
458,478
$708,656
$305,773
for
periods prior to April 30, 1942, consolidated opera¬
tions of the company and its former wholly-owned subsidiary, Inland
Power & Light Co., whose net assets and business were
acquired as
of
date.—V.
that
158,
p.
11,799-
Enterprises Consolidated, Inc.—New
Rovensky," Vice-President
has been elected
—v.
158,
a
Vice-President and
p.' 1176.
v •
of
the
Chase
director
Other
Amort,
of
oper.
Gross
Net
company.
;
•.
Earnings—
;• f;
earnings from
237,500
3,586,667
of
net
3,152
income
$911,702
deducts..
etc.,
income
receivable
454,595
11,673
2,850,000
16,215
•
.
$837,670 $11,588,062 $10,535,020
459,553
5,426,412
5,647,009
$457,107
$378,017
preferred stocks
$6,161,650
.
to
and
Gas
sales
—
Valley Crude Oil Corp.
Drilling
June 30—
$1,041,479
(&
Subs.)
1942
-Earnings-
1941
1940
$231,533
$214,185
$289,395
636
3,325
1,462
Gross
Taxes
revenue
operating
1,247
11,165,343
40,565
350,672
44,894
393,038
__—
$250,824
$236,105
$222,728
162,380
134,441
77,000
~1T 748
(par
20,983
...
"l9,933
43,079
50T38
Co.
Mr.
—.
p.
8,555,278
^
2,000,000
i 8,194,511
for
1943
depreciation,
amortization and depletion
$12,784,522 in 1942,;' y,'•
and
has
now
of
$14,-
$502,536
Beale
also
disclosed
outside
the
income
&
18,309
164,775
105,553
258,996
$4,560,869
1,549,403
$4,205,312
144,426
$381,530
$353,213
$3,011,466
3,883
for
'
charges __v.
charges—
income
2,819
:! 28,888
$2,646,732
49,828
aft.
income
The
-
$377,647
$350,394
$2,982,578
$2,596,904
taxes.1
profits
$659,149
$808,966
$5,149,468
$4,823,514
990.
p.
-
Pittsburgh Metallurgical Co., Inc.—Earnings
of
1943
income..
78,213
,41,027
26,966
26,718
26,685
174,466
154,764
6,000
$653,081
$692,160
$417,769
jDr20,198
adm.
5,109,609
290,342
exps
„i.i—.....I.—
for
for
Net
depreciation
amort,
of
operating
facilities
emerg.
profit.
Sundry income; (net)
for
Federal
for
Excess
Net
Crl,095
Dr 6,457
taxes
94,800
146,000
103,000
1334,800
Crl0,598
242,761
39,000
$213,881
$304,493
124,500
123,250
99,600
99,600
$2,14
$3.06
income
excess
income
dividends
of
Earnings
...
stock
cap,
($10
par)
share
per
154,117
profits tax
prior year.
Federal
provision for
Shares
:v
...
Provision
Prov.
$269,312
.
197,200
98,600
$2.73
•Includes operating, engineering
amount
of
$78,627.
and construction fees earned to tiie
deducting credit of $37,200 for debt
tAfter
,
retirement.
;
.
Assets—Cash
in
banks
and
on
|777,296; inventories, $331,877;
render
value
of
life
insurance
-
June 30, 1943
hand,
.
$842,618;
prepaid
expenses,
policies,
total, $3,004,224.
payable
$11,130;
'
^
accounts receivable^
$75,930; cash sureproperty, plant and
'
bank—due
May 1,
1944, $100,000; ac¬
employees' deductions for purchase of
expenses, $104,326;
reserve
for
Federal
income,
on
$429,600; notes payable—bank, due May 1, 1945,
payable—bank, due May 1, 1946, $100,000; capital
$10),
$996,000;
capital surplus,
$159;- earned
surplus.
$647,506; total, $3,004,224.—V. 158, p. 1074.
'
' '
$100,000;
stock
notes
(par
.
Pittsburg Shawmut & Northern RR,
August—
1943
276,344
4,958,144
1,244,717
204,026
1,688,516
578,636
4,536,933
2,961,870
$93,593
43,639
24,863
*13,045
25,223
13,326
993,747
990,032
785,966
211,992
101,154
168,438
337,577
49,516
203,628
229,083
119,339
from
Net
ry.
1,831,392
income...
oper.
•Deficit.—V.
158,
p.
990.
Pittsburg & Shawmut RR.—Earnings-
896.
Baltimore
2,586
from
25
the
sale
general
Net
Interstate
the
would
mortgage
the
of
the
be
used
4J/2%
funds
to
Commerce
redeem
bonds
necessary
would
issue
new
Commission
to
on
like
a
Dec.
amount
of
the
be
for
the
advanced
Gross
Net
Net
—V.
next, at 107Vi.
redemption and for
by
the
electric
ended
6
ago.—V.
output
Sept.
12,408,000
158,
25,
or
p.
1283.
11.5%,
,
$141,994
29,134
54,887
24,866
26,029
17,929*
955,550
813,825
over
the
—
41,961
655,241
870,673
295,996
292,022
192,007
319,224
170,522
241,867
120,786
221,417
896.
corresponding
period
(
Months Ended June 30—
sales
Net inc.
for this company and its subsidiaries for the
1943 amounted to 120,728,000 kwh., an increase
kwh.,
p.
1940
$91,146
33,746
railway
from railway
ry. oper. income—
158,
1941
$114,286
47,554
Pollak Manufacturing Co.—-Earnings-
Pennsylvania.
143, p. 3645.
The
of
from
1942
$136,760
ry. oper. income
From January 1—
Net
4,004
1943
railway.—
railway
1,
Philadelphia Electric Co.—Weekly Output—
*$31,896
from
from
Net
2,590
remainder
of
Gross
operated under lease by the Pennsylvania RR„ asked
$12,929,000 3% mortgage bonds, Series E, to the Equitable
Society of the U. S. at par and accrued interest.
of
company's
10,719
RR.—Would
Assurance
Proceeds
1,100
Washington
&
Privately—
Sept.
194G
3,667,587
332,970
$147,459
970
railway.
from railway—
1,568,008
351,831
1941
$120,500
988,426
ry. oper. income—.
From January 1—
Gross
-Earnings-
1942
$138,317
35,174
21,831
from
Net
546,670
——U
p.
authority
The
*$35,901
1941
$3,030,892
2,385,294
104,757
1
and
gen.
Provision
Prov.
1942
$5,275,172
4,121,892
201,425
*$6,359,221
sales
Taxes
1943—8 Mos—1942
$3,926,884 $36,561,775 $27,721,956
621,855
228,570
company,
expenses
*$184,185
.
fixed
August—
—V.
*$32,795
1,558,580
•
fixed
Net
taxes...
operating
Net
39,216
157,809
3,561,431
$4,099,759
.
excess
taxes
Net
*$34,487
*$26,376
$4,396,094
that
$4,812,727
railway
—V., 158,
47,178
8,090
$593,900
$612,209
fr. income
available
Liabilities—Notes
United
1943—Month—1942
revenues
Fed.
*$28,962
*$24,705
6,193,677
:
4,110,376
$525,956
...
railway—.
Net from railway..
issue and sell
57,284
477,682
23,420
income
158,
Gross
Life
$73,009
6,720,329
'
income
equipment, $965,372;
to Amer¬
Pennsylvania
States, accord¬
pere Marquette Ry.—Earnings-
45,088
operating income
V
Year Ended June 30—
Co., Ltd.—
investments
no
Period Ended Aug. 31-
*$35,424
•Loss.
—V.
$24,381,640 $23,621,923
896. '
$71,909
$15,725
520,333
excess
Pennsylvania Salt is a 50% owner of.
the new Tulsa Chemical Co., formed primarily to produce anhydrous
hydrofluoric acid used in production of high-octane gasoline.—V. 158,
week
income
7,500,000
2,000,000
reserve
28,347
73,322
'•
$6,732,005
taxes
31,697
Net inc. bef. oth. chgs.
Miscellaneous charges..
$50)
ing to Leonard T. Beale, President.
Berbice Co. is a South American
producer.
Under the contract of sale, American Cyanamid
granted Pennsylvania Salt a long-term contract to supply bauxite
requirements.
; :
v■ v.".;..
95,313
41,766
Net inc. from oil opers.
Miscellaneous
income..
1,657,234
1,045,393
7,500,000
1,608,270
....
10,716
...
V
1943—8 Mos.—1942
counts payable—trade, $525,179;
War bonds,
$1,453; accrued
$289,428
87,704
Depletion
Depreciation
$3,224,785
1,905,767
Philadelphia,
exps._
quarterly
,*Includes Fed. income &
Cash
$2,812,325
.
Sells Holdings In Berbice
7,081
—
Gen., adm. & office exp.
Amortization
Net
10,801,043
■
33
cleaning..
regular
a
$7,006,047
863,831
The company has sold its half interest in Berbice
Co/, Ltd.,
ican
Cyanamid Co., who owned the other 50%.
The
3,846,532
$2,321,923
w.th
.
$1,088,853
972,635
$846,034
.charges
2,285,802
;;c.
'
sundry accrued items
Sell Bonds
Direct
3,495,078
assets
payable
in
of
both
$1.75
768,462
Balance Sheet,
$4,888,011
3,839,727
.
$250,188
——.
and
1943
ry.
tax
fixed
6,006,480
surplus
•Less
of
783,207
oper.
Total
$24,381,640 $23,621,923
profits
...
sales
other
Earned surplus
Other
Penn
2,532,043
4,138,593
Total
1074.
Years Ended
5,309
2,617,426
...
•Real estate, plants and equipment.^...
marks, patents, etc.——
Prepaid expenses and deferred charges..
Gross
Oil
587
Trade
107,833
$100,
92,643
accruals.
Selling,
1942
$1,235,709
Inventories
Paid-in
dividend
par
Distributions
and
Income
Cost
Sheet, June 30
:
$834,666 $11,552,800 $10,490,928
3,004
35,262
44,092
Balance
158, p.
Balance
1943
Capital stock
quarterly
stock,
98,00 6
'Net. sales.
taxes.
profits
excess
bauxite
1,401
$908,550
,s
(rail)..
.....
fr.
Misc. deduct,
$9.47
i
share.
common
$2,890,981
and
1074.
p.
joint facil.
(Cr) "
at—
•Railway
$1,421,170
1,087,500
$9.33
$1,399,584
receivable
Taxes
•
$3,065,729 $23,594,433 $22,392,463
231,660
2,308,215
1,863,525
878,819
824,653
6,789,018
6,378,517
41,022;.
39,293
324,749
319,610
811,555
788,627
6,383,197
6,330,344
Salt
285,833
revenues-
200,000'
1,012,500
oper,
post-war refund
Accounts
on
352,004
equipment..
rev.
Equip,
2,096,842
Assets-
1943—12 Mos.—1942
reserve
Dividends applicable
—V.
*2,614,636
400,000
for fiscal year
$3,718,012
Dividends paid
Total
$3,846,952 $48,497,126 $45,374,516
1,904,111
24,514,562
22,713,916
695,059
6,759,427
7,255,739
174,215
2,071,997
2,047,718
.........
income,
Interest,
Bank,
limited-term
investments
Net
523,884
172,349
retire,
appropriation
Other
2,121,404
■
taxes
Property
1
;^
1943—Month—1942
$4,012,020
taxes
Patino
;•
•
•
National
of the
Pennsylvania Power & Light Co.
Period Ended Aug. 31—
Operating revenues
Operating expenses
Federal
Net
9,300
$4,414,220
—
Accounts
made
was
1,- May 1 and Aug. 2, this year.
also paid an additional dividend of
& struc.
expenses
Net
Reserves,
C.
Other
marks,
earnings from operations
Income and excess profits taxes paid or accrued
Reserve for contingencies and unkhown taxes.
1176.
Official—
Joseph
trade
Net
Liabilities—
Mines &
Patino
taxes)
.-'-patents, etc. -
Investments
•Including
....
(except inc.
1,364,572
income
regular
1943—Month—1942
expenses
Total
132,944
499,674
Notes
amount
$3,027,440
way
of
Traffic
1942
v
454,870
521,060
$2,128,823
deducts,f
etc.,
like
together
revenues
.
1,154,325
Dr640
3,300
Dr361
of
Feb.
on
of
Aug. 31—
oper.
of
Net
of
•After
Div.
583.
p.
the
arrearages,
amount.—V. 158,
Transportation
Subs.)
(&
and
State and
per
Com.
Pittsburgh & Lake Erie RR.—Earnings—
Period End.
1,379,802
992,967
Net
and
the company
year,
of like
payment
158,
additional dividend of $1.75 per share
an
this issue
account
Co.—40-Cent
the 7% cumul. preferred
holders of record Oct. 20.
on
2, last
on
Other
Consolidated
Gross
Nov.
$1.75
on
to
1
made
$595,731
operation.—V.
Corp.—To Pay Part of Arrearages—
declared
accumulations
6,732,699
Earnings
Interest,
On
Nov.
158,
$623,513
in
payable
distribution
since.—V.
246,549
dividend of 40 cents per share
Oct. 22 to holders of
a
value,
par
initial
none
share
per
were
rents
1,530,538
$2,129,463
■
Operating income
Other income, net
An
no
above
11,695
116,015
1
;
Transportation
stock,
of
./y
Sept. 21 declared
on
1.
flncluded
y^v-
y/
last;
account
each
Q
8,086,812
$1,899,501
investments
Net
811,600
taxes,
Phillips-Jones
4,056,315
3,042,776
in
676,000
1—
$26,579,870 $19,552,300
Write-down
589,194
;
$730,754
divs.__
The directors have
reserve
limited-term
of
$810,799
738,641
sales
Fed.,
.
Property retire,
appropriation
Oct.
22,
Maint.
1940
'
$1,228,638
Amortization
$3 ,997,393
264,010
50,140
—?■
$552,337
2G2.775
Operating revenues
Operating expenses
record
April
Maint.
Depreciation
1943—12 Mos, —1942
$654,145
for
common
payable
Earnings from sales and from all other sources
Maintenance of buildings and equipment....--.
Statement
1943—Month—1942
259,110
above
directors
the
on
$1.75
1940
1,035,838
Annual Report—
•;V;
t
Philadelphia
The
on
1942
$1,938,246
income...
oper.
Deficit.—V.
deprec.)
1074.y,/>'-■%.
p.
1,845,470
of Company
avail,
"Included
78,739,840
railway.—
Pennsylvania
Pacific Power & Light Co.—Earnings•Income
6,596,748
8,166,736
5,326,339
Years Ended June 30—
Period Ended Aug, 31—
Bal.
6,559,000
72,359,563
from' railway
Net
*
inc.
58,206,252
99,329,604
228,575
•
tax
*
Retir. exps. .(or
15,566,100
v.v;,V; 1943
railway.—
railway
oper. income—
ry.
Net
bef.
"
231,899
from
Net
.
inc.
'
11,491,050
income
from
Net
surplus (including the refundable portion of excess profits tax
$78,500), $520,701; total, $2,995,932.—V. 156, p. 1420.
Period End. Aug. 31—
1,003,356
August—
earned
Net
!,'
[8
!
Pennsylvania-Reading Seashore Lines—Earnings—
Gross
;•
881,677
548,357
bal...
' '
553,70 8
Crl3,344
deducts.
income
Railway
payable and accrued expenses, $453,729; sales and other taxes payable,
$2,813; dividends payable, $18,415; reserve for Income and excess profits
taxes
(net), $286,000;
mortgage, $60,000; 7% cumulative preferred
stock,
$360,300;
common
stock, $843,060; capital surplus, $78,929;
of
978,202
1,059,597
Earnings
(including
operations,
taxes
bal...
oper.
'
railway^... $88,413,643 $76,947,112 $56,621,217 $42,761,707
Net from railway——
36,889,110
28,611,345
17,127,604
13,164,468
Net ry. oper. income_;._
11,452,109
15,543,776;" 10,326,497
8,024,567
•.'From January^l*r* '■■;
'-r".•'•.'
Gross from railway-- 643,249,761 531,581,987 390,058,958
304,502,475
Net from railway—,— 212,988,889 170,583,455 110,039,128
87,101,179
Net ry. oper. income—
72,363,140
78,921,936
62,778,070
51,357,442
—V. 158, p. 1176.
reserve),
charges "to
".
oth.
&
Federal
from
Gross
,V;j
$20,777 U. S. funds), $41,075; accounts re¬
$645,058; due from employees on War Loan
subscriptions (fully secured by Dominion War loan bonds), $43,397;
Inventories, $883,021; investments and securities, $128,588; investment
in shares of and advances to wholly owned subsidiary company, $3,878;
ASSets—Cash
ceivable
1943—8 Mos.—1942
taxes—.
rents—Dr
ry.
Amort.
28,653,329 213,088,811 170,510,192
10,103,070 118,072,000
68,570,292
870,551
7,517,143
6,591,106
22,638,000
August—
"
Balance
fac.
Jt.
36,947,105
oper.
rents—Dr
Equip,
"Including the refundable portion of excess profits tax of $78,500.
tincludes only provision for Dominion and Provincial income taxes.
.
ry,
retirement
RR.
v:\a440
$1.29
V
per
fr.
rev.
Railway taxes
Unemploy. insur.
$143,383
$87,793
25,221
60,550
Net
7%
1,093,349
expenses
System—
RR.)'
23,886,383 229,520,899 183,140,950
1,031,093
9,627,838
6,774,954
1,006,484
10,237,114
8,060,544
1,178,308
____
Net
E.
9,108,086
67,810,679
12,615,517 106,676,424
814,758
7,523,267
909,705
26,684,050
expenses
Transportation expenses
Miscell. operations
$418,383
t275,000
220,000
&
earnings
Interest charges
77,115,650 644,485,032 532,581,496
8,934,350
Maint.
7,228
$366,523
*448,000
_
B.
$
88,622,296
revenues
General
Prov. for inc. & excess profits taxes
and
Maint.
$411,155
$361,336
11,869
-i.—
RR.
oper,
Traffic
Profit
I.
1943—Month—1942
$
,V
Prov.
L.
(Excludes
Period End. Aug. 31—
$539,626
67,460
10,000
51,011
$533,414
.144,600
operations—-:
of fixed assets--.;
for deprec.
Frov.
[■/
1941
1942
1943
;
Net
•/.
a
.
year
...
L
•Earnings
per
share
Note—Federal
end*d June 30
p.
2455.
income
1942
1941
$14,477,071
$7,759,519
$3,082,166
311,672
167,843
139,399
$2.60
$1.40
$1.16
^>1943
—
after charges & taxes
,
;
and
profits taxes for the six months
1943 and $950,000 in 1942,- -V. 157,
excess
totaled $838,000 in
,
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1382
Pittsburgh Steel Foundry Corp.—Earnings—
Months Ended
6
Earnings
—V.
per
158,
30—
June
all
after
income
Net
share
common
1942
$478,558
$5.06
■
$7.77
—•
492.
p.
anticipated that earning;? on the new common stock would be
excess of $2 per share for the year 1943," he said.—V. 158, p. 1283.
in
1943
$316,951
'
charges„_t.„__^____^_.—
is
"It
t
.
(The)
Pullman
Federal
Other
221,717
170,406
3,153,308
$4,331,928
2,416,015
11,356
22,475
77,829
198,985
expenses
32,544
retire,
i——_
.
298,400
350,001
275,000
on
,
7.7'
met)
/..
—
officials
14.4 billion
112
140
$80,461
$1,401,966
1,739
report
,
$103,098
$80,111
$1,403,705
32,796
523,196
411,924
~——$64,359
$47,315
$880,509
$625,676
430,167
430,167
———
income
Net
Dividends
applicable
stocks
preferred
to
—
A
$450,342
^IsTprio'll"'
//-v.7
....
' .7'
$60,000,000
recently
$195,509
tion
of
War
An
has
appeal
decision
the
action
Act"
in
Rico
of
of
entered
been
court
a
U,
the
in
International
hy
San
Appealed—
Power
the
in all likelihood going to the U./ S. Supreme Court before
finally is settled.
In the meantime, the U. S. Govern¬
in possession of the properties that were operated by
subsidiary of Porto Rico Power known as Porto Rico Railway, Light
Power Co.
■'
•"
/:;7'
7
'rX..This is the second stage of litigation over the ownership of these
power properties.
It will be recalled that in July, 1942, the U. S.
Government "condemned" and took over the properties on a plea of
authority under what was known as the "Lanham" Act. These prop¬
erties included
three hydro-electric plants, one steam
plant, trans¬
mission lines and an electric railway.
Late in 1942 the Circuit Court
of Boston, on appeal by the company, declared that the seizure was
illegal.
Immediately afterward, the U. S. Government, in place of
entering an appeal over this court, took action under - special war
legislation and continued to hold the properties. The action was held
valid by another judgment of the local court in San Juan, and it is
against this decision under the War Measures Act, that an appeal
and
has
entered.
been
•
7
,
to
•
its
liquidating
of
rate
and
In
at
the
unless
plaintiff is
paid
the
directors
each
of
50 cents
declared
have
dividend
a
preceding
quarters,
of
extra
cents
50
was
of
25
cents
share
per
See also
V.
157,
p.
first
'bonds
mortgage 3(4%
series "E"
due May
1943—8 Mos.—1942
Federal
Charges
in
and
The
of
808,900
7 77'7':
65,500
income
Other
50,906
Gross
158,
income
7.
and Navy
$5,979,874
$3,888,631^3,708,871
79,797
$6,059,672
2,083,936
2,119,448
3,139,854
$1,589,423
$2,919,818
Ended
1075.
p.
7
sales
of
Cost
and
the
amounts
it would
and
due
from
him
the
common
new
This
tive
distribution
Works
This
tion
the
stock,
has
payable Nov.
been
diesels.—V.
declaration
1
approved
158,
follows the
p.
to holders
by
the
of
a
record
share
Oct.
from
recent
consummation
of
a
of
1943
,
A—'
translated
in
terms
tablishment of
Mr.
a
of
an
dividend
annual
dividend policy.
Net
2,578,435
tax
profits
tax
for
rate
or
construed
as
past
of
serv.
such
circumstances it
would not be
$4,689,564
dividends
per
1,074,636
the
new
board
on
the matter
"In considering the
under the company's
retired
on
March
1,
Sept. X.
of
S.
share
(less
of
grain,
&
advs.
refund
Sheet
Due
of
materials,
$129,665
6,028
8,737
$107,766
$138,402
—.
*
$600,245
,
1,622
income
taxes...
■
32,823
$161,634
$72,643
36,033
—„
32,176
37,461
$103,125
41,257
25,000
100,000
profits'tax
excess
7/vv,
(less
/.;%';%/
the
post-war
V
:.'•/7%;:/7-/•/(/:
of renegotiating
process
-
"7
'
.
1943
■
1942
$300,794
$112,385
253,587
■
87,709
193,963
Federal
S.
profits
subsidiaries
to
not
payable
consolidated
purchase contract
Reserve
for
Reserves
for
2,937
......
379,520
stock...
B
;
...........;
Reserve
6%
for
insurance
cumulative
SCommon
Earned
UStock
Total
"■Less
strong.
957
^
a
stock
18,000,000
(less
reserved
for
-
—
,).942.
—
letter
setting forth
dollars, which
comparison, the first
dollars
of
the
June
accomplishments of
30,
com¬
in
order
Price
Ad¬
past
the
few
that
the
volume
in excess of a billion dollars
months of 1943 averaged less
these figures before you,
new
business acquired during
was
seven
month.
per
of
With
our
very
■
the current calendar
Board
the
of
the
fact
Office
that
year.
of
-
.
Price
Administration
prices have
our
not
been
held
work,
.we
that notwith¬
increased
profits may be due to unusual efficiency
and
and to
were nevertheless subject to
a
a
that
marked
readjust¬
In
they have subtracted for the years 1941 and
gross from our profits before taxes, which is
after credits for taxes paid and post-war refund, to a
cash outlay of approximately $440,000.—V. 158, p. 196,
ment.
the
consequence,
million dollars
two
1942
equivalent,
Rayonier, Inc.—New Executive Vice-President—^
Dr2l9,269
President,
$64,498,433 $57,323,078
of
director
Bartsch of New York City has
been elected Executive Vicesucceeding J. D. Zellerbach, who resigned because of the
other duties.
Mr. ZJellerbach, however, will continue as a
and
member
of
■
annual
as
adjustment was effected during
":'V ;!V.v ■;/ /''■ -..."/V-7;.:'•.
13 billions of
evident
Edward
possible losses of $1,138,446 in 1943 and 1942.
for depreciation of $16,001,603 in 1943 and of $15,687,-
in
deficiency of $2,321
This
increase in volume of
18,000,000
for
fPayable
the
meet
"
Upson,
In
excess
our
em¬
—
interim
million
has
The
13,713,168
Dr314,726
—
7
15,210,000
12,965,660
reserve)
reserve
171.
p.
M.
300
is
press
1
to
amount
Board.
than
during
.991,698
—
$608,874
7
a
777
standing
1,600,000
15,210,000
—
.$1,098,177
Treasury tax anticipation notes of $200,000,
materially declined, v"- -7:
our large partnership operations are continuing to pro¬
vide us with work that was inaugurated one or more
years ago.
These
contracts should be completed during 1944,
On the basis of the present .tax bill, the net
earnings for the first
six months,
after taxes and preferred dividends, are approximately
$1.52 per share.
As the earnings of the company have long since
passed its excess profits credit bases, the profits that may be retained
during the balance of the year will be-only such portion as is left after
;the deduction of excess profits taxes. This fact should be kept in mind
in making any estimate of the probable
earnings during the,balance
of 1943,
Consideration should alsp be given to the possible effect
on
earnings which may result from renegotiation for the work done
2,250,000
($100 par)_
100,000
282,987
Fortunately,
283,946
1,032,890
usual
month.
it
1,608,656
450,000
contingencies
/
President, states:
The year 1942 provided the greatest-volume of
construction expendi¬
ture ever experienced in the history of our
country.
It amounted to
73,337
448,753
1,600,000
stock
reserves
in
pfd.
other
and
surplus
—_;
held in treasury and
ployees
*Less
in
157,
Maxwell
15,412,800
—3,500,000
—
5,513
100,000
surplus
weeks.
270,000
550,000
———..—
inventory shrinkage—
advertising
32,156
84,513
justment
760,657
270,000
—_
■>281,402
taxes—.—
83,239
The
12,219,167
5,980,265
748,576
—
—
income
pany during the first six months of 1943 has been delayed
to await the outcome of renegotiation
proceedings with the
$1,462,965
1,631,915
income
$608,874
$100,768
/
-
participating stock: class A.
cumulative
1943
3,059,436
—
on
$1,098,177
$224,894
7/
14,815
1943.—V.
$57/323,078
—
,'„i;
5,018
14,308
6,057,223
$1,996,333
liabilities
li'
liabilities_i_..._..i._..___
than
$64,498,433
Federal and Canadian" taxes
400
213,847
1
taxes
more
835,407
—
;
provision of its amended articles of incorporation the
.company, was required to set aside in a sinking fund as of June
30,
1943 the amount of $36,527 for the retirement of class A
capital stock.
At that date the company had
acquired 1,855 shares of class A capital
stock at a cost of $34,206 to be used for sinking fund
purposes.
During
July, 1943, the company acquired additional class A capital stock
912,727
—
,'V>
252,497
4,336
j;7"--:7
■-After U. S.
10,145,506
—
44,413
%.i.„_7
'
(net)
payable;
Note—Under
329,808
payable
equipment
-/charges'
Federal
Total
$4,335,812
857,420
—
and
/•;. Raymond Concrete Pile Co.—Statement Delayed—
10,145,506
and
re¬
//^.7i.'_.
Earned
499,509
goodwill——
rights
post-war
2,115,987
amortization)——————
trade
for
tax_.._'_^.
accrued
1942
75,807
profits
(net.).———7
accrued
$5,485,904
5,807,004
tax,
Government
excess
Other
30
investments.—
excess
and
103,003
-
18,071,799
subs.--
86,511
48,585
subcontracts..-!......
Other
6,778,467
etc.—
con¬
collectible from other contractors
Liabilities—
Accrued
war
■
'
Accounts
its
has been made.
June 30
(net)___
Total
■
refund, $44,413)
determination of excessive profits, if
any
■
Deferred
2.454
■>436,989
—i__
company,is in
U.
of
2,948-
■
25,000
—
receivable
"Patents"
5,838,274
securities—
nohconsolidated
to
fPatent
1
$101,739
Property, plant,
$4.64
June
reserves)——
receivables
(less
Dividends
.according to Mr. McLaughlin, and current cash and asset positions are
:
$5.17
—
Balance
Government
Canadian
in
war
Accrued
1943,
V
from
1943
receivable
Accrued
Thereafter,
$582,718
war-production
fund
1,074,628
2,798,212
7:
and
es¬
and that another $1,000,000 must be paid on
the semi-annual payments on bank debt
amount to only $562,500."
Earnings trend of Puget Sound and subsidiaries continues favorable,
1944.
Due
Notes
Liabilities—
dividend picture it should be borr.e in mind that
five-year bank loan agreement $1,000,000 was
59,738
receivable
under
$5,771,113
Total
dividends.-
1941
$189,405
53,095
Federal
no
:
1942
$154,834
17,527
Cost of equip,
■Class
'7'- 2,798,212
common
Assets—
Accounts
for present directors to es¬
tablish a dividend policy or have anything to say as
respects future
dividends which would usurp the prerogatives or in
any way commit
%
■,
86,767
Inventories
$6,996,832
Cr311,165.
1,013,259
income
Patents
proper
of
1943
.
V'7.'
annuities
Trade-marks,
"Because.stockholders quite naturally would
like to know what is in store for them in the way of future dividends,
the directors wish they were in a position to establish a dividend
policy.
However, stockholders will appreciate that a new board of directors,
now in process of being chosen
will take office on. Dec. 17 and under
showed
compared
year
division
$669,485
■
10,986,919
retire-
Prepaid expenses __————
451,828
tProperty, plant and equipment—15,343,002
McLaughlin stated:
this
of
express
of this
dividends—..—-J——./
Accounts
2,968,276
—-
effect
dividends
Post
'
Federal
service
express
months
Cash
72,156,479
&
,
Miscellaneous
of
air
and
air
•Balance Sheet,
Assets—
:
;7 '
1942
$10,882,696
Cr557,045
taxes
Income
"■Invests,
individual
State
indi¬
an
for
etc,.
Fed.
Note—The
356,689
U.
which control of the compajny has passed to a large
stockholders, about 9,400, or 63% of whom Jive
Washington.
Frank McLaughlin, President, made it clear that this common divi¬
dend to the former preferred stockholders is the intial dividend following consummation of the recapitalization plan and is not to be
the
in
the
30—
dividends
B
tracts but
$6,951,308
'
recapitaliza¬
on
made
operations-.——..
for
"■Includes
;/,.7 .7.7/7..
—il..—-97,761,416
administrative expenses.13,534,553
Consolidated
Depart-
rail
first Six
expenses,
Of $399,717.
r
.
!';/:7'.;"
operations
Earnings
15.
Washington
the
sales
income
A
Class
$122,178,665 $90,140,230
Common
1285.
June
income
Class
have
foreign inc. & pfts. taxes $11,249,534
Federal and foreign income and profits taxes: :
'
■t
on
liability
been
Government
Report—
Canadian Subsidiaries)
30—
sold
before Fed.
Excess
plan under
number
the
190,207
Accounts
initial dividend of 60 cents
has
charges
Net
,
circles,
the contractor %o
charges
Inventories
an
combined
in
1942,period,
on
from
Provision
,
unfair to
be
Co.—Annual
general and
Charge
Puget Sound Power & Light Co,—Initial Dividend of
basis,
aggregate
income
Gross
Departments, the Maritime Commission ,and the
income
Other
60 Cents On Common Stock—
approximates
whereas the 1942
7;%'-:77v
Ended
Income
to help prevent such
7'-7..
7"
Cash
The directors have declared
military
a
the companyls entire
industrial
—
goods
Selling,
■
.
in
34.7%
andi general
Profit
the contractor for the- amounts due him under the
June
$2,793,200
158,
42%
a
1943
Co.—Earnings-
profit
Other
in a recent'announcement issued by the.Office
explained the procedure under which the new
(And Domestic and
Dr70,530
7 Net income —$1,804,695
-
financial
in
because of
Quaker Oats
$6,051,466
3,258,265
—V.
Years
$6,121,996
(
on
provision
.
Selling
while he is waiting for the Government to pay him."
1283.
'■
7/7/7 7/,,.'-.v77 ///' 7,,7-,. ' 7v. , ; 7/7■: '7/./
p..
Preferred
Interest & other deduct.
.
Drl5,231
income
is
Gross
$2
571,684
$3,724,102
cover
No
in
/
these
Randall
.
pay interest
—V.
1,452,200
$3,837,724
45%)
basis.
18643,361
company
combined rail and air service
by plants
at non-airport offices has been
largely respon¬
increases, it was said.
Expedited movement of this
accomplished through
the co-ordination
of
air
and
rail
for
990.
p.
1,006,716
2,721,971
subsidiary
a
linking 350 airport cities in the United States and Canada
with the 23,000 off-airline offices of Railway Express
Agency.—V. 158,
that contract! Money so .drawn will have its interest "suspended,
interest1 will be paid on it by the Government, since the Govern¬
and
ment
operating
production is
war
7/7
Information,
City,
109,500
of
7/;7'7"v"'>
•
schedules
under
1, 1973,
National
1,452,200
stock
fLoss.
71 :
Loan arrangement was set up
ment is indebted to
1
Net
of
similar
sufficient
1,853,171
tax
26,314
$3,220,583
factories. located
cargo
working capital will be available
own
7-77
7.,
.
entitled
is
he
/7,:/'
7;7';7/.;.';'7'7'^7 ,7/:
at
return
Continued utilization
and
arrangement may be used.
"The contractor," the OWI
announcement said, "on termination of a contract, may obtain from
the banks that part of the termination loan
commitment to which-
2,243,398
1,568,403
the
sible
Loan
Inc.
7.-'7;- 7.
;77:'
.
surtax—
and
profits
War
War
"VT"
on
■
taxes—-
profits
Excess
1,084,303
7 .'7 7.*
excess
attention
"VT"
new
outcome.
Years
2,065,873
to
.charges.—
Railway
Express Agency reported last week.; A total of 191,850
shipments were
handled in the combiried service in the 1943
half-year period, it was
stated.
Express charges on this traffic, which either
originated at
or
was destined
to an off-airline point, or moved part
way by rail,
increased 106.8% over the comparable 1942
period.
: i
June rail-air express and shipments handled in
nation-wide service
totaled 32,973, an increase of 26.6% over
June, 1942. Express charges
on
this traffic were up 81.8%
for the month. /
;
Federal Reserve Board,
.
1943—12 Mos.—1942
1,541,420
tax
increase
with
the war between
than 20,000,000 workers involved.
Income
of Fed.
lieu
income
Normal
-
1,532,013
(calculated
Shipments carried
an
"VT"
new
all
.
taxes
surtax)-
and
wide
Income
taxes
income
(normal
that his
so
Mr, Liddle said he was able to state that
the
and
an
State, local and miscell.
Federal
752,787
26,388
Railway Express Agency, Inc.—Rail-Air Express Up—
;
of
75 and 125 billion dollars, with
Delays in providing reconversion
funds, it has been! feared, might lend to chaotic employment conditions,
revenues— $18,423,116 $16,691,314 $27,392,928 $25,039,862
expenses—10,115,904
9,055,192
14,991,306
13,643,869
Qperating
*■■■'■
Bank
Reserve
at the close of
ing
more
Net
,
with
Recent estimates have put the total of contracts likely to be outstand¬
Earnings for 8 and 12 Months Ended August 31
Period End. Aug. 31—
J
out
of
post-war production.
terminated contract
be available on and after Oct.
4, 1943, at the First
of Chicago, trustee, or at Bankers Trust Co., New York
delivery in exchange for temporary bonds.-
Operating
641,182
,
77,
//*;V;7
•
where it
was regarded as a significant acceptance of the program of the pro¬
curement agencies and the Federal Reserve System as Fiscal Agent
of the U. S. Government to help industry avert a serious threat to the
national economy which is involved in the outstanding war contracts.
170.
Bank
7
Federal
Co.
the
by
company
worked
pointed out that among the advantages of the
terminated
for
once
him
Permanent
633,805
the
during the war emergency,
supply additional credit to him if and when his war con¬
to
are
attracted
•;
Public Service Co. of Indiana, Inc.—Permanent Bonds
<7
been
were engaged
in producing for the armed forces such items
tanks, patrol craft, gun carriages, mortars, airplane sub-assemblies,
shells, bombs, military freight cars, the new three-deck troop'sleeping
cars, and in supplying the nation's overloaded
transportation system
with badly needed freight cars, street cars and trolley buses. ,
The use of the new regulation "VT" credit by Pullman-Standard
company-made a payment of
in addition, on Jan. 15, of this
paid.
k
profits tax as the companies do not appear to be liable in this
respect.—V. 158, p. 1283.
facilities
the
share on this issue, and,
25
30,'43^ July 4/42
646,541
2,600,000
I,
date—//
as
stock, par $25, payable Oct. 15 to holders of record Oct. 1.
the
per
year, fan
will
for<the
has
While the volume of Pullman-Standard's
full
-"V;/:/
also
secret,
/;/;//■ '/'"■.
"'V.7.7.V r;7
common
for
Liddle
tracts
(G. E.) Prfentice Mfg. Co.—Smaller Dividend—
The
last.
1,
'
$6,493,438 ~ $1,410,802
income taxes for
,
of
per
Oct.
excess
application of wartime experience and research developments to
freight and passenger cars which will yield substantial operating
through the use of lighter weight equipment operated at
higher speeds, giving as well greater comfort to passengers."!;
',
Uiider the new arrangement for "VT" Loans, the banks
agree, not
only to supply additional working capital required currently by a
his shares of cumulative preferred stock at the
share, together with interest and costs."—V. 158,
value
$60
1283.
the
Agreement
during the
after
liability
goods upon termina¬
7'...'7
Credit
profit
vidual
economies
Telegraph
"until
assets
period
and
Subs.)—Earnings—
June
taxes
record
1,
new
Telegraph; Inc.—Merger With Western Union
of
paid
1
of
July
2456.
p.
taxes
capital
the
be enjoined from transferring
its assets to Western Union Telegraph Co., was filed in the U. S. Dis¬
trict Court at Wilmington, Del., Sept. 27, by H. Albert Young, attorney
on behalf of .Sidney Goldman, of New York City, holder of 500 shares
of Postal's preferred stock.
Mr. Goldman asks the court to enjoin Postal from the projected
transfer
income
and
shar?
per
holders
1
July
■
cents
to
Note—The provision ifor Federal
the consolidated tax return
production of passenger and freight cars, for which we anticipate
demand once materials for their construction are again avail¬
7 7.77';
"
-,' -•7 ,- .' ' 7"' 7'77.7/7.7;';'
Mr.
-
Federal Court Asked to Stay Merger—
p.
approved Sept. 28
was
-,
Bank
but
that Postal
1,
157,
:
A^On common and 1% preferred
arrangement is that which will accrue to the company and its
employees through minimizing interruption of jobs.
"Customers also
should benefit," he said, "because we should be able quickly to make
available the new rolling stock of which there is a great need.
The
national economy will be served because it will be possible to hasten
by
asking
April
cents.—V.
;
the hands of the public.
Loan
•
Approved By FCC—See Western Union Telegraph Co.—
-
Net
contractor in connection with war contracts
suit
for
"Dividends
77:
able.",;
with the first seizure of the property, there was paid
the United States authorities an amount of $6,250,000,
of the amount the new possessor was willing to pay
for
the properties.
This amount, however, need not be taken too
seriously in appraising' the return to Porto Rico Power in the event
of the property being held permanently <by the Government.
Obviously
the payment did not err on the side of generosity and, should the
case finally
go against Porto Rico Power and International Power),
the price to be paid would be subject to arbitration.—(Toronto "Globe
6 Mail").—V.
150, p. 3835.
A
50
25
1
April
—
big
a
-
indication
Postal
follows:
as
22,
of
Oct.
on
from
Provision
prbvisions
for im¬
under
working
of civilian
connection
an
as
Agreement
own
court
In
into
were
Dec.
dividend
a
payable
disbursed
operations—„ v:._
Extraordinary studio write-offs and reserves.I
Depreciation.
,
remains
a
■
1942
and
$5,
was
26 Weeks Ended—
Profit
Pittsburgh and the
Continental Illinois
National
Bank & Trust Co. of Chicago,
C, A.
Liddle, President of Pullman-Standard, said.
The company, he added,
will deal directly with each bank in the small
group participating in
the agreement.
•• ,>■-'/
.7-:
•'
"The company is
availing itself of this new type of credit," Mr.
Liddle said, "to free normal working capital for speedy reconversion
question
ment
Credit
producers'
to the manufacture
contracts
war
three-year
'.'VT"
war
cooperation of the War Department,
Chicago as Fiscal Agent, The Union Trust
taking possession of the properties of a subsidiary, the Porto
Co. was legal.
It seems probable that a long litigation
ensue,
free
the
against
Co.
Puerto* Rico, declaring that
under the "Second War Powers
Power
will
in
each;
declared
par
amount
Radio-Keith-Orpheum Corp. (&
as
Car
regulation
to
up
Department.:..
The
Juan,
Government
S.
set
mediate reconversion
1
Porto Rico Power Co., Ltd.—U. S. Seizure
the
first seven
Manufacturing Co.—$60,000,000 "VT" Loan Approved by War Dept.—Company Ex¬
pects Big Demand for Passenger and Freight Cars As
Soon As Materials Are Available, Liddle Says—
>!7/:7/7..7
$1,037,600
38,739
Income
the
''"'V! ';,7 ■;/. :7/777 7'7 /7'7 V .77
'77--:V.77;'7'7
Pullman-Standard
Gross
for
stock,
like
A
Dr2,118
Dr30
Interest, etc., deductions
total
the
;•.'77,
months
recently
common
23.
cents
passenger-miles.
In the last pre-war year, the seven-month
4.8 billion, or about a third of the current rate.-4-V, 158,
was
1283.
p.
$1,039,718
Dr 350
$103,128
revs
oper.
income
7 7, 7-
directors
the
Payments
billion passenger-miles, a greater volume than for any. full year
record, with the exception of last year's previous peak of 19 billion.
Highest pre-war record was set in 1926, when the volume/reached
figure
Net
The
on
Sept.
14.5
investments
Other
V"7
; ■
military passengers by sleeping car
with the passenger-mile volume of this
,
Company
402,098
22,916
limited-term
of
' '" 7:
Pyle-National Co.—25-Cent Common Dividend—
and
all records,
company's history.
reserve
appropriation
Amort,
42,689
27,083
taxes
Property
$5,281,644
Records
for the first seven months of the year more than 52% above
the comparable period of 1942, the previous record year.
The July
total was 2,192,000,000 passenger-miles, highest monthly figure in the
1943—12 Mos.—1942
$338,947
taxes
civilian
Traffic
company
$395,828
revenues-—-
of
continues to exceed
1943—Month—1942"
Period Ended Aug. 31—
Operating
Operating
//7 7-
7.
Transportation
Portland Gas & Coke Co.—Earnings-
Chicago—All
Co.,
Broken— 7
V.¬
Monday, October 4, 1943
$100,000 included in current liabilities.
SRepresented by 702,000 shares
of no par value.
,
1]Represented by 892 shares of preferred stock and
2,4.47 shares of common stock.—V, 156,
p. 1155,
•
:
7 :
'
installments
to
1948,
inclusive;
Mr.
Bartsch
National
V.
158,
Bank
p.
resigned
about
1075.
executive
the
hfs
ten
.
post
days
as
ago
committee.
a
to
Vice-President
accept
this
of
new
the
Chase
position.—
Volume 158
THE; COMMERCIAL: & FINANCIAL CHRONICLE
Number 4217
v
Reading Co.—Earnings—
1
•
St. Joseph
'
'Maint.
of
way
Maint.
of
1,095,870
1,868.556
■-Traffic!—-—.,-.^....transportation
Misc. operations :,//_//*•■ '
'General
817,736
8,066,845'
1,589,925
2,743 429
14,940,858
637,054
25,390,463
'
242,898
1,364,777
See
12,796,594
595,719
21,811,173
210,846
70,3821
27,209
31,103
174,686
expenses ;-z—~
136,793
Ry.
fr.
rev.
Total
1,157,713
tax
Other
Net
Ry. oper. income—
tEquip.: rents—Net Dr..
facil. rents—Net £>r_
$2,138,665 $13,353,893 $14,524,531
49,326
891,077
1,269,679
$1,009,508
32,875
Jt.
18,925
ry.
income
Net
ry.
3,806, 345
3,208,308
2,358,535
2 676,354
16,293, 874
14,004,247
14,664
15,495
' 136, 433
'
127,125
Total
income
$2,373,199
from
inc...-
4,035
5,071
39,849
122,765
•;!'■ .-vVl/V; :'r-;.
fBalance available for
'"OV/
158, p. 897.
$2,368,128 ! $2,687,814 $16,390,458 $14,008,607
fixe^i charges
,
"Includes
Securities Corp.—Files Petition to
Reorganize—Trustees Appointed—,
<
Associates
Realty
The
corporation
Sept.
on
period
for Aug.;
$53,002
1943,
t After
directors
board of
announced that the
29
31,
Aug.
vat its regular monthly.meeting, held on Sept, 28, authorized the filing
■
for
repairs
deductions
Jan.
to
1
of
Aug.
1943,
$555,897 for period Jan.
and
of flood damages,
$1,004,634
31,
in
a
petition in a Chapter X proceeding in the Federal Court in
Brooklyn. N. Y.,; for the. reorganization of its bonds amounting to
$5,700,000, which matured on Oct. 1.
' ;;
v'VV:.;' c'V!
'v:-V'-:
San Antonio
•August—
Gross
of
principal
at
and
once
payment
from
Net
in
1943;. and
Aug.,
income
$6,061,879 in
compared
taxes
ry:
from
Net
1942
1941
$208,206
$127,132
.'$99,917
119,844
59,851
11,979
*1,559
24,527
20,504
y *21,271
*81,362
1,712,754
1,170,320
902,953
income...
railway
railway
1940
,
434,240
98,078
"229,542
'■V
59,883
27,658
*194,958
Net
ry. oper. income.
0Deficit.—V. 158, p
■; "
period of the court proceeding.—V.
158,
p.
Red Rock Bottlers
;
Gross
■f
.
profit
'
-
•
1943
cost
inch
of
Administrative
"Provision
166,687
and
and
(,
58,724
:Vz.-Z.^z~
taxes
Divs.
income
$27,182
$78,213
paid on 6%
19,467
pfd. stock——/——/
cum.
Balance
at
of
beginning
Other
$27,182
195,888
at
of.
end
year.i:
Balance
1943
Treasury
and
Notes
,
i
receivable
In ven tor ies
.,
4
Non-current
Property
notes
and
and
receivable.—_ Vz V
accounts
V
■
and
bottling
rights
Accounts
payable
•
Preferred
6%
cumulative
stock
Common
after .one
•
—
stock
Richmond
from
Net
from
Net
ry.
"
288^227
93,023
,! *'
24,766,470
14,843,515
2,703,262
from
from
$409,017
$125,683
50,688
$216,970
1940
$710,646
$1,124,090
460.773
237,406
1,581,192
1,800
1,853
8,153
8,845
$2,
par
176,281
previous dividend j/was
p.
Oct.
one
15
of
10
to
17,184.511
9,136,547
3,657,887
A
dividend
1,853,351
1,868,163
604,456
which
Oct.
on
Dividend—
first
the
were
Rutland
from
Gross
Net
from
Net
ry.
cents
paid on Dec. 27,
1941.—V. 154,
From
Gross
Net
Net
3,010,312
2,810,146
2,480,658
58,321
52,500
52,500
210,000
210,000
Natural
69,515
69,137
278,380
276,549
Manufactured
$148,722
$5,493
(less
■
$41,000; cash in banks,
for doubtful accounts of
hand,
on
reserve
ry.
3,010,312*
314,248
158,
p.
of
T.$308,949; accounts
$16,074), $132,062;
to
of* fixed* assets
replacements
and
2,810,146
2,480,658
510,458
288,490
of
168,008
150,334
369,092
125,351
the
share
per
7%
cumul.
record Sept.
has
been
preferred
declared on account of
stock, par $100,:.:payable
by Congress to hear complaints
V.
share.—V.
against
Net
from
Net
ry.
From
1941
ry.
$884,390
such
record
year,
2257.
378.668
$510,119
103,204
income..-
176,455
215,362
68,816
up
to
income
additional $2.50 per share
an
per annum.—
v!/'-'%.;■!
income
Federal
1942.
a
dividend of
on
50 cents per share
on
the
u/^ ^
'v/'
*
Ended
■'
July 16—
sales
net
V—
wz-_z
'>.v
^.
...
1942
1943
g
J
.
/
,
—365,053,503 383,192,789
after
charges and taxes
shares of common stock.
per
p.
share
—
,———
—
*14,280,747
5,820,000
$2.45
of $20,237,000 for income and
excess
15,940,773
5,777,499
$2.76
profits taxes.
preferred
at
as
July
1,
(& Subs.)— Earnings—
!
t ;
1943
1942
$12,626,301
43 713
65,074
,
2G'l71
—
$14,016,453 $12,701,185
rJC 3,261,518
3.190,573
2,184,776
1,935.784
-
charged to construction Cr~.
and
25,424
amortization.
taxes
excess
Net
864,725
105,366
—
taxes_:
—L.//—
75,759
,
1,358,490
:
10,200
profits
earnings
Other
66,435
322,969
1,983.681
775,191
taxes
-T.
Federal
■
338,510
2,■8*0,942
1,209,600
77,300
$3,146,885 : $3,107,229
181,821
192,625
income
.
Gross
z—ii'iizL--„. $3,328,706
long-term debt
I_I
602,029
.income.
Interest
on
Miscellaneous interest, etc. ——Ij';
Interest charged to construction^,
Omort.
of
Cost and
debt
discount,
&
16,594
expense.
1,554
636
62,225
25,203
income
Consolidated
709,014
Cr33,141
of natural gas exploration./
deductions,—
expenses
Miscellaneous
premium
$3,299,854
20,657
net
36,019
income,,
$2,606 221
$2,581,548
1,620,528
1,409,153
Dividends
special
and
prior
amortization
periods,
of
$1,532,224
and
respectively.
$610, 458
v /".'
;
Earnings of Company
in
the
f
12 Months Ended June 30—
Natural
7,749,557
5,098,348
(Denver)1.50 ,Div.
dividend of $1.50 per share on
1st preferred stock, no par
value, to.holders of record Sept, 20. A similar distribution was made
on April 1, last,
and on April 1 and Oct. 1, 1942. Arrears as at April
1, 1943, it was said, amounted to $37 per share.—V. 157, p. 1188.
corporation
of
on
Oct.
accumulations
on
1
paid
1,802,343
1,614,045
2,285,535
1,266,646
1,111',175
1943
1942
$12,513,981
$11,295,402
3,630,582
3,411,979
•,'/
1,492,657
1,323,382
(Cr)
14,422
purchased.,,
gas
■
expenses
charged
to
construction
Net
Other
for
246,937
1,810,006
70,058
1,271,964
1,097,000
$2,554,604
and
2,648,384
86,520
income
amortization—
I,——I
depreciation
than
$2,670,398
taxes
581,310
"taxes
income
Federal
39,564
262,379
other
income
taxes
earnings
—,,z_zz^_.,;z^zzzz,—'III—
income
Gross
706,204
\ 250,302
367,975
$2,804,907
income
llnterest
on
long-term debt—_zz!
■Miscellaneous interest, etc.
Interest charged to construction
Amortization of premium on debt
Cost
and
expenses
of natural gas
income
$3,038,374
"Including
current
and
541,171
-
3.870
Cr7,067
■CCr33,140
%
Cr6,014
12,925
•
exploration.
27,679
49,264
ik
special
645,990
12^978
-
deductions
$2,180,881
income
amortization
prior periods,
Balance Sheet,
of $1,532,224
respectively.
and
$2,414,744
$610,458
in
tie
June 30, 1943 (Company Only)
Assets—Property, plant and equipment, $42,305,569;
investments,
$4,596,011; cash, $1,663,575; U. S. Government tax notes, $900,820;
customers'
accounts
receivable, $716,202;
subsidiary and affiliated
companies' accounts receivable, $178,916; miscellaneous accounts re¬
ceivable, $14,641; materials and supplies, $568,384; prepaid taxes, in¬
surance, etc., $41,426; deferred charges, $197,099; capital stock expense,
$61,292; total, $51,243,935.
quarterly dividend of 15 cents
value, payable Oct. 1 to
Sept. 16. Like amounts were disbursed, on this issue
011
April 1 and July 1, last, as compared with 25 cents per share
each quarter from Oct. 1, 1941 to and including Jan. 1, 1943.—V. 157,
directors
share
holders
■
p.
2353.
of
on
on
the
record
Liabilities—Capital stock ($7.50 par), $10,569,091; premium
mon
stock, $2,380,275; long-term debt,
$324,012; due to affiliated companies,
than
income
taxes, $362,770;
$16,946,000;
$36,287;
accrued Federal
accounts
accrued
and
State
on
com¬
payable,
taxes,
other
income
taxes,
$1,619,082;
accrued interest .on long-term debt, $124,624; miscellaneous
taxes, $62,144; premium on debt in process of amortization,
net, $68,722;. reserve for depreciation and amortization, $12,603,722;
capital
surplus, $1,237,573; earned surplus, $4,909,635;
total, $51,-
Sept.
15 declared
common
stock,
243,935.
f
Consolidated
a
the $6 cumul.
Seven-Up Bottling Co., St. Louis, Mo.—Dividend—
The
4,877,005
3,438,806
1,927,145
Only
v
revenue
accrued
1076,
Security Investment Trust, Inc.
The
121,885
6,049,345 '
etc.
income
Miscellaneous
.%
Co.—50-Cent Distribution—
declared
made
provision
158,
account
per
158','P. 991.
share
per
first
50,184
depreciation
than income
other
State
State
11.
J;!/ '■
Surety
was
Weeks
"After
92,695
11,085,40.2
cents
$13,901,195
for
"Provision
30. A similar
15, last.
Payments in 1942 were as
May 15 and Nov. 16, 50 cents each; and Dec. 26, 80 cents,—
Earnings
—V.
January 1—
income.—
Taxes,
preferred
Oct.
;
directors have
Outstanding
$485,004
538,973
oper.
40
...Maintenance,.'-
1940
$1,229,714
from railway!
Net from railway—:—x
Ky.
.
Net
Ry.—Earnings-
railway-
Gross
of
cumulative
'
"Provision
Taxes,
v.;.--
administration of the
railway......
oper:
$5
Maintenance:
28
Sept,
on
convertible
of
Consolidated
contention
St. Louis Brownsville & Mexico
Gross.from
dividend
a
the
on
Operation;';v
Operation
158, p. 93.
Sears, Roebuck & Co,—Earnings-
that the order is arbitrary and in viola¬
control law because it would force the chain either to
(1) break away from its established policy of identical prices in all
stores, or (2) force it to sell at the lowest ceiling in stores of different
sizes in order to maintain this policy.
The OPA has asked the special court to dismiss Safeway's objections
to the price order.—V. 158, p. 1284.
-
—V.
to $82.25 per
Schulte, Inc.—To Pay $5 Initial Dividend—
158, p. 1284.
24
of the price
1943
Lexington,
gas
General expenses
15 to holders of record Sept.
legal attack upon the Office of Price Administration's price ceiling
.
Inc.,
Preferred Shares—
operating revenue—/—^
gas purchased___„^
April
by store sizes, for household soaps and cleansers.
Net
amounted
Arrearages
.
August—
Trust,
on
paid
accumulations
sales,
Operating
Like amounts were paid on Jan.
25.
distribution
Stores, Inc.—Opens Legal Attack On OPA
Ceiling" Policies—
^
■(;
is Safeway's
"Total
current
Inc.—Accumulated Dividend—
capital stock, payable Oct.
1178.
price control law, to consider an OPA order fixing retail price ceilings,
It
1943,
the
157; ,p.
The
*74,074
Safeway has requested the United States Emergency Court of Appeals,
tion
(less
$74,569;
payable,
$1.75
on
Seaboard
2,331,608
<
policies, as "arbitrary and capricious'' has been launched by the com¬
pany, which may lead to a Supreme Court test of the way OPA has
exercised its authority to impose ceiling prices,
created
1
'
(deficit), $2,702,786; total, $13,431,768.-)-V.T58, p. 1178.
holders of
on
follows/
A
Oct.
on
gas
Natural
depreciation of $1,832), $35,065; total, $13,431,768.
directors
each
V.
Safeway
Price
Investment
board of directors,
*8,115
income—
oper.
"Deficit.—-V.
•
$491,604
$206,460
Net
.
653,074
552,672
12 Months Ended June 30—
accumulative semi-annual dividends at the rate
of $5
per
annum
provided, ^however, that during the three years
commencing Nov, 1, 1940, the dividends on the convertible preferred
stock shall be accumulated only at the rate of $2.50 per annum plus
such amount as'may be earned in each of such three years in excess
of $2.50 per share on the number of shares outstanding at the end
23,493
41,764
41,029
railway—
railway
601,198
Southern Natural Gas Co.
bonds
holders
the
2,331,608
76,048
54,324
railway—60,749
from
from
48,867
on
139,583
declared an,initial dividend of $5 per
stock/ par $25, payable Nov. 1
This dividend is payable out of net
profits of the company for the fiscal year ending Oct. 31, 1943.
The certificate of .incorporation provides that the convertible pre¬
ferred stock shall
be entitled to receive,
when and as declared by
1940
1941
1942
income—
January 1—
704,604
Sept. 23 granted the company an additional period of
and after Sept. 22, within which to further amend its
plan of recapitalization.—V. 158, p. 1076.
$134,528
July 15,
share
1943
railway—-.
57,045
from
income
to
The
RR.—Earnings-
oper.
SEC
days
135,250
(D. A.)
last,
August—
1943,
General
holders
15,
of
$417,171
for
5
at
as
been declared on the common
holders of record Oct. 11,
The
per
to
$2,580,158
61,713
par
34,875
dividend
A
share has been declared on the common
of record Oct. 5.
A like amount
and on April 15 and Oct. 15, 1942,
payments since April 1, 1938.—V. 157, p. 1188.
15
April
$2,507,487
value, to holders of record Sept. 22.
A like amount was
on April 1 and July 1,
last, as against 75 cents on Jan. 2,
Payments during, 1942 tvere as follows: Jan.- 2,
$1,50; and
no
$7,790
accumulations
Avenue, Inc.—25-Cent Dividend—
25 cents
of
payable
disbursed
account
32,708
Schaffer Stores Co.,
1,640,233
to
was
1943—12 Mos.—1942
$235,598
re¬
accruals
corporation
"Including
A
stock,
-Earnings—
1943—Month—1942
$226,431
53,427
$149,231
earned surplus
6,402,903
9,661,021
58.
Russek's Fifth
$30,994;
1178.
p.
mtge.
86,901
Oct.
payable
158,
amended
dividend of 25 cents per share has
stock,:
charges,
'
Roberts Public Markets, Inc.—Resumes
A
deferred
$1;
and
April 1, July 1 and Oct, 1, 40 cents each,
Arrearages
1943, amounted to $22.72 V2 per share.—V. 158,
p. 94.
30
5, April 3 and July 6,! last, and on July 3 and Oct. 3, 1942,
;4'
good will,
$6,710,627.
total,
income
The
accrued expenses, $107,247;
credit
balances in accounts receivable, $20,001; principal installment
on
first mortgage due ofct. 1, 1943 (less payments made on account
on April 1
and June 1, 1943; $100,000), $40,960; available net income
to be deposited with trustee on or before Sept. 20, 1943, toward pay¬
ment of interest due Oct. 1, 1943 on the income bonds, $139,969; re¬
serve for additional salaries and wages from
June 1, 1943 to July 31,
1943 (subject to approval by the War Labor Board), $10,660; cumula¬
tive interest at 3% on income bonds dated Oct. 1, 1936, $1,295,031;
security deposits and business rentals received in advance,
$7,775;
funded
debt, $9,559,040; class A common stock
(par $1),
$82,050:
class B common stock (par $1), $27,350;
capital surplus, $4,769,901;
Dr89,954
195,888
1941
$2,519,478
1943
disbursed
■
Dr20,954
1942
330,316
income__
$5,937
dis¬
Liabilities—Accounts
250,227
Potomac RR.— •Earnings
$3,081,745
1,836.862
railway.^
$147,432
$7,098,828;- additions
reserve
'
&
:
52,357
loss
-703),
62,375
80,000
—
....
1943
railwayrailway--—Net ry. pper. income—
V. 158, p. 991.
•
Net
'
Fredericksburg
From January 1—
Gross
!
7,875
————
(par $100)
7~840
50,688
railway
oper.
47,257
receivable, $2,289; inventories of food and beverages, $83,053;.
investments, $10,001; other inventories, $56,819; prepaid and deferred
charges, $36,796; interest reserve fund, $9,406; land, $5,617,500; build¬
ing, furniture and equipment (less reserve for depreciation of $1,866,-
.31,970
10,856
137,142
August— !;■
Gross
125,097
—/•!//_
VOt150, ~p" 274l"
324,153
14,406
notes
54,000
(net)...,
premium
322,650
12,550
income
Assets—Cash
19,713
$406,147
Donated ..surplus
Stock discount and
'/Deficit
27-, 500
year
$3.38
payable—banks
after
res.
first
on
on
Net
';y:
$l'u—zzZ——I,/-.----zy_z'.
(par
1,806,486
73,417
etc.
receivable
income
on
$3.63
Aug. 31-
income
Distillate
$216,970
.A---.-———-—:
Advertising, etc.
Notes payable due
$2,308,679
1,983,374
60,002
„/»/;,/—*
Federal and State taxes
$2,762,298
431,966
Depreciation
107,955
—yyV-,~yi—
payable
$525,725
Balance. Sheet, July 31, 1943,
'
$3.99
revenues^—
4,269
54,829
—-
/y
y
Inter,
V"'. 3,185
60,002
charges.
>' Liabilities—
'
11,130
3.611
.
—
Total
Notes
16,348
$406,147
Deferred
Franchises
106,300
$3.18
Sheet, June 30,
Sierra Pacific Power Co.
on
468,062
income
Total
15,545
67,058
!//- ,z
equipment
$11,550;
Period Ended
stock,
1943—12 Mos —1942
81,000
cash
income,
Interest
78,430
....
-
$4,750,842
105,300
1942
$9,668
25,000
yz;
accounts
Other
Sheet, April 30
$106,087
S.
$4,816,399
105,000
$327,845;
assets,
assets,
Southeastern
$709,043
;A;-——
operating
counts,
Assets—
U.
$4,859,798
104.800
Cr9,320
4,689,490.
Southern Colorado Power Co.—Extension Granted—
$195,888
year
Net
Deficit
$4,879,640
_
—Pays 40-Cent Dividend
ad¬
taxes
taxes
Cr620
4,750,842
brokers, $500,000; accounts
payable—trade, $327,524; Federal, State'and city taxes—current, $925,267; miscellaneous payable, $64,583; accrued liabilities,
$102,396; long
term debt,
$40,000; reserves, $446,739; capital stock (125,000 shares,
no par),
$2,000,000; surplus earned. $2,879,640; 20,200 shares of treas¬
urystock, Dr$595,522; total, $6,710,627.:—V, 157, p, 2257.
223,071
$137,142
estate
$52,032
capital
par
fixed
—V.
397.
p.
1943—3 Mos.—1942
ministrative Vexpenses
.
$58,747
158,
revenues
Operating and gen.
>— Z—
V.
Real
(Deficit
per
Period Ended July 31—
Operating
Net
!
no
tirement
Savoy-Plaza, Inc.- -Earnings—
43.328
53,340
income
State
307,063
937'
in banks, $879,665;' marketable securities, $8,617; notes
and accounts receivable (less reserve for
losses), $1,395,038; post dated
checks and other
receivable, $11,345; merchandise inventories, $4,045,-
Oct.
.15,'1943.—V.
Jan.
$64
Dr7,163
Balance
The
84,573
V
expenses—y—z/zzz
general
Federal
for
>V
of
Operating
$155,084.
'r
deducting
after
1942
$356,964
sales,
on
; products, sold
Selling! expenses.
cents
payable
$50,561
$359,095
4,816,399
outstanding
Earnings per share.—-,
8,135
share has been declared on the common
15 to holders of record Sept. 30.
A
similar distribution was made on April 15 and July 15, last, compared
with 22 Ms cents per share each quarter from Oct. 15,
1941, to and
Inc.—Earnings—
Years Ended April 30—
20
$10,
par
317,325
Cr 676
Balance surplus
Net
dividend of
stock.
$382,262
368,200
4,859,798
capital & surplus-
Shs.
San Diego Gas & Electric Co.—20-Cent Dividend—
;
584.
$418,761
v
$19,167
Adjustments
Gross
A
t
-Net surplus
*237,759
991.
.
•
100,000 ".
805,408
——
January 1—y
from
165,780
C?'25,419
314,550
Liabilities—Notes
RR.—Earnings-
:1943
oper.
From
Gross
328,753
Cr26,475
150,000
$333,717
573;
$287,409
railway—
railway
916.819
Cr20,445
100,000
.
to
158, p. 1284.
Uvalde & Gulf
.
from
Net
four instalments of
/accrued interest amounting to 20% on its bonds. About two-thirds of
; the bondholders approved this plan, but the company was unable to
put the plan into operation because a minimum of 80% consents of
bondholders was required.
:•./y '■> .Federal Court Judge Moscowitz has appointed Hunter L. Delatour
..-of 185 Montague St.j, Brooklyn, N. Y., Raymond Reisler of 50 Court
St., Brooklyn, N. Y., and Jerome Thralls of 33 Liberty St., New York,
.N. Y., as trustees to handle, the affairs of the company during the
15%
940,492
'
other
The
company has been endeavoring for the past two
months to
;extend its bonds under a voluntary plan which provided for a payment
of
income
1,625,016
Assets—Cash
estimated
for
1943,
with' $400,000 in period last year,—V.
1
,
of
,
Net
1940
.
$2,124,472
en,554
stock
•
—V.
$2,497,290
1,712,750
$2,691,849 $16,430,307 $14,131,372
$2,063,767 $12,198,078 $13,035,758
$957,708
income.
oper.
,V 431,716
—
1941
1,746,473
Inc. & loss adjust, (net)
Res. for contingencies—
Pre v.
Deductions
*'
17,920,033
486,578
income..--;
oper.
1942
$3,211,603
1,677,665
Dividends paid
22,479, 221
;
1943
$3,050,321
.
_—„—
,
2 ,397,300
2,932,054
expenses •
Other
228,094
264,738
25,572
1,036,451
1,604,247
Transport, expenses..—
.9.996,488
12,789,627
1,639,926
2,459,497
accruals——_T.
wa^ & struc.
equipment—
of
System-
1943— 12 Mos.-n.942
$8 148,912 $73,251, 655 $53,815,611
740,404
8,144, 079
5,594,641
12,305, 627
1 ,424,493
9,601,662
Inc.—Earnings-
Years Ended June 30—
earnings
Sell., adrn. & gen. exps,
Prov. for Fed,. State &
city ' taxes '
1509,
p.
31— v 1943—Month- -1942
revenues.:.,. $10,004,185
oper.
'■Maint, of
$3,778,591 $26,143,520 $24,521,019
$3,469,005
opers.
ry.
156,
Seeman Brothers,
V
-
Gross
Louis-San Francisco Ry.— -Earnings of
St.
Period Ended Aug.
Maint.
'
Net
Central RR.—V.
York
New
i
5,441,792
80,923
3,218,801
equipment
struc.
&
.
.
South Bend & Southern RR.—Purchase of
Properties by New York Central Approved—
1943—8 Mos.—1942
1943—Month—1942
,164,065 $76,786,415 $66,534,856
Ry. operating revenues/;'$9,938,944
period End. Aug. 31—
1383
a
no
par
Balance
Sheet,
June
30,
1943
Assets—Property, plant and equipment, $49,653,492; miscellaneous
investments and special fund, $116,880; cash, $2,223,355; U. S. Govern¬
ment securities, $1,267,040; accounts receivable (less reserve for un¬
collectible
accounts of
$84,669),. $1,064,982; materials, supplies and
merchandise, $728,796; prepaid taxes, insurance, etc., $81,884; deferred
charges, $286,829; capital stock expense, $61,292; total, $55,484,549.
Liabilities—Common
common
able,
stock,
$374,439;
$128,719;
Federal
term
accrued
and
stock
($7.50
State
taxes,
income
other
taxes,
than
$10,569,091;
par),
$2,380,275; long-term debt,
customers'
deposits and
income
$1,878,523;
premium
on
$18,287,000; accounts pay¬
accrued interest thereon,
taxes,
$443,680;
accrued interest
accrued
on
long-
debt, $149,018; miscellaneous accrued liabilities, $76,834; premium
THE COMMERCIAL & FINANCIAL
1384
of
in-aid
contributions
Southern Pacific Co
■Earnings—
1943
Augustfrom
Net
Net
ry.
railway..
railway
from
(net)
construction,
$5,946,447;
237,573; earned surplus,
Gross
$63/722; reserve's, $13,903,775-;
$35,453;
capital surplus, $1,total, $55,484,549,—V. 158, p. 833.
amortization
debt in process of
on
1940
1941
2,810,028
4,939,741
6,669,554
3,578,980
From January 1—
railway...
from railway:.—.
Net
ry,
41,279,931
income.
oper,
145,704,343 110,840,528
.49,131,948
27,960.919
41,885,343
31,227,143
11,973,945
305,888,734 223,759,419
120,650,018
84,752,620
from
Gross
Net
.
Orders Equipment—
••
the placing of orders for 500 gondola cars
and 19 diesel switchers of 1,000-hp. each.
Cost will be $1,760,000 for
the cars Which are scheduled for second and third-quarter delivery
next year and $1,495,000 for the diesels on which no delivery time is
set.
The company recently had 18 diesel switchers out of latest orders
The
announces
company
undelivered.
.
Vernon
The.Mt.
Manufacturing Co,
Car
,
,
Southern Ry,-
-Week End. Sept.
6,255,549
6,087,677
advertising
$39,149;
supplies,
receivable,
account
receivable,
affiliated
$119,694;
affiliated
Net
allowance
for
furmulae,
•','■•
049,984. ;'
copyrights,
'■<.,'.
Liabilities—Note
dividends
;■■••,
,;
,.
payable,
payable,
mortgage
money
•„;
.
etc.,,
."
i
*.
>•
—V.
158,
advance
400;
unfilled orders, $2,305,687; provision for Federal
income, $2,149,768; notes payable to banks, $1,245,-
on
capital stock,
common
surplus, $3,726,496;
237,208,500 188,138,486
total,
$591,346;
capital surplus,
$18,049,984.—V.
158,
Steel Co. of Canada, Ltd.—New
George S.
Southwestern
Electric Co.—Gets SEC Permis¬
Gas &
director
a
and
sion for Deal With United Gas—
a-
Vice-President
found
pany Act.
Proceeds
of
the
would
sale
used
be
by
said
Electric
Power
&
Light
♦Earnings
♦On
(Electric Bond
Corp.
/ :"
V
'
and gas distribution businesses, known as the Gulf
Cities properties, are located in and near the cities of Biloxi, Handsboro, Gulfport, Mississippi City, Long Beach and Pass Christian.
The SEC found that the properties were more than 300 miles from
the nearest electric properties of the Middlewest system and that they
had no "substantial relationship with any principal: system to which
The
It
was
may
Gulfport
Biloxi,
for
communities
nated
when
for
tions
and
of
two
of
total
a
Christian
Pass
the
in
negotiations
but
failed
communities
to
obtain
municipal bond issues to finance the
was
termi¬
were
approval at' elec¬
The sale
acquisitions.
the $850,000 askec| by Southwestern
and the $775,OGO offered by United
a
Gas.—v.; 158, p. 777.,;
an agreement with
properties in those
purchase
§1,025,000,
compromise between
negotiations with United Gas
price
to
''.a'T'r-'
in
late
H.
T.
Diplock.
$284,744;
earned
Net
The
New
following
has
stock,
distribution
similar
Feb.
on
value,
par
no
share has been declared
per
payable Oct.
made
was
1943,
20,
dividends
first
cents
30,
Sept.
on
These
1942.
15,
the common stock since 1931.—V.
on
the
are
157, p. 2354.
1943
July 31—
charges & taxes
share_^__
York
and
Stock
of
1942
1941
$666,335
$139,238
$0.80
Exchange
$0.36
and--the
Oil
Superior
the
or
$1):
the
the
to
Aug.
12,
providing
1943,
or
The
shares
of
of
version of
the
the
stock
common
held
into
shares
tion)
6/10ths
from
Gross
Net
ry.
railway
$149,440
railway
I.*.!-42,409
from
Net
income.—
oper.
1940
$93,363
$85,690
93,766
36,586
34,774
41,830
24,000
24,560
$182,493
from
Oross
Net
from
ry.
of
—V.
railway
158,
p.
of
stock
common
share
a
of
of
common
1,356,053
937,181
631,616
417,329
202.977
131,818
221,813
125,279
the
of
the
on
corporation
con¬
(except
called
be held
to
the corporation.
Oct.
on
the
The
the
6,
.
1943.
of merger provides that
shall remain outstanding.
Earnings of Sunray Oil
r
outstanding
the
shares
of
>: v'v
(inch
Corp.
Subs.)
6 Mos. End.
Standard Gas & Electric
Electric
output
of
the
public
Standard Gas & Electric Co.
totaled
192,257,000
kwh.,
corresponding week last
as
June
Co.—Weekly Output—
utility
operating
companies
the
system for the week ended Sept. 25, 1943,
compared with 164,856,000 kwh. for the
year,
increase
an
16.6%.—V. 158,
of
after all charges but before taxes
for
Provision
Federal
income
taxes
A
the
300,000
shares
large portion of the
staffing the
debt
102,000
share
common
of
{
-
stock.
common
1942-43
company's principal
fscal
year
plant
at
■
Port
205,000
$0.53
$1.26
•:
;
spent in
J. Sorensen,
Clinton,
Ohio,
to
Net
Acting Treasurer, has been advanced to Treasurer.—
u
August—
from
from
Net
ry.
Gross
1943
1942
1941
ry.
$139,390
27,430
13,182
142,138
90,177
*7,281,
income
railway
railway
'
2.777,775
1,604,056
1,260.991
435,086
787,222
income
•Deficit.—V. 158, p.
131,187
oper.
*18,362
1,179,760
1,063,294
157.918 * V
The corporation
The
for each share of
Consolidated
Stokely Foods
Account,
Ended
May
1942
1941
1940
allows., frt.& cartage- $43,590,614 $42,113,686 $21,610,234 $20,733,983
of sales
36,731,911
33,353,091
17,533,152
16,983,115
Cost
$6,858,703
from
farm
fert.
prof, from oper.
and selling exps.
Admin,
and
gen,
$8,760,595
$4,077,031
117,752
60,312
79,196
29,777
$6,976,455
$8,820,907
$4,156,278
$3,780,650
1,882,077
2,815.146
1,777,582
1,628,116
1.152,605
1,024,484
644,302
„
$3,750,873
oper.,
bags, etc.
Gross
Adver.
41,386
25,000
$818,712
$853,276
each
exps._
Other
excl.
proft
operations
of
.
$4,981,278
$1,734,394
Dec, 21,
270,788
231,127
271,153
have
59,101
105,000
t470,252
declared
have
Founders,
' ■■
called
been
S.
for
has
McKee
Elizabeth,
Inc.,
Tennessee
Federal
■:
■.
,v
redemption
as
net
divs.
income-
(cash)
line
Its
a
from
Gas
&
been
1940
$193,400
162,352
3,163,947
1,814,415
p.
128,309-;
73.487
20,859
38,990
1,825,230 r
1,529,737
1,817,143
668,058
746,600
486.712
1,578,029
438,842
260,036
211,874
______
income
1078.
the
on
March
on
March
cumulative
of
record
and
15
30
dividend of $3.50 per share on account
a
.7%
holders
to
directors
the
on
30.
May
and
June
preferred
Sept.
28.
stock,
$100,
par
This compares with
last.
24,
Payments in 1942
$2.50 each; Sept. 30, $3.50;
■'.'■■•
9,
!
1854.
Coal
Co.—20-Cent
common
and
June
directors
declared
29
stock,
a
payable
distributions
this year.
cents
The
Sept.
on
Similar
$3
were
and
Dec.
made
were
Common
dividend
10
on
Dividend—•
of
20
cents
holders
to
March
10,
of
June
per
record
10
and
Payments during 1942 were as follows: March
10, Sept. 10 and Dec. 10, 20 cents each.
also
declared
11,
usual
the
quarterly dividend of $1.37 Va
per share on the 5Vs% preferred stock, par $100, payable Dec. 15 to
holders of record Dec. 4.—V. 158, p. 1078^ !
■'
Twin State Gas & Electric
Central
The
Vermont
company
the
on
cents
7%
Public
preferred
|
157,
p.
Transmission
to
the
cumul.
of
Co.—Merger-
Service
Corp.—-V.
158,
p.
1285.
Corpus Christi,
Tex:,
been estimated
Commission
at
1,228
of
and
its
with
respect
Arrangements—
miles
dividend *of
a
29.2
-
cents
share
per
cents
the
on
8%
preferred
157, p. 2158.
,
stock
;.,;7/■' '
made
were
">
Union Bus Terminal & Garage Co.—Bond Call—
above company has elected to redeem first mortgage 6% bonds,
1, 1928 (Nos. M-240 to M-350 incl. for $1,000 each and
D-100 incl. for $500 each, being bonds maturing in the years
dated
D-75
Dec.
to
1948,
1949,
announced
is
1950 and
1951)
by
Colo.—V.
as
Amos
127,
C.
of Dec, 1,
Sudier
3721.
p.
&
v
1943,
Co.,
at
102 x/%
and
investment
interest,
bankers,
of
:.
Union Pacific RR.—Earnings—
(Including leased lines)
Railway
oper,
revenues
Railway
oper.
expenses
Net
rev.
from
operations
to. construct a
1943—Month—1942
$
$
43,236,391
25,404,628
-1943—8 Mos.—1942.
$
,
$
33,511,055 306,247,441 202,713,459
19,732,582 185,562,737 134,633,979
railway
.
Taxes
-
& joint facility
rents
(net charge)—
Equip.
17,831,763
13,778,473 120,684,704
68,079,4^0
*13,419,963., *7,279,295 182,945,806 136,312,207
'
■
1,325,577
1,091,681
8,194,709
6,285,316
5,407,497
29,544,189
25,481,957
1,276,637
10,602,069
9,143,083
4,488,605
6,684,134
40,146,258
34,625,040
1,140,976
1,168,028
9,518,567
9,519,219
5,516,106
30,627,691
25,105,821
$50,000,000.
previously had
requirement, but that Tennessee must show
to
46.7
Aug. 31—
v."1 :.
:
Sept.
paid
preferred A stock, par $10, and a dividend of 33.4
the 8V<> cumul, preferred B stock, par $10, both
Sept. 23. Distributions of 40.8 cents on the 7V»
Period End.
1950.
announced that it would authorize
the concern to build the line.
Now, however, it imposed as a condition
to issuance of a certificate that the company submit for approval the
plan for financing of the line.
It said that a contract between the
Chicago Corp. and the company constituted substantial compliance
with
on
30
record
May 27, last.—V.
The
and Works
Co.—Pipe Line Plan
announced
company
Sept.
on
share
per
holders
Denver,
appointed. Vice-President
J.—V.
N.
Commission
Power
certificate
cost has
Texas
Gross
firm commitments
Net
income
fr.
trans¬
3,086,223
portation operations
Income
from
invest.
other
Total
&
sources
income
1,402,382
-
Fixed and other charges
financing.
Mexican
Ry.—Earnings—
348,033
334,809
Net
from
210,526
Net
ry.
107,708
$1,080,536
$1,711,232
$715,589
$329,642
276,325
51,482
From
tIncluding amortization of $222,767 in 1943 and $129,669 in 1942.
oper.
from
Net
from
rv.
—V,
railway
railway
,
income—
railways-
railway.-.
oper
158, p.
all-
from
3,347,620
sources
1940
1942
1941
$176,684
$132,726
$134,796
$84,785
81,229
42.065
58,935
17.933
Federal
income
and
60,902
29,286
50,953
9,154
Federal
income
taxes
1,395,985
1,143.715
889,553
573,441
January 1—
Net
income
1943
from
201,131
1941
$263,158
195,933
203,220
$5,—V. 157, p.
Sept. 10,
of
25 conditional issu¬
natural gas pipe¬
to Charleston, W. Va.
It
stipulated that construction must be begun before next Feb. 1 and
completed in time for operation of. the line in the winter of 1944-45.
of
Gross
Consol,
Preferred
1942
$349,637
230,190
Truax-Traer
The
a
Talbn, Inc.—New Vice-President—
238,514
•
RR.—Earnings—
$408,339
railway
railway
it
182,005
2,129,600
865,050
$515,868
Tyler Fixture Corp.—Preferred Dividends—
Nov. 1, 1943, a total
of $72,000
of 314 7c
sinking fund debentures due June 1, 1957, at
103 and int.
Payment will be made at the Old Colony Trust Co.,
trustee, 45 Milk St., Boston, Mass.—V. 158, p. 778.
:l
2,347,000
142,347
for Fed. taxes, est.
865,050
Sale
of .all
capital stock of the Youngstowh
(Ohio)
Municipal
Railway Co, and the Akron (Ohio) Transportation Co, to A. C. AUyn
& Co., Chicago, investment brokers, and the Equitable Securities
Corp.
of Nashville, Tenn., by the corporation, a subsidiary of the Common¬
wealth & Southern
Corp., was announced Sept. 28 by Richard N.
Graham, operating head of the two companies,—V. 158, p. 399.
see
August-
1571.896
Int., exp., net of int. inc.
2,274,552
$1,380,918
Transportation Securities Corp.- -Sale of Transit Systems—*
A'.':A;..
Sylvania Electric Products, Inc.—Debentures Called—
$1,253,838
17,395
(net),
Depreciation
Prov.
2,308,913
$2,721,581
698,697
$3,941,773
interest
182,236
$175 ,48 i
1943
oper.
paid
Net
Operating
21,330
185,798
railway
follows:
as
$527,910
1180. j/;:
p.
There
The
Balance
$3,655,470
$5,030,494
$1,856,531
accumulations
on
The
31
sales, less returns,
of
270,499
55,000
$446,714
directors
158,
ance
1943
sale
295,000
Conditional On Approval of Financial
common.-
Years
8,035
$3,634,140
$260,826
—
payable Oct.. 8
Manager.
He formerly was Production Manager of the company but
for the past 19 months has been Works Manager of American Type
an
Income
1,128
$357,717
railway
158,
V
6,539
Towne Securities Corp.—$3.50 Preferred Dividend—
to
*178,910
exchange offer, which expires Dec. 23,
to stockholders of Stokely
Foods, Inc.,, of five shares of 5% cumulative
prior preference stock, $20 par value, of Stokely Brothers, for four
shares of Stokely Foods
preferred; and one share of Stokely-Brothers
Profit
170,000
107,839
,
quarterly dividend (No. 151) of 25
cents per share on the outstanding capital stock, payable Oct. 15 to
holders of record Oct. 5.
A like amount was disbursed on Jan. 15,
898
has made
:
551
$356,589
659
—
The directors have declared
of
778.
Grosvenor
Gross
—V,
37 Va
/
72.459
*115,393
Stokely Brothers & Co., Inc.—Exchange Offer—
common
59,758
44,037
income
p.
743,031
1,200,000
1077.
p.
from
ry.
H
A
■
$446,624
((net)
from
Net
Superheater Corp.—25-Cent Distribution—
1940
$283,149
133,972
$160,108
201,436
from
from
Net
Gross
v.
January 1—,
Net
137,661
58,343
30,000
Ry.—Earnings—
$408,122
railway
railway
oper.
From
173,204
and
allowed__A-
taxes
158,
1,382,277
\
$5,011,066
19,428
ry. oper. Income
From January 1—
April 15 and July 15, last, and in each quarter during 1942.
Oct. 31,
last year, the company also paid a year-end dividend of 20 cents.—
Staten Island Rapid Transit
Gross
—V.
1,200,000
applicable to preferred stocks
from
share
taxes
Net
,;
u—
from
Nov.
67,655
charges
5,382,830
799,879
.
$445,965
Net
280,493
—
int;
Federal
pro¬
V. 157, p. 646.
Net
320,942
funded
on
66,409
100,000
-
"$12,350,313
1,306,384
tooling and
duce the M-1.30 caliber carb'ne for the
Army. Dr. J. S. Reid, President,
stated.
Deliveries .of carbines began this summer and volume
produc-i
tion schedules have been met during the
past few months.
L.
382,254
revs
August-
1,174,716
$380,478
,
was
1940
1,136,922
of disc,
amort,
185,736
$2,280,059
1,138,153
deprec
exp.
discounts
State
profit
•Earnings per
•On
and
Other
$585,478
$160,403
Net
and
and
1942',
$262,403
;
1941
$2,820,445
515,700
.
____
1943—12 Mos,—1942
$1,139,446 $13,851,967
430,161
5,528,099
100,000
_______
Abandonments of leases,
Co.—Earnings—New Treasurer—'::
Year Ended June 30—1943
Profit
:
Deplet.
Int.
Standard Products
1942
$2,920,667
236,923
Income
1285.
p.
•—-Years Ended Dec. 31
30,
1943
$1,511,031
Period-
in
2,203,383
185,613
income
158,
Gross
each
As of Sept.
agreement
corporation
6,624,409
7,782,079
-Earnings-
Toledo Peoria & Western
basis
for
61,212
income—
991.
12,652,853
reserve
income
—V.
corpora¬
15, 1943, Superior
had outstanding 1,387,454
shares of capital stock, of which 87,105
shares were owned by the corporation.
"
The agreement of merger will be submitted to the stockholders of
the
corporation and of Superior at
special meetings which have
530,924
645,503
210,508
upon
stock of Superior, pursuant to the terms
merger,
dated Aug. 12, 1943, providing for the
of
446.001
29,013.662
12,849,382
512
income
Net
issued
be
Superior or
corporation,
the
stock
the
into
stock of Superior
either
of
to
are
shares of capital
treasury
1,404,571
37,475,229
27,361,195
62,189
oper.
Balace ;
merger,
Superior
outstanding capital
agreement
an
been
railway
oper,
of
the
in
946,577
2,156,954
limited-term
Dividends
of
■■
-
16,230
From January 1—
Net
of
of
merger
stock
common
the outstanding
shares
any
of
shares
1940
$3,742,699
60,529,230
562,999
____
retire,
of
Net
treas¬
in exchange for
Sunray Oil Corp.
agreement
an
■ ■.
780,209
4,610,261
$1,357,278
expenses-—™
Interest, etc.,. deductions
of the
which
shares
held in
upon
into
terms
for
1941
$5,523,503
■: 2,178,349
1943—Month—1942
revenues
Investments
Gross
listing
2,006,377
shares
8,238
Co.,
corporation,
pursuant
J A; :-V'- '/
1942
$9,153,712
19,549,944
taxes
Net
authorized
(par
including
Homaokla
merger of Superior into
1941
375,673
$510,782
$0.75
has
stock
common
outstanding,
income—
taxes
Amort,
1943
$148,156
shares.—V. 157, p. 998.
common
corporation,
of
1942
375,678''
_
991.
p.
appropriation
.
share
August— '
stock
1943
oper.
158,
Other
subscription for cash
by holders of such unexchanged stock who may become entitled to
fractional shares of common stock of the corporation at the time of
exchange; 173,986 shares, upon official notice of issuance from time
to time, upon conversion of the outstanding 5 Va %. • cumulative con¬
vertible, preferred stock (par $50); 780,209 shares, upon official notice
of issuance, upon conversion of outstanding shares of capital stock of
Superior Oil Corp. (Del.), except any shares held in. the treasury of
of
Spokane International RR.—Earnings-
ry.
Federal
158, p. 494.
926 shares, upon official notice of. issuance,
unexchanged shares of capital stock of the former
common
record Oct. 9.
A
as against 15 cents
last,
$886,460
preferred
Period Ended Aug, 31—
ury;
dated
the
holders of
to
June
on
cents
25
and
20
on
to
1077.
p.
Operating
Operating
•
10
1,742,562
Texas Power & Light Co.
appointed
been
A'-'""",
corporation.
dividend of
1,874,054
$2,346,187
/
elected
director
a
•'
-
shares
issued
are
the
Sparks-Withington Co.—10-Cent Distribution—
A
144,156
$98,098
153,190
$235,644
.
from
—V.
has been
H. G. Hilton,
charge of
operations,
156, p. 1510.
Ended
185,000
either
:
the
per
(Arizona)
be limited."
noted that Southwestern had entered into
$2,629,022
_
Sunray Oil Corp.—Listing of Common Stock—
gas utilities
Middlewest
$4,220,241
$1,970,509
158,
Other
annually.
O00
19,835
$242,354
railway____ $11,229,876
from railway
5,783,980
Net ry. oper. income—
2,307,187
From January 1—
Gross from railway—
88,044.446
Net from railway—46,470,460
Director, Etc.—
Stokely Brothers & Co., Inc., above.—V.
Net inc. aft.
and Share Co.
system), would result in rate reductions saving gas consumers $104,the
of
$2,609,137
25,896
Net
Vice-President.—V.
Months
6
payment
for
Southwestern
$4,194,345
347
Texas & New Orleans RR.-Earnings—
Strouss-IIirshberg Co., Youngstown, Ohio—Earnings—
v..
maturity, or prepayment, of $812,500 of unsecured notes.
The SEC
consummation of the sale to United Gas, which is a subsidiary
at
$241,907
2,126
$388,834
applicable
Property
not retainable under the Holding Com¬
the properties were
1,000,000
August—
Stokely Foods, Inc.—Offer for Stock—
See
Mississippi for $812,500 to the United Gas Corp. after the Commis¬
sion
succeed
'.
(Middlewest Corp.
In
1,000,000
^386,708
income
Gross
1077.
p.
Spinney, President of Bank of Montreal,
to
Executive
subsidiary of the Central & Southwest Utilities Co.
system), received authority Sept. 27 from the Se¬
curities and Exchange Commission to sell all of its gas utility assets
Company,
812,734
83,333
''.'Balance"
—V.
payments on
and State taxes
1285.
p.
1,944,241
872,742
■
~~~
Gross earnings
929,845
199,299
72,784
f
income
Dividends
4,341,737
83,333
___.
Net.
$18,-
total,
$1;
$200,000;
accounts
payable,
$1,590,338;
1943,
$55,386;
accrued
items $526,429;
bonds
payable,
due
currently,
$91,500;
1,
July
trade-marks,
4,934,789
71,629
,•
.
Interest, etc., deductions
depreciation and amortization of $4,327,925), $3,997,638;,
■
$11,931,721 $10,707,869
380,690..:
reserve
company,
Gross
1943—12 Mos.—1942
$978,013
"'130,711
JL.
retire;
oper. revs
Income
(net):__
Other
$20,000;'
company,: $50,000; investment in
capital stock of subsidiary companies, $109,573; investment in capital
stock of affiliated company, $1; land, buildings and equipment
(less
goodwill,
taxes
taxes
appropriation
cash
of
1943—Month—1942
.
$1,165,256
revenues--,
expenses —492,875
Property
etc.,
insurance,
taxes,
Other
companies, $37,285; account
surrender value of life
$2,306;
note receivable
mortgage note receivable, subsidiary
.insurance,
prepaid
subsidiary
company,
Federal
incomf, rental, $6,083; preferred capital stock, 5% cumulative, $4,431,-
21-^
1942
1943
1942
$200,000;
$73,880;
Operating
Operating
$600,000; Santa Cruz Fruit Packing Co. 6%
mortgage on properties, $137,851; purchase money mortgage bond, 4%,
$27,500; mortgage bonds, on property acquired, 4%, $80,000; deferred
—■—.Jan. 1 to Sept.
21-
1943
;
Service CO.—Earnings-
Period Ended Aug. 31—'
455; notes payable, other,
'
-Earnings—
Period—
Texas Electric
-
^
Locomo¬
.
1943
deposits, $1,317,274; U. S. tax anticipation
(including accrued interest of $1,500),
$501,500;
notes
and
accounts, receivable,
$1,740,458; inventories, $8,906,419; advances to
growers arising from sales of plants,
seeds, etc.
(less allowance for
losses of
$21,500), $479,658; farm inventories of
cattle, feed, etc.,
accumulated cost of growing crops, and expenses applicable to current
season's
pack,
$455,151;
investment
in
joint
dehydration
venture,
purchase
'
„
Pressed Steel Car Co.
and
the American Locomotive Co. and Baldwin
tive Works the diesels.—V. 158, p. 1285.:
the cars,
will build
Sheet, May 31,
Monday, October 4, 1943
Assets—Cash and demand
notes'
•' '
,
$38,499,685 $32,850,234 $21,909,395 $16,057,004
12,579,352
13,782,850
7,896.246
941,630
___
income__„
oper.
,
1942
Ballance
Consolidated
CHRONICLE
income—
991.
|.
659.015,
439,438
315,987
87.661
419,347
322,373
221,654
15,406
♦Includes
1943
and
income
Federal
Federal
income
excess
and
profits taxes of $11,500,000 for
$5,500,000 for 1942.
tlncludes
excess
taxes
of
profits
of $24,224,158
taxes
of $68,500,000 for 1943
for 1942.—V. 158, p. 991.
and
United Bond Fund—20-Cent Distribution—
A
par
distribution of
$1,
on
Sept.
20
30
cents
to
per
holders
share
of
was
made
record
Sept.
on
15.
the
capital stock,
This compares
Volume
■with
'
15
Number 4217
158
THE COMMERCIAL &
cents paid on June 30, last, and nine cents on March
in
Payments
1942
were
follows;
as
"cents; Sept. 30, 20 cents;
March
31,
21
and Dec. 31,
cents;
10
cents.—-V,
31.
1943.
June '30,
Utilities Stock & Bond Corp.—To Vote On Plan—
12
A
158, p. 94.
special
the
on
sions
Union Wire Rope Corp.—EarningsMonths
6
Profit
Ended
Net
for
1943
377,000
$258,123
$2.24
$2.48
——~
Upon
share.
common
for
The
New
York
* its
tribute
among
consist
entirely
after
cash,
which
The
it
income
1943
1942
1941
$2,079,768
$1,629,825
1,872,007
J 1,819,831
I
23,338
1,430,880
$118,848
$255,666
$236,599
income
62,880 %
The
74,018
39,896
,
$3^9,684
$276,495
profit
149,199
;
$121,770
$127,272
The
158,
only
Southwestern
Gas
&
Nil
$0.18
Nil
Electric
Properties—
Co.—V.
158,
at
the
$8,000,000
stock
The
/was
balance
from
sheet
$10
as
for
fluctuation
market
in
No
The
-.
•
stockholders will
meeting
the
the
from
directors.
The
values
of
..
In
addition
securities
also
fourth
-
.
vote
•
there
set
up
is
a
this
The
WLB
as
•
.
,
in
directors have-declared
addition
the
to
Oct.
May, 1
Feb.
United
It
is
last;
dividend
both
1942,
1,
75
of
the
Nov.
1
this
on
158,
to
which
the
company
West
coast
port
Coast,
will
proposes
of
be
an¬
Feb,
There
the
102 V2
resultant
balance
stock
of
the
sheet
in
the
■
to
Mexico
erect
in
Mazatlan.
the
a
the
and
Maint.
for
The
1942,
further
company's
but
excludes
negotiation
reached
will
taxes
to
before
Milk
St.,
made
the
Old
p.
Aug. 31—
1943—Month—1942
the
$2,875,265
408,409
364,063
equipment—
of
561,438
589,139
expenses
40,253
reduce
is'
4,547,013
342,423
woods
before
never
Mexican
developed.
expansion,"
5,836,482
p..1286.
;
77,331
Other
'
■
dividend
of
accumulations
payable
„,
Gross
$1,068,766
$9,238,005
445,000
3,957,000
j
,
f
disbursed
and
V.
50
on
11
157,
per share has been declared on account of
8%
cumul.
prior preference stock, par $25,
the
to
holders
each
on
April
2459.
p.
as
of
record
compared
20,
July
Oct.
with
15,
5.
like
A
,
75 cents
Oct.
15
on
and
amount
April 5,
Dec.
21,
Net
from
Net
1943,
Western Ry. of
1942.—
ry.
Gross
from
Net
ry.
—V.
The
United
Works
Co.,..
Fairless,
States
purchase
Steel
Products
Co.,
Steel
a
subsidiary,
has
.Gross
manufacturing assets of The Petroleum Iron
subsidiary, of American Republics Corp., Benjamin F.
of the
United States Steel
Corp., announced on
a
The Petroleum Iron Works
Sharon,
.
|Ca^»y&cinanufacturing plants located
Par, and at Port Arthur
^pfeeaumont,
of
ment
Utah Power & Light
be
Co.—May Revise Finance Plan—
revised
mission
as
a
directing
$1,504,644.—V.
result Of the order of the
the
158, p.
to
company
effect
Utah
Public
Service
and
annual
1078.
rate' reductions
V-V".
-
."
"of
1943
from
Net
from
Net
ry.
From
railway—-
$118,782
railway:„___
30,196
income—
18,816
oper.
January 1—.
•'
1942
1941
v
.
$75,068
27,552
10,328
22,506
.
12,245
Net
"Net
—V.
from
from.
ry,
1,371
railway—-,.-
930,905
858,183
522,043
'199,075
82,509
62,833
91,027
106,266
41,775
158, p. 991.'
,
Net
18,740
»
503,865
371,858
277,666
344,819
378,134
17,997,367
15,708,003
13,712,227
ll,0b1>,257
7,433,457
5,971,569
5,055,841
2,825,784
2,554,627
1,890,597
2,702,254
2,990,390
White Dental Manufacturing
'
-
Ended June
Co.
(& Subs.)
•
30—
1943
;
1942
$8,565,615
$6,329,437
1,645,688
2
937,800
28,794
and other charges,..,
Federal, State & foreign income
36,188
$1,674,482
$973,983
168,171
141,471
576,157
$383,479
$256,360
298,525
298,898
$1.28
$0.85
and
profit
shares.
common
share,,.
157, p. 2260.
Winslow-Warren, Ltd., Inc.—Plans to Liquidate—
This
company, an importer and blender of
whisky, wines, etc., plans
liquidate and is offering stockholders $10
per share on class A stock
liquidating value as of June 30, 1943). As of Feb. 28,
the company had a deficit of
$19,154 which has been offset in the
past few months, the notice to stockholders
to
(approximate
3,554,666
2,652,241
1,497,911
1,604,639
1,094,080
343,590
460,608
512,315
163,085
income...
1,163,596
175,508
£87,152
107Q.
v
"
•
action
one
climaxed
It
,
found
also
Wood, Alexander & James,
A
and
on
to
vast
28
approved the
mer¬
Telegraph companies in a move
telegraph system that can operate
and
will
CT
not
"wasteful
whole
J.
(F. W.)
,
would
war,
because
expenditures
protect
"the
of
resources
interests
of
the
Durr
be
James^L.
M.
dissenting.
served"
keep
it would
in
be
Fly,
Craven
by
the
Commissioners
and
Mr.
Ray C. Wake¬
Durr
combine
contended
and
that
showed
by
a
loss
for-1938
abnormal
$1.75
share has been declared on account of
1st preferred stock (par $100,
payable Nov. 1
15.
Similar distributions
were
made
on
per
the 1%
record
Oct.
the
and
Wool worth
each
quarter during 1942.
dividend, will amount to
Judge
Alfred
Co.—Court Reserves Decision In
C.
Coxe
on
Sept. 28 reserved decision on a
by the Office of Price Administration for a
preliminary injunc¬
against the company, pending trial of an OPA complaint
alleging
violations of the price
ceiling regulation for women's and children's
clothing between March 1 and July 31, this year.
At the same time
motion
tion
the
J.
«•
court
C.
In
adjourned indefinitely similar motions with respect to the
Penney Co., the J. J. Newberry Co. and the McCrory Stores Corp.
affidavits filed by the company
officials, F. W. Woolworth Co.
dren's
the
OPA
of
encouraging
clothing and attacked the
tation
which
would
prohibit
higher
prices
for
and
women's
chil¬
agency for its administrative
some
Woolworth
stores
from
same garments for the
same prices at which the
company
garments throughout :the nation in March, 1942.—V. 158,
p.
interpre¬
selling the
sold those
1182.
step
with telephone and air
without the stimulus of com¬
while
its position
wartime business,
"the
in operating losses with
has
return
a
Yazoo &
Mississippi Valley RR.—Earnings—
August—
a
merger,
year.
since
Federal
accused
'
industry would fail to
the
of
on
of
OPA Suit—
Govern¬
in
was
drawn by Chairman
Walker, Norman S. Case, T. A.
Commissioner
holders
1, May 1 and Aug. 1, last, and in
Arrearages, after payment of the current
$38.50 per share.—V; 158, p. 96.
.
avoid
the
dividend
accumulations
statc$**a|g^
^
Ltd.—Afccrued Dividend—
Feb.
■:
years
that
would
conditions may again result
in the domestic telegraph
19,180
1940
$1,550,217
774,547
income
Outstanding
Earnings per
36,191
"public interest
proved
1941
1,122,832
$154,355
60,378
32,949
order
Union
Date
950,958
the
$205,999
Commission
with
to
947,065
profit
for
—V.
The financial conditions of the two
wir,6" networks indicate
the Commission asserted.
Postal now is losing $7,000,000 a
496,212
193,130
income—
for
petition.
-
railway,——
oper.
$85,438
this case a
monopoly would be a
thing and would eliminate "useless paralleling" of facilities and
mailv after
ern
Gross
1943;
96,431
manpower"
field,
the
1940
$98,703
20.003
August
of study by Congress
Both companies sought the merger.
approval order contemplates a two-year
A.
Year
1942
income
Prov.
agencies.
The
by Blyth &
defense
197,378
i).
telegraph
$120,611
of
$2,276,528
of
$413,505
.
,
and
Depreciation
$3,399,582
amortization
65,773
public."
'v•"
Ry.—Earnings—.
August—
Gross
month
$354,494
account
225,267
FCC's
The
good
Paul
Utah
include
$470,605
railway..
•operations.
Com¬
announcement
2,235,466
integration period for
far-flung holdings of each system to be shaken down to a
moneymaking instead of losing basis.
proposed $44,000,000 refinancing program of company may have
„
,
Shares—Following the
$4,511,994
2,202,244
income...
designed to give the nation
The
to
$5,601,826
278,310
efficiently and economically.
the
The
$632,804
The Federal Communications Commission
Sept.
ger of the Western Union and Fostal
The
Purchase of Stock by
1940
oper.
158.
.
..
Other
1941
lic Interest—
Tex.
was
.
ry.
of
Service
pending,"
$1,988,273
sales
Operating
Western Union Telegraph Co.—FCC
Approves West¬
Union and Postal Merger—Holds
Monopoly In Pub¬
Pa., as ranking vice-president
subsidiary, was announced on Sept. 30.
formerly vice-president of Oil Well Supply Co. in charge
manufacturing.—V. 158, p. 1286.
Zelt
Net
ern
near
Election of Albert R. Zelt of Oil City,
:of the OiL Well Supply Co., a
Mr.
from
—V.
Official. Promoted—'*•
„
134,485
1942
January 1—
t
railway.^.--
Net
Sept.-.24.. United States. Steel Products Co., known as Boyle Manu¬
facturing Co; until Sept. 23 when its name was'changed, is the Pacific
Coast, lightweight steel fabricating
subsidiary of United States Steel
Cofp. • >
•
$4,377,509
Alabama—Earnings-
from
Net
President
Public
now
1286.
p.
Months
6
1943
.oper.
From
con¬
the
at
loan of $13,000,-
a
$2,229,219
railway
oper.
158,
(S. S.)
218,127
the
August
■
Earnings—
railway.
railway_
from
ry
B,
estimated
$2,311,838
From January 1—
from railway
116,524
$5,383,699
the
from
Net
Net
for
income
oper.
218,002
17,227
August—
Corp.—Subsidiary Expands—
respec¬
Class
.
came
Gross
August 1942; $682,239 for the 8 months ended Aug. 31, 1943,
$589,807 for the 8 months ended Aug. 31, 1942.—V.
158, p. 900.
and
three,
'•
,
—
Chicago & St. Louis RR.
railway___
125,122
$469,016
for
Class B
year,
vote;
was
approved by the New York
obtain which approval are
-
railway___!_
227,816
$615,577
expenses
$85,279
to
1943
6,674
-month of
was
-
United States Steel
tracted: to
of
a
for
support—or merger—Postal, with Its 6,799
wire, would be "forced to the wall," the
of
be
Earnings
from
14,863
269,248
income
five
par
without
Class A
phases
to
sources
$4,276,031
$738,264
Note—Operating
cents
July 7, last,
cents
Net
in¬
denying the Nickel Plate's applica¬
authority to buy/60,000 shares of common stock
$5,281,005
13,012
-
After
of
common,
stock
value.
par
stockholder's
a
Co., Inc., Purchases
$623,766
$725,252
.
income
&
13,135
■
of
A
property to be acquired
AugustGross
2,960,000
income
the
by Blyth & Co. has not been disclosed.
$7,236,031
587,000
charges
projects
50
on
Oct.
income
Fixed
-U. S. Rubber Reclaiming Co.—Accrued Dividend—
A
oper.
miles
remain
two
Net
$1,290,191
Dr
and
of
35,196
(net)
Isles,
Co., Inc., that they had purchased the 50,000 shares from
the heirs of F. E.
Taplin and 10,000 shares from Robert
S. McVeigh and Mrs. Bonnie
McVeigh. The price paid
84,258
ry.
496,650
merger
from
459,987
•.
said Lawrence
-
.
and
tion for
5,201,310
507,432
rents
Postal
rate
a
no
The principal liability to be assumed is
Reconstruction Finance Corp.
the
See New York
360,143
11,245
Net
Ottinger, President, "will
provide an additional source of raw materials supplies for our domestic
plants, now operating at capacity entirely in the war effort."—V.
158,
,
cost of all
stock at
"Nickel Plate" Denied—
4,276,725
56,780
facil.
B
commands
Wheeling & Lake Erie Ry.
Colony Trust Co.,
10,739
Jt.
1,050,000 shares
shares of Class
of Class
A
concluded.
the
900.
741,695
$703,191
shares
Commission, proceedings
158, p. 1286.
a
62,'477
—
British
be centralized.
to
are
—V.
1942
expenses
Operating income
Equipment rents
Jalisco,
inter¬
Western
America,
on the approval by the Federal
Communications Com¬
the merger of Postal
Telegraph and Western Union, A. N.
President of Western
Union, said:
"Western Union naturally is
glad that the Federal Communications
Commission, after exhaustive study and hearings
lasting some 12
weeks, has given its approval to a merger
long recognized as desir¬
able by Government
agencies, the Army and Navy, and public authori¬
ties generally, as well as the"
companies concerned.
Even under the
difficult conditions imposed by the
statute, the merger should make
possible a more rapid fulfillment of the
plans developed by Western
Union's management and the devices
developed by Western Union's
laboratories for a progressive nation-wide
telegraph system.
"Before the merger can be
finally consummated, certain
1942
for
deducting
operations
Net operating revenue
—'
the
Its
field.
South
Williams,
$23,452,046 $19,732,768
2,903,360
2,114.314
43,577
712,976
expenses
Newfoundland,
that
area.
rene¬
Miscell.
plywood
it
book
mission
1942
1943—8 Mos.—1942
$3,086,483
& struct.
way
distributing
in
physical steps that will be taken will be
decision of the ICC
158,
at
Mass.—V.
and
now
Caribbean
Williams Statement On Merger—
redemption as of Nov. 1, 1943, a total
sinking fund bonds due May 1, 1952, at
Boston,
the
Commenting
for
4Mi %.
Payment will be
Transportation
already has one plywood plant, in Mexico operating at
30 miles south of Mexico City.
The Ayotla plant is producing
mahogany and other "exotic" woods as well as other native Mexican
"This
communications
international oper¬
1078.
p.
revenues—
of
Maint.
paid:
company,
first
Without such Government
Defense
Earnings
but
158,
with
be
understood.
contingencies.—V,
15-year
int.
45
Traffic
announced,
native
other
stock,
priority for the first $2 in dividends.
from
000
Renegotiation Agree¬
through
settlement
been, called
period Ended
Another
Stat.e of
the
and 308,124
$28,521,147.
return
gross
General
new
Canada,
trade
carriers
with
capital stock of
changed to 1,235,000
be-
has
Net
com¬
larger machine tool companies,
has
Price Adjustment Board of the War
renegotiation refund of $5,500,000,
it
business
domestic
links
trade for Class
Each Class A share
tively.
three-fifths of a vote.
Ayotla,
•
with
divest itself of Its
established
holders may
•
$1,500,000, it is
$5,460,848,
after
all
of
Operating
495.
Erect
to
to
Union's
will
value,
par
earned
about
have
$60,000
trustee,
1,
were
said
Western
(S. D.) Warren Co.—Bonds Called—
.
of
on
to
cable
Indies,
FCC
$100,
the
Taxes
the
the
on
by
of
reserve
of
on
holders
West
Blyth
share
share
per
extras
Corp.—May
the
with
covers
effect
$3,500,000
Mexico—
that
been
Western Maryland
Ry.—Earnings-
issue
p.
of
one
agreement
to
•
cents per
cents
following
cents.—V.
Plywood
of 25
25
payable
disbursed
were
In
and May
reported
plant, probably
for
2,
States
Plant In
par-value,
no
dividend
extra
an
quarterly
Like amounts
15.
and Aug.
25 cents';
2,
usual
stock,
common
record
the
net
earnings
U. S. Industrial Chemicals, Inc.—Extra Distribution—
The
r
•(
•
an
amounted
158,
;
the
Consolidated
settlement
The
defendant.
a
is
Plant Corp. contracts, on which
gotiation board is proceeding.
Board
899.
modifies
follows:
company,
This
order directed the company to include union maintenance
and check-off provisions in a collective
bargaining agreement, covering
the concern's Warren (Ohio)
plant.
The company refused.—V.
p.
figure
providing for a
announced on Sept. 23.
was
Co.—Company Sues WLB—
the
has
496.
p.
"post-war
reached
suit
dividual member of
158,
depart¬
This
Department
using sanctions to force company compliance with a WLB order.
is brought In the Federal District Court and named each in-
The
Vice-President
as
elected.—V.
Co.—Renegotiation Agreement Reduces Net
settlement
as
This
deferring the date of the annual
in January to a date to be set by
filed suit at Washington Sept. 23 to restrain the War
and
Fred M." Vinson, Economic Stabilization
Director,
Board
"
S. /Purvis
was
ment—
for
company
from
competing
of the two
companies' offices in 90 kev cities, followed
by elimination of 398 duplicating
city branch offices. Telephone record¬
,
•
U. S. Gypsum
Labor
M.
Warner & Swasey Co.—Reaches
reserve
year
itself
business
has
ordered
was
ing and delivery operations
surplus is reduced $17,000, the
refund" is decreased
$272,500, current liabilities are
$744,500, and the reserve of $1,000,000 for special contin¬
gencies is extinguished.—V. 157, p. 2356.
quarterly: dividend of 25 cents per share has been
common stock, par $2,
payable Oct. 15 to holders of
record Sept. 30.
On July 15, la£t, the company disbursed 25 cents
extra in addition to the usual
quarterly of like amount.—V, 158, p. 899,
The
the
increased
the
on
effectively
Azores.
offices
on
Monday
April 10 and July 15,
cents on May 4.—
25
FCC
asset
regular
declared
of
successor
,
$2,266,468.-
on
of
one
adequate and
the report declared.
of
Union
now
The
is $1,056,743.
The
to
of $10,000,000
surplus to policyholders of $22,801,250.
surplus
Was
1942
the Government of
report
to
account
in
of
most
Western
confining
national
$17,000 Walworth's consolidated net profit for the
year
1942 shown
in the annual report of the
company which was rendered to the stock¬
holders prior to discussions with the
Navy Price Adjustment Board.
$2 per share by the transfer
surplus account.
;■?
of Sept. 1, 1943 showed capital of $2,000,000,
and
undivided profits of
$10,8.01,250,
or
a
capital
ations,
$4,000,000, less Federal tax reductions of $2,943,This settlement, the announcement
said, has been approved by
Acting Secretary of the Navy, and after making allowance for
adjustment of State and Federal taxes, has the effect of
reducing by
a
reduced
from
said
capable
Union
the
special meeting scheduled for Oct, 29 will
increasing the par value of the 1.000,000 shares of common
stock from $2 to $10 per share by
transferring $8,000,000 from undi¬
vided profits account to capital account.
In June, 1932, the par value
of
disbursed
were
257.
on
of
an
levels
the
of
one
communications
company on Sept. 29 announced that as a result of
renegotia¬
proceedings an agreement was reached Sept. 25,
1943, between it
the Navy Price Adjustment Board
whereby the net refund to be
ments,
1286.
p.
States Fidelity &
stockholders
higher"
said
FCC
Western
by Walworth Co., based on 1942 and prior deliveries of- the
pany and its subsidiaries under war contracts with
Government
Guaranty Co.—To Increase
Shares—Changed In Annual Meeting Date
Proposed—25-Cent Dividend—
The
"generally
drop
system
made
Par Value of
vote
FCC
to
The
The
tion
to
United
the
in
Union will be
expected, after the merger is
completed, to submit "a comprehensive plan for
converting its exist¬
ing facilities into a modern, efficient and nation-wide
America—25-Cent Dividend—
amounts
payment
retirement
nounced.
■
United Gas Corp.—Purchase of
See
the
.
Redeem Debentures
Virginia-Carolina Chemical Co.—Retirement—
and
.
to
that under the plans agreed
upon there will be no
any of the combined 60,000
employees because of the
merger.
:
■:;
./>•:
*."„• ■.-•.•v ;
Mr. Durr,-in his dissent, found no fault
with the
merger/but con¬
tended that the proposed
plan would "freeze into the telegraph Indus¬
try all the obsolescence of methods and
thinking which have long char¬
acterized its operations."
company
156, p. 1616.
1181.
p.
The
$88,749
Nil
1181.
The
128
24
$96,998
share
com.
p.
raised
opportunities for solving
industry—the maintenance of
terconnection
102,813
92
—*
per
158,
labor force,"
need
value
Like
8.
Walworth
Earns,
would
stock¬
Sept. 27 declared a dividend of 25 cents per share
common
stock, payable Oct. 15 to holders of
on
par
Oct.
last.
$191,690
207,822
46
—
no
record
24,131
84,684
& foreign inc. tax
Minority interest
-U.¬
directors
the
on
31,386
$181,728
income
Fed.
—V.
the
be
furnish
"Inadequacies in the labor force have been responsible for excessive
overtime, increasing absenteeism and decreased
efficiency and produc¬
tivity."
of
100%
V.
Prof
Net
of
problems
$167,559
expenses-—)
pepreciatiort
'—j
Total
Co.—To
returns
will
stable
se¬
to
are
Union.
merger
acute
are
at
1940
$2,127,673
and
Other
Oil
tax
workers
"The
.
company's assets then
distribute among, the
would
approval of Federal
Vanadium Corp. of
1,826,922
.
sales
sorbed
Western
of 15-year 7% gold debentures
extended to May 1, 1947 at
being notified that the company will redeem all of these
bonds
and accrued interest on Nov. 1, 1943.
Redemption will be
made at The Chase National Bank of the
City of New York, 11 Broad
St., New York, N. Y.—V. 157, p. 2056.
5%
Subs.)—Earnings-
$1,945,770
6 Mos. Ended June 30—
merged company, and in addition applying Western Union's
pension
plan terms to them.
Moreover, the order said, the wages of the ab¬
vote
services."
United Dyewood Corp. (&
Cost
to
Holders
•
Stock
Exchange has authorized the listing of $20,sinking fund debentures due 1958, all of which
are now outstanding;
and 100,000 shares of $4.75 cumulative preferred
stock (no pari, all of which are now outstanding.—V. 158,
p. 682..
Net
15
which it thereafter proposes to dis¬
stockholders.
Of
Valvoline
VWh
15-year
Oct.
on
the
of the plan the company would own
the
Empire Southern Gas Co. and 9,304 common shares
the
of
by the Treasury Department.—V.
000,000
held
with
integration provi¬
Utility Holding Company Act of 1935, as set forth
Exchange Commission dated Oct. 20,
Public
Louisiana Ice & Electric Co.,
Inc.,
United Drug Co.—Listing of Debentures and Preferred
Stock— ■■ um
be
compliance
consummation
curities
'2459.
p.
the
plan
1385
report of the Securities and
holders
profit
156,
1942
$635,123
627,200
taxes___„_
taxes!
of
a
6f stockholders will
meeting
company's
1942.
$859,974
30—^
charges but before
income
Earnings per
—V.
June
In
$232,774
all
after
Provision
FINANCIAL CHRONICLE
West¬
been im¬
of
normal
duplicate system
industry," the FCC said.
Western Unipn has pledged to absorb Postal's
10,000 employees, retaining their seniority rights as if they always had worked, for the
f
Gross
1943
from
railway
Net from railway
Net ry. oper. income,—
1942
1941
1940
$2, 624,850
$3,302,775
$1,810,099
$1,277,866
630,358
1,694,833
701,003
383,741
182}387
1,369,972
484,083
166,334
535,768
21,304,465
11,648,954
9,550,677
433,008
10,415,730
3;839,000
2,495,315
599,787
8,177,923
2,249,137
781,631
From January!—
Gross
from
Net
from
Net
ry.
—V.
railway
railway
oper
158,
p.
income,,,
1079.
r
THE COMMERCIAL & FINANCIAL CHRONICLE
1386
Per
and
preferred
50c
87(4c
(accum.)__
$114
11- 1
10-15
preferred (quar.)—
Co. (quar.)__—______
$68%c
25c
11-
10-
7
Gas
6(4%
Co.,
Electric
&
due 1945
bonds,
1st 5s,
& Power Co.,
Danville Traction
Dominion
Arkansas Fuel Oil,
Atchison
514% pfd. (quar.)
(quar.)
Bankers & Commercial Corp., 69c pfd. (quar.)
Bathurst Power & Paper, class A (quar.)
Bobbs-Merrill Co., 4(4% pfd. (quar.)
Boston
1128
1972
North
Co., 3(4 %
due 1954_.
debentures
Avenue
1
390
1034
.
1
•
__,
1
Til
1
1
1034
1
1
1
1134
1134
1134
1
*
1279
673
291
988
1279
*
1280
1
6
1
1
18
1
1
1174
1282
1282
1282
Market,
5%-7 (4%
Inc.,
mtge.
Dec
1
*
15
15
18
*2453
677
1283
1947
Inc.,
1st mtge.
6%
„
Oil
Corp.
■
n
(quar.)____
•
which
1286
second table in
announced, but
Per
Brookline Trust Co. (Mass.)
When
Holdert
Payable
of Rec.
Companies
$2
10-11
9-30
$2
(s-a)—_
10-1
9-25
$3
10-1
9-21
(Louisville, Ky) (quax.$3.25
Fallkil! Nat'l Bank & Thist (N.
10-1
9-24
10- 1
9-30
(quar.)—-_
Citizens-Union Nat'l Bank, Fidelity & Columbia
'Trust Co.
Fall
"SgkXquar.)
River
Fidelity
Trust
Co.
(qif
(Mass.)
(Durham,
Bank
N. C.)
$1
First Nat'l Bank (Wilkes Barre, Pa.)
(quar.)
Bank (quar.)—
9-28
10- 1
10-1
9-25
$1(4
J.p'(quar.)
10- 1
75c
871/2C
—
(q*ar.)____
First Nat'l Bank (Toms River, N.
Lake View Trust & Savings
$3V2
10-1
9-21
9-22
$2(4
9-30
37(4c
50c
20c
11-1
11- l
9-28
10-20
10-20
$1,50
10- 1
9-30
9-30-
Lincoln Alliance Bk. & Trust (Rochester, NY)
Common
.
(quarterly)—.—
■A%- convertible preferred (quar.)—:
Marshal! & Ilsley Bank (Milw.) (quar.)—
National Bank of Commerce & Trust Co.
(Providence, R. I.)
(s-a)____
National Exchange Bank (Wheeling,
Quarterly
Nova Scotia
(Halifax)
Coke
Co.
Vilbiss
Deerfield
——
Dlckerson
Dixie
(Walker
Home
T.)
Co.
Nat'l
Bank
(New
Haven,
Quarterly
Security Trust (Lexington, Ky.)
Wakefield Trust (R.I.) (quar.)
7
;
(quar.)—
10-1
9-21
10-15
9-30
50c
10- 1
9-28
75c
$3(4
$2
10-1
10- 1
10-1
9-23
9-25
American Box
Can
25c
Board Co,_—___—
Co.
$1)4
$1
(quarterly)-;
75c.
American-Marietta Co., class A com. (s-a)__ $1
5% preferred (s-aU
—$2(4
American News Co. (bi-monthly).
30c
American Safety Razor
50c ;
American Smelting & Refining Co.—
Common
(irregular)
50c
7% 1st preferred (quar,)_—!—
$1.75
.—__——_—__
——
9-28
~
10-. I
12- 1
10H4
11-15
11- 1
11-1
11-15
11-15
11-30
10-30
1
10-
9
9-30
$6
1
9-20
11-
1
10-15
:
11-
1
10-20
'
20c
11-
1
10-15
$1
,10-15
10-
5
10c
10-22
10-
8
V4c
10-22
10-
8
25c
11-1
10-20
(s-a$1 V\
10-15
10-
1
10-15
10-
1
.
(quar.)
& Stores-—
A
(s-a)
$2%
i.
30c
Brunswick
New
1
in-14
10-15
9-30
10-
1
9-30
11-
1
10-15
11-
1
9-30
Telephone
15c
Light Co. (quar.)
(quar.)
9-30
6%
6(4%
9-22
11-19
10-1
10-22*
1
11-
1
10-11
11-
1
10-
11-
1
5
9-30
10-
1
9-24
11-
1
10-11
12-1
11-20
10-6
1
9-25
10-1
9-21
10-
3
9-24
9-30
9-27
10-
10-15
10-
5
10-
5
10-
5
9-25
12-
1
11-15
9-25
10-15
9-30
'
$5)4
$6
preferred
preferred
Pipe
Falstaff
6%
Line
preferred
Quarterly
>;
'
Electric, $114 class A
(J. J.) & Co., Inc., com. (irreg.)——
7%
preferred (quar.)
—
^
Telecommunications
common
common
preferred
Trust
Co.
Gordon
&
Belyea, class A,
B
11-
1
10-15"
11-29
11-15
11-29
11-15
3-11
11-10
11-
10-15
10-11
10-15
10-11
10-
7
10-
12-
1
10-30
1
2
10-4
9-30
10-15
10-6
$2
$114
$1.50
10-
1
9-22
75c
10-
1
9-22
50c
25c
10-15
9-30
10-20
10-
75c
11-
1
10-20
10-
1
(quar.)
(quar.)
7
1
——15c
6c
10-20
9-20
9-30
$114
11-15
11-
t$l34
1
11-15
10-22
(Fort Wayne,
Johnson
Steam
Gold
Extra
San
11-
1
10-14
SI 14
10-1
9-20
$114
75c
$1
,
11-15
$114
25c
$134
11-
4
11-15
10-25
11-25
10-25
11-
1
10-20
11-
1
10-15
11-
1
10-15
Schaffer
Schulte
7%
Stores,
pfd.
.
;■
Shawinigan Water & Power (quar.)__—__
Simmons
Co.
preferred
Southern
California
1
9-30
Navigation—25c
9-25
10-
10-12
9-27
11-
1*
9-18
1
9-27
1214c
10- 8
9-22
20c
10-20
10- 9
31 Vic
10-15
9-30
$5c
10-28
9-30
$114
10-1
•
Sl34
9-30
10- 1
10-1
10-1
9-20
;.'v 10c
10--1
9-22
11-25
(quar.)
1
*
9-24
10- 1
9-22
10-1
9-20
11-15
10-20
10-20
9
1^-
4
10-15
10- 8
10-15
10-
8
12-15
12-
1
10-15
10-
5
10-23
10-16
10-9
9-30
11-15
10-15
10-20
10-5
10-15
10-5
9-30
9-30
9-27
11-22
10-22
9-30
9-27
10-^15
9-22
10-
8
10-
8
9-28
12-10
11-30
12-
$1%
12-16
29 l,/5c
9-30
9-23
33 2/5c
9-30
9-23
4
$1(4
preferred (quar,)_
Manufacturing Co.
Union Oil of California (quar.)—
11-15
10-30
$1(4
•,
$5
11-15
10-30
37(4c
9-30
25c
11-10
20c
9-30
9-15
$1.1834
11-1
10-15
9-15
(irregular)
(initial quar.)„____
*
10-
12-15
20c
Union
United Income Fund
10-11
10-20
10-
10-25
3(4
——_
5(4% preferred (quar.)—
Tyler Fixture, 7% preferred (accum.)—
8%
preferred (accum.)
Union Electric (Mo.), $4(4 pfd. (quar.)_
Drug, $4.75 pfd.
9-22.
■
$4
pfd. (accum.)
common-^
United
9-16
50c
$1(4
Towne Securities,
Fund
9-25
10-11
50c
Manufacturing Co.
Bond
10- 5,
11-1
10-15
25c
—
Ltd.—'
United
9-30
50c
!
(quar.)
9-20
10-
9
10c
9-30
;___
15c
9-30
9-15
prior preferred (accum,)—_________
Vanadium Corp. of America.:
:
50c
10-11
10-5
25c
10-15
10- 8
$3
10- 7
9-23
J$1
12-15
11-12
Extra
:
:
—;—_____
U. S. Rubber Reclaiming Co., Inc.—
8%
—_
(H.)
Common
Gooderham & Worts,
(auar.)
Ltd.—
$1 preferred (quar.)
:
Washington Gas Light, $5 pfd, (quar.)—
$4,50 preferred (quar.)
Waterbu«v Farrell Fdy. & Machine (quar.)__
Western Commonwealth Corp.. class A (s-a)
Westvaco Chlorine Products, $4(4 pfd. (quar.)
Wico Electric, 6% class A pfd. (quar.)_____
J25c
$t'4
12-15
11-12.
ll-io
I0.95
$1(4
75c
11-10
10-25
20c
10- 1
9-24
$1(4
11-1
10-11
9-30
9-22.
11-
1
10-16
9-24
30c
Wilton Railroad Co, (s-a)______——$1.75
10-
10-1
9-17
Wrisley (A. B.)
10- 1
9-27
Co.
1
9-91
10-11
10-
9
9-15
Below
we
give the dividends announced in previous
10-25
10-15
75c
11-
1
10-15
preceding table.
75c
10-26
10-15
3714c
,
20c
—__
weeks and not yet paid. The'
dends announcjed this week,
.
;
9-25
9-24
20c
Lee Rubber & Tirc____
9-30
10-1
lie
(quar.)
7%
9-23;
J2(4c
Vermont & Massachusetts RR. (s-a
11-
6
5
10-15
10-15
Edison
Walker
11-15
10-
256
20c
—
Truax-Traer Coal,
-
25c •"
•
Co.,
9-20
$5
/
$1%
9-28
9-22
10-15
10-11
40c
Consolidated
Torrington
1
10-15
10-15
11-
10-20
(quar.)—______
37(4c
com. (irregular)-—
10c
preferred (quar.)—$1(4
Splcer Manufacturing Corp., com. (quar.)—
75c
$3 preferred (quar.)
—75c
Standard Brands, Inc., $4.50 pfd. (quar.)—
$1.12(4
Standard Coated Products, $1 pfd; (accum.)
10c
Standard Fire Irisurance Co. (Trenton, N. J.)
Quarterly
;
75c
Stearns Mfg.
:
:
*
10c
Gold
10-15
11- 1
10-20
convertible
Sullivan
9-30
9
11- 5
$2.50
____
(quar.)
Sparks-Withington
6%
10-
11- 5
256
Six-Twenty Jones Corp.
Southeastern Investment Trust (Lexington, Ky)
$5 1st preferred (accum.)
'
Southern Bleachery & Print Works—
7%
'
10-15
J22c
Class B'
9-30
1
50c
$1%
; '
(accum.)
9-30
40c
!
,
.
Inc., preferred (accum.)
$5
Surety Co._
u
••
50c
Security Investment Trust, 6% pfd. (accum.)
$1(4
Seven-Up Bottling (St. Louis) (quar.)—15c
Shaler Co., class A (quar.)——
\
30c
$1
10-
5c
(D. A.)
$1
25c
10-21
Seaboard
11-
9-30
11-11
50c
Diego Gas & Electric, com: (quar.
preferred (quar.)__———4—r '
Cruz Portland Cement (quar.)j_44^ii;
9-15
40c
(irregular)——_
pfd. (quar.)
•
5%
10- 9
10-15
11-25
25c
Santa
1
1
9-23
$25c
10-25
10- 1
10- 9
11-
10- 1
'
10-
10-15
11- 1
$2
(quar.)__!.—$1%
Mines (s-a)—__
' ■
$7c
4_;
•.
J3c
preferred
Antonio
9-27
—
& Co.
60c
;•
1
1
10-6
1
9-30
in-
10-
10-
9-30
10-1
5
10-15
Mines,
10-15
10-5
10-15
Toburn
1
10-15
9-5
10-
25c
10-22
10-15
10-
$1(4
$1(4
•
,
1
10-15
9-15
10-20
10-15
25c
$1
RUsseks 5th Avenue, Inc.—————
St. Johns Dry Dock & Shipbuilding-^'
5(4%
9-30
1
$3
Royal Typewriter Co., commori—^:
7% preferred (quar.)______—4__—_______
San
10-15
50c
-25c
11-
——_
Valley Gas, 6%
10-20
class A (quar.)
Carbon
t50c
preferred (quar.)——___
Mines, Ltd. (interim)
10-11
11-
$3(4
(quar,)____j
!
Markets, Inc', (resumed)____
Thermatonic
Kokomo Water
$114
Kreuger (G.) Brewing Co.
—12'4c
Lake Superior & Ishpeming RR. (reduced—
20c
Lane,, Inc.
——
*
'
25cLebanon
Public Service,
preferred
Taylor-Colquitt
prior preferred (quar.)—
Works, 6% pfd. (quar.)—
Lazarus (F. &R.)
$2
8
68%c
$1%
Kearney (J. B.) Corp. (quar.)
Kennedy's, Inc.. common—
Keyes Fibre, 6%
11- 1
9-24
6
Stephens & Shinkle Shoe_____
Kerr-Addison Gold
$1.10
12-10
v
10- 4*
10-
(quar.)
(quar.)—______—_______
—
10-15
10-1
10-22
l!nd.)
Horh & Hardart Co. (N. Y.) (quar.)—.
Hotel Barbison, Inc. (special)—
1-10
11- l
$2
10- 6
50c
75c
Light Co. (quar.)—
Hat Corp. of Amer., 614% pfd. (quar.)—
Haughton Elevator, $6 prior pfd. (quar.)—_
Hercules Powder Co., 6% pfd. (quar.)——
Hershey Chocolate Corp., com. (quar.)—
$4 convertible preferred (quar.)———
Higbee Co.. 5% preferred (quar.)—
Holly Sugar Corp., commoh (quar.)—
7%
preferred (quar.)„—
Home Dairy, $2 class A (accum.)—
Zjinc Co.
Rhode Island
Roberts Public
Towle Manufacturing
Electric
tic
$1 (4
'
$1%
10-
t$114
10-13
u——5c
:j
1
(Houston)—
9-14
10-30
"
pfd; (quar.)—
—
9-18
40c
.i—l:.——______ '' ''
i_—
•
Insurance
10-1
10-15
5%
11-
Guardian Realty Co. of Canada—
7% preferred (accum.)—
Inc.
Island
5
8
9-20
—:
10-18
—
Drugs,
Pump Co.
10-
11- 1
Piedmont & Northern Ry. (quar.)
_>
;
Prentice (G. E.) Mfg. (irregulari
Inc.,
9-
10-29
1
70c
Paymaster Consolidated Mines, Ltd. (interim)
Pennsylvania Power Co., $5 pfd. (quar.)____
Peoples Telephone Corp. (quar.i—_i—__
Philadelphia Electric Co., 4.4% pfd. (quar.)
Phillips-Jones, 7% preferred (accum.)—
Phillips Screw
;
Prosperity,
9-30
32(4c
Co., $1.30 pfd. (quar.)
Parke Davis & Co
5
v
9-11
12-
10-5
10-
10-18
87(4c
Fertilizer..—____________
35c
Insurance
.
$7
t$114-
(quar.)—_
9-30
50c
10-15
Gas
Home Tel & Tel
&
1
10- 5
'
10-14
$$1%
t$2
'
10-14
$2
(special!
Pacific Greyhound Lines—
$3(4 convertible preferred (quar.)
Guano
1
10-14
Ltd.
$40c
common
10-15
.
25c
(quar.)—______
10-15
11-
(Spokane)—
Oahu Railway & Land (irregular)___
Ogilvie Flour Mills, 7% pfd. (quar.)
Pacific
11-1
$1(4
$1%
Mines, Ltd. (interim)
Super Mold Corp. (Calif.) (quar.)———
Superheater, Co. (quar.)
$$214
Hartford
Insurance
Quarterly
Oilstocks,
10-2*
10-
$1%
25c
7%
Light Co., common——
6%
non-cumulative preferred (quar.)____
Guarantee Co. of North America (quar.)„_
Illinois
12-14
1
common——.
Hook
3
(irreg.)—__
pfd, (quar.)_
Giddings & Lewis Machine Tool Co
Life
12-14
1-
4-
(Boston)
General Steel Wares, Ltd.,
Southern
12-14
1- 3
12-11
General Steel Castings, $6 pfd. (accum.)
Quarterly
9-21
:_
vtc.
convertible preferred (quar.)__________
General American Oil (Texas)—
Greenfield
1-3
9-24
11-10
1
$3
1st preferred
1
1-
—
&
5
9-30
12-
8
3-18
(s-a)——
;
Gladding McBean
10-
11-
1
preferred (quar.)
:
Fyre-Fyter Co., class A—______
Investors
11-22
9
4-
(initial).—
West 37th Street Corp.,
convertible
9-30
10c
Felin
6%
10-
25c
Federal
General
8
$2.50
$2.50
25c
$1
$1.75
Farmers & Traders Life Insurance Co. (quar.)
Co.,
9-27
10-
3c
(s-a)
Gardner-Denver
1
10-5
15c
....
—
common
______—
Title
11-10
10-15
25c
.
Rhode
10-15
(quar.)——
Co
Brewing,
Extra
Northwestern
9-28
$1
„
Reynolds Metals, 5(4%
10-20
———
(quar.)
(quar.)—
7%
Reda
10-15
9-30
vv:
11-
10-
9-11
..
preferred
(quar.)
preferred (quar.)_____v
preferred (quar.
10-21
10-15
3714c
$1)4
t25c
$114
$1%
$1)4
$1
15c
Eastern
Northern Indiana Public Service—
10-
9-13
9-25
10-1
37(4c
11-19
9-24
9-23
$1%
.__
11-
1
9-30
9.35
.
10-
4
9-25
10-15
$1%
,
;
10-21
4
$5
Eason
prior preferred (quar.).!
Norfolk & Western Ry., adj. preferred..
North Penn Gas, 7% prior pfd. (quar.)
Northern Illinois Corp., common_____
$1.50 convertible preferred (quar.
11-
4
9-25
9-30
10-15
$1(4
preferred (accum.)_L___l-__________
6%
10-
10-
>
New York & Richmond Gas—
10-
10-
9-28
10-15
$1
pfd. (quar.)
Public Service (Oklahoma), 5% pfd, (quar.)
Puget Sound Power & Light (Initial)—
Pyle National Co., 8% preferred (quar.)__'__
Quebec Power Co. (quar.
Reading Co. (quar.)
11-
1
11- 1
$1
______________
Pacific Public Service
10-30
,9-28
12c
5(4%
11-1
10-11
10-
$1,18%
Confectionery New Method Laundry Co., Ltd.—
10-
12-
1
$1(4
England
9-28
1
10-
t
converible preferred (quar.)________
Baker «fe Co. (irregular)__!
New
9-23
11-
1
10-
$114
Brothers, Inc.—
Nelson
1
12-16
10-
35c
____________
pfd.
New Bedford Gas & Edison
5
1
10- -5
10-15
$1.50
prior preferred (quar.)
10-
12-
10-5
t70c
'
Shops (Del.)—•
(irreg.)
Common
10-
12-16
of Rev,
National Shirt
10-20
15c
Eastern
$1.25 convertible
Industrial and Miscellaneous Companies
American Aggregates, 5% pfd. (quar.)_
American Arch Co. (irregular)—
American
$1
Conn.)—
——
.
—
11-
$1
;
(s-a)
Stores
___________________
Inter-Island
$$3(4
(s-a)
Seattle Trust & Savings Bank (Wash.) (quar.)
Second
9-24
W. Va.)—
—.——
Trust
;
9-22
1714c
2%
'
10c
&
Extra
(Wash., D. C.)—
7—_______—
Quarterly
Andover Nat'l Bank (Mass.)
9-24
10-29
Co., 7% preferred (quar.)—
Packing (stock dividend)
Detroit-Michigan Stove (irregular)—______
De
6%
thare
Trust
1
1
10-15
10-15
Co.
1st
non-cumulative
4%%
1
5%
prior preferred
Neisner
9-13
Great
and
$2.50
1
$1
Coal
Eureka
The dividends announced this week are:
Bank
National Mfrs.
9-25
(West Virginia)—
Davis
Inc.—
Class
-
9-30
10-
714c
Bros.,
683
*
1079
991
declared.
American Security & Trust
1
10-11
1
1
8
1
1
9
under the company name in our "General Corporation
und Investment News Department" in the week when
/
1
10-15
*
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
Name of Company
2
11-
1
6%
show the dividends previously
10-
10-
1
1
are grouped in two separate tables.
In the
bring together all the dividends announced the
we
10-29
10-
$1.75
Oil, $114 conv. pfd. (quar.)—
Magnesia Talc (quar.).
Steel Products (quar.)————
Engineers Public Service, $5 pfd. (quar.)—
Dividends
<4
1
Paper,
'
i5c
—
Munising
30c
'7-
295
1285
*
,
a
12-
10-
Frick Co.,
follow with
10-15
12-
$114
1
30
1
tin Volume 157.
we
Class B
t$l
^___
1179
DIVIDENDS
Then
1
10-25
49
current week.
11-
11-
Davidson
Finch
we
2
10-
t37c
J20c
Canada Foundries & Forgings, class Aiquar. )
13714c
Class B
1$1!4.
Canadian Bronze Co., com. (quar.)—!
13714c
5%
preferred (quar.)__
t$114
Canadian Investors Corp., Ltd. (quar.)
'
110c
Central Hudson Gas & Electric, com. (quar.)
17c
414% preferred (quar.)
7
$1)4
Central New York Power, 5% pfd. (quar.)__
$114
Century Ribbon Mills, 7% pfd. (quar.)—$134
Cleveland Cincinnati Chicago & St. Louis Ry—
5%
preferred
(quar.)—
$114
Cleveland Hobbing Machine (irregular)_
10c
Cleveland Union Stock Yards (quar.)—_
1214c
Collyer Insulated Wire
50c
Commodity Corp.
9c
Conn (C. G.), Ltd., common (quar.)—______
10c
6%
preferred A (quar.)
$114
7%
preferred (quar.)
$1%
Connecticut River Power, 6% pfd. (quar.)—
$114
Consolidated Car Heating Co., Inc. (irreg.)__
$1
Consolidated Chemical Industries, Inc.—
$1.50 partic. preferred class A (quar.)
3714c
Credit Utility Banking Corp., class B (quar.)
' 25c
Cudahy Packing, 6% pfd. (accum.)
"
$3
6%
preferred (s-a)
^
—$3
7%
preferred (accum.)______
^___
$314
7% preferred (s-a)
$314
Curtis Mfg.
(Mo.)
••
50c
Darling Stores Corp., 6% pfd. (quar.)—
3714c
Davenport Water, 5% pfd. (quar.)—
$114
Fort Pitt Bridge Works
Fort Street Union Depot
first
9-25
10-
Publishing
Holdert
Payable
10c
,
(irregular)...—
Miller (I.) Sons, 8% preferred (accum.)____;
Missouri-Kansas Pipe Line, common...,;
25c
9
debentures (ext. to 1947)— Nov
5% inc. bds., ser. B, due 1977-Oct
Werner Bros.-Kennelly Co., 1st mtge. 5s, due 1955-—_Dec
Warren (S. D.) Co., 15-yr. 4l/4% bonds due 1952—Nov
West Texas Utilities Co., 1st mtge. 3%s, ser, A. due 1969-Oct
1
10-15
9
*
—
McGraw-Hill
15c
(quar.)
(quar.)__—______
Douglas Aircraft Co.
Co., 15-yr.
10-
10-
1
&
1283
1283
1178
1179
Warren Bros. Co., col. tr.
♦Announcement in this issue,
(Mass.)—
1
1
1
20
University of Illinois Medical, Dental & Pharmacy Bldg.—
Revenue bonds, dated 1941 ————————;——Nov
Valvoline
Trust
pfd. (quar.)
Byers (A.M.) Co., 7% pfd. (quar.)
;
Cadwell Linen Mills, 1st pfd.' (quar.)
2nd preferred (quar.)___
1033
bonds, dated 1936
—Nov
Nuloft Bldg. Co., Inc., 1st mtge. 6% 'bond ctfs.—
Oct
Phillips Petroleum Co., conv. 1%% debs, due 1951
Oct
Republic Steel Corp.—
Purchase money 1st mtge. conv. 5V2S due 1954
.—Nov
Gen. mtge. 4(4% bonds, series C, due 1956—
...-Nov
6t, Benedict's Abbey, 1st 4s due 1945-I946_
.——Nov
Southern United Gas Co., 1st lier.6% income bonds—Oct
Southwestern Pub. Service Co., ser. notes due 1943-54—Oct
Southwestern States Telephone Co.—
1st 6s, series B, due 1949 _—
———Dec
Swan Co., series A deferred bonds of 1926—
—Oct
Sylvania Electric Products, Inc., 3(4% debs., due 1957_Nov
Union Bus Terminal & Garage Co., 1st mtge. 6s, due:
1948 to 1951
Dec
due
Norwell,
Property
___________________
f
Nov 1
—Oct 19
—Oct 19
bonds
—
15c
$1
8
10-9
50c
.
Kluge, Inc. (quar.)
Brazilian Traction Light & PowerOrdinary (interim)
1033
debs
debentures due 1949
American
3% %
12-20
When
■
thare
(quar.
Maple Leaf Gardens/Ltd., 7% non-cum pfd,
Marathon Paper Mills Co., 6% pfd. (quar.)
McCall Corp. (quar.)
*
McCrory Stores Corp., 5% pfd, (quar.)
16c
Steel
Brandtjen
668
_886
1241
Kankakee Water c»
North
(quar.)
Quarterly
1
1st mtge; 4 (4 s, ser. A, due 1958_Mar
Iowa Power & Light Co.. 1st mtge. 4s, due 1968————Mar
Iowa Public Service Co., 6% debentures due I960——Nov
Niagara Share Corp. of Md., 20-yr. conv. 5(4%
Personal
Brainard
'
20
Iowa Pwr. & Light Co.,
1st mortgage 4(4% bonds, series A, due 1959———Jan
Kentucky Hotel Inc., 6% gold bonds
—-—-Oct
Lehigh Coal & Navigation Co., 4 % fund. & impt. bonds_Jan
Litchfield &,Madison Ry., 1st mtge. 5% bonds due 1959—Nov
Longwood Towers Co., preferred stock——
Metropolitan Playhouses, Inc., 5% debentures due 1945_Oct
Miller Co., 6%%
1st mortgage bonds (extended)—_..Nov
Mountain Ice Co. of N. J., 1st mtge. 6s, due 1944———Nov
Co.
Fund
.
'
———Nov
————
Edison
Boston
1
due
—
Bridgeport Hydraulic Co.
.
10-20
3114c
$1.50
20c
$$1%
20c
$1(4
125c
$l'/s
Topeka & Sante Fe Ry. Co
City Sewerage (quar.)—_______—
Atlantic
Bond
per
"
Name of Company
;
$5(4
Ault & Wiborg- Proprietary,
Autoline Oil Co., 8 % pfd.
♦
1
bonds—.—
mtge.
'
■
__________
Brush-Moore Newspapers, 6%
——Oct
1st
preferred (quar.)—
69c
Mills
Telephone Co., Ltd.—
$1.25 preferred (quar.)__________________
1031
?
—
i—
Co.,
House
Ellicott Square Co.
1
10-20
25c
______;
1
of Buffalo* 1st mtge. 5% bonds—Nov
jfamous Players Canadian Corp., Ltd.—
1st mtge. & col. trust bonds, ser A, B & C, due 1951_Oct
Froedtert Grain & Malting Co., Inc., preferred stock—Nov
Grand Traverse Hotel Co.-Park Place Hotel Co.—
1st mtge. 5% bonds due 1959———•——
Nov
Great South Bay Water Co., 1st ref. mtge. 5s, ext. to 1949-Nov
Hamilton Cotton Co., Ltd.—
1st mtge. & collateral trust 4(4% bonds, due 1950—Nov
Houston Natural Gas Corp., 1st mtge. 4s, due 1955——Nov
Indiana Limestone Corp., prior lien 6% bonds due 1947_Nov
International Rys. of Central America,
1st mtge. 5s,
Edwards
—
\
due 1951—Nov
collateral trust
10-20
Associated
81
1237
942
1126
1238
participating income debs.__.Nov 1
Inc., class A stock
Nov 30
Central Arkansas Public Service Corp, 1st lien & col.
trust 5% bonds, series A___~—i———
___4_
-Oct 16
Central Ohio Light & Power Co., 1st 4s, ser. C, due 1964_Nov
1
Chesapeake & Ohio Ry., ref. & improv. mtge. 3%%■.
bonds, ser^ D, due 1996
—__________
Nov . 1
Colorado Milling & Elevator Co., 5% conv. debs., due '68.0ct 15
Columbia River Packers Ass'n, Inc., 2% debentures__Any time
Cushman's Sons, Inc., $8 cum. preferred stock———Oct 15
514%
Arlington
Paf®
Home Appliances,
common
prior preferred
convertible
Extra
in
Estates,
Sugar
Baragua
Bottle,
Apponaug
which the details were
Bendix
9-30
Anglo-American Telephone Co.—
under sinking1 fund provisions.
last date for mak¬
Company and Issue—
_Dat®
Bridge Corp., 4%'bonds due 1952
Dec 1
American Bakeries Co., class A stock
:
____
__Nov 15
American I. G. Chemical Corp., 5 (4 % debs, due l949__Nov
1
American Tobacco Co., 20-yr. 3.% debentures due 1962___Oct 15
American Viscose Corp., 5% cumul. preferred stock—_^Nov
1
$114
(quar.)
Thermos
:
^
^
Manhattan
Extra
10-15
11-1
1- 3
$5
The date indicates the redemption or
Alabama State
9-24
$6
Preferred (quar.) ________________—_____
American Zinc Lead & Smelting Co.—
bonds, notes,
ing tenders, and the page number gives the location
given in the "Chronicle."
of Ree.
9-29
Steamship Co. (irregular)________
American Telephone (Abilene, Kansas)—
59c
preferred (quar.)_—__——
—-
stocks called for redemption,
common
Including those called
Holier»
Payable
American
American
Below will be found a list of corporate
When
thare
Name of Company
Redemption Calls and Sinking Fond
Monday, October 4, 1943
10-
1
9-25
lt^fe«s not include divi¬
th^e being given
in the
'
10-20
10^20
11- 5
10-22
11- 5
10- 8
Link Belt Co.
614%
(quar,)—.
preferred (quar.)
Lowell Electric
Ludlow
12-1
11- 6
$1.6214
1-1-44
12-15
50c
10-15
10-5
i
9-20
50c.
—
Light Corp. (irregular).
Typog^aph, $6 preferred (irregular)-
$414
10-
Luzerne County Gas & Elec.—
514%
preferred
(quar.)
Per
Name of Company
Bank and Trust
$1.31 Vi
11- 1
10-15
'
Share
When1
ttmnery
Payable
Of Ree,
Companies
Agricultural Nat'l, Bank (Pittsfield, Mass.) —
Quarterly
—
,
American Nat'l Bank & Trust (Chi.)
—___
(quar.)
:
$2.
10-15
10- «
$2
10-15
10-14
:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
158
Same of Company
American Trust Co
(quar.)
50c
40c
10-15
Boatmen's Nat'l Bank
Bronx
of St.
$1
9-30
Bank
Commerce
of
'.
I<puis (quar.)__
—X
County Trust Co.
Canadian
(quar.)
Dallas National Bank
Trust
First Nat'l
Bank
First National
(Jersey City)
(Maiden,
(quar.)
Monthly
"iExtra;Monthly
First
1-1-43
12-26
Canadian
9-30
1
(Scranton,
Bank
Canadian
1
11-24
12- 1
11-24
Canadian
1-2-44
12-24
1-2-44
12-24
Registered (quarterly)
Canadian Industries, class A
12-
——
Cal.)
(quar.)—
(Tamaqua, Pa.)
v
1
10-15
10-11
20c
9-30
11-
$2'/a
Class
.
Trust
&
Bank
&
.12-17
12-10
5 7c
Co.
Trust
;
10-31
5%
preferred
12-21
12-31
$2
Trust
General
Non-cum.
Co.
Trust
Guaranty
of
Canada
preferred
Co.
of
Industrial
Bank
stock
25%
&
Trust
Co.
(St.
dividend-—
National
Bank
Louis)
(Chicago)
Exchange
Clinton
Willans
10-15
9-30
Cockshutt
Plow
Colonial Ice,
10-15
9-30
11-
1
9-30
10-
5
9-15
Merchants Nat'l Bank of Boston
Merchants Natl. Bank & Trust
•Common
(quar.)
Nat'l
Miners
40c
Bank of
Extra
■
50c
Trade
Union Natl.
&
(Chicago)
Bank
(N.
Co.
Y.)
—
,
preferred (quar.)—
(irregular)-——.
;
Extra
Stores
Allied
5%
Corp.,
preferred
Aluminum
Co.
pfd.
(quar.)——
preferred (accum.)
Filter, common (quar.)
(quarterly)
American Airlines, Inc.—
10-13
1-3-44
11-
(quar.)
Bakeries,
75c
1-3
Class B
1
10-
class
conv.
A
&
10-20
10-10
10-
9
10C
10-
8
;
1
opt.
9-21
10-15
9-30
:10-15
$5
10-15
10- 2
10-15
:
10-
11-
1
10-15
12-29
$2
10-20
10-
1
1
2
Common
8 7o
12-31
$1%
13-31
12-15
10-7
9-29
10-
5
10-
10-
5
10-
$5
10-1
10-15
9-30
12-30
12-15
25c
12-30
12-15
12-30
12-15
11-
1
10-11
1
77e
$iy4
11-15
11-
8
American
Fork
$1%
10-15
10-
Fruit
25 c
10-11
10-
1
American Furniture Co.
Inc., 7% pfd. (quar.)
Products Corp. (monthly)
$1.75
20c
__
American Tel. & Tel.
American
Woolen
Anaconda
Wire
$1.75
(quar;)
(accum.)
4%
(B. F.)
Avondale
Cunningham
Badger
6%
Paper
Co.,
Beatty
Co.,
Corp., Ltd.,
Co.
——;
Dentist's Supply,
1%
10-15
9-JO
15%
10-16
9-30
9-25
$1
7c
11-
11-
1
1
10rl0
11-
1
5 Vo
10-
5
9-30
10-15
37 %c
10- 6
10-30
50c
10-25
10-15
11-
1
10-
1
9-24
10-15
9-30
(quar.)
30c
75c
11-
1
10-11
$25c
10-15
9-30
t$2
10-15
10-15
9-30
20c
$62 %c
(quarj^L
J—
Eason
Economy
10-30
62 %c
10-15
10-30
10-15
$20c
10-15
9-25
$ 10c
10-15
9-25
1272C
10-
1
9-18
10-
1
9-18
10-
1
9-16
10-
1
9-16
10- 1
9-16
$$2
10-
1
9-15
$17»
10-
1
9-10
$174
10-
1
9-10
Oilcloth
5
9-17*
9-21
$1V2
Mines
Brantford
Ltd,,
common
(quar.)—
__
1-3-44
12-15
1
9-15
1-3-44
12-15
60c
10-15
1
10-
1
Joplin
10-
1
Kaufmann
10-29
25c
12-15
11-20
1
$2
12-23
12-10
10c
11-29
11-19
11-10
$1
10-
10-15
10-18
75c
$1%
5
1- 3-44 12-20
12-
5
1
9-16
10-
9-30
&
9-24
Steel, 6V27e
Linoleum
pfd.;—_
(quar.)
10-15
10-10
±40c
(quar.)
&
10-15
10-30
9-30
t75c
10-15
10-15
9-27
10-15
9-27
S30c
10-29
9-29
110c
10-29
i$i%
11-
t$i%
9-29
10-15
1
10-
1
9-15
(quar.)
preferred
Stores
10-
—
1st preferred
(quar.)—,
8
9-15
(quarterly),—__J
cqtarterly)
,
10-
6
Cordage, Ltd., $1.30 pfd. (quar.)-
$32 %c
10-15
9-20
7%
6%
Electric
Co.
10-
6
(Del.) —
preferred A (quar.) ——.—
preferred B (quar.)———
12-
7
10-30
h.
9-24
9-29
11-
1
10-
9
10-15
9-30
11-30
10-30
$20c
10-15
$37%c
10-15
9-15
10-15
9-20
•■
50c
;
$$1.50
9-15
•; 10-15
11-1
$$1.50 v)
11-
1
10-15
„
$1.25
10-15
9-25
11- 1
10- 4
$8%c
8772c
25c
$1.75
$1%
_
11:
1
10-
11-
1
10-21*
10-15
11-
10-13
10-
8
$75c
30c
10-28
10c
ZZ_Z
10-15
9-15
10-15
12-
9-30
1
$1.0674
11-
10-
11-1Q
10U
9-^8
»
1
50c
6
•
(quar.)
1
9-27
10-15
30c
(quar.)___;
9-24
1
10-15
10-
4
10-18
9-,3
1
9
Supply, common
57o
preferred (quarterly).
Kentucky Utilities, 6 % preferred (quar.)___
King.smirg Cotton Oil, common
15c
10-31
10-5
10^ 5
Common
Lake Gold Mining Co. Ltd.
Kroger Grocery & Baking—
7%
2nd preferred
(quar.)
Landis Machine, common
77c
preferred
(quar.)
&
Lerner
45/2 %
preferred
conv.
Co.
(quar.)
10-15
9-30
capital
9-30
10-15
9-30
12-11
12 p
10-13
•
37'/2c
com.
$1
■_
12-21
1
10-14
1-3-44
12-14
11-
12-15
12-
50c
10-15
(.9-24
$1 J/e
11-
1
1Q-20
87V2C
11-
1
10-111
30c
(quarterly)
10-
25c
(irregular)
common....
11-
1
1(
30c
25c
$iye
8
9-24
1
0-15
.0-15
11-
1
9-1
10-K
50c
57c
participating preferred
Participating
;
12-10
11-24
$1.10
(quar.)
Aircraft Corp
Longhorn Portland Cement—
12-10
11-24
50C
10-
4
9-22
$iv4
(quar.)
12-
1
11-20
25c
Taylor, 8%. 2nd preferred
Electric
12-31
3
9-30
25c
Lockheed
&
5
v10-15
$3
Cement
Corp.,
Gas
11-
12^.4
40c
(quar.)
Natl. Life Insurance (Ind.)
(quar.)
Manufacturing Corp. (special)
Lion Oil Refining
(quarterly)-.
Liquid Carbonic, 4]/27c preferred A <quar.)__
Little Miami RR. Co., special gtd.
(quar.)__
&
11-15
12-15
150c
(accum.)
(reduced)
(Va.) —
Lincoln
Lord
1
10-15
75c
Liberty Loan Corp., $3V2 preferred (quar.)
Louisville
10-
11-1
50c
(quar.)
preferred
Original
4
25c
Corp.
Stores
11-
9-30
$1%
(s-a)
Portland
preferred
12-30
6c
Electric
preferred
4 7c
1-15-44
Inc.—
(quarterly)
Langleys, Ltd., 7%
Gas
9-30
2c
$1%
'
preferred
10-15
J2c
(quar.)
Langendorf United Bakeries,
Class A (quarterly)
B
£s-a)__
10-31
10-15
2c
•
Kirkland
67c
$1V4
$lJ/2
;
Co. "
12-
1
11-20
11-
(quar.)__
1
10-16
(Kentucky)—
ZlVsC
57c
preferred
5 7c
preferred
7$25
$1.75
10-15
9-30
67c
$1.50
10-15
9-30
Magi-in
&
preferred
(I.)
&
10-25
9-30
3P/4C
10-15
9-30
_______
$1.25
10-15
9-30
preferred (quar.)__
$1.62%
1-3-44
12-24
par)
($100
par)
Lunkenheimer Co., 6V27c
MacAndrews
—
10-15
3%
common
Inc.
9-24
9-25
1
30c
_______
t$lV4
(quar.)_
12-20
11-
$1.25
Linn
$$1%
Co.
12-30
10r
(quarterly)
Leighton Industries, class A
10-15
•*:
10-
Lehman
25c
11-16
10-28
Lehigh
—
1
10-15
Class
3-1-44 2-10-44
1
9-15
12-
)_ZZZZIZZ
(quar.
Stores
Lawrence
11-
7
10c
Lawyers Title Insurance
$lJ/4
12-10
10-
15c
6%
11-20
9
12-21
9
20c
&
1
10-
12-10
$lVa
Department
9
75c
12-10
Inc
10-
50c
10-
(quar.)_
11-15
1
10-15
12-21
25c
common
Kellogg Switchboard
12-23
.
12-23
12-
2
9-30*
$$1.75
Laughlin Steel, common
Water Works, 6 7c
preferred
11-15
9-30
"C"
Mfg.,
1
9-30*
7
12-21
■;h
&
10-25
10-
10-15
$l3/4
com
(liquidating)
preferred
Jones
10-15
10-20
10-15
50c
Ltd.,
(W. B.) Co.
Jefferson Lake Sulphur
(resumed)
Jewel Tea Co., 414%
65c
$3
,9-30
10-
.____
Fund
Fireman
9-30
10-12
Jarvis
$12c
10-
10-25
$1.43
;_
Equipment
Corp.
$1%
...—
Paso
6%
9-23
$1%
Foundation, Ltd.—
convertible ►preferred
(quar.
Iron
9-15
7
10-15
(s-a)
Powders,
(quar.)
Home
9-28
10-19
10-
Investment
Investors
Electrie Bond & Share Corp., $5 pfd. (quar.)
$6 preferred (quar.)—.—
El
preferred
9-15
"
Bralorne
Bronze
Inc.,
77c
9-15
(E. I.)-de Nemours & Co.—
Grocery
Group Shares
Interstate
10-29
10-29
$75c
(quarterly)
1
10-11
9-28
$1.75
International Utilities Corp.—
$3'/2 prior preferred (quar.)_____
Interstate Department Stores
1
10-15
9-30
10-29
$1.75
International Nickel Co. of Canada—
7% preferred
(quarterly)
;
7 % preferred ($25
par)
1
30c
6
10-15
$1.50
conv.
10-
3772C
4
10-
'
<
preference, class A (quar.)__
6%
conv.
preference (quar.)
International Milling Co., 57c pfd.
(quar.)__
10-
10-
10-
10-20
$1
partic. preferred (quar.)
International Harvester, common
(quar.)
International Metal Industries Ltd.—
10-
$1%
10-14
lc
cum.
67c
4
25c
(quar.)
10-
——*•
Oil,
preferred
$1%
10c
Ltd.
Foundries
Duquesne Light, 5%
9-30
$1%
9-22
9-
$5c
______
Ltd.—
common
$4J/2 preferred
9-27
9-15
10-
10-15
Telephone Corp.—
10-25
(payable in U.S. funds
tax)
Extra
Pont
9-15
1
Associated
10-15
Dominion Tar & Chemical, 5V27o pfd. (quar.)
Dominion Textile, 77* preferred (quar.)
du
1
10-
1
9-4
1
$2%
10-
10-
5
15c
____________
9-15
11-
5
1011-
$1.50
(s-a)
1
1
1
10-
<quar.)__
10-
10-
9-30
$75c
Indianapolis Power & Light, common______
Institutional Securities, Ltd.—
10-15
10-14
$174
common
9-10
67c
11-
1
10-15
$75c
_
International
9-30
.
11-
$$l3/4
67c preferred (quar.)
Huttig Sash & Door, 77c preferred (quar.)__
Huyler's, $2 conv. partic. 1st pfd.
(accum.)
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)
Incorporated Investors
Aviation
10-15
11-15
>.
,
35c
6%
30c
(s-a)
20O
62 %c
$1.75
9-30
10c,
10-1
11-20
1
9
10-15
9-27
$1%
Indiana
10- 1
10-
10-
20c
(quar.)
9-30
$2
1
$27a
11- 1
11-1
7
10-25
_.____ZZZZZZ
B
preferred
Co.,
25c
(irregular)
Glass, Ltd., common
preferred (quar.)
1U
$1
______———
7%
10-21
1
Co.,
Dominion
9-23
J15C
(quar.)
Mines,
4
9-20
-•iri'-.hi
•.•
1011-
Co.—
preferred
—
preferred
$6
;___
—...
Dominion
10-21
$1.50
pfd,
$3.50
9-
:
Co.—
Canadian
Dominion
10-15
_____
5%
9-24
$l3/4
Corp.-Seagrams,
Cup
—
pfd. (quar.)
(quarterly).
(quarterly)—
Products
Alkali
pfd.
(quar.)—
Dodge Cork Co
Dome
9-25
50c
Steel
less
Dixie
—
Bon-Ami Co., class A (quar.)
Class B (quar.)—
1
$1
—
Mfg.
participating
Distillers
9-21
15c
62 %c
,
fi%
10"jf
(quar.)
Stockyards, 5J/2%
Diamond
10-18
50c
common
1
10-
75c
pfd.
(quar.)
Detroit
10-15
(s-a)
—
common
preferred
Denver Union
9-30$
class A (quar.)
Co. of Canada (quar.)—.-A-.
Biltmore
Hats, Ltd. (quarterly)—1J_
Blaw-Knox Co. (interim)
L4—.——■
Ribbon
&
9-15
Bell Telephone
Blue
Deere
10-15
$2
25c
—
Ltd.,
Bros.,
3
(quar.)__——_i.
preferred
1
10-
>
1
$1%
Hummell-Ross Fibre Corp.—
i
11-
$17.
...
preferred (quar.)_l__
(quarterly)
7% 2nd preferred
(quarterly)
Humberstone Shoe Co., Ltd.
(interim)
9-20
ho-
10-
25c
(quar.)
(accum.)
Dayton & Michigan RR., 8%
2
12-
Publishing
prior preferred
——
common
preference
Co.—
&
(quarterly).——1;
Bangor Hydro-Electric
10-14*
10-
Stores,
Co.
(quar.)
Monthly)—:
(irregular)
(irregular) —j.
Mills, common—
6%
1
10-15
$4
Drug
Gasket
Co.
preferred
Baldwin
11-
10-13
12 -15
15c
Co.
—
(extra)
class A prior
Edison
Mills J
Babcock-Wilcox
10-15
6 7»
Curtis
Clinton RR.
Detroit
& Sons Co.—
Backstay Welt
10-15
$1%
(annual)
—
Detroit
Rayon
preferred convertible A
pfd.
Refining,
9-15
——__
Corp., common—
$2.50 prior preference (quar.)
Atlantic Refining Co.—
special
preferred
$2.25
pfd.
10- 1
10c
$1%
10-11
(quarterly)
5%
Bros.
1st
25C
—
common (quar.)_„
(quarterly)
class A (irregular)
Creameries of America, common—.
Creamery Package Mfg. (quarterly)
Crum & Forster, common (quar.).
8%
preferred
(quarterly)
7%
Scale,
Howes
9-15
1
1
preferred
$1%
common
Corporate Investors Ltd.,
9-15
Hocking Glass, common—
Anglo-Iranian Oil (ordinary) (final)
Avery
Products
60c
10-15
Anchor
Atlantic
Rubber,
Co.
Household Finance
Corp,,
12-24
12-31
10-
$l3/4
—
Converse
10-15
(quar.)
7%
Houdaille-Hershey, class
Intertype
(quar.)
Corp.,
15c
Cable-
(quar.)„
(quar.)
$1.12%
(quar.)
Corp
Co.,
&
25c
(quarterly)
pfd
Hoover
9-11
75c
—
preferred
Telephone, 6^270 pfd. (quar.)
6V2 %
preferred (quar.)
1% participating preferred (quar.)
1%
participating preferred (quar.)
5
American
Co. 472%
8%
1
11-15
8*
15c
9-11
6272C
11-
___.
1
$1.87 y2
10-
$1%
V
1
;"•
1
$1.25
(quar.)
10-
Elec.—
preferred
preferred
Refractories
preferred
10-
25c
■
Corp. of America
prior
Mobile &
5 %
1
11-
>
Co., Inc.
$1%
43 %C
common
Continental
11-25
12-
Seal-Kap
Corp.,
—
Continental Steel
(quar.)
(quarterly)
Ohio RR., $5 preferred
L.)
Extra
9-11
9-24
$1
Hibbard, Spencer, Bartlett & Co."~(monthly)
Hollinger Consolidated Gold Mines
(monthly)
Holly Development Co. (quarterly)
10-30
9-30
10-
»'
50c
preferred
9-27
11-15
10-16
10-11
-7-.
10-11
10-1
10-15
1
1
_____
Harrisburg Gas, 1% preferred
Battery Co. (interim).:
1
10-25
11-
Hart
9-10*
10-
$2
(quar.)
&
in
$1
Coal Co., $2'/2 preferred
Co. (Toronto, Ont.) (quar.)_
Power, $4V2 preferred (quar.)
preferred (quar.)
Culver & Port
—
1
1
10-11
of
$17a
Consumers
1
10-15
Steel
(60/250th
share
cash) (resumed)
90c
—
preferred
$6
or
•
(H.
$5
Consolidation
1
37112C
Growers
10n~
'
11-
$ 17e
25C
Consumers Gas
12-15
$1%
American
9-30
,
9-30
15c
_Z,.;
(quar.)_
preferred
2nd
6 %
'
9-30
5c
$1.25
—
7% pfd. A (quar.)
5% pfd. (quar.)
Hoe Co., 6% pfd. (quar.)_
American Rolling Mill
-
preferred (quar.)
Consolidated
Corn
pfd.
—
—
preferred
Gas
50c
^
6%
9-30
25c
Corp.,—
(quar.)
Consolidated Machine Tool, $6 1st pfd. (quar.)
Consolidated Retail Stores, common
$7'/2
Baking,
$1.50
7%
10-15
10-15
Laundries
Continental
Envelope Co.,
Products
10-15
55c
common
(quar.)—
Container
Export Lines,
Maize
11-1
Elec. Lt. & Pow.—
Continental
1
American
American
Gulf
Industries—
9-17
Light Corp.—
div. series of 1928
American Paper Goods Co.,
Green
9-15
$20c
___
Canada—
(accum.)
Gas,
9-30
10-
American
American Home
of
(quarterly)
preferred
Consolidated
12-18
11-
——\
&
preferred
Consolidated Film
9-30
25c
—
(quar.)———
or
9-15
25c
(quar.)
I
Goods Co.,
(s-a)
preferred
1%
—
cash)
7%
9-30
$1%
(l/64th share of class B stock
Insurance
preferred C (quar.)-.
4Vi% preferred B (quar.)
10-
$2%
Power
Life
Bakeries
Consolidated
$1
—
Cities
General
Dry
12-20
10-15
50c
(year end)
American
1
10- 1
75C
47»
$1.0674
class A
9-15
10-
T/c
(quarterly)
Consolidated
12-22
10-10
$l3/4
—
Extra
in
1
35c
Asphalt Roof Corp.—
preferred
10-1
25C
Howe
..
12-15
t$iy4
$4.25 convertible preferred
American
Connecticut
10-20
$l'/4
$7 preferred
$3
1
1-3-44
30c
15c
common
(quar.)
convertible
6%
11-
62 %c
$1%
Canada, 5% pfd. (quar.)
Manufacturers, common (quar.)
preferred (quar.)
*
Amalgamated Leather Co.'s—
American
9-30
25c
of
Air
12-24
10-15
25c.
7%
American
12-30
$iy4
(quar.)
Aluminum
6%
9-20
10-15
10-15
35C
Mills, 5% prior pfd. (s-a)_ZZZZZZZ
Hosiery Co. Inc., 7% pfd. (quar.)__
Great Lakes
Power, 7% preferred (quar.)__
Great West
Saddlery, 6% 1st pfd. quar
9-20
1
$$1%
10-14
10-15
5C
;
6%
1
10-
10-15
-
10-22
25c
i;
_ZZ,
Gotham
-
Semi-annually
1
Connecticut Light & Power
3c
(quarterly)—.—
Super Markets,
10-
75C
Quarterly
preferred
_~_Z_Z_
Gosnold
9-30
10-30
1
1
Realty & Utilities—
Extra
Connecticut Investment Management Corp.—
25c
7;
10-20
12-
$1%
—
12-28
7c
.
———
Alberts
(quar.)
;12-11
$1
__
Alabama Power Co., $5 preferred
—
12-21
Companies
—
Co.
1
11-
$35c
Safety Razor, $5 preferred (quar.)
Brothers, Inc., $6 preferred (quar.)_
Golden State Co., Ltd.
(quar.)
7
1
9
20c
:
Inc.
1
11-
30c
i
(irregular)
$1%
pfd. (quar.)
Lt., $6 pfd. (quar.)
Gas, 77c preferred (accum.)
Confederation Life Association (Ontario)—
$3
10-
10-
75c
Concord
4
1
35c
572%
&
"ZZZZ
ZZ_
11-
20c
Gimbel
11-
75c
(quar.)
Water,
20c
Gillette
10-15
Consolidated Edison Co. of New York, Inc.—
—-—~———
Reduction
10-
11-15
10-15
$5c
(accum.);
$7 preferred
1
Corp.—
Commonwealth Water
10-15
$3%
(quar.).
Co
Harbison-Walker
1-1-44
$2
Miscellaneous
Addressograph-Multigraph Corp.
Aero Supply Mfg., class B—i
Fund
(quar.)
Air
10-15
15c
Abbott Laboratories, 4%
Affiliated
preferred
$6
12-
$1.63
—
(quar.)
Co.
Southern
Mills,
Optional
10-20
$10c
Trust
Edison
&
Consolidated
Trust Co. of Baltimore
(irregular)— •'•
S. Nat'l Bank (Portland, Ore.) (quar.)—
Wallingford Bank & Trust (Conn.) (quar.)_
Whitney Nat'l Bank (New Orleans) (quar.)
and
Investment
10-30
(accum.).
com.
(quar.)
Electric—
(quarterly)
Commonwealth
10-11
25c
U.
Extra
12-24
10-15
$1
Union
Co.
1-3-44
(Youngstown, O.)—
Industrial
Ohio
5
9-30
Corp. (quarterly)
Corp., $4.50 pfd. (quar.)
Foods
General
75c
$8
(quar.)
2*
75c
.
$1V3
.
Stock
12-24
$3
(quar.)
preferred
Commercial
12-24
$2%
Trust
Southern
10-
10-15
General
$1%
Connecticut Gas & Coke Securities—
(quar.)—
Quarterly
Acme
12-31
1-3-44
25c
(quar.)
Bank
10-30
$1%
Puget Sound Nat'l Bank (Tacoma) (quar.)„
Riggs National Bank, (Wash., D. C.)—
Common
11-15
$1
(quar.)_—,
Bank & Trust
&
10-20
$174
General Motors Corp., $5
preferred <quar.)_
General Outdoor Advertising. 6%
pfd.
$1%
:
___
preferred (quarterly)
Commercial Alcohols, Ltd., common
9-30
$1.13
(quar.)
i—
Nat'l
Columbus
5
37 %c
(quar.)___
9-30
$25c
Baking, common
participating preferred (quar.)„
Participating
Commonwealth
•
Security Bank
10-15
Wash., D. C.)—
Extra
•
1- 3-44 12-18
$3
——■
(
9-30
10-15
50c
Semi-annually
Pittsfield Third
$1
10-
9-30
$3c
(s-a)
(quar.)_
Commonwealth
—
N. Y.
National Metropolitan Bank
National
5
10-
10-15
40c
(quar.)
—
National Bank of Auburn,
Ltd.
10-15
10-15
$1%
Mines
Gold
Co..
10-
10-15
$1%
—
$6 preferred B (quar.)
preferred
8%
Pa.
General
15c
___________
77c
67a %
(Syracuse)—
Pottsville,
—
12-10
12-14
—
—
i
Coal-,
Columbia
Munsey Trust Co. (Wash, D. C.) (quar.)—;
:
$7
—
—
10-14
$1V4
(quarterly)
preferred (quar.)
Water Works, 77c pfd.
(quar.)
10-20
t$2
(quarterly)——
Bank (Milw.)—
••
10-29
common
(quar.)
Insurance
12-15;
1
(N. Y.)—
preferred
National
Quarterly
•
General
9-15
12-15
11-
50c
convertible
$2
Marine
10-14
10-2
10-15
Finance
10-29
10-15
Cochenour
—
Manufacturers Trust Co.
Baking Co.
Capital Corp.
Electric
1
10-31
:
General
11-
75c
preferred
General
25C
preferred
preferred
General
10-
Title
9-30
(quar.)
Co.
of
Canada
(quar.)
Fundamental Investors Inc.__
11-20
Clinchfield
10-15
20c
F.)
6c
(quar.)
9-30
$1%
10-15
•Foundation
9
10-15
Co.
participating
9-30
12-10
Oil
12-U
10-15
$4
5% preferred
Cement—
9-15
10-
$1
Cotton
i$iV4
Quarterly
■i
10-20
12-11
12-31
$1.75
3772C
Inc.
City
1
'
Quarterly
1%
25c
•
10-20
.
Lincoln Nat'l. Bk. & Trust (Syracuse, N. Y.)
10-30
12-31
75C
•
9-30
10-15
25c
_ZZ
iS.
Froedtert Grain &
Malting,
Extra:
9-30
10-30
12*15
(quar.)____'
H.),
Portland
12 %c
11-
—
—
11-30
10- 1
Cincinnati New Orleans & Texas Ry.—
—
Imperial Bank of Canada (quar.)——-—
Industrial
Florida
$174
—
12-21
(quar.)*—__
Canada
9-30
$$1%
(quar.)„
(quar.)
Associates
Fund,
$ 1V2
___
__
10-15
10-15
12-20
__________
Fireman's Fund Insurance
Firestone Tire & Rubber
2
12-20
(accum.)
0-21
1-
9-16
3
United
$-25
11- 1
9-30
4
1-
$174
—.—....IZZZZZZ
10-11
$50c
10-12
10-
Stores—
10-30
$$1.30
5
11-20
25c
preferred
(M.
10-
1
12-1
$2%
Cleaning & Dyeing Co.—
(quarterly)
(Marshall) & Co. (quarterly)
7%
•11-
'•$1.25
(quar.)
Shoe
$52c
$15c
*
common
$50c
$$iy4
pfd.
Ry.
pfd.
preferred
$7
of Rec.
50c
$5
(quar.)
Curme
to
Fenton
Field
$$1.50;
30C
(quar.)
.___
&
$3.50
9-20
$$174
77c
Shops,
preferred
Feltman
Holder$
10-15
20c
Common
67c
9-20
15C
57c
(quar.)_
(Montreal)
(quarterly)
10-30
10-15
preferred
Metallurgical,
Bake
$1.20
12-31
31V4C
(Wichita, Kan.)
10-30
11-15
10-25
s
25c
'—
(quar.)
Fourth Nat'l Bank
11-15
(quar.)—i
;—
Chicago & Eastern Illinois RR., $2 class A—
Chicago Mail Order, common (irregular) —
First Natl. Tr. & Savs. Bank of San Diego—
—
9-30
$15c
—
25c
(quar.)
9-30
10-15
$5
15c
57e preferred (s-a)
Federal Services Finance
Corp. (Wash., D. C.)—-
9-30
10-15
Chickasha
1
11-
(Montclair,
—____■_—.
_
•Common
Aguirre
Chemical
10-15*
10-15
$$l3/4-
—
__—
Ohio
&
Corp., common
preferred
Central
—
Bk. & Trust Co. (Oklahoma City)—
Quarterly
Ltd.,
1
Fansteel
Federal
11
Ltd.—
Celotex
20c
(quarterly)
First Natl.
(Macon, Ga.)
—
Nat'l
J.)
Co.
12-10
5c
Bk.
12-17
Cos.,
11-
11-15
9-
62 %c
—
Investments
Clinchfield
1
37%c
—
——
Oil
Canadian
12-
10-15
Payable
European & North American Ry. (s-a)
I
Eversharp, Inc., 5% preferred (quar.)______
Fishman
—
B
Carolina
>•' ;
70c
Quarterly
General
11-15
75c
—
(quar.)
50c
____
First Natl.
Products
(interim)
11-15
$1%
Foreign Investment Corp.—
Common
$1
Pa.)
(Stockton,
Canadian Food
10-25
1
1
$1%
.
Railroad,
Esquire Inc.
Ltd.—
Co.
(quarterly)__
50c
i
Bank
10-25
1
12-
$1%
—
Fairbanks-Morse
preferred
11-
50C
(1927
Erie
4
12-
$5c
.
11- 1
$1
——■
Extra
N.
12-29
$3
1
——
Quarterly
First
10-
1-1
12-31
5
10-
$1
First National Bank
*
10-15
40c
------—
First Nat'l
12-23
$1V2
—
.
Natl.
12-20
1-3-44
$1
;
——
Extra
"..•)••
12-44
12-30
12-31
10-15
1
10-
7
When
share
Company
&
Phonograph Co.— * '
1
Initial
(quarterly)
Employers Casualty Co. (Dallas)' (quar.j.Z
9-23
1
$1%
Power, $3 pfd. (quar.)—
Power, 6% pfd. iquar.)_
1-1-44
1
6%
—
■-
.
preferred
$1
11-
1
(Palm Beach)—
Monthly
Extra
67c
$1%
Bank
Bank
Electric
California-Oregon
series) (quarterly)
77c
preferred (quarterly)——
California Packing Corp.. common tquar.)
5% preferred (quarterly)
Canada Northern Power, 7% pfd. (quar.)
Common
(quar.)
_j.
Canadian Car & Foundry—
77e partic. preferred (quar.)——
Canadian Converters Ltd. (quar.)
10-
75c
(Portland, Ore.) (quar.)
First Nat'l Bank (Memphis, Tenn.) (quar.)^i
First Nat'l
California
9-30
9
$1%
(quar.)__
Mass.)
12-24
10-15
10-
$$2
Depositors Trust Co. (Augusta, Me.) (s-a)_.
Bank of Canada (quar.)__
Drovers National Bank (Chicago) (quar.)__
Empire Trust Co. (N. Y.) (quarterly)
Fifth Third Union Trust Co. (Cinn.) (quar.)
First Nat'l Bank (Cincinnati, O.) (quar.)__
Bank
12-24
Same of
Emerson Radio
9-30
40c
preferred (quar.)--————.
Calgary & Edmonton Corp. (interim)
"
$1
11-
10-
40c
—___■
_
5%
9-30
12-30
40c
10-15
25c
1-3-44
37 V2c
—
Dominion
First National
'
10-15
$25c
Burlington Mills Corp., common
1*
9-30
10-11
Per
of Ree.
10-15
$50c
Gas—
Payable
$l3/4
(quar.)
Union
1387
Ji older t
30c
■
—
1
11-
50c
(Dallas, Tex.) (quar.)
(Wilmington) (quar.)
Co.
class
(quar.)
Extra
(Richmond, Va.) (quar.)
Power,
A
Brooklyn
12-21
10-
Columbia
When
thare
Brompton Pulp & Paper Co. Ltd.
9-30
-
2
10-15
500
—
t$l%
Nat'l Bank
Delaware
1-
Name of Comparut
,
(Toronto)—
Quarterly
Central
30c
7
British
5
10-
Per
Bridgeport Hydraulic (quar.)—„„—_
Bridgeport Machine, 7%' pfd. (quar.)
9-30
10-15
(s-a)
(Detroit)
Bensonhurst National Bank (B'klyn)
'~r-
of Roe.
Payable
(San Fran)—
preferred
convertible
4 %
Bankers Trust Co.
than
;>
Hoi&era
When
Per
Forbes,
(quar.)—
(quar.)
common____
(quarterly)—:
Co., 67c
preferred
—
(quar.)__
■
35c
10-15
$1%
10-15
$1%
11-15
9-30*
9-30*
11-
5
:
THE COMMERCIAL & FINANCIAL CHRONICLE
1388
When
Holders
Payable
of Reo.
50c
10-15
9-30
10c
10-15
10-
5
15c
10-15
10-
5
Per
share
Name of Company
Mahcin
Co., $2 class A pfd.
(R. C.)
Manhattan
Extra
Inc.
Fund,
Bond
(quar.)_
(quar.
———
Margay Oil
(quar.),_
(quar.)
—
Telegraph Co., Ltd.—
Corp.
10-15
37V2c
Calculating Machine Co.
Marchant
25c
,
9-20
Common
7%
(quar.)
(quar.)
(shown under letter "F")
Massachusetts
Utilities
5 %
;
19C
(quar.)
9-20
9-30
62'/2c
10-15
11-30
11-15
(quar.)
433/4C
&
1
10-15
9-15
11-
1
10-11
$l'/2
11-
1
10-11
11-
1
10-15
$1.75
-
2-1-44
10-15
10-5
$1
10-15
9-30
50c
10-15
9-25
$1%
10-15
10-
5c
10-15
10-8
35c
(irregular)
Supply
Electric Service Co.
Missouri Gas &
9-30
.
$1.75
7% pfd
7%
12-
$1>
2^c
—
Merchants Refrigerating Co.,
preferred
Midwest Piping
30-25
____________
Co., common——-———-—
preferred
West P.enn Power, 4>/a%s pfd. (quar.)—_____
Western Tablet & Stationery—
Mohawk Rubber Co.—_—
Monongahela Valley Water, 7%' pfd. (quar.)
.Monroe Loan Society Class A (quaf.—
5Va
" preferred
(quar.
Holders
'
Per
5%
1
12-
1
11-26
San
$2.2*5
12-
1
11-10
$2.25
12-
1
11-10
Quarterly
Co., Ltd.
Scott Paper Co., $4 preferred
Francisco
Remedial
-10-20
Western
Union
9-23
Weston
(George)
9-15
12-
11-15
l
12-21
«12-15
1
5%
12-15
12-21
10-21
11-
2nd
.
Electric
Power
1
11-20
Wood
&
10-15
Alexander
preferred
Quarterly
9-23
12-23
12-15
♦Transfer
ton
12-15
12-31
11-1
10-15
n" 1
10'15
10-31
10-15
10-15
11- l
10-20*
10-15
$$1.^5
'
9-30
1110-
6
9-25
12-15
il3ic
-
1
12- 4
10-15
;
>
50c
Jamaica income tax.
books
not
of
closed
for
this
dividend,
dividends.
accumulated
in Canadian funds, tax deductible at the source.
Non¬
resident tax, 15%; resident tax, 7%.
a Less British Income tax.
10-20
50c
1
1
9-28
$1
1
11-
Ltd.—
James
(accum.)——.
account
12-15
9-30
1
12-
2
$ Payable
12-1
37>/2c
1010-
1-
——
xLess 30%
12-15
5
10-15
.$1 Va
(1897)
Ymir Yankee Girl Gold Mines
(resumed)—
Zion's Cooperative Mercantile Institutions—
9-30
9-30
12-23
preferred
7%
9-23
11-1
;
10-
8
$1.50
(quar.)—________
Electric, 4'/2% pfd. (quar.)
10-15
10-1
5
Co.—
Wisconsin Gas &
1
10-
^
Wisconsin
5
9-24
10-
$iy4
(quar.i—
11- 1
10-
10-15
11-"K
$$iy4
.
10- 9
11-
50c
.
(quar.)
12-1
10-15
12-20
$134
pfd.
10-20
12-
9-20
1-3.44
Extra
6%
61 Bee,
$114
Water, 7% preferred (quar.)
$iy4
Wilsil, Ltd. (quar.)_—• f.25c
Winstead Hosiery, common (quar.)——$l'/2
10-15
11-1
Holders
10-15
Wichita
10-15
11-1
preferred
*
Payable
$iy8
White Rock Mineral Springs—
7%
1st preferred (quar.).._
Ltd,, 5%
When
■
share
.
—
1
H5c
Loan
(quar.)
Telegraph
10-14
$iye
34 % c
preferred
10-15
11-
.
9-30
$7
______
preferred (accum.)—————————
McClatchy Newspapers, 7% pfd. (quar.) —
McColl-Frontenac Oil, 6% pfd. (quar.)
7%
6%
9-30
.
Mattiessen & Hegeler Zinc—
McLellan Stores
10-20
—
9-30
10-20
20c
^
5% preferred (s-a)——$2'/2
Reading Co., 2nd preferred (quar.)—
50c
Regent Knitting Mills, Ltd.
$25c
$1.60 non-cum. preferred (quar.)
40c
Reliable Stores, common (quarterly)
_•____
12'/2C
5%
convertible preferred (quarterly)
37V2C
Reliance Mfg., common—
30c
Republic Investors, Fund, Inc.—
6%
preferred A (quar.)
15c
6% preferred B (quar.)
15c
Reymer & Brothers (irregular)
21c
Rochester Button, common (quar.)
25c
$iy2 convertible preferred (quar;)—
37Vs>c
St. Croix Paper Co. (quar.$1
St. Lawrence Corp, Ltd.—
4% class A convertible preferred (quar.)__
$25c
St. Lawrence Flour Mills, common (quar.)__
$35c
7% preferred (quarterly)t$l3/4
St. Lawrence Paper Mills, 6% pfd. (accum.)
1
?75c
St. Louis Bridge, 6% 1st preferred (s-a)____
$3
3%
2nd preferred
(s-a)__
•
$iy2
St. Louis Public Service CompanyClass A and Class B (irregular)
25c
Associates—
preferred
participating
37J/sC
—_
TrUst—
Investors
Name of Comvany
—_
Maryland Drydock Co., common..
Massachusetts
10-15
10-15
m'/aC
preferred
Marshall Field
of Reo.
Rath Packing Co.,
9-20
10-15
ti7y2c
—_—i—
When
Payable
$iy2
Employees Corp., 80c preferred (quar.)
Railway Equipment & Realty—
$6 preferred (accum.)____—.——
9-30
10- 9
Per
share
Name of Company
RR.
Maritime Telephone &
Monday, October^ 1943
9-30
Association—
—
Chemical—
Monsanto
_______________—
preferred A (s-a)—__—
———
$4 J/2 preferred B (s-a)
$4 preferred C (s-a) __———:——
Montana Power, $6 preferred (quarterly)—;
Montgomery Ward & Co., Inc., com. (quar.)_
Montreal Light, Heat & Power Consolidated$4y2
$2
Products
Corp
11-
1
$4y2
9-14
Security
_—$1
10-11
t48c
10-15
9-15
$iy2
1-3-44
1-3-44
$1
1
10-
8
10-
Common
11-25
50c
—
12-
Signal
9-30
South
10-18
__
Co
Battery
National Bond
12-28
10-15
9-30
(irregular) ______
(quarterly) —
preferred (quar.) ________
National Department Stores Corp.—
Common
(quarterly)
—
—
:
National Distillers Products (quarterly)
National Electric Welding Machine
(quar.)
National Erie, 5% non-cum. 1st pfd. (s-a) —
3% non-cum. 2nd preferred (s-a)__—
National Fuel Gas (quarterly)
National Funding Corp., class A (quar.)_—
Class B (quar.)
•
—
National Lead, 6% preferred B (quar.)—
National Power & Light, $6 pfd. (quar.)—_
National Steel Car Corp. (quar.)———
National Tea, 5Vz% preferred (quarterly) __
Naumkeag Steam. Cotton (quarterly) _______
Newark Telephone Co., 6% preferred (quar.)
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred (quar.)
—_
Newberry (J. J.) Realty Co.
■6V9% preferred A (quar.).
6%
preferred B (quar.)—
New Haven Clock, 6 V2 % pfd.
(accum.)—,_
1
1
preferred (quarterly)
New England Telephone (quar.)__
Southern Wholesale Phosphate & Acid Works
10-16
10-
10-15
50e
11-
2c
10-30
10-20
$2'/2
•
12-20
12-
1
12-20
12-
1
$iya
•
25c
10-20
9-30
35c
10-20
9-30
$l»/2
11-
$iy3
1
10-15
11-
13%c
1
$1
10*11
$iy2
10- 9
9-15
10-15
11-
1
10-16
$iy2
11-
1
10-16
$lS/8
10-11
10-
50c
—-
,.
11-15
Northern Ontario
6%
Power,
common
11- 1
Northern States Power Co.
6%
preferred
preferred
7%
11-23
Northern
$5
States
Power
(Minn.)
9-30
10-20
9-30
10-20
9-30
$iy4
10-15
9-30
75c
10-15
9-25
Mfg.
10-15
10-
50c
11-
10-20
Ontario Steel Products, Ltd.,
com.
10-11
10-
t25c
11-15
10-15
(interim)
Mines
______
Common
Trenton
9-30
10-15
9-30
U.
10-
1
U. S. Hoffman
10-15
10-
6
U.
S.
U.
S
9-30
1-1-44
11- 5
2-15-44
2-5-44
35C
t75c
t$iy2
11-15
10-
1
12-
1
11-
$1.27 «/2
1
11-
7%
1
15c
$iy2
10-25
10-
10-
U.
1
30c
10-15
10-22
1010-
1
10-9
10-1
10-25
10- 9
$i
________
Co.
$l3/4
.__
$iy2
(quar.)—
stock (quar.)—
7% pfd. (quar.)_
of Canada, 6% 1st pfd. (quar.)
6% non-cum. partic, preferred (quar.)
Premier Gold Mining Co. Ltd—
Employees
Power Corp.
__
Preston
East Dome
Mines (quar.)
Procter
&
9-24
of
1
common
and
class A common
held
5
9-10
10-21
9-27
10-20.
9-30
15c
10-20
9-30
$1%
12-15
1-2-15
$$lJ/2
10-15
9-20
10-15
9-20
tlbCjy
nv.M
.
preferred (quar.) —
Prosperity Co., 5 % preferred (quar.)
—
Class A & B (stock dividend)—
:
3 sba*ejH)f class B common for each 100
Gamble,
10-
•
10-15
9-15
tm
$%>
shares
10c
_—
Pollack Paper Box Co.,
10-15
9-15
IF-
10-15
9-24
10-15
10- 5
$x %
class B
10-15
10- 5
50 c
10-15
9-15
50c
11-15
10-15
——_—_______
Public Service Corp. of N. J.—•
preferred (monthly)
6%
preferred (monthly)-.
Puget Sound Power & Light—
0'%
$5 prior
preferred (accum.)
_
-
————
(George)
Fund of Boston—______
Quaker Oats Co.,
6% preferred (quar.)—__
Putnam
Radio-Keith-Orpheum Corp., 6% pfd. (accum.)
Plywood Corp.,
$1 Ye,
15C.
$iy2.
$3
10-15
9-21
10-15'
9-30
11-30
11*
11-1
10-20
1
12- 1
1- 3
1-3
1- 3
63,222
assets
.
46
~
2,221
+
:
80
—
1,747
13,906
+
309,621
+
5,793,756
105,009
+
4,585,090
432,388
+
462,191
133,340
31,547,912
;
+1
15,243,402
12,054,408
'681,954
__
"
+
+
21.219
+
261,120
1,207,854
Other
24,431 %
440,747
——
Total
deposits
Deferred availability items—.
Other liabs., incl. accrd. divs..
+
11,107
■
—
19,708
+
724,822
103,509
+
430,143
691
+
4,092
310,181
14,384,963
+
5,744,147
312,372
1,480,693
8,535
+
■
Total liabilities
■■■_■.
—_
31,117,593
Capital AccountsCapital paid in—
(Section 7)—
Surplus (Section 13b)__
Other capital accounts
:
+
4.696
160,411
+
2,909
26,829
+
48
+
41,956
+
5.793,756
149,980
Surplus
31
+
529
93,099
..
.
Total liabilities & cap. accts.
Ratio of total
Commitments
to
9-14
cities
50c
68%c
.4%
—
16.9%
indus¬
make
328
11,461
shows
week
ended
10-15
:
—
726
The condition statement of weekly reporting member
banks
,
309,621
+
Condition Statement of Member Banks
9-23
10- 5
68.7%
trial advances
9-10
.10- 5
31,547,912
to deposit'&
res.
F. R. note liabilities combined
10- 3
9-14
9-30
of
United
Federal
the
the
Reserve
following
System
principal
in
101
changes
leading
for the
Sept. 22: An increase of $1,426,000,000 in
Government deposits, and decreases of
States
$1,247,000,000 in demand deposits-adjusted, $606,000,000 in
deposits credited to domestic banks, and $972,000,000 in
12-29
12-23
11-1
10-19
11-
1
10-15*
11-1
10-15*
reserve
10-20
10- 9
50c
12-20
11-30*
75c
10-15
Commercial, industrial and agricultural loans in¬
creased $69,000,000 in New York City, and $140,000,000
at all reporting member banks.
Loans to brokers and
dealers in securities increased $52,000,000 in New York
25c
——
•
—
——__
(quar.)-——
•
9-30
9-30
balances with Federal Reserve Banks.
City, $45,000,000 in the Cleveland District, $25,000,000 in
Chicago District, and $136,000,000 at all reporting
Other loans for purchasing or carrying
securities increased $37,000,000 in the San Francisco Dis¬
10- 1*
———_—
1- 3*
the
4- 3*
member banks.
Leaf
Tobacco
Co.,
com.
(quar.)__
$1
11-1
________
__________
7%
595,850
38,489
Foreign
1-3-44
12-17
4-1-44 3-15-44
7-1-44 6-15-44
JKPPer Michigan Power & Light—
6% preferred (quar.)— —75c
1-1-44
Utica
Knitting Co.—
5% prior preferred (quar.)
62y2c
1-3-44
Vapor Car Heating, 7% preferred (quar.)__
$1.75
12-10
Virginian Ry., 6% preferred (quar.)——37»/2c
11- 1
6% preferred (quar.)
37,/2c '2-1-44
6% preferred (quar.)
37'/2c
5-1-44
6% preferred (quar.)
37Vic 8-1-44
Vulcan Detinning Co., 7% pfd. (quar.)—__
$1%
10-20
Warren Bros. Co., $1.35 class A (s-a)_
67V2c
2- 1
$2.50 class B (accum.)
* $lJ/4 "
10-15
Washington Gas Light———_
37J/2c
11-1
Washington Railway & Electric Co.—
5%
preferred
(quar.)
:
$1.25
12- 1
5%
preferred (s-a)
$2.50
12- 1
Went worth Mfg. Co
—•
12'Ac
10-15
West Indies Sugar, common (irregular)
25c
12-16
West Michigan Steel Foundry—
$1.75 convertible preferred (quarterly)—
433Ac \ 12- 1
7% preferred (quarterly)—^
17'/2C
11- 1
West Penn Electric, 6% preferred (quar.)__
$1V2
11-15
7% preferred (quarterly)————$1%'
11*15
Western
+
30c
;—
preferred (quarterly)—
Sugar Corp., $5 preferred
Universal
46,916
234,157
5,603,194
+
+
12-15
——T_—
|
+
(-5,601,168
Liabilities—
10-15
11-15
11-15
11-15
12-15
12-15
37y2c
25c
common
____
1
10-22
S.
376
127
78,415
—
—
1
1
11-
10-15
10-15
11-1
12- 1
12-1
87J/2c
10-15
$1.25.,
1Q-15
$5 preferred (quar.)
$1.25 1-15-44
$5 preferred (quar.)
$1,25 4-15-44
$5 preferred (quar)
—
;
$1.25 7-15-44
6.4% preferred A (quar.) _i.„—
—40c
12-10
6.4% preferred A (quar.) ______———_
40c 3-10-44
6.4% preferred A (quar.)___—4Qc 6-10-44
United Stockyards, 70c conv. pfd. (quar.)__
17'/2c
10-15
Universal Laboratories, common (quar.)
62J/2c
12- 5
1
12-
+
i_—
—
10-10
preferred (quarterly)
i—
Machinery, 5'/2% pfd. (quar.)
Chemical (quarterly)——
Common
$1.10
11- i
11-1
$4.25
62J/2c
Industrial
____—
1
43,382
1,830,249
assets
Total
Corp.-r-
(quar.)„
United States Pipe & Foundry Co.—
Quarterly
—
U. S. Smelting Refining & Mining Co.—
10-15
11-
15
: +4 ,943,465
35,606
banks—
F. R. notes in act. circulation.
9-23
_—____
Extra
12-15
11-15
64,706
___
843,405
+
25c
partic.
10-15
10-15
,
Cordage
Cold Storage
$i
Philip Morris (shown under letter M)
Plymouth
S.
4%
$i
'$2 y2.
(quar.)i—_
10-15
$l'/4
$l>/4
United Shoe
50c
50c
foreign
premises
Other
9-28
$l'/4
Canal
&
185,687
2,000
2,000
29,100
+
9,193,419
notes of other banks—
Bank
11-10
9-30
10-19
10-19
50c
_.—
10-15
RR.
J.
3,265
9,168,459
Uncollected items
11-24
10- 8
11-15
10-15
11-1
11-1
50c
^
—
$iy2
35c
from
F. R.
9-1
9-17
9-30
58y3C
53c
__—
9-30*
50c
Pittsburgh Coal Co., 6% partic. pfd. (accum.)
Pittsburgh Fort Wayne & Chicago Ry.—
7% preferred (quar.)
Pittsburgh Screw &• Spit—
___________
Due
Mfrs.—
9-30
(irregular)
RR.
N.
4,018
5,291
+
748
—
5,600,261
direct and guaranteed—_
12-17
10-7
10-7
58'/aC
53c
50c
58'/3C
53c
,
United .Paperboard,
5
'40c
&
&
8,524
+
689,900
1,347,250
Total bills and securities
9-30
12-31
'
Total U. S.
10-30
50c
________
10-15
.
Philadelphia
11-15
.
+
1,531,048
—
Bills
9-21
9-21
10c
10-15
.
______
.
10-15
15c
—
50c
—
Participating preferred
•
$l'/4
10-
&
Enterprises Consol., Inc.—_
Peninsular Telephone, common (quar.)_
$1.40 cumulative class A (quar.)
$1.40 cumulative class A (quar.)——
Pennmans Ltd., common (quarterly)
6Co
preferred (quarterly)—
Pennsylvania Electric Co.—
4.40% preferred class B (initial)—
5.10% preferred class A (quar.)
Philadelphia Co., common
6% preferred (s-a)
Philadelphia National Insurance (s-a)__
Philadelphia Transportation-
10-10
10-10
•
direct
Bonds
9-30
25c
$$1%
———
Merchants
United
10-15
10-15
:
$4 preferred (quar.)—
10-15
tVA
$75c
(quar.)
6% preferred (irreg.)—
Machinery, common (quar.)—_
6%
preferred (quarterly) —
______
U.S. Fidelity & Guaranty Co. (Bait.)—____
11-15
securities,
and guaranteed:
Certificates
10- 5
10-15
50c
(monthly)
preferred
9,309
Deposits:
Co._
preferred (quar.)
preferred (quar.)
5% preferred (quar.)
1
25c
Panhandle Eastern Pipe Line Co., common—
Patino
1
t$l3/4
_______
10-15
11- 1
11,965
Govt,
Notes
12-2
50c
—
—
$i
preferred (quar.)
Corporation (quarterly)—
Pacific Gas & Electric (quar.)__
Pacific Lighting Corp., $5 pfd. (quar.)—_
Pacific Tel. & Tel., 6% pfd. (quar.)
7%
Paraffine Cos.,
(quar.)__
5%
Packer
Panama Coca-Cola Bottling
B
5%
50c
1
S.
10-15
9-20
11- 1
10-15
31'Ac
——
United
25c
______
•
—
U.
j'"',
12,995
Industrial advances
i
10-13
110c
—
Fruit
6%
_______
Ontario
9-20
12-15
ilOc
Light & Railways Co. (Del.)-—
prior preferred (monthly)_
6.36% preferred (monthly
•_
6% prior preferred (monthly)
———
7%
prior preferred (monthly)———:_
6.36% preferred (monthly)
6% prior preferred (monthly)—_____
7%
prior preferred (monthly)
6.36% preferred (monthly)
'
9-30
10-25
$1.31'/4
——
10-15
$iy4
—
(quar.)
7%
—
(quarterly)
Ohio Match Co. (irregular)
Old Colony Trust Associates—
1st series trust shares (quarterly)
Oliver United Filters, class A (quar.)
preferred
9-30
9-30
United
$ 1 Va
__________
9-20
10-15
10-15
Total bills discounted
U. S. Treasurer—gen. accts._
Class
+.
—
.
—
Member bank—reserve acct—
United
10-25
discounted
10-11
9-30
t$iy2
:
(accum,)
10-15
10-15
Oil Co.,
9-30
12-10
bills
11-1
10-15
11- 1
10-15
12-1
(Del.)—
(accum.)
9-20
gations, direct & guarant'd
Other
9-30
10-20
25c
—
10-15
Secured by U. S. Gov't obli¬
10-18
110-20
tl2c
—
preferred (quar.)
8,524
10-1
11- 1
10-15
75c
preferred (accum.)————.
preferred (accum.)
North River Insurance Co. (quarterly)——
12,995
10-15
$1
12'/2c
68 %c
6%
5V2%
Bills discounted:
9-30
9-24
$1
$iy»
Trinity Universal Insurance (Dallas) (quar.)
Tuckett Tobacco Co., 7% preferred (quar.)_
United Drill & Tool, class A (quar.)——
North American Investment—
.
9-18
10-11
Securities—
Electric
Thew Shovel
1
Corp.—
(quar.)——
464,443
60c
35c
—_
$4 2nd preferred (accum.)
Sun Glow Industries
Sun
$1%
34,633
;•
11-1
11-1
4
9-30
11-1
20,343,991
;
J75c
Suburban
10-14
10-
Total reserves
cash
4j/2% preferred A (quar.)_____ •
$11A
Sylvanite Gold Mines (quar.)——„J3c
Tacony-Palmyra Bridge, 5% pfd. (quar.)__
$iy4
Texas Water, 6% non-cum. pfd.
(quar.)—
30c
Thermatomlc Carbon, $5 preferred (s-a).
$2»/2
10-15
.
10-15
" •
V
(quar.)
_______
10-22
11-1
t$i
(Dallas)
Ins.
—
9-30
10-15
35c
Life
Spalding (A. G.) & Bros., $1.50 pfd.. (irreg.)
Squibb (E. R.) & Sons. $5 pfd. A <quar.)__
Standard Oil Co. (Ohio), 5% pfd. (quar.)__
Standard Radio, Ltd., class A (quar.)______
Class B (quarterly)
Stanley Works, 5% preferred (quar.)
State Street Investment
(quarterly)
Stecher-Traung Lithograph Corp.—
5% preferred (quar.)—
—————_
Steel Co. of Canada, common (quarterly)—
7% preferred (quarterly)
2
10-15*
1
99,044
11-15
10-20
$1.20
$iy2
Quarterly
Southwestern
12'/2c
894
2,024
Electric—
Southern
10-16
11-
116,427
130,759
331,518
10- 4
$$iy2
(quar.)
&
Gas
4.8%
10-29
,11-
preferred
Indiana
679,914
Redemption fund—F. R. notes
Canada Power—
partic.
Southern
9-30
11-15
75C
—
Class A
10-15
50c
—
Hundred
6%
9-10*
9-30
50c
convertible
Nineteen
Southern
10-15
10-15
25c
_—
National City Lines, class A
$3
10-21
30c
15c
Sept. 30, '42
33,503
Other
37y2c
34%c
37V2c
37J/2c
______________
9-30
19,881,714
9-25
Sl'/s
5%
9-30
Decrease since
Co.—
11-1
12-
50c
National Cash Register .Co.
National Casket,
common
Edison
11-10
10-15
10-15
(quar.)——
Corp.
California
or
Sept. 22, '43
and
9-30
10c
pfd. (quar.)
4J/2%
Water,
$6
hand
on
1
J$iy2
—_
1
2c
15c
*
_
Share
Platinum—
certificates
10-25
11-
12!/2c
original preferred C (quar.)________
5y2% preferred C (quar.)
Southern California Gas Co., 6% pfd. iquar.)
Preferred class A (quarterly)____________
37j/2C
Co., common.—.
&
American Gold &
Southern
12-16
10c
$2c
Sept. 29, '43
.
due from U. 6. Treasury—
9-30
.
South Pittsburgh
$iya
(In thousands of dollars)
Assets—
10-19
1
10-15
+$ls/a
_______
Mutual Chemical Co. of America—
_
$4
(accum.)
9-30
1
11-
Gold
9-30
11-
4
..
Increase
$15c
'
10-20
10-18
National
preferred
—
Ltd.—
10-15
1
(quar.)—i—.
—
Mutual Investment Fund, Inc
Mutual System Inc., common (quar.)
8% preferred (quar.)
National Auto Fibres 6 % con v. pfd. (quar.)
Canada,
10-20
11-
preferred
of
Silbak Premier Mines, Ltd. (irregular)______
Simpson's Ltd., 6y2% preferred (accum.)—
Sinclair Oil Corp. (quar,)
Sloane-Blabon Corp.—
6% preferred class A (accum.):
Smith (Howard) Paper Mills. 6% pfd. (quar.)
9-30
10-
(Philip)
National Biscuit
Co.
(interim)
Mountain Portland Cement—
8%
1
10-15
——
Storage
—
Reserve Banks Combined
9-30
Sherwin-Williams
—
;
Statement of Condition of the 12 Federal
10- 5
10-15
:
10-1
9-30
Sedalia Water, 7% pfd. (quar.
$1%
Sheep Creek Gold Mines Ltd. (quar,$3c
10-15
10-30
10-20
6%'
1
:
10-15
37 y2 c
Power
(quar.)
50 c
75c
& Co., common (quar.)
$iy8
4V2 % preferred (quar.)___—:
$i.06 »/4
Axh'!c preferred (quar.)
—
37 y2 c
Mountain States Power Co., com..(quar.)—
62 y2 c
5% preferred (quar.)
—
$1V2
Mountain States Tel & Tel (quar.)
__■
Mountain States
Morris
preferred
Seaboard Surety Co.
10-11
.
(quar.)__
$37c
Quarterly
•
-—
Montreal Telegraph (quar.)
——
Moore (Wm, R.) Dry Goods (quar.)
Morris Plan Industrial Society (quar.)_____
Motor
11-10
12-1
$ 1 J/2
Sangamo
Grocerspfctd.,
preferred
common
(quarterly)..
(quar.)____
—:___
'
475c
$$1.75
10-15'
10-15
7- 3*
11-26*
trict, $27,000,000 in New York City, $16,000,000 in the
District, and $103,000,000 at all reporting
2-25*
5-25*
10- 1
Richmond
member banks.
12- 1
Holdings of Treasury bills increased $62,000,000 in
10^16
the Boston District, $43,000,000 in New York City, and
12-27
$87,000,000 at all reporting member banks, and declined
$21,000,000 in the' Philadelphia District Holdings of
12-24
12- 1
1-15
j
I
4-15
?
10-16
7-15
10- 9
1-15
10- 1
10-15
11-15
11-15
10- 1
12-0
11-15
10-15
10-19
10-19
9-15
-9-15
Treasury certificates of indebtedness increased
$60,000,-
OQlpn the Philadelphia District, $54,000,000 in the Bos-.
toyF District,.and $138,0(10,000 at all reporting member'
banks.
„
Holdings of United States Government bonds in¬
in the San Francisco District, $25,- '
000,000 in New York City, and $110,000,000 at all re-'
porting member banks.
j
Demand deposits-adjusted declined in all
districts,
creased $30,000,000
the principal
decreases being $301^000,00 in New York
City, $235,000,000 in the Chicago District, and $133,000 000
in
the
Cleveland
District.
United
States
Govern¬
ment deposits increased in all
districts, the principal in¬
being $440,000,000 in New York City, $217 000000 in tfie Chicago District, and $211,000,000 in the
San-
creases
Francisco District.
,
^Deposits credited to domestic banks declined in all-
Volume
158
districts,
the
principal decreases being $278,000,000
&
FINANCIAL CHRONICLE
in
of the principal
summary
and
reporting member banks,
deposit accounts, follows-
of
Pursuant to
the requirements of Section 522 of the Tariff Act of
1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in
the different countries of the
world. We give below a record for the week just
passed:
dollars)
millions of
(In
and liabilities of
debits to demand
assets
Increase { +) or
FOREIGN
EXCHANGE
RATES
CERTIFIED
BY
Decrease (—) Since
9-22-43
Loans—total
industrial,
Commercial,
brokers and dealers in securities
to
Other
loans
for
securities
Loans
purchasing or
banks
to
899
1,314
+
indebtedness
certificates of
:
—
—
bonds—
S.
U.
—
82
1
——
Obligations guaranteed by U. S. Government
Other securities
'
Reserve
1-338
12
87
1,931
138
5,155
? 5
2,300
110
5,319
23
246
Cash
vault.
in
,
with
Balances
■■■"■
—
1
258
—1,247
Time
deposits
_______
S. Government deposits—
U.
Interbank
deposits:
3,817
8,919
banks
Domestic
Foreign banks
Borrowings
to demand
interbank
Free
21
80
.060586*
.051275*
.051275*
.051275*
.051275*
.051275*
.909090
.909090
.909090
.909090
.909090
.901171
.900625
.001250
.900625
.572766*
.572766*
.572766*
'i.572766*
4.035000
,
4.035000
4.035000
.572766*
4.035000
4.035000
.301215
.301215
.301215
.301215
.301215
.301215
i.205800
.205800
.205800
.205800
.205800
.205800
.909090
.909090
__________________
.909090
.909090
.909090
.909090
.899375
.898750
.898541
.898125
.898750
.898125
3.244203
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
Zealand, pound
___,
_
3.980000
3.980000
3.980000
3.980000
3.980000
Uruguay, peso—
accounts,
.65P300*
.658300*
.658300*
.658300*
.658300*
.529550*
.529550*
.529550*
.529550*
.658300*
.
'
.529550*
14,865
;
3.228000
.060586*
4.035000
Union of South Africa, pound—
35
29
—
3.228000
.
.901250
Noncontrolled
Gov't
3.228000
-l
.060586*
Controlled
S.
3.228000
$
.060586*
—_____
U.
.529550*
♦Nominal rate.
(New York District).
15 figures revised
♦Sept.
Official—
New
124
—
.251247*
.572766*
._
1
deposit accounts except
and
week '
during
719
606
.251247*
Newfoundland, dollar—
9,066
—
763
38
——
Debits
39
1,426
+
.251247*
3.228000
,
—
.251247*
Sep.30
$
.060586*
India (British), rupee——
'-'.'".r
-■ ^
.251247*
Sep.29
■
.901875
______
England, pound sterling_____
326
31,624
5,876
10,213
—
.297733*
$
.909090
Free..;
Colombia, peso_______—
Mexico, peso__
deposits-adjusted
.297733*
Sep. 26
.051275*
Official
60
2,291
.297733*
$
.060586*
209
972
Sep. 21
.297733*
Canada, dollar—
LiabilitiesDemand
Official—______—
Free
583
1
563
—
banks
domestic
1,860
2,952
Sep.25
.297733*
:
3.228000
______
York
New
Brazil, cruzeiro—
283
4,354
8,248
4,928
8,637
with Federal Reserve Banks
$
.251247*
Australia, pound
34
23
56
1930
'
.297733*
.
Free__
•
Treasury
Transfers in
Value in United States
Money
Argentina, peso—
360
16,557
—
_
Treasury notes
Noon Buying Rate for Cable
Sep. 24
Official—;
——
—_
RESERVE B^NK; TO TREASURY UNDER
TARIFF ACT OF
SEPT. 30, 1943
TO
Country and Monetary Unit
444
103*
1,141
loans
Other
136
1,827
731
:
loans___
Treasury bills
24
14,775
+
—'
carrying
—
Real estate
+
140"'
—6,132
——
Loans
369
FEDERAL
SEPT.
9-23-42
agricultural
and
loans
731
11,225
investments—total
and
Loans
9-15-43
50,124
Assets—
1389
Foreign Exchange Rates
City and $112,000,000 in the Chicago District.
New York
A
THE COMMERCIAL
Number 4217
1
State and
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
payment
to
\ffii
Securities
Commission
and
authorized the
has
Alabama Water Service Co. to sell
its
.
water
city for
facilities
plant
a sum
follows: $2,000 in
1947, and $1,000 in 1948.
1944 to
Exchange
Holders
these
of
bonds
Bank, Little Rock.
CALIFORNIA
Palo
City
Water Plant Purchase Approved
Sells
Fund
Bonds—The
City Treasurer states
has been
000 3%
authorized by the Secur¬
Exchange Commission to
sell its water plant facilities to the
sum of $65,000.
Fairfield, Ala.
bonds
sold
Steiner
to
of
Bros,
Birmingham, as l%s, at
a price of 100.03—v.
158, p. 1287—
are
due on Sept. 20 as follows:
$2,000 in 1944 to 1949, and $1,000
in
1950 to
about
1953, giving
1.74%.
•
Y
hospital bonds whicb had
by the City Treakiry
held
Fund, were sold/recently to the American Tnm Co.
San
Francisco, paying
price
a
of 114.705, a basis cf about 1.13%.
City Treasurer
that the $16,000 public im¬
provement
$160,-
that
Investment
of
Maturity—The
states
been
a
basis of
•Y'.Y''Y vY; v."
York, Ala.
Dated Nov. 1,
1939. Due Nov. 1
as
follows:
$5,000 in 1943 and 1944,
$10,000 in 1945 to 1959, all in¬
clusive.
Principal
and
interest
(M-N) payable at the City Treas¬
and
urer's office.
The
highest bid was an
the Harris Trust & Sav¬
ings Bank of Chicago, and Hannaford & Talbot, jointly, of 114.339.
quest of the Alabama Water Ser¬
(P. O. Ordway), Colo.
$60,000.
Treasurer
Interest
(State of)
Payment
announced
by
Notice—It
is
Earl
the
State's, $133,542,000 highway
refunding bonds of 1941, are pay¬
able at Dillon, Read &
Co., New
York, at the Mercantile-Commerce
at
the
Trust Co., St. Louis, and
Treasurer's office in
State
Little Rock.
;
.
School
School
is
said
that
the
following refunding bonds are be¬
ing called for payment on Oct. 1,
at par and a^ued interest to date
called |
$flmiercial National
|t the
Bank of Little Rock:
Paving Dist. No. 2, Nos. 61RB,
62RB
and
63RB,
aggregating
$3,000.
Paving Dist. No. 3, Nos. 55RB,
56RB
and
57RB,
aggregating
$3,000.
Dated
1950.
.
Oct.
(P.
1, 1941. Due Oct.
1,
O.
Sewer
Dist.
No.
58
Ccmmacks), Ark.
Chairman,
is
calling
for
Special,
1,
School
No.
7,
Special,
School
No.
District
warrants
No. 25, Special,
registered on or be¬
May 14, 1943.
District
No.
25, County
tees,
under
District,
808,
regis¬
Valley
Adams
and
Irrigation
Weld
Greeley, Colo., that the Colorado
Supreme Court in December, 1942,
the
district.
dissolution
It
trus¬
as
settlement
coupons are unlocated.
Denver-St.
is
of
the
reported
Report
Vrain
Municipal Irriga¬
Dist., Colo.
Present Debt
on
Situa¬
Greeley, Colo.,
states
above dis¬
by decree
of
Colorado
Supreme Court en¬
May. He states that the
tered last
on
that the
dissolved
was
court
found that the
district
about Sept. 1, 1909, voted a
issue of $1,250,000 bearing
or
bond
6%
interest, but only $417,000
were
issued, all dated Sept. 1, 1909
and delivered to purchasers from
terest
been
the
$417,000
$413,460. Bonds
$410,871.42 have
surrendered
and
urer
to
and
can¬
County Treas¬
$833,000 unissued bonds
have been cancelled and deposited
with the district treasurer. Inter¬
est
of $398,625
coupons
are
can¬
celled and deposited with the dis¬
trict treasurer. The district is the
of $628.58 in bonds
owner
owner
of
Greeley,
of
and
is
of $1,095 in outstand¬
The Alpha Corpora¬
trustees,
as
$102,975
subject, however, to
ment
contract.
in
a
are
the
coupons,
bond
settte^
Holders of $5,500
in bonds and $75,582.50 in
coupons
are
unknown and
500 in bonds and
pons can
time, but all
of the bonds and interest
were
livered prior to Jan;
1, 1915.
de¬
The
1, 1937, refunding
The
court's
in order to
time
in
which
none
pro¬
decision
was
permit the city
to
take
its
of the $5,~
$7,582.50 in
incident
bonds bid for. Likewise the checks
of unsuccessful bidders
returned.
but
only
the bidder of one-tenth of 1% for
documentary
tion left
of the
final
figures
proved
sewer
the
issuance
main bonds.
of
ap¬
$100,000
in, apparently
had
100%, 20
had less than 95%.
four
more over
sealed
on
bids
untily 8
p.m.
(EWT),
Oct. 13, for the sale of $28,000
general refunding
denomination
of
coupon
in
the
bonds,
98%
over
do not
the
$1,000
each, being bonds numbered 16 to
25, due on July 1, 1961, and bonds
numbered 26 to 28, and 38 to 52,
due on July 1, 1964, with all un¬
It
matured
4%
last
tached.
Said
interest coupons at¬
bonds
have
been
duly validated, approved and
firmed by law.
con¬
A certified check
for
$1,000, payable to the City, is
required.
>
Florida
Report
—The
(State
of)
Municipal
on
following
Prices
have
pals
advanced
during
the
last month.
The most spectacular
rise has been in county road bonds
due
apparently to general recog¬
nition
of
fact
dealers
both
the
and
the part of
investors
that
on
case
of
instance,
foot of
square
is paying taxes.
roll, which
which
is
embraces
for
taxes
paid, paid
were
the
taxes.
always some delinquent
in every county which
property
appear
the
on
current
The
record, however, is
most
impressive, particularly as
the collection of delinquent taxes
is also at a high level.
Lake
Worth
Drainage District
(P. O. West Palm Beach), Fla.
is
most Florida munici¬
on
year
rolls.
for
that all the property on
on
doesn't
taken from the
September issue of
the monthly bulletin published by
A. B. Morrison & Co., Congress
Building, Miami:
single
current
land
There
Situation
information
counties
means
the
These figures
that, in the
mean
every
record of
99%, 10 others
only one county
in the county
area
all
perfect
a
and
100%
that
Note Issuance Opposed—A hear¬
ing
held Sept. 23
was
tion
of
the peti¬
on
State
Attorney Sidney J.
Catts, Jr., protesting proposed is¬
suance
4%
by the
district
of
promissory notes to
funds
for
the
purchase
$50,000
provide
of
new
equipment, to be secured by a
chattel mortgage and serviced by
assessments
on
property
owners.
under the Florida gas tax amend¬
ment to the constitution, receipts
A
through the life of the bonds will
by the District Commissioners on
Aug. 17. In asking for dismissal
be
than
more
quirements.
ample
for all
re¬
A recent sale by the
State Board of Administration of
petition
notes
was
for
validation
filed
to
that
refunding
thorized by an
bonds
As
were
was
attracted
to
be
many
expected,
decided differences of
as to
the worth of the
Probably the most strik¬
example
of
the
heights
to
the
notes
equipment
prior
to
to pay
it
a
had .pot
the
Court
Attorney,
contended
been
au¬
election; that the
would
levy
of
Circuit
repont,
substantial blocks of county road
bidders.
in
of the petition the State
according
be
worn
of service
out
charges
the- obligation; that making
crime
to
use
without
water
payment of the service charge is
a
the
meeting the Common Council
bad taste in the mouths
a
We have mentioned in previous
which road bonds have risen is in
recent
by
bidders.
counties
opinion
a
affixed
bulletins the high rate of tax col¬
lections on county rolls.
With
Fernandina, Fla.
ing
Meriden, Conn.
stamps
Technically, perhaps,
right but the ac¬
was
Offering—It is stated by
W. C. Drager, City
Manager, that
the City Commission will receive
bonds,.
Bonds Authorized—At
to be
were
They were returned
after the payment by
State.
suit in New Orleans.
The bid form
required the deposit of a certified*
good faith check for 2% of the
Board
tice Waller presided at the Circuit
Court review of the bondholders'
amusing
regarding this
reported
the
y
high
same
rather
one
sale at Tallahassee.
the
there
CONNECTICUT
was
bank¬
cou¬
be located.
There
ruptcy suit to the United States
Supreme Court, it was said. Jus¬
to
bonds aggregated
in the amount of
about
AprilS, 1909. The bonds,
dated April 5, 1909
(bearing 6%
interest, were delivered to pur¬
of the Jan.
The amount of in¬
attached
in
the decree of dissolution that .the
district issued $2,000,000 bonds on
favored holders of the city's bonds
had refused to accept terms
who
Bond
tion—A report has been issued by
David J. Miller of
owners
Report on Present Debt Status
—It is stated by David JYMiller of
above
bond
tion and The First National Bank
Counties, Colo.
sustained
Greeley,
a
holders, and that most of said
ous
ing coupons.
Denver-Greeley
are
agreement, and that an additional
$105,555.70 of coupons are out¬
standing in the hands of numer¬
General, all warrants to and in¬
No.
$1,803,888.87
the
on
plane.
Judge Curtis Waller recently ap¬
proved a stay of execution of the
findings of the review court, which
made
tional Bank of
road issues were
Gables, Fla.
Court Grants Stay in Refunding
Case—United States Circuit Court
gram.
cluding
tered May 14, 1943.
Coral
County Treasurer; that $70,881.18
of coupons are held by the
Alpha
Corporation and The First Na¬
also
Warrant
coupons
celled by the Weld
registered.
District
7, County
General, -all warrants registered
on or before
May 29, 1942.
all
unlocated; that
time to time.
No.
chasers from time to
Bond Call—It is stated that J. F.
Smith,
No.
District
all warrants
or
*
Commacks
called
registered.
District
School
Call—It
have
Sept. 1, the fol¬
1, County
General, all warrants registered
on or before
April 22, 1943.
fore
Blytheville Paving Districts (P. O.
Blytheville), Ark.
Bond
The County
to
said
District
all warrants
Page, State
Treasurer, that coupons maturing
on Oct. 1,
1943, and thereafter, on
Bank &
are
FLORIDA
the
Weld
cancelled and in the hands of the
said
—
of
$48,835.31 in bonds
in the amount of
trict
lowing school warrants:
School
Arkansas
is
for payment as of
ARKANSAS
that
in
and
Greeley, as trustees; that an addi¬
tional $74,748 in bonds are out¬
standing, and that most of the
the
Warrants Called
$1,876,416.69
Treasurer
held by the Alpha Corporation
and The First National Bank of
next
COLORADO
of
County;
which
vice Co. for permission to sell its
water plant facilities to the town
the
are
offer by
Crowley County School Districts
sum
of
that
cancelled
tion
Commission has approved the re¬
a
office
>
Water Plant Purchase Approved
—The
Securities and
Exchange
for
found
are
bonds
Alto, Calif.
—The Alabama Water Service Co.
cityTorjf
to
the
to
of $170,000.
Boaz, Ala.
ities and
are
present them for payment to the
Union National
court
bonds
Due Oct. 1, as
Water Plant Purchase Approved
-*The
1, bonds Nos. 3
Oct.
on
20, aggregating $9,000.
Albertville, Ala.
-
vision.
case
County
of $721,000 Hillsborough
bonds at the sale men¬
tioned.
and
for
12
violation
matured in 10, 11
and brought 100.34
Bids-on other county
2y4s.
/X
constitutional
■
pror
-1
Leesburg, Fla.
These
years
of
Bond
Call
—It is stated by
Mayor-Commissioner R. O. Bow-
THE COMMERCIAL & FINANCIAL
1390
den, that pursuant to a resolution
adopted by the City Commission,
various
Series "A,"
"B," "BB,"
bonds of
1936
ment
Nov.
on
"D,"
and
"C,'\ "CC,"
refunding
called for pay¬
are
1.
Due Nov. 1,
1936.
1966.
Said bonds will be redeemed
on
plus that ac¬
crued interest evidenced by cou¬
called, at
pons
due
tation
par
that date,
on
with
all
on presen¬
subsequent
un¬
matured coupons
attached, at the
Guaranty
Co.,
City.
Trust
Interest ceases
It is
the
Authorization
Ratified—
that the bill
stated
Miami
Greater
and
refunding bonds was
ratified by' the voters at the elec¬
tion held on Sept. 21.
and
Drain,
trol Dist.
Bonds
Water
Con¬
to
RFC—It
is
re¬
ported that
$15,000 4% semi-an¬
drainage bonds have been
purchased by the Reconstruction
Finance Corporation. Dated Oct.
1, 1942. Legal approval by Charles
nual
& Trauernicht of St. Louis.
Lays Plans to Attract New In¬
dustries—A United Press dispatch
Atlanta,
dated
Sept.
24, is
reprinted herewith:
Georgia hopes to emerge from
war free from
antiquated tax
the
structures
and
wardness,
economic
Fayette County (P. O. Lexington),
Ky.
Governor
The
Ellis
Warrants Called—It is stated by
J.
warrants:
second
Southern
terview, will be
with
"recon¬
in
in¬
an
of co-opera¬
one
Northern
America, explain
our new
plified tax system, tell of
tural
6544 to
and
resources
sim¬
our na¬
favorable
climate and get more industry in
the state than we ever drearhed
First
341
toward
business
plished
when
the
steered
P-356, dated Feb. 24 and
Aug. 11, 1942.
Free
Text
Book
Fund,
1942,
T-842
to
11, 1942.
was
so-called
,v '
to
;
•
School
.
were
that
cash
drawn
warrants
City Treasurer
on
State
No.
Park
School
Call
—
of
dated Dec.
in
Voted
Sept.
At
—
7
voters
Disapproved—One
the
the Legislature
be
question
of
held
issuing
on
of
corporations in which 90%
the
Gov.
Arnall
lature
to
the
asked
Legis¬
bill to invite
the
pass
semi-an.
purchased
were
(P. O,
Coca-Cola
laying there is
Farmers State Bank of Plainfield,
Iowa
now
committee
a
Georgians
being prepared by
of
Arnall-appointed
headed by Gov.
and
Arnall.
A draft of the document
will-
submitted
be
lature
in
new
the
Legis¬
1945.
the
In
to
constitution
the
Governor plans to incorporate
tax structure so
astound the nation."
of
the
This is
inducements
proposes
"a
simple that it will
Gov.
one
Arnall
to offer to big business
in his attempt to attract more in¬
dustry to Georgia.
On
the
theory
advertise
must
state
by
Georgia
her
because of "black
wares doubly
eyes" given the
regimes, Gov.
biggest jobs
former
Arnall said one of the
for
now
post-war
prosperity
is
the country realize at
last we're throwing off the shac¬
"making
kles of
The
poverty."
new
State
County
sealed
Treasurer,
and
and
will
auction
Bailie,
receive
bids
until
10
voting
machine
boncte.
Dated Oct. 1, 1943. Denomination
$1,000. Interest M-N. Due Nov. 1,
follows':
as
much
the
'
$25,000 in 1947 and
$38,000 in 1950.
The
the
and
County Treasurer and all bids
should be
so
conditioned.
will be made
on
Deliv¬
the day that
have the
as
to
will
privilege of registration
principal or interest. Taxes
be
levied
to
in
a
sufficient
principal and in¬
terest at maturity. Enclose a cer¬
pay
Agricultural Board, created by the
all-out Arnall legislature last win¬
ter will begin work this fall on
Treasurer.
plans for:
1—Advertising
time
had
elapsed
authorization
to
issue
through the issue could be com¬
pleted
under
present war-time
„
restrictions.
Louisville Bridge
Commission, Ky.
Bond Redemption
Notice—Pur¬
suant to the
provisions of the trust
indenture
between
Commission
and
the
the
above
of
of
bonds,
Trust
Co., of Louisville, as trus¬
tee, dated Jan. 2, 1940, various
2%% bonds aggregating $293,000
of
,the Louisville Bridge Commis¬
Fund in the hands of the trustee.
Upon presentation at the office
of
the
Co.,
Chemical
City
of
Bank
&
Trust
New
in cash at par and all interest ac¬
crued to the date
so
fixed for pre¬
payment and redemption, together
with a premium of 2% upon the
principal of the bonds to be
deemed.
The
interest
on
to
the County
promotion
publishing informa¬
the state's agricultural,
re¬
Bond
Sale——The
$160,0Q0 fund-
and
24—v. 158, p. 1288—were awarded
on
on
Sept.
the
fix
bonds
to
Parish
Retires
Last
of
far
as
has
the
parish
issuance
is
of
of
the
in
the
parish issued 25
of
amount
of
result
the
ton
of
two
and
preciate
the
splendid
financial
structure of the
Authorized
—
is
re-
ported that the Police .Jury of the
Chapter
of
sub¬
Due Nov. 1,
bonds,
Acts
extension).
Ave.
50,000
;
St.
subway
Chapter 394, Massa-
Boylston
bonds,
chusets Act of 1930. Due Nov.
1, 1983.
dated
of the bonds will be
Nov.
1, 1943, in coupon form and
in $1,000 denomination. Principal
and interest
ent
the state of Louisiana.
"The
by
check
of
last
which
which
issued
was
police
the
jury was in the
$33,825 and retired the
amount of
the
were
gravel
issued
road
bonds
quarter of
a
a
(M-N) payable at the
City Treasurer's office. The bonds
in
taxation
from
exempt
are
Massachusetts and from the pres¬
Bidder
Income Tax.
Federal
toip^me rate of interest in mul¬
tiples of V\ of 1%; no bid to be
less than par and accrued inter¬
est, and a different rate of inter¬
est may be bid for all but no part
of each purpose
the
In comparing
graveling
the
highway
of
Franklinton-State
These
ton.
Bogalusaand
the
Line
roads
two
highway,
have
long
/
obtained
estimated
tax
Tax
—
1943.
year
1942
of
86.82%
from
entire
for
Receipts
months
receive
in ; the
the
eight
represented
of budget estimates.
Real
estate
tax
for
collections
the period
amounted to $25,907,726
98.82% of estimated receipts
or
for
entire
the
current
calendar
Revenue
from
property
eight months last year
year.
taxes in the
$26,725,432, or 98.07%
totaled
collections
estimated
In
for
all
the
last
eight
months,
of
the
city expended $37,424,663 for all
purposes.
Included was $10,224,037 lor debt service and pension
,
fund.
Deducting this amount the
$27,200,027 represents
expended for operating
purposes, or 64.31% of operating
appropriations for the year. , This
compares
with
expenditure of
64.35%
of operating appropria¬
balance
the
(P. O. East
Cambridge), Mass. *
eight months of 1942.
10.30
a.m.
on
Oct. 5, by James
C.
McCormick, Acting County Treas¬
urer,
for the purchase of $150,000
temporary loan, at discount. Dated
Oct. 8,
1943. Denominations to suit
purchaser, but no note will be
smaller than $5,000. Due April 10,
1944. Issued under General Laws,
Chapter 111, Section 85A, for the
of raising funds for the
maintenance and repair of
purpose
care,
the County
the
for
will
Tuberculosis Hospital
1943.
These notes
year
authenticated
be
uineness
as
to
gen¬
by the
Thorndike, Palmer & Dodge, of
Boston, whose opinion will be
furnished the purchaser. Delivery
or
about Oct. 8, at the above
on
bank, against payment in Boston
funds and will be payable at ma¬
turity at said bank.
\
%
Sinking
is
stated
Fund
and
Boston, Mass.
Offering
—
City Treasurer,
sealed
bids
Inc.
James J.
Mc¬
will re¬
until
noon
Oct. 7 for the purchase
$1,550,000 bonds, including $1,
on
MICHIGAN
Grand Rapids, Mich.
Sells
Fund
that
the
awarded
on
Bonds
City
Sinking
September 2r
to John Nuveen & Co. of
MASSACHUSETTS
of
Offering-
Loan
Temporary
Sealed bids will be received until
of
tions in the
(EWT)
City Treas¬
Middlesex County
total
ceive
the
must accompany the bid.
Second National
Bank, Boston, and their legality
of will
be
approved
by Storey,
'
1942.
of
order
to
urer,
by
would
it
A certified check
of the bonds bid for, pay¬
to
rose
sources
1943, less the amount of
1,
for 1%
the City
$51,726,151 in
the first eight months of the year
from
$49,545,563
in the corre¬
sponding period of 1942 the report
of Herbert Fallin, Budget Direc¬
tor, showed.
Collections for the
eight-month
period
represent
91.03% of the $56,820,981 the city
revenues
of Baltimore
of the loan from
for the duration
able
Increase
Revenues
provides for the lowest net inter¬
est cost to the city (total interest
Nov.
Baltimore, Md.
Tax
loan to be issued.
bids, preference will
be given to the bidder whose bid
premium bid.)
MARYLAND
Carthy,
It
redemption,
(Huntington
parish, and, with
the exception of possibly one or
two other parishes, the financial
structure of the parish is the best
1
Bossier Parish (P. O. Benton), La.
any
interest
1983.
All
ap¬
pay¬
called, interest
Massachusetts
way
*,
one-half
mills for the current year.
"Few citizens of the parish
for
so
subway
1938.
a
is
cease.
395,
ago
date
bond, with
accumulated
when
150,000
these
the
any
on
interest
the
date fixed
and
bonds, as well as the half-mill fair
grounds assessment, taxpayers of
Washington parish will enjoy a
reduction
of
shall
from
years
loan
these bonds, by pay¬
on
unpaid
to
by
As
of
20
which
upon
able
bonds
Nov.
on
by the City of Bos¬
after
ment
These
1, 1973,
be called, retired and
date of this
passed
years
of / 1929,
as
Chapter
287,
and Chapter 455,
1935.
cancelled
Road
$500,000.
retirement
tunnel
by
of
but may
check
inclusive.
traffic
Acts
shall'be due
the police jury for the final pay¬
ment of the old gravel road bonds
Bond
Bonds
Acts
concerned
a
bonds.
Due
on
Nov. 1
1973
C
Acts of 1932
be
\
been
to
chusetts
the financial structure of
as
Washington
with
1944
series
amended
Bogalusa,
dated Sept. 22, to the New Or¬
leans
"Times Picayune"
of the
following day noted as follows:
milestone
annually
bonds, Chapter 297 of Massa¬
Bonds—A dispatch from
"A
in¬
$7,000 from 1954
sewerage
from
(P.) O.
$500,000
.1953
inclusive.
1963
$10,000
sold, interest rate, maturities, etc.
Washington
to
1944
to
300,000
authority to
of
1953
to
'
and
taxpayers
Liquidation ? City
amount
annually
1944
clusive
the
then have
will
$50,000
from
1
$8,000 from
.100,000
by
of
Board
bonds
LOUISIANA
ing bonds offered for sale
the
Debt
called for redemption shall cease
the date specified for (redemp¬
Iowa
industrial and economic resources,
approved
construction
ways
Due
Nov.
bonds. Due Nov. 1, as follows:
voting and also in the amount of
If
1953 in*
to
150,000 bridge construction
it
on
tion.
and
Georgia,
tion
payable
issue,
property assessed.
Louisville
Wapello County (P. O. Ottumwa),
tified check for 2% of the amount
bond
1944
inclusive.
approval of the
taxpayers both in number of those
a
York, of the
bonds designated, with all cou¬
legality of the issue has been se¬
pons thereto belonging and ma¬
cured from Chapman &
Cutler, of
Chicago. The opinion will be paid turing on and after the redemp¬
tion date, said bonds will be paid
by the County. The bonds do not
the final approving opinion on the
the
since been hard-surfaced.
remaining $20,000 now.
Mr.
Lynn also said he doubted pro¬
jects
proposed
to
be
financed
material
bonds.
on
receive the
Officer
sion, Ky., have been selected by
lot for redemption on Nov. 1, out
bonds will be delivered to the
of
the
moneys
of the Sinking
succesful bidder in the office of
1949,
amount
Industrial
F.
on Oct. 7 for the
purchase of
$88,000 not to exceed 5% interest
coupon
in¬
*
J.
—
a.m.
ery
that
Offering
an
the
i
Bond
effect
to
Finance
too
since
company
con¬
1
authorized
that
as
The cornerstone of Gov. Arnall's
stitution,
bonds Jan.
$200,000 issue
but only $180,000 was sold, he held
no
post-war plans is a new state
authorize
must
from
500,000 public
on
the latter via Clifton and Warner-
1926
funding bonds
recently by the
1V4S, paying a price of 100.485.
home, These bonds were
approved by the
need for Geor¬ voters at an election on
Aug. 10
gia concerns to incorporate in and are issued
for the purpose of
other
states
to
avoid
Georgia
retiring outstanding 4% warrants.
taxes.
The bill passed with little
Polk County (P. O. Des Moines),
opposition.
the
to
1
century ago to provide funds for
like amount of
a
Nov.
Sept. 14,
calling for^an election to be held
on
Oct. 26, in order to have the
voters pass on the issuance of $5,000,000 airport bonds.
The law requires that in order
disap¬
proved a proposal to issue $20,000
in Road and Bridge bonds. Noting
that
Johnson
County voters in
Bonds Sold-'-It is reported that
$10,500
Council
fund
;;>? elusive.
ordinance
Franklinton
5%
Plainfield), Iowa
of
voting stock is held
by Georgians.
common
of
Officbk/
The
subsidiaries
on
issue
bond
was
was
terest-rate reduction.
Plainfield Indep. Sch. Dist.
taxes
Commission
the
and
loans
sinking
coupon
$300,000 municipal relief bonds of
%
1943. Due $30,000 annually on
approved by the
be used to retire
the
$50,000. air¬
emptions from all intangible and
been
on
Lynn approved issuance of
$26,000 in 3 lk % Road and Bridge
Refunding bonds, the proceeds to
special elec¬
shortly
passed
24
which had
serial
coupon
in
approved, while
disapproved on Sept.
by Harry R. Lynn, State Local
22
port bonds.
valorem
where
holding
Mr.
last winter. The law provides ex¬
ad
county
another
Finance
Election—A
will
counties
ville), Ky.
of
Bond
Sept.
Bond Issue Approved—Another
are
Jefferson, Iowa
tion
several
Johnson County (P. O. Paints-
have approved the issuA
$35,000 road improvement
bonds by a wide margin.
Arnall
Kentucky
in
companies.
said do
ance
existed
bonds had been issued by
election
an
the
situation
other
Tp. (P. O. Galva), III.
on
heard
Fayette
ilar
1, 1935.
Bonds
was
Circuit/ Court several
months ago, attorneys said a sim¬
are
Galva
held
bond issue to be
At the time the suit
bonds
Chicago. The bonds
new
exchanged for bonds of the hold¬
ing company.
on Dec.
1, 1943, and
payable at the First National
Bank
ation, City Debt, that the Board
W.
Fayette County case,
a
thorizing the
redemption
are
Rodman
Morgan
against ; the
Fayette
County Board of Education, au¬
the
District
Refunding
Senator
opinion in
84, Cook County, III.
Bond
com¬
attorney for the board,
tofd the Fiscal Court the Court of
Appeals recently handed down an
payment thereof.
Franklin
holding
a
Phillips,
P.
Secretary of the Board of Liquid¬
ap¬
Keenon,
be issued in
may
was
officials
Company,
Authorized—It
Horace
by
250,000
$300,000
loans, described below:
Orleans, La.
Election
stated
issue
to
Bogalusa), La.
maneuver
for the Board of Education.
pany
to the
them
present
is
issued
bonds
explained,
to
forestall payment of about $8,000
annually in State and Federal in¬
come
taxes by the Fayette High
Education, City of Chi¬
cago, Room
352, 228 North La
Salle St., on or before Sept. 23,
1943, in order that same may be
verified and interest computed so
accom¬
Coca-Cola
legal
proved,
T-862, dated Aug.
Holders of these warrants
attracting
Governor
through
measure
This
to
Nos.
amount of
same
recently
New
Bond
by the holding company.
IOWA
step
Northern
the
Playground Fund, 1942, Nos. P-
of before."
.
1942,
1942.
24
Arnall
enterprise.
Governor Arnall said, "We will
write to every large corporation
in
Nos. BB-6852, dated Sept. 21 and
Fund,
Authorized—
County Board of Education,
acting through its holding com¬
pany,
recently
deeded;; seven
county schools to the Fayette Fis¬
cal Court, which in turn voted to
issue $393,000 worth of special ob¬
ligation bonds to be exchanged for
McCahey, President of the
Board of
Educafion, that he is
calling for payment on Sept. 24,
the
following
tax
anticipation
Building
Exchange
The
B.
Nos. 48 to 55 have been called for
struction era," he said
tion
Bond
voted
follows:
as
Chicago Board of Education (P. O.
Chicago), III.
back¬
said today.
a
Nov. 1
on
$15,000
in 1944 and 1945, $20,000 in 1946,
$42,000 in 1947, $45,000 in 1948,
and $23,000 in 1952. Interest pay¬
Board of
Georgia (State of)
100.0787,
Due
KENTUCKY
required
GEORGIA
from
of
ILLINOIS
(P. O. Zellwood), Fla.
Sold
public
$40,000 bonds.
0.75s, paying a price
basis of about 0.73%.
as
of state
public health, natural
resources and public service offi¬
cials and
15 citizens, yet to be able M-N.
Second high bid was an offer
named.
Through their work Gov.
Arnall expects to lower Georgia's by Paine, Webber, Jackson & Cur¬
high rate of illiteracy, control ero¬ tis, of 100.0781 for 0.75s, while
sion and anchor the roving tenant third
highest
was
Thomas
L.
farmer by long-range planning— Crabbe & Co., bidding 100.015 for
backed up by law.
0.75% bonds.
.
Zellwood
and
Parish
Ottumwa,
and
health
The board is composed
creating
Author¬
Port
ity, and providing for the issuance
of construction, acquisition reve¬
nue
conservation
Monday, October 4, 1943
to the Union Bank & Trust Co. of
utilization,
and education.
New York
on Nov. 1.
Miami, Fla.
Bond
water
settlement, reforestation
education,
Dated Nov. 1,
date
and
2—Land
and
CHRONICLE
Stranahan,
of Toledo,
2%%
its
a
water
Harris
jointly,
revenue
holdings, at
a
Chicago
&
Co.
$270,00(
bonds
fron
price of 116.34
basis of about 1.74%.
000 on
The
Due $90,August 1 in 1961 to 1963.
second
best
bidder
wa:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4217
158
Halsey, Stuart & Co., Inc., offer¬
Livonia
Township
No. 4,
Call
Bond
calls
for
—
District
School
Mich.
District
Treasurer
Nov.
1,
1943, at par and accrued interest,
refunding bonds Nos. 45 and 46
of $1,000 each. Dated Oct. 1, 1941.
Due Nov. 1, 1964. Bonds should
be presented to the National Bank
payment
on
of Detroit.
.
Sale—The
re¬
bonds of 1943 offered
Sept. 28—v. 158, p. 1289—were
awarded to a syndicate composed
of B. J. Van Ingen & Co., Inc., E.
W. Thomas & Co., and John NuCo., all of Chicago, First
&
veen
Corp., Miller, Kenower & Co., H. V. Sattley & Co.,
and Crouse, Bennett, Smith & Co.,
all
of
Detroit; Paine, Webber,
Jackson & Curtis of Chicago, and
Michigan
McDonald, Moore Co. of Detroit,
on
of
bid
a
100.17, a net interest
.
office
Treasurer's
at
Monroe State Savings Bank,
County
the
The
Monroe.
March 1, 1939
bonds
or
year ago.
dated
to
are
The
Offered
Bonds
(EST),
30, by William E.
Utt, Village Clerk, for the pur¬
chase of $250,000 coupon refund¬
ing of 1943, Series 2 bonds. Denom. '$1,000.
Dated Ogt. 1, 1943.
September
on
Due
1
November
on
3.38%, as follows:
$680,000 series 2 bonds as 3s to
Nov. 1, 1952, and 4% thereafter.
Due Nov. 1, as follows: $10,000 in
1944 to 1946, $15,000 in 1947 to
1952, $20,000 in 1953 to 1956, $30,000 in 1957 and 1958, $40,000 in
City
Reeves,
will
until
tenders
re¬
7.30
stated for which
1966 to
1969, optional May 1, 1960
to 1965, as 3s, to Nov. 1, 1947, 3V2S
the
thereafter to Nov. 1,1950, 4s
the
cer¬
Certificates
tender.
after to the first call date
there¬
on
delivered to
Co.,
Detroit,
within 10 days after acceptance of
purchased
each
bond, and 3V2S thereafter until
paid, and $300,000 maturing $100,000 Nov. 1, 1970 to 1972, optional
May 1, 1954 to 1950; as 3s to the
first call date on each bond, and
31/2S thereafter until paid.
$175,000 series 4 bonds. Matur¬
ing $25,000 Nov. 1J 1966 to 1972,
optional May 1, 1949 to 1945, as 3s,
to Nov. 1, 19477^%s thereafter to
Nov. 1, 1950, and 4s thereafter un¬
All
Oct.
Bond
$1,555,000 bonds
—
Nov.
are called for payment
1,-. 1943, at par, plus ac¬
interest
bonds
be
Trust
payment.
date.
payment
should
Detroit
delivered
Co.,
to
vailable
the
the
in
purchase
for
the
of
fund for
is $2,000,
bonds
certificates
Detroit,
Bonds
$1,844.
is
reported
$6,500 3% semi-annual re¬
funding, Series 1940 bonds have
been purchased by the Hancock
Bank
of
Pass
Christian.
Saffin
NEBRASKA
Greeley Center,
Bond
Oct. 14 the voters will be asked
to
approve
struction
interest well
announce
the
call
on Nov. 1, 1943, at
County Treasurer's office, of
$62,500 various highway refund¬
ing bonds—county portion, town¬
ship portion and district portion.
dated
Oct.
1939
and 1940, and May 1, 1934, and
the bonds together with appro¬
priate interest coupons must be
are
1,
Michigan (State of J
Call—It
Charles
reported by
Ziegler, State High¬
M.
that
various
district
assessment
cellent
Blood
Offer Bonds—D.
Brake,
State
Treasurer,
states that pursuant to authoriza¬
the
State
Administrative
Board, he will receive sealed bids
until
1
(CWT) on Oct. 11
purchase of various local
Michigan municipal bonds aggre¬
p.m.
for the
County (P. O. Monroe),
Calf
of
the
—
F.
E.
Gillespie,
County
of
his
Executive
that
the
State
many
The
years.
was
statements
based
prepared
Besides
penditures
7.
.
having receipts and ex¬
below
esti¬
budget
mates, the current surplus reached
high mark and the net debt
was lowered by almost
much as in the previous
a new
as
result
a
twice
as
A
Listecl^t $7,045,948.24, the net
year.
Statd
debt
reduced
$2,359,792.78, as against a reduction of
$1,294,497 in the preceding year,
reduction, in the bien-
total
a
was
of
$3,654,289.78.
On
June
30, 1941, the net was $10,700,000.
The
the
Bond
'
Offering—It
Thomas
J.
he
until
8
Comptroller's report showed
current surplus for the
fiscal year was
$8,488,691.26,
pared with $6,954,000 at
of
the
1942
545,000
at
fiscal
the
and
year,
close
of
com¬
the end
the
$5,1941
fiscal year.
is
assets, the
deducted
from
liabilities
net debt.
to
the
value
current
the
.of
surplus
amount
determine
of
the
Fixed assets, principally
trust fund
bid
securities,
were
inven¬
and
in
such
deposit accompanying his
will
be
The
returned.
pur¬
chaser will be furnished with the
opinion qf Hawkins, Delafield &
Longfellow, of New York, that the
bonds
valid and
are
gations
of
binding obli¬
City.
Enclose a
the
certified check for
$1,000, payable
to the City. 7 (This notice supple¬
ments the offering report given in
our issue of September 27—v. 158
during
the
gins when peace is finally con¬
cluded," and further believes that
"by bringing his influence to bear
in helping to preserve sound fiscal
policies
local
in
his
official
community
make
can
the
tre¬
a
considering the question of
sound fiscal policies, the report
J.
Bonds
John
Sold—It
v
P.
is
Venables,
used
debt
purchasing bonds or by calling
them, or both," and "more effec¬
tive
use
will
be
chases
stated
Acting
by
City
has
purchased
of materials and supplies
necessary
be
may
so
kept
that
at
pur¬
bare
a
minimum."
considerable
deals
port
Treasure, that the State Sinking
Commission
that "surpluses should be
wherever possible to retire
in advance of maturity by
urges
A
N.
effort."
war
In
1290.)
p.
of
pects
part of the
with
the
post-war
re¬
various
as¬
planning.
In
dealing with the questions of the
construction
of public
works, the
board points out that "we cannot
afford stupid waste and
unneces¬
extravagances.
The munic¬
ipal official must consider care¬
fully the effects on future budgets
sary
of
the
of
costs
operating
new
the
of
cost
maintaining and
projects as well as
retiring
debts."
created
recommends
It
the
also
plans
well
newly
strongly
in
ad¬
stating "to be sure that im¬
provement projects to be built in
the post-war period are designed
vance,
to
accomplish
only
economically
useful purposes, and are ready to
be launched at the time when their
D
City
purchase
1,
to
exceed
1940.
Due
by
Clerk,
on
registered
bids
October
of
$50,000
refunding,
Interest
rate
is
6%, payable J-D.
011
Dated Dec.
December
1
as
follows:
$10,000 in 1949 and 1950,
and $15,000 in 1951 and 1952. Rate
of
interest
lk
or
be
to
in
one-tenth of
be the
for all
same
multiples, of
1%, and must
of the bonds.
Principal and interest payable at
the
Chemical
New
York.
Bank
No
&
often
to
the
economic
that
untried, un¬
projects
during
the
wasteful
created
were
recent
many
and
depression."
The board believes that intelli1, 1960 and 1961, $55,000 !
April and $'50,000 Oct. 1, 1962 to gent planning should start with
the use of a capital budget and
1964, and $38,000 in 1965.
recommends that "a general pro¬
•%' New Jersey (State of)
gram be prepared which is de¬
Oct.
Fourth
ment
Annual
Report
Local
Govern¬
Urges
Sound
Fiscal
New
Jersey
Local
Government
of
State
Board
the
signed to
in
cover
post-war projects
their relative order of
to the
ance
municipality.
sidering such
a
'program,
Trust Co.,
proposal will be
considered which
board
and
recommendations
for
improvement in the field of local
The board, created
1938, consists of: Walter R.
Darby,
chairman, of Westfield,
N. J.; Samuel D.
Hoffman, of New
Brunswick, N. J.; Charles J. Ehmling, of Cranford, N. J.; John F.
government.
in
Schenk, of Flemington, N. J., and
Ernest J. Howe, of South
Orange,
N. J.
Raymond M. Greer, of Jer¬
sey City, N. J., who was succeeded
by Mr. Howe, was a member of
the
board for
the
by the report.
is secretary to the
man
mind
a
number
"(b)
some
based
accurate
of the
upon
available, a detailed outline
project should be prepared,
which
estimates
can
be.
based.
"(c)
Capacity
pality to
pay
of
the
report devotes itself "pri¬
marily to a discussion of the prac¬
available
tical
an
or
whether
otherwise.
by
borrowing
This would involve
cial
legally acceptable proposal.
The
based upon tax collection
Each
proposal
problems
must
state
bonds
shall not be less than
the
which
$50,000
nor
than
officials
are
the bonds will be sold to the bid¬
members
der
but
be
of
which
offering to accept for the
nation.
bid
own
the
least
amount
of
the\
conscious
the
he
municipal
nevertheless
Full
as
not
his
to
local
own
the
official
never
be¬
responsibility
grave
has,
of
also
amount
wiich
besfrt,
that
$51,000.
As between
legally acceptable proposals speci¬
fying the same rate of interest,
complying with the terms of
with
cautions
fore
municipal
during
the
war".
board, recognizing the many
"must
more
of
only
to
the
community,
State
awareness
and
the
on
his
part of the effect of his pres¬
bonds, the bonds to be accepted
being those first maturing and if
ent actions
on
the
today, and the sound¬
two
ness
or
more
cept the
to
the
bidders offer to
same
bidder
nation
of
his
the whole effort of
planning for the fu¬
least amount then ture, will help him to guide his
offering to pay community through the difficult
ac¬
munici¬
for the projects, in¬
cluding its ability to make funds
board.
The
application
esti¬
such data as
Where the data
upon
be available.
is not
!
involved ;with
cost
reasonably
mates,
may
The
management
the
of
gardless of its value, need or im¬
after and ac¬
portance, is sought
ceptable.
period covered
George C. Skill-
in
specifies a rate
higher than the lowest rate stated
for
officiate.,,
factors, particularly:
"(a) The practical need for-the
project.
The
time
has
passed
when any and every project, re¬
re¬
bear
in any
bid
import¬
In con¬
must
port covering the activities of the
stated
sealed
bonds.
$45,000 Oct. 1, 1956, $50,000
April and $46,000 Oct. 1, 1957,
$50,000 April and Oct. 1, 1958 and
1959, $52,000 April and $50,000
has released its fourth annual
(EWT),
the
and
sale and
with
welfare
Department of Local Government
receive
p.m.
coupon 7 or
Series
is
Ahrens,
will
for
amount
total
national
the nation's
the
case
bonds
Policies—The
Englewood, N. J.
Denomination $1,000.
total
Board
100.51
Bank,
note
Together
Mich/
Bond
of
financial
fixed
Clerk
Nat'l
Comptroller...
gating $592,000.
Monroe
to
recently
'
difficult transition period that be¬
mendously important, useful and
truly worthwhile contribution to
101.31
Rutherford.100.34
O.
19,
Hale
of
reported
Robert
v
condition
nium
1.
*102.306
*Bid for $24,500 bonds.
that
November
tion
of)
had ended its fiscal year on June
30 with its finances in the best
.or
Fund to
Governor
—
Council
highway im¬
provement refunding bonds of the
State
aggregating $224,000, are
being called for payment on Nov¬
ember 1, at par and accrued in¬
terest.
These bonds, with Nov.
1, 1943, and all subsequent cou¬
pons attached, should be presented
to the paying agent as specified
jn the bonds, on. or before this
State
Rate Bid
& Co.___
by Arthur E. Bean, Acting State
is
Commissioner,
way
1.53%. Dated Oct.
East
New Hampshire (State
on
Bond
a
Financial Condition Found Ex¬
Governor's declaration
presented simultaneously.
102.454,
2s,
basis of
as
due
Rutherford
payment
The bonds
of
Boland,
'
NEW HAMPSHIRE
the
to
York,
( Campbell, Phelps & Co..
rl. L. Allen & Co.______
Call—The Board of Road
Commissioners
to make its proper contribution to
purchase the
Fund
awarded
Co. of New
M. M. Freeman
con¬
bonds.
plans*'-
his community
election, be relieved of his
obligations under the contract to
amounts
Bidder—
issue of $5,000 not
an
varying
15, 1943,
$2,500 on Oct. 15 from
1944 to 1953, incl. Other bids, all
for 2%
bonds, were as follows:
election
an
the
by
Bond Sale—The
•
price
a
and
on
to exceed 3 V2 %
&
about
Nebr.
Election—At
and, char¬
his
Garfield,
1943, the last being the largest
1290—were
Dated
1, 1940.
at
for
■■
Christian, Miss.
Called—It
that
Dec.
type
taxable
is
the large cuts in 1942
the future, and to make the
$1,817,000 3V2% semi-annual re¬
construction can accomplish the
funding bonds.
Due $30,000 on
April and $24,000 Oct. 1, 1944, most good in providing the jobs
Clifton, N.J.
■
I
$30,000 April and Oct. 1, 1945, that must be found, they must be'
Much time
Bond Cancellation Authorized— $35,000 April and
$30,000 Oct. 1, planned in advance.
in getting them under way imme¬
The State Funding Commission is 1946,
$35,000 April and Oct. 1,
said
to
have
approved an or¬ 1947 and 1948, $37,000 April and diately at the close of the war can
dinance
cancelling an issue of $35,000 Oct. 1, 1949, $40,000 April be saved if the engineers and
$52,000 bonds, which was author¬ and $35,000 Oct. 1, 1950, $40,000 architects have completed their
work
and
the
blue
ized under date of Nov.,21, 1939-. April and $38,000 Oct. 1,
prints are
1951,
$40,000 April and Oct. 1, 1952, ready and available. Much harm
East Rutherford School
:
can be done if they are conceived
$42,000 April and $40,000 Oct. 1,
District, N. J.
and pressure of a national emer¬
1953, $45,000 April and .$40,000
Bond Sale—The $25,000 school
Oct.
1, 1954, $47,000 April and gency that in the past has led so
bonds offered Sept. 28—v. 158, p.
$42,000 Oct. 1, 1955, $47,000 April ency that in the past has led so
Amount
sinking
shall
At
now
the
NEW JERSEY
(EWT), on Oct. 9 for the purchase
refunding bonds and 1938 cer¬
tificates of indebtedness.
by
yet made.
of
the
County (P. O. Mount
Clemens), Mich.
for
Ollie
Kallmann District Secretary, will
Said
Macomb
Bond
Mrs.
income
of
climaxed by
receive sealed tenders until 7 p.m.
Pass
crued interest. Dated Nov, 1, 1935.
Due Nov. 1, 1965. Redeemable on
any
—
the
then nearing its peak,
was
reduced
are
District
outstanding 1935 refunding, series
A, bonds
Wanted
bonds
reached $12,796,900.
New York, only other
A
bidder,
reduction,
$168,700,
was offered 100.15 for 3.40s.
made in 1937-1938, and each year
Gloucester City, N. J.
since then the net debt has been
Mich.
9,
debt
net
it
when
and
Tenders
1, 1943.%
Call
Secretary
Albert J. Flynn announces that all
on
No.
trict
the
by private holders from
slight
MISSISSIPPI
the
of
be
Trust
Southfield Township School Dis¬
til paid.
dated
shall
Detroit
of
received
a
strong
problems of
prepare
for
the
purchase price.
prior to the de¬
& Co. of New York, as 2.40s, at a
borrowings com¬ price of 100.11, a basis of about
bined
with
Dated Sept. 1, 1943 and
shrinkage revenues 2 337%.
caused it to skyrocket in the next due Sept, 1, as follows:
$4,000
five years to an all-time high at from 1944 to 1947 inclusive and
the close of the 1937 fiscal year, $5,000 in 1948.
H. L. Allen & Co.
tenders
Separate
amount
tificates will be sold.
State's
to
foundation
of payment of the
In the event that
increased
and
must be made for each series and
000 in
$700,000
series
3
bonds
for
$400,000 maturing $100,000 Nov. 1,
the
earlier
series A and B certificates of in¬
debtedness.
the fact that total
during the 12 months
by
days,
war
which will enable
$21,000 coupon
that
date, it amounted to $5,- or registered fire engine bonds
717,000.
The
depression which offered Sept. 29—v. 158, p. 1184—
had
started
nearly three years were 1 awarded to Boland, Saffin
Oct. 11 for the purchase of
p.m. on
.
out
made
was
expenditures
of
$22,942,183.33,
were $2,877,000 lower.
7 Governor
Blood
pointed cut
N.
Minnie
Treasurer,
sealed
ceive
pointed
year's record
the lowest since June 30, 1932.
1959, $50,000 in 1960 and 1961,
$60,000 in 1962 to 1964, and $100,1965.
the
that
—
Blood
$23,781,880.12, off only $155,000 in comparison with the pre¬
vious year's income, while total
Rcyal Oak, Mich.
Wanted
on
be
was
p.' 1289.)
Tenders
interest
acter
State income
payable at the Detroit Trust Co.
(These are the bonds mentioned
in our issue of September 27—
158
the
an
terms of any Federal income tax
law the successful bidder
may, at
possible
$5,000 in 1947 to 1951, $10,000 in
1952 to 1954, and $15,000 in 1955
to
1967.
Principal and interest
v.
to
The
pay
same
that
ofv about
cost
largely due
$1,416,000 in
equal
price.
also
bonds of the
Governor
follows:
as
was
bonds, while no new ones
issued, to bring the amount
of
bonds
outstanding
down to
$14,135,000.
Other liabilities in¬
clude
trust
fund
obligations,
which on June 30 were $1,094,763.35; current accounts payable,
which were $507,630.53, and re¬
serves, which were $171,493.
bids
Sealed
—
received until 8 p.m.
amount
highest
must
the bonds accrued from the last
interest payment date to the date
livery
reduction
the retirement of
the
purchaser
serial
Roseville, Mich.
were
therefor
were
and mature on May
1945 to 1948 inclusive.
1 from
Mich.
$1,555,000
funding
of
certain
'1
Lincoln Park School District,
Bond
Commissioners, announces toried at $374,247.38 on June 30,
highway improve¬ bringing total assets to $8,862ment refunding
bonds of road 938.64.
It was noted that total liabili¬
assessment
districts, aggregating
$21,000, have been called for re¬ ties also showed a sharp drop.
demption on Nov. 1, 1943, at par They were listed at $15,908,886.88,
and
accrued
interest,
at
the or
$1,835,837.70
less
than
a
Road
that
ing 115.80.
1391
analysis of the current finan¬
position
population,
of the
future
other related
municipality
history,
and
prospects
current factors.
"(d) The annual recurring oper¬
ating costs of the project. All too
frequently, too much attention is
paid to the initial cost of the
project and too little to the annual
operating costs which adds to the
operating expenditures ap¬
total
pearing in each annual budget."
The board
also
included in the
report, its functions
as
the Fund-^
Commission and the^ Munic¬
ipal Finance Commission.
As the Funding Commission, it
ing
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1392
description., was part of sued to construct a school on said
be taken to preserve the beneby
Dr.
Herbert
D. site, a pyrpose having a period of
ficial effects of refunding by not testimony
necessarily increasing operating Simpson, consultant to the New probable usefulness of 15 years. In
York City Division of, the Budget, the event that prior to the dewas "considered on its merits and
expenditures.
/
at a hearing before the State Tax livery of the
bonds the income
carefully scrutinized as to the ad- f,
vice-Chancellor Holds Rail Tax
Commission
on
Albany assess- | received by private holders from
vantages to be obtained; the is- Laws
Unconstitutional — A
dissuing expenses; the over-all costs; patch from Trenton to the New ments, which Republican Gover- bonds of the same type and charthe need for granting relief where York "Herald Tribune" of Sep- nor Dewey frequently has likened (acter
shall be taxable by the
to a "poll tax".
terms of any Federal income tax
the plan involves increased costs; tember
29 reported as follows:
"Dewey, campaigning for Gov- law the successful bidder may, at
the
desirability of limiting in- ;t -Vice-Chancellor Wilfred H. Jayne
ernor
in 1938 and 1942, asserted his election,
be relieved of his
creases in operating expenditures;
today signed a final decree invaliassessments have been used to in- obligations under the contract to
the importance of invoking sound
dating 1941 and 1942 laws which
fluence
voting
and
strengthen purchase the bonds and in such
fiscal policies and procedures, and waived approximately $24,000,000
Democratic control of this capital\[ case the deposit accompanying his
such other factors as were rele-;| in delinquent railroad tax interest
^5id will be returned.
city.
The pur¬
vant and would tend to improve and
penalties and$ provided, for
"Simpson, introduced as an au¬ chaser will be furnished with the
the fiscal condition of the munici-.
payment of the $34,000,000 princi¬
thority on taxation and author of opinion of Vandewater, Sykes, &
pality involved."
'
| pal in periods ranging up to 20 several books on the
subject, said Galloway, of New York. Enclose
As the Municipal Finance Comyears;
'
a study of
1,446 property sales in a certified check for $360, payable
mission, it
"has. continued its
The action gave legal affect to
Albany in 1939-42 showed assess¬ to the. District. ,•
policy of keeping in close touch the Vice-Chancellor's decision of
ments of parcels involved ranged
with conditions existing in every three months ago that the legisHarrison (P. O. Harrison,), N. Y.
'from
25%
to
300%'
of actual
municipality under its jurisdiction iation
was
an
unconstitutional
Certificate
Sale
Benjamin I.
value..
The average assessment
as. the
Municipal Finance Com- ] donation of State funds.
It also was 117% of value.
Taylor, Town Supervisor, reports
mission, has attempted to-familiar- continued a restraint on the State
"No forced or foreclosure sales, that $360,000 tax certificates were
ize itself with the special prob-1 Treasurer
from
accepting paylems with which the local officials ments under the compromise/ The Simpson added, were considered j sold Sept. 29 to the First National
in the study, whiclr was initiated |Bank of Boston, at 0.83% interest,
in those municipalities are con¬ decree .is being appealed to the
by the Legislature's Committee on Due July 1, 1944.
fronted, has scrutinized all trans¬ State's highest tribunal, the Court
Assessments
and
Review.
The'
actions, and has endeavored to of Errors and Appeals.
Mamaroneck, N. K;
survey was directed by John E.
give as much guidance and con¬
Wild wood, N. J.
Burton and was taken over by
Certificate Sale
The $7,800
sultation as possible to improve
Simpson when Burton was named certificates of indebtedness off-1
the fiscal structure in those mu¬
approved refunding in 15 munici-
palities during the period covered
by the report.'
Each application
^
•
Monday, October 4, 1943
"The
'
,
.
,
—
—
Refunding Program Cancelled—
State Director of the Budget by ered for sale on Sept. 24—v. 158,
nicipalities."
It is stated by J. F. Clark, City
Governor Dewey Jan. 1.
p.
1290—were awarded to the
Three municipalities under the
Clerk, that the refunding program
"Under direct examination by First National Bank of Boston, at
jurisdiction of the Municipal Fi¬ involving the issuance of $300,000
Ernest B. Morris, special counsel 0.80%.5 Dated Sept. 29, 1943.
Due
nance Commission were refunded
bonds has been abandoned.
for the inquiry, Simpson testified on Sept. 29, 1944.
-.4
during period of the report and
that:: ■•v.1
1
^
; sj
Next highest bids (both 1.00%),
new Mexico
:
four
municipalities
were
dis¬
"There had been no general re- were submitted by the Manufaccharged from its jurisdiction, hav¬
Las Cruces, N. Mex.
valuation of properties in Albany turers Trust Co. of New York, and
ing met all the requirements of
the County Trust Co. of White
" I':,'-u;.
Bond Sale Details—Boettcher & for years."
the statute for discharge, "v
and
Bosworth,
Chanute, "The assessor's office keeps no Plains.
A summary of the recommen¬ Co.
Loughridge & Co., both of Den¬
ver, have contracted to purchase
from the city an issue of $1,250,War-Time Operations
000 electric revenue bonds, pro¬
The board is of the opinion that ceeds of which will be used by
municipal management during the the municipality to finance pur¬
chase of the properties of the El
war will require sustained effort
oh the part of local officials to Paso Electric Co., located in Dona
meet many problems which have Ana County, of which Las Cruces
is the county seat.
Report of this
already arisen and which will
dations of the Local Government
Board follows:
proposed sale was carried in our
The debt structure of every mu¬ issue of May 10—v. 158, p. 1701.
It is now reported that the sale
nicipality must be strengthened
to prepare for the inevitable bur¬ will be made subject to voters'
den which will follow the war. approval of the bond issue at an
arise in the future.
should be made to
Every effort
pay
off debt and build up sinking
All
non
should
be
-
essential
spending
eliminated
and
the
strictest economy should be prac¬
Wherever
ticed.
possible
losses
in
personnel should not be re¬
placed. Purchases of material and
supplies
should be kept at
a
Anticipated revenues
ought to be conservatively esti¬
mated.
Over-optimism in esti¬
mated revenues must be guarded
against constantly.
A sensible program of post-war
p^ced
on
the importance and
of the project and the mu¬
important factor.
recurring costs
maintenance
important factor
considered.
an
equally
which must be
;
result for the planning of post¬
war projects can best be achieved
by the use of the capital budget
with as complete an anlysis as
possible of the costs both initial
as well as operating.
Refunding Operations
The board again urges local of¬
scrutinize all refunding
ficials to
plans carefully with a view to
determining not only the cost of
issuing expenses but the over-all
cost of
well
as
a
a
$47,000 in 1947; $50,000
in 1948 and $53,000 in 1949.
1, as fol¬
lows: $55,000 in 1950 and $57,Due May
3s.
112,000
000 in 1951.
■
Due May 1, as fol¬
lows: $59,000 in M2; $61,000,
$65,000,
1955; $67,000 in 1950" and $69,-
000
$63,000,
in
19M;
1957.
474,000 43/4s.
Due May 1, as fol¬
lows: $71,000
in 1958; $74,000,
1959; $77,000, 1960; $80,000,
1961; $84,000 in 1962 and $88,-
All
of the bonds will
be
dated
They will be subject to redemp¬
option of the Town, in
or in part, in inverse num¬
whole
erical order, on
May 1, 1948, and
on
any
interest payment date
thereafter, at the principal amount
the
and
date
interest
accrued
fixed
for
to
redemption,
plus a premium of 4^% of the
principal amount thereof for each
bond redeemed.
terest
Principal and in¬
(M-N), payable
in lawful
at the Town Treasurer's
office, or at the option of the
holder, at the United States Na¬
tional Bank, Denver.
money-
new
benefits and burdens.
a
Property
Assessment
Methods
—-
cost to the
possible reduction of operating described by a state investigation
expenditures, adjusting abnormal¬ witness yesterday as one of "arbi¬
ly low assessments or assuming an trary
assignment of taxes"
in
additional burden wherever it is
which there is "no
possible to do so.
any
In
any
event great care should
> •'
•
.
'
-TV,:
is
practically
appraisal
no field
character
V
done."
"There is
application of any
systematic methods of valuation."
no
"When assessments
are
made in
this way, year after
year," Simp¬
said, "you eventually reach a
son
place where assessment
be
a
erty tax.
to
ceases
of valuation at all,
process
and the tax
be
to
ceases
Assessment
a
prop¬
becomes
a
of arbitrary assignment of
taxes, on the basis of a taxpayer's
previous payments or other con¬
process
siderations.'
application of
systematic methods of valua-
tion.'
New
prop¬
You apparently have
Note Sale—The
To Bessemer Trust Co. of Jersey
City
naw,
Commissioner
$300,000 first series at 0.40%
"In
the period devoted to field
work,
this
minute
would
and
a
allow
quarter
about
per
a
prop¬
"Simpson, the only witness,
not
was
examined.
The hearing
adjourned indefinitely, with
cross
was
the
commission
ordering that the
study of property sales be brought
up to
date."
School District
No. 9, N.
Offering
Y.
notes
fifth
and
E.
series
All
of
dated
the
Oct.
$2,980,000 notes
21,
1943,
and
mature
April 21, 1944. The Chemical Bank
& Trust Co. of New York and
sociates bid
a
as¬
rate of 0.47% for the
entire offering.
Salomon Bros. &
Hutzler of New York bid
0.425%
the
$1,600,000 notes compris¬
ing the first four series. The Bes¬
semer Trust Co. of Jersey City bid
a rate of
0.43%, plus $9, for the
fifth series; 0.44%, plus $12, for
the sixth, and 0.45%, plus $15, for
the
Stratton, 1400 State Tower
Building, Syracuse, until 2 p.m.
(EWT) on Oct. 8 for the purchase
$18,000 not to exceed 6% in¬
of
terest coupon or registered school
bonds.
Dated Oct. 1, 1943.
De¬
nominations
terest
lows:
$1,000 and $500. In¬
Due Oct. 1, as fol¬
$1,000 in 1944 to 1958, and
A-O.
$500 in 1959 to 1964.
terest to be in
multiples of V4
one-tenth of 1%
for all
same
Rate of in¬
or
and must be the
of the bonds.
Prin¬
cipal and interest payable at the
First Trust and Deposit
with
cuse,
New
York
Co., Syra¬
exchange.
the District, all the taxable real
property within which will be
subject to the levy of ad valorem
taxes
to
terest
thereon, without limitation
as
said
pay
bonds and
to rate or amount.
are
in¬
Said bonds
issued pursuant to the Educa¬
tion
Law,
said bonds
as
amended.
are
$8,500 fo
issued for the pur¬
seventlf^|l80fes.
Backing Sought for City Fiscal
Presidents
—
York
of
five
New
City
service, taxpayer, civic and
labor organizations asking wheth¬
er
the organizations would sup¬
port a seven-point fiscal program
for the city.
'
The program,
recommended
re¬
cently by the Committee of 15, a
citizens group, called for assump¬
tion by the State Government of
maintenance costs of certain state
bonds Third
Series, 3V2%, dated
May 1, 1936, due May 1,1976, then
outstanding, at 103% of their face
value,
Nov.
plus
,1,
accrued
1943.
interest
Said
price will be paid upon the
render of said
tral
Hanover
New
York
tured
bonds
Bank
sur¬
at the
&
Cen¬
Trust
City, with all
interest
to
redemption
Co.,
unma¬
attached.
coupons
Registered bonds must be accom¬
panied by duly executed assign¬
ments or transfer powers in. blank.
Rochester, N. Y.
Note
Offering—Fred W. Ereth,
First Deputy
Comptroller, will re¬
ceive sealed bids at the
ler's
office until
October
5
for
Comptrol¬
noon
(EWT)
purchase
the
on
of
$400,000 special local water works
notes.
Dated
due
June
on
Oct. 15, 1943 and
15, 1944. Bidder to:
state
raet of interest, denomina¬
tions desired and specify to whom
notes
shall
be
made
payable.
Notes will be made payable to
request.
upon
They will
be drawn with interest and will
be deliverable and payable at the
Central Hanover Bank & Trust
Co., New York City,
Interest will
be
basis
computed
on
the
of
360
days to the
year.
Bids must be
submitted for all or none and ho
bids will be accepted at less than
taxes
without' limitation
Seneca
Falls,
Bond Sale—The
or
"
amount.
or
registered
$84,300
158,
jointly to
p.
E.
coupon
semi-annual
bonds offered for sale
—v.
•/
Y.
N.
on
water
Sept. 24
1082—were awarded
H. Rollins & Sons,
and Geo. B. Gibbons &
of New York, as
Co., both
t%$, paying
a
price
of 100.60, a basis of about
1.45%.
Dated Sept. 1, 1943.
Due
on
Sept. 1 in 1944 to 1973 inclu¬
sive.
Second
by
of
best
Wood,
100.797
bid
was
Struthers
for
&
1.60s. Next
bidding
offer
an
Co.,
of
highest in
Coffin
&
Burr,
tender of 100.64 for
a
1.60%
was
The
First National
Waterloo,
offered
l%s.
Bank
100.05
for
..
north
carolina
Craven County (P. O. New
Bern).
N.C.
Bond
Tenders Invited
—
It
is
stated
by Jane Holland, Clerk of
Board
of
County Commis¬
sioners, that pursuant to the pro¬
the
vision^ of the
Bondholders'
county
chase
agreement with the
Committee,
t h e
invites
of
tenders
for
pur¬
its
refunding
bonds,
functions such' as higher courts,,
July 1, 1936 (including Per¬
manent Improvement and School
county offices and board of elec¬
tions; release as far as proper Refunding bonds) which will be
from
certain
mandatory
State received until Oct. 11, at noon.
Tenders must give the
legislation affecting cost of city
series,
government; "fairer allocation" of bond number and the principal
amount of each bond and
the city's share of .state taxes.
shall
It also sought a self-sustaining stipulate the price at which the
are > being
transit fare; elimination of least bonds
offered,~ which
necessary
municipal
activities; price shall be interpreted to mean,
halt to capital outlays unless ac¬ plus accrued interest from July
companied
by
descriptions
of 1, 1943, to date of delivery.
Ail
operation costs, debt service and coupon bonds offered shall have
dated
source
of funds; and a
capital debt
the
July 1,
geared to actual real estate value
coupons
rather
must
than
present
"fictitious
One
assessed valuations."
Chamber of
is-
au¬
business
and
are
Authority, N. Y,
guson, that the above named
bonds.
letters, sent by the Bronx
Board of Trade, Inc., Brooklyn
$9,500 of said bonds
it,
thority has elected to redeem on
Nov. 1 all General and
Refunding
with
York, N. Y.
of acquiring a school site, a
purpose
of having a period of
probable usefulness of 30 years,
pose
sponsoring
Bond Redemption Notice-—It is
stated by Chairman Frank C. Fer¬
the
civil
will receive
in
Port of New York
*
are
C.
District Clerk,
associations
at
sealed bids at the office of Hubert
Pike.
the
if they would take
independent
on it.
•'
and
$380,000
seventh
series)
0.425% interest rate.
Plan
Carleise
of
action
each of rate
($500,000
sixth
organizations
announced on .Sept. 26 they had
written to more than 500 business,
—
of
or
valorem
$1,380,000
New
DsWitt Common
much
par and accrued interest.
Legal
opinion
will
be
furnished
by
terest, plus a premium of $3.
Reed, Hoyt, Washburn & Clay of
$400,000 third series at 0.42% in¬ New
York City and will state that
terest, plus a premium of $3, the
notes are valid and
legally
$500,000 fourth series at 0.42% in¬
binding obligations for. the pay¬
terest, plus a premium of $6.
ment; of which the city
may be
To Salomon Bros. & Hutzler of
required,.Jf necessary, to levy ad
New York City:
.V
for
erty."
in-
terest.
of
clared:
'
.,
how
they approved, whether
they would join a city-wide group
program
$400,000 second series at 0.41% in¬
reached that situation in Albany."
Assessments, testified at a previ¬
ous
hearing that he personally
does all field work, Simpson de¬
$2,980,000 (issue
V) notes offered Sept. 29—v. 158,
p. 1290—were sold as follows:
City:
Chamber of Commerce, asked the
organizations
bearer
York City Housing
Authority, N. Y.
■
ly binding general obligations of
yorx
Albany, N. Y.
substantial
Assailed
The
Albany <"Timesmunicipality local offi¬ Union" of
Sept. 24 reported as
cials. should explore methods of follows:
avoiding such additional cost by
"Albany assessment system was
volving
elementary
The bonds will be valid and legal¬
plan to a municipality as
careful analysis of the
plan in¬
additional
most
.an
of
Bond
May 1, 1943, Denomination $1,000.
thereof
the
■';
"There
work
000 in 1963.
a
Before embarking on a
erties."
384,000 3V2S.
1953;
of
relating to the value of
"Asserting that Richard J. Kin-
tion at the
■
The board believes that the best
;
at
lows:
The annual
of operation and
present
bonds
1945, and $44,000 in 1946.
150,000 2V2S.
Due May 1, as fol¬
nicipality's capacity to pay.
Not
only the initial cost,of project is
an
bond houses will pur¬
the
$130,000 2s.
Due May 1, as fol¬
lows:
$43,000
in
1944
and
projects should be conceived and
piarmed now. Emphasis should be
nAed
early
data
and mature as follows:
Adequate cash surpluses should
be built up.
an
price of
100.048 and they will bear interest
chase
;s-vv^
minimum.
at
Under the terms of the con¬
date.
tract, the
■".
funds,.".;
held
be
to
election
records
Board of Trade and Staten Island
The
Chamber
of
Commerce.
Queens
1944, and subsequent
attached.
be firm' until
or
more
All
offerings
Oct. 13,
bonds may
be
1943,
ten¬
dered.
Bonds will be purchased at
the
lowest tendered price. Such of
the
Commerce, New York tendered bonds
as
are
accepted
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
'Number 4217 :
158
for purchase, shall be delivered
through either the Branch Bank¬
ing & Trust Co., or the First Citi¬
zens Bank & Trust Co., New Bern,
within 5 days from notification of
the acceptance of the tender. «•
North Carolina
Debt
State
Urges
(State of)
Retirement
From Surplus—Earmarking
of the
accumulated
general fund surplus
for the payment of the general
fund State debt was strongly ad¬
vocated
Sept.
29
Ralph
by
Mc¬
Donald, candidate for Governor of
North Carolina.
"We
have
already
accumu¬
an
lated
surplus of more than $39,000,000 in the general fund," Mr.
McDonald said.
"This surplus of
idle money
in the State Treasury
increasing rapidly and will un¬
doubtedly be far in excess of $60,-
is
000.000 by the end of the present
biennium.
The best present esti¬
mate is that the surplus will reach
$75,000,000 by July 1, 1945 in the
general fund alone and $60,000,000
^estimate is very conservative.
"The
$20,000,000 reserve fund
1943 General As¬
sembly against the day of inevit¬
created
by the
able decline in
maintained
mainder
revenues
intact,
of
should be
but
.'the
re¬
accumulated
the
sur¬
plus should be set aside by the
1945 assembly against the general
fund debt.
It is possible that the
amount may be
sufficient to wipe
the debt in
out
"Our bonds
fortunately.
its
entirety.
not
callable, un¬
The issuance of nonare
callable bonds
was an
error
which
the State should not repeat in the
future,
which has already
an error
cost millions of dollars in exorbi¬
interest.
tant
cannot
be
-should
Since
offset
debt
by
called,
bonds
however, we
general fund
and practical
the
sound
a
the
two-fold procedure.
"First,
authorize
the
State
Treasurer, with the approval of
the Council of State, to purchase
outstanding bonds in the open
market when
do
it
seems
feasible to
so.
;*
■
"Second,
the remainder
the accumulated surplus as a
sinking fund to offset debt pay¬
ments from the general fund when
they become due."
-
invest
of
NORTH
DAKOTA
Forgo, N. Dak.
Bond Sale—The
$300,000 airport
improvement bonds offered Sep¬
tember 29—v. 158, p. 995—were
awarded to the Harris Trust &
Savings Bank, Chicago, and ParkShaughnessy & Co. of St. Paul,
jointly, as Is, at a price of 100.115,
a
basis
of
about
0.979%.
Clark County (P. O. Spring¬
Denomination $1,000.
Due $3,000
April 1 and $2,000 October 1 from
$22,000 31/2% hospital bonds to the
1945
State Teachers' Retirement
Fross,
ceive
Offering — Harold
County Auditor, will
to
may
for
7
lature to finance cost of
ing real
property
Cleveland, Ohio
Financing
of
8
Cleveland
has
$100, payable to the order of the
Sutton State Bank of Attica, must
accompany
♦
$25,000 sewage
—
disposal plant
a
Council
has
authorized
is¬
and
suburban
meeting for the
ures
will result
the
in
simplification,
overlapping
jurisdiction, and will bring about
an economy and efficiency in the
of
rendering of such community ser¬
vices
as
health, welfare, safety
and public utilities.
Mayor Lausche pointed out that
the
Post-War
Planning Council
was now in process of setting up
a special panel to study the entire
finance and organization picture.
This panel is to work through
leading citizens of the communi¬
ties instead of through the public
officials.
:
:
•
"You
continually hear people
talking about post-war improve¬
ment of various kinds," Mr. Cohen
said, "but nobody tells us where
the money is coming from.
Why
not save it by reducing overlap¬
ping costs.
'
"They talk about $35,000,000 for
modernizing
the
transportation
system, so many millions for this
and
much
so
for
that.
can't
Legislature won't authorize
us
to raise it ourselves."
part of the
$1,500,000 authorized by
-November, 1941,
general election.
City
to
fiscal
passed,
year
the
state
already has collected 58% of the
for the 1943-44
money
necessary
fiscal year.
ap¬
Fairfield, Ohio
,
Bond
Sale
The
—
gutter
s^mi-annual
imprajjisfent
$38,000,Offered
Sept. 25—v. 158,
on
1185
p.
—were
awarded to J. A. White &
Cincinnati,
of
as
Village Clerk, will
sealed
bids
re¬
noon
on
purchase
the
for
8
until
of
$10,000 not to exceed 4% interest
plant
improvement
bonds.
$500.
Denomination
Interest A-O.
Due $500 on
April 1 and October 1 from 1945
to
1954 inclusive. Rate of interest
to be
of
expressed in multiple of JA
1%.
Bonds
will
nicipally-owned
payable from
No
be
to
be
10-mill
conditional
issued
bids
to
mu¬
plant and
gas
taxes
the
sidered.
are
levied
limitation.
will
be
con¬
A certified check for 1%
of the
Black estimated the surplus for
this year will
bonds, payable to order of
village, is required.
Legal
opinion of Peck, Shaffer, Williams
a
basis of
will be asked to pass on the issu¬
ance
of $315,000 memorial hos¬
special
iy2s,
as
101.03,
Due
March and
1953
to
bonds
paying a price of
basis of about 1.30%.
a
on
1944
assessment
The second
Sept. 1 in
inclusive.
highest bid
was
Bond
Election
Pending—It
is
for
follows:
Ohio
2s
bids
at
the
■
of
Co.
100.20
issues
V;-'■y'-'-'V.-"
arid
$35,500
lV2s at
100.61.
'
'Pohl
&
Co.,
'
Cincinnati—$2,500
i
Greenfield, Ohio
Bond
be
until
bids
noon
on
October 16, by Lew P. Waddell,
Village Clerk, Clerk, for the pur¬
chase of $22,100
31/2% hospital
Interest
Dated Jan.
payable
M-S.
one
The state invested
$7,500,000 of
the
$7,605,000 surplus for the last
fiscal year in treasury
notes, and
if the surplus for this
year is so
invested the state will have cash
$29,894,472
as
available to pay off half the debt.
$19,333,333.
Governor Kerr's avowed pur¬
Evatt attributed the desparity in
part to increased prices, inflated pose is to pay off the debt left by
the Phillips
administration and
purchasing power and relaxation
of federal
estimated
restrictions
produc¬
on
tion of civilnm commodities.
revenuefyfigures
The
clude
the
vehicle
gasoline
license
earmarked
only,
do not in¬
tax
fees
motor
or
which
are
other
administrations
of his
surplus
in
law
or
not
are
"/ payable
It will be
That
until
bonds
government
applied only to the
highway purposes
plus for last
public utility excise taxes
which
by the end
four-year term.
necessary for the legislature to
authorize investment of this year's
the
for
as
sur¬
■' V-.-Uv
year.
may
mean
fight in the
a
December.
Municipal
Market
during
the
past
though
our
price
week,
and al¬
index remains
from
last
week,
the
con-
continued quite firm.
index
the
yield,
repre¬
senting the bid side of the market,
Ohio
20
lower
in
Mariemont
enlargement,
that
after
structure
and
bonds
remains
at
on
10
the
and
of
war,
the
Fairfax
grade school.
of
Tax
Appeals had ap¬
application of the Dis¬
proved an
trict for submission at the above
election
bond
of
proposed
a
$245,000
Bond
Election—It
election
Park
building
equipment.
The
be set
and
$5,000
for
remaining $145,000 would
aside to permit the inaugu¬
as
soon
Dale Park
a
the
after
building
war
program
as
at
and Fairfax.
thorized at
an
1942. Bonds
$240,000
$850
on
were
August,
to be dated March
Denomination $850.
March 1
au¬
Due
a^id September 1
Canton,
Ohio
Prin¬
construction
Bond
Election—It
is
stated
by
Lester L. Braucher, Village Clerk,,
that at the general election in
pass on
Bond
bonds
Election—At
in
of
will
general
the
voters
bonds, it is said.
An
Associated
Press
on
Sep¬
tember
27
reported as follows:
Ohio's general fund for the 194344 biennium will have a net sur¬
plus
of
more
unless State
than
revenues
$35,000,000
decline
un¬
expectedly, William S. Evatt, Tax
Commissioner, said today.
Assuming revenues remain at
levels,
Evatt
said
the
lected to meet the
Of
col-
was
appropriations
$20,904,330 and the balance
was
applied for debt service.
Black said the
need
general fund will
$7,970,204
priations
for
meet
to
the
month
appro¬
balance
and income
next
tax
of
the
collections
expected
are
to
$4,000,000. About $1,5Q0,0Q0
lapsed appropriations will be
returned
Jan. 1.
the
to
general fund
by
That will leave about $2,-
500,000 to be collected in Novem¬
ber and December to meet all ap¬
for
the
months of the fiscal
to make up the
said
it
should
last
six
will go
year
surplus and Black
amount
to
$8,-
The principal remaining on the
sfate debt is $28,416,671, and prin¬
cipal and interest if all notes run
to
maturity
up
tions
is
$32,086,985.
better under
than
>
#
state
condi¬
war
officials
antici¬
pated.
-
A fight was made in the last
legislature ito reduce the state in¬
come
any
OKLAHOMA
tax. Governor Kerr opposed
change in the tax structure
until the state debt is paid.
Konawa,
Bond
ously
the
Sale
J.
of
in
these
to
columns
Piersol
account
an
of Calvert
E.
previ¬
$6,000 water works
bonds
.
composed
and
Sapulpa,
Details—We
reported
award
extension
Okla.
&
Bond
Canfield,
Co., both
of Oklahoma
City.
It is now re¬
ported that the bond houses pur¬
chased
the
1952
at
a
interest
price
of
cost
of
2.858%,
due in
1953.
the
was
The
only
Commissioners
passed
Small-Milburn
other
a
are
said
resolution
County
to have
calling
for
issuance of
$40,000 3% court
house and jail refunding bonds.
Due on Sept. 15 as follows: $3,000
in 1948 to
1959, and $4,000 in 1960.
Oklahoma (State of)
Expects Cash Surplus Equal to
Half
Sale
—
A
Okla.
1
syndicate
:
(
com¬
posed of John Nuveen & Co., Chi¬
cago,
Commerce
Trust
Co.
of
Kansas
City,
Baum, Bernheimer
City National Bank
Co., both of Kansas City,
purchased on September 28 an
& Co. and the
& Trust
issue of $607,800 refunding bonds
at a price of
100.002,
a
net interest
as
Bonds Authorized—The
the
Bond
cost
of
about
3.137%, for the
follows: $5,000 3s, bonds divided as follows: '
$1,000 annually from 1948 to
$264,000 3%s, to mature $44,000
inclusive and
$1,000 2y2s,
about
due
bonds
net
a
bidder,
proposed issuance of $65,000
naming a price of 100.10 for $3,000
library construction bonds.
31/4S and $3,000 3s.
Ohio (State of)
McCurtain County (P. O. Ida&'el),
Biennial Surplus of $35,000,000
Okla.
—
$13,934,128
State tax collections in the main
Ohio
the
November
$25,641,652
by, the
equalization.
000,000.
issue
will be asked to pass on the issu¬
of $15,000 storm sewer con¬
Co.
the
amount,
held
election
of
Collections
Vermilion-On-The-Lake,
100.229,
.
board
of
estimated
as
fighting propriations needs.
be considered by the voters at the
November general election.
Village
fire apparatus
election in
are
fire
Election—An
Council has passed a resolution to
which
by
the
ance
Bonds Authorized—The
bonds
November
Ohio
struction
purchase
in
Township
School
District (P. O. Springfield),
Middleport, Ohio
issue the $8,500 3%
stated
Springfield
Bond
The plan calls for use of $100,for the purchase of the Dale
is
Village Clerk that at the gen¬
issuance
of $8,000
equipment bonds.
acquire real estate,
buildings and buy equip¬
000
the
by
voters will be asked to pass on the
issue to
remodel
state
in
the
estimated need
revenue
reach
Roseville, Ohio
eral
The report stated that the State
Board
in
year,
grade bonds 1.60%.
the
the
of
of
purchase of the Dale Park School
Building
1, 1943. Denomination
for $1,100. Due $1,000
March and Sept. 1, 1944 to 1953,
present
$1,000,
an
bonds remains at 1.22% and
dispatch from Oolumbus
Offering—Sealed
received
produced
against
sales
district at the general election on
November 2, to approve a plan for
November, the voters will
2i/4s at 100.11 and $35,500 l%s at
100.41.
period
that
eight-month
1.41%. The yield on 10 high grade
werej
Columbus—$2,500
the
for
cipal and interest (M-S) payable
at the Village Treasurer's office.
offer of 100.20 for $2,500
100.61 for $35,500 as
and
added
for
tion plans to ask the voters of the
bus,
an
prescription
reported that the Board of Educa¬
from 1944 to 1948 inclusive.
2s,
1 Vzs.
and
He
income
Our
mitted by the Ohio Co. of Colum¬
as
medicine.
tax
market has
(P. O. Mariemont), Ohio
1, 1943.
sub¬
food
undertone of the market has
Mariemont Village Sch. Dist.
Due
Sept. 1 in 1944
a
tion to repeal the sales tax on res¬
taurant
unchanged
pital bonds, it is reported.
price of. 100.24,
1953 inclusive.
to
35,500
V
a
about 2.21%.
March and
on
with
next legislature
for use of the
surplus to reduce taxes or to
Activity
apply oil highway construction
Picks Up—The
September 29th
& Gorman of Cincinnati will be
which has been curtailed because
issue of the weekly market bulle¬
furnished the successful bidder.
of the decline in
highway funds
tin put out by J. A. White & Co.
from gasoline tax revenues
of Cincinnati, reported as follows:
Lima, Ohio
Black reported collections have
Bond Election—At the general Activity in the Ohio municipal
election in November the voters market has picked up somewhat amounted to $13,728,652 to meet
possible of
as
period
the
ration
follows:
nial
State ended the last bien¬
.
ment.
bonds.
of
We
get any money from the State and
the
inclusive.
the voters at the
of dis¬
purpose
elimination
Will
issue
mayors to
tion of governmental functions. <
Mr. Cohen asserted such meas¬
$20,000 2%%- general
hospital bonds, to be dated Jan. 1,
1944 and mature $1,000 annually
on September 1 from 1945 to 1964
are
surplus
this
^
,
Forecast
of
Bonds
im¬
post-war
of
out
cussing annexation and consolida¬
Bond Issuance Authorized—The
suance
the
Greater
Ryan, Sutherland & Co., Toledo
—$35,500 l%s at 100.40.
Cincinnati, Ohio
The
—
within
It is
bonds.
City
Authorized
officials
Other
Pending
reduce
will
program
anticipated
The
finance improvements to the
as
reported that Peck, Shaffer &
Williams, municipal bond attorneys of Cincinnati, are preparing
legal proceedings for the issuance
of
Bonds
North
Cedarville, Ohio
foundation
proximately $35,815,000.
savings
in
operation through annexation and
consolidation
of
governmental
overhead.
He introduced legisla¬
tion
in
the
Council
requesting
Mayor Lausche to invite county
the bid.
Bond Issuance
Im¬
forth
put
that
finance
provements
different rate of
a
/
A
three months of
$6,000,000 for post-war 'highway
construction and $4,000,000 which
will have accrued for the school
the
;<
Ohio
Dated Oct. 1, 1943.
Cohen
recommendation
Denomination $500.
In¬
terest A-O.
Due $500 on October
der may name
HilUboro,
Victor
1, 1943.
interest, expressed in a multiple
of Vi of 1%. A certified check for
on
provements Planned—Councilman
estate purchase bonds. Dated Oct.
1 from 1945 to 1950 inclusive. Bid¬
Board,
Aug. 30—v. 158,
gas
for
real
of
sale
847—was erroneous.)
p.
October
Post-War
2V4S, paying
October
on
that the
reports
noted here
as
ceive
Bond Offering — L. G. Sutton,
Village Clerk, will receive sealed
noon
reassess¬
in
$2,500 Village's portion bonds
the'purchase of $3,000 2y2%
Waddell
mott, Jr.,
to an
enactment of the 1943 State Legis¬
Co.
Ohio
..
a
Commissioners, is required.
pursuant
for sale
OHIO
for
bid
the county
for taxation purposes.
A certi¬
fied check for $300, payable to
order
of
the
Board
of
County
issued
inclusive;
bids until
Bidder
Bidders must
1954.
different rate of interest in
be at least $8,000,000, which with the $7,605,293
surplus of
Council is said to have passed an
surplus last year will pay off
about $45,000,000.
:; ;
ordinance calling for the issuance
nearly half of the $32,000,000 to
Evatt said the surplus would be needed if state funding bonds
of $10,000 gas plant repair bonds.
have been cut considerably if the
run until
Due in 10 years..
maturity and all bonds
legislature
had
accepted
Gov. must be
paid.
Bond Offering—J.
E. McDer- John W. Bricker's recommenda¬
be
aggregating
Attica,
of
terest, expressed In a multiple of
% of 1%.
Interest A-O.
Bonds
will
and
$50,000 in 1953.
on
different rate of in¬
a
bonds
1952 inclusive and
re¬
purchase
the
curb
to
M.
noon
inclusive.
1950
name
until
bids
sealed
October
Dated
1948
State
$30,000 2V2% property reassess¬
ment, bonds,, Dated Nov. 1, 1943.
Bond
1,
Ohio
Oct. 1, 1943 and due October 1, as
from
$1,100 Sept.
1393
would
accumulate
about surplus in the state general reve$45,815,000 above budgetary re¬ nue fund already is in sight for
a mul¬
quirements by Dec. 31,1944, based this fiscal year and it will enable
tiple of
of 1%,
These bonds on general fund revenues of $83,- Oklahoma to
put away funds to
were
authorized at an
election 945,249, or
$15,271,915 above pre¬ pay off about half of the state
held on June 7, 1943.
vious estimates, for the first eight debt, Ernest M.
Enclose a
Black, auditor for
certified check for $500, payable months of the
Governor Kerr, reported
period.
Sept. 23.
to the Village Treasurer.
A contingent
(Mr.
appropriation of
With less than
field),
follows: $25,000 from 1944 to 1947
$30,000
and $1,000 March and
of
State
Debt—Another
annually
from
1946
to
1951
inclusive.
220,000
2%s, to mature $44,000
annually from 1952 to 1956
inclusive..
44,000 3s, due in 1957.
79,800
314s,
bonds
$44,000
$35,800 in 1959.
originally of¬
to- mature
in 1958 and
The
...
were
fered September 7 at which time
the one bid received was jrefjected.
Second
offering
high
was
offer at the recent
made by a group
composed of Stranahan, Harris, &
Co., Inc., Ranson-Davidson Co.,
Barcus, Kindred & Co. and Crummer & Co., which bid on a net in¬
big terest cost of 3.22%.
^
1394
Vf HE COMMERCIAL & FINANCIAL CHRONICLE
OREGON
Grant
County (P. O. Canyon
City), Ore.
Bond
•
Treasurer
Julia R. Mosier calls for payment
Call—-County
Nov. 1,
1943, road bonds, dated
Aug. 1,1921, numbered 243 to 264,
optional Nov. 1, 1943, also refund
ing bonds dated Nov. 1, 1936, ma¬
turing Nov. 1, 1943, being num¬
bered 22 to 25, at the National
City
Bank,
New
York,
fiscal
agency for the State, except the
bonds owned by the State and the
State Land Board, which will be
paid at the County Treasurer's
office. 1
.7-X.; 7v
'
i.XA ■
on
.
•
.
■
/"'A A
PENNSYLVANIA
Allentown, Pa.
Bond
000
bonds
158,
:
$120,Sept. 29
offered
847—was awarded to
p.
Singer, Deane & Scribner of Pitts¬
burgh, as Is, at a price of 102.26,
basis
a
of
about
0.581%.
Among other bids were the fol¬
lowing: Union Trust Co. of Pitts¬
burgh, 0.75s, 100.096; Stroud & Co.
Schmidt,
100,163.
Poole
Co.,
&
Is,
-
„
Meadville, Pa.
ing bonds offered Sept. 28—v. 158,
1186—were
p.
to
awarded
the
Union Trust Co. of Pittsburgh, as
0.75s, at a price of 100.006,-a basis
of
about
0.74%.
and
1943
dye
Dated
Oct.
1,
Oct.
1,
follows:
as
$4,000 from 1944 to 1950 inclusive
and
$3,000 in 1951 and 1952. Sec¬
high bid of ,100.96 for Is was
made by Singer, Deane & Scrib¬
ond
of
ner
..A ',•••
Bonds
Sealed
—
bids
received until 8 p.m. (EWT)
Oct. 1, by W. H. Anderson,
were
on
Borough Secretary, for the pur¬
chase of $10,000 coupon general
obligation bonds.
Denomination
$1,000. Dated Nov. 1, 1943.
Due
$1,000 on NOV. 1 in 1944 to 1953
inclusive.'"7;
peace-time status can be accom¬
plished much easier.
"We
of
W.
; ^
on
has
to the amount of
bonds
$2,060,700 being
the outstanding balance
of bonds
^aggregating $3,000,000, are called
f for payment on Dec. 1, 1943.
Said bonds with all unmatured
attached
coupons
sented
The
is
*
must
National
be
pre¬
blank.
Bank,
fiscal
1,
1923
issued
were
(pursuant
sions of
Oct.
77:\";: ^7;A.;':V -y'
>■;
Said bonds
Dec.
on
the
to
in organizing a
which ultimately
will
include
four
employees,
headed by
Robert B. Mitchell,
engaged
now
Executive Director.
The
petition
requesting
the
court to permit the city to deduct
approximately
$6,000,000 still
vated will reduce the
city's fund¬
ed debt by that amount.
This, together with a reduction
city's net debt of $318,000,000 through an appropriation of
about
$7,000,000
in
the
1944
of the
budget, will allow the municipal¬
ity to wipe out an excess of $11,000,000 in its borrowing power at
the present time.
noted that
was
further
a
$5,000,000, will
be
possible
through
estimated
earnings by the Sinking Fund.
be
used
to
year
as
recommended
the
provi¬
authorized
or
on
the
loans aggre¬
gating*^,250,000,
due Dec. 1,
1973, and redeemable at par and
accrued interest at the expiration
of 20
from Dec. 1, 1923, or
at any interest period thereafter
on 60
days! notice by public ad¬
years
vertisement
dinance
1943).
(pursuant to the
approved
'
Sept.
on
v,/
.
or¬
16,
y;
Mayor Submits Post-War Proj¬
ects
uel
Plan—Mayor
has
made
adequate
a
funds
Bernard
move
Sam¬
insure
to
for
Pleas
mon
Court
to
exclude
Frankford Elevated debt in
the
com¬
Due
of
1943
ex¬
4%, payable A-O. Denomina¬
$1,000.
Dated Oct. 1, 1943.
$50,000 from Oct. 1, 1944 to
at
est
a
rate
semi-annually
Oct.
1
term
in
each
on
year
April and
during the
deduction
be levied
the debts se¬
thereof,
without
for any taxes which may
year
public works
clude
such
items
program
as
a
to in¬
water
sixim¬
November
general election was
rejected by the City Council on
Sept. 17.
ISLAND
RHODE
Offered
Bonds
received
were
William
Sealed
—
until
noon
bids
on
Oct.
1,
by
Oct.
1
1944
to
A.
Brown,
follows:
as
$8,000
$7,000
and
1953,
in
in
1954 to
1963, all inclusive.
SeWgrage Loan, Act of
500,Q00
Oct. 1
on
as
$13,000 in 1944 to
1963, and $12,000 in 1964 to
1983, all inclusive.
1,
1943. Principal
and interest
(A-0 15) payable at the First Na¬
Bank
by
City.
the
option
time
for
bonds
of
the
of
holder
registered
a
the
denomination
same
at
bond
maturity
any
or
and
multiple there¬
of, not exceeding the aggregate
principal amount of the coupon
or
a
and accrued interest from the date
of
the
bonds
will
will
to
be
be
the
date
of
accepted.
delivered
to
de¬
Providence,
I.
R.
Retains
Board
Tax
$2.50
of Tax
Rate—The
Assessors
on
Sept.
City Treasurer
Walter F. Fitzpatrick a 1943 local
tax levy of $13,341,204.50 on as¬
13
certified
sessed
to
valuations
379,940.
While
totalling
$708,-
i.q}V
.
valuations
the
continued
be
rate
on
are
next year
intangible
and
in¬
tangibles—as against tangiblesaccounts for a lower total levy
tively
lower
the
although
show
an
tax
rate
total
on
valuations
increase.
With real and tangible
property
falling off for a total
purchaser by the City Controller
tate valuations
printed bond
the aggregate
or
bonds for
principal amount of
Public Works
Mr.
$4,651,780, the loss in real es¬
was $1,274,380 and
the loss in tangible personal prop¬
erty was $3,377,400.
Total real estate valuations this
year
amounted to $403,118,100,
on
will
'
be
closed
Decern-'
;
•
Rotan, Texas
Bond
Call—George
mingson,
T.
7
Hem-
Secretary-Treasurer
Crummer
of
&
Co., Inc., of Dallas *
(Trustee),
announces
that
The 7.
City of Rotan, Tex., through its
City Council
will
exercise
its'
right or option of redeeming on
Nov. 1,
1943, the > next interest
paying date, by paying principal
and
accrued
interest, $85,000
funding water
revenue series
works
and
•
re¬
sewer
of 1935
bonds, Nos.'
94, being part of r
1 to 22 and 32 to
total authorized issue of
a
$94,000, 7
bearing interest rates of from 2% to.5%, payable on May 1 and Nov;
1, dated Nov. 1, 1935, in denomi¬
nation of
1,
$1,000, maturing on Nov.
redeemable on any in¬
1955,
terest
and
date.
payment
Principal
interest payable at the office
municipality
had certified any such organiza¬
tion officially, and that until such
action was taken his department
no
co¬
operate, to the end that any plans
might have the "approval of legal
authority."
The State has in its files studies
for
vestment Ca, Wichita,'the paying
agent
said
which would
highways
named
bonds
in
said
bonds),
--
or *
be presented for
may
redemption at the First National
'-7:A'
Bank in Dallas.
on
■
County (P. O. Rankin),
Texas
Bond Redemption
stated
by
A
Notice—It is
Elizabeth
L.
Rains,
County Treasurer, that the county
Department.
Ryan said
start
has
exercised the option granted;
by Article 720, Revised Civil Sta¬
tutes of Texas,
1925, to redeem
$17,000 6% Court House and Jail
*
bonds, dated March 1, 1926, in de¬
$500,
maturing 7,
$1,000 during each of the years:
1944 through
1960, numbered 27'
to 60, being all bonds now out¬
standing of this issue.
nomination >of
at the Massachusetts line in Paw-
A Said bonds have been called for
tucket and fan out through Paw-
redemption
tucket, Providence, and Cranston,
according to Mr. Ryan, who re¬
cently announced
details
of a
$20,000,000 State post-war con¬
struction project Which included
references
no
urban
to
ment has been urging,
7A:';A-?%7:'A
SOUTH CAROLINA
Charleston
where
deemed
terest.
It
—
is
awarded
stated
that
on
tional
pation of the collection of school
taxes for the current and
ensuing
under authority of General
Assembly Act approved Feb. 2,
1939.
Legality approved by John
I. Cosgrove of Charleston.
year,
DAKOTA
take
Sch. Dist (P. O.
Plankintoti), S. Dak.
Interest
v.
the
for sale
on
R.
A.
of
Plankinton,
2.85s, at
par.
Dated July 1, 1943. Due on
July 1 in 1944 to 1963 inclusive.
as
The only other bid received was
offer: of par for 3s, submitted
an
Electric
It
is
Stock
stated
Sale
that
sell
Contract—
the
to
Engineers
the
City
the
stock of the El Paso Electric Com¬
for
base price of $6,947,000,
plus certain net current assets and
pany
a
adjustments
to
the
.
•
and
A
by
.
Vandewater, Sykes
of New York.
&
Gallo¬
way,
■■
UNITED STATES
Federal Public
Housing
>
Authority
1
Temporary Loan Note Offerings
—We
informed
are
Krooth,
General
by
David
Counsel
to
L. :
the
Authority, that
000
a total of $30,950,short-term notes
(designated
-
"Temporary Loan Notes") are be¬
ing offered for sale; $17,137,660 on
Get. 7, the remaining $13,813,000"
Oct.
of
20.
eral
He
these
the
is
functions
Housing
that
each
v^ill be
issuer and
Public
which
states
notes
se-
:
Requisition Agreement
the
Fed- 1
Housing
now
of
Authority,1
administering the
the
United
Authority.
States
Under
this
agreement the FPHA commits it- H
self
to make funds
available' for
the full payment of the
principal
and interest of each of the
respec¬
tive issues! of notes to the
paying
tion to be held October
fore, has the
9, and to
Co.
A
Nov.
1, 1963; and A
maturing 1978, are callable
1, 1943.
Legality approved
their maturity.
deal is subject to
&
callable
are
closing date,
$2,000,000. v ■'
approval
by voters of the City at an elec¬
which may total
The
7;
1957, *
$3,000 in 1958, $2,000 in 1959, $3,000
in 1960 to 1964,
$4,000 in 1965, $3,000 in 1966 'and
1967, $4,000 in,
1968 to 1972, $5,000 in
1973, $4,000
in 1974 and 1975,
$5,000 in 1976
and
1977, and $98,000 in 1978.
Bonds maturing in 1964 to
1977,
between
Service
to
First'
date called.
ceases on
Underwood
cured by a
Company (parent
Paso Electric Co.) has con¬
of El
the
at
Rankin, Rankin.
Oct. 1,1943. Int. M-N. Due Nov.
1,
follows: $2,000 in 1950 to
issue
Texas
Paso,
;
holders,;
as
on
TEXAS
El
in¬
.yA;7
Small wood & Co., both of Dallas,
purchased an issue of $187,000:
3%%
refunding bonds.
Dated *
Aug. 16
158, p. 625^-were awarded to
Farmers & Merchants State
Bank
7
of C. F; Childs W Co./ Chicago;
District Clerk, that the
semi-annual
fundi n g
bonds offered
re-'
Weslaco, Texas
,
Bond Sale—It is stated by Lynn
Fellows,
rV;
these bonds
up
Nov.
Plankintott Indep.
$17,000
York
be
accrued
Gz'AAA v-A/A;.;
State Bank of
bonds
SOUTH
will
and
Bonds Sold—A group composed 7
Sept. 21
jointly to the South Carolina Na¬
Bank, and the Citizens and
Southern National Bank, both of
Charleston, paying a premium of
$161.11. Dated Sept. 21, 1943. Due
on Jan. 15, 1944.
Issued in antici¬
were
they
par
arrangements have been made to
v
tax ' anticipation
2%
at
For the convenience of
County (P. O. Charles-*
Sold
1, and
Commerce,- New
City,
tony, S. C.>
Notes
November
on
shall be presented to the National'
Bank of
construc¬
tion such as the Federal Govern¬
056.
valuations
ber-1.
establish
to
with the
State, it was declared by Daniel
J.
Ryan, Director of the State
tracted
rose
contract
to v cooperate
by the State of South Dakota.
The levy on this
taxation
post¬
construction pro¬
Island cities in
with the State has
by failure of indi¬
communities
agencies
Public
of
a
Rhode
stalled
from the
1942 figure of $782:047.20 to $832,-
type
at his office.
The City reserves
the right to deliver to the success¬
ful bidder a temporary typewrit¬
or
:for
vidual
Intangibles showed a gain of
$12,502,200, rising from $195,511,800 last year to $208,014,000 ih
this year's assessment. It was the
first time since 1937 that intang¬
ibles had risen.
Program
of
highway
gram
personal
property remains at 40 cents per
$100 valuation.
The compara¬
directors of the 7
of
Co., Inc., of Dallas
(successor to Brown-Crummer In¬
(State of)
Highway
War
-
Sought—Development
war
notes
of
ten
Rhode Island
Post
$100,000
Providence.
approval
of Crummer &
Boston, or at the
Rhode Island Hospital Trust Co.,
The
the
This
of
the
assumed
to last
.,
tional
will
be
bonds will be coupon bonds
$87,247,840, as compared
year's total of $100,625,240.
at
.year
the
parent utility company ,at a meet¬
ing to be held late this week.
If
all
approvals
are
granted, the
valuations
of tangible personal property this
Denomination $1,000. Dated Oct.
The
either
printed or engraved, as the pur¬
chaser may specify, exctameable
at the City Controller's ftmCe at
bonds, or on
cured thereby by the Common¬
wealth, pursuant to any present
or future law
(except succession,
estate, inheritance and gift taxes),
the payment. of which taxes will
fixed
assessors
could not know with whom to
Cranston, R. /.
$7,850,420
above the 1942 total, the increase
represents a gain solely in in¬
tangible personal property, and
the total amount to be raised by
taxation is $66,285.70 under this
year's figure.
%
The present tax rate of $2.50
per $100 valuation on real estate
and personal tangible property,
the maximum allowed by law,
said
livery
gathering data for
construction bond issue at the
war
not
able
bonds
used in
$3,000,000 post¬
a
1963. The bonds shall bear inter¬
ness, thereby increasing the city's
potential borrowing capadty.
Mayor Samuel explained that
the $800,000 appropriation will be
Re¬
follows:
B
The
been
Election
Bond
consider
voters
bids will
Interest rate is not to
bonds.
puting the city's bonded indebted¬
^
Proposed
a.m.
Series
provement,
ceed
10
$144,942,140, " while
buildings and other improvements
are valued at
$258,175,960.
Last
year, on total real estate valua¬
tions of $404,392,480, a tax of $10,109,812 was levied,
'
cooperation
jected—A proposal to have the
1939 bonds. Due
(EWT),
on
Oct. 14, by Edward R. Frey,
City Controller, for the purchase
of $1,000,000 coupon general im¬
be received until
to
Depart¬
Scranton, Pa. '
Pittsburgh, Pa.
municipal bond or bonds surrendered in ex¬
post-war projects, submitting to
change therefor. Registered bonds
the City Council a plan providshall be registered with the City
ing:
Treasurer and shall be reregis¬
1. A request for an appropria¬
tered only on the books of the
tion of $800,000 in the 1944 budget
City Treasurer.
Unless all bids
to assist the City Planning Com¬
are
rejected, the bonds will be
mission
in
preparing plans for sold to the highest responsible
post-war public works projects.
bidder complying with the terms
2. A resolution petitioning Com¬ of sale.
No bid, at less than par
■
Approved—The
for storage of road equipment and
material.
im¬
(post-war projects)."
provements
amount
ment of Internal Affairs is said to
have approved recently a $14,000
bond issue to acquire real estate
it is required
and
year
toward
accrues
was
960.72 in 1931.
Bonds
from
it
as
$10,077,952.50
Land valuations this year
-
City
Treasurer, for the purchase of the
"These reductions," the Mayor following
coupon
of
fegistered
said, "will result in the creation bonds aggregating $650,000:
of legal borrowing power which
$150,000 refunding bonds. Due on
can
tax of
a
levied,
year's levy was fixed at $2,431,196, against the 1942 total of
quest. The successful bidder will $2,515,631' ' 4':"
':■
be furnished with the opinion of :
The $13,34^20^.50 total- levjAis:
Reed, Smith, Shaw & McClay, of for the fiscal year beginning Get.
Pittsburgh, that the bonds are di
1 and stays well within the $13,rect and general obligations of the
200,000 minimum and $13,500,000
City, payable both as to principal maximum set by the City Council
and
interest
from
ad
valorem last
May.
Although the lowest
taxes, without limitation as to rate since the 1939 figures of $13,034,or
amount on all real property
687.92, it is not greatly out of line
legally taxable therein.
Enclose with the 1940 and 1941 figures.
a
certified check for 2%
of the Last
year's levy of $13,407,490.20
principal amount of bonds bid for, was the second highest in the
payable to the City.
;
city's history, being topped only
by the all-time high of $13,483,Radnor Tp. (P. O. Radnor), Pa.
re¬
duction of possibly
which
from the City Controller upon re¬
Ele¬
Frankford
the
of
struction
on
ordinance effective
an
5,
1923, and
cregrtNteof a loan
!
Commission, he announced,
exceeding the
agent of the city. Bonds registered'
rate specified above and must be
as to principal alone, or as to both
uniform for the entire issue, pay¬
principal and interest must be ac¬
companied by appropriate instru¬
ments of assignment executed in
I?
work
staff of workers,
tion
for payment to the Phila¬
delphia
others very little, if any,
been done."
Bond Offering—Sealed
that
announces
are
v".'.■■■.
Call—City Clerk William
Felton
find," he said, "that some
plans already are prepared,
practically finished, and
our
some
Philadelphia, Pa.
Bond
pro¬
viding employment for returning
service men and other civilians,
public works
program
ready the changeover
from
war-time
economy
to
a
It
Heights (P. O. Beaver
Falls), Pa.
Offered
of
but if the city has a
Pittsburgh,
Patterson
burden
full
owed in connection with the con¬
Bond Sale—The $34,000 refund¬
^
the
assume
Dated
Oct. 1, 1943 and due $15,000 on
Oct. 1 from 1945 to 1952 inclusive.
and
bonds shall be in full force and
AAA'''"; Vr
> Mr. Hopkinson pointed out that effect, according to their terms.
Bids must be made upon blank
during the transition period pri¬
which
vate industry will not be able to forms
may
be obtained
war.
issue of
Sale—The
sewer
—v.
provement, sewage disposal and $1,000,000
General
Public1 Im¬
provement Series B bonds of 1943,
drainage construction.
The Mayor's letter was accom¬ which
shall be
substantially in
panied by a communication from the same form as the definitive
Edward Hopkinson, Jr., Chairman bonds to be thereafter issued with
of
the
Commission,
explaining appropriate omissions, insertions
that the projects can be gotten and variations as may be required.
under way during the transition Until their exchange for definitive
bonds.
period following the end of the coupon
Tfie temporary
Monday, October 4, 1943
agent of such notes
lected by the
(who isfsepurchaser) prior to
•
Each issue, there¬
same
security
as any :
Volume
Number 4217
158
no matter which local
thority is the issuer.
other,
au¬
Issues to ,Be Sold on October 7
$6,920,000 National Capital Hous¬
ing
Authority,
Washington,
D. C., notes, dated Nov. 3,
1943, due on Nov. 8, 1944, and
consisting i of the following
series;; 31st, $920,000; 32, 33
'
and 34,
$1,00,000 each; 35 and
36, $1,500,000 each.
1,759,000 Newport News Housing
Authority, Va., notes, dated
Nov. 3, 1943, due Nov. 28, 1944
and
consisting; of
$759,000
:
eight series
and
$1,000,000
.
ninth series.
,
1,805,000
Portsmouth Housing
Authority, Va., notes, dated
Nov,:' 3,
1943, due: Nov. 22,
1944, and consisting of $805,000 eight series and. $1,000,000
:
"'"l-.-v.
1,435,000 Richmond Housing Au¬
thority, Va., notes, dated Nov.
3, 1943, due Feb. 27, 1945, and
consisting of $435,000 fourth
series and $1,000,000 fith series.
Nov.
Illinois,
Dakota
South
Lead In
Revenue Administration Reorgan¬
izations This Year—Illinois set up
a
single
to
department
administer
of
revenue
its
major excise
taxes and South Dakota reorgan¬
ized its revenue agencies to high¬
light legislative activity by a score
states this year in the field
of
of
administration,
revenue
Federation
of
tors reported
The
Tax
the
Administra¬
today.
Illinois
reorganization
transferred administration of
mo¬
tor
fuel, cigarette, alcoholic bev¬
erage,: public utility and sales
taxes
from the
to
nance
the
department of fi¬
newly-created de¬
partment of revenue, which is or¬
ganized into divisions which ad¬
minister the various taxes under
and supervising accounts and ex¬
other departments,
i
Greenville Housing Authority, S. C., second series
notes, dated Nov. 3, 1943, and
due Feb. 6, 1945.
'
•
ing, .and
1,165,000
Rock Island Housing
Authority, 111., notes, dated
Nov. 3, 1943, due Feb. 6, 1945,
and consisting of fifth series
in
blocks
of
$500,000
and
■:v
:Nov. 8,1944.
1,205,000 San Bernardino County
(Needles), Calif., notes dated
Nov. 3,
1943, due Feb. 27,
1945, and consisting of $500,000 third series and $705,000
fourth series.
sion,
of
October 20
on
$207,000 Providence Housing Au¬
thority, R. I., 16th series notes,
dated
The
Nov.
10, 1943 and due
Feb. 27, 1945.
4,900,000 Providence Housing Authority, R. I., notes, dated Nov,
10, 1943, due Feb, 27, 1945,
and consisting of $900,000 17th
series;
$1,000,000
18th,
and
which had
tax' commis¬
been
in
charge
abol¬
was
ished and its functions transferred
to
railroad
a
and
property tax
division within the department of
revenue.
to be sued in equity by
any munic¬
ipality to enforce and satisfy its
tax
assessment
or
to
erty
state
new
law,
may use
which
liens
the
on
prop¬
state
only
for
Under
post-war
construction.
Minnesota law local
the
governments
levy
may
taxes
to
holds
support
post-war funds,
which
Illinois ordered the state's may not be spent until one
year
attorney to defend a tax collector, after the end of the war.
title;
sheriff
bailiff
or
in
of
case
civil
The
New
York
action
act
authorizes
brought against him for the local
governing body to make
performance of official duties.
levies without limit on time or
Besides the Florida and Illinois
laws
having
amount
and
without
election;
indirect bearing
Washington's law is similar, but
on
administrative
relationship, requires that
purpose of any pro¬
between the state and its sub¬
posed levy must be specified in the
divisions,
numerous
states
en¬
ordinance making the levy and
acted legislation, especially in the
may be changed only by a ma¬
property tax field, concerning the
jority vote at a general or special
powers
of taxation of counties, election..
cities
an
towns; the establish¬
special districts such as
school
and
flood
dis¬
prevention
tricts and airport
authorities; and
concerning state supervision over
Though these laws
local bodies.
too
to
numerous
said
mention, the
Michigan
new
:
Wisconsin
laws
of
are
especial significance—the Michi¬
gan legislation creating a munici¬
The
association
said
that
cities
of several states, including Wis¬
consin, have been settling up re¬
serve
funds
ment,
and
charter amend¬
authorized by
by
action
home rule provisions of the states.
In addition to post-war reserve
fund
enacted
measures
various
states
nadian
provinces
this
by
—
the
two Ca¬
year,
Ontario
and
regulate Quebec—adopted legislation al¬
lowing their municipalities to set
finance* division to
pal
:/
y':;:p.-. ■ 7';y
and
of
ment
the borrowing of money and the
creation
of
sinking
funds
by
up cash reserves for the post-war
Laws of the two pro¬
municipalities;
the
Wisconsin period.
statute ordering the state depart¬ vinces, broad in scope, are similar
of
created
licensing
a
new
within
the
of
ment
taxation
—
information
with
co-ordinated the State's
pointing the
of
the
same person as
taxation
director
of
division of licensing.
new
Adoption of
on
and
direc¬
privilege tax
Tennessee brought
creation^ of a new state
a new
crude oil* by
about
agency there—a
board—to
state oil and gas
this new oil
enforce
production
while
tax,
several
states—including Arkansas, Idaho,
Indiana, Pennsylvania, Utah, Ver¬
mont
and
Wisconsin—transferred
administration of individual taxes
one
agency to another.
fc(r
Arkansas,
example,
,
other
states
sub-divisions, territorial and in¬
Government on sular possessions, on June
30, 1943,
the basis of reciprocity or for the amounting to
$3,441,027,000, a re¬
release of information concern¬ duction of $52,853,000, or about
ing tax collections to the Federal 2% since June 30, 1942, when the
and
the
Federal
North
The
by
specific purposes.
commission
of
revenue
of
authorized
was
law, with approval of
and the council of
new
a
the
Carolina
governor
total
$3,493,888,000.
On Dec.
31, 1942, such holdings by insured
was
commercial
banks
$3,533,-
was
486,000.
ordinate
administration
the
collection
of
taxes.
war
ties in
Post¬
Reserves—Wide
Cash
in¬
nation's municipali¬
terest of the
preparing
for the post¬
legis¬
now
is reflected by 1943
war era
Senator W. Warren Barbour
(R.),
in cooperation with the New Jer¬
\
Building
Municipalities
and
Taxpayers
sey
Association,
per¬
relief for local govern¬
ments throughout the nation suf¬
manent
fering tax
sult
of
losses
revenue
property for
legal
a
re¬
acquisition
Federal
lation
as
of
be accorded.
giving cities and towns
authority to build up cash
reserve
funds for public works
"The
war
purposes
would
Jersey
Taxpayers
administration
.
conducting a
nation-wide campaign to secure
100%
compensation in lieu of
taxes
for
municipalities
where
property has been removed from
the list of tax ratablesby reason
of Federal
Government war-time
ownership," Senator Barbour ex¬
plained.
A
"In Newr Jersey alone," he fur¬
ther declared, "many millions of
dollars'
been
porth
of
property
exempt from taxation
ing the past four years
Government
eral
has
as
has
dur¬
the Fed¬
taken
over
large areas, first, for defense, and
cerning procedures in connection
V
notes,
1943 and due
Montgomery Housing
Authority, Ala., notes, dated
Nov. 10, 1943, due Aug. 22,
1944, and consisting of $366,000 ninth series and $1,000,000
tenth series.
1,232,000 Charleston Housing Au¬
thority, S. C., notes, dated
Nov. 10, 1943, due Feb. 6, 1945,
and
consisting
of
$232,000
tenth
series
then for war purposes.
This has
Oregon, California, Nebras¬
sharply reduced the tax income
ka, New York, Michigan, Wash¬ of local
taxing districts and shifted
ington, Kentucky, New Jersey and a heavy load of local govern¬
Massachusetts.
ment costs upon the shoulders of
Three
of
the
latter
states— the remaining taxpayers in these
Michigan, New Jersey and Oregon municipalities where the newly—broadened their previously-en¬ acquired
Federal
Government
acted statutes this year. Oregon,
property is located.
the association pointed out, was
"Since all of this property has
with
the first state to authorize munici¬
been
palities to build
ciated
and
simplicity
and
$1,000,000
eleventh series.
405,000 Champaign County (Urbana) Housing Authority, 111.,
consin, for example,, set up a uni¬
system of cost accounting for
ty highway departments.
Alabama, Florida, Georgia, Illin o i
s,
Ohio, New York and
Pennsylvania enacted laws con¬
legal remedies and appeals.
legislation, as an
example, provided that all con¬
tested tax payments,
except ad
valorm taxes, shall be held in a
special account until legality of
The
rules for
payer
1943
and
due
Nov.
28, 1944.
931,000
Corpus
refunding such payments
of judgment for the tax¬
were enacted.
case
One of the most
actments
in
Christi
28, 1944.
765,000 Tucson Housing Author¬
ity, Ariz., second
series notes,
1943
important
en¬
with
regard to
legal remedies was the abolition
of the state board
in
Georgia
functions
Housing
Authority, Texas, fourth ser¬
ies notes, dated Nov.
10, 1943
and due Nov.
Alabama
the tax has been determined. New
10, 1943 and due Nov. 8, 1944.
416,000 Rock Island County Hous¬
ing Authority (East Mofme),
111., fourth series notes, dated
in
Wis¬
coun
fourth series notes, dated Nov.
10,
procedures
form
in
Nov.
of
the tax administration field.
1,366,000
correspondingly
reduced.
Any
improvements made upon the land
by the Federal Government would
be
subject to
ments
only
ments
compensation
where
improve¬
performance
necessitated
public
schools
ment in such
rated
pay¬
the
of local service such
police, fire,
as
others.
or
Pay¬
would be pro¬
cases
according to the portion of
the local tax rate applying to the
service or services rendered.
"Congress is not unaware of
this problem and other measures
have been introduced, but I truly
believe that this bill, encompass¬
ing as it does the recommenda¬
tions of the New Jersey Taxpay¬
ers Association and affiliated or¬
ganizations, is the
which
one
com¬
prehensively deals with the sub¬
ject.
,
•
.
"By providing 100% permanent
relief for the
entire period of
Federal
ownership of war-time
property, taxing districts not only
will
be
aided
and
taxpayers
re¬
lieved of their unfair share of the
war
burden, but in addition
important
factor,
'
an
most
a
incentive,
will be provided for return of the
commission,
New
York
and
to
of tax appeals
transfer
the
the
state
of
its
revenue
federation said.
enacted
a
law
under
which procedure for review of
decisions of the tax commission
under
the
income, gas, public,
utility, business corporation, milk
military holdings to private own¬
ership after the war is over."
Preparation to Assure Salabilits*
of Municipal Bonds Urged—Cau¬
tioning Ahat municipal bonds may
alwkys be tax exempt, John
W, Agnew, manager of the munic¬
not
ipal department of the First Na¬
tional Bank of
Boston, advised in
address Sept. 20 before the
Rhode Island Public Finance Offi¬
an
planning
carried
for the
move
which
son
holds
at the
the
funds,
up reserve,
Reason
time,
a
association
which
had
the
worn
be borne
says
ers
and
to
was
was
borrowed
out.
states, California, Con¬
Minnesota,
New
York
Washington have the broadest
laws.
ized
California cities
by
are
author¬
1937 law to set up cash
by ordinance which
specifies their use, with no limit
reserve
on
the
a
funds
amount
the purpose or
of tax
levied for
the time levies may
should
equally by the taxpay¬
of the nation as a whole, I am
legislation
proposing
100%
for
Federal
providing
Government
post-war
Mr. Agnew suggested four steps
now to assure the sal-
of
municipal
post-war years.
bonds
engineering surveys by the vari¬
ous
municipalities in
planning
sound
post-war
ments,
he
should
set
up
public
improve¬
and accountants
sound system of
said,
a
governmental accounts.
Attorneys should pass upon the
legal aspects of the projects plan¬
ned
and
determine
whether spe¬
cial State
legislation might be re¬
quired to protect the program, he
Finally,
there should be
he
1943
Legislatures
Other
Than
tures
of
brought
Tax
Gasoline"
half
dozen
a
fuels
motor
ernment
cities
and
towns,
for
more
would
any
war
Annual
be
purposes
compensa¬
restricted
to
no
than that due under the tax
States
other
than
gasoline within reach of their tax
laws
on
changed rates of taxation
or
such fuels this year, the FedeiM
of Tax Administrators re¬
ation
ported recently.
The development
followed appearance on the high¬
of
ways
vehicles
growing number of
burning diesel and sim¬
a
ilar motor fuels
restrictions
as
on
gasoline consumption became in¬
creasingly stringent.
No additional gasoline taxes or
in rates were reported
increases
for
1943, but two States—Indiana
Missouri—repealed their ex¬
isting laws and enacted new ones
and
modernizing the taxation of gaso-.
line, and two States—Iowa and
Hampshire—re-enacted their
laws
with
important modifica¬
tions, the Federation said.
New
New
tax
levies
on
motor
fuels
other than gasoline this year in¬
clude Oregon's excise tax of five
cents
a
gallon,
Indiana's
tax of four cents
Dakota's
cents
a
a
cial
of
tax
gallon, Connecticut's
use
ators
license
gallon, North
privilege
tion.
whatsoever.
"Fuels
Legisla¬
—
fuels sold for
Sept. 8, 1939,
for military purposes,
including
fortifications, coast defense, mili¬
tary camps, cantonments, proving
grounds, air fields, training areas,
training schools, testing areas and
any other areas taken by the Gov¬
added,
cost analysis
of
activity to determine effi¬
ciency and financial stability.
a
each
ent
on
in
There should be
gallon, and Utah's 2% tax
emergency
be
with that in mind.
on
compensation. Included would be
any real property which has been
acquired by the United States
tion
be imposed.
Connecticut
war
that
municipalities
since the declaration of the pres¬
money
Of the 16
necticut,
today,
acquired for purposes asso¬
with the winning of the
and the cost of the
rea¬
help
cities out of situations where they
would be paying off long-term
loans long after the projects for
good
war
by
to be taken
were
taking the action in 1931.
Association
cers
continued.
New
Association has been
construction after the war,
trans¬
-
10,
May 29,1945.
ing a succeeding year, the Federaf
compensation payment would be
ability
Federal Bill Would Compensate
make agreements with Municipalities for Tax Revenue
the
Federal
government,
other Losses—Under the provisions of a
states or with local bodies to co¬ bill
introduced on Sept.
24 by
to
state,
Seven
state
legislatures gave
of
laws
their local governments such au¬
with motor vehicle li¬
dat^d Nov. 10, 1943, due Nov.
thority this year, raising to 16 the
censes and loading from the state
28, 1944, and consisting of
number of states where local gov¬
$680,000 third series and $1,- highway department to the rev¬ ernmental units have been
given
enue
department, while Indiana
000,000 fourth series,
\
transferred administration of the legal authority by the state to lay
1,099,000 Johnstown Housing Au¬
chain
store tax from the state money aside for the future, the
thority, Pa., third series notes,
American Municipal Association
dated Nov. 10, 1943 and due board of tax commissioners to the
auditor of state.
Administration reports. ' ''"V."
Feb. 27, 1945.
:
States taking action this year
of inheritance taxes was trans¬
233,000 Annapolis Housing Au¬
ferred from the auditor general were Arizona, Connecticut, North
thority, ■ Md.,
third ; series
to
the secretary
of revenue in Carolina, North Dakota, Minne¬
notes, dated Nov. 10, 1943 and
sota,
Pennsylvania
and
Rhode
Pennsylvania.
due Feb. 6, 1945.
"
The nine states enacting
Several states enacted legislation Island.
404,000 Dothan Housing Author¬
to bring about greater uniformity the legislation previous to 1943
ity, Ala., third series
ferred
dealing
dated Nov.
rate of the year of acquisition, but
should a lower tax* rate occur dur¬
'
State and Municipal Obligations
in Insured Commercial Banks De¬
budgetary methods.
Insured
states—Kansas, Maryland, creased
commercial
Rhode Island and Washington- banks in the United States held
made provisions for the exchange obligations of States
an<f political
the petroleum inspection and ped¬
dlers and solicitors taxes.
The
structure further by ap¬
to those of several of the states.
Four
Government for
revenue
local
imDroved
department of finance to admin¬
ister motor and tracitor fuel
faxes,
the alcoholic beverage tax, ana
governor
assist
to
governments in the installation of
of
Dakota
division
series 19 and 20 of $1,500,000
from
each.;V ;,v
1,680,000 Buffalo Municipal Hous¬
ing Authority, N. Y., notes,
state
property assessments,
tor
Issues to be Sold
:
service.
South
St. Louis Housing Au¬
thority, Mo., 17th series notes,
dated Nov. 3, 1943 and due
under the
exclusive
.
was
given the job of
operating the state informational
$665,000.
598,000
con¬
1395
remedy" surplus funds to build up a re¬
through which a taxpayer may serve-fund, or they can make
have
his
liability
determined special levies up to 2 mills on the
judicially.
Florida gave consent dollar. Such funds may be spent
and
and of supervising state purchas¬
445,000
"the
:
federation
;
department of finance re¬
tained its functions of examining
of
cigarette tax laws is to
stitute
revenue
The
penditures
and
are
director of
a
appointed by the governor.
series.'!V
..
:
■
;
direction of
;"V:i
1,805,000 Columbus Housing Au,
thority, Ga., notes, dates Nov.
3, 1943, due Nov. 8, 1944, and
consisting of $805,000 ninth
series
and
$1,000,000 • tenth
,
dated
10, 1943 and due
Aug. 22, 1944.
175,000 Clallam County
(Port
Angeles) Housing Authority,
Wash., second series notes,
V dated Nov. 10, 1943 and due
Nov. 8, 1944."
-V.:>
;;
•
ninth series.
THE COMMERCIAL & FINANCIAL CHRONICLE
;
tax
of
spe¬
cents
three
domestic
four
on
a
such
consump¬
Colorado, also, made oper¬
of vehicles burning diesel
fuels
or
liquified petroleum gas,
except vehicles used for farming,
liable
for
the
State
motor
fuel
tax.
New
Hampshire also took action,
connection; one of the *
major changes in the State's new,
in
this
re-enacted
motor
provides that the
fuel
tax
consumer
law
must
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1396
offering for sale at 7 State Treasurer. On Sept. 1, the
October 25, an issue of State had a total balance in all of
$73,000 pot to exceed 23/4% semi¬ its various funds of $31,456,871,
annual
refunding
bonds.
De¬ exclusive of Government bond in¬
nomination $1,000.
Dated Dec. 1, vestment. On Aug. 1 the balance
1943.
Due on December 1 as fol¬ in all funds was $31,784,167. -
that he
the motor fuel tax when a
covered by the regular
gas tax law is used to propel. a
motor Vehicle on the highway*
pay
p.m.,
>\ fuel not
Texas
the only State to re¬
was
duce motor
tax
tax
rates, cutting its
lows:
high¬
diesel fuels used in
on
six
to
-
laws, which replaced out-moded
statutes,
include provisions
in
both laws for collection of the tax
from the first receiver of fuel
law
State.
contains
the
also
must be
post exchanges, exported fuels,
licensed distri¬
for other
than highway
accompanied by
new
distributor
licensed
who
sell
resale
'' Y.";:.;'■■■*; V:.
were no increases
or use.
While there
in
a
gas
notes
made permanent its
board's
tax
of
one
hy^fhe county
committee.
interest
carry
The
at
1%:
loan of this
type made in 1943 and the lowest
tem¬
cent
Sept. 27
finance
The issue is the only
since
according to Frank
Bittner, County Auditor.
When
the
1943
budget was
drawn up, it had been contem¬
plated to sell $3,000,000 worth of
tax of five cents a
New York extended to
March 31, 1944, its emergency tax
of one cent a gallon on gasoline
and other motor fuels; and North
Dakota extended to July 1, 1945,
additional
corporate purpose
finance county business
will
notes
gallon;
its
to
in
for the rest of the year was rec¬
gas
porary
Canada (Dominion of)
1929,
the notes.
But there
was
a
cut in
expenses and an increase in rev¬
a
The
enues,
gallen.
Ohio, Pennsylvania and
West Virginia also extended gaso-
will
notes
be sold to
the First Wisconsin National Bank,
the
Marine
National
Exchange
effort
with
all
their
resources.
(Hon. J. L. Ilsley, Minister of Fi¬
nance,
has announced that the
forthcoming loan will be in two
maturities:
an issue of 3s, priced
and maturing Jan. 1, 1959,
and an issue of l%s, priced at par
and due on May 1, 1947.
Both
at par
series will be dated Nov.
1, 1943.)
The Bank of Montreal's letter
tinues:
/.
.'-v
*■
v''.V.v:
con¬
'■ v
v
"The
campaign for Canada's
Fifth Victory Loan is to open on
October 18 and is expected to last
three
weeks.
The
minimum
ob¬
jective has been set at $1,200,000,000, or $100,000,000 more than was
asked
a
as
minimum
amount
in
April-May of this year. Although
the objective is the largest on rec¬
line taxes. •
Bank and the Marshall & Ilsley
ord, it is actually less than the
Georgia
and
Nebraska both Bank.
'"...
:
total of cash
ruled
subscriptions last
by
legislative enactment
Wisconsin (State of)
that the gasoline tax is to be conspring—$1,308,985,500.
: "Individual subscribers will be
sidered.a levy on-*the consumer, as
Local S u r p 1 us e s Reportedasked to provide at least $525,did South Carolina in 1942.
Large surpluses in many local
Motor fuel tax refunds received
000,000; they accounted for $529,government treasuries were re¬
legislative attention in several ported Sept. 24 by the Wisconsin 641,800 of the Fourth Victory
Loan.
The special names, class,
States this year.
Colorado now Citizens Public
Expenditures sur¬
business firms, corporations, etc.,
grants refunds for gasoline con¬ vey on the basis of studies
being
are expected
sumed in "tractors, trucks and made
to subscribe $675,by local taxpayers associa¬
other farm machinery when used
000,000; they subscribed for $779,tions in various communities.
for agricultural purposes on farms
The survey said in some in¬ 343,700 of the last Loan.
and ranches"; North Carolina ex¬
stances
"Opportunity will also be given
reports from taxpayers
tended its list of permissible re¬
associations
indicated
cash
and to convert Dominion of Canada
fund claims by including losses
negotiable securities exceeded the 5% bonds maturing Oct. 15 next,
caused by fires and wrecking of
tax levy for this year, or repre¬ and 4% bonds maturing Oct. 15,
transportation conveyances, acts sented a
large percentage of it. 1945, which have been called for
of war, accidents, etc., and abolIt added:
r
redemption this October."
./
,ished a provision that losses must
*9
"Taxpayers
are
urging
that
be in excess of 1% to permit re¬
ALBERTA
.
■
■■
•
"
these
fund;. Texas eliminated a 1% de¬
funds
be
used
to
assist
in
first sale, distribution
of motor fuels from its tax
refund law, and permitted tax re¬
|' when budgets are formulated this
off use
funds
on
motor
on
Federal
fuel
sold
for
Government
to
its
erty tax reductions for next year
fall.
the
ex¬
*
gasoline sold to
school approved
existence of these surpluses indicates that too much has been col?
lected and that local levies can be
pilot traihing
by the Federal
a
reduced
The
is
refunded
in the other ;
survey
and treasury certificates exceeds
'
Interest
holders
(Province of)
Payment
of
Notice—The
debentures
Province which matured
1, 1936 and Oct. 1, 1941,
of
the
on
April
are
being
advised that the Province will pay
interest at the rate of 3% in re¬
spect of the half-year ending Oct.
1, 1943, being at the rate of $15
and $7.50 respectively for
each
$1,000 and $500 denomination. In¬
terest will be paid thereon upon
presentation of debentures at any
branch of the Imperial Bank of
by $65,000 the 1943 tax levy; that Canada
in
the
Dominion
of
the
Governmental
Economy Canada.
Legislation exempting the Fed¬ League of Rock County reports a
eral
Government
from
QUEBEC
paying surplus in that county as of the
State motor fuel taxes of one kind end of 1942 equal to 93% of the
Montreal, Que.
1943
or another was enacted this year
levy;
that
the
Shawano
I
Proposes New Refunding Plan
by
Alabama, Florida,
Indiana, County taxpayers- group reported
North
Dakota
and
Oklahoma. a cash balance of $290,810 in that —George C. Marler, vice-chair¬
North Dakota, in addition, ex¬ county as of July 31, 1943; and man of the executive committee of
empted from taxation motor fuel that the Vernon County Taxpayers Montreal's City Council, has sub¬
State for
.
substantially."
organization said
the Monroe County Good Govern¬
ment League
has reported that
Monroe County's cash on hand
Government; and Wisconsin how
will allow refunds on gasoline
purchased in Wisconsin and used
in other States provided an equal
amount
A number of local taxpayer
(groups have stated they feel the
1
clusive use; Vermont provided for
1
refund of three cents a gallon on
"
Alberta
making possible sharp local prop¬
duction
consin.
'
gasoline bought in Wis-
•
•
used by the State and
ernments.
local gov¬ •Association
reported
cash
and
treasury certificates on hand ac¬
Oklahoma extended its
count for "better than 57% of the
exemption to include motor fuel
used in aircraft engines on tests county's tax levy for 1943 puri
stands
for
army
instruction. poses."
Georgia
limited
exemption
of
General Fund Balance
The
gasoline sold to the Federal Gov¬ State of Wisconsin had a balance
ernment to that purchased and of
$7,766,275 in its general revenue
fund on Sept. 1, exclusive of a
paid for by the United States.
—
VIRGINIA
$19,998,984 investment in United
States Government bonds, as com¬
pared with a balance of $22,176,277
mitted
interest
to
be
a refinancing project aimed
reorganizing the bonded in¬
debtedness of the city at a cost of
about $417,000,000 over a 35-year
period, it was reported on Sep¬
tember 24.
In
man
a
letter addressed to Chair¬
J. O.
Asselin, Mr. Marler said
the plan was
tween several
a compromise be¬
plans submitted to
,
1945
maturity, then 2x/4, V-k and
23/4 for successive maturities
Series "B" bonds" would be dis¬
tributed
holders of bonds
before April 30,
1944, in order of1 present maturi¬
among
matured
ties.
on
or
The amount involved would
on
maturity
would
date
be
These will be paid
existing bonds, how¬ off between April 30; 1948, and
sheet April 30, 1959, with interest rang¬
units
ing from 2% to 3 V4 % and: final¬
which would run out at»present
ly to 3V2% for later maturities?
maturity dafes of bonds now out¬
The chief transaction, of course,
standing.
V; 4v:,w:V:0^'/
applies to general holders of the
Interest Payment Notice—Hold¬
city's
bonds
not
in
default,
ers
of bonds of the above city,
amounting to $111,039,997 as at
which were due on Nov. 1, 1942,
April 30, 1944. Bonds bearing in¬
are
being
advised
that
semi¬ terest
today at 3% or 3Y2% are to
annual interest on the bonds will
be exchanged for series "B" bonds
be paid on Nov. 1, 1943, at the
bearing
a
similar
rate
until
Bank of Montreal Trust Co., New.
present maturity and thereafter
York, N. Y.
Transfer books will at 3
paid
$35,722,364.
ever, by means of an extra
of interest "scrip" in 1%
.
October 1
1, inclusive.
Debt
Two
Refinancing
Considered—The
Being
;■■■■/:
to No¬
■\
vember
Plans
Toronto
reported
as
follows:
presently
outstanding
Series "C" bonds
at
33/4%.
bearing interest
In order to maintain the
principle that all bonds now out¬
standing will have present in¬
definite
Two
Bonds
and bearing interest at 4, 4x/4, 4Vzt
5 and 6% are to be exchanged for
"Globe & Mail" of September 27,
plans for refi¬
funded debt of the terest rates maintained to matur¬
City of Montreal are under con¬ ity, Mr. Marler provides that the
sideration, one offered by J. O. difference between the 33/4% to
Asselin, President of the Execu¬ be carried by the new "C" bonds
tive, and the other by George C. and the interest payable on the
Marler, M.P.P., Vice-Chairman.
| bonds to be exchanged for these
The plan of Mr. Asselin covers will be covered by "interest scrip"
nancing
the
the settlement
of bank indebted¬
for the difference in interest until
;
$21,584,036, term bonds the present maturity,
held by the public of $207,541,018, 1 ' It is stated in connection with
perpetual 3% annuities of $6,842,- this plan that the total outlay of
of
ness
056, 7% perpetuals of $378,700—a
total public debt of $236,345,811.
the city to service its obligations
under the plan "is lower than any
In addition there is
other
an
amount of
$50,989,965 of the city's bonds held
plan heretofore considered
by the city."
in the
working capital and sink¬
ing funds, making a grand total of
Sherbrooke, Que.
$287,335,777,
Of
this
Bonds Sold—It is reported that
total
there have been $175,000 3 V4% semi-ann. improve¬
$35,000,000 net in ment bonds were purchased re¬
bonds held by the public.
These, cently by a syndicate composed
with bank loans, sinking fund and of Mead & Co. of Montreal, Coch¬
other deposits, make a total of ran, Murray & Co., and Dyment,
Anderson & Co., both of Toronto,
$79,014,631.
With available liquid assets of at a price of 100,53* a basis of
$18,850,901, the chairman proposes about 3.19%. Due in 1944 to 1963.
to pay off $11,584,036 in cash to
V
St. Jean Baptiste, Que.
the banks, leaving a balance due
faults
of
over
them of $10,000,000.
To meet this
there would be issued Series "A"
Bonds
were
Offered
—
Sealed
bids
received until October 2, by
consolidated
bonds, bearing the Paul Rousseau, Secretary-Treas¬
April 30, 1944, and re¬ urer, for the purchase of $23,000
deemable in 10 years (up to April 3%%' school bonds.
Dated Sept.
date
30,
of
1954)
at annual rate of $1Interest of 3% would be
000,000.
paid
bonds
on
1, 1943.
1961.
Due
maturing up to
maturing
Saskatchewan
Coming
to the great bulk of
bonds, the chairman's
plan proposes to create a consoli¬
dated issue of series "B".
bondholders'
the
Where
committee
Sept. 1 in 1944 to
SASKATCHEWAN
after that date.
Montreal
on
Interest payable M-S.
1949 and 3 ¥4% for those
-•
(Province
of)
Reports Half Million Surplus—
Financial
ince
position of the Prov¬
Saskatchewan showed a
of
had
surplus of just over $500,000 for
uniform maturity for the fiscal year ended
April 30,
issue, with an in¬ 1943, it was
recently announced
terest rate at 4%, and the bonds
by Premier W. J. Patterson, the
paid off annually by drawings, provincial treasurer.
This is the
etc., the Asselin plan would divide second consecutive
surplus after
these into four groups, paying 3%
12 years of deficits.
For the year
suggested
a
the consolidated
of those redeemable
on
before
or
April 30, 1949 ($19,606,037), 3V4%
up to 1954 ($16,950,335), 3V2% up
1959
to
($23,063,983),
between 1959 and 1982
662).
The
new
33/4%
($147,920,and
bonds would
ma¬
ture in the order pf
their present
maturities, the shorter term bonds
now
outstanding being paid for
before the longer terms.
In deference to the expressed
claim
of the
British holders and
others that the present outstand¬
ing bonds of the city should con¬
tinue
to
maturity, the Asselin
plan has the following clause:
"None of these bonds may be
redeemed,
excepting with the
consent of the holder, before the
end of the term of maturity of the
present bond whichwthey have re¬
placed."
Marler
at
restore the financial position of
Leesburgh, Va.
the
city. Finances of Montreal
Bond Offering—It is stated by a month
were taken over by the Quebec
earlier, according to the
Louis T. Titus, Town Recorder,
monthly report of John M. Smith, Municipal Commission in 1940
the city failed to meet a
maturing bond issue.
Under the plan, all bonds out¬
standing would be exchanged for
new ' issues
bearing interest of
3%% for short term extension and
a
4% for final maturities.
Full
be closed from
Fifth Victory Loan Seen Test of
,
Notes—Sale of
$1,000,000
ommended
cent tax to June 30, 1946; Ne¬
braska
$2,638,179.
when
Exchange
Sells
existing taxes.
Florida extended
for two years its one cent a gallon
temporary additional tax; Massa¬
chusetts extended its additional
one
166 from
by
$1,000,000
tax rates this year,
dozen States did continue
State
half
:
re¬
to
motor fuel for non-taxable
certi¬
Nation's Financial Strength—Af¬
Pending—It is ter
noting that every previous
C. H. Lillie, Superin¬ Victory Loan has been oversub¬
tendent of Schools, that $61,000
scribed, the Bank of Montreal in
Wallace
School Building bonds its
monthly
business
summary
will be exchanged with the hold¬ comments that
the Fifth Victory
ers of the presently outstanding
Loan, opening Oct. 18 with a mini¬
bonds.'
vV■ v-' :;~'V"v/'
mum
objective of $1,200,000,000,
will be a hew and greater test of
WISCONSIN
Canada's
financial
strength
as
well as of the people's determina¬
Milwaukee County (P. O. Miltion to support the national war
;
:
V
waultee), Wis.
Bond
stated
then liable for
distributors
authorizes
a
(P. O. Kelso),
Wash.
The hew Iowa law also
the tax.
Dist.
technical as¬
provides that motor fuel refined
in Iowa or imported into the State
is not subject to tax until it leaves
the refinery or storage terminal;
ceives the fuel is
$11,262,353 in gasoline tax rev?
enue, as compared with $14,797,843
in the eight months of 1942. Liquor
tax receipts declined to $2,043,403
from $3,566,637 in these compar-
WASHINGTON
Kelso Sch.
pects from the old.
An important change in the re¬
vised Iowa
motor fuel tax law
the
obtained
fied check for 2%, payable to the
Town Auditor-Treasurer.
butors
the
State
the
Town Auditor-Treasurer. All pro¬ ! 633,058 from $1,509,186, and cig¬
posals must be unconditional and arette tax receipts rose to $2,644,-
and fuels sold: to
Otherwise
!
1
eight months of the
Principal and interest Jtive periods, but malt beverage
(J-D) payable at the office of the tax collections advanced to $1,-
exemptions concerning motor
fuel sold to the United States and
purposes.
for all of
same
year
the bonds.
Indiana's new
a broader list
laws differ in many
In the first
current
the
town reserves
interest to be the
of
to
The
1961f
right to call by lot at par after 10
years from date of said bonds, any
or all bonds outstanding.
Rate of
Major changes in the new In¬
diana and Missouri motor fuel tax
within
$3,000 in 1944 to 1949, $4,000
1954, and $5,000 in 1955
in 1950 to
transportation from eight to
cents a gallon.
way
:■
is
on
Monday, October 4, 1943
Plan
1941-42
Total
the Vice-Chairman,
George C. Marler, proposes three
separate groups of new bonds.
Series "A" would go to provide,
for net banking indebtedness of
$23,804,536.
In place of paying
surplus of $259,548
operations.
taxes also showed large
though in this
posed,
chairman
pro¬
he would settle these by
1948,
four payments, from 1945 to
with interest rates of 2%
for the
case
declines,
compensation
has been paid by the Dominion to
make
for
up
provincial
with¬
drawal from those fields of taxa¬
tion.
Figures for the main reduc¬
tions
in
tax
lows:
revenue
are
as
fol¬
\
Gasoline tax, $850,000
Motor
000
license revenue,
v
$1,200,-
:
;
Income tax,
$1,200,000
Corporation tax, $220,000
Returns from the education tax
(sales tax collected at retail out¬
lets) $60,000.
The
Premier
said
that
Sas¬
katchewan finances reflected im¬
proved
conditions and a distinct
betterment in the monetary posi¬
tion of the people.
The budget
surplus
the
year
from motor licenses and the gaso¬
line tax.
Income and corporation
prediction,
of
the
millions, which
figure includes large decreases in
important items such as receipts
the
plan
for
revenues
off the bank loans in 10 years, as
bondholders' committee and
the
was
on
amounted to $27.3
•
The plan of
a
realized
speech
fulfilled
last
made
the
in
premier's
his budget
year, that; the year
in all probability, a
balancing of the provincial budget.
would
see,
•
@FedFRASER