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•.'."A-
80i.
_
•Mm
MONDAY
Volume 156
■
New York, N.
Number 4113
.5.'
•»
■
.
•-■OK* MM'
M
MBH
Y., Monday, October 5, 1942
Price 60 Cents
...........
■
■=
C1TY
AND
DEPARTMENT
V -7.
BOND PROPOSALS AND NEGOTIATIONS
last two months by unemployment
relief which dropped $992,026, by
In This Issue
>
>■;
f.' •
the
Corporation News
State and
costs
of
Calofirnia,
decreased
$582,784
and by
istered
QUOTATIONS
New
York Stock
Exchange
New
York
Exchange
Out-of-Town Listed Markets
stating that it was not the in¬
of himself, or his clients,
to block refunding of the city's
Railway.
After
a
second
hearing with debt, fon refunding must come
bond brokers and bankers, Super¬ before the city can be properly
visor Chester R. MacPhee, Com¬ financed,
mittee Chairman,
"The purpose of the opposition,"
announced he
will request the board to rescind he said, "is to forever settle the
;;
Pasadena, Calif.
as
tention
Leland
M.
Kaiser
of
Kaiser
&
"And ,third,
to save the city
proceeds from the sale of cityOwned' lands which" bondholders
amounted to
ks
have made amenable to debt
1
Miscellaneous
$7,791,985.26 as com¬ nue bonds at this stipulated in¬
pared with $7,163,628.01 for 1940- terest rate and with the following
(See Index Below)
41, according to the annual re¬ terms and conditions,' would be
port of Miner B. Phillipps, City to enhance the possibility of pas¬
Controller.
His
report
of
100 sage of the charter amendment
CALIFORNIA
pages of figures covering munici¬ in November." i
ALABAMA
Leo B. Lee, civic club leader,
pal finances for the recent fiscal
Banta-Carbona Irrigation District,
Mobile, Ala.
year, was recently filed with the expressed the opinion that several
Calif.
Bands
Highly .Priced -r— The
Board of. City Directors. ■
/ past bond issues have been de¬
To Retire Bonds —. The above
"Register," a local paper, in its
; Controller
Phillipps
reported feated by San Francisco voters
district is reported to have de¬ that 1 disbursements - last
Sept. 25 issue said as follows:
^ear because they could not be as¬
A Birmingham investment «©m- posited $60,113 *.wfththr*Banr of amounted to $6,598,929.52, as com¬ sured in advance of a favorable
America, N. T. & S. A., San Fran¬ pared with $6,810,021.12 for 1940- interest rate.
pany
believes the city of Mo¬
The majority of prospective bid¬
bile's financial condition is now cisco, Calif., for payment of all 41.
outstanding bonds and interest
better than ever before.
For general city purposes the ders insisted that additional stud¬
not heretofore purchased by the
receipts last year from taxes, li¬ ies of the deal should be made by
The company offered yesterday
RFC in accordance with the plan
name"
censes,
fees,
fines
and
other some < "big
engineering
to sell back to the city $280,000
of composition.
Bondholders are sources of revenue, amounted to firm,' as an aid to marketing of the
in refunding bonds issued in 1940.
required under court order to de¬ $1,945,418.26 as compared with bond issue and agreed that ex¬
A price of 107.30 was asked for
posit their bonds and
interest $1,983,067.99 for 1940-41.
pense of such engineering services
the -3%% bonds.
.
:
coupons with the disbursing agent
Expenditures for general city should be paid by the successful
Veteran city officials could not
on
or before
Sept. 28, or there¬ purposes in 1941-42 totaled $1,- bidder.
:
ever recall when general obliga¬
after with the Clerk of the United
M acP h e e
and
703,985.82 and for the preceding ! Supervisors
tion bonds sold for more than 105
States District Court at Sacra¬ fiscal year were $1,804,384.31.
Adolph Uhl concurred in this pro¬
and
the
day when the bonds
In his report Controller Phil¬ gram,
mento, Calif.
with the stipulation that
brought slightly more than 40 was
lipps stated that the city began to preliminary reports of the en¬
California (State of)
riot so many years back, they said.
Financial Condition Termed Ex¬ feel the impact of the war, that gineering report be made public
before October 21-r-together with
ARKANSAS
cellent—An Associated Press dis¬ expenditures for defense purposes
.
t
,
patch from Sacramento on Sept. 9
(State of)
Sales Tax Fight Goes to State's reported as follows:
"By the simple expedient of not
spending all of the State's in¬
partment carried to the Supreme
Court on Sept. 23 its fight to col¬ come,": California/is now in the
best financial condition in all its
lect 2% gross receipts sales tax
,
•
Highest Court—The Revenue De¬
out-of-state
from
business
a
firms
doing
in Arkansas.
The department appealed from
Pulaski Chancery Court decree
which held
that
Arkansas
collect
sales
tax
not
from
could
three
machinery
and
mill
supply firms because they were
engaged in interstate operations.
Memphis
Will Seek Tenders Of Road Dis¬
trict "Bonds—Governor
Homer M.
Adkins has announced that he will
call
meeting in the near future
State Refunding Board to
fix a date for receiving tenders
on
outstanding Series "B" Road
District bonds..
Formal tenders
Of
a
the
previously resulted in purchase
of only a nominal amount of these
non-interest bearing bonds. Other
offers were rejected because the
prices were considered too high.
:
The
Legislature set aside
$2,000,000 with which
buy the Series "B" bonds at a
more
to
1941
than
discount before
maturity in 1949.
Some members of the Board con¬
tend
that the State should
all of these
possible,
obligations
and
a
retire
as soon as
concerted
move
accomplish
has been under way to
this purpose. As of June 30, 1941,
$2,206,852 of these bonds were out¬
standing.
.
,
history, State Controller Harry B.
Riley announced today.
As of Aug. 31,J?here was a gen¬
eral fund caslf-excess of
$42,288,481, Riley said, almost $12,000,000
more
ever
cial
than
the
greatest
surplus
recorded in the State's finan¬
history the
excess
shown in
1931.
"The
unprecedented condition
bulging treasury was achieved
by the simple expedient of not
spending all of the State's in¬
of
a
$69,669.19 an estimate of the probable maxi¬
This informa¬
for the general city and the Mu¬ mum interest rate.
nicipal Light and Power Depart¬ tion, MacPhee said, should enable
ment and the Pasadena Water De¬ city officials to tell voters what
the carfare will be following con¬
partment.
During the recent fiscal year solidation of : the Municipal and
four bond issues were completely Market Street Railway lines. '
in 1941-42 amounted to
The
finance
committee ; met
liquidated, the Controller reports.
They were the 1902 Municipal Im¬ with Controller Harold J. Boyd
provement Bond Issue of $148,- and prospective bidders to draft
000; the 1912 Water Works Bond specifications of the city's call for
Issue for $1,250,000; the 1931 Fire bids and to arrange for the en¬
Department Issue of $40,000, and
the
1921
Electrical
Generating
gineering. study...
and to eliminate ap¬
proximately $40,000 in notes and
purposes,
interest given to Lawrence W. Rittenoure
which
were
never
ap¬
proved by
Works Issue of $50,000.
In addition to completing
■
action
of
the
Metropolitan Co.
of the San Gabriel Water Project
$865,856 less than for the
bonds with an outstanding bal¬
corresponding period last year,
ance June 30,
1942, of $5,580,000,
but
expenditures for
the two
having purchased the city's Morris
months'
period were $2,024,706
Dam, and thus leaving an out¬
less than the corresponding pe¬
standing bonded indebtedness of
riod in 1941.
$84,875 in the project to be paid
Actually, the State is better off
by the water department.
The
by $76,358,172 than it was a year
city's debt retirement,, exclusive
ago, Riley explained, because on
of special assessment bond issues,
Aug. 31,1941, the State had a cash
as of June
30, 1942, was $2,773,100.
deficiency of $34,069,691.
San Francisco, Calif.
"The trend is continuing up¬
of
a
good
future,"
Riley said.
On
June 30, this year, the cash excess
was
$13,861,400. and on July 31, it
had. risen to $29,892,253.
of the monthly
bulletin published
by A. B. Morrison & Co., Congress
Building, Miami:
The
Florida
Municipal bond
market has been characterized by
extreme dullness the last thirty
days.
Attractive
offerings are
maihly conspicuous by their ab¬
From time to time efforts
sence.
have
been
made
by
dealers
to
create activity in some of the dol¬
lar issues but results thus far have
been neither
Prices
ity of
in
in
tractive
instances
some
Many issues
stronger.
lasting..
nor
softer in the major-;
than they have been,
cases
fact
looks
startling
are no
at
are
appear at¬
but
it
though there would be
as
no
present
levels
sustained activity until there is
definite
decision
bill.
the
on
a
tax
new
1
Tax
collections
(including
for
schools),
counties,
and
cities start November first.
too
none
most
It has
easy
to
balance
particularly
as
regards
•
-
-
the
was
immediate prospect
break in the State's financial
Summar¬
'
was
awarded
year,
no
Situation
income and out-go for operations.'
the Newark Special School District,
Debt service we believe, will be
retirement of the four issues, the
Del.
bond load was further reduced by
affected.
There
Bonds Sold—The Newark Trust little
may
be-
Sept. 29 an
on
Water
District
of
Southern issue of $60,000 2i/2% construction
come," Riley said.
California assuming under con¬ bonds at a price of 113, a basis of
He pointed out that revenue for*
tract the financing of the entire about 1.18%.
Dated Nov. 1, 1942
July and August, the first two
payment of principal and interest and due $3,000 on Nov. 1 from
months of the new fiscal
ward with
Municipal
ized—The following comments are.
taken from the September issue
budgets,
DELAWARE
.
election."
an
Florida (State, of)
been
'
ser¬
vice, it being necessary that the
city have these sums for operating
,
Arkansas
.
1937.
Comptroller's Report Cites Debt Co. disagreed, declaring:
"To be able to say to the"
reecipts of the
voter,
city from all sources in 1941-42 We have a firm bid for our reve¬
Reduction—Total
!
;•
•;
—
Unlisted Securities
...
; "v
''ii':1
.
interest payments on reg¬
warrants, which dropped
its resolution calling for bids on question of what properties can
$407,407.
The justly and legally be taxed so that
Major causes for the falloff in the bond issue October 13.
revenue, however, were: A $2,~ resolution was previously adopted injunction suits against the city
will
cease,
and taxpayers will
021,806 decrease in sales tax re¬ by a 10-1 vote of the board.
With one exception, all brokers know exactly what assets the city
turns, a $1,149,955 reduction in
and bankers at the hearing agreed has for purposes of taxation.
liquor taxes and licenses, a drop
"A further purpose is to save
of $1,038,125 in inheritance
tax the city would make a better deal
postponing
the
sale
until the difference of approximately
revenues, and a decrease of $316,- by
180 in motor vehicle "in lieu" tax nearer the date of actual issuance $300,000 by insisting that Crumof the bonds
which would be mer Company carry out the first
returns.
contract it made with the city in
January 5 at the earliest.
City News
Curb
University
whose
:
1
Principal expenditure item de¬ 950,000 revenue bond issue for
were recorded during the acquisition of
the Market Street
creases
'
Copy
MMI
ATF
:
a
...
Pre-Election
—Finance
Bond
Sale
Vetoed
committee members of
the Board of
Supervisors,
revers¬
ing their previous stand, decided
Sept. 21 to recommend that there
be
no
pre-election sale of the $7,-
1943
to
1962 inch
Other bids in¬
some
decrease in collectability of
ad valorem taxes
erty but
decrease
total
in
As regards
vacant prop¬
on
anticipate
we
no
marked
collectability.
counties, the State of-
cluded the following: Francis I. du
Pont
&
Co., 107.41; Laird & Co..
104.55;
Farmers
Trust
Co.
of
Newark, 103.33; Laird, Bissell &
Meeds, 103.
INDEX
Quotations:
Pago
New York Stock Exchange...,.... ,1205
FLORIDA
Avon Park,
New
Taxpayers Oppose Debt
filed
Refund¬
in
the
Circuit
Court
connection with the
application of the city for valida¬
tion of an issue of $1,587,531.32 re¬
funding bonds.
S. C. Pardee, at¬
torney for certain objecting tax¬
payers, is quoted in the local press
protests
in
Curb.
Stock
Exchange........ 1221
Exchanges,...
Unlisted Securities
State
ing—Several groups of taxpayers
have
York
Other
Fla.
1227.
1232
City Department:
Proposals and Negotiations.1193
and
Bond
Geii. Corporation and Invest. News. 1202
Dividends
Declared
and
Payable... 1199
Redemption Calls and Sinking Fund
Notices
.v,:.. ..........1199
•
Auction
The
Sales
Course
of
....................
Bank
1201
Clearings.. ...1233
Foreign Exchange Rates.............1201'
>
THE COMMERCIAL & FINANCIAL CHRONICLE
1194
ficials
have
been
Counties Pre-War Gas Tax Rev¬
insistent
very
counties
small
real
be
a
gasoline
operation of race tracks. Last
year
each county received just
short of $32,000 from this source.
This money is used by the county
commissioners at their discretion
various
recently.
As
for
general county
It
which
pur¬
in
constituted,
in
month
first
the
much
as
fund,
the emergency
is
this
but
has
$100,000
as
had to be withdrawn for this pur¬
pose.
many
*
„
instances, a sizeable percentage of
The tracks are
ILLINOIS
making preparations for opening
Centralia, III.
the total revenue.
with
■
-
|
Council recently
generally, it looks to us as though
sue
of
will be
site
bonds.
that
from
levenues
source
Proposed Bond Issue—The City
$60,000
•'
4
in
that,
fees
and
problems
license
own
miscellaneous
earlier
all of which are applic¬
to operating expenses,
are
The
appears
answer
in
reduction
be
of
number
to
premium of $28.15, and are de¬
scribed more fully as follows:
ployees and more efficient oper¬
The former is being taken
of to
One
some
$200,000 1 Vz % corporate warrants.
Dated
March
23, 1942, and
due
in
13
months.
Legal
extent by the war.
encouraging
much
cities
the
in
tax
that
result
drives and foreclosing and
delinquent
is
rule
mat¬
established
selling
the
Once
property.
that
if
■
taxes
.not
War
crops
.
activity, plus
profitable
have placed most situations
curtailment
the
to
have
become
those
and
services
many
to
will
public
be
health
continued.
not get the
may
same
at¬
tention, free public entertainments
won't be
on
the scale
as
formerly,
illumination certainly will be les¬
sened and. lavish expenditures for,
publicity will be cut.
But after,
we
are
at war, those things
arn't; essential, and taxes will be;
plenty high enough for necessary
things without paying for non-%
all
essentials.
-
County
>
interest
Special
School
Tax
arid
as
4s,
GEORGIA
Gas Tax Income Down $957,000
—State Revenue Commissioner J.
Forrester
has
announced
that'
gasoline tax collections for August
were
$957,000 under the amount
collected for the
same
at the .Town Treasurer's office.
Proviso
Township High School Dis¬
No. 209, Cook County, III.
trict
Bond Call—It is announced that
1941
totaled
Nos.
refunding
4% %
to
1
bonds,
25
said
the
$2,413,904.
in turn
the
collections
In
1942
it
$1,456,485. This fig¬
was
considerably off
July
collections
this year totaled
which
$1,739,600.
said
that
on
this
basis
the
State's income for the year would
reduced
approximately $10,-
be
•vPlans
Bond
planning
bond issue of $175,000
payment/for the power,
Issue—The
city
is
a
light and water systems recently
acquired from the Tri City Utili¬
by Stipp, Perry,
Starzinger of Des
&
Moines.
,
Council
Other
bonds
Moines4 National
month.
28.1%,/
[
the
with
Gasoline taxes
lr
improvement
For
1*4% Bonds 4^44
Bidder—
Price Bid
'
which
project
for
bond issue of $55,000 was
to be sold on Nov. 25.
a
scheduled
1941, has been abandoned for the
Paine, Webber, Jackson &
..V L
Frostburg, Md.
•
terest
LOUISIANA
'
—
The
,
.
Will Seek To Reduce Bond In¬
/
Bank
Considered
recently
MARYLAND
Co., according to report.
Trust
Issue
Council
considered
the matter of issuing $100,000 per¬
manent improvement bonds.
' '
■
Co., of -Des Moines, as
Ferriday, La.
1V4S, at 100.442,,a basis of about
t; Water Project Dropped—Mayor
1.15%, as reported in v. 156, p. ALB. Crothers
reported that the
1106, were also bid for as follows: water
1
Bond
City
ties Co., successors to the old Ken¬
tucky-Tennessee Light & Power
,
$50,000 sewer
Sept. 22 <.to ythe
awarded
lowa-Des
&
Bluffs, Iowa
Bids-r-The
100.44
Carleton D. Beh Co
duration
100.38
Curtis
:
Iberia
Mayor William H. Lema public meeting
Sept. 15 that an increase in
—
mert declared at
on
water rates
the
inevitable in view
was
fact that expenditures for
the
of
1942-1943
be
the
would
fiscal/year
about
to
$41,485.24, while income
system under the present
because
of
priorities.
rate schedule is
The Mayor
913.67.
the
Parish
largest
|||v|
Bank
improvement
bonds,
paying
a
price of 100.66 for $70,000 114s,
maturing ori Dec. 1 from 1943 to
1951
incl., and $170,000 1 %s, due
Dec.
Net
from
1
interest
Interest
1951
cost
of
1962
to
about
incl.
1.67%.
payable J-DL
Report of
the sale in v. 156, p. 1106—incor¬
rectly gave the amount of the is¬
sue
$230,000.
as
y
federal
Marion, Iowa
Bond Sale Details—It is
now re¬
from Nov.
.
.
and .after
1942, interest shall
011
and the addition
pension rolls.
to the old
said bonds.
now
like.we will have
only. $42,000,000
Thrasher
I
ordinance
an
issue
of $335,000
ing bonds.
authorizing
with
$54,000,0(X)
said.
which
to
an
judgment fund¬
;
Bonds Voted—At
5
the
issue of
an
voters
election
approved
on
an
$50,000 road improvement
;
:
tion
refunding
maturing
months,
and
$5,000
within
as
up
the
the
follows:
ques¬
bonds
next
few
$69,000
city
purchase
$200,000
and
fire
on
p.m.
and
1948
v.
1949.
Prin.
1,
im-
alarm
and
int.
(M-N) payable at the City Treas¬
urer's office, with New York ex¬
change.
The full faith and credit
of the city are pledged for the
of' the principal and in¬
bonds
own
The city will
printed and executed
expense as soon as prac¬
ticable after their award,
successful
$99,000
budget," ,provement, $200,000 fire alarm sys
provement,
Oct. 5, as previ¬
156, p. 1106, will
be dated Nov. 2, 1942, in $1,000
denoms. and mature Nov. 1, as fol¬
lows: $6,000 in 1943; $7,000 from
1944 to 1947 incl. and $8,000 in
City at its
equipment due Nov.
park
7.30
have
Refunding—The
recently took
of
to
ously noted in
terest of the bonds.
Gary, Ind.
Proposed
The
by H. J. Lammers, City Clerk, up
payment
C
INDIANA
—
which sealed bids will be received
Township (P. O. Melvin), III.
Sept.
Details
$50,000 2t4% refunding bonds for
; •
reported
that the Village Council has pass¬
ed
Offering
,
when
bidder
will
the
same
1941, it was announced
today by RufuS W. Fontenot, col¬
be
and the
notified
they shall be ready for de¬
that,L became
ago
several
evident
•
.is
continuing
pace,
at
an
as
advisers.
Total
for
gasoline
the
first
months
of
the
proving
Enclose
of
the
summer
months this year
bonds bid for.
'
■
11
re¬
a.m.
on'.
purchase at discount
dated Oct. 9,
April 9, 1943.
De¬
purchaser, but no.
note to be smaller than $5,000.?
$150,000
and
1942
noms.
notes,
due
suit
to
Note Sale—The issue of
$100,000
notes offered
of 0.24%.
rate
•,
„■
-
)
•
MICHIGAN
Proposed rationing of gasoline,
:
ington will be inaugurated short¬
ly,'will
revenues
will
severely
cut
also
from
this
affect
the
into
source,
returns
the
and
from
Dearborn Township, Mich»/
Tenders
Wanted
;
,
Township
Clerk Jay A. Patterson will re-,
ceive
sealed
—
tenders
of
interest
refunding certificates, dated Oct.
oil, levied
1, 1938, until Oct. 13, at 8 p. m.|
as it is taken from the wells. Just
(E.W.T.).
Offerings should state
what the decline may be, tax ex¬
certificate
and
series
numbers,
perts of: the .administration are
their par value and the amount
not yet prepared to estimate.
for which they will be sold to the
Natchitoches Parish School District township.
No. 7 (P. O. Natchitoches), La.
Detroit, Mich.
Bond Sale Details—The $25,000
the
severance
■school
Felix
bonds
M.
tax
on
recently sold to Mr.
Rives
of
Shreveport, as
234s, at 100.624, as reported in v.
156, p. 1002, are dated Oct. 1, 1942.
in $500 denoms., and mature Oct.
1, as follows: $1,000 in 1943, $1,1944 to 1951, and $2,000 in
500 in
Prin. and int. (A-O)
the purchaser the ap¬ urer of the School Board or at the
opinion of an attorney- Chase -National Bank, New York
certified check for 2% C i t v.
Legality
approved
by
the
of
will
Treasurer,
Oct. 6 for the
which it is announced from Wash¬
a
amount; of
County
ceive sealed bids until
of $590,113.28.
to
principal
Note Offering—Charles P. How¬
ard,
year,
1952 to* 1957.
furnish
'
Sept. 29 was award¬
beginning .July
L ed to the Waltham National Bank
were
$3,066,452.92, while for the of Waltham, at 0.075% discount.;
first two months of the fiscal year Due Nov. 2, 1942.
The National
beginning July 1, 1941, they were Rockland Bank of Boston was
$3,656,586.20, showing a decline second
high
bidder, naming a
fiscal
payable at the office of the Treas¬
will also
city
East,
Cambridge), Mass.
collections
fax
two
' 1
'Middlesex County (P. O.
tax, reported in July, were $251,882.56 less than for June, 1941, so
that the decline in gasoline taxes
urer's
The
rate of 0.50%.
a
■
livery. Delivery at the City Treas¬
office.
Boston, second high bidder, named
lector of revenue.'%
'/ June payments on the gasoline
for two
Newton, Iowa;
Bond
-
1,. 1945 to 1954 incl.
1,
to accrue
.
; Skokie, III.
hall
'
a
December
cease
for
in
anticipated
by the administration's financial
coupons.
| From
Council
operating budget
$54,000,000 includ¬
ing the recent, increase in teachers
present
of the State is
.lor
Chicago,
be presented in
month
accelerated
negotiable form and should have
attached thereto the December 1,
1942 and all subsequent interest
$4,000,000 in State income taxes
because
of
the
higher
taxes," Thrasher said.
"It^looks
of
than
250.92' less
months
\
refunding bonds sold
to
the.. White-Phillips
Co.
of
Davenport, as noted here last May,
were purchased at par, are dated
May 1, 1942, and mature $2,000
bonds must
"In addition to the reduced gas-,
oline tax we anticipate a reduction
"The
_
$20,000 3%
National
bonds.
000,000.
care
City Treasurer's office. Le¬
ported by the City Clerk that the
Wall
State Auditor Edmund Thrasher
pay
payable
presentation of said bonds to The
Plans Bond Issue—It is
he
amounted to
age
1941
same
compared
,r
Prin. and int.
finance
on
month last
year.V;
of
respectively,
r.
First
sinking fund,
Georgia (State of)
Jr.
showed declines of 25.8 and
»
Said
from
Oct.
(CWT) on
the petition
.
,
•
par.'
ure
a.m.
'
inch, dated July 1,
(P. O. Bartow), Fla. 1941, due June 1, 1961, have been
ialled for payment on Dec. 1, 1942.
Bonds Sold—The $12,500 school
district bonds for which no bids
Payment of the principal amount,
were
received
on
with
interest
accrued
May 14 last,: '.ogether
hereon up to and including De¬
have since been purchased by the
cember 1, 1942, will be made unon
County special tax school district
In
10
■
$25,000
M.
fort,-Ky.,-at
.
District No. 6
at
D. Beh Co. of Des Moines; as
will be held at his office in Frank¬
fees
by the State in August
1
Parks
Polk
$60,000
bonds to the Carle?
line taxes and motor vehicle
collected
j
,
1
people
accustomed, : but
essential
welfare
of
which
Lynn, State Local Finance Of¬
annourices that a hearing
/r /
Decline—Gaso¬
■
There will be, un¬
doubtedly,
of
R.
Taxes
computed at $27,explained that
expenditure
item,
Special School Dis¬
in 12 months.
Legal opinion
Shaw,
McDermott
trict No. 5 (P. O. New Iberia), La. would be the $18,182.50 on matur- ••
of Chapman & Cutler of ChiSparks
'
100.34f f; Bond Sale—The issue of $32,000 ing/bonds and4 interest require¬
cago.
4
Wheelock & Cummins-__2 100.30
He pointed out that the
school bonds offered Sept. ,3—v. ments.
180,000
% corporate warrants,
Pyper Co,;' Inc.i^rrr:_^^i:':100.28£ 156, pL 554 — was awarded to City Council hoped to have a bill
Dated May 1, 1942, and due in
Haisey, Stuart & Co.I____ 100,26
Scharff & Jones, and White, Hat- passed in the next session of the
13 to 20 months.
Legal opin¬
tier & Sanford, both of New Or¬ State Legislature permitting the
For 114% Bonds
ion of Chapman & Cutler of
refinance
outstanding
leans, jointly, as 2V4S, at a price city ■ to
& Chicago.
\
Stern Bros. & Co._^.___—_ 100.65.
of 100.104, a basis of about 2.249%. bonds at a reduced interest rate.
18,000
ll/z% library warrants. Vieth, Duncan & Wood___ 100.51
Dated Aug. 1, 1942 and due se¬ To do this, he added, the waterDated March
23, 1942, and Council' Bluffs
Savings
* rially on Aug. 1 from 1943 to 1962 department must be placed in a
due
in
13
to
17
months.
i
Bank
100.OIL
incl.
Second high bid of 100.003 better financial position than the
Legal opinion of Holland M.
ifor $10,000 214s and $22,000 2V4S, present audit showed.
|
For 1% % Bonds
Cassidy of Chicago.
was made by Kingsbury & Alvis.
30,000 1 y2 % poor relief warrants. Wachob-Bender Corp.-—100.30;
and Jac. P. Ducournau, in joint
MASSACHUSETTS
Dated March 23, 1942 and due
For 2% Bonds * ''-rv ■ :
account.
Bristol County (P. O.
Taunton),
in 13 months.
Legal opinion
First' National
Bank,,*■. V
Mass.
of Holland M. Cassidy of Chij"
Louisiana (State of) ;
Council Bluffs
.__-.100.00y
Note Sale—An issue of $35,000
August Gas Tax Collections De¬
;? cago.
■
'
cline V~ A; dispatch from Baton tuberculosis hospital maintenance'
35,000 lVz %
poor relief
war¬
*
Davenportr Iowa !
■ 4
rants.
Dated
May 1,
1942, i
rRouge on Sept. 14 reported in part notes was awarded Sept. 29 to the
; Correction—City Clerk reports
and due in 13 to 16 months.
First National Bank of Attleboro,*4
a>
that a syndicate headed by the as follows:
Dated Sept. ■
Gasoline tax collections in the at 0.48% discount.
Legal opinion of Chapman & White-Phillips Co. of Davenport, :
Cutler of Chicago.
• - * ' recently purchased ' an issue - of ;month of August," reported for 30, 1942 and due April 1, 2943.;
Principal and interest payable $240,000 sewer system and street July by the dealers, were $338,- The Rational Shawmut Bank of.
.
good financial position to carry
on.
Our own feeling is that debt
service requirements are going to
be met just as promptly this year
heretofore.
«
Maine (State of)
•:
r
-
in
as
>
;
•
Gasoline
.
paid th£.„ owner will lose
his jfroperty, there should be a
decided increase in collectability.
are
Cas-
100,000 iy2% corporate warrants.
Dated May 1,: 1942, and due
many
making determined tax
are
M.
opinion of Holland
sidy of Chicago.
taking
are
interest
more
with
ters
that
is
feature
generally,
citizens,
/ "v
8, to consider
declined to $598,183 from $806,186,
2V4s, at a price of 100.166, as noted of the "county for approval of the and motor vehicle fees amounted
here in June,- it is now reported refunding of the following
out¬ to
$47,148 and compared with $65,that the bonds are dated June I, standing issues: road and bridge
618.'1 v,
*
•. i
1942, jm the denomination of $1,000 5s; issue of July 1, 1925, and 4%&,
In the first eight months of the
and mature Dec. 1, as follows: $2,- issue of Jam 15, 1928.
year,
gasoline ' tax
collections
000 in 1943 to 1946, $3,000 in 1947
amounted to $3,552,951, a decrease
Morgan County (P. O. West /
to 1960 and $10,000 in 1961.., Op¬
of 16.5%, compared with $4,255,Liberty), Ky.
tional in inverse order: $5,000 due
Bonds Sold—An issue of $33,- 215 in the first eight months of
Dec. 1, 1961, optional Dec. 1, 1947,
Motor vehicle fees in the
995.75
funding bonds has been 1941.
$5,000 due Dec; 1, 1961, optional
sold to the County Board of Edu¬ same comparative periods declined
Dec.
1, 1948; bonds due Dec. 11, cation.
to $3,441,546 from $3,632,965.
*
1950 to 1960, optional Dec. 1, 1949,
and on any interest payment date / V':.:
'
Portland, Me.
■
Murray, Ky.
Camp & Co.
a
em¬
ation.
care
.
Bannister
$536,-
of Chicago, as
reported in v. 156, p. 1561, were
sold to the bankers at par plus
Van
likely to be considerably less than
last year.
of 'the
sale
revenue
anticipation warrants sold
in
the
year
to Enyart,
000 tax
sources,
able
water
v
Details—In>connecf ficer,
wtih :the
tion
at the
■
.
Warrants Described—The
from
revenue
Sale
Hearing—Harry
gality approved
III.
Cicero,
facing their
are
Corning, Iowa
Bond
considered an is¬
municipal airport thereafter.
much below normal.
The cities
Debt Refunding
..
fewer
tourists, gas and
tire rationing and war conditions
but
•'
IOWA
ton
•
severe,
from
ments
for school oper¬
also
and
poses
ations.
-
rationing has be¬
he has had to
gasoline
"
'
the
provide larger and larger supple¬
mented in many cases, operating
revenue
■
■
.
more
come
It supple¬
purposes.
'
level of
pre-war
$365,000 a month, Governor Talmadge had to transfer $133,315—
the largest amount yet—from the
State's
special emergency fund
the
for
the
at
to
payments
tax
counties
a
derived from
of revenue
amount
Dec.
on
,•
that there will
decrease in. the
in
problem
probably
faced with
are
KENTUCKY
$5,000 judgment; :all
1, 1942/'--^£V"i'X^^V.kv'3, Hickman County (P. O. Clinton),
'*•
-Ky.
and
system
maintain due
Maintained —To
enues
county taxes must not
exceed those levied last year. The
total
that
Monday, October 5*1942
Charles
Louis.
■
&
-Trauernicht.
of
Net income basis 2.42%.
St.
Bonds
Purchased
—
Charles G.
Oakman, City Controller, reports
that
$98,000 non-callable bonds
were
purchased
by
tender
on
Sept. 24, to yield 2.60%.
The
bonds were bought for the ac¬
count
of the city
sinking fund
commission, water board division.'
$100,000
of non-callable
city
bonds were purchased by tender
on
Sept. 28, on behalf of the
Policemen
ment
of
and
Firemen
Retire¬
System, at an average yield
2.586%.
-
'
:
' :
Volume
Hillsdale, Mich.
Mount Morris,
City Clerk Ralph
L. Hughes calls for payment on
Bond Sale—The issue of
coupon
Nov.
—
Mich.
-
i
.
$15,000
Price
Paid—The
Village
est, the following bonds:
exceed
Cabool, Mo.
water works system bonds
special election will oe
into
The bond house
of about 3.934%.
named
the
interest rate of 3%
an
$32,000 series 2 bonds, due on
Nov.
and
incl.,
1946
to
1943
1,
named various rates for the
000
for
$218,-
issue, as follows:
For'
T,
maturing Nov.
$13,000
1946, $5,000 in 1947, as
3s; $15,000 maturing $5,000 Nov.
1, 1948 to 1950, as 3V2s; and $190,000 maturing Nov.
1, $5,000 in
1951, $10,000 in 1952 and 1953
and $15,000 in 1954 to 1964, as 4s.
The
entire
$250,000
bonds are
dated Oct. 1, 1942.
$8,000 in
■
Bond Call
—
District Secretary
Raymond E. North announces that
certain numbered Series A and B,
of 1935 bonds, dated
Nov. 1,1935, maturing Nov. 1,1965
and T947; fespedtive^
any
interest payment date, are
called for payment on Nov. 1, at
par plus accrued interest, at the
Detroit Trust Co., Detroit.
Inter¬
est ceases on date called.
refunding
Macomb County (P. O. Mount
Clemens), Mich.
Bond Call—The County Board
of
Road Commissioners
calls for
Nov. 1, at the County
Treasurer's office, various county
payment
on
highway refunding bonds, county
portion,
township
portion and
district portion, aggregating $28,000, dated Oct. 1, 1939 and 1940,
and May 1, 1934. Interest coupons
must
accompany
these
bonds
when
presenting
for
same
pay¬
Charles
in
.
collected with the water
bills.
municipalities
affected
to
submit to their electors Nov. 3
question of
a
charter amendment
a
making it possible to
pay
the rev¬
sistance and aid to dependent
MISSISSIPPI
It will yet be necessary for sev¬
eral
Bonds Sold—The
County Board
serial
be
trict,
Mile-Halfway
Nine
and
the
to
evidence
must
their
.
..
bonds
last
Diana
the
Greenville
Brooks calls for payment on Nov.
their
to
name
the
rate
of interest.
interest (M-N 1)
payable in lawful money at the
County Treasurer's office.
Registerable as to principal only. These
bonds are issued in full compli¬
with
and
the
tees
for the Greenville-Lake Vil¬
funds
State
would
without
to
chil¬
means
sissippi River.
purposes
was
rendered in
a
check for
Clerk.
to
make
from
withdrawal
deposit
surrendering your
by
certificates of
deposit to the issuing depositary
accompanied by payment of the
shown
to
the
due
amount
committee
as
statement mailed
on; Aug.
3, The
earnestly hopes that
the
depositors
by
committee
depositor will withdraw his
securities
from
deposit
before
every
to
Oct. 27, 1942,
the failure of
bidder furnishing the lithographed
bonds
ready for execution and
an
and
headed' by. the North-1
a-group
Bank
National
Trust
&
Minneapolis; as reported in
v. 156, p. 36, mature on July 1, as
follows: $2,205.50 in 1943, and $7,000 from 1944 to 1957 incl.
Op¬
of
tional Jan.
1, 1950.
NEBRASKA
/■■••v-iv//, Alliance, Neb.
Proposed
/;//
is
Election—It
Bond
reported that the voters may
asked
the
Nov.
an
at
issue
authorize
finance
3
be
election
of
to
bonds
.the/purchase
to
land
of
bought by the city for a new air¬
field
glider base.
The purchase
was approximately $95,000,
of which $15,000 was paid by the
city from funds on hand.
The
balance was obtained through the
sale ' of 6% registered warrants.
Unless this rate can be reduced,
price
the City
Council is of the opinion
it would
that
be
business
better
practice to issue bonds to be re¬
tired
over
period of years.
a
Imperial, Neb.
Sale—The
Bond
re¬
Lincoln
Trust
Co. of Lincoln recently purchased
an
of
issue
$36,000 214% refund¬
ing bonds at a price of par. Dated
Sept. 1, 1942 and due Sept. 1, as
follows: $3,000 from 1943 to 1947
higher
incl.;
$5,000 from 1949 to 1951
$6,000 in 1952. Optional
These are the bonds
mentioned in v. 156, p. 1003.
incl. and
in five years.
voters
defeated
the
Plattsmouth School District,
Bond Issue
proposal
necessary
election
of St. Louis.
Dated
revenue
fered
by
Owen
&
"Sheridan
No. 3
1942,
Bond Election—An election will
President;
2411, were
1942, and mature in not
Nov.
1,
than 20 years.
Valentine, Neb.
of par.
Bond
Glasgow, Mont.
Bond
Offering—Martin
Clerk,
Miller,
Dropped
A.
F.
—
City Clerk, states that
$4,500 aviation field bonds
the
authorized at
will
(Reg. U. S. Patent Office) William B.. Dana Company, Publishers, 25 Spruce Street, New'York, BEekman
William D. Riggs, Business Manager. Published twice a week, [every Thursday (general news and advertising
Issue
Cumbow,
receive sealed
bids until 7.30 p.m. on Oct. 6 for
Sept. 1, 1942. the purchase of $4,826.97 not -to
City
the question of
more
pur¬
by the bankers at a price
chased
on
issuing $19,000 not to exceed 3%
interest funding bonds, to be dated
Brown,
Schlessman,
Co. of Denver, as re¬
page
County School District
(P.O. Hay Springs), Neb.
be held Oct. 13
ported in these columns on June
29,
June 9 will not be sold
Government grant.
expected
$41,000 4*4%
refunding bonds of¬
Chronicle
Financial
Seibert,
1942.
water
on
because of the cancellation of the
Paid—The
/ Price
bond
tion
Browning, Mont.,
t
that the $15,000 construissue approved at an
reports
approving
Aug. 10, for which no bids were of the Mississippi River, the ap¬
received.
proach to the structure is eight
//./
Neb.
Dropped—The Sec¬
retary of the Board of Education
The $4,000,000 bridge was built to issue $1,500,000 bonds to finance
opinion under authority of a 1938 Act of purchase by the city of the Seas
to the legality of said issue, Congress and title was vested in dalia Water Co/properties.
The
without charge.
It is lo¬ vote was 2,377 against and 887 for
Enclose a certi¬ the City of Greenville.
fied check for 2% of the amount cated eight miles south of Green¬ the proposal.
ville and is a part of United States
of the bonds bid for.
MONTANA
These are the bonds offered on Highway 82. On the Arkansas side
the
be dated Nov. 1,
N. Y.
Dana
Details—The $100,refunding bonds sold
Co. of
ing the amendment.
the
appeal would be taken.
but in the event of
miles long, and the bridge conMINNESOTA
depositors to act by
neects with U. S. Highways 82 and
Fairmont, Minn.
that date, the committee feels that
65.
Bonds were sold to match
Certificates Authorized — The
it must have complete liberty of
a
$2,000,000 Federal grant and
action with respect to the deposit¬ City Council recently passed on
tolls were levied to pay off the
ed securities.
Only $364,000 prin¬ final reading ordinances author¬ bonds.
;/:7/;""y' 7:';;7/;7, //-■'■ //'
cipal amount of bonds of these is¬ izing the issuance of $5,378.32 cer¬
sues remain
on
deposit; while a tificates -of indebtedness, as fol¬ Oktibbeha County Supervisors Dis¬
total
of
$1,416,000
principal lows: $3,708.74 street improve¬ trict No. 2 (P. O. Starkville), Miss.
Bond Legality Approved — An
amount have been
returned to ment, due on Nov. I from 1943 to
depositors. Any questions may be 1947 incl., and $1,669.58 street im¬ issue of $18,000 3/4% refunding
addressed to W. D. Bradford, sec¬ provement, also due from 1943 to bonds has been approved as to le¬
All of the certificates will gality by Charles & Trauernicht
retary, 115 Broadway, New York, 1947.
Commercial
(P. O. Helena), Mont.
western
.
William
j
1
.
effected
be
can
certified
"
205.50 4%%
obtain large sums of
revenue
a
Issue
Assembly
drastic
Enclose
•
1
Bond
by
from
pur¬
$250, payable to the City
*
■
;No.
of the State
and all the Acts County, Ark., to settle the ques¬
withdrawing their
SedaliaiMo.;
amendatory thereof and supple¬ tion of the bridge's taxability.
within 30 mental thereto.
Voters Reject Water Plant Pur¬
Proposals to be Lawyers for the State of Arkansas
days from Sept. 28, 1942.
Such conditioned
upon the
successful and for Chicot County announced chase—At an election on Sept. 22
objection
bonds
they will
Lewis and Clark Co. School District
on a suit filed by
Greenville
and
the
Commission and officials of Chicot
All bid¬
Sept. 21, page 1003.
the City taxes, according to a bulletin is¬
trustees
sued by the St. Louis Govern¬
provisions of Act against the Arkansas Corporation mental Research Institute, oppos¬
No. 316 of the Public Acts of 1923
serial
The above supersedes the report
which appeared in our issue of
hearing
of
or
delivery.
which
at
at private sale.
expenditures for other
or
additional
bonds
value with accrued in¬
par
monthly
pay
General
the
the
The
.
.
proposed biennial ap¬
have
ductions in
The decision
$326.97.
the
in
chase the bonds at par. The Coun¬
cil reserves the right to reject any.
appropriated out of State
for these purposes.
If the
Treasury were to remain
solvent,
be
amortization
interest
propriation of $58,000,000 for old
age
assistance and aid to
de¬
pendent children is more than
twice as much as the $24,500,000
which the General Assembly cur¬
lage, Ark., bridge across the Mis¬
"
of
that
except
will
terest to date of
•
rently
and
ders must state the lowest rate of
Bridge, a Mississippi River toll
1, at par and accrued interest, vil¬ bridge owned by the city and fi¬
The General Assembly shall ap¬
lage refunding bonds Nos. 64 and nanced by an issue of revenue
propriate out of the general fund
63.
Dated Oct. 1, 1941.
Due May bonds.
It is understood that the sufficient
money to defray the ad¬
1,: 1969.
Bonds should be present¬
county in which the Arkansas end ministration costs.
The General
ed to the National Bank of De¬ of the
bridge is situated levied Assembly shall enact appropriate
troit, Detroit, for payment.
on tax on the structure and it is
legislation for the carrying out of
"^ev^ the provisions of this amendment.
Wayne County (P. O. Detroit),7 a$sumed7thp;
invalidated by the district court.
Mich.
That
the adoption
of this
In
connection with the above amendment would
Bond Offering — George A.
seriously affect
a
dispatch from Little State finances is evident from the
Dingman, County Drain Commis¬ report,
Principal
paid,
are
grants for the aid of the dependent
children of the State of Missouri.
fact that the
$326.97, the
1,
be redeemable in five years,
and will be sold for not less than
Proposition
the ballot, reads as fol¬
that7the7 United States ' District hood and are
Court, Ark., has ruled that Arkan¬ support,
and
cannot /tax
If
Sold
will
?
sas
Nov.
instalment
whether
,
Bond Call—Village Clerk
of
amount
on
amount
<
Orchard Lake, Mich.
and
1943, and a
like amount on the same day each
year
thereafter until
all
such
amendment',
proposed
on
of issue/
issued
are
of $500 will become due
payable
—
ance
objecting
Depositors
amendment
.5
the
in
sum
which is to appear as
No.
period of ten
a
the date
bonds
at the
they will be in the amount of $500,
except the last bond which will
'
Supervisors recently sold an lows:'
enue bonds in this manner.
Most
Section 46a
There shall an*
aggregate of $127,000 refunding
of the municipalities and
units bonds, consisting of the following nually stand appropriated out of
interested have already approved
any money in the general revenue
issues: $37,000 3% District No.
the plan.
V
$5,000 3% District No. 2, $10,000 of the State of Missouri, the sum
The sewer would be beneficial
3%
District No. 3, $15,000 3% of $29,000,000 to pay a monthly
to areas in Royal Oak, Troy and
District No. "4, $43,000 3% District grant to persons over 65 years of
Southfield townships and provide
age who have dontihuously for a
r^,;5T:^nd.^l7$QyO.,i2J&%7
a
sewer
outlet
for Royal Oak,
period 6f five years, prior to mak¬
bonds.
:
'
Ferndale, Pleasant Ridge, Hunt¬
ing' application foresaid grants,
Greenville, Miss.
ington Woods, Berkeley, Clawbeen domiciled residents of the
Bridge Exempt From Arkansas State of
son and Hazel Park.
Much of this
Missouri, and who are in?
Taxation-r-Unofficial reports state
area is now poorly served.
5
capacitated from earning a liveli?
der
Drain District.
,
of
sioner, will receive sealed bids un¬ Rock noted as follows: ;
til 11:30 a. m. (E.W.T.) on Oct. 15
Holding that the State of Arkan¬
Michigan Storm Sewer Drain Dis- for the
purchase of $47,500 Dear¬ sas or any of its political suptricts, Mich%
born Township (Lukaszewicz Tile) divisions do not have the authority
Deposit Agreement Amended—
coupon
drainage bonds.
Dated to tax public property for public
The Bondholders' Committee for
Nov, 1, 1942.
Denominations $1,- use, Judge Thomas Trimble, of
Storm Sewer Drain Districts in
000 and $500.
Due May 1, as fol¬ the United States District Court,
Michigan has adopted an amendr lows:
September
24, / awarded
a
$4,000 in 1944 to 1948, $5,000 on
ment
to
its' deposit
agreement, in 1949 and
1950, $5,500 in 1951 declaratory judgment for the City
dated Nov. 1, 1932, in the nature
and 1952 and $6,500 in 1953.
Bid¬ of Greenville, Miss., and the trus¬
of a modification thereof with re¬
Village Drain District, Centerline
Relief
Drain
District,
Martin
Drain and Branches Drain Dis¬
The
the Council
as
and all bids and to sell the bonds
dren payments.
Copiah County (P. O. Hazelhurst),
■7/::,7/77777'
Miss.
■
7-77
sold and
are
upon
during
from
years
St.
of
determine
stalments
with
ment and vice versa.;
spect to the bonds of Bloomfield
Trauernicht
&
be
time
sale, both principal and interest
be payable in semi-annual in¬
of
to
southern
Oakland voters at the Nov. 3 election. ; [ '
Louis.
\ - :
the /Detroit sewer
Montevideo, Minn.
>.'
system. '•
7
Missouri (State of)
7 Maturity—The City Clerk now
The grant is made with the un¬
reports that the $24,000 street im¬
Old Age Pension Plan Up For
derstanding revenue bonds in the provement bonds sold to Park- Vote—There is to be submitted to
amount of $878,000 will be sold to
Shaughnessy & Co. of St. Paul, as the voters of Missouri at the elec¬
defray the rest of the estimated iy4s, at 100.229, as noted here in tion in November a constitutional
cost.
These bonds would be re¬
mendment to set aside $29,000,June, are due on June 1 as fol¬
tired by payments to be made by lows:
$4,000 in 1944 and 1945, and 000
annually, or $58,000,000
a
the users of the sewers and would
$8,000 in 1946 and 1947, giving a biennium, out of the State Gen¬
be taxed through an extra charge basis of about 1.19%.
'
\
eral Revenue Fund for old age as¬
County
first
will
of the Council.
choice
several bonds
may
—
systems
the
issued the entire issue may be put
into one single bond or divided
.
156, p. 1107—were awarded to
Miller, Kenower & Co., Detroit,
the only bidders,
at a price of
100.086, a net interest cost basis
be
bonds
If amortization bonds
100,
v.
will
serial
the second
determine whether
light, 2%, Nos. 71 to
citizens want to issue $50,000 in
aggregating $30,000, part of Aug. 1, 1942 and due serially on chased as 2s, at a price of 100.656.
bends to finance acquisition of a
an issue of $100,000.
Dated May Aug. 1 from 1944 to 1951 incl.; Interest payable M-N.
municipal light and power plant.
1,1938. Due $10,000 May 1, 1946 callable on or after Aug. 1, 1944.
Recently voters failed to ap¬
Hopkins, Minn.
to 1948.
Oakland County (P. O. Pontiac),
prove the bonds/voting about 50%
Electric light, Vfa%, Nos. 110 to
{ Certificate Offering—J. Russell
each for
and
::777;//7/;; Mich.
against
A twoCarroll, Village Clerk, will receive
130, aggregating $21,000, part of
Proposed Revenue Bond Financ¬
thirds vote for the bonds is nec¬
sealed bids until 8 p.m. on Oct. 6
an issue of $30,000.
Dated Aug. 1,
ing—County Drain Commissioner
essary for their approval.
•
7
for the purchase of $1,747.15 6%
1939.
Due $3,000 May 1, 1943 to
Earl S. Clark was recently ad¬
certificates of indebtedness, ma¬
/•'*' Florissant, Mo.
1949.,;
vised by Lawrence A. Gillett of
turing $349.43 annually on Nov. 1
/-» Bonds should be presented for
-Bond Sale—An issue of $5,000
Chicago, regional director for the from 1943' to 1947 incl.
payment at the Hillsdale Savings Federal Works
2/4%
water
works
extension
Agency, defense
Bank, Hillsdale.
bonds has been sold to the Missis¬
public works division, of the allo¬ 7;''.>77 'V Mankato, Minn.
Bond
Election
An
issue of sippi Valley Trust Co. Of St. Louis,
Lincoln Park School District, Mich. cation of a grant of $609,000 to¬
Bond Sale — The $250,000 re¬
ward construction of a large in¬ $150,000
a i r p o r t
construction at a price of 100.09. Dated Sept.
Legality approved by
funding bonds offered Sept. 28— terceptor sewer to connect sewer bonds will be considered by the 1,1942.
Electric
bonds
and
choice
held Oct. 20, to
refunding
1, 1942. Amor¬
Dated Nov.
tization
On Power Plant Bond
To Vote
Issue—A
interest
6%
bonds.
Clerk
now states that the $10,000 storm
156, p. 1107— sewer bonds sold to Piper, Jafwas
awarded to Crouse, Bennett, fray & Hopwood of Minneapolis,
Smith & Co. of Detroit.
Dated as noted here last
May, were pur¬
1, at par and accrued inter¬
1195
MISSOURI
Fosston, Minn.,
offered Sept. 30—v.
Bond Call
;
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4113
156
30
last
an
will not
terest in the
election
on
be issued
June
in¬
as
project has waned.
3-3341. Herbert D. Seibert, Editor and Publisher:
issue) with a statistical issue on Mondayj. otner
Representative, Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1942 by William
B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States a„ss;^*°ns»
$26.00 per year; in Dominion of Canada, $27.50 per year.
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Austra.1^
and Africa, 131.00 per year.
NOTE; On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New xoik lunas.
offices:
Chicago—In 'charge of Fred H. Gray, Western
■7
■
•
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'
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.
"
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.
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s;'-A-'-.y..
■
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•
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l
'5'i1
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Election
Bond
$40,000 "■
bonds
voters at the
considered by the
November 3 election.
».
Bond Sale—The $42,000 coupon
registered improvement bonds
Sept. 29;—v. 156, p. 1003—
or
awarded to H. B. Boland &
Co.
V.,-"
NEW
JERSEY
of New York, as 2%s, at a
price of 100.256, a basis of about
//j'//
■
Camden, N. J.
or
at the
principal office
York
City.
:
■
::. :-(J
■•;/ -/;•:• 'K.
coupons
interest
H > : Sept. 30, 1942, to Joe
R.; Hariley,
200,000 Temporary President of the New
120,000 York State/Senate, in which he
&/
k
Co., New Yorkik /
•; / Kings County Trust Co._,
mature
ing subsequent to Nov. 1, 1942. : ,.
Bonds registered as to principal
and
a n
Trust
Commercial
Coupon bonds surrendered must
have attached all
-■Monday, October 5, 1942
Continental"- B
of the
Marine' Midland Trust Co. of New
offered
were
Bank
•
New York
Empire
.
N
t i
a
o
Trust
&
nal
Co.,/. *■'
__:
Trust
Co.,
New
/
80,000
Reconverted—The Cam-
Sept,
of
clem ''Courier-Post"
had the following to say:
Camden
iThe
v v
25
i;:
Commission
City
to
York
principal
80,000
2,70%. Dated Oct. 1, 1942 and due
r•
on
Oct. 1 from'1943 to 1952 incl. only must be in satisfactory form Title Guarantee d Trust ;
Co., New York
^
80,000
Other bids: J. R. Ross & Co., 3s, or accompanied by proper instru¬
ments for transfer.
Interest on
100.159; B.. I. Van Ingen & Co.,
New York (State of)
and Dolphin & Co., jointly, 3.20s, coupon bonds will be paid only
Gasoline Tax Income Down $2,on presentation
and surrender of
100.30.
/feVfe/i/fefe'fe
000,000—In spite of violent fluc¬
the coupons for such interest. ;. j
-V
tuation in individual levies, total
/fefefe ; Moonachie, Ni /. fefeCfe
Cortlandt (F. O. Croton-On-Hud'
colleections from all taxes admin¬
Refunding • Considered — The
v, son), N. r::: istered
by the State Department of
State
Funding
Commission
on
Note Sale—The issue of $110,000 Taxation and; Finance
remained
Sept. 21 discussed a refunding tax lien notes
offered Sept. 29-L constant'
during August; compared
plan proposed by the borough, fe v.
156, p. 1108—was awarded to to a year ago, according to a
'•
authorized
afternoon
yesterday
the reconversion of
$443,000 worth
ofrbonds to coupon
bearing secur-
ities^^;':^.
•The bonds
have been acquired
bVlf! B. Boland & Company, New
•
.
■
or
as
,
Bonds
.
*
the First National Bank of CrotonOcean City, N. J.
York,: from the School Employes'
monthly report issued Sept. 16 by
Retirement: System, which is the
Bonds Authorized —.The
City On-Hudson, at 0.80% interest rate. Carroll E. Mealey, President of
Dated Oct. 1, 1942 and due June
state teachers' pension fund. Sid¬ Commission
'recently • passed on
the State Tax Commission.: / % //
ney P. McCord, City Controller, final
reading an ordinance pro¬ 1, 1943. : Other bids: Hornblower
The
net
collections from
ail
explained the coupons on the viding for an issue of $18,000 jetty & Weeks, 0.95%; Hemphill, Noyes
sources
in. August
aggregated
& Co., 1.10%.
present bonds have all been de¬ construction bonds'.
',
about $22,500,000.
While this was
tached arid/cashed and the brok¬
Eastchester Town Fjlre District
an
increase
of $2,250,000,
com¬
Ridgefield, N. ,/fe ./../ feW.
erage firm is' asking the city at
(P. O. Tuckahoe), N. Y.
Bonds Sold—An issue of $3,500
pared to August, 1941, receipts,
no cost to convert them into cou¬
Bonds Not Sold—The one bid Commissioiner Mealey pointed out
3% sanitary sewer system bonds
pon bonds. '
' /'*■': "*■','///
for • the
was
sold to the Police /.; Pension received
$17,000
land that the bulk of this gain was due
The bonds'are of $1000 denom¬
Fund Commission, at par, and ma¬ acquisition bonds offered on Sept. simply to an earlier deposit of
inations, each bearing 4% yearly tures
30 was rejected!
The. bid Was a bank tax receipts than last year
$500 ' annually On Sept:; 16
interest.
They are divided into
and that actually the total August
from 1943 to 1949 incl.'/
r
ir price of 100.115 for 1.80s and was
three issues,
$108,000 in school
submitted by Newburger, Loeb & revenue was very nearly compar¬
South Amboy, N, J. fe/fefe /
bonds, $172,000 refunding bonds
Co. of New York.
able to that of a year ago.
and $166,000 for public improve¬ ; Bond Sale Details-feThe $10,000
The bonds are dated Oct. 15,
Biggest individual decline of
ments and schools.
2%% water supply bonds pur¬
1942, in coupon or registered form, the
month, as had been expected,
chased by the South. Amboy Trust
and
mature Oct./ 15, as follows:
Carlstadt, N. /. 1
occurred in the motor fuel tax
Co., South Amboy, at par, as re¬ $2,000 from 1943 to 1949 incl. and
column.
Taxable
Refunding
Approved
—
The ported in v. 156,
gasoline sales
p. 1108, are dated $1,000 from 1950 to 1952 incl. Prin.
are
State
running about one-third less
Funding Commission has Oct. 1, 1942 and mature $2,000 on
and
int.
(A-O) payable at the than a
year ago and the August
approved the
proposal
of the Oct. 1 from 1943 to 1947 incl.
First National Bank & Trust Co.,
motor
above-mentioned municipality to
fuel tax'take was down
Tuckahoe, with New York ex¬ more than
Verona, N. J.
refund $171,000 of outstanding in¬ fe-fe/fefefe.
$2,000,000. Motor ve¬
Legality
approved > by hicle
Maturities Extended
Borough change.
debtedness.
fees (registrations, licenses)
fe
'.■t->■'■■
"-V fev'.-fe
V; :'fe.fefe ..-.V
Cquncil on Sept. 25 passed on final Dillon, Vandewater & Moore of were down
$260,000.
The total
East Orange* N* J, ;
readings a bond/ refunding-, ordi¬ New.. York
number of 1942 registrations,: as
fe Bond Sale—The $69,000 st. impt. nance effecting maturities after
Bonds Re-Offered
The above of
July 31, was 237,788 less than
No. 2 bonds offered Sept. 28—v, 1943.
The plan will permit the bonds
are- being
re-offered for a year ago,
passenger vehicle reg¬
•
156, p. 1003—were awarded to J. borough to extend an average of sale on Oct. 21. '
istrations accounting for most of
B. Hanauer & Co. of Newark, as $17,000 of bonds maturing in 1944
the decline.
/
Middletown, N. Y.■ j
1.30s, at a price of 100.04, a basis through 1948 to future years when
Bond Offering—Pf. E. Benedict,
Corporate franchise taxes, meas¬
of about 1.291%.
Dated Sept. 1, the present schedule of maturities
City Clerk; will receive sealed ured by net income, continued to
1942 and due Sept. 1, as follows: is much lighter: fe
-fe . *-*/'•
•;
bids until 2 p.m. (EWT) on Oct.Y gain strongly, helping to balance
$8,000 from 1943 to 1947 incl.;
These
for the purchase of $15,000 not to losses under other levies.
$9,000 from 1948 to 1950 incl. and
Mexico
exceed, 6% interest, coupon home collections (under Article 9A of
v
$2,000 in 1951.' Second high bid
Santa Fe, N. Mex.'
relief bonds:-..' Dated Oct. 1, 1942. the tax law) were more than a
of 100.099 for 1.40s was made by /'■•
Proposed Financing—Lawrence
Due $5,000 on Oct. 1 from 1943 to million dollars* ahead of August,
J. R. Williston/& Co. and New- A;
Tamme/City Clerk-Treasuref, 1945 incl./■> Interest A-O.. Bidder
1941,: receipts.' ' C'?*}:'}'.-VV;'•;//'' /' ■ ■/
burger, Loeb & Co.,1 in joint ac¬ reports '■ that the First National
to name a single rate of interest
Alcoholic
beverage taxes re¬
count '
:fefe/j /fefefe/f
/; Bank of Sante- Fe has agreed to for all of the
bonds, expressed in corded an increase of nearly $!,purchase $10,000 refunding bonds a
feGarfield, N. J.
•••
multiple of *4 or l/10th of 1%. 900,000 in" August, but this was
and $12,000 new sewage disposal
A certified check' for $300 is re¬ not due- to any
h Additional Details—In connec¬
startling increase
plant bonds.
The $10,000 issue
tion with the report in v.
quired.
Legal opinion of Dillon, in * consumption.
Commissioner
156, p. will refund an
equal amount of Vandewater & Moore of New York
1107—of the public offering by J.
Mealey explained that the in¬
outstanding sewage disposal 4s.
City will be furnished the success¬ crease reflected stocking up by
B. Hanauer & Co. of Newark, of
ful bidder.
dealers in anticipation of the ef¬
j
395,000 4% refunding bonds, dated
NEW YORK
fective date of a State minimum
Sept. 1, 1940, due Sept.* 1 from
New York, N, Y.
'
1950 to 1957 incl., we learn that :Ci Auburn, N.' YY'"' ' '
Revenue Bills Sold—Comptrol¬ price law, which was superseded
/Bond Offering—E. H. Blumrick,
B. J4 Van Ingen & Co.,
Inc., New
ler D. McGoldrick sold Sept. 24 by OPA price controls.
City -Comptroller,
will
receive
Increased collections were also
York, Commerce Union Bank of
.
,
.
-
■
v
rules
that
the
Legislature * may
constitutionally appropriate funds
to
repair
.
.
,
,
.
llSS'/WEw
'
'
:•
•
,
'
"
....
sealed
bids
until
11
,
by allotment to 24 banks and trust
(EWT)
purchase of
re¬
damages to the' school 7
buildings and equipment of the
Portville
Union
Free
School
Dis¬
trict, in Cattaraugus County-, and
school properties: in the surround¬
ing districts, caused by the recent
disastrous flood in that vicinity;
Niagara Falls, N. Y>
;;
i
,
%. Certificates
Awarded—The isr
$200,000 certificates of in- /
of
sue
debtedness
156,
offered. Sept.; 28—v.
1108—was awarded to the
p.-
Manufacurers
; &
Traders
Trust
Co. of Buffalo, at 0.90% ineterest,
plus
premium of $21.50.
a
Dated
Oct. 1, 1942 and due Dec. 1, 1943.
The Power
City Trust Co. of Ni¬
Falls, / second
agara
named
rate of
a
mium of $8.
high bidder,
1%; plus
/
'
-
a
pre¬
•/•;•/
Nyack, N. Y.
Sale
Bond
/
v
s
Details-r-The $5,000
3% street improvement bonds
cently
re¬
purchased
by the Nyack
Bank & Trust Co., at par, as rer
ported ih v. 156, p. 1108—mature
$1,000 annually on Sept. 1 from
;
1943 to 1947 incl;
wy'
-
-
*
Plattsburg, N. Y.
Bond Issuance Authorized—The
City
Council
recently
approved
issuance of the $60,000
municipal
airport
an
construction
authorized
were
election
—
—
contribute to the
or
pair /of
.
••
•
*,
U'l-f
Long Branch, N.
;fe'';!
of
improvement
airport
will be
issue
An
—
I
,
,
THE COMMERCIAL & FINANCIAL CHRONICLE
11%
■
v
on
Port
bonds,
that
by the voters at
Nov.
10, 1941.
Chester, N. Y.
?/
Bond Sale—The
$49,000 local im¬
provement arid public works bonds"
offered on Sept. 30 and described
in detail in v. 156, p. 1108, were
awarded to the Marine Trust Co.,
Buffalo,
as
1.20s, at 100.098,
a
basis
of about 1.15%. Dated Oct. 1, 1942;
due on Oct. 1 from 1943 to 1946
incl.
*
k
Schenectady, N. Y.
/
Bonds
Authorized
/
The
City
approved
is-t/
$363,00 refunding bonds,
previously
sanctioned, by
the
Council
recently
of
suance
State
—
Comptroller.
Y:
/
:
Syracuse, N. Y.
Plans Lower Budget—The 1943
•
budget recently submitted to the
Common
Council
calls
for
a
tak
of / $10,053,192^
compared
$10,115,514 this year.
With
levy
with
assessed
remain
valuations
expected ;to
substantially the same, a?
for 1942,
.
the $62,322 reduction in
1943 will reduce
the tax levy for
the tax rate about 18 cents, or
the
unincorporated approximately $29.12 instead of
the Newark firm in the
business tax, the milk publicity $29.30 per $1,000 of assessed valu¬
ation.
The total appropriations
of the bonds.
tax, the racing admissions tax and
of $14,160,423 represent a reduc¬
0.55%. Allotment was in approxi¬ the pari-mutuel tax.
;U ;
lrvington, N. J.
tion of $231,250. ' In making the
$125,000 refunding bonds.
Due mate accordance
Declines were registered under
with
Clearing
Proposed Bond Issue—The Town
Oct. 1, as follows: $10,000 in
tax levy 1% is added to the bud¬
House figures of the banking in¬ such items as the transfer and es¬
>
Commission
recently passed on
get
pursuant
to
law.
1943; $20,000 in 1944 and 1945; stitutions.
/Mayor
tate tax, the utilities tax, mortgage
•'/; '
first reading an ordinance to is¬
Thomas E. Kennedy said that the
$30,000 in 1946 and $45,000 in
The bills were' allotted as fol¬ tax, stock transfer tax, filling sta¬
sue
1947.
$43,000
municipal building
tion license fees, personal income city's bonded debt will-be $28,..'yv- lows:
"' ?
■'
?:p
';
bonds.
/7 //; //11^'
"■ :•.
36,000 home relief bonds.
Due
456,805 at the end of 1942.
/ •/;.•-/
tax and cigarette tax.
fefefe' i fe •/.■'.
fe.- :?■ "»,.V
vfe.feY/fefefei. fe/fe
Vfefe- -v--'"
Purchaser
Amount
Oct/1, as follows: $3,000 from
Insures Properties F6r $260,000,Livingston Township, N. J.
- t
Utica, N.Y.
National
Bank,
1943 to 1946 incl. and $4,000 Chase
000—The "Journal of Commerce"
Water Board Invests $257,000 In
Seeks To Purchase Own Bonds
New York
___$7,314,000
from 1947 to 1952 incl.
of Sept. 24 reported that the State
f ederal Bonds L- The Board of
National City Bank, New
—Negotiations by township of¬
All of the bonds will be dated
of New York has taken war dam¬
Water Commissioners has voted
ficials for purchase of
York
township
5,780,000
Oct. 1, 1942.
bonds held by the State Teachers'
age insurance on properties of an to invest $257,000 of reserve funds
Guaranty Trust Co., New
in
Pension and Annuity Fund with
government bonds after re¬
York
Buffalo Municipal Housing
1
5,290,000 aggregate value of approximately
the unused balance of an
$260,000,000 and the premium for ceiving approval of such a pro¬
Bankers Trust Co., New
$85,000
V
Authority, N. Y.
all insurance placed is $207,558 for
sewer bond issue are now in
Bond Call
York
posal from Bartle Gorman, corp¬
Chairman of the
prog¬
3,234,000
the first year.
> <
'»
O1.?
Action to insure oration counsel.
ress, according to local news re¬ Authority J. Eugene McMahon ari- Central Hanover Bank &
Action taken also provided that
ports. Town Attorney Grosso told nounces that the housing authority
Trust Co., New York„> 3,000,000 State-owned properties was voted
the township committee on
by the New York State War Coun¬ not later than Nov. 1 each year,
National
Sep¬ has elected to redeem on Nov. 1, First
Bank,
cil on July 22 following a report beginning in 1943, interest from
tember 21st there will be more
New York
1942, all of its bonds (First Issue),
2,022,000
than $81,000 available for this pur¬ Series
of a special committee appointed such bonds, shall be re-invested in
A, maturing Nov. 1, 1943 to Irving Trust Co., New
Nashville, and Katz & O'Brien of
Cincinnati
a.m.
companies in the city
a new issue
$40,000,000 revenue bills, dated
$161,000 not to exceed 6% interest
purchase
coupon or registered bonds, as fol¬ Sept. 25 and due Nov. 4, 1942. The
bills carry interest at a rate of
lows:
associated
were
Oct.
on
with
16
for
the
of
recorded under Article 9 corpora¬
tion
taxes,
.
>
.
•
.
i
,,
.
v
,
t
.
—
The
pose.
ized
bonds, author¬
and the
sewer
last year, were sold
money put in the bank.
000
was
to
have
been
The $85,the
town¬
York
2^ 2,000,000
1959, issued and outstanding un¬
der the resolution of said Author¬
Manufacturers Trust
ity, adopted April 15, 1940, and
accordingly on November 1 there
Bank
New
Co.,
York
1,720,000
to determine the vulnerable prop¬
Through the
action of the New York State War
erties of
Council
of The Manhattan V;
the
State.
more
than
70%
of
all
1,560,000 property is insured against bomb¬
ing, including fireproof and non1,560,000 fireproof buildings, two Niagara
frontier bridges and portions of
1,520,000
the State canal system.
This in¬
surance
was
placed through the
1,120,000
War Damage Corporation.
1,120,000
Insurance
against sabotage of
Bank of New York
480,000
the State canal system was placed
Brooklyn Trust Co
440,000
with private insurance companies
Public National Bank &
since the War Damage Corpora¬
Trust Co., New York..
400,000
tion does not insure against this
United States Trust Co.,
risk.
New York
320,000
Fifth Avenue Bank, New
Ruling Validates Financial Aid
ship's share of a WPA project to will become and be due and pay¬
Co., New York___.'_^^
enlarge the system, but the WPA able on said bonds, the principal Chemical Bank & Trust
abandoned it.
The teachers' fund thereof and accrued interest there¬
Co., New York
has more than $200,000 of town¬ on to date
called, together with J. P. Morgan & Co., Inc.
ship securities. The plan is to buy a redemption premium of 3% of Corn
Exchange
Bank
as
many as
possible and cancel said principal amount, and from
Trust Co., New York.
them to reduce Livingston's debt. and after
redemption date interest New York Trust Co.____
Finance Chairman Dahl said that
while
he
would
like
to
use
on
the
said bonds
ceases.
The full
amount (including re¬
purchase demption premium and interest
bf the municipality's bonds would to Nov.
1, 1942) so payable with
be a better plan. Purchase of War respect to each bond and coupon
Bonds
would
not
reduce
the appertaining thereto will be
paid
money
for War Bonds,
amount of interest
and
amortiza¬
tion to be paid on the sewer issue
for the next ten years.
The issue
carried
1.6%
interest.
to
the
holder
upon
thereof at any time
surrender
...
York
prior to Nov.
Midland
1, 1942, at the principal office of Marine
the Marine Trust Co. of Buffalo,
Co., New York
280,000
.....
Trust
To
School
Districts
—
Attorney-
General John J. Bennett, Jr.,
280,000
given
an
opinion
under
has
such bonds.
,
bonds
Ail
purchased are to be
registered bonds issued in the
name of the City of Utica, Board
of
Water
Supply, Bond and In¬
Account, Reserve C and
terest
shall
the
be
transferable
joint
controller
signature
and
only
of
upon
the
city
duly authorized
signer for the Board of Water
Supply.
The selection of type of
government bond to be purchased
a
will be
based upon consideration
yield, marketability and maturity.
of
The
water
board
serving funds
as
has
been
re¬
prescribed by the
ordinance which provided for the
purchase of the system and
ment of the
date of ber,
1938.
pay¬
bonds, since Novem¬
It
provided
that
in
•
Volume" 156
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
2%s, and $28,000. maturing April Fund has purchased $60,000 water
refunding
bonds, ■ dated
1, 1959, as 2j/2s; for-$6,000-school wprks
standing: bonds and the annual re¬ bonds—$3,000. due in 1958; as 2%s, Aug. ,1, 1942. and due $15,000 an¬
tirements, a reserve should be set and $3,000 due in 1959 as 2Y2S. All nually from 1948 to 1951* incl./
up
of approximately $71,000 a of the bonds are dated Oct. 1, 1942. also $2,000 street improvement
bonds..;";/
year until there should be a min¬
NORTH DAKOTA
imum of the sum required for the
Euclid, Ohio
retirement and principal and in¬
Bond Sale-^-The $426,000 coupon
Meleby Special School District
terest r payments on • outstanding
! No. 15 (P. O. McHenry), N.Dspecial -.
assessment - refunding
bonds-for the next two successive
Bonds Not Sold—The issue of bonds offered Sept; 28—v. 156, p.
year? and that such reserve there¬ $10,000 not to exceed 4% interest 1005—were awarded to Otis & Co.
after) be. maintained at .this level school bonds offered Sept. 28— of Cleveland, and Associates, as
until- all terms of the bonds ordi¬ v. 156, p. 1004—was not sold as 2%s, at a price of 100.68, a basis
nance have* been. complied with.
of about 2.676%.
the bids were
Dated Sept. %•
^ejected. / ■; ; .;;;
1942 and due serially on Oct. 1
Under; such
terms,
approxi¬
OHIO
from 1948 to 1956 incl..
mately $6,000 a month will be paid
Second
into that fund until approximately
high bid of 10.Q.64 for 234s was
f
Ashtabula, Ohio .//
Mar. 1, 1949, when it is expected
made by a group headed by McMahoning Valley Bonds Sold—
the reserve will reach the mini¬
Fahey, Clark & Co. of Cleveland Donald-Coolidge & Co. of Cleyemum
requirement of $715,522.50 purchased the $118,000 4y4 % Ma- land.
which remains in the reserve un¬
In. addition to Otis & Co., the
honing "Valley Sanitary District
til approximately 1971, when all
bonds offered at' private sale by successful, syndicate included- the
bonds can be retired. /
':
Fox, Reuseh & Co.,
the city sinking fund, on Sept. 25 following:
Pohl & Co., Seasongood & Mayer/
-4-v. 156, p. 908—paying a price of
Yonkers,N. Y. '
all of Cincinnati; C. F. Childs &c
109.70 for the securities, accord¬
Note Sale-r-William A Schubert,
Co., Chicago, and Weil, Roth &
ing to J. H. Shaw, City Auditor.
City -Comptroller, reports the sale
') The bonds are dated May 1, Irving Co.j Cincinnati.
of $600,000 tax notes to the First
•:
Garfield Heights, Ohio ■■
National Bank of Boston, at 0.75% 1928, and ^mature Nov. 1, 1945:
Principal and interest (M-N) pay¬ / Tenders Wanted—Thomas. Mulinterest.
• Dated
Sept. 28, 1942
able at the State Treasurer's of * qahy, City Audiitor, will receive
and' due March 29, 1943. ■ : ]' (
lice. Legality approved by Squire, sealed tenders of
refunding bonds,
Sanders & Dempsey of Cleveland. <jl ateel Jan. 1/1939, until noon on
NORTH CAROLINA^
\ i • ■;
addition td providing for the an¬
nual payment of.interest.!on out¬
.
.
'
.
,
Buncombe'. County
(P., O.
-iv:. c;
'; 5- ";■
|
Ashe-
Beachwood, Ohio \
! Tenders Waniedr-Village Clerk
^
1197
Ayres blamedthe "catching up"
reducijioh in pay¬
ment,of,,delinquent taxes for the
city's inability to meet i^s bprid?,
in 1956 to 1958,,$1,000 in 1959, $1,500 in 1960 to 1962, and .$1,000 in
'
ferent irate of interest in multiples
r
and consequent
/.
when due this year.*
V
/
.
1952 to 1954, $1,000 in 1955,
1963,
Bidders
r
may
$1,500
name
dif-i
a
he said, of.. 34 of 1%, or multiples thereof.
the payment of delinquent taxes Issued for the purpose of paying
had swelled tax revenue so far the property owners' and village's
beyond the actual amount of cur- portion of the cost and expense
i*enjly-:ievied taxes,,, that. all obli¬ of constructioii of a^cbmplete sani¬
gations had been met.
:
//;// tary Sewerage system including a
The catching-up op delinquent treatment plant in the Sewer Dis¬
tax payments also
/presents an¬ trict and adjoining property ■
other serious problen) for the city chased for i said treatment plant
to face in future years.
and to.provide a fundior the payThe auditor said thai the bond ment of not to exceed one year's
In the last three years,
■
refunder this year, indicates- that interest on said bonds .and under
Lorain
must /either,
find new authority of the laws of Ohio,a&d
sources
of revenue, continue to of the Uniform Bond Act
:
an^jun¬
default and refund
bonds, or cut der and in accordance with- a»cer¬
its expenses in the future to bal¬ tain
ordinance ;, of, , the
ance with' it's ihcomer
passed on Sept.; 17. The bonds will
vii^ge
.
The '"rub" Will dome' early' next bp sold to the highest bidder for
;
year when the city* goes about/it^ not less than par and accrued in¬
annual appropriation of fimds to terest.
All bids must state the
meet bond requirements and oper¬ number of bonds bid for and tfie
/'■
ating costs.
Muskingum
Watershed
of bid
gross amount
Conserv¬
and, accrued
interest fq date.of delivery.
close
certified
a
check
En¬
$500,
for
District'■ (P. O. ' New Phila¬
payable to the village. ';
delphia), Ohio
Springfield, Ohio
/ Bond Sale—The $7.05,000 coupon Vf
ancy
"/ ;
;
Rate. Of Interest—The $146,000
refunding bonds offered, Oct. 1—
notes
recently
Oct.? 3; / Approximately $40,0O0l v. 156, p. 1005—were awarded to tax; anticipation
sold to the City Treasury Investavailable, for. the purchase, of McDonald-Codlidge • &* • Gor
of
bonds.
*
Cleveland, and associates,* as 2s, at1
^ Fiind—y.: 15$, pc 1109—bear
a price of 100.38, "a basis of about 2/g % interest.
/; ; /' •" v:' ' Lorain, Ohio ///
/
Benjamin C. Bourne will receive
sealed tenders of refunding bonds,
i
Borrows From- Local Bank To
elated July 1, 1940, until Oct, 7,
at
noon.
The sinking fund has Fay Bond Maturities—City Audi¬
accumulated
more
than
$5,000 tor Frank Ayres today sought
over
and above the interest re¬ State permission to refund $98,000
quirements
for
the
next/ six worth of city bonds on which pay¬
months.
Each tender shall state ment was blocked because of lack
the
issue and serial number of of funds wfhen the bondholders
each bond tendered and the price presented the securities for pay¬
Which will be accepted.
The vil¬ ment on Sept. .15, the date they
lage reserves the right to reject were due, according to the Lorain
-
,
t
Tenders Wauled
Secretary
Sinking Fund Commissioners Cur¬
tis Bynum announces that pursu¬
ant to the provisions Of the re¬
spective bond orders and ordi¬
nances authorizing their issuance,
tenders will be received by the
County Sinking Fund Commission
until Oct. 15, at noon, for pur¬
chase by the respective sinking
—
•
funds, in the name and on behalf
of 4he issuing! units of the<foUow-ing bonds, all dated' July 1, 1936: ;
<
advertise in the manner provided
ries 2.
'
' '.
City of Asheville general re¬
funding.
; City of Asheville refunding Se¬
of
by the ordinances of the village
and by law. • ^
"
- ;
/;> Buncombe - County Funding Se¬
fund held
.
'
;
Conneaut, Ohio
•
j Bond Offering Vr B. L, Palmer,
-1.
>
.
•
.
-/.
"• ■
Asheville Local Tax School Dis¬
funding..;-.?. —
•
/.■■■:■•
trict refunding./1;
:
Johnson-
*
•
&
District refunding./•/-? /-l/; •; .?//v
Sewfet DiS-r
trict refunding.
;/;/£/;/•-/''W•South *'■ BuncombeWater />&
J -Skyland/Sanitary
:
;
.S.wannanoa' Water
& ; Sewer
District refunding;
Woodfin
Sanitary
&
■
Water
Sewer District refunding.
•
a
Farmvilte, /V. C.
price of 100/23,6, and mature
$2,000 on Jan. 1 from 1943 to 1945
a
iricl.
-
•'
••.
r
.(
V
V
?.v >
A'
New Bern', N.'Ci
Bond Issuance Deferred-r-William C. Barfield, City Clerk, re¬
ports that no action has been tak¬
en 'relative to marketing the $375,066 light plant bonds authorized
at an election in May, 1941, and
the $175,000 water system bonds
approved in the present year, as
the city has been unable to obtain
a* priority rating for the projects.
j
Randolph
County'
(P.
O.
Ashe-
"
payable
Bond Sale—The;
$88;000 refund¬
ing bonds offered Sept. 29—V. 156,
pr 1108r—were awarded to a syn¬
dicate composed of Crouse, Ben¬
nett, Smith & Co., Detroit; Fox,
Reuseh & Co.,
Cincinnati, and
■
bids
until
noon
(E.W.T.)
Oct.
on
purchase, of $110,0.00
12. for, the
coupon
Interest J-D.
.
/refunding/■ bonds.
Dated Oct, 1, 1942,.
i
I///1
ties has been
Ross
dropped.
; /
//
$207.00
........
Seasongop<l
Mayer-
'
•
U hrichsviilef
Bonds
'
165.00
136.80
112.00
.'59.00
'334.50*
259.00
,232.83
1
f
Ohio
Authorized
The
City
Council has voted to issue $5,000
Township Rural Sehool Dis¬ judgment payment bonds.
/
•
trict (P. O. Jamestown), Ohio
•
Yorhville, Ohio
!-•
4..
•
Sept.. 15, 1942.
In¬
city to meet the
bond payments
Were
to
Due $4,000
Dec.l, 1947, $5,0000 June
not
constitute
a
in
payment," according
whPi adding that the
will
city's credit.
not
impair/the
cast at the election held
and under and in
been
the
bonds
on
Sept.
paid off with
15
money
Lorain Banking
1948 and ,1949, $6,00.0
1, 1950 and 19.51, CO., Which now holds the overdue
1,. J.952 to securities/ and .will continue to
1954 and $8,000 Jiine and Dec. 1, hold them, pending completion of
/ J * ;
j 955. Bidders may bid for a dif¬ the refttnder. '
The city will be Called upon to
ferent rate of interest in multiples
ol: Va of 1 %, or multiples thereof. pay to the bank the accrued in¬
Bids to be for all or nonev The terest oh. the total of $190,000 in
bends shall be sold, to the highest securities.
/ • - > /; •.;/.;;;; ■;.;
•:
and best. bidder for not. less .than
Ayres' declared, that a ref und¬
par; and accrued interest.
Each er of the' bojids could hot have
bid
must
state the, number .of been made earliervin the year be¬
bonds ; bid;. for and. the gross cause the auditor's; office was not
amount, of the bid with accrued notified by the county until "with¬
the -last- two weeks"-of the
interest to the date of delivery. in
bid
pf delivery.
•
-
certified check for -2%
the bonds bid
the
for, payable to
amount: of money it would have
available to meet the bond obli¬
gation.
City Treasurer/
,
li'
;
•
-l-.jb'
U
fhis
year
Lorain
Gorman of
will be the first time
Hobart, Okla. ).. ;
-;
City Clerk
receive
sealed
bids until
Bond Offering-^The
will
8 p.m. on
of
est
Oct. 6 for the purchase
$75,000 not to exceed 3% inter¬
airport bonds. Due. $5,000 on
Oct. 15 from 1946 to 1960 incl. In¬
terest
Williams
1942;
/;
v
A-O.
at
-
an
Bonds
*
election
were
on
for. 1%
upon,
payable
/ Ik/.
Longdate,' Okla. '■
"
Proposed 'Bond Issue—An issue
of $4,500 electric -light/refunding
bonds
was
considered
by the
Cincinnati, will be Board of Trustees recently.
of the bonds
the; Board
to
bid
3,
u,
furnished to the successful bidder •:-/;/:/- /' Tulsa, Okla
Bond Levy Suit May
without cost. ?' Enclose a certified,
check
author¬
March
•
v,
.
/■-
Be Filed
—fWe take the following report
from the Tulsa "Tribune" of
Sept;
of
'/•■^//•/.; /v^:/'/^;/':i■;/■
Assistant £ounty'Attorney Wil¬
Education.; ,:.v./:.///'/
;/■ /
//;
liam ' Taylor,/dissatisfied with an
South ^Boulevards (P/ O. MansAttorney ' Generals opinion hold¬
field)? Ohio
■" ,/f:
ing that the city and; hot the ex¬
Bond Offering —^ H.
Scoles, cise board *has the right -to fix
'
-
Village Clerk, will receive
7 p.m.
on
sealed
the water bond sinking levy,
Oct/ 13; for today thai
said
would wait for the
formal, opinion before taking any
we
purchase of $26,775.56' 4% cou¬ further action.
/
Sewer District No. 1 bonds.
Taylor. had asked the Attorney
in the
Interest A-O. Dated Oct. 1, 1942. General at .Oklahoma City for an
having
the citv was
been paid without refunding dur¬ Denoms. $1,000 and $500, one for opmion/ whether
legally bound by van ordinance
ing the years of 1939, 1940 and
$275.56.
Due Oct. 1, as follows:
passed last December setting aside
1S41.;
$775.56 in i'944, $1,500 in 1945 and each* month enough revenue to
;
Extensive refunders were made,
retire the $916,000 water bonds
however, ' during preceding; de- 1946/$1,000 in 1947, $1,500 in 1948
/
•
to 1950, $1,000 in 1951, $1,500 j in voted by taxpayers.
.
Dover. Ohio
Bonds Sold—The .City Treasury
Investment Board has purchased
\
/The approving
opinion of Peck, Shaffer,
&
date
No conditional bids
received^
bids until
;
.
■
.
/
and
amount of ized
accrued interest to
and
'
OKLAHOMA
accordance with
bid for and the gross*
will be
,
March 1,1942.
Aug. 11,
,
held
.
bonds will be dated
All of the
':
June and; Dec.
a
majority
resolution passed.. Sept/ 1,
.$7,000 June and Dec.
of
65%
a
1, The auditor said that a default are payable from unlimited taxes.
does not legally take place until The bonds will be
; sold,
tp the
a 90-day
grace period has expired
highest bidder for not less than
after "the ; payment date' of/the
par and accrued interest. All bids
bonds. '.
/,- - - *
;/;?/;/;!:*
.1 '/Ayres.
also revealed that all must state the number, of bonds
advanced by the
Dec. 1,
.
and of
vote of the electors of the district,
<a /
*•
•
1952 incl.
i
the date they thereof,
on
does
Ayres,
have
and
due
"default
June and
a
-b-V.O. i-
the
bonds, since-that amount
came due Sept. ;l5,r and since there
was
only approximately $90;000
to meet the need, none could be
Denomination $1,000.
$10,000 street improvement and
$2,500 storm' sewer construction
bid of 100.04, a bonds/all
dated. July 1,1942. One
net interest cost of about 2.657 %,
bond for $500, others $1,000 each.
aS follows; $82,000 general1 bonds
for $54,000 maturing April 1, $24,Elyria,. Ohio
000 in 195$, $30,000 in 1959, as
; Bonds Sold—The .City Sinking
f
Jarjies
connection; with the;propbsed
bond-payment
purchase: of the loral, gas proper¬
ujp payment of' $190,000
in
Worth of
who
Vance, Young: & Hardin of Wins¬
ton-Salem, on
money
transaction
v
„
Cuyahoga Falls, Ohio
Bond Offering — H. O. Bolieh;
j,',:/
Enclose
boro), /V. C.
i
Enclose
certified check for $50,
City Auditor, will receive sealed
Note Issue Details—The $6,000
2 la % bond anticipation .notes pur¬
chased .by the Citizens Bank &
Trust Qo. of Henderson, as re¬
ported in v. 155, p. 2324, were sold
Premium
Interest
Fahey, Clark & Co.
vy/f
Braun, Bosworth
& Co
IVz'/o
HaJsey, Stuart & Co,. t.*j/.
lVa-><
©hio^ Company-ws
, *--rU5?{rSti*anahan, Hlirris *.&. Col.'..:,.
Assel;; Krelmer & : Fuller.,.1%"'
+
.
bid
the highest bidder for
sold to
to the city,
•
-
:
..•/•/
may
of and accrued interest,
.
at
Bidders
1948.
otherwise spe¬
cified in the tender.
/
Abandoned—
Issue
different rate of interest in
a
not less than the face value there¬
days following date
of opening, unless
,
to*
be
All tenders must be considered
firm for five
Bond
,
Sewer
Watershed: Distiict refunding:
Gas
t—
Bidder-
Portsmouth, Ohio'
//:
/•
Of Bids
asked ? to approve
the refunder terest: M-S. Due $1,000 Sept. 15, 2 Hs, at a price of 100.166, a basis
of about 2.465 %.
Sale consisted
Ayres said.
; •
'
1944 to 1950.
Rate of interest to
multiples of }A of 1%. Said bonds
)5 Money from faxes'levied to pay be in, multiples of ,3/4 of /1%, or of:
are issued for the purpose of pro¬
Off the/bonds; was used to meet multiples: thereof/ Issued for the $i 1,450 special usst bonds.
Du£
viding furids for the payment: of
the, cost of the city's general oper¬ purpose of completing the par¬
•Dec. 1, as follows: $1,100: front
poor; relief /"expenses for 1942 in
ating expenses and was' included tially constructed Jireproof gym¬ N - 1943 tor* 1951 inch And- $1,550
the .C.ity; and under; authority pf
in the appropriation,/ made by nasium school building; in the dis¬ ;/
in 1952^h
;
■/;the laws pf Ohio and of the Uni¬
council this sprang.
At the same trict, under author ity .0^ .the gen - *15,600 village portion bonds. Due
form BOnd Act and under and in
?
time, council passed /a resolution era! laws of the State, particularly
Dec. 1, as follows: $1,000 from
accordance with Ordinance
No.
stating the city's; intention to re¬ the Uniform Bond Act of the Gen¬
,1943 to 1946 inch; $1,000 in
3710 passed on Sept. 14, 1942 by
fund the bonds when they fell due.
:
1947, and $2,000 from 1948 to
eral Code and Section 2293-15a
the City Council.;; The bonds will
Failure of ;the
/-l::
;; /
Water
Beaverdam
,
.
1944
SchoolTax
Special
District refunding.
,
for
: r
v
Steubenville, Ohio
'■
Following is a
to 1967 incl.; callable on or after
complete list of the bids submitted
Nov. 1, 1944.
Second high bid of for
the
$38,000
paving
bonds
101.34 for 2%s was made by a awarded
Sept, 21 to Fahey, Clark
syndicate headed by Stranahan, & Co. of Cleveland, as reported
Harris & Co., Inc., Toledo.
in v. 156, p. 1109:
List
Bond Ofrehng — Carl McDorpaid because none could be given man, Clerk *,Qf the" Board of Edu¬ j /^onds Spld^-The $27,050 special
bids until, noon j(E.W,T.) on Oct. preference over others/
assessment, ~and village
portion
cation,/ will, receive; sealed »bids
9 for the purchase - of $5,000 3 %
r If* the
state grants/ permission until
noon on Oct. 9 for the purA Street /improyement; bonds / of*:
delinquent tax bonds.; Interest to issue new bonds to
fbred pn March 2^^ 155, p. 789
pay off chase, pf
$7yOOQ not to exceed '4 %
A-O.
Dated Ocll, 1942.
Denomr
•—were awarded to the Weil, Roth
those on which payment has been interestcoupon - school building
ination $1,000.. Due $1,000 Oct. 1,
& Irving Co. of Cincinnati/ as
held up, city council will then be bonds.
; Dated
jCity Of; Asheville funding Se*
/: i--rX
JiZ ;./ ; // ,;^//o. >;f,,
City of Asheville Water re?
ries 2.
?
City Auditor, will receive sealed
ries 2.
.
1, 1942 and
w;
County Refunding.
Buhcombe County Series 2 re¬
funding. ~■ ■■" :.*>A:
.
Dated Nov.
-WilhamSv Cit^^ Auditor,
air tenders,'or, if sufficient tend¬ ^■Juurnal"
&
Times'-Herald^Tof
states/that the matter of' issuing.
ers are received to exhaust said'
Sept.-21.
^
;...
$750,006 rhortgage 'revenue bonds'®:suther^d^iVo!"-r;y.
:
Actually,; Ayres said, the lack
funds, to reject, the same and reIn
-Buncombe
;
1.788%.
due serially on Nov/1 from 1943
that
has
been
unable
the
to
*
pon
meet'its- bond obligations
last four years, all bonds
.
.
.
pression • years.
A
-
:
v
v1. r
j/1
vj
-
1
.4
*f
.1
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1198
Taylor's opinion, the Attor¬ tion, City Attorney E. M. Gallaher was instructed to report on
ney General did not rule on the
question proposed, according to a legality of the proposal to retire
statdfpent received by telephone the bonds; on how it could be
Wednesday. Taylor said, however, done; and on methods by which
that this opinion may be found the city can offset the money it is
in
a
lengthy
written opinion now paying for interest.
scheduled to reach him later to¬
In
1-
■/
day. / / ■■
-%/ OREGON
■■
General's office
of the opin¬
the legality of the ordinance
The
Attorney
ion
Details—In
Sale
Bond
156, p.
should be tested by a taxpayer as
1005, of the sale of $10,000 refund¬
an
individual and not the excise
ing bonds to Charles N. Tripp Co.
board. V/ I
/V. 7 /■/.
of Portland, we learn that the pur¬
There
were
indications today chase
price was par and that $7,that some taxpayer
would file 000
bonds, maturing $1,000 on
such an action.
Sept. 20 from 1947 to 1953 incl.,
The
opinion is purported to bear 2xk%
interest, and $3,000,
have severely criticized the city due
$1,000 on Sept. 1 from 1954
commission for passing a repeal¬ tor 1956
incl., bear 2% interest. Net
ing ordinance in violation of a interest cost about 2.147%.Inter est
pledge to the taxpayers.
Taylor
advised that if
was
ers
taxpay¬
some
have
tection District
taxed, he would
acted
on
a
tax
protest.
budget,
$5,000 im¬
156,
sold
39—were subsequently
Bruce & Co. of
p.
to
Conrad,
Portland, as 3,Vjgs, at par.
PENNSYLVANIA
Increased—The Tulsa
Everson, Pa.
Bond Offering—George Farrah,
22 said as follows: Tulsa taxpayers will pay Borough Secretary,
will' receive
$45.6*4 per $1,000 valuation on sealed bids until 8 p.m. on Oct. 8
1942 taxes or $2.66 above the rate for the purchase of $10,000 not to
of last year, the
increase being exceed 3V2% interest, coupon regas
to
due to the $3,833,000 bond issue isterable
principal only,
"Tribune" of Sept.
That
tled
(bonds. Dated Oct. 1, 1942. Denom.
after
set¬ $1,000.
Due $1,000 on Oct. 1 in
board each of the following years: 1944,
final figure
the
was
on
excise
the
Monday "approved all city, county ,1946,
and school district budgets.
'1958,
about 80
lk«, 1950, 1952, 1954, 1956,
1960 and'1962.
Bidder to
of the following rates
cents per $1,000, would have been of interest: 1%, 1%%, 1%%, 1 %%,
avoided had the city officials set z%, 21/4%, 21/2%, 2%%, 3%, 31/4%
Interest A-O.
A certi¬
up $73,000 out of water revenues or 31/2%.
check for $200, • payable to
to retire water bonds included in fied
the big issue d and as they had order of the Borough Treasurer,
the
of
Part
increase,
promised to do.
However, they
plan to follow that promise in the
future and make up the increase
7/7/':'//:77/ 7
next year.
tax
Tulsa
The
rate
last
$42.98 per $1,000.
was
,
year
.
y,
'Retirement Of Unused Bond Is¬
sue
Urged—Retirement of the $1,-
037,000
bonds
sewage
disposal
voted December 2,
cannot be used until after
plant
which
the war,
proposed by Finance Commis¬
D. H; Pratt on Sept, 25 as
was
sioner
method by
a
reduce
which the city could
for the
taxes
duration.
~
Commissioners exhibited no en¬
the plan,
willing to
thusiasm immediately for
indicated they
but
consider
it
are
further,
according to
to
high-bid
7
Philadelphia.
pame
one
Bonds Sold—An issue of $2,500
H.
Crawford & Co. of Colum¬
4V2s, at par. Interest J-J.
Dated July 1, 1942. Due July 1, as
follows: $1,000 in 1947 and 1948,
and $500 in 1949.
Issued for the
purpose " of'
refunding
a: like
amount
of
outstanding
bonds
bia,
.
,
.
as
1,
1922,
and
ma¬
turing May 1, 1942. Legality ap¬
proved
by
Huger
Sinkler
of
/
.
/
^.
'■
Worth, Texas
/ Bond Issuances Delayed—E.
7
S.
City Secretary, states
$275,000 flood control
$75,000 storm sewer equip¬
bonds
ment
authorized
the
at
Sept. 15 election will not be is¬
sued pending final report of the
city's Engineer.
•/.
r
-
;•//>' Marlin, Texas
//////;Camden, S. C. 7/7/777
that the following 5%
announces
called for
are
November
payment
on
of;
terest
Columbia,
J-D.
Co.
Dated
In¬
3s.
as
June
'
1 to
at
1,
Improvement, Series No.
2, Nos. 1 to 25.
' Z
1942.
Due June 1, as follows: $4,000 in / Dated Oct.
1, 1931.
1943, $5,000 in 1944 to 1947, $6,Menard County (P. O. Menard),
in 1948 to 1954, $7,000 in 1955 to
Texas
1957, $8,000 in 1958 to 1960, $9,000
in 1961 to 1963, and $10,000 in 1964 :i Bond Election—-An election has
to 1967.
Issued for the purpose of been called for Oct. 3 in order to
refunding a like amount of out¬ resubmit to the voters the $30,000
road
improvement
bonds
that
standing 5% street paving bonds,
dated July 1, 1922, maturing July failed to carry at the election held
on July 11..
1,
1962.
Legality approved by
Huger Sinkler of Charleston.
Pampa, Texas
1,
Bonds
Cheraw, S. C. *
| Bonds Sold—Report is received
of the sale of $17,000 paving
G. >11.
to
bonds
Crawford & Go.-of Co¬
Oct.
lumbia, aS"4V4S, at a price of 99,
a
basis of about 4.438%.
J-J.
Dated
Interest
July
_
awarded
to
the
^
Co¬
Dated
April 1,
:
Legal opinion of
of
New York.
Dated
520,000 Los Angeles, Cal.
/ Oct.
1,
1943
to
of
Due April 1, :
1972./ Legal'opinion
/
1942.
Chapman & Cutler/of Chi¬
cago.
10,500,000 Pittsburgh, Pa. Dated
Oct. 1, 1942. Due April. 1,1943
to
1985.
Legal opinion of
Thomson, Wood & Hoffman,
of
7.
New
•
•
York.
125,000 Quincy, 111. Dated Oct. 1,
1942. r Due April 1, 1943 to
1958. Legal opinion of Chap-
|
—
Securities' Corp. of/ San
Antonio. / Dated July 1, 1942 and
due $5,000 on July 1 from 1943
Due
r
1943 to 1972.
Sold
The $15,000 3%
obligation water works
offered Sept. 8—v. 156, p.
82p—were
1942.
1,
Caldwell, Marshall, Trimble //.
/
& Mitchell, of New York.
4,300,000 Houston, Tex.
Dated
Oct. 1, 1942. Due April 1, 1943
to
1985.
Legal
opinion of
/
Reed, Hoyt, Washburn & Clay,
r
/
& Cutler, of Chicago.
man
,
Twin Falls, Ida. • Dated
Oct. 1, 1942. Due April 1, 1943
to
1958.
Legal opinion (of
40,000
general
bonds
Holyoke, / Mass.
234,000
15.
Street
7
Caldwell, Marshall, Trimble
& Mitchell, of New York.
7
./7;,.:/:/;7;
Bond Call—Mayor E. M. Dodson
&
Trimble
Mitchell, of New York.
2,900,000 Hartford, Conn.
Dated
Oct. 1, 1942. Due April 1/1943
to
1985./ Legal opinion of
the
and
Marshall,
well,
/■•'
Birdsong,
that
.
83,000 Fresno, Cal. Dated Oct. 1,
/ 1942.
Due April ,1, 1943 to ;/
1957.
Legal opinion of Cald- /
(
bonds
press
'
•
ReedrHpytfr Washburn, & Clay^-^-
r
lumbian
of New York.
Series
"A"
serial
The
form
in
are
bonds
and
offered
represent
portions of total authorized, issues,
the
balance
sued
of
which
initially
„
the /Federal
to
Authority.
Public Housing
housing authority Series
Local
"A"
.
be, is-'
Series "B" bond? and will
as
be, sold
;
will
bonds
offered
are
form, registerable
in
coupon
/
to principal
and
interest or
as7to principal
/
alone.
All of the bonds currently
offered are subject to redemption. /
The bonds
interest
as
redeemable
are
date
payment
on
any
prior
their, maturity, as a whole,
to;
in
part in the inverse order of their/numbers, at par and accrued in¬
terest
the
to
deemed
on
tion dates
of
date
plus'/ various
or
redemption, /
premiums
if
re- V
before the redemp-/
or
specified in each
as
no¬
tice of sale.
Under the provisions
of the United States Housing Act,/
these
bonds
exempt from all /
are
Federal taxation
and under
laws also usually
enjoy exemption /
State
22
to
nine
counties
in
exchange
days.
■
.The
a
due
Mayor said the money is
"vital necessity," and that
retiring the bonds now and voting
them again later likely would cost
taxpayers
more
in the
long
to
$10,000
1 from 1943
Other bids, for 23/4S,
Oct.
on
1952 incl.
from
-
State
and
local
taxation.
fered expressed as a percentage
highway bonds to effect carried out to at least four deci¬ They also qualify as legal investsaving ranging * from mal places. Compliance'with this ments for savings banks, trustees,
I to 2 %
Treasurer John Harton
insurance companies, etc.
request on the part of the bidders
announced.C
would make it possible to remove
VIRGINIA
The consolidated bonds-bear in¬
delays in the determination of the
terest at rates from 2%%"to 3y2%,
lowest bid and in the award of Hampton Roads Sanitation District
depending upon maturity dates of the bonds to the successful bidder.
(P. O. Norfolk), Va.
county bonds for which they were
In the event that prior to the
Discuss Large Sewer Program
for county
an
.
interest
Exchanged.
*
,
,
..
///
TEXAS
delivery of
offered
of the bonds being
any
for
income
the
sale
re¬
—The Norfolk
Sept. 24 noted
ceived
by private holders from
housing authority bonds is
the terms of any
local
made taxable by
Federal
income
the
after
date
tax
of
law
the
enacted
sale,
successful bidder may, at its
the
elec¬
tion, be relieved of its obligations
under the contract to purchase the
bonds.
• v/y :77;/7//.
-
/ Secured by a pledge of revenues
to
be
derived
from
operation of
the
projects and by annual con¬
Cameron
County Water * Control tributions, equal to or greater than
jand Improvement District No. 5,7 the maximum principal and inter¬
i. •
Texas
/■' /.///■■ „/';'/•/ est requiremeents, to be made to
the issuing authorities by the Fed¬
i Creditors Advised To Present
eral: Public
Housing Authority,
Claims
Creditors of the above
these Series "A" bonds have so
district are advised that by virtue
far commanded prices comparable
of an amended interlocutory de¬
with hightorade general
obliga¬
cree
entered in bankruptcy No.
The
"Virginia-Pilot" of
follows:
as
Hampton Roads Sanitation/
Commission
District
and
Tuesday
the date for
the
which
tentatively
set
"
confer-/
a
be held here with officials
ence to
of
as
here
met
yesterday
Agency,/'/;
Works
Federal
has
allocated
$2,500,000 to /
financing /
a
sewage disposal system estim- '
ated to cost approximately $9,-
assist the commission in
People of the district
000,000.
July 21 voted the commission
on
/
au-y.
as
follows:
Bidder—
..;
.
/
7/■ ^/:'.
Rate Bid
-
Miners
100.813
100.801
100.67
Savings
Bank, ' Pittston
Seasongood & Mayer, Cincinnati
Schmidt, Poole & Co".
thority
to
issue
$6,500,000
district's
in
*
not
bonds
share
project.
than
more
to
pay
of the cost
the/
of the
/;...././.7"/*•/
' /
—
"The
the
money
already gpent to
would be lost,"
election
explained.
"Probably never
again will we get such a low in¬
terest rate
(approximately 2%),
and the prospects in Washington
!
are
Waynesboro, Pa.
Bond
Election
Borough
posed
election
an
voters to
ing
for
Proposed
Manager
pass on
a
a
$100,000
—
The
recently pro¬
to permit the
measure call¬
water
supply
bond issue.
that the Federal Govern¬
ment will levy a
bonds voted
the present
tax on municipal
in the future,
while
bonds are exempt."
Commissioner
Pratt's
mo¬
•
.
were
run.
On
1, 1942. Due April 1, 1943 to
1972.
Legal opinion of Chapman & Cutler, of Chicago./';
dated/ May
Congress, Mayor Veale pointed to have voted to dispose of $750,- ; The counties exchanged their
out, the $1,037,000 might be used 000 in bonds, formerly part of the bonds in amounts and at interest
to buy U. S. Government bonds assets of the Board's Fire Insur¬ rates as follows:
which would pay an interest rate ance Fund.
i Carroll, $1,000 at 5V2%; Coffee,
equal 'to or higher than that now
Pittston, Pa: 77/7777 $13,000 at 5%; Haywood, $10,000
being paid by the city.
Bond Sale—The $100,000 fund¬ at 5%; Lauderdale,
$5,511 at 5 and
^This, he says, would help the
ing and improvement bonds of¬ 5V2%;
Monroe,/ $18,000 ■ at ..5%;
Government in the war effort, pay
fered Sept. 29—v. 156, p. 1109—
Montgomery,"* $13,411 at - 5 /and
the city's interest on the bonds,
were awarded to Hemphill, Noyes
4%%; Obion, $12,936 at 4M> and
and hold the money for public
& Co. of New York, as 2%s, at a
5%; Shelby, $8,000 at 4V2%; Sulli¬
improvements which would help
price of 100.779, a basis of about van, $45,000 at 5%.
c7
carry the city through post-war
2.34%.
Dated Oct. 1, 1942 and
now
Fort
& ,/
Trimble
/
„
.
he
/
dences of indebtedness.
C.
Marshall,
well,
/// Mitchell, of New York.
<
500,000 Denver, Colo. Dated Oct. V
within the district, or the owners
>
.
hold
claiming or asserting
as
against petitioner or any individ¬
ually
owned
property
located
1, 1942.
Due
to 1945 incl.
July 1, as follows: $1,000 from
1943 to 1945 incl. and $2,000 from
j
:
Pittsburg, Texas
1946 to
1952 incl.
Legality ap¬ "/
Refunding Contract—Rauscher,
proved
by
Huger
Sinkler / .of Pierce & Co. of Dallas have con¬
Charleston.
".'/'''/
tracted to refund $110,000 bonds
,is required.
7 77
77;/" Z
7/77
77/'":
Due
Orangeburg County School District as 3s,/3^2 s and 4s, at par.
j The principal and interest of
said bonds, which are to be gen6n April 15 from 1943 to 1962 incl.
No. 26 (P. O. Orangeburg), S. C.
leral obligations of said borough,
I Bonds Sold—An issue of $37,000
UNITED STATES
are payable without deduction for
refunding bonds was sold earlier
any taxes
(except succession or in the year to Robinson-Hum¬
:
Local Housing Authorities Ask
inheritance taxes) levied pursu¬
On
$22,269,000
Bonds—
phrey Co. of Atlanta,, as 2 ^s,/and Bids
ant to any present or future law of
mature June 15, as follows: $3,000 Eleven local housing
authorities
ithe
Commonwealth
of Pennsyl¬
from 1943 to 1945 incl. and $4,000 have issued calls for bids until
vania.
/
■
' •
from 1946, to 1952 incl.
Interest Oct. 14 on their Series A bonds
The
enactment, at any /time j-D.
/ Issued to
provide for/re¬ totaling $22/269,000..
prior to the delivery of the bonds,
> Bidders are requested to enclose
demption of a bond maturing ton
of Federal
legislation which in
July 1, 1942.
Legality approved with their bids (although not as a
terms, by the repeal or omission
part thereof) computations show¬
by Huger Sinkler of Charlston.
of exemptions or otherwise, sub
ing, on the basis of the bid (in¬
jects to a Federal income tax the
TENNESSEE
cluding the premium, if any) the
interest on bonds of a class, or
aggregate of the annual interest
Tennessee (State ofJ
7,V//
character/which includes these
requirements for the bonds being
Counties
Exchange
Highway offered for
bonds, will,'at the election of the
sale, and also show¬
Bonds—The State issued $126,000
purchaser, relieve the purchaser
ing (on the same basis) the in¬
.from
his; obligation
under a. the of its consolidated bonds on Sept. terest cost of all of the bonds of¬
advices.
Mayor C. H. Veale and Water terms of the contract of sale and
Commissioner
W.
F.,, Graham entitle the
purchaser to the re¬
showed more interest in a pro¬
turn of the amount deposited with
posal that the
city investigate the bid. The right is reserved to
ways in
which the bond money
reject any and all bids;
might be invested so that it would
return an amount sufficient to off¬ Pittsburgh Sch. Dist. (P. O. Pittsset the interest the city is now
burgh), Pa.
Disposal Of Fund Assets Voted
paying for the money.
—The Board of Education is said
With
proper
legislation from
the
from
refunding bonds has been sold to
G.
-
for payment or be forever barred
made by E, H.
SOUTH CAROLINA
S.
2,700,000 Dallas, Tex. Dated Oct.
1/1942. / Due April' 1, 1943 to///
/
1985.
Legal opinion of Cald¬
fiied with the Clerk of the court
of
1943
1
be
,
local
for
Sept.
should
Nos.
v.
through taxation; under the
voted last December,
from
6
original budget the bonds would
be retired through water revenue.
Tax Rate
Sons,
days
claims
funding bonds to G. H. Crawford
•
The
—
bonds for which .bids
rejected on June 25 because
of inability to obtain materials—
taxpayers will retire the $73,000 a
year
&
was
30
provement
budget,
Under the amended city
Second
l%s
within
24.7 Thereafter
were
Sold
Bonds
excise
the
city
the
file
then
and
until
wait
would
from
trict
/ Bonds Sold—We learn of the
sale of $178,000 street paving re¬
City), Ore.
grounds for a lawsuit.
taxpayer indicated today
board
Rollins
1
1, 1942
the American
National Bank, Austin:
/Public Permanent Improvement,
One
he
Oct.
incl.
101.19 for
-basis of
a
Dated Oct.
on
Charleston.
Rural Fire Pro(P. O. Oregqp.
Heights
Waverly
voted for the bonds believing
he would not be
due
1962
100.705,
1.43%.
connec¬
with the report in v.
tion
and
of
price
a
about
Bamberg County, Ehrhardt School thereof, any claim or lien arising
District No. 22 (P. O. Bamberg), out of the bonds or other evi¬
Freewater, Ore.
advised Taylor it was
at
Monday, October 5;-1942
West
View, Pa.
Bond Sale—The
sue
offered
1005—was
Trust
Co.
$30,000 bond is¬
Sept. 29—v. 156, p.
awarded
of
to
the Union
Pittsburgh,
as
699
in
the
District
Court
of
the
tion
murpmpal credits.
The issues being offered by the
States, Southern District
of Texas,
Brownsville Division, housing authorities of the various
cities are listed below:
on Feb. 14, 1942, they are directed
to
present their claims to the $367,000 Camden, N. J. Dated Oct.
Guardian
Trust
./ 1, 1942. Due April 1/1943 to
Company / of
1972.: Legal opinion of HawHouston, Tex., for payment in 7
United
accordance with the plan of com¬
iy2s, position of the debts of the dis¬
/'/
kins, Delafield & Longfellow,
of New York.
/"
Next
Tuesday's date is tentative
because
it
was
uncertain
yester-'
day if the FWA officials could be/
here at that time.
The confer- .?
ence
twice
before
has
been
ar¬
ranged and postponed.
At
sion
the
will
officials
conference
discuss
certain
the commis¬
with
the
FWA;
questions
of
policy regarding work/which can
be done now under the war pro¬
gram
and other work which prob- >
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
'.Volume 156.
the
problems concerning FWA
policy and that of the commission
may come up for. discussion.
Richmond, Va.
Sale
/total
the
authorized
borrowings
resolution to,issue $340,000 bonds
ment
ly to consider the financial prob¬
to
office.
Street
and act
lem
Bridge,
the
on
Mr.
"
*
Miller
Whatcomr
that
County
District No.
it
1
Utility
Public
(P. O. Bellingham),
in
pointed
out
B
,
d"
o n
Financing
Dropped—
.
000 bf.bonds issued and-a $3,140-;: Charles- A.-Pederson,- President of
of
amount has decided not to sell the $5,875,-
to
Sept.
and recommended that
22,
I only
This
of $6,934,144
$3,140,000
a
the
reduce
available
ac¬
for
tric
The Finance Committee recom¬
forthcoming bond issue.
were
of $2,974,066 that
should be excluded from the bond
plan for the operation of the an¬
issue
nexed
abiance
The
■;
to
represents loans authorized
announced that
in¬
items
These
conditions.
war
■
a
those
called for redemption, including
fund provisions.
The date
the redemption or last date for making tend¬
indicates
ers, and the
the details
?
:
were
Berland
Gomjpany and Issue—
Date
'
,
Page
•
'
Alleghany Corp.,
due
Feb.
debentures
4'.;.
1145
''4
Oct
_
RR.
Line
10-year 5 9F notes,
due 1945^-Dec '15
Co.,'1st & gen; mtge. 3J/a^ bonds,
'Central-Maine Power
1964
1—
•
.955/
-Nov
1
-
Dallas Office & Club Bldg., Inc., 1st mtge. 5s due 1944_Nov
i Eastern Iowa
ref. mtge. bonds, due 1950_Jan
bonds, due 1952_AJan
1st mtge. 6 (4s, due 1943J——Oct
1st mtge. 6'4
Co.
Power
5>4<4
Eaton, Paper Corp., 1st mtge.
,
General
1st
v'
Public .Utilities,
Canadian
*
1148
1st mtge. & coll. trust 6(4 % bonds, ser. C, due 1955__Nov
South Bay Water Co. 1st 5s, due 1949__4____4___Nov
Heywood-Wakefield Co., 5% debenture bonds.,—.__—pet
Holly Sugar Corp. preferred stock
____Nov
Home Telephone & Telegraph Co.— /''•1st mtge. 6% gold bonds, series A. due July'2, 1943._Jan
Houston Natural Gas Corp., 1st 4s due Sept. 1, 1955—Nov
Navigation Co. funding & improve.':
mtge. 4% bonds
__-___.l_____l.__'
Oct
Litchfield & Madison Ry., 1st 5s, due 1959__
_
..Nov
.New-Mexico Utilities Co. gen. mtge. bonds, ser. A, dated
iehrgh
Coal
... *
957
*
1047
5 '
12-
11-
6
11-
*■"
11-
10-
10-24
'.
10-20
10-14
5
10-. 1
7
10-
1
10-
1
•
/.mi
9-
*
&
Clinchfield
r
Kansas
Central
1150
1150
Franklin
Central
864
Ohio
&
New
,11- 2
1
'•••-
;■•''>■
10-9
t$lV4
J$1.30
15c
$1V4
SIVa
2
10-
11-
1
Power .5 Vi
'
•
pfd.
7:'/<• .preferred
Accumulated
•
;$1%
■
-
11-
2
10-15
11-
514
1
865
i
-
6'w
1(1
783
5
1
preferred
conVi
10-15
10-15
9-30
9-19
__—15c
(quar.)
/
9-21
Nov. 1, 1935__
$ls/s
15c
•
City; Title Insurance Go.' (N..; Y.y (quar.>4_-_'
.Cleveland Automatic Machine Co.—
Newport
,
News
Gas
Ry.,
Hampton*
&
&
Co.,
Electric
March
31, 1936
—
—
Tst preference' stock—
_
Potrero Sugar Co., 1st mtge. Is.
•
Inc.,
Sisters of St. Joseph.
Three
Rivers
series
■
1936—
dated
A,
Warren
(S. D.)
due 19*52
1st 4Vis,
Co.
t2288
9-21
-Nov
Nov
:
•
165
Cockshutt
*
*
1157
Plow Co.,
Common
r
Works
6(/t>
1
1
Mills
Inc.
preferred
grouped in two separate tables. In the
bring together all the dividends announced the
which
Then
De-
dividend payments in many cases are given
under the company name in our "General Corporation
*
Name of Company
,
Abraham
&
Straus,
"AH Penri Oil & Gas
Electric
&
American
Can
.
(quar.i
.(quar.)r_-I__-_-__l._-l_ '
Co.
American
Dairies
Furniture
American
./
Hair
7%
Inc.
&
7 5k
Felt
preferred
•
(quar.)
preferred (quar.)__;
6% 1st pfd. (qua;4;)
\
.$6
.2nd,prefererd fquar-.>i^__'_-_^i
_r____
'American Steamship Co. 'drregular).----•
50c .
10c;';
-5c
2Vic
_____•
Co.
American
•
•
r
i__,
Equipment (quar.)-__l.-l-r
(irregular) ——75c
Arch
American
Inc.
Iron Co."(irregular) --'
Alabama Fuel &
Allen
Per
share
American
5Vi>
Utilities
States
pfd.
Apollo
Steel
Co.
Appalachian
Arcade
4Va'rt
Power
Mills
pfd.
$1 V%'
Ltd/
Co.,
$1.25
(Quarterly)
Atchison
Atlantic
'Ault
&
Topeka
&
Santa
City
Sewerage
preferrd
Co.
(inc.)
(quar.)__
i__
Wiborg Proprietary, Ltd.
Finance Co.
SVa'/t'
Fe Ry.
City Electric $6 preferred
common
;;.:9-25
11- 2
9-30
12-21
10-15
•
10-
1
62(40
1
Manufacturing Co.
Co.
Neisner
$1.18%
10-15
9-30
2
11-2
New
New-
York
5
9-19
6%■
10-17
North
10-15"
Northern
10-1
25c
10-15
Cap
10- 6
Set
Co.
(irregular)
?preferred.<f(quar.)
$1 (4
Rubber,-.Co.__I^
&
•:.(;
Bros.- Gear
Shares____V_^-_l- M
Machinei_______^'
&
.
The dividend, oF 25c declared
increased:.,to -50c
was
at
Street
49
Union
Depot
Co.^Distilling
Street
West'37th
meeting
a
Mills,
Inc.
>
11-
2
25c
■ j
10-20
5c
10-15
50c
11-
2
10-16
10-
•
10-30
$2
10-
1
10-20
9-30
10-20
10-
5
(irregular$1(4
10-15
10-
6
50c
10-15
i___
A
9-30
$l(/*
10-
5
10-
$1
(irreg.)
(quar.)
11-
2
.10-
1
9"
$3iy4c
$2J/2
$IV2
20c
11- 2
12- 1
10- 3
10-15
10-30
10- C
10- 1
11-2
10-15
10-
1
9-26
10-
1
9-26
11- 2
5 xh 'U pfd
683/4c
Gladding,
Gordon
•
Great
-•
&
NlcBean
Qi'r>
Co.
j
Belyea, Ltd.. 6% .1st pfd.
Southern
(Quarterly)
Greenfield
&
Life
Ins." (Houston,
:
;
Gas
Trust
5. $$1(4
10-15
10-
10-
7
1
9-26
35c
10-10
10-10
common
_______
75c
10-
1
9-15
Co.
(Canada)
(quar.)
75c
11-
2
10-15
(quar.)_____
$$1(4
10-15
9-30
10- 1
9-30
9-28
11- 2
10-20
$1(4
$1%
—_________
Service
(quar,)—
Co.—
-
(irreg.)
Engineering
Northwestern
Bell
Co.
Telephone
(quar.)
Northwestern
Title
Insurance
Co.
Wash.)
(quar.)
10- 1
10-15
9-28
10-1
+$1%
+S1(4
t$l3/4
12(4c
$1(4
$1(4
50c
10-14
10-14
10-14
10-15
10-1
10-1
11- 2
10- 8
10-8
10-8
9-28
9-28
9-28
10-15
9-28
Railway & Land
Gear
6%
Co.
Portland
Pacific
Public
Panhandle
5.60 '4
Service
Pepsi-Cola
&
6'44
$1.30
64
$4.50
10-15
10-15
10-23
10- 1
10- 8
9-30
$1.40
Co.
—______
preferred....,
common
(quar.)
$1(4
30c
50c
50c
t$3'4
10- 1
*
10-14
10-15
9-30
11- 2
10- 9
9-22
10-20
10-17
_____
30c
10-31
15c
10-15
15c
10-15
15c
11-
—4___;
______—____
________________
$1.12
9-28
10-31
(quar.)_____—__
(quar.) —
Products" common
preferred
—
——
preferred
Purolator
10-29
ll-'2
50c
______—_______
Governor Co.
Tool
+$1
.'
Co.
9-30
9- 5
9-25
9-30
9-30
32'4c
(quar.)
(quar.)
„•
9-30
9-21
10- 1
10-14
10-14
(quar.)___
Co.
Perry-Fay Company
Pierce
pfd.
■
preferred--
Pipe Line common
preferred
preferred B
Davis
preferred
Cement
Eastern
I
common
partic.
non-cum,
Pacific
6%
(Irregular)
Co.
9-30
1
$2
50c
25c
10c
10c
Company.—
Brewing
Olympia
75c
iSpokane,
l_
Phillips-Jones Corp. 7'4
Texas)
(irregular)
(quar.)
$7 prior pfd.
Public
7'4
Plomb
Light
non-cumulative, preferred
Guaranty
(quar.).
25c
Co.
Indiana
Northwest
5
9-30
50c
prior preferred
Penn Gas
5(4'4
Oil
7c
.
10-15
12c
20c
preferred
preferred
preferred
Northern Ohio Telephone Co. com.
5*4 preferred
(quar.) __________
4,; 6'4 preferred tquar.)
10-24
■■■■■i/.y'lYX %-;■:
i 12c
Co.
Merchandise
64
..
Oahu
(initial)
class
•'i'
.'
;
common
Royalties, Co.,- Ltd.
General'
8
held
;
(s-a)
Corp.
Fyr-Fyter Co. .class A
>Garner
10-
July 15th
on
;/<•■ Sept. 30i:?>;;.;v :;,£■>■
••
'Fort Pitt Brewing Co.',< (irregular)
Fort
____
10-17
Inc.—
Mutual Trust-Fund
Foote
'.z
Screw
Products
-Firestone Tire
Franklin
9-29
12-15
10-1
&
.(irregular)
11- 2
10-15
Ltd,
N. Y. & Richmond Gas—'
,
9-30
10-31
2
$1
(quar.) _ ___
Insurance Co.__ ____^
England Fire
9-18
•9-
(quar.)
(quar.)
Telephone
Brunswick
11-
9-15
,
preferred
conv.
1
v 9-30
6 *$?•.- prior
Brothers, Inc.-—
New-Bedford Gas & Edison Light Co.
11-16
10-28
Fibreboard
—
11-10
10-
tl(4c
Ferry
conv.
Ne,w
10-10
Ltd.
9-20
9-25
11-
:
10- 1
11-5
11-2
Petroleums,
10-1
1
10c
Federated
10-1
10-15
11-16
i$2
(spcum.)
—
9-25
Grain Ltd.
preferred
10-15
$2%
(s-a)__
9-25
10-15
Pipe Line-Co. ^increased)$1
6'/2%
class A
Motor
4%%
Gas Corp.
10-15
9-25
10-
40c
9-15
1
11- 2
9-30
15c
(quar.)
10-
56 (4c
$1(4
:
10-1
10-31
50c
(quar.)25c
.
25c
— —
(quar.) __
30c
1
(quar.$1(4
(s-a)
pfd.
& Stores Corp.—•
preferred (s-a)
Bearing—
preferred (quar.)
prior
,
^
$1(4
42»4c
10-
75c
.
$1(4
10- I f
9-29
94c
9-30
9-17
25c
10-1
9-22
25c,;9-15
$1%
9-30
9-19
: : t$l,:.' 10-20
10-10
t$l
10-20
10-10
$1%
9-30
9-23
$48c
10-15
9-30
15c
10- 1
9-24
37 (4c
10-20
9-30
62(4c
10-20
9-30
15c
9-15
9- 5
37(4c
9-28
75c
;
Ltd.
4(4 %
Electric
non-cum.
$1.50
9-28
15c
Group .Associates
$2.50
National
9-26
10-15
$1V4
(quar.)
7
'___
9-30
10-15
(quar.)!
12-15
10- 5
National Shirt Shops (Del.) common (irreg.)
$6 prior preferred
(quar.).._—:
Negus Mines Ltd.
5c
50c
__________________
Corp.
common
Nanaimo-Duncan Utilities
10-31
17J4c
preferred
10-5
(quar.)___/,
(quar.)
.
$5.50
common
Co-,
preferred
Narragansett
.
9-19
11-15
10-15
9-18
10-
25c
pfd.
1st
National Manufacturers
10-
11- 2
9-30
4>
(quar.)
5%
Products
common—_______
preferred (quar.)
Mutual Telephone Co. (Hawaii)
11-16
9-30
9-18
11- 9
$1.31.(4
25c
(quar.)
Co.-
Cement
preferred
5(,f
1
10-15
12-
9-25
10-10
9-30
9-30
8-15
9-22
10- 9 '
10- 5
10-15
10-15
9-30
__
Mo.)
Co;:commqn- (quar.)—
Federal -Water .&
-."First
10-15.,'
9-24
9-24
9-24
10- 1
10-15
10-1
10-15
9-15
12- 1
1-2-43
10-13
preferred
(I.) Sons .8% preferred--,.—-,—-.Monroe Calculating Machine 7% pfd. (quar.)
Montreal: Telegraph
Co.
(quar.).
Morris Plan of America 6% pfd. (quar.)
Mountain; States Power common (quar.)—_
9-30
$2.95 :; 10- 1
$1(4
10-17
10-10
10-20
10-15
; 10-15
9- 1
9-30
10-16
10-15
10-26
11- 2
10c
(reduced)____
Corp.
(quar.)
Coal
Falls
prior
Parke
J$1.37V4
(reduced) '(quar.)
V
20c
(quar.)_____
.,
(Brookfield,
$1
Co. l_
Magnesia-Talc
pfd.
________
(Quarterly*
Auto
$1
—
Telephone
Sl'/a
$1
Mills ' (quar.)
Associated
'Atlantic
(quar.)
(quar.)
Quarterly
Arlington
$49-30
68%c
10-15
J68%c
11-2
1
9-19
10- 1
10-
50c
•;
Q'/r
9-30
10-
1
10-15
$1.62(4
50c
-
________________
Miller
5-15
Federal
9-28
lOr.l
&■ Co.
1
Eureka
10-24
10-14
10-, 1 -V 9-17
10-15
10-10
10- 1
9-19
10-15 • 10- 5
11-16 ^ 10-27".
'
_Ar.^25c
Elec.
Cotton
(quar.)
pfd. (quar.)
Anglo-Canadian Telephone 5'/a%
SlVi
Norton
Employers
When Holders
payable of Rec.
.
(Irregular)__
common
Corporation 6'4
Eastern
75c v
$l,3/4
9-30
$134 ' * 10-15
$IVi
; 10I
$1
(quar.)
.5% Jpreferyed/(quar.)
Dravo
Duff
^
(W. E.)
A
class
7%
Corp.
lc
;Dow: Chemical
i«
Department" in the week when
The dividends announced this week are:
*
l'/a'/i-
preferred (quar.)
Gold Mining & Milling
Company
6%
'
Heqting Co.
Light
preferred
Millers
v
$1(4
Service
(final)
10-15
11- 1
.
County Gas & Electric—
Middlesex
2
.;
declared.
.<
11-
6%
preferred
(quar.)__^_____________i_
Detroit-Michigan Stove Co.—
5% preferred (quar.)
ord of past
Investment News
12-
6-1-43
9-30
$1(4J;
(quar)
(quar.)
Portland
+
9-23
9-10
9-25
10-13
9-19
9-19 '
9-30
10c
preferred
common
Marmon-Herrington
1
.
preferred
Dean
previously announced, but
'which have not yet been paid.
Further details and rec¬
and
10-
lOc
Consolidated
Vilbiss
i-Tfa
show the dividends
we
10-15
(s-a)_____
Management
Co.
Electric
5Va 'A
7
10-! 1
(quar.)
Public
(quar.)
10-
10-31
$134
125c
(irregular),___.
Cross Gear & Machine
follow with a second table in
we
?
non-cumulative
Co.
10-10
$1(4
(Semi-annually)
6'f
10-15
12'/2C
(quar.)
Connecticut River Power Co.—
are
week.
pfd.
Ltd. common
Connecticut' Investment
:
5'/"
we
T/o
preferred-_L__L__________
red. conv.
Columbia
Cresson
current
Lowell
10-15
Louis
____________
(quar.)
.Colon Development' Co.;- Ltd.—
Consumers
first
Co.
25c
Corp
—_i—
preferred
U Metropolitan
(s-a)/
•
Consolidated Car
Dividends
(quar.)
Yards
Belt
6'/a%
10-3
10-20
Link
'
9-30
10-15
10-15
9-25
32-15
—12VaC
20c
C; 31(4c ^
Keystone Custodian Fund series B-2 (irreg.)
80c
Kingston Products Corp. 7% pfd. (quar.)__v.
$1%
Kohler
Corporation (quar.)
25c
Krueger
(G.)
Brewing Co
—____12'/2C
La Plant-Choate Mfg. $1 conv. pfd.
(quar.)
25c
Lazarus
(F. & R.) & Co. (quar.)fx./.
35c
Lebanon Valley Gas 6'/o
prefererd (quar.)_
75c
9-10
10-15
;J25c
preferred
$5
Water
Clinton
tSee Volume 155.
•Announcements in this issue.
Co.
Ry.
Cleveland-Union-Stock
2
;
.
t$3Vi
•preferred:'_---™_____i-;_
Cleveland,. Cincinnati, • Chicago & St.
1
Oct 23
Nov 2
—Nov 15 '
—Oct 26
due 1947.—
preferred stock
Alberta, 1st 6s, due 1937-1948.— Jan
Grain
&
Elevator Co.
Ltd.
1st 5Vis,
Reymer & Brothers,
1
,
—
!
Co. C
Co.. 1%
Medusa
1st
.
1st & ref, mtge, 5s, due 1944
,
Jan
Niagara Falls Power Co. 1st & ref.-3.Vis of, 1936———Dec
Olympic Inc. 1st mtge. prior lien leasehold bonds dated
Outlet Co.;
1154
Oct 19
,
(quar.)_
(James R.> Corp.
Kennedy's,
Inc.
common
$1.25 conv. preferred
(quar.)
9-10
■
,
Tool
Machine
-Utilities
Luzerne
Wz'Io ?preferred' (quar.)
V-.
preferred
(quar.)______
;t Lima Cord Sole & Heel Co.__-_
-Cincinnati Postal Terminal & Realty Co.—
_
(quar.)______
.
10-15
2
.
.
.
2
2
2
11-
$1
—____________
Store Products—
$L50 conv. preferred (quar.)
37V2C
Chiksan;Tool/Co.'cpmmQn.(quar.5c
•
9
11-
$1.16,»,f
$l'/2
—_
AccumulatedChain
10-
•
(quar.)__
9-28
11-2
9-12
10-25
11- 2
11- 2
10- 1
1-2-43
9-30
10- 1
11- 2
lc
25c
$1%
20c
$50c
30c
25c
50c
$1(4
$134
——
________—___
preferred
1050
/
v>
'
6%
1
2
Y.)
(N.
'
10-15
9-10
9- 4
9-15
9-30
11-14
9-15
$1(4
8%c
Kearney
9-18
10-
of Rec.
9-30
11- 1
9.-21
$1%
tl5c
35c
$1%
J
6%
Co.
(Semi-annually)
-Kansas
9-30
11-
Holders
When
Payable
!
preferred (quar.)—
Allegan & Grand Rapids RR.—
Kalamazoo
10-10
$3
K
.
•
•
(quar.)
common
Public Service
Iowa
5
10-15
on
7"-.9-30-7-"-S-ie ~
Illinois Zinc Company
25c
10-30 '• 10-15*
Incorporated" Investors
■
20c ;
10-31
10-10
Indian Motocycle Company
30c
U-'l
10-21
Indianapolis Power & Light—______——_
30c
10-15
10-10
9-21
10-20
due
V 1
Joplfn Water Works G'i
9-21
9-30
$114
______
(quar.)__
(Mass;
10-
'
.
9
9-30
denoms.
share
'i;
Power (quar.i
Ltd. (quar.)
& Thrift, Ltd.
International
10-15
10-10
in
and
$500,
Sept. 1 from 1943 to 1957 incl.
Finance
Brothers
Howes
10-15
2
11-
sold to
was
1942,
1,
and
<quar.)
I'M
1st preferredf ~Vb. "2nd preferred
•.:
11-
$1V*
$119'
Sept.
$1,000
(quar.)
Drugs, Inc.
& Hardart Co.
Horn
;•
10-15
ll-< 1
<quar.)__
school bonds
Water
Dew,
Honolulu
9-30
J37V2C
(quar.)__
(irregular)
Process
York
Central Power & Light Co.
•
Ry.
pfd.
4?4
Power
of
Name of Company
*
preferred
.Honey
10-16 r
;
,
Jp
Dated
duly
transfer
Development
Sugar Corp.
7';l
Holyoke
1
9-26 K
#
'
by
4%
'
Paul Gonthier & Co. of Montreal.
registered
or
-
Holly
Holly
;>
$1.8813
000
^
issue of $250,-
Stock
/
•
9-1
10-26
fp-/
\ '
;
preferred/(quar.)
Carolina
.Central
;
1 f'
1
1 ■'
7
I
Co.,
Bonds Sold—An
redemption
of
School
Catholic
District, Que.
Highway Safety Appliances, Inc. class A
10-20
10-15
10-
(irregular).,
Manufacturing Co. common
(Philip)
6%
the
case
Roman
dividend equal to 10c per share,
1-4: payable in new 6% preferred stocks
Hat
Corp.. of America eVa.'/ipfd. (quar.)
it Hawaii Con.
Ry., Ltd. 7%> preferred,.—__
Hawaiian Electric Co., Ltd.
(quar.)
Heath
(D. C.)
& Co. I'/o
pfd.;<quai\)____ v
Hercules Powder Co. 6'/t>
preferred (quar.)
10-15
11-
$1V2.„
;
:5^':'':prefrred -f(quar,i;--____..„_______
.
.,
■*
Bronze
QUEBEC
Verdun
i; Harvill Aircraft Die- Casting Corp.—
; r
6
5 3/'10c
,
•
coupon
?
se¬
Sept. 1 from 1943 to 1962
on
no¬
surrender
>of
and due
1942
1,
Per
9-21
11-
7
preferred (quar.)
Foreign Investment
Carey
•.
I'.
Great
5^
-
Canadian
„
bonds, ser. A, due 1956__Nov
mtge. <fe coll. trust 6(4 %
;■
.
15
bonds due 1943—_Nov
Inc.—
10-
9-30
15 2/10c
regis
(interim)
and
:
•
9-25
10-
prefererd (s-a)__
;
Ltd. common (quar.)
nom-cumplative
;
,
2
1
I 11
.Denver Tramway. Corp. gen. &
Eastern Car Co.K Ltd.,
1
10-
Sept.
Holders of
case
Hook
,
&
series D, due 1996„—:
;
•
9-25
12-
tSlVi
(s-a)_
/
10-20
$1% •
10c
20c.
$10
,
of Rec.
Ltd—
pfd.
regis,
incl.
bonds.
improvement
$53,000
rially
fraction
for redemption and pay¬
Canada >Iront/Foundnes—
improve, mtge. '3 Via,
'
—.—_____—___Nov
1
Community Power 4c Light Co. 1st mtge. 5s, due 1957—Nov 17
Connecticut Light & Power Co. 1st & ref. 7s, series A,
i
dated
_„_:.__-_________-NoVr; 1
Ohio;Ry."1 ref.
Chesapeake &
ord.
for
Dated
redemption
assignments
10-15
10-
12V2C
•
■
.
10
dep. ■ rets;
of
principal
accompanied
9-30
1
in
and
10-26
$$lV2-
.
(quar.)
Hvush-Moore- Newspapers .■§'}«;.
Lquar.)
Bushc; Terminaf ;Co^ 6 ',W pr^ferred_i,__v__—
■ByersntA. ;M. >: Co. ^ 7^
preferred, representing the".quarterly dividend of $1.75 "due
r May
1,- :-194i/'.and interest ■ thereon
:
\1146
.
deposit - rets.* of 5 '!o
Amer.(
.
V "series: H, ,due-^1968_i____L—-—————.Oct
Central Ohio Light & Power Co. 1st mtge. 4s, series C,
i "'due
Co.
Co.,
Tobacco,
Amer.r
;
Atlantic Coast
(quar.)
Stores .Inc., common
Shoe
American
British
1145
due 1950
Oct 26
collateral trust 6s, series
extended)
(as
Utilities Service Corp.
American
26
1943
deb. due
10-
25c.
:;H.UCpmpany^_^j.
Bntish-AmeTican '.Assurance
1145
Inc. 49*
(quar.)
.prefened ;(quar.)
•Bireley'a -Inc.—Bioomingdale Brothers. j.___—__________
Boylston Market-Association
;—
bonds,
5'4
conv.
1944
1.
Machine & Metals,
American
V
collat.' trust
15-year
10c
50c
50c
$1 Va
:
•Beatty/Brothers^Ltd;6%1st pfd.
number gives the location in which
given in the "Chronicle."
page
premium
until
bids
sealed
Oct. 5 for the purchase
Holder•
When
preferred (quar.)__-_
37V2C
Bathurst'-PoWei &. Paper class A (quar.)
'
$25c
i <\Class iA-;';(extra);:-:l4i--_i_--_._—+25c
sinking
under
called
with, j; in;
powers,
,10-15
Brothers.6'/o
Bartgis
of
Offering—The City Clerk
receive
5 p.m. on
plus
par
a
maturity.
present
executed
Payable
share
'
Commercial. Corp. 6pfd.
.Barber. (W.
list of corporate bonds, notes,
a
VPer
Badger Paper-Mills;
stocks
preferred
and
::
passed
recently
Manufacturing Co.. (quar.)____
Bankers
.of
bonds,
Badger Paint & Hardware Stores (quar.)._—
Notices
a
.Council
i1
'
date
from
to
them
date,-
Plant—The
Water
J'J'bkCompanv*.
Axelson
and
will
bonds,
bonds, interest coupons maturing
McMechen, W. Va.
City
special meeting
Redemption Calls and Sinking Fund
date
tified
VIRGINIA
Purchase
To
also
Brown
R,
at
of! the
1%
subsequent h to
/
Below will be found
no
received at the offering
WEST
city's inability to carry, it
L.
1934,
interest
of
Bond
Nov. 1, 1942,
mortgage
I,
Cap de la Madeleine, Que.
Village Clerk
said bonds are requested and
repealed because,
Chairman
out.
of
because
undertake
to
the
of
improvements the city is
cover
unable
be
area
bonds for. which
1/4
thereof
June 2—v. 155, p. 2143.
on
mended to Council- that the 12%
\
•
revenue
bids
v <
•
Treasurer's
<
amount for each year or
000 not, to exceed 6% interest elec¬
of 'the*
operation
City Governments
tually authorized be incorporated
in
will
The
—
Nov.
accrued
$7,000,000, 000 issue will add more than $200,- the ;Board of Commissioners, re¬
according to City Comptroller, J. 000 to the
City's carrying charges, ports that due to the uncertainty
Maurice Miller, who appeared be¬
to be paid from current.; revenues. of times and conditions, the Board
fore the Finance Committee on
v
Call
works
dated
almost
to
Eond
calls for payment on
water
charges for each $1,000,-
carrying
Village
CANADA
WISCONSIN
Stratford, Wis.
will cost approximately $65,000
by
' /!"
•
the
at
WASHINGTON
*
''
r-;
.
purchase of the Ben-
wood-McMechen Water Company.
Comptroller's
*
finance
"
Helen Dickin¬
amount for
School.
son
City Council in the past year
amounted
like
a
The
—
Ninth
new
of the group will be called short¬
$635,000 for
area,
Virginia Mechanics'. Institute and
discussed, and various
other
Large Bond
annexed
$300,000 for the remodeling- of,the; recommendations.
Which has to be done at this time
Flans
the
in
volving partial use of the Federal
funds on sewer construction work
also will be
improvements
clude $1,500,000 for
ably will have to be delayed un¬
til after the war.
Questions in¬
1199
9-30
9-30
1
10-20
11- 1
10-20
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1200
Monday, October 5, 1942
-
Holder sy
Per
Narne of Company
Rhinelander
Island
Electric
Rhode
Island
Insurance
Rice
class A
(quar.)
50c
Richmond
Bon
Boston
Edison
10- 6
11-16
Boston
Personal
10-15
Bralorne
$1%
San
preferred
11-25
11- 1
9-25
12-23
12-23
Jose
%
$6
Works
Water
Shaler
Silbak
A
c.ass
B
quar.)j4_:—.
t
Ltd._______
Mines
(Robert)
6'4
50c
Snap-On
6/4
Spicer
Pulp Co.
Corp.
4Viz (4
Edison
6'4
C
preferred
Sun
Canada
of
Oil
4 V2 (4
Co.
Texamerica
Oil
.015 share of
Water
(N.
J.)
&
Corp.,
Ltd.
Cold
S.
$4
Ltd.
Victoria
12-
10-16
Michigan
*
25c
7(4
:
preference -(accuih.)-___;
Ltd. (quar.)1
participating
Canadian
Fairbanks-Morse, 6(4 -pfd.
General
Canadian
10-10
Canadian
5*
Malartic
Canadian
Tube
Gold
Steel
&
10-8
10-10
Central
Aguirre Associates
10-10
Central
Hudson Gas &
11-16
Carman
8-20
(s-a)
vtc4
common
9-30
10-29 ; .)0-14
$1 Ve
-
11-10
444 10c
IIV2C
class
Products—
(s-a)4
:■
-
10-
Cotton
(quar.)_:
Oil (quar.)2.
Cleveland Cliffs Iron, $5
;•
Cliffs
11-14
10-15
6V2(4
Si Southern
8(4
4
preferred
10-10
10-15
10-
Commonwealth
Wico
25c
10-
1
9-22
30c
10- 1
10-15
9-22
4 6(4
class A
Wiggen
6(4
Spice
(quar.)_^^—
5(4..- preferred (initial)
Co.
4;
_i.
preferred
Terminals
Woolson
:_
'*
4L
$2'/2
;
Wrisley
7(4
(A.
B.)
preferred
(quar.) _4
preferrd
Zeller's Ltd.
"
6(4,
common
6(4 preferred
.
25c
10-
4
4 9-30
'
$ll/2
1
1
10-
1
9-28
9-28
Ltd., common
preferred, class A
6%
$1.50
preferred
37V2c
Co.
(N. Y.)-—
"
•
give the dividends announced
weeks and not yet
dends
announced
previous
The list does not include divi-
paid.
this
preceding table.
week, these being given in the
'
«
V
in
S5
>
$7.50
u,
*'r
1
Name of Company
Per
;'4-
..thare
When
Uoldert
Payable
Abbott
10-10
9-23
10-15
9-30
Air Reduction Co,
25c
10-15
10-3
25c
10-15
10-3
11-
10-16
(quar.).—^.-4.
__v;
Alabama
Albers
Allied
Power Co.,
$5 preferred
Super Markets.
Stores
Corp.
Mlg.
Aluminum
of
6(4
Co.
preferred
?
10-
1
(quar.)___
12-29
12-19
15c
pref.
Sl.Vi
10-20
9-30
2
9-14*
Aluminum
Manufacturers,
Mfg.
$1V2
44
Co.
7(4
pfd.
10-
9-30
$1%
(quar.)_
9-15
1
15c
9-15*
12-31
12-15
50C
12-31
12-15
$1 %'
12-31
12-15
50c
10-31
10-15
$1.06V4
10-15
10- 3
25c
10-15
Amerada
(quar.)__A_^_^_
Petroleum
(quar.)__________
Corp.
American
Airlines,
American
Alliance
Insurance
American
Asphalt
Roof
6(4
preferred
American
$4.25
>
.
iquar.)_4_
<quar.)(
pfd.
Corp.—
,
(quar.)
SIVa
...
American
Coal Co. of Allegheny Co;_„_____
Dist. Telegraph, 5(4
pfd. (quar.)
Envelope Co., 7(4 pfd. A (quar.)__
American
Export Lines, 5(4
American
Fidelity
American
Fork
American
&
&
American
Home
American
6(4
Casualty
Hoe
Light
preferred
Co.
Co., 6(4
Products
10-15
30-
11- 2
10-15
American
Rolling Mill
_L_
(quar.)__i
Maize-Products,
4V2(4
convertible
37'/ac
j4,:
(quar.)___
preferred
4
(quar.)__.
Safety
$1V8
Seal-Kap of Del. (irregular)___r_
Smelting & Refining, common
1st
American
5r4
Razor___
preferred
Tel.
Trust
4(4
Tel.
&
Co.
convertible
Wire
Anaconda
Associated
Atlantic
5(4
Dry
Co.
Baldwin
6(~4
9-15
10-15
10-19
7(4
2nd
7'/2(4
10-23
9-30
10-
9
9-29
&
Wilcox
Co.
•;%
50c
12-' 1
Co.,
11-
10-31
1
,
%
9-30
$iy2
10-10
(quar.)_
37V2c
10-15
10-
1
(quar.)_______
37'lic
10-15
10-
1
com.
com.
10-15 %
•(quar.)_A',*:.;;%r50c
preferred
$ll/4
(quar.)_
10-15
9-22*
9-19
10-2
10-22
Common (quar.) payable in U. S. funds
50c
9-30
8-31
10-20
10-20
10- 5
10- 5
12-19
9-16
7(4
($5 par) <quar.)______..__._;_
8%c
7%
($100 par) (quar.$1%
Interstate Department Stores, common__.___
25c
1% preferred (quar.)
—_______
$1%
11- 2
10- 3
11-2
10-3
10- 3
Investment
Clinton
RR.
(extra)
&
Deere
Dentist's
7%
(irregular),——
(N. Y.) common (quar.)___
Company
Supply
preferred
$1-
.
,
•'
Mfg.—:—
^
12- 2
12-23
12-23
Investors Fund
12-15
11-16
Iron
10-15
9-25
10-26
10-10
$2
1-5-43
12-19
$1%
(W. S.) Clay Mfg.—
A (annual)_____———__
12-23
Jarvis
10-10
Jeweir Tea
10-20
10-10
10-20
10-10
$1%
(quar.)___________________
15c
$1
>
Ltd
;
(reduced quar.)—
It- 2
't$2
9-4
11-1
30-19
10c
10-28 %: 10-10
Kaufmann
Company
5(4
* Tl-
preferred
Kerr-Addison Gold Mines, Ltd.
(reduced s-a)
Kroger Grocery & Baking—
'
,
,
6%
preferred
10-20
Lane Bryant,
12-17
preferred (quar.)i___i^_;i_:—i.—_—
$1'V«
10-24
Light Co.. 594 preferred (quar.)__ •
$iy4" 10-15
Eason Oil Co., $1.50 conv. pfd.
(quar.)—_ —
37y2c
10- 5
Eastern Mass Street Hv., 6(4 - 1st preferred— >
tSlMs*-.
10-15
Eastern Steamship Lines, Inc.,-com. (resum.) -;
; $1'
10-15
Economy Grocery Stores (ouar.)—/
25c -10- 9
Electric Bond & Share Corp., $5 pfd. (quar»)
V. $W4
11- 1
10- 9
9-15
i:; 6(4
9-25
9-28
9-18
9-25
10- 6
/\
10- 6
du
Pont
(E.
I.)
de Nemours &
.
:
.
7%
•
Co.,—
10-
9
iO-
3
ill- 1
10-16
1-1-43
12-24
El Paso Electric Co.
10-31
10-15
11-
2
10-21
preferred B (quar.)J—
preferred A (quar.),-—_—i—_■
Empire Trust Co. (N. Y,).: .(quar.)lii_^__"_i )
10-15
9-30
11- 1
$6 preferred
(Del.)—
•
10-10
.
•--
$114 - 10-15
$1%- 10-15
; 75c
•
10- 5
It- 2-4
-
10-24
A
10-26
10-15
25c
11-16
11-5
'
(quar.)
•
,
$1%
12-15
12-
$1.75
11- 2
10-15
6c
10-15
9-30
(quar.50c
10-15
9-30
preferred (quar.—
Ltd.—
5
75c
t50c
______
10-15
12-11
12-
s3
convertible preference
7%
Lawyers Title Insurance Co.
6%
Lee
preferred
Rubber
&
Leece-Neville
Lehman'
,
10-1
9-30
.9-30
9-25
10c
-
12-31
1">_?4
10-26
10-15
9-30
Langley's,
.■;
7%
$1'/i
—
<
,
preferred (quar.)—
7(4 preferred (quar.)—
Class
$4.50
Duquen^e
9-30
10-28
—
Sessions, common—
Common
10-15
11- 4
Langendorf United Bakeries, class B____
'!
—
:
(quar.)
10-6
$1%
12-27
;
:
>—
&
Landls Machine Co.—
9-25
10- 6
,
11- 1
Corporation—
Common
Lamson
10- 5
10-30
$2c
second
15c
15c
Dravo
r
9-23
■$5c
7.
preferred (quar.)
Laclede-Christy Clay Products Co.—
7(4
5
10-30
$iy2
(interim)____
Kirkland Lake Gold Mining Co.
9-30
10-15
10-15
10-15
11- 5
10-13
9-15
2
common____
(quar,)^_;____A__^_____-_„__
Kentucky Utilities, 6(4 preferred (quar.)___
10-15
10-
25c
15c
$l>/4
—
Kellogg Switchboard & Supply,
9-28
10-20
Department Stores_____
10-15
(quar.)
(quar.)_!'___
pfd.
10-17
15c
$$1%
7(4
11- 2
$1.06V4
9-30
& Furnace__^_T_—_______
Stove
11- 2
Co.,
10-5
10- 6
t$l%
Text!le
10-26
50c
10-30
pfd.
11-10
$13'4
10-30
11-20
5Vs>(:4
1
30c
(quar.)
i'lOc
—._
Dominion Tar & Chemical,
9-30
10-15
12-
(quar.)„_
$30c
&
Ltd
10-15
10c
30c
_______
410c
Oilcloth
(quar.)_—„
:
10-151
-
t40c
Extra
Stores,
9-25
10-9
■
Chicago RR. Co., stamped
Kalamazoo
.
Dominion
10-15
10-31
/it75c
(quar.)
preferred
„
Laughlin Steel Corp., com. (reduced)
Kellogg
preferred—
Distillers Corp.-Seagrams. Ltd.
"
> '
5(4 pfd. (quar.) payable in U. S. fuhds__
Linoleum
Co., Inc.. 4V4%
9-22
9-22
'
Joliet Si
9-30.
6c
convertible
Bank of Canada
(quar.)_________
Inc.___________—______
vtc. common
;
a
/
Co.. (resumed),_
B.)
(W.
"C"
Mfg. Co.
Fireman
*
9-30
Ltd.—
Ltd.—
convertible preferred
6(4
^12-23
25c
class
Mines,
Canada,
"•
>
.
% 9-30
Jones &
Products________u—
Stores
of
Co.
Foundation,
75c
1
Dickey
Dikie Home
'
$1
preferred
preferred
25c
"
(s-a)
(quar.)______-_____
Nickle
30c
Steel
SI
International
11-20
.
;%50c
(initial)
preferred
t$2
$4 conv. preferred-.__
_______
non-cumulative
10- 6
10-19
International Minerals & Chemical Corp.—
$1%
y;;;
(quar.)_____
Detroit
6(4
r-
1-2-43
v
11-14
12-5
11-2
Port
&
12-1
Detroit
12-15
10c
Culver
7c
ot
Harvester
12- 5
$1%
Corp.- (quar.)
participating preferred
6(4
12-15
25c
4 Cunningham Drug Stores, common (quar.)__
6(4 preferred (quar.)__i—___—$1%
6(4 class A prior preference (s-a)—
4
$3
Dayton & Michigan RR., 8(4 pfd.) (quar.)__
$1
-10c
10-15
-
r
International
10-23
50c
12-10
'*
31-. 1
.
/
'
:
—___—
Much.
International Milling. 5(4
7c
Leland
•Lerner
'arnim.l
Tirei____:
Co.
••
75c
(irregular)30c
10-10
Corporation •(quar.)_A._____.—25c
Electric
Stores
Alk% .preferred
(quar.)
(quar.):
»
10-
9-28
<
'•>
8
9-25
'50c-"-.12—1
Co.:.___________i_____/^_/._,
Corp.,: common
2
(Richmond, Va.)
(s-ai
11-26
50c
10-15-
10-
2
$lVk
11- 2
,10-20
Lexington Tel-phone Co., 5.2(4 pfd. (quar.)--$1.30
-Lincoln-Natl. Life Ins, Co. (Ft. Wayne)—'
10-15
9-30
_____
"
:
■
•
?
■
-
.
preferred /qaar.)_____1
Trust
9-30
9-27
10-10
11-
(stock div.)% 2Vst'b
International Bronze Powders,
Business
1
11-14
-
,
a
Shares
Group
Insurance Group Shares
10-2
10-10
(quar./'/
$1(^Fiectrical Products Corp. (quar.)—25c..
Company—
Group Securities—
International
10-10
•
____________________
10-2
25c
10-24
..
Aviatlon
10-15
•
37V2C
1
75c
(quarterly)
12-31
30c
1
10-15
Common
9-29
1-2-43
$1%
,,
10-
10-15
50c 411- 2
65c
10-20
2
25c
(quar.)_i__
/
Bank of Chicago—
Institutional
11-
(quar.)—
}$334
;
% 4Mi(4' preferred (quar.)__-____________— '
11-
preferred
Line Co
National
12-7
•:■/..■■
1
$1
Co.
(Toronto)—
10-
62J/2c
______
Co.
Assurance
12-15
$2.50 prior pref. (quar.)
monthly______
9-30
'J
•
3'4:
$1%" 1-2-43
10-23
5
10-21
12-21
11- 2
,
12-15
11-10
10-
11- 2
12-31
(interim)
1-2-43
$2V2
-V.
15c
Quarterly
Pipe
(s-a)_v_—
(quar.)_4
Life
,11-16
J$2
quar.)__
dep. rets, for ord. shs.
12- 1
68%c
a__
(quar.)______;
(reduced
11-5
11-
preferred
(quar.)
preferred
9-30*
10-79-15
SI',a
11-20
11-25
Refining Co.—
Mils,
American
t$7
6
convertible
10-15
12-23
Common
50c
'final)
Hussman-Ligonier, common
preferred-a
% 9-30*
10-15;
,
t50c
Imperial Chemical Industries, Ltd.—
preferred___
Badger Paper Mills, 6(4
Bankers
9-30
10-15
Coast line RR.—
Monthly
Bsbcock
10-15
$2.25
'
(ouar.)______
preferred convertible A
Avondale
,
(reducedI25c
Cable
Atlantic Ravon Corp.,
4(4
10-2
Corp., 6(4
9-30
;;
$2
Domiivon
Francisco)—
(ordinary regis.)
Goods.
10-31
$1%
(quar.)
(San
non-cumulative
Atlantic
$1%
,
6
(interim)
75c
preferred (quar.) ___________
Dominion
11-
Co.
9-23
10-10
4(4
9-30
,
:
(irregular)• ( 15c
Common
10-23
10-20
11-30
Co.
7
9-30
Dominion
(Abilene, Kansas)—
preferred
&
Anglo Iranian Oil
4
Shoe
Hummel-Ross Fibre
.,
10-20
10-
Corp., common ,(quar.)_:.(':;;.^;A $1
(quar.)$1V4
preferred
Imperial
10-24
.10-30
-
Finance
'
,
10-24
15c
_
10-1
9-15
11-16
15c
50c
.
(quar.)___4
preferred
American
9-28
12-
10-15
25c
(quar.)__
Telephone Co.
American
10-15
12-15
Household
,4 9-25 i:
10- 3
11-16
11-
toe
Humberstone
5y2(4
10-lS
11-16
$1
Monthly
5(4
2
75c
(quar.)___:_l__
Spencer Bartlett & Co. (monthly)
Hollinger Consolidated Gold Mines—
Plantation
9-30
25c '.10-24
—
Hlbbard
Honolulu
10-15
(quar.68%c
(quar.)
preferred
6
10-24
11-30
Dome
American
7(4
2
10-15
$1%
Co.—-
American
American
11-
25c
common_______
7'4' pref.
Goods,
5
convertible
$4
-
11-1
$1%
(irregular)
Inc.
10- 8
*
10-15
10-14'
11- 2
Light
Industries,
Hershey Chocolate
10-15
.
9-30.
16-1
\ 10-20 .V10-
(quar.Sl3.4
(quar.)______
9-30
10-15
10-15
(
;
*
■
,10-15
12-20
&
30c
Electric
pfd.
9-25
,'
-10-20
Gasket
20c
7(4
Gas.
10-15
5
10c
Detroit Hillsdale & South Western RR.
$lJ/2
(quar.)
Hayes
preferred
Indiana
—
Detroit
(ouar.)_
Hartford
Co., 794
Industrial
(quar.)—_____
9-15
(monthly)__
(A.)
10-
$iy2
'
9-30
'
?$2»^
(quar.)
5
9-18
10-31
$1
mia
'
10-
30c
(irregular
Forster, common
Co
9-30
preferred
"
9-30
10-15
2
10-15
:'(/ ■: 60c
(quar.)_
v
1 (
10-15
;
" :' 70c
pfd.
conv.
11-16
$1% ' *'10-15
——
Common
Crum &
Edison
10-10
preferred
Paper
11-15
$2.40
11-
"
lH- pfd. (annual)
Water,
Brothers Co.,
6%
'rv
—__i—*
12- 1
30c "
9-30
2
10-15
25c
1
•
Indiana
>
11-25', 4 Detroit-Michigan Stove Co.—
7%
preferred
(quar.)__l__
1
~
'
10-15
—
Detroit
15c
(quar.)
pfd.
Corp.
American
".
4
10-15
12-
(irregular)
(Montreal).—
Amer.
10-16
(reduced)--
9-25
10-15
:
Sl'A
(quar.)
Traction, common
American
50c
Sl'A
$1%
_
Brewing
Imperial Bank of Canada
—+$3
9-30
10-15
Co.
Western
u_ 2
e-
10-1
J$l%
r.50c
$1%
common—
preferred
Derby Oil & Refining,
...
A
Corp.,
Bessemer
<H. L.)
11-14
(quar.)
10-5
11-
__.|t
(quar.)____
class A pref. (quar.)*;:
(quar.)^____'_>._____"_,
$iy8
(quar.)
Creamery Package Mfg._________________—
Credit Utility Banking, class B (quar.)______
Crocker "Wheeler Electric-Mfg.—
Common
(irregular)—-——
' 9-18
(quar.)
■
preferred
7(4
8(4
(quar.)_______—
pld.
special preferred.._____
C0c.
Insurance
Power Co.,
12V2c
>4
•
_____
participating preferred (quar.)___.
Rubber, 60c. special pfd. (initial)—
Cooper
America—
Goods
(year end')
Corn Products Refining, common
10-1
25c
Inc.
$1%
Co.__
Aluminum
Common
10-15
(quar.)
common____
ABis-Chalmers
Corp.. of America
American
__—j—______
Associated Tel., $5 pfd.
4
(quar.)___-_______._ 4
11-2
( 2^c
■*
Quarterly
-
(quar.)____
Corp.
-10-20
t'25c
•
Valley Brewing
10-15
»
Converse
of Rec.
Laboratories, 4(4 preferred (quar.)
$1
Addressograph-Multigraph Corp. (quar,25c
Affiliated Fund, Inc.
(irregular)___________
3c
Extra
Oil
6c
$1V4
~
i
;
10- 1
$1% >411- 2
4
.
$1V4
——
11- 2
-
Continental Telephone Co., 6'/2 (4
7(4
i
preferred
Consolidated
Container
.
(quar.)
preferred
Consolidated Laundries Corp.—
>
10- 9
;
.
10-26
Halle
••
_
(s-a)__
;;;4$1V2
40c
10-15
10-
5
Employers
Erie RR.,
Casualty Co. (Dalias. Tex.) ;(quar.)
$5 preferred A
(quar.)__„Z_i____
- -
A
;:5 $iy4
412- 1
11-20
t
(
9-25
10-15
1
,
9-30
10-1
11- 2
.
(quar,)__
(quar.)^r
$1%
(quar.)____:
Edison
——-
11- 2 1
.
v
5c " 10-15
4h' $1V»
$1%
pfd.-(quar.)
10-17
10-
,
Cigar Corp., 6J/2(4
10-20
\
}
Harbison-Walker Refractories Co.-^
(quar.$iy2
partic. pfd. class A (quar.)_
cum.
Consolidated
•
Mining Co.,-Ltd.
Gulf Coast
"
-
*
10-15
7(4
we
-4,
-
2
10-24 '' *
35c '
•
7
10-
11-
10-10
10-31
> - • '
4 t$ 1 i/a
(quar./J.--,-^—•'(
10c
(Toronto)—
^
/.
(Boston)—
Extra..
10-14
11-16
9-30
10-20
u
75c
10-31
-•
10- 2
t50c
10-22
10-15
9-30
11- 2
2
10-15
10-26
Great
>
11- 2 4
10-22
11-
-
2
Grand
11- 2,4 :10-15
10-15
9-30
10-15-
10-15
-10-15
11-
'-'25c
,
10-15
'
1
(quar.) -/.
$iy2°
(interim)__„____;A / t2c
Golden State Co., Ltd., (quar.)____
/.
20c
Gotham Hosiery Co., 7(4 preferred (quar.)_
/'v $134
Belt
Harrisburg
.
11-
11-1
Gold
9-29
-
11-1
20c
Gimbel Brothers, Inez, $6 preferred
-
Harris
4c
(quar.)
Trust
interest_^A—
9-29
;
9-30
60c
-•
Gillette Safety Razor, $5 pfd.
Gilmer (L. H.) Co.__„__J
9-29
-
10-24
(quar.)_/L_i__A_l__^. '
-General Motors Corp., $5 preferred
412-31.4*12-24
10-15 4* 10- 5
V,T0- 5 L. 9-25
7(4 preferred (quar.)—.
$1% ( 10-5
9-25
Consolidated Chemical Industries, Inc.—
v. 4
.1 j {.
\
>
Consolidated
Below
4
i
•'
35c
preferred.—
Gas Co., 7(4
Benef.
;
—
Conn
10-15
$1%
______
(quar.)
(quar.)
Co.
Life Assurance
Quarterly
(C. G.)
5
9-28
10-
,
Investment
(N. H.)
Confederation
9-28
i20c
10-31
{13742 4 10-31
iquar.)
Concord
(quar,)__________
'
9-30
$1.50
(quar.)__-=_-
common
preferred "(quar.)
'
-
110c
Commonwealth Edison Co,
common
-
■
(quar.)—
11- 2
Co.
Co.-8-
(quar.)___________f. $1.63
(quar.)_
:
.45cJ
preferred (quar.)- —___•_
!
$1 Va
Wichita Water 7(4
preferred (quar.$1%
Electric
Electric
Ohio
Investors
.
11-2
10-17
; 20c
fquar.)^J__A_
<quar.)____i._l:___
Foods Corporation—
preferred (quar.)
$4.50
General
9-16
10- 5 4
20c
preferred
General
10-19
4
,
,
15c
j:35c'
Co,
9-15
10- 5
Commercial Alcohols, Ltd,', common
9-28 4
'
$4.50
t$l%
- -
Corporation
Columbus
9-26
1
preferredll.i___'-___
'
'
Capital
9-30
_
V
Sept. 30th
on
10-24
'
.
Electric
Guarantee Co. of North
•
•
common
Corp.
' i
'
11-20
11- 2
to
common
Griesedieck
•
_
Co.,
9-30
12-1
'
increased
it:""
Green
T
10-15
Corp.-r-
was
preferred
11-24
1
.
(quar.)—./'{a V30c
9-15
- •
$ll/4
^
I7y»c
25c
dividend
9-15
~
(quar.)
,
5
10-
11-30
General
Great Lakes
>11- 2
pfd.
12-31-12-23
40c
class AA tquar.)____
Baking,
9-15
'
\
Machine
meeting held
General Finance
7c.__ 10-15..4.9-30
$1V2
j
&
9-15
•
>
10-15
$1
;•*>
(quar.)
conv.
t
$1
(quar.)__
'(quarj^A^ '
(St. Louis)
•
(irregular)_______
:15c •' 11- 2
Corporation (irregular)^_i (/t"ifU''22c ^ 10-10
9-30
'
) 25c .( 10-15 4,
7 (^ preferred (quar,)__4_- 4:' $1%'
10- 1
City Investing Co.,
—
11-1
20c
-
preferred
10-15
F.)
Jersey City
9-30
'
9-12
1
i$1.20 4» j0- 1
__
A
C'__l_4i-!--_4_'_J:_(4__i:4_ij;i_t$0.09375
9-23
9-26
12-
43%c
(s-a) __li.__
preferred
:4
10-15
10-26
————
9-30
t37'/2c
Fund,
10-15
10-26
-9-30
f$0.10937
—
10-31
Co., 5(4
Denver
10-10
<
25c
(S.
20c
(quar.)____
(quar.)__
Gear
9-30
•:
6(4
1
(quar.),
preferred
Inc;_ (irregularl_4,s^.-4L.__._
Chicago -Wilmington & Franklin Coal Co^—- '
.„_
10-24
9-30
$l'/8
t43%c; ' i
preferred A_
preferred B
Chickasha
75c
7(4
H.)
a
10-1
y.
1
10-15
General
9-30
10-1-4 9-18
preferred B_________________________t$0.09375
Chemical
* 11-10 .4 10-24
*
common-...
Corp.
9-25
%I t.50c
4;
(quar.
States Electric Co»,
•
(quar.)___
common
Stores—
convertible
General
-
11- 2
6(4
4
$3
10- 8
9-30
' 9-30
-10-15 4
37V2c
-4-. 17c
(quar.)
com.
10-15/"
10-31
4$1
-
>.
Electric,
:
i$l%f410-15
>
6(4
9-24
10- 5
f $3
//
'>
Co.
7(4
4$1%
~
Company, 7%
6(4
9-25
10- 7
$3 t
;
_
&
11- 2
"
^
(irregular)
at
Gardner
9-30
9-30
9-15
1
;
Class A (quar.)____________^________jj__ •' :
15c
Fundamental Investors, Inc;„/_>_A___A—» J." 20c
,
,
preferred
Central
v
50c
(quar.)___^____
Foundry
Assurance
'7%
4%4M«(4' preferred
10-15
8-31
->
-
($4
Co.
of
Fuller Brush Co.,
Products—
10-15
V
4:
:
10- 6
:
10-10
10-21
$1%
Insurance
common
Extra
9-30
.12c
10-31
10-31
(quar.)—$1.18%*
K 41-20 preferred
9-30
t$ll/2
35c
$1.06y»
_________
10-10.'9-21
4:12V2c
(quar.)___
$1V2
•
50c
5
10-
Co.—
,60c convertible preferred
(quar.)
Foundation Co. of Canada, Ltd. (quar.)
Froedtert Grain & Malting Co., Com;
(quar.)
•
;
10-15
10-15
10-31
Mines, (quar.).
(M.
This
.
4 10-31 y
?50c
Investments ;(quar.)^..-i.__ ;
Industries, Ltd.-class A
Canadian
.
(quar.)_
com.
'
V
*" '»
(quar.) 4■4-4$l,/2
(reduced)l*_i__
• 15c % 10-16
(quar.25c
11-10
t37c
9-30
}
,
$43c
■
Converters Co.,
(accum.)______^_____r______
preferred. (quar.)__
Case-: (J.v I.) Company, class B (quar.)
t$l3/4 '
-
&
preferred
Bros.
> ;
(quar.)___
Stores
<fe Sons,
Fund
Common
9-21
;>
9-28
A____J4
6
3-5-43 2-23-43
10*104 r 9-30
10-15 4r> 9-12
11- 2
lO-lS"
*
•<«,
9-25
—
Steel
Chlorine
Co.—.
Canadian
%
7
10-15
10-
Fdy.
Car &
Canadian
.►«. -«».
10-
•
$iy4
Commonwealth
Westvaco
•
1
10- 7
*10/
10-20
« *
»
•
(quar.)
Corp.
preferred
conv.
.
I
-»
held
share
preferred '(quar.)
$1%
9-20
11- 2
J75c
11-2
t3c'v, 11-16
$1V»
11- 2
4
1
10- .1
A
______
Western
9-20
10-23
Foote
yll- 2(410- 5
25c
A___—(444 $1
"(quar.)____4 4; 70c
preferred
1
preferred
Bondholders
Western
10- T
7(4-
'V 9-30
,
common.
(quar.)
preferred
Fltzsimmons
■
preferred__
Fishman
10-10
;10-
(quar.)475c
$7
Nat'l Bank
10-17
"10-15
15c
Curme Shoe
First National Bank
•
11- 2
common
9-30
First
,
9-20
10- 1
"• <*
10-15
?25c
9-30
9-30
4
'
(quar.)'________l.il_
10-15
9- 1
10- 7
J50c
50c
9-1
10- 7
2'/2(4
v.;
3-12-43
10-15
(quar.)—10-15
(Win.)
Fireman's
TOd
'
,12-11
4-1-43
25c
(Marshall)
4%(4
>
•
J$1V2
$2.80
Inc.,
9-30
'' / '
7(4
preferred
(quar.)4___i_i____j___^i_4*:
$1%
10-15
' 9-30
6(4 preferred (quar.)4
: *
$l'/2
10-15
9-30
6(4 preferred series 1927
444 $l'/a
10-15
4 9-30
California Packing Corp., common (quar.)__
.37,/2c ^ 11-16
10-31
.5(4 preferred (quar.
«2VaC
11-16
10-31
Canada Northern Power, common (quar.|_4"4/" fI5c^"4410-26
9-19
7(4 preferred (quar.)^.t$l%
10-15 4
9-19
Canadian Bank of Commerce (reduced quar.) r,4 tSl'/a
11- 2:'; -9-30
5
10-
10-1
12-15
4
(interim)
Waterbury Farreil Foundry & Machine Co.
(Quarterly)
7(4
1
1
J
preferred (quar.)
West
10-15
75c 4
Baking Co. ,7(4 preferred.-.,.
_
Washington Gas Light $4.50 pfd. (quar.)_4
$5
Ltd.—
1-2-43
$2ya
-
.
$l'/2 class A
Department Stores,
&
Filene's
9-19
r
$2'/a
preferred
Field
9-30
10-15
Iron Co.___—:
G).
7(4
10-15
30c
(quar.)_______._ll__________
Borough Gas,
P-3P
10-15
t32V2c
10-
$l'/2
Ward
:
(quar.)___
quar.)______4;
10-15
75c,
(quar.)-
class
prior
$1.30 pfd.
12-15
Fenton United Cleaning & Dyeing—
10-15
(reduced
*12-18
4y4(4 convertible preferred
Feltman
$3.50 to
i
9-30
: $1%
'
_
(Syracuse,
'
preferred
Federated
•
10-2C
9-30
Massachusetts RR.
&
(E.
10-15
2
16c
.
Burdlne's,
Storage Corp.—
partic.
Vermont
*
.
11-17
.4, $1V«..
(quar.)__
tFmted Linen Supply $3.50 conv. pld.
U.
10-10
-
'10-15
California
of
(Mass.)-—
pfd.:(quar.),__-">-4%; 30c
Corp.
Paper
10-15
11-
•
$4
Oil
10-31
ji-30
(quar.)__4_.
each
for
non-cum;
Bag
10-31
California-Oregon Power Co.—
_______
common
Co.
$1
of Rec.
10-13
Federal Services Finance Corp.,
6(4
Payable
15c
(quar.)!—_1—__—•
Y.)
When.' Holders
share
Quarterly
12- 3
50c
Per
7.',
'-
(reduced)i_J:
Federal Elechic" Co.,
9-24
12-18
11-17
(qilar,)'___i—• t75c
Mines,
Manufacturing
10-5
50c
•
11-30
Carbon
Union
25c
4
N.
12-31
Calgary & Edmonton Corp. I interim$5c
California Electric Power,-$3 pfd.4(quar.)__75c
$1%
$1%
——
preferred
(stock dividendK
Towle
4
.
I
;
Name of Company
10- 3
10-24
.
(quar.)__
preferred A (quar.
(irregular)
Union
United
tfquar.) _4__
Corp.
6(4
Thermatomic
12-31
10-15
$1V«
_______--
commop
Corp.
.
;37l/2O;V-lll-15i.»'10-20
(quar.)
Consolidated
Symington-Gould
Texas
9-28.4%; 9-22
4
(quar.)
(quart)
$4.50
Insurance
preferred
Sullivan
pfd.
pfd. A
(quar.)
Brands
Fire
Co.
7'4
9-22
37'/2c
,
(quar.)/.
preferred
$5
B
Steel
10-17
'
11-2
$1
(quar.)_u.4-______—J20c
1_.
U0c
Brooklyn Union Gas Co:—
Brown Fence & Wire, class
10- 5 4
•
50c
}15c
.
$l'/2 4
Water
7(4'preferred
Standard
Brooklyn
-
(quar.)
Springfield City Water 7(4
Standard
Brooke
9-18
9-28
_—_____—50c
common
California
Mfg.
9-18
10-26
Farmers & Traders Life Insurance
(quar.)!_.___—
Pulp & Paper
Brompton
25c 4 11-5
Pittsburgh
Southern
9-20
:11- 2
Metallurgical, $5 preferred "(quar.)
9-23
10-16
(quar.)_________________
Property Trust
preferred
1
t$3
Tools
preferred
South
6(4
37V2c
7
■.
City Stock Yards Co. common (quar.)
$1.50 part ciputing preferred (quar,)___
:
Soundview
9-26
1
12-15
; 10-15.,
..$$2
'
regis,
10-
'% +4c
___
preferred
Sioux
Co.
Mines, Ltd.
10- 1
;:
(quar.)
(interim)' (coupon No. 190)
Amer. deposit rets. 5(4 pfd. regis. (S-A)__
British Columbia Power, class A (quar.)
British Columbia Telephone—
J
9-15
10-
12-31
Fansteel
(quar.)—
44
Ord.
;-
9-30
9-15
Inc.
<quar.)____
4_,—
British-American Tobacco Co..
9-30
Esquire,
62V2c
Brass
&
Co., class A
B
Extra
9-23
•
12-15
/
& Machine___i__
Foundry
Brantford Cordage Co.,
f
//'./-■
-.4—10c ,4
(quar.---A-
Premier
Simpson
—-
Ami
(Bklyn.)
Quarterly
9-25
1
of Rec.
$1
(quar.)______
(quar.)i__-___________j.'. ;
12-15"1""-* Bridgeport Hydraulic
10- 3
-.%%%
'• til Mi
(Denver)—
preferred
Co.
Class
Inc.
Steel
Aluminum
Class
12-15
10-15
37V4C
——____—
Trust,
-
10-15 ?
p re fer re d _______ __ __—.;:U;t$l%
7%
Investment
1st
10-
(quar/)________—25c
Schaifer Stores
Security
'
10-15
15c
Suguenay Power Co., Ltd., 51/2(4 pfd. (quar.)
t$l%
St. Joseph Stock Yards Co.
iquar.l__-w__—
50cr
St. Lou.s Bridge 6(4 1st pfd.
(s-a)—$3
3(4 2nd preierred
SIVa
Sanborn
Map Co.. (quar.)______—'
$1
San Diego Gas & Electric Co. com. (quar.)—
22,/2c ' :
Holders
12-31
60c
(s-a)
Hedges, $2 conv. preferred
Hats, Ltd,
10- 6
Safeway Steel Products___.L__
5(4
&
Bohn
(quar.i-»~-_-.--iU---r-—-
preferred
7(4
—
(quar.)
Ire.
Benson
Biltmore
Birdsboro
$1
Co.
preferred
10-13
——
preierred
Typewriter
When
Payable
& Savs., com. (quar.)
Telephone Co. of Canada
11- 6
11-16
10-15
common——__—
(quar.)
$8.50
Bros.
Royal
•
of Company
Bensonhurst Nat'l Bank
10-15
11-16
12- 1
11- 2
10-15
(quar.)___
common
Eell
9-23
11- 2
i'15c
t$1 Va
$1%
Ltd.
Co.,
preferred
6V
Roos
(quar.)—
Y.)
(N.
Co.
Insurance
Paper
11- 2
convertible
$2
9-25
9-25
10-15
40c
15c
—
__
Rolland
.
—4_'—,
<quar.)
ONeill Shoe
Per
Name
Bank of Amer. Natl. Tr.
9-23
•
share
"4
of Pec.
9-30
$U'2 v 10- 1
" 5c-.
10- 1
.$1
11- 2
<quar.)__
Co.___—
Island Public Service
preferred
$2
Payable
15c
Protective
Rhode
Rhode
When
share
-
•
(irregular)
Paper
-Extra
Lion
______^____—_________—-—_—.—i-
Oil Refining
(quar.)
__________________
10c
11
25c
10-15
-
.3
.
10-28
9-30
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 156 *' Number 4113
■
■
.
•
v
Holder» '
When
Per
thare■
'■
v,>
Name of Company
■
,
Lincoln Tel. & Tel.
Class
A
(Del,)
class B
(quar.)
Miami
RR.
Original capital
10-10
9-30
10-10
9-30
$iy<
10-10
$1'/#
7
11-
25c
Co.—'
—•
pfd. A (quar.)
„
*
•■v^-•
■
.
■
;
•
Lord
& Taylor, 8%
2nd preferred
Louisville Gas & Elec.
(Del.)
class, B
Louisville Gas & Electric Co.
Common
5%
preferred
'
preferred (quar.)————
MacAndrews & Forbes, common (reduced)—
9-30
2
10-17
10-27
9-15
Co., $2 class A pfd.
Bond
Fund
(quar.)
Pressed Steel
9-30
1-15-43
10-15
Car Co.,
9-30
30c
10-15
10-
10-24
,
9-30*
11-14
11- 5
4\ Putnam
9-30
10-15 V
10-15
1010-
.
5
5
10-15
10-15
9-19
10-15
Fund of Boston_____
(N. Y.), 7
7 >'..J;/ ;7 ;':
::
10-15
9-30
(quar.)——————
50c
non-cum. pfd.:
$40c
10-15;' 10- 1
9-30
10-15
Marchant Calculating Machine (quar.).—__
.37Vac
10-15
9-19
Maritime Tel. & Tel., common., (quar.)
—
'120c
9-19
10-15.
'7%•.:■ preferred
(quar,)———i.—__
10-20
9-30
Massachusetts Investors Trust (irregular)—
19c
Massachusetts Utility Associates—
7' 77
9-30
5(4
participating preferred (quar.) Ju-liw
62>/aC '10-15
11-30
11-28
McClatchy Newspapers, 7 % preferred (quar.)43%c
11- 2
10-15
McCall Corporation (quar.)—77" -35c
10-15
9-30
McColl-Frontenac Oil, 6(4 pfd. (quar.)..—
$$l'/2
11- 1
10-20
McCrory Stores Corp., 5% pfd. (quar.)—-—j
- $1(4
11-2
10-10
McLellari Stores Co., "common—4.:——^-. "
20c
11-2
10-10
:
7 6% -preferred (quar.)-—
12- 1 <
12-15
Melchers Distillers, 6% partic. pfd. (s-a)_— y *
30c
44
Mercantile Acceptance Corp. of California— 777:;';'7'':
12- 1
12- 5
:) 5% preferred) (quar.)
12- 1
12-5
3%' preferred (quar.)————
30c
Mercantile-Commerce Bk, & Tr. (St. Louis)
1- 1-4312-20
$1(4
Quarterly
9-30 J
10-15
$3
Merchants Nat'l Bank (Boston) iquar.)_
10- 2*
r
10-16
25c
Miami- Copper Co. —^4—4..———-i,w_
9-30
50c
Midvale' Company yy4.4__———4—44:
;
10- 7
V
10- 8
-30c v- 10-15
Midwest Piping & Supply (quar;)—y
10-15
t $ 1 (4 ? 11- 2
Mississippi Power & Light, $6 1st preferred10-22
37 %c V 11- 2
Mississippi Valley Trust (St. Louis) (quar.)
9-30 1
$1
10-15Missouri Gas & Electric Service Co.4_—4^4i
10-15
9-15
Mohawk Rubber Co., common (initial)—-—
50c
11- 1
10-15
Mo.'ine Pressed Steel class A part. (quar.)4
2 (4c
10-15
$1 (4
10-15
10-
3
$1 (4
12-15
12-
6%
3
10-15
9-15
50c
11-14
-9-30
10-15
Co.
10-15
10-15
t$l (4
,V:.- 15c'
9-28
10-15
Ltd., rord,
Avenue,
Rolls-Royce.
Fifth
Russek's
St.
Croix
St.
$2.25
' j $2,25
$4 preferred C (s-a)
$2
Montana Power $6 preferred quar.)_____—
$1(4
Montgomery Ward & Co., common (quar.)
V: ; V 50c
Montreal Light, Heat & Power Cons, (quar.)
?37c
Moore (W. R.) Dry Goods Co. (quar.)——
$1V4
12-
1
'
10-20
9-30
10-20
9-30
Paper Co.
10-20
9-30
25c
11-12
10-15
XT.
S. Industrial Alcohol Co.
10-
8
9-17
U.
S.
10c
10-10
9-29
'
12-
St. Lawrence
1
-11-1
(4 (4
4(4(4
(
Development-—
'
Mountain
1."
$4
;i3%c
:. 15c
2
10-15
2
10-15 *
i5c
10-20
10-31
10-20
10-10
37 (4 c
10-15
itu'
1
10-
8
' $1
10-15
10-5
425c
10-15
9-30
10-15
10-10
y'
y
(quar.)____—$1%
Mutual Bank & Trust Co. (St. Louis) (quar.)
Mutual Chemical Co. of America—
'
"
<"■'
preferred (quar.—
$1(4 -12-28
'9-30
Mutual Investment Fund, Inc
10c
10-15
9-30
Mutual System, Inc.* common (quar.) _______ 3c10-15
9-30
-.8(4 preferred (quar.K——
50c
10-15
^ 11-10
National Automotive Fibres, 6% pfd. (quar.)
15c ^ 12- 1
National Battery Co.
50c
11- 2
v,,y1(
l(L15
30c
National Biscuit Co.—_
50c
75C
$3-conv. preferred (quar.)———
National Distillers Products Corp. (quar.)
National Elec.
>:,y:'"2C
Welding Machine Co. (quar.)
(quar.)
National Funding Corp., class A (quar.)—_
(quar.i.__':
;.j Class B
25c
—
:
'
———
35c
New
,
9-30
9-30
10-
.10- 9
6% pfd."(quar.) —_
Newberry (J. J.) Co., ,6(4 % pfd. A (quar.i
6(4 preferred B (quar.)——————
•
—
2
5V4% .preferred
Northern' Ontario Power, common
preferred tquar.)—
—
10-15
9-25
10-10
9-30 XW;-;;
$1%
11- 2
:
11-
$1V4
North
10-16
11-
$iv4
$4
y
2
V
Northern
Insurance (quar;)_—
States Power (Minn.)— :sy'y%?yy;y
-
:
-.;
10-31
11-19
■■
t60c
f
10-20
>
79-25
10-15
9-30
25c
10-15
10-
15c
10-
7
12-21
Preferred C
(quar,)_
Pacific Gas St Electric
Tel.
10-15
10-15
10-
10-15
10-
io-
1
>
convertible preferred A
(quar.)___
B (quar.)__—
$1.40 class A
$1.40 class A
_____
(quar.)
—
(quar.)——
penmans, Ltd., common
(quar.)
—___u
(quar.)_
Pennsylvania Electric Co., 5.10% pfd. (quar.)
Pennsylvania Power Co., $5 pfd. (quar.)—__
6%
preferred
Peoples Gas Light & Coke Co
—
Peoples Telephone Corp. (quar.)
Philadelphia Co., common (quar,)y__
6%
preferred (s-a)
Philadelphia Electric, common (quar.)______
•
4.4%
preferred
(quar.)______
11-1
10-15
15c
10-15
15c
1-2-43
50c
$1V4
4-15-43
4-2-43
$1(4
'17 (4c
7-15-43
7-2-43
'
5-25-43
*
10- 2
1-2-43
.
"
10-15
10-
$i
li- 2
10-14
75c
1-1-43
12-29
(4c
1-1-43
12-21
$1%
12-10
■;■■■
1
62
37 '4c
Co.
1
10-17
1-43
37»/2c 2-
1-16-43
37'/2C 5- 1-43
4-17-43 '
37y2C 8- 2-43 7-17-43
$ 13/4
10-20
$l3/4
10-15
9-25
37»/2c
11-2
10-15
_
(s-aj
Co.
12-
2
11-
common.
10-10
-$m~i~T2--t—tr-I4'
_ _
11-14
$2(4
12-
$1(4
11-16
10-19-
$1%
11-10-
10-19
$1(4
10-15
9-18
10-15
9-20
10-15
9-20
50c
10-10
9-25
^
50c
10-15
9-18
(quar.)_____
$$1(4
11-2
10-15
$25c
1-2-43
12-15
$iya
11-2
10-15
-i--'
$75c
■
.
t$l%
—
(quar,)
-
1
■
10-15;
(quar.)_:_4_:_C—
pfd. (quar.)
$1(4
10-15
t$l3/4
6% preferred (1897)
& Electric 4(4%
$i.
$1V'4
t$l34
'
:
2
Zion's
2
1
11-20
12-
10-10
10-
10c
11-30
11-20
t$l
10-15
10-10
50c
12-13
12-
*
7
"'
deductible
at
cl. A__
(Consol.)
•
9-25 i
10-20
20c
;-c'Qmmon«-'---l
1
,
10-15
9-30
:
v
410-10
9-30
1
7
UOc
10-10
•
Co-operative Mercantile Institution—
Quarterly
,
$10c
*Transfer books not closed for
tPayable
40c
42-15
12-
5
40C
12-15
12-
in
Canadian
funds,
tax
8
'
"
the
,1
7Noe»
source,
15% ; resident tax. 2%.. a Less British income tax.
5
11-16 !
thisJ dividend,
tOn account of accumulated dividends.
9-30
resident tax,
10-30
31'/4c
:
10-15
.
9-30
•
12-31
12-17
11-
2
10-13
:
10-15
9-30
-
12-
1
10-15
12-
1
•10-15
•514
25c
10-15
10-
5
$1,540
50c :
10-20
10-6
t$l
12V4c
common__________——___
11-
12-24
$1*4
(quar.)
9-30
11-16
1
10-6
25c
Common :
Yellow & Checker Cab Co,
10-15
12-
t$2
25c
(monthly)
(Rudolph) Co.,
Wurlitzer,
10-20
11-
12-28
$1%
'
-
;;.%i >,.%:• S
v
5c
-
Transacted by
Sept. 30:
Shares.
R. L. Day & Co., Boston,
$1(4
1-2-43
v'.': -V7...
:7»7
„77';
10-15
$ per Share
STOCKS
Units Boston Acceptance Co., Inc
$3734
Conveyancers Title Insurance & Mortgage Co. Insured
1st
Mtge. Series A-l 4%, Oct., 1938.
Originally
..
$475 lot
7
Beginning Wednesday; Oct. 7, 1942, but one sale a month will be
held/and that on the first Wednesday of each month.
7
7 Special sales can be arranged for at any tinie.
12-21
45c
Wednesday,
on
;;',7'7;
$2,000
10-3
FOREIGN
'7;''"''7
EXCHANGE
'7-7"
RATES
CERTIFIED
7--;7-7: (
'
7 '
BY
SEPT.
-
,
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
FEDERAL
25
TO
10-
10-
,7
7
,
'-7^7;7; ;7:7./..
INCLUSIVE
•-7 ',7' ■''■•'.?• 7"''"
Brazil, ^ilreis— :7;;.-;: ;
*
7
•
.
2-5r43
'
::v'7
.
$
7/7
77
$
•■'•-■'..•
'7,7 $
7
Oct.
Sept. 29
Sept. 29
Sept. 28
Sept. 26
7.':0 7;. 7
$
$
1
V
.237044*
.297733*
; v
.297733*
.297733*
.297733*
.237044*
-
.297733*
,237044*
.237044*
.237044*
3.228000
3.228000
3.228000
3.228000
3.215033
3.215033
.060580*
-
-
.060580*
-
.060580*
•
.051422*
.051422*
3.215033
:
•
•
•
.060580*
.051422*
■
3.228000
3.228000
,
3.215033
,
3.215033
.060580*
.060580*
,051422*
.051422*
>
Official—'_7—
5
-11-15
77
-
.051422*
Canada/dollar—7
1
2-1S-43
'77i.
Buying Rate for Cable Transfers in New York
Value in United States Money
3.215033
'
'
.
.885000
Columbia, peso;_____L.___
,909090
.909090
.909099
.882678
.880000
.875357
.870781
.570625*
.570625*
.570625*
,570625*
.570625*
.570625*
England,'pound sterling—
:
7
77 0fficiah^_Z7.--_--_L7__-u_______^____.___i
.609090
.909090
.883906
.909090
10-7
35c
1930
7'
*
'7'• Official_
1
35c
7.
.237044*
12-157
11-
1942
1,
OCT.
„
'";i' %•:
,
$75c
11-16
11-5
$$iy2
$1.27y2
$ 11/4.
11-2
10-21
12-
1
11-1
11-
1
10-15
$1
10-15
$2
10-15
10c
$iy2
10-26
11-
2
30c
II- 2
$1.10
i ll- 2
Philadelphia National-Insurance Co. (s-a)—
•30C
Philadelphia & Trenton RR. (quar.)_—__—
$2y^
:v.
dividend
Australia, pbund—
10-7
60c convertible preferred
•V'
.297733*
12-31
10-15
60c
10-13
5
UC. 1-14-43
Peninsular Telephone, common (quar.)
10-15
10-15
$
1:
10-15
10c
1-15-43
Argentina, peso-
;
$1
Paymaster Consol. Mines, Ltd.
—
11-2
35c
Sept. 25
9-30
75c
(interim)
10-15
10-15
Country and Monetary Unit
9-30 :
Patino Mines & Enterprises Consol, Inc.—
American shares (dividend of 3s. 9d, pay15
ment will be made in U. S. funds.)
payne Furnace & Supply,. common___
2-25-43
6-10-43
10-31
77
10-15
10-15
Hosiery
Common
$1V4
10-15
$8c
_______
'
10-15
10-15
2
10-15
25c
(quar.)
Pamour Porcupine Mines* (resumed).
Faraffine Cos., 4% preferred (quar.)
3-10-43
40c
$iy2
Noon
$iy4
'
40c
$1(4
preferred
Wrigley (Wm.l Jr. '& Co., common (monthly)
9-30*
$1(4
11-25
Prior
9-25
50c
(quar.i
acific
& Tel., 6% $5 preferred (quar.)_
Pacific Lighting Corp., preferred (quar.)—__
packer Corporation
'
11-2
11-
16'/4C
l._—___
12-10
,$1(4
1
11-2
:;
$1 (4
20c
(quar.)^--——
77' 7
77 '77':
5
1
40c
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:
9-30
10-10
12-30
/'•Preferred A
.
10-26
7V4c
Paauhau Sugar Plantation
Pacific Finance of California, 5% pfd. (quar.)
1
10-
v
$iy*
"
10-
10-15
r
9-30
(quar.)__-_____^__.^-_.-—
Old Colony Trust Associates—
1st series trust shares (quar.)
Inc.
11-30*
10-15
11-2
5%
Glow Industries.
10-10
12-19
$i;
(quar.).
Wisconsin Gas
(resumed).
(Dallas) (quar.)
Co.
10-15*
10-20
87 (4c
7% preferred (quar.)
%%
Telephone Co.—
Ins.
11- 2
50c
-
9-30
10-26
•
25c
25c
30c
9-30
10-20
t55c
10-19
11-2
Corporation; common—_—_—
■
'
$5 preferred
Nu-Enamel
(quar.)
50c
Stock
10-16 7
11-16
50c
9-30
11- 2
Wisconsin Electric Power Co.—
"
2
10-15
Wood' Newspaper Machinery, prior pfd.__—
*
.
.1:$1V4
River
Life
5
25c
•..
9-19
(quar.)____,
New England
5
683/4C
(quar.)
Railroad
Winsted
Superheater Company_—r:
Super Mold Corporation (quar.)___
Sycamore-HUmmond Realty—
; ...
6(4% preferred louar.)______—___—
Sylvania Electric Products, Inc.
4(4% coriV. preferred (quar.)_________
v
$12C
:
;—."i.
(quar.)__
$1%
11-20
10-15
'
6(4
preferred
Suhray Oil CpTp.,
1
2
*
•
pfd.
'
$1%
,y
6%
Gas,
(quar.)
(Boston)—__
Sun
'
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred (quar.)
Nineteen Hundred Corp., class A (auar^_
Norfolk & Western Ry., adj. pfd. (quar.)
North American Investment, 6% preferred—
9-15 7
9-21
10-
;
Western Union Telegraph Co...
Weston (George) Ltd., 5% pfd.
Wilsil, Ltd. (quarterly) _______
Ste.cher-Traung Lithograph, 5% pfd. (quar.)
Suburban Electric Securities, $4 2nd pfd.___
11v
9-15
10-
Pipe & Steel Co. of Calif, (quar.)
Western Tablet & Stationery Corp.— \
(quar.)
Stdte Street Investment Corp.
12-
30c
10-5
Western
.
$11/+
Newark Telephone Co.,
..."
(quar.)
-
10-15
;$1
——!
(accum.)
Southwestern Public Service-
50C
York Transit Co.___
4.8%
Southwestern
10-16
2
$50c
York Air Brake Co.—
New
11-
$1%
S1V4-
•
—
9-30
10-15
35c
4'
National Lead Co., 6%
preferred B (quar.) —
National Power & Light, $6 pfd. (quar.)
National Steel Car Corp., Ltd. (quar.)—
Nauihkeag Steam Cotton
Neiman-Marcus Co., 5 % prefen-ed (quar.) —
v
10-15
—
Reduced
(quar.
Southern--Railway Co.— ■7:'''4'y
<
5%: non-cumulative preferred
9-30
,
10-10
25c
62V4C
preferred
_
«
50c ;
$2(4
_____
(quar.).
*
6 V4 % preferred
(initial quar.)
Squibb (E_.RU & Sons,. $5 preferred (quar.)_
Standard National Corp. 7% pfd—
10-3"!
11-14
Standard Oil Co. (Ohio) 5% pfd. (quar.)rT
11- 1
10.-17
Standard Radio; Ltd., class A (quar.)____"—_
11- 1
10-17,,
Class B (quar.)
10-15*
11- 2
Standard Wholesale Phosphate & Acid Works
10-30; 10-20
mc. (quar.)
j
10-15
i
,9-30
;
10-15
'•>' 9"30 • 7,: Stanley Works • (Thef, 5% preferred (quar.>_
45c
12-15
(quar.)
Washington Railway & Electric—
5% '• preferred"" (quar.)
; i
5% preferred (s-a)_
West Penn Electric 6% pfd. (quar.)_.
%.: preferred (quar.)
West?Penn Power, 4(4% pfd. (quar.i.
Western Grocers, Ltd., common (quar.)
;
y
.
11-16
(quar.)__.
(quar.)____.
Machinery—
Washington Gas Light Co.,
10-26
partic; preferred
Southern
"111.'
10-15 ;
10-15
15c
: 25c
National Casket Co., common (resumed)——
National: City Lines, class A (quar.)—
A
1
(quar.j__
preferred
Warren
5
Southern Indiana Gas & Elec.—
j
(quar.)___4__i__i—
10-20*
10-
(quar.)_
Southern Franklin Process 7% pfd.
12-11
6%
National Fuel Gas Co.
6%
ff^ri
12-17
National Cash Register
.
(quar.)__4_
California
10-15
12-
1-2-43
Southern Canada Power Co., Ltd.
9-30
10-15
12-15
50c
''i
11-15
'
National Bond & Share_^_—:—_—
9-30
—
preferred "C"
Preferred
.;
12- 3'
lc
& Tel.
9-30
10-20*
(Canada)
original preferred
Southern
11- 2
__
10-15
475c
y
(accum.)
Paper
10-15
,
3
10-15
(quar.)—
5%
10-15
1
12-15
58V4c
Upper Michigan Power & Light— :
" ■
6% preferred (quar.
Utica Knitting Co., 5% prior pfd. (quar.)
Vapor Car Heating Co., 7% pref, (quar.)
Virginian Railway, 6'% preferred (quar.)
6% preferred (quar.
y; 6 % preferred (quar.)
6% preferred (quar.) _______
Vulcan Detinning Co., 7% preferred (quar.)
'
8-
25c
20%
50c
5%
9-28
11-
1-2-43
58y3c
United Stockyds. Corp. 70c conv, pfd. (quar.)
Universal Leaf Tobacco, common (quar.)—
Southern California Edison Co., Ltd.
1-2-43 7 12-31
11-16
530
(quar.)__________
:.;;%'$5 preferred
11-20,
(quar.
Mills 6(4 pfd,
Snider Packing Corp. (quar,)^,_l
9-30
,y 11-
(H.)
1
Plywood Corp.:
$5 preferred
10-10
25c
y
11:
25c
(irregular).
Simpson's, Ltd., 6(4(4 preferred
Smith
12-
;J.
$5 preferred
Simmons Company
9-11
'•
States"TeL
preferred
53C
Pipe & Foundry Co, (quar.)
U. S. Smelting, Refining & Mining, com.
•7%.. preferred' (quar.)
United States Sugar Corp.-^- "
%
6.4% participating conv, pfd. A (quar,)^__
6-4% participating conv. pfd. A (quar.)
6.4% participating conv. pfd. A (quar.)
10-20
11-
(Wash., D. C.)
Shawinigan Water & Power (quar.)
Sheep Creek Gold Mines; Ltd;^
10-13
10-15
(Philip) & Co., Ltd., common (quar.)
v
75c
preferred (quar.$ 1.06 (4
preferred (quar.)
$1V'«»
Mount Diablo Oil Mng. &
Quarterly
' v'''
'
$5
pfd,
12-15
2
(quar.
5(4%'. convertible
10-20
11-1
12
Co
Paper Co., $4.50 pfd.
11-16
11-
58V4C
Quarterly
10-20
(4c
12 (4 c
(aceum.)
1
50c
53c
-
10-22
Security Storage Co.
w 11-10
11-
preferred
U. S. Hoffmann
11-16
it 1
25c
V'r
6.(4
Paper Mills,
Schwitzer-Cummins
Scott
:
•
—
Morris
6%
10-21
440c
(quar.)_.
(irregular)
class A conv, preferred
4(4
12-
1-2-43
50c
U. S.
t50c
(quar.)
10-15
U. S. Fidelity & Guaranty Co. of Bait.—
~_T~"
Inc.
9-24
11- 2
10-20
1
37 (4 c
20c
2
'
;i2-1
J. RR. & Canal Co.
United Paperboard Co., common
United Shoe Machinery, common
10-26
s
Lawrence Corp.
.
">
r
United N.
9-30
•
50c
(quar.) 4—
regis, (final)—
10-15
50c
_____
11-25
'
$1.50 convertible preferred
' Extra
11-25 yy;v Sherwin-Williams Co.
11-10
Common (interim)
1
;
11-
;
—
10-31
10-20
11-
75c
j 7% prior preferred (monthly),
11-30
$1(4
(quar.)—
10-.8
12-
_________
preferred (quar.)
Monsanto Chemical Co., $4.50 pfd. A (s-a)__
$4.50 preferred B (s-a)
y
7c
Extra ^_4_4_,____-_^_4__
,
10-31
,10-45
5c
34%c
5V4'4
;v
50c
___4
(quar.)
Button
11-16
15c
IOC
prior
$25c
preferred A ,V (quar.) —____4_4-
4 6%. preferred B
Rochester
'
'Moneta Porcupine* Mllnefi^ lqualv)
—<
Monroe Loan Society, class A (quar.)______
V*
■H
Republic Investors 'Fund, Inc.—
-
11-15
.,
9-24*
,
10-29
••
■
9c
—-126
$lV4
(quar.)
(reduced)___
Light & Railways Co. (Del.)-—
preferred * (monthly)
6% prior: preferred (monthly)____„_
6% prior preferred (monthly).
6.36%
prior preferred (monthly).
6.36% prior preferred (monthly.)______
6.36% prior preferred (monthly)
7% prior preferred (monthly)
7(4 prior preferred (monthly)
6%
9-24
,10-15
10-15
t5c
(quar,
10-31
United
9-30
,
9-30
11-16
United Fruit. Co.
9-30
15c
Class, A. (quar.)_____—4i._,
55c convertible preferred (quar.)
10-15
$1(4
4.
9-30
Co., common
Republic Drill & Tool, common
$1
-$$T34
(quar.)
Class B
10-21
'
.•
.
$5 preferred
United Drill & Tool, class.A
,
preferred
Reliance Manufacturing
.
(initial)4—Uw„44—4-^4^--—"
10-20
(N.
"
.
Class B
11- 2
10-21
—
nonrcumulative
9-28
10-20
11-10
■'
$160
1Q- 8
2
10-30
10-21
iquar.)
Regent Knitting Mills, Ltd.—
50c
;
,
9-28
10-
11-14
25c
(irregular)
Reading Cbmpany, .common (quar. i
2nd preferred (quar.)
Reda Pump Company 4__4u._____4_;
Refid (C. A.) Co., $2 pfd. A (quar.
:
15c
9-15
tirregular).—
Class B
10-14
7c
preferred
Class A
.
$40
Steel
25c
6.(4 c
i.
10- 8
Co.___
62(4 c
;
9-17
l
50c
Y.) ,(quar.)___
9-19
t75c
common _____________
Quebec: Power Co. (quar.)
:
Railroad Employees Corp.—
80c preferred common (quar.)_____
preferred
'Maple Leaf Gardens Ltd. 7%
(George)
Quaker Oats Co., 6(4
;
1
tl'/ac
of Ree;
2
11-
<liquidating)______
&
Corp.
Trade Bank & Trust, Co.
10-17
t$iy2
Sl'A
pfd. (quar.)
Holder*
Payable
Trinity Universal Insurance Co. (Dallas)
Tubize Chatillon Corp., $7. non-cum. class A_
Tuckett Tobacco Co., 7% pfd. (quar.)
Union Electric of Missouri, $4,50 pfd, (quar.)
12-15
12-15
t$L
$2c
Iron
(William)
Thew Shovel
9-30
;
8V4 pfd. (quar.
Mines, Ltd, (interim) _i
Prosperity Co., 5(4 preferred (quar.)
5'/b preferred (quar.)
—_4.
Public Service Corp. of New Jersey—•
6(4 preferred (monthly)
6(4 preferred (monthly)"——
Puget Sound.' Pwr. & Light, .$5 prior pref.__
9-30*
10-15
$l(/2
50c
11c
(quar.)1
10-15
$ 1 Vat
Taylor-Wharton
10- 2
;$i%;
Share
-Tacony-Palmyra Bridge Co., 5%
9-10
10-21
10-15
Procter & Gamble. Co.,
12-22
1-2-43
10-6
10c
15c
$1%
-
When
Per
Name of Company
■
Taylor
Proprietary
Manufactures Trust' Co.
conv.
2(4C 2- 1-43
5%" 1st preferred (quar.)„—
5%: 2nd preferred' (quar.)
yy__4^i._4___,_
Preston East Dome Mines, Ltd. (quar.).
;
,
9-30
10-15
$2
10rl5
-
)
10-24
.10-15
$1%
•
preferred (quar.)—•
Magnin (I.) & Co. 6% preferred (quar.):
C.)
14
,
6%
(R.
11-1
2 (4c
■
6Va%
Mahon
9-30
7;, " %
,
Manhattan
11-20
11-
$1(4
31 (4c
*
t
11-20
1
.:
(quar.)_____
(par $25)
1
12-
25c '
cum.
Lunkenheimer Co.—
12-
10-15
(quar.) i /25c
(Kentucky)—
|l-24
10-15
'(reduced
oj Rets.
_
Pittsburgh Screw., & Bolt:
i
Co., common (quar.)
Pollack Paper & Box Co., 7(4 pfd. (quar.)__
Portland Gas Light, $6 preferred-.—
Powell Rouyn Gold Mines (reduced)
Power Corp. of Canada, i>% 1st pfd. (quar.)
6% nori-cum. partic. preferred (quar;)-.„4~...
Premier Gold Mining Co., Ltd. (reduced)
11-24
12-10
$2
7,5% preferred ($100 par) (quar.)—________
Hotdere
_
20c
(quar.)—
Wheit
Payable
_/,
Pittsburgh Ft.,Wayne & Chicago Ry. Co.—
'7%
preferred (quar.)..-
9-30
$1JA
25c
50c
_______
Per
Class A
12-10
50c
,
4
1201
4
.
thare
Name of Company
Phillips Pump & Tank, class A_
1Q-14
2
7
■
■•
Plomb Tool
(quar.)$1.10
Special guaranteed (quar.)___
___
Longhorn Portland Cement Co.—
ova
participating preferred (quar.)
Participating
Loomis-Sayles Mutual Fund (quar.)/_;—— .7
Loomis-Sayles Second Fund___-____.;____%-_
,
>
,
'•
9r30
(quax\)_I
__
5%
preferred, (quar.)
Liquid Carbonic Corp., 4'/a '!o
Little
/,
of Ree.
50c
t; "*■<]
\
Payable
10-10
\
.
■
'
;
1
'
10-15
10-10
India
.
9-30
1
9
.
'
10-9,
9-18
10-
1
4.035000
~
*
.
.
-
New
.909090
,Union of South Africa^ pound-.—
7__.
,
:
Uruguay,'peso— ContrQlled-——.
Noncontrolled-___:
•Nominal rate.
:
7
.205725
4,035000
4.035000
4.035000
.301215
,301215
.301215
.205725
.205725
.205725
.205725
3.227833
•
.527200*
.909090
.880208
.877500
3.227833
3.227833
•i
.
3.227833
3.980000
3.980000
.909090,
.872708
3.227833
3.980000
3.980000
3.980000
.658300*
.909090
.909090
.909090
.881458
.882500
Zealand, pound___________—_7__
.
7
4.035000
4.035000
.301215
,
:
Free__
■
.205725
4.035000
4.035000
•'
.301215
.301215
rupee____________„__>
Official
1
10-1
10-
(British),
Mexico, peso—7__
Newfoundland, dollar—
4.035000
4.035000
4.035000
.
9-22
10-
•
4.035000
.658300*
.527200*
-
-
:
.658300*
.658300*
,527200*
'•
.527200*
,868333
.
3.980000,
.658300*
.527200*
3.227833
.658300*
:
;
.527200*
THE COMMERCIAL & FINANCIAL CHRONICLE
1202
General
Corporation and Investment News
PUBLIC UTILITY
RAILROAD
-
Consolidated
Assets—Cash
hand
on
Assets—Cash,
1942
and
1941
1940
$248,534
Balance
$252,422
$179,516
$750,599;
assets
charges,
deferred
in
$67,182;
($50
cumulative
$185,436;
etc,,
reserve
since
Years End. May 31—
operating
Prov.
for
1940
Govt,
Directors'
fees
28,716
32,147
*383,922
174,743
97,166
590
690
Misceil.
Net
Shs.
:
adjustments
Earns,
sh.
per
Cr817
outst.
on
Cr867
79,956
79,831
79,701
•
hand
$75,000;
and
$2,626,788
income
$2,479,594
$1,795,658
(80,000
no
81,713
104,767
22,329
Sheet,
May
1942
31,
($100 pari, $874,900; com¬
earned surplus, $679,959;
shares), $266,456;
total, $2,579,613.—V. 156, p.
$2,561,308
$1,900,425
244,762
289,988
201,190
1.790,307
791,372
683,163
568,132
235,833
for
Reserved
inc.
taxes
*247,803 "
Net
profit
158.
t$414,445
:
profits taxes.
excess
per
Pederal
of
authorized the
6%
mortgage
amounts
Bond¬
*
order
-
District
trustees to
gold
Jones
Paul
Judge
at
Cleveland
has
holders of the general and refunding
A, and 5%%-- gold bonds, series B,
pay to
bonds,
series
would... have accrued during the
Sept^ 30, 1942, on 5% preferred stock
reorganization, which is not yet con¬
summated.
";;■■ '■v
v-v:
V.; ■>'
'Payment will be made as of Oct. 1, 1942, out of earnings of the road
'for the preceding: 12-month
period, according to the order, which
period
equal to
from
Issuable
dividends
Oct.
under
.1941,
1,
the
plan
Balance
Assets—Cash,
certificates
Sheet
bondholders
as
$1,017;
Net
to
bonds
the
Net
ry.
~
1942
.
railway——
Year
1941
' *
Cleveland
bills
723,220; prepayments and deferred charges, $106,291; total, $34,576,926.
Liabilities—Bank
bonds,
aur Hay
loans,
certificates
savings
Interest, first mortgage
SubsCripliohs lor war
$1,017;- accrued
wages
and salaries,
$3,136,000;
secured,
1942, ^55,850;1 e ml) loyees'
1,
(contra),-
•
$377,124; accounts payable, $2,352,580; current liability re plant exten¬
$980,912: unclaimed dividends; $806; unclaimed interest on first
$258,189;
deferred
liability
$211,159
72,870
109,882
78,519
income
38,337
64,612
45,847
.
re
$170,232
58,760
28,537
for income and excess profits taxes,
:
funded
$3,019,088;
extension,
plant
.
•'
All .Americas'- Coj-pV[(& Subs.)—Earhings—-:*'"
Total
operating
—
General
miscellaneous -expenses_^.^i.-_c-_-_z.--
for U. S. Fed. inc. &
•
.
taxes
Profit
excess
Net
profits taxes
income
from
<
•
1
operations
income
-
500,792
'
-
1 paid
stock,
par
$20,
•with
cents
paid
on
20
a
to holders of record Sept. 17.
This compares
July 1, last, and 10 cents on April 1, 1942.
during 1941 were as follows:
April 1, July
each, and Dec. 27, 30 cents.—V. 156, p. 74.
1
and
Oct.
1,
*
Alabama Great Southern
■
August—
"Net
Net
1941
358,015
Cr83,418
$831,644
i
35,749
.
$1,855,960
$990,776
432,827
$785,175
955,668
312,435
156,778
257,865
223,040
Net
from
Net
ry.
—V.
railway.™
12,214,099
6,878,935
4,862,161
1,456,043
1,030,177
5,239,417
railway™™
5,910,147
2,543,594
1,644,826
income™
1,326,665
1,501,462
1,047,649
oper.
156, p.
27,162
,
expenses
such
$2,357,655
$27,958,058
$24,892,667
810,996
990,582
10,386,173
9,397.012
250,000
238,265
237,598
\
233,972
108,690
132,209
2,954,035
taxes.
156,
Int.
&
"Net
income
^ Balance
$950^76
deductions
other
income
Dividends
on
The
1,443,975
103,638
$69M44
&
Co.
$7,991,259
$10,655,073
729,380
397,405
7.384.437
sales
Net
of
Cost
$3,270,636
$3,2147979
195,178
2,293,512
2.342,138
pfd. stock
189,082
$32,113
in
Gross prof, from oper.
Selling
$101,861
$977,124
156,
;
—
_
;
—_______
3,973,426
—
268,267
•
182,353
;
______—_____
income
Income
$71,708
$115,900
•
—
.
$818,959
60,769
*
$879,729
deductions-
—
i
—54,116
Cr208,711
taxes
;
profit for year, after income taxes
'
sh!
per
on
$511,990
;Assets—Cash
14,915 ——J—*.'
29,829
$3.09
Consolidated
i
'
59,658
.
cap.
stock
.
Sheet
at June 30,
hand,
$254,558;
Balance
bank -and
in
$1.23,
on
$0.72
1942
'
$1.17
% %
(trade!
receivables
(deduct
reserve_for doubtful accounts, $17,570), $958,709; Inventories'
(physical, count), '$1740U,058;T^ccouiiT^ TJajahlB, iiebit"'balancer $I3rli23^
machinery purchased for account of U. S.? Government, $13,296; due
officers "and
from
(less
assets
employees, $40,147; Invested assets, $9,249; fixed
depreciation and amortization, $1,052,668), $2,-.
for
reserve
patents
$16,759;
deferred
S-i
total, ■ $5,072,058.
(less
reserve
for depreciation,
$28,530; other assets, $114,224;.
development
charges,
and
■■
payable,
(banks),
$496,426;
accounts
payable (employees and agents),
accrued property
taxes, $15,732; accrued capital stock tax,:
accrued manufacturers'\ sales tax, $5,491; accrued
royalties,
accrued salaries and wages, $93,584; accrued rebates, $46,263;
ers'
credit balances, $5,864; accrued old age benefit tax,
$344,940;
accounts
f
':
.
Liabilities—Notes
.
(trade),
payable
$15,520;
$18,982;
$1,675;
custom¬
$15,722;.
unemployment insurance tax, $19,983; accrued professional fees,
$8,425; accrued Pederal Income profits taxes, $1,061,120; accrued inter¬
est, $8,513; employees' victory bond subscriptions, $5,634; fixed liabili¬
ties, $600,000; reserves, $4,759; common stock (99,055 no par shares),;
$1,569,920;
surplus
(balance),
$742,455;
total, $5,072,058.—V. 154,
,
424.
p.
,
American
t
Chemical
Agricultural
Co.
(of
Del.)
(&
Subs.) —Earnings—
Years
.
Sales
Ended
30-r—
June
outward,
$32,204,776 $27,359,788
—
discount,
cash
agents'
comp-
pensatidn, :etc.^Ji— ''
('
»
5,095,069
sales
:
for loss
Depreciation
plants
of
——
16,853.611
181,782
3,118,471
279,419
577,848
41,221
688,047
28,138
*
-—
Depletion of mines
to insurance
Addition
Net
income
Miscellaneous
39,834
36.293
$3,499,185
$1,426,514
87,750
104,592
reserve
profit on sales_(.
'
3,137,777
expenses™
—
'
-
19,632,060
———™_..
doubtful receivables
on
"■
'$27,109,706 $22;330,492
j
Selling, general and administrative
Provision
5,029,296
■
\
.
'
Cost of sales—
1941
1942
*
(less returns)
—
(net)
10,166
25,767
$3,597,101
1,795,000
$1,556,873
435,000
$1,802,101
$1,121,873
910,440
Foreign exchange fluctuations
753,577
(
________
Net
377,724
$656,600
profit
paid
—_—
Dividends
Earned per common share
1941
U.
1939
1940
,
26,591,486
$2.87
$26,011,902
22,587.739
20,978,390
Balance
Consolidated
$6,286,299
$5,480,304
2,820,603
2,706,790
749,543
657,724
595,407
$5,033,512
2,467,474
547,928
$5,317,314
$2,807,972
49,161
$2,178,107
19,443
$2,857,133
$2,197,550
,043,584
442,546
432,138
419,682
407,147
71,271
59,109
40,636
15,500
taxes—_
contingencies
on
bldgs.
Loss
765,733
309,915
337,617
and
Deferred
securities,^-,
receivable
notes
Inventories
5,676
9,444
$1,393,939
profit
stk. outstand
$1,600,153
$1,602,629
receivable
(less
Balance
banks and
reserve
812,220
$1.97
946,000
$1.-37
812,220
$1.71
on
bad
for
Sheet, June 80, 1942
and supplies, $539,915; prepaid insurance, etc., $305,921; in¬
vestments, etc.. (less"reserve for losses, $10,995), $4,908; land, $171,517;,
buildings, machinery, etc.
(less reserve for depreciation, $3,971,317),
$4,364,300; total, $18,127,058.
cooperage
income
$202,301;
and
B,
payable,
accrued
current
liabilities,
instalments,
$403,845;
p.
2090.
$106,667;
provision
accounts
for Federal
(less U. S. Treasury notes, tax series A
$2,751,719; deferred liabilities, $1,280,000; reserves,
stock (800,.675 no par shares), $4,865,103; initial
and excess profits taxes
$503,419),
$591,528;
common
■
1,484,485
700,571
1,493,991
852,044
340,545
304,516
1
1
not required
for
operating
.
Total
$25,319,790 $23,053,220
Liabilities-
payable
___$1,092,700
Accrued liabilities
Res.
for Fed.
Reserve
and
for contingencies
stock
:
:
:
(627,969 shares
no
par)
————
1,683,009
758,813
719,416
8,372,920
8,134,938
2,320,068
8,134,938
^
surplus
Total
112,730
521,248
8,372,920
/
—•
Capital surplus
Earned
.
1,888,692
'
9,681
1,634,880
profits taxes—
excess
—
reserve
3,211,729
_„-J
^
$1,139,254
215,437
income
Deferred credits
At
il8,127,058.—V.
.
the
directors
annual
49,636
— $25,319,790 $23,053,220
V';;
155.
meeting
of stockholders held
elected to hold office
were
until their
New York;
hand, $1,660,615; notes and accounts,
debts, $414,270), $2,591,294; finished
product, $7,010,734; raw materials held for production, $1,477,853; bags,
payable,
4,085,708
purposes
or
Consolidated
in
6,585,878
218.380
4,316,362
—
Personnel—
par!—
Assets—Cash
4,924,445
obligations & sundry invests, (net)
Goodwill, brands and trademarks———i,
Properties
cap.
(no
2,891,168
5,966,385
Purch. money
$1,301,578
—
1941
3,050,108
(net)————
—
bldgs., mach. & equip, (net)———
Phosphate rock deposits (net)—
Common
ma¬
$1.79
30
697,677
u
—
charges
Insurance
141,000
—
&
chinery abandoned
Net
"3,107,618
fpr
reserve
June
1942
—I———J—;': $5,872,488' $4,588,258
Government
S.
Accounts
$2,018,110
25,474
$5,365,065
Sheet,
,
Cash
Ended June 80
surplus, $662,250; earned surplus, $7,263,645; total,
Net
$121,849
taxes
profit
Accounts
$5,243,006
_
(exclusive of depreciation).
Extraordinary income
and Federal income
State
Years
47,751
profit
Depreciation
Interest and exchange..
Liabilities—Notes
Total
,
800,675
Earnings per share
$2.00
♦Includes excess profits taxes.
Depreciation—™—™—
ordinary
26,725
$306,029
—
Canadian
Assets—
3,311,206
profit from oper..
(Including Wholly-owned Subsidiary,-Halifax Paper Co., Inc.)
Earnings for the Fiscal Year Ended March 31, 1942
Operating profit
19,980
Earns,
due Oct. 1,
$9,378,063
expenses
Total
Shs.
862.
p.
Albemarle Paper Mfg. Co.—Annual Report—
Operating expenses
$171,707
29,081
150,503
deductions
&
9,776
before provision for Federal taxes—
Prov, for Fed. income and excess profits taxes—
$49,603,421 $32,877,786 $28,068,043
expenses
ing
Other
1942
Miscellaneous income
the
the period.—V.
—
$120,708
29,019
1,056,304
income
Land,
pending House Bill <45% income and
surtax) would require during the first eight months of 1942 $194,900
more than at the 1941" Revenue Act rates, or $130,309 more than was
Other
Account for
sales—40,225,358
for
of sales
1941,
30,
Subs.)—Earnings—
Income
———„
to
Cost
June
ended
New York, N. Y.—V. 156, p. 1145.
.
Additions
sales
167,139
$321,311
48,959
income
Dividends..
4,776,281
$297,039
prescribed
$1,529,472
on
Comparative
Provision
Net
months
will be paid on surrender of the coupon
Incorporated,
$872,841
provided in
the six
540,883
—$221,196
____________
rates
for
Alleghany Corporation—Interest—
Interest of 214%
Note—During the eight months ended Aug, 31, 1942, Pederal income
tax has been accrued at the rates prescribed in the 1941 Revenue Act
plus additional provisions aggregating $64,591 for possible increases.
The
provision
158.
p.
Administrative
68,183
the
1942, from the 20-year collateral trust convertible 5%
(incomei bonds,
series of 1930, due 1950.
Interest is payable at office of J. P. Morgan
Net
Gross
$167,334
4,372
$463,444
,
Net profit
2.660,338
987,192
Federal
______
$757,763;
rates applicable to
2,859,200
2,871,947
•
the tax
applies only to normal Pederal income taxes and does not reflect the
proportionate part of the excess profits and income taxes for the entire
year 1941 ultimately provided for in the accounts of that company—
1942—12 Mos.—1941
$2,357,860
-
___
profits taxes.,
excess
prospective increases in
Consolidated
1942—Month—1941—
Prov. for Fed, inc. taxes
for
$563,203 %
,
of
Allied Mills, Inc. (&
Prov. for depreciation.,
Prov. for general taxes
Provision
'
Income
view
profits taxes of All America Cables & Radio, Inc., for the six months
ended June 30, 1942, oh the basis of 60% net income before deducting
1145.
Period End. Aug. 31—
Gross revenue
$858,806
101,043
83,043
1942, provision has been made for U. S. Pederal income and excess
Alabama Power Co.—Earnings—
Operating
before interest on long-term debt
long-term debt of All America Corp.
on
Net
year
145,002
from
$103,397
17,310
Net
$637,156
198,875
income.—
Prom Jan. 1—
Gross
$646,J246
income
Net
Interest
V.
railway.™
oper.
$311,535
exps.
1939
1940
railway——
from
ry.
RR.—Earnings—yi
1942
Gross from
344,656
sales— $1,498,369
31,103
profit
Freight
♦In
dividend of 10 cents per share on the
Payments
20 cents
3o0,047
$1,657,120
1,145,130
,
290,478
$610,497
•
443,912
( 303,136
340,500
935,000*
399,347
366,075
Crl3,520
amortization——
foreign exchange--.
on
;
$3,619,300
1,135,033
revenues—$4,627,872
j
1,390,173
repairs—-"
•
439,508
and
\? Alabama Fuel & Iron Co.—10-Cent Dividend—
common
439,384
.
accrued
Expenses of operationand
^-
.
Maintenance
-
The company on Oct.
$750,919
887,075
general
$13,510),
reserves,
debt,
6. Mos. End. June 30—
Non-operating
railway
2,189,496 J 2,049,854
1,508,923
1,271,549
from railway—.™/
700,238 " 854,433 '
483,680 ,:T 365;561
ry. oper. income—" <"382,371" "499,03*
-270,110
( 125,720
156, p. 862. ■:
:
v:■
"v""
"
/".i: ;v"' I:■
:::
v-'y';/
^-V.
$2,385,443
&
223,409;
$2,314,000; 5% cumulative redeemable pref¬
erence
stock
($100 par), $2,095,500; common stock
(412,700 no par
shares!, $10,274,500; distributable surplus, $2;796,599; earned surplus,$3,492,075; total, $34,576,926.—V. 154, p. 49.
.....
$3,419,636;
.Provision for depreciation and
1939
$286,535
Prom Jan. 1—
Net
1,232,418
Net
advances to sub¬
Gross-from
Net
1,832,182
-Gross
$1,258,039; investments, $1,079,590; land, buildings,
plant and equipment (less .reserve for. depreciation, $5,392,157), $20,-
Other
$287,339
oper.
$1,695,863
sales„^________
of
Other
$290,614;
1939
1940
$2,583,101
Other
employees' deposits for war savings
and accounts receivable, $3,252,641;,
contracts,
—-6 Mos.———
1941
$7,558,126
5,172,683
sales
Selling
1942
April 30,
(& Subs.)—Earnings—
—-12 Mos.—
vs.
sidiary companies,
♦Prov.
To Date
1940
-
Trust
.
railway—-
from
:
•
from
at
747.
p.
1942
Net
,
,
to
Earnings For August and
Gross
$227,432
1942 and
$780,240
;:
10,520,244
2,323,989
203,768
Gross prof, from sales
claims, Provincial income taxes, $26,325; Dominion of Canada Second
Victory War Loan bonds, plus accrued Interest, $1,254,700; inventories,
of
Co., as agent for the trustees, for proper stamping.-
••"August— •
156,
—/;•
■
Fed.
$6,480,994; advance payments on
which
surrender their
to
($911,816
.
cksh,
$103,495;
(contra.),
'
directs
*276,315
1,796,573
56,969
sion,
Akron Canton & Youngstown Ry.—Payment to
An
1,275,295
Period End. June 30—
131,771
566,828
V
(Equivalent to 75 cents in
share.
common
mortgage bonds, $3,050; provision
holders—
13,034,359
3,567,004
10,578,003
6,711,836
2,774,483
oper.
$983,000
$2,697,316
bank, $239,245;
3%
Dominion of
and bills receivable (less reserve for
accounts
par
19,352,672
.Aluminum Industries, Inc.
$9G0,671.
etc._
loans,
in
cumulative convertible preferred stock
stock
railway—U
♦Loss.—V.
9,086,206
70,528
$1.95 in 1941
.
mon
14,077,878
Deprec., plant & equip._
$1.12
$1.54
debts, $15,573), $361,397; merchandise inventories, $1,483,972; ad¬
vances to employees,
including employee shareholders, $3,135; prepaid
expenses and accrued revenue, $22,567; life insurance and fire insur¬
ance deposits,
$14,031;: sundry loans (net), $19,036; fixed assets (less
reserve for depreciation,
$357,938), $346,230; patents under lease and
'producing, revenue, $15,000; total, $2,579,613.
Liabilitiesr—Accounts:payable, $232,626; accrued wages and expenses,
$60,077; provision for'income, excess profits and other taxes, $424,466;
dividend -- declared,.- pay ablei - $ 15,311 ^--f ire-ins uca nee—reserver^ $25,818 %
.7%
ry.
297,378
22,120,407
income
on
1939
'
$1,414,067 ,.$1,475,754.
196,806
392,012
♦94,933
109,868
railway_-____
income™
from
Net
$15,873,537 $10,046,877
-i:—
sold:.:
profit
♦Includes
Balance
bad
•
Net
'V
Cost
profits taxes.
on
bonds,
$150,623
$2.29
$2.52
Canada
391,285
517,775
from
Net
Consolidated
Assets—Cash
$193,718
$244,257
626,307
•
1940
^
$1,812,528
548,254
,256,404
1,322,228
ry.
com.
excess
railwayj.u—
oper. income
:
.
Total
_■
1941
1942
$2,928,105
from
Gross
-"V."
..
;
products
May
railway.—
Net
1939
$25,117,776 $16,264,821 $10,344,255
______
■
■
$24,600,001
Operating
Cr487
80,000
stock
"Includes
__________
royalties, etc.
of
10.
and
Prom Jan. 1—
shipping exps.,
Interest
$262,984
•
.*
,,1940
^:^:v
Balance
Cost
Aug.
16
RR.—Earnings—
from
Net
$150,136
'
stk.
com.
$192,851
*:y
•
surplus for year.
of
$243,440
$262,984
year—
,1941
.
Feb.
on
August—
Gross
"
630
_
for
earns,
made
dividend of 50 cents on the same
Distributions of 50 cents each
15, last.
Dividends paid during
against $2.20 in 1940,—V. 152, p. 110.
quarterly
record
totaled $2.70 per share as
,
Sales of rolled products,,
Other
Net
.
of
1941
31,289
525
taxes
_
1942
;
,
$214,202
38,836
-
regular
a
holders
also
1939
$319,424
for depreciation
Prov;
1941
$460,274
41,501
paid
to
.
15 paid an extra dividend of $1.40 per share
stock to holders of record July 10 Unti on.
common
,
'
(& Sub.)—Earnings
1942
^
.
par
were,
Earnings for Years Ended April 30
pig iron, coke and by-.
$686,267
profit
951.
p.
no
15
issue
stockj $950,000; surplus,
common
the
Aug.
notes
payable,
secured,
liabilities, $342,583;
7%.
1
products
Net
$3,867,558.
Algoma Steel Corp., Ltd.—Earnings—
,
Sell, and
Agnew-Surpass Shoe Stores, Ltd.
.The company on July
on
Alton
'$30,166;
accrued liabilities, Federal
for contingencies, $53,169; capital, stocx
$1,000,000; capital surplus, $487,000; earned surplus
1932, $369,492; total, $2,125,263.—V. 154, p. 49.
1,
total,
$55,034;
MISCELLANEOUS
-
Alloy Cast Steel Co.—$1.40 Extra Dividend—
^
:
inventories,
$1,866,876), $2,-
depreciation,
preferred stock, $900,000;
total, $3,867,558.—V. 156,
$1,225,992;
payable,
pari,
Aug.
for
reserve
payable,
$101,911;
items, $279,890; deferred
accrued
1942
receivable, .$539,373;
Liabilities—Accounts
-
taxes,
(less
INSURANCE
-
Sheet, March 31,
accounts
$75,203;
fixed
447,351;
Sheet, April 30, 1942
banks, $494,509; U. S. Government
HVs'r war bonds, at cost, $50,000; accounts and bills receivable, net
after Reserves, $285,014; acoounts receivable; parent companies, $63,117;
inventories, $895,612; prepaid expenses and deferred charges, $8,605;
plant and equipment
(less reserve of $967,918),
$328,405; patents,
trade-marks; etc., $1; total, $2,125,263
Liabilities—Accounts
INDUSTRIAL
-
Consolidated Balance
Aeolian American Corp.—EarningsFor the Years End. April 30—
Net income after taxes
Monday, October 5. 1942
successors
Sept. 16 the following
during the current corporate year,
have been elected:
George C. Clark
Louis H. Carter
(President),
(of Clark,
Dodge & Co.), New York; John
Co.), New York; John-Foster Dulles
(of Sullivan & Cromwell), New York; George C. Lee (of Leer Higginson & Co.),
Boston, Mass.; Archie P. Stock (Vice-President and Comp¬
troller), New York, and John C. Traphagen (of Bank of New York),
Dillon
R.
New
By
(of
Hayden,
Stone
&
York.
action
of the
new
board
of
directors
at
its
first
meeting held
8ept. 23, 1942, the following officers will serve during the current
co/forate year or. until their successors are duly authorized by the
on
board:
Louis H. Carter, President; Archie P. Stock, Vice-President and
Comptroller; Anthony B. Arnold, Vice-President and General Production
Manager; Albert W. Goeller, Secretary and Treasurer; George H. Pick,
Vice-President,
Wholesale
Manager; Julian Y. Williams, Vice-President
Otto Steinhaus, Assistant Treasurer, and
Assistant Secretary.—V. 156, pi 862.
and Fertilizer Sales Manager;
Frederick
B.
Bourne,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
Balance Sheet,
-
Traffip Expands—
[:■ American Airlines, Inc.—Express
increase'of
An
125%
air
in
August over the same month
Lyall, .acting. Eastern, traffic
carried
express
a, year
by
the
is reported by Herbert; J.
The line carried 1,221,583
ago
manager.
Cash
receivable
Interests
and
Other
.■!.:
.V," '"'■'"''•V ' '
1 •*
flown in the first eight months amounted to 3,441,'483,072,
an
increase of
111%
over
the 1,627,635,191 in the sjame
period of last year.
In August alone company flew 627,642,507 poundmiles of air express and freight, an increase of 161% over the August,
'•These
is
pany
do
figures
U.
156,
the vast amount
under contract
p.. 307.
S.
the
for
of freight
Government,"
/?. T,-v;
the
each
stock,
a
dividend
payable
value,
par.
no
March
50 .cents,
3
and
March
follows:'
as
have declared
of
75
June
3,
1,
tCapital
Oct.
15
June
and
2
of.
payable
Accrued
record
and Dec. 24, $2.-r-V. 156, p. „395,.
service
from
Oper.,
admin, exps.,
&
gen.-
charges
taxes,
■'■
Jy-rZ.*'■
%%%
802,678
$500,000
74,378
311,653
93,964
•>:*
"
438.557
'depreciation
Interest
Prov.
expense.
for
Fed.
taxes
income
on
:
7
for
incptne;;——$645,327
on com. stock, cl. A
308,388
divs. paid on cl. B com. stock
77,088
Cash
Consolidated
$331,658
342,067
total,
$48,026;
accrued
other
of
$26,110;
$53,407;
$14,525,000;
• -
accounts
($1 pari; $963,713;
common
stock,
paid-in surplus, $4,479,470;.
earned surplus, $291,183; total, $21,162.843.—V. 156, p. 747.
1 V : %
prior
June, 30—
1942
revenues—$7,369,976
—
.
3,202.938
Maintenance and repairs
802,173
General and miscellaneous expenses.!——%—«,
854,071
Prov. for Fed, income and excess profits taxes...
935,000
1941
$6,698,710
2,881,884
750,675
806,234
•
368,850
Other taxes-_u—-a—519,129
382,316
.778,1^7
operating
operation
of
——
.
for depreci%tioiv-and-amarti5WitioH=^«
Provision
profit
Net
from
income
Cr81,503
Exchange—Crl2,302>
on foreign
operations-....——.—-——
Nonoperating income
for
($71,
full
in
share
for
Interest
Net
debL*
cumu¬
1917
preferred
in
lieu
long-term debt of subsidiary cos.J—
on
of
of
income
$168,303
4%--
stock
($7)
7
declared
Sept. 29
on
stock,'par
$25,
dividend
a
payable Nov.
distribution
made
was
of
16
75
issue
this
on
cents
which regular quarterly dividends of $1
156, p. 246.
record
of
share
per
Gas
Power
&
Co.—SEC
prospective increases in
the tax rates applicable to
provision has been made for U. S. Federal income and
of All America Cables and Radio, Inc., for the
June 30, 1942, on the basis of 60%
of net income
before deducting such taxes.
The provision for the six months ended
June 30, 1941, applies only to normal Federal income taxes and does
not reflect the proportionate part of
the excess profits and income
taxes for the entire year 1941 ultimately provided for in the accounts
six
of
1942,
year
profits
excess
30—£47
leather-.--
sales of
Cost
sales—
of
that
156,
158.
p.
t
-
,
*
June
'
1942—3 Mos.—1941
30—
Operating
Oper.
inch, taxes
7
Prop,
•7Other
77
1942
,1941^
7
1940
^
approp.
retir. res.
Net oper.
1.
$4,272,951
Rent for
revenues
lease of
plants
Other
inc.
$2,035,453
$1,277,941
646,748
•
.
v
$928,096
517,690
,
inc.
tax-
Gross
Net
506,823
$510,843
deductions
other
Total
'77.
23,312%.
»Pfd.
divs.
540,212
public—
to
Balance
on
^
34,046
82,643 ,7
tNet
equity
"7
paid
F.
June
.
1
Net
equity
Other
>
Earns,
'
surplus.
6%
on
.
1,095,267
$1,926,697
cum.
stk.
com.
($1
;
-
:
on
Balance
.
,
! 105,063;
Int.
to
of
public &
debt
&
222,536
I
'
$121,525
in 1939.
7 -7r---••
7
.
7 586,7007/, 586,700
•
' '
'
•
•-
586,7007
.
'
$0.55:7
'
"
in
$0.08
$117,447
1942,
dividend
"Full
earned
whether
in
$115,491
1941,
in
doubtful
for
accounts
and
for
miscellaneous
$3,699,544;
$1,720,283),
Sheet,
equipment
and
$2,841,904;
and
State
Federal
for
-
Period
Other
End.
5,535,157
preferred
Jane
SO,
discounts,
$40,000),
investments,
$71,795;
re¬
in¬
$934,879;
build-
land,
$12,934;
for
reserve
charges,
stock
$7,963,822.—V.
($50
surplus,
depreciation,
$1,540,866
$6,065,110
155,
etc.,
common
surplus,
earned
stock
($1
$1,683,141;
including
and
+Of
to
American
the
&
respective
30—
&
Foreign
Foreign Power Co.,
of
with
of
$842,803
476,651
$773,340
425,395
has been
net
of
187,950
668.206
$441,082
$366,152
$347,945
840,543
424,312
1,864,739
1,357,014
384,412
409,878
;
:
value of
be
can
of
use
value
estab¬
York
New
of
the
stock
the bonds
repre¬
156, p, 747;
V. 155, p, 2178.
|
of
24.
last.
$4
share
per
This
during
the
on
with
compares
Payments
1941
$1
were
each, and Dec, 29, $18.—
\
Telegraph
-
_
Co.
Definitive
—
states that
convertible
definitive
Bank
Farmers
definitive
beginning Oct.
debenture
1
the
bonds
due
bonds
debenture
at
company's
1,
Sept.
the
1956,
of
office
Trust
Co., 22 William Street, New
debenture bonds will have the
coupon
Service Corp.—Tenders—
Illinois
6%
National
111,*
will
sale
of
series
bonds,
"release
12
A,
moneys"
of
Bank
until
it
to
& Trust Co.,
o'clock
$250,000
due
1964.
The
deposit-with
on
the -Securities
it,
231 So.
trustee,
Oct.
C.W.T.,
noon.
principal
of
amount
purchase
accordance
in
21,
col-
will
be
with
and
Exchange. Commission.
Commission on Sept. 25 permitted
156,
Illinois
Bank
«fe
Trust
%
1013.
p.
Co,
;
;•
of
Chicago,
Indenture
V ;.'%
the
of
v
output
1941.
table
follows:
years
.
kwh.
67,968,200
.1942
1941
v.
the
for
correspondin-g
,
weekly output of electric
v;'V.
r* 'V:'■
of
Y.n: 1940 "
5—
72,542,000
"63,756,000
12-—:
50,894.000
last
the
!
1939
-
,
for
energy
•'?.
;
,
'
>■
1938
.
38,807,000
44,270,000
"70,564,000
67,605,000
48,974.000
43,170,000
Sept.
19—
74,148.000
65,337,000
54,110,000
51,949,000
42,460,000
Sept.
26—
73,332,000
67,968,000
53,076.000
52,787,000
42,999,000.
national
Ann Arbor
54,817,000
holiday.—V. 156,
1145.
p.
1942
1941
1940
1939
railway——
$450,520
$430,912
$370,770
$343,899
128,031
126,555
94,924
82,040
54,379;
68,155
54,455
47,164
3,412,464
3,108,424
2,706,274
2,499,161
819,519
841,760
489,024
401,400
from
from
railway—
railway.
^
.
income.—
oper.
ry.
—
railway-.—
from
from
Net
RR.—Earnings
:
August—
Gross
416,987
t$18,260
t$61,933
7,505
12,639
30,335
t$84,767
35,090
$70,651
t$5,622
t$31,598
"Loss.—V.
156,
319,356
445,230
748.
p.
123,485
194,522
t
Associated Gas & Electric
The
Sept.
25
Gas
electric
net
Co.—Weekly Output—
Electric
&
of
output
the
Corp. report for the week
Associated
Gas
Electric
&
units,
Corp.
S.
87,500
239,000
75,000
:
$158,160
$233,378
$43,402
bonds—
25.000
paid
war
•Of
1146,
p.
Associated Transport Inc.—ICC
—_
Net profit
Dividends
or
156,
Aeolian
inc.,
126,781,220 units ikwh.l.
This is an increase of 11,811,308
10.3'% above production of 114,969,912 units a year ago.—
group was
V.
.
of Associated
trustees
t$49,677
75,000
v
7_
:
——
The
Interstate
to
company
stock,
Commerce
truck
four
equal
in
Commission
has
subscriptions for 9,000
accept
from
companies
tLoss.
Authorizes
Company
To Sell Stock—
$25,323
,
1''
60,371
pianos, radios, music rolls, etc.
Balance
Sheet,
June
30
The
manufacturing
amounts
of
subscribing
notes
receivable—
r„
—
finance
from
companies
investments —--,
in
Aeolian
and fixtures
Furniture
Leasehold
1,428,357
5,535,157
5.763,699
$847^588 "TL8987522
$3,22L968
$1,704,189
1,215,415
-
;
.
'
.
.
of
the
'j"1
taxable
573.777
190,686
23,108
17,987
——
1
——
American
11,271
and stores-
3,937
1,000,000
to
1,500
granted
shares of
and
two
shares
authority
its
tire
each
6%
to
the
preferred
manufacturing
17,796
consolidated
Coach
The
of
order
Co.,
1
.
$1,846,913
$1,700,465
Accounts
■
;
payable
payable
8,966
Dividends
—
—
declared but
SClass
at
par
of
stock—
-
$100
;
---!
two
944
and
Total
"After
shares).
——
deducting
-
reserves.
1,177.595
„——
+23,433
StPar $5.—V. 155, p. 1207.
185.439
185,155
-
————196,531
—
shares
.
Co.,
a
Gen¬
a
of
Co.
suit
The
large
nine
Commission
on
by
the
will
be
heard
suit
motor
March
brought
16,
McLean
on
carriers
but that
Trucking
$1,846,913
no
par
'
93,752
23,552
from
payments
the
tion
last
charter
"Our
must
future
will
in
stock,
156, p.
Oct.
8
by
a
1013.
29 declared a dividend of $2.50 per share
payable Dec, 1 to holders of record Oct. 30.
with $1.50
Sept.
to
fiscal
no
per
applicable to
were
two
paid
1941,
2,
also $1
the
as
fiscal
the fiscal year ended June 30,
year
ended
June 30,
1942.
1941,
He added:
This declara¬
be assumed as establishing a precedent.
The
has the present action, entirely upon earnings,
year
way
depend,
cash and the
runs
from
July
1
to
June 30.
immediate and prospective requirements of the company."
Would Absorb Subsidiaries—
$1,700,465
(1941,
in New York.—V.
on Sept. 1, last, and $1 per share each
to and including June 1,
1942.
The
share, was made on Dec. 27, 1940.
President E. J. Engel stated that the $2.50 payment will make divident disbursements during this calendar year $6, of which the first
quarter
933
tl,171,665
—
stock
Autocar
Sept.
on
common
previous payment,
154.063
—;
—
B
directors
the
on
127.322
1,128
credits
the
Atchison, Topeka & Santa Fe Ry.—Dividend Increased
342
unpaid—
Reserves
Surplus
17,107
$117,617
—
liabilities
Accrued
$40,000
70,632
38,184
:
are
Goodrich
merger
the
Carolina.
North
of
Inc.,
F.
a
by
in
three-judge Federal Court
This compares
Liabilities—
Notes
attacked
been
stock
White Motor Co., Mack Mfg. Co., Yellow Truck
Transport,
authorized
was
has
The
—
Rubber Co.,
Mfg. Co., and the B.
Associated
freight,
8,150
1
—•
imports
&
this
1,000,000
—
Corp
1942 income
rates tentatively adopted by the
47%
namely,
y •
226,039
—
Prepaid expenses and and deferred charges
Investment
$253,667
141,347
—
companies
eral Tire &
3: $54,613
and
Inventories
Due
1941
1942
"Accounts
Class A
Represenatives,
face
Sept.
&
3%
the
for
over
of
Sept;:
Sept.'
$332,219
377,936
$63,146
Dividend
$9,360,539
409,522
made in accordance with the
Income.
loss
a
the
market
dividend
a
30,
for
Continental
7.89%
$707,107
374,887
profit on sales
rentals, inc. (net)
Deferred
—
the
■
Chicago,
of
the
week
Net
Inc.
etc.,
expense
"
-
trustee.—V.
Net
1939
1940
529,355
Oper,
Co.,
$2,700,257 $12,298,418 $10,201,082
Note—Provision for U. S. Federal income taxes based on
'House
Power
$2,512,307 $11,630,212
$3,326,949
taxes
and
and
apd. $ept-, 1,-1^42;vlnter£st. coupons should, be deta^hed,,and
for payment through the usual'banking channels or to the
direct, the statement added.—V. 156, p. 1012.
out
Gross
1941
$970,437
sales——
Gross profit on salesSelling & admin. exps._
1942—12 Mos.—1941
1942—3 Mos.-—1941
$3,470,725
Balance
June
ry. oper. income
From Jan. 1—
1942
salea
♦New
periods
amort, of debt
discount
and
Net
American Piano Corp.—Earnings—
(not all of which is available in United
143,776
charges,
Exps.,
Int.
applicable
American
———;
.
"Includes
1826.
p.
Years Ended June 30—
$5,701,491
income
Total
cash
The Securities and Exchange
to
become
effective
a
declaration
under
which
the
corporation
would
.acquire, prior to Dec. 31, 1942, $250,000 of its collateral trust 6%
bonds, series A, through invitation of tenders pursuant to its indenture
$7,963,822.
total,
$3,888,000;
par),
$777,568;
Total
June
held
approved
the
record
authorization
five
11)42-
$^102,766;' receivables (less
(less
deferred
capital
$584,950;
,
5,763,699
unearned.
subsidiaries,
fr.
Income
paid
of
The
trust
trade creditors, etc., $243,503; accrued
payrolls, and other expenses, $239,048; provision
and capital stock taxes, $556,612; 6%
cumulative
total,
$2,969,223 $11,600,267 $11,465,190
$1,755,161
Account
that and
Treasurer,
Y,
bids
taxes,
income
convertible
currency).
Income
to
contending
for
Liabilities—Accounts• payable,
1,215,415
1,864,739
1,428,357
requirements
or
refund,
and
■
Week End.-^-
hand,
163,043
1,357,014
income of subsidiaries
in
Inc.,
States
for
Telephone
Comparative
Cash
————
claim,
sold
v
establish
30
City
St.,
...
„
banks and-bn
in
machinery
Other
Balance
its
sought
share.
424,312
S3,112,175
exp.
transfer
1
15-year
N.
L_ 1,942,
the
$1,095,267 7 $1,048,821
v
.' 1*
V'
>
584,950
t$1.02
depreciation of
serves
•ings,
amort.
disc't
the
and
company
■
lateral
385,470
7
Consolidated Balanoe
to
deducts.-
claim
Sept.
The Continental
$1,434,291
7_
•
$1,683,1417 $1,301,222
"
f
1"
'
2
Assets-r-Cash
$3,393,535 $13,465,006 $12,680,605
409,522
applic.
; interest
1301.
Trustee,
'made
Assets—
'
bonds
were
April 1, $1; July 1 and Oct. 1, $3
LaSalle
830,687
.
,%." 256,980 .7,
.
com.
1940, and $113,945
'
including
'
bonds
was
Thereafter
American Water Works & Electric Co., Inc.—Output—
!
$3,205,585 $12,796,800 $11,840,062
' 187,950
668,206
840,543
$3,521,697
etc.,
charges.
taxes
its
$100
a
straight
a
payment
tax-paying
rejected
the
holders
on
to
-
256,905
.
-
$1,352,246
~
243,555 ;.
.
out-
J__
American
143,776
Total
The
gave
and
dropped.
92.
on
A
cash
Output of electric energy of the electric properties of this company
,for the week ending Sept.-26, 1942, totaled 73,332,000 kwh., an increase
U.
Exps.,
the
$1.02
$3,205,585 $12,796,800 $11,840,062
$3,377,921
——
stock
the propositions—V.
on
April
on
Behan,
company
.
-
.
1,048,821
$1,663,190
-
pari—
sh.
per
stock
Co., Inc.—
above)_1
las
Refining
scries
tCalculated on the net
profit, of $840,269, the provision fqr obsolescence and possible loss on
•disposal of-idle'properties being-considered as a charge to surplus.
459,365
£>rl96,241
30,289
39,459
$3,377,921
income
&
the
Later
the stocks.
$603,604
$303,425
*■
•
1,301,222
30
shs.'
Int.,
A Foreign Power
Amer.
of
of
the
of
exchangeable
presented
$567,923
pref: stock—v
standing
to
—.
were
1, 1943, and all subsequent interest coupons attached. -Before
sending the temporary bonds to the Trustee for exchange, the March
$395,224
$603,604'
*91,7997".
Net profit from opers.
applicable
minority interest
5%
and
March
133,549
-
No.
$3,235,874 $13,019,336 $12,003,105
$3,417,380
Portion
the
of
the
denied
stock
p.
ended
Balance
$100
of
retiring the subsidiary's
subsequently accomplished.
In
B.
unless
retire
to
time
the
company
York,
'-~v
^
$625,475
Consol. earned, surplus
2,025,682
»*
*
■
Dr25,465
(net)
$100
of
Securities
$3,201,828 $13,215,577 $11,543,740
$3,442,845
—
adjusts,
working capital
allowable
squarely
155,
the
34,591:
35,868
$567,923
surplus,
earned
conv.
Cost
Exchange
loss,
which
follows:
'J.
2,646
.
187,693
$840,269
•,*214,794
Write-down of idle prop.,-
.+* '
21,311
1,867,413
of
par
of
shares
.
averaging
7%%
but the Government
was
receive
$56,626,895
36,340,822
' 5,327,978"
$3,715,377 $15,283,478 $13,603,357
513,549
2,067,901
2,059,617
$3,983,067
Balance
■
489,802
451,886
the
loss
paid
are
$769,099
2,892
$760,251
public
Interest, to
and
shares
Smelters
300,000
shares of
by the tax-paying company.
of $77,000,000 and the parent
share
series
value
Bonds—,
:
529,711
-Juno 30 of prey, year
.
$4,205,179 $17,150,891 $15,629,039
$4,434,943
income
a
Smelting
neighborhood
American Utilities
earned
par),
:
300,000
outstanding
was
each
of
at
V,
$1,275,922
417,253
"7„ 23,215 7,7.% 36,948 ^ 7
Fed.
prof, for the year
"Consol,
$4,265,757 ; $4,112,047, $16,265,602 $14,936,784
169,186
93,132
885,289
692,255
--
its
mortgage
American Steamship Co.—Pays $4 Dividend—
,
.
—,
7 traordinary creditExtraordinary, loss i.7-%''
local
Operating income
170,000
5,871,500
&
"
Other-income-(net)-.
of
had
discount
a
decision
$7,147,422
7? tNet profit before"px-7 v-
'
24,337
first
sents the
"loss."
While
there
are
several Treasury office
decisions
seemingly pointing to the view taken by the Circuit Court, Judge Her¬
Goodrich, who wrote the decision, said there was no other court
,
-
'
5,382
7,194
(net I
.'
*
for
the
the
in
which
Exchange quotations to
as
5,384,859
charges
Prov.-for
•
$4,117,429 $16,289,939 $14,958,095
'
Its
on
bert F.
:1939
$6,312,955
$1,388,705
(Cr)-_-^7.V4,489
.income
ventories,
I
of
claim
its
claimed
it
.
had
American
share
because
proceeds used
The
7,464,175
—7
before
other charges
.
I Alter
39,620,489
5,303,798
9.391,791
1.298.969
10.315.148
1,264.543
cash
each
temporary
1942—12 Mos.—1941
$15,852,642 $14,808,189 $61,214,226
1
revenues
exps,,
in
for
sold
no
each
-Subsidialios—
,
$7.50
common
$8,742,116
profit on sales,
gen. & admin,
Profit
(Excluding Chinese Subsidiaries)
End.
1918
and the difference between
7
*
'
9,012,919
—
expenses
American & Foreign Power Co., Inc. (& Subs.)—Earns.
Period
sustained
In that way by a sale a loss could
definitely be established, the
Government contended, whereas a loss or gain would not be deter¬
mined until the stock had been sold or the bonds
completely retired.
The
Circuit
Court, reversing
the Federal District Court of New
Co.-r-Earnings—
"Resulting from disposals, of idle properties.
v
and
$128,539
American
each
•
lished
were
$11,048,373
taxes
company.—V.
of
American
Selling.,
ended
months
said
was
and
A,
the
owned
was
Stock
Action
Take
to
and
Jersey,
.
15,
Aug.
on
of
B
also
company
of
exchange
series
preferred
liquidation
a
bond
the
share
per
holders
to
to
Years End. June
Net
-Divs.
view, of
Note—In
the
in
part
that
"
•
■
the
loss
1917.
the
for
preferred,
all of which
and
amortize
certificates,
allotment
•
(Including American Hide & Leather Co.,' Inc.)
$624,127
*;
stock,
claimed
stock);
common
Phila¬
on
purchase
subsidiary had a capitalization
issued bonds for the purpose
stocks
warrants
with
cash,
to
deductible
a
This
at
taxable
cash
is
$37,049,800
on
in
The .prcferreds
securities
withdrawn
**
••$852,110
227,983
181,533
%
..subsidiary,
$100
in 1941
share of second pre¬
shares
issued
were
cumulative
bond
option
1942;
issued
mostly by the public.
64,495
$349,836
-
amortization
bonds
cumulative
preferred
6,640,994.8
lone
four
and
1941
purchase
acceptable
payment
659.
p.
to
a
American Hide &-Leather
v.
Net
Net Income before interest on long-term
deduction
a
company
Against Company—See Community Gas & Power Co.—
156, p. 659.
$787,615
$290,820
59,016
-
—
011
a
The
802,639
Months
6
Total
•Expenses
for
gold
bonds
par
The
$6
instance
issue.
is
the
V.
Gross
Ended
$25
similar
A
bond
stock
Smelting & Refining Co.
$16,710
1925
5%
common
shares;
478,995
shares
stock
subscribed,
American
(& Subs.)—Earnings—
American Cable & Radio Corp.
of
held
;
payable
class A
income,
2,084.738
date')
A
in
common
'paid.—V.
\
S.,war
for Federal capital stock and
Federal taxes on income, $315,000;
$468,960; common stock,
class B I$1 pari, $40,000;
deferred
preferred,
expiration
series
156,
reserve
for
reserve
cumulative
$7
common
shares
27.
Oct.
last,
—
U.
-
common,
directors
the
either
the
of
Co,,
-
.270,268
1913
$3,389,019;
hand,
unsecured,
payable,
expenses,
taxes,
on
by
1942;
stock
The
$21,162,843.
Liabilities—Notes
and
and
-—2,549
y American Can Co.—75-Cent Common Dividend—
$300,648 ;
..
............
June 30,
Sheet,
Balance
banks
in
—
( without
stock,
capital
322,708
$424,767
62,119
.
62,000
bonds,
series G,'$50,000; due from customers
(less reserve for possible losses,
$250,469),
$17,624,256;
prepaid interest, taxes and other expenses,
$51,542; furniture and'fixtures, at cost (less reserve for depreciation),
Assets—Cash
4,748
526,575.650 528.012,572
four
on
Net
2,113,861
104,227
1942
ferred
'
Cash divs. paid
American
for
6%
$100
31,301,432
$480.—V.
Net income from operations———
the
refund
The
par
176,464
and
and
;
;
.
.
credit
1,944,339
Total
1941
$1,142,410
185,430
for possible losses, pro v. for
prov.
50,052
surplus '32,278,137
7 warrants
1940
$747,475
in
Circuit
Third
of
use
the
of
a
30-year
lative preferred, 387,025.65 shares (including scrip equivalent to
4.65
"! share*r; 'second preferred, .series A, $7 cumulative,. 2,596,861 shares in
-; v',. 1942%- ;1941
$1,945,088
$938,557
*
and
in
100,500.000
!
liabilities-IT1.
—
current
tRepresented
.....
life
the
over
•
,
discount
a
bonds
the
,
Special contingency reserve—725,000
77;
American 'Business Credit Corp.—Earnings—
•
——
—
accounts
Earned
-
1, last, and 25 cents
1.941 were
cents each; Dec. 1,
30, .25
Aug.
393.940,452
106,509
par)
debt
Accounts
and
the
be
for
528.012,572
393,940,452
——
of,
Court
to
income
(no
Miscellaneous
holders
to
stocK,
of Appeals for the
exchange of bonds for
sale
the
..
stock
Funded
Disbursements during
1942.
«%'. Years End. June 30—
Income
526,575,650
97,400,000
—
that
ruled
as
squarely on the point by a Federal court.
The "Wall Street Journal," in reporting the decision, states;
■
-The decision, of far-reaching importance* was handed down
22,096
.
,
'
Circuit
S.
has
first decision
6,627,917
,
U.
basis
amortizabib
6,579
6,553,166
expenses—%>
the
•
;
share on the
The
same
case
com¬
••
cents per
This compares with 50 cents paid on Sept.
on
and
American Smelting & Refining Co. — Appeals Court
Upholds Company in Decision on Tax Claim—
delphia
626,000
„
Deferred
Oct, 5.
73,515
discount
Treasury
Total
American Arch Co.—75-Cent Dividend—r
The directors
common
assets
debt
Sundry debits
Lyall
Mr.
t
.'
,
Liabilities—
include
not
daily
flying
said.—v.
1
240,461,886.
of
figure
1941,
;
current
Unamortized
,
year.' .•
%
Pound-miles
■$
on
Accounts
,
r
'
1941
■
••■$
:
and
adv.—subs., etc.— 506,417,584 511,707,457
demand——,.*
11,805,117
5,608,018
——.I ———
306,847
431,833
dividends receivable, subsidiaries
1,419,421
2,982,672
banks,
In
V
,
" : 1942.>
1 -. •'
securities
Investments
air express in August,'compared. Willi, 542,879 In August,
1941, Mr. Lyall stated. >.!
1
•;
/
;
This brought the total for the first eight months to 6,802,786 pounds,
an increase of
105% Over the 3,309,800 pounds in the like period last
June 30
?
Assets—'
■>:
■.
of
pounds
'
'
in
company
1203
The company on
for
Sept. 25 asked the Interstate Commerce Commission
permission to. merge the properties of 11
small railroad companies
;THE COMMERCIAL & FINANCIAL CHRONICLE
1204
.with
about
Santa
Fe
their
•would
bonded
156,
economies.—V.
Earnings
(Includes
the
all
both
The
of
Period End.
B.
Mitchell
oper.
revenues
__
oper.
expenses™—
17,140,044
*Ry
tax
accruals..—
8,093,732
•
Other
——
375,540
4,960
1,704,111
7,588,674
5,275,455
44,061,972
6,479,000
651,383
35,017,330
Miscell.
2?,618,916
tax__._
•Incl.
—V.
oper.
ry.
7,293,000
inc.
Fed.
156,
August—
.Gross
from
ry.
1940
$579,241
$447,817
$272,447
Gross
138,392
12,087
12,724
41,663
from
70,364
railway.._.
3,696,687
3,032,172
2,299,855
643,129
194,516
158,037
*186,159
Net
RR.
1940
$218,973
$164,911
$146,713
156,602
;V
income...
Net
ry.
71,960
34,253
8,893,768
570,622
180,141
3,415,966
1,527,747
Gross
145,173
1,075,265
1,242,994
Net
156,
facil.
ry.
rents
(net)
146,066
incomes
oper.
'
67,954
29,360
11,306
i-
Period End. Aug.
from income
expenses
523,230
r $6,426,266
—V.
156.
$41,642,482
1,245,534
Net
';
•
Period End. Aug.
1,142,557
,Operating
421,940
167,074
133,557
Operating
366,374
126,240
*21,767
Net
1942—Month—1941
$9,493,852
Net
■
"
-
,
■
-
•
$1,448,333
$29,467,799
31—
Baltimore
Coach
13,555,000
$1,815,032
$1,334,177
$948,333 $15,912,799
CM65.696
ry.
*Of
equipment and joint facilities.—V.
956,216
1,337,427
$884,449 $13,788,571
$1,168,481.
This
'•
and
to
$8,372,043
quarterly
a
$10,
par
dividend
holders
to
of
.
of
20
156,
The
$89,821
1,292
10,476
$887,373
A
dividend
$5,
record
Sept.* 26.
25
25
paid
cents
ments
1,
July
and
1942,
cents
previously
•
5,620
45,260
.share
per
holders
July
1941
of
paid
was
record
the
on
$101,048
cents
follows:
24.
This
$85,493
$842,113
$802,756
Corp.- -Plans
Enter
to
as
the
April
15
cents;
...13
stock,
common
17,
1942.
March
cents.—V.
paid
1
$1,
par
made
was
on'April 17,
28.
July
19
of
during
of
1942. ''Pay¬
1941
Oct.
16,
cents per
Sept;
to
were
12
follows;-
as
each,
cents
10
The
directors
have declared
stock, payable Oct.
payment
was
.April 30,
made
1942.
dividend
a
of
stockholders of
notified
285,551
:
"
■
■
!
and
last,
31,
cents
record
the
certain
feels
management
deep water and is considered
peculiarly suitable location for
a
reached
for
in
June
building
normal
doubt
8,
to
that'the
the
that
during 1941 were as follows:
July 31 and Oct. 31, 50 cents each, and Dec. 17, $1,—V. 155,
in
the
com¬
shipyard
a
$128,610
Federal
to
$60,833
State
or
income
He
plant
said
the
1,
2452.
class
have
the
to
of
last,
A
declared
usual
record
and
Nov.
6.
.no
; An
1,
Dec.
on
an
Cxtra
quarterly
stock,
common
vital
V.
dividend
dividend of
of
25
cents
155,
p.
25
:V
voted
this
at
share
law
to
."'v'
v
defer
time.
made,
was.
concerning
1014.
p.
The
'
action
On
7, July
7, Oct.
the
on
Aug.
1,
compared
as
coiftract
'
'
have
directors
stock,
common
amount
inlerim
last,
15
10 and-Dec.
dividend
distribution
a
with
1941.
23,
of
each
cents
*
on
.
negotiation
-
has
clarified.—
been
■
^
_
Jan.
on
declared
dividend
a
payable Oct:-24
disbursed
was
24,
April
on
of
20
to
holders of
25
and
1942; 20 cents each
cents
share
per
record
Oct. *14."
July'25,*last;
April 25, July 25
on
on
A
.'the
like
27'.V
against
as
and Oct. 25,
np
11941, arid 18% cents in preceding quarters.—V. 156, p.
Edison
"Boston
*
Net
system
Edison
;
cents.per share
also
reserves,
$380,000;
Bloomingdale Bros., Inc.—20-Cent Common Dividend
V-
•i
of
had
25, cents
was
$17,662;
Co.—Postpones Dividend Action— i'
have
declared
the
•cents
share, on
per*
paid
June
on
159.
,
Co:—Output Up 7.5%—
output
Electric
of
the
Edison
Boston
Co.,
•
as
reported
the
to
Institute
for
the
week
ended
Sept.
26,
1942.
was
compared with 27,934,000 kwh. for the week ended
as
increase of '7.57!!.!:'
-.-V-; !
For the preceding week ended Sept, 19, M942, output was 30,599,000
kwh;, a gain of 9.1 'l over the corresponding week last year.—V. 156,
Sept. 27,
1941, an
1146.
p.
1 To hold¬
2273.
extra
1941.—V.
of
income,
par),
$200,000; paid-in surplus,
total, $1,472,478.—V. 155, p. 2453.
1942, and on April
156,
1
job
war
management
-value, both, payable Dec.
par
rental
.
$136,344;
$67,378; trust deed
-
■after
property
resumption
for
deferred
liabilities,
cases,
($1
v;
per
accrued
bottles and
William^ P. Witherow.. President,.stated that the matter, of dividends
•wift be given consideration, later after the 1942 tax laV "is' passed and
in
engage
$75,451;
Depart¬
this
a
stock
directors
cents
May
An agreement
on
$13,274;
capital
■ordinarily
'10
adequate sup¬
A part of its
shipyard.
a
company's
the. war.'
after
authority
directors
addition
the
April. 36,
p.
for
on
hand, $232,489; accounts
for
possible uncollectible
items,
$134,817; juice and concentrate in¬
products inventory, $124,782; freight on
payable,
surplus, $518,676;
Blaw-Knox
their, desire
by the Navy
not only-represented
program
on
ers
Disbursements
made
refundable deposits on
payable,
The
•
of certain vessels for-the Navy.Tj*:..?
brought by a former employee and stockholder,
enjoin the company from theses activities, vMr.
improve ^greatly
its
of
construction
for
suit
operations
of
The
similar
cents
Dr42,909'
materials,
Liabilities—Accounts
'V;;1''' ;i;-.
pros-
shipbuilding, but was asking for
specific approval because "neither this nor any management can hope
To operate the business successfully unless, it. has confidence and sup¬
port of the great body of the stockholders;"—V. 156, p: 600.
the.
on
A
50
4,710
reserve
finished
30,029,000 kwh.,
15.
'■}%■■■
1,816
deposits and
(less
$152,337;
$63,693;
Bathurst Power & Paper Co., Ltd.—Extra Dividend—
with
demand
on
receivables
raw
earned
*
that yard
in
a
declared
would
but
cents
to
Slutzker,
Rieber
Dec.: 29,
share
per
Oct.
compared
as
$104,742
$123,900
;■! >
$206,599;
: ;
:
special meet¬
a
changes, being made in its plant.
that the company's- present • and
believes
this
fronts on
to be
Joseph
'!■'*-•■.■.!>
'
25
31 to holders of
July
on
$390,2.93
:
from employees, $2,391;
assets (less reserve for depreciation, $547,635), $505,670; sundry
-assets, $19,112; deferred charges, $84,063; total, $1,472,478.
and April, 1942, the company's oil and asphalt refineries
ro'ofirig plant a't Perth Amboy wefe feldsed down b.ebausfe stop¬
Referring
on
<Jan.
been
ventory,
March
its
was
similar
A
with
other
notes
beyond
and
.
Babcock & Wilcox Co.—25-Cent Dividend—
•common
271,711
•
.
-warehouse stocks unsold inventory, $10,217; due
approval of the company's shipbuilding activi¬
wish no possible question-to exist of
cooperate with the Navy in prosecution of the war!
ment
f :
share
24.
compared
as
'•v!;.' '!''>'■:!:••'!
■
13
record
last,
17,
and
75. ::rx..
p.
dividend
a
holders
to
July
on
Payments
156,
.•250,321
,
Balance Sheet, July-31, 1942
,,
.customers'
stockholders
property
March
>r.
corporation on Oct.
on
■'
T
$22,397),
Shipbuilding
of ""ocean transport made> it impossible to secure
plies of crude oil and asphalt to operate these plants.
with
compares
Axe-IIoughton Fund, Inc.—13-Cent Dividend—
.distribution
•
•
$395,611
$113,778
has
■!.
Assets—Cash
'
•
The
1940
$640,614
(fixed
Asphalt
"But
•
"and
stock,
common
Sept.
17, -lastpand "20
were
-$397,357-!'
provision
(v;
,
954.
p.
management
pany's
i7::"
23, 20 cents; June. 28,
16, 20 cents, and Dec. 29, 25 cents.—V. 156, p. 75.
'.V V '1
f
.'/'.t/'V*. v
V,'• <}■<'}''
i ":*•
Oct.
I.,1';;
•
cents
to
sales
on
-
44,412
the Navy, and pertain
for
said.
1,'
each
2179.
20
1
on
during
25 cents;
•
of
Oct.
on
.2,033,631
,
1941
-
285,394
Note—No
$847,16*8
page
par
4^45,852
.
,
profit
Net
pective shipbuilding interests and operations are and will be of def¬
inite
profit and advantage to the .company,".;' T. Rieber,
President,
per
Axe-Houghton Fund B," Inc.—20-Cerit Dividend—
V
2,572,292
•
17,528
$91,113
5,568
Oct. 21 to obtain
"In
!"T
-l^ ''
.
7,286,103
5,531,022..:
$111,963
"Other
$829,640
$876,897
601
_____—
corporation on Sept. 29
on
"The
,
cents
each quarter*from Jan.
p.
1942
.....
profit
income (netl____________r__
'
ing
with 40 cents per share paid
155,
quarter.—V.
•*' v.V
r
•
•
-
July 31^—*l
Operating
1,104,760
2,298,980
$106,616
income
income
Barber
;
1146.
including
compares
1941,
paid
1
stock,
common
•'•' V"
/•'
11,004,437
.5,662,302 ! 7,171,288,
2,321,564
5,.710,870
;i
"
the
!,1
.,
13,378,211
'*
$9,491,583
7,557,183
9,825,115
."144,883
$106,015
income
Net
:.
156, p.
Auto Finance Co.—Dividend Rate Reduced—
on
764,046
1,139,663
V.
'■]
Expense
$234,704:> $3,175,877 i $1,934,400
371,590
charges
—V.
ties
fihare
*
■■
$852,231 •!. $685,545
Of goods sold__—:T 454,875
289,934
and
Cr63.884 C/*2,124,228 Crl,609,652
Net
Oct.
.''-y
14,217,356
(net);
1942—8 Mos.—1941
$9,981,695
on
,v '.
;
income...
oper.
C! Gross profit
$1,190,920 $13,000,993
revenue.—$477,605
oper.
Gross
-
4,825,000
company
1,107,684.!
441,335
.
'
;
156, p. 748.
Sales
,
Co.)
1942—Month—1941
expenses —
Field—
The
964,680
Birelcys, Inc.—Earnings—
r
*
;
$1,636,551
1,449,759
Co.—Earnings—
revenues
Non-oper.
$14,806,595
500,000
income.
ry.
3 Mos. End.
'■
$44,817,547
40,867,397.30,010,852
3,000,000
oper.
1939
1940
$2,227,813
1,358,218
2,636,345 :20,848,805! 20,977,976
Operating income
„•
1942—8 Mos.—1941
$70,335,196
3,676,156
income
paid for rent
amt.
•:';■•;!
1941
*
,
$2,185,235
railway
taxes.
•'.•V-j.;
v
$5,124,489
5,159,675*
___
Operating
"•Net
1—
;
1,287,908
,
*58,867
'
$4,334,177
for
Corp. of America.
Radio
RR.—Earnings— U':;..■
1942
railway.—.
from
—V.
$3,659,147 $19,548,143 $15,148,403
(Including
k
862.
revenues—
of TV.
half
A
$2,374,925
income...
oper.
from
Gross
;
.
2,594,457
Baltimore Transit
1,231,016
taxes
oper.
required
■'
1.118.883
4,253,879
4,636,803
$3,657,294
1013.
p.
ry.
railway
railway
From Jan.
$37,245,262
130,774
■■V!
from
from
>Cost
1
Fixed
Amt.
'■
$200,000,000.
$60,000,000 credit'obtained by
1146. *!
:
••
p.
August—
'
■
3,078
________
charges'-.
949,236
___
of the
part
recent
156,
,Net
income
1,563,138
31—
revenues
Operating
-
$6,254,829
•>
*7,637
Coast Line RR.—Earnings—
Operating
~
542,786
Taxes
Atlantie
New
Bank of Detroit
is similar to that being arranged for General Motors)
Bessemer & Lake Erie
$62,519,090 $44,655,892
$5,712,043 T$5,903.036 $37,005,679 .$32,991,383
__
income
2,418,492
p.
V.
including. leading
the National
the Government.'
to
the
21,022.180
16,439
-
.
income...
oper.
"Deficit.—V.
'and
1,429,637
'!
railway....
railway
:!.
from
go
3,710,22.1
1939
$348,659
railway....
from
Net
Government-guaranteed
^ Crll,578
.
group," of "banks,
'•. ! •
being arranged by
made
The Bendix deal
$7,657,987
Fixed
From Jan. 1—
Gross
1,193,990
4,745,211
be
is
the
"
3,715,679
Miscellaneous deductions
-Earnings1941
railway...'—;
oper.
ry.
!7 180,805 77 1,794,123 T
.
loan
will
46,775,978
$10,144,410
;
;
1942
from
Net- from
249,975
"7
nation-wide
through.
Federal Reserve Bank of Chicago.
■■■".'
Bendix.loan is expected to carry an interest rate of 2%%. on
The
;•
3,384,844
63,286,155
6,291,711
;
West Point
August—
Gross
13,351,171
3,661,535
$200-
as follows;'/'•*f,/■
completed for a $200,000,000 "V" loan ta
being
are
a
Bendix
will
ry. pper.
rpv. from
Net
■
8,336,664
and
32,581759.9
437,152..
with
institutions.
The
482,896
Net
*68,820
&
York
Cr7,960
•
317,913
236,931
Atlanta
17.151.050
41,'674,519
451,511
expenses
'. Other income
2,340,854
919,867
oper, income...
"Loss.—V. 156, p. 862.
1,910.466
4,422,318'
.
5,289,092
operations
'•.-'Total
ry.
2,704.137
equip..
Negotiating
-
Sept. 25 reported
on
Arrangements
Bendix,
;
*24,347
*28,672
railway......
from
Net
Date
Net
$258,013
201,659
income...
From Jan. 1—
;Net
To
1939
railway—._
oper.
Year
684,030
Joint
1941
railway......
from
Net
Net
and
Railway tax accruals.".
Equipment rents .(net) •_
1942
.
Corp,—Reported
'
Coast RR.—Earnings—
&
{i The INS
v\
August
_______
Net
Atlanta Birmingham
of
Transportat'n for invest.
953.
p.
& struct.
way
.Transportation expenses
.General
Net
,
Manager.
Traffic .expenses —
;
336,435
income.
debits
of
-Maintenance
20,628,256 220,410,892 142,312,871
13,308,095 126,604,221
'98,336,668
2,039,746
48,040,588
18,020,852
33,197,990
Ry,
General
as
Aviation
Million Loan—
■ Period End. Aug. 31—
1942—Month—1941
1942—8 Mos.—1941;
Ry. operating revenues! $27,859,819 $21,375,375$194.831,683$145,642,117
Maint.
Ry.
Bendix
as
with
Earnings For
i]
of .the/Pennsylvania, division,,
•
region,
headquarters, in Cincinnati, will consist
Newark, Ohio, St, Louis, Toledo and Indianapolis divisions, with
Santa
&
Superintendent
Manager,
Western
the
F.
Year To Date
Fe Ry.—Gulf, Colorado &
Santa Fe Ry.:—Panhandle & Santa Fe Ry.)
*
Aug. 31—•
1942—Month—1941
1942—8 Mos.—1941
Topeka
Atchison,
The
General
now
General
953.
p.
and
August
For
Beltz,
-which it operates under lease.
.The
stock of these companies and all of
and open account.
It said a merger
line,
virtually
various
effect
of
miles
600
owns
indebtedness,
'<Monday, October 5, 1942
1,
Boston Elevated
:
Ry.—Earnings—,
■
Balaban & Katz
;
.The
directors
share
two
the
on
Sept.
Corp.—Larger Dividend—
Sept- 25. declared
on
stock,
common
payable
This compares with
16.
50
preceding quarters.—V. 150,
quarterly
a.
dividend
Month of August—
*
*.
*
of
$1
(Ludwig)
„
per
to holders of record
share paid on each of the
per
*Cost
of
Baldwin
Co;
(and Subs.)—Earnings—
Income
profit
for
Prolit
Account
year
for
Year
Ended
to
Dec.
31,
1941
Dividends
on
preferred
<Dividends
on
common
stock
102,552
__
stock_____
_
Prov.
11Current
V
Balance
_■
,
Consolidated
Assets—
Cash
and
Dec.
(net)
Plant
and
Other
'
.Deferred
(net)
;V!.
-12,085
\
Total
v
.
$6,337,730
c
Assets—Demand
Accrued
excise
income
Purchase
:
r;
:
Common
stock
Capital
($100
$6,235,981;
$5,912,694
.
W.
Van
Horn,
to
constituted
its'
into
will
the
of
be
in
of
tion
two
of
or
The
regions,
regions
1
B.
and
&
Chicago
Eastern,
will
general
a
operation
Oct.
at
Central
and
a
New
York
region,
terminal
lines
the
under
of
the
B.
jurisdiction
miles
staff
of
&
O.
The
Eastern
Baltimore,
Wheeling
Th»
the
region,
divisions,
r>nrrM
Pittsburgh,
with
Baltimore
become
General
line
motive
with
reMo".
F.
with
Buffalo
terminal.
G.
Hoskins
Cumberland,
as
headnuarters
and
in
and
cash
on
-
^
Gross
Elbeco
(less
$44,477;
$2,315,000;
allowance
accounts
"Net
for
in
and
of.
a
posi¬
charge
of
■.
the
New
York
M.
General
will
from
Net
.
stock
(no
156,
'
..
308.
p.
(
: 1,684,401
$2,155,193
earnings
$2,039,588
Bell
r
1940
$306,833
$205,783
148,332
317,877
89,318
' '
'.
-f
The
•
.
•
;! $186,716
operating
4,651,915
2,494,954
954.862..
1,723,766
486,827
income
Gross
•
K
Interest
10,188
$2,660,509
$1,749,299
3,152,248
2,355,832
1,537,641
.
.
344,254,
2,205,344
1,875,378
Net
1,857,124
169,115
361,430
State
&
Manager.
par
-
75
$50,
cents
on
Oct.
per
1
was
paid
previously -paid
138, p. 857.
fcach
the
on
to holders of record Sept. 20.
-share
July 1, 1942.—V.
share
$46,361
78,211
6,864
■%! $92,568
$53,226
10,614
7,184
908
9,899
_______
.
income taxes._^__
income
224
468
553
for period-—*$179,442
336,678
"Loss.
'■
common
to
and
.
-
8,709
',
.'
banks &
Traffic
receivable:
accounts
Travel
card
Agents
<
accounts
from
Due
U-.
1941
S.
accounts
;_!,
&
(net).__.l______
receivable......
receivable
:
Net
•;
55,662
50,585
25,166
16,033
11,132
2,705
4,554
254,972
98,899
16,916
23.484
1,421,666
1,134,346
T___!_-__T
fixed assets——
135,161
14,453
$2,284,961
$1,685,948
—_—________
Total
•
including
-
96,041
32,597
u.
;
_____—
1940
$171,624
91,261
emplbyees_-___:__'____„-_
assets
Deferred charges
,
149,504
111,575
:
,Inventories.
:
$43,824
$52,571
Govt.-..L.____
receivable....:—
officers
'
Sheet, Dec. 31
•
hand—______—,
receivable
balances
Commercial
"■
on
$74,932
:!* !'.
stock,
This, compares with
quarter
in
.Accounts
r'.
!'•■•
'
'
Balance
Cash
'
Stockyards Co.—Smaller Dividend—• V:
per
165,297
$14,357
$167,921
'•!
expense r.
Federal
.792,889
Co. of Pa.—$1.75 Dividend—M,
cents
L,739,111
290,319
41,885 i
Other deductions
Other,
50
1939
9,342
$3,286,695
—______—_____—
67,077
30 paid a dividend of $1.75 per share on-the
stock, par $100, to holders of record of the same date.
A like
of
1940
$2,651,166
.10,959
v
"$209,806
863.
dividend
!
-
income—
Belt RR. &
$14,960,878
$3,275,736
^
revenue._________
operating revenue.™!.-T
Total operating expenses..—..
Depreciation
22,080
:
j amount was disbursed on June 30, last, as compared with $2 per' Share
each quarter'from March,
1936, to and including March, 1942.
All
of this companycommon stock is owned
by the American Telephone &
t
Telegra'ph Co.—V. 156, p. 954.
*
!
1
A
12,890,997
$16,335,562
1941
transportation
route
Total
"
25,513
company on Sept.
common
14,359,970
i
depreciation and amortization.—V. 156, p. 863.J
Calendar Years—
Total
•Other
1939 :
74,328
v
railway...^
Telephone
Moi—1941
$30,695,532 $27,851,875
Braniff Airways, Inc.—Statement of Income—
-Earnings-
1941
railway..;—_
p.
*$342,332
Ltd.—Earnings
1942—8
$3,723,989
1,840,165
__.
Assets—
and
Pittsburgh, will comprise
Akron-Chicago
divisions,
with J.
D.
1942—Month—1941
$3,995,358
oper...
surplus,
.0 (!";->
*
439,944
*.
6.043.
$63,492
$178,000;
par),
$719„963
income...
oper.
ry.
—V.
,
comprise
Monongah
for
expenses
"Before
$324,192;
payable,
.
C.
cost of service
over
accrued
common
railway..—
99,497
v
depre¬
income taxes,
railway
99,497
surrender
$2,310,933;
insurance, ^tc.; $150,654; lease
Realty Corp.,"$71,619.; net assets of
assets
receipts
earn,
Operating
$463,023;
cash
;329,374
6,303
Brazilian Traction, Light & Power Co.,
:
hand,
3,761
235,991
324,165
items
Period End. Aug. 31—
<
140,369;,
235,862
.'Deficit.—V. 156; p. 1014,
;
1012
1942
oper.
from
Gross
(Net
be
power,
The
Manager
in Baltimore,
headquarters
'
v
prepaid
payable,
$1,189,800;
From Jan. 1—
f
Shriver.
the
^
lines.
consisting
of
from
Net ry.
on
instead
Western
superintendents.
of
banks
total,-$10,120,778 —V. 156,
lront
Gross
'Net
Phila¬
would
Western,
general superintendent, who has heretofore been
more divisions, is abolished with this change.
terminal
from
Louis
and
superintendent
and division
way,
lines
St.
2,100
with
manager,
transportation,
maintenance of
about
cover
maintenance,
O.
and
into two districts, Eastern
now
of
charge
superintendent
engineer
as
three
effective
terminals
three
being divided
Each
Vice-President,
Western
,
•„.
3,761
Non-operating income
RR.—Segregates Lines Into Regions
that
announced
28
delphia
June 30,
Beaumont Sour Lake & Western Ry,-
:
Baltimore & Ohio
of
from
August—
...
,
.
284,411
1,599.096
___v
•
C.
par),
167,500
155, p. ,1210.
Sept.
Federal
1,070,293
284,386
In
Excess of
expenses and taxes, $76,989; pro¬
$111,940; contingent and deferred tax
-provision, $1,012^200 convertible ?'T cumulative first preferred- stock
($100 par), $1,947,500;
non-cumulallve second preferred stock
116.769
*$6,337,730
:
'
123,920
'
for contingent and deferred tax
is included from date of acquisi-
Inc.,
Sheet,
$69,002;
due
credits,
for
1,542,200
1.689.724
:
Total
—V.
customers'
vision
1.070,293 "
surplus
provision
accruals.
&"■
less
expenses;
!T 40,000
70,000
pay__—__—
$660,692
other
208,322
roads_.____.._.
020,000
$535,067 j,
$173,437;
166,400
shares)
surplus
Earned
(133,786
$2,500;
1,542.200
preferred stock, series A
•
•
190.575
•412.645
preferred stock_.______-.__________._—.
tOf
$5,054,190;. inventories,
Liabilities—Notes
40,000
147,46l!':
'
Reserve for contingencies
G'ir
259,700
'mortgage__!;^_^_.__-i'_!;__j:i_.ii>:
credits '
018,397
deliyery equipment, $15,852; improvements to leased
property
(less
allowance for amortization), $69,788;
goodwill,
$1;
(total, $10,120,778.
"
....
T
...
-_-L_
.
504,000
$445,592
Realty Corp., $1,739,778;* fixed
ciation),
85,217
59,951
.
taxes
money
; Deferred
.
tax__.;
Drl37,500
730,563
221,523
bonds..:..——.—___'—
on
140,613
892,882
and rapid transit line rentals.
Interest
114,421
operating, administrative and
insurance,
Elbeco
291,933
91,830
expenses
Federal
receivable,
Xdeposit,
$265,000
$368,838
Subway
deposits
of
value
;!v
-t-!!'! ,!v!T-:
253,054
(Including Eastern Supply Co., Inc.),
•
"
6,306
$5,912,694
___!
payable
Federal
-
V:v'■-'• v;^■
payable—bank
Accounts
•
/,/.."..7
Liabilities—
Notes
294,631
Supply Co.,
ft
1941!'
8,
accounts
;
249,759
Balance
30,745
•'
494,937
•162.500
_*
income.
SEastern
Feb.
854,942
38,310
charges to future operations
miscellaneous
-2,173,675
872,258
________
312,145
Miscellaneous
liability.
tion,
;
*312,210
271,238
■
'
2,627,615
2,465,061
assets
_ _
back
leased
for
250,440
165,816
expenses..^.!-'——
Federal, State and municipal tax
014,050
010,223
Rent
$837,914
adjustment
•
less
Net
1941. tv;
$219,412
•
$493,482
2,456,534
...
$86,142
Cr34,507
238,640
270,235
trolleys..!.
Transportation expenses
general oper.
-
$2,081,182
267,279!
!*
142,013
inc. tax.
*Including selling,
1942
L_
(net)
_______
equipment
.
81
-
hand.—.
on
Notes and accounts receivable
Inventories
Sheet,
*
bank
in
\
Balance
Fed.
184,357
buses, trackless
cars,
1941
1942
$2,744,735
_—
''Power
.Undistributed
'
for
163,580
Cr2l,304
Interest
133,780
:
10,513.975
169,593
Maintaining
$10,751,581
Elbeco
Prov. for doubtful accts.
$322,474
.
$8,780,577
.8,573,908
r
receipts
^Maintaining track, line equipment & bldgs.—
1939
*
-
Other
bomds_*_
Corp.
>
sales
&
of
trustee
Realty
-
9,087,626
;
167,725
—
red:
on
1940
>
.
Total
$9,476,589
goods sold_l__
Depreciation
§1941W:
...
__-.___i_i.___! $9(489,671
8,990,992
sales
Net
2248.
c
Net
1942
.Years Ended June.30—
Sept.. 30
cents
p.
(& Subs.)— Earnings—
Baumann & Co.
(Continued
on page
1234)
-v.'':
"
Number 4113
Volume 156
THE COMMERCIAL A FINANCIAL CHRONICLE
:
Stock and Bond Sales
DAILY
New York Stock Exchange
«»
WEEKLY
-
delivery sales are disregarded in the day's range,
NOTICE—Cash and deferred
1205
YEARLY
-
►
unless they are the only transactions of the day. No account is taken of such sales In computing the range for the year.
United States Government Securities on the New York Stock Exchange
Below
furnish
we
Stock Exchange
Daily Record of
f High
--•{ Low
[Close
In $1,000
,
sales In
$1,000 units
3%s, 1946-56•
»■
Total
[High
$1,000 units.
sales in
3%s, 1943-47—
—
—
$1,00
*4
Total
—-
Total sales in
___
\
—
,
-
1
2y4S. 1952-55—
Total
Low
[Close
sales in
$1,000 units
•':-'T (High
105.6
\ Low
105.6
[Close
105.6
2'As, 1954-56—
,
•
,
.•
—
units
Total sales in $1,000
—
2s,
Total
Low
[Close
Total sales in
\
—
'
-
[Close
Total sales in
-A'M-1955-60.
.
,
Total
;
—
lpsm
1
u
•
Total
1
sales in $1,000
units
2s,
;%':
1949-1951_;
Sept.,
( Low
(Close
Total
.
sales In $1,000
^
units
'
(High
(High
„
2%s, 1951-54—1
2%S, 1956-59
[Close
(High
Low
(Close
—
\
l
sales In
2s,
108.6
—1
—
;■-'>•••;.•'
.
sales In
$1,000 units-—
1953-55
2s,
-
Total
Federal
-
in $1,000
sales
Farm
units
[High
Mortgage
•! Low
[Close
3'/4S, 1944-64
Low
[Close
'
$1,000 units—•
sales in $1,000
Total
X"r
;
units
—
(High
■
(High
23As, 1960-65-
j
—
3s,
Low
[Close
Total
sales in
$1,000 units
2%s,
"
%
•:
i
•
.
Total
sales in
sales In
Close
:%>
":■' *
••
:••;"//
Total
sales In
$1,000
—
Low
•Odd
•
•
//%,—
—
LOW
t
per
3
;
•
*46%'
47
109 Va
110
46%
••
36%
40 %
40 %
6%
35
34%
*60
35%.
■
*65
2
.
47'A
►
36i/2
42%
•40%
1.08'%
42 '/a
*47
47'/4
110
;
41%
300
471/2
>108%
*31
*42
44%
300
hh
4%
4%
4%
4%
/-
11%
6%
71/4
*22%
23%
*22%
23%
100
13 Va
13%
1.3%
13%
13%
1.000
Address-Mutigr
x3434
34%
35
35%
2,900
Air
7
6%
,- ■ ■■
-
;
a; 34%
35
*60
35 Vs
70
70
1%
2
-
79'%
*75
/•
1%
*74"
79%
'
*60
70
*60
1%-
1%
*70
.
-
4%
4%
4%
•I
4%
•
-
•
:r.i v
,«
7,700
1%
5 Va
2,500
4%
4%
1.500
11%
ll'/4
11%
17'/*
17
17%
*60
69
*65
133
51L>
133
"10
151 b
6
241/4
*17 1/2
.
10
*
6
*69 3 *
*7
*11 Va
*61 "t
•
133'/2
10 V4
15
22V4
*39
73
2214
For
footnotes
5Va
135 "2
69
*65
*5%
134
-
5%
5%
134
10
HO
10%
143,4
-143,4
14%
14%
*14%'
15
5%
6
*55B
5%
*6934
74
*69%
*10
733',
243,
17-31,
24'/«
241/4
17'/2-
173;
*%
10'/B
173,4
10
■
72
24 y«
17%
17%
534
*69%
73 31
24 %
*
'
1
1
•
14
*11 '/a
14
*%
♦11
1
14
241%
17 %
17%
'■
%
%
*11%
69
•
5%
5%
136%
1,100
10 %
200
Allied Kid Co
900
14
14%
5%
5%
*70
24%
17%
*%
*11%
2,300
,
Allied
5%
71%
25%
5,600
17%
1
Allied
1,000
.
600
Chemical
Stores
Alpha
preferred—
1.000
Amerada
preferred-
61'/a
61 Vi
61%
62%
21%
21 Va
21%
22
22
22
22
1.000
Am
39
39
39V8
40 Va
40%
41%
41%
42%
9,100
American Airlines
see
page
1215.
62
Agric Chem
.
("Deli—.
118 V2 Apr 28
10
May 25
11% Apr 24
4
Apr 28
Range for Previous
:
No par
22% Jan 2
73% Feb 27
5% Sep
149
Jan
12'/ft Jan
15% Sep
6'% Jan
81
Jan
30Ye Jan
25
6
26
25
27
Feb
55%
■/- 34
.Dec
54%
Dec
5y»
Apr
81/4
Dec
24»/4
17%
Sep
51% Jan
43%
x
Sep
Dec
Aug
9y8
Dec
15%
34%
.
Nov
45
July
Sep
75
Aug
73
Jan
Dec
5
Dec
99 Vn
Dec
%
3%
Dec
10%
Jan
3y«
Dec
9%
Aug
11'A
Dec
21%
Apr
17 'A
Dec
25%
Jan
4%
Dec
n'/4
135 Va
Dec
10 »/4
Feb
1%
85
%
Jan
Aug
Jan
"
11%
Dec
Jan
167% July
13
Aug
14%
Apr
9
13
3
18% Feb 3
1% Jan 26
187/s Jan 27
Oct
24%
37
Jan
10
Apr
20
Feb
63 % July
18% Jun 30
62 % Oct
23% Feb
41 %
6
14%
Feb
22%
Dec
25y» Apr 17
48'/4 Jan
3
40
Feb
58%
Jan
Apr 29
No par
tnc———10
10
7
26
26
27*.
Highest
t per share
46
87
July
•
17
Year 1941
Dec
64
50
49% Jan 13
109
Jun 16
43
Jan 12:
48% Jan 13
7% Jan 3
23% Sep
8
13% Sep 24
38y» Jan
6
68
Mar 2
2% Jan 13
Feb
Jan
Jan
Jan
Jan
.
S per share
I per share
94%
%
6
5%
/
Lowest
71% May
22
No par
1—
Petro Corp
613[
213%
39%
62
-
9
par
Amalgam Leather Co Inc———1
22
61 Va
-No
Portland Cem_„
23
100
-
Mfg
61%.
'4
par
No par
Corp
21
391,4
Dye..——No
.5
Allis-Chalmers
6%conv
13%
&
611/1
4
3% Apr
Allied Mills Co Inc——No par
*10
15
2
17
18
May 25
65%, Sep 23
-1
800
14%
5%
24 '/b
16
136%
5%
136
136
■
*60
69
*60
15
»11
62
5'/a
135
10
69
'
16%
15
143a
24
1
33'«
51/2
*69:!i
173a
*65
I331/2.
».
6
243ft
14
69
*11
_No par
Alleg & West Ry 6% gtd—
100
Allen Industries Inc_
4%
5
Apr 24
Jun
8
Mar 27
Apr 28
Jan
6
Mar 24
69'% July
Jan
3% Apr
3% Apr
9% Jun
Alghny Lud Stl Corp
5
4%
11 Va
10
2,100
4%
171/8
—100
Vicksburg Ry Co
Juneau Gold Min
3,300
4%
4%
171/s
.
18%
4,700
4%
11%
171/4
par
12
3«
4%
*17 V «
No
Inc
11%
%
•
4%
.11% -11%
10
17%
-
ft
4%
17Vi
5%
18%
10
29 V2
61
1%
No par
No par
Corp
Albany & Susq RR Co
80
4%
111.
5 '/a
,5.t
3
rra ..
%
&
Alaska
May 14
Sep
9
—25
Corp
Reduction
-Mar 24
31
39
—100. ;
Allegheny Corp__—
No par
5%% pf A with $30 war
—100
5%% pf A without war
100
$2.50 prior conv preferred-No par \
*74
80
*4%
•
*17
5V2
*
Adams-Mills
Ala
70
1%
1%
2,000
May 14
104
-
Express—
6%
23i/a
13'%
*65
n
-
Adams
6%
*22%
7
37
100
No par
—
Steel Co—
13%
-35
78%
u
■
Acme
23 %
*6%
-
JJ
preferred-
Abraham & Straus
36%
41 %
No par
Abbott Laboratories
4%
110
36V2
*31
t per share
Par
*13%
2 'a
*75
1" '
47
110
..*30%
1
70
1%
79 %
i
1
On Basis of 100-Share Lots
Lowest
Highest
Shares
share
Range Since January
<
STOCK
YORK
EXCHANGE
*22%
13%
35
.
.47
*108
:
36%
NEW
<
the Week
I per
I per short
per shar$
*40%
23
13%
,
67
2
*75
47
S
Sales
Oct. 3
Oct. 1
*30 Va
:
6%
23
'
bonds. V Transactions
RECORD
STOCKS
for
Friday
Thursday
-
Sept. 30
110
40%
6%
13%
*46%
*109%
110
40 %
23%
*13 Vi
Wednesday
I per share
36%
7
*23
coupon
109.17 to 109.17 odd lot
2%s_——1955-1960
Treasury
PRICES
1
*30%
•
SALE
HIGH
Sept. 29
46%
.*109 %
*30%
AND
Tuesday
$ per share
share
only the sale of
in registered bonds were:
units
Monday
Sept. 28
Sept. 26
$Cash sale.
tDeferred delivery sale.
lot sales.
Note—The above table includes
"
NEW YORK STOCK
Saturday
sales in $1,000 units
Total
(High
....^ Low
■
(Close
._
Low
•
—
$1,000 units.:
2Vis, 1950-52
——
High
>.;•
■
iy2s, 1945-47
(Close
v
•
Total
V
_■}
1949-53
'V
■
1 Low
[Close
1944-52—
r/;r ■:;
$1,000 units........
(High
2'As,
[High
.:
—
-
.
'
Total sales In $1,000 units
...
r-u
Close
$1,000 units—
Loan
3s, series A,
f High
■{ Low
[ Close
1948
In
sales
Ilome Owners'
$1,000 units.—
/%%/
.
2M.S,
•
sales in
j
Total
(High
( Low
(Close
1945
Total
j Low
1944-49.
i
.'
—_
>
Low
[ Close
$1,000 units—
(High
(
;
\
Total sales in
\ Low
[close
—
-.V
f High
(High
{ Low
2%s, 1958-63
1951-55—
Total
1
(High
...
...
108.6
;
$1,000 units——i—
——
•{ Low
-
sales In $1,000 units
V
108.6
[Close
Total
1949-1951
Dec.;
Total
units
'
Total sales in
2s,
( Low
(Close
Total sales In $1,000
•
10
„
"
"
100.10
(High
—
$1,000 units
2%s, 1948-51
100.10
—-1close"-
•
(High
sales In
....
100.10
(High
f Low
1949-51—
:109.l8
10
2%S, 1945-47-—Low
l;-':
[Close
Total
[Close
'
pales In $1,000 units
2s, June,
109.18
109.22
•
units—
'
10
(High
___
[Close0
°
-
sales In $1,000
•■■.•v
■-
Total
101.7
■{ Low
^
—
109.18
109.22
(High
{ Law.,.
"
:
:
1
'
1948-50
101.7
101.7
units
■,
'•
$1,000 units.
sales in $1,000
2s, Dec.
—
•'
•
—
f High
( Low
1948-50—;
•
■:/
/H
Low
units
[ Close
Total
$1,000 units
_
sales in $1,000
2s. March
■
(High
3s, 1951-55
Low
(Close
'
;
_•{
1946-48—
\
1947
■
[High
3s.
10
—.
(High
[High
\ Low
[Close
$1,000 units..—1—
sales in
13
Low
[Close
'•
Total
100.31
"6
f High
103.24
—
[Close
3%s, 1949-52—
100.30
1
Total sales in $1,000 units
,:
103.24
103.24
24
—
Low
/'Total sales in $1,000 units—
101.4
\
2»/4S, 1951-53
"2
( High
—J
100.31
.
Low
—
100.30
(High
102.18
/■';
—
$1,000 units
%s, 1946-49—
100.31
101.4
$1,000 units—
sales in
i
102.18
—r
[Close
3
100.30
Close
[High
a
100.14
—
Low
102.18
Low
[Close
——
100.14
—
101.4
2y2s, 1967-72.
—
—
$1,000 units—
:
100.14
—
units
'
3%s, 1944-46
—
—
'
Total sales in
In
sales
Total
___
—
f High •
( Low
—
—-\
3'As, 1943-45.——
—
$1,000 units
High
[High
-
—
[Close
./■/
—
—
units
$1,000
Oct. 2
—_
( Low
[Close
2y2s, 1962-67
—
f High
( Low
[Close
—
Total sales In
sales in
Total
—
—
:—
=
Low
[Close
•
•/..
—
\ Low
iciose
-
Oet. 1
\
2Vis, 1956-58
—'
-
Sept. 30
f High
'V
—
Sept. 29
(High
•
Total sales in $1,000 units
/•■•
(•
:
'
'
•
•
•
•
-
•
Sept. 26 Sept. 28
U. S. Bond Price*
of
Record
2%s, 1952-54—
[High
{ Low
[Close
'
•
Daily
Oct. 2
—
.
—
'
»
Total
-
Oct. 1,
Sept. 30
Sept. 29
Treasury
'
units
4s, 1944-54
-
Figures after decimal point represent one or more 32d of a point. (See note below).
' 'Sept. 26 Sept. 28
Prices
U. S. Bond
Treasury
• /■' %
4%s, 1947-52
Total sales
Home Owners- Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
daily record of the transactions in Treasury,
a
during the current week.
3
14% Apr 17
Aug 19
12% July 24
43
Mar 27
2
5
Dec
14% Mar
%
Dec
Sep
21% Aug
1%
Aug
Sep
J206
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK
LOW
Satiirday
Sept. 28
■
f per
1 per share
7%
734
44
'•
*414
4%
*2574
*12674
*66%
18%
18
88%
•*14
27%
*2674
12634
*12614
127
17 a
2
174
6674
67
172
6634
66%
173
24
2434
60
59 74
60
*18 74
■
1834
*106
'1814
111
18 74
*8834
8934
*8834
18%
*15
183a
*15
614
'
*15
*5%
1514
'9974
99 74
"*113» ,11%
•'"''*74
<■
5
1134
1 a
in
1
5
*
574
*74
1
*4,74
*1974
5
.
20 74
*1974
17a
"
20
174
'
•
39%
•
*4%
*'34%
29
*274
*74.
34 74
"3434
29
*
274
274
*32
34 74
434
" '
34%
29
28 Vi
29
*234
*33 74
74
234
"7
3414
*38
-
34 5 a
*32 7
2%: 77 •■■7'::-
Y
*4834
49
1%
1%
1%
*1%
32 Va
*31%
32 Va
32 V
49
48%
48%
49
4874
4874
174'
i%
32
1
Amer
$7
17300
29%
2*4 ■;
;700
3%
*5
5 %
36 %
'
■
*5
,.:•
,174
■Pa. *174
17 a
32 %
3174
3134
534
i300
5%
*36%
7%
*3%
5
39
73/a
i
■77%
79
78
79
'
12
,
'
81
12
.
12
12
12
i.
i
80
12
7
'•I
78%
V:c
78%
12 .7;
12
5
*36 %
j.
''
"79
338
33a
77
7,:
6 Va
6'/a
nis
19%
19
116%
*115
*115
1167/a
%
34
19Va
%
/.
19
19%
'••17%
5 Va
*145
*148
*
<•10
145
148
10
56
10
10%
2814
39
39%
•:
10%
1014
39%
142 %
*33%
*10 V2
'
•
10%
17%
119
118'4
40%
41%
43%
44
131 Va
132
5%
116
*114%
103 a
*10
18%
*87
7
11874
2%
4%
••..
4%
2%
y
*45
*4
574
28
58
7 58
4
4
*40
46
4
*11474
'
<40
27
16%
111
2614
2574
26%
*26%
16%
16%
*111
'■<- *1%
*
34
•
.
103
*44
28%
:*3%
1%
.274 4
59*
*374
3%
.2%
:
28%
*35
44 '/a
2914
Razor
1
4%
*81 Va
9934
7,.;:
4
Preferred
Am
2%
7
-
674
*6
•
74
6 Va
70
70
'
*70'4
7
-
6
5734
573it
374
■»s
4
:
;
*40
34%
102'
4 lb
1,700
1%
45
44
50%
28%
28
*6%
7%
5%
*68%
--
*67
74
,?■'
1st
50 % v
48%
4974
6874
693 a
29%
30%
30%
307 a
*23%
2474
42%
4274
*4314
17V4
17%
1734
29%
30%
977a :
*25
27
98%',
Wks 61
Elec,—No
preferred—.
V
Jan
Apr
2434
Sep
38%
Jan
414
Jan
V; 5i% Aug
Feb
Sep
42%
2
14
4
Feb
6
2
.if 7
Jan
21
6
40
Jan
15
5
10% Jan
6
7%
9
8914 Jan
16
7714
Jun
12
May 29
Sep 10
r.
v
;•
'7
1
Dec
20
2%
*98
Anaconda
1220
30%
Oct
Dec
414
Jan
81a
Dec
;,V;;7,13%
Jan
Dec
VYy ,50
38
V'
2
2634 Jan
9
Jan
9
534 Oct
Dec
•;V13% Jan
,
2
'
Deo
"•>7
Dec
;7:
Jan
3
155
13
9
Dec
59
Feb
24
60
Dee
73s Oct
1
,
101* Sep
Apr
147.. .feb, 3
r. 35 v July 13
11
.138
139
3
2074 Feb
'
2
12.
Feb
3
11-
July
Mar
26'
721% Jan
"
"
■
Jan
634
•
7,115% Dec
6
•7 :168 34
4334
Dec*
4374
.
Dec-
14
2
3 34
28% Aug
3
23%
10814 May
II6V2 Jan
6
Dee
112
2
3 % Jan
x!43
3
•
174 Apr 15
Augl4~
39
334 Apr 18
par
par
52
•
-jm* Feb-3
554 Jan
$5
*:
dlv
Andes
A
W
preferred—
Copper
P W
46
Archer
',700
f,6
conv
7
2,300
674
(200
Arnold
1900
Artloom
4%
159
-
7
.
r'-vY
Jan
Jan
Dec, •a29%
Sep
Jan
Jan
Aug
Y11634 Aug
2%
Deo. V-V 7%
—6434 "D«r~
3%
C
7%
—
3,100
preferred
—
Cork
5
42
43
14
234
Jan
874
13
46 V4
Aug
14
Jan
5
30
Se"
2214
Y
Jan
16
Jun-
7
Deo
34
11138 Mar 12
26
Deo
Feb
108%
414 Jan
14
2%
67 % Feb
4
Sep 11
Sep 15
Jan
2
Feb
30
July
',.,,35% July
AprJ: YY. 17%
110%
111% Mar 12
V
Jan
56% July
Deo
Y 1114
c
Sep
8
:
'
24
;
174 July 28
Sep
11.514
Oct
:,7';;'12%
Jan
2%
Jan
•t.
,
7 :7
3334
Sep
Mar-- V. (112%
Sep
Deo
514
Jan
70 %
Sep
47%"! Jam.
pi;*
!
,
Jan
21
60
Jan;
72
Sep
2914 Sep
23
20%
Deo
3434
Jan
714 Jan
25
6 %
Dec
934
Sep
66
3
4% July 10
234 Apr 28
par
Jan 7 3
112% Mar 19
"10
23
10
'■
17
Sep 29
81%
May
■2834 Jan
V:
-
Deo
Jan
21
574 Mar 20
par
Corp,———5
Corp.—„No
57# Jan
50
Mar 11
214 Sep
-7
100
—
Co——No
Constabl*
H
preferred
Associated
79
100
Dry Goods.,
6%
1st
preferred.—,
7%
2d
preferred
82
May 20
100
a
Deo
634
Jan
87%
•
3
Dec
>01 %
Oct
534
Dec
8
78 V
Dec
Jan
17
76
Dec
2714 Sep
16
20
Dec
634 Jan
-
6114 Mar 24
53
Jun 29
..,100
July
77 % Jan
414 Apr 28
1
i 100
83
5
"
103/.
Sep
88
Sep
102%
Aug
'
27
1100
:
..
.99%
9812
51 ;:7
52%
58.500
69%
6974
-3,300
30%
333 a
33
34
30,600
2334.
2334 7 :
4414
Assoc Investment
ilOO
5114.;
69 Va
9814
—
hn loo
737'a
*25
pf 77#
Illinois-
prior preferred—-No par
Armstrong
77#
72
s
Co
;'l
102
gtd.-lOO iV 102
61- v Feb
14
Jan,
0914
Deo
'
9934
*70
*69
61
5014;
67V
—No par
——i,.5
Midl'd—-7—No par
Daniels
2812
-
50
par
Mining—-20
Paper Co Inc—
'7634 Jan
Aug 10
314 Apr 29
V 3834 Jun 23
"" 2254 May 20
1
' 2434 Aug
1234 Mar 11
May 26
107
:734 May 20
——25
Hock Glass Corp——12.50
(Del)
614
71
27
.
Aug
,-.74%. Jan
,
•
Deo
Sep
-
73%
>
Jan
Sep
98
614 Oct
«:
1314
1934
Jan 27
Jan
Y'11% July
V
yy;
22'%
.14334 Jan
17'
Jan
28%
Deo
Sep,
Jan
1134 May
6
Apr
;
Deo
13
374 Apr 27
Apr
.
54'/
.
,7; 150%
81
14
27
22
,155
,
Dec
7V;'' 8% Deo:
Aug 14
Jan
Oct
:-':;i74534 July
>
4
Jan
•' 120
77
Dec
Deo
15%
;7
Jan
1034
V
4034 July
;a
8
13
Jan
7
6
;
Aug
1574
Dec
*
Jan
15
(
' 7% Jan
7:7 7,7334 Jan
,,Mar
2934
Jan
1C5V»
Dec
73334
14
"1447 Mar 14
29
Jun
Jan
29
Jan
39
•77
,7 Dec '
6
14.
43
7
434
8
35% Jan
13
May 25
9714
7834. Mar 27"
2
23
17% Jan
13434
10114 Apr 29"
4934
33% Apr 24
(. 50 34
34% Apr 20
par
4674
Feb
Jan
7'/a Jan
;
Aug
3% Jan
334
12
V.9%
par
26%
Dec
Dec
1714
7
Sep
Dec
Apr
Jan
%
165
1674 Jun
par
6%
23
121
2034
'■<
22
28
Jan
'•7',9514 Jun
•
Feb
23%
5
22
Dec'
814
3
Jan
26% Jan
,
334 Apr 25
29
TTT1
preferred
of
697'-
-
7
Jan
1714
15% Apr
7,111 -/Mar
4
Feb
119
Dec
2%
24
23% Mar
% Mar 14
136%
—.1^——100
Copper Mining
:
ii Cable.—No
Anaconda
Anchor
1500
493a
98%
Sep
Feb
2Va
Aug 28
634 Sep
May 15
35% May 14
No~ pjrr
Woolen——___No
ArmourCo
*82
74
697a
2934 "2934
Water
Armour
6
72
*67
4674
97%:'
Sep
374
"
Dee
674 Feb
——100
2.000
3 34
-
9934
5%
V
69
*25
2874
Dec
2
24
Corpi,7—_14
41400
2814
7
768%
5%
•■72
69
45%
ii 769
2674
Viscose
103 %
*40
4
*8274
4674
4574
687»
26%
f
—1_- —vlOO
23 »' V 27a
45'%
50%.
4
4%
9974
K-'
28
:r-
*638
98%
2634
Feb
l'/«
34
474 Mar 11
^—,.25
Amer Zinc Lead 61 Smelt—
18.500
34%:
103%
234'
45
*40
•
343a
102
74274:
*25
9914
preferred
$5 prior conv
27; •
93a
34 3o
102
27 a
28%
70
.No
B-——'
Preferred
•
9;1K '
1%
174
*34
2634
*96
Tobacco.—
preferred,
$6
2,500
1 7/8
*96
45%
t6%
Am
45
'111
:
Jan
1434
5
52T« Apr
Tobacco—^——25
American
1700
17«
6
70
Aug
114
"%.
914 May 25
-—
;300
iioo
V ,72--
*70
74
6%
Dec •
9
17
6.
14214 Jun
Telep 6c Teleg Co——100
5%
—-100
414
934
"8V;
*25
'6874
;
,
4,500
-46
4%
*1117,;
-
Jan
50
13.
12% Apr .15
-
.
•
~97a
*81%
V
r100
Sumatra
Common- class
2(300
7*4
374
21
July
'
2%
46-
27
4
No
Co———No,
flOO
•16%
99%
Jan
Mar
•
par
*11474: 11632
16%
2874 '•
7 7%:
*81%
•
Foundries—^.7— No.
American
27
43%
Jan
9% Aug
33% Aug
1514 Apr 23
—-100
6,600
26 la
*40
174
7'
Dec
—rr—
28%
16%
.
Dec
May
2134 May 21
Amer Type Foundries lnc_t_——10
26%
2%
Feb
Va
1 % Sep
20
.
par
,620
43
.
.
Sep
434
6
22
113% Feb
—18.50
6,500
57%
Jan
Aug .:
2
Oct
22
29
100
American Stores
•;■■■
'
,
preferred
'*'-614
.
834
19%
05%
•
July 24
.
2,
Apr
25
!—
131% '13114
26 %'
45.
*6%
77*3%
72
Steel
Amer
'7
Amer
1674
102
v
Jan
2
4
_L__—„4100
—
preferred..—4—.-
American
25:%
51
2874
7
4 74
*70
6%
2,800
2634
*33%,
Feb
1
13
.
9%. Apr 30
par
Smelting & Rcfg_w_7—No
9^000
16%
■
Dec
9 l'a
78
27
16
par
San'y_;;__No
Rolling Mill—',
conv
tPreferred
-
3,500
26
27 a
Nov
474
•
.;
2V:;, 41%Oct; 2
2.;„
5% Sep 17
614 Jun
American Snuff—2.5
l.
tlOO
27:
34%
xl7
'•
29
5
Sep
35% Mar
Ship
Amer
7,1500
16%
1%
11
26
-
Jan
8
65
Seating Co—4—-No. par
Building Cow—-No .par
2674
174
Sep
<
Jan
121
'
374
*40
*111
;
6'
9914 Sep
Jan
Dec
9 Va Mar
% 2234 Jan 27
July
115
90%
6
1714 Mar 26
.
Dec
-Apr
107
Jan
.
Sugar Refining———100
414
57 %
46
*9
•
par
Ainer
2(700
■
95 % Jan
79 %
23%
Feb
16%
;•>
2
274 Apr
par
American
:
;.
-
56
3
Mar
32
25
No par
i260
25%
97a
2%.
v
45
*6%
'
,:'.6874
6c Stand
Preferred
1250 V
417a
>4
4%
*40
102 7 102
.
*
9934
.
Co_—„..No
Safety
16% 7
1%
50%
45
*40
7
6 74
News
American
-48-%-
Jan
Jan
3434 July
1174
x3674 Apr
1 % Jan
—100
American
2674
34
•
2%
28%
*8114
7-:.
102%
:
45 74
'7*674
Rad
4J/a %
-300
11914
7334 Jan(13
2014 Jan
110-
r
,
par
;400
,
4034
115%
9514
185
Apr
2.
par
;__No
1(700
87"
273a
Dec
'
Oct
—No par
Ltd
—No
preferred—No
$5
Am
10 r:\
26
*9
35-
2%
i
45
■
■
Metals—
Light—,,.
preferred—
$6
'
102%
.
234
*35
9%
*34
103
*234
;
American
.
18%
7:
Aug
Dec
23
1
Oct
3
'v.' tf-r'
*447-t
*56%
*111
*9'4
1%
*114'
34
Fdy Co_,l^_.No
&
Stoye
6
.
!
'
American
.■77.
5514
157%
'■«
Jun
130%
37
25% Jun
par
12 00
423a *35274
6
2
r
-7 39 7
Apr
"'Mar
2 Va May 26
V; 3% Jan 10
32% Sep 2436 , : May 25
V
1
No
1(100
11834
2734
27a
*4
111
of
Amer Power &
]400
2234
131%
16% Jan
par
10%
.•
115%
No
10 V2
Si?-
53'a
114 Jan
^100
10%
-
Jan
33
2
187/b Jan
par
<-10, i
41
27%
'
974
131 Va
-
116
.
46
*40
16%
7
—
*9%
i
19%
4274
5%
274
:7:
4
*
26%
.
16%
46
!
2
9
;
—10
preferred
American
3|600
.7 18 7a
1193a
■
28 ; :
*4474-
g
58
3 7a
26
•
2% 7
4 Va
*56
•\".
4 Va
;
42%
.7
132 Va
27%.
,
H6.
4%
58%
57%
2574 "2614
*26%.
6%
3990
77 877 7
*2174
2234
4074
43 7a
5%
Y
•
Va
*44% —481
4%
119
41%
s4
132
132%
2%
■Y
-48-%-
:•
183 a
7
'
*114%
•
274
48%
V
1,07a
V 87 %
*22
119-
41
42
~
"
50
144%
7|7> 1874
10%
:7
>718%
22%
-
2%
Mach. &
6J300
13974
*140
a
% 87%
88
7
22%:
4114
5%
115%
187
7*1014
10%
18
43%"'
27%
28
18%
*974'
11874
132
5%
27%
"
*44%
Amer
Mach
*
2814
139%
Co
Metals Co
"7^*33% 734%'
144%
18
'Oct
27
.A Jan
preferred——_50
Amer
10%'
"
1
314 May 27
Leather—.——1
Locomotive—
'
-"43%
132%
5%
'
'27%
*11.4%
140
'••
1,900
1/39% f: 40;
'337-r733^
*140
107a
88%.
22% Q.
118%
4i
11914
41%
43%
T.
*140
• 145.-;18%
7 18%
1814,7
*22
413«
"
139 74
x
34:-~
*33%'
"
1014
*87
43%
5%
2734
X122V3
4
1614 Jun
Preferred^100
.
23*800
734
A.; 10%
3914 4.39 V4
10% :
17%
88
:;*2i%
""'
"
22%
87
Y
22%
131%
"■
10 Va
Invest
conv
'
10%
*7%
.
;
!800
57;
v.
28%
28 %
141-
>
77 a
i *io
39 3a
141
18%
1014
11%
17 Via
88
35
?■" 10%
*10%
"27%
39
7-.
145
*18%
11%
118%
77«
28 %
1834
17%
74
7%
*10
i8%
1.7 Va
*22
■Vi/: 7%
150
10
56
-
v
5%
.
American
4280
534
*145%
97a
56
Deo
8% Jan
26%. Dec
15
10
.
5
May
3a Jan
par
Co
Corp.,
Amer
V
16% 7:' 17%
•
American
2-500
5%
150
974
56
*27%
*140
no%
*87
V
7-
Jan
70Va Jun
'i;.7%.Mar 11
No par
preferred—
■
1374
io% r
*145
v
1014
39%
34%"
144%
18 %
5%
97/a
2814
141%
144
5%
f
56
*27%
141
*140
150
974
56
7%
167a
5%
:"•*
*10
,
39%
"140%
" 141
33 ^T 33%'
■7*7%
7%
•
Z 1674
92
lce_„No. par
2,800
vV 3,4 '
193a
?
19
Aug
47'/a
Dee
175
\
37/« May 25
14% July
1.
..
'
80
2474
/,3a
:7
&
2,600
•
116%
2474
n
tit
183a
Hide
Internat
Amer
1,400
67a
19
,7' 116
247a
18
;
16 %
*145
'
9 7 it
55%
*28
141
"5
145
10
56
73a
10%
*140
5%
9%
28%
39
5
116%
-
,
18%
16%"
17%:'
'
*24%
*.'%
:
7a
.
18
16%
•
247a
%
V7;
t«i
*115
I
Jan
conv preferred-——.—50
6 %non-cum.
ilOO
12
t
15
American Home Products..———,1
1900
1834
2d preferred A——.
American
2(900
*614
•
934
Dec
10
Mar 16
1
I
774
12
7:
6%
18%
69
V
par -:
i
7931 (79%
12 7
6%
1874
;
•
11674
24%
'■
it,
55%
7%
28 Va
19
%
41%
". 3%
2% Sep
May 27
par
Export Lines Inc
'400
5%
73a
.
6
14
33
May 20
105
N J„—25
l^OO
V
39
*36%
,
774;
*78% i; 79,74:
%• 12
6%
13%
*115
25
5%
10
56
7%
2474
5%
148
9 "it
55%
6'/a
18%
.
116%
u
•'"18%
19 %
;,
17%
5%
6 V4
19
%
tt
1734
18
6%
24%
24%
24%
24%
-
6'4
19%
6%
19
.
*5
39
714
'
19
■
Feb
i
t per share
Apr
13034 Feb
'
55% May 21
16
May 26 V-
•
par
For'A
American
-300
'
5%
2
j
'
4874
'3%
*5
39
7%
7%,
3%'
7:
•
5%'"
*5
*36%
37
7%
7%
'
*
5%
37
36%
7%
3 7 it
*3%
3%
3%
par
Power——No
preferred—^——.u-No
%.6%
4934
of Allegh Co
American Hawaiian SS
3474
i
No
v./'.; $6 preferred-^—-——---No
1900
'
*3 %
&
$7
37
Inc—
Colortype Co—A----—10
Crystal Sugar,-—^-1.0
American
Amer
3,400
49
29
—100
Cable
European Sees———No
1|300
174
'
I per thart
share
t
Highest
•
Mar 12
>
Year mi
5% Jan
13
1st
2,500
4
4874
32
%
L,I
*3174
•'
174
*31%
per
47
20
20
Range for Previous
Lowest
814 Oct
28
563a Apr
preferred-,,,,—--,100
Amer
Distilling Co—
—i-,,20
American Encaustic Tiling—_—_l
2,700
.'•
YY;
:
"31
.6%
2,^00
2%
Apr
159
preferred—100
Co
American
474
*32
$
2
Apr
par
Chicle—J_wi._Na
American
'■•41 %•■•:;■.
•
434
2834
3414
a
Am Coal
:'•'■■
Q 00
.77
1,200
7. Y
1 30
21 ;*'•
-A. 35
29%
2%
347 a
:7.
77
174
39
;
Fdy—_No
shart
7 1 % Apr
—100
—
Ac
cenv
American
;
1
5
1
39
24%
*2834
..
* i ;"i
20%
Y
434
234
*32
1274
174
;7,7 414
29
v
-i
13
*4 74
.
2034
1
V
34%
29
;
2
*32
3414
;
16
99(4
J;
1
38%
4.%
"V
5
:
6% ;
1534
a
23
120
Car,&
Chain
5%
400
18
i-e
No par
Preferred
Am
<
100
Y
99 7
•
12 7a
7"7 1974
r
38 74
434
34%
74
1
V
Y
434
,.
8(f3,4
7:
99 7a
17.74
4
77'
1974
-1
39'
38 %
434
234
*32
174
434
35
2914
'
1974
*1
39
■'.
5
*1934
174
39
434
*4%
20
114
"
39 74
•■■■7'."
8934
■■.."Y Y
6
1,700
1,300
10634
*15
Fdy_7^;
1
Lots
•
10634
'
<fc
Corp„—____1
Can—.25
American
•
-Monday, October 5, 1942
Highest-
14
33a Mar 11
Radio
&
100-Share
i
.
3874 Apr
^1
preferred™^——100
conv
Cable
of
57/a Jan
50
Corp__
tPreferred
3,600
:•
1874;..
18
•
1574'
77;. *474'
'
;
Bosch
American
130
;
60
5974
7
16
*97
7
7
89 34
••;Y'71574
5V<%
Amer
2,400
Y
2574 Y
Basis
Lowest
preferred__________„._
'
.66 74
175
74
On
Note_____;_____t.-10
Brake Shoe
Am
80
6,900
6574
7 .;
18
6
■
1174
1 'Y;:;.
%
574
15 7/2
1174
6%
Bank
American
1,000
2
24
112
*15
27%
175
5874
•
*89
•
99 Va
1
1174
18
18
15%
American
200
127
24 74
58 74
*97..
•
Range Since January
STOCK
t per
40
•
.
4%
17 a
6634
*106 74
8934
6% 77
99 74
44
27 Vi
175
24
■18%
8974
15 74
*97
7;
111
*16
*15 7 4
1134
*474
1
*4%
7,
15 74
99 74
7 ;... 771134
8934
18
*534
6 74
*1514
*97
.
18
YORK
EXCHANGE
2,500
*126%
174
*173
59
*10674
-
27%.
127
66%
7;
-
24%
59
v
•
.
Ill
,*106
i
173
2334
.
*2634
6 7;
173
2434
60
74
27%
*6634
173
24%
;
NEW
Shares
8%
,44
*434
■■
4Va
*126%
2
8934
*534
54-% 7
for
"
2
17174
ill
814
*434
1263/4
61
6
*44
434
2 74
67
4106
4514
STOCKS
the Week
M per share
•>
8
■
12634.4
'25
61
26%
734
434
Sale#
Oct. 2
share
per
734
*44
'
4 74
$
2
17134
25
"4 74
26 %
share
734
45 74
Friday
Oct. 1
-
•
RECORD
•
Thursday
12634
2 74
171%
t per
734
*44
474
474
127
*2
44
26
share
734
8
7%
27
S per
STOCK
PRICES
Wednesday
Sept. 30
Sept. 21)
,
stiare
44
44
SALE
HIGH
Tuesday
Monday
Sept. 26
AND
■
57#
Co——No
preferred—,,.
Atch Topeka
59#
100
6c Santa Fe
,,100
preferred--i—
Atlantic
Coast
Line
20
Jan
8134 Jan
27 V2 Jan
par
—100
Jan
82!
Aug
96'/a Mar
2
18
Jan
7: 73134 July
2
5334
Dec
34
Oct
2
13%
Feb
7014 May
28% July
34
Jan
5
13%
Feb
7-45%
Oct
1614
Jan
56
Nov
19''%
Jun
28%
Deo
May
11114
52% Oct
;'70
2
16% Jun
^
3514
Mar
9814 Aug 20
6014 Jun 25
1934 Jun
-100
RR—
'
9
6
2
24
"
*23%
24%
*42
'"
44%
1774
1734
*23
24%
>>42
4474
*23%
24%
*42%
4474
17 Va
1774
.
■
'•
'
103%
7
105
634
*47%
4834
52
634
2
*19%
■<
7-
115.'
734
*52
'
*134
21
*19%
.7
374
12 74
6
374
414
133a'
13:%
*24:%
3.03
19 74
241
rt'7
:
' 5%
534
2974
1034
■'£: 3
1274
12
374
674
*13
5%'
•■;
-
'
21:v'7'7:
Y.-*7%
314
2074
33a
57>
...
a
*103
7 *20
1
200
3%
12
1274
934
a
1234
12 74
1274
6,800
3%
•
57«
67
*574
'•••■
a
•
3 74
3%
10,100
6
6 74
6%
6%
8,700
5%
30 %
30
10%
1074
11%
*26 3.,
27%
*2634
2714
%
95a
"
4% '• '
27 74
25
.,,100
,—5
,
—.50
—
.
par
;
Mar 16
1434 Apr 30
9934 July 20
76% Sep 21
7
preferred————_ 100
conv
4634 Apr 25
>
; 43
111
Corp—-i—No par
Nichols—
574
434
•
•
No
1474
<334 7%
May 23
May 25
7
/
par
45%
2314
.109%
7% .7
5014
70;
116
•: 914
234
22
,
;
Jan
3
Jan 28
Feb 20
Jan; 5
Feb 16
Jan
5
Jan 17
Jan 26
Jan
9'
Jan
9^
4% Jan
107
634
Sep
7% July
Feb
47%
Feb
61
-
Apr
6
Feb
13
-234
10%
Nov
Jan
121
Oct
0% July
134 May
«
5114
72%
•
May
111
374
May
Oct
25%
Oct
614
.
Apr
,2.800
1,700
700
Bayuk
25
*24%
25
25
25
*2414
400
Beatrice
107
*102%
110
110
*1027a
*774
*26
28 74
*79%
84
*79%
84
100
*774
8
*7%
8
100
*16 74
•'*26
*1614
29%
Y
14
74
13%
13%
14
14%
14%
34%
34 %
24%
34%
34 %
35%
2.100
.7
7,400
'
13 74
13%
13 74
*53%
547,
22%,
2134
223-,
*13
■
52
13%
74
22
13%
13%
5374
52 %
52 74
22
*21%
'
1*215.
5434
56
54%
*109%
■
110
110
*10974
5434
110
,
5434
*109
22
.
5534
110
Bell
13%
1,000
600
Pr
500
Best
2134
2134
56%
10934
28
274
Jan
23
334
Dec
'Apr 15
6Va Jan
20
2
31% Sep
23
6'/8 Mar 25
1134 Oct
2
414 Jun
4
22
Jan
Cigars
—•_!
Inc,,.^
_,No
Creek
13,900
.
v
100
Aircraft
w
7 %
&
3%
:
18%
(Del)
734
6
1334
Dec
2474 Mar
6
17%
Dec
3134 Mar
Apr
15
Mar 20
Apr
8
24
634 May 14
13
May 20
—1
934 May 20
28% May 21
par
par
,,100
'Sep
27
2314 Jun
—_No
—
Feb
Sep
974 July
35
1814 Jan
64
No
Steel
Dec
Sep
July
21% Jun
2
.———5
Co
Dec
■
Ills Jan
50
par
.v,
514
27%
'
1234
3
par
-No
34
;
30
20
Loan
1234
Dec
Apr
15% Apr
;
—
Dec
7
.
Jan
534 July
8% July
1214 Jun
No
—
Corp
preferred
.
'20
pfd $2.50 div series '38_No par
Bethlehem
20
103
RR,
Indus
27
Jan
__25
Aviation
Beneficial
Jan
wNo par
Creamery,—i—
preferred
par
6
30
83g Jan
,——5
Corp
4% Apr 25
24% Aug 20
>
par
19
Dec
27
•'
50
Co,
Iron-(Works
'Bendix
53%
55
_A'o
Packing Co
Belding-Hemingway,—
52 %
*109
2
414 Jan
7% Jan
100
—10
Beech-Nut
13%
*
14% Jan
3
—50
Belgian Nat Rys part pref—
1434
34 74
Bath
Beech
.
14
Barnsdall. Oil
$5
8
34 74
5334
V
2974
*16%
13 74
page
25
105 %
82
82
29
(
i_—100
preferred!
9%
*2674
100
preferred,—,—
Dec
974 Jun
7 234 Jun
e——13
Brothers
'5%%
1934
5334
see
•Barker
13%
13%
56%
200
t
•
;
9%
*10274
v
Aroostook,——j
5%
19%
934
13
Works
Ohio—j_
Asphalt Corp,,L—
13%
54
5534
4%
&
Conv
Barber
9%
*1674
14
Bangor
(
19%
8
34
520
5,500
13%
84
*16%
\
Si
preferred,;,
93a
29 74
14-
.1,100
30 74
4f#
19%
*77a
8 74
34 74
7
*13%
13
.
'
14
534
•
Loco
Baltimore
19%
24%
•
474
27
93a
1934
*-104%
"
34 %
53a
'Baldwin
*19%
13
1934
25
*434
*26
9%'
13
81 %
110
'
5%
*
footnotes
;
——
33
- Apr,30
114 Apr 17
$5 prior A—
—u-i—No par
1514 Apr 28
Aviation Corp of'Del (The)—; 2% Jun
2
24,100
33a
1034
*26%
2274
"
334
28%
2974
563b
1
Powder,——————-No
V, :Austin
20%
••■iY'V" 33a ;•
11
84
2234
preferred
Atlas Tack
*i34 7V 174
28
4
1974
110
8 74
*16%
pref series A
Corp—w,—
67#
734
17a
*20
7
3
Atlas
10
114%
Lines,—
Refining—_J—
conv
Atlas
500
114 74
I SS
"
10%
*2674
13 74
*19 74
247
8 74
110
*1%
■
1,100
V-900
54
}Z?•54
•
754
4%
6%
4734
-
W
6c
preferred——100
7 Atlantic
0
28
*82
For
•134
4734
.-
*7%
7% %
3%
534
*2674
55%
54
115
/
63h'
-
G
57#
104 74
*102%
'
•
"
1034
29%
109%
.*5234
*1.74%
5274
115
:%7
.
6 74
483a
3,600
Atl
300
17%
287%
84
*217-4
105
*634
*4734
.
•
100
4374
«
17 74
1034
*82
13 74
*10314
7
.
28%
434
'
74
*26 74
*53
•
-
6 74
43
Y
•
■''"■'•
2734
934
;
'
110
*774
*1934
374
:■ ■,■:
'
19 74
134
6
•
»'
6
V. *474
;■• *26
'
*26
.271%
95«
934
-*7%
105
43 74
...
"
2874
-
'
21
•
1274
334
*1074
Y
10%
474
*11474
3%
12%
33a
•••'•'■'■'. 6
30
10 %
*20
12%
1
534
-*29%
52 74
115
*774 7Y734"/
*!%■
lla
(•••■ '3
374
6%
4734
:
..*23% .2434
;
1734
'
;-
6%
'*574
21
374
'••'
12 74 7:
Y
2-
*10374
6 Va
483a
53 74
; 7 *11474
-
:;
105 yy;
<
*4734
5374
5334
*11474
7 *774
■
*103%
6 74
48
r
% 374
3%
'6%
7"
7%
7*174
'
105
48
115
*714
,
:v
52
11414
17%
*103
■■7*6%
'
17%
9% May
6
46%'Mar 18
.17% Apr
27
'49% May 25
105
July
1
25 34 Sep
2
104 % Feb
16
.
Feb
24
11034 Jan
10
30
8 Va Aug
15
May
20
102%
28 Va
108
Dec
10% July
!
i
2734 July
106
Oct
Feb
32
Apr
Jun
126
Jan
Dec
24
6%
Dec
8
1034
Jan
17
3234
Apr
41%
8% July
Oct
16% Mar 30
39% Jan
3
Sep
1414 Sep
12
10%
Dec
20%
54
Sep
24
50
Aug
57
24% Jan
19
1934
Deo
51%
Dec
89%
Jan
Dec
131%
Jan
6674 Jan
121
Jan
2
7,
115
Jan
'May
34% July
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
NEW YORK STOCK
LOW
Monday ;
Saturday
Sept. 26
24 %
t ptr share
*24%
241/4
16%
17
-
24%17
'
16%
5%
5%
"12%
12%
'
5%
HIGH
SALE
t
*24 %
' 24%
I per
.24%
I per share
share
Sales for
Oct. a
Oct. I
the Week
I per
share
*12
12%
5%
24%
16%
16%
5%
;
17
5%
5%
5%
12%
12%
12%
EXCHANGE
'
AA
>
800
3,100
Blaw-Knox
Co
V t per share
Par
■
Blgelow-Sanf Carp Inc
Black & Decker Mfg Co
300
16% *"
Range Since January
12%
•
*9
10
>
10
*57
68
68
*58
16%
-16%
16
16%
35%
55 %
"16%
*35
*8%
V
-
10
*9
68
*9
60
10
*
*12
*58
3.6%
16%
34%
35
68-
„
•
—2_
.
V
,
■
87
"85%
A'
A
-
V,
87
*85%
34%
84%
35%
:; :
-
130
86>
*80
34%..* 35"
35•
"35
35%
35%
5
V-,:
•
15%
"15%
15%
*15%
74
15%
15
21%
21%
21%
%
21%
21%
21%
"26'/a
26%
26%
26%
26%
27%
2%
2%
*28
22
21%
8'%
29-
*20 V
8
29%
"20 %
*30
31%
33
1
*1
•■*.34'
9
9
•
•>
•
3,700
:
,;':AA
300
100
-
8%
500
•
'
'
*29%
29%
12%
12%
6%
6%
6%
%
6%
^6%
12%
*28% '
'12%
108%
108%
108%
30
*12%
"'•*6%
*107%
108%
2%
29%
-
300 '
2,809
A A
2% A
•
.
50 '
1,800
•
280
53
Co
i
'•
Budd
No
Wheel
Buffalo
19
*17
,
Jan
2
Jun 25
Mario
May 22
Jun 29
Jan
2
' 5% Sep
par
-
700
Butler Bros—
A
-10
*.
-
.
5%
California
A75%
Packing-
preferred
Zinc-Lead
Callahan
16% Jan
2
50% Apr 14
2
10
Dec
17
Oct
7
70
Dec
90
Mar
6
12%
Apr
24%
25 Ye
2
?
38
Apr
7
17
Dec
18%
Dec
21%
16
Apr
21
'
%
111%
Sep
Dec
39%
Jan
10%
Deo
17%
Dea
6%
Dec
12%
Jan
14 V#
Dec
25%
Jan
23%
Deo
41
Jan
38
Apr
45%
Oct
f
Dec
2%
Aug
v
1
Dec
6%
Jan
1
Dec
14%
8ep
37
%
30
Jan
11%
Dec
7%
Deo
7%
15%
23 '
26
19%,
55 %
8%
3%
42
24'A
Feb 14
16
*
109
Sep
23% Mar
61
Jan
12%
118
Jun
2%
Jan
5%
Dec
Jan
t
July
76
Feb
:«
SV# July
6%
Mar 30
Jan A5
Jan
7
Jan
3
Jan 10
July 11
Feb
6
Aug 17
Feb
5
Deo
IS1/#
Deo
34%
23 V#
Deo
35%
15%
Dec
20% July
49
Sep
66%
May
Not
A
Dec
0% July
1%
Dec
4%
15
18
2%
23
7%
ii
.A;
Jan
11%
Jan
Feb
100
July
Apr
12
Jan
24%
Sep
64%
15% Deo
61
Mar
19% Jan 26 7
515/# Aug 13
Aug
4%
Deo
Deo
6
Sep
6% July
Dec
Deo
76%
Sep
25~
Dec
4%
6
IV* Jan 14
Jan
6%
21VaJuly21
37/# Jan 14
8% Oct 2
95
Jan 13
15V# July 9
.
Sep
3 % July
28
Jan
9
Jan 27
Jan
3
Feb 6
6% Feb
Jan
23% July
Feb
Jan 16
Jan
Jan
54
Nov
1%
Jan
>
Deo
14%
1,400
,
„
Jan
A 17Va. Sep
40
\ Jan
5%
Aug
39%
Apr
-
100
v
7%-Ja.n
-<
——
200 ,A
Jan
5
-
2
Sep
35
Oct
Deo
-—5% J-uns^T —'7-V8-Jan.l4^i^^4 3i-Deo.
1IV# Jan 2
15% Apr 6
9% Nov
Canada Dry Ginger Ale—
5
A 9Va Apr 25
12Va Sep 24
10V# Jun
Canada Southern Ry Co
100
3% Jan
2
53/s Oct 2
26% Dec
Canadian Pacific Ry_.
25
A 3% Jan
2
5% Sep 25
3
Dec
Cannon Mills
No par
29V# May 16
37 Va Feb 16
32% Dec
Capital Admin class A1
1
1% Feb 10
2% July 20
1% Dec
$3 preferred A
-10
32
Apr 20
*37
Feb 5
32
Deo
Carolina Clinch & Ohio Ry——100
77
Apr 14
89
Jan 28
79
Dec
Carpenter Steel Co
—-5
22Va July 2
27% Jan 7
22
Apr
Carriers & General Corp
1
2% May 18
3
Jan 19
x2%Deo
Case (J I) Co
100
54% Apr 17
72
July 9
43
Feb
Preferred 1
—100
117
Jan 16
126
Sep 30 A 112
Mar
Kepi a -Cons-Cbp-u s --a.-- S
Campbell W & C Fdy_
No par
Calumet
.
.
% Jun
1
i.
Jan
8%
112%
• 3%
66
No par
——50
Byron Jackson Co
2,400
18%
24
14
No par
conv
Dec
16
35
8
Sep
Jan
13
31% Oct
2
43
Jan
3
% Jan 13
Al%Jan 5
9% Feb 7
;
Aug
10%
89
19% Feb 14
•
2 V# Apr 17 %
A A 6%.Mar. 6
A 71 Va July 24'10
Jan 10
preferred
——30
1,400 A Butte Copper & Zlnc-1
—5
5,800
Byers Co (AM)
No par
60
^Participating preferred—_—100
*
31%
.23%
Deo
Oct
2
Feb
9
Jan
5
Sep 30
Jan
6
19% Sep 25
Sep
2
May 27
:
May 1
May 1
A 53
Apr 17
6% Jan
2
21/# Jan
2
'
40
Sep 25,
18
Jan
1 A
' ' 4% Sep
4
Co—
Forge
/
A
5
27%
2%
30%
20 %
9%
11%
>,
16%
19Va
' < 14%
————1
2,100
Bullard Co
I
—No par
200
i; Bulova Watch—!
-No par
1,400 A Burlington Mills Corp-——A,
— 1
400
*
Conv pref $2.75 ser_
—No par
3,400
Burroughs Add Mach—
No par
2,300
Bush
Terminal-!—---——1
40
6% preferred—
——100
50
•
Bush Term Bldg 1% preferred—100
300
■A-'*24
Mar 31
;
■
—
Dec
14
3
40% Jan
17% Jan
21% Sep
Apr 28
May 20
No par
—1.
(The)
Deo
15%
Jan
Jan
Jan
95% Feb
May 29
72
par
2
.
700
6%
*11%
r
100
.
12% A
2% A
23/
*52%
A
6
May
——No par -v'. '26
Jan
2
Bristol-Myers
Co
—-5
30
Apr 21
Brooklyn Si Queens Tr_
No par A
-ft Apr 16
Bklyn-Manh Transit
No par
1
Apr 29
Brooklyn Union Gas
——No par
'■ 7
Apr 23
Brown Shoe Co
—No par
28% July
1
Bruns-Balkc-Collender
No par
'
9% Apr 17
Bucyrus-Erie Co
!—5
6% Aug 21
'7% preferred
100 x 103V# Mar 12:
Budd (E G)- Mfg
No par
'
2% Apr 24
-7% preferred
;
100
47 Va Jun 10
100"
1 %
25
Briggs & Stratton
100 v
33
A
-
x8%
%
„
500
2,300
•
35
35
*1 '■•*;
•
500
•
8%
—1
No
Stores-Inc
Borden
1,300
19%
33%
''
5.500
:
class A—
Co
Class B
Bond
600
A
Ami
21
70
Apr
21% Jan
35% Oct
5
30%
13V#
115
^ 18%
Borg-Warner Corp———
5
19%
Boston & Maine RR
A
100 A '
1%
Bower Roller Bearing Co*—-35
25
Brewing Corp.'of America-.
*15
xl5
Bridgeport Brass Co—,
..No par A .: 7%
Briggs Manufacturing-.
No par
15%
350
,
3,600
21%
8VsA
19% '
19
.
'
A
-
1%
19
•
■
2%
;
28%
"28
8%
:
2% *
2%
V'2
-
-Bon
Sep 24
24%
19%
7%
14%
12
58
July 15
13% May 20
8.000
'
"35 •
'
•
Highest
I per share
per share
Jan 28
2
14% Apr 29
5
Sep 21
11% Jun
3
8
Apr 30
—Blumehthal & Co preferred--.
100
Boeing Airplane Co——--—--1-5
1,300
Bohn Aluminum & Brass
'—5
/ 17%
17
Bliss & Laughlin Inc..,
5
Bloomingdalo Brothers——No par
200
.
A;.-'
10l
J
•.
Year 1941
Lowest
t per share
■
18% Apr
No par
No par
No par
—
f
*12
Range for Previous
I
On Basis of 100-Share Lot#
Lowest
Highest
STOCK
NEW YORK
'
Shares
Y
*24%; 24%
*24%
16%
24%
*16%
5%
5%
STOCKS
Friday
Thursday
Sept. 30
per snare
RECORD
PRICES
Wednesday
Tuesday
Sept. 29
Sept. 28
I per share
AND
,
,
.
3% July
41
t
Jan
02% May
30%
Jan
3 Va
Jan
,
Bep
.!
—
100
87%
,
-
125
Jan
.
,15
82
.
110
11
A 6%
" 66
!"...;'!. 16.
of Amer
No par
prior preferred-—-100
Celanese Corp
90%
yu
*116%
118
5%
series
7%
prior preferred—
—79fc~2d
90
Celotex
>
40
5%
600
preferred
-
Foundry
Central
—No par
111
Lt
Central Vloleta Sugar Co
A
Century RlbboR Millsj
, Preferred.
t
Cerro de Pasco Copper
•
2,100
-
.Certaln-teed
5,200
j
Products
-
r
A
6%
preferred:
1
;
Cab Mfg
Checker
:
Chesapeake & Ohio Ry
Preferred series A—
&
Class
1.700
;
East 111
3001
2,300
0%
1
Childs
Chile
80
700
10
20
2%
*2%
*35%
*—
2%
37
75
.
*109%
36%
36%
*—
111%
*27%
*110
10
111'A
110
—
A 110%
#9*;
0-7
*25%
99
99%
200
75
26%
28%
*98%
700
*96%
99%
*96 V#
70
v
28
99%
-
300
50
5 i»
*79%
80%
*79%
*48
50
41
32%
*143
75 Va
80%
50
*48
50
32'/#
40%
32%
*143
148
75%
75%
60%
60%
'
*560
15
104%
14%
75%
*60%
41
75%
61
*560
31%
*143
315/#
'
31% '
*143
75%
75%
61
*560
40%
40%
148
61
...
79%
*48
75%
*60%
79%
*79%
50
*48
40%
31V*
148
.
*560
—
1,400
31%
1,900
'
148
Preferred
76
*60%'
62
200
Class A
—'
_i_
Coca-Cola
*560
700
15%
15
15%
15%
15%
15%
15%
'
104%
*103%
104%
*103 V4
104%
*103 %
104%
'
—%
14%
*14%
14%
14%
14 Va
Coca-Cola
2,900
*103
14%
14%
*105
15
107
14%
25/8
3
4%
4%
4VB
3%
4
3%
3
14%
*105
14%
3
14%
2%
4%
4
107
14%
3
107
v
*105
107
14%
14%
14 Va
14%
14V8
2%
2%
2%
2%
2%
4%
4%
4%
4%
*3%
3%
4
4
*11%
*4%
14%
-
*105
14%
4
4%
•
107-
■
3%
*3%
12
12
12
11%
12
11%'
11%
11%
11%
11%
11%
see
page
1215.
11%
4
2,400
,
3 '
1,160
-
•
1,040
4%
•
150
4%
12
11%
11%
12
12
11%
11%
11%
12
,
1,000
3,300
No par
!
No
'
Intern Corp
conv
-
,
r
Columb Br'd Sys Inc cl A
i
No par
No par
No par
_100
No par
1st preferred2d preferred
Class B
par
No par
preferred—
Colorado & Southern
4%
11%
100
—
Colo Fuel & Iron Corp
4
-
:
(The)—
Collins & Aikman
5V*
1,800
i
Co
Colgate-Palmolive-Peet$4.25 preferred
•
15%
.
'
12
footnotes
*105
15
gtd——50
7%
gtd 4% stock——J
50
Climax Molybdenum
No par
Cluett Peabody & Co—
—No par
75%
104%
15
1
preferred—,.——100
(The)
'Special
41%
31%
i
Bronze Co
Clev & Pitts RR Co
20
50
*143
75%"
62
80%
.
40%
*15
'
For
*40%
-32
1$
A
*103
14%
113
14%
32
*140%
61
15
*105
*79%
*48
41
75%
*60 %
*103
80%
50
41
32 s/#
148
*79%
*48
41%
B0%
?
25
J
Clev Graph
i
•
No par
Co
Chrysler Corp
—3
City Ice Si Fuel
No par
6% % preferred
—
190
City Investing Co
100
City Stores
5
Clark Equipment——
No par
C C C & St Louis Ry Co 5% pfd —100
Clev .El Ilium $4.50 pfd——No par
700
32%
—10
Copper Co
f
*
No par
Cotton Oil-i
Chickasha
100
100
100
^__2.50
2.50
A Jan
V
2
% Jan 2
% Mar 23
A.* 8% Jan
2
100
100
preferred
preferred
Chicago Yellow Cab—
1%
2,300
.
'•
11V# Jun 26
IV# Jan
3
20
May 28
V
' 1
"
i'-u
,
—
5% Dec
65
Deo
*15% Jun
107V# Jun 15
22
May 11
A Sep
75
V
!.'■
Julyi
1% Deo
3%
115%
Jan
|
4 Va
Aug
,j:
17
Deo
}\
4
.July
07
Apr
:
.
30
28
5
2
Deo
77
Oct
23
Dec
1% Deo
2
22V# Apr
11
13
34% July
5% Jan
37 V#
Oct
21%
Jan
Deo
22%
Sep
,
14
Deo
107%
Oct
,
5%
Deo
Jan
98
;
Feb
2
7
18
Jan
31%
Deo
44 V#
Jan
93
Deo
102%
A
8
1% July
Dec
Sep
7% Sep
17
1% Mar
6 Va
2% Jan
26
1A
3
13% Sep
16
3% Mar
-
A
Nov
|
8%
Jan
0Va
Feb
19% July
37%
Apr
44%
49
Apr
64
A
'
J«n
5
A
% Sep 28
1% Sep 24
8
13% Feb 27
Deo
July
%
.
Jan
%
A
Jan
8 V# May
9%
Feb
14%
10%
Jan
July
A Feb
A Dec
1% Sep 25
11% Jun
Bep
Bep
2% Feb
6
1
Deo
3
Aug
Jan
13
20
Deo
27
Jan
25
41% Deo
Jan
9
10% Aug
3
8
Deo
10%
Feb
Aug 18
92
Deo
104%
Aug
40
Aug
46%
2
34
Apr 14
Feb
3
Jun
6
Dec
4 V#
Bep
37
Sep
15
29 V#
Deo
40 Va
Aug
Mar 10
70%
Oct
85
Jan
109%
113
Aug
72
112
Jan
3
29
Jan
Dec
95% May 15
77% May 14
84% Mar 10
tl
Dea
May 2
32% Apr 28
25% Apr 24
50
Jan
26
44
Jan
5
Jan 22
145
24
72 V#
63 V# July
99
36% Jan
3
33%
103
44%
Feb
Oct
Mar
60
27
28 Va
Jan
Bep
84%
48% Nov
Feb
39%
Deo
Bep
16
142
Dee
148
Bep
80% July 10
78
Deo
106
Jan
9
Feb 25
60
Mar
740
July
Sep
63 Va Jan
470
15% Oct
1
105% Jan 22
15%
105
18 V#
4%
July 17
Jan 2
Jan 26
Sep 22
5'A Sep 22
5
Sep 21
13% Jan 6
13% Jan
6
10% Dec
100% Feb
11
Deo
*?co
12% Dec
1
Dec
% Dec
11
11
Dec
Dec
;!•
11%
3
52
i
,/
39% Jan 21
63%
July
740
16%
Sep
Nov
106
30'A
114
Nov
,
20
Jan
Mar
Jan
1%
Jan
3%
Aug
2%
Sep
21%
Jan
21
Jan
"
(;
Oct
Deo
17% Jan
,
July
Mar
3 Va
6% Sep 24
:
Feb
Oct
16 •
19
10
17
»
14%
May
25
7
1
21
i
Jan
95%
24
11% Mar 13
iV
A,,
6
98
56% Mar 24
55 Va Jan 28
470
Feb 23
- |
2
5
,47
,,
22% Mar
2
108V# Deo
2
,7: 1
Deo
29 A
4% Feb
100% July 27
97% Apr
10y# May
96
May
13% May
% Ai)r
.1
May
% July
8% Apr
8y# Apr
Dec
~—10V#Jun"~
''
2
3
12
26
2% Mar 9
28
Jun 25
67% Apr 17
43V# Jan
9
Jan
92
May
32% Sep
139
122%
—
Jan
100
Aug 11
Apr 28
July 16
12
33
47
—
116% Mar
17
8% July 10
i 36% Jan 27
2
8% Jun 2
4% Jan 23
'
Chicago Pneumat Tool—
fto par
$3 conv preferred
No par
Pr pf ($2.50) cum div_—No par
Chic Rock Isl Si Pacific
100
>
400
1% Jun
Co——50
50
—
29% July
17% Oct
19
15% Sep 14
Co—.——3
Chicago Mail Order
800
32%
Co
A
Chicago Great West RR
5% preferred
8,100
*97
RR
8%Jah ~3
71Va Jan 3
23% Jan 27
60% July
36
Deo
18% Dec
3
2
93
Jan 12
120% Jan 22
A 94 Va Jan 14 !
23
29
17
12
25
27" !
No par ;; >14% Jun 26
-—100
93
Apr 27
5
5% Apr 22
25 A 27 Va Apr 24
—100
* 89
Apr
8
No par
*
% Apr 16
A
40 AAA 2% Jun
5
Cham Pap & Fib Co_—
110
Jan
22'/a Oct
42
.
No par
Chain Belt Co
;
:
200
24
24A
.
-
preferred
6V# prior
Apr
Apr
Apr
Apr
Apr
Aug
Feb
Apr
1% May 27
2% Feb
90
Mar 10 A 110. Jan
Al% Jan 2
35/8 Oct
11
Jun 29
18
Jan
No par
2% Apr 14 3 V# Feb
100
82
July 6
95
Mar
No par
27
Jan
2
34% Sep
-—-_1
: 1% Apr 28
2Va Jan
_100 > 23'/4 Jan
2
29VaOct
Co*—1
preferred—100
100
4%%
JCent RR of New Jersey,
_
No par
^-lOO
Corp
A Central Aguirre Assoc
700
100
-
preferred—
Central
*560
30
No par
Caterpillar Tractor
2.100
20
THE COMMERCIAL & FINANCIAL CHRONICLE
1208
Monday, October 5, 1942
NEW YORK STOCK RECORD
LOW
Saturday
$
I per share
'
Thursday
♦■,.. Friday
•
Oct. 1
Sept. 30
$ per share
snare
per
STOCKS
Wednesday
Sept. 29
Sept. 28
t per shore
HIGH SALE PRICE8
Tuesday
Monday
'
Sept. 26
AND
f per
Sales for
Oct. %
share
$ per share
l'/a
l'A
l'/a
174
l'/a
l'A
l'A
l'A
l'A
35 '/a
35%
3374
34'A
*33 %
34%
33%
33%
33'A
34
34
32
*30%
31%
*30%
31%
30%
30%
*30%
32
31
73 %
73%
73 %
73'/a
73'A
73'A
73%
73%
74
74'A
72%
8%
8 'A
8 '/z
*8'/a
8'A
8'A
8%
8'A
8%
*30'A
31»A
*30 '/z
3 l'A
*30%
3 l'A
*30%
31'A
23
23
*2274
2274
2274
*9978
9 Va
9l4
A
.
%
\y 19%
23
*99%
27%
101
•
2%
1678
167'4
*2
9%
20
17%
17%
1774
1074
*10%
10%
*87'A
10'A
9274
.
89%
*87'A
*2
2
16
89
474
4%'
'
89
88%
89
1774-v
"
13%
85
13%
20
17
1074
*10%:/
:
*87
*88
89
*88% * 89
:
83%
4%
13'A
1374
84
474
'
84%
V.
4%
•y 13 74
474
y
■
■
*74
y
13'A
1374
13%
13'A
*74
84'A
%
85
84
*83'/a
;
%
*74
*74
..
77a
■-
%
2
7%
2%
2 74
674
6%y
>•
.
574
*4 7b
*774
*85
;
.yy *774
.*34
3
3
97*
97
■596
23%'
24
10 74
5
■■:..
Consol
11.500
■y.:.
•
;
*83%
35
8374
84'/a
13%
13%
'
•■•v
200
>
of
N
Y;
No
yl
y 85
96
Consol
I
%,
,
y
9774
'9774
2374
23%
*6'A
3874
3%
-V 3%
2374
"2374
3%
17%
10%
46
46
*17'A
,
1774
<*9%
46
;;
-
'
Consol
500
*46
85 'A
,y
:
;
6
Cuba
67c
pfd
20
6
2'A
1174 Feb
18V4
24
Dec
77
Dec
97 74 Feb
3
774 Jan
14
14
Feb
•
94
25.
Jan
Jan
7
90
8%
400
%
Apr
14
3
2'A Sep
6% Sep
8'A Jan
474 Jan
;
9
1
No "par
Corp of America
25
82
4
1174
x82
'
100
.77
Jan
7
1%
Dec
13
6
1374 Sep
25
29
3 Va Jan
%
28
29
5% Sep
22
3074 Apr
28
42
8
4
Jail
16 % July
5%
Jan
21%
July
10874
Dec
79
Nov
7% July
30
Dec
2%
103% Jan 28
Apr
6 Va May
93A
;/ Dec
11
July
3% Jan
Due
93
;
11
.
Feb
14
15
l'A July
yy
Feb
2%
v
15
21% Apr
Jan
Jan
Dec
5
8
3
2,
2374
10774
Dec
19
Jan
8'A July
Deo
28
Jan
22
5
103
Dec
Dec
8% Sep
May
2'A Apr
Dec
15%
,9774 Jan
Dec
Va
36'A Sep
«6 % Jan
21
1174 July
y
No par
preferred-
7
Jan
Jan
Aug
23'A
/
May
4%
16
1
9
2
1.22
Jan
v
'
v
4% May 13
374 July 30
.25
100
4
1874
Dec
9%
28
Feb
89
Jan
30%
Dec
Apr
7
par
ii
Nov
13'A
Jan
1174 July
Dec
7
Jan
<
6574 July
Dec-
26
74 Jun
100
preferred—
Continental Bak CO—i—
Dec
Aug
10974 Nor
'
3,300
Continental
200
Continental
6,900
3%
Continental
3,700
17%
17 3A
10'/a
1074 vy y
48
v:/'-:;
Can
__20
—
Fibre—_5
Insurance—,'
$2.50
Motors
Continental
500
'
Inc
Continental Diamond
1,800
2474
;
of
Container
V2
3%
48 |
Deo
374 Jan
Oct
37%
110
Dec
.'/a
1 % Jan
tConsumers Pow $4,50 pfd
270
.
38% ;yy
23%
47%
RR
conv
1.900
V-V
24
*6%
5%
3,000
-
17%
yy
78
No par
No
Consolidation Coal Co
97'/a
•
,'y 3874
y-
i 1174 Apr
Corp—.,
300
9%
*17'A
■iV 9%
10
46
;■
i
37 a
23%
6%:y?
7'A
11
par
10474
Dec
Dec
39%
21% Mar 25
20
Sep
-<._l .v
Corp—
200
3
23%
3874
3%
'
6%
3874
3874
24
■./
97
Oil
/
:yyv.
137 'a
<.5 £ '
*6'A
y :v
13 3A
274
23 74
V.
Laundries
Consolidated
y
.
77a
35
,
*96 ;
Apr
4
No par
Industries--,
$2 partic preferred——
300
21.600
5'A
5 Va
3
83
Dec
19%
1674 Sep
May 20
.5
96
■
,
674
•'35:
1374..:
3
2374
38%
*9%
""
47
*45
Edison
Film
15
Mar
2374 Jan
;
974 Aug 15
74'A Aug 19
_100
$5 preferred—
Consol
r
<
31
8
v
3
22
Oct
Aug
Dec
44% Jan * 6
29
•
174 Jun
.12% Apr
July
7%
28 Va
10
ii Jan
83
Dec
Jan
Apr
100
24
974 Jan
Apr
16'/«
22
Sep
Jan
72
4 Va May
24
'
7 '/a
j.y;
-: ,84'A
1374
3
23%
->y
674 ;
17 Va
v
V /
jy.
24
10%
'.3
,y'
•
24
37 4
.
•'/
V.
97%
*674
18
y.
10'A
3
vV 38'A
24
*17
preferred
Jun
26
•%
100
Coppermines Corp
Consol
2,100
7.'
•:
.
y 2%
774 yy
*7'A
*33%
"
13%
23%
3%
prior
Jun
/ 1774 Apr
■_
par
__1
„
aa
64
8
28% Sep
105 %
4%
82 Vs
2 l'A
Aug 21
101
7'A May 12
x
No par
preferred
6%%
3,800
y'y
Va
,
7% Y 'iVa
63A
5'/«
*4%
77.4
3574
V
•
674
6%
Va
,774
y
83%
,4*96
2474
23%
4774
*46
83%
97 Va
.
Aircraft Corp
7%
•
374
.
y,:;
831/2
7
d
2%
*2
'
3 '*::
674
1774
*974
2%;
34%
7 Va
7'A
73/a
6%
*474
774;...
36%
■ ■1374.
>
383/a
24
1774
yy
3'/a
3874
374
V
24
'
674
5'/a
,:7%
-
13%
vy-. 6%
'
3874
.374
474
85
-
23%
6 74
6 74
*38
V
.2
'
.
6%
: '• *35
36 Va
'•+' 83%
y: 13%
13%
3;
2%
674
774
-
,
85 7 a
1374
*7
7%
*2
5
5
714
3674
•
.*6%
"
674
*34
'
*6%
2%
;
674
Consol
2
21'A July 31
No par
No
24% Sep
29
:
Co—-25
Consolidated Cigar
100
13% yy
83'A
%
*
'
.57
7,500
;;;■>•■ '.
474 y 474
Edison
2
t per share
Dec
42'A Nov
v
Aug 14
874 Aug 19
,
31
20'/4 Jan
„No par
Commonwealth
1
100'A Mar 17
—No par
$6 preferred series
7
;
Highest
Dec
43%
75
2
9l'A Apr
1
6
8
r-
S per share
3
Jan
45% Jan
Mar 16
Jan
16'A Jan
100
No par
Congoleum-Nairn Inc
V
>•'
No par
—
'
■/y
%
1% Jan
54
1
5'A Jan
Commonwealth & Southern—No par."',
yyy 400
•
89
V:
474
preferred
2,900
89
*88%
conv
51
Year 1941
Lowest J
S per share
14
Sep
24
10
Conde Nast Pub Inc—-—;
10%
*87%
par
par
No par
Credit.:..—
8,500
yy/y
is
1774
y 10'%
89
...
%
*74
29
No
.
preferred—-,
Commercial Solvents-..;
13,100
1574...;-:
y:
10%
89
1074
4,600
,
,
2%
15%
17%
17 Va
17
*2
2% /vy
*87'A
-
89
4%
30% Sep
Range for Previous
Lots
Highest
j Sep 14
1
par
No
$4.25 conv pf ser *35
♦/." 5,200
.
Co—
Comm'l Invest Trust
100
;
29
19%
;
16
15%
5
Vy
1374
83
1374
85 "
89
//
4%
474
;y-'
?
100-Share
share
100
Pictures
conv
474%
3,800
*
'
89
S per
100
Carbon
Commercial
<
100
2 7 74
105'A
2774
20'A
n
'A:';:,- ,y
3,300
-
/ 9'A
9%
;«V':> y'A
•
Columbia
$2.75
10074
28
Xl9%
16
4,700
2274
2 7 74
'A
20%
/
f
16
*10%
17'A
17%
,10'A
*86%
preferred
Columbian
-
' A
105%
9%
27%
.
874
2 2 74
%
.% .;
2%
16
16%
No
preferred series A
5%
1,000
32
10074
106
9V4
9%
28'A
8'/a
27 74
104%
.
28
•
20%
*2
2%
16%
Par
.
6%
30
;
y' ,\i;V"v /
y
of
Lowest
Columbia Gas & Elec
900
f
''
*274
Vy
11,000
34
*31
•
101
27%
/
106
'A
28
20
*99%
,
27%
27%
*104%
9%
n7a
27%
19%
22%
-
110
9 Vt
28'A
33
19 %
1974
102
27 Va
♦104%
9Vz
28
28%
*9974
110
9»A
'A
.
28 ya
23
27%
*104%
:
22%
102
27%
277'8
110
•
V
*9974
105
277/b
*104 %
23
'■
Basis
On
'
3 l'A
*8
'30 74
l'A
l'A
/
EXCHANGE
>■/; Shares
31;
73
'31
l'A
Range Since January 1
; NEW YORK STOCK
r
the Week
r
of
Oil
1
Del
274 May
5
17
300
Conv
5%
pref
series—
July
9
874 Jan
,
■
15
40%
Jan
674
Feb
10
7
35%
Feb
45%
Sep
Aug 31
274
Dec
474
Jan
Nov
Jan
-
Sep
A
,_50
23
2474 Oct
2
1774
Feb
2774
15% Apr 29
874 Apr 29
1974 Jan
3
15%
Apr
23%
Jan
12% Jan
5
974
Dec
1874
Jan
45
,
Continental Steel CorpNo par
Copperweld Steel Co——
5
1,200
28
Apr
Mar
13
5174 Jan
30
48
Deo
5674
Sep
A 23 74 Apr
24
16
28%
Dec
52'/a
Jan
42'A Apr
17
35% Sep
5574 Jan
'
34%
50
"176
34%
178
*2%
34 %
3474
34%
3474
343A
3471
5074
50
50'A
49%
50%
49
49
176
' 12%
12
12
.93
92%
9274
16 %
16%
1674
16
2%
1
'*74
12
7x178
178
*2%
ii
12'A
*92%
;>■ 16
*176
274
*74
3u
12
92%
92%
178
*274
274
*74
u
*176
176
274
3
*74
16
.
3474
50'A
34%
50
1174
94
16% " y
y 16'A
179
its
1174
16 'A
y
16'A
V /,
.
12 Va
/ 94
Corn
60
•■
■::'i
Intermit
Crane
170 Vf
1,000
_20
Refining
25
100
Inc
Coty
5,800
16%
Co
-
Coty
.V-i J-.
y
Products
Preferred
200
94
i6'A
Corn Exch Bank Trust
-
2,900
274
*74
yyy-y
480
yy
vy./;;,
*274
y:
:*■
12
*92%
94
50
j.tf
1174
11%
*9274
274
•.■-.•;•■'• it
•y ■"" *74
3474
179
178
*274
J.
34%
49
.■///
Corp
preferred
9
Oct
42%
2
33A Jan
5
2%
\i July 15 :
8
A
Apr
x54
Mar
170
182%
Dec
474
Dec
1074 Apr 17
14
Jan
6
11
95 74 Jan
5
.88
15
2
16 'A
Sep 30
10%
4%
Jan
Jan
Jan
%
Jan
Jan
107
Jan
19
Dec
Mar. 17
Dec
19%
Dec
Jun
.12% Jan
(The) —2
Vy-
Dec
85
100
Cream of Wheat Corp
ii Apr
; ;
;
25
conv
179
Apr 17
2% May 22
__1
L
Co
5%
159
l
Jan
~—
*674
*1774
:.y
7
18
v/12'A
r 85 VA
N
85% y
30%.
30%
70
70',
*9
10 Va
yv
■
*79''
S
;•
'
9%
30%
70%
69%
10'/a 1
y
634
■:./•■"
9%
9%
:
yy
10
3074
99
"yy■*79 yv
70%
85'A
180
32
y7i%
72
,
9%
,*18
*96'A 100
y *74
:u
-
lb
*18
19
*1874
.16%
21
•'
85%
>v*9'/«
*18
y.
-yy
V:
'
•
9%
*(fi/8
111
I? *18%
.
.'
300
V
Cuba RR 6 fo
5 '/a %
•
H
2,000
19%
preferred
16%
700
preferred—
conv
Press
'/a %
16 Va
16%
16%
8
—7%
—7ir ~~8~
7%
"
8
—"774
8"'
■
16%
'
——^7^
'
2274
22%
■a*15%
2274
2274
*8874
94
*88%
**6174
.
16
"
2274
94
*8874
*6374
*1574
-774
'•
i6 t:
*16
2274
2274
2274
94
*8874
674-
1.6%
r ?
2274
95
-15,160-
Class
Jan
1574
Jan
88% Jan
15
80
Dec
94
Oct
36
•
1374 Jan
14
A 874
Jun
26
5
Jun
29
Jun
13'
74% Jan
13
.
/ 90
No
par
;—r—^No
12
.
—1
pfd—
16
800
100
Davega Stores Corp
Conv 5%
preferred—
No
1% May
1
33% Jan
3%
1
A 72 •*'
13% Nov,,
8 74
Sep
Feb
Feb
127%
Sep
77 '
Dec
41% Feb
/
14
8
Dec
1674
Jan
12
12%
Dec
25
Jan
Jan
26
98
Dec
09
% Apr
19 74 Oct
4
74
Dec
2
13%
Dec
1874 Jan
5
18;
Dec
Dei
lOViSep
19% Sep
98
'
•
30
9
-
% Jan—8~——874
Jan
•
45
Jan
'
34%
Feb
'
18
Jun
24
25% Jan
12
24
Dec
29'/a
Jan
Jan
19
92
Sep 24
80
Dec
90 i
Aug
44
Jan
12% Jun
par
17
56
Jun
3
42%
Feb
47% Mar
22
1774 Jan
14
14'A
Dee
20
July
D
"
*-&74
3%
*274
3'A :>
y-v
3'A
374
*274
••
*274
3%
■-.*274 hr 3'A
3 Va
■
•
*15%
1774
y *15%
10'A
10'A
:,
107%
107%
974
10%
3%
374
%
%
y.' 15%
15%
y:
?V;
'.*16
;
v
,y
■V
22'A
*39
19%
9%
15%
3%
74
•
yy
16%
22% y
39%
*39
8%
•8%
19%
20%
*85
8%
*8 Va
8%
y
66 Vs
66'A
.'.
*116% 118%
22
*2174
22 ■/.;■
1274
X1174
11%
n%
67
*36
67%
11774
15%
Ail? 4
10
yy
117%
*1474
147s
4
:m
67
*117
37
*3%
10
*9%
10
120
*115 74
120
V
9
.,
1674
17
260
Devoe
.2274
2274
2274
600
Diamond
38%*
38
400
874
"*36'/a
y; 22
n%
1174
1174
6674
66 %
6774
117'A
116%
117%
14%
14%
*1474
*374
,:V
V
-
*9%
*115%
4%
10120
/•'
15
4 %
4%
974
*9%
*11574
117
:
■;
1174
*9'/a 5
118
11874
119
118%
126
*12574
127
*12574
127
*12574
12674
*125'/a
126
126
*117
118
*117
118
*117
118
*117
118
V117
26%
26%
*3
26
3%
133
133'A
*173
174
*33%
12
26
3%
*173
33%
nm
2G
*3
13374
134
*11%
26%
*3
3%
12
1174
2774
200
28
60
3'A
300
134'/a
13574
1,100
173
*172%
173
172%
172'/a
50
33%
.33'A
1,200
1174
•11%
Class A
l
Doehler Die Casting Co
Dome Mines Ltd
par
774
32 Va
1674
8
51
95
13'A
July 17
No par
No par
No par
International
4,600
Du P de Nera
$4.50
Eastman
6%
Eaton
5%
1174
11%
11'A
200
28
27%
28
2774
2774
28
28
28
28%
3,200
Electric
Auto-Lite
1174
11%
*1174
12
*1174
1174
1174
11%
1174
12'/a
3,800
Electric
*1%
174
*1%
174
174
*174
1%
1%
1%
400
1
1
3174
3174
1
1
1
*1
l'A
2,800
Electric Power &
2874
29
2874
29
29
29%
29'/a
3074
2,800
2574
25%
2574
25%
25%
26
26%
26%
26
1,800
*3074
1
1
%
46%
*110%
*31
32
*30%
31%
31%
3174
32
3274
600
22
*2174
22%
*22
22'A
22'A
22'A
22%
22%
400
El Paso Natural Gas
47
45%
45%
44%
*44%
45%
*4474
45
200
Endicott
*110%
9
*110'/a
1%
1%
174
*110%
2
l'/a
'110%
*110%
l'/a
5%
2
2
2
'57
60
*56
60
*55
60
*55
60
*55
60
♦55
60
'57
61
*56
60
*55
60
*55
60
*55
60
*55
60
*61%
Hi
For
$6 preferred—
Elec Storage Battery
32
44%
6274
a
footnotes
59
61
*59%
*%
see
J«T
page
1215.
62'A
59%
59%
%
59
A
*5874
59
A
%
*
aa
2
2,600
62
120
%
700
Johnson
Jan
Apr
9% Feb
~
9
6%
yy
9
Feb
13
3674 Aug 29
23% Aug 18
1374 Jun
70% Jan
15% Jan
Jan
86
Jan
May
32%
/:
.
124'A Jan
Jan
18%
Dec
7
';
>1074
1274 May
65
21
Aug 10
8574 Sep 25
Jun
274
18% Nov
Dec
17
May
x9% Dec
59% Dec
ylllVa
1274
474 July
Sep
37%
Oct
23%
■
Jan
17% July
79
Jan
Sep
141%
Jan
Dec
23%
Jun
Dec
674
Jan
20
6
Dec
July 27
105
Aug
10274 May 20
144
Jan
2
136% Dec
164%
120
Apr 24
111% Mar 14
126% Jan
7
120%
Feb
127
Dec
118
6
111% July
118
May
100
.
2% Jan
108
17
2
28
Aug
Oct
2
3% July
9
24
May
1%
Jan
34
Jan
Jan
Dec
5%
145%
Sep
13
160
Apr
182%
Jan
1
27
Dec
36%
Jan
141
Jan
7
Mar 28
176
Jan
26
May 16
3374 Oct
Apr
10% July
117
120% May
24
Jan
11% Oct
2
15
Jan
21
Feb
17%
Sep
2074 Jan
—
2
28% Oct
2
17%
Dec
33%
Jan
2
1374 Jan
5
10
Dec
1774
Jan
%
Aug
shares.
Light
*45
22
*45
Jan
41
170
$7 preferred
1
29%
Deo
1074 July
22
*2174
1
1%
28%
20%
33
10
/:•:■
1674 Apr
(The)
Elec & Mus Ind Am
*25%
25%
Dec
Dec
16%
120
Edison Bros Stores Inc
2874
2874
Dec
12%
21
8
Boat
i
7
26
preferred
28
2874
July
674
Jan
Manufacturing Co
12
•/ 2574
14
•V
Feb
Mills
28
1%
Dec
;
19
22
8
(N J)
12
174
8
2% Feb
A Sep
27
9
Mar.
Jan
Jan
29
Apr
Aug
1874
20
1st pfd
Kodak
28
*i%
Apr 14
May 21
;
1/
30%
Dec
No par
(E I) & Co
Rolling
cum
Apr 23
Sep
Apr
9%
<
112
100
Eastern Airlines Inc
Eastern
7
2% Apr 28
1
No par
preferred
Duquesno Light
May
27
28%
39% Aug 24
5
,f
Jan
Feb
18% Jan
21
7
Jan
No par
114
Sep
27% Jan
y
674 Aug 24
16'A Mar
No par
i;
Mfg Co
5
> 33% Apr 2*)
v
Oct
Aug
% Aug
23% Apr
1 Va Sep
2
70
No par
Duplan Corp
8% preferred
8,200
.
100
No
Dunhill
/'
—2
Sep
11%
18%
2
4% Jan 27
Apr 28
No par
Co
300
474 V:
10
117
3'A
*11
Corp-Seagr's Ltd
Dresser
121
'1474 Apr
Jan
pref with warrants
Douglas Aircraft
126
,
18
25
Dow Chemical Co
13474
3374
5%
300
3'A
3374
:
10% Oct
A Jan 23
14
preferred
1,000
117%
7
Jan
2.
2% May 21
/
18
109% July
27
11% Feb 20
No par
Diamond T Motor Car Co
Distil
Feb
9% Apr 25
No par
Match—
partic
29
& 5%
Apr
5
14
,i
100
_20
Raynolds A
3,300
135'A
33%
&
15%
*3
33%
pfd
8
8% Jan
24% Jan
25'A May 12
1
100
6%
Edison
Detroit
.6%
R G West
118%
*134
173
*11%
2774
119%
9,000
3'A
174
33%
26 'A
119%
500
'
26%
13374
3374
11874
100
*274
135
*173
33%
119
-
26%
*13374
174
33%
'118 'A
>
*374
»115Va
•
69
68
118
Jan
"
2274
11%
*14%
tDenv &
Dixie-Vortex
'
22%
11774
118%
100
36 Va
126
*117 -v' 118
9
36%
v
300
4,600
85%
*8'/a
3674
22
8%.
21
2074
*85
9
'8'A
-
8%
rV
20%
8574
14,400
%y
110
16
Deo
Deo
6%
19
18 % Apr 29
Delaware Lack & Western—-—50
15%
W
Mar 16
474 Apr
/
2%
14%
9''
Jan
10
Delaware & Hudson—
100
153/a
:%ii%
20
—
10
17% July
,
Aug 12
102
•
1
—
3% Jan
4
7
8
par
6,300
*74
39'A
100
No
9,700
374 /
74
2% Apr
vV 15'/a Jan
1
pfd
—
Preferred—
74
*774
20'A
*85
1074
374
25
Deisel-Wemmer-Gilbert
16%
16%
*38%
.
—_5
(The)
Inc—
Co
15%
15 Va
22%
10%
3%
.yy
*•%
66'A
//
4%
*9%
974 J10%
:.-
y;
117%
15
*115%
100
8'A
22
67
&
500
20%
*2174
118%
*1474
Records
Deere
11
8574
37
11%
Decca
2874
>
.'36 ■:■
■
'
l.ioo;
6,400
*10%?
39-
*8'/a
37
•
774
22 74
*28
Co.
Dayton Pow & Lt 4%%
774
2174
11
y
20 Va
50
Chemical
774
28
1674
y: ;*85
85%
> 108
108
Davison
21%
3 % >,'•y,y 3%
15% •:
11,100
28
y. 974
74
1774
1174 /
,*1.0%
:M
u-y./
2274
8%
874
1974
85%
10%
774.
*16%
39
'•.•*15 Va
108
X2074
*22'A
■A
39%
*21%
1274
15%
108
107'A
*%
;
1574
*35%
22%
*115%
974
374
*74
16%
*8%
*21%
4%
9%
3%
-
-
*10%
22%
*8%
•1274
4%
28
1
1674
19%
37
*9
28
1074
22%
*85
8%
1474
22'A
39%
19%
*36
774
2274
2274
85
*8%
yy: *774
.
11
.
7%
28
'
•
15%
*16
:
874
*774
85
'
74 y
1574
39'A
y
.
374
"Vi
-
11
1774
11 '/a
*15%
17% i. 7
22%
28
yy.
10%
107%
1074
974
974
::.yy 3%
y;;
17
."''22%
11,
•
107'A
yy; 22
27%
*10'A
y
*15%
;
:
11
'
y/ y 7'/a
2274
*27'/a
28 >/'■
*10'A
1074
8
7%
*27%
1774
10'A
*106
22'A
22 Va
*15%
10'A
107%
*106
8
*774
2274
1774 -:
10'A
-
Corp
preferred
Engineers Public Service
$5 preferred
$5% preferred
$6 preferred
Equitable Office Bldg_.
Feb
No par
No par
No par
No par
16
Jan
2
17% Apr
27
15
Apr
23
29
Jan
2
1% Oct
2
174 Jan
8
74
Dec
27%
Feb
39% Nov
3274 Jan 23
23%
Feb
36%
32% Mar
3
19% Apr 24
2674 Feb
39% Apr
27
49
100
107% Feb
16
1
1% Apr 17
474
26%
Dec
21%
Dec
33
39%
Feb
47%
111% Apr 11
107%
Nov
3 Vs Jan
.
5
40
Apr 28
66
Jan
30
July 27
73
Jan
5
No par
47% Apr 25
83
Jan
17
% Jan
5
21
Jan
18
46
A Feb
%
Mar 16
No par
No par
No par
14%
35% Jan 23
50
3
y'
Dec :;
174
80
'
.100
No par
Cutler-Hammer Inc
Jan
Sep
*
*16
Jan
98%
3
,/—574 May 29
1
—
Cushman's Sons Inc 7 %
$8 prefened
47%
27
18
Jun
Dec
Dec
85
JJ Jan ' 2
' I 13 74 May 19
par
28
73%
Jan
Mar 14
Feb
3
Jun
2
Jan
2
9
874 May 29'
?
'
Jail
140
No par V /;
1—
A
4574
Deo
79% Jail
.100 ;
Preferred.—
Curiis^-Wright
2774
Dec
10
25
—5
-
preferred
.■:': Prior preferred—
2.200
95
*6374
'
!&*'•?■
16
2274
*8874
*6374"/.y—
*6374
16
16
7
—
22%
*88%
*6174
.
22%
;
94
Dec
38%
100
-
'
16%
-
15
8
Jun
.
—30
Inc_—•
5
25
2374 May 20
.
g'y: July
Jan
88
100
■r
12% Sep
41
63
—100
1
19% Feb
9
100
;
Sugar.
Curtis Pub Co (The)
60
1674
No par
Cudahy Packing Co
4
77
par
>
27
Mar 27'
10 Z Apr
preferred———100
Cuban-American
20
19%'
' 18%
conv
Cuneo
100.:
No
8
May 19
32
-
5
?
Is-
14% May
No par
-
preferred——
Preferred i
100
9%
'■
%
•
'i
350
5%
v
19'/a
*96%
conv
574 May
No par
preferred
conv
Crucible Steel of Amer
'
700
7.
$5
-
700
85%
*18
100
Crown Cork & Seal
$2.25
A
No par
Crown Zellerbach Corp.
8,100
99
yy *79
20
-
*96%
'A
10
;.'■
7
*95
'y.-
i" 99
*79
19%
■
16%
yy,.
::/'■/ 10
7
7 ■ ->
*95
9%
*9%
19%
10 Va
-10
:
86
,
1,700
yy ,.3074
30%
/■:■>■'•'■ 70%
674
yy*95
400
11%
1
Crosley Corp (The)
y 300
'11%
y
85%
*83%
-
97
,
74
!■//■ y
19
*1774
85'A
674
y
86
*17
/ 97
%
74
y
*9'
19%
97
16%
7
99
*79
10
600.
7Va"
:
'
-*.95
85
y-
■
%1
y ,; 85 Va
1174
—
*6%
99
*94
17%
38
11%
7
17 Va
yy y; 17.
yy *37:'y5 373A
17'A
*36%
69 3A
*9 Va,
*17
17 Va
*17
.
307'a
70'A
10 Va
19
*1574
12 yy
71
97
1*
36%
11%
30
*94
*74
17'A
36'A
85'A
85
.;
*1634
:
85%
*17
5
12
85%
■
*95
•
17'A
36%
12'..
*3074
674
•
85
9 '4
*9%
17'/a
36'A
yy.
yr
774' '.-'••/>:*' 774
*6%
31%
30%
yy
7
85'A
*69'A
.
y
y„
'
65 Va
•
,
yy...v/'
99
*95
1174
7
36'A
11%
:•
:
2
7
*674
■y.
17%
36 'A
>.
.
y;
12%
V ■;.'■ ■
■
*17V4
•
36'A y
y*36Va
7
*6%
2%
Jan
Nov
3474 Aug
July
Sep
113
Oct
Jan
Dec
7
64%
Dec
80%
69
Dec
74%
Dec
A Nov
Apr
83% July
89% July
%
Jan
«.
•
;i
1209
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
156
Volume
NEW YORK STOCK RECORD
LOW
$ per
( per share
4.'
4%
HVa
4%
23 Ms
V 1.
■■
*
8%
.
'
8%
8%
411/4
%
■
%
23
*23%
23%
* %
9 '/4
8%
3%
31,8
4
4
*41/4
4%
4%
4%
4!»
2,500
Eureka
4%
1,200
Evans
*22%
1.1
■
A*
.23%,,; 24%
?%•
iii
*%
1
•
23 y2
23'/a
23%
*%
%
,
:.
z
,
32%
32%
'32'/a
*21%
21%
21 %
21%
21%
21%
6%
*5%'
6%
32%
32%
32%
:
:
■■■
32% •'
*31%
.
*5%
-
*72
,
74 Va
*21%
.
22%
22'
22 :
10
10
10
10
6J/0
*5%
s%
*57i
*72
75
*72
■•••
*21 %
22
22
10
*10
V*10
10%
10
,
3%
*3%
14%
*13%
14%
*14
14%
*13%
14%,
81
*79%
81
*80
8i
*80
81
..
8%
20
19114
F,-
191;,
19 :,/4
*99%
-34
32%
10%
10%
*100/
;
11V"'
*10%
i
18
\.
;
■
„
3%
17. V*.
3%
3%
*9''e
■
'
91/4
'35%
35%
14%
.
5
I
i
i\
Dec
%
Jan
16
32
Dec
45%
30
29% Jan
29
16%
Jun
24% Mar
Jun
22
8% Jan
5
6%
Dec
13
May
100
Jan
93
Jan
31
90
18
24% Jan
16
19%
Dec
26% July
8
Apr
15
10% Sep
4
8%
Dec
14%
Jan
3
Jun
30
4% Feb
4
4'A
Jan
11% Apr
28
18'/a Jan
7
14% Dec
27%
Sep
87
Jan
6
86
Jan
par
76
170
8%
1.000
35%
11%
*121
125
125
?
7.
15%
■
*38
36%
36%
1,700
17%
17 %
500
92
92
92
92
92
190
5%
300
Gabriel
17%
*16%
17%
92
*90%
92
90%
90%
*91%
2%
2%
2'A
2%
*2%
2'A
.*2%
2%
U»A
i5« y
1%
1%
1%
1%
1%
*734
8V4.L.
>:.:*1»A
>'
*8
Dec
13
Nov
3
20
Sep
12%
Dec
18%
Jan
90
Dec
105
Can
6
86
May 14
96% Jan
15
par
15
Mar 27
23
Aug 24
16%
Dec
33%
Jan
No par
18
Apr 21
21% Feb
5
17%
Dec
25%
Apr
10
3
13
3%
Dec
,28
May 22
Aug 28
5'/8 Jan
100
36%
;
8% Sep
1
Dec
103
Nov
7
Jan
Jun
35
Dec
30
9
Dec
13%
Jan
24
.»May
32%
Sep
20 J/4
Jan
28
12% Jan
26
134% Feb
21
9%
:
Dec
105
Feb
132
Jan
17% July 14
26
Jun
5
Jan
16'/a July
21
35% Sep
14% Sep
42 J/2
Dec
98
May 28
114
;■
8%
28
9% Apr
10
31% May
Mar 19
11% Jan
30
27% Mar 14
MO
j.
10 Ye Feb
13
"2'%
7
Feb
Deo
9
36
32% May
45
41
Jan
46
29
1
Apr
15% Apr
May 27
3
38% Jan
24
19
Jan
3
18
Dec
23% July
100
85% Apr
10
95
Aug
4
93%
Deo
99
—No par
1% Jan
1% Jun
6
2% Sep
1
1%
Dec
23
2% Jan
3
1%
Apr
Co
preferred—
conv
Sep
3
Corp
Trailer
Frueliauf
24
102 '/a Aug 11
Sep
11% Apr
,
17%
*89
45%
12
39 Va Feb
Corp—
Machinery
-36 VV
17
Feb
19
2
No par
6%
25
Francisco Sugar Co
No par
F'k'n Sitfion & Co Inc 7% pfd—_100
Freeport Sulphur Co
10
880
16
34%
Feb
30
preferred
prior preferred
43
.
Dec
3
11
27
No
Foster-Wheeler
3,400
'
8J/4
41% Jan
23
9'% Jan
$7 conv
% 7'%
15%
-
7%
43
19
29
29% Apr
Fair Stores Inc.-..
Food
2,600
*35
,97% Jan
87% Apr
preferred.....
conv
bFcod
600
10%
-5%
.
'
13% Jan
No par
Steel
Follansbee
1.900
Apr
.Dec
par
Florshelm Shoe class A
3%
2Vb
Apr
8 Vb
.-100
preferred
100
32%
July 30
Jan
-No par
A
Stores_lw._._No
(The)___
Co
Mar
10
11
19%
*18%
;
Jan
37'A Jan
21
Florence Stove Co
17%
-
30%
28
7% Apr
600
35%;,
■> '
Dec
it May 28
May 20
51 Jan 23
29% Apr
N
23
*8%
*15% ■i 15%
36
21%
Jun
No par
preferred series
$4.50
3%
10%
6%
Mar 24
26
$2.50
National
Flintkote
1,500
30%
-
6%
♦
First
300
,
97 %
*17%
3%
*38
100
■
11%
23
:
35%
-
20
17%
38
Jan
(Wm)
*16%
35%
8%
Corp——___1
Enamel
17
% 35%
34%
-
"
Dec
]VA% qonv preferred—.——100
:
Filenes
102
10%
9
43
*38
Federated Dept Stores:—No
*94
•
31
7%
6%
'%
Federal Motor Truck
100
32%
■
19":..,
*121
15
14%
6%
43
300
400
32%
-{
97 Va
-10%
125
4
_5
Federal-Mogul Corp__—...
3%
Xl9%
23
;
*35
10 %•
*121
•
14%
*38
35%
"
10%
125
6%
r
,
*35
11
14%
6%
34%
35%
*34%
10%
43
*38
43
*38 "
35
'
700
14%
*100
*30%
9
'
24
Apr
3,300
•;
3 J*j
Jan
5% Feb
Sons Co.„__^_N'o par
Firestone Tire & Rubber_^.__i._r._10
'
*121
•
8%
-
■
-
3%
60% Sep
Fidel Phen Fire Ins
*8%
32
Dec
20
Ferro
*17%"
3%.
*3%
*30%
9%
35 '
15
6%
6%
3%
32
9
10%
125
14%
15
*6%
*3%
*30%
1 %
J2
—
1,300
10%
20
18
No par
—
Min <fc Smelt Co
2,100
10%.
23
Federal
9%
32J%
*94
110
400
12%
20
22%
Nov
Sep
4 %
6
39%
102
97%
Aug
42%
19
9%
32%
*17%
35%
*121
125
«>*121
20
3%
*94
-
7%
Dec
,_15
39%
10%
22%
9%
10%
103a
10%
t
23
Light & Traction
$6 preferred
*10%
33
■
97%
*17%
*
,
32
9'/a
35%
i-
.
*30%
.
10%
23
20
32%
10%
*94
23
>
*30%
1
23
*32%
Federal
>
19%
100
33%
Dec
30%
Fajardo Sug Co of Pr Rico_____.20
'•"
*99%
19%
100
101
■
10%
97%
23
18
*22%
.
*94
97%
*94
4
*32
2%
27
Jir.
86
*80
■
*32%
23
Jan
27% Apr
12 %
*10%-
<•
Sep
44
20
Copar
10%
14%,
%
9
39%
12%
2
2
,
39%
8%
8%
39 VB
&
Morse
74
; ,*3%,
3%
81
10 %
19%
20
./•' 19%
32%
101
*8%
*
12%
Aug
3% Jan
;
Fairbanks
22%
c
*10
14%
39
39
*10'/«
*3%
share
10
Deo.
9
$2.50
300
5%
73%
10%"
81
f per
32'A Jun
..3
Corp
4%
2
Highest
share
per
9 J/2 Oct
5
800
;
,21%
5%"
*21%
■
*13%
3%
3%
v 8%
39
101
*99
i
;
.3%
8%
8%
12%
*10 Va
12 %
*3%
,
39
39
38%
\
*10%
.
8%
8%
'
38%
;
3%
24
share
"
J/4
22
*3%
*79
21%
74
21%
21%
*13%
.
6
4'/a Apr
Co„___4—
800
32%
32%
21%
21%
/
75
*72
75
*72
.,
21%
*21
2
Products
Year 1941
Lowest
4
5
Exchange Buffet Corp_.._,_
■
*6
1% Jan
Cleaner^
y
32-%
par
__100
Vacuum
Range for Previous
I
Lota
'*'-i
tv
32%
4% Jun
pref series A__—
Ex-Cell-0
1,400
•
S per
I per share
No
;
100-Share
' " 4
Highest
No par
benef int
of
5%
4%
23'.'2 ;
Ctfs
4,700
of
Lowest
Par
.
J Erie- RR common
30,300.
9
,
>
.
8,400
Basis
On
.
EXCHANGE
41%
41
41 %
*3%
.
Mi
9%
8%
9
8%'
40 Va
Range Since January
NEW YORK STOCK
,
Shares
i per share
9%
40%
8%
the Week,
4'/4
4 J/4
4>V
9
Sales for
3% ,/
*3%
4'/«
S per share
9
40
.
Oct. 1
share
'
4 Vn
4
>23
9 J/8
40%
8%
41
40»/2
41
t per
Friday
Oct. 2
Thursday
Sept. 30
!
share
per
8%
9
8'A
8%
8a/o
40%
(
share
8%
8%
8%
Sept. 2.0
Sept. 28
Sept. 26
STOCKS
Wednesday
Tuesday
Monday
Saturday
PRICES
HIGH SALE
AND
40
Mar
27
3
May
July
Aug
G
*2%
*2%
2 '/a
;
2'A
%
1%
1
1%
*1%
v
8V4
8%
18
18'A
18'A
*7%
*48
,
3
52
;
3
*6 "a
19
7%.
9'A
9%
>.
9%
V 9 ', 4
"
*2Ta
7%
*6%
7%
'
*8%
V.
19% -1
1831
8%
*7%
19
:
;
19 Vi
19
52
*48
-
9%
*48
-
3
3
7%
*67a
52
*48
,
-
3
vvv' 3
>
;
:
7.%.
*67a
A'9% ***.$ *9%
.
*103'
;
105
2
52
*48
r;„
-38
5%
*119%
f. 5%
120
3%
■
19
*18%
*125%
27%"
27%
,;33%
33
1
1
*88%
89%
*88
78%
.78%
78
*124
*1%
*15%
*1%
2
/
13 3,4
13%
125
*125
-
13%
37/«
3%
*99 J/2
*1%
13%
125
'~v.v
X
lit
I'ii
■
'*»»«
101%. 101%
*
106%
102 V2
*102 »/2
3U
"h
*26 »/4
IS
32
7.r
27%
16 »/4
16%
16%
9%
9%
*9%
93
•
■;
16%
*9%
preferred—;.—
J
:
;
% May
61
Mar
/ 64% Apr
122
Apr
100
30
9%
•
Equip Corp
Ink—
preferred
59'%
59 %
59%/;; 59%
14%
14
14%
14'/2.
14%
14%%;
Dec
115
Dec
4
Sep
18
2%
Jan
28
2
14
6%
90% Feb
4
Mar
2
16
128 Va1 Oct
1
118
28% Oct
2
40% Jan
Jan
7%
144
' July
5
Mar
Dec
9% Jan
Sep
Jan
55:
Dec
3
6%
Gen
500
par
10c
i
No
•
6 V'B
Jan
Dec
15%
Jan
73%
Feb
97
Sep
'
Dec
V'22
,
General Shoe Corp——
76Q
14%,
200
.
Gen Steel Cast $6
Oct
Dec
130%
Apr
24%
Dec
35%
Jan
5
33%
Feb
116'/a July 24
112%
VI % Jan
1
preferred—No par
•">"
15
Jan
83
Jan
3
131% Feb
V4
38
9
102
10
117%
Aug
1%
Nov
Dec
104
Nov
91
Sep
132%
Jan
48 %
Jan
-027% Aug
Mar
48 ?
2
31
Sep
Jan
Jan
27%
6
5% Jan
42%
78'A July
125
3
14% Oct
1
Jan
28% Dec
39% July 14
128—July 29—'~i21 %- Dec
Jan
A Jan
No pur
General Refractories—
.
3 Va Jan
10'/2
101
•"%
V 23
14'/2
8V4
55 J/4
par
100
1
—No par
preferred
St Utilities.
dlv series
Realty
$6 pref opt
.
20
10% Mar 11.
3% Sep 17
99 % Aug 25
1 >
—
Railway Signal
61%
*■*14%
3'/a
104
Dec
24
1% May 13
■
•
—-No
Public Service
1,900
9%
60%
Jun
39'/a
Mar
8
12% July
53% May
5% Oct
' Apf"
4'
•
101
5
16
121% Aug 29
•-[ 13% Aug 31
par
Gen
15,800
16%
9 ln
.
Jan
5% Sep
122~~~Apf 10/
par
par
Gen
•)
9%
*9'%:
5% Oct ■*2::
2
No
General Printing
10
t»
iir
16%
Precision
$6
Jan
—j%zNo
A
200
28
59%
60
Jan
46% Feb
13
25
29
16
———No
1,200
106 Tb
■
Gen
30
112
%
27
preferred
$5
500
.
,
*91%
9%
59%
59%
59%
par
No par
"
4
Dec
47%
-
23% Apr 24/
1J1% Apr 29
No par
Common
1,300
,
>14
-
xr*103
\/.y
8%
22
x
preferred series A-No par
conv
Gen Outdoor AdY
200
3%
102.
'14
*
59%
400
14 %
arf
...
16%
16'/;.
'.—No
$4.50 preferred
15%
200
<»
-,*26'/4-.27
27
*16%
16
16
16%
i'.,
55
-
*25%
.-
30
"
r-v
:
106%
*103
106%
*103
13%
13%
20
■
par;
General Mills
800
125
.
*3%
r.':
3»^
106%
3
33
*26
27%
128%'
*100
fl
13%
v.> "13%
' 14
•*
-j
..
No
Gen Gas & Electric A.$6
.89%
14
102
*100
V
—
3,400
r
''
■
I
! .1
.*
26%
H
26 %
13%
:
■
.<
t;
•
General. Foods Corp.
2,700
16.%;., 16'A
2 ■ '
%-y*
3
*3%
3%-.
102
10'A Feb
.
.
-2 "/z
13%/' S
13%
13 %
3%
*99%
•
"
•
77%
*124
2
Apr
52 % Jan
Sep
5% Mar
Dec
6
.
—/General Motors Corp.—1——10
17%
2
x
"3
"a
14
13%
13%,
■
1
*126
125
*16
2'/3
1
104
Sep
23
5
,
-39%
c
"7-
13%
-
Dec
15
.
V33%
*76
,
128'%
"
2
*13%
3%
77'%
»12G
-
102
128
; *87%
89%
—38%
V
125
125
Va C/v»
,'*15%
•
17
1
'
■
V19
I';
,
77 »/4
38% -38%
2
:
.
*115.;,-, 115%:
,1
1
*87%
'
129
v
:
1
17%
3%
99%
•■(>
102
-
,,,•75 Z
.
;.r,33%
*115.115J%
89%
1.
*126
;
■
m
l
78
-39—
99%
3%
*3%
*99%
15
128%
-38%
:
*76
.t
128%
125%
:
♦
14
*13%
•
78
115%
*
*85
89%:
129
i
'15
*14%. v15%
*1%" '2 «
*115
1
*76
7 Va
19
t
20
3% Jan
2;300 r"Gen Amer InVesWsM--Zr-T-'Nro''i)ar'''r.','-,s'3%',Apf'>25
$6 preferred——
No par
' 98
Mar 11
Gen Amer Transportation—.
1,500
5
35
Sep 12/
5
'
3% Jan
2
General. Baking
1,300
400
$8 preferred
No par
106
Apr 28
■■■:
400
Generai Bronze Corp
__5
2% July 31
General Cable Corp
.——No par
2
Sep 11
1,100
i
Class A
No par
600
6% Sep 16
;
360
„t7% cum preferred.—.!
100
71
Sep
8
100
General Cigar Inc
No par
16% Apr 25
>
\1f$ preferred—
100
120
Apr 29
/' 70
General Electric Co
No par ;,
21'% Apr 28.
19,900
,
■
*85
2%
277« >28 Va
t/; 33%: 33*<i
3
Jan
Jun
Nov
12
7% Apr
6% Apr 22
8'% Apr 17
51
Feb 13
_50
■'
33'%
33%
*
»
:
128
27Tat. ■
preferred
conv
1
10
:__5
'
i
v
* rt
1 %
78
*125
125
126
■"J?
,ii'
"391
—38%—39+ir
—39—
-H
89%
•
'
*125,,,
130
y4
ni5
/
a-
i,
•rj?5i
.:
/ ;
;
—
3%:
2'/4
128'A 128% !
27%
5%
,■
7%
:."V
75
.19
27%
,27%
27%,;
1 Va
\
-•••
33
74 3«
128%
*126'A
'
..
2'A
.
121%
:../3r'a.
7%
.
;.//. *18%
19
*18'A
128%
7a
74,%
74'A
-
19
27%
•
115%
-
74%
•
*126'A
34
*115
,
*18'A
28
33%;
■
74
,,
126%
27%
"
.
,
*114%" 115%
.
m
126%
126'A
.'".'
74
*18%
7%
*7
*2Ya '/
7%
*7
5%
.
„
,;374,
Industries Inc
Jan
2%
2%
Apr
7%
11
21
Sep 28
May 8
2 '/2 July
3
8
16
par
"
,'.*119
120..
3%
-
2»4
r.2%
.
5%..,,
5%
H9%
>
3% ^
*3'A
2%
*2'/4
Tv',
.;
"
'•
7%
74
75
!
""
120
*119%
800
3'/2 %
lM: ,/ *103',2 105
37%': ;./37C, /.37'/2
37%
5 '/a
.
C
*103% :ios
37%
;...'■; 5 Va
.
'■/;'';
3%;":
'*3%
2%
y'V ' *7
7'A
! *73%
*2%
■
5 J/8
37'A
120
*119%
'
3%
3%
2%
v
*7'%
*
'
120
"
*2%
V:
■A
5'A
5%
-5 :
*119%
3%
37%::
37
38
37%
..
No
preferred
2
Gaylord Container Corp
52
"
20
;
,5%
7 V*
5 -%-
::
;
1
preferred
Co (The.)
Wood
Gar
2,700
i
cl A
(Robert)
Inc
Gamewell
740
9 V'4
9
5%
;'•>
105
*103'A
105
*103%
-
»
wV'.*6Ta
'
9'A
*48
52
J
•-5%
"5%105
*37 'A
Co
6%
900
>:•
;
3''a
.3
-
*5%
•103
•
19,
19
••
•
8%/
8'/a
8 V'4
■
Gair
1,000
.
(The)
Co
'
-
.
: V
18'A
Va
3
3
3
/
8%
8
,
'/V"
30
,
3
4%
2
3
Jan
4%
Sep
Dec
7'A
Jan
110%
Nov
A' Nov
%
Jan
y
9;
98'A
Dec
16% Jan
Jun
106'/a Jan
3
14 V* Aug 26
Apr 27
Dec
105% May
109 '/a May 13
J/2 Jan
'
5
Apr 23
Mar 26
Mar 11
107% Jun
2
J/4
Nov
9
16'A
Apr
25
Dec
Apr 28
May 27
*19% Jan
5
14
Dec
29%
Jan
Feb
7
8'/a
Dec
11'A
Jan
79 J/2 Jan
19
46%
Jan
80 %
Jan
5
16
Dec
24
Aug
A Oct
28 J/2 May
10
Jun 12.
% July
Sep
"
14%
14 Yi ■'■> 14%
•
4%
/
58 Va
*57%
12
:v.
*
'
12
■V./ 12
;/
4'
4
4%
*■'
,
'f- *54%
55
54 >4
54%*::
"'13 J/4
13%
13 \\
13 «/4
*38%
39%
*38%
39
*33%'
58
4
3%
•
2,000
4
Gillette
*57%
58 '/2
200
41/4
54%
*53%''
5'A
3,800
*13 %
13 3
54 "a
54%"
13 J/4
*52
>13'/a
Instru
'
5
Co
'13%
•
$6
:
preferred
No
^
No par
»:
(The)
Co
No
i
par
'
40 Vb
40'/a
*38%
'
-
40 Vb
*38%.::
4'%%
40'/a
;*38%\
50
preferred.—
conv
13
Dec
22
Jun
102
Mar
112
Dec
2
6 J/2
4% Aug 24
28
34'/a May
5% Jan
20
65 J/2 Jan
4%
2% May
58% Sep
,
14% July
Dec
■
Sep
.
par
No par
preferred—
Glidden
2,000
16
24
13 Va Oct
y/;
No par
Safety Razor....
conv
Gimbel Brothers
400
55
•
13 %
a
$5
16% Jan
110 b Feb
7% Jan 12
:3
Ja»
2
x40VbMar31
4
Apr 28
50
May, 4
12% Sep
8
37% Jan
2
.100
Rubber
&;
Tire
101% Sep 21
Corp—_JVo par
preferred
2,100
13'/a
m
4
/
4%
4'%
6%,
General
20
13'/aMar30^
11
May 21
20
Corp
■
.;i:
SB".'/
*57 Vb'
4% :/ 4%
13%
13%
h 4
*
58%
4%
55
*52;
4
*57
4 i:;:. /,?/
58%
Telephone
Gen Time
600
103 %
;
12%
'/
General
1,100
12
-
*102
12 ;•%
-.12
12
■:
■■
41/2
4%
12 "X
12
103'%
*102
104
*11%
t;'
.•*11%;
12
*11%
*102
w
58%
58 V2
4 «/2
*4%
'•
•4
;•
104
*102
104
12:.
12
11 %
;
11%/-
,11%
11%
11%
*101
104
*4
'
11%
11%
*100
14'%
4%
54
Dec
9%
Dec
Sep
27
60
Feb
74%
15
Mar 17
11
Dec
17%
Sep
44
Feb
35 y
Dec
46
Jan
A
Dec
4
Oct
•
■
52
*
!u
•
1%
*1%
1%
1%
1%
-
■
*74%
79
-
*76Va
21 Va
21%
21%
79
■79 >
-79%
79 %
*79 Va
22
22 %
21%
79
*76%
'*87%
21 Va
22
*2%
3
*2%
*77%
78
78
*77%
213»-
i
79%'-
i
22 Va
1
89
:
2IV4
'■/.
-*88%
V
78
2%
1%
*74%
78%
21%
:
;
4'A
4 Va
4Vb"
7%
7%
7%
73b
7%
7-%
.7 93 a
30%
*30%
30%
24%
'C23%
24
18 J/4
18%
18'4
18%
23 %
22%
23%
23
22%
23
22 'A
1%:
...
22 V'b
:•
..
.
*74%,
•/.
*79 %
Gobel
700
1%
79%
22%
,88%
88 %
89. .>■
89
*2%.
Goodrich
11.800
23 'A
.
•,
L.
Gold & Stock
3
..
5 C5>
800
1
No par
(B F)>
Co
preferred..
-No par
r
;
89
2%
*2%
2%
Goodyear Tire & Rubb—.-No par
14,600
200
,
$5
Gotham
100
preferred
conv
No
—
par
30
-78
.
"
1
1 :<
lit
Yi
7%
7%
*7IV.
*7'%
7%
7'/a
*29'%
30
24
*23W
24'A
18
17%
18%
23%
23'%
23
22%
-23
22%
23
138%
138
70
*60
70
No par
Hosiery—
29
*23'A
•
4 Vn
Granby Consol M S
8
1.900
7%
1,000
29%
18%
18%
M00
24%
18,200
-22%
1,300
138
22%
'*136'%
,
'70
•
:*60
138
Gr
Co__„
(W T)
Nor
Iron
—.—20
No par
Ore Prop
Great Northern
-Green
-100
Bay & West RR—
'
32%
32 %
32 J b
12%
13
12%
32
127 a
.
32
12%
32%
13
12%
32'A
12%
*31%
■
11%
11%
11
11%
■
11
'
11
*10%
*2%
84
86
*11
11
11
*10%
11
*
:
12%
••i2%;r:i3:-:"
*11;'" ■ "**11%
2%
3
-
10%
llVb.
2%
84%
•'
83
,2%
82 '/2
32
800
13
6,800
Green
(H
Co Inc
L)
—
ll'/a
2,700
Greyhound Corp (The)'——^.No par
5 J/2 % conv preferred—
—10
Grumman Aircraft Corp.—
1
*2%
2%
1.200
Guantanamo
79'/2
83'/2
:*u
■-
ll%"
2%'
83'
>
84%
4'b
29%
29%
•28 Tb
3%
29%'
3 Tb
29
29 'A
30%
*20
21%
*20
21%
*20%
21%
*20%.
22
*32
33
33
*32
33.
*32
33
3%
4
28%
28%
28%
11'%'
32
32.' 1
:
11%
100
4
3%
3'
..
4%
30%
200
4'A
8,100
31 J/4
15,900
8%
preferred
Gulf Mobile
$5
Sugar—L.
&
No par
100
—
Ohio
preferred—
RR_
Apr 21
50
25
1
3%
3%
3%
11
2%
84
83
83
.
2%
2%
*2%
*11
-
-
130
100
1
;
No
par
No
par
,
July 16
Apr 24
10% Apr 25
10
Mar 31
9'/a May 20
1% May 22
48% Jan
2
2'/a Jun
3
18
Jun
2
2
79V2 Sep
28
22% Oct
89
Sep
2
Dec
11J/2
Apr
2'A
Dec
80
*
2%
91
.21%
Jan
Sep
Jan
Nov
54
Dec,
74%
2
10
Dec
20%
Sep
22
59
Dec
90
Jan
July 27
'
Oct
Jun
25
3% July
Jun
1
3 J/4 July 22
79
7
22% Apr 28
No par
:
Preferred
70
No par
preferred
Western Sugar
Great
80
10
—
preferred
5%
13
82
68% .Nov
Feb
2
%
Dec
1%
Jan
51/2 Jan
9
21
3'/2
Dec
6%
Jan
8 J/2 Aug
6%
Dec
13%
Jan
8 J/4 Jan
14
5
Dec
12%
Jan
31
Jan
13
28
Dec
36 %
25
Feb
3
23
Mar
25 Va
Jan
Dec
18%
Nov
Dec
28'A July
1
4
6
Grand Union w div ctfs..—No par
Granite City Steel
—No par
Grant
1,200
24 Vb
24 Vb
22%
'
,
& P
Jan
A SeP
2
Sep 10
Mar 3
6
Apr 25
22'/ftMay 4
23
July 23.
14% Jun 19
19% Jun 22
I
5
Motors,
Graham-Paige
1.900
x58
MOO
...
—
4,100
18%'
22%
Preferred
110
24%
'/I
*60
•
7%
29%
-*136 Vb
138
*60
70
••
22%
138
V
139
,*7%
24
*23 %
if ;••%
•
4 J/b
8
18
23
:
/
7'/a
29 3«
30 Va
V-.77'%: j77'/2
4%'"'
*4
4%
17%
>
77%i-s
77%
-
30
29
Feb
23 'A Oct
>
100
Telegraph Co
H Jan
2% Jan
% .Jun 15
1% July 28
;; 74
Apr 30
13
Jan
2
56
Jan
8
y 10'A Jan
2
60'/a Jan .2
/• 1% Jan 20
1
Goebel Brewing Co
78'/2
22 J/4 ■
,
(Adolf)
200 y
50
22 Vn
79'%-v
4%
7%
*60
70
*;
'
7%
138%
138%
138%
..
k
mi..
21'/2
-
*23 J/4
*30
.
U
.
7%
*23%
23
78'/a
21 %
79%,
21%
%
%
4%
'
23
;
%
yu
*7%'
7%
,1%:../
.1%;
:
*
/%n
'
%
1
*11
21%
*79%
-
3
78 *
4%
13
4
*32
*74%
78 Va
r.
lif'
■
'
*60'
*88»4
88%
*87
:
3
*1%
1% V-
it
52
.
'
'
88%
*2%.
*77 %
'
.
•
22
21%
v
/ */•,
v.
Jan
18% Sep 25
25% Feb
27
18'A
28% Jan
27
Jan
14
135
Dec
Sep
23
42
Mar
33% Jan
I
'
12%
3
29 Va May
36%
Aug 24
-9% May
14%
Sep
10%
Jun
11%
Apr
10'A
Dec
18%
143
60
13
11% Aug 31
6
14% Jan
3% Jan
29
Sep
28
4% Sep
31% Oct
24
86
2
19%
l'/4
13
28
Jan
144%
54
July
Aug
Dec
Sep
Sep
3 Vt. July
Feb
55
Jan
Dec
1'%
Feb
4%
Aug
9
Feb
23%
Dec
H
*20
21'A
*32.
33
11%
*8Va
■*97%
■
11%
-
834
100
For-footnotes
"*32
*20%
33.
Hackensack
22
33
11%
•11%
11%
*ii%
11%
*11%
11%
*11%; '11%
%
8%
*8 Va
8%
*8%
8%
*8%
8%
*88%
9.7 %
971/2
30
*11%.
*8
see
page
1215.
*97%
100
*97%
99 J/2
*98
.
99%
*98
9.9%
100
"lO
Water..
25
preferred class A-,.——25
Hall Printing Co__
:——-10
Hamilton Watch Cp._——No par
6 % preferred—V
—100
1%
19% May 21
29
Apr
11
8% Mar 16
8
95
25
Feb
11
5
33,
Jan
13
Aug 22
Jun
25
10 J/2 Feb
Mar
11
106% Feb
6
7
23%
Dec
33
33,
Jan
:
Mar
Feb
38
8%
Dec
16%
8%
Dec
15
Jan
Dec
108
July
'
102
Jan
1210
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, October 5, 1942
NEW YORK STOCK RECORD
LOW AND
Sept. 26
*1374
101
4
*84
*
90
*8
874
101
4
84 la
89
8%
8
:•;•'■;
*84%
*84
8%
174
174
91
57
*12
174
'91
8%
*56
*84-;>V.
>:•:•
8%
■
*56
154
6
.
- -57.
*152
-t::'' Y'-Y:
Y ;;;■
•
*84
1 4%
(M A) Co $5 pfd
Harbison-Walk Refrac..
1,100
6%
61/2 %
774
>■
*131
12%
12%
12%
61
61
61
131
131
131
6
56
152 :•
*12
57
152
-
1271
74
*3674
3774
*3674
38
93
,*92
*92
95
*92
1374
*13
14
*14
,13%
,
*14
1374
14
1474
25
:•;
6%
,
1374
6 '/a
1374
,
29%
2974
3874
38
10'%
132%
37
108
*3
*347a
,
13
13%
i f
'li
; 61%
6174
r;
155
131
13274
•'
131
6 74
*3674
38
;
*91
95
>'
*13
1474
*13
14%
15
*25
*6
(G
*14
,146
2
Jan
,3%
•
88
92
May 12
8% Jun 25 ;
106% Jan
25% Jan
Dec
140
10
■
Highest
J per thare
Deo.
12%
19
Jan
4% Feb
29
100
17
140
6 %
67 a
6 7a
*6%
674
137a
*114%
137a
preferred—;—
cum
1374
13%
Holland Furnace
200
•
Hinde to. Dauch Paper Co_
Hires Co (C E) The
Hollander & Sons
1%
34%
"•'
•
10
:
22,300
300
1074
■■■
>
*36%
37
37
149%
Dec
-
/ v.-
Deo
106
*105
6%
101
Feb
Jan
Feb
3
YY;
*3
33%
33%
3
3%
7%
7%
7%
7%
19 74
19%
19%
19%
19%
19%
Yy 19%
*36%
37%
*36%
37%
36%
36%
7%
-7%
10%
5%
3374
& 474
—No
37
41/2
86
21%
22
36%
4%
10:%
10%
10%
11
—
9%
9%
*8%
22%
*22%
23%
23 %
24
85%
85%
*84
86
*83%
9%
22%
:::■
11
85
86
*155
85
155
9
9%
:
10%
10%
10%;
>•..'...64
64%
10%
Y 6
6
*5%
6%
*20%
21%
104%
104 y4
*104%
86
'•<--7%
7'--
6%
139
162'
6%
162
5;?
8
■
*2%
3
28%
,
*128
8%
47%
900
11
36%
%
*40
*29
29%
*36%
38
2%
29
8%
6%
*
Y>Y 3%
2%
''
42
*28%
•»■•
8%
V
2%
•
2
: Y
38
:.%■
1%
200
Int
Business
Internat'l
.
.
3%
tPreferred
37%
26
'131
29% Y
-38
Preferred
9,200"
■
-
>5#
Inter Rys
200
5'/o
29%
*
29%
38%
;
600
600
3%
*8%
9
*90
3%
37a
*8%
26%
■9
*90
*131
:
*8%
.
140
*90
92%
3%.<
:
v
-
__100
:
26
•140
9
*26%
*131
-
300
26%
*
Intertype Corp.-—^
500
$6 preferred
>8% Oct
16% Feb
74
;'
Jan
Deo
3%
Jan
21%
Sep
4%
Jan
%
Jan
31
4
" Dec
13%
10% Aug 29
10% Aug
24
Dec
2
5
Aug
45% May
4% Aug
Dec
21 %
Jan
Feb
9% July
20% May
Feb 25
Jan
8
Dec
29% July
111% Jan
Jan
12
154
Sep
161
74 % Feb
4
63
Dec
90% Jan
12% Jan
6% Feb
14
Dec
13%
157
-
85%
8%
5
6
Feb
23% Jan 27
6
19
' Dec
107
July
3
r»-
3.%
-
8
May
6;
166
45
39
>
6
5
140
4
Feb
July
52
Jan*
7%
Jan
Sep
27
Sep
113%
Feb
Jan
8
Dec
-v
9
V*
par
lVa Jan
2
2
Jan
2.
6% Jun 29
88% Apr 17
7% Apr 29
—No par
.
t?
100
....No par
.
1
May
24% Apr
1
127
7
104
.
131
Feb
31%
51% Deo
1%
Apr
26
;
Jan
2%
Sep
48%
Oct
Oct
31%
Fer
95
1%
49
•
Dec
Deo
374
3%
Feb
14
87
Feb
68
7
26%
124
Jan
Ocl
104 ■! 1 Oct
.fr%
6
Sep
49
;
May
23%
1%
Sep
Jan
;
.7374 Jun
•
32% May.
38% Feb
Jan ^ 20
July
20
5
30
Aug 20
,
4
Dec
May
1074
4% Sep 21
4% Sep 21
9% Jan
2
132
13% Nov
5
32% Jan
,
Jatt
2% Jan
1% Deo
95
Jan 12
9% July 30
29
Apr 18
170
Deo
23
48% Feb 13
Mar 14
July
125
2% Jan* 26
46% Jan
Jan
Jan
57
6% Apr
July 16
15% Jan
60% Jan
14
11%
167%
Dec
Jun
150
3
Jan 31
28"% Oct< 2
135
Deo
May
42%
%Jan 19
:12VaJan '9
8% Sep 19
50
Sep 19
Apr 29 '
3
77« Sep
14
Jan
151% Jan
Apr 24 '
26
May 6
32
Feb
5
—26- -May 29—-39 % ©et—1
LNo par
37% Jan
*
4% Deo
;.i 11 % Dec
2
100
94
'
2
27
Jan
274 Dec
74 Nor
.
1
Oct
13% Jan
15% May
Mar 25
4% Oct
8
_r.J
Y: 1%
6
22
11
Island Creek Coal-....
140
Feb
Dec
'
'
42
22
—
1
1
474 Apr 2
1% Apr 13
,
1
100
....—
21
3
Sep
Teleg__„_No
*
7 74
1% Aug 31
574 Aug 31
2
1% Sep
Interstate-Dept Stores.
Preferred
Deo
36% Sep
No par
:Foreign share ctfs—-
400
Apr
A
No par
preferred
Intern'I Telep &
3.400
8%
.
26%
:/V-
'
•
;j_„_100
:
International Shoe-r—.1*
92%
9
9
26
*131
2.6%
*25%
140
8y4
8 74'
8%
,92%
3
34% Feb
2
.126% Jan
v
^International - Silver
25,200
July
1% Apr 25
15
of Cent Am
preferred
7%
37a
Co
•5
31/* May 29
38
Apr 10
International Salt_i.li2;w_^-iVo p«>t
300
-ttjoX— 115
"3%
3%
.
Paper
preferred
conv
Dec
2'
Aug
•j»ofj.'v,^:-i-i24 V*
_„10Q
—
International
60
42
5
.-'Int'Nickel ot Canada^^'%iLKo
274
% July 27
5Vi May 25
Internat'l Mining Corp»»^iJi-^_l
3,200
14
May
147
25
preferred
1,600
*37 %
39%
-*101—104—
10Q-
Marine-—..No par
11,200
Jan
3% Jan
24
July
40
Internet Min & Cliem
38%
Y:' 41
42
28%
■
37%
3%
>3%
*40
par
Int Mercantile
700
Jan
64
57» May 20
1097/» Mar 16
par
JYo
——
Jan
39
'
_IVo
-
5274
Dec
111
.
'
8%
92%
*8% Y/9YY
27
145
42 >•
Machines
Harvester..-.:
Dec
24
Deo
100% Aug 21 -111% Feb
- 5%.Apr
29
-10% Jan
No par
Interlake Iron___:^.__^L.,^—lVo.par
Oct
30%
Aug 29 :;
Aug
Apr 24
19
preferred_-.+^2.-^-^—.-lOa
4,800
17a
*37
>
1
par
1674 Aug
36
2
,
974 July
.
115
100
54
Apr 24
8% May 20
5Vi Apr 21
•
IntercoQt-1 Rubber
Y
9%
i
No
Sys class A
48
47%
Inc
Int Hydro-Elec
.
2 7 3',
8%
8%
*17«
--*481—
-104—
3%l
3%
!
*28% >29%
29%
"3%.
*8%
*90
*8',4 •>9Y:Y
*26
*131%
Apr
18
6% Jun
par:
8,500
•28%
135
s
t6%
440
•
874
>*125.
47%
*36%
2
37%
130
4,"500
49%
28%
28%
135
47 Va
•
Ctfs
800
49%
•
.
2%
27%
8%
*40
37%
•
-■
Peb
20
10'/4 Sep 21
20
Corp_
9 y4
*125
46%
*36%
-*101— 404
3%
3%
8%
92%
Deo
9
107%
29
Jan
74
Insur&TTShaTes
5,400
...
8%
4974
2%
•
'.•>
8%
*1%
*37%
38
-104
3%
3%
*8%
*9oy«
::> 5%
x
5
2
21
.153
.No
—
Interchemical
%
i'iS
8%
>
*46%
.
■2
*40
29%
1
UGL
3%
3%.
#
20
Sep
2% Jan
par
Inspiration Cons Copper—
--,-*400
49%
8%
8
•28 Va
Y-
162% 162%
%
*49
137
>>.;
%
*
37%
42
*37%
*101— .104—Y
Feb
Jan
2
par
Co
500
.
139
49%
162
n'
•»<r
8
*127
106
139
V
49%
1.
8 74
28
Y
137
*36%
2
8
r ;i
49% ■49%
47%
3.6%
36%
42
Jan
38% Feb
13
May 13
32%, Jan
2
preferred———_.__100
6%
600
6%
674
139
162
%
?
6 y»
6%
162
4.900
19 %
*105%
.
5
Inland Steel
'
*40
Aug
1074 Jan
Y 5% Jan
10
Rayon——__zNo
Ingersoll-Rand———No
>
19 %
Refining—
Industrial
400
—7
49
YiYAYY
8%
8%
:':••> 47 i'v-:
*1%
8%
47%
*1%
2
*1%
36%
1874
30%
2
Indianapolis P & L Co——.No par
Indian
Bep
Deo
44
ft
—«._i.l000
Jan
1674
Deo
1874 Jan 30
1674 Apr 17
3% Jan
2
100
Deo
106
J
i-100.;
700
1,200
86
-
*136
s
%
8%
74
49
•
162
2% % 3 >
•' 28 a; 28 %
>
6
•—•"*7
138
48%
49%
*127
47%
9
9
47%
106%.
iV
8%
,Y
3
*105%
162
.
8%
137
;
106 %
*136
49%
28%
28%
28%
19%
;>•;• 6 t
6%
Iff.;
'•
8%
50
*49%
Y' 3
137
*128
.r
8%
8%
8 74
12%
1274
38
74 Jan
preferred series A——100
700
J
■
66%
*6
6 %
*6
-
19%
48%
7./>>>>:'jfch
•••
lif
50
6 %
6%t
RR See ctfs series A
10 %
Y
10%
20 %
•"'7%
139
>162
or.
8'%
*8%
*49%
6%
48%
10%
*105%
105
*136
162
162
jv
6
«-—6%- -«-£%■•-
49%
49
10%
20%
20%
105
137%
Y
48%
48%
10
6%
20%
"137%
6%
6%
*138
5
1
29% May
2
56% Jan
115
1374
115
2
•
-No par
Leased lines 4%^_^_«
65
65
*63
;
.100
Dec
99% Jun
29 ,'
May
2% Apr
preferred——,..100
310
24%
96
Bay Min & Sm Ltd...—No par
360
*155 •?■■',
*155
65 '
*63
10%
*6
105%
-Y- -6%
10%
21
*20%
64
','r.s
Illinois Central RR Co_,
8,200
:
'
64%
Y
65
123% May
33 %
9
Jan
80% July
132% Oct
14% July 23
3
30% Apr
JHdpp Motor Car Corp——.....1
fUi
9
23%
/,,•/
Hudson Motor Car.;—
4%
4
.5%-
7
Jan
July
16%
Apr
2674 Aug 20
6% Jun
1
6
8% Jan
■
—5
v
Manhattan.
&
Hud
19,500
v
>27
,
25
1,600
36%
4 :'
t c_.
v
3,600
1
8%
21%
36:%
10%
10%
8%
8%
7%
36 Va
Y> 4 Y
■
*9%
23%
*155
*63'/a
July
13% Jan
22% Mar 21
>
>
par
1,700
u
19%
1
*3%
:
10%
7%
19%
37
*3%
9
9
*'22%
*155
44
23
100
Sound Co—
Hudson
100
,
1874
No par
preferred!—
Howe
400
174.
li
—12.50
Houston Oil of Texas
'
9%
23%
*84
I
10%
*10%
'
9%
7%
4
*3%
*22'/a
Jan
168
1
102% Jan 12
27
Household Finance-———No par
374
3374
33 74
3374
-
Y 10'/a
6
Dec
10%
a;
Bep
Jan
65% Dec
2
1374 Sep
.
Jan
Sep
874
96
2
Mar 2T.v
111% Feb
.
150
96
Dec
2
12% Mar 11
,5
5074
Jan
5
14% Jan
3%
Dec
132% Oct
Mar 13
<- lI
Dec
Jun
5
13% Oct
9
79
—100
Class B
400
47a
4
Feb
30 % Mar
No par
Houdaiile-Hershey cl A
106
18 %
*35/a
125
174
76
>
72
27
10
preferred.—
Homestake Mining—
2,700
'37
*10474
». 3
3374
10%
K
Y
4.Y
3714
*10474
3>
3374
10%
2574
*37
3,8 %
10%
108
*3674
108
*37
3874
247 a
25
2374
25%':/
;%"•?
7.40
10%
10%
3
24%
*37
36 74
x36%
*103
3
*3374
3774 •ip:'
7C>1074
37%
•Yt'
26%
;
37%
108
274
■
1
(A)
Holly. Sugar Corp—
700
,
Apr
—10
(Del)——
9
51
1N0, par
100
May
141% Apr
,mNo par.
'P.
6
19
6 74 Feb 19
58
July 13
158
Feb 28
2
4
4 10% Apr 28
,
u-100
,64 cohv preferred—^
1% Jan
93'% Jan
4% May
par
Hershey Chocolate——
4
24
45
No par
100
*114%
*114%
-No
100
1
2574
Jun
7974 Apr
—
—.—..^.100
Hercules Motors...—
Hercules Powder
600
151%
25%
V> .*4
! *
Jan
Jan
1674 Jan
;
2
7
5% May 21
25
•Preferred
900
.-1
W)
*
;/>■
/
25
•;
300
•
.
2574
674'
*13% 11374
:,
Y
■Y1574'
*14
25
38
174
V
7 80
s
2
...
Products Corp,—
40
-v
Mfg Corp...
Helme
1,700
Yb&Yy
*3674
r
1474
25
13%
2474
:
10%
*3674
35
15%
*11474
38
*105
3 74
■■•
Apr
3% Mar
l*-.:*
tHazel-Atlas Glass Co
100
*91
:;:-M
92
r
Y;:>i3vY
> '*14 ' Y
25
1374
V
;
•2874
10%
1074
37
,*105
«7
104
1
$ per share
■
27
*3774
>
:•.;<>> *6
13%
*11474
92
1474
.
38
*36
96
/
243%
6%
>
13i%.
3674
3674
25
*24%
*114%
!
100
Hecker
9,800
57
*150
13
61%
Hayes
290
674
*56%
152
61
,
1,000
•
6%
f
Y;
1274
61% ■!
' <>>"■*6074
*131 Y- 133
Y
•
6
.....
~
v;
131
674
*56%
-
91
v;
'
*6
20
126
or
.1
preferred
Apr
Year 1941
Lowest
'
I per share
12% Apr 29
par
„._10O
of Amer class A
Hayes Industries Inc..;
1%
1%
91
91
'-h 6
.
152
1274
60%
133
25
No
,98
Range for Prevlona
Lots
Highest
t per share
No par
preferred
Hat Corp
100
100-Share
Lowest
Par
■■
Hanna
88
>
On Basis of
>
*
50
,4
774
8
1%
91
56
154'
12%
*13
Range Since January 1
STOCK ;.
EXCHANGE
135
*374
88
*774
174
91
60
"
*1%
91
6 >;
;
;
57
*152
1%
91
6
574
.
154
*152
17a >
.
91
6
...
?~
60
89
„
1374
4
NEW YORK
Sharee
101,
*130
135
*374
v'
•
*100%
137b
*130
4
the Week
I per share
101
*13%
135
*374
89
*8%
1374
*130
4
*100%
Sale* for.
Oct, 2
I
I per share
101
13%
135
.
share
*100%
1374
13%
"130
4
Oct.
■
*!%
,*0074
a. Y.
*56
13%
135
*3%
*130
144%
*374
"100%
t per
Friday
Thursday
Sept. 30
t per shan
101
13%
1374
*130
STOCKS
Wednesday
Sept. 29
S per share
101
*100%
Tuesday
Sept. 2H
$ per share
SALE PRICES
'
Monday
Saturday
HIGH
Feb
Sep
8cp
Sep
Sep
9%
Aug
Dec
3374
Aug
Mar
134%
Aug
'■
j
*8
874
*19%
98
19 3
20 74
125
5974
8
20 ;i/4
5974
21
*92%
59%
1975
874
21%
98
59%
*124%
1974
1975
8%
*92%
125
*124'/2
;
874 &
*874
-
98
*921/2
5974
59%
*12475
8%
20 %
20 75
*927'a
874
'
1974
59%
5974
5974
1974
55
x8 74
1974
125
55%
55%
55
55
*5474
5574
55
66%
66
66
*6574
66 34
*64%
661/2
*65
*8 74
8%
*8 74
874
8%
874
Y *9%
*975
974
*122
•
27
1174
*102
>1174
1174
110
*1274
6
6
103
5%
10374
3074
3074
214
I
*2574
2%
1914
3474
19%
*274
2274
26
26
*1974
;YY;>274;
374
22 »/2
*1174
12
*33 74
*33 75
1574
15%
*10%
11%
*24%
2474
21%
:>■/
11%
3474
3474
3474
34 74
*2
26 »/4
267a
26
11%
35
1%
174
1%
2174
sN
*274
1%
114
.2214
2674
261,4
2,800
10%
*101/5
•200
25
25
1074
10%
10%
25
25
25
2174
*108 74
111%
20
3
3 74
3i/».
3:%
4,000
174
1%
174
174
1%
174
174
2,000
*21
14%
1474
14
1474
14%
1474
21%
21%
21%
2174.
2174
25%
2574
4 74
4 74
For
footnotes
26
4%
see
>
•■*
Laclede
5%
Gas
Lane
Lt
preferred
Lambert
Co
St
Co
•
Rubber
No
&
Portland
147'a
1474
5,600
6%
2174
.2,700
Lehman
conv
1374
14
*13 74
14
*13%
14
200
Lehn & Fink
22 74
*2174
22
2.17 4
2174
700
Lerner
2674
25 7 a
26%
26
26%
2674
2674
26 %
27 74
4,900
Libbey Owens Ford G1
4%
4%
474
4i%
4 74
4 74
474
4%
3,500
Libby
page
1215,
I
__
No
McNeill
Corp
&
...
Libby
4974
1674
Jan
3
Jan
6
Jan
3
Jan 20
59
Mar
Oct
Oct
Feb
Jan
Sep
102
Sep
12% Mar
7% Apr
16
.
105% Jan 20
37% Jan
3
; ; 1474 Sep 10
29
Jan
7174
128
Dec
'3^4 Jan 23
Jan
>
2
29% Jan
-
5
24
11% Jan
2
27
Sep
Feb
27% July
Oct
67
Dec
Aug
86% July
14
4 74 Deo
xll6% Jun
2
Deo
13% Deo
• 974 Dec
100
Mar
6% Dec
95
Dec
9% Dec
4% Dec
12%
Sep
Jan
121% Mar
6
Aug
2274 Aug
14% Aug
104% Jan
9
121%
18
8%
100 ;
Aug
Apr
Jan
Jan
Mar
39% July
1174 Dec
14% July
25
5
40% Feb
22% Jan
Dec
Deo
9875 Feb
3074 Dec
3
274 Feb
Dec
Nov
8%
3
2
2
5
13
24
12
7
Jan
Jan
111%
64%
974 Sep 29
12074
6%
27
1174
100%
11 %
14
44
Dec
38
Dec
Jan
174 Deo
,•
;
374 July
23% Feb
21
Dec
5
9 /
40% July
26% Sep
274 Feb
x22% Mar
24
Feb
;.*• 5%
Sep
2874 Aug.
29%
Jan
8
5%
Feb
Sep 30
17V4
Jan
Sep
45% July
1634 Aug 24
1074 Aug 24
10%
Dec
14%
Jan
13
25
1474
13
May
41 %
Oct
1
7
Dec
17%
Sep
Aug
27% July
'.26% Oct
9
19%
Aug
4
113
Jan
16
107%
Dec
116%
Jan
274 Jun
2
4
Jan
26
174
Jan
5%
Aug
17a Jan
20
%
Feb
2%
Feb
104
7/a May 25
23 % Jan
Apr
2% July
14% Sep
50
8% Jan
7
1
Prod Corp
Stores
24%
64
7974
11
Dee
Dec
122
16
7,
29
21% Apr
par
(The)
22%
4%
100
xl26% Jun
5%
3174
107%
■
7% Apr 29
-r.
8% Sep 22
33Va Jan
5
107% Jan
5
62VaMar 4
fi
4
31
15
874 Mar 17
preferred
Corp
2
9
25
15% Apr 15
18% May 29
__50
__
6
par
..25
Cement
2274
14
par
9
—5
Tire—:
4% conv preferred—
tLehigh Valley RR
Lehigh Valley Coal
21
100
•
.No
227a
*1374
May
2674 Jun
.100
Louts
•'
_
(The)
2274
14
474 Jan
100
No par
Bryant
Lehigh
2174
11174
2%
*108 74
17
2
26
17;
18
7
23
Apr 24
Keystone Steel & W Co —zNo par v 11% Apr
Kimbttrly-Clark
No
par
«.
24% Jun
Kinney ;(0 R) Co.»._:
—1 ;
l%Jan
$5 prior preferred
No par
30% Sep
Kresge (S S) Co
i
10
.17
Mar
Kresge Dept Stores^
1
>
2% Jun
Kress (S H) & Co,——-Y.—No par }.&■ 19% May
Kroger Grocery & Bak
No par
22% Apr
300
2174
111%
214
21
Kennecott Copper
Lee
*108%
21
.
Kendall Co; $5 pt pfd A—-—No par
400
3
11174
21%
%
1.440
1,090
16'%
1474
13
874
3774
16
9%
217a
*
874
37
1574
14 74
*2274
26
39%
8%
21
8
374
22%
2574
1>
10
Mar
Jan
May
Apr
May
Jan
July
—
157a
1474
13 7
,
Class. B."
.
Feb
117
274
16
6
85
•
7
* 93%
10%
.
1974
2274
Y
2674
2174
227a
34%
*274
22%
14 %
2274
34%
1974'
197a
*274
22%
21%
*13 7/2
•
274
38
10%
*-« O 00
*2 74
500
1514
*2474
*21
100
7%
1074
11
ft
19,800
1474
26
41%
25
3
3114
9%
*2474
2174
-
38%
*10%
108%
■•
3%
26
->-/
*15%
11%
1574
v
*1974:
1974
•
%;>:■
24'74
*2%
30 7«
*14%
274
2 4 3/4
108 74
'
30%
*2.'/4
*10 74
*2074
10
2%
1574
3
»>103% "i 10374
*274
1974
50Q
200
14%
22
1174
110
6 7a
261/2
19%
•
60
*57a
14%
35
500
6%
*2574
274
1,100
7
.9
17% May 20
54% May 1
.61
May 20
7% Aug 13
5
L pf ser B—No par
City Southern.;
No par
4% preferred
lOflf
Kaufmann Dept Stores..
_._1
.5$ conv preferred.:—i._—:__100
Kayser (J). & Co..
^
5
Keith-Albee-Orpheum preferred-100
Kelsey Hayes Wh'l conv cl A
1
Kansas
500
1474
1574
110
2974
'
—.10
Kan City P &
12%
2675
'
'
1174
■
1
Kalamazoo Stove St Furn.
1214
*1474
374
11%
30
......
8,400
27
*103
*10374 10374
103%
2974
*574
,
•
—No pan
pref series A..__.4,....'..100
5fr: pre! series B conv_...^.100
Joy Mfg Co.
100
1274
*25%
2274
Y 33%
6 74
'
700
85
674
•11%
500
Jan
122
Jones & LaUghlin Steel
>
85
Y: 110
nz
*22%
34
3
19%
107%
*103
;
-
2
18% May 13
May 4.
50% May 15
85
100
2^
.
5% Jan
4% %
Preferred
121400
974
6%
27
27-:
14%
19%
*2%
1174
"•
(
1
y
6
85
2674
'
34%
.3%
26%
11%
'
*2%
19%
110
103%
30%
*2574
22% Y
' -1174
12% v, 12 '/8
*5%
*14%
34%
*11
*103
6'/4
30
1474
•
«
103%
27
26%
Y:
5 74
*103
2274
34
15%
'
1274
.
s'
69-
974
6
*6% .-774
85
100
5574
*122
2674
77'a
88
.
20%
*874 ,8%
974
574
2674
*85
1174'
110
12 74
*
307a
2%
*2
35 -:Y
*3414
5%
-
10374
: *1474
15,
26%
*2574
*1174
*103
12%
.
*103
307a
*14
1174
*1274
'
*122
*674
77'4
88
6074 >
125%
6674
■•
874
974
97/a
-ri74
574
25%
26%
*674
*85
no
*103
1274
26%
774
88
*9%
i
574
6674
*8%
*122
__
574
2674
*67i
*85
9%
974
*122
5 74
*25%
774
85
'
—
*574
574
27
7 "«
85
*
974
*122
574
*
874
:
.
5574
*5474 •■•55%'::
*65%
*874
600
1974
19%
,4,900
preferred.......
j.
100
Johns Manyille___.--..i_.__-No par
98
5974
<
125
'■■
.
.900
2174
*9274
;■
Jarvls (WB) C0..1
1
Jewel Tea Co Inc_^..^....._No par
8%
*2174
.■•■'.
2174
12474
19
1974
874 >::98
*9274
125
*124%
,
2174
21%
98
59%
125
*874
1774 Apr
1174 Apr
17
2174 Aug 19 \
24
1414 Aug 31
1174
Dec
14%
18
Apr
29
22% Sep
26
18%
Dec
27%
Sep
20% Jan
5
2774 Oct
2
19%
Dec
4574
Jan
12
574 Jan
20
3%
Dec
7%
Jan
5
No
par
.No par
....
7
4
Mar
15% Aug 18
Xl9
Dec
24%
Sept
Nov
<?
-
1211
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
'STOCKS
HIGH SALE PRICES
LOW AND
-
Range Since January 1
'
Monday -:-
Saturday
Sept,, 2G
1 per
$ per
share
*55%
58 '/a
58%
175
*172
,'
12%
14%:
20%
20 Va:
; 20%
44
V'
*
18
15%
15%
Y; -15
36%
36%
•••14%
,17% '
15
•59%
60%
*17
18
*17
*124
130
r
,-,"32%
•
2.300.
v
-
;
:
*17¥a
211/4-
21%f
-
9.400"'
.
43% ' 44Var Y:v;
V
35'%
36 'A
-
-
V-
5.100
15
15%
*1.5%
145
14 Va". Y
14%
,3 Va
i8
Y
:
--
:.:i45 Yv
59
V
22 Va Jun
No
par
25V2May21
4
No par/ _J
9¥a Jan
2
11% May 1
14% May 20
-r,
i.
>.-'
Lockheed Aircraft-Corp—.—-i—1 *'■
Loew's Inc—i
a.—;
No par *
37
.
Jan
,.32% Feb
Jan
,
21
May
9% Dec
13
6
-13% July
16¥a
May
35
Apr
Jan
31 %
.
•" 19% Apr',
28
Jan
37% Jan
...
Apr
1
Jun
30
Deo
42 % Jan 28
"
16
189
Jun
X29
Jan 21
24% Jan'
45 Va Aug
Jan
x20%
123/b Sep 10..
15% Jan' 3
^
Jan
98
17% Dec '
4
2
Jan
96%
174
2
34
39
Dec
64% Nov
22% Sep
23
Not
64%
Jan" 6
175
No par
*17%
14¥a
60%
1,600
•YYr-YV
Y 61
V
>
40
:
Y ;*i4% >14%:
'.
200
/r,
.
145.. v; 145'
14%
59%
V 59
18
2,600
,
Y'..",' 15% <,:T5 %
145..
;
3¥a- Y "
.
61V*
300
2,300
'
31% Jun
Long Bell Lumber A——No par
2% Mar
LoOse-Wiles
Biscuit——,
—25 7
15
Mar
Lorillard (P) Co——
—10
7 11% Apr
7 c/e preferred
—
100
128
Mar
Louisville Gas & El A——_No par
11% Apr
Lone
5,200
.
3%
3%
CY *17 %
15 Va
;
16
Lima Locomotive Wks—
Refining Co
32%
Sep
39%
Qct
'
-18
.
15
*143
59%
59%
Y'
.
v
164% Apr
Highest
t per share
t per share
33
Jan
3
73% Jan 12
74Mi Jan
5
29
Liquid Carbonic Corp,.——No par
Year 1941
Lowest
S per share
No par V;16% Apr 14
Lion Oil
1.000
14 VaT14 VaT
36% ;>
; 35%
Vj *3% v: 3% '
-;
145
*14%
V
21%
50% Apr
'
—100
—u—L
—
share
20
Mar 13
50% Apr 18
—25
—
Link Belt Co—,
400
32 Va
-12
tPreferred
5 *
25
Tobacco
I
$ per
Range for Prevloss
Lota
Highest
Lily TUlip Cup Corp—'
—-
"
:
•15%
142,%
14%
60%
43%.. 43%
36
36
3%
,
17 ¥4
*
43 ¥a"
,
20 Va
v
*3%
145; .¥:
15 Va
60%,
27
."•'YllVa
11%.
21
43%
•
"
*14%
r.
26%
32%..
11%
....
23
25Va V
f
•'Series B
130
173%
*21 Va
*
"
15 ¥b
*142%
145
*32 '/a
.12
20%
;
43%
17%'
-
25 Va
••••
Liggett & Myers
1.200.
•
ft)0-Share
Basis of
Lowest
Life Savers Corp
200
Y.
58
On
,
Par
200
56%
• 57 Va
*172%
....
EXCHANGE
Shares
;
30
56%
.».
,
,23
32 Va
*11%
21
20%
*: 43%
3%
17¥e
17Va'
*142%
•
174
*21%
v
;
14%' Y4%'Y :-Yl4%-.'-14¥a7' ±-'-"*14¥H° 14Va;.-,
.
Y
36%
vYx 3%
3%
3%
173%
/
23
.
32 Va
32%
12%
•
57%
,25 ¥4
*25
'
vY 35%
172%
26
Xl2 Va
21
43%
35%
172%
174%
*28%
.
57
57%
*21 Va
-14%:
14%
43%,/.-
57%
the Week
* ver share
v
29
,
*55%
57
i;
57 ¥4
.
.
STOCK
NEW YORK
Sales for
Oct. 'i
share
per
29
*
29
*55%
;.
22% Y.
-
*35%
¥4
*32 Va
32%
14%
43 Vb'
.
58
*25%
'•26
32%
12
*28%
57
S
per s/iare
*21%
22%
'"Y 12%
32 Va
*32
.12
28
58
172%
*25 Va
25 ¥4
25%
28
58 Va
*21%
-
S
Friday
,
'
Oct. 1
Sept. 3.0
share,
per
*55 Va
57
'
•172%
.
22% V' V
*21%.'
$
t
4
Thursday
Wednesday
1
Sept. 89
.
share
•28
56 ¥4
58%
*172%
Tuesday
:
28 %
28%
56 ¥4
*28
'
Sept.;>8
Cement Corp——No
Star
par
100
Nashville^
Louisville &
,
4'A
13 " 18%
29
16%
30
149
27
2
12%
Dec
19
Sep
19%
Dec
142% Dec
Jan
162
Jan
15
Dec
22
Sep
60.
8
76% Jan 26
■;
3 ¥4
Dec
13% Jan1
July 29
Jan 30
18% Jan
9
55% Sep
•
1%
Jan 24
Feb
6
45% July
Feb
74%
Nov
Deo
M
17%
130
*124
7: -
Va
29
Va
*16%
*122%
77
29 Va
*29%
29
*19%
20
*10%
11
*10%
11
23
*22 'A
22%
4"
*122 "a
130
29% :Y Y
Y 29%
*10%, 17. 7.7
124 7 124 %->?&
29 % 7,.
29%
i6%17%
17 Vb'
i3o
>29
T
29%
-
17
v17
*124
Y 130
"Y
,29%
29 Va
20%
•
■
1
22%'
r
4
*3Va
•
>
Y:
?:
20
3Va
197/a
1
20
22 Va
11
*10%
11
*22
23%
*22
22%
YV" 3Va
3%:v
'
14%
•
:
*5¥a
3¥a
{
*5¥a Y
6%
.
22 %
4 %
33'4
..
4
,
*5'A
;
r
14
1
200
Va
•
1%
*1
1%
*1
yy-
1
1
3
•
3
••
*
1
OIK
"•
1%
1 Va
1%
7
•'
*
'
600
;77
Manhattan Shirt-
Y *97«
*9%
10
3:-.
9%
3
10 Y
OVa
.«%
V.
-
3
v.* 2%
3
*2Va
2V»
'
"
*
9¥a
1.
;
21%
3Va
3%
Maracaibo Oil
;
1 —5 -
Exploration
>27 Va
*27 V4
27%
*27%
19 Va
*18
20
*18
24
24
23 ¥a
*
163 V*
:•
*38%
39%
38%
38 5/s
1%
*1%
1%
14
*85%
86 >/a
12%
12%
' Y
'21%
,;
27%
*
■
14
:
"
*
c;
103
19%
19
19%'
Y8T:>YY
12 %
Y-..
.
27'/a
700
Masonite
19%
200
Master
lVa
197
11%
7
-
*6¥4
-12% -12%.
''104
33%
33%
34
*33
--12%
38 Va
100
10Q
*106
108
108
103
*6%
7
30 ¥4
*105
108
6Va
6%
6%
101'%
*99'A
101 Va
*99%
101%
*99%
"6%
6%
"6%
6%
*6%
6%
*6%
64%
66%
*64%
65%
*64%
*59
61
*59 %
y
61
go
23%
:
23%
'23%
23%
23%
23%
"5%
■
5%
5%
5%
5%
5%
*26%
26%'
26%'
30%
30%
30%
27%
*27'/a
28 %
5%
5%
*5%
16%
16%
16%
7*19%
107
in™
111
20%
%
11%
11%
11%
*11%
3%
3%
YY 3%
3%
15%
■15%
76%
76%
•
3%
•
12
12
12
i«
l«
!
.
*15%
116%
*115
116%
'115
116%
*115
119
*118
119
>118
119
*118
119 "
109'A
30 7%
108%
108%
30%
30 ¥4
16%
16%
.9%'
9 ¥4
22%
:
21 Va
2lVa
*2 %
2%
2%
2%
*2¥a
10 Va
2.0%
:7
2%,(
* 2 Va
12
1134
•
21 "'7
-
14
57%
5
*5%
57 Va
109 Va
110
*5%
5%
5%
Va
2%
5¥a
5%
"YYi4'7
7.7,- '7-'-
'
*34
:
*33%
35
series B——.No
Morrell
3,810
50
No par
:~5
1
Morris &'■■•Essex.-—
3,400
Motor Products Corp
400
22%
Motor
1,300
2% 7-2%
900
Wheel
Mueller
Corp—
Brass Co—L—
1
class B
Mullins Mfg Co
"
56 V4
56 Va
109
109% '
57%
,
,
5%
53/a
*34 Va
35
400
Munsingwear
700
Murphy.Co (G C)__
-No par
4%% preferred
L
—
—_100
Murray Corp of America—
10
Myers (F E) & Bro
No par
109 ¥a
109 Va/:
5 Va ' '
35
No par
—No par
preferred
90
14%
56%
*14
14%
57%
56%
58 3 a 7 59%
56%
*14
14%
57%
par
No par
No par
& Co—
(J)
10%
12
$7
390
109 Va
5%
\77
-.
No par
preferred
14¥a
22
2%
—10
CO—
Montg VVaid & Co Inc
100
,
100
20
preferred series C—.—No par
$4
1,500
5^8
1
35
*33
35
*33
109 %
109 Va
109 3A
*14
57 Va
57 %
109 Va
*54
14 Va
*14
57%
*56%
57%
*56
14
14
*13%
*109
56
56
56'/a
*56
22
21
2%
"
*56V4
38
10
11 %
*11%
22%
*21 Va
22%
*34%
7" 10
12
12
8,200
14 VT.
10
12
31%
13
934
12
*11%
12
*11%
109%
30%
'36
9%
9 3A
*108%
15Va
15%
Chemical
Preferred
36
36%
36%
'16%
No par
Monsanto
200
35
*34'/a
Jan
1% May
Dec
5%
Jan
3%
Dec
11%
Jan
Dec
17%
X20% Dec
32%
Sep
12%
Jan
28%
Jan
•
10% Sep
12% Jun
t.
11
/ 26 Va Jan1
6Va Jan
-
3%
Inc
Dec
27% Feb
19
24 Va Jan
21%
29 Va Jan
24 '/a May
176
Apr 20
46% Jan
21
90 V8 Jan
Dec
8
Jan
14 Va
Dec
16
6
103%
Feb
109%
Nov
20 Va Oct
1
13% Dec
25%
Jan
6
Feb. 28
8
34%
7.% Jan
108
6
103
11
Jan
Dec
5%
27
Nov
Sep
Mar 24
70 Va Mar
Feb'
3
54
2
27% May
Dec
9%- July
82
July
71
Aug
33%
Oct
Feb
6 Va
Dec
21% Feb
29%
Sep
3 Va
2
14
Feb
30%
Apr
30 Va Jail
24
Dec
37
Jan
4%
7 Va Jail
17
Dec
17% Oct
13
Mar
23 % Jan
Mar 12
May 18
17
Dec
48 % Oct
9¥a
"38%
86
2
24
Jan
177/e July
Dec
34
102 % July 14
107% Apr
Nov
45
Dec
112
105%
~1%
Dec
52
125
Jan
Jan
Va
Jan
4%
Jan
Oct
110% July 20
3 Va Jan
Mar
13
1
Oct
797/a July
Feb
15%
%
Oct
2
2
Dec
9%
4
4 Vb Oct
.■■;v '1 "; Dec
Dec
12%
Oct
July
xS? 1
3%
Aug
17%
16
Sep
91
Jan
7
77
Feb
10
112
Mar
115 '
Mar
Aug
118'A
123
May
8
May
1
119
8
Mar
16
110 % Jan
6
31% Jun
'Sep
94
Sep
Aug
108%
Jun
113%
Oct
4
24%
Dec
39 Va
Jan
42 Va Mar 12
35%
Dec
43%
Jan
29% Mar 25
21
Vb
Dec
30%
Aug
10% Oct
1
5 '/a
Dec
12
Jan
12 % Jan
30
9'/a
Dec
17%
Jan
25% Jan
20
18% May
24%
3 % Jan
Oct
1;
Jan
2
Apr 23
Aug 27
Sep 11
Jan 2
Jan 7
May 6
Sep 18
Jan 2
Jun 2
Sep..
110""
323A Oct
Apr 15
Apr 28
102 % Apr 28
23 '/a Apr 24
36
Aug 26
Sep
15%
Jan
Dec
Jan
27 Va Oct-
37 ¥4
109%
5
7
5% Mar 23
2
24
9 Va July
101% Apr
5
72
77
.
Aug
8%
32
7
17
May
Dec
14,
7% May
8
Dec
/ 9% Dec
13 Va Aug 28
109 •" Sep
Dec
26Va
16
Jun
115
50
.11%
49
108%
4%
30 Va
107
Dec
110
6%
9%
20 Vu
2
Apr
12%
Jam
117% Feb
13
Jan
28
6
May 15
66
Sep
2%
,
108% Jan
2
20
1
Apr
90
28
Aug
56%
Dec
Dec
Sep
176
Dec
1
Sep
31%
Jun
15%
6
12% Sep: 28
14
May 11
21
24'A
5
12 %
16 Vs
88 %
Mar
Sep
28
Dec
40 Va
7
1% Sep
May
171
13
Jan
18
Sep
¥4
12 Va Aug 17
900
.
Aug
2%
67
400
•
7%
16%
5
8% Apr 28
& Jan
2
1% Jan
2
12% Feb 27
7'io
119
Dec
Dec
Apr
1% Jan 31
3% Jan
l7/aMay21
preferred series A
Mohawk Carpet Mills—
31
30%
*33
117
*118
108%
108%
30%
16
9%
97h
.;
109%
30%
30%
*33
16%
16
*108%
109
30%
36%
*33
38
*33
108 %
31
*115%
119
*118
4¥e
5 Va
57% Jun 26
Mo-Kan-Texas RR
Corp:.
$4.50
Feb
Sep
July
12%
26
——10
1,500
10
1%
30
6% Jan. 15
—No par
preferred
Mission
78 7
31
Impl—.—7—1
Power
Moiine
$6.50
Dec
28
4% Jan
Apr 30
35% Jah
2
T03%~Jain9
xl07% May 19
preferred
1st
cum
Minn
11,400
4%
716 '
„
..—No par
100
No par
—100
4% % preferred series C——100
8%
100
..
115%
115%
116%
•118
Petroleum——.
Prod
Steel
1,500
16
,
76
76
400
—-5
Minn-Honeywell Regu
—4-^-conv'pfd" series B__
20
;
76%
16
*15%
76
10-
~
1
•4
Midland
5
Co—:
Mid-Continent
190
1,100
11%
IS
%
3%
Copper
800
59
11%
...
3%
15%
*75%
%
-
3 %'
Machine
3,800
-
Mln Trans Co__—No par
Miami
2 Va
*57
preferred.
1st
conv
Mesta
109%
2%
2
2
(The)—.
Co
600
48 %
109
112
Shoe Corp—
&
j
100
-107%- 110
110
--107 %
58
*115
*108%
"48
57%
15%
*75%
100
48
No par
No par
—1
— 1
?—50
preferred series A—
5%
100
...
$5.50 pid ser B w w
Mengel
•
No par
Merch
20%
■/
100
preferred—
3,000
17%
16%
20
47i'2
*109
76
15%
76
76
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59
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15%
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7
'
$6
1.000
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!
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111
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% •7:
27%
5%
r,
_.*10T%- 110—
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3%
27%
% *5%
47%
2%
-
32%
99%
59%
%
27%
1
19%
16% Jan
17
9% Jan
10l
May
5Vs Jun
94
Apr
6
Jan
.65
Aug
60
Sep
20% Jun
: 4% Jan
22 'A Jun
•
——1—100
Stores .CaL—
conv
Melville
90
30%
20%'
99%
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700
27%
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111
1,500
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27%
20 ;'7i
*2
.
5%
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20
23%
23%
5%
preferred—!
14% Aug
Aug 31
28
Robblns Inc..—.A—18
Mead Corp
200
*27
99 Va
*109
23%
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7
23
16%
12
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7
23%
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•
61
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v
65%
61
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107
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107
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7
46%
100
6%
20
6%
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i; *19%
20%
100
46%
99%
27%
•
McLelian
6%
30%
f
McKesson
29 ¥a
Feb
27% Jan
Jun
2
Mar 6
May 12
Aug 21
14
Apr 17
6% Jan
3
.--5
Dec
Dec
11
76
9
10
99%
—No par
Pub Co
Mclntyre Porcupine Mines
Jan
17%
31
Apr 29
1% Jan 5
13% Sep 24
'——1
McGraW' Elec Co..
5% 7*
-
162
.—10
—_—No par
4,7001
6%
■;
100
preferred
_•—!—No par
56 1st cum preferred.
-No par A
McCall Stores Corp—'———-1
McCrory Stores Corp__
>
1
5% conv preferred
.——100
107%
6%
5
Jan
138
"
13% Jan: 22
% Mar 27
2% Jun
4
4% Jan
2
19
par
$3
McGraw-Hill
21% Jan
31%
Dec
19% July 28
1
2,300
99%
30%
5%
400
:
'
Apr 30
Aug 25
May 4
May 22
par
Wks—.—No
1,300
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28
16%
108
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30%
:
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.
17
100
46%
46%
28
7
5%
20%
20
100
100
*
30
30%
27%
7.7
;
6%
27
27
2,700
•
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5%
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26%
26%
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20
.:
6%,
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65%
60
65
65
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61
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103
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714
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77
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t
700
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17
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31
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20
70
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711%
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Maytag Co
•
35%
17% May 20
3Va Sep
4
par •■:>; 22% May
1
No
No
Co__
Alkali
Apr
8% Apr
May Department Stores
1,700
87
*86
87
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7-/ "*12
-
•11%
20
33%
.12%.. 12%
12%,.
105
108
Y'f
7
7
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a
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1
103
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87
12
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par
preferred
7%
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14
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Y
13 Va
13 Va
1,109
;
---
38%
«
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«13,4
14
22%
Corp—
Elec
Mathieson
23 %
L—1
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Martin-Parry
22%
■
No
Martin, (Glenn
1,600
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—
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103
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87
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11
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86
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s
& Co-
5,300
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86
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'6%: pr preferred—100 77
19%
22%
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38%
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Marshall Field
3%
19 Va
vYy >:■: *163'A
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1,900
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7
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1
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77,
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2
131
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25
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2'/a
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10 Va
20
2%
■
Magma
6,400
..
;
—No par
Copper—
;
—10
Manati Sugar Co—
—1
Mandel Bros
—————No par
600
19
27
35% Jan
23% Jan
1
Apr 27
27% Aug
par
r—No par
Co Inc
12
Jan
3
15% Apr
124
—100
Inc—.-———No
Sq Garden.
Madison
J,
■
L—10
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&
preferred———ATrucks
Macy (R H)
1,100
.
6%
u
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f
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-
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r
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19 ¥4
•
11 '
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ici
"20 Va
'
T 20
r
100.
7'.
20
Feb
4
63
15% Aug
1%
Dec
Feb
46
Dec
4% July
74
July
15%
Nov
61%
Apr
74 %
Sep
20
4
Dec
8%
Jan
7
34
Dec
51%
Jan
1%
Dec
19 Va
Dec
3
Dec
9¥a May
4
69% Jan
6
109% Sep
16
5% Jan
39% Feb
N
*3
6 Va
24
•23%
7
*3
3%
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6%
6%
6
6 Via
6
23%
23%
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16 3A
16Va
16%
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4
7%
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160
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16 Va
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15%
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xl7
>
:
4%!
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7%
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6
6
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24 77
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25
16 ¥4
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16%
77
■
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26
25%
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26
15 % '
15%
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...
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-
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5¥a
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National Can
Nat
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25%
26
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t
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16
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43/a
4%
4%
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69 Va
67%
67%
67 'A
69 Va
13'A
13 Va
13
13
13%
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r
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<
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4%
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4%
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677A
68
13
7
■
16
13
13
13
12%
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I66V2
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136
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172
*165
172
*165
172
*165
172
*135
139
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139
•136
139
136
136
15
15
-
'
: 16'A
4%
12,200
68
1
5Q
13
t
2,300
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166 Ve
136
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-
33%
32%
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48%
49
4%
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48 Va
48
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53
53
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57
14 3A
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15%
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32%
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32
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2
2
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15
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4%
14%
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49
4%
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49
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11
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53
53
53
57
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57
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53
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53
57
15%
•
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53
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32
136 :
15%
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49
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10%
32
15 Va
:
100
1,200
-
32
100
1%
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4%
10%
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57
:
Products COj...
National Steel
800
900
,
.
—^
22
2
"
14%
Jan
23%
Sep
Apr
5% Jan
5
May
May
Corp—^
3-'-
par
Jan-
11
Dec
18%
Jan
14
160% May
175'%
Jan
17%
Jan
9%
Apr
Feb
12%
x
Dec
3%
6
26
Dec
Dec
10
14% July
25
17
7%
Dec
11
Jan
15% Aug 25
V
Sep
16%
Sep
5% Sep
9 % Aug
26
Sep
12%
Jun
15
3%
Dec
21
7%
Feb
10 Va
Apr
25%
Sep
17
28
*2 3A
2Va
2%
2%
*2 3A
2%
*2%
2 Va
6 '/a
6%
6%
6%
6%
6%
6%
6 Va
8%
*7 3A
8%
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8%
7 3A
7%
footnotes
see
27/a
*634
7
*7 ¥4
For
f
•
page
1215.
*7%
8
2 3A
6%
*7 3A
2 3A
6 Vi
8
'.
-
300
3,000
500
Co
Nehi Corp
Sep
Sep
Sep
14 % Mar
17
16% Apr
1
Dec
3% Apr
28
4% Oct
2
3%
Dec
8%
Jan
58%
Dec
93Va
Jan
Jan
25
145
129
May
Mar
5
12
12%
Jan
29
160%
Dec
176
Jan
138
Nov
154
Jan
Ju..
168
6
Jan
146
17
2'
No par
1% Apr
16
43 3A Maj*28
4
Mar
7
•17% Mar 17
35
>
Jan
20
3 Va Jan
10
9% Jun
Dec
24
26
•;
Feb
36
Dec
25
Dec
4
6 % J an
16 ¥b Feb
19%
14 Va
42
53% Feb
May 14
Dec
2%
'
13% July
11.
16% Jan
72
-2
ll7/a Apr
60
;
Dec
8%
Feb
Sep
Dec
7¥a Mar
68 Va
Jan
7"% July
16%
Nov
63
Feb
41
68
Sep
45% May 22
70
Feb
43
Feb
75 Va
Sep
May 19
6
2
Dec
5
51
Feb
Feb
No par
No par
National Tea Co.
Natomas
8
207/a
*
*2S4
Sep
9 Vb Jan
1
28
>-25
Dec
17 %
24
29% Apr
iThe) Pa——10
$2 conv preferred—
—40
5 Va 7c prior preferred—:
100
6% prior preferred
100
Dec
6%
5% Jan
9
8% May
Jan
5 Va
13%
30
17% Apr
11
15
2
4% Jan
Jan
6
16
J.2% Apr
Jan
7%
19
2
Sep
23%
Dec
Jan
23
Jan
6
Dec
2%
166% Jan
1
12 V« Apr
13%
16
5
140
5
9
8 Va Jan
6 Va May 16
13
Jan
7% Jun
24
3
59/a July
4% Jun
18
13% May 26
-—4
National Supply
:
;.
100
.—100
St'l Cast Co_^—No
National Power & Lt-*_'
54%
*54'/a
&
2,800
T
10%
53
57
Mall
National Oil
—
5.000
50%
4
preferred A
% preferred B—
2.200
1%
7/ 49%
6
•Nat
10
—
7%
'
*31
Co_^——J—u.1:
preferred—*
No par
National Gypsum
Co
6 Va Aug
'25% Oct
11
Gas Co
A**—1.'
Products^
'
No par
National Dept Stores——No par
G% preferred
+—-10 Nat Distillers Prod——-J
No par
Nat Ennm & Stamping-?
No par$4.50 conv
2
—No par
Cash Register
National Lead
6
3
Nat Dairy
5,000
■
-
par
x
3 Va July 14
1% Jan
3% Jan
16% May 27
-10
Corp—
National Cylinder
2,600
..
15¥a
5%
Share CorpNo
&
Nat
:
7%
15%
preferred.:—————-.--.100
Bond
400
3,500
Corp
St.
&
'
'
17%
:
Y^
1>600
4,60a
"
4%
17
16%
7%
...
A ,Y.Y"''
160:
158%
14%
300
7VA
.15%
*158
*14%
158 3A
770
■8
Chatt
Nash
2,000
4
•
15'A
15%
15%
25%
7%
•.
Nash-Kelvinator
10,000
24 7a
7%
.7%
•
.
7%
6Va
16%
7
Co„
No par
5
Louisi—100
National Acme Co
——1
Nat Automotive Fibres Inc
—1
6% conv preferred—
—10
National'Aviation Corp
5
National Biscuit Co——:——-—10
Nabco Liquidating
3%
» *3Va
4
*7
4 v'•>
7 7%
*3
6
6%
'
7>.
25 %
*15%
*158
14%
4%
7%
15%
160
Xl4Va
7%
9 ¥4
25
*158
14%
4
*7
77 >
15%
17 VB
>.
7%
15'A
15%
-.
Y'.;;
4
4%
17%
15%
160
*16%
i 7%
7% 7 7%.
:
14 Va
14 V*
4%
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7%
*7
j
14%
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.
*3 ¥4
3Va
3Va
*3%
*7
*158
24
23%
•
16Va
16%
3%
*3
3'A
6
3%'77 >7
—
2% Mar 30
3% Jun
9 Vo Feb
6
8%
Dec
11 Va
Oct
28
6 Va
Dec
No par
25
Apr
7
8 Vo Sep
9%
5% Mar
6 % Sep
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND
Monday
8atnrday
t
t
share
per
*14 Mt
15 Va
14M8
15 Mi
S
*14%
STOCKS
*
15 Vu
t per
$ per
share
14 Mi
15
Sales
the Week
.
Oct. 1
share
per
14 Mi
Friday
Oct. 2
Thursday
Sept. 30
share
per
*
15 Mb
NEW
Neisner Bros Inc
77
*74
76
*74
7G
74
76
*74
76
~10
38
*35
38
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38
34
37
36
36
400
109
109
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109 Va'•••
..
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8M2
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1874
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2574
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119
116 Ms
116 Ma
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46 Ma
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29
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103
101
104
143%
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23
5
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::
49
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150
,
54
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3
35
Sep
323/4
Jan
1
19
m
108
116% Sep
10% Jan
26
Mar 10
6Ma Mar 31
39
Apr
j1
15
1474
15%
580 /
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18%
500
1974
1974
1974
29
29 Ma
'
53
Jan
Jan
96
85 Ma Apr
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8
Apr
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27
1
2
38
Jan 20
20
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Jan
Jan
50 Ma
Dec
57%
Jan
Dec1
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Jan
93
3
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14
29
10M4 Jan
6
8 Ma
Sep
8% Aug
113 Ma
%
21
14/; Oct
40 Va
Nov
Dec
Ty 27V
.
Jan
Dec
27Ma July
7%
v
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13%
Aug 15
6%
Feb
10
Jan
2
2574 July 17
6 Ma Jan 12
133%
Feb
23% July
2
Dec
10
Jan
2
79
54
28
59
_5
42
2
9
29
24 Mi
Mar 28
26
26
116% Sep
--54— Jan
3
ytf% Jan
6 Mb
Sep
Dec
17%
Jan
Jun
16
26
25
104 Ma
140
Aug 28
48
28
Jun
Glass, Cp—
1|1.50
27
2%
10274
No
—
16
150
Jun
45 Ma
No
26%
Dec
Pacific
Mills
No
par
6 %
Packard
23,300
Pan American
Car..
10274
200
Pan-Amer
780
—No
&
Panhandle East'n
y 12 3/4
Sep
'/y/ 77V Nov
May
257V
NoV
15 Mi
Sep
16
47V
Apr
1574
Nov
18
Oct
1
634
Dec
11%
Jan
20
Jan
15
17%
Dec
28%
Jan
31
Jan
17
26 Vb
Dec
40
Jan
1874 Feb
25
74
121
:
101
'
4
Jan
148
Apr 25
Apr
IV4 Mar
2
101
Sep
Aug
126
Jan
163
Aug
8
1%
Dec
4Mb
Jan
-/-/': 4 74
Dec
K--9%
Aug
174
Dec
33/b
2 Ma Jan
6
20 7i Oct
2
10
I 8% Jan 7 9
6% July 16
Pipe Line Co.100
197V
Dec
Apr
95
fjif. Aur 31
7
11% Apr 23
v;
5
Feb
/
14774
2
27V Jan
2
17-8 Jan
11 /
Jan .77
6
57b Jan
-
par
Transp
Apr
10
Dec
5
22% Apr 27
,13% Jan
3
Airways Corp.—.._5
Petrol
Apr
1%
16
52%
Apr 27
100
Motor
7 Mi
<
Sep
Oct
Mar
Jan
100
Teleg
&
,38% May
16
24
28
V
Pacific Tin Consol'd Corp...
1
Pacific Western Oil Corp——ib==10
YOO
7
25
preferred
Apr
Jan
55 Ma
120
Mar
1574 Apr 28
par
Pacific Telep
674 Sep
Apr 27
Jan
9 Mi
-
10
Electric
u
120
Jan
7
y
par
Corp <Cal)
Ltg Corp
11,200
8
102 Mi
par
preferred
'
6% Mar 27
4
Pacific
"
207V
*7%
8
5
Gas
3,000
-
y;
2%
20 Ma
20 3a
6Mj
2 %
£
.10
Co
Pacific
30
43 74 Apr
-
Jan
Dec
Feb
93/4
143 % Sep 30
11674 Sep
July
2 Ma
1574 Sep 24
,,
Mar 20
X1674 Apr
Jan
4Mb Jun
11 Ma Mar 12
132
.100
&
Feb
2 Ma Jan
100
preferred
Coast
Nov
Jun
Jan
34
18"
98
Dec
Dec
7Va
2
33% Sep
/.
July
3%
107
2Mb Sep 14
18
7% Sep
17%
58J/4
'
-
1
Mar
Dec
Apr
10 Ma
9
y
Oct
9 Ma
x
2
110 V2 Sep
14 M4 Oct
■
14
31 Ma Apr
y
par
1st preferred
2d
10
"
*674
2%
102%
2
Apr
119 Ma
Jan
2% ADr
...No
Pacific Finance
1,500
86% "
145
'
2% 7'
2%
102Va
14
100
215
Feb
Oct
50 Ma
Jan- 31
•■//
Dec
109
/
6
•
Aug
'
27
14
Dec
179 Ma
5
4
100
1,000
17%
h
*83
/
6 Ma
19%
14
Apr 29
Dec
19
7,
Jan
«n974 May21
pur \
1,800
:
-29%
17
1674
8474
*7 Mi
25
674 Apr
Owena-Iliinois
l,30fl_.
18
7 Ma
23% Jan
Oct
>23 Ma
;
29
52% Jan
/
50
preferred
T/<>
14 %
19%
i'«
2
192
17
150
2%
30'J/4 Jan
15Ma Apr 29
143 ;... Mar 26
.6
2374
2%
A Sep 25
■
*115l4
23
6 Ma"
60
Jun
/
5
(The)
22%
2%V
Feb
Feb
Equip
Pacific
2%
115
Jan
Pacific Amer Fisheries Inc..
145
Jun
74
2.50
600
8474
110
14
—50
380
*144
18
Mb Jan
—50
6%
167«
:
85
Jan
100
Outboard Marine & Mfg
Outlet Co
.
112
fs
preferred A
6 %
Oct
Dec
1%
No
Otis Elevator.
20
100
Sep
106%
Jan
50
8%
6%
102
1
8
18 •>
Dec
—100
6%
*7M4
102
Oct
Dec
Apr
aa
Ry Co_.
874
287V
/•/ 8
fs Jan
1
674
X197V
'/
8%
4 Mi May
'
/■/ 42 Ma
Oppenheim Collins.
3,900
y,v
49
*45
12
23
Aviation.
8%
19%
'
6
26
Co
Omnibus Corp
500
22 Va
2Mb
,2%
Ohio Oil
Oliver Farm
700
15
14'%
*14274
6%
--6Ma-—":
Xl017i
24 Mi
Jan
15Ma Feb
27
Telegraph
'
*103%
15Ms Jan
Jan
Norwich Pharmaeal Co.
18
18
144
144
•
*6%
*7
2
% Jan
——————
1,200
374 ////
,r
14%
117
*21V4
14
*82 Ma
/•/■
IOM4 Jan
100
574
.
22
xl9%
84
144
Aug
—100
8%
'
%
6
18
1674
1674
*8274
143 74
143 74
8 Mi
28 7i
/
3 74
Preferred
5.400
49%
Ma
14
28%
'
*2274
*45
*1774
•
'
23
»1J fiU;
'
8%
'23% //
•
3;l4
49 74-
/
22 Ma
22%
1974
7 84
■
8 74
18
;
49%
.
*142%
v
800
14374
14%
y
48
*45
/;.
*115 74
*6
i43/i;
17 •:/
17
8%
*17 5/4
"2874
48
>
74'
49
■
•
y.-fi///'
14%
8
v
22
20
*82
4974
22
18
*14274
*115
6
.
23%
*14%
/'
147a
*2274
*45
*8
6Mi
*28 74
3%
*142 74
>
Aug
47 Mi
Norwalk Tire <fe Rubber...—No par
1,400
374 .yyl
6674 .'67 ■//.
6674
3%
1474
49%
.
8 Mi
674
20
6674
374
*374 /
374 ;/ 37i
*11574
•
183/4
Feb
2% Sep
_
Lines...
Northwestern
'274
334
2374
66 Ma
*66
23 Mb
*142
48
11674
*22
66 74
14374
1474
/
25
Dec
25
tNor States Pow $5 pfd-;.'—_No par
3,900
:a
874
tsD CO
374
*45
143 %
*22 74
Jan
10%
6
preferred series.—„—50/39
Northern Central
:;3474
2374
8%
*
/
37B
*22 V4
143/i
1474
'142
*66
'
*31
y
23%
374
3474
874
23%
874
24
15 M»
6
3
Northern Pacific Ry—
38
274
*31
374
8%
2
Feb
2
series—
American
Dec
10M4 Oct
1774 Feb
51
,*a Jan
preferred—
preferred
North
4,300
774
*37
.
274
*274
'
35
8 Mi
Western
&
Jan
2
North American Co—_————10
1077b
1374
14 74
1374
*37
38
*31
Y Ontario
July
45
% Jan
Y
."Adjust 4%
"90%
'
7
107
10874
1077 b
7
Jan
116
Dec
Jun
'
14
113/4
9074
/;/'
7
674
Ma
108
46%
..'1274 if/.
1274
•/ -
26
.—100
•
tNorfolk & Western Ry
14,200
46 MB
46 Mb
8
preferred
273/4
106 Ma Mar
4
May 25
■}; 12% Apr 15
par
Shipbldg Corp part stk
Noblitt-Sparks Indus Inc—
70
8%
*45 Ma
IN
N
970
115 Ma
8
8M4
8Mb
46 Mi
374
*2374
non-cum
Conv
ni
162-%
162
162
8Mb
874
*8
-
5
24
*19 Mb
108
2Mb
Dec
9
32V4 Feb
IN Y N H & Hartford——100
204
*37
35
19 Ma
2
109 Ma Jan
N Y Lack & West Ry Co—100
*19%
116'/a
11 Ma
38
Aug
6% Jun 24
UMa Jun 11
——.No par
RR Co
Jan
11%
1,700
2.800
Ma
20 3/4
:/•/
,
No
313/4
Apr
12 •/•M 25Ma Jan
36
Corp.—No par
Dock
Apr
5%
530
•%
2
200
*90 34
*37 74
8 Mi
Omnibus
preferred—
22 M4
23Ma May 21
par
Jan
16
Feb
24 MB
%
2 Ml
46 Mt
6M2
107'
*1174
*8
—No
17Mi Sep
110
12
98 Mt Sep 22
par
Nov
July
30 M2 Feb
109
3,000
116
%';'■■
*31
J
1
No
;
17
M/11% Jan
May 20
Ma
1174
274
r
80
23%
W
*903/4^ 92
34
*31%
22 Ma Apr 17
7% Apr 28
;;y
1
105
July 27
preferred—&—50
*15
46
38
*274
274
34
10
—100
N Y & Harlem
'
*31
109 Ma
—100
10%
22%
1174
11%
1174
/
38
*37
Mar 10
6
A
'
i
Jan
104
Feb
22 Mb
46
6
Dec
45 Mb
110
»7«
46
X107
79 Ma
Dec
May 22
22%
12
:
;
Ma.
July
31%
61
A
117a
92
■•■P.? 674
*107 74
Dec
69 Ma
9
.50
22 J/4
*45 Ma
12 /"
1174
;
/
'
>
2 Ma
2%
161
45 Ma
*45 Ma
*•
1174
370
if
159
8 Mi
*45
*45 Ma
1D7V
15
Louis Co
York
5%
90
24
%
,
2 Ma
r.
I
161%
New
100
69%
*84
24M4
■
*19 Mi
161
if
100
22 Mt
21
162 7
8MB
27..
preferred series A
NYC
1,100
•V';
'
14
68
68'/a
90
if
2Mb
llr
22%
*19%
14 Ma Feb
(
u
1
2%
67;;;
yyy
/••
15
:
7 5y
7*4%
14 ■
5
*14
t per share
75Ma Sep
70MaMay 26
——No par
Central—,
York
6 Mo
5
'Highest
$ per share
—100
Brake
N Y Chic"& St.
8,400
333/4
13%
13 Mb
*84
22 Ma
*116 Ma
:y *4 74
65
vs.
8
*1378
474
*84
22%
*45
r:5" 1,800
9
Air
New
55.300
1.3%
43 74:
;'■>?
°i7if
*116
10 MV
42%
15
22 Ma
19%
9%
13MB
13 74
'"y 474
.
*
Mb
13'/a
preferred.
Jan
t per share
v'35M2Sep
N'port News Ship & Dr Dock
conv
Year 1941
Lowest
Apr 27
—.
New York
Range for Previous
Lots
Highest
28
Corp.—
Newport Industries
400
100-Share
par
—No
preferred series A
$5
28%:
11
preferred.—100
J)
Newmont Mining
98%
28%
(J
of
$ per share
1
serial
conv
Basis
Lowest
-
;
'i <i
160 Ma
2,800
5%
1,700
42 Ma
/•y *14
2%
161
19%
*98
v
20
13
v
"/"/
66
28 74
2%
18 Ma
43/4%
Newberry Co
1,200
29
9%
41
13 74
47b,
,*84
8Ma
.
4074
974
12%
41
15
-
25%
8"a
98 Ma
29
'
"
4 7'b
65
;
.24%
.1.8 Ma
*98
'
1274
V':
13 Ma
13 Ma
*
/
90
4174
*14
65
*84
28
.27 Ma
'
y
1474
63 V4
/
29 74
13
41
109 Ma
257V
18 74
98 74
*29
9%
///
*1274
474
*4 74
■/
15
1874
*98
29 %
9 Mb
13
13
1874
/:
'-7 '
*108 Ma
.
9874
29 74
4174/ /
r
25 Ms
1874
*98
2974
109 Ma
8 MI
18%
98 Ma'
Mi
109
25
8MU
9 Mb
97b
934
13
41
25%
109 Ma
On
''
Par
15
*35 Mi
109'/2
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
share
14 Va
for
*74
►108
RECORD
PRICES
Wednesday
Sept. 29
share
per
SALE
Tuesday
Sept. 28
Sept. 26
HIGH
Monday,' October 5, 1942
4
1047% Sep
28
Jan
Apr
19%
Dec
Jan
7V4
10
Jan
JrvVA./'vJ;
"
2%
7274
274
2 Mi
*29%
30%
*2934
30
*29%
*94
96%
*94
*94
16%
96Va
16%
117%
117%
116
/
7
1674
16%
:
1177a
*116
>2
*
.
*2
r-
2Mb
2MB
*29%
30
96 Ma
x96Ma
96 Ma
16 Ma
16%
16%
117
116%
117Va
15
*1474
1674
15
*14%
2%
.
30
147!,
1%
1%
1%
1 Mb
23%
2314
2374
23 Ma
*13%
14 Va
*1374
2074
2074
2074
2074
Ma
53 Va
527 B
527 b
74 Va
74 Va
73 MB
73 74
73 Mi
3 Ma
3%
374
3%
3%
1 %
l.Mi
*1%
174
174
174
h
*
52
14
*137B
1
/;!/:;
•
1%
7
Park
1st
14
Park Utah Consol Mines.—
100
1%
Parmelee
4,200
Patino Mines &
20
53
53
53
73 %
7374
73%
1.000
Penney
3%
37b
374
4,600
Penn
*52%
.
No
Parker Rust Proof Co
2,400
197V
374
53
Co.—,
500
Penick
(J C)
&
1
-
.
234 Oct 7/2
24
7
17
1 Mb Jan
120
17
Jan
2
% Jan
14
29% Jan
13 M4 Aug
17 Ma Mar
Feb
115%
Dec
Apr
1
20%
1474
Dec
2
y/'y/Z'-VV
Dec
674
Apr
15
55 V2 Jan
1
1% Apr 14
80 Ma Jan
44
par
56 Ma May
Apr
4
Sep
'38
38
*38
40
*13
14
*13
14
22 Ma
227V
*18y:
197 V
*18
197V
41 Ma
*40%
41 Ma
*40%
*1%
IMa
1 Ma
40
*37
40
*37
40
*37
*13
14
7 *13
14
*13%
*105 Ma
//
227V
*105 Ma
2274
*18
2274
2274
19 74
*40%
4074
*18
23Ma
19 Va
*18 Ma
*40 Ma
5%
25,600.
42 Ma
300
*17i
2%
*1%
227-i
7/7
2%
*la,V
2V4
*17 4
2Mb
2274
■
22%
22 %
2274
227V
23%
5 Mb
*17V
2Mb
2%
2 74
1
100
■/. 5
5%
5 Mi
5
23
23 Mb
22 7«
23 Ma
5 Ma
5V4
43
43
43
43
43
43%
43
4374
44%
47
47
48
22 Ma
227V
22
2274
2274
23
2274
23%
23%
24%
2474
26
5
*47b
.
y iy
:
5 Ma
574
18,100
'
53/4
Pepsi-Cola
11,900
:
100
■
—50
5
9
43% Mar
54 Mi
5
73
Dec
89%
Dec
3:,/4
15
.
174
24,/2
24
*23%
7
5
'/
5
5
/
5'
•
37 Mi
64 Ma
y75-y
2474
2474
24%
36 Ma
X33',2
33 Va
33%
63
61 Ma
61 Ma
61
61
974
974
974
69
68
*102%
*10874
109
*
9%
102 %
*108 Ma
;
9
Vis
68
68
*
106
109
109
M;
68 Mi
10474
2474
■
687V
*104 Mb
/
106
5 Ma
24 Ma
60 Ma
9 Ma
9 Ma
68
106
110
V/K
200
4M2M#
Apr
52% July
Dec
17 Mi
Aug
Mar
Dec
3Ma
Jan
108 Ma Feb
27
Dec
112 Ma
2474 Jan
30
1774
Dec
25%
Apr
23 Mb Jan
6
20
Dec
25
Aug
46% Jan
5
36%
Jan
54
2 Mb
108 TV
Sep
Ma
Dec
Dec
Jun 26
Apr 28
May 26
7Ma Jan
24
47V
Dec
51% Feb
7
41
Dec
29% Jan
24
17
Dec
38
27 Mi Jan
7
21
Jan
27%
Oct
19Jun
.100
series
5
103
Apr
Mar
May
Apr
Apr
Jun
Apr
May
28
9
21
.1
27
3
24
20
Jun
Brewing
„
68 Ma
*104%
34 M2
y/TlMi
1874
—.5 /
4
Co.^..;
—No par
5
12,200 /*: Phelphs-Dodge Corp..^——25
x 22%
930 // tPhiladelphia Co 6% preferred...50
28Ma
160
*
$6 preferred
No par
49
1,800
Philco
Corp..:
—
—3
7%
500
Philip Morris & Co Ltd
10
55 Ma
300
I
Preferred 4M» % series.
100
°8
Pfeiffer
21
2
Petroleum Corp of America
100 0
25 M*
60
*1087'b
-v-
7,000
34 Ma ' 35
.
974
9%
*68
104 Ma
109
2474
24%
5Ma
21
Aug 12
2%
/ 30
Aug
Mi July
11 Ma May
60% July
•
May
i
/"'/'..v^3
No par
;
Jan
Jan
15
23
18
Pet Milk Co
...
5
33 Ma
63
5
24
*5
5%
3434
974
10974
*109
5
*5
25
v104
105
5'/«
5%
63
*68 »/4
69%
y
■
37
'y::, 63
9%
9%
105
'
*23Mi
2474
'
'
*68
5
7,:*5-Z;
24
*23Mi
*36%
:
2474
247V
*36%
*62
5%
*5
5%
23%
*23 Mi
5
y:/;/'-5.7/ yr !5-. 7
5
y
;'•' *5
24
*23%
■
2
44
Sep
:,•••'/ FrC'/,' ■•'/
*23%
Sep
7 /1
23 % Oct
4
36
100
—
1
Sep
Aug
./:■
3
Marquette Ry Co——.—100
5% prior preferred
———.100
preferred.
Dec
6
5%
'
Jan
% Jan
-
1
Pere
1.40Q
2,120
7
Jan
1
15% Mar
—100
Co
2
Jun 30
May 15
May 4
18% Jan 2
16% July 2
36
Apr 20
32
11
104
100
fPeoria is Eastern Ry Co..^
'
'
preferred..
IV* Jan
par
No par
.No par
:
Peoples G L & C C (Chic)
'
2274
No
...
Pennsylvania RR..:—......
Peoples Drug Stores Inc.—
19 Ma
40%
40%
$7 conv pref ser A
Penn G1 Sand Corp
—-
—
23
23 Mo
227V
19 Mi
40 Ma
40 Ma
*18
Penn-Dlxle Cement.
100
14
*105 Ma •"•''•'iLw
600
40
14
*105%
22 Va
2274
*1%
*37
*13
&
*105 Ma
*105%
.
■
Jan
14 Ma
V.:
IMi
1M4
Jan
30%
2
//'
Oct
2
Dec
25
par
10
18
Dec
24%
17V Oct
.No
Corp
';'77;
Dec
147V
2
16Mb
20% Sep
3
Mar 20
Jan
Feo
2
,«
.13% Jan
.10
Jan
106
95 Ma
7
2
■V 37%
May
10 '7-
July 22
'•
"l% July
Feb
Dec
19%
99
2
8
19% Apr 29
par
Oct
23
May
/!r//'.•%
Oct :>727
31
100Jan 27
6
Apr
...No
—
Co.—
Coke
15
-No par
Enterprises
Ford
&
Coal
100 Ma
—2.50
Transportation
Mar
11% Apr
1
—
Parke Davis
1974
lSs/a
1
.100
Inc
2,900
&
28
90
1
preferred
Tilford
&
Inc—
5,700
23 7i
1%
6%
100
2
20% Apr
.1
—No
preferred—..Pictures
Jan
par
100
Inc
Cos
conv
Paramount
2,400
15
14
4%
22,100
11974
1% 7
1
"
Paraffine
73%
20
*52 Ma
17
23%
14%
'
200
*1474
23 %
Panhandle Prod & Ref
38,900
300
118%
y
174
23 Ma
14
1
X1974
.
Ma
23 Ma
*1374
1
*!i!
1
1
15
VI'/:
73 Mi
3 Ma
1Mb
23 5
118
15
27V1
31
100
1674
;
16%
118
; "
2%
3074
*S6 7
30
100
16 Va
15
:'v
2 Mi
30
*96 /.
16
6
Jan
13
574
Dec
7%
Apr
6
Jan
5
47V
Dec
7%
Jan
32 3/4 Jan
14
2374
Dec
35%
40 Ma Jan
14
35%
Dec
47% July
767V Jan
30
69
Dec
91
107V Jan
7
*75.y Jan
6
72
Dec
89Mg
Sep
107 Ma Mar 23
,105
Mar
110%
Dec
8 Ma
'
109
Sep
18
9
Jan
27
78
May
Jan
July
12M2
Jan
—„•
'
*7%
8%
*71.
*1%
2
2 Ma
*1%
59 Ma
*57 Ma
8
Mi
*7 Ma
*73
40 Ma
/■./ 40
19
*18 %
*
80
59 Ma
19 Ma
*18 %
*7 Ma
*73
40 %
*1%
Ma
59 Va;
*57
>/•
80
40%
40 Va
40%
8%
*7Ma
*73
80
*18 Mt
2%
*1%
60
*58
19
*18
8M4
2 Ma
*7 Ma
8
*75 Ma
40%
.*1%
2 Ma
*>
4
4MV
4 Mi
36 V«
5%
5%
19
*4 Mi
474
37 Mt
*36%
57B
*5 Ma
57 a
*5 Ma
*58
61
*57 Ma
61
*8 Mi
8
65
May
30
Apr
27
l3/4 Feb
25
*18 Mi
4MB
37
19 Mi
I': 2,100
37
Hosiery
574
6
500
61
..
43
Preferred
Flour
Mills
6%
3
preferred..;
Pitts Coke & Iron
40
$5 conv
May
15 Ma Jan
—.
Pittsburgh Coal of Pa
3,300
*57 Ma
61
•
PillsbUry
4 Ma
4 Ma
37
574
*57 Va
30
...
preferred
Phcenix
60 .(•
*58
19
43/b
36%
*5%'
60
60
4%
37 Ma
4
2 Ma
*17 8
60
*18 Mi
Ma
3674
53/4
53%
60
60
'•
4%
35%
36
100
7 %
4,900
May 12
par
par
Phillips Jones Corp
41
6 Ms
No
Phillips Petroleum.—..— —No
80
40%
'
36
8/
79 Ma
40%
*58
60
M»
*7 Ma
*75 Ma
80
40%
40
preferred
No
Apr 24
43% July
par
.No
Corp—_
par
2
3
47V May
9
Aug
Jan
17
51 M*
May
77
•
41% Jan
2
35%
Feb
46
Mi
2 Mi Feb
13
V/i
Dec
38 74
Feb
60
July 10
19
Sep 24
4% Sep 29
May 25
26 Ma
....
6
37 Ma
i
13
18
27
6 Mi Jan
15
4
Jan
21
64
9% Jan
2
>
274
Sep
14
68
Dec
July
23 Ma
Dec
.
Dec
8%
Jun
27
29
Feb
19
165
Feb
19
163
Aug
166
May 23
374 Aug 10
175
Feb
25
174
Mar
181
5
Mi Jan
14
Dec
Jan
7%
46 V2
7% Apr
58
Dec
3 Mi July
52
Dec
Mi
July
Jan
*
Jan
Jan
84
Jan
15
Jan
'
*7 7
87a
8
*8
874
*774
8 3/4
*
*140
474
*
*140
'w.
170
*165
4%
4
■
.
4 74
/
*
474
4 VA
474
47/4
*54%
56
54
2574
25
25%
*64 %
67
47a
54%
*247'8
'8
8
8
170
4%
547 a
54%
25
*6474
Ma
'
6574
874
874
*434
*52
*140
170
*166
4 Mi
43/4
.56 Ma
2434
874
874
*64 74
*140
169
*166
474
*4
*4%
4%
4Mb
500
4%
'•
«
„
Pittsburgh Forgings Co
66
y
4Mi
56%
57
25%
2874
65
66
65
•
9%
8%
9%
Way & Chic Ry Co
preferred
Pitts Screw & Bolt
2,300
57
25 Mi
7%
1.800
574
*52
*64
8 Ma
Pitts Ft
••
169
25
25
Pittsburgh Steel Co—
170
y
7%
1,180
5%
200
9 Ma
1,600
preferred
preferred
5Ma% 1st ser
class
class
conv
1
—100
100
165
165
No par
No par
.
4
Mav
2
63/a Jan
5
6%
374
4
Dec
Dec
Dec
i
774
9 Mb
2%
*23/8
2%
2 74
2 Mi
12 Ma
12%
*12 M4
1274
page
*
2 74
12 74
*15174
*151%
Ma
*2-%
2 Mi
2 Ma
2%
1,000
.,12 Mi
*1274
12%
1274
12%
600
2
28
61
Jan
6
45%
Feb
65
Jan
A
100
20
Jun
27
33 74 Jan
3
2474
Dec
43%
Jan
pr
pfd—.,100
Young & Ash Ry 7%
Pittston
Co
(The)
Plymouth Oil Co
Jan
47 Ma Apr
Pittsburgh & West Va._Pitts
•
Oct
Feb
Jan
100
B
58
Jun
26
—100
6
Mb Jun
25
pfd—100
153
Feb
14
1074 Jan
26
fi
Dec
15
July
July 22
164
Mar
164
Mar
70
51
Oct
75%
''
*15174
127b
see
4 Mi
8 Mi
*15174
2%
footnotes
*165 Ma
•
*151 Mi
*12%
For
/•
4 Mi
25
-
65
65
Ma
*151%
*140
—
*1G5%
4%
8%
'
*140
170
*165
V4
'
Ma
No
par
5
1
July 22
153
Jan
24
274 Sep
21
i«
May
1174 Jun
24
1474 Jan
28
137',
Dec
1215.
I
y
Jan
174 July
17
July
"
j
RECORD
NEW YORK STOCK
LOW AND
Monday
Saturday
Sept. 2(5
.»
4%
4%
'
17 Va
*4
t
share
per
per
18
Pond
x6%
6 %.
7
*63,,
7
434
18 y2
18%
.18%
1,800
Postal Teleg Inc
6'/a
6-%
6'%
6%
6%
3.400
Pressed Steel Car
*6%
*4
5%
7
*63A
7
*6%
7
$
;
y
119
119
49
;
*23%
'
*118 Va
119
*23 Va
25
49
118%
10%
io3a
10 %
72
71 VA
72%
72
72%
847B
84-'%
84%
83%
84%
>10*8
10'«
*71'a
84 'a
91
92 va'
105 "a
may*
92%
105%
105
25%
9811\
84
91%
91%
92%
-
923j,
105'/*
)'
105'/*
*H5 v*
118
25%
25%
8%
8 :»4
8%-
.
.25%
•
-
>98
99
v
9
-
99%
98%
*98
:
99
A/ 98
*85
%
87
./ *85%
V*
86%
12'/a
*12%
12%
12 V*
12%
12'/*
12 '%
9%
'9%
9%
9%
*9%
9%
'9 %
9%
*9%
400
12'%
*9%
12 V'a
'85
86%
Pure
,
87
•-
86
.
:
r
■
:y
800
Jan
17
Feb
16
9% Jun
3
52
21%
40%
Dec
50
Dec
115
Jun
Jan
121% July 23
Oct
Jan
61%
Sep
120
July
8
11%
par
62
14
75%
Dec
110
Jnn
73 % Mar 31
199
% Jan
14
92
Dec
123 %
Jan
79% Mar 30
111
Jan
9
106%
Deo
137
Jan
99
Mar 30
123
Jan
6
117
Dec
158'/*
111% Mar 19
115
Feb
2
114
Dec
117%
Oct
26% Feb
4
Dec
29 %
July
Apr 28
10
Jan
2
Feb
12
'90% May 13
101
No par
14% Jan
86% Jan
Mar 30
20% July
•7
-—No par
-
2
Dec
19%
7
2
94
29%
Mart
Jan
Feb
Dec
107 '/a
17
% Jan
9IV* Jan
20
No por
9% Mar 11
12% Sep
25
8%
Dec
12%
_10
8% Mar 11
10'/* Aug 18
8'/*
Apr
12% July
100
preferred
;6%
,
400
A
;
Feb
No par
(The)
Oil
13%
100
Ser El & Gas pfd $5
6,100
Dec
Jan
13%
100
Pullman Inc
f
6"%
29 % Jan
10
42
No par
No
———:
preferred
8.600
Jan
8% Jnn
8%
•
100
8%
Pub
22% Jun
115
50
100
,t$5
16%
-
26'/*
8%
8%'..;
..
.
118
*115'/*
,
•V
13%
7
130
,
Dec
6% July
200
„•
450
5%
5
preferred
preferred
t7% preferred-
650
-
■
104%, 104%
••
26
118
,•
■ i
% Jan
8
par
Jan
Feb
2
No
21
Dec
5% Jun
Gamble.—.,
Jun
3%
4%
1
pfd (ser of Feb 1 '29)
16
1
Ilighes,
S per share
share
per
Sep
21
Pub Serv Corp ef N J___
3,800
70
83%
12%
85%
12
10'/*
67%
84'%/
105%
25%
8%
10%
10'A
70%
5%
40
$
5% Jan
7
2d preferred
conv
Procter &
2,100
•
87
98%
98%
\'96
■
'86%
12%
'85%
49'/*
119
83 3%
; 10 Vo
.
91%
104%
•
5%
25
49
•;
*118%
70
10%
*115'/*
25%
8%
8%
8%
87« ;
8%
*96
118
'115'/*
26
25%
25%
*23 Va
'
-
119
119
72
91
*
*
49
49..-.-
].
84
V
84.
v..
25
*23%
49
118%
10%
71
•
92%
105
'115%: 118
no
25 lis
10%
92
104%
'v
91
v
104%
25
48%
119
49
49
•»
*118'%
■
"
26
*24
26
49
17% Oct
8
3'/a May 21
9'% Jan
Co Inc
Year 1941
Lowest
t per share
share
preferred—No par
1st preferred
conv
per
Range for Previous
1
Lots
Highest
15% Jun
par
*.—No par.
B_:
*4%
18 %
4%
\No
Pocahontas
Creek
& Co class
Poor
300
i;
,4'/*
18%
6'/a
,
J00>Share
Basis of
Lowest
Par
300
>
18%
4;
18%
Range Since January
On
STOCK
YORK
EXCHANGE
Shares
share
*17
17%
17%
the Week
'
"49
•
I
share
*17
17
4
*18%
-.
■
6%
*6%
*24
1
19
6%
6%
7
*6%
17
43/8
4
18%
19
*18%
t per
I per share
17%
*16%
17%
*15%
STOCKS
Sales
Oct. 2
Oct. 1
NEW
tor
Friday
'"/
Thursday
I
*
Sept. 80
Sept. 29
S per share
S per share
Wednesday
Tuesday
-
Sept. 28
PRICES
SALE
HIGH
1213
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4113
156
Volume
80% Jun
100
5% conv preferred
Purity Bakeries
x
83% Feb
De»
95'/* Aug
Oct
V'. .-•o'•>.. ■
*9'%
Quaker State Oil Ref Corp
9%
R
*83
*39'%
3
19%
19 V*
8%
*8 3 a /
8%
*25%
26'a
*13 7
*27%
28
*23%
23%
*39'%
42'%
*40
19%
*193%
193%
8%
*8 va
*2534
26
13%
14
14
8%
14
A
8%
8'%
-
;>
14%
■
*27%
28
*22'%
23%
23%
23%
*23%
23%
2 '/a
*1%
2 Va
*65
*65'%
9'/«
9'/*
65%
*65%
68
*45%
47
45%
3%
*3%
4
14'%
14'/*
14%
98'%
98%
98%
45%
-77 Va
.*73
?
'/a
-....*75%- -77%--_.^._76— --76l„
5
84 %
*58
—
-*98i/2 -99%
5>*
*83%
60
3
81
;
7»a
4%.
*30
7v*
;77%.t
7'a
!%/•( *58
*678
7
7
5%
7v«
80'a
4%
4Ta
22
22'A
22
32'%
«30
32'%
32
■:
*7Va
7 'a
1,200
10.000
22'%
21%
A
/
32'%
*30
32%
800
4%
47i
*6%
7'%
*6%
7%
*7
8
43a
*4Va
4%
*4 Va
45o
*4'%
4% A
A
7»%
7%
*7'A
"
*18
9%
9%
*9'%
9%
36%
36%
*36%
39'%
*36%
29
29
9Va
93*
38
97 8
9%
•
V
*18
18%
*18
18
18
18V*
A
9%
5'%
18'%
18%
9'%
^
*4 V4
4%
-
100
18%
400
9%
9'%
Reynolds (R J)
2.600
';:/:
.Roan
2914
*28%
Va
%
'A
%
7
%
Va
/
*
32
..
2,000
tSt
Ta
%
A
St
"
!t
•
!»J
%
%
%
•
if*
3,800
'
*4
734
•9
10%
*8%
37
37
38
108
108
108
1073„
11'%
19% /A
*94
113%
*110
v.; * 112 V
113%-
13'%
13%
*2'-a
/ 20
113
.
1,600
U'%
20
94'A
*34 Va
/ •"/.<?•
115
*110
113
.:
■T\
13%
2'A
*2%
2%
54'%
54%
54%:
7%
7'%
7%
6V»
-73%-
73.t
.
:/
1
3,700
8%
9
*8(4
*55'%
56
*55%
:
*8%
*8'A
: 8%
5
56
56
53
56
*8 VA
9
55'%
27% Aug
23% Sep
19
19%
Dec
24
May 28
15
65
24
7'% Feb
2
6%
Dec
1214 Feb
2
9'%
Apr
12'%
Jan
7'% May 18
9% Jan
6
7%
Apr
10%
Nov
9
653% Sep
29
53%
Dec
67'A
Jan
48
34
Dec
61
Apr
Mar
22
133% Sep
.
x94% Jun
4'a Jun
6%
3.000
2y4
Dec
33A
Jan
2
14'A
Dec
223%
96
Aug
101'%
77
Dec
97
Jan
Dec /
11
-Jan
129
Sep
1.00'% Mar
8
3—
22
5
86% Jan .23
6% Jan
3
—
V
~
4 '%
3
97
Jan
20
60
8% Jan
5
29
85'a Jan
19
9
4% Jan
5
Apr 23
27'% Jan
27
22'%
1293% Mar
78% July 30
54
74
May 22
6 Va
May 20
75 Va Apr
3% Mar
x
2
14
19
11 '
;_70'AJuly
Feb
4'a Jan
6
2s,s Jun
20
*6
63,a
33
14'%
14%
//'; 2% / 23
i
2%
/;
6
6
*32%
33
1434
14'%
•:/%/; 2'%
2%
6%
63%
6'A
33
33
*14V4
*6 Va
63
63
6'.4
*6
-
«
62 7
62%
*62'%
6 3II
6'A
33
;
*62'%
*6
:■/:
1334
'
137u
/A
*20 Va
21
*20'%
14%
2»%
2'%
*29'%
21
".
14
*1
20'%
27
*641%.
21
69
<
33
1 Vu
*1
1 Va
*1
1' a.;;'
*1
G
..."
Dec
100
V'a
,
Dec
53'%
Jan
Feb
12 Va
Aug
Apr
97%
Jan
5'A Jan
20
2%
Dec
32
;
3% Jan
Mines
Antelope Copper
Co (The)
6
Feb
19
No par
16
_1
7
'1
May
A Jan
% Jan
2
Jan
5
Jan
29% Apr
,104
Jun
' °'''9% May
■
12% Apr
78
May
23
10
100
100
100
100
Joseph Lead
Francisco
6% preferred—
tSt Louis Southwestern
5 '.'o
preferred
Louis-San
j
No par
.100
Safeway Stores
5%
Co
25 %
109 %
106%
%
^
No par
1;No .par
;
preferred
$4.50
preferred
No par
tSeaboard Air Line———No par
$4
4-2%
.——100
.i
preferred
Servel
Inc
par
52% July
Sep
*
69
108 %
112 VA
*16%
13
*64'%
*108'%
17'A
*12
27
27
27
27
*64'%
69
*27
•
*108'%
&
69
3,500
11%
/. 100
21
A
400
.A'
21
27'%
28
69
108'%
16'%
12%
*108'%.
108'%
12%
16'%
27%
:
V
69
69
*108'%
112'%
'
16%
*12'%
16%
*12%
-13
13
;
•
:
-
,
10
10
1121%
17
600
17%
13 VA
13
13
1,209
'
"
'
*16 'A :,T7
/
14 Va
1,200
•A.
•
*13%
■V
14
*13%
14
8
/
-
•A.
-
71%
8 '/a
77%
2'A
2 Va
2'A
14%
14%
14%
19'%
19'%
19%
r *126
130
*126'A
130
10'%
14*3 a
14'%
.
2
23
20,200
10,200
131
—
So
>8%
preferred
Southern California
Southern Natural
177 a
18
17 7a
18
10%
10%
10%
10'%
10'%
1,300
15
14%
14%
14%
15%
15%
16VA
79,000
Southern
15%
2%
2»%
2%
.
15'A
42'%
2'%
.A
15'%
15J%
36'A
36'%
38 Va
41'%
41%
42
2>%
2%
*40
*
*2%
*2VA
*2'A
2'%
65
*53%
65
*53%
*21%
22'%
21%
21
26 VA
26'A
25%
26'A
25%
•>26
30
31
31%
32
54
54
54'%
54'%
*53%
65
22 VA
31
*52
17'A
21,300
38%
21,500
5%
43
A. 400
Mobile & Ohio stk tr ctfs
2'%
2
2%
22'%
27
./
54'%
31 VA
Spencer Kellogg & Sons—_No par
3.400
31'%
54'%
100
300
A
27%
54'%
31 Va
———„—-100
200
,'
65
*21%
preferred-
Sparks Withington—™No par
Spear & Co—
—1
$5.50 preferred
No par
2.600
V%
*533a
'.
26%
*52
54 V%
2 •'a
2'%
22 Va
31'%
31
No par
Ry_
16%
42'%
65
26
—No par
37%
■
25
Gas Co—_—7.50
;
2%
22 Va
Va
;
A
16%
35%
15%
36'%
2'%
Edison.
Southern Pacific Co
36
2%
100
-
177/a
"
*
Greyhound Lines
5
Porto Rico Sugar——No par
60
3,200
;
_1
South Am Gold & Platinum
S'eastern
1,600
19%
*126'A
preferred
1,100
15
19%
130
,
No par
Smith (A O) Corp——;
—10
Smith & Cor Type v t c
No par
Snider Packing Corp—_.——No par
Socony Vacuum Oil Co Inc
15
$6
2,500
/
160
(The)
Spicer Mfg Co
$3 conv preferred A
Sperry Corp
1
—No par
No par
1%
14
17'/*
126
14%
9'/*
3
3
3
2%
2%
34'A
32'%
32'%
*111'%
115
*45
*2 ■'4
34
*31'A
*110%
47
*45
*110
2%
2%
23/4
V 2%
34'A
34%
34%
34%
*31'A
32'A
31%
32'A
32
*45
47
3'A
3 Va
3
*95 Va
97
page
1215.
115
47
'/a
3
97
,
*1103/4
*46
115
47
3 Va
97
3
97
•
■-/
*34
32'%
*1103.!
.*46
*110
*110
*110
95'A
see
*110%
115
3'%
footnotes
VA
*110
95 VA
For
2%
2%
34%
3 Va
97
3
*95
2%
':
9oo
570
35
preferred
400
—
a
11,800
97'%
300
Sep
113
Jun
Jun
23
8
Apr
Sep
Apr
.17%
Sep
Jun
94%
Sep
31
25
Dec
39%
36% Jan
9
116
Jan
10
109%
Jun
115'/* Mar
110
Sep
23
107
Dec
112
'/a
Sep
July
'/*
Jan
Yk Feb
10
1 Va Sep
26
V*
Dec
29
3% Mar 24
11%
Dec
1%
Apr
Jan
5
49%
Dec
1
4%
Dec
Jan
783/*
8 V* Aug
10%
57
% July
17
July
3% July
Jan
Jan
10
Jan
3
7%
Dec
14% July
60
Jan
6
48%
Dec
713/*
Jan
7
Jan
15
3'/*
Apr
5%
Nov
63
Sep
28
51%
Feb
4
Dec
40
Jan
10'/a
Jail
16%
Dec
Sep
23
2
14
II %
5
Jan
9
Dec
21%
1 % Mar
24
1
Nov
2 %
Jan
Jan
9
22
Oct
30%
Nov
18%
Feb
26
28% Jan
3
95
35'/*
Jan
Oct
Feb
.112
Jan
Dec
114
Jan
Jan
2
112 /; Jan
28
111%
20% Jan
6
14'/3
Feb
25% July
14 % Oct
2
Jan
15
Feb
4
13%
Feb
18 "a
83% Aug
17
7%
Dec
10% July
l'/a
Dec
100
17
9
2% Jun
3
15% Jan
Mar 6
Apr 17
Jun 27
16
26% Jan
Apr 29
Apr 20
Jun
2
20% Jan
10
12% Jan
5
16'/* Oct
2
12% May 20
23% Jun, 2
18% Feb
5
38% Oct
2
34% Jan
50% Mar 24
5
3
19%
Jun
23%
Aug
x
150
Aug
Dec
Mar
Dec
27%
Jan
10
Dec
13%
Sep
8
Jan
14%
16%
.
Nov
2% July
Feb
13
120
26
2
Sep
13
x
27
2% Sep 17
Dec
Sep
15 % Jun
11
29% Sep .16
Dec
6%
32%
Z 4% Jan
6
14
26
23
29.
10
28
15
18
—No par
59
15
Jun 30
1% Apr 24
2% May 4
59
July 30
17 % Apr 28
21% Apr-^28
30
Sep 28
49
Mar 16
Dec
6'% Sep 25
35 A Aug 27
11'/*
19%
Feb
Feb
23% Mar
Aug
19'/a Jul,
36 Va
37%
No^
OU
Aug 24
6
1
May
2
Jan
2
Dec
6
V'a July
July 30
60
3% Feb
Mar
69
July
22'/* Aug 25
17%
Dec
22
July
Dec
39% July
59
6
27%
37
Mar 24
27%
Apr
38'/a July
60
54%
Aug
60
31% Jan
'
Jan
3
4 % Jan
6
3
6%
Jan
57%
Jan
45 Va Jan
14
34%
Dec
6
3iy*
Feb
Feb
11
27% Jun 24
108'/* Jun 1
40% Apr 9
109% Aug 10
114
49% Jan
6
113
Jan
2% Apr 29
Jan
6
2
110
Jan
8
40'/* Aug
1173/* Aug
8
5
Dec
Dec
38% Jan
1
Square D Co
5%
47
47
Dec
79
30
Sep
:—100
Squibb (E R) & Sons——,——No par
$5 pref series A
———No par
32'%
115
3 V
Conv $4.50
Apr
8%
Sep
13 3* Sep
—2
Spiegel Inc
Apr
May
July
106%
12%
x
95
'
34 VA
Feb
Va
6
4
22
Jan
144% Jan
10
'/*
Dec
35
Sep
Jan
20
8
Apr
393/* July
Dec
1% July
19% Jan
Apr 29
Mar 6
May 21
Apr 24
May
Apr
20% Aug
19% Apr
65
Apr
108
July
15% July
9
Apr
13% May
6 Va Mar
Petroleum
103/g
%40
*23a
2'A
14%
,
400
;
VA
Silver King
Simms
17%
c
—No par
No par
15
Simmons Co—
17%
22'A
*53%
a
8
2»A
19%
129'%
130
14
-
10'%
36%
15%
Va
14%
•a:/
2'A
14%
•>.
Oil
143%
•••'.
42'%
'
8'%
19'%
/
Pen Co
10%
'
36
14
14
2'A
'
18
10'%
'15'%
...
(W A)
17%
17%
*40
131%
•;
A; /• .1, 8
8
14%
20
*126
14
19'%
14'%
19%
14
14
2'%
2%
14 Va
8
8 Va
2 "A
8
*1334
i
Sheaffer
Coalition Mines
5
———No par
10
Simonds Saw & Steel———No par
Skellv Oil Co
i
15
Sloss Sheffield Steel & Iron——100
:;V
20%
*27'%
„
*641%
16'%
112'%
16 %
112'%
27'%
*64'%
/.
(Frank G)
Shattuck
54%
4%
30%
MO'/e
2%
11%
%
Jan
A
22
7% Sep
10
4% Apr 29
—No par
No par
1,700
2'%
14%
"
27
•
Sharpe & Dohme
$3.50 conv pref ser A
48 3/4
»»
44
1% Sep 16
-1
Aug
Dec
27
5
110
43% May 6
4% Jan
2
8
Apr 14
—No par
$5 conv preferred
.
16
17
9
11
21
5
—————
27
3/« Feb
1 '/a
14%
Nov
42
34% Jan
10'/a Apr 23
No par
Steel Corp„——No
Sharon
Apr
Aug
Jan
Jun
Mar
2
Jan
Nov
Dec
8 VA
27
Jan
47
-
26
2
3
7
2
30
23
19
28
15
•_No par
—
Roebuck & Co—
Sears
10 Va Jan
5%
21
143/4 May
19'% Mar 20
May 20
34'% May 13
preit-i'red——No par
Shell Union
2'%
Jan
34VA Jan
6
1.500
13%
-
7'A
15
*1
Dec
493/4
33
•
July
10%
16
V 14%
1
20 Va
6
95
,
15
*32'A
2.1%
1
500
63
Feb
Sep
15% July
Dec
4
Jan
80%
Apr
Dec
75'%
>
v.-
Dec
27
30
13%
13'%
A.
*6
:
14'%
21%,. .A/ *2%
l'/a
*62'%
33
14'%
14
Va
6 '%
6
*32 Va
21
6 Va
63
6
6'/a
*32%
14
14
/.
14
VA
*62'%
*14'/4
.,
14%
1
13%
6VAi
63
Apr
•
6%
'
6'/a
9'% July
Jan
12,600
190
Nov
Jan
7%
400
Nov
16
8% Jan
,6T'8
9
Sep
53
Apr
9
Seaboard Oil Co of Del
55"%
7
16% Aug 24
Jan
2%
22'% Mar
1
Sep
Dec
Aug
54
Seagrave Corp
13%
1
2'a July 10
13
29%
30
400
9
Dec A
28
700
55'%
18'% July
22'%
30
7,100
54'%
Dec
23
Sep
2VA
9
54
Dec
10'a
Sep
6% Apr
54%
■
<
23
28
28
6% Apr
*2'%
7!,%,.
3
15 Va Jan
38'a Jan
—10
54%
13 VA
26% Feb
No par
2%
13'%
54'A
:
*
1
16
No par
—
543,1
13 Va
}>:■/" 2
*2'a
,
1
1
10
8,200
VA
Va
VA
1
54%
2 Va
54%
7%
V'4
1 A"/
*13'%
133%
1334
13%
2 Va
*
1
60
A
'
•.••*>/••
%
Va
VA
VA
18% July
x55
Scott Paper
"9,500
34 7%
*112'/a
110
Dec
6(4 Apr
300
4.100
94'A
8%
10% Mar 11
.
400
1,350
11Va
16
Apr 30
preferred
Savage Arms Corp—_—
—5
Schenley Distillers Corp—
5
5%% preferred
——100
107%
115
100
'
10'%
19Va
34'%
•
/A
*112%
115
'
■.;■//
•
94'A
34'%
34Va
*112'%
;
113
*110
94 VA
*110
115
/■V". 1
1 la
54%'
734
*112'%
*34'%
34%
34%
'
,
95
*94
19%
'•
■/I
39
1.07'A
11 Va
VH
11
20
::
•.
107%/.-'
107%
,
1974
94%
94 %
Va
.
13%
-
2 VA
54%
7%
ll'/s
113
Va
54'A
107'A* 107'A
114
11'%
•
19 Va
1
1 Va
107'A
10%
34 3 4
*8%
3 8 3/8
10%
38%
19%
115
a
*110
113
Va
1
*8 Va
38'%
107%
96
34%
3434
*34
10%
38'A
19%
*94
95%
>
*8%
38'/a
"7'A
*4
7 '4
10%
38
11'A
103%
*4
'8%
38
9%
A
11
/
11 V«
19'4
'7'A
♦4
7'A
'5.
7%
*5
*36%
11'% Jan
Corp
—
$2.50 conv
6.200
30'A
29 %
!»
'A
/•
8
Jan
10
Tob class B
Rustless Iron & Steel Corp
200
/
'
O
.*%
,
21 Va July
'
39
*36%
29%
29'%
29'%
29'%
29%
74
'28%
39
*36%
39
Dec
11
1
Ruberold
•
37
14'%
Dental Mfg
Common
Richfield Oil
Rltter
"
4%
25
39
100
conv
Oct
19% Sep
13/8Jan
preferred
5'%7f
55 y2
2
1
Reynolds Spring
Jan
38% Mar
9
20
—_No par
100
100
No par
_
3%
233/4 May 28
Copper & Brass
preferred
preferred.
Reynolds Metals Co
5'A%
Dec
46'% Jan
11% Apr
servA—f-AQCV
7 7e
Dec
2
2
4
23% July
No par
100
Revere
A
10
4,700
7%
7%
7>A
A .6% conv prior pfd
Jan
88
Apr 25
3'A Jan
100
>
Jan
62%
Dec
7 Va Jun
25
Republic Steel Corp
6% conv preferred-
160
81
81
22
*7
7%
*4'/a
18 V*
100
140
4%
7'/*
7'A
*6%
18 V*
■
„
6.900
A
61%
80'A
*30
32
85'%
■"A/V 7
7
21%
100
100
' ■■■
'
7 y*
7 Va
7^8
*7'%
Mi
22'A
77'%
6'
*58
A."
61 A
4%
A
98'%
5 *5 a
85
80
80'A
*4%
81
47k
98'%
•
,
5'%
*84
58
*80
5
"
13,800
85 'a
77
5'%
5'%
84
58'%
22'A
•
99 vt
'J125 VL
84
*30
33 %
7%
99
153%
Reo Motors v t c
4%
Dec
85
15'% Jan
—10
1
_
_
Rensselaer & Sara RR Co
1,600
25
Dec
47%
22
34 Va Jun
No par
_
88
Apr 23
100
1st pfd
with warrants
Preferred
20
3va
14%
5'%
22
22 V*
22 Vh
14%
60
7Va
81
'4% ;
A
'
143tt
84'/a
*58 '/a
58
80
81
4%
•
3%
5'%
-
84'%
58
—
..-*75%
3%
Remington-Rand
100
Apr
57'% Sep
100
& Co
(Robt)
Reliance Mfg Co—
'A.-
6
2
5
Hosiery
Reliable Stores Corp
••
46%
3%
84'%
5'%.
V*
*83 'a
7'a
'7'A
14%
14'%
0-
3 V*
3%
3%
Reis
A 1,900
68
*45
-
Silk
Preferred
J-'.
10
93%
*657a
'
—
6%
9 »A
68
'W
11'%
11
9'%
*65%
46%
14'%
r
6534
463/4
98'%.
47
*6%
9'/a
9 Va
Real
16'A
*1.4'%
11%
200
/
70
6%
*63%
*11
;
2'a
*1%
16'A
H4'%
6%
11%
200
23'%
*65
70
*65
16 »A
*6%
*11
11'%
*9 Vh
67'%
*46
14%
2.700
28
*22'%
2'/a
*1%
70
*14%
6%
*11
9 va
*65
16 V*
*6%
6%
U'%
2 Va
*1%
70
16 V*
16'/*
■A"' 9 '•/
99%
200
<
14'%
28
27%
67 ya
*
800
26
14'%
_
2y4
3% July 10
6
88
_.No par
1
6% conv preferred
100
Raybestos Manhattan—
No par
Rayonier Inc——
——
1
$3 preferred—:
—■——-25
Reading Company
50
4 % 1st preferred
50
4% 2d preferred
50
$5 preferred B
Radio-Kcith-Orpheum
■
200
8%
8%
vV *25'A
26
*25%
27%
47
14%
~r«.
3,900
42'%
*19'/a
28
'46
*98 %
—
3'/a
19%
*27%
*6%
3%
>
42'%
19 va
25%
*13%
*65%
3%
100
*39'%
8%
V
73
*11
9va
'
3
$3.50 conv
1,200
*
19'/*
23%
*15'/*
6 7. a
11%.
9%
*83
"
3 Va
28
*1%
16'.*
*6%
*11
v
100
3
2% Mar
46 % Mar
Corp of Amer_
No pdr
1st preferred—No par
Radio
9,450
57
57
:
*65
73
*15%
8
23'%
2'«
*1%
3'%
33%
3%
57
'83
3'%
25'/*
8V«
14
*27%
*65
V
100
'3
42'%
19'A
25%
25%
14
14
3%
56%
*83
100
*40
42'%
19 va
*19'*
3%
56%
"
423*
*39%
33A
56%
3
3'/a
*3
3%/
*3
3%
57
a
*83
100
'83
100
56 7
57
57
57 VA
3'/*
3%
3 V*
3nh,
3%
*56%
conv
Brands
No par
preferred
No par
Standard
$4.50
—
preferred
89'/* May
III
Dec
47%
Dec
48'/a
Dec
33/*
Dec
6%
Jan
108
Jun
113'% July
&" FINANCIAL CHRONICLE"
THE COMMERCIAL
1214
NEW YORK STOCK
f per share
ft
share
*a
l %.
ji
jj
1%
8 vb
*7%"
1%
D
V'' *>
\'A-
8;
1%
7 l/o
8
9%
9 Vb
9 V*
24%
24%
24%
24%
'/ 24
24 yb
23%
24'%%"
24%
24%
24%
24 va
24
24%
23%
24Y«
24'/a
39 34
39%
39%
40
39%, *39%
39 v'4
39%
39%
*31%
32
32%
32%
32%
33%
333/a
33%
33%
27-%
26%
28
28
28
58
57
57
7
7
7
Standard Gas & El
*
200
:
$6
cum
$7
cum
100-Share
of
f
Range for Previous
1
Lots
Year 1041
Highest
t per share
per share
Lowest
J per share
Highest
I per
share
Co——No par
A Sep
3
Jan
7
%
not
IV*
A—_—No pa+
% Apr
25
1% Sep
26.
%
Dec
4 Ye Mar
5 V#
May 14
11% Jan
14
8% Dec
21% Mar
6
Apr 28
13 V* Jan
11'
$4 preferred
8
Basis
Lowest
/
;;77 f,Par
8
y„
Jan
"
33%
*26%
V
On
.
'■■■:7:77';77
>7
• •
,,
1%;, /Vv 1,500
•
8% ;; 9%.
9%
,
1,900
■
Range Since January
-
STOCK
YORK
EXCHANGE
1%
9
8%
9 :v
*8%
9
*7%
,7
>>.'
Stores
%
U
3i
!%,'■;
8%
1 %
NEW
for
the Week
share
f per
t per share
%
iii
1%
0
Oct
Oct. 1
share-
11
1%
•■■
8
S per
"
%
i%
*731
1%
8
'
V
|ri»
1 ()'
■
1 per
share
t per
STOCKS
Sales
Friday
Thursday
Sept. 30
Sept. 29
Sept. 28
Sept. 26
Wednesday
Tuesday
Monday
Saturday
RECORD
HIGH SALE PRICES
LOW AND
Monday, October 5, 1942
.
-2,200
a
prior preferred—No par
■
prior preferred-L—No par
/
10'A
223A Mar
■£;
Dec;
'
■
'
24 Va
24%::
24%
24'4
24%
39%
39%
40%
34
34'%
24-%
24 V*
■'
•
58
*6%
3%
'
5%
4%
-v
3%
5
S
4%
5
28.
*56%
573
':'i
*27 v«
'56%
28 !
*27%
28
57
:
•9,800
7'
-
Oil
tHa^paf.
Co
Starrett
100
_18._ .Mar 141
20
Apr
30% Apr
28
25
24
42 'A Jan
25 'A
Apr
28
23 % Aug
1
58
of Indiana-!——23
Jersey—
L S_
(The>
—No
25'/#
25.. _:_1IY# Mar_
25 % Mar"
27% Jan: 6
25
t
Standard Oil of Ohio—
3,200
•
Standard
Standard Oil of New
15.900
:
Oil ..of Calif
par
24% Sep
27
33
34% Oct
1
33
Dec
34% Jan
16
29
Dec
51
Nov_
34% July
46%
Feb
,
Dec
48% Aug
Jan
.'40
'
*56-%
•
-
'
3%
*3%
3%
i
' !•:
7
6%
-
-
3%
4%
;.r
Jf;
4 v*
.
47/b
4 %
:\
■%;7 5
4'% '
Sterling Products Ino—
Stewart-Warner
2,100
■
5Vn
4%
•
*
3 7 it
3%
3%
5
4 V'4
7
6%
8
5 %:
4%
5
4'3"
1,200
2,100
57
57
'
6%
6%
"
"
;
-V
7
3%
5
'•,
4%
58
7
3%
3%
v-
;
*27 V'4
Standard
-—11,100
"
•
Studebaker Corp
(The%
4'/a
.9
4
4% Jan
27
3% May
Dec
5% Jan
5.
4%
21
3%
55% Jan
9
6%
Nov
8% July
>;
Dec
<
2
8% Jan
V
Dec
5'/4 Feb
16
Apr
3% Jan
_1
__
25
Jun
66
Dec
Sep
.7% Sep
26
2
3 V« Mar
•
,3,900
24
Apr
5'% Jan
5
iStokely Bros & Co Inc_————J.-.:~l
Stone & Webster—
—i.
No par
3,900
-
4;!'a
42 .';
10
—.
Corp—
8Y»
Jan
'
49%
•v,*48
V...
"
49
*48%
v
■
*124
124
•■124
iU.i 4
4
125
43
'
.
124
12%
*12
*1%
10%
.
V;
21 %
*21
>12%
1 Vb
IV'8
;rY
/"■:
1 Vb
1%
1%
10%.
1%
10%
•
*
12Va
*12
12%
*12%
10%
*10'%
11
21 Va
*21
21%,
*21
50
*123
124
12%
*12%
1V«
v
»
130
v
3%
Sun Oil Co—i—' par
Class A pfd (4%% cum)—100
4,300
•
-Sunshine Mining Co
2,800
800
13
Superheater
ll'/a
1,000
Superior Steel Corp
21 '/a
20%
*4% -:1
:v-•:
25
25V«
:C-.
17 Va
17'%
25%
24%
25
17:,a
17 %
17%
4%
4%
4%
*4%.
4%
*4.%;
47B
21%
8%
37%
*2%
27»
33 %
33%
33 Va
33 34
33%
6%
6%
*5V/a
5%
*19'4
19%
*5%
;
"'"
g
5%
•V
:
*45%
*3%
*31
j 31
.
3
•47
V > ,3V4
•
31
•'
;%.7;
;v..
39
'
*45%
&&
*5%
31,
3V4
*36
33%
34%
6 V'a
*6 Va
6V4
a-,/.
5%
20'A
*5%
*2Va
45 Ya
A
3VA
:.
.
V
31 'A
.
3
9 Vs
Dec
18% July
16%
Nov
23
17% Feb
Sep
,
1.800
1,100
.
.
*3'A
4 3%
32%
•
32'%
7 ."
Coal & Oil
30 7" Apr
No
$3.60
conv
-No
"preferred'-,^.*,.
par-
par■'
5
6% Aug
1
2
11
4 ' "
50
3% Apr
/:i Pieferred
15
30
10
$3 div feonv preferred
220
"
34 Yi Feb
;;v,rv.
3%
7 V4 "
'
7%
*25%
V:".
*7V4
*25%
26
26
.
VY-V 13
••
3%
4*6%
7%
25%
*25%
25%
i«
83
'
A
n2
.
;-s:?
•
v.
-"':
8Ys
77
90'%
A
t
%:
7
13
A
90
90%
90
27%
27 Va
27%
27%
27'A
27%:"
27
27
37 ','4
37%
3714
37%
37%.
37%
3 7'A
373«
43«
4%
4%
4%
12
11%:
1
1 Va
62%
76%
6 Va
4%
8Y#
90'%
27%
-/
:
(
6 %
4'%'
11%
6 3/a
-•'•'
0• 4!
.
11%
1V
1 Va
7.13 TV 13%
-
•
1V# h
6% Aug
14
1,200
«
3,900
No
Transahierica Corp
40
9
22 •
May 20
31% May 21
43 V* Jan
par
2/ 7,
-
i—
4
Jan
,
8% Jan
*
$6 preferred—
900
.
56'% Jun
-a_No par,..
Truax-Traer Corp—
5% Jun
7;
4
A
_
,
30
12%
13
123'4
13
12%
23'.
•
23%
23%
23%
23%
4%
4%
4%
2
*11
a
4%
4%
G6
11 VB
62 Va
c5%
64
55%
65
*11
6
11V#
*11
11'A
13 ay
23%
23 Ya
23 Ys
2334
4%
4Va
4%
4%
,
'63%
63
63
6
4%
64
.•6
5,000
43A
1,400
67%
6
390
6
*36
Y1,
7:7''
67
6
64
6
24 Ya
36%
«1,500
23%
'
■
■■'
,
6'"T
6
;
.
67
a::7:,,
.
.
■
a4%
•
■
■■
20th
13,300
:-24..:aa,:a
11
%
Dec
: !
a"
SCp
-7
A,'
35Ye
Dec
7
51'A
Jan
,
5'A
Jan
4
8% Dec 7; Y':
6% Mar
Cen
$1.50
Twin
__
Film
Fox
Corp— .No par
7%
.6
2
13% Oct
2
1 % Jan
i
5 'A Sep
2
73
21 VA Jan 72
100
preferred—
a
Sep
ijY*' Jail
0% May 16
,■
■
60
7>7:4
YFeb
2
2
75
1
f
v
5
9%
May
%
16
12
24
Sep
Deo
37
36%
37
36 3 4
36.
36%
36
'
7Yr
71'%
f\ 7 7%
734
72 VA
,7
'•'
73A
73 -7'
717%.
8
72
■•
8
7%
72'A
-
7%
-7% — 7%
7 7%
7%
Dec
Jan
72%
71%
72%
5,700
72
;
37%
*
*112
*112
106%
,
113
*105%
113
106'A
13
80
79'A
78
:/;■:.;* 77 •'«
13
113
*112
113
*112
113
*112
113
106%
*105%
106%
*105%
106 %
*1053/a
106%
Sep
13
13
13
12%
13
80
80%
81%
81%
82
77%
77%
78 7
78
39% July
9 % Jan
9
21
5
7
Dec
12%- Jan
28
74% Jan
3
60
Feb
79%
•1,300
78
23
*22Y#
2
7% Sep
Preferred
6,500
73
13
80 Ya
77 3A
23
i
77%
79'%
78
,28% Jan
"60
'79%
123/4 712%
89
,
23
23
*22'%
7
12% > 12%
;
*77'%
80
*112
*105%
106'%
*22%
*22%
28%
94%
23%
29%
94%
29%
94%
22%
22%
28%
23
94%
$4.50
Co—
No
;
f
' May .6
100% Mar 24
10
;
May
1
113
Jan
6
.13% Jan
1113/*
Jan
,106%
Dec
x
29
.2
82
Oct
17
81% Feb
11%
6
Feb
24
*
y3G3/a Jan
6
28Ye
17
17
104YA Jan
5
30
;3
J
29
29%
28%
28%
95
29 %
29%
94%
94 Ya
28%
28%
.
*93%
94%
,
•!
5,500
400
'
14%
14%
14%
14%
14%
14%
14
14%
14%
'
14
14
14'
14%
15 %
15%
15%
15%
14%
15 Vi
;
•
*110
110
111%
*110
mw
111%
'
*47 7
20
*19
13%
;;l3
■
*
'JJ
:
X
V.
V*
IT ■
13 V#
•
*110
K
49 Vf
19%
'*14%
12%
13
19%
'
1,800
:
19%
22,000
13
12%
Biscuit
—No
Co—-
preferred—.
-
United Carbon Coi
No
—
•
15
104% Mar 24
100
par
112
37
.
Corp_
_:_No par ••
Corporation—--——No par
preferred—-C_——No par '
$3
15% Oct
9% Mar 10
United
5,800
Apr
7% Apr
.£
par
.16
United-Carr Fast
«
*
12%
13
5%
;
49
*19
%
United
111%
49
49%
•
900
*89
preferred—i-u—-—100'
Lines Transport
5
conv
Uh Air
21,100
14%:
*110
111%
■
*19
i f.
»a.-
13
-
11%
>19 '
f»
*14
49
49
19%
*19
«*
.
V>-
14%
•
>110
49%
49%
19%
yi9'
-;v
.32
13
49%
49%
48%
*14
5
.
"
•
23% Jun
•^United Aircraft Corp—-. 5
■
85%
Dec
;
.
31
,7
Jan
July
44 Ye
Jan
17 V#
Dec
Jan
'
%
'
*94%
95
*94%
Dec
243/s
"21% Aug
.
De<f
.'73
Sep
/ 115% Nov
112% Sep
16
Sep
85% Jan
Dec
57%
2
Jun
j74%
-
,
.' July 13
108
63% Jan
.100
preferred————.J—100
Union Tarlk CarNo par
Apr
108
25
Union Pacific RR Co—
4%
600
58
series—No par
Union Oil of California.—:
2,100
•
par
Union Bag & Paper-———No par
Union Carbide'& Carb_
-—No par
Union El Co of Mo $5 pfd
No par
Under Elliott Fisher
5,000
72
71%
36%
"
•
f
'
— —-
14% July
113'A Feb
Dec
<
Dec
35
15
7% Sep
•
Dec
5
16Yb Jan
8%
1083A
5
28
3/a Jan
July 28
/:%
28
Feb
22
"!>V'Jari' v,:2f!
11
Mar
20
27
a
9Ya May
3
July 15
49% Sep
May H
' Jan
—
715
52
7
13%
Dec
27/#
Jun
1%
.
Dec
Sep
21'/#
1%
Jan
30%
Dec
■Dec
:
Jan
Sep
'
'
7%
7%
7'it
7'A
'■-•; •'. 7Va
2 -? it
*2'A'
2Ya
*2 VA
•;./2%
397"
*37
I
77: 7j%
I ' *2'A
'•.7%
*2%
7/
*37
38
*5%
5%
6
*37,
38
"■
5Y»
5%
/
-
5-%
:
*263A
.•
54%
..
7
Y'JXTiY/ '&%'■
4
*99
,54 3 i
54! a
54%
kUkM
4
100 ■'
101
15%
15%
33b
3%
101%
15'A
3%
3
7.%:*3-.;i-.
84
:7%83:/7
*39
4°
v
*
'•
3'/8
4%
*83
7
7
3 V-#
*83
5
'■••■'
84
•
<
'
;
15%
9%
9Va
53 VA
53 V»
,
9 7 7:
*53
5 3A
*5'%
3%
3,500
:
900
800
20
/
40 V
115
'
53%
8%
9
f>;
910
41%.
9 ;
•«
53 3 «
54
53
.
53%.
} 3,200
31 YA
115
*39
32
*3%
*
12%
*106
40'%
*39
a
*5'A
40%
31%
3%
77/ 12%
~*106
12%
>106
5%
*5%
-
40
31%
32%
•;;
-
>-i
•13
-
'
*106
3.100
13%
29
727%
3
A
25
25 VA
29 VA
29'A
29 VA
28 %
29
28711
"
Y»
25'A
*27 7 it
VA
28' •'»
28%
:
25'A
%
'
29 VA
1
■
•
■■■•
*'
i
•;
a/4
•...
•
'
*25
!
7
/
%
"•
25
*29
29%
25%
*28%
29 %
28%
*28
28 %
■■
'.>:*%
:
29%
28%
.j if.
lif
%
.
'
2,100
V.
293«
,
300
3.700
1,300
5
'
■
•.
3%
v,:
53/# July
Apr
30
Dec,
42
May
79
3% Jun
;
72% Jan
3
48% Jun
.
93% Mar 27
4'%
5% Jan 10
1.
;
3
106% Jan
oo
17 7
Dec
117
'
8VB
Apr
27
2%
Dec
2 Ye
Dec
V U
——
——
S Industrial
U S Leather
Alcohol—No
par
-No
par
Co—
-
17
9
Jan
.7
..•17
J
6%'May 14
40% May 13
159
May
1
4% Apr 27
43
'
1
83
Dec
9 VA
Feb
19
'IV*
Dec
54'% July
173
26
37%
Doc'
7
/
9
Sep
634 Jan
170
21
14
,7
•
4%
93%
:
69'%
183
Apr
9'/e
Feb
Sep
July
13
Sep 22
Jan
/ 4
1
Nov
Oct
; July
July
Jan
Jan
Jun
Sep
21
33
Feb
43
24% Apr
28
34'A Jan
27
20
Apr
33% Aug
2% Apr
22
20
114
.
Apr
2'%
Aug 16
Jun
10
/
Apr
54%
Feb
Sep
Oct
Aug
Dec
34 Va
Feb
18Y«
Apr
26
Sep
V2
Dec
13%
27'% Aug 24
20'A
Dec
1
3OVA Aug
7
25'%
27
29Yb Sep
25
Mar 11
1
103A
105
•
31%
7
% Aug 21
Jun
4Ya Aug
Dec
5 Ys
4% July 30
14
Jan
May
1
26% May
20
28
Jan1;2
7
preferred—i—i—i
il3A
4Y#
41
99
cl A
6
25
Jan
14%
30
100
'OS Pipe & Foundry——
,—20
U S Playing Card Co——.—
10
■US Plywood Corp
——l
—1
::
JU S Realty & Inipt
—J-No par
conv
3% Jan
,
Dec
Jan
34 % Jan
——No par
Partic &
i:
787 V Feb
■»
l^No.par.*
S Gypsum Co
1
-20
7 Vt> preferred——————100
S Hoffman Mach Corp-2—-—*-5
5%% conv preferred————^50
Freight Co-
2% Apr
•:77% Apr
:•
.
10%
"
Dec
28
^;
Jan
,
-
4'/« Feb
i
Sep
Sep
517/ Nov
60
7
15 3A Sep
Prior
25%
25%
•
16
10
i
'
25 3 A
*25'V
Sep
28
-
:
35
1
6Va
3Y#
20Yb May
10
2% Sep
U
300
115
6 'A
3% Mar 11
Jan
Feb
-
11% Apr
U
2,000
:
3%
3%
3%
12%
115
40
July 16
Manu Inc v-t c— 1
''
100
40%
31V
*39
31%
*3%
3%
13
~5%
*5%
40%
31%
115'
12 Yt
*106
5%
50
25% Jun
United
U S
1,400
*173%
*173%
*173!%
"5%
*5'A
37
12 3 4
•
■
32%
*3%
7
13
12't
*174
:
}b
8%
53 VA
'
8%
•-•
3
•
Paperboard10
U S & Foreign Secur_—
.-No par
$6 1st preferred——--—No par
U S Distrib Corp conv pfd——100
United Mer &
;
'
32%
4
.*3 3 4
*108
-9X753 Va
52%
53a
*39
32%
32%
■'-.-
5%
40 ''•»
*39
*8%
53 V a
*173%:
*173'%
*
9
;
"
f
Gas
ImproVt——^lNo par
$5 preferred——No par
400
3%
41
United
11,500
IS 84 'V: -84
41%
Uriited Fruit Co——'——No pat
V:
•X
'
•
,
28
33% Aug 21
,.—100
Cos———5%
-1—4-5
—
——
United Electric Coal
6,000
100 V#
x3 Vb
3%
•
Preferred
(
15
1%-Apr
'
United Eng & Fdy_-—i
51%
14%
a
"41%
41%
2,000
100%
15
•:.;3%
3
*83
r
51b
Uiiited DyewOod. Corp-i—l—-10
4% Apr
United Drug Inc-———-5
27%
'
4%
3%
84
"30
50%
100%:
14%
3%
3%
*3
.A;
83'a
39'% ; 40 Va://
39%
*100%
13%
143A
kenvi-
37%
7nC:7
4
100%
100%
.
2%
5%
53YA
*2%
r
•;r
4,100
*26%
5%"
51'A
7%
;
37%
28
•
1
?•- *3
7
84
39%
/>;■'
7
53%
4
15%
3%
3 3 ii
*82%
53
•
4 Va /■■■
*110VA
15%
33a
*3
,
77!472
100
15'%
,7
54'VA
53%
;y
38
•5Y4*26YV
-
•7
-23/#
-
*37 Vr
;5Y#
'28
' 7 V#
■
*2'A-
38
*37 VH
5%
*26 Yi; 28
28
*26%
27%
7
2%
'
*26%
7%
•,
2'% July
'
'
20*! a
21
20%
20%
87'A
88%
88 3A
47
48 V a
46
V*
03 3
63 %
VA
63 3 4
*63%
47%
109
20 7 a
87%
49
49V,
20%
89 'it
*88
47%
109
*63 VA
47%
108711
t
477b
109
*19%
20',:.
*20
20 1
44 3A
*44
44.%
footnotes
20 Y*
21
21%
21%
22%
88
88
89
893a
89:%
91 %
46 3A
X44
44
43 »%■
44
*45'A
46%"
63 %
X62 %
62'A
63 "2
*62 VA
63%
47 Va
109 %
46'A
109
-.
■
*62
46%
46%
47%
47 YB
109%
109'A
lOOYu
109%
49
109'%
19,700
see
page
■>
1215.
*20
20%
*20
20%
20
*44 VA
44%
*43 'A
44%
*44
20
44%
,
19%
*44
20
44 3A
>■
U S
Rubber
2,000
•
1,700
1st
•OS
300
v
U S
4,400
500
Smelting Ref & Min—-—
——
Steel Corp
-
Preferred
>'
U
S
10
Co——
preferred---——
Preferred
33,000
7
*4 4
For
<6%
109
20'%
"
Tobacco
7 %
Co
preferred—
—
No
Sep
65 Va
Apr
19
69
Dec
76%
Jan
47
Dec
70%
Jan
2
17
51'A Jan
50
58
28
71
25
103%
Dec
2
37% Apr
par
28%
Dec
14
225% Oct
91 YA Oct
54
—No par
——1—100
Dec
58
43 V*
6
Mar 10
13% May
100
-50
Apr
44% May 20
107% Jun
15% Apr
30
29
39% Mar 27
Jan
55 3A Jan
3
1193A Jan
13
105'A
Dec
Jan
5
19%
Dec
46% Jan
14
24
42
Mar
U
Sep
9 V#
—
U
'
37 ■>
V 36 7 b
,
77
Dec
27Va
Feb
27%
Sep
1% July
Dec
29* — -—4%
Jan
11'A Aug
$ 16'% May aa;..
12
Jan
1
7.7V#
0% Jan
/ X
.
-
JOY. Aug X
;
Dec
<
25'% Aug 19
19'A Jan
preferred—
City Rapid Tran
"Twin Coach Co—
90(J
Feb
■
17'A Jan
% Dec/'-T:-
2
7% Jan
Truscon Steel Co—,
,
.13 Ya
13%
13
12%
12 Ya
11 Va
*11.
Jan
Dec
99Ye
Dec
37%
7'/# Aug 13
11 Vb Jun 12
'
11!
18
ll7/#
'
27% ,Feb
6
1 V#< July 10
i":
Jan
,aa.
Dec
-
~
.
Jan. >"
l'A
Dec
i
67'% Mar
'
*11
11%%%
12%
*11
6~"Jao
34
Nov
9Ye Mar
>95'A Aug
129A Mar 17
3
3A'Mar 14
Tri-Continental Corp
/
-A
..)J,ifj;'-
8
4% July
13% Oct
28
7% May 15
—5
-
•
/A
Aug
.
Jun
5
34 V# Jan
'
~
28
5
•
Sep
5% July
A;
'
•
30
:
10% Feb
95'% Jan
2
Mar
•
Sep
60'A
Aj-i
1
28
•
85
Jan
4% Sep
Dec
If
243A
%
.1
28
12
/
:
par-*
Transue & Williams St'l
7,000
.
-
vTranscont'l & West Air Inc
400
.
l'V#
8V4 Jan
7: 8
Jun
par
Axle-ir^w
•
6%
*6'%
a ■:
Detroit
„No
.
Tuly
44'%
Jun
May
A
>
Ya Sep
13 'A Sep
'
>10
Tide Water Associated Oil
t$4.50 ronv preferred—
/Tlmken
3.900
64
*62%
:
i4
Sep' 17
27% Jan
17% July
2
41 Mar 27
par
j
7'A
Sep
10'A
77
A'a'' '.-. TV: 3% Dec
30
Jan
27
3% Sep
14
5%'Jun" "3"
par
Timken Roller Bearing-
ll7/# N 12
' A
a
6%
6%
■4%.
7:.aV:/
.64
*62 Mi
63
4%
V
13
il Y+
1 Va
1
6%
*6%
•
4%
..No
2,200
37'%.
72^ July
par
25 ;
—
460
■J-
Transit fcoro —No
Thompson Prods ;Inc.
3,400
Y
7 37'A
Aven ue.
Thompson- (J
..No
/Thompson-Starrett Co
$3.50 cum preferred——a-No
500
?
8%
27'A
-7
_
37 VA
12 Va¬
12%
47'62-:7
65
.27
26%
37'/«
4% V- 47/'
11%
:,;a 1
*62'A
4
12-
12
7
v
4%
a
*11% :-I23^;:7A
A •7' pi-- %■ 0
Z'' -v,
62%
65
*6%
12
7 7;
90
90 V#
43/a
12'4 V :
*11%!
1 Vb
1%
*62'
*
12 '
7:'?; 12 '
12'4
*11%
.
7
89%
;
2,400
-
*90
Third
,
200
500
)
V:
89'%
83A
90'A
700
.
t.
25'%
%
*12 V#
13'A
8%
90'A
-47 8%
,
:7r'«
.
25'%
*
Va
,
3%-: -,3%..
*6%
26 VA /-
Ya
12
12
•
a
V
3%
7%
,"
13%
8%
3%
*6%
»:t'•■■;•■' ;■
3
."
*12'A
3%'
_
:
25% A
IM
85,»
7'
714
■
25%
,7:
13 V*
■■■
8%
8%
3%
7!4
7/ir
%
12%
8 %
*3V4
_
^
>•■'•%
12%
3%
3%
;
"A '
7% July
*
*3%
•
Sep
Dec
387/e
Dec
2
•/:
9 Y«
.■;
.'
Dec
38
\
28
.Jan
4 s/# Jan
■
■
2
Jan
53A
327;
■
.MarlO
3
7
11
-Jun
42
20
Dec
5
Jan
4'/e May
3% Feb
7
A
No*
46 Ye
Dec
5% Mar
0VA Jan 20
'
'■
Feb
30 V#
8%
38% Aug
33A
Deo
■
2
a-
1
20% Oct
28
>Jan
41
6
34%
?
6
Sep
•
1% Dec
14
6Yb Jan
2 V# May
■
' 500
•*
347% Jan
35% Sep
The' :Fairr4_7_Ai.-7-.^il.^7-A.
10
:
-
3%Mfty.|7%v
■
6
28
3
Sep
7% July
'/27 AADeoY:-"
•
27
7% Jan
lNo
_
-
Dec
16*
Jan
4'% Apr
Co
Mfg Co__
24%
3%
29
39'A Jan
15
Apr
5
Dec
Aug
5
2Ya Sep
9 Y# Jan
28
Apr
28
par
.
16%
5
May 26
2
Pacific Land Trust—
Texas & Pacific Ry
a
;
>
7'% May 14
__
Sulphur——.
Pacific
Texas
T
14% Mar
25
3
Jan
Jan
19% May
5
May 1J
33% May 21
11
20
1":
5% Aug
Dec
3
1
26
5V« Jan
3
Apr
Apr
32
Produc'g Co—,,i_No par
Texas
•
'%./ A'Y'f '•'w--,'"' ■'
•;
Corp
Texas Gulf
.Thatcher
100
7A
; ir
a
„
1,300
3
*31%
-■-344'V 4 ;
*31%
•
,4,200
Av
46 Va
3% Aug
1
Texas Gulf
,
2,000
'
.
.
Corp
5
Jan
25% Sep
17% Sep
15% Aug 17
par
Sep
4% Aug
25
16
19 «A Mar 11
No
Inc..
23
13
3 Va May 27
20
_25
—
(The)————— W————— .25
Texas Co
7,200
■
31
31
13% Jan
.Tennessee
:
.
39.
*2 Vb
45 Ye
3'A
■:
*453 a
2Y4-'A'•
::
e
*36
39.
*36
/
9V* May 20
,Talcott Inc (Jamps)——
v75%^ partic preferred—- —50
Telautograph Corp-——— j———5-
A
7
20%
5%
■
5%
20%
*5%
•V:
5!A
20'A
'
3
3'A
•
33%
47
*45%
;
-
39
*2%'-
•
.
5%
2% July
900
i
:.:: 4
2%
*5%
19 Va
Dec
800
7
7 38'%
2%
6 Va
534
19%
8Ya
>78% 7
& 37%
33'%
..
L
Prod's
Symington-Gould
200
:
'
2 Tit
2%
:
4,800
\
37%
*2%
,;••
:
0'
*5%
534
5% >7/
*2 Vb
33%
33'%
8Y»
*8%
2 %>■•<■:
Sylvania Elec
800
-
4Y«
*2%
.
i
38
*33 VA
2%
37 V#
37%
2%
1%
Swift International Ltd———
5,000
,
'
4%
434
47a
2%
8%
37 :
A.::. e.
20%
:
*36
V
3%
3%
■k
*5%
•
3
47
*45%
3%
32
20
:
■
39
*2%
47
v 7
2%
*5 Vi
a
5 %
*36
3
*2%
20!
5'/a
37 Vb
37
5:%
*5%
,19%
:
39
*36
;
8%
33%
6V4
f
6%
*6
■:
^3 2%-
14
Sutherland Paper Co——————10
X4%
r
38
"V33 'A
2%
1% Jan
Sweets Co of Amer (The)———12 %
25%
Jan
V7l ■■■■■?. Apr 28
—
17%
July
'
1
300
25%
9
21
9
—
——J
Jun
Dec
14
3.400
Co
126
117%
•7.3Y#
112% Dec
126% Aug 17
5% Jan
5%
Swift &
66%" Dec
Apr
15% Jan
20%
17'/2
4%
*4%
4%
13
.
'
4',4
•
38
2%
8%
8%
8 3 it
36%
Y"
37
4%
A»*4%:
2t4
2%
8%
*8'/4
17%
*33'A
*23/8
36%
25
17 V»
4%
38
2%
2%
2%
24%
*
4%..'
■
*33'A
38
*33%
2%
*2%
7
43/b
■
38
*33 '.'4
20%
20%
4%
%:'
*4 V'4
20'%
25 Vb
17%
4
5%
20%
17%
25 %
17%
*4%
203a
20%
20%
25%
5%
20%
116 Ya Apr
50
3% May 28
11'/a May 13
*414
5% *
*4%
20%:
5
*4%
28
100
20 ','4
21%
'
5
*4%
Apr
100
Superior Oil Corp
10:Vt
21%
1,900
.43
par
.—i
jL-^-No
(The)
Co
l'/n
*10%
21%
*21
3%
IV#
11
•--
124
*123
3%
12%
1 Va
*10%
501
50
-
3%
3%'-;>
12% '
'
V;
7 50
124
3%
3rk
3%
491ft,':
49'%
49 Vi
125.
*124
V
4
3%
•
.
130
Sep
Jan
33 Yb
X
Jan
50 Ya
Nov
—
Volume i 56-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
1215
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH SALE FEICES
Sept. 28 '
x
I per sliare
Sept. 80
%
%
1%
1%
1%
*
12
12%
%
u/8
Shares
1%
5,800
United
1,900
United Stores class A
1%'
*1%
Par
Stockyards Corp
t per share
iV
ir
*43
50
*"43
50
12%
*•12'/a
12%
*12'/a
12%
53%
55
*53 %
55
144 '/a
150
*144%
150
*144%
160
>146
160
146
*43
50
12%
12%
*43
*12%
50
...
$6
12%
100
55
5
% Apr
,*144
53%
"
150
>144
*148
*
150
150
•
*•146
J
150
*148
—
55
—
gg
230
%
28
i per share
Dec
*144%
150
*146
150
160
160
8%
Feb
9
14% Jan
5
No par
41
July 15
May 6
—100
142
Apr 24
150% Jan
pfd—100
147
Apr 30
159
preferred
Universal Pictures
1st
,7.
1%
Jan
1%
Dec
42 %
Dec
% Sep 26
44
12
_
Leaf Tob——.
"Universal
15
34% May 20
preferred
No par
Universal-Cyclops Steel Corp-—.1
conv
...
53%
53%:
-?52vr
1% Sep
1
Highest
t per share
$ per share
% May 25
1
Year 1041
Lowest
Jan
'
1
50
*•12'/a
,
I per share
Range for Previous
On
EXCHANGE
the Week
5,'
-
Sa
.
1%
1 Va
1%
14
\s
%
ii-
Range Since January 1
Basis of 100-Share Lots
Lowest
Highest
NEW YORK STOCK
Sales for
,
Oct. 2
I per «Z»are
"43
50
Friday
Oct. 1
;
,
$ per share
'
*43
Thursday,
Wednesday
-
t per share
share
per
1 Va
1%
1%
Tuesday
Sept. 2?)
Monday
Saturday
'»> Sept. 26
55
'12'
62
Jan
64
43% Nov
Sep 29
Sep
16%
May
Sep
6
140
May
157
Jan
Jan 21
133
Jan
162
Oct
% Sep 23
6
29% Feb
3
20% Jan
15
Apr
31
15%
Dec
34%
8%
Dec
15
Mar
20% Aug
111% Dec
28
July
116;
V
3/«
A
SL
"J/8
*%
*%
/8
%
.Vadsco Sales
600
25
24%
24%
25
25
*24%
25
25
24
24
40
16%
15%
15%
15%
15%
*15%
16
15%
15%
16%
17
1,900
8%
8%
8%
8%
9
8%
8%
9
9
1,000
25
8%
*25
24%
24%
*23%
24%
94
94
400
Van Raalte Co Inc—
>115%
117%
*115%
117%'
*115%
117%
300
Vick Chemical Co_——
*8%
-
a
♦
•'
*8%
*24
*23%
*115%
117%
32%
24%
24.
24%
33%
33
34
33
64
*50
64
.*50
64
*115%
*56
75
*56
75
*56
75
*20%
21
21
21
*21
33%
33 %
52
52
52
*56
75
*20%
21%
*
2,
!
34%
*
*33
64
*48
>75
*56
75
*20%
21%
21%
,
'
21
%'••;' 21 Ve
>
Preferred'
•£::
7%
1st
S'/c
...2.50
7% Jun 24
19
5
30
——5
300
Victor Chemical Works——.——-5
300
Va-Carolina Chem
55
18
27
.
1%
1%
V 1%
1%
1%
32%
32%
32%
32%
115%
19
19
-
*
32%
115%
116
18
18
27
32%
116
116
*115
1%
32 '/a
2
*1%
32
33 %
1 %
33%
t
120
20%
*19
20%
>
510
27%
*27
28%
*
300
28%
| 4,900
115
20
20
26%
v
115
-
115
28%
-28%
28%
*76%
80
*76%
80
*76%
80
*76%
80
*122%
130
*122%
130
*122%
130
>122%
130
*122%
130
26%
28%
8%
8%
*21%
28%
8%
8%
22%
22%
*8
26%
80
28%
130
*21%
26%
*76%
28%
28%
*76% "80
*122%;
*26%
27
8%
22
28%
28 %
8%
•8%
8%
21%
*8
22
-
*21%
22%
•
21%
'
8%
8%
l
Aug
July
57
Mar
66
Aug
66
Aug
39%
19
9
4
20
116
110% May
Mar
%
27%
Sep
2%
Jan
Dec
18% Dec
July 21
114
Dec
11
Deo
30%
28% July
Dec
14
Jan
3
Sep 11
20% Sep 29
24
Apr
29
31% Jan 20
26
May 22
29% Jan
7
29
Dec
70
Jun
96% Mar
5
89
Feb
105
Nov
9
135
Mar
143
Jun
120
—100
24
Mar 11
138
6% May 22
16% May 22
$1.25
45
Mar
2% Sep
37
preferred———No par
400
Jun
57
25Va Jan
8
Jan
July 10
57
2
Dec
19
Jan
; 55
Jan
Vultee Aircraft Inc.-——.—1
.:>■ 1.600
22
22
Preferred —J———
2
Sep 26
116% July 15
6
41% Jan
12
% Aug
& Jttn
25
22% Jan
6 % div par tic
"
*26%
1
No par
—
preferred
100
Va E1.& Pow $6 pref
—No par
Va Iron Coal & Coke 5% pfd—100
Virginian Ry Co
————25
6 % preferred-—.
——25
Vulcan Detinning Co—-J.
..—100
2.300
27%
*114
U^115
>18%*
.20%
■
9
18% May 26
'
2
*1%
V *32%
11% Mar
May l
July 30
Sep 12
50
100
-—100
———
Mar
112% Jan
preferred—100
preferred
20
14% Jun 25
Vicks Shreve & Pac Ry—
10
2
Jan
22
—100
No par
Vanadium Corp of Am—
Van Noiman Mach Tool-
117%
33%
117%'
*115%
32%
33
"50
>50
*56
*33
% Jan
No par
*24%
*15%
Jan
118% July
23% Sep
42
Jan
33%
Feb
10% Mar 25
25
Apr
1
■V 30% Jan
26
W
24
23%
24%
23%
24%
7%
*7%
> 7%
*7%
7%
18%
18%
18%
18%
18%
102'/«
100%
100%
*6%
4
4%
4
v.
18%
>7%
25%
7%
" 7Va
18%
18%
18%
*100 Vt
102%
*100%
102'/a
24%
7%
18%
18%
102%
<*99
*4
4'/8
4
25%
7%:
102 Vtt
4
37%
37%
*37%
37%
37%
37%
*37%
*15%
16%
*15%
16 %
*15%
16%
*15%
*3%
4%
*3%
3%
*3%
4
4
38
38
•.
;
*%
*%
14
14
*16
16%
4
*3%
4
100
39 V4
38%
.
16%
'
23%
23%
5%
5%
%
*22
'
%
>22%
*22
25
16
*12%
+
24
*15%
,
13
24
*%
5%
*23 V»
5 25
*24
•
*
15 Va
16
*15%
16
*15%
.> *12%
13
*12%
13
.>>12%
v
10%
16 Va
2Va
'16%
I6V4
*2%
*2%
16%"
"
>23%
16%
*2%
15%
69
—
-
.No.
>
2% Jun
->
,19
2% "
2Va
2% •>
V
16 «/4
*67%
16
16 Va
16
16
*15%
69 Va
;
*16
*68
69 Va
70
70
*68%
■
t
100
!
200
Fdy & Pipe
Washington Gas Lt Co— —No par
Waukesha Motor Co
1
>
800
Wayne Pump Co.
1
8%
41%
*40%
41%
63 Va
*61
63
8%
*8%
8%
8%
8%
•;
*40
41
61
>
62
'
*«»2
53
*52
109
*108
52%
54
108
•109% 109
""'12% "T3%"
*40
-
•
53%
107% '107%
108%
106%
107"
.107% 107%
I
13
43-
-43%-
-*43-
99
*96%
99
99
*9674
99
*14%
15
>14%
'14%
14%
15
14%
14%
*14%
147k
*2%
2%
2%
2%
*2%
2%
6
•
6 Va
6%
*5%
6%
6%
1%
1%
1%
1%
1%
1%
2V4
2%
*5%
6
6 V8
1%
V 1%
28%
28%
1%
28 %
15
15 Vs.
15
•;
72
*25
26
107
4
28
28
15%
15
72%
72%
*25
Vat
:26%
-
1
>
108
>
*26
>•■"
72%
I
28%
*
15%
73 Va
72%
116%
!
*25
27-
*
V4
'
V-
27 V-
■
50
*82
19%
60%
45
84%
82
82
*19%
84% ;>■■
'*19%
19%
19%
19%
*82
60%
*
*60
f
14% *
:
*13%
14 V*
*13%
137k
13%
•
13%
\
•
-
4
*3%
13%
13%
*3 V2"
:>
*18
19
*18
19
2Va
2Va
2Va
*1%
*2
1%
1%
7
7
3%
54%
Deo
10% Dec
10 Va
Dec
20 V4
Jan
July 22
1%
Deo
4 V*
Jan
16
t,
3
15
3%
37/a
3%
3%
56%
56%
56 Vk
'
59 Va
13%
13%
*.3i/a >
*2
White Rock Min
120
*109%
*
28%
17 Va
121
*103
47%;.
*47
49
1,000
Wilcox Oil Si Gas Co———
1,800,
1,400
Willys-Overland Motors
6% conv preferred
2,400
Wilson & Co Inc——
:
3%
*3%
■
•
3%
2%
-'i
3%
3%
*56%
57%
57%
'
■;s
*19%
r
*47%
94
*85
94
53%
*52%
'
53
20
20%
*
12
*100
''
20%
12 Va
*118%
20%
12 V4
120
-
12
.
> 12%
*20%
12%'
*118 Vt
93
*53
53 *>:■'
21%
21%
•!.
12%
120
^
j
12%
*118%
1
47,.'":
49
V>
'■■j
21%
' 12%
'
!
t
6%
6%
6%
6%
800
30%
30%
6%
30%
6 Va
30%
30%
32 Vt
5,800
83%
83%
84
84
83%
83%
83 Va
*83%
84%
*8%
8%
*8%
8%
14%
14%
14%
14%
14%
15 Va
2 Vs
•Bid and
2
2
asked prices; no sales
r Cash
sale,
s
Special sales,
2
8%"
this day.
x
8%
14%
14%
15
2%
2Va
2
2
on
8%
8%
15 Va
2
8%
15
*2
180
89
Nov
107Va
Jan
113% Jan
9
112
Mar
117%
Jan
Feb
6
18
104% Jan
2
>16% Jan
3
88
Dec,
_15
104% Apr
1%
4%
8% Jan 28
'
Dec
'
;> 2
Feb
Feb
15
Deo
0
71
Oct
105
Jan
Jan 28
118
Dec
141
Mar
25
5
81% Jan
127
9
July
l'/a May
1 31% Nov
24% July
*2
19% Feb
-
24
5
Oct
297k July
4'/a July
18%
Sep 23
29% Sep
•
107
Dec
■
Jan
29% Feb
31% Jan
2
8
27 Va
,18Va
Aug
9
108
Jun
34% Jan
36% July
3
Mar
27% Apr
2,000
15
3,800
Zenith Radio Corp—
1,300
Zonite Products Corp.,
Yodngstown- Steel Door——No par*
—No par
.1
—
Food Stores, Ififi.
to 10 shares.
76
10% Jan
5
4% July 29
3% Jan 27
53
6
Jan
12
22V« Jan 13
2% Jun 18
15
1% Aug 12
l7/a Jan
47/a Apr 29
3% Sep 14
7% Aug 24
6% Jan 20
73% Jan
Sep 23
107% Jun
108% July
1
24
17% Aug 26
21% May 6
14% Jun'22
118% May 27
8% July
5% Jan
2% Dec
2%
Dee
41
Feb
84 Va
18 Va
Dec
26% July
2% May
Jan
1% Dee
l'/a Apr
3%
,2%
6%
Apr
4 Va
7
77
Sep
7
109% Oct
115
Nov
7
19%
16
85
Jan
3
Jan 26
47% Dec
> 57'A Jan 26
50% Dec
104.
Jan
15
Jan
0
'
62
86
Apr
50% Deo
15
21% Oct
2
; 13% Jan
14
Aug
130
July
73% Aug
75% Aug
122
July
80
109% Dee
5
Apr 23
28%
jlun
3
78
Jan*12
7
May 14
8% Feb
19
l%May 21
g Name
121
.
Jan
22% Jan
17 V« Jan
10% Deo
Aug 17
15% Jan
Jan
25% July
147
Dec
2
10% Apr 28
111% Jan
3
Jan
34 Va
Dec
Mar
Sep
33%
Deo
98
July 28
Mar
Deo
Dec
60% Dec
23% Dec
117
Jun
13
.
; 54
Jan
15'/a July
17% Jan
10% Deo
,125
107
9
Jan
3
Dee
29 Va July 31
!' 21% Jan 28
Apr 24
Youngstown, S & TJ
-No par
t5V2% preferred iseries A——.100
58%
4
Apr 17
15% Jan
6
Jun 23
To'wne Mfg. Co.—25
30% July
15
15% Apr 23
51
105
69% Jan 29
1% Apr 29
May
2
21% Apr
27 % Feb
13
58% May 9
12% July 21
12
Jun 25
40
Oct
120
Jan
12 %
Jan
37% Jan 13
29
Dee
42 Va
Jan
86
Sep
12% Jan
76
Dee
95
7% Jan 19
15 Va Sep
1
5
29
2% Jan 26
5% Dec
9% Deo
Aug
18% Jan
Bed
15% Apr
l% Apr
3% Oct
8
[
r
_2Qik
15% Deo
3% Jan 27
Apr 28
22
Mar 11
100% Jun
6
39
X In receivership.: a Deferred delivery,
b Name changed frdh» Union Premier
y Ex-rights,
fl Called for redemption.
tUnit of trading reduced from 100
Ex-dividends,
Aug
80
9
2Va
Jan
8
23
Jun
Preferred,—---'——i—.—100
Young Spring & Wire——No phr
6%
03 Va Apr
109
44
Yellow Truck & Coach cl B—1
30%
115
Jan
13 Va May 27
Aug 25
42% Jun 17
Yale k
!
8,59.0
120^
Dec
93
18
Prior
900
>30
23 Va Feb
Prior
300
6V4
83%
10
1% preferred A———IOO
6% preferred B—————-100
pfd. 4Va% series
;—100
pfd'4% % Conv series...100
Wright Aeronautical—^.^—No par
Wrlgley (Wm) Jr (Del)—No par
100
30%
•
————10
Worthlngton P & M (Del)—No par
V
6%
30%
,
No par
Woolworth (F W) Co————
.
1
93v
54
Woodward Iron Co.
'
."I
~
"49'
93
•
112
■
*46
'
—I
10
$6 preferred
—
No par
Wisconsin El Pow 6% ,pfd——100
330
'
6%
84 Va
stock,
20%
20%
*118% 120
*100
'
49
93
52%
:
47% " ,r
7,400
>
30%
8%
*2
94
52% ; 52%
•
i
.j
30%
8%
*83
112
*47
•
*90%
"
12%
•:
*45%
•
" 49
*47
49
47,%
■
18%
121
*1131
.
200
28%
17
121f
*100
112
*45%
-16%
:-
i
18
28%
28%
16 %
116
18
6%
*6%
30%
49
*52%
^118% 121 Va
>118% 121%
f'
47%
*85
53%
20
12%
12 Va
110
*45
28%
*113
121
*109%
'
18%
*17%
16%
*113
116
•109%
~
18%.
28%
16%
17%
*103
47%
116
;
200
106%
99%
.
1% Apr
5
■
3% ;
*55%
57
28%
28%
115
*45
106
1%
*55
121
*47
95
:
28%
*16%
1
7 Va
>17%
*113
No par
COTp
1%
*109%
121
Spr Co
$4 conv preferred
No par
Prior preferred———
20
7 Va
116
*103
115
*52%
17
"
*113
*45%
*92
287/a
*16%
>
18
—
1%
18
*109%
18%
28%
28%,
*16%
*113
116
*18
18%
18
—
7 Va
2%
Deo
8
Jan
preferred——'—100
Wheeling Steel Corp.———No par
$5 convprior pref—i
No par
White Dental Mfg (The S S)
20
White Motor Co
1
White Sewing Mach
■:>
22
J&h
Aug
July
300
'
Jan
104
65
1%
2%
27
36
Apr 27
102
May 1
_21_
97
Sep 16
12% May 9
2
Apr 28
4 Va May 20
% May 18
112
7
:
191
Apr 25
41 Va Apr
100
1%
*2Va
9% Sep 17
7% Aug 28
34
Deo
7 Va
2%
t
Jan
Apr
Aug
300
♦
74%
60
f
19%
65% Mar
85
45
*18%
3
Jan 22
:' 3%
19%
[
Feb
70
93
3%
*18%
j
25 Va July
.
2,500-
2%,
;
16% Mar
July
j
*2
>
6
80
conv
•
*37%
•
20% Jan
.
Apr 18
13%
■>;
;
"•—'!
38
50
13%
2 %
■
—
;
300
45
...
Aug 14
I
*37%
May. 18
.
*. 5Va %
1,500
:
♦109%
Prod.—
No par
preferred————No par
14%
4
■
60
3
6
Sep
-
45
$4.50
*13%
^>
21% Oct
Wheeling & L Erie 'Ry Co——100
7Va '•
»;
*55 Va
3%
54%
.
14%
WeStvaco phlor
~io
■
20%
19
*2 Va
.
1%
7%
19%
■
180
1%
2%
1%
7 Va
19%
;
45
'
19
l7/a
84%
60 !>->
2%
*37%
7%
*82
*13%
-
37%-
*3%
'
2
45
:>>
1%
:.
r 14%
13% >13%
4
2
*35
2Vs
*7 Va
,
*13Va
'
45 "* :■
*59%
59%
59% *
>
19
*40
84%;
>:
18% >19%
14%
45
' •
*82
' 84% ;
*82
60
*13%
45
*2
19
2Va
'
♦35
2'/e
45
18
>
j
*40
45'
;
'
>3%-; 3%
*17/.
;
60
60%
*13%
*37
*40
*40
50 -f: > "
*40
,
Telegraph—100
No par
Westlnghouse El & Mfg
—
50
1st preferred
—50
Weston Elec Instrument—.—.12.50"
,
600
J
'
*40
-V-
Union
Westinghouse Air Brake
330
•
I
26%
26%
v
107%' 108
107%
Western
6,600
116
27
1073/a
7,700
3.800
T 4,800
118
'
•
preferred
—...—100
Auto Supply Co....
-10
Maryland—
———100
4 % 2d preferred—.—..——100
Western Pacific 6preferred—.100.
Western
I
1%
15%
*25"
26%- 26%
*107%
6%
15%
*115%
27
-">•
27
108 7/a
*107%
6%
••'■1%
•
28%
72%
"
116
*25
27
*26%
-
107% >
■116
1%
Pap-Co—Nn^iat_
Western
900
700
|
28 %
'
-West-V&-Pulp -&
1,400
2%
15
72%
71%
>; 115%- 115%
••
230
147k
2%
28%
15%
27
26%
*
*107 %* 10874
28%
15%
>
*
6%
14%
6%
-
-43%-
-1
class'A—-N,o par
preferred
—————100
6% preferred—
100
West Penil Pr Co 4%% pfd
100
*967/e
>
2%
2%
•
•'••
28%
,72%
*25
27
<3 26
*96%
*
15 %
116
116
116 Va
13
28 Va
v
72
.72
*115%
13
Indies Sugar Corp—
7%
•
1—100-
m
mrvr "TT
99
*967/«»
*12%
West
100
*53%
53%
H
1
—
Feb
0
14
1% Jan
Eisenlohr
West Penii El
80
230
53%
*96%
.,
53%
1% July
% Dee
—
27
••••'•
2,200
!
Sep
Dec
pen
9
Jan
59 Va May 20
|
-
2
5
,
Jan
11%
No par
}':
77
-
-
17
12
$4 conv preferred..—
>
.Jan
19
Feb
13% Feb
13% Jun
200
9
6%
2% Feb
Sep
23% Jan
17% July
!
41%
63
Feb
15
63%
26%
25
No par
9
1%
Apr
8
Wesson Oil & Snowdrift—
40"
Dec
8
600
63%
Sep
Jun
%
39% Jan
<
83%
•
-
Sep
6%
26% July
16
40%
;
63
63
53%
53%
;
9
874
9%
t 40
40
*61
Sep
15%
Deo
13%
% Sep 24
July 14
Webster
-
8%
*40
*61
2%
8
25
100
•':>•
Aug 13
Aug 20
26% Jun
V
;
Jan
36
2
'2%
69%
Jan
6 Va
1% Jan 29
2
16%
*68 Va
105%
Dec
Jan
16
69
'
=>
Jun
3
25% May
X12H4 Feb
78% Aug 24-
-
'
•
Jan
21% Sep
1—
Warren
•
% Jan
14
Apr
22%
% July 25
24% Aug 21
6% Aug 14
27
XG5~- May
par-
9%
Dec
96%
2
4
17
4% Apr
...5
Dec
5
16
4
Feb
wmmmm
5
4% Jan
39% Oct
22
% May
16
Mar
102
;
•
■
6%
15%
7% Jan 17
18% Sep 29
% Aug 13
Receipts —
$3 preferred
Preferred receipts
•
19
3% Apr-23
31% Apr 17
13% Mar 23
par
IWarren Bros Co-i.-—
300
15%
97% Jun
•
100
Bros Pictures———
Warner
Apr 23
>2%
15%
16%
a.—.>■——
preferred
1,
'
■
>'—-$3.85 preferrad—.—
110
13
16
-
Class" B—n
7%
i:
!
.100
Co__.—L__—--L— No par
21% July 2
6% Mar 25
>
16%
2%
16% •!
*
20
15%
16%
*2% V 2%
•
70
>1
13
16 V4
>16%
16%
>
15%
13
.*12%
13
;;
,
25%
25%
xc
: 2,000
25
25%
:v *15%
16 ^
1
24
<
Good & W Ltd— .No par
-No par
Div redeem preferred
No par
Ward Baking Co cl A
10,700
,%
25
*25
,25%
%
23%
;
24%
par
Walk (H)
1.000
4r-
76 >•/>•
%
*iV
*23
'
•f
6Va
7K
—
-
*23
23
*
"
'
5%
5%
76
*%
%
*23%; 24%""
25
;
25
5%
1
*%
.
.
t>
22%
•-*74%
Walworth
j 2,000
ill
22%
*%
>■
24%
23
25
*24
11
1 tf
22%
-*74% -76—
%
*%-
*23%
24
*%
227b
1
*%
>
%
Va
*22%
>24
-
*
>:
24
'
1
'*%
>
'
:
*%.
■
~
14
23%
,
5%
5%
-*74% •70.
5%
70
*74%
76"
>74%
*%
5%
23%
.No
'4%% preferred with warr
:
*3V4
>22%
H
23%
5%
14
23%
Walgreen Co——i.
1,400
•
'
23%
Waldorf
>
No par
System—i-———
200
900
4 Va
4
-
38%
*15%
16%
*3% >
4
>
100
Wabash RR preferred—".
7,200
■
■"
"
*98
"
25 V8
7'/a
18 %
24%
*99
4
24
23%
changed front General Theatres Equipment,
nN#4
,
*
"
1
iiutabUdajk
'
"i
(,./i
.1'
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1216
Bond Record
FRIDAY
"and interest"—except
ere
The italic letters in the column headed "Interest Period" indicate in
BONDS
New York Stock
Fridey" Week's Range
Last
or Friday's
Interest
Exchange
Sale Price Bid & Asked
Period
Week Ended Oct. 8
Low
Monday; October 5, 1942
«»
for income and defaulted bonds.
the week; and when outside of the regular weekly range are shown in a footnote
NOTICE—Prices
:
U^A-P*
<•
uAliwik**
nJibijjai tUSMk't^aA^.i».i..ia.»f*-»u*u.
each case
WEEKLY
-
YEARLY
-
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 occur. No account is taken of such sales in computing the range for the yean
V
the month when the .bonds mature,
■ i■'v
; !
:
V
*
*.
1
/
,
BONDS;
Sold
January
Low
No.
High
Friday
New York Stock Exchange
Interest
Week Ended Oct. 2
Range Since
Bonds
Period
1
,
Week's Range
or Friday's
Last
Bonds
Sale Price Bid & Asked
High
Low
Range Since
January 1
Sold
No.
High
Low
High
"
V.
S.
A Colombia
1947-1652
114.21
106.21
106.26. 108.27
('■
"108.29
108.31
108.30
110.8
-
"101.29
101.31
102.21
104
102.21
;
•''
3%s_.
1946-1956
MS
Tree sury 3%s_.
1943-1947
J-D
.
.____.___1943-1945
A-0
el02.18
1944-1946
A-O
Tret
*ry
3%s_.
Trea i try
3%S-„
•
.
■
—
..
,
C102.18 e102.18
Treasury 3%s..
..1949-1952
—1946-1948
J-D
-.—1951-1955
Treasury 27/bS_. ^.————^.^1955-1960
MS
.—1945-1947
Treasury 23As— ,1—..
........1948-1951
Treasury 2%s_.
—
U-S
M-S
Treasury 3s.....
1951-1954
108
110.8
109.5
110.28
4%s
107.29
110.17
Sinking fund 5%s
109.22
109.18
U
•
105.4
105.9
106.9
"107.11
107.13
107.16
107.2
108.31
108.15
"108.30
109-
108.16
109.20
108.16
,
.1945
J-D
"104.21
104.23
104.31
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/
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95
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i960
For
s
1961
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footnotes
see
*page
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1955
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1979
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..——1978
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66
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AWarsaw
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—1940
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1978
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1958
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i
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48
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.1951
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—1960
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1928
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19
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1962
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13
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48
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r'
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1950
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s
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1962
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,
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1969
....
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105.21
101
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104.27
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1951
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:;
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45
106
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1942
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v
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;
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a
29
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..1945
18%
4
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27
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.
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1950- 1952
—..1949- 1953
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:
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110.18
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109.31
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1949
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Treasury
1 %s
25%
•n %
109.25
"108.26
J-D
Treasury
'
loan 4%s
external
APublic
107.30
108.6
108.28
108.8
—
-External
*
1958 •1963
Treasury 2s__—•
—
110.29
107.4
1—1960- ■1965
2%s_.
Treasury 2%s—
Treasury '2 % S-7 reasury 2 Vis..
Treasury 2VisTreasury 2%s~
Treasury-"2 Vis.^
Treasury 2 VisTreasury '-2Vis .
Treasury 2V'aS—
Treasury 2%s__
Treasury 2% s_:_
Treasury 2%s__
3s
108.14
109.14
"105.2
U-S
...
Treasury
3%s*
107.7
110.18
J-D
..1956-1959
107.9
106.30
109.18
U-S
....
Treasury -2%s_.
Treasury 2%s_.
Costa Rica (Rep of) 7s.__._
.1951
•Cuba (Republic of) 5s of 1904._._-_1944
External 5s of 1914 series A™._1949
"110.5
..
*■''■":
"27
:
M-N
A
103.20 -105.20
"110.15
"107.7
J-D
Treasury
24
"106.28
J-D
Treasury 3%S.. ,_;fc_-u___-_1946-1949
2
103.24
103.24
..
.
A-O
/
104.20
—
J-D
116.2
114.14
ni4,18
"106.18
A-0
Treasury 4s__._ £.-...........1944-1954:
Treasury
Mtge Bank 6%s
1947
ASinking fund Is of 1926
:-1946 J
ASinking fund 7s of 1927.^^.1947
Copenhagen (City) 5s
1952
25-year .gold 4Vis____i__
__1953
Government
Treasury 4%s_.
57%
60%
41%
47
4%
7
3%
7
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
Last
Interest
Low
Stamped
Adams Express coll tr gold 4s-i._«_1948
Coll trust 4s*of 1907—c
:—1947
•
1st
Power
1st
63
Cart
62
Celapese Corp 3'As debs——
81%
92%'
92%
*89'/a
—^——1950
A-O
1950
A-O
Alleghany & West 1st gtd 4s—1998
A-O
7; 64%
deb 5s_
.-—2030
Amer l G Chem conv 5%s——I
1949
Am Internat Corp conv 5'/is——.^1949
American Telephone 6s Telegraph Co.—
ft: Foreign Pow
Am
:
,?>
7:
.
56 Va
77 56 77,56%:
49
68
A Ref & .gen
.—1959
A-O
AChatt Dlv pur money gold 4s_.1951
A Mobile Div 1st gold 5s———1946
J-D
100 »/a
59%
:
104%
-7 93
63%
€ -A
90
-
60
....„
47
59 ;
106 y8 108%
'A,,*-. 5
99% 102%
50
3
24
A;;A,A7
42%
55
99% 100%
96 '
14,
93% 100
33'A
23
23
62
19'A
63'A
51
45%
63%
144
10%.
20'A
.
6%
:7 7».V
,7
18%.. 20.
•
7 V4
■■
.7%
*16%
!
8
3
1
/■/■■V:
33%
3
120
28
28
i
59
7%
>•/6VB
A 7;
1'
8;T
15%
28'"
11
18%
J-J
70%
,//
J-J
21%
•
J-J
105% 108%
Of N J gen gold 5s
registered—
4s
18%
101
*100
.
34
60%
108
99 % 101
,
100% 106'/a
68
104%
7
J-J
'C-a
M-S
;;7
106% 112
104
.
*101
av
*111% 7-7:7;
"•
*111%
_
82
81%
83'/«
71%
7
20
■
19%
14
13%
r
108%
107
93
73%
91
Af-N
84
84
84
Jlf-S
91
68
13
57%.
;
.
83%
62
7
■
/"'*
A
'
——1950
M-S
(1938 issue)-.——1950
deb 4%s
-'V;
,
U-S
AA'
'.a''-.
■
Chesapeake .& Ohio Ry--
73 '/a
..
4.
78
29
91%
58%
•
80%
./
95 y4
105
1.7.7 •A
: 105%
91%
*103%
102% 104
..
.
.
104% 105 %
A A;'. A
\
93%
1992
1996
M-N
1996
7
M-S
94%
F-A
101
A:
.49
:
A.
104'/a
1946
1989
J-J
110% 112'A
1989
J-J
109% 111'/a
1949
130
130
:
A-O
77 7
.
8
A'"'*»«*
'•'(: :_•_•
100% 104%
■•A A
-.-'A-
••
*114
-
117% 121%
1187/«
;
"'•'•■^
^
22'A
22%
130'A
100 Vb 104
42
*ii8y2120%
^^7.
.
126
30
7
7
103% 104
7
A. il-.A
•
...
130
7103 VA 104
"H;.
A-'.-7V'V7r«A
J-J
.'97% 100%
■
AATk«A\
91
-
,
„
A 104'/a
101
7:7/77
*101
103%
.A•
••'
■
12%.
'»
•'
56
88'A
5
17
.-
A'
A-A A
57 Va
87%
'
5
27-,
104'/« 104 Va
:>■//_■• 7- 7A
1
J-D
J-J
AA;7,
93'/a. 94%
,104
F-A
gtd gold 4s_1949
Champion Paper & Fibre—
-S f deb 4%s (1935 issue)i
100% 106'A
43
93%: ;93%,7 Ax7
;
19
*108%
A-O
A-O
S f
>
*15
1962
.44.
Certain-teed Prod. 5,'/as A—u——1948
,
59
'
111% 112
18%. 19%
F-A
.
Ill 71
22
19%
14
..
69%
.
i
A
701% 102%
75
.7 13%.
1Q7
gold .5s——.C--1&60
§ ACent ral RR & Bank'g of Ga 5s—1942
47'A
7 7: '■ ■'
;
62%,
148
19%,,
• •
Guaranteed
87
77' 169
_7..;.
144
21%,
18%
Through Short L 1st gtd,4s—.^1954
103'A 106%
2
102% :
7.1%
20%
■
.'.6
;
63 %"
..
.102,
102%
,>•
AAA:A-,:2'
70
110% 112%
19%
—.i——1987
registered
Central N Y Power 3%s_i.-
109 V*
100
'.*112-
AGeneral 4s——,-.—1987
105% 108%
106
A-O
.-1987
.1987
jACentral
101 »/a
93
22
47 y4
62
7
■
>102%
J-D
A L 1st 4%s A——1944
95 VB
77
32%
7
J-J
1966
1st gtd,- 4s.—1961
t ACent New Eng
101% 104'A
53
93'A
47 »a
A.-
?,•; ■
J-D
1st gold 5s——1946
5s series C—
Central Illinois Light 3%s_—
74%
122
105% 105%
•
——1955
«
81%
.
"105% 108%
27
100% 101
'
A—1960
Atl & Charl
60
Central Pacific 1st ref
-
1905
Atl Knox k Nor
A-O
30
99%
107% 108
gold 4s of 1910
1st & ref 4'/as A—+.1962
99%
105%
95 Va
M-N
1959
238
75 Va.
104. 7 7.77 15
99%
<
101
A-O
Trans-Con Short L 1st 4s__.——1958
A:7
62%
ARef & gen 5yas series B
11
103 :
99%
/
Nov
.M-N 77 7-94%;
J-D
._1995
,.-—1995
—-1955
6
101%
50
F-A
1945
|AConsol gold 5s——1945
/
General 4s„—-—1995
Nov
59
;-A
>
mtge 5s_———
64
AAA 7 9
73%
:
Jan
Q-J
; ?; M-3 :
V
F-A
J-J
•
gold 4s of 1909
A 1st
41
103% 103%
7106% 107 y4
4s—.
76%
51
107% 108'A
MQ7'A
.
72%
.
"
J.-D
M-S
Adjustment gold 4s—-—
: -
1
64.'%
64'A
75
.•
Cal-Ariz
i
1966
Atchison Topeka k Santa Fe—
6
99% 100
50
100
33%
13
107% 107%
>
.
,
108
•
*100
J-D
38
■
52
107%
Flee 6s series A-,-1975
AAnglo-Chllean. Nitrate deb
.—1967
fAnn Arbor 1st gold 4s——
.1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour ft Co (Del) 4s B—w~...,.l955
ist sink fund 4s series C (Del)-1957
Conv 4s of
'
107%
.JrJ
.M-N
Conv
d49
-
.A-O
Conv
63
72%
A-O
Aih Wat Wks &
89
62
89%
103
fCentral of Georgia. Ry—
5s
Founders'conv deb__i_„1950
Stamped
Celotex Corp deb 4'/aS w w_———1947
ACent Branch U P 1st gold 4s—1948
92
: ,v
——'.1956
94 Va
108
1Q8
i
F-A
J-D
90
78
61
:
7
Tobacco Co deb 3s——1962
Type
> 71%
72%
—--———1961
debentures
93%
.
'
*57
M-S,
.J-J
85
90
?
F-A /
M-S
M-S
M-N
J-J
7
7
88%
%
■A'''.':--7/'
M-N
1962
232
93
89
89'/a
modified—-.
debs
•1951
Aliis-Chalmers Mfg conv 4s_.——.1952
11
92%if-
:
,
Allied Stores Corp 4'/2s
15
,
High
108% 111%
93%
7'H
;A-0
' A-O
5s
•
.i—_1965,
Corp 5S w w—1950
& Adir 1st gtd gold 4s—•—.-1981.
54
J-D
debentures.—
Carriers & GCn
71
99%
70'A
■
J-J
Carolina, Clinch & Ohio 4s_
104% 106%
55
-——11949
3'As
tJACarolina Central 1st gtd 4s—1949
103 sV 103 y8
10
;
.
65
modified—.—
3s conv
106'/a
94
J-J
12
105% 105 Va
98%
•'
January 1
Low
61
98%
■
J-D
•
4yas_—————1960
66
5s
Amer
trust
70%
M-S
gold 5s——1954
111% 111%
•■■■'
Range Since
Sold
No.
High
100%
102
*59%
F-A
debentures
trust
Collateral
'•'■■■77
J-J
1944
*59%
modified-..-.—.-.—i-.—-...1944
3 'As
Coll
98 '/a 101
i
1
103'A 103%:-
•
*106
trust
104% 104%
1
101
*104'% 104%
i
5s
Am
5s equipment trust ctfs
105% 105 Va
J-J
3^s registered.^-—^-—-—--—-1946
Alleghany Corp—
income..——
Coll
62%
A-O
;
,
Albany- & Susquehanna RR 3'/aS—1946
A5s
72%
44%
A-O
Albany Perfor Wrap Pap 6s
-—1948
6s-with warrants assented____„ 1948
>
65 Va
:101
J-D
mtge 3V2S—.1972
deb stk perpetual——
4%s—————i—-1946
J-J
49%
Bonds;
,
Sale Price Bid & Asked.
J-J
,71 m
100 Vz 101%
>
101
105 VB
Last
s
.Period
.
Can Pac Ry 4%
J-D
4s-spries B_——v._-i»^_1943;%'■ J-D.
cons
Interest
>
:
Northern Ry deb 6%s—.1946
49%
49 Ti
F-A
10-yoar deb 4y4« stamped--—.—1946
Ala Gt Southern 1st cons A 5s_—1943
,
Low
*68%
J-D
J-D
M-S
—1953
—
Week's Range
or Friday's
Friday
Exchange
High
:7;
$A5s series A unstamped
Alabama
Low
Stock
Week Ended Oct. 3
;
.
Canadian
Paper—.'.-
jAbitibi Power &
A
January 1
No.
High
New. York
•
Range Since
•
Sold
-
and Industrial Companies
Railroad
.
Bonds
Friday's
or
Sale Price Bid & Asked
Period
Week Ended Oct. 3
BONDS
Week's Range
Friday
BONDS
New York Stock -Exchange \
'
1217
22%
114
-
296
65
114
23%
,13
Chicago Burlington & Quincy RR—
112
"9
103% 103%
Illinois division-
100'A 103%
3%s____-aA——19.49
J-J
A. 93%
93%
..*91.%
95%
85:
93 %
90
90
91%
96%
61%
93%
J-J
97
•
1st
30-year 8s series B—-——--1944
—.1964
General' unified 4.'/as
103
J-J
M-3
,
Atlantic Coast 1st cons 4s—July 1952
83'/a
"
J,V
33'/a
J-J
J-J
7:
Atl Gulf & W I SS coll tr 5s——1959
J-J
A 7
mortgage 4s
Atlantic Refining
/
deb 3s—-i.——-1953
57%
3'/as registered.^
85
66%
104'A
188
t
Illinois
4s
I/7,
•'
72%
5f-s;
63%
73
ist
F-A
40
■
7
100
:
11
102
A:
AGen
•
mtge inc
Chicago ft ENe 1st gold 5s—.——1982"
106
J-J
B
,———2038
J-J
(
i
■
?■:.
52%
62%
60
207
54%
v
Ref & gen ser A (int at 1% to ■7'7'77
Dec 1 1946) due—1995 7
* J-D
Ref ;& gen
ser C
to Dec 1 1946)
'
(int at 1 '/a(U
<
due—..-1995
;
30
30'A
:• 29%
254.
24'A
39%
A
33%
J-fl
;
33%
123
34
28
.•
D (iht at 1% to
* 7; >,;7'?
Sep 1 -1946) -due——.-.—.2000
M-3
7,; *
M-3
H,r24%
F-A
t
.,>
>'
Pgh L E & W Va System—, .v
' "
Ref gold 4s extended toi.—1951 ;
"M-N
S'west piv 1st M (int at 3%% •'•>7;7
?
:' to Jan 1 1947) due———..1950
A J-J
Toledo Cin Div ref 4s A_
-1-1959
j J-J
?
'
■
134
24%. 39%
.
18%: 42%
271
" J-J
J-J
5s_—.1943
508
45
"
" 46- "-
'
4s—.1—1951
istamped—11 —A———-1-2951
gtd 3s__1989
Beech Creek extl 1st gold 3Vas—1951
Bell Telep of Pa 5s series B
—1948
1st & ref 5s series C_.—
-I960
Belvidere Del cons 3 Vs?s——1943
Benefipial Indus Loan 2'As——1950
Con ref
•
'
'4s
2%s
Beth Steel 3y2S conv
A-O
J-J
'■■A."
48
61
49
60% '
45
48
:
:
72%
9:
128% 128%
8.
83%
104% 108%
,127 Va 130%
100'A
20
97
13
18
100'A
21
102%
27
-
98
99%
96%'
98
r
Boston & Maine 1st 5s
98% 102
V 101
AC_
—1950
—1967
Bklyn Union Gas 1st cons gold 5s_1945
1st lien; & ref 6s series A_.—_i_1947
gold 5s———-—1950
1st lien & ref 5s series B-—--.^-1957
Buffalo Gen Elec 4y2s B——1981
Buffalo Nlag Elec 3Vas series C—1967
Buffalo Rochester & Pgh Ry—
Stamped
modified (interest at
3% Ho 1946) due
-'——.-1957
Debenture
.
:
>
1
74
89%,
*70
•72
38%
18%
A-O
4%
>■'
*
.;
series F
..AMay 11989
f? 1
..Jan 1 2000
adjustment 5s.
A"
•' 'A* "A"; 'A-
•
v
.'M
-108 %
-
.
: 103
—.—1987
Railways
M-N
M-N
F-A
*5%
79
5s
A;'
f;:
A;
of
14
27'A
-A
43%
100% 106
68
*
82 VB
:;7:72i-'7. 7: 98% 108
10
72% 88%
77 7" 3
*
■
77;
*■
■
'■/'■
3
88% 105
A> 113
M-N
"l952
36%
22
367a
33
A *TWf
198
10 VB
12.
10 VB
11%
233
81%
81 »A
81%
24
59
60 '/a
J-J
A-O
A'-A, -.A
80
:
A-O
■-'
;_7
/
7 80
5%
12
5%
J-J
108%
July 1969
gold 5s
—Oct 1969
gold 5s————1970
gold 4%s_—
_1955
gold 4'/2s
—1956
gold 4MiS_;
,_1951
J-J
108 Va
Guaranteed gold
Guaranteed
Guaranteed
Guaranteed
Guaranteed
Guaranteed
For
footnotes
5s—
see
page
1221.
.
•
79 Vb
78
83%
53
50
70
_
•
J-D
^
M-S
107%
•
♦'
•
5101,-/:
33%
32%
2
34% »
A12
20%
:>
:
33%
34
22.
32%
22%
7f
.
•80
35
25
33 V\ I 34%
33%
35%
36%
r
34
■■
35
23
:
23
26
22%
36%
V
22%
35
356
34%
V
60,
34
34%
35%
42%
40.7. 42
111
23%
25
239
14'4
23
24'4
296
A 13%
24%
24,'4-
284
14'A
24'A
-c-7':.-
,
.,
26
..
.
i
25
32%
54
18%
3.405
9%
18%
17%
20%
1,052
10%
20 Vb
>774%
5 VB
19%
4
H Income; guaranteed 5s..444Dee 1/1960:
ACertificates of deposit—
.
107 y8 107%
24
85
109%
/
1%.
68
5%
8Q
66%
54
47
55
64
'49 Vi
50
468
71
■
53%
.
59
68
50
45%
54
;
50
'■•**-
—1952
J-J
108'A
108
108'a
101% 101%
27
99% 102%
•
1st & ref 4'As series D———1962
—4——1943
A-O
—4.1957
fAChoctaw Ok & Gulf cons Ss_4_—1952
4—1966
96
26
92%
-798%
98%
9 8'A
16
94%
%
407/«
43'/a
40
36
50
7; 41
41
-1
39
49%
7: ,27
29%
25
108% 109 VB
8
A-O
M-N
95
96
M-S
mtge 3 % s. 4.4—444...——1967
105% 103%
42
101'%
J-J
FrA
7 43
-
29%
108%
Cin Leb & Nor 1st cons gtd 4si__.1942
.
*111
J-D
17
96%
99%
29 %
106% 109%
109% 111
•■-7.4;
102*/b 102aa
"M-N
-M-N
*109%
II
108'/a 110%
*111%;
F-A
110
pieve Cin Chic & St Louis Ry—
,
99
*99% 109
J-J
112
99%
.
71%
:
.11'A
i*78
46%
47%
J-J
...
64%
47
7 64%
107
J-J
Cleveland & Pittsburgh RR—
General 4'As series B
-
,
71%
7 65
10
157
47%
5-
*477
64.%
107
76
85
-.
:
,
-
•'
.:.
7
5
86
42'A
85'%
53%
'44
•=
-
-•
7
52%
64
74 Va
104% 108%
;
,.1942
A-O
gtd—....
—1942
Series C 3'As gtd.___..1948
Series D 3'As gtd__.
.——1950
A-O
112
108
.105
.
'
7
32%
31 Va
#?-
107% 112
6
■
'
*61
J-J
M-N
10
4
7-^.'^
••.v.#
•—
Sp L, Div 1st coll tr gold 4s_4,4--1990
V-* O OO
OO
78
A^-.:
A. A -'
-n
18%'
18
1,224
'-J/
J-J
104% 108'A
.
*70
—
-
Chicago Union Stauon—
"
A;
1st mtge 3%s series E__.
—1963
1st mtge 3y8s series F_—44—-—.1963
J-D
.12
112
•
'■
r
J-D
108Va
*110% 110%
5'/a
;
M-S
.4.1993
104
108
j
7
5s—4.
59%
31V#
J-D
Chic & West Indiana com 4s
I
..
/;
29%
J-D
:"J-
•3%
■
a x-
16%
Memphis Div 1st gold 4s——1951
;
•?
32%
Chic T H & Southeastern 1st 5s___1960
/ft''■
1%
A 40
18%
.1—4.1960
Debenture
?:•:
v":
•
J-J
M-N
gold 4'As
787
3%
3%
3%
:7.-'::::,2*52/7./56>
F-A
General 5s series B——-4——---1993
6
108 Vi 108%
F-A
32%
32%
A.' 'A1' *<"
M-N
General gold 4su—
14
112
F-A
4%
23
81%
79 Vb
79 Va
111% 112
A-O
1%
724%
63'A
A
.103% 108%
,
1,310
44%
11%
18
:
108'/a 108 y4
"
A-O
gold 4'As——1957
4'A
:••'
25
„A : h. -/■
.
Canadian National
18%
3%
-
29%
Clevelsfnd Elec Ilium 3s————4—1970
California-Oregon Power 4s—
1966
Canada Southern cons gtd 5s A—1962
53
8%
:
Ref & impt 4%s series E4
1977
Cin Wab & M Div 1st 4s——1991
,1960
53
53%
34%
J-D
1988
mtge,gtd 3%s series E——~1969
Clearfjeld & Mahoning Ry 5s_*_-—1943
'
,_1955
Consolidated
48%
34
34
78
41%
',
.
M-S
ChUds Co deb 5s—4
'
A-O
32%
•64-
•
1.983
■.'77/24%
7;A;A •
114%
110% 110 %
—,
11%
-
47
7.111
18%
J-D
J-D
109%
29%
100% 100%
12
-
44
43%
.
deposit..—
1st
7
70
33 %."51 'A
115
-.*i
41%
•:■■;
-a:
76
IBurlihgton Cedar Rap & NorA-O
11
•
A 16%
% •:
351/4
J-D
gold 4s.———..—1934
1st
36%
43-%/
44%:
38'/»
/
•
J-D
75Va
66%
45
107.
: 96%
7114% 114%
.A'
M-N
10'/a
7%
56%
34%
M-N
§ A Secured 4'As series A.ii.—.1952
•
/
;
'
M-N
Cin-Union Term 1-st gtd 3'As* D.*.1971
7- —"
.■■7:7
■7'V 34% '•■
M-N
Chicago St L & New Orleans 5s_—1951
,
Gold 3%s_
——.——1951
97'A
..7:-A;.; >
>6%
•
stpd
:•
.
18
102%
80%
97 'A
34
,5 •
67%
'/•A 34%
M-N
——1949
1st
Cincinnati Gas & Elec 3'As-
1934
V
>
aA'O
AConv
SI A
18
-
-103
102
7:^7, A":
-J-D
1
74
A
-.i
; 102%
"J-D
'
*
M-N
part/paid——.i!927
$ A Refunding
,
26%
24%
102'a
36
26 %
16
9%
43%
■
33%
M-N
t A Chic R I & Pac Ry gen 4s
4
213
'108% 109
103
.
M-N
.-..—1987
..1987
....
4s_j.__;
ACertificates
39'/s
*100%
AT-N
28
36
' \
•
4s
25%
:
,105
74
:
5,
72%.
38%
•
27
74
71%
M-N
-
75
89%
75
38
68
^
<9
42%
44
.
•
A-O
-J-J
M-N
F-A
-Af-N
-F-A
RR..-'—-.-I960
A Inc mtge 4 V? s ser A———July 1970
JABoston k N Y Air L 1st 4S——1955
Bklyn Edison cons""M 3'As———i-1966
Bklyn Union El 1st "gold 5s———1950
1st-mtge1 4s series
44
F-A
fSAChicago
101A 102%
*102%
F-A
'M-S
-M-N
-
.—1961
gold 434s series JJ
103
J-D
series II—————1955
/1st M.5s
J-J
4%s
AConv 4%s series A
'
!
—..1944
45
30%
/
102% 105%
•102
102%
,
*102% 105%
14
100
,
99 %
97
102% 103
103 H
J-J
F-A
A
44
registered..
.1987
AStpd 4s n p Fed inc tax..—1987
AGen 4%s stpd Fed inc tax....1987
AGen 5s stpd Fed inc tax..
1987
A 4'As stamped—.
.1987
§ASecured 6'As
—1936
A 1st & ref gold 5s.
..May 1 2037
A 1st & ref 4'As stpd
May 1 2037
A 1st & ref 4'AS C
.—May 12037
a;
98%
v
J-J
AGeneral
v'-
t.
Big Sandy 1st mtge 4s——
Blaw Knox 1st mtge 3!/as
1st
-
47
85
f^5%ibd
102% 103
99
102%
A-O
debs——1952
Vis series F——1959
Consol mtge C"i series G——1960
Consol mtge 3'/is series H
—1965
■
.
A-O
Consol mtge 3
13
;
H
60
104% 105
104%
J-D
60
59
*78
H
J-J
*'
59
;
/
J-D
A-O
debentures—..-1956
2
*44
59
'J-J
;
Battle Creek As Sturgls 1st
May 1 1989:
s; AGeneral
gold 3'As
■■A * 3V2s registered—
;-.;f43% 53% \
99%
99%
;
68%
33
JChicago & North Western Ry—
34%. 48%
;i?2
39%: 40%:
99%
■
series E__.
-P.
■
Bangor 6i Aroostock RR 1st
J-J
AConv
'•
115
,/.n 45%
'46
34%
61%
61
31%
r 29%'.
43%
J-J
May 11989
.
JChic Milw St Paul & Pac RR—
•AMtge gold 5s series A..._-....1975
v.;:;
;
.
..:
'"-J"'
49%
V 39%
80
vi
■
*
'
'13
41%
May 11989
series C
AGen
-
24%':'39;: ^ A
*112
29 «A
•t'
'
•
29-Vi
29-%
-;:23% '"24%'
29%
,
.7
v
29
29%
at 1% to
Sep, 1 1946) due——.:—...1996
.AConv due———.
u—Feb 1 1960
33%
66
43%
J-J
AGen gold 3%s, series B
A
Ref & gen ser
-■'
)
J-J
AGen 4%s
-
'
:7 Ref ft gen ser F (int
A21
-.9 'A
AGen 4 %s
-44%
•
38%
■<iii a,,
3~9
J-J
tChicago Milwaukee k St Paul— >
AGen 4s series - A
...May 11989
„
:
-
>
•
•A
29
M-N
21
116% 123
67
30
29%
...
72%
A :
65%
'
:
"
31%
J-J
1947
.1947
A 1st & gen 5s series A
———1966
A 1st & gen 6s series B—.i_May-1966
Chicago Ind & Sou 50-year 4s._—.1956
-Vv?
*>
59%
59%
202
58%
J-J
ARefunding 4s series C
57%
63%
7.717
32%
;
94%
7
773%,: 83%
204
37%
J-J
ARefunding gold 5s series B
Ohio RR—
58%
-
91
'67%
;
65%
A 37'A
Ihd & Louisville ref 6s AA_ 1947
f A Chic
gold 4s——July 1948
; A-O
Stamped modified bonds—
;7;7;y/.-7 V77'
v
1st mtge gold (int at 4% to
7
^ v
;
/
Oct I 1046) due——July 1948
A-O
63
75% AW*
A
66%
AGen inc mtge 4V'ss
..1st mtge
v
1
66
88
4.♦L'w,
A 32% ..- 31% 32%
: A'4'.: A. *117% 118
J-J
.-1997
(conv).—.
Chicago Gt West 1st 4s series A_—1988
Baltimore &
i-
75'/a
'
104% 104% :
'
F-A
f
"79% '
Chicago & Eastern 111 RR—.
33 A
95% 100%
y<:
1971
66 Va
■i
'
1st'& ref 5s series A——A—
'
25'A
BAi..——..1977
& ref 4'As:series
94%
78%
"79 %v
27
96%
*93%
registered.———————1949
General 4s_—1958"
;
'/..A;, 13
7;77 5
29'A
.^1949
—.1949
4s
94% 19213
:
304
.
33%
29'A
•100
-A'
-
:
71 ya
1
Division
.30'A
116
T.
'
7 33'A
1:7/
US
63% "
102],V10213
>. 72% 7V
...—1948
Second
74
-
102
M*tt~r"
M-N
Atlantic 6s Danville Ry 1st 4s——1948
A.
101
186
85
/ '62'/a
63%
.J-D
"10-year" colt tr^s——.—May 1 1945
L ft N coll gold 4s.—.—Oct 1952
>7-. 11
103'a,
"
85
F-A
*106
110%
General 4y2s series A___._——1977
F-A
*105
J-J
*105
103% 109%
103% 108
.
Series B
Gen
3'As
& ref
4'As series B__
Cleve Short Line
1st
—.1981
gtd I'As—1961
7105
M-N
A-O
68%
68%
108
108
105
108
107T
69
24
63%
83%
THE COMMERCIAL & FINANCIAL CHRONICLE%
1218
Monday,-October 5, 1942'
NEW YORK BOND RECORD
Stock
Exchange
Last
Interest
-v
;
or
Low
^
1977
A-O
J-D
F-A
A-O
103%
f
s
series C
Coal River Ry 1st gtd
Colo Fuel & Iron gen s
92
1970
1st extl 4s
;
^
66%
Hocking Valley Ry. 1st 4 % s————1999
Hoe (R) Co 1st mtge__——i—.1944
t§AHousatoriic Ry cons gold 5s_—1937
103'A 103%
'
92
■>•.
,108
15
:
256
Houston
28
33%
May
109
■:109
61
mm
Illinois
i
109%
106
y
*109%
F-A
108'A 110
/
:
-
v-
debentures—-—1946
debentures^.—1948
debentures————1—1956
debentures——
--—1958
3'As
3'As
Power Co—
7%'V.
2'As
—;
f debs——1955
s
receipts——-——
ACuba RR 1st 5s gold
——1952
ADeposit receipts—
——
A7'As series A extended to——1946
ADeposit receipts——-——-—A6s series B extended to——_-1946
ADeposit
ADeposit
36
80
20
37'A
23 »A
109'A
109'A 109'A
96
107%
.7
V
/
:
109%
gold 4s—_—__1952
.7—.
-1955
1935
lines
3 'As_—
1952
37% V:;V
.
Dow
Ry 3'As—.1962
East Tenn Va & Ga Div
Ed El 111
(NY)
30'A
1956
El Paso & S W 1st 5s.
5s
*
=
58
cons
Div
1st
81%
81%
18
57
57%
~6
53
Wt
43%
44
18
40
46 (A
45'A
45%
25
39'/4
49 'A
50
51
30
43
54
95
79
79
63%
56
64%
,
J-J
71
57%
J-J
F-A
J-J
J-J
51
J-J
.
F-A
63 %
58%
49
.
57
83
58
57%
:
'
30%
50%
260
45%
111'
81
82%
23%
23%
40%
52%
.'37%
47%
66'A
82%
19%
27'/a
A-O
104% 104 %
A-O
102
102%
9
102% 105%
99% 102 »A
A-O
101% 102 %
58
99'A 102'A
tAInter^Great Nor 1st 6s series A.1952
J-J
35%
35%
A Adjustment
33
A 1st
30%
5
36'A
A 1st
23'A
16
58"
93%
"1
6s. series A_._ July 1952
51%
27%
A-O
26%
27%
452
11%
29(4
4%
4%
4%
215
B—————1956
J-J
26%
25%
26%
210
11
27%
J-J
26%
25%
26%
34%
207
11%
27%
217/a
39
5s
series
——
Cen/t-
Ame? 1st 5s B.^—^.-1972
lien a ref
1st
103'A 106%
101'A 101%
323
;
108% 108%
gold 5s series C_
1956
Internat Hydro El deb 6s—._—1
1944
Internat: Paper 5s-series A Si B_7_1947
33
86%
;
*108'A 110
39%
23'A
.
15
91%
57%
49%
44%
-
.1952
Int Telep
6 %s———7—1947
&\Teleg
deb gold ;4'As_—1952
Debentures 5s__—————1—-7-1955
61 'A
j
A-O
34%
33%
J-J
1%
111'
5%
103% 103'A
M-S
M-N
104% 105%
90% 101" V
35%
59%
38% 61%
*91
•
F-A
13
103'A 105
*91
F-A
J-J
8
104% 105%
104%
59
59%
189
58%
61%
98'*:'";
83
94%
;
57
61%
288
1%
2(4
31
t A Iowa Cent Ry 1st & ref 4s_—1951
106
~4
;
J-D
50%
50
50 »A
33
43
53%
J-J
94%
94
94%
28
93
97%
A-O
84%
84
84%
A-O
65%
60%
65%
626
40
65
61
65
192
37%
65
56%
64%
65%
74
2%
:r-
%
2'/4
7
104% 106
104
M-S
James Frankl & Clear 1st 4s——1959
106(4 107%
106
7 20%
7 21'A
22
851
10(4
22%
23'A
127
10%
23'A
F-A
4%
4'A
4%
37
-3(4
v
3
3(4
19%
J
.
,
18'A
6%
•
.
'««•_».,
'•'.' '
-V
78%
0
111% 111%
%;'•;
32
32
7
83(4
18%
19 "~7
83(4
83(4
,
109
33
101% 106%
::'>
'
•
% 111'A
3
:
32
13
■
"17%
2
•
102% 102%
•'•>'•
K
Kanawha, & Mich 1st gtd gold 4s__1990
t§AK C Ft S & M Ry ref gold 4s_1936
ACertificates of. deposit——_——
Kansas City Southern Ry 1st 3s„_1950
"
1
80 Va
102
9
110
95%
26
'
31
.7
jPlain,,—
108% i:0% 7
*105
108
•102
102
*149
154
*101
•104
;
101%
7
67 %
A-O
1st
7
63
62
103
14
104'A
58%
70
56%
'A
82
6
97
86'A
93%
45%
56%
J-J
'72
63%
41
731
'
16
110% 110%
—
*41
89
7—1961
J-J
*90
95.
J-J
'108% 110%
:
!:
3
110% 111%
49
*84%
'
56
'109% 110%
1997
7-1954
ref 6 'As————1954
—
,*84%
A-O
*161
7 40(4
•
•••
"..
•'
w
80
'••
7—-*'
■•7
~5
7 •' 1
M-S
107
107
•
'
,
100% 101
M-S
86
84
170
106% 106%
M-S
43'A
90
83
:
103% 103%
,
:/
90
7_
J-J
J-J
88
77 65%
: • 1%
101
106%
105% 106%
1
7 103'A 107
10
1%
98
10
:
102
7'77 %
-
1%
62 7
214
J-J
72%
109
—1961
———'
unguaranteed—
&
J-J
J-J
J-J
Koppers Co 1st mtge 3'As——1961
Kresge Foundation 3% notes—-7-1950
tAKreuger & Toll'5s ctfs———1959
*
99% 100%
8.
68
67'A
155
lsr4s-r—_i___i960"
Kings County El L & P 6s
Kings Co Lighting 1st. 5s_—
.
99'A 103
150
/ 104 7
A-O
109
Apr 19.50
5s_r_—
Kentucky Central :goid 4s__7—7—1987
Kentucky
Ind Term 4'As———1961
Stamped: 7-7—7—-7—_7_19.61
•
15%
:
110%
impt
Kansas city Term
28 ~~~
103%
V';.-
<■' 28
Ref &
40
106% 108'A
108 'A 108%
*25
104
A-O
77
'
C
19
1961
,
21
-
>104% 104%
87
108% 112(4
*4
110% .1H>%»
104%
Steel 3'As—
.
*87%
110%
& Laughlin
Jones
5777
3%
,11'A 19%
3% •" 77:i;v:
l'A
.v/; 240
19%
*6'/a
/
1 %
168
,
•
108%
67(4
v
"
J-J
1947
M-N
3'As—i—.1971
mtge
91%
54 77:
J-J
.
M-S
92
54%
53%
♦103%7'Li- 77
*96% .97%
.
—
91'A
U
106
95
Gas Light
Laclede
Coll &
Coll
108
ref
J-D
1961
*106% 107
105
3%
.
107'/a
A 1st
97
97%
67 (a
67 (a
1
58
67(4
72'A
72%
22
57%
73
;■/;:•■ 16%
19%
420
8%
19%
17%
7'A
17'A.
M-N
1943
J-J
1959
J-D
72(4
1974
M-S
19%
67 (a
29
88%
98%
.
7
4 Va
M-N
7
4'/a
'••/•
3%
4%
'.
1956
1956
;
7
J-D
7;
M-N
...
82'A
72
51
72
J-J
97%
97%
6
95
97%
88
2(4
5
1%
100,
■
4(4
82%
9
69
4%
102%
• 83 '
7
}
to_
gold 3'As____1997
J-D
1997
J-D
5s
5s
t A Georgia & Ala Ry 5s_
Oct 11945
t«AGa Caro & Nor 1st ext 6s—.—1934
.*116
96'A
J-J
31%
Goodrich (B. F)
lkt 4'As
1956
Gotham Hosiery deb 5s w w___—__1946
J-D
Grays Point Term 1st gtd 5s——1947
J-D
;
97
26
94
1975
Dec
mtge Income reg
18
14
21'A
31%
10
20
*93'/a
■7
39
95
93% 105'A
"'-I--« '
•"
:
*94%
;
.
•
J-J
78
87
75%
80
72'A
84
47%
48
35
48%
A-O
M-S
77%
25
78%
75
75
*
93
.93
;
93
•:
v
79
18
70
80
4
79%
91%
96(4
6
SOli,
67
2
•
67%
80%
s7-K7i
99% 100
*83%
F-A
75
*83%
1974
F-A
72%
84'A
*71'/a
F-A
80
:
94
75 V-':i'
72%
■
...
7
—i,'
'
—
7
:
Jm ^
■
12
73%
72
"■
80
72
85%
58
70
58
72%
9 7
73'A
57
*72%
71 Va
58
73
Lehigh Valley RR—
V
4s: stamped modified——-—.-2003
registered-—_7——2003
stamped modified——2003
4JAs registered-;---———*-2003
5s stamped modified-;.——-—--2003
F-A
46 %
45
46'A
41
42%
51
J-J
52
51 Va
52%
177
48
53%
M-N
32%
32%
32%
26(4
37%
31 %
31%
4
26
36
M-N
34%
34
35'A
167
29
40%
*33
35'A
29
38'A
32
46
4s
■
—.
4'As
Northern 4'As series A
90 'A
31%
,104% 105'A
105
M-S
90%
*82%
J-J
stamped—17———1954
ref sink fund 5s——ir—__1964
stamped_„7—v——-—___1964
stamped—u7————--1974
Leh Val Harbor Terra gtd 5s_——1954
Lehigh Valley N Y.4'As ext.——1950
98(4
19
31%
19
17'A
97
J-J
100
%
*70%
.
5s-
"
J-J
98
,
Ltd—
1st & ref sink fund 5s
J-D
1947
Lehigh Valley Coal Co—
; •
5s
stamped.
—777—77—.1944
1st & ref sink fund 5s__——.-1954
1st &
Gas & Elec of Berg Co cons 5s__—1949
Gen Steel Castings 5 'As—
1949
;
89%
"
45
•(
4%
*101%
190
Lehigh & New Eng RR 4s 4___i.___1965
Lehigh & N, Y 1st gtd gold 4s_____1945
"
•
5
90%
90%
Lehigh Coal & Navs.f 4'As A____1954
Cons sink fund 4'As series C____1954
JFonda Johns & Glover RR1982
99%
F-A
-
■
'
;
99
87%
87%
registered-.
Lautaro Nitrate Co
17(4
jAFla Central & Peninsular 5s..
A-O
F-A
Lake Erie & Western RR—
97'A
3'As
1956
1945
1953
D7. _7___.1960
extd 5s
5'As..series C
& ref 5'As series
Lake Sh & Mich Sou
197
1961
J-J
,—1952
J-J
—___1973
J-J
91(4
90
88
General 4'As series D_—
—.1976
General 4'As series E„______1977
General mtge 4s series G
_1946
97%
J-J
82%
82%
83
23
79%
89
Leh Val Term Ry ext
J-J
83
81%
83
45
79
87%
Lex it East 1st 50-yr 5s
A-O
116
J-J
963/a
96
96%
93%
99%
Libby McNeil & Libby 4s
:
1955
Liggett & Myers Tobacco 7s——1944
5s debenture^————.
—1951
J-J
105% 105%
110'A 111
9
F-A
121% 122%
7
Little Miami gen 4s series
M-N
*99%
A-O
104% 105
M-S
*94
General 5'As series B_;
General 5s series C_
&
81%
J-D
Interlake Iron conv deb 4s—_—1947
5s extended at
Great
38%
Inspiration Cons Copper 4s—
25%
,
no7%
M-S
1995
M 4s series
Y & Erie RR extl 1st 4s
Ohio
1
48(4
275
33%
22
7
AGen mtge inc 4'As series A—2015
N
60
45%
37%
30
A107%
106
J-D
Erie Railroad Co—
1st
55%
M-S
23%
7,
—1965
.
50
48%
55
44'A
Ind Union Ry 3'As series B———1986
Inland Steel 1st mtge 3s series F__1961
28
6
■
,105'A 105%
>— -101%
J-J
stamped—1965
39%
57
47'A
55%
94%
Int TRys
105',2
M-N
,—1970
46%
23'/a
■
38
91%
A-O
:
1950
Elgin Joliet & East Ry 3'As
49%
45%
23%
30%
A-O
J-J
1st cons gold 5S——1995
Elec Auto-Lite 2'As debs
53%
39%
38%
F-A
•
81%
7
36'A
J-J
1948
1st 5s._
48%
42%
10
M-N
J-J
30%
36
>A-O
Atl gold 5s—1937
1st M 3%s———1965
Ry Minn Nor Div 1st 4s
M-N
92
123
444
90%
4'As
East
52%
47%
44'A
J-J
1st ref 5s
-A--;:7/v-7-7-'■
Ind 111 & Iowa 1st gold 4s—
,_1950
$AInd & Louisville 1st gtd 4s„___1956
99'A 101%
H
30%
M-N
M-S
7' tS AD'ul Sou Shore &
Duquesne Light
65
•
46%
J-J
86%
86%
77i.';;7.7•'
107% 109%
•
31
32
*36
J-D
4'As—1961
Chemical deb 2(4s_——1950
Term & Tunnel
Dul Miss & Iron Range
47%
84
86
51
52%
;
92%
90
90
26
31 Va
—
J-D
——1995
:
*_
A-O
M-N
50%
34%
30
37%
M-S
"A-O
M-S
J.-D
Detroit & Mackinac 1st lien gold 4s 1995
gold 4s
99% 102%
45%
A-O
J-J
B—Apr 1978
gtd 4'As-—1947
F_—7——1965
ret mtge 3'As series G—1966
ref 3s series H_J————1970
ASecond
12
48%
'7/%7
M-S
J-D
F-A
.♦
Edison 4s series
Detroit
101% 101%
*91%
J-D
J-J
JADenv & R G W gen 5s:——Aug 1955
AAssented (subject to plan)——
1
8%. 21%
'36'A
*86'/a
111; Cent and Chic St L & N O—
108
J-J
J-J
fAConsol gold 4'As———1936
&
174
*86/8
106
2
31%
M-N
J-J
J-J
Gen
20'A
A-O
series A———_1963
8
:
4s„_1943
Light 1st 4'As—1971
& ref 4'As—-—1969
1st mortgage 4'As—————1969
t§ADen & R G 1st cons gold 4s—1936
Delaware & Hudson 1st & ref
Gen &
45
118% 120%
:
\;
m-
1st & ref 4'As series C—1963
91
J-D
Delaware Power &
Detroit
35%
1
17
J-J
Springfield Div 1st gold 3'As——1951
Western Lines 1st gold 4s.
—1951
D
ARef & impt 5s series
V.
100
'
J-J
Joint
101
*33
J-J
J-D
jADes Plains Val 1st
95
;
7'
108% 111%
11
108 'A 109
108%
30%
—1970
Dayton Union Ry 3'As series B—1965
t ADes M & Ft Dodge 4s ctfs
■
',7';,
•7;,,
.><:
9
•
91
Dayton P & L 1st mtge 3s
;
44 (a
119
47(4
17%
7
7107% 107%
J-D
1st
102% 104'A
46'A
J-J
Ref sink fund 6s series A___—1955
,
43(4
119
108'A 110
110% 111
—
V
107
*109% 110%.
110%
101
J-J
deb——1955
26
•.
35%
''
—
receipts-——-——
23'A
„
94'A, 95%
;
J-D
§ A Cuba Northern Ry 1st 5'As——1942
Curtis Publishing Co 3s
94'A
A-O
J-D
——1950
f debs
s
Crucible Steel 3'As
35%
<*35%
-
M-N
M-N
M-N
.M-N
M-N
1967
mtge 3'As_.
;
-1970
mtge 3'As—:——1966
mtge 3'As—;—.
——1969
mtge 3'As
1st
35%
1
28
98% 103
61% 91%
5
•
^
0
mtge 3'As—11—————1965
Crane Co
101% 105%
•9
'
■*
J-J
J-J
5s————1960
Coal s f
1st
1st
103
106%
105'A 108
33
35%
J-J
1st
1st
14
104'A
105
105
103
104 'A
v
23
;
1
Collateral trust gold 4s__—__1953
Refunding 5s„——1955
40-year 4%s_—
—1966
Cairo Bridge gold 4s————,—1950
Litchfield Div 1st gold 3s
—1951
Louisville Div & Term gold SV^S-J^SS
Omaha Div 1st gold 3s—-—-;
1951
St. Louis, Div & Term gold 3s——1951
Gold 3'As
—1951
106'A
104
107'A 107'A
105
A-O
.7
—-,—1951
Purchased
102% 104%
32
,104% 105'A
J-J
4s—^_—1956
'ADebenture
-
1981
—
J-J
.J-D
4s_—-i——1955
ADebenture
Consumers
;
deb 4s__—1954
Ry non-conv
Consolidation
r
6
103 «A 103'A
A-O
A-O
1951
Consolidated Oil conv deb 3'As
J A Consol
Central RR—i
Refunding 4s
108% 110%
__
W
gold 3'As___^——-_—.7—1951
Extended 1st gold 3'As___—
1951
1st gold 3s sterling.—_—t—i—1951
Consolidated Edison of New York—
3'As
2%s series A
1st
Collateral trust
*109%
44%
46%
!
-
*110(a U9
J-J
J-J
High
122% 127'A
,4
:."'"•
91%
103% 103%
•.'v):
I
A-O
Riv 1st 4s_———1943
L 1st & ref 4'As
—1951
& Pasump
Low
5
103
,
90
•
-
7 77
35%
21
28
:■-•»'
J-D
M-N
-r''
•
108% 111%
109'A
: i:
108%
■'<
*111% 111'A
J-J
MfN
102
91%
A-O
'•••
35'A
series A—1962
1st. gold 5s__—_^_1949
1st gold 4s—u-——
Stamped gtd 4'As—*.———— i—-1951
Conn River Power s f 3%s A
1961
3'As
s~f 5s
———1954
AAdj income 5s___——Feb 1957
"
Co Gas
Illinois Bell Telep
33'A
No.
109
,
J-D
mtge 3'As series I—
—1968
Conv debs 3'As———_—1958
,1st
Conn
debs
F-A
106
9/;
"
January 1
High
:
Hudson & Manhattan 1st 5s A——1957
Commonwealth Edison Co—
Conn Ry &
Oil 4'As
Hudson Coal 1st
78% 101(4
Range Since
Sold
126% 126%
J
-I'.':-A
■■7
Hudson
102
109
■
108'A
-
j
(126%
A-O
84% 102
:
13'
-
*111
89
J-J
■M-N
85
124
87 (A
108
■
79%
•
H
101A 103'A
306
26%
92'A
85%
F-A
Mackay Corp—
deb w w
Apr 1 1969
58%
2
*109
A-O
M-S
Commercial
Income
■
87'A
J-J
.1955
Columbus & Sou Ohio El 3'As
Columbus & Tol
A
25%
91'A
92
A«0
1st extl gold 4s__1948
71'/«
19
91%
26(4
M-N
Columbus & H V
63%
v
3
,
89
85
M-N
———Apr 15 1952
Debenture 5s—..————'—1961
!
84
75
103% 103'A.
88.
1980
5s
Debenture
61%
75%
Bonds
Sale Price Bid & Asked
Low
'
101'/a 101 .'/a
Last
<
Period
High
52
,
Week's Range
or Friday's
Friday
Interest
Stock'Exchange
Week Ended Oct. 3
'
':•> 68
G & E deb 5s——May 1952
& South 4V2S series A
AColo
Columbia
68'/a
61
61(4
4s___-____—1945
f 5s-_,;—..1943
5s income mtge—__.%_1970
1st
5s series B
Low
52
78%
67'/a
A-O
A-O
1st s f
High
New York
Range Since v.
January 1
Sold
No.
76 %
78%
SVaS-.——1972
gtd
1973
Cleve Union Term gtd
Bonds
Friday's
Sale Price Bid & Asked
Period
Week Ended Oct. 3
BONDS
Week's Range
Friday
BONDS
New York
Gen mtge 4s series H——__1946
Gen mtge 3%s series I—_——1967
A Green
A
Bay & West deb ctfs A——.
Debentures
Gulf Mob
ctfs
& Nor
1st
1st mtge 5s series
B
—.7———
*108%
101
-
r
"
100% 101
20
.91(4
^
162
95%
95
95%
55
92%
97%
74
74%
31
69'A
79%
"
Feb
7_ ';
Feb
60
:
11
A-O
92
A-O
60
■; 3
10%
11'A
91%
92
87%
■
87%
68%
68
AGen mtge inc 5s series A—
Gulf & Ship Island RR—
J-J
53%
53%
53%
ref
Term
M
5s
For footnotes
see
1961
—1969
1221.
J-J
A-O
M-N
.
:
.
*90
101% 101%
*110%
A——1962
7%
9
89%
95%
86
92%
38
-
66%
74'A
Long Dock Co 3%'s ext to.7
—1950
Long Island unified. 4s„_7_—
..1949
Guaranteed ref gold 4s———1949
'4s
stamped
7—
,.7.
:—1949
32
46
59
Lorillard
deb 7s—7_—1-1944
93%
101% 105
—:—.—^^-1951
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3%s7—;
1966
109% 111
Lou & Jeff Bridge
|
'.
92%
M-N
38%
A-O
58%
A-O
110'/
38'A
58%
39 Va
70
58%
18
116
51%
61
1
114
117%
15 :
104
106
110% 115
121% 123%
105 »A 105%
—
65
11
5s
stpd—___.1952
page
57(4
5s———1951
gtd
1965
71
69
&
'
11
J-J
Gulf States Steel s f 4%s
Gulf States Util 3'As series D
-
74
Gulf Mobile & Ohio 4s series B—1975
1st
21
J-J
,—1950
2015
105% 108%
98% 105
'
J-J
C——_1950
5'As B
—J
CP)' Co
debenture—.:
Co gtd 4s—;—1945
98
7
102% 105
'7
91%
96%
M-S
97'A
98%
16
92
98%
M-S
98%
98'A
55
91%
98'A
A-O
110% 110%
2
110 'A 115
F-A
119% 119%
2
119% 122'A
J-J
80
80
80%
M-S
109'A 109'A
M-S
*104% 105%
'
19
1
—■
77%
84'A
IO8V1 110
105
106
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
156
■■
■
-
Interest
Exchange
Oct. 2
Week Ended
Last
or
Asked..
Low
&
ref
5s
&
ref
4V2s series
ref
&
1st
.
Unif mtge 4s series B
1946
New
.
.!
;;
i». L
M-S
v
&
Ry joint
;
—
'vV---
•
J-J
M-N
,
>
82
York
V ';
;
•
series
A
4 %s
series
C
.1978
M-S
1st
to—._L .1947
80%
86 >/a
7
mtge 3 Vas extended
debentures.,,
6s
„
;
105
108Vk
N
Y
Connecting RR 3l/2s A—— .1965
104
106%
N
Y
Dock
1
80
]
,
I
,.
84
Conv 5%
,
,1945
J-D
84%
86
,
22
l
J-D
.47%
v.yl
85
1960
sink fund—Feb 1 1957
A Manila Elec RR & l<t s f 5s
./1953
"
.
4s
mtge 4yaS series A
3y4s series D„._.... .1965
Manila
79
91
!
•
*11
M-N
(South Lines) 4s—11959
RR
*30
M-S
western 1st
gtd 3%s
Shovel
Steam
&
Gas El Lt H & Pow gold
.i
-
85%
46
55%
43%
1
•
53%
n
Stamped
--il';
i!
(Stamped mod)
ext 5s—
McCrory Stores deb 3%i
I960
1950
Wat Sew & Drain 5'As
AMet W Side El (Chic) 4s
Merop
•
95
101
112%
112
A-O
*70
63%
105%
107 va
8%
F-A
8%
4%"
3y2s_—
3'/as
deb
4s
deb
4s_
1951
M-S
3%s..
—
1952
Ref & impt 4 %s series C.^
1979
Michigan Consol Gas 4s———1963
f§AMidland of N J 1st ext 5s._—1940
J§AMilw & Northern 1st ext 4y$s__ 1939
A§Consol ext 4y2S
-1939
M-N
J-J
s
deb
__
59
a-o
J-D
59
...
J-J
141
■
M-S
100
40
41
>y p
J-J
J,
M-N
1949
M-S
68
45%
9%
79
2%
3%
31
% 2%
13
!vi
■
'
1.
1938
—1938
int—1938
stamped
1.
$ A 1st cons 4s
consol 5s
§ A 1st
§Alst stamped 5s gtd as to
14%
5y2s
A25-year
Y
16%
9%
16%
3 V'8
2
V
i/y'i
J-3
Kansasy& Texas 1st 4s__,.._ -1990 1 %
'
j-d
••":-
!
42
41
..
1940
'v
;S
•
-x. •
37'%
39%
38%
37%
38%
137
19
39
-t:
37%
39
134
19%
40
35:f4
36%
19
37%
1927....1967
48
268
23'/a
48%
58%
60
27
40%
61
87B
9
9
41
3%
9%
266
21%
44%
73
87%
43»%
•;»••
41%
43%
y4
85%
86% ,1
7%
J-D
7%
'
.%•
m-n
1954 V
'46%
:
...
"■>
m-n
22
86
i'1
m-s
30
7%
220
2%
38
4 Vb
_^li—
.1955
J-D
2a«
A-0
'
1st cons, gtd 4s_j....1993 ;■
43%
2%
43
44
8%
1%
;
9
Vo
2%
39
48%
1965
El Lt & Pow 3y2s
m-n
..
Y Telephone
*106Vb 108'/a
106%'
106%
J-J:
35%
35%
*16%
12%
87
.!.
87
104%. 107
17%
11%
109% 111%
.1
36 y4
1937
V-;
.
F-A
i:
m-n
..1
::1":;!! 87
J-J
J-J
3'As series B—
-1967
ISt 4%S—,-1946
*110
7'/a
108%
110%
102%
8'A
109%
M-S
A-O
M-N
1st 5s A—1955
deb 5%s
1950
1
;/
f-a
Falls Power 3y2s—:——1966
(Md)
.1
•••„'■
p J "J,, -p'-
.1963
.
*110%
■
v,
J-J
1958
Rys prior lien 6s stamp—
Steam Corp 1st 3y2s.
1
—1
,
;
.
•
102%
r
l(i
103
107
7
107
29
38
14 Va
18%
23
15%
4
111
8%
109%
111
104
9%
75%
93%
108
3%
108%
109%
101%
110%
8%
109%
111%
104
—
370
16
7
18
Norfolk Southern Ry Co—
1st
•"•
4 %s
mtge
72
72
j-j
...1998
series A
2
69%
74%
292™
21%
34%
23%
29
72
"
r
4
•
-A Gen
f-a
RR 5s A
1961
Norfolk & Western Ry 1st gold 4S-1996
Q
1-32"%' 34%*29
.
••
•
•
o-a
!
i)
103% 103'%
f-a
102% 103
124% 128%
7
125% 125%
: '
"•
f-a
1.—il949
North Amer Co deb 3%s__
*"34% "
a-o'
mtge' 5s conv inC—__——2014
t§ANorfolk Southerp
44%
30%
Vyl;45
37%
18%
2
a-o
v;
1957
4s
Niagara Share
!
6'/a
••
39%
20 Va
36%
48
Niag Lack & Ont Pow
ri
67--—.
-
:
96% 100
*98% 100
v
41 %
.
.
19%
36%
J-J
4s
Putnam
Niagara
' 2%
%
60%
-
A.
1st 5s__I
t A Missouri-Illinois RR
Mo
9%
5%%
■
30
36 y2
1948
6s
'
>
y
2
■*'
38%
36%
36%
gold 5s
..1.1.'. 1940
1943
!' ATenjiinal 1st gold 5s_.__
16
'.
66—66%-
-•
-
64: r"
103 Va
Va
J-J
;
N
i5y4
5
~2l;
1949
—
.
series B—-——1978
-Alst & ref
38
~-
m-n
§AGeneral
Va
16
?
59
54 Va
36%
's
J-J
1937
2%
9%
15%
14%
16
ref 6s series A————1946
&
Alst
14%
.
52
100
..i,
■
1
36
a-o
t§AN Y West & Bost
15%
—
: '
.1956
3V2s
HAN Y Susq & W 1st ref,5s
v; §A2d gold 4%s
9%
%
&
Y
N
JMinn St Paul & Sault Ste Marie
V-.f
10
'
N
': 4
1%
44
59%
'
37
6V4
.
i
Y
N Y Queens
30%
-
137
::: .2%
2%
9%
■
..(1
631:
18
34;;;:
119%
"
58%
■
55
58 %
-1:
.
.1956
...
A General
n
29
,!)••'
:'*l—V'O*'
'
3%
Q-F
\
/ f
-
66 !
30%
29%
30%
'!
67
38
>■:
5
•
116
111% 115
54
54%
■
JAN Y Ont & West ref gold 4s_....1992
104% 107
r
107 y4109
103% 104 >/8
! 1
1955
.....
4s
1st
96
53
23
29
59
*58
'('w: •
J-D
60-yr 5s series A—1962
ext
58
:
,
.1934
jAMinn & St Louis 5s ctfs
Alst & ref gold 4s
&
57%
7
"
Alst & ref 4Vas series of
70%
93'A
>106% 106%
106','a
69
7
98
58
M-S
JAMilw Spar & N W 1st gtd 4s—1947
f&AMilw & State Line 1st 3'/aS
1941
A Ref
*95'%
•'
'
,
70%
70%:
!■!! 70%
•
8
117% 118
!•,;
1954
certificates
ADebenture
Michigan Central—
Lans & Sag 3y2s
108% 108%
!
*
gold
83
106 '/a 108%
*111% 112%
m-s
§ACollateral trust 6s
4167%
6
■
.;
1943
X A Harlem River & Port Chester-
1st
65
71
51
m-s
deb
AConv
.,
Jack
60
4
108%
-
m-n
1947
deb
ADebenture
109% 112%
,15
-
1938
99 Vb 101
24
108
■■
■
m-n'
;■
1947
ANon-conv
95
103
'l:
'
4s
ANon-conv
104
75
■
m-n
2000
& Hartford RR—
ANon-conv
V*
v'y 15 1^
106% 107
M-S
,
20
64%
81
105%
;
F-A
.
deb
ANon-conv
'
104% 104%
107
100%
.
.
-1949
4s series A__....1973
1973
'
Y New Haven
IN
40%
lOOVa
15
104%
J-J
99%
'
97
il
"
69%
93
64
>
,v
108 v4
J-D
gold 3%s_.__.....
ANon-conv
1
A-O
1956
Metrop Ed 1st 4'As series D.li.
100
94%
Q-A
—1945'
1955
3%si.
Robbins
&
McKesson
100
12
r
98
'
...
.
.
5s„ .1948
NYLE&Wpk& Impt 5s
'
~-
30%
42
_
&
Lack & West
4%s series B.
Q-A
St Ry 7s series A„Apr 1940
§ A Market
*99 %
A-O
...
————
*23%
A-O
1947
Harlem
Y
Y
n
:
67 !*-:
J-J
—1941
...
f 6s
s
99%
83
58
96 % 100
80
,
—
t
a-o
Erie—See Erie RR
Y
Y
•UAManltowoc Green Bay & North¬
Marion
4
100 Vb
a
64
'•
A-0
1st lien & ref 3 Vis series E—. .1966
1
N
•;•!:■: ! 23
51% -.68%
M-N
100'
F-A
A-0
notes
N Y Edison
91 y2
108'/a 111%
,
12
48
Central RR 4s series A
Gen
A-0
-1951
-1947
gpld
Purchase money gold 4s—
Manati Sugar 4s
250
"
1st
N
Maine
71
—,
1. 53
y,
63
100
High
■
43
99%
5)9%
,
1
77
61%
100
,
J-D
....
101
5
1
109% 110
--
..'
76%
A-0
.
filJ/a
...
63
5 %s
Ref
,
91
77
Ref
,
Low
No.
,•
A-0
93 '/a
>4
Range Since
January 1
Sold
High
Chicago & St Louis—
98
104'/a
.
Bonds
Friday's
Low
84
1.1
,,
or
Sale Price Bid & Asked
High
104
.
Last
•
Period
90
4
Week's Range
Friday
Interest
Exchange
.1974
!V
109
%
91
.
Stock
12
,
K104% 104%
83%
;
1
York
Week Ended Oct. 2
,i
99
107% 107%
'
>
■
...
27
87
104% 104%
,
M-S
Montg 1st gold 4l/2s^. —•.1945
—•.1952
monon 4s
1955
Atl Knox & Cine Div As_i._.
Mob
South
v
%
■'
f-a
;
1980
2d gold .3s———
i
J-J
1960
ext
Paducah & Mem Div 4s
St Louis Div
J-J
1
mtge 3%s series a ext— —1950
Unif
81
A-O
-
45
93 Va
81 V*
A-O
2003
.._
%
93
V
92%
86%
A-O
D
series
4s
Low
N-o.
lOiya.',.
101
101
A-O
C_
ref 3%s series E__^—_
1st &
/.
New
series B..
1st
1st
Range Since
.../ January 1
Sold
r.
High
& Nashville RR—
Louisville
Bonds
Friday's
Sale Price Bid &
Period
1219
i
■
BONDS
Week's Range
Friday
BONDS
York. Stock
■
BOND RECORD
NEW YORK
New
■
100'/a 104
-
'
v
r
-—*-1954
Debenture 3%s
16
100% 103%
Missouri-Kansas-Texas RR—
1962
j-j
37%
3G%
: j-j
31 Va
30%
31%
j-j
.•"■■ 32 %
32
32%
Prior lien 5s series A—
adjust
ACum
...
;
a-o
21
36%
34%
46
20
33%
21
r:
108 :!
35%
7%
196
19% .21'/a
f-a
series A—Jan 1967
5s
24%
156
"37%
40-year 4s series B___._______
..1978
Prior lien 4%s series D
41
North Central gen
Gen
23%
Alst
V;.v-. v."-
of
ACertificates
AGeneral
Alst
*+*»+*
4s
of
ref
&
ref 5s series
&
36%
864
v
36%
1%
1,461. '
36%
8'/b
21%
.•V>
••
*35 %
w!
'•'■■'•
..
•'
3%
A-Q
2%
3'/a
:'i
36%
r
1M-N
218
1:
.
34%
36%
1
36%
36%
36%
36%
34%
36%
36%
24%
462
35 Va
16
36%
f-a
36%
15
36%
1981
I
3%
21%
'.
■,
registered—:
—1997
ry & Id gold 3s_—_Jan 2047
3s registered
1——2047
Ref & impt 4 '/as series A
2047
Ref & impt 6s. series B__ __——2047
Ref
36%
21
36%
Northern
Monongahela Ry 3V4s series B—~1966
Monongahela W Penn Pub Serv—
>
1st mtge 4'/Is
—I960
6s debentures
,.1965
Montana Power 1st & ref 3%8—1966
Montreal Tramways 5s ext—.—.1951
—
2000
Constr M 5s series A
1955
Constr M 4VaS series B—
1955
Mountain States T & T 3V4s—..1.1963
Mutual Fuel Gas 1st gtd 5s
.1947
Essex
&
Morris
gtd 3y2s
1st
92%
49
31
93
49
93
1st gtd gold 4s...1991
Moh'k & Malone
49
80%
A-0
109
103%
103
106
37%
53
2
42%
1st
Prod 3V4s debs
—I960
Prod 3V2S.——1949
Dairy
Distillers
3%s sinking fund debentures—1949
Steel
National
mtge
1st
3s_.
;„1965
62%
69%
105 %
104%
91
M-S
103
102%
35
100
100 %
100 Ve
25
yy,;.l._ :!■■
38
42 %
51
65%
430
54%
17
92
44%
54%
57%
69%
48
—2J
"54%"
*
.•>
.,1
59%
48
""
HI
—
•—
108
109% 109 '/a
1091a
;
*
59 %
—
109%
109% 111%
111
*101%
,
M-S
J-J
108%
102% 102%
■
,
.103'A
Line
Short
1st
107% 110
107
110
104% 104 %
102% 104%
F-A
M-N
101 Vo
101 >/8
101 Ve 103
105
105 1:
106% 106%
106
110% 110%
109% 112%
110% 110%
110 y; 112%
106% 107
104
110%
J-J
194§
.1961
1962
Oregon-Wash RR & Nay 4s_„
Otis Steel 1st mtge 4l/as ser A
102% 104'A
.
gold 5s__.1946
cons
108% 110%
108%
108 % 108%
*109 y4110
J-D
v,
1945
Guaranteed stpd cons 5s—
108 %
12%
106% 108%
J-D
.1943
5s
4%
12%
107% 107%
J-D
—1946
1st gtd 5s_
1st
11%
12%
•
.—1966
debentures.——1
Transmission
•
99% 100%
2"!
103
10
54
107 Vi
3%s
Elec
&
Gas
Power N F
Ore
103% 105'A
A-O
40
54%"
M-S
J-J
Oregon RR & Ngv con gold 4s_—.1946
44
J-D
M-S
45 >/4
64%
.
J-J
mtge 3%s
4s
'
Nat
—
M-S
M-N
mtge 4s—
1st
Oklahoma
111% 112%
67
67 1
F-A
:
39
49%
50%
65 %
,
.
73%
41
39%
—-.1965
mtge 4s
Ontario
Nat
78
66
42%
*70%
:
—1967
1972
46%
1st
Ontario
Nash Chatt & St L 4s series A—.1978
75
41%
—
42
F-A
& L Cham 1st gtd gold 4s_1948
Ry 1st 4s
1943
t § AOg
Ohio Edison
106% 109%
*112
M-N
^..1967
.1964
Ohio Connecting
31%
50
34%
109%
M-N
M-N
J-D
•
43%
35%
v
71;
82 ' r 89
35%
*86%
37%
27%
' '
'
J-D
68
74%
107% 112%
26
J-J
74 y„
111%
109
12
J-D
v
98% 104
4 : '-v'
■
A-0
54
27%
—
J7414
:
J-J
Tcleg 4V2S ext——.1944
93%
42
5
14
102% 103 %
103%
——2047
1st & ref mtge 3yas
Northwestern
4% ....July 1938
3rd 7s extended at
v
J-J
1st mtge 3%s
(Wise)
101
Power Co—
States
(Minn)
$§AMissouri Pacific Ry—•
.2047
series C-.—
5s
impt 5s series D
Ref &
36%
24%
imnt
fc
114
T*
':
.
Q-J
Q-J
V Q-F
Q-A
J-J
-J-J
_1997
lien
Gen
34%
:%;.%
249
A-0
—1 1;;1;:>
——
4s
.
:1 25%
'r
431-1:
deposit..;
Pacific prior lien 4s_
Northern
...
119
112
119%
*112
—
A-0
"
...-V'.;■ \ '
36%
21%
•'
of
ACertificates
36%
23 %
:
.
!.:i: 17
36%
34%
36%
of -deposit
ACertificates
:
'36%
M-N
G—Hw.
1949
gold 5%s
—...
—Aisfr-fc ref gold 5s series.H_^_ .=1980
'I ACertificates of deposit
Alst
34%
34%
••'36%
'
8 Va
36%
25%
•L —i';-
6%
8
21%
115
1945
gold 5s (stamped can¬
of guarantee)—
.1945
cellation
§1
'
A Conv
'
J
"
deposit—.
of
36% !
*35 %
,
M-S
•v
deposit—-
series
5s
■
M-S
ref 5S series F___.l._.
&
ACertificates
i
deposit
1975
ACertificates
Alst
—1965
A
ref 5s series
&
Alst
*115
—
,
guaranteed gold 5s
Alst mtge
''PW-P't-
Missouri Pacific RR Co—
-
!!<!
M-S
119
99
M-S'"
—1974
& ref 5s—
4% s series A—..1974
ref
&
-iNorthern Ohio Ry—
.J-J
.
106%
J-J
.
98%
J-J
.
102% 105%
108 y4
107%
78% 101%
99%
'
fANaugatuck RR 1st gold 4s_
1954
M-N
Newark Consol Gas
1948
J-D
cons
5s
1945
-1945
England RR gtd 5s
gtd 4s—,
—
JANew
AConsol
,
2
!3:;:
*117% 118%
i
90
93
117% 119%
r/'
68
69
19
56
76
66%
69
J-J
93
93
;;
'•
J-J
67%
35
56%
72%
Pacific
Coast
gold 5s__.
1946
Gas & El 4s series G~.
1964
j-d
1st
Co
i!yvii;v! !■;' 82%
*90ik
"1
j-d
Pacific
7;V^;{0V
113% 113%
noy4
110% 110%!:
■
England Tel & Tel 5s A.
New
N
J Junction RR gtd
J
New
N
,..1952
gtd 4%s series B__—
—1961
1st 4s__—.1986
1st
N
O
1st 4%s__.——_1960
Orleans Great Nor 5s A——1983.
& N E 1st ref & imp 4%s.l—1952
Orl
New
Pub Ser
& ref 5s
1st
New
& Light
Pow
A
series
*73
A-0
V
107
;
n-c
1935
inc 5s
.
107%
42%
#44 M
a-0
53
81%
44
il
\
,
ref mtge
mtge 3%s series H.
3%s series I.
ext gold
ext gold 4s. .1938
1st
v;
105
107'/a
81%
Ref
1
72
%
■' :>3 36% ■45%
i
41%
34
41%
5lVa
73
37%
52%
47
48
10
34%
49
51
50%
51
49
38
52%
48
49
26
39
49
1
i
48%
49
19
39
47 ya
48
11
52%
55
51%
51%
•
•
A 1st
5s
series
4%s
A 1st
of
1956
of
5%s. series
deposit-
-
'
f"-a
49
48
—'—.
—___1954
A
of
ACertificates
f-a
——
D___—-1956
series
A Certificates
Alst
.—
deposit
C
A Certificates
•'11
deposit
a-0
.
!
55
;
•
■■■•■'
■
•
49%
48
i
38
56
;
i
5
37
52 %
N
Y
Central
RR
4s
10-year 3%s sec
series
s
.
f
!
t
f gold 3s loan ctfs—
.1955
Paramount Pictures 4s debentun
165
54
53%
52
98 %
98
98
y4
%
43%
>.1956
1st
M
s
93
98%
!
i
a-0
46%
48
473
42
54 V*
,_2013
impt 5s series C
a-o
__2013
impt 4%s series A
&
a-0
52%
51%
53
304
46
59%
67%
375
49
Paterson
Trans
&
deb
6s
—^
Passaic S & E
Y
Cent
3%s
Lake
&
Hud
52
67
79'/a
li
?
!■
M-N"
67%
66%
J-J
74
73%
1997
J-J
—1952
River
3%s
registered
Shore
coll
gold 3%s
—1998
F-a
*61%
*
Pennsylvania Co—
■
,
4 '
-
Cent coll gold 3%s
3%s registered
Mich
For
footnotes
see
page
95 vi
84%
94%
94
2
3
109%
109% 109%
-I;;'::,-:;
l;.
*__.
14
vi
18
/
■
*45
49%
—
-
69
69%
m-s
99%
511949
-
.? "
•
t
.
,
70
.
109%
105
100% 103%
58 vB
83
46%
*117
98 y2
19
99% 100
46%
m-s
J-D
1944
40
—
70
100%
49
118%
118
trust ctfs.
.
Ohio & Det
1st & ref 4%s A
4 Vis series B__,_
j-D
1977
—1981
;
Penna
4%s
Power
& Light
debentures
gold 4s
4s sterl stpd dollar
78%
61%
Gen
57
Cons
F-A
49 %
48%
49%
12
45%
>.
*
105
103%
19
105
105
1
103
105
101%
2
100
104
101 Vi
a-o
F-A
46
46
46 y41
16
44
49 Va
3%s series
'
General
5s
series
B
100 % 105 y4
101 % 102
*100va 102
j-J
108 y2
f-a
105
105
106
79
105
108'/a
1974
f-a
97
97
101
73
97
107 »/2
—1943
C
101% 101%
m-n
1948
May 1 1948
.
sinking fund 4%s
General 4%s series A
56%
,1998
mtge
A
102% 104%
1
1969
3 Vis
.
Consol
102
2
108'/a
103
f-a
1960
A
103% 103'/4
108 V2
m-n
—1963
102
1
1
J-D
1952
ctfs D
Pennsylvania Glass Sand 3%s~
50
1998
1221.
107 %
105
12
105
102% 103
m-n
106% 108%
.-/:i
3%s trust
Gtd 4s series E
49%
'
registered,—
102%
102.%
107% 108
a-o
Guaranteed 3%s trust ctfs C—,1942
63%
70
53% -54
F-a
.1,1998
1
3%s
,95%
f-a
•*
.=
cons
m-n
Pennsylvania RR cons gold 4s
N
99
2
68
74%
47%
"
1997
secured 3%s
Parmelee
Pa
59%
57
_1946
&
Ref
i
Secured 4s__
-',i"
"■
I
f-a
106 y8 109%
Paramount Broadway Corp—
t
Guaranteed
*100
1998
A
Ref
Conv
*
J-J
107% 111%
85
95%
108
■
3
•
•
Newport & Cincinnati Bridge Co—'
General gtd 4%s.i..
^
1945
,
99
95%
93%
v:r% 1-
-
deposit—
.
i
40%
172
•
\
1
7
,
101% 101%
"y'-'•
j-j
1960
103
•
1
j-d
.1955
'i Panhandle East P L 3s B_.
.
;
a-o
•
of
A Certificates
f-a
.1966
mtge 3%S series C—
& 111 1st s f gold 4%s.
Paducah
i
,
.
102
j-j
5s
v;v.9
108% 108%
j-d
-Pacific Tel & Tel 3%s series B— .1966
50%
51%
ref
&
§A2d
49
a"o
&
&
§APac RR of Mo
y4
.41%
1954
i
»
105% 107%
*
y .v 1
■
83
•
82
75
5
'
81%
j-d
1st
74%
v
2
107% 107 V*
81%
deposit—.—!;
of
B—
5'^
83
V-.
j-d
1st
%
107% 110%
77
82
...
J-J
J-J
Certificates
5s
J-J}
J-D
AN O Tex & Mex
A 1st
:
'
j-d
1966
-i
77%
75»/b
109% 110
A-0
.1961
ref mtge 3s series J_____. .1970
.1971
1st & ref M 3s. series K
1st
120% 124%
•;
*74
v''
1955
gtd 4s—11953
1st
11
124% 124%
r$:' iwL
1st 5s series A—1952
series B
Orleans Term
117 y8 120%
*118
J-D
M-N
F-A
11..
91
110% 113%
27
u3%
109%
a-o
1960
f-a
1965
j-D
1968
J-D
9
89%
'
•
89%
18
90
120 %
101 %
11
120 % 120%
101 %
108
108
101%
108 y>
101 Va
103%
108% HI
108% 111
*109% 110
m-n
—1970
1
109% 109%
1i
,
/12
88%" 94%
119
122
100 y2105
107% 111%
THE COMMERCIAL & FINANCIAL CHRONICLE
1220
NEW YORK
BONDS
New
York
Stock
Last
Period
Sale Price
Debenture
BONDS
Bonds
Friday's
or
Bid & Asked
Low
Pennsylvania RR
BOND RECORD
Week's Range
Friday
Interest
Exchange
Oct. 2
Week Ended
January
86%
96
97
96 Vi
68
90 Vi
97 Va
90
1981
A-O
96%
1984
J-J
__1952
A-O
89 Vu
1947
M-S
Friday
Low
93%
Tel
&
-
General 4Vis series D.__
Gen mtge
deb
Conv
.
4Vis series E
3 Vis
_____
Peoples Gas L & C ref 5s____
Peoria
&
—-—__Apr 1990
*
Pekin
&
Peoria
4s
Union
Ry 5%s_
112
90
43
7%
Apr
1974
81%
.
58%
220
49 %
58
106% 107%
.1968
M-S
54
53
54%
210
46%
57
360
46%
56%
297
46'A
252
80 Vi
93 'A
82
86%
72%
75
63%
4s
64
21
55%
61
53
55'A
coll)
Pac
1949
—
1980
M-S
3 Vis deb—
1952
J-D
1st
1943
M-N
1:1102%
1974
F-A
"116%
115
120
1977
J-J
*110% 115
108
112
Phelps Dodge
conv
Bait & Wash
Phila
General
5s
General
gold
4Vis
General
4Vis
series
series
Philadelphia
Electric
Phila
1st
ref
&
1st
____
C
series
1961
J-J
ref
&
3Vis
1967
J-J
deb
2iConv
_____________1949
6s_
Ry* 1st s f 4s__i__—1937
ACertificates of deposit
_1951
debs—
His
A-O
86%
.1955
J-J
.1994
J-J
92%
92
93
.1956
A-O
68
67
68'A
"1%
M-N
4s
H
Series
Gen
*112
111
Pitts
Va
&
118
1st
1963
—
guaranteed 4Vis__1964
,__1970
_1975
1977
C_
Iron
4s
—1943
—1959
1st
gen
4 Vis
Standard Oil N
4
104% 108%
.1961
J
1953
debenture—
104%
10
97
Vi 100%
:/;5a
96
99
55
64%
99
Vi 100
98%
99
59
59 Vi
"4
58
57 Vi
55%
5
58
57%
A-O
59 Vi
15
55 Vi
refund
Gen
Ref
&
Company
3s deb_i___—,_____1959
debentures
3s
________1965
Texas
&
N
Texas
108
119
&
Pacific
120
118
impt mtge 3%s series B—1974
O
1st 4Vis
Elec
El
1950..
1st
Pwr
Pressed Steel
13
1
J-D
40%
3JVi
*102 V4 102%
104%
J-J
■
J-J
LL
100 Va 102%
104% 105'A
■
14
103
.
105
''
'i
103
>
V
6
15
102% 103
'
,
105
108% 109
'•
■
•
16
*102% 103 VA
1
__
105 Va
103% 105%
107% 110
100% 103 Vi
v
101% 103%
M
3%s
"**1
87%
*106%
J-J
1951
61
108% 108 Vi
J-J—
1966
deb 5s„:
Car
87 Vi
86 Vi
87
J-J
*119
120%
F-A
*103%
107
122:
120
106% 108%
110% 110%
109
110%
102 % 102 %
J-J
F-A
3
12
101
103
88 %
41
85
87%
88 %
92'/a
A-O
105%
105% 105%
35
104 Vi 106
M-N
105%
105 Vi 105%
15
104
105%
1st
1943
gold 5s
J-J
100
U 100?,3
3
99% 101%
J-D
100% 100%
12
93% 102%
&
ref
5s
series
B
1977
A-O
64%
64
65 Va
121
58%
70%
Gen
k
ref 5s
series
C_______
1979
A-O
64 Va
64
65%
-.54
57 Va
69 Va
_______1980
J-D
64%
64 %
64%
17
58%
1964
M-S
103%
Gen
M-S
J-J
J-J
Gen
*101
J-D
1960
~l.st-5svextended.-to
Potomac
104 Vi 107 Vi
7
38
37%
■
2000
gold 5s
com
ref 5s
&
series
D
Tex Pac Mo Pac Ter 5 Vis A
Portland Gen
106'A 106 %
'"*■
64%
107
*
F-A
1951
5s_—-1944
f gold 4s—;—_—_1953
s
Texarkana & Ft Smith 5 Vis A__—_1950
64%
*107%
J-D
St L 1st cons
Terminal Assn
Texas
A-O
& RR gen 5s
Coal Iron
Tenn
103
95
99
J-D
1962
99
7
98
J-D
1974
series D—
18
99% 100
95
M-N
1977
C—
series
5s
F-A
104 Vi 109
95
MS
1948
5s series B—
gen
1st
2
J-J
1960
1st 4s ser A
;
'■
'
105% 105%
A-O
J-D
mtge 4 Vis series C—
1st
Apr
109% 112%
112
105% 105 Vi
J-D
gtd
120
*118
J-D
—1950
4 Vis series A—1958
& Ash
120
F-A
M- N
—1950
4Vis
1st
1st
1952
4Vis A
conv
mtge
Char
Young
•
1960
mtge 4Vis series B
1st
Pitts
J-J
2013
.1966
112
121 V«
1st
k
4
;%y
121
118
4Vis
series
W Va
89%
112%
J-D
112%
mtge 4Vis series B
Pitts
84 Vi
79%
108
F-A
guaranteed 4s
4Vis
Steel
78%
30
110 •> 112%
mtge 5s series B
1st
108
111
Gen
Pitts
11
89%
89
M-N
"111
5s series A_
&
81
88 Vi
J-J
.1961
*1UJ
cons
Coke
80%
J-J
105% 106%
—
M-N
Gen
Pitts
*105%
J-D
cons
J
mtge
121
M-N
F-A
cons
Series I
Series
46
92
.1956
guaranteed—-^—1957
4s
93
88
91
102% 10231
1949
guaranteed gold—-1953
3Vis gtd gold—
Series E
Seriis.F
88 Vi
83
87'A
1945
guaranteed——.___1945
Series' G
69
78 '/a
87%
.1968
1%
2%
4s
93%
60%
91%
.1964
97% 102%
10
M-N
D
71%
88
90
213
A-O
1996
3
1%
101 Vi 102
101 vi
Pittsburgh Cine Chi k St Louis—
Series C 4 Vis guaranteed——1942
Series
61 %
346
A-O
.1951
10%
1%
3
56%
.1956
6Vis.
gen
102% 105
5
105
71
68
32%
5
207
.
k
99 Vi 102%
10%
70 %
'A
90
72%
:
.1956
Devel
109% 112
24
71
..
86%
.86 Vi
50
'
_______
Petrol
Phillips
.1950
90% 105%
6
32%
"2%
J-J
Philippine
93%
188
105
J-J
A
53%
92
102%
10%
Vi
M-N
:_1962
Philip Morris Ltd deb 3s—
10
52 %
92%
50 Vi
—\
r
«
53%
J-J
10-yea.r
107 % 110
7
31%
32
M-S
JAPhila & Read C & I ref 5s——1973
53 7
52%
„
M-N
.1946
32
111% 111 Vi
"102
J-D
53 7
.1981
104% 108
:A r8
,
97
96 %
M-S
2%s___——_1971
mtge
96%
4Vis
M-N
388
67 Vi
102% 105%
Va 106 Va
109% 109%
J-D
D——1981
tr
coll
Co
gold 4s
B
-or*
*64
.1969
64'A
gold 4V2S series C——_
70
68%
.1949
registered
64 %
59%
(Cent
4s
74
63 %
J-J
J-J
1st
106
.105%
54%
1956
007B
103--;-*-
70
71%
72%
102
*""103
STT—..
55%
__1956
Yl
-2
J-J
M-S
A—--.
1st series A 5s
B___
series
103% 106%
J-D
4s
Marquette
.106 Va 108 Va
22
.1977
3%
1st
Pere
r'~;'
29
105% 106
7%
47
37
V1.
:
A__ILm_"__1947
6S
107% 107%
105%
Southern "Pacific Co—
91
110% 113 Va
5
92
7%
F-A
Colo Power
High
107%
95% 100'/a
15
,
.
44
,6%
Southern
95% 100%
-
-
13
118
111% 112
A-O
ext—_,—;—1960
4s
Eastern
AIncome
89%
44
January 1
Low
No.
High
A-O
___1979
___
Range Since
Sold
J-J
1962
3%s
debentures
3s
Bonds
Friday's
or
Sale Price Bid & Asked
Period
2
Week's Range
Last
Interest
Exchange
Oct.
High
South Bell Tel
89%
A-O
1970
,
Stock
Week Ended
1
Low
No.
High
New York
Range Since
Sold
(Continued) —
gold 4 Vas
Monday, October :5, 1942
86 Vi
J-j
1st ref 4s
A-O
AAdj .income. 5s___
.
6
20%
61%
47%
; 12
3.64,
13
100 % 100'A
69
102 Vi 104%
61
60'A
58%
GO
J-J
§AThird Ave RR 1st 5s ext—___1943
107% 108%
2
91
:____-1960
1Q5 Vi 107%
.
91
Third Ave Ry
103% 104
—
20.%,,
93 Vi 101%
y5'/a
'
J A Providence Securities 4s
improvidence
Pubi
1957
Terminal 4s_.
_1956
El & Gas 3%s_
Service
c
,-1968
M-N
7%
J-J
20
8 Vi
*82%
MS
3
ref
mtge 3s___—__———1972
k
ref
mtge
5s_——
2037
J-J
&
ref
mtge
8s
2037
J-D
O
1968
A-O
llOVi 110 Vi
Public
of
Service
Purity Bakeries
_______
111
Nor
3 Vis
f deb 5s__
s
_1948
M-N
*143
Louis &
St
Toronto
ref & impt 3%s__1960
West
Trenton Gas &
143% 144%
09')
1st
Buff
&
Ham
Elec
4s_____r_1950
gold 4s__1946
1st
1st
gold 5s—1949
Tri-Cont Corp 5s conv deb
A.
1953
85%
A-O
85%
90
■
85%
90
J-D
'
4
90 Vi
*100V<102
J-D
•
80%
18
90 Vi
81%
90%
100
101%
105
%
.106%
M-S
105 Vi 106
105%
J-J
221%
216
108% 110 V*
*104% 104%
J-J
Tol
105% 106 %
105% 105%
&
1st
1st
Tol k Ohio Cent
108 Vi 110%
__
1st
8%
80
80
__
*109%
105
103
U
R
1971
M-N
111
*—1945
A-O
»io,.,
,6
11%
Calif 3s deb___—_—1959
F-A
101% 101%
1
99
Vi 102 Va
99 %
10
96
99%
Union Electric Co of Mo 3%s___
79%
80%
54
67
Vi
83%
Gen
&
1997
J-J
78
76
78
41
73%
82 Vi
Gen
& ref 4Vis series B—_ll____ 1997
J-J
77 Vi
76
77%
73
82
Reading Co Jersey Cent coll 4s
_1951
ref 4Vis series A„
deb 3 Vis
Rand
Remington
1956
Republic Steel Corp 4Vis series B__ 1961
80
A-O
102% 102%
J-J
F-A
108
M*! Af-
Gen
M-N
mtge 4Vis series C
Revere Copper k Brass
1956
100V4 104 Va
28
3%s__,
_1960
fSARio Grande June 1st gtd 5s
West
Grande
ARio
A 1st
1st
gold 4s„1939
coll trust 4s
&
cons
1939
A„1949
Roch Gas & El 4Vis series D—Gen
Gen
mtge 3Vis series I
Union
60
A-O
29%
t ARut-Canadian 4s stpd
1949
J-J
l§ARutland RR 4Vis stamped__
1941
92
39
299
12
Ref
J-J
110
110
109
_A-'i
*108
9%
19Vi
9%
9%
•
714
9%
:
U
Vi 110
4'/a
5%
—1971
Stores 5s__—1952
Island
1st
1966
1st 4s
98
98Vi
J-J
1996
J-J
Vi
2d
gold 6s—
Louis
1996
__________
Mtn
Iron
&
fASt L Peor & N W 1st gtd 5s—„ 1948
Pub Serv
L
St L
1st
91%
5
63
*50
••V'v
106
mtge 5s
1959
Rocky Mt & P 5s stpd—
A-O
.
62
>;
—1955
M-N
76%
77%
76%
77%
,
76%
84
lien
series B
5s
ACertificates
of
1950
-4
—'.
:'V'.
'
j-J
44
M-S
75 •
J-J
.10 %
92 Vi
71%
;
75
bond
4s
4s
inc
certificates——
bond
A-O
84%
83
84:l
46
69
M-S
96%
96'A
97
55
90%
M-S
& ref
-
1990
tASt
t§ASt
&
P
Paul
St
1st cons gold 4s_1968
Paul E Gr-Trk
1st 4Vis_—1947
K C Sh L gtd 4Vis
Union
20
1st
24
f
*99%
100
M-N
*99%
100% 100 Va
M-N
*09%
100 Vi
22%
20%
22%
20 %
M-N
1 1944
M-N
*99%
100% 100%
M-N
*100'%
M-N
*100
100% 100%
100 % 100%
May 1 1946
1 1945
M-N
*100%
M-N
*100 Vi
M-N
--May 11948
1 1948
M-N
*100
May 1 1949
M-N
*100 % 100'A,
M-N
83
83
83 Vi
J-J
76 V4
76
J-J
53%
53
J-J
37%
34
MS
77%
2.00s
77%
2.05s
33
46
92%
/
J-D
165.
2.25s
22 Va
11
100
100
101
May 1 1951
M-N
*100
100 *A
101%
11951
M-N
*101
100
101'A
M-N
101
101
1 1952
M-N
*100
101
*100% 101
25 Va
11%
24%
2,175
11%
—
—Nov
2.35s
2.40s
—Nov
2.55s
May 1 1954
M-N
35
76
84%
78
57
.
54
105
31
56%
37%
396
15%
38
F-A
263:r-
;
.V 76%
6
12%
15%
6Vi
100%
-
?
100
100
101 %
.
2.65s
1 1954
102
r
Power
k
Light 1st 5s
100% 102
100 Vi 101 vi
101
*101 Va
M-N
United Stockyards 4%s w v__
Utah Lt & Trac 1st & ref 5s
103
101','4 101'A
101
M-N
May 1 1955
Nov
—
101%
100
,
101%
92
A-O
1944
A-O
1944
F-A
;
99%
19
91
99%
92
93
96% 100 "A
100
F-A
100% 103%
93
95%
93
1951
100 Vi 101%
101% 101'A
230
97%
102
93 'A 1017/a
16
9
2 Vi
596
7%
6%
16
'
*103%
—V
A-O
__
101% 103%
■
12
99 % 101
14
101 Vi
104%
123% 125
Vandalia
A-O
100%
76%
,v
124 Vi
23%
24 Vi
22 'A
23%
24
8
14
267
lOVi
24%
RR
cons
g 4s
series A— .1955
s
f 4s
series
B—
24%
1957
"108
'
*
M-N
.1968
Cons
M-S
%
'
__
—
108 Vi
111
111
Ml*
V'
*
111
•
4
109% 111'A
'
Adjustment
5s_;
Oct 1949
F-A
_1959
_.
A-O
§ARefunding 4s
ACertificates
A 1st
cons
6s
of
of
AGs
series
B
3%
9%
A___—
6s
A
4
10%
29
■9%
9%
1945
M-S
13'A
13 %
11%
12%
327
M-S
31'A
29 Vi
31'A
22
1935
F-A
10 V4
8%
10'A
4
984
12%
certificates-,
4%
20
1933
ctfs
1
267
.1949
5
.1972
10%
M-S
*75%
■
870
11%
'
2003
*
5%
13%
5%
3%
A-O
1966
1st
12%
15
J-J
1958
9%
80
•
M-S
'
71
1083'a 109
76Vi
V- 102 Vi 103
91 Vi
703«
70%
109
69
W-l.
102%
F-A
'
deposit
§ A Atl k Birm 1st gtd 4s
JASeaboard All Fla
4
10%
deposit—
series
ACertificates
+
100% 101%
100'A 100 %
*100% 101
—Nov
227/8
104
A
*100'A 101
M-N
——————Nov
2.30s
213/8
11%
31
a;
M-N
M-N
1 1950
—May 1 1952
2.10s
s
101%
*77
J-J
A-O
1950
301%
100% 101%
100
I 1949
2.20s
12%
*__
gold stamped
100
101
——May 1 1950
2.15s
75
—
M-N
104
it A4s
100% 302
"TOOV'a 100 Vi
1 1953
104
f deb
100% 100%
M-N
Nov
M-S
s
gtd 4s
100% 101
M-N
2.50s
M-N
1st
—_Nov
100% 101%
100'A 101
100'A 100'A
23
1989
E
——Nov
1 1953
—1952
N
100%
11946
—
1.80s
May
JSeaboard Air Line Byis a 1st gold 4s unstamped—1950
&
100% 100%
May 1 1947
Nov 11947
1.75s
1.85s
2.45s
100 v, 100 Vi
V
—Nov
M-N
100 &
Schenley Distillers 4s
*99%
May 1 1944
—
Nov
60
10%
1,493
22%
23%
J-J
Scioto
'.
100%
May 1 1945
1.25s
1.90s
98%
107%
868
V
24%
1971
gtd gold 4s_—1943
100
■
M-N
79
21%
22 %
1941
Depot 3Vis B
8 A & Ar Pass
105
1 1943
Utah
St Paul k Duluth
97Va
104
—Nov
Nov
2.60s
1989
ctfs
gold 5s series A
*100
.84%
11942
55
; 2
21%
21%
___Nov 1989
§ A 1st term k unifying 5s„__1952
AGen
20 Va
22%
stpd
JSt Louis-Southwestern Ry—A2d
21 Va
•
20%
J-J
ACertificates of deposit
A 1st
103% 107
—May 1 1943
69 Vi
2
44
92%
92%
J-J
deposit
ACons M 4Vis series A——1978
99
102 % lOG^
9
1.125s
10
,
JASt L-San Pr pr lien 4s A——1950
/' i:
ACertificates of deposit
v
1.00s
67%
„
95%
9
106 V4
'
■
/
A Prior
106
'
—
55
'
—
23
Corp—
1
.875s
'
Southern—
AgRiv & G Div 1st gold 4s
1933
ACertificates of deposit..—'___
St
10
98%
106 Vi
106
:
St
106
108% 111
~g5%~~99
1.95s
A-O
;_1947
gold 5s—
16
98
97 Vi
—1944
gen 4s
1.625s
Adir
Y
.1953
1.50s
Saguenay Pwr Ltd 1st M 4%s
97 Vi
97 Vi
J-D
1.375s
St Lawr &
111%
108
A
109 % 109'A
97 Vi'
A-O
Serial debentures
:
St Jos k Grand
1
105'A 105 34
_1980
(Del) 5s—
Steel
States
109%
A-O
M-N
——1955
3%s debs
RR k Canal
United
fy.
9%
28
J
N
19%
7
Biscuit
Upited Drug Co
109Vi
10%
_1970
United Cigar-Whelan
20
106% 108%
16%
8%
19*4
99
99%
J-J
1947_
deb_
deb—
mtge 3%& series A
United
61-
;i
109
*110%
M-S
4%s_
1967
_^_
111
RR—
35-year 3Vis
60%
60 Vi
5s
grant 4s_-»».
3%s
34-year
100%
39
Pacific
—3AH&-land
129 Vi
M-S
1st
98
4
30
28
M-S
Louis
&
12
60%
59
.C
M-S
1934
Ark
I
100% 104%
60%
J-J
1967
mtge 3Vis series J—
AR
7
M-S
—1969
Gen
-J.04% 1061i_
100% 100%
M-N
—1967
ft
101 Vi 102 Vi
J-D
1977
mtge 3%s series H
405% 105%
102 Vi
of
debentures.
3s
-
Purchase money lst M conv 5Vis 1954-
Oil
97 Vi 103 Vi
1
101 %101%
101 Vi
tSAUnion Elec Ry (Chic)
Union
r,
.
26
56
90
65%
94
75
105Vi 109
31%
10%
•'
1935
F-A
9%
9 %
10
40
1954
JrJ
97%
97Vi
97%
54
P5%
97%
2%s sinking fund debentures
1961
J-J
99 y-i
99 Vi
99%
28
97%
f § AS:lesian-Am Corp coll tr 7s
99%
1941
F-A
30
30
Shell
Union
Simmons
Skelly
Co
0:1
3s
Oil
2Vis
debs
debentures 4s
1952
debentures
—1950
A-O
102%
102
102%
4
5
29
9
10
W
'37
100% 103%
Wabash RR Co—
F-A
100%
100% 100%
4
99% 103
Socony-Vacuum Oil 3s debs—
1964
J-J
105%
105% 105%
27
104 Vi 106
South
AGen
1963
A-O
123
AGen
k Nor Ala
For
RR
footnotes
gtd 5s
sQe
naae
1221,
*122'A
—
—
:
123
1st mtge 4s
series A___
mtge 4s inc series
mtge inc
^As^seiyBf
1|)7^
81
1991
82%
123
75
82%
Apr
40%
40
41%
842
33 Vi
50
Apr
32%
31%
33
178
28%
39%
J-J
82
82 V4
I
i
THE COMMERCIAL &
Volume 156 ; Number 4113
NEW YORK
Last
Period
Oct. 2
Ended
Week
Interest
Exchange
Stock
York
New
Sale Price
Bonds
January
No.
High
Low
4
27%
27%
26%
27.
2
A'O
25%
25%..
jl.
II1980
A-O
*28%
M-S
—1976
1978
u.
--
27%
F-A
J A Wabash Ry ref & gen 5%s A.—1975
27
BOND RECORD
York
New
Range Since
Sold
Bid & Asked
Low
Stock
Friday
debentures.
6s
A
.
f
deb
Co
Bros
Deposit
1948
M-S
M-S
24
West Shore
28
1st 4s guaranteed
Registered
27%
26%...
27%:
88%
Wilson &
2361
Wheeling & Lake Erie^EtR 4s
.
—
101%
21
Winston-Salem
106
t A Wisconsin Central
gold 3%s.
.2000
1st gtd 3 %s—
guaranteed 4s___—
33%
F-4
Washington Central Ry 1st 4s—* .1943
Washington Term
1st 40-year
S
B
A Certificates
1st
33%
*85
Q-M
1
3*•••?...
.1945
F-A
*103
103'%
.1945
F-A
*104
40
69%
86
A^Asked
86
A
A-O
J-J
1949
J-J
50%
49
MS
17%
1.7
17%
*16
18%
91%
91%
91%
22
105 % 106
51
187
37
49
1968
A-0
95
104% 106%
100% 103'/a
114
115
51 %
37%
94
49
i
9
35
9
uo'/n iio'/h
34
1971
J-J
J-J
*17%
1948
M-S
101%
M-N
"99 %
108% 110%
1
106% 106'%
1943
2
105
1081/4
12
3'As
4%s
1st
90%
5
*102% 103
deposit-
Conn East
47%
110% 114
M-S
1st 4s___1936
Public Service
JAWor &
50
37%
—10 2 -%4 Q5
—
J-J
106
High
37%
8
1960
4s__
52
,—-....-3..
1966
Elec Power 3%6—
Wisconsin
103%4 105'A
47%
45
*110%
Low
No.
103
deposit——.
of
Certificates
Wisconsin
106
45%
44
12 %
101
102%
20
*
Westchester
Gen
Penn
1st
mtge
Maryland
Western
&
MS
5 %s
ref
1st 4s__
*111%
).
95
107
110
110
__
111%
85%
f
86%
24
84
93%
86%
J-J
107'A 110
3
107
107
*.
—
A-0
_____1952
A_—1977
series
107
J-J
3%s series I_—______1966
118% 121%
1
109% 109 'A
J-D
1967
1st 5s E_w——1963
Power
1-J
119
119
J-D
5s stpd gtd—1950
mtge 3VaS—.—
West
1st
Ltg
95
28
Youngstown Sheet & Tube—
'
102
Pacific 1st 5s ser A—1946
assented—_j—„1946
m-s
37%
35%
37%
35%
M-N
84%
84%
20%
20%
Deferred
a
38%
75
79
84%
84%
1950
25-year gold 5s—1951
30-year 5s____—
—____1960
Westinghouse El & Mfg 2'As.,——1951
J-D
85 »A
MS
83%
85
85'%
70
81
84
65
77%
not
•
-
98% 100%
e
Odd-lot
range,
r
not
sale
Cash sale
!
-
being In bankruptcy,
as
receivership,
or
reorganized
200-
per
under Section
77
of
Act, or securities assumed by such companies.
♦Friday's bid and asked price.
'■.%
ABonds selling flat.
100% 101%
101%
the year's range.
the Bankiuptcy
85%
*101
__
delivery sale not included in the year's range,
d Ex-interest,
year's range, n Under-the-rule sale not included in the year's
the
in
included in
{Companies reported
'
M-N
13
§Negotiability impaired by maturity. tThe price represented Is the' dollar quotation
pound unit of bonds.
Accrued interest payable at the exchange rate of $4.8484.
88
83%
1
11
99%
99%
38%
246
37%
Western Union Teleg gold 4Vas
101 Va 101%
'
104%
155
37%
MS
t A Western
A 5s
..101 A
101 j7,f 101,7tf
101%
:
f 3'As series D_—1960
91%
included
A- O
gold 4s—.
gen
-
Conv deb 4s_——
1st mtge s
93
1943
West N Y & Pa
1
January
Sold
High
-103
Range Sil.^fc
Bonds
1955
4s—_.
1st
of
Ȥ ASu & Du div & term
1st ref gtd
B
•
Friday's
1947
102%
95%8 106,'A
V—
M-S
1949
3%-_
deb
46
J-J
J-D
1st M 4s A__
81
6
101%
Conv
1
Warren RR
Co
101
95
3
101
,101
,
J-J
2361
—
West Va Pulp„.& Paper.
99
101% 102
102
>'
83
101
Bid
Low
22%.
7
86'%
*99
or
Sale Price
High
22%
86%
j
—
''
..
86 %
A-O
—
6s.
receipts
•:'»
A- O
,—1941
6s debs—
Pict
Warner Bros
A Warren
—
Last
Period
Oct. 2
24
-
Week's Range
Interest
Exchange
Week Ended
1
Wheeling Steel 1st 3%s series
1955
—1955
Walworth Co 1st mtge 4s___
1221
BONDS
Week's Range
or Friday's
Friday
BONDS
FINANCIAL CHRONICLE
No sales transacted during current week.
*.
,
.
.
.
,
..
.
NEW YORK CURB EXCHANGE
in
the
In
deferred
delivery sales
week
the
in
footnote
a
and
which
in
following
Sept. 26
and
tended
include
every
' ' ■■■
S T O C K S
New
.
York
Curb
'
,
Wire
Acme
'
Aero
Last
;
Access
Investors
or
~p"
Shares
4%
Corp.
50c
5%
4%
50
16'A
~~j>~
4%
2%
21%
3
Appliance...
r
22%
Sep
Associated Tel
Feb
Atlanta
Tel class A_„:
&
&
Birm
Coast
Atlanta Gas Light 6%
Jan
5%
Sep
Atlantic
Coast
8%
-Alabama
Southern
Great
Power
$6
Co
50
100
4
4%
300
4V2
1%
Jan
'
2%
400
2'A
Sep
Atlantic
Coast
1%
400
12 May
1 %
Oct
Atlantic
Rayon
21%
100
19% July
21'/a
Oct
Atlas Corp
iV
Jan
Atlas
Drop
~1%
700
% May
1% Aug
Atlas
Plywood
94%
—*
*
Alliance
Allied Intl
Allied
A
.(Mich)
conv
Aluminum
6 'Jo
pfd
Investing $3 conv
Products
Class
Co
30
73
Jun
83
94%
94%
30
89
Sep
107
Feb
20
79
Sep
.97
Jan
Avery
Goods
%
•
94'%
17%
100
13—Sep
22
125
20
94%
93
105
105
100
_*
Mfg—
12%
__
950
106
V
Co_
12%
22%
100
12
6%
•
common
preferred
American
100
Book
American
Box
67 1
65%
tit
20%
100
Co
'78
50
90%
Jan
103
Board
Co
100
60
1
common
3 "i s
.Sep
7
%
Apr
Sep
Apr
Ayrshire
'%
Capital class A common__10c
17%
18%
2,100
2%
2y8
2%
300
3%
3%
3 Ve
400
5
3'/4
3'A
3%
200
4%
%
Feb
A
1%
Jan
7
Aug
12% May
Jan
18%
Oct
2%
Feb
3%
Jan
Patoka
2% May
,
2% Mar
Feb
class
com__10
A
Collieries
1
3%
13
26
Jan
16
20
19
May
35
100
26
4
18
5'A
5'A
(20%
—
20%
200
3%
2,600
B
Apr
Feb
,
Sep
Sep
,
Feb
Apr
5'A
Sep
.'i',:
for
warants
>
..Jun
28%
Jan
7,%
30
Rubber
Co
Stainless
Barium
&
Steel
Seelig
*r- •"
II
% ...: %.
■■
Jun
4%
33%
Jan
Feb
3%
Aug
1
Jan
.
3
«
800
% Aug
Jan
.7:
'
A
Refractories
Baumarm—See
1
I
.y
1
II
2 Vb
27'/a Aug
V ?5 '9
Mfg—
convertible
$1.20
1
common..
■
Barlow
"
3%
common
preferred
Baldwin
.V-
•
—
.
Purchase
Basic
American
Tobacco
% May
24% May
Jan
Oct
3% Mar
Jan
5
17 V8
Feb
Vb July
Jan
Sep
ft
19
3
25
Baldwin Locomotive—■
Sep
22
_*
Machine—
Jan
V
GOO
1
& Sons common-
12%
May
*
35
32
"J.
*
—
Babcock & Wilcox Co_
65 Va
•
35
3
35
Feb
Apr
i'<r
Jan
200
5
common
Jan
4%
20%
4
"3% "3%;
"3%
1
Corp
105
1,000
67%
103
103
103
_1
Beverage common
American
V
Jan
Sep
May
109%
.
7%
Ltd
Aluminium
Mar
'A Mar
114%
Apr
99% May
■
106
50
—
preferred—
Axton-Fisher
Jan
-,-19 % Mar
(B Fi
6%
Feb
12
_
May
78%
1,700
♦
common.
1%
Jan
13%
22
22
%
100
64
Mar
3 % May
Jan
% May
25
common
Aluminum Industries
2%
High
Jun
1
Corp
Forge
Automatic
84
'r.
—
•
_1Q
:
common
preferred
Aluminum
-
Low
% Mar
62
warrants
Voting
76
•
Investment
Range Since January 1
High
*
preferred
Products
84
$7 preferred™—*
preferred
Alles & Fisher Inc common—
s
76
__
Low
Feb
Line
Sales
Shares
4
100
pfd
Fisheries
Jun
Jun
Automatic
Alabama
Co
RR
5 % Mar
4'A
21%
1%
on
rf or" Week
Range"
of Prices
Sale Price
;
:
Par
Mar
20
Mar
5%
2
Oct. Z
Week's
Friday
7..." • ..TLast
York
Week Ended
^
High 5,
A Mar
Electric
S TOCK S
Curb Exchange
;
New
;
*
-
200
Warrants
Air-Way
"",~i
1%
r
2
10
preferred
"
Low
4%
shown
the transactions on the New York Curb Exchange for the week beginning
of
Range Since January 1
.
17%.
are
It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬
for Week
High
range
bond, in which any deal ings have occurred during the current year.
20
5
record
1942).
2,
RECORD
they are the only transactions of the week, and when-selling outside the regular weekly
in computing the range for the year.
unless
sales
such
of
(Oct.
Sales_.
_
Range
range
complete
a
Friday
of Prices
17%
—1
(N J)_
common
Convertible
Week's
taken
1
Mfg common
Inc
is
furnish
we
present
Low
1
Associates
Aircraft
v/I/
10
-
B
Ainsworth
Air
common-
Supply Mfg class A——
Class
Air
Co
Friday
Sale Price
Oct. 2
Par
'
list
the
account
security, whether stock
Exchange
Ended
Week
ending
No
occur.
extensive
Saturday
to
they
disregarded in the week's
are
YEARLY
AND
WEEKLY
NOTICE—Cash
1
4%
•
300
6% May
9
Sep
5 Va
900
4%
Sep
7%
Jan
Jan
4%
Feb
7
"5'/a
9
3%
8%
5
common
Inc.
Aug
8%
Feb
Apr
6% May
22%
Sep
"Ludwig"
'
class
Common
$3
10c
B
preferred——.
$5.50
Central
American
Cities
American
Convertible
Class
.
A
class
25
——
10
10
non-voting—____—
American
5%
••
8%
1,500
700
7%
65%
Jan
300
4%
Va
Jan
50
Jan
5%
fa July
700
4%
8
__
8
350
4
—1
—
Cyanamid class A—
B
5%
fa
9%
.
74
9'/a
74
Feb
6%
Feb
fa
.
36
1,400
%
36
36
34%
36
36 %
Foreign Power warrants
35
Aircraft
5,700
Bellanca
Jan
Bell
-
Sep
Benson
36
July
28% May
41%
Jan
%
Sep
Apr
Tel
Fork
Gas
common
Electric—.
preferred
4%%
General, Corp
American
convertible
$2
•
Hard
12%
12%
300
10%
17%
16%
18%
5,900
13%
94%
93'/a
95%
400
2%
600
1% May
27%
325
24% May
27'/a May
32
11
18
—___1
2%
27%
2 Va
26
25
14%
14%
12'/a Aug
20% Jan
Apr
82% Mar
„1
Rubber Co
&
American
Laundry
Light
Mach
&
Trac
50
25
6%
preferred
American
Mfg Co
Potash
American
104
&
1,400
7'%
$2.50
Inc
Blauner's
Oct
Bliss
Feb
Blue
Feb
$3
Apr
11% Aug
26% July
Apr
18% Mar
24
79%
%
Jan
85
S3
Jun
%
Jan
27%
Feb
3,800
19%
19%
100
X18
Aug
50%
50%
25
39
May
5'/«
5%
GOO
2%
2%
100
5%
2
common
1st
Superpower Corp common—*
$6
preferred—i.
July
American
Thread
American
Writing
Anchor
Post
5%
.—*
Fence
Elec
Vs
2Vs
.2'A
200
Pwr 4%%
Common
6%
class
Art
Equipment
Metal
Ashland
Oil
&
Apr
48 Va
Light $7 preferred •
Corp.,
——1
Electric
dep
5
—III
Canada—III'*
Refining Co
Breweries
of
Apr
600
2%
Jan
3'A
Sep
200
2
Jun
2%
Jan
Feb
2%
Apr
2%
1 Va
100
i2
8'A
100
7 'A
July
%
230
9l'A
Apr
l'A
'
2
a,*.
98
2% Jan
l'A Mar
Jan
~
9
Associated Laundries of America
For
footnotes
see
page
Jun
Jun
36
%
800
fe
38'A
1
8%
*
39
39
50
6
6
200
6
.
2%
600
1,800
optional convertible preferred—♦
400
Bohack
7%
(H
(S)
C)
:
:
Sep
%
Aug
10
Jan
Jan
39
8
Jan
Apr
5
Jan
Jan
Va
Feb
Mar
35
Feb
Sep
5
Jan
3
1% Mar
Jun
42
Mar
30%
34
Mar
Jan
——*
5% May
•
A May
1% May
*
—
16%
Apr
fa Feb
27
100
Inc
Sep
33 May
25
—
10'A
Jan
Jun
4
*
——__100
Scrymser Co.——.
Bourjois
12%
*
Co common—.
1st preferred
Borne
12%
——
& Co
Bowman-Biltmore
7%
$5
7V8
fs Jun
common
1st preferred
2d
preferred
Traction
Corp
Lgt & Pwr
*
8%
8%
1
Aeronautical
2,900
9
8 Vs
~5
8%
300
4%
1
common
Bridgeport Gas Light Co
Bridgeport
5'/8
3,400
4%
Jan
7
May
3% July
•
A
Sep
Sep
2'A July
A
Jan
9%
Aug
10'A Mar
8%
Jan
May
19
*
Machine.
•
Preferred
Brill
Corp
Class
7'/c
1%
2,500
~2
~2%
300
46
46
1%
1%
A
B
...
1%
52
———100
class
*
20 Va
Jan
Jan
2'A
100
Jan
1%
Jun
60
Feb
Apr
3'/b
% July
*
—
preferred
103% Jan
Brillo
Mfg
Co
Jan
50
fa May
55%
Feb
14'A
Jan
30'A Jun
l
Jun
11% Aug
46
*
common
—*
A
1,100
fi
Sep
l'A
Sep
British
American
Va
4,600
%
Apr
1%
Sep
British
American
8%
8%
800
6 'A
Apr
8%
Sep
Am
80'A
40
75%
Aug
87%
Jan
Am
6%
Jan
8
40
4%
Jun
Jan
3%
Jan
Oil
8%
80
IT"
•»«i/
51/.
"5 1/4
4%
4>/a
5'A
100
4%
300
—
—
•
11% July
4%
Sep
Jan
13
2% Mar
fa
200
fa
Sep
1226.
f-
3% Aug
Vb
Feb
31 Vs
Jan
13'A
Jan
Tobacco-
dep rects ord bearer—
dep
rets
Celanese
British
Amer
Brown
ord
A
£1
reg—
Wire
9%
.
9%
9%
100
8%
Jun
9%
Jun
7%
7%
,00
6%
Jun
8
Jan
iv
common
preferred
V4 Mar
10s
reg
Forman Distillers
preferred
£1
Ltd—
dep rets ord
Brown Fence &
$6
Co
Mar
10
*
Feb
53A
1
_
conh^*
~6
Va
Class
__*
& Mach Co
common
1%
1%
£i
reg
34
34
Jan
Industries—
rects
Mar
110
35
Jan
1%
'
&
Associated
30
35'A
*
12%
Breeze
Jan
3%
iy4
—10
Associated
Amer<can
•
!
Mar
33%
Brazilian
ss2
3Ve
8%
non-voting
Works common
117
%
Sep
Jan
1 Va
_1
common
Oct
Feb
Aug
33%
Jan
fa
2%
;
pfd_—100
preferred
Arkansas Power
Aro
A
3%
Jun
101
1
Class
Arkansas Natural Gas
1%
10
——*
(EW) common
2%
33 Va
2
—
.
1,100
10%
109% 109%
——*
common.
Ridge Corp
6%
Apr
1% Mar
9,700
*
Angostura-Wupperman
Apex-Elec Mfg Co common—
Appalachian
fa
preferred——5
Paper common
109%
3
21
Jan
61 % Mar
4%
—•
—
$6 series preferred—
2%
common...
Brewster
American
2%
common—
preferred—
Jan
22
Apr
•
10
Seal-Kap
1
preferred
Birdsboro Steel Fdy
2%
18% Mar
*
Chemical
17,900
Berkey & Gay Furniture
28'%
Apr
21
1
Republics
American
150
11%
—100
—
Co__
Meter Co...
American
20 Va
11
100
common
Maracaibo
American
11%
25
Preferred
American
20
20
.
common
103/8
common.
Hedges
Convertible
Blumenthal
American
50
9 '4
Jan
common___10c
preferred
$2.50 convertible preferred—
American
12%
10
:_100
Hoe
&
&
22%
10%
20
;
Canada.
of
Bickfords
American
American
22'i
_1
—100
Corp
Aircraft
-
Jan
qa
700
16
Jan
*%
Sep
July
10
common
convertible preferred
$1.50
13
\ Apr
fa
340
Mills Inc
Beaunit
14%
Apr
1
■; Beau Brummell Ties Inc
Jun
Aug
Beech
—25
Class B
Class
74
Power
A
.-.American
8%
9
•
1
Mfg—
& Light—
fa
'
*
—
preferred
prior
;____
l'A
Feb
•
7%
Jan
1
1%
Jun
1
•
1%
53
1%
55
100
30
46
May
l'A Aug
2
Jan
12% Aug
2%
60
Jan
July
THE COMMERCIAL & FINANCIAL CHRONICLE
1222
Monday, October 5, 1942
M
NEW YORK CURB EXCHANGE
Exchange
Curb
Ended Oct. 3
Week
Week's
Range
of Prices
Friday
East
Sale Price
STOCKS
York
New
Brown Rubber Co
(EL)
Bruce
Co
1
5
common—-—
common.
,
Bruck Silk Mills Ltd
—
—
12%
100
—
.
_
___
preferred
*$1.60
Hill
Bunker
.
dep
Am
Corp
Burma
—
.
'
69%
—
12% Jan
—
—
—
—
—
13
Low
10
Tobacco
common_^^__....'~.*
1%
_....._r._5
•
Jun
1 %
X
,
May
Feb
Apr
Aug
1574
Jun
6%
,
74
9
Aug
1074
1,900
♦
-
,.2.50
common
12
1174
1174
5
;
High
% Mar
15 .a Jan
91% Jan
8% Mar
11% Aug
% Aug
V* Jan
—
Range Since January 1
'
High
4
Sugar
Lighting Inc
Curtis Mfg Co (Mo)
Shares
•
common
Atlantic
Curtis
for Week
Low
Cuban
41% Sep
5% Aug
61% Sep
•
-r
—
—
—
—
_—._^.12%c
1,900
1,350
7
,;r-~
>
rets
Biscuit Corp
Burry
6%
68%
6%
08%
,,__.,.__2.50
Sullivan.,.
preferred
$6
Sales
Range
•v
Last
Sale IJrice
Cuban
•
35% Jan
150
Oil Refining
preferred
Crystal
Week's
of Prices
Friday
Exchange
Oct, 2
T
*
&
$3
Inc
Burco
41»/a
41
25
*
—
preferred
1st
50
-
& East Power—
Niagara
Buffalo
$5
Line
Pipe
Curb
Ended
Par
74 Sep
12/s Mar
4'/a Apr
_
Buckeye
York
Week
High
% Jan
ll3/8 Jan
474 Apr
—
—
r
Low
—
1274
12 %
New
Range Since January 1
High
Low
Par
STOCKS
Sales
for Week
Shares
Jan
—174- Sep
1
% May
6%
Feb
Jan
Dxxx.i:Darby
Petroleum
Davenport
Feb
% Feb
% Jan
Dayton
Rubber
Class
A
Mills....
Mfg
Dennison
Mfg class A common...,
8%
—
,
7
Feb
.
,14
150
Feb
:
5
500
1%
1%
-
•
...........100
-
Jan
10%
Sep
Jan
25
Aug
Jan
1
,
__._______50
debenture
May
1874
350
6%
Jan
37
_._._1
...
5
14
..
_rjX-'
lO'/a 10%
' 23% 24
274
10%
X 23'/a
;
r35
...
prior preferred
X
1-
•
convertible....
•
':A]
-,v-
•
L_.
Dejay Stores....
$6
5
common.
Hosiery
Jan
105
._
3%
Jan
2 % Mar
51 % May
Mar
105
Mar
~
Derby Oil & Refining Corp com...
convertible
A
50o
Cable Electric Products common
certificates
Calamba Sugar Estate
trust
Voting
Electric
California
50c
„
A
100
A
I#
A
.
r
#• —
'
..
174
174
1%
„—10
Power—„
•
■
74 Aug
,
,
Jan
274
Apr
__
:«V*'
Sep
100
A July
3%
6%
&
preferred
Feb
•
Tungsten
Canada
Cement
6 % %
Car
Detroit
300
1 %
2
Jan
Foundry^.^...-
Gray Iron
-
Mich
Stove
Steel
100
77%
—
20%
Jun
77%
15%
—
—
2074
25
Jan
21
Jun
Diamond
Shoe
Co
Dominion
Class
A
Class
Alcohol—
Industrial
Canadian
B
voting
....
2%
•
•
:
voting
non
2%
Jan
Jun
:
.
&
Carman
1
Marconi
Co
$6
Carrier
Corp
Carter
(J W)
Casco
Products.,
Co common
38%
550
9974
10
—
Sep
20
111%
103%
Eagle
Picher
900
4%
6%
674
100
6
6%
674
600
4%
674 July
Feb
Mar
OS
674
4
Jan
Jan
Corp
Central
Hudson
of America
Central
Sep
New
York
Ohio
Central
Power
Corp
9
Co..5
3%
10
Mining—
Clark
L
Clayton
Cleveland
Club
Coal
Cockshutt
&
Colon
"'
500
x\
14
Sep
"•
2 Va May
27
2%
;
3 %
4%
Apr
35
35
Sep
52,
10
40
Apr
82%
69
20
40
Apr_
82%
Jan
4%
10
6
__
.4
...
XX;
25%
•
%
5
25%
Sep
!
5
7
Jan
6 %
May
1
1
3%
3%
1,300
1%
1,200
200
4% Aug
% Mar
1
Airlines
1
Colorado Fuel & Iron
Colt's
Patent
Fire
Columbia Gas
Columbia
Oil
warrants
&
1%
Arms
Elec 5%
&
Commonwealth
18"%
Distribution...
1
54
__
Mar
Aug
Oct
May
2'/a
Jan
Jun
72%
Jan
1874
390
15%
Sep
i:»
2,600
5/a
Apr
1/64
400
1/64
1
__
25
__
i
1/256 Mar
%
__
II
II
,13
34
74
18
Water
Service.,
Jan
Feb
Jan
1
X
x\
A
Apr
Jan
V
t
extended
c
Gas
Conn
&
to
1946..
Telephone & Electric
Consolidated
Consol G E
4'%%
1
Biscuit
7%
200
y4
%
200
1
Co...,
:
common
L P Bait
series B
Corp..,
7%
♦
Coke Secur common
2%
174
;„_*
preferred
1
\ i/4
2%
ii/4
1
300
112%
120
7/a
Jun
39% Mar
106%
9% Mar
Jun
Jan
200
51%
112
112%
A
7,100
50
100
7% May
Apr
%
2%
preferred series C
100
Consolidated
Gas
Consolidated
Mining & Smelt Ltd
Consolidated
Retail
8%
Utilities
102"%
101% 103
1
Stores..
174
j3/4
II
28
28
II
5
170
II
96% Mar
1,000
II
50
1%
Sep
25%
1
preferred
3
100
Jan
Aug
Fansteel
30%
July
4
Royalty
Consolidated
Steel
Oil
__10
Corp
Oil
of
"534
•
Continental Gas & Electric Co—
T/o
prior preferred
Continental
1%
Mexico
~\y
"57/.
3%
2,800
Jan
Jun
70
71
50
GO
l
.
Continental Roll
&
Steel.....
$3
prior
Copper
preference
Range
Corroon
$6
&
•
....
Co
Creole
Croft
•
XI
1
Wheeler
Brewing
300
5y
550
""
gg
4,
Ford
Power
Motor
Am
dep
Ford
20
\X
.
'
"'
'
5
Electric......
1
Cent
Petrol
Cork
International
Drug Co
IIII5
(Md)
A
5
700
2
Jan
274 July
1%
11"
10,100
1%
Sep
34% Aug
60%
Jan
150
36%: Aug
274 Mar
300
1%
1074 May
74 Apr
5/64
43
4^'A'
1,000
45
47%.
2,200
4f/a
'
5
% V ,%
5":
•
5
43A
100
6;%
Apr
it
9
Feb
28
Jan
57
574
May
Jan
Jan
81
May
81
200
Jan
Jan
Jan
Apr
4% May
.n
149% 150%
6374
Aug
4%
100
4%
,
149?a
May
150% Sep
155
85
Mar
158% 159%
950
82
Apr
159%
Sep
167% 168%
330
89
Apr
16874
Sep
18%
Apr
2,400
A
Apr
325
1374
Jun
16%
2
May
274
19
Jan
..
X '
1
16
—
A
16
2%
^^50
1
37/8
300
2V*
3%
X
37/a
2 74
Jun
174
July
5% Jan
V4 Jan
23
Sep
Apr
Sep
374
Jun
Oct
9%
Apr
7%
600
Sep
23
Jan
fa
1
;
—
—
A
Light
rets ord
of
8
B
voting....
Fort
Worth
Stock
(Peter)
Froedtert
Jan
Fuller
$3
Grain
*
Sep
7 74
Jan
.
X
Jan
6474
Jan
Sep
68
174
1,200
1574
—-
:'--
—
A.-
;
103
Jan
Feb
•/V; 274
Sep
.
10
'■
274
10%
10%
10%
Sep
Jan
151/4
Sep
May
1
10%
Jun
18
Jan
15 74
t'
•
600
2%
15%
8
X,
XX'"",XX
Jan /'■
11...
900
—
2%
2
Feb
July
%
Sep
8 % Mar
-
250
10%
Sep
1874 May
300
V.
2074
Jan
107'a Aug
Mar
8
10
100
--
:_*
_.
X
10%
32
33
100
25
Mar
33
Sep
48%
*
!
preferred
274
,
1
stock—
convertible
27a
X
5
•
44% May
850
15
(Geo A) Co
conv
4%
82
.
A
I X
common
preferred.:.
374
Jan
774. Jan
'Xi.
40
;
15%
1574
'X*.., XXX-*-
1
Malt
&
•
55
.5,
—
*
274
5 74 Mar
400
374
i X
77 %
*
—
Co
' fc.X| X
55,
'
274
• /
Distilling
participating
"
•
; XV-
6 % Mar
1,000
7
3%
I .'X'
1
Yards
Brewing
Co
;
81
vV- V>v<-
,_*.
...
1,300
6Va
55.
•
.
,
non-voting—
Class
-I
.
£1
>
400
1%
x.x
674
;
reg
8%
174
__
/•'
.
774
,
__
X
*
;X
..
1%
$7 preferred..*
Canada—
A
Fox
F
.
.1.11.
^..1
Ltd—
50
200
40
Mar
50
Aug
88
Jan
106
GX|X:(/XI'?:X:X
Gamewell
5%
$6
Co
convertible
Co
Power
pfd
common
Jun
General
Gen Electric
1%
Jan
Jan
Gen
—
Sep
July
_!
-
674
10
Fireproofing common.
& Elec $6 preferred B
Investment
Jan
$6
_*
,.
r.
6
Sep
6
X
--
Sep
;_*
1-..-
Outdoor Adv 0%
10%
Sep
General
Public
Service
Jun
8% Mar
General
Rayon
Co
General
Shareholdings Corp
%
•*
—
'Va
Jan
102 74
Jan
X 400
%.
60
65
% Aug'
95
July
Aug
1/128 Aug
1/256 July
_!
~
A- Feb
55
-
,
...
Sep
1574
59% Mar
XX
"
;_1
preferred
Sep
Feb
12%
'
common
Warrants
Jan
7%
Aug
:
%
Jan
7a
X
A May
__
£1
preferred A
LI
"•XX:::'X;Xx':'XV/
:
5%
5
61
374
% July
_*
1
•
dep rets ord reg
Gas
—
_.
Aug
Feb
52% May
100
5
1
Co Ltd—
Finance
5
.100
common
Alloys Co—;
General
57/a
Mfg Co
>
♦
;
preferred.......
Jan
31
Jan
36%
Sep
Jan
574
Jan
%
Jan
4%
Jan
1
67% May
84
74
Jun
12% July
$6
convertible
General Tire
&
A
pfd
Rubber 6%
2,300
11%
1,000
4%
.
160
_!
55
.J
'X
%
70
1%
Jun
7a
A May
700
49%
W
27% Mar
July
%
Jan
69
Apr
20
.V
....
;_1
com
preferred.'
__
Apr
47
47
pfd A..100
Jan
3574
Apr
53 74
Jan
96%
1
Jan
103 74
Aug
Jan
Sep
1%
16%
Jan
Jan
Gen
$3
preferred
__!_
3%
Sep
16%
Jan
Gilchrist
Jun
5%
Feb
Glen
92%
—X
9tV*
25
25.
21
July
86%
Apr
:
80
May
._*
4
May
.__*
41
Apr
*
Preferred
Apr
25
25
!.
preferred..
(A C) common—'.,
3
July
_*
'.
Co.'
7
2% Aug
.X
Water Gas & Electric <Jommon__.1
Georgia Power $6 preferred
$5
Mar
65
100
$6 preferred—•
stock
_•
Gilbert
1,000
__
25c
preferred
nage
"53/,
25
1226.
.1
_I
% Mar
1,300
20
50
1% May
2% Jan
4%
Jan
6'/a May
x%
"gy
A.
20
Jan
1% May
1 % Sep
II
___•
common
see
4%
2%
2%
'
_.
'
:_.10
6%
1,900
*
Crown
footnotes
&
Co
Motor
Gellman
X
147/-
% July
_T
,
•
Jan
34%
Jan
103
Jan
82
Aug
5
Jan
42%
Jun
Apr
1
Sep
Jan
21
Jan
18
Alden
Godchaux
$7
Gorham
Mfg
Inc
class
preferred
._*
Mines.—..
Co—j.
A.
1374
1
....50
14
4,400
27
.*
;
Consolidated
Goodman
13%
J
preferred
Goldfield
$3
Coal.
Sugars class A
27
25
474
Jfin
Jan
1474
Sep
32
Jan
Sep
9
Feb
July
100
Jan
92
•
A
a.
__
30
10%
27
5
Co
convertible
5
72i/„
38
Jan
Apr
2
147/
Sep
5
a
,
12%
%
1%
34
20
.5
••
Class
Sep
T4 Jan
gg
1
150
..
10c
(Phila)
Jan
~~
50
1
Crown
For
36y
dep receipts (ord reg)__£1
Crowley Milner & Co
Crown
35 y
5
I*
common
preferred..
Petroleum
Crocker
5%
„_i
Courtaulds Ltd—
American
800
Jan
37%
Jan
158%
Co.
7%
5c
Reynolds
Petroleum
"77/
1,800
17
stock....*
|L.
7%
,
•
Mines
convertible
""73/
"7%
~{~VU
17
Sep
..
.1 X'
>'
July
88
Sep
9%
167%
f
General
preferred A
Cosden
'10%
.
.1
common
Cornucopia Gold
11%
•
Cook Paint & Varnish Co
Cooper-Bessemer
1
Apr
% July
974
100
100
Airplane..
&
Association
General
100
100
100"
common.,
'
Fire
Amer
107
10
9%
74
.100
preferred....
Line
Fedders Mfg
1
General
Consolidated
Jan
1%
;;
100
MetallurgicaU—._u_
Aug
Jan
Mar
107
22 % Mar
Jan
%
37
Jun
1%
Jan
May
1674
10
/ 97«
'
1 % Mar
53%
104
33
19
50
100
Oct
114%
Jan
Jan
'
2%
100
Brewing...
Gatineau
4%
Jan
52%
%
37
1
Equipment
Engine
Falstaff
Conv
Compo Shoe Machinery—
Conn
&
I
Franklin
Community
Jan
1%
Apr
41
15
Inc common
Fairchild
3/128 Mar
Sep
Mar
Jan
1%
22
;;a 75
1,275
;
874
74 May
100
![;}■
44
22
21
/
_4
Apr
3%
3/4
warrants
Service..
2
17%
1
....
Southern
••
__
preferred.100
Gas
&
Public
1%
25
Commonwealth
Community
3%
Oct
%
'X/'
%
-
...
Fairchild Aviation.....
Florida
Colonial
Sep
Feb
33a
674 Aug
400
7%
52
5
common........
Pipe
Eversharp
Jan
7'/a
7»/8
.
-
1
70
-
E
X 714
•
common..
Inc..—
Eureka
Sep
3%
Corp
Esquire
Apr
Jan
% Mar
"
July
B__
!__
convertible
Jan
3%
*
Feb
!_1
Corp..
Derrick
$3
Mar
35
6%
..
ordinary
674
3%
Feb
Sep
__
Mar
__
c___—
preferred
Equity
Mar
%
V4%
*
common
Rosenberger Inc
Mar
21
150
300
15
Apr
274
Jan
*
6% Mar
Aug
600
5%
—
Jun
July
13
3V
XXX
—
5
..
_*
__
24%
„•/ 1"..
Co...;
X
„
A-
..100 ?
Utensil
374
Mar
A
67
2%
warrants
Emsco
—
■->.
Jan
25
Jan
_*
preferred....—
Empire Power participating
Jan
—-
Jun
67
Aug
*
8%
Jan
69
7%
r
Jan
72
774
Jan
July
52
130
%
67
25
pfd
Empire Gas & Fuel Co" 6% pfd
>
6%'/«
preferred.
Jan
Jan
62%
;
Empire District Electric 6%
Feb
72
•
28 %
Iron.:..
Elgin National Watch Co__...
Electric Mfg
_!
Feb
10
5%
'
58'%
2
—100 /X-'-43%
—100
1934 X
19%
Machine
Electrographic
Feb
55
Apr
Apr
♦
Emerson
Jan
•
19
.-1
—-
Option
Jan
6%
1,400
__
1
Mfg
Co
2"%
45%
41
6
3*2 Mar
175
8
2%
__
Feb
Aug
2
preferred——.——!;
_* "/ 43
:.
preferred--—
*
45%
Electric Power & Light 2d pfd A...—1• X
" 5 ;X
July
x4%
Aug
1774
;x'x,
' X
10
$6
Jan
02
x6
__
$5
Jan
R3
700
A
7%
44%
*X;
Corp
Plow
10%
Apr
Jun
Feb
-
Jan
Apr
3%
3%
25
common
Economy Grocery'Si
Electric Bond & Share
Sep
*.
preferred
Illuminating..
Development
4 Va
Jan
6% May
150
1
Aluminum
Cohn
5%
1
Electric
3%
800
100
"
Apr
•
$7
Cleveland Tractor common..
Clinchfield
5%
Co
Lambert
&
_.
Lights Inc
Neon
13
;
10% Mar
3%
5'%
500
preferred series A.
Washing
29% July
Feb
Corp
t
Sep
Jan
474
*
—
prior preferred
preferred V
2%
13%
1%
common
preferred
$5
Feb
Jun
2974 July
7% Aug
200
.1
;■
Assoc
Malleable
200
20% Mar
preferred series B._:__
Eastern Sugar Associates—
Jan
47
50
*
Homes
Controller
60%
10
;
&
P
%
Feb
70 V4
60%
—*
:
,107.—Jan
2% .Mar
50
7%-
_.
7%
6%
Easy
Jun
374
1A
preferred B
preferred BB
Claude
8
__
7%
__
100
common!
& Suburban
City
200
A
900
4
preferred
Auto Stamping.*.
City
v
5
preferred
$6
.
% °/p
1%
1074
200
*
Lead
States
Jan
8
Jan
1 "-Jan
__
$6
Jan
7
Feb
% May
10
Sulphur
Fuel
Gas &
$7
Aug
85
200
5
Shaft Co..
Consolidated
Service
__
101
85% May.
,150
3%
Childs Co preferred—
Cities
98%
A
9743%
51%
A
Apr
72% May
80
__
9874-..
9%
Chicago Rivet & Mach
60c
75%
25
Chicago Flexible
$6
90
.1
Chesebrough Mfg
$6
Jan
Jun
Jan
Jan
8
18% Mar
„
v
•••.
——25 H:
.100
Eastern
Jan
774
'
Co
common..
Cities Service
3 74
57/a
Utilities——50o
Cherry-Burrell common
Chief
2% May
100
1
Metal Weather Strip
Chamberlin
500
West
A'rcraft
Charis
Products
274
57/4
7474
&.Light 7%. pfd_.-J.00
Central & South
Cessna
preferred.100
5% pfd—100
Power
Steel
Central
274
*
com
'•:>
.
B
class B
Eastern
5%
2%
1
Elec
&
Power 7%
Maine
Central
Gas
49%
Xl7% Aug
__
Xl
.
Catalin
;
■
Coal
Corp common
Texas
East
6
Jun
5%
......—58%
Hosiery
Duro Test
Jan
674
1 %
3%
Jan
Apr
5%
——,*
■
&
2Va
—
r
—
Jan
Apr
90
—
Durham
Apr
42
35% May
Apr
Feb
7
'
11%
•
Condenser Corp—
Duval
99
100
2
*
Duke Power Co
Feb
12
17%
11%
1
Harris Co.——
Dubilier
A Aug
874 Jan
6
1
...
12674
May
A Mar
xl9% May
—
37
--
1
common
825
99%
preferred..*
•
preferred
200
9%
..
37%
*
common
Carolina Power & Light $7
A
9
9%
*
class A
Co
Carnation
"%
1 a
*
Products
City
Capital
121
100
preferred.:
7%
i
Steel
Corp...
Driver
Canadian
100
.J
common.—1
common....
.
Draper
Industries Ltd—
Canadian
39%
7%
:
—10
Bridge Co Ltd—
Dominion
274 Aug
274 Mar
—
--
—
•
1
common
common——
Truck
Dobeckmun
July
Co
common..:,
Divco-Twin
25
;
Products..!—.1-'.-.-'—10
Vllbiss Co
De
;
participating preferred
'X'*•: 774
17%
17%
1 '/
Detroit
Apr
*
Foundry Ltd—
&
1%
l%
1%
1
Ltd
preferred
Canadian
7 %
Corp
Co
20
._
without warrants.__20
Detroit
Callite
74
46
46
..
1.1
Mfg
400
*.
174 July
74 Mar
preferred.,
Gasket
Detroit
1
1
•
30
30
10
74
_♦
_•
._
,
_!
23
3
Jan
Oct
30
Apr
Jan
32
30
1%
28
Sep
Mar
Oct
Jan
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
1223
NEW YORK CURB EXCHANGE
Week Ended Oct. !i
«
,
Mfg
Varnish
Grand Rapids
Mfg
Gray
Co
Nonvoting
Paper
Northern
Greenfield Tap & Die
'
29
600
58
Apr
132
132
25
124
Feb
—
28 ;:
28 Va
6 %
3% Sep
200
31%"
32%'.
83
Jan
134% Jun
5%
A
Jan
Jun
27
200
!6'/a
Lackawanna
35%
Jan
Lamson
Gulf
%
32%
25
Gulf Oil Corp
34%
Lane
102% 102%
*
• *
preferred...:
Gypsum Lime & Alabastine——
$6
y
Apr
108
Jan
92'A
10
Apr
109
Jan
2%
2% May
—
17%
1
6%
Wells
Co
Feb
H
5
Hammermill Paper—
—10
Hartford Electric Light--;
25
Hartford Rayon .voting trust ctfs
1'
Harvard Brewing Co_—*.
1
18
:
18%
3%
150
10
t,-
"40
42V2
42%/.
Corp—:
convertible preferred
Co—..
6%
Hecla
Mining
Leonard
Oil
Class A-
Heller
Co
common
Preferred
v
—
*
„
•
Steel Chain
7 %
preferred class A
6%
preferred class B_„—
Hoe
Consolidated G M
Hollinger
Co
Holophane
Packing
Louisiana
Louisiana Power & Light $6 pfd
Sep
Inc
Horder's.
Horinel
,
(Geo A)
Horn
3% May
100
6
Aug
10
Jan
100
7% Aug
10
&
Hardart—
preferred—
5%
Land
Conv.
Jan
7'/»
Conv
9%
50
65%
.15%'-:'
400
24
6%
Fibre
Hummel-Ross
50
1st
7%
Lynch
3
3
23
24
Co
24
56
54%
-
56..-
3%
-
—
;
t
v
Div
Co
Zinc
Illinois
Jan
Mangel
Jan
$5
17%
Stores
Imperial Oil
(Can)
Jan
Mapes
Sep
Marconi
Jan
12
Jan
7%
~3
<
Consolidated
1%
Mfg
50
r3%
Ireland
* 1%
9 %"
Massey Harris
Jan
Mead
5%
Jan
Memphis Natural Gas
/:
-
9%
*V
16'A
1
9
7%
7%.
%
Merritt
23%
Apr
preferred
7'#
4%
89
22%
24 V
.—.—100
23%
t
v
Industrial Finance
7%'
t
v
of
Co
North
2%
Jan
8%
Sep
Jan
8
Sep
9
Jan
12% Aug
a; 4% Sep
Apr
2%
Jan
86%
Apr
107%
Jan
23%
40
12
Apr
23%
Oct
25
40
12
Apr
25
International Cigar
Sep
7%
13%
14
175
68%
70
1,200
*
11
11
"11
100
Machine...1
Feb
1% July
17% Aug
♦
55 %
Apr
77%
Jan
13
Jan
r10
Aug
Hydro'Electric—
International
Preferred
% Mar
1,000
13%
70
$3.50
International
Metal
International
Paper Co
International
Petroleum
coupon
2% Aug
Jan
1%
Jan
4%
Apr
4%
11%
2.600
8% Mar
11% Aug
11%
200
9.Jan
11%
Sep
100
4
Jan
5%
Sep
"
5Vu"" 5%'
:
A
Safety, Razor B—
Utility class A
Textile
$1,75. preferred—
$3.50
prior preferred—
Interstate Home Equipment..—
,
Hosiery Mills.:
Interstate
preferred
Interstate
Power $7
Investors
Royalty—
Irving Air
26
.1.
..J.
A__:
Italian Superpower
7%
21,200
*
\
aa
4%
J an
10
Feb
28%
Jan
7%
Apr
Oct
150
8
__
13 Vs
"8%
300
/'Is— ■"
Mar
23
-—
Class B
Middle
Co
1
2%
2%
2%
Glass Co..
*
1
1
1
1
Jan
10%
% July
15
Jan
7% July
A Sep
/
..
Jun
9% Mar
32
Sep
66
66
10
Jersey Central Pwr & Lt 5%%
6%
7%
pfd—100
100
-100
preferred.
preferred.
1,800
Jan
2%
1%
60
—
May
81
$2
Apr
88
Ken-Rad Tube & Lamp
Kings Co
5%
*"■'
A...
95
Jan
Corp
pfd
B___
Kirby
Products.
———
Klein
(D
Kleinert
Knott
Emil)
(I B)
Co
Ltd..——
common
Rubber
Kobacker
Stores.
8
Mar
5% Aug
53
Jan
Apr
Kress
convertible
(S H)
Kreugcr
For
1st
Oil
Piping
special preferred
Brewing
footnotes
Co
see
1
1%
100
200
4%
50
%
U
Jan
1%
Sep
115
%
1%
30
99% July
% Jan
Apr
Aug
106%
Feb
% Mar
Apr
%
Jan
1% July
Jan
3%
Apr
Mar
1
4%
Jan
Jun
1%
Jan
7
7
Feb
5
100
6% July
4% Jun
8%
5
v
3%
3%
3%
400
2%
4
"3%
1%
1%
600
t c.l
5
A:7
100
—:
5% Mar
Jun
% Mar
—--%
Sep
Sep
Jan
4
2% July
8% July
Feb
8
*
i;-;V;., V
27%
Co
Minnesota- Mining
Supply
11% May
525
27%
6
~8%
~6%
%
500
•
■n%:
1
I
14% July
24
41%
Sep
200
1%
Jan
Jan
14% May
2% May
Sep
% May
*
A 75
Jan
1%
7
x5% May
13% Aug
% May
32
Feb
pfd—100
67
May
82
Jan
pfd
100
90
May
103
July
Public Service common
•
Pwr
Mfg
&
&
Mock Jud Voehringer common
"4%
4%
7
__2.50
v;>
7
:
40%
40%
Light 1%
Mississippi River Power 6%
Missouri
^
% May
10
&
X25
50
4
Mining Corp of Canada..
_4%
400
7%
300
4%
X
'
Molybdenum
Corp
Monogram
Montana
Pictures
Montgomery
AA
!
A...
partic
4% July
Jan
5
4
15
f? 1
5%
Aug
3,500
7% Aug
Apr
650
Jan
Feb
30% Mar
1%
% May
Feb
1
A
1
Aug
10
5
Aug
152
Mar
163
Feb
18
Sep
15 % July
20
July
*
Heat & Bower
Investors
44 %
Apr
700
16%
.%
3%
18
4%
18
1
Utilities
Ward
Montreal Light
*
common
Society A
Dakota
4%
1
Monarch Machine Tool
Moody
%
Jan
300
%
6%
Sep
A Mar
26
""%
160
pfd
1
320
18
50
*
(Tom) Dist stamped
Mtge Bank of Col Am shs
163
18
162
*
Moore
"l
lVa
15%
% Aug
600
5% Aug
Mountain City Copper common
5c
Mountain
Producers
10
Mountain
States
Power
Mountain States Tel
common
1%
4%
4%
1,700
300
1% May
4
....
.
1% Mar
;
Feb
6
Oct
1%
Sep
5% Aug
107
107
10
9
9
100
2%
Jan
Feb
5
7
11%
Feb
Apr
May
99
*
May
May
9
..100
& Tel
Murray Ohio Mfg Co
Muskegon Piston Ring
Co
1%
1%
•
114%
Jan
9%
Feb
Jan
11 %
Oct
*
5
Aug
5%
Apr
100
57
Aug
68 %
Jun
11%
2%
common
preferred
250
11%
7%
N
Nachman-Springfilled
Bellas
Breweries
9%
Oct
A Feb
A
Jan
Apr
*
11
Feb
___r
1
11
Jun
14% Aug
Jan
45
900
Sep
20
13%
100
39
1
8.%
8%
8%
500
8
Apr
10%
9%
9%
9%
900
8% July
common
10%
42%
42%
l7/8
*
Light $6 pfd unstpd..*
Jun
Sep
May
•
50
(Del)
Mfg & Stores
National Pwr &
6% May
18%
common
common
preferred
Container
%
common..
Hess
convertible
100
9%
%
9%
1
•
Candy Co
City Lines
•
$6
preferred stamped
*
•'1%
600
1
1%
1%
1%
400
*
Feb
National
Steel
*
% Mar
National
Sugar Refining
Tea
1% July
Jan
1%
—
1% Mar
1
2
A Sep
12%
9%
7%
Jan
Jan
7% July
~~
Sep
2
"2
100
88
,
87%
93
280
10%
Feb
81
99
Sep
10
12%
12%
3%
12%'
3%
300
100
Jan
Jan
Jan
3
73
73
1,000
68%
Apr
68%
68%
69
340
62%
Apr
93
1%
Jun
5%
Jan
21%
Apr
Jan
Jan
73
95%
5%%
8
Feb
National
3%
Jun
52%
Feb
Feb
13%
Feb
4
Apr
;
(
CO «"•
•
preferred
5%
1
200
1
CO
5%
1
CI 0 0
1
I
CO
1i
7'/a Mar
2% May
7%
Jan
25% Aug
Jan
11
7% Mar
7
Aug
200
9
Jan
10%
Sep
800
2% May
4%
Jan
10
Sep
Apr
1226.
—
•
Ltd...
National Transit
12Vs
2%
Car
Apr
50
.100
1
page
Mar
1
class A
Mid-West Refineries
National
Jan
Tunnel
Union
Oil
12.50
&
Co
10%
10%
10%
•
Mines
Radio
Nebraska Power 7%
Nehi
preferred
1%
4%
National Refining common
National Rubber Machinery
Kresge Dept Stores—
4.%"
29
Aug
Jan
•
....
Jan
Jun
3%- Feb
Jair
3%
1,300
~~%
♦
Abrasive
National
July
39%
1
preferred
"l%
dividend shares
Midwest
Navarro
Koppers Co 6%
"1%
1%
•
common
Jan
6
19
Co.—_.f—__io
Inc
2%
94
2.50
National Fuel Gas
27 % Mar
*
Corp common
Jan
37/8
21
Steel Products—
Co
Jan
100
....____1.
Petroleum..;
Kirkland Lake G M Co
1,400
*
1
National
Kingston
126
Aug
Mar
15
Corp $2 conv preferred
116
4
,
45,8
4
4%
•
common
National
100
Lighting 7%
preferred D
2
18
v-■t'e.i.i——1
Mid-West
$3
100
Feb
90
50
Jan
Apr
111% Jan
.'
90
...100
Petroleum
non-cum
Midvale
National
5.
Sep
1 % Mar
8% Aug
23
Jan
61
K
Inc
3%
Feb
Apr
900
2%.
19
♦
25c
National
preferred/..100
Jan
U
:
1
National
Kennedy's
2%
19
*
Scott
&
National
Kansas Gas & Elec 7%
113
110
5
Jan
1%
68
V
%
Apr
% Aug
100
(FL)
Apr
Jan
Apr
10
West
Midland
6%
Jacobs
Jan
3%
6%
*
4
common
Corp
Middle States
Muskogee
Jeannette
1%
10
July
% May
% Jan
13
13
'
Apr
3% Feb
Aug
15
—
1
A
22% May
—*
i—Is
Chute—'
200
7
7%
26%
—
Mfg voting trust ctfs—*
Iron Fireman
6
: '
X
•'
—
July
ai
_*
—*
1,
;
Sep
400
*
Micromatic Hone Corp
% Aug
A Feb
2
•
B
Class
100
*
•
Sep
Jan
2% May
~1%
"l%
1%
•
preferred
Monroe Loan
International
International
27
2% May
32
Apr
15 Jan
11%
•
$hs—
Products——.
International
Feb
1%
warrants
shares
Registered
1%
300
1/128 July
Industries A
700
1%
11%
1
2'A
1%
*2%"
50
Inc
2
11''A
Industries
Sep
July
8%
Jan
8%
700
•
Mfg B
common
Chapman
Minnesota
series..—
International
1
,r2% "2%
1
c
Michigan Steel Tube
Jan
50
10
——100
America
Jan
2%
Apr
Michigan Bumper Corp
13% Jan
May
800
1
common
c
preferred.—..——
1
50
July
25 Va
preferred
Midwest
Insurance
Jun
1% Mar
•
preferred
Metropolitan Edison $6 preferred
2'A Jan
89
4%
v
Mar
Com¬
Participating
Jan
Mar
8 %
•
Apr
23
Warrants
Jan
'>
6
100
12
Jan
50
Manufacturers. class -A—1-
Participating
Sep
5%
2,400
300
Mar
16%
100
"2%
"2%
2Va
*
Co....
&
Stores
--Merchants- &
3%- Sep
v
."
A May
300
20%
'A Aug
Jan
V
400
20%
20%
-
"iVTeb
4% Jan% Aug2
Johnson
&
7%
4% July
Sep
Dredging
Mercantile
Mar
6
Feb"
£1
——
2% Mar
Apr
8%
common
58%
Jan,
7% Mar
Indianapolis P & L 5%% preferred. 100
Indiana Service 6'A preferred—100'
3%
—.*
Preferred
......7%
1,200
♦ A
2% Aug
400
•,
3%
-
46% Mar
100
7%
•37/e
Jun
10
Michigan Sugar Co..
Pipe Line
Indiana
Feb
Feb
1%
27% Jan
2% Mar
:t%
300
Jan
...A
McWilliams
600
9%
9%
1%
Sep
Ltd
Co
Jan
£1
Britain
Great
Jan
23%
Sep
12
Co..
Steam Shovel
Midland Oil
of
Tobacco
%
24%
13
%
Marine
Mass Utilities Association
Aug
~
%
1%
3%
1
International
munication
Marion
'
Registered ...———-—:—•:
Imperial Tobacco of Canada—
5
Imperial
% May
14% Aug
"
•
Co..
Bi
Apr
200
19%' 19%
19%'
300
400
•
Sep
Margay Oil Corp
Mar:;./:' >; 31% Sep
3
(The
15
2,400
8%
%
coupon:———*
Jan
12
preferred
112
.
3%
Feb
8%
102
■.
convertible
15
Imperial
Am
14
Apr
Manati Sugar optional warrants.
Sep
■
•
Chemical Industriesdep rets regis——
:
Jun
Feb
f'
3%
Jun
700
8%
arrear
Aug
57/a
500
19%
17%
1%'
5
107% Aug
—
3%
•
ltf
convertible preferred——_50
certificates.
5 %
500
100
c
88'/a
Jun
.5
•
Co
Jan
1
6%
Mb
Metal
Power
16
% Mar
May
Messabi Iron Co
Illinois Iowa
7
%
July
6 % 7*
v
5
Apr
13% Apr
200
,
16
Jan
5
*
*
5
Jan
93
common
Oct j/i
21%
350
.
Huylet'g eomm0ft._—— _1" «■/
V t c for 1st preferred
_JL
Hydro-Electric Securities—
Hygrade Food Products———
27%
100
12% Aug
.
Feb
July
20
Feb
2%
100
.
-
Feb
%
•
pfd
1st pfd
Corp
Apr
12
12
•
„
5
——*
Corp
Ligonier
Hussmann
500/
17%
19%
1
11%
5% Mar
1,800
14%
27%
—
Exploration
Sep
12% July
5
;
Jan
Jan
i«
6% Jan
Apr
Jun
300
66
,.6
14%
&
McCord Radiator &
Inc
Humble Oil & Refining—..
(Harvey)
Hubbell
Jan
5
Jan
67/8
•
1
*
100
Co common
(A C).
Horn
& Co common—
1%
10%
2% Mar
Ludwig Baumann & Co—
1 % Mar
6
Feb
Apr
Jan
11
6%
*
Jan
Manischewitz
5
•
*
•
common
"l
100
Jan
31
1,600
X
14%
6%
13%
Jun
25% Mar
9% "
65 %
66
10
& Co class A
(R)
24
"I
.v—-100
2%
Sep
3% Mar
9Vt
July
Feb
200
*
common.
Feb
3%
5%
—
1V
23
*
Corp
Apr
7 %
"
7%
102
3% May
5
Long Island Lighting
Star Gas
20%
20
10
5,700
iV
*
common
14% May
'
2%
i
Products
Hildick
"4%
Inc 6% preferred—25
(Thos J)
13
:
4%
(
7
X.
—
5
Chemical
Heyden
1
^ 35
24
Jan
2% Mar
9% Mar
i
1
4%
Jan
9
3
2%
5
Material Co
1%
Jan
150
31
4%
4%
•
Jan
43% Mar
1%
1
1
Inc
Lone
7%
31
Henry Holt & Co participating A„—*
Piewitt Rubber common
(R G)
Brothers
Loudon
1%
.■■■
Jun
1
25
Development
Le Tourneau
'
•
•
2
—25
Rubensteln——.
Helena
May
July
5% May
Apr
t
•
2% May
;
5
50
25c
Oct
5
2
100
*
Lehigh Coal & Navigation
Jan
46
May
1% Aug
--
V.'
*
——
Dept Stores common—
Hearn
preferred
Jan
19
Apr
%
:
of America B non-cot com__1
Hazeltine
17
200
2
1
Convertible
"
Hat Corp
90
1,900
_
'
—
—
6%
4% May
Feb
15
19%
6
*
Locke
1
—
18
Hieh
13%
...
Lit
Co
17
1
common
B
Lipton
Lamp
Loto
-.2%.JQ2%-
1
5
100
Corp
Class
Line
Hall
Range Since January 1
High
Langendorf United Bakeries class A—•
Jan
91
Utilities $5,50 pfd
States
Low
1% July
Feb
24% Mar
3,600
Shares
100
(N J)
of Delaware
Lane Bryant 7% preferred
7'/a Mar
Jun
RR
Mines Ltd
Shore
Lakey'Foundry & Machine
Lefcourt Realty common
—
common—25c
Products
Stores
Grocery
.
for Week
Jan
Jan
t\
800
Sales
Range
of Prices
4% Mar
May
73
Week's
Last
Par
Lake
—
1
25
*
York Brewery
Greater New
Great
—100
2
3%
-
72
preferred
1st
7 (lo
200
3%
..
;
Friday
Sale Price
Exchange
Week Ended Oct. 2
High
3% Aug
3%.
.
jstock—
common
Low
High
Curb
York
New
Range Since January 1
--
Pacific Tea—
&
Great Atlantic
Shares
•
19% Aug
10
1
5
common
STOCKS]
tor Week
Low
Par
■
Gorham
Range
of Prices
Last
Sale Price
Exchange
Curb
Sales
Friday
STOCKS
York
New
Week's
2%
2%
2%
%
%
100
%
Feb
9%
Aug
11
102% 102%
90
102%
30c
^
preferred
—
—
*
100
Corp 1st pfd
Nelson
(Herman) Corp
Neptune Meter class A
Nestle Le Mur Co class A
.
84
~
5
—
4
4
•
.
*
100
2%
% Aug
Mar
Sep
113
Feb
Aug
84
Aug
Apr
4
Sep
6% May
— —
—
8% July
Feb
1% Aug
1
*
THE COMMERCIAL & FINANCIAL CHRONICLE
1224
Monday, October 5, 1942
NEW YORK CURB EXCHANGE
Exchange
Curb
Week Ended Oct. 2
/'
df el
England
New
N
N
B
Jan
68 Va
1%
Apr
Feb
Apr
Jan
18
shares
"
70
74
16
91 %
Jun
94
80
99%
27
^
27
24%
7
Mar
27
Feb
Sep
69 V*
50
Feb
Oct
53
Reed
Feb
1V«
24 V8
l,.>i>0
26
:
Red Bank Oil
Jan
Apr
.
-1/256 Mar
-
common———5
-
preferred————.——100
A
Class
;
*
■
Niles-Bement-Pond
———
1
Nipissing Mines.*————-5
Noma
Electric——1
North Amer Light & Power common—1$6 preferred
————————*
North American Rayon class A—*
86
10
•Rice
Manufacturing Co
Stix
5%
%
■
.
-
:
■
Jan
.
18
%
Sep
88
18%
52
Apr
15% May
—
Root
Jan
Central Texas Oil————5
Northern
* __y
■'
7%
Royal
"
• **
Apr
C"'
U'
Apr
108
18%
Mar
Sep
■
•
t'.'C
•
100
■
14
76
Sep
1OT-%107'TC
407%
Feb
H27/a
Apr/
110
80%
14 Va
-14%-
Sep
98
Feb
'46%'-
12'.
200
46%
50
110
110
Jan.:
7;
Apr
■40
li*
2 Va
.2
Va
' 2
Va.
Co:
United
1
July
% Jan
95
Jan
~
77
May10%'May
7V* Apr-
12% Mar
9% Jan
*
—-
13%
-
*
3%
3%"
"
.—r\4;:
■
*
"
3%
3%
2%
;
53
'" Jan
13%
Feb-
3 Mr
Jun"
1%
Apr
700
•
200
Oct
5% Feb
:
/ 2% July
il Feb
-
%
-
Jan
*3% Mar
2%
100
*
-2%
%
.*■
Feb
Jan
15
13% Get
700
-
*4%
2%
100
-
13%
3%"
Apr
9«/4 May*
36% Mar*"
S50
43%
43%
*
13%
Junv
IV*
V* July
'
%
Corp
Mills*—*y*_—
105
•
%
/'■;** ■"' :.;:Z
common—**_—*—**♦
'
23
19
80
■'
10%
I5V2
16%/
257/a
«
!■■
-
Sep
■a
Jari
12
Apr
Apr
-flr-Feb/
•
400
^
*23
Apr'
lO
400
25%
preferred—*——*25
16% ^ '
Manufacturing*—
*25;. ! 257a
Scran ton Electric $6 preferred———*
: *
Scranton * Lace
common
—*
:: vy:
Jun
";V Vz Sep;
100
2j40O-
Convertible
Jan
3% Jan
"""*/* Feb*
100
23
**■•/■■'// ■—;
'
10%
"**
Sep
1% Juljr
600
%
120
105
150
"
' 2%
8% May
2% Jan
IV* Aug,
1,500
<
107
2V2'
**
*
...
-105
;
8% May
1%
j y4
2%" •'
Co*,***—*—**_—*—a***5
Co
*
1%.
—1
common
% Sep
Sep
"
' "
—
/
l
*
Va
8
Jah
16%
26
:i9% May..
Oct
Jap,
112% Mar
Ill
Mar
*16
**
Jan
-19
Aug
July
6'A Sep
69
Jari
Scranton Spring Brook- Water Service—
$6.
Jan
preferred*——i*—**************:
Scullin
Steel
Co
-4% •'Sep-
common.—**—
Jun
4%
Jun
Securities Corp General
1% Jun
100
.
% Mar
2
1
Oil
Jan
111
May
2 %
Feb
Seeman- Bros
3
1
Securities——„„1
Feb
Jan
11% Apr
X6 V* Jan
Apr
5% Jun
5
Scovill
Jan
.
■48
4% Sep;
.Omar Inc——
10
•-■Schuite--^-A^--€oinrhom^a-g^—
Aug
«
17
v
Apr
95
10
y
80%
*
—
preferred^——-50
.$5 Va conv prior preferred————*
Oliver United Filters B——-—*———*
10
20
Savoy
Feb
5% May
$3
400
Jan
5%
'
Va Jan
Sep
.112
91 Va
40
11%
-
;i!
11%
Jan
27/« May
5
Schiff
Jan
100—Mat-
-90-
101 Va
100
1,600
y.' i"
preferred—*_—*———100
Sanford
Feb
100
91
-
Oklahoma: Natural Gas common——-15
Overseas
Feb
17%
Jan
110
:^
2%
1% Jun
100
,
110
i6
82%
.--1
'■
,
2%
15%-;
4
9%
1
St Lawrence Corp Ltd——_—*—*•
Class A $2 conv pref
50
St Regis Paper common—**—**—5
Samson
'78%
r
-
-50
-
Jan
'
79
3%
11
Consolidated Petroleum—**—*
Salt Dome Oil
2%
2%
15%
y
preferred
—!—*
Ohio Oil 6% preferred—-————..-lOO
-Ohio Power^%^ preferred^—WilOO
Ohio Public Service 1% 1st-pfd—100
6% 1st preferred————100
Oilstocks Ltd common—*—*5
$6
3%
10%
Co—**_„_*£—1
common
18% Mar
Apr
aV Apr
Typewriter— x*—***_—■*•
7%
Ohio Edison
Apr
Jan
1% Jan
% July
14%
10%
pfd D—100
Inc—*_——**—*
Ryerson & Haynes
O
Ogden Corp common
.————4
Oriri Brass- Co class B common——*
Apr
2%
6Va July
11
•■
16%
5IV2
9% May
l7/a Mar
3uU
12% July
45 Va Aug
Jan
7% Jan
5
Corp—»——————*
Novadel-Agene
72%
10
>
-
Sep
•;
•**—
Jan
102
87
v
-85
y.•—■•;.•
y' •—
A——25
Power class
States
Northern
•
-i*-y.'-:;r:..y 85
Service 6% pfd_100
preferred-—.————100
Line——————10
Nor Indiana Public
Northern Pipe
3%
50
Feb
it J&n
.
41%
400
Royalite Oil Co Ltd**---—:
—*
Russeks Fifth Ave—1—_—*_*****2Va
Ryan Aeronautical Co__—*—__*_1
Sep
July
^ May
A May
3% May
13%
■
Jun
Valley Gas Co v t c**—1
Petroleum
Ryan
-
^
100
1% Aug
**1
$1.20 convertible preferred—
19V4. Sep
Jan
40
40%
13%
Rochester Gas & Elec 6%
Feb
%
50
200
Utility .Securities——*
American
North
Jan
in. Jen
6%
iV Jan
5
Rome Cable Corp common*——*
Roosevelt Field Incri*——******
Jun
2\<z
:
15 Va Mar
100
V
18% <
18
Jan
,
8Va Apr
;,■ Apr
4
50o
**_;
Goods*—*
Radiatori.—:***
Roeser & Pendleton
5Va May
50%
18
18
18
350
65 Va
62%
64 y
common——-.——'*——*
6% prior preferred
.*—50
6,600.
v
Jan
14%
Sep
% Feb i.'l;
2V2 Apr -y y
-h Feb ^
200
%
-
.*""%
-
70
150
Apr
,'.*.<&■ May.
Dry
Richmond
2'/» Jan
90
Apr
8'A Jun
2,600
9%.- 9%
—
B
Class
86%
-
yy.
86 % : 86%
y>.,9 %->
B—
Nineteen Hundred Corp
Apr
May
.
200
Roller Bit Co****—***^—*—*•
Rheem
Va Mar
2% Mar
400
2%
2%
/•_*
56
700
■fk.
40%
Republic' Aviation——*—**;*—1
1/128 Mar
J* Jun
y
%
5%
1
Co—
Reiter Foster Oil Corp.—
Reliance Electric & Engineering—
Rio Grande
Niagara Share class B
20
$3 convertible preferred
—*
Raytheon Manufacturing, common*.50c
Jan
37
;:
r-
102
Apr
19 l/a
.
4,800
1
37 ,/ 40%
Jan
% Sep
20..
'
%
1
40%
24%
-
-
.
67
8%
Railway & Light Securities
;
Voting common—
.*10
Railway & Utility Investment A
.1
Rath Packing Co. common
10
Raymond Concrete Pile common——*
.25 %. Jan
V ;
6% July
^ y
y
High
R
Jan
100
May
500
83%
18%- 19
*9
4
-98'2 - 99%
Low
139
Radip-Keith-Orpheum option warrants^.
Feb
10% Aug
rK:
Jan
81% May
100
2%
-.
11V« July
250
93%
%
Range Since January 1
High
67
Jan
3Va
Apr
7%
82
Shares
Jan
■
optional warrants—-———
optional warrants-——.—-
A
Class
12
50
15%
92
common——10
1st preferred—-—-—-100,
2d preferred:*
■————100
Class
10% Mar
—
Niagava Hudson Power
5%;
100
yyl%
15%
Low
Quaker Oats common*——
—*•
,6%
preferred—**—*—_——100
Quebec Power Co*—*——4
Jan
—4%-Oet-:-
300
•-
;
X Water Service 6 % pfd———10Q
5'k
101%
v
tor Week
; of Prices
Par
7Va Aug
Apr
Apr
1V#
15%
1
N. Y State Electric & Gas $5.10 pfd_100
NeW York Transit Co———*—~5
'Founders
...3
.
27/s Mar
!■'.■.
Shipbuilding Corp—
...
Sales
Range
Last
Sale Price
Jan
€0%
59%
80,a
80%
1G0
100
Week's
Friday
Exchange
Jan
11 %
11%
>;
■
preferred—*——**————03%
$6
N
-4%
-*•■
-i
Y Merchandise———:
-10
Y Power & Light 7% preferred—100
N Y
30 Va
7Vs Aug
:
4 Va a
84
83
i-ft
—.10
y & Honduras Rosarlo—
N
Apr
,
83%
<Y Ahction Co common.——*———•
Y City Omnibus warrants————•—
N
Apr
lVa
19 V*
600
21 Va
Curb
Week Ended Oct. %
High
Low
High
19 %
19/4
—_-a-I6q
N,ew Jersey Zinc___——-*5
Neifr Mexico & Arizona Land—
1
N
Range Since January 1
%
common:—;
New Idea Inc
Shares
--
Clock Co.*———*!——•.:
Haven
New York
for Week
low
*
109
England Power Associates
6%
preferred
.—***———
New
New
Range
of Prices
par :
,
STOCKS
Sales
Week's
Friday
Last
Sale Price
STOCKS
York
New
Inc—
' '»**
.**.
.
1
*-
29
—
i 6%
,♦
*. ■
J——
*
:■
9% Jari
•
4
Mar ::
■**■...,■
.**
'
400
7
**
■
0 July
36
20% July
—
Mar
'
Segal Lock &
Hardware
%
—1
Sotberlmg Rubber common—*_*—*•
Selby Shoe Co*.*—**—*_2——*
Paoific
Co common.
Can
26 %
28% r'
"26 %• 7
Pacific
96'
96
Pacific
Power & Light
76%
76%
Pacifi c
Public
1st
**
■
76%
7% Pfd——100
Service———*———•
Apr
29%
Jan
27%
Jan
" "
.
.
98 Va
Jan
10
20
\
90
.
71% Aug
Apr
.
~.
.11%
1st
"3Va ~3%
"3%.
26,700
Feb
July
July
13
y
Aug
; 3:
3 ;
;
,
*
•
4%
■
■
Allotment certificates*****—**—*•*
Sehtry_i^fety~Cohtrbl*—**__——.—1
■
Motors: Corp*———*1
Parker Pen
Co..;—:—_—**_——,_*:._10
1
Patchogue-Plymoufch Mills_4ia_——*■
Peninsular Telephone common——*
$1.40 preferred A-—*———.——25
Pa.tkersburg Rig.< .& Reel
.——1
Pennroad- Corp common—
common————1
Penn Cent Airlines
Pennsylvania Edison Co*,$5 series. pfd_*
.12 %
,
.
.
10-
50
.
,26ta >
24y,
26%
.
,
V:
3%
.,.
May
.
30.
.
Jan
y
3%
9
Mfg Co
Salt
Penn
sugar Prop
50
!——
•
—100
Ctf—_—_*.
Perfect Circle Co
2%
Sep
3%
Jan
"*"2,700
5 Va
Apr
97/«
Oct
41
59 '/a
67%
40
125
.
f-'-' : •
Philadelphia Co common*———*
•
Phillips
Packing
Phoenix
Securities
Conv $3
Pierce
.——25
*
*1
common——,
preferred series A——10
Governor
Pioneer
pfd
Co
62
Gold
.62
:
.
Co
Solar
Aircraft
Sep
Solar
Manufacturing Co
Sonotone
100.
Jan
Soss
Co.—
Corp/*'.*j
125
.50.
,
2J/2
—
'
47'
48
92
,
,
93%
93%-
,
300
36%
175
-
—
.
~3% .*"3%J
.
3%
3%
.3Va
81
1,400
i
50.
Jan
Plough
Inc
Manufacturing
Penn
■5%
.
;6
41%
4 Va
;
6%
5%
6
40 V4.
Feb
Southern
4%
Feb
Southern
Phosphate
3% Mar
6V«
Jan
Southern
Pipe
700
*
41% /.
31% Mar
y: 41%
31V4
1%
Jan
5%
Jan
43
Jan
46%
Sep
63 Vz
Feb
Apr
12
Feb-
47%
' :47%
y
y*.
48
11
11
July
1
;
9
100
„
;
,
71
2
2
--74%"-
*
2 Va
3%
Feb
Jun
8%
Apr
8V4
Jun
13
Jan
' Sep
300
Apr
—;
"*3%
-r
"4
4V8'.
4Va
■
.'fit
4%
-
3
•
Jan
2%
500
,
4
1% Mar
2,200
*_—*—*—•
Prentice-Hall
Inc
Metals
Pressed
—*
18%
1
%
Mining
Gold
Premier
Co—
of
Producers Corp
100,
%
:
400
;~3% -~3%
Sep
.
4%
2%
•;
100
of "Nevada—*:
•
200
% Mar
,,
^*
*
8%
•
■
—
""4%;
4%
*
Apr, :
1%
Feb
1%
*_
:
Juri
2
May
3
.
Apr
—
{/
2 V*
400.
":-
1,000
_*
r/:
2%
-
*;■:.
■.*_
-
2
2'/4
;
:
■.
}3. Jan4 V ,4;1% Feb
2 Va Jan
Apr *
1V2 Sep
;2% Apr
3 Va Aug
1% Jun
36 Va Sep
27% Apr '
•
2
..
,.,
*_.
'
**
3
>
1%
,
3%
'
35%
'
700
■
400
36
25
**
Jan
-27, :
39%
—
39%
10
28%
300
24% Mar
%
Co
%
%
-
Va
1,000
.
1st
7%
1st
preferred—;
preferred
Jan
__
10
•
107
: ;v •*_■:
105
100
;
1
Feb
i02
*100
105
40
—
1%;
?
Sep
"Jun
1
100
5%
57/»
500
1%
1%
1%
300
1%
AU'g
SVa
:
■
■
:
2IV3!
j-
>
—
-
..
5
2Va Jari
29
$6
*
Sound
Pulp
Pyle-Nafcional Co
P.vrene
8V2
5
common**
footnotes
41%
& Timber
Manufacturing
For
42%
8%
preferred
Puget
see
*
page
^2
1226,
10
"
98%
10
e'/aJuly
Jan
1%
23
May
Oct
SeiJ
1
1/64 Jan
1/64 Jan
.
2 »/a
—
lVa
"
Jan
Oil
(Ky)_
*
(Ohio)—5%
10
**
:
•
.
12
4
—
...
-
.% Jan
Feb
Vi.Mar
3 Va
IV2. Aug
97/a .Apr
1%
200
Sep
,
1,700
50
*12%
^
Feb
10
103
108% 109
14
.
10 V2 May;
—
108%
pfd*—*100
600
.
1%
1%
**
%
lT'a
1%
Jan
,
to'
Jari
Standard Power & Light—*—*—!
Common class B
:
_♦
Preferred
V«
Apr
Standard Products Co—*!—
4%
Sep
Standard Silver Lead.——I
Feb
Standard Steel Spring*.*****—***
7%
.
Tube
class
*!
1
-
.
,
2
109
Feb
Starrett
.
V$
—
13%-13%
111
Mar
Steel Co
of Canada.
Mar
103
Feb
7
43%
975
5
Jan
52%
Feb
6%
8%
400
8
Sep
16%
Jan
'5%
8% May
7
Feb
(A)
-,«■ •*
.
Va
"
18
19
IV*
—
Jan
Jan
Ja*a
..
i'«
May
2,500
3a
Mar
7.00
13%
1%
rl9 Va Jan
6 V* Sep
,
v.
Sep
i*a
i
Jan
200
•
Jan
.
—
:
„
•
.*1
1st preferred..:
20
:
—
—
*_
2 V4
•
preferred
Sterling Aluminum Products
Sterlmg Brewers Inc
—1
1
1,000
46
•
2 V*
50
2d
Va.
—
—
,
•••
.
2
34
—
'
*_
lVa
'
■
•
.
6
6
200
I'/a
IVa
200
i
1
9 Va
37/a
Apr
Apr
Aug
Jan
35Va Mar
Apr
8
"
Apr
Apr
,i\ Mar
46
Apr
2
.
%. Sep
20%
Aug
8
——
200
Apr
Jan
V« May
Aug. "-
12
-100
IV4
-V4'
**
•
& Co common.——
Sterchi Bros Stores.*.
Ana
8% May
'6V8 July
.
,12% Sep
14 Va Jan
Jan
4Va Mar
,V
-
19
(The) Corp voting trust ctfs__l
Apr
'
.
110 % Ft)b
.Apr
i%
—
—
—
•
5
—i
B
'
.**.;.,
——!——*—••
3
96% Apr
Jan
Jun
—
r.w*
2%
1% May
100
—
—
—
"
2%
—
_*
convertible preferred*—*****20
$1.60
99
-
Sep
Jan
%
-
.
400
21 ■' i 22 V2
'
.! '
.
*
Stein
98u-
Jan
7% Mar
-
23% May
,
—
.
Feb
106
•
prior preferred—
Feb
!
5%
:
Spencer Shoe Corp**
———*—•
Stahl-Meyer Inc—
—*
Standard Brewing Co
:
2.78
Standard Cap & Seal common
1
Convertible preferred
1
*10
Standard Dredging Corp common
*_1
Standard
Puget Sound Power & Light—
$5
July
122
May
5
6
*'■
''
•**
-
**
•
25
Royalty Co—.——*—5
Spalding (AG) & Bros———**__1
•1st preferred
;
•
Spanish & General Corp—
Amer dep rets ord regis
Standard
*
Aug
26% Jan
*
107
"-_*-■
10
4%
Apr;
H May
Jan
6 Va Mar
*—100
; Jan
29
,
23% Mar
class A—25
Line*—
42
30%'Mar
28V2
*25
_25
.*25
'
6'/r
Mar
'
preferred A
Feb
Service of Colorado—
Public
'
*«
■
27/a
**_1
Gas
Apr
2
May
164% Sep
July;
Sep
20
.'■16% Feb
33
1
*
Prosperity Co class B.
Providence
18%, v.
common—
America
1
130
.
"17%
v
.
Southland
Standard Oil
Pratt & Lambert
—,
.
'
15% "Apr*}
**',/•
'
*.
Aug.:
'8$ May.*
**
Oct
Jun
9% Jari
!
-
•
Oct
Oct
55%
2,500
.
Apr
of Canada
~Jan
74%
2
>■' 7
74%
'A
5-
V:
Jan
11%
78% July
Oct
170
Alexander
1
**
J—10
Southern Union Gas
common———,*****7.50
&
■
10% July
8% May
7Va
Powdrell
,63i Sep
\
f,
,
:
*
-
Jan - 4 115
110
/.,
**
,
,„■.
England Telephone—100
Apr
—10
Power Corp
New
Power
Jan
50
common—*iu*—*5
Colorado
3%
100
4% May
37
Jun
Sugar
'
v
original preferred
preferred B_
preferred series C
6,500
4Va
Feb
4
Sep
9% Feb:
59% May
60
112% 112V*
25
5j/2%
Jan
4.
700
common—
30O
—
•«*
1
Oil————.
29%
4Va
Polaris Mining Co_*_—_**———***25c
Potrero
100
75
'
**
1
1
common.*
Southwest, Pa Pipe Line*
3% Aug
5%
Pneumatic Scale
11%
74"%
Southern Califouila .Edison—
Feb
22
i
:
45
Aug
,96
May
,3
Jan
3% May
Jan
Jan
Mar
20
Jan,
1% Apr
100'
.
175%
Apr
*
—
* •
1
South
Postage Meter—
—
2
2,000
11%
.
1
*
'—_**—-**
South Coast Corp common
600
E RR—*
2 V*
.
Jan
%
1
Pittsburgh & Lake Erie
50
Pittsburgh Metallurgical***—
10.
Pittsburgh Plate1 Glass———****—25
Pleasant Valley Wine Co
1
'
.**
• ••
;
.-112%
Simplicity Pattern common
1
Singer Manufacturing Co_***_!*.*_l00
Singer Manufacturing Co Ltd-*
Amer dep rets ord regis—_—*_*£l>
Sioux City Gas
Elec 7% pfd——100
105
1
Pitts Bess & L
-
**
Simmons-Boa rdman Publications—
' $3 convertible preferred
Sep
.
! 45%: Feb
Apr
//a -Aprr ":
% Apr
4 Vh May j
-4% May
4%- ,Fcb'i" ;•/'•'.5% Feb.
**
•
2
Canada——_i_* ,;
commoh/—li*,
—**.**V
**"-•'/:!; ;*«
!
;
•'
1
Silex
Oct
Mines Ltd
Pitney-Bowes
**
1
,
■
Sherwin-Williams of-.
141%;
140:
**
10
,
*
common*^
38'
July
,/l% Jan
38t; Apr-
**::t
**
•
pfd series AAA——i—*100
cum
Southern
Phila Electric Power 5%
25
common
y; y'v-7
■
;
_1
250
.
Oct
Sep
/ ik
.
3;
Mar
l
*
12.
;
Jari
*
1,250 -
1
62,
—
—
Pharis Tire & Rubber—*—*_:
**:
'
__
Feb
30%
Mar
59%
1,590
8% Jan/
,.
400
...
■4%
Feb
56
Sep
20:. Mar
,
63%
**20
common*—*
Penn Water & Power Co**,
Mfg
9.900
9%
'
40
/
.*
■I
Penn
3%
9%
9%
43
Denn
:
31 %—Aug—
29% July
5%
Sep
Sep
9
Va
"1% :
43% %
'** ■/-; -**.;::■
•
class B—*,———1
.—*■*—***•;.
;
Mining*—2 V#
Shawinigan Water & Power.—
11%
May/:
14
Jan
4% May
•
Light $7 preferred——*
preferred—,——*—**——*
Pepperell
12%.
.
v
———•
$2.80, series preferred.
Penn Gas & Elec class A. com.:—
Penn Power &
$6
II
3Va May
V«
■
1%
**j:,-
Serriek .Corp
Shattuck
Jan t
Co.—_:—————2 %
Traffic
Penn
—
,
-
Se'ton Leather common—
•
Sherwin-Williams
Paramount
•'
■.
J;
1%
'*
2 V* Mar
—
,
43%,
,
.-
2,700
■
V2" Jan
^ Apr •'
:
.
Feb
87
,2% Aug
preferred————*
Pantepec Oil of Venezuela Am shs_—
$1.30
July
24%
1,400
100
•
4%
"
»/«
Convertible stock—^*'_'*———5
$5.60 prior stock*l
—**25
July
9
^8%
5%%
22% Mar
;
1st pfd—25
preferred..—————25
Lighting $5 preferred————*
Pacific: Gas & Elec
3%
__
Selected Industries Inc common—1
9
%;
-ft
4V»*
500
4%
8
Feb.
6 'A Sep
il Jari ■"
Apr
V/i Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
,Volume 156
NEW YORK CURB
1225
EXCHANGE
'
Last
Range
.
Sale Price
Week Ended Oct. 2
of Prices
Shares
Week's
Low
Par
1
Inc——
Sterling
(Hugo) Corp—,
Stroock (S) Co
—;;
Sullivan" Machinery.'.—2—
Stinnes
—
—;
LOW
%
T
Jun
2
1-1%-:
Ray Drug CO—. "--1
Sunray • Oil—
'5%% convertible preferred- —50
.—25
Superior Oil Co (Calif)—
*'•
Superior port Cement class B com
:::i5
Swan Finch Oil Corp—„—
■; 7".':
Sun
7
-
8%
300
10%
10%
—,
50
9%
50
":7
2/>2
43%
42
44%
43%
:
' Jan
600
•
...i
-1950
—3%s~s"t_debs—————:
-I960
j-r
-1970
J-J
2%s
Apr
Apr
f debS;
s
3%s s f debs,
-r:
J-J
January
NO.
Low
102
103% 103%
—
1
High
104,,
~
——t io6V4 io6%
1O1%~106%~
-
106% 106%
44%
MS
-1961
J-J
—1970
J-D
deb' 6s_—
Amer
Sep
Sep
11
-2016
Writing Paper 6s__
Appalachian Elec Pow 3%s_
Amer Pow & Lt
45% Feb
2 %
Feb
Appalachian Pow deb 6s.—
.X2024
..1956
-.1953
94 Va
■
83
102%
-
J-J
4%s—.
Elec
218
"96%
-84
-
1Q9,W
79%
127
1,
-127
43%
85
104 y« 107 ya
124%, 130
17
105
60
38
106% 107 V*
44
86%
5
106%
*106
A-0
Associated
96
J-J
Arkansas Pr & Lt 5s
8% July
Jan
Sold
High
Jan
12
9% Jan
7%
Range Since
Bonds
Friday's
-
% Aug
13% Jan
39% Jun
>26
Apr
10% Feb
100
44%
:
or
American Gas & Electric Co.—
3% Jan
6% Sep
1% May:
-600
Last
Sale Price Bid & Asked
Period
Low
'
% Mar
—
Friday Week's Range
Interest
Exchange
High
Apr
11
100
Ills
Curb
Week Ended Oct. 3
Range Since January 1
High
%
■
York
New
—■ *
Co common,.*..;—...
(J B)
Stetson
BONDS,
Sales
tor Week
Friday '
STOCKS
New York Curb Exchange
44y*
107%
47%
§Associated Gas & Elec Co—
*
2%
18%
2%
18
7%
Technicolor Inc common——
7%;
90
16%
10
2%
2%
500
14%
350
7%
11%
11%
-11%
74
7%
12%
F-A
11%
10%
12
14
7%
12%
Apr
ADebenture 5s
———J—J.
.1968
A-0
11%
10%
11%
152
Jan
8%
.
100
AConv
5%s——
.1977
F-A
11%
10%
11%
11
7%
.1955
AT-N
66
66
67
6
55%
4%s
1948
4%s——
deb
deb
l
15% Feb
Jun
Assoc T & T deb 5%s A
'
Tilo Roofing
-
Construction—
Tishman Realty &
3
•
—,
5% Feb
Aug
% Feb
Atlanta
% Jan
Product
Tobacco
40%
2%
2%
Exports-
Apr
2%
Sep
200
2%
;
49
1
Jan
3%
12%
J-J
—1947
67
1107
■' '
J-D
^
106
109%
106
106 ■■■<■■
10
106
108 '/a
105% 107%
(B. F.)—
warrants-
99%
2
99%
99% 100
Baldwin Locomotive Works—
Trust Co Ltd
.Amerdep rets ord regis—
Todd Shipyards Corp.—
Toledo; Edison 6% preferred—
.100
100
59%
10
58% Aug
92
92
92
10
85
130
95
97% 100
.%
1%.
%
.
95
Jan
Mar
x103
Jan
Mar
111
% Apr
400
800
5
1.'
400
/
4% Aug
4% Aug
59%
.100
7# preferred,
Tonopah Mining of Nevada
Jan
%
Convertible
6s
5s
series
C
1%
.
-10
Trahswestern Oil Col-—-
•
'
i /„
warrants..
S
%
•
it
Edison
Boston
%
Jan
7%
Apr
6s
Il2%
116%
152
152%:
115
116%
Jan
Canada
Sep
Central
2%s——
.
5
6
3-D
.1970
151% 155%
15 •;
102% 102%
101% 101%
M-S
1968
100% 103'/a
99
*103% 104
'/a 102%
101
104
Jun
4%
Q-F
1998
—
Birmingham Electric A'/as
5%
3% May
1,500
114'
105
1121
116 \
Af-N
_——.———I960
46
107% 108
*114% 114%
J-D
^.1957
Jun
1% July
Feb
% Mar
*
108
M-S
,.^.1950
—
—
Bell Telephone of Canada—T
1st M 5s series B—*
Bethlehem Steel
.1
Trans Lux Corp_..........
Tri-continental
7% -12'/:
Apr
Tobacco Security
;
M-S
.1964
Light 4 %$..„_
City Elec 3y4S—
without
5s
.1955
Gas
Atlantic
Avery & Sons
Allied Stocks——
Tobacco &
•
'
v
-
11
•
3% Mar
2% Mar
14
—i
Thew Shovel
/
86
11%
W0%
J-J
.1950
deb
ACtmv
3% Mar
-19% Jan
Jun
6% July
Jun
1,000
90
14%
14%
—5
Inc—
700
*
•
2% Jan
200
,
18%
7%
Light 1% pfd—— lioo
.Texon Oil & Land Co.——. -_2
Texas Power &
Co common—_
2%
>M-S
.1949
AConv deb 6s_.—i.---
AConv
i
Taggart Corp common
.
Tampa 'Electric Co common.——.
..".a,.
1954
MS
5s—1953
Af-N
Broad River Power 5s
'
Trunz
Chatillon Corp——
■
.
Class
A
•3%
7
3%
Inc—-i-i.—.
Tubize
7
3%
37
—-———
100
Jun
29
Mar
300
,
Sep
3
150
1%
7
300
37%
1%
Tung-Sol Lamp Works^—-80c convertible preferred
"■>;
1
Aug
A
>
38
22
2
4'/a July
1% Feb
6% Jan
A5
-1
;
;
United
Aircraft
t
3% Aug
12%
12%
400 '
•9%—9 %
9%
%
%
—1
116%
;*lst $7 preferred non-voting—
Option : warrants.———————v 2.2
•
; \
United Gas & Elec Co <7% pfd——.100
♦United Light & Power common A
*
-class B—'
Common
,
$6
1st
-
—
»V Feb
%
i.
97%
United
U S
U S
$5
U S
U S
19
20
10% Apr
2,400
21
—
;
1%
-
"
/
61%
400
170
38
1.
3%
63% July
-45%. Aug
May
7
Apr,
Jan
2%
Sep,
3%
Jan
6%
Jan
8%
Apr
July
a8a
' %
53 %
300
7%
1,300
2,200
&
Sep
May
4%
Apr
43
-
M-N
"%
30
'j 14 Aug
l%"May.;
100
7% ,Oct
,
Jan
12
"i
Jan
'
1%
•
500
1%
%
y
.
i%
:
i%'
—*
2:
i%
...1
2.
—
1 '*
7
27%
—
.
%
1,100
',2 -;2!
%
I
7%
2,700
-u.'
:
'*:2\
28222
..I
28
28
22^2:;2.5O2^
V.M.I-•22^2^ 2':"'2 VI.^2 2t22
Universal Products ' Co..;—.———2.*
2%
Sugar———5-
Utah Power & Light $7 preferred
Products.;
—-.1
2%
2 47%
47%
14
2%
1,300
;
225
2 2.-
Utility Equities, common..;.—._10c
$5.50 priority stock...—..—...1
••
'■*'
•
;
'
:
V.
■
' 2
-
Jan
Feb
Jan
29
Jan
62
Apr
1% Mar
A
Jan
214
Jun
3% Jan
2
2% Jun
•
May
26
/-,/ 41
.»-r
Apr
'2 8% Jan
'
-
Mar 2
25
3
%
Sep
10
49
Utah Radio
:
Jan
5% May
'
asa
1% Aug
Jan;
1% Jan
••
,2v,
':dV 2"2- V r
—8
,2
iV Apr
•'
21*.*.:' '22.
■2
—
4% Jan
2
% Apr
% July
20% Sep
12% Feb 22
'
.100
'rilv
'
*
2
%
5
-
vir '•
%
15% 15%
4%
4%
500
25
900
100
"a% ~8%
Jan
-
3y«
3%
100
43
Sep
96%
64
96%
117% 122 "
12
*
108% 110%
,4
104% 107%
12
99% 103%
84%
*87
101 »/4
242
90%
69
100% 102%
10
83%
93%
60
69
-
125 y4
69%
136
85
101
101
120
4
121%
121
84%
81
F-A
89%
M-S
1956
150
:_—1952
^.1954
M-N
.1961
El 5s
Empire District
TTftriproI
M-S
Water Service B'/oS
Finland Residential
6s-5s
stamped
.
General Pub Sel-v
.
.
J
•
aa
(Adolf) 4%s ser A
1941
4s_—1950
Great Nor Power 5s stpd
1950
M-S
40
J-J
Grocery Store Products....
Guantanamo & West 6s__
§ A Guardian Investors
5s_.
1948
Houston Lt & Pwr 3 %s—
1966
Western Air Lines Inc
—.1
3%
3%
700
8% Sep
7 V* Mar
3% Jun
A-0
1953
A-O
1954
J-D
2
Indiana
Hydro-Elec
Mar
6
3V4s.;..—1970
Apr
81
Feb
Mar
8% July
y4 May
% Jan
Feb
13% Feb
3% May
2% Jan
May
Jun
95
2% Jan
Jan
'
Sec—
Power
,
<
Westmoreland Coal..—
.....20
Inc....
—10
Weyenberg Shoe Mfg
Wichita River Oil Corp.—.;
Williams (R C) & Co...
Mar
4
Sep
1955
coup)—1955
A7s series E___-1957
A7s (Aug 1941 coupon)——1957
A 7s series F—
1952
*, A7s (July 1941 coupon)—1952
1
(Dec
Debenture
Iowa'Power
Altalian
6s———1963
Superpower
A Jacksonville
Gas
(stamped) ——1942
A-0
M-N
2
80%
1
2;2
,1^2.2
113
113%
107
•
2-
,.•••-
82
107
-
J-D
*9%
J-J
11
;
12
ii%
9%
J-J
76%
J-J
40%
.
J-D
M-S
*
76%
40%
76%
41
..
/;>/
is
71%
71%
.222 3
5 ■-
46%
106
'6
11%
10 %
5
5%
11%
3
5
66
65
78%
31%
41 %
23
6%
12%
107 y4
106
108
*105
'1%
600
Dist Pow 3%S—1966
A-0
5% July
5% July
6y8
5% Sep
7% Mar
Louisiana Pow & Lt 5s
—1957
1
Aug
8% Jun
2% Jan
12% Jan
McCord Radiator & Mfg—
6s stamped—
..1948
Mengel Co conv 4 %s_————1947
110
54
F-A
5% Feb
Jan
8% Apr
104
Mar
ilOO
94
—10
3
Jun
4
Jan
4
Feb
5
July
Lake Superior
Metropolitan Edison
4s
series
4s E——1971
G
1965
-*-1945
M-S
100%
1061a 106%
10
109% 109%
106%
11
105% 106%
107% 109%
89
98% 100%
80
$85
88
100% 100%
109%
108% 109%
9
106
109%
M-N
109 %
109% 109%
7
107
110%
J-J
100%
99% 100%
17
58 %
6
106% 106%
1
M-N
4% Jun
Midland Valley RR 5s
2% Jan
Milwaukee Gas
M-S
58%
A-O
..1943
Light 4%s_l—..1967
120% 125
110
112%
112% 112%
3-D
1% Mar
11
105
*121% 123
3,300
10
5
18
J-J
2
11
5%
106%
3-D
1%
82
105% 107%
106
M-S
Apr
82
118
38
3%S——1966
6s———2022
Light 3%s.—1969
3%
79
13
Kansas Gas & Electric
Aug
/
103%
Jan
15 %
100
2 92
46%
Kansas Power &
•
■>'
46
,
11
Kansas Electric Power
100
104%
88% 100
11
Oct
4%
90
4
46
Oct
4%
107% 110%
98% 106%
93% 105%
33
•
87
86%
107% 109%
13%
Mar-
f
44
•
*108%
M-S
J-J
2
ii%
9%
Mar
6% Jan
83
37/
"
Ii%
12
300
19
5
F-A
25
8%
47
83%
11%
*9%
.
13%
8%
81%
109% 111%
2'2'" 8
82
80%
81%
13%
1%
1226,
102% 102%
2.':. 102%
13ya
Mar
Middle States Petrol 6%s._
—
F-A
1941
Power 5s
1957
6s————————1952
& Light 4%s——1958
Interstate
M-N
J-J
24
72
6iy» May
13
102
14%
2
92
16% May
.Is
—
;22:'/V'
98%
92
.
4% Aug
...1
.
Woodley Petroleum
Woolworth (F W) Ltd—
American deposit
receipts
Wright Hargreaves Ltd..
92
50
III
~pfd"
97%
98
80
Heating....
Wisconsin Power & Light 7 %
Wolverine Portland Cement
/::
M-S
53
39
112
24
•
/-10
*110%
92%
90
67
2 2
2
♦
102
102%
100%, 2 100% 100%
102%
71%
69
l
Co..
88
f22
;2,:2'2-2'
86%
2*86%
24
_
io
Products Inc....
•
'
in
24
71%
-
J-D
222-222,:
"2 2H2;:
^
C
series
A6%s
Jan
1958'
5s__.
Service
Jersey Cent Pow & Lt 3 %s——1965
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
.*
.
86%
\,12
.
.
-86
40
96
45
111
■
.
•:</'
5% Jan
2
'.-:
.
108% 108%
18%
J-d
90%
100
81%
76
*17%'
—1967
...
1950
5s——..
..——1963
'1st lien & ref 5s—.
..——1952
AIndianapolis Gas 5s
86
100
2:
85%
98
75%
M-N
*
A-O
Ill
s
77-
89%
98
2 A-O
Jan
B_.—
40%
*41%
1949
series
120
40
2', :/:■
Hygrade Food 6s ser A——. —.Jan 1949
6s
-23
917/b
J-J
1958
90
*108% 112
J-D
.
•83%
*88%
47
104%
•
91%
J-D
1945
79%
3
82%
F-A
3%—...—1963
Green Mountain Pow
Indiana
1% Jan
3%
60
§AGobel
Sep
1% Mar
3%
•J-
Grand Trunk West
Jan
y8 May
I——5
Coal A Coke
95
91%
Feb
9
93
M-S
4%
&
90
95
J-D
103
44
90 V8
J-J
5s——.1953
4s
25
102% 106%
137
103% 104%
103%
1965
Coal
92%
96% 103 y8
*104% 106
..
:
A-0
A——1969
17%
100
,
J-J '
J-D
Alden
*86%
123 V*
104% 105%
.4
>
*46
A General Rayon 6s A_r
1948
Georgia Power & Light 5s—.1978
Glen
68%
122
1
*101% 101%
„•
,
J-D
—1966
..—.*1954'
5s—,
3%s
l»ower
Gatineau
'
.105% 105%
s
..
123
Mtge Bank-
Florida /Power Co 4s ser C.
Florida Pow & Lt
80%
•
89%
123
Jlf-S
90 y4
6
...
79%
M-S
& RR 5s_—.1956
Eastern Gas & Fuel 4s set A
% Jan
79
—1
Mining Co...
—...
Wayne Knitting Mills————,—...5
Wellington Oil Co
_.i— ——1
Wentworth
—1.25
manufacturing
West Texas Utility $6 preferred. _....*
62%
:45
107% 107 Vz
Electric Power & Light 5s_._—...2030
Elmira "Water Lt
3% Apr
41% Aug
Walker
page
83%
102% 102%
MS
1955
3%s—
% Apr
13
Apr
5
Waltt & Bond class A..—......
see
75%
109% 110%
107%
3-D
Packing
-2. ■■■-■fc Jan
*
200
Wagner Baking voting trust ctfs ext..*
7%
preferred——..—.—. —.100
footnotes
84%
72
67
75
74
110%
J~t>
.—1944
Cuban Tobacco 5s——i.—
A6%s
Waco Aircraft Co..
For
> 29
81%
87
69% -83%
ri22%~124—
J-D
F-A
Indianapolis P & L
Oil-O-Matio
79
•
*73%
::
A-O
Ilnternatiqpal
Willson
74%
€9%
38
(Bait City)—-
...
—1
_.
Virginia Public Service 7% pfd.
Vogt Manufacturing....
Wilson-Jones
1
171
,
J-J
Continental Gas & El 5s———1958
1% Mar
33% Mar
22;
-~:2'.//.;
1
Valspar Corp common
$4 convertible preferred—..
Venezuelan Petroleum
Williams
/
73%
_
1976-
mtge 2%s ser
—1956
Westmoreland
81
74
J-D
..1971
..—1969
...May 1957
West Va
102%
99% 104'/a
(Balt)^—
Lt & Pr
series N——
...
Class B—...
/•;—
AT-1T
53% Jan
27% Mar
""
%
Jan
200
f
;'7%'
.
1%
—2
common
4
Apr
1,700.
2%
7%
'
Utah-Idaho
300
:
52%
•f
,
:
Pictures
4%.
,2%
7%
t'T-' ! 'v'
lioc
Universal Corp voting trust ctfs
Universal Insurance——...
A
50% Mar
43%
Y/i-*''
preferred.^
Paper.
.
Universal Cooler class A—_T._,
Universal
J1952
Gen mtge 4VaS——————1954
i
1%. Sep
43
4y«.
.500
common—
B__
50
59%
2%
Reclaiming.
1%.
'43%
—1
United Wall
Class
MS
—-1949
7s" A_—I_.
:1st ref mtge 3s ser
Consolidated Gas
«
% Mar'
59%
.—25
:
U S Stores common.....———
#
•
.1969
Service P & L 5%s
1st ref
Jun
2% Sep
•250 ■•X Mar
Aug
'•
:
—.
v
class B
1st $7 convertible
% 77%
3y4s
25% Jan
85
1% July
Graphite common—————6
and International Securities—_>
1st preferred with warrants
•
Lines Inc preferred.
..10
Plywood $1.50 coi\v pteferfed—.20
United Stores
78%
Consol Gas El
A Sep
Jan
23
May
244
—
Sharing———^—2-2502
Specialties common
Rubber
77%
A-O
59 y4
98
104% 104%
'
Sep
% Mar
U S Radiator commonl————1
U S
86
76%
104%
100%
40
103%
*102
A-O
9%
94
'
.—i—.j.
U S Foil Co
86
5%S
Connecticut Lt & Pr
/
'"// A July
4,;
55
53%
55
76%
;
4 :
42
86
5s
ii ya
33
100%
ioo
J-D
Cities
=■
Sep
96
„jV,
J-J
—1950
5s———1958
105 *A
4
■
(
1953
5s__.
86%
101
7%,
M-S
deb
/.^Debenture
Jan
;
6%
5s__—«l—.—Jan 1966
Service
Debenture
!
I
a'a Jan
V
% Mar
2*
%
:
Apr
A Jan
83% Jan
/
j
79
7%
A-O
Conv
Oct
126%
•jV Jan
1,525
/
■
6%
•
F-A
Cudahy
——10 "
United Shoe Machinery common—*25
Preferred
9%
72% Mar
United NJ RR & Canal CO——-100
10% z preferred—^
datr
7
15.200
V
»
% July
*
•
Feb
57% Jun
"206"
'
$3
t/United < ProfR
15
Mar
.
5s ctfs
:_1927
Ry 5J/2S A————1952
Cities
,■
40
;
84%
*104% 106%
M-S
•;
•
Jan
82
■
series B——;——-—1955
6s
2
|
Apr
7%
% May
—"" *
—•
\7% Jan
57% Jun
participating/preferred,
t United Molasses Co Ltd—:
cAmer dep rets ord regis
•
i
2%
6,500
113% 116%
preferred—19%
'United Milk Products:.—
1954
'
■
J-J
_1948
——
Cincinnati St
?
Jan
Feb
11
•
/
.
Jan
5
1/64 Jun
0%/ "'%'.
--
3
Sep
Jun
5% Jun
700
2
Stores——100 /
.
100
2
Corp warrants—-:—
United Elastic Corp_"_———
United Gas Corp common
4%
**6% "7
United
'■
3%
*
$3 cum & participating pfd—
Cigar-Whelan
2
100
4%
4%
United Chemicals common—-United
*
200
4%
2%
-1
products.———
%S
82
J-D
—1964
5s_—
§ A Chicago Rys
%
4%
—.
*
Union Investment common——
«
Elec
States
Central States P Si L 5%s
—
Manufacturing CO——10
Union Gas of Canada—-—•
Unexcelled
Power
Gas 3%s
El &
111
§ ACentral
U
Udylite Corp—
Northern
106%
98% 101
55%
64%
102% 106"%
k
FINANCIAL' CHRONICLE
THE COMMERCIAL &
1226
Monday, October 5, 1942
I
I
EXCHANGE
NEW YORK CURB
New
,
Curb Exchange
York
Week's Range
Friday
BONDS
>.
Last
or Friday's
Sale Price Bid & Asked
Interest
Period
Week Ended Oct. 2
Low
A-ref 5s_,—,*.**L**,*...^»****1955
1st
-
__
.-Mississippi P & L 5s___-**_«.******1957
^Mississippi River Pow 1st 5s
—1951
Sold
104'A 104%
14
104%
J-D ££
J-J
M-N
107 'A
107 'A 107%
103%
103% i03%~
111'A
111
Foreign Governments & Municipalities
High
Low
No.
J-D
1978
Minnesota P 8c L 4%s**——
Range Since
January 1
Bonds
High
100% 105'A
5
-
111'A
105'A 108
5
-
££_■££-••■ £.-' :
" Interest
BONDS
100% 104%-
Friday
Curb Exchange
York
New
2
Week Ended Oct.
-
'£.•?.£
Range Since
£
Sold
High
Low
,
Bonds
Sale Price Bid & Asked
110% 112'A
11
Week's Range
or Friday's
Last
Period
.No.
January -!
:
High
Low
'
-
s
Ltg~5s_■ -***£~™.lT94!r'~ ~~T-A
Nassau & Suffolk
tANational Public Service 5s ctfs__ 1978
'
:•
M-S
■„
_
1
-"T
98
10%
'.
£
J-D
2022
series
6s
F-A
Power 4'As***____*_***-1981
Nebraska
97
■
13
.
114%
113
£ 114%
"100%
9%
16
2
10%
107% 108
■
97
106% 111
113
4
f
£
'•:£■;
91.1,
"
New
'
5s
*1948
Eng Gas & El Assn 5s
5s
^
deb
Conv
J-D
5s„«^_-.*—*-1950
M-N
England Power 3'As
1961
New England Power Assn 5s_*___*1948
y
M-N
97
32
50
42
£
24
62%
43
.
63
•
'
Debenture 5'As
Orleans
New
AIncome
Extended
106
75%
J-D
82
80%
■y/: 14
76%
65%
85
■
67%
87%
ALlma City
A—*—Nov
1949
N Y & Westchester Ltg 4s
2004
Debenture
5s__
.-.—.*—-1954
£.
■;■*-/;£
115% 115%
.
A-O
'„£
Northern Ind Public Service—
F-A
*-
54
:
108%
Ohio
Public
Service
M-N
107%
,:£ A-O
AMedellin
101% 105
^
61
£
1
50
23
106
A Issue
6
107
106
11
8
4
1955
F-A
1964
J-J
100% 100%
''
Penn Central Lt & Pwr 4'As
1st
M-N
—1977
.——1979
5s
M-N
.
Pennsylvania Water & Power 3'As_1964
:■
■
3'As
.
Potomac
4'As
Edison
5s
Power
M-S
E—1956
-1961
series
Potrero
F-A
Sugar 7s stpd—
1947
Corp' "(0an)~4%s B™-——-1959
.
**;'■.■•
15
26
105
M-JV
£
M-JV
M-S 5
15
20
15
9%
£y
32
15%
■'
$28
'*.■••<£•
$18
mm**''
*
25%
J-D £
7s
3-D £i
28
25%
•££ y*:£
32
1958
J
5
;£££££
-M-S"
:
35
$30
r1959
28%
16%
6'As______1919
7s
28'A
15
20%
5
■i;
1%
1%
J-J
1%
——1949
J-J
15
1%
—
*_r
$16
,
11'
£/:
16%
J-D
16%
10%
•
■:£
l
1%
"v-
1
1%
13
15%
2
.
.
18'%
13%
£
19%
£' 19%:
J?3
•£•
^;-y"*-££££ 18
'
y
—1921
•No par
107%
r
"
28
104%
100
value,
6
105% 108
1
106% 108
Cash sale,
Deferred delivery sale. £ d Ex-interest,
a
107% 107%
17
$104% 105%
111.
Ex-dividend,
x
B, June 26 at 2%.
,?
104% 105%
y
Odd-lot sale,
e
n
Under-the-rule sale.
Cash sale not included in year's range, Easy Washing Machine class
-
-V
A Bonds
being traded flat.
•
...
-
•
$ Friday's bid and asked prices;
116%
95%
87%
"
'
'
£
receivership^
§ Reported in
96%
"conv,"
convertible;
"wi," when
107% 111%
111
.
sales being transacted during current week.
no
|
104% 106
110% 111
111
13
17%
13%
y
97% 101%
3
114% 115
95%
16%
$28
A-0
1931
1972
'
,
Abbreviations used above—"cod," certificates of
J-3
A-O
6
20
107
••
114%
£
6
'
101% 102%
107%
16%
16%
J-D
?
£
Government
"
:
•»—
3
I
107'A 110
30
105
—
r
J-J
.
$25
••
102%
££,
3-D
—1970
.
Philadelphia Elec Power 5'As—-1972
Philadelphia Rapid Transit 6s—1962
Portland Gas & Coke Co—.
v
5s stamped extended
—1950
'
101% 101%
'
11
M-N
6'As,
A5%s
100% 104
Pacific
•'
:'£■££■ /£
■■
11
1947
1927-
Janeiro
ARussian
i
105% 108%
Park Lexington ,1st mtge 3s
Oct
(State)
de
A Santiago
109%
'/£.—££
$1
102% 106
107'A 107%
F-A
of
AParana
109
109
-
33
V
108%
2
108
107% 107%
107%
5s
35
20%
'
108%
109
Light
25
34%
.
M-N
,>■
1951
AMortgage Bank of Chile 6s*—
Mortgage Bank of Denmark 5s
F-A
&
stamped
114% 115%
r
108%
A-O
Power
7s
f
$105% 107
;£%--£■'
31
$29%
...
-.M-S
•
.-1958
—
105
-1962
.
7s
Mortgage Bank of Bogota 7s___
Alssue of May 1927-.
^
Oklahoma Nat Gas 33As B-___Aug 1955
Oklahoma Power & Water 5s
—1948
4s
_*
J-J
6%s stamped.1958
;
1
54
108
'
1952
1
£:
108% 108%
108
A-0
F-A
■;£."
•
101% 106
109
111%
ARio
Ogden Gas 1st 5s—
1945
Ohio Power 1st mtge 3 'A s———1968
1st mtge 3s-_—1971
y
15
9%
$28%
M-N'
*
4
101% 101%
J-J
1969
9
107% 107%
'
.
J-J
*.
104%
$111% 112%
J-J
North Boston Ltg Prop 3'As
1947
Nor Cont'l Utility 5'As—*—1948
1st 3%s series A——
104
104%
M-N
0- 2;|£
15
'
82
J-D
—1964
n
15
J-D
1953
,*.
(Peru)
AMaranho
Gas 3%s
41
1-
108%
106
76
1948
,—1955
5s_*_**
44
25
(•£. '
__
Danzig Port & Waterways—AExternal 6'As stamped
Service—
series
&
5
108
A-O
1954
Public
6s
N Y State Elec
108
-:£''•£■£,
45
;£'
25
of)
5%s
Danish
'
New
7s__
';W££5:'y:
41%
41%
$41
£--■££'.
i
1
£
!
62%
42
>
2
Bank
Mortgage
(see
ACauca Valley
t
112% 114
•
50%
50
48%, 50%
48%
84
58
97
48%
48%
M-S
1948
96%
$112% 113
J-J
**1947
_***_*****..„*
***—
A-O
1956
5s_*
Gas
Amsterdam
New
•.
Elec
A-O
J-J £
■:
£
$24%
Bogota
Nevada-California
1
-Agricultural Mortgage Bank (Col)—
A 20-year
7s----_****-*--April 1946.
A 20-year 7s******.:
»Jan 1947
issued;
"M,"
"n-v,"
mortgage;
"w w,"
with warrants;
deposit; "cons," consolidated;
non-voting
"x w,"
"v t c,"
stock;
without
"cum," cumulative;
trust certificates;
voting
warrants.
109% 1127A
$105
111
:
w
.
100_101%
71% 79%
•.
mvrmw
-
Public Service Co of Colorado—
1st
-—-1964
mtge 3'As——
Sinking fund deb 4s
—
Public Service of Indiana 4s
Public Service
of
-1949
1969
ref
5s
107% 107'A
24
105% 105%
108
108
106
Stock and Bond Averages
108'A
1
104% 106'A
14
108%
105% 108%
,Below
listed
perpetual • certificates—
Puget-Sound P St L 5'As——
&
107%
3-D
M-S
New Jersey—
6%
1st
J-D
series
-
M-N
140
140
102%
6
132
J-D
102%
102
52
98
AT-N
102%
102'A 103
14
98
103%
1950
J-D
100% 101
18
96% 101
30
'
Queens Borough Gas & Electric—
————1952
A
San
——1979
Joaquin Lt.& Pwr 6s B——1952 .;
•*
r.y't i
A-O
J-D
Of
trials
September 26*—**
80%
.*-
M-S
80%
81
67
75
1
108
112%
1
129
110% 110%
130
V
$125
82
Real
Estate
6s*
Scullin Steel inc mtge 3s
1951
$50
60
—1951
—
J-D
A-0
80
80
Shawinigan Water $ Pwr 4'As
-1967
1st 4'As series t)_——---1970
A-0,
Sheridah Wyoming Coal
J-J
South
Carolina
Power-
65-^—1-1947
5Si———1957
Southern
California
Edison
Southern
California
Gas
Southern
1
Counties
Gas
J-3
3s__*_1965
M-S
3'As—1970
—
55%
86 ' -7.
19
86
100%
15
87
100%
103%
Southwestern Gas & Elec 3 'As—1970
F-A
UtUi-
40
Rails
Rails
ties
Bonds
92.54
52.73
12.12
36.69
105.94
12.15
36.76,
105.90
Southwestern
P
&
L
6s—-
—2022
M-S
1989
M-N
Spalding (A G) deb 5s_—
Standard Gas
&
(stamped)**————May 1948
Conv 6s stamped——l—May 1948
Debenture
6s
Debenture
6s
A-O
102% 104%
109.56
92.59
52.80
109.82
90.28
27.52;
12.30,
36.79
106.06..
92.61
52.95
109.91
90,38
109.11.
27.34
12.27
36.70
106.10
$ 92.69
52.73
109.89
90.35
109.65
28.25
12.25
37.10
106.09
92.64
53.02
109.92
90.41
28.51
12.37'
37.48
106,13.,'i
92.71
53.19
109.90
90.48
1
2—'_****
;•
$104% 105
102
55
102%
29
;
***.
27.30
■
v.
'
110.83
:
101
1
55%
38
V
Traasaclions ai the New Yorii Gurb
60
98% 102
50%
f
103% 106%
97
88
61
42%
106
61
A-O
60
60
61'A
56
26
61%
49
'
Stocks
49
F-A
60%
59%
61'A
29
49
•
....
.
Saturday
Monday
-
J-D
Wd
60
61%
14
49%
F-A
59'A
59'A
61'A
25
49
76%
F- A
59%
59%
61%
27
50
21
20'A
21
17%
-
Domestic
$307,000
526,000
725,000
525,000
40,385
74,295
*
63,900
64,160
77.240
,
-
•
-
-
25
/
$1,000
^
.
.
$2,000
3,000
26,000
$308,000
528,000
4,000
728,000
555,000
15,000
610,000
1,052,000
$20,000
$3,781,000
.
14,000
596,000 yy;
1,037,000
y
J
Total
:
76%
A-0
-
Foreign ■
Foreign '
Government^ Corporate
76%
—1957
■
-
'
Bonds (Par Value)
of
shares)
*
Wednesday———
Thursday
77
Dec 1 1966
Light 6s
-1957
AStarrett Corp inc 5s_———1950
"
Week Ended Oct 2, 1942
i
f
76%
76 %
—1951
•
Daily, Weekly and Yearly
•
60
Tuesday
59'A
Exckange
99% 102%
103% 106%
$106% 108
$94'A
60
90.25
109.24
October
Electric—
6s
109.79
September 30
(Number
—
•
September 29*****.
J
101
55
Total
Grade
r
100
$105'A 106%
J-3
F-A
10
First
Grade
trials
Stocks
.
4'
77
100%
(Calif)—
Rys 4s—-1951
ties
;
„
27.28
109.32
65
>
99% 100%
$103% 110
102%
roads
y
10
Second
10
Utili-
£
££:
Indus¬
Total
15
Rail-
10
.
September 28
11
100
100
A-0
1st mtge 3s—————1971
Southern Indiana
A-0
53
20
Indus*.
;
October
ASchulte
--Bonds—
£
Date--
5'As series
of representative stocks and bonds
Co.:;
averages
Slocks
■
Safe Harbor Water 4 %s
daily closing
the New York Stock Exchange as compiled by Dow, Jones &
on
3 02%
1950
1st & ref 4'As series D—
the
150
1949
C—
are
6s
—
*
gold debentures-
Standard Power
St
3
i 11,138
Friday-————y;
'
Total—.*————-—)-—
$3,716,000 £
431,118
^
-
(Hugo)
Corp—
7-4s 2d—
7-4s
3d
——1946
—
stamped
——1946
Certificates of deposit——
Electric
Texas
Service
6s
series
Water
Toledo
Twin
A.
Edison
J-J
1956
M-N
—2022
1979
—1968
City Rapid Transit 5%s
1952
United
Electric N J 4s——1949
United Light St Power Co—1st lien St cons 5'As————1959
United Lt & Rys (Delaware) S'As-1952
United Light St Railways (Maine) —
6s
series
A*
1952
Utah Power St Light Co—
1st lien St gen 4'As——
Debenture
6s
series
15
15
$15%
1960
5s_—
3'As—
10%
16
16%
^——1944
A
A 5s
income
debs——
.2022
106'A
J-J
F- A
J-J
J-D
83%
J-D
112%
A-O
A-O
105
15
v;;£y-Bonds
>
.
'
92%
118
107
92%
21
108 »A 108%
83
8
84
34
111% 112%
94
118
94%
-
.
.
——1954
69%
1
9
93
26
M-S
4%
4%
28
92% 100
83%
99
J-D
$109% 112
$108% 109
107
West Penn Electric 5s
—*2030
West Penn Traction 5s—
—I960
J-D
109%
102
1Q2%
109'A 110'/a
unstamped extended to 1959
6s stamped extended to
19 59
£
:,
Stocks,
Number of
Shares
226,825
401,760
426,830
341,880
Saturday———--————-Monday——*
Tuesday**
:**—
—:
-
'
Railroad
and Miscel,
Bonds
$4,835,000
9,725,400
11,444,300
87
88
3
69
88
F-A
71'A
72
2
58
72
1937
J-D
81
81
ig47
3-D
80%
81%
of
X3.
S.
shares*.
Government
81%
10,111,900
11,802,300
9,135,200
13,099,300
13,161,850
$62,284,550
$1,978,500
$96,050
.
2,858,065
Jan, 1 to Oct. 2
1942
1941
2,306,832
78,463,686
107,271,692
$236,000
$5,898,250
93,424,500
1,595,106,400
$15,287,000
119,309,0,00
1,455,744,000
-
.**
industrial—
£
.
$96,050
1,978,500
2,692,000
60,210,000
-
38,987,000
81
71
$4,974,000
*
$60,210,000
...
Bond
Sales
34,000
*
2,858,065
1941
Total
$21,000
352,500
358,000
435,000
397,000
318,000
——
Foreign**.
&
United States
Government
Bonds
$118,000
Week Ended Oct. 2
Railroad
71%
Foreign
Bonds
1,000
16,300
23,750
1942
Bonds
HH
Exchange
8,699,200
12,686,000
12,820,100
— —.
Total*****
Stocks—No.
5
■
$4,236,000 $129,293,500 $194,842,000
556,380
904,390
Wednesday**—
Thursday-**Friday—
99% 108%
10
■
4,835,000
2,007,000
•
107% 117
F-A
80%
,
3,061,000
578,000
Daily, Weekly and Yearly,
109
Western Newspaper Union—
6a
603,000
16,000
Transactions at the New York Stock
115% 118%
J-D
A-O
...
y
$3,617,000 $125,654,500 $188,000,000
'■i?
82% 100%
97
.
$3,781,000
—
103% 107%
89%
.
.
20,812,067
; '
84%
1951
-
...
45,000
20,000
•
118
26
96
92'A
Total
111% 114%
19
$3,716,000
—,
Week Ended Oct. 2,1942
118%
13,210,998
;
86% 101
106
108%
3
y
£ £• 487,585
.y-'y..
■-■■■
1941
1942
107%
—1964
'-y
Domestic
106% 108%
107'A 107'A
94%
F-A
M-N
23
$110'A 111%
92%
108%
F-A
105% 106 'A
106% 107
2%
5%
108% 109%
,A/fS?mS2 ? 5s stpd
AStamped 5s
'■
-
Foreign government
Waldorf-Astoria Hotel—
Wash Ry & Elec 4s
Wash Water Power 3%s**
'
Foreign corporate.*.
5s
._.»*
Power
13%
J-J
—
/Texas Power St Light 5s—
Tide
$12'A
Jan. 1 to Oct. 2
1941
431,118
Stocks—No. of shares—--—-*———
A-0
$45,000
Week Ended Oct. 2
-
1942
Stinnes
.
Total
$62,284,550
$41,915,000 $1,694,429,150 $1,590,340,000
156
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
-
Friday
Baltimore Stock Exchange
:"i
Last
STOCK
Range
Arundel
Co
Transit
common
7c
preferred
Power com—*
—100
B__
-
Fidelity & Deposit
"
'
20
Fidelity <fc Guar Fire Corp.———10
West Penn Pub Serv 7 '/A pfd„_23
Vernon
Mount
Preferred
—2
-
'
32
52%
115
Jan
11 Va
Feb
Sep
15 Va
Jan
Mar
120
Jun
Feb
32
Sep
23 Va May
30
24 %■
10
South
&
78 Va
4
2114
2134
28'/a
20
78 Va
Chicago Corp
2IV2
29
Chrysler
Corp
'
Bonds—
Transit
Baltimore
.
/
.
t
,
46—4—1975 ■%
Co
•49
_4vtj:
50
57
4,000
57
May
Jun
65
May
100
Sep
Jan
50
1,000
4
Aug
42
$11,000
57 Va
100
14%
53%
52'A
A
A
—
-
V
_____1950
100
-
100
;
Common
200
4% May
6%
Feb
fit
2,450
22 Va
80
lo
,7: 29%
29
99
5
A.
10
1
;•
Feb
110
Jan
61%'
A ! '"
to
Oct. 2 both inclusive,
'
,
compiled
I'A
1%
6%
6%
10%
•
shrs
"B"
vtc
■
*
Corp of America com—:
V
Friday
.
Last
STOCKS—
4
Week's
4
Range
of Prices 4
119%
118% 119% A
Range Since January 1
Shares
Inc__
& Son
Bird
Higii
8
;
Edison
Boston
—.100
82
25
Albany RR—_
23
7%
ifstn
75 V'4
Jun
10
8
!_
81%
V
!
84
22%
229
23
Elevated Ry.—
Boston
Maine
&
Boston
Common
1%
A.V
20
Packing
'.
A"
60 '/a
—
61.
12%
60%
*
12%
stamped
54
84
class
74
class C
:
10'
B
1st
:
!'■
4—100
_
"7 'A
Calumet &
Hecla
Range
Copper
——_——4;
Common
28
28
_*
%
.
44
19 Va
21%
2
Lines
New
Stone
Hein
Brewing
Werner
capital—.
Motor
1%
Jan
Independent Pneumatic Tool
2
Feb
Indianapolis Pwr & Lt
common
95
Sep
Indiana Steel
commoiu
Sep
Interstate Power $7 preferred—
Feb
10c
Feb
JarviS (W B) Co capital
Jan
35
Apr
Jan
..2%
Joslyn Mfg & Supply common-.
Joy Manufacturing Co common
Feb
14 Va
120
11%
Sep
18
Sep
Feb
•
2.9c
37|/a
Jan
32
Kentucky
Feb
4
9%
6 7
Co
Utilities—•
preferred
!;! Jan
Packing
common
——;
Feb
Jan
16%
17
14%
Jun
18
23%
22%
23%
80C
78c
80c
-
8%
70
450
75c
M
53
9
Inc—
10
•7'A Mar
10 »A
,Jan
16
5%
Jun
100
50
10%
186
8)4
83b
4'/a 4
5 'A May
.1,500 A
Jun
25
10)4
Sep
16%
Feb
200
3%
Sep
2% May
3%
30
54 V#
Apr
74
Jan
49 y#
308
40 Vn
Apr
51%
Feb
.'A %
%
8V4
8%
400
377
150
:
.
■
__
37
&V)it v.;
__
8
3 Vb
77%
700
Low
70
25
95%
Jan
3% Mar
5%
Jan
11% May
15%
Jan
1%
__
1%
;
l'/a
100
7 ■/
10
9%
70
1
3%
5
3'A
com
pfd-—!—
92
5
:
2%
3%
3%
A 5 Vs.
35 Va Mar
72 V8
•H-v
July
'>'
#
prior preferred-!--10
'
<
Noblitt-Sparks
-A''-*'/.'
,
!7%
•
„
$6,500
39
3,000
Industries
common
Northwest
Airlines,
Inc.,
Northwest
Bancorp,
Jan
North West
300
Co
Jun
42%
Feb
Jun
29 'A
101
5
104%
Jan
capital
Parkef Pen
Peabody
Co
(The)
Coal
Borg
Co
#
comr
B
cor
119
(The)
•24%
Range Since January 1
Low
High
50
4%i
#
300
39%
4 ; -. Apr>
Jan
2
.
-
-
:
Jan
48 V2
Sep
Jan
9
i~
High
49%
Jan
10% Mar
41'8
3
Sep
Mar
3%
•
,
■
546
23%
Apr
31%
Sep
25%
150
21'A
APr
27%
Jari
30%
100
15%
Apr
23%
Jan
7%
Sep
3% May
610
8
10%
10%
250
7'A
71V*
7'A
A
43
7 % :,
v
60
Burd
Piston
Ring
.
0
common
common—
1
For
cumul
3%
.3%.
see
14
Jun
11%
Feb
6% May
.
9%
Jan
43,
Jan
56
May
3%
75
12%
1%
381
12%
1%
30
page
6% Jan
Apr
14»A Aug
Jan
300
23 VB
.10
300
1%
22%
12%
40 Va
Jan.::
22
Roebuck
Seal's
Spiegel,
Inc.,
St Louis National
Jan
Standard
Jan
Sep
4
Apr
8'A
Oct
3/B
100
Vt
Sep
%
Jan
2%
3%
866
2%
Jun
4 V8
Jan
8%
200
8%
Sep
1514
300
6% May
13'A Feb
20U
v
11'A May
4%
50
3 Va Mar
3 5'A
.1,120
28 % May
4 V8
4Vt
4
4
^ 550
4
^
16
200
3% May
3Vb
12%
350
11
27 VB
500
19%
Jan
May
Jan
1%
-
10'A
300
9%
1%
1%
2?0
1 Vt Mar
3%
3%
4%
10
1232.
5
.
5
20%
65%
66%
Va
Jun
Jan
Apr
5%
•
Jun
8'A
Sep
3
Feb
Apr
70
Jan
56
120
140''
70
146%;
Jun
AA
140
1,100
Jun
%
l'/a
250
:
24'A
''. %
Jun
146%
Feb
Jun
; "15% July
14
5
Feb
20%
1%
J.;1*'
—
-1
1___——_
_!_'
Oil
of
Indiana
1%
Jan
Apr
5 V
Jan
57%
Jan
43% May:
54%
476
434
45a
1,150
24)4
24%
100
23 'A
'2%
23/4
200
2%
54)4
-41
41
41
41
30
■
May
4
5
Feb
Jun
33%
Apr
4V»
Jan
Sep :
Jun
!
1
5
Stewart
Corp
Warner
Furniture
Sundstrand
common,,
Jan
■152.
Machine
common—5
Tool
capital——
International capital
25
15
50 A
1%:
'
!
11%
200
103a May.
818
20
27
1%
200
1
1,050
5
July
12
24%
1)4
.7.6%
7
Jan
2
11%
24%
7
common-...—.10
Co
&
1 Va Mar
24
'
26
Inc common
:1%
:
.
20
capital..
Sterling Brewers
Swift
Jun
3%
—
■
Stockyards capital--'*
——
Preferred
Standard
Swift
1V4
550
—
4%
:.,
2
100
4'A
*
54%
'
•
1
capital——5
'/
1%
4
■
Dredging—
Common
Jan
6%
*
Co- capital.:
common—
11% Mar
2 Va
414
&
Lathe Works
30 Vb
50
7 26%
1%
145
Serrick Corp. class B common.
South Bend
133%
4%
27 VB
34
.6%
,
—5
—4
*
Apr
464
12"
66
%
x6%
l'/a
•
common
\
•:
Jan
2%
12
6V2
1*
47
Oct
"
-
Apr
34'A
•
"~%
___1
Manufacturing—
67c preferred ——
Rollins ^Hosiery Mills common
9%
8»A
11%
~
■
—_—1
common
Apr A
20'A
30
Jun
36
:
V!.:
;a 1% May
24
Feb
18%
200
40%
20'A
*
Raytheon
22%
.7
V-
■■
A
7
450
300
.
Apr
Feb.
,.
13
14%
20'A
25%
20%
20%
24%
37%
Jan
Sep
..; 7
Sep
19
Jan
Sep
25
Jan
6
20
Mgr
700
25%
36%
2,050
7%
12 V2 May
„
.
15
Mar
:
1% May
19%. Mar
25%
Sep
204
30'A
39
Feb
Sep
39%
Jan
65A
Jan
5% Mar
15
27 Va
Oct
Texas
capital
Corp
Thompson
(J
Trane
Co
Union
Carbide
R)
(The)
'
Apr
25
__
common.—A!———2
7
7
7 Vb
340
5
Jun
7
25
8
8
8
150
7*A
Sep
10
Feb
*
71%
72%
410
58 Va
Apr
74%
Jan
__
__
52%
53%
69
14%
15%
277
1—
common.
4A
Sep
Jan
13%
Jan
2 Va Aug
U
S
Gypsum
United
50
2 Va
Aug
3%
Apr
800
4%
Sep
6%
Feb
7%
180
19%
Jan
21% July
Utah
*
conv
footnotes
12
*
.
..1
in
5'i
Oct
Apr
10 Vb
20
•47
.43
„■
100
102%
Va
2
15 '
12%
ci
Wire
Jan
400
10
common.
(The)
A 50
8%
>,
3/a
V.
0
Brown Fence &
4
14
6
Co-
common
Car
V:i\ 10
1,047
10%
.24 Vt
50
'•
V;;!
37Vb May
%
■
(The)
Steel
Quaker Oats Co
8%
'2%
1
capital
Corp
Sep
11%
_5
—
Preferred
Shares
118 VB 119 Va
:v 35'A.
Laughlin Inc
Warner
Aug
3
100
6%
31)4
7'A
—
common—
common
Circle
Pressed
25
10%
10%
100
Corp.
Brewing
Mfg
Jan
14
Jan
20'A
20%
Pennsylvania RR capital—
50
Peoples Gas Light & Coke capital__100
Sales
2 Va A 2 Va
^
10
&
Jan
14
5%
*
-100;
Corp common
Process Corp
100
,
i: •
Bliss
Sep
25%
preferred-100
Pjrior. lien preferred
Storkline
Binks
Oct
Jan
5%
6% July
,7 6% July
50
v,AV
3%
•>4V8
A
>50
•
6%
Apr
2% July
*
■
*
.—
common
common
Utilities 77c
7 Va' 1
A A,7AA:7
3
2%
Jan
Mar
4
Aug
3 Vn Mar
800
250
514:
12%
Apr
2
30%
31V*
20
capital
North American Car
-
V2
8 %
for Week
40 VB
—
common-^-v—-A-?.T'-
'
V 9 V#
4%
Co—j
:J'
Berghoff
2'A Mar
16% July
%
10
Feb
A
»C'
common
Feb
105
Aug
$1
National Standard
Jan
46c
6% Mar
Hart
:
200
300
3 Va ! '3 %
*
Apr
62 V2
9'A
9%%2%
,_1
Radio
Jun
Feb
11
585
214
3
44% Aug
30
10
"
2Va
capital—-
conv
15
15
—
3
50 Va Mar
7'A
Corp
United
■
Minneapolis Brewing Co common——1
Montgomery Ward A Co common.,—•
37Va May
20c
Jan
1,250
40 Va
—
3.
Aviation
Mar
10
Jan
A." 65
47
47
f
Belmont
Feb
70
28
Sep
1,026
of Prices
*
5
Bendix
Feb
1,170
22
Jun
Range
Castings—-5
Tel
Feb
4
414
6
49
Week's
common_4i_—-
Mfg
9%
14%
-V' 7
754
Sale Price
common
&
38%
.
77%
L'":7'/4
54%
Last.
.;
Bearing
Sep
Aug
7% Aug
3
Sep
35
4%
7
May
102% 102%
& Gas Co common.—'
Tel
8%
14%
4V8
--
7'A
28
38 Va
Par
Ball
Feb
May
5 Va
85
3%
3Va
1
% Mar
30
..
''
6%
Jan
l'/a
20
92
West
Midland
:
.'
Chalmers
Mar
"
Abbott Laboratories common—
Aetna
Oct
18 Va
150
Midland Utilities 6% prior HerV—100
7V prior lien—1—
-J—100
5 Va
Apr
Mar
27%
7'
-——;-1948
■::;V V;-
Allis
8'A
100,
10'A
Miller &
48 Va
32 %
92
ser A—1970
STOCKS--
American
Jan
8% May
64 34
.1
:
common
Mickelberry's Food Products
Middle
Jan
Ry—
Aluminum
8%
10% Aug
Apr
21%
Sep,
74
Friday
Advance
Va
7% Mar
Sep
Sep
July
'
-
Adams 0)1
4V4 Aug
22%
Jan-
10%
7%
53
53
bo
7 V4
A
RR—
Mfg
Oct
3 Vb Mar
11)4
150
6'A
Apr
3%
50c
26%
_4_4_!!100
*
Co
Jan
1% July
,
6%-Apr
227
2">
11 14
24'A
Jun
Mar
Class
Jan
'
3214
—♦
___
? 60C
119
4%.
15
18%
1,785
t.
i
■Sept. 26 to Oct, 2 both inclusive, compiled from official sales lists
Co
39%
Merch & Manufacturers Sec—
16%
—
Potter Co
D)
Jan
Sep
3%
*
64c
Chicago Slock Exchange
(J
Jan
29%
'
Steel
40%
48%
*
Loudon
101% Jan
Jan
—
50c
series A_—
AdamS
Apr
64%
7
common
Perfect
Acme
Sep
24%
10%
100
Carbonic
Omnibus
-
6%
—
Libby McNeill & Libby common—.
Sep
25c
"
2
Apr
250
9%
7%
3%
Liquid
Jun
62
-
Feb
1 'A May
,
12c
42%
.,4%s
4'A Mar
15%
4
229
BONDS
-
Jan
21
——1
common
24c
23c
Street
Apr
110
■
15
10
__
■
1,300
42 Va
Maine
Jan
19
—
Sep
Apr
80
.
22%
14%
j
A
Jan.
5
4. V:- May
Katz Drug
Jan
12c, May
27 14
A 189
3%
21%
___5
2,412
59%
Mass
Oct
37'A
Apt
:1
45c
59%
&
3%
Jan-;-.
Jun
3%
1,215
8'A
,
*
30c
preferred—'
Incbfne mortgage
Jan
—
Oct
13
••
39%
10%
capital
Harvester
26
100
:__25
25
Utah Metal & Tunnel—!————1
Boston
Sep
3 Va May
29 Va
Sep A
13% May
30
7%
_*
c
25c
'
Eastern
20 Va
Feb
,
2«A
50
6'A
*
Products
Co
International
1%
65
'
34%
;
1
common
Inland Steel
Sep
t
v
27%
420
12'A Mar
13
200
Xii'trXX
*
5
-r)«'
-
28% May
100
6%
3
Jan
247
84 Va
Oct
I'
Jun
3
.600
13%
2
1
Parts.—
32%
•
95
16%
21%
300
6 %
'"■•'a'•; AA
*
18 Va May
875
30
2
-"':
-''*'-
Illinois Central RR common——100
10c
83
common_i__-1 -4-*
Ry
I
;
common
35c
Co____
Waldorf' System
(H W> common
Feb
224
4%
Jan
36'A
Jun
1% Jan
4%
15c
Jan
8%
Jan
500
4
3%
v'
*
50 Va
9%
36%
24%
Jun
9)4
15
39%
*
Apr
Jan
■14%
Sep
Apr
/
10%
32 Va
-
100
''"-r ii':V*V '
.
10
common
45c
Inc.
Mass
Heilman
Jan
5% Jan
% May
41
10c'
u..
United Shoe Machinery Corp!
&
7
,
■
Jan
50 %
Vermont
Feb
4 Va
84 Va
4—50
Seeur
cumulative
!
Jun
4%
2%
51%
64
5%
Corp
31% May
Jan
16
81 Va
*
Fruit
Great Lakes Dr & Dock
-
4% Mar
15c-A
Twist Drill—————___5,
United
Gossard Co
Sep
Apr
J
common
27c
preferred——4—
forrington Co (The)——
Union
Jan
Jun
36%
2nd
$4
2Va
12%
1 Va
8%
8%
?
:
38%
A-;-/
—10
-—100
—
RR
Elec
Gillette Safety Razor common
Goodyear Tire & Rubber common
20
14
■
A. A
A
1
common.—
J!; Preferred
.-—-—2.50
—
Webster
&
Feb
20% May
4%
Quinc? Mining C6-!"-s4——_-!!----25
Shawmut
Association
J*
Suburban
Jan
2%
•
4
McCoi'd Radiator & Mfg class A!——*
Marshall Field common
:
*
;
Mills
Pennsylvania
2%
Jun
333
Utility Associates vtc:.l
North Butte Mining
Pacific
Motors
765
14
preferred——100
RR
Jan
2 Va
Apr
26
14
10
250
A 33%
Foods
450
.
England Tel & Tel—4
—_100
York, New Haven & Hartf RR.100
Old Colony
Corp
General
A;
Apr
32VaVr32Va
Mergenthaler Linotype 4—__4———
Narragansett Racing Assn, Inc.-!-!—-1
New
Finance
General
i'A
2
common—A—5
6V4 Feb '
200
16
16
13%
Jan
10c
10c
Jan
32% ■'32%',
A
common—
1
Apr
25 Va
26
Theatres.———4—-25
Massachusetts
General
Co
Feb
4%
8%
Association—*—•
Central 5 4
: :
130
Jan
104%
8
3%
A
12%
Sep
19
'
A.
24
3%
A.
Sep
24
3%
23%
9
71
103
20%
3%
%
37/a :}l.
.V\X
I
common
Denver
Jau
1 Vb
;
92
4Va
Hathaway Bakeries class B__4_—— *
$7 conv preferred.-—T
Maine
2
92
92
common——,——*
Loew's Boston
Mfg Co
2%
'
A———100
Group
(Del)
1
*
8%
I'A
79
V- 'AA.-,
Jan
150
■
8
19
' L-!
fA
Sep
Jan
14
Apr
70
1114
19
*"
'
Aug
14
19%
10%
200
3614
% 23 Vz
2
11% July A
15% Apr
50
10%
;
Brewing common—4——5
Jan
40
%
43
43%:
preferred adjustment —44-100
Corp
(Peter)
Sep
Associates—
1st preferred series
Lamson
"•
5
15
h-i
common
Fuller
20
,
Feb
143A Aug
Jan
131
4Ta
%
10
400
.7
A 36'A
11'A
•
Houdaille-Hershey class B—
*
Hupp-Motor CaT-fsommoniT————T
54-
0S
Inc
Aug
55c
190
6 %'
■"
(The)—
Corp
14%
62
29%
4%
64
Eastern
Paper
61
.91
Apr
130
6%
'••prior preferre(d^i»44!44!444i0^
1
6% preferred ?,
—:
100
Eastern Mass Street Ry common—. 100
Employers
s
8
common_4
Jan
271
!
* r.:;i
1
451
•
2".,
—
4_4444_—
—
2
IOV2
—
common
5%
:
Jan
22%
Co
24%
181
-
11%- ""12%
——;—.-5
__!——
& Fuel
Gas
Eastern
20%
*
common—
Fairbanks Morse common
26
100
Oct
414
,
10
10%
Fox
547
2'A
1%
RR__——__4—100
Boston & Providence
2
1%
2%'
'
-■
7'A
1-' A'
1%
stpd—100
—4-.--.*
1st preferred
"
:
prcf. stamped—1100
Personal Prop Trust
1
6%
Istr pfd stamped—J—IOO
class D
Boston
10'A
1
Co
10% Mar
85
6%
9
75
Gardner
preferred stamped-!-— L--_!_100
class A 1st preferred stamped-100
6r/r
9
42%: Jan
:
604
1
•
Sep
4% May
.
72
common——
Feb
19%
v
1%
,'v;
1%
30
Eversharp'
9 V'4 Mar
'
,
Jan
% May
1214 V
—
Electric Household Util Corp
Elgin National Watch Co.—
Jan
RR—•
prior preferred__L_—100
7%
.
——100
Herald-Traveler
Boston
'
2,637
"
134%
Apr
'
&•
Boston
High
Low
■
101%
2,688
Jan
23%
280
11%
Eddy
'
Low
Pat
Tel & Tel—4—i——100
American
3)4
Apr
17)4
Dodge Manufacturing
for Week
Sale Price
Jun
v
11
14
common
A.:1 Class A
Sales
63% July
2%
17 Va
430
13%
Dixie-Vortex
lists
Jan
Jun
250
17'A
Steel
Deere
sales
11%
Jan
45
300
2,750
*
&
8V»
660
2%
20 V#
*
Dayton Rubber Manufacturing com
official
from
33
2%
V- :
-
Jan
33
July
10%
v
1%
Apr
96
6%
I !
% May
28
50
19%
A
Jan
Feb
350
17c cumulative preferred.—___—100
Sept. 26
450
A
43
100
29%
,
60%
/
71
•
ft Feb
Sep
May
21Vi
'
100 %
A
11
2% 1'
19%
.
i'«- Apr
70
20
•A
11
■
__
part shares—4—50
partic
Container
Boston Stock Exchange
Jan
Apr
Co-—
Continental
Cudahy
Apr
70
Apr
fd
iff
A. A 99
common-—__25
Corp
41%
15%
i\ Mar
21%
■'y
■*
4,
80
:
Crane Co common—25
5V
Bond Co
Interstate
High
Jan
100
iV
80
:t
I
—____
12%
a
'
• !•'.
common.
50
5%
■
5
v-*
——
Edison
Vtc preferred
__
Low
14%
■
1
50c
com
—
common
Oil
Consolidated
.
L__4_4_—_4—197&
5s series A_
A,
Consolidated Biscuit common.,—
Consumers
4
Util
West
Co.
Range Since January 1
High
51
1
■
•
*
preferred———;
Cities Service
Sep
May
*
common—
Convertible
Sep
A 21 y»
385
pfd
Chicago Towel Co conv preferred—!—'"
Chicago Yellow Cab capital
*
Sep
16% Mar
2,138
*
Feb
72
45
A
$6
J-
Corp com.—_1
—
Commonwealth
78
Serv
preferred-
Preferred
July
108
Pub
Prior lien preferred
Jun
July
8V2
Central
Jan
Mar
145
26)4
29
•
Illinois Secur
9 Va' Sep
.
9
35
•,
2614
_
21%
Casualty_-2," j
Fidelity & Guar
U S
'
A'
Mar
•••
Jan
96c
V.:
July
107
50
120
Illinois
Central
-r
4444 A'AS
100
—___—______
Amsterdam
New
—
•>-
40
150
8%
32
32
v
Woodbury Mills—
11%
.
8%
' 120
_4 •/
Monon
111
11 VB
>!.!;,'aa
3.50
4v139
::4 4-;V
2:";
V17%
Apr
JUh
30C
' .5,907
51
111:
Sugars Assoc com vtc—4—.1
13 Va
450
41,228
9%
4
50
.
Chemical Co common—__1
Eastern
16'A
♦
Central
High
4
r
Low
Shares
Cannon
A
capital
Convertible
95c
8'A
_IAA
Davison
LOW
80c
-
Range Since January 1
4
High
1614
1614
* —
vtc___*
—944--
Consol Gas Elec Light &
4 %
Low
V,-'
Corporation
Baltimore
=~rtstrTiref erred
Shares
Foundry
for Week
of Prices
Sale Price
AA;f-A..:Par -A,:--!^aaa
Wyant
for Week
of Prices
Par
Campbell
Sales
>
Range
Sale Price
lists
Sales
Week's
VVFriday
A
A-'aA.
\
■
r;
Week's
Last
STOCKS-
sales
Sept. 26 to Oct. 2 both inclusive, compiled from official
;y
1227
U
S
Air
Steei
&
Co
Lines
Carbon
Radio
20
common.
capital
Transp
common..
cumulative
capital
:
preferred—.
Products
common
5
15%
*
49
46%
109
100
1
—
.
1%
41
7%
May
Apr
54% July
15%
Oct
44% May
55%
Jan
109%
116
107%
Jun
119%
Jan
1%
50
I'A
Jan
49
1,434
1% July
THE COMMERCIAL & FINANCIAL CHRONICLE
1228
Monday, October 5, 1942
OTHER STOCK EXCHANGES
Last
STOCKS—
Sales
Week's
Friday
for Week"
Range
Sale Price
Range Since January 1
Shares
of Prices
'
,V'-:
■
.
Walgreen
Co
LOW
Far
■
——-—•
common-
1
Wayne Pump Co capital
18%
Westinghouse Elec & Mfg common.—50
71%
11%
Jan
16%
237/a
Jan
28%
Sep
58
63 Va
Apr
81 Vs
Jan
Jan
Sep
Woodall
Wriglcy
(Wm Jr)
3
Industries common—2
l5'A
350
2Va July
53 7/2
53
3%
4
Apr
2% Mar
15
1,590
:
,
•
Detroit Stock Exchange \
4
Chicago Stock Exchange.
.
DETROIT
Building
July
15
Ford
62 Vi Jan
8% Mai-
350
14%
New York Curb Associate
Exchange
Jan
4
Sep
40
250
53 >4
*
common—
4'A Mar
15
capital—..—..*
Co
Corp
4% Aug
300
3
Yates-American Machine capital:.—-5
Radio
1001
5»A
•
6%
3
5%
Bankshares comraon-.„,.._<l
Members
New York Stock
5
5
——■—■——*
■Common
Watling, Lerchen & Co.
Sep
26
Stores, Inc.—
Wisconsin
Zenith
-
650
72%
27%
Wieboldt
High
18% Aug
16 >4
•
Western Union Tet'commo n ———100
650
28%
16'A
__■
Lota
15% May
High
18 Va
18%
Telephone: Randolph 5530
Unlisted Stocks—*
5'A
& St San com—*
American Radiator
Anaconda
26'A
■25y8
47
Bethlehem
56%
54%- 56%
Topeka & Santa Fe com_;._100
Steel Corp common.:.-.-—*
Curtiss.-Wright—_———l
-
Apr
5%
28 %
27%
52%
Oct
May
67
Jan
Jun
9
Jan
3%
575
•
52%
52'A■
22 7/8 May
815
5 V4
5'A
26
Copper Mining—50
Atchison
1,500
-
50
400
8%
7%
8 'A
Co_—*
28%
27%
Interlake Iron Corp common.———-*
6%
5%
755
General
Electric
Martin
28%
646
6%
100
21% Apr
5% Jun
28%
6'A
21 'A
common———1
L)
(Glenn
21%
55
17% May
26
5
~6 JA
5'/«
Central RR capital——•
10%
9
Nash-Kelvinator
New York
Corp—
Inc
Pure Oil
Co
3V2
11%
1,003
8%
121
714
Jam
Detroit Stock
Last
Jan
17
Feb
10 Va
Apr
Oct
26%
Apr
STOCKS—
3%
3%
15%
935
3 Va
3'A
200
capital—25
Studebaker Corp common——•
1
39%
—10
Yellow Truck & Coach class B———1
20%
2%
450
14 %
Radio Corp of America common——*
15%
Republic Steel Corp common———*
Oil of New Jersey
Standard
U.
4
Jan
5
Jan
Apr
314 Aug
42>/8
Par
514
Apr
47
13% Mar
21%
Oct
1314
107/2 Aug
100
12%
Jan
Continental Motors
&
Detroit
Edison
Divco
Twin
Exchange
Federal
STOCKS—
Laundry
Sale Price
Gar Wood
Industries
—
.—
—.
A.;;;-/;
19%
-f.y
91
Range Since January 1
High
/19%
.....
•
Churrigold
—
Cincinnati
Ball
High
Low
15
19
Jan
22
Apr
6
91
Oct
91
Oct
.
Cincinnati Gas & Electric pfd—
100
75
Cincinnati Street..——
Cincinnati
Telephone
3V4
—5
.
_
50
#
Cincinnati Union Stock Yards
P4
Jun
Jari
32
2
Jan
31/4 Mar
104
66
Aug
86
Jan
Jan
9
Sep
Aug
77
Jan
75
9
62
V-
6%
.'
6%
f-
-
■
'
61 %
-
«
Crosley Corp
125
87%
62
:
3*4
2%
73%
8*4
„i..::——
91
2%
374
...
Crank.—.
15c
100
3%
1,170
3
15%
314
2,960
78c
15%
3,327
43c
Apr
3%
15
15%
214
i
10
*
314
10
1%
2% May
350
.
814
Jan
214
Sen
Jan
10%
Apr
Jun
150
Sep
5
Sep
114
1,250
1%
18%
Apr
1V4 Mar
3%
Sep
4% Aug
Jan
100
2',4
3%
commnn3
common
Motor
Lock
—...10
"■'-
■:
1%
■■
3
300
Sep
2
Feb
3%
Feb
July
l 'A
May
l'A Sep
496
' 39
1%
30'A
Jan
39'4 July
300
1%
2'A
1% July
Jan
82c
700
60c
May
99c
Feb
13'/a
13 la
100
13
Aug
17%
Jan
Sep
10%
8% May
10'A
Jan
4'4
Apr
7%
10 »A
414
1,000
53c
1
6%
625
4'A
47/2
7«/4
107/b
.——*
Manufacturing com
:
80c /
81c
common.:—.10
common-...-214
common—
-
2%
100
1%
39
I
1
;•
■
1%
"B"
Car
&
3
——1
common
153
*
3V»
200
54c
Kinsel
5%
910
;
'
.
59
60
6%
6'A May
115
77/8
280
974 Jan
7% Apr
3% Feb
6*4 May
'
'
—
1%
——1
common———
1
Products
Kingston
Drug
common
47c
Oil
Jan
30c
Feb
45c
Feb
1
Jun
15c
65c
Jan
1
Sep
Michigan Steel Tube ^common
Michigan. Sugar, preferred—
1%
Micromatic
Motor
Murray
Jan
Feb
-
l'A
23c
Jan
Jan
2 'A
1 'A
Sep
,May
8
Jan-
May
4
Feb
May
6'4
Jan
Jan
514
100
4'A May
10'A
425
6*4
Jan
9*4
Sep
574
-
220
4%
Apr
5%
Jan
5«A
■
Feb
100
5
86c
900
56c
5
5
100
5
Sep
57/2
Feb
1%
common.——A.*
Prod
4
100
60c
l'A Jan
1'/«
1,100
T.ISO"
:
1%
100
1%
Apr
2*A
Jan
1%
1%
common——.—*
Parker-Wolverine
Mtl
574
——_—...10
■V
1*4 Aug
5 Va
5%
9%
Corp common.
Peninsular
7
———1
common
300
4-
7
common.—.—.1.——*
Hone
Products
1,200
114
114
"4:
—JZW
—...10
1,300
17c
1%-
Michigan Silica common...:-—......1
100
lVa
15c
Michigan Die Casting common———1
1,300
47c
-
1%
15c
common—.—..——1
114
47c
114
Masco Screw Products common—i.—l
McClanahan
Baldwin
43c
3%
1
common
Motors
Hurd
Shares
<
Low
20
Machinery
Feb
43c
for Week
Par
American
Oct
1%
*
Houdaille-Hershey
Sales
Range
of Prices
19%
Jan
Mogul common..—
>—5
Brewing common.—1
Hudson
Week's
Jan
1V4
Frankenmuth
Hoover Ball & Bearing
Hoskins Manufacturing
official sales lists
Last
15%
485
common—.—!
Stove
Goebel Brewing
Friday
370
1%
—..20
common——..
High
19%
1%
3 Va
Truck, common
Low
18%
common_.10
Nav
Graham-Paige common......
compiled'from
Range Since January 1
High
114
1
common
Cleveland
Detroit-Michigan
General
Sept. 26 to Oct. 2 both inclusive,
Shares
19%
common.—1214c
Biscuit
Burry
General Finance
Ginciniiati Stock
of Prices
Low
Briggs Manufacturing common——.—*
.1
Brown, McLaren common
Jan
375
%,
21%
12%
12%
19
Apr
31
375
40
4%.
Co common—.
S. Rubber
2%
.
Jan
3% July
Jan
1314 May
Sales
f»r Week
Range
-Sale Price
'/■■
'
Detroit
Standard Brands common—♦
Week's
Friday
Jan
Oct
Exchange
Sept. 26. to Oct. 2. both inclusive, compiled from official sales lists
Jan
10%
20% July
141
Sep
6% Aug
Jun
26%
•
7%
Jan
6'A
8%
*
common
1,120
1,880
17
25%
capital—————
(The)
6VB
10%
,
16%
17
Paramount Pictures common——1
Pullman
Jan
85c
85c
•
6'A Feb
Apr
Mar
97c
Jun
'
Dow Drug
37A
3«A-
75
1%
.10
7
7
25
G% May
...100
33
33
20
33
Sep
> 40
23%
23%
35
17
Feb
25
—
Eagle-Picher
:
..
.
Foundation
Investment preferred
Gibson : Art
1—l;
-
■;-;•
.
Jan
8%
>,
Hatfield
0
—
.■
Apr
2374
2
....
<■
"
8%
'
■
<1
S.
Playing Card
U.
S.
Printing
—
10
.
..
...
■—4."
Feb
22%
Apr
29%
20
Apr
23 »/2
585
42'/.
Feb
52
Jan
230
Mar
2
:
95
227
Jan
3
13
3
Jun
4%
28%
3'A
3'A
17
2Va May
5'A
5'A
60
4'A
82
9% May
160
May
Jan
4
.
'
Wurlitzer
:
.....
'
.10
—
.
common...
1%
—.
10
1*4 Aug
675
11% July
5% Jan
Feb
(Fred'k)
Stearns
common
120
10
Mar
50
95
Apr
100
Aug
33
Jan
11%
Timken-Detroit Axle
Tivoli
1
Brewing common—
2714
100
74c
100
65c
n'4 July
23% May
74c
common—.——10
98
2714
.100
11'4
98
—
Preferred
Apr
1.00
Feb
Jan
1 '/a
Young Spring & Wire—..........—*
100
l'A
Jan
114
374
1,100
2%
Jan
6%
314
Wayne Screw Products common—4
1 '/a
3%
Aircraft common—.——-1
Warner
6 74
125
6%
Jan
3% Aug ;
6V2 Jan1'.
UnlistedAmerican
10%
9%
114
General
39%
Motors——10
Standard
Timken
Brands
Roller
Bearing—
10'A
37%
Jan
3
Aug
10
Jan
Los
10% Aug
1% Jan
July
30
12
.
Mar
1
46
3
9
372
39%
37%
—
170
221
1
1,
IT
3
*
_—„
-
9%
10%
Rolling Mill..——i.____25
City Ice & Fuel——————__*
Columbia-Gas
39% July
3'A July
43 Va
32 JA May
Angeles Stock Exchange
Sept. 26 to Oct. 2 both inclusive, compiled from official sales lists
Friday
Jan
Low
Cleveland Stock
Bandini
Exchange
Sept. 26 to Oct. 2 both inclusive, compiled from official sales
Last
of Prices
Par
City Ice & Fuel
*
—_
Clark Controller
a
■■
I.
12
12
62
60%
62
10%
10
Chemical
8%
40
12
*
5
Dow
LOW
High
10'A alO'A
Cleveland Cliffs Iron preferred
common.———..—
Range Since January 1
High
*
Cessna
B.
F._
—25
a
Goodyear Tire & Rubber—.
*
Interlake
•
Leland
&
:
■
■
125
12
July
10
Jun
31
110
Jan
3%
.13
115
Apr
•
'
21%
Sep
40
Jan
Feb
30
Jan
.
9
3'A
100
9
12
Jan
Jun
5
Feb
May
434
13
Oct
.
*
new——.———*
Prior preferred 6%——
"A"._—
Bros.
Oil
;
"2»/»
48%
*
■
27
2»A
752
48%
313
1%
45
10
.»
.
45
1%
......
5
62'4
—*
Steel Corp.—5%
62%
6%
4%
62%
6%
5%
380
670
2,695
22 >4
19 »A
22'4
1,319
a66%
66%
53% Jun
5%
57/a
20
752
265
39%
4
8»4
21%
39%
4
548
100
8*4
22V*
120
205
31% Feb
4
May
6% Mar
*
26
26*4
400
17
1
40c
43c
400
40c
Corp
......
Oil
2214
22'A
675
a32% 32%
•
Preferred
Douglas Aircraft Co.
Derrick
—_*
Youngstown Sheet & Tube
Apr
Motors
Paint
—*
com.—10
Firestone Tire & Rubber common..
General Electric common
10
36
■
T
48
Jun
Feb
.
:
1%
U
S
common
8%
1.103
1%
100
591%
120
a30% a30%
25
1%
59%
59 >/3
'
For
Motor Car
Lane-Wells
Co—
Oct
Los
Menasco
.
:
...
see
page
1232.
//
Jun
12% Apr
48% Jan
4% May
Jun
62*4 Oct
6% Sep
574 Jan
Apr
22%
8
/
4
17%
Oct
64
Feb
6'A July
5 Va Mar
47/4 Aug
5 Vr Aug
5'4
a20c
1
10
—I
Angeles Investment Co——
Mfg Co
23c
325
a20'4
21%
7%7*A
1.15
1.20
216
2,925
:
1.15
__
13%
19%
6%
Jan
11
17/4 Mar
55
,
30%
Feb
Oct
Mar
July
59% Sep
3574 Jan
1st
5'Ar'r
4*4 Oct
•
•
18c
Oct
Mar
15>4 May
6
Apr
95c
Sep
7c July
7% Feb
35c
Jan
23
Jan*
7*A Sep1.90 Jan
9c July
Lighting
Corp
25
...
com.:
—
28*4
26'4
a29%
8%
25% Mar
Jan
22'4 Apr
8^8 Oct
20
Sep
29
Aug.
2674 Sep
30% Jan
12
May
20
28%
26'4
a28%
8%
,
390
100
155
100
a20'/s- 20%
—25
preferred
1st preferred
Puget Sound Pulp & Timber
Co:—*
29%
8%
16
Apr
25
100
1,15 Jun
1.80 Jan
7%
7Va
7%
554
3%
3%
3%
1,162
6'4 Apr
3
May
8% Jan
—1
38'/«
—
a38'/8
29
19
20
10
203
July
24'4 Jan
14
Jun
35
July
30'A Sep
24
Jan
__
27/2
Stores Inc.;
.......
*
Security Co units of benef interest—
Signal Oil & Gas Co "A"———-—*
Solar Aircraft Co
—-—-1
94
.
Republic Petroleum Co common...—1
Richfield Oil Corp common—
*
Safeway
60
6 »/8
6 7/8
20
S'/a
Oct
7%
Jan
Sontag
_*
914
1014
80
9%
Sep
10'A
Oct
Southern California
14%
15%
206
13%
Sep
17
Feb
*
47 Va
48
57
625
Oct
52'4c Feb
5'4
700
6c
26%
Sep
2
132
27%
-
>
39% July
5*4 Jan
8% Sep
22V« Sep
2914 Jan
25
23 %
a6c
May
/
3*4 Mar
123
—
•
7
5%
5%
10c
Co.—
Corp......^
11% Jan
100
a21%
.1
Aircraft
4*4
4'4
4'4
Merchants Petroleum Co—1
21% July
.
*
...
—* /■_.:: *.
Co
Petroleum
Lockheed
_•
common.....
footnotes
19%
5'A
39'4
—10
common
Development Co—
*
common.—
common
13%
27%-
:
common.—
York Central RR
Steel
Corp
Hancock Oil Co common A——
Holly
Oct
65
8%
5
>
—.
Corp common—
Co—
Goodyear Tire & Rubber Co....■
24,
■23 Va-
......
Rayon
Republic Steel
5V2
Corp..———4
—5
Equip Co
Ryan Aeronautical Co
Addressograph-Multigraph
Iron
■
:
McBean &
Gladding
Lincoln
214 Jan
1% May
Unlisted—
New
&
General
Pacific
87/8
—
...;
West Res Inv Corp preferred—.100
Interlake
—
Corp...,
Pacific Gas & Electric common—...25
227/4
Ohio——25
Refining
2
13
v
a25% a25%'
——
of
Van Dorn Iron Works
Industrial
19
Jan
15'4 Aug
1414 Mar
Oct
65
a
Thompson Products Inc.—;
Warren
Oct
17%
a 16%
17%
1
Ohio Brass■ *'B"—
Richman
13
70
16%
al5% al5%
Tools
Refining
Standard.
25
i7%; 17%
13
Machine
Nestle LeMur
17
Jun
9% May
85
.
National / Acme
National
280
585
Hudson
Monarch
Jan
% Aug
Jan
■
McKay Machine
8'A Jan
9%
Consolidated
Jan
74% Mar
14*4
Aug
11%
' 60
96
10
13
2
July
lS'/j.
Chrysler
Emsco
166
,:' / V
31
3%
13 V
5% Apr
1
a21% a22',2
;
42c
110
1574
Consolidated
100
a22
10
Sessions.
Electric
714
7JA
187%
147/2
Oct
55
2,151
% 31213
30%
114 May
%
7'A
15
-:9%
General
Steamship
Kelly Island Lime &.Tr_
Lamson
11
Vv"'..■■'■';- a22
...
—-
200
'4
*
974
Electrical Products
General Tire & Rubber Co..
Goodrich,
2.20 Sep
2% Oct
1
18'4
15%
10% Aug
Jan
1,175
; 10%
112% 112*4
preferred—
1.30
1.30
High
1.35 July
2.20 May
Corp common..—*
Corp..—...—100
Packing
Central Investment
.
Cliffs Corp
,
Low
11,200
100
Aircraft Co..————1
California
Shares
■
Low
2%
1
2
common,
Broadway Department Store Inc
for Week
Range
.•>
lists
Co..———
Corp.—
Oil
Chica
Range Since January i
Sales
Week's
Friday
tie Price
Petroleum
Diamond
Blue
Bolsa
Shares
High
1.80
2.10
2%
2%
2.05
—_50c
Inc
Accessories
for Week
of Prices
Par
Aircraft
/ Sales
Week's
Range
Last
Sale Price
STOCKS—•
STOCKS—
.
2% May
15% Feb
100
12 -U 12
*
Paper common—.
Jan
30% Mar
25% May
29'A
3/A
.
" •
230
3 *c
29%
/:
Feb
49'A
common——...2
(H W)
Scotten-Dillon
Jan
100
.
228
'
3
.
U.
%
162
48%
48%
preferred
260
20
2
■
«
Procter & Gamble common
Rapid
2
-
26'A
20
'
—
Jun
25%
26
...
—....
Rickel
River Raisin
"■
•
Kroger
Lunkenheimer
Brewing common—_—_*
Jan
'
1':—...
Pfelifer
6%
Drug
Stores..
__
3%
.......—_—*
Edison Co Ltd—25
preferred B___
5%% preferred C—
llA
25
25
__
29
19
2'4
■
100
3%
17%-
18
28%
l'A
28%
25%
28V2
26'A
400
18
2,216
•
.409
344
35
1% Jun
2% Jun
5Vn Feb
2% Feb
574 Feb
Apr
20% Jan
24% Mar
23
Feb
28% Aug
27
Aug
15
"CHRONICLE
THE COMMERCIAL & FINANCIAL
Number *4113
.Volume 156
1229
OTHER STOCK EXCHANGES
Last
Range Since January 1
Low
'
30
29%
29%
Shares
,
18
324
29%
St. Louis Listed and Unlisted Securities
High
30% Aug
25% Mar
30V2 Aug
30% July
High}
a30
-25
preferred "A".—
6%
Low
-25
preferred
for Week
Range
of Prices
Par
Southern Call Gas Co 6r/<>
Sales
Week's
Friday
Sale Price
STOCKS—
Edward D. Jones
1
Southern
Pacific
Oil
of
Co
16»/4
—0
California
14%
24
2,875
10%
Jun
16%
Oct
947
16%
24%
Co^
Standard
18%
Apr
24%
Sep
1%
2%
Sep
4
Apr
Jan
10
Apr
13%
24%
Established
'
Transamerica
OH
100,
2
4%
4%
al2%
13
—25
California—
of
"*4%
__2
Air—5
Corp—*——
Transcontinental & Western
Union
2
——1.
Oil Corp
Sunray
2,241
4
12%
12%
705 Olive St., ST. LOUIS
4% July
'
1,536
13
"Jan
,,:
Alaska Juneau Gold Mining CO-—10
Black Mammoth Cons
al%
1,000
2c
Apr
6c
lc
4c
2,000
3c
Aug
Feb
,
Phone
4c
4c
5c
American Radiator & Stand Sanit—*
4%
Jan
5%
Sep
5%
210
118% 119%
470
103
Apr
a25%
27
156
24
May
29
Jan
.5%
American Tel & Tel Co-—100
,
\
—
Anaconda Copper
/
a27.
Mining Co—
—50
Atchison, Topeka 8t Santa Fe Ry_—100
Aviation Corp (The) (Del)——•— 3
a
Postal Long Distance
Assoilute Member Chicago Mercantile Exchange
New York Curb Exchange Associate
28 %
St. Louis Stock
Jan
47%
49%
387
3%
3%
300
2%
Jun
4%
al2%
12 %
22
10 %
duly
13%
Feb
a9%
97/a
10
8% May
10%
Jan
34%.
90
31
Aug
39%
Jan
a56%
56%
25
53%
Sep
60 y2
Feb
a26%
26%
15
22%
Jan
25%
Friday
Jan
al2%
Bell
Barnsdall
Oil
Aug
.Co————
Bendix Aviation
*
Corp—*.———5
Borg-Warner
a56%
Corp
Mm
n
Canadian Pacific Ry. Co
Commercial
Solvents
—
-5
m'm
—..
Corp.—:—:—
Continental Motors Corp.i———J,
,Curtiss-,Wright
Corp.—
Electric, Co———
General
a34Va
.v.;*
Bethlehem Steel Corp.
.
<
—25
5%
— _
Ju
8%
28%
McKesson
49% Sep
Last
STOCKS—
——:
Central
North American
Oil
Co
Packard
Co
Aug
31
55
10
12%
12%
I,.'*
Radio Corporation of America
»»*•
13%
—
Jan
2
17%
50
22%
385
a3%
al4%
'3%
35
2%
Feb
14%
30
13%
Jun
a54%
Steel:Corp-/,———
Sears, Roebuck & Co———-/
Socony-Vacuum Oil Co—
•
—
54%
16%
—
4
(New Jersey)—
40%
3%
•
(The)—
—.25:
Union Carbide & Carbon Corp
*
United Air Lines Transport——_5
United Aircraft Corp—5
United Corp (The) (Dell— ——*
39%
40%
18 '/a
a28%
——
U.
a:,it
■
22
22%
——0
■*+
Westinghouse Elec & Manufacturing.50
Steel
.
,
...
■/
—
'' /
■
:■ ■
...
72%
40%
24%
Tel
62% Mar
64%
14%
•
27% July
34%
% Mar
11
16%
63
120
Jan
221/4
55 y4
Atlas
71%
Lehigh
Lehigh
:
Jackson
115
11
24
2%
12Va
2 Va
52
5%
44 Va
%
175
%
Feb
50
16%
32%
60
39%
632
4%
4%
3%
—
'*
12 %
18%
Jun
28% Apr
40
Jan
3%
Jan
5
3%
21
2%
Jun
3%
Jan
3%
4,514
2 %
May
3%
18%
Jun
24 V8
100
10%
11%
Apr
15
34%
160
25%
Apr
36%
Capwell Co
50 Va
240
43 Va
Apr
55%
:
Fund
Machine
%
200
Va Mar
iV
%
i5«
132
a'a
%
*
216
%
100
4Va
100% 101 Va
24
/
i°,r Jun
I Sep
Apr
Mar
279
13'/a
3%
4
Va
12%
1956
106% 106%
Friday
Week's
.Last
STOCKS—
Range
Sale Price
of Prices
LOW
Par
Allegheny Ludlum' Steel
5,555
Salt
Leslie
Co
For
(footnotes
-10
.
% Aug
V.
,
;
'
v..
-
6%
Apr
2.10 Seo
2%
Jun
8%
Jan
7%
1,955
4%
856
3% Mar
4%. Aug
6%
110
5%
Jun
7%
Feb
5
13%
85
Apr
103%
Jan
160
95
10
Feb
14 %
July
250
2%
.;
% Mar
4
20c
65c
62%
Sep
22
3,200
366
203
11%
540
-
3
Jun
40
537
18%
52
3
2
80
4%
20c
Jan
5% Sep
30c
16% Mar
,19%
Mar
Jan
50
May
52
Sep
60c
Aug
2.00
Jan
45%
Jan
11%
62 % July
Oct
11%
Oct
3%
2.50 Mar
Jun
915
10
Mar
12
Sep
86
131
76% Mar
88
Jan
31
34
15%
32
Sep
100
2.10
Feb
250
5%
Jan
12
■
■
2.25.
6'/a
Jan
2.50 Mar
■
7% Mar
13
350
12
July
15%
38
140
32
May
38
Sep
5
5
100
5
Sep
5
Sep
10
12
Apr
22
43
May
25
/
/
15%
15%
H "
50
49
'
•
50
96
97
35
35 Va
;
Jan
16% July
50 %
Feb
83
Apr
325
28%
Apr
35% Sep
!'•
Magnavox Co., Ltd—.
i
Magnin &
Jun
5%
Jun
■
Jan
106%
Jan
24
Oct
$700
105 % Mar
108
-
Jan
;
Jan
39% July
Apr
30
108
Jan
Natomas
Sales
for Week
Shares
Range Since January 1
Low
5%
22
5
6%
75
4%
100
1 y*.
1%
7%
1%
88
90
5%
5%
90
5%
13%
Feb
40c
40c
Sep
50c
Feb
41%
Jan
1,000
Oct
23
33
Jun
12%
100
10
Mar
13%
Sep
6%
400
5%
Jun
9%
Feb
20
37%
Jan
36
•
36
;
44
28
29
590
22V4
28%
23
375
4%
1,750
21%
4 Va
21
21%
443
24
May
19% July
4
Mar
15% May
-
44
.
Sep
31% Feb
27Va
Jan
5%
Jan
24% Jan
^
Jan
90c
.55
1.45
1.65
1,420
5
5
5
225
3%
Jun
210
12%
Aug
1.20
300
95c
Aug
7
3,130
13%
13%
13%
1.20
6V2
;6%
•
5
8%
1.90
9%
Jan
Jan
Feb
Sep
7
Jan
20% May
3% May
29
Jan
150
■
8 VA
8V4
Jan
.
Apr
5
Sep
400
7% July
15
24
24
Sep
Sep
5%
95c
190
6%
6%
6%
2.20
15
Jan
620
95c
91c
95c
:
;
90c
5%
8% Oct
1,434
1.35
Feb
15%
Apr
1,211
24% Mar
29% Jan
26%
26 %
270
22
27 %
25%
25%
253/a
185
21
29 %
28%
29 VA
955
22%
12%
12%
482
11
83%
84
55
72
119
.15
—
TOO
Pacific Tel & Tel common
2.10
100
145
145
32
0
30
30
515
Whistle preferred——
—0
Puget Sound P & T common-^———'
2
2
60
Preferred
8'/4
Jan
Apr
7
Sep
Jan
—
-1
Mar
Mar
2.15
20Vb
Apr
Sep
Jan
?5% Aug
31
Jan
Mar
14
July
Apr
101
Jan
Apr
22% Mar
146
Jan
30
2.00
£ep
July
Jan
.
Apr
Jan
1%
l»/4
83
4%
May
:
12% Mar
Co's common——
R E & R Co Ltd
Apr
9%
1%
Feb
Jan
preferred—100
1
—25
Preferred
—
Rheem Manufacturing Co——---—l
30c
97
Feb
Ryan
Apr
6
Aug
Shell Union Oil common
30c
100
1%
100
l'/2
Sep
74%.
70
55%
Feb
Sep
28% May
Aeronautical Co.
70c
Jan
Soundview
37%
Sep
Southern
Pulp Co
Pacific
—1
—
—
common—
Co-
——
3% Aug'
May
14
3
74%
Mar
Oct
Standard Oil Co of California-Tide
Water
3%
15
5%
Jan
Transamerica Corp
Feb
Union
Oil
Co
of
—-
California—;
8%
200
8%
Sep
15%
60%
320
31%
Jan
61% July
8%
183
8
Apr
11
Jan
25%
100
24
Mar
26
Sep
11%
225
10
Mar
7%
665
13% Aug
8% Jan
3%
3%
460
5%
Feb
14%
11
14»/?
225
10% Mar
14%
Sep
17>Wan
8%
57
11
7%
6%; Apr
3 Va May
5
15
1'3%
15
*
1;068
12% Aug
*
16%
14%
16%
5,930
10%
•
24%
24%
24%
1,747
18 % Mar
'8%
8%
272
8
Jun
10% Feb
3,988
4
Jan
4% July
Associated Oil common—10
13%
Jan
8%
7%
common—-
Jun
1.50
25%
8%
57%
Rayonier Inc common-,
"
July
37%
1,500
5
—
Pig'n
7 y4
45
225
Sep
1,774
Jan
10
940
3,342
10%
28%
IVa
%
630
4'/4
100
20
4
140
15%
Sep
10V4
2.15
6% Mar
300
4%
13
19%
Sep
2,050
14%
Apr
6%
.'•/
*
15%
10%
28%
Paraffine
1%
•
296
19%
Jan
70%
74%
12%
28%
22%
30c
..5
12
——25
5%% 1st preferred———25
5%
1st preferred.———
25Pacific Light Corp common—-——-0
Pacific Public Service 1st pfd
—0
High
16% May
37%
<—100
Apr
44
common—5
Aggregates———
1st preferred
6%
High
11
Coast
Fisheries
Sep
8%
12%
—
"B"—0
American
Sep
8%
2,189
12
6%
-10
Filters
Mar
12%
^
Co———-10
United
6
40c
61
Insurance
Occidental
25%
100
10V4
— —r
—
Oil Cons—
31%
100
12%
"
Investment corn.—100
American
647
8%
11%
Co common—1
Co
American
39
30
8%
"
Pacific Gas &r Electric Co common—25
10
7%
'
12
——1
0
-5
Co common—
March Calculating Machine
Menasco Manufacturing
:
v
—
38%
30
.
1
10
.
:
Mar
17%
10%
*
—1
1232.
—Hig h—±—
.
7%
"
—
Inc.——.———1
Libby McNeill & Libby—7
Lockheed Aircraft Corp———___1
Richfield Oil Corp
page
Apr
12%
m-—''
0
——
Jan
15%
1%
~
see
1%
38
38
R. G.,
Jan
92
4%
.
January i
_
1.35 July
150
6V8
1
Home F. & M. Ins. Co. capital—-10
Honolulu Oil Corp capital———/-0
Hunt
Brothers,
preferred—//l-l—10
Langendorf United Bak preferred-50
S2
76
6%
,
(® L) Candy
Columbia Gas 65 Electric
Gas—
Lotg
,
2
r
3
10
Inc
16 Va
80
5%
—
&
r
7,660
11%
Development
July
3%
17%
17%
Clark
Oil
Jan
Range Since
Shares
High..,.-,
2.25
common-——10
preferred———0
0
—*
a\ Jan
11
Sept. 26 to Oct. 2 both inclusive, compiled from official sales lists
Plate Glass——
25
Screw & Bolt
Corp —
*
Westinghouse Aii* Brake—*
'32%
2.10
61%
'
10
Co___
Indem
Pacific
preferred
Oct
Sep
Sales
for Week
60c
62%
—150;
Corp common-
Bros Stores
Hale
Holly
Jan
Pittsburgh Stock Exchange
Co
6»/a
,
Exchange
52
&
Pacific
Coal
91% Sep
53
Sep
18 Va
60c
r-°
common
(with warr)
Der
Oliver
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
Jan
30
Greyhound Corp common—-—;—0
Jan
24
—100
82
800
65
McBean & Co.——
Golden State. Co, JLtd-i-—
Jan
A
Supply——j.
^10
Fireproofing Corp common—0
$900
51
85
General Paint Corp
Jan
50
49
•
Mountain Fuel
91
0
——J——
—
North
Koppers Co preferred
25
11%
Gladding
BONDS—
National
Jun
12"
General Motors Corp
Jan
7% May
3,737
9Va
25
—5
Feb
5
Food
Jun
"
34%
—
—_
5
21
2%
'
Jan
,'rt
—
TO
13%
18%
Equip Co—
__1——5'
Ewa Plantation Co capital-^—
20
Feb
27%
A
Oil
Oct
Jan
9% Jan
156
6%
4%
^—5
—.2%
North
Devonian
10
Sep
25
--1
Preferred
July
23%
A
Dusquesne Brewing
—lPitt Brewing————_
Aug
common
Emsco
Jan
33%
29%
%
Fort
Oct
6
95
,
2%
Fireman's Fund Insurance Co—25
22%
.
Byers (AM)
_
^
Co common__l
Mining
Corp
Fireman's
582
...
Co
" '
50
Feb
9Va
—
Blaw-Knox
I,
•
Jan
27%
•
American Tel & Tel 3s_—_——
I,
-
i"
*
—
—^_—
Eureka
Emporium
63% July
Va Sep
3%
'
——
—
"
—80
Co—:
7%
Jan
31%
•
Westmoreland Coal
8
5
••
'
3%
Sep
93
9%
United Gas Improvement common.
$5, preferred
'•'"i—
Giorgio Fruit Corp preferred.—_100
Doernbecher Manufacturing Co_—
El Dorado Oil Works;—0
Oct
11
27%
Corp common
66
7
20c
Jan
May
6 Ve
62%
%
23%
preferred
.5
California Art Tile "A"—0
Feb
134%
r-
6% Mar
6 Va
-
Preferred
$3
—
Sugar common———-—20
Calamba
LeTourneau,
United
8
Feb
'
High
Apr
3%
iL—.
.
8%
;
6%
;
;
10
Imperial Diesel Engine-
Preferred
Jan
3%
1
...
2% Sep
15%-Mar
14
(
4%
7%
California Packing Corp common-—-0
Low
9%
38%
'*m
common
1% May
Jan
4%
2
20
Bank of California N. A
Range Since January 1
101%
16'/a
50
Tonopah Mining
Transit Invest Corp
100
Feb
72
1.85
Di
Shares
32
Pennsylvania RR
Sun Oil
9%
8%
——..Lqw
—10
Mining
Gold
Creameries of America
162
u
A
Philco' Corp ;
Reading RR common
Scott- Paper....
12% Jun
Sales
39%
Pennroad Corp voting trust ctfs—
12%
175!
'
A
Valley RR
14V'2 May
175
295
2
Crown Zellerbach Corp common
623
2%
—
Coal & Navigation
Sep
Apr
8% Sep
_
13%
of Prices
.05
—50c
common^—
Columbia Broadcast System,A
10%
A
-
.
13%
'
Week's
Range
Last
Jun
High
10
10%
6 %
A
Battery
'
inclusive, compiled from official Sales lists
Sale Price
Accessories
Juneau
Byron
Jan
60%
preferred
-i.,
'14
Jan
6
hi
■
Anglo California National Bank-/
Insurance. Fund, Inc..
Oct
45% May
70% July
200
•'
118% 119%
Chrysler Corp
Prior
208
91
5s_—1959
inc_1964
Associated
for Week
Of Prices
11
Budd (EG) Manufacturing common—0
<1
Wheel Co—
Electric Storage
Motors
8%
Feb
5%
T
1st mtge
Jun
Range
10%
Budd
General
175
San Francisco Stock
Alaska
Jan
20
Week's
119%
common-
17
15
6%
Sept. 26 to Oct. 2 both
Aircraft
Sep
70
22',4
Low
—
Publishing Co
32
25
25
;
Feb
8% Mar
A
*,
72%
Sale Price
Barber Asphalt Corp_
Curtis
May
4% July
14% Sep
8
8
4% July
26
130
8%
—0
Apr
7% Mar
254
'7
common——5
;
70
Apr
6
5%
13%
8
A
16
,
G'/a July
2% Mar
2
i
com
40
3
14
13%
100
29%
5%
13%
/
36% July
Mar
31
28%
47%
Last
Tel
&
3
STOCKS—^
Jan
Sep
7
.
29
common—25
common
,
Jan
20%
45
a71%
'.V
Par
American
Aug
5%
Eat-
107
15
a46%
..
Friday
'
STOCKS—
American Stores-
July
5
5%.
7
Bldg Equip common.—3
<Ronds—
Sept. 20 to Oct, 3 both inclusive, compiled from official sales lists
•;
-
......
12
;5'-
13%
5V4
■;
Philadelphia Stock Exchange
;
5% Jan
St Louis Pub Ser 25-year conv
Chrysler
/- '
Jun
13%
Sterling Aluminum common—/——1
Wagner Electric common——+—15
Preferred
■
4
Supply; common—*
Cement
St Louis Public Service
Central
;
200
'
—10
S. Steel Corp..—*
14%
4%
common-
Jan
31% July
17
a
3t Louis Bank
July
8% Aug
13% May
46
-xa71%
Candy
:
55
Apr
6% Mar
223
20%
—
United States Rubber Co
Piping &
St. Louis Pub. Serv.
•
■
Texas Corp
Mar
4%
,:
•
a20 %
swift. & Co.—
common
3% July ;
17% Mar /.
44
210
17
—Shis"
Jan
8
Friday
'■
194
,Btandar4 -Brands-Inc,
16y8 July
22% Sep
Jun
7
Oct
Jan
2%
14% Mar
20
Sep
6%
8%
;
8% Aug
Mar
al6%
.v.-
a
Jan
10%
5
200
14%
Scullin
Oct
May
100
6%
.*
common
Scruggs-V.^B., Inc.,
Mar
7
Aug
6% May
350
1
Oct
:
10
10
60
2%
30% July
6% Jun
56
,
12
22%
a
.50
...
8%
2%
17%
;
240
8%
a8%
Feb
25% Mar
675
a8
Jun :i
4*4
4
Clay Prod pommon—5
Missouri Portland
34>/4
Apr
High
5%
6%
_-20
Midwest
27%
10% May
47
.
Low
5 Va
6%
<■
Landis Machine common——-—_25
Oct
37%
190
9%
12%
Ill
Standard Oil Co
44
Shoe
Laclede'Steel
Apr
26% May
24%
14
a30%
,v°
——
Co
International
Laclede-Christy
Jun
19 »/2
common
Range Since January!
High
5%
-5
Brewing com——0
Hussmann-Ligonier common——-—0
Huttig S, & D common—^
:_X~r5
Hydraulic Pressed Brick pfd—
-100
Oct
'28%
:
Emerson Electric
Low
.1
common—.,^
common
Shares
of Prices
Griescdieck-Western
Jan
J
28%
Apr
Apr
13 % Mar
40
•
12%
10
III
l
—...
Southern Railway
28%
30%
—
Paramount Pictures, Inc———-.
Pennsylvania RR Co
Republic
15
44
a30%
*
—.
Car
21
9
-
24%
al2%
*»*
'—
Inc
22%
40
44
——
Aviation
242
a28%
—18
RR
——
Motor
Jun
Brewing
Sales
for Week
Range
Sale Price
"
3% Aug
28%
.
t:
Investors
Columbia
Sep
Jun
33%
a30%
—.~—
North American Co
Ohio
100
American
National
JSTickel of, Canada;—;
Corp
—.
& Robbins Inc—
New. York
i.
9%
3%
6
50
8%:
'5%
Jun
£% Mar
112
27%
a33%
—.
Montgomery Ward & Co
'-'
-<y4%
200
.
a33%
•
Copper
Loew's -Inc
3%.
"8%
1
Goodrich (B E) Co—
Kennecotc
9%
a21
General Foods. Corp
.International
5%
9%
a3%
9%
IIIi
Exchange
Week's
Par
Baldwin Locomotive Works vtc—/— 1.3
Teletype 8L 693,
Sept, 26 to Oct. 2 both inclusive, compiled from official sales lists
129% Mar
3%
,•
CEntral 7600
Chicago Board of Trade
July
Sep
%c
.
Jun
Stocks-
Unlisted
1;
New York stock Exchange
Chicago Stock Exch.
Jan
500
3c
a%c
Mining Co-——X
Apr
2%
1%
50
1%
3c
Mining Co—..10c
Cardinal Gold, Mining - Co———-.I:
Gold
Members
1'
.
St. Louis Stock Exchange
Mining Stocks-
Zenda
Co.
&
1923
2
~4%
4%
25
12%
12%
4.%
13
1,669
Jun
T6%)Oct
24%
13%
Oct
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
1230
Monday, October 5, 1942
OTHER STOCK EXCHANGES
Last
_
Sales
Week's
Friday
STOCKS-
Low
Par
'
.
'■
Low
Victor
Preferred
v
Wells
100
11
11
413
10% May
120
6% May
8%
222 Ma
-100
Fargo Bank & U T—
8%
205
34
222%. 223
Apr
33/b
Jun
2.75
—1
—
1.95
17
Jan
2.75
>—5
—_
—
Aircraft
Vultee
12%
200
15
Jan
Jan
12
lO'/a Mar
a
113% 119%
293
1047/s
528
27%
128%
Apr
■
Anaconda
Aviation
Bendix
Blair
Del
Corp of
Service
Cities
46
Co
Oil
•1*;1'
3%
Corp.——
452
6%
Fibre Board
Prod
8%
Co—
Mines Corp.——
Nickel
International
a
of
—1
Canada
International Tel & Tel
2.05
a28%
*
*
common.
Copper Corp common
•__
''"'.V'
May
3%
2
30%
Pullman,
Radio Corp
common...
2.75
.—V*
*
Apr'?
2%
16%
16%
;..•'!%
> 23%
.
r
22%
a
3; ;• ■
V;
23 %-■
25%
•
26 ?,,/
a
3%
1%
110 >
: 19
V' 427
s
v
Jun
;
2%
250
Sep
8%
t
Jan
31c
6%
preferred
Oil of
•.
15%
2%
N
140
Feb
24
v.
26% Aug
•
3 % July
Feb
13%
l.
>10
15JA
Sep
.1% Mar
.
Sep
15%
Apr
-
a
.
a
-i—.—.25
7%
17%
8%V.
18
151
•
,
.
28%
/]:■>:
May
15
316
-
U 28%
28%
40%
8% Aug
•
.
Jan
20%
Apr
29
Mar
-
Sep
Apr
41%
Jan
25% July
230
J
••.
32%
25
252
a39 %
•
30%
>■'.
Sep
107
Aug
United
Aircraft
28
Jan
United
States
4
Jan
United States Steel
Sep
Sep
4
36%
Utah-Idaho
Westates
Jan
27%
t>
15%
as
Socony-Vacuum Oil capital!—t_
So Calif Edison Ltd common.'— —.25
Apr
Jan
' *
'
..
Standard
27% May
U
.?
common
Jan
2%
15%
Sepi
.
25% July
85
3%.
>
15% July.,".';.
50
1%V -: V-'. V
'•
Feb
2 >
100
Jan
16
Feb
>
Feb
3.50 July
1.50 Mar
>10
Oct
Jan
8%
"V--'
v/
i.
10%
13%
May
65/a
100
a
capital...
of America
10
50
16
-X
-
"
40
a8
—1
-
Apr
6%
•
257/a July
40
30%
Feb
Inci,
V;>
Mar
30% July
Apr
7% May
25
8
2%
—50
Mar
22%
35
28%
a3%
30%
*
:.:-c
Mines.——
Jan
14% Aug
105% Aug
3,300
—
Cons
315
11%
common-
Pictures
Utah
Jan
2%
24 %c Apr
297
28 V2
2.15
Park
10 %
16
Pennsylvania RR
4%
4% May
6
13
106% IO6V2
a27%
•
-
Paramount
Co
40c
IV/2 Mar
t
10
30
Motor
High
24
May
24%
142"
v:
2.75
'
•
...
20
20
%
all %
•
_
•
Packard
32%
,—
Feb
common..1- .xxxilO-
Sugar Co
31
•10 Vb
":'v'
■
3 1'.
"
/
10%
1
-J—_
——1
Sugar Co
Oct
51%
2% Aug
95
30
*
»
prior preferred___100
Electric
Mary
Kenn
Co
.
Low
23
a30%
•-.,
'•
"
Idaho
Aviation
American
Republic Steel Corp
302
a8%
•
,
13%
6%
1
Dominguez Oil Co_
General
American
North
Jan
V 28%
vt
Jan
<■
capital.t
North
w-i'a.;.
■,
Range Since January I
*
High
f 23
*
Jan
28% July
;
,..,July,;;i
30c
5t
2%
13 %
May
2% May
31
f: 596
a2%
*
Curtiss-Wright Corp.—
29%
w.:k 75
13%
•
-
23% May
t
100
34%
35c t 35c
,
■
...19
common.
170
a34%
1
24
.f
1,502
:''"• 3%
3 %
___3
Corp.————————5
Consolidated Edison Co of N Y
Consolidated
it
51%
100
Co., Inc., capital
26%
51%
a25%
50
—
& Santa Fe_.
Aviation
&
14
Mining
Copper
Atchison Top
a27%
Low
0
Co..
Shares
of Prices
v,
•.J
Sales
for Week
Range
.
Sale Price
■
Ward <fc Co.xi—-._
New York Central RR
Olaa
100
Tel
Viscose Corp
•1
.
Onomea
Tel &
American
i
,
Par
Navigation
Montgomery
Jan
270
May
Unlisted—
American
;
High
Matson
—.25
Equipment Co common.-.....l
Week's
Friday
Last
STOCKS—
Range. Since January 1
Shares
High
15
Union Sugar common..—
V-V
..
for Week
Range
of Prices
Sale Price
Western
Corp
common..
a
....L.l
■—*
Sugar Co
Petroleum
Pacific
-5
....
Co
common.
Petroleum
common..
—i.
1.25
k
:
5
^K--'-":, 2.20
■
~
<
preferredts——
20
.29%
1.25
48-%
1
cbmmon
29 %
1.20 1
48 Va
>
2.20
VV
200
>
55%
Jan
3%
Jan
8c
Apr
Mar'
•'4C
,665
i%
-
Feb',-
V
-
Oct
Jun
2.10 July
V
>1,000
-
Jan
1.25
May
44%
.,.434
:
6c
6c
•1%
80c
r1,200
-
46%
•!%
•
Sep
CANADIAN MARKETS- -Listed and Unlisted
Week's
Friday
Last
..
Montreal Stock Exchange
Week's
Friday
V1-:?'>''"■■•
V
:^.:v..v^-;Last
:•
STOCKS—
Par
Acme
Works Ltd
Glove
Alberta
Algoma Steel
Asbestos
Bell
3
common.—
Power
8%
*
—
T
&
&
L
Paper
A
British Columbia
Power
Corp class A_*
Class B
Bruck
Mills—
Canada Cement
Preferred
common
Canada
Corp.—
I'/o
participating
Canadian
I'/t,
Celanese
—
Canadian
Class
—
1 122
22
preferred—...
A
100
Pacific
Cockshutt Plow
Ry.__
Seagrams
Bridge.—.-
Dominion
Coal
Dominion
Glass
Dominion
Steel
Dominion
Tar &
Dominion
B—
Chemical
Foundation
Gatineau
5%
Power
Steel
Gurd
(Charles)
Jan
>23
Jan
Feb
116
Jun
114%
3%
280
3
Mar
3M2 May
3%
100
3
Mar
3%
6%
6,837
5
Jun
6%
Oct
6 %
6%
25
5%
Jan
6M2
Oct
33%
450
34
32% Aug
505
21% Mar
145
20%
10
10
117
7%
a
367
7%
Mar
6%
Jan
26%
July
112
Jan
•24
Sep
10
Jan
39
Mar
Jan
15%
117
Aug
0M«
Jan
4M2
Jan
Jan
4
70
4%
290
70
86
66
Aug
82
151
„
4
151
11
150
Apr
154
Jan
Apr
6
Jan
4%
4%
14%
100
14%
6%
330
6%
21V
72
72
—
65
-
3%
3%
12
5
63
Feb
Feb
Jan
6%
Sep
74%
Feb
6%
Apr
Jan
6
5%
6
225
5
Apr
84%
85
30
84
Aug
92
Feb
4
3M2
2
Jan
3%
3%
•>-35
2%
—*
::
Bridge
3%
895
2%
Apr
3%
Jan
3%
205
2%
Feb
3%
Hollinger
Gold
6.75 Mar
10%
3
———5
Mines
3
7.00
7.00
Howard Smith Paper common
Sep
Imperial Oil Ltd
*
7.40
1,005
v
Jan
8%
1
—
8%
95
8
Sep
14
Jan
22%
•
.„_
22%
125
22
Apr
28
Jan
——•
9%
9%
9%
845
7% Mar
9%
Sep
Imperial Tobacco of Canada common_5
9%
9%
9%
305
9%
Jun
12%
Jan
6 M2
6%
100
6%
Apr
7 >
Jan
Preferred
_
International
Nickel
International
Petroleum
International
Power
of
£1
._
Canada
;
com..*
32%
31%
32%
Ltd
*
13%
13%
14
common..
*
Co
3%
811
,
485
3%
29
36
2
Aug
5
87
Jun
Jan
14
Apr
11% Mar
40
Sep
3%
Sep
"
Preferred
.
—100'
Lake of the Woods
Milling
Lang & Sons Ltd (John A)
Massey-Harris
-x—
common.
Cottons
Preferred
Montreal
9%
9%
200
8
776
2%
Apr
4
4
160
67
67
55
67
72
112'
Breweries
Steel
Niagara
115% 115%
21
21
100
*
common..
21%
20
Corp..
Weaving...:
24
24
12
Apr
30
*
10%
*
—
Noranda Mines Ltd.—
44
10%
-43%
905
23%
67
20
Jun
;
Jan
26
Apr
29
Apr
34
10
Sep
41% Mar
52
389
Jun
July
Jan
75
10%
Jan
:
23%
60
44
r
117
Mar
25%
30
f
Flour
Ottawa
Electric
Ottawa
Ltd
Preferred
Price
common.
pfdllZIlOO
31
*
41
;
,
Co
Ltd
»
*
common
Quebec Power
Holland
St
St
»
Paper
Lawrence
Class
A
common..—
Corp
_.*
common.—
preferred
Lawrence
19%
" Jan
17%
Feb
■" Jan
Paper
*
_50
preferred—3l00
Shawinigan Water & Power—
•
25
19%
200
17%
22
Sep
13% Mar
19%
Jan
Oct
81
25
79
May
41
41
25
41
Oct
122
10
121
May
235
3
Mar
1,235
6
Sep
11
Jan
285
11
Apr
13
Jan
33^
3%
3%
8
7%
8
12 y4
12%
7%
..
1.15
1.10
9ya
13%
12%
7%
-
13%
111
Low
6%
7 ',v
Sep
122 % May
4%
Jun
8
Jan
2
Jan
Aug
8%
Sep
15%
Jan
24%
Jun
43
Jan
40
14
443
25
67%
695
12%
110
* V?
Ltd ci B__*
—*
*
British. Columbia Packers Ltd—V—*
Eeauharnois
Power
Canada North P Corp Ltd 17o
Breweries
Canadian
Industries Ltd
Corp
»
;
Winnipeg Electric class A
Class B
1
For
—
100
■—
footnotes
see
Feb
14
Jan
Apr
115
1232.
14%
75
13%
-
97%
Jan
9%
Jan
17%
Jan
Apr
15
Jan
Oct
13
2%
Jan
Mar
9%
58
:
102
May
97%
30
13
13%
765
33%
33%
20
33% Aug
37
Feb
82
97%
i3
82%
30
79%
Apr
85
May
27%
20
27
July
31
Jan
Oct
161
Jan
155
Aug
112% Mar
175
Jan
97%
;
:
158
158
12%
12%
201
:
40
65c
;'v
65c
100
20c
20c
20c
113
20%
July
127%
75
127% 129%
129%
;V.
13
21
Catelli Food Products Ltd common—"
10
40
8.
1.90
Feb
10-
1.90
1.90
1,010
y. 2
1.85
2.00
3,280
9%
9%
9%
20
Works Ltd.—*
18
18
25
18
Dominion Oilcloth & Linoleum Co Ltd.*
20%
20%
30
1.25
1.25
50
85c
3
2
Aug
6%
A
Ltd——*
Corp
class A——
Limltee
Engineering
Dominion Woollens common—
Dairies Ltd
Eastern
—*
preferred.. 100
Paper Co Ltd.i
Donnacona
7 '[o
Fairchild Aircraft. Ltd
Canada
of
Motor
Ford
1.75 Mar
3%
Oct
2 % Mar
3%
Jan
19%
19%
19%
485
14 % Mar
19%
Oct
13%
Feb
*
.
%
9%
9%
9%
49 J/2
49%
15
10c
;
188
49%
1,170
10c
7% Aug
32
5c
20
5% May
50
3%
Apr
13
13
380
10%
Apr
t 13
85
85
10
92
1.00
1.00
76
Sep
1.00 July
5%
10
.
5%
2
'2
;74%
74%
common——.*
3%
3 %
pfd.__.100
(H) com."5
102
46%
47
19%
19%
19%
8%C
8MaC
.
5%
54
47
$1 cumulative preferred—.
*
10
'
2
Apr
3% Jun
May
50
85
Jun
3% Mar
3% Mar
Jan
103%
Feb
Jun
50%
Jan
18% Mar
19%
Feb
100
40
115
,
Feb
July
6%
Mar
73
475
Sep
Sep
:
1.00
Feb
it':: ': 5 ,V
Jan
5%
85
.25
102
Power 6%
Mar
15c
.Sep
6
5%
13
common
Walker-Gooderham & Worts
49% Oct
Apr
5 %
6
—10
Southern Canada
Feb
555
1,535
——
Ltd
10
8
3%
Aviation Ltd...—^——■--*
of Canada 6% 1st pfd__100
Co
Feb
Jan
i 3%
Power Corp
Grain
.
8
Maple Leaf Milling Co Ltd cl A pfd—*
Massey-Harris Co Ltd 5%. pfd...__100
McColl-Frontenac Oil 6% preferred.100
Reliance
:'v"t4--
2%
Power & Paper..
——
Feb
.-1.25 Aug
2%
•
—
Preferred
Apr
25%
3%
Goodyear Tire & Rubber of Cap LtdL.*.
International Utilities class B_
1
Noorduyn
Jan
20
3%
Ltd A
Melchers Distilleries Ltd
3 V«
-10
Apr
——*
*
Companies voting trust—,
Lake St John
90
•
Sep
8%
360
Sep
..—5
—
Ltd
Fleet Aircraft
,
1.65 June
'
Jan
2% Jun
Apr
Paper
& Frere
David
July
6%
10
Mar
/ 2%
27
20% Aug
Consolidated
V
Mar
3% July
Feb
cumulative
Sep
25c
Aug
preferred—.—.——15
Commercial Alcohols Ltd common——*
5 %
3%
Sep
65e
Jan
5
3%
23%
Jan
13%
45cApr
120c May
2% Apr
20
Mines-—
v
,
„
■
Aldermac Copper Corp
Mines
Malartic
East
__
.
41c
V
1.00
>v
500
55c
55c
55c
1
28c
200
1.00
16MaC Jan
7%c July
2,000
41c
1.00
Mines Ltd—
Ltd.——_1„
Mines Ltd
Gold
Eldorado
Ltd....
Malartic Gold
Canadian
,
Feb
Jan
46c
55C
Feb
32c
4,510
,
2.24
Apr
1.00 Aug
Sep
Falconbridge Nickel Mines Ltd—.—*
Kerr Addison Gold Mines Ltd
1
V 2.55
2.55
100
2.51
July
2.90
Apr
3.60
3.60
200
3.00 Mar
4.35
Jun
1
2.00
2.00
100
1.70
2.80
Jun
1.56
Jan
2.22
Jan
Macassa
Mines Ltd
Macleod
Cockshutt Gold Mines Ltd—.1
Malartic Goldfields
Mining
—:
—
1.00
100
1.20
1.17
1.40
4.300
Ltd—t—...—*
Corp
70c
70c
70c
1,400
45c
51c
700
50c
66c
66c
700
66c
47c
v'
■
•
1.22
Antonio Gold Mines Ltd—
1.45
Sigma Mines (Quebec)
Siscoe Gold Mines Ltd
Ltd
a
Wright Hargreaves Mines
Ltd
*
Feb
Jan
300
Sep
Jan
1.45
Sep
•
.
VaC
500
4.75
200
36c
18c
MaC
200
60c
34c
60c
1,200
1,410
1%C
2c
7,000
2.10
2.13
250
■
1.48
Jan
Mar
65C
Jun
-
2.20
Jan
4C
Jan
Apr
2.68
Jan
Feb
Sep
l%cjuly
1.90
Feb
31c
50c
53c
Jan
Apr
18c
1.50
5.00
Jan
9,450
53c
87c
49C
3,600
1.48
1.55 July
July
,
4.15 May
May
1%C
-
Oct
Aug
31c
53c
/
Jan
2.05
18c
—.
Apr
75c
1.20
4.75
}
88c
1.31
Mac
34c
May
Sep
60c
*;% C
;,__I
.1
Sladen-Malartic Mines Ltd—:_
1
Sullivan
Consolidated Mines Ltd.—1
Teck Hughes Gold Mines Ltd————1
Wood Cadillac Mines' Ltd.——_____-.1
-
1.15 Aug
100".
•
1.22
1.45
■s.
—1
Shawkey Gold Mining Co Ltd——— 1 r.
Sherritt-Gordon Mines Ltd__z——1
San
Sep
65c
Mines Ltd———
Gold
Sep
1.00
1.00
1
——
*
Perron Gold Mines Ltd..——1
Pioneer Gold Mines of B C_:
1
O'Brien
Oils—-
Home
115
696
9%
85
Oct
18
1.75
375
1.95
16
18
104
15%
3%
Apr
85c
Jan
23%
Foothills
382
109
•w;e
Apr
1.90
Sep
1.50 Apr
6
Jun
1.75
80
21%
4
1.90
Aug
757
14%
Ltd com."
Canadian Vickers Ltd common.—
*
7% preferred —100
70
80c
Jan
.,14
1.75
-•
Canadian Power & Paper Inc
Feb
776
7
Feb
15%
—.——100
Light & Power. Co.—100
Canadian Marconi Co—— .1
-Canadian
3
1.95
May
13
Jan
66M2 Mar
1.75
—
page
50
1.95
Preferred
(
.?
4
10
1.75
B—
class
preferred
125
82% V
9%:
Mar
May
15%
Pfd———
Canadian
4%
13 %
High
75c
50c
27%
*
pfd—100
Canada Malting Co Ltd—
849
80
■
Corp..—.
American Oil Co Ltd—i,
Calgary Power Co Ltd 6 G- cum pfd__100
Canada & Dominion Sugar Co—
*%
T/o
81%
Range Since January 1
Low
55c
4%
4%
Bathurst Power & Paper Co
British
Sales
Shares
High
50c
_
—
-
■
,
.
0
Steel
Jan
13%
Paper
Ltd—.
Aluminium
Oil
Dalhousie
United
55c
Jan
1.00
111
3%
81
48
130
27
3%
5% May
.
440
9%
67%
—
50
1.15
9%
26
I.
Sherwin Williams of Canada pfd___100
Steel Co of Canada preferred
81
200
19
122
>
x_.313.3lOO
of Canada
&
18%
31
...
—
Corp
Bros
common
—•
*
Rys—
Light Heat & Power
Peninans
Power
Mills
153%
Feb
Jan
«
for Week
of Prices
A
?.•'
common.——*
preferred ____i_——.—.-100
preferred
100
Normetal
Ogilvie
Sep
Apr
152
188
?•
Oct
4%
Jun
60
Feb
4%
Mar
20
Jan
12
2% May
1,067
20
———
Car
Wire
7
Aug
17%
Jun
4%
•
,
90
15% Aug
4
4
Tramways
National
230
4%
100
Heat & Power Cons
National
17%
9%
100
.———.i—
Mont Light
17
*
Oil
Montreal
17%
87
*
—
McColl-Frontenac
87
*
common
•
Jan
—*
Hudson Bay Mining
—V
Abitibi Power &
Fraser
Hamilton
'
:
Jan
16
July
85
*
STOCKS-
f 'V;
Dominion
*
common
Lime & Alabas
Gypsum,
125 V2
Oct
51
Apr
115
M
from official sales lists
compiled
Sale Price
'•27 -V Jun
Mar
100
common
—-
July
22
21
—
10'G 1
Wares
Preferred
21% Mar
25
_*
preferred
General
July
26
120
10
*
common
Oct
Jan
•
90
20%
4
*
.
Jun
7%
rt
150
23%
7%
——*
Cg| of Canada
352
116
117
100
—
23%
273M4
%
Montreal Curb Market
Range
Jan
5%
4% Mar
Oct
M,? 43
121
Week's
Jan
5
29%
21% Mar
121
Last
Jan
102
Apr
—
*
common.—
Preferred
Dryden Paper
V.
Apr
21
.
25
common
12
5% Mar
25%
25
*
-.-1—100
Coal
Textile
>~33%
—25
—
&
j
__
*
—
preferred
Mar
Sep
214
121
to Oct. 2 both inclusive,
Sept. 26
5% May
4
214
•••
214
Friday
13% May
91%
214
Apr
1.00
Mar
Sep
53
July
22
6%
6%
*
common
Dominion
Jan
Jan
4
Sep
125
36
130%
100
Scoria
Jan
Apr
795
22 %
Nova
Sep
118
22
•
122 >'"■>•
126
100
150
115
CO
115
•>
122
'•
11% Aug
3%
—
25
-
—
4%
14%
150%
-11% Jan
5
115
122
Jan
May
1,765
122
116
*
Consolidated Mining & Smelting.——_b
Distillers
:
1.00
High
;
Apr
3%
*
....
23%
—
1,556
18
Low
V' V
Sep
9%
19
Jan
6%
122
22
1,108
6%
25%
25%
*
;
75
7%
6
6Mt
63
-
29%
7 Me
25 VSz
85
5
28
29 Vs
*
———_>
Canadian
>3?
92
40.
230
4
4%
5
—
40
_
8
91%
__
25
common.;
Alcohol
Ind
B
4
...100
Cottons
Canadian
4
—1—...__———_*
preferred.—.—
Rights
4%
11%
*
preferred
35
4%
50
Canadian Car & Foundry common
1.00
8
*
'
preferred
55
20%
1.00
11%
100
Steamship common
5%
104
999
High
May
28
10% Sep
124% Aug
8 •••:•>/•-•
—*
—_
———
Northern Power
305
11%
-v^
V
5
-
Canada
■
*
_
Dredging..-——-
12 ;
3
16% Aug
__
*
Building Products class A
Bulolo Gold
July
May
352
20 %
1.00
High
May
8
100
8%
10 %
2OM2
*
Silk
23
19
134% 135
10%
*
_
3
64
18%
-
*
P
25
'
11%
19
*
Telephone Co of Canada—— 100
Brazilian
100 "
Low
28
'J; j,-;'*
.100:
Range Since January 1
High
3
28
Corp..
Bathurst
Low
common......*
preferred—1
Grain
Pacific
LOW
Range Since January 1
Shares
Banks-
for Week
Shares
for Week
of Prices
■
Sales
Range
of Prices
Sale Price
Sales
'
Range
Sale Price
Par
to Oct. 3 both inclusive, compiled from official sales lists
Sept. 26
■
STOCKS—
Apr
57/8 Mar
1.90
18
Oil
Oil
&
Homestead
Oct
Royalite
Oil
Oil
&
Co
1—
Oas
Ltd....—
Ltd.—
16c
16c
16c
100
15C
Apr
22c,
60c
65c
150
60c
Oct
65c
2.25
2.25
2.25
420
2 %c
2%c
1,500
18
35
0
Ltd
Gas Co
Ltd
Co
Sep
Ltd——_—*
Co
—*
*
*
1
*
18
17%
Oct
2.05 July
2.70
Feb
Jan
GM4C
Apr
19
Jan
2c
16% Aug
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
1231
■
Toronto Stock
Last
Exchange
,'
stocks—
Sale Price
'
for Week
Range Since January 1
Shares
of Prices
of Prices
Low
Lapa Cadillac Gold Mines————1
Laura Secord Candy Shops—————3
Leitch Gold Mines, Ltd—————1
Little Long Lac Gold Mines Ltd
*
Sales
Week's
Range
Last
Sale Price '
Par
Sept. 26 to Oct, Z both inclusive, compiled from official sales lists
Friday
Sales
Week's-,
for Week
Range
Friday
STOCKS—
—
3%c
8%
'
8%,
;
_
65c
Shares
Range Since January 1
High
Low
3%c
2,000
3
High
8%
365
6%t Mar
47c 49y2c
65c
74c
5,600
38 %C Feb
2,100
65c
Jan
8
Sep
10%" Jan
60c
Jun
1.35 Jan
Sep
'
Par
Power & Paper
Abitibi
6%
Low
50c
«_■»
common
50c
Mines Ltd
Gold
Aunor
jl%
100
5,500
Sep
4
50
28%
45c
300
7%c. 8%c
May
_
21%
75c
Sep
38c
38C
38c
1,000
34c
Jun
1.00
1.14
2,370
91c
May
55c
Montreal—.—
of
—100
".'.'V
127 129 %
Bank of Nova' Scotia*———100
214 218%
Barkers Bread
18
preferred—50
Base Metals Mining Corp——♦
Bathurst Power' & Paper class A
*
+~'f*
-
6%c
12
Madsen
:
18
Aug
9%e
Jan
5c
14%
4%e
60c
60c
1
2%c Mar
94c
500
.
Sep
Canada*——_100
133
:
Bidgood Kirkland Gold Mines——1
Blue Ribbon Corp common
—*,
Preferred
.
2%
:—50
24%
Ltd——!**—**!—*—r-l
8c
Bobjo Mines
Ltd—*——
Mines,
Brazilian Traction
.
Mar
12%c
2,000.
•
1,393
11
544
16
80S
6%
32 %c
9.30
Broulan Porcupine
Mines, Ltd—.
Ankerite Gold
Buffalo
f
11% Aug
Mar
,
21
50
18
1.00
30
75c
20
20%
9
III'
July
5,300 '
34c
Sep
300
91c
Apr
35c
■
6,000
35c 38 %c
1.14
1.15
11%
.
11%
92c
—*
7%
150
90c
92c
300
:
33 %
34%
*
r-; 79
Packers Ltd————
34%
75
79
77
,
July.
7%
.u—*—!—A—50
29%:
■V Preferred
Apr
61c
Jan
2.80
14
Sep
8%
37%
5%
Feb
7%
7%
27%
29%
773
25% Mar
29%
2.00
510
80c
Feb
2.00
60
60
119
—————————100
Preferred
Canadian
Bank
120
Canadian: Canners
Class
B
Commerce-—100
of
Ltd
'
Feb
60
115
Sep
154
May
9%c
8%c
9%c
3,500
2V2
1.02
2%;
1.00
2'/2
1.05
488
13c
13c
60
7
27c
5,300
22
40
190
19% Mar
23%
Jan
109
39
Sep
45
Jan
238
238
5
235
Apr
265
Feb
5%
94/4
30
8'/2c
43'/2
3c
72c
2.0Q
3%
O'A
30
9c
30
Jun
7
Jun
18
18
16
Apr
22
): CahadraiTT^anese-^ommo^-——
280
6 V*
6
6%
515
25%
25%
25%
—Htzr
-23%
24
14%
ft..:
.
14%
Oil Cos Ltd common*—.
Canadian
Central
Gold Mines—.——
Pat
67c
1.
67c
;
Sep
'!
;
9%
7
Chromium
Mining & Smelting—
26
145-:"V
.21% Mav
27% Hun
10
Sep
15
65c
Sep
-1% 10
4,700
70c
51c
2,550
2.45
2.45
182
55c
55c 58 %c
6,300
6%
Cochenour. Willans Gold Mines——1
Cockshutt Plow——:
•
6%
Mining
Empire
1.30
Consolidated
54c
Nest Pass Coal—
Crow's
74 c
2,588
54c
34
1,268
32% Aug
28
109
10
18
10
27% May
21
29%
—100
21'
Photo
29 %
.
Distillers
—***—.;—
25
25.%
14
Mines———*—.
Dome
10c 10 %C
r
Corp-Seagrams common-*—*
;
■j:
x
i
Jun
;
92c
Jan
Jan
if.
May
13%
Dominion Bank (The)————100
Dominion Foundries
800
15%
1,981
\
5
140
140
9%
V
Dominion Coal preferred——————25
-10
—
132
Mar
23
Aug
18%
18%
10
25%
17%
Apr
19
24 %
Jan
i
9 %
Apr
Sep
July
„
3%
3%
3
——————-*-100
87%
87%
5
83
Aug
88
Sep
Mines- Ltd- r
Silk
7%
7%
9
6% Mar
8
Jun
<
3
3
1,500
2%c Sep
10c
Jan
Duquesne .Mining
—I
—
Jan
Jun
5%
■
4
...
July
\
'
.
v
■
Eastern Malartic Mines
1.00
,1.00
I
Electric
class
B.
54c
-
'
Fleet
Aircraft
15
Ford
Co
of Canada
Gold
Francoeur
*——
——
32c,
Sep^
57c
Feb
2
Jan
3%
'
a
1
810
15
10
15
Sep
17
July
18%
so
15
May
22
Jan
3V«
2%
3%
18%
0
-
19%
19%
2.25 Aug
400
592
15c
17c
6%
6%
,72%
;
5%
72%
■
_
2%
3.60
Jan
Sep
3%
5'^
,
a
common
•
_
_
19%
?
Oct
15c
2,700
preferred
_
i
GeneraL Steel
t
God's Lake Mines Ltd
Gillies
Wares.
-5 %
—
I
42 %c
10
v
20
5%
3c
A
Gold
3c
14c
Lake-Porcupine
16c
Apr
5
16,400
500
...
Apr
:.
4c
Apr
8%c
1,200
6%c May
11'Ac
10c
3,000
3%c
10'Ac
Goodyear Tire & Rubber pfd—*_ —50
_0
Great Lakes voting trust common*
a
V. T. preferred—*—*——.!*
5
i
50
49%
50
260
39
Mar
1.50
1.50
1.50
24
1
% Aug
;
11
Aug
Eagle Mining Co
■
Jan
10c
—'
X
V
■
West Saddlery
common
Preferred
;
12
12
344
3%c
3V4C
48
3%c Sep
24
•
U'— ''
24
10
24
1
10c
9%c
12c
10,200
*
3
V:v; 3
3%
500
„i——*——***_—
Hinde & Dauch, Paper Co——
a
: 2
2
38c
12
12
100
9'/2 Mar
7.15
6.90
7.55
3,575
6.70 Mar
2.24
2.27
"
750
12%
—* '
14c
;
5,200
2,27
1
Howey; Gold. Mines—1*-*!T'**1—*** —11
\
Hudson Bay Mining & Smelting—* !***
Huron & Erie Mortgage*—*
zioo
20'/c: paid ■
**-*——*^_1_*** .100
22%
■.
7
—
1
Imperial Bank of Canada
*100
152%
9%
f
Imperial Oil
Imperial Tobacco of Canada ordinary_5
Preferred
Preferred
Metal
— „
class
A—*—
*i*_ *.!—
—_
22%
22%
36%
7
7
-.*4.
a
50
18
1,694
10
5
6%
6%
125
6
170
87%
2.07
V
50
Sep
Sep
1.5
CO
Sep
16%
July
13c
r
:
3
Jan
14
' '
25'
Jan
19c
Jun
2,800
62c
68c
10
1.36
11
1.42
,
'
10.50
2.70
Oct
14%
Jan
Sep
2.35
Jan
1,015
1.12
Sep
2.20
Jan
—
.1,800
1.27
1.45
7,875
.16c.
" 4"c"
2,000
10
'600.
Gold
19
2V2c
119
17 V*
L—
145
—
36c
100% July
75c
Sep
3.20
1.27 Sep
,8c
^4c'"Sep"
3%e Apr-
238
20
2l/2c
121 :
17%
145
39c
Apr
17%
July
Sep
Sep
July
6c "
Jan
Jan
13
115
220
16
10
135
Jan
Aug"
—.23gI-~AP*,-
Apr
2c
2,000
l%c
16 y.»c
14
-*■
■
1,000
24
Apr'
3c
Sep
Jan
155
19%
Jan
Oct
145
1,600
1.32 Sep
14«A
68c
4c
l%c July
1.49
17c
14
66c
1.45.
l%c
1.43
16c
—
60c
1
'
60c
4.30
1
Mines
—"
common—..
Canada
4.30
9,400
9c
Jan
2.05 Jan
19c
Mar
Jun
12% Mar
14%
Sep
2,900
65c
July
81c
Aug
4.434
57c
Sep
97c
465
————
4,386
4.05
6%
Apr
125
■
7
2c
2
76
20
33y2c
33J/2c
35c
17V2c
17!/2c
2%c
40c
18c
3%c
40c
23,000
60%i
60V2
67»/2
1.28
3
11c
1.25
1.23
__
1
■
;
v
—
—
.
60%;
25
'
1.30
———•
—
—
*-
1.25
6.00
May
46
4.75
7
—
2c
——1
——
60c
74/2
•
2c
75%
*
——*
__100
—
7y2
—
common-.
:
9V*
1.48
*
Tamblyn (G> Ltd common——
Teck-Hughes Gold Mines ———
.1
Top Tailors common.——
*
Toronto Elevator preferred————_50
Toronto Mortgage
50
•
9V*
1.46
4%
48
52y2
8c
4%
-—
—
1
—
*
6
lc
7
Apr
Jun
Jan
Jan
8% July
2
Sep
2 %c Sep
89%
Jan
65
May
2,500
30c
Aug
49c
Jan
4,600
17c
Apr
34c
Jan
1
Apr
6
Jan
111
40c
55c
July
63%
Jun
Sep
76%
Jan
Jun
1.96
Jan
Oct
1
12
57
67%
20
67
1.38
3'/2
11c
1.25
1.40
17,400
87c
3
Sep
3%
9%
1.50
4%
48
52y2
8c
-:■■
/
.
92
Mar
Sep
13%c Mar
2,000
a%c May
212
1,15 Aug
850
1.15 Mar
1.98
Jan
200
8% May
11%
Jan
2.34
Jan
8%
Jan
2,354
1.70
Jun
1.45
Sep
20
4
Aug
20
45
July
50
35
50
Aug
84% Mar
Sep
13c
1,000
30
*-
*1
5V4
61c
Co
Canada.;
of
A
Upper Canada Mines Ltd
5%
739
30
3%
60c
—
pfd—50
Union Gas
Ventures, Ltd.
30
3%
300
70c
7,500
35
■
3.40
1
■
■.
■:
■
"
•
8c
Feb
Jan
4'/a Aug
10%
Jan
July
36
Mar
2% Mar
4
% July
29
59c
3.50
8c
8J/4C
1,000
Walker-Gooderham & Worts com——*
*
3.40
3.55
5,131
47
19%
47y2
19%
151
20
—1
--
15c
16c
7,000
*
Gold Mines——
3.00
Apr
1.24
Jan
Apr
5.00
Jun
5%c Jan
13c
May
•
3.45
47V2
19%
—*
Mines, Ltd.
3.40
1,507
0V*c
————*
—
Ols
'
1
Wood
class
Electric
A—
(Alexander & James)
1.95
1.90
1.95
172
—
*•
■■
67
69
50
2.15
1st pfd* 100
Mines—
Wright-Hargreaves
■
,
f
3.40
Sep
4.80
Sep
Mar
50
Jan
Apr
21
Jan
8
Apr
16%
Sep
75c
Apr
1.95
40
18%
2.00
2.20
3.435
102% 102%
$4,000
67
1.81
Sep
Apr
80
2.90
Sep
Jan
Jan
Bonds—
War Loan
1st 3%s—
Jun
150
Sep
8%
204
9%
Jan
—1948-52
Toronto Stock
102%
102
May
102% Jun
Friday
Feb
'
Lapt
Sep
Sale Price
STOCKS—
12%
Jan
7%
Jan
7%
Jan
Beath & Son Ltd
Jan
Canada
Sep
99
32%
867
112% July
29% Apr
36 V*
Jan
13%
14
1,113
11% Mar
14
Exchange-Curb Section
Sept. 26 to Oct. 2 both inclusive, compiled from official sales lists
Jan
31%
Bud
*
Shares
High
5
—*
class A—_—
Breweries—**——
for Week
Range
Low
Par
Sales
Week's
of Prices
5%
5
100
5%
5%
50
65c
65c
100
——*
2.00
1.85
2.00
1,242
Corrugated Paper Box preferred-*—1QQ
55
55
55
20
Marconi
Co—
Jan
—
Consolidated Paper Corp
—1
Aug
112% 112%
96% May
500
rffr
2'/2c
121
17%
Jan
32
"
■
Sep
10
Feb
13%
"
1.35 Jan
Jan
115
■v
Jan
1.35
38
■
1.25
98
40c
—
85c
3,200
,
1.14
98
40c
—
4%c May
Jun
7
Aug
2c
Feb
1.39
——100
Sturgeon River Gold Mines.——
1
Sudbury Basin Mines—.*
—...
*
Sylvanite Gold Mines, Ltd—
—1
Winnipeg
Jan
55c
55
5
May
Sep
:
,
—50c
Mines——
28% Jan
87%
16c
1c
Coal Co.-*—
Sterling
Wendigo
Jan
Apr
6'/2 May
6»Ac Feb
Sep
12c
-
Preferred
Jan
3%
Aug
9'A Jun
Jun
Feb
20c-
7% Mar
10c
32c
:;
;
_
*
Waite-Amulet
Jan
46
;■
Sep
500
,
Preferred
■
Feb
4%c
28
Sep
.13c
5c
5,300
:
65c
1
Steep Rock Iron Mines
Canadian
International Milling 5% preferred.100
International Nickel commpn—*—
International
Petroleum—
—w*
(
—
*
Steel Co of
2% Mar
21%
'
30
9%
6
IlOO
30c
1,366
:
152% 152%
9%
1% Aug
1,500
3,910
.
10
£
;
International
'
—_
'
46 %
——
t.
2% July
35c
—
■
Hollinger Consolidated Gold Mines- 1—5
Oil
7%c July
...
J,'
*1
Hard Rock Gold Mines—
j
Jun
12
1
Hallcrow Swayze Mines..
i
Home
'
-
500
4,750
—
Dairies
Gold
Vermilata
'
a
—
_**
Gunnar Gold Mines, Ltd—
.
j -Gypsum-.
r_
Sladen-Malartic Mines
a
Mar
•
Great
i
Sep
May
20c
8%C
1
— *.
-
_
Mills
United Fuel Investments 6%
June
6
May
May
10c
Goldale Mines Ltd--Gold
2.00
14c
United Steel Corp., Ltd.————*
77% May
•
1
j
i
Jan
2.00
10O
47c
IVsc
—
1
Towagmac Exploration Co—...—
Sep
;
2'Ac Aug
9c
Jan
Apr
90c
Sep
Jan
6%
Sep
4%
61%
35'-
60e
35c
lyeC
13l/ac
Tip
Jan
14% Mar
1
i
Power
Gatineau
9,616
4c
Sep
2.55
18%.
«
Mines
19
Jan
2.30
15
f
•
-
class A
13,400
;
2.45
2.50
.
}■' Fanny Farmer Candy Shops—*.*
57c
3%
Aug
>
*
Falconbridge Nickel Mines
Famous Players Canadian Corp
!
98c
4,425
2%
j ■' Eldorado Gold Mines——— -*.1
English
1.12
3c
72c
2.00
Jan
52
Mar
May
July
,—
Lac Gold Mines
Simpsons Ltd class B__
Preferred
v/
Dominion Woollens & Worsteds pfd—20
Preferred
23e
2 Vac Aug
41
2c
*
iii Slave Lake Gold Mines—
——__1
(' Standard paving & Materials com—-*
280
Apr
Sep
783
4,500
-
-1
—100
——1
Mines
—
Siscoe
100
-
9% Sep
34% Jan
Jun
8c
303,400
1
Preferred
Feb
Aug
4
Jun
8%
28
1,000
6c
Mlnes--^-^—
1
—
16e
Mining Co-*----—' %c
Silverwoods
Jan-
16%
6%
29%c Jun
15c
100
Electrotypers
Sheep Creek Gold Mines
Jan
"T5%
20
208
•
4%
Mar
3 Va C
'
7%
common--"'
May
May
65
3c
36c
Shawinigan Water
C. Sigma
5%
Chemical
&
20c
Jan
29c
Jun
14c
!3%c
Senator Rouyn, 'Ltd——-1.
5%
Tar
,7%
Stores ■—*—!——-— ***:
Dominion
*
San Antonio Gold Mines Ltd*—.—*-l
7%
Dominion Steel class B—-23
Dominion
1.40
3c
*
_1
Royal Bank of Canada
—100
Roy a lite Oil Co Ltd———*—*
Russell Industries preference—
-100
K-
Jan
191
Sep
9% Sep
,■
13c
"50
44
.
Aug
3% July
Aug
Sep
6c
Gold
Gold
Riverside
:
17%c Jan.
Oct
10% May
270
23%
50
90
5,000
11c
Mar
14c
.
,1
Dome Mines—
East
Quemont
f
Dominion-Scottish Invest, preferred—50
1,000
Jan
34% May
135
-
—
**
Mines
Rouyn Gold
Queenston
J
May
Mar
21
65
23%
18%
& Steel com—I*"1
10c
2,500
25%
f
2
91c
Jan
1.04
Apr
6%c Apr
—
1
—
Mines—
&
Sherritt-Gordon
Davies Petroleum
'
1
1
—
Engravers
Powell
39
Sep
;
30
95
45% Jan
50c
6% Aug
Jan
110 111%
*■>
Mills——.
Imperial
—
X-- Pioneer Gold Mines of B C
Porto Rico Power preferred-*
Sep
55c
33%"
33%
Consumers Gas Co of Toronto———100
.■■Cosmos,
2.00
5%
*—
Pickle-Crow Gold
,
Jan
; 1.30 July
230
6%
72c
*
Perron Gold Mines—;
;
Jan
1.50
Apr
Corp Ltd
Porcupine
Feb
Aug
46c
—
43 y2
1'
Norgold
St Anthony Gold Mines
*A-*!*—
.Smelting***—;%——*»A_5
Mines
Coniaurum
43c
—
—
——.*
—
Pamour
July
22
50c
*
84
July
4% Mar
Mar
*
Paymaster Consolidated Mines
Jan
335
:
100
-
Roche Long
Chesterville Larder Lake Gold Mines—1
—
National Grocers common—,——
-Rent)
••:
1
—
Partanen Malartic Gold Mines-———1
Jan
8
5
8%
-25
Mines———*—*
Ltd—
Oils
Preston
Canadian Car & Foundry common.
Preferred
Gold
Mercury Mills, Ltd., new——„——*
Mining. Corp of Canada
———* .;
■H
Feb
48%
6
8%
it
——
Jun
36
Oils Ltd-
Sep
Sep
10
m
class A——-20
—
—
74
Pacalta
Jan
2.00
•
10
84
u.*
(
;
1
'
Jun
'
Sep
Sep
505
i
Jan
Jun
Jan
4%
5,150
X Ontario Nickel Corp———
Feb
87
Sep
2%
13
41
Mines——
Omega Gold Mines Ltd
Jan
126
74% May
2.22 Jan
1.12 Aug
1.50 Mar
53c
Northern
•
Jun
1.20
Apr
Jan
Jnn
'
May
110%
993
,
1.68
54c
38
Jan
7%
2.00
common————*
Apr
13
Jah
~
Mar
50c
Normetal
.
Bakeries
Canadian
10%
13
25
30c
2.85
—
Lake
Red
Noranda Mines
;v
29
32% Aug
95
.
112% 112%
Steamship Lines common—.—*
Apr
.750
20
Corp
——*
Naybob Gold Mines, Ltd--*_—„*—1
•
Canada
2%
National Steel Car
1.25 Mav
7% May
80c
'
Canada Permanent Mortgage:.,.—100
1,765
—
.
4V»
National Sewing Machine "A"-
Jan
22
May
11%
50
.7%
Calgary & Edrponton
—
Canada Malting Co Ltd——
18
Jun
20 V*
...
Building Products Ltd—
Burlington Steel Co Ltd—
Canada
13
..
21
*
24.225
2
4>/8
*
Class B
Jan
1.00
Dominion Oil & Dev—*!—.
British
1.40
2
4
13
1.23
——1
93c
Jan
Sep
Jan
5c
5.80
?
.
Sep
4,500
6.20
**«*-.
———————;
1.16
Fields—
—
6%c
Columbia Power class A
Class B
—3,700
12,900
Monarch
,
British
41c
Sep
Sep__
38
Model
Jun
15%
15%
1.12
35c
1.70
Knitting preferred—**_100
—
60
Moneta Porcupine
—-1
'•
'■ 25c
Montreal Light Heat & Power-—21%
Moore Corp common
*
39%
-
s
Feb
6c
Gold
McWatters
:
Feb
32%
10%
Light & Pwr com—♦
3
Apr
Sep
—1.00
McKenzie
Jan
2%
6c
American Oil—*————*
British
Jan
1.00
1
Mclntyre Porcupine Mines-——5
Jan
10c
24%
10
5.80
5.85
——■
Jan
23%
—1
Gold Mines
McColl Frontenac Oil preferred*—_100
Jan
150%
Aug
4%c Mar
500 v
8Vac
Bonetal Gold Mines Ltd-—_1
Bralorne
2.8001
2%
24%
————
123
,234
133,135%
6c 6%C
Lake
■:
,
Bell Telephone Co of
25%
17% Sep
1,925
v
6%c Feb
55c
2,700'
4%c
60c
1
__
19%, Sep
125
2.00
^
Feb
i
Exploration & Radium——
Beattie Gold Mines————.—
Bear
296
18
1.88
Preferred
May
10% Aug
Red
Malartic
274% Jun
Apr
100
20
18
1.88
Maple Leaf Milling common
Massey-Harris common.
Feb
Oct
8,000
:
188
Sep
214
•
lo
7c
12
,
12
125
19%
20
—1
MacLeod-Cockshutt Gold Mines
Jan
12
,:.s',3-.''.
18
18
'
42
Ltd—
I
;
Bank
Mines,'
Macassa
1.47 Jan
•
*
A.,
B——■.
Mar
7
Jan
28% July
MicMar
Apr
7c
1.04
1
*
50c
28 %
preferred
High
Class
_4%
—_———_—100
Alberta-Pacific Grain preferred-—100
Aldermac Copper Corp.-,——.*
—>*
Anglo-Canadian Oil' ■————*
—
Low
High
class
Loblaw Groceterias
'
Range Since January 1
High
Low
3 '
5
45c
Mar
6
Jun
65c
1.55 Aug
50
20%
6
Apr
3%
Jun
Sep
Sep
Jan
Mar
09
Apr
Sep
24
Mar
Kerr-Addison
Gold Mines
■
*-/
3.65
Kirkland Lake Gold Mining*
(
:•
40c
5
5
3.55
3.70
38'Ac
42c
:v
400
15,220
5
Sep
2.93 Mar
8,550
38%c
662
6.75
431
3.15 May
Oct
15
4.40
62
Mar
Jun
Jan
21
10
Foothills Oil & Gas
International Utilities class B—— —i:
<
—*
65 c
65c
65c
1,150
65c
Sep
85c
Jan
Fraser
*.
100
9 V*
9 V*
9%
20
9
July
10%
Jun
35
35
50
34
July
35
Dominion
Bridge Co., Ltd.l
trust—
1—
Ontario Silknit Ltd preferred
voting
Osisko Lake Mines Ltd-—Lake
,
■
Shore Mines,
Ltd
—
footnotes
see
7.35
*
Lamaque Gold Mines
For
-„._i
—
page
1232,
7.80
3.30
3.40
•
Apr
12
Jan
Temiskaming Mining- Co**—
4.15
Jan
Walkerville
Brewery
21
—*
—*-—1
2c
2%c
2,000
2c
1
*
3%c
3%c
500
3c
1.15
1.15
1,000
May
July
1.05 Mar
6c
Sep
Jan
3%c May
1.15
Sep
THE COMMERCIAL & FINANCIAL CHRONICLE
1232
l
Monday, October 5, 1942
OVER-THE-COUNTER MARKETS
'
New York
Companies
■;
51 %
28%
29%
.
.
73/a
5
.{
,
„
20
^
Bid
2814
Par
Jersey Insurance of N Y
Knickerbocker
126
/ 7
49 %
—•
Life——
Aetna
121
10
10
——10
Aetna——*—
i-
Ask
Bid
Pax
Aetna Casual & Sflrety
•"
.
'
.
:■ •
,
"Bank
Agricultural
25
American Alliance—.———10
,
—'3%
60%
__1
Casualty*—_
Maryland
5*Massachusetts Bonding*—*12Va
22 %
20%
•
■?*
-
Metals
' '4
'
American of
.
1214.
44%
Merch
1314
American
>
47
Newark,——2%
Re-Insurance——10
5
Fire N Y
Mfrs
&
42VsKi 453/%
4
-Merchant Fire Assur—
17%
16%
—5
5%V% 6%
—
59 Va
'X 57%
——10
North
Bond
American
American
Surety
.—10
Reserve—
Ji.f8
loy»
50%
25
;
...
■
Bankers &
72%
69%
——25
Shippers
531'
511
—100
Boston
———5
City of
1814
19%
13%
14%
New
York
New
10
Connecticut General Life
5
33/4
—.—-—10
—-10
•38%
Fd of San Fr_——25
x96%
Firemen's
of
,5
91/4
——5
2414
ContinentalCasualty.
Federal
<;
___
Phila
Fire Assn of
I
Newark——:
Fire
Franklin
.
28
26t/
Fireman's
"A
54
York
.—2.50
5
40%
Northern
—12.50
-
—*
77%
99%
v
26
j—-——25
Pacific Fire
'•»
Falls Fire
v
'
5 -pi 14%
Reinsurance
Selected
2
—10
514
21%
614
2314
(NY)—
Corp
(Texas)
*
•
Seaboard Surety
oe;i'
89 > •:
92
•
.Zj.
—
42%
Bank
.
__
..••••
n
27%
28%
12
2.74
**1
Banking
Corporations
- -
A Blair
3.13
&
AFirst
7.82
y
14.04
12.73
33c
Investment
75.97
7.17
—1
Boston
;
■
Co***
Corp
48c
10%
9%
10
'
*" f
Ask
17%
First National of N Y—
28%
National
'
Ask
Bid
Par
Bid
16%
Par
100
1260
1250
v
•
National
wi
26%
13.55
26%
"
28
SI
17%
28
Par
11
29%
Bid f":
—10
Public National
;'V -•/"•'•.'.'•-
■■
Cily—*——12%
170
162
100
Commercial National
New York Trust
"
"
70%
Ask
299-
289
*—100
Bank of New York
i
Bid
Par
56%
54%
10
'i>■*'
39^' '
———————-100
Bankers'-————■^=10- • -r38%-:-40%-
th
407
Central Hanover
80%
Bank & Trust
2.50
29Va
31.14
Corn Exchange
77%
20
—
10
2CL—.3.4% :.362i**TWi 51% .53%
169
159
73'/«
35%
2%
^*12
Title Guarantee & Trust
•
46%
.Empire i;—ij*..*——***50 .•
Guaranty __*^*****_—*—100.
*100
& Co
•'New
12%
'
i-
Ask
12
;
20
*—-
(J P)
Morgan
40
34%
Bank & Trust*20
Preferred
80%
"
38..
*11
10
Continental Bank & Trust
76%
*
Kings Countysj.-iS^.-i^i=—-100 -4125- ^ llggA**.*,
Lawyers':
—-**25 -.: ■ 24;.' ^ : 27
.Manufacturers* common
v,|8|^_30^:
10
*
61
V 59
-2—100
Brooklyn
;«v.>.
Irving.—*—;
r
'
U S Guarantee*
Westchester Fire
Companies
118% i. 122%
'
13%
68%
10
Insur Co of North America***10
Fire
/■>
^
36%
Co^2
—5
—_
Homestead
10%
1.09
■;
Wellington Fund
5.10
3.08
74.47
Co~—*.10
Manhattan
of
■/
Chemical
Home
t;
4.35
1
44%
34%
25
Inspecfc^lO-
Hartford Steamboiler
37c
; 11.73
6.02'
5.51
U S El Lt & Pwr Shares A—
•
A
Travelers
-
C
Series
*_
17.11
15.65
20%
10
Security New Haven
Springfield Fire & Marine
®
*"
-
"
'V,-%,
•
—2%
Shares
Income
'
70c
62c
B
264
254
—10
27%
*"
Fire—-.10'
19%
10
62%
Standard Accident
■*'' Hartford"
Union Bond Fund series
_*
9
.
•
33c
B***_—*_*_**„*__25c
New York Bank Stocks
32%
Revere (Paul) Fire—*—*:
38%
oi5l
—10
Hanover
r
-
32c
10c
1
,
Selected Amer Shares
15%
30*%
*
16%
^25%
5
American
r
1 '-10.97
86%
—10
Preferred Accident—
Providence-Washington
St Paul Fire & Marine
Great
Class
%
41%
8
5
1
4.23,,
—
1.58
10c
Fund
(Geo)
40%
83%
/a
36"%
5
*
Republic
la.95
1
94
38%
Pacific
Republic
Glens
Shares—
Trusteed Amer Bank Shs—
~*
.
1.99
1
*
Scudder, Stevens & Clark
Fund, Inc
Chase
Globe &
,4.30
Oil
81%
90
Indemnity Co*———10
Phoenix ———————10
•
1014
14%
Fire & Marine**—10
Gibraltar
?
-1.62
1
■
,
39
1
1
Stand
—
56
.
**,.
Corp*——5
General Reinsurance
ASeries A
5.01
5.38
;
Trusteed Industry Shares—25c
Inc Shares
Republic Invest Fund—
414.
•
:
1.64
p: ASeries B
', 4.08
37 Vs
♦ V
Quarterly
24%
3%
Northeastern————
•.•
4.54
ctfs*.
1.71
7.70
7.00..,
3 ..69
1
_*1
Trustee
shares
Plymouth Fund Inc
4214
14%
22%
River
.North
35,a
Fire
6.52
5.06
1955
Putnam
4014
13%
10
——5
New Hampshire Fire—
10
Fire
Camden
5.92 %
.
29%
27%
10
——
C
D__*****L-
B
'
'
Brunswick
New
!;
151 , ,156
21 Va
23
-20
2
National Union Fire
New Amsterdam Casualty*
7%
6%
—2 %
ASeries
^
*
Series 1968
Baltimore American
Trustee Stand Invest Shs—
ASeries
'
Series 1956
...
.
^.87
7.05
y. •
1953—
Series
814
7%
**2
National Liberty———
52%
\
Trust
Trust
Amer
58.40
1
6.47
.
r
Series
i
7.80
*
Super Corp of Amer jAA
9.68
•
**_***
*
*
Amer
63.19
Statq St Investment Corp**
6.40
Railroad equipment***
Steel
No
10.15
'V,:5.87
—
Railroad
•
National Fire
6.97. '■ 7.67'
4.-69 v- 5.17.'
stock*;
Oils
American Equitable
9.23
Machinery
63%
5.70
12.16
8.80
equipment
Insurance
5.13
11.44
4.73
7.09
Electrical
Ask
1
Fund—_*_——*
Spencer Trask
'
:—n-**
Chemical
3%
'•
1..
stock——4
Building supply********—*
-
7.02
'
'
Aviation
Ask
30%
8%
1
•
6.38
4.29
Automobile
..
'
CAiX
Sovereign Investors**.
;
Bid
Par
Stocks Inc—
Agriculture
.
Ask
Bid
Par
Insurance
49%
.
*100
States
United
259
254
10.95
1055
T'
•
i
•.
v-
InvestingCompanies
if
Obligations Of Governmental Agencies
.
'
Bid
Par
—1%;>-
Affiliated Fund Inc
Holding Corp——10
1
AAmerex
American Business Shares
1.87
14
,-2.40
7
Group Securities—*
2.05
:.
15 Va
2.64
,.
v.
414
9.79
'
1
.
4%
10.53
'i,C Agricultural
<
,
V
i
shai'es
General
bond
4.82
V5.51
7.02
f%s
shares—
Federal
Merchandise shares
3.79
3%
4%
Mining shares****
4.49
2s
4.95
4.15
4.57
2.74
3.03
shares**—
Industry Shares——10
Fund
Railroad
2.80
—
5
12.42
13.35
5
1
Inc
18.73
11.00
RR Equipment
20.25
12.06
-Steel
Ltd
Fund
;
;
—
shares***
Inv Fund
Ltd——1
*
—
1
Chemical Fund—
3.00
25.45
8.92
2.40
23.67
.8.24
Income
Foundation
Common
J
1
Fund
May 16,1943
Call Nov. 16, 1942 at 100%,
Call
Jan.
Preferred
Securities com—100
*1
100
1820
1920
136
141
15c
.
3.76
3, 1943 at 100%—
Consol Investment Trust——1
•
29 %
1.17
1.27
13.70
1.96
Aviation
1
Corporate Trust Shares—
Series
Series
mod
2.11
2.11
—
**
Investment
%
11.95
71c
1.00
America—10
16.92
of
& Forster
A 8 7a
Crum
common—10
23
—100
118
preferred
&
1
Series
27.19
1971*—^ '
24.10
1
—
B
25
10
shares—
preferred
100
111%
*
15.15
■,
Delaware Fund
1
Diversified Trustee Shares—
,
109%
127
128 7/a
98%
1.
1972
1972———,—
Southern
——,.
Public Serv 5s 1957—
Wisconsin Pwr & Lgt 3%s, 1971
108
;:C
1
D
Eaton
2.80
*2.50
Dividend
&
Shares.*
i,V Miituritv—
Dec
1%%
1943
%%
1943
1Vb%
Maturity—
"Ask
100.8 '
tMar 15,
100.10
Howard—
15.57
Fund
1
Fund**
16.54
.*____1
Balance
Stock
1.05
9.29
100.3
fDec
100.5
100.15
100.17
15,
Nat.
1946
Defense
Trust
Fund*.
5
16%
Trust
Fundamental
1943——
1
%
100.17
100.19
JSep
15,
1944
Dec
1943*1———
1%%
100.27
.100.29
J Dec
15,
1945—
S-3
1
S-i
Common
;
General Capital Corp**
General Investors Trust—
1
2.85
3.35
15.16
16.61
3.8I
,.
1
%
100.23
1945
100.14
%'
1%%
—
Certificates of
100.25
100.12
%%
1945
15,
—1
15.91
17.11
Fund—1
7.65
8.23
7.62
.
jr-p I
.
Invest
'
■
.
Nation-Wide
Fund
.
'
"
Inc
,
7.69
__10
1
'
1
'
*
'
'
'
*%S
Nov
%%
1,
t%s Feb.
100.14
10.65s May 1,
1C0
100.1
t%s
1,
*_
99.17
99.15
1943
1943**
98.27
98.27
'
,1.
b0.42
'
•
:.
*•
*•
.
:
0.38
b0.52
1943
101.1
100.12
Aug
Indebtedness—
1942
1,
100.30
*******■,
_
0.49
b0.65
,0.63
b0.79
0.77
„•
95c
93c
4.37
Income
4.64
Oct.
26.73
r
4!ll
England Fund*
\r 5.34
5.32
1
•>
Ask
1942.
28,
1942*
4,
1942.
Nov.
NOVv
12,
1942,
Bid
•
1942—
Ask
b0.375
0.33%
0.25^
Nov. 25, 1942—
b0.375
0.33%
b0.375
0.25fi
Dec. 2, 1942****
b0.375
0.33%
b0.375
0.28%
Dec. 9, 1942
b0.375
0.33%
b0.375
0.30%
b0.375
0.34%
b0.375
0.31%
Dec. 16, 1942
—
Dec. 23, 1942——I—-
b0.375
0.35%
b0.375
0.31%
Dec. 30,1942*—*.
b0.375
0.35%
b0.375
;
_—**—*
*
3.85
4.84
Preferred stock series
New
quoted are for discount at purchase
Nov.: 18,
1942-
21,
Oct.
6.40
3.47
14,
Oct.
5.02
5.82
Low priced bond series**—.
,
United States Treasury Bills
Treasury bills—
Oct.
7, 1942.
•<
series—
i.
•
1.03
series*—
5
Bid '
1.05
—25c
National Investors Corp*—__1
National Security Series-
i
-
Rates
'
Securities—
(Colo), series B shares
(Md) voting shares
f
X' I'
8.41
"vV
,
;
3.75
-
—
3.60
3 32
+Mar
.,.
30.10
,
3.15
Mutual
2
24.86
29.50
6.5)2
5.28
2.81
■
1944—J
10c
2d
7.15
1
15,
Sep
5.66
73.40
___10c
—
Investors
2.43
•
1944
%%
'
Bond Fund Inc—
Mass
10c
•
15,
100.5
...
%%
1944
Jun
5.13
*
**10
Maryland Fund Inc.**
Bond
B
Mar 15,
Mar 15,
1.41
4.73
Fundamental Trust Shares A__2
8.29
2.89
71.93
—
Trust—
10
Inc**
Fund**
Investors
1.78
Shares A
Invest
—
Mass
1.50
series
7.51
2.60
-
*
14.77
,*100
Fixed Trust Shares A
Foundation
Sep 15,
.
Bank stock series—
stock
Jun
12.26
Manhattan
Inc—
Insurance
13.16
11.30
15,
99.4
1%%
—
11.12
15,
Ask
Bid
99.2
100.3
Notes—
10.30
11.99
23.09
,
Mutual
105%
%
1
S-2
Loomis Sayles Mut Fund
Loomis Sayles Sec Fund
-
First
100%
104%
9.87
Equitable Invest Corp (Mass) *5
21.47
Equity Corp $3 conv pfd—
1
,15%
Fidelity Fund Inc„13.72
Financial Industrial Fund,. Inc*
:
L31
Fiscal Fund
104%
100%
Int. Bate
*
1946
K-2
K-l
Knickerbocker
96c
104%
point represent one or more 32ds of a point
Bid
Int. Bate
'
1942—
15,
fMar 15,
4.70
4.15
25c
102%
Quotations For U. S. Treasury Notes
Figures after decimal
Series
15.97
102
Natural Gas Pipe Line
3%s, 1956
Virginia
-107
Ask
Bid
3%s
Series
.14.77
'■
.108
109
Series
•
107%
Public Service of Indiana
,93%
■* :p
8.25
B-4
Series
3.62
•
•
1961
3s_
Series
Cumulative Trust Shares
•••"'
1946
Ask
103%
98%
16.59
7.50
B-3
Scries
{.
:
92%
,
B-2
Series
Bid
102%
1962*4'
27.79
B-l—
Scries
Forster insurance—
ACommon
A7%
25
1
■.••.• ■••, .• y-..»
Panama Canal
100.25
100.21
Macy (R H) 2%s 1952——
8.95
C_—
Keystone Custodian Funds—
ACruin
100.22
100.18
Other Issues: ";
L"P:V,V.:
-K
••
18.39
8.75
21.92
Co
.
'iv..
U S Conversion 3s
13.10
79c
1.10
shares—
Investors Fund
10Q.22
100.18
Y
**
,.
100.25
r*
1,1944
Feb
notes
'
—
Group shares
Bank Group
Insurance Group shares
1.74
1
1
mod
AA
Series ACC
**■
1.74
*1
Accumulative series—
tr
1.82
\
1
AA
Ltd—
Securities
b0.75
14.73
1,72
Cent 111 Pub Serv 3%s,
Penn Electric 3%s,
Institutional
1 %7«
Quotations For Recent Bond Issues
.
3.54
27%
1
Commonwealth Invest
'
t
■*., j
V 8 Conversion 3s*,.;,——1947
I
5
—•
Independence Trust Shares
100.22
———Apr 15,1944
2.56
5c
10c
Incorporated Investors*.^
100.2
9.86
5.89
"
10.63
f
*No
js Cash
bonds
par
b Yield price.; d Deferred delivery,
r Canadian market.
year,
x Ex-dividend,
y Ex-rights,
tin default.
tThese
"AQuotations-not furnished by sponsor or issuer.*
value.
Odd lot sales,
included in range for
sale—not
are
subject to ail Federal taxes.
r.
:.yr,
0.50
0.60
;b0.65 ,V.
1944—
Empire Gas & FueV 3 %s,
Christiana
tl%
U 8 Houstng Authority—
.
100
———July 15,1943
1943--b0.75':'A 0.65
,
l%s Jan. 3,
Inc
;
1,1943
*
1 %
'
99,30
'"
•
,
100.10
3.27
2.31
Holding Corp—
*—_Feb
.
1, 1942
Ask
100.8 '
4.19
3.26
;
2.96
*
shares—
Utility
A Huron
Century Shares Trust—
3.80 V
2.95
shares**—
shares*
Tobacco
Broad Street Invest Co Inc
shares
J
100.5
100.3
99.28
-TT*.—-Apr 1, 1943
Eederal I^atl Mtge'Assrt—A
4.18
5
Banks—
Loan
—--Sep
H
,2s.
6.23.;.
3%
Home
1,1943
15, 1945
■At%s *_*•_--.—___Mar>> l,
3.52
2%
Petroleum
Canadian
$%8
;V 3.19
5.66 >
-—•'
*
6.89
.
preferred——
Bullock
—
4.16
———1
A Common
Boston
i
Electrical Equipment**—
,
Feb
3-77
6.26
f
■
:
May
*:
4.84
4.42
5.00
6.38
shares—*
Building shares
Chemical shares——
%%
4.39
—
shares
Aviation
Bankers Nat Investing—
Basic
shares
Automobile
Food
A6%
?i
t"
Reconstruction Finance Corp—
:—
—
:--r
Bid
Bid fx Ask
J
.
Commodity Credit Corp—
Foreign Investing_10c
• 9.71
10.65
v% :
-yh7v,';- 7,;-,7':7
Axe-Houghton Fund Inc
Ask
7.00
American
"Assoc Stand Oil Shares—i—2
Bid
Par
Ask
6.44
1
Aeronautical Securities—*
v.
A
THE COMMERCIAL & FINANCIAL CHRONICLE
'Number 4113
Volume 156
Week Ended Sept,
THE COURSE OF BANK
Bank clearings
CLEARINGS
compared with
Prelim¬
this week show an increase
a year ago.
inary figures compiled by us, based upon telegraphic
Virginia—Huntington—
Virginia—Norfolk
advices from the chief cities of
Richmond—.:
64,869,107
2,486,528
1,-604,834
124,052,067
31,345,141
(6 cities)—c.
250,224,466
Total
1941
Vo
<:
369.224,877
•+
471,000,000
+
St. Louis-—
San Francisco—~
282,666,901
+14.1
114,300,194
+
110,300,000
+ 21.4
198,641,000
206,114,752
176,980,000
168,043,314
141,121,540
+ 22.6
131,884,950
98,438,066
+ 33.9
6,048,805,618
1,399,461,005
5,159,767,046
: 1,331,771,785
+17.2
—
——„
:
Pittsburgh-—_
* 175,000,000
——
—
—ii—'■
Baltimore-.—
Ten cities, live days——
Georgia—Atlanta
1.3
322,659,614
..U—140,945,101
133,900,000
:
Kansas City—,———
i.———.
-
—_
Total all cities for week
'
'
.
ii——
" J
143,972,120
+
64,900,000
+33.9
+14."2
17,179,000
38,234,538
+13.1
3,852,634
20,257,703
58,200,000
•
1,096,739
+ 40.9
24,745,272
1,322,768
1,362,963
,
885,383
....
16,075,00a
21,000.600
'
'
5,076,619
3,113,171
+63.1
2,008,887
2,035,561
195,493
63.426,446
+ 29.5
+27.4
154,766
39,793,785
41,860,236
265,136,815
+21.9
177,006,974
+ 15.2
255,961
3,051,944
1,251,260
-
(10 cities)
Michigan—Ann Arbor.
Grand Rapids
:
Lansing
————
Indiana—Fort Wayne—
Indianapolis
5.1
323,072,382
——
-
—
Seventh Federal Reserve
18.3
South
.
181.075
413,793
$6,896,151,170 in the same week in 1941. Outside of this city there was an increase
of 17.0%, the bank clearings at this centre having recorded an increase of 29.6%.
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 an increase of 28.3%.
The best gain was had by the San Francisco
District with a 36.9% gain. The nearest approach to this level was the 31.0% increase
District. In Cleveland there was a 25.9% gain in
the Same period last year; in Atlanta the increase
Was of 21.9% and in Richmond and Minneapolis of 19.7% and 19.6% respectively.
Boston managed to enlarge its totals by 19.1%, the Dallas District by 15.5% and the
St Louis District by v13u§-%. Jn Chicago the increase recorded was of 4.9%.
Phila¬
delphia had the lowest percentage "in the cSuntry with an increase lof 4.5% ;:^""
+15.7
1,687,995
,+ 61.9
2,592,543
+ 31.6
1,642,910
1,245,616
992,468
+
5.2
18,316,000
17.429,OOD
—
1.0
+ 40.1
1,965,298
5,384,088
5,418,598
+19.9
18,859,312
19,603,288
1,669,118
+15.9
1,088,024
1,234,133
11,495,924
13,884,027
—17.2
12,956,131
12,809.306
5,544,178
4,745,184
+16.8
4,325,588
+ 28.5
4,324,726
443,515
3,010,793
9,942,386
28,594.748
,
City
,
Illinois—Blooming ton—__
479,264
373,022
405,368,041
Chicago—
Decatur__i_;
392,289,744
1;508,996
1,284,948
—
"
Peoria—
41466,555
Rockford—
1,997,510
Springfield--———^—
1,783,201
4,136,818
1,844,903
1,416,674
510,990,802
—-
(17 cities)-^——
'
1,522,145
315,521
3.3
321,024,923
310,312,931
+ 17.4
971,546
1,354,653
+
8.0
4,0731713
+
+
486,969,651
Total
•
318,834
3,312,659
'
1,969,394
23,731,000
3,040,240
1,094,142
23,851,115
1,440,672
24,972,000
—.
Bend—
Iowa—Cedar Rapids
Des Moines--—
yve are
We group the cities
3,820,530
2.733,122
Wisconsin—Milwaukee
able to give the final and complete results for the week previous—the week
ended Sept. 26.
For that week there was an increase of 23.3%, the aggregate
of cleanings for the whole country having amounted to $8,501,822,771 against
359,243
4,418,630
-
Terre Haute—
Sioux
185,711,155
.
District—Chicago—
'•
,
■
present further below
we
21,730,161
1,676,200
1,532,614
Total
+ 15.3
7,750,792,509
detailed! statement^' however, whidv
%4,075,596
5.1
+ 24.0
+
v
9.0
+25.1
24,003,000
^
+14.7
—
+
♦1,750,000
——.
Mobile————
the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
3,933,986
1,051,03£
8.3
1.226,622
+ 25.9
•
1,335,503
1.420,91E
4.9
398,141,485
-386,60O3
'
+
Eighth Federal Reserve District—St. LouisMissouri—St. Louls__^
156,900,000
Kentucky—Louisville-.
Tennessee—Memphis-.
Illinois—Quincy™.
56,760,123
120,900,000
23,728,074
50,403,681
59,052,092
Total
+ 29.8
89,800,000
87,900,000
7.6
34,544,655
34,112,41^
—14.6
22,608,713
30,373,485
+
■
819,000
+ 17.2
598,000
566,000
264,882,804
(4 cities)—
699,000
233,379,166
+13.5
147,551,368
152,951,90-1
by the Kansas City Federal Reserve
•
) Ninth Federal Reserve District—Minneapolis-
the volume of checks cleared over
SUMMARY
OF
BANK
1st
New
3d
4 til
Cleveland
5th
Richmond
6th
Atlanta
7th
Chicago ———— 17
St. Louis——4
"
"
"
7
——i.——6
10
■_——
329,218,177
391,979,753
4,573,591,869
568,199,403
594,181,118
250,224,466
323,072,382
York——
Philadelphia
—
3.565,609,579
543,723,758
471,791,857
v
510,990,802
'"V'
i
264,882.804
178,815,028
,4
.
252,031,984
408,433,192
+ 25.9
344,209,250
209,033,658
+ 19.7
+ 21.9
162,727,609
177,006,974
486,969,651
233,379,166
+
4.9
398,141,485
+13,5
147,551,368
117,181,606
135,281,939
67,947,438
259,374,270
'4: 351,507,678
+ 36.9
23.3
501,822,771
6,896,151,170
+
4,056,059,057
3,465,547,036
——
8
New York City———-
■■•li
danada
32 cities
———-
416,654,623
now
add
detailed statement
our
^07,300,505
——
—
113,980,390
140,633,746
73,561,486
253,836,177
;
_i
1,485,280
(7,cities).
7:7$
Clearings at—
v
Portland——.j————-
Massachusetts—Boston _————.
•
■
-
-
Fall River——.
—;—
<£
596,818
LowelL——————
■■.."'New Bedford—
.—
.—
-'7
Springfield—;
Worcester—
.
829,084
3,409,896
186,399
31.637
^
102,262
99,536
2,782,892
52,218,821
42,824,727
2,672,223
31,097,583
*
2,180,642
2,110,743
+ 21.9
3.3
+
1,622,579
1.775J54
4,893,559
3,956.118
•+23.7
2,339,635
132,249,513
+ 35.3
93,369,437
2,270,074
98,260,199
3,805,144
3,646,192
4.4
2,770,969
979,031
559,011
+ 75.1
517,019
939,346
741,396
+ 26.7
708,595
"
.
...
.
+
2,864,008
571,517
858,966
Total (10 cities)
247,916,808
7
-
189,277,262 % + 31.0
135,281.939
;
'
l-
140,633,746
i
Eleventh Federal Reserve District—Dallas'—
<K);L
7
2;658,030
+ 35.8
94,579,551
+15.5
53,805,752
Fort Worth—
:
10,855,969
+
9,6
6,490,662
Galveston—
1,482,400
i
2,735,000
+ 46.3
—21.4
+18.7
+15.5
7,038,44b
1,026,922
3,256,702
67,947,438
116,705,619
101,046,290
1,480,421
59,046,258
,
1,885,000
1,090,139
4,786,930
.
Wichita Falls—;
,iv
2,342,000
843,935
2,807,430
...
■
73,561,48p
Twelfth Federal Reserve District—San Francisco—
4
92,071,321
2,436,132
60,406,609
+ 52.4
1,711,682
56,044,784
+ 42.3
80,867,975
2,429,917
218,229,697
2,286,456
Oregon—Portland—
234,587,696
Utah—Salt Lake City-
27,957.185
22,364,323
+ 25.0
720,345
695,235
California—Long Beach
5,751,344
4,589,427
+ 25.3
41,330,797
1,240,897
38,567,834
16,720,685
3,209,925
336,298
2,272,655
2,976,872
+ 23.7
2,526,055
13,511,561
2,959,028
+12.5
335,769
639,032
260,841,000
197,877,000
152,112,050
3.8
2,881,190
975,256
2,598,848
288,296,120
^
853,666
372,712
737,254
3,544,722
+ 17.7
:
—38.6
+ 89.9
,
-
0.5
+
+ 60.1
—
w
+
6.7
',432,294
+
30.4
),453.469
+ 16.1
3,803,980
Yakima
546,292
569,078
,
Pasadena
San
■532,050
■
2,093,909
+ 42.9
),062,600
632,850
—27.2
474,613
,
:
Francisco
+ 44.3
31.8
149,417,000
898,439
+ 351.8
2,897,260
1,006,335
1,410,567
+ 28.7
1,133,141
1,264,999
3,227,975
+ 29.5
2,330,676
2,186.443
351,507,678
+ 36.9
259,374,270
8,501,822,771
6,896,151,170
+ 23.3
5,821,696,965
3,465,547,036
+17.0
2,574,815,963
^
+
450,617
+19.1
252,031,984:
c
Stockton^——
;
Total (10
is^IO.S^
4,179,245
Santa Barbara
.
38,560,518
1,093,835
33,527,6015
4,059,527
San Jose—
3,161,078
v
12,666,700
329,218,177
31,321,77|8
'178.983,046
-
Texas—Austin—ii
1939
4,958,977
460,460
102,002
+25.0
+ 20.0
—
11,079,490
4,060,917
9,605,300
391,979,753
(12 cities)—
+118.9
-
2,313,354
11,267,718
::-'v'
Hampshire—Manchester——.
85,148
♦120,000
Louisiana—Shreveport
5,755,108
Rhode Island—Providence—
113,980,390
2,984,414
—
—
14,692,186
—
117,181,606
...
,-3r749v251rT:
♦150,000
St. Josephs—
340,668,857
18,096,700
New Haven-:
Total
V
2,469,429
....——————
Connecticut—Hartford————
New
:
+19.6
-
996,991
-t3,666^43
3,580,820
Washingtonr^Heattle^^^^^^^—i
599,007
4,935,223
339,278,269
r
857,573
——-
—
+25.^-,
Lincoln.—.
Colorado—Colorado Springs-.
Pueblo—
First Federal Reserve District—Boston-
Maine—-Bangor-
149,457,249
2,602,747
916,909
Dallas—
1940
Dec.
-
-
+41.9
—4,342,070.
178,815,028
Total (6 cities).
26
Inc. Or
1,047,012
......5354rQ69
Wichita
5,554,626,937
2,514,361,099
*
Week Ended Sept.
::rzi25;TO
2,794,458
+11.2
1325322+1^0
"13457187"
Kansa s—Topeka
shoeing the figures fojr'eaph;^
1941
2,775,714
907,776
3,107,623
—
Missouri—Kansas City——
—
326,273,555
+. 2.3 ;
—r-
.
We
•
5,821,696,965
2,574,815,963
+17.0
—;—
j i Total ji————111 cities
r
26,616,347
+
Omaha—
152,951,901
481,262,719
3,448,893
75,770,78'6
28,659,854
Hastings-——
.
386,600,680
+ 15.5
2,835,309
77,419,201
8.8
Nebraska—Fremont-
305,673,423
143,972,120
165,711,155
101,046,290
+37.6
+23.0
36,483,607
Tenth Federal Reserve District—Kansas City-
3,142,175,966
406,092,555
+19.6
3,289,934
100,274,546
Montana—Billings
269,435,338
3,351,809.850
+ 31.0
"
.Francisco-—.—« 10
North Dakota—Fargo
I,:'-
4.5
116,705,619
—
$
:Y-t7
•
'
1939'
+ 28.3
+
189,277,262
247,916,508
Outside
$
'
+ 19.1
149,457,249
Minneapolis ——— 7 ; ?
10th Kansas City—,-— 10 v"
11th Dallas
——
6
"
9th
-12tli San
1940
'
■
265,136,815
'
8th
Inc. or
Dec. %
——12-cities
12
"
10
"
Boston
1941
ii
77--''7 li
-.
4,528,130
•
^Qlti;TiMpra^A^delS
Total
'
•
Sept. 26
Federal Reserve Districts
Paul—
--'
39,693,044
"
St.
i':'
123,371,695
——
Minneapolis—
CLEARINGS
1942
Week Ended
Minnesota—Dulu th_
-^Helena.
^r^IivTfie"foirdwIng~w6 TUfBlslra-^ummar^by-Pederahdistrlets^-^,
;2d
).
...
Mississippi—Vicksburg
253,140
Louisiana—New Orleans—80,827,540
ends Saturday and
In the elaborate
162,727,609
33,816,279
in our issue of next week.
1
22,513,395
Alabama—Birmingham—43,260,557
Complete and exact details for the week covered by the foregoing will appear
We cannot furnish them today, in as much as the week
| i
74,549,153
25 694,170
—
92,300,000
■
2,244,591
—;
Macon——.—
Florida—Jacksonville——J
+ 12.2
1,259,253,678
8,937,919,947
—.
♦Estimated.
■
'"925,250
82,861,301
3.2
+19.7
35,157,887
115,500,000
'
*
1,340,134
+ 17.0
—
5.497,466
33,353,474
v
——l..
Augusta--—
•
23.3
6,491,538,831
days—ii—_•—.
7,448,266,623
day__—_—•
i—1,489,653,324
Total all cities, five
'
2,317,000
43,325,581
+54.9
•
209,033,658
5,990,182
Nashville—.,—.
■
5.5
477,000,000
Philadelphia————.—i
All cities, one
3,240,000
49,031.043
;;i
—.
k
+ 88.1
Sixth Federal Reserve District—Atlanta-
+1919
$3,247,004,838
349,911,593
Chicago—,.—
Boston-——————~——i
ij
,
341.74
560,956
+ 31.1
32,380,324
-
8.3
+
105,993,484
Columbia—Washington
District of
Tennessee—Knoxville
Ending Oct. 3
■
•
: ;
1943
York———i—$3,893,435,324
Other cities, five days—-
85,040.322
.
———-
Maryland—Baltimore—-
>
Week
Cleveland———i>.
6,522,000
718,909
3,467,000
South Carolina—Charleston.———
Clearings—Returns by Telegraph
New
$
.
for the week follows:
summary
778,408
•
.
—
indicate that for the week ended Saturday, Oct. 3, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 15 3% above those for the corresponding week last year.
Our preliminary total
stands at $8,937,919,947 against $7,750,792,509 for the same week in 1941.
At this
center there is an increase for the week ended Friday of 19.9%.
Our comparative
';
1939
Dec. Vo
Richmond—
West
the country,
Inc. or
$
$
Fifth Federal Reserve District
26
1941
1942,
cities)—
7
3,211,314
253,838,1T7
■
"
—
Outside New York
269,435,338
■
■[■■
Grand Total (111 cities)
i
■
5,554,626,937
2,514,361,009
ii
■
11
Second Federal Reserve District—New YorkNew
,
14,873,072
—.
2.8
+
3.1
1,145,133
45,900,000
746,514
+ 25.4
1,060,379
830,719
+ 27.6
4,445,763,714
8,629,183
—.
1,177,833
47,300,000
—
^
3,430,603,134
8,885,629
4,950,526
6,199,819
323,920
20,801,378
30,317,035
Elmira.
Jamestown——.
New York—
Rochester.
—
Syracuse
Connecticut—Stamford-
5,345,303
New Jersey—Montclair.
266,649
-
Newark——
6,059,450
20,387,403
28,458,204
—
Northern New Jersey.
8,843,036
+ 29.6
8,123,793
964,271
1942
1,047,917
35,900,000
476,627
,
31,500,000
712,789
3,246,881,002
Canada-
:
2.9
7,088,718
8.0
4,157,317
—
0.7
2.0
19,471,685
6.0
22,937,111
(12 cities)™
—
4,573,591,869
.
3,565,609,579
25,344,579
+28.3
3,351,809,850
47,797,555
-
Quebec—-—-——.—,-.;
Halifax-
369,815
28,601,662
_
——"
Chester—
Lancaster
'
———
J.
Calgary-———
2,352,339
—
Victoria
3,142,175,966
Scranton
—
—
Wilkes-Barre—
Edmonton.
452,744"
1,633,664
495,227
1,608,677
5.1
1.969,399
—~
356,960
1,154,705
383,545
558,712
Brandon
—15.9
406,528
357,046
—
—,
——
York-
_
New Jersey—Trenton—
,
3.2
1,331,155
396,000,000
394,000,000
1,475,488
1,546,754
1,682,355
+13.4
1,204,153
1,309,852
3,355,500
—30.2
3,618,800
3,373,500
2,170,984
1,015,089
+
—
—
2.6
6.0
1,981,222
904,181
568,199,403
543,723,788
+
4.5
408,433,192
-
—
New Westminster—.——
Medicine Hat
—
Cincinnati
~~~
Cleveland
Columbus——
Mansfield
,
V
;
—
ll.
Youngstown
Pennsylvania—Pittsburgh—;
Total
(7 cities).
—
—14.3
2,405,356
98,972,782
85,652,889
+ 15.6
60,165,258
Moncton
1,765,134
58,723,000
203,604,243
12,382,700
2,422,399
2,559,716
271,679,184
164.202,939
11,874,100
2,404,696
7
3,003,791
201,714,068
+ 34.7
151,370,180
127,799,045
594,181,118
471,791,857
+ 25,9
344,209,250
305,673,423
+ 24.0
115,824,535
1(0,028,800
9,047,300
0.7
1,735,949
1,622,388
—14.8
2,679,172
Chatham
104,171,888
4.3
Kingston.
2,544,668
+
5,372,318
7,534,054
1,706,283
1.2
1,564,609
4.9
2,309,734
2,236,864
9.0
4.142.853
.4,105,104
5,521,385
+ 23.4
452,814
+ 46.3
9,149,401
411,202
600,104
+ 33.0
569,490
1,674,379
656,711
1,022,758
1,042.914
937,524
6.1
1,708,456
10,241,848
431,252
713,844
1,800,258
+ 30.2
752,022
727,447
+
1.9
863,970
+
0.3
776,216
770,407
+10.7
756.169
634,304
400.078
+
794.294
552,255
398,532
+ 38.6
401.968
691,849
+ 17.5
555,296
771,195
731.248
-1.211.071
878,675
1,175,436
+ 40.5
3.0
1,056,833
1,100,179
3,499,612
+ 22.7
623,678
3,058,443
2,450.941
3.3
366.534
385,717
8.0
927,286
855,040
—
1.0
722,106
674,237
644,614
625,105
+
3.1
573,169
609,584
"490,582
♦420,000
+ 16.8
385,536
414,82(£,
1,013,987
1,158,380
—12.5
1,081,371
1,140,217
416,654,623
407,300,505
2.3
326,273,555
340,668,857
471,733
487,768
1,056,972
1,148,843
846,516
—
—.
—-———
—
Sudbury—.
Total (32 cities)—
+
—
:
—-
—
+
i
-—
_
Sarnia———
.
1,844,042
1,846,641
4,510,102
2,385,505
4,293,855
——,
—
—-
6,486,080
15.7
+
+
1,234,470
Prince Albert—:
2.939,374
6.6
+
1.3
—
812,688
:
—:—
Windsor—
+
1.045.795
-
-
:.
Kitchener
408,092,555
5,420,927
1,037,457
•
—
Peterborough
5.6
3,449,195
6,868,728
6,596,738
2,032,325
1,993,218
2,588,653
855,298
—
,
.16,341,378
+ 20.7
27,425,802
4,710,536
2,612,911
1.042,433
——
Fort William
1,013,269
18,106,447
+ 28.9
1,776,511
-
—
Brantford
2,081,379
2.520,094
52,554,475
:i
i!
•662,399
-
-
Moose Jaw
Fourth Federal Reserve District—ClevelandOhio—Canton
8.4
—
s
6,812,638
-
Sherbrooke—:
Total (10 cities)—
5.7
7
88,093,028
86,646,472
77.723,327
17,075,630
798,426
-
—
——————
Saskatoon—
1,468,498
4.9
—12.9
—
1939
'
5,686,305
2,715,778
6,198,968
_
Lethbridge
1,385,417
2,229,918
1,079,722
1,482,916
530,000,000
I
Regina—————
—15.5
—
2,340,600
Philadelphia—————
Reading
429,494
1,379,701
416,493
1,557,912
556,000,000
1,206,775
$
84,465,351
89,461,095
+ 34.8
5,277,348
London—————..—
Bethlehem—
1940
or
2.3
-r
21,216,234
———
Hamilton
Third Federal Reserve District- -Philadelphia—
Pennsylvania—Altoona.
Inc.
Dec. %
116,659,339
St. John——
Total
V&
■7.77';:.::v---.ii''
Sept..24
34,024,904
18,652,449
—
.
129,862,134
Vancouver-——
4,102,628
4,303,338
—17.7
4,047,823
329,471
1941
■
Winnipeg--—
7,236,547
+
—
$
Montreal-—-—
3,040,265,838
:
(
Toronto— —,
491,799
737,263
■
•
•'
Week Ended
—48.6
935,781
Binghamton
Buffalo
'•
7,640,670
York—Albany.—-
———-
—
+
•
729,656
Monday, October 5, 1942
1234
Canadian Pacific
(Continued from page 1204)
$150,000,
99,992
payable to banks—unsecured——
notes payable to banks—_—.——-—
Notes
Mortgage
Accounts
payable
balances
Traffic
Salaries
&
Interest
payable
accrued
accrued
Other
accrued
travel
Air
(net)
——
liabilities
118,150
6,974
266,677
'——
'
———-——
__
Paid-in
surplus
—
—
—_
surplus
ry.
$74,679
$99,585
*11,033
*1,703
*32,861
drawn
*41,388
*42,334
*65,344
railway-
947,946
railway——_
*146,420
from
Gross
575,000
DM28,770
:
.
154,
oper.
'
803,368
923,343
*34,545
*82,299
••
*218,214
*309,753
*419,847
.
The
stock,
156,
paid
1
dividend
a
of
$3
$1
Central of Georgia Ry.
'.y
from
Net
ry.
—V.
V,
1941
1942
from
Net
ry.
railway—..—
from
Net
76,459
income
44,300
$98,624
9,385
*2,415
1,099,052
803,089
railway——
oper.
$209,250
1939
•
633,699
$99,792
5,520
*9,099
$1,298,418
ry.
706,383
448,898
**3,775
railway-
17,849,267
14,172,387
1(3,618,324
railway-
5,580,828
3,908,757
1,156,033
4,234,292
2,636,361
from
from
Net
ry;
Gross
10,036,065
1,122,273
135,580
from
Net
from
Net
ry.
railway
railway—____
income.
oper.
*Loss.—V.
83,995
*28,001
232,619
88,467
—
36,087
*80,282
156, p.^863.
Co.
Retroactive Provisions of
—
Net
of the
Directors
York
assessed
company
Supreme
stitutionality
of
Sept,
on
29,
ruling upholding the con¬
a
1941 State law which
a
of
provisions
corporations the expenses incurred by directors in
themselves against accounting suits.
Justice
the law applied to the case, although the judgment
the trial court in favor of the Bush directors, in an action against
against
The
the
in
that
share
them by the
appeal in the
all
to
be
passed, had
finally decided by the highest court to which appeal might
The retroactive provision as applied to the case, he found,
been
not
then
cases
taken.
neither
was
harsh
action
by
the
suit which
earlier
arbitrary.
nor
Walker denied
Justice
an
California
which, at the time the law
pending
they
dismiss
of their expenses in the
defended.—V. 156, p. 1015.
recovery
31—
6%
the
on
Oct.
amounts
76).—V.
p.
stock,
preferred
Like
15.
156,
dividend of $1.75
a
and
—.T
IT-..—
Operating revenues
Operation
Gen.
and
engineering
construction
$3,003,323
"..u—'■ 1,189,759.
chargeable
expenses
$2,816,275
1,138,102..
—
Net
from
Net
ry.
156,
$1.50
Cr48,099
'"108,898".
"Mamt'enanee-irriT—^—T———TiT—
General
taxes
Provision
250,652
241,561
depreciation—318,724
from
Gross
cn
Net
preferred stock and $1 per
for
Net
ry.
were
paid on
600.
p.
Net
earnings
income
Gross
from
$1,193,497
income
7,967
'
—
$1,201,997
467,152
Interest
on
first mortgage bonds—————_
Interest
on
serial notes.—
Interest
^
$1,066,126
8,500
operation—_r,—_
——
corporate
on
installment
Miscellaneous
Interest
——
debt
833
2,021
Crl,432
35,094
Cr2,847
—
.
discount
and
expense—
disposal of Redding property
on
t Provision
1941
from
ry.
—V.
1940
1939
>>
from
ry.
Net
Net
23,347,824
20,897,494
4,984,447
342,334
Net
ry.
;
__
—
11,495,471
8,140,729
5,382,876
Income.
__
5,320,621
3,447,790
656,804
"StUtbs~FS\ver &" ElghfT
Dividends
for Federal income
$474,37.9
preferred stock
on
♦Exclusive
of
___i.__—
$180,970 charged
the Redding loss
income
tax
for
•
-$465,569
208,501
208,501
c;
surplus appropriated as of
"
•
to
30,1939.
tlf
41,030
April
&
the
12
months
ended
31,
Aug.
1942,
and Aug. 31,
1941, would have beeh estimated at $234,119 and $130,969, respectively,
and
the
amount
stituted
period
net
156,
$23,270
explained
charge to income
a
beginning
taxable
—V.
of
Jan.
income.
p.
the current
in
1942,
is computed
liability
for excess
1,
No
Note
in
would
*
not have con¬
period. Provision for the
on the basis of 45%" of
profits tax is anticipated.
Light Corp.
i
—
;
,
To Liquidate
Cambria & Indiana RR.—Earnings—
August—
Net
from
Net
ry.
*
1942
railway—
railway
1941
$177,817
from
$174,880
As
1940
1939
$134,518
$136,509
soon
event
Net
from
Net
ry.
—v.
parent,
its
Central
the
1
the
within
consummation
the
Power
States
portion
trustee
of
first
its
will be used
of
days
30
given to all bondholders.
latter
&
of such
Light Corp.
sale,
and
in
deems it desirable
33,301
76,691
railway.^—
railway—
1,413,296
1,198,167
993,348
860,720
650,430
475,897
350,725
312,504
Gross
income—_
553,195
573,872
623,383
572,539
Net
from
Net
ry.
directors have declared
common
stock, no par value,
Oct.
This
15.
compares
with
a
dividend
payable
of
Nov.
National Lines
August—
Gross
from
Net
ry.
:•..
in
share
on
of
the
record
1. last;
May
on
date
interest
said bonds
on
will
continue
to
be
paid only
such
from
: 1940
1942
1941
$335,440
$294,362
139,658
125,927
56,727
63,095
2,588,624
railway.;—
railway
—
income.
oper.
1939
$199,544
$210,123
53,156
•
67,336
30,667
Net
from
1,637,609
542,302
333,035
Net
ry.
Net
from
*29,551
*13,155
*27,304
*7,129
Net
ry.
income—
*91,131
*68,241
oper.
•Loss.—V.
income—
156, p. 777.
1,210,703
; :
*58,864
',/• .i;v
■
1,075,650
904,633
91,081
*70,228
*95,267
*403,255
*541,552
■
*78,938
;'V %■••.'
614,617
285,016
from
Gross
1939
$137,098
'
501,829
*516,738
*457,773
$8,430,325
2,232,559
1,126,181
$15,546,252 $11,376,832
railways-
railway——.
6,811,733
4,214,287
income—
3,240,697
2,448,330
oper.
$8,221,964
59,995,568
2,001,768
816,103
Canadian National Ry.—New Chairman
terms beginning
Mr.
continued
as
on
Oct.
from
Net
ry.
—V.
railway—.
37,024,022
74,745,316
61,043,587
23,117,976" 13,325,828
income—
17,805,329
12,412,108
from
Net
!
oper.
156,
99,106,546
railway.—
Chairman.
He
reached the age of
Although ending his active connection
ford
will continue to
Ltd.,
a
act
as
Government-owned
munitions,—V.
156,
p.
three-
Gross
from
Net from
Net
ry.
4,493,491
4,758,923
President
company
with
the
70 years
last July
16.
C. N.
of National
engaged
Mr. Hungerford
in
R., Mr Hunger¬
Railways Munitions
the
manufacture
railway—,
$2,202,854
872,718
427*476
from
railway..—
railway——„
Net ry. oper. income.*^
—V. 156, p. 863.
of
Gross
Net
from
Net ry.
1940
1939
railway.—
railway—
$401,683
$182,373
$147,510
$102,789
159,503
14,617
2,611
*29,476
Gross
income—
127,074
*12,007
*20,915
*49,287
Net
From Jan. 1—
Gross
■
from
railway—__
railway
Net
from
Net
ry^ oper. income—
156, p. 863.
3,337,275
2,607,341
2,076,812
1,333,436
874,843
555,182
405,268
1,556,430
658,034
1,005,198
Net
41,668
—V.
—
.2023.7.5>
-
10307,676,
1,083,205
*647,487
Subs.)—Earnings—
1941
1940
1939
$8,869,948
$4,508,835
8,426,955
\ •
v
'
*; •;
4,424,229
■
•
V,
——
$1,187,382
$796,054
$442,993
-Gther income -^=.-=4
—161,393
77,305
45,817
95,621
$1,248,77j5
291,093
$873,359
$488,810
$180,427
Net
profit
.
$84,606
.
'
Net fncome
251,856
248,504
222,599
57,633
40,132
139,315
t337,594
140,180
13.866
$562,455
Depreciation
$444,543
$113,030
+$107,660
57,411
60,774
17,081
8,270
3,006
439
,
——
■
deductions
Other
&
Fed.
State
taxes
inc.
36,231
'
Profit
*Sh. of
prof
of jointly-
,
owned gins
Share of aggregate
.
net
Joss of unconsol. con¬
trolled companies
Special
.
—J
$519,039"
$100,159
$383,330
f$119,156
255,000
191,250
63,750
$264,039
$192,080
$36,409
$2.04
$1.50
$0.3.9
Dividends paid
suiplus
Balance,
15,00G
11,780
17,004
...
Net profit
2,388
6,599
loss
profit and
(net)
credits
♦Credited
$57,000
to
to
—
14,520,927
4,243,667
1,865,502
12,087,736
9,644,420
1,762,213
10,073,830
3,260,873
1,413,478
tlncludes
co-owners,
an
$$119(156
Nil
1,889,426
192,677
59,213
Consolidated Balance Sheet,
June 80,
of the
S Assets—Cash and cash items, $1,893,766; accounts receivable (jess
reserve, $10,000), $232,933; inventories, $1,819,339; gin and mill sup¬
plies, etc., $630,637; other assets, $167,123; advances and investments,
$663,751; property, plant and equipment (less reserves for depreciation,
$3,545,372), $3,440,467; deferred charges, $19,158; total, $8,867,174. '
15,
erties.
1942,
crued
local
accounts
payable, etc., $127,111; dividend payable
accounts payable to Joint owners of gin prop¬
accounts payable to controlled companies, $9,311; ac¬
$63,750;
$24,389;
$46,513; Federal capital stock tax accrued,
taxes,
insurance accrued, $52,425; Federal
prior
ing
year,
surplus,
$1,357,456;
$1,578,116
307,935
13,779,650
11,539,186
4,639,836
2,678,158
11,543,511
2,886,105
1,679,056
1,844,584
465,219
659,355
236,489
741,347
$12,500;
and State taxes on income (includ¬
$2,143), $339,737; capital stock
earned
867,174.—V. 154, p. 1010.
surplus,
($10 par), $2,550,000;
$4,283,983;
total,
$8,-
,
Cincinnati New Orleans & Texas Pac. Ry.—Earningsfrom
railway—
railway——._
from
Net ry.
income.__
oper.
$2,006,405
842,056
454,042
1939
1940
urn
1942
$2,801,528
1,345,434
453,820
$1,545,084
618,512
449,468
$1,350,691
465,052
319,911
11,472,816
4,271,533
5,089,311
.
From Jan. 1—
Gross
railway.
railway—
from
ry.
—V.
19,192,031
8,228,143
from
Net
p.
6,270,614
12,036,007
4,555,242
3,146,599
4,079,626
3,248,198
income.-—
oper.
156,
14,740,984
864.
City Investing Co. (& Subs.)—Earnings-
Total
1939
$1,536,479
404,512
125,040
$1,914,483
1942
1942
80
1942
1940
$2,196,377
875,845
about
which
consolidated Income Account for Years Ended April
1941
of
provision
excess
the possibility of retroactive application
is now before Congress.
fLoss.
cover
Act
Revenue
"
■509,170
207,056
income—
863.
p.
Deprec.
and
Federal tax
Net loss
on
,
1940
1939
$464,240
$487,381
$491,584
404,477
421,703
184,187
108,073
tax_„_
1941
$386,649
404,952
income
Exp. & ordinary
113,198
113,214
interest-
122,023
247*419
__———
15~742
sale of prop.
P.
Ry.—Bonds
1941
bonds
have
$5,269,000
$4,578,000
100%
of
at
the
been drawn
their
office
principal
of
loss
cluding
the
by lot
for
amount.
redemption
The
drawn
sinking fund trustee
as
of
1,
1942, at
*$62,044
19,719
19,719
199,984
319,968
$248,887
$106,658
such
loss
amounted
$267,240
to
$515,672,
a
$401,732
mortgage.
which
has
In¬
been
charged to reserve for contingencies.
Consolidated
Assets—Equities in
$4,461,925;
redeemed
City,
presentation
and sur-
Manhattan,
will
$47,537
19,719
159,990
19,719
include loss resulting from foreclosure of
expenses,
be
bonds
upon
Nov,
$69,718
$126,377
——______
dividends
dividends
•Does not
Called—
Morgan & CO.
1942
Net
Preferred
Common
Deficit
Ohio
&
Incorporated, as sinking fund trustee, is notify¬
ing holders of refunding and improvement mortgage 3Va%
bonds,
series D, due May 1, 1996, that $123,000 principal amount of these
Canadian Pacific Ry.—Earnings—
earnings
156, p. 1147.
railway..
railway.
oper.
Chesapeake
J.
Traffic
from
from
—V. 156,
♦Loss.—V.
Week End. Sept. 21—
132,849
271,134
•
455,880
From Jan. 1—
Net ry.
„
332,240
173,145
16,028,396
5,424,575
from
from
1941
oper.
424,290
1942
railway—
railway
ry. oper. income
Net
1942
from
1939
$1,194,487
214,042
22,488
$1,327,970
$1,573,476
Chicago Great Western Ry.< —Earnings—
Gross
Maine—Earnings—
1939
$1,796,960
410,864
168,304,
592,226
-339r83&~
1942
Net
income—
August-
Canadian Pacific Lines in
Earnings
-
$1,773,966
,
nind gin earnings. $20,685,100 $10,641,349
sales, operating
4'
and admin, expenses.
19,497,718
9,845,295
Net
1940
1941
1942
railway.—*
oper.
from
Net
1147.
August—
x 1940
1941
$1,947,302
,
August—
From Jan. 1—
Gross
1941,
*28,235
13,193,168
863.
p.
August—
1.
Vaughan became President in July,
6,404,952
3,759,238
Cost of
Gross
R. C. Vaughan, President of the Canadian National
Railways, has
been appointed Chairman of the Board,
succeeding S. J. Hungerford.
James A. Northey of Toronto and Wilfrid J. T.
Gagnon of Montreal
When
19,907,524
12,066,431
10,384,803
14,604,170
from
capital
From Jan. 1—
Gross
Chicago & Eastern Illinois RR.—Earnings—
year
25,811,879
income
156, p. 863,
1942
railway—
$2,020,516
from railway—610,455
July
1939
1940
1941
1942
i
,
have been reappointed as members of the board of directors for
railway—.—
oper.
Liabilities—Trade
1940
■'
586,001
August—
$105,265
railway.—
1,527,500
Net from railway—___ /;
68,312
income—
oper.
1941
oper.
2,260,865
968,035
1,750,835
1,036,272
railway
—V. 156, p. 863.
$158,018
'
1,132,300
•
54,404,395
43,212
;
Chicago Burlington & Quincy RR.—Earnings-
England—Earnings
1,613,728
•
58,539,188
sh. on 255,000
shs. cap. $tk. ipar $10)
.
railway—^—
from
Gross
1941.—V. 156, p. 955.
New
.
70,544,001
such
after
Charleston & Western Carolina Ry> -Earnings-
1942
from
Net ry.
per
holders
■
.
87,100,560
(Company and Wholly-owned Subsidiary, Guymon Investment Co.)
to purchase such bonds on the open
It is: further proposed that from and after
August—
$115,000
From Jan. 1—'
Gross
to
,
Earn, per
railway—,
railway—___
from
Net
1
70 cents per share paid
$1.20 on Nov. 1, 1941, and 70 cents on May 1,
Canadian
Ltd.—$1.30 Div.—
$1.30
,
.
Sales
to Central States Power & Light Corp.
From Jan. 1—
;The
2,483,927
income—
railway-—-
Consolidated Income Account, Years Ended June 80
the
to
The plan further pro¬
partial payment shall be without prejudice to any
claim that may be later made on behalf of any of the holders of such
bonds to a premium thereon;
;
;
In view of the amended plan, the SEC has directed that hearings
be reconvened on Oct; 7.<—V.156, p. 250,
1
'
*
;
80,524
1,878,255
Chickasha Cotton Oil Co.
;
mortgage
respect of the unpaid portion of such bonds.
that
$8,361;72T
2,493,882
■
railway^—.14,733,390 12,364,024.., 41,351,001,
Net from railway.
railway—
3,328,284
2,786,032
1,473,781
Net ry. oper. income—
980,839
*337,255
1,620,41f
*Loss.—V. 156, p. 864.
\
notice is given at 100 and
accrued-interest, and that any portion of such proceeds and other
funds unexpended at the end of ssuch 30-day period, if such unexpended
portion shall exceed $150,000, Shall be used to make pro rata pay¬
ments on the bonds on the fifteenth day after a second notice to be
such
$9,009,780
3,565,104
2,349,140
4,346,192
■Gross-from
&
possible after
period
a
1939
1940
1941
1942
V
oper.
of
and/or bonds tendered
43,341
Canadian Foreign Investment Corp.,
.
10,113,840
1,242,125
From Jan. 1—
Company
Power
assets
Central
a
corporte
83,813
oper.
5,371,854
,
Nefr-ryr- eper-income^^——40Q,69&
'
and first lien gold bonds,
5%%
series,; due Jan, 1, 1953, it is proposed that Central States
Power & T ight Corp. will give Such notice as the SEC shall approve,
by publication and by mail, to fell bondholders of record to the effect
that the proceeds of the said sale and any other funds on deposit with
82,970
156, p. 863.
14,293,899
35 158,481
income.—
August—
Net
.
Electric' Co*"as" ¥step in
cooperative, for a consideration of approximately $2,500,000.
as
71,369
from
Holding
States
that
56,550
oper. income—
the
and
purchase
From Jan. 1—
Gross
of
Missouri
vides
Gross
27,068.501
19, 146,584: ;17,990,893
3,575,268
railway— $12,767,791 $10,611,690
from
Gross
Act.
Light Corp. proposes to acquire all of the
Missouri Electric Power Co., subject to its
liabilities,
and
thereafter effect the dissolution
of said company.
Central States Power & Light Corp, will then convey all of such prop¬
erty and certain assets (cash excepted) to Sho-Me Power Cooperative,
in
1015.
railway'—— 110 ,420,836 * 88,803,541 I 72,292,306
♦Loss.—V.
Cdip^/'Was'"jtilea""Bept".''26 "WrthPfhe' Seetifltles 'and"
Commission.
Central
property
market
had not been sustained, the provisions for Fed¬
1,028,738
From Jan. 1—
Gross
mfan amends a previous one submitted under Section 11 (e) for
compliance with the provisions of the "death sentence"
clause
2,214,908
Chicago St. Paul Minneapolis & Omaha Ry.Power
plan for the liquidation of the Missouri"
proposal for the eventual dissolution of
The
$9,972,698
66,796,085
railway
from
37,302,24328,414,542
968,541
1939 V
1940
>
1,865,588
2, 972,108
,
railway.——
from
Net
156, p. 863.
Exchange
1,794,368
706,640
'
Chicago & North Western Ry.—Earnings—
$2,714,265
727,681
111,020
1,459,823
1941
1942
oper.
$3,070,462
677,488
58,503
$4,207,890
899,795
States
5,840,124
772,871
*270,201
6,172,500
863.
156, p.-1147.'-.
Gross
■
1,674,779
._
Subsidiary Utility Company—
the
106,149
:
railway.... $15 705,896 $13,562,208 $10,805,082
4,868,023
3,022,820
;
5, 510,382
from
Net
■•••,'
.
railway..
Central
a
23,270
199,729—--101,519
income
Net
eral
3,367
—-
during construction.
of
461,280
2,154
v/
—2,973
interest
Amortization
♦Loss
—
note
$1,074,093
156, p.
railway.—
oper. income
Net
Jersey—Earnings—
income.
oper.
•
From Jan. 1—
Gross
voluntary
Other
1,185,130
from
Net ry.
Nov. 2 to holders of
May 1 and Aug. 1, last
railway-
from
309,688
—
2,245,087
1,432,995
from
Gross
From Jan. 1—
:
A
Cr44,294
2,334,875
income...
;
Chicago Milwaukee St. Paul & Pacific RR.—Earnings
share on
the 6%'
per
share
per
$5,169,010
railway..
railway.—.
oper.
Net
to
—
railway.ju~
oper.
♦Loss.—V.
also payable
1942
from
Gross
1941
,
213,833
6,886,168
income
1015.
share on the 7%
per
August-
Co.—Earnings—
,1942
194,601
7.431,338
railway—\.
from
ry.
.
12 Months Ended Aug.
$801,139
159,884
61,154
August—
—V.
Service
156, p.
stock
preferred
Central RR. of New
7,-t
by the Bush Terminal Co. to
for
successfully
Water
was
•
•
motion
a
directors
City.—V.
of $1.16%
1941' ""
as
stock, both payable Nov. 2 to holders of record
They also declared a payment on the dividend accumulations
(see V.
was
case
redemption
preferred
arrears
record
trustee of the company, was entered before the passage of
*v'
'v" -
still pending when the law was enacted,
and Justice Walter ruled that retroactive provisions of the law applied
The
239,919
oper.
Net
bonds, series C, due Aug. 1,
of Nov. 1, 1942, at 103 V\
4%
mortgage
for
Sept. 29 declared
on
cumulative
15.
Oct.
defending
the law.
called
N. Y.
directors
7%
cumulative
successfully
of
$796,068
340,510
1942
August—
Walter
held
$938,581
298,834
from
Net
<
Central Power & Light Co.—Accrued Dividends—
from Justice Carroll G. Walter of the
won
Court,
retroactive
ry.
Payment will be made at the Guaranty Trust Co., trustee,
Broadway,
1941
1939
$957,051
From Jan. 1—
first
$30,000
been
have
and interest.
State Tax Law Ruled ValidNew
of
total
A
1964,
1S40
railway—
.
156, p.
Central Ohio Light & Power Co.—Bonds Called—
140
Terminal
Bush
from
Gross
847U35
816,246
28,411
*97,733
Exchange, Sept. 24.)
the New York Stock
on
railway.—
from
Net
From Jan. 1—
Gross
la
Earnings V or August and Year To Date ' V
-
21,900
S
486,650
3,347,632
1,393,902
C 775,920
537,608
August—
income...
863.
oper.
*Loss.—V.
637,445
723,886
88,308
67,304
156, p. 777.
*16,956
From Jan. 1—
Net
4,024,829
:
income.—•"
111,706 Tv
■Gross
2,349,023
990,446
105,891
1,564,584
railway.—.
railway...
oper.
sold at 32
$1,148,454
69,846
$1,917,044
905,281
"
~
1940
$115,114
21,418
6,971
1941
a
•
Chicago Indianapolis & Louisville Ry.—Secondary Of¬
1939 V;
1940
$2,461,946
railway—
railway—'—
oper. income—
68,157
income
$321,064
2,968,195
239,706
fering—Allen & Co. have purchased $920,000 refunding
5s due 1947 and have sold them privately.
(The bonds
-Earnings—
1942
vy'. v'* f
>
from
Net
from
from
.$442,751
167,104
90,680
$515,254
207,123
•;
1939
1940
1941
$512,308
railway.
railway...
oper.
the
on
July
on
ry.
Gross
18.
Net
Burlington-Rock Island RR.—Earnings—
August—
Gross
V:- •.'1942
from
This com¬
share
per
1, last/ and $2 on April 1, last. r Payments
during 1941 were as follows:
April 1, July 1 and Oct. 1, $2 each, and
Dec., 24, $6.—"V. 155, p. 2455.
77.
-7 ', .
with
pares
Gross
1146.
p.
no
From Jan. 1—
Co.—$3 Dividend—'
Net
Co.—V.
Koppers
had
redemption
from
Net
:■
value, to holders of record Sept.
par
no
Process
Oct.
on
company
common
August
Brooklyn Union Gas Co.—In Koppers System—
See
date
of
principal amount of bonds previously
not been presented for payment.—V. 156,
..
Net
r.v;\.-y; V'-.
Central Franklin
V:
,
1942.
After the redemption
such drawn bonds.
2,
any
$27,000
August
Gross
$1,685,948
$2,284,961
—
1100.
p.
for
Nov.
upon
1942,
Chicago & Illinois Midland Ry.—Earnings—
...
Total
i—V,
accrue
1147.
p.
633,183
*267,650
:
*409,822 <
income—.
♦Loss.—V. 156, p. 863.
4,641
.
$121,963
*21,128
*57,202
income—
shall
Sept.. 24,
From Jan. 1—
——-
1,000,000
575,000
Dr237,678
———
——__————
$133,145
railway.—„
railway..—
oper.
On
and, after
on
interest
1939
1940
68,850
'
1,000,000
Capital stock
•Earned
from
Net
11,385
deposits—,
debt—!
term
Net
13,575
15,934
32,781
.
—_——
Transportation sold but not used—Long
from
ry.
2,629
—
__
contract
Net
1941
1942
from
Gross
Net
■
—_
—
accrued
wages
Taxes
•—.—
$105,899
1,958
28,862
220,217
2,138
———36,597
*
:.—.
—:
render,
Lines in Vermont—Earnings-
August—
Liabilities—
New
Balance
Sheet, April
mortgages
York
City,
30, 1942
it-
of Manhattan, New York
improved real estate in Borough of
$946,469; investment in 5,000 shares of
real estate in Borough
on
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
Colorado <fc Wyoming Ry.
capital stock of Chemical Bank & Trust. Co.,-at cost, $223,750; account
due in 1943 (secured>," $16,667; preferred stoek of City
Investing Co. reacquired and held in treasury (par value $18,200), at
cost, $18,572; cash-in. banks and on hand, $3,404,098; accrued' interest
receivable. $3,711; sundry accounts receivable,-$3,192; prepaid taxes
and expenses, $49,954; total, $9,130,336.
receivable,
in respect of valuation of
$325,808; earned : surplus,. $278,238; total,
1148; '.%"■/■: ■.
■ ,:
$9,
mortgages,
130,336.—v.. 156,• p.
.
$3.50"
from
railway oper.
1941.—V.
Net
p.
160.
■
on
ry.
Net
$110,845
24,987
26,440
22,180
12,808
income___
10,984
13,282
15,473
3,679
859,508
113,552
864,924
753,689
912,634
p. 250.
no
The
stock
Oct.
holders
1
paid,
railway
ry. oper.
$606,920
572,460
231,519
181,459
dividend
of
$1
.295,223
July
4,621,268
3,808,173
5,681,487
4,477,283
Provision
2,963,995
2,201,082 ;
1,918,557 %
Loss
2,403,994
„
Colorado Fuel & Iron Corp.—Annual Report—
Earnings for the Years Ended
"
Jane 30
1942
:
Interest
1940
revenue..
oper
income
on
interest
Net
debentures
Other
inc.
of
1,915
$26,203
1,377,038
991;817 -V V
-
861,893
York
New
business Sept.
499,791
$3,812,5.99
99,585
$2,768,979
134,570
$758,745
$6,358,966
Int.
■-
bonds
gen. intge.
on
Int.
profit
$3,912,184
$2,903,549
$854,156 -
244,150
224,150
224,150
95,4111
5'/- inc.
on
;
551,760
:
551,760
/
debs..
♦$279,478
corporation...
1,212,984
122,268
199,266
343,496
$6,824,382
$7,842,358
1,012,555
$4,325,345
1,005,783
2,051,504
2.019,896
$2,584,280
income
income
tions'of
$3,319,562
$4,772,878
$5,822,461
deduc¬
subsidiaries.
905,711
899,041
1,811,271
1,774,346
$1,678,576
$2,420,522
$2,961,607
$4,048,116
1,256,237
2,427,138
2,530,221
$1,164,285
$534,468
$1,517,894
149,182
1,197,197...
$120,058
:
Net
income
$481,379
30
in
panies except the Spanish subsidiaries (Gas y Electricidad,: S. A.,
Electrica de Canarias, S. A.)
and the Philippine subsidiary
(Manila Gas Corp.), these subsidiaries being shown in the consolidated
Exchange suspended
dealings at the close of
(par $1) of company.
The Ex¬
the capital stock
balance
sheet as investments.
For
comparative purposes, the 1941
figures have been adjusted to exclude the operations of the" Philippine
subsidiary, which was - previously consolidated,
>■;
taxes
Net
State
-t
—
Jw. V
Earn,
sh.
per
stock
on
♦Less discounts,
-
plant
erty,
4
been
has
$2,288,318
$1,724,698
$4.06
$3.09
$1,744,869
$57,564
Sept.
165,172,000
149,943,000
$1,744,869
$57,564
Sept. ' 12„
—.—153,432.000
Sept.
5—.;——^—^..—:, 160,177,000
150,079,000
includes
=
tOn
for
'The
for Federal income
and
excess
.profits
the basis of existing laws.
by the Congress, when
computed on
taxes
Representatives is enacted
that
the
amount
'
$500,000,
•
.
into law without modification,, it is
of
such
additional
.
could
taxes
'
,
•
.
Consolidated. Balance Sheet, June 3ft,
term
debt, $73,282,133; property purchase obligation, due on demand,
$2,500,000; accounts payable, $1,606,722; customers' deposits, $1,154,542; taxes accrued, $4,202,169; interest accrued, $937,452; other cur¬
10.2
.
and
rent
weekly kilowatt-hour
territory
in
accrued
output
of
electric
energy
accounts
Output—
of
for
served
stock
$108,431;
deferred
of
undeclared
subsidiary
a
contributions
in
customers'
credits,
aid
$85,586;
construction,
for
con¬
uncollectible
dividends
cumulative
reserves,-
of
advances
$214,822;
other
$430,236;
on
reserves,
earned
plus, since Jan, 1, 1942, $636,503; total, $109,390,067.—V. 156,
sur-
p.
602.
week
ended Sept.
24,
1942,
amounted to
197,011,941 for the corresponding week
increase of 23,310,474, or 11.83%.—V. 156, p. 1148.
as
1941, an
the
$514,211;
other
$700,109;
reserves,
preferred
subsidiaries
liabilities,
$151,353;
compared
with
Consolidated Gas, Electric Light «fc Power Co. of Bal-
timore—Earnings-
esti¬
-
Community Gas & Power Co.
.
Period End. Aug.
SEC to Take Action
—
Total
Against Company—System and All Subsidiaries Up for
Hearing on Oct. 27—
,
1942
7.6
/
1148.
p.
22Q,322,415
exceed
not
150,470,000
-of thls corporation, adjusted to show general business conditions of
in
The Revenue
adopted, may t
consideration
contain retroactive provisions imposing additional taxes on net income
for the year ended June 30, 1942.
If the bill as passed by the House
mated
156,
% Increase
'
; ^Commonwealth & Southern Corp.—Weekly
profits
excess
1941
struction,
abandonment of prop¬
$1,782,500
19—_——
—V.
$0.10
$304,364;
funds,
oper.
Jl-
1942—8 Mos.—1941
1942—12 Mos.—1941"
revenues_-s $31,130,463 $28,175,042 $46,058,886 $41,627,936
Operating expenses
Depreciation
16,717,667
14,953,256
2,909,455
24,283,274
22,128,890
2,707,079
4,810,335
4,037,062
6,191,277
4,879,538
8,496,651
/ $5,312,084
$5,635,169
$8,468,625
;
,
"
Assets—Cash in banks and
hand, $10,657;100; cash deposited with
trustee for payment of interest on 5Si
income mortgage bonds pay-,
able Oct. 1, 1942, $275,880; U. S. Treasury tax: notes, at' cost. $1,363,694: notes and accounts receivable (less reserves, $319,731),. $5,119,284; raw materials, $2,549,965; work in process, $ 1,740,739; finished
gonds- .and
merchandise, $1,331,662; supplies,
$1,812,241; long-term
notes and
accounts receivable
(less reserve, $81,735), $68,830; other
ajssets, $363,788; mineral properties (less reserve for depletion; from
July 1, 1936, $1,339,780); land and water rights, $7,654,962; buildings,
machinery and
equipment
(less reserves,
$33,340,420),
$17,134,193;
emergency facilities (neti, $252,644; rolls, moulds and stools, etc. <neti,'
$861,777; construction in progress, $709,819; patents, trademarks and
goodwill. $1; deferred charges and prepaid expenses, $324,502; total,
•
$$2,221,080.
.
The
on
proceedings
instituted
company,
and
under
Exchange
both
Commission
sections
of
the
Sept.
on
"death
26
sentence"
Taxes
that
ordered
clause
:
be
Operating
against the Community Gas & Power Co., its sub-holding
the American Gas & Power Go., and their subsidiaries.
Other
respondents,
serving 41
communities
with
a
population of
1,472,500, and having total assets of $15,741,957, will be called for
hearing on Oct. 27 and have until Oct. 20 to file briefs.
Int.
following are subsidiaries of Community and American Gas
gas
utility companies within the meaning "of the Utility
Holding Company Act of 1935:: Lowell Gas Light Co., Minneapolis
Gas Light Co., Birmingham Gas Co., Savannah' Gas Co., Jacksonville
Gas Co., St. Augustine Gas Co., and Bangor Gas Co.
•
v!
Preliminary investigation has tended to show, the Commission said.^
are
that
of
Accounts
payable, .$2,650,981;
accruedi; liabilities,
$2,dividend payable Aug. 28, 1942, $140,905; accident com.-enaa-
the system was
three
V. .151,
.reserves,
deferred
$5,636,200;
credits,
& ;Southern
Ry.
/
The
p.
p.
single integrated one and that the presence
companies unnecessarily complicated the system.—
holding
242. '
not
,
tProfit
•
;
Indicate
bonds held by the RFC from
the present
41/, of which 2¥2will-be fixed and Vk'!, contingent.
Interest on the general 4y2s during the modification period would be
cut to 4'r, with 1V2ri>
fixed and 21/a% contingent.
A capital fund
established.-
Earnings For August and Year
August—
Gross
Net
Net
from
from
rv.
from
.
Date
1940
$567,591
1939
$604,746
'
261,826
213,009
176,460
178,383'
101,669
2,586
; 74,766
—
railway____
-
To
1941
$756,279
358,903
..
6,434,569
railway__r__„—2,118,931.
Net* rv. ©per
-1
iricome.__
"oper.
Froir. Jan. l
Net
1942
.
railway—$972,647
raihvay_l___V-
Gross, from
would be
■
•
incomei^_-
*Deficit.—V.
•
5,187,320
1,370,718
•lv;422,599"
641 199'
156, p. .864.'- -.... 1/-:
.
-
,
4,125,834
-508,671:
♦186,971
4,097,628
«'
890,941-
154,333
$4,265,656
$6,473,622
deductions"
income
Net
2,441,498
.
150,384
on
of
common
852,601
stock
_
852,601
1,278,917
2,801,753
pref. stock^-%
Divs.
$6,223,990
1,278,917
2,801,753
4,202,629
4,202,629
$383,541
Divs.
Balance
Earna,
1940
.
$611,302
$992,076
per
tl56,
$742,444
$2.92
$4.45
$4.24
share
com.
p.
$2.73
602.
■
,
.
1939
Stockholders
of
the
Consolidated'
Railroads
of
Cuba
will; hold
a
♦$176,161
♦$44,750
special meeting in Havana and stockholders of the Cuba RR. will hold
45,575
45,595
$1,547,212
$172,057
♦$221,736
♦$90,345
special meeting in Jersey' City on Oct. 30 in lieu of the annual
meeting.
The Consolidated stockholders are to vote, on reducing their
directors from six to five.—V. 156, p. 1046.
^
153,323
oper.
170,568
438,301
439,001
a
$1,393,889
m
credits
$1,489
♦$660,037
♦$529,346
127,451
122,796
147,521
$128,940
♦$537,240
.*$381,824
V:'
188,941
:
for
loss
$1,582,830
charges
d
profits
J
75-Cent Divi-
on Sept. 24 declared a dividend of 75 cents per-share
stock, payable Nov. 20 to holders of record Nov, 5, :
with 25 cents each paid on March 3, May 20 and
Aug. 20, last.
Payments during 1941 were as follows:
March 3, May 20
and Aug. 20, 25 cents each, and Nov. 20, 75 cents.
■
'
*
:■
The directors also announced that since the first of the year the
term bank loans of the company have been reduced by $2,300,000,
leaving an unpaid balance of $600,000 as of Sept. 24, 1942.—Vt 156,;
on
111,938
taxes /
-
260,000
34,811
•
95,819
7,707
♦$633,059
♦$389,531
3,800
:
$90,330
After
.
$335,602 in
depreciation of $330,272 in 1942, $330,833 in 1941,
1940, and $336,936 in 1939, and after provision of $41,607
$44,743 in
the
This
$1,210,891
in 1942,
Pay
v-The'directors
;
and
♦Loss.
Corp. of America-
-To
dend—Bank Loans Reduced—
p.
capital
compares
956.
1941 for deferred maintenance.
Crown ZeUerbach
.
to
year
102,815
prem.
bonds
Container
(net)
Prov.
•
requirement of $300,000 before contingent interest each
2,428,605
38,477
$4,037,895
of
amort,
$8,815,872
$215,984
43,927
charges
Profit'
i.
Profit
1, 1945, to Jan. 1, 1955.
The company has retired $909,600
original $29,935,000 of these bonds and has purchased $1,000,000
bonds, pledging same with the RFC. Under the plan the road
is obligated to purchase the balance of $27,015,700 from the RFC on
or before Jan.
1, 1955.
■
The maturity of $8,000,000 of 4'-V promissm*y notes of Denver City
Ry. will b9 extended from:Oct. 21, 1946, to Jan. 1, 1955, and the 6%
notes of the Fort Worth &. Denver Northern, pledged with the RFC,
will be extended to the same date. ' During the interest modification
period the RFC will not collect interest on any securities pledged
with it to secure obligations of the company and subsidiaries.
*
< Interest
on
the refunding bonds held bv the RFC will be reduced
41/2';
536,4163
55,293
Profit
the
from
1,662,844
60,128
,
Consolidated Railroads of Cuba—Stockholders to Meet
1941
r
$1,602,505
expenses
May
of
1942
operations
gen.
Net profit from
Income
and
maturity
1,618,717
543,283
$9,005,042
,
.
of the
'
&
,
B^nk Trust. Co, had indicated their acceptance of the plan and that
officers of tl)e Equitable Life Assurance Society would recommend its;
acceptance to the board. ' These institutional groups, exclusive of the
RFC, hold mb)re than $5,000,000 of the general mortgage bonds.
•The plan would extend maturity of $28,015,700 of refunding
and
of
from
Admin.
Income
interest modification plan of the road indicate its adoption by bond¬
holders.
In a copy-of the plan released Sept. 24 by the Securities and
Exchange Commission: it. was stated that the Reconstruction Finance
Corporation, the Prudential Insurance Co. of America, the New York
tdfe Insurance Co. and a group of savings banks through the Savings
extension, 4t^>
.
-Earnings-
'
substantial
331,808
$5,966,977
.
Years End. June 30—
common
'
404,676
$5,716,739
7,189,395
$8,272,589
i
a
Compania Cubana
$13,321,893;
1148.
is from the New York "Sun," Sept. 24: )
amount of acceptances to the bond maturity
The following
:
156,
Bondholders
—
Adoption of Plan—
$38,952;
capital surplus,
$5,548,681; total, $52,221.080.—V.
Colorado
t
;
$3,343,221;
<563,620 no.par shares),
&.
on
Other
—V.
payable, $81,912; provision for Federal and State taxes on Income,
$3,190,923; general mortgage, bonds, due Feb. 1, 1943, $4,483,000; acci¬
dent compensation payable after June 30, 1943, $191,000; funded debt,
$11,035,200;
_X
income
.
tion
stock
f;-=
income
income
-Gross
The
and
.
earned surplus,
'
:*:■>.The
Liabilities
-i
558,212;
Securities
Balance, Sheet, June 8ft,
Assets—Lands and plantations, $4,722,565;
Corp. (& Subs.)-r-Annual Report-
IJMtJ
mills,, railroad lines,
rolling stock and other equipment (less reserve for depreciation, $8,949,052), $4,626[129; mortgage receivable (less $49,915 transferred to
doubtful accounts), $410,101;
cash,. $70,122; cash guaranty deposits
(contra), $12,900; accounts and claims receivablej $62,315; Hue from
The Cuba Co., current account, $1,412; sugar on hand and in liquida¬
tion
(less
reserve
for
shipping
and
selling
expenses,
$349,353),
$2,921,889;
balance
receivable
for molasses sold
(less
reserve .for
shipping
expenses,
$2,312),
$91,869;
advances
to
Colonos,
instal¬
ments receivable on town lot sales, etc, $594,095; The Cuba Co.; (special
account),. $150,000; deferred charges, $74,575; total, $13,737,972.
; '
sugar
Years Ended April
30—'
•
Net-sales
Other
1942
1941
1940
$86,336,150 $66,217,406 $56,526,576
operating
income
1,365,798
(net)
1,833,929
1,594,383
$87,701,948 $68,051,335 $58,120;959
expenses__^^^„-__-; 63.628.174; 43.943.901 - 43,201,079
3,834,108
3,599,520 ' 3,456,010
Depletion
i.i—■
785,827
810,836
697,575
Gross
Cost
income
and
Depreciation
Profit
Divs. from Fibreboard Product?. Inc.
$19,453,839 $14,697,078 $10,766,296
750,495
562,785
468,930
,
; Liabilities—Capital
loans,
due
767,331;
June
30,
accounts
stock
(320,000
1948,
$3,975,165;
no
par
notes
shares),
and
$5,977j(^02; bank
loans
payable to The Cuba RR. Co.,
Northern Rys.; Co., $68; accounts
$2.accounts
payable,
$2,900;
payable to Cuba
and wages pay¬
able, $21,673; taxes payable and provision for profits taxes, $268,610;
guaranty depos'ts received
(contra), $12,900; reserves,
$95,583; de¬
ferred
credits, $5,629; surplus, $610,512; total, $13,737,972,—V, 154,
p.
451.
Total
Minority
U. S.
*
The
Bankers Trust Co.,
gage?'/ -sinking
for
redemption
as
Provision
fund bonds, series A, -dated May 1, 1921, has called'
Nov. 1, 1942, for -sinking fund purposes, $243,500
on
principal amount1 of :,said*bonds at
104Vg
and accrued interest.
•
Pay-
for
prof, taxes
contingencies-———
profit'-
______
——
dividends
dividends
_
——
71.8Q9
86,629
♦3.800,000
3,693.000
2.047,240
♦4,984,000
2,000,000
2,025,000
157,567
$9,108,801
$8,866,287
^8,119.494
2.648,275
interest /.—-i.—----
and Canadian income tax—._
Common
trustee for the first and refunding mort¬
etc.
U. S. and Canadian exc.
Net
.Connecticut Light & Power Co.-n-Bonds Called-—
$20,204,334 $15,259,863 $11,235,226
214,686
603,767
824,296
income
Interest,
Preferred
;
.
cash,
ticipating stock ($1 par), $1,480,000;$6 cumulative preferred stock (no
par), $2,088,700; long-term debt, $73,282,133; property purchase obligapar),
$18,297,300; preferred stock of subsidiaries, $2,088,700; long-
12.4
-
1942
sinking
expenye;"$i;2-23:88$r'otheT-deferred"'debrt5;-$'34t,-94er"tcrtiai",-^$109,390.&&7—'
2.2
142,529,000
1942
\
<
,
i/ww :161,546,000 r
Sept.
'
Sheet/ June 30,
etc., $98,023,300;
perceni.age.^OBrpft^isotts-T-w^-l^t-^art-
Week Ended—
563,620
returns and allowances.
under
1942
increase over that
17,650
(■■ ■;.
Act of
of
.and-
Balance
plant,
deposits,
totals of the past four weeks
382,500
; :
com..
Note—The •provision
1942
$2,580,135
986,335
equipment.'
and
taxes.
838,300
$4.58
paid
Surplus
7.6'/
a
utility
$3,065,894; construction fund cash,
$314,674;
special ;
$101,934; accounts receivable, $3,508,784; materials and sup¬
plies, $2,299,878; prepayments, $205,405; unamortized debt discount and
of companies
group
Kilowatt-Hour Output
$1,593,800
profit
Dividends
.
.
'
12,981,500
income_^._J._
on
for the week ended Sept, 26, registered
the corresponding period last- year.
general
—
Following"dre the kilowatt-hour output
.$936.^;....^404.
for*' Fed
Prov.
.Assets—Net
'
of the Commonwealth Edison
and
Union
Commonwealth Edison Co.—Weekly Output—
<
itm
—"270"
1942—12 MOS.—1941
•
00,431
$29,124
103,114
(&' Subs.)—Earnings
$3,598,841
'
v
7M
551,760
•
on
$7,498,862
accruals...
res.
Gross
Distribution, Inc.—Off List—
Curb
Electricity output
•
zzzizzzr ...—20,485' t——2t;253
Other "interest
150*
mtge.
bonds'
•
;;
994
.
N. Y„
3,268,542
Consolidated
Total*
7':'''
York,
$6,625,116
_
income
Retire,
change was advised that the stock transfer books were closed perma¬
nently Sept. 30 in view of the imminent liquidation of the company.—
V. 142, p. 3844.
$6,264,371
94,595
profit.
operating
Other income
died in New
Note—The above consolidated statements include all subsidiary com¬
The
*
the - corre¬
'
for
,
754,057
160.
Commonwealths
:
relining- & re¬
building furnaces, etc.
kwh,
$4,203,077
55,333
$382,592
p.
15,
2,239,222
444,624
1,218
.
,
•Net
prof.
income—net
Gross
88,961
412,072
loss
♦Deficit.- -V.-156,
>
Prov. Tor
and excess
483,155
28,350
_
on
share on the
Sept. 30.
This
per
$3,536,410
306,763
118,782
...
taxes
Income
1939
$52,130,923 $39,241,034 $31,864,811 $22,095,139
Cost of sales & expenses
42,472,321
19,564,329
32,888,285-26,859,247
289,261 v
315,323
123,649
242,750
Depletion
1,217,990
1,338,809
1,131,942
1,148,626
Depreciation-- /I.
:___•
Amort, of emerg. facil.
363,060
41,082
•
&
before
$1
record
extra of $1.40 on July
$18,160,486 $15,623,830 $33,275,355 $28,702,694
4,772,883
8,417,279
6,867,766
3,931,023
5,632,553
10,999,621
4,975,758
9,658,389
878,878
755,521
1,780,673
1,516,342
1,100,540
1.948,351
1,004,394
2,184,124
purchased.
1,761,851
.
income
income
of
of
1942—6 M03.—1941
revenues.._
gas
General
23,267
depreciation.:
an
1148.
Maintenance
1941
337,347
..,.:.
——.—..I.:
for
holders
to
Assistant Treasurer,
p.
,
.
Subs.)
(Incl.
1941"
©per.
Total
Net
'
156.
$3,094,410
.
foreign exchange—;
on
dividend
a
Consolidated Electric & Gas Co.
and
$1,
1942
,
for,U. S.
Provision
15
7
Root,
Period End. June 30—
Total
(& Subs.)—Earnings-
miscellaneous expenses™,—
Federal income tax
General .and
Non-operating
''Sales
the
on
$302,745
7,224,998
4,293,693
3,720,758
8,093,141
A.
30,—V,
Natural
-
railway.-..
N.et from
;
1,
revenues.—'$2,755,209
Other taxes:
railway——
Net ry. oper.. Income...
—V. 156, p. 864.;
from
share
per
Expenses .of operation...—
1,827,765.
Maintenance and repairs...1—360,770
iFrom Jan. 1—
Gross
Oct.
regular of 75 cents and
a
Other operation
328,255
482,542
company.—
•
—
$950,113
trust
Obituary—
Sept.
-
1939
639,777'
income—
117,967
1941 were as follows:
April 3, 50 cents;
Sept.. 29 and Dec. 24, $1.25 each.—V. 155, p. 2455.
operating
the
to 142,800,000 kwh., compared with 145,300,000
sponding week of last year, a decrease of 1.7%. -
198,856
27,826
during
$610,865
511,526
-•
from
Net
a.
of
The company on Sept. 30 announced that sendout of
,the /electric
plants of its system for the week ending Sept. 27, 1942, amounting to
162,100,000 kwh., compared with 158,500,000 kwh. for. the correspond¬
ing week of 1941, an increase of 2.3%.
Local distribution amounted
of record Sept. 30.
This compares with
1, last,, and 50 cents on April 3, 1942.
Payments
Commercial Mackay Corp.
1940
1941
$1,059,602
railway—.—
Net
103,693
90,545
Inc.—$1 Dividend—
on
to
75 cents paid on July
V"-/
/-i
corporation
common
value,
par
declared
payable
with
William
Columbia Mills,
Total
1942
August—
>
178,651
30,318*
6 Mos. End. June 30—
Gross from
1939
1940
'•
income—
office
Consolidated Edison Co, of New York, Ine.—Output—
$92,953
oper.
ry.
York
and a dividend of 40 cents on April 15, 1942.
During 1941 the
following payments were made:
Jan. 15 and April 15, 75 cents each,
and July 15, Oct. 15 and Dec. 30, 40 cents each.-r-V.
155, p. 2455..
-Earnings1941
oper.
New
last,
254,141
156, p. 778.
Clinchfield RR.— •Earnings-
•
390,428
;
payable Oct. 5 to holders of record Sept. 23.
This compares with $1.25
paid on June 30, last, and $1 on April 2, 1942.
Payments during 1941
were as follows:
April 5 and June 20, $1 each; Sept. 25 and Dec. 3,
156,
528,796
282,862
$115,063
railway.—"-1
Net from railway——.
'V:./;;.:i .v^7
the $5 cumulative preferred stock,
$1.50 eachj and Dec. 22, $1.—V.
523,905
198,784
1942
from
Gross
dividend of $1.25 per share on account
a
compares
$120,427
From Jan. 1—
Cleveland-Cliffs Iron Co.—-$1.25 Preferred Dividend—
;
'The directors have declared
of accumulations
887,153
railway—'_/.L
from
Net
the
have
stock,
1,077,211
income——T-—
'
from
at
956.
directors
.
1,206,296
railway.—
August—
on
156,
The
common
Columbus & Greenville Ry.-
.
:
the $7 cumulative first preferred stock, no par
valued payable Oct. 15 to holders of record Oct. 10.
Like amount was. V
paid on March 31 and Juljt 15, last.
ArrearageSj .it is said, will amount
to $70 per share- after tife Oct. 15 payment. /;
i-y'v tA distribution of $1.75 per share was made on the preferred stock
in'
27,618
be.made
p.
Consolidated Car Heating Co., Inc.—$1 Dividend-*-
43,858-
—v.] 156, p. 778.
'
-
share on account \
per
$111,656
70,878
32,623
•
railway——:
railway.-—-———_
Net
Cleveland Automatic Machine Co,—Accrued Dividend
;
1—'•'
Net
..,
,ThO' directors have declared a dividend of
$137,660
74,992 '
40,357
.
from
Gross
Gross
ofr accumulations
$156,112
___
income
will
156,
1940
real
contingencies
for
reserve
oper.
Prom Jan.
,
and
1941
:
non-cumulative preferred stock ($100 pari, $300,000;
common stock ($100 par), $8,000,000; accounts payable, $4,436; accrued
liabilities, $45,146; rents received in advance, $u72; reserve for Federal
taxes
on
income,
due as instalments of mortgages
are
collected,
estate
railway-:.
railway—'
Net railway
Xiabllilies—T^
$175,677;
V.
1942
from
Net.from
..
.
mcnt
-Earnings-
August—
Gross
1235
2,648,275
2.648,275
2,261,199
2,261,199
2,261,199
96,847
—
$4,199,327 $3,956,813 $3,210,020
Earnings per common share—_—
$2.85
$2.75
$2.42
^♦After-deducting $495,000 over-provided in respect of prior years._
Surplus
FINANCIAL CHRONICLE
THE COMMERCIAL &
1236
Consolidated
Balance
Sheet,
April
j
l!) !;!..1'•
SO,
banks, $4,905,253;
Dominion of Canada Victory Loan Bonds, at cost,. $948,696; trade
motes and accounts receivable, less allowance for losses, $11,505482;
finished products, $9,140,063; goods in process, $927,558; i*a\V materials,
$3,778,706; supplies, $3,215,376; other accounts Receivable,; less allow*
ance for losses (including dividend receivable of $117,232 from Fibreboard Products, Inc.), $477,820;
investments and receivables, other
than
current,, $5,459,011; bu.ldings, machinery and equipment
(less,
reserve? for depreciation, $43,789,648), $37,907,700; land and timberlands (less depletion and amortization), $22,591,908; intangibles, include
"ing water power-leases (less amortizartioniy-water rights, etc., $7,228,880;
Assets—Cash
hand
on
deposits
demand
and
In
Denver & Rio Grande Western
Trust Wants Plan
ers
accident
sundry*
on Sept. 25 asked the
to modify its plan of reorganization
increasing the amount of common stock and'allocat-:
ing the increased amount to the general mortgage bonds so that their
Commerce Commission
for the railroad by
holders will receive at least five shares of
new
stock
claim on the general mortgage bonds.
is
under
The
y
$103,094,231.—V. 156, p. 513.
company
Detroit & Toledo Shore Line
the general mortgage.
1
deterred
■
total,
charges,. $1,115,847;
$199,202,000.
payable, $4,357,049; accrued payroll, in¬
terest and other expenses, $1,256,349; accrued U. S. and Dominion of
Canada taxes on income (less U. S. Treasury tax notes and Dominion
of Canada certificates,
$3,905,800), $5,568,370; other accrued taxes,
$997,442; other current liabilities, $408,385; notes and contract payable
subsequent to April 30, 1943, $5,188,664; reserve for wartime and other
contingencies, $2,000,000; capital stock of subsidiaries in the hands
of the public, $1,238,515;
$5 cumulative preferred stock (529,655 no
par shares), $52,965,500; common stock ($5 par), $11,305,995; surplus,
$23,915,731; total, $109,202,000.—V. 136, p. 957.
accounts
Liabilities—Trade
Profit
from
and
Admin,
TJ.
S.
'
It
and
taxes..
of
of
ry.
$41,960
356
$30,005
159,600
34,543
$42,315
159;600
34,543
9,964
9,964
9,964
$40,043
223
railway—
31,243,139
18,267,358
11,762,696
3,304,579
15,907,742
2,437,570
240,990
14,825,733
1,651,529
*361,114
$137,910
159,600
$40,266
159,600
34,543
9,964
.1,473,153
Int.
funded debt
on
Int.
y
loans
on
of
Amort,
...
payable
_•
discount
of
Depiec.
-y
Extraordinary
expenses
charge.
.
$78,267
$180,791
80,336
1,233,278
118,770
105,400
1,668,207
1,359,055
412,570
605,637
217,995
406,880
1,348,149
273,671
453,924
18,859
155,000
from
Net
from
Net
ry.
$197,343
175,000
$176,825
3,401
credit..;
loss
and
54,194
railway.—
railway.—
ry.
Gross
oper.
loss
were paid on Jan. 30, April 30 and
July 31, last, and in
quarter during 1941.—V. 155, p. 1598.
:/./•■'
■'
Dec. 28,
■■
bldgs., bldg. equip, (less deprec.)
Machinery & tools (less depreciation)—^
Land,
furniture
Balance
Assets—-Stocks
&
8,001
5,002
200,000
securities.—1,541,144
misc.
150,000
1,501,218
/' ; 1,211,687
Government 'Securities--;
Accounts
Accrued
(less
$851,823;
lands,
$17,398,735;
value,
total, $18,642,365.
,\y '
'
XlabUrnes—TT'"CiriTnilative---'preferrcd -stock
par-shares)-*-
f25,000-
($1 par), $640,000; funded debt and other
long-term debt, $7,256,660; accounts payable and accrued expenses,
$1,166; taxes payable, $37; Compania Cubana (current account), $1,412;
due to. holder of bank loans, $139,964; other liabilties, $500; deferred
credit item (rentals collected in advance), $3,817; capital surplus, $8,502,400; operating deficit, $403,590; total, $18,642,365.—V. 154, p. 451,
$2,500,000;
Total
267,698
'
■
payable'
.
,
Sales
....
of
Cost
____
6,932,125
5,059,621
1,957,574
9,101,103,
3,445,744
goods sold:
Operating
expenses
2,629,599
$1,681,765
23
$806,805
Cr15,739
$435,582
1,743
V.
1,046,500
318,000
75,800
profit J*!.—0$635,242 .....*8504.544
Dividends paid
255,003
255,003
*$358.039
p.
inc.
Net
■
255,003 "
from
railway
curities,
July
Sheet,
1942
31,
accounts
$137,800;
payable,
taxes
Delaware & Hudson
August—
tions
Gross
from
Net
from
Net
ry.
railway.—.
railway..
oper.
income
$3,340,509
from
Gross
Net
from
Net
ry.
—V.
railway—
29,974,829
10,443,864
5,833,548
railway——
oper.
income--
Delaware
$2,363,928
755,334
5,453,372
&
3,554,716
units
500,000,
for
payment
including
interest,
of
back
ry.
Gross
;
terms
of
lease
agreements,
.
pending
/V- 'V
..
■■■•'
of
the
"
Mr.' Correa
that
alleged
Lackawanna RR. of
the
New
owed
Jersey
taxes,
including interest, approximating $900,000, while the New
York, Lackawanna & Western Ry. owed back taxes, including interest,
of about $1,600,000.
Both;companies lease property
lease
agreement,
stated
agreed
rate of interest
Mr.
Correa
leased
the
explained
of
facilities
to the D. L.
that
the
smaller
that
those
companies had
the
L.
&
W.
—V.
had
Earnings For August and Year
Net
Net
from
from
ry.
railway
from
-
had
railway——
.
.
an
.
to
■
1Q40
1010
156, p.
78.
of
Prov.
& Ironton
The
2,655,976
73,537
54,283
railway—
2,702,461
2,146,075
1,705,510
1,395,459
736,063
549,284
539,808
392,328
1940
$486,645
an
$444,610
282,984 "f ; 171,865
154,554
5,527,347
6,054,918
4,875,444
4.109,839
2,341,419
3,271,605
2,249,661
2,025,259
1,480,524
1,135,163
1942
1941
paid
,
—
Gross
admin,
exps..
depreciation—
See note
See note
$9,892,904
2,256.893
2,323,626
2,663,340
$18,091,080 $10,307,672
income
operating
Total
Other
income
Interest
1,744,460
1,542,680
2,262,697
1
159,395
89,700
8,740
1,533,467
678,590
88,642.
Drl55,896
Cr24,190
Dr85,967
$7,770,547
300,000
300,000
$4,178,485
300,000
3,660,979
3,328,162
3,095,765
2.965,482
$7,159,167
$4,142,385
$6,131,058
in
$7.14
$6.58
and $40,416
1942
$3,763,402
$913,003
$6.65
1941
in
for
$3.95
excess
profits
provisions for depreciation and the amortization of emer¬
defense facilities amounted to $3,628,103
Assets—Cash,
$6,291,791;
doubtful
notes
receivables,
billed amounts receivable from
in
and $3,370,026
respectively.
and
accounts
$240,593),
receivable
$9,462,828;
billed
agencies of the U. S. Govt.
(less
debentures
taxes
43,561
45,396
1,074,088
942,991
718,080
etc—..*—
normal &
and State
excess
taxes
reserves
$784,482;
total,
for
on
1,500,000
950,000
112,900
——.*-—1—-—$923,170
$960,992
$410,309
dividends
per
com.
16,467
'.
banks
and
and
notes
Balance
88,407
$1.05
$0.43
Sheet
' May 31, '42 Nov. 30, '41,
....
hand.„_l—
on
,16,467
176,815
,
$1.01
Assets—
Cash in
16,467
177,315
share
Consolidated
$1,965,656
Other
assets
Fixed
aasets
Self
Other
fund
6,343,444
1,042,471
.
815,048
11,082,883
106,068
securities..^..—...
134,304
stock—at
cost......
.
—
•
•
,
-
36.244
113,112
113,112
492,772
1.
Prepaid & deferred charges..—....
Patents, goodwill, etc.....
...
r
3.52L
50,006.
,
11,016,837
...
investments
Treasury
4,571.673
/
131,468
.
(net)....———
insurance
$1,783,022.
receivable
(netI3,868,800
Advances on purchase contracts..
2,477
U. S. Treasury tax anticipation notes—at cost
50,039
Inventories
—7,796.007
497,431
.
1>
1-
Total—$26,613,944 $25,402,453
indebtedness
(iess
re¬
Purchase
money
and
un¬
Accounts
payable
(other than,
cost
value
61,949
$1,286,685
dividends
Common
Bank
of
charges,
75,508
$2,897,544
,
Liabilities—
1942
and
$761,563;
$1,224,736
1942
product), $1,263,793; inventories, $12,194,383; invest¬
sundry receivables, $3,205,483; plant properties and equip-,
(less reserves for deprecation and amortization, $27,248,905), $68,356,270; housing properties—at cost (less reserves for
depreciation and amortization, /$160,73L), $1,469,528; patents—at cost
serial
108.624
$2,822,036
$3,566,398
69,141
indebtedness
Fed.
profit
Accounts
■
nom'nal
164,224
$3,453,766
112,632
,
*1,999,248
Consolidated Balance Sheet, May 31,
or
1,008,215
$1,116,112
213,660
171,866
269,878
$9,221,486
300,000
...
Net
Earns,
1941, and $3,075,568 in 1942 and $406,818 in 1941,
ments
1,160,153
$2,657,812
Northeast
income...—
depreciation,
Preferred
-
,
$5,260,507
sale
10,500,972
$2,124,327
$3,240,106
——
taxes
$6,556,173
Earns, per sh. on com. stk.
the
14,843,162
$3,817,965
Co
bank
on
Depletion,
$10,772,157
Balance
for
—
June 30.'41 June 30,'40
18,078,392
income
—...
dividends
for
income
income
profits
'
serves
regular quarterly
$4,437,330
1,197,224
income
Total
1,243,788
_.y
Note—The
May 31,'42
profit—
net operating
$5,312,385
Preferred dividends
in
a
$20,515,722 $18,-661,127 $12,625,299
income——
RR.
Oklahoma
1,488,135
■
—•
J
—
$9,284,022
experimental 1
*Includes
dividend of 50 cents per share on
14.
A like amount
on March 2, 1942, the company
a
manufacturing costs.
operating
2,239,237
2,026,113
289,964
284,980
Prov. for Fed. inc. taxes *10,079,126
Minority share of profits
and losses of subs, cos,
Dr241,636
-
j
:
while
—'
-
&
operating
$20,117,193 $12,546,908
oper.
funded debt
Miscellaneous charges..
tax.
last,
Expenses
1939
$22,021,064 $13,950,537 $14,764,387
3,929.984
3,642,866
2,817,025
exp. on
Net
paid
1
1,
dividend of 10 cents per share and
share.—V. 155, p. 1406.
sales
Net
.
1940
Int. & amort, of discount
&
June
Ended—
Months
Provision for
Gross
Sept.
on
on
extra
Production
&
from
:-
/
^
returns.
profit
Profit
*65,556
Eagle-Picher Lead Go. (& Subs.)—Earnings—
6
Net
(& Subs.)—Earnings—
90,259
182,463
40 cents per
Net
1,727,873
1,267,068
31—
;/ *■■'.
325,671
*
1939
1941
$620,464
87,348
income..
income.—
156, p 064.
company
also
Quarterly div.
Dividend
amortization,
$50,101),
$65,673;,
$103,094,231.
on
813,750
.....
'
2,614,753
balances......—
for
Reserve
74,672
Common
3,610,313
self-insurance
for future decline
stock
;
in
8,234
88,658
/
indebtedness
Reserves
898,664
1,362,872
8,234
stock..
.——
Deferred
G'/*1 cumulative
spec'al deposits for purchase of product, $635,060;
Sept. 1, 1942, $750,000; payrolls accrued,
,
$500,000
1,597,198
.....
—
pfd. stock..—
common
Customers/credit
$1,500,000
*
obligation.—
on
liabilities
Accrued
Capital
3,531,470
30,430
income—
the common stock, par $20, to holders of record Aug
of
RR.—Earnings
83,673
railway
for
117,880
,
$407,045
Duncan Mills—50'Cent Dividend Paid—
was
170,628
M&y
83,511
oper.
Earned
7,340,732
and
139,155
of
1942
1939
$253,406
1940
$280,148
54,720
-*J.qss^.V
336,622; customers'
7,123,65 8
Ry.—Earnings—
1941
$361,315
141,429
from
Liabilities—Notes rayable—banks. $1,000,000; accounts
payable—trade
and sundry, $4,730,242; Federal income and
excess profits taxes, $10,-
6,635.297
-
railway*.—
oper.
ry.
149,865
31,345,597
5,038.767
3,468,091
railway
from
.363,034
7.395,547,
j
ry.
deferred
,34.052.210
10,148,310
6,984,655
railway.——
Net
591,999
12,151,105
15,464.101
10,627,849
4,385,370
111,675
from
$3,800,529
39,628,003
18,078,500
.
from
Net
815,617
15.278,045
1,740,732
10,475,926
August—
Gross
$4,165,710
47,151,666.
2,522,330
16,501,648
railway
oper. income
156, p. 779.
Distribu-
last,
freight). $78,359,997 $46,907,950 $37,743,547 $26,762,282
sales——
56,338,933
32,957.413
22,979,159
16,869,378
ment—at
To Date
and July 20,
income..
rentals
opportunity
April 20
243,951
oper.
Gross
result being
;
Net from railway—.
Net ry. oper, income...
—V. 156, p. 1043..
1941
$5,446,215
1,755,716
979,194;
1,042,808
2,130,881
income
From Jan. 1—
Gross
1
$6,317,684
railway—,.
oper.
years
paid
3,209,779
23,032,381
Duluth South Shore & Atlantic
1931.
$637,873
(net
gency
the
1,102,695
from
Net
156, p. 864.
Cost
no
companies before the Government
liens against those companies.
railway
allowances
a
Court's
August—1942
Gross
companies
many
and
companies,
lessor
file tax
for
companies
smaller
the'
which, under
money with which to pay income taxes
decision on April 2,-1942,-he said, it was
Government sue to enjoin payment-to stockholders
Circuit
suggested that the
of
D.
railroad
directly to the stockholders of the
Under
& W.
to pay stockholders of those
the psr value of their stocks.
on
on
and Oct. 31,
from railway—.
Common
'
back
made
were
16
expenses
determination
1939
1940
27,904,496
railway—
Net ry.
—V.
common
...
Research &
taxes
Alfred G. Coxe signed preliminary injunctions enjoinring any stockholder payments on the part of the D. L. & W, out of"
any rentals now due, or hereafter payable to the two other companies
the
from
Net
the
railway—...
from
ry.
Starts
.
under
on
however, declared the regular quarterly dividend cf
share on the preferred stock, payable Nov. 16 to holders
oper.
Net
Federal Judge
suits.,'
action
no
ordinarily be declared abouf This Time.
each
1942
from
Net
begun in
U. S. Attorney Mathias W. Correa against the D. L. & W„ the New
York,J Lackawanna & Western Ry., and the Lackawanna RR. Co. of
New Jersey.
•
y ■
y •
were
92,325
From Jan. 1— \ ;
approximating $2,Federal Court Sept. 30 by
income
cents
Other income
RR.—U. S.
1941
From Jan, 1—
Sept. 29 decided to take
on
Nov. 5.—V.
from
Net
accrued,
Tax Suits Against Road and Two Leased Lines—
Civil
28,841
per
Net
'
'
Western
103,786
47,601
15, June
Selling &
1
Lackawanna
515,090
16,439
AugustGross
15,828,344
4,564,900
3,046,836
17,531,191
5,018,371
1942
i
railway—
oper. income—„
paid
,
21,615,296
7,368,529
156, p. 426.
513,507
75,150
Detroit Toledo
1939
$2,111,165
633,829
385,260
561,136
,
500,196
160,142
102,338
Dow Chemical Co.
1,413,861
From Jan. 1—
610,878
.Years Ended
1,078,465
ry.
directors,
cents
record
$1,219,932; total,
1940
4,121,922
$6^,148,m....$4,434^858 ..$2,838,647 ..:;
4.668,240
3,915,975
3,253,469
2,018.975
from
12,435
10
of
Sales
1941
•
20,969
23,096
March
of
RR.—Earnings—
1942
$4,108,309
1,534,161
742,231
<
31,271
2,299
dividend which would
accrued liabilities, $259,393; land contracts payable—current
installments, $22,200; deposits on merchandise, $1,632; reserve for
Federal taxes on income current
year,
$1,046,500; deposits on em¬
inventory adjustment, $200,000; surplus,
$4,332,128.—V. 154, p. 332; V. 152, p. 2064.
'
Net
Gross
$136,890;
for post-war
$75,905
Detroit-Michigan Stove Co.—Omits Common Div.—
on
ployees' stock purchase contracts, $3,255; land contracts payable—
future installment, $47,696; common stock ($1 pan, $850,000; reserve
$86,468
10,219
oper.
50
and
1939
$72,956
40,816
The directors
>
payable
3,915,366
Duiuth Missabe & Iron Range Ry.—Earnings-
Net
1940
1941
'
32,772
from
ry.
with public utilities, $600; pre¬
$544,629:
13,741.875
•
—
August—
-Gross -4r«m rs41way-»^
Gross
income—
railway—4.
railway——.
income.
—V. 156, p. 957.
paid .insurance taxes and other expenses, $123,370; property, plant and
equipment (less reserve for depreciation, $211,294), $643,566; unamor¬
tized improvements to leased property, $140,929; total, $4,332,128.
■')
Liabilities'—Accounts
expenses.—
Ry.—Earnings—
$99,507
«.
from
Net
banksr$440,956; U. S; Government se¬
receivable—considered good, $6,614; mer¬
chandise inventories, $2,838,294; deposits
.•
From Jan. 1—
Net
hand and in
on
other
and
cost
railway .....J
oper.
The
Balance
Asset#—Cash
labor
1942
ry.
Gross
of common stock in
■
increased
to
Detroit; & Mackinac'
Net
share
•Equal to 74 cents pev common shares in 1942. 59 cents per
1941 and to 42 cents per share in 1940.
13,741,875
—
—$19,528,211 $20,951,336
—V. 154, p. 1376.
Net
due
August
$219,753
1M775T
Fed.
'peakr'Mirr.
427.
156,
47,100
expenses
for
Prov.
2,675,000
From Jan. 1— ';
$268,478
1,625
tax
operating
Other
170,146
1,478,000
Total
President.
1929
said/
-
1,607,027
profit.
(net) —
Net
157,817
—
(392,625 shs.)
Surplus
have only $4,000,000
p—
Robertson
1939
$6,113,319
4,237,314
1940
$7,452,777
$242,393
$235,153
allowances, etc...
—.-
Net
1941
$14,228,612 $10,368,529
1942
stock
Capital
-
Davidson Bros., Inc.—Earnings—
31—
plus interest $782,000 of
of Jan. 1, 1943.
The bonds
S. Peterson,
8,303
$,19,528,211 $20,951,336
....
Reserve for doubtful accounts,
Reserve for taxes
101
at
corporation, according to Howard
Gross from
Years Ended July
call
to
3,716,731
interest
115,414
outstanding.
The call will mean a yearly saving of $39,100 in interest.
Mr, Robertson pointed out that revenues of the corporation are up
40")
over the corresponding period in
1941.
-
stock
common
decided
6,000,008
3.881,058
6,601
receivable—-
notes
Liabilities—
After these bonds are called the corporation will
$161,110; cash, $160,530; accounts receivable, $2,674; cash in trust for
debenture holders,
$450; other
assets, $600; deferred debit items,
$66,443;
the
of
$144,556),
for depreciation,
reserve
have
944,368
■
6,000,000
—3,386,685
2,869,549
&
Inventories
general and refunding mortgage bonds as
to be called are part of an issue of $6,443,500 issued in 1925 to mature
in 1950.
The bonds will be redeemed from cash from the treasury
v/-':
Sheet, June 30, 1942
book
at
improvements
and
buildings
owned,
directors
2,747.966
fixtures
&
'40 Dec. 27. '41
$1,669,340
3,075,316 '
$1,556,579
-
stocks
Accounts
The
dividend of 10 cents per share
extra
Cash;
Denver Tramway Corp.—To Retire Bonds—
$22,348
$21,825
$161,932
$74,865
—
■
quarterly dividend of 30 cents i>er share on the
payable Oct. 30 to holders of record Oct. 15.
both
•
Net
is
r
an
Mill
$186,642
84,058
104,787
income—
—V. 156, p. 513.
10,348
10,413
11,318
6,603
4,621
10,465
y/——1,463
,
;
loss
Total
Profit
$225,217
83,406
compared with 50 cents
as
Draper Corp.—Balance Sheet—
From Jan. 1—
10,348
1,722
—.
loss
and
Profit
$237,861
last,
have declared
stock,
Assets—
i
1939
92,692
railway..—
railway—'
oper. income...
1940
Co.—43%-Cent Dividend—
paid a dividend of 43% cents per share
$25* to holders of record the same date.
A
30
par
The directors
Patents
1941
from
Net
Net
'
Like amounts
-Earnings-
1942'
$254,968
y"
from
Gross
/
&
buildings
improvements
34,543
on
bonds
August—
560,134
243,119
;;'.'V-v
/
Linoleum Co.» Ltd.—Extra Div.
each
1046.
Salt Lake Ry.-
Denver &
1,279,803
647,526
Oilcloth &
Office
income
Gross
Sept.
on
stock/
common
common
1—
9,545,937
company
the
143,494
p.
■'
1,961,600
832,120 —
2,442,026
1,608,144
:■*
in addition to the usual
410,497
income...
:
35,571.
Dominion
$2,275,075
656,767
318,401
156,
107,268
■■
■
per share in previous quarters.
All of the stock of this company
owned by the American Telephone & Telegraph Co.—V. 156, p. 78.
w
$2,563,737
*Loss,—V.
2,850,590
492,170
similar payment "was made on June 30,
-
936,072
...
railway!— ' 2,766,846
railway.——" 1,4367153
from
The
on
1939
1940
674,286
oper.
ry.
1941
$3,015,038
■
.Diamond State Telephone
.
estimated
railway—
from
Net
$29,594
£12
$137,664
__
Net
Lake City which
Salt
near
t,
60,324
'
from
Net ry. opef. income—y
—V. 156, p. 779.:
in revenue.
an
2,225,720
From Jan.
246
...
at
*.
income
oper.
Gross from
4,234
6,672
2,105
Net
credits
steel plant
a
1942
Gross from railway....
$5,365,563
Net from railway——2,573,923
2,573,923
cur¬
—
Profit
construction
August—
$70,897
19,507
17,562
$79,009
17,178
13,199
Net
rency
include
$245,000,006,
of
course
Earnings For August and Year To Date
$71,780
16,828
12,804
19,326
13,550
,
in
now
68,103
.
$228,831
146,272-
•
may continue to play an important part in the post-war economic
organization of the West, the statement said.
It also said that the
trustees state "that the aggregate cost of the major installations now
under construction in the system's territory and California which will
directly benefit the traffic of the system approximates $595,000,000."
for
prov,
conversion
Income
establishments,
64,856
,
1939
.
$279,107
,
,
served soon by the system at a considerable gain
would be
cost
the
1940
..
.) 175,346.— *196,496
income^^-
oper,
From Jan. 1—
that new industrial and military establishments
pointed out
was
In
ry.
1941
$352,259
■
Gross
redemption of trustees': certificates,
hands of the trustees, and to the
income available for interest.
net
Net
RR—Earnings—
1942
$333,103
from
railway
Net. from ,railway-i^-.
:
.
available
now
the
'
.
$170,540
expenses
Cuban
on
incl,
:
lands.—_
& gen.
&
Loss
in
depart-
opers.,
of
rentals
cash
These
1939
1940
the
to
increase
Gross
than they.
favorable
more
v';
Reference was made to the recent
plantation
other.'
mental
1941
1942
the property are-substantially-
that time."
at
wex*e
company
of
prospects
Cuba Co.—Annual Report—
Years End. June 30—
August—
.
also told the Commission, that it concurred with
the petition recently offered by the insurance group and others that
$2,250,000 of 'hew money as proposed in the plan of reorganization
was
not needed because earnings' of the property had continued
to
increase since the last hearing at such a: rate that '-'the situation and
The trust
$734,820;
for each
trust
common
$1,000 of
trustee
$124,936; fuhded debt; $13,500,000; reserves' for" fire- and *
losses,
damage claims, electrolytic cell replacements and
minbrity interests in capital stock and. surplus or
de.i'io.t i of subsidiaries, $1,073,655; 5%
cumulative preferred capital stock ($100 par),' $6,000,000; common stock (1,248,706. no par shares),
$37,293,909; capital surplus, $36,539; earned surplus, $24,812,307; total,accrual?,
RR,—City Bank Farm-'
Changed—
Tfte City Bank Farmers Trust Co., N, Y. City,
Interstate
Monday, October 5, 1942
inventory values.
295,433
265,973
'
2,252.353 1
30,127
4,517,188
<
283,545
500,000
.
surplus
555,400
9,000*000
1,900,999
9,000,000
1,900,999
4,054,533
surplus
500,000
555,400
preferred stock—
(par $10)—
3,327,099-
maturing
(other than
$1,042,07.4;. accrued interest,-
Federal
income
and
$95,471;- accrued
excess
rents,
nrof'ts taxes),
$167,033;
sundry
Total
—V.
—$26,613,944 $25,402,453
...
156, p. 1047.
•
i
■
.
*
'
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
156
Duquesne Light Co.—Earnings—
Year
■i.
v
Fall
;
^
The
1942
1941
.—$39,380,292 $35,770,175
\ 12,862,470
11,142,734
End, June 3p—
'
•"
Operating revenues
Operating expenses
,~l__——1——
—
Maintenance and repairs——i———
2,313,367
2,329,409
'Appropriation for retirement reserve
——.
Amort, of utility plant acquisition adjustments
3,938,029
690
.2,449,287
record
recently
the
on
Co.—Dividend Decreased—
This
quarterly
a
stock,
common
,
23.
Sept.
Light
declared
$25,
par
with
dividend
payable
$1
of
1
Oct.
75
49 West 37th Street Corp.
cents
The
holders
to
voting
share previously
3,361,614
taxes)-—-—2,626,499
per-share,
of
Electric
River
directors
/
(other
Taxes
for
Prov.
income
than
and
Fed.
State
income
quarter.—150,
Net
revenue!^--—!A—-■_!-
operating
Other
Federal
690
!J
Gross-income
Interest
-
Trust
with
2,450,000
._!—_•
^Amortization of debt discount and expense-—interest
Other
!——
Co.,
the
assumed
Taxes
Pa.,
company
in
seeking
address
the
the
of
holders of
bonds,
Scranton
of
verification
debentures
registered
The
Lackawanna
its
have been
available
notice
paid,
to
act
to
2651.
P.
69,300
recent
states:
that
so
these
on
help
to
"The
incomc
Cash
dividends
^Earnings
'
i_!—„
: v
■
'
,
on
8,396,029
8,503,671
share-;—$3.98
per, common
made
1,375,000
$3.99
for
Federal
income
with
accordance
in
stock
common
on
Note—Provisions
been
$9,951,176
1,375,000
pfd. stock——!—"
1st
the
for
tax
Revenue
the
above
suchSprpvt'sions have
excess
of:
those
the
of
enactment
required
1942
been
made
if
the
under
during
Revenue
Act,
record
and
enacted
in
form
the
in
which
it
of
Oct.
June
The
on
share has been declared
per
cumulative preference
regular
stock,
17.
like amount
A
1, last,
disbursed
was
and on Nov,
have
directors
stock,
common
■
.amount
1,
paid
was
declared
payable
1941.—V.
dividend
a
Oct.
Jan.
on
the first dividends
However,
accruals
the
152,
"The
No provision for excess profits tax has been made, as it is
the opinion of the officers of the company that no such tax will be
■due.—V. 156, p. 513. ■;
'-•''!■;
Co.—50-Cent Dividend—
this
on.
155,
issue
March 2
on
tion
made
was
issue
this
on
the
10
9,
of
cents per
of
record
10
April
10
holders
to
July
and
share
extra
1941
follows:
as
were
Eastern Gas & Fuel
12 Mos. Ended Aug.
Total
consolidated
Federal
stock,
15
July
and
no
stock,
common
This
30.
Dec.
The
A similar distribu¬
22, last.. Payments
Depreciation
Provision
declared
no
dividend
a
value,
par
with
compares
1941;
30,
of
10,
1%
payable Oct.
cent
one
since.—V.
none
31—
declared
last,
1149.
like
2,630,785
available
income
dividend
for
these
being
156,
cents
New
Earnings
available to
4,374,877
share
per
28 to
holders of
paid
on
per
♦Before
States
taxes
1,108,729
20
$1,660,978
$4.44
864,
Operating
Oct.
on
25
Oct.
to
holders
paid
cents
July
on
cents
15,
1941 were
1,
share
per
share
per
of
last,
record
and
follows:
30
the
on
155, p.
totar ef $60,000
a
March
1942,
.
The
A
of
account
on
1941
were
paid
as
April 1
on
follows:
as
$2.50.—V.
26,
Dec.
Oct.
8.
St.,
■
Chicago,
the
For
&
111.
called
$2,252,107
1
$6.02
cents
week
for
June
and on
155, p.
July
stock,
declared
a
Oct.
made
was
C-ourt
of
as
Oct.
matured
Oct.
So.
LaSalLe
,
f
"•*•■'
.
vl
•—Thousands of Kilowatt-Hours—
Operating Subs, of—
Power & Light
Electric
Power
National
The
.not
&
Power
Light
'
Corp.
by Federal
Net
Int.
ry.
5,213
<6.4
Net
Louie
coupon
share
per
holders
20,
Elastic Stop Nut
18.6
Net
paid
of
April
record
on
mission
rv.
5.
convertible" preferred
stock
common
Underwriters
$lu
(par
named
in
W.
•&
of
Other
Gross
"Net
from
from
Net
ry.
railway
.'J.
..
railway—1
$2,935,381
1941
bond
T,278,418
Net
from
241,514
from
-Net
ry;
—V.
railway
736,942
499,964
22,170,248
19,161,514
13,496,238
10,388,119
4,627,103
2,530,497
2,724,585
1,232,300
-
8,335,196
8,520,911
—
•
1,864,855
4,767,674
-
Dr 1,784
Dr 56
$96,481
$1,244,732
$1,038,465
24,261
365,709
347,784
—i———■-—
—
'■
8,821
8,821
105,855
134,363
52,815
56,633
!!-:■'
expense-
130
1,668
21,549
9,955
$81,337
$56,171
$698,804
$489,729
on
cannot
be
156,
the
160,641
Revenue
1942
profits taxes
liable
made.
in
1942
for
is
Accruals
therefore
not
may
year
of
excess
be
<
stock—-;
common
enactment
may
Act
which
being
made
in
of
of
amount
and
company
uncertain. that
so
representative
be
67,177
the
the
reliable
a
the
of
excess
actual
require¬
958.
p.
have
directors
A
stock,
declared
4,
Sept.
Feb.
1939
$634,162
$384,977
8,060,470
7,506,416
2,284,109
1,844,098
1,762,435
V 4,269,431
1,203,025
788,834
The
6,562,744
702,829
lamp
dividend
a
—
payable
each
cents
and
5
Oct.
Oct.
of
4,
to
5
made
were
1941.
$1.50
share
per
holders
of
May
on
the
on
record
Oct.
June 9,
5,
July
Payments
during
and Aug. 1,
27, March 30, June 29
Electric
12l/a
1940
1.
5.
as
were
cents each,
and
will
company
establish
effective
of
the
Government
in
G.
electronic
an
Oct.
Electronics
several
will
include
electronic
G.
E.
be
Kewley,
•
Nela
made
Park
Vice-
".! "/'■..
/!'!!
manufacture,
being
factories.
lamp
will
Miss.-;
its
E.
!'■■;' *;
products
formerly Manager
Jarcksonr
the
at
J.
to
:■''
\
branch
new
various
Taylor,
In
New
branch
according
2,
,•■!:;
of
Z.
Establishes
—
-
department;
works
Co.
:
performance
.781
p.
25
President.
Work
income.
$25,
par
of
General
1940
$576,288
"98,233
Co.—Earnings—
the
U.
S.
of the company's flourescent lamp
General Manager - of the eleetronie
553,596
6,705,997
6,283,971
80,295
90,225
2,046,151
1,446,518
79,319
78,395
977,848
923,665
lease
General
The
175,000
158,333
2,033,333
$5,646,355
$6,081,217
221
!;'!/ 565
which
meeting,
958. *
p.
General Mills, Inc.
(& Subs.)—Annual Report—
Consolidated Income Account,
!!
$369,387
$431,066
(net)--!-!
o
1,240
$6,083,867
$5,646,920
2,358
34,976
Net
783,707
$371,745
$5,681,896
216,667
2,600,000
2,600,000
.Interest on deb. bonds.;-
110,000
1,320,000
1,320,000
deducts. ;v
110,000
income
349,671
Cr46,175
$15,390
$1,458,400
$2,688,452
.
121,943,449
153,506,405
118,812,148
117,735,569
112,891,137
158,691
1,347,371
42,961
1,209,090
66,522
24,562
—
1,174,562
1,142,442
operating profit—
8,399,956
6,873,575
6,597,486
7,885,309
33,155
18,158
54,788
80,917
8,433,111
6,891,733
6,652,274
7,966,226
1,515,000
sales———
1,153,008
1,153,008
$305,392
stocks
applicable to preferred
Balance
—
—
"Includes
for
provisions
Federal
recapitalization plan
had become operative."
——
of
taxes
income-—
income
Gross
$1,535,444
.Res.
Federal
for
minion
Net
$10,142
for the current
month and $271,992 for. the 12 months ended Aug. 31, 1942, additional
to the amounts required under the Revenue Act of 1941.—V. 156, p. 781.
J'-aC sinking fund debentures.under a
launched Aug. 3 and that, !therefore, the "plan
new
charges
Miscellaneous
;
The company announced Sept. 28 that holders of more than 85% of
the publicly-owned preferred shares had executed agreements to ex¬
$
125,574,139
Cr47,407
32,752
$72,471
--------
Net
1939
$
126,937,773
.
Depreciation
306,529
Cr3,064
33,168
construct.
to
Dividends
Operative-^-
and
int.
chgd.
1940
■
!'K!!!!
$
163,412,424
of
"Cose
$6,867,574
216,667
_!
sales
Interest
income
$432,306
Int.
Years Ended May 31
1941.
1942
$
bonds
Other
had been scheduled for Sept. 15,
(For purpose of meeting, see V. 156,
"
2,650
Vl-:- -.
income
mtge.
•
2.000,000
$369,166
plant
—
on
1150,■.,
Corp.—Meeting Adjourned—
adjourned until Oct. 13.
604.).—V. 156,
p.
$431,066
Investment
stockholders'
has been
reserve
of
p.
$1,249,715 $17,409,684 $16,735,371
534,726
revenues-.^
products'.—V. 156,
electronic
1942—12 Mos.—1941
1942—Month—1941
$1,300,406
DS-
&
taxes-
f3,298,000
1,640,000
1,013,000
—
income
5,135,111
5,251,733
5,639,274
income
dividends
Preferred
1,107,365
2,660,216
1,367,530
1,484,152
6.06
—_
1,107,365
2,660,216
—
dividends
Common
6.23
6,451,226
1,222,854
:
1,449,871
2,078,294
12,909,611
2,338,127
2,091,744
6.61
7.69
'
The
the
of
First
Boston
employed by
.were
plan
and.
security
Corp.
and
dealers
to
Merrill
Lynch.
advise
and assist
to
company
subsequently,
solicit
exchanges
of
Fenner
Pierce,
in
Empire
dealer. managers,
as
to
& Beane
r
'
a
under
the
.
Clarence M.
group
plan,
securities
elected
.
which called for the issuance of $21,584,800 of 3'/a %
debentures in
exchange for four classes of preferred stock, together with all^ dividend
thereon.
arrears
As
the
30
next
In
the
as
-.>!
/.■"!''
'
fact
of
that
has
it
stock
not
holders
their stock
for
reserved
the
exchanged
who,
for
right
this
in
reasonable
reject for exchange
period, except iri
to
unable
are.
exchange within such time.
to
At.
Mr. Frazier will continue
Washington, D. C.—V. 156, p.
in
in
charge
of
the
1048,
15,
Nov.
2
payable
handling
the exchange
in
obtaining
invited
agreements
debentures.'
4
'
offer the
dealers
all
in
turn
to
First
parts
in
the
:
~
Boston
of
and
Merrill
share.
from
issue
the
25
of
the
25
of
holders
cents
Nov.
paid
per
Oct.
record
of
50
1941,
1,
cents
and
to
1,
Aug.
on
1941.—V. 156,
held
share
Sept. 30 the dividend declared
the common stock, payable
directors
cents
of
Distributions
.
1941,
on
24,
was
each
were
including
and
increased
made
Aug.
initial of
an
to
50
cents
and
quarterly
1,
1942,
10
cents on
as
on
mined
Jan.
3,
and
*!
The .directors
share
v ;
on
shares of publicly-owned preferred stock of Empire Gas
by 6,170 individual stockholders located in 48 States, Canada
elsewhere.—V. 156, p. 1048.
'
!
:
1
127,751
.
.
by
deferred
—_—___
."After
depreciation,
'
JLoss.
.
.
■
states.,—V.
provision for Federal
due to
156,
p.
a
carryover
780.
of
.
etc.
fOn
This
May
paid on Dec.
28
declared
23
stock,
compares
a
dividend
payable
with five cents
Oct. 30,
and
$1,
par
1941.
of
Oct.
seven
30
to
each paid
cents per
holders of
on
May
26,
An extra of three cents was
23, last year.—V. 154, p,
1698.
201,919
$2,09
and
Gross
t$475,112
.
common
-
Nil
■
shares.
excess profits taxes was
previous year, the company
1942
from
Net
from
Net
ry.
$1,139,919
railway----
624,385
railway!—---
'
oper.
"
income
427,102
1941
$604,906
222,146
138,063
1940
$458,899
124,411
49,596
Gross
Net
'Net
—V.
from
from
ry.
railway.--.
income
156, p. 8C5.
•!'
6,512,959
2,751,565
2,060,313
4.180,920
1,249,094
651,399
3,906,001
1,070,749
504,957
3,923,718
1,032,399
426,120
on
Act,
accounts
grain
(less
$1,650,4661,
$1,499,312;
:
cash
funds
$15,259;
receivable
purchases,
valuation
U.
(less
S.
equipment,
net
and
reserve,
Navy
prepaid
-
segre¬
drafts
reserves
$31,075,494;
(including automotive
charges
investments,
water power
payable,
as
con¬
deter¬
expenses
$750,912(,
buildings and
goodwill, trade¬
rights, $1; total, $78,618,042.
land,
$1,782,686;
$9,500,000;
accounts
payable
(including
margin deposits, $15,259, secured by cash funds), $3,692,646;
156,
accounts
p.
of
and employees, $185,404;
$4,183,371;
dividend on preferred
officers
694.
General Motors
Corp.—Savings Accomplished—
critical materials have been accom¬
General Motors engineers and production experts through
designs and processes and through substitutions of less
critical
metals for those
that are more critical, a survey of some
of the company's war production plants revealed on Sept. 30.
Case
histories from General Motors plants reveal savings effected
Savings of millions of pounds of
plished
changes
railway.-—
oper.
and
notes
$5,036,931;
Exchange
accrued local
and
Federal
taxes,
stock payable
July 1, 1942, $276,841; reserves, $3,889,021; preferred stock ($100 pan,
$22,147,300; common stock (665,054 no4>ar shares), $16,691,960; capital
surplus, $5,398,315; earned surplus,
$12,653,184; total, $78,618,042.—'
$475,336
50,391
hand,
inventories
trade names and
savings
V.
From Jan. 1—
JIncludes $581,922
1*)42
(less depreciation, $19,673,7901, $22,828,808;
customers'
1939
130,375
on
advances
management,
Liabilities—Notes
Fort Worth & Denver City Ry.—Earnings-
..
income
losses in
20.
on
Sept.
August—
1941
$421,842
..
;
•
■
Note—No
necessary,
•
share——
interest,,
Oct.
and
on
common
and
Commodity
by
$2,753,494;
the
equipment
■
...
.1942
profit
tEarnmgs per common
also
Co.—Earnings—
Year End. July 31—
"Net
last,
the
banks
$2,235,163;
etc.,
$2,112,138;
Dividend—
in
$9,278,759;
$986,531),
this
against
for Federal excess profits taxes.
1939.
required
as
tracts,
253.
p.
Fort Pitt Brewing Co.—7-Cent
Lynch
country to take paft
preferred issues for the new
held
Eureka Vacuum Cleaner
1,
> acceptances,
per
the
record
The
were
$276,000
Aug.
Consolidated Balance Sheet, May 31,
gated
:;
•
tlncludes
Assets—Cash
last,
to
;
"Including manufacturing, selling, administrative and other expenses,
marks,
In
-organizations
—
Earns, per share on com.
President, has been
;
meeting
a
July
y.
surrender
'
office
Dividend—
any
30-day
cause,
Paul L. Davies,
Foote Bros. Gear & Machine Corp.—Increases Common
yet agreed to the exchange may do so within
days.
Frazier, assistant to
Vice-President.;
company's
,
special letter to stockholders, Empire Gas is calling attention to
a
preferred
case
.
in
those who have not
and
'•
'
the plan, stockholders who have agreed to exchange
preferred slock may deposit their shares within the next 30 days,
provided
their
•
*
Balance
Food Machinery Corp.—New Vice-President—
preparing
organize
in
y
arid
sale
for
in'charge'of manufacturing.
W. H. Robinson Jr. will take
general commercial responsibility and engineering service for
over
revenues—-
income
Net
change their holdings for
101
$131,164
5,560
and
Branch—
1941
expenses-l-^.
taxes!
„1
fr.
Interest
156, p. 79.
Empire Gas & Fuel Co.—Plan
$1,038,521
equip.
income
follows:
225,142
—
income.
oper.
&
declared
Aug.
"182,756
retire,
Gross
railway-
$1,246,516
—
Distributions
Dale
"29,035
Operating
' ! 384,728
.
—:
To
"125,684
oper.
Other
From Jan. 1—
Gross
545,681
$96,379
$1,125,000.-
Year
1942
taxes
Net
$1,360,196
856,112
v
1,015,000
1939 V' '
$2,025,622
$2,669,877
570,997
51,938
52
income
The
issue.
and
August
21,197
(net)
1940
1,193,909
—
income
oper.
U
1,981,000
685,163
Garner Royalties Co., Ltd.—$1.50 Dividend—
;
at
"56,245
appropriations
-
Elgin Joliet & Eastern Ry. -^•Earnings—
'1942
$4,136,199
2,566,095
49,016
_—._!_
debt
estimate
815,565
oper.
Property
Co.;
Rent
1
Co.)
ments.—V.
maturing
ope
from
"Federal,
178,572
»
Weid
H. M. Byllesby & Co., Inc., and The First Trust Co. of
Lincoln, Neb.—V. 156, p. 1149,
..
.
...
;
'
1942—12 Mos.—1941
$131,113
—
subsidiaries
its
Authorized
740,468
Operating
Shields & Co.;
August—
Strum
$1,794,823
Period Ended Aug. 31—
v
White,
are
2,
4,002
Federal
a
income—
Operating
the issuance of 50.000 shares
statement
the
to
$94
to
branch,
stock^Upar-: $50)t and
-
-
amount
now
60,814
——
Note—Pending
20,
.
Corp.—Registers With SEC—
registration statement covering
a
! cumulative
.shares-of
March
$5,512,775
(Houston
collat.
on
Divs.
the
Oct.
July
and
20
bond interest coupons which
in default, was authorized
will aggregate
For
railway-
"Loss.—156,
Corporation on Sept. 29 filed with the Securities and Exchange .Com¬
"of
coupon
over
Florida Power & Light
,
$100,
on
183,617
36,874
bonds
Electric
Net
railway---!." 12,493,906
railway—A. :. 5,187,721
from
18.891
.
ordered
oper.
81,044
•••-•>?
account
on
par
made
$380,950
notes
From Jan. 1—.
Gross
above figures do not include the system inputs of any. companies
•:
by
(& Subs.)—Earnings—
(net)
income
on
Int.
$1.50;
railway——-
from
Net
.
8.2
appearing in both periods.—V.-156,'p. 1149.'•.
1931
v.;;
from
12,423
,
120.124
Judge
of:.the
coupon
Gross
Pet.
Amount
.
oldest
the
August—
"
was
24
254,539
Depreciation
In addition the company paid
Dec. 15, 1941.—V. 156, p. 252.
$31,000,000 of the $45,000,000
101.233
86,257 ":
Co.!
Light
&
1941
150,752
163.175
1931,
1,
Earnings
,
Sept.
Sept. 3, Oct. 5, Nov. 4 and Dec. 5, 25 cents each.
1,
The
—Increase—
1942
American
Arrearages
of
•
A special
—
stock,
was
Jacksonville, Fla.
in 1942 had been
urged by the Florida National
Building Corp., a Dupont-controlled
organization, and S. A. Lynch, Miami capitalist, representing holders
ended
■'
5.—
(par $1)
of $2 per share
preferred
class
companies
'*'
Oct.
—
Sept,
Selection
,
Sept. 24, 1942, the system inputs of client
of Ebasco Services, Inc., which are subsidiaries
of
American
Power & Light Co.,
Electric Power & Light Corp., and
National Power <fo Light Co., as compared with the corresponding week
during 1941, were as follows:
'
-X , .
L
,
,operating
record
$567,605
income
income
Amort,
cents
25
to
20
Jan.
on
Payment of the first and refunding 5%
231
.
Inc.—Weekly Input—
15,
the Continental
.
,
Div.
share
per
121,139
Other
2457.
dividend of
payable
$10,
par
distribution
year-end dividend of 50 cents on
o v2 v»
trustee,
successor
cents
1049.
p.
1942—Month—1941
—
Operating
1, last.
1, $1; July 1,
April
Florida East Coast Ry.- -Coupon Payment
redemption
Aug.
on
last, and in each quarter during 1941.
,
\
will be made at
Payment
Trust Co.,
i
Services
Ebasco
A
interest...
Bank
National
been
per
holders
1213.
Taxes
Rubber Co.—25-Cent Dividend—
&
directors have
similar
Co.—Bonds Called-
fir6t'-'erosiidr"inOTtgagf™20=j'e'g'F"
have
1943,
100 and
at
Illinois
1,
of
stock
A similar distribution
___—
Maintenance
paid on the 4% cumulative preferred
accumulations, to holders of record
was
This compares with $2
$2, and
1,
"
<due
per
cents
to
Co.—Accrued Div.—
cumulative
8%
revenues
Operation
previous
Eastern Iowa Power
50
Exchange
1 paid a dividend
the
on
Galveston-IIouston Co.
156,
dividend of $3
Oct.
1,108,730
p.
of
25
Stock
252.
p.
dividend
Payments during
Disbursements during
$3,360,837
156,
a
payable
with "20
Firestone Tire
$2,769,707
dividends.—V.
on
cents
15
Common
of
holders
to
each quarter during 1941.
share.—V.
per
601,926
requirem—
preferred stock—
share of 6V preferred stock-—__
15,
record
Feb.
on
accumulations
last, and in
and
Sept; *19.
300,000
593,815 ;>!
6,%
$1,
par
1942.
14,
common
"Balance
5
2Vi
follows:
as
dividend
common
York
The company on Sept.
share
per
the
on
holders of record Aug. 22.
16
stock
prior pfd. stock
Dividend requirements on 4!4%
1941
of
of
Sept.
Special Offering
—
k
2,503,011
and expense-—w—!.—~
$1
April
on
79.
A
2.315,981
—
value,
with
2395.
Fulton Market Cold Storage
Filing Equipment Bureau, Inc.—Accrued Dividend—
1941
$13,584,406
———!._——— $15,639,605
—
dividend
dividend
Co.—Initial
initial
an
stock, payable Oct. 20
common
Gross
1942
'
$1
the
on
par
the
A
15, 25 cents each, and Oct. 3 and Dec. 9, 40 cents each.—V.
Aug.
P.
—,
tax
!
March
Associates—Earnings—
income
stock,
This'compares
regular
a
have declared
directors
common
year—4,155,199
!—
4,917,873
depletion
contingencies-——_—
700,000
and
for
(Debt discount
Net
15,
current
taxes,
.Interest,
July
and
payable
during
pleted 15 minutes later.—V. 156,
on
1.
Oct.
Ferry Cap & Set Screw Co.—25-Cent Dividend—
v
of 50 cents and an
of 50 cents; Sept. 30, 50 cents, and Dec. 31, $1,—V, 156, p. 251.
during
V
April
on
no
compares
Shields & Co., at $17M> per share, with. 60 cents commis¬
sion. The offering was made at 12.11 p. m. and was com¬
1919,
p.
the common stock.—V. 156, p.
on
have
directors
Sept.
and
...
share was paid on the common
value, on Sept, 30 to holders of record Sept. 21.
par
1941,
extra
County Distilling
Period End. Aug. 31—
dividend of 50 cents per
share
per
stock,
This
15,
Sept. 15, 2'/a cents, and Dec. 15, five cents.—V. 153, p. 837.
p.
made
of
adequate.
Early & Daniel
15,
both
Extras were paid
offering of 5,000 shares of
Federated Petroleums, Ltd.—lV2-Cent Dividend—
Representatives, it is the opinion of the officers of the company that
rthe provisions'made for-Federal income tax as above stated would be
A
$1.50
6.
quarterly
$1,
par
Fruehauf Trailer Co.
account of
on
stock, payable Nov. 2 to holders of
passed
was
Sept. 8.
directors have
V.
Federal Water & Gas Corp.—10-Cent Dividend—
The
in
1941.1 Pending
reliable estimate of the tax
if the 1942 tax bill is
feceritly by the House of
no
'liability for-th1s period can be 1nade.
Act
of $2
the 6 Ms %
such
amounts substantially
Revenue
Oct.
on
declarecf^an
the
to
common
Franklin
you
119,
■V:,',:.-■
!
the
record
any,
periods have
effective
Acts
in
dividend
A
on
periods -efccept as to the six months ended June 30, 1942, during which
period
Oct.
Brewing Co.—Extra Distribution—
recently
addition
five cents;
records."—V.
the
$1.50
of
common
record
61,660
$9,941,262
____
5%" cumul.
dlvs.
last;
of
the
of
Therefore
debentures.
verify
us
V
-,.v
bonds
on
of
or
mortgage
(N. Y.)—$1.50 Dividend—
dividend
a
representing
1510.
p.
directors
share
records
portion of future earnings,
a
interest
pay
promptly
15,
155,
in
Federal Grain, Ltd.^—$2 Dividend—
Net
Cash
April
share
the deben¬
present owner of
declared
holders
to
Frankenmuth
debenture
is
and
name
15
Oct.
on
have
certificates
Seeks
—
income
Scranton,
urged
are
Cr 139,927
——84,151
the
reason
be
may
16,025
on
deductions
Miscellaneous
of
correct
company
315,884
119,339
to construction. Cr416,791
bond interest-—.-———!; 69,300
.Interest charged
paid
Co., Charleston, W. Va.- -Trustee
:For this
The
2,450,000
.315,884-;
—1-—i___——!_
trust
payable
transferred
prior to Jan. 1, 1936, are requested to communicate with the trustee.
$12,563,145 $12,724,118
—.
debt—-,
funded
on
Coal
trustee
tures.
•
paid
3973.
p.
Verification of Records
$12,455,935 $12,483,998
I—-'-:!'
107,210
*
240,120
income
per
directors
1941.—V.
The
'*■
compares
4,002,443
5,183,300
taxes
each
1237
by
in
requirements for steel forgings, armor
plate, armor castings, copper,
I
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1238
shortages impend.
Lumped together, these savings
account for a very considerable diminution of the flow of raw materials
from mill to factory without any corresponding diminution in the flow
of war materials to the fighting fronts.
•
which
in
or
"These
said C.
savings,"
typical
of
doing.
They
the
what
The
,
of
which
is collecting
Government
the
investment
our
the
over
engineering
in
years
refunding
date
which
intensive
of
total
•
in
drive
scrap
has
California
to
Enough
metal
old
the
provide
to
from
Net
ry.
build
to
necessary
Gross
is
addition
in
the
to
53,691
two
brought to light.
pounds of "non-production"
the
In
first
GM
from
scrap was
months of 1942
seven
23,461
20,448
of
Complete
July,
for
figures
ftbje
non-production
:
scrap
1941
$168,779
for
in July
collected
cents
417,998
294,899
139,220
131,957
mon
stock,
compares
1941;
payable Oct.
value,
par
no
dividend
of
5
$1
share
the
stock,
usual
have
both
$50,
par
declared
quarterly
extra
an
of
payable
15
Oct.
of
dividend
$1.50
to
1942,
V.
7
holders
of
General
quarter
third
the
for
1942.—V.
of
quarter
156,
of
1150.
p.
;
•
Gross
Operating
—-V.
railway——_—7_—7,645,130
3,266,435
Georgia Power Co.—Earnings—
Gulf Power
revenue
accrued
$55,727;
wages,
com¬
$23,139; capital
no par stock),
total, $370,482.—V, 154, p. 334.7 - 7
mortgage rvotes
payable,
shares of
37,075
and
"B"
7:.,r:7;7;,j y/y
155, p. 52.
President
Exchange
if
it
7
s
a
-
7 jy y
y;y;
.■
and
hearing
the
to
there
that
proposed
Appalachian
25
is
capital
the
This
securities.
Holding
Company
pipe line
$42,000,000
area.
by Standard Oil
move
three
The
Act.
Ggs Co., Peoples Natural Gas Co.
in
Ohio.
Natural
Illinois Central
v
of Hope
its
own
is an effort to escape
utilities are East Ohio
other
in Pennsylvania,, and
:7;777. 77';'7: '7
■■';
■
at a
possi¬
other
a
natural, gas to
supply
to
its
build
to
Texas
'jyvy;;y
testified^Sept.
company,.
be-ordered
permitted
is
Louisiana
the
of
Commission
"might
company
systems"
,'77^7777Sr; v7.r77-7;,;7
River Gas Co.
y
RR.—Earnings of Company Only—
77;.71942
August—
Gross
7
1941
,1940
19397
'
for
expenses
Prov.
108,296
1941
Prov.
$1,064,264
Prov.
for Fed.
for Federal
109,617
18,750
15,833
17,697
11,059
—
depreciation
for
general
taxes
19,449
taxes
inc.
19,688
213,333
208.140
199,628 7
Net
from
Net
ry.
190,000
193,856
132,460
7
7_
$45,521
7 $43,173
$543,516
$523,972
13,889
18,693
177,559
229,691
$31,632
$24,480
$365,957
$294,281
Equip.
5,513
5,584
66,227
67,014
(net
$18,895
$299,729
$227,267
Net
1942, Federal income
the rates prescribed in
Other
56,148
other
&
$40,187,760 $36,251,955
$3,063,756
1.360.085
1,425.013
17,462,826
16,075.253
Net
374,250
335.000
4,341,040
3,840,000
Divs.-
taxes
322,493
277,263
3,670.633
305,134
213,192
2,962,075
2,267,798
8,773
2,485,032
62,373
823,539
60,189.783
13,131,139
7,082,004
37,585,389
22,470.039 V 12,754,376
income-
15,376,214
15,015,161
.
.
7*
1942—Month—1941
„
1942—8 MpS.—1941
$
"
$
~
.
;,7
.
133.197,648
89,787,546
19,011,225
12,843,162
—
11,862.216
8,837,767
85496,529.-63,478,507
oper.
7,149.009
4.005,395
48,001,119
26.309,039
3,219,895
1,622,113
20,959,133
8,562,072
543,549
oper.
oper,
6,649,014
System
of
L 179,306
3,445*546
415,366
3,385,565
2,203,976
23,596,440
17,331,601
587,770
531,955
30.592
28,386
revenues—
expenses
""
Net
from
rv.
ry.
3,175,022
Prov. for Fed. inc. taxes
Ry.
Ry
Int.
893,787
63,030,036
railway———
oper.
Earnings
deductions
income
Gross
1942—12 Mos.—1941
1,711,980
78.138,592
$
158,844 y.
$7,350,496
1,531,125
1,582,307
3,304,3927.
2,010,680
-
railways- .111,893,183
Period End. Aug. 31—
,,7 7,348
-
5,454,176 7
7
.
income—
oper.
from
25,749
profits taxes
railway——
77j 77.7'
'
excess
ry.
Gross
$2,642,214
$204,727
from
From Jan. 1—
1942—12 Mos.—1941
$2,200,864
1,318.753
1,104,428
1942—Month—1941
$237,452
railway—_ S $15,708,450 $11,033,063 ~ $7,966,752
from
Net
Co.—Earnings—
——_
21
$3,669,046
Gross
revenue:.
Operating
Prov.
—
expenses—;
Provision
for
for
deprec.—
general
Provision
Ry.
508,657
■
income
Int.
$798,427
$804,515
$9,266,154
313.494
3,810.600
$487,071
$491,021
$5,455,554
223,005
2,676,064
2,767,492
$268,016
$2,779,490
Balance
$264,066
Revenue
sible
Act
and
first
Act
rates
and
surtax
of
the
excess
than
ytv
prescribed in the ,1941
$800,379 for pos¬
Bill (45#"
taxi would require during
aggregating
pending House
the
profits
$1,676,705
than
more
the
at
1941
Revenue
the period.—V.
provided in
was
V.
t,
_..<
156,
Act
156,
.
Gross
from
ry.
From
Gross
Net
railway.—
from
Net
ry.
Ur
420,009
134,463
80,386
income...
379,427
118,944
73,455
2,574,858
2,374,361
$464,54.4
$357,736
,
.
-
from
ry.
from
Net
ry.
—V.
railway..^.
> 5,640,542
3,326,887
railway——
from
2,414,463
907,046
income...
2,149.006
792,603
oper.
"
391,421
••
the
Net
from
railway
1940
1939
$195,568
$158,803
98,502
34,346
55,196
8,320
20,789
3,080,611
2,508,974
1,676,444
1,533,462
1,190,113
847,313
303,882
248,780
income.496,134
433,900
86,925
31,206
1
from
Net
ry.
railway..__
railway
—'
from
Net
—V.
.oper.
156,
the Nine Months
Ended
and
administrative
credits
profit
age benefit
insurance.
—
(before
for
Prov.
Fed.
earnings
deprec.
&
$20,
profit
1,373,605
:
■—
31,761
$662,922
for income and
excess
income
&
excess
profits
taxes
p.
—
discounts
on
profit
for the
sales,
provision
income and
same
$332,069
.
$1.53
....
for
excess
period
of
Great Northern
from
bad
debts,
and
taxes
Net
1941
amounted
to
$268,140
ry.
railway.
—
1942
1941
1940
1939
$16,404,827 $13,768,122 $11,880,012 $10,449,339
8,232,819
6,785,933
5,264,611
4,400,839
20,169,714
18,710,789
12,553,377
8.312,806
98,519,200
77,789,843
62.845,831
55,450,439
railway-—.
38,764,853
29,682,440
20,899,184
15,771,481
income...
30.169,714
18,710,789
12.553,377
8,312,806
oper.
income...
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway..._
oper,
156,
p.
H.
-
25
ties
a
865.
III.,
and
•and
in
the
Sept.
rtired.
Warren Stratton,
director.—V. 156, p. 342.
15-Cent Dividend
This compares with
10.
60 cents paid
of
stockholders'
Smithers
S.
&
meeting,
Co.
was
reinsurance
Products
York
New
be
dissolved
$587,500 cash,
for
the
a
comuletion of
which is equivalent
upon
of
Co.
of .Springfield,
Co.
III.,
••.V.v-'"'"
absorbs all of'its assets..
Mutual Casualty
automobile coverage
admitted
C«.
organized April 13, 1936,'to
Its statement as of Dec. 31.
was
in Illinois.
assets
of
with
$78,198.
liabilities
total
surplus
of
.
of
assets
V.
150,
Department,
filed
on.
June 23,
254.
,
;
,
total
it-had
1942,
admitted
except capital, of $694,170.-—
$1,031,270, with total liabilities,
p.
'
.
#.•M
;v
Illinois Terminal RR. Co.
August—. 7
ry.
;-77
Earnings7
1942
V-
1941
77
1940
1939
$845,988
$690,704
$553,651
$522,999
railway—-—
from
Net
■
railway——
413,057
334,743
207,287
190.327
from
Gross
244,417
5,657,179
4,561,697
railway—.—
2,411,741
1,812,894
income—
1,435,387
7
213,694
railway-
1,096,176
income—
oper.
126,717
123,605
7
From Jan. 1—
from
Gross
Net
from
Net
ry.
oper.
4,003,770
3,675,792
1,338,374 7 1,127,006
760,567 .7
644,889
156, p. 782.
The directors
the
on
A
Dec.
on
payable
distribution
Oct.
made
was
on
to
30
1937.—V.
156,
of 25 cents per share
holders
25,
May
The previous payment,
1941.
22,
31,
Aug.
Sept. 25 declared a dividend
on
stock,
capital
similar
last,
of
as
record Oct. 15.
against 50 cents
also 50 cents, was made on
430.
p.
7'/'
Imperial Chemical Industries, Ltd.—Dividend Dates—
held on Sept. 24. Arthur B.
elected a director,—V. 156,
The interim
stock is
Dec.
which was recently declared on the ordi¬
dividend of 37
to holders of record Sept. 23.
American
record Sept. 29 will receive the dividend
income tax of 9s, 4d and expenses of deposi¬
payable Dec.
less British
7,
See V.
tary.
advised that the corporation
sale of the corporation's assets
to approximately $3.95
a
share
The
Ilinde & Pauch Paper Co.
of Canada, Ltd.—Operating
at Capacity—
1
156,
p.
of
1151.
Indiana Associated Telephone
Period End.
third
quarter,
board
remains to be seen."—V.
155, p. 696.
Aug. 31—
oper.
lease
for
of
1.241
771,059
689,654
$1,273,366
50
452
1,851
36,125
274,209
230,634
$39,897
$33,421
$310,713
$349,986
28,136
p.
50
33,684
22,474
203,120
262.422
—
——
income
156,
1,323
96,745
$1,357,756
oper.
Net operating income—V.
162
99,068
Operating taxes
Net
1942—8 Mos.—1941
$166,503
168
revenues-
Operating expenses
Rent
Corp.—Earnings—
1942—Month—1941
$172,867
Operating revenues
property
mill production of this company
continued at a capacity pace, and box factory operations were on
a
similar basis for first six months of year, it was stated.
Except for
the usual year-end decline/it is anticipated that current demand will
continue
through the last quarter pretty well, according to L. F.
Winchell, Vice-President and General Manager, who further states:
"However, because of expected man-power and electric power short¬
ages, it now looks as though the industries with which the company
is affiliated are likely to be more extensively restricted.
It is possible
that
there
may
be some concentration of production,
resulting in
part-time or total shutdowns for some plants.
How the company will
be affected
111,—Acquis.
Casualty
policies of the Peoria concern
responsibilities for outstanding
Insurance
the
sale was authorized by stock¬
special meeting held Sept. 21, 1942.—V. 156, p. 960.
the
Mutual
Illinois Zinc Co.—25-Cent Dividend—
on
Corp.—To Be Dissolved—
outstanding capital stock.
at
the-Savings
Curb Exchange has been
for
holders
7,049,620
Its total premium income for last • year was $37,601, and
at the end of the year was $35,462.
V
The Illinois National Casualty Co. was licensed Aug.-7, 1930, to write
automobile
lines;
At
the
time
of
the examination
by the Illinois
its
nary
Hildick
of
National -Casualty
Illinois
depositary receipt holders
The
»■
•
10,785.550
13,462,653
873,412"
2,115,350
'•
10,690,965
$42,736.
to
'«• 77
F.
7v.7;v
1,381,756
for Federal income taxes.—V. 156, p. 865.
by. the
showed
—V.
dividend of 25 cents per share
a
24
Oct.
of
Savings
full
write
Director—
annual
"
return
The
cents
254.
p.
"7,,
fixed
has;, been filed with (he Department of Insurance, it is announced.
By
"the contract, as filed, the Illinois National Casualty assumes all liabili¬
Harvill,
L.
cents.
New
17,835,170
-
21 paid a dividend of 15 cents per share on
on
the 7#
cumulative preferred stock, par
declared
payable
2,255,168' 24,153,618
7 1,339,876-
contract
Uncoil,
Ry.—Earnings—
railway......
have
stock,
During
August—
Net
preferred stock
profits taxesi.
2457.
from
6#
1941, cash dividends of 12V2
has been elected
record
'7!:!7
7.7-
Illinois National Casualty Co.,.Springfield,
A
on
6,893
—
Gross
25,
356,663
provision for Federal income and excess profits taxes on current
earnings of $132,300.
This was equivalent to $1.24 a common share
155,
new
current
on
——————
profits of foreign subsidiaries......;
—
directors
Lawrence
after
V.
the
holders of record Oct. 3.
This
compares with 75 cents paid on July 24, last, and 25 cents each on
Jan. 26 and April 26, 1942.
Disbursements during 1941 were as fol¬
lows: Jan. 25 and April 25, 20 cents each; July 25, 40 cents, and Oct.
$726,199
......
30,574
not including Federal
Note—Net
in
10 cents per share
15, last, and on Dec. 10, 1940.—V. 152, p. 2856.
common
63,277
—
—-...—
•Including
-
dividend of
a
payable
and Sept, 2,
succeeding
holders of
to
"
,
Income
Peoria,
former Vice-President and General Manager, has been
Hoefler,
•
1,982
3,455,226
other
and
1941,
1
President,
Dec.
will
Net
$1,
paid.
company on Sept.
account of accumulations
At
prov.
Earnings per common share
(but
$2,068,288
...
—
on
par
June 23
on
7
53,174
2,582
'
7\-*'■
■
for leased
•After providing
Hayes Industries, Inc.—25-Cent Dividend—
....
Exchange loss
-
-
by the stockholders.
This dividend will be applic¬
Sept. 30, subject to the issuance of a permit
Angeles attorney,
The
.....
-
profits taxes)
Depreciation
26,773
►173,947
/ '
:'"7 " r.:;-7'r:yr-7:"
•
Hawaii Consolidated Ry., Ltd.—Pays
1942
expenses......
Operating profit, before depreciation....
Net
31,
Aug.
sales, before depreciation._____________
advertising
security and old
Income
45,612
13,904
♦188,075
277,833
:'
;
Sept. 28 declared
The
on
profits from
•Selling,
^
_
Earnings for
Social
1
764,329
762,977
1,126,949
430,021
•
-
for
charges
rent
Net
(II. W.) Gossard Co. (& Subs.)—Earnings—
Gross
RRs.
,
865.
p.
M.
Los
1,256
107,064
From Jan. 1—
Gross
were
.7
available
fixed
Intesest,
•34,164
record
of
7.
72,243
;
deductions
Income
•10,022
•40,344
Corporation Commissioner of the State of California.
Distribu¬
10 cents per share in cash were made on Jan. 7 and Aug. 15,
elected
231,788
__
Net ry. oper. income
income
$79,965
•12,022
of
while
F.
1941
$287,830
$82,617
President Elected—.
on
income
oper.
•
1939
14,442
-,,(7;:,.,-7v:7
stock
to
each
1942
865.
p..
capital stock,
by the
$489,734
railway....
ry.
charges
44,560
income—172,494
156.
rents
Dr\
Miscell.
;
$152,029
1,511,534
railway——
oper.
last,
from
,
railway
recently authorized
tions
August—
J
57,517
7
income—7
directors
372,321
Georgia Southern & Florida Ry.—Earnings—
Gross
at the 1941
the period.—•
:7 27,034
railway—— " : $211,749"
7V.'-:
The
able
156, p. 514.
,
1940
1941
1942
in Stock—New
391,264
457,550
,y/
.y,,,...
v.
j.Harvill Aircraft Die Casting Corp.—Dividend Payable
on
From Jan. 1—
Gross
Net
$101,765 more than
1942
7,:,-;
■•■7:
Jan, 1—
Net
67,388
oper.
1941.
$864,823
railway—
i
1940
1942
■;
..■
railway
from
;
,1939:
$320,608
66,611
August—
/#
;
oper.
Net
.
y
accruals/—
& jt. facil.
plus
Ship Island RR.—Earnings-
from
Net
Net
Georgia KR.—Earnings—
from
accrued at
have been
tax
♦Net
Gulf &
•Loss-:—V.
Gross
Act
rates, or $51,372 more than was provided in
959.-;
p.
August—
rates
provisions
90'*-
more
■ ■
■,
at
prescribed in
1942
$876,326
or
accrued
additional
The
months
8
rates
959. '
p.
plus
increases.
income
the
been
have
taxes
taxes
the first eight months of
Revenue
■
1942, Federal income and excess
During the 8 months ended Aug. 31.
Profits
profits
Revenue
$2,456,244
pfd. stock
on
during
$5,223,737
223,005
income.—
Net
Dividends
excess
1941
additional provisions aggregating $50,393
for possible increases.
The rates prescribed in the pending House bill
(45#
income and surtax and 90#
excess profits
taxi would require
5,607,772
other deducts.—
&
$26,119 °
Note—During the eight months ended Aug. 31,
and
$10,831,508
311.355
income.:.—
;7
_
the
Gross
stock—_
pref.
on
Balance
Federal
for
profits taxes—
excess
'
12,061,364
2,513,479
698,916
"A"
share.—V.
a
and
the
bility
Net
~~
1942—Month—1941
31—
—
156, p. 781. _
•
Period Ended Aug.
20,532,954
—_
railway oper. income
Period End. Aug. 31—
1942
$1,298,165
—
etc., $56,699;
taxes,
T:,y
-
trade,
and
7 The SEC hearing is on an application by the Consolidated
Gas Co., a new Standard Oil Co. subsidiary', to acquire stocks
and three other Standard Oil Co. utilities in
exchange for
192,441
2,464,014
railway—
Net
—V.
Operating
.$32,650
"
v,
414.540
15,238,208
5,083,031
from
payable,
$104,449;
insurance
; ■ //■ 7X 7 ///-y: .
,
shares of
Tonkin,
Securities
2278).—
388,840
—„
prepaid
accounts
$31,430;
•
1150.
p.
547,809
income
1942
31,
$10,920),
Sugar Corp.—To Purchase Pref. Stock—
$115
L.
L.
1940
$1,635,524
$2,144,032
792,337
'
of
Hope Natural Gas Co. of W. Va.—Proposes New Pipe
y
1—
Prov.
$31,200
revenues
156,
p.
1941
—1,352,759
railway—
from
,
Jan. 1 to Sept.
21
1941
1942
155,
37,075 shares of class B stock,
on
May
banks,
in
Line from Texas to West Virginia—
V
'1942
$3,167,973
Net
Earnings—
Week End. Sept.
exceed
common
record Sept. 30.
of $4 on April 15,
V.
(compare
RR.—Earnings—
*
,
railway oper.
Gross
Period-
1942
15,
railway—
From Jan.
was
'
Georgia & Florida RR.
"
from
from
stock¬
and preferred
common
1942
Jan.
on
$95,093;
'
(19,960
from
Net
Motors
414,064 compared with
414,852 for the second quarter of 1942 and with 410,832 for the third
quarter of 1941, the corporation announces.
There
were
392,775 holders of common stock and the balance of
21,289 represents holders of preferred stock.
These figures compare
with 393,615 common stockholders and 21,237 preferred, for the second
holders
$2.50
15, last; one
$14,171
preferred stock
sinking fund totaling $100,000 to be used as of Nov: 1, 1942, to rqtirc
preferred stock at the lowest price offered,-hut "at a price not to
share
per
the
on
Sheet,
and
uncollectibles
for
taxes,
Holly
2278.
Net
•
of
number
of
one
p.
August—
Gross
:
Number of Stockholders—
total
and
155,
also paid on July
was
Gulf Mobile & Ohio
by suppliers to
The
of $2.50
extra
An
$2.50
share
per
2,319
$4,601
•$14,826
yyThe directors have authorized the setting aside of
com¬
/
•
dividend
153,370
643
$165,000; surplus account, $69,916;
the national scrap stock¬
of dies, tools, jigs and fixtures which had been
manufacture parts for GM's peace-time products,
These
were
owned
by the corporation but had been stored in the
plants of the suppliers.
' "
used
stock
with 50 cents each paid 'on Sept. 6, Oct. 20 and Dec. 18,
directors
The
and
153,653
t$64,416
hand
on
process,
missions,
holders of record Sept. 25.
to
162,139
33,589
Liabilities—Accounts
the
on
since.—V. 153, p. 1275.
none
220,043
Balance
in
Dividend—
per
$169,859
—
——,,—
reserve
Co.—75-Cent Dividend—
a
$158,897
(Equivalent. to 80 cents each
work
Guarantee Co. of North America—Extra Dividend—
7
large quantities
pile
profit:
(less
per
Brewery Co.—$1
12,847
$147,313
•
.
receivable
Inventories ahd
$3,665; invest¬
ments, $756; lands, $70,841; buildings and structures, machinery, equip¬
ment, furniture, etc. (less reserve for depreciation of $76,400), $64,248;
308,362
201,799
have declared
directors
$157,012
15,276
;
.
.
1,090,676
461,751
75
of
This
alone.
also has made available to
expenses
tax
•Loss.
429.
p.
$143,621
10,947
7,490.
income—,
12,861
1,107,954
„
was
;,7 Net
36,251
'>•'
20,470
1,310,698
Griesedieck Western
•
General Motors
...
$141,508
43,251
224,943
income—
$136,366
,$310,558
revenues
Assets—Cash
1,496,162
railway
dividend
The
of non-ferrous
laneous items
'
Total
.
.
322,247
1939
$145,003
;
$479,260
•300,823
$318,048
profit
oper.
Income
1940
$444,444
|
"
Available
toal, $370,482.
>.
only
available
were
.
share was paid on the common stock,
.par $50,.on Oct. 1 to holders of record Sept. 15.
This compares with
50 cents paid on July 1, last, and 75 cents each on Oct. 1 and Dec. 23,
1941, and 50 cents on July 1, 1941.—V. 155, p. 2457.
25,118.653 pounds of iron
when
.
railway—
oper.
156,
A
and steel and 574,023
metals were "discovered."
In the period from
Jan.
1 to June 1 incomplete reports from 24 divisions revealed that
'44,575,828 pounds of non-production iron and steel and 744,909 pouhds
of other metals were shipped.
'
v
Meanwhile, the automobile divisions of General Motors have been
analyzing all automobile dies-to determine whether they need be held
lor manufacture of essential replacement parts.
Following such a study
one
division shipped out 319,830 pounds of dies in a single lot.
Two
weeks later another shipment of 144,090 pounds was made.
Another
division scrapped 955,000 pounds of dies in July alone.
Salvage of rubber, rags, paper and other non-metal products is also
an
objective of the drive.
A total of 2,130^)77 pounds of these miscel¬
and
pouhds
■
Greenfield Gas Light
shipments of all types
of iron and steel and
to the Kunkle report.
scrap
totaled 500,000,000 pounds
non-ferrous metals, according
plants
'31,000,000
•
from
ry.
—V.
16,700,000
In the month of July alone moie than
finishing machines.
,y;;.
51,949
income—..
from
Net
metal
flow of production scrap from
normal
Gross
1939
f
of sales—
Other
1940
154,
RIt.—Earnings—
railway....
oper.
Net
35,000-ton battleships has been turned up in plant "attics" by General
Motors
"waste wardens"
since Jan.
1,
1942, Mr. Kunkle disclosed.
This
-V-v:.'
1942
$199,583
y
From Jan. 1—
20.
scrap
accrue.—V,
to
cease
railway—
from
Net
a
Kunkle, 'Vice-President In
essential Jo the ,war effort, "B. D.
.charge of manufacturing, reported on Sept.
metals
will
•
& Western
Bay
from
by
aluminum and other
pounds of iron, steel, copper,
531,000,000
bonds
the
on
1941
Not
Cost
'
r
;
1942
Sales
Operating
Gross
90 General Motors war plants
increased the nation's stock-pile
interest
Monday, October15, 1942
Battery Co.
0,—Earnings
Years Ended May 31—
.
V
Green
Scrap Salvage Campaign—
An
Ilobbs
-
amount
431.
p.
August—
Connecticut
mortgage
principal
$6,000
after
and production
know-how.
As time goes on there Will be many more such developments
as
our
engineers and production men become more and more familiar
with the new products which they have been called upon to produce."
from
5J
"
is notifying holders
City Bank of New York, as trustee,
gold bonds, extended to Nov. 1, 1949,
of these bonds have been drawn by
lot for redemption at
102'J on Nov., 1, 1942, through operation of
the sinking fund.
Payment on. the drawn bonds will be made at the
office of the trustee, 22 William St., New York City, on Nov. 1,
1942,
Wilson, President, "can be regarded as
industry, and industry generally, is
E.
dividends
National
first
that
automotive
the
are
Great South Bay Water Co.—Bonds Called—
in which there are short¬
chrome, rubber and other materials
nickel,
ages
?
605.
Indiana Pipe Line Co.—30-Cent Dividend—..
A
dividend
stock,
par
similar
20 cents
of
$7.50,
30
each
on
cents
payable
distribution
was
Dec. 24,
per
share has
Nov.
14
made
on
1941,
to
been
declared
holders
May
15,
of
last,
and on Nov. 15,
on
record
as
tho-eapital
Oct/ 23.
compared
1940.—V.
155, p.
A
with
1311.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
"Number 4113
156
passed
Indiana Harbor. Belt KK.^Eai;nings:
.
Ry.
of Vway
Traffic
struc.
&
■
..
30,586
253,374.
$488,745
$446,194
ry. oper.
94,644
141,568
867,502
$144,515
$952,222
6,340
35,165
$987,387
(Parent
provision
•:
.
1942
'
.
„
g:
$839,713
1,19,8- ".
Aj:gV;A,',,v •'■ :
; '•
344,862
175,275
30,693
income
12.008
(net)
151,455
hensive
'1,249
.V:
-
,
-
the purpose of a proposed plan is to
remedy thaf inequity, the
above quoted language, when
given its proper perspective in the whole
Act, authorizes the Commission to appropriately readjust the corporate
structure
$166,273
v
Miscellaneous
$1,357,781
1941
'
panies themselves, rather than in the operating companies," the Court
.>a.id, later. .'."But, .where; as here/ lntrlnsip inequity in the distribution'
of voting power is found in the structure of an
operating company,
and
Company Only)
-
other
19,990
$144,206
1942. \ No
?
■Subsidiaries
$1,337,791
Dr309
......
■Interest:
925,939
$115,733
Equip. & jt. facil. rents
Account
."
Other
1,352,605
1,455,885
Income
Subsidiaries
247,320
$3,616,335
$3,275,609
202,662
235,817
Ry. tax accruals
Dividends:
4,160,008
310,332 /
July,
in
taxes,-.vfincluding taxes 'to--foreign«gov*
'
' t'' \,
/
6 Mos. End. June 30—
231,897
5,016,277
31,553
"
J,
*
Representatives
of
•
862,498
531,035
31,892
w
House
Statement of
591,663
k.
37,083
-
•
(rail)—
from
rev.
701,891
939,559
572,321
%!!!!!
expenses
expenses
Net
96,689
112,426
118,174 'it
.
the
by
required, for excess profits
etc. /^Deficit.' "
'
ernments,
$9,709,721
$1,291,034 $10,497,042
..121,124
equip._
of
Transportation
Otlier
$1,326,788
revenues—.!'
oper.
Maint,
Maintenance
is
1942—8 Mos.—1941
1942—Month—1941
Period End. Aug. 31-
1239
Dr9,727
'•'
Tn
income_
oper.
ry.
income
Other
!!!!!_.!:■ v.i$122,073
income
Total
%
deductions—!..
Miseell.
avail,
Inc.
.
.
3,172
24,660
3,008
f
$118,901
29,047
....
income
f
$994,961
V
•
The directors have
10.
Oct.
declared
Interest
A
par
no
155,
2458.
p.
•■'!.;
,
_
Interest
Net
Ingersoll-Rand Co.—Stock Subscription Plan—
will hold
stockholders
The
special
a
meeting
Oct. 23
on
to vote
telephone
certain
the
For nearly four years before Mr. Johns¬
President.
to
Endicott
his
he was the company's manu¬
post
Superintendent of the Endicott factory
Lewis, who was previously his assistant.
B.
Kintner,
previously supervisor of night operations
will
He
William
succeeded
be
L.
Charles
as
'y The
Jr.,
by-
at
in .all
program
plant.
I.
B.
-
v
production
August—
Net
Net ry.
1942
-
from
from
$2,037,528
railway
*
Net
ry.
12,974,728
3,962,091
-
31,125
*187,145
soon
1939
$918,281
? 120,586
1,724
"Deficit.—V.
' 7,412,242
- 830,843
*280,476
'
provides
the
Clifton
be
commenced
75.000
the
Establish
aries
Corp.—Subsidi¬
$10,000,000
Credit—Sosthenes
Behn,
zoning
laws
of
most
its
laboratories
ing
employ
I.
T.
T.'s
&
the
manufacturing
of
Latin
by
T.
&
I.
in
"Early
in
this
the
have
the
1941,
T.
T.
&
long
among
the
and
and
telephone
for
the
United
(now
Government
States
1942, the corporation,
in addition to providing for its cash requirements for other purposes,
expended $1,403,400 for the purchase of $2,533,000 principal amount
of its outstanding 4,/a%
and 5(4 debenture bonds.
Its cash in banks
and on hand in the United States declined from $9,340,100 at Dec. 31.
1941, to $5,491,600 at June 30, 1942.
With respect to $2,349,000 of
such debenture bonds (which were purchased pursuant to the credit
from
the Export-Import Bank of Washington previously reported to
stockholders), the corporation has the right, of which it has not yet
availed itself, to borrow from the Export-Import Bank 50'4 of the face
amount, or $1,174,500.
The corporation may borrow under the ExportImport Bank credit only up to 50% of the face amount of debenture
bonds purchased and only at prices approved
by the Export-Import
Bank.
Any amount in excess of 50(4 must be paid out of the corpo¬
ration's own funds not necessary for other purposes.
The corporation's
bond-buying program is therefore limited by the necessary approval of
the Export-Import Bank as to the price to be paid and by the amount
of the corporation's own funds which can be made available for the
purpose over and above its other requirements..
Subsequent to June 30, 1942, the corporation has purchased, pursuant
to the Export-Import Bank credit, at a cost of $509,100, an additional
$893,000 in face amount of its debenture bonds.
Consolidated
6 Mos. End. June
Income
Statement
Indicated in Note Below)
1942
30—
Telephone and radiotelephone oper. revenues..
Gross profit on saleS by mfg. and sales subs...
Interest
i.
(net)
income
Other
Total
L—
——
*U.
Prov.
Net
Profit
Net
income
Federal
S.
•(Other
taxes
earnings
on
3,514,668
foreign exchange.
(net)
—
$4,055,902
98,796
$3,857,885
73,993
1,920,164.
387,795
1,153,867
——
on
———
$4,154,698
$3,931,878
.—...
—
982,214
919,422
174,768
73,135
250,219
Subs. Consolidated:
of
Charges
Interest
assets
1,657,969
119,780
.1,060,510
3,439,984
._
exchange
Amortization of debt discount and expense..
Divs.
pfd.
on
com.
Net
stock of subs, in hands of public
stockholders' equity in net in¬
261,478
40,885
40,452
$2,669,959
int.
$2,473,882
chgs. of parent
company
the
V.
International
on
Amortization
Net
income
*The
charges
*
provision
accordance
with
....
2,159,703
174,211
186,382
2,489
—
—
2,301,533
—
_
671
$333,556
t$14,704
for U. S. Federal income tax has been computed
the terms of the proposed Revenue Act of 1942,
in
as
the
under
one
all
up
United
telephone
Telephone
with
world."—V.
and
also
which
each
156,
of
&' T.
T.
&
and
of
Sept.
right
156,
has
the
with
main
Brazil,
first
contested
of
the
"death
in
the
first
Net
Net
two
American
and
States
»
coun¬
the
under
last
the
of
sentence
was
case
that
of
power
the
of
for
the
by
the
Gas
Co.,
a
shall
security
company,
public
holders
authorize
the
such
of
operating
companies,
sentence
after
company
from
that
of
was
has
Jacksonville
"When the Act says
change in the
the
subsidiary
security
Commission
why
its
(B)
virtually
and $3 on Jan. 2, 1942.
Distributions of.
AprlM, July 1 and Oct, 17, 1941. Arrearages
reported to amount to $22.50 per share.-—s
Higher— ~
1942—4 Wks.—1941
1942—36 Wks.—1941
$4,106,589
$3,248,572 $35,842,925 $25,950,213
V
79,477
railway,
railway—!!,;
;
.
1,921,031
991,060
446,710
income
783.
'■
GG'G' X % >-■;
v!.-!
1941
$213,317
110,774
61,356
*
1,627,956
899,713
562,900
1939
1940
$168,718
73,023
28,708
1,452,114
$245,783
151,563
102,895
1,820,169
764,306
971,619
463,225
638,739
Dividend—
Utilities Co.—Final Preferred
Oct.
on
the 7%
preferred
it is announced.
17,
of
sale
the
Southeastern
company's
Kansas properties
was
re¬
Commission (see under
156, p. 339).—V. 156, p. 343.
,"•/
share has been declared on
of 20 cents per
;
the common
payable Oct. 20 to holders of record Oct. 10.
A like amount
paid on April 20 and July 20, last, as against 50 cents on Jan. 20,
Payments during 1941 were as follows:
Jan. 28, 70 cents, and
corporation
cents
cents each.—V. 156, p. 696,
Dividend—
a
regular semi-annual distribution of
their Medium Priced Bond Fund, series B-2,,
announces
share
per
on
Sept. 30 entirely from interest
April 15, last, was $1.30 per
from interest received
and 50 cents per share from profits realized on
sales of securities
ownd (see V! 155, p. 1409).—V. 156, p. 866.
of which 80 cents per share was derived
share,
unlimited
any
Theodore
in
nothing
require
company
director
voting
this
change in
which is not a
when
theory
that
its
holders
of
require
equitably
such
such
distributing
company,'
change
if
it
it
voting
clearly
be
for
;
exception
included
in
the Act?
that
Con¬
to
voting power in a holding company system
may
Superintendent
one
steel mills, has been elected
of Charles W. LaPorte, deceased.
of the
year
be accom¬
plished by adjustments in the corporate structure of the holding com¬
Co.—Brooklyn
Union Gas Co. Ruled
Sub¬
Securities
and
Exchange
Commission on Sept. 27 has
denied
Koppers United Co., top company in the Koppersorder declaring that the Brooklyn Union Gas Co. .s
not its' subsidiary:
and by the Brooklyn Union Gas Co. declaring it
not to be a subsidiary of the Koppers Co. or Koppers United Co. under
purpose,"
If
P. Sommer, Vicealso expired, have
three-year terms.
1052,
p.
Koppers
The
1
the quoted
Sommer,
156,
applications
system
for
power
implies
that
has been elected as
A. G. Heidrich, whose term
company,
sidiary by SEC—
that the Commission is not authorized'to require
structure of an operating utility, 'except
and
the
power
and has permitted company
its set-up was not dissimilar
Co.
Gas
H.
for
fill the unexpired term of
—V.
refunding proposals made
the
of
W.
reelected
A.
to
on
Counsel
Baer,
three-year term, succeeding
a
expiring.
been
principal business is that
upon
C.
for
H. Sommer, President, and D.
President and General Superintendent, whose terms
is
any
withhold such power, that intent would have been
evidenced beyond debate by simply omitting the quoted exception.
Its
inclusion
in
the
Act
must
be
given appropriate significance and
weight."
"The Act contemplates that ordinarily the fair and equitable dis¬
of
were
payable Oct. 15 to stockholders of record
received.
The previous distribution, on
(2), which reads:
company,
to
whose
operated
debt
fairly
may
was
intended
tribution
■
1942,
1,
1942,
dividend of $1.50 per share will be paid
on
The
80
of the
Judge Strum held.
gress
,
Oct. 1 paid a dividend of $1.75 per share on account,
the 7% cumulative preferred stock to holders of
like amount was paid on July 1, last, as compared
April 21,, July 21 and Oct. 20, 20
corporate
of
purpose
the
.■
1942.
extremely limited,
refund
to
any
among
%
.
1—
dividend
was
utility
company."
years" the Commission, in passing
the
/
Preferred Dividend—
stock,
section
equitably distributing
Commission
existence of
or
11
and
of any company
or
had
Commission
fairly
of
purpose
the
among
For
'
Keystone Custodian. Funds, Inc.—80-Cent
that
corporate, structure
a
;
Keystone Steel & Wire Co.—New Directorsfound
Strum
holding
10 shares of
and income notes, at
principal amount of
Kennedy's, Inc.—20-Cent Dividend—
A
that section, 11
(B)
(2), the Commission
the Federal Court in Jacksonville, Fla., on
under the last sentence of Section
paragraph
bonds*, and
cently approved by the Securities and Exchange
enforcement.
"Except
696.
Continental Gas & Electric Corp, in V,
Gas
&
Power Co.
Judge Strum. upheld in its entirety a
voluntary plan for reorganization submitted to the SEC by Jacksonville
Gas Co. and in turn submitted by the Commission to the
court for
Judge
so
All the new bonds and 34,900 shares
the present first mortgage bondholders
income!—
156, p.
stock
American
powers
p.
oper.
final
A
to Require New Set-
corporate simplification
the Jacksonville
assets
(4-,24 £••-)—•8hares-.of— rrew-^tock-WQuld—
'
Kansas
Judge Strum's"opinion.
The
to
1942
$298,559
166,960
from
—V.
; First news of the opinion, handed down by Judge Louie W. Strum,,
upholding every contention ol the Commission and establishing its
powers on a
far higher plane than the Commission' itself for years
failed to establish, reached the Commission Sept. 24 with the "arrival
of
the
for
the
involving an operating company, and
determining the power of the Commission
won
a
sweeping victory in
Sept. 22.
to
,
clause
anywhere
consideration
As
'
Sept. 12—
oper.
ry.
The
under
case
sentence"
case
be formed
shall
corporation
new
in cash, for each principal amount of old first
railway,....*.
from
Gross
large
radiotelephone
the
United
the
the
ry.
an
the
power—
of Section 11 (Bi (2) of the
the creditors, who are now
Oklahoma & Gulf Ry.—Earnings—
From Jan.
of an operating company, if such action is in
equitable distribution of the voting power of the concern,
been affirmed by a Federal District Court.
just
In
a
railway,,,!!..
from
'
taken from the New York "Times" of Sept. 25:
the Securities and Exchange Commission to require
of
was
real value of
the
estimate ol'
exercise the entire voting
866.
p.
from
Gross
Net
reorganization
with
$5,-
was
1942,
2458.
p.
Kansas
The following is
The
31,
May
on
April
1,
August—
Up to Adjust Voting Power
line
that
follows:
156,
A
25.
on
July
Net
southern
of
one
of
606.
fication—Court Affirms Its Right
complete
of
the present holders of debentures
one
share of stock for each $1,000
$2.50
—V.
•
most
connect
other,
p.
1941,
surplus were $6,161,557.
radio
manufacturing
Argentina,
Spain
operate
SEC's
the
31,
Dec.
as
principal amount of new
$400
plus $12.50
Period End.
Telephone
Federal
name,
I.
and
telephone
a
States.
systems
Rico
They
facilities
telephone
the
"Else
long-term debt..——_——__
of debt discount and expense....
interest
Other
by
in
Puerto
wire
established
head
of
book
the meaning
stock
the new
of
value.—V.
155,
program
war
manufacturing companies, I. T. & T. subsidiaries
Mexico.
ana
of
will
as
and
Jewel Tea Co., Xwv—Sales Continue
v:"v;vvV-■'!v.V-:'vV:-vv,V- ;V';■ k''vv
Jacksonville Gas Co.—SEC Upheld in Suit on Simpli¬
the
Interest Charges of Parent Co.:
Interest
in
for
.
before deduct,
inc.
97,527
102,635
charges
(net)
come
tries
its
Cuba,
Peru,
stations
rest
to
the principal
systems
operate
which
operations
addition
operate
under
longrterm debt...
Other interest
Minority
104,256
212,668
$16,136,227 $14,359,195
5,103,831
4,223,067
....—
& for amort, of intang.
before profit
foreign
on
tax
—
(net)..
—...——
for deprec.
earns,
100,710
262,382
——.————.
...
earnings..
Operating, selling and general expenses
Maintenance and repairs.....—
1941
$15,181,706 $13,810,837
591,429
231,434
!!-.—
gross
"In
to
soon
Corp.,
research
and
;>:■
are
Radio
Chile,
departments.
During the six months' period ended June 30,
(Excluding Certain Important Subsidiaries as
&
debt
bondholders
notes.
as
company
of
company on
of
as
controlled
laboratories
into
companies
Co.. Inc.
the
than
$1.75 each were made on
radio
Telephone. & Radio Mfg. Corp. and:
in process of being merged under,the
name of Federal Telephone & Radio Corp>, secured a line of credit' up
to $10,000,000 from a group of 10
New York and New Jersey banks,
to
assist these subsidiaries in financing the manufacture of supplies
International
namely,
Federal Telegraph
of
income
accumulations
record
and (.laboratories, and
in J.U(ne,
1941,
the, latter
company
acquired control..;of the; Federal Telegraph
Co., gn_. important. pro¬
ducer of radio equipment and
radio transmitting*; tubes.
These two
sidiaries,
long-term
new
lactory
an
This
$2,625,000.
of
among
of
The
of
equip¬
radio
and
agreement executed as of Aug. 20, 1942, in accordance
with the provisions for guaranteed loans under Regulation "V" of the
Federal Reserve Board,
two of the corporation's manufacturing sub¬
Under
valuation
a
Jeannette Glass Co.—$1.75
the
been
cable
fitted
organized
and
prin¬
ruled that "the present capital stock obvi¬
equity in the company."
; ;:' V :Vv,G,;-
and
rate
rate
tion
and
Radio
Corp.
relied
Commission
as
between. 6.6% and 5.9%, after Fed¬
outcome of pending tax bills, the
the
capitalization
claim
Sales
I.
the
power.
debentures and notes.
Nothing would go to the old stockhold¬
ers, who would be eliminated, including American
Gas & Power.
Answering critics of the plan, Judge Strum said that he concurred
with the Commission in its basis of computation and in its determina¬
manner.
in
of
class
present
States
rented,
mostly
President, states:
Manufacturing
single
Judge Strum
the
tributed
the development of
States has come largely
United
factories
country
total
total
contemplates
stock,
new
"but
primarily to_ supply
America,
T.
timely
a
Gas's
prospective gross annual
Federal taxes, and upon
this
before
reached
upon
inequity within
old
the
with
have
world,
the
in
8%,
mortgage bonds.
—T-Tho—remaining—4;548
arises' to'
United
the
in
space,
telegraph,
the
for the
to
of
T.
&
of
rest
-Established
1940.
T.
telephone,
with
owners," Judge Strum held.
(95.76%)
and
subsidiaries
feet
SEC
voting power should be vested in
plan
the
of
persons.
I.
real
at
ultimately transfer all
its extensive research
present time the manufactur¬
is
Com¬
refunding
future
should an
the
company would
issue to the present company new
5% bonds in the principal amount of $1,745,000 ( 50%>;
of the present principal, and 34,448 shares of common stock, $25 par,
carrying the voting power of the new company.
The new securities would be distributed among the security holders
iV;■
:
the
At
square
of
of
The
acquired
consideration of
opportunity
of its
first, mortgage
construction will
the factory—about
of
value
of
actually yield
far more
or
debentures
Then
the
1
acquire all the assets and to assume all the obligations of the present
'company except the presently outstanding first mortgage bonds, income
which
arrangements
up for the
unit
"As
manufacturing
5,500
subsidiaries
first
as
completed,
be
may
street
days.
property
the
on
its
total
obvious
the
fundamental
Each unit will
be coordinated
plant.
in
■/•
...
unlikely that the
seem
the capitalization of earning
the holders of this stock now
"Yet
an
in
acres
and
the
property,
Act.
a
space.
company's
manufacturers
option
are
T.'s. plan
&
800,000
throughout
the
125
at
will
company's
ously has no
The
States.
modern
details
and
few
a
adds:
site.
new
the
approximately
"Other
largest
ment
of
of
T.
American
than
more
I.
the
to
activities
occupy
in
further
factory,
and
up its
technical
operating
of
United
following
units
take
and
Council
announcement
of
home
the
actual value
the
as
•■
Jacksonville
of
was
company,
depending
$4,007,713,
v.:'AAvAC'A!
efficient
an
to
immediately
feet
square
The
since
& Telegraph
of
Municipal
needs
International Telephone
V
expects
The
the
promptly
located in
I. T. & T.'s
approximately
;
in
the
in
of
AAvvo
form
financial
alteration
become
consists
done
said.
'
be
to
50%
owns
new
return
taxes,
SEC
proceed
to
factory
new
flexibility for expansion.
will be so designed as to
yet
to
a
operations
constructed
and
certain
of
eventually
great
units
plans
announced
great
a
determination
the
eral
the
Manufac¬
as
would
time
reorganization
capitalized
of
rate
Since
Co.,
it has
what
voluntary plan for reorganization, calling
a
now
of
of
The
unit
project
be
corporation
as
incluuing
'
7,370,124
750,652
*253,701
Telephone
acted
ultimate
498,231,
manufacturing
Far East),-
(principally
Europe and
its
income,
America, and of
of
International
South
times
cipally upon this method, adopting $210,000
of
operation
the
accounts
of
Nutley has already introduced and which
or
■•/:-
8,948,439
^1,874,948
income...
2,661,426 % ' 793,485
156, p. 866.
^
oper.
1940
$929,389
145,219
•
314,873
:v'v
A
.
railway.—..— '
from
Net
•
railway.—
from
1941
1
$1,245,527
-
692,398
income—
oper.
From Jan. 1—
Gross
866,924
railway—-.—
in
Care for American
.
will
other
enlarge
RR.—Earnings—
International Great Northern
Gross
at
manager
the
first
will
the
self-sufficient
The
-
'
■
-
the Endicott plant, has
been appointed to a newly-created post in the I. B. M. educational
department, in which he will lurther coordinate educational activities'
of the organization with those of .its, field .forces.-—V. 156, p. 1050.
Crotsley,
which
with
domestic plants and in its Toronto
M.
♦
i
E.
Walter
•
be
the
In
subsidiaries, American Cable & Radio
Spanish
24
Sept.
on
Clifton.
lactory
plan
Poughkeepsie- plant, -to-the-^©(6Rkm-o^-«ii>epvteo*~«l~tfee-fa«t«-F-y~
training
-
the
manufacturing
for
and
The
superintendent, succeeding Mr. Lewis.
also,.announced the appointment of Frank H„ Welsh
has been serving as head of .the factory training program
who
and
The
countries
Plant to
ol
which
and
selected
Nutley
company
the
>
various
the German
New
corporation
Jersey,
site
Endicott, will become assistant
in
in
subsidiaries,
its
Indies
subsidiaries.
Corp. and its subsidiaries
located
construction
research
-
•
Electric
Build
The
with
appointed
West
primarily
two
■
Gas
basis
of
company,
turing Operations—Two Units to be Merged—
New
was
the
in
accounts of
and
To
Manager for all the company's plants in Endicott, Washington iD. C.l,
and Poughkeepsie, N. -Y., was announced on Sept. 26 by
facturing- consultant in. Europe.
engaged
domestic
The
ended
months
six
parent
so much as a hot
immediately .asked
was
stock—common.
income
Mexican Tele¬
phone Co,, and the Shanghai Telephone Co. have not been consolidated.
Corp,
Rochester
ton
are
the
however,Judge
observers,
bouquet
to undo
would seek
now
than
more
presented
American
$1,727,930
the
for
of
accounts
a
question
a new company on a more realistic debt basis and the
elimination of the American Gas & Power Co. as the holding company.
'%;A;U:';A'- %A); a
account
the
The
reasons.
spokesman said that it
having
company
U. S. Federal income and excess profits
income
only
which
its
subsidiaries
and
ration's
Thomas J. Watson,
includes
two
organization of
4,008
yAAA;';,;:'\
.
consolidated
properties
of
Standard
appointment of James G. Johnston, Superintendent of the corpo¬
Endicott, N. Y„ factory, to the position of General Works
The
'V"
•. ■■■.
1942.
30,
subsidiaries
its
Business Machines Corp.—Promotions—
International
AG
■ ■
Note—The
June
to
and
ployees,
competent
.such a plan. ;;'■
The Jacksonville Gas case came about several months
ago, when the
'■■■; 67i
$1,913,369
end."
that,
of
and again with favor toward
high percentage of debt, could in
reverse its procedure by
applying the "Jacksonville formula"
Operating company' in the same category come before the
186,382
4,325
2,489
-vy:
-
view
plans of companies with
341,167
174,211
V..
expense.
for
be
SEC
mission,
'
loss
.taxes.
on
stock subscription plan for salaried officers and em¬
act upon a proposal to reduce the authorized capital
.stock to 1,474,130 common and 50,000 preferred shares, through retire¬
ment of 25,870 common shares now held
in the treasury.
Under the
stock subscription plan 40,000 common shares in the years from 1942
to
1946 would be offered to officers and employees selected by the
board, at prices not to exceed the average market price nor less
than 75%
of the average market price, with not more than 10,000
shares so offered each year.—V. 156, p. 1050.
employees'
an
and
to
An
1,202,896
356,775
accomplish
the
handing the Commission
present assets.
757,470
1,109,623
charges
"No provision is required for
.
693,305
subsidiaries.!.....
to
found
$764,664
notes..
of debt discount
2,880
$427,359
golds debenture bonds
4Ms%. and 5%
interest
Other
;
^
5V
on
income
Amortization
share paid previously each quarter.
last, as compared with 40 cents per
—V.
on
Interest
dividend of 30 .cents per share on the
a
value, payable Oct. 15 to holders of record
similar distribution was made on this issue en July 15,,
stock,
on
before deducting interest charges
4',2% gold debenture bonds...
Net
,$761,784;
.
not
of.'the'utility field to refund its debt.^*
Many of the companies were in a position at. least relatively com¬
parable to that of Jacksonville Gas, whose total long-term debt was
Cr378,125
Cr364,750
...
Interest
Indianapolis Power & Light Co.—30-Cent Dividend—
common
expenses
Net
to
ruling,, in
was
iJennitting:.about' 90^
840,082
955,135
'
...........
particular operating utility, even though a compre¬
reorganization, affecting all classes of security hold¬
Whether the Commission
$1,018,518
earnings before profit or loss on foreign
/"
exchange, „!!!■!—$428,200:.
$428,200
Dmi
Profit on foreign exchange (net)
0r841
—V. 156, p. 865.
<
expenses
Rent and portion of
$1,328,734
333,773
$628,149
41 >089
$99,509
$962,727
334,578
$141,198
41,734
$77,107
V
General
' " $694,481'
*
1
so
potato—-and
;v32,899A A / 34,994
Provision for depreciation..!.*.
*
■
4,226 V V
3,428
Rent to International Telephone Building Corp.
242,290
320,012
Charges to spbsidiaries-r'
Management and service fees
Cr603,519
Cr563,657
-
fixed
for
charges
Net
.
earnings .1..—1
Total
that
necessary
Strum
'
Net
of
internal
is
ers,
the
of
an
provisions of the Public Utility Act of 1935.
Commission also denied applications by
The
order
Fuel
Koppers
Eastern
Co.;
Gas
for
an
Koppers Co.
not a holding company;
order declaring it not to
declaring that it is
Associates
for art
by Eastern _Gas &
be a subsidiary of
by Koppers United Co., Fuel Investment Associates, and
Associates for an order declaring that Brockton
& Fuel
Light Co. is not a subsidiary of said companies.
.
..
In its findings and opinion the Commission states that Koppers
owns.'"directly and through wholly-owned subsidiaries, 23.87%
of
Gas
Co.
the
THE COMMERCIAL & FINANCIAL CHRONICLE
1240
securities
voting
of
Brooklyn
and
Union
directly
owns
14.59'%
of
the
Lehigh
Commission
The
holding
a
com¬
section
J.
more
pany.—V.
156,
Oct.
P.
Gordon
Selfridge Jr.
of
this
has
resigned
corporation.
No
assistant
as
has
successor
to
S.
been
S.
at
Kresge,
Grove,
England
The
charge of the provincial stores of Selfridge & Co.,
Gordon Selfridge.—V. 155, p. 2280.
in
was
the
from
amount
Oct.
payment
dividend
a
stock, par $1, payable Oct.
common
like
A
declared
disbursed
was
16,
1939,. to and including Jan.
omitted,—V. 156, p. 1152.
16,
was
12 Vz
cents
on
1942
Gross from railway—$7,313,946
Net from railway.——
2,947,641
last, and in each quarter
16, 1942.
The April, 1942,
Net
From Jan. .1—
from
Net
ry.
•
Childress,
of
amendment
Corp.,
plan of
the
to
President
of
Sept.
on
•
Laclede
the
of Laclede Power &
Ogden
Light
Gas
Light Co.,
29
Co.;
•
L..
C.
owned
sale
12,
The
to
Laclede
after
after
ry.
Union
Gas.
Electric
from
the
has
its
Union
Laclede
of
to
its
share
share.
Power's
This
cash.
own
Electric
This
of $8,000,000
reduction
that
means
the
of
Laclede
The
remaining $2,000,000
000,000 principal
of first mortgage 5%
amount of second
charged at face amount
mortgage bonds or
new
debentures
stock.
time
the
the
preferred
or
the
by
first
issue
first
and
sale
general
the
to
business
income
factors
tax
laws
in
now
of
course
Present
stock,
their
$5
new
preferred
held.
par
all
stock
The
present
final
for each
future,
return
for
collateral trust
of
proceeds
from
the
will receive
cancellation
notes of Laclede
sale
the
of
stock.
common
of
Laclede
by
it
the
For
Missouri
both
all
the
of
of
the
20
deliver
new
and
with
complying
ana
share,
to
will
of
existing
(b)
will
be
split
shares
of
of
present
stock
common
resigned,
recently
declared
payable
Sept.
dividend
a
30
holders
to
last,, an extra of $3 and
a
of
$5
the
Laclede
for
of
of
from
Net
ry.
from
ry.
Net
ry.
share
per
record
Sept.
were
on
the
18.
On
paid.—V.
147,
1940
1939
$513,384
$468,226
195,511
307,215
387,962
350,811
income
—V.
*41,505
287,418
2,205,824
railway.——
1,283,639
1,536,278
1,383,492
771,710
income—_
559,460
$1,110,950
106
56
Lewis
years.—V.
has
business.
773,940
432,602
927,647
been
appointed
He
has
p.
55,272
35,834
5,844
$8,619,010
$1,391,898
$1,116,850
7,012,887
6,528,270
940,870
'
961,955
133,828
120,079
The
stock,
been
4%
on
Assistant
as
associated
Feb.
dividend
a
26
1
to
and
and 1941.—V.
1940
Provident
to
Trust
Philadelphia,
bonds,
with
of
holders
Aug.
1,
75
of
in
Secretary
the
charge
organization
for
cents
and
per
15.
on
the
A
share
Oct.
on
$317,200
$156,902
678,815
178.469
86,226
$449,970
1,
like
Aug.
1
for
for
Co.
Pa.,
the
account
of
will
sale
to
of
Philadelphia, trustee,
until
it
the
12
o'clock
17th
658
August—
to
$450,730
Net
ry.
Oct.
5,
funding and improvement mortgage
sinking fund, to an amount sufficient
and interest.—V. 156
i
1942
1941
1940
1939
railway-
$316,714
$199,623
$144,846
$128,610
154,079
86,495
47,233
32,911
income—
24,042
28,176
19,953
8,541
oper.
From Jan. 1—from
Gross
Net
from
Net
ry.
—V.
railway
railway
oper.
156, p.
income...
2,332,207
1,415,594
1,073,492
1,120,354
569,278
353,708
283,846
229,587
143,888
from
Net
from
ry.
315,566
108,917
RR.—Earnings—
1942
August—
Gross
1,023,812
*
866.
Lehigh & New England
Net
railway
railway
oper.
income
1941
1940
1939
$633,554
$562,496
$375,545
$348,715
300,260
283,079
144,587
126,274
180,266
117,633
106,260
103,106
From Jan. 1—
Gross
from
Net
from
Net
ry.
*—V.
J.:1/,
railway
railway
oper,
—
1.
_
—A
71,268
;
i
...—
542,028
(Magnavox Co.,
525,674
67,360
Gross
Rentals
amortization,
1941
1942
$1,633,373
$835,723
549,128
421,837
taxes)—
82,672
etc.————-
93,954
45,240
76,634
personal,
estate,
and
profit
expenses—
etc.
$2^2,012
$907,619^
:
...
equipment, royalties received,
"
6.381
etc.—
profit
5,218
$297,230
$914,000
expense
profits
excess
...
14,883
5,815,
141,000
56,000
...
taxes..
for Federal
Provision
"$76,217
2#
Feb.
Ended
Provision for Federal income and declared value
profit
$403,447
real
on
Interest
64.973
1,272
—......
Inc.), Years
sale of manufactured products.
on
(incl.
49
$70,737'
$138,767
540,915
debt-
....
438,000
50,000
$320,117
$185,415
profits tax____..__
excess
$5,764
$71,407
156, p. 783.
Net
.
V
'
profit, for
railway
:
year_._._
Unaudited
-Earnings1941
1942
\
.
1939
1940
V
'? %
$936,238
569,761
396,169
224,803
217,046
Cash in
147,032
211,679
121,192
133,676
U.
$620,597.
$683,231
$
railway..—-
9,348,561
6,612,795
5,301,741
2,663,487
1,788,456
1,480,380
1,612,066
1,429,101,
>
984,395
Balance
Sheet,
May
<
-
%
$24,513
.•
banks and
hand
on
:
...
S.
"inventories^ir^——1,188,369'
Investments, at or below
828,568
-
Fixed
assets
from
Net
,
—A—
'
—.
trade-marks—63,857
ry.
%
1939 :"'V
';
1940
::
$8,191,747
$7,459,464
2,174,108
1,974,941
Notes
1,677,584
2,689,162
1,457,091
1,448,635
Accounts
Liabilities—
*
■
"
.
wages,
$311,184
358,430
commissions,
royalties, etc....—
63,875,474
54,909,434
Federal, State and local taxes
Notes,
41,407,062
26,096,341; .16,054,659
13.496,014
income...
13,381,974
16,413,101: 10,613,348
8,564,936
payable, due Aug.
of
Interest
—V.; 156, p. 607.
'
-l
payable,
payable—trade
Accrued
75,827,820
102,880
L—i---—; $2,767,678.
4,085,043
railway—105,427,895
oper.
Total
6,593,085
,
--"
-
railway—....
from
Net
1941'.:%
1942
railway—*. $15,204,268 $10,447,418
5,027
'■409,181
cost
(net)...—^
and
Patents
railway...—
1943
31,
Treasury certificates...———.—u_„_
25,000
Accounts
receivable..948,852
4,647,767
3,813,346
Assets—
..
Consolidated
(Magnavox Co., Ltd. and Subsidiary company)
v
$1,379,928
income.—
ry.
minority
Capital stock
1,
;
193,527
—;
780,820
.....
34,545
1943——i——
holders
common
10,523.
(par $1*
stock,
Capital surplus
Earned surplus
Corp.—Smaller Dividend—
quarterly dividend of 50 cents per share has been declared
This
on
the
4ftr
322,493
VIM Nf
-V,
income—
■
H.
E.
Rollins
&
Inc.;
Stubbs,
Sons.,
Inc.;
Stroud
Eastman,
Inc.;
Co.,
&
Dillon
Graham,
&
\
A
Co.;
revenues J
Operating
&
Net
be used to discharge the remaining balance of a $2,»
made by Philadelphia and New York banks on April 27,
connection with the company's retirement of its first mort-,
in
The
to
debt.
■
the
due. from
outstanding
only
Joint facil.
rents
$395,114
204,055
87,452
Cr78
j
rents
Net
J
(Dn__
18,907
1,400,693
L
944,043
Dr64,509
22,446
$225,184
$3,300,707
$3,393,189
.
:
$9,812,560
6,511,853:
Drl93,408
176,995
the
States
new
Government,
$2,200,000
of
the
43A%
company
have
voted
debentures,
Net
and
—V.
156, p. 1152.
to
the
change
name
184,876
$285,294
$1,750,992
$1,978,380
46,379
422,077
the
company
approved
3,455,182
2,885,666
2,701,189
1,499,211
1,038,698
949,604
plan of reorganization of The Magnavox Co.
984,224
983,306
776,646
756,307
which
ercised In whole
predecessor
or
of
78.833
Company's
(an
Arizona Corporation),
subsidiary,
in part at any time or times
prior
income
3 00,118
$331,673 / $2,173,069
162,402
1,273,578
$304,017
$2,278,498.
1,311,251
<■
156,138
income
156,
$169,271
$147,879
$967,247*
$899,491
866.
p.
Manhattan Bond Fund, Inc.—Extra Dividend—
of
The directors have declared
the purchase of the property and
assets
of company's subsidiary and the action of the directors and
officers taken in connection therewith, including the modification of
the option to R. A. O'Connor for the purchase of 7,500 shares of the
common capital stock of company's subsidiary.
Under date of April 1, 1942, the company, as a part of a program
to simplify its corporate structure by eliminating its subsidiary
(The
Magnavox Co., Inc.), acquired all of the property and assets of the
latter.
The purchase was on the basis of the book value of the prop¬
erty and assets, which, after deducting the liabilities of the subsidiary
which were assumed, amounted to $924,488, and the said sum is to be
paid on or before April 1, 1943, with interest at the rate of 3% per
annum.
In addition thereto, the company assumed all the subsidiary's
uncompleted contracts.
•
It is planned to dissolve the subsidiary corporation as soon as the
legal requirements of the State of Indiana can be fulfilled.
Directors
deemed it advisable and in the best interests of the company to acquire
the stock of the subsidiary which was owned by minority shareholders
and likewise make disposition of an outstanding option for the purchase
of 7,500 shares of the common stock of the subsidiary which had been
issued to R. A. O'Connor and which was assumed by the company at
the time of the purchase of the said property and assets.
The said
option was issued to R. A. O'Connor, its, president, as a part of the
the
income
Deductions
'
also
income.
oper.
will
Co.
stockholders
was
Other
Gross
financing,? except for a $2,337,500
loan secured by a substantially ' equal
United
ry.
,
new
Co., Ltd.—Changes Name—
stockholders
Magnavox
The
$434,453
Crl3,693
revenues
oper.
Equipment
1942—8 Mos.—1941
$1,248,482 $11,462,868
853,368
8,069,679
982,539
will
giving effect to the
five-year serial 2.15%
bank
have
$1,416,992
...
■%.——A...1
Taxes
Co.;
1942—Month—1941
expenses
Whiting,
Parsons
and Bond & Goodwin, Inc.
; V
public offering of the debentures is expected to be made next week.
Proceeds
RR.—Earnings—
Period End. Aug. 31—
Operating
a
&
$2,767,678
——
1152.
p.
'
;'
post-effective amendment filed with the Securities and Ex¬
change Commission the company has listed the following underwriters
for its forthcoming issue of $2,200,000 of 4%%
sinking fund deben¬
By
1,606,893
156,
Maine Central
4,107,279
156, p. 783.
76,054
£ 680,102
——
———'.
Total
$25, payable Oct. 13 to holders of record Oct, 5.
with 75 cents paid on July 13, last, and 90 cents per
previously each quarter.—V. 156, p. 81.
par
compares
share
Chestnut
railway..——
from
212,500
■
$2,652,477
Depreciation
12
6
29
:
$944,362
debt——
Magnavox
and
E.W.T.,
noon,
of
Lehigh & Hudson River Ry.—Earnings—
from
1,694
34,545
1943—..
——
Statement
profit
Taxes
$70,67$*
$138,731
102
530
railwayi.i%.t;
income...
from
amount
Feb.
4
Net
Gross
$943,746
...
from
Net
gage
156, p. 81.
1052.
Gross
1,
V
$1,128,785
After
record
last,
exhaust $13,830.27, at prices not to exceed 105
p.
135,544
.1—.
'
200,000 loan
payable Oct.
paid
bids
82,149
—.
658,587
retirement).
$5)
(par
surplus
Income
$2,052,905
317,976 shares of common stock.—V.
receive
royalties, etc
839,869
1,049,147
August—
Gross
Lehigh Coal & Navigation Co.—Tenders^—
Sts.,
370,577
—....
Total
Biddle, Wbelen & Co.; Boenning & Co.,
1754.
155,
directors have declared
Oct. 28,
$442,909
—
—
Deferred--charges, .t.*..'u—
1942,
and
—
preferred stock.
on
payable, due Aug.
Earned
155,022
Louisville & Nashville RR. —Earnings—
Weeks
Lee Rubber & Tire Corp.—75-Cent Dividend—
was
(called for
Capital surplus
$10,114,939
—
Lukens Steel Co.—Underwriters Named—
156, p. 866.
30
amount
Notes
Capital stock
1,459,450
L.
commissions,
wages,
Dividends
1942—8 Mos.—1941
276,176
2,431,195
new
J—'
payable—Trade
Federal, State and local taxes
156, p. 866.
capital
32,662
of
:
_
100,676
156,
$1,355,958
oper.
tures:
common
1942.—V.
1,
531
income
from
ry.
A
1941
Lawyers Mortgage Corp.—New Officer Appointed-
The
Oct.
$8,563,207
x*ailway—
from
Net
RR.—Earnings—
2,353,357
"Loss—V.
John
effective
v.-'":- 455
oper. income
From Jan. 1—
railway——
oper.
110,764.
payable—Bank.
Accrued
From Jan. 1—
Gross
;
$441,745
railway
from
63.553
charges
Accounts
receive"
to
1942
oper.
Net
Notes
$9,959,462
'
oper.
Net
each
$343,203
%
railway.
from
308,032
,
and
revenue
from
Net
From Jan. 1—
Gross
25,891
...
;
...
inet)—
.
August—
Net
trade-marks
$2,652,477
1942—Month—1941
Lowell Electric Light
from
1,614,223'
etc
1
(net)
and
Deferred
Corp.—Earnings
expenses
loss
Net
then
1,
.
Lake Superior & Ishpeming
Gross
$13,280'
....
.516,734
advances,
assets
Patents
'■%
Louisiana & Arkansas Ry>
Gas,
which
entitled
regular of $2
(Magnavox Co., Inc.)
hand
011
par
State
in
stock
$2
Sheet, Feb. 28, 1942
:
"•
■
transp.
unfunded
and
received
696.
p.
322,493
...
Investments,
ltment-
Corp.^Ap
31—
revenue
'Deficit.—V.
stockholders
Gas
shares
is
(par $1).^..—
232,515
>■:
from
income
Net
which
Gross
directors
■
4,,247,507
354,344
income
on
Lago Petroleum Corp.—S2 Dividend—
3916.
4,059,338
1,081,043
86
Net
P.
5,279,237
2,048,829
income
on
Laclede
preferred stock is entitled to receive will be cancelled..
stock,
203,493
Thompson,
•'
funded
Int.
Int.
portion
to
of
common
$113
20,865
receivable
Accounts
17,,105,821
1,109,160
Gross
new
stock the holders thereof will relinquish
appertaining to the preferred stock and 9
preferred' stock which each holder of one
regulatory bodies having, jurisdiction.—V. 156,
March 31,
275,330
16,548,873
6,504,405
other ry.
oper.
Gross
20
'■ A.;'
...
Inm—
Inventories
879,338
360,477
income.—'
August—■
laws
$285,867
int.)—
etc.———
banks and
in
Total
be cancelled.
The resulting surplus created will amount to
$11,214,850 and will to the extent necessary be used by Laclede
to make any adjustments of its balance sheet required
by any
common
$2 ,516,425'
18,024,604
866.
Operating
also
The
Cash
721,212
Interest
%
the
other
Laclede
stock
common
••
taxes,
the Magnavox Co.,
Fixed
operations
Miscell.
of
about
Gas
1940
,
22,704,375
revenue
rev.
from
Net
preferred
share
one
income...
railway—
Taxes
fair.
Similarly, 19 shares out of the 20 shares of
holder
the
(98.86%
268-
Selling, general and administrative
and
of
held.
properties
of
common
equitable
as
per
preferences
share of present
of
preferred
value
of
will
Corp.
shares
shall fix
present
par
rights ' and
out
such
purpose
the
$100
the.case
in
Ogden
Power
the SEC
as
1939
924,800
1941
■
stock now
is entitled, and (c) for the assess transferred by
Laclede Gas,
will receive 1,500,000 shares of new
to
"
$2,492,915
Operating
$2,000,000 prin¬
Gas,
electric
be
31,.
(Magnavox Co., Ltd.)
1942
etc....
Balance
1,050,702
Depreciation
preferred
share
now
of
would
he
until Dec.
run
Assets—
$2,794,497
Operating
amount
shares
11
one
stock
common
the
(al
which
to
$286,135
;
1,442,853
Dewey
coach
the
thereon,
receive
share of such preferred
stockholders
common
in
their
for
dividends
will
option
_
'
corporation announces the appoints ent.of Purd B. Wright Jr.
of its "Incor" Division and ak Advertising Manager, to
Other
provisions
Laclede Power
Power
•,*
railway—
1053.
Rev.
the
will be
passage
Gas
unpaid
and
the
in
stock for each share of
Ogden Corp.,
cipal amount
Laclede
of
accrued
dividends
common
$5 par common
the
stockholders
with
such
to
f
.
%
(;.
1942
$3,658,968
Passenger
whether first mortgage bonds or first
and debentures or preferred stock will be issued.
In
together
claim
j
'
.
/
""
Los Angeles Ry.
dis¬
at
$25,000,000 principal amount of debt or principal
plus par valpe of pyefeyred ,.<jtpqk will ht> Issued.
debt
'
Period End. Aug.
of
public of new
unsecured
event,
any
.
determining
mortgage bonds
the said
$37,500,
new
conditions
market
company.to
to'
agreed,
for each
option, or an aggregate of 63,750 shares,'at the'
of
Sheet, Feb. 28,
expenses,
Preferred stock
the $23,-
will be
bonds
bonds and
mortgage
The
and
bonds
mortgage 5V2 %
plan is finally approved by the SEC and the
Federal
p.
will be applied by Laclede
its first mort¬
money
•
Manager
succeed
principal amount of
bonds due in 1945.
In addition, all remaining assets
Power, except cash, will be transferred to Laclede Gas.
agreed
has
57,336"
the
as
has
company
$286,135
'
oper.
The
as
will
Gas
well
as
He
and
to
which'
amount
Liabilities—
entire proceeds
proceeds
783.
;
Lone Star Cement
electric properties remaining
sufficient to pay its liabilities
only
the
dividend.
stock of Magnavox Co., Inc
com,
Capital stock
on
for the
received
receive
to
option,
subsidiary
In"
subsidiary
the
•3,590,551
railway
from
ry.
shares of
7,500
7,223,464
4,122,940
—V. 156, p.
the
for
5%
Laclede
of
of
Co.
contract
A
8,369,881
7,393,879
price
Liabilities—
28,685,623
30,707,795
12,522,783
oper.
Net
in
Accrued
Due
36,763,913
from
Net
properties
signed with Union Electric Co.
was
Electric Co.
Power
exhausting
gage
of
to
Laclede
electric
342,009
7,416,866
the
time, 8V* shares of-its capital stock
the
the said
lieu
In
Total
From Jan. 1—
Gross
..
Union
by
Laclede
receive
of
Power
of debt of
electric properties
the
1942.
paid
bulk
and
Gas
reduction
the sale of
from
proceeds
plan proposes that Laclede Gas will receive the
be
Gas
the
for
these
of
Aug.
Laclede
by
Missouri
cash
the
of
Invest.
$3,481,669
767,646
505,304
railway——
from
Net
as of June 26,
1942, which latter amendment is being withdrawn
the companies concerned.
As in previous plans, the amendment now being filed contemplates
use
1,005,165
1,155,745
16,464,064
from
Net
filed
the
$3,742,910
1,900,459
.
of
stock
option
stock.
his
on
of his. option agreement,
surrendered his right
has
right
liquidating
a
that
at
Balance
•
48,724,359
August—
Gross
the
as
he
he exercises his
event
him
dividend
modification
a
Assets-
/?;%/•'1V/;/■
-
.k
V
of
him
to
the
entitled under
Long Island RR.—Earnings—
the
reorganization of Laclede
which was originally filed Sept. 4, 1941, with the Public Service Com¬
mission
of
Missouri
and
the
Securities
and
Exchange Commission.
This amendment, dated as of Sept. 15, 1942, supplants an amendment
by
;
J
•.
w
H. Brewster,
filing of an
Gas Light Co.
B.
in
share
liquidating
a
to
modification
'
1945.
1939
1940
income—
p.
*
accrue
deliver-to
r'Prepaid
1941
$5,187,571
1,340,706
railway
oper.
156,
'
•
V
and
announced
would
to
-
railway.——
from
Net
—V.
Wade
income—
oper.
ry.
has
accept
Pa.,;
switching
Diesel-electric
as
such
company delivery of
likewise surrendered the
original
:
'•//' '' '•
v
Earnings For August and Year To Date
■'
Gross
L,
Sayre,
Enginehouse, With headquarters"
/ %,
■;
^
1,000-horsepower
10
August—
„
record Oct. 9.
Laclede Gas Light Co.- -Files Amendment to Reorgan-
President
at
and
Of
from
demand
Sept.
,r%;
on,
ization Plan—
Harrod, President
Power, to
Bethlehem, Pa.
Shops
$145,000
consideration
be'
Motive
at
of
Co., Inc.; is liquidated, and R. A. O'Connor exercises
.would be entitled to receive a gross amount of ap¬
he
thereof, he has agreed
$750,000, R. W. Brown, President,
30.
The American Locomotive Co. was awarded
orders for half of the engines and the Electro-Motive Corp. the other
half.
share
per
16 to holders of
July
on
of
:
cost of approximately
a
-
have
directors
The
"'
Engines—
ordered
company
engines at
(G.) Krueger Brewing Co.—12^-Cent' Dividend—
■
Superintendent
Superintendent
now
/
iannounced
founded by his father, II.
Ltd.,
Assistant
now
Mitchell,
II.
Pa.
Sayre,
Selfridge was formerly with the Federated Department Stores, Inc.; and
in
Manager,
1
Orders Ten Diesel
Mr.
-' *!
option,
proximately
Power, to be Assistant to
with headquarters at Bethle¬
'•
to be Superintendent System Shops and
named.
appointments,1
Motive
Superintendent Motive I Power, with headquarters
Kresge Department Stores, Inc.—Resignation—
H.
General
Pa.
R.
following
■
and
John
the
announced
Superintendent
now
Alexander
President
28
1:
Laux,
hem,
431,
p.
If The Magnavox
RR.—Appointments—
Sept,
on
Vice-President
provides
company
company
effective
(A) (7) (A) of the Holding Company Act.
This
briefly that the term "holding company" means any
which owns directly or indirectly with power to vote 10%
of the outstanding voting securities of a public utility com¬
under Section 2
pany
or
therefore, that Koppers Co. is
says,
Valley
his
voting securities of Eastern Gas & Fuel Associates.
The
Monday,. October 5/ 1942
and
can
be
ex¬
to June 13, 1943.
in
addition
the
to
the
usual
stock,
common
holders of record Oct.
last, and
V.
156,
one
an
extra dividend of two
quarterly dividend of 11
cents per share, both
10
5.
of two cents
per
payable
extra of three cents was paid
on
Jan. 15,
Oct. 15 to>
on April 15,
(compare V. 155,
1942
share'
share on
cents per
cents
An
par
1410).—
p.
1053.
p.
Market
Street Railway—Interest—
Quarterly
interest
at the rate of 5% per annum was paid Oct. 1,"
first mortgage 7% sinking fund gold bonds, series A,
presentation of bonds for stamping.
Interest Is payable
at office of Wells Fargo Bank & Union Trust Co., San Francisco, Calif."
—V. 156, p. 1053.
1942,
due
the
on
1940,
on
.
McColl-Frontenac Oil Co., Ltd.:—By-Laws Amended—
The
stockholders, at
approved
a special meeting held on Sept. 30, unanimously
by-law providing for removal of restrictions as to amount
a
and time of purchases of preferred shares for the sinking fund..
The new by-law authorizes the company to purchase its preferred
shares
ata
any
share
$104
a
each
fiscal
purchase
or
time at
and
year
a
price
accrued
the
redemption
of
not
exceeding the
dividends.
period
in
which
It
also
the
the preferred
redemption price
extends
company
shares
an
to
must
of.
end
of
expend
in
the
amount
equal
to'
at least
10% of the net revenue earned by the company during the
preceding fiscal year available for distribution
on
its
outstanding
common stock,
as certified by the auditors,—V. 156, p. 783.
■yolume" 156 ''Number'4113
McKesson
1241
Robbins, Inc.—Semi-Annual Report—W.
&
J. Murray, Jr.,' President, states
Debenture
in part:
with
accordance
celled,
Bank
their
sinking
been
the sinking fund
been-anticipated.
Loans—As
peak
June
at
Dec. 31,
on
30,
fund
covenant.
purchased,
requirements
current
the
Operating
can¬
half
first
Period Ended Aug. 31—
that
and
the
of
•Federal
1942,
to
Other
back
$5,950,000,
which
loans
had
at
had
Company
bank
Inventories
and
outstanding
similar
liqui¬
been
June
on
1942,
of
$600,000
1946.
retire,
Other
for
Reserve
-
world
as
/ the
the
six
ended
months
Dec.
whose
stock is
not
and
.only;
2,466,834
Net
be
./total
present
in
assets
of. the
mainland
War
Risk
77,049
1,794 ,072
799,303
Net
ry.
77,846
930 ,017
890,363
—V.
68,452
773,810
692,857
571
7,128
6,890
balance sheet
presently
$199,216
$298,147
buildings
and
located, .has'been
Consolidated -Income
company
at
risk
insurance
Account,
Six
Months
to
Ended
profit
'
from operations-^-.——-
profit
Interest
A
Miscellaneous
normal
Federal
excess
i
-
j
-
test
-A
1,601,930
Net
from
74,585
Net
ry.
5,324
$159,724
$1,325,030
$1,569,206
stocks
990,825
for'
and
of
The
cumulative
to
of
$85,379
months ended
12
for
Aug. 31,
the
preferred
current
Gross
Note—The
Federal
June
income
30,
the
at
consolidated
determination
of
and
combined
provided
45'/
of
rate
statement
State
profits
excess
has been
1942,
income
Federal,
for
for
taxes
—V.
'*
capable
of
recording
temperature
is
and
excess
stock
manufacturers,
Brown
R.- P.
announced.
company,
device
obtains
railway.!:.,.
•••--i s-'.'"-;
x
.,.
data
Chairman
of
*
in
impossible
Brown,
f'X.;
!_
/.
testing
obtain
of
by
engine
•'
Claims
v
for
refund of
income
on
inventories
months
357,916
345,412
156,
244,356
8,447,490
6,931,656
5,972,991
2,373,276
1,610,321
1,207,428
1,010,657
income___
1054.
!/ //
1,651,885
880,400
540,642
347,641
of
St. Paul &
Sault
Ste. Marie
Ryb
1942—Month—1941
$2,047,740
299,880
331,445
Ry.—Earns
Net
i__;
expenses
for
59,154
Other
/
V-Other assets
-
55,579
450 .764
.
138,892
136,675
;
and
after
taxes
//•/
595,067
advances!!—;
'
"Operating properties
988,090
S
$362,603
' 4,902,668
996,741
$730,991 / $1,341,179
"Rent for
9,699
'
leased
road
Reserve
for
15-year. 3Vs%
Deferred
•
120
--—-I
Federal
for
—_—,
Income
and
(prov. in excess of amounts -per
State
120
stock
Common
Capital
'
Earned
(less held in
treasury)----
surplus
reserves:
June
at
* After Federal
1942,
30.
income
tax
$4,016,276;
of
notes
1941,
$3,-
$430,360.—
ry.
—V.
1,230,229
The
have declared
directors
ry,
40
40 cents on
cents
dividend of 20 cents per share on
a
Jan. 31,
31.
Jan.
on
1941.—V.
last;
156, p.
20 cents on
1053.
the
10.
This com¬
Nov. 1, 1941, and
4
ry.
.
from
Gross
Net
from
Net
railway
$120,401
42,599
railway
income
i!v
oper.
ry.
21,641
1939
$135,704
$116,354
54,126
30,415
69,999
50,575
From Jan.
Gross
f Net
from
from
Net
ry.
—V.
1—•
railway."
p.
'-/•
■-
948,867
361,836
175,927
railway-^!_
income.-..
oper.
156,
•
.
-
;
.....
..
890,824
387,707
235,241
..
865,054
358,890
198,692
878,910
397,585
250,979
income
3,931,340
3,682,808
2,162,406
1942
1941
1940
$63,408
$75,743
19,244
"12,528
7,664
income
45,100
6,496
*22,350
*3,262
railway^-..
railway
982,605
792,055
502,937
535,191
346,237
228,877
"2,549
33,006
income
232,365
121,566
*76,654
*46,460
867
p.
1942—Month—1941
$411,219
1942—12 Mos.—1941
$345,949
$4,319,948
$3,795,245
200,409
depreciation-^
Prov.
for
general taxes_
174,619
2,121.241
1,913,570
36,000
expenses
for
&
31,000
412,000
Net
48,624
44,393
543,387
Co.—50-Cent Dividend-—--
Midvale
directors
The
common
amount
April
stock,
was
payable
disbursed
1942.
and
a
dividend
of 50
------
cents
•
per
,
share
v
on
;/
the
Oct. 7-to holders of record Sept. 30.
A like
July 1, last, as compared with 60 cents on
on
year-end dividend of $2
Dec.
20, 1941.
Prior
to the 20Q''<> stock distribution on Nov. 1, last year, the following pay¬
ments were made during 1941;
April 1, $1.50, and July 1 and Oct. 1,
$2
1,
have declared
each.—V.
156,
a
p.
1054.
•
/
on
-
355,054
179,306
473,422
//.22,914
$888,267
V.
41,259
$60,887
$32,163
pfd.
on
stock__^_
20,693
307,025
rates
would
•
.
" "
:
at
prescribed
248,711
253,062
$332,531
$49,610
$11,075
,
i
A
dividend, of.$1
lations
on
the 8',i
Inc.—Accumulated Dividend-—
.share has been declared on account of aocujnu-!
cumulative preferred stock, par $50, payable Oct. 20
pet
in the
pending House bill
(45'1>
income and
require during the first eight months of 1942 $101,349
the
1941
Revenue
Act
rates,
or
$29,136
more
than
Missouri
&
Gross
from
Net
ry.
Gross
from
Net
rv.
—V.
by
Wil-
Department, died Sept. 18 at Charles«
(& Subs.)—Earnings-
$1,551,185
1942—12 Mos.
'
1941
$1,494,507 $20,123,063 $18, 591,509
523,842
5,758,991
588,820
469,513
202,296
4,935,285
836,844
158,194
154,631
1,888,521
819,967
173,612
162,594
2,086,073
1,872,654
$263,908
V $451,144
$5,454,193
$6,473,224
7,164 " '//'
/
Dr2,644
jDr8,781
$271,072
$453,654
156,501
$5,451,549
1,868,298
$6,464,443
155,051
;
2,510
44,125
/
44,125
33,878
deducts.
43,660
1,881,646
52.9,495
529,495
•
537.739
487,003
Dr4,260
Crl7,926
$2,511,757
CrT,204
$3,584,225
y.
j
!!!;.!!l!!
provisions
RR.-
current
1941
1940
1939
$246,385
$239,603
$227,905
122,774
120,148
116,744
73,452
88,205
105,554
109,949
1,770,541
1.512,532
1,489,268
1,173,038
712,292
641,894
608,569
441,785
502,781
535,872
604,632
491,827
__
income—
1942
from
Net
ry.
railway
Net
from
Net
ry,
$1,219,844
198,840
252,976
522;618.
268,805
128,812
145,598
17,649,937
12,554,579
9,871,066
9,689,923
5,308,666
3,652,212
-1,885,890
2,018,323
2,887,784
railway..l—
income,
2,172,271
1,064,593
1,175,680
156, p. 785.
National Dairy Products Corp.—New
Reed. Hartel has been elected Secretary.
Secretary.—V. 156, p. 962.
Secretary—
He formerly
»
,
National
Carl
JV
1939
$1,225,730
422,226
|
railway
oper.
1940
$1,584,261
1,028.835
income..-
oper.
from
1941
$2,694,302
railway
From Jan. 1—
Gross
J.
Sept.
Mailable
Gibbs,
Steel
&
President, died
156, p. 434.
19.—V.
pro¬
excess
National
The
was
Assistant
V
Stamping Co.—Obituary—
at
his
home,
Shaker
Heights,
Ohio,
Shirt
Shops of Del., Inc.—30-Cent Dividend
directors
recently declared a dividend of 30 cents per share on
the common stock, no par value, payable Sept. 30 to holders of record
Sept. 25.
This compares with 10 cents per share paid on July 1, last;;
40
cents
2453.
p.
Dec.
on
■
...
■ ;/
30,
accepted
10
cents
on
July
1,
1941.—V.
.'.'//:" .:■;/
155,
_
of
191,729
Philco
of
shares
Corp.'s
offer
to
this
company's
purchase
such
common
stock
have
stock
67V3
cents
share, less transfer taxes, it was announced
purchase offer expired at the close of business on
per
p.
Net
from
at
Sept.,
Sept.
The
26.
30.—V.
156,
income.—
11,737
8,682
11,190
5,854
Net
ry.
from
railway
oper.
755,451
680,326
178,389
151,879
116,849
Net
from
-56,465
48,777
26,257
Net
ry.
Gross
—V.
from
income—
;
railway
railway
oper.- income—
156, p. 867/
/.
1941
1940
1939
$53,199
$60,474
$70,538
$46,793
22,945
railway——
From Jan. 1—
891,862
Ry.~Earnings—
1942
August—
Gross
-
on
609.
Nevada Northern
1939
.
and
1941,
,.;//,■,.//.
National TJnion Radio Corp.—Purchase Offer—
Holders
./
17,234
-
the
for
108,227
railway,.
from
Net
25,035
47,009
$111,600
Nashville Chattanooga & St. Louis Ry.—Earnings—
23,763
258,524
of
$245,336
August
Gross
29,172
<
taxes
Earnings—
railway
oper.
railway,—
railway—__
Federal
/ 957,534
/
$2,626,691
156, p. 785.
$88,500
oper.- income..—
for
railway-!,
from
ry.
1940
1,056,530
957,5;34
;
1942
from
$101,912
railway,^.!-
$210,572
$1,554,223
from
1941
!-•!;.
$38,018
preferred stock-!!!!---:
and $801,246 for the 12 months ended Aug.
31, 1942, additional
the amounts required under the Revenue Act of 1941.-7-V.
156, p. 962.
$116,595
-
156,- p. 867.
work
1942—Month—1941
bonds
debentures- .■"/
income
1942
from
will
mtge.
and
"Includes
to
Arkansas Ry.—Earnings-
railway—
oper..
Net
int.
$146,704
from
Net
sur¬
more
was
vided in the period.
The company estimates that no Federal
profits tax will be payable for the year 1942.—V. 156, p. 1054.
August—
Mr.
company's Carondelet, Mo.,
under Edward
A. O'Neul Jr.,
Balance "
497,787
$302,672
Note—During the eight months ended Aug. 31, 1942, Federal income
tax has been accrued at the rates prescribed in the 1941 Revenue Act
plus additional provisions aggregating $72,213 for possible increases.
The
he
Plant
announced
was
manager.
$800,459
;' $581,242
21,088
$40,194
:
Balance
From Jan. 1—
(I.) Miller & Sons Co!,
?:
553,911
22,516
$83,801
:
deductions
income
Divs.
Assistant
of
plant
the
fhgd. to construct.
Net
348,000
32,385
taxes
income
other
position
production
485,958
Dividends applicable to-
—V.
revenue
than
v.v
In t;
Mississippi Power Co.—Earnings—
Prov. for Fed. inc.
post
___■!!!!_
on
1939
$98,087
65,526
156,
new
taxes
taxes
on
Net
$154,559
oper.
Division
company's Rubber Service
Interest
Net
railway____
tax)
784.
his
ry. oper. income_
From Jan. 1—
'
,
In
Gross from railway—-
867.
"Loss.—V.
the
Mich.,
Superintendent" of
/' Gross income-!_!*
Net
railway^.——
from
Gross
1940;"
1941
$143,976
79,287
57,492
1942
formerly
Gross
Midland Valley RR.—Earnings—
August—
Phosphate
Net
from
Net
Int,
■}/
Williams,
..
on
-
N.
Montour
From Jan. 1—
Gross
••
,
work.
to
Trenton,
August—
4,422,441
oper.
sales
Wilson
A.
company's
Other
19,507,654
6,399,696
August—
Net
-
month
reflected
874,267
22,916,441
Operating
stock, payable Nov. 2 to holders of record Oct.
with
pares
1,130,719
6,868,724
from
technical
James
of
the
Net oper, revenues-!
income (net)--—
-
Mississippi Central RR.~Earnings—
from
handle
will
of
was
—V.
Net
Co.—Appointments, Etc.—
Property retirement and
-'deplet. reserve approp.
$1,542,423
as
1,242,133
722,266
Prov.
common
1,529,752
26,520,258
p.
Chemical
expenses,
1940
railway___.
oper.
156,
Gross
McLellan Stores Co.—20-Cent Common Dividend—
570,471
revenues!!!!
$3,330,066
Period End. Aug. 31—
\:
1,344,995.
.1,067,290
Ry.)
1941
railway_____.
from
Net
Central
$3,758,198
railway
from
Net
36,196
$734,820 / $1,372,114
Wisconsin
960
(
40,853
$3,906,685
oper.
Net
1,
July
at
anticipation
! /•
156, p. 783.
Gross
1-_
-
—$72,619,318 $68,336,502
902,229.
V.
4,195,042
4,756,031
surplus from July 1, 1941!—i—3,767,363
"After
railway
income
From Jan; 1—
ry.
Gross
/.!!!!!
5,600,000
30,346,218
2,098,471
'! 1,199,881
"Federal
$1,579,579
960
,
accrued/andi fiot'Tpaid,
'
•
' -.
1942
,
.
from
from
Net
13,700,000
440,484
-(.-i,:—uu-uj-w-Vi
Total
Net
;
—
he
Other
73,232
$1,413>927
.4,639
$360,118 /
(Including
August—
Gross
971,538
872.693
1,250,000
5,600,000
30,289,068
contingencies—.
cumulative preferred stock.—,
$1,506,347
—_—
taxes
returns/filed)
Reserve for
5'A'»
!
Net income
1,579,843
/
•
sinking fund debentures
credits
Reserve
/
5,720
600,000
13,216,000
392,164
payable^%-i-_w-!
contingencies.;
•
1—
to banks, due April 24,1946——
Notes payable
2,288,803
1,031,364
&
on
—
Reserve for estimated claims
2,791,780
income—
.
Charles
Other
/Does: not include interest being
corporate books.-
,
-
•
/• 72,748
/(, ".8,597/
4,700
$72,619,318 $68,336,502
Liabilities™
■/; /;-v:'•-/;i!--//'/"//
Accounts payable
—
$6,109,270
$8,289,018
Wages, salaries, commissions,: taxes and other
accrued liabilities, etc.
'
L.
1,972,613
1,458,323
War bond deposits of employees!—■——
26,622
Accrued interest payable on 15-year 3Vi'M sink¬
ing fund debentures to July 7, 1941____—
7,992
Reserve for Fed. inc. and excess profits taxes...
t3,741,774
1,602,667
Due to non-consolidated subsidiary companies_!/
145,398
.
130,488
2,346,067
oper.
the
•
''
—
,160,745
3,447,296
Operating
fixed
$739,58$
248,713
258.306
Operating
Dr105,844
12,980
$364,938
$389,538
301,496
3,683,934
,160,310
Montana Power Co.
/ Dr94,073
$355,239
for
1939
$464,250
407,630
,/
4,728,210.,.
railway!—
fy Period Ended Aug. 31—
$1,706,264
Cr43,521
Drl25,858
income.
equipment
/ "Int. being. accrued arid
.
;
$1,423,516
Dr22,528
Dr
charges
,
income-!-!
1940
$616,525
379,101
railway——!
from
of
907,467
Drl3,901
.
'
railway!!_„__7
oper.
1941
$621,131"
.plant manager.'/:!.'//;
;,/, / './/:/.;■•
/'
■//: "/
/.. Promotion of Eugene M. Hetzel of;the Carondelet plant,to Superin¬
tendent, succeeding Mr. Wilson, also was ^announced.
He will work
(under Lee K. Cowie, plant manager.:.;
•
:
!
/
// Carl Nelson Hand, Chemical Engineer and retired Plant Manager
$2,613,731
/
$766,499
Cr6,538
//. '
1942
railway!!-!
from
ry.
son
410,644
$2,420,256
(net)____
income
Inc.. _avaiU
.
851,525/
771,807 "
4,748,895
Equity- ki-leased propeiTyi.i^^r_^i-ii-—- 80,467 •/
73,667
Non-operating properties
155,170
184,250
/Deferred charges
"!—•
697,254 / ; 542,405
Goodwill, trade-marks; trade names, etc..!——
1
/
I
.
2,998,402
.
'
32,514,885
...!!—,
9,970,612
4,676,284
Interest.
Other
462,584
36,818.525
11,337,267
14,621,738
from
Felix
"
equipmentrz.-!
lability rents
oper.
22,022,040
31,010,914
962.
p.
Manager
Cr7,797
$903,174
of
Joint
43,969,523
income-!!
oper.
156,
4,628,438
46, 569
19,793,574
^————!_i^!^/.!!!.!/!!!~!!!!-./:-
Investments
•
•
321,550
52,284,142
Monongahela Ry.- -Earnings^
-
278,056
714
Cr600
$501,494
revenues
taxes
Net
Hire
July 1, '41
$8,022,851
666,356
55,309,654
1,944,052
304, 139
5,311,
50,354
investment
railway
2,611,006
70,486,588
.
2,624, 784
689,704
/ 17,438
10,004
:
2-,366. 264-:-"-2,231,339
—
35,252 1/
716,406
___
;
1942- -8 Mos.—1941
243,451
37,591
expenses
Net ry.
mkt.)
ry.
where
$2,238,654 $13,524, 490 $12,154,042
"391,645"
equipment
expenses
Transp.
4,932,240
107,158,092
.railway—-!-
from
plant.
(Excluding Wisconsin Central
1939 :
1940
railway.;-!
Promotion
.
1941
W.
Rippie, formerly petroleum technologist for the
Solvay Sales Corp., has joined the Petroleum Chemicals Department of
the Organic Chemicals Division of Monsanto Chemical
Co., St. Louis,
5,683,704
p.
income--
oper.
from
/'•-Dr.
146,522
revenues
General
'•
;
ry.
Net
238,602
247,258
railwry__
/
1942
1,176,048
Monsanto
304,740
income.__
RR.—Earnings—
/ •:'/ ';
/—V. 156, p. 867.
1939
-
402,942
railway
Transport, expenses
rate
——.50,000
cost or
565,909
$6,702,292
ended
the
taxes -at
!/
(lower of
savings bondsr-series
war
3,560,455
925.193
1,521,982
Net
test
$895,312
.
MM!Rrbf'*'.Way~ffi'ltfrucr
prior years' Federal taxes
w——I-——i.
Merchandise
U. S.
3,863,931
2,795,014
$7,195,842
Net. ry.
and
of
means
8974,39 4
oper.
Maint.
for
19,528,771
/ Notes and accounts-receivable (less reserves)—
6,035,681
5,488,611
from
Gross
...
the
to
$1,066,780
from
Traffic
divi-
$9,173,362
—
10,121,907
income—
156, p. 867.
•/./From Jan.'1—'.'//■ "!///'V;
the
$1,179,141
oper.
Miscell.
Consolidated Balance Sheet ' '-1-;
:;,x (vt/*:'-••>•* •?.*.!.
June 30. '42
Comparative
X i-xs-'.:
Assets—
Cash
"70,523
railway—i,___
AugustGross froni
of
X'
18,369,072
3,563,953
!
new
Period End. Aug. 31—
,
reor-
Provision
six
profits
18,085,174
••J 365,268
/
66,730
$9,959,091
Net
/-,
subject to the
taxes.
the
22,061,659
/ :
and
the rate of
144 readings every
three to four
testing Americu't newest airplanes, has been devel¬
Instrument Co., a subsidiary, it was disclosed
Minneapolis
3,000
the basis of normal and surtaxes
on
railway-!!- /33,924,851
oper.
Net
railway___l_2;'
from
ry.
40,660
'
•
1942
646,753
8,057.433
From Jan. 1—
7!!!^-;.
Common
local
and
.1,150,154
;
From Jan. 1—
Co.
.
from
Net
43,873
/
Regulator
*
final
473,640
income_:_
$17,070,260
Net
additional
1942,
Minneapolis & St. Louis RR.—Earrtirigs—: !
1941
//"' ;■•/., './ 1942
;/ ;i'l940
•/484,000
trustee during
V
"
1939
$2,288,761
•
Net from railway____6
,
Revenue Act of 1941.—V. 156, p. 785.
/ August—
363,000
as
1940
$2,324,255
1,131,308
railway—
—V.
instrument
performance. hitherto
ry.
250,000
stock of $146,994.
$841,375.
Gross
engineers' hand recorded notes, it was stated.—V. 156, p. -697.'^
/ .!;
[•:
.V;-r^txi-i:^r i';:-
tEquivalent to 72 cents per common share after dividends
ydends amounted
taxes
......
electronic;
plane
$l;088v702-
von
the
Net
taxes-—--
contingencies-^-!.!—..j-,!!!—_!!/l/
"Including transactions of William J. Wardall
-
Federal
for the
leading airplane
Board
Total
ganization.
for
1
additional
Provision
;
$3,245,176
1,915,070
Missouri Pacific
$578,381
Man Friday, known as the -flight-recorder,'' Is'a
portable, instrument and is now being used regularly by: the Army/Navy
432,437
profits .tux..—2,619,162
Estimated
;
1941
$5,589,050
"Loss.—V.
990,825
$334,255
.
pilot's
from
_
1,052,199
-•
377,882
1942
railway:
oper.
11,194
Brown
Oct.- l.
Net
63,343 //
"
i-!
-
659,286
345,423
railway_____2
from,
78,444
at
flight
by, the
$3,355,762
27,455
...
—
—
ta X- .i
$193,171
changes
324.878
221,052
——_
charges
Federal
provisions
in
on-
$3,030,883
$5,594,208
/Other interest
'
1,592,118
ry.
Gross
444
'/-.V.
1
electronic
new.
oped
238,676
321,401
debentures—
on
619,934
434,097
';■/./
from
from
Net
1,147
5,829
:.
$59,260
to preferred
:
pressure
9,705,047
•
$5,272,807
—
-Total-income
,
'
_____
minutes,
71,556,729
235,63V
income
1,423,116
831,228
470,040
156, p. 867.
Net
Recorder" Perfected—
June 30
' Y
/•/.:■ *1941/
10,885,279
:4._u~_
1,418.282
1,076,197
income
Missouri-Kansas-Texas RR. —Earnings
$3,240,397
133,054
1,870
Minneapolis-Honeywell
con¬
Gross
.
1,902
$2,984,448
132,254
/// 9,575
!
and
Net
Net
Other
r
bonds
deducts.
the amounts required under the
>saleSii.—-_^^-^-—i-i_--.-- $16,393,718 $12,974,607
on
Selling and general expenses. i!
1,725,409
o-
:
railway-
railway
oper.
Net
$48,905,500.
86,394,279
!■■
———
2,089,816
from
Gross
__-—!—.$102,787,996 $84,531,336
v
72,756
August—
$3,239,250
16
$199,219
applicable
Balance
to
contents, owned or leased by company,
placed with; the War Damage Corporation.
Depreciation arid amortizatlon^_'_xi*VA_iv--~-.^
•
income
"Includes
owned
are
the difficult
amounting
38,338
August—
'
';///!;//■//■!■:/:/*.!'/•//;
of
Gross,
f
,
to
Dividends
This company
$27,005.
1942
Cost
$2,982,546
$298,163
3:/
___
constr., Cr
and
int.
Net
aside
set
to
existing
United States.
sales;
Net
Gross
wholly-owned subsidiary
small netproiit even under
a
Insurance—War
covering, all
wherever
of
a
55,821
extraordinary
wise
in England.; This profit has
up on the books of company by reason of the fact that
conditions it cannot be remitted to the company,
The
Honolulu amounted to $1,299,249 as at June 30, 1942,
the only other assets of the company outside of the
constitute
and
assets
Ltd.,. London,
75,066
from
571
_!!!
mtge.
on
chgd.
month
foreign
the
on
earn
high taxes
taken
been
under
"
carried
continuing to
ditions
.'
present
would
3^, 1941,
Assets—The
through McKesson & Robbins,
v
the
it
Other
■■//'/,■.
of
.//Foreign
.
that
income___
From Jan. 1—
$8,095,497
2,890 ,340
additional
an
is
of
view
decided
directors
1942- -12 Mos.—1941
62,500
revenues-
income
Gross
■
the net profits for the six months ended^ June 30, 1942,
reserve against
any unforeseen contingencies beyond
management's control.
Accordingly, - $250,000 has been added to
reserve of
$1,000,000 which was created out of earnings for the
portion
a
Contingencies—In
conditions,
110,776
From Jan. 1—
Int.
;//';/:- /•
$214,664
95,739
ry,. opel\
$9,377 ,913
—_
income.—
/program..
•
1939
$202,296
119,892
Net
Gross
long-term
1940
$249,181
179,17.9
from
256,678
indebtedness was
This
1941
$306,291
Net
of limited-
oper.
Earnings
1942
railway__'__
railway
from
$778,743
investments—_
term
Interest
K
Missouri Illinois Ry.
August-
271,107
-
//
on
was
reserve
appropriations
Net
30,
1942—Month—1941
—_
taxes...
Amortization
reecivables.
indebtedness, which is due in April,
-
made
was
Co.—Earnings-
taxes.78,136
incurred as a part of a program providing tor the purchase and aging
of- domestic whiskey for a period of years.
A maximum of $2,500,000
;_of such indebtedness may eventually be incurred to carry out this
'--"v
distribution
218,511
expenses
Property
months
in
investment
A
$830,041
revenues,.
Operating
//.■
all
Since
deposited
until
■■■-'>
amounted
1941,
10.
Minnesota Power & Light
as usual, short-term loans will be required
in order to finance seasonal requirements and
proposed new floor tax on liquor, which will result in an increased
during the fall
Oct.
Gross
It is probable that,
dated,
"
the
have
that
so
have
1943
of
terms
debentures
record
at
Fund—As
the
additional
date
of
April 24 and July 21, last, the first since Feb. 28, 1938, when $2.25
paid.—V. 156, p. 81.
.
June 30, 1942, a total of $484,000
15-year 3 V/!
sinking fund - debentures had been purchased on the
open
market, deposited with the debenture trustee and cancelled in
Sinking
holders
to
31,716
39.250
18,998
12,643
19,306
27,516
8,526
470,892
463.031
484,721
416,919
216,512
269,045
196,584
126,174-
182,701
124,858
^
,
228,024
103,574
'
1
THE COMMERCIAL & FINANCIAL CHRONICLE
1242
Monday, Optober 5, 1942
•i
Nebraska Power
Co.—Earnings—
•"Federal
expenses-
Property
retire,
77,440
4,320,840
1,378,938
71,494
878,247
829,531
340,01-2
"357,630
144,759
75,487
,
_v.-——
of
$8,929,500
3,846,092
803,839
$9,556,580
$793,481
$836,051
taxes
,
Other. taxes
The directors-on Oct. 1
1942—12 Mos.—1941
,1942—Month—1941
Period Ended Aug. 31—
Operating revenues
Operating
New River Co.^-$l.50 Preferred Dividend—
accumulations
record
New York Auction Co., Inc.—Transfer
663,400
713,200
56,700
60,800
785
790
—
Net oper. revenuesOther income
$196,585
of Aug.
-J—.
$196,602
l
mtge. bonds
61,875
$2,780,404
742,500
Gross
210,000
Net from- railway———"
3,351
bonds-
17,500
deducts.
9,692
$247,111
61,875
17,500
9,597
to constr.,Gr
5,116
579
40,524
210,000
113,046
4,556
income—$112,651
$158,718
$1,225,173
$1,719,414
stiocks_———
499,100
499*100
$726,073
Net
on
int.
and
chgd.
120,117
Net
railway.—
from
RR.—Earnings-
From Jan. 1—
,
from
from
Net
Net ry.
—
for
Federal
of
taxes
-
1941
$461,787
352,518
345,866
$224,091
68,745
/•...
/
Net
3,119,543
1,639,942
1,650,868
2,348,928
1,126,507
of
week ended
11,698,228
above
year
849,394
■
Period End. Aug. 31—
.
>
of
is
ft.
Railway
1942
accruals—.
tax
Railway
corporate integration proceedings under the "death sentence" clause:
30
Commission
that
said
the
include
in
its
trust
tdv the
answer
Association
begin
order
statement
a
system it
of
given until Nov. 5
30.—V. 156, p. 3154.
its
views
*
sha re
on the 6 '7 preferred
preferred stock.—V. 156,
•
orders entered
District
Gross
Net
(the amount available for New England Power Associa¬
reporting companies and secondary sales to other
•utilities)-,- was 62;458,378,~ ae compared" with- 59-,^592,534 for the-week
ended Sept. 27, 1941, an increase of 4.81'J.
For the week ended Sept. 19, 1942, output was 62,737,954 kwh., an
of
6.35^
the
over
V.
J.- Robinson,
corresponding
President,
in
dividends, payable Sept.
week
statement
a
the
30 at
sent
last
year.—V.
service,
of
of
result
the
growth
of
the
of
face
business
the
other
and
copper
In
war.
ties,
in order to keep lines and
the
war.
Long
of
distance
thousands
of
been
for
urgent
curtailed
war
by
has not only reached new
flow,
both
"Net
than
in direction
by
spurred
in
men
the
the
needs.
*
increased
taies
in
order
the
<
,
bf
of
its
calls
Holders
faciH-
bonds
The
1942.
Marine
Gross
from
ry.
$145,128
$125,563
;7
will
bonds
Co.
Trust
of
$J,000,000
principal
amount
Buffalo,
237
St.,
Main
Buffalo,
at the option of the holder, at the office of J. P. Morgan
N.
from
New Orleans & Northeastern
RR.—Earnings—
August—
Gross
1942
railwayNet from railway
Net
ry.
income..
oper.
1941
1940
$487,980
255,163
100,998
$284,678
$271,553
fy,
106,782
50,709
108,775
2,062,137
4,086,732
3,414,002
1,708,489
708,437
855,248
275,408
252,231
119,777
.
From Jan. 1—
Gross
from
railway^
railway
oper. income..
Net
Net
ry.
7,212,023
from
—V.
156, p. 867.
August—
Gross
Net
from
Net
ry.
-Earnings-
1942
railway.™
railway...
income
oper.
1941
1940
$599,266
365,778
from
$241,720
$166,206
$149,637
87,327
23,806
6,887
95,060
38,785
13,390
1,874,230
1,623,739
1,603,333
680,181
480,492
436,192
-
334,940
1939
From'Jan.
Gross
Net
Net
from
from
ry.
—V.
railway
4,046,119
railway..
2,316,749
income™
oper.
; ;
2,186,923
156, p. 867.
719,512
538,631
458,438
/
Norfolk & Western Railway Co.—Earnings—
Net
;
v
;
Railway
revs.—
$5,484,905
accruals-
4,377,771
tax
New York Central
RR.—Earnings—
facil.
Joint
rents
$1,107,134
540,546
•
1942- -Month
-1941
1942—8 Mos,
$
Ry.
oper.
Maint.
of
Maint. of
Traffic
revenues
equipment-;...
expenses
Transportation
Other
Net
54,607,345
7,812,252
8,998,400
& struc.
way
(rail)
569,827
16,575,462
__
expenses
rev.
1,646,391
from ry. oper.
*Ry, tax accruals..,
Equip. & Jt. facil. rents
19.005,013
9,501,858
1.793,242
Net
•1941
i'->
■
39,262,610 373,704,092 287 450,298
8/238,830
41,051,692
31, 171,906
7,445,921
71,566,820
58, 020,083
562,182
4,669,087
4, 385,709
13,438,645 128,168,290 101, 810,254
1,378,635
13,222,982
10, 572,449
11,198,397 115,025,221
4,051,580
54,427,345
1,310,672
12,186,249
81,489,897
31,839,902
ry.
Drl5,335
(net)
Other
income
ry.
Other
v
Net income
—V,
Louis,
Miscell.
Net
La
»
fixed
39,683,439
payable
1,524,613
11,434,668
12,1731962
the
7,360,758
151,263
132,874
4,017,021
4,377,870
59,846,304
1,034,092
31,791,772
4,768,712
2,850,014
27,020,449""l8,053,638
1,282,575
27,447,421
_™
charges.,
"
income
51,857,401
1,073,381
32,730 382
profits taxes
Voorhees
has
been
to
Assistant
Vice-President
announced on Sept. 30 by R, E. Dougherty ViceVoorhees,
who
heretofore
has
been
engineering
assistant to the Vice-President, joined the
company in 1908
Mr. Dougherty, announced also the
appointment of Alfred D. Wolff
Jr„ formerly designing engineer, as research engineer.
Mr Wolff has
been with the company for 32 years.—V.
156, p. 785.
of
the
road, it
President.
the
Francisco, Mississippi Valley
National Bank of Mobile,
expanded
Trust
St.
Co.,
the City, of
•
•
New York has
been
ap¬
stock.—V. 155, p. 1516.
Inc.—To
held on Sept. 29, the stockholders were
company's expanding certain of its operations, in con¬
Government services which will result in a great inmeeting,
its
•/ r,v\
activities,
New Director—
Miss
Camile
L.
■■■ ■
.
156, p.
has
Secretary,
Stein,
replace George Gardner,*who is
1154.
tiow
on
' r
Northwestern Bell TelCiphone'
•
■
:
Co.^Earnirigs-f^
J;i942-r:Month-r-194i
Pdriod End. July31—
-
been elected a: director to
leave; Othet directors were
1942—7 Mos.—1941;,
—
$3,504,171
$3,263,553 $23,066,780 ..$21,885,599
reVenuejl- ' -' * 5,618 ^
8,693
*
"60,323 59,342
Operating expenses
2,403,899
-2,184,138' .15,877,814 ■,14,668,502
Operating -taxes576,643
.521,690 /; - 3,698,212 / 3.473,252
Operating
Uncoil,
revenues
oper.
.
.
.
Power
Falls
present
Corp.,
Power
action
careful
Earle
Hudson
which owns all of the common
recently suspended" payment
Co.,
with
respect
consideration
J.
Machold
Power
Net; operating
Net income
—V.
stock of The
of dividends
of
decided to take
the preferred stock
dividends on
all
factors
presently
to
affecting
the
Hudson
was
elected
President
and
a
director
of Niagara
to succeed the late Alfred H. Schoellkopf.
Mr.
closely identified with the operations of the Niagara
System for the past 12 years as counsel for the companies.
He
partner in the law firm of LeBoeuf, Machold & Lamb of
Corp.,
Machold has been
a
com¬
such
at
•
Bank of
National
annual
with
in
crease
the dividend normally.
5% series, and
Regular quar-.
made on these issues from >.
company.
was
the
"
.
its preferred stocks (see V. 156, p. 1014).
The directors of Niagara Hudson Power Corporation
after
proceeds of
the
San
have
156,
income
_™__;™_~.
$549,032
$518,011
531,342
'
-
466,398
$3,432,431
3,553,109
$3,684,503,
3,124,267
p..699.
Northwestern Pacific RR.- -Earnings-
on
was
Mr.
of
Merchants
activities
Chase
nection,
•'
1937 to and including Aug. 1, 1942.
•• •
;■
The corporation owns substantially all of the common-'and class.,A
stock of Buffalo,
Niagara &, Eastern Power Corp. which, is carried
on
its books at approximately $21,000,000.
The Buffalo, Niagara •&
of
assignments
by
Transfer Agent—
Deferred on
May 1,
no
appointed
were
Calif.,
informed of the
24 took no action on
distributions of $1.25 per share
Niagara
7,515,532
Changes in Personnel—
S.
terly
(Del.)—Weekly Output—
according to press dispatches from Hawthorne,
secured
is
reelected;—V.
Sept.
Co.
$17,000,000 credit from a syndicate of banks for worfc-
Northwest Airlines,
$2,975,796 $12,290,716 $20,159,156
Nov.
'
an unprecedented rate,"
Motte Cohu, Chairman, stated, "that it has been thought advisable
take advantage of available bank credit to expedite our operation."
At
$3,152,332 $13,701,887 $21,573,991
176,536
1,411,171
1,414,835
1, 1942, on the first preferred stock,.
second preferred stock, 5% series A and series B.
Eastern
•Incl. Fed, inc. & excess
Boynton
directors on
48,411,636
Power
pointed transfer agent for the class A common
,
9,966,556
6,224.800
deductions
$1,507,324
-—_—
a
Bank
and
"Our
♦
$3,148,035 $13,647,970 $21,446,429
4,297
53,917
127,562
Niagara Hudson Power Corp;—Dividends
Preferred Stocks—New President—
5,836,145
8,936,996
$1,683,637
176,313
debt-
'
'
of
156, p. 1154.
loan
National
156, p. 785.
1,227,083
,*
income
funded
Jr.
of
output
company,
The
>
"
on
7,709,913
income
Total
Total
income-
oper.
items.
income
Gross
Int.
The
Net
$1,632,344
51,293
inc-
oper.
Blaikie
Cameron
pany's production contracts.
/
The banks participating in the loan are the Chase National Bank,
Manufacturers Trust Co., and Bank of New York, all of New York;
California Bank and Bank of America of Los Angeles,- Anglo-California
(Including All Leased Lines)
Period End. Aug, 31-
:V''
and
.
=
$9,737,477 $18,893,576
3,974,916
2,684,437.
Br64,423 > Drl31,584
$2,663,032
495,893
Drl0,891
Jersey—Reopening of Hearing
capital purposes.
ing
The
inc.Equipment rents (net).
-
Northrop Aircraft Inc.—$17,000,000 Credit—
The
/
;:
oper.
3,526,^0
V>-
the Northern States Power Co. system for the
week ended Sept. 26, 1942, totaled 37,519,000 kwh., as compared with
35,145,000 kwh. for the corresponding week last year, an increase of
______
Railway
6,852,504
:
Lawrence
$ has obtained
$39,223,877 $36,320,589
29,486,400
17,427,013
$6,383,301
3,720,268
6,091,840
the
6.8'/i .—V.
-
revenues
oper.
ry.
9,309,283
;
of
— —
$12,055,847 $11,773,268 $89,450,436 $77,856,243
Maint..
of
way
and • ^•i/;";/-; '//t%,i/;
7,646,345
structures ...:
1,229,713
1,051,703
9,241,354
15,416,226
2,496,269
1,879,546
18,730,410
Maint. of equipment1,195,227
155,611
148,118
1,253,702
Traffic
15,624,968
2,421,383
2,081,461
18,918,920
Transportation rail line
160,915
49,201
24,232
293,656
Miscellaneous opers
1,546,185
218,759
204,907
1,788,517
General,
54,212
Transp. for invest cr...
Ry. oper.
/
Northern States
•«
-
New Orleans Texas & Mexico
Ry.-
;
1,961,904
15,274,513
12,452,560
,
Period End. Aug. 31-r-
48,815
/
1,-350,559
39,755,265
Englewood, stock¬
road, have petitioned the Federal Court to reopen a
hearing on a reorganization plan of the company's trustees, according
to an Associated Press dispatch from Newark, N. J.—V. 156, p. 962.
(,
holders
694,449
1,389,805
521,186
„
-
1,705,964
43,302,938
>
4-
income...
oper.
Hicks
A.
& Co. In¬
the principal,
Freight revenue
2,806,139
51,902,999
Northern RR. of New
1942—Month—1941
1942—8 Mos.—1941
$10,713,893 $11,184,281 $82,281,22T $73,368,502
Pass., mail & express1,224,598
489,706
6,142,591
3,706,259
Other transportation
42,866
43,258
318,881
311,813
Incidental
and
Joint
facility
74,490
56,023
707,738
469,670.
1939
$999,786
from
2. 704,523
70, 699,801
21, ,276,903
14 768,088
income...
railway^./.;
railway
Electric
-
1,755,349
oper.
Asked—
premium and accrued interest to Dec, 1, 1942,
upon surrender of their bonds at either of the paying offices.—V. 156,
p. 1056.
declaration reflects the certainty of this tax increase."—V. 156, p. 1056.
$6,441,701
2,121,504
Y.,
corporated, 23 Wall St., New York, N. Y.
Holders of these bonds may, at their option, receive .immediate pay¬
ment of
$7,017,590
3,392,104
'
these
for redemption at 106Vfe% on Dec. 1,
at the principal office of The
trustee,
1939
$8,614,958
—V. 156, p. 785.
series of
of
1940
1941
1942
4; 109,841
railway...'...
from
Net
'"/..
,
redeemed
be
,
the
From Jan. i—
Gross
3
appropriate legend to evidence the
holders thereof, and. thereafter
an
to
railway.™ $10, 692,661
from
Net
962.
refunding mortgage bonds,
1,
Ry.—Earnings— ^
August—
•
dividend
current
and
first
are being notified
that
have been drawn by lot
1936,
important
the
of
with
made
Northern Pacific
Niagara Falls Power Co.—Bonds Called—
intensive
an
previously *
been payable to them on the consolidated bonds issuable under the
plan in exchange for such coupons, will be returned by the agent to
the holders presenting them.—V. 155, p. 1516.
*
.
p.
1 •'
representing such payments.
Coupons, to the holders of which no
is to be made 6n account of the interest which would have
1942—12 Mos.—1941
$1,294,064 $1,243,407
251,353 *
304,079
$8,126
to which complete coupon sets have been
payments
or
Net
the concentration of
company's territory,
The
war.
/•
accruals.—V. 156,
Commission and by the
April 1, 1942, to September
bonds, 4% series. A, issuable
period
mortgage
payment
diversion
or,
finance
reserve
as
All bonds will be stamped
payment
Net
$7,685
♦After retirement
Commerce
for the
/ !
■:
'7 ;
r /
by less than all coupotis
dated April 1, 1935, to Oct. 1, 1938, both dates inclusive, with respect
to principal only, when accompanied by April 1, 1939, and all subse¬
quent coupons, $10.
<3) On complete sets of eight coupons dated April 1, 1935, to Oct. 1,
1938, inclusive; presented to said agent accompanied by bonds to
whicli appurtenant, $2.
/•; ,■
■.
/„
.
Interstate
and all subsequent coupons, $12.
■, (2) On unregistered
bonds' accompanied
*258,445
Net income
distance.
to
*505,119
revenues
income
Gross
for
on the basis of existing tax laws, is higher
but profits available for dividends will be largely conforthcoming Federal tax bill, which must impose greatly
1941,
*156,936
1942—Month—1941
$100,845
$96,207
16,067
20,076
the
accrued
Consolidated
1939,
4,313,196
487,736
:■
the
on
presented to and retained by said agent, when accompanied by April
..
Co.-^-Earnings
by
would have
...*6.1,128.
134,555
,■
approved
1942,
.
163,864
income_.,_,
*Loss.-r-V. 156, p. 516.
and June 17, 1940, by the U! S.
District of Ohio, Eastern Division, the
payment as of Oct. 1, 1942, of
equal to the interest which, under the plan of reorganization
Canton '& Youngstown Ry. Co. and the Northern Ohio Ry,
Northern bonds
35,803
3,674,955
oper.
1940,
make
,
1939
*26*5£1.„.
to
*
$472,033
4,129,071
457,104
Operating
operating income,
in
trolled by the
/r
.
Period End. Aug. 31—
peaks, but has varid widely from the normal
and
mo
5,101,914
810,239
railway
railway
New York & Richmond Gas
(see
Because
on
use
switchboards clear for
traffic,
service
*3,845,951
$536,801
,60,406
1941
$634,389
135,049
.
April 30,
authorized
were
holders of the first mortgage 5'/» gold bonds of Northern
Ry., and to the holders of detached complete sets of eight
bearing the same bond number, dated April 1, 1935, to Oct. 1,
1938, both dates inclusive, formerly appurtenant to any Northern
bonds.
'
•"
••
' "'/•
'
'* •■■■
'• •'
'• • J;;- •
All such payments, in amounts authorized
by the orders, will be
made upon presentation of bonds by the holders thereof to Centrfil
Hanover Bank & Trust Co., 70 Broadway, N. Y, City, as agent of'the
trustees for that purpose, and will be as follows:
!. / /
•
; ' (1) On' the
registered Northern bonds and on
the unregistered
/
of these materials,
the company carried
advertising campaign to wsk-eusiomera-ta-Hmke less
to
from
ry.
the telephone industry
in
shortages
hundreds
share
per
unprecedented demand
an
has
materials
$1.25
1942
$752,922
160,090
railway
railway—--
from
Net
156,
stockholders with
to
of
rate
156, p. 698), said, in part:
"Many unusual situations have developed
a
■
the
on
coupons
leases.
From Jan. 1—
Gross
■'
.
from
from
Net
.
as
share
per
:
to' the
Providence, Warren & Bristol RR.,
Corp.
.;Net..ry—opei:„.inco.me,-,™™—.6.4,187- .......52,042.;
New England Telephone & Telegraph Co.—Earnings—
Higher Than in 1941—
"
;
their
'
Ohio
12,713,329
the
covering
RR.,
RR.
August—
other
and
Co.,
30,
New York, Ontario & Western Ry.—-Earnings-
in kilowatt-hours, both generated and purchased,
Power Association and subsidiaries for the week ended
tion
J.
$8.93 %
.
Akron;
court,
Old Colony RR., Hartford & Connecticut
and Boston & Provi¬
IFor the purpose of showing the; complete
account for the operated system,
includbs accrued and unpaid real
estate taxes on Old Colony and Boston & Providence properties; also
accrued and unpaid charges against said properties for Boston Terminal
Co. taxes and bond interest.—V. 156, p. 1056.
Western
dence
Hearings
to file its answer.
2,278,993
20,135,620
*1,170,250 *11,439,881
of
$2,074,743 $18,499,174 $11,116,455
' ."-7
7- -
3,105,008
*2,005,039
fixed
-
included
are
to
as
$2,893,300 $25,913,540 $17,061,883
369,296
3,251,211
2,616,914
449,261
4,163,155
3,328,514
•
The leases of the following
Sept. 26, 1942
1154.
stock, and
257.
p.
Court for the Northern
trustees
RR., Feb. 11, 1937; Boston & Providence RR. Corp., July 19, 1938. tEffective as of dates mentioned, no charge f6r "the. stated leased rentals
New England Power Association—Output Up 4.81%—
p.
$1,694,210
■/ y,'f
*
Northern Ohio Railway—Distribution—
By
companies were rejected on dates stated
below, but net railway operating income includes the results of opera¬
tions of these properties:
Old Colony RR., June. 2, 1936; Hartford &
Connecticut Western RR., July 31, 1936; Providence, Warren & Bristol
retain.
chooses to
was
Nov.
on
of New England
increase
$1,364,183
amounts were paid in previous quarters.
Arrearages as at July 14,
last, amounted to $11.37Vt per share on the 7% preferred stock, $9.75
; per
5,195,000
13,051,199
$2,873,414
income
for
fNet after charges—
Total production-
■
-
—~
1942—12 Mos.—1941
1942—6 Mos.—1941
$628,281
$830,877
The directors on Sept. 30 declared a dividend of $1.75 per share on
,,the 7%, preferred stock, $1.50 per share on the 6preferred -stock;
and $1.37 xk per share on the 5 Va,:k preferred stock, all on account
>
of- accumulations, payable -Oct* 14 to holders of record Oct. 8.
Like
1942—8 Mos.—1941
776,250
615,185
charges
Dec.
on
$3,927,497
433,898
(net Dr\
rents
avail,
Income
Massachusetts
a
of
constitutes the integrated
The
Lighting Properties-—Earnings—
,
$3,669,550 $38,964,739 $22,256,883
2,536,600
income
<Dri_
oper,
•"Net ry. oper.
preliminary
Association,
declaration
a
facil,
Jt.
investigation had tended to
voluntary association
31, 1926, was operating
more than a single, integrated* system as permitted under the SEC.
New England operates 22 companies in Massachusetts, Nbw Hamp¬
shire and Maine, and all except three of them were found by the
Commission to be in the electric, gas or steam heat business.
For
the year ended on Dec. 31, last, the 19 utility subsidiaries had total
operating revenues of $16,324,517.
The principal
or
single integrated public utility system, if any,
of the New England
Gas)& Electric Association is located in Massa¬
chusetts, the Commission Wid, reserving to the Association, however,
that
establish
formed-under
will
184,213
^
RR.—Earnings—>
Month—1941
$6,464,097
Equip, rents (net)
the Public Utility Holding Company Act were instituted Sept.
against the company by the Securities and Exchange Commission.
What
3,017,791
580,3*3
49,612
156, p. 962. '^"7 -;';
amounts
to
455,065
Northern Indiana Public Service Co.—Aceum. Divs.—
;
revenues
Net rev. from ry. oper.
the corresponding week a year ago.
in
The
14,630
2,927,325
.
SEC Begins Proceedings Against CompanyOf
99,469
3,563,029
928,535
501,644
-
output for the Sept. 25 week is reported at 103,562,000 cu. ft.,
increase of 7,001,000 cu. ft., or 7.25 (.b above production of 96,561,000
cu.
103,894
5,087,707
1,758,549
865,785
__
Gas
an
1939
$375,490
73,722
24,487/
.
increase of 237,618 kwh., or 2.07%
kwh, for the corresponding week a
an
11,460,610
ago.
income
oper.
from
income
—V.
797,865
$14,740, 234 $10,043,523 $98,767,777 $69,477,498
1,177,681
;■<1,509, 438
9,911,723
8,045,857
Maint. of equipment...
1,417,955
13,375,162
10,651,456
1,799, 458
Traffic expenses —148, 113
120,546
1,049,206
932,762
Transport, (rail line)
4,179, 508
3,245,613
31,096,649
24,391,771
MiscelL operations —
199,400
1,988,145
1,446,565
304, 812
General expenses
334, 708
212,795
2,382,153
1,752,276
operating
Ry.
this, Association reports electric output
Sept; 25
This
kwh.
production
61,569
.
Electric'Association—Output—
New England Gas &
the
1940,
$365,206
153,922
1,103,712
2,234,115
V Maint. of way & struc..
For
1941
$489,664
254,994
Period End. June 30—
•
;
1,958,033
1,050,995
-
income..*.
867.
oper.
ry.
North Boston
104,067
140,409
120,890
;
1,236,751
railway
railway
1939
$177,502
•
■.'■'
' •'
1
■
1940
New York New Haven & Hartford
$31,766 for the current
month and $200,583 for the 12 months ended Aug. 31, 1942, additional
to the amounts required under the Revenue Act of 1941.*—V. 156, p. 1056.
provisions
84,785
138,309
income—
oper.
ry.
—v. 156, p.
——i_
—,
^Includes
1942
$682,682
,<
railway
Net from railway—
Net ry. oper. income...
—V. 156, p. 1057.
,
1942
$233,772
August—
Gross
Dividends applicable to preferred
Balance
■
;
railway....
railway
From Jan. 1—
$1,220,314
Other
I
.
from
from
Gross
1495.
New York Connecting
•
income
Interest
Net
1, 1942.—V. 154, p.
$2,777,053
$2,257,266
742,500
61
Interest orr-deb.
Int.
Net
recently appointed as transfer agent for the capital stock, effective
was
$2,255,938
1,328
$247,050
17
•
Agent-
Co., 22 William St., New York, N. tv
The City Bank* Farmers Trust
9,585
9,417
as
n
Norfolk Southern RR.—Earnings-
'
Amortization of limited-
Gross
City
August
Gross
_
investments
,
29.
reserve
appropriations
term
6%
A similar distribution was made on March 2, last,
and on Sept; 30 and Dec. 15, 1941, as compared with 75 cents each
on May 1 and Oct. 1, 1940, and $1^50 on Dec. 12, 1939.—V. 155, p. 828.
Sept.
York
from 1930 to date, and'prior to that i time was
associated with Attorney Charles A.
Phelps at Watertown, New York.
V. 156, p. 1154. •
•
.\
•
•
paid a dividend of $1.50 per share on account
cumulative preferred stock to holders of
the
on
New
•
,
1942
1941
1940
1939
railway-^^-
$513,692
$364,399
171,210
$413,537
110,436
$367,641
railway—™
90,569
71,544
ryy oper. income..—
! 122,343
70,387
55,339
37,647
railway.^^3,039,336
railway,——' ' 602,033
income.™ 286,479
♦Deficit,—V. 156, p. 786,
2,249,035
161,914
2,125,249
*127,531
*297,462
2,174,528
*12,357
*236,014
August—
Gross
from
from,
Net
Net
,
From Jan. 1—
Gross
Net
Net
.
from
from
ry.
oper.
*42,902
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
Land Co.—50-Cent Dividend—
Gahu Ry, &
Panhandle Eastern Pipe Line Co.—Dividends—
,
of 50 cents per share was paid on- the common stock,
par $20, on Sept. 21 to holders of record Sept. 5.
.This compares With
60 cents paid on June 20, last, and 30 cents on March 12, 1942.
Pay¬
ments during 1941 were as follows: ' Jan. 10 to and including "Dec. 10,
10" cents each month, and on Dec, 10 an additional dividend of $1.20
A
.
dividend
-share.—V. 155, p. 2187,
per
from
from
Net
railway
railway——
Net ry. oper. income-...
From Jan. 1—
railway;:--—-
from
Net
Net
'
-
204,505
*-
this
on
issue
6, April 11 and July 6,
last, and compares with $1 on Oct. 17, 1941; and 50 cents each on
March 20 and June 9, 1941 (compare V. 154, p. 1701) .—V. 156, p. 699.
recently
.
$24,286
2,954
*4,229
the listing of $1,156,300
authorize
1154.
p.
23,450
(The) Olympic Incorporated, Seattle, Wash.—Tenders
trustee, Seattle, Wash.,
receive bids for the sale to'it of first
23
mortgage prior lien leasehold bonds
amount sufficient to exhaust $25,000.
dated
March
31,
Co.—Seeks
1936,
to
an
-
dated
to holders of record Oct.
29
15.
April
29
this
on
issue
Jan.
on
29,
July
this
29,
and
year,
July 29, Oct. 29 and Dec. 26, 1941.—V. 156, p. 84.
Jan. 29, April 29,
Philco
Brad¬
on
Period End. Aug.
:■
Gross
(& Subs.)—Earnings c
V:'"
Years Ended June 30—
Gtoss
electric,
from
revenue
Miscellaneous
$93,052
revenue
603 :
'
revenue
v
Mohawk
156,
$470,847
:
expenses
Valley Co.
I
for general taxes-
depreciation—
taxes
and
27,
Aug. 6, last, as against $1
1941, and an initial of $1
.
Pierce Governor Co.—30-Cent Dividend—
stock,
was
of
payable
disbursed
25
Oct.
30
31
share has been declared
holders of record Oct. 17.
to
profits taxes
; 677
common
amount
542,000
368,921
31,429
394,650
1941
1940
1939
$2,766,025
$2,422,692
$2,236,682
1,229,264
1,070,258
996,952
1,590,604
73,561
1,451,268
76,389
1,290,988
93,648
1,182,619
114,457
*$32,202
*$57,347
exps., excl. of de¬
preciation and amort.
2,313,324
550,000
1942
Oper.
$5,232,572
2,679,993
337,415
408,579
Deprec. and amortiz.—'
Profit
$44,179
$9,104
expenses-*
17,800
13,521
19,581
600
Other
,s
42,354
754,948
$996,359
$1,114,899
339,267
less
income,
other
and
516,354
$108,110
.
the
like
$3,073,058
1,364,714
'
Cost of goods sold
1942—12 Mos.—-1941
29,090
89,508
A
Pig'n Whistle Corp. (& Subs.)—EarningsYears Ended June 30
Sales
.
—-----
1
on
April 15 and June 26, last, and on April 25, July 28,
22, 1941.—V. 155, p. 1125.
on
Dec.
and
cents "per
Oct.
Prov. for Fed. inc. tax.:
for Federal exsess
Prov.
on
on
consoli¬
6'Jo
$5,744,872
21,409
dividend of 50 cents per share on the
to holders of record Oct. 9.
A like
15
Corp.—Acquires National Union Radio : Corp,
156, p. 1155.
A dividend
611. '
p.
$455,564
199,082
45,500
220,154
46,000
25,591
—.
for
Prov. for Fed. inc.
:~
——
of
1942—Month—1941
,
Prov.
1941
$98,924
tele-
and
water
phone services
31—
Prov.
1942
$28,500
15
May
Stock—See that company above,—V.
Pennsylvania Power Co.—Earnings—
Operating
Pacific Power & Water Co., Ltd.
and
refunding bonds due 1981.—V.
Oct.
on
22, 1941; 50 cents, on Oct.
July 25, 1941.—V. 356, p. 1155.
<
A similar distribution was made
and
1952
due
debentures
Pacific Portland Cement Co.—Consolidated Dividend—
payable
disbursed
was
Dec.
notes.—V. 156,
Absorb
To
stock,
amount
The company
has applied to the Federal Power Commission for
authority to absorb the Bradford Electric Co. of Bradford, Pa.
Penn¬
sylvania Electric proposes to take over the Bradford company's 14 sub¬
stations, 60 miles of high tension transmission lines, 420 miles of
ordinary electric lines.
Bradford's stock, owned by the NY PA NJ
Utilities Co., would be exchanged for $1,731,500 of the letter's 5%
-
A dividend of $1 per share has been declared on account of accumulations on the 65/2.%
cumulative preferred stock, par $100, payable
Oct.
of
Pepsi-Cola Co.—To Pay 50-Cent Dividend—
'v"":V-/
.
Pennsylvania Electric
,-V.:/x.-:''.'--
o'clock on Oct.
House
the
The directors have declared a
thereof upon issuance pur¬
suant to an offer made to holders of outstanding 2aA%
251,127
75,289
—
to
as
so
The National Bank of Commerce of Seattle,
until 3
by
common
ford Electric—
will
excess of those required Under the Revenue
Pending enactment of the 1942 Revenue Act, no reliable
Inc.—Listing Pending-
Application to list the following securities is pending before the
Department of Stock List of the New York Stock Exchange:
$4,543,700
additional 4%
debentures due Sept. 1, 1956, and change in purpose
of authorization previously granted for listing 4% debentures due 1956
1939
187,638
38,482
*13,034
•Deficit.—V. 156, p. 517.
substantially in
1941.
period can be made.
However,
form in which it was passed
Representatives, it is the opinion of the
officers of the company that the
provisions made for Federal income
and excess profits taxes as above stated would
be adequate.—V. 156,
p, 1155." >-.•
: ■ 1
,'.l„
;
Jan.
on
of
estimates of the tax liabilities for this
if the 1942 tax hill is enacted in the
,
1940
11,560
made
was
Paramount Pictures,
$21,353
4,367
*1,912
189,607
60,304
Act
a
'v";
Vi .
1941
$28,574
9,644
3,166
811,382
457,419
-
income—j
oper,
ry.
/
common
<
railway——
from
Gross
..
1942
$131,821
81,558
39,400
August—
Gross
1"
■■
amounts
dividend of 50 cents per share on the
stock, payable Oct. 23 to holders of record Oct, 8.
A similar
distribution
City-Ada-Atoka Ry.—Earnings—
Oklahoma
The directors have declared
•>'J
1243
/
int.
12,356
119,330
...
Total
operating
Operating
$93,730
17,335
$99,528
19,343
revenues
expenses
1.361
Insurance
for .-depreciation*;...
Provision
Interest
expenses:
*«.*,.
.
funded debt
on
Debt discount and
'
expense—
and
organization
Provincial gross revenue tax
Unemployment insurance
Commissions
for
Provision
/
*—,
and
income
226
Consolidated net ■profit——'————-'—-—."
Note—Dividends
prior
on
preferred
,
shares
$11,913
and
Assets—Plant
Balance
at June
Sheet as
franchises,
$793,963;
equipment,
1942
80,
.
Period End. Aug.
$275;
paid
assets,
capital
$119,786;;
sales
taxes
payable,
notes payable, Others,
$24,060;
collections,
tax
Pillsbury Flour Mills Co.—Earnings—
oper.-
28,653,329
17,153,085 170,510,192 110,012,514
10,728,200
1942
sales
*
Cost of goods
Net
exp.
•
:
.
fr. ry.
rev.
4,859,149
72,815,400
53,840,185
$2,737,465
Dr79,224
$1,291,044
39,949
$1,330,504
14,804
$2,658,340
$1,330,993
$1,345,308
Other
income
(net).
696,452
6,591,106
4,989,492
881,677
696,485
6,596,748
4,989,716
1,003,356
401,674
8,166,736
fac. rents—Dr. bal.„
228,575
167,085
1,845,470
3,110,887
1,315,824
Jt.
retire.
870,551
Net ry.
14,940,970
income-
oper.
10.332,240
74,494,732
268,258
Interest, etc.
Federal
&
State
income
taxes:—.
Provision for post-war expenses—*.
'
-:V T:>:
(Including domestic subsidiary companies)
Years-Ended June
30—Q- 1942'
;
sold.:***;
12,301,753
9,898,062
'Profit from opers.—
share of net
profits of cos; over 50%
owned (not consol.)-
$5,673,921
$3,954,187
Net
1939
Net
$11,617,344
8,314,911
8,432,448
$3,768,406
of goods
Cdst
Gross
■
$17,975,674 $13,852,249 $12,200,854
Net sales
.
200,000
62,649,584
1941
railway—$76,947,112 $56,621,217 $42,761,707 $36,181,827
28,611,345
17,127,604
13,164,468
11,242,917
ry. oper. income—
14,917,766
10,326,497
8,024,567
6,827,047
railway—:^
From Jan. 1—
frstn
Net
from
Net
Proport.
1942
1939
1940
from
from
aross
$3,302,434
.
August—
•
•
1940
1941
ry.
,
11,209
3.224
'
5,873
•
:
131,581,987 390,058,958 304,502,475 260,181,211
87,101,179
69,791,330
74,671,284
62,778,070
51,357,442
39,398,310
railway—-
;$3,960,060K $3^71,630 $3,313,643
'
'
hiinistrativeexpends J3,034,481 - 2,658,894 '
2,576,184 .
2,414,645
-
Selling, general and ad-> '
-
-
income—
Completes Improvements—
inc. tax..
*—1—
74,947
559,831
profits taxes.,
892,619
expenses,, etc.
—*
Misc. losses and charges
Prov;
Fed,
Fed.
for
exc.
'
8,275
.1—1_ "
55,024
334,538
,
*
/.
38,747
226,540
203,135
subsidiary
*_•—•*
500,000
of
22,582
-
August—
construction
of
two
new
yards,
it
was
from
Net
12,714
$600,533
$921,884
$618,744
$708,469
140,872
1,057,113
64,052
78,417
Fibreboard.
jr 827,517
712,719
1
1940.
1939
$1,361,775
$1,228*638
$810,799
$841,856
656,430
586,082
211,166
282,239
ry.
income-*-
329,727
297,529
*60,286
14,204
1942.
railway
oper.
$1,816,730
$1,600,038
$1,713,020
1941
•
1,047,242
$769,488
8,827,339
$552,796
8,274,603
railway--
6,286,003
railway-—...
1,418,339
916,309
62,892
17,244
-331,342
*518,787
*1,362,364
*1,343,963
5,205,968
4,056,315
3,866,014
$1,427,898
1,047,242
Gross* from
g 712,719
Consol. profit for year
income
Net
Divs.
from
—
-
:
fDiVidends paid
—:
addition to
Net
surpl.
surplus—:
Previous
*
.
Net
ry.
oper. income
•Loss.—V. 156, p. 868.
__
'Philadelphia Co. (& Subs.)—Earnings—
(Not
$380,662
Earn,
subsidiaries
7,466,166
balance
surpl.,
at end of year—
$9,596,887
of
;t$95,216 paid on preferred stock in 1941, 1942 and 1940 and $592,026 ?
1942 and 1941, $1,190,029 in 1940, $952,020 in 1939 and $1,428,030
1938
paid
Notes—(1) Provision for depreciation charged to profit
the year, amounted to $524,705 in 1942; $350,646
$355,045 in 1940; $348,467 in 1939, and $335,030 in 1938.
>
during
;(2) The provision for Federal income and excess profits
upon
the present
•
Amort, of
and loss
in 1941;
/.>.'
Taxes
of
the presently proposed amendments to
fiscal year companies become
1, 1942, the company would become sub¬
for
Prov.
plant
than
19,583,971
17,713,845
3,439,320
3,594,676
7,135,473
6,219,133
2,987
to January
retroactively
690
3,336,434
690
3,104,179
5,622,475
4,354,574
acquisition adjustments
taxes)
income
—J
Fed.
—
excess
taxes
>
.
by utility
—
profits
tax
by
utility
a
subsidiary
.
Net
ject to substantial additional taxes.
~~
/
,
279,564
Cash
Notes
—
*;
_
and
accounts
receivable
Inventories.*
111,186
*._;
" $701,645
4,113,893
.-**:._*4,714,578
Interest
26,430
36,186 •
$.268,760.
8,294,301 ;
Capital assets
'
7,672,316
&,595,106
Patents
:
.'1:—
;: 60,403
65,273
Gopdwill
—..—.
1
.-1
Prepaid expenses'and deferred charges:!-'—:
231,902 '
98,344.,
Expense advances to and accounts of employees
'
Investments
*
----
.
-
J——
funded
Interest
debt——*
4,879,956
———
and
construction..
to
$25,789,934 $23,397,227
5,522,698
1,307,964
Crl64,947
523,830
*
528,151
26,417
Approp. to reserve for payments on obligations
'of
street
ry.
Guaranteed
Co.
Taxes
guaranteed
cos,
by
company—
payments on the Consolidated Gas
(Pittsburgh)
preferred capital stock.
assumed
interest and
69,192
69,192
169,254
193,448
208,921
trade and miscell. liabilities^
$812,049
commissions, etc.—208,114
Dividend on preferred stock, payable July 15—
23,804
Provision for Federal inc. and exc. profits taxes
*1,131,000
Accrued
wages,
.
Provision for other
taxes——
4r/<-
stock
surplus
(no par)
122,729
81,187
$7,711,782
1,547,911
1,573,771
$6,425,511
$6,138,011
2,343,550
2,343,552
2,595,323
2,160,160
dividends
2,380,400
10,666,170.
.9,596,888
Preferred
Common
—
—^
$25,789,934 $23,39.7,227
-♦Less $300,000 U. S. Treasury notes, tax series.—V.
155, p. 1925.
income.—
dividends
dividends
♦Less
non-operating
revenue
deductions
(including $277,710 and
$183,657.29, respectively, provision for Federal and State income taxes).
2,380,400
,
Note—Provisions for Federal income
above
Total
net
—
,
10,666,170
8,827,399
income
minority, interest
Consolidated
248,793
—__——
—————
Total
86,549
849,364
—
cumul. conv. preferred stock ($100 pari—
Common
Earned
Net
$706,915
117,196
23,804
340,000
—122,146
Reserves
Balance
demand
Sheet, May 31, 1942
;
■
hand, $2,602,636; trade
$196,791), $4,833,094;
bill
of
lading
drafts under
collection, $674,369; inventories, $15,i
817,079; advances on grain purchases, $99,698; miscellaneous accounts
receivable
(less reserve for bad debts, $6,553), $711,700; prepaid ex¬
penses, $446,210; land
(less reserve of $50,000), $1,391,105; buildings
and
equipment (less reserve of $10,588,534 for depreciation), $10,on
receivable
(less
deposit
reserve
for
and
on
bad
debts,
movable plant—vehicles, furniture and fixtures (at cost less ;
$536,818; trade memberships, miscellaneous investments,
or less
(less reserve of $69,750), $120,373; miscellaneous
assets, $73,868; deferred charge—unamortized debt expense, $165,013;
goodwill, trade-marks, trade names, etc., and hydraulic rights, $1;
total, $38,188,123.
at
cost
Liabilities—Notes
payable,
accounts payable and accrued
$6,695,000;
liabilities, $1,997,732; first mortgage bonds, 3%, sinking fund payments
due within one year, $200,000; reserve for taxes on income and capital,
reserve for post-war abnormal expenses, $200,000; funded
$5,000,000; capital stock ($25 par), $13,730,625; earned surplus,
total, $38,188,123.—V. 155, p. 1756.
$1,180,000;
debt,
$9,184,766;
periods
effective
June
have
during
been
such
made
periods
in
and
excess
profits taxes for the
accordance with
except
as-to
from
1941
$120,500
$147,459
$93,593
970
43,639
*13,045
25,223
24,863
13,326
993,747.
990,032
785,966
581,191
168,438
337,577
229,083
130,466
49,516
railway
railway
203,628
119,339
29,962
*
Net ry. oper. income.:*
From Jan. 1—
from
Gross
1939
1940
1942
from
Gross
.
railway....
Net
from
Net
ry.
railway
income._*
oper.
Shawmut RR.-
Pittsburg &
1942
$114,286
33,746
26,029
August—
from
Gross
Net
from
railway—.
railway.
Net
ry. oper. income:*.
From Jan. 1—
from
railway.—
813,825
Net from railway—292,022
Net ry. oper. income—.
241,867
•Deficit.—V. 156, p. 437.
Gross
;.
$82,186
r
:
24,227
8,685
Earnings1939
1940
1941
$141,934
$53,561
29,134 ;;
54,887
9,201
17,929
41,961
5,803
655,241
870,673
344,732
192,007
319,224
120,786
221,417
*3,569
•23,937
$91,146
;-r.
Pittsburgh & Lake Erie RR.—Earnings
Period End. Aug. 31—
Rv.
revenues—
oper.
Maint.
Of
way
Maint.
of
equipment*-*
&
Struc.
—.
$7,973,422
on
•Liabilities—
; Accounts payable,
legislation^
508,677
141,874
Cr458,119
expense.*—
—*
charged
Dr254,564
$14,939,022 $14,476,604
debt discount
of
Dr685,886
Approp. to reserve for revaluation of assets
•
Miscellaneous deductions—_ r
'
Total
on
:
interest
.
'
i.:_:
income
Amortization
Other
$15,624,908 $14,731,169
'
income
'Gross
1941
$874,294
3,572,416
3,861,307
—
-*■*.■
operating revenue
•Other
Consolidated Balance Sheet, June 80
1942
Assets—
liability under pending
3,231
...
income
& State
Fed.
subsidiaries
taxes is based:
1—
repairs
leaseholds—
utility
(other
for
Prov.
,
Should
law.
and
the Internal Revenue Code with respect to
law
for potential
provision Is made for excess profits taxes;
•Assets—Cash
Net
1941
$55,025,822 $49,832,683
Approp. for retirement and deplet.. reserves—.
Amortization
stock.
common
on
Maintenance
railway
Philadelphia Co.)
1942
Operating revenues
Operating expenses
$7,846,828
$8,274,603
$8,827,399
in
in
$150,000
Note—No
August—
including Pittsburgh Rys. Co. and subs, and other street
12 Mos. End. June 30—
v
eludes
Pittsburg Shawmut & Northern RR.~-Earnings-
1,047,236 *
$427,775
7,846,828
from
Net
114,646
.'
1,285,245'
'
878,758
716,157;
;
railway-——
from
Net
*_
,
and
Pennsylvania-Reading Seashore Lines- —Earnings
V"*-
;
pier,
a
156, p. 868.
From Jan. 1—
Other income
$909,914
$810,764
796,375
Surplus
$353,552
$14,389
$22,156
•Earnings per share—:
$1.89
$1.47
$1.64
•On 549,225 shares of capital stock,
tlncludes maintenance,
fin-
etc.,
': 188,000
*:**_*.
:
.;,•*—
depreciation),
Gross
Prov. to. res. for conting.
foreign
completion
75,169
Prov. for res. for invest.
.in
company on Sept. 30 announced the completion of $3,000,000
improvements to speed the movement of war materials in the
Philadelphia area.
The program includes rearrangement of one yard,
track
stated.—V.
Subscrips. to exposition,
;
.
686,530
170,583,455 110,039,128
railway—
oper.
The
$5,680,622
:
215,000
302,500
$1,040,082
accounts
'
6.701
229,394
217,729
.
11,150,000
Earnings of Company Only-
Account p
Income
44,747,529
928;95T"'*T,T57,83T"
32,957,011
taxes-
Railroad
Inc.—Earnings—
Consolidated
1940
eral and administrative expenses
70,729,309
Deprecia^iOT"™™~~r:--™rrrrrr—952,631"
Dividends
Paraff ine Companies,
1941
$74,419,524 $56,060,186 $47,235,669
sold and selling, gen¬
39,597,179 362,071,304 280,864,663
oper.
earned
stock, $279,500;
surplus, $17,048; total, $1,016,647.—V. 151, p. 295, 660.
fixed
:
1942—8 Mos.—1941
1942—Month—1941
Equip. rents—Dr. bal.__
billed in advance, $1,769; reserve for tax adjustments,
for depreciation, $333,591; capital surplus arising from
of
31—
Railway taxes '
Unemploy. insur. taxes-
or
reserve
appraisal
income
$19,500; notes payable,
$12,169; accounts payable, $245,payroll tax collections, $20,192;
accrued liabilities, $26,883; participating preferred stock, $1,359,760;
common
stock
($1 par),
$108,000; capital surplus, $67,625; deficit,
$830,404; total, $1,063,214.—V. 154, p. 338.
929;
Years End. May 31—
48,462,321
T;
$249,500; accounts payable, $1,652;- provision for income taxes, $8,737;
accrued bond interest, $3,119; customers' security deposits, $1,672;
revenue
Liabilities—Federal
banks, $9,500;
'
Railway
sinking fund bonds,
trust
depreciation and amortization), $739,798; goodwill and trademarks,
$1; total, $1,063,214.
Net
-
and collateral
for
(Excluding L; I. RR. and B. & E. RR.)
,
$2,340;
$2,071;
-irmmtoryof -ma-terials,--auppHes--and-merehftndi«er-$15i-704; prepaid.
expenses, $610; sinking fund cash in hands of trustee, $239; deferred
mortgage
$526,034
Assets—Cash, $49,999; sales tax collections, $24,060; payroll tax col¬
lections, $20,192; accounts receivable (less allowance for losses), $6,864;
inventories, $190,440; prepaid insurance, taxes, etc., $21,859; lease
deposit, $10,000; equipment, leaseholds and improvements (less reserve
Pennsylvania RR.—Earnings of Regional System—
.
Pacific Power & Water Co., Ltd., bonds, 5%, 1957,
accounts receivable, $4,496; miscellaneous accounts receivable,
total, $1,016,647.
$409,099
*$38,017
.
rights-of-way,
$35,649;
Liabilities—First
$57,866
,
*$19,846
$22,025
Consolidated Balance Sheet, June 30, 1942
.
subsidiaries
charges, $46,308;
39,598
•
$42,398
tlncludes gain on disposition of capital assets ($10,200).
•
.
3,300
.
$16,375
V.
rights and other intangibles, $78,736; excess of cost of shares of
over
book value at date of acquisition, $36,530; cash,
water
39,598
17,500
pfd. stock exetc.
during the first eight months of 1942 $225,517 more than at the 1941
Revenue Act rates, or $83,502 more than was provided in the period.—
157, p. 2658.
-
$8,077 in
to
•
Consolidated
210,000
3,300
stock-
pfd.
on
Balance
—
$14,441
•
17,500
Net profit
$775,632
210,000
Note—During the eight months ended Aug. 31, 1942, Federal income
excess profits taxes have been
accrued at the rates prescribed in
; the 19,41 Revenue Act plus additional provisions aggregating $142,015
for possible increases.. The rates prescribed in the pending Rouse bill
(45% income and surtax and 90% excess profits tax) would require
1,
amounted
337,663
$658,697
and
7,186
"''
^;
29,443
$78,666
Amort, of
pense,
2,273
586
8,736
profits taxes--
31,010
$37,175
.
income
Divs.
>
1,432
.
,
—
*
:■ V"^
1942.
1,377
,
deductions
♦Loss,
7,939
22,772
13,273
expenses
excess
V
<
,
other
&
Net
■
1,090
1,010
9,080
23,800
12,605
*
Int.
$68,185
1,358
6,573
Maintenance
Property taxes
General administrative
income
Gross
the
the
six
Revenue
months
Traffic
expenses.
Transportation
Other
(rail):.
expenses
v
1942—Month—1941
1942—8 Mos.—1941
$3,065,729
$2,813,822 $22,392,463 $19,190,054
231,660
243,374
1.863,525
1,630.070
824,653
737,253
6,378,517
5,687,817
39,293
35,421
319,610
292,302
788,627
727,401
6,330,344
5,359,686
92,643
82,842
768,462
669,820
$987,531 $6,732,005 $5,550,359
726,341
677
3,545,404
Cr419,806 Cr3,561.431 Cr2,811,911
accruals..
$1,088,853
972,635
Equip. & jt., facil. rents
Cr477.682
income.
$593,900
18,309
$680,996
17,634
$4,099,759
105,553
$4,816,866
156,362
$612,209
258,996
2,819
$698,630
$4,205,312
$4,973,223
16*'?u
1,5iQooo
49,828
63,74*
$350,394
$525,388
$2,596,904
$3,848,397
Net rev. from ry. oper.
Railway
Net
rv.
Other
oper.
income
Total
Miscell.
Total
tax
income
deductions
fixed
charges.—
^
3,414
Acts
ended
30, 1942, during which period such provisions have been made in
Net income
—V.
156, p.
964."
THE COMMERCIAL & FINANCIAL CHRONICLE
1244
f>tock—
mission to Issue Debentures—
v'
,/■
:'t.
It is announced that the New York City transfer agent for the com¬
mon stock has been discontinued as of July 31, 1942, < Said stock is now
transferable only at the offices of the Canada Permanent Trust Co.,
Bay Street, Toronto, or Richards Street, Vancouver, B. C„ Canada.—
V. 156,'p. 787. '
v
•
■<
• V,'
,
to issue $4,920,000 5% debentures to
outstanding preferred stock.—V. 156, p. 437.
for
Railway Express Agency, Inc.
^
,;
1939
1940
railway-'--$620,767
Net from railway-^~V;
J 224,140
139,567
Net ry.
qper. income--'
180,626
115,684
From J^in. 1—
/...'
'•'/''
$392,293
105,603
,107,771
91,543
92,583
3,396,775
2,765,855
1.191,330
728,612
584,556
•424,581
"
v'
' •'
I
19,561,648
income-
&
revs.
in
Gross'from
Gross -from railway—r
Net from railway--—Net
—V.
" 4,170,069
1,418,347
.
135; p. 787.;
:
1,103,963
;/;/,/:■;;
income—
oper.
ry.
•
Operating
expenses;
coupons
"
^
^
'
\ .4.
•> ' ' '
j|»
due
1940.
Jan. 1 and July 1, 1938; Jan. l and July 1, 1939, and
■' >;
/
,:/v/;..
' -:v.
/ / '• \
5';*? first terminal and unifying mortgage bonds it is pro¬
posed to- pay two coupons due July 1, 1936, and Jan. 1, 1937, equivalent
to $50
per $1,000 bond,
while the trustee recommends that holders 1
of general and
refunding 5% mortgage bonds be paid the balance
due on
the Jan. 1, 1936, coupon equal to $16.50 per $1,000
bond.
Pursuant to previous court order dated Jan/ 9, 1942, a partial-pay¬
ment of interest instalment was made at rate of $8.50 on this coxrponV •
1,
the
On
/
,
14,790,633
137,665,889
69,059,385
4,654,512
661,912
\
110,472,256
78,435,914
5,349,295
Judge Charles B." Davis at St.' Louis has set Oct. 9
Jan.
1942—7 Mos.—1941
11,350,095.10,100,663
7
776,753
684,082
—
LL.—
Express taxes
& disct.
Int.
626,747
2,6$7,454
transport,
156, p. 964.
Rail
—V.
.
funded
on
95,843
91,255
4,892
6,834
50,275
7,334,065
3,907,799
53,168,493
-
debt
Cither deductions ///—
,
.*?
rev—
T:
••v
■.
for the
hearing on the petition of the trustee of the road-for authority to
pay back interest amounting to $100 per $1,000 principal amount ol'
second mortgage 4%. gold income bond certificates representing five
exchange
Subs.)—Earnings—
' '* f
^
Federal
company
562,026
979,349
Total
$321,876
(&
Southwestern Ry.—Trustee'Asks Authority
Louis
to.- Pay Interest—:
3
be used
1942—Month—1941
Period End. July 31—
'
1941
$453,101
.
v;
permission
,
1942
V'<■>
-
The California Commissioner of Corporations has denied the
Pittsburgh & West Virginia Ry,—EarningsAugust—
St.
Railway Equipment. & Realty Co., Ltd.—Denied Per¬
-Pioneer Gold Mines of British Columbia, Ltd.—Trans¬
fer of
'Monday, October 5;; 1942
161,119;
>
Earnings For August and Year To Date
Period End. Aug. 31-
35,970,493
Ry.
operating
Ry.
tax
3942—Month—1941
1942—8 Mos.—1941
;
'
-
$2,534,334 $29,635,303 $17,540,999
$4,224,492
revenues
,'rl
Potash Co. of
America—Earnings—
1942
1941 ' ' '
Reymer & Brothers, Inc.—Calls Preferred Stock—
glided June 30—
Sales' A-/—-:
Cost
6f, .sales------_
$8,872,848
5.485,604
$7,440,249
4,861.241
$5,591,646
$3,191,454
3,810,112
2,203,823
p'rofit from sales
$3,387,244
$2,579,008
$1,781,535
$987,631
596,350
601,818
500,789
357,639
Yfears
-
Gross
Selling and
Profit
exps.—
gen.
from
$1,977,189"
$2,790,894
opers
Other income
1940
,' ,1939
.
,
/;/
i,'
$i;280,746
v
The
of
28,689
$2,010,548
$1,309,435
7,464
*682,162
236,332
before
time
any
all of
share,
per
The
the
Ry.
151,
date.—V.
stock,
•
Income
deductions
Fed.
for
Provision
24,148
.
...
ry.
Net
with 20 cents paid on July 1, last, and 20 cents on April 1, 1942<
during 1941 were as follows:
April i, 20 cents; July 1,
cents; Sept/30, 20 cents, and Dec. 24, 30 cents.—V. 155, -p. 641.
ry.
/_/_-//-//_
V'
*14,859
30
Net
Divs.
961,684
,
Balance
Net
Net
.'..'///
from
ry.
income
Gross
hand
on
demand
and
deposits,
$884,349; accounts
re¬
Net
inventories, $502,153; mar¬
ketable securities, $L072,214; 'cash on, deposit appropriated for ex¬
pansion of plant, $145,855; U. S. Treasury bonds, $20,243; leaseholds
(net), $11,383,935; property, plant and equipment (less reserve of
$1,016,639 for depreciation), $2,277,390;
intangible assets,; $50,443;
prepaid expenses and other deferred charges, $39,791; total, $17,337,364.
ceivable, $950,991; notes receivable, $10,000;
from
profits
excess
Net ry.
Potrero
Called—
Sugar Co., Inc.—Bonds
'
This
stock,
/ /
directors
The
two
of
cents
April
15
July
and
Distributions
.
15
Jan.
$703,904
/
"
Purchased
"
power
' 14,576
"
16.638
—/i-',,
Maintenance
212,883
■
291,164
Operation
36,697
depreciation-
for
'
63,091
75,065
66,339
67,620
taxes
2,752,348
Oct.
Federal
Net
"
412,219
income
Non-operating
55,574
666,630s
50,689
$2,244,194
2,112
Drl7,142
$159,307}
—
r
interest
Other
interest r /net)
Other
deductions
,$193,648
1
58,361 :
58,361
'
1941
during
492,628
•
Net from
$2,182,435
/
Net ry.
2,848
.
3,025
120,224
$124,951
$1,403,465
Net
—
$1.75
15.602
—V.
67,905
*194,958
*180,925
*229,542
to
this
issue
of
paid
805,408
dividend
a
1'ib
the
on
record
July
on
July 15, 1942.
3,.last,
of
$1.75
cumulative
Sept. 26.
share
per
preferred stock,
and on Oct.
1,
1941.;
on
par
made
similar distribution was
A
Arrearages
at
as
said to amount to $82.25 per share.—V. 156. ». 167.
were
Schenley Distillers Corp.—Plants Producing 100% for
follows:
as
Oct. .3
on
holders
i':/-".':/v/./'":";
v/
Were
company
of.accumulations
on
share
per
War
Orders—Expansion—
for
of
war purposes
alcohol or high
xeport...released, on Sept,. 30
or
of
production,
,
the
wines,
output of its 12 whiskeyof alcohol, wa«>cited in a
entire
a form
by-LcwfA-S.- Rosenstlelt -Chairmanr-^
68,816
/
.
1940
.
12
will
-
7,749,557
69,047
1,995,969
/
. 2,285,535 .
1,266,646 / /11,111,175-.) 1,422,665
//); ■/-8 y
• //•*
be
than
5,131,505
T,614J)45
5,098,348
•
3,438,806- r/'l,802.343.
alcohol,"
war
in both
types
included among the
keeping with the policy
In
making
now
high
is being
wines
12
of
con¬
Neither
of
converted
Rosenstiel.
Mr.
said
He
■
that -in
addition
to
produteing war materials,/the company > recently
in- Arizona,
and
is
acquiring
a * distillery
in/
these- plants
Into
alcohol
has
plants
been
in
both
operation., and
rapidly
as
possible,
as
plants has Wen producing alcohol for military purposes!
since
before
Pearl
Harbor," the report " stated,
"and from Jan,^ I
through Oct.. 31 of this year the corporation-will* have .delivered more
than 24,000,000 proof gallons of distilled materials, equivalent to more
100,483
4,877,005
to
distillery
a
"One or
;
railway.
according
plants- now
Montana,
$436,709
.
.
wines.
distillery
into
engaged
are
On
completion of this; program, all of the company's distilleries
be
producing high-proof
alcohol required for smokeless gun¬
powder, synthetic rubber, chemical warfare, lend-lease and other mili¬
1939
.
$485,004
.121,885
92,695
103,204
378,668
215,362
.
high
redistillation
plants
plants,/not
our
will
Ry.—Earnings-
$510,119
of
redistilling
every
the
of
"Some
one
verted as rapidly us possible into a plant capable of directly producing'
high-proof alcohol.'' /'
./■/';;;/■ ■,: /''"//-"'/^Y'
'',:
Dealers' discount
/:<,?1941
1942
income--//
our
12,000,000 wine gallons of .alcohol, for war purposes. %
/''//;■:/' %
plants are working, on a/24-hour-per-day basis, -Some¬
//'Schenley
thing
oper.- Income:
<•/
is
tary- uses,
$884,390
'high wines' for
and
company,
the
railway——
156,' p. 869;
making
are
Mr.'Rosenstiel-said.
Merrill
Seicoridary Offering
fixed price of 107%;
a
railway—/—:
from
8,135
►237,759
•
$100,
-
from .railways—^
Net -ry.
118,320
;
-
From Jan. 1—
Gross
59,883
156, p. 870/
account
mentioned,
■/fc;.';/'-1,//-'/.;
oper.
'-,902,953
98,078
ing the September meeting of the board,
"All of our plants are producing either 190-proof alcohol for military
Safeway Stores; Inc.
from
904,595
1,170,320
uses
•
'August—
*5,174 t
*1,559
-*31,362 r/ i; *34^363
Schaffer Stores Co., Inc.—Accumulated Dividend—
payment since ApriPl/ 1938/when1112Vs cents -was paid.---V, 155,
Gross
}
$96,433
$99,917
-
Net; ry. oper, income.—
acquired
$2,227,052 $2,185,283
700,338/^/700,338
nnA 000
'
000
1,229
•r.
9.243
:
v
9,107
Cr3,707 :
_-
of
1939
1940
'/
"'
11,979
-
railway..—
railway—
*Lo.«S.—V.
»
140,580
$191,536
—!
"
Sept. 24^declared a dividend of 25 cents'per Share
par $2.50, payable ,Oct. -15 to holders of record
A like amount was disbursed on April 15/last, ^Which was the
stock, at
$1.50.—V. 156,
58,858
157.259
49,100
income,
income.
income
Gross
5,230
12.080
I $159,376
Dr69
tax
-
1059.
dividend
St. Louis Brownsville & Mexico
4,134
—
■ •
,
Lynch, Pierce, Fenner & Beane offered after the close
of business Sept. 29 a block of 7,000 shares of 5% pre¬
;
1941
-
$127,132
-
stock,
ferred
423,488
v
797,674
s 765,982
884,479 ""
910,614
.
12,836
^
operating
Bond
-
/£
"
1
State
and
- -
this
(.
•
59,851
on
common
8.
first
'155,877
Social seeur. taxes, Fed.
Federal taxes
stock
1942-
$208,206
-
'Jaii.v.i'-—
from
from
Net
Delivery
directors
the
on
2,160,119
176,058 "
Z
34,709 : "
;
"
Prov.'
State fz municipal
•-
v-VV.'%///'!/%; v'//%a'/y
.
common
V
railway—
railway
distilleries of
$7,290,581 T
$8,146,435
$659,859
v
the
;
ry-/'oper/-!Jnwme^//'''///>20,504''^*^>21,27Wr
'604,456
2462.
p.
on
1942—12 Mos.—1941
1942—Month—1941
31—
last.
15,
on
,;i';
..
.604,916
*
from
April 15, $1 each; July 15, $2.50, and Oct. 15, $1.—V. 155,
and
;
Net
as
quarterly
$2,140,745
from
7%
The
per share
J/ Public Service Co. of New Hampshire—Earnings—
revenues
usual
the
2,018,356
$4,046,531
Net
cumulative preferred stock, par $100, both payable Oct. 15
to holders of record Oct. 6.
Like amounts were disbursed on Jan. 15,
the
p.; 1317. •
Period End Aug.
and
stock,
common
on
m2,Q18,634
Gross
Sept, 30 declared a dividend of $1 per share on the
on
253,243
v
.
156, p. 517.
The
since.
Operating
as
$4,159,103
•
1,473,948
Royal Typewriter Co., Inc.—$lsCommon Dividend—
with five cents per; share paid on April 15, 1940;- none >
compares
and
company,
63,532
$6,065,166
$390,861
252,626/.
$206,023
74,472
$644,104
$458,649
—
$4,095,571
$5,990,694
$635,124
•-
y-Y 8,980
5,779,184
fI^^'feussefe%:::Fi|:th^ve]ftue^Inea^5-GeD^Aiv;i^^
dividend
a
,
President and a director
Vice-President and a director of the
resigned
$5,485,717
1,390,146
1,640,233..
Reynolds Metals Co. of Richmond, Va.—V. 156, p.
$1, payable Oct. 24 to holders of record Oct. 17.
par
above
Sept. 25
on
181,891
$8,411,167
San Antonio Uvalde & Gulf RR.—Earnings—
From
Robertshaw
A.
:,>/■ 199,482
%/j 126,863"'/' 2,420,473
363,705
9,307.
——
$5,303,825
>$8,211,684
18,786
;/
6,402,903
1,868,163
1,853,351
income—.
oper.
the
of
.
Mihes, Ltd.
declared
directws' have
—V.
156*, p.'7*88.
G.
for
PowelT Rduyn GoId
The
the common
V
;
.Richmond Radiator CQ,rr-rKesignation~~
redemption on Nov. 15, 1942, at 105%
plus accrued interest, all outstanding first mortgage 7% sinking fund
bonds due Nov. 15, 1947.—V. 156, p. 1059.':
V
A"','.'''/;'/;/
have called
directors
The
1939
$555,961
96,408
86,901. /
60,391
176,281 /•
9,136,547
3,657,887
,9,661,021
$6,733,497
1,429,672
$710,646
-
Gross
(less tax
taxes
*
income
August—'
17.184,511
railway
railway-//!/—
from
—V.
Federal and: State in¬
anticipation notes), $305,000;
property, capital stock and social security taxes, etc., $85,287; due
employees for war bond deductions. $13,204; other accruals, $114,080;
reserves, $519,184; credit from June 30, 1942, valuation of ore deposits,
$10,365,135; capital stock (par $5), $2,747,670; paid-in surplus, $692,112; earned surplus, $2,280,506; total, $17,337,364.—V, 155, p. 2188.
and
1940 V /
C
460,773
\Z. 93,023:'; vv 237,406*.
income-,//
oper.
1941
'.Net
'
accounts payable, $215,187;
Liabilities—Trade
1
come
1942
1,581,192
railway—/,/_
RR.—learnings
From Jan. 1—
Sheet,
Gross
Assets—Cash
Potomac
&
$2,519,478 ..$1,124,090
railway-
from
Gross
.
1941, .respectively.
1942 and
Fredericksburg
August—
$1,400,020
year-
capital stock—
'Includes
tax. in
Richmond
$1,309,782
$1,065,639
$551,966
686,588 .*
547,959
271,359
$828,787 and $215,000 provision for Federal excess profits
for
income
on
83,216
i
$761,987
$449,342-
ihcome_ V :
Non-operating
Deductions
:
.'
28,011
income
oper.
•
*1,395,264
1
$743,201
Payments
and
taxes—
income
State
246,200 /, 6,239,234
$785,036
income- :
oper.
Deductions
par-
pares
$2,819,432
income
Gross
income—
oper.
./ Total ry. oper. income'■/'' $813,047
-15-Cent Dividend-
Sept. 30 paid a dividend of 15 cents per share on
$10, to holders- of record Sept. 23.
This com¬
on
company
Common
$14,450,919
Holders have the option
redemption
Other
Rhinelander Paper Co.-
$650,041
18,604
at
256/
p.
20,049
.
preferred stock as of Oct. 26.
payment
receiving
$629,992
;
33,359
28,538
for redemption, at $105
corporation has called
its outtsanding
/ $989,401
$2,193,683
accruals—— ; / 1,408,643
up
■_
before knowft in
never
production
our
gallons
its
or
to
an
the beverage
annual
equivalent Of
industry, stepping
of--60,000,000 proof
distilling
in
rate
30,000,000
excess
■
'I
of'' alcohol//'t-.v
gallons
;
Netincome
Pfd.- div.
/
55,816
requirements
Notes—(1)
reflects
$95,405
,/
for Federal
Provision
-
55,816
■
Trustees
Louis
Federal
(3)
taxe3
income
statement have been
for
adjusted
the
in
periods
to include the
1941
covered
Oct.
this
by
retroactive
was
/
to
;.
Public Service Corp* of New Jersey (& Subs.)—Earns.
'•/•;■
^
W/'; ',/■ -
J
Exp.,
maint.,
deprec.
&
St.
carried' out,
consists
shell.
by
the
distilleriesv.into
of
Use
special
war
equipment
alcohol
called
'•
'5.
y/.
Oct.
1942,
1,
in
and
payment
of
balance
unpaid
$24.40 on
instalments
of
which
interest
t
t
consolidated series A and $32.54 on
units
is
packed
a
existing
condensors
distillery
other
and
equipment,
and
needed
only
need
a
and
cylindrical
equipment are
to be suitably
rearranged and reconnected..
Converting whiskey distilleries to war
production plants/by use of the packed column results in considerable
savings of labor, time, materials and money, the essentials of Indus¬
trial preparedness.
The cost by our/method is about one-quarter of
the cost of other known
"We have
methods./
/ /
offered the
use of the packed column system of conversion
distilling company in America, including what¬
ever assistance
is requird in drawing up plans and writing specifica¬
tions.
Some
companies
have
already availed
themselves
of this
due
to
every
service."
became
While
r
series B in full
**■
entire
the report
Schenley plans for bottling and distribution, of. the company's products
during the emergency "which will enable us to make the best possible
of
use
Earnings of Company Only—
'
the
industry will shortly be converted to war produc¬
stated, whiskey stocks aging in warehouses/will con¬
tinue to be available for bottling and sale; Mr; Rosenstiel said.
Hcs
stated that trade reaction had been favorable" to recently, announced
tion,
of interest instalments due Sept. 1, 1942, and June 1, 1942,
respectively, and in partial payment of interest due March 1, 1942, and,/
Dec.. 1, 1941, on A and B series, respectively.-'
p
.....
separators,
royalty-free
payment
12,163,894 161,958,832 147,851,272
brick^tile.Raschig-rings enclosed in
principally of
The
of
part
-
1941, and in partial payment of interest due Oct. 1, 1939.
on prior lien
bonds, series A; $25 on series B, and $30 on
E,.. in payment of full
all series July 1, 1942.
on
/..Also
.
<13,764,992
Court at
$20
series
;
1942—Month—1941. / 1942—12 Mos.—1941/
V /'V
''?*■
'' .'V/-" V
■■
^ -<V
Operating & Other revs.
Federal
was
1940,
1.
Also
due
Period End. Aug. 31—
also
;
1,
April
the
.-7
in
petition
proposed "interest-* payments would amount/to $80 a $1,000 Fort
Scott bond in payment of full interest Instalments due April 1, 1940,
proportionate part of the
made in September. 1941, which
beginning of that year.—V, 156, p. 1059.
adjustments
a
pay
The
-
,
„
to
trustees to pay out $8,009,434 in interest.
// Judge George H. Moore set both matters for hearing Oct;
possible deductions for the amortization of defense or war facili¬
or
deductions of financing expenses which will arise because of
proposed financing.
filed
have
road
authority
filed by Fort Scott prior lien and consolidated /
bondholders committee seeking a court order which would authorize the
applicable to the year 1942 have been computed at a 40% rate for
and surtaxes.
The estimates feu* 1942 are without adjustments
ties
the
of
for
petition
normal
for
whiskey
our
column, designed and put into operation by Schenley engineers.
"The packed column is constructed of. non-critical materials,
off $6,905,670 Kansas City, Memphis &
Birmingham bonds representing $3,323,390 general mortgage 4s and
$3,582,280 income 5s plus accrued interest at respective rates.
A
.
.
being
of
/
The estimated provision for Federal income tax for the periods
(2)
Fay Off Two
Bond Issues—
1940
due to certain deductions
claimed to be allowable for Federal income tax purposes arising out of
abandonment of street railway property, of which $21,797 is reflected
in the 12 months ended Aug. 31, 1941,
/
credit of $105,200,
non-recurring
a
Louis-San Francisco Ry.—Seeks
St.
669,797669,797
tax for calendar year
income
"Conversion,
$1,350,823
our
aging stocks of
reserve
—-V
ISfi
'
whiskeys'produced during the last,,.
IrtSOr.
.r»
nine years."—V. 156, p.
1059.
'
retirement
Federal
Fed.
;
_.4._;.-//^J—
-
1,159,038
18,363.801
28,931,892
36,636,263
1,130,222
13,653.730
13,402,374
831,961
August,
1942,
,,
1,614.061
Federal
income
of 45% to- provide for possible
under the Revenue Act of 1941.
imposed
Net
19,332,576
2,744,283
'
.15,278,162
taxes
additional
Federal
were
taxes
23,233,889
accrued
above
provide for additional taxes above those imposed under the Revenue
of 1940.
;
,'/•. : '1
'
Acts
Federal income and
(2)
excess
profits taxes for the
12 months ended
31... 1942, include adjustments made in September, 1941, applic¬
prior months, to set up accruals for these taxes in accordance
able to
with the Revenue Act of
from
Net
ry.
1941, and the accrual of Federal income taxes
eight months ended Aug. 31, 1942, at'the rate of 45% to
possible additional taxes above those imposed under the
Revenue Act of 1941/ Federal income taxes for the 12 months ended
for
income.^™
Maint,
of .way
Maint.
of
&
struc.
Other
Net
above
those
the
at
of
30%
under
the
rate
imposed
Second Revenue Act of
and
subsidiary
tqxes
in
Aug. 31,
to
provide for Federal
Revenue
Acts
of
1940, Public. Service Corporation
companies
were
not
subject
to
income
1940.
13,222.716
7,458,806
1,921,163
income'.
Total
avail,
i
charges
-V.
RCA
built
laboratories
by
this
1059.
'
.
■■'!
ended
Gross
corporatijon.
at Princeton,
it
from
ry.
*
<
1'
Y •/■
*;
'.
1~
*;
> t\
■
4
I
,.|vl
I
'
.
' / *
-
<;
;
T
Net
16,819
185,390
$1,333,057 $14,131,372
3,907 /
122/765
$7,818,965
_
L,.
/ ;
't )'
i' :*
62,570
.....
,
$1,329,150 $14,008,608
'■
...
.
'•
;
' ■
...
$7,756,395
v-:
Net
from
-Earnings—
1941
1940
1939
$124,725.
$109,302
86,982
10,081
17,257
income..—
119,400
53,814
*19,270
*14,312
Net
1,966.348
1,236,029
909,094
1,105,206
822,630
376,688
109,261
248.153
ry.
income—-
526,170
97,234
*151,344
*30,648
oper.
Y
1:
*Loss.-r-V.
156, p. 869:
ry:
,
-
/
/////■
'
1942
%,•/"//.
1939
1941
1940
$4,956,144:
$3,361,926;
;.
1,154,221
808,551
$3, .028.01.0
147,189
233,204
'*31,846
7
*66,899 '
*L0SS.—V.
•67,507,291
41,492.630
31,510.954
28 897,991 ;
26,202,151
10,654,239 ' 5,391,279
4 ,757,421 .:
-19,384;071^''6,845,216 **<-2,130,853
1 ,596,631 •
1059.', *"" •;•*'. "
..
/
income-/-
oper.
156, p.
.
Sears, Roebuck & Co.
-
—
Special Offering
-—
Goldman,/
Sachs &. Co.. effected on the New York Stock Exchange,
Sept. 25 the largest special offering of stock which has
far been undertaken under the special
so
offering rules
Exchange. The offering was of 22,000 shares of/
capital stock of company (no par value) at $54.y4 per,'
share (with 85 cents commission) for an
aggregate offer-7
ing price of $1,193/500.
The offering was announced '
shortly after 11 o'clock and was closed 15 minutes later v
when
—
railway—,—
railway/-
/
of the
$197,553
Gross* from
•
'
8,633^575 %
157,312
oper.
from
2,556,505 :
$307,747
railway——/
'
1059.
../..:
.
common
From Jan. 1-—
Gross
127 ,126
'From Jan. 1—
forces.in
p.
,.
/
Ry.—Earningss—
Grogs from railway/-/-" $10,024/401
Nqt from railway--/4,654,670
Net ry. oper: "income-//
* 2;898,807
3,208 ,309
railway—
from
Net
research,
156,.
•;
437..-.
154,, p.
..
14,004 ,246
1942
August—
dedicated on Sept. 27 to serve the country and its fighting
war, and to help build a stronger nation through scientific
announced.—V.
$2,687,814
-
-
the
payable Oct. 10 to holders of record Sept. 30.. A similar
made on Dec.'15/last,; as compared with 37V-i "cents
323,388
*
-profits
excess
were
was
—
on
was
1940.—V.
28,
1,316,238
St. Louis San Francisco & Texas Ry.
of New Jersey
Federal
1940.
No provision was made in the" eight months
1941, for Federal excess profits taxes.—V." 156,"p. 869.
new
4,035
—/
——
156/ p.
Net
;The
/
share has; been declared;
railway—1
Net from .railway-
the
Radio Corp. of America—New RCA Laboratories—
fc. J,,
income—
17,920 ,034
1,783,119
15,494
for ..fixed',
Dec.
50 cents per
August—
8 Mos.—1941
;
,.
of
1,102,902
13,680,289
income"///:——,1$2,691,84.9
Deducts/from
.Bal.'
/—_/___
distribution
on.
of System'
2,397,300
431,716,
2,676,355
income-^-
oper,
28,999,943 :
-
—
dividend
•A
•Seaboard Air Line
1942
Co.—50-Cen^Dividend—*
585,758 $
289,862 f
$8,148,912. $5,300,076 $53,815 ,610 $39,289,052
4,851,490
579,088
5,594 ,640
.740.404
7,638,268
988,117
9,601 662
1,424,493
expenses
ry;
Other
taxes
Under
expenses
..
4,364,935 %. 3,703,954
1942—Month—1941
equipment,/-
Transport,
1941,
taxes
income
'1*
29,303,927
.
oper....revenues,
■
'
Scliwitzer-Cummins
-
stock, par $1,
37,656,970
10,078,846
Earnings
Total
387,064
■/
///;.>' •/ ://
-Period End. Aug. 31-
-
include for the last four months of 1940 adjustments
additional Federal income taxes imposed under the Revenue Acts
1940, and for the first, eight months of 1941 accrual of Federal
31,
Aug.
<
railway.——
oper.
',
51,250,216
.16,394,698
railway—_
from
Gross
650,950
.
income.—
■/ .From Jan. 1—
:■//•/
the
provide
for
7railway—1—_
oper.
1939
1940
$3,771,800/ $3,855,490
..
Aug:
of
ry.
/
1342".
/
1941
^$7,749,514
$5,045,143
2,948,573
1,515,155
• 2,507,749 - 1,241,701
.
those
profits, taxes
excess
.
for
ffora
Net
at
were
computed, in accordance with;, the Revenue Act of 1941.
In
August, 1941, Federal income taxes were accrued at the rate of 30%
to
// August— •( V:<
Gkoss from railway-,--.
Net
_/!/—^/-__/
In
8,597;529
_•
-
1,560,483
1,990,999
.
deducts.—
Notes—lit
the" rate
648,179
•
-
6,638,531 .89,126J322: .781641;152
1,220,597
15,970,813
14,210,056
;
1,596.339
Other
&
Balance
;•
1,723,753
taxes
Balance
Inc.
taxes-/
prof, taxes.
excess
Other
7,805,722-
'expenses^.
income
orders
shares.
had
accumulated
Accordingly/it
for
more
than '25,000J
was necessary to make allotments -.
of the available shares against the orders received.
number
£
'
i
P'
of
The
purchases--167 through = 56 member firms—
i;-
.% t
<'.i
.■>
-
i
!>
/!
<'<*,v>
i?t
_
yblurrie 156
Was
making
'y. .156,:
Number 4113
965.
p.
•
.
•
lent« to
■"'>•/
;
//*'>;/v "V; >.'■■
•
21
for the
like month
dends
to
$84,041,
'
i
■
4,
T 1
' J "*■
"J, J -Ht
'
•
Cents
27
'
,
common Share-oiitstandlng.', The comparative- net
in 1941 totaled, $140,721, equal aftOr
preferred divi¬
a
.
cehts
*
15 cents
or
a
"For, July this,
share!
/
common
the "net
year
Southern
!;.
the
Correction—
$1.50 per share was paid on account of accumulations
cumulative first preferred stock, no par value, on Oct; 1
record Sept. 20.
A similar distribution was made on
$6
The
April 1» lasi, and -on April 1 and Oct, 1, last year.
Accruals on this
issued after' the Oct. 1, 1942, payment amounted to $34 per share.—
v,. 155, p. 1317. - 4
".Vrs >'::v yvv,/>;'> > V'.;
;; //
$1).
of
The
•
the
.
Shasta
//:,,!,
,,
~
Net':- profit*
'''Earnings per
—V. 155, P-. 194;
;
Operating
Operation
Net -'sales
$0.28
.
.$0.44
;
™™!™.—™.:
6,862,828
tive
Co.—Earnings—
1942—12
,1942—Month—1941
$235,598
$240,815
80,538
81,030
revenues
Mos.
$2, 435,972
960,147
inc.,
8,020
7,919
22,199
$591,927,
$738,388
51,828
:
31,672
24,176
——,—_
22,597
411,158
19,296
Profit before int.
.
21,625.
$1,099,808
$615,856
$757,684
$338,460
>;879
and
,263,990
Z $97,495
Utility oper. income!-:!/., $71,138
Other income (net)™™ ! .:!-'v.:'I>r80!'!!/ •< Dr58
Income ™™!™
$71,058*
$97,437
13,891
14,013
>
$815,888
tax
$449/237
inc.
13,792
25,783
151,018
152,646
96,200
22,300
o
152,169
*99,867
;
v
$362,941
315,000'
$496,674.
Other income
*
$57,045,
i'W.rt 8,125
income
;v
$83,546
"
Crl77,
.;
-
$653,074
$2.14.'
$1.73
$2.36
; V
Cr2,122
300
5,030
,
/ "
.$725,908
210,000
337,080
Cash in bank and
on
hand—!
'
Note—If during
Real estate,
Deferred
the 12 months ended Aug. 31, 1942, taxes had been
the provisions of the proposed 1942
1941
$1,218,149
™™
'
Act, as passed by the House July 20, 1942, with its provision
45% income and surtax rate and a 90% excess profits tax rate,
would
be
toy
less
approximately
$75,000.—V.
$1,075,609
plants, equipment, etc; (net)!
1,857,799
!
•"! 127,958
Accounts
156,
$5,780,174
'payable
Common stock
Earned
j
"
/
1941
.
' *
no
income
Net
!
.
,
762,827
2,765,654
i
39,334
1,094,907
•
.
2,631,417
l
.
.
y
$380,456
$522,615
!--!
$805,669/
$2,315,767
i 148,613
$4,117,030
,150,171
$5,498,153
1941
2,614,658
456,080
582,661
14,578 '*! 277,810
37,600
Net
profit from oper.
Total
income
Interest
fuhded debt
on
Other interest
Prov,
rv..
.
$4,051,039
41,417
.
,
—.
605
..
,
for doubt,
accts.,
v
-
*
394,050
:
Royalties
193,333
of
issue r,;;!!!!
bond
Prov. for Fed,, etc., taxes
Unrealized exch. loss_«
Net income
w!->!!w!-—!
per
101,120
.
sh.
on
com.
12,513*,878
$1,327,179
699,221
$4.52
;
49,119
.
62,054
,
/
;
/
*960,611
2,113
$1,035,041
/ 354,266
$3.46
:
,
16,371
•
38,013
V.
!' 216,264
$344,699
285,305
$0.90
$0.96
;
156,
648,727
Jon.
-
14,286
!■ $31,494
-
$491,468
14,286
171,438
$17,207
$41,068
$320,030
V
rates,
or
Gross
31—
/
Prov.
;
1,
foreign; exchange, $68,541; $6
shares), $949,593; common
"capital surplus, $583,250;
(accumulated since May 31, 1934), $2,983,229; total,
for
future
losses
on
cumulative preferred stock (12,949 no par
stock (276,237 no par shares), $3,541,191;
earned
surplus
$13,224,262.
-
"
■
-
■;
includes .'current assets and current liabilities
of the British subsidiary company in the net amount of $62,086.89 and
of the Canadian subsidiary company in the net amount of $398,911.75
<both converted at official exchange rates).
Assets of the foreign
subsidiaries other than curemt
assets are included in the amount
Of $25,464.97.—V. 155, p. 2014.
Note—Above statement
>
$461,519
158,546
$411,058
$5,263,026
1,998,048
50,842
46,987
'
37,797
a
598,386
Net from
458,224
450,932;
50,782
,
61,497
19,492
$81,385
deductions
203,115
$104,834
Gross
!Z
$62,744
$73,003
: $709,203
34,358
412,296
64,265
412,296
8 Mos. Ended Aug.
31—
1942
$741,418
•After taxes
$1.35
.
and charges.
-
1941
$1,260,361
$2,41
from
ry.
'
.
1941
Revenue
1939
$208,425
$2.95
$0.26
during the first eight months .of 1942 $215,601 more than at the 1941
$97,780 more than was provided in the period.—
871.
p.
,
After preferred dividends this is equiva-
/>'■!/'/!
■'/!,!.!:/.
•
'
1941
Net
Net
..
from
ry.
.:
Gross
from
from
railway,.
f
1940
income.
Net from
90,081
Net ry. oper.
*9,855
6,083,600
495,512
.4,742,794
305,159
171,587
1941
1940
4,923,482
3,057,132
427,810
income—
Earnings—
1941
1940
1939
$160,108
$139,390
133,972
90,177
27,430
13,182
$141,930
22,948
*7,281
*18,362
*10,911
1,604,056
;
1,179,760
157,918
*115,398
1,063,294
72,459
1,083,135
*178,910
*192,820
-
railway!—!
railway-!-^-j
435,086
131,187
83,870
1939
;
$9,022,384
2,561,590
1,590,106
$8,388,488
"2,586,525
1,772,449
67,173,018
62,649,975
19,090,OW
11,507,009
18,003,981
10,909,921
Corp.—Semi-Annual Report— !
-
Frank A. Ross/ Senior Vice-President^
makes it clear that because of the nature of corporation's operations
letter
a
to
stockholders,
"military restrictions make it impossible to publish information except
generalities and except in terms of the bare financial report which
times like these may be illusory."
The company's entire facilities
are devoted to war production;
^
Ross
drawn
stockholders against conclusions which might
financial statement.
He pointed out that., such
cautioned
from
a
unpredictable and uncertain factors as taxation, costs inherent in
adjusting factories to war production, accelerated deterioration of
equipment brought on by increased stress, "and many other extraordi¬
nary conditions peculiar to war cannot be properly evaluated until
peace and normality have been restored.
He told stockholders that the corporation to date has purchased
,
52,530,327
88,450,213
32,963,412
income
.™
23,944,991
20,754,799
156, p. 1157.
1,448,331
1,786,037
utility
1942
1
railway——
oper.
Stewart-Warner
In
be
.™
earnings !_
3,091,466
in
3,195,600
Week End.
1942
$
—V.
143,072
5,565,132
1,360,356
421,219
in
293,242
™
Period-
Gross
5,973,405
compared with
\ $283,149
income—
*Deficit.—V. 156, p. 789.
9,993
65,424
126,437,425
railway-
railway.
as
\
railway—
$590,528
8,786,607
.™,
8,183,271
1939
$752,792
$18,662,004 $12,266,304
.™
railway™!.
public
the
from
Mr.
August-
of
Net ry. oper.
Southern Ry.— -Earnings—;
Gross
265,169
From Jan. X— ■/,!
4,447,762
355,610
182,299
1942
income—
output
Gross, from
*60,181
from
5,727,843
3,963,217
railway-——
.
Staten Island Rapid Transit Ry.-
*58,035
August—
Gross
railway11,964,136
August—
.
$22,232
■
■;:.!"! 1942
railway
;
$1,126
Net from railway—v
*1,856
Net ry. oper. income—
>1,948
;From Jan. 1— :'/
■ ■ "t!v :
v:'
Gross from railway^—
3,206
Net from railway
*120,957
Net ry. oper. income.—
*123,355
•Deficit.—V. 156, p. 438.
.
1939
$811,482
^^j.;,;
164,870,000 kwh.,
Net from
Southern Pacific SS. Lines- -Earnings-
-
for the month of August, 1942, was $111,108 after all
including provision for Federal taxes estimated on the basis
proposed new tax law.
$241,147
$232,642
;;
1940
$921,679
299,999
153,167
Standard Gas & Electric Co. system for the
Act
The net profit
of-the
$27,797
$28,386
;
Revenue Act rates, or
156/
60,062
operating companies in the
week ended Sept. 26, 1942*
150,877,000 kwh. for th©
corresponding week last year, an increase of 9.3% .-r-V. 156, p. 1157. -
130,181
plus additional provisions aggregating $117,821
for possible increases,
The rates prescribed in the pending House bill
(45% income and surtax- and 90% excess profits tax) would;require
'V.
114,088
61,212
Standard Gas & Electric Co.—Weekly Output—
Note—During the eight months ended Aug. 3P, 1942, Federal income
profits taxes have been accrued at the rates prescribed in
the
/ 131,818
'
* 1941
$1,291,372
1,029,962,
• 617,106
782,773
417,507
income—
oper.
Electric
and excess
Gross" from
1940
$1,527,093
from
totaled
,
charges,
'
10,848
!_,
525,081
,
railway-!!^!
oper.
Net
$783,624
34,356
Divs.
Balance
530,924
—V. 156, p. 871.
386,248
op pfd. stock—™
!-Amort, of pfd. stk. exp.
i
'
28,618
-
"
'
1942
railway!!!^" $1,835,826
from
Net ry.
$1,034,874"; $1,169;872
325,672
income
u/:. 34,774.,.
;u
24,560
.
lv
$90,697
37,776
$85,690
•
Spokane Portland & Seattle Ry.—EarningsAugust—
Gross
31,831
Net
789.',!"
156, p.
From Jan. 1—
income
other
&
'
'
from railway—__
/Net from railwayuw!—Z
Net ry.. oper. income
1939
1940
/' 1941
1942
1
$93i363:
$182,493
"I 36,586
93,766
24,000
*
41,830 ■
From Jan. 1— ,;!;-■;!;!■;
Gross from railway
631,616
/ ,937,181
Net from railway
202,977
!.! *
417,329
Net ry. oper. income-!125,279
221,813
^August—
634,116
697,995
583,326.
<497,852
-
From Jan. 1—
(Including Wholly Owned Subsidiary/Lyman Timber Co.)
•/
...
'
1,866,159
49,975
taxes
Net ry. oper.
Soundview Pulp Co.—Earnings—
•Net income /
pending the adoption, of the 1.942 tax law.
$4,929,872
148,178
18,641
Net
Earns.pershr.on.com.
deferred
was
Net
$121,165;
reserve
15 and July 15, last„ as conrpared. with 75 cents per share :on
April 15, July 15 and Oct. 15, 1941.
A year-end* dividend
cents .was also paid on Dec. 20. 1941.
Action on the common
Gross
for Federal excess
profits
Int.
payable
(trade), $264,505; accounts payable
dividends payable, $159,099; 10-year serial deben¬
1942, $175,000; accrued Federal income and excess
profits taxes (deduct U, S. Treasury tax savings notes, face $101,200,
plus interest, $101,452), $2,186,670; accrued foreign income and excess
profits taxes, $31,531; accrued taxes and expenses (other), $526,631;
coupon book and inspection contract liability, $183,589; 10-year serial
debentures, $1,400,000;. reserve for redemption of Corona Typewriter
Co. preferred stock, $100; reserve for branch office fire insurance,
$50,168;
z'-'!'I t:>i
Sept/ 25 decided to defer action on the dividend
payable about Oct. 15 op the common stock of no par
Distributions of $l>ach were made on this issue on Jan. 15,
Spokane! International RR.- -Earnings-
: /
1942—12 Mos.—1941
,26,262
revenue
Prov. for general taxes.
Prov. for Fed. inc. taxes
Liabilities—Accounts
(other),
.::;v.
15,
—V.
1942—Month—1941
amortization
•
1942
Canada
tures, due Nov.
■,!;,
/';'Z;'"/!/'■
615.
p.
$252,881
.
$88,165 more than 'was iprovided in the period.—
Operating expenses _!..
Prov.
for
deprec.
and
Gross
on hand, $3,215,125; U. S. Treasury and
(market or redeemable value, $174,000), $175,013;.
war bonds, at cost, $6,295;
accounts and notes
receivable (trade) (less reserve for uncollectible, $149,850), $3,208,199;
accounts receivable, other
(less reserves), $301,519; inventories, $3,297,170; non-current receivables and investments accounts and notes,
$60,404; plant and equipment, at cost (less reserve for depreciation,
$3,524,337),; $1,653,517;- patents subject to amortization, $7,019; cash
deposited with trustees for redemption of Corona Typewriter Co. pre¬
ferred stock, $111;; prepaid expenses and deferred charges, $351,925;
goodwill, trade-marks and formulae, $947,965; total, $13,224,262. -
of
,3
The regular quarterly dividend of-75 cents per share was declared: on
the; preferred stock, payable Oct. 15 to holders of record Oct. S.-r-V. 156,
Southern Indiana Gas & Electric Co.—Earnings—
bonds, at cost
Dominion
124,531
directors pn
dividend
>424,319-171,438
Assets—Cash in banks and
war
49,812
Sheet, June 30, 1943
&
value.
April
650,334
"
June 30,
62,266
5,000,
$37,921
ordinarily
870.
p.
Period End. Aug.
;fexcess:.-prpfits'. taxes!.;v;;^'Z;!;'!.::;,;''
Balance Sheet,
$212,084
special
The
; 91,662
.
$1,140)195 ! $1,074,653
52,586
53,963
$26,781
Revenue Act
is
Consolidated
$84,079
426,749
;
during the: first eight months of 19f2 >182,755 more than «at the .1941
183,761
normal income tax and $314,020 for
profits tax, provision under law in effect at June 30,
included
$138,139 additional provision based
on
revenue bill adopted
by House of Representatives Aug. 1, 1941; and
$20,778 provision for foreign income and excess profits taxes; >$77,140
normal and excess prof its tax, and $6,622 for Canadian income taxes,
-tlncludes $1,568,796 excess profits tax, $615,766 normal income tax,
$297,785 additional provision based on revenue bill adopted by the
House of Representatives July 20, 1942, and $31,531 foreign income
and
v/! $95,031
deductions
190,262*
taxes have been accrued at the rates prescribed in
Act plus additional provisions aggregating $94;590
possible increases.
The rates prescribed in the pending House bill
(45% income and surtax and 90% excess profits tax) Would require
excess
There
1941,
^
and excess profits
the 1941 Revenue
24;294
•Includes $487,675 for Federal
Federal
77,400
$84,606
Note—During the eight months ended Aug. 31, 1942, Federal income
39,862
$326,357
66,367
for
.14,324
76,835
125,979
,
other
Balance
36,721
53,526
! 29,580
:
'•
51,800
'
19,431
:v/''Z/Zj!?:!;!
14,750
expenses
Miscellaneous
Dividends
V
40,039
36,992
"„r"."'■*
iOmits Common piyidend-^1"
54,688
.
8,531
.
NetincameDivs., on ;■ pfd; stpck_™^'
-
43,560
Amortiz.
-
.
,V
$80,643
50 cents commission.
537,374
of 25
$617;977
$2,240,014 . $728,210
.
47,420
;
49,438
6,626 -:^Z; 12,309
•
,
less recoveries.
Earns,
.
72,939
!'
stk.
cap.
$132,885
89,964
85,926
offering of 4,500 shares of common stock made by
Co., Sept. 25, was cancelled shortly after 3 P. m, when it
Shields & Co. immediately
communicated with, their accounts and arranged the cancellation * of
the whole transaction.
The stock was offered at 34% per share, with
:
$555,811
62,166
$655,252
$2,167,154
72,861
>3,966,859
84,180
and
86,826
learned that the dividend was deferred.
was
'2 ,108,715
,
45,893 •\i
26,045
Income
Gross
146,323
Int. &
Other income
$223,232';'.< $373,410
.
69,500
Shields
f-i
$4 ,399,787
188,044
238,691 !
41,652, :
54,830
$702434
150,418
and
profit!;!!.
The
1942—12 Mos.-
-
;
.Z".. profits .taxes-v^.™-"— '•
profit: from oper.:
depreciation
Deprec. & amortization
1939
Spicer Mfg. Co.—Special Offering Withdrawn—
Co.—Earnings—
1942—Month—1941
31—
Operating expenses - !i!'
Prov, for depreciation—
Prov! for general taxes
Prov. fpr Fed. inc: taxe$
1939
U—
before
;
1940
•
,153.;p;•''•
.Gross " revenue-
Net
1941
757; general reserve, $114^110; cappral stti-pluS, $77,040; total $2,847,679.
Prov. for Federal excess
,
"V
,
Assets—Permanent investment (less depreciation reserve, $2,288,259)/
$1,448,735; inventories, $295,362; bills receivable (secured), $82,681;
bills receivable, $37,988; accounts receivable Uess reserve for bad
debts, $12,000); $48,024; cash on deposit W/fth bankers; $865,532;
drafts in course of collection, $ll,97/4;\fher assets, $7,994; accounts
of new season, $45,992; treasury sto/k, (f)r)r-$3,396; total, $2,847,679.
: Liabilities—Capital" stock,
$1,250,000;
accounts"!payable,$24,087;
insurance reserve, $10,738; reserfo lor taxes,' $106,947; surplus; $1,264,-
39,488 '
96,000
.
1,094,967
765,733
par)
——
—
surplus
South Carolina Power
$18,947,801 $14,905,959 $11,173,073 $12,058,108
.9,265,324
7,179,907
5,411,603
6,159,098
Sell., gen. & admin; exps;
5,565,447
5,410,283
4,955,801
5,196,875
i!
expenses.—
¥.'l56!'p.'"348'r
.
1940
Fed.
taxes
129,629
*
51,077
490,000
44,490
Period End. Aug.
1942
reorganization "
State ;
Total
■
sales—!
1942 -
'A $'239,071
j
88,928
Res.' for
$124,314
"
■■'!'
t.
-
...
for
1,712,748
*•.
$353,373
214.880
■
(210,060 shares,
Capital surplus
(L; C.) Smith & Corona Typewriters Inc. (& Subs)—
Cost Of
;
End..June 30-~
-profit
Balance
Sundry reserves
of five cents per share
record Sept. 25.
This
compares with 7% cents per share paid on April 2 and July 2, last.
Payments during 1941 were as follows:
April 2. June 28 and Sept. 30,
-544f'GentS"Saehv'and';De6'i-'22j""1244t-"e®n'ts;~™V''.''l&l,'"P-;-3&77';'
Sales
and
$4,917,976
expenses
Provision for incentive plan for management—
Prov. for est. Fed. inc. and excess profits taxes
Simplex Paper Corp.—Smaller Dividend—
Consolidated Income Account for Years Ended June 30
will be used for the retirement of publicly-
company
:
;
Accrued
The corporation on Sept. 30 paid a dividend
on
the common stock, par $1, to holders of
,
the
Depreciation.J
119,845
charges, prepayments, etc.-
..'liabilities—
965.
Annual Report—
v
Gross
■
(net)
Totalr
Revenue
earnings
for
Dividends paid
accordance with
in
capital
Years
1942
832,074
1,069,989
seed, advances, etc. (net)
w
14,649 ;.
22,628
^Inventories'..!—^!1.491,630 ;
1,155,072
210,000
362,270
computed
■
^
Southland Cotton Oil Co.—Earnings^-
'
.»'•
Assets—
10,312
// $552,672
.
;Av;
;.T;
.
!■// Consolidated Balance Sheet, March 31
;!!!>.;;/
2,170
.$75,298
$48,867
on
common
155, p. 2287,
V,
necessary.
,
92,484
•
preferred stock
!!„„——_
Dividends declared on common stock—.
Net: income
Divs. declared
net
.
also has agreed to purchase any unsubscribed
stock offered to present stockholders of the con-
companies..
working
$0.65
*No provision for Federal excess 'profits tax considered
tIncludes Federal excess profits taxes'of $271,000.
'
$830,874
97,494 !
Crl77
230
charges.
.
8,125'.'
::
-
.
of
Union Production Co. loan
Due from farmers for
p.
!
,
held bonds and long-term- debt of the constituent companies, to supply
Accounts and trade acceptances receivable
the
;
proceeds to be received by the survivor company from the sale
of its bonds in the face amount of $3,650,000 and from the. sale of
common stock for cash and $250,000 of the proceeds from the Southern
$137,731
.
■1
"The
105,000
.
for a
^
outstanding
firm
banking
stituent
*
—
165,880. >/: 158,048
I
,
$988,922
v
>486,815
Net profit for period
Dividends' paid
Earnings: per share on
capital stock
3,479
$818,955
'
Fed.
for
The
shares
■
/ 157,137
JDdpreeiation
$985,443
3,067
.
;
218,684
274,391
r
!
::
io fhe securities to be, issued in exchange for
surviyor; corporation at a price equal to not less than .103%% ydius
accrued Interest, in such a manner that there will not be involved
any
public offering of the bonds requiring their registration under the
Securities Act of 1933. :As compensation for their services in
fiiiding a
purchaser the banking firm Is to be paid a commission of ^ of' 1%
of the. aggregate principal amount of the bonds.
:
$316,836
23,930
,
meygef provides/
The registration statement revealed that E. H. Rollins &
Sons,' Inc.,"
have advised the company that it has
agreed to sell the bonds for the
!>/'!T.!!^i
/V;!!!>!^,'/
$1,077,609
Prov.
'Gross
637,187
6,619
;
/!• depreciation'
-r!'i
taxes
Gross
&
depr.
109,733
'
■;
of
securities of the constituent corporations Involved in the
merger> plan,
the company will issue and sell for cash
$3,650,000 of first mortgage
858,122
118,574
int.
,
•
•
■..share;■■
other
Other income (net) _.,!:!
1941
$2,580,158
51,077
\
!
5,136,537
!
(par
among other things, that the
corporations shall offer approximately 240,584 shared of " its
stock (par $1) fof subscription by holders of the
mJfebently
outstanding common stock of Southern Union Gas Co,, Nety Mexico
Gas Co., and New Mexico Eastern
Gas Co. at the price of Sl'So; per
In addition
686,044
stock
.
taxes
;■
;
before
Co.
agreement
sinking fund bonds, 33/4y<> series, due Oct. l, 1942.
763,867 ;V
,
proposed .merger
a
common
registrant: will be changed in consummation
plan from Texas Southwestern Gas Co. to Southern
common
$6,090,560
$6,358,020
4,933,588
5,182,686
998,376
plan
Profit
$6,538,480
'
Southern Union Gas
survivor
1940
,.1941
$8,989,891
Cost of sales before depr.
Sell'g, advertis'g, admin.
and general exps.™-,.
Payments under incen¬
'
$265,376
11,263
$258,844
—
!!z!*..!.!!!^-:>!
Maintenancev//!_!!!!:;',
Fed. inc. ,& exe. .profits
Other
—ww,
"1941
•
--
Period End. Aug. 311
1942
6,812
Sierra Pacific Fewer
1942
'
/..//p.,;; >
Sales'"
'
Years Ended March 311—.
Water;; Co.—Earnings-
.Years Ended .June 30-?-
4' ■
2
(& Subs.)^-Earnings—
Gas
.The
earnings
Snider Packing Corp.
l|EC In
with
the
of
name
merger
Union
of this company appearing in the "Chronicle" of
Sept. 28 are for the seven months ended July 31, and not six months
as stated..
See ■ V.• 156, p. 1157.
'!
-!;
'.;; ■';'
:
Filed
(the latter to be the surviving corporation in
plan) 240,584 shares of Southern Union Gas Co.
:*'Wr;.vV'': '"v
\
Co.—Stock
Co.
'
A dividend of
Gas
ThC^Texas, Southwestern Gas Co. has filed for
,
production^ was
'
to. holders. of
Union
Proposed Merger of Southwest Utilities—
was
17,040 tonVand sales 16,141 tons.
In August,
1941, production was 16,238 tons .and sales 15,170 tons, and in July,
1942, production was 12,249 tons and sales 12,600 tons.
: '
'"•■■■'■/i!
Accumulated Dividend Disbursed—
on
,
4245
,
share.
common
a
,
Security Investment Trust,; Inc., Denver, Colo.—$1.50
^
'•
THE COMMERCIAL & FINANCIAL CHRONICLE
August
.
*•
■
(
,/,
largest for; any offering since this system of
offerings was inaugurated last February.—
the
•
v'!
,
™
5,593,590
Sept. 21
;
Jan. 1 to Sept. 21
1941
1942
$
^
.
;
1941
^
3,873,738 186,952,413 128,343,017
anticipating the payment
approximately two-hirds of the prospective liability for current
U. S. Treasury tax
of
income
notes totaling $4,100,000,
taxes.
Mr,. Ross summarized
this statement: ;
.
Stewart-Warner's position in the war program
with
"The
important task of the company is to see
.
that its facilities and
possible
personnel are built up to the point of making the greatest
contribution to the war effort. It is evident that sacrifices
will-be
s.v.i
iVvr^W!iMW.Tt|v^<wit¥}.?<rWt» rtafcw* f
THE COMMERCIAL & FINANCIAL CHRONICLE
1246
certainty
modest
these sacrifices is the degree of
finds in financial matters, it is a
in present times."
this
to
necessary
end.
enough one
Consolidated
If
Income
one
Ended
Months
Six
Account,
June
The
of
30
1941
1940
1939
oper.
$9,541,329
2,092,030
$5,239,949
2,334,170
$2,859,444
1,901,491
$2,387,006
2,037,432
$7,449,299
$2,905,779
$957,953
$349,574
Dr22,900
Drl8,507
Dr79,392
1942
Gross
profit
Profit
Other
from
from
oper.—
income
_
no
On
Sell., adm. & gen. exp..
tax
before
for
Res.
Net
contingencies-
*
Lia
$939,446
262,201
69,921
$767,125
$0.60
share.—_
per
.
;
•
...
Net
in
$3,826,990
1942
$200,261
$0.16
from
Net
banks
U.
&
Canudian
S.
&
Accounts
and
hand——
on
ry.
Supplies,
received
fund
:
under
—_
—
buildings
and
equipment at cost, less reserve..
in
used
not
goodwill, etc.
Patents, licenses,
—
—
654,794
400,000
operations
and
Plant
880,507
,1
Reserve
Reserve
for
Accrued
Net
—
Reserve
for
product
Reserve
for
possible loss on repossessions..
guarantee
ry.
15,406
49,097
New
t27,519 shares in 1941 and 27,555 shares in 1942.—V. 156, p.
"Federal
Other
$1,146,880
717,290
Net
$3,742,699
946,577
446,001
1,404,571
37,475,229
12,652,853
12,649,382
7,782,079
of
like
7%
price of
10,453
&
to
non-cumulative
of
Net oper.
Other
Uncoil,
151,
revenues
Nevada
($100
430,161
185,736
which
offer
6,305,492
2,147,099
658,785
743,031
is
available
Int.
551
8,035
4,920
$356,589
$384,249
$3,634,140
$4,222,763
1,128
709
21,330
19,679
int.
,'jL
$357,717
$384,958
$3,655,470
$4,242,442
170,417
170,417
2,045,000
2,045,000
10,000
10,000
120,000
120,000
deducts.
and
chgd.
to
7,163
7,726
114,896
91,522
Cr5,344
Cr5,344
construct.
..Net-income
$1 ,$85,920
applicable to preferred stocks—865,050 '
865,050
126,998
Dividends
44,462
™r-———•
Balance
$158,608
336
Drl,353
Drl,107
$13,450
$157,255
$190,403
454
3,633
5,450
7,049
96,817
84,220
17,323
114
$74,128
$100,847
35,000
-—$ 175,481
$ 196,-&15- - $1,380,918
-
$$515,868
.2—
.
$1,120,870
Federal taxes of $40,582 for the current
month and $151,521 for the 12 months ended Aug. 31, 1942, additional
to the amounts required under the Revenue Act ol 1941.—V. 156, p. 790.
$191,510
$13,114
provisions
for
35,000
9,274
2,034
and
Third Avenue Transit
Dividends
$5,947
$13,178
applicable to preferred stocks
-^--"Includes
month
to
provisions
and
for
Federal, taxes, of
expenses
the amounts
H.
tons,
the
$1,975
$65,847
'
oper.
$747,177
$217,948
$348,897
revenues...
12,773
12,575
—
475,834
430,829
3,185,241
176,980
154,414
367,665
308,672
$171,917
18,078
$63,535
18,402
$379,512
36,163
"$187,805
36,733
Taxes
the
2.918,582
——
59,578
55,447
453,529
385,990
$92,073
$106,591
$640,282
36,736
33,864
244.796
President,
of
the
largest
11
in
previous
the
total
to
25
cents
••
402.
:
of
of
Normally
June
would
we
reach
to
has
considerably
in
expect
"Deficit.—V.
Other
Other
$5,609,625
232,193
output
the
of May
even
resumption
of
199,892
2,669,457
2,144,448
312,334
269,607
Gross
Retire,
Net
1,169,710
782,395
529,901
472,970
—V. 156, p. 872.
income-
$134,576
$145,056
$1,705,463
236
373
1,797
$1,940,206
3,636
$134,811
$145,429
$1,707,260
$1,943,843
*
—
accruals
35,833
35,833
.
$1,277,260
8,140
$98,261
Dividends declared
on
on
common
$108,912
156,
$1,269,120
Other
.
Bond
70,000
1,141,704
Other
Net
Tennessee Central Ry.—Earnings—
August—
1942
and
Gross from
Net
Net
ry.
$321,071
67,981
75,929
42,641
income.—
33,378
45,210
19,546
yond present levels.
ample
Net
ry.
—V.
2,587,204
606,452
563,280
406,565
22,264
38,122
108,434
charges
profit
income
income
295,746
300,973
185,926
88,277
profit
Comparative Balance Sheet May 31
1942
1,722,589
1,510,504
Cash
—:
....
receivable
Accounts
Inventories
Co.—Earnings
Operating
revenues
$978,013
Operating
expenses
380,690
•Federal
Other
taxes
taxes
Property
$919,942 $10,707,869
341,186
4,341,757
Fixed
charges
3,601,832
117,788
1,944,241
83,384
812,734
720,878
83,333
83,333
1,000,000
1,000,000
$241,907
$294,251
$2,609,137
$2,886,896
347
1,207
19,885
Total
20,638
.1
other
than
coal
lack of
materials,
oper.
revenues...
income
(net).—.
Gross income
Other
on
-
develops,
it
other
Accrued
interest
Long
term
taxes
and
22,465
—
$3,095,695
$2,804,078
is
—
r
_—
$242,254
$295,45&
Class
A
stock—
140,542
$2,629,022
1,686,500
$2,907,534
140,542
1,686,500
Class
B
stock
reduced
Feb.
of
labor,
mine
3,614
2,838
56,062
33,934
Class
—
C
Stock—.
Surplus
Net
income
—
—_
$98,098
Dividends applicable to preferred
$152,078
stock—..
.
$886,460
1944.
The company
375,678
Total
——
—V, 145,
Balance
"Includes
month
to
and
—^
provisions
——$510,782
for
Federal
taxes
of
$42,912
$255,789 for the 12 months ended Aug; 31,
for
Consolidated
now
sales
——
Three
current
1942, additional
p.
871.
All
•
"
of
Rivers
the
5M>%
first
inc.
before
3,631,976
$5,953,895
$5,525,871
1,278,831
1,062,716
675,708
693,395
750,094
$603,123
■
$5,179,904
de¬
2,116,762
depletion—.
and
716,445
Profit
from coal
other
'.
883,173
'
oper.
Fed.
State
&
inc.
47,574
charges
adjust,
of
;
507,500
taxes
$369,321
$133,079
50.348
51.102
48,627
120,000
$1,400,317
income—^
Interest" charges——.—.
56,654
10,165
(net)—
tax
prov.-
applic. to prior years,
other
avail,
for
83,258
items—
dlvs.—
paid
on
24,762
t20,325
110,213
110,213
surplus
$489,843
$302,237
30,732
36.335
330,638
$29,759
com.
to
added
Bal.
$74,287
$176,307
"$432,775
"$845,243
stk.
require, on pfd. stk.
.„
■
—
.
$43,555
"Equivalent to $1.86 in 1942 and 92 cents in 1941 per common
tDoes not include June 15, 1940, quarterly payment which was
in previous year's accounts.
up
V
•
■
>
*
share.
taken
1
:
Consolidated Balance Sheet, April 80,
,
1942
.
«
$27,000; receivables,
Assets—Cash, $381,611; U. S. Government bonds,
investments and advances,
(less reserve for depletion and
depreciation, $8,047,511), $5,861,132; prepaid expenses and deferred
charges, $386,249; goodwill, trade names, etc., $1; total, $9,304,835,
(at cost), $717,225;
inventories
$1,189,338;
coal properties and equipment
$224,487; accrued expenses, $504,434;
convertible series preferred stock
convertible series preferred stock ($100 par),
$430,900; common stock (441,278 no par shares), $3,846,944; capital
surplus, il,338,088; earned surplus (surplus is restricted under pre¬
ferred stock provisions to the extent of $350,000 with respect to pay¬
ment of dividends on common stock), $2,085,342; 427 shares qf com¬
mon
treasury stock (at cost), $3,907; 520 shares of 5%% preferred
treasury stock (at cost), $41,060; total. $9,304,835.—V. 156, p. 791.
payable,
Liabilities—Accounts
non-current
liabilities,
$866,607; 6%
($100 par), $53,000; 5%%
Twin State Gas &
Electric Co.- Earnings—
Period End Aug. 31—
revenues
Operation
.=
.....
;
power
for
Prov.
State &
Social
depreciation.
municipal taxes
secur.
and
1942—Month—1941
$231,845
$230,670
52,284
; 48,599
84,840
82,054
11,030
8,137
22,633
25,859
15,474
16,139
1942—12 Mos.—1941
$2,829,822
$2,676,132
621,961
591,791
946,474
791,666
89,244
96,157
328.988
300,951
190,800
193,807
taxes, Fed.
1,364.
15,797
17,636
68.263
63,908
123,785
111,208
$31,651
Dr 194
$35,110
$444,510
$509,008
632
Dr 522
2,891
$31,457
$35,742
$443,988
$511,899
11,161
133,936
133,936
8,000
8,156
95,903
88,549
2,717
2,774
63,466
33,142
$9,579
—
1,688
5,438
7,646
11,161
State
$13,651
$150,683
$256,272
14,320
6,469
14.320
6,469
171,850
77,625
5,469
Federal
taxes
income
tax—..
7,100
Net
income
operating
Non-operating
Gross
income.
income
—
Pfd.
18,872
49,079
18,872
1,625,986
$3,095,695
$2,804,078,
sinking fund
bonds, series A, dated March 1', 1936, have been called for redemption
/
1939
3,622,606
4,744,480
for
38,496
4,990
598,800
21,234
257,650
15-year
April 30
1940
$8,985,457
and deplet.
deprecia¬
preciation
Provision
37,160
3,170
380,100
22,493
Co., Ltcfc—Called—
mortgage
Ended
1941
from coal oper. &
other
Net
*5%
(net)...
income
div.
7%
requirements,
prior lien—
preferred
"Dividends
on
;
cumulative
5%
preferred
England Public Service Co., are in
stock,
arrears since
all
owned
171,850
77,625
by
New
March 31, 1937, and
amou%t to $420,468.75.
Note—The estimated provision for Federal income
tax for the periods
applicable to the year 1942 have been computed at a 40% rate for
normal and surtaxes.
The estimates for 1942 are without adjustments
for
Gi^ain & Elevator
outstanding
until
reduced
has been
3,694,084
tons
coal
of
interest
2408.
p.
ha.s no short-term bank obli¬
Years
Account,
Income
deductions
$811,422
the
tire, amounts .required under the Revenue: Act. of 1941.—V.. 156,
—
.
prob¬
$850,000.
to
Other
1,944,336
—
or
bank indebtedness
long-term
Total
Other
$1,187,100
375,678
—
—
that
V-"' •>
the
by $650,000.
15,
178,097
48,579
probable
gations outstanding and has no long-term maturities comwg due
$10,874
231,650
——
all
at
the war effort or advisable.
more
During the year the company's currenTand long-term bank' debt was
$19,607
:—-.
expanding capacity be¬
appear
prbb-
389,728
payroll—.
payable
indebtedness
month-long
44,359
1,889,550
—
a
diffi¬
withdrawals
stated.
Truax
adequacy of
Federal
43,485
—-
_.
taxes
of
opera¬
transportation
The
Bond interest
payable
income
mtge. bonds.
interest
1941
$205,535
192,378
445,189
4,602
1,926,890
Reserves
Interest
$159,220
198,099
648,393
5,823
10,000
following
when
coal supply/during the coming year will
ably turn upon the nation's ability to solve its transportation
lems, Mr. Truax stated.
/
" ' '
heavy
culties," Mr.
Maintenance
Liabilities-
Accrued
Accrued
Net
Other
$269,929
—
-
Accounts
reserve
appropriations
30,659
,
103,785
——
...
(net)
1,167,913
72,784
—,—
,—
assets
$9,377,519
199,299
_
—
retire,
Deferred
—
Investments
1942—12 Mos.—1941
,
——
insurance.—
Government bonds
S.
—
for discount
less reserve
—
life
value
U.
1942—Month—1941
147,438
$269,518
——
—
Cash
Texas Electric Service
$448,026
347,317
42,410
tax..,———-
tax—___..————.
and
likely to be'for reasons
productive capacity, such as a shortage of operating
shortage of
a
Purchased
156, p. 790.
Period Ended Aug. 31—
16,117
'
-
101,484
14,747
$659,246
—
__—
....
May
fraction
time, because of the coal industry's
At the present
capacity, it does not now
such expansion will be either required by
Operating
Net
314,449
income—.
oper.
1,942,382
67,891
$602,379
$200,267
$210,792
railway—
railway—
from
$534,488
.—
Assets—
from
Net
1,755,448
$806,061
etc.———
charges,
—
state
From Jan. 1—
Gross
1941
$2,289,935
2,134,113
—
so
-largely
thus approaching capacity,
purposes,
existing
$742,280;
depreciation——.—._
for
15,667
oper.
■
14,685
interest
Federal
45,594
$257,345
'
———_——$791,376
before interest
Accrued
1939
railway
railway—
from
depreciation——.
of
a
last year,
June,
the question naturally arises of the possibility of
435,505
185,871
1942
$2,925,489
-
———
Accrued
=
1940
1941
* '
•;
1,392,941
Co.—Earnings—
U
—
before
income
Reserved
1158.
p.
1,529,737
486,712
211,874
31—
«...
sales
of
Profit
$1,503,019
70,000
1,046,074
_
stock—.
-.
Operating profit
10,824
preferred stock
Dividends declared
sales
Cost
$1,513,843
684
/
438,842
income
oper.
Years Ended May
Net
'
717
ry.
Tomahawk Kraft Paper
430,000
430,000
$109,596
$98,978
deducts.—int._.
income
—V.
668,058
85,349
;
1,826,230
746,600
260,036
1,814,415
42,175
from
Net
Gross income
Income
railway—
railway——
45,271
income
res.
from
—_
;
38,990
1939
$196,646
82,360
38,747
From Jan. 1—
ex¬
;
$193,400
73,487
coal'
been
months
only
previous
for
have
representing
production
With production, for all practical
Bal.
•-
the
the
national strike.
Dlvs.
1940
in
for
demand
trends
part:
"$226,668
,
1941
$263,158
128,309
20,859
162,352
Net
income—net
$224,538
451,207
RR.—Earnings-
income.._
railway..
oper.
21,730
and
$4,291
r
.M
railway——
from
ry.
$6,386,865
29,432
oper.
Gross
Net
Net
$494,201
V 116,363
income
Utility
'
*
1942
$349,637
195,933
from
Gross
1942—12 Mos.—1941
1942—Month—1941
I
taxes
790.
p.
August—
$557,835
revenues
profits taxes
cess
156,
$
"$155,278
"$13,040
Toledo Peoria & Western
Maintenance
Federal
fo——.
income
Net
■
Period End. Aug. 31—•
Operation
237,214
203,035
the
in
gain of 30%
in the same
a
Sales
tons.
$5,953,895
seasonal
point
and
company,
from
states,
totaled 4,744,480
year
This year, however, operations in these months were
excess
reflected
the
last
stimulated
our
low
seasonal
a
peak production.
and
Tampa Electric Co.—Earnings—
Operating
'$415,675
411,385
$81,937
.
on
This
5.
214,957
>
stockholders,
3,631,976
that
previously existing
minimized, Mr. Truax said.
Div.
,
,
$189,995 >
———
Deductions
share
cents paid on April 21, last.
Payments during 1941
25 cents each on Jan. 15, April 15, July 15 and Oct. 15,—V. 156,
were
income
Gross
per
$721,999
V
Report—
to
mines
$8,985,457
effort
.
letter
a
history
year's
increased
in
Truax-Traer
greatly
and
with 35
compares
p.
of
dividend
a
$4,039,146
$4,291,825
$496,477
th.fr- current
for
Aug. 31,
payable Oct. 2Q to holders of record Oct.
stock,
common
declared
have
1942—7 Mos.—1941
1,460
Truax,
the
over
tion
Symington-Gould Corp.—25-Cent Dividend—
directors
on
1.
.
f v $594,327
Production
Special
The
stockholders
.;
1,288
income-
oper.
Profit
1942—2 Mos.—1941
$2,866,587
$2,422,044
2,119,409
1,925,566
986,199
1,038,569
1942. Additional ""Operating income —I"
required under the Revenue Act of 1941.—V. 156, p. 871. i- Non-operating income..
$11,252 for the 12 months ended
ail
' V
1942—Month—1941
Truax-Traer Coal Co.—Annual
Net
Ended Aug. 31
1942—Month—1941
$1,387,467
$1,204,148
revenues
Operating
Net
$39,128
Balance
stock.
than
more
$628,773
Product, of coal in
System—Earnings-
and Bus Operations, Period
Railway
Period End. Aug. 31—
Operating
income
Net
,
and
The
75Yo
156, p. 702.
If
bonds
deb.
Other
1,152,022
480
bonds.
mtge.
42,646
deducts.
int.
or
to
;
income
—V.
tions
100,000 > 1,200,000
100,000
(net)
on
126,558
chgd. to const., Cr_
Other
Int.
shares,
3411.
p.
year, a gain of 51%.
The
national war
62,883
66,409
revenues^—.
income
3,541
$20,418
*
common
—;
Operating taxes
of limited-
on
11,070
.
par)
preferred
par)
7,819
owns
($100
revenues—
oper.
Operating expenses
27,533,352
$1,080,389 $12,350,313 $11,708,452
4,681,411
416,302
5,382,830
988,551
1,382,277
116,475
$1,139,446
——
income
52,808
$20,430
bonds
offering-to
provided 90'/<?
784,248
1942—12 Mos.—1941
1942—Month—1941
investments.——
term
101,778
Dr 12
mtge.
on
letter
a
share,
a
outstanding.
the
accept
Operating
284,909
Light Co.—Earnings-
-L:'
Amortization
11,667
income—______
Gross
$29
shares
1942
Interest
of
receipt
in
are
net
:
stock
terms.—V.
comparison
retire, reserve
appropriations
5,418
_
at a
$3,475,585
29,013,662
6,624,409
2,203,383
2,178,349
27,361,195
taxes
3,543
_
1939
1940
1941
$5,523,503
expenses
reserve
revenues
oper.
income
Johns,
letter states that Tonopah
Mining Co. and other stockholders
holdings constitute at least 90V. of the outstanding stock have
agreed
Net
Date
.
"Includes
Other
To
704,449
:.
retire,
Halifax,
in St.
Tri-State Telephone & Telegraph Co.—Earnings
Property
$1,120,227
58,185
and Year
60,529,230
revenues—
13,434
taxes
company
outstanding
common
whose
A.
income—
790.
p.
"Federal'taxes
-1941
1942—12 Mos.-
August
2,156,954
railway
Interest
$91,328
appropriations
the
Period End. July 31—;
permitting
4,610,261
Operating
interest.
162
43,957
taxes
Property
certificate
a
$9,153,712
income
Operating
Other
$93,031
Operating revenues
the
Net
For
railway-
oper.
156,
Gross
.Operating., .expenses.^^^.
has
shares
62
The
1942
Interest
1942—Month—1941
issued
19
Period Ended Aug. 31—
Superior Water, Light & Power Co.—Earnings—
Period Ended Aug. 31—
Nevada,
of
RR.—Abandonment—
Orleans
Sept.
Texas Power
$4,105,320 for U. S. Treasury tax notes and
"After deducting
221,654
railway—
from
ry.
$30,212,823 $24,472,737
——.
322,373
income—
156, p. 871.
oper.
Net
—
——..
—
—
made-at
will
offered.
are
Tonopah Mining Co.
Counties, Tex.
from
Gross
6,502,910
5,526,951
4,398,791
Drl37,595
-———
Total
of
their holdings
shares
of
From Jan. 1—
t
702,661
209,362
————
750,000
—781,100
174,049
Liability for work, fund received under contract
400,000
Capital stock ($5 par)
6,502,910
Capital surplus Ji
6,244,447
Earned surplus
—;
5,415,801
ITreasury stock
Dr 137,775
Reserve
124,592
railway
from
Net
$2,169,749
4,327,951
;:
85,747
686,210
_—
capital losses
for
contingencies
626,048
87,661
on
from
Gross
362,832
6,872,831
1
$2,718,260
taxes, wages, royalties, etc. ——
*7,244,031
for possible loss on patent claims...—120,000
;
573,441
315,987
August-
—V.
payable
be
Toronto,
Payment
Montreal,
;
Liabilities—
Accounts
889,553
439,438
Earnings
$30,212,823 $24,472,737
—^
1,143,715
&
ICC
Net
Total
"10,225
railway—
oper.
and Fayette
r_
67,258
6,668,732
1
(contra)—
contract
Land
9,154
railway.—
of
——
482,258
——
receivables
Non-current
Work,
etc.
expenses,
50,953
29,286
7,410,149
1,107,764
.
_
"3,568
abandonment
by the company of a branch line of railroad known as the La Grange
branch,
extending
northwesterly
from a main
line connection,:, at
Glidden
to a connection
at La Grange with
the main line of the
Missouri-Kansas-Texas RR., approximately 24.43 miles, all in Colorado
6,639,045
8,925,294
less reserve.:
receivable,
prepaid
108,500
6,693,253
at cost—
bonds
Government
notes
Inventories
$55,844
17,933
Texas
The
1941
$1,652,578
$5,759,763
——
$84,785
58,935
—
interest.
Cities
"Deficit.—V.
Sheet, June 30
1942
in
$134,796
42,065
from
Net
and
Assets
Cash
$132,726
ry.
Gross
excess
Consolidated Balance
railway—_
oper. income.
From Jan. 1—
$840,914-in 1941 provision for
profits tax; $1,462,058 in 1942 and $430,000 in 1941 for ad¬
ditional Federal taxes, based on contemplated laws.
Note—The
total
provision for depreciation charged to operations
amounted to $1,223,265 in 1942, $586,368 in 1941, $502,403 in 1940, and
$476,976 in 1939.
Includes
from
Net
and
the
in
The.company, which operates 102 miles of line in the mining districts
1939
1940
1941
railway—....
from
Gross
,—-—
$677,245 '
$0.54
$770,272
$0.61
purchase
Ry.—Earnings—
1942
102%
at
Tonopah & Goldfield RR.—Offer Made to Purchase—
Stockholders
of
Texas Mexican
1942,
Montreal
Winnipeg, Calgary, or Vancouver, Canada, and
Newfoundland, at the holders' option.—V. 142. p. 1835.
.
sold to the Treasury Department.
recently
1,
of
John,
St.
issue, the first since April 21, 1941, when a like amount was disbursed.
The
corporation's
hotel property
in San
Francisco,
Calif., was
$270,182
*2,112,607
250,000
profit *.2
Earnings
$2,882,879
$7,449,299
*6,432,174
tax.
$40
Nov.
Bank
the
of
dividend
liquidating
voting
the
on
August—
Net, profit
Pro,v.,.for Fed. inc.
initial
an
trust certificates representing common stock
par value, payable Oct. 14 to holders of record Oct. 2.
'
- '
July 1, last,, a distribution of $1 per share was paid on this
share
per
declared
have
directors
of
as
(William) Taylor Corp.—Liquidating Dividend—
of
one
which
security
or
Monday, October 5^ 1942
ties
possible deductions for the amortization of defense or war facili¬
or
adjustments which may arise in connection with the proposed
Federal income taxes for the
in 1941 covered, by this .statement have been, adjusted ,to, in-
disposition of the assets of the company.
periods
■i'
194j,i which ■was,- retroactive, to/the beginning of that, year;
'
tax
\The ^corporation announced oh Sept;- 28. the Omission,of the quarterly/:
due Oct;. l on. the 7%. prior lien preferred'1/
par/$100, interrupting an unbroken; dividend record oh this T
issue extending oyer 23 years.
The last regular quarterly distribution
V op .the',7,%: stock was made on July 1, 1942,
.
/:, •„
According to a letter Sent t6 stockholders by Albert A.- Cree, :Presi- ;•
dent,' the action was necessitated by declining earnings due to higher
'"r'
-j/■■ Assets—; ■ o..•.
stock,
.
"
,
land have
$174,585
accSount
Trade
receivable
receivables
Other
(net)
„!
991,462
to cover the prior lien dividend requirements. - It amounted
against annual dividend requirements of $171,850.
/
Meanwhile-1 the. management is- pushing steps to liquidate the com- pahy ; by the sale of certain properties to; an affiliate and the merger
of others with another affiliate, he stated,':
/'/:///■:'/!'-:*/v'"'/' •■'■/•V>The realization of this" progress, according to Mr. Cree, "is expected
sufficient
Exhausted
decided should be omitted at this time."
Union
,
on
'
/.,x-
;•
,
J /'
,
;
• .
"
joint,
&
6,023,328
68,079,480
2,064,479
36,312,207
2,949,941'
25,481,957
1,041,926
9,143,083
6,684,134
1,168,028-
3,991,867
■■
130.411
6,826
2,825,574
5,516,106
Tube
$10,255,963
$9,976,889
_/
—
(23,485
in
taxes
$5,500,000 ':
follows..-
as
subscription,
$12,605
($11,743
in
$3,639,242
decision
Commission's
after
announced
was
Utah
.
May 31—
Years Ended
Gross : sugar
1941
1942
.
./—/_—
—
2,230,968
198,076
Net
profit
Other
$642,141
143.932
on sugar—
(net)-—.
revenue
198,797
Total
earnings
.
takes: ^/.—v/■■'''
* Corporate
.
'
$601,157:
$706,074
•
19,821
——
—
.u—■■ /
54,298
21,076-
'_z.x//7%///_.-Z-:_ ■
■
"
•
Gen.
adm.
&
124,845
it
had
Net
$298,644
profit
per sh
of
♦Other
than
the
Act
Revenue
of
Sheet,
Balance
1942 I
Cash
in banks and
U. S.
Savings Bonds—series G//Z/7/Z-Z_
Accounts
and
notes
hand._..
Fixed
notes
assets
and
accounts
/_._
1,045,174
47,169
The
assets
—
-
next
17,767
/ -.■/
7
82,770
r;
,
i
payable—-trade
payable
Rents
the
Third
stock,—V.
464,197
17
Sales
1940
$5,707,451
$4,129,483
2,868.838
Circuit
the U.
amounted
.662,676
first
V.
on
■'•
Profit after Costs
:•
and
$1,331,640
$960,473
5,352
8,438
35,790
$2,182,323
81,594
$1,336,992
$968,911
$1,029,342
110,218
119,380
139.106
625.136
445.573
332,927
288,405
391,864
income
Interest
_
——
..
284,038
251,782
Provision
,
Other
on
income
■
■■
170.000
/
'
'... "i,-
84,229
58,889
170,644
245,000
48,100
31,500
9,079
Net
(par
profit
Earnings per
$731,596
$194,833
$174,432
523.652
—
common
,523471
533,137
519.845
$1.39
$0.37
$0.33
$0.30
$167496.
stock
$5)
share—:
with
Court,
a
hearing
be
to
Other
Digitizedr FRASER
for
211,158
105,965
219,465
1,644,310
and
$906,620
798,350
793,449
•
has
$6.31
\649,260
$205,949
$4.29
excess
as
against
week
106,-
profits
1941 Internal Revenue Act. No
made for increases In taxes for the fiscal year
-which—may result from the Revenue Bill cm/
been
1941
in
and
ending in
1942.
Balance
77:77 ■<<•.
-
31
was
paid on the capital stock,
__._7/
employees
■■■-'
:■
80
1942
March 31,
June
15.
31
Aug.
7
13,246
....
...
1,007,275
3,384,608
...
securities-
/
639,252
'■.■
(net)
(lower of cost
"
'
Total
or
833,575
market)..//./...
,.7
1,971,216
..1■»»'"
...
1941
—
■■
$9,933,206
$8,039,919
ftCapital stock ,..-.....77..._7.7._^_//7^.^//-,
2,000,000
Capital surplus
:
:
4,077,095
Earned .surplus/
1,088,766
4'Treasury stock
Br600,531
Employees' investment - certificates^.-./.—..^.
104,000
Accounts payable
—
..../___._7.__..: .7
379,867
2,000,000
4,077,095
574,188
Dr590,964
63,300
296,147
1,160,360
...
...
Liabilities—
•
Provision
AccrualsTotal
//
for
taxes——^
_i—
-
2,383,247
"500,762
—.—
♦After
reserve
for
$9,933,206
-
-
—
depreciation:
1942,
$2,104,501;
tRepresented by 210,000 no par shares. iRqpresents
and 11,044 shares in 1941.—V. 156, p. 520.
30,
■
■
459,793
1941,
12,243
1942
$8,039,919
$2,013,521.
shares in
7
.
value, to holders of record Aug. 20.
Nov. 20, 1937, when 87'A cents was
par
since
on
Gross
:
,
-\../7'-/'- '/-■
.
-
interest
of
and
overdue
on
mortgage ef
a
owned
by
mortgages
Nicholson
are
Aug, 1,
In
$250,000
1942.
on
certain
dock prop-
transferred to Overlakes,
approximately $175,000
The mortgages have certain rights
participation in Overlakes earnings.
with
See also V. 156,
p.
Co.,
the
elected Chairman of
of the Finance Committee.
Committee
Mr.
Davis
the
the Executive Committee and
from
•
activities,
292,777
37,376,192
29,548,269
18,485,653
11,712,725
5,8^0,563
railway.——
p.
6,314,7.83
lncome._L
■'.
1160.
880,631,
1939
$3,537,014
699,163
89,537
27,937,072
6,163,443
5,561,010
1,567,288.
893,012
./'.;7:.
announces
that the stock¬
meeting held on SeptV 29, approved by .a large
to restate the "property and plant account" of the
company by writing it down to cost less depreciation accrued at rates
allowed for .Federal income tax purposes; to set up a reserve against
;/Viand and; buildings not in use" in order to bring the book values
of such assets down to a figure representing, in the opinion of the
directors, their fair values, and to. write down "goodwill, copyrights
and
In
1159.
a
Russell, Chairman of- the Board,
at
special
a
vote/the proposals
plus
trade-marks"
connection
necessary
to
with
$1,
•
these
to take
care
actions,
of the
and so as to provide capital sur¬
writedowns, the stockholders have
approved reduction of the par value of the preferred stock from
per
share
holders
per
any
to
$100
to $50 without changing the right of the preferred stock¬
receive "preferential dividends at the rate of $7 per share
and without changing any other rights and preferences of
class of stock.—V. 156, p. 791.
annum
member
Warner
Bonds Are
including
978,350
48,915,062
railway—.
oper.
156,
holders,
of this, year.
expanding
1940
$3,864,811
Ward Baking Co.—Par Value of Pfd. Stock Reduced—
promotion, which will enable him to share with Mr.
of the'growing load, on management, was prompted by
company'srapidly
from
ry.
Faris R.
He had been Vice-Chairman of the Execu¬
since January
734,630
income
oper.
Net
—V.
Smith's
more
ry.
Gross
according to an announcement by F. B. Davis Jr., Chairman of
Board and chief executive officer of the company.
Mr. Smith has
been
1,561,049
.
and
default
1941
$4,899,368
3,185,176
railway.—
railway..
From Jan. 1— ■'■//.
Agree¬
was
note
from
Net
This is the
disbursed.—•
agreement for settlement of claims held by the company against
Universal Steamship Co. and the Overtakes Freight
seveh vessels and by
the
from
Net
Net
Claims—
1942
$7,298,994.
August—
paid a dividend of $1.75 per share on
the $3.50 cumuletive convertible preferred
operation
of •
eight new/munitions plansts .for the Government*-in addition to more
-
$1,910,787
1
120,200
17,267
34,277
8,795
1,127,659
1,819,301
665,040
690,610
1,645,974
26,101
43,890
.
;
"
$1,895,942
1
118,000
developmet expenses_.-_.___-_-.__
charges
Receivable
-vV
par
This compares with
last.
Payments during
10 cents; June 30, 12 cents; Oct. 1,
and
-
--7' /
.
Sheet, June
/
assets
Marketable
:
kwh.,
$855,203
t
$108,270
$4.56
$454,577
^
Government securities
later handed
I. system companies for the
119,400,930
'
543,216
$1,248,026
dividends
share
per
Deferred
held
assumed by Overlakes for $1,000,000 secured by a mortgage of $750,000
tive
{ ■..♦Includes ;306.000
snares/bf ^S -par value each "at -previous aggregate"
statedv value^of»: 306,000 chwee of^ no par Value,»M$4,657,318 and a vibal«-
367,684
306,683
489,003
597,687
for
Due from
Herbert E. Smith has been elected President of United States Rubber
107,134
taxes—
$1,395,157
3,360
390,791
172,437
charges.^
Investments
United States Rubber Co.—Changes in Personnel-
of
■
no
Verty, in- Detroit
also
♦Shares
•
trans,
etc. ■„/_._
expenses
Federal
'/
for
equipment,
17,019
■
-
IvJ.
$2,625,917
12,708
$4,062,144
......-7.;
8,891
profits tax.,
Patents and
237,892
Royalties
Depreciation
Depiction
$1,321,329
to employees
Consolidated
Nicholson.
on
Gross
121,542
$2,525,527
817,911
Cash
ratified by stockholders of United at a special meeting
held Sept! 25.
The
agreement is between United, Nicholson, Overlakes and the
Universal Terminal Co.
Among the claims is a note of Nicholson
$993,552
6,386
income
113,073
$3,866,267
directors..:.^.....
and
beginning
compared with a maximum
as
United States Freight Co.—Stockholders Ratify
An
"4'
■
$2,175,937
expenses
stock,
payment
Corp.
411,581
1517,749
$5,374,847
3,256,275
675,701
t95;fm~^:-100-,390^-^3;82&--rn
compensat.
'77 Assets—
145, p. 3213.
the
1.443.370
■
Other
share
per
March
follows:
as
company
ment
$2,848,503
1.795.660
607,102
G.
to
and Dec, 31, 25 cents.
cents,
class A
1939
$3,273,881"
2,190,741
Cost of mining.....i...
Sell. gen. & admin, exp.
5,351,977
1942
rently under discussion in Congress, under which the proposed "taxing
rates may be retroactive to part of the income for the fiscal year
moved that the proceeding be stayed.
to hear argument immediately on the mo¬
consented
26,* 1942,
each
were
The
$4,496,004
'
1940
$8,808,488
7,025,162
879,542
112,193
Wabash RR.—Earnings—
3,038,080,
138,250
exchange of 16,000 shares of
155, p. 1421.
/
1941
1942
1941
$11,883,164
taxes
provision
United Linen Supply Co.—Resumes Dividend—
,
July 31—
not
I, has an investment, at cost,
Current market value of the invest¬
Sept.' 30 to holders of record Sept.
on
1941
JJnited Electric Coal Cos.— -EarningsEnded
Steel Co.—Earnings-
.
Inventories
electric output for
Sept.
12, cents
'./♦After deducting discount arising from
Year
Service
Public
Ringe
Mr.
account of accumulations on
common
♦8,139
based upon rates embodied in the
taxes
divestiture./ ,U.. G.
dividend of 14 cents
A
$1,
17,527
/_7-7.—/I/./.$3,868,495
28,199
19,180
Note—Provision has been made for Federal income and
140,232
....
62,833
41,77.5
Surplus for
!
58.171
....
82,503
106,266
872.
p.
United Income Fund—14-Cent Dividend—
46,691
,
193,075
Income.
156,
income
Earned
097,803 kwh. in the same week last year, an increase of 13,393,127 kwh.,
or
12.6% .—V. 156, p. 1159.
383,778
,
preferred stock for
find
been overruled by Mr. Townsend,
its decision refusing to stay the
matter.(
The
86,416.
168,499
.
409,224
——....
9.117
.
496,212
....
Balance
Court "should
$31,464.
payable
:
Notes, and mortgages payable
'
:
;
Provision for payment to growers....;
23,679
19,426
Long-term liabilities -.2
/.
Deferred credits to operations.^.:
47,950
Prov. for Fed. inc. exc. profits -taxes
264,808
Sundry accruals
■'•■'
' 112,825
♦Common stock ($25 par)
" 3 ,038,080
326,447
Surplus
'
'
Total
Excess
.
$35,274
522,043
operating income............
Income
Weekly Output—
$4,496,004
_
Taxes
'
and
had
which
down
7
'
Accounts
it
the Supreme
order
our
Public Service.
that
then
Commission
ended
Liabilities—
♦6,033
858,183
railway..^—
oper.
Total
Tuesday.
was
tion,
2,989,193
61,208
,55,087
,
such
before
now
It
Total .//.■__/7/7;Z/'-/z7L.• $3 868,495
-
and
is
were
7,069
—
1,371
railway
Additional
Commission, Mr. Ringe contended, has no power to order divest¬
ment of an investment and said questions concerning a primary system
3.069
,
22,503
Interest
The
/>
2,803,179
/
—
prepaid expenses and deferred
•/
that
though
sliehtly more than $20,000,000,
value in 1930 of $211,000,000. '
13~5~318
64.734
receivable.
(net)
sales, contract.'
$58,000,000. in
ment
$110,690
369,376
♦3,188
12,245
/♦Property
of
3,069
.
$41,395
■; Other" income'"//
Bodiiie,
undertake
1939
1940
.
:
15,000
i
Expenditures subsequent year operations.
Deferred
1941
from
ry.
Net
bound in the interests of its 110,000 stockholders to carry
order requiring sale of its interest in public service to the highest
100,800
receivable..-...—..
Inventories
■/'
$367,411
Investments.7
Land
Circuit
7
par
10,328
Depreciation
The SEC has under consideration an order that would require U. G, I.
21
May
.Assetson
Third
to
excess profits taxes is based,
without provision lor potential liability
estimated not to exceed $50,000.
Consolidated
the
ap¬
$75,068
income
duty
any
/;';77:7;
1941,
under pending legislation
-1.
27,552
Selling, admin., and general exps.-/
tribunal.
and $130,257
Note—Provision for Federal income and
on
assumption
even
$0.23
^Includes $28,261
operations.
1153.
p.
G, I.
U.
$28,977
provision for excess profits taxes in 1941 and 1942, respectively.
Comp¬
$98,703
Cost of sales
for a
may be found that
investment interest.
argument by
the
$1.04
feel
charged to
the
on
that
out
$127,060
,
from
officers
$2.66
$2.44
a
that
of
as
20,003
Vanadium-Alloys
testifying before Mr. Townsend, under questioning by
Thomas B, K. Ringe of counsel for U. G. I., said the company would
com.
StOCk
position
1941
1942
Years Ended June 30—
■■■;/■/''
ctt
pointed
Commission said,
the
Mr.
Earns,
held
27,500
134,445
present
$120,611
railway
oper.
Net sales
to be a subsidiary • of U. G. I., U. G. I. would have an adequate oppor¬
tunity under fhe~ lasr sentence of Section-TT ~(b) -fco- request-^nodification of any order which we may issue with respect to Public Service."
Z
253,921
and
Pa.,
Committee
,
$326,539
56,738
IProv. for Fed. inc. tax.■
ry.
superseded
moved., that the .proceeding be
;/>'
predicated
was
reverse
14,438
7/1 62.440
(net)
deductions
'■;/
Commission
But,
'17,321
136,549
Cr34,322
156,949"
expenses.
^Depreciation.
Other
i.
recent
a
Public Service was not a subsidiary but merely an
'
66,255
his
Comptroller '
and
Pittsburgh,
Executive
Dividends ___.._/-_^.__.//j./_..-_
The
stay
$214,112
$371,802
49,649 / '
relinquish
Miscellaneous
86,227
_
and
the' record,";'
$127,884
$246,371
will
railway....-
♦Loss.—V.
sion
1,423,313
//125,431
Rooney
Vice-President
Delaware,
directors
on- the motion presented is,
therefore," the Commis¬
later announced, "that the proceeding will not be stayed. U. G. I.
may introduce any additional pertinent evidence.
When that evidence
has been introduced and the staff has had an opportunity to present
any pertinent evidence in rebuttal, the examiner is instructed to close
416,782
'
$481,193
119,964
'
until
abeyance
.
Interest
from
Net
had been started before Tx*Ial Examiner Richard W. Townsend.
$1,937,980
283,299
;
:
Ry.—Earnings—
Net
U- "Our; decision
2,274,081
Freight, sell, etc., exps.
Cost of sales
1939
'
$1,983,349
1,538,181
of
Corp,
of
another U, S. Steel subsidiary.—V. 156,
from
Gross
ruling by the SEC, since upheld by the
Third Circuit Court, that Public Service is a subsidiary of U, G. I.
and of United Corp., could be heard and acted upon by the Supreme
Court that the Commission took over in the hearing.
The hearing
Owned)
1940
/:
7//7
$3,071,185
$3,038,573
less
sales,
•allowance
/
From Jan. 1—
the motion,
to hear
.whenu counsel. Lor. ..U.. G.
.was
.
(Including Union Commercial Co, Wholly
Steel
board
August—
Gross
made at the climax of a hearing
President of U. G. I., testified that
the company would fight to the Supreme
Court any order by the
Commission
requiring U. G. I. to dispose of its interests in Public
Service Corp. of New Jersey.
; "■■/.;■■.,
/v ':/
in
Union Sugar Co.—Earnings—,
the
Mr.
Co.,
Net
trial examiner
a
liability lor excess profits tax is indicated for either year.
~fV.: i56, pr"79i-.——
~
•
1063.
.
1941).
Exchange Comm'ssion rejected on Sept, 29 a mo¬
tion that it stay proceedings looking toward divestiture by the United
Gas Improvement Co. of its holdings in the Public Service Corp. of New
Jersey.
"
/'■/
■////:■ "'V/f/':
Note—No
/
,
value
The Securities and
■•••:
.
(
,
The Chase National Bank of the City of "New Ybrk has been
pointed transfer agent of warrants to purchase common stock, $1
(voting trust certificates).—V. 155, p. 643.
1941)
by SEC—Company to Fight to Highest Court Order to
Sell Interest ki Public Service of N. J.—
10,783,479
'■ /..V':"7"
•/'
$700,000 $24,224,158
;<;v/
♦Includes Federal Inc.
"
.
.
new
on
during which William W. Bodine,
'*
States
of
Net
9,350,507
25,105,821
-
Mr.
2015.
p.
The
sources-
intensive drive.
535,560
his
fRepVesented by 523,652 (523.317 in 1941) shares, par value $5 (in¬
306,000 shares of $5 par vklue each at previous aggregate
value of 306,000 shares of no par value, $4,657,318)V. 155,
'
20,133,986
34,625,040
9,519,219
1,166,293
more
to
United States Steel Corp., the parent company, and assumed
duties in Pittsburgh on Oct. 1.
Rooney was appointed Comptroller of United States Steel Corp.
Oct. 1, 1940.
Prior to that time he was Comptroller of National
6,586
1,267,155
and
troller of
5,743,173
130,411
.....
/
stated
all
from
income
Net
-
other
&
5,745,578
United
company.
cluding
6;799,176
_//_ZZ/\
charges/ /
Total income
addition
George W. Rooney has been elected
129,168
payment of
upon
13,334,810
1,276,637
•
_/.__.
138,655
iron
scrap
company collections thus
member
shares of $5 par value pach and exoess
subscrlpt-cn pr.'ce over par value—to be credited to paid-in surplus
of
Income
Fixed
In
of
38,897
prop.
Total
j-25,210
trans-
5,407,497
of
Universal Corp.—Transfer Agent—
5.629,647
6,285,316
1,008,908
%
pounds
United States Steel Corp.—New Comptroller of Subs.
United Clas Improvement Co.—Plea for Stay Refused
portation-opera.//-/'
from invests. &
7
damaged
on
fCommon stock
facility
from
inc.
Net
(net)
.
270,425
Capital surp. arising from reduction of capital
Paid-in surplus
Earned surplus
——-—;—
13,893,650
1,091,681
250.767
673.000
297,866
stock subscribed—_—____/.
capital
tCommon
32,858.107
7,279,295
•
244,993
/ .__/„
his
Finance Com¬
380
10,000 pounds of zinc.—V. 156, p.
(deferred maturities)..
Insurance, settlement
-
13.778,473
Equip.
146.346
352,669
20-year, bonds.
Contrasts .payable
'
1942—8 Mos.—1941 .7jj
: -"$ ' r;' ■ _~v
.
J
t,
.
.
$1,792,208
' '•" 167,586
245,751
110,841
Reserves
20,812,186 202.713,459 132,472,340
14,788,858 134,633,979 99,614,233
'33,511,055
exps..—
19,732,582
Railway oper. revs.../.;-
Railway oper.
307,983
•
;/■
-'/
1942—Month—1941.
■
$10,255,963
Liabilities—;,,,
_______
'-■/■;/• (Includes Leased Lines)
/
■■
Period End. Aug. 31—
' ;y;r
$9,976,889
$1,500,000
the
far have been 1,405,000 pounds of iron ;
regular iron and steel scmp»
/
Enough brass and bronze were discovered to make: 3,000,000 30- •
calibre cartridges, and enough
copper for 2,700,000 of these cartridges.
The 127,000 pounds of aluminum turned in would build 16 pursuit;
planes.
Other metals included 263,000 pounds of lead and nearly
"
Union Pacific Railroad—Earnings
■/';
1
10,000,000
build
borings in
22,347
22,679
'-/.j'''■ •'.//=■
payable; bank__.__^_„—;
•Accounts payable—trade
Accrued salaries, wages, royal., taxes, int., etc..
Contracts payable
(current)
.
'•
;
585,682
/
In addition to
Committee.
Chairman of
as
Both Mr.
the company launched a still
:;
:V71,951,: 77,265
,
Paper Corp.—Dividend Reduced—
Bag: &
;
,
Notes
Sept. 30 declared a dividend of • 15 cents per share.,
on
the capital stock, payable Oct. 16 to holders of record Oct,
10.
/This compares with 25 cents per share paid on, March 20 and July 10,'
last, and on April 8, July 10, Oct. 14 and Dec. 15, 1941. - r
/' *
:
■Alexander Calder, President, stated the above action in reducing the
dividend "is taken to maintain a strong financial position In view
of the uncertainties arising from the war economy/'—V. 156, p. 967.
y W.
;
.,143,428 ""
'.■ 450,397
"Total
■
967.
directors
The
37,905
.
reserve
the Finance
director.
steel, the amount
medium tanks, have already been turned up in
its nation-wide scrap campaign, this company announced on Sept/ 25,
In a statement making known the results thus farv-whiclv-ineluded
in addition large amounts oi brass, bronze, aluminum/lead and zinc,
7,882,190
131,768
mineral--rights; .'etc.-l//./^^/...//./^-/^.„/-,
Payments on leases on coal reserve
than
required to
713,493''
■
■
..
Deferred charges
v
to give the 7%
prior lien stockholders $110 a share, plus dividends
accrued; Including this, Cct, 1;- 1942, dividend, which t!»e -directors of
p.
abandoned..—
or
Payment on contracts to purchase coal
/
More
5,000
.
147,657
to
Humphreys serves
a
Salvage. Campaign—'-.
18,634
■
'
1,600
.assets,;-productive/./.zz..^./.—' 7,721,525
Capital
..
$96
—21.625
Other assets1'////.//^--.-^/.-/../.^/.-.^-i//'/.'
156.
Mr.
as
Doyle and Mr. Copeland are also
directors,-/
•
402,600
546
Deposits\qn,-\coai.,bids_-.///„//v_.^-._i:v._;.r,_.'''. "
'to $150,683
$272,661,-.
"
334,957
receivable-//././,
Employees': accounts
.
been elected
duties
new
,/
mittee and
Inventories
the company have reluctantly
1941
.
in war production from coast td tioast,
own
E.
Humphreys Jr. has been elected Vice-Chairman t>f the
Executive Committee, and Bernard W. Doyle and Lammot du P.
Cope-
,
.
1942
..
.
'
—V.
Harry
Balance Sheet, July 31
.
dividend-of; $1.75per' share
;
applicable to current year's sales.
dozen plants of its
the announcement said.
rrcpicsenting .portion,of provision for contested liability for State sales
pefers'biyideri^May.Lji^idia'te^ /;\l;:/,'
1247
than a
.in 1940-and 213,845
/%'
:
t
217;652 shares in 1942/ 217,171 shares in 1941t 217,137 shares
shares'in 1939 at a par of $5.
tlncludes $19,989
ahce Of
made'' In-Sepember/
of, the, '..adjustment
proportionate/part
etude -theu
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4113
Volume 156
Co. —To
Pay Deferred Interest If 90%
Deposited Under Plan
—
of
Further Time for
Deposits—
;
/
In
view of further
improvement
in
its financial position, the board
qf directors of the company has authorized the payment of all of
the
'
•.'
THE COMMERCIAL & FINANCIAL CHRONICLE
1243
plan
"AH
originally
as
of
extended
31,
Oct.
1942.
making_dej)Qsits,_Qf first
;
.
74$
approximately
of
Holders
for
time
the
the board
that
'
of the
'
It
to make the
delphia
company.
is one of the largest producers and distributors
lime products in the Eastern part of the United
■'
"v. ;•
Company
.gravel and
V.
158,
of sand, v
States.-r-
791.
p.
Charles
held
11
R.
the
in
a.m.
on
announced that a hearing will be
U. S. District Court at. Springfield, Mass., on Oct. 6, at
the company's petition relating to the consummation of
Called—
(S. D.) Warren Co.—-Bonds
due
bonds
1942,
ment
Mass.—-V,
Boston,
who
said,
12 Mos. End. Aug.
Operating
31—
revenues
.
—
7,230,283
511,375
719,160
647.213
809,620
Depreciation
General
724,619
———j——
taxes
—
—
income and
Federal
"673,965
527,854
$1,875,432
$2,021,192
profits taxes
excess
payable
(100,809
capital
accounts' payable,
payable,
total,
$169,937;
first
$28,588;
within one year), $59,000; i
(due 1942-1944), $332,0001
$1,424,725;
earned surplus,
$6,102,343.—V. 156, p. 968.
shares),
par
no
surplus,
1
.
,
payable
.
(secured by trust .receipts),. $102,107;
other
$594,641;
serial' real estate notes, (due
6$ serial real estate notes
stock
$6,102,343.
v
—Wickwire Spencer Steel Co.—Stockholders Urge Sale
—
it
Stockholders
the
whole
materials
war
a
to
...
Westlnghouse com¬
would
of the. Steam
charge
Division,
were
29$
a
increase
the help of
and
equipment
building
in
employment,
than
more
for
the
$13,000,000
a
L.
Spray,
of
Manager
the
Division,
Marine
Merchant
new
further
say
in
received
consummate
more
that
22
have
company
to
much
as
the
only $1.|0
to
due
years,
a
sale
of
obtained.
be
can
in dividends was paid to common
management, and that
-
unsuccessful
possible.
"
Competition will leave Wickwire plants idle after the war as thdv
before-, the war, ,the stockholder, group says, and, adds that a
for 'cash' .now, if possible, 'is' "better than the chance of more
were
re--
>
sale
reorganizations,
the
another
receivership
/,./
war.
after
bankruptcy
another
or
;
The
proxy accompanying the circular would authorize Messrs. Mur¬
Vogt and Adley to join with other stockholders in calling a
special meeting at which they would attempt to remove any or all of
the present directors and elect new directors to till the vacancies, and
vote to reduce the number of directors to five in order to facilitate
ex-'
ray,
other manufacturers
under
sub-contracts
50
division
the
as
business made these dividends
war
stated.
was
or
stockholders
It is now producing
month, or a carload
of
movement
a
share
They
this
produce
join
per
ex¬
,
negotiations
the
for
more.—V.
or
immediate
sale
156, p, 968.
of
"
'
the
'■
■
at
company
".
.
$19
.
share
a
.
this
Worumbo Manufacturing
driving gears.
Pour months
contract capacity, although
construction and tooling of. the 14-acre plant will not be completed
until next spring, Mr. Spray stated.
He predicted that by September
of next year production will increase one-third over contract capacity.
The company is building some of its own machine tools, which will
be used in the new plant because machine tool builders were unable
•to deliver on time some equipment urgently needed, Mr. Spray said.—
v. 156, p. 968.
"■ ..V'
6,358,436
592,938
Maintenance
mortgage
$959,464;
pressure turbine, low-pressure turbine and
after this delivery production., will
reach
$11,901,398 $10,790,689
liabilities,
common
the operation, of the new Merchant Marine plant, disclosed
plant soon will deliver at least four months ahead of
schedule its first complete ship propulsion unit,
consisting of high-
v
,
first
total,
$78,451;
(banks),
$2,000,000; "accounts
$349,814;''drafts-' and'-trade" acceptances
letters of credit
mortgage 6$
nearly $20,000,000.
Ellis
1941
1942
of
industry-telegrams. \
distribution of cir¬
plaining
Subs.) —Earnings—
Washington Gas Light Co. (&
that
Vice-President in
program,
are
that
1160.
156, p.
accrued
this division, this year Would deliver nearly $70,000,000*
worth of equipment—approximately four times the division's normal
peace-time annua! production.
Factors contributing to the Steam Division's record production, Mr.
totaling
1952, have been called for
1,
May
15-year 4Va$
first closed mortgage
of $156,000
$82,006;
to
that
ported
pansion
singing fund
redemption as of Nov. 1,
at 102% and interest for account of the sinking fund.
Pay¬
will be made at the Old Colony Trust Co., trustee, 45 Milk St.,
total
carloads of
4,000
minutes,
Osborne,
E.
,L.
Osborne
A
informed
also
were
of
race
11
every
plan.;.
to
purchased,
payable
creditors), 1
is
stated,
was
'
more
the
at
:
Among ^recommendations to ,be considered •{
will be those with respect to the revised provisions affecting the time
and manner of exercising the option to take partial distribution in
Cuban bonds under the plan,—-V. 156, p. 440.
the- reorganisation
.,
trade-marks
and
Liabilities—Notes
(trade
that the company's steam division has
which has plants in more than 25 cities,
than $500,000,000 worth of equipment.
pany,
year
has
President,
Gow,
and
large
will
and*
up
'
directors
The
Hearing Oct. 6—
Warren Bros. Co.—Court
the
pick
of propulsion equipment in the 10 months since
its production
Harbor.
■——
bonds necessary
of
handling
to
'
•
war basis-and
growing
volume
efficient
most
navy, other government and war
ago Western Union discontinued the
announced on Sept. 30
was
doubled
effective,have .assented tq the: plan of .extemsion.-,, Fidelity-Phila¬
Trust Co.,
Philadelphia, is agent and custodian for the*
plan
' •'''
circular inviting them
the company at $1) .
The circular IS
A.
W. Robertson,
Chairman, reported that in the 10 months pre¬
signed by Joseph Wilbur Murray, Treasurer, Holyoke Housing Authority;
ceding; Pearl ..Harbor deliveries made by the •steam' division . Amounted .V •H. Otto 'Vogt,' President Eclipse vGld5!s Works,' ThorhastonV Conn., aftd
to $23,998,000, and that in the 10 months since Pearl Harbor deliveries
Daniel
J.
Adley, President Adley
Express Co., New
Haven.
These
totaled $50,356,000, an increase of 109$.
stockholders state that the company is not properly
balanced, only,
In virtually the same period, Mr. Robertson pointed out, the comone of its blast furnaces having been used since 1929 until the present
pany has built, equipped and put into operation the $26,000,000 Mer¬
emergency.
Republic Steel Co. is now operating two of the Wickwire r
chant Marine Division plant.
»
• •
furnaces.. "
:'
;
'
bonds to
'
the
on
$418,021), $1,073,618; deferred charges and other assets, $85,406; good¬
of notes, papers,
other errands of.
'
Westinghouse Electric & Mfg. Co.—Output Up——-
—
of directors has
mortgage
'
army,
time
Some
delivery
to run
.
culars, samples, catalogs and similar material.—V. 156, p. 1064.
carried into effect.
paid in cash as soon as the plan Is
Charles Warner,
President, stated
service
expeditious
assure
important
,.
be used exclusively
purpose of this action,
it
The
telegraph
■
will
personnel
telegrams.
the
keep
ing fund bonds from April 1.
6.V annual interest rate, also
'•
*>' '•
,
messenger
deliver
date of
maturity
kind.". '.
any
presented in addition to providing for the :
the company's first mortgage 67o sink¬
1944, to April 1, 1951, at the present
provided for the payment of one-half
of the unpaid deferred interesfon these bonds amounting, to $90, and,,*
pledged the company to set aside 20 Vc of each year's net earnings
available for dividends to pay the remaining $90 of such unpaid de¬
ferred interest,
Now under the new provision the entire $180 will be
The
..
extension
be available lor the
flowers and candy, or
not
will
tickets,
packages,
its proposed bond extension plan.
deposited under
are
Messengers
sinking
of the,
unpaid deferred interest on the company's first mortgage €'/"
fttnd bonds in the amount of $180 per bond, provided 90^
"bonds
Monday, October 5, 1942 '
Co.—Earnings—
1942
1941
$643,401
$178,341
84,044
82,397
Discounts .(net)—u:.?.
11,514
14,121
Interest
10,619
9,447
$537,224
$72,373
6 Months Ended May 31—
Gross profit after deducting cost of goods sold.
Selling and administrative expenses.
—_
„
paid
.
income
Miscellaneous
303
■
'
Net
operating
revenues
——
20,897
99,607
$1,896,329
$2,120,799
856,145
786,925
income
Other
Wheeling & Lake Erie Ry.—Earnings—
income
Net
"Includes
railway———
774,547
oper. income—
From Jan. 1—
277,666
344,819
for
provision
;
5,971,569
Net
ry.
5,055,841
income—
1,890,597
2,702,254
railway—:
oper.
Net
Ended
'
sales
Net
of
cost
Prime
"Operating
expenses
12,001,170
1,900,825
$793,654
$363,436
Total
,
Interest paid ru,*** —
for
26,298
24,491
$819,952
17,397
income
,
—,
—**—,1——
19,194
taxes
r———-
439,500
103,513
$363,054
$265,220
89,773
83,614
*
Oklahoma
&
form
Net
profit
-£>——.•
for
—
included*————.
depreciation
per
common
Wichita
The
line
the
under
30,
The
and
goodwill,
and
inventories,
$552,051;
(net),
values
hand
on
on
$2,835,619;
deferred
charges,
total,
$769,104;
payable,
preferred stock (par $100), $864,900; common
stock (par $20), $2,100,000; surplus from recapitalization, etc., $305,867;
$55,311;
liability,
7
stock required and held in treas¬
(2,489 shares at cost), Dr$20,990; total. $5,156,159.—V. 156, p. 616.
earned
ury
$417,126;
surplus,
common
revenues
Maint.
of
way
struc.
364,063
Maint.
of
equipment—~
589,139
Traffic
&
expenses
Transport,
Miscell.
General
expenses
Transp.
for
way
Maint.
of
expenses
for
Other
"■
—1—*
Taxes
«"
Operating income
Equipment
facil.
Jt.
5,201,310
59,891
Net
387,834
Other
.
Dr.i
■
459,987
Cr2.546 *v;;i
—.
Crl0,540
•
of
Hire
Joint
ry.
Other
oper.
income-
rt
240,000
6,674
62.383
218,002
12,003
$465,002
34,992
$3,038,220
26,673
206,525
30,283
241,535
ry.
$399,727
$2,590,161
3,521
18,629
$369,440
$403,249
$2,608,790
$2,174,845
6,658
6,658
53,261
$620,091
17,227
$4,377,509
avail,
from
ry.
54,452
:
Dr
$1
share
per
stocR,
like
account
on
payable
par $50,
amount
paid
was
on
V
1941
1942
$3,302,775,
1,694,833
1,369,972
income*—
railway—*.
.
1939
1940
I
;
$1,277,856
701,003
$1,141,290
383,741
$1,810,099
276,203
,
484,083
166,334
42,361
11,648,954
9,550,677
8,800,345
2,435,315
*2,220,047
562,679
,,
21,304,465
3,839.000
10,415,730
railway—.„■
8,177,923
income--
oper;
156,
2,249,137
-
781,631
'
1064.
p.
of
Ownership,
Management,
required
&c.,
the
of"
Acts
24,- 1912 and March 3, 1933 of the Commercial Sc
Chronicle, published two times a week on Thursday and
Financial
State
1,615
6,891
60,726
$388,278
on
include
not
"Does
interest
books.—V.
corporate
being
accrued and
156, p. 872.
■
■
of New
York,
ss.:
Before
,
me,
notary
a
the
following is,
statement
the
of
to
the best of his
ownership,
knowledge and
management,
of
Sic.,
in the above caption,
the
required
$2,048,846
not
paid,
as
reflected
L :
:
that
true
a
side
this form,
of
to w.t;
.
That the names and addresses of the publisher,
(1)
$3,962,888
County
by the Act of Aug. 24, 1912v as amended by the Act of March 3, 1933,
embodied in Section 537, Postal Laws and Regulations, printed on the
71,547
$2,494,803
8,313
$355,89)
...
York,
aforesaid publication for the date shown
reverse
income
New
and
Chromcle
belief,
paid;
of
public, in and for the State and County aforesaid, personally appeared
Herbert
D.
Seibert, who having been duly sworn according to law,
deposes and says that he is. the ed.tor of the Commerc.al & Financial
102,282
67,957
of
A
Cbngrcss of Aug.
^
fixed
for
charges '
248,855
.
10,
Payments during 1941 were as follows:
and Sept. 15, $1 each, and Dec. 15, $2.—•
23
railway.
Statement
"
$3,816,315
134,485
9,980
;
equipment
— „_
"Int. being accrued and
.
Oct,
last.
,
from
Net
$2,176,460
2,412
15,
railway—
oper.
Net
255,001
3367,027
record
From Jan. 1—
—V.
$2,711,263
279,795
29,206
(net)
1,580,000
116,524
$632,804
Net
712,853
$422,906
(Consol.)—Accum. Div.—
dividend
155, p. 2192.
from
%
"Rent for leased road &
2,960,000
$4,276,031
1
738,237
Co.
a
the 8'/-"cumulative class A
July
August—
361,843
96,782
15,
Cab
declared
of
June
April
Net
$3,785,965
622,010
and
15
20,
Gross
$4,448,468
have
holders
to
Gross- from
12,790
-
Checker
Yazoo & Mississippi Valley RR.—Earnings—
Cr6,193
$626,577
(Drt'i
(Or)
15
Jan.
321,099
64,793
surplus, $2,0o0; earned surplus, $279,996; total,
741.
p.
Monday, at New York, N. Y„ for Oct. 1, 1942.
$5,396,315
$7,236,031
$569,711
income ;_L,—_
income
21,004
354,112
101,812
income
oper.
ry.
income
Inc.
$809,711
$615,577
2,140
204,017
155,
of .accumulations on
3,694,482
34,519
$728,735
taxes—
equipment
facility;rents
Net
Net
1
Crl,294
taxes-
due and payable when certain pre¬
$25,000; reserve for contingencies,.
($100 part, $866,700;
cumulative preferred stock ($100 par), $15,500; common stock ($100
Yellow7 &
3,577,031
84,258
i
14,863
.
(net
after
333,850
$623,766
rents
rents
250,459
4,537,174
taxes';-.———:
.
Net
360,143
48,794
445,000
,
income
met,
are
cumulative prior preference stock
The .directors
:
1,417,170'
228,765
1,856,304
29,046
4,068
provisions
3\'z'd-
par), $1,100,000; capital
1942—8 Mos.—1941
174,071
41,703
stock
Mar.ch
473,644
—
reserve
present and former directors,
$3,115,270;—V,
$1,519,545 $12,995,767 $10,762,399
1,528,246
1,308,321
175,842
invest
railway revenues-
1,684,694
483,473
;;;
7',i>
Ry.
\■■
30,948
expenses.
trade, $372,159; reserve for Federal,
for other Federal and State taxes,
payable,
Valley.
587,263
:
r
General
3,055,493
v:,;;:V 8,696
$1,068,766
Oklahoma
May 81, 1912
pay
$100,000;
over
Fort Worth & Denver City Ry. are
RR.—V. 152, p. 3364; V. 150,
236,898
expenses
Transp.
4,276,725
56,780
revenue-,.
oper.
tain
Southern
229,330
struc.
Miscell.
•
Net
&
Transport, expenses
45,188
•
&
operated
$33,963
for excess profits taxes.
$299,823;
income,
on
ferred
lease,
under
V.
equipment
Traffic
2,114,314
741,695
Investment
the Wichita
$1,858,945
,
of
403,936
11,245
v:,
—
operations
to
1942—Month—1941
revenues
Maint.
239,610
c
43,577
_
expenses
1942—8 Mos.—1941
$2,036,862 $19,732,768 $14,484,568
$2,875,265
Operating
has
Falls
Wichita
/
■■
Period End. Aug. 31—
Total
Federal
1942- -Month—1941
the Colorado &
—
hitherto
RR.
The
branch
■
■
$132,936
•
^
■
roll accrued, $20,507; reserve for loss on returns and
allowances, $1,450; town taxes accrued, $19,132; notes payable to cer¬
1903) and Wichita Falls & Oklahoma RR.
in Oklahoma in 1922) severally own por¬
them
lease
Waurika
tne
^
10,750
"270,000
100,000
—
Liabilities—Accounts
taxes
$12,943;
Wisconsin Central Ry.—Earnings—
Net
Western Maryland Ry.- -EarningsPeriod End. Aug.31—
Waurika,
to
Oct.
—
miscellaneous
Labilities,
$140,292;
acceptances
under letters of credit,
$34,725;
real estate
mortgage
installments due
within one
year,
$7,300; provision for
income taxes based on
1941 rates; $446,022;
reserves, $36,5Q1;
fixed
Liabilities—Accounts
in
Texas
the lessee, and the
lessors,
3682.
other assets, $47,899; prepaid
fixed assets (net), $1,298,466;
$5,156,159.
$1;
$21,742;
Falls
accounts receivable
$400,382;
deposit,
rights.
trackage
the line and
of
tions
p.
Assets—Cash
Wichita
togethtr
which
railroad
of
from
Southern
&
(incorporated
subsidiaries of
1942
lines
operates
Ry.
Falls
in
Oklahoma
of
Valley
Wichita
the
and
$1.93
$12.95
share——.———r
of
northeast
route
and Jefferson County,
Oklahoma (referred to collectively as the Waurika branch);' (bi aban¬
donment of operation by the Wichita Valley Ry. Co., lessee, and (cj s
abandonment of operation by the Wichita Falls & Southern RR., under
trackage rights, of or over lines of the Waurika branch.
"
Earned
Ry. Co; and the
1,115
*
$1,217,500; real estate, plant and equipment (less reserve for deprecia¬
tion since March 1, 1913, of $1,227,481), $1,720,494; accounts receiv¬
able; remnants, employees, etc. (less reserve
for doubtful accounts
of $4,055), $2,170; prepaid insurance, etc., $13,309; total, $3,115,270.
(a) abandon¬
Wichita Falls
permitting
certificate
a
Oklahoma
of
RR.
continuous
a
issued
19
Falls & Oklahoma
26,843
^
1,044
Assets—Cash, $25,575; accounts receivable, trade, $136,222; tnven.tories of raw materials, supplies, work in process and finished goods,-
34.65 miles, in Wichita and Clay Counties, Texas,
(incorporated
"Provision
Sept.
on
^
_
—
Balance Sheet,
by the Wichita
ment
$387,927
—
Income
Provision
— „
-
credits
Income
$16,990,883 $14,265,431
14,065,884
*.*i———_—2,131,345
Operating profit
•
„*——
—
ICC
The
1941
(less discounts)———
goods sold
—
"Includes $165,055
:
1942
30—
June
profit
$72,675
:
33,245
......
estate—
expenses
—V. 156, p. 1064.
(& Subs.) —Earnings—
Western Grocer Co.
real
(net)————
—
Provision for Federal taxes on income————:,
Wichita Falls & Oklahoma Ry.—Abandonment, Etc.—-
Years
'
sale of
on
Tenement
8,628,300
2,525,424
2,015,119
11,060,257
3,825,784
2,990,390
13,712,227
railway——
from
Loss
Provision for contingencies
15,708,003
from
Net
Aug.
ended
$175,000 in excess of the estimated tax liability under
Act.—V. 156, p.' 1064. •
ry.
Gross
tax liability with respect to
31, 1942, of approximately
the 1941 Revenue
contingent
a
eight months
Net
$537,224
—
Depreciation
$1,401,356
513,358
426,554
$1,550,217
503,865
378,134
$1,988,273
950,958
from
1939
1940
1941
$2,229,219
railway
from
Net
$1,333,874
$1,040,184
——
————————
the
for
Income
..—
other deductions—.*———**,..——
and
Interest
—v..
1942
AugustGross
income
Gross
Total income
editor
business
and
managers
,
editor, managing
are:
:
Publisher, William B. Dana Company, 25 Spruce St., New York, N. Y,
Gross
Fixed
charges
■v
$630,071
$4,511,994'
278,310
279,363
$350,708
$2,276,528
Years End. April 30—
Net
•
income
Note—1942
operating
expenses
include
account
$1,790,287
amortization of de¬
fense
projects of $85,439 and $589,807 for the month and eight months
ended Aug. 31, respectively.—V. 156, p. 792.
■
Gross
Sell.
deliv.
Western Ry. of
43,684
-
than
(other
Taxes
August—•
from
Gross
Net
from
Net
ry.
1941t
1942
railway..
*
$132,647
—
$413,505
$205,999
$154,355
railway..*—.
197,373
60,378
36,191
income...
96,431
32,949
18,740
2,652,241
1,497,911
1,163,596
1,092,699
railway.*——
1,094,080
343,590
175,508
Net
512,315
163,085
87,152
43,057
from
from
from oper.
Net
—V.
ry.
-
Other
'< 4,748'
oper.
RR.—Earnings—
1942
August
Net
...
Net
railway..—
railway
oper.
from
Net
—V.
from
ry.
.
.
1940
1939
$3,600,757
$2,279,761
$1,612,817
$1,539,077
1,804,882
891,369
406,327
365,341
1,259,507
642,808
238,746
210,703
22,059,085
13,831,345
10,847,443
.
railway
p.
3,708,416
2,023,460
1,303,842
income—
company
messengers
5,823,054
2,059,301
679,145
101,833
792.
Western Union
The
23,346
141,684
,.■"125,247
$325,091
$217,831
$178,543
125,496
115,546
184,030
146,683
"344,072
51,720
,8,123
3,002
for
$306,929
$157,825: '
$25,677
income
15,121
15,121
15,489
100,809
100,803
101,539
$1.56
$0.25
$0.28
will
ye-ar.
45,364
pari,
on
no
excl.
treas.
100,80.9
—
per
"Includes
include
outstand.
stk.
cap.
stock
excess
buying
Telegraph Co., Inc.—Messenger Service
Sept. 24
longer be
announced that effective immediately
furnished; to perform errand 'services.
5Includes
total
and
occupancy
Balance
Assets—Cash
in
banks
expenses.
Sheet,
and
on
pavable- to
$462,603;
slock.
If
company,
those
as
of
owned
owners
individual
each
by a corporation, its name and
immediately thereunder the names
or holding l'/r
or more of
the
owning
unincorporated
other
or
owned
also
not
addresses of the individual
by
must
corporation,
a
be
its
member
and
name
be
must
the
And
names
If owned by
given.
concern,
a
firm,
address
as
given):
Owner, William B. Dana Company; 25 Spruce St., New York, N. Y,
!
stockholders, Estate of Jacob Seibert, 25 Spruce St., New York, N. Y.
(3)
That
holders
the
owning
known
or
bondholders, mortgagees and other security
holding l'i or more of the total amount of bonds,
mortgages or other securities (ire:
(If there
are
That
the two paragraphs next above,
stockholders and security holders, if
owners,
none,
giving
state.)
so
the
names
None.
of
the
any, contain not only the
of stockholders and security holders as
they appear upon the books
of the company, but also, in cases where the stockholder or
security
holder appears upon the books of the
company as trustee or in any
other fiduciary relation, the name
of the person or corporation for
whom such trustee is acting, is given; also that the said two
list
and notes
$82,750; investments in subsidiaries and otherfixed assets (less reserve for depreciation,
companies (at cost), $27,600;
contain statements embracing affiant's full
knowledge and belief as to
the circumstances and conditions under which stockholders and
security
holders do not appear upon the books of the
company as trustees, hold
stock and securities in a capacity other than that of a bona
fide
and
accounts
$1,644,409;
company,
and
stockholders
owner,
April 30, 1913
hand,
merchandise on premises, in warehouses and in
transit,
$2,585,089; labels on premises, at printers and at packers,
$11,154; sundry receivables (less reserve of $1,000), $32,629; due from
subsidiary company, $13,633; cash surrender value of life insurance
receivable,
stated,
of
of
amount
(if
is
owner
be
paragraphs
tAfter deducting cost of sales which
occupancy costs.
JAfter deducting cost of sales.
profits taxes,
and
buying
..
$3.04
share:——
the
must
addresses
$28,859
,w.:
9,890,941
8.399,809
income—
railway..
oper.
156,
$53,296
inc. taxes
deductions.
Earnings
from
ry.
1941
(2)-That
address
ahd
(4)
Net
(no
From Jan. 1—
Gross
$76,147
14,910
—
income
for Fed.
Prov.
Shs.
from
78,012
30,350
278,385
$301,745
$761,587
Dividends
Western Pacific
Net
90,935
45,248
363,551
$776,497
income
Gross
Income
railway
156, p. 968.
Gross
106,223
47,000
380,666
13,489
-
.
"
Net
35,393
134,694
income—
oper.
From Jan. 1-—
Gross
profit
§1,192,785
38,366
-
New York, N. Y.
William D. Riggs, 25 Spruce St., New York, N. Y.
Business Manager,
.
well
1939
1940
expenses—
1939
§1,473,647
144,742
78,990
437,581 -!•"
inc.)
admin,
'-'Managing Editor, Heibert D. Seibert; 25 Spruce St.,
l$2,t)87,895 £$1,668,222
42,482
Depreciation
Gen.
Alabama—Earnings-
1940
,
t$l,965,542
1,087,427
Executive salaries
•
1941
1942
sales t$3,034,480
expenses.
1,567,897
from
profit
&
Editor, Herbert D. Seibert, 25 Spruce St., New York, N. Y.
Williams & Co., Inc.—Earnings—
(R. C.)
2,240,558
2,235,466
$354,494
;
$4,030,845
this
ciation
affiant has
or
no
corporation
reason
has
any
to
believe
stock, bonds or other securities than
(Signed)
me
this
Kings
as
Herbert D. Seibert, Editor.
28th
County,
day of
New
Register No. 3C252.
Sept.,
York,
that, any
interest, direct
1942.
County
so
stated
Sworn
Thomas
or
A.
Clerk's No.
to
other person,
asso¬
indirect, in the said
by him.
and
subscribed
Creegan,
355,
Notary
New
York
(My commission expires Marcn 30, 1943.)
before
Publ'c
County
@FedFRASER