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'J-,.*
'V,
JUS.
N**'
ocrr
tUBR tsc(
MONDAY
Reg. U. S. Pat. Office
Volume
Number 4531
164
New
Price 60 Cents
York, N. Y., Monday, October 7, 1946
a
Copy
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Abbott Laboratories—About 93% of Pfd. Redeemed—
It
of
in. for
redemption, or about 93%
These
recently called for
redemption on Oct. 15, 1946,
share, payment to be made
Trust Co, of New York or at the City National Bank.
Ac Trust Co.* Chicago, 111., at the holder's option.
Immediate payment
is being made upon presentation and surrender of the preferred shares.
Funds for the redemption were deposited at or about the time the
were
Prof.
per
Consol.
Earns,
was
The
which
and
are
•Excluding
3,000,000
now
authorized
are
outstanding.—V.
Joseph A.
and
164, p.
1,869,907
1077.
have
issued
been
Patrick,
elected
a
attorney
of
member
at 44 Wall
board
the
Alabama Great Southern
August—
of
Gross
railway.
railway—...
oper. income...
St.,
New
York,
directors.—V.
;
Net ry.
ry.
from
1945
1944
from
ry.
Operating
during both
$1,833,248
697,441
76,762
110,956
155,833
1,005,143
287,788
7,430,
The
Co.
&
York
has
Operating
'"■: h.
1946—Month—1945"
expenses.
for
depreciation..
plant acquis.
adjustments \
-hh.:
■
1946—12 Mos.—1945
289,165
48,766
.
taxes
General
Fed. inc.
Gross
&
exc.
476,9451
$816,434
244,416
240,101
&
prem.
Other
5,004
expense..—
Operating
2,866,908
79,084
42,942
Federal
preferred
on
$569,521
$6,016,753
$6,958,242
105,000
189,082
2,064,486
Approp.
to
reserve
spec.
firm
engineering
contract
a
for
of
of
construction
the
plant, whi«?h will house
Electric
&
Co.
STATEMENT
9,393,150
__
3,593,164
a
fot^.dYy and
(&
133,333
...
.
Int.
: 1,414,278
266,667
$
2,631,175
2,573,770
10,433,562
10,825,620
9,926,951
Dr26,386
11,520,389
170,069
48,992,786
421,529
41,074,920
533,161
9.900,565
11,690,458
49,414,315
41,608,081
2,745,350
6,572,163
16,348,856
18,072,112
402,934
.
(net)——
to
...
.
INCOME
public, etc.,
(net)—
286,451
1,616,826
950,244
4,831,844
31,448,633
22,585,723
'
of
plant acqui¬
adjustments—
Balance
6,752,281
to
Transfer
franchise
8,693,075
8,293,855
1,070,722
13,288,256
13,437,316
865,345
585,298
10,516,606
6,984,324
174,523
886,387
divs.
138,599
6,613,682
to
public—
857,254
10,089,210
10,133,910
2,158,625
\
32,147
2,789,533
30,252,774
32,997,614
24,247
402,080
303,576
.,2,190,772
2,813,780
30,654,855
33,301,190
549,261
569,524
6,695,952
1,416,276
325,493
24,940
299,258
31,377
7,341
H: 902,224
400,690
.
Balance
3,053,933
15,884,580
111,639
24,542
Portion
applic. to mi-"
norityv interests—k
equity
of
income of
Net
co.
"
32,675
f
Total—
Int.,
etc.,
subs
5,164,731
•Full
3,436,988
25,556,784
16,767,797.
3,436,988
106,412
25,556,784
16,767;797
3,543,400
25,873,175
H
5,164,731
34,800
—
388,230
17,156,027'
130,796
529,356
479,711
557,833
40,376
830,682
2,240,326
217,791
255,933
4,878,876
2,814,395
24,295,346
14,180,057
—
dividend
or
316,391
172,999
deductions—
taxes
Balance
earned
,
.
—5,199,531
i_
147,656
Expenses
Income
2,434
in
equity, (as above)—
requirements applicable to
unearned.
tWhich
would
be
respective periods whether
carried
to
consolidated
earned
surplus, if there should be excluded the net effect of
extraordinary non¬
recurring tax reductions and related special Charges.—V.
164, p. 1582.
12,155,238
11,660,187
5,793,386
16,792,339
3,126,115
982,478
5,620,910
25,668,423
9,922,695
254,494
1,3921422
3,439,422
.
5,197,406
310,457
3,994,945
—
22,585,725
608,064
24,936
31,289,333
6,983,238
72,776
159,300
,■
4,831,844
.
4,717,792
874,288
income—-:
from
or
—1™—
Balarfce
•Pfd.
M
reserve—--
Other income
112,149,649 115,902,699
3,321,747
38,423,337
39,337,885
730,651
taxes
income™
de-
American Power & Light Co.—
1946—12 Mos.—1945
1,123,527
—
^
9,529,731
prof, tax
8,885,174
debt
funded
on
1946—12 Mos.—1945
,$
.
2,768,918
—
ductlons
Subs.)—Earnings—
COMBINED
OF
778,199
—_u__
income
Gross
,
——...—.
Int.
the
76,672
prop.
—
income
Gross
Stewart
approximately 38,000 square feet. "Work Him
under way, and when completed the plant
National Bearing Division of American Brake
taxes
Other
..
32,520,644 137,065,275 136,673,728
12,707,027
54,795,105
53,532,748
3,322,778
11,790,933
21,521,781
2,396,680
11,052,889
9,718,659
13,521,999
4,436,055
-
revenues—
Other income
Contract
James
2,268,986
V
stock
of
be
Gas
income
excess
Other
92,680
,
oper.
Amort,
and
awarded
already
revenue
Depreciation
2,906,734
Cr911
8,301
:
:
_—
8,430,691
2,643,107
...
Operating
Net income
8,034,826
-.3,181,520
Period End. July 31—
1946—Month—1945
Subsidiaries Consolidated—
$
$9,005,688 $10,034,329
7,723
801,973
COMPARATIVE
:
Operation
$555,960
;
10,482,578
2,910,171
Net
Net
Fed.
deductions—..—
24,944,076
♦1,929,878
1581
Area
will
is
American
Maintenance
$813,682
25,244,176
operated by the
164, p. 1077.
2,624,451
4,211,648
income—...—.
25,434,180
Co.—V.
3,091,134
2,992,117
prof.j
long-term debt.
of
debt
disc't,
on
Amort,
be
585,193
583,443
44,695
19,208,254
-
$2,671,235 $32,236,383 $32,664,812
1,097,010
11,920,108
13,543,062
280,845
3,521,627
3,371,834
of
Amort,
1,488,462
265,172
Shoe
shop,
structure
Shoe
■
_
$3,291,750
1,038,484
219,000
Co.'s new plant at Niles, Ohio, for the manu¬
journals.
The
contract
calls for
a
one-story
structural steel frame with reinforced concrete footings
will
$2,781,944
1,046,886
_.T.
$3,341,097
572,050
railroad
of
machine
revenue
1943
•56,758
been
Brake
of
the
Gross
1944
$2,888,157
construction
foundations.
.
■.Earnings—
1945
,
1—-
Inc.
building
,41T
Alabama Power Co
*'
344,727
railway....
New
facture
15.369,449
*'
taxes
$
33,285,093
—
Property retirement ar^d
deplet, res. approp.—
$2,561,255
railway.™
oper.
American
Period End. July 31—
expenses—
Federal
American Brake Shoe Co.—Awards Building
$1,992,566
394,231
railway
revenues-
sition
$1,483,357
*
Operating
1944
205,810
oper?
ry.
Div.
times
y
...
1946—3 Mos.—1945
"Subsidiaries—
Other taxes——
income
•Deficit.—V. 164, p.
-V. 164, p. 1197.
Int.
all
at
'
_
Period End. July 31—
-
^7741...777'''
income
oper.
from
Net
,
•
owned
V,%r
1582.
American Power & Light Co.—Earnings—
Earnings—
railway
railway—....
from
Gross
269.
p,
From Jan. 1—
Gross
Prov.
stores not
of
p,
$3.89
1946
From Jan.
has
.Y.,
N
164,
$1,285,214
from
Net
sales
from
Net
RR.—Earnings-
1946
from
Gross
$7;
$6.32
has
who
1,804,882
$0.84
T. Murray, President of the Coca-Cola Bottling Co. of New
has been elected a director to succeed Walter G. Dunningtohy
been elected a director.of the Bottling company.—V. 164,
York,
8,067,393
72,062,722
August—
A-.'-,-. v'.'
•-
Net
■Pi
1,794,794
1,804,882
13.981,728
2.062,722
164, p. 270.
Alton RR.
Net
Net
the
James
* '
61,401,643 315,125,568 263,720,329
61,401,643 312,709,109 262,279,422
> 5,094,794
30,481,728
26,267,393
3,300,000
16,500,000
18,200,000
4,196,300
.
share..
per
*
$1.94
shares
periods.—V.
of the company, after the retirement of this
will consist only of common shares without par value;
Aero Chemical Products Corp.—New Director—
been
profit..:
S
$
'*
capitalization
preferred stock,
of
sales.
net
Common
Issued and made available to all preferred stockholders turning
their shares on or after Sept. 4.
7
in
net
$
80,137,757
80,137,757
c 6,696,300
2,500,000
bef. fPed. taxes
for est. Fed. tax.
Prov.
the Guaranty
call
sales_.
,
•Total
shares
at $107 per share, plus dividends of $1
at
net
•/>
MISCELLANEOUS
-
American Ice Co.—New Director—
1946—12 Mos.—1945
1946—3 Mos.- 1945
"
Total
of the entire issue.
INSURANCE
-
Allied Stores Corp. (& Subs.) -Earnings—
Period Ended July 31—
announced on Sept. 30 that 27,975 of the 30,000 outstanding
4 % cumulative preferred stock, par $100, have been turned
was
shares
INDUSTRIAL
-
Special charges for debt
1
Balance
—V.
163,
p.
$450,960
.2485.
;V
$247,106
$3,685,599
retired
$3,274,978
—
Amort,
;
elec.
of
plant
adjusts.—
acquisition
Other int. and deducts.-
All American Aviation, Inc.—Introduces New Service.
first
Reservations
airplane
v
demonstration ilights
The
the
National
and
ies
and
were
over
proceeding
a
to
26-mile
Hyde
route, originating
Field
at
Clinton,
Bal.
>
v
;
at
an
average
549.
H
speed
of
175
miles
an
^
:■.??■:'■. "V
hour.—V.
Undistributed
of
subs,
net
f
:
to
in
the
company's line of
operation,
The
new
rug
cushions
should materially
plant will be
and
increase
Walter
x
The
within
Kidde
factory
10
the
Contractors, Inc., New York City,
is expected to be completed and ready for operation
When
running full capacity, it is expected to :
months.
employ about
*This
1,200
corporation
persons.
will
.
continue
its
plant
.
.
company
manufactures
Skytex
rubberized
pads for the
materials, Sisal
automotive industry, Allen Rug cushions,
insulating
pads for the mattress trade and miscellaneous items.—V.
163,
p.
305.
;v,
364,407
^982,478
4,224,393_ 3,270,063
net
f£]
982,478
4,224,393
' 3,270,063
74,662
15,748
173,861
1,057,141
4,240,141
3,443,925
68,238
12,477,742
9,774,693
1,663
1,065,188
1,169,956
2,243
5,218
46.059
45,175
1,036,477
75,120
1,400,884
1,132,261
inc.
—:
Total
.
364,407
.
From
.
■'
.Electric Co.:
-
subs,
From
sub.
consol....
sold
April 30,
Other
as
■*
1,034,233
;V;
of
1946-
...
income——
Total inc.
;
(parent co.)
13,588,991 " 10,989,824
Total parent co. income
and undistributed net
income
subs..
of
taxes
and
17,829,132
14,433,750
exps.,
:
24,716
26,302
333,646
324,921
1,105,959
83,441
17,495,486
825,939
14,108,829
1,025,041
r
Issue
Page
Stock
Exchange
(Stocks) t-.
—1729
New York Stock Exchange
(Bonds)___.
New York Curb Exchange.——
—1740
Baltimore
364,407
This
Stock and Bond Quotations
Boston
inc.
Income of American Gas
Gen.
cotton
/H-:/.'-
omitted above
in
nearby Linden, N. J.
where it has been operating for 7y2
years
according to Sidney J. "
Allen, President.
Two other plants are ooerated in
Detroit, Mich.,
one
in Plymouth,
Mich, and one in St. Louis, Mo.
An increasing
demand for its products has made it
necessary for the company to
expand its manufacturing operations.
The
of subs,
trimmings and when
company's earnings.
modern one-story brick and steel structure,
containing 140,000 square feet of manufacturing space. The site, con¬
sisting of 29 acres on New Brunswick Avenue, was purchased from the
Pennsylvania RR.
The construction contract has been awarded to
inc.
—
Undistributed
auto
a
•
net
above
as
Inc.—Building New Plant—
In
-
966,295
and ~
Gas
Undistributed
Allen Industries,
* '
'
1,330,702
_
Electric Co.—
s
It
is announced
that ground was broken on
Sept. 30 for a new
$1,000,000 plant for this corporation at Rahway, N. J.
The plant is
being built to manufacture a new diversified list of items, in addition
com-
stocks
consolidated-
"""American
164,
Vy.
for
common
195,381
New York
Md.,„
Hybla Valley at Alexandria, Va., where Air Pick-Ups and deliver¬
made and thence back to the National Airport.
Operations '
conducted
254,494
stocks
on
at
——
earned
mon
Divs.
were
were
p.
Airport
,
net inc.
stocks—
Divs. on pfd.
especially equipped for combination Air Pick-UpFassenger service was introduced to the public by this corporation
in a series
of 18 demonstration flights on Sept. 25 and 26 at the
National Airport in Washington.
.y.y'Hy
The
of
Stock
Stock
Exchange-
and
Federal
Divs.
mon
—V.
pfd.
earned
164,
1,376,168
dducts..
income
on
Bal.
:
misc.
48,090
taxes
48,871
703,602
630,069
140,767
1,608,459
1,689,209
1,219,189
for
—1750
Chicago Stock Exchange
..1750
Cincinnati Stock Exchange——. ..1751
Cleveland Stock Exchange.——„„—. —1751
Detroit Stock Exchange—
-1751
Los Angeles Stock Exchange———
Philadelphia Stock Exchange.—
Pittsburgh Stock Exchange—
883,070
14,357,485
—1751
—1752
..1752
St. Louis Stock Exchange———————. —1752
Montreal Stock Exchange...—.———. —1753
Montreal Curb Exchange...
—1753
Toronto
Stock Exchange
..1754
;
Toronto Stock Exchange—Curb Section.. —1756
Over-the-Counter Markets
—1757
Transactions New York Stock Exchange. —1740
Transactions New York Curb Exchange.. —1740
Stock and Bond Averages
..1740
10,764,509
...
com-"
stock
p.
Crl,320
60,017
stock
..1750
Exchange:.
—
Balance
Int.
—1745
Miscellaneous Features
1077.
General Corporation and Investment News_1731
SPECIALIST IN
State and City Bond Offerings and Sales
CORPORATE FINANCE
:
SECONDARY MARKETS
Municipal Bonds
Foreign Exchange Rates
MUNICIPAL DEPARTMENT
Condition Statement of
GEARHART & COMPANY
qAllen
&
Company
Established 192%
4
y <
:
J
i
*
30 BROAD STREET
Telephone:
HAnover
2-2600
NEW YORK 4, N. Y.
Bell
Teletype: NY 1-573
Telephone
REctor 2-3600
Federal Reserve
Association
•
'
STREET, NEW YORK 5
Philadelphia Telephone
Enterprise 6015
....1759
*
Bank
—.1759
Condition Statement of Member Banks of
INCORPORATED
Members New York Security Dealers
45 NASSAU
1769
Redemption Calls & Sinking Fund Notices—1759
Dividends Declared and Payable.——
1760
The Course of Bank Clearings...————1758
FLORIDA & NEW JERSEY
.
,
Bell Teletype
New York 1-576
Federal
Auction
Reserve
Sales
System
1759
1759
WMowcal
LIBRARY
—wiry, op men
Eeg.TT, S.Pat. Offlee
New York, N.Y.,
Number 4531
olurne 164
General
RAILROAD
Lahoratories-rAbout 93 % of Pfd! Redeemed—
Abbott
•
Corporation : and Investment News
PUBLIC UTILITY
■
"n for
recently :ca!led- for redemption on Oct 15, 1946,
at $107 per share, plus dividends of $1 per share, payment to be made
at the Guaranty Trust Co. of New York or at the City National Bank
Jj Trust Co., Chicago, 111., at the holder's option.
Immediate payment
is being made upon presentation and surrender of the preferred shares.
the
redemption
Total
sales
net
for
Fed.
net
profit—
member
the board
of
August— ,1946
from
ross
from
directors.—V.
of
164,
Alton
Gross
1945
'
et
from
.
$1,483,357
$1,833,248
ry.
697,441
76,762
110,956
155,833
287,788
-
271,655
Alabama Power
July
Co—.Earnings—
1946—iJonth—1945
31—
$2,781,944
1,046,886
revenue—
perating
expenses
for
depreciation—
orfc. of plant acquis.
adjustments I
'
ov.
■
Fed. inc. & exc.
Gross
Ink
&
prem.
ther
\
v
.
$813,682
—
long-term debtof
debt
disc't,
Amort,
/
$816,434
240,101
244,416
•
•
oh
preferred
Approp.
to
spec,
2,624,451
,
a
new
journals.
COMPARATIVE
contract
79,084
The
for
of James Stewart
construction
Other
Cr911
42,942
of
the
$6,958,242'
2,268,988
133,333
266,667
1,414,279
$247,106
$3,685,599
$3,274,978
4
income
$
prof. taix__
'-A——
^
Int.
$
730,651
1,070,722
$
8,693,075
13,288,256
10,516,606
585,298
174,523
857,254
2,158,625
32,147
2,789,533
24,247
8,293,855
13,437,316
6,984,324
4,717,792
10,133,910
886,387
;
874,288
income
-
income
2,190,772
10,089,210
549,261
30,252,774 : 32,997,614
.
402,080
303,576
30,654,855
6,695,952
2,813,780
569,524
funded debt
on
32,520,644 137,065,275 136,673,728
12,707,027
54,795,105
53,532,748
3,322,778
11,790,933
21,521,781
2,396,680
11,052,889
9,718,659
2,573,770
10,433,562
10,825,620
11,520,389
170,069
48,992,786
41,074,920
421,529
533,161
11,690,458
49,414,315
41,608,081
2,745,350
etc.,
plant
6,572,163
16,348,856
402,934
286,451
1,616,826
4,831,844
31,448,633
33,301,190
de¬
to
franchise
138,599
6,613,682
divs.
to
public
Balance
Portion
equity
Int.,
of
co..
*Fuli
earned
25,668,423
16,792,333
2,434
111,639
24,542
3,436,988
25,556,784
16,767,797
5,164,731
v 34,800
3,436,988
106,412
25,556,784
16,767,797
316,391
388,230
3,543,400
25,873,175
17,156,027
Light Co.—
(as above)—
,
.
130,79G
529,356
172,999
557,833
40,376
217,791
4,878,876
2,814,395
24,295,346
deductions
—
taxes
dividend
or
f 5,793,386
3,439,422
5,164,731
subs.——
Balance
,.5»
22,585,725
In
—
etc.,
—-
31,289,333
1,392,422jW 5,620,910
32,675
Expenses
Income
159,300
4,831,844
mi-
Other income
Total
950,244
22,585,725
5,199,531
147,656
equity
income of
Net
1,416,276
-—5,197,406
applic. to
interests
nority
*
from
or
reserve
Balance
♦Pfd.
18,072,112
acqui¬
adjustments—
Transfer
9,529,731 112,149,649 115,902,699
3,321,747
38,423,337
39,337,885
*
-
income
Gross
requirements applicable to
unearned.
tWhich
would
be
479,711
830,682
2,240,326
i;,
255,933
14,180,057
respective periods whether
carried
to
consolidated
earned
surplus, if there should be excluded the net effect of extraordinary non¬
recurring tax reductions and related special Charges.—V. 164, p. 1582.
6,983,238
'
Special charges for debt
Balance
—V.
$450,960
163, p;
£485. AAA
7 "7-_
:
\
~
."..77AU American Aviation, Inc.—Introduces New Service.
-
The
first
Passenger
in
a
airplane
service
series
of
.
especially equipped
was
18
.
introduced
demonstration
for combination Air
the
to
flights
ational Airport in Washington.
'
'
,
Pick-Upthis corporation
25 and 26 at the
on
Sept.
Other int.
of
902,224
pfd. stocks—
on
299,258
400,690
3,994,945
9,922,695
254,494
3,053,933
3,126,115
982,478
15,884,580
11,660,187
12,155,238
4,224,393
3,270,063
7,341"
31,377
inc.
net
608,064
&
24,940
24,936
and deducts-
Reservations
Divs.
plant-
adjusts.
254,494
195,381
310,457
Bal.
earned
for
-
com-
stocks
mon
ilights were over a 26-mile route, originating at
Airport and proceeding to Hyde Field at Clinton, Md.,
Valley at Alexandria, Va., where Air Pick-Ups and delivermade and thence back to the National Airport.
Operations
Divs.
on
'
Stock and Bond Quotations
-
1,330,702
stocks
common
966,295
8,885,174
New York
National
were
ere
.
elec.
acquisition
,
nd Hybla
es
of
Amort,
325,493 A<
72,776
—
public' by
The demonstration
he
retired
;
.
conducted
at
an
average
549.V:|;v7•'A
speed
of
175
miles
.
:":r'
hour.—V.
an
•
Undistributed
of
American
164,
...
net.
inc.
consolidated-
subs,
and
Gas
Undistributed
"
'
982,478
364,407
4,224,393 1
net
inc..
of subs, omitted above..
Total
74,662
15,748,^
1,057,141
364,407
——
Income of American Gas
4,240,141
3,270,063
3,443,925
;
From
sub.
sold
AprU 30,
,
Other
(parent co.)
Total parent
and
undistributed
of
income
Gen.
Balance
Federal
Divs.
misc.
Bal.
pfd.
13,588,991
.
17,829,132
14,433,750
24,716
26,302
333,646
324,921
-
17,495,486
60,017
1,105,959
83,441
Crl,320
" 140,767
;; .703,602
1,608,459
14,108,829
1,025,041
630,069
1,689,209
883,070
14,357,485
$
-
Toronto. Stock Exchange
10,764,509
Toronto Stock Exchange—Curb Section-,
1,376,168
48,090
L
48,871
825,939
:y
Over-the-Counter. Markets
.
;
.
—
Transactions New< York Stock Exchange
.Transactions New York Curb Exchange!
Stock and Bonid Averages---!--—------
com¬
stock-—.-
1077.
p.
St. Louis Stock Exchange—.
{ Montreal Stock Exchange
} Montreal Curb Exchange-
-.'rii-y
'
.1,132,261
taxes—.
stock
earned tor
mon
—V. 164,
75,120
45,175
10,989,824
1,219,189
dducts.-,
income
on
Pittsburgh Stock Exchange
46,059
> '
I_
-
*■
1,400,884
exps.,
—
-
Philadelphia Stock Exchange
1,169,956
.
:
and
9,774,693
1,065,188
'
net
Int.
,
net
subs
and
taxes
Cleveland Stock Exchange
12,477,742
1,036,477
income v
co.
Cincinnati Stock Exchange
'~:A5,218
L2^243
i
^
1,663
\\
,
1946™—
income
•."* Total inc.
68,238
1,034,233
of
as
"
i Detroit | Stock Exchange—
'■H Los Angeles Stock Exchange
"
subs, consol
From
—:
Chicago Stock Exchange
"
173,861
Electric Co.:
.
(Stocks)—.
(Bonds)
Boston Stock Exchange
inc.
net
Exchange
New York Curb Exchange—i———,
Baltimore
StockExchange
AA-A.
......
above
Undistributed
Stock
New York Stock Exchange
982,478:
364,407
Electric Co.—
as
.
,
r>.
.
.
Miscellaneous Features
.
General, Corporation and Investment News-1731
:(iiiV;s
specialist in -r®'' aiwajxs&x-
State and City Bond Offerings and Sales—-1769
Redemption Calls & Sinking Fund Notices—1759
CORPORATE FINANCE
S FLORIDA & NEW JERSEY
Municipal Roods
Dividends Declared and Payable-;
SECONDARY MARKETS
'
The Course of Bank Clearings
■
Foreign Exchange
municipal department
| GEARHART & COMPANY
•
/
q4llen& Compan y §|
Established 1922
30 BROAD STREET
Telephone:
HAnover
:
A
2-2600
>
-
i
Rates
1760
——1758
1759
Condition -Statement of-
'
,
A;'
'AA
NEW YORK 4, N. Y.
I Bell Teletype:
NY 1-573
A
v
'
*
>:
v
INCORPORATED
*
'
'
■
Federal
-
^Members' New York Security Dealers Association
A
45
Telephone
REetor
J
AA
jDr26,386
(net)
of
American Power &
1946—12 Mos.—1945
$
>v
778,199
1,123,527
865,345
taxes.*
taxes
Other
A$
•;
9,900,565
Balance
INCOME
76,672
$6,016,753
2,064,486
1946—12 Mos.—1945
A$
2,631,175
(net)
public,
ductions
(& Subs.)—Earnings—
OF COMBINED
3,593,164
Depreciation
92,680
$569,521
189,082
A
-
to
Int.
Niles, Ohio, for the manu¬
contract calls for
a
one-story
9,393,150
—
excess
:r
.
9,926,951
revenues—
income
Gross
at
1946—Month—1945
revenue™
Maintenance
Federal
fit'-U-
6,752,281
oper.
Other income
Building Contract
engineering firm
plant
STATEMENT
Period End. July 31—
$9,005,688 $10,034,329
.2,866,908 . 2,906,734
13,521,999
4,436,055
2,768,918
J
•
Co.—Earnings—
* •"
33,285,093
Property retirement and
deplet. res. approp—
Net
.
105,000
prop,
tteerve
Co.'s
Subsidiaries Consolidated—
8,301
stock
and
American Gas & Electric Co.
Operation
$.
taxes
Amort,
structural
Operating
Dtt.
2,643,107
———
$555,960
-
Ntft income
8,430,691
3,181,520
awarded
Shoe
railroad
Operating
7,723
8,034,826
•
-
'
1946—3 Mos.—1945
Operating revenues
Operating expenses
shop,
3,091,134
31—
Subsidiaries—
Net
.
'
.
Period End. July
!
Fed.
5,004
expense
deductions
801,973
♦1,929,878
1581. *
been
has
of
13,543,062
3,371,834
4,211,648
25,244,176
foundations.
machine
585,193
2,992,117
476,945f
44,695
25,434,180
steel frame with reinforced concrete footings
Area of the plant, which will house a foundry and
will be approximately 38,000 square feet.
Work on
the structure is already under way, and
when completed 'the plant
will be operated by the National Bearing Division of American Brake
Shoe Co.—V. 164, p. 1077.
and
11,920,108
3,521,627
-
24,944,076
10,482,578
2,910,171
*56,758
19,208,254
construction
Brake
of
building
>
48,766*
583,443
prof.j A'
income—
on
1946—12 Mos.—l945
1,097,010
280,845
Inc.
facture
$2,671,235 $32,236,383 $32,664,812
289,165
General taxes —1
Co.
&
New
American
14,266,404* - U,935,336 i 15,369,449
5,100,910,
6,059,319
7,548,495
1,126,796
1,326,370
1,819,417
1,172,391
y
572,050
$3,291,750
1,488,462
265,172
>
1—
York
The
1
income—
344,727
1943
$3,341,097
1,038,484
219,000
American Brake Shoe Co.—Awards
1,005,143
7,430,745
1944
.
.
-
Other taxes—
"
1945
$2,888,157
income
oper.
-
'
•
American Power & Light
Federal
J
$2,561,255
from
railway
Net from railway
Net ry. oper. income
♦Deficit.—V. 164, p.
$1,992,566
394,231
railway
Period End.
during both
-• ■
"V
.
-
'
President of the Coca-Cola Bottling Co. of New
elected a director to succeed Walter G. Dunnington,
elected a director of the Bottling company.—V. 164,
"
'
Murray,
been
1582.*
sition
*V, 164, p. 1197,
ross
times
T.
has
who
p.
1,804,882
e g
American Ice Co.—New Director—
James
1944
■
205,810
railway
"et ry. oper.
$3.89
1946
from
Gross
269.
(
1944
From Jan. 1—
from
$6.32
RR.—Earnings—
railway—
Net from railway
.Y., has
p.
$1,285,214
railway
railway
et ry. oper. income.
ross
13,981,728
2,062,722
$0.84
August—
Net
Alabama Great Southern RR.—Earnings—
Net
1,794,794
,1,804,882
$1.94
Copy
MISCELLANEOUS
-
York, has been
8,067,393
2;062,722
share
From Jan.
Patrick, attorney at 44 Wall ; St;,' New York, N
a
61,401,643
61,401,643
5,094,794
3,300,000
♦Excluding the sales of stores not owned at all
periods.—V. 164, p. 270.-
Aero Chemical Products Corp.—New Director^—
elected
$
.
315,125,568 263,720,329
312,709,109 262,279,422
30,481,728
26,267,393
16,500,000
18,200,000
-
\ 4,196,300
shares
per
$A!.pAA;i:
.
6,696,300'
2,500,000
tax.
-
1946—12 Mos.—1945
of 4he' company,
capitalization
Joseph. A.
been
taxes—
est.
Consol.
Earns,
'
80,137,757
Fed,
Common
$
80,137,757
sales
bef.
Prov.
after; the retirement" -of -this
referred stock, will consist only of common shares without par value,
f which
3,000,000 are authorized and
1,869,907 have been issued
nd are now outstandingly,. 164, p. 1077,
The
net
♦Total
Prof.
about the
deposited at or
were
1946—3 Mos.—1945
•>
time the
call was issued and..made,available to all preferred stockholders turning'
in their shares on or after Sept. 4.
for
INSURANCE
-
Allied Stores Corp. (& Subs.)—-Earnings—
These shares were
Funds
INDUSTRIAL
■
Period Ended July 31—
announced on, SepC30 4hat 27,975 of the ,30,000 outstanding
of 4% cumulative preferred stock, par $100, have been turned*
redemption, or about 93% of the entire issue, .r, ,
It was
shares
Price 60 Cents, a
Monday^ October 7, 1946
2-3600
NASSAU
:■
STREET, NEW YORK
Philadelphia Telephone
Enterprise 6015 . ;
.
Bell Teletype
New York .1-570
Reserve
Bank—
*
<,
--1759
Condition Statement of Member Banks of
A; Federal
Auction
Reserve
Sales
—
System—
—1759
1759
Baltimore Transit Co.—Earnings^-' "*
Afrlfatfs, inc.—Stock. Offer Ap-
Overseas
American
;
;■
^
'period End. July
approved Oct 1 a plan to offer .25,950 zhiares of
mon stock to 103 top supervisory
employees At $12 a share. The offer
is good until Oct.
16. The stock may be bought for cash or under
p. a three-year financing arrangement in which the Chase National
The directors
•><.
v-cC
•
«'•
••'".'•v'-v/--
•*, :,*v .*•
■■
Operating
Operating
Co.—Telephone
Fixed
because
of
to
For
talk
three-minute
a
to
-
''
Net
GI
a
V-E Day, the announcement
Rent
ry.
Uncoil,
rev.
oper.
•
1946—7 Mos.—1945
'
:
income
Inc.-
$
$
•
Operating
Operating
Operating
t,
Net
expenses
taxes
Net income
—V.
2,181,750
1.503,125
operating income
164,
—
1,598,453
383,823
,
Power
164, p.
of -this
properties
of
company
certificates
In
i64,
^
$444,438
.
The
of
of
80%
than
more
into
new
stock
preferred
6%
have
the management shares which Col.
purchased upon reorganization of the predecessor company'
Botany Consolidated Mills, Inc.-^-V. 164, p. 1078.
Brazilian Traction, Light & Power Go.,
■
(Expressed
*
that the plan can be declared
so
described
As
-
in
858,625
retirement
'$2,967,973
$2,747,229 $18,124,425 -$17,804,725
•
786,040.
813,996-,
$2,075,547
11,203"
—
i
23,324
"
income
Gross
Net interest
"
$1,489,513
353,682
"
income
Net
—V.
—
Bucyrus-Erie Co.
stock instead
common
version two shares
preference stock.
that
,
$1,632,236
possible
order.
it
is
this
*p.
>
least $5 per share will
the recapitalization
1
1078.
plan
Prov.
Net
from
1944
$895,025
183,402
447,257
339,319
*7,346
71,519
103,664
67,263
6,075,295
2,894,512
6,978,028
8.642,128
6,564,420
3,454,011
4,960,514
1,168,441
755,380
1,154,779
•
1943
Net
August—
Gross
.Net
Net
;
railway
railway-
ry.
oper.
income
rii :Gross
1944
1943
$521,305
$521,051
$540,101
112,460
136,887
167,948-
64,491
Excess
57,164^
from
railway—3,908,246
i395,756
railway
ry. oper. income—
63,643
4,138,175
3,931,119
Net from
%
982;663-
501,223
♦Deficit.—V.
•'.tSik-
•
Bankers
will
569,659
certifictaes
1,
gold
bonds
•field in
—V.
'Okt
;
to
the
163,
'
sufficient
to
at
not
prices
exhaust
the
exceeding
sum
105
of
and
August—
Gross
Net
ry.
payable
Gross
cents pet share has been declared
Oct. 21 to holders of record Oct. 11.
on
the
common
A
like
<
'
P. 1278.
ry.
&
West Point
RR.—Earnings—
i
1945
$466,178
$503,369
$473,011
63,659
149,555
26,630
191,215
38,362
1944
1943
Net
ry.
2,618,654
railway—
oper. income—
p.
222,476
100,506
3,804,935
1,450,244
266,345
Subs.)—Earnings—
i
expenses——-I
Taxes (incl. Federal income
tax, 1946—$439,000;
Jt;
^ 1945—$1,152,800)
Insurance
and miscellaneous reserve
"
.
•
Intangible development costs
"Depletion, lease amortization and abandonments
Depreciation, retirements and other amortiz
:
Net
Ron-operating
(net).
Income before interest
:Interest
charges'
charges.
—-
.
Income
applicable to minority" interests.
Dividends on preferred stock—.
Balance applicable to common
stock.
Earned per share of common
stock.
-hr
1945
il9|
5,088,058
530,008
3,980,222
1,802,519
3,612,574
1,967,900
5,129,647,
7,094,131
4,880,762
610,293
5,491,055
526,596
220
479,600
4,666,507" "
296,000
4,667,945
'
$1.75
$1.75
New Assistant Treasurer—
,
i-r
v
Trade
—r**
by the company
since
As,s'5'a»t
xreasur
He has been
1929.—V. 164, p. 1199.
its
is expected to
amount to around
car
12,467,864
•2,453,201
Accrued
2,992,211
1,206,415
Accrued
30—
1946
1945
Miscellaneous
•
:
—
'
(est.)-.
.1326,1533.
5,875,000'
Milk
H.
election
of
has
executive
Division.
of
the
and
related
°ivision.
board
of
activities:
He
-
succeeds
Robcliff
directors.
V.
is
in
charge
Jones,
who
"
,
of
the
The
Ice
remains
1
'
.
-
stock
om
•
fluid
milk
outlet
in
addition
to
its
ice
cream,
Sd^iinntaArimh?! ?, tJlat cityi Plans has beenbeing drawn and
Administration approval «re.now
secured for
bids
house both
roof.,
one
approval
been U^'01nf Florida> CPA milk
asked for
modern
and
have
a
.!
.
■
cream-
stockholders
modern
1
plant
in
ry.
August—
ivc
wcam
the
on
piunt
m
Gross
,
Is
being
Net
;
be
erected.
■
-
The
fcnd
company
Liquid
I
to
will
415,456
"increase
and
shares
the
the
shares
par
value
of
com¬
will now
has
been
made. to
the
Secretary of
State
the action.
of
Illinois
v
»y;'
<
,
•
.
^
-
V
'•
/'
1946
$250,691
oper.
1945
1944
1943
$247,104
$297,521
38,356
56,675
112,235
$216,370
84,605
*18,532
5,478
59,689
45,501
589,173
2,192,479
801,519
159,402
railway
railway—^
396,825
1,916,497
718,699
393,054
1,974,605
'• 731,122
418,239
income—
>
from
from
railway.^
railway——
income—
* Deficit.—V. 1&4,
;
2,259,316
p. 1199.
Kankakee,
111.? new soybean elevators at Fort
completed this fall;* and at Waterloo, Iowa,"
jvators
have
increased
the
capacity of the Soybean;
J: division. .In Boscobel, Wis., a pew whey, plant will
coffee
is
Hemo
:
also enlarging
plant
■
at
and
Newport,
v
,
J
improving our
N. Y.—V; 163,
;
.
>
$35,698,754 $41,223,296
the splitting of the common
Hathaway, Chairman of the
approved
Stewart S.
action
-i;V"
California-Pacific Utilities Co.—-Securs.
Approved—
The
to
sell
California
Railroad
$1,670,000
of
.
first
Commission
has -Authorized
the
company
mortgage bonds,
Series B, due in 1971 and
competitive bidding. The Commission
stated it expected the company- to receive
par value on the bonds and
,
33,610 shares of
p-'3279-
record
from
'Net ry. oper.
vegetable protein
at
of
27
basis,
Th.'s
From Jan. 1—
iviuwau
cheese
plant at Plymouth, Wis.
Elsewhere Borden's construction and
improvement program is prog¬
ressing satisfactorily.
At Bainbridge, N. Y., operations have
begun
in the new adhesives
factory.
In Oklahoma, City, the modern fluid
milk plant will open shortlv.
Work has started on
plant
Sept.
•
th(
aiiu
:
:—
share.
v
Net
are
fluid milk
1,416,987
257,407
40,297
5,444,7006,176,095
5,585,973
11,169,171
Burlington-Rock Island RR.—Earnings—
in
new
announced.
.
from
abeyance'
on
two-for-one
a
stock
Net
a
1,001,568
4,444,500
6,176,095
5,"585,929
11,350,755
—
—
Gross
shortages have delayed work
12,000
Announcement will be m ide by the company concerning the exchange
of shares and date of issue of the new
certificates in exchange for
the present $12.50 par shares.—V. 164, p. 1327.
has been given and
ice
93,814
2,839,734
696,811
contingencies
•—
Miami.
Both of these
operations in this city are at present inade^
quately housed in separate plants, and the new
building will supply
ample space as well
—
•
..
wu»i"lu supyiy
of
other
'
operations under
'
(par $5)
Application
.
Civilian
a
that will
stock
for approval of
operation
Production
plant
and
surplus
surplus
on
pany's
""
The "recent acquisition of the Borden family is the Southern
Dairy
Co., Inc., of New Orleans, fluid milk distributors
gives the
a
royalties
246,968
be $6.25 per
Products
.company
2,354,966
and
61,454
company,
Acquisition and Building Plans—
.
37,045
_
Buda Co.—Split-Up of Stock Approved—
.
-
Mr.: Wooster
100,728
290,154
58,873
8,179,709
v
79,883
26,591
-
Manu¬
Mr-. - Leicester, President of
the
Casein Co. of America Division, has executive
supervision of adhesives.
casein
282,718
95,427
330,994
sitiraCiUViV16^^^equity in undistributed earnings from date
Vice-Presidents
Leicester and Roy D.
direction
.264,961
payable
taxes
Post-war
"
-
$1,112,436
$1,117,295
preferred stock
Earned
three
Gurley, William F.
now
Products
accounts
Tctal
the
seen
$35,698,754 $41,223,296
$1.39
•
$6,147
*25,916
' 1,798,320
1,190,421
4,893,872
-6,838,510
•
commissions
Common
•Capital
have
-
Other
•
15,075,000'
8,875,000
$2.10
1,190,4214,985,511
6,838,510
•
Insurance
7%
11,135,471
3,255,875
9,151,726
417,000
217,129
payrolls
payroll deductions for income taxes
Reserves:
1945
143,377
Addit. costs of contracts invoiced to customers.
Advance payments on sales contracts
$
235,052,196 220,392,552
15,475,000
20,950,000
6,600,000
the
new
$7,500,000.-
-
payable
Dividends payable
3,334,139
(est.).
months
Equipment
!S?ncrCOi« conation _HHder.stood»
with
te^Ptenning an equipment trust
purcna*
The
issue
offering in
,—to
'
$2,927,031
<13,288,545
- ;
20,691-
to21'
purchase contracts
traveling expenses, etc.—.
on
—
Accrued
will
TrustUfeue-& °h'° RR'~Reported Planning
receivable—*-
accounts
13,550,118
.
4,314,455
122,223
5,672,435
526,108
notes
1
LIABILITIES—
486,519
2,432,962
per share-
Recent;
the
4,770,166
902,269
income
opera
1946'
$2,753,352
3,898,478
1,945,733
-
—
2,197,573
"
income
factured
103,662,835
83,543,603
serial
„
,
12,478,746
r_,—
Net
$
operating income
Costs, operating and general
W
1,018,649
Co.—Earnings* etc.—
company—Willis
Wooster,
Mr. Gurley
Gross
■
-Total
New Vice-Presidents—
335,719
1946
and
to
SHEET, JUNE 30
•
1199.
p.
Taxes
of
Months Ended June 30—
BALANCE
^
Ruston-Bucyrus, Ltd
assets
2,203,932
Profit before tax accruals
1,607,180
1326.
Atlantic Refining Co. (&
6
Other
$2,216,047
779,847
553,516
3,513,263
■
;
164,
Earnings
3,628,350
1,181,901
244,130
securities-
payments
Accrued
44,447
Jan. 1— "
l-V. 164,
357,729
190,064
370,565
217,500
demand deposits
insurance,
9,158,689
1,656,146
income—
220,183
32,"717
from-railway—
,
railway-
railway
oper.
Borden
.
r
992,548
Sales
1946
from
CONSOLIDATED
(Ruston-Bucyrus, - Ltd.,1 com. stk.)
Property, plant, and equipment (net)
Goodwill." trade marks, and patents.
1943
$2,143,780
$681,215
$11,350,754 $11,169,1
.
and
accounts
from
Prepaid
$
$370,872
from
railway
f ? Net from railway
Net ry. oper. income—
.
1,306,694
Six Months Ended June
Net
1944
$1^13,785
390,372
11,049,085
-
.
'
States
Advance
amount
—V.
;
August—
Gross
V'
from
from
Net
•
Atlanta
1945
$2,414,236-
'
income
oper.
Net
was paid on May 31, last, and oh May 10, Oct. 1 and Dec. 31, 1945.—
*
railway
railway.
from
Net
$34,825
interest.
■
of 25
$531,688
11,562,689
155,557
370,565
surplus, June 30
hand
on
Trade
RR.—Earnings-
1946
from
3,290,000
$12,094,378 $11,730,301
Inventories
Due
From Jan. 1—
,
JJYi 163,
,
fund,
Athey Products Corp.—To Pay 25-Cent Dividend—
stock,
■n*
^
Bessemer & Lake Erie
2431.
■
A dividend
;
amount
an
120,000
107:900
of
United
with
or
441,623
36,882
income
on
$4,532,838
312,827
♦Investments
Trust
sinking
p.
and State taxes
COMPARATIVE
permanent - certificates; that beginning Oct. 11,
1946, only permanent certificates shall be a delivery.—W 163, p-. 2719.J
Co., trustee, 16 Wall St., New York, N. Y.,'
or
prior to Nov. 1, 1946, receive bids for the sale to it as of
1946, of first (closed) mortgage sinking fund 6V2% guaranteed
on
Dec.
$989,298
dividends
-ASSETS—
Beneficial Industrial Loan Corp.—Form of Certificate
Associated Laundries of Illinois, Inc.—Tenders—
The
796,841'
New York Stock Exchange on Sept. 27 directed that deliveries of
cumulative preferred stock, $3:25 dividend series of 1946 (convertible),
up to and including Oct. 10, 1946, may be made either with temporary
"1,174,111
164, p. 1198.
iy'i. •§ .: "i
v..
'
:
:
3,132,475
Cash
3,978,333
940,010464,520
-
6,134
dividends
Earned
♦Deficit'.—V. 164, p: 1199.
-
67,665
\1,532,045
350,000-
redemption price over par value" of
10,000 shs. pfd. stock redeemed April 1, 194G_
52,815
"
1945.
Net
>
railway--—
railway
Net ry. oper. income—
;
From Jan. 1-
i
1946.
$457,149
26,092
* 15,864
from
from
from
from
$4,459,039
92,867
surplus
Common
From Jan. 1—
Gross
"
.■;
$546,431
—
earnings for six months ended June 30—
surplus, January 1
Preferred
$822,932'
1945
$5,991,085
investments
income
Total
1945
$593,660
85,575
railway
from
railway——
Net ry. oper. income—
"
V
1946
$461,339
August—'
Gross
the common
consummated.—V. 164,
Ann Arbor RR.—Earnings-
m
from
for Fed.
•Net
be- paid on
is
164.
$2,163,0681,616,636
—
Earned
stock instead of each full share of prior"
charges.—V.
1946
—
selling expenses
Deprec., including amortiz. of emerg. facilities. '
interest, discount and miscellaneous (net)
Contingency reserve
Beaumont Sour Lake & Western Ry.- -Earnings—
It has been announced by directors of the" company
if
year
and
possible.
as
capital
Interest, discount and miscellaneous (net)—_
Res. for-post-war & oth. conting. rest, to inc.-
always
alphabetical
alphabetical
arrange
and
(& Sub.)—Earnings—
sales
Operating profit
Income
not
companies in exact
However, they are always as near
to
position
'
reasons
from
admin,
Total
exchange and who wish to hold
prior preference stock may received by con¬
common
dividend of at
a
stock
of
of
income
G.eneral
164. p. 822.
NOTE—For mechanical
amortization
6 Months Ended June 30—
Preferred stockholders who make the
v'v
earnings
♦Subject to depreciation,
552.
♦Gross
$2,086,750
454,514 '
$1,135,831
and other deductions
1946—7 Mos.—1945
850,238
the
•
$5,702,533 $41,929,183 $36,560,162
2,955,304
23,804,758 ,18,755,437
p.
$1,466,189
reserve
operating revenues
Other income (net)
President,"
-
Ltd.—Earnings
Currency)
3,887,254
♦Net
effective."
•
S.
1946—Month—1945
"
531,909
868,747
Net
prospectus dated Aug. 16, 1946, the plan provides
that preferred stockholders will receive for each share of preferred
stock now held V/z shares of new $4 prior preference stock and $8.50
,
U.
$6,855,227
^
taxes
a
'H in- cash.
in
Period End. July 31—
Gross earns from oper._
.
1946
1945
$12^854,501 $12,760,955;
8,874,900 " 8,489,265
operating revenues
Property
for Deposits—
i: "Over 50%
of preferred stock has already been deposited and from
the indications given by other stockholders of intention to deposit, it is
anticipated that sufficient stock will have been deposited on or before
Oct. 23
represents
-
converted
states:
I f:
stock
B
4%
Operating expenses
Oct. 3 notified preferred stockholders and holders
deposit for preferred stock that the period within)
under
Class
Johnson
1199.
p.
announced that "the future
later to refinance and this is as good'
or
company has outstanding 134,530 shares of $1.25 cumulative
stock, with a par value of $10 a share and a redemption
liquidation value of $25 a share, Its other issues are 226,887 shares
outstanding of Class A stock with h par value of $5 and a redemption
or. liquidation value of
$25, and 50,000 shares outstanding of Class B
stock with a par value of $1 a share.
Botany has outstanding a loan
from the Reconstruction Finance Corp., amounting to
$2,374,220 at the
end of last year.
: v
'
'
365,664
$173,083
$6,187
K
President,
sooner
or
$310,102
359,750
-
-
Other taxes
letter to the preferred stockholders, Moses Pendleton,
a
$99,473
^
1
$532,833
$51,465
45,278
44,746
Johnson,
any.
The
,
24,868
"
$54,727
:C
H.
F.
it necessary
as
preferred
11,357
•
-
12 Mos. End. March 31—
.
Total
..
deposits of 7%
preferred stock will be received
recapitalization plan has been extended to Oct.- 23*-1946.
,
the"
for
Company
which
>
";
•'
-
^
152,656
160,134
131,359
Operating expenses—
on
of
4,805
f!fd.
for
shares
Federal
■
The
1,188
(net)
$403 472
"
.
146,13.1
.
taxes
Birmingham Electric Co.—Earnings—
:
1946, totaled 90,976,000-kwh., an increase of>
77,545,000 kwh. for -the corresponding week
American Woolen-Co.—Extends Time
'
83,828,335
1582.
:■
*1
electric
the
28,
Sept.
:oi 1945.—V.
$785,244
preferred, it was announced on Oct. 2. Of
the 21,799 outstanding shares,
17,500 have been converted and -the
rest is being redeemed at $110 a
their
the output of
over
$521,478
1,771,584
share.—See^V. 164, p. 415.
of
output
ended
17.32%
$46,630
income
Holders
Inc.—Output-
American Water Works & Electric Co.,
1 week
$55,915
avail,
Chas.
time
a
Bangor Hydro-Electric Co.—80% of Pfd. Exchanged
r
13,844,676'-
19,608,701
92,912,322
1582.
p.
income-
♦Deficit.—V.
18,935,895 127,012,803 138,677,253
11,603,218
85,115,993
78,025,059.
5,734,224 22,288,109
46,807,518
17,444,920
12,076,807
3,186,363
revenues
$693,320
91,924
charges-*.
Net
.
$493,050
28,426
charges
Fixed
18,981,775 127,395,528 139.087,777
45,880 v?';- 382,725
410,524
48,159
55,131
$10,916
35,744
oper.
f
; i
In view of all this, negotiations and study of refinanc¬
ing have been under way for Some time past, and it now looks as
though Botany will be able reasonably soon to discuss
refinancing
plans with our stockholders."
,.
4,710,903
YEAR TO DATE
$
$
: 17,493,079
revenues-.™
5,057
»
the
May Soon Discuss Refinancing Plans—
Col.
*'$93,866
37,951
547,160
include
r_
security
will make
$7,175,807
$7,251,375
6,157,933
600,842
'67S&28
$1,453,307
reflected above
Depreciation.
;
(net)-—
income
Net
1946—Month—1945
Period End. July 31—
Operating
$758,341
1946—8 Mos.—1945
1946—Month—1945
$591,119
$613,207
966,000
,
following:
Social
income.
oper.
Other
AND
$1,214,630
$71,790
$130,757
—
revenues.---
oper
Ry.
concluded.
EARNINGS FOR JULY
'
profit
NOTE—Expenses
*
164," p; 551.'
Ry .oper. expenses—
Ry. tax accruals
of Ame^can soldiers are stationed are
now connected by telephone with this country.
Members of the armed
forces have
made more than 250,000 overseas calls to this country
since
income
-124 792.
910,800
,y:.y;
Net
291,000
97,000
,
l-H 102,608
other-income taxes..'-i-».&_»
and
12,847',194
"2,575,'3384i-&t,823,271.
"
Bangor & Aroostook RR.—Earnings—
Ry
numbers
large
contingencies-
490,635
379,281
121,119
11,800,853.
Fed.
for
1945
$16,842,905 $16,164 729
—
sales
of
Frov.
3!!='
oSoo?}
69,840
53,749
•Period End. Aug. 31—
•
will pay
world* where
'1,660
series A debs.—
for
-jr.
GIs will have
point in the United States
any
$1,276,072
Cost
1946
74,585
Packing and shipping, selling, administrative
and general expenses, and xactoring commis.
Miscellaneous charges
;—
.
$12, the same charge as that made for a daytime
call from the United Kingdom and other European countries.
With the establishment of service with Austria,
all areas of the
Austria
In
$1,907,303
income
Total
$1,221,426
54,646
$145,501
*
$16,768,320 $16,043,61q
—
————
Miscellaneous income __--^..------v---_--_----
2,518,491
$1,8(51,466
45,836
charges—
on
Prov.
of telephone facilities in Austria and also
the difficulty of locating persons in the Zone
it Will not
possible at present to place calls from this country.
arrange for their calls in Vienna.
be
Int.
condition
disrupted
^L.961^16
GtOSS Income-
•Radiotelephone service to enable GI's In . the American Zone. of
Occupation in Austria to talk with their homes will open on Sep¬
tember 16, according to an announcement made by the company.
Service at first will be limited to Vienna, but Linz and Salsburg
in the American .'Zone will be added to the circuit later.
Because of
the
251.177
$137,556
7,945
$283,166
income!-
'
$14,539,294
10,799,377
10,275,391
209,985
Non-oper.
sales
Net
$278,013
5,153
income—
Operating
Telegraph
&
expenses
Taxes
Austria—
Service Opens With
$1,966,749
1,578,015
$1,994,933
1,506,934
revenues—
'?•
Six Mos. End. June 30—
/
^l846--Mohth4-i945 v ^
dl—
•
•
Telephone
American
1078.
164, p.
cooperate.—V.
'Bank will
r=
(Including Baltimore Coach Co.)
,
Botany Worsted Mills, Passaic, N. J.—Earnings—
;
.
.
proved—
■
Monday, October 7, 1945
FINANCIAL' CHRONICLE
THE COMMERCIAL &
??1714
about
i
$30
a
common
share
stock at
the common. The
company plans to use the
finance purchase of the Eastern
Oregon Light & Power
Company.—V. 164, p. 1589.
on
proceeds: to
t
^••
•
_.
f.
■;
THE COMMERCIAL & FINANCIAL CHRONICLE
-n^^a^iS4'aNvimber :4531
California Electric'Power' Co;* (& Subs.)--Earnings^-
-
r
1946—Month—1945
Period End. July 31 —
oper.
Canadian Pacific Railway
Period End. Aug. 31—
1946—12 Mos.—1945
$7,295,258
$6,970,697
383,085
302,139
3,846,442
950,736
earnings
Working expense
3,438,774
104,918
853,324
Net
i
revenues-
$263,912
$331,494
$2,598,080
(net)—
1,096
25,590
15,958
$269,951
$332,590
income.
Gross
——
•'
47,290
556,760
f
'•••»'"
•
109,020
686,762
751,386
$147,678
•'
$176,280
$1,380,148
$1,339,397
albums,
1946
$148,128
57-,283
Net ry.
Net
174,050
422,555
Net ry. oper. income——V. 164, p. 1327.-
.
1,087,076
410,020397,103
872.914
railway
railway—
from
1943
$130,529
41,296
$169,320
59,642
months
Statement—
56,335
83,611
in
March
3,382,310
359,158
143,939
accruals™.,
utility
plant
acqui.
adjusts
30, -1346, sales volume of records,
accessories amounted to $5,370,348.
This
Income
1943*
year
Net
the
31,
companies,
1946,
totaled
.months
same
the
gain
of
the.
For
the first
inroe. months
quarter of
1945
STATEMENT
OF
INCOME
OF
CAPITOL AND
(Inter-company transactions eleminated.)
Gross sales, less discounts, returns and allowances
ing charges to customers for. excise tax)
Cost of goods sold-—.
Selling, administrative and general expense
Camden N.. J.-—New presitfentr-
Jr,, Vice-President, of the company since 1939, has
President, succeeding Arthur C. Dorrance.—V. J62, p. 1884.
James McGowan,
filing
irom
revenues
$581,082
495,389
$2,071,714
1,806,819
$84,529.
$85,693
$264,895
3,780
3,359
13.271
$88,309
$278,167
income
Gross income
Total
income
6,794
$89,052
6,377
9,136
18,187
15,130
$72,378
v
$64,487
$236,986
deductions
Prov. for Fed. & state inc. taxes.
•
$5,370,348
3,081,665
12 Mos. End.
Jun. 30,'45 Jun. 30/46
483,720
Operating income
-
-.
f
(& Subs.)—Earns.
3 Mos. End.
$568,250
deductions
revenue
SCRANTON
(include
$127,291
of
Jun. 30,'46
operating
operating
Total
COMPANIES FOR SIX MONTHS ENDED JUNE
30, 1946.
■
$50,964
savings
returns
Period—
Total
Other
COMBINED
tax
131,370
$292,087
416.
p.
—
With
volume, so far this year being limited only- by productive
capacity, current indications are that total sales for the full year 1946
in the vicinity of $13,000,000.
303,857
Federal
Central Louisiana Electric Co., Inc.
that
103%.
was
203,366
more
ended
152,774
$423,458
$455,708
consolidated,
accelerated.
was
subsidiaries, other than
$1,236,677.
This was 131%
1945.
over
of sales
pace
129,263
$659,074
,
deductions
164,
49,999
$270,683
''
income
*Includes
143,098
$529,811
'
income
—V.
463,163
•
50,000
income—net
Gross
June
WU be
1,238,538
249,647
1,238,628
526,334
428,212
" :
Caw&beii Sowft Cot,,,
been elected
*Other
Sept. 9, said in substance:
on
ended
phonographs and
with $1,950,217 in the entire
the Scranton
than
1—
from
Gross
40,964
of
1944
48,293
income-—
oper.
From Jan.
■
1945
$126,074
82,358
railway
from
six
of 1945.
During the second quarter of 1946, the
Volume of Capitol Records. Inc., and its
Cambria & Indiana RR.—Earnings■£:
from railway
of
$4,315,256
3,063,735
profits taxes
excess
reserve
Amortization
above the corresponding months
August—
Net
Federal income &
21,932,476
$3,674,723 in 1944
on a consolidated basis and
$6,391,685 for the full year 1945.
Excluding sales of the fecranton companies to other record dis¬
tributors, volume of this company for the first half of 1946 was 117%
164, p. 416.
Gross
ihe
contrasted
..
Net income
—V.
10,171,361
Inc.—Semi-Annual
Mercer, President,
For
603,774
85,440
(incl. exc. prof, tax).'V
816,364
1945
$4,146,643
deductions
revenue
\"
Capitol1 Records,
John
$2,694,557
$2,623,670"
36,8.3.3
deducts.—
Total income
.
720,329
1946
revenues
Utility Operating income
Federal taxes on income
i
1£8,727',771 210,498,864
25,9.76,542 178,555,910 188,566,388
$2,678,599
6,039.
income
Other
Operating
Operating
26,792,906
24,497,601
—-
earningvS
164, p,. 1589.
~V.
oper.
25,217,930
Co.—Earnings—
12 Mos. Ended June 30—
Retirement
expenses—;
Net
Central Indiana Gas
1346- -8 Mos.—1945
$
Gross
109,795
Co.—Earnings-
1943—Month—1945
costs
non-utility
Total
and
$738,551
$756,792
revenues™
Total utility oper. rev¬
enue deductions™—Total
0
1715
20,049
'
Balance
—V,
1,621,337
to
164,
surplus
1079.
p.
•
Canada Wire & Cable Co., Ltd.—-Earnings—
from
operations™
profits tax
Net
.*
————
profit
income
stock,
.Earnings
$296,090
$314,086.
—V.
class
A
per
taxes.
$677,996
Mass., will until noon
receive bids for' the sale to it of first and general
mortgage V/% % bonds, series L, due Oct. l, 1970, to an amount sufficient to- exhaust the sum of $117,075, at prices not to exceed; 107
and accrued interest to Oct. 2f, 1946.
' '• 7
The Old Colony Trust Co., trustee, 45 Milk St., Bosjton Mass., offered
until noon of Sept. 20, 1946, to receive bids for the sale to it of first
and general mortgage 3 Va % bonds, series M, due Sept. 1, 1972, to an
amount sufficient to exhaust the sum of $67,871, at prices not to
$395,446
share
common
:
282,550
J_
:
(
$0,91
,
t
18,
exceed
NOTE—-For mechanical reasons it is not dlcOava
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
-
common
1946,
and
109
interest
accrued
RESULTS
FOR MONTH
to
AND
*
The outstanding preferred shares were called for redemption
$107.50 and accrued dividend
July 15.
oil
'
Period End. Aug. 31—
1946—Month—1945
The
recommendation
1945-—3 Mos:—1946
$2,586,530 $2,889,875
96,643
103,159
Profits
Other income
income
Total
Fed.
for
Prov.
portion
prof., appl.
interests;
"
Net
$8,168,241
504,023
$8,672,263
429,375
$1,162,939
$1,526,877
BALANCE, SHEET, JULY 31,
/CONSOLIDATED
1,629,220
directors
of
to
split
the
incorporation of
23
$625,187
$562,035
$7,024,792
to
the
articles
increase
and
shares
of
)
approved
Net
siock
the
common
the
the
of
income
oper.
$6,964,066
authorized
value
par
common-
each
.
:
of
old
of
new
common
common
will
be
share
changed
to
in
exchange
for
159,129
~~5,246
"~6~438
119,698
64,312
$630,433
$568,473
174,382
$7,144,490
1,907,004
$7,187,507
139,764
1,892,391
1,907,291
Non-oper. inc., net
$10,
•
issued
A,
net
company were
shares
to
1,500,000
Gross
income
Deductions
each
held.
Fed.
•
124,796
—
taxes
and
on
~
.
2,160,067
income
equivalent special
175,788.
charges;
Net
$329,849
$254,327
$3,345,095
$3,120,149
67,023
income—
fPfd.
111,820
1,195,500
1,341,836
div. requirementsi.64, p. 1079.
—V.
'
h.4
-
'
i
"
Central Massachusetts Electric Co.—Note—
,
The
•
company
has asked the Securities, and Exohange Commission
borrow-$250,000 on its' one year 1%% note from
vfor, permission/to
Bank of Boston. Proceeds
First Nat.
are
to be used to. restore- current
•
$3,217,402
stock.
1946
funds, which have been reduced through use of cash for
and, in part, to pay for construction. The company is a
unit of" the New England Power Association holding company system.
working
construction
'
New Common Stock Receives 20-Cent Dividend—
ASSETS—Cash, $6,289,004; investments, $1,217,446; accounts and
receivable less reserve for doubtful accounts, $1,115,099.; inven¬
tories* $6,521,457; prepaid expenses, $469,506; refundable, portion, of
"excess profits taxes* $1,384,623; investments in affiliated company and
'other- brewing companies, $2,510,576; deferred charges, $294,256; land,
-buildings,-plant and- equipment (after reserves for depreciation of $6,,360,882), $15,623,769; other investments, $1,278,964; premium paid on
.purchase or subsidiary; companies' shares; $3,450,633; total, $40,855,333.
*
-hills
A
dividend
—V.
25
payable and' accrued liabilities, $1,930,642;
Federal income taxes (after deducting U. S. tax notes of $1,695*717'),
*$2,782,186; funded debt* ;$10,073,553; inventory reserve, $332,368; miaiorlty interest in subsidiary, $1,734,419; capital stock (2,000,000 shares
•9.0- pai% $16,421,711; capital surplus, $1*724,571; distributable surplus,
$5,655,282; total, $40,655,333.—V. 164, p. 5.
-
cents
on
cents
share
June 29.
per
and
15
cents
on
March
30 —V.
157, p. 862'.
Carolina Power & Light Co.—Earnings—
to
the
Oswego
in the post-war era.
"
. .
.
new unit will have a rated capacity of 80,000 kilowatts.
When
completed, the over-all rated capacity of the plant ;will be
240,000 kilowatts. Specifications are prepared-and it is expected that
contracts to purchase the necessary equipment will be let at once.
-The unit will .be-in service-by December, 1948, according to present
plans.—V. 164, p. 823.
it
$18,753,015 $18,182,632
3,786,696
1,877,580
1,500,000
is
•
6,968,534
3,372,013-
1,500,000
reserve
addition
The"
7,499,730
retirement
$10,000,000
new
a
for power
Other taxes
Property
construct
to
Electric Station at' Oswego, N. Y„ was announced on Septa 30
by John L. Haley, President, who stated that the plan to build this
.new
elpctrip generating pnit is part of the long range program of
the Niagara Hudson System, to keep ahead of the increasing demands
Steam
1945
Operating expenses
taxes'
Federal
Canadian Malartic Gold Mines Limited—Earnings—
Central New York Power Corp.—Plans New Addition
Decision
"
1946
operating: revenues.
•
*
3352.
p.
was
12 Mos. End. Mar. 31—
Total
*
135,
j
of 20
recently declared- on. the new
$10, par common stock, together with the regular, quarterly dividend
of $1.25 per share on the preferred
stock, both payable Sept. 30 to
"holders- Of record Sept. 24.
The common dividend is equivalent to
.40 cents per .share on the old $20 par common stock, which received
LIABILITIES—Accounts
*
1,623,821
Fed.
than
1
3,994,000
91,342
$701,816
-
board
Sept.
on
.
755,181
232*328
6,919,813
151,521
,
•
276,305
4,224,280
56,363
the
held
meeting
building materials and industrial products manufactured
by the company has shown a steady increase, according to Robert S.
-King, President.,, and an expansion and. improvement program has
been undertaken to provide the
company with adequate facilities;
It is. probable, Mr. King said
that, in the near future the company
will require, some financing to meet the cost of this work..
Under the circumstances, he
added, the management^ believes that
this program, would be benefited, by
placing in the hands of common
shareholders additional shares.,
The company had a. capitalization of $1,040,000 of 3%% debentures
due Nov. 1, 1954, all of
which are held by, the Equitable Life Assur¬
ance Society of the U. S.;
18,759 outstanding shares of 5% cumulative
preferred shares, $100 par; and 390,114 shares of $10 par common
-
.
special
a
$20.
Two
1,358,100
1,690,830
to m.in.
proftis
•
■
.
$6,728,921
150,771
594,663
7,029,601
140,124
(other
income)
Demand for
tax.
ino.
refund,
—less
Net
$2,993,034
82,640
298,012
$2,683,173
49,896
184,267
_
and note interest.
Prov. for depreciation-
Deb.
139*463
by
plan,
750,000,
share
1945—9 Mos.—1946-
$6,589,458
565,997
648,164
Transport, dept. oper.—
the
amended
from.
at
-
one.
Under
Cajiadi^n Breweries, Ltd. (& Subs.) —Earnings—
July 31—
from operation.
stockholders
.two for
from
Period End.
Taxes
(Philip) Carey Mfg. Co.—Split-Up Approved—
to provide
1946—12 Mos.—1945
$1,279,553 $15,678,214 $15,513,099
$1,413,475
revenues
'Operating- expenses
additional
working capital. These debentures mature over a 21-year period, but
no, return of principal will be
made in the first year. Service, and
repayment of debentures in 1948, when the first return of principal
($150,000)
is made, will total $240,000 as compared, with dividends
pf $162,500 on the preferred shares.—V. 164, p. 5.
.
Operating
at
~
.
A new issue of $3,000,000. 3% serial debentures was sold
funds for the redemption of the preferred stock and some,
,
MONTHS ENDED AUG. 31
12
1,839,834
"
1946
Quarter Ended Ju.he 30r-
80,914
(gross).—
3,839
,
$324,003-
11,830
$4,503,692
(net)
income
;
63,679
income
Gross
32,320
Net
11,860
—V.
income
164,
Central Ohio. Light & Power Co.—Dividend No. 2hf
$4,087,568
50,904
$4,567,371
1,821,543
A, dividend of- 40 cents per
$2,378,888
.
1,765,594
Central & South West Utilities Co.
•
823.
p.
$41,359
18^854
Gperating profit fon. the period--—
■Capital
expenditures
163, pv 3280.
—'-
—_;
$80,941
6,451
ft, is .announced
third
that
this
corporation
has
received
an
order
for
a
r
August—r
dross
railway.
fromu railway—
Net ry. oper. income—
'
1945
"1946
v|
from
Net
$182*700
1944
a million
dollars worth of air conditioning for- the new- Re¬
Laboratory, buildings of the B. F. Goodrich. Co. at Brecksville,
Ohio.—V. 163; p. 3280.
1943
$176,700
$115,900.
*53.945,
*102,667
$115,400
1,258,900.
*285,989
*728,974
1,165,700
*16,866 \
*24,718
*76,001
.
*91,439
Central of Georgia
August-
*95,050
*152,283
Gross
iNet
From Jan. 1—•
'Gross
from
-Neb from
Net
ry.
oper.
*335,193
*809,397
income-—
* Deficit.—V. 164, p.
,
1,425,000
railway—
railway—
1,612,500
*47,383
*547,215
Net
from
from
ry,
Gross
Net
H99
August-r-.,,
J
Gross froip.; railway.
Net
from
?^t W.
$315,963
122,447
railway.
oper. income.^
From Jan. 1—
Gross from railway
53,379
.
1944
1945
1946
..
$493,840
137,433
40,528
$398,086
99,690
Net ry.
income—_
V.. 164, p. 1327.
oper,
^anadi^Jpacifib:
"
..
'
3,528,137
780,828
25,796
232.791
oper.
1946
1945
1944
1943
$115,690
*49,241
$101,869
*93,898
$141,885
*24,992
*63,105
From Jan.
Gross
923,735
988,129
-895,700
*463,318
*352,894
*840,450
*671,080
*325,155
*621,738
*64,102
*103,540
1—
from
...
1,070,290
*523,754
*929,338
Deducs.
437,214
.1,311,809
792,767
1,510,436
285,171
1,080,387
Cons.' net income
income
>Deficit.^-V. 164,
p.
1327.
<
'
21,229,399
1,472,187
-
297,507
'
The Commercial and Financial Chronicle (Reg.
Gross
income
$2,907,483
1,990,942
$6,666,369
2,657,562
$6,081,228
4,175,448
$916,541
$4,008,807
$1,905,779
1-,341,173
from gross inc.
$1,921,101
3,683,352
26,470,216
7,888,817
4,573,918
24,92.1,290
.
COMPANY
OF
\
:
37,167
ALONE
1946—3 Mos.—1945
Period End. June 30—
1946—6 Mos.—1945
$1,239,338
22,346
$1,593*276
$1,261,684:'
$1,600,700
48; 004
$619,669
12,*739
37,518
conis.
3,449
$514,554
13,570
930
cos;
$511,105
$632,408
From, subside
6;28&,718
2,052
1,904
4^104
32,000
69,000
90,000
income
Total
Operating
.
$988,400
expenses
461,213
for
deprec—^
Amort, of plant acquis.
adjustments
General
Int.
on
Amort,
Div.
1
.7,424
exc.
&
debt
25,000
249,513
358,100
1,213,605
$2,763,950
46,913
$163,645
52,163
577,134
$2,068-,292
625,959
764
713
111,401
8,563
47
133
1,514
$142,540
41,800
$110,720
$1,432,254
41,800
$2,075,280
501,606
$68,920
$1,573,674
$930,648
198,852
$190,234
expense
income
preferred
1,809,400
300,000
1,247,852
2,333,700
disc't,
deductions
on
j
prof.]
long-term debt_
stock
'
501,606
—V.
164,
p.
416.
I
35,000
on
note
income
»
164,
p.
2,610
6,960
5,220
13,920
$556,349
$459,971
$1,128,924
$1,444)671
payable—
—-—
1327.
Offered—As men¬
& Associ¬
ates on Sept. 19 offered $4,000,000 3% sinking fund de¬
bentures; due Sept. 1, 1966 at 100 and interest, Further
Central Soya Co., Inc.—Debentures
tioned in our issue of Sept. 30 Glore, Forgan
details follow:
Principal
Coupon
and
National
at office
interest
Bank,
(M
New
&
S
York,
1)
payable
at principal officq of
trustee, or, at option of holders,
Bank & Trust Co., of Chihago.
of Continental Illinois National
debentures in denoms. of $1,000 registerable as to principal
.v
U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Rlace, New, York 8, N. Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher;
William Dana Seibert-, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general hew and. advertising issue) with a statistical issue on Monday!. Other
'offices: 135 S. La Salle "St., Chicago 3,- 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1946 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 and Possessions, $26.00 per year; in Dominion of
Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year,
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
1
exc.-profs.
&
taxes
Chase
Balance
—
inc.
Net
V.
exps.__
56,635
other than Fed.
inoome
Fed»
'
admin.
&
Taxes,
•-
Int.
33,300
$100,740
)
income
preim
105,000
1946—12 Mos,—1945
$949,708 $13,166,486, $12,780,939
408,050
5,768,930
5,589,094
103,500
1,252,500
1,242,000
16
taxes
of
Other
•Gen,
1946—Month—1945
.'.
.
Income:
' 9,726,383
Other
-: vv
-V
26,487,796
5,960,961
"
Period End. July 31-
"
V
$6,044,065
EARNINGS
railway.™
railway
-Gross' revenue
Net
from
railway
railway—
; Net ry. oper. income
Net
31,989
*22,757
568,493
income—_
Fed. inc. &
income
$3,428,008
164, p. 1327.
Gross
$154,371
August—
"from railway".
Net from railway
•Net ry.
4,306,150
1,923,027
1,497,340
Lines in Vermont—Earnings-
^.
Gross
$6,607,707
58,662
$3,262,275
$3,732,203
from
vProv.
-Net from railway—-■—
...
$2,891,297
16,185
1943
$3,070,666
Central Illinois Light Co.—Earnings-
$578,079
285,640
55,627
4,013,140
1,585,020
1,134,111
1944
—
-
1943
•
4,657,038
1,804,677.
951,962
1945
(net)
$2,655,785
173,191
railway
Net.ry. oper.
—V.
■r
Other" income
'
oper.
from
$3,226; 169
36,105
income— ^
oper.
'
From Jan. 1-—
*388,055
*836,846
Canadian pacific Lines in Maine—Earnings—
.
'
Net,
Ry.—Earnings—
1946
Mos.—J9457
'
1
railway
1946^-e
— ™-
of
search
Canadian National Lines in New England—Earnings—
(& Snhs.>--Earns.
.Operating revenues—_ $12,364,928 $12;220,291 $24,729,497 $24,565,439
8,224,277
8,126,024
4,162,394
4,094,560
Operation !—:
2,186,129
1,835,621
1,204,310
954,056
Maintenance
2,517,108
2,822,696
1,251,139
1,404,322
Depreciation.
2,122^775
2;099,437
1,049,513
1,054,053
General taxes
3,637.600
3,071,50Q
;Fed. inc. exc.-profs, taxes
1,471,400
1,822,000
Carrier Corp.—Receives Large Con1
-
.
1946—3 Mos.—1945
Period-End. Juno 30—
>
-
share has been declared- on the common
-stock, payable Oct. 15. to holders of record Qct. j. An initial* UistribU.tion of like ; amount was made on. July 25, la$t.—V. 164^ p» 823|.
$4,144,482
$2,745,828
"
"Net interest and other deductions—
241,159
—
operating .reyenues
•Other
$360,281
263,657
7,166
.
Operating posts
Administrative and; general expense
'Provision for taxes——
Net.
82,543
$370,961
4,68.1
i^rketing,'charges
Balance
'
$327,842
—
,ljetal. production
1945
i*
-b
Sept. 23, 1946.
.
the year.
I
,
The Old Colony Trust Co., 45 Rfiik St., Boston,
of Oct.
163, p. 3280.
amounting to $215,918
stock have been paid and two dividends of
similar amount have been set aside for payment in the second half of
the
10,650
before Federal and State income
Provision for Federal and State taxes on income
49,000
have been paid to date this year. These included interim, dividends of
25, cents per share on the class B common stock, and a. further divi¬
dend of like amount was paid Sept. 15.
Two dividends of $1 per share
•-on
(net)
209,000
the-'three classe of
on
income
Net
54,015
excess
,——
dividends
Two
income
Net
Central Maine Power Co.—Tenders Sought—
$667,346
$554,000
—239,411
provision for depreciation
Prov. for taxes, less refundable portion
.
operating profit
Other
1945
1946
$607,512
Months Ended June 30—
6
Profit
Net
UATOfaAWpi :'■> uAn'>-!.v.fV)W'\0 I")11
MM.
,.U
only,
Redeemable -as
notice
at
* "whole; or
in part, at any time on 30 days'
fohowing principal amounts: 103 to and incl. Aug. 31,
1S'58; 101 thereafter to land
3l"i964; and therafter at" 100 plus interest. Reimbursement
Aug"
•f ittcl;
of
*
_
Pennsylvania
15,
to
and
each1 year
on
including
July
15,
$200,000
1965;
at
•
bptioH' bf
the
for
(estimated at $3,886,194)
net ^proceeds
PURPOSE—The
Net
from
Net
—Y,
-
to be
are
purchase
ana
••
i*
••
\>
Authorized
■
debents., due Sept. 1, 1966
(no par)--.
pommon stock
SUMMARY OP
—
Gross
tNet
Deprec. &
Profit
Amortiz.
$43,971,357 $3,439,886
Interest
Charges
$182,259
s.1945—
54,863,755
4,059,433
yi944„
4,184,596
4,607,910
182,277
160,454
1942-
52,513,777
44,949,652
27,733,080
1,636,787
138,030
.1941—
13,842,618
561,371
122,365
mNine
months
ended
income taxes.
June
30.
tBefore
current
AND
to
finance
interest
$575,194
railway——
119,525
68,989
255,184
81,611
3,804,322
832,181
421,772
4,430,189
1,481,628
4,742,064
1,916,002
4,204,i21
629,397
655,075
659,667
from
Net
ry.
Net
Net
incorporated
in
Indiana
-
three
largest soybean processors in the
United- States.
In the company's first year of operation, the fiscal
year ended Sept. 30, 1935, 802,000 bushels of soybeans were processed
by the company, and the quantity has increased in each subsequent
year, except for a decrease of approximately 5% in the 1941 fiscal
year.
ry.
UNDERWRITERS—The
underwriters
named
below
have
severally
agreed to purchase in the amounts set opposite their names, an aggre¬
gate qf $4,000,000 of debentures:
Glore, Forgan & Co
$1,000,000
The First Boston Corp.475,000
Merrill Lynch, Pierce,
.Fenner & Beane
'475,000 «
A; G. Becker & Co. Inc.
400,000
Kidder, Peabody & Co.Bacon, Whipple & Co—
Farwell, Chapman & Co.
The Illinois Co.——
■
400,000
250,000
250,000
250,000
250,000
250,000
Kebbon, McCormick & Co
Maynard H. Murch & Co.
•*-rV. 164, p* 1590.
NOTE—'For mechanical
reasons
it la--not:' always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
Central Vermont Ry., Inc.Gross
from
railway
$845,183
ilfet, from' railtvajhM-—,
Net ry.
199,697
','106,243
income—
oper.
1945
Net
■
$710,792
112,392
19,075
Net
;
$716,578
139,243
$762,003
43,987
116,168
213,992
5,559,221
739,587 V
39,772
.
ry.
4,
279,528
*486,887
railway
oper. income—;-
Total
(&
6,125,032
1,660,789
963,794
1,339,602
594,991
Aaron
eral
Colnon,
District
interest
for
selling, adm. and
Depletion
and
Operating
ot:
ther
Other
i
co-trustee of the road, has fiied
at Chicago asking Judge
Igoe
the'Rock
and
debt
-
gen.
—
gypsite
deposits)
profit
7,686
—-
6,857
$2,929,921
$1,213,506
183,355
66,507
$2,996,42^
73,188
sinking fund debentures
prov. for income and excess prof, taxes
(estd.):
—
Approp. to
Balance
—
reserve
for
66,718
114,833
1,113,000
63,598
———
664,400
sire
ever
in
.
$1,712,321
$421,634
Champion Paper & Fibre Go.—Stock Distribution-*
to approval of stockholders at the
annual meeting to boOct. 8, 1946, an amendment to
the certificate of
incorporation
will be filed on Oct.
9, 1946, pursuant to which each
share of
on
no
par
no
par
additional
share
value, will be changed into two shares of
value, by the distribution on Oct.
9, 1946
to
holders
of
quoted
ex
said
distribution until
August—
Gross
Net
railway
railway—.
Net
income
oper.
■it From Jan.
Gross
1946
from
from
Net ry.
further notice.-~V
railway
from railway
Net ry.
oper.
income.._
^'<-Tber6r~have
moneys
& Ohio
one
164
p
be
1079
<
.
pressed
in
his
meet
memorandum
bill, that interest
trustee states.siV
'
The
plan
the
desire
Interstate
be
<*.;>• >•'
v,
the Congressional de¬
interest
approval
of
to
for
•
Truman,
reduced
Com¬
reorganization
;
President
of
withholding
rates
the
realistic
a
when¬
as
ex¬
Wheeler-
basis,
the
provides that $25,845,445 be distributed
3% *from the date of default on bonds
as
payment of
through July 1,
$11,445,445 or $185.86 per $1,000 bond would
be allocated to
publicly held general mortgage 4% bonds; $10,230,787
or
$92.65 per $1,000 bond to first and
refunding 4%
bonds; and
$4,169,280 or $104.72 per $1,000 bond to secured
4J/2% bonds of 1952.
interest
1946.
at
Of
this
amount,
return, holders of the general mortgage bonds would surrender
all unpaid coupons from
July 1, 1934, to maturity for cancellation.
They also would accept a modification agreement and new
coupons,
beginning with that due Jan. 1, 1947, and running to
maturity (1988)
at 3%
a
year, compared to the present 4%.
full
Colnon
also
Colnon
of
proposed
that
hoders
asked
the
court
divisional
approval
mortgages
if
holders
vote
to
of
accept
at
$323,533
$328,036
28,760
$384,992
39,154
1,429
1,862
120,587
26,536
12,070
94,401
*99,325
2,885,329
666,838
289,810
3,002,543
1,210,811
585,354
Ry.—Partial Redemption—
been- called for redemption on Nnv
in the sinking
fund, $141,000 of refunding
1
and
mortgage 3%% bonds, series
D, due May 1
1996
at inn
Payment will be made at
the office of J. P
Morgan
rated, sinking fund trustee
xt—
trustee, 97 Wall St., New
23 Wc.11 of
P. 1590.
York, N
a?
««»t
and
it is
the
such
«
°!
f f !
interest,
lucorpo-
Y^v S"
the
in
realized,
first
six
the
3%
so
therefore
offered
an
proposes
exchange
that
of
holders
of
the
bonds
for
the
their
bonds, with certain cash equalizations.
doing," says the trustee, "the secured
as
class
of
value
a
$45,000,000
par
of
Upon
Island
1988;
competition
of
consist
creditors
and
first
the
;
secured
general
4'/2s
can
4V2%
mort-
be
ex¬
the
and
refunding bonds, presently securing
program,
of
of 30-year convertible
4J/2%
Total
cash
required
to
bonds of
carry
$57,930,845, leaving approximately
treasury as working capital.RESULTS FOR
man¬
months
from
Gross
from
frmn
from
ry.
can
railway
income.—
24,775,773
11,049,555
the
•
to
will
Net
ry.
railway..—
railway
oper.
Net
from
Net
ry.
1943
19,485,260
20,905,695
income...
Gross
Net
29,844,912
& Omaha
Ry.
-Earnings
1945
1944
$2,547,445
$2,429,119
$2,458,024
660,715
363,972
407,824
,
761,707
356,139
403,775
17,302 040
18,294,007
4,673,441
2,493,055
1,228^275
*1,092,784
1946
from
from
ry.
railway
railway
oper.
income
.
17,970,045
1943
756,824
4,015,161
17,448,438
4,922,821
2,111,182
3,077,712
from
railway
from
railway
Net ry. oper.
income.—
•—V. 164, p. 1205.
Net
1945
1944
$2,647,339
$2,699,075
674,717
353,386
$3,260,961
776,557
1,239,708
386,167
From Jan. 1—
Gross
Clark Equipment
19,281,614
4,360,380
2,385,150
'The
323,781
23,855,603
8,291,888
3,049,427
Co.—Reports
of
Change in
a
$348,-
will
be
repaid
sum
of
each
by
cus¬
tomer's
monthly purchase.
In July, last, the company expended its facilities at the
gas range
plant by purchasing the land, building and equipment of the Cooperative Enameling Co.* Clevelandi Ohio;;
Consolidated net income for the year ended June
30, 1946 amounted
$178,072, equal to $5.93 per share. For the preceding year, net
$89,580^. Federal income and excess profits taxes amounted to
$187,000, or about 51% of earnings. During the 1946 fiscal year, a
total of 75 cents in dividends was
paid, and on Aug. 26, 1946, the
company made a distribution of $1 per share.—V. 163, p. 2290.
to
Clinton Industries, Inc.—Sale of
Division Approved—
Candy Manufacturing
*
;
;,
*
.26
approved
an
agreement
dated
Aug. 23, 1946, by this company with Chase Candy Co., which provides
for the
sale to the latter of substantially all the
property, assets,
affects and goodwill pertaining to the
Candy Manufacturing Division
of Clinton industries, Inc. other than' cash on hand or in
bank, tax
notes, tax refund claims, bonds and corporate stocks, accounts re¬
ceivable, and certain minor assets of the Candy Division.
Included
in the sale will be two candy
manufacturing plants—one located in
The ' stockholders
.
Sept.
on
St. Louis, Mo., and one in
Chicago, 111.; also a selling branch at
Cincinnati, Ohio,
.>,/•
.-*•
t
•
The aggregate purchase price to be
paid by Chase Candy Co. cannot
now be
accurately stated since it is based in part upon inventories
being taken, according to Leonard A. Huemmler,
Secretary of Clinton
Industries, Inc.
It is estimated by the management,
however, that
such aggregate price will exceed
$4,900,000 after payment of a broker's
commission of $127,500 and after
payment of the tax on the profit
»
realized
such
on
summated
.■
sale.
about
t?'-
'
Oct.
' 'gi'
It
15,
'•
••
is
•
contemplated that the
1946.—V.
164, p.
sale
1590.
'
will
be
con¬
-
.jiiH'
■■■-V-
".v.-
—
■
Cole
?'■'
Manufacturing Co., Memphis, Tenn.—Debentures
on Sept 16
offered $250,000 5% serial debentures at 101.
Offered-^empsey-Tegeler ^ CQ^ St^ Louis
Dated
July; 15,. I946{ principal' payable
Annually July 15, 1947, to
July 15, 1956. Interst payable Jan. 15 and July 15 at
Mercantile-Commerce Bank & Trust Co., St. Louis, Mo.,
corporate trustee. Debentures in coupon form—$500 and $1,000 denoms.
Any or all of the debentures may be prepaid and redeemed on
any
semi-annual interest payment date on 30
days' previous written notice
and
including
office
to
of
the corporate
trustee
at
101
plus interest.
;Vt
J. F.
P
Tegeler, St. Louis,
'j
>
'
.
warehouses and
acquire
inventory
therefor.
/cOMPANYr^Iucorporated
started
business
management
was
in
Tennessee
in
1883.
This
company
partnership in 1866.
In February,
1939, the
changed and, likewise, its policy.
Prior to the change
as
a
in management the
company specialized in architectural
woodwork.
The new management decided it was wise to
factories to stock production
and
special
convert
the
and, likewise, to expand the line to
include other items of
building materials purchased by it from others.
In this way the
management has found it possible to reduce manu¬
facturing costs and, at the same time, increase production.
This company sells its
products through wholesale warehouses and
retail lumber yards and to
large contractors.
The company
at the
present time has wholesale warehouses
established in New Orleans, La.;
Birmingham, Ala.; Chattanooga, Tenn.; Knoxville, Tenn.; and Jackson,
Miss. It draws a large volume of business
from these warehouses and
plans to expand this chain of warehouses with
the proceeds from this
debenture issue.
EARNINGS—Company earned during the
interest but after depreciation the
following:
$50,144
32,850
——
'
12,628
past
years
before
$49,136
1941
"
56,197
;
..
structure, after giving effect to
$178,333
debentures, capital
five
1942
CAPITAL STRUCTURE—The
capital
this debenture
issue, will show a
5%
mortgage,* $250,000
stock of $500,000 and surplus of $218,311.
Colonial Mills,
Consolidated
Inc.—Earnings—
25,736,537
10,427,249
3,347,853
615,560
stock
Sept.
14,
■
.iissii
?mtM
.oZSl
1,964,994
$2.07 ^
$5.19
.
.
The directors on Oct. 2 declared an extra dividend
of 2$ cents per
share and the regular
quarterly dividend, of 25 cents per share on the
capital stock, par $7.50, both payable Oct. 22 to
holders of record
Oct. 15.
An initial payment of 25 cents was made on
this
April 15, last, which
22.—V. 164, p. 553.
was
followed
by
a
issue
similar distribution
on
on
July
"
Colorado & Southern Ry.-EarningsGross
Net
1946
from
from
ry.
railway
railway
oper.
1945
from
Net
ry.
171,737
44,870
173,089
260,864
7,062,597
10,447,063
3,206,152
1,561,054
10,695,317
8,999,325
3,489,095
2,054,165
income
railway
railway
oper.
1943
$1,141,675
269,022
134,682
from
Net
1944
$1,100,872
From Jan. 1—
Gross
888,878
income
232,529
$1,471,505
495,358
$1,205,509
462,570
„
3,835,822
1,868,886
Colorado & Wyoming Ry.-Earningsfrom
1946
railway
from
railway-—
railway—1—
Net ry. oper. income—i
—V. 164, p. 1206.
1945
$133,879
Net. from. railway.—-i.-*-,
45,110
Net ry.
opjer. .income—-;; ;
16,767
Frohi Jan. I-i-3
•'
* J.<" v
Gross from
Net
the
9 Mos.
784,737
„
payable
3 Mos.
$7,184,633 $19,708,386
—V. 164, p. 1206.
24,215,575
11,588,059
4,145,883
I
sales
To Pay Extra Dividend of 25 Cents—
Net
1943
$3,034,579
1,431,930
Loss—
common
results
approving
on
by foundry customers without interest. They
monthly instalments at the rate of 2y2% of the
Gross
says:
.11946 .how
8
Period End. Aug. 31,1946—
Cincinnati New Orleans &
Texas Pacific Ry.-Earns.—
August—
Oct.
250
'
Consolidated net income
Earned per share'
686,712
income
railway
railway
oper.
005 544
50,033!974
$2,562,753
From Jan. 1—
Gross from
vote
authorized
1943
1944
2946
from
from
1080.
120,000
1944
MONTHS
51,271,410
Chicago St. Paul Minneapolis
August—
Net
8
railway— 106,475,829 135,240,423
126,146,414 119
rail—
oper.
for the
'
,
164, p. 1327.
Gross
PIST
1945
$14,866,087 $17,168,088 $18,108,005
$15,760,536
4,230,390
6,050,291
8,061,199
7 083 399
income.2,021,595
2,599,580
3,491,598
3,848,640
From Jan. 1—
Net
AND
railway
railway
oper.
profit
a
proposal to in¬
capital stock from 30,000 shares of no par
shares, par $9 each, four new shares to be issued
in exchange for each no par share held...
James Mitchell, President, announced that a new
building to house
the
core
department is being erected at a cost of approximately
$350,000 equipped. This project was financed to the extent of
crease
value
1945™
3946
from
Net ry.
1960.
through
the
program
would
be
$15,000,000 in the Rock Island
AUGUST
August—
Gross
make
may
PURPOSE—To provide funds with which to increase
working capital,
portion of which is to be used to establish additional
the debt structure of the Rock
$99,981,000 general mortgage 3% bonds, of
$110,425,000 of first and refunding 4%
bonds, and $32,228,000
would
we
as
first and
refunding mort¬
trustee would repossess for the benefit of all
its bondholders the
gage
that
payment
secured
Colnon
be
expected
August—
...j.
incurred
be
Mo., individual trustee.
4bonds, series A, there: is-outstanding in the
of the public $39,813,600. The
issue is secured by
$45,000,000
value of the first and refunding 4% bonds. If
the foregoing. pro-:
posals are made effective, the trustee for the'
first and refunding
mortage will hold $38,400,000 of general
mortgage 3% bonds with all
interest paid.
'
'
Net
3,147,573
1,163,920
572,074
volume
of
hands
$343,822
136,468
indicated
75%
least
discharge of their claims.
Of
1943
2,498,007
the
AugUSt—
1944
includ¬
liabilities
believes that the losses
In
♦Deficit.—V. 164, p. 1327.
1945
♦Deficit.—V. 164, p. 1205.
Chesapeake
of
-Earnings—
1—
from
common
share of record Oct 9
1946
directs that the common stock
Charleston & Western Carolina
Ry.
•i
common
each
p" The New York Stock Exchange
not
Nov, '1
set
'
.
also
plan
has
the
aid
plan of
new
.
proposals
Nut
Net
surplus!
Subject
stock, of
stock, of
to
made
are
formulating its
!=;
•
possible.
The
—V.
„
'(*> -v
3,171,390
2,239,607
a
put into execution, Mr. Colnon states,
that bankrupt roads pay off debt and defaulted
Net
82,806
40,000
contingencies.
T?rV.. .163, pi 2991.
held
iv
approve
Igoe
'
of
Island.-
$1,396,862
40,790
on
was
on
and
stockholders
The
petition in Fed¬
a
to
Judge
They
"By
—
deductions
^Canadian
reduction.
the plan.
the trustee
on
proposals
Commission
tinguished
1945
$16,360,743 $11,743,001
exps.
13,126,897
10,199,712
296,238
322,925
income
Interest
1946
$16,328,629 $11,711,743
32,113
31,257
1946
was
Court
payment
hearing
a
The
gage
Subs.)—Earnings—-
',;.v
—J—
goods sold,
Depreciation
(gypsum
1,457,853
J.
8,641,020
3,075,934
1,842,109
p. 1590
the secured 4,/2S."
sales
6,193,171
r
Products manufactured and purchased
Products sold as agent
;
268,228
Chicago Rock Island & Pacific Ry.—Trustee Files Debt
Mr.
Certain-teed Products Corp.
6 Months Ended June 30—
Cost of
176,448.
8,243,502
2,535,411
Reduction, Interest Payment Plan—Approval Sought—
bonds
,
6,894,370
552,128
*516,229
L
5,945,012
of
*
•>
377,607
par
5,254,383
♦Deficit.—V. 164, p. 1205.
n
1943
$1,071,726
Ij'f' •
deficit —V. 164
each
Prom Jan. 1—
Cross,, from railway—
Net .from»:railway--——:;
Het; ry. oper. income-.-
1944
$1,163,473
329,674
$956,507
259,288
162,033
182,358
34,186
from
Mr.
1943
months
Cleveland Co-operative Stove Co.—Plans
Par Value arid Split-Up of Shares—
1,769,844
From Jan. 1
"
Mr.
1944
6
.
year as a^whole.''—V, 164, p.
93,476
off
-Earnings-
1946
stabilize
ba eliminated
•
of divisional bonds be
paid
in the following amounts
per $1,000
bond: St. Paul & Kansas
City Short Line RR., $635 or $11,700,000; Rock
Island, Arkansas &
Louisiana, $740 or $3,410,000; Burlington, Cedar
Rapids & Northern
Railway, $580 or $6,380,000; Choctaw, Oklahoma &
Gulf, $1,000 or
$5,411,000; and Little Rock & Hot Springs Western
(debtor's portion)
$397.90 or $453,600.
possible
order.
Ji August—
1945
$1,144,079
Reed
4'
i
1946
railway
railway
oper. income—
Gross from railway—
merce
the
railway
income—
oper.
from
meal, livestock and poultry feeds, soybean flour, soya grits, soya puffs,
commercial lecithin, and soya protein products.
of
railway——
from
of
one
1943
.
.
■■
v.The company is
1944 ?/;:
i-V. 164, p. 1205.
1934.
V
W:The company, directly or through its subsidiaries, is engaged prin¬
cipally in the processing of soybeans and in the manufacture and
distribution of the following derivative products: soybean oil, soybean
,
railway——
from
Gross
,
first
261,946
112,061
and
Oct;! 2,
•
agement
$610,732
from
."August—
inventories.
was
conditions
Prom Jan. 1-^
i
the
income due from prior years were
$3,443,000
"While we are
still handicapped by strikes in the plants of
cus¬
tomers and suppliers, operations for the third quarter are
improved
*
appreciably.
Our backlog of orders is sufficient to sustain a satis¬
factory volume of production for the balance of- the year.
Should
2,436,158
Net ry. oper. income—-
Profit
provisions of the Federal
tax
V ^
^ ^
:
ordinary^; operating
conditions
of
June 30, 1946, amounted to
$12,866,000,
receivable- of i $4,258,000.
Total current
including Federal taxes
Chicago Indianapolis & Louisville Ry.—Earnings—v
Net
'
Taxes
depreciation,
its seasonal
BUSINESS—Company
7,652,979
$534,912
Net
charge for the first year on $4,000,000 of 3% sinking
Company expects to continue to make
loans
bank
HISTORY
6,226,453
2,142,961
1,883,159
$676,235
214,682
from
Gross
fund debentures will be $120,000.
;
19,795,554
5,625,920
in
appears satisfactory.
."Current assets on
664,000 shs,
Income
business
of
result
of
ing cash/accounts
1945
*
>
interest
.
1,164,074
400,098
20,321,410
carry-back
the.
not
,
$2,694,795
,1946
Net
.
c'.The
'
1943
•
the
year,
was
,
August—
Gross
$199,705 $1,419,000 $1,638,922
217,054
2,526,240
1,036,892
227,973
2,647,709
1,126,637
98,079
3,120,157
1,229,220
66,503
726,658
705,596
31,697
94,360
312,949
279,247
1943
;p
;
■
loss
less than
what would have been accomplished but for the
wave
0f
affecting industrial operations all over the country.
During
the first quarter: of 1946 much of our production was
held up
due
to strikes in
the 'plants and of important customers and
suppliers
This was followed
by a strike in two of our plants which subse¬
quently stopped nearly all production in all our plants for 10
weeks
This'strike resulted in heavy losses in wages to our
employees and
a loss of production estimated at $15,000,000.
-;,'For a considerable period we were also faced with
price increases
from; many: of our suppliers without being afforded relief
by opa
for our own products.
At this writing,- however, OPA regulations
have permitted us price adjustments on most of our products
which
Chicago & Illinois Midland Ry.—Earnings—
-
-'
17,497,423
1,841,920
*347,466
from
,1944c
$2,585,885
771,149
246,992
t
20,008,589
1940
strikes
♦Deficit.—V. 164, p. 1327.
Outstanding
$4,000,000
750,000 shs.
,
1945 ■
$2,408,925
614,932
212,136
!'
railwayNet from railway
Net ry. oper. income—
YEARS ENDED SEPT.30
EARNINGS,
Sales
0i
c
Gross
y
•
$4,000,000
i-r-
194&
-■
$2,420,936
422,359
228,876
oper. income—
From Jan.
,
3 %. skg. fd.
'
'
railwayrailway
from
Net ry.
CAPITALIZATION, GIVING EFFECT TO THIS FINANCING
fl946-
,;^My s.
from
Gross
Net
sinking fund debentures, due Aug. 1, 1959; (b)
of accrued interest) to payment and cancellation
of the notes evidencing the company's term bank loans from Chase
National Bank, New York, and Continental Illinois National Bank &
Trust
Co
Chicago, in the principal amount of $850,000, pursuant
to the agreement dated Sept. 21, 1945 between the company and the
aforementioned banks.
($770,000 of the proceeds received from such
term bank loans
were
applied to the construction of soybean and
grain concrete storage tanks at the company's plants at DecatUr, Ind.,
and Gibson City, 111.; the balance was used, together with other funds
of the company, to retire a 3%%
first mortgage note of McMillen
Peed Mills, Inc. (of Ohio), a wholly owned subsidiary, in the principal
amount
of $225,000);
(c) the balance, estimated at approximately
$895,694, to be added to the working capital, to be used to finance
inventories and receivables.
i
164, p. 1205. '
entire
volume
half
.
railway
■■August---"
(a) $2,132,000 (exclusive of accrued
cancellation or redemption of $2,050,000
following purposes:
to
outstanding 3Vt%
(exclusive
i
The
^'Ko'crq
5,168,569
3,764,151
>3,569,716
3,193,191
the
laws would reduce this to $290,000.
!K''>ffTKia
ry. oper.
$858 500
-
,
;
• *•
Chieago Great Western Ry.—Earnings—
interest)
'
1946"
railway---' 129,878,076 170,956,623,156,736,523:139,530,133
38,404,324
73,255,096
61,169,337
64,381,250
income—
18,176,723 22,468,581
18,148,518 31,372,220'
from
Gross
Interest.
•
*•
the
ending July 15 in each year thereafter, additional sinking fund pay¬
ments may be made in an amount sufficient to redeem on the next
Sept. 1
not more
than $200,000 principal amount of debentures.
Redeemable for the sinking fund at all times at 100% plus accrued
used
railway
from
Gross
from railway—.
Net ry. oper. income—
of
the
.for
1945 *
•
■ ,1944
'7 —'
$18,446,668 $22,754,546 $21,527,284 $20,596,815
' 6,217,680
9,319,546 -
•Net
sinking fund
debentures
minimum
1947, and within the-12 months' period
before July 15,
or
■■■''.
August—
'•
^
mills tax.- Entitled to a
1947, sufficient to retire
4
July
beginning
.company
'
thereafter to and incl. Aug. 31,
v.
Monday, October 7,
1
Chicago Burlington # Qifliiftcy • KK.T^£arnings--^
the
19S2 v*w
1952/102
4 >"•' V
■■•
.
I
:t
THE COMMERCIAL & FINANCIAL CHRONICLE
.
.
1944
-
$124,020
40,969
',
18,796
-
1943
;
$129,309
.
'
37,110
$152,643
22,930
60,520
34,093
,
833,013
247,308
1,027,161
1,122.134
1,186,911
328,342
168:783
389,950
261,360
466,471
154,842
189.
y0k;
msm
THTP rr»*ir*ffT?T?fTAT
A
.THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4531
Volume 164
T
i<i
■
railway-—
Gross from
railway——•
from
Net
19,758
'
From Jan. 1—
♦Deficit.—V.
"3,039
I
;
2,235
*!.;■
"
Frank
•,
1,088,678
1,065,345
935,261
140,534
37,948
186,011
118,841
30,457
70,739
.
Operating revenues
jj,
Total income
97,934,779
57,133.
2,735,549
38,771,015
5,760,321
—
purchased™—_
Power
purchased—
Other operation
Gas
—
Maintenance
^
local
for
Prov.
accounting
It
miscell.
—
11,566,131
9,984,531
.
of
addi.
debt
of
239,048"
4,205,245
debt—
funded
on
Amortiz.
Int.
B.
Reuel
239,048
-
O,
Write-down
8,730,656
1,500,000
Reduc.
sales
—
Cr 100,118
14,324,100
1,231,200
1,053,037
sales
3,222,179
——-
—,
electricity
months
of
Gross
12,807,824
40.92.
.
_—
12
MOS.
END.
Week Ended:—
*
1
\
12,307,824
Net
$140
-
—V.
&
Sept. 21——————————',
Gas
1945
164,
7.3%
11,4%
9,6%
•
.
176,550,000
164,851,000
Gas
.
oper.
Deprec.
■
Gas
rw
ic
Get.
by the SEC.
the par value
change
authorized
under
consent
to
not
the
franchise
common
and
Operating
plan
Interest
and
ductions
1946—12 Mos—1945
of
its
taxes
$8,929,949
665,295
^
$2,337,009 $11,764,896
assets
the
and
return
—V.
public offering of part
a
issuance
the
the
city's
of its
of
569,294
2,238,431
2,331,097
new
common
Companiu Hispano-Americana
(Chade)—Distribution
It
was
announced
a
Electricidad,
the
the
to
be
>
new
will
right
S. A.
berjes.D
company,
lormer
deductions
43,498
$1,709,880
$1.19
$1,724,217
$6,905,008
$4.82
$6,077,961
__—
income
u
be
nate
made
to
agent
characteristics
per
share-
com.
"Bonos
new
de
Caja"
the
will
bonds
$1.20
within
against
presentation
be announced.
the
m
United
The
of
coupon
Nc.
45
on
and
after
14
■
a
Guaranty Trust Co. of New York is fiscal
States.—V.
164, p.
1591.
Oper.
revenue
exps.
&
1946—6 Mos—1945
-
main—
gov.:for depreciations
for
Prov.
deferred
&
$3,058,136
1,912,271
79,758
$6,055,256
201,723
'
250,000
250,000
331,700
595,340
406,466
1,186,674
49,409
68,823
194,452
97,908
118,322
-
Fed.
inc. & exc. profs.
taxes
Other Federal taxes
State & local
taxes-
oper.
188,891
Total
other
revenue
371,170
381,974
173,139
$741,524
443,983
$541,176
338,945
net—
Gross income
Total • inc. deducs
$598,528
$1,185,508
$425,389
$664,219
inc.,
$496,105
168,113
81,372
—V.
163,
p.
$635,386
'
$882,642
2434.
1945
:
$746,864
company
will
vote
»S?!0! g shares
a mer8er of: the
solidated
on
two
and the J. B. Carr Biscuit Co.
Oct. 10 and 14, respectively, on
companies.
An
exchange
of
Con¬
for those of the Carr compariy would be made under
plans and the surviving corporation would be known as Carrconsolidated Biscuit Co.—V.
164, p. 553,
'
^
V"
^
Consolidated Edison
company on Oct.
leiectricity
Co. of New York,
,
other
for
•-4m
retire
the
V.'"
outstanding
7%
cumulative
0
..
share and accumulated dividends of 43% cents
a
15.
/
24,380 shares of the preferred stock outstanding in
the conversion program was announced. Since then over
stock has been exchanged for common stock at the rate
"a
"
f
*
;'.'P
4
of the board, announced the company had
successful year" cn Sept. 30, with net earnings more
the previous fiscal year.
holders
Preferred
until
have
Nov.
to
10
exercise
1G4, p.
conversion
their
111
1591.
''
-.
Crown Zellerbach Corp.—Plans Sales
Expansion—
:" ;
corporation has announced a $15,000,000 plan for major plant
additions, purchase of limberlands,
product improvement and up¬
grading of quality.
!l'
iv f'
A 65% increase in 1946 sales to date over last year's record volume
has resulted in a generous budget for expansion and promotion of
Nata Products Co., a subsidiary, according to E. N. Mosier, Sales Man¬
The
..
.
M:
,
The amount scheduled for sales
ager.
M
ii
expansion will be increased as
needed.
during the
that
states
Mosier
Mr.
past
year
the market
has been
coast through the mid-west area, with more
added t» -the Nata list. Additional retail
secured now, particularly west of Chicago to the
developed
from the east
than
new
325
distributors
outlets
are
Pacific
Coast.—V.
being
164,
p.
418.
INCOME
CONSOLIDATED
12 Mos. '46
STATEMENT
(INCL.
SUBS.)
r
,
i
(Including Canadian Subsidiaries)
3
1945
1946
Months Ended July 31—
of returns,
discounts, allowances,
outward freight, etc
—
$28,417,502 $24,588,928
Other operating income, net, excl. of deduction
for depreciation
104,931
116,838
Dividends from Fibreboard Products Inc
117,232
117,232
Sales,
I!
net
Total
Cost of
$6,672,646 $12,616,753
Sf1
m
162,835
income
$9,381,309
income
347,512
139,346
49,413
$6,811,992 $12,964,265
90,284
440,573
$9,331,896
Income
inc.
$28,639,665 $24,822,998
-
-
20,087,125 ; 17,506,305
2,581,233
2,234,793
1,059,441
900,052
214,615
174,282
108,260
Cr82,137
goods sold
Operating expenses
Depreciation and amortization
Depletion
Other expenses, net of other income
before
Profit
Net
taxes
on
$4,588,991
1,567,700
income
taxes
income
Federal
$4,089,703
285,390
1,086,391
31,296
cubic feet as compared with 79,837,152,000 cubic feet sold in
the first six months of. 1945.
During the twelve months ended June
profits
t,
■m
I
17,412
(net)
Minority stockholders' equity in earnings, principally Pacific Mills, Ltd.
excesfc
Federal
per
l -4
II
taxes
-:k\:U
—
P"
I*
427,000
Net
total sales of gas were 146.842,637,000 cubic feet compared
138,563,231,000 cubic feet sold in the previous twelve-month
1946
with
period.—V.
163,
:<br>
Dallas Power &
Period End. Aug.
1945
1946
6 Months Ended June 30
customers,
to
etc—
allows.,
less returns,
to
Sales
foreign subsidiaries
Cost
sales
of
sales,
$4,266,027
188,996
Operating
Federal
202,949
—-—
depreciation
$4,455,024
"•>-*
;+
..v'---'.
A
5,154,694
470,058
■ ...in ■ iinBiiHH
Other
income,
Net
10,090
15,240
Provision
Prov.
for
for
depreciation———
Federal taxes
on
s-i
Loss$126,393
$911,742
:
^
for
$4,612,000,
of
assets
$225,813:
which
at
June
$752,000
30,. 1946
amounted
to
*$219,003
approximately
represented cash.
*
•Profit.—v. 164, p.
76,927
935,787
^7,59?
$189,351
623
$2,526,152
6,714
$2,076,333
$275,989
iy $189,974
$2,534,866
145,667
8,656
5,679
73,475
233,217
'
•
I
—
—
46,667
6,715
81,361
mtge. bonds
& deducts—
int.
to
surp.
rcs._
;.
,
$2,085,776
:
5J?So?2
t
77,210
Cr84,063
590,000
income
period.
Net .current
income
Transfer
102,738
99,420
on
Other
„
Loss
78,282
$275,986
3
revenues
income
Gross
Int.
——
oper.
■f
$926,983
net
Total
—
taxes
taxes
Other
wiawiwrwr
Loss$136,483
Balance
1946—Month—1945
1946—12 Mos.—1945
$988,154
$893,203 $10,088,064 $5,699,652
376,213 _ 345,068
3,957,266
3,821,075
162,668
177,133
1,477,705
1,842,771
95,005
,
107,724
1,191,154
1,051,880
Depreciation
$6,542,736
483,409
expenses
'*■
Light Co.—Earnings—
31—
Operating -revenues
$6,339,786
4,108,098
„,~j
exclusive of
Selling, administrative and general expenses
V *.w
4
*
2850.
p.
$1,878,221
$2,704,605
profit for the period
164, p. 418.
—V.
Continental-Diamond Fibre Co.—Earnings—
the
,
to
voted
change rights, Mr. Evans stated.—V.
Subs.)—Earnings—
$9,218,474
revenues
Inc.—Output—
week ended Sept. 29,
i946' amounted to 191,900,000-kwh., compared with .172,200,000 kwh.
xor the
corresponding1 week of-1945, an increase of li.5%. '." Localpurchased)
,
were
the
double
than
$6,721,708 $12,523,692
sh. on 2,728,359 shs.
$3.42
$2.46
$4.59
F. H. Lerch, Jr., President, states—The volume of gas sold to all
classes of customers during the first six months of 1946 was 84,636,Net
^.announcedvthat System, output of; electricity *
generated -and
!
WW-'
•
Tom L. Evans, Chairman
present
,
1946
receivable,-$209,854; inventories,
Co.—Larger Dividend Declared-
have
Nov.
on
completed
■
Total
Pa.,
accounts
preferred share for four common shares. *
one
Other
of
WUkes-Barre,
(&
Total income deductions
133,257
.
Consolidated Biscuit Co., Chicago—Proposed Merger
ot
1946
1946—« Mos—1945
Sales
y
$448,089;
revenues
operating
Gross
$880,122
,302,865
$517,156
28,832
;
•
$148,453
-
—
30,
Net
of
.
main.
contingencies
share
of
—
Total
$6,500,607
3,663,891
358,567
3,986,462
78;977
—
1946
"
directors
when
1946—12 Mos—1945
$3,285,147
1,847,388
153,753
1945
1945.
There
$41,323,977 $39,349,441 $71,606,321
Purchased gas
11,437,259
10,993,317
20,668,822
Operating expenses
10,471,440 " 9,960,057 21,378,651
3,224,610
Maintenance
1,521,547
1,539,227
Cleveland
fire
loss
54,091
1,302,217
345,502
4.402,950
2,331,824
Deprec., depletion and amortiz
2,298,118
5,566,000
2,832.000
Fed. taxes on income—estimated—
4,366,000
Other
taxes
3,885,318
1,940,868
1,957,048
1,295,000
Portion of payment to annu. fund—-—
operating
Net
Connecticut Railway & Lighting Co. —Earnings—
Period End. June 30—
a
i.ll
$6,211,000 $18,439,000 $12,329,000
$9,822,000
V
Operating
15,
The
—July 1 to Aug. 21
1945
Period Ended June 30—
distributed in
amortised
be
surplus, Dec. 31,
July
-
Total
de Caja" of the>
"Bonos
as
$60',475
To Redeem Preferred Stock—
673,114
164, p. 1328.
Consolidated Natural Gas Co.
ng *rom Jan- 1. 1947, and a yearly coupon will be payable
starti»S hi 1948. Distribution of these "Bonos de Caja"-
t
will
The
same
42,533
—
—
A dividend of 10 cents per share has been declared on the common
stock, payable Dec. 16 to holders of record Dec. 5. This compares
with 5 cents per share paid on April 25, last," and on April 25 and
of
in
accordance with the sinking fund provisions and, on or before Oct.
28,
1946,
$674,
874
would be deposited for redemption of 3J/2%
debentures and $368,899 for redemption of the preferred stock.
Net sales currently are
running greatly in excess of the $123,487,826 reported for the past fiscal year which were at an all-time
high. Working capital stood at $15,175,664 on June 30, compared
with
$12,591,534 shown for the 1945 fiscal year. The latter figure
was
After
giving
effect to
the permanent
financing
which
was
consummated on October
5, 1945. Ratio of current assets of $23,386,679 to current liabilities of $8,211,015 was 2.84 to 1. Earned
surplus on the same date was $3,812, 582 compared With $1,437,900
in the previous year.—V. 164, p. 1328.
the
E in the form of 4%
having the
years.
3
voted
(net)
,
reported that earnings were enough so that approximately ;10%
the outstanding debentures and preferred stock will be
redeemed
United
company
income
on
LIABILITIES—Mortgage notes payable, $120,000; accounts payable
accruals, $126,256; estimated Federal taxes on income, $204*567:
estimated renegotiation of war profits,
1945, $60,000; capital stock
($1 par value), $472,561; earned surplus, $148,453; capital surplus,
$375,166; totfcl, $1,507,003;—^, 163, p. 3282.' *,
-•'#
Dec.
1,358,422
>
"3V
and
Cummings, President, reported to stockholders at the .an¬
meeting held Sept. 3 that the company had ended its fiscal
year June 30 with the highest sales and greater amount of working
capital and earned surplus in its history. Mr.
Cummings further
that Guaranty Trust Co. of New York,
States, has been notified that on Sept.
distribution to stockholders, out of
th<j special
reserve fund, of a dividend for the fiscal
year 1945-46, in
ine amount of
4o pesos Argentine National currency per share of the
»eues a, B and
C, and 8 pesos Argentine National currency per share
*n
1946,
$121,464
5.974
$308,322; total current assets, $966,265; property, plant, and equip¬
ment: Land, buildings, machinery and equipment, at cost,
$652;584;
for depreciation and amortization, $121,343, $531,241; patents
(net), $1,011; deferred charges: Prepaid taxes, insurance and expend
$8,486; tota! $1,507,003.
<
?
|f
Nathan
Voted—
Oct.
on
de
stock,
f5
123,516
expenses—.
reserves
nual
has objected.—
160, p. 716.
>
513,071
37,850
2,358,373
263,083
601,650
Consolidated Grocers Corp.—Current Sales Up 58%—
hearing
American
%
y
.
income
Sales
American's
consents,
in the plan t0' which the city of Minneapolis
?rCs^«e
V.
Earned
50%
Co.—Hearing Set—
to
for
i
$1,265,407
—
Surplus net income
$9,595,245
amortiz.
in: Federal
on
Earns,
SEC it
and
In
.
^
V:
—-
preferred stock at $25
of the
amendment, American proposes
1,100,000 shares of new common to
is for
.
.
-
BALANCE SHEET, JUNE 30,
$2/164,023 $11,104,090
172,986
660,806
of prem. on bondsAmounts. equiv.
to re¬
to
week
the
.
1.
Other deductions
ASSETS—Cash,
$3,707,804
-
1946
a
$1,000,000
1,020,427
Crown Drug
company and its subsidiary,
to acquire the assets of Minneapolis Gas
Under
and
■'I
ACCOUNT, SIX MONTHS ENDE& JUNE 30, 1946
Provision for Federal taxes
$3,541j804
166,000
income—i
income
Gross
-
the
the
stock.
make
the
from
share.
per
$127,438
revs._
Other income
Net
plan from $3 to $1 per share.
has requested the City of Minneapolis to
assignment by Minneapolis Gas to American its prop-
American told
erty,
& Power
to
^ower Co.,
offered
.
194,615
amounted
an Amer*can subsidiary, will be considered at
u
15,
&
notes
Net profit from operations
income
$10,150,472 $10^24^987 $41,193,895 $41,738,247
3,084,138 : 3,T)84;p76
11,990,508
12,281,395
165,835
142,370
1,150,163
1,076,589
4 Wks. End. Aug. 21
amendment
of 4%
Selling, advertising, administrative and general
$3,717,212
595,574
expenses—.
Taxes—
7.1%
272,144,894 as compared with 239,994,206 for the corresponding
in 1945, an increase of
32,150,688 or 13.40%.—V. 164, p. 1591.
be
-Loan Placed
Other
$13,460^440-$13,469^)34 $54,334,567 $55,096,231
7,960,734
7,414,327 30,895,749
32,302,669
amortiz.™:
l,2B9,-593
1,630,455 *
5,944,592
6,293.067
608,313
.2*260,228
6,390,135
7,570,544
oper;
Operating
weekly kilowatt hour output of electric energy of subsidiaries
corporation, adjusted to show general business conditions of
1946,
to
Cost of goods sold
$2,927,024
1946—3 MPs.—1945:
revs.—_
oper.
revenues,—
Steam heat'g oper. rev.
Commonwealth & Southern Corp.—Weekly Output—
26,
shares
common
J—-———
Net sales
957,164
-
,
Other
Sept.
of
Crampton Manufacturing Co.—Semi-Annual Report—
•
only)—prem. and exp. on bds. red—
«Period End. June 30—
Electric
,
ended
amount
[Including Maryland Counties Gas Co, wholly owned subsidiary!
164, p. 1590.
jmjtwy served, for the week
like
a
274.
p.
number
Consolidated Gas Electric Light & Power Co. of Bait.
Increase
>
173;42o,OUO
.
193,446,000
176,491,000
7——
new
tire
$4,382,486
Co.
'
.180,203,000
193,189,000
„
Sept. 14
Community Gas
.
the
working capital.
21,327,503
v
2,124,155
1
$4,674,377
income
Total
193,279,000
reduced
Earned surplus, June 30,
- -
year:
has
Insurance Co. $1,250,000 15-year 3%
loan, due serially March and Sept. 1, to Sept. 1, 1961; In
addition $500,000 2% loan was sold to Chemical Bank &
Trust Co., New York and City National Bank & Trust
Co., Chicago. Of the proceeds $750,000 was used to re-^
1,330,386
'.9
♦
,
,
The company
ern Mutual Life
291,891
>,4
York--,
V? e -A
1946
$29,164,529
—
—
New
Privately—
has placed privately with the Northwest^
30,
—
—
—
ble in consolidation
•
1946
Sept. 28
A
JUNE
——
v'
„
Cornell Wood Products Co.
1591.
. _
iA'" Ar-v
' 1
350,000 to 150,000.
The stock is to be offered at $8.25
Aronson, Hall & Co. are underwriters.—V. 164; p. 1591.
Special charge equivalent to related tax reduction (applica¬
23,082,683
_...
percentage comparisons with last
this
p.
44
By an amendment filed Sept. 25 company has eliminated the pro¬
posed offering of 80,060 shares of cumulative preferred stock (par $25)
in
;:
The
FOR
RESULTS
"
income
tric
■Electricity output of the Commonwealth Edison group of companies,"
excluding sales to other electric utilities, for the week ended Sept. 28,
showed a 1L4% increase over the^correspondiug period last year.
Following are the kilowatt hour output totals of the past four weeks
of
164,
Income deductions of Consolidated Electric & Gas Co.
26,844,827
13,732,000
$145.
V'.v?v
Continental-United Industries Co., Ii
Amends Registration Statement—
Net income before income deducts; of Consolidated Elec¬
.I v.' 307,000
—-T-
11,765,126
Weekly Output-^
—V.
—
Edison
1946
o.7%.
Sept.
1941.—V.
Income deductions of subsidiaries
-
and
*
•
INCOME
7,239,000
14,032,207
.13,732,000
$1.02
outstd.
of
six
since
operating income
Other income (net)
kilowatt hours were 4,810,821,589 In
compared with 5,376,971,685 In the
corresponding period of 1945, a decrease of 10.5% caused by a re¬
duction of more than 20 % in output to industrial customers, offset
In .part by an Increase in residential and commercial sales.. Total
electric revenues decreased 0.7%.;
*
'
*
'*.>!■
•Total sales
of
gas
in therms were 157,746,110 in the first six
months
of
1946 compared
with 163,934,511
in the corresponding
period of 1945, a decrease of 34%.
Total gas revenues increased
first
••
Consolidated
that
company
revenue
on
income—
Earned per share
the
the
He will take the place of
Utility
4,491,000
643,000
prop.-
Number of shrs.
of
deductionsfederal income and excess profits taxes—
Retirement and amortization Reserve ' accruals...
un-
net
"
■&
;
and
the
by
t.
Oct.
on
• revenues
1
—
losses
of
Consol.
„s
Controller
appointed Senior Assistant Controller of Con¬
be in
charge of the company's general
announced
Department
Operating
Operating
disc.
of
debentures, to acquire debentures and bonds' of
underlying companies and to redeem outstanding pro-' ?
£erred; stocks1 called for payni^ht Ocl; 1—Y; 163;"tt.
will
and
CONSOLIDATED
47,096
,
.2,265,500
of
and expense
elected
was
4%%
Consolidated Electric & Gas Co. (& Subs.)— Earnings
10.457,557
1,500,000
24,383
57,057
Cr66,000
Cr301,360
7,954,300
17,556,200
-4,876,600 Cr2,189,600
intang.
debt
amortiz.
post
Auditing
applied as a—
Write-down of
has been Controller of this company for
Sept. 10 elected a Vice-President of the
part of the Consolidated Edison
which is
Launey, Auditor of this company since 1941, retired from
Oct. 1 under the provisions of the company's retirement
He
was
succeeded by Arthur E. Hald, Manager of
the
program.
-
750,000
Crl68,600
9,970,900
cons—
taxes
profits taxes.
Chgs. equiv. to Fed. tax
Total
22,018,454
19,910,367
4,810,742
31,299
Fed. exc.
reducs.
on
Co.,
S.
that
.
debt
deductions
income
Continental Telephone Co—Sells Debentures Private^
company has sold privately $4,800,000
25-yefct
3.%% debentures, series A, dated Aug; 1, 1946, due Ai^fi
1, 1971. Proceeds will be used to redeem outstanding :
ly—The
Rodey, Associate Controller, has been placed in charge of the
company's tax department.-
.■
charged to
Fed.
-—J1
:
750,()00
unfunded
on
other
&
^ ^ jjb*v
»nii.B,. ,11 ■!»■■■
Arthur E. Hald-will
Reuel O. Launey,
who plans to retire on that date under the company's age rule.
Mr.
Hald has been Manager oi the auditing department since 1941.
disc.
& expense
Int.
22,410,648
19,936,096
■
cost
property
Int.
11,247,120
9,953,622
.i
-
I
department.
also
was
become auditor
f
'»•*-\
depreciation-
Amcrtiz.
of
&
taxes
Federal
who
was
was
Edison
■
State,
'T .i: "ffl i
"I
also
was
John V. Cleary
jj.
f■
years,
a A-7^
and
solidated
98,219,225 192,638,793 192,080,720
108,823
104,880
296,238
2,789,518
5,385,408
5,421,718
35,574,626
76,170,640 70,900,895
5,521,865
11,612,067
11,260,530
,
-
jjj
^ ■>'
Iff
appointed Controller of the New York Steam Corp.
He was formerly Senior Assistant Controller of Consolidated Edison. •
97,719,591 191,537,756 191,002,515
499,634
1,101,037
1,078,205
97,160,315
774,464
—
income
Other
Bischoff,
23
Charles' E. Eble
1946—12 MoS.—1945
1946—8 Mos.—1945
J.
past
Co.
r„'.;
,.i,
i
.....
■„I| f
,
System,
Commonwealth Edison Co. (&Subs.)~Earnings—
,
h.miImT.'-I
Westchester Lighting
164, p. 1206.
Period End. June 30—
iT ■' 1,1'r
I
Changes in Personnel—
'
9,345,
-
-
of 6.7%.
$109,503
31,755
.
the
income—
Net ry. oper.
y
*15,979 '
1,115,172
,140,485
46,325
.
railway..--,.-.
from
Net
$152>807fj
.
railway.
from
1943
1944
*
*'3,085
•
7,450
Net *y. oper. income.
Gross
1545
$109,593
1946
$152,402
■
distribution of electricity amounted "to 182,300,000 kwh., compared with
170,800,000 kwh. for the corresponding week of last year, an increase
Columbus & Greenville Ry.—Earnings^August—
■
..
■.
:-a
surplus,.—$14L246.$128,973* >
Dividends applic. to pfd; stocks for thei period-' <Balance.
i:Balance J
—V.
164,
p.
i.i:;,,,'
1206.
•
"
■
•
k?
;
.
362,474
$1,305^00
:
$1,110,26®
-
I
^
s
•:?.i
,.i \.
'
/j
1/1 o
Davison Chemical
.
at
Corp.—^Changes
Personnel—
111
',
6%
meeting oi the board oI directors held oil Aug. E7, 1$46, the
following changes in officer personnel were made:
At. C. Hoop, formerly
Secretary and Controller, was elected Treas¬
urer
and continues
to
hold the office-of Secretary. V
W. B. McCloskey,
formerly Assistant Secretary and Assistant Con¬
troller, was elected Controller.
^
•
E.
J.
J".
J.
the
tax
matters
Griffin,
corporation.
the organization on Sept.
who joined
Assistant Controller.
Mr.
Griffin
construction Finance Corporation,
Acting
Chief,
V. 164, p.
Administration
to
comes
Davison
he
Office
where
Division,
from
the
standing debentures
and
of
Re-_
275.
payable
acceptances and accounts payable
that
1
Accrued
Fetiod End.
Gross
June 30—
&
revs.
oth.
1946—3 M6S.-—1945
at
prices
in
not
the principal
of
excess
.
„
amount
$6,037,145
$5,432,358
3,142,433
2,807,345
394,383
,
T^Xfes
ether
income
Federal
than
457,554
5
1-
458,231
income taxes—
Gross
prof,
,
682,000
income
$1,296,925
at
result
$1,083,832
112,502
$971,329
of
the
reduction
profits
deduction
of
is
excess
the
for
tax
company's
shown
$3,832,053
450,011
816,«8o-'
~
Gross
tax
has
$3,382,041
been
reduced
of
purposes
bonds.
An
$1,959,327
costs
amount
$1,509,316:
$990,000
applicable
equivalent
as a
to
to
the
from
Net
ry.
—V.
•
August—
1946
railway....
is
Gross
Net
$3,641,095
627,080
600,157
income—
railway
railway
'August—
1946
from
ry.
railway
railway..
1943
$4,609,313
678,224
1,100,300
579,514-;
in
than
From Jan. 1—
Gross 'from
Net
Net
ry.
5,834,859
2,323,975
Gross
and
power
1944
$6,547,560
1,670,827
1,499,246
325,892
566,527
783,472
gas.
depreciation—
Federal income taxes...
exc.
profits
ry.
to
due
Net
oper.
Oct.
Gross
54,815,648
19,415,623
8,844,672
income
balance
for
Number of
778,422
547,923
Earns,
—V.
per
funds
•J
1,073,930
273,246
333,228
333,039
$1,036,398
$2,436,016
110,296
24,603
ry.
$2,546,312
279,989
575,130
$781,012
$1,971,182
160,000
$1,811,182
1,162,600
& Rio
Net ry.
$701,012
1,162,600
$0.60
Grande Western
$1.56
Gross
Net
..'
1944
from
Net ty
—•V.
railway
$6,438,927
$6,164,963
income—
164, p. 1591.
2,084,687
1,250,648
52,360,406
45,368,733
14,197,956
9,192,588
46,646,2^3
20,840,749"
20,447,502
8,688,650
,
1,996,165
..
■i
ry.
28,
Other
—
y Net income
*The provision
/ Detroit
for
&
from
Net from
Mackinac
Net ry.
Prom
Gross
Net
and
State
annual
oper.
income.
Jan. 1-
from
from
railway
railway
64590
4MW
nss
217 504
(&
84,316
58,261
*220^000
taxes
provision
Operating income
$204,029
161,148
$26,888*
2,062
•
...
income
Gross
———.
income
...
$28,950
8,055
,
Total- income deductions
Prov.
for Fed.
Coast
income
Public
taxes
157,392
Operating
Operation
Taxes
(incl.
Net
.
oper.
inc.
revenues
In
3'179
$24,919
-$112,233
Income
$400,000
for
res.
Interest
amortization
$207,100
$218,600
$217,000
Miscell.
21,262
36,113
$164,777
$2,621,793
25,583
342,625
$190,360
$2,964,418
61,800
37,003
2,752
741,679
425,942
23,084
*14,988
*21,368
2,743
9,984
16,928
$88,805
$1,773,713
$1,524,893
1,828,300
389,998
2,280,000
*206,070
30,907
265,299
486,191
173,312
C.
were
of
}
deductions
Balance
Preferred dividend
a 2%
stock dividend on the com¬
holders of record Oct. 11. No fractional
to
stock
distribution
cents
Feb.
on
was
1
and
made
on
Aug.
1,
May
1946,
each.
dividends
of
2%
paid.
each
and
one
cash
9-4°3
$75'619
*3,424;
2'69°
to
to
$.03
in
the
past
fiscal
year.
He
told
85
®
E,
77,652
24,710
$1,447,241
21,477
$1,671,352
$1,425,764
$1,671,352
$1,425,764
interest
U.
A
stockholders
that
subsidiaries
(as
above)
__
232,368
Ealance
164,
and
p.
for
^
dividends
157,140
and
156,694
$1,746,580
surplus
419.
Ebasco Services
For
$1,631,022
...
interest
available
205,258
$1,903,720
Expenses, taxes
—V.
year.
$1,474,329
Inc.—Weekly Input—
the
week ended Sept.
26, 1946 the System inputs of client
companies of Ebasco Services
Inc., which are subsidiaries
of American Power
Si Light Co., Electric
Power & Light Corp. and
of former National
Power & Light
Co., as compared with the cor¬
responding week during 1945 were as follows
(in thousands of kilo¬
operating
watt-hours)
.
Net
1946
sales
B°°tS
general
Profit
on
and
1945
:
—
406,566
550,589
399,283
$2,393,741
administrative
$3,006,020
expenses..
50lj352
i'ales
4392
17733
fiVpsn
66 750
S !'
63 968
Operating Subsidiaries
American
$21,047,966 $20,108,353
17,697,070 116,201,698.
Loss under leasehold
Interest on notes
payable
Other deductions-net
,diy!idends
Distubutions*
Electric
Power
Pov/er
*Based
m
common
stock
on
(60c
stock
share
share)
per
(4%
Former National
at
end of
.
Trnri'p
Trade
172 123
with
acr.
int
'
1945
-v
'
sup...
3,676,818
at cost,
less
reserves
"
15,286
:
----L1SZZ7J11ZZZZ
1 An
'156 989
'
9Q*7
3,235^310
3,419,041
cost or less....
insurance and rent
duties
2,626,550
514. QRO
14 184
•
w
FOR JULY AND 12
revenues
income
Other
oper.
taxes...
04 881
lso',772
Total
(net)—
$4,033,127
$3,977,348
115,546
1,479,689
1,308,296
18,877
24,333
185,610
296,943
290,802
34,867
29,903
420,953
574,260
35,414
401,617
390,752
$109,547
$1,248,314
9,532
$1,216,523
29,866
amortlz..
18.267
$1,257,847
221,700
$1,246,389
235,850
$92,453
$1,036,146
3,539
1,173
$110,721
17,802
/' Balance
—$70,120
Preferred dividend requirements
—'V.
196,713"
$84,333
$87,922
Balance
$14jl64 673 $i1>30ot195
1946—12 Mos.—1945
$333,622
35,359
revenues..
income
Balance
Interest &
1946—Month—1945
$364,990
25,000
taxes
Other
MONTHS ENDED JULY 31
164,342
21,088
8 ,24°
'
a
Pr^no^ taxes,
Prepaid ifnvestl^ents» at
Import
Process and
Operating
Fed.
1 482 940'
assets):
Wnvp^aAeK^1S' WOlk in
I Dries
*1.4
11.4
(Tex.) Electrie Co.—Registers With SEC—
Period End. July 31—
^754,566
1"292 831
' ' ,
*769
10,673
■
-
Net
valued at or below
the lower'co'st
market (exclusive
.of import duties
car¬
ried in other
.
NOTE—The above figures do hot include the
system inputs of any
appearing in both periods.
The system of Dallas
& Light
Co., a forfher Subsidiary of Electric Power & Light
Corp., is henceforth includted," for both
'periods, in American. Power
& Light Co.
group.—'V. 164, p. 1591.
;
Operation
Maintenance
Depreciation
31
mventones.
55,729
93,197
104,020
;
Pet.
6.1
.
j
$3!585io88
10,811
Power
EARNINGS
$2 30
1946
g°vernmen^receivable
securities,
accounts
.
Amount
companies' not
399 284
year.
BALANCE SHEET, MAY
ASSETS-
Light Co.
.
due
189,554
Cash
Power
'"Decrease.
1945
177,256
bidding.
Net
proceeds
together with general funds, Will be applied to the
redemption of its $6,500,000 of first mortgage
bonds, Series A, 3*/4%,
1970, at 108.
•
<
$647,223
_L1_5 $3S
outstanding
1946
Light Co._—188,667
Light Corp
54,960
company Sept. 27 filed a registration statement for
$6,000,000
first mortgage bonds due 1976 to be
sold through competitive
591 701
each).
&
—Increase—
of—
&
The
W •-
I:;:::;;;;:::-::
on com- stock
per common
,UV"n
iFixed
657,789
77,652
Total
past
assets,
649,848-
minority
to
Non-subsidiary income
Geier, President, predicted that sales this fiscal
year might
total of
$25,000,00$ compared with $21,000,000 for the
a
ncc
srrS
E. Co.
440,888
$1,696,061
Applicable
dividend'
I
or
$9S
deductions, B. V. G. &
Balance
INCOME ACCOUNT FOR
YEARS ENDED MAY 31
•
•
accruals
EASTERN UTILITIES ASSOCIATES-
year.
compared
hv
a"er, by
1943
W'49?
&
Earnings of
declared
similar
30
stock
$2,714,098
731,390
1,737,400
686,739
$2,398,598
315,500
50,922
weaving, production and yarn
processing capacity would be increased
upon completion of two
new
mills
in
North Carolina next
1945
auartpr
1946—12 Mos.—1945
$98,583
Retirement
1943
addition, the company
two
shnwn
as
i^c
'?9'999
Earnings—
Subs.)—Earnings-
$198,115
61,879
35,944
1,709
Balance
1,703,400
145,204
dividends
year,
cents
39,021
$165,964
32,151
1944
income.._
year.
$154,434
$919,203 $12,299,562 $11,735,959
539,567
7,235,752
6,874,796
53,261
610,704
618,088
161,598
1,831,313
1,844,477
45,460
133,160
taxes)
22,223
1
6,937
$44,296
15,026
.
4,350
(&
$981,247
636,664
1945
income—
18
$147,496
M15
5.
1946—Month—1945
1946
A
624,827
$42,881
Cr4,500
...
Associates
July 31—
revenues
$236,900
Oct.
30,'46
$772,324
$25,395
Non-oper. income, net-
on
June
of East
Co.!
Service
surplus
163, p. 2851.
period End.
641,008
issued.
12 Mos. End.
1945
$183,837
156,948
Operating revenue
Operating revenue deductions
Eastern Utilities
Judging from earnings in the first three*months
of this fiscal
year,'
Geier expected the
earnings will approach $4 a common share
$1,032,942
on
of
June 30
1946
128,676
"
$883,631
407,500
Subs.)—Earnings-
Silos. End.
3
/
1943
Profit for year
$515,853
$142 008
49'ofo
of
East Coast Public Service Co.
$445,543
f
210,176
Ry.—Earnings—
1Q4fi
railway!
$376,143
448,008
cash
30
,9f?£
....
losses
railway
$367,471
77,498
55,821
401,112
railway
railway
"Earnings
Federal
one
Period—
3V2S,
69,093
be
1,375,000
8,396,029
two
and
amounts
Maintenance
railway
railway
1,375,000
*8,826,594
dividends, one of $753,490, payable in the month of
of $645,848, payable in the month of
July.
Therefore,
$4,951,504 and $8,826,595, respectively, include the
dividend of $645,848 declared in June, '1946,
payable in July, 1946.
The amounts stated for the six months and"l2 months'
periods ended
June
30, 1945, include but six monthly dividends and 12
monthly
dividends, respectively.—V. 164, p. 7. •
the
.
J__
the company's policy to declare and pay dividends
oh
stock each month; however, in June,
1946, the company
common
June
—V.
1944
1328.
p.
$8,806,816 $10,507,649
•
been
El Paso
_____
basis of tbe
result of
a
August—
;
348 250
incurred in the fourth
of the sale of
property, etc;—V. 164, p. 1328.
reason
Gross
income
l.i
^rrh/PH1Snfnas
arrived at
687,500
4,305,656
-Earnings-
1945
SSKeS™
"
on
mortgage
income...
will
this
E.
l^6'nCOme--------
interest
_
1,799,589
223,055
income
Federal and State taxes
$6,095,590
687,500
t*4,951,504
836,441
stock, payable Oct.
Selling,
346,806
...
than
first
2,795,647
directors
*
1945"
$3,676,719
$3,518,762
2,009,082
....
v
Taxes, other
road's
634,239
oper.
Last
of
;
1946
——L
expenses
Depreciation,
its
stk.
1591.
j0ld --TProvision for depreciation
6 Months Ended June
30—
revenue
bonds, which will mature at
period of 16 years, are designed
the
2,849,356
oper.
shares
1,701,970;
/ Denver Tramway Corp. (&
Subs.)—Earnings—
Operating
Operating
a
of
Duplan Corp.—To Pay 2% Stock Dividend—
2,953,632
286,305
.
considered, Oct.
The
over
14,832
from
The
$6,486,351.
2,131,746
33,148,495
4,567,819
1,982,442
oper
be
Mr.
515,220
___
$5,284,911
—
1st pfd.
stock.
Applicable
1943
880,409
Gross from
railway—1
$7,595,906 $11,798,058 $13,490,104
1,500,376
2,991,241
2,982,455
*Deficit.—V. 164, p. 1207.
RR.—Earnings—
1945
From Jan. 1—
Net
to
2,853,929
562,357
from
Net
$1 18
$4,798,989
income—
bids
179,567
fiscal
railway
oper.
for
From Jan. 1—
paid
*
$0.97
&»et from railway..
25,384,705
13,885,249
5,234,771'
2,696,433
from
$1,373,178
1,162,600
80,000
1946
from
income.
♦It has
$6,549,902
4,607,973
1,72.6,331
-
27,430,400
Tt,185,654
7,624,841
$377,443
'46,513
from
ry.
$1,533,178
160,000
2290.
Denver
deducts
cum.
declared
railway....
railway
164,
Net
$2,110,305
577,127
r-August—
.
.$6,772,171
1,487,259
1943
1946
oper.
Net
$2,070,574
39,731
$1,061,001
share.
,
,
,
1944
$5,955,071
3,885,934
2,162,326
7,418,614
bonds.
retirement
from
reach
Gross
serial
for
1962.—V. 364, p.
1,
from
Gross
1,113,504'
1,032,801
329,557
231,410
132,646
166,083
$1,123,894
1,162,600
shares.
com.
163, p.
of
.$1,200,000 annually
August-
632,341
1,117,566
1,298,574
515,967
$1,203,894
80,000
common.
com.
of
27,096,493
13,617,767"
Duluth Winnipeg & Pacific
Ry.
277,137
—
-
stated Mr.
vigorous increases
From Jan. 1—
mon
Net income
Preferred dividends
number
a
invitations
from
—V.
$1,481,031
deducts...
inc.
-J
Dividends (cash)—
high,"
1945
19,896,938
7,558,782
4,315,978
from
Net
1946—12 Mos.—1945
319,930
$1,413,178
67,853
Gr?SS income
Total
B.
all-time
an
$5,493,926
3,404,082
2,010,292
2,054,103
railway
railway
Net ry. oper. income—
Net
$12,966,821 $12,946,305
1,573,759
3,443,800
3,164,225
1,632,112
2,998,437
3,252,456
116,457
(net)
by this corporation
Sands, President, re-
Duluth South Shore & Atlantic
Ry.-
1,192,166'
Subs.)—Earnings—
171,961
taxes..
revenues—
income
Total
income
Common
Merrill
ago,
3,431,333
has issued
2,973,692
643,766
$7,538,980 $11,666,107 $13,364,146
56,986 131,950
125,958
-
"balance
'
Other
Gross
>
Recording
instruments
$5,356,265
income.
company
provide
Net
543,453
Federal taxes....
and
local
revenue—
income^—
$6,468,271
(net)
State
$6,706,753
65,417
oper.
5%
1946
oper.
583,700
249,533
other
Other
2,641,020
52,712,406
14,659,990
8,101,262
taxes
Other
Telephone
Today's output is the greatest in Dicta1081.
164, p.
railway..
railway..
from
1,842,200
292,833
690
taxes
taxes..—
Net
$7,445,543
799,619
prof,
income
Invites Bids—
1943
$6,644,978
1,904,'614
1946—6 Mos.—1945
,
Maintenance
Fed.
year
from
Net
2,380,829
3,237,974
1,203,033
1,579,656
-
..
the rate of
(&
of
From Jan. 1—
-
J.;i Period End. June 30—
Operating revenues
Operating expenses
for
a
from
Gross
Prov.
Output
recording
from
The
RR.—Earnings—
11,326,051
3,443,580
Delaware Power & Light Co.
Purchd.
1,530,030
560,784
—
railwayrailwayNet ry. oper. income.
10,140,330
6,139,921
5,766,420
$6,093,311
1,263,788
668,098
tV. 164, p. 1206.
*
50,605
1,467,119
468,964
1,578,533
345
V
2,846,538
Duluth Missabe & Iron Range Ry.—Earnings—
32,109,969'
8,923,704
44,788,218'? 50,684,613
income...
oper.
56,523
2,935,806
August—
railwayrailway
from
40,803
production since V-J Day.
phone history."—V.
•
taxes-
142,959
2,873,966
1,363,159
431,823
1,072,051
271,654
telephone
greater
Net
33,990,065
1945
$6,275,074
1,241,122
614,339
income—
oper.
163,363
91,655
income
-
excess
State
4,407,686
131,366
2,201,228
3,376,122
2,236,577
131,021
1,133,785
•
(net)
$305,953
55,847
Corp.
15, for $19,200,000
Net
$349,510 '
2,702,177
August—
$4,002,571
806,157
31,858,716
6,581,539
3,335,321
Delaware Lackawanna & Western
Net from
174,445
backlog of orders stands at
"Fortunately, we have shown
Sands.
Gross
1944
328,814
28,011,629
3,657,919
1,955,925
Net rv. oper. income...
—V. 164, p. 1206.
Gross
1943
5 1944 ;
$277,055
.
'
.
841,369
from
from
Federal
Fed.
A.41945
..4,256,083'
1,144,800
plant
adjusts..-.
(other than inc.)
1206.
p.
300%
"Our
2,144,606
>of"elec.
Ambrt.
Total
Dictaphone
-
Net
1945
$4,234,904
railway.—
oper.
-
1,248,808
ported.
Prom Jan. 1—
■
1,696,936
1946—12 Mos.—1945
TPEprvp
Instruments at Record High—
Split-up of Shares—
Delaware & Hudson RR.
Corp.—Earnings-
Net ry.
1,369,757
3
Net
: At the special meeting called for Nov. 6, the stockholders will
vote
on
increasing the authorized capital stock from 500,000 shares to'
1,500,000 shares and on decreasing the par value of the
capital stock
from $1 to 50 cents
per share in order to effect a'
split-up of the
present stock on a two-for-one basis.—V.
164, p. 1328.
Net from
6,375,417
3,004,550 *
1946
income—_
oper.
r
!
this
Decca Records, Inc.—Proposes Reduction in Par
Value
from
6,087,130
2,423,454
$395,491
railway.
164,
.
86—
Feriod End. June
'
.
Operating revwatteBit— $21,446,068 $22,365,776 $42,560;833 $44,076,861
-8,103,553
7,211,911 15,820,536 14,635,948
Operating •expenses—Maintenance
2,683,488
1,397,158 f 1,158,761
2,432,127
Af>prop.
to
retirement
as
and Two-for-One
Gross
6,070,406
2,279,009
$709",640
*
railway
Production " of
.
176,966
.
railway
ry. oper. income—
Net
months ended June
taxes
are
283,186 %
121,134
.From Jan. 1—
a
special charge in income deductions for the
30, 1946. The special charge and the reduction'
both non-recurring.—V.
164, p. 146.
12
of
$3,560,-275 in 1945.—V. 164, p. 7.
acquisition
railway
from
291,4'8l shares at-May* 31, 1946 -and 280,586 shares
tAfter Reserves fdir depreciation of $3,818,376 in
•
from
Net
'450,'0'H
174,231
-
-
from
■3,033,048
$14,164,673 $11,300,195
and
Taxes
Gross
$490,813
201,293
56,697
Detroit & Toledo Shore Line RR.—Earnings—
—
1,402,930
521,903
3,924,978
surplus
♦Represented by
May 31, 1945.
*
V
August—
112,502
v'
.$688,514
115,572
243,514
6,219,807
1,849,327
993,175
railwayrailway-:—.
Net - ry. - oper-. income
—V. 164, p. 1207.
$2,776,308
.946,973
$603,316
—
refinancing
1,253,000
2,982,800'
Net
Net income
Preferred dividends
NOTE-^-Federal
$5,769,026
990,000
219,470
$590,762
400,728
from
from
Net
.
.
213,093
$'987,010
1943
From Jan. 1—
Gross
1,695,029.
l'457;i05
Duquesne Light Co.—Earnings—
1944
*
148,923
84,176
600,000
—
Total1'.
.
1945
,
2,028,413
1,812,330
2,193,000
255,000
$822,786
.
^
1946
Gross froni railwayNet froin railway—
Nfet -ry/ opef. income.
<
«*
431,842
273,000
703,000
taxes-
Special charge
Interest -and other fixed
Charges
.Balance
1,709,626
Fed.
—
Fed. excess
$24,301,445 $22,198,169
12,562,160
11,462,618
—
——
Earned
"*
>
1,476,376
120,286
87,444
...
payable —.—4—
r~
for contingencies
*Common stock of no par value .—
Capital- sur. (resulting from stock dividends) _
Detroit Toledo & Ironton RR.—Earnings—
August—
liabilities
526,178
*—
—
Reserve
4
be
•
for
Dividend
\
nxii.
purchase of out¬
,
1946-—12 Mos.—1945
inc.
Operation and maint...
Prov; for depreciations
1,050,103
—
and other compensation
^estimated Federal, taxes
Other * accrued
accrued
trustee by lot.—V. 164, p. 1206.
light Co.—Earnings—
&
5,000,000
—
*
wages
Provision
1946
Dayton Power
Si:,M>
Notes
Trade
*
interest.
Any amount not so applied within 20 oays
applied by the trustee "to the redemption on Jan. 1
1947, oi
ah equivalent principal amount of debentures at the principal amount
thereof plus accrued interest to the date of redemption.
'"the particular debentures to be redeemed shaU -be; selected by tne
been serving as
Rubber Reserve.;-—,
has
Oct.
on
of the issue.
.The trustee will apply these funds if possible, to the
'
elected
Was
:v'tlABILITlESr-Tu-
of /
J
-
announced
was
shall
3,
'
J
fund
,'K-
the
for
$450,000
About
Redeem
'
-
this, corporation Jias_ paid to
Equitable Trust Co., Detroit, Mich., trustee, for its 20-year 6% sink¬
ing-fund debentures, the sum of $450,000 for deposit in the sinking
formerly Manager of the Tax Department, was
Secretary and Assistant Treasurer. He will continue
Assistant
handle
Debentures—<•
It
_
Hardesty,
elected
to
Detroit Steel ttorfe.—To
;,
a
164,.p. 1328.
^
;
;
»•
^
67,501
$968,645
.
..
.
•
$1,010,539
-
•
67,501
$943,038
•
'
..."
-
Number 4531
Volume 164
THE COMMERCIAL ^FINANCIAL CHRONICLE
BALANCE SHEET, JUNE 30,
(Thomas A.) Edison, Inc.—Iliter. Elected Director—
current
i
ferred
EI Paso Natural GasCo. (Del.)
(& Subs.)—Earnings—
1946—Month—1945
Period Ended June 30—
$598,565
157,399
103,207
1,144,494
1.542.346
27,413
28,319
Explor. & devel. costs...
6,168
19,461
334,159
183,131
1
$232,702
Dr6,032
Maintenance
depletion
Taxes, other than Fed,
Deprec.,
income
Balance
—
418,968
—
_
$252,440
Z)?l,014
350,477
231,464
.
Dr21,649
income
Gross
$226,670
Total income deducts...
Excess
"/
income
.Pfd. stk,
84,000
389,926
997,926
div.
8,631
$2,054,095
103,579
$129,721
$1,950,516
surplus
164, p. 681.
Gross
Total
interest
dividend
income..
Other income
^
:..
*'
r
*'
u.
■
$520,000
income.
696,670
ry.
$1,985,000
79.Q48
110,925
$1,044,563
$4,465,663
522,375
108,582
,925,838
$659,418
$2,908,868
Pref.
stock
1,059,917
1,514,167
4,956,373
373,616
BALANCE
SHEET
JUNE
459,706
431,565
Net
companies.!..
1945
367,500
625
Total
$5 preferred
stock
$6 preferred stock
Common .stock ($5. par)
Accounts payable
"
declared
~
__
Reserves; (appropriated from
-
Deferred
58,818,760
26,251,788
401,745
1,059,916
"IT
~~
604,160
capital" surplus"I
4,893,982
credits
surplus
Earned surplus
it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as passible. «
•
Period End. June 30
Subsidiaries—
Operating
'1946—3 Mos.—1945
3 Mos.
revenues
29,152,256
11,881,388
2,042,395
2,801,977
2,694,495
Other
taxes—
taxes
Charges in lieu
on
of taxes
■
33,899,535 130,099,857 141,994,607
12,361,950
49,544,652
49,067,808
2,209,343
8,665,862
8,759,500
6,041,842
11,937,923
21,437,379;
2,985,221
11,635,939
12,057,715
2,600,000
Prop,
retirement
and
depletion reserve ap¬
19,158,003
20,064,771
Net oper.
5,566,743
5,572,937
26,557,478
86,250
86,250
345,000
27,571,112
345,000
5,480,493
5,486,687
26,212,478
27,226,112
275,453
264,290
599,779
573,249
revenues
to
Balance !
Transfers to
from
and
of subs.
Liah•t
Other income
~
''"<■
:
expenses. I—"IIII
int., etc., deducts, from
income
Prov. for Fed. taxes
on
tocoihB
Bal.
-
19,191,927
JDrl98,618
Dr496,000
4,141,753
3,756,526
19,385,713
400,385
505,216
1,699,100
18,695,927
3,808,347
173,218
921,396
670,721
3,560,437
3,078,092
16,765,217
14,216;859
Gross
from,
from
Net
ry.
income—
Jan.
From
Gross
from
Net
from
ry^
railway!—
railway
income—
oper.
3,078,092
16,765,217
4,020
10,834
,
14,216,859
-
-
-
carried
to
14,230,984
Gross
608;948
Other
373,896
414
580,138
1,521,280
160,000
"
'■
105,000
206,000
-
299,000
con-.
.
3,292,474
2,473,049
15,371,514
earn. surp.
11,801,756
d*vi-dend requirements appncaoie ro respective penoos wnetner
carnea or
81,299,991
8,819,344
*42,660
(INCOME
■•iwF
■"•oiai
STATEMENT
OF
COMPANY
expenses
Jnt. on debentures
?!?er, int. deductions—
Amort,
130,167
618,399
608,948
364,725
109,144
568,281
1,458,900
25,697
"414
539
of
debt discount
and
exp. on debs.
income
i
Ped' taxes
Net income
Qn
11,318
9,171
Balance
36,683
105,000
206,000
299,000
.
$2,646,515
-$1,923,627
•
$9,958,953
$5,694,-703
revenue
-
163,
of
Boston,
Mass.,
store
committee recommends
S.
Ames,
that the offer be accepted.
one
'i
years.
i
Secretary.—V. 163, p. 901.
as
f;
Redemption—
m
M
federal
1945
1946
w.
$2,329,669
885,274
taxes
__
$1,294,291
735,794
after federal taxes
outstdg
(excluding, treasury
profit
$.1,444,395
818,568
$1.76
$558,497
j
shrs.
per
p.
share
1425.
common
on
stk.)
stock
818,568
■,h
$0.68
$
The
New
York
Curb
Exchange
on
Sept.
11 approved
the listing of
I
■>#
corporations approved the consolidation
on Sept. 17.
For details, see "Utility Equities Corp." in the "Chronicle"
of Aug. 26, 1946, page 1128.
Trading in the common and dividend priority stocks of Utility
Equities Corp. was terminated on the New York Curb Exchange on
Sept. 17.—V. 164, p. 1082.
stockholders
of
both
-I
a
(M. H.) Fishman Co., Inc.—September
if
1
-
for
EARNINGS
85,000
166,601
169,595
Other
$354,413
31,249
Crl41
450
,
increase
100,000
shareholders
in
shares,
their
the
common
no-par.-
Total
Other
to
150,000
company-also
selling expenses
$384,620
37»6?8
4,173
—
—
—
$78,583
8,289
28,458
income
deductions
Prov. for Federal and State income taxes.
ft
shares
was
27 author¬
of
$1
t
(net),
on
SHEET, JUNE
t
s
hand, $1,000; cash on deposit, $111,493; accounts
inventory, $215,168; permanent assets, $56,-
total, $470,151.
vLLABILITIES!»-Account8. payable! $34,458;
5 i,
notes payable, hank,
$23,-
$10,465; reserve for
(50c par) , $139,500,
$56,889; total, $470,101.
*'
•
5 •
• - ' * •
loans payable, stockholders, $6,000; accruals,
estimated income tax 1946, $28,459; capital stock
paid
in
—V.
164,
surplus,
P.
i'f
k-
30, 1946
$85,000;
other assets, $1,425;
000;
par
authorized to
I
$41,844
BALANCE
•066;
meeting held on Sept.
stock
The
—
■0-
$322,904
outstanding to 130,900 shares from 65,450, giving
two shares of new stock for each share held of old. —
number
;
l
;
profit
income
ASSETS—Cash
annua)
tV
—
—
and
Net profit
400
$383,480
.
;
at
1946
Crl41
premium
2852.
p.
1, 1946 to JUNE 30,
144,220
$415,038
surplus
PERIOD JAN.
of sales--
Administrative
Gross
85,000
192,604
FOR
Npt sales.
Cost
■
981,420
31,250
and
"]
Pa.—Earnings
49,273
expense
dividends
A#'"
1593.
164, p.
Fleetwood-Airflow, Inc., Wilkes-Barre,
$1,780,928
*
$4,727,555
$5,438,039
93,331
51,964
$569,848
$679,294
$1,687,596
$1,970,413
1,056,211
Sales Increased
1946—9 Mos.—1945
1946—Month—1945
Period End. Sept. 30—
1945
$1,873,894
—
—
bond
of
stockholders
an
Trust
the balance in quarterly instalments over five
taxes
'receivable
from
Estate
Real
104,308 y2 shares of $1 par $2 dividend cumulative preferred stock
and 2,914,739.37 shares of the 10 cent par common stock, issuable
pursuant to an agreement of merger whereby Utility Equities Corp.
will be merged with and into First York Corp.
Faultless Rubber Co.—Split-Up Voted—
The
Business
First York Corp.—Listing, etc.—
.
41,329,481
13,747,118
1946
.
debt
funded
interest
Balance
—V.
$169,380;
earned
1593.
surplus,
-
'j
•
|
•
•
U
m
Shares of
company
163,
—V.
capital charges
before
on
increase the
»
Com.
,
ized
160,000
34,145,693
13,714,065
Depreciation
-—
Taxes, other than Federal taxes on income
Provisions for Federal norm. inc. tax & surtax
•
of
John
profit before
—V.
1207.
p.
_____
Amortization
ALONE)
1946—3 Mos.—1945
1946—12 Mos.—1945
$2,916,073
$2,532,690 $11,363,490 $8,123,931
income
11,038,718
gross
Maintenance
Other
June 30~
,
exploring
Earnings
99,336,373" 106,468,081 104,412,199
25,363,249
income
Interest
-
made for the sale of all stock not sub¬
the offering price.—V. 163, p. 779. VJ
41
$12,185,056 $11,325,732 $13,392,377 $13,947,331
5,521,452
4,209,782
1,793,981
2,274,878
1,518,916
1,093,207.
1,458,692
1,322,971
earnings
Operating, costs other than those listed below—
unearnd.
fJS?0-? End*
and
Net
•
.
;;!,.«
(<
}'
at
Filene's Sons Co.—Offers $150 for
that
Federal
1943
96,519
operating
Total
'
and rights to sub-
of the trustees of Business Real,
Trust, considers that the offer should be accepted, and has
assured the committee that his shares, will be deposited.
Several other
states
Net
Fall River Electric Light Co.—Earnings—
16,776,051
618,399
3,082,112
7-109,144
1944
1945
14,125
.130,167
3,562,032
shareholders
to
J
will be made on or about Oct. 15,
expire on Oct. 31.
Sales
*Deficit.-r-V. 164,
3,560,437
1,595
be offered
1—
Net
Corp.—
railway
railway
oper.
tp
additional 40,000
First National Stores Inc.—Earnings-
Erie RR.—Earnings—
Net
will
an
held.
The shareholders'
It
The
1946
shares
These
of
Quarter Ended June 29—
1944 which because
is less than the pro rata reduction in
such sale.
$ Including $748,516 (prior
19,584,331
k^Solids^ted
,
resulting
reduction
3,779,836
6 Months Ended June 30—
•
$2.80
expected to be employed throughout their normal life and not to re¬
place existing facilities.—V. 164, p. 1081.
(as
corp.
above)
Total
$5,339,945
8,607,434
in
cons.
Electric Power &
Nek equity of
Total
$5,379-,891
$2.82
7,227,926
August—
Co,—Rights to Stockhldrs.
issuance
has called for redemption on Nov. 1, 1946, through,
operation of the sinking fund, $625,000 of 20-year 3% debentures due
May 1, 1961, at 100% and interest.
Payment will be made at the office
of J. P. Morgan & Co., Incorporated, New York, N. Y., or at The
Cleveland Trust Co., Cleveland, Ohio.—V. 164, p. 1593.
2,119,092
1,971,141
-
■
2,119,092
27,799,361
from
the
Firestone Tire & Rubber Co.—Partial
7,459,038
26,812,257
reserves
ority interests
Net
equity ot corp.
•
years
authorized
stock
shareholders
The
7,498,984
5,750,977
4,141,753
Total
*Pfd divs. to
public.—
Portion applic. to min¬
ncome
prior
resulting
taxes
$1.47
at $7.50 a share on the basis of one share for each
8,
Alfred Gardner
180,931
deductions
.
011,486
period, $2,520,585) pro rata amount of tax reductions resulting from
the sale of transportation property in 1945 and in 1944 in excess of
related book loss.
§ Which are not offset by special charges include, in
addition to the $748,516 (prior period, $2,520,585)
referred to above,
amounts which result from deductions, in excess of depreciation at
usual rates, allowable for tax purposes as amortization of emergency
facilities but not recognized in the accounts since such facilities are
public, etc.,
franchise
in
write-downs
of
Federal
$1.31
other possibilites, the shareholders' committee con¬
ducted extensive negotiations which resulted in the Filene's offer of
full cash payments of $150 per share.
The shareholders' committee
consists of Charles W. Chamberlain and Eugene V. Sanger, Jr., with
transportation property in
sale of
have
common
Oct.
will
After
$1,424,465 in prior period representing pro rata amount
on
$771,628
!
shares
down
12,083,406
4,635,854
Cr4,140
Dr23,310
(net)
Gross income
int.
1,975,940
9,470,782
1,614,193-
Operating income
Net
book loss
$689,230
letter, the committee states that it attemped to have, the offer
straight cash offer.; At that time undisclosed
principals offered $150 a share on condition that at least 51% of the
shares be deposited for sale, payment for lots of less than 50 shares
tp be in cash and payment for lots of 50 shares or more to be made 25%
(1)
(2)
$148,442
In its
$10,219,298 $14,603,991
$159,030 pro rata amount of tax
transportation property in 1945.
of
$92,162
share
on
of com.
of last May changed to a
2,157,388
23,055
5,755,946
Rent for lease'of
plants
shs.
large shareholders also have assured the committee that they will sell.
4,269,732
3,824,593
3,411,522;
1,070,675
2,042,856
14,644
(applicable to com. stk. of parent co.)
based on 1,909,968 shares
sale
256,146
earned
Estate
$1,070,675 (prior period, $2,400,128), representing pro rata
amount of those portions of premiums and expenses on redemption of
bonds which are equivalent to resulting reduction in Federal income
of
4,728,242
income
•
$16,758,996 $24,878,760
-
of book loss
pfd. stock of parent company
including
tOf
$1,027,774
256,146
have been informed that Wm. Filene's Sons Co. (which leases the
26,703
214,679
(net)
share,
from
$945,376
64,036
Co-
■properties owned by the Trust) has made an offer to purchase for $150r
per share in cash all shares of the Trust which are deposited for sale
on or before Oct. 15, provided at least three-fourths of all outstanding
shares are deposited for sale by that date.
-
$16,973,675 $24,852,057
-
taxes, and
4,165,258
per
record
The
5,344,682
886,977
5,107,800
revenues-
to
(Wm.)
2,446,761
5,529,850
—
—
income
Total
$212,479
64,036
.
26,513
Realty Trust—
income,
Divs,. on
Per
3,036,322
propriations & deprec.
Other
4,425,470
acquisition adjustments—
taxes after extraordinary
re¬
$3,795,131
(prior period,
$10,-
erty in excess
1946—12 Mos.- •1945
income
Traction
Arrangements have been
for by stockholders
$2,520,585) pro rata amount of tax reductions
resulting from sale of transportation prop¬
subs.)
$156,196
scribed
$
Operation
Maintenance
Federal
(incl.
$1,267,854
240,080
!
directors
scribe
4.470,193
Adjustment, for minority interests
Earnings before giving effect to tax reductions
resulting
from
amortization of
emergency
facilities and excluding $748,516 (prior period,
Electric Power & Light
Corp.—Earnings—•
STATEMENT
4,418,614
4,773,810
891,643
excl. $748,516 (prior period, $2,520,585) -pro rata amount of tax reducts.-—
§Extraordinary reductions in Fed. inc. taxes—
possible
$1,181,624
236,247
The offering
27,241,451
—
Net
$271,908
59,429
655,015
1945
29,968,714
jlnterest and amortization—
tSpecial 'charges
Pfd. div. requirements of sub. cos
Applicable to minority interests
order.
EARNINGS
&
shares of
of
$61,559,729 $71,041,974
Balance
itNet
CONSOLIDATED
•
-
reasons
$202,841
46,642
i
IV,
„
Other taxes
—-$459,198,231$495,094, 985
NOTE—-For mechanical
in 1945.
of plant
Federal income
income
438,288
24,465
~
"
Depreciation
Other
105,560
12,211
dis¬
Federal Machine & Welder
15
—
323,201,620 323,201,425
29,755,417
33,385,851
—.
Lt.
420,520
operating
5~997
603,539)
rec'd
stock
.
Maintenance
Net
$586,325
v—V. 164, p. 1592.
$626,918 *$1,072,182
of
$718,870
352,209
308,298
•
1946
v
„
Capital
—
.
Operating revenues
Operation
ductions
$154,137
surp.,after pfd. divs!
$1,722,233
293,948
184,290
170,237
1,575
facilities
981,032)
$196,843
income
Amount
CONSOLIDATED INCOME STATEMENT, 12 MONTHS ENDING JULY 31
84,026,800
26,251,788
285,925
1,514,167
1,233*649
4,893,982
2,947,985
Pfd. ' dividends—Federal
.
$1,725,249
3,015
$1,104,552
273,621
33,077
170,237
697
,
sale of transportation property
$14,210,840 $20,301,200
_
*
amortization
Amort,
3,227,349
350,346
402,786
277,016
deductions-
Net
'
1,693
703,673
96,501
87,035
193,456
income—
•Income
!
"Including $159,030 pro rata amount of tax reduction, resulting from
,200
$4,798,357
716,048
84,113
110,711
423,017
$1,109,131
4,578
:
-
:
income
gency
$459,198,231$495,094,985
!.
(net)
and
1946—12 Mos.—1945
$4,976,369
of
Gross
Extraordinary reductions in
Federal income
taxes through allowance for amort, of emer¬
LIABILITIES—
taxes
income
Net
-
311,437
22,500
200
ZZZZ—IIIIIII
____
1
>'
Other income
The
-
Other current assets
Deferred charges—Prepayments
Accrued
.
.
Special charges
:
Pfd. div. requirements of sub. cos
Applicable to minority interests
30
938
Others
Dividends
;
operating revenues—
Interest
1,585,585
associate
y
split-up, the company in 1945 paid "
July 10 and Oct. 10 on the old $5 /
$1,234,803
income
earns,
sub.
cos.
from
524,903
$30,000,000 $30,000,000
Incoporated
100,000
"100,000
Bonds, Cuban Elec. Co. 6% deb. due 1948—
19,500,000
19,500,000
Stocks & op. war. Ebasco Services Inc.
1,690,000.
1,690,000
System, Companies and Miscellaneous
396,160,719 390,916,073
Cash in banks—on demand
11,309,769
20.899,517
Temporary cash invest.—short-term secur.—
68,479
30,067,979
receiv.,
on
<«
•:
•
1946—3 Mos.—1945
taxes—__
Balanced
821,498
receivable
was
"
,
$1,107,717
retirements.
Operating
*
171,662
Other taxes
Ebasco Services
Acounts
stock
taxes_^
&
^Current
389,191
73,914
1,110,753
170,781
1946
five-for-one
this year.
.Excess profits, taxes
373,142
407,493
74,581
Balance
COMPARATIVE
Accrued int.
2,178,586
——
——
Investment Securities, and Advances (Ledger Value)
Notes & ac. rec. Am. & For. Pow. Co. Inc..
.
general
Federal inc.
1945 *
$5,275,631
' 2,119,432
1946
$5,034,680
;
Depreciation
of plant acquisition adjustments—'
FederaL income taxes after extrordinary reduc¬
tions of $33,077 (prior period, $763,840)"
6,204,521
Assets—
the
of 37V2 cents each
shares.—V. 162, p. 3191.
posed
Amort,
dividends
applicable to periods.
to
Deprec.
(& Subs.)—Earn¬
^Maintenance
Other
Net income
April 25 and July 25,
Operating revenue—_
Oper.
exp.,
maint.
&
$3,570,154
expenses
which
1207.
p.
Operating revenues
Operation
$5,673,186
161,117
12,353
211,675
$1,217,107
119,612
taxes
Other
income—
oper.
Month of July—
187,846
$815,745
Other
preferred stock,
1592,
Federal Light & Traction Co. (& Subs.)—Earnings—f
21,697,958
5,935,125
1,161,511
22,907,446
5,710,453
2,076,856
22,781,399
5,628,989
2,269,131
Engineers Public Service Co. (Inc.)
2,171,197
29,841
351,909
Gross income
Federal inc. taxes
7%
of
p.
,
Period End. June 30—
;
682,117
183,465
,
$3,314,143
2,369,738
10,
Prior
1943
$2,559,577
1944
$2,879,536
649,650
249,073
1945
$2,087,562
67,519
'
*97,432
16,341,285
2,481,191
354,645
railway
'■'Deficit.—V. 164,
-
1946—12 Mos.—1945
■
461,657
4
'
■>
1946
$2,702,817
840,641
462,154
railway—-1
from
'
$503,858
437
______
'
from
Net
.
Total
Jan.
,
Electric Bond & Share Co.—Earnings—
1946—3 Mos.—1945
164,
dividend of 15 cents per share .has been declared on
stock,.par $1, payable Oct. 25 to holders of record Oct. 10.
Quarterly distributions of 10 cents each were made on this issue on
ings—
Period End. June 30—
4,545< shares
:dividend&
railway—.
railway
oper. income—
ry.
$2,100,777
■
the
but unissued.—V.
the capital
From Jan. 1—•
$2,204,356
103,579
$101,853
require...
eliminate
given; To change the company's articles of incor¬
enter the general plastics field; to make 4,000
available for sale to executives and
key men;
A quarterly
1592.
from
Net
$138,353
stock
Fedders-Quigan Corp.—Quarterly Dividend Incr.—
\V'
*
from
Net
$3,816,772
409,285
1,072,468
130,662
$110,485
8,631
________
Balance,
—V.
$3,441,948
902
August—
Gross
*
-
Net
-
32,185
income taxes..
profits tax..—
Federal
$251,426
30,752
82,321
may
new
Elgin Joliet & Eastern Ry.-^Earnings—
$3,859,492
Dr42,719
■
to
par
.
$3,463,598
and
was
it
so
of
authorized
reacquired capital stock (973 shares of 7 pre¬
shares of common stock), $103,109; total, $163,-
;
Net
■
and
—V. 164, p.
—
Other income
stock
shares
LIABILITIES—Capital stock (no par value), $155,044,139; accounts
payable, $62,820; accrued interest (incl. $1,479 for which cash is in
special cash deposits) , $2,405; dividends declared (cash in special cash
deposits); $1,282,926; accrued taxes, $416,549; other current liabilities,
$10,050; reserve, $57,203; earned surplus, $6,525,895; total, $163,401,985.
i
$7,953,094
1.550.345
37,736
$7,962,345
2,295,380
541,580
Approval also
poration
$2,462;
assets,
401,985.
1946—12 Mos.—1945
$579,947
196,01'4
40,484
77,163
Operating revenues
Operation
1946
ASSETS—Investment securities and advances
(subsidiaries), $152,925,291; cash in banks (on demand), $5,689,157; special cash deposits,
$1,287,487;
temporary cash
investments
(U. S. Govt, obligations),
$600,000; dividends receivable (associate companies), $2,794,478; other
Riter, III, a partner of Riter & Co., investment bankers,
has been elected a director of Thomas A. Edison, Inc.
Mr. Riter is also Chairman of the board of directors of Copperweld
Steel Co. and a director of Standard Cap & Seal Corp.—V. 164, p. 1328.
Henry G.
V / 1 *\ i
■x >
■
•v.-.-
r.-
•
/
•1*946
August—-'
from
Net
railway—-
from
Gross
railway
$2,088,559
$2,301,458
514,489
$1,988,747
418,952
279,077
*195,969
Not ry. oper. income—.:
i
*
$1,633,338
<67,107
-
991,324
598,484
'
340,338
VI
8.009,377
i^etry. oper.' Income-*- : 2,166,892
3,610,612
railway
raiway
*Deficlt.—V. 164, p. 1201
reducing
in
22,921,400
passenger
12,151,505
22,627,413
10,053,291
4,547,011
21,131,772
4,042,939
from
from
AA Period— AA
•Operating
ProdUCtiori^FallS^
General Motors Corp.—Car
materials dio^d; last
Shortages of baslc^raw
factor
17,877.100
Net
6 Mos. End. June 30
units were produced in the
28, as against 27,374. In
-high for the' current year. ...
car
a new
was
A,v<tv>
Fruits, Jtac.,; Haines Cityi Fla.-
The
producers of frozen orange juice concentrate and
products, on Sept. 26 filed a prospectus under Regthe Atlanta (Ga.j regional office of the Securities and
Burnside &
offering of 75,000 shares of com¬
an
cents per share.
The net proceeds of the offering, $236,250, together with a
loan of $150,000 from the Exchange National Bank, Tampa,
discounts $45,000
60
or
:
t
Total
that
Operating
revenues
Operating'revenue deductions
^
"
,V71,066
81,937
$176,313
16,719
profits taxes
Retirement reserve accruals
765,368
60,365
25,765
-
'
United
the
(net).
'A
v'
$253,839
77,383
3,512
5,861
5,586
821
844
392
1,032
382
—Coaches
53
80
80
&
G.M.
1,602
1,382
$149,049
Total
Flour Mills of America, Inc.—Control—
Gate,
of
formerly
this
U.S.
has been acquired by Henry H.
Vice-President of Tex-O-Kan Flour Mills
corporation
Executive
of Dallas, Tex., and associates.
The corporation has 461,504 shares
Co.
The
number of
shares
not revealed.—V.
164,
now
Canada— 32,803
37,307
32,889
656,211
_
and
owned
of
common
for
the
428,054
{
stock outstanding.
by Mr. Cate and his associates
number
holders
for
the
third
There
the
balance
Food Machinery
Sates—regular
Satete—war
Inc.
fr.
Motors
-
Prov.
and
postwar
1945.
profits
N«t income
1,717,098
of
it
is
56,620,891
20,346,073 103,078,816
The
Cr322,800
839,184
1,486,200
1,271,273
$1,386,907
——
$873,071
1,354,830
8,924,813
u$2,220,184
$2,071,177
.power.equipment.-a.
The Bolens facilities, which include a .modern
plant building, well
equipped with machine tools and fabricating equipment, will be called
Products
—John
with
Bean
Division,
Division
"two
other
Food
Machinery
agricultural
Manufacturing
San Jose,
of
Calif.—V.
Corp.,
divisions
Co., Lansing,
164, p. 954.
and
Food
of
Mich.,
and
will
City Mfg.
Co.,
St.
dividend
a
the
280,'000 shares
statement
of
($1
par)
common
with
stock
the
has
SEC
been
June
17
of
quire
Interest
Carolina
capital in
the
shares
of
of
sum
$70,000) of the consideration for the
shares without par value, being the
1,000,000
the
company, to $180,000 in respect
such reduction be effected by
each ot
1,000,000
Public
will
Utilities
of
the
said
the said shares.—V. 158,
of
1/10 share
Carolina
have
been
York
Curb
shares
called
of
for
Exchange
\rk
has
cumulative
redemption
on
received
Nov.
accrued dividends of 33 V3 cents per share.
In view of
the redemption call, the
share of preferred into four shares of
notice
convertible
1
at
$100
privilege
common
that
1 000 000
all
preferred,
a
share,
V.
>......
of
close
business
for
be
will
each
made
deliver
all
an
of
of
its
own
General
common,
date
for
the
Public
the
808,587
distribution
preferred
stock
of
South
Utilities
Carolina
will
it
BALANCE
value,
of
and
Federal
tories,
the
Fed,
norm,
and
1946—Month—1945
$856,029
$822,707
701,368
625,717
$100, '
Prov.
plus
payable
taxes
&
Gas
the
of
Electric
Co.
the
on
surtax-
Fed.
exc.
profits
Depreciation
45,500
13,900
44_, 369
57,598
tax
....
87,300
plant
Gross
Income
income
deductions—
^videnda
$64,791
1,874
Divs.
$467,913
2,517
$66,665
3,580
$40,709
3,450
declared~on~iommon3s°tock
—V. 164, p. 826.
$37,259
$713,328
248,263
A
\
,
$28,900;
ac¬
»
>.,
surplus, $651,919;
$1,204,629;* earned
surplus,
•
July and August operations were at a profit.
August shipments were over $1,000,000, a record volume.
Both Detroit and Adrian plants are booked to capacity for all ol
1947 and the remainder of 1946. /Work has started on 1948 models,
for some automobile manufacturers. •
"X-*-*-
shares
of
will
the
of
ac¬
Unfilled Orders on Hand
Has Large
corporation now is shipping more bathroom accessories in any
one month than it did during an entire year prior to the war, it was
announced on Oct. 1 by James Gerity, Jr., Chairman of the board,
and Louis W.
Blauman, President.
This division of the company,
The
stock
of
ing
General
engaged in both die
is
manufactures,
small
some
This
"total
the
total
became
effective
on
Sept
27,
it
amount,
1946-
casting and plating, as wel]2 as operat¬
was started in 1938.
Unfilled
according to Mr. Gerity.
is
Adrian
the
for
orders
unfilled
bathroom
for
all
accessory
is
departments
department alone,
many times this
was
1946—12 Mos.
202'800,
"
2,172,503
income
$686,963*
297,902
Cr9,717
prem. on debt
495
income
3,753,187
5,099,182
covering 210,000
being registered,
120,000 shares of authorized but unissued stock are to be sold for the
account,
of the
company. The balance of 90,000
shares are to off
company-has filed a registration statement
shares (10c par) common stock. Of the 210,000 shares
$8,398,224
3,633,911
Crll6,607
selling stockholders. Merrill Lynch,
named, as principal underwriters.
comoany was incorporated in Delaware on Feb. 19, 1946 ana
on
March "l,
1946 took over the business of its predecessors, con¬
sisting of seven partnerships and three corporations. Goldring Inc. is
a
retailer of merchandise exclusively for girls,
juniors, misses ana
sold
$6,604,534
223,005
2,676,064
$188,646
$3,928,470
wear,
Gross
Net
from
from
ry.
railway
railway__„_:_
oper.
income
From Jan. 1—
^
/
;Net
from
ry.
1945,
196,709
$557,583
185,025
22,445
56,606
64,936
V
rallway__
:
oper. income...
—V*; 164..P. 1208i
-
3,732,$08 ^ 4,553,068/^4,502,5l6v
659,918
*
185,984
'
1,762,415
539,639
1,671,111
>
469,620
a
$100
The
$679,663
5,074,522
2,557,654
817,028
V
includes
and dress
wear
coats,
suits,
accessories;
furs,
such
as
dresses,
sP°rj;£"
hosiery, gloves,
.
new
par
of
issue
value.
of
directors
35,000
-This
3 Vs%
have
shares of cumulative preferred
preferred
would
replace' the
fund debentures, due Nov. 1,
new
sinking
not
determined
the
rate
on
the
."With
expected increases in
postwar business,
mob^fabric,.,thq^mjpanw may have/to carry
*
r
•;
stock or
present
1956.
proposed new
preferred stock, but expect it will not exceed 4%.
; The proposed new capitalization would reduce present
requirements, a company statement declared. It added:
355,752
f-l. 123,275
'/
i
are
merchandise
children's
$4,379,500
1944
$565,868
,,
Beane
Goodall-Sanford, Inc.—Plans to Refund 3V2 % Debentures—-Through Issuance of Preferred Stock-—,
The stockholders on Get,; 29 will be asked to; approve the creation,
-
Gross from; i raUway^***^
Net
1946. : I
$458,608
86,066
-
&
certain
of
account
handbags,vunderwear, costume.Jewelry and cosmetics.
of
August—
Such
women.
$2,194,688
163, p. 2853.
the
Fenner
The
$4,870,752
2,676,064
$175,278
for
Pierce,
10,168
$411,651
SEC—
Goldring, Inc., New York—Files With
3,471,333
5,393,320
$398,283
223,005
preferred stock
for and
with
The
2,526,263
850,375
$694,492 $10,309,794
301,506
3,589,919
Cr9,717
Crl 16,607
Cr8,948
- 231,947
568,546
Adams,
1945
$4,131,355 $51,040,545 $49,381,640
1,980,687
24,703,627
24,723,164
403,000
5,002,250
4,869,333
165,500
,
exc.
^
,
the Newport line being manufactured
distributed through Crane Co. exclusively.—V. 164, p. 278.
Dover and
Georgia Southern & Florida Ry.—Earnings-
$489,551
76,029-
$413,521
233,660
&
deductions
on
-V.
21,637
,
».
/Discussing eyents that have occurred since the close
to
stock of the South Carolina com¬
U.'s
wholly owned subsidiarv
taxes
Balance
Net
$749,164
35,836
P.
$4,177,665
2,329,905
426,750
long-term debt.
on
Net
1945
$731,098
18,066
,
bond
war
$1), $767,500; capital
total, $3,583,837.
~
Subsidiary Effec¬
common
1946—Month—1945
"1
taxps
income
Gross
$9,467,262
7,091,867
165,903
1,068,824
672,754
$38,191
G.
acquis.
mirafTav^
General
-
Operating income....
/ Other income (net)
common
the
Corp.,
depreciation!
of
Perioral
Federal
on the Exchan8e 8t
1946—12 Mos.
$1,516,488;
$319,757),
(trade),
and
which
expenses
expenses
for
Amort,
converting each
expire at the close
$9,741,715
7,597,387
474,150
366,150
572,929
of
^
$564,997; payroll deductions for employees"
purchases, $15,446; accrued salaries and
wages,
$69,214; taxes, other than taxes on income, $37,758; prior
years'
Federal taxes on income * • and • renegotiation refunds
(est.),
$151,141; miscellaneous accounts payable and accruals, $46,736; re¬
serve
for workmen's compensation risks, $45,597; common stock (par
counts
income
-—Increase
Other
deductions
rebates, $301,772; inven¬
$826,513; property, plant and
at the Dresent time are in excess of $1,400,000
revenue
vrnmuiui
Operating
Galveston-Houston Co. (&
Subs.)—Earningsrevenues—
$675,206;
market,
or
at redemption
estimated refunds of
tax notes,
Treasury
t!ABIcrriE^--Nbtes^^^payable-Utrade and equipment,
Georgia Power Co.—Earnings-
Int.
Period End. July 31—
cost
of
lower
at
S.
renegotiation
and
income
on
equipment (after reserves for depreciation
4eferrecb^harges^$76t790;,4ota^ $3,583,837.
a
164, p. 1594.
Amort, of
Operating
Oper. rev.
taxes
SHEET, JUNE 30, 1946
U.
receivable,
accounts
&
the
dissolution
Gas
profits
««%£5b?vAS&SV** from deallngs
$25,217;
$161,851;
special dividend of 25 cents per share
reclassified $7.50 par value common stock of
Electric
33,750
*L
*
com¬
dispose
which
$196,441
33,750
4,125
dividends
ASSETS—Cash,
on
agent
escrow
v
33,750
dividends:
discounts,' returns,
allowances
and renegotiation
refunds.
tUnder the carryback provisions of the Internal Revenue Code.
Public
share
by
68,400
•Less
—
the
$3,747
Net
,
of
will
of business Oct. 28.
$148,797
profit
•
said. The line includes such items as glass holders,
toothbrush holders, soap dishes and similar products in that category.
There are about 6,000 display boards in use in various stores through¬
out the country "and.. another 8,000" are on order to be shipped as
rapidly as production permits.
r/-'1'4/
'
In the bathroom line the company markets under the names Vernon,
Gross
of
par
$176,749
290,000
Cr218,000
as
pany
(George A.) Fuller Co.—Calls Preferred Stock—
outstanding
44,000
—
Preferred
the amount of $45,369 and
at
as
the dividend
Period End. July 31—
The New
45,000
195,000
45,000
(est.)
profits tax..—
Common
Utilities Corp., payable Nov. 15 to holders of
record Oct
7
certificates will be issued in lieu of fractional shares
(see
164, p. 827).
General
888.
p.
177,213
refund
tTax
common.
new
days after
The reclassification of
and
returning to the holders
paid-up capital to the extent of 5c upon
shares
188,982
15,198
Scrip
outstanding
shares and that
;of the said
issue
231,324
367,539
V.
on
allotment of
$1,459,040
1,020,630
and
tax
surtax
Excess
declaration
common
directors have declared
South
of the shareholders will be held on Oct 15
reducing the capital of the company from $230,000, being
tfoe aggregate amount (after giving effect to a previous reduction
of
vote
6,566
$2,414,648
1,808,917
expense
normal
Fed.
Utilities—
Reclassification and Dissolution of
A special general meeting
to
1943
$1,453,001
6,039
$4,427,392 '■ $3,148,565
4,258,908
2,385,801
products sold—
gen.
&
adm.
Public
-
30
1944
$2,408,082
expenses-
week ended Sept. 27,
the
the dissolution of General Gas, by the sale of such shares
through, brokers on the New York Stock Exchange.
cash
and
operations.
*
1945
12,432
of
Selling,
tive—
Four Star Petroleums Ltd., Calgary, Ala., Canada-
normal
in
$3,145,351
3,214
income
income—-.——
upon
164
Plans Capital" Distribution—
,
for
capital surplus in
distribution
Carolina
The
3
60
shares
covering
withdrawn.—V
the
of earned surplus
Carolina's
2,930
341.
p.
The
General
South
Within
Louis—Registration With¬
filed
out
South
new
stock.
whom
Machinery
Bean-Cutler
for
registration
include
dividend out
of
drawn—
'The
this company
of
,
a
South
Forest
.-
Corp.—Weekly Output—
Carolina.
mon
be
$150,000 for use
Total
The program includes the reclassification by South Carolina of its
outstanding 43,394 shares of $1QC par value common stock, aggregating
$4,339,400, the premium applicable to such stock in the amount of
$1,725,000, together with an appropriation from capital surplus of
$2.50 into 808,587 common shares, $7.50 par value, having an ag¬
gregate par value of $6,064,402.50.
}-■
:
'
•
General
Public Utilities will
declare a dividend on its common,
payable out of its capital surplus, at the rate of one-tenth of a share
,■;;
of
loan
were
$4,414,960
Other
1594.
Utilities, as
sole stockholder, will acquire all the assets of General Gas, con¬
sisting chiefly of all the common stock of South Carolina, subject
to any liabilities General Gas may have.
Partner engineering and expansion of the Bolens line, built under
the tradename of "Huski", will be undertaken by Food
Machinery
Corp. for the benefit of small scale fruit and vegetable growers,
nurserymen,
florists,
country estates,
and others requiring small
the
"
its
;A
the
<
30,
par)
1946
holders of preferred stock of record
the day preceding the dissolution of General Gas.
With the dissolution of General Gas, General
"
- -
and
transactions
•Sales
General Gas will declare and pay in cash to General Public Utilities,
this
Gerity-Michigan Die
name
INCOME ACCOUNT FOR YEARS ENDED JUNE
15 and
dissolved.
be
(2)
that
hank
a
highest
the
the
under
1946.
r,
and Exchange
transactions
South
Co.
associated
output
(1)
announced
Bolens
is
stock of record Aug.
common
1946,
8,
The income statement reflects the operations of
(previously Gerity-Adrian Mfg. Corp.) only for
Corp. in connection with the merger of that company with
Gerity-Michigan Die Casting Co. were redeemed at par on May 7, 1946.
by South Carolina out
of earned surplus of a dividend in the amount of its net carrying
value for 4,670 shares of common stock of Atlantic Utility Service
Corp. held by it, payable by the delivery of such shares to General
Gas subject to all
claims which Atlantic Utility may have against
,
taxes—
corporation has acquired the Bolens
at Port Washington, Wis., one of the oldest manufac¬
turers of garden tractors.
The Bolens concern today produces five
models of tractors with a variety of attachments for
plowing, har¬
rowing, cultivating, mowing, seeding; and fertilizing.
It also builds
equiment for row crop spraying and dusting, a lawn mowing attach¬
ment, and a scraper-type snow plow.
the
total
quarter
...
21,974 represents
electric
will
Gas
-AcquisitionProducts
third
1946
The
March
of
as
Co.
Mfg.
Commission approved Sept. 26 a series
of transactions between the corporation, its wholly owned subsidiary,
General
Gas
&
Electric
Corp. and the latter's subsidiary, South
Carolina Electric & Gas Co., upon consummation of which General
ad-
"justs, and con ting
Prov. for Fed. inc. and
exscess
1,865,969
exps.
11,731,650
for
876,000
••
$13,957,741 $58,442,435 $23,921,087$115,561,006
(net)
,
preferred stock¬
.
The Securities
1,004,472
processes
costs
Tofctl
and
common
SEC Approves Transactions of Two
—
$3.22
These figures compare with 406,070 common stockholders and
The
•
775,243
$1.22
1946, 2,000 shares of 6% cumulative preferred stock
authorized but none of such shares were outstand¬
ing.
1,967% of such shares which were issued as of March 8, 1946,
to
holders of a like number of preferred
shares of Gerity-Adrian
1946, amounted to 133,754,472 kwh., an increase of 17,007,136 kwh., or
14.6%, over the corresponding week of 1945.
1946—6 Mos.—1945
$12,953,269; $8,873,688 $22,055,118 $15,032,972
48,692,747
98,810,936
machin-
income
Total
■
lines
contracts--
leased
and
cry
1946—3 Mos.—1945
684,740
$1.97
division
June
At
($100
Cost
Corp.—Quarterly Statement—
848,539
__—
report gives effect to the merger of Gerity-Adrian Mfg. Corp.
into the Michigan Die Casting Co., which merger became
financial
made
Producing Co. below.—V. 164, p. 1207.
Period End. June 30—
•
17,438
quarter of 1946 was 428,874, compared with
second quarter of 1946 and with 426,045 for the
General Public Utilities
■
58,449
21,984 preferred for the second quarter of 1946.—V. 164, p.
See Texas Gulf
309,477
$2,496,029
adjustments incident to the merger
of the two
companies necessitated certain revisions of accounts of
the Michigan Die Casting Co. for prior years.
i
As of June 30,
1946, current assets totaled $1,990,559 and current
liabilities were $914,192, a ratio of 2.17 to 1.
Net working capital
was $1,076,366.
'
A *'
The company has no funded debt and at year-end had no liabilities
other than current accounts.
Since the close of the fiscal year it
428,874, Up Slightly Over Last
General
of
406,900 holders of
were
July 8.
Fohs Oil Co.—Consolidation Ratified—
218,537
$833,579
and
The
70,902
third
of
quarter
history.
in
was
555.
p.
total
95,685
____
outstndg.
stk
com
share
period March 8-Juns 30,
Quarter—
The
of
per
effective
30,112
Canada
of
-
1,524
979
-
Stockholders Number
control
$2,805,506
Gerity-Michigan Die Casting Co.—Annual Report—
This
15,252
Cch.—Trucks
Cadillac
164, p. 555.
Stock
2,269,047
$1,052,116
163, p. 3134.
with
83,990
873
Buick
Trk.
—V.
Adrian
4,833
12,347
7,219
8,095
Pontine
53,028
$176,455
—V.
1,207,872
$1,668,977
stock
preferred
shs.
No.
Casting
4,748
3,694
6,177
—Truck
$202,078
deductions
$5,074,553
1,142,163
•Equivalent to reduction in income and excess profits taxes result¬
ing from refunding bonds applied as a reduction of refinancing costs
206,315
172,229
9,886
7,700
3,637
3,392
'
Income
Av.
Jan. 1 to
Wk. End.
Wk. End.
7.792 "
Chevrolet—Passenger
GMC
income
Gross
deductions ....J..'
•
$1,764,662
on
Earnings
truck
tabulation of production figures for par and
Oldsmobile
Other income
$2,906,825
States.
Following is a
Wk. End.
$237,119
Federal income and excess
$2,259,988
$2,351,476
§. $2,997,496
Xf 90,671
balance
Income
Supplier strikes, as well as raw material shortages, continued as a
hampering factor. There was an increase in supplier strikes over the
previous week with a total of 58 affecting production in the United
States and Canada, as against 57 a week earlier.
Forty of these were
$1,062,304
/ 705,715
98,339
$1,133,919
___
91,488
2,611,143
2,529,677
1,941,356
207,250
$5,276,323
201,773
846,188
-2,184,227
a ' 207,250,
t
a
income
Dividends
production in the Sept. 28 week was about comparable with
the week before, considerably less than in some other recent
The week's total for the U. S. was 8,540 as against 8,331 the
-divisions:
;1945
a
car output in the U, S. since Jan. 1,1946. was
compared to 1,449,733 for the same period m 1941.
as
previous week.
10-year
will be
in
*
of
weeks.
;
1946
Net
<
Florida Public Utilities Co.—Earnings—
*
12,735,210
1,256,134-
—
Net- earnings'
; Interest & /other
passenger
434,908
Truck
used, it is stated, to acquire additional machinery and equipment for
expansion of production, to purchase present land and buildings, to
retire certain loans, and to increase working capital.
1
12 Mos. Ended June 30^
^
5,078,146
^
"
only
30 Pine
Co.,
•
earlier strikes in those industries,
though the strikes themselves have now been settled.
even
St., N^w York, and Florida Secu¬
rities Co. of St. Petersburg, Fla.,
are named as underwriters.
The
aggregate offering price to the public is $281,500; gross undrewriting
Willis E.
profits tax—net
excess
'
•
continues to trace back to
condition
lruit
Exchange Commission, covering
mon
stock at $3.75 per share.
inc. and surtaxes--..*../
/•Charge
Net operating income
-Miscellaneous deductions (net)
Sept.
shortages of raw materials—pig Iron,;'fist Tolled .steel,
copper and lead—due to depletion of inventories and lack of produc¬
tion of these basic materials are becoming increasingly serious
This
company,
ulation A with
other oper. exp.
General
With SEC—
other citrus
only 7,792 for the
to
21
-Files
„
"
n
6,910,597
1,351,053
1,670,839
taxes
Federal
sheet
In Chevrolet, where lack^ of
off from 12,347 for .the week- ended
week ended Sept. 28.
"
"
Bulk of the weekly shrinkage was
:
—--
—
salaries and
General
Fed. norm.
steel caused the pace to go
Florida Frozen
—
Depreciation and amortization
'/Traffic/commercial,/general office '.O
23,284
United States during the
the preceding week, which
week ended Sept.
7,018,276
Only
Motors.
General
in
production
car
1945
Jun. 30,'46
$18,306,367 $16,569,143 $35,710,902
3,155,984
2,420,358
5,892 IT?
2,225,364
4,517,770
2,220,398
iA/'v a!;
■
12 Mos. End
..•1946
revenues
.Maintenance;/
'
From Jan. 1—
Gross
,
2817.
Utilities Corp. below.—V. 162, p.
See General Public
1943
1944
1945
-Earnings-
Corp.-^Diss61ved—
General Gas & Electric
Florida East Coast Ry .^Earnings--^
,
Monday, October 7, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
^
.
sinking f""0
1
s,,
particularly in autoa
substantially largej
inventory of raw materials,- goods in process and finished products.
It would, therefore, be advantageous to reduce the cash outflow du&
to the :aunual; sinking;fund - payment of - $325,000 o&~the: pre?*®*
THE COMMERCIAL & FINANCIAL .CHRONICLE
Number 4531
164
olume
preferred: stock' would have a maximum
The "new
annual
August—
subscription
X,°t
the new preferred stock. The present capitalization of the
Tlg
icrnv consists of 600,000 shares of common stock, $10 par value,
c0Whp 314% debentures. ■
O
Sept 1
1946, Elmer Ward, President, owned 35,063 shares
"stock
The next largest holder was William C. Langley of
not have any pre-emptive or
stockholders will
^mrSang° ly
2,
for
Net
•Deficit.—V.
decided to
This
...
..
m
the
®
iyidends,v
cumulative
...
3,000-mile
ward
The
in
owner
The
156-mile
Mo., and Rock
Southwestern
-
Rock
Island
Francisco,
Kansas
&
the
out all the terms" of the original plan.
Gross;
Net
*M6, .will
debenture
from
Net
•
ry.
659,592
306,254
—V.
the Bank
Francisco,
this year as Assistant Treas¬
of plant
adjustments
General
period as Assistant Treasurer of Triumph Industries,
Md.
Previously, he was General Auditor of the Pennsyl¬
vania Rubber Co., Jeannette, Pa. .•
Mr. Hickey,
Chief Accountant of Graham-Paige, until his present,
appointment, formerly was Controller and Treasurer of the Stinson
and Stout Research divisions of Consolidated-Vultee Aircraft Corp. at
Dearborn, Mich.—V, 164, p. 8.
a
)
a
30,137
j
48,000
326,320
The
directors
on
$1,704,329
173,343
Cr2,512
Cr34,746
Cr2,489
30,679
$148,425
5,513
$1,453,425
66,156
$1,568,244
66,156
$142,912
Non-recurring amt. equiv. to reduc. in Federal
$1,387,269
$1,502,088
621,655
1,083,949
$765,614
of
until
their
."Arrears total
14,302
Cr207
8,558
-
the
DivS.
$86,879
5,513
income
preferred stock
on
$81,366
Balance
due to the amort, of cost
taxes
Balance
have
would
it
as
of emergency
the war emergency period—
facil. applic. to
been
except
the
$83
full
claim
for
back
has
agement
the
worked
counsel,
company
EFFECT
GIVING
&
5%
plan
out
is
the
based
on
Common
($10 par)
($1 par)
shares
NOTE—As of July
31, 1946,
Depreciation
Amort, of plant acquisition
Federal
Other
adjustments
taxes
income
taxes
—
—
$1,600,078
584,03093,035
128,600
16,150
229,974
125,883
$1,446,960
504,741
74,081
143,333
16,817
164,347
108,441
$435,198
2,435
share
a
of Oct.
as
15,
shares
mon
be
entitled
in
transferable
liquidation
detached coupons.
This debenture stock,
ence
in
liquidation
would
($10 par)
cancelled
were
new
common
shares
shares ($1 par).
for
have
old
'
share,
j:
2,302
Net
*'
Operating
-
Sales
and
•
''*
after
over
class
$20
under
the
a
.
terms' of the plan, would have prefer¬
but
common
Operating
Other
_
to
mechanical
reasons
912,587
1,618,641
198,475
1,534,534
.
Net
on
156,200
$142,781
giving effect to tax
dividend requirements
_
as
possible.
' ' l'
depreciation
August—
«ec
from
«et ry.
railway—
railway
193,770
*157,828
Erom Jan. l—
Gross from
railway--—
«et
from
■wet
ry.
1945
sales and income
$2,955,437
528,000
reductions
1944
$2,850,000
1,923,194
1,682,795
1,601,077
Depl., deprec., amortiz., surrendered
leaseholds and abandonments, etc.
1,702,221
1,485,702
1,156,130
$2,050,850
12,072
$2,564,310
$2,257,995
$2,062,923
Net operating
Interest
income
and miscellaneous-
earned
Profit
399,147
from
-
24,806,000
5,093,434
3,204,030
*1,782,036
23,711,000
5,365,929
3,439,119
23,436,000
Total
6,977,507
operations
5,431,208
Lakes
1208.
———
Provision for Federal and
—
State income taxes—
Co.—To
Withdraw
Amended
request of the company-for permission
plan filed on Oct. 1, 1944, which provided,
granted -the
things;
s>mce
Of it«.
th#
the
u
•
!
Total
plan
proceeds
s
was
filed
Great Lakes
u-reai. XrtkK.es>
j.jicu
sold
sum
its investment
u.s juycbuiicui
in
jlii
one
wie
aries' Ohio Gas Light & Coke Co., and used a portion of
to
full the -claims ot its bondholders.—V.
satisfy
311.
'"*•'
$1,726,089
1,006,944
$1,396,524
8,847,253
$719,145
7,770,645
'
•
•••"
,
■
163,
.....
■
—
$10-243,777
r284,626
$8,489,791
■
284,626
^ ^
for the distribution of cash and a portion of
^ts.subsidiaries -to Its bondholders in full satisfacciaims.
« *
nM
.
:
•
Dividends
of their
$1,664,232
61,857
$2,411,623
1,015,099
—
Net.-, prof its-:
Balance at beginning of year—
-
Utilities
^wthdrawv R&' ainended
otter
«or
4,255,199
4,472,399
'
Plan
has
1945
$2,353,581
58,042.
—
'
p.
1,396,893
$20,640,609 $16,867,828
12,855,819 10,948,397
——
profit
««onq t««;
———— $9,959,151
*After deducting -debt retirement and postwar credit.
< - <4' 1111 *
Declares t
Larger Dividend—
$8,205,165
Balance at May 31
8,322
128,500
$1,937,201
y. $2.06
paid
$2,422,257
—
Net
income
Earnings per common share-.
-54,496
210,000
$2,004,179
$2.14
1946
•
1945
$3,344,536
$3,107,281
293,006
375,411
21,695,483
accounts receivable, U. S. Govt,
in banks,
Cash
$2.58
10,681
,
$2*268,675
SHEET, JUNE 30
ASSETS—
inventories of petroleum products,
materials and supplies—
———
Invest, in other cos., special funds & deferred
securities,
receivable—
accounts
—_
22,446,030
80,622
Net
capital assets
Prepaid and deferred charges
67,960
$26,164,194 $25,246,135
Total
other
and
income
payable, accrued property,
accounts
and
Notes
$882,128
Capital surplus paid in
Earned surplus:
'■
.dividend of 60 cents per share has been declared on the $10 par
stock, payable Oct. 23 to holders of record Oct.. 2. Previously,
the company paid regular -quarterly dividends of 40 cents per share
on this issue.—V. 163, p. 1566.
,
; r
363,668
98,180
12,794,489
3285.
p.
Houghton County Electric Light
v
363,320
95,965
14,989,336
$26,164,194 $25,246,135
i
Total
163,
1,500,000
9,285,945
47,500
•;
Appropriated for self-carried insurance
Appropriated for contingencies
Unappropriated
——
—v.
$1,156,352
500,000
9,285,945
47,500
taxes
obligations
term
12 Months Ended June 30—
Co.—Earnings—
1946
4 1945
$731,601
331,224
$692,407
319,287
131,034
50,676
129,715
50,000
Utility operating income
income—net
$218,666
$193,404
13,794
35,490
Gross
$232,461
45,899
$228,895
47,756
$186,561
$181,139
$16,795
$36,835
Operating
revenues
Operating
revenue deductions
and excess profits
—
Retirement
reserve
:
—
income
Federal
taxes
accruals
—
;
♦Other
Income
Net
income
deductions
income
♦Includes Fed.
returns-
income—
•Deficit?—V; 164,
Interest
11,614
$2,575,924
25,168
117,400
Total income
$2,673,969
556,169
1946
634,768
,
417,754
1944
$5,Ulo,202
income—
less
Cost of goods sold—
:—
:
Selling, general, and administrative expenses--
1943
$2,915,000
586,643
'
Subs.)—Earnings-
31—
\
from leased depts.
discounts, returns, and allowances^
Other income
21,839,000
118,424
railway
oper.
$3,089,000
502,336
350,324
$3,177,000
oper. income—
Gross
S—
1946
from
taxes-
$4,070,862
at
six Months Ended May
Gross
$3,508,059
522,622
usual rates, allowable for tax purposes as
amortization of emergency facilities but not recognized in the accounts
since such facilities
are
expected to be employed throughout their
normal life and not to replace existing facilities.—V. 164, p. 827.
of
excess
1945
1946
$5,732,807
operating
Long
$2,457,437 $2,117,800
♦Representing pro rata amount of those portions of premium and
expenses
on redemption of bonds which are equivalent to resulting
reduction in Federal income taxes,
tWhich result from deductions, in
v
Grand Trunk Western RR<-
not always
alphabetical
$5,681,265
992,512
Applicable to common stock—
Hart Schaffner & Marx (&
1
<«
Hqpoever, they are mlways as neaf alphabetical
Capital stock
before
Earns.
Preferred
$5,063,375
231,539
$7,628
(est.)
s
profit
charges
income
fExtraordinary reductions in Fed. inc.
$17,743
1,824
8,290
19,028
income
and
♦Special
$16,502
1,241
$318,009
it
exact
LIABILITIES—
amortization-
Interest
End.
27,645
after the class A stock.
—'
$5,101,898
38,522
$4,662,548
922,950
(net loss)
Other income
1,328,534
$4,695,042
32,493
Net operating revenues
193,983
__
__
Total income
Other deductions
Federal taxes
1,285*,626
Other taxes
1 Mo,
193,809
2,716,273
1,793,150
taxes
Federal income
/-J:
$290,363
profit
income
in
companies
arrange
CONSOLIDATED BALANCE
$16,763,444 $18,286,584
6,150,417
6,498,946
revenues
Net |
2,005,557
come
dividend
A
Costs, oper. exps., taxes (other than
Fed. income) and gen. expense—
1945
4
1,022,090
May 31,'46 June 30/46
$210,484
$2,295,920
II_
expenses
to each share of class A stock,
Honolulu Oil Corp. (& Subs.)— Earnings-
ENDING JULY 31
Maintenance
:■%
End.
-
(net)
Costs
*e
FOR 12 MONTHS
Depreciation
Amorti of plant acquisition adjustments
issued 32
160,000 common
general corporate purposes.
man¬
In the opinion of
entitled to vote ow
debenture stock.
The latter will
share less the amount of any
coupon
to
6 Months Ended June 30—
Gross
$342,632
104,524
-
EARNINGS OF GRAND STORES CO.
details.
not
are
Estd. Federal income taxes.
taxes—
Operation
consisted
10 MOS.
Periodr-
$325,314
—
1946
200,000 shs.
*
•
income
EARNINGS
PURPOSE—The net proceeds will be approximately $605,000.
Com¬
pany intends to use $367,500 to redeem all the outstanding 10-year 5%
sinking fund debentures.
Company proposes to use the balance of
the proceeds for its
'77,470
—
Extraord. reductions in Federal income
shares of common stock
total of
a
soo«>
Pittsburgh
sinking fund
a
possible
$420,102
74,372
33,077
amortization
Special charges
the shareholders thereof were
and
each
and
Interest
40,000 shs.
The outstanding 5,000
with
merger
provision equal to 50% of annual net
requirements plus $200,000.
The deben¬
ture stock's par value would be $1 a share and it would hold neither
dividend or voting rights.
A
If the plan is consummated, according to Mr. Auer, the directors
will declare a regular quarterly dividend of $1 a share on the class A
stock, payable Jan. 15, 1947.—V. 164, p. 556. '
income
-
cumulative preferred stock
($l par).
as
1946.
The proposal then calls for issuance,
$422,404
$432,763
Net operating revenues
Other income (net loss)
Outstanding
the authorized capital stock
resume
annually,
1945
1946
Operating revenues
($10 par) and 10,000
shares of common stock ($10 par).
In August, 1946, the articles of
incorporation were amended to change the authorized capitalization
to 100,000 5% cumulative preferred shares ($10 par) and 506,000 com¬
of 25,000 shares of 7%
a
necessary
stockholders
common
NOTE—-For
Month of July—
FINANCING
100,000 shs.
500,000 shs.
pfd. shs.
cum.
$4
proposal.
order.
Maintenance
general de- '
carried >are
Authorized
rate of
Payment of a cash dividend of $3 a share on the A stock is the
step contemplated in the plan." This would reduce arrears to $80
position
with the better
PRESENT
TO
satisfied'.
to
Gulf States Utilities Co.—Earnings-
grades of moderately priced merchandise.
CAPITALIZATION,
been
intends
first
—V. 164, p. 422.
partment store.
The principal lines of merchandise
furniture and household appliances, with particular
emphasis on nationally advertised brands such as Round The Clock
hosiery, Humming Bird hosiery, Leonard refrigerators, General Electric
refrigerators, Sparton radios, Coty cosmetics, Charles of the Ritz cos¬
metics, Simmons electronic blankets, Artemis lingerie, Duchess under¬
wear
and Cannon sheets and towels.
It. is the present policy of the
cater primarily to the middle class market
have
the board
the class A stock at the full
on
wearing apparel,
company to
dividends
share.
a
plan becomes effective.
for
non-recurring item
above
metal^
Lithograph Press Corp., a wholly owned subsidiary.
A meeting of the class A stockholders will be called when the
It
Net
leading
a-
production manager;
Joseph L. Auer, President, stated that
$418,138
long-term debt-
•
Director;
Sept. 24 approved a plan of recapitalization under
company will remain with the, class A stock*-
control
holders
23,871
381
$109,533
deductions
initiated.
as
247,000
48,000
Cr209
income
on
Other
State of Calif.
presently operated
is
$4,485,225
2,135,703
268,807
404,473
4,000
taxes—j
Amort. of prem. on debt
■
business thus: acquired
21,000
4,000
79,368
aa
1
••
and.
(R.) Hoe & Con Hic.^Plan5 Hecapitolization—
;
-
3,350,323
$1,653,303
171,688
America National Trust & Savings Associa¬
Registrar, Security-First National Bank of Los
;:s:f; ■ . y
HISTORY
AND BUSINESS—Company is a California corporation
engaged in the general department store business in San Diego, Calif.
The business which the company now : conducts was acquired on Jul/
?3i; 1945, from Grand Rapids Home Furnishing Co. That concern had,
since 1932, operated a general department store at 1145 Fourth Avenue,
in the heart of the San Diego shopping area.
Grand Rapids Home
Furnishing Co. was established in 1928 and moved its business to
the Fourth Avenue
location in the following year.
The store was
operated as a furniture store until the summer of 1932, at which time
The
25,567,157
9,943,577
1,835,332
266,000
~
-
income
Gross
Int.
Diego, Calif.—Stocks Offered—
operations as a general department store were
400,772
$163,037
14,440
'
Transfer agent, Bank of
Angeles.
1,234,153
v
$4,475,916
152,574
141,610
23,000
?>• ~
luiglcal chgineeh,. is to serve
of four shares of
Wagenseller & Durst, Inc., Los Angeles, in August of¬
fered 40,000 shares of 5% cumulative preferred stock atv
par ($10) and 40,000 .shares of common stock ($1 par) at
$7.50 per share.
The shares were offered and sold only
Los
.Angeles...
:
acquis.
taxes
Federal
$370,750
will start in busi¬
$3,179,049
1946—12 Mos.—1945
1946—Month- -1945
unit.
per
area.'-•
recaPitalization
$357,511"
Amort,
Inc., Elkton,
tion,
to
Gulf Power Co.— Earnings—
Operating expenses
Depreciation
.
stock) at $5.30
share (10c par) com¬
one
After completion of the financing the corporation
with assets totaling approximately
dividends
revenue__
Offered—Henry C.
$100,000, consisting of build¬
machinery and equipment and sufficient working capital to carry
on a business of
approximately $150,000 to $200,000 a year, on which
the management expects to make a profit of 30%'.
This recent financing was of a reconversion nature to set
up the
former heat treating division of the Johns Hartford Tool Co. as an
independent integrated establishment.
Duringr tthe year 1945 the company, through Johns Hartford Tool
Co., numbered among its cliehts some 60 industrial concerns in "the
plan
1943
v-#"
25,193,661
8,227,485
-3,162,078
26,369,004
3,785*508*
8",947*865
--876,271 - 2,839,165
23,043,600
Period End. July 31—
$66,386
ing,
164, p. 1329.,
Gross
.
actually resident within the
'
as
t
49,102
$106,268
ness
which
income:
24,456
$31,485
Vic^Presl«lent
$3,258,042
947,217
401442"
$3,069,414
664,845
oper.
24,529
par)* 30c
con¬
"intended
1944
;
226,061
railwayrailway—
557,417
163, p. 3285.
riartrord
&
from
494,814
$155,371
-
$59,212
cumulative preferred stock and
From Jan. 1—
Gross
Named to Financial Posts—
The appointments of Paul W. Heasley -and • Milton- P. J; Hickey. as
Treasurer and
Assistant Treasurer, respectively, were announced on
to persons
company
income—
fromrailway*;-^ $3,056,711
ry. oper.
276,442
8,807
$115,716
49,329
deductions
YEAR TO DATE
,1945
-194&-
«Net .fronts jcailway;:
Net
that
th
AUGUST AND
r-vAugUSt—•
$55,942
taxes
&
income
mon
the
of
the G. M. & O. RR.
./i
charged the lease filed for approval of the Commission
provisions at variance with those in the consolidation
said
$673,133
Hartford Heat Treating Co.—Stock
K.'
protest, the control
to
Interveners
$650,185
Robinson & Co., Inc., Hartford, on Sept. 19 offered
14,000
units (1 unit consisting of one share of ($5
Louis & Chicago
that it be given the right to become a
the Kansas City Terminal Ry. Co.
Kansas City, St. Louis. .& .Chicago connects Mexico,
Creek Junction, near Kansas City.
y:
railroads
serving St. Louis, including the Chicago,
Pacific, the Missouri Pacific and the St. Louis-San
EARNINGS FOR
Heasley arid Hickey
Grand Stores Co., San
—'V.
asked
appeared, as
.
$332,384
earnings
Interest
plan to acquire the Alton RR. and establish a
line system from Chicago to the Gulf moved for¬
the I.C.C. took under advisement the company's
also
$664,326
10,947
.
filed by the G. M. & O. RR. last year,
carry
permanent/deb^tures;$ea^g
"
-
City company by
They
.
not been
after
A.
—
when
2
company
joint
Convertible J)ebentures—-
Sept. 30 by Joseph W. Frazer, President.
Mr Heasley joined Graham-Paige -early
a
$639,238
$318,398
234,657
—
—
expenses
Net
721,369
456,648
1946—12 Mos—1945
$313,074 ^ v $326,787
5,324
& 5.597
$83,741
income
Oper.
1,854,661
466,936
126,286
representatives
the. fact thai?
received- from v theAiengravqr,; hiterest due Oct, V
be paid on the temporary certificates now in the possession of
holders upon presentation of these temporary certificates to
of America
National -Trust and Saving Association, San
Calif., cr Manufacturers Trust Co., New York, N. Y.
Owing to
1,909,877
386,224
63,689
raineu provisions at variance with th
-
Interest Paid on 4%
1,832,341
proposal to acquire the lease of the Kansas City, St.
RR.
-^-.4-'-'v
con_
of the 5% class A preferred stock and 166,126
shares of'5%
convertible preferred stock were outstanding on June 30.
For the six months.ended, last
June 30, the company reported a net
loss of $925,813,.. compared 'vwith a. net. profit of
$755,903 for the •t
like 1945. period.A
r
urer
trunk
Oct.
on
shares
1 343
onlv
Total
Subs.)—Earnings—
1946—6Mos.—1945
NoneIinpr»rrVT--
:K;.
V
1
264,126
*1,127
164. p. 1329.
company's
tained
t^ird quarter.
Non-operating income—
Gulf Mobile & Ohio RR.—Plan Before ICC—
5% cumu-
an
the
$285,225
125,458
76.733
Net
class A preferred stock, par $50. due Oct. 10 and on the 5%
Sfifltive convertible preferred stock, par $25, due Nov. 1. Regular
cX2*rlv dividends of 62V2 cents on the class A preferred had been
S to and including July 10, 1946, and of 31'/4 cents on the conSStlWe preferred stock to Mid . Including Aug. 1, 1946.
Tncpnh W
Prazer, Chairman and President, deferred preferred stock
rfiSds recently because no profit was earned in the current quarter.
hp stated' "Although the company was in a very strong cash position,
ovfne net quick assets at the close of business Aug. 31 in excess
000 000
and sufficient working capital to carry on its fast increasing production of Prazer automobiles and Prazer farm equip¬
ment due to the reconversion from war work and expenses of getting
Into production on these items for civilian consumption, no profit was
"Therefore, the directors in accordance with
rvative
servative phHcystelt;it,4wa»*better to defer, tlbe
.Period End. June 30—
1,733,135
from
railway
Net ry. oper. income
?
earned in
'■'
1—
Gross from: railway.
1943
1944
$244,779
53,885
7,571
1945
$218,987
51,330
11,204
1946
$224,093
railway
From Jan.
Dividends—
announced, on Sept. 24 that the directors had
the time being, payment of the dividend on the
was
Tf
from
Net from railway—33,586
Net ry. oper. income.-4,331
with 10,102 shares.-V. 163, p. 2157.
& Co., N. Y.,
Graham-Paige Motors Corp.—Defers
-
Gross
Hamilton Gas Corp. (&
RR.—-Earnings—
Green Bay, & Western
:
Silwd requirement of about $90,000.7,
,1721
—V.
■*
;
—
—
—
tax benefits from filing of cons.
—
——
—
164, p. 8.
"
• ' a
^
Hudson & Manhattan RR.-
1946-rMonth;—1945
Period End. Aug; 31—
Gross
oper.
income
Gross
Int.
on
——
•
charges
•Income
adj. inc. bonds-
86,259,74U
A5,676,140
4,930,519
4,829,470
$72,221
9,262
$134,754
$745,621
8,672
72,1.08
$1,430,264
72,798
$81,483
132,522
87,471
$143,426
•8817,729
132,679
1,055,181
95,512
749,000
$1,503,062
1,065,314
773,900
$138,509
$84,765
$986,452
$336,152
■c
Operating Income
Non-oper. income
1946—8 Mos.—1945
,$752,542
617,788
$723,818
851,595
.revenue.;^.'
Oper. exps. & taxes-
.
A
common
Deficit
—
♦Exclusive of Interest on
adjustment income bonds.—V. 164, p.
1329;
•A Y*\
na-
1722
!
0 ■";'''. rulilVIi'I
-
JSSoai
:
}XJ59«fi '
operations!—^jM5S£j& $Hqn 7af *?
expenses'—J--.—------r--^- '
?'
.
Gross income from
Operating
"of common' stock; compared to inet income of $l)223,331f Or^$2.72
per
sharfc of 'common stock lor the preceding112-months.
Subs.)—-Earnings-
Months Ended June 30—
Prov, for losses
instalment notes receivable-
on
-155,769
1
For
—
the
12
ended
June
1946,. preferred
30,
aggregated
60 587
shaies
Net income irom
for Fed.
operations_---.---r.u----^i.-
and Can.
income
taxes
$4,762,489
paid 2iw-:—
Minority int. in earns, of subsidiary company—
Sundry income
Net
•
--
income
.——
Divs*
on
Divs.
on
5%
Divs.
on
common
employees'
Cash
payments
of
3%7<?
——
to
with
series
number of
51c
Premium of
prefened
stockholders
exchange of 100,000
preferred stock for
series
1,517,263
56,684
Net
400,000
Instalment
U. S.
and
notes
Treas.
in
banks
notes
Total
/"
840,000
Net
•
fluct.
603,910
3,355,957
1970
oth.
Capital
surplus
Earned
shs.
par)
——_i_
—V.
;
—
163,
hime
D. Vellis haa been elected
Division, Hunt's
Vellis
Vice-President in charge of
Guggenoperation.
*
dried fruit
Gross
Net
Baxter, formerly a Major in the Army
directly to Hunt upon leaving the service.
came
was
At-
of
W
Willard
£•'
Knudsen, who last June became
directors
Mr.
F.
he
is
Axle
has
been
Rockwell,
Rockwell
terests,
i
S.
including
elected
who
retired
Chairman
Co. of
devote
Rockwell
and
Chairman
remains
to
as
Detroit
serviee
to
time
and
industry
has
Ithrough
as
a
ry.
include
&
13,141,322
Ship
Securities
and
Exchange
sale
is
-Operating revenues
Uncollectible oper.
■;v
Operating
of
the
to
the
board,
board
other rtumerous
$1,038,306
495,812
of
Chairman
in production
Cleveland
Pittsburgh,
of
as
and
where
Timken-Detroit
a
contract
and
a
to
policy
manu¬
broaden
of
its
expansion
acquisition of other plants.
July 1, .1946, the name of
Hupp Motor Car .Corp.
changed to Hupp Corp., as approved
by the stockholders on
May
194C.
Effective
127,230
was
7,801,108
3,189,322
7,733,591
3,510,118
922,285
1943
at
$23,000,000.—V.
162,
p, .2643;
end
of
period-reported
V, .161,
p.
2661,.
in
*
Hupp Motor Car Corp.—Name
Changed—
See Hupp
,,>/
Corp. above.—V. 162,
p.
2643; V.
161,
p.
2661.
Idaho Power Co.—Three
New Hydroelectric
Generat-
ing Plants Planned—
.
Three
new
934,523
immediate
Russell,
tions
,
In use.
construction
General
will
on
Superintendent,
complete
existing
K
^
on
the Idaho Power
the Snake and
has
with
facilities
All
at
three
river
installa-
sites
~
The
in¬
system—are planned
M&lad rivers, B. C
announced.
generating
now
final plans
contemplate- the expenditure of
approximately $11 additional
generating capacity of 68,550
Construction will probably extend
kilowatts
until late 1948.
Largest of the three projects is the
950,000
to
provide
rebuilding of
$208,652
235
208
'
—^
955,276
$1,584,100
>
and the Lower
Malad
The-company is
plant
13.500 kilowatts.
will
generate
7 250
kilowatt
Kll°watts
unit*
wSh «?it
generating capacity.
New Line in Service—
350
$225,426
135,948
&
Chemical
„
in the Hagerman
substation near
At^T'^rnS3
II
26
«»=
mately $1,000,000
;
i
completed line
«SUtX»'Sclyie0,amlnal
Manufacturing
Maintenance
Net Income
|| ; .
oi*
4.16
n
an
Insurance
Corp.
(&
months
an
endKIS
C43,458|
*
•-
1946—Month—1945
$155,079
$131,861
75,607
66,873
21,407
15,853
revenues
res.
Utility
13,058
10,416
accruals—income.
oper.
1946—12
$i,679,614
9,166
736,671
230,794
120,555
116,250
7,920
$34,589
Mos—19451
$1,556,9911
789,356
.
.
104,166
$32,048
Dr775
$35,983
$31,272
8,824
8,561
$22,710
145,485
$426,879
103,92 7
$27,158
preference dividend requirements:
J.P.S. Co., Ltd.—Preference
196,188
$422,656
1,394
Other
income—net
repairs:
*
expenses
Federal
other
•
55,429
investment
35,877
$373,8
4,223
4,491
Federal
17,327
41,292
$101,762
37,316
$62,784
$64,445
;
deductions
income before
Federal
income
taxes—
and
common
payable,
stock
$90,902;
declared
about
■''
was
$1,610,014,
on
cumulative
unclaimed, $1,102; accrued
liabilities, including Federal income
taxes payable over the
$89,864; customers',
year 1946
deposits, including interest
refundable
only- on
.service, $94,003; customers'
advances for construeV'Hll first mortgage 4% sinking fund bonds
dated April 1,
£ue AP1"*1 !> 1956> $595,000; reserve for
discontinuance
,!??,'
lo 3;
$3
of
dividend cumulative
maintenance, $66,673;
preferred stock
(23,400 shares no
000; common stock
par), $1,170,(par 50c per share) and
capital surplus,
earned
surplus, $485,943; total,
$4,946,652.—V.
Period End. June 30—
Net sales and
oth.. revs.
Twin^ Sf V"
Deprec. of plants
depletion
Int.
of
1
and
ser.
3,178,624
242,100
Prnvnfi;t£f',Fed" t?XeS $6*345'242
Provlfor
Federal^exMss
qw1
Shares
Net
of stock
per
u
based
VT-r-
outstdg.
$7,051,652
8,4l8*S#0
1'5"'000
on
416,062
—
4,568,000
4,899,315
1,633,105
4,899,315
$1.01
$3.19
$1.74
costs
and
retroactive
respectively.
Net
shares
six
pay
months ended
amounting
to
earnings per share
during*
outstanding after, giving effect
approved by. the stockholders on April 24,
the number of
for the three months
emergency facilities
and six months
ended June 30,
to Include
accelerated
amortiza¬
in
conformity with the President's
Sept. 29,^1945.—-V.
163, "p. 2855.
'
<
••
'■ *
F.
as
and
Mtge. 5s—
Mutual Life Insurance
New Community—*
Co.,
Boston,
a
and .West
Roxbury, Mass.
President, stated that
Clark,
materials
operating
are
construction
available, rentals to
163, p. 904.
be
will
proceed as
determined
costs.—V.
& Supply Co. <&
Months Ended June
Net
Cost
30—
-r
sales
Returns, allow,, disc;
and frght; otit
by building
Gross
>
Other
—
profit
from
income
,——*
expense
$2,501,265
607,445
578.396
744,613
operations.^—
$1,529,816
150,046
$1,816,403
$1,315,424
I 135,431 "
**;■ 100,662
$1,679,862
$1,951,834
8,691
20,781
400,253
2 064
3l6i698
472,433?:
303^951 v
-a
L—__
'
tax and surtax)
v--——- "
Excess: profits tax——•
Minor, int. in
prof, of Sub, cos.__
^
per
1944
$3,203,611,
860,015
deductions,
Consolidated- net
*
713,773
Prov. for contrib. to
prof. shar. fd.
Prov. for, Fed. inc. taxes
(normal
Earnings
-1945
-
expense^—,—.
paid
Miscellaneous
1946
$3,103,604
.
general
Subs.).r«rEarnings-~
$15,743,136 $16,709,895 $13,585,136
12,639,532
13,506,284 '*11,083,870
—
selling
and
; Ttttkl
Interest
profit.*^—
share—
642,594
.
$1,416,C
'
4,495'
^ 1,-462'
283,698:
e
976
f;*
V$19,68j
258,626
665 853
162,270
$615,433
$3.02
149)079
e.«rfS«E.T&*~CafllV^2'268*82^'
-
$513,213r
/
99,321
$448,797
S2*59
$3.02
CONSOLIDATED BALANCE
SHEET, JUNE 30,
-
Cullen, Chairman, on Oct. 1
announced that the
deposited with The
company has
Chase National Bank
of the City of New
York an
profit
Warehouse
•
$16,074,321 $16,988,123 $13,796,109
331,185
278,228
210,912
sales
of* sales
Adrnih.
procla-.
International Paper
Cd.-r-Funds Deposited for
Imme¬
diate Payment of
1st & Ref.
institutional purchaser.
a
$350,000 bank loan.
community of 800 new homes, to be known as
Village, began Sept. 3 when
ground was
broken for the
community to be built, owned, and operated
by this, company
Paul
fast
Net
$5,212,600
1,633,105
$0.8p
an
Hancock
garden
in Brookline
484,218
$8,200,517 $12,714,600,
3'227'211
2'334'000
2,693,000-
respectively have been adjusted
R. J.
of
226,475
$4,973,300
6 or onfr
of
.*
6
$2,841,652
include strike
,^^2) Net earnings
tion
2,990,771
$3,926,342
share-
$2,650,000,
Hancock
Construction
83,509,786 106,586,870
earnings for the three months
and
1946,
are
John
Mass.—Building.
tax
earns,
1946
of the issue with
Proceeds will be used to
retire
—V. 164, p. 1596.
Gorss
-1946—6 Mos.—1945
I
1,776,164
203,677
nts.
1956, which are
to be sold at 98
Six
$95,117,136$126,012,163
•
minerals.
bonds &
on
$54,029,936 $65,930,244
45,704,853 55,457,868
*
27,219
-'21,991
70,097
91,8
:
2818.
Subs.)--Earnings—
1946—3 Mos.—1945 i 1
21,991
80,373
91,800
"D"
i/fe and interest, to
Stifel, Nicolaus & Co.r
Inc., which has made a
commitment for the private
placement
$2,347,053;
162, p.
$262,214
'>■*■ ■'
$■
25,189
Johansen Brothers Shoe
Co., Inc.—Debentures Placed
joslyn Mfg.
Inland Steel Co.
(&
matiott effective
^946»
dividends
but
$367,389
105,115
Privately—The stockholders on
Sept. 11 authorized the
sale of $3.50,000 V-k%
debentures, due
CONSOLIDATED BALANCE
SHEET, JUNE 30, 1946
ASSETS—Cash in banks and on
hand, $259,120; U. S. Govt, securi¬
ties, $100,000; special
deposits, $6,294; accounts
unbilled gas sales
receivable, including
(less
reserve
for
doubtful
accounts), $222,689;
inventories, $233,967; prepaid
insurance, $15,488; accrued
interest, re¬
ceivable, $1,507; deferred
charges, $9,535; cost of work in
progress not
allocated, $38,150; lands,
buildings and equipment (after
reserve
depreciation of
for
$1,704,289), $4,059,901; total, $4,946,652.
preferred
JB--
1946
„S-Govt, securities,$247,371;SSLo'°«S fr!CIBi7abla (less reserve), $3,520,550; postwar refundacoounW
excess profits
of Fedtax, $14,512;
inventories (priced at or below cost and
^asf-XCSeS of.,market). $0,669,572;
pnuinmont
total
Prepaid insurance,
$17 080
taxes,
investments and advances, eta,
rent, etc., $127,260;
plant and
019er reserve f0r dePreciatlon
of $3,083,432),
,
Dr6,495|
$322,952
"
—Preference Shares "B"
—Preference Shs. "C" &
Common dividends
paid J. P. S. Ltd
—V. 164,
p. 9.
36,310
5,252
than
deductions
income
Shares
46;184
$104,076
income
Net
approxi-
of
Net
$623,273!
417,196
-
income
Income
1945
.
18,618
Net
Other
tulles
additional
will be
'
tlmes^referred dfvWend^reouh^ ^Ufe
$645,6695
828.
Taxes
Retire,
Subs.)—Earnings
—
Taxes—State and
income taxes
1945,
Increases—
164, p.
Gross
operating revenues.—
$648,491
operating expenses—429,237
and
and
Administrative and selling
194(r
W1U
$899,740
Operation
$258,068
156,538
1946
———
Power's electric svstPm
*
transmission linTpnnnoIi
S put
Valley with a npw tr2 'ng company
Boise, Idaho, was
energized
tlansmission terminal
plants
42,934j
$1,289,1281
income
.Operating
318,053
$35,866
21,408
$1,246,1941
$1,982,664
1,082,924
income
deductions
■iS-r
350
225,009
715,051
653,894
905,513
32,265
Maintenance
50
taxes.
$1,950,399
Period End. May 31—
$l,444r793
868,322
44,311
$27,829
15,444
164, p. 828
profits
One major postwar
addition to Idaho
use July
23 when a new
into
2,934,985
327,484
Jamaica Public Service Ltd.
(& Subs.)-
1,424
50
—
Fed: income
1945
$6,783,136
3,288,986
407,152
575,853
688,773
424,237
depreciation
than
$1,446,217
$1,582,516
1,131,731
128,217
now
building, under contract, new
st the Upper
power plant
Sam,on site on Snake
Btver, a development
provide 16,500 kilowatts of
electric
,
1946
$7,335,402
earnings
Net
1,584
$208,444
for
other
Gross
—V.
33,020
taxes
operating income
the dam
plant at the Lower-Salmon
and power
site on Snake River
near
Hagerman
existing installation-, which was
The
constructed by a
in 1910 and which is
predecessor commnv
rated at 7,200
kilowatts capacity will
be renlaVpri
by units having an installed
capacity of 60,000
kilowatts.
At Malad
River, wnere an existing
plant of
has been in operation since
5,000-kilowatt capacity
1910, two new
generating stations will be
placed.
Th©
new
Upper Malad
;
Co.—Earnings—
revenues
Other income—net
1946—7 Mos,—1945
$235,226
LIABILITIES—Accounts
hydroelectric generating,
plants—to keep Race
creasing needs for electricity
for
Provision
Taxes
Net
$234,991
174,092
'
•
Provision for estimated
Federal, income taxes—
6,409,108*
.
of
-
2,838,810
3 Months Ended June
30—
sales and
t
RESULTS FOR THREE MONTHS
ENDED JUNE 30, 1946
Net loss, after
giving, effect, to. "Federal tax credit
arising: from loss
carry-back. $45,767. Unfilled orders
excess
date of issue.
purpose
public
Iowa Public Service
126,677
oper.
Production
24,
The company had decided
not to re-enter the field
of automobile
manufacture.
'
of
—
the
12 Mos. Ended June
30—
$878,191
419,587
1944v
1946—Month—1945'
revenues—
Indiana Gas
in¬
:>
annuonced
—V.
has; asked
—„
1945
rev.
on
the
Operation
273,528
102,499
6,041,936
1,317,779
505,826
expenses!-—
lease
income
succeeding
been declared
2
..
his
Co.
of
Net
Corp.—Larger Dividend
Decl,
has
share
Maintenance.
$869,210
108.314
Period End. -July-31—
Operating
by
company
Operating
$887,362
254,877
oper.
property
per
Dec.
—
Gross frpm railway
from railway
for
Products
cents
payable
necessary,
RR.—Earnings-
Net
Rent,
75
■•;>■■■'•.*
the company said,
April 14, 1942.
Peoria
will pay
$500,000 in cash.-r-V. 164, p. 1595.
income—
whM
maturity!
M
.
The
railway
railway..-
Operatipg
full amount
their bonds for
principal and interest at
of the financing is to enable
the company to
utility business pending consummation of
its plan of re-l
organization now under consideration
by the Commission.—V.
I6l|
p. 2994.
'
divestiture order, of
income—
—V, 162,. p. 1209.
«
sale
The
its
of-
1946
oper.
ry:
the
SEC for
authority to issue and
privately promissory notes aggregating not in
excess of
$600,000 ma-1
turing not more than nine months from their,
transportation business between the cities of
the village of Peoria
Heights, 111., to the
SEC's
of
$19,
par
The
Island
Commission
From Jan. 1—
Net
member
director.
Manufacturing
President,
Detroit: H
The Hupp
company is presently
facturer with plants at
contract
a
his
.
"
Gulf
restated
and
Co.
from
from
Net
Hupp Corp.—New Chairman
Elected—
William
3,422,283
to
39,769
8,202,732
as
President of Guggenhime &
Co., the assets.of which
acquired by Hunt Foods in
May of this year.—V. 164, p. 1595;
were
1,477,273
Cr374,832
'
the
its
on
1595.
p.
immediately
company of its small gas distribution
system in
Waseca, Minn., to Gerald L.
Schlessman,-. of Denver, was
approve!
Sept. 26 by the Securities and
Exchange Commission. Mr..;,■
will
Schlessnuii
pay
$210,605, plus an additional sum for
accounts receivable
unbilled revenue,
materials, supplies and.. merchandise. The
Waseca
properties serve nautral gas to a
community- of about 4,000.
Plans to Sell $600,000 Notes—
Indiana Associated
Telephone Corp.- -Earnings—
The corporation
alsoannounced the election of Robert H.
Baxter
Assistant to the President. Mr.
Mr.
of
Peoria
Illinois Terminal
21,675,180
465,393
10,120,740
.
Signal Corps,
sale
East
Transportation
realize
Interstate Power Co.—SEC
Approves Sale
Total
'
-
notified
successful
effer
dividend
The
20,408,991
7,641,264
1,024,375
.
August-
954-468;
•
I Hunt Foods, Inc.—N&w Vice-President—
C 4 John
2,409,162
10,058,170.,
Cr96,017 Crl,044,360
3,625
a
38,983
1,024,281
1945
164, p. 1595.
comply1 with the
Transportation Co.
$93,506,767 $66,183,774
3136.
p.
.2,601,141
3,483
to
Net
«.
1,618,509
1,854.495
income
Peoria
750,000
142,953
10,000,000
21,675,180
465,393
11,460,368
surplus
Total
.]■;
no
247,832
954,813
Company has
97,867
-
164,930
10,000,000
——
58,969,881
35,959,749
052,384
989,816
Contribs. to empl. SavingSrRetirement Plan
Minority interest in subsidiary company
3%*% preferred stock-—.
Common stock
(2,167,518
e|
the common
to holders of
record Nov.
15. This
compares with 25 cents paid on June
1, last, 50 cents on Dec.
l W
and 25 cents on June
1, 1945.—V. 162. p. 1514. y*^
Illinois Power Co.—To Sell
Transport Lines-
15,000,000
conting._
25,033,290
13,356,611
0*128,176
NOTE—Earnings for
355,550:
3,397,617
106,454
l,
<E«I
1947|
conclusion!
the bondholders, by accepting The
Chase
National Bank"!
can
now
case,
164,
stock,
---—
.
960,759
&
5,259,810
2,602,816
charges
RR.—V.
$28,724,000 $17,371,620
——
exch.
-
1.
maturity.
Internatianal
209,112
_
the proposed
Can.
any
purchase
1946—8 Mos.—1945
2,105,702
income
oper.
Peoria and
—
4,169,309
Dr)
income
Net
.
264,287
payable
Miscellaneous
2%% skg. fund debs., due
July
cpers.
867,000
225,225
—
$93,506,767 $66,183,774
Dividends
6,£,41,734
20,277,367 135,870,056 172,132.969
15,017,557 110,836,766 113,163,038
14,615,984
deductions"
Fixed
payable:
Reserves for
ry.
(net
ry.
Other
28,705
—141,049
83,919
77,512
390,512
344,014
(net)——
exps
accurals
rents
Vv-/
?
*
Empl., offic., & oth., pursuant to thrift
plan
Fed. and Can. income and
capital stock taxes—
and
•
;
Power
"We hope that Hudson River Power
Corp.'s plans for
payment ofth#!
at maturity will be carried
through to a
In
$7,676,879
A
18,785,293
Equip, and joint facility
^LIABILITIES—
Notes
.
our
will become due
1946—Month—1945
revs-
fr.
rev.
tax
Misc.
..?■■'
& improve,
River
■Earnings of System—
58,537,779
—
47,501
867,000
'4.
TOtal
$6,638,714
5,321,221
1595.
p.
operating
operating
Net
$5,122,488
cost
Other^Teceivable3*
equipt.,
deferred charges
Ry.
Ry.
Ry.
$6,533,162
83,377,342
—.
series C—at
Travel* advances and empl. notes
and accts. rec.
Claims for refund of Fed, exc.
profits taxes—
Inv. in Dom. of Can.
victory loan bonds—at cost
Post-war refunds of Can. excess
profits tax—
Office furniture,
687,525
Illinois Central RR.
1945
in? capital «toek of^
andvnptessTe^iyabJd?;
,iuv.
164,
$1,056,870
870,813
,t
SHEET, JUNE 30
——
receivable—
tax savings
$899,570
.
$11,460,368 $10,120,741
$1.10
$0.92
„
1946
hand
income
Period End. Aug. 31—
ASSETS—
on
operating
36,851
BALANCE
Hudson
,
—V.
stcck_„
Balance surplus at the end of
periodEarned per common share
:
•-
that
agreement with the banks, The Chase
National
as
custodian of the loan
collateral, will make an
immediate offer?!
purchase first and refunding mortgage
bonds, at a price equal
to nrtnl
cipal plus fuil interest, to maturity.
All bonds so
purchased will hJ
held, by The Chase National Bank
as part of the
collateral for the
loan.
ha
5 ?o
600,000
of
issuance of addit. shares of common
Cash
f
$13,152,551 $11,416,331 $90,330,778 $79,-.34,191
18,300
17,474
121,297
li6,924
rev.
income
—V.
redemption—
pfd stock and
CONSOLIDATED
oper.
Its first
-''v
bonds
Net
called for
Expenses incurred, in exch.
used
in
stock—
80,000 shs. of
on
bo
Operating revenues— $13,134,251 $11,398,857 $90,209,481 $79,217,267
Operating expenses——
11,497,593
8,300,020
74,935,084
55,917,992
Operating taxes
737,088
2,041,967
8,635,703? j.5,622,39j
shares
a
like
preferred
sh.
$7.50 a
series preferred stock
Wi.l
"Under
revenues
Uncollectible
1,625^63.9
----—
_for 3,000 shares
Proceeds
-
Period End. July 3D--:
Operating
93,752
327,720
past service benefits under
Savings-Retirement Plan—net
connection
10,674,018
187,505
for
Offering price, $100 a share.
working capital.
No underwriter named.
iniuolsBelLTelephwie Ca^arpihgs--
$2,422,308
$13,330,196 $13,096,326
preferred stock——stock
Contributions
preferred.
for
Cr 7; 443
.
$2,562,017
10*768,178
surplus
3%% preferred stock—
Ilg Electric Ventilating CQ^^Jhicigp^FUes With SEC.
of
1:9,041
6,044
Cr2,0I4
•
Balance surplus beginning of period——Total
:
The company on Sept. 23 filed a letter .of notification
120,808
.
H;*
1
■—
$4,259,380
1,714,-665
1,784,250
-—
Interest
amount\of
whichimature jan.
Corp., which has n»r
to pay. the aforementioned first and
refunding 5%
mortgage band*
maturity, is working actively on plans ta, raise funds
for that
However, these plans have not yet been completed.
0
•
"The agreement of Nov. 9.
1945, under which our
ten-year 2% R
bank loan from The Chase National
Bank, Bankers Trust Co
First National Bank of Boston was
and n
made, contained a
provision
quiring us to make this deposit with The Chase
National Bank'5'
custodian of the collateral
securing the loan unless Hudson
River pJ1*
Corp. by Oct. 1, 1948, had completed arrangements
lending banks for raising funds to pay the bonds at satisfactory to? I
r,
^
>•
Prov.
to the $12,961,000 principal
sinking fund jnwrtgagqibpnd*
Mr, Cullen said;
"We understand
v.„.
Monday^ October 7,
equal
funding 5%
stock dividends
$386,862^ based on .one.- months requirement for
shares of 4% stock plus 11 months'
requirements tor 100,000
-bo.*!it 4 of such stock.—V.
59,113 7,
163,. p. 2727.
>V-
•
-t
amount
*
.
-months
K>k
■
THE COMMERCIAL ^FINANCIAL CHRONICLE
4'--!*<:1*4"
Household Finance Corp. (&
P6
.
-Iw'
*
$4,566,142'
COMMERCIAL & FINANCIAL CHRONICLE
IfvWiii'Jtf'!
rAHTLlTIES-Acoountsnpayfeble, '$i;328,*770; accrued wages Including
for profit sharing, $568,752; accrued taxes other than Fed;,..
taxes
$172>733; other (accrued ' expenses, $49,588; provision for
^Station' of war contracts, $10,0001 provision for Federal income
53 (after deducting $353,000 of U. S. Treasury Certificates), $1,^Sni'Aons term debt (bank loan due in 1948), $1,500,000; minority
in subsidiary companies, $2,457,007; 6%
cumulative preferred
($-100 par value),
$2,905,000; common stock ($5 par value),
7^0 000- paid-in surplus, $1,164,494; earned surplus, $5,065,902; total.
r
(R. G.) Le Tourneau, Inc.—Earnings-
vicinn
Period End. June 30—
ro^vrtA
Net
•Deficit.
Sept. 25 filed a letter of notification with the SEC
of common.
Stock is- to be offered to stockholders
Oct. 4 for subscription at $30 a share at the rate' of one
hare for each two shares held,
Subscription rights terminate Nov. 3,
m unsubscribed shares will he purchased hy Chicago Title & Trust
Leader
City Southern Ry.—Earnings—
1946—Month—1945
194S—8 Mos.—1945
ailwav
oper.
revs.™, ' $2,774,461
$2,914,819 $19,720,944 $26,501,301
ailway oper. exps
1,772,741
1,856,209 13,021,422
15,646,674
Period End. Aug. 31—
$1,001,720
190,000
153,000
fr. ry. opers.
taxes—,
accruals-
Net rev.
ther
tax
ry.
Railway
oper.
$1,058,610
$658,720
177,577
8,149
v
7,643
..
$493,681
164, p.
-V.
•
$683,610
157,396
inc—
quip, rents .(net Dr) __
facil. rents (net Dr)
$6,690,522 $10,854,627
1,090,000
3,750,000
1,134,000
1,410,000
200,000
175,000
$4,475,522
1,561,544
49,557 *73,468
-
$497,884
.
$5,694,627
1,008,879
•
$3,417,086
$4,059,615
1086.
Kansas Oklahoma & Gulf
Ry.—Earriings1945
1944
railway—-
$313,446
$385,453
railway——
Net ry, oper. income—
115,753
- 52,702
190,968
$345,294
175,545
78,928
$379,638
169,629
71,860
2,'461.404
3,117,014
-2,729(347
2,665,654
from
Gross
Net
*
,
from
From
1210.
164, p.
.
1,005,366
1,663,404
-1,452,720
714,802
-'630,515
12 Mos. End. Mar 31—
Total operating revenues
requirements
the
on
out-
Operating
Federal
to
Be
Offered
559,273
Net
—V.
July,
V-*.:,v jfri 4 •/
'Vr'ir
;
•«•••",
Keystone Custodian Funds, Inc.—Net Assets—
160.
Nov
P.
standing.
30.
NOV.
An
last
with total net assets of $20,653,303 on
yea'r, amounting to $19.94 per share on the 1,035,685
outstanding. Adjusting for the special distribution of $1.38
per -share
Sn net
end
of
series
!
pai^ from -dflpital gains on Aug. ) 5, .1946, an" increase of "6 %
asset value per share was shown during the fiscal year.
August, 1946, the market value of securities owned
"K.l"
fund exceeded
their
cost by. $3,172,251.
At
"
of
?,
'
Combined net assets-of. ihg 10 Keystone funds, each designed, for a
different investment purpose and generally
differing as Jo the type
of securities
in which
investments are made, amounted to- about
6170,000,000 on Aug. 31, 1946, which compares with a total of approxi¬
mately;. $140,000,000 on the corresponding date lost year,-
12, last
corporation announces semi-annual distributions of 59 cents
per share on. the Keystone medium ^grade bond fund series "B
2" and 17
cents pferA^are:4m%thevKeystone
(speculative common stock fund seriels.
"S 3,'' both-payable Oct. 15 to stockholders of
record Sept. 30.
Pay¬
ments of 56 cents onthe'*-T3"-2"^shafesand
of-SS centsanthr'73- 3'r
chares were made on April-15, last.
--4.-1 ..
(i Totaf distributions made on these issues in 1945
amounted to $3:05 on
Ike MB 2" shares and to
$L27-on tbe-''£ 3"*
1^9^
"i
.
a
Net
of
ry.
p.
Definitive
indications
well
1946—3 Mos.—1945-.
;
I94fr«6 Mos,*~1943
?
l
v
$1,086,13Q
$1,540,156
368,483
£\'v
{£'
800.458
192,281
186,792
York, N- Y., or at
Philadelphia; Pa. '
?
60,461
260,851
well
bonds,
series
62,012
16,730
$l/45i,614 ^$1,801,007
Bond;,-etc., interest
84,083
502,631
fst. Fed. & Wise.-, taxes
due
B,
:
over
Lion
3%
3,000
acres
Jan.
1,
share
per
12
to
6%
record
issues
the
on
7%
holders of record
under lease
in the
Corp.
is
immediate
also
drilling a
discovery,
miles
southwest of
this
is held under lease.—V.
164,
1946—3 Mos.—1945
p.
728.
excess
pft.
taxes,_
norm,
and
276,555
2,962
surtax.
_
.
101,789
profit
1946—9 Mos.—1945
$5,689,875 $15,454,089 $15,375,180
1,206,382
595,427
2,474,516
226,534
685,758
690,436
100,922
4,531
164,321
396,962
179,558
719,539
...766,306
$385,000
Lone Star Gas Co.
(&
Period End. June 30—
$481,964
•$274,420
$900,220
Sub.)—Earnings-
1946—6 Mos.—1945
1046—12 Mos.—1945
Operating revenues..,— $16,573,674 $16,996,349
$28,847,696 $29,466,573
-Oper. revenue deducs7,227,371
' 7,115,552
14,168,332
13,830,281
-
Operating income
Other inc. credits
$9,346,303
143,039
■i
income
Depreciation
Depletion
1975.
Lease
of
$9,880,797 $14,679,364 $15,636,292
90,948
257,589
200,906
.
$9,489,342
161,846
-
1,518,470
145,000
72,000
—
abandonments
Amortiz.
j
-
'
•
plant
acqui. adjustments
gas
$9,971,745 $14,936,953 $15,837,198
176,079
331,483
358,779.
1,418,819
2,909,150
2,749,775
163,236
271,412
310,680
72,000
144,000
120,000
.
250,000
122,216
2,609,280
500,000
$,869,493
4,785,870
6,215,358
$4,082,746
$4,022,118
$6,282,822
$5,582,708
__
As
Trust
Co.,
Fed.
income
taxes
"
Net
1944 <-
$514,902
231,289
147,245
221,833
136,580
85,567
126,217
——
4,122,841
1,478,417
897,717
CONSOLIDATED BALANCE; SHEET, JUNE 30, 1946
7
ASSETS—Property, plant; and equipment, $119,146,792; investments
116,580
4,275,374
1,519,608
$582,567:
income
-1943
$638,452
.
$579,267
242,285
'
—miscellaneous
securities, $53,319; cash, $5,023,702; United States..
.Treasury tax notes, series C, $605,000: notes and accounts
receivable'
(less reserve of $71,132), $1,717,511;
appliances, materials and supplies,
etc.
(generally at cost or less), $1,947,820; prepayments,
$281,203;
•other current assets,
$13,742; deferred debit items, $154,043; total,
$128,023,132. "V';
•
L&
$3,794,593
"170,000
cents
Chemical
$6,318,663
Depreciation
14,113
784,630
558,346
From
548,404
$2,693,433
163,636
-,84,688
approximately
Est.
57,632
Nov,
■
1945
"*1946-
,
w
1,015,0Q0
.
a
that
Period Ended June 30—.
sales
EARNINGS -FOR-AUGUST AND YEAR TO DATE
o.
August—
fronj
of
these
Arbuckle
Net, profit
f.
National' Bank
'/
railway-,^
•Net -from* railway—
jNet,ry, oper.-income^-
$3,246,189
681,153-'
m
added
block of
1943
3,676,979
$2,012,280
r"." "v1"'"1»«"'»"i»
Total income
Barton
Net
$244,484'
19,866
Tradesmen
both
by Lion
Gross
the
the
on
holders
on
Liquid Carbonic Corp.—Earnings-
ready for delivery in exchange for temproary bonds at The
National Bank of the City of New York, 11 Broadway, New
Chase
to
He
208,838
mortgage .3!^
share
per
12
paid
that
wildcat
"
.Profit from operations
Other income ——
87Va
Chemical is now drilling.
subsidiary holds abo.ut 1,400 acres
vicinity of these wells.
are-now
in
of
This
2,089,565
851,282
133,900
Gross
*
1944
$236,595
'
f
first
share
oil field
new
Income- charges
;*?
V*
2,228,667
443,947
2,175,272
741,316
income-—
1329.
"
' '*
share
per
formation at a depth of approxlsaid that in drilling the
discovery well there
another producing horizon existed at
a
slightly
shallower depth and this
horizon was tested in the second well.
This
well when tested was
found productive in the Arbuckle
formation, but
was
plugged back and completed in the shallower
formation.
A third
Lehigh & New England RR.—Definitive Bonds Ready
v
1
1945
$235,085
railway.^—^_._.-m<
cents
per
cents
Earnings—
1,747,672
railway-—.
oper.
—V. .164,
'
(Including wholly owned domestic subsidiaries)
(.excl.
from
Net. from
Kimberly-Clark Corp.—Earnings—
sales
a
good producer in the
Net
^rppi':'Ja^.:fcfe
Gross
50
cents
50
cents
Dec.
was
of
25
of
163, p. 2441.
matjely 4,440 feet.
1210.
p.
dividend
of
year.
where
1946
from
railway—
Net from railway—
.Net ry. oper. income—
-
Net
164,
extra
lukfl,
as
provided
$260,608
81,845
34,352
August—
*
Vr Period lend. Juh#30—
equipment.—V.
Lehigh & Hudson River Ry.-
The
,
and
an
cents per share
•Loss.—V. 164, p. 558.
Gross
Distributions—
of 25
Est.;
machinery
.
declared
declared, payable Dec.
30.—V.
were
Rapids Woodcraft Corp. plant has 35,000 square feet
space
and contains the latest woodworking and finishing
floor
315,975
$498,398
approximately one mile west of the town
in Pratt
County, Kansas, by Lion Chemical
Corp„f a wholly
subsidiary, was announced on Sept. 30 by Coloned T. H
Barton,
President, who added tha,t the initial
discovery well was completed
Grand
The
>
253,738
owned
consoles
the
120,357
Lion Oil Co.—New Oil Field
Discovered-
•
the
by
extra
Discovery of
of
production of its home radios and comi bination
radio-phonographs, this corporation has completed a longterm
lease
effective
Aug. 5,., 1946. of all facilities
of the Grand
^Rapids Woodcraft' Corp., Grand Rapids, Mich., it was announced
on
Sept. 2. v.*.
^
According ,.to Elmer R.. Crane, Vice-President, Lear will use the
plant to assemble and finish a portion of its radio cabinets and
This, compares
27
The regular .quartely dividend
preferred stock was also
.
Aug. 31 of
Sept.
on
increase
;to
$814,373
$539,870
1633.
directors
Dec.
on
1945, Mr.1 Finkelstein and his enterprises published a total
digest-size magazines.
This enterprise was curtailed
move
$793,608
deductionsHIIIIIII.
and the usual,
quarterly dividend of 37J/2
participating preferred stock, all payable
Lear, Inc.—Leases New Planta
$694,016
income
e an
regular quarterly dividend
onj a* common stock and an extra dividend
because of the temporary lull in the market for such magazines
because of the lack of working capital.
The market, it is said
in
310,041
$695,506
98.102
I.IIIII
£,
127,166
117,111
income
The
.
Total net assets of the Keystone income preferred stock, fund series
4<K1" amounted to $25(812,510 at the clote of. its fiscal' y,ear on
Aug. 31, 1946, equal to $19.87 per share on the 1,289,009 shares out¬
(net)
328,419
120,333
perIu
...
is coming back strongly and with additional capital now being
it may be necessary to publish a larger number of titles.
—"II
I
IIIIU'IIII
reserve
1945
$4,066,218
2,606,576
Lincoln Service
Corp—Declares Extra Dividend—
sales of current and future advertising have ex¬
this has resulted in an increasing backlog of
f
1946
revenues
income
Colonel
shares then
payroll
$3,960,466
2,821,696
205,820
—
Net interest, and other
comic
seven
and
.
1596.
operating
Gross
in 1946
p.
accrued
Subs.)—Earnings—
taxes
Other
expenses, tand
-
May Department Stores Co. below.—V. 164,
arrmori
*
taxes
Net
further
During
of
expenses
Property retirement
This
.■
if0"ffiSf B«
Kaufmann Department Stores, Inc.—Merger Approved
See
&Q 541*
taxes, S20,H2;
Lehigh Valley Transit Co. (&
1946 includes a
carryback.
$Net
503,342 shares
on
public,
ceeded
1,275,955
*
for
credit
Fashion Trades, which was started in March, 1946, fills a gap in
the rich women's apparel trades by
providing analysis and interpreta¬
tion of the news as contrasted to straight
reportage.
The manage¬
ment believes Fashion Trader is on the last lap of its developmental
•
450,256
tax
computed
Enterprises, Inc.- -Stock
stage.- Since
railway-—•
Net from railway—
Net ry. oper. income—
—V.
75,817
1943
1—
Jan.
from
Gross
provision
i3
tions.
1946
August—
stock
Co,, Inc. this week will offer shares of this company
to give the concern additional capital to be used to
its
successful
enterprises.
The
57,000 units to be
offered wiil consist of one share ($5
par) 6%
cumulative convertible
preferred stpek, and one share (10c
par) common stock.
The offering
price will be $5.io per unit.
Leader Enterprises, Inc., conducts a diversified
publishing business
started and developed
by Jerry Finkelstein, who at the age of 30 looks
back on eight years of successful
publishing and business enterprises.
The publications include the Civil Service
Leader, largest weekly In
the United States for
public officials and employees and serving a
large group of civil service Job-seekers; Fashion Trades, the
only,
national weekly newspaper for the women's
apparel trades, and comic
and digest-size
magazines.
In
addition, Leader Enterprises; Inc.,
sponsors the exhibitions of the National Antiques Show.
The Civil' Service
Leader; first of the enterprises of the corporation,
which, it is stated, has outstripped all its competitors since its inception
in 1939, is designed to
provide information for persons interested in
Civil Service examinations and jobs, and for those
employed in all
government services.
The readers are prospective purchasers of Civil
Service study material and books relating to Civil Service matters, and
pay for and attend courses in preparation for Civil Service examina¬
the
exploit
ederal income
tax
profits
excesG
common
Geavhart &
to
plant facilities.
Kansas
income
of
of
Week-—
Proceeds will be used for expansion of building
stockholder.
a
payable-—trade
,Bn?> New Yo.l!! state 'loome
Other
shares
record
o.,
Federal
amount
share
per
outstanding after provision for dividend
stand.ng preferred stock.—V. 164, p. 728.
County Title Co., Geneva, 111.—Files With SEC.
The company on
nd
tThe
proportionate
*
4 000
LIABILITIES—Accounts
1946—12Mog.—1045
•
income
f
1946—3 Mos.—1945
sales
$12,630,766 $22,228,637 $28,056,876 $44,844,382
Net inc. bef. Fed. txs.
241,168
2,944,025
*702,390
5,771,024
tNet inc. after taxes-445,274
1,003,191
' 876,548
2,048,203
Pfd. div.
requirement-78,339
59,194
135,784
118,738
tNet inc. per com. shr.
$0-73
$2,10
$1,07
$4.29
17,080,019.—V. 162. P. ?5*5»
Kane
.
1723
914,978
914,=918- 2,185,600 "
.
...
.
.
LIABILITIES—Capital
.
rrofit
of 'Wro.
Bonifas
'
-
'
■N^b«e5
North Star Timber Co.
(60% of est. loss) Dr
*
$867,001
•
25,000
30,000
:
:
'
L.
■ir,i..ir.
Jnc. before divs.
$819,142
dive.,—
115,227
#»SLPr°m
Profit
per
-
I
...
75,527
9696,320
$1,579,020
"115,227:
$581,093
$703,915
$1,398,493
'
230,454"
.
230,454
-
$1,168,039
August-—
.
$1,95
Gross
■
"EARNINGS
FOR
12
MONTHS
ENDED JUNE 30
^
Net
k'
-
^nL§aVs (,?35c1' M interplant
sales) $58,507,688 $58,794,464 $66,388,934 '.
GptLC. 8al«s-7l7——
49,455,490 48,457,101 54,336,660 "
^»en|rai and selling expenses,..^., J 6,366,058
4,998,03.1. .4,546,306
vther
°PW8tions
income
$2,686,139
1,254.350
—
$5,339,331
1—
43.456,695
railwayrailwayNet jy. oper. income—
t-V. 164, p. 1210.,
55,163,451 •67,222,496 :60,367.457
11,918,340 119,275,402
20,350,409
3,206,462
7,795,2028,893,55Q
Net -from
716,688
7,463,525
2,762,002
Nnn?al ,lncosmte
———$3,940,490
Bales";——,1—
$2,734,452
Other income
347,500
,893,074
ancl wis-
$8,202,655
414,704
4,903,500
150,000
$6,270,151
-340,904
——
ȣ;SL ?Jal''0an;
for
3,272,ipO
contingencies——i
,
of
Wm.
$2,716,512
-
Bonifas Lumber
Co.
-r-
'
$2,650,551
^
•
Cr40,092
Timber Co. (60%
'
Br30,134
of sales, • oper. &
general- expenses —
'
$211,760
g;
178,680
...
75,527
145,707
before dividends
$2,681,077
$2,474,710
460,908
499,975
dividends.,
ront
$2,220,169
$1,974,735.
$3.70
$3.29'
share^^
•Based
on
Total
Cr36,000 »
1946
$352,978
Sp? rrom
?J pm f,ail^ay
ec
ry.
railway^
oper-.
Prom Jan.
217,767
148,017
l—
120,613
' 1,295,489
•
1,929,007
'904,996
'f 26,009 — 466,942
196,593
,
1
:
m-'
:
$188,766
The
wages.
$203,628
175,777
to
several
1946,
lengthy
RESULTS
$16,472
~$12,4Q7
$23,901
876
4,373
surplus
Dividends paid
Exc. profits tax
$17,348
9,287
$16,781
6,460
$24,730
$20,287
$8,061
36,252
$10,381
$16,578
$20,287
$44,314
—
7,813
Operating
34,785
.
.
refund
27,649
$45,166
8,000
7,868
8,116
j
J
$429,545
272,072
154,604
$502,760
•
336,804
195,266
-
2,095,118
,2,060,357
'* 1,017,944'
998,343
534,818
517,383
—
$49,255
78,135
78,135
79.237
81,161
$0.73
$0.10
$0.13
$0.20
cap,
"
^Includes
1944,
and
depreciation of
$3,508 in 1943.
$2,045
$36,509
Total
. .
: ''
1946
$9,709,304
8,990,293
expense
in
1946,
$37,165
$36,111
$2,420 in
1945, $2,953
in
JUNE 30, 1946
ASSETS: Gash in banks and oh hand, $29,497J inventories, on the
basis, of cost or- market, whichever is- lower, $18,277; investments in
United States bonds, $53,500; prepaid expenses. $2,686;
fixed assets
(after reserve for depreciation of $164,011), $57,518;
goodwill, $1;
total, $161,480. ' "'"Vl
£
:>
}
1
'I
—
$719,011
29,316
—
—
;?j
*
...
I
-
'•» *
'
V
•'
.......
l
income
for
.
'
■■
■■
•;
$748,327
153,779
tax_»w^"——U——-.'--w^-^w__^..
per
20,
1946.
..
of
12 V2
cents
each
were
statistical
data
for
-
■'
wages
30—
paid
Street cars owned
Motor coaches owned..—,—
—V.
operated-,-
passengers
164, p. 281.
the
on
March
periods
29
carried
shown
;
1946
.
and
Juae
—
be
may
of
.
1945
$5,243,760
Approximate number of employees__
Taxes other than Federal income—
Revenue
stock outstdg.
-
6 Months Ended June
Revenue miles
paid
■
following
and
com.
8,643
$363,261
$0.33
_____
share on 1,095,440 shares of
interest:
?ii'222,0tt4
deductions
Net income
Salaries
r;
—
———
profit
income
ProvLsion
The
BALANCE SHEET,
v
JUNE 30,
Interest
Earns,
Cr63
;
ENDED
$44,227
standing (par $1).—
Earnings per share—
Shares
MONTHS
6
Other income
8,150
30
stock out-
June
FOR
829
Miscellaneous
$2,102,672
$3.51'*
1943
changes in accounting procedures put into effect in
figures for prior years would not be comparably
explanatory notes,
v
and
withbut
179,729
$34,219
13,932
for surplus..*
Balance, Jan. 1
$2,700,452
597,780
1944
partially granted the request by authorizing
fare increases
to
become
effective Aug. .20,
1946, pending
their further investigation.
The increases authorized were from 7 cents
cash and token fares to 10 centg-cash fares and 3
tokens for 25 cents; "
Dividends
r
Commission
interim
Operating income
1
$188,184
172,294r
1,139
income
Balance,
-
,
raHwayX.Xi^i.
V
L°per< income—. *
V.-164, p. 1329. i
:
i
1945
$354,541
193,214
income—
NefS?r«r0m rail^ay——
1
'
total,
Tl)e following condensed statement of the income for the six months
June 30, 1945, reflects the results of a
26-day strike during
May. and- increases in wages' to. employees from May 1 as a result
of
the strike settlement.
The company filed application with the1
Railroad Commission for increases in fares to offset the increases In >
:
Lake Superior &
Ishpeming RR.—Earnings—
,
$4,892,596;
Los Angeles Transit Lines—Quarterly
Report—
,
1945
1943
90,000
599,760 shares,—V. 164, pp. 727, 955.
„
1944
$33,080
—.
Total
«pSfPr0fit
per
surplus,
ended
Operating
Net inc.
^"vision for preferred
2,809,511
1,068,447
^
•
Prov, for income taxes-
—
earned
•Cost
of est.
Dr
$8,320,027
Due
1945
1946
Profit from operations
—
*ront
2,244,602 *
1,423,783 v
Lessings, Inc.-—Earnings
6 Mos. End. June 30—
reserve
aid
of construction, $313,746;
$128,923,132.—V. 163, p. 2856,
1943
$6,717,049
1,679.783
295,891
-
Gross from
$7,485,967
930,820
Jan.
1944
$8,515,850
$6,212,059
1,357,962
773,523
railway—,—
railway—
ry." oper. income—
From
,
1945
1946
-
,V
from
Net from
*rat'
in
,
Lehigh Valley RR.—Earnings—
$1,348,566
$0.97
$2.25
-*
599,760 shares.
:
,
56.000*'
„;-:nr:i
share—$1.18
•Based on
Lehigh Portland Cement Co.—Pays Larger Dividend—
A:, dividend of 62'/a cents per share has been declared oa th# com¬
mon
stock, payable Nov. 1 to holders of record Oct. 14; This com¬
pares With 37 Va cents paid on Aug. 1, last, and 25 cents each on
Feb. 1 and May 1, 1946. Payments in 1945 totaled $1 per share.—
V. 1,63,
p.- 2008.
' -
15,500
.■
75,527
,„U
XTOV. for
pfd.
$1,438^93
39,668
stock ($10 par), $54,990,000;^ notes payable
banks,' $9,375,000; accounts payable, $1,155,642;
customers'^ de*
posits, $2,997,362; federal income and excess profits
taxes, $5,589,724;.
other
accrued
taxes, $644,668; accrued interest on notes and cus¬
tomers' deposits,,
$793,412; customers' advances for construction,
etc., .$855,221;-reserves for depreciation, depletion and
amortization, $45,-"
-727,724; reserves for accident and surplus, $1,588,037; contributions
to
"
' 27,668
*.
->
Net
\
$701^30 :4L6U,879
$5,541,635
4,225
$655,635
$734,336
825
1,036
563
536
*4,203
1944
$4,799,439
"
4,053
$667,697
'
1,036
520
17,885,979
19,451,225
19,428,445
126,169,557 139,516,823 136,130,416
i
*
••.
Kliiiii S|iii hi is
;S:s|;S-;|;; Ifelllil
s
iisiii
■■':-!»
■'"
>'
■.. -1
i
\r,..'''
■...
.;V V '-7/
•-
Net
Net
ry.
railwav-—
$4,609,428
$4,724,874
1,288,553
1,769,513
railway-Llaiiway
from
Irom
income-
oper.
532,354
$4,732,910
1,846,144
822,040
1,066,781
■
1943s r 'S^''.
$4,580,344
An. order of
Irom
rslway
Net Irom railway—-,.
Net rv. oper/ income—
\w-tV. 164, p. 1329.
'
.
30,679,727
| ' '
2,151,114
1,141,980
Sept.
'''•
8,672,020
2,208,796
3,419,796
as
9,030,545
■
August—
Net
railway
railway—.—
from
Net ry.
■>
1946
from
Gross
-Prom Jan. 1—
Gross
)Net
ry.
$1,471,278
667,142
186,451
;':'.'v"Sv£-
from
2,823,675
$1,767,233
728,125
1,311,787
1,846,100
8,710,810
14,112,259
169,766
700,278
13,476,001
5,437,051
1,460,137
164, p. 1210.
1 Louisville
;;
'
■
.'■■■
1,488,836
>'
i
I J
from
railway
railway
from
::164, p. 1210. v
i
The
Magnavox Co.—Co-transfeif Agent—
Bank
agent for
of
The
Manhattan
500,000 shares
Co.
($1 par)
has
been
524,037
479,518
frh:±
'
Kaufmann
co-transfer
1946
deductions
revenue
Utility, operating Income
incomi^net
Other
——s.—
taxes
t .Qross
.i—
-
723,845
•
iNet income
164, -p. 2111..
stock
now
$507,129
194,190
Discounts
$344,786
87,825
$312,939
>
JI'Maine & New Brunswick
on
—
$1,727,189
Operating
Operating
revenue
Dominion
income
Retirement
deductions
and
reserve
profits
1945.
.133,783
51,906
30,000
30,712
ggg',
Utility operating income
income—net -!——*—
Other
$131,985
.
-
.
Gross income
$104,246
2,261
3,156
$135,141
v
deductions
Net income
54,693
v
$80,448
$106,507
28,650
:
$77,857
1946—3 Mos.^-1945 "
J $65,215
$58,542
18.294
14,150
.
Balance
$46,920
3,737
„
Other income
"
f
.iA.
-V
0 Total ^
Fed.
inc.
S.
of
5*
for
$44,391
3,003
-1945
$90,459
6,263
*
6,302
"
r
.
330,000
$29,974
396,000
$36,528
330,000
$0.04
$0.07
$0.11
<
laboratory,
will
be
verted
'
pilot
have
been announced
The new
0
'
'
and
according
to
new
said
carried
that
laboratories.r-V.'
applied
in
on
will
the
development
to
Mr.
be
in pulp,
by D; C. Everest,
research
unit
conducted
at
the
in
an
resulting from
be
in charge of the
pulp, paper and chemicals
applied research on con¬
company's
164, p. 424.
unit
be undertaken
by
traces much of its
processes
will
on
while
a
Menasha,
Wis.,
End, June 30—
Proyi for Fed.
Net
.
6,252,146
2,375,815
$3,876,331
profit
*tfecludes
3,458,594
$1,224,675
$25.84
$8.16
$0.55
inc. tax._
Net prof,
per pfd. 8h.._
Netfprof. per com. sh.«
.
rental
1946—6 Mos.—1945
;
4,683,269
$1.91
income
of
$998,297.
$2,001,768.
fBased on preferred
period.—V. 163, p. 2294.
11,428,974 v- 9,793,307
4,343,010
7,232,357
:
6 Mos. Ended
June
Gross
Other
operating
income
30—
&
$2,560,950
$47.24
$3.48
1945
1591320
Operating
Taxes
t gii
costs
than
Federal taxes
on
Federal
income
os?ftft5
rSroJ
~
other
rS3*252
??7 ?nn
income_--"*I
1 249 220
936 021
^
Consolidated
tion
charges.ZZZIIIIIZ"
;
$2
prelerrid"ihMi"s:~
Consolidated balance
-V.
164,
p.
are
authorized
424.
58oil62
-
v
Metropolitan Ectfsbit
Operating
$$1.15
of
1945
102,210
$10,314,307
5,228,334
570,399
737,500
1,207,849
1,137,244
purch.
for
3,120,066
resale.
986,772
489,160
for
Other
depr.
of
util.
inc.
taxi
«i
no(-
527,884
taxes
*1'("!5'196
1,271,134
$905,094
762,680
J)r$l85,337'
...
income
Gross
its
per
Cost
10,000
^
<
deductions
:
,
'
preferred
864,000
818,000
453,278
.
/■
?r.
shares, of
which
ior redemp-
for
income
deductions
$2,121,821
$4,181,710
11,981
^3,474
Income
"Reduc. in Fed. inc. tax.
$2,171,491
369,465
$2,133,802
$4,245,184
753,538
sa.to earn,
surplus, $1,802,026
Resulting from
0n
January, 1946,
S
Cr491,000
$2,065,471
$3,982,645
deductions,
r„°-"'aZain
ion, charees
parents.
431,331
Cr363|00O
in consolidated
returns
secdrities of former
under
fnr
indirect
Chapter X
n° l0nger &vaU?ble due
-rL^ ^.;-/?AW^iS?EET.UJ}UN?l
of
the
*
$3,321,604
11
a
"
1,121,000
850,198
$4,745,421
348,084
$5,093,505
2,033,707
Cr625,000
$3,684,797
intPrP-t
Darents
>.
*
1946—6 Mos.—1945
"
1
$4,439,177 $10,260,441
80,594
249,876
624,810
C-i
and
458,905
$9,129,722
1,673,908
877,265
'
>
1,325,000
-
$8,670,817
433,639
$4,689,053 $10,694,081
847,385
2,255,323
593,615
1,153,453
$5,597,120
1,200,833
-
:
\
•
v,
1,214,250
:
'.i
2,525,000
2,916,750
$2,446,477
$2,033,803
$4,760,303
$3,661,799
$1.31
$1.09
$2.56
$1.97
Current assets as of June
30, 1946, were $46,485,372 and current
liabilities were $9,440,659
including therein the reserve for 1946 Federal
-
—
-
-
,
and
State
income
taxes.
On
867,728 and current liabilities
June
30,
were
1945,
current
assets
$9,049,998.—V. 163,
Midland Steel Products
Co.—Earnings—
Period—
tManufacturing
Selling,
Other
profit
general and
tax
$723,975
119,243
—
admin,
exp,---
*
were
$46,-
2858.
|
.
(
„s
^'
(38%)
177,000
Profit feeif. est. exc. prof, tax refd.
Estd. excess profits tax
refund——
31/46 June 30/46
•$122,223
$601,751
114,917
234,166
19,398
86,345
59,722 '
122,151
—. 9,545
Crl20,000
57,000
;
66,947
62,429
9,545
—-
$288,803
Net
.
p.
3 Mos. End. 3 Mos. End. 6 Mos. End.
June 30/46 Mar.
deductions—!————'
Income
1,720,500
BankruDtcv
-
profit.
110,000
deducting
cost
of
*$196,261
465,000
$398,803
■
-
♦Deficit.
tAfter
labor and factory
.
$268,738
goods
sold,
expenses.
>
$92,541
575,000
$667,541
including materia^
NOTEr—Because of uncertainties then
existing, the company did* hot
reflect any possible tax refund in
its original statement of
income and
expense for the three months
ended March 31,
1946.
The estimated
excess profits tax
refunds reflected in the above
statement were com¬
puted by applying the so-called
"carry-back" provisions of the existing
laws and
allocating to each quarter year one-fourth of the
company's
excess profits tax
credit.
The results reflected in
the above statement
have not been
and
are
p. 3076.
audited, are based upon
subject to
adjustment upon
estimates
final
in
material
respects
162,
determination.—V.
,uh
ire^Act")
of
$142,414
I,
v*
Corp.—Earnings—<
$5,516,526
Depreciation
Profit sharing
to the reorganization
30. 1946
r,ti',,
$19,979,422 $17,343,290 $36,978,973 $33,952,772
12,417,482
11,345,540
22,927,584
22,311,178
2,045,412
1,558,572
3,790,947
2,970,776
——
Federal
Net income
Per share
Dar
$8,445,928 $17,329,950
$16,957,389
•3,211/754
6,057,306
6,775,342
519,903
1,580,488
817,684
448,387
"1,065,953
482,063
$3,511,604
' 190,000
<
sales
State income taxes-_-
accumulated
$2,147,010
24,481
24,377
$5,308,931
1,797,327
yj&rg&i#.-.
|^
1946—3 Mos.—1945
Deprec. and depletion—
Leaseholds sur. & aban.
,
1946—12 Mos.—1945
858,000
804,000
$5,284,553
>
,
>190,000
t v""
Net profit from salesOther inc. credits, net-
accumulated
shares called
Cr497,506
V $3,486,939
v,
vvv v '-k
19,407
$79,183
30,667'
outstanding $50
e *
>
Cr205,385
$3,296,939
2857.
''A1-*"
allowances
of
Prov.
and
/
,
$4,893,253
1,406,313
—
Sell. & gen. & adm.
exp.,
■
share
4,080,753
t
„
$4,765,280
•
Operating income
Other
such
all of
$55
2,606,628-
63,420
•
income
163, p.
and
$256,207- :
1,722,000
1,860,000
852,493
~
2,740,749
11,587,889
6,813,414
1,063,089
1,670,856
63,420
2,707,320
<8,240,340
1,517,793
1,858,698
«
Ferio^d'End. June 30—
Gross/sales, less returns
927,244
i
for Fed.
9,290,536
'
Co*^—Quarterly Reports-, II-
Maintenance
Prov.
$1,432,979'
at
dio4r£r!LMoS~1945
expenses
of
retire
issued
$30,878,061 $32,773,792
———
—
———
income
Midland Valley
RR.—EarningsAugust—
1946
Gross from
railway-*--.
Net from
railway—
oper. income--!
-
..
Net
ry.
$151,398
30,086
7,132
1945
$144,820
,
~
.
$38,022, deposit in escrow in
accordance with
consolidated tax
liability
Net
ry: operr
Income—
—V. 164, p. 1211.
1944
-
36,705
20,801
^
Gross from
railway.-.-!
Net from
railway-!!-!-
G
N
N
MONTHS ENDED JUNE 30
resale
Net income
per share.
and
12
Mid-Continent Petroleum
$357,054
59,776
99,581
"
:
$104,391
—V.6 157, pn818e treaSUry' leaving 6'343
Elec.
balance
Consolidated balance
Prelerred dividends
on
56,609
:
—V.
1943 ^
-
283,523
*
Maintenance
Depreciation
r
$355,788
to
Ni
N
Balance
Merrimac Hat
Corp.—Calls Preferred Stock—
The
$17.07
Light Associates <&
Subs.)—
'"",v
•
1944
$301,595
72,265
-
11|:■...I1945
———
for
sta
P.
hearing for Oct..
Dividends on preferred stock
Co.—Earnings?—
ixf.x,*.-
plant
-
in
company
30 ^ed a letter of
notification with the SEC for
2,500 shares of class B
stock (no par).
Price
Underwriter, Hanson & Hanson.
$18.50 per share.
Stock is being sold
by Cleveland E. Dodge
executor of the estate
of William
Fellowes Morgan.—V.
163, p. 782.
'
revenues
$10,896,540 $10,212,097
"Total gross
earnings
Gross
Total
/,
$161,000
next,
•
dee
of
$5,787,567
5,606,004
«•
(net)————U—'127,972
nation-wide
$1,748,661
451,436
2,
a
C<
G
•/'""/-••'v' >"/•,
<••>••«*«
1945
$7,596,869
7,520,103
,
Operating income
Other income
o
Operating
rental income
requirements at end
revenue
a
47,009
corporation has elected
stock on Dec.
'$813,864
797,092'
—
Merchants Refrigerating
Co., New York—Files With
SEC—
Prov.
Massachusetts Bower
and
Transportation
$1,297,225
Period End. June 30—
$7,085,964
tlncludes
dividend
York
%.
There
$47,399,666*$38,853,851 $88,673,610t$77,326,753
Earns, bef. Fed. inc. tax
rr;(■*
'
•
$48,516
depreciation but before
provision for Federal
'
taxes.—V. 164
\
'
After
1211.
"
,,
since
.
30,689
preferred
1946—3 Mos.—1946-
r
Net sales
New
1,717,972
Net income
p.
in
729.
$277,097
113,991
oper
^
Reduction:due to-inclusion in-consolidated re-—■
turns of American Light & Trection
Co.,
parent company
brands to jobbers is
planned
that larger retail
supplies of its
in all parts of
the country.
1946
Net income
Prov. for Fed. inc. taxes
*
p.
at
sha
-
Amortization of utility plant
acqui. adjusts
State, local and miscellaneous Federal taxes
Federal income & excess
profits taxes separate
return basis
which
operation
T<
1211.
p.
so
$192,399
dividends amounting to $1
Marshall Field &
CJo.—Quarterly Report—
'Period
-
from
line
change is contemplated
in
$902,581
*
revenue
acquisition
Somerset
to
Everest,
products and
new
3 Mos. End. June
30—
Total revenues
1
'
the
N
Tot
which
$6,635,527 $51,982,964
$46,404,134
4,330,124. 37,034,336
30,208,043
1,491,539
7,351,759 10,408,524
931,361
.
EARNINGS FOR
Depreciation
studies
laboratory is
Abrams,* Vice-President,' who
products
Miners
v!.
j\i >|?r
research.
Pr^;Allen
&
Net gain on other
profit
and loss transactions
research
which,
Merchants
22,500
;
to
No
164,
payments uf
1946—7 Mos.—1945
$6,643,583 $52,107,411
$46,463,753
8,056
•
124^447 -v
59,619
5,982,980
P. 1087.
Net income
.S?%^
.
'' 2,000
9,000
$15,386
Manager.
growth in recent years
■■■
*Net inc.
'
of
flVZXpy i
37,694
paper and chemical
products,
President and General
company
$294,494
Somerset
Somerset
system of branch offices.—V.
164,
*»•*;!
$96,723
$0.06
,<5
of
announced,
45,771
2,000
added
volume.
Ope
Ope
—V
those
Maintenance
for
N
agei
—V
'1946—Month—1945
income-—898,043
Gas purchased
Operation
50%
a
way
be
shortly be available
maintains headquarters
$77,746
Y J^C&rathon Corp.—To Build Research
Laboratory—
Plans for a modern
research laboratory to be erected
at
Rothschild,
Wis.,; in 1947, to accommodate research and
expanded program
Mr. Dunn
several lines will
23,008
1596.
v
the
of
income.—V.
$7,816,922
Operating
$490,994
196,500
694,000
$1,131,676
of prohibition.
allocations
immediately,
•
27,153
July 31—
^;l.• ;■
V
Somerset organization which
has been
$47,394
share
p.
present
available
upon
including
$7,835,032
18,110
>-
of
prominent brands to
further enhance its sales
Additional
$117,613
$71,443
...
■
period__
outstanding
per
distributor
other
the
35,676
„
$23,061
396,000
"
'■■■
Shares
^
mat
$31,004
'
interest in the large
Somerset Ltd.,
Inc., of New York, N. Y., sole
Haig & Haig scotches and Gordon's
gin, was
on Sept. 24
by William C. Dunn, President.
Somerset, one of the biggest organizations
in its
field, holds ex¬
clusive U. S. rights on
Haig & Haig Pinch Bottle and
Five Star
■scotches, King William scotch and Rlondo
rum.
«*»
.»
According to Mr. Dunn, negotiations are
under
U.
shortly after repeal
1946—6.Mos.
$107,119
$446,391
stock
11 on the • proposal of
the
company to purchase from! various' stockholders
of West. Michigan
Consumers Co. all of the
outstanding capital stock 0 f t h a t company
consisting of 4,182 shares of common
stock, without par value, for
$353.68 a share, or an
aggregate of $1,500,000. West
Michigan Con¬
sumers Co. will be dissolved*
announced
25,596
%'■
taxes
.
Earned
corporation
$50,658
Deprec. deple., dry holes,
leases forfeited, etc.—
-fV.164,
,34,269
$1,825,676
-
^
Acquisition by this
liquor import firm of
Maracaibo Oil Exploration
Corp.—Earnings—
Period End. June 30—
Operating income
Oper. exp. & gen. taxes
♦$71,453
and debenture
The SEC has ordered
$594,675
52,771
50,909
•<$. ■ $'
$1,242,728
Michigan Consolidated Gas
Co.—^Hearing Set—
*20,607
:
en
^
$1,616,39.1
$63,264
—V.164.
14,195
4
Co
ary,
1,211,724
Operating revenues—
Operating expenses
Operating taxes———
Merchants Distilling
Corp.—Enters Import Field—
will
inc.
i.
•""
1,170,000
Operating revenues——
Uncollectible" oper. rev.
■
—.
163, p. 3139.
for
provision——_
Net profit
—V. 163, p. 3287.•
r
I;<;
Income
over
,
$319,936
115,262
57,324
taxes
——
:v
'
1
201,954
Period End;
.'204,793;
$1,859,945
Provision for estimated Federal
income taxes—
Electrical Power Co., Ltd.—
—-—
excess
accruals
Excess renegotiation refund
Sundry deductions
1
Michigan Bell Telephone
Co.—Earnings—-
$538,919
20,952
£,
;
—
"
$130,501
>
190,000
dependent
Net
49,170
/
.
.
^
1946
revenues!—, $335,285
is
.
35,459
;
purchases
will
Woh
Woh
l:
Subs.)—Earnings
charges—..
5,023,253
v
prod
construction
earnings!-—-
Net
A5,766^966
84jl69
,
•
>
cumu¬
1945
-
9,497,661
(and amort, for 1945)
J
income
$253,264
int.
Net.operating income
11946
•••••
.
and :• dividends (received—*
earned
income
Total
$256,961
'
f*
s.
•On bonds
48,126
Interest earned
55,754
-
annual
M
soutl
'
||
represents 1/5 of a share of $3.40
income-.—
oper.;
Accrual of
and
$7,972
•
1
Deprec. of fixed prop,
Other
r
.
tcl2 Mos. Ended June 30—
Net
*
•
.I $289,032
.
hI
$11,309,020
•
—
■^-v.
$180,404.
;
116,390
$491,127
■■■-
—...—>.
.
Pro.
$731,816
723,843
3139.
common
■'
,
Net
$904,249
-4-;^-.-—-----
—
and
of.
Su
1
';l'
'
balanceP.«T!—'i..
6 Mos.Ended June 30—
526,691
209,579
46,975
16,002.;
'
v -
income, i.——
deductions —-—
Income
1
$788,925
57,108
56,507
Maytag Co.—Earnings—
„
$1,188,669
115,495
—-.---w-—
'.'v ,:■>
1945
$1,296,192
570,929
-66,761
51,878
Netlr^mentreserveaccruals-^---——
!
•/
Tt
:
Well
total, $73,300-
(Expressed in Canadian Currency)
Period End. June 30—
1946—Month—1945
-1946—6
M0S.—I945
Gross earns, from oper.
$1,550,969
$1,166,729
$9,073,583
$7,102,467
Oper. exp. incl. deprec.
1,297,705
1,036,228
7,457,192
5,859,739
\> *V'4* .'
"v■
lative preferred stock of a new series and
9/20 of a share of common
stock of The May
Department Stores Co.
The present
outstanding
stocks of the latter
company remainunchanged.—V. 164, p. 1596.
capital stbck.--V.164i p. 728.
revenues
federal income & excess
profits
Dominion of : Canada taxes.—
>s
513,915
765,562
$960,757
contributions in
aid
of
earned surplus, $2,769,252;
Mexican Light & Bower Co.> Ltd;
(&
377,995
May Department Stores Co.—Consolidation Ratified-*
^
appointed
Mos. Ended June 30-*
Operating
Operating
b
379,748v-m/>232,805
income.
stock
(non-refundable), $165,265;
513.—V. 163, p. 3287.
The consolidation of this company and Kaufmann
Department
Stores, Inc., was approved by the stockholders of both
companies at
their meetings held on
Sept. 30.
The formal documents
effecting the
consolidation
of
Kaufmann
into
May Department Stores
Co.,
the
surviving corporation, were filed on Oct. 1.
Each present share of
Maine Public Service Co. (&
Subs.)- -Earnings—
,
145,737
$6,933,433
4,254,228
.
Consolidated Balance
—V. 163, p.
'r6';
-
f^The)
■112
y '*■'■'
Consolidated
-"■>
111,100,604 140,036,108 143,074,651 138,260,653
18,017,250
49,099,078
55,597,815
61,447.378
9,450,680
16,935,083
16,638,511
17,636,765
—_
£fet' ry." oper/ income—
,•
197,935
—
from
Gross
Net
'■
$7,122,822
4,505,764
——
—
1944:..
1943
railway—_ $15,824,723 $15,853,894 $18,644,710
$17,674,138
Net" from railway——
3,553,430
3,987,345
7,448,348
7,592,490
Net ry. oper. income—
1,996,272
1,884,780
2,183,606
2,226,035
*Erom Jan. 1—
Gross
1945
—a-.
-——
Preferred dividends
LIABILITIES—Common
no
par value (360,780
shares issued
and outstanding),
$10,823,400; cumulative preferred stock
($100 par
value), $12,500,000; premium on cumulative preferred
stock, $173250first mortgage bonds 27/a%
series, due Nov. 1, 1974,
$24,500,000; divil
sional lien: York Haven Water & Power
Co. 50-year 5%
bonds due
June 1, 1951, $1,247,500; accounts
payable, $597,380; dividend
payable
July 1, 1946,- $121,875; customers'
deposits, $113,337; Federal,
taxes accrued, $1,805,703; interest
etc
accrued, $169,119; other
current and
accrued
liabilities, $77,753; deferred credits,
$23,742;
reserves
*or
depreciation of utility plant, $17,511,369; reserves
for Federal
taxes for prior years
income
(including $90,903 deposited In
escrow), $559.
869;
other reserves,
$139,699;
Subft.)—Eafniugsf
1946
$116,431),
.
|
Consolidated balance
Interest and other charges.—.-
1945
uncollectible account*
$1,221,105;
interest and dividends
receivable, $5399.
materials and supplies (including construction
materials);, at average
cost or less, $708,978;
prepayments, $62,030; deferred
debits, $25 433.
total, $73,300,513.
; >;
■'r
I
largest amphibians ever
stages of the war and has
and Martin personnel In the
Vo
J>; vT''a■"
,
in banks and on
hand si
special deposits
$21,910; U. S. Govt; obligations
(at cost)"
$3,300,000; accounts receivable (after reserve for
•
the
lV\
>
Taxes, other than Federal
Federal taxes on income
RR.—Earniriks—
1946
,
"Vv
451,444;
of
#
372,995
■
Louisville & Nashville
-smaller types
as-
;v
of this company lor the week ended
Sept. 28, 1946,
totaled 28,811,000
kwh., as compared with 22,512,000 kwh. for the cor¬
responding week last year, an increase of 28.0%.—V. 164,
p. 1596.
■
/'v
| V! ]"
7, 1946'.
•.}
airplanes are both
and fa; addition. afford.-
npflfAPiotlATl
x-i
'
f *
__________
amphibian
Operating'- -■ costs.Maintenance..
(Ky.)—Weekly Output.
.1 Electric output
August—
versatile.
large
their own.
airplane, which is the first of
was
completed during the final
Total gross earnings
■
/.:V;'v/vf;
Gas & Electric Co.
that
6 Mos. Nnded June 30—
Gross operating revenue
5,504,465
,
v-'y
demonstrated
13,095,916
■
■
which
Massachusetts Utilities Associates (&
$1,605,394
201,906
6,421,967
income—
oper.
—:——
:>>.vy'-V'Ali-I-!':
•
Other income
railway——
railway—_—
from
Net
r'
|
1943
■.
:
•!,;• t ■.<.;;i' S
>-t,V-i>'4/' ■:h■ /
apportionment agreement; $90,903;; cash
extensively tested by, both Navy
ensuing months.r—V. 164, p. 1086. ' ''
1944
; -, :
;v;A i'-r♦►>
been
1945
$1,213,744
.
466,513
210,471
income—
oper.
•
20
practical jand
The
built,
;J ^Louisiana; &VAirkan^ Ryv- -Earnings—
»vf
•,l
•
■
-•many advantages' of
'S
'
'
:v
■
The order, which
may be increased later, was announced following
completion of a series of strenuous test operations by an
experimental
29,083,428
3,070,461
,
30,600,508
7,950,362
21.
model
1
,
!
"
31,113,510
6,595,702
752,144
,
•
large Martin Mariner amphibians Jiaa been: placed
fey ythel United? States; Navy/yrtth /this 66mpany< it rwak*fcttttbuhced m
Prom Jan. 1—
Gross
■■■
(Glenn L.) Martin:
■
.
S'Gmf tam-
u:
>'•.
..
'
■
11
.
•«■!,
•fM*
Long Island RR.—Earnings— V
_3—:.
:
;i~,v'*;' •''
SS;,^i': ^46f
i94&^|l|SS:;Sr:;aL944'"'.'4''
^
-
'M
'
'
'iltiiiii!^
•*>n
'
:
1,065,169
1^175,099
223,372
64,323
395,119
195,429
1943
$134,728
$154,469
43,726
26,680
34,690
'
17,470
,
J''.,
1,118,664 .* 1,223,228
353,828
154,766
-
515.499
273,78ft
G
C
P
Volume 164
^Number .4531
TUS.COMMERCIAL&rFINANCIAECHRONICLE
Missoiiii Pacific RR.-^Earnings--August—
Gross
Net
1946
1945
from. railway—. $15,757,935
$19,731,446
from
railway...
3,796,683
7,521,909
Net.
ry. oper. .income—^
>2,248,740
2,369,328
V»Frpm<Jan.li,'-vv i r ...
'< -•
•
Gross from railway.:...-'
113,087,590' 153,672,072
Net from
railway
22,436,907
62,520,279
Net ry. oper. income
10,805,122
21,426,795
—V.. 164, p. 1635.
.
Monsanto Chemical
_.Tho company
war
has
§tyrene Piaut--r
announced
Assets Administration
of
styreno plant which Monsanto
under
the
$9,550,000
government-owned
a
built
and
purchase from the
Texas City, Texas,
operated for
the
government
the
wartime
synthetic rubber program.
The purchase was
contingent oft .approval by- the- Department of Justice and the Office
-
of Rubber Reserve.
The
company said the negotiations were part of
its polystyrene plastic production
to a rate
a program
to
of more than
pounds by early 1947. - Polystyrene is a thermoplastic mold¬
ing compound used in home refrigerators, cosmetic containers, battery
expand
80
million
cases,
plumbing fixtures, kitchen utensils, dishes and hundreds of
other applications.
Styrene is a hydrocarbon made from petroleum
and coke-oven fey-products./; 1 j
■ .'•«
v
,
>
a\» •
The plant is situated on 30 acres of land on Galveston
Bay- and
employs about 500 persons.
Designed and constructed by Monsanto
in
1941
plant
to
to
of
the
into
50,000
styrene
tons
operation
During
program.
inents.
■
produce
go
production
needed
to
annually,
the
in
the
meet
the
;
it
the
was
it
years
nation's
first
styrene
synthetic
government's
war
produced
rubber
21%
about
synthetic rubber
require-
'-.Vy,
The plastic^ ^expansion
program, the compariy said,- Included En¬
largement of its Plastics Division
plant
facilities
at
Springfield,
Mass., and installation of an additional polystyrene production plant
1
adjoining the Texas City plant.
The company owns several buildings
large dock adjacent to the government plant site.
This prop¬
will be Used to house the proposed additional units.
Styrene
and
a
erty
for
polystyrene production will be transferred to the
by pipeline from the present government plant.
Felix
N.
Williams, Vice-President, said
the styrene plastic
output capacity which
additional
units
•
-
50%
of
Monsanto has under con¬
struction at Springfield, already is in production.
The new facilities
at Springfield with those at' Texas
City will represent a major item
in the division's $14,/fe
million expansion program.
Canadian plant facilities
for
production of styrene plastic also
are
expected to be in production by fall.
This plant is designed
to
both
serve
The
the
Canadian
thermoplastic
iustron.—V.
is
and
that
the export
marketed
164, p.. 829.
by
;
more
than
market.
under
the
Monsanto
name
'
,
Montgomery Ward & Co., Inc.—Earnings—
v"
6 Months Ended
July 31—
'
•••
.
..
1945
1946
-
-*
$
Net
sales
'
•
418,397,220 289,787,519
'Cost of sales,, selling, and general' expenses,, and
all taxes other than income-taxes^.375,484,651 268,302,284
*.
Deprec. and amortiz; of -fixed:':pfoperties^.-^w
£.
Profit
taxes
before
income
on
1,638,969 '
•
Net
:
operating profit..
Net profit
on
np1 Earned
.
inventory price decline
4,000,000
to surplus
on
Dividends
Class
7,801,102
-
Prov. for possible future
Dividends
4,705,000
7,310,000
24,558,600
taxes
19,816,102
16,715,000
Federal and State income taxes____
Excess profits
stock..
705,439
705,439
5,217,147
stock
per common share
5,217,147
$1.36
'
COMPARATIVE BALANCE
$4.57
SHEET, JULY 31
—
J
U.
Receivables,
securities
S.
less
Merchandise
66,620,703
:
reserves.
59,320,127
198,439,061
11,708,100
—
inventories
Prepaid expenses
Fixed
1945
1946
-
and
7,301,102
20,558,600
"A"
common
ASSETS—
Cash
1,669,133
41,273,600
-
...
___
,
assets
39,003,245
Total
■
$
81,015,626
46,568,488
139,377,931
7,893,427
40,973,588
375,091,236 315,829.060
'
LIABILITIES—
Current
liabilities
Reserves
61,769,846
23,212,082
1
Capital stock
172,957,747 149.035,664
117,151,561 111,396,780
Earned surplus
Total'"<
—V.-164,
375,091,236 315,829,060
" - • :/
1635.
p.
36,661,522
18,735,094
Montour RR.—^EarningsAugust—
Gross
"c
1946
railway
railway
Net
ry.
oper.
income...
From
r
from
Jan.
1944
1943
$262,105
$282,200
$286,084
109,671
119,373
77,674
81,268
2,036,348
716,825
1,917,429
770,136
524,995
542,158
1—
95,250
iBk Net
from
^ Net
ry.
—V.
railway
railways—
oper.
164, p.
income—
1635.
90,488 '
71,080
65,929
1,632,355
244,810
W-Gross from
>
1945
'$303,720
from
Net
•
1,959,451
256,527
*
639,494 %.
474,812
* '
!
(John) Morreli & Co.—50-Cent Extra Dividend—
,
An extra dividend
of 50 cents per share and the usual quarterly
dividend of 50 cents per share have been declared on the common stock,
both payable Oct. 31 to holders of record Oct. 11.
A similar extra-
distribution
was
made
on
year 1946 will be $2.50 per
Operating?? revenues.
Operating expenses:.:.;
Operating - taxes:
V,
•-
.«
i**
Net
--i...
| 'I'CJP
oper; income.:-.
Net ; incomei—i-
—V, 164, p; 829.
Oct.-2.7. last year. Total payments for the
share, the same as in 1945.—V. 163, p. 1570.
National Power St Light Co.—Earnings—
Under Way
Unit Shipments
wiuv
Kipnis, President, recently stated that shipments-of kraft
use in manufacturing corrugated
boxes were no# under
*"*""•
TJunot>
-way fromth<r newly acquiredsubsjdiary, Tomahawk
He further stated that one of two machines owned, by Tom^awk
Kraft Paper had been converted to the manufacture of kraft board,
the1 second machine is still manufacturing spwialty kraft papers.
The additional supplies of board from the Tomahawk mill
diately be reflected in increased sales of corrupated boxes by the
existing converting plants operated by the parent corporation and
subsidiaries.—V. 163, p. 2859.
Samuel
board
•
for
*
'
—
"
Period End. Mar. 31-
Income
1946—3 MOs.—1945
^"v"
"
$150,043
143,701
890
$150,507
$741,481
$981,142
89,238
72,721
348,292
1,075
4,977
183
319,559
:
3,010
taxes.*
taxes
and
National Gypsum Co. (& Subs.)—Earnings—
1946—3 Mos—1945
1946—6 MOs.—1945
deductions
•
%</ Prov.
&
6ell„ admin. &
-4;
*
11,616,626' 101«6,262
'
«„«„„«
$1,444,514
$4,441,078
$2,674,959
881,840
734,266
1,722,627
1.465,770
$1,546,692
$110,248
$2,718,582
$1,209,189
gen. exp.
'
-
320,874
81,735
349,346
190,235
$1
$1,867,256
$791,983
$3,067,898
$1,399,424
doubt.
disposal
assets
138,405
43,617
special
accts._
J
8,078
63,605
31,023
85,158
Gold
Land
8,421
473,200
1,073,500
665,100
$1,053,258
$0.58
$238,068
$0.12
$1,727,218
$0.93
$519,559
Earns, per com. share—
—V. 163, p. 3420.
•
.
.
National Lead Co.
;
6 Months Ended June 30
dredging
Depreciation,
Gross
$302,043
$6,993,896
1,656,327
Total
15,000
income
<
income and
Federal
Pension' reserve
—
3,580,768
profits taxes—
excess
—i-i.--
—»
—
.,—.«
$5,069,455 ' $3,475,845
797,275
797,275
232,386
232,386
net- income^*>.*<.<.«u.——
Total
Dlvs.
on
DiVs.
on
'•
•<u't>-
class
A
•*»"/".'
V-V1A,
preferred Stock*---—,—
class S preferred stock—•*
•
/.Amount
■
earned
on
Common dividends
;
;•
"
♦
•-
stock
common
i
—$4,039,793
paid-.
Amount earned per
$9,986,187
6,447,841
62,500
Stk. outstdg.—
com.
.
.«
$2,446,184
772,666
$0.79
1,545,332
shr.' on
.i
6,726
7,941
BALANCE
$1.30
SHEET, JUNE 30,
ments
in
10,536
credits
60,654
$723,554
$324,984
$398,569
Omaha
mittee,
Public
167,129
this
District
on
Sept.
from
company
the
Gross
composed
of
into
Electric
.
ry.
New Bedford Gas & Edison Light
12 Months Ended June 30—
Total
operating
Total operating
s
*
Net ry.
payable and accrued liabilities, $6,298,262;
subsidiaries, $120,963; provision for taxes,
Including Federal income and excess profits taxes,»$10,368,679; divi¬
dend
payable Aug.
1, 1946 on class B
preferred stock, $116,193;
reserves:
(fire
insurance,
$4,797,284;
employer's liability,
$426,664;
pension, $5,475,595; contingencies, $4,080,358; general inventory, $700,340), $15,430,240; preferred stock, class A, 7% cumulative, non-callable
($100 par), $24,367,600; preferred stock, class B, 6% cumulative, nonpallable ($100 par), $10,327,700; common stock (par $10), $30,983,100;
capital
surplus,
$485,295;
earned
surplus,
$37,620,867;
reacquired
capital stock, at cost, Dr$5,048,248; total, $131,120,651.—V. 162, p. 989.
income
Other
income
railway
income—
oper.
5,091,654
29,799
$1,678,856
124,559
504,894
income
taxes
—V.
income
The
directors
on
have
the class
A
declared
the
full
stock, payable Oct.
Last year, the
company
V. 162, p. 1396.
paid $1
year's
15 to
dividend
NOTE—-For
oper.
the
ciation
of
1,355,267
the
J
Net sales
Gross
Other
and
selling
and
purchased
admin,
6,683,823
income
$847,764
$8,772,004
212,671
326,592
.
week
the
a
year
Sept.
27
Gas
14,136,016 kwh.
above
production
ago.
week
is
Securities
and
"ihking
income
$1,060,436
Ib4,
$9,098,596
298,126
.
p.
167,168
Other deductions
and
on
reported
ft->
Exchange Commission
on
2,300,000
shares
163a.
$762,310
Prov. for
Fed., State and foreign taxes
refteg. of profits for the 6
ended June 30, 1945_
and
Consolidated
Estimated
income
credit
provision of Federal tax
from
months
320,000
$442,310
s'
Total
-
on
4Va%
Dlvs.
on
on
«uiuiu,c,
are
stock
Net
is
oper.
30,
included
in
accounts
the
amortization
charges
for
the
12,780,740 kwh
at
121,405,000
above
a
contracts
(not
including $834,196 of
$447,160; accounts
£^ne^nt of suh-contractors),
trie's^ ^2r9S2er4e39f*°rinvpl5tfUl notes an(J
of
Oct
2
gave
the
com-
of
plan which calls
20-year collateral
common
months
1,993.248
1M7.
P
78|728
111,718
2%%>,
receivab!?—S
accountS, Cr$936,542; invenfixed
868)
9,ia,017'868)'
4
$11,250,000; reserve for if«fiSnp»lnterest rate approximately
miscellaneous, $649 714- reserve fir
servic1e» adjustments and
tingencies, $1,200 000* 4>iT
^ adjustments and con$17,OOOiOOO; $2 10-year nreferi»nJ2^1f«i ? Preferred stock (par $100),
stock
(par
225.904.~V.
$10),
$11 549
163/p
930-'
2730.
L!!f
18,956,555
16,427,361
$9,504,391 $73,355,939 $65
6,872,173
59 181 400
46
—
the
of
Commission
application With the
Issue Sold Privately—Hemp¬
$3,200,000
par
3% bonds due 1986.
Company will apply the proceeds
redemption of $3,453,000 first mortgage 4%%
bonds of 1998 at 103 on Jan. 1* See also V. 164, p. 1636.
for the
448 •>IB
802 587
$1,025,070
$1,236,678
608,924
817;429
yi^^resldents
$8,100,301
All
$9 657 351
^875
July
653
103
'
and
Interest,
Immediate payment of
ml'a\y t0 S,1CCeed °*
upon
Bleaknev
A. Skinner.
Gross
Net
railwayrailway
Net ry. oper.
From
Gross
Net
Net
Jan.
from
from
1946%
from railway—
Net,from railway
S40)' 511,181,480; common
d SUlplUS> $8'943.189; total, $69,-
?)
income__
$1,205,688
52,182
370,018
76,565
521,641
636,795
141,797
railway
railway
8,406,099
3,810,083
8,640,561
3,747,365
9,530,988
164, p.
income,
779,686
1,087,459
5,523,020
1,438,728
352,703
1212.
832,960
1944
"
126,583
from
Net
ry.
"
1943
5,303,975
Gross
i946
from
railway
Net from
railway
Net
ry.
opei*.
income
From Jan. 1—
Gross from
railway
railway—*....
Net ry. oper.
income—
—V. 164, p. 1212.
Net
from
$510 657
154 948
15o!543
5,277,384
2,589,580
3,004,514
1944
1943
$618,866
270,656
$701,342
342,265
$804,351
223,513
187,435
181,565
income-
26,975
oper.
Norfolk & Western Ry.
August—
Gross
w
53,885
£
' 90,288
5,260,287
$575,076
$761,620
15,574,655
208,674
1,085,097.
a,/.
113,504
~ 48,356
.
5,477,203
1,543,159
708,510
1,23^86
426,786- i-
499,407
Net
railway-^..
from railway
Net
ry.
oper.
Jan.
Net
ry.
income—
—V. 164, p.
1943
1944
1—
railway
railway-.*—
oper.
1945
$13,408,621 $11,136,434 $14,821,727 $12,767,159
5,294,551
3,722,412
5,857,946
7,221,374
3,244,860
1,937,251
2,076,081
2,279,144
from
from
Earnings—
1946
x
from
Net
1945
5,239,978
596,402
1943
1944
$634,452
132,424
32,997*
railwayrailway-—.
DATE
—V. 164, p. 1636.
Gross
-Earnings—
1945
$709,269
108,834
from
Net
$1,133,309
'
1—
ry. oper.
—V.
-Earnings-
1945
$918,406
-
EARNINGS FOR AUGUST AND YEAR TO
.
ry. oper. income.
From Jan. 1
$790,809
price,
redemption
presentation and surrender of .said-bonds.
Gross
1946
from
from
the full
together with interest to date of redemption, may be obtained At the
Manufacturers Trust Co., trustee,. 55 Broad St., New York, N. Y*
M. Hennessey
Mr
the: outstanding first mortgage 4 Vz%
bonds, series A, due
1998,. have been called for redemption on Jan. 1, next, at
of
1,
and
Net
August$1,413 787*
respect of ter¬
claims for rpim
?
t'Jf ,l2.0)'' ^^^^>232, ^tali?517-232: install¬
iMO-ifi?
l946-iQtv,7
2,208,051
Norfolk Southern Ry.
Gross
let
-V
Augustloans due
46,458,589
25,616,556
23,153,642
hill, Noyes & Co. have sold privately at
From
bank
32,353,822
2,632,228
164, p. 831.
1946—7 Mos—1945
13,868
New Orleans Texas &
Mexico Ry,
ment
6,130,677
effect' consolidation
with the Public Service
State of New York and proposes to file a similar
SEC soon.—See. V. 164, p. 1635.
.
-
$9,518,259 $73,467,657 $65,526,944
New Orleans &
Northeastern RR.
in
225 904
1 90,589,183 170,292,544
15,542,467 132,618,805 104,877,400
to
stock.—V.
$9,940,996
'o.cif/ *26,926,439, investments and other assets, $1 415 938*
lin nL «ftQeriefSei'Ve,10^ dePreciation and amortization of $19 017
$16,595,669; deferred
charges, $356,578; total, $69
24,305,372
2,325,858
operating income
.
JUNE 30, 1946
claims
$.
Securities and Exchange Commission ordered Sept. 25 that a
hearing be held Oct. 11 to consider the application of the corporation
for an order extending to Nov.
1, 1S47, the time within which the
company must dispose of its interest in Buffalo Niagara Electric Corp.
Niagara Hudson stated in its application that in order to comply
with
the Commission's order of
Oct.
4, 1945, directing disposition
within
one
year
of its holding in Buffalo Niagara Electric Corp.,
the company pronoses to consolidate Buffalo
Niagara Electric Corp.,
Central New York Power Corp. and New York Power & Light Corp.,
its directly owned
subsidiaries, into a single operating company.
Niagara Hudson has already filed an application for authorization
ago.-
559,074
818,672
six
receivable—customers,
$
Niagara Hudson Power Corp.—Asks Extension of Time
ft.,
cu.
production
year
I?f Neuedham' Mass., and Thomas
J4ass*' kavei been elected Vice Presidents
hhoiio ^
1945, of $U7,103 and $1,085,570,
respectively
$8,370,776;
1946—7 Mos.—1945
The
for
accounts.
e—customers,
3,942,049
1,830,125
735,417
3,906.477
August-
1946 and
receivab
war
Meets^Wo
9,155,314
$8,943,188
and
,CONSOLIDATED BALANCE
SHEET,
ASSETS
Cash, $14,295,324; notes
minated
20,453
94,554
3,946,420
1,718,173
624,195
24,334,120 190,923,663 170,485,043
28,748
334,480
192,499
21,162,282
taxes
income
Asso¬
increase
an
188,945
$2,161,427
419,305
ouiiJiLta
•HOTE—Depreciation
.
taxes
...
$9,744,994 $11,316,742
382,500
pfd. stock
lo-year preference
prior preferred stock
ended June
Operating
Mn?et°Piratlng income
income
$1,242,310
8,502,684
$2
Divs.
cumul.
$10'799'942
217,295
91,835
1946—Month—1945
27,439,867
45,250
Telegraph Co.—Earnings-
1946—Month—1945
Operating revenues.. $10,779,489
Operating expenses
9,565,474
Net
income
&
$516,319
208,653'//'
4Vz % Bonds to Be Redeemed—
800,000
—
surplus—*
Divs.
$2,161,428
"carry-back"
^Consolidated net income
Balance,
6,770,000
_•
laws
Telephone
uSlPpnHhiIeVe«UeS"-Uncollectible oper. rev.
I
—
resulting
$8,931,428
inc.,
on
for
New England
1943
$473,106
;
.
1330.
27,394,617
Aug. 20.—
Electric
This
of
3V° ,comPlate its recapitalization
f ain<? Saie
$22,500,000 of Series A
fund bonds and
Period End. July 31-
1,270,116
454,186
*19,345
rev.
Operating
per
0
Total
656,885
Operating revenues..
Operating expenses
■
mk
tiust
1944
3,208,059
'
revenues
Uncollectible
>-*
m* 9.04%
corresponding week
cu*
207,570
Association—Output—
New England
of
<838,138
*367,660
$
Time Extension—
The
6,985,160
profit
10.60%
or
1945
$45,917,077 $83,054,496
38,385,489
67,297,332
goods
expenses
in
27,
output
the
1946
customers
to
Cost of manufactured
Merchadising,
kwh.,
output
Sept.
i?i «?iCVnnoQ cu. ft.
of ..10'964'900
in,.>41,000
in
Supply Co. (& Subs.)—Earnings—
6 Months Ended June 30—
ended
electric
corresponding
Gas
National
week
reports
5,853.602
6,473,230;
464,976
;
.
2,632,610
income—
Net
New England Gas & Electric
For
arrange
1945
$352*795 .;
44,252
Period End. July 31—
Operating
.
mechanical
reasons
it is not always
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
to
5,671*472
<•160,039
*723,004
88,921.
railway
railway
—V.
possible
$899,957
175,901
55,435
New York Telephone Co.—Earnings
$1,001,450
$1.75
1943
$872,015
81,292'
*54,431
holders of record Oct. 5.
April 30 and 75 cents
on
ry.
129,650
of
1944
$340,911
115,082
48,000
,
from
*Deficit.—V. 164, p.
New Bedford Rayon
Co.—$1.75 Class A Dividend—
share
726,161
Earnings-
$725,824
107,872"
*3,270
1946
>,
from
from
358,765
163, p. 3141.
929,033
164, p. 1330.
from
Net
$1,489,865
$1,049,404
1,801,520
From Jan. 1—
$1,460,066
35,480
2,027,501
952,800
.1,174,100
-
Nfew York Susquehanna & Western RR.—Earnings—
1945
5,266,691
113,074
1945
1946
$748,191..
11,484
^133,578
railway-—
*Deficit.—V.
Gross
unconsolidated
Net
1,323,372
railway—
4,840,933
Net from railway**-—
*74.093
Net ry. oper. income— ' *1,009,276
$6,551,719
/
from
697,446
railway
railway--—
Net ry. oper. income
$1,643,3^7
(net)
deductions
1,837,951
853,374
„
.
retire¬
for
income
Federal
93,306
131,203
from
Net
Net
1943
$226,802
70,620
From Jan. 1—
Gross
Net
1946
Operating income
Other
1944
$247,327
oper.
from;
Gross
$6,910,068
expenses, provision
general taxes
ments-and
':v: 1945
1,400,326
331,569
•railway-
railway
from
Net
Co.—Earnings—
revenues
15,528,570
92,093
203,987
August—
.
.
-
$201,761
income
from
Gross
group
■,
v
1—
from
an
Com¬
of local, citizens,^purchased
control of Nebraska Power Co. in
December, 1944, - from the former
parent, American Power & Light Co., with the announced intention:
at that time of eventually
turning the company over to the District.
When the sale is completed, Nebraska will be the sole
state in
which
all
electric
power
properties
are
publicly owned.—V.
162,
p. 3196.
' /
a
.
New York Ontario & Western Ry.-
entered
18
Omaha
Inc.;
Committee,
. .
$186,501
52,914
117,903
railway
railway..-
Jan.
Net
made
The
.
,
1946
oper.
Net
and
to
ry.
From
for A pficc of $43,747,630, according to an Announce¬
by the District. The District will complete the purchase
from the Committee, as soon as a
30-day waiting period required
by law has passed.
ment
"
811,871 Crl,331,132Crl0,121,541
income
—V. 164, P. 1330.
Power
purchase
profits
—
from
Net
n
20,325,253
,
from
Net
$231,441
agreement to
excess
August—
J LIABILITIES—Accounts
*5,087,387
.-^Earnings—
Nebraska Power Co.—Sold to District4—
The
miscellaneous
payable
r—
August—
1946
advances
to .-"unconsolidated
subsidiaries,
$3,610,147;
investments, at Cost or below (net), $974,128; plant,
property
and
equipment (including intangibles)
(net),
$46,658,417;
patents and licenses, less amortization, $341,176; prepaid expenses,
deferred charges, etc., $985,991;
total, $131,120,651.
2,002,958
2,471,316
income
6,108,502
37,933,923
13,738,857
tDebit in 1946 includes carry-back adjustment of $682,400 in August,
and $11,112,400 in the first eight months.
^Deficit.—V. 164, p. 1212,
*Loss.—'V. 163, p. 229fi.
ASSET^cash, $18,862,233; tJ. B. i Govfernmeht securities, At cost,
$17,241,303; other marketable securities, at cost (at market quotations
$3,305,271), (net), $532,117; accounts aftd notes receivable (net), $12,266,143; notes receivable from employees, $32,899; inventories, $22,916,097; fund for deferred expenditures on expansion and development,
(United States Government securities, at cost), $10,000,000; invest*
23,407,636 •.51,672,780
1,232,280
1,155,462
27,262,743
30,192,065
163,832
•1,214
10,536
60,654
sales
..,
CONSOLIDATED
5,743,814
3,575,024
146,616
3,490,570
Net
60,000
Net profit
$9,365,081
621,106
$8,650,223
—
12,165,29$
11,242,341
1,329,561
Total income
Misc. deductions*—
Total fixed charges-—
$269,617
75,000
Miscellaneous
$78,910,059 $90,006,931
70,397,844 78,071,083
1,518,318
2,570,766
profit
Other income
4,234,679
1,508,939
4,778,941
income-
Net
$571,661
rentals
Water
Cost
Non-operating expenses, incl. taxes (except Fed. income and
surtax), insurance, general expense, reclamation assess¬
ments for interest and
maintenance, depl. and deprec.—
1945
1946
—
sold, taxes and other exps.
depletion and amortization
opef.
ry.
taxes
$0.27
Subs.)—Earnings—
<v
Other income
Gross
Sales
Cost of goods
Net
*
V'!" /r
Returns
.'
(&
'
fr^jy. opers.
total,
*and
30,1946—
Total
*
.'
»*•
Net-rev.
.
Co.—Earnings—
Interest
profit
-vii
>'.«*•**•'.''
:
^Includes Fed. income
Natomas
8 M0S.--IO45
1949
4
11.39M20
5,130,794"-'45,909,421 :09;S7r,9i6
dei>dsit^^344^SM!Wa^€jala^^^5^~i-i22.rtiK.ina.- ««noi«
cash
/
3 Months Ended June
59,163
660,100
1946—Mottth^lfi45
gr; ^ $$£±1 S&»3
31; 1946 '
276.—V. 164, p. 1211,
'
3,626
(including all Leased Lines)'
Period1"End1. Aug. 31—
LIABILITIES—Capital stock equity (5,456,100 shares of no parb
$82,168,244; accounts payable, $38,949; accrued taxes, $79,411; liquida¬
tion account—Tennessee Public Service
CO., $328,076; long-term debt
called for redemption, incl.
premium and interest (cash in special
deposits), $170,139; $6 preferred stock retirement account, incl. accu¬
mulated dividends (cash in special
deposits), $165,457; total, $62,959,-
of
capital
Sundry expenses
Inc. & exc. prof, taxesNet
1
$61,225,954;, cash, in banks^-on; der
securities,
Treasury bills, $499,613; dividends receivable—
ate companies^ $293,274; other current
assets,. $1,000; deferred :
(liquidation account—Memphis Power & Light Co.), $2,223;
$62,959,276.
15,278
60,590
71,218
23,527
debt
Prov. for
on
$592,613;
19,222
fund.
Loss
28,
for
New York Central RR.—Earnings—
6613,051
..
*68,734
BALANCE SHEET, MARCH
vestments—U. S.
104,859
...—
innnmp
income
Int. & expense on
'
I?
269,821.
$2,428,232
Operating profit
S 1
Other income
TYit.ol
Total
mouan
—-—-
I—
Gross profit
1
6,618,408
6,102,580
depleC, de*
amortization
for
prec.
,
Sept.
Association—Weekly Output^
Q^2mber«»?*VnllaKe fo'
1946, as 67,593,602, compared With 61,566.
The
2~e"300
$351,938
3,000
3,60,0
W3%i
ASSETS—Investment
mand,
2mo&aSre------■
$7,326,741 $16,057,705 $13,963,217
$8,530,812
excl.
Cost of goods sold,
;
34,337
"1,086
5,645
5^645
»
6,000.
...
•
>*«8MSVSOWX&
'
•'
'
.
Not income
Period End. June 30—
$150,043
.
15,257
Federal income tax.*.*
■"
ended
the week ended Sept. 29, 1945, an increase of 9.79%-.
'
comparable figure for the week ended sept, 21, 1946
69,753,011, an increase of 14.74% over the corresponding Week last
year.—V; 164, p,- 1635.
v-y :
665
$980,252
145,857
$293,144
L_
$595,624
464
318
income
excl.
peaejai taxes
Int.
week
*
Expenses,
other
Th0 Association reports
,.
the
majority owned
other income
Total
New England Power
1946—12 Mos.—1945
subsids.—
from
84,497,062 102,534,331 107,629,550
24,240,661
41,819,284
47,499,584
14,908,142
16,632,510
17,396,342
income__
99,923,389
44,096,069
15,337,150
1636.
501,260
North American
The
6,248,163 i
3,306,998
6,929,3494,062,047
5,957,960
3,640,029
2,045,265
2,251,162,
1,290",446
Securities
and
Co.—Hearings Postponed—
Exchange
11, trom Oct. 3, oral argument
on
Commission
the
first
has
two
nostponed
steos
-•-teotganizatiofi^of--;
This
set for
is
the
third
Sept. 19 but
such
was
in
the
to
Oc
plaii fo
vVv^''*"
postponement. Oral argument originally wa
put off until Sept. 26.—V. 164, p. 1636.
»
|
■:
,
Number 4531
It
rolume
THE CO
preferred^stock
■
y
orth Texas
fiod
$306,038
revs, deducts,—-■
'normal and surtax
fe'dl'txcess pre tax--,
ivings from tiling of
fconsol. tax returns—
ter.
Ed
jreciation
Cr36,000
Crl29,400
close of
on
289,200
$37,846
,i:
'7,248,
I Gross income-—'-—
it. on equip- notes, etc.
■
,
"$32,163
Net
5,934
$369,163
.101
249
2,859
•
$334,563
...
railway-—
railway—_
from
oper.
$38,827
—
-
■Northeastern Insurance
■ '•
'
Net
Net
1—
3,202
ry,
Operating
Operating
W. Babson has sold his stock interest "in this company to
Less, II, a meftiber of the New York City investment firm
Ellis & Co.
j At a meeting of' the board of directors on Sept. 23 Mr. Less was
lected Chairman of the board.
**•
[Mr Less, according to a letter sent stockholders'by Mr. Babson, paid
5 75 a share for the Htatter'e - stock.
'fhis holding is estimated to -have
weeded 40,006,'shares.. Purchase of the shares will make Mr. Less the
linant Stockholder, since he already owned a substantial number
Appropr.
Amort,
value
Net
gen. exp.
laintenance
retirements...
for
Prov.
$2,516,141
245,454
1,090,494
34,041.
41,768
117,739
•
—_
196,998
fed. inc. and exc. prof.
taxes
—_—-
$150,885
income—_
$168,535
Hirer income
314,010
$189,917
52,398
1,479,977
1,484,974
1,141,000
Federal
489,590
1,624,409
deductions
490,591
income
-46,93^.
'$417,958
—
$5,476,836
8,019
-V. 164, p. 11.
$5,484,855
2,234,898
$1,928,205
$1,055,735
1,569
$3,249,956
two
2t
1946
accruals
6,722,636
1,974,800
1,565,557
—
reserve
1945
7,017,380
741,650
893,583
2,776,000
be
546,995
railway—
railway——
let
ry. oper. income—
-V. 164, p. 1330.
79,407,497
$798,111
deductions
653,916
$2,664,603
stock
dividend
oper.
Operating revenues.^
Operating expenses
pperating taxes—
Net
Net
34,725,009
$6,093,973
•8,018
$6,085,955
4,902:967
700,395
The
20,037,575
$482,593
466,284
Chairman of
income
3946
from
railway
1944
$613,982
182,335
Mr.
from
103,520
124,906
was
3,091,787
4,280,325
3,934,521
4,148,017
-390,759
892,721
702,624
1,191,522
*815,422
railway
449,912
302,843
783,536
ry. oper. income—
^Deficit.
V. 164, p.
Ohio Associated
Telephone Co.
Pperating
pncollectible
oper.
Operating revenues.
pperating expenses
$105,488
$789,858
$739,402
126
128
978
901
$107,088
$105,360
$788,880
66,446
516,712
433,720
32,459
122,760
income
oper.
r-V» 164,
$149,408
1,831
p.
$6,455
revenues
jUncollectible
Operating;
1,045
110,883
the
oper.
—
rev.
$7,2.36,678
.
18,723
revenues-
$7,217,955
expenses—
5,162,413
taxes
1,051,994
announced
also
Netitperating income.$1,003,548
U?v income——.—
975,891
Other
and
income
Interest
1946—7 Mos.—1945
Prov.
7,892,415
General
Managei
-
of
and
for
reserve
the
Prov.
Percy
pRts, President, stated that sales and earnings for the
months of this year
gj^vertible
were
the best in the company's history.
Preferred Stock Recently Called for Re-
company in July, last, called for redemptton' oh AUg. 2,1946, all
outstanding 11,876 shares of 60-cent cumulative -convertible
http://fraser.stlouisfed.org/
,Akrf.-1,,,
Federal Reserve Bank of St. Louis
Lax
$1,743,535
20,803
It
common.
'
offer
and
is
12
pro--
and
Pantasote
for
various
&
Co.,
has
been
elected
»
1
Fed.
and
income
$748,684
debentures-_
taxes
43,555
oper.
-
Net
$627,345
70,476
$697,821
86,501
$581,588 *$1,063,371
5,167
174,029
10,363
m
!
164,
p.
••
"
236,000
281,000
crio¥,66o
Cr500,000
income
$340,421
*$118,443
from
fResulting
carryback
$747,763
provisions
year
hand
on
securities,
and
demand
deposits
$1,214,454;
(due within
,!
U. S. Govt, securities, at cost, $415,000; deposits in con¬
acquisition of aircraft, $475,000; property and equipment
for depreciation and amortization of $2,854,244),
equipment,
nection
(after
with
allowances
$338,461; prepaid
unamortized debt discount
total, $18,598,466.
$8,777,458; work orders in
deferred charges,
$363,622;
progress,
expenses
and
and
expense,
$290,353; other assets, $49,181;
LIABILITIES—Accounts
transportation
$2,283,385;
payable,
taxes,
employees'
withholding taxes, etc., $447,794;
accrued salaries and
wages,
$489,971;
accrued taxes, other than Federal income taxes,
$89,874;
other accrued liabilities, $587,037;
provisions for Federal
income taxes, $190,256; deposits on air-travel card accounts, $384,043;
unearned transportation revenue, $60,295;
deferred credits, $161,135;
15-year
Earnings—
Pennsylvania Power & Light Co.
12 Mos. End. Mar.
1946
31
operating revenues
Operating expenses
*>^3,264
taxes
taxes
revenues
1,728,675
Net
•
income
432,169
$15,202,353 $11,158,482
—
79,574
—
88,496
$15,281,927 $11,246,97a
——
———
9,484,772
————*-—*—
5,795,042
$5,797,155
Net. interest and other deductions—
.
3,580,000
plant acquis, adj—..—
Other income (net)—.
income
1,632,424
3,030,496
oL electric
oper.
1945
$51,934,181 $51,221,011
28,687,926 26,995,719
7,422,217
Total
Other
1
convertible
income debentures,
due Sept. 1, I960;
common stock (par value $1), $478,296; capital surplus,
earned surplus, $597,980; total, $18,598,466.—V. 164, p. 12.
3 V2 %
$10,000,000;
Amortization
$5,451,936
Definitive Debentures Ready—
fund debentures due Oct. i, 1965, are ready
exchange for temporary debentures at The Chas^
the City of New York, 11 Broad Street, New York,
N. Y„ and at The Pennsylvania Company for Insurance on Lives and
Granting Annuities, Philadelphia, Pa,—V. 164, p. 1088.
for
delivery
3 %
11,732,777
sinking
in
National Bank
of
$8,153,862
11,124,228
in banks,
at cost, $2,950,000; notes receivable
24,633
$6,756,681
Internal
from
934,230
917,854
$411,549
the
JUNE 30, 1946
-—
$1,183,366
of
Code.
lescence), $897,250; notes receivable (due after one y^ar from date),
$445,908; estimated claim for refund of prior years' Federal income
resulting from carryback provision of the Internal Revenue
Code, $500,000; special funds reserved for purchase of property and
Pennsylvania
"r, "
v-
"I1""
>*"? *'**•*-
Reading
August—
6 filed a
•
5,272
taxes,
Telegraph Co.—Earnings—
1636.
<
normal
Depreciation
registration statement with the SEC
for $75,000,000 of-'40-year debentures,
due 1986.
Underwriters, by
competitive bidding. Net proceeds will fee used to reimburse its treasury j for previous expenditures for extensions and improvements to its
plant and plants of subsidiaries. Remaining proceeds will be used to
repay outstanding advances from American Telephone & Telegraph
Co.,. parent, which are expected to nearly equal the amount
the
^proceeds from the sale of the debbnturas, the registration stated.—
V.
*$1,322,827
259,456
$516,449
65,139
date), $536,492; receivables (traffic balances, etc.),
$1,345,287; inventories of replacement parts and supplies, at average
cost'
or
reconditioned
value
(after
reserve
of
$116,510 for obso-*
Registers With SRC—
The company on Sept.
-1946—6 Mos.—1945
5,313
422,282
$918,996
income
thi#
$4,704,42*
4,137,080
<•$283,560
inc. tax cred.
Govt,
S.
one
42,825
637,868
operating
Net income
of
$7,926,481
9,249,308
*$126,629
ASSETS—Cash
U.
1946—Month—1945
1946—7 Mos.—1945
$2,848,379 $12,332,837 $88,372,424 $82,935,578
* 41,775
29,611
310,038
192,182
rev.
stock
Earnings—
>
163, p. 2997.
revenues-^-
capital
$2,772,757
2,256,308
BALANCE SHEET,
$444,915
207,826
the
of
1946—3 Mos.—1345
$4,816,736
5,100,296
156,931
Fed.
for
Revenue
$1,826,059
272,200
$1,764,338
411,034
64,420
540,200
10,187
—
all
purposes.
'expense———
•"Deficit.
$1,783,234
$892,037
that
and surtax
Net
30,'46 June 30,'45
-
""I
will
L.
corporation,
$902,224
notes
on
for
Uncollectible
.
expansion.
It
1636.
3
expense—-—
Definitive
a
% of a share
common
of debt discount
Amort,
Operating revenues.. $12,806,604 $12,303,226 $88,062,386 $82,743,396
8,282,395
73,344,501 55,262,669
11,301,702
Operating
expenses*.—19,326,865
taxes
7,961,204
585,912
2,837,465
Operating
750,000 shares remain in the treasury as
Astra
Textileather
p.
Oct.
on
commercial
and
fEst. Fed
of
$378,643
(net)
income
Operating
$5,938,737
5,739,631
shaies to 2,,750,000 from 500,000 (which are all out-
iThie held
,a<yitional
be
announced
income
Interest
(& Subs.)—Earnings—
Pacific Telephone ^
at a special meeting held on Sept. 30 voted a
V»+!on.e split in the common stock and an increase in the number
win
Total
Gross
Nu-Enamcl Corp.—Split-Up Voted—
nine
declared
Net
j?5 stockholders
>
will be
30, E. F. Taylor,
957.
p.
to
164,
Operating, incomes-
the
Net earnings
$6,422,962 .$48,622,543 $45,408,627
3,920,033
32,683,119
27,064,808
1,665,922
7,939,191
12,405,082
$8,000,233
loans
Other income-
promotions in the officers roster of
were
announced on Aug. 3C
by
Depreciation
$6,432,893 $48,727,806 $45,466,864
9,931
105,263
58,237
$839,007
789,319
of
no
and of C. C.
was Production
Period End. July 31—
standing)
authorized
Operations
Gain from operations before deprec.
—V.
Pperating
iTv- 164,
.
3 Mos. End. -—6 Mos. Ended
Earnings
1946—Month—1945
Operating
~
in
Federal
Period End. July 31—
Operating
,The
increase
current fiscal year on Oct.
Oxford Paper Co.
$117,344
77,270
1636.~
Ohio Bell Telephone Co.
first
an
board, said.
187,437
$7,454
share
Pantasote
-rr
Owens-Corning FiberHarold Boeschenstein,
viz:W.
P.
Zimmerman,
Vice-President
in
charge
of manufacturing
and
sales
since
the
Fiberglas corporation was formed on Nov. 1,
1938, has been named Executive Vice-President.
J. H. Thomas, General Sales Manager since 1942, has been named
Vice-President in charge of sales. Ben E. Boyd was promoted from
General
Factories Manager to the post
of Vice-President in charge
of manufacturing.
Other
major
officers
of
the
Fiberglas corporation
are
Games
Slayter,
Vice-President
and
Director
of
Research
and
Develop¬
ment; H. R. Winkle, Vice-President, Treasurer and Comptroller; G.
E.
Gregory,
Vice-President and Director
of Purchases,
and Carl
G. Staelin, Secretary.—V.
164, p. 832.
Gross
hf
approved
June 30,'46 June
Net income
share of
Greenfield, of Greenfield,
164, p. 1212.
$738,501
3,342
make
to
$2,828,400;
91,292
_
pperating taxes
Net
'
1946—7 Mos.—1945
$107,214
rev—
one
each
Period End. June 30-
Corp.
President
Earnings—
1946—Month—1945
revenues
for
common
Operating revenueOperating expenses-*.^—
appointment of L. W. Whitton
Campbell as General Works
Whitton
Manager and Mr. Campbell
Assistant General Works Manager.—V. 164, p. 560.
.glas
1330.
Period End. July 31—
Petersen
Three
187,663
pet from railway
pet
have
end of the
the
Manager of
Manager.
Mr.
254,728
26,731
its
for
common
Pennsylvania-Central Airlines Corp.
named.
Douglas, formerly General Manager of the Otis international
division, will continue in charge of the company's foreign operations.
Mi\ Wallace, Auditor since 1943, will have general responsibility for
all accounts and budgets.
$649,894
175,870
its
a
Mr.
From Jan. 1—
Gross
No underwriter
Petersen, President, has announced the election
Douglas and of Bruce H. Wallace as Vice-Presidents.
1943
$663,l£l
of
No changes in the management or policies of the company are con¬
templated. F. W. Carter, President for a number of years/ will remain
as
President and operating head.
However, G. L. Ohrstrom, H. T.
CaVaftaugh and Merrill Stubbs, partners of G. L. Ohrstrom & Co.,
have been elected to the board of directors.
Owens-Illinois Glass Co.—Changes in Officers of Af¬
filiate—
94,654
income
ry. oper.
.'costs.
L. A.
$4,326,820
4,007,271
$605,030
pet from railway
pet
1945
K.
tax
$5,279,037 $40,641,995 $35,733,380
3,461,520
30,644,740
23,057,485
1,203,304
5,481,497
8,349,075
4,407,439
of
domestic
With SEC—
Otis Elevator Co.—Four Officials Promoted—
Northwestern Pacific RR.—-EarningsAugust—
$2,081,003
The increase in capital is made to provide funds for. the acquisition
the controlling interest in the original Orange Crush Co., Inc., of
Chicago—V 163, p. 1434.
,1946—7 Mos.—1945
$4,515,758
shares
•
a large
of gas heaters for domestic and commercial uses and
recognized leader in the manufacture of fireplace fixtures and
equipment.
It recently added to its line an automatic stoker for
of
$5,284,851 $40,696,600 $35,776,729
5,814
54,605
43,349
$614,213
576,403
$0.52
manufacturer
..
shareholders
soon-after the
(Del.)—Weekly Output-
as
operating income
$0.98
This corporation, which has been in business since 1884, is
,
Orange Crush, Ltd. (Canada)- -Stock increased—
h-V. 164, p. 957 and 426.
Dross
.
$2,237,103
stock and surplus—^—
common
such construction
year, an increase of 31.8% .—V. 164, p. 1636.
rev.
$0.24
corporation has been purchased by G* L. Ohrstrom & Co., investment
bankers, and associates and that no public financing is contemplated.
ceeds will be used for partial payment of construction of new village for
employees of company and roads and utilities appurtenant thereto or
for partial payment of bank loans
incurred for purpose of paying
Northwestern Bell Telephone Co.—Earnings—
pncollectible
$0.50
•
it ' was
$2,508,503
427,500
427,500
requirements
par common stock to 500,000 shares from 250,000.
It is hoped that a dividend on the common stock
pperating revenues——
$690,758
Drl2,945
$3,318,519
'
'•
$;23;679,090'^32f635,107
:?.t5^506,285
14,756,692
14,397,146
Period End. July 31—^1946--Montli-^1945
$1,027,168
(The) Bay lie Cutlery Corp.—New Director-
$3,198,876
690,372
income
Balance for
Electric output of this company for the week ended Sept.
28, 1946,
Dtaled 50,012,000 kwh., as compared with
44.714,000 kwh. for the cor-
|esponding week last
$334,254
director. -V.
is
92,407,725
Northern States Power Co.
$517,156
share-
com.
applied
1,673,735
The company Sept. 27, filed a letter of notification with the SEC for
36;G00 shares :<$20 par) common.
Offering price, $20 a share.
Pro¬
101,866,605
98,067,996
88,920
surp.
to
corporate purposes.—V.
$1,476,442
9;660,726
45,892
913,514
$3,211,821
Net income
-
from
from
44*460
Peerless Mf&. Corp., Louisville, Ky.—Control-
1944
1943
1946 •
1945
ross from
railway— $11,237,207 $13,079,408 $13,437,505 $12,931,452
e$ frtolh railway!-—
"$r?6i;52I
'3,298,^84
4,250;M2
«Sl33i282
2,086,541
- 2,944,766
' 1,763,230
2,888,194
pet ry. oper. .incomeross
$779,678
23,604
that underwriters will offer publicly a maximum of 60,000:
of preferred and 250,000 shares of
common, of which 12,853
shares of preferred and 50,000 shares of common are to be
purchased
by the underwriters from the company and the balance (which are
part of the shares to be received under the exchange offer) are to too
purchased fVom selling stockholders.
Proceeds to the company will
$609,293
200,047
"
1,068,700
.
posed
$15,506,296 $15,844,703
—
Gross
180,104
274,438
inc.
per
shares
$2,421,845
Utility operating income^—$3,313,324
income (net)_
5,194
1,405,657
.
646,100
$1,073,060
163, p. 2898.
H.
$2,014,951
538,508
Prom Jan. 1—
568,800
$378,714
shares
and State taxes on income
Retirement
Ry.—Earnings-
-
334,500
„
sote Plastics will offer three shares of its
common, plus
of preferred, for each share of Textileather common.
2,697,772
12.
p.
Olokele Sugar Co., Ltd., Honolulu—Files
"
$1,958,534
110,155
company
Sept. 27, filed a registration statement with SEC
60,000 shares ($25 par) 4Va% cumulative preferred and 1,352,677
shates ($1 par) common.
Underwriting arrangements will be supplied
by amendment, but it is. contemplated that van Alstyne, Noel & Co.?
New York, may be one of the underwriters.
Company is making &A
exchange offer to stockholders of Textileather Corp., Toledo, O.; The
Pantasote Co., Passaic, N. J.; and Astra Realty Co., New York, for the
purpose of acquiring the controlling interests of the companies.
Panta¬
$5,119,617
$2,515,069
1,459,334
$2,625,232
697,026
taxes
,
Northern Pacific
August—
101,149
for
$5,118,048
449-
391
—i:
Federal
$2,400,985
1,038,289
114,325
184,534
428,119
$137,518
54,898
tax.
Pantasote Plastics Inc., Passaic, N. J.—Registers With
1,606,008
$2,514,619
$2,624,840
income-
—V. 164, p. 426.
Net
inc.
The
exc.
income
Preferred
lcome
$1,820,309
50,573
income..
_SEC—-
957,990
722,408
—
General
$998,158
"
•.14,474
$1,002,412
;
$540,760
net
Earns,
—V.
23,156
748,021
Maintenance
$570,039
21,381
$464 895
Gross income———
Fed.
for
Est.
Oklahoma Natural Gas Co.—Earnings-
Dec.
352,016
$925,333
on
pfd. stk, of
subsid. held by public
State
&
income
164,
$5,152,333
2,499,927
100,265
357,410
118,896
$1,791,189
29,120
14,654
Prov.
•
$1,929,347
29,187
1.230.454
1,230,454
DiVs.
23,145
taxes
oper.
Income
Operating
265,381
$987,938
income
from
1946—12 Mos.—1945
11,585
12 Months Ended July 31—
Operating revenues
—.
Operation
—
253,629
287,240
42,930
265,820
$911,179
oper..
Balance
Other
69,776
fr.
Deducts,
208,691
11,571
Net income
—V.
"
47,098
71,625
—
)ther taxes
131,685
income
Total
547,212
234,352
on
Total income deductions
1946—12 Mos.—1945
$602,507
$631,227
282,736
31,150
47,731
revenues
j>per„ adm. &
on
808,493
res.
than
Fed.
Gross
-Earnings—
me—3 Mos.—1945
Period Ended June 30—
-597,834
769,984
for
Other
share.—V; 162," p. 196.
Northeastern Water Co* (& Subsu¬
berating
the stock
of
132,621
°Fed~
inc.
Other
..
1,002,213
$8,847,803 $18,080,576 $17,818,489
2,941,277
6,203,524
5,867,256
603,508
1,152,304
1,135,593
816,793
1,629,787
1,625,462
590,352
—
taxes
profits
Guernsey Curran, Jr., a New York City insurance broker.
The capital of,sthe company consists of 300,000 shares of 5 par value
liquidating
for
Prov.
jfficial of the Imperial "Trust Co. of . Montreal, Canada, who was also
lamed Chairman of the executive committee; H. Carl Northrup, a
tustee of the Putnam County National Bank of Carmel, N. Y., and
a
—
investments-
income
President of Rockwood,Sprinkler CO.; H. Clyde Baldwin,
The indicated
178,258
52,734
179,366
$5,127,537
2,599,615
limited-term
(other
Prov.
wellesiey, Mass., of Babson's..Reports, and Carl M. Eldridge, Viceesident and Trust Officer of the National Rockland Bank of Boston,
in Carroll also ^resigned as Chairman of the board.
I Elected to thrboard to fill the vacancies were R. H. Webster, ah
$13.86
3,086,324
for retire,
electric
F
stock.
$9,032,566
income)
| The^three following directors resigned, viz.: W. J.1 Carroll, of Wor-
l; 1945, Was
31,424
-
1,074,428
858,168
-374,392
121,171
1946—6 Mos;—1945
expenses-
of
Taxes
:■
ammon
60,674
(estimated)
revenues-
Maintenance
L
D. H.
bster, Mass.,
repairs
$147,670
1212.
p.
Period End. June 30—
Conn.—New
iRoeCr
kiliam
—&—.
&
(
Net
1946—6 Mos.
$2,582,180
income)
81,617
_
,
1946—3 Mos.—1945
$2,602,018
1,319,234
—
\
629,137
201,109
44,469
income—
oper.
$141,172
75,889
26,457
11,183
,
Taxes
.,1943
Oklahoma Gas & Electric Co.—Earnings-
-
Hartford,
Co.,
revenues
$330,201
$366,303
$31,914
^
Operating
to- the
up
Depr., d
1944
$96,877
38,092
!
20,220
from railway
from railway—
—V. 164,
! Net income
LV. 164, p. 831,
stock
Operations
1945
$75,224
(
income—
Jan.
ry.
From
4,361
.
common
Ry^Earnings—
1946"*
from
Gross
$38,929
into
p. 316.
Oklahoma City-Ada-Atoka
August—
$328,628
;$361,914
$30,891
1,272
1,083
Aug. 2.—V. 163,
"
517,097
214,700 :
20,920
business
convertible
was
Maintenance
Gross
Co.
Period Ended June 30—
stock.
160,000
77,500
'J-'-i-'':"'.'. V,
•
Trust^^ pPaC,"C Pub"C
Chicago, -111.
The preferred
$3,652,760
.2,787,234
Net
(net)—-s-
income
'
17,700
•*-
Operating income-wi¬
ther
*
229,600
Crl3,900
227,592
25,900
$3,589,016
"2,741,301
27,200
revenues—,,
lerating
iiy,
*1946-^12 Mos.*-M945
'
$307,097
228,888
14,000
is
,
at $11 per share, plus acerueddivld
Payment was, made at the- Harris Trust
the Harris
share.
Mbtlth-*—1045
Snd^July 3
Y,
CIAL & FINANCIAL CHRONICLE
railway——
Net from railway—-^
Gross
from
Net ry.
Form
oper.
Jan.
Seashore
287,887
1944
431,566
income—
1943
$1,827,926
981,247
631,321
$1,516,767
$1,938,246
8,809,790
2,618,389
736,094
'9,002,493
3,042,776
l,446,©»xr
■
,699,080
,
1,035,838
717,632
1—
Gross from railway-.—
7,591,411
!Net';;ftom:'-raHwftyS;aSsU^ '**• 773,757
Net ry. oper. income—
*862,694
;
Lines—Earnings-
1945
1946
$1,577,752
558,547
""Deficit.—V.
164,
p.
1331.
•
8,435,311
2,226,035
378,136
-
•
1728
THE COMMERCIAL & FINANCIAL CHRONICLE
Pennsylvania RR.—Places Equipment Orders—
The
be
T®
Pittsburg Shawmut
company on Sept; 25 announced the placing of orders for 1,100
cars of the
most modern types for delivery early next year.
built
usually
make
of
large
Gross
high tensile steel, the cars will include 100 of an un¬
equipped with newly developed devices which will
pqpsible heavier and mere secure loading of
merchandise shipments.
These orders follow close
ordered earlier^''&;^,'v^^:'-;^
the
on
wide variety
a
railway
railway——^
Income..*
Net
from
of
from
railway.—
Net from railway...:
Net ry. oper, income.*.
cars
•Deficit.—V.
Gross
Net
from
railway
railway
from
1945
1940
l—
1946—Month—1945
tU. S. income and Can.
inc.
&
Other
Net
prof.
exc.
railway
rwy.
tax.
Net- income -J
,
423,488
41,667
,
of inc.
to " surplus—
*Deficit.
231,173
265,592
571,226
—
Snkg. Id. appro,
Balance
36,357
244,447
income.
$381,821
irom
tion
164, p.
:
1946
1945
1944
I
$497,352
$658,536
178,793
88,496
2,980,586
243,657
225,903
126,742
Operating revenues-—
..
Operation
140,444
5,037,809
1,604,948
1,033,627
4,868,308
1,488,212
a registration
statement with the SEC
par) common.
Underwriters, Brailsford &; Co.
Operating
Operating
(I
?
r'll '£
V
"
'A''
^
Jt
J
Prior
Porto
Philadelphia Co. (& Subs.)—Earnings—
.(Not
incl.
Pittsburgh
Rys.
and
of
Period End. June 30—
Operating
Operating
Approp.
retire,
depletion'
Amort,
of
other
street
and
—V.
reserves
3,982,901
3,976,436
642
1,416
leaseholds
(other
inc.
than
by
ity subsidiaries
Fed.
excess
131,021
7,780,271
1,764
345
1,468,449
inc.)
taxes
1,551,255
131,367
2,848,418
1,704,692
3,500,502
subsidiaries—
operating
1,842,200
Other
income
252,618
(net)—
Gross income
Total income deductions
Minority
inter,
Con.sol.
Divs.
net
on
in
302,083
J
663,108
4'«?2 458
872,458
870,756
income.;.
$4,453,037
1 709 884
1,709,884
other
$132,927
General
Net
bankers
are
issue.
This
is
by the
$2,386,527
$946,222
$7,815,073 $14,486,096
$405,337
$445,204
$2,645,812
$3,125,374
Total
expenses
303,585
317,859
2,089,675
2,260,745
$101,752
$127,345
$556,137
$864,629
$2,488,279
2,149,196
$1,073,568
287,552
revenue—
fact
revenue
net
Total
that
Operating
$339,083
'$786,016
$2,081,700
$5,241,428
deprec.
Deprec. adjustmentstlncludes payroll taxes
groups to bid for any new
securities
that the company
may put up for sale incident to such an
operation.
has 20,000 shares of 6%
preferred and 50,000 shares of
5W%
657,519
$78,448
4,627,653
419,062
464,061
3,611,677
6,144,096
12,210
3,037,969
1,398,637
5,567,495
•Includes
164, p. 2446.
U. S. Govt. inc. &
.v
4,308
exc.
1,556,987-
profits taxes
-V. 164, p. 1250.
*
Cr388,014
The
company Sept. 26 filed a letter of
notification with the SEC for
150,000 shares of class A common.
Offering price, $3 a share.
Pro¬
ceeds will be used for
purchase of land,
machinery, equipment, plant,
warehouses and for other
expenses.
No underwriter
1 784 028
i,7»4,uza
$5,492,834
—
$8,371,210 $15,350,726
6,289,510
10,109,298
income—
NOTE-—For
possible
named.
f.*;•
*
order.
•
'Yp;> "j'Y
" ' f :
(The) Provident Mutual Life Insurance
Co. of America
—New Business
Up 53.3%—
$7,510,630
cash—
mechanical reasons it is not always
to arrange companies in exact alphabetical
However* they ar^ always as near alphabetical
position
.
$5,258,169
capital stocks,
revenue.
fTaxes accrued
in¬
Company
value.—V.
opers
car
expenses
$11,911,888 $11,675,268 $82,076,403 $82,533,780
4,428,749
4,884,030
28,062,531
29,501,771
'
25,669
Crl59,658
2,076,609 Crl,143,181
4,444,829
5,382,902
39,551,499
35,332,199
626,113
621,712
4,570,691
4,356,896
revenues
forming
par
cars
Auxiliary Operations-
Refunding—
suggested
OPERATIONS
1946—7 Mos.—1945
Total
25,267
probably will replace its outstanding preferred
stocks
lower-cost
new
of
maintenance-
Conducting
1,029
Protecto Sales & Service,
Inc., Drexel Hill, Pa.—Files
With SEC—
$9,222,883 $10,355,937 $14,749,145 $17,141,974
3,899,090
inc.
company
a
preferred, both of $100
2,973,692
597,135
revenues
•Maintenance
$158,194
$113,745
1946—Month—1945
ir;
All
$157,164
$139,161
25,416
—
income
The
*
164, p. 427.
Total
31,212
38,270
$136,489
2,672
163, p. 3143.
with
$9,452,077 $10,677,695 $15,248,727
$17,803,787
229,194
321,759
499,582
661,814
revenue
327,541
•
31,618'vy*.
38,659
income
deductions
vestment
.
3,524,352
profits taxes
1,144,800
^
accruals
Potomac Electric Power Co.—See
690
$3,892,012
501,710
paid-
dividends
preference
Net
3,049,783
by
utility
Net
2,342
V
1,669,794
reserve
7,919,723
util¬
by utility subsidiaryState income taxes
Net
Gross
687,50 0
$4,579,512
687,500
Sleeping Car Opers.—
$554,189
361,920 </
income taxes
income—net
Income
—V.
of electric plant
acquisition adjustments
Fed.
Other
1946—12 Mos.—1945
.
Amort,
Taxes
subs,
$4,077,802
Period End. July 31—
Utility operating income
railway
Co.)
$31,176,092 $32,398,883 $59,756,057 $62,030,145
12,246,733
11,279,236
23,951,481
22,309,781
1,971,857
1,760,925
3,854,192
3,782,886
.
to
and
1946—6 Mos.—1945
revenues
expenses
Maintenance
subs,
Philadelphia
$4,856,223
61,27 4
REVENUES AND EXPENSES OF CAR AND AUXILIARY
^68,688
deductions
revenue
Rico
$413,536
$282,609
tax resulting from
$4,168,723
inc.
Federal
of
Balance
t.:
Co.—Earnings—
revenues
Retirement
>
<j
-v
$6,487,704
121,462
2,288,440
V
(The) Pullman Co.—Earnings—
Porto Rico Gas & Coke
payment of loans and
replace working capital expended in purchase of
building from RFC
and to complete construction of a
building.—V. 164, p. 1636.
2,286,786
•
4,915
Balance
12 Months Ended June 30—
to
191,959
.
"carry-over" of excess profits tax credit
pioceeds.
The registration showed that the
company changed
authorized capital from 4,000 shares ($100
par) common to 400,000
shares ($1 par).
Each share of $100 par common was changed into
100
shares of $1 par
common, which exchange was consummated Sept. 23.
company Sept. 27 filed a registration statement with the SEC
100,000 shares ($20 par) cumulative convertible preferred.
Under¬
$7,204,283
1.618,288
4,138,581
3,005,798
$4,856,223
Balance
The
for
$479,483
702
188,173
receive
writer, Van Alstyne, Noel & Co. and G. L. Ohrstrom &
Co., New York.
JPrice, $20 a share.
Proceeds will be Used for
3,416;i80
$602,411
Reduction
its
Pilaris Tire & Rubber Co.—Registers With SEC—
1,706,948
3,237.512
268,573
revenues—
oper.
and amort
Int.
Shillinglaw, Bolger & Co., Chicago.
Of the total, 100,000 shares
will be offered t6 the public and
10,000 to employees of the company.
Price to public, $6.50 a share.
Price to employees, $5,525 a share.
Shares are being sold by four stockholders of the
company who will
1088.
143,972
307,245
Other inc. deducts, (net)
Chicago—Registers With
and
$3,402,071
148,410
182,000
taxes—
taxes—
Other
Subs.)—Earnings
292,837
—
income
Federal
1,966,237
1,241,827
1,086,126
-
Depreciation
5,330,265
corpora¬
totaled 170,250,000 kwh., as
the corresponding week last y(ar.
1946,
1946—Month—1945
1946—12 Mos.—1945
$2,407,133
$2,298,590 $29,364,650 $27,782,217
1 om im
cm? RfiO
117(11617
imco J
952,869
11,701,637
1,003,701
10,762,929
146,448
2,098,090
177,774
1.771,919
Period End. July 31—
$608,087
184,444
CS
27 filed
($1
Sept. 28,
"
\
110,000 shares
operating companies served by this
Puget Sound Power & Light Co. (&
1943
-
63,926
Maintenance
Sept.
company
Engineering & Service Corp.—OutpuU
of the
week ended
the
for
compared with 178,110,000 kwh. for
a decrease of 4.4%.—V. 364, p. 1637.
1—
from
The
for
for adjustment of net
1943.—V.
101,154
Portis Style Industries, Inc.,
1,124,988
1,878,327
*$814,420
of $140,573
1945 *to
Jan.
railway..
Net from railway
Net ry. oper. income
—V. 164, p. 1331.
4,743,112
3,652,071
250,000
*479,836
334,583
$111,563
tlncludes credit accrual
operating loss carry-back
Public Utility
Electric output
Net
498,842
41,667
47,319
*52,301
$496,896
104,586
100,266
•
153,679
1,868,214
153,230
11,036
♦93,824
.
from
Gross
1946—8 Mos.—1945
Cr2,6l8
taxes
oper.
proveuients and other corporate purposes.—V. 164, p. 1125.
988,426
211,992
164, p. 1331.
from
From
$4,208,312 $31,571,236 $37,634,115
$4,884,348
865,979
*8,836
railway....
railway
Net ry. oper. income
Net
Pere Marquette Ry.—Earnings—
—.
$138,317
35,174.
21,831
,
Pittsburgh & West Virginia Ry.—Earnings—
railway—— 531.083,893 654,044,829 678,185,898 643,249,761
Net from railway
37,610,448 150,773,991 183,464,256 212,988,889
Net ry. oper. income:—
3,462,011
84,660,377
72,816,428 '96,263,623
—V. 164, p. 1330,
r
Period End. Aug. 31—
729,838
$104,574 ;
1,973
.♦9,736
*12,634
*24,248
123,980
August-*"
Gross
Gross from
Gross income
$70,554
parent also proposes to make a cash donation of $5,000,000 to
the surviving company. This will be applied in part to redemption of
bonds of Atlantic City
and Peoples, and..in part for additions, im.
The
1943
$7S,Q03,533 $78,136,421 $89,315,259 $88,413,643
9,904,471
16,208,086
26,708,439
36,889,110
5.483,721
8,494,108
10,205,533
18,940,176
—_
Net ry. oper. inc®me
From Jan.
1944
$71,080
11,089
*2,341
-
stockholders
Th»
1943
From Jan. 1—
EARNINGS FOR AUGUST AND YEAR TO DATE
August—
1944
1945
562,444
ry. oper.
Gross
completion of 500 other box
1946
from
Net
size
corporation either by sale, or distribution to its common
method will b° specified by amendment to the plan.
& Northern RR.- -Earnings—.
August-
box
aaew
Monday, October 7, 1945
possible.
as
...
"
4%
preferred!^
736,710
736,710
$6
cum.
preference--
300,000
$5
:
300,000
cum.
preference---
134,670
134,670
non-cumuistock
'790
395
1,297,662
1,297,662
cum.
Pfd.
5%
Common
—V.
164, p.
1,473,420
600,000
269,340
1,185
2,854,856
13.
M.
1,473,420
The
electric
output
ended Sept. 28,
10,528,000 kwh.,
—V. 164, p. 1636.
this
of
269,340
8.8%
or
Philco Corp.*—Now
Radio-phonograph
$2,250,000
which
in
Philco
is
the
world.
by
and
the
Ground
was
on
Sept.
plant
continuous
broken
was
started
television
longest
for
at
-3,114,388
Period End. July 31—
Operating
this
plant
Net
Inflowing V-J Day.
in
a
Pa.,
new
Philco radio,
radio-phonograph and television plant con¬
300,000 square feet of floor
space.
It is three stories
high and
adjoins the main Philco plants in
Philadelphia.
final
need
construction
for
for
operations
Philco
on
a
products
is
work
facilities
so
partial basis.—V.
&
Benjamin
With SEC—
\
The
company Sept.
14,164 shares ($5
scription
installation
great
164,
remains
to
be
immediately to
that
it
was
to
1088.
p.
to
,
23
Co.,
,
filed
a
held.
wishes to
norm.
exc.
♦Special
the
Net
begin
Other
Int.
Conn.—Files
of
notification
Stock
is
to
be
with
the
SEC
offered
for
sub¬
&
„vV.
the
p.
meeting to consider
be
held
on
Oct.
31,
1636.:|/A:'V;;,:v..^r
V~., Y.'lYw
Phillips, Chairman,
announced
the
hydrocarbon,
and
"Isooctane,"
which
is
now
available
for
tankcars.
shipment
of
been
available
hydrocarbon
in
of
time
chemically
pure
form
and
is
the
the
product
second
Earned
bons
are
past
15
and
examples
years
of
of
the- company's
many
continued
other
program
over
supplying chemically pure
hydrocarbons for
industries, laboratories and other
outlets
for
intermediates, the announcement
the
chemical
chemical
*Per
of
hydrocar¬
use
as
Pittsburg
&
August—:
:.«
from
railway-—
1946
Gitsss
Net
from
railway
ry. oper.
income
.
;
$210,663
57,903
37,723
Gross
from
Net
—V.
ry.
railway-railway-*.
oper.
164,
p.
income
1331,
209,719
119,739
22,126
32,388
25,060
982,223
236,575
181,315
1,040,861
230,819
166,492
Both
$136,760
•r
47,554
The
part
24,866
i
v? £55,550-
295,996
170,522
applicable to
*vrs;
to
proposed
of
the
1946—12 Mos —1945
$878,369 $10,681,007
$9,911,642
492,558
5,440,747
5.102 799
—
85,200
$176,091
28,475
103,370
$134,531
$1,569,087
$984,985
fr. net
$282,441
1946—Month—1945
oper.
deficit
ord.
—176,708
$20,976
$95,066
$169,383
688,416
7,325
20,516
:
$12,104
income
69,324
171,344
$48,348
3,110
$76,273
$45,238
$45,928
21,620
$483,046
17,670
$27,568
:
4,060
income
$8,044
6,266
earned
surplus
—V. 164, p. 1125.
3,660
,
$4,384
—
$24,308
$142,176
$519,033
35,987
30,350
340,870
$4,064,46lY$3,600,244
739,257
357,896
873,200
806 548
715,784
...
194,216
$52,755
$1,524,560
$1,213,899
*
Railway Express Agency, Inc. (& Subs.)—EarningsPeriod End. June 30—
Chgs.
for
1946—Month—1945
33,936,414
income-
490,688
37,003,761 206,849,441 227,338,372
388,844 :
3,015,249
2,443,930
•
34,427,102
24,016,213
37,392,605 209,864,690 229,782,302
21,502,356 150,244,334 130,323,561
comparable because
change in the par value
outstanding.—V. 164,
p.
1250.
Exchange
City Gas Co.
to
be
Service
filed
filed
Express
later
are
with
the
Corp's- holdings In common and
preferred stocks
City, and ,Peoples,
aggregating $4,067,000 of stated
will, be
value,
exchanged for 550,319 common1
shares, par $5, v of Atlantic
City, .the surviving company.'
funded
Other
•Rail
and
revs,
Operating
Interest
not
and
revs,
Total
$2.18 /
plan with the Securities
and
Peoples Gas Co. into Atlantic
Oth.
1946—6 Mos.—1945
transp——
669,797
Aug. 15.
—95,066
$8,412
—
18,150
$1,883,696
merger and allied transactions
for dissolution of
Public
515,226
—20,976
$338,518
Net income transf. to
569,548
stock
670,653
—8,412
income-
ord.
Deducts. fr.
$575,587
74,223
income
commun.
Gross
$53,247
101,103
revenues-
1946—7 Mos.—1945
$92,691
revs
expenses
$3,593,978
a
the
Radiomarine Corp. of America—Earnings—
$4,046,311
$2,094,108
common
filed
earned surplus
—V. 164, p. 958.
Deducts, fr. net income
Dr786.
$281,655
64,511
89,473
19,100
income
69,547
income transf. to
1,214,865
$0.21
of
Net
1,193,949
$108,571
55,816
inc.-
expenses—**
taxes
&
1,586,522
discount
debt
111,192
deductions
transp.
•Payments
6,568
8,706,607
revenue—
to
1,354,890
rail
8,209,307
9,783,077
on
-
and
other
107,688
636,978
658,413
101,305
7,108
14,420,563
50,384
90,561,772
49,077,561
,
carriers—express
privileges,
V.
164,
p. 596.
Railway & Light Securities Co.—Asset Value—
Based upon market quotations
reports net asset coverage of its
Per collateral trust 3V*%
Per 4% cum. conv.
Per common
as
of
Aug.
31,
1946,
outstanding securities
this
as
$2,,^'<vr
preferred share, $50 par
share_;
1.
—
company
follows:
bond-
-1
74.
—
.
Atlantic
parent
$68,393
Deducts,
Net
106,112
plan
on
1,027,400
$3,604,825
2,619,840
'
'
All Public Service
of
$2,596,437
50,950
$482,031
347,500
income
Ord. inc.—non-commun.
Hampshire—Earnings-
1946—Month—1945
$913,956
510,200
earnings for last year
1946, which included a
merge
$119,343
Net
Operating
wholly-owned subsidiaries.
Commission
The
are
84,765
81,998
122,809
9,600
Other
expense
426.
share
corporation
Commission
1943
i
1.080,721
<
1944
$141,769
19,150
.
From Jan. 1—
-Net.from
The
1345
$119,102
48,555
11,970
Period End. July 31—
Public Service Corp. of
New Jersey—Plans
Merger of
Two Subsidiaries—
Shawmut RR.- -Earnings—
80,525
long-term debt
p.
in
added.—V. 164, p. 832.
Net
1,192,742
$147,616
and number of
shares
the
use
(credits)
inc.
Net
of
in
75,984
$3,551,563
$3,306,258
—
financing
72,484
$2,593,720
$4,197,636
deductsincome—
common
new
9,111
$443,076
oper.
$2,030,133
inc—
income
oper.
$297,644
share
ord.
fr.
ord.
Total
and
Dr26,29(J
8,665
Net
2,561,267
1,483,155
income—
$50,788
■r
Total
$3,021,949
stock
Deducts,
105,731
require—
per
common
$3,627,547
Extraord.
.fY,
$7,381,288 $10,459,956
$12,392,087
16,272
new
$2,663,204
$5,867,526
Balance
extremely high purity developed by the
company this
April the company announced the
commercial
availability
grade normal "Heptane."
These
year.
La,»t
of pure
$452,187
$6,445,298
2,247,661
$313,916
52,625
Net income
Pfd. stk. div.
in
$59,443
ord.
Gross
$5,761,795
(net)—
taxes on
$2,671,442
Dr5,238
75,342
deductions—_—
Fed.
$459,704
Dr7,517
$3,653,837
JDr2,000
55,001
income
Non-recurring
and K. S. Adams,
President, on Sept. 20
development of another
chemically pure
"Isooctane" has long been
available as a com¬
product, generally used as the standard for
measuring octane
motor fuels.
However, this is the first
ratings
has
commercial
$61,443
$3,513,289
Gross income
Total
—
income
Operating income
Ordin.
35,825
deduc
inc.
$3,534,062
119,775
$4,315,211
1,293,262
revenues
Non-oper.
$2,573,129
98,313
$6,369,956
Operating expenses
Taxes, other than Fed.
income
proposed plan of recapitalization
instead of on Oct.
18, See details
7,692
$3,458,288
Public Service Co. of
New
a
$452,012
3,719
revs
commun.
5,668,414
Period End. Aug. 31—
oper.
$57,724
oper.
633,000
2,500,000
$4,279,385
income—
Net
$7,453,951
3,919,889
;
Extraord.'.inc, (chgs.)—
•!'
.
90,600
*
income
Operating
5,677,898
961,878
charges
other
634,694
deductions-
..
2,223,000
164,
Phillips Petroleum Co.—New
Development Announced
Frank
mercial
.
,
3,469,000
portion of premium
refunded in 1945.—V.
Price
special
drums
'
791,775
tax_
income
income
(net)
&
16,166,999
have
probably
164,
16,233,947
454,000
896,268
'
"
' Y-Y
Y.,r
$6,139,385
1,860,000
surtax
prof.
—
The
-
—
•For
Phillips-Jones Corp.—Meeting Date
Changed—
will
'
$8,251,027
opsr.
Net
$6,589,513 $10,369,355 $11,199,344
Y.
•'
oper.
Net
basis of one share
for each
not disclosed although it is
stated that
company
available 6,000 shares to take care of
options which it
proposes to give to management for
past services, the
options to run
over a period of
two years and six months
and provide that
the stock
may be purchased at $10 a share
within 18 months and
thereafter
wad before the
expiration of the option, at $15 a
share.
Proceeds
win be used for
exploitation of its business.
No underwriter named.
share
$6,139,385
gas,
'
:
letter
par) common.
stockholders on
present
Waterbury,
of
'
$1,086,706
.'' /
(
The
1946—12 Mos.—1945
done,
meet
decided
inc.
This
1946—7 Mos.—1945
$953,992
inc.—non-comm.
Total
Inc.—Earnings-
9,501,429
1946—Month—1945
31—
Total oper. revs—i-
-
income—
Federal
Federal
Gross
Phillips
for
and
increased production
Period End. July
Other
.
9,493.061,
income--
oper.
oper.
Total
This
While
RCA Communications, Inc.—Earnings-
company's agents
August than was
of
ago
tains
demand
the
end
.
dates
lines
year
that
the
$15,632,447 $16,090,942 $26,603,303
$27,366,343
-
water & ice
properties
for
periods prior to
of sale in 1945
the new
production
just
to
up
1946—'7 Mos.—1945
revenues
Oper. exp. & taxes (excl.
of Federal
income)—
Net
24
announces
insurance
Public Service Co. of
Indiana,
Philadelphia,
radio
President,
life
1945.
paid business for the year to
date stands at
$76,459,000.
total is 53.3%
ahead of the
corresponding volume for 1945.
average policy is nearly $6,500.—V.
164, p. 731.
Operating New Plant—
production
radio
featured
the
over
Linton,
more
New
790
and its subsidiaries for the
130,775,000 kwh., an increase
corresponding week of 1945.
company
amounted to
1946,
of
sold
sold in all of
Philadelphia. Electric Co.—Weekly
Output—
week
Albert
have
600,000
company
will
dispose
of
the
stock
of
the
surviving
As
of
the
same
date,-total net assets of the company
$11,217,520, of which 18%
.other, bonds.
14%
V. 164, p. 959,
*
in
(Continued
•ai^d. fS^% ^.in
on
page
-1762)
*
aggregated
in cash and U. S. Govt, bonds, 32%
preferred' stocks
was
»a
olume 164
THE
Numbef-4531
COMMERClAl^rFINAiiClAI^CHRdNlCtE
Stock Record «»sNewiYorfci Stock
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
LOW AND HIGH SALE JPR1CES
SMonday >:;•>
v
Sept, 30
$ per
share
t pet share
9per$hure
68%
^
•
.
Thursday
■
Ofct, £ "
Oct. 4
$per$hare
9
70
10
42
CLOSED
9%
10
42
14%
*47
69%. 70%-
*46%
"
9%
41%
42%
15%
15
"
*
51
27 %
I --""27%
-■10%' 11%
-
*47%
Lowest^::■'
per share
31%
32
97%
4. :
35%
.37/a
34%
••*56
41%
43
19
*
*90
19
19
159% 160%
2V
21%
*20
32%
32%
21
>32
39%
40»/a
*102% 103
'40%
>*102^103
37%
38%
37
29
28
.
28%
7%
7%
7
7
43%:' 44
*45
52
71
71
71
70
41
41
11%
11%30
72%
15%
72%
38%
40
1%
I"
84%
7%.
85%
193
195%
49
.
49 %
130 Va
19%
85%
.85%
128
.
130
51
6
94%
95
93
94
40
40
*39%
6%
*44%
*
-
98% 100
n
10%
11%
11%
26%:
*115
'
27%
107%
107 %
100
137
19%
22
♦101
102
20
15y8
2,000
5%
700
*15
v
19"%
16
300
20%
3,200
9,800
6%
5%
6%
106%
106%
500
22
22%
4,600
94
93%
93%
39%
39 y4
39 %
6%
6%
6%
39%
6%
39%
6%
44Va
44%
*44
9710%
*105ya
97%
io%
112
112
112
*108
11
11
11
11
11
26%
1,200
54%
6%
27*54
1,500
23
5%
94
"12W
320
20%
%;
106% 106%
22%
22%
51
97%
ioy8
98%
10%
12%
26%
27%
*114% 115%
19
12%
2'7%
US
115
5,400
2,200
51%
>
20%
6%
100
25%
95
10%
19.
27%
116
'
105%
24%
39*/*
112
10%
*11%
15%
20
300
49%
*93%
98%
10%
*105%
16
20%
195
48%
23
6%
51
10%
112
53
'6
194
22y*
40.
98
io%
♦105%
102
6
6%
108
*105%
20%
22%
53
:
40
14,300
5,400
128%
130
*101
52%
6%
6%
6%
105 » 105
6%
.
' 6%
16
22%.
10%
102
20%
21%
44%
22%
19%
22%
;
22% ;
16
6%
128%
20%
6%
*15
20%
45,800
133
105%
25% >28
*107% 110%
20%
52%
170
400
4,800
*131%
110
22%
:
3,100
.
7%
195%
50# >
50
*103
130
,800
67,600
84
20 Va
*101
2,000
2f100>
%
132
194
*104
22%
103
52%
6%
*101
103
44%;
83
200
1,700
72%
15
38%
7%
198. 196
50% ' 50%
110
25
25%
*107% 111
'>
20%
6%
>85%
€4%
v
21
22%
6%
157/a'157/a
19%
21%:
132
128
♦6%
6%
;
I
13,000
7%
%
%
1
*131% 1337*/a
7%
7%
*20
21
•21%
23
102
102
51
52%
103
38%
192% 195
49y* 50%
110
25%
26
*107
108
26
130
39%
1%
8,900
69%
72%
38%
*104
*106% 111%
"
15
.
700
1,900
42y«42y4
12
' 12%
30>- 30
16%
133
4,700
20'
52.
68%
*15%
7
*105% 110
25
:
*131%
133
•m.-
3%
29 y8
*46
39%
39
•
33.
1
T
,
50
70%
15%
15%
5%
31%
28
162
20
33
29
41%
12
12%
29%
30%
72% >72%
11%
29%
73
f,
*72%
/
15%
%
133
11%
29
'
5%
31%
r39% r 40y*
103^ #101"
37%
38
41%
41
40%
28%
-
38 y2
110.
94
161
-
"
29
*44%
10?*
x36%
'
94
7%:
50
69%.
51
28%
18%- 18%
7
♦43%
♦49
,10%
3%
96
28%
9%
is y8
*97
19%
32% 33
40 " ' 41
<
103
103
37
37%
38%
28%
'
32%
08
37a
4
35% >36
56% 51
>'
160
161%
20%
20%
>32
40"
4
57 Va
"
9%
•100
5%
32%
*98
43"-43%-
96
19
163
158
3%
*56
*44
98
10
*11%
800
:
47#,."
200
98%
10 y4
3,400
■
3,400
100
112
11%
2
800
2,900
1,500
•-
,
"300
26 y4
26%
7,100
*114%
115%
200
LOW AND HIGH SALE PRICES
Monday
Sept. 30
i per share
Saturday
Sept. 28 i#
f per share
25%
STOCK
CLOSED
.
Oct. 1
$ per share
26%
9 per share
25%
15%
25%
*99
16
^*15
>
26
12
12
37%
12%
12
113
14%
12%
115%
15
32%
33%
104 y4
104%
104 %
#16%
20%
16%
20%
20%
36%
37 >
49%
51
16%
*36
168
42
:
*36%
!
49%
117
174% 175%
14%
*179
33%
105
17»/4
20%
14%
105%
17
38
49%
49%
169
38%
20
36%
39
17
20
"
50%
33%
32%
30
30
30
167
25%
27
26%
31% Nov
4.4% Nov
68 y4
181
30
25
27%
»38
369
*166
41%#42%
.
*138% 140
58%
58%
172% 174%
168
77
157%
52%
53%
156
40%
,'134 >
71
37%
169
43%
33%
-45
37%
;46>
*44%
43% : 44
111
>111
42%
42
135%
38%
46
-■
*42%, 43%
111%
*110
•
53%
135*125%
7%
*62
38, ■
*45
42%
138
71
*62
38%
46%
*43% ^43%*109
111
,
37%
-
16%;
^15
--
55%
17%
45%
5% "
*55
>
>
.
57
-
>
16%16% :
>45% >
: "*15
/
*55:
57
16% .16%
15
-15-
—
118% 118%
-*132
134
'*5%;
122
134
134
120.
120
.*132% 140.:
..
Sep
8% Jan
0
43%
Jan
> Jant r
100%. Mar
5% Mar
7%
60%
Jan
29 Ya
71
38%
Jan
38%. Jan
24% Jan
109
July
38% July
57%
16%
15%
122.- 122.
*134% 440#
Dec
99%
12% Aug
4%
5%
*118
69%
116%
44%- 46-
16%r
Oct
Dec
121% Mar
26%
-
*42%>>43%;
*15
Dee
91%
161%
43% Mar
139%
>»##: 5% ,- .5% V#:>; 5y4
5%
::732%732%Vi.'V»92 v->.r33fv^#"-V>Y32^.;':32%
t :32%; 33. *
>11% :12.ll%
12.>";>> >, n%v ll% :
11%
12%
*51/4
90
Jan
65% Jan
145%
*109 >111
--57'
Jan
65:
75%
'
53
Dec
53% Nov
196% Not
*135" 140-
7%
Dec
151
52%.-.03%
.#
Dec
Dec
60
*117% 123
43
137
140
7%
Dec
29
78
16
16%
106% 106%
Aug
31
156% 156%
15%
16%
*104
106
71
»62"
38%
77
*117% 123
v
*125% 140
7%
7%
8
•63
52%
53
*117 y» 123.
15%
16%
105 y8 105y8
>133% 137
131 Vi 131%
7%
75%
77%
156% 157
Dec
164
41%
42
140
140
58% 58%
172% 174
V75%
75%
77ya
157
52%
.
.
76%
78y0
Dec
50% Nov
39%
■
75%
79y4
♦117% >120
14%
15%
102% 102%
41%42%
39 y4 Nov
142% May
34%
32%
75%'
156%
Jan
Jan
182
29%
78
Dec
24%
130%
13y4
33
75%
Nov
19%
121
170
42
w42 •
*138
140
58%
58%
172% 174%
41
106% 111
25
59
»
11%
37%
29%
146
59
12%
31%
26%
-42:.'
*13*
11%
37
305%
.
f Mar
11% Mar
26%
156
*166
38%
*166
*166
29y2
*25
50%
169%
20%
>
:
39%
*38-
*38
29
26
*153
12
17
'
15
Highest
9 per ehare
101
15
37%
?.3y8
104%
16%
21
38
48%
170% 172 t
39%
♦166
170
32
32%
105
21
26%
*99
117% 119%
105% 106%
14%
14%
al79
179
33%
34%
118
102% 105%
.14% >14%
*179 >183
32%
34%
183
25%
356
11%
37%
12y4
11%
37%
9 per share
15%
27
15%
25%
*153
12%
114
*179
25%
11%
37%
102% 103%
'
Year 1945
Lowest
I per ehare
Oct. 8
26
101-
*99
-15%
156
*153
37
25%
"
101
'•
25%
156
*153
26
Stnge for Previoua
Thursday
Wednesday
Oct. 2
101
*99
EXCHANGE
Tuesday
Migh
3,200
128
28
110
5%
97
*92-
19%
>
.
32%
-35% >36
*55%
98
*90
32
97
"97
3%
4
'35%.w 37"
' 57%
> - 42%
43 Vi
58
,
'
29>~
^io%/-10%
*100
5%
5%
32%
32 %
*95%
*48%^ 5r
:
'110
*100
<
97
51
*100
.Highest
Low
70%
14%
15:
37%# 37%-' V>""371£ " 39%"
■
.
9%
: 68%i'
.
Short*
43
14%
10%;
10%
•$ -36%
37%
'37%
37% '
*100«115"
x'*100
110
:5%;#5%
5%;
5%
9%
\43
ZlW 2Vb
'
10%4
10%
40%-70%
*ioo
120
-
9%
42%
15
14%
v:v' 27% ' "27%" -
*100-. 120
10.
"*42
15
51
Year 1940
the Week
•.
"
69%'
•100^420«no4^ 12^-
EXCHANGE
Stage for Previous
Sales for
Friday:
Oct. 3
'
STOCK
FOR EVERY LISTED ISSUE T
.
Wednesday
68%
Sept. 28
Tuesday
Oct. I
tperthare
Saturday
Exchange
Jan
23% Sep
.
6%
Jan
102% Mar
111
Mar
112
'
Dec
Nov
31% Deo
140
Dee
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, October 7,1945
NEW YORK STOCK RECOUP
LOW
Sept. 28
46%
STOCK
EXCHANGE
Oct. 1
t
I per share
f per share
HIGH
*105% 105%
22
20»/2 >
15%
21%
16
.^45%
21%
134% 135
48
t per share
v.;46%
48 %
: 106
106
22
15%
15%
15,
21%
21%
21%
*105
*21%
48
105
105
Shares
3,500
200
21%
700
-14%' 14%
201/4
21%
1,900
8,600
21
22
' 15%
22 %
-
133%
133
133
133
133
220
135
*134%
135
134
135
136
136
140
49
*45%
49
49
100
84%
106
STOCK
YORK
EXCHANGE
the Week
133
*45%
86%'
106
i per sharp
48%
•;
133
46%
85%
,
22
,
;
135
-
135
46%
Oct, 8
NEW
Bales for
Friday
Oct. 4
Thursday
■
*105
N
21%
*130-
16%
51%
34 ya
34 y8
34
108
16%
53
86%
16%
v
:
,%
103%
77
16
16%
53
52%
53%
34
34%
78%
37%.
37
38
414
115
115
104
*102
.
115
104
*102%
104%
16%
J
37%
*45%
88%
34%
34
,81
49
86%
106-
16%
\ 52
34
*45%
87%
106
'52
v
*78%
133
86%
106%
16%
52
■:
47%.
15%
22
;
$ per shore
106
*20%
20%
CLOSED
Get. 2
47%
106
,
'
$perthare
47
47
STOCKS
SALE PRICES
W*dnesday
Tuesday
Monday
Sept. 80
Saturday
AND
*76
78
37%
37%.
*115
117
'
104
104%
'
23%
23%
23%
59%
61%
60%
60%
59
*114y4
118%
*116%
118%
*26
30'-
,*•26
30
*116%
13%
*17%
.19%
*18%
*
20 %
20%
19%
19%
20
19
7%
.
-
47%.
14
7%
48
23%
,
24%
118%
30v
*26
14%
19%
14%
*18
24%
60%
14%
14
19%
20%
20 %
7%
7%
48%
48%
22%
*55
*112
113
106%
...14%
15
*16%
20
36
35
122
*112
112
17
*107
36%
36
25%
25%
100%
*iooy4
26 W
97
t
150
Feb
2iS
88% Sep
V
10
22
98 V4
150
8
98
Sep
31% Jan
35
26%
May
34
Sep 10
24% Sep 20
101
34%
-
20
107
26 y4
*100%
10
18% Sep
36%
25%
19
18% Sep
19%
109
36
Sep 23
Sep 25
15% Sep
20%
18%
109
112%
106%
16
*31%
*107
54%
*112
*105% 10S
••15%
24
54%
56
.
24
144
2
Sep 25
54
Sep
12
32% Sep
20
17
Sep 19
18% Sep 24
37% Sep
19
14
10
38
18
.Sep
Sep
22% Sep
42% Sep
101 : Sep
54% Sep
33
Sep
42% Sep
40% Sep
101
Sep
4% Sep
45% Sep
12
'4
10
11
24
4
19
24
,
•
18
*91
18 %
15%
34%
50
35% Jan
14
124
11%
120
80
26%
20
101
19
100
:
83
78%
24%
24%
5
23
Sept. 28
.
I
per share
Sept. SO
tper share
103%
Sales for
Oct. 4 *
NEW
the Week
32%
56
YORK
56
Callahan
7
Calumet & Hecla
23
13%
14
*117
122%
45
46
13%
13%
56%
56%
13
*53
55
• "
116%
118
Zinc-Lead
!i
No par
_
_2.
Cons
par
Southern Ry
Canadian Pacific Ry
.Cannon Mills
Co__
Capital
Administration class
$3 preferred A
Carolina, Clinch .As Ohio Ry
Carpenter
Carrier
Steel
Co
Corp
Preferred 4% series U
Carriers & General Corp;
Case
For footnotes
^50
;__i
Copper
5
Campbell W & C Fdy_
No par
Canada Dry Ginger Ale
Inc__1.66%
$4.25 preferred
No
Canada
*12%
*
2
STOCK
California .Packing
5% preferred
3%
6%
*22%
2
EXCHANGE ,1/
V
3%
;
,
Shares
32%
CLOSED
23 y4 Oct
STOCKS
• per share
STOCK
EXCHANGE
3
£
Sep 26
99% Jan
23%
Friday*
Oct. 3
I per share
Oct
Sep 10
Sep
4
Sep 24
16
Monday
Thursday
Sep 20
,5
'
Saturday
Sep
4
Sep 27
Aug 28
Sep 23
105
'5%
17%
23%
24
75% Jan
105% 105%
17
Sep
l4y« Sep i3
7
85
*102
24
100
7%
78%
•
18
104
14%
*80
t Sep
23% Sep 20
38
Sep ?5
*99% 101%
14%
**%
2
24
X101
40%
20%
106%
lOl
106
9
Jan
80
101% 101%
26%
19
25% Sep
82
27%
40
.
Sep
Sep
10% Sep
11%
27
26
22 y4
15%
123
19
104% Sep
23
15%
24
31 % Sep
104%
23
3
26% Sep
35
*103
10
108% Oct
27%
34
21
Sep
9
32% Sep
3
23 Vb Sep 24
109
27%
10
Jan
13 %
25%
49%
109
Sep
•
35%
25
,
17
72
95%
,
14.%
-3
25
(J
I)
Co
•Preferred ;
100
113% Feb
47
_„25
10%
par
A__l
48 yj
;ioo
116%
11
52
Jan
128%
56
Dec
Dec
Jan
20%
Dec
Jan
72
Nov
Jan
21
Dec
Mar
56
Oct
Jan
135
NOV
i_5
32
49
_£lo*
Iso
Mar
Dec
21
Jan
25
33% NOV
Volume 164
Number 4531
THJS ^COMMERCIAL & FINANCIAL CHRONICLE
(The) MiIter*W*fel C*,» Inc.—Purchases Hosiery Mills
I
The
$rp«,
vortm-ntsm,
flclU
C®,
SUud St latei-ft.
? Max t,
Of
k
«T
be
w;ll
Slot##
aiKi
i Cooper
nx
S
pair#
tUa«#e>
Three
operated
an
m
Miller
a
annual
rate
retaU
doUar
a
of
Wohl
Net
Miller
Monsanto Chemical
doz¬
The
War
n.*d«
»t«*me»it» ai.wh »
V. I§a. p. 3 5 J»,
the
to
Wells operation
Fr*akcl, and Nicholas
Cooper
Louis
by
or
man-
P.
Lahr.
<&
Railway
Transport
30--
as»4
(&
Co.
The
1946
1945
,,,„
f
$862,563
and
$1,227,950
.
....
,
320,629
,„.ir
fiiyi
Net in*®***
V. 163, #.
-
■
$963,450
.
■
...
:
of
$588,847
*
314#
i
....
The direefor* have toted
5
of
to eail for redemption on Nov. 15, next,
*,000 of the 125,000 outstanding
#fc*sefc.
pnetrntm approted by the Securities and Exchange
*&«?* #*$
$15450 jw*
f» »#****«*$
•
This mUh®.*w t®«..
fee
v
|h« <S»C as
deem
m
p.
made
»l
treasury
tmneej 9.000
mad
S t
tu
pr»i#rr*d
shone, $.iw» arrraed dividends.-—V.
a
isis
the
at
redemption
erty
trom
li-t
1945
1944
$2,562,182
$2,454,258
$2,501,223
321.653
629,557
406,569
122,977
„
268,308
N.
i
from
W*t
16,836,193
697J76
3,188,284
expected
be
to
both
,r•'
the
1,657,104
4,319,686-
20,024,502
Gross
Month
*547,7#*
6 Months Ended
$$15,746
$6,242,797
3,013,269
34,750
468.916
of
A corttA
i
plmm
144.801
738,701
953.543
696,357
F rdwtal
,
bat tawe
the
62,0491
568,135
'v
'
■*
,•1
1
$78,708
$1,428,263
|,
.
Is t,
on
22 6*1
22,902
273,570
276,215
,
debt
10*49
$43,838
$1,146,214
10.049
$138,$!$
M
Cr48,853
than
$682,908
taxes
before
on
taxes.
120,594
-•
V. 184 $
$1,025,620
173,811
$509,097
■
1945
1*46
Goes frt-sw
roiiast4».
•34.802
48,452
9,000
♦15,25#
♦15,953
33,962
.'-••v.: *5,695
fr«a
.;■ ? From
3*rs
O""o§» from
fnwt
$213,374
1—
■
*♦$ ry. »f»r
1,576.956
1,655.108
•14,525
460.456
204,105
*10436$
•270,490
168,388
•Defkn.- V, 144, p. im
»*4«
WW frwa
XH ry
mtmf
FrataJaa I
lw«
from
XH
17
-a-
1943
1944
Net
$319,226
$357,918
$305,074
139 *#6
...
120.917
176,032
156,003
32.291
102,523
railway.......
&p#t
K 4
1945
$344, Ml
48,559
•
—
railway,„,
2,27* 651
2.357.215
t«*»f.......
62411*
1,016.124
855,428
932,100
291,547
322,081
1945
from
Net ry.
oper.
18,735,094
1944
m
of St
.tlooal &hm •£#„
Lemts, Mo., Vice President of
Sent ctecWst
a
the Inter-
director.
v,.-.-:
,
f August-—O
109,671
119,373
from
I/-;';•*
1943
1944
1945
$8,955,095
$7,513,171
$6,108,188
798.851
4.044.394
2,305,043
1,678,703
2t»2 16'J
788,724
381,174
578,641
43.761017
61.736,417
54,934,733
49,516,511
raiiwav....
lirt ry. apwr.
,
,l; Front J-a« 1-C
frew»
om
from
K rt
„
16Mt ry. aper.
V.
-
144.
114.921
21.486.746
17,264,354
J.&2U00
5,052,467
4,478,134
«
rftiitai
»*-•&««.
13,072,429
•.
4,701,704
1,632,355
244,810
639,494
256,527
Tto
474,812
Total
twe«
firen
permission
fows?t $150,000 of 2% %
owspany
proceeds
appiy
by
the
A
Missouri
P.
first mortgage bonds due
to
plant
S.
716,825.
524,995
Calls
164,
Period tr.4ed
Tt>tal
rr*s_>
ihm
oih*$
*5
Use*
3,381.904
6.273,344
443,752
1,011,292
1,066,750
714 000
...
1,405,000
I.
603,000
1,285,500
It
1,248,240
594,400
1,871.500
1,226,500
$1,371,013
$2,167,063
$4,805,348
$5,388,220
18,502
140,090
26,824
^
is
Crl,613,900 Crl,247,000
15,
on
^
W.*n-operai;»x
*8,313
mraam,
'
i:"»
utilize
income
the
8%
similar
A
11.
Total
year.
proceeds
also
the 3 Vz %
bonds."
will
1932,
Nov.
said
$500
1,
—V.
the
sale
the
•
and due Dec.
Trust
at
102
Co.,
15,
trustee,
have
1969,
interest.
111
been
Westminster
Int.
for
Greet
inecsssw
$2,185,565
Tf-taf IhCisme #edwUu.M
#3at6$3
Net
tncesB*
$5,415,044
2,964,653
2,900,486
$1009.273
$1,359,491
$1,980,785
xm.tm
..
255,402
407,553
Pieremd
,
$4,945,438
$26,074
•
$2,514,558
510,803
*ResuiiUt« fr«w» raftmaelag to 1945 and from sale-of transportation,
will
be
made
upon
is
convertible
States
rev.,
pr ypertie* m
1^44 -V. 163, p.
314$.
oper.1 incone___,'
' income-_l,'
—V. 164, p. 829.
1
,
and
into
eight
shares
conversion
163,
;
>•
.
Telephone
&
of
class
shall
p.
sur¬
Telegraph
1946—Month—1945
$4,613,722
10,999
>
$4,602,723
3,802,142
456,469
be
January
i
•
i_r_
$344?, 112
247,597
$417,919"
i
•
1946—7 Mos.—1945
<*
293,657
$3,998,234
" 2,593,893
i
"
33,752
56,663
71,642
102,999
con v.
"
,
37,277',
51,625
-
63,832
63,832
31,916
$95,177
*$158,711
$65,628
'v:" /'
'
•'
"
.
1945
t
' fe
31,916:
*$50,523
1946;;
-''"U
.
1 to June 30
—-
June 30
April 1 to June 30 -----Net profit after % axes:
January
Co.—Eariii
3,185,279.
'•
$9,827,284 $11,503,806
5,101,345
6,127,890-
Net profit before taxes:
■
January
April 1
Profit
1
to
1 to June 30
to June 30
Current
1
to June 30
*On
$42,822
of
standing.
and
680,964
on
the
2,882,470
1,705,412
1,740,069;
1,032,522.1"
*$0.95
$0.50
——
:
—
/.
t®2.15
4,612,570
—
—————
capital as at June 30_:
basis
"
of
632,373
328,948
-•--•/
—
—
2,405,363
1,192,972
—
liabilities, June 30
Working
1
—
,-4:—
-
share of common stcck:
April 1 to June 30
Current assets, June 30
6,168,781
$3,040,023-'
T 2,132,798
per
January
$4,099,683 $30,817,939 $27,427,139
2,829,670
23,634,426
18,218,335
852,094
,
$70,295
^ / >.-/
,
,
April 1 to June 30
"without
-
$4,106,017 $30,887,582 $27,472,351
6,334
69,643
45,212
:
$190,960
,
163, p. 3289.
'
Sales;
2295.
.
10,264
;
National Container Corp.—^Earnings—
stock.
B
$60,031
13,359
.
:
.
$79,7#»
63,634
111,752
,
I—*.
•Loss.—V.
-
Net
$334,397; /
& deple.
profit
■'
■
re¬
v-■■:
July 31—
revenues—_
Operating revenues,Operating expenses
Operating taxes
Net
16,667
1
970,723;
$177,600
$63,096
$307,090
27,307
—
.
f
.'
-
1,074,175
,
Providence,
presentation
ings—
"j"
-
;
'x
-
$1,030,75$
$1,251,776
1,518,447
2,037,135
exp
cum.
;
';M
1946—3 Mos.—194$ - f. /
1946—6 Mos -r-1945 v $2,344,225
$1,581,544
.
5%
on
$1.03
Corp.-s-Earnings—
;
income
for depr.
,
ad-
inc., debentures
■•'•'L;
together with attached class A stock certificates.
in the indenture that such
Uncollectible oper,
$581,665
;
548,848
.
payment
•.
Operating
Prov.
class
will be made
St.,
5,611
$1,187,998
600.000
"
$1.98
'
Other-deduc., incl. idle
plant exp., lnt;, bond
discount amort.,
etc.
bonds,
called
Payment
selling,
income
26,246
39,905
.
'
..
Total
26,246
180,439
———4,866
—
shares outstanding
gen.
1,853,100
1,066,300
— --
-
profit
Oper.
^,
■
Net
adjustment for accumulated interest."—V.
Mountain
442,684
.
—
Period End. June 30
;
and
$2,200,985
$2,643,609
137.140
-———
—-
..4—
1|64, p. 1087.
Other misc.
-
capital¬
a
$9,845,490
7,644;505i:
$2,534,397
'/
' 68,546
income
minis. &
■
&*■
interest
Operating,
to .retire,
resulting in
intangibles
Net sales
and second
refunding
.
$1,922,074
National Fireproofing
extra
payments for the
from
Through
be retired,
*
next,
bonds,
bond
provided
7,413,422
Earnings per common share—_-,j
bonds and class B common stock.
Bonds—
Industrial
Period End.
t Operating
last
27,
Oct.
interest, outstanding first mortgage 5%
corporation
Immediate
Each
1.476,000
......
»
the
render of
any
706,000
7tH 000
731.000
„
at
R.
6,958,413
m
eduction
1946—12 Mos.—1945
$7,898,119 $15,038,084 $16,117,123
f*C
] incoBte ....
pree
A 6rp^5 ;a»
D
F»d.
$7 51147*
Oct.
record
of
outstanding second mortgage income convertible 8%
June
demption
Earnings—
3.2tif,419
523,007
linttURfr
t i»i.
1*46—6 Mos.—1945
3#-
■*p#raf«5*
O jeratmg
It
8%
All of the
dated
Mo$#ntaJbcIa R#wer C#. (A Subs.)
holders
on
will
convertible
the
$9,335,496
—
of
Miscellaneous
542,158
share
per
1945
1946
„
—
income
Minority
share, the same as In 1945.—V. 163, p. 1570.
*';
Sjt' f-'?
corporation
of
-
;
612,323
Amortization
and the usual quarterly
share have been declared on the common stock,
cents
50
to
made
ization consisting of
1976.
improvement.—V.
1334.
p.
31
102 and accrued
stock
{
-
Interest
.
The
km
?.#
'
revenues
''
1,917,429
770,136
2,036,348 /
Chemical
has operated at a
in every year.
Its
common stock $2.50
Other inoome
Privately—
Hemphill, Noyes & Co. announced Oct. 1 that they had
acted as agents in the private placement of $1,700,000
mortgage 3%% bonds due Aug. 1, 1969. The issue was
placed at par with certain institutions.
SI
at
T»
of
'.:••
mortgage
I Mihsnnri Rtobiic Service C#rp.—Issue Approved—
ۥ 'tnmiwuott
.v,;
company
Sales in 1945 exceeded $10,000,000.
expenses
Mount Hope Bridge Corp.—^Bonds Placed
mi.
p
payable Oct.
was
the
Corp.,
'
81,268
77,674
65,929
1,959,451
,
dividend
distribution
Sales
6 Mos. Ended June 30—
year 1946 will be $2.50 per
IS.mwl
fret#
oss
16-t
1*46
Alumlnate
National City Lines, Inc.—Earnings—
$286,084
90,488
of
.
The Aluminum Co. of American has been a substantial stockholder
the Inception of the - company and will retain over 80 % of; its
Net
both
Sept.
(-/Provision Tor Federal Income taxes
.
dividend of 50 cents per
u*mmw ros acoust and yeah to date
.
the
Common
A* lay
filed
was
reported to be in the neighborhood
holdings,
1943
$282,200
71,080
railway..
Net from railway
Net ry. oper. income
—V. 164, p. 1635.;.
extra
statement
covering the shares
27 with the SEC:
statement
registration
a
The
Income from operations
1945
selling
representing
since
1—
from
An
Mii$#ert«Kaitiftft*Tea.a$ RR.—New Director—
after
effective.
and
par.
;i/
36,661,522
$262,105'
95,250
incomes.
Jan.
From
Gross
4M
committee
a
and paid dividends on its common stock
/ capitalization consists
solelv "of 550.000 shares of
V. 144, p, 1^4,
•'4 Paul
future
near
Operating
railway..:
of
Chairman
Armour,
stock
Organized in 1928 to succeed to the business of the Chicago
-
$303,720
^ith
Chicago—Registers,
Corp.,
profit
(John) Morrell & Co,—^50-Cent Extra Dividend—
■
Watson
Co.*
40,973,588
274,720
opwr
2,071,094
2,162,258
Aluininate
announced Sept. 30 that the first public offering of
©f the corporation, a leading Chicago manufacturer of
chemicals used in the treatment of water, is expected to take placte' in
375,091,236 315,829,060
railway
♦476,845
1211.
164, p.
150,000, will be supplied by amendment.
1635.
-1946
from
144,220
:
27,143,349
28,395,580 27,431,597 ;
7,423,008 * 7,378,021 - 10,365,865
2,773,806
2,620,741 " 3,424^462
stockholders,
Montour RR.—Earnings—
Gross
61.291
from
m
/ 628,984
1
>
19,386,003
railway928,315
j^come.--
1943" t
$3,815,972
1,314,964
256,148
■
1944
$3,448,996
•
.';:/ The offering, which will be made by an underwriting group headed
by The First Boston Corp. and Lee Higginson Corp., will not constitute1
new
financing on the part of the company but will represent out¬
standing shares being
sold by certain stockholders
to establish' a
public market, Mr. Armour said. • Serving with him on the selling
stockholders' committee are Herbert A. Kern and Charles B. Fox.
;
81,015,626
23,212,082
1—
National
172,957,747 149,035,664
117,151,561 111,396,780
i—
August—
.Ry.^EarningSTrl;!]
1945
$3,225,694
,
761,801
171,513
1946
$2,383,224
; 22,738
• *164,293
railway-—
Operating
-
-Earnings—
AatttW—.
Groat
,
61,769,846
H—
Jan.
becomes
59,320,127
46,568,488
198,439,061 139,377,931
11,708,100
7,893,427
stock
pk
202,531
$906,785
pfd. stock
The number of shares to be sold,
375,091,236 315,829,060
164,
.878,536
$1,109,1316
202,506
railway,
from
trom.
the
5,217,147
$1.36
39,003,245
Total1
-
ross
:■ >
19,515
m.ea«»e-.
■"
—V»
..877,606;
$1,345,437
"
—
SEC-—
7,301,102
66,620,703
Inventories
Earned surplus
.
♦ Deficit.—V.
P
JULY 31
SHEET,
Reserves
1,456,477
74936
Ninsfsrl Illinslft RR.
®
1/
flS-v;
1.3WS.9TO
-
,
..
496,526
•
dividends and, surplus—, $1,142,930
*
' •
"
oper,-income
From
common
$4.57
BALANCE
securities.™
liabilities
Capital
469,533
802,018
043,452
629,430//856,801
-
•
—
-
railway
Net ry. oper,
7,801,102
1946
U. S.
■
■
r-.#..i*fcy
**.';«-* v
$164,878
from
Net
LIABILITIES—
$164,268
$8,146,494
3,795,940 -y 3,593,568
750,068
dividends;—
before
from
Gross
705,439 / J- ^ 705,439
w
assets
Current
$8,668,408
—«—
^
-
interest, &c
Net Ty,
'
-
5,217,147
Total
$146 214
HH ry. ape-t
K-t
;
Receivables, less reserves.:
1943
1944
$8,117,049
> -29,444
—666,665
August—,
- ,<
19,816,102
4,705,000
7,310,000
20,558,600
.ii
stock,
Prepaid expenses
& Arkansas Ry ^-Earnings—
AsgusS -
*4
■
24,558,600
4,000,000
decline
';;assets---"|%:
Fixed
4*4
|4
11
.
1945
41,390
Nashville Chattanooga & St. Louis
1,669,133
^
,
common
Merchandise
< # Balaawr
^
:
V. 164, p. 11.
1945
41,273,600
16,715,000
income.
on
income
COMPARATIVE
and
1946
,
earnirigsJ-.----.-..
J
.
$8,627,018
,
.
^
.
■
Net
1^38,969 '
properties^
Earned per common Rbare
Cash
;
:
729.
p.
costs
Balance for common
375,484,651 268,302,284
income taxes
of fixed
Net profit to surplus.
on Class
"A" stock
■:
and
policies
164,
Previously, a flat rate of 6% -was
a flat rate of
5% on certain
$1,500.
over
the
Dividends declared on cumul.
^_\418,397,220 289,78^519
.and /a
vv/M
selling, and general expenses,
Cr4,318
12.756
$53,888
$11* M.1
•
Cr4,277
363
*01
/
Nrl
CV356
0353
..■
of
r
gross
Balance
«#
O hrr Aed
D(S4
Total
Gross
1946
profits taxes
Dividends
the
on
excess
a
Taxes, other than Federal income..
Federal taxes on income
A
$905,952
of
company.
first $750 of
Depreciation
name
"5>-- 5:'iV *'*
mU
Dividends
A. fwrttt
Total
of
.
.
the
Monsanto/; under
Prov. for possible future inventory price
60,851
I1J1154
u»*
Oran
5%
most
loan procedures are being made
general reduction in policy loan
The new scale provides an
loan;' 4% on the next $750
policy
the
Maintenance
designed
is
This plant
market. V
fall.
export
by
Met operating
'
129.344
..
in
by
operating revenue—^
Operating
630,235
«.
t* ***
Excess
of
any
on
a
*
•' *-
\
-
July 31—
Federal and State
»«-
quisiusa
G i&erai
50%
charged
6 Mos. Ended June 30—
Gross
than
more
:
'Other 'income
■
President, yvho
borrowers the
simple
a
Narragansett Electric Co.—Earnings—
492,272
4 SO*
fa#
Profit
*6,056,124
2,342,424
Owratiag easwaww*
FO*.
|
I
1946—12 Mos.—1945 V
1945
1*7,347
...
*
Deprec. and amortiz.
42.166
remvae
and
marketed
is
.Net. sales
MMaaipwl Rower Cw,— Earnings—
t*m-
by
production
In
Canadian
*
: ■1
Cost of sales,
II—-
that
said
policies, .according to
*'•;
•
other-contracts.—V.
units.
Styrene
additional units
additional
I
,
plastic
all taxes other
<23 Feriad $M
Vice-President,
on
charged
r
,
proposed
rate
and 3%
"'p...829/ ,v:': ^
1111.
144
the
5,556,143
•733,550
•Dt!kk ~~¥,
interest
Montgomery^ Ward & Cft, Inc.—Earnings—
16,832.656
f»2fway.
Mil ry. •per.
::V
Williams,
thermoplastic
.JLustron.—V. 164,
Proffilan. I—.
Onus from
house
The
-
wwoma..„—
to
■.,<
-
recent announcement
rates
at Springfield
serve
246,865
tolitif
W* ry. •$**
used
be
styrene
are
to
1*46
railway......-»
.
Y.—Consolidatioh of
Douglas announced
Mr.
innovations
two
interest
output capacity which Monsanto has under con¬
already is in production.
The new facilities
at Springfield with those at Texas City will represent a major item
in the division's $14Vz million expansion program.
Canadian
plant facilities for production of
styrene plastic also
Mixtneapdli* St Rani & Saelt Ste. Marie RR.—Earns.
H Aufiwt—
freest
will
struction
.
O oss
\
time,
systematized.
These
synthetic rubber require¬
nation's
the
i(
Felix
the
price
and 162,
163, p. 2858,
needed to meet
styrene
polystyrene production will be transferred to the
by pipeline from the present government plant.
the company to re¬
of the 125,000 out¬
shares
stock
the
interest rate.
lower
same
following
coke-oven by-products.
for
funds
the proposal of
*****
%harts
$104-80
vfe?w*®ii
*"•#*.. 25
wtlh
standing
plan,
and
plastics expansion program, the company said, included enlargement
of
its Plastics Division
plant
facilities
at Springfield, '•
Mass., and installation of an additional polystyrene production plant
adjoining the Texas City plant. The company owns several buildings
and a large dock adjacent to the government plant site.
This prop¬
| Minnesota Rower & Ucht Co.—Partial Redemption—
slares
...
,
of this company of New York who find it necessary
their policies, can now apply for a sing.e "consolidated"
on
a
the
in
dr
The
/
wA
829.
p.
to help policyholders repay their loans on
Policyholders always have had the right to repay
company
ments.
;
.
164,
and convenient
systematic basis.
their loans in part
whole at any time, Mr. Douglas explained, but under the new
regular payments
to reduce indebtedness will be encouraged
At
plan
plant is situated on 30 acres of land on Galveston Bay and
employs about 500 persons.
Designed and constructed by Monsanto
in
1941
to produce
50,000 tons annually, it was the first styrene
plant to
go
into
operation
in the
government's synthetic rubber
production program.
During the war years it produced about 21%
$909,477
264,500
,—««««.
^
borrow
benefit of
The
46,913
———_
:
delivery.—V.
a
27
plans announced to policyholders by Lewis W. Douglas,
said that this arrangement,
in many cases,; will givej
ing compound used in home refrigerators, cosmetic containers, battery
cases,
plumbing fixtures, kitchen utensils, dishes and hundreds of
other applications.
Styrene is. a hydrocarbon made from petroleum
16,708,700
$1,162,260
65,689
rTt—
b«
Exchange on^gept.
policy loan secured by two or more Mutual Life
the
from
said the negotiations were part of a program to
its pblystyrene plastic production to a rate of more than
80 million pounds by
early 1947.
Polystyrene is a thermoplastic mold¬
15,673,642
kNetopetatiKf
—
purchase
$9,550,000
the
whrtime
synthetic rubber program.
The purchase was
contingent on approval by the Department of Justice and the Office
of Rubber Reserve.
/;;■;[ ■■
.V '
$16,835,903 $17,571,264
u*e«..
Ttotal
t-iAna*
the
government-owned-Texas City^ Texas,
built and operated for the government
a
expand
113 Month*'J-u»*
kmxu
of
-
El#* trie
Oi>eratm« »•*##*«'■♦■ra»iw*r and Iw*,
Tft.tal
Co.—Buys Styrene Plant—
announced
Administration
under
Sab.)—Earning*—
Ottraim*
has
company
Assets
styreno plant which Monsanto
—
Milwaakr#
shall
Stock
Policyholders
to
approxi-
of
York
r
Mutual Life Insurance Co. of N.
Policy Loans Now Permitted—
;
1635. -*.►.U;Ji:.".--,*
p.
■.
%«*
t»
ry.
—V. 164,
subsidi¬
300,000
over
volume
New
tificates
vc
;
railway—,^ 113,087,590' 153,672,072 155,318,392 147,234,876
railway____-__
22,436,907
62,520,279
66,016,409
67,872,552
oper. income___. 10,805,122
21,426,795
22,303,266
27,631,804
Net. from
Miller
of
;
oper.
Prom Jan. 1—
j
directed that deliveries
of cumulative preferred stock, 4% series, up to and including Oct.. J.0,
1946, may be made either with temporary certificates ,or with perinanent certificates;
that beginning Oct. 11, 1946, only permanent cer¬
The
1943
Gross -from
Hose,
Sisters,
Murray Corp. of America—Form of Certificate—r
^
1944
1945
:
railway^_^$15,757,935 $19,731,446 $20,615,697 $20,042,622
railway;.____ / 3,796,683 < 7,521,909
9,117,305
9,459,639
income..^
2,248,740
2,369,328
3,366,707 l k 2,655,534
from
Net; ry.
*-
i#»r*w»unf
«
4
a
chain
entire
of
■
veer
p-t
the
names
Costume
1946
■
-
Gross arom
which
Admiration
of
to
the
oi«H-r
$$.«** ##•.
vteiy
No
***waMe
*bh*>
k*%
Wohl,
name
w«u* *H«-h «ill be
:•? » prwttw.'.nf at
ary.
en
iive
l>>
August—
operates a chain
Mated mainly in the midwest and
output of the Cooper Wells mills, which
»*ttfw
ew
Wohl
-Wohl,
purchase of Cooper
plants In Decatur, Ala.,
with
Miller
»f
AftAiri
that
said
prtKiuce fctttWiy
Missouri Pacific RR.—Earnings—
the
announced
Net
r?#iw4ȴiS
*«**•.*«»
•oath,
j
&;*.»<*!a.a<*jr««
—-.—.
6,732,548
2,423,672
3,815,881-
$2,188,898
$2,916,666
shares outstanding. tAfter preferred dividends'
of 790,443 shares of common stock'out¬
basis
;/;•"'
v'"■
\
*i
»rt iv
r«YrT u 4"
4'ytf p. iy.-Vrf' V: V
* *v»
;.;.)!///A:
THE COMMERCIAL & FINANCIAL CHRONICLE
1726
National Power & Light
Under Way—
Unit Shipments
T
Period End. Mar. 31—
Income
nowun£er
^He
Co.—Earnings—
t
Kipnis, President, recently stated that shipments of kraft
board lor use in manufacturing corrugated
boxes^ weie
■wav
from the newly acquired subsidiary, Tomahawk Kraft Paper Co.
Samuel
from
majority
stated that one of two machines owned by Tomahawk
Kraft Paper had been converted to the manufacture of kraft board,
the second machine is still manufacturing specialty kraft papers.
>
TThe additional supplies of board from thei Tomahawk^mill will imme
diately be reflected in increased sales of corrupated boxes by
existing converting plants operated by the parent corporation
subsidiaries.—V. 163, p. 2859,
■
1
Other
further
owned
Other
Int.
the
$150,043
—
taxes
and
W 378
15,257
—.v.
:
890
$741,481
72,721
.-1,075'
;
348,292
183
319,559
3,010
V
;
4,977
34,337
5^645
26~300
-
~5~0<j<>
—
Period BJnd. Aug.
'
u*
Subs.)—Earnings—
1946—6 Mos.—1945
National Gypsum Co. (&
°&SniVXwaS'ces
•
mand,
$1,444,514
$4,441,079
Other income
881,540,
734,266
1,722,527
fund.; H.
Loss"
on
Sundl-y^exSenses
§fc&
Net
~5~9~163
660,100
1,073,500
$1,727 218
$0.58
$0.12
$0.93
prollt
Cross
Total
—;
rentals
*
Returns
$571,661
'73,000-
...
f,.-
J.
income
Pension
reserve
—
———
Divs.
on
on
class
earned
Amount
"
"
V
—4
stk. outstdg.—
_i——•
$231,441
The
-
Public
Omaha
District
Power
purchase
this
on
Sept.
from
company
the
Inc.j
for
Nebraska
control
of
of
that
the
When
all
3196.
p.
Power
group
a
in
Co.
sale
is
electric
properties
possible
order.
to
is
not
Other income
(net)-—
6 Months Ended June 30—
to
.selling
Merchadising,
Gross
profit
$847,764
$8,772,004
212,671
326,592
$1,060,436
i
—.
-
298,126
Prov.
for
of
reneg.
June
$8,931,428
320,000
6,770,000
the
$442,310
_
resulting
of Federal tax
$2,161,428
-
the
declared
Consolidated
net
income.—
;
ji,
income
Divs.
on
4'/2%
Divs.
on
$2
Divs.
on
cumul.
10-year
Balance,
pfd. stock
preference
preferred
prior
L
.—
—
trust
P
382,500
:
stock—
559,074
419,305
stock—
816,672
.
surplus
$9,940,996
$8,943,188
NOTE—Depreciation
and
amortization
charges for the six months
ended June 30, 1946 and 1945, of $717,103 and $1,085,570, respectively,
are included in the accounts.
p
.
,
ASSETS—Cash,
accounts
aainated
$340,274;
tories,
$14,295,324;
contracts
of
(after
(hot
week
for
doubtful
$834,196
$447,160;
notes
investments
reserve
receivable—customers, $1,413,787;
claims in respect of ter-
and
ior depreciation
and
$16,595,669; deferred charges, $356,578;
LIABILITIES—Accounts
etc., $2,474,003;
Federal,
profits
notes
and
the
foreign
Federal
and
taxes
bank
ft. :in
Securities
sinking
Operating
$1,049,404
$1,001,450
interest
01
loans,
dividend
year's
full
of
$1.75
fund
14,136,016 kw'n. This is an Increase
production of 12,780,740 kwh. for
above
is reported at 121,405,000 cu. ft.,
cu.
ft., or 9.04%
above production of
corresponding week a year ago.-
sale
bonds
and
Act
and
(after
$2,724,120),
shares
2 300,000
of common
'
'
31—
revenues—
,
stock.—V.
"
~
v
$9,518,259 $73,467,657 $65,526,944
$10,799,942
13,868
20,453
rev.
oper.
1946—7 Mos.—-1945
1946—Month—1945
.
111,718
78,728
$9,504,391 $73,355,939 $65,448,216
6,872,173
59,181,400
46,802,583
1 1,395,540 v 6,074,238
8,988,281?
$1,025,070
$1,236,678 1 $8,100,301
-817,429
5,285,212
608,924
;
Elects Two New Vice-Presidents and
$9,657,351'
5,875,653
Director-
a
G.
Bleakney of Needham, Mass., and Thomas M. Hennessey
Winchester, Mass., have been elected Vice Presidents. Mr. Bleakney
of
has
been
the
President of
the American Telephone & Telegraph Co., has been- elected a director
of the New England company to succeed the late Joseph A. Skinner."
—v.
164,
York
City,
Executive
1087.
p.
.
•
Vice
of
S.
U.
install¬
44,252
48,000
3,946,420
1,270,116
*19,345
454,186
1,718,173
624,195
bank
loans
due
1946-1957
(average
interest
rate
approximately
2Va%>,
$11,250,000;.- reserve for .insurance, service, adjustments and
miscellaneous, $649,714; reserve
for
postwar adjustments and
con¬
tingencies, $1,200,000; 4'/2%
cumulative preferred
stock (par $100),
$17,000,000; $2 10-year preference stock (par $40), $11,181,480; common
stock
(par $10), $11,549,280;
225,904.—V. 163, p. 2730.
earned
surplus,
$3,943,189;
total,
$69,-
;
3,942,049
1,830,125
'
735,41^^
164, p. 1330.
Co.—Earnings—
'
1946—7 Mos.—1945
-1945
1946—Month-
$
$
'
$»
•
V
:
24,334,120 190,923,663 170,485,043
28,748 ; ; 334,480
192,499*
revenues-
27,394,617
24,305,372
expenses_.-i
21,162,282
15,542,467 132,618,805 104,877.400
6,130,677
32,353,822
46,458,589
operating
1946
Gross
railway-
$790,809
$918,406
railway---.
income-!
256,057
370,018
52,182
76,565
5,523,020
1,438,728
352,703
832,960
from
Net
from
Net
ry.
oper.
From
Jan.
1943
Niagara Hudson Power Corp.—Asks
SECT soon.—See
,-
—.
Norfolk Southern Ry.
'
-
1998,
have
from
EARNINGS
from
Gross
Net
from
ry.
income—
Net
ry.
—V.
-
v
8,640.561
9,530,988
Gross
5,303,975
1,087,459
Net
from
Net
ry.
Ry.—Earnings—
1946
1945
1944
$618,866
$701,342
income.
1636.
,
'
Norfolk & Western
Net
from
Net ,ry.
railway
oper.
Income-—
From Jan. 1—
Gross
from
-V
•
150,543
:,
;
342,265
270,656
,
'223,513
.
.
...
501,260
187,435
181,565
5,957,960
3,640,029
1,290;446
;;.. 5,574,655 ;
1,085,097—1,237,986426,786
499,407
5,277,384
6,248,163
6,929,349
2,589,580
3,004,514
3,306,998
4,062,047
2,045,265
2,251,162
from
Net
ry.
164, p.
1212.
i
V
V.r.
'
1944
1945
1943
2,076,081
/
.
1,937,251
2,279,144
'
..
railway.
p.
income—
1636.
84,497,062 102,534,331 107,629,550
47,499,584
24,240,661
41,819,284
14,908,142
16,632,510 17,396,342
Securities
and
the
third
15,337,150
'
\
Exchange
such
.
44,096.069
'
•
"
Postponed—
Commission
has
-
f
*
f\
postponed, to Oct...
in the plan for
*1
..
set for Sept.
.
99,923,389
irom Oct. 3, oral argument oil the first two steps
reorganization of the company.
is
,
5,477^203
.
••
11,
This
\
' 1,543,159
' 708,510
5,260,287
North American Co.—Hearings
The
;■
railway..-—
railway——
oper. income—
Net
—V.
154,948
v;*:'
Ry.—Earnings-
3,244,860
income
railway—
oper.
164,
•
'
48,356
'•
1—
Jan.
from
113,504
'208,674
90,288
53,885
1946
oper.
ry.
—V.
>
railway.—
from
Net
$575,076
$761,020
132,424.
railway— $13,408,621 $11,136,434 $14,821,727 $12,767,159
5,857,946
7,221,374
5.294,551
3,722,412
from
Net
1943
$804,351
5,239,978
596,462
26,975
railwajL^,-
railway——
p.
$634,452
■■'A:
•
oper.
164,
1943
,i 1944
1945
1946 ;
$709,269
108,834
32,997
railway
from
from
mortgage
payment
AUGUST AND YEAR TO DATE
FOR
railway
oper.
3,747,365
779,686
$510,657
railway
first
called
been
Immediate
interest.
August—
From
August—
Issue Sold Privately—Hemp¬
4V2% bonds, series A, due
for- redemption on Jan.t 1, next, at
of" the-full redemption price,'
together with interest to date of redemption, may be obtained at the
Manufacturers Trust
Co., trustee, 55 Broad St., New York, N. Y„
upon presentation and surrender of said bonds..-;/ ?
"-A
outstanding
the
of
1,
and
103
Gross
Gross
—
.
4V2% Bonds to Be Redeemed—
July
3,810,083
New Orleans Texas & Mexico
*
hill, Noyes & Co. have sold privately at par $3,200,000
3% bonds due 1986. Company will apply the proceeds
foF the redemption of $3,453,000 first mortgage 4^%
bonds of 1998 at 103 on Jan. 1. See also V. 164, p. 1636. j
8,406,099
1212.
p.
104, p. 1635.
V.
August—
railwayrailway
oper. income-
Extension of Time
*
$1,205,688
636,795
141,797
521,641
16,427,361
arid Exchange Commission ordered Sept, 25 that a
11 10 cpjasider the application of the corporation
for an order extending W'Nov.
1, 1947, the time within which the
company must dispose of its interest in Buffalo Niagara Electric Corp.
Niagara Hudson stated in its application that in order to comply
with the Commission's, order of Oct. 4,
1945, directing dispositioit
within one
year
of its holding in Buffalo Niagara Electric Corp.,;
the company pronosos to consolidate Buffalo Niagara Electric Corp.,
Central New York Power Corp.- and New York Power & Li8ht Corp.,
its directly owned subsidiaries, into a single operating company.
Vv,. i
Niagara Hudson has already filed an application for authorization
to
effect
consolidation with the Public Service Commission of the
State of New York and proposes to file a similar application with the
126,583
$1,133,30.9
..
18,956,553
23,153,642
The • Securities
Net
1—
from
164,
1944
1945
25,616,556
i-
hearing be held Oct.
Gross
RR.—Earnings—
w
190,589,183 170,292,544
2,632,228
2,208,051
2,325,858
1,993,248
income
—
From Jan. 1—
New Orleans & Northeastern
3,906,477
——
.
ment
;94,556 !
91,835
3,208,059
27,439,867
45,250
income
Net
.
wages,
renegotiation
217,295
income.—
—V. 164, p. 831.
company's Director of Personnel Relations and Mr. Hen¬
Relations since October, 1945.
nessey its Director of Public
Charles P. Cooper of New
ry.
deducting
Net
All
Net
$517,232;
Net
?
"
Association—-Output—
-
income
—V.
reserve
$516,319
203,653
2,632,610
656,885
railway
oper.
Operating taxes
per
to
30
and
from
$500,000;
'
1943
19 44
$473,106
income—
railway.
Operating
27 week
the
operating income
Net
taxes,
M
115,082
$
New England Gas *and Electric Asso¬
Operating revenues— $10,779,489
Operating expenses—i.9,565,474
Operating taxes——
188,945
Gross
accrued
1945
$340,911
New York Telephone
New England Telephone & Telegraph Co.-—Earnings-
$1,415,938;
fixed
7.S::T% "A*
88.921
revenuesUncollectible oper.
rev.
Exchange Commission on Oct. 2 gave the com-;
complete Its recapitalization plan which calls
of $22,500,000 of series A 20-year collateral
and
Nov.
Issuance
receivable—misc.,
inven¬
$69,225,904.
income
on
Renegotiation
accrued
reim¬
amortization of $19,017,868),-
total,
on
for
Cr$936,542;
assets,
$3,961,005;
current installments
State
under
Treasury
payable,
claims
accounts
accounts,
other
and
cf
j.
^07,570x
Western RR.—Earnings—
1946
Period End. July 31—
.
year Ago.
a
Sept.
August—
$8,370,776;
including
sub-contractcrs),
reserve
$26,926,439;
assets
notes
receivable—customers,
war
bursement
for
"
CONSOLIDATED BALANCE SHEET, JUNE 30, 1946
.
27,
output of
10,064,000
164, p. 1635.
9,155,314
$9,744,994 $11,316,742
*367,660
29,799
■
10.60%
or
the
in
of
cu.
until
the
Robert
Total
,
838,136
464,976
-
$352,795
railway—— .;
oper.
from
$1,489,865
:
129,650
358,765'
Time Extension—
The
$2,161,427
8,502,684
•
160,039
■
railway-
from
ry.
payable Oct. 15 to holders of record Oct. 5.
ended Sept.
kwh.,
output
Net
$1,242,310
;
surplus
*723,004
164, p. 1330..
*Deficit.--V.
paid $1 on April 30 and 75 c,ents on Aug. 20.—^
electric
reports
increase
pany
800,000 '
—
—
ry.
Net
"carry-back"
from
laws
5,853,602
From Jan. 1—
$1,*460,066
35,480
$1,678,856
124,559
have
week
the
1,355,267
Net
Balance,
.'
504,894
the class A stock,
on
Uncollectible
>
from
Net
months
6
—
income
credit
provision
inc.,"
taxes on
for
profits
1945—
30,
Consolidated
Estimated
and foreign
State
Fed.,
for
and
ended
;
^
——
4^840,933
*74.093
>1,009,276
•
,
1-.
from
Net
5J391.654
$1,643,377
—————
directors
The
share
167,168.
$762,310
—
income
—
-
5,266,691
—
Period End. July
Consolidated
55,436
6,473,230
5,671,472
New York Susquehanna &
Gross
1945
taxes—————i
Last year* the company
V. 162, p. 1396.
$9,098,596
'
——
——-—-r——
deductions
Other
;
——
„——
income-
Operating
for
_—
income
Total
6,985,160
»
—
-
—-
income
111,341,000
6,683,823
expenses
175,901'
*54,431
*3,270"
*133.578 '
r»llway-i-railway—w—
Net- ry.• oper.
*Defioife^-i^
^ New Bedford Rayon Co.—$1.75 Class A Dividend—
of
;:
.
.
income
admin,
and
'
p.
Other
—
and purchased goods
-81,292
—V. 163. p. 3141.
1946
1945
$45,917,077 $83,054,496
38,385,489
67,297,332
'
customers
manufactured
of
107,872
1043 /
$899,951
1944-
$872,015
11,484
railway——
oppr; income^-i
Net " from
v
1945
$725,824
1946
$748,191
railway
Operating
Gas
Net sales
r \
,
From Jan. 1—
Gross
——————
income
ciation
(& Subs.)—Earnings—
1,801,520
72Q.161
•, 929,033. V
,
Gross; from.
$6,551,719
$6,910,068
-
Other deductions from income
Federal
an
Cost
Net xy.
the sole state in;v
owned.—V.
162,
1946
v
;
r-~-
—
income
the corresponding
National Supply Co.
be
from
from
Net
t
for retire-
geperal^ taHpsj*—
Operating" income
Net
2,027,501
952,800
1,174,100
August—
Net
and
ments
Net
1,837,951
853,374
1,323,372
93,306
131,203
New York Ontario & Western Ry.—Earnings—
publicly
,
operating revenues..*.—
operating expenses, provision
For
possible.
as
.railway—railway—
from
ry. oper.
Gross
Edison Light Co.—-Earnings—
12 Months Ended June 30—
Total
always
However, they
position
1,400,326
331,569
697,446
income—
1—
August—
companies in exact alphabetical
are always as near alphabetical
arrange
ry. oper.
1943 v
$226,802
1944
$247,327
70,620
113,074
1945
$201,761
.
New Bedford Gas &
Total
92,093
203,987
1946
income
V. 164, p. 1330.
18 entered into an
Omaha Electric Com¬
will
52,914
117,903
Gross .from
"of^Idcal*" citizens, ; purchased .- ;
1944, from the former-
are
August,
fDeficit.—V. 164, p. 1212,
$186,501/
railway.,—
Net
December,
Nebraska
completed,
power
.
15,528,57.0...
adjustment of $682,400 in
first eight months.
from,, railway—-
Net
Power & Light Co., with the' announced intention
time of eventually turning the company over to the District.
New England Gas & Electric
it
167,129
American
which
payable
reasons
1946 includes carry-back
From Jan.
a
parent,
■
20,325,253'
15,087,387
2,002,958
-
August—
/
by law has passed.
The Committee,* composed
S.
mechanical
AOTE—-For
30,192,065
811,871 Crl,331,132CrlO,121,541
——
Net
price of $43,747,630, according to an announce¬
ment made by the District. The District will complete the purchase
from the Committee,
as soon as
a
30-day waiting period required
mittee,
and accrued liabilities, $6,298,262;
payable to unconsolidated subsidiaries, $120,963; provision for taxes,
including Federal income and excess profits taxes, $10,368,679; divi¬
dend
payable Aug.
1, 1946 on
class B preferred stock, $116,193;
reserves:
(fire
insurance,
$4,797,284;
employer's liability, $426,664;
pension, $5,475,595; contingencies, $4f080,358; general inventory, $700,340), $15,480,240; preferred stock, class A, 7% cumulative, non-callable
($100 par), $24,367,600; preferred stock, class B, 6% cumulative, non.callable ($100 par), $10,327,700; common stock (par $10), $30,983,100;
capital
surplus,
$485,295;
earned
surplus,
$37,620,867;
reacquired
capital stock, at cost, Dr$5,048,248; total, $131,120,651.—V. 162, p. 989.
LIABILITIES—Accounts
51,672,780
1,155^462
23,407,636
165,832 : 1,232,280
3,575,024 -27,262,743
1
profits
excess'
Net
[
'•
2,471,316..
——
f
New York Connecting RR.-—Earnings—i
10,536
.
Government securities, at cost,
$17,241,303; other marketable securities, at cost (at market quotations
$3,305,271), (net), $532,117; accounts and notes receivable (net), $12,266,143; notes receivable, from employees, $32,899; inventories, $22,916,097; fund for deferred expenditures on> expansion and development,
(United States Government securities, at cost), $10,000,000; investments
in
and
advances' to
unconsolidatedv subsidiaries,
$3,610,147;
miscellaneous
investments1, -at cost or beloW (net), $974,128; plant,
property
and equipment
(including intangibles)
(net), $46,658,417}
patents and licenses, less amortization, $341,176; prepaid expenses,
deferred charges, etc., $985,991;
total, $131,120,651.
U.
$15,562,233;
ASSETS—Cash,
*1,214
Nebraska Power Co.—Sold to District—
$2,446,184
772,666
$0.79
1946
BALANCE SHEET, JUNE 30,
CONSOLIDATED
income
; 5,743,814
146,616
3,490,570
charges-—-
tDebit in
60,654
—
agreement to
If-X
;
12,165,295 • 37,933,923
11,242,341 13,738,857
* 4,234,875
1,508,939
6,108.502
—
fixed
and $11,112,400 ill the
60,000
60,654
•Loss.-—V. 163, p. 2296.
$3,475,845
797,275
232,386
$4,039,793
1,545,332
$1.30
stock—.——-—
common
on
earned per shr. on com.
Amount
income
deductions
Net
$398,563
at
Common dividends paid
Total
$269,617
$723,554
$324,984
Non-operating expenses, incl. taxes (except Fed. income and
surtax), insurance, general expense, reclamation assess¬
ments for interest and maintenance, depl. and deprec._^_
62,500
$5,069,455
797,275
232,386
class
Divs.
^- J
1,329,561
4,778,941
;
Net
Cost
$302,043
; 15,000
7,941
6,726
10,536
-
__—_____i.—:
Total.
$9,986,187
6,447,841
■/;,
•
income.—
——
——
A preferred stock
—
B preferred stock
,—...f.
net
Total
profits taxes———
and excess
income
Federal
''$(
11,391,420:;-'*t8,130,794 ^45,909,421 ••99,571,916'
income-
Misc.
Gross from
621,105
$8,650,223
3,580,768
t
opers.
income
Total
'
$9,365,081
—->—:——>
credits
Miscellaneous
2,570, <66
1,656,327
—
ry.
oper.
ry.
sand'
.Net profit
56,993.896
—-
income
Other
'
Net
Other
shares of no par),
accrued taxes, $79,411; liquida¬
dredging
Water sales
$0.27
70,397,844
1,518,318
and other exps
Depreciation, depletion and amortization
i
*«\ ?
total,
(5,456,100
3 Months Ended June 30,1946—
$1B^„59'»96^931
goods sold, taxes
Cost of
$2,223;
redemption,
Land
(& Subs.)—Earnings—
6MonthsEndedJnne36-
Co.),
$179,139;
Gold
3420.
National Lead Co.
31—
(
fr.
rev.
taxes
$519 559
Earns, per com. share...
Light
&
account—Tennessee
for
>
,
1946-^-Month—1943W>"
1946—8 Mos.—1945
•"
1 'l
V j
revenues-__, 59,499,703
81,386,862,402,326,902.431,711,92$
'
expenses_._>_
43,108,283> 43,256,068 356,417,481 352,140,010
1^
'
♦Includes Fed. income
665,100
$238 068
oper.
Net
-;
L
de¬
Natomas Co.—Earnings—
f.nZ
$1,053,258
tax"esl
...
oper
Ry.
Public Service Co.-, $328,076; long-term debt
incl.
premium
and interest
(cash in special
$6 preferred stock retirement account, incl. accu¬
mulated dividends (cash in special deposits), $165,457; total, $62,959,276.—V. 164, p. 1211.
31! 023
~85~l58
Power
Interest
profit
7—V. 163, p,
.
P,
M21
473,200
'
prof.
exc
tion
15,278
.
in; banks—on
cash
v
,
•
.>•
104,859
43,617
8,078 ' •;."
23,527
accts..
disposal
of
account—Memphis
deposits),
$1,399,424
138.405
6o,590
for'doubt.
Prov.
$3,067,898
$791,983
«
$1,867,256
income
companies,
called
$1'?qo
349,346
190,235
81,735
-
^
-
cash
LIABILITIES—Capital stock equity
$62,168,244; accounts payable, $38,949;
235
••;,..
$61,225,954;
'
1946
a
Ry.
^ $351,938 ?V $613,051
$68,734
A
Treasury
$62,959,276.
1,465,770
$1,546,692
320,574
r
Int. 4 expense on
f..
MARCH 31,
available, for
•Ry. tax accruals__„__\.
5,062,865 -; 2,800,142 v22,016,103
48,603,185
deposits, $344,595;: temporary cash in-,,
• • '-;• ?
bills, $499,613; dividends receivable—associ~ ,; Equip., and joint facile .'•v.v.cv'.vVX:#.,-f.-Ln7-'" '•
>
rents
—■£ 1,549,614
1,095,777 ^ 11,728,023. 13,03^,808
$293,274; other current assets; $1,000; deferred charges
S.
(liquidation
$2,674,959
Sell., admin. & gen. exp.
„—
ate
612,996
269,821
$2,428,232
profit
Total
10,775,262
11,616,626
5,612,406
6,102,580
securities,
special
$592,613;
vestments—U.
*&.** aZrtlia^a
Operating profit
ASSETS—Investment
l :
SrtiiattnrML:a--Gross
$183,871
BALANCE SHEET,
$7,326,741 $16,057,705 $13,063,217
$8,330,812
goods sold, excl.
Cost of
Net income
1946—3 Mos.—1945
Period End. June 30—
-•
1
Output—
hours
(Including all Leased Lines)
deductions
Federal income tax
kilowatt
of
number
28,
New York Central RR.—Earnings—
19,222
~3"600
reports
Sept.
,
$981,142
.
Association
week ended
1946, as 67,593,602, compared with 61,566,665 for the week ended Sept. 29, 1945, an increase of 9.79%.-■'
i
The comparable
figure for the week ended Sept. - 21, 1946 wa$
69,753,011, an increase of 14.74% over the corresponding week last
year.—V. 164, p. 1635.
'A// \ -V>/J,,v'v
$980,252
145,857
.
$150,507 7
/
89,238
taxes
taxes
$595,624
464.
$293,744
—
excl.
$150,043
143,701
j.
income
Total
Expenses,
New England Power Association—Weekly
The
•
-1945
'
Monday, October ,7* 1940
V
1946—12 Mos,
subsids.—
income
Federal
the
and
1946—3 Mos.—1945
Tj/5'At
r.?
•*/<
postponement. Oral, argument originally was
19 but was put off until Sept. 26,—V. 164,
p.1636.
.Volume 164
'North Texas Co. (&
Fed.
>'
and
$3,589,016
.228,886
2,741,301
25,000
,Z .14,000
229,600
i.
returns-
27,200
$3,652,760
2,787,234
.:
Operations
consol.
Crl3,900
Depreciation
Cr36,000
income-
income
(net)
'$37,846
"1,083
—
.
$30,891'
217,097
$361,914
'
.1,272
..
Gross
Int.
income———
equip,
on.
; "
$38,929
,„V.
notes, etc.
Net income
r-V. 164, p.
$31,014
has
Babson
$334,563
:
.
.$366,303,
4.361
.
Less,
II,
stock
member of the
a
^
-
,
a meeting of; the board of
elected Chairman of the board.
-
interest "in
this
'
v,
,
Operating
Operating
to
company
dominant stockholder,
...;.of shares.
'
'
York City investment firm
New
directors
Sept.
on
23
Mr.
Less
since
he
already
Shamed
the
board
trustee
of
to .fill
Imperial
Chairman
the
Net
11,183 77.
26,457 7
31,424
Other
858,168
-
"
1,074,428
374,392
121,171 7
owned
electric
National
Rockland
Bank of
Trust
the
of
Putnam
the
Co.
vacancies
of
executive
County
committee;
National
R.
H.
Canada,
H.
1,002,213
597,834
234,352
Bank
of
share.-r-V. 162,
a
Northeastern Water^Co, (&
Period Ended June 30—
>
a
and
—V.
prov.
for! retirements..^.,
Fed.
i
.
inc.
and
1,135,593
Earns,
1,629,787
1,625,462
—V.
11,571
11,585
23,145
23,156
748,021
1,479,977
1,484,974
1,141,000
489,590
1,624,409
957,990
.
$2,516,141
1,090,494
h
——!
•
■!■•-!!!!!-:,:
r
-income—, $2,624,840
722,408
$5,476,836
449
income.
164,
The
for
Operating
income
-47,731
41,768
196,998
184,534
8,019
$2,515,069
1,459,334
$2,625,232
697,026
$1,928,205
—
Retirement
$5,484,855
42,930
253,629
69,776
287,240
274,438
,$168,535
$570,039
of
2,697,772
:
21,381
428,119
$189,917
$998,158
52,398
200,047
538,508
i
V
Ry.—Earnings—
1946
from
railway—
income
on
^—
from
Net
from
Net
ry.
—V.
164,
40^,497
1
1,763,230"
railway
!
!$3,313,324
$3,211,821
'.^,888,1^4
income
653,916
stock
for
dividend
requirements
stock
common
and
427,500
$2,081,003
.
shares
($20
letter of notification
a
with
the
costs.
shareholders .have
approved an increase to
-^par common stock to 500,000 shares from 250,000.:
is
hoped that
after
soon
the
a
end
dividend
of the
The
increase in
the
the
on
common
current fiscal
I
L.
$5,284,851 $40,696,600 $35,776,729
5,814
54,605
43,349
$5,279,037 $40,641,995 $35,733,380
year
'
the ^authorized
700,395
1,203,304
5,481,497
stock
$482,593
$614,213
$4,515,758
$4,326,820
466,284
Net operating
income
576,403
4,407,439
—V.
4,007,271
;
will
,
!
from
Net
ry.
1945
-1944
railway.;
railway
$605,030
94,654
$663,181
income
26,731
3,091,787
4,280,325
*390,759
892,721
oper.
1943
175,870
182,335
254,728
.124,906
Net from
railway—
-
income.—
oper.
4,143,017
702,624
1,191,522
302,843
783,536
'
*815,422
449,912
Telephone Co.-—Earningsr
Period End. July 31—
Operating revenues
Uncollectible, oper. rev.-
1946—Month—1945
■j
$105,488
$789,858
126
128
978
$107,088
$105,360
66.446
901
$788,880
91,292
.
$739,402
r
516,712
8,342
32,459
Net
income
r-V, 164.
1,83.1
..
p.
1636.
J. ;;,.
J,
in
Uncollectible
110,883
.18,723
Operating revenues
Operating expenses
Operating, taxes
$7,217,955
77,270
Other
Net
Net
r;
—V.
.operating, income
income
164,
p.
—
"■
•'
•/
Nu-Enamei
The
1
'
11
-
1946—7 Mos.—1945
//:.
1
1
1
at
special
a
Prov.
The
to
11
L".
additional
held
be
for
Frank
shares
750,000
future
Pitts,
■
11
.
■
.
■
1
1
■
|
meeting
remain
stated
first nine months of this year were
4
held
-
on
demption
The company
its
in
the
treasury
-
.
11,876
"
voted
that
as
a
sales
and
was
promoted
Vice-President
in
for
the
the best in the company's history/;
Recently Called for Re¬
for redemntion
of
60-cent
.on
Aug. 2,
cumulative
;
1946, all
convertible
been
elected
a
of
the
capital
stock
of
this
income
debentures.i
taxes
,
oper.
rev.
"•
Net
Net
corporation
,
(after
$892,037
$1,743,535
20,803
$902,224
207,826
43,555
normal
_!
;
236,000
CrlOO.OOO
1
,
,
42,825
income
hand
on
for
and
$411,549
the
of
Internal,
,
.
SHEET, JUNE 30,1946
,
demand
depreciation
withholding
and
amortization
of
prepaid
$2,854,244),
expenses
discount
and
and
expense,
«
payable,v $2,283,385;
etc.,
taxes,
$447,794;
transportation
accrued
taxes,
salaries
and
transportation revenue, $60,295; deferred credits,
3% %
convertible
income
debentures,
due Sept.
15-year
$10,000,000;
540,200
Pennsylvania Power & Light Co.—Earnings—
■
,1
"
-
,
Total operating revenues—
Operating expenses
Other
taxes
—
taxes
/_!-•of electric
1946
1945
$51,934,181 $51,221,011
28,687,926
26,995,719
1,823,264
1,461,467
:——
—-
Depreciation
Amortization
$444,915
—-
—
plant acquis, adj
7,422,217
3,030,496
1,728,675
3,580,000
- 432,169
1,632,424
934,230
$748,684
$161,135;
1,
I960,
stock (par value $1), $478,296; capital surplus,
earned surplus, $597,980; total, $18,598,466.—V. 164, p. 12.
common
12 Mos. End. Mar. 31—
$1,764,338 *$1,826,059
411,034
• 422,282
'• 64,420
7: 24,633
*
revenues
income (net)_
Other
$15,202,353 $11,158,482
79,574
88,496
•
1946—7 Mos.—1945
8,282,395^.73,344,501
2,837,465
7,961,204
$918,990
637,868
$6,756,681
11,124,228
th£
debentures,
the
registration
9,484,772
5,795,042
$5,797,155
$5,451,936
Definitive Debentures Ready—
3%
Definitive
lor
in
delivery
National
19,326,865
N.
Bank
sinking
fund debentures due Oct. .1,
exchange
of
the
City
1965, are ready
temporary debentures at
of New York, 11 Broad Street,
for
The
Chas<>
New York,
Company for Insurance on Lives and
Philadelphia, Pa.—V. 164, p. 1088.
/.
Y., and at The Pennsylvania
Granting Annuities,
$1,183,366
->• 917,854
$15,281,927 $11,246,970
—
and other deductions
Net income
55,262,669
$8,153,862
11,732,777
for previous expenditures for extensions and improvements to its
plant and plants of subsidiaries. Remaining proceeds will be used to
repay outstanding advances
from American Telephone & Telegraph
Co.,. parent, which are expectgd to nearly equal the amount of the
of
income
Net .interest
*
ury
1636.
$747,763
provisions
,
allowances
unearned
*
company on Sept. 6 filed a registration statement with the SEC
$75,000,000 of 40-year debentures, due 1986.
Underwriters, by
competitive bidding. Net proceeds will .be used to reimburse its treas¬
p.
$340,421
carryback
.f
.
$489,971;
accrued taxes, other than Federal income taxes,
$89,874;
other accrued liabilities, $587,037;
provisions for Federal
income taxes, $190,256; deposits on air-travel card accounts, $384,043;
Pennsylvania
Registers With SEC—
164,
281,000
———<
Cr500,000
—
*$118,443
from
tResulting
LIABILITIES—Accounts
$2,848,379 $12,332,837 $88,372,424 $82,935,578
* 41,775
29,611
310,038
192,182
________
sale
5,272
10,363
inc. tax cred.
employees'
,,
585,912
the
174,029
'
$290,353; other assets, $49,181; total, $18,593,466."
$1,783,234
Co.—Earnings—
1946—Month—1945
taxes_„_„_
/proceeds from
$697,821
5,167
■
"
are
The
•—V.
$581,588 *$1*063,371
86,501
.
11,301,702
operating
$627,345
70,476
$8,777,458; work orders in progress, $338,461;
deferred charges,
$363,622; unamortized debt
3 Mos. End.-——-6 Mos. Ended ■ ■ •
June 30,'46 June 30,'46 June 30,'45
7 $378,643
expenses^!-.-
income
$4,764,425>
4,137,080
$516,449 *$1,322,827
65,139
259,456
,
*$126,629
/Z Net oper.
revenues..—
$7,926,481
,
wages,
272,200
;1,
„
$2,772,757
5,100,296^ ,2,256,30aHij 9,249,308
or
reconditioned
value
(after
reserve
of
$116,510 for obso¬
lescence), $897,250; notes receivable (due after one year from date),
$445,908;- estimated claim for refund of prior years' Federal income
taxes, resulting from carryback provision of the Internal Revenue
Code, $500,000; special funds reserved for purchase of property and
equipment, U. S. Govt, securities,' at cost, $415,000; deposits in con¬
nection with acquisition of aircraft, $475,000; property and equipment
from
Operating revenues™ $12,806,604 $12,303,226 $88,062,386 $82,743,396
:
..
;
-1946—6 Mos.—1945
,
cost-
charge
for
earnings
various
deposits in banks, $1,214,454;
U. S. Govt, securities, at cost, $2,950,000; notes receivable (due within
one
year from
date), $536,492;
receivables, (traffic balances, etc.),
$1,345,287; inventories of replacement parts and supplies, at average
'y /.v'
a
reserve
>;
shares
______
and
__.
Operating
Operating
•,?.
.
in July, last, called
outstanding
Fed.
Uncollectible
u
Sept. 30
has
Co.,
1946—3 Mos.—1945
—
ASSETS—Cash
(& Subs.) —Earnings—
—
Period End. July 31—
5,739,631
-v
Convertible Preferred Stock
fif
for
Operating
$5,938,737
7,892,415
for
directors.
!.$283.560
Code,
Gross
•
$8,000,233
!/■/■./■-■,- :/••.;: 'Z 'vM
.
expansion.. :;
President,
Boyd
of
Pacific Telephone & Telegraph
•/*';.■ /'.'•
"
V7' 7
10,187
Net earnings
^-V, 163, p. 2997.
four-to-one split in the common stock and an increase in the number
of
authorized shaies to 2,750,000
from .500,000 (whieh are all ouU-
Standing).
post
Fiberglas
(net)
notes
on
of
$4,816,736
BALANCE
..
Corp.—Split-Up Voted—
stockholders
the
operations before deprec.
74
7,939,191v 12,405,082
$839,007
789,319
'
*
1 \
'
»"■
-
Revenue
,
$1,003,548
975,891
—
957.
1
of
-7
income
Interest
I,C51,9Ml> 1,665,922
■fv
E.
Ben
the
TDepreciation
$6,422,962 $48,622,543 $45,408,627
3,920,033
32,683,119
27,064,808
c
•,5,162,413
—
will
discount
Fed.
for
♦Deficit.
/
-
V v-
Gain from
$6,432,893. $48,727,806 $45,466,864
9,931
105,263
58,237
$7,236,678
all
156,931
tax and surtax
Federal
1946—Month—1945
—
*
-
^ '^y,V
.
rev.
oper.
sales.
to
,,
; •
$117,344
Gross income
End. July 31
Operating revenues
of
Manager
,187.437
$149,408
are
to toe
are
company
Pantasote
expense
$2,828,400;
Ohio Bell Telephone Co.—Earnings
,\> Period
charge
Factories
manufacturing.
Other major officers
Oxford Paper Co.
433,720
122,760;/,'
$6,455
1,043 ~
$7,454
o^er)
L.
$738,501
"
&
Lax
that
3
board
Net .income—
N
'■■■v
Income
oper.
Percy
Games
Slayter,
Vice-President
and
Director
of
Research
and
Develop¬
ment; H. R. Winkle, Vice-President,
Treasurer and Comptroller; G.
E.
Gregory,
Vice-President
and
Director
of
Purchases,
and
Carl
G. Staelin, Secretary.—V. 164, p. 832.
1946—7 Mos.—1945
$107,214
Operating revenuesOperating expenses
Operating taxes—
Net
Vice-Presidents.-
of
also announced the
appointment of L. W. Whitton
of Operations and of C. C. Campbell as General Works
Mr. Whitton was Production Manager and Mr. Campbell
Assistant General Works Manager.r—V. 164, p; 660.
General
of
t
as
election
Petersen
Vice-President
♦Deficit.—V. 164, p. 1330,
Ohio-Associated
Wallace
the
promotions in the officers rc'ster .of Owens-Corning FiberCorp.
were
announced
on
Aug.
3C
by Harold Boeschenstein,
and General Managei
of the, corporation, viz:W.
P.
Zimmerman,
Vice-President
in
charge. of
manufacturing
and / sales- since the Fiberglas corporation; was; formed', (on Nov. 1,
1938, has
been named Executive - Vice-President.
J. H, Thomas, General Sales
Manager since 1942, has been named
187,663
3,984,521
the
to
Income
debt
fEst.: Fed
President
■
Net ry.
has" announced
of
and
^glas
From Jan. 1—-
Gross from railway.*—,
purchased
(which
>
■
Three
$649,894
103,520
12,853
be
the
to
and
to
60,000
balance
the exchange
Proceeds
Textileather
Oct.
on
expense
Amort,
filiate—
*
$613,982
to
164, p. 1636.
income
Interest
^wens-Illinois .Glass Co.—Changes in Officers of Af¬
~
1946
from
loans
are
the
and
12
pro¬
of
which
of
common,
common
under
,
v
August—
Net
Petersen,- President,
elected
Operating
Manager
was
164, p. 957 and 426.
Gross
received
mother income-—
declared
be
Manager.
Northwestern Pacific RR»— •Eamings-
f
A.
Mr.
as
income
of
maximum
Oct. 20, E. P. Taylor,
on
Mr. Douglas,
formerly General Manager of the Otis international
division, will continue in charge of the company's foreign operations.
Mr. Wallace, Auditor since
1943, will have general responsibility for
all accounts and budgets.
8,349,075
Net
shares
company
offer
is
It
common.
a
share
and
!$£••**>
no
capital-is .made to provide funds for.the acquisition
interest in the original Orange Crush Co., Inc., of
controlling
Douglas and of Bruce H.
23,057,485
taxes
publicly
a
will
common
.
been
Prov.
Operating
the
Astra
of
It
common.
Pantasote
Pennsylvania-Central Airlines Corp.—Earnings—
v
30,644,740
make
of
stockholders.
Operating revenue
Operating expenses,—™
Otis Elevator Co.—Four Officials Promoted—
3.461,520
to
250,000
be
selling
announced
was
have
Chicago.—V ,163, p. 1434,
1946—7 Mos.—1945
4,902967
shares to
from
offer
Greenfield, of Greenfield,
164, p. 1212.
Total
Chairman of the .board, said.
of
^Northwestern Bell Telephone .Co.—Earnings— !
8,018
the
share
plus %
common,
of
50,000 shares of
from
Period End. June 30—
The
$6,085,955
and
share
and commercial purposes.
' :
No changes in the management or
policies of the company are con¬
templated. *F. W. Carter, President for a number of years, will remain
as
President
and
operating head.
However, G. L. Ohrstrom, II. T.
Cavanaugh and Merrill Stubbs, partners of G. L. Ohrstrom & Co.,
No underwriter named,
iOrange* Crush, Ltd. (Canada)—Stock Increased—
rev.
each
will
its
Textileather
one
of gas heaters for domestic and commercial uses and
a
recognized leader in the manufacture of fireplace fixtures and
equipment.
It recently added to its line an automatic stoker for
SEC for
20,037,575
StatesPowerCo^<Del.)~^1^e^
oper.
SEC
1,352,677
manufacturer
par)
92,407,725
Operating revenuesOperating expenses-
for
and
of
for
domestic
34,725,009
Electric '.output of this company ? for the week ended Sept. 28,
1946,
totaled 50,012,000 kwh.. as compared with 44.714,000 kwh. for the cor¬
responding week last year, an increase of 11.8%.-^-V. 164, p. 1636.
Uncollectible
and
bankers, and associates and that no public financing is contemplated.
.This corporation, which has been in business since
1884, is a large
427,500
$2,237,103
_
surplus
14,397,146
: *6,093,973
with
statement
preferred
corporation has been purchased by G. L. Ohrstrom & Co., investment
$2,508,503
32,635,107
revenues—
preferred
preferred
shares of
share
common
underwriters
K.
R
//> 690,372
■!—*—.
such construction
{
Operating
cumulative
(The) Payne Cutlery Corp.—New Director—
$3,198,876
—:
23,679,090
PeriodEnd^ulySL-^***;. 1946—Month—'1945*
Registration
a
4Vi%
three
its .common
underwriters
applied
H.
7VV-^:7:77.- ;v7;!':S:;:-.77 .!7'<V'!-7
It
v
filed
Underwriting arrangements will be supplied
it is contemplated that Van Alstyne; Noel & Co.,
Drl2,945
98,067,996 101,866,605
9,660,726
_
$0.52
>
■
director.—V.
ceeds will be used for
1330.
p.
^NfUfthenr
2,776,000
1,673,735
"5,506,285 * 14,756,692
—
income.™
$0.98
par)
corporate purposes.—V.
,,
.
railway.—
oper,
of
the
be
common.
Offering price, $20 a share.
Pro¬
partial payment of construction of new village lor
employees of company and roads -and utilities appurtenant thereto or
for'partial payment of bank loans incurred for purpose of paying
1943
$11,237,207 $13,079,408 $13,437,505 $12,931,452
-3,298,484 •"4,250,142
5,133,282
income— &2.08G, 541^^2,944>766*
$0.24
88,920
$690,758
913,514
(net)___
The company Sept. 27 filed
36,800
;
$0.50
27
($25
for each
its
purchased
$1,476,442
1944
$1,027,168
V
common.
will offer
of
that
part of
1,565,557
Net income
-
1945
45,892
$334,254
$779,678
$1,073,060
44,460
;
•
is
'
V From Jan. 1—
Gross
893,583
1,974,800
deductions^™/!
Balance
V:; 2.761,521
.jNet from railway-™'/;.-Net" ry, oper.
1945
Olokele Sugar Co., Ltd., Honolulu—Files With SEC—
Northern /Pacific
Gross
-*$798>111
of
of
by
(
*
11.
August—
.
$137,518
Plastics
posed
—V. 164, p. 426.
,^417,958
$378,714
23,604
$517,156
-
surp.
Sept.
par)
shares
shares
$2,014,951
46,937
income
Net
—V. 164, p.
110,155
2898.
company
($1
shares
1946
:——
'
&;
..
Peerless Mfg. Corp., Louisville, Ky.—Control—
Gross
1,405,657
deductions
$540,760
,
share/
com.
preferred,
two
$2,421,845
$3,249,956
accruals-
reserve
to
60,000 shares
sote
$5,119,617
•■■■:
$609,293
,314,010
-tGrose income
Income
1,068,700
568,800
amendment, but
York, may be one of the underwriters.
Company is making an
offer to stockholders of Textileather Corp., Toledo, O.; The
Pantasote Co., Passaic, N. J.; and Astra Realty Co., New York, for the
purpose of acquiring the controlling interests of the companies.
Panta¬
180,104
71,625
-
income
Preferred
V: v
646,100
334,500
c
exchange
$5,118,048
1,569
2,234,898
$1,055,735
Utility operating income
Other
$150,885
—-
$1,958,534
54,898
,
New
$15,506,296 $15,844,703
:
7,017,380
6,722,636
741,650
546,995
——
Federal and State taxes
'
$464 895
-pther.income
50,573
tax.
by
12.
p.
per
shares
1,606,008
490,591
$2,514,619
income.—
Income
1.
29,120
$1,820,309
101,149
'
Pantasote Plastics Inc., Passaic, N. J.—Registers With
114,325
1,038,289
47,098.
taxes
income-
inc.
inc.
163, p.
shares
$2,400,985
117,739
>
14,474
$1,002,412
.
SEC—
exc.
taxes—i—
General taxes
34,041
-
$1,929,347
29,187
;•
net
1,152,304
.Maintenance
245,454
prof.
exc.
taxes.
-
Other
,,
$1,791,189
pfd.
stk.
of
held by public
on
Est.
Oklahoma Natural Gas Co.—EarningSr—
1946—12 Mos.—1945
$602,507
Fed.
lor
603,508
12 Months Ended July 31-^-Operating -revenues —!—
Operation
31,159
Maintenance
:
from
State
&
Federal
Net income
Subs.)—Earnings—
1946—3 Mos.—1945
$987,938
$925,333
Balance
on
Total income deductions
p, 196.
Operating revenues——>*.'4631,227
Oper., adm. & gen. exp.
282,736
265,381
$911,179
14,654
income
subsid.
.
31/1945, was $13.86
265,820
oper.
Deducts,
Divs,
769,984
than
Fed.
oper.
Other
Guternsey Curran, Jr., p. New York City insurance broker.The capital of the company consists of 300,000 shares of 5 par value
common
stock.
The indicated liquidating value of the stock on Dec.
;;
357,410
131,685
Income
816,793
-
808,493
taxes
profits
an
Y.,
N.
•
352,016
-
investments-
for
Net
590,352
res.
also
was
Northrup,
Carmel,
fr.
Prov.
547,212
208,691
7
1946—12 Mos.—1945
Boston.
Webster,
who
Carl
inc.
Total
$8,847,803 $18,080,576 $17,818,489
2,941,277
6,203,524
5,867,256
3,086,324
•r
—
income
Prov.
Gross
were
Montreal,
$9,032,566
.
(other
Prov. lor
number
substantial
a
1946—6 Mos.—1945
limited-term
income)
'
Trust Officer of the
the
to
of
81,617
118,896
179,366
■';/, 132,621
$147,670
75,889
I.23U.454
52,734
178,258
__
(estimated)
expenses——
of
Taxes
Mr. Carroll also resigned as Chairman of the board.
Elected
$141,172
60,674
2,499,927
100,265
Fed.
income)
38,092
629,137 7
201,109
44,469
revenues-
Appropr. for retire,
was
\ The three following directors resigned, viz.: W. J. Carroll, of Wor¬
cester, Mass., President of Rockwood Sprinkler Co.; H. Clyde Baldwin,
.i,of Wellesley, Mass., of Babson's Reports, and Carl M. Eldridge, Vice-
|
1943
$96,877
'7:3,202 77
Maintenance
I Mr. Less, according to a letter sent sockholders-by Mr. Babson, paid
$5,75 a share for the latter's stock.' This holding is estimated to have
exceeded 40,000 shares.
Purchase of the shares will make Mr. Less the
Official
.7^
,1944
than
1945
$5,152,332
1—
from
Amort,
At
President and
y-
20,220
Period End. June 30—
of D. H. Ellis & Co.
\
$75,224
railway—
Jan.
1945
(other
-Earnings1946—6 Mos,
$5,127,537
2,&9y,6l5
$2,582,180
$330,201
Co.,Hartford,jConn.- -New
his
sold
(& Subs.)
1946—3 Mos.—1945
$2,602,019
1,319,234
& repairs
& amort...
Depr., depl.
Taxes
Oklahoma Gas & Electric Co.—Earnings—
Insurance
'
W.
William L.
2,859
$38,827
--Control—
Roger
,.249
101,-.
831."../
'Northeastern
.
'$32,163
-$369,163
316.
p.
1946
7.
railway
Net from railway—!—
Net ry, oper, income—7.
—V. J64, p. .1212. • ;7 7
Gross
Gross
Aug. 2.—V. 163,
on
'■■■■/;[
7'
railway——
from
from
From
H
*
business
.Net ry. oper. income—
'$328,628
5,934
•
7,248
Vv
of
August—
Crl29,400
;t::2l4,700
20,920
Operating
Other
Service Co.
revenues
Maintenance
Net
1
Pacific Public
Period Ended June 30—
Oklahoma City-Ada-Atoka Ry.—Earnings—
tiling, of
tax
close
289,200
r
tax
from-
Operating
-160,000
77,500
surtax
prof,
^excess
preferred stock at $11 per share, plus accrued dividends of 8 cents per
share.
Payment was made at the Harris Trust & Savings Bank,
Chicago, 111.
•
1
The preferred stock was convertible into ccmmon stock
up to the
1946—12 Mos.—1945
-
$307,997
227,592
deducts
normal
Fed.
Savings
$306,038
1727
,
1946-Month—1945
revenues—™
Oper. -revs.
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Sub.)—Earnings-
Period End. July 31-r-
Operating
4S3lW^^^
Number
stated.—
'**/
Reading
Net
from
Net
ry.
railway
—
1945
699,080
558,547
Gross
oper.
Jan.
from
Net'.from
Net
ry.
income— /;
1943
$1,827,926
$1,938,246
981,247
1,035,838
,
287,887
431,566
631,321
717,632
7,591,411
8,435,311
2,226,035
378,136
8,809,790
9,002,493
1—
railway
railway.
oper.
1944
:
$1,516,767
-
Form
Lines—Earnings—
Seashore
August—.■/••/''•.v/■/ ;//.
•
1946
from railway—
$1,577,752
Gross
773,757
income—
*862,694
164, p. 1331.
♦Deficit.—V.
•
2,618,389
3,042,776
736,094
l,446,o«nr
.
U28
Pittsburg Shawmut & Northern RR.
Pennsylvania RR.—Places Equipment Orders—
The
company
box
new
of
cars
August—
Sept. 25 announced the placing of orders for 1,100
the most modern types for delivery early next year.
on
built
usually
Gross
Net
Net
ry.
railway——
1—
railway——.
from
ry.
—V.
164,
Net
,
,
1
&
Other
Net
/
Cr2,G18
1,124,988
153,679
244,447
oper. "income-
.36,357
231,173
1,868,214
1,878,327
571,226
taxes—i
railway
income
265,592
498,842
4,743,112
for
153,230
41,667
*479,836
334,583
3,652,071
250,000
41,667
.
The
to
$111,563
$381,821
surplus—
carry-back lrom 1945 to 1943.—V.
operating loss
211,992
101,154
compared with 178,110,000 kwh. for
a decrease of 4.4%.—V. 164, p. 1637.
$497,352
63,926
f/f: 104,586
100,266
1943
Operating revenues—
Operation
Maintenance
88,496
.126,742
140,444
4,868,308
5,330,265
1,033,627
income
oper.
be
Net
public,
$6.50
share.
statement with the
Price
to
employees, $5,525
being sold by four stockholders of the company
a
*
*
-v
$1
1
;
.
-V
which exchange
common,
par
4
H
'
^
t
'•
*
Porto Rico Gas & Coke
12 Months Ended June 30—
to
and
to
who
i*v
J
consummated
was
{r
;
'
i
,
4
'
(Not
incl.
Pittsburgh
V,
and
Philadelphia
of
Period End. June 30—
subs,
and
Rys.
t;
y'
•
31,618
31,212
38,659
38,270
$136,489
$157,164
642
leaseholds
of
Net
1,416
of electric plant
acquisition adjustments
1,764
—V.
(other
than
utility
Net
The
Minority
Consol.
Divs.
3,500,502
3,524,352
that the company
1,842,200
2,973,692
5y*%
302,083
net
6%
597,135
663,108
872,458
1,709,884
$4,453,037
$5,258,169
$5,492,834
736,710
300,000
134,670
—V.
164,
-.
non-cumul._
stock
The
of
electric
ended
operation.
an
50,000
*
of
shares
' 1,473,420
1,473,420-'
300,000
600,000 V
used
be
269,340
269,340
395
1,185
2,854,856
New
3,114,388
;
sold
Includes
28,
kwh.,
164, p. ,1636.
237,552
6,289,510
10,109,298
$339,083
$786,016
$2,081,700
$5,241,428
657,519
878,448
2
4,627,653
4,308
419,062
464,061
3,611,677
3,037,969 *
1,556,987
Cr388,014
1,398,637
5,567,495
deprec
adjustmentstlncludes payroll taxes
a
profits Uxes
—V. 164, p. 1250.
6,144,096.
12,210
this
1946,
8.8%
or
NOTE—For mechanical
possible
order.
total
Up 53.3%—
President,
life
the
end
53.3%
August
agents
than
was
i
corresponding
for
the
Operating
increase
an
week
July 31—
1946—7 Mos.—1945
revenues—
of '1945.
of
Federal
revs
Total
This
oper.
deductions-
oper.
revs
yk.m
I
The
1
alphabetical
alphabetical
in
I.
I,
,1II
1946—7 Mos.—1945
'
$8,251,027 $7,453,951*
Ml
III
II.-iK.il.
$3,653,837
Dr26,290
3,719
7,692
$2;671.442
Dr5,238
$452,187
$2,663,204 $3,627,547^
■
72,484 ;
75,984
f
119.775 ; ':
Dr2,000
$459,704
Dr7,517
$59,443
8,665
^ 9,111
(credits)
$50,788
80,525
$443,076
48,555
$2,593,720
,
84,765
11,970
9,600
81,998
—-
inc.—non-comm.
Ordin.
*
II ..
$3,534,062
$2,573,129
98,313
$452,012
Extraord. inc. (chgs.)—
1946—12 Mos.—1945
3,919,889
5,677,898
Vii.
"$61,443
income
commun.
.11
$57,724
—
Operating Income
$15,632,447 $16,090,942 $26,603,303 $27,366,343
Oper. exp. & taxes (excl.
Gross'ord. income
income)—
9,493,061
:
—
1946—Month—1945
$953,992 $1,086,706
896,268
634,694
Period End. July 31—
-
Net
for the year to date stands at $76,459,000.
of the corresponding
velume for 1945.
ahead
policy is nearly $6,500.—V. 164, p. 731^,
average
company's
of
Total oper.
paid business
is
the
to
up
1945.'
Period End.
kwh.,
it ie not always
reasons
to arranga companies in exact
However, they ere always as near
Communications, Inc.—Earnings—
RCA
that
announces
insurance
Public Service Co. of Indiana, Inc.—Earnings—
subsidiaries
130,775,000
the
over
s
its
and
company
amounted to
.
.
letter of notification with the SEC for
common.
Offering price, $3 a share.
Pro¬
purchase of land, machinery, equipment, plant,
for
Linton,
more
sold in all of
790
1,297,662
Albert
have
600,000
134,670
*
,
790
of
output
Sept.
2,149,196
Deprec.
Other
10,528,000
—V.
such
and
$8,371,210 $15,350,726
(The) Provident Mutual life Insurance Co. of America
M.
Philadelphia Electric Co.—Weekly Output—
week
preferred
$127,345
$1,073,568
income...
Operating
shares of class A
will
13.
p.
6%
of
—
position as possible.
•
736,710
1,297,662
_
.
for sale incident to
up
shares
Sept. 26 filed
—New Business
'
-
preference
5%
may put
20,000
revenue
tTaxes accrued
warehouses and for other expenses.-, No underwriter named,;
$7,510,630
preference
Common
has
company
ceeds
<
.
preferred—
cum.
$864,629
net
1,784,028
,
-
cum.
Pfd.
.
870,756
#
income—
$5
$556,137
$101,752
$2,488,279
Net revenue
Total
preferred, both of $100 par vaiue.-'-V. '164, p. 2446.;
The
$9,222,883 $10,355,937 $14,749,145 $17,141,974
3,899,090
4,225,310;
7,546,427
7,847,316
Inc.
$6
$3,125,374
2,260,745
expenses
:
Protecto Sales & Service, lac., Drexel Hill, Pa.—Files
With SEC—
$9,452,077 $10,677,695 $15,248,727 $17,803,787
229,194
t
321,759
499,582
661,814
.
cum.
$2,645,812
2,089,675
$405,337
303,585
revenues—
U. S. Govt* inc. & exc.
capital stocks*
on.
cash—,
$7,815,073 $14,486,096
$445,204
317,859
Auxiliary Operations—
bankers
Company
—
in
621,712
$946,222
expenses
Total
lower-cost
new
29,501,771
Crl,143,181
35,332,199.
4,570,691
4,356,896
$132,927
"
1,144,800
deductions
inter,
25,267
probably will replace its outstanding preferred stocks
issue. This is suggested by the fact that in¬
are
forming groups to bid for any new securities
company
a
$82,533,780
626,113
General
Total
690
vestment
,
,
revenues-—
1,029
,
$113,745
——
3,049,783
with
1946—7 Mos.—1945
...
*
$11,911,888 $11,675,268 $82,076,403
•Maintenance of cars_l
4,428,749
4,884,030
28,062,531
All other maintenance25,669
OT59.658
2,076,609
Conducting car opers
4,444,829
5,382,962 39,551,499
Sleeping Car Opers.—•
Total
$158,194
163, p. 3143.
150,000
income
income
2,672
—.—„—
25,416
income.
131,367
subsidiaries—
Gross
Total
,——
$139,161
1,704,692
operating revenue
income
(net)—
Other
accruals—
deductions
2,848,418
excess
by utility subsidiaryState
income, taxes
by
.
AUXILIARY OPERATIONS
1946—Month—1945
Net revenue-——$2,386,527
345
taxes by util¬
subsidiaries
profits taxes
ity
687,500
$3,892,012
|;r^
: -,>
Period End. July 31—
Potomac Electric Power Co.—See Refunding—
Fed.' inc.
Fed.
deductions
reserve
1,551,255
inc.)
687,500
-
^
4
2,342
Amort,
Taxes
revenue
1—
income
Gross
Income
—
Amort,
f 501,710
$4,579,512
$4,168,723
paid—
—;
—
REVENUES AND EXPENSES OF CAR AND
361,920
1946—12 Mos.—1945
1946—6 Mos.—1945
,
revenues
$4,077,802
$4,856,223
—V. 164, p. 427.
1945
Other incomes-net
$31,176,092 $32,398,883 $59,756,057 $62,030,145
Operating expenses——
12,246,733
11,279,236
23,951,481
22,309,781
Maintenance
;
1,971,857 !• 1,760,925
3,854,192 L 3,782,886
Approp. to retire, and
s
i
1
depletion reserves
3",982,901
3,976,436
7,780,271
7,919,723
Operating
$4,856,223
(The) Pullman Co.—Earnings—
$554,189
327,541
Operating
subs.
•:
,
Porto Rico Income taxes———,—
railway
121,462
2,288,446
z.'1
'•
Balance
'.1
'
tax
'
preference dividends
Prior
Co.—Earnings—
J
—_.
Utility operating income..
street
other
Co.)
$6,487,704,
61,274
2,286,786
Sept. 23.
,
1946
Subsj^Earnings-rr.
Philadelphia Co. (&
$282,609
resulting from
$413,536
inc.
Federal
of
Balance
will
$568,688
Operating revenues
complete •obstruction of a building.—V. 164, py 1636.
$7,204,283
191,959
"carry-over" of excess profits tax credit
share.
a
Retirement
Proceeds will be used for payment of loans and
replace working capital expended in purchase of building from RFC
$479,483
4,915
pioceeds.
shares of
share,
a
Co. (& Subs.)—Earnings
702
Balance
Reduction
registration
a
'
'
•
188,173
$602,411
revenues—.
oper.
SEC
filed
27
\
V
The registration showed that the company changed
capital from 4,000 shares ($100 par) common to 400,000
shares ($1 par).
Each share of $100 par common was changed into 100
164, p. 1088t
taxes—
and amort
Int.
($1 par) common.
Underwriters, Brailsford & Co.,
Bolger & Co., Chicago.
Of the total, 100,000 shares
to the public and 10,000 to employees of the company.
offered
to
income
taxes—
Other inc. deducts, (net)
Chicago—Registers With
authorized
100,000 shares
$20
Other
-
Sept.
company
are
writer, Van Alstyne, Noel & Co. and G. L. Ohrstrom & Co., New York.
Price,
Depreciation
Federal
1,488,2121,966,237
1,086,126
1,241,827
1331.
p.
•
1946—Month—1945
1946-.-12 Mos.—1945 $
$2,407,133 $2,298,590 $29,364,650 $27,782,217
1,003,701
952,869 11,701,637 10,762,929
177,774
146,448
2,098,090
1,771,919
148,410
143,972
1,706,948
1,618,288
182,000
307,245
3,237,512
4,138,581
292,837
268,573
3,416,180
3,005,796
31—
Period End. July
184,444
225,903
railway
corpora¬
kwh., a3
'
$608,087
178,793
5,037,809
1,604,948
..
Service Corp.—Output—*
the corresponding week last yfar,
Puget Sound Power & Light
*
$658,536
2,980,586
243,657
.
week
the
for
the operating companies served by this
ended Sept. 28, 1946, totaled 170,250,000
output of
Electric
tion
1—
receive
its
Sept. 27 filed a registration statement with the SEC
($20 par) cumulative convertible preferred.
Under¬
The company
$496,896
—_
railway
Shares
of net
Pharis Tire & Rubber Co.—Registers With SEC—
for
47,319
*52,301
Shillinglaw,
will
$3,402,071
*$814,420
of $140,573 for adjustment
credit accrual
("Includes
♦Deficit.
11,036
Public Utility Engineering &
988,426
110,000 shares
Price
Balance
Jan.
164,
and
of inc.
Snkg. fd. appro,
865,979
*93,824
Portis Style Industries, Inc.,
SEC—
V- ■:
v.'y
•
423,488
tax.
prof.
21,831
;
,:i'\'(r?-y
income
oper.
ry.
—V.
•
,
*8,836
*123,980
j '
railway
from
from
..Net
$4,884,348
exc.
rwy.
Net
Net
1946—Month—1945
1946—8 Mos.—1945
$4,208,312 $31,571,236 $37,634,115
31—
income
tU. S. income and Can.
inc.
ry.
From
Marquette Ry.—Earnings—
Period End. Aug.
Gross
35,174
:•
*9,736
stockholders.
to make a cash donation of $5,000,000 to
the surviving company. This will be applied in part to redemption of
bonds of Atlantic City and Peoples, and in part for additions, inirV
provements and other corporate purposes.—V. 164, p. 1125.
v < . ■
The parent also proposes
;
$138,317
1,973
°
Mondays October 7, 1946 •
The
1943
$104,574
f-
729,838
164, p. 1331.
railway
„
■
Pere
from
Gross
1330.
p.
-
562,444
income—
oper.
from
96,263,623
72,816,428
64,660,377
3,462,011
income—
oper.
'•>,
*2,341
railway
railway--
from
Net
531.083,893 654,044,829 678,185,898 643,249.761
37,610,448 150,773,991 183,464,256 212,988,889
railway—.
from
Gross
Net
$70,554
*12,634
*24,248
$71,030
—-11,089
income—.
from
Gross
Net
1944
'
corporation either by sale, or distribution to its common
method will b° specified by amendment to the plan.
-Earnings—
-..
Pittsburgh & West Virginia Ry.—EarningsAugust—O "
;
1946
1945
1944
18,940,176
10,205,533
8,494,108
£.483,721
income,—
oper.
From Jan.
railway
railway
oper.
•Deficit—V.
1946
1945 •
1944
1943
$79,003,533 $78,136,421 $89,315,259 $88,413,643
9.904,471
16,208,086
26,708,439
36,889,110
railway—
from
from
1945
;
From Jan. 1—
DATE
AUGUST AND YEAR TO
FOR
August—
Gross
ry.
Net ry.
EARNINGS
Net
from
Net
size
earlier.
ordered
from
Net
high tensile steel,
of
large
1946
r
.
Gross
the cars will include 100 of an un¬
eouipped with newly developed devices which will
make possible heavier, and more secure loading of a wide variety of
merchandise shipments.
V.V:
These orders follow close on the completion of 500 other box cars
To be
''
THE COMMERCIAL & FINANCIAL CHRONICLE
'
... -
■>
9,501,429
16,233,947
16,166,999
ord.
fr.
Deducts,
inc.—
;<
'
;
.'
'.*'•
*
'
:
.
t.-*'
i
t'*'^V-*"v^-^
C'-T
Philco Corp.—Now
Radio-phonograph
$2,250,000
which
in
Philco
is
the
radio
featured
world.
by
and
the
Ground
' <-'■
was
started
television
broken
was
.
plant
at
continuous
longest
for
Sept.
on
this
Net
24
in
new
just
plant
a
:
This
television plant con¬
three stories high and
adjoins the main Philco plants in Philadelphia... y.\
feet
floor
of
the
final
need
demand
for
for
operations
construction
increased
Philco
on
and
production
products is
facilities
remains
immediately
great that it
164, p. 1088.
so
partial basis.—V.
a
work
installation
to
be
to
done,
meet
decided
was
Net
the
Benjamin
&
Co.,
Waterbury,
Int.
Conn.—Files
With SEC—
The
for
scription
share
shares
to
Price
have
to
filed
par)
letter
a
disclosed
not
notification
of
Stock
common.
stockholders
present
held.
wishes
23
($5
the
on
it
of
is
take
with
the
SEC
offered
be
to
basis
although
available 6,000 shares to
is
for
sub¬
one
stated
of
care
share for
that
be
purchased
before
and
the
at
$10
expiration
within
chare
a
of
18
each
which
V.
164,
1636.
p.
Taxes,
of
Oct.
on
18,
Phillips,
the
hydrocarbon,
drums
and
Chairman,
commercial
"Isooctane,"
tankcars.
and
K. S. Adams,
which
is
"Isooctane"
of
now
has
long
available
been
as
a
grade normal "Heptane."
These and many other hydrocar
bons
are
examples of the company's continued program over the
past 15 years of supplying chemically pure hydrocarbons for use in
the chemical
industries, laboratories and other outlets for use as
832.
p.
"•
Gross
from
Net from
Net
ry.
railway—.
Gross
from
Net-from
Net
—V.
ry.
164,
p.
$210,663
.22,126
1943
$141,769
-
,i
railway—;
income—
47,554
24,866
-
\\
1209,719
>
119,739
1331.
181,315
.
166,492
.
.
,
;
$3,604,825
1,027,400
2,619,849
$68,393
$134,531
$1,569,087
$984,985
to
America—Earnings—
1946—7 Mos.—1945 *
$92,6^1
$575,587
670,653
$338,51®
515,226
revenues—
—8,412
—20,976
—95,066
—176,708
7,325
492,558
inc.
5,440,747
v
income
—
(net)
1,193,949
$4,046,311
18,150
6,266
16,272
income
$281,655
$313,916
deductions
taxes
on
$3,600,244
64,511
52,625
$4,064,461
739,257
89,473
i
Deducts,
$3,593,978
357,896
19,100
873,200
$108,571
$2,094,108
Pfd.
stk.
div.
28,475
55,816
569,548
require.
Balance
¬
of
common
*
$1,524,560
share
earnings
for last year
1946,
revs,
revs,
corporation
The
part
to
proposed
of
filed
merge
a
plan
with
the
the Peoples Gas Co.
subsidiaries.
Securities
the
Commission
Public
Atlantic
merger
plan
on
for
Aug.
Service
and
•Rail
dissolution
of
15.
Public
in
be
Service
.
Corp's holdings
to
filed
later
are
filed
with
the
.
and preferred stocks
aggregating $4,067,000 of stated, v^lue,
common
of
will-be exchanged for 550.319, common, shares,
par $5$ of Atlantic
City, the surviving company.
^
The
parent company will dispose of the stock of the surviving
City ,and
Peoples*
p.
transp.
'"Jl *:■"
Inc. (& Subs.)—Earnings—
1946—6 Mos.—1945
r
^
J
J
$
490,688
37,003,761 206,849,441 227,338,372
388,844
3,015,249
2,443,93®
34,427,102
37,392,605 209,864,690 229,782,302
21,502,356 150,244,334 130,323,561
1,354,890
9,783,077
8,299,307
33,936,414
■
"
■ ■
■■
-
..
658,413 ,
636,97®
101,305
50,584
49,077,561 90,561,772
rail and other carriers—express privileges.—V. 164»
revenue—
to
t
>
'■■
on
111,192
6,568
8,706,607
'
596.
107,688
7,108
14,420,563
"
.
-•
Securities Co.—^Asset Value—
as of Aug. 31, 1946/ this company •
outstanding securities as follows:
1
$2,804.38
Per 4% cum. conv. preferred share, $50 par
176.9T . ;
Per common share
1
1
,
31.74
As of the same date, total net assets of the company aggregated
-»
$11,217,520, of which 18% was in cash and U. S. Govt, bonds, 32% In
J
other bonds. 14% in preferred stocks andf,3§% ;in common, styefe^— }
Based
•
.
24,016,213
1,586,522
inc.-
Railway & Light
Exchange
<
transactions
allied
and
into Atlantic City Gas Co.
wholly-owned
and
VV-
1946—Month—1945
30—
transp
and income-
♦Payments
955,550
170,522
for
r
$142,176
$24,308
,
'/ 'rV'-'.'
'. Tv
I.:":;
Operating expenses
Express
taxes—
Interest & discount
funded debt
Other deductions
Public Service Corp. of New Jersey—Plans Merger of
Two Subsidiaries—
$ ..
are
'o
■
which included a change in the par value
and number of shares of common stock outstanding.—V. 164, p. 1250.
Both
$27,568
-
because
35,987
$483,046
•
340,879-.
$45,928
21,620
•
,
,
•
comparable
$45,238
17,670
Railway Express Agency,
$1,213,899
$2.18
not
$8,044
3,660
$4,384
1125.
Period End. June
of
financing in
new
$52,755
$0.21
share
stock
common
•Per
$147,616
—
per t
P.
'
Total
Earned
$48,348
"
transf.,to
surplus
earned
Oth.
$519,033
' 171,344
•
Net income
$1,883,696
669,797
"
4,060
net income i:; y
194,216
$176,091
...
; $76,273
3,110 .'Jo 30,350
69,324
$12,104
income
ord. income
fr.
—V. 164,
V'1., ' ' •
806,548
715,784
85~200
$169,383
688,416
$20,976
20,516
income
Net
1,214,865
$282,441
Dr 786
;
$95,066
$8,412
W
..
5,102,799
103,370
$297,644
ord.
Deducts, fr.
$9,911,642
■
1946—Month—1945
31— '; v
$53,247
74,223
oper.
Gross
1946—12 Mos.—1945
295,996
1,040,861
230,819
982,223
-236,575
$2,596,487
101,103
commun.
Chgs.
All
1.080,721
J
i i i i^1- ' , *Tt'.
mi mil
.iii
347,500
Operating deficit
inc.—non-commun.
Fed.
deducts..
$136,760
32,388
25,060
Net
Other
debt
,
106,112'
Commission
-1944
$119,102
19,150
$3,306,258
income-
"
railway.
oper.
1345
57,503
income
.
'
37,723
railway—.
oper.
From Jan. 1—'
1946
$4,197,636
income....
oper.
The
Pittsburg & Shawmut RR.—Earnings—
August—
$2,030,133
$878,369 $10,681,007
.in.
..
$482,031
revs
oper.
com¬
pure
intermediates, the announcement added.—V. 164,
i ■mm
$119,343
50,950
expenses—
oper.
Total
510,200
than
Net income
product, generally used as the standard for measuring octane
ratings of motor fuels.
However, this is the first time the product
has been available in chemically pure form and Is the second new
hydrocarbon of extremely high purity developed by the company this
year.
La«t April the company announced the commercial availability
chemical
Total
2,561,267
1946—Month—1945
Fed.
mercial
of
$6,445,298
2,247,661
$5,867,526
1,483,155
$913,956
Non-recurring
on Sept. 20
chemically pure
for shipment in
available
in
ii ii w
Radiomarine Corp. of
105,731
$3,513,289
President,
another
$5,761,795
long-term
f/s
{ ~
Net income transf.
earned surplus
1,293,262
$3,021,949
other
Gross
^
development
''
net income
fr.
$4,315,211
deduc
income
Total
Frank
$6,369,956
75,342
See details
Phillips Petroleum Co.—New Development Announced
announced
55,001
revenues„:
Nin-oper.
proposed plan of recapitalization
instead
$3,458,288
35,825
income
Net
1:1
?
$4,279,385
Operating expenses
<
a
''*.*''>4* ,*'"|'
income
$3,551,563 >
122,809; : ;
69,547 .
—V. 164, p. 958.
—
Period End. Aug. 31—
Phillips-Jones Corp.—Meeting Date Changed—
special meeting to consider
probably be held on Oct. 31,
other
Operating
the
The
*
Net
.
Ord.
option,. at $15 a share.
Proceeds
will be used for exploitation of its business.
No underwriter named.
will
""C
-
—,
inc.
Public Service Co. of New Hampshire—Earnings—
it
thereafter
and
r^-
1,192,742
company
options
months
90,600
$7,381,288 $10,459,956 $12,392,087
454,000
2,223,000
961,878
3,469,000
633,000
5,668,414
'
2,500,000 "
$1,860,000
,
to give to management for past services, the options to run
period of two years and six months and provide that the stock
a
may
J
;
•For portion of premium and expense applicable to
refunded in 1945.—V. 164, p. 426.
£
<,
'
proposes
over
,
income
ord.
Net
Extraord.
S
'
.
.
tax.
income
&
Net
Sept.
company
14,1G4
«
Period End, July
Gross
Phillips
surtax
prof,
exc.
oper, income
income
(net)
Other
begin
to
/
791,775
.
-
♦Special charges
,
While
,
.
-
$6,139,385
&
norm.
Federal
It is
space.
>
,(I"
prior
to
in 1945
Income
Federal
radio-phonograph and
radio,
square
$6,589,513 $10,369,355 $11,199,344
«,„</,
,
Deducts,
Total
Philco
new
300,000
gas,
ago
following V-J Day.
tains
$6,139,385
of
dates of sale
lines
year
inc.
periods',
Pa.,
production
income
oper.
oper.
water & ice properties
.
the
Philadelphia,
radio
Net
;;
Operating New Plant—
production
upon,
market quotations
reports net asset coverage of its
Per collateral trust 3'/»% bond
.V. 164, p.
959.
„•
....
.
,
(Continued on page 1762)
^
^
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4531
164
Stock Record
York Stock
«»
DAILY RANGE OF PRICES
Vv. ;■
AND
LOW
SALE PRICES '.vY
HIGH
'^Wednesday
Monday
Tuesday
Sept. 28
Sept. 30
Oct. 1
t per share
$ per share
I per share
t
t per share
6814
STOCK
10
'•
9%
10
42
*42
15
27%
-
14%
*46%
51
37%
*ioo*
■
5%Y
3%
42%
43 >/4-
161%
Y;
•102% 103
38 y*
28
28%
7 '.Y-.
7%
7yB
7 ,
'
52
*45
.-
50
69%
71
41
•:Y 41
11%
11%
Y
28%
30
Y
72%
;
ft Y; •••'•.71
40%
1%
130%
19%
•21%
23
6%
20%
94%
95
40
Y
40
-Yr" :
6 V*
6%
-
102
-
6%
♦105%
11%
lt%
95
Y
39%
6%
.y
6%
:
39%
4'4 y2
V/v-*44
97%
Y:
10%
YY
*105 %
VY 11
10%
11
llO
Y/
lib
98
10%
YY 10
112
11
YY
12%
12%
26%
27%
7*
*114%
r
115%
lxy
VB
Y.
Y
Hawaiian
2,900
American
Hide„&
200
Y
11%
Amer
Internat
300
American
Invest
7,100
American
Locomotive
Ji
200
...
1
STOCK
26%A V .V::
25%
t,
15%
7%
156
Y
27
26
26%
•153
156
*153
15"
15
P
156
11%
11%
11%
12
Va
11%
11%
37 %
37%
37%
37%
¥
37"
37%
12'/2
12%
12%
h-f 12 %
!3y8
12%
13 %
117%
119%
115%
114
A
105%
105%
106%
106%
14%
14%
14%
14%
1041/4
16'/2
20%
51
170 Va
-
<
32
17
21
20%
20%
A,
38
*36%
49%
50%
1691%
39%
-•'
38%
105%
17
A"
'20
the Week
I per share
A
25
14%
25 y8
*153
15
1,000
12%
117
109
*179
•
42,400
19,400
16,500
32%
Y
169
169
•166
33
32%
30
30
:
*166
6%
169
31%
32
30
30
■;
•6,100
1,100
A
Amer
Steel
American
26%
27 %
26
26
:
900
American
42
42
42
41
41
<1,000
American
Sugar
♦134
146
*138
140
*140
144
1723/4
175%
75%
75%
75%
79 %
156
120
14%
15%
102%
102%
"
42%
41 '/b
133 y4
137
131 %
131V4
"
71
38%
45
46
17%
16%
52%
♦117%
15%
105%
15%
15%
16 Va
105%
40%
134
-v
•125%
♦135
43%
138
140
7%
139 Va
-
7%
71
♦62
37%
44%
43%
x43%
.
*42%
111
*109
57
57
*55.
5%
16%
16%
15.
*15
172%
74
76%
156
52%
*117%
15%
107
41%
138%
*140
7%
•62
11,900
172%
74%
5,500
77%
590
523/4
,6,700
5%
22,700
107
400
45%
145
Am
11,700
$6
4,800
7%
7%
$5
*5%
'
32%
'
,32%.
12.1 :
11%
118%
•132
For footnotes
see
134
V- 11%
33
32
12,
11%
1739.
*118
122
134
118%
page
32
134
-
120
.
32%
11%
120
,
38 y8
14,600
Anaconda
Coper Mining.:
430
Anaconda
Wire
43
600
Anchor
111
130
"•
16%
15 y4
5%
11%
preferred
46%
-
122
conv
37%
57%
.32%
Zinc Lead & Smelt.:
46
5%
5%
dep...:.
33
12%
122
160
Jan
42%
111
57%
16%
•15
59%
2,800
163/4
5,200
$4
Hock
Glass
preferred
Cable.;.
30% Sep
Andes
Clayton
;
y2 Jan.-,
A .P
.32%
32%
1,600
Archer-Daniels-Midland
11%
11%
122 "
122
134
134:
28,300
&
500
140
*134% 14a
€0
43
76% Oct
.
51, Sep
116% Sep
14
Dec
Apr
July
78
29
Dec
31
Deo
41
Aug
Jan
151
128%
157
Jan
65% Jan
91%
Oct
145% Jan
161%
Dec
43% Mar
69%
Dec
May 28
Jun 24
121% Mar
116%
-182% Jun
5
Jan
3
13iy4 Sep 30
Aug 28
Sep
10
10
Sep
38
,15% Sep
Sep
9
11
100
132
Jan
4
Jan
83
Jun
6
20% Jan
49
Y -Nov
38% Jan
11%
Dec
"
•
24%
109
xll4% Mar 21
-
57%
Deo
Jan
45
Dec
July
113
Dec
38% Jtlly
x64% July 11
40% Nov
27%May 27
24% Feb
5
3
4% Jan
23% Sep
;
40% Jun
-
;
iay2 May 28
139
172
July 18
Jun 25
23% Hoy
12% Aug
8
10% Feb
I
: 26% Mar 22
10% Sep
60%
60% Jan 14
62 y4 May 28
24
"•13% Sep
4
-(
4% Sep 19
*
"V
8
May
51% Feb
,
Sep
Dec
Dec
140
100% Mar
Dec
Nov
31%
Jan
9
Mar
15% Jan 29
30
43% Jan
7
111
26%
112
"5%
90
9
35% Sep
41.
.
Nov
Dec
90
-
Nov
'
5
7
50
196%
Jan
65
Dec
53%
29% Jan
r'
Dec
60
70% Jun
Sep
Dec
Jan
Sep
8% Jan
73
No par
43%
Jan
09% Jan
125^
Aug
17%
3
121
164
27%
6
9
Dec
50% Nov
22% Jan
4
9
128
-
Dec
Oct
181
Feb
153
5
112
—...
Nov
68 y4
/ 110% Feb
102% Sep
25
:_5
44%
28% Jun
Sep
__1
—:__No par
Aug
14
14.
24
Sep 19
100
Nov
30
29% Jan
3
....
$6 conv prior preferred——No par
preferred
174
9
11
31%
41%
99 y2 May 21
100 y4 May 17
-
Jan
Jan
May 10
200% Jun
18
99
Jan
6
Apr 10
67% Apr 18
4
Sep
150
Jan
40%
38% July 11
it
30%
32
Apr 25
50 Vo Feb
24
Dec
Jan
164 %
158
W
Armour & Co of Illinois.^
7%
172
8
"
*i32y8
50% Feb
>
Dec
Mar
184
Jan
Dec
17%
Apr 20
24
25
13% Nov
Jan
75
.
Sep
4
Nov
15%
Apr
5
73% Jan 29
191
47% Jan
Sep
2%
176
6
13fr
Oct
Dec
39 y4
142% May
29
•''•'58% Feb
Copper Mining—
____20 ;.
Paper Co Inc.———____5
200
1,300
Y
14
Aug
4
19
&
5%
.
Peb
Sep
74
Nov
19%
11% Mar
19%
Sep
170*
41
Jan
24
Corp.—..12.50
.No par
15%
j*
2
Highest
I per share
Mar
11%
40
:
5%
Not
95%
52
,
19
27
Co
__21%
Anderson-Prichard Oil Corp—...10
Anderson,
123
104%
33% Feb
8
-
•
&
Oct
Deo
Jan
20
9
No par
of
14%
41%
I
Jan
Jah
21
108y4 July 12
4
4
Sep
100
ctfs
prior
Oct
37
—No par
Woolen
Dec
15
I per share
42% Aug 21
10
166
Elec——No par
preferred..
pfd
Amer
71
*
5%
*5%
Corp.:
&
'
Jan
26
100
Wks
Nov
80%
24
..100
Preferred
100
:
1st
American
2,900
•
145
;
preferred
Water
Deo
103
54%
14% Sep
25
.....
Deo
14%
8
Feb 16
95 y4 Feb
100 J
class B
6% preferred
American. Viscose
Dec
109
Lowest
123% Aug
3
No par
Tobacco
Common
123
16%
Tobacco
Telep & Teleg Co
American
58
Mar
Jan
Jan
Jan
Jan
Dec
133% Aug 13
.
100
Sumatra
Amer
8,300
156%
Am
10%
Jan
1
Apr 10,
6
100
Preferred
100
400
58%
Dec
56 y4 Deo
;
Year 1945
22J/2 Jun
No par
Co..
Refining
38%
43%
17% July
60
5
27% Jan
,No par
46
111
16%
15
7%
71
38%
*109
140
-
-46%
5y2
16%
lQ6ya
42%
137
15%
16%
106%
38
43%
*15
16%
*45
111%
57
43
7%
46
*55
53 V*
123
16
106
*62
38%
37%
52%
*117%
135,
7%
78
156%
*125%
71
-
-
16%
42
42%
135%
75%
156%
53%
323
174
77
77%
157
*104
140
*42%
55%
♦15
53
123
•
*110
111
53
77%
52%
'
♦44%
44
43%
.
*62
37%
111
75%
156%
157
7%
8
7%
♦63
172%
75%
♦117%
53%
52%
♦117 y4
174%
75%
76%
78%
77
157%
78
156%
172%
1,74%
•57
Nov
109%
Jan
186
No par |
Stove
41J/2
Nov
40
Jan
10
100
preferred
Stores
27
Mar
Jan
24%
Jun
179
25
Foundries
8% Nov
X117%
7% Jan
$8
108
May 22
23
100
non-cum
Nov
130%
3
No par
•,.
42%
1743/4
'.
24
Building Co
Smelting & Refg
Snuff
Dec
19%
3
5
Ship
American
9%
Jan
July 15
10
33
Sep
45% Sep
200
Dec
Jan
45% Jun
100
Preferred
300
Jan 28Apr 24
163
14 •>,; Sep
,
No par
.
57
3%
10%
3
88% Jan
No par
Amer
25%
59
2
Amer
41%
59
97% Jan
240
30
58%
;i 10% Sep 19
10,400
,Y-a
Dec
25 y4 Jun
19
33 y8
58%
23
Sep
30
140
19
19
25
58%
11% Sep
34% Sep
No par
42 ■:,'•
140
24
24
American Seating Co...
42
58%
Jan
1,000
160
27%
i 106 y4 Jun 24
10
San'y
Safety Razor new
25
♦138%
25% Sep
140
No par
com
Rolling Mill..
conv preferred
26%
58 3/4
4
20 y4
•
Oct
Not
Jan
30% Jan
-
45 y4 Mar 21
9
10
100
•25
140
Sep
No par
29 Vz
583/4
Sep
14% Oct
No par
29
•
24
101
20%'
32%
33%
29%
par
American
37%
Dec
29 y4
18%
Highest
>
1 $ per share
f per share
1
American
4 y2 %
Deo
149
Jan
91
38%
5
47
68%
6%
70
9
119
Lowest
No par
Co
Stand
&
Nov
42
156%
13%
> 16% Jun 5
15% Jun 28;
44% Jan 15
11% Mar 12
25y4Sep 20
111
Sep 11
100
preferred
Rad
127
20% Jan
9
No
Co
Light
Deo
67%
112% Mar
May II
55% Jan
9
12% Jan 28
9% Sep
2,300
38
Jan
Oct
Jan
44% Apr 15
21
16%
38
Jan
27
118
63
15%
166
96
110
Dec
Dec
Jan
18% Mar 30
118
May 10^
Par
Preferred
840
,
&
17
112%
199
:
Range for Previous
preferred
$5
Am
20
50 y4
29%
$6
6,700
14%
Power
Amer
5,300
105%
10
130
100
13 ya
182
32%
39
Jan
—
2
No par
News
Oct
133
10% Aug
Range Slnee January 1
Co
Molasses
55%
2% Jan
96
Jan
Sep 19
'/'YYY Y'.Y
preferred
American
109%
14%
Oct
8
24
Ltd
Co
Dec
Mar
128
10
1
1422
28
10
10
15
19
No par
American
49%
313/4
Metals
Jun
23%
Feb
Sep
Metals
1,800
37
39%
Fdy
&
80
x41
a-A
preferred
cum
Mach
1,200
120
-A
Jan
15% Aug
Jan
8y4 Sep
99% Jan
'•
11%
38
168
Amer
&
37%
11%
50%
:
Amer
6%
36%
♦38
Mach
Amer
5,700
i',
26
STOCKS
Dec
69%
14y4 Jan 29
129y4Mayl5
44'/2 Oct
;
Dec
28% Aug
90
,
43
9
20
1
EXCHANGE'
3.90%
49%
167
-
A;/y'
Deo
41%
Sep
Sep
19
...100
■Y'!Y-.Y;:,"';YY:r;. •••.
156
♦37
;
100
NEW YORK STOCK
101
39
38 %
-
:?Y'/
4,500
25%
*99 A
105
Shares
49%
169
*166
*166
170
*166
;
34%
20
Y *38
32 3/4
182
105
17%
168
<
170
•166
105y2
17
48%
39 %
104%
16%
105
*36
172
•38
V
14%
33%
34%
203/4
37
493/4
33%
16%
104%
20'/2
361.4
111
♦179
179
al79
34%
32%
33%
104%
16%
32%
183
•179
183
♦179
121
117
14 y2
15
14%
118
.1021/4
102'A 1037/a
r
15%
25%
12
AY'
12
113
15%
25%
156
'Y Y *153
26%
101
*99
:
37%
12
37
25%
26
4
5% Sep 24
No par
preferred
Sales for
Oct. 4
$ per share
101
*99
'
15%
25%
Y/
25%
26
101
*15
26
•153
I per share
25%
16
25i/4
CLOSED
Oct. 1
*99
101
*99
EXCHANGE
Friday
Thursday
Oct. 3
1 per share
1 per share
I per share
HIGH SALE PRICES
Wednesday
Oct. 2
YVaY;'
Sept. 30
Sept. 28
Tuesday
v
19
6y4 Sep
111
of
Co
71
Jan
89 V2
,.100
Corp...
Sep
Dec
Jan
6
.1
preferred
35
11%
28
183%
No par
non-cum
'
20%
23 y2 Jun
50
6%
•
LOW AND
\-M Monday
Saturday
18
a
No par
;
...
100
Y;.Y
26%
115%
Ice
Dec
66%
'
43% Mar ~
19
_____1
preferred..:
conv
1,500
A
♦114%
6 %
-
104% Dee
Jan
Sep
14
11
10
American Home Products
American
48% Dec
.
Jan
15':
40% Jan
Feb
"164% Jun
34y2 Apr
32% Jan
:108
Jun
75
July
11 y4 Feb
25
10
Leather
3,400
:
112
2
Sep
5y2 Sep
90
Sep
37% Sep
Co
3,400
,
26%
SS
Jan
.
3%
Sep
150
19
43 y4 Sep
No par
American
Dee
38%
'
Y
*11%
101
—No par
preferred
800
6%; V
47
.-"VY
10%
11
YI-'
•.
-
98%
;
*108
11
12
Y;"26%
6%
V; *41Y;
98%
112
Y
-Y
'
•
.27%
12
19
27%"
391/4
$6
■•
•
No par
0 $7 2d preferred A-
.Sep
1
No par
$7 preferred.........
500
Yv 39%
'••■'■" 51
97%
10%
112
A. •Y;
106%:
> •
No par
Foreign Power
1
19-<>-Sep 24
20% Sep 20
20
Amer 81
Dee
36%
210% Mar 29?
72% May 28
132'% Mar 20
24
120
100
Sees...
Deo
184
11
105y2 Jan
4
19
47 y2 Sep
10
9,800
800
6%
European
Oct
Sep
10
Tiling...
Dec
14%
23
-
11
17V4 Feb
1
4
stamped
Co
Encaustic
Deo
26%
102% Dec
14
2 '/4 Sep
10
12
preferred
prior
•
67/8 Sep 20
82
-
Jan
May 16 " xl37
189
'
American Export Lines lnc new—40
-
.
93%
39%
10%
Amer
129
23 y2 Sep
104% Sep
j.
Jan
Deo
Dec
108
15% .J.an
64% Apr 18
4
105y2 Oct
Co
Jan
27% Aug
20% Jan.
Apr 25
30
4
% Oct
No par
...
Distilling
American
YYY 4,600
39%
44%
4%%
Amer
Chicle
43%
153% Mar
..
19% Apr 24
45y4 Jun 10
Y'" 88%'Jun 10
Sep 24
37% Oct
100
3,200
6%
106%
2
14
100
Crystal Sugar
223/4
6%
;>Y
Y-
20%
5%
72 y4 Oct
No par
Cable lnc
American
700
"300
;
4
No par V
preferred
conv
Colortype
22%
YY;- 22
94 YY ^V:-.'Y93%
W, 94 :•■;
•■'■<•''
97
112
27J/a
115
22%
•;
non-cum
American
20
VY
.
28% Sep
1
Fdy
preferred
Jun
Jan
..
25
&
Dec
74
13%
12% Apr 25
75
9
24
100
s
Car
Sep
11 y4 Sep
100
Corp
' 397/»May27
~6%
80%
Jan
91
28
Jan 30
39
•
Jan
Jan
22%
18
29% Jan
-
Dee
2%
1
Aug
Dee
Hot
9%
17
56
64% Sep 20 91% May 29
39 ,Mar I"!.: 53% Jun 11
No par
American
2,000
.
16
19%
106%
106%
23
102
♦15
6%
98%
10%
♦11%
27%
20%
6%
51
10%
116
20
Y
*93%
6%
10%
Y
5%
15%
Co
Radio
&
Chain &
5%
■,
45
v
l
1,500
v
54%
15%
Corp
32Q
'-"A,.
513/4
*101
■
100
23
A-VY-Y: 5%
108
94
40
22%
£
♦105%
22%
V|
20%
22% Y
v.
i'Y 22%
105
:f.:r
••
10 Y
....
1,200
19%
53
6
Am
5,400
•
;
20%
.
1%
100
137
102
16
,
"A'-
25 y4
1
Can
American
2,200
1071/4
128%
'
*15
105%
Cable
.'
lY
Preferred
v
-
212 y4 Jun
.
-;
25
8ep
9
6% Sep 17
50
preferred
American
300
491/,
24%
Amer
5,400
26
11% Dee
Dee
84%
"108
July 29
62% May 314
Corp——No par
Chemical.No par
Shoe
Jan
>
Apr 25
-
*
5 y4%
14,300
V
.
Brake
Jan
; ; ^63% May 27 *.
Rights
45,800
A.
53
•
Am
122
15%
28
9
preferred
Bosch
Jan
28;
/Sep
No par
Note
"98%
6%
36
103
50
Bank
06
:
10
Airlines
American
4,800
.;■•:
•
■
195
*101
52%
52%
6%
26%
•115
vV 22%
20%
98
10%
10%
22%
6%
*44%
11
112
♦105%
22%
20%
6%
Y-
44% v;:
10%,
20%
73^
83
-
6%
270
40
107%
130
128 y2
Y
105%
•Yr
■■■;
400
48%
26
1103/4
20%
*101
82
A:'Y: •:/-»
American
133
194
110 '•
25%
20%
6%
93
50
y
*107 y4
•;:V
'
.
3,100
.
%YY
v
•Y?Y-7A:
7%84
-
Petrol
Agricultural
American
! A :
38
*131%
Y 195%
•103
20%
*39%
100
98%
Y
Y
YY
50
25%
16
21%
6% Y 6%
44%
:"•
105
22%
7%
194
111
6%
103
103
132
83
••'•; 110
19%
6% ;Y' ;•
•:.'• •.•-%
V
16
21%
19%
7/B
y, 132
130 "n 130
52%
6
"15%-Y'
15%
%
--•
Amerada
Amer
67,600
Jan
vv€l% May 28
-113
July 30'
±No par Y x36% Sep II
—~
Cem
Doc
38%
8% Jan 28
Jan
34% Hoy
•
17
6'
Sep
preferred
conv
22% Apr
30
Amalgam Leather Co Inc..:
800
■
Mfg
Portland
Dee
Dee
"157
Y 19
>.100
Dec
11%
5
No par kk.
35
47%
69»/4 Jan
,
Sep 10
17% Dec
Apr
13 y« Mar
.-82
3
->Sep 23
Jan
25%
,
32% Jan
51% May 27
103
Aug
7
3
Deo
9%
1
No par
__ __
Alpha
2,100
-
'
15
37%
7%
25
72%
,Y.. 15
383/4
50%
*107%
30%
Y 38%
85%
50%
15
.
133
.
29%
>
72%
15
•' 196
t'-'Y *104
103
51
6%
•6%
72%
12 y8
—No par
Inc..
Co
Allis-Chalmers
YY 2,000
67
Dye
Co.—
Corp..
preferred
4%
200
1,700
42%
11%
&
1
Stores
6%
72%
-
Allied
51
42%
,
Kid
Mills
Jl3,ooo
7" A Y
"•'•
lnc
Chemical
Allied
-,VJ
-
67
.«
30
•
22%
,
♦101
52%
:
30
21
22%
102
102
V
26
•20
r
21
7%
196
'. 128 "•Vf/f?
128'
72 y4
•"84%
•
7
^
69%
Allied
Allied
8,900
29 :i.;krY
•45%
30%
*131%
'
V:,'
Industries
700
-
Y:
38% V
37%
42 y4
^
103.
u
••..29?Y
•;■*'•
Allen
Oct
18'/2 Oct
94
114
3-
r
3
100
gtd—
West Ry 6%
Alleg &
:>Jan
38
High
Jan
8
12y»Feb
4,
24
par
1
May 28
20% Feb
1"
59% Apr
8 :•
-135
Mar 30
Sep 10
Sep
-
Feb
60
,
32V4Sep 24
54
'
1
41% Jan 28
r
19
Highest
24% Feh
•
Sep 24
3% Sep 19
,
Year 1945
68% Jun
<
.
95
T
?—No
;
May 13
x50
9
Sep
29
_——100
Alghny Lud Stl Corp
Sep
5
:
prior conv preterred-No par
1,900
39%
10
pfd A with $30 war....100
4,700
Y-
;I12
Range for Previous
-
Lowest
84% May 13
'19
10
Sep
4
36'% Sep 30
_-5';Y
__
_
$2.50
(
'*800
-
Min
common
4»/4% preferred
Allegheny Corp
•
*102
52
,'•'-
?•
:
lnc
1
24% Sep 19
-
,
V
Ry___j.__100
5%%
Y20
20%
12%
-Y. 12
98
32%
,
i
6,300
160
38
12%
■
V?
60
3,300
' ^
*193/4
-7 Vir
1
*46
-
43
Y 158 y4
29%:
-.-•
72%
108 •?
•107
111%/':'
130
110
25%
26
25
•106%
29
•
Vicksburg
Alaska Juneau Gold
-1,500
'•"r-'Y 32
; ■
38%
103 :Y
-37%-
—
■
YVIY'V
50%
•104
110
•105%
•:
'Y
18
:"
70% ";•:••'■
683/4
41% -YY 42%
IV*
85%
49%
49% ,:Y
V
*92
:--Y
40%
7% YY,:; ?: -;
*15% .16%
39 y8
38%
Y
195
20
33
29%
7%
.
192 y2
A 29
42
&
10
—No par
.
f
.
Low
169
13% Sep 19
44y4Jan
4
<
,
.1
Inc.?
Aiaens
--18,400
,
57
Y *17%
162
'•;•
'
12
133
85%
85% Yi
195 y2
49
;v
Y
7%
7%
84 %
1
•131%
;-
133
•:
193
Y
YY
"
YY- %
39%
■:
*103
37%
•
Y41%
Y|
15%
39
40
33
A
70
'•••'■"Y
15%
>•
i
!'V- YY, 39%
*44% .•50
29%.
•
73 Y'YY
*72%
15 y4
18%
103
28%
Y>"
"44
Corp....;
—
1,700
- •>
Y
3%
35
*55%
•
Corp
Reduction
6,500
:
98
3%
34
57 '
..?.
5%
*97
4
36
Admiral
Air
No par
v
2
30% Feb 26
1
Corp—
Jan
9y2 Oct
.
10
■;
High
61% Apr 12
112
2.50
Express
Alabama
31'/a
No par
—.a
Address-Mutigr
2,100
2,200
■;
,
Highest
Low
._—No par
Co
Adams-Mills
10,200
'
Straus
Steel
Adams
5,600
Y
■*.?-
Par
Motors. Co
Acme
'
10%
38%
5%
>Y
20
•
28%
31%
.
; :?
94
41
'
'
:
98 "
:
161
-
^
33
7
,
:•;■
11%
29
•
72% ;
38%
41
103
37
Y
1
71'VY
11%
*
15 y4
51
Y
37
29
-
'-*43%
133
•1
•
90%
-20%
Y"
32%
':Y:v/
VY, 40 "■
40%
-
5%
32%'
18%
96
32-
*-39%
'
94
160
V
•
•21
32
38% Yr
37 y4
Y 28%
43
•
159% 160%
*20
103
•102
*56
*96
-19%
YY
40%
40
97
19
32%
5%
32%
v
ACF-Brill
1,600
-
Range Since January 1
■
Lowest
com.
2,800
■
no
Laboratories
&
-•
15%:?
»ioo
Abbott
Abraham
51
.
•':
;
3,200
g3/4
■•" V ,'Y
.
STOCK
YORK
EXCHANGE
•
44
14%
*49
?
no
4
;■ 3%
36
" V > 35%
57% - *
56%
437/a v
43 %
19
21%
21
•'32%
9%
15
32% '
*90
19
120
43
51
*ioo
5%'
5%
*92 Y 96
r
163
158
"
57%.,'-
19%
4
no:
r
.
*55%
1 98
14%
*48%
97
4
37
43
**90
,
.
9%
...-STOCKS
-
NEW
Shares
70%
*100
43
3%
35'%
97
3%
35%
•
9%
15 y8
32
58
41%
?
'
5%
"*95%
4
120
43
51
*ioo
32%
•
.
35ya
•
*56
:
5%
' " 32%
\
97 V*
97
19
5%
9%
42%
68%
70y4
*100
;;
the Week
»
S per share
27 y«Y 27 %. ' Y 27 %. 29
28
10%
10%-''• ?2*10% '10%:~ :-"-10%
37% -37%
3?% -39%"";- x36%-
Y
-37%/
no
"r
37%
*
*100
32
;> 34%
•
•'
115
31 ya
v
10%
""10%
11%
36%
70Va
120
15
*47%
*
?
'
27%
V 27%
27%
.10%
j.
^
15
51
14%
--*47
>
10
42%
.
I per share
FOR EVERY LISTED ISSUE
Sales for
Friday
Oct. 4
Oct. 3
_,
70%
69%
*100
9%
4iy2
120
*104
120
42
CLOSED
69%
68%
70
•100
SXCHANGB
i.; YYY:V.-X. VY,;, W
■
Thursday
Oct. 2
Exchange
WEEKLY VOLUME OF TRADING
^
YEARLY RANGE OF SALE PRICES
Saturday
1729
;
6% Jan
102% Mar
111
Mar
.
9% Nov
30%
15
Ock
Deo
127%
Nov
141
Nov
r*
.J>
v
r s e
-
V-
*
Monday, October 7, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
.
1730
NEW YORK STOCK RECORD
•i
STOCKS
i
Saturday
f per
■
46'/2
I per
22
22
i5%-
15%
15%
15
15%
14%
14%
2i%
21%
21%
21%
22%
20 >/4
21 '/$■
20 '/2
*20 %
16
*15%
21 y2
22
21 y2
134'/2
135
133
133
135
135
135
*130
*45%
46 y2
46 y2
85 %
133
133
133
133
135
134
135
136
136
49
114
104%
2,500
104
103
i6y8
16%
16
16%
15%
16%
3,800
52
53
52%
53 Va
51%
52 y2
4,100
34
34%
34
•
77
78 y2
*76
37%
37%
34
34
81
38
>
114
114%
104%
115
1
24
24
23%
60 y2
*114 »/4
118%
*116%
115
24%
19%
*17%
104
60
60
60
60
118%
30..
*18%
19%'
19%
Atlas Tack Corp———.—No par
Austin' Nichols^—
—No par
" Conv prior pfd ($1.20) —No par
,; 7>
.
19%.,
*18%
720
9.
1,000
>.13';'
13
13 Yr
13
30
*20%
30
*26%
-
14%
14:
77,200
r
118%
*116%
160
t
.
:
18
300
18%
.=•>
20 Va
20%
20%
20%
21
19
19%
19%
20 %•
19%
19
19
19%
19%
19
7 y4
7%
7%
7%
7%
7%
18,600
48 ya
48%
48 ya
48%
47%
48%
7.7 2,300
20%
21%
13%
13%
7%
48:
'
7%
7ya
48%
47%
7%
-
48
5,400
*29%
9
14
10
Jan
19%
May 21
113
Jan
148
May 29
111
Jan
58
.
Aug 12
45
Mar
21
22
21Ya
21%
13 Ye
13%
13%
14
13%
21
21%
14%
14% '
'
14%
•
67
68
52
30
■
-
30
*29%
30%
29%
53%
.*52%
54
52%
23%
23%
23 Ya
24
22
22%
22
48%
47
■
■.—•
"
:::
22 Ve
55%
*55
113%
♦112
106
*105% 106
V
106
106
16
15%.
16%
1,900
'500
•
:
24
15%
15%'
106%-
106%
106 :
106
16'.
:
^
90
*
.
2,600
15
14%
;
•
*31
/<•'.
35
*112
122
*31
16%
19%'
20 %
20%
20%/
*107
20 Ya
21
10
37 Ya
36 Va*
36%
36
25
25
25
25%
25%'
25%
26%
97%
96
'
155
37
37
18%
19
150
37%
18%
,
'
■
\
21%
40%
40%
14%
14%'
231/2
35%
35
42i%
•
9'
18 V4
17%
102
49
49
T
50
'
29 y8
33
•V!
33
/
23 y4
16 Va
16 Yz
15%
-•
12%
83
:
11%
83%
11%
81
27
27
*iol ;•
41%
40%
*100%
102
*99
33%
*102y2
104%
26'%
42
40%
20%
7%
88
*83
78%
78 Ya
79
.25
24%
247/a
24%
'
105
:
5%
5%'
5%
'
17%"
17%
102
102
5%
.
f per eftare
tper share
,
5%
17%
200
V
101
*99%
14%
7%
7%
.83
-
'
>
78%
25%'
25
..
///:
103
103
24%
105%
3'/a
23%"
-23%
BUsh
L
-
...;
*•
/
23%
r.
EXCHANGE
CLOSED
32%
53%
3%
7
33
,
Wednesday
Oct. 2
"
.
.
Thursday
Oct. 3.
tper share
tper share
54
3%
7%
23%
24
14
14%
*117
*45
123%
47
33
Friday
<
53
Shares
33%
32%
56
56-
*116'/a
47
14%
120'
122%
•
*48
47%
120
48
;
23
1,200
14-
6,500
*22»/4
14%
137/a
*46
122
13%
13%
13%
13%
13%
13%
13%
13%
56%
*56%
58'%
*56'/a
58%
57-%
571%
56%
12%
12%
*1-2%
13%
*12%
13%
*12%
55
*53
55
*53' !
55
115%
115%
*53
116%
13
55
116%
*113
115%
*113
115%
42
43%
44
44%
44
44'/8
43
43
17%
18%
17%
18%
17%
17%
17
17%
41
41%
40%
40%
40%
40%
6%
6%
6%
*6%
7
6%
36%
160
37 Ya
160
footnotes
page 1739.
For
see
■
37
37
37
37%
158
158
*158
159%
40
6%
37%
158
40'/4
6%
*12%
*53
116%
*43
16%
39
6%
38
37
158
>156
40
122%
*117
56%
'
54
Dec
25
' Feb
<.ri>->..24% Deo
:
47
"Not
Dec
36
55%
Jan
Dec
8 7
15
114
Aug
Dec
Dee
Jan
12%
24% Dee
May
:>■ 18
,
29%
Dec
109%
Sep
47%
Jan
63
::i9%
Jan
30
Dec
Nov
Dec
.
35%
22% Aug
52% May 10
31% July 11
Nov
35
Aug
103%
17 7
Dec
136
Jan
12%
Apr 17 ;
Jan
8
Jan
17%
42
9% Apr
Dec
17
Aug
28%
Dec
65
Jan
"98%
Dec
127
Jan
153
NOT
48
Jan
72%
Dee
23/
Jan
38
Dec
13%
Jan
25%
Deo
66% May 10
35
Mar 26
18%
Jan
42%
Dec
17%
Apr
9
49%
Jan
95
Feb
52%
114% July 31 v
/Mar22/
168
yC.Viv/>7:
'■
8314 Apr
107
May 31;.
30% Feb 16
33% Jun 10'
46
•
Jun
58
18% Aug 211
:
73% Jan
112
4
27
28
2„
3
3
Apr
301
7 69% July
48% Mpy
.j
Dec
78
Dec
109
Dec
5
67%
40 y2
Apr
45%
36%
7
Apr
33%
13
61% Jun
M
34%
•
24% July
9
57% Apr 22
1
•
10
Apr
55
107% Aug 12
i" 11% Jan 23
•64
May .31
•J 5% Apr
•
Dec
Oct
—1
•
10%
Jun';
59% Nov
42y+ Jah
,
Dec
Not;
—
;/v 1'-".-L
7.
'
/
34% Jan
20% Feb
47
42% Jun
37% Mar
;
Dec
19%
•
Dec
80
z
Dec
52% Nov
3
35% Dec
1;
May
70
115
Jan
10% Mar
16
53% Jan 28 1
; •
37«%
17% Mar-
9
May 14
91
106
July
21
3
38% Apr 22
Apr
Jan
3~6~
112
Dec
Nov
35% NoV
45% May 28
110% Mar 18
38% Apr
r
23%« Jan
23
12% Mar
25% May 31:.
-
Feb
130
22% Jun
l-
45 Ya
Feb
2>
120
Jan
40
20%
128
Nov
Dec
Nov
14
2.
Jan
37%
Oct
11
18%* Jan
39%
Dec
59% May 29
30y4'Aug
42% Dec
45 Ya Feb
22%
2
108 Ya Mar 23
46% Jun
j
26% July 22
105
Mar 22
111
Sep
/ 111% Dec
119% May 27
102% Aug 16
21% Jun
13%
13
15% Jan
29
.
4
May 31.
100
98
„
-;
•
39
110
i'
y4 May 28
May 15
9% Jan
35 % Feb
6
16
112% July ll;:
40
May 28
Jan
7 Ya Mar
77% Aug
Apr
'
46
13
r
90
-
':
"40
45
1,400
17%
7,600
39%
2.400
6%
1,700
37 y8
3,900
160
5%.
$3
55
118
30
class A__l
^—:
-10
Administration
preferred A
Carolina
Clinch & Ohio
Ry—_-100
Carpenter Steel Co__——-——5
Corp —
——
—10
Preferred 4% series
—,——50
Carrier
Carriers &
Range Since Janna*7 1
Lowest
Highest
tper share
t per share
Oct
Capital
3,900
13 ya
*53
Dec
Dee
4:5
36V4 May 14 112% Aug
6 *
..
Sep 26
Sep 4
16 Sep 24
99 Ya Jan 2
23% Oct 2
Sep
100
6,000
7
22%
*117
80
3%
14
.
V
6%
-~3%
22%
23
81
52%
14% Aug
Jun 25
7 58
5
53
400
6%
7
14
Jun
35
Jan
37
Sep 24
32
32,900
3%
7
22
23
52%
7
17
Mar
112
Sep 10
—No par
California Packing
56%
3%
7%
23%
par
13%
3%
7
.14%.
.
45
3%
7
.
7;
V
43
3%
14
•*-'•7
,
-50
preferred
Callahan Zinc-Lead —
1
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy
No par
Canada Dry Ginger Ale Inc—1.66%
$4.25 preferred —
-No par
Canada Southern Ry Co——100
Canadian Pacific Ry
.—25
Cannon
Mills
-No par
3%
*23
2,800
32%
55
STOCKS
.
YORK STOCK
EXCHANGE
-
I per share
54
•
NEW
Bales for
the Week
Oct. 4
33
33%
54%
*53
33%
53
Jaq
Mar
29 % Aug
59 % Mar
14% Jan
105% July
;
20%
Nov
81
Not
27% Dec
110
J an
87
Aug
22% Mar
Oct
7% Dec
3% Jan
15
Dec
15% Nov
95
28
Dec
101% Feb
39
Nov
Range for Previous
'V'y '/->/■:'
......'
par
10O
—No par
Jackson Co
Byron
BALE PRICES
HIGH
tper share
32%
'
"2,600
*
STOCK
(A M)i———No
Participating preferred/—
Byers Co
60
-
Nov
32% Jim
Sep 12
Oct
44%
12
Oct
43
'. 105
•
100
1,900
83
28%. Jun
Jan
12%
28% May 131
35% Jan 28
75% Jan 2
23
Sep 10
Term
Butler
1.C00
i
17.%
23%
Bush
Dec
35%
Jan
66
17
May 16
142
24
19
10
18
1
—1
1—
preferred'——100
Bldg 7% preferred„100
Bros common —
^
10
4%% preferred
-1D0
Butte Copper & Zinc
5
2,300
270
!.v
Terminal
6c/o
30
>
103%
*102
V 9
•.
78'/a
'/./■V 5
17, 9
17%//,;
17%
-•
2,400
vvC-.
Dec
16% Jan V
Sep 20
Sep 19
Sep
Sep
Aug
Sep
14/8 Sep
preferred
;—100
conv 2nd preferred—100
3%%
preferred
—-100
Burroughs Adding-Mach—--No par
Dec
24% Aug
30% Apr 25
Sep 12
19
104
100v:
100
new—--1
7,200
v-.
24%:
5%
——5
Co Inc-
,
1
May 24
24
J
23% Sep 20
38 Sep 25
—i————-No par
Watch
3%%
200
■
xlOl
4 %
240
r
'
85.
.*80
79%
Co
-1
pfd—100
Burlington Mills Corp com
14,900
101%
14%
7%
*5%
-
Bulova
20'%
105--- 106%:..;% ,105-%
r
Bullard
106 7/a
El Corp $3.60
> Buff Niag
1,200
101
common—No par
.-No par
Co——,-
Forge
Buffalo
2,100
20
Co
preferred —
'
20%
40
103
$5
770
40 '/2
26%
:
106
14%-
83
5%
24"'
:
'79
—
105
13
101%
20%
14%
102
23%
Tuesday
Oct. 1
Sept. 30
:
102
24
LOW AND
Sept. 28
..
.
102
,
23%
Monday
Saturday
*104
'.
17%:i7%-"
102
;
24%
24
■105.'
105
26%-
7%
24%
24%
105
1,000
101%
V
*991% 101% V?
■A
73
88
*33
27%
106 Ye
.*101.
'
88
•78
27
.
41%.
20
.
7%
78
82..
(The)
Budd
20,800
11%
"
15
*83
-
*105'/4
101
7%
7%
101%
*100%
•
106%
14%-
14%
7%
60
80
27%:/;/,
-/■'. 27%
26%'- C'-i
*99
101%
•
14%
"
8
V
-
'
14%
14%
/
124
Dee
.
10%
63
19%
/
May 23
118% July 18
104'% Sep 26
'22% Sep 19
147 Sep 9
*20 , £an _2
10% Sep 24
80 Sep 18
25% Sep 24
preferred—/——No par
Bruns-Balke-Collender
No par
; 29
11%
28
73-
Jan 21
13Ya Sep 9
$3.60
Dec
Dec
58%
16
—15 ..." 72
Bucyrus-Erie Co___———_—.—5
7% preferred —
7-:
100
5,600
:
11%
V
81
80
103
1,600
;
'
15%
123
/
-12%
-11%
12Va
::*ioo%:
101
1,200
23-.
15%
:v:-;
125
*124
125
•
1,000
35
104%
23
/
16Va
16 Ya
81
20
27%
34'
*103
.*23 Ya .24%
16%
41%
V.
7;
Dec
20%
Jan
5%
30
'
250
>
-27%
;
63% Jun
Co——No par
^Briggs Manufacturing——No par
32% Sep 3
/Briggs & Stratton
—
No par
23 Ye Sep 24
Bristol-Myers Cd new—-r—2.50
.
35'% Jan 10
3% c/o preferred
—;—100
* 108% Oct
3
Brooklyn Union GaS——1—No par •' 26% Sep 24
Brown Shoe Co Inc com——
-15
31Y2 Sep 19
2,200
V :
Dec
Dec
130
i May 23
39% Feb 18
7
42% Sep 4
40% Sep 19
7 101 , Sep 24
Irl 4% Sep 3
'•
45 % Sep 25
17
<'
14% Jan
31
^
Sep
Sep
Sep
Sep
Dec
94%
Jan
57
,
54% Sep 11
33
Sep 24
Bridgeport Brass
■
•24%
*105
rp.\ 1,100
50
109"
CO—■—----5
-
"10%
64% Aug 14
'
42% Sep 4
101
Sep 10
Inc.———-2.50
of - America
Brewing; Corp
'
104%-/
26%
25.%
■
27%
29
33%
20%-
*99
101%
.
:<
6,100
109
»:
108%
X28'/4
21 Ya27 •
101% 101%-
/
35%
>:;/•> 49%
33%
11%
5,300
25-'
26%
50
103 3A.
v
109
-
80
106
/> : V 101
•
Braniff Airways
•
100
15%
Roller Bearing
Bower
300
34%
28%
42%
20 Ya:
*103
106
26
Boston
>
2,800
i47/a
■%'::
3'/2%
1±~
95 Ya
Corp—-—5
cum preferred .—^—100
& Maine RR (assented)-100
Borg-Warner
500
;
"
:///; 48%
50
z'
-
/
•
18%
V *91
26 y4: *
/
49
18
95
35%
26%
41 Ya
...
21
20l/4
18%'
*91
5 '•://vv
'
*47% :
49%
18%
35
*102%
'
101%
26%
*47%
V
."
-5;
,
6,400
•'
•
•
60
4,200
'5,800
102-
*100
4%
-
34%
:
27%
43
15%
•■:■■•/' "V 23%
V 9/ 15%
*124
< ;
12 *
41%
33
8i y8-
.
*101
i.
26
♦103
'-
*26%
V/.-
102%
26
16
124
124
125
*124
24
47%
28%
104% / : '
:
46%
35%
10.9
34%
23%
23%
;
:■•"./
•■'■;
15%. '
50
•'
29
.
*102%
104%:,:
*102%
29
*32
35%
34%
//>
30%' "
• 109-
*108
28%
34%
44
-
4%
95
15%
25% '■i: 25%: V
109
109
.
50/
"
•'
:
VV/;;
26%
%
35%
z
35
/
; 1
50%'
26
25 Yz
56%
9 102
*100
19
*90
'""■•/
15
20
/V-V 56%
47%
43,
Brass—»—:—5
Bon Ami' Co
class A———No par
Class B
'—No par
Bond Stores Inc common—-:.——1
Borden Co (The)
————15
>
Aluminum &
Bohn
1,000
111'
-
'
48%
18%
/
.
5
48%
>
:6.ooo
45
;
'•
600
"
/,>./
35%
47
-3.4C0
;;;
7'->
24%
45
> -57%'
-35 %
102%":
.
*4%"
91
; /.
35%
34 y4
*100
•
18%-
17%
14%
•15%
15
/
v
5 •>
: 23
•
*108
,-
«5G
I-
15%
42 Yt
110
110
v
40%
"'*37
45%
47 Ya
42%
:/
15%
24%
:?5%
35
42%
-:91
9iya
24
-
57% ' '
*56
-r
46%
■
*91
•
42%
r
'
.
42%
// >
110
*108
46%
*4%
48'%
48
-r
4C.%
45%
4
•
39%
4,900
'
16%
-*45
24%
35
*99%
7 5i/4 ;
5%
23%
42
103-
.*99%
,-0'
41%
16%'
5,600
21 y2
>" 54
32%
17
Bliss (E W) Co—————.jt—-7-11 ;;v> 18%
$2.25 conv preferred———No par y. 31 Yz
Bliss & Laughlin Inc new
:-2.50
14
;
Bloomingdale Brothers—No par
38; •
./.Boeing Airplane CO————5
22%
800
/
,
7%
10
41% Jun
7 88% Sep 24
preferred———100 7 144., Sep 25
•Bigelow-Sanford Carp lnc-i-Nopar
Black & Decker Mfg Co——No par
Blaw-Knox Co
No par
2,200
•
.
20%
•21%/V
'
:18%, V-'/
18
*38
46%
46%
42%
46 Ms
,
'v
19
7
100
a
/
■
38
*36%
.40%
:
42%
57%'/:
34
38
V
56%
56%
Jan
88% Jun
(Del) „——No par
Steel
Bethlehem
10,000
: -
155
♦151%
150
56 %:
-
*36%
110
*56
97%'
•
.
57%
57'%
96%
■
'
45%
r
>108
110
..
98 y4
21%
24%
•
45%
■:
45
45
*108
24
4,400
37%
42%
*38
24%-
.
*15%
15%
15%
1,400
27
-is y8
"
40%
16"%
1
1
42y2
*37%
•21%
"::''/.4oya
41%
40%
/
34v ':
26%
56%
21%
:2i%;,'
21
20%
400
34;
150
19 Va
•
;
2,500
*
z
26%
37%
'
19*
7
25%'
35
57%
37 Yz
18%'...
7,000
97
•
155
f
56%
37
-
.*148
•
380
26%
98%--
56%
55
^
100
99%
'•
1 /•"
34%-
26%
97
/>'
98
*143
,
56%
.56%
^
25 y8
101
700
"
.
36
35%
26%.''
25%
35
.
25%'
.26 Ye
253/t
95%
*148
35
35 y4:
35
35%
36%:
*iooy4
4,400
*
109
*107
>
18%
30
:
Sep 4
Sep 4
Feb 21
Feb
1' ">iV,...
j-y
,
13
47 % Jan
4
Nov
27%
Jan
38% Jan
35
Sep 23
112
Sep 25
Belding-rHemlnway—i—-^No par 7 - -15% Sep 19
Bell Aircraft Corp——————1
> 18% Sep 10
Bell & Howell Co——---a—10
> 18% Sep 20
preferred—
——100
107
May 8
Bendix Aviation——5 7?' 34
Sep 10
Beneficial Indus Loan——.-No par 7..; 24% Sep 20
;■
Cum pfd $3.25 ser of 1946-No par
98
Sep 10
Best & Co.—;
j-—-—-2.
1
31% Jan 3
Best Foods.i^.;
—,i-—11 .
22
Feb 26
700
18%/
18%
>
109
36
"■'/
25%
100%
*100%
101
*100
101
35%
19%
20
19%
20 Ya
•18%.
*107
v
36%
36 %
101
x-
20
109
-ft-
^
Jan
113
-30% Jan
.
Nov
32% Aug 14
JBeech Creek RR_^^———
.—50
Beech-Nut Packing Co—:—;——20
•
pi
16%
16%
17
20
20%
/
20
20
♦107
/,
108 ;
107%
*16%-
16%
16V2
•'.j
122
*114
122
*112
^
36
*31%
-
36
*31%
36
122
20%
.
>>*20
108%
■
*31
*112
'
16%
16%
16%
-M
36
.
122
*110
•
conv
cum
60
3
16
82% Feb
2
19
22'% Oct
No par
——
—
—J>-25
46%
pfd————100
113
Beck Shoe 4%%
preferred,;
100
104
Beech Aircraft Corp1 7
12%
3%%
20
•
112%
.;
Beatrice Foods Co__—
1,100
54%
54%
*112
*112 •> 112%
New
300
.
'
15%
f*:
•
•
■V' 22%
'
55
54 %»
-
■
113
.
~
——5
Bath Iron Works Corp—i.—T
Bayuk Cigars IntL.—__——No par
Barnsdall Oil Co>—
8,500
21%
211/8
'/;•/:
' •>
-
A' v"
preferred——2-—50
4 % Yo
100
,
48%
48%-;
•'"V.;.
'
.
24%
—10
———10 •
u\
18
Jul}
14% Feb
66
Sep 24
36% Apr 26
' 267/a Sep 10
- x52% Sep 19
1
21
Sep
9
20 Ye Sep 24
40 y2 Jan 4
83%
42% Dec.
Jan
25% Jun
19'% Sep 23
? 14'% Sep
;
14%
17
23% Jyly 23
37% Jan 23
19% Sep 19
12% Sep 24
-
NoV
120
Apr
40% Aug
18% Sep 24
7
Sep 19
467/a Sep 24
;
Deo
83%' Dec
May 13
97% Jan
19''%/
7 18% Sep 24 7
Corp.——„
Asphalt
Earker Brothers
900
V
Conv -5%
Barber
2,300
53
23 %
i
-170
29%
29'
100
—50
preferred——-—1100
preferred—-——i—
Aroostook—.c.
Bangor &
1,100
'
22
'
56
55
*112
113%
113%
*105%
■* 15%
■'
•1
"i
54%
*51
24% /•
24%'
:
•
■
■
52%
52%/:
*51
48%
V
47
47
%";
y2
22 Va'
v// 22
.22 /:;■>
■■
A—
'/
14%
70
30%'
./•- *30
52
23%
56
■
4%
4,100
22
14%
69
■
/
21,300
Sep
135
12% Sep 24'
Dec
45-
-
30% July
110
3
34% Apr
16% Sep
Locomotive Works——13
Baltimore & Ohio-™.
—-.100
71%
110
25Sep 18
Baldwin
7,900
■'/. '
13%
21%
:?: • /
pp
54%'\.
54%'
31
53%
55
::13%
20%.
'
22%
*46 %
//•r
70'
*68
54%
53%
54
54
*15
141/0
'
■
20%
22%
22%
15 '
-69'-
*68
68%"
>
23 Va
H
' 14%'
./'•
"14%
.
*68
54
22
.23
21%
.
V
14
v
'
;
9
Feb
130 y2 Jun
B
21% ,217/a
Jan
May 24
a
'
24%
13 Ye Mar
48%
33%
94'
r
•
120
28
51% May 28
Dec
52%
Jan
101
20
Jun
49% May
3
139% NOV
113% Nov
29 Ye May
54
Sep 19
117'/2 S^p 26
7
25
Jun
Dec
Nov
Jan
76%
May 31
'■
Dec
140*
V
83
22% Sep 11
■ -
Jun
125
Sep 19
104 v Oct
..
Aug
„
121
Sep 20
Sep 26
j.-, 112
Autocar Co
—
5c
Automatic Canteen Co of Amer
5
Aviation Corp of Del (The)
3
$2.25 conv preferred——-No par
l;700
20
20%
20
21%
20
Jan
32%
7 33% Feb 26v
25
4%■ conv.pref series A___Jl„_^100
3.60% preferred series B—.—100
Atlas Corp_—...—
'—5
Atlas Powder
No par
4% conv preferred
,__100
>260
v
.
.
23 y8
23
24%.
■
*116%
118%
-
13%
104
23%
60%
*26-
14
14%
115 V
"
:.v
30
*26
30
115
6,600
Nov^
108
11%
153
Sep 24Sep 24
Sep 19'
32
77
100
5% non-cum preferred
Atlantic Refining
200
104%
KQ:
*116%
.
37%
103
15
45
1_10
59% Nov
42% July
106% Nov
18
30
81% Sep 24
No par
1 7
Atl G & W I SS Lines
•600
78
37
104
23%
118%.
35
*76
37%
*115
104
60%
*33%
117
115
23%
61%
-■
34%.
78
37%
*102
104
*102%
59 y4
>*18
1C3%
106
106
Highest:
4 per share
share
36% May 28
130
Sep 25
46V2 Sep 30
100
100
t per
-
May 31
112% Feb
Sep 19
105
100
Atch Topeka & Santa Fe
5% preferred
A T F Inc
Atlantic Coast Line RR
6,500
86%
85%
83%
65
42% Sep.-11-
■
.
—No par
Investment Co
Assoc
100
-
37
*103
14%
86%
No par
2d preferred-—
7%
140
,
49
*45%
49
16%
37
*26
*45%
87%
86 V*
108
*78%
85
36%
133%
*45%
52
34 Ve
34%
220
51%
53
52
*77
8,600
16 Va
16%
16 Ve
1,900
.
tper share
tper share r
No par
$3.75 preferred
,
Lowest
Highest
i
Arnold Constable Corp_„_
___
5 .... -19
Sep 19
Artloom
Corp____„,
No par
13% Sep 19
Associated Dry Goods new__
-*-l9
20% Oct 4
6% 1st preferred—-u-——100
131% Jan
2
700
■
133
86%
106%
106
106
*21%
22
.*134%
.
49
84%
86%
22
21
Ai'mstrong Cork Co_,___
200
105
21%'
105
*105
20 %
CLOSED
106
9,V Par
3,500
48
46%
48%
48
"105
106
EXCHANGE
Range for Previous
Year 1945
'
January 1
Range Since
/Lowest
NEW YORK STOCK
.
Shares
J'.
f per share
share
.
the Week
v
106
106
15 Va
r
Oct. 4
t per
48%
47%
47%
Sales for
Friday
Oct. 3
I per share
share
47
47
105%
*105 y2
Thursday
Oct. 2
Oct. 1
I per share
share
STOCK
EXCHANGE
Tuesday
Sept. 30
Sept. 28
PRICES
Wednesday
HIGH SALE
AND
LOW
Monday
General Corp—
(J I) Co——.
Preferred
*
Case
-
1
25
100
Sep
6% Sep
3
3
2
3
3
21/2®eP 2An
Sep 9
Sep 20
43% Sep 24
12 /a Sep 24
55% Sep 20
12y4Sep 23
51% Sep 19
112
Sep 23
39 Sep 11
xl3
116
£ep 20
4
1
x34% Sep 10
158
Oct 1
16
39
Oct
6% Oct
47% Apr
58
Apr
7% Feb
12% Jan
8
10'
16
28
40% May 29
Year 1945
Lowest
I per share
Highest
t per share
Jan
43
Deo
52%
Sep
56
Apr
1%
Jan
4
Dec
9%
NOV
27%
6%
20
Apr
Mar
32% NOT
18
July 30
147
May 29
Jan
7
113%
47
Jan
56
16
10%
Jan
20%
Dec
22
29
59% May 21
137
May 23
48 %
Jan
72
Nov
11
Jan
21
62
Mar
56
Oct
Jan
135
Nov
32
Mar
49
Dec
21
Jan
~5%
Jan
58
22% Feb
73% Apr
21 Y\ May
61
y2 Jun 17
34
Jan
60
Feb
10% Jan
55
183
Jun
Jan
30
4
2
13
8
116%
Feb
35% Jan
152
Jan
128%
Dec
Dec
Dec
33% NOV
10
Dec
48% Dec
175
Dec
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4531
.Volume 164
NEW YORK STOCK RECORD
LOW
Sept, 28
/-,
'
9 per share
Oct. 1
Sept.-30
;
9 per share
S per
t per share
A>
61%
22ya
104%
21%
21%
105%
105%
105%
155
21%
CLOSED
148%
v,
t,
20%
A'
21%
22
9%
"•
113
100 V:
*?8%
>
100
r
9%
*9
28%
29
9%
28%:
:,v;
.30.
.113
*99,
,
A
9%
;
13%
*13
13%
*13
36%
35
35%
17-,'
17%
17%
,..26%
26%
46%
46%
.105
17%
*45%
17%
47%
16
16
16%
17
20%
20%
21
21
50%
50%
51
.6%
6%
11%
11%
8%
8%
.."7%
9
17%'
28 Va"
6Va
7%
13%
13%
7%
9
-
8%
8
•rv
;/v 8
i
•4%
7 *4 ,•/'
13%
13%
14
13%
13%
13'
35%
34%
35%
34%
35%
33%
19%
19
19%
18%
19%'
42%
41%
42
41%
41%
19
19%
19
41%
42%
*4%
14%
41%
4%
4%
-
4
:
20
%vA>A
'
:
19
'
>
49
50
■
*59%
:A> 16
-
A?:>9%
*37:;
AA
*59%
59%
*59%
A16%
151/4
-9
37,
88%
:>A
241/4
24%
38 V2
39V4
29%
30'A
12
12
90
24V8
16% >; 16 %;>.;• A -161/4
>:• *8%
•:
9V2
-
<
:,
J89%
-
.
16
88%
247/a
24%
t, 24
"
111
•
90%
'25%
*107
A
>
39
>
*11%
A
A
A
29%
24
24%
'40%'
'30%
39
40
31
31>
11%
11%.
A": 38
29%
;AV 11
95%
*93%
30'A
12
12
12
'
98
96%
'.'A
%
*7s
21
46
*165
180
*95
105
lll->
111'A
A
56%
A
56%
;>
,'A
108
*45
/
A
28
>111%
108%
*100%
103
;;
*106%
23%
*.163'
;
22'A
t
"110
.Sept. 28
„
* STOCK
Sept. 30
;
9 per share
1
Monday
Deo
Nov
19
Jan
Jun
76% Feb
16
54
Jan
66
Deo
37% Jan
6
197/8
Jan
37%
Dee
5
49
Jan
59%
Oct
54
Jan
64
Deo
15% Jan
27
Deo
i.A—1
Tool—__.No
Pneumat
Pr ,pf
($2.50)
par
18% Sep
10
i._i__«._No
par
49
Oct
1
No par
j..—.No par
Oil__,.__
•'
149
149'
'63%
63%
EXCHANGE
CLOSED
***>
*900
50%
>
51"
50%
't
42 :>•:'•
42
~r
11%
,;':16%
■:? "
.•
;
-*40%
..
17
1.6 tV*
16%'
*14%
31%
36%
*35
>
25%'"
>83
38%
39%
->39;->.
:
22%
38%
40
-."
3%
23% ' ' '
3Vz
115%
34
>•
33 m
32%
"9%
35%
87
39%
23%
107%
£>
"A 3%
.3%
217
118 Av
:
■
:
•
■
;.
39
,39%
>-A39%' r40%
VAl07>AA108i>'>
.
22% A23%
::
>>,v3% A' 3%*
>
117% 117%;
:
JX32
32%
22%
AA
.
»
31% ;-.'32%'
.
•
35%
35%
35
35
35%
35%
>
19%
47-
47*
16%
22%v
20%*""
22%
22 %
112
112.:
A* "20
22%
112
•
:
1,680,..
8,200
A
15%
16%
102%
102%
v 351/4
-36%
103
►101%
"■351/4
36
106%
-9%
%>
106%
-■
10%
*105%
.
16%
17%
>
14%
55A 29%
A :45%
46
21
21%
20%
20%
21
20
20
,A
24 .a:
22%
112: A'
41%
42
s
112
>
>
106%
16%'
—
36'A
62
112
16%'
16%
16%
*
105
*105 »•.'
106%
'
35%
106%
>4■A
9%
'
•9%
49%
50
112 Va
*16%
11%
11%
34%
351/2
>
16%
49%
*16
'
14
13%
AA 48 A
14
14%
141/4
55Va\
55%
55
55 y4
29%
28V4
*54%
14%
55
*291/4
*105%
106%
14'A
v-56%-
291/4
*1051%
62
.
62%
193
194%
x62
Xl02%
16
16'A
48'/2
49
14%
13%
55
55
131/4
14
56
55
.
*1051/2
106%
*105%
62%
61%
>194
- 194
621/4
28'A
192V2
■
1931/2
700
A'- A
'
55
141/4
7,600
16%
48
281/4
106%
"-16%
16%
:
13%
55 .,'r
15
16%
16%
•
14 '/a
*54%
•
-16%
17
17%
*48% : 50 «•
28
60%
1,400
.
1
a
.14%
J
2,300
A
2,500
V;
360
'
106%
2,900.
"
>.'
.A-
611/2
3
41
Jan
36
Jan: 14
10
38
Jan
47'
Jan/ 29
Sep
82
;
Jan
47
8%
8%
8%
5
5.
4%
.-4%
35%
36%
35
36%
*102
104%
*102
*29%
30%
*29
*23%
26
38
8Va
:
8%
8%
8%
8
4%
4%
4%
4'/2
4%
.
80
36
104% *
104%
104%
30
*29
231/4
*21
39Va
38
*50
*100'■
24
37%
-
29%
231/4
38%
35%
36%
49
49
48%
48%
27%
28
27%
28'A*;
27%
24
$5.50
•'
■>
48
:—
—!-■
Crown
27%
105%
*105
*115%
117%
-*116
1,700
50%
*105
107%
-
105
105%
117
116
116
-
3%%
Crosley
27%
107% ••
.
500
50
117%
Inc
—
Internal Corp__
.Cratt.0 Co common——.
Coty
--.Coty
24'%
28%
*116%
100
.
500
3,700
110
200
Deo
50%
Dec
Nov
18%
Deo
50%
Jun
28
—
Jan
Cream
$2
preferred-—
Wheat" Corp
of
Corp
Cork
(The)
&
SealA
preferred
Crown Zellerbaoh: Corp
$4.20
$4
2nd
preferred
preferred
,
28
46%
Jun
Mar
50 Ve
Nov
31
*
Jan
31-
Mar
50
Nov
Jan
11%
36
NOV
41% Oct
:
Deo
28
39
Jan
53%
110 >
Dec
116%
Dec
A
15% Aug
25%
Deo
<:
20
Deo;
Deo
10
4A:
;
50% Aug 12
37V4 Sep. 1?
59% Jun. 6'
36% Sep 20
123 A July. 15 >
106
Sep-. 26
32V4 Ma,y 13
19% Mar 15.
5% Jan 31
I t 2% Jan .2
132
Febi 1
ill
Sep 10^
36% Jun. 17
29'% Sep ? 4
A
18% Sep
6
13
Sep 2o;
40% May 13
25
Sep 19
551/2 May 13
.34
Sep v 3
<10% Feb;' 6
57/a Sep 11
,
:■>
-
Sep
Jan
26% Mar
,29% Jan
3% Mar
6
>24%
Jan
V109% Jan 28
25% July 12
106t
Sep
»
20% Sep
23% Apn 20
•
19
32'
24
111 1/4 Sep
Jan.
47
9
1
•-
Sep;
,
24'
4
52
52
,
Jan
li:
x33
25
Sep
104% Sep
—lft0
(The).——2
3
12
20% Sep
10
24
35% Sep
18
40 S Sep
20
28
.NO par
-
Sep
26% Se))
103
Sep
19
Deo
|-
45
Deo
s
115
Feb
\\
Apr
40% Nov
(•
8% Jan
93% July
17% Deo
26%
<
>
1 37% Jan
Sep
;
1061/2 July
113
Deo
Apr
Jan
17%
Jan
20
Dec
r
29% July
43
Nov
>
10%
46a
1
8%
10
,
Jan
47% Feb
Dec
59%' Oct
28% Deo
55% Nov
.19% Deo
Jun
16% Aug
26%
Dec
21
52 Va Mar
64%
Jun
38%
70 % Aug
14
12
30
30
101% Aug
108
14% Apr., 10
>7% Jan 29
49% Jun 17
110% Aug |8
35% Jan 14
391/4 Feb
62
Jan
541/2 Feb
1
14
6
40'A Apr 12
I'i{> % Feb
150
5
v Apr 12
Oct
Oct
Deo
Jan
71
Oct
182% Jan
199
Deo
58 Va
S "
-
i
Dec
50
29,
May 29
?
109%
53%
210 V4 Mar
; -
35% Dec
Jan
8
19
May
Jan
109% Aug
Sep 24
4% Sep 20
22
12%
A 39%
Sep 25
8Va Sep
July
49%
67% Jan
•■■
A
34% Nov
109 %
27% Jan 18
Jan*14
58% May
190
7% Deo
108% Jan
19,
23% Feb 16
60
Apr 24-
27'% Sep 25
105
:
Nov
'
17% Aug
Jan
56-
'A Sep 20
Sep
h
Jan
x23% May 29
307/a Feb
1
47Sep 25
13% Sep 10
> 13
!
17% Jan
31%
>
49% May 23
34% Sep 24
15 Va Sep 26
16% Oct'. 4;
A.
50
Oct
'
45% Deo
8
22
July 18"
•*12% Feb*.2)5
101
Sep.23 A lOgi/a Jan To
537/a Jun, 10
>33% Sep 19
113 % Mar 29;
1061/2 Sep 24
18% Feb
8
.9'/a Sep 10
63
Jan 1$;
47% Sep 23
11
3*9%
Aug 26
115% Mar 15
54i/aApr 18
25
11%
A-
60
May 27
33% Jan 17'
v
A16% Sep 24
18% Sep
Deo
34% Nov
•
15% Sep
23
42% Jan 18
Feb
124%
28% Jan
■
36
4% Nov
H Jan
89
,
-—1
No par
!■—::5
No par
No par
"
,V >4%
.
-
100
.No p'dT
Jun
46%
25%
36% May 21
-106'A Apr
25
35% Sep
5
No par
preferred—
Preferred
100
50
-28%
*105
1739;
-,'.A
Dec
106
Jan
.28% Jan
14
•
No'paY
No par
preferred
$3- prior
29,;
50
52
9,800
1041%
37
107
page
*28%
36%
117
see
*101
23
>
38%
117
For footnotes
29%
.36
38
*105
—
351/4
104V4
29%
*21
38%
28'/a
37
3,700
3,300
49
Oct
..
part
.5
V
—50
Cornell-publiei; Electric Corp.-—il
- Corn Exch Bank Trust Co
—20
Corning Glass Works common__Ai.5
3%% preferred—;—
100
Corn Products Refining
'—25
270
&%
4%
Feb
18
Jan-24-,
' Apr 22
14
.
NOT
34%
,5
19
19
Sep 30
Oct
72
31 Va
■Ai-A
Sep 10
share
183
,
101%
14
.8% Sep 24
I per
Deo
24% Feb 16
r
8%
59%
Aug 20
14% Sep
par
Steel CoT__
Conv pref 57o
series
4,600
194
May
23% Jan 29
A,.-A
Copperweld
130
;
.551/2
28
300 .>
■>
y
63% Jun
-
Highest
'
L
110
.33% Sep ,10
22"% Sep 24-
Insurance!-10
Motors—
iAi.1.
Continental Gil of Del!—''
5
Continental Steel Corp..
«_:14 ;
Cooper-Bessemer
Corp—
No par
9,800
v.
130
11
19
30
Continental Cari Inc__A——
$3.75
preferred—
No par i
10,300
200
11%
36%
17%'
>
Deo
?•_**^'-1^
v.
9 per share
60% July 11
?
■
12
31
Continental
Continental
35%
16%
f Continental Baking Co*—
Continental Diamond Fibre—
>' '-11%
Feb
-
Sep
20
America
2,500
11%
16%
$4.50 pfd____No
1,900
36%
Lowest
>
Sep
Gas_—;—15
■;
V
'FA
'•
Oct
53%
Year 1940
: Sep
.A—:5 '
9%' a
50 >
11%
55
62Va
A
Pow
Apr
155
Apr
19
16
10
Corp
Natural
Container Corp of
300
106%
9% a
Consumers
5,200
A
34% A35V2
*105
<
5,400
103-v- 105
Jan
140
Sep
•
Vultee Aircraft——til !
Consol RR of11 Cuba 6%>pfd_J„100 1
Consol Retail Stores Inc
—1
500
41%
Jan
41% Sep
357/«
7
13
Consolidated
Laundries
Consolidated
2,100
1,900
35%
13%
195
7,300
V
'- A
49'A
.
Conspl
A
Nov
34%
4
14
.
500
1,800
V
22
40%
'351/4
'
195'
>
42%
*103%
;9%
9%
49Va ? 50 —
•■
r112 %
A-121%
41%-
103
35%
22%
16%
11%
54%
29%
3,200
21
20% ^-20% "
16%
Jun
59
,
4,800
.
20%
^
•>
"
.
100
Jan
ip% Sep
39
.>.100
—No
Feb~^6
Sep
102
*
3,000
37 V'
54%l>.
106%
106
6%
>'
17.-V
A
800
22,600
20%
21
1,700
Jan
53%
69% May 20
Commonwealth. Edhsoni Co
Ju-^25 Conde Nast Pub Inc pewJ—No par
Congoleum-Nairp Inc„
No par
.Consolidated Cigar—-::
No par
Consol Coppermines Corp.
5 ;
A 26% Oct
4
ConsoJ ,Edisori of N-Y:_s
No par
105% Sep 4 4
r; $5; preferred-::—
—No per
A 171/4 Sep 10
Consolidated Grocers Qprp___1.33%'•
2,000
,
.
27%
47
103
9%
14%
14
*;
42'A
A
Commonwealth &. Southern—No ppr s
preferred, series—-:,
No par i-
VA $6
12,300
IO6V2
;
46%
46%"
>'16%
49»A
48%
17%
48%
*54%
-26%
■
A 106 a
36%
12
37 %v
*47
20%
.
IIV4
11%
37
*!6
A
106%
9%
491/4
•
■
>50%
50
106%
16%
112
41%
16%
5%
.6%'
.27%
a
-
No par
:
96,900
35%
16%
>a'23";.
112
15%
"
>34%'
21% A 21%
v
'
23%
41%
27"
105%
20%
-46%
21%
41'A
,
^'5%
16%' 16%
.;
'20%
40%
6%-
105%-
20% '
46%
21%
20%
.
*105%
16%
46%
'
;
,
A 27%
.27
.
'20%
16%
,21%
27%; ':
105%
20%"
iv
6%
A6%
105%
16%
A
Columbia Carbop Co—
Columbia Pictures com—:
Commercial Credit
A
$3,60 preferred
Commercial Sol vents.
-•7,200 A
•
•
par
__2.50 '
No par
No par ;
B__
200
-
—
.,
'/
151%
151/2
..
3,000;
4,400
A" "27 V4 V.27%
A
Class
93%
.J per share
4
Jan 23
62,"
Class; A____'___-__-:___>>r__No par
Columbia GasElec—_.
Oct
1,40
No par
(The).:
Columbia Br'd Sys Inc cl A—.2,50
.
110%
9
May 31
165
M per ehare
-rPat
68% NOV
Nov
18
44% Feb
Oct
115
Jan
Jan
*
Range for Prevloua
■
^
Coca-Cola International Corp No
A
44
*>'
Colo Fue) & Iron Corp^__.
No par. >
,."• 5/P. cum
conv
preferred
20
Colorado & Southern—-,
L_100 ;
"
47o non-cum 1st preferred
100
,V 47c ;non-cuifx 2nd preferred.'—100 :.
70
109%
106%
Range Since January 1
Lowest
j, Highest
>
300
$4.25 cum nfd w w
No par '
,-,A>A:';,::-.-' : ' >: .
/
S.- , ■; H.:
>
17,200
.Columbus & Southern Opio Elec^.10
31%'
31%
s
Co
May
5
60% Jun
2
A
3% ' >
v:
.
Coca-Cola
Deo
105
W.
Colgate-Palmolive-Peet A____Nopur
preferred^
.......No par
Collins & Aikman—-..t—No par
710
•
t.n,.
205
Jan
<„?!■.
STOCK
EXCHANGE.
.
s
Feb
189.
10
July
Dec
170
27
*.
'
•><
•>.;
Apr
,
36 % May 21
4
152 % Jan
—100
•.
9%
May 20
77
24
Sep
*41
—_No par
____
113% Jan
24% Sep- 23
1
Inc
Co
,>•>; $-3.50
•' '460
118 A
28
f:
&
20% Sep
..No par
Industries
NEW YORK
" ^
;
4,600
'
:22%
3 Va
>1116%
16%
20
32%
>41%'
107
...23%*:
23%
;;
■
39%
39%
>40V2
.
>107 > 107%
90 A
''
27%
_
Molybdenum
Peabody
■■■"■:
V
•.
1,100
16 Ve
27
i_100
17c. gtd
gtd -4 7e~ stock:
Preferred
.
900 1
-
;
16%'
'.6%
(The)—._.l
Co
preferred—^_-—r.ur
Special
Climax
s,
34%
27%'*
.
62
A
271/4
16%
v
106
19
2,500
27%
6%*
•: 3
56% Feb
A; 53,100.
16.. \
27%
27%
99 Va Jan
Bronze
Clev & Pitts RR Co
13,500
32 Vz
• 9%
27%
106
—50
4—50
Graph
:i 57o-
A; >3,600
> '
16
6%
108% Mar
100'
•
28
:
25
;
>
15%
f 21 %
105%
10
Jun
,
va
A
28l
36
18
Sep
800';
4ft'
;•
31%
15%
36
Sep
52
.
'
>.*87,.:
Nov
72%
106
1,700'
f
>26
•
;
.40% ;40%
38%
•'
>
■:7(
15
"9%>34'/a
27%'
87
.
35%
26%
35'
,
>• ;V
33
>32
10 A>
25
Jan
10
?
Shareti
x
16% A
3.3
Jan
,49
26
'■t 44% Sep
STOCKS
A/A
A:;14%"V14%
a>'32 %A>'32'%'"
•
26%
■•:'a;":83% >85 A"
' 3%
llgVa 117%'
31%
;
32%
;
1/3%
i6
*
25%
108
-22%
;
117%
31%
'
*14%
.
Jun
38% May 11
71% Jan 18
19% Feb
NO par
108% Mar.
109
50
,.V16.vvr'j61/8t
15 •>
105
U
Clev
Cluett
>
•
11%
Af lGVa'
:
,-,>35
39%
107%
S
16'A
10
31%
40%
■39
107%'-
107%
:16% '.
:
16%
16
"
9% :io
25%
83%
*82%
"
-
31'A
;:
>1' AA-'/.t
*
.16%
V
--r:
41
11%
11%
...
9%
35%
25*
83
;
31%
;
1.16'
v
*14% ' 16
32 a
,9%
24%
16% >17
16
31%
11 %
A. A!40
41 %"..-.-41%
11%
Jan
Oct
Jan;, 8
Clinton
a'".v
" - '
■'.;'> —A"" A
r-49 %
49 %A
•103% 1041/2:
104%
98
95'
A
May 10
Feb
the Week;
*900
*103%
ie%'. i6%
>>"16
•
41 ;-...v
11%
16
64"
Deo
5
22
108
Salesfoiv;-.>■,»'
x
•140 A .140.
*63%>-64
,>
Aug
30
19
205
>
"
■-49%'A50%V
"SO""
."04%
■•^40%
16
,iA
58
Jan
10
2
AV>:.A :-r-
Oct. 4
*900
103%
12
>.145
A-64'
>64
-.50
16%
16 ■:& 16
■: 35%
-*63 %
42.
11%
■144
*46 %>
Jan
20%
12
2,300
tper share.
f? *900
51%
16%
Id %
146%
42%
Jan
1,500
170
'
9
9
;
Sep
i_100
-
—
—
38% July
11
-5
140% Deo
—•
—
58% Apr
;
27% Sep
.No par
Co
Nov
•K.
1
178% Sep
12,000
-Vv-A
29%
Frid*rfVA
Oct. a >;
i:0ct,- ?
-
103%
11%;
17 ■";••'■"
:
-
.I per share
—
.*102%
4
102%
102%
v
Se^ 10
..
Dec
48
Jan
Feb
105
>A;
Thursday
91%
Jan
44% May 23
C
•
Wednesday
30
15
Jan
27% Aug 26
Dec
X23
Jan
29%
114
36% Sep 20
5%..
■
>•:•#.
1
4%
8
141"
•
i
13
23%
8
May
& St Louis Ry Co
,__100
preferred_:__«—
,_100
CJev El Jllum $4.50 pfd__cu—NO par
C
1
f'
110
v43%-
>*163
170
Sep
Jan
130,
A
22%
a
43%
23
19
15
53
,_^_5
&
Equipment-^——:
C
;
i
147% 147%
•*63%
64
•*900
;21%
>;■:
81V4 Sep
111
No par
Corp_^
Fue%^_J___i_
A
Jan
16
25'/8 July 11
4
Coi_10
Machine
Financial
Oity-;, Stores
%l
59
29
y
2
11
21% Sep
_8.50
i_100
Milling
17
Sep
;__25
common
67% Jan
251/4 Jan
Oct
36
Aug
6
A 6% Apr VI
_.__i_5
Corp
3 5% %-. preferred—
Clark
14
__^10
.
.fe
i-per shan
;
,
44%
-
*163
A
4
29%
%
160
:>:>>•:> VA/VA:'—-iV
103
*57
T
Sep
61%
19
Mar
;
15
No par
Copper 'Co
I
59
div
cum
Cab.i
Yellow
Cincinnati
C
A
341/2 Sep 24'
i.100
/'A-*
Investing
AT>
J*.
33
Ice
iQ
1101/2
*100%
8
49%
City
58
■;•>
11% July
„,1Tt
74
Preferred
'i
:
&A;
HIGH SALE PRICES
Oct. i :
i
t
> "43
..
r.>
Tuesday
sii.nl per share
:
A
■
LOW AND
Saturday
59%
28%
>
170
*163
^V'A
.t*
*57
V-.;22 1/2 ...23
23%
43 %
42%
>A-A"
*106 A > 106% A
103;>■>
*100%
•
A. 110%
18
500J
180
58; '""A-
Sep
34 % Jun
Jan
Oct
Chile
X
300'
105
-
*95
106%
106%
:
28% >28%
'
al!""vv
>
59%
v
111
;
58
r
A#
103
*57
•
,
-
108
*100%
30 •>>>:
A:
42V4 A 42%
a;;
60
;
i
28%
170
ill A
111%
•
> >*165
180
105
4
■
Jan
24
16
Oct
2,200
20 V2 >
15% July 10
24
25 Va
City
471/2'
*45
Jun
33% Feb
Sep
66%
700
•
12%
4
24
24y«
1,200
A V
57/s
14% July .11
17'A Jan 25
7% Oct
17
Chipkasha Cotton
fChilds": Co....
10,500
95%' '
Jun
43% Jan
—;
,
12%
;
;
3,900
11%
6% Mar
.
15% Sep
Chrysler
•
28
28
Cinn. Gas & Elec
30%
Jun
29
17,700
39%l A A
20%
>
:
45V4
*95
'
A
59% v"
VVA: 23
30
43
•163
>*165
105
A': *56%
60%
*106'A
23%
•
■
180
*95
21
>•.; 45
-A
105 :
*57
21
1.49
*165
180 '
r
*20%
20%
f 45 Va
*110%. 111%
A A:
59%
22%
20%
*56
>>■*94' "A
95% >95%
'■
A ,49
*95
*100% 103
A 42%
.v
*165
A
108
>.*57
95
20%
20%
46
■
951
'
*
Oct
23
38% Jan
71,600
',24
22%
"24%
A 39%
40%
,
29%
24
% Sep 24
7
Dec
58%
18.% Jan
26
Jan
82% Jan
'
:
22
Jan
15%
v
Chicago
10
.
14 Ya
47% Mar
,
19
'
111 A
Nov
24
88%:.
25 Va
-
<107
111
v
;
Dec
112
11% Sep
$3 conv preferred
3,600.:/
5,800*.
9
42
55
Oct
30% Sep
preferred—..;
A
Chicago
200
/
Jan
9
12% Sep
.
Oct
28%
Apr
10% Sep
No par
Deo
33
—100
—
16.:,A
'■
r.86%.
A;. 24%
;
•
cl
Deo
16%
Nov
26'/a Jan
24
8
50%
40
25% May 20
66% Jun 17
24
A__50
A..25
Jan
108%
17
32
5% Sep
Mar
7 v Jan
21% Mar
31
Jan
Sep 24
49% Sep
25
33
68% May 24
17% Mar 12
-1
Jan
114
30
Feb
20% Jun
9
16
25% July-1
43
115%
_
Apr
No par
Series
5 7c preferred w
4,500
_A-> 200-
59%.
>>*38
42
24%
.901/2
•107
24
49 1/2 f:
*15%
-.
Co
..
20
14
•,
16% A;
9'/4
Av;A: 9 > "•
'
42 .AAA->V *38 A>.
24%
A
:
>9%
*38
24%
111
*107%
111 Va
'
;9%
• >37
•:
3
Dec
11% Dec
13% Nov
Jan
!
10%
16
May
31%
Nov
„
..
Jun
,
Chicago & Northwest'n w i..No par
5,400
*59%
15%
'
^
Chic. Milw St PI P vtc„
,;AV 6,500-
M8-'-:
59%
*15%
17%
16%
-'">•
24Va
*107Va
50
•17 :• ;> '■>
89%
88
*45-v
59%
'A"
:A-'
11
42
■;'.-24'"-
49%
*59%
AJ
16%
A >16%
A-;
■A.',A, 49%
..
*15%
597/a
i6
■
49
600'
;:y \
%
14% Jan
13
109%
17
51 % Jan
25% Sep 10
42 % Sep 10
do—_.__50
RR
preferred-—
1
Chic Ind & Louis Ry
4; Class. B____
1—
;
21,000-
■
*45"
5%
*.
■
11,300 ; >-•
42%
4
24
Sep
11 Va
29
Jan
„
24
12% Oct
31% Sep
105
24
23% Jan
42% Feb
11
par
Corp M The) A'—.——
_-i.
Chicago Great West
1,500
2,0001
18%'
40%
201/4-V ■'"A 20"V>: 20 '
19%
20'/a
Chicago
9,900-"
13%;; {
'
20%
A._
Jan
Apr
4V* Jan
102% July 31
No par
v.-Class
-
3
10
W..25
Co
116
20
8 % Sep
5
18%
20 %
15
Nov
Dec
25% Dec
21% Sep
Jan
17% Apr ?2
10
_:__40
Ohio
1,100.
;
13% Jan
Sep
Jan
14%
July 10
Jan
par
!
RyVi:
23
29
98% Oct
__1.25
Va...
Chic & East 111 RR
>34%;
A'V 18
of
;■
*
20%
Chesapeake &
8%A1,300.
13%
14
36.
Mfg—
Corp
4,100
7%f
,
34%
*4 %
4%
13%
33%
7,600
13%*' •*13%*
,
Cab
10
Sep
110% Jun
..No par
' /'
6%",
11%".
8%:
Vr 7%
7%
14
Checker
.Chesapeake
1,800
.
3
9
Products-,—*—1
Co——
159
41%
3
38% Jun
,
Pap & Fib Co ...No par
preferred.——i.
No par
$4.50
1,700
•
Belt
127
161% Jan
3
Sep, 9
9% Sep 24
Champion
30
51.%
11%
9%
.7%
13%
24
50%
v>v 9
t7%
V
15%
'6%
11%
Chain
1,500"
15'A
51%
7%
8%
49
*22'A
•
CertahHtped
900
110
16
26% Sep
Sugar Co
Ribbon Mills—.No
Pasco Copper—No
104% May
20
Violeta
Century
71
Sep
20
Highest
9 per share
share
Jan
22% Jail
xl4Q
.
Cerro ,d.e
13,900
»'
106%
16%
13%
8%
8%
49
*105'/a
"•24
11%
*.
9%
9
'
17%
27
V"
19
Central
400
105%
6%
;
2,800
48
7%
8%
*4-
11%
.'
30
Central Hudson G & E Corp .No par
Central,111 Lt '4%,% preferred:. 100
500
13
36
18%'
13%
14
,8%
6%
29%
%
12%
35%
51
51%
>11%
12
12
9%
7%
13%
50%
►6%
6%
6%
*29
27
.,*22
52 W
>20%
21% Sep
104% Sep
200,Cen,t. NY Pr Corp pfd 3.40% ser.100
900 VAtCent RR of New Jersey..
LlOO
i'p" ';
13%
16
21
v
17
16
>>>>
8%/
36%
105%
par
I per
81% May 27
23% Sep 26
109% Jan 14
9
-5% preferred
_A_,
ii
20
Central Aguirre Assoc
.....No par
Central Foundry Co.!—__
A4
1
.9%'
2,600
113 V:>W:;>'>
30*
"-J. 8%
30
.
55
-No par
Lowest
„
$ per share
Sep
.
7,300"
•
98% .>-98%
9
48
106%
113
98%
■
'A';A5'W 500'
21
-
.
-9%'
114
■
*26
48
*105%
9%
18
27
47
10%
35%
18%
27
106%
*105%
21%".4,100
10%
*13
36%
27
*26
106
v
,
21%'
10%
29'
13%
35%
21
22
98%
.29
13%
35%
21
•9
Tractor
,.'.150%. 150%
301 >; 7% 2nd preferred——A.1Q0
27%'',!'27%a.-.',5,500 »
Celotex Corp—No par
:
28%
*112
..
I per share
Par
Year 1945 *:"
Highest
.
$4.70' .1st preferred-y....±.No par
300
.
10'A
,
vV .9% ; 9%
*112 r.114
AW
*99 t 100.
9%
.
Lowest
Celanese Corp of Amer new-No
15,000
v
1
9%
TO%
9%
21%,
21%"
■"
'22%
10%
Caterpillar
3,900
106
Range Since January 1
'
,'V
27%
v
''
22
10%
Shares
64
A .21%
*105%
■
Range for Previous
NEW YORK STOCK
EXCHANGE
the Week
21
A
21
22%
t
,
114%
"•■'99
*20%
V 152
*148'
28%
10
22 ;
105%
*105
152
27%
63
STOCKS
.
Sales for
;
share
per
63%
21%
.
21%
»■
9%,
•113
28
,
*"20%
.V,
11%
10%
.22
21
>V> 27 %
20%
A
28 %
65
105%
*148%
148%.
271/2
"v.
t per share
65%
21%
■>104%
EXCHANGE
62%
.Oct. 8
share
64%
61%
61
y
Friday
Oct. 4
Thursday
:
Oct. 2
-V.
\t;
*148%
STOCK
.
Wednesday
Tuesday
Monday
Saturday
SALE PRICES
HIGH
AND
6
Jan
13
Dec
3%
Jan
7%
Deo
25%
Jan
43%
Deo
99% Aug
108%
Dec
34%
Deo
41
Jun
24
Jan
28% Mar
37
Jan
59% Dec
49%
Nov
53
Dec
20%
Jan
30%
Deo
10£% Dev
106
Oct
112
124
NOV
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
1732
Monday, October 7, 1946
,
t
,l i.
JL
:
HIGH SALE PRICES
LOW AND
"I per share
*.
i
STOCK
'
38
37
38
*165
*103%
98%
19%
•18
52
*50
55
67%
68
"
18
•125
6%
6
18%
*19%
20%
19%
19%
*19%
20
29 %
Co
193/4
193/4
20
20
share
*
543A Feb
Sep
20
115% July
9
87%
24
46'/a Jan
8
25
19
28% Jan
10
16
165
Jan
8
Jun
Jan
5
363/4 Oct
16
35%
Highest
0 per share
Jan
52% Nov
*•
Jan
;
17 900
Class
17
Deo
29
Dec
145%
Jan
x150
11
25%
Jan
99%
Deo
20
1,500
Dana
Inc '
pfd
'
28
122%
59 %
Jan
29
5% Sep
4
17% Sep 20
12 ya Feb
4
34 y4 Feb
2
100
129 Va Jan
30
145
27% Sep
1Q
45
•
75%
9
Jan
118
July 18
.
30%
125
Sep
Oct
Oct
Nov
Oct
Oct
'
25%
Apr :
'<
27 Va
Deo
v- 28
Deo
16% Jan
May 20
„
Oct
154
5% Aug
18 Ys
Dec
24%
Apr
nov
56
Mar
5
Sep
51% Nov
102
': Jan
0
24
-
76% Apr
No par
:
Jan
26
146% Feb
11
Sep
Nov
42
24% July 8
82y* May 16
19
Sep 2g
60
__l
Cutler-Hammer
19
106
A
1,800
11
Sep
lQ%Sep
J
29%,..
Sep
45
No par
Cushman's Sons Inc 7%
140
106
No par
Curtiss-Wright
4,200
10
111
Aug
Mar
Mar 25
66
Sep
'
No par
preferred
Prior preferred
4
98
__5
new
(The)__,_
29 3/a
'
293/4
per
10
160
_100
$7
500
183/4
Inc
Press
193/4
29%
99
._______100
preferred-
Curtis Pub
120
g
*125
140
*125
29 %
29%
'
67%
18%
18%
Sep
I per share
23 % Sep
18Sep
Cunningham Drug Stores Inc_-2.50
100
26,300
117
6
6 %
18%
18%140
*125
29
Cuneo
800
.1:
13%
67%
67
I
Lowest
"
18%
116
115
./•
67
18%
140
*125
•
68%
6
'
,
29
29
115
117
*65
6%
18%
18%
140
.
12%
34
10
preferred-
4%%
,'
55
12%
No par
Year 1945
Highest
$ per share
.
Cudahy Packing Co
1,500
37%
.*50
.
13%
12%
Lowest
preferred _____-*„_______l00
preferred
,_100
7%
"
*115
68
6
6%
6 %
55
*50
13%
Steel of Amer.
Cuban-American Sugar
99
18%
,18% ,18%
55
Range Since Jannary 1
■-
RR 6 %
Cuba
.
|
175
*90
99
5%
100
6,100
19'A
363A
38%
37%
*90
18%
%
*50
116%
♦112
;
39%
,99
18
■■
12%
11%
12%
115
68
99
Crucible
300
27
*165
175
*165
175
38%
18%
52
11%
19
*90
19%
112
*25
19%
103%
103
26 3/4
19%
*165
*90
•90
104%
26
19%
39%
39%
39%
X39
19
175
27%
19
27%
18%
175
•185
37%
104%
*26
104
•26
19%
18%
37%
*103%
37%
•
•
104
27'/2S
•28'4
/
'P*f
1,500
36%
36%
37%
37%
Raage for Previous
"
exchange
Shares
I per share
f per share
.w.
york^'stock
iter ;new
the Week
Oct. 4
Oct. 3
8 per share
share
Sales
Friday
'.'Thursday
Oct. 2
1
'
104%
*102%
1
CLOSED
Oct. 1
I per
'f per share
,
EXCHANGE
„
'
Sept. 30
Sept. 28
Wednesday
Tuesday
Monday
Batarday
NEW YORK STOCK RECORP
28
Deo
37%
Deo
D
■
19%
193/4
20
183/4
19
18%
28%
283%
29 %
29%
19%
19%
1934
193/4
19
28%
295/a
2834
29%
29%
30
♦1113/4
113
20j/4
■
| 46
.
46
383/4
•38
32
31%
383/4
313/4
313/4
7/8
73/8
•
66
•60
173/4
17%
♦17
25%
418%
19%
183/4
'■
19%
v
34;
34 /
/
26 3/4
,
,,
M
.v.
-■
■'•, :
•'
;.|
"
.
*•••*
+' '
*
■
t<
'
'
* J
y.
f» ■
v' I.:*-
•
* /■
35
-
183%
19
185
"
186%
184%
1277/a
1277/a
•127y8
115
*114
*14%
Monday
Sept. 28
Tuesday
Sept. 30
I per share
21
STOCK
EXCHANGE
CLOSED
;
•:
42%
•r
27
27
106
*107%
7s/a
:
-7%
*::
>!
*40%
243/a
X21%
21%
24%
102%
103%
*106
106%
3
3%
:!
11% >
95
1
243/4
25 y4
24,100
1471/2
2,300
137%
32
21%
Radio
1023/4
101%
102
1021/4
104
104%
*103%
103%
103%
103 %
410
107
♦106%
107
106 Va
107
560
$6
3
3%
3%
1013/4
3
,103A
95 /
11%
10%
55
55%
55%
*90%
95
55:
*90%
553/4
95
103/4
15,000
55
3
*90%
:v
*113/8
11%
11%
11%
18 3/4
173/4
18%
*17%
30
31%
31
31%
31%
41%
8%
41%
*8%
42
8%
*39%
...
5
8%
V
900
'31%
39%
*8%
Eureka
Evans
__100
4
20
3
1
:_3
2,400
Fairbanks
Morse
2,100
•
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp_l
2.50
Oct
Raage for Previous
1945
Highest
6 per share
13
Jan
21%
18%
Jan
35% Nov
170
Jan
Jan
49-
Sep
109%
Deo
112
Deo
13
Deo
42%
Jan
71
Deo
14
Jan
24% Deo
8% May
4% Aug
3% Jan
Deo
Jan
158
Deo
103
Jan
148
Deo
43% Aug
34% Mar
55 % nov
48%
Oct
21% Aug
29%
Jan
27 %
Deo
81
Deo
20% Mar
-
Mar
62
16
12
106% Jan
15
100.%
Jan
20
1
110
Mar
8
100%
Sep
111% Mar
6
101
1
30
23% Jan
7% Deo
19%
109
9
24
11
Jun
66% Oct
Aug
24
53A Jan
Deo
200
106
Jan
28
t.
104
1021/4 May 28
111
Deo
229
July
185
2
43% Mar 29
0 per share
L
41% Apr
107%
Deo
Sep
Jan
37
Deo
106
July
Sep
May
108
109
July
July
4% Nov
28
12%
Jan
20%
93
Jan
17
68%
Jan
86
Deo
95
Jan
29
86
Jhn
92
nov
22% Jan
14
11% Jan
20%
Deo
Sep 24
333A Apr
28%
Deo
Sep 18
37% Sep 20
y 8
Sep 13
16
26
15%
583/4 Apr
63% Jan
15
11% Jun
3
17
Corp__:
Mar
-■•ft Year
Lowest
10
24
28
2
22
2
16
30% Feb
10% Sep 24
Buffet
117
19
5
Corp
Oct
*
103
5
Ex-Cell-O
8%
Oct
Sep
Sep
Sep
Sep
Sep
May
Jun
Sep
Sep
Corp
Inc
Feb
113
114
Feb 25
16% Jan 28
80% Feb
5
20
35% Apr
5
24
48% Jan 24
1
71/2 Jan 24
20
29% May 28
24 . 180% May
2
20
167 , July 10
23 "•
56% Jun 25
20
61% Jun 25
Co:
Williams
Exchange
1,400
393/4
19
.
•
x90% Aug 29
50
'
*35%
54%
54
54
53%
54%
54
56
21%
21%
21%! :.v
213/4
213%
21%
21%
9
22:
102%
1013/4
37
; 37
*32%
33
33
'
54
9%
9%
22
v
101%
37
33%
12%
12%
12%
12%
25%
263A
25%
26%-
*105%
107
22%
23
•54
105%
*22
56
*54%
'
61
62%
*102%
62
107
♦105%
54%
54%
20
20
30%
32
*107
9
9 3/a
9%
9%
22%
221%
22%
22%
22%
700
*101%
102%
102%
102%
*102%
104%
20
*36%
25%
*105%
23%
53%
62%
x61
107%
107
54%
55
20%
23%
54%
<
53%
61 '/a
*107%
26 3/a
600
6,200
107%
♦105%
*36%
38
31%
17
17%
22
22 3/a
14
133/4
133/4
13%
14
13%
13%
14%
14%
14%
143/4
14%
14%
17%
23%:
163/4
17
36
163/4
23% *
*22
30%
110
35%
14%
16%
19%
*10714
38
*36
17%
57
29%
110
22%
•22
28
16%
*231/4
23%
200
6,800
-
Jan
42% Jan
Jan
6
Jun
6*% Nov
9%
Deo
300
84%
83%
84
25%
233/4
241/4
*26 y8
*26%
26%
23%
23 3/a
23%
23%
23'A
1,100
503/4
51%
49%
50%
49 V2
493A
1,700
17%
18
*17%
343^
-
'V-
100
page
32%
100
1739.
V
19
33%
100
17%
*33%
100
34%
100
"
32%
100
*26i/8
18
33%'
101%
Co„___
Florsheim Shoe
26%
17%
32 '/e*1003A
!.
6%
17%
,
500
33%
.5,300
102
Food
160
com
Fair
Dec
Jan
26 %
Mar
•
110%
7
253/4
Jan
42%
Dec
5
5
23%
Jan
32%
Nov
9%
Jan
18
Deo
26
43% Jun
11% Sep 20
213A Jun
24 % Sep
34% Aug 13
26
104
Feb
19
Sep 24
19% Sep 24
108
Feb
7
34% Mar 29
70
Feb
7
Jan
103
21% July
Jan
50
51% Sep
20
9
83% Apr
6
53% Mar
109% Jan
17
105% Apr
54% Feb 25
70% Maq 29
42% Jan
No par
—No par
No par
18% Sep
28% Sep
105
35% Oct
18
18
4
115
57
7
Jun 20
20% Jun
29
23 3A Oct
71
Sep
2
4
10
4
21% Feb
23% May
100
Apr
16
9
16
49% Jan
17
Feb
23%
Oct
Deo
18%
Deo
6Y« Mar
13%
Dec
59% Aug
80%
3H
99
Sep
July
1
84
35
Jun
Jan
Deo
Jan
<
44%
43 %
Deo
Apr
25
273/4 May 13
48
Jun 18
112 "
Deo
16%
16
Sep
3
23
38%
111% Nov
53
25
16% Sep
Deo
nov
Jan
14
28
63%
70%
110% Mar
60
Oct
July
9
45% Sep
Apr
34% nov
41
353/4 Jan 28
61
Jun
3
20 3A Sep
jan
107%
107-
20
3
25% Sep 11
No par
__100
Jan
Apr
11
Sep 24
10
-10
25
preferred--
19
1
5
16% Sep
14% Oct
_t
28% July
46% Jun
21
11% Jan
Co_
19
Sep 23
10
Corp__
Oct
13
--No par
Sugar Co
cum
17
104
543A Feb
x___10
Froedert Grain & Malting Co Inc..l
Frwehauf: Trailer Co; common—:_*.l
4%
Deo
10
112% Feb
Inc
prior preferred
Francisco
9
26 3A Jan
17
100% Sep
Corp
Corp
Freeport Sulphur
193/4 Jan
573/4 Sep
class A new-No par
Machinery
Nov
20%
106%-Jun -12
7%
Corp
Foster-Wheeler
84%
243/4
19
Stove
Power
1,600
1,800
83
50
Florence
Florida
Stores
25%
26%
23%
26%
23%
(The)
Food
83
50
Co
preferred
3,600
25%
23%
$4
14%
82
*26%
».
Stores
14%
25%
23
Flintkote
10!
25
Carpet Co___—No par
(The)
Steel
80
26%
National
nov
86%
100
preferred
4%%
65
Jan
12% Mar
No par
Rubber
&
Follansbee
25
,
No par
Ins N Y
Fire
Tire
1,000
80
49
Phen
13
25%
48%
Fidel
Firestone
4
Jan
25%
May 21
36 3/4 Feb
-
35% Sep 25
.
2
5
Sep
42%
5
88
24
8% Sep 24
20
Dept Stores new 'com—*
4 % %
conv preferred
100
Ferro Enamel Corp
1
13
-
Coy_
Federal Motor Truck
First
10
No par
Smelt
&
Sep
21% Sep 24
15
& Traction
preferred
Min
50
No par
Co_
Federated
Firth
11,500
&
Federal-Mogul Corp
500
78
23
;
1,400
25
*26%
$6
Federal
100
19%
30%
1,200
53%
*543%
*1071/4
170
22
62%
57
31%
100
1,400
53%
20
110
-
11,500
62
56
30%
Federal Light
100
53%
19%
*107%
6,700
62
58
31%
'
108
213%
107 s/a
16%
14%
123/s
25%
107
23%
22%
*13%
34
121/4
v
107
106
23%
9
37
*33
12%
26%
;
*36
34
12%
26
107
613/4
37
20
108 %
38
*33
...;
26 3/a
107
,
20
303/4
*36%
*36
9
*55
108%
38
>38
*32% j 34
12 3/a
12%
23%
56
*'
22%
105 '/a
20%
■
109
*36
see
100
1
No par
Co__
Products
Ever sharp
5,000
RR
129
>-/:•*•-•
Jun
263
Apr
209 > Aug
71
Feb
1 40% May
112
Aug
23% Sep
13% Sep 24
20'/a
647/a
104
23
100%
102
105
2%
9%
55%
—No par
common
Pitts
800
11%
Bldg
pref series A
&
,
No par
No par
No par
Office
RR
5%
,
Erie
18
303/4
|
41
*8%
Erie
1,800
95
*11
183/4
preferred
preferred
preferred
JEquitable
2,600
55
11
3%
10%
3*
$5
130
138
50
$5 %
106
21%
22%
*1013/4
For footnotes
Phonograph
Corp
preferred
1023/4
213/4
9%
100
4 %
&
Engineers Public Service com
104
54
22%
f 33
4
5
Johnson
Paso
Jan
i
II53%
*17
Mfg. Co
Endicott
70
183%
*8
Electric
Emerson
8,000
113/a
; 42
8%;
44% Sep
600
25'A
■5
3
1
1,100
IO41/2
26
„-No par
No par
Gas__'
Battery
5,900
24%
106%
25%
36
Sep
33/4 Oct
; 14% Sep
Natural
Storage
14%
68%
No par
No par
No par
shares
Light__
preferred
21
20%
14% Sep
Sep
128
Sep
40% Sep
Emerson
66%
5104%
5
i
w
Am
&
Power
1,700
48
69
*104%
preferred
Electric
700
18% Sep
1
(The)
125%
»
107
Sep 18
7% Sep 19
50% Sep 10
100
Co
El
133/4
1
100
preferred
$6
1,500
41
.46%
14%
$7
Sep 24
Jan
8
41% Sep 19
26% Sep 19
104
Sep 24
Deo
192%
May 21
61
202
191
__4
3
Elec & Mus Ind
Electric
106 y2
102 3/4
11
31%
42%
1373/4
40 3/4
Conv
700
21
.'
*67%
26
i6 y8
11%
19%
■
21
i '
,
49*.
."-•'14
*67% v..68%
*104% 106%
9,200
153/4
41
Nut
24
Deo
34%
Jan
5
' 30% May 22
-31% May 16
30% Jan. 2
5
4,700
37/a
213A Sep
__100
Boat
151/4
183/4
11%
*8
105%
138
41
Stop
19% Feb 26
1
.30%
Mar
20% Aug
Deo
155
$ per share
-
113
Deo
,
Oct
33% Jun
Apr
111%
12
115
Jan
27
Highest
$ per share
No par
_:
Electric
361/4
147
;
preferred
preferred
21
Lowest
5
z
Corp
Stroes Inc com
Bros
Auto-Lite
3%
167% Deo
110%
Range Sinee Jannary 1
Par
•
preferred
Electric
36%
v.
150
49 I
.,
56%
♦90%
18%
42%
)
10 3/4
56
30%
69
56
10%
55%
V
14'3/a
223/4
'•
v
|
i6%::
3%
137%
41%
14%
69
104
113/a
138
14%
*90%
:■
148%
*21%
1023/4
3%
41%
1493/4
50
104
103%
*136
;
42%
16%
14%
25%
1023/4
*105%
-1493/4
,
163/4
47%
v
•".
104
104
149
16
33/4
w
3
116% Feb
••
Products Co
Elastic
122% Jan
.
13
July
13% Sep 20
10
Co
133
4
Jan
,
Steel
10,300
15
36%
3%
47%,
47
22%
68
68
■» :
33/4
7%
114
^
Manufacturing Co
41/2%
100
1,600
t
553A
543/4
56
55
Ekco
2,700
29% nov
100% Deo
58 3A May 28
Jun
29% Oct
Jan
Mar
12
Apr
Jan
65-
;
41% May 10
-
Co.
Kodak
cum
Edison
105
7%
15% -16%
■i 136-91 136
143/4
*21%
73/s
36
15%
47%
llOi/a
36
I 15%
46
*108
36
15%
14
110
100
5
STOCKS
Stainless
4'A%
20%
16%
151/4
413/4
19
163%
3%
*148
*102
1st pfd
,
227
169
Sep 19'
125y4Sep 20
EXCHANGE
6%
700
263A
*26%
•
5%
116
■
"22%
*
100 ;
NEW. york STOCK
Eaton
6
7
No par
Deo
Deo
18
37% May 31 •:
2
50
56
Mar
....
17
81 Co___20 •"
nov
47
*
27
preferred
45% nov
17% Mar
10
Jun
Eastman
30
105,
Mar 19
Jun
Eastern
5,300
Mar
29% Feb
9
3
Sep 19
Eastern Airlines Inc___i._
1,500
42%
20
:> 109
7%
7%
197
42%
105
37%
*37
,/
109
209
195
■:
27
"
20
16 S/8
33/4
150
7%
*102
56
3%
41
-
.
27
,
20%
209
-
423%
54%
37%
r1-137%1 138%
•
27
400
109
33% Jan
Eagle-Picher
24,300
Dee
Jan
118
-
2,600
243/a
44 >/4
/
210%
42%
213A
23%
>
201
*197
42%
105
20%
109
3%
147 i
210%
201
27
109
*36%
'•-
212
*
21%
441/4
22
-21%
35
192
8hare$
S*'■
48
108% Mar 25
4
Jan
Aug
Jan
17y4Sep
95
Oct
X
,
33
16%
143% Feb 26
16
29% Deo
40% Jan
112'/2 Sep
30
Deo
4
July lOx
109% Feb
552
Apr 24 ,
16% Sep 19
75y8Sep20
1
Sep
25%
■
30
*23% Sep 10
No par
75
14
50c
L
preferred
Deo
Jan
26
conv
J
-
Bales for
.
.•
25%
Aug
No par
series A
D W G Cigar Corp
the Week
-
Jun
16% Jun
Jan
21v
' ,:f 67
9 :/
Industries
Duquesne Light
1,100
,*
Friday
45
*102
20%
55
16%
17
15
.
Oct. 4
24%
45
42%-
;7%
54%
16/2
43/'/:
53
7%
:/ i 52%
24%
44%
•;
209
106
19%
r
109
109
..
19%
24%
*197
27/::;
*102
19%
21%
*43
210 V'
27
*102
•
0 per share *
24
<.
-
-
.
t per share
I per share
200*•, 200
:'=
210
5
57%
7% Mar
,
50% Apr
50
29% Sep 24
\.Nopar
34% Aug
34% Jan-
34% Jan
4
48
preferred
'■•
Oct. 3
213/4
24%
45
209%
I
44
15
V
Thursday
Oct. 2
-
213/4
23%
*43
202
43
•
21%
•
211
210
*198
•■•
•
23%
46
153/8
Wednesday
.
$ per share
/
21%
23
45%
■-
.
Oct. 1
4 per share
-
14%
15%
114%
39 Mi May
,
62 3A Jun
.____No por
47% May
40% Deo
nov
13
48% Sep 16
Chemical Co common—No par
$4.50
200
114
114%
,
129
25
24
30y4 Sep 24
__j.
800
Dunhill International
/1,100-/ Duplan Corp
!
;
3,300' jDu P de Nemours (EI)
1833A
*127%
129
$4
HIGH SALE PRICES
LOW AND
••••■!■
Saturday
15%
15%
186%
Dow
100
/" Dresser
200
.w; 3%%
/
36
180
Feb
Aug
77
■
TT'/aSep 24
105'AMarl5
No par
Doehler-Jarvis Corp
7,200
18%"
36
37
17
No par
Dome Mines Ltd
Douglas Aircraft
■'96%
;
39% Mar
■
-
16
Apr
28
No par
Dr. Pepper Co„—1
y
-
100
Co common
Cup
Oct
36
2
new
'
42
Sep 23
18y4Sep
3
2
Class A
1,400
18 3/a
/is
19%
37
-
25 ;
No par
;
16'A Jan
27
23'/a Sep 24
Deo
49v4
'
Sep 24
5
12.50
Car Co
Motor
1,500''
:
:v~.
18
95
*18%
37%
'
3,000
8,300
*94
95
Dixie
:.
1,100:"
165
■19 v,"
•114
'
114
/,
100
36
115
*114'
15 3/a
15
162
114
18%
128
*126%
115
*113
'
165
114
18%
187/a
184
183
127
*95 /
i
140
T
Distil Corp-Seagr's Ltd
5%
preferred
700
28
80; ':
163%
117
Diamond
.
19,000
is
78
.
600
f
17% '
:
*111%
169%
18%
; 400
Sep
114
Sep
33 vm Jan
.
29 *'
501/2 Jan
4
16
'
108%
7
; 58% Jun
3
,>42% July 26
24
65
V
5 ,y
Diamond Match
6 % partic preferred
1,600
"
30%
27V4
273/4
81%
De Vilbiss Co
-
2,500 yy Devoe & Raynolds class A
54 %t
30%
18%
80%
19%
r
27%
18%
81%
35
■x *18%
187/a
"
5
100
;
27%
'♦52%
80 /
6 '/a Sep
233/a Sep
50
.
-
34% Apr 20
75V4 May 1 '
-'
36% Sep 16
5- 25'A Sep 24
20
__100
1,100
343/4,:,
x34'/2
54
No par
& Hudson
d
18 3/a h
35%
Delaware
Jan
113
6
20
Sep
41% Sep 20
34 - Sep 19
l
Preferred
-
19
50c
Delaware Lack & Western
44
109
Co__
___j.__
Sep
110y8 Jun
100
Mfg
Detroit Edison
j._
___20
Detroit Hillsdale & S W RR Co__100
19%
-
preferred
Ruber
5,200
V36
*105%
18%
■
♦111%
•'
183%
*94
v
•161%
117
181%
:<
:
81
18
30%
30
30
17%
v
'|
160
18%
127
v
f!
159%
35
*34%
•
53%
27%
173/4
*111%
■v
96
18%
"/'-I"
35 y8*
53%
30
:
109
*105%
»:
C .35%
82%
>
19
18%
96
K
82
159%
*111%
?V
18%
27%
"26%
115
158
| |yv.."|:
•\
18 3/a /
'
30 '
sft: 17%
82%
"813/4
•»
i,
*'
27
173/4
.,'17
I i
193/4
-18%
105% 109
]
44
/ *18%
361/2 July 31
2,400
27 JA
44
19
23
(The)__7
,
v
17%
36
363/4
44
183/4
35
53%
30
36%
43
43
36%..;
30
27%
'/
•-
28
Dayton
800
■v
».66
17%
26 y4
27
May 13
31 % May 23
2,800
24'A
♦60
;
,
July 15
34
10
Decca Records Inc.
Deere & Co
9,600
•
*7 I
63/4 -
29
24
2,000
31
24
173/4.,
*52
*34
/
"•
293/4
►
30%
66
.v
18%
.
'
■
17%:
,
*19%
19/
.'l9 ■>/>■
*52,
.•
52
"52
■
i8%
,,*105%, 109
v*.105% 109;:/
...
37^
'
44
"18%
.
:'T ,:
36%
37%
*42
*60
26%
26
37%
44 '
17
26
25%
38
V
66
17
I *38
24%
24%
*60
■
€
17%
S
24 3/8
V
7%
7
7%
24%
66
v
...
7'/a
24 %
23%
24
.37%
32
32%
:
*42
.
,
38%
38 3/4
39
383/4
25%
:
373/4
383/4
38%
4
Sep
17% Sep
(The)
Dayton Power & Light Co
^.-1,800
•'
•4?%
38 %
Sep
18
1
Chemical Corp
>,;,.4%%
19%
x383/a
is
5
22,400
48
fi:
'
_1
Davison
113
193/a
47%
39^
23%
66
20
5_
Corp
Davega .Stores Corp N Y
"
1,300
48%
I 47%
38%/ry
7%
7%
47%
38%
•;
32
30%
♦1113/4
.
■
20
20%
38 y8
38%' >
V. 38%
"
113
*1113/4
20
46
47
203/4
45%
21
*
113
*111%
113
20%
400
>
19
19%
*1113/4
20
•18
20
v* *18%
;•'•• 20
27
Deo
Jan
51% Nov
Dec
36
Deo
H,nttfow?)' JooVt\Pi{# #
Volume^164^ Number 4531
THE
LOW
Saturday
Monday
Sept. 28
I per than
STOCK
»
•?
CLOSED
11%
r
7%",„
10
16%
~
v".
•160
■
'
'
4
'
>•
45%
*46
"48%
114
V'.-/'
?
>>, "v,
127 ya
''.••■
>
17%
17%
25%
'25%
*3%
-
*
4
18%
10%
10%
10%
10%
•■*46
47%
44%
46
17%
17
17 %
10%
107
*100
163/e
11%
15%
9%
9%
793/4
37
37
29
29
164
*160
'
>
39
79
37
.
•
30
•135
>>
-
.
1
173/4
24%:
•106%
.
xi6y8
16%
29%
29%
29%
29%
:•
142
J
5%
/
22%
*32
'♦105
■'
5%
106V2
/;
32
■•>
32
37
no
-*106%
110 /.
41
:>> 39%
-40%
*103%
26'%-
26%
:
105%
41
103% '
110
♦106%
•
101
101
H 32.
'
•104
">■
•v
»>
*106%
110
"•
40
132
56 %
>"
.
i
>
32%
32%
69%
v
'.'" ■• 6%
*127
:
71%
-•102
;
57%
106
6%
-V *6 v
333/4
70%
*io2y4
103%
56%
57%
6
33%
17%
166%
166%
166%
62
37%
38%
106%
>; 31
>
37%
88
{
■
>
V :>88 ■;/'■■'<' ;
' ""11%
11% "■
11%
12
39
39
39
39
v
63%
64%
63%
63%
LOW
;
•
Saturday
■/Monday
Sept. 28
• per than
J#
33
105 J%
106
360
18
44
:>>
62
>
■
40%
39%
♦104%
31
7% >
88 ' >
*7%
♦104%
,
„>
7%
*86
87% n
38
A
>
"11%
F)
convertible
Union
City
Grant (W T)
38%
,
:>>
38
preferretfL.-No par
No par
Steel
5
29% Sep
103
Sep
4
23
16% Feb
19
100
Ore Prop
No par
Ry 6% pid—No par
Bay
&
West
____100
RR—
166 V2 Sep
> 63
100.
4
3,000
$5
30
700
$5
8,000
Gulf
Oil
Bales for
Oct. 4
I per share
'
STOCKS
NEW
the Week
^
>: Shares
YORK
"
>
•'r
Jan
21%
Deo
25%
Sep
33%
Deo
Sep
109%
NOV
105
8
Jan
21%
Deo
Aug
653/4
Nov
Jan
39%
NOV
17
May
64
Jan
75
Oct
Jan
86
Deo
22%
Jan
x35
Deo
104 %
Jan
108% Mar
28 y»
Jan
5
Apr
5
52% Apr
4
13% Jan 25
;
Jan
25'n
787/8 Jan
Deo
30 ya
14% Mar
Jun
58
Jan
82
Jun
49%
28
May 31
Jan
61%
Deo
Bang* for Previous
Year 1945
Highest
i per share
Deo
12%
100
Oct
82,:
Deo
55%
5y4 Mar
i,
-30y4 Jan 28 >
> 78
:
175
161% Mar
52%
Feb
108
10
'
May 20
>
V ■> 1 >V>.■::>>>
Par
Deo
14%
4
Lowest
•
Nov
73/4
333/4
14 y8
'
Jan
Jan
Range Since January 1 >;>>
:
*2% Aug
Jan
4%
111
V v ■:..■;>■>•;
STOCK/
Deo
54% May 28
10
31Vb Sep 24
EXCHANGE
Nov
39
46
79
30
Sep 24
>>• 63/4 Sep 30 <>
56% Sep
Oct
115
28 y8
v
25
...
63 3A
14
26
No par
Corp.
5%
Oct
105 y4 Mar
18%
•
3
188 % Apr
85V2 Sep 20
9% Sep 19
preferred—
Apr
,48
July
107% May
12% Mar
28
>> 30% Feb
No par
Gulf Mobile & Ohio RR
74%
July
102
NOV
40
Feb
>105
preferred.—-—No par
conv
,,53
.
Oct
165% Jan
147% Jtily
25%. Feb
Jun
10
Sep
7%
64
May 22
•
Oct
May
Jail
343/a Jan
v
„■
65 * Sep
106
Deo
3^
19
Feb
Deo
107 %
Sep.
57
30
40% Jun
26%, Deo
21
Sep 20
24% Sep 11
j
Jan
112
41
No par
1
.
18
54% May 10
27y4Feb
8
Deo
105%
Mar,
3% Jan
3
Feb
12 y8 Jan
v
Deo
25% Jan
> Apr 10 I
16
>
46
111%
52%
4*
May 10 ;
43
20
Co...
,
113% Jan
•
38% Deo
Mar
13%TUar
96
8
77
4
Deo
111
Nov
Jun
90
13
47% May 14
>.88% Apr
3
: V107
Mar
6
4
12% Sep
107
29
19
No par
-
V1513/i Jan
.
31
133% Deo
44% NOV
26 »■ Jan
9
Deo
10
8% Jan
!
11
5% Sep
30 y4 Mar
>
105%
Deo
34
Jan
27% Aug
4
Oot
8%
25% Mar
14
Jan
59
3
Sep
Feb
Jun
Deo
140
Jan
Jan
Apr
56y4Jan
24
63/i Sep
1
5
Co—No par
Iron
Nor
24
Deo
4«%
Feb
21
42% Apr 18'
May 17
73% May 19
>
20
Sep
Jan
Mar
>106
19
105y4Sep
v
>•
64
Friday
• perehate
> 51.
28%
3%
108-
I
23
33% preferred—
_
:>>/ •'>>>.
•
> 63% Sep
> 100"% Sep
Hosiery.——
Green
,
11%
63%
Thursday
Oct. 3
/
^.::V
No par
com
Green (H L) Co Inc..:
^..1
39
■■»•>:
7,900
Greyhound Corp (The)..
No par
106%
> '.■/>;■>:■•■ .•■"■: >>
4%% preferred
100
'31% ;>/'V
Grumman Aircraft Corp
4,300
.1
7 % >>:>
Guantanamo Sugar common.-^
1
2,500
87%
11%
r
>
24
Rubber.. —No par
Deo
123
8
104% Sep
•
.
*85
12
&
Deo
7%
19
118
3
132 y2 Sep
30
Sep
10
36%
99
60-
4
Mar
No par
(B
Tire
■v
PRICES
Wednesday
;>#per ehort
Co
>
200
100
preferred
Great Northern
1,200
363A Jan
23
Jan
Jan
10
111
26^
6 / Mar 25
.....
31-
'■>■'7%
63%
Oct. 2
Telegraph Co.Inc,
:
Great Western Sugar^
Preferred
62
22
54
,
Jun
•
49
102y48ep 19
99% July 28
No par
1,800
75%
38
32%
38
BALK
(The)
9,900
>>>
:
100
>
1,900 > Great
>
.
166%' ■,»
-
75%
106 3%
63
•
per share
*57.
v
39%
105%
32
253%
166 %
>
76%
•
44%
25%
167
*56
18
17%
43
*
•
64
HIGH
Co
Granite
1,000
>
100
Jan
1%
132
19
Jan
37% Feb
•
conv
Grand
:
3,600
25%
*164
75
1,700
25% Sep
108
5
Graham-Paige
Motors
Granby Consol M S & P—
400
•
>
100'
Deo
Mar
22%
ft
July 10
% May 21
46 3% Apr
17
24'
x32% Sep 10
par
Co.i.
>47
101 % Sep
Razor——No par:
^22% Jan > 4
preferred
—-No pax >>103 > Jan
2
5
39 V4 Sep 24
preferred...-——.JVo pern > 101 y2 Sep 11
Gotham
23,000
6
38
32%
12%
Oct. 1
t per share
•:
AND
17%
>>;;>.'
6%
v
-
34%
25%
62
63%
14
Corpl-No
Deo
77%
233/4 May 21
29
& Stock
$5
15
10
Goodyear
700
10
Mar
130
26% Jun
Jan
123
Jan
May
19
1 '
Oct
62
125
12
Goodrich
1,200
14%
38%
Tuesday
Sept. 80
-
6
V
25%
6%
■i
106
> 43%
-
106%
25%
13%
>>: 38
,
•106
:
114%
Nov
52% Aug
134
5
May 31
Corp
66
Feb
Aug
5
Apr
11% Feb
>
,100 ,$5
/; 8,600
14
48
Gold
,3,700
■
56-
37
12
*
:
166%
*85
70
73/8 Jan
Oct
May
Sep
49%
Jan
43 V* Aug
127
29
Apr 26
40% Jan 14
/
Safety
$4.50
40
g
150
Goodall-Sanford
>
Feb
Oct
37%
6
*9
preferred..—1....60
Goebel Brewing Co
1
:
103
19
19
Brothers
Glidden
3,700
143/8
105
>1
313/4- y: 31%
7% >>• •'
7%
63/4
693/a
j. *102
533/4
39
33%
106
18
39
.'♦85
»
14 y8
25%
*104%
•
33
Jan
36
172
27% Mar
153
8
80% Feb
132
conv
/> '4%%
1,300-
:
123
15y«Sep 10
' 21%
15
543/i Aug
135% Jan
24
Mar
6
12
56 y8 Feb
17
'
132
•6
14%
75
-
■U;.
57
38%
44
73%
*127
V
3,100
100
6%
-..32%
6%
6%
>>> 6%
5%
34 »/4
*55
V
383/4
31
7%
>
74 %
*104% 105%
•
31%
6%
*85
> >
62
>
.» 74%
-
•
Deo
17 y4
Deo
5
19
preferred—I
preferred
33/4%
$5
Deo
15
17
preferred—..
Gimbel
1,800
.
58
6%
-
\
Deo
27%
Sep
Time" Instrument
^Gillette
100
9,500
:
40%
,
•56%
6%
106%
26
38
166%
•
•
102
40
1023/8
1063/^
17%
166%
-41%
185%
Jan
5y8 Sep
22
Sep
Shoe
4\U1c
"
•
Jan
160%
138'- Sep
—_L
General Tire & Rubber
: 5,700
104 %
: 703/4
56 y»
.-26
43
•
-31%
r:k 102
333/4
.
50
Deo
100
'
25%
43%
25%
*55
:
!
34
•104%
17%
25 Va
73%"
14%
105%
'■>:
V
X 30 3/4
40
101
403/4
132
%
69
6%
5%
37
.
105%
%
14%
8%
& Utilities...—___10c
Refractories
—No par
4%%
3,100
*102%
:
58
,
102%
v
26%
6%
<6%
42%
*105
6%
.
33'A
44%
■
25%
J"
39%
33
106 >"
106
25%
>
-
25%
•55
/
106
25%
> 72%
'
56
>,
105%
/
17%
>•
?•:> 105
37 ■■■- 37 •
143/g
14%
<
-33%
17
>42
•127
323%
6%
14%'
106
132
.
; ' Gen
>
39%
*100
.102 ?>■
6'%
70%
v-
14
.
r
103
900
110
38%
*
32%'
•56%
•/-
6%
>
25%
6%
•105
*127
.
r>
-55
38%
'>'," 33
58
*6%
132
106
37%
.
*56 W
-
104 Vs
39%
"26%
..5
No par
Gen Steel Cast $6 preferred—No par
General
Telephone Corp.
.20
•
Deo
Jan
6
403/i Apr
30
3% Sep
Realty
General
•
2,100
Corp..
6%* preferred...
370
•
Utilities
.General
1,000
36
25%
...42 >
.102
69%
6%
'
56 %
32%
*1023/4
39%
33%
i»io2
■/.
27
.
39%
40 3/4
101
::: 41
/ 102 /
102
32%
106%
26
321%,
■£
'41%'
69%
..
.
105
>> 55%
>1
41%
c
6%
'
■'
•iop
•;
—39%
.♦103% 104 %■:
i
102'-'
1
101
32
39% 240
6% /
•127
J
•42%
102
k
57
6%
104
41
*103% 105'%.
•loo
32%
104
•
102%« ;>
*56
/•
31%
40%
103%
2.100
106%
Public
61%
8
>
Deo
24 V*
90% Aug
473/4 Aug
114
Sep 26
50
Sep 24
125% Sep 12
10c
Deo
49
8
16y8 Sep
No par22
Sep
80%
109%
Feb
common--No par
Equip Corp
Service
Railway Signal
Gen
•
-
Adv
Public
Gen
6,000
:-31
*106%
39 -,.4
Outdoor
Precision
:,f
5%'
23
31
•'
Gen
Jan
Jan
Apr
..
Deo
58
Apr 29.
28% Apr 27
16% Apr
9
x,'.*42% Sep 10
100
Deo
Apr
52
-No par
14%
58
Jan
182
Corp___._____.__10
Gen
142
:
preferred...
conv
Deo
Jan
Nov
12%
3
Jun
28 3/4
7%
16% Mar
1043/4
20
42
29% Nov
51%
200
9
19
1283/4 Sep
19% Nov
Apr
1
26
100
Jan
14%
14
Oct
No par
Motors
1,600
.1,400
No par
....—1
preferred
$5
1,700
:
Corp
Dec
22
163% Sep
37y2 Sep
28
Deo
10%
Jan
:
100
..No par
common...
213/aJuly
I per share
Highest
Lowest
I per
share
tper share
H
STOCK
5
/
/
•34%
-
36%
*35%
'
EXCHANGE
17
CLOSED
17
104 /
'•
104
*106%
22
.
X39
156
9%
*i02y2
104
v
•106%
;>
22%
156 />.'••
-V
38
■/.V
38%
95/8
9%
101 y2
8%
7 '••«/;••' 7%
7 ■/
31%
33 %
333/4
'
r.
9%
r*103%
72
.7'*183
'
•'
104
»,
.
•54%
*133
£
80%
25 ..•••:
..
27
25%
♦23
25%
*23
38 y4
;
383/4
15%
.
.--29%
/
25%
26
"
223/4:
'
19%
83
38%
26
26%
38%
373/4
15
51%
•■'•,
6%
163/4
6%
'
15
35 y2
16%
17
30%
57/8
For footnotes
see
15
-
•
*35%
.
313/4
6
page
31
6
1739.
6%
30%
.
,
6%
104
80%
34%
*80 y8
17%
31
6y2
16%
/
*31
33%
6%
30%
104
*30
♦103y4
81
81
"17%
16%
31
1,600
104
:
823/4
31
333/8
7,400
31
34%
100
1,200
163/4
32
34-%
500
3,400
6%
6 >4
153/8
15%
15%
*14%
35
343/4
35%
34y8
343/4
16%
17,%
iey4'
16%
30
31%
16%> .17%"
30%
30%
30
30%
3,000
6%
22,200
6%
7
6%
7
6%
9%
28
6
* 31
Sep
6%
800
16
•
600
$2.25
184
Jan
.
3%%
18y8 Sep
76
132
Jan
,
Oil
Hudson
5%
&
,' t
i
9,600
Hudson'Motor
Hunt
Bay
13% Sep
48
Sep
27
102
Sep
Sep
100
Foods
Hupp^otor
78%i Sep
No par
15y4 Sep
25
Inc
Car Corp..
Dec
14
Nov
Dec
16 3/4 Dec
104 ya
—__
5% Sep
'-—-No par
6.66%
—1
',
Apr
9
47
July 19
60% Feb
5
12% Jan 25
25
Jan 17
23
'45% May 17;
* 33
>
1
8ep 19
15% Sep 24
28'
Sep
24
5y4 Sep 24
Jan
Deo
103%
Dec
92 y4
Nov
Aug
39% Deo
189
138
July
Feb
90
Nov
Feb
138
Dec
21%
Aug
32
25
:•
Feb
72
Jan
333/4 Nov
23y4 Jan
17
Jan
17%
Jan
42
Jan
16%
Jan
55% Oct
25
Aug
102
32 ya
Dec
Deo
Sep
26% Nov
35Nov
60%
Jun
25% Dec
Nov
63
29%
Dec
109 y4 July
Nov
66% Jan
87 ya
12%
Jan
23%
Dec
34%
Jan
54
Dec
2
Jan
10
Jan
26% Aug
34% Mar 25
"
35
Deo
4
May 22
3Q
19
12y2 Sep
100
.100
37yaJun
>40
19
19
>31% Sep
,
14
123
Jan
'
19
Sep
30
1
Min & Sm Ltd_T__No par
Car.i
2
21
May 13
May 31
Apr
6
May
34y4MaylO
36
Jan 11
.19 > 283A Feb
6
4
52% Apr 22
10
35% Jun 26
23
111% Jun 20:
23
95
Apr 24
—5-
preferred.
43 V*
'
130
3
24
t C—
Manhattan
non-cum
Hud
106
11
19
Apr
22% Jan
9
Apr
20
——
Co.
Jan
Deo
Apr
17
139
Sep
347/8 Sep
22
-No par
com
Houston
3,200
38% Jan
72 y4 Apr
.
28
24y8Sep
12.50
v
170
71%
7
243A Sep
—50
Texas
192 > Aug
Sep 11
Sep 26 k
No par-
com...
Corp
Oct
5
preferred
Light & Power Co
of
Jan
5
...
Houston
Howe Sound
20%
100 y4
'
No par
new
;
Mining..
Howard Stores
May 23
51
146%
22% Sep
9 > 39%
30
Sep 24
x43
21% Sep 11 v 41%
—5
Jan
Mar
1093/i Mar 26
90
Jan
2
10
10
No par
(A)
Finance
>
15
46 y2 8ep
130
No par
preferred
Household
9
103
Sep 16
>71 ; Sep 26
100
(Del)
Sons
'
';
16
'
35
*14%
<
30%
104
34%
*6
15
353/a
31
Houdaille-Hershey
700
16%,
-
16%/ 17
30%'
Homestake
2,800
31
35
*6%-
14
35
.<
17%
31
-
2,600
&
Jan
Oct
155
Dec
18
Paper Co.——.10
1
E) The..
37%
Hollander
143/4
30
16% Jan
No par
!
Apr
7%
98
>
29%
Oct
x30
16
24
110y4
Jan
152
343/4 Sep
Dauch
Holly Sugar Corp
16% Jan
106% Jan
>
Apr 25
121
Dec
18%
343/4 May 28
170
Aug 21
60% May 29
>15% Jan
100
conv
Holland Furnace
105 ;
1
—No par
1,600
103% Aug
13
4
25
Powder
(C
•>
27
-
11
24
100
preferred—
Motors—:
'
Co
Apr
109% Apr
8% Oct
non-cum
1,300
25%
51%
37
$4
Dec
6'A Sep
<
preferred—..
Hershey Chocolate
Nov
27%
30% Oct
—15
—
W)
43%
Jan
25
preferred
(G
23%
143/4
80
35
23%
51%
♦103
-
*23
24%
51%
30
Co
33,4%
Helme
1
Jan
15 y4
33
119
37
Feb 26
9% Sep 26
99
Jun
20%
—2
...
Hires
15%
81
Hecht
,
1
19
39
1
8
24
,
3
Sep
Jan
Aug
26% Jan
40Vs May 13
.
16
20% Sep
100
Co.....
200
51%
1C4
Corp
Hinde &
14%
30
Mfg
400
26%
26
Hayes
800
26%
23%
Hayes
Hazel-Atlas Glass
Oct
153
Marx..—10
25%
26 y4
26%
*23
&
preferred (modified)
Industries Inc..
preferred
Hewitt-Robins
Inc
110
15 J/8
*80
•
200
:
:
Schaffner
Corp of Amer class A—
132%
\
103
105% Jan
pfd—No par
5%
25
>
$4.25
4Va%
Hercules
24%
24%
Hart,
Hat
Hercules
31
26
6%
1,300
>*30%
26%
Co
132%
;
5
No par
Refrac—_No par
preferred——...
;
—100
2,900
83
35% Sep 25
16y4Sep 24
18
Sep 10
^.25
;
new^_./__
Co
preferred......____100
(M A)
193/4
32%
26%
conv
56%
136
31%
*25
4%
Co
Watch
Harbison-Walk
1%
52%
*103
17
188
*51%
15
51
32
*80
100
14%
15 y8
34%
4
19%
86
900
220
75
55%
132% 134
•
32 y4
1043/4
♦133
*81
1,800
37%
81
163/4
19%
55%
.
4,000
>
37 y8
104
34%
*183
31
38%
80
* *31
.
> 188
v
*71
136
28
23%
X32
*102
4,400
6%
30%
333/4
20
93/4
63/4
>
:•:> 200
103
93/4
7
40
2,200
9%
v
25%
*25
*23
•
75
19%
32
23
*9
9%
/.
38
373/4
♦101
26%
*30%
26
383/4
>
Water.'*
Printing
Hanna
*25%
28
25%
154%
340
1,500
26
31%
51
29 Vs
,
154%
104
-
*55%
133%
:
21%
*133
83
>132
*103
1
*71
54
1033/4
106%
21 y4
31%
104
*183
136
83
133'
31
33%
:;
19%
54
1033/4
•106%
102
9%
6%
73 ■/„
*133
'
25
313/4
227/a
♦50
s
*25
22%
--
53%
25
v.
■
V.
188
Hamilton
9%
101%
33%
104
t
*183
'
>136
•80
33
*71
19%
*131%
25
>*32%
104
53%
80 %
33
.
333/8
75';
*133
r,
9%
1,100
193/4
156%
*9
-
7Va
31%
19%
134
*25
-
4
136
8%
7%
31"%
193/4
•'
104
38%
9%
•:
1,000
Hall
-
383/4
101%
,■••:
♦183 ..•:/ 188
56 V*
;
n *130%
-
.?■;
20%
•.
>
*154ya
7%
104
*71
»•:.
i„188
19%-
:
.
*103%
.72
;
*993/4
Hackensack
17%
20
/
.
36%
♦17
*106% 108%
22
22%
223/4.
31%
,,
31%
33
5,4 *0\'V.
>
103
t:
> *34%
17%
:> 20%
156
38%
-
9 %
*993/4
156
36%
17
-
108%
223/4
'
!'
20%
108%
101%
'/■■■ 31 %
193/4
104
*153
9%
*34%
•
22%
39%
9%
'
36
173/4
20%
104
:
,>*993/4
*34%
W:n%
'
♦106%
108%
22
*153 /
-•
:
18
193/4
*19% -20%
t
36%
17%
,
12%
71% Apr
14% Apr
;
,
"
Jan
Jan
16
29
Sep 30
x35ya Sep 24 V
No par
Co...
2
15
108
> 79
...50
Inc...—
Mills
3% %
14% Sep
8% Sep
No par
preferred
preferred
2,100 ;> Gen
;
Gen
34,900
157/»
•
2nd
Foods
'General
800
;
28%
35%
103%
101/ /
101
r-
42%
39 3/4
:••>
32%' *
1043/4
41 y4
>*102
£
>
V
,
3%
105
;
-•26y8 -263/4
200
173/4
5%
36%
5 %
36,800
-253/4
23
^_.__JVo par
5
Corp
Electric
General
> 80
•>>>.
3
Sep 11
10% Sep
4
180
Oct
1
preferred—'..—.100
Cigar
•General
1,300
v
52%
126
15%
107
•
>
>>»■■
24
>■'•'
6%
4%
1413/4 May 28
48
5
preferred.....
6,600
.
14%*Sep
106% Sep
5
Corp
'
118
*135
S
*,
103%
>;>■;
7%
28
•
32%"
J
36%
■
•
•'•
23%
-•
107
106%
General
3%
5%
>
23%
'
:> 26 % :• 26%"
142
5%
-•
•
32%
106%
> 37 •■;•
36%
*135
53/4
23%-
22%
32%
V; 363/4 ;
142
*135
5-%
22%
General
17%
17%
r
1,100
25%
-•'/•
-
17%
J.
36%;:.
27%*:,
J- 27%
v
'"/I.
>:>
107
/
i
173/4
26
3%
*135
conv
•>..
'
52
3%
5 % •'
4%
44%
1253/4
33/4
;
440
1,000
50
3%
•32%.:
36 ■
17y0
24%
>.
;
:>■■;>
130
127%
Bronze
Cable
1st
50
53% >
■
17%
23%'-
32%
105
;
•
52%
♦126
24%
General
.:•
...
28 y«
> *114%
118
4 ■'"/>
'
:/
53%
1 128
preferred..
■General
4 %
*129
130 •'-;■■■•
*114%
17%
4
> 142
5% >
-22%
52%
$8
1,600
383/4 ; '24,900
433/a
50% >;
;130
118
25%
'
>
130
128
1263/4
443/4
>:•■:• 50%
50
-
'
*114%
General
164
38
■;>> 16% •17%
> 30
;•; 30//'/
17%
29%
48
*129
-
37%
*160
„
39%
44
453%
.
793/4
1
100
Transportation.
Baking
Highest
S per share
5
Jan
29% Jan
,
v
t pet share
17
May 29
67% May 29
26% Jan 15
19
8
Investors
preferred
26
9
Jan
Amer
-
38%
78
Amer
.,.8,400
;
24
15y8 Sep
Corp1.66%
preferred
—.50
Lowest
: >
21
Apr
223/4 Jun
Sep 24
conv
'
9%
28%
164
;
10
15
9%
37
28%
♦160
•
Gen
3,700
79
;■ •• ■:
.
37%
28
r-
39%
45
79
''■■>:
93% Sep
1
15% May 28
liy8Jan 29
10
43
50
>
>
10
15% Sep
17
Sep
Container
$4.50
186
143AX
9%
•
Gen
3,100
ny2
♦180
15
9%
79%
,
186
15
->•
5,400
54%
113/8
11%
*180
186
15%
;
>
113/B
Gaylord
107
preferred/......^
conv
5%%
54
'
4y2%
2,500
16
♦103
54%
20
—
Co.—
.No par
Industries Inc__.._l.._l
Wood
Gar
500
107
15%
110
54
preferred
Year 1940
Highest
$ per share
7VaSep 20
18% Sep 23
10V2 Sep 24
por
9,300
:
16%
*90
16%
♦103
54%
16%
107
-
16
110
11
48%
3% >.
18
6%
1,300
46%
•;
24 3/4
.
>19/
10%
17
16
>52%
19
46
:•/"- 17%
V
16%
'•
52
19
'
■■'■;•■:
10y8 Sep
1
Gardner-Denver
53
117
127%- '>.126%
(•
common....—1
.
(Robert)
700
130
523/4!" >"■■
.:
52
-
y.-.'/ivf
Inc
18 %
19
'
>■:
Co
(The)
V
tpershare ;
Galvin Mfg Corp—__.3
Gamewell
Co
(The)
__.No
45%
130
Gair
7,800
Co
100
39% ' *
*114
114
Gabriel
700
5,400
164"
♦46
:>» • 128% 1283/4
?' -•'•*•
;
,
19%
36%
44%
4
11% ,: 12
7% : 73/4
11%
♦180
29
7%
11%
79%"
38%
12%
7%
*18%
*100
9%
•*160
1
39%
43%
Par-
"J
11%
15%
28%
164
38%
>;! :l"
19%
18%
*103
36%
.
*11%
7%
4
''
'
79%
■':
■*?'. ;
Shares
Lowest
11%
180
,
A
12
..
%
1
■
Range Since January 1
*18%
11%
93/4
•
30
-
ifauure for Prerlous
STOCK
19%
*18 %*;19
52%
15
v
10
37%
29
'
YORK
EXCHANGE
11%
16%
180
79
37
.
I per share
NEW
19 %
110
11 Ve
15%
'
93/4
'•
16
52
186
15%
107
*100
.
11%
79
:
,
the Week
19%
10%,
47Va
17 : '•! "•
•
•
♦95
52
♦180
I
10
17
108
11 Ya
Sales for
Oct. 4
i per share
*19
18%
*45
107
16
>>
18%
17%
51%
Friday
',.•11%
11%
19%
48
*44
:
7
;
11
19%
18%
♦100
."7 '
.12
•••
'
•*95
/
19
11%
9%
'
19
19%'
-17
^
Oct. 3
G >'■.■;-/J','
11%.
7%
18%
17%
STOCKS
Thursday
$ per share
11%
10%
PBICEB
Wednesday
i per share
1:>U.
COMMERCIAL & FINANCIAL CHRONICLE"
Oct. 2
11%
*18%
•
BALK
;
,
7% >•• 7%
19
i8%
»•.
:
HIGH
Oct. 1
I per share
EXCHANGE
AND
Tuesday
Sept. 30
hilt
14 y4
Jan
49% Jun
3
110% Jun 24
~3%
Jan
8y4 Dec
23 y4
Jun
36% Deo
34
May
9%
Dec
I
•-
■
-«
'
.
}
1
'■
-A
'
LOW AND HIGH SALE PRICES
Monday
Saturday
t per «7iar«
STOCK
1
36
22%
22
47
45%
46%
45
*88
93
88
88
17
16%
17
36
36
21%
CLOSED
22%
16%
'7%
^
6%
7%
X27''
42
41'/a
45
:
XVs
=■122
183
v.." "7%
*88
93
16%
7%
5,500
'7%
26%
27%
26%
27'
12%
12"
12%
3,400
43
42%
43
36%
38
"38
42%
42
.
183 \
*180
,
i
14%
14%
14%
15%
7%
*7%
8 '
*71/2
7%
"71/2
7%
*7%
40%
40%
40%
39%
15
V
40
39%
106%
•
39%
40%
39%
1051/4
106%
1061/2
'"
105
106
106
6%
6%
l
30
303/8
31
*92
95
185
184%
;
.
"-7%
*
8
30%
,
95
5ya
31
95
-
5%
53/8
"7%
•;
v
30% /
95 ya
29%
//,:■
*92
*92
96%
*134
••
41%
42% '
41%
30%
29%
303/a
134 Va
134%
.
42
'v/::'
108 3/4
107%
98
98%
97%
97% '
143/4
.
10
973/4
108%
103
>
*14 %
14%
108
14%
/>
*107 -V 108
109
38
46
46 %
*34
18
283/4
17%
.
43
18%
19%
19%
19%
29%
29%
"
23%
*22%
44
;■
44%
45
158 v".
*148
*148
11%
49%
A
11%
11%
V
104%
104%'
50
*111
50
'
50
♦111' A
112%
124
129 V
122 %
123
123%
125
•
120
120
120
120
*119%
125
/'
50
*109
111%
*120
:
50
50%
150
v.
*109
11%
119%
1,800"
'
49%
"
119%
♦47%
*109
111%
*109
111%
*120
150
*120
150
49
.
230
.122%
50'
50
■
104
*111
.150%
'.
Island Creek
& 49
%111%
*120
i
Intertype
122
123
*119%
50
*48
50
—
1,900
112%
109 V*
*120
123.
10
109 Vi
150
35%
,
'
37
36%
100
35%
36%
100
20%
100 1
37%
r<
*99%
20%
20%
20%
20%
20%
20
21
21
21
35%
*100
100%
20
20 5%
20%
*119%
iv?-19,400
36%
100%
100 %
37%
36%
100
(F L)
Jacobs
Manville
Johns
Jones & Laughlin
57c
200
serieg
pref
3,700
20%
20%
1,700
121
'118%
Dec
Mar
116
41% July
57
Feb
Dec
Dec
45% Dec
18%
Jan
33
187/e
Jan
33 yB
,.17%
Jan
41%
1
•
30
49% Jan
79
1
42 % Aug
13
39
31% Feb
31% Feb
2 '
2
Sep
4
50
4
Sep
lo
Apr
34% July
Mar
6
50
Aug
3
1
Jan
3
163
Jun
28
10% Sep
20
24% Jan
/
108
•
30%
Oct
46
Dec
Jan
152
Oct
Jan
22% De©
19% Nov
!•'.
V
'
JL~
109% Aug-
com_i_No par
116
Sep
19 *
167% Apr
9
101Jf. Jan
ii_-Ll______-100
111
Sep
9
118y# Aug
Sep
11
23
15?
,46
31
Jan
137% Dec
61 )•! Not
Sep
116 /
May 28;
115% Feb-15
Mar 20
150 '
24
99
Sep
4
19% Sep 24
114% May
145
Not
109
109
Steel—No par
Ai____
100
Feb
90
25
53% Feb
2.
34
•
/
May 22
Apr
Jan
27%
46% Not
Dec
105
Mar
79
30% May
19%
Jan
20
Jan
117
Jan
22
Deo
Dec
140/
Jan ;
»
;
108
Not:
47
34% Jan
May 31
Apr
63
140
33% Sep
Dec
Dec
Dec
Aug
36 i
145
July 16
-
•
19%
17
103% Sep
45% Sep
—1
Kalamazoo
July
59% May 29
114% July 31
joy Mfg. Co
21
Deo
24
10
fl.
108% Apr 15
Corp
— 3%'fy" preferred
20%
123
Mar
.'~9%
70% July 19"
60% Aug
40
/.Johnson & Johnson /_ill_____12%T
4% 2nd prefered ser A__^_—100
Joliet & Chicago RR stamped__100
19%
v
125
:
24
148
Co___—
Dec
Dec
48% Dec
p84% Jan
Aug 14
26% May 9
21
Coal.'_4r"----.->-----'-l •
/Jersey Cent Pw & Lt
600
700
'___
Corp
16
141
Jan
19%
*
Sep 18
16% Sep 19
_1__1
4% pfd___10O
f Jewel Tea Co IncNo par'
,/~i '4%% preferred
^-100
/
2,000
.•
132% Apr
129
Nov
Dec
113
'
16
—No par
No par
___No par
$6 preferred-
•-
v
'
*99i/4
Stores.,
700
A
50
-
2,100
ctfs'j.
Dept
6
16
28 ^
Teleg_i_—No par
&
share
600
124
*111
Telep
Foreign
447/a
112%
*49%
-v
112%
*11%
104 '
11%
104%
Intern'l
Feb
44
Sep 19
38% July 30
—25
——25
99
..,75% Jan
53% Apr
148
1
19
106% Sep 20
97% Sep 23
No par
new.
preferred
Interstate
'
Aug
36% Sep
1°/o
)
39%
18
2,400
•
11%
Jan
Feb
38% Sep
'
158
Jan
28%
9
11
23%'/:':
♦148
5 ye
5
52% Sep
64,400
: •
5
101% Sep
Silver
19
27
42% Feb
No par
Shoe
28%
Aug
'11% Feb
101
•' Sep
Dec
4
17
Oct
13
34% Dec
17
193
10
Sep
133 r
13% Nov
Jan
3
45
5
100
100% Dec
Jan
2%
.
Jun
9
29% Sep
Co__„
Salt
:<- 'ir-P
183/4
19
Sep
95
.100
,
International
44%
158
11%
l—s;_l_
International
43.
'//: *23
6% Sep
15% Apr 22
27 "
Mining Corp„1
Canada—i
No par
International
100
74% Mar
178% Jan
13
11
_5
14% Dec
6
Jun
600
28
45
104
470
Jun
250
30
Apr
'
J
Jan
195
12 y8
'
2
102
1,100
18%
p^r
Oct
Dec
109%
87/a Mar
May 23
13% Feb 16"
20% Feb
Jan
6% Mar
112
'
-i
202
38%
*18%
23%
104%
Aug
9
6% Sep 12
10% Sep 24
4
.471/2
-
*34
;
Jan
Jan
18
47'
19%.
8%
37%
,
Oct
38%
.29
28%
23
-
19%
18%
18%
/
104%
104
112%
*34
18%
158
11%
;;
48%
48%
•111
;
*148
12
11%
43
29%
42
104 ?: 104
46%
3
w._15
V- 5% conv preferred __—100
$4 preferred ——
No par
Inter Rys of Cent Am
__No par
5%
preferred —;
.
100
1,100
19% Dec
10 V* Dec
57
Nov
11% Mar
6
May 28
59
Sep
Paper
Jun
22% Feb
25
of
Dec
174
11% May
74
preferred
140
Feb
^'
183
&
Jan
'
3
No par
Min
34% Dec
Jan
166
Aug 21
443/8 Jun
No par
Preferred
3,200
58
*54%
'38%
*44%
42 ' Z-
23
158
*373/4
46
23%
29
23%
43
*148
r
57
38%
*34%
.
18%;..
18
29%
23%
•
V
57
57%
37%
46
•
43 '
;
//.
110%
*54%
'>
45%
'■'»
*34
i8y4
*42%
38
-
45%
43 '
17%
.
38
%••;/■
18
57 3/4
*54 y2
57%
38%
15%.
110%
:
*54
98%
-7*14%
15
110
108
...
*97
190
19
105
Jun
104%
11
-
19
•
Dec
38;.
3
151% Jun
117
Sep
3
168% Mar 22
33% Sep
Jun
4
__100
International
17,600
6,300
108 y«'
f
98
97%
14%
14%
110 '
1101/4
■
••
54
92
,•/.
19%
,36 / 'May 2o
22% Jan 18
10
Sep-
10
Chem
Nickel
Sep
Machine
International
Int
;
36
7% Sep
Hydro-Elec Sys class A
4%
100
1,800
30%
30
431/4
42%
Z,:. 107%
427/8
■?/'
/.
23
•
Diec
84
28
Harvester
International
.
72% Jan
18%* Jan
16
37% Sep
No
Business
Int
♦134% 136
43%
'42%
136
*134%
108 ya
97%
143/4
;
107%
42
108 y4
108
r
Rubber
3,400
,
16 % Jan
Jan
Jan.,
"13% Sep 19
Preferred
.
28
11% Sep 20
1
19%
47%
>
1
Iron
International
V 26,700
30%
30
134%
29%
30%
136%
: /
5%
%
3,700
7% V
30
5 %•/.
*5%
53/a
.210
.."-7%
29%
■
Int'l
800
9,200
185%
185%
185%.
•: 7%.
185%
' »;'•
5,400
74%
74
76%
75%
4 %
•
Interlake
99% Apr
37% Jan
16
,
20
Stfs Inc.'
Corp
preferred __1—_
Intercont'l
600
215
*
♦134
:
11%
11
213
213
213
763/4
»
95
31
*92
53/4
5%
30%
.
80
-
6%
6%
■
11%
11%
11%
214«/a
76
7%
7%
8ya
7%
11%
214ya
186 "
6%
*6%
6%
6%
Sep 23
Sep 24
40% Deo
44"i De6
Jan
29 Va
15 "
14
»
No par
—100
—No par
;Interchemical
'
76%
184%
186%
*184'/2
•
r
211
75%
77%
'
11%
211
211
75%
7
11%
11%
11%
211
6%
•
Insuranshares
85
63/4 Sep 19
No par
new__
45% Jan
24
S per share
I per share
44% Apr 23
11
24
p HlghClt
Lowest '
Jan
87
)
5
Co___
RR
Co
100
■
106%
*105
105
'
"
Steel
"1,400
'7%
40
•
1000
A—,
Inspiration Cons Copper
3,600
143/a
14%
15'
15
19
Sep
43% Sep
1—100
series
Terminal
Inland
4.500
'37%
36%
38%
37%
*7%
20
,
"
37%'
14 %
800
'
183
ctfs
J per share
31% Sep
/
t
-/Indianapolis Power & Lt___t.No par
Industria Electrica De Mex, S A___v_
Industrial Rayftn
_j.„__1
Ingersoll-Rand
_No par
6 % preferred
_____100
'2,500
122%
122
124
123%
*180
20
Co>iiilc:->iil00
4 %
lines
Stk
RR
;
Illinois
'2,700
12 '
;
Highest
J per share
series A———100
<
Yfcar 1945
Lowest
—_
RR
preferred
Leased
540
36%
36%
6%
-10
*16
Co
Central
Illinois
'
'7%
123
•
.'"Idaho Power
3
"1,000
93'
18%
183
*180
•
10,300
16%
.-*88 "
7%
'42%
183
44%
12%
/
123 '
124
186
22
44%
271/4
.7%
42
125
20%
17.%
12
*183
225/s
44%" 44%
93
.
27
*122
36%
21%
Range for Previous
,
Range Since January 1
....-.v.
Par
1,300
36%
y.
'
.,
STOCK
EXCHANGE
Shares
t per share
■r
"
23
:
17%
11%
11%
41
12V4
*88
/
27%
*27
27%
11%
the Week
I per share,
_;*35% ' 36%
35%
215%
*45%
EXCHANGE
STOCKS
•
..
NEW YORK
Sales for
Oct. 4
Oct. 2
t per share
Friday
Oct. 3
Oct. 1
I per share
Sept. 30
Sept. 28
$ per share
Thursday
Wednesday
Tuesday
3j'
Monday, October 7, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1734
j'i.'i; ^ "<
;'A .v
.
^%U *,Vtf
'V?S
K
W21
22% '
121 V
♦118%
:
22
22
22%
22%
22%
*46%
48
47
47
15%
48
16
15%
15%/
16%
16
22%
'
23%
14%
21
,
14%
45
46
*40
253/4
29
29%
1003/s
37%
50
23
'
47
15%
21%
21%
: t-
',V
485/8
46
21%
2,600
*13%
14
45%
46
14,800
43%
*41%
43%
14
253/4
253/4
25%
25%
19
19%
19%
19
20
900
87%
86%
86%
120
29% !
46
100
100
/
*86%
'■
89
29 Va
',/•
295/8
29 %
29
99%
100 it. 100%
3,300
2,400
810
100
'
46%
.
LOW
Saturday
Monday
• pe»
STOCK
5%
36 3/4
37
36%
36%
3,100
*48%
493A
49
49%
1,700
47%
49%
473A
49%
47%
47 :
47
1,500
SALE
HIGH
Tuesday
47
Class
B
Friday
Oct. 2
I per share
Oct. 3
?
the Week
2
19
Jun 10
26% Feb
4:
13
Sep
19
34% Jan 29
30
Jan
9
Sep
19
60% Apr
3
7:55
24% Sep 20
15% Feb 26
32% Jan
30
May 27
30% Aug
'
Mar
Jan
34
31% Dec
Jan
13
'•
31% Dec
124
67
V.
-••
*
Deo
.
..
22%
Jan
18% Jan
35% Dec
35%
Jan
51
Dec
227/e Mar
35
Nov
19
Nov
31
Dec
23
Jan
8%
.29
Jun
3
83% Sep
24
100
Aug
5
72 % May
96% Dec
27% Sep
24
46
Jun
3
28
Aug
40% Dec
101
Sep
30
'
-
99% Oct
4"
33 % Jan
7
•
:
45% May
3
-
,
.
Mar
35% Nov
X49y« Nov
Jan
26
60% Oct
Sep
10
62% May 17
35% July
44% Jan
3
65% May 22
37
43
P
■
• per share
;
Range for
—■
■ ry: —y-' ,/
Rang© Sine© January 1
Highest
Lowest
STOCKS
Shares
I per share
$ per share
67
19
41
Copper
7
40%Jun
NEW YORK STOCK
EXCHANGE
':
11
Sep 24
19% Sep
No par
Keystone Steel & Wire Co—No par
Kimberly-Clark Corp new___No par
Kinney (G R) Co_^
——1
$5 prior preferred
No par
Koppers Co Inc——
-10
Cum pfd 4%
series—
—100
Kresge (S S) Co—
—10
Kress
(S H) & Co
—No par
Kroger Co (The)
—No pan
Balps for
Oct. 4
Thursday
3
Sep
15% Oct
I
—
' May 31
19
& Co_————5
Kelsey Hayes Wh'l conv cl A_____1:
Kennecott
36
122% Jan
45
(Julius)
P—■
PRICES
Oct. 1
share
' V/
Wednesday
tper share
Sept. 30
Sept. 28
t per share
AND
37%/'
37
non-cum
Kayser
1,000
46%
%
25
28%
>•
497/a
47
21 Vb
4 7o
800
4,300
87%
37'
50%
/
15%
18%
293/8
101
37
15%
Furn
City P & L pf ser B
Kansas
City Southern..
-
*41%"
43%
25
18%
100
14
45
*42
.
.
14 1 ■/.'
46%
:
3,100
47
47
47
15%
14
21%
20 7 Oct
1
117% May 21
—10
No par
No par
preferred——100
&
Stove
Kan
121%:
21%
22%
22%
-
21%
21%
/'
»
89%
283/4
101 /
36%
Z25
89%
,
45%
43%
*17
.
i'V
14%
25
/
/■
19
89
'
•
46
*41
25% :
88
//
22
:
14
45%
43%
*17
/
X
^*118% 121
121
*118%
•
*45
:
Year
Lowest
6 per
I per share
>
share
Previous
1945
Highest
i per share
L
CLOSED
...
44
44
EXCHANGE
6%
17%
*55
/
173/4
6ya
•
44
/
17%
70
52%
6
*55
52%
44%
44%
173/4
17%
70
513/4
6%-
6
*55
513/4
44%
17%
69
51
;
.
44%
173/4
*55
513/a
57/a
:•)
51%
45.
A
18
6%
8,600
Laclede
44%
6* A.
44%'
1,400
Lambert
17%
17%
*55
70
51%
2,100
1,300
51
"
12%
12 3/8
12 y0
12%
12%
12%
123/s
12 5/a
12%
39%
40%
40 y2
41
41
41 3/4
41 %
41%
41
7%
7%
7%
7%
7%
7%
73/3 '•7%
2%
3
2%
2%
2%
3
2%
*25
50
*25
20%
20
21%
7%
..
7%
45%
45
4%
26 1
*25
50
:
7%
'
•
'
>
'
■
19%
7%
19
73/8
46%
453/4
25%
*243/4
28%
50 '
28%
283A
28%
283/4
50
51
50%
51
28 VA
50
11
10%
31
*30
83
83
83
85
85
195
453/4
25
C 2,500
7%
>
3,200
41%
*20
20
45%
28%
195
7%
20
*24%
50%
843/4
7%
25%
*30
'1
50
*25
19%
45%.
28%
""
50
*25
7%
12%
7%
2%
25%'
'
49 V*
10%
7.
20%
3
3,400
2'%
4,600
50
67/a
$3
50c
Lehman
45%
200
24%-
>28%
28 3/4
50
50 3/4
7,000
10,500
11%
10%
10%
103/4
11
10%
10%
303/4
29%
30
*29%
30
30
84%
84%
85
85
2,000
30
85
•-
83
*82:
85%
85
195
195
•42
*38
1,900
'
'
85%
85%
195%
193
41%
*38
-
87
85%
193
194
42%
42%
483/4
49 y2
47
47 '
37
37%
Liggett
24%
.
Lily Tulip'Cup
49%
47%
47"%
2,200
Lima
47-
47%
47%
47%
48%
47
47%',
1,000
Link
38%
37%
38
37%
38%
37%
38%
5,200
Lion Oil Refining
25
27
26%
27
25%
26
107
107
*106%
108
*106%
118
293/4
29%
293/4
29%
29%
29
27%
28
27 y4
273/4
27%
27%
27%
70%
71%
70 y8
70%
70%
72%
21%
213/4
21 y4
213/4
21"
21%
•
73
25%
25%
*106%
110%
100
29%
28%
28 3/4
7,800
273/4
27
73%
2,700
23,900
273/4
21
22
184
20%
*181
26%
26%
48%
50%
25
25%
103
*25%
21%
184 1
20%
21%
184
*181
*20%
20%
*181
21
.
21%
184
733/4
2,200
Lone
1,200
20%
6,500
101%
15%
15%
1,300
*33%
333/4
300
101%
*100
103
101%
16
15%
33%
34
33%
*1533/4
162
*153%
50
51
49%
503/4
43 3/8
44
43%
43%
103
16%
16
*101%
16%
16
Gas
Lowenstein
101%
26V4
preferred
Louisville
16
49%
25%
7%
3.000
103
49
26%
Star
3,900
49%
50%
-No par
Cement Corp——No par
Louisville
48%
255/8
49%
:
26%
>
60
:
4y2^
Lukens
—'—
—100
& El A—-—No par
Nashville—50
& Sons Inc—
1
cum pfd series A
100
Steel Co—J——.——10
&
(M)
©-
/
110%
*108
*108%
333/4
162
110
*33%
*153%
333/4
162
*33%
*1533/4
333/4
162
*153%
51%
50%
51%
50
44
44
43%
44.
43
110
*106%
>
67o
162
.
*106%
109%
14%
14%
14%.
143/4
14 %
14%
14»
14%
1\700
18%
18%
18%
18
18%
17%
173/4
2,100
17%
17%
17 Vb
17%
17
17
16%
17%
*16V4
16%
3,200
1739.
\
Inc
No par
(R H) Co Inc
-No par
4%%
pfd series A——100
Madison Square Garden new.No par
18%
108
Trucks
—100
Mack
14
page
preferred —.!—
4Macy
Copper.——__———10
Magnavox Co
(The)
—-1
Magma
I
84%
187.
40
46%
44V2
Sep 30
Sep 30
Sep 24
Sep 10
Sep 23
Sep 20
27% Feb 26
24% Sep 30
104/a Sep 24
26% Sep
26% Sep
64
Jan
9
3
3
18% Sep 19
20y» Sep 17
179
Oct 4
24 A Sep 11
47^ Sep 24
24 A Sep 24
101% Oct 1
14
Sep 23
9% Jan 24
May 29
68
20% £}ep
17% Jan
28
55% May 23
17% Jan
28
5% Jan
15
64
32
Sep 11
154 % Jan 5
45
Sep 23
41% Sep 24
108% Aug 26
12 y2 Sep 18
16'A Sep 20
14% Sep 19
4%
7%
Apr
31%
Jan
54%
Deo
48% Deo
13
102% Apr 22
82 V Apr
9
63% Dec
Oct
72"?
Oct
47
Jan
12
Jan
17%
Dec
29%
Jan
44
Dec
17%
Jun
5Va
6% Jan
2y8 Mar
35%
Dec
Deo
60
Jan
Apr
4
38% May
16
15 y» Apr
15
14
36%
Jan.
May 13
20%
Jan
65% Jun
33
44% May 14
74% Jan 28
15% Apr
64'/4
-
Dec
27 V*
Nov
Dec
17%
Jan
35 Va
61%
Jan
68
Nov
7%
Jan
13
Dec
33%
Dec
15
21
33
Deo;
'"May 23
78
Jan
100
24
78
Jan
1013/4
Oct
210% Mar 29
181
Jan
198
Dec
65% Apr
11
: 32
50
Dec
/ Jan
8
84 3/4
Dec
60
Dec
37% Jan
102
103% Jan
88
66
Feb
43% July
13
1
43% Jan 29
120
Aug
14
Apr
11
94
May 31
35
'Jun
31% Jan
197
.
Mar
47% Jan
41% Jan
19%
Jan
29% Jan
>
Oct
363/4
Dec
40
Nov
7
45% Jan
41
10
18
". Aug 28
32% Jan
17
72% Feb
6
43% May
9
14
19%
Jan
25% Aug
42y4
Dec
37%
Deo
Oct
50'
Jan
66%
15%
Jan
32%
Dec
Nov
Jan
X32ya
"
Jan
190
Dec
23%
Jan
31
NOV
Mar
68
Deo
13% Aug
20
Deo
18%
166
52 J
7
July
108
30% Jan
v.V/:'
——10
2,900
18%
see
Forbes
2,000
14
For footnotes
&
43%
18%
*109
m
.
MacAndrews
50%
50%
•
1
—t
Inc
600
26%
26
Corp——
Bell Lumber A—No par"
Lorillard ' (P)
Co—
——10
20
181
26
26%
15%
20%
179
26%
50%.
CO——-—No par
Long
*26
25 %
Loews
20%
26%
49 Va
■
Belt
Lockheed'Aircraft
71
*25%
263/4
Wks_——-No par
Co__uJ—-No par
Locomotive
Liquid Carbonic Corp—No par
3%% preferred
—
100
*20
"
*181
Corp——-'-No pat
41%
40%
38
25
83
_———-—100
Preferred
/
100
*38%
49%
29 Va
29 r Sep 12
25 .;:
L—__—
B'
49
41%
46% Sep 11
10% Sep 10
Tobacco./——^25
46%
.
109%
*106
& Myers
49%
•
—1
(The)
48
•
■ Sep 20
6"% Sep 24
42'/e Sep 24
23 f Sep 20
27 % Sep 4
19
Prod
Fink
Series
*
-
&
150
195
:•
6%,Sep 24
2% Sep 24
49% Jan :3
Corp—;———5
Lerner Stores Corp_____l—No par
Libbey Owens Ford Glass—No par
Libby McNeill & Libby
7
Life Savers Corp new—
—-5
4,100
86%
11 % Sep 19
34 V* Sep 20
2nd
non-cum
Corp
49 ^. Sep 10
—
pfd—No par
pfd
No par
1st
non-cum
Lehn
'
195
*39
300
16% Sep 24
61% Jan 5
—_—:——50
5'"
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement.;
—25
Lehigh Valley RR' V—_____——50
Lehigh Valley Coal—:
[.No par
Non-cum
preferred
50
2,300
.
-
38
No par
No par
preferred
2,300
7
"'24%
•:
Bryant
Lee Rubber & Tire L
3,400
19%
45 .'■<
Lane
5% Sep 19
Sep 19
4
Co
(The)
Co
4%%
70
493/4
Light
Gas
425/8 May 31
160 Jun 13
76% Jan 30
65 May 28
111% Apr 12
17 A July 11
30% May 28
17 A Sep 27
Jan
39
Dec
Jan
155
May
47%
Jan
72
31 y4
Jan
106%
Jan
110%
Mar
25%
28%
147
52
Dec
Dec
Nov
«...
i7
—
Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4531
.Volume 164
NEW YORK STOCK RECORD
LOW
Saturday
Monday
,
9 per share
*385
EXCHANGE
Thursday
Friday "
Oct. 3
Oct. 3
Oct. 4
t per share
*385
500
'
x9'%
93/a
16 %
.•"•••*153/4
*28 V2
;
9 Vst
*153/4
CLOSED
STOCKS
Wednesday
283/4
'33/4
•
.
PRICES
I per share
500
v
SALE
Oct. 1
I per share
STOCK
HIGH
Tuesday
Sept. 30
Sept. 28
AND
3%
"
*385
91/2
*271/2
x3%
9%
3%
*385
500'.'
\
93/i
93/4
16%
16%
28%
28%
28%
28%
3%
3%
3%
'7%:
73/4
73/4
Range Since Janoary 1
Lowest
Highest
Par
Mahoning Coal RR Co*
Manati Sugar Co
—V
93/4
16
Range for Preview*
YORK STOCK
EXCHANGE
3,500
16%
93/4
16%
.,*273/4
500
9%
NEW
,
Shares
tper share
share
*385
500
*16
16'/a
28 3/4
t per
Sales for
the Week
300
Mandel
200
Manhattan
28%
f per share
—50
520
1
__
Bros
8
;;.*12i/z
131/4
37
.38
*1091/2
37
17
17
#55%
29%
26%
*200
1051/4
4
Shirt
*109%
111%
*109%
38%
38%
37%
17
17
55%
55%
28%
263/4
553/4
28%
1
281/2
261/4
38%
1
26%
204
.
*200 >204
50%
501%
105
273/fl
204
•503/4
IO1/2
*1014 (U
10%
-46VB
*45
-46%
115
113
,113
461/a
*113
47%
27%
473/4
28
105%
1051/4
1: 26%
28
,«
473%
>'
106
105
96
10
273%
27%
27 %
28%
50%
49%
44 V
443/4
*104
*104
107%
23%
24
110
■
24
,'y
29
105
•
29%
••
29
50
>
24
24
26
2,600
McCrory
28%
47%
48%
43%
45'/4
105%
105 %
24%
23%
24
•
241/4
235/8
24
24%
21%
20%
*103%
24%
207/a
21%
20%
105
46
46
47%
451/4
*23%
.24%
20%
.105
105
,105
>,105
23%
23%
20%
48%
47%
i>
23%
107
♦46%
.
.
.463/4
48
23%
233/4
22%
23
23%,
23%
22
21%
22
213/4/
221/4
72%
73
73
>72%.
723/4
70
70%
223/4
213/4
22%
'•21%
22%
21% ". 213/4
20%
213/4
*40
*40
41%
59
60
*1011/4
103.
591/4
103
413/4
343/2
44
44
»*41 V!v
11%
12
52%:A
48 y2
10%
107%
73/4
8
>:;>• -22
*46'/a
14-
•
31-
14%
31
..
■'/?. 48
~
47%
48%'"
v
*31
-
49
48 3/8
—,
>:
125
32%
125
V".'"71%
72
•^71%4r72-.y( »>; 73;;>; '■"73
3%
723/4
72
■;
73%
22
22
22 %
>/4
*51
55
42
18%
*72 V*
19%
18%
40 %
.15
104%
18%
♦ 103
21%.
39
15%
v
*41
105
*15'/a
.
16
*39
.'
*
5
15%
353/4
35%
36%
109%
109%
11
43
43
*54'/4
11
60
»
*54'/4
Monday
Saturday
16
*104
15%
15%
STOCK ;.
v
CLOSED
154/4
28
29%
18%
■>;
\v /•'
19%
25 '
.
*23
>
24'%
11%
11%
36-%
•35%
16%
lf%
27 y2
35
16%
16%
20 %
22%
104%
*104
30%
30%
80
: 200
195
155
*153
153
8%
8%
.
~
22
.
43
,
23 "
43
82
•81
*27%
,
v
2
: '
60%
*27 y4
29
2%
V-
15%
•14%
221/4
21%
97% "J99%
*96%
98%
^-26
C27
.21%
26
.•26%
27%
>15
15 y8
16%
15%
103/4
*10%
;10%
21% '"21%
;>2i
•21%
*107
109 >
.28%
1057/a
•*•109
,
31%
283/4
-••■
•
2°%
20%
28%
•:
98'/a
;27 >"
:.
-107/8
J5%
i
10 %
Au-20%
*107
-
{28
*105 %
105%
*105%i;i05%
*109
112%
111y2 .111 Via
323/4
31
100
313/4
30%
-*97
32%
31%
100
21%
21%
,21%
21%
42
42
42%.
:42%
15%
16%
15%
15%
32%
33
33
•33%
33
303/4
'34
313%
*97
33
(33
.
87%
873/4
87'
88
18%
18%
18 s/8
18%
1739.
,::.26.%
;
••••
> -97''>.27
■
16
.16
93
91/4 Sep
Feb
35
>
431/4 Sep
1
19
Lines
Inc
._10
50 %
Corp__
Corp
No par
!
5
Co
42
6%
Jan
16% Jun
16%
Jan
49%
Jun
Apr
8
July 15
36
Jan
62%
Deo
Apr 22
25%
Jan
36
Deo
.47% Jan
76
Dec
Deo
24%
Deo
Deo
61
Deo
Mar
64
Deo
23
17
21
3
62
Jan
29
63%
56
Jan
15
41
"
34J/4 Jan.16
21% Jan
333/4 Deo
36
Sep 24
;20% Sep 20
34
Sep 18
23% Mar
32% Oct
May 31
663/4 May 29
14'A Sep
9
22'/4 Jun
11
109% Feb
10
35J/2 Oct
49
27
19
413/4 Oct
1
55
Sep
Deo
18%
Jan
Deo
109% Nov
97% Mar
27% Aug 24
1
<
>10J/a Sep
47'/4
Jan
9%
6
I.31/4 Sep
31%
13
102% Sep
108MrJun
Deo
Jan
May
8
114% Jan
22
109%
2
Jan
Jan
115
Jun
13
21%
Deo
55% Feb
25
20
15
48% NOV
52
Deo
Jun
11
63
66% Nov
70
7
Jan
Jan
Range for Previous
STOCK
Range Sinee January 1
Lowest
Highest
i
(;.!
Corp.
&
37
307/a Apr
30
17
1
i
124
Jan
104 y4 May 29
793/4 Aug 23
19
Sep
Jan
22 V*
57% Aug 21
10
Sep
Deo
109%
135V2 Jun
.
,211/4 Sep 24
50
No par
13% Deo
7% Mar
Mar 25
23 ®/8
10
& Co__
Oct
70
10
65'% Sep
.65% Sep
Oct
Deo
68%
45
27
111% Sep
75
26%
13
Aug
42% Mar
52
19
5
i____^_l_l,___
YORK
Feb
133/4 Sep
Mar
Deo
Mar
160
May 31
17% Jan 24'
191/4 Sep 24
X45
Jan
56% Aug 9
19% May 28
19
63%
Jan
53
9
Deo
36
25% Aug
5
1193/4 July
Jun
14% NOV
Jan
137
1
Apr
Deo
7%
26% Mar 18
68 %
9
29% Sep 24
a
Year 1946
Lowest
9 per share
,
I per share
Highest
9 per share
14% Sep
Louis
15
.15%
Jan
25%
Dee
52'/z Jan
16
35%
Jan
56
NOV
24
413/4 May 31
20'/a
Jan
37%
Deo
18
Sep
23
34% Jan
Sep
23
20% May 28
153/4 Sep
1
25% Jan
27
Sep
10
100
24
27'A Sep
27
St
10
28% Jan
2
;.
•
Inc ,:4;,.
29%
198 '
*
•
--'••
17o
1
•'> 5
;:•
22
Sep 23
.26% Sep 20
41%
9% Mar
Dec
19 Va
Nov
327/a
16'A Mar
Corp—_„
Deo
Register
__
.
Container
Cylinder Gas
..
preferred
3
181 »/a
Oct
195
Deo
3234 Apr
16
20%
Jan
30
Deo
24
21% Feb
5
13%
Jan
20
453/2 Jan
29
205 V4
15
Sep
19
Feb
26
37
161/2 Sep 20
30
Sep
.213/4Oct
23
4
34'/2 Jun
168% Jan 24
20Ys Sep 10
40a% Apr 17
July 29
Apr 10
177
Sep
150
Sep .19
National
Oil
•
8
Sep
11
*
'
15%
■
>: 163/4
:
2.900
>10%
-
>10%
"
1,200
Co__.
1
———Nopar
54% Nov
26 Yb
Jan
108
152
<
373%
Jan
Deo
Jun
Deo
Sep
Sep
.
199% Deo
167
Nov
Jan
35
Deo
33
Jan
69
Deo
65
Apr
85% NOV
36
Deo
>38-
25
22% Aug
Apr 25
Jan\18
15
^
24% Deo
Jan
33% Mar
32
Jan 29
106Mar 2
263A July
d02y4 NOV?
42% May;10
24% May 27
15
Feb 2
10% Jan?
.
Sep 24
Sep 24
15
<10% Sep
<
21
:l93/4 Sq) 24
>91
Sep 20
.-Nat Vulcanized Fibre Co
•-Natomas
-
13
A
41% Feb
.
25 & Sep >10 •>
>.13% Sep. 9
25
NOV
72% May 17
2'% Sep 12
-101% July 1
21% Sep 20
19,500
2,800
v
Deo
38
xl01% Aug
173
10% Aug 21
>1% Aug 27
75
Sep (19
2
Products
Co____:
207
23
19%
Jan
Jan
24
National Power ,r& Lt ex distribution.
•<»>81
v^81 > A
r National
Steel >Qorp
_____i.__.25
•:-.y.*35%> 26 'A %
r,700 f 'National Sugar ?Ref,Co_i
Nopar
,a43/2 '(;147/8 :
8,500'- {National Supply ;<The) rPa____—10
*203/4
22 <
; *
/
100
:
$.2 ponv preferred-_._2_____i-.40
>••;*96Vi)'1983% > '- •
80 ->
4l/a% \preferred-ui_i_ii_ri._-._l00
26 r:
26%""
1,900
National Tea Coi___L__ii___—10
.'•*
2
-
37
102"% Aug 16
191
Jan
9
333/4 Jun 14
preferred
B___^_:
.100
National Linen Service Corp new__l
-Nat Mall & St'l Cast. Co_.-___No par
•
<
24%
14
323/8 Aug
411/* Sep ,19
44'%
13
-
673/4 Jan 29
100
A
32% Deo
12% Mar
24
,10
41% Nov
__
19% Sep 20
—No par
Sep
May 31
Aug 13
:45% Apr 22
3
21% Sep A9
33
-
'20% Deo
313/4 Apr
243/b Aug 13
.24
1
Co'
preferred
Deo
Apr
4
331/4 Sep
1
.
_i;
______
conv
*34%
27
10 '/a Sep
No par
_
23 y4 Mar
34% Apr 17
37% May
1
Jan
22% Oct
No par
__i'; A
Corp
-
13%
29
Sep
190
6 7c
1,100
900
Share
National Lead Co-______i____r
2,100
•
'
Can
National
$4.50
170
8 3/4
&
Cash
200
J51
Bond
City Lines Inc_
'
5,200
' i;
Corp
Nat Dairy Products
No par
National Dept'Stores new..
5
Nat Distillers Products new..No par
(Nat Enam & Stamping.^
No par
National Gypsum Co_._.__
__1
*
12,600
>:•>».' 110
1043/4
?
'
Aviationl
•'
...10%- >10%
>
>21
>*20%
,*166%
■l
OO
*
'
20%
203/4
109
•
.;• 20
-
r
*106'%
-
28
271/4
>
21
20
,/
;A05%
105
113
*110
___
113
>
33%
33%
■<.
*•
100
321/4
1,000
VA
60
V
20
3,300
333/a
31
'32
*97
313% ..313/4
600
'273/4
105%
U10
1
1,200
>
109
*105%
•;153/4
16%
88
page
•«■
15%
19
see
97
*97
87
footnotes
.(
-
,100
21%
21%
41%- 42%
18%
For
•27
263/4
19
.4
•
;> £i43/4. >'T53%V':.'j
*21 /
22 K "
21
105%
30
.
24
Sep
1053% Sep 26
40V4 Apr 30
Co
National
500
44
;
((:
34,800
223% > 22'%
2%
:•••.
Sep
48
July
56
111
37
•
4
"
29%
Deo
'
r-11 iig
mrn.m.
,
107 % Deo
•
14% Nov
103AJan
'
v203A
'"•"( 109 T:
28
a
23
•
38
173
Jan
106% May
45% May 15
62V2Jan
9
4
10 Yb Sep
—Nopar
pfd___,
Nat
3,800
•
..
20%
293/2
•
8%:*..
•
8i%:: -82
,
"15%
112%
*97
8
•2
>>21
•21
21%
28%
15%
r
.20%
109 r
-
i:.43% > 45 '•:
*96'/at.
'
*107
104
•
•
>?6
19%
.
150
,27%
i
14%
>
152
82.;:
*21%ii-.22.
;15%
,10%
'■
'223/4
-24
17
•
*193
2%
(
„;,r 81%
'28%
•14%
*21%
21
•23
26
19
A—Nopar
Co
Nopar
&
Nat
7,206
193
-•>,
16
35i% Oct'
series
Chatt
National
2,300
>•
r.193
23%
;2
./.->>
36%
,152
8
8
23
V
21%
30V4
>155
183/4 Feb
4
24
Acme
Nat
2,900
1,900
."
> *37% >* 38 .>*;
•
293/4
271/4
16%
>
22%
303/4
>
16%
353%
106%
'
18
145'% Sep
1G0
__
3,400
2,200
23'/2
:
243/s "
>20%
»
433/4- ,433/4
>
37%
*104yA
.200
.*152
23
81
17
36%"
37
vv:>
35%
27%
"
3
113% Apr
3
National Battery Co
——_4
J
( National Biscuit Co common——10
7%
100
preferred.
1,800
.
•
16%
» 22%
61'4 Jun
Sep 26
77
May 15
1103/4 July 19
7'% Sep
:
Brass
•National
200
.23
26 34
.106%
*193
.43%
•:'
353/2
17
37
30%
156
35%
17'
16%
•
Sep 24
103/4 Sep
31'% p'eb
^No par
National
Airlines
>Nat Automotive Fibres
300
'
11%
26%
v
'
195
ll'/a
-24
'*105
•
113/4
24%
_20%,V21>"
203/4
23
.22%
,
24%
■
45% May
Sep 12
Sep 19
44
National
8,500
]95
22%
37% ( 37 Via
>
8% 4-: 8%
•,43%
,
•2%
2
-
106
36%
22Vz
•243/4
•27%
27%
*180
23
35
>
,;16%
"
20%
104V4
.*195
16%
>:
/
23%
21
24
:.
17 3%
33% Mar
129
Nash-Kelvinator
3,100
28%
i
*25
•
11%
'
2
10
Nashville
>8,200
18% y:."
25% •
;
23
;
.281/4
35%
36%
26
•28'4
190'A
.353/4
17
19%
52% Apr
9 per share
2,000
8,100
11% '» ':
11%
87% Nov
4
19
EXCHANGE
280
'
Jan
'
273/4
113/4
:
18
190'A
>•::>'
27%
28
353/B
,:37%
*25
28
190
35%
.173/4
173/2
23%
25
27%
293/8
29% Nov
64%
9
40
Murphy Co (G C) com
:
1
4%% preferred
:__100
Murray Corp of America_,,_.___10
>•' 4 7c. preferred.
50
Myers (F E) & Bro.
.....No par
12,100
27%
19
11%
18
H'%
37%
24 7 8
203/4
11%
233/4, 23%
16'%
37%
193/4
15V4
.
28%
:
14 V* Mar
10
32% July
107
Shares
27%
•
18
190
>35%
23%
20%
29
10
4
Sep
Products
NEW
35 Va Jun
105 J/a Jun
20% Oct
Sep
Ward
Deo
4
54
par
new
Deo
25
10
28
_
30%
19
100
RR
Jan
12% Mar
Oct
No par
Chemical Co
Wheel
17%
Deo
Sep
100
.1
„
Deo
27
"
36 V2 Sep
•
Nopar
_
Jan
Sep
—_—__10
(John)
galea for
10
303/fe Apr 22
107% Aug 26
56 % Aug
8
26% Sep
3
19
10
....
preferred
the Week
15%
273/2
28'%
.
11%
11%
28
37%
15 Va27%
•
18'%
25
/
28'%
24
17
27
23%
153/4
193/4
Mfg
Jun
36
13 Ve
22
:L—100 '
Power Impl
Corp
cum
Sep
4
62
Mulljns Mfg Co class B__
1
$7 preferred-^
... No par
Munsingwear Inc.
£
.5
200
Oct. 4
113/8
195
24
&
10
19
M A vtc—No par
preferred
Mueller
130
I per share
18%
•
.
23
•
*190
11%
"
per-share
15%
19%
ii%r
18
27%
■
•
Min
23
35 7/8 Apr
109 y4 Nov
20
>>
7,000
Friday
9 per share
27%
23
.•
28 %
195
& SS
9
Sep
-No par
—
Sep
45
pfd.100
preferred
Sep 12
18'A Sep
5
1st
Moline
Motor
55
Oct. 3
29
17%
*54'/4
cum
9
223% Sep
par
Copper
Motor
30
42
Thursday
Oct. 2
t
27%
X 113/a
*41%
Edison 3.90%
Sep
103
.
Moore-McCormack
800
11%
5
cum
Morrell
3,000
11 Vs
par
1
preferred______No par
Machine Co._____.__,
5
$3.50
STOCKS
Wednesday
>,
28'%
19
"
22
_
2,300
7
35'% >36 J/a
'110 J/4 1103/a
60
28
11%
v5-
'*54J/4
29
35»/4
?
60 >
15%
53%
173/4
27%
*54 Vi
Dec
Montgomery
Receipts
700
,
Deo
Nov
Apr
HIGH SALE PRICES
28 %
16 3%
*22%
43
*271%
>> 11%
*190
541 J/2
9 per share
15%
28
29
/
7
Oct. 1
I per share
EXCHANGE
43
32%
43"
Sep
$3.25
1,000
1,400
15%
113/a
ll'/a
*41%
:60
AND
*15 'A
36
35%
110
110 i
:
Jan
Jan-
43
122
104
$2.50
/
105
.11%
19%
30Y4
10
26
30
108% Mar 21
Monsanto
■
3,500
>16
103 3/4
36
.110
nya
Tuesday
Sept. 30
Sept. 28
353/4
110
11%
413/4
413/4
:/>
LOW
< per share
35%
110
*109 3/4
>
11%
May 27
Apr
9
May 29
25% Sep
104V2 Sep
■
1
Sep
Deo
65%
Jan
103
600
500
-?40
16%
103%
.15% "15%
I
27 Vi
Deo
Oct
55
114
par
•Monarch Mach Tool
"
15 %
23
preferred series A
100
•Mohawk Carpet Mills —ill_____20
Majud Hosiery Co Inc new
1.25
100
18%
-22 :>•
:i 16'/a
16%
104
Apr
•7 7c
15,400
:
46
21 J/z
.41 ">•.
41
41
104
>
231/4
I8J/2
•'•'
71
Jan
Deo
.541/2
*44'%
223/4
*22
22%
>16'A
i53%
%
23
*52 J/2
-
19
16%
Jan
Aug
41%
Mo-Kan-Texas
7,000
-71%
'
22
38 >
153/4
*103
23%
•44%
18%
•21%
"*703/4
>
>54%
18'A
>>
Sep
83%
403A
110
6
70%
$6.50
600
:/.?■* mi
124
70% .".'723%
733/4
43%
1
44%
,518%
73
'*52%
—*'55
44 %
223/8
.40
j
*52
43 7
.491/2
124
>>22%
22% v 23%
54
43
183/4
'21%
22
; *52
"
72y8
r
"
f" 42
:
42
5
Mar
36
Minn
2,000
•■>
"31%
483/4
125
:
May 31
118
Jan
(Mission
700
31%
49%/"r
A125
:
14% .:,14%
>
,
Jun
55
18
Jan
Minn
;
10,000
6,400
46 3/4 1471/4
14%
17
19
Jun
19%
Minn St P
■
./
Deo
4
24
I
•22%
19
Oct
May
53%
109% NOV
Sep
111
<Minn-Honeywell Regulator——!
3.20%' conv pfd series A
2,600
7%
22 3/4
48
32%
48 3/4
125
■>
23%
48
32
>>■73/8
-9% Sep
45 Vi Sep
96
195'
34% July
104%
par
1
/Minneapolis & St Louis Ry—No
1,300
30 3/2
30
7%
23
V
'
4
Deo
52
87c
5,600
110
y *100%
•
i>."'
31
Oct
18
Deo
Nov
3
Midland Steel Products
■
200
10'A
96
Sep
Jan
10
300
;:. :-
49 ■"
70
May 10
112% May 13
par
Mid-Continent* Petroleum
•
4,000
1083/2
10
4
23
63%
48
33%
Mar
27%
22% Aug
176% Jan
22
Miami
200
49
204
Sep
Sep
40
Jun
48% Apr
69
Jan
120
40
8
50
24%
9% Mar
Deo
56 Vs Jun
Mesta
4,200
-
75
Apr 18
48% May 28
38% May 29
9
3
Sep 20
Oct
46 3/4
41
Metropolitan
,1,500
11%
••50%.;v >
1081/2
>,
110
7'%
233/4
•
713/4
70
,
32
*1233/4
125
>71
•
'.•
•49%
*119
*101
> *47 #
'V14% '*14% "X --143/4
v
,14%
,,
108 3/z
10 s/8
73/4
23 'A
*47
>:
40
>493/4
>>,30%
>-
351/2-
5
Dec
111
Sep
Jan
18
>
1,100
147
30% Jun
21%
42%
46 V4
•
120
,
4
109
Apr
Jan
Sep 20
23% Sep 20
44
Sep 19
1,200
•
18 V*
104
par
Jan
57% Apr 24
112% Mar 25
2
Jan
Deo
15%
45% Feb
195
4
Deo
18%
23
4
Oct
Deo
7%
11%
3%
4
Sep
Sep
39%
Jan
7% Mar
Jan.28
20% Jan
Sep 10
Sep 11
28
100
7 Merck & Co Inc..;
1,500
"11%
50
10%
301/2
;
Corp
preferred.,..
7 Merch & Min Trans Co——No
700
41%
*10%
11%
51
*48%
110
30%
7
109
147
42
51
>108
103/4
7%:
■
•'
v
35»/2 ..36%">
37
7,500
v
300
V >>35
'36 i
150
->11%
-
.491/4;#
*101
.
Ar- /j*401/8
107
10%;
v
0'.">,
48
14 %
.•'•■' * 31
/
>
■
233/4 •:
-*461/4
353/2
36%
4,500
110
'
60
113/8
>
3,600
102%
*108
11%
150
43
49
'(
7%
>221/4
-
353/4
38%
107
'•
-
3/4
31%
7%"
23%
•48
/
107%
303%
'
-
:
41
v> 41%
.'42%
109
11%
149
*11% ...11%
51 "v> 51%
•10
•*102
32
- ■ ■
37'/2
ll'/z •:■/>
*40
49
:
10'A
•
:> 31%
.
11% >;
108 ;
49
-49%
10 1/8
35
*41%
2,800
...
.21%;
60
*107%
,7
21%
*101
413/4
148%
-51
50
*106
t *100%
-61%
<102 %
120
70%
*401/4
61
433/4
*11%
107
>
:
371/4'
150
150
,;?>;•/•'
50
*105%
35%
371/4
38%
150
40%
600
3,900
223/4
/
21
*101
108%
11%
•
401/4
22
.
611/2
41%
-•
21% / 22
101%
108
11%
:
-35
35%
?
38
150
60
107
u%
11%
40%"
101%
41%
107
108
11%
/' 40
'
60
*1011/4
42%
42%
*107
41
23%
23
-
•
*-.'-•
,7
47
*68 3/4
>
•;
21
107
*105
203/4
♦70
'
23%
20 3%
21%
*105
C
100
2,400
'
8
113/a Feb
McLellan Stores Co
1
McQuay-Norris Mfg Co
—10
Mead Corp.—
:
—No par
4%% preferred..
—_i
100
4%
2nd preferred
.....—50
Melville Shoe Corp new.*..
...1
Mengel Co
(The)..
_1
1
5 % conv, 1st preferred....
.50
Mercantile Stores Co Ltd—__No par
4,200
>•:> >
Jan
24
■?
par
____
2,000
7
24
.48
,
1
par
Stores
conv
McGraw Electric Co
McGraw-Hill : Pub Co
x—No
Mclntyre Porcupine Mines
1
McKesson & Robbins Inc
$4 preferred,,
1
No
2,000
7
46% May 31
15% Oct
__No par
preferred—../—No
cum
3%%
370
1,500
28%
106'
par
McCall Corp
1061/4
13
19
15% Not
7% May
*
__—
2,600
45%
•>
*104
•
1st
Sep
Sep 19
113/4 Sep 19
__5
preferred
$6
49%
44%
.1071%
$3
20
7331/4
32
30
600
48
1061/4
33%
49
-44%
•
28%
32%
1,000
45'%
115
471%
26 7
"-105
32'/a
49%
463/4
48%
27%"
105
.-32%
28
49%
45
48
Stores
$3.75
10 3/8
*113
32% Deo
7%
:■••
100
preferred——No
$3.40 cum pfd—u„„__—No
Maytag Co
{
No
45%
115
preferred
Dept
Jan
3% Sep
r
No par
May
10
46%
*113
.
49
105
*32% >34%
34%
.*32
48
28
49
10%
46
-
7%
14
31
1,460
r
14
1
4,400
513/4
96
IOV2
-.'T'
206
*1041/4
Oct
625
Jun
8
26y4Jan
X109
__
425
163/4 Apr
100
Masonite Corp..
—No
Master Elec Co
Mathieson Alkali Wks„_.i—_No
1,400
Aug 15
23
35
preferred
526
9 per share
Sep 26
——No par
105
,50%
105
Cp
1,400
3,800
>:v
27»A
..
&
Martin (Glenn L) .Co
Martin-Parry Corp
2,200
285/s
26%
,.*200
51%
i*.104
*105
2,700
,
55
28%
"•',
41/4%
___
16%
15%
28
*200
50%
105
.38
Marshall Field
6,600
111%
55
•56%
27
t
38%
38
<
28
>;„>
27
8,800
10
Highest
9 per share
28
——»5
Maracaibo Oil Exploration..—_1
Marine 'Midland
Corp
,,
5
Market. St Ry 67c prior pfd—100
2,500
13
*1091/2,111%
38%
<
.7%
'
*12%
13
38%
17
501/4
'105
51
105
7%
38%
'55
*2C0
>204
503/4
;<
*12%
>'
3%
77/a
387/b
28%
>•
4 V
,.
•17% t- 17 Vb
17
551/2.
13
37 ■%
•
55
'
261/4
*12%.
-
>38
-363/4
*28i/8
■
38 %
#•? 371/8
*1091/2 IH1/2
-
III1/2
86 3A
75/a ;
73/4
»12b/8
131/4 -
,
I per share
15
No par
'
7%
Jun
9% Sep
Year 1948
Lowest
100
4,700
•
:>
■:
20%
21%
20 VB
21
4,800
41
41%
41
42
1,300
16%
15 3%
153/4
-
36,500
32
•32
303/4
30'A
>
1,400
86%
87%
183/4
18%
86 3/4
•
873/2
2,400
18%
.18%
3,000
Nehi
Gorp__l._"_-i_L__-i
No par
Neisner Bros Inc ney
' > ".4%% conv serial preferred__ul00
-Newberry Co
(J J)
common„No,par
"V
33/4% »preferred
___-i___J_lj00
>New Jersey Pr & Lt,Co 4% pfd.100
Newmont Mining Corp
-____i_10
-Newport Industries____i__
..1
4>A7c preferred
-Newport News Ship & Dry Dock—1
New York Air Brake..
Nonpar
New
Central——
—Nopar
N Y Chic & St Louis Co
—^100
67o
York
preferred series A
N Y City Omnibus Corp
—_100
—Nopar
32% Jan 30
;18% Sep 20
,19% Sep
/
23
Feb ,8
27'A Oct
4
>104
Sep 19
110»/4May28
303% Sep 19
106
27
Sep
23
99
Sep
27
-20y8 Sep 20
^39
Sep 11
>.14% Sep 24
26
Sep 19
79
Sep 24
18V4 Oct
1
<
22
.111% Jan 30
50
Apr 20
45
15% Mar
•>
Sep 26
109% Aug29
433/4 May24
110% May 27
Jun 2,7
:109yeJunl9
343,4 Apr 5
69%Jan l8
35% Jan 16
6iy4May29
135
Jun 10
373% Feb 16
Feb
103
•
37
Oct
109
105% Jan
32
<
>
Deo
35
106
28% Deo
108% Mar
Aug'-
18% Jan
Xl6 % Aug
Deo
Nor
110- Nov
' 47% Deo
88 % Deo
27%
Deo
Mar
58%
Oct
21% Jan
35%
Deo
Jan
75%
Jun
45
32
103% Jan
28%
Jan
148
Jun
39% Nov
c
'
Monday, October 7,
THE COMMERCIAL & FINANCIAL CHRONICLE
1736
1916
NEW YORK STOCK RECORD
LOW
-
Mondar
Retard**
STOCK
<■91
EXCHANGE
t per thare
107 Va
♦13%
13%
59
310
*275
108
108
*107%
109
14
13%
?,
14
35
35
*34
233
228
230%
127%
125
126
*126
v
35
35
231
53%
310
14
108.
108
107%
13%
*52%
*53
*275
54%
320
*275
59
*34
108%
108
,v
233%
229%
*125 Vb
126%
*125%
26
26%
25%
26%
26
26%
26%
26%
26
11%
12%
11%
iiy8
11%
11 %
11%
11%
26%
1-14%
114%
19%
18%
19%
19%
103%
103%
103%
116
•114%
18%
115
„
North
15,700
7,900
11%
American
114%
114%
20
Northern
18%
18%
12,200
Northern
103%
103%
103%
190
3,000
116
19
i
Pacific
Northern
103% 104
104
28
Cum
States
Power
Co
28%
29%
28%
28%
47%
*46%
47
46
46%
110
Northwestern
Telegraph—
*11%
12
11%
11%
11%
11%
400
Norwalk
Tire
&
18
18%
18
18%
1,200
Norwich
Pharmacal
39
32%
32%
32%
4,400
Ohio
110 %
*109 %
110%
100
23%
22%
23 Va
15,200
21%
21%
18%
18
18
30%
31%
31%
32%
31%
T9
18
33
Sep 19
225% Sep 20
Jan
19
288% Apr
5
219
Jan
258% Nov
121
Aug 15
118
Aug
126% Nov
—
102%
113% Mar 18
53
•
129
Jan
11
233/4 Sep
24
39% Apr
11
16% Feb
37%
16
Jan
3
117
16% Sep
24
36
111
9%
17%
Deo
31%
15%
Jan
Deo
Deo
112
105% Jan
11
Oct
50%
Jan
19% Jan
May 22
Jan
2* % Mar
14% Aug
20
10% Sep
1
38%
Jan
Deo
104% Sep
27
56 % Jan
3
102% Sep 24
26
Sep 24
No par
29 %
*46%
11%
18
Deo
283/4 Feb
May
3
Feb 19
(Minn)
Airlines
28 %
11%
110
24
No par
47%
18
Oct
Sep
24
100
28
11%
410
123/4 Sep
.
__50
47
18
NOV
Mar
105% Sep
A
pfd $3.60 series
Northwest
Mar
76
325
Ry Co_
Ry__
48
11%
NOV
41
162
4
275
,
.———IO
28%
28
*47
;
103%
Co
Aviation-
Central
29
65
__100
pfd
non-cum
North American
19%
*114%
19%
.
thare
Jan
17>
__100
Western Ry
Adjust 4%
$ per
28
Y
110
I perthare
thare.
413/4 May 28
4
53% Oct
Y Power & Light 3.90%
Norfolk &
1,140
126
11%
*114%
:
232%
Oct
Highest
Lowest
Jun
,__50
pfd__100
Shipbldg Corp part stk
_1
Noblitt-Sparks Industries5
400
34
230%
126%
229%
23
No par
N
1,400
34
35
229%
*125
:
preferred
non-cum
Y & Harlem RR Co
N
210
13%
13%
13%
No par
N
.
< per
J per thare
Par
.
Dock
York
$5
300
54 .V
300
*275
,
New
Year 1945
Ranf e Sine* January 1
Lowest
Highest
-
100
23
23
25%
*23
Share*
t per share
STOCK
YORK
EXCHANGE
the Week
Oct. 4
I per share
NEW
SaSee for
Frl«ia»
.
Oct. 3
26
*23
27
*53
54%
320
"275
Thursday
Oct. 2
*23
97
*52%
CLOSED
Wednesday
t per share
Range for Previous
STOCKS
PB1CK8
Oct. 1
t per thare
I per star*
H1Q1I l&LE
Tuesday
Sept. 30
Sept. 28
AND
26% Mar
46
—50
45
Apr
1
55 % Jan
No par
11
Sep
3
193/4 May 15
2.50
17
Sep
27
RubberCo
25
3
63 Va
Deo
Apr
57
NOV
Jan
6%
15
Deo
21% Deo
12% Jan
May 23
O
*108%
108%
22%
22%
23%
21%
22%
*21
108%
22%
21%
*21%
110
*108%
110
22%
22
22%
21%
21%
102%
101%
101%
101
12%
12%
*115%
116
*31%
34
*31
9Q
*160%
21%
102
12%
*31
34
32
28
28%
23%
163%
*160%
27%
24%
4,800
160%
8%
300
28%
160%
163%
24%
31%
32
90
*86
■
V
12%
*26
28
r
; '<
50
:
59
39%
:'
59
34
132%
"172
59
35%:
'
*26
6%
1,400
100
54.
*50
54
*26
28
*26
40
...
60
>
34
,'-r: 33
40%
2nd
Pacific
1,700
60%
33
£■'!■
.128%- 128%
125
170%
*169
173
172
6
6
5%
5%
23
22 %
22%
6%
6%
6%
63/4
15%
15%
•15 Va
15%
21,900
23%
6%
■-6%
15
14%.
15
43%
■:='
15%
44%
-43
.>
■} <
123%
127%
*170%
172
123%
U"/;;
172
5%
22
22
1,600
,
Pacific
14%
% *14%
14%
43%
44%
*107
108
5%
5%
Jan
Jan
36%
24
180% May
100
158
2.50
22
89
Sep 10
Sep 27
Co——12.50
71
Sep 20
Mfg
26
54% Sep
__No par
30
Oil
Corp——^10
Prod
Panhandle
Paraffine
&
>37% Jan
106
*107%
113
31%
N'. 57 •
59%
59%
67
♦107
113
*107
31%
30%
67
113
,
32%
57%
■
*58
3%
39
39%'
28
28
-
<■
16
3%
1674
14
rl6%;">
*
»
4%
«
56%
33/4
40%
27%
-
27%-:
♦27
hv
14 %
.
16%
28
'
14
14%
13
16%
15%
i6
:
1,400.
'
1,700
■
69%
67%
67%
46%
*68
45%
46%
♦68
69%
*68%
69%
:
46%
-46%
*68%
45%
•
23%
24%
25
8
8
r
19%
18%
*30
►111%
473/4
21%
21%
27 Va
39
"
111%
-21%
♦111 %
*48
*48
50
93
93
18%
24
19%
21%
21%
:
38%
24%
19
19
105
-V:' 16
18
103
50
93
*78
85
*28
29%
83%
105%
9%
29
9%
*105%
iv
7
*75
85
24
>
*27%
29
*27%
107
*105%
r
24%
*19 Ac
29:
107
10
10 %
♦103
:
12,400
t
io
51
100
29%
*105%
:-\i
300
80
28%
-
64% Sep
r
Milk
Pet
4%-%
~
10
9%
.; 700
107
9%
-—A
Co
Monday
Sept. 28
Tuesday
Wednesday
Oct. 1
f per thare ,!,
f per thare
STOCK
13
HXCHANGE
61
CLOSED
f per thare
13%
13%
60%
62
33%-.
32%
33%
65%
66 %
66%
66%
*111
112%
111
26 Va
26
*29
26%
120
*119%
13%
.13
23%
'/ 26%
.
30%
27
119
13 : A,
13
ft
;
23%
22%
233/4
98%
98%
98
12%
22%
98
33%
35%
34%
35
34%
35
34%
1,000
Pfizer
*106%
107
♦104%
107
*105%
333/4
*101
104%
104%
*101
104%
*101
65
;
.
720
\
112%
80
27%
8,500
263/4
V
f
11,000
34
65
29
29
120
90
——
Phila
..
400
*119
I fi
;
56%
*18
20 %
-
23%
33
104
Phila
22 y4
■
6,300
23
7,400'
Philco
104% fv/i *101
200
107
♦103
32%
""9
104%
95
19%
19%
19%
19%
*185
206%
*
8%
.
37
206%
11
11%
*80
107 Va
A %
11%
*80
57%
57% /•V
563/4
573/4
20%
20
20
20
20
31%
31%
304y8
*104%
104%
126
*121
126
*94%
19%
v
•18
33
9
*8%
9
*95%
*185
206%
206%
36%
36%
363/4
8%
8%
A
11%
107 %
98
78
65
63
78
*14%
*77%
15%
*188
15
63%
15
-
11%
16%
16%
*14
65
16%
17%
17%
17
17%
20%
21%
21%
21%
21%
21%
21%
21%
16%
17%
20%
77 %
13%
20%
*15%
:
13%
17
1,900
20
7%
64
65%
240
5%
143/s
15%
43
44
57%
563/4
573/4
35%
35%
393/4
35%
33% Aug
37% Max
30% Jan
<
38% Nov
21
36% Jan
Jun
19
92% Jan
109% Jun
17
63
80
Sep
28 % Sep
1053% Sep
•
9
Sep
20
132
30
25
19% Jan
26
Apr
105% Nov
43% Mar 18
18
3
109
Mar 12
14% Apr
19
13
■-
38%
39
*99%
100
35%
36
*16
14
16%
14%
500
13,700
*41%
43
200
56%
57
5,400
36%
100
35%
363/4
100
35%
6.500
200
2,600
Plough
Poor
Inc
&
Co
Pressed
■v>«
Co
class
class
f per
13
Apr
35% Jan
293/4 Sep
64
f per
thare
Sep
108% Sep
80
x48
4%%
$4.75
Public
Service
—-1
Deo
Jan
21% Jan
34
July 10
25
Jan
May 16
117
Aug
19% Feb
10
4
Sep 25
98
31% Mar
Sep
18% Sep
Sep
197
July
203
Jan
30
Sep
7% Sep
59 % Sep
77% Oct
29 Vt
Nov
122
Apr
19%
NOV
44%
Deo
Sep
13
Jan
28
56% July
74
Sep
Jun
10
107% Sep
113
Apr
106% Aug 27
36
Jan
8
130
11
Sep
NOV
112
27
16
Deo
Oct
29%
71
Aug 27
21% Sep 24»
Feb
17
115
102
102
49
Jan
47
33% Sep 20
105% Feb
7
120% Sep
5
12% Aug
14%
111
July 16
jan
Mar
34%
124
Deo
Dec
11
44%
Jan
69%
Deo
11
11
Jan
35
Deo
35% Jan 15
25
Jan
37% NOV
73% Jan
41
10
Jan
Feb
7
3
Sep
118% Aug
108%
May
15% Feb
8
8% Mar
11%
Feb
16
110
136
4
106
30
202
14
190
Tan
106
Feb
Sep
Dec
Dec
23% Nov
25%
Dec
205% July
39%
Deo
44%
Deo
6%
Jan
12%
Deo
16
8%
Jan
15%
Deo
Mar
117%
Oct
49% Mar
69%
Jun
91
Jun
43%
Jun
15
27
14
92
May 28
343/4 Jan 18
Feb
96% Jun
3
15% Jan
126
Jan 30
22% Feb
141
Jan
20% Deo
Mar 29
48% Jan
24
85%
May 15
210
105
8
8
26% May
Feb
f
.: 99
68
Feb
Sep
15%
23
6STi
31% Jun
22
143/4 Sep
19
20% Sep 19
15
Sep 10
July
14
Jan
Jun
198
Jun
12% Jan
22
Deo
1
29% Aug 12
.
21
198
13
27% Feb
7
Feb
16
63% Feb
18
17%
Jan
27% Deo
24 V* Jan
33%
12%
Jan
25% Deo
26% Dee
Mar
66% NOV
Dee
9
143/4 Sep
23
1
133/4 Sep
24
30
50
41% Sep
24
553/4 Sep
18
19
71% Apr 27
1
10
105% May 22
41
July 1
Inc—a
Inc
106%
18
30 3/4 May
1
Sep
22% Oct
15% Nov
22
122
12
Highest
t per thare
Deo
No par
of
Deo
40 V*
22% Sep
—-5
preferred———No per
Co
,
71%
-No par
B
Industries
t
Jan
76% Jan
3
preferred ser A
cum
;
Deo
57
25
Oct
Procter & Gamble
Publicker
13
Jun
36%
117% Jan
Colorado—20
36
Sep
99% Oct
31
f.
Sep
67
May 14
16%
55
Jan
{
a
Mar
Jan
19% Aug
24
Sep
pfd—100
9% Jan
6
9
27% Feb
10
——
Co
41%
108
25
May
24% Sep
103
5
5
Car
116%
May 23
117% July 29
-No par
pr
Lowest
• per thare
thare
16% Feb
2
5
19
16
9
B—100
A—
100
Pocahontas new_i——1
class
Jan
1
,
43% Junt
119% Nov 11
Year 1945
1
Highest
Lowest
10
4
24
new
Steel
Jan
:l
Deo
July
11
17
Sep
Nov
Nov
46
96% Nov
43% Nov
25
17% Sep
46%
49
69
51% Jan
101
.
22
Jan
,
Apr : T
24% Deo ; f
113
Dec
40% Jan
24
20
10
20
11
14
(The)
1,700
43%
35%
Co
163/4
57
1739.
Pittston
*16%
43%
35%
1,500
16%
57%
page
15%
Nov
3
7% Sep
WCst Va———100
Ash pfd:
100
&
u
Deo
19
25
1st ser ponv
(
Deo
30%
Oct
i6
Young &
16%
100
Apr
Jun
33%
Jan
20%
16
May 22
17%
Deo
21% Sep
20
Plymouth Oil Co
44%
35%
15%
5%%
Pittsburgh
Pitts
Pond Creek
57%
see
400
1,200
44%
footnotes
200
14%
1,300
57%
For
79%
13%
Steel
preferred
preferred
21%
*43 %
39%
Pittsburgh
11%
22%
15%
♦99%
115.
;
19
14% Jan
29 Va Sep
Forgings
20%
163/4
40
68
2
102% Sep
123
Oct
Consolidation Coal
22%
16%
14%
99%
conv
203/4
16%
39%
47% Feb
20
17
107%
78%
&
21%
15%
99%
Coke
16%
16%
39%
Jan
89% Feb
43
25
RR—,.—100
Chemical Co—No par
21%
15
100
-
1
20 3/4
16%
37%
49% July 16
38
——.——No par
Inc_.
17%
17
*95
Sep 24
Oct
3
20 % Sep
25
93
11
'
A—.
& St Louis
21
15%
57
4,500
*188
A. 15%
*43%
10,200
8%
Mills
preferred
Pittsburgh
60
37%
-
—1
Iron
&
series
pfd
21%
"
16%
78
•
♦188
16
19
27% Jan 24
Co
—
1
Pitts Ft Wayne & Chic Ry—100
7%
preferred -*_A
——-100
Pitts Plate Glass Co
10
Pitts Screw & Bolt c—
-No par
$5
Pitts
200
206
Coal
i
49%
Jan
111
115% July 15
preferred—A——No par
Co
1
-40
4,700
*100
65
15%
600
19%
7%
103
78
Pitts
19%
36%
11%
103
$4
19%
*200
8%-
No par
—100
Corp
Pitts C C
19%
37
8
65
*188
•188
16%
*63
*77%
J78
'
10
20
■
Read
&
Pillsbury
300
/A
9
"
*63%
500
123
*95%
209
36%
11%
*80
12
—
♦185
*201
:S
6,800
32%
104%
*8%
A
18
x*18
8%
11%
;
*185
206%
107%
123
20
20
V19%
*31
*104%
/
98
19%
■> 97%
19%
19%
-
23%
125
57%
'.: 8%
97
19%
*18
36%
8%
*120
56%
*31%
♦185
206%
35
"9
*93%
*21%
125
*121
8%
93%
23%
*120
*104%
106
*121
8%
125
No par
com—
com—
——3
100
Philip Morris & Co. Ltd——5
4% preferred
——100
3.60%
series preferred
—100
Phillips Jones Corp—No par
7% preferred —————100
Phillips Petroleum
No par
Phoenix Hosiery
————5
11,100
34%
34%
*105%
Co
preferred
33/4%
120
97%
*96%
/
*18%
20
32%
,
-
"21%
23%
*120
56%
.♦18%
33
*21%
125
56
*121
*
*120
56 Va
104
1...
*21%
•
Electric
preference
13%
'
24
125
$1
4.4%
>
12%
>;■> •
107
*21%
37% Aug
Range Since January
&
a
May;
11% Aug
:
Jan
A
Co_——No par
Co Inc——1-A^-l
Phelps-Dodge Corp
—25
Philadelphia Co 6% preferred—50
$6 preferred
No par
(Chas)
'•
28
16% Feb
25
110
...
Pfeiffer Brewing
35
107%
*120
21%
28% Feb
Per '
3,700
23%
98
98
13%
107%
*101
30% Jan
24% Mar
72
Jan
69
;
.
17% Deo fL
Oct
*18
Deo
30
Range fer Prevloms
:. ~
13%
*111%
-.S
ft.;'*/
Sharet
60 %
:;A
30%
120
,
59%
■ v
27%
263/4
*29
13%
23
100
29
20
20
No par
EXCHANGE
'♦13%
■
••
112
♦119
119%
'
66
*111%
29
29
120
12%
23%
100
26%
*29
30 Va
*119%
34
65%
•
111
111
61%
33%
653/4
I per thare
133/4
60%
34
32%
65%
112
*13
61%
61%
33%
I per thare
14
•13%
24% Jan
39% NOV
6% Mar
79% Jun
,.
Deo j:-}
5%
>
21% Jan
17
7% Sep
Corp
V
the Week
Oct. 4
.
;
73% Deo
Jan
2% Jan
29% Feb
STOCKS
Oct. 3
t per thare
13%
62 %
,
3 2 v4
453/1 Jan
'V NEW YORK STOCK "
A alee fer
Friday :V'
,-'i Thursday
Oct. 2
Sept. 30
;
Dee
July
110
573/4 Jun
17% Sep
preferred
-——100
of America
.—5
2nd
Petroleum
LOW AND HIGH SALE PRICES
flstofdif
12
.25% Jun
1
Light Co_.—.No par ,;•/'«
&
Power
14% Deo
*80%
Jan
56
Apr 30
24
w
50
.—10
Peoples Drug Stores Inc—
—5 *
Peoples G L & Coke (Chic)—^-100
Peoria & Eastern Ry Co—100
A Pepsi-Cola
Co—;—33%c
Pere Marquette Ry Co
——100
5% prior preferred —_^^__100
5% preferred
—100
400
'
v
Penn
11
45% Oct
A—100
t
*39% Nov
Oct
111
4% Mar
-19% Sep
Corp_^_—No par
-preferred^.:
5%
Apr
106% Oct
21
35% Aug 13
19
14% Sep
v
,
600"
20
105
80
82;;
*105%
107
*9%
10%
*9%
105
*80
29
*78
105%
*103 T
104%
Sand
Deo
29%
48 % May
24
12% Sep
—7
Glass
20
106% Sep
7% Jan 29
'
—
700
1
101
101:,
►'
10
Sep
27 % Sep
Corp——1
Corp^..
Jan
10
3
Pennsylvania RR
Pennsylvania Salt Mfg Co_
1,200
16%
/
.
1,600
;
16%
-
20
8,300
25,300
V
93
-
24%
*19
19
*48
.
16
24
24%
19
►105
50
93
92%
•
10/;
T!
26%
•
39
*48
92%
*16%
24%
*16%
24%
50
92%
^
Airlines
13%
25
1
10
19
—No par
Cement Co-A_
Penn-Dixie
ii
Penn
112%
'27%
38
,
& Coke
Coal
Penn
400
35
25%
21%
26 %
•
4,600
38%
21%
27%
•
.
-•
*111%
114
*111%
^oy2
52
23%
*31
,
40
92
49
114
35
27
-92
18
♦30%,
-A
21%? 21 y8
*48
*16%
35
40
.27
♦38 %
•-v
*31
r
21
Deo
18% Mar
Deo
14% Jan
May
Deo
12
29
90 Vt Apr
3% Sep
,
No par
-
Co
Aug
5% Jan
Apr 30
35% Jan
:
v'
■
C)
Penn-Central
11,500
V
;:
••? 8
19%
21
(J
Penney
7,900
24%
*7%
8%*
20 %
21%
27%
21%
27%
39
20%
•
25%
8%
34
111%
~
24%
•
8
20%
*30
114
46% 'v*
45%
24% V 26
25%
8
20
34
•
Jun
10
32%
.16% Jan
56% Apr 22
82
Co_'—:——No par
Proof Co——2.50
Apenick & Ford
100
693/4
46
23%
V
'
'
175
Jan
Mar
6
39% July 11
'
r
149% Deo
160%
9
110
Oct
*60%
121% Jan
10
10
&
Patino Mines & Enterprises—5
■;
.
Jan
10
53
Transportation—_No par
Parmelee
24
13
Apr
28% Sep
Mines-w-1
Consolidated.
Davis
Parker Rust
A
13 3/4
16%
6%
Parke
300
>
IJtah
•'
14
Jan
108% Jan
—100
new—_1"
Inc
Inc———1
Tilford
&
Park
3,500
2,200
56
Pictures
NOV
48
111
10
Sep
Deo
46
20'A Apr
23
56
42
Jan
27
25
5% Sep
-_1
Ref_
Inc—No par
preferred
conv
ParK
600
3%
ft 40%
,
3%
Cos
Paramount
27,700
32%
41. r
3%
"
■
*27% -29
-
113
31%
'
40%
*56%
,
3%
-40%
■;
..13 V* •*'13%
; /
*107
/
32%
58
I:
"
3%
40%
■
.
40%.'
28
113
:
31%
59
'
39%
28
V
13%
-13%
16
■y
$•. 3%
■:
*107
65
64
•
:
"
'
■-V: 3%
"
32%
31%
67
67
-
89% NOV
Jan
26
34% Apr 22
12% Feb
5
3
Sep
23% Nov
34%
181% July 17
9
24
13% Sep
&
22% Deo
Jan
24
/" 11% Feb
4
14% Sep
Airways
Jan
11%
45% Mar
17
160% Jun
4
23
-6% Sep
No par
—
Sep
Vt 79% Deo
67% Jun
9
5% Sep
3
20% Sep 24
Deo
:, 95
48
24
123% Oct
169
< Jan
Deo
NOV
13%
.
-?
Mar 18
48
473/4 Jun
4
Sep
68
22
Jan
32%
Jan
74
5
25% July 11
86% Mar 19
Sep 20
—25
vApr
193/B jan
12
Sep 27
39% Oct
22%
Deo
168
Jan
155
7
17
111% May 29
>100
4
50
2
Jun
35
.17% Sep
100
A——100
Petrol
5,800
.
'
"
68
67
Sep
113/4 Oct
y
Teleg__^.
Car
American
1,800
53/4
Deo
13%
23%
No-par
Motor
Pan-Amer
40
108
5%
*118%
107
Nov
39% Feb
Corp—2%
Transp
_5
Panhandle East Pipe Line—No par
4%
preferred
100
Pan
"
3,100
*107
6
Jan
120
Deo
34%
119
51% May 22
Corp.,
Western
Packard
300
44%
11
Consol'd Corp——
Pacific Tin
44%
-
&
Telep &
preferred
6%
70:
3,000
53/4
14%
f
108%
5%
5%
5%
:
14%
45
,
*107
108 %
*107
6%
65%
'
15%
•
*14%
•
44%
71"
6%
15
14%
4374
106
574
22%
:
15% r,".
14%
*14
65%
V
,,
Deo
Feb
Sep
"
27.400
22%
7
6
18%
non-cum-—No par
non-cum—No par
Lighting
Pacific
131
5%
Jan
26
Pacific, Mills
60%
32%
Jan
11%
23
Electric-
&
1,100
60
.
Gas
13,300
33%
60
jan
106%
18
Jun
27% Feb
Glass
preferred
Pacific
24%
14
17% Jan
36'
3
No par
40%
39%
3
xll9% Jan
19
11
26% Sep
——
'i;.'--..1st preferred
23% Deo
—10
Pacific Amer Fisheries Inc_——5
Coast Co__i
10
.90
Oct
112
10
xll3
/ Pacific
28
130
22%
106
11%
17%
*50
40%
60
6%
6%
11%
,r 17%
18%
.r
34% Nov
Co
Owens-Illinois
Jan
16% Aug
—No par
com
Marine
107%
1
14
25
11% Sep
———100
A
223/4 Jun
Sep
6
preferred
preferred
Outlet
A
4,200
12
11%
*16%
89
75%'
170%
172
22
*80
••74%
78
(The)
EleAator
Outboard
700
,
Corp
19
29% July
21
Sep
100% Sep
4.% pfd—20
-No par
conv
Otis'
100
253/4
28
•33%
34
t'Jt
90
'(•'
*24
53
.
40 y8
59
,
34
;t..-
18%
*50
40%
'
133%
5%
12
5
;
♦17%
•
51%
;
*26
41
40
75
28
50
V
;
*80
76
11%
18%
90
74%
12
♦17%
18%
26
*80
74%
12
12%
:
p
74
/
*17%
50 M
90
*80
:;.v
74
73%
*25
Elec
&
13
Jan
112
21
■■
convertible preferred—100
Oppenheim Collins
'
26 fr';j
*25
26
26
Gas
35% Sep
30
26
19% Feb 26
No par
Corp
Omnibus
80
———100
Co
4%%
2,400
.
116%
28%
♦160
163%
T'.
116%
•>
Oliver
30% Sep
108% Jun
—i——
Co
preferred
Oil
Oklahoma
790
31%
117
116%
12
4.40%
200
;
102
11%
12%
V
12
102
•
Edison
Ohio
5,300
21%
20%
'
29
*160
163%
21%
101%
34
28%
29%
22
,*21%
101
<
116% 116%
116%
♦116
23
21%.
12
12%'
12%
*106%
22
21%
21%
-101%
-
i
fi
Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
.Number 4531
1737
NEW YORK STOCK RECORD
8TOCKS
LOW AND HIGH SALS PRICES
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Sept. 28
Sept, 30
Oct. 1
Oct. %
Oct. 3
Oct. 4
STOCK"
• vor thare
9 per thare
|p erthara
*
—
19% - 20-~104% 105%
EXCHANGE!
111
115
105
111
111%
115'
116
128
104%
116
128
*112%
50
22%
•105%
50%
51%
127
22%
22%
*105%
107
107
32 R'
21%
21%
112
116 Y4
11G%
116
116%
126
127
126%
127%
114
114
50%
22%
107
:
22%
107
32%
560
'
107%
107
32
32 %
*22
22%
490
.
?0
5,500
22%
*
14,100
107%
500
"
v
32
32
■
22'/a
'
1,500
10
10%
v
307/a
24
115%
10
Sep 25 ' -126
114% Aug 9
139%
103
Jun
f per thare
17
10
2
150
107
Oct
,
30
Jan
69% Jan
17
2
115% Deo
126
Deo
15
38%Feb
Jan
121% Jan.
112%
Oct
138
Nov
Xl48% Nov
118
47% Jan
28% May 28
115% Jun 13-
Bejr 2ff*
27% NOT
Feb
110
117% Feb 15
.
Jan
106% Jan
May 10
119% Jun 20
Highest
$ per ehare
102%
10
Jan
Jan
112% July 25
47% Sep 10
19% Feb 26
Bakeries Corp—No par
Purity
Sep
108
___
8% preferred—^—.—.,
100
Pub Ser El & Gas pfd $5
No par
Pullman Inc_———-_:«L«No par
-Pure Oil (The)
——
No par
5% conv preferred .i———100
;;R 1,200
22%
,
-
Year 1945
Lowest
9 per thare
18% Sep
Pub Serv Corp of N J com—Nopar
$5 preferred——--—No par
6% preferred
——100
1% preferred
-———100
720
'
t per share
Par
1,090
*112%* 114%
51V* -V..49%
50%
22
Range Slnee January 1
Lowest
Hiyhest
EXCHANGE
10,700
19%
105 Vji
22%
R 32%
31% '31%
19 y4
111
,
114
51%
51
22%
107
31%
125%
*112%
20V*
Range for Previous
NEW YORK STOCK
v
Shares
111% 112%
115% 116%
127% 128%
22%
19Ya
9 per thare
105% T053/V"~* ,1- 104%
112%
.111%
♦112% 114
114
52%
Sperthare
.
19%
20%
"104% 105
_.19%,. 20%.
112
CLOSED
I per share
Sales for
the Week
Jan
65% Oct
17
Jan
24% Deo
106
May
112% NO?
23% Jan
-
38
18% Jan
4
12% Deo
Nov
Q
21
^
^
-
v
1
•80
81%
'16%
80
82
82%
82%*,
17%
f-
10%
80%
17%"
22
10%
10%
10%
10%
10%
' ^,78%
*
22
21%
17%
17%
17%:
-
:
17%
.16%
—
*105
107
36
107
•
•
;
:i
105
<
105
:
•103
38
•37%
38
•37
10 V&
,
V
/ .R-' -v
19
18%
i
*37
•
19%
v
19%
.
20
*19%
22
♦100 "
103
V: *77
83
16
38%
38%
38 y4
•100
101%
22
22
'
110
28'/a
19%
98
98
98
26
26%
25%
109%
16 :'- R>
37 %
50
•47%
7%
,R',R 7%'
19%
44
44%
R* 44%
23%
24
'',R,;-;:v 7
19%
24%
*23%
R
320
15
1,200
11,900
47%
7%
23%
23%
Feb
.7,300
2,500
47
2,200
23%
•0-R: 46.
23%
♦
43
"
7%
19%
•
——10
Common
Prfeferred 3.60%
1,000
Ruppert, Jacob
900
14%
29
7
46
Corp———1 RR 12% Sep
—50o
* 8 y* Sep
—10
R 14% Sep
Republic Steel Corp.——_No par
25
Sep
)
6% conv prior pfd ser A
100
110
Sep
Revere Coper & * Brass.
—No par RR ' 18
Sep
5V* % preferred
100
f 97 Sep
Reynolds Metals Co—1——No par
24% Sep
5Ya% conv preferred—
100
105% Sep
Reynolds Spring -——^---——1
14% Oct
Reynolds (R J) Tob class B
10 ^ 36% Sep
$1 conv preferred—
19 Ya
14%
2,100
-
series
_100
—
—
100
i
.
4
& Co
101%
Rheem Mfg Co—
1RR 21%
Richfield Oil Corp
No par
14
Ritter Company
No par
26
Roan Antelope Copper Mines——
6%
Royal Typewriter
T—I
18%
Ruberoid Co (The)
No par
40%
23
22%
49% Feb
-39
Stores
Republic Pictures
.800
19%
(Robt)
Republic Aviation
20
103% 103%
*27%
24
R 24
•
37%
14%
45
44%
t-
113
14%
24
7
4,100
47%
18%
45 y4
19%
110
27%
36%
29 Ya
14%
; 10,000
101
110
S
48
*28
7%
xl9%
44%
;.
15
29
300
-
19%
26%
104%
23%
24%
14%
*27
7%
19 Vz
103%
18,200
27Ya
110
101
37%
•47%
r
2,100
19%
15%
*14%
: 37
;
104
24%
15
28
19
v
50
*47%
24%
'
15
V
15%
R 12,300
9,000
27 Ya
26%
28%
111% 112
38
104
104
R>RRR 28
30 ;
7Y4
*24
•
/R
15
14%
110
15%
8%
15%
•108
RR
101
*99
,
37%
.
47%
*103%
24%
24%
*28
R
R
.
27%
109
15%
37
R
101
26%
-;v
108 Ya
15%
36%
47%
V
Ri
103
103
100%
26%
28%
20%
19%
13%
14%
106% Jan
10% Jan.
——
—
23
5
19% Dee
78% Jan
7% Mar
103
July,
90%
Oct
18% Dee
111
Deo
33
Aug
43% Deo
16
6
May 14
Apr
9
Mar
25
Nov
38% Jun
34% Jam
33% Feb
4
53% Jun 20
46% Jan,
9
31
Apr 17
112% Feb
4
125% JaalT
19% Jan
29% Mar
43
60% Dec
Mar
36% Jan
46% Deo
11% Jan
28% Deo
102% Oct
137
Jun
69% July
17
Jan
143
Deo
45% Apr*22T;
27%May 11
Conv pfd 3 '/a %
series--100 /
85
Oct
1
101
May 18
Remington-Rand
———————1 / 32% Mar 12. V.- 50% Jun.
2'
Preferred with warrants-——25/ t 1011 Sep 27: ;i05YaApr- 3
Reo Motors, Inc——;
I
20% Sep 20
' 34% July 19"
900
-
8%
109% 109 /a
y
20%
13
,
R
15
27%
111%
19%.
100
13% R:
8% R
8%
14%
28%
*108
^
20%
108
109%
15%
36%
27%
f
110 '•7\:Z
110
;
20%
13%
'
:
.:
;
»
r 33
;
Jan 23
96% Mar 19
28% Apr 24"
112% Feb 11
•
1st pfd——100
76% Sep 20
Corp—-——No par
27% Jan
7
Reliance Manufacturing Co—Nopar14%Sep29.
.n"
v
_100
Preferred-
Reliable
5,000
22%
:
Reis
40
3,400
R 130
R
22%
;
■
4
38%
101
*100
:
/
900
89"
■
37%
/
.
23
8%
15
39%
15%-
*86»/a
101
Rfr R^.::
31"
15%
;
23
14
8%
14%
*:
20
.
19
-
.
100
!
85'
v
*100
22%
13%
20
105
31
83%
2,600
•
*80
15% -V
38%
101
22%
;•/»:
8%
19%
38%
38%
15
27%
27%
26%
110
*86
13%
15
R
15
87
19%
*103
85
■v. 15
*100
22%
100
40ff
31%
16
38%
13%
8%
8%
8%
15
84%
15%
101%
48
37%
*18
31%
'
;
H-- 86%
22%
;
14%
13%
'
85-
31%
•
18%
*44%
20
20
240a
*36%
' ■
100% 102*
31
85
v
22
'"/
Sep 20
Sep 24
Jam 3
Oct
2
25% Aug 13
Raybestos Manhattan ——:_No par • • 33% Sep 11
Rayonier Inc —.———Ll : ; 17% Sep 19
$2 preferred —
-—25 R 33% Oct 4
Reading Company
—-__50
,v. 16% Sep. 19.
4% non-cum 1st preferred—-50
40
Sep 10
4% non-cum 2nd preferred—50
*36% Sepl7
Real Silk Hosiery
—5
17YaSep24
70ff
6,900
-.:
;
45:..
36%
103
R
■
.
R
19%
45
*79%
16%
«5;
19%
,
•36%
30%
87
•
r
30%
16%
•
!
R.:R
83
31%
.RR31R;
:RR-RRR:'R"r; ^15%
\
"•-•85 .
18%
34
46
*100
37
18
33%
37%
*19%
*
37
19
19% Feb 20
*
Corp of Amer—Nopar ,10
$3.50 conv 1st preferred-.;-No par .
77.
Radio-Keith-Orpheura——^——1r ■> 15%
Ralston Purina Co 3%% pfd—100
105
■
10
R
34Ya
*36%
■
105
Corp—10
Radio
22,600
♦103
105
*45
37
103
*100
19%
19 y4
:;
,
46
37
33.000
1,000
17%
37%-
34
*45
~
37'/a
;
18%
34
19
'
,
:
46
•45
19; >
34%
,:
82
16%
34
18%
34
19%
34%
18%
r,7
82
w
.
37%
R 18%
■
,
10%
Oil Ref
Quaker State
31%
Dee
;-
22% Jan
00% Jan
115
87% Jan
110
NOV
15% Jan
37
Deo
.
98
13Ya Feb
"
16 V*
5
3
Deo.
23% Deo
40
Oct
46% Nov
106
Deo
26 Y4
Deo
V 18% Nov
Jan
31
Apr r
Deo
12%
6% Aug
19%
Oct
117%
Jan
99% Sep
16% Mar
10% Jan
Deo
Nov
24%
•37% Mar
Dee
29% Nov
33
May 29
34'/a Jan
9
Mar
48
Oct
21
65
Sep 24
Jan
33%
14% Jan
31%
Apr 29
30% Jun
18% Deo
19% Jan
102% Jan
11% Jan.
-
44
"102% Aug
29
Dee
7% Aur
9
24% Apr
8
19 ;;R; 17% Feb .25
20 • ~ 21% Feb 21
24
40% Feb 16
12 R 118 : Apr 20
19
: 31% May 28
2S
110'/a Jan
3
11
45% Jan 15
11
136
Jan 16
4
28Y4 Feb 18
11
467/a Jun
6
18 *.
50% July 31.
20
1087* Feb 25
9
38
Jun 10
20
20% May 28
Sep
Sep
Feb
Feb 26
Sep 24
Oct
3
Sep-10
36% Deo
18%. Jon
Sep
34
Deo
'
Tuesday
Wednesday
Thursday
Friday
Oct. 1
Oct. 2
Oct. 3
Oct. 4
I per share
52
52%
NEW YORK STOCK
the Week
I per share
6 per thare
• per share
RR
Balsa for
Sept. 30
Sept. 28
•**
STOCKS
LOW AND HIGH SALE PRICES
:;::'Saturday^V;^':W;':'' Monday,R
• per thare
I per share:
" /♦
•
Far
Rr Shares
9 per thare
■
Lowest
I per thare-
9 per thare
~
Year 1945
i,
.Highest
Lowest'
Range for Previous
.
Ranee Since January 1
EXCHANGE-.
Highest
9
pfim thare
s
STOCK
:RR
52 Ya
51%
,52%
25%
EXCHANGE
•112 Ys
11
25%
113 y4
11 Ya
25
CLOSED
*112%
25%
,
ioy4
llYa
-RR 65 y4
66 Ya
R'-'Rv.
45 Ya
45 Ya
103
20
21%
20%
21
49%
50
49
49
49%
25%
26%
26
26
*7%
8%
*25%
397/a
38%
;
R:
14
.
14%,
♦109
v
8%;
8Ya
38%
14%
14%
14%
14
14Ya'
20%
21%
20%
21 R
27
26 Ya
26%
25%
26% R
25
is y4
VR 31%
R 10
32
10 Ya
6% R-
37
.
26
•8Ya
39%
18%
*71
32%
14%
108
21 y4
v
.16%
16
R:
62%
62
15
14%.
21%
49
49
20%
26%
28%
84
*75%
■
18%
183/4
72
10
6%
6%
16
62% R64-RR
14 Ya
15
15
22 y4
22%
50
R
16%
16%;
X50
-
38%
102%
35 y4
35
38Ya
*101
16
♦22
50
47%
36
•101
46
45%
46%
50%
50
50%
46
49%
50
R.
172
•167
i
,
:
172
171%
32%
v
36 y4
37
38%
69
RR RR *78
435/a
36%
37Ya
377/a
"RR 69
69
♦78
80
20%
6%
6%
14 Ya
14%
*98
39
R.R
80
6%
13% :
RR * 6%
'
13%
100
38 Ya
'R 21%
;
20 y4
*98
100
39
:
6%
vR
R
.
69%
80
22
20 Ya:
;
,
38
"
Ys
;
13 Ya
100
32%
44%
R-R
38 Ya
•
R
50 Ya
172
38
21 y4
6%
6%
12%
RR:i4"::
'
*97
38 Ya
.
42%
37%
South
*38 Ya
22 y4
6%
■V
80
1,400
3,100
1,600
6%
38 Ya R"R.V
5%
rRR R'R;R 10
21
*97
38 Ya
22%
22%
22
22%
19%
90
90
18
16%
16%
44
45
110
.
22%
18%
89%
91 Ya
16%
17
43 % •
43%
91
16%
R, 22 Ya
R
19 y4
RR 18%
18 Ya
88 y4
no
40%
110%
25%
•82
*43
'
-
45
*107Y4 108
40%
110%
26%.
,
107% 108
40%
40%
-110% 110%
85
,22%
V
18%
*90Ya
1
16 Ya
*41 Ya
*108
-
40%
♦4oy<
♦110%. 112%
25%' 26%
.26Y4
25%
19
40%
22%
22 y4
19 Ya
R R/ 18%
92
89
R
16%
16
43%
R
..■R
18 Ya
7,600
R 10,600
640
16%.
3,300
800
43%
*41 Ya
109% 109 Ya
109
40
40%
-98ff
40%
2,800
*110%
26
27%
25%
26,
400
112%
11,600
83
83%
84%
64%
81
81%
1,800
93%
<89%
90%
90%
92%
90
92%
3,700
54%
,54
55 V
55 Vo
55%
91%
54%
92
53%
55%
53%
55'
41%
2
84
89
42%
67
67 Ya
»
82
•
;
113%
43
;
For footnotes see page
'
43
1739.
41%
67%
68
24
23%
24
;
42 ya
677/8
23%
.
,13%
41%
"
67
24
.25
•105%. 106
41 y8.
.
•105% 106
'13%
13%
;
43%
433/4
■
106
106"
'
13%
13%"
43%
43%
stk tr ctfs_.
,
41%
677a
40%:
41%
66%
67Ya
,..23,;
23%
42%
67%
23% ,24%
*105% 106
13%
13%
"43%
43%
14,800
-6,300
;
•105%
13
,43
21,700
"
106
100
13%
43
4,300
4,900
-
1,400
Sep
Sep
Sep
Sep
80
100
Sep
3
• 6y8 Sep
19
13
Sep 10
92
Sep
4
_5
:
& Sons.common——1
$4 preferred
Nopar
17
—
I
Co
—
Brands, Inc.--
$4.50 preferred
—!
-Nopar
:---—Nopar
prior preferred—Nopar
Standard Oil of Calif—No par
of
Indiana
25
Standard Oil of New Jersey
_^25
Standard Oil of Ohio———10
3%%
preferred series-A
Standard Steel Spring
4%
conv
preferred
;
100
—il
50
38% Oct
46
Nov
24% Oct
114
Jun
107% Oct
1
6
3
32% Jan
46%
Dec
36% Feb
14% Aug
41% Jan
44%
Nov
21%
Dec
65%
Dec
15 *
22%
Deo
7%
Sep
28
25% Nov
79% Nov
74
May
13% Jan
July
Aug
6% Mar
Aug
70% Nov
12%
Deo
48% Jan
96
29% July
13% Jan
4Y4 Aug
20% Aug
40% Apr
155
Apr
26% Jan
8
3
27
27
17
17
Jan
38% Jan
32% Jan
11% Jan
6% Mar
80% Jan
7% Jan
80
Feb
32
Mar
bee
40% Oct
18%
Deo
7%
Dec
36% Dee
60% Dec
180
Nov
37
Nov
24% Dee
62
Nov
60% Deo
87% Dec
93
Dee
21% Dee
12% Dee
20
Dee
Jan
95
Sep
44% Nov
39
Dee
R12% Mar
76% Jan
99% Nov
*
27%
/
39-
Dee
.107% July
38%Sep 20,
55
May 13 . 28
Jam
109% Aug 30.. .'115%Mar21 ; 111% Jan
22% Sep 19
60% May 28.
; 2% Jan
77 * .Sep 24
135% Apr 5*
' 67% Jan
84
Sep 24
149% Apr
6
;78% Jan
-42% Feb 26
; 59% Aug 13;
38% Jan
"
37
Feb 26. J 49% May 31
/ 33% Jan
62
Sep 20 ! ; 78%Mayl3 ,/-.56 /Jan
20% Mar ff
L30
Jqiy lT
19% Aug
*105% Sep 26
"108Va Jan 17'
105% Deo
12% Sep 24 ' 25 ^Feb lft*
; 9% Jfn
43
Sep 4
: 56
Jun "-4'.
7 —— —
V
22% Nov
36% Dec
24% Jun
30% Apr 23
13Ya Jan 29
V 27
May 13
104
July 16
51
May 24
40% Jan 30
39% Apr 10
'109% Apr Iff
.
Deo
22% Jun
64% Jan
.
21% Dee
12% Mar
15
27
11
15
3
11
5
1
24% Apr 25
.55
May 10
116
Mar 9
>
16% Jan
May 31
.
.
14% Dee
24
,
$7
Oil
Sep 20
Mar
69
\
Standard G & E Co $4 pref—No par,
$6 prior preferred——No par
Standard
Sep
9
Sep 11
84% Sep 17
vSquibb (ER)
Standard
.
Dee
7
18
15
33%.Feb 21
107Ya Oct
2
37
22
Deo
71%
30% Nov
3
Jan
May
July
May
Jun
May
Feb
Feb
May
July
33% May
70
Jun
65
Jun
90% Jun
96
Feb
15% Sep 10
17
37
65% Oct
18
16
11
18
29
16
91
T 55%
108
48
18%
8%
60ya
59%
193
39%
24
23
20
20
Spalding (A G) & Bros Inc
—1
Sparks Withington
——Nopar
Spear & Co
—1
$5.50 preferred
No par
Spencer Kellogg & Sons—
No par
Sperry Corp (The)———1
Spiegel Inc
—2.
Conv $4.50 preferred—Nopar
*
110% 110%
40
33
65
—_Nopar
-
500
90%
Ohio
30% Mar 2
48% Sep 24
171% Oct
1
30
Sep 10
22% Jan '3
25
—7.50
————
20
38 Ya
Co_
9
Square D
500
>
101
22%
Edison—
non-cum
Mobile &
'
*
California
'
.
Railway
,^-Nopar
preferred
—100
v
14%
preferred
Southern Natural Gas CoSouthern
v
1
*13 Ya
101
8%
4% Sep
5
Nopar
100
South Porto Rico Sugar
Southern
14y8 Sep 20
Greyhound Lines
Pacific
74
R6Y4
Typewriter_No par
Oil Co Inc.
15
Nov
22% Aug
20% Jan 11
85% Jun
7
27% Feb 16
24l/4Apr 17
Jan 28
Sep 19
Sep 23
44
Sep 20
36
Sep 10
101V2 Sep 26
29% Sep 20
.
Gold &'Platinum—1—1
Southern
*20
14
Corona
20
10O
61% Nov
29
32% Apr
40% Feb
39% May
91% May
26% Apr
87
May
61
8
15V4Sep 20
54
14
21
Oct
14% Deo
17y4 July
14% Feb
56ya Jun
26
QVs Sep 24!
6% Sep 24
35y4Sep 10
R; 38% Jan
110
a 15,500
*76
.
R;
preferred—
8,100
43%
*70
80
&
Am
Southeastern
46 Ya
38 y4
—
cum
Socony Vacuum
,
70
*79
R
22
,
46
39
69%
100
Smith
1,300
5,300
25 Ya
R
46%
—No par
(A O) Corp
(A) & Sons Carpet Co
3 %%
30.000
5%
:Ri" 43%
80
42%
R
34 Ya
14Ya RR
32%
172
69
44%
34%
v
Smith
Smith
25 Ya
R 50
44 Ya
25% '
:
R
14 Ya
5% RRRRR 5Ya
1,200
R. 2,600
10
38.
Steel
,
Nov
28
43% Jun
.
Sep 20
'273/4 Feb
—
:i RR 1,000
50
49%
2,600
R
*171
40
175 RRv> Rv-r
32 Ys
33 ./R>'
800
R
%24% '25
2,000
RR'
43%
25
14%
5Ya
46%
25Ya
25
36Y4
143/a
|R v;RR
33 V*
25%
32 Ya
69
172
*32 Ya
32 Ya
32%
25
R' 42%
36 Ya
*167
5Ys
220
102 y4
64
Co—No par
——15
Oil Corp :
——Nopar
Skelly Oil Co—————15
Sloss-Sheffield Steel & Iron—20
$1.20 preferred
Nopar
1,300
22%
—'
Sinclair
2,600
15
'R-RRR47'.:R' R 47%
49
38%
102 y4
14%
46 Ya
.RR; 22%
.
38
35 Ya
-
22%
■
Pen
Oil
Simonds Saw &
22,600
63
62%
15
(W A)
Union
66
115% Mar
x42% Feb
H33A May 8
Sep 10
19
Corp of America——1
Silver King Coalition Mines
_5
Simmons Co —:
Nopar
4,500
300
.
,15% R16-"
.
.
15
*101
14%
5%:
,
5%
63%
38 Ya
35%
143/8
;
102 V*
"
14%
5Ya
16%
>
R 63
RRR;RR 15
1*
Jan
19% July
110% July
8% Mar
22% July 11
24% Jan 17
Sep 24
Sheraton
6,900
47 Ya
38%
5%
6,200
37%.RR
47%
102 Vi
14 Ya
Shell
6Y4
6Ya
37%
48
*48 Ya
35 Ya
6%
38
*47%
:Rv':
5Ya
6%
37%
47 Y4
Sep 24
Sep 19'
—
3,900
9% RR
9Ya
2
37
64
May 8
34% May 29
116
Mar30
18
Jan 28
100
Aug 14
61
July 11
110% Jun 28
37% Jan 16
77% Feb
8
39% Apr 18
17% Feb
8
49% Apr 9
23% May 11
Steel Corp
—No par
24% Sep 19
Sharpe & Dohme
—Nopar
23
Jan
4
$3.50 con'V pref ser A
-Nopar :^ 77
Jhn
2;/.:
Shattuck (Frank G)
Nopar
17%Sep 19
Sheaffer
40
!
Jan
*
19
No.par / 108
Gas—
&
16
24
24
24
14ya Sep 19
Common —_———1
Oil
Sep
Sep
Sep
Sep
Sep
Sharon
"
1,400
,
RR
-32% RR,1
73
32 Ya
38 y4
22%
14 y4
6%.
10
R
18%
73
-
47%
*21%
102%
X10
6,300
RR
37 y4
;
35%
49%
18 Ya
-
33
lOYa
27%
-
44% Sep 30
ctfs——No par
preferred
Shamrock
5,600
3,300
25 Ya
:
$4.50
180
Line
Air
Inc
Servel
4,200
•75% R-84-'R:RR
72
32 y4
900
20%
27
19
74
"
'R
14%
25 Ya
84
33
3,400
-v"
110
v'20%
;
.
■
30,700
.
14
.15
*107
21%
26
R 27%
27
:R27-i.RR,
62%
-
39
*46
14 y4
108%
100
39%
13%
15
14%
14%
R
1,300
1,300
8Ya
38 Ya
14%
15 y4 R'RR
*15
49
8Y«-
'
,
Seaboard
8,700
25%
25 Ya
8%
39%
38 y4
i
15 Ya
*48
45
Sep
4
23% Sep 19.-*
110% Sep 11
10 ya Sep 19
61
Sep 20
-
103
17%
5% preferred series A
—100
42
Seaboard Oil Co of Del
No par
24%
Seagrave Corp —————
57
Sears Roebuck & Co—-ji.No par
36
Seeger-Sunbeam Corp ——*—5
13
Seiberling Rubber Co——1
14%
30
48%
21%
R"
50
,909
R
20
19%
-
15,200
38
,
48%
14%
■X
*75 Ya
10% R RR
10
16
38 Ya
i
26
18%
*
48 Ya
*100 y4
27
32%
62
V
*48 Ya
'■■R 25y8
65 y4
103
'
-
4,200
45 R RR,; 1
44%
103
"
6% R' 7
38%
R
R
20%
,,
.71
31%
"
37%
*46
V
84
R
18%
RR 71
18%
70 Ya
70 Ya
•
26%
,,*75%
84
*75 Ya
50
11'RRR
R64
;
21
14%
14%
*108
HOYa
110%
26
R
2oy4
14%
RR 15%
70
103/4
-
Lead
—
—10
Safeway Stores
:
—_5
5% preferred ———:—.—100
Savage Arms Corp ———5
Schenley Distillers Corp——-1.75
Scott
Paper Co——
—No par
$3.40 cum pfd
No par
7,700
45%
9Ya
.RR 38%
39%
25%
113 y4
103%
26
*8
15 Ya
*109
110%
64%
*45
103%
20%
21'%
14'
:
10%
66Y4
*103
*103
15%
14%
15%;
15%
25 Ya
*112 y4
St Joseph
2,700
25%
112
10%
46
103 R
.
112
52%
R si y4
'
*45
103%
;
52%
25%
112 Ya
*103
R,
25%',:
112 Ya
66%
65%
R
46
44%
11
10%
65%
R 63%
25%
113
'•RR 52%
52%
23% Deo
40% Deo
Dec
116
49% Dee
115% Aug
33% Nov
121
Dee
134% Deo
49% Dee
44% Dee
68% Nov
27
Oct
108
Nov
20% Deo
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, October 7, 1946
NEW YORK STOCK RECORD
AND
LOW
Sept. 30
Sept. 28
\$
t per share
STOCK
Tuesday
Monday
Saturday
*
per
19%
47%
CLOSED
*19
48'/a
19%
16
29%
29%
21%
21%
16%
16%
22%
23%
48%
*102% 104
15%
15%
104
15%
14%
*122
14%
63
63
*122
123
63%
-123
.
'
s,
48%
49
12%
21
21%
15%
15%
21%
.16% "
23%
22%
23%
14%
14%
107% ; J *106
107%
49
49 Va
63 %
123
13ya
63l/2
111%
8%
49
50
12%
44%
13%
20 Va
110%
111%
1 43%
1 41%
123
8V4
21
29
14%
123
48%
:
16%
63%
.
13
111
111
no
105
*102
21 Va
X20%
•
48
21%
48%
V
,
19%
47
21%
16y$
'
8%
>
13%
21%
'
19
,
••
28%
V 8%
48%
13
21%
110
*122.
-
^
8%
12%
,
14%
4:t^
43
-
30%
63%
;
8%
8%
48%
'
>*106
*41
.
29%
22%
I
15
19%
48
*103
105 '!
15%
15%
31%
21%
21%
16%
•'
42-"
19%
47
15%
30%
106j/2
106%
48V*
15%'
-
'':??;42
20
104
104
•
'
*21% .21%
>16% >16% ■
22%. 23y8,
15
8%
31%
30
107%
62%
20
Oct.
I per share
$ per share.
,
42%
47%
48
♦103%
*105
42 Va
20
41 Va- 41 %
43
*41
EXCHANGE
Oct. 3
I per share
;
Friday
Thursday
Oct. 2
>
.
f per shart
share
Wednesday
>;'•
>'
Oct. 1
j
.
BALK PRICES
HIGH
20%
111
v:
20%
110% my2
'
'
.42%
42%
40%
*40
42%
42%
41%
.
•:
41%
;•
*14
32%
32%
> ■?- 15%
32% V-32%
28
28%,
27%
25%
27
25%-
26!%
*14 i
32%
27%
28%
♦14
16
v
103%
104%
*103%
-> 8%
8%
8%
*
■
8%
* 14
1
41%
15 %32'%
28%
-
32%
*28y2
26%
27
103% il03%
8%
8%
8%
8%
•
w
T
44
44'
41%
*42
*40%
.
29
25%
27%
*103% 105
105 *
:
41%
15 %
32%
.
12%
12%
.1; 20
41%
15%
*14
32%
33
& 27%
27%
26 J/a
*103»%
26%
104%
8y»
8%
Talcott Inc
600
400
;
3,100
5
3
_____100
65
May 28
18
Sep
150
11%
12%
-Thermoid
$2'%
—
Thompson
19%
19%
19%
104%
103%
104 y4
17%
18%
17%
17%
43%
45
42%
14%
,14%
19%
T9%
19%
19%
♦102%
103%
102%
102%
17%
16%
17%
8,400
41%
42%
-
190
17%
43%
14%
19%
*103% T03%
19%
104%
14%
'
500
19%
17%
42%
1T%
43%
42
42%
15
>
15%
14%
73
34 y4
33%
34%
19
19
19
'
14%
33
*17%
Timken
6,800
19
■.
Feb
20% Jun
Corp .No par
Apr
9% Mar
53% July
10 y» Aug
7
69% Jun
18
112% Jun
12
13% Jan
29
Jam
29
68
8%
16
16
21% May 14
25
com__-*_jVo par
Water Associated>Oil
6
13
Jan
45
"July
106% Oct
4% Jan
Jan
31
10
$3.75 preferred ,v.;par
Timken Detroit Axle new
5
.8,800
.
10,100
14%
31%
-Tide
3,800
Transit
Thompson-Starrett Co_.w-__'_No par
$3.50 cum preferredpar
5,000
37%
177/8 Feb
;£ 70
preferred>"_—^50
(J R)
Products
•
61% July 26
30% May 9
4%. preferred «_-_^^^,___i^_100
;
—
37%
conv
Thompson
-
35%
Co
common^__u—1
Co
div
5,400
.
Ry
26% May 10
per
Third Avenue
1,700
15%
41»%
42
*104
107
6 Vi
6%
35%
Pacific
&
;i" The Fair _i
i,900
*14%
July 11
Texas
340
:
18
Thatcher Glass Mfg Co___
5
»' • $2.40 conv
pfd a.
„
„_No par
400
50%
11
68% Aug 21
25
32% Jun
600
10%
'
TexasPacific Coal & Oil_____^__10
Texas Pacific Land Trust
r_l__l
2,100
*50%
25% Jun>3:
60% Jun
4,000
*
19% May 18
03'->Jan .15
lNq par
4,700
■
9
„5
—^
Texas Co (The)
Texas. Gulf Producing
Texas Gulf Sulphur
8,800
*2,700
-
(James)
Telautograph Corp
^Tennessee Corp
800
iv,.
Roller Bearing
tTransamerica
No par
Corp.,.;,..,.
'
34%
33
*17%
.
33%
33%'
*17%
19
33%
•18
19
-v
100
7
106%
*106
106%
106
106%
17%
17%
*17
17 %i
*>17%
X. 42%
42%
42%
42%
•105
■'
52%
4214
52%
52%
*104
13%
LOW AND
Monday
$ per
f per share
49%
52 Ya
113:
i
% 52
Sales for
.
;
f per share
Shares
29
27 %
95
94%
95
94%
22
29%
-
*112% 113
1113% 113%
113
*109
112
*109
106%
*106
-
22 y8
21%
22
112
117%
119 %
118
120%
117
106%
,'107 "
107 %
•106
'107%
'
34
34%
34
34%
21%
2?%
21%
107%
;
,
107%
107 %
?G7%
*107%
28%
29%
29%
30%
29%
41% ' 42%
42'%
43 %
62%
63%
63%
*107
110
29%
30
64 %
*24%
i
-0
86
'
*24%
28
7%
*81
3%'
3%
47%
25
,
3%
~
22
*95
13%
13
39
45%
46%
45%
19%
20 y4
19%
Par
Range Since January 1
Lowest Highest
I per share
I per share
Year 1945
Lowest
$ per share
>
Highest
$ per share
Jan
20%
Jan
100%
Aug
25
Aug
104
31%
v
fiep
Jan
40%
40%
/
63%
63%
63%
66
Jan
28
28
26%
Feb
7%
I 7%>i?/8^
22% Mar
7% July
85
3%
47%
12 y2
46%
19%
.
-
y4
39
..
>
29
97>
13%
39 y4
stock
40
3%
13%
y4
110 :
110 "
12%
39
Range for Previous
stocks
york
pk m exchange
•29f
35
22%
;?>>47%:^47%''
*11
50
1
30^ V
•24%
-
7%
86 '
7%.
8
*81 >
47%
;
107%
34%
34
22%
22
par
109 y4 Jan
118
118%
106%
;;
new
...
•
106%
22 y4
106%
21%
22 y4
106 >
34%
prior pfd
Co_
>_
112
*106
121
22%
conv
Coach
94%
106
34%
No par
„Nopar
:„No par
28%
94%
118%
21%
Corp
13%
14%
111.-7
Twin
the Week
v
Film
53
14%
; 113
5%
'8,000
-
Friday
52 y4
.
Fox
preferred
prior pfd
' Twin City Rapid Transit-—Jfo
490
Oct. 4
I per share
27%
111.'
22%
21%
16%
Cen
$1.50
$4.50
.
■
14
*105% 106%
1,500
13%
50
16%
Oct. 3
28
113
111>
106%
13%
48%
Thursday
94V4
♦109
13%
Oct. 3
t per share
,
200
$6 preferred,-,
No par
Truax-Traer Corp ..„00—No par
20th
300
105
17%
16%
13%
*112
54%
105
49%
13%
*49
27%
*105%
~
.
12,000
SALE PRICES
v
,
1,300
18
42%
*52
Wednesday
;
share
,51%
13%
49%
55
105 a
*53
*103%
15% >16%
HIGH
Oct. 1
t per share
42 y8
13%
r-
Tuesday
Sept. 30
.17%
43%
55
13%
Sept. 28
17%
42%
105
16%
8atnrday
"17%
43 ft
*52%
49%
15%
13%
130
107
106 »A
107
*106
■13,300 '
6%
6%..
"
17%
,
*103%
104
48%
13%
7
:
52%
104
105
6%
;
_5
Transue & Williams BVl-^-.Nopar
uTri"Continental Corp
,
'
6%
.6%
6%
6%
6%
Transcont'l & West Air Jnc:
95
13%
; 38 y2
46%
'
15%
107%
16%
15%
16 ;
106%
107%,
19%
;
19%
15
106%
15i/4
*106
10%
11%
11%
-11%
11%
11%
19%
18%
19%
109
10%
18%
>18%
106
11%
106
V. 106 w?
15%
106
15%
202
^
32
*90%
92
-
90%.
111%
202 >
32
";
90%
.
,
11%
*196
107
15%
901/e
42%
7
32%
-
90%
43
7'/4
27
27%
18
18%
*10%
49
*68
57%
101% 102
56%
102%
58%
*157
51
*74
80
57%
160
50
161
59
,
69%
70%
148 y4
23%
47%
74
;
23%
74 y2
69%
147 Ys
22%
*51
5 %
5 %
5%
5%
5%
9%
10%
9%
9%
9%
109%
8%
71
58%
103 •
46
148 V4
*104
10%
40-
161
8%
16
8 %
109%
8%
104
8
70 y8
148
22%
52
5%
9%
109%
8%
*44%
50
44%
44%
♦20%
21%
20%
20%
11%
For footnotes
11%
11
11%
see
page
1739.
Dec
107% Not
28
Not
115
Dec
115%
112201
r£ 32
v,
26%
19
*15
128%
31%
11%
11%
*106
15%
106%
♦198
32%
v-
11%
106 >
15%
107 %
♦198
.
Dec
34% Nov
55%
Dec
12%
Dec
39
Dec
16% Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW. AND
HIGH
Saturday
Monday
Tuesday
Sept. 28
•
Sept. 30
SALE
Oct. 1
f per shar e
»r=l per-share
95%
96%
'
96
196
'190
*190
32
88
,«$.#
96
per
06
-
.196
•?
-?32
32%
86%
Wednesday
Oct. 2
* per share
.
PRICES
.
31%
Vp6j% : SB'/ST
97..
s per share
*95
"
■
?:'
32
.
*95
32%
<86%
-86%
»
,
V
-.
86%^
Universal
8%
,
630
V.
??STOCK
EXCHANGE
18%
17%
?*38 •?
•
CLOSED
17
1
36
100
41%
.
?i
-'••?•
41
121%
*120
?
47
*93
41'A
41'A
7
*120 Va
••••»■
38
33%
34%
?<?
145
*135
145
♦150
130:
X34 ?
♦135
*150
^
>
99
Vanadium
3,000
Van
Norman
400
?;l?
Van
Ra.alte
?
7,4(00
17%
:•-:
187
30 Va
1
„•,
!
—100
85
■?
May 14
Sep 19
Sep 25
Jan
10
49% Jan
178
10
Apr
f per share
Ja n"?
75 V*
200% Apr 23
101
Highest
t per. share
t per share
•1110%
12
Lowest
,
,110
Dec
200
NOV
Mar
83% Aug
48%
Deo
taj.-
9
W.t-
»—
Co..
Co
Vicks
5%
Shreve
Sugar
Co. 6%
.
Sep
16
Sep
19
25% Apr
30
13
Mar
36% Sep
15% Sep
r-
—.10
Co
&
19
2.50
Inc
Chemical
Vick
350
:
?$;??; ?;:
of Am—,.—No par
Corp
VertdentestCamaguey
90O
350
?.(•.
,;•'
6%
35
.
j
6%
,.•
72%
*120Va
24
58% Apr
24
32
Jan
26 Va Jun
17
13%
Apr
*47%
39
35
•
34
12
100
Sep 30
100
Sep
30
115
36% Sep
12
*135
*150-
180
*135
V
-
39 Va
"•'"?■• 34
145
180
*
•
150
-i.
"34
1
'
:?■?
?■■" ,14?
1
:
460
?:?
53
Va
Iron
5
.100
Sep
,—100
Coke 5%
pfd
6 %
•
135
Sep
171
90%
Jan
103
Dec
24%
Jan
45%
Deo
3% Mar
8%
Dec
Deo
59 V,
81
Sep
124
Jan
83
Deo
3
45%
Jan
56
Nov
45% Jan
30
36%
Jan
43%
Nov
52
29
Sep 24
100
Detinning
Deo
15
Jan
53
33
104
Feb
57
23
37
Dec
50% Nov
24% Deo
118
Sep
—25
Dec
22%
May 28
105
A_—.5
Co—__i._100
•34%
86% Mar
99% July 10
21
46
Sep 19
class
$
Jan
May 28
123% Apr
Jan
—,.25
(The)
-21%
108% Aug 23
12% Jan 29
80
Preferred
—
3
100
preferred
-
Visking Corp
"
Oct
8
51% Apr 30
6% §ep 24
63% Sep 20
118% Jun 24
__100
pr,ef__
Coal &
103
No par
r
Virginian Ry Co__
Vulcan
1
180
100
prefered
•
GOO
1,700
partic
Va El & pow $5
.
_7°
t
div
6%
Feb
113
.ya-Qaroljina Chemical
.
400
.
1
95
(49?;?
39
-0-h
/ ?; ;;
,
19
—.2.50
preferred-.
non-cum
3D
19
Ry———100
Fac
Victor Chemical Works—w
31/2%' cum preferred
y
3,3QO
t
121%
*85
47%
-
i
r.71-,
95
1,800
20
7
71
122%
:.39-
34%..
f
41
104
*85
?
101 *
*93
40
145
-
35
*93
*102
6%
122%-- •121%
39
■;
42
*71
.;•
95
39
37%
103
1C3
72%
'
•???.-17%::
?:"■;•■'■ 35 ??'
101
*47% ..49 -■■;?.? i". 47%
-*150? 180
*135
17%
99
*85
38
Inc..
shekfi
92'/, Sep
'
104
..
17
37%
35 ?■'??
*93
95
35
;>
*34
Va
*71
38%.
*37
37%;"
47- •■-:•
47
;
101 r.V'
7
121%
*82
47 ?
•
*101
73
120%
J
95
*82
?')>?>
6%
*70.
73%';
17%
101
*93
41
Co
v
1,700
-
•
?•?•■ 16%
37%
17%
,
19%
19%
17%
35% i?? '■ '■?. 25
*93
:
20%?:
16%
?
;
40
•
104
6%
38
*35
•;
>
101
*101
19%
17 V4 \
17%
1
.•?,
99
20%
38
;
35%
*93
67/a
,
35%
*93
J.03%.*
6%
~i7%
,:
•?'
*20%
'
Par
Year 1946
Highest
v?
17'A
38%
*38
41%
103%
...
■
b
20%
,?";17%
17.
?
Va';.
v
■
37
100
.
10:
100
100
r
;
38%?
17%
-
20
20
20,;
■
•
.
preferred
?
f
■
,100
Pictures
4%%
-
y
$ per
Tob_—.No par
preferred
Universal
3.100
••
Leaf
f
lowest
?
•
170
'
•
Range for Prevlona
Range Since January 1
EXCHANGE
Shares
97%
—*190
196jCY
31%
32y\1
196
32
*85 -87%vii-:
97%.
*190
,
t per share
"
STOCKS
NEW YORK STOCK
Frlda*8alesfor
Oct. 4
" the Week
*
Oct. 3
share
196
*190
'
32%
Thursday
Sep 24
24"
10
9
Apr
July
Apr
170
Mar 29
120
Mar
178
May 11
145
Nov
Mar
W
*62
65%
*62%
66
63%
m* .17%
17%
17%
37'/a
36%
36%
37
♦106'/a
107
*110
111
ll'/a
.
?101
.
:
.
i
15'/4
'
101
19
27- ?
11%V<J
27
*25 V4
25%
27%
27%
-25.
28
"
21%
21%
24%,
24%
10
35
35%
,
9%
"33*
119
115
6%
*112%
*13
29%
25 Ve
94 V4
*32
:
*6
6%
:
'
90
95
-
«
w
*145f
39.
-
40
^
54% "
84%
90 '
95
,
•
•;
*83%,
85%
'."68%
18% :
...
-
,
46%
HI
101
'
-
•
*37%
13%
-
14%
97%
16%'
?: 118%
6
33%
•22%
26,200
>'»99%~ 100 , ?-
37%
37V4
700
;.o
,
*60
75
*101=% 103%
:.:^41%v■•42%
.'!94%
-
33%
12%
98
6%
11
14%
•
.,6%
v."
165
>•"
*39%
55
;
•
85%
70
.
541/4
541/4
2,300
400 f
"
500;
Oil
Jan
Sep
&
Co
6%
(F W)
•
.
101
Jan
112
Dec
113%
Sep
118%
Den
11
106
Jan
9
3
Deo
Jan
13 Va Jan
12
Deo
Deo
61
Deo
4%
Jan
14%
Jun
37%
Jun
32% Jan
17
13%
Feb
56 Va Jun
14
30 Va
Jan
57 % July
Apr 24
64 V«
Jan
92
101
53% Jan
14?
14
41% Jun
17
24 Va Sep
39% Jan 30
99
Deo
3'/a
Jan
16
32'A Jan
20
May
Oct
32%
25
39
118%
22% Mar
90% May 14
45
Jan
18
107% Jan
56
26 ya Jan
35
Oct
27 Va July
31 Va Aug
38 Va
Deo
27%
31
Jan
11
Jan
18
62% May 29
Oct
64
72
106
45%
Jan
Deo
Deo
105 Va
78
101% Aug
31% Jan
•
Deo
43
Feb
100
Oct
37'/a May
50% May
37% May
30% July
45% J.Uh 27
Sep 26
Jun
43% Aug
,
29
63% Jun
>
7
29% Sep JQ
Feb
107%
Jan
47%
Deo
93 V» Sep
27V4Feb
87%
Jan
26
44
May 28
21%
Jan
31 Va
Deo
25 Va Sep
por
1
18
44
Jan
26 Va
Jan
47%
Dec
8%
Deo
19 v
107% July 26
12% Sep 24
,
?
l?VaSep
16 Va Sep
142
...
Co..—.^___n.10
,
Mar ,5
Wright Aeronautical
1^.No par M
72
Wrigley (Wm) Jr (Del).—'..Wo par. • > 68
Wyandotte Worsted Co new.—
5 ??
14
Sep
Deo
26 Va
Jun
16
16% Mar
21
July 10
July 26
160
-
t
52
10%
7
Jan
128
.62% .May 29
Oct
22
Jan
Deo
138%
Deo
37 •'
22 Va Jan
May 31
Jun
19% Nov
13% Jan
Jun 14
>
35
6'/a Mar
21% Feb
Feb 26 »
43% Sep 10 "?
'
12
29
101
:? 34
'
18
94
26% Jan
26
Oct
Jan
12% Jan
19
19
103
83% Jap
30
Jan
July 11
May 21
36
95% Sep 24
>
.10
L_10
105
6% Sep 20
10% Sep
28
23% July 10
??. 81% Sep 11
x33Va Jan J7
par-
—No par
Co.,rI._
Iron
Jan
35
24
12.50
gfd—lOO
Jan
109%
116% Apr
>
24
X,
.
——5
Co
100%
27% Sep 10
—_—20
Pow
1
6
21 Va July 19
Inc—No par
El
30
Aug
117% Aug
7
119% May 16
53 % Jun 10
19
Sep
8
122% Feb
2
:__12%-5$v 35% Sep 20
Co
^Wooiwor^h
-7001
3,100;
:
37
Nov
113 ya Nov
Worthington P & M (Del)
No par "• ■
47
Sep 19
Xi Prior pfd 4%%:series_l
i.100 jX?; 84% Sep 30
Prior pfd 4%% conv series.l.100
87% Sep 27
10
.68
:';>I8-
23% Mar
Apr
119
4
20% Sep
12%
Instrument—.
Woodward
600
6,700
•
*83J/a
1.8%
Corp
preferred
..Wisconsin
'
50%
:>8Q ,■>■ 85
.*89 & >92'
Electric
$4.25
preferred
Wilson-Jones Col—..—
41 ••'
49%.
Wilcox
Wilson
if
16%
4,65,
10
25
Sep
-
Willys-Overland ^Motors——_____1
98%
•'
♦145X.
S,
Nov
89% Nov
75
.No par
Corp
mm
*16%
Brake
preferred. ?i—d>_Wo
conv
Prior
•
Air
prior pref——.Wo
conv
$4
0
'14 ' >•14%
98
16%
$5
X
^r:
35.
Dee
38%
Apr
14
No par
!
Elec
16%
Jan
27
White Dental Mfg (The S S)____20
White Motor Co.—...
'
1
White Sewing Mach
3,100
$ "90
r-
—.1—
"*7%~DM
May
24
5% Sep
,
9
84 %
16
100
Jan"
30%
20
89 Va Aug
Wheeling & Lake Erie Ry——,100 . -!
63
Aug 20
? 5 % To. cony preferred
—100 -101
Mar 26
Wheeling Steel /. Corp_——.No par '!■&■} 37 'A Sep 10
490
2,000-
*31-,.
6%
v
:? 300
:
26%;.;
*82
>
11%
*97
95--:v% /
12%,
:•,'.
,11%
14%
•:•
25%
.
•13 Va ;
90
•
^-33%
3,500
B
Weston
16% Apr
24
100
Deo
33% Deo
43% July 11;
35'A Feb 26
comJNo par
32
.
45
14% Sep
A—
Deo
21% Nov
30
111y4 Sep
—10O iX;,
Deo
Deo
50
;
5,
47% Jan 31:
19
1
57
16%
105%
Oct
Apr
14% Aug
24 Va Jan
20
Mar
Fej? 49
29% Sep
3
;?
14
35% Mar 14
jl9
Deo
14'/a Deo
16
34%
30
13 ;
10
Jfin
91%
29%
.
30% Jun
Oct
Westvaco Chlorine Pr,od___—Wo par
:t? $3.75 preferred
...No par S
..
.
Sep
9% Sep
Co.Z—No par
Preferred
700
50
Sep
110
Jan
8% Oct
20
Nov
110%
Aug
8%
18% July 19
12
78
61% Mar
23% Aug 29
Sep
2nd preferred
series
Westinghouse
Westinghouse
240
471/2?
??
;
.23
Western Union Teleg class A .No
par
Class
261/4
•-*45%
Sep
105
7
107% Feb
114
Supply Co
Maryland Ry_
non-cum
20 Va Jun
106
Auto
Preferred
II,200
25%
34
;>'5.33%
f 100 s 100
'
Mar 26
154% Aug 12
pfd—100
Western Pacific RR Co
2iy2
26%
190
18%
400
6,400
89
-
2,800
29%
50%
*83%
4 c'o
28 3A
39%
53%
Western
Deo
Mar 15 '
100
2,700
21%.
.
5
__-,_5.
preferred
Western
29%
38
Pap
Deo
42
Apr
111
100
&
20
Jan
31 ? Sep 20
4%%
1,400
75%
21%
Pulp
Jan
18% Jan .24
-27 4Sep 11
20
Sep 10,
Inc__rr^_—L„_5
Power
Sep
13%
30%
Sep 24
17% Sep 24
No par
Western Air Lines Inc
,,33'A
*13
21%:
Penn
? West' Va
18
75%
Co_
64
14
29
19
.25
21
54
100
;
Feb
23% Jun
,
26
Sep
?/xll%
No par
Co_L__ —>r
Tobacco
4%%
6Va
33
i79;?M
Lt
Feb
10
5
Cqrp_————_5-
1,600
.
66.
*15
Gas
Motpr
98
'
-
__)00
preferred
West
20
114
6V8
17%
6 7c
20
1.90Q
15 V, ,15%
.66
.
86
-
19
Sep
3
Apr 12
"-Wesson Oil & Showdriftl._i:—No par
31% Sep
100^ ?X
$4 conv preferred
No par
' 85% Sep
West Indies Sugar Corp—29
3,500
Sep
40
•West Psnn Electric class
Az-Nopar
108
Sep
60
7% preferred
100
115% Jan
•
40%
*113
No par
Sep 11
Sep
400
115,$:
40%
ii4
75
35
•145
165
113
*114
42%
-
118%
113
114
43% ,i
94%
-*82
16%
.
?
W,-^--No par ? -r;
Wayne Knitting Mills
Wayne ^um^ Cq.
Webster
1,300
*110.-c- 110%-
$
:
103%
6%
50-
29%
26 ■ v.;
34%
113
45%
46% •
*33% '■'.34? $
34
*31
.
♦68
68%,
18%
.
7
90
•
*13
•
34%
"Waukesha
"
.1,200"
10
118%
*32%' ,33%.;
27 Va
26%
11%
*85
,•
90
42%
94
■
39Va
•
53
-
*96%
♦145
51
':
11%
13%
^
*101%
,
31%
•16%
165
49%
,
»;
-
;
A
27%
*6%
*96V*' 98 1'.
♦16%
16%
<
95
12%
13
*82
»
90'
*30 h 35
.
11%
12%
13% '14%
-
7
27?
-n-
•
43%
21%
21%
37%
*61%
105%
42%,
*30%
38 ■
7%
»6Va
21%
3027
•v-v*99
*61% "^5
33%
*75
37%
46%
13%
*3i
-
21%
*33%
95
vA82
76
25%
♦101
*15
34'A
29%
.
6
17%'
-s*13Va
•
-.27 V,
12%
6%
•
33%
«33%
••
27 ?
...
16
76
75
:
68
,
103%
42'/,?
42%
*112%
10
86%
16
47
•61%
114
V
35.1/4
$35
,
32%
67
6%
32x-
♦101
&
preferred
.Washington'
700
I,100
56
17
34
"i05
v
common—-——1
WarrenT Petroleum
8.00
!
23%
;.,32%
16%
:*98%:.i'99%'.;:-
•
Co
"
.
t'23.?;
:•?■ *85%
67%
:
46%
G
Co„—_—
Baking
5%%
100
.No par
—_100
—
Warner Bros,Pictures
pew
Warren Fdy
Pipe
400
28 y8
86%
15%
♦15
32
X
8ptO
25%
33% '4
67%
37
•
41%
34
16%
26
37
.
26 :;>;-
-:X.21
;?
.
10%
67
76%
22
21%
30%
".21%
114
35%
15%
33%
32%
•'
*112%
114
110 118%
*111%
.
67
,
6%.
*75
.
40%
18
'
33
*111%; 113
*113% 115
41
42%
111%
40%
15%
*15
:
112
*113 %
114
34
*85%
33%
*118
67%
•
33%
...:-*lll
.
15%
86%
"
112%
40
67
*85
.10%
.
118
118
115
♦112%
34%
*111%
110
118 %
39
*33%
33%
*110
110
118%
10%
,•
89
33
-111% 111%
♦113
34'
♦85%
33%
•lOVa
10
*33
85%:-. 85%
,?
230
*27%
28%
21%
35,: ■
Ward
preferred
—T—^—.No par
Co^
Walworth
r
21,700
*25Va
•>'25 Va
:::
25
r
24$
34
102 Va
>•18% .U9.W&
System
■
21%
10
5,700
8,200
15%
Wabash RR 41/2%
4'U preferred
Walker (Hiram)
3,500
'11 %
i 102%
C
10O
117V4
10%
27
23
34
Walgreen
m'..15
.19%
.
Waldorf
1,000
114
..
.
*?.
*26
H Va
1,100
37
*106% 107
15% i
.15%
1.01% 102%
:
%■' 18%
""18
107
112% 117
113A
' :
15
*106%
171/4
36%
i
100
17
4
63%
Nov
40%
Jan
Aug 43
25
38
Jan
79
100
Apr
79
Jan
109
103
May 10
80
Jan
100 ya Nov
75
Jan
110
Nov
69% Mar
84
Oct
74
>
82% Apr1
4
105
Oct
3
Sep 19
1
Feb -4
25% Jun
53% Deo
Nov
Nov
6
""
•
.
LOW
Monday
f»tarday(
Sept. 28
Sept. ?0?
3
f per share
AND
HIGH BALE
Tuesday
I per share
PEICE8
Wednesday
r.,?;' Oct. i .:?;?$$$"■ Dct. 2
«' I
per
store >
;
# per store
Thursday
; Oct. 3*;
A per share
Friday
:v: Oct. 4 j
I
Bales fore
the
per share
-; -
xr'
Weeki
Shares
'
>. -;
,
:
-
.
.
,
STOCKS
NEW YORK STOCK
EXCHANGE '
*
< %
Range for Previous
r ■:
'
C
r;.
.
'
;'X
fat
\
$ per share
.
4
Range Sine* January 1 Lowest
Highest :■
<
9 pet share
,
Year 1945
Lowest
?4
| per share
Highest
i per share
i mm. i mmi
8TOCK. ?
*
16%
17
?
17%
18%
61%
EXCHANGE
CLOSED
40
63% 1
40
'
■
19
Yale-tf Tqwne,Mfg Co——*—25
*
36% Oct : 4
rr._
—J : .^,15 \8ep
3
Young Spying & Wire
No per
t
17
Sep 24
Youngstewn Sheet fy Tube—N? pgr V4: 57'% Sep 24
Youngstown Steel Door—'
Wo par ? ?
18
Sep 12
X
v
2,800 (
2,000
•Bid and asked prices; no sales on this day. "Jin receivership,
•
York. Corp
a
Deferred delivery,:
n
Sew Block
»
> '
"...
♦•■>•
V."y,/y •!*'''.'tJ
Zenith ' Radio- Cprp.'—Wo
Zonite
dash sale,
a
Products
Corp
Special sales.
t
par:
Ll
V>
**\ $ \
v21% Sep 19,
-v
9
,wd When distributed.
Sep 23
61% Julyt l '
'
27Va.Jan 31
-
35% Jan 17
'C
•* 92% Jan
13% Jan
19V» Jan
39% Jan
-
83'/8 May31
31
Jan 29
C-'(•
:
20
.-"-f .f
•"
•42% Jan 15
14% Apr
x-Ex-dlTidonda?
y
'
18
Mar
.
•>.
..
34% July
5% Jan
Xz-rights.
47%
Deo
24%
Oct
31 Va Deo
70% Deo
•
27% Sep
;j
'
?
"■
\
44%
Deo
12%
Deo
.t
»'.
"Stocks,
Railroad
ftumber of
"
.
and Miscel.
Bonds ;
Week Ended Oct: 4, 1946
Shares
■
Saturday!
Monday___
Tuesday-—
Wednesday
ThUTSday
Friday
888,205
—
Government
Bonds ■
958,490
4,410,000
919,040
3,750,000
916,830
3,424,000
4,740,681
$20,969,000
$1,301,000
,
Saturday
245,560
Stocks—No. of shares.
1946
6,926,460
$99,500
$44,000
$18,189,000
1946.
f
1,697,000
63,298,200
964,367,900
1,762,*720,000
Domestic—
listed
:-.k
•
on
$30,651,500 $1,045,855,100 $1,841,307,310
t i•'• •'
Va
«i
♦ i
f
v
W
a
!.
*•,
•
*
' >V
10
..."
10
•••'"
J
20
15
"...
<■•
Indus-
i
Date—
'
Rail¬
Utill-
-.
65
<
:
ties
••
Stocks
trials ;
i'
September 28I__.:»
*
September 30^",'
;
172.42
October 1_
47.72
_
47.46
34.44
47.85
61.86
•
169.80
34.68 V
47.10
34.48
Grade
New
trials"
Rails
Exchange
•
104.11
-110.98
110.97
89.42
103.86
110.98
el
61.73
103.91
103.83
107.51
110.75
103.00
107.54
?.
>103.02
107.55
89.50
110.93
61.09
•
i'
102.96
89.55
\
107.58
89.46
107.58
100
NOTICE—Prices
week,
and when
"and
are
;*-;1
Trust Co
*
LOW AND
Monday
Sept. 28
Low
;
:*
High
STOCK
]■
EXCHANGE
CLOSED
,1' '
''
v
HIGH
"Interest Period" indicate
r'YY-"
•
SALE
••'•
Y '?'f—' Figures
PRICES
Tuesday
Sept. 30
High
>
Oct. 2
Low
High
Low
in each
Thursday
Oct. 3
;
Low
High
case
the
v.,/-
(Fulton
122
•
-
106-
•
-
40%
46%
19
-
7';v
.
v
57%-
—10
100 1,650
200
—25
Co
1,710
-
States
;•
56%
269
263
41%
98%
39%
>
43%
94%
25
Trust.—
53
54%
20
100
12%
41%
12
United
17%
1,900
50
25
41
318
'
16%
——100 1,850
10
Title Guarantee & Trust
"
-
——100 ' 309
Sterling National
26%
:
38
-L—100
210
190
Public NatT Bank & Trust.17%
102
23%
inn
——
Ait
Bid
Par
Morgan (J P) <Ss Co Inc
National City Bank.
New York Trust
'20%*
<■
97
■£'
*
y'.'j
Manufacturers Trust
.
c
41%
,
55
.
v-
t.:-«
39%
;
100
74
£9
.
14%
715
;
;
16
,745
>
Exchange
the
ene
Friday
Sales for
Oct. 4
-
High::
Low
bonds mature.
more
32d
of
a
*
:
8
'.v'}^^-w"!'^.1/;■
I';.!
point.
*103.19
103.21
*103.18
103.20
*103.18
103.20
*103.17
106.29
*106.26
106.28
*106.26
106.28
*103.26
106.28
*106.26
106.28
BONDS
V.
NEW YORK
u-
:4, ,'v'
103.19
*106.27
GOVERNMENT
a
the Week
Bonds ($)
High
103.21
108.30
or
■
Range Since Jan. 1
; Highest
/-
Lowest
STOCK EXCHANGE p';
Treasury 4%s
Treasury 3J/aS
1947-1952
■
104.14 July 12
Range for Previous
Year 1945
;
:y
104,27 May 16
Lowest
Highest
106.13 Nov
109.24 Ma*
111
1949-1952
J~un~28
*108.28
108.30
108.31
*108.29
108.31
*108.31
109.1
1951-1955
110.3
*111.12
111.14
*111.12
111.14
*111.12
111.14
*111.14
111.16
♦111.18
111.20
Treasury 2%s
1955-1960
112.21 Aug 23
1 02.25
*102.22 102.24
*102.22
102.24
*102.22
102.24
*102.22
102.24
Treasury 2%s
107.15
*107.12
107.14
*107.12
107.14
*107.12
107.14
*107.13
107.15
Treasury 2%s
1951-1954
107.23
*111.18
111.23
*111.20
111.22
*111.22
111.24
*111.23
111.25
*112
112.2
Treasury 2%s
1956-1959
113.12 Aug
*112.1
112.3
*112.1
112.3
*112
112.2
*112.2
112.4
*112.10
112.12
Treasury 2%s
..1958-1963
*113.14
113.16
*113.14
113.16
*113.8
113.10
*113.11
113.13'
*113.18
113.20
Treasury 2%s
1960-1965
*103.5
103.7
*103.5
103.7
♦103.5
103.7
*103.5
103.7
*103.5
103.7
Treasury 2%s
1948
*104-25
104.27
*104.26
104.28
*104.26
104.28
*104.26.104.28
♦104.26
104.28
Treasury 2%s
1949-1953
*105.20
105.22
*105.20
105.22
*105.18
105.20
*105.18
105.20
*105.19
105.21
Treasury 2%s
—1950-1952
105.7
*105.5
105.7
Feb"l9
1948-1951
*107.13
*105.4
105.6
*105.4
105.6
*108.29
♦105.5
Treasury 3s
1U.18
Aug~23
109.22
115.23 Apr
12
2
106
Apr
106.6
Oct
107.15
Apr
2
107.15 Jan 28
106.28 Sep
107.25
Jun
*105.5
105.7
Treasury 2%s
1952-1954
106.30
*106.31
107.1
*107
107.1
Treasury 2 %s
1956-1958
108.4
104.11
*104.11
104.13
*104.12
104.14
Treasury 2%s
1962-1967
105.22 May
*103.23
103.25
♦103.24
103.26
♦203.26
103.28
*103.30
104
*104
104.2
•Treasury 2%s
1963-1968
104.9
Jan
10
*103.10 103.12
*103.11
103.13
♦103.13
103.15
103.15
103.15
♦103.17 103.19
Treasury 2%s
June 1964-1969
103
Jan
4
*103.9
103.11
*103.11
103.13
♦103.15
103.17
*103.15
103.17
103.6
*103.6
103.8
*103.11
103.13
*103.13
103.15
103.4
*103.4
103.6.
♦103.8
*102
102
102
102.2
*102.1
102.3
103.10
103.12
102.3
102.3
♦103.10
*102.5
102.7
.' Treasury 2%s
."Treasury 2%s
Treasury 2%s
Treasury 2%s
♦105.3
105.5
♦105.4
105.6
♦105.5
105.7
*105.10
105.12
*101.31
102.1
*102
102.2
*102.1
102.3
*102.4
102.6
*102.5
102.7
*105.17
105.19
*105.16
105.18
*105.17
105.19
*105.17
105.19
*105.19
105.21
*103.29
103.31
*103.30
104
*103.31
104.1
*104
104.2
*104
104.2
.*106.31
107.1
*106.30
107
*106.30
107
*106.31
107.1
*107.3
41,000
'•105.11
-'v.
*104.23
104.25
*104.23
104.25
*104.24
104.26
*104.31
105.1
*101.16
101.18
♦101.16
101.18
*101.17
101.19
*101.20
101.22
*101.16 101.18
♦101.17
101.19
*101.21
1
105.13
j Treasury 2%s
Treasury 2Y4S
Treasury 2Vis
Treasury 2%s
*105.1
105.3
101.22
Jan
17
108.4
Jun
7
1
107.27 Apr
107.4
Apr
102.22 Jan
107.9
2
16
Apr
9
107.19 Apr
4
6
101.16 Jan
4
.
Sept. 1967-1972
106.28 Apr 30
109.15 Feb
18'
100.30
Jan
£ 107.28 Dec
101.15 Jan
106.16 Apr
8
100.23
Dec
101.15 Dec
106.15 Aug 12
106.15 Aug 12
106.29
Oct
108.17 Aug 12
108.17 Aug 12
Dec. 1967-1972
1951-1953
.
2
6
.
1954-1956
.
107.14 Apr
3
100.27
2
104.16 Apr
101.4
Jan
4
B
3
100.15 Sep
100.18 Dec
101,12 July
100.27 Deo
102
Apr 29
102.26
Sep
103.28
102.3
Oct
102.9
101.22
Treasury 2%s
*101.14
101.16
*101.14
101.16
Treasury 2s
*101.10
101.12
*101.10
101.12
*102.16
102.18
*102.15
Treasury 2s
March 1948-1950
102.17
♦102.15
102.17
*102.15
102.17
*102.15
102.17
Treasury 2s
Dec. 1948-1950
*102.4
102.6
*102.4
102.6
Tueasury 2s
*102.9
102.11
*102.9
102.11
*102.10
102.12
*102.13
102.15
*102.13
102.15
Treasury 2s
*102.13
102.15
*102.13
*102.14
102.16
*102.14
102.16
*102.13
102.15
Treasury
♦102.16
102.18
*102.15
102.17
•102.15
102.15
102.17
102.6
,
2s
*102.15
102.17
*102.16
102.18
102.25
♦102.22
102.24
*102.22
102.24
*102.23
102.25
*102.22
102.24
Treasury 2s
*102.26
102.28
*102.26
102.28
*102.28
102.30
*102.29
102.31
*102.30 103
102.27
*102.25
102.27
*102.26
102.28
*102.27
102.29
*102.26
Treasury 2s
June
*102.28
102.30
*102.28
102.30
♦102.2.8
102.30
*105.8
105.10
*105.6
105.8
*105.7 ' 105.9
*101.1
101.3
♦101.1
101.3
*101.2
101.4
*100.31
101.1
*101
101.2
*101
101.2
asked
price.
No sales
transacted this day.
a
*102.30
' "*105f8
*101.2
,*101.1-
Odd lot
103
*102.29
102.28
102.31
? 165.10'J*105UO 105.12:
.
101.4
*101.2
101.3
*101.1
101.3
Treasury
I
Dec. 1949-1951
_.
transaction.
2s
"
Apr
Apr 29
Jan
104.24 Jan
105.1
Nov
Apr
July
104.24 Jan
17
102.20 May
Oct
102.27 Jun
102.26
103.22
17
Jan
Feb~6
101.29 Jan
103.5
Dec
102.21
Jan
103.9
102.26
103.9
103.7
Jan
5
103.8
Nov
Dec
March 1950-1952
July
Oct
102.10 Feb
103.16
1951-1953
102.22 Sep
24
104.14 Jan 28
100.25
Jan
103.30
1951-1955
103.13 May
18
103.13 May 16
103.1
Sep
103.1
Sep
100.17
Jan
104.4
Dec
Sept. 1950-1952
__
—
_
Treasury 2s
1%iS
June 1952-1954
Dec. 1952-1954
Treasury l%s
103.4
104.3
Apr 26
Mar 15
104.26 Feb
103.15 Aug 20
18
i..
4-1948
1950
Dec
104.29 Feb 21
24
100.13
Jan
104.6
Dec
106.12
102.25 Sep
Jan
106.12
Nov
101.31 Mar
9
101.9
101.23
Apr
102.17 iiJar
8 ' <
Jan
100.26 Aug
101.19
Dec
1953-1955
__
'Treasuiry
101.4
1949-1951
104.7
102
Sept. 1949-1951
Treasury 2s
*102.25
—
Treasury 2s
*102.23
Dec. 1959-1962
1947
Treasury 2s
102.15
*102.4
Feb
~ 108.21 Nov
17
101.17
♦102.13
108.21 Nov
104.22 Sep
101.11
102.10
107.26
Feb
Feb
July
100.29 Jan
*101.15
102.5
101.24
1956-1959
*101.9
*102.8
100.20 Aug
June 1959-1962
,
101.17
*102.3
Jan
1952-1955
101.11
*102.12 102.14
July
1966-1971
♦101.15
102.11
102.7
102.2
102.3
5
12
*101.9
102.5
Jan
100.10 Jan
100.18
Apr
101.18
102.15
100.15
102.17 Aug
102.9
July
107.9
101.11
*102.9
Jan
Jan
Sep
Nov
July
107.10 Apr
106.15 Apr
101.17
*102.3
100.18
100.17
105.24
108.15
#103.4
June 1967-1972
Treasury 2%s
♦102.13
Jan
2
*101.16
*101.20
Jun
4
*101.9
101.23
107.1
102.11 Jan
♦101.15
•
105.19 Aug
.100.28
102.11 Jan
.
"Treasury 2%s
1 107.5"
*101.20
Treasury 2%s
107.5
7
105.29 Aug 19
Jun
2
1965-1970
.
.
j
-■
Dec. 1964-1969
Oct
Dec
Nov
Apr
106.16 May
♦106.28
*103.2
113.30
106
*104.9
*103.4
113.20
Jan '
116.16
106.29
103.10
Jan
Jan
104.10
103.5
112.10
113.2
*306.27
103.3
110.15 Mar
Feb" 19
*104.8
♦103.8
108.27 Aug
118.23
106.29
*103.3
Dec
106.11 Mar
Mar"l2
104.10
*103.1
15
Apr
114.25
118.15
*104.8
3,000
Feb~~6
111.27
112.17 Aug
Jun
112.21
115.26 Jan 17
Nov
105.14
*106.27
and
...
Irving Trust
Kings County Trust
Lawyers Trust
*102.23
•Bid
.
Trust
YEARLY
-
month when
after decimal point represent
"103.19
*108.28
•
'
30 %
.
Wednesday
Oct. 1
'
Low
WEEKLY
-
...
44%''
'
v.
r
20
Fiduciary Trust
$64,614,000 $131,877,000
interest"—-except for Income and defaulted bonds.
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions of
the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales in computing the range for the year.
fly-
:
Saturday
♦
New York Stock
«»
-26,501,000
936,000
outside of
The italic letters in the column headed
k
<•
~ f, 395 1
• >Grace National
42%' 1 "44%
< Guaranty Trust
117
Exchange Bank &Trust_20
Empire Trust
50
'/Federation Bank & Trust
10 '
■j
9,487,000
402,000
$2,589,000
t.
*380
100
Corn
102.90
FRIDAY
the
.Ask.,
28 %
——10
—;
;First National Bank
Bond Record
Bid
10
; Continental Bank «fe Trusk—10
; 102.99
$54,725,000 $104,440,000
6,000
City Banks & Trust Cos.
Par
York—
Commercial National Bank &
.»■
■.
$2,310,000
' - 273,000
•
Quotations for Friday, October 4
.
t.Chemical Bank & Trust——10.
Bondsi
'
89.45
'
40
•
ties
Closed
•104.06
«
Utili¬
?..
central Hanover Bank dc Trust 2O"102
*
;Chase National Bank
15 ^38%
Totalr
10
^ ..'Grade
v Rails v:
62.07
-r
47.70
_
Second
61.56
34.86
_
October 4
First
-
Indus-
.
34.45
-
172.72
J
10 r-
Closed
171.47
Oceober 2
October 3
roads
Exchange
Total
;
-
Brooklyn Trust
■
■
30
*'
I
of
Bankers Trust
','.V
»....
>
Bank of the Manhattan Co
Bank
148,000
18,000
New York
!.%
Stocks-
■
,
1948
84,632,398
113,960,225
*'i
'*•
$1,331,000
Stock and Dond Averages
are the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
■ ,
.'i
Jan. 1 to Oct. 4
1946
3,300,060
$1,165,000
Foreign government
Foreign corporate
Below
,'u;
263,000
1945
1,420,530
•
Total
%
$1,331,000
Bonds
73,136,060
28,855,000
$22,314,000
.
$5,451,250
1,301,000
Total.
$18,000
52,000
$148,000
319,000
Week Ended Oct. 4
20,969,000
Railroad & Industrial.
361,000
.
$18,000
3,000
•
211,000
Stocks—No. of shares
Foreign
$251,000
72,000
-
$1,165,000
275,506,774
,
U. 6. Government
.u
•
137,000
'
273,255
1945
■
283,355,066
398,000
1,420,530
Total
,
289,000
278,010
'
"
Jan. 1 to Oct. 4
1945
4,740,681
$22,314,000
$44,000
V"
$21,000
137,000
294,200
—
Thursday
•'
Closing
•
$230,000
Total
Corporate
*
329,505
.
Wednesday—.
4,168,000
Foreign
Government'
*
Tuesday
4,602,000
3,613,000
Week Ended Oct. 4
1946
Exchange
Foreign
Domestic
„.Shares)
Monday—
4,716,000
v
4,000 f,
•
*'■'
Saturday
$5,215,000
—
.1
Week Ended Oct. 4, 1946
.
;
Total—-—
" •.
Bond* (Par Value)
of
.
Sales
,
189,000
;
(Number
Bond
Bonds,^:
'
^
,192,000
414,000
—
/
.
Stocks
Total"*' "
United Slates
Foreign
Saturday Closing
$4,888,000
$287,000
$40,000
4,497,000
219,000
'
1,058,116
H
t'
,
Daily, Weekly and Yearly
Daily, Weekly and Yearly
^
'
J,
"'
Monday, October 7* 1946
Transactions at the New York Curb
Transactions at the New York Stock Exchange
«<■
,f'j ;'
**
k
THE COMMERCIAL & FINANCIAL CHRONICLE
101.14
May~17.
101.3
Sep 20
*:
Volume
XHE COMMERCIAL # FINANCIAL CHRONICLE
Number 4531
1£4
new york bond record
■
ft
"'A1'
TlJ'
.
•'
t
■
„
t* *
;
v
:**- is;
4*!,:
it
,
RANGE FOR WEEK ENDING OCTOBER 4
TT"
BONDS
New
York
,
Stock
>:
Exchange
'
Last
■
~
BONDS
'
Bonds
Friday
Week's Range
Interest
Last
Period
Exchange
Bale Price
or
City."
low
Colombia
——1980
J-D
114%
113% 114%
V 64
;
of)r—
3s
——.
A-0
Jan 1961
*50
F-A
Copenhagen (City) 5s_—.... —.1952
.1953
25-year gold 4%s.—
;
*50
J-D
.*
;
97%
92
93%
13
22
24
4J3
*103
110
4Vis
1949
F-A
*—1977
J-D
Foreign Securities
loan
wks
Public
a
REctor 2-2300
120
New. York Stock Exchange
5 Vis
NY 1*1693
*112
*165%
162
170
98
104
•104
A-O
*104
J-J
;
6a
AGtd sink fund 6s—
Akershus (King of Norway)
SAAntiquia
M-S
4s
FrA
•72
A-O
•72
1968
M-S
;
J-J
A-O
t 7s series B—1945
J-J
•27
i A External
s
f 7s series C
.1945
J-J.
•27
1945
§ A External
AExterial
f 7s series D_
s
JrJ
A rO
A-0
•22
AExternal sec s f 7s 3rd
-
series^.1957 1
A Antwerp (City) external 5s.
..1958
Argentine (National Government)-!- f
S
f external
0 f
4%s
101V*
Apr
1972
Australia (Commonw'lth) 5s of '25.1955
37%'
Irish Free State extl
•
37%'
30%
.
--28%
99% 100
>
109% 110%
38
106%
16
FtA
ioi y# 102 %
23,
400% 101%
91
M-S
106
106 s'
1
6s
.1955
J-J
110
111
a
i
7s
.1955
AExternal
:
J-Q
yu
112%
*
1
-
100"%103%*
100% 101 y4
;;7
J-D
71
71
1978
J-D
.62
62
A-Q
78
,78
T
76%
/c:;60
f 2
62%
11979,
A-0
^
A-0
t68%
;76%
,
—,
.
.
70
78
6
-
L9
8
.
i.
A-0
No.
"...
62%
3%s
83-
-Stamped pursuant to Plan A
(Int reduced to 2.125%>*
'New South Wales (State)—-
1 ■7. tv io y
60%
60%
60%
59%
60%
59%
Series
No.
5.
Series
No.
6.
59%
60%:;
Series
V-;.-
V.
3%s
No. 7.
—.
*60
1i--
,.X
,
;
84
No.
9__
3%s
Series No.
10.
^ lf"
61
68 y«
77
78
82
11.
No.
12.
No.
13....
"
■■Me.
3%s-*£e?ies No, .14.
3%s Series No. 15.
•56-
&
59
57%
$
—•
.47%
-p". •./
57 %
57 Ya
57%
57YS
;vt:
Mi
i
58'
*
Series No, 16.
3%& Series No. 17.
3%s Series No. 18.
.*••*
-'BV-.ri*
;
2
:
V -'■
59
65 y2
•56
65%:
57%
56
65y4
3%s Series No. 21.
-
•56
59
■'
■;'V—::
•56
59
;3%s Series No. 22.
3 %a
57 y8
65
64%
j
65
3%s
•56
25.....
*58
*56
3%s Series No.
65
3%s
Series No,
Series No. 30.
29.
65%
57%
65
56
100%
.1950
J-D
1961
M-S
.1977
MS
1976
F-A
—1976
A-O
(Province of)—
Refunding s f 4%-4%s
External readj 4%-4%s—...
External
3%
a
.—
f 4%-4%s—
external
s
■
■
M-N
-.1975
f $ bonds
J-J
1984
.
65
57
58%
•
.u^
.
"
,
:rtV;J~- :V
5
100% 101
;;
4
"
•98
'
96%
97
t>:
"**•
f
-
22
64%
19
18%
132
loan extl s f 6s 2d ser. —1961
A-0
18
17
18%
159
lAPoland (Rep of) gold 6s——...—.1940
A4%s assented—..
.—1958
A Stabilization loan s f 7k——-1947
A-0
A-O
——1968
A-O
A4%s
>
21
sec
6%s
——.1953
Stamped pursuant to> Plan A
(Int reduced to 2%)
Rio Grande do Sul
-V
A 8s
extl loan of
2012,
(State of)—
1921————*.1946
112%
108%
114%
100y4
102y4
57
47
AExtl
sinking
A6s assented
ARy external
6s__—Feb 1961
fund
,—1966
1926;—*.
(Int reduced to 2.25%).
k7s municipal loan—.....
Stamped pursuant to Plan
s
.Feb 1961
F-A
f (5s——.—Jan 1961
>
___Jan 1961
:
AExtl sinking fund 6s—Sep 1961
a 6s
assented...,
..._.J3ep 1961
AExternal sinking fund 6s
1962
A6s
assented———1962
AExternal sinking- fund 6s_.,
A6s
assented
A Sinking
A6%s
30 y«
17
21%
39
*78%
—
F-A
10115 10115
A-0
•—
44
40
A-0
♦37
45
37y8
60
37
37
37
48
35
45
2
21%
3oy4
...21%
2
20%
:,i
10015
37
F-A
36%
*30
F-A
16
21;
21
21%
21%
21%
_7
assented—.—
.1961
J-D
—
39%
37
f;
33%
:■.
43
«.
X-r.
;
37
,
33%
■
■x,';
..
47
44
*.;1:;/: 35%
ai
40%
38%
46 Ya
39
42
..,
•
1-2004
42
VXV
_
.
:
A 6s
assented
:
A Chilean Cons Munio 7s—
19%
:1961
A-O
^19%
A-O
*19%
1962
23%
assented—1960
MS
Fax
(Hukuang' Ry)
footnotes
see
5s*
page
1745.
*1951
J-D
29
-
,19%
19%
19
>16;
19
21
-
-
'
f^abl marks & to- inc.
>
29
28%
19%
29
,19%
,18%
27
28
specialists
foreign securities
;
29y4
19%
23%,
.
.
28%
19%
MS
A Chinese
28%
—
M-N
M-N
28%
22
markets
30%
19%.
22
firm trading
30%
19%
i
J-D
1960
-
21
*19%. 23%
'
SEC URITIES
;
21%
16
37
50 Broad sl, New York 4.
,
l
■
•>
"
7;
- >
c tTelephone
45
1;; j 34 %
33%:
J-D
FOREIGN
^
29%
,
1
::
M-N
1.2004
,—1967
40
•36
*
50
37%
*
30%
24 y4
.1961
assented
>30%
21
1
103%
52%
4211 52
47
A-0
For Financial Institutions
24 y«
•21-
85
75
—,''
30%
21%
21
J-D
1961.
AGuaranteed sink fund 8s——1962
A 7s
21 y4
22
J-D
.1957
AGuaranteed sink fund 6s—
A 68
M-N
..1957
|
fund 6%s_._.
30%
M-N
1963
AChlle Mortgage Bank 6%8.
A6Vis assented
21
A-0
A-0
1963
:
14
21%
MS
.,43
41
•31%
M-N
30%»
21%
21%
21%
45
j-j
30%
21
J-J
J-J
47
42
"4QV',
30%
22^
M-S
35%
24
48
30
21
21
-
24,-
■
:
,
63%
22%
21%
21
21%
F-A
........
assented....
A6s
A-O
*
41
30
20%
1
30
A-O
1960
-
12
■
45
3-D
15
4
23
14
rpp
12%
39
Stamped pursuant to Plan A
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i
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33
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A Rio de Janeiro. (City of) 8s——.1946
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(Int reduced to 2.375%)
2001
101
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18
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1942,
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1947
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:
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r
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65
i
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65
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Stamped pursuant to Plan A
(Int reduced to 2.375%)—.2001
65%
Canada (Dom of) 30-yr 4s
1960
25-year 3 %s——
........ *1961
2%s
Jan 15 1948
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101
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t
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—
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,
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——
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f
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i
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66
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t,;'"
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8
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.1963
j
65
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57
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100
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f
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1
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73
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(Int reduced to 3.5%).———1978
6% funding bonds of 1931 due_.1951
10
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30
:
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r:
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r
*.1
v
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y
^
s f 6%S———.1958
>
85
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External $ bonds of 1944
5, 1942, agree
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. ,,1945:
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f A Treasury 8s of 1913 assent:—1933
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*
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105
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—1957
f 6%s of 1926
s
(State Mtge Bk) 78—1957
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1954
—
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s
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::
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1945
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.:—.1945
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-
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s
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.; 11..
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——-1949
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part paid—
—
—1964
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=
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1
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s
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1948
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26
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—
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v
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—
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1940
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104
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—
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Vi
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,——1945
—
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j A Denmark 20-year extl 6s..
1942
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—.1955
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S ADominlcan Rep Cust Ad 5'/a3—1942
SAlst series 5Vis of 1926——1940
Teletype
Broadway/ New' York
M-S
.1953
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A Czechoslovakia
Members
....
.
58
91
100
88%
99 V*
22
39
2
96%
92
23
4%s external debt—
59%
51%
M-N
(Rep of)
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70
56 *
5iya
38
M-N
Rica
External
Telephone
58%
51%
811/2
.*•
7s.___ —.1951
1949
Cuba (Republic of) 5s of 1914
Wertheim & Co.
d
90
59%
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.
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fund 7s of 1926_. —1946
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High
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'
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s
f $ bonds_^_. .—.1970
—1947
Mtge Bank 6% a,
external
A Colombia
January
Sold
<
;
Since
1
Range
Bonds
High
,
Oct 1961
1927
of
AGs
113% 1257a
v
(Republio
A 6s Of 1928
'•/'
Corporate Stock
Friday's
Bid A Asked
.tlT'1'-'
Transit Unification Issue--
39#
New York Stock
Range Since
>
.
Government
.'New York
Interest
»
,
Week's Range
or Friday's
? Period-' Sale Price Bid & Asked
Sold •
Jannaryl
'.XXv
Xv.'X
Low High
: No,
Low ■ High
f:*"*■
: \
v*'1;
I;
,
Friday '
HAnover 2-0050
i,
.
s
t,
n. y.
-
Teletype N. Y. 1-971 >
•"(^fk,
the commercial & financial chronicle
1742
Monday, October 7, 1946
•
NEW YORK BOND RECORD
-
"
range
for
week
ending
october
4
BONDS
New York
Stock
Friday
s
Exchange
Interest
Week's Range
Last
*
Period
or
Sale Price
Friday's
Buffalo Rochester & Pgh
Ry—
Stamped modified
(interest
at
3% to May 1, 1947) due
1957
t Burlington Cedar Rbp & Nor—<•
Railroad Reorganization Securities
$Alst & Coll 5s—
i
M-N
■1
•
a-o
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Bush Terminal 1st 48^,
-.-..«.f952
v
61
Members
York
New
Stock
Exchange
Broadway
Telephone—DIgby
Consolidated
i,-
•'
•
5s_______:
..I960
r-
4-4933
"
>
'
BONDS
I
•
,
Interest
Exchange
Last
or
Sale Price
Rid
reduced
to
AO Vis extl secured
1952
1957
M-N
39
J-J
,.1999
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J-J
J
>
2.25%).*_J2004
J-J
.1968
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.2012
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assented
i
f-
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9
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t
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& ref 4%s series
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American Telephone & Telegraph Co.—
3s conv debentures
1956
2%8 debentures
1980
2%s debentures
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132
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84
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79
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1986
J-J
.1962
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98 Vi
103%
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o
45
.
100% f
104Vil04%
;
85
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deb___
1967
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'
—
Ann Arbor 1st gold 4s
1995
Q-J
*__
r 92%
101%
104
4s
1995
A-O
128
:
128
.July 11995
Nov
114,';":'
115/7,
114
July 11995
Atl Knox & Nor 1st gold 5s
Atlanta
&
Charlotte
Air
Line
General unified 4Vis A
Atlantic & Danville Ry 1st
Second
Atlantic
M-N
1946
1st mortgage 3%s
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inc
conv
J-J
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:
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1st mtge
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'
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--y:
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62%
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•
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>
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1
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84
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207
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52%
52
457
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37
•
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.-..—1994
&
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6:7
115
115
/
126%
141
1
/114
114
57
96%
s.
4%s__Jan 11999
3s
ser B
<—..—1089
Railways 1st 5s stpd «
partial redemption—_._.l927
25%
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2
V'
>
fChicago Rock Island & Pacific Ry—
AGeneral
114Vi. 131%
>
J-D
Ry—'
1963
M-N
July 1952
M-S
..._.1964
104% 104%
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1948
7
J-J
1966
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72
185
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-
60
•
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r
107
of
deposit—.
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:
103
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^ 102
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.
113
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73
a~-o
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438
68
69 >
48
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92 Va
38'/* S" 72%
•
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1952
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-i960
i
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19%
530
106
39%
105 y2
110
100%
J-D
——1951
49
52'
25
M-N
1951
103
100
106
100
107%
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•
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a.« ^
■
.
Gold 3%s
'
Memphis Div 1st gold 4s
1951
J-D
.
6
103
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.
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22
gold
60
i—
—1934
Chicago St L & New Orleans 5s
118%7
38.
:
T
30
107
F-A
J-J
J
1988
—.
Certificates
AConv
104%
9
39%
v&i>.vY,VS0
J-J
)
4
102% 103% 'I.
J-J
.1948
debs...
A
4s
§ A Refunding gold 4s
§ A Secured 4V2S series A
...
mortgage 4s
Refining 2%s
St
J-J
2003
t§AChicago
..
Adjustment gold 4s
Stamped 4s—..
.-.>.1983
Chicago & North Western Ry—
Atchison Topeka & Santa Fe—
General
~
A™3.
ser
4y2s
99%
96
•
A
ser
inc
Gen mtge
"
Nitrate
Milw
1st mtge
1057/a
103% 107%
■
mtge 4s inc
mtge 4%
v
Chicago Ind & Sou 50-year 4s_.
107%/,
98%
163
103% 104%
A 2d
101%
45
101% 102%
98%
A-O
1969
Alst
M-S
F-A
1975
2%s debentures
Amer Tobacco Co deb 3s
3s debentures
A
tChlcago.Ind & Louisville Ry—
105 Vi
"V'S
i*
;.-v.
' '*
..-v.
Chicago Terre Haute & S'eastern Ry
1st
&
ref
M
2%-4%s
■
.—1994
J-J
1st mtge 3%s series P
1963
1st mtge 2%s ser G
.1963
Chic & West Indiana conv 4s
195?
1st & ref 4%s series D
——i962
J-J
98%
J-J
1994
Income
2%-4'As
♦79%
83
95
100
Chicago Union Station—
b
Baltimore & Ohio RR—
1st mtge gold 4s
July 1948
Stamped modified bonds—
1st mtge gold (int at 4%
'
Oct 1
A-O
'
v
AConv due™..
:
Feb 11960
.1951
s-west div 1st m dnt at 3%%
to Jan 1 1947) due
1950
Toledo Cln Dlv ref 4s A
1959
97%
97
99
J-D
66%
66
67%
49
,-*•
J-D
'75
75%
•
M-S
66-
77%
•/■ ■
;65;
67
M-S
65%
65%
F-A
47%
>46%
M-N
96
J-J
94
67
103
337
96
*97%
-
L, A
105%
104
108
112%
105
107%
29
1943
A-O
•:
A-O
*43%
45
•65
73%
44
,45 ' "
io
108%
106%
30
■:?, -'5
Cine Gas & Elec
5s_—-1952
cons
1st mtge
2%S——1975
Cincinnati Union Terminal—
1st mtge gtd 3%s series E.
1909
r—1974
...
98%
1st mtge 2%s ser G
City Ice & Fuel 2%s_debs—
1966
City Investing Co 4s debs—L_....1901
58
96%
Cleve
88 Vi
70%
103
'/
-
96
31
.
Cin Chic & St Louis
General
94
22
S3
104%
94
12
92
104
5s
8c
series
Elec
Ulum
J-J
97
97
4
97
97
5
127% 128
15
;
104%
97
/ 42%
63
M-N
J-J
98%
101%
98%
127%
133%
98%
4
97
98%
101% 101%
50
101
105%
J-D
——_.1970
3s
Pittsburgh RR
.
105%
.__.1960
J-J
88%
88%
89
46
87
July 1970
M-N
53%
53%
55
53
49
F-A
*__
49%
M-N
Bklyn Union Gas 6s series A——..1947
4s s X debentures
1969
*106%.'
M-S
60
*103% 104%
F-A
.1970
1745.
M-N
3'As
gtd.
1948
D
3%s gtd-
—1950
99% 100
102%
102% 1027/s
83
99%
108'A
;
75%
108% 121
■
-af***
.
76'A
78'A
151
75%
>
77%
7
106
108%
''
105
-
108% 108 '/z
74
75% "
•
10
100
Vi'
110%
93
107% 110 %■
103
*103% 104%
M-N
106%
•'F-A
A-O
gtd 4%S-.!
1961
gtd 5VAs_
1972
——1973
1st s f 5s series B gtd
1st s f 4%8 series C
85
105%
1st mtge 3s series L
Conn Ry & L 1st & ref
Conn
River Powr s
f
106%
Consolidated
Cigar'
106 Vi
Consolidated
Edison
107%
3'/2s
debentures.:
100
3%S
debentures—-.
106%
3%s
debentures—
99%
102%
A-O
A-O
106%'
__
104%
107%
27
104%
116'A
110 f
105%
19
104
108%
104% 105%
48
104%
31
45%
104% 106%
:' 104
•
108'A
;
;
50%
52
84%
Commonwealth Edison Co—
84%
106%
4
1977
..
Colorado & Southern Ry—
4%s (stamped modified)
105%
13
*107% 109
A-O
Cleve Union Term
102%
102% 102%
J-J
M-N
103%
*106
99 %
50
—
C
Series
Columbus & Tol 1st extl 4s
109
100
1st mtge 2%s_1975
J-J
106%
107%
107
—
*119
76%
'M-N
104
105
*95
1955
J-J,
106%
*100
M-N
*95
84%
'
J-J
1980
Columbus & H V 1st extl gold 4s_.1948
Columbus & Sou Ohio El 3yiS—L1970
1955
A-O
113 y*
102% 107%
.
108
J-D
M-N
M-S
1961
83%
84%
107%
112
99
J-D
100
102%
34
'
103% 103%
F-A
63
'65
/• 32
102 7/a 103%
*111%
J-D
Cleve Short Line 1st
127%
42%
."•
105 Vi
A-O
A-O
97
103 /
F-A
_1993
....
.il977
Cin Wab & M Div 1st 4s
.—1991
St L Div 1st coll tr gold 4s
1990
&
S
—J—1993
B—
impt 4'/2JT series E
Cleveland
•67.'
■'
Ry—v;
gold 4s—.
Ref
103
94
1966
page
-
99
..1967
mtge
.
105% 105 7/b
42%
;
756
J-J
.I960
4s
104% 104%
/
106% 106%
58
78
49%
1050
see
..
93%
J-J
-1951
Bklyn Edison cons M 3Vis
Bkiyn Union El 1st gold 5s
footnotes
s
i
1970
1st gold 4%s series JJ
1st mtge 4s series RR..
For
' '\ii
59
:
1961
Boston & Maine 1st 5s A C_
1st M 5s series n
'
J-J
M-S
Series
Beneficial Indus Loan 2Vis
Bethlehem Steel Corp—
v
Cons mtge 2%s ser I
Buffalo Niagara El
tAChofctaw Ok & GUlf
105
■'
.1951
Beech Creek Extension 1st 3Vis..
Ben Telephone of Pa 5s series C.
Gen
97
157
.1951
stamped—
J-J
1957
J§AChilds Co deb 5s part paid
^Debentures 5s part paid—.:
A-O
Cleveland
Bahgor & Aroostook RR—
Con ref 4s
Alnc mtge 4 Vis ser A
t ABoston & N Y Air L 1st
96% 107%
85
General
Pgh L E & W Va System—
Ref gold 4s extended to
4s
38% '
/■'•: 2
105% 105%
•
Dec 1 1946) due
1995
Ref 8c gen ser C (int at iy»%
to Dec 1 1946) due
..
1996
Ref & gen ser D (int at 1% to
Sep 1 1946) due
2000
Ref 8s gen ser F (int at 1% to
Sep 1 1946) due
1996
"
/' ,96%
to
1946) due
July 1948
Ref & gen ser A (int at 1% to
„
96%
i
A-O
*104%
105
106%
M-S
*109%
108%
111%
;—1955
F-A
*115%
116
116
.1977
F-A
107%
108
107%
110
110
110
110
111
105%
107
4'/2S_.-._.195l
3%s
Corp
of
50%
A-..-
1961
3'As—.1965
New
J-J
110
F-A
*106% 108
A-O
*104%
103%
105%
A-O
101'/a 101'A
23
101
103
A-O
101% 102%
36
J-J
104% 1047/a
17
101%
104%
104%
106%
—•
York
...-—.1948
...—1956
1958
4
/::
'
B
A Gen
mtge inc (conv)
1997 '
1st mtge 3%s ser -B
1985
Chicago & Erie 1st gold 5s
,1982
Chicago Gt West 1st '4s series A__il988
105%
•
108
M-S
-
Chicago &'Eastern 111 RR—
103%
*102% -105 -V'V,__ ■:
*107
/
i
105%
104%
102%
104%
*__
'i_>v
'
>
General 4s.
V
.
''
^
INDUSTRIAL COMPANIES
v.7,
;';
impt mtge :3%aDC_—_.i_^1996
t A Chicago 8* Alton,RR ret, 3s_i.t
il949
Chicago Burlington & Quincy RR^'
AND
^1992
»
Vt HO
...;ic6%,m,;-
43 %
•
J-J---"]*
1
-fe
'•
105
*105%
-
■'
-:•/•'145
105% 105 y*
f*a.
stamp -(partial redemption) l.1943
■
29%
A-O
gtd gold 4s.l949
*
•
31
'
85
44y*'
37
■*.
■
-
27'A
J-J
—1987
—..-—1974
-
109
<_.•:•■, 94%
'
27'A
/
67'A
i.—/;
109
IjZ -i
/v/:
'
',-34/';'/ '/'I
.
.J-J ;'"'"•
—..1987
registered^
">13 —14%
J-D
<..—1987
4s
'
J-J.:.
gold 4s
1989 ■
2d consul gold 4s_
ul—2989 /
20
r-..:*ioo,
M-N
.2030
v.
112%
F-A
Ref 8c impfc. M;3%s series Ej^c—1996
R &. A Div 1st cons
99%
90
99
*
5s
119
M-S
Champion Paper & Fibre deb 3s_—1965
Chesapeake & Ohiff Ry—
•> v i
r
100P
86
*—
'
*
3 Vis
""
(4Vi% to Aug 1 1949).—..—.1974
5 A Central RR &
Banking Co— "
ft
Alabama Power 1st mtge 3Vis_.__l972
Albany & Susquehanna RR 4%s_1975
Alleghany & West 1st gtd 4s
.1998
115%
49%
A 5$
99%
86%
'
*; 7
*13
■"ili;iv
F-A.:.
42
97%
93
85%
''>>>
F-A
RAILROAD
Alabama
2
1981
.
123
ioo ;x
i
*96%
.1948
11S% 115%
119% 119%
,
1979
Adams Express coll tr gold 4s.
Cbll trust 4s of 1907
...i.
118
115%
A-O
,
20
123
113%
1965
t A Cent New
Vi 104%
i2o
:
125%
2
M-N
5a
Jit*'
125
113% 113%
F-A
Nov ld45
53
Central Pacific 1st
1st & fef Series A
'
108
114
113%
J-J
i960
General gold 4y2s
.1978
readjustment
2
"
105%
105
9
119%
A-O
1965
104%
5
4
1951
Central N Y Power 3s
25
16
X
•lis :Vi
*115 '/:»
..
Great Southern
,1
114%
114
119% 119%
H956
gen 5%s series
20%
16
105%
1959
&
21
8
,
..".'J
*•' i5%
1964
extl readjustment
109
119%
..1955
4%s
Light 3%s
.-__1966
Eng 1st gtd 4s™.._1961
t A Central of N J geh gold 5s
1987
v
A
*120
.i960
conv
104
J-D
Central Illinois
■fr'V-r
64
■1
«u
'25
F-A
6s__..
conversion
106
7
J-J
gold 5s_l_>.__1946
rl
85
9Vi
*"*"'9
*17%
F-A
(City) external 7s_*<A_._1958
assented
1958
A4Vis
rs
14%
1946
,,3%s-4-4%% ($ bonds of 1937)—
External
readjustment
1079
External
60
f
71%
...
74%
*s%
J-D
1958
37/(j-4'/& 4fts extl
fe
'
54
59%
__195§
8s_.^
6s
87
105%
,194s
'•>
j[g62
ARkternal sink ftmd
9
gen 5s series C__
1959
AOhatt Div pur
money gold 4$__1951
§ A Mobile Div 1st
.
64
'
.1958
.Agxternal sink fund
T
30'/*
56%
104
107%
6
92
J-J
I970
gold
A Ref
61%
64%
87 Vi
i:
I'
['!»
.0
92%
58
104% 104%
105% 105%
A-O
Oct 1969
gold 4%s
gold 4%s
? - A General
'extl.
M-N
ARef &
*_.-
M-N
5s
§ Alst mtge 5s
§'A Con sol gold
69%
...v
55
,
A-O
^1978
extl 7s
sec
62
31
9
Ry—
.v'
•:
•>--/
J-J
.1962
it Sydney (City) s f 5Vis
Atfttwuay (Republic) extl
i
■
series B
•
60
55
*54
'
A-O
1940
<
r,
Sefbs Croats 8c Slovenes
(KIn'gdoto)—
Asflesia (Prov of)
/ 89%
;
J-D
1902
Cent Branch U P 1st
gold 4s..__1948>
tCentral of Georgia
to Plan A
secured external
High
J
1974
Cah f»ae Ry 4% deb stk
perpetual
Carolina Clinch & Ohio 4s
Cart & Adir 1st
gtd gold 4s
\
■s
A
'
Celanese Corp 3s debs
Celotex Corp 3 Vis debs
71
67
Stamped pursuant to Plan A
h
-j
71
56.
56
;
•
(Int reduced to 3.5%)
38
.38
48%
105
A
60
M-S
(Int reduced to
a 8s
:;s
71
65
70
'<l*^''
■
J-J
1956
AOs extl dollar loan
;
43
67
*66
•
1999
(Int reduced to 2%)^.-_
5 A Secured s f 7s
89%
A-O
_1976
5s_
Guaranteed
45
37%
*66
J-J
1950
Stamped pursuant to Plan A
(Int reduced to 2.5%)-a..
A7S extl water loan
a
: 5
39
1
39
40
1936
A 88 external
Stamped pursuant
48 ;••:•:■
gold
gold
Guaranteed
///;"
54
45
A
(Int reduced to 2.5%)
36%
105% 105%
J-J
National'gold 4%s_.____1957
Guaranteed
Guaranteed
Guaranteed
,
48
45
.2012
(State) 8s
Stamped pursuant to Plan
■"«
y
High
A
5 A San Paulo
■
Low
^.//•::
2001
f
Stamped pursuant to Plan
(Int reduced to 2%)—
*
Sold
No.
A
2.375%)
s
:fefe
M-N
High
Canadian
Range Since
January 1
Bond#
-
& Asked
Low
./■/•;:.•/,.
JASan Paulo
Friday's
'
1st M3s
Calif Oregon Power 3%s
Canada Southern cons
gtd 5s A
Week's Range
Friday
Period
(Int
67
L01O
tHett Teletype—NY 1-310
;
s
(City) 8s
Stamped pursuant to Plan
January 1
No.
New York 6
California Elec Power
New York Slock
66
V.i 36%
a"-o
1955
BIdgs 5s gtd.:
Bush Term
66
1-
Range Since
Sold
High
tC.
1934
A
PFLUGFELDER, BAMPTON & RUST
Bond#
Bid & Asked
Low
'
,Volume
'g
FINANCIAL CHRONICLE
,THE COMMERCIAL &
"Number 4531
164
1743
'
NEW YORK BOND RECORD
FOR
RANGE
Friday
Last
New York
Sale Price
Bid & Asked
Interest
Stock Exchange
Period
:*r 1tf> '
,
tAConsol Ry
A Debenture
ADebenture
;
Consumers
mtge
J-J
1955
3s
f debs
s
1st 572s
receipts
+»Jf
J-D
106
2
102Vi
104.
55%
60
46
J-J
——1952
-
ADeposit receipts—
A7y2s ser A.deposit rets
-1946
A 6s ser B
deposit rets——.1946
:
—
*
■
~''
•
847a
*817a
'
80
*41
•
J-D
'
;..
—
■
'
40
43
1067a
105
A-O
107
J-J
65
647a
667a
49
A-O
207a
20%
21%
112
1st gold 4s___
15
43
AAdjustment 6s series A—July 1952
A 1st 5s series B
1956
A 1st
5374
53
'
ikW
/
95
105
*95
48%
20
'
1
■
'7
457a
45
'•
'Si
"
.'427a-..
...' 45 7a-•••
'■'•I—" :V" Y.rr45
9
3
J-D
86"
133
51%'"
493/4
■■
J-D
-
587a
.*.587a
50%
»
-
High ;
96
105
51%
v
103
LOW
95
96
J-J
1970
1950
A
^International Great Northern RR—
A 1st 6s series A
—1952
10174
■
Range Since
January 1
;
No.
Indianapolis Union Ry Co—
Ref & imp 27as ser Ci._^_-__„__l986
Inland Steel 1st mtge 3s-series F_.1961
108 Vi
10
10272
Sold
High
106
,
1037a
56
Bends
Friday's
J-J
Ind 111 & Iowa
76
75
36
3
Illinois Terminal Ry 4s ser
76
3474
1
36
103
"
"'■'/■ '' I.,
?
or
Bid & Asked
High
Low
35
4
'36
*102
,,
J-D
-1942
Sale Price
Low
'
ACuba RR 1st 5S gold
:
36
.
Last
Period
January 1
No.
1037a 104 7a
1047a
J-J
7
38
36
J-J
M-S
,„_1965
1955
debs
Week's Rsnge
Friday
Interest
Exchange
Stock
York
New
Range Since
Bonds
Sold
High
36
38
J-J
19"56
1st
tACuba Northern Ry
a Deposit
Low
2y8s„1975
4s
OCTOBER 4
,.i.
.
4s__—.1954
4s
,
Power
Continental Baking
Crucible Steel 3 Vis
:
deb
non-conv
ENDING
WEEK
BONDS
Week's Range
or Friday's
BONDS
gold
A-O
97
59
5474-:
50
92
5
50
'
j,
ii;
92
101%
©3%
88
;<
100%
M-N
J-J
71
101 Vi 10274
10274
103% i
100
J-J
■
/
16 3/4
II
9574
|
98
32
55%
•
J-J
6sj.
1944
Internat Paper 5s series A & B—1947
Int Rys Cent Amer 1st 5s. B—-—,--1972
Int Telep & Teleg deb gold 47aS-»1952
9774
107%
•
56
94Vi
*102 7a
56
537a
55%
J-J
1956
series Ci
5s
SAlnternat Hydro El deb
967a
1057*
987a
107
105
7
100% 104% J1
D
'
Dayton Pr & Lt 1st mtge 2%s
Dayton Union Ry 3 Vis series B
1975
A-O
1965
J-D
Deere & Co. 2%s debs
1965
A-O
Delaware & Hudson 4s extended
1963
*103%
M-N
Delaware, Lack &
N
Y
Lack
1st
A
&
&
ref
Income
Morris
West
Delaware
RR
5s
92
1067a
James Frankl & Clear
C
1973
M-N
1993
due
l
Power
§Alst consol
§ AConsol
M-N
*__
99%
067a
*_,
49
May 1 2042
&
-1973
1
507a
!;
.-487a.
50
■r':^£^Ck
.1978
A-O
;
J-D
•
J-J
*107
———1961
J-J
*112
,——1961
.J-J
*105
5472
7;' 5
48
-8 %
8 V4
49
8
2974
874
87a
142
7%
29%
Kansas
46
48 V4
199
76
10874
7a
80
I
.
;
ti
7';7.
44
H'i
ft
'Plain
109
57
45Vi
*45
537a
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"
M-N
114
1147s
-ijL.:.;.
'
& Ironton RR 2% ser B—1976
Dul Miss & Iron Range
Ry 3 Vis
1962
ADul Sou Shore & Atl gold 5s,_1937
M-S
Duquesne Light 1st M 3s
J-J
91%
A-O
i.
J-J
1965
0
34
;V.
34 7a
34
1053/4
V
;
,>>.v••
1995
J-J
Electric
1950
J-D
Auto-Lite
Joliet
&
& S
2Vis. debs
East
W
3V4S____„1970
A-O
—1965
A-O
5s
»
Erie Railroad Co—•>'
•
2015
2s
Ohio Div
H
ser
1st
•'•••
•
157
w155
L„,v.
102%
102
1067a
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105
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V'
1127a 112 7a
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f
111
5
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1990
1971
mtge 3 Vis
77V4 "
\
M-S
9774
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*
-
„
124 Vi
977a
1959
A Certificates of
J-D
—1974
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,
registered
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70
88
—
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6s—I
1956
>
M-N
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—
;
-
1017a
y2
Gas &
A4s conv inc debs
Little Miami gen 4s series A
Co 1st mtge
Grays Point Term 1st gtd
-
2%sll965
5s
General
4 Vis
series
1973*
Gen mtge 2%s
Gen mtge 2Vis
ser
I
115%
13274
R
1357a
Gulf Mobile & Ohio 4s
series
Gen mtge inc 5s series A
1st & ref 3 ViS series D
J -J
107'/a
107% 107 A
J-J
J-J
99%
993/4
30
J-J'
95%
957a
2
J-J
867a
87
20
86
97%
97%
10
9774
99%
75
Feb
*65
Feb
1959
9%
J-J
1969
5
20
102
Il976
102
M-N
101
101
101V4
16
139,Vi
139%" 139 72
2
+ SAHousatonic
Ry cons gold 5s,
Household Finance Corp 2%s
Hudson Coal 1st s f 5s series A-
Hudson Co Gas 1st gold 5s__.
Hudson <fc Manhattan 1st 5s A
A Ad
J Income 5s
1999
1937
M-N
*88
1970
J-J
10074 10072
1962
J-D
.—1949
M-N
1957
77'
F-A
63
A-O
Feb 1957
26%
100
757a
64%
80-
2774
94
62
•
60
45 74
39
40
483/4
5074
A-O
7872
78%
M~N
62
357a
69
•
10
357a
6274'
v
71
4074
737a
78%
"
•
A-O
128
115
1207a
*118
26
Nashville
&
RR—
•
7
118%
ref M
33/8s
&
ref
Louis
2d
Div
1047a
114
A-O
104
MS,
.
10774
1077a
1077a
114
114
"l
114
120
104
10472
12
103%
10674
8
1047a
1077a '
V
•
i.980
98
98
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MS
/ M-N
"
11374
107%
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A-O
Cine Div 4s——1955
13
1053/4 1067a
A-O
gold 3s
1047a 104V4
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F-A
2003
27as ser G
M
105V4
1047a
104%
jwr-s
Jtf-S
JW-S
,2003
series F_!
&
1st
Central RR 472s ser A
,
1960
105
98
10
102 V4
*11174 114
106
11174
—
7572
J-D
77
.
14
10172
101
119
—1954
Corp 1st mtge 3s
1966
1047a
Metropolitan Edison 1st mtge 27aS_1974.
Metrop Wat Sew & Drain 57as—1950
l§AMet West" Side El (Chic) 4s„1938.
Michigan
91
19
IOOV/4 1017/a
21%
23
103
101
87»/4
96
75
75
10374
104
10574
108%
17
9974
103%
35
19
*104 7a 107
M-N
/ A-O
F-A
-
'
89%
74%
2
917a
103% 103%
mtge & coll 4s ser B
287a
Central—
Jack Lans & Sag
37>s
1940
*_,■
102
108
105
1087a
*—
1037a
103
107
1097a
1097a 109 72
113
97
64
63•%
A-O
/;
1003/4
1003/4 100%
M-S
M-N
J-J
M-S
1951
:• 1st gold 372S
1952
Ref & impt 472s series C
1979
Michigan Cons Gas 1st mtge 372s_1969
Minn St Paul & Sault Ste Marie—
150
1st
mtge 4%s inc ser A——Jan 1971.
mtge: 4s inc ser A
Jan 1991
94
1st 4s
Missouri-Kansas-Texas
113Vi
Prior
,80 Vi
'% 45
lien
40-year
Prior
series
5s
897a
:>
2
1067a
897a
J-J
1990
-
477a
47
51
103
47
J-D
82
81%
827a
69
81
101
101V4
,
84
RR—
1962
adjust 5s series A
82
29
79
J-J
71
71
717a
11
70
J-J
71 %
71%
73 7a
12
717a
A-O
7672
73
78
69
69
1147a
F-A
1975' V M-S
4%s
J-J
1962
—1978
A
series B
series D
4s
lien
897a
J-J
^
A Gen
Mo Kansas & Texas
ACum
7574
7574
77
61
277a
297a
312
687a
23%
1027a
28 7%
747a
7774
565
65% 103
77
159
68
305
Jan 1967
80
80
967a
987a
^Missouri Pacific RR Co—
A 1st & ref
Illinois Bell Telep 2 Vis series A—_1981
Illinois Central-RR—
;
J-J
J-J
•
1959
3s——I95ir
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s
195i
St Louis Div & Term
gold 3s
Gold 3Vis
,
*99
"
A-O
"9474
see
page
J04.%ao4%
v
22
90 "-V
97%
9774
89 "rt;
92
M-N
80
M-N
77.
3
947a
76
„
:4o
94
94
F- A
10
'•>
;
777a
106
IF
*107
J-J
1>
J-J
'*■"
102
98%
J-J
*99
1
A Conv
Alst
&
„_1978
747a
M-N
A-O
2174
75%
20
22
75V4
777a
109
667a
103
F-A
75%
74%
777a
227
65%
1023/4
.
,,,,1981
r
4s__11991'
-
107
Moh'k & Malone 1st. gtd bold
106
Monongahela Ry 3%s series B
1047a
Montreal Tramways 5s ext,.
Morrell (John) & Co 3s debs—
.
7a
94
1087a
73
""97%
106
.102 7a
106
103
Morris & Essex
Constr
M
5s
1966
1951,
_1958:
1st gtd 372s—,,^,2000
series
A
Constr M 4%s series B:
„1955
.
'
1955'
Mountain States Tel & Tel 2%s,.._1986
Mutual Fuel Gas
1st gtd 5s
1947' *
,
*78
86
85
M-S
F-A
J-J
M-N
J-D
6074
59%
6174
87
M-N
687a
67%
69
40
63
47
102% 1025/a
6272
M-N
613/a
103
M-N
100
1007a
*—
100
M-S
46%
94
106
16
110
108
102% 103%
577a
74s/a
4
16
106%
100
*1053/4
103
103
667a
8974
5874
„
83 V4
997a 1037a
103% 103%
102%
98
10674
104
1057a
1047a
105%
N
106%
*98 7a 101
J-D
87%
85%
88
154
J-D
81
81
82 Vi
.14
763/a
70%
70Vi
1
70 Vi
J-D
14%
108
101
99
767a
—
89
•
99V4
947a
; M-N
1949
gold 5s series H—.,1980
gold 5%Sc
ref
;M-S
76 Va
*97
F-A
917a
90
103
100
*91%
1951
,,
64 y4
—1977
JaCref 5s series G—
9774
102
!
997s
F-A
1951
V103%. 1047a
106
•
*98
J-J
1745.
:
95%
90 7
J-J'
Registered
footnotes
*_1965
5s series A
4s
Alst & ref 5S series I,-,;
J-J
HI Cent and Chic St L
N O—
Joint 1st ref 5s series A
—1963
1st & ref 4 Vis series C
1963
1st ref mtge 4s ser D
1963
For
1007a
'^
1951
Springfield Div 1st gold 3Vis
Western Lines 1st gold 4s
<
M-N
J-D
•
'
*68
—1951
__
A General
llITl04%-"108%
A 1st
•;*99.
M-S
trust gold 4s
^.--^1952
>
Refunding ids.;.
-.^—.—1955
Purchased lines 3 Vis—
'_
1952 7
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Refunding 5s_
—1955 *
40-year 4Vis
—1966
Cairo Bridge gold 4s
Litchfield Div 1st gold
I
♦104
A-O
:•" Collateral
•
104% ;r. 104% 104%.'
Alst & ref 5s series F_
-gold 4s_,
i.1951
lst-gold3%8
——1951"~
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:1st gold /3s
sterling——.—1951
"■
•
J-J
79
f
:947a
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*115 7a 116
M-N
*
*12772
A-O
*63 7a 100
-104 %
11074
63
31
38
437a
J-D
1007i ,10474
2
-26
65
8
38
Mead
104
•
5
•
437a
17Vi
1017a
77 7a
75%
33
4174
1963
;
1st
1st
104
11074 11074
110%
M-N
Manati
10474
1397a
"i
9674;.
337
3874
1966
5s
107%
-
101
997a
-
87 V*
83
797a
1949
1951
t§AMidland of N J 1st ext 5s„
M-S
J-J
1st 4y2s
Louisville
>
Maine
H
Hackensack Water 1st
mtge 2%s„1976
737a!
17
75
J-D
M-N
M-N
99Vi
Hpck ng Valley Ry
99
Sugar 4s sink fund—Feb 1 1957.
A Manila RR (Southern Lines) 4s
1959
98
.*99% 100
73%
96
927a
M
100 5/a
987a
15
74
3a %
107'
7Vi
847a
99% 100
98%
99%
93
79
103
102
102
93%
95
M-N
107
%
957a
15
*75
1007a
J
110 &
99
9%
A-O
1st M 2%s
*
103 % 103 74
J-J
2015
1077a
100
7
78
8%
A-O
bZIIi!75
4
100
Co deb
(P)
debentures
Atl Knox &
9178;
J-J
100
1
lOOts
134%
121
121
4s
stamped "
Louisville Gas & Elec 3%s_
St
140Vi
121
121 ?
"~2010
_~1961
-
i
122%
J-J
ig82
—
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A Debentures
ctfs B
Greyhound Corp 3s debs
Gulf States Util
1
102Vi
1990
Q
ser
*131
89 ".;
1057a;
102 Vi
115% 117
J- J
76%
10174
29
1977
P
ser
81
"2000
4 Vis series E
Gen mtge 3 Vis ser N_I
Gen mtge 3 Vis ser O
Gen mtge 2 Vis
79
? 1007a 103
J-J
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General
7
76%
101% 102.
J-D.
1952
D
77%
M-N
1947
Great Northern Ry Co—
General 5 Vis series B
General 5s series C_,
■i:
100%
—
,
937a
J-J
1949
1949
3s
M-S
108.
95%
F-A
1962
Lorillard
J-D
1959
102
108
4s
Elec of Berg Co cons 5s
1949
General Realty & Utilities
Corp—
66
11
927a
modified
Long Island unified 4s
Guaranteed ref gold
Francisco J3ugar coll trust
13
—
F-A
—2003
,—2003
—2003
I—2003 *
modified
stamped
1007a
^88
—1954
modified
stamped
88
757a
102 74
—1974
2003
Lehigh Valley Terminal Ry ext 58-1951
Lex & Eastman 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
.90
*
—;—1974
—
1157e
11574
99
99
99
F-A
~V950 /
'53 otamped
-104
-
59...
*
♦100%
——1964
f
,j
153 Vi 1067a
5
5%
104
F-A
1954
Leh Val Harbor Term gtd 5s
_
99
1954
stamped
?
472s
"52
70
10T
17a
27a
^
1964
stamped-,—
1st & ref sink fund 5s
'•
00
.1023/8 1023/8
—
M-S
•
stamped
4s
k
188
1047a
105
*2 7a
J-D
—1970
5s
:
\0wJU
4%s
series A
.75%
A-O
108%
180
102
mtge 372S ser A
F
"
A 1st & ref 5s
Dec
1st & ref sink fund 5s
J
*
106
106
*1053/4
i*',
106
92
7
1,;
PirP«tauo-.Ti^
1975
mtge income reg
5s
10374
103::: io63/aj-
.•
'."V;
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■:
J-D
372s
101
:
v
S
106 Vi
T"75
51
..
*93
M-S
1997
—1997
72
657a
109
105
MS
107 V4
123%
108
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A-O
105
0978
71
*61
J-J
A-O
Lehigh Valley Coal Co—1st & ref sink fund 5s_——:
5
J-J
1953
'
69
Lehigh Coal & Navigation Co—
127.3/4
...
1247a
—
*99
J-J
2000
-
77
77%
J-J
1964
E
ser
--.1st eons nrtge 3Vis ser F_—
v
1st cons mtge 3%s ser G
1st cons
—
I
•
•
Gen-mtge inc 4Vis series A
mtge ,3 Vis
*1537'
'*10174 102
,,
M-S
-.1965
Ry
1st
5s- stamped-
A 1st
12274
12074
*119
10074 1003 a
—,1964
1959
ctfs
Lake Sh & Mich Sou gold
M-N
1007a
1997
3%s registered
Lautaro Nitrate Co Ltd—
E
1956
83741
10774
703/4
54
# /
7\i7:v:''v;7 V
East Tenn Va & Ga Div 1st 5s
Ed El 111 (NY) 1st cons
gold 5s
105%
41
1067a
10474
19
857a
70%
24
75
987a
34
8
'
105% 106
717a
10
1057a 106
*
107Vi
105
H'J.'
"
•
12074
9174
1
91%
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■
—,
Kings County EI L & P 6s
Koppers Co 1st mtge 3S
75
.106
A-O
4s ser A
unguaranteed-—
4%s
107V4 11074
1
-
60
60
,';r.
3
-v.:/
1077a 1077a
1077a
Kansas City
107% 109 y8
—
723/a
703/4
75
—
1st mtge
lOfr
1067a
18
*105
A-O
Kentucky
•
J-D
Det Tol
v
122
547a
1067a
J-D
..
1047a
*121
46
M-S
1970
cons
*102
J-J
70
46
A-O
series F———1965
1966
1st
A-O
5474
107
'
:
F-A
Gen & ref mtge 3Vis series G
Gen & ref 3s series H
Paso
City Terminal Ry 274s—1974
Central gold 4s
——1987
Kentucky & Ind Term 472s—
,1961
Stamped
—1961
1
79Vi
52%
—
F-A
1955
Detroit & Mackinac 1st lien gold 4s_1995
A Second
gold 4s
;
1995
Detroit Term & Tunnel 4Vis
1961
Elgin
Southern Ry 1st 3s_«-1950
—,1975
A-O
1047a
K
Kanawha & Mich." 1st gtd gold
110%
8%
J-J
-
ARef & impt 5s series B
El
A-O
73Vi
108 Vi
87a
J-J
1936
4%s,i
Detroit Edison 4s
10574
4s—1990
Kansas City FOrt Scott & Mem Ry— *
§ A Refunding gtd 4s
—
1936
A Certificates of deposit
J-J
677a
48
69
.
1057a
A-O
1936
f 5s
s
A Assented
105
1047a 1047a
103%
r
104
50
--
IDenver & Rio Grande Western RR—
A General
85 Va
1023/4
857a
MS
Jersey
'
4s
gold
1023/4
857a
*102 Vi 10374
J-D
1st 4s——1959
Central Pow & St 27aS
1976
Jones & Laughlin Steel 3V48—:—-1961
9174 "107 7a
19
933/a
.
Co—
Light 3s
IDenver & Rio Grande RR—
...
93
div
ser
mtge
13
102% 103
Essex division
&
Coll tr 4-0s
V
107 Vi
102
„
•
Western
M
1027a
6
1027a 103
103
1067a
102
9674
Nashville Chattanooga & St
Louis—
1st mtge 3s ser B
—1986
National Dairy Products 2%s debs_1970
National Steel
1st mtge 3s
fANaugatuck RR 1st gold 4s,i
,_1965
.,1954
F-A
J-D
A-O
M-N
100
103V4
102% 103
99
102
1057a
105 3A 1067a
10
103%
106%
106
110
*—
1027a
99V4
^
.
BOND RECORD
NEW YORK
RANGE
Interest
Last
Period
Neif York Stock Exchange
Sale Priee
Friday's
or
Consol
Gas
StANeW England RR
t A Consol gtd 4s
N J
Junction
RR gtd
98
95
109% 109%
109%
103%
109%
114%
*123
125
125%
127%
*-.-
115
118
*:'i
M-3
*,-.'.
108
107%
A-O
Apr 1990
Peoria & Pekin Union Ry 5%s
1974
Pere Marquette Ry 3%s ser D
1980
102
102
102
105% 105%
11
105%
108%
1953
J-J
104
19
103
General
111%
104
y 1
104 Va
1st
A
Certificates
A 1st
A
5s
5s
A 1st
A
&
Ref
&
90
91%
92%
30
91%
90%
90%
6
90%
106
89
104
.
911/2
A-O
coll
gold 3Vis
3Vis registered
91 %
-1998
107 Va
99%
72%
156
77V4
229
72
98V4
82'/2
264
82
102%
93
91
1141/b
iy 7
y
93
87
95
731/2
971/2
80
80
93 V4
w
-
22
74
Chicago & St Louis—
mtge 3 Vis ser E—
--—1980;; /
1st mtge 3s Ser F—
1986
A-O
*—
98%
1975
A-O
101
-1951
F-A
100%
A-O
103%
98%
Connecting RR 2%s
N Y
Dock
B
ser
1st
gold 4s—
N Y Edison 3 Vis series D
;
1965
1st lien & ref 3 Vis series E
N Y Gas El Lt H & Fow
gold 5s
Purchase money gold 4s
N Y & Harlem gold 3 Vis
Mtge
4s
series
4Vis
series
-
100%
103
28
103%
2000
115%
J-J
111%
A—-1973
series
Af-N
1973
Af-N
91
___
ANon-conv deb 3Vis
ANon-conv
.
,
deb
4s
trust
ADebenture
4s
32
78
32
"34%
37%
108
31
J-J
44%
43%
47%
291
39%
104
If*
D/%II
1958
1959
1960
1948
A-O
1962
1974
J-D
1977
70
71%
38
67%
Chester—
70
A-O
'
y
132
M-N
22
20%
42
41%
45% ;
14%,
17
37
J-D
gen
5s
gen
5s
4%s
*
12%
5%
1964
1977
gold 5s___——1943
Af-S
: " 74
JAProvidence Terminal 4s
1956
1968
mtge 4Vis series A
1998
-2014;;'
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s___
__1974
_
mtge 5s conv inc_»
46
45
35
&
ref
mtge
-1974
j
Northern Pacific Ry prior lien 4s._1997
&
ref
mtge
Ref
&
impt
5s
2047
2047
2047
2047
series C
1975
-
41%
X38 v
39
ref
&
mtge
.(Wise)
1
2%s
1st mtge
1974
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1974
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1953
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1957
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1960
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1970
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1975
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108
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1952
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January 1
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High
107% 107%
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cons
btwwl
Exchange
Stock
York
New
Range Sinos
Sold
VrMtef
BONDS
?
Bonds
•
Bid & Asked
Low
Newark
OCTOBER 4
ENDING
Week's Range
Friday
BONDS
WEEK
FOR
Maadby, tkteW 7, !»4
FINANCIAL CHRONICLE
THE COMMERCIAL &
1744
8
m
104
mm*"*"***
1
THE COMMERCIAL &
Monday, October 7, 1946
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Friday
Interest
Last
Period
Stock Exchange
New York
Sale Price
OCTOBER 4
ENDING
WEEK
FOR
Interest
Friday
Last
Period
Sale Pries
BONDS
Week's Range
or Friday's Bid A Asked
BONDS
Bonds
.
York
New
Range Sines
January 1
Sold
Stock
Exchange
.
Low
—1948
1945
1945
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1961
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1986
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1983
1952
1953
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104
195(>
deposit
1st
Y
N
1998
series
A
2013
72
98 %
2013
82
91
114'/a
series
C
River 37aS
coll
93
109%:.
1998
77
100
1998
87
95
1998
73%
97%
1998
80
93%
1980
997/a
1
gold
1997
3%s
.
3%s
mtge 3s ser P
Pittsburgh
3%s
y
1st
gold 4s——
1951
3%s series D
Purchase
Mtge
4s
Mtge
gold 4s
money
N Y & Harlem
4s
A
series
106%
109
113
11574
118%
11574
115
11974
10678 106 3%
*100 7a
2000
B__
110
*„
2043
_
—
2043
*—
? 1117a
West 4s series A—.—1973
&
"*—
847s
867a '
series
B
APittston
'
Co
ANon-conv
deb
4s
1947
1
ANon-conv deb 37aSANon-conv deb 37aS
ANon-conv
,
deb
1954
4s
38%
:
35
1955
ANon-conv deb 4s
'
v
38
—1956
1948
447a
ADebenture
*:
trust
4s
A 1st
6s;
tAHarlem
,1940
:
„
River
&
of
1927—1967
70
Port
37
-.
*__
126%
12474
1263/4 1263/4
122%
126
126%
—
—
126
2
V
135
126
128 74
129
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142
•
109
3
105
5
.
102% 1047a
•
deb
10074
104
104
i
1023/4 103
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105
104
102%
106
106
92
1037s
91
1
907/a
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907a
907a
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1
907a
10274
10374 1057a
—
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*118
127
127
*127
—.
7a
-
1007a
100
•1067a
——1966
;;
V
98
91
1964
3%s
100
15
100
107
113V
5' .4574
10574
--
112
1977
•100
JAFrovidence Securities 4s
1957
18
tAProvidence Terminal 4s
1956
•—
1103%
108
108
Public Service El & Gas 3%s
1968
*—
10974
109
112%
96
3%s
1st
&
ref
mtge
3s
1st
&
ref
mtge
&
ref
mtge
5s
8s
—
18
19%
-
•162
2037
240
110%
107%
10874 10874
1972
2037
165
160
240
251%
97
240
105%
149
40
VX/'/ 78
:
40
377a
-'5 108
477a
291
.
71 %
70
Quaker Oats 278s deb.
38
S
22 "'
207a
23
42
417a
457a
268
14 74 #
212
1957
& ref 4%s aeries
;
347/a
43%
353/4
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123
13474
21
105%
102%
38:
40
37
1956
t A Collateral
.
38
ADebenture certificates 3726
v
36%
12074
126%
•
-357r 35% ,;4
347a
36 ~
37
1—1947
—:
117%
10
•
10574 10674
1977
JN Y New Haven & Hartford RR—
,
II
•
17%
1962
1974
inc
5%
1st mortgage
103%
96
1973
25
1203/4
1960
1948
5s series B
gen 5s series C
1st
4%s
103% 103%
1959
gen
Potomac El Pwr lst M
26
5
1958
1st 4%s series A
mtge
1st
107
11174
103%
107
9 Va
10%
1950
1950
B
4%s series B
1st mtge 4%s series C
Pitts Young & Ash 1st 4s ser A
1047s
10574
108 7a
1949
gold 3%s
series
Lack
102%
*10578 1067a
*108 7a 114
103
102%
103%
10%
Coal—
1st 4V2s series D
1948
1037a
107
*—
1965
4%s series
Pitts & W Va
105
1966
1965
1st lien & ref 3%s series E
N Y Gas El Lt H & Pow
gold 5s
Consolidation
debentures
1st mtge
106%
100 %
10074 1007a
1007a
108
103%
,
*9
Pitts Steel 1st mtge 4%s
106
101
101
103 %
11
1027a 102%
1st
101
1975
12
103% 104
10574 10574
v
98% 100%
1986
B
ser
108%
103% 103%
1975
1st
E
ser
105%
1971
2%s
3%s ser E
mtge
137
142%
130'f 135
1967
ref
&
2%s
1964
Gen
105%
99;
;>'8k
Pittsb Coke & Chem 1st mtge 3%s_1964
Chicago & St Louis—
mtge
Dock
Y
99%
69
83
107%
106
k:> 15"*.;
1937
102%
1997
5s
registered-
N Y Edison
N
107 Va
A
Connecting RR 27as
Y
95%
109 %
91%
-
3%s registered——
N
94%
92 %
—
1954
:
13
130
94
V
—40
—
Pittsburgh Cine Chi & St Louis—
Series E 3%s gtd gold—
1949
Series P 4s guaranteed gold
1953
Series G 4s guaranteed
.—1957
Series H cons guaranteed 4s
1960
,y Series I cons 4%s
—1963
Series J cons guaranteed 4%s__1964
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
,
67
1974
1st
M
'■■■'<
r
High
106%
103
106 % 106%
Phillips Petroleum 2%s debs
series
HUd
ref
Low
3
8
'•I
130
J§APhllippine Ry 1st s f 4s__
ACertificates of deposit
.90
90%
Mich Cent coll gold 3%s_——
Ref
Electric
&
1st
1033°a 103a8a
1977
1961
gold 4%s series C
Philadelphia Co coll tr 4%s
Phila
■
Range Sine#
January 1
■
Sold
No.
High
1974
B
series
5s
—
Bonds
Bid A Asked
Low
■
1980
General
92%
73
90
3%s registered
New York
General
■
4s
impt
Shore
111%
84%
deposit
impt 4%s
Lake
108 %
103
104%
1956
of
&
3%s
105%
104
.
A__,
&
?
108
—
deposit
of
Ref
&
102
1935
D
Ref
N Y Cent
110
102
Marquette Ry 3%s ser D
Phila Bait & Wash 1st gold 4s—
118
107%
Apr 1990
1974
Pere
127%
118
108
deposit
of
ACertificates
125%
us
1954
series
Central
A
C_
ACertificates
Y
deposit
4%s series
A 1st
N
series
B
ACertificates
114%
105% 105%
—
104
Peoria & Pekin Union Ry 5%s
Mexico Ry—
5s
ACertificates
A 1st
109 %
Week'* Run
or Friday's ■
1960
4s
A Income
125
102
V
103%
•
~
>_
J-J
105%
95
M-S
-1947
& Eastern 4s ext
Peoria
1st and ref 2%s
&
of
ACertificates
A 1st
imp 4%s
gtd 4s
1st
Texas
JANon-cum
A
Peoples Gas L & C ref 5s
•— '
"123
__
vk
1974
High
110%
98
109% 109%
j-j
N O &
Low
107 %
No.
High
5s
England RR gtd 5s
Newark
*
-
y '
-
132
Chester—
•
*
„
JAN Y Ont &.West
ref
'"v«!*ta.l954
4s
-..1933"
N Y Power & Light 1st mtge 23/4S_1975
N Y & Putnam 1st cons gtd 4s—-.1993
N Y Queens El Lt & Pow 37aS—1965
N Y
Steam
Corp
1st 37as
1963
J§AN Y Susq & W 1st ref 5s„
§ A2d
Revere
15%
106 3A
6
105%
63/a
- 57a
73
5s———
1st
"903/4
ttwWnr
Falls
.1940
gold 5s
37as
Power
mtge 472s series A
A Gen
Gas
_19T/ rr m-a
i.1967
133%
143
138%
143%
-.1969
128/
^1974
Northern Pacific Ry prior lien 4s__1997
registered
3s
—1997
gold 3s
.Jan 2047
727a
133%
St. Lawr & Adir
■
707a
73%,
68
2047
93
2047
96
series C
Ref & Impt 5s series D
5s
Coll trust 4728
- -
•
•107%
MS
M-a
108% 108%
—
108% 109%
1103/4
k 45
J-J
J-J
.-r
50
127a
42
74
'
/
107*
20%
;•
11%
1374
*9
..1941
1971
-2047
1975
—r—:
<
943/4
90
97:
k 96
97
if 96%
112
98
99%
of
ACertificates
lien
A Prior
5s
10
34
ACons
4728
M
of
deposit
series A
ACertificates of
—
107
10274
103%
1037a 103 7/a
•1007a
10074
,1;
,94%
98
10074
87
*
9974 102%
1950
i—'
1950
v
1978 :
deposit
series B-__
ACertificates
106%
97
1996
1955
tSt Louis San Francisco Ry—
A Prior lien 4s ser A
112
967a
1st gold 5s
2d
110
"
;1947 '
1996
gold 6s
St L Rocky Mt & P 5S stpd
9074
72
71"
91
impt
&
,
109^08^
•108%-L-'
.-1949.
Saguenay Power 3s ser A
Island 1st 4s_
108% 127%
107
1223/4
107
107
impt 4%s aeries A
&
Ref
1037b 1107a
2047
registered
Ref
-
,_1934
fit Jos & Grand
,
4s
•
M-S
M-S
-
_1987
71
38
2014
47as series A
Gen lien ry & Id
88
&
'
& ref
1157a
49
103%
100
1998
mtge 5s conv Inc—
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
Gen
104%
98
1966
Norfolk Southern Ry Co—
1st
101%
1949
Elec^Cqrn—
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"series D
./ Gen mtge 33/4s series H
Gen mtge 3%s series I
Gen mtge 3748 series J
J§AR I Ark & Louis 1st 4%s_.
J A Rut-Canadian 4s stpd
tSARutland RR 47as stamped.
1943
*§A N Y West & Bost 1st 4%s—1946
Niagara
977s
1017a
A 1st cons Ac coll trust 4s A
;
104% 107 Wi
104% 108%
'•/V..2
105% 105%
D__1995
1960
ser
Copper & Brass 3748
J § A Rio Grande West 1st gold 4s__1939
-1937
gold
§ A Terminal
57a
1013/4
V
Co 1st & ref 37as
ivcaamg
263A
123/s
45
1013/4' ;1013/4 102 74
35
74
74 yyy3
V
V104% 104%
11
1937
472s
gold
? A General
~C 12%
June 1992-
AGenerai 4s——
deposit stpd
Northern States Power -Co—
(Minn)
1st
-(Wise)
1st
Id3/* 1057a
1974
1975
—1964
mtge 23As
mtge 23/4s
1st mtge
—
3%s
ISt Louis-Southwestern Ry—
101 Va
1067a
1st
106%
108%
A 2d
100 Va
$Alst term & unifying 5s
1952
A Gen & ref gold 5s series A—11990
St Paul & Duluth 1st cons gold 4s_1968
tiASt P & K C Sh L gtd 4%s
St Paul Union Depot 37aS B
Scioto V & N E 1st
JOgdensburg & Lake Champlain Ry—
A 1st
guaranteed
4s
194J
23/4s
mtge
23/4s
Oregon-Washington RR 3s
ser
A
1057» 105 7a
100 %
mtge 372s series I
10074
105
1960
1043/4 105
10474
107%
1966
108%
108% 1083/4
•
109%
10772
106%
109%
105%
11072
jLst & ref M 3s series L__—-1974
1053/4 106 74
110 74
V
1st & ref M 3s series M
1979
10672 10772
106 72
1117/B
i
1977
10672 107%
10672
111
& ref
1st
Pacific
Tel
mtge 3s ser N
& Tel 274s debs
Paducah & 111 1st
1985
f gold 472s
s
—
101
1955
-,
*104
Pater son & Passaic G & E cons 5s_1949
*10778
'
3s
101
1073/4
107
107
1
10872
111
Pennsylvania
Gtd
*
E
ctfs.
trust
s
Consol
4s
1952
3%s
1960
1087a 10874
*104 7a
—
7
103%
105%
1948
104
107
__May 11948
lC43/a 1047a
3
104%
106%
122
1
12074
1317a
12
1157a
1287a
Southwestern Bell Tel 23As
7
1237a
1397a
23
115
1157a
1357a
ASpokane Internat 1st gold 4%s—2013
Stand Oil of Calif 2748 dets
1966
Standard Oil (N J) deb 278s
1971
1960
1965
116 3/4 117
5s .series
1968
1237a 12474
'•
...
Gee
47as
B—
4728 series DL_—L
deb
vitge
3VsS
ser
see
E
1981
..1984
—
series
37is
^For footnotes
Devel &
1994
—1956
1956
1956
—1996
1951
11
4%s series A
mtge 4748
1st cons gold 5s
gen 4s series A
gen 6s
104 3,4 1043/a
General
Conv
*.
10774
Devel
1952
1985
F—
page
1745."
116% H73/4
1165/a 11678
1037a 104
99% 100%
5
54
51
;;
135 7a
h:i,.103 j t M-1%
"99% 1077.
"•
&
6%s
1st gold 5s
Louis Div 1st gold 4s
gen
Mem Div
,
:
&
Devel
gold 4s
stpd dollar
114%
63%
35
44
10574
100%
129%
132%
977a
1013/4
—
,
1293/41293/4
90 %
56
25%
15%
97
-
977»
;
101
97
80
56
10074
977a
105
1007a
129
128
St
debs—1985
Sunray.Oil Corp 27/bS debs—
Swift
& Co
2%s debs-.—
1077a 1073/4
1047a
102 3/4
*—-
-
9974
947a
102 %
108
102
-=
9074
94
843/4
9274
1960
—U961
-
105 74
1053/4
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48
116
:
987a
145
109%
11074 -128
'
;
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104 7*
,
f
1357*
105% 1097a
46
48
?/
123%.'
1227a
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10478.105
97
107
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112
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-
•'
93%
91
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107
107
105
88 3,4
119
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1063/4
907e 10274
877a
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9272 1107a '
1063/4
106
/
93
98 74
957a
/
f
114%
987a
97-
95
107% 112%
1961
1st mtge 2%s ser G
jy-
1033/4 1043/4
1965
*
937a
1986
—1996
27aS ser E
23/4s series P
1033/4
1033/4" 1047a
General
Getl
1950
Co—
17
:
sinking fund
1977
1969
1981
104%
RR—
sterl
General
113%
L
1st 4s
RR
Southern Ry
122
Cons
1077a
1027a
10
•
1975
:
debentures
f
1st mtge
94
& Light Co—
Pennsylvania Power
1st mtge 38
3s
Pacific
1st mtge
Pennsylvania Glass Sand
Pennsylvania
907a
A
J.
San Fran Term
Southern
1960
Co—
(Oregon Lines)
4%s
ky Gold 4%s
Co—
series
4s
debs_
inc
conv
Pacific
-—.—-—1979
—1985
1st mtge
1994
4%s
Gold
Pennsylvania-Central Airlines—
3V2s
'
Southern Indiana Ry
1st
107
Tel & Tel Co—
debentures
23A debentures
Southern
10l3/4
—
Bell
Southern
|
"I"
1053/4
1970
—1971
39
*10674
.
10572 1057a
1st As ref mtge 3s series J
1st & ref M 3s series K
/
105
114%
*112
\
93
62
73
6974
"Seaboard Air Line RR Co—
1st mtge 4s ser A
1996
A Gen mtge 4V2s ser A
2016
J A Seaboard All Pla 6s A ctfs
1935
Seagram (Jos E) & Sons 27aS debs 1966
Shell Union Oil 27as debs
1971
t§ASilesian-Am Corp coll tr 7s_—1941
Skelly Oil 23/4s debs
1965
Socony-Vacuum Oil 27as
1976
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1963
106
101
101
gtd 4s
65
V
1087a
10174 10174
*
& Electric Co—
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& ref
1st
105
1975
1975
1
'
Oklahoma Gas & Electric
Pacific
29
15
20
1974
Ohio Edison 1st mtge 3s.
1st
*14 7a
1941
1971
1989
120
87j/4 100
Nov 1989
bond
inc
4s
1989 r
certificates-:
ctfs
bond
4s
97% '
1
67%
:
107% '
-
09%'ij
1027* 106
.Volume 164
;.;K *:.'MM:
Number 4531
THE COMMERCIAL
FINANCIAL CHRONICLE
&
M'/' '.':
1745
"
^
'
RANGE
.
BONDS
York
Stock
New
Friday
Exchange
Interest
Terminal RR Assn of St
Loui*—
j
Hef & Imp M 4s
Low
■1
ref
M
3 Vis
ser
1st
<fe
ref
M
3%s
ser
C
Pacific
Gen & ref M
1st
E
ser
95'A
1985
Pac Tenn RR
of New Orl 3%s__1974
Third Ave
Ry 1st ref 4s
AAdj income 5s
98
Tol & Ohio Cent ref &
impt 33/4S__1960
Trenton Gas & Elec 1st
gold 5s
1949
Tri-Continental
Corp
mtge 4s inc ser A
Co
Mo
104
110%
5%s
Co
debs
109%
112%
102%
107
104%
105%
102
59%
68 Va
102%
102%
104%
104
114
117'A
Ltg 5s stpd gtd
mtge
C
3 Vis
Pacific
96
94%
102% 102%
2%
inc
104
99
♦101% 103
104'A
Acme
A
D
Wire
Co
F Co—
Aero
-10
Mfg
common
Air
Associates Inc
2361
Air
Investors common
Convertible
Aireon
60c
20Va
5%
21%
12
—
.
5
.
.
13%
;
50c-
6%
6%
.7
10%
10%
5%
11
—.3
Alabama
Great
-50
—
—
Alabama
Power
100
—
4.20%
pfd
Inc_
6%
Co
pfd.
—5
conv
Goods
Aluminum
Industries
•
Ltd
Mfg
37
—•
—•
B
Oct
a
2%s
1976
100%
102%
3%s
1971
100
110
delivery
in
the
sale
not
range,
year's
n
included in the year's range,
d Ex-interest,
Under-the-rule sale not included in the year's
y Ex-coupon.
range,
of bonds.
Accrued
interest
York
Curb
;
Fork
&
Hoe
Gas
&
•
23% Feb
38
Aug
9% Jan
common
1
.■
General
'
Corp common
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class
common;
A
Ashland
Oil
Associated
non-voting
•
Range
sale not
Cash sale
of
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.....v
Sale*
for Week
-
Low
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M-
7%
8'A
■>./
4
4
14
■
U
13%
&
Refining Co™
1
Sep
4
Sep
10,400
4
2,500
"
Y
10
14%
1,800
10%:-;
1,500
Sep
110%
.
dep rects regi
£1
Associated Laundries of America™.
•
Associated
Tel
Tel
&
class
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9%
8
Sep
9%
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Sep
9%
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11
.115%
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.
27%
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4
- -
Feb
:
Oct
12%
:
Jun
Jun
14% May
Jan
Y
:
"
c.'.aY.U High
7
2,500
10%
-110% 110%
Low
2,100
-
4%
10
10'A
—
Range Sine* Jannary 1
-
4% .c
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2.50
-
Electric Industries—
A
—'
Atlanta Birm & Coast RR Co
10%
Jan
1%
Sep
Sep
.
-
12% May
3% Feb
pfd—100
5
Y,:
11% Jan
.
17%
20
18
—
600
400
1,700
500
Atlas
Plywood Corp'>——————v-t
Automatic
Products
1
9
Sep
Automatic
Voting
•
6%
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10%
Jan
5
11'/a
Oct
22%
Jan
25 Ve
Feb
28
Apr
26% Jan
41
May
Jan
Sep
Sep
29
May
Avery
15
Mar
6% preferred
Ayrshire Collieries
'
18% Sep
17
Sep
116%
12
.
90% May
(BF)
26
114% May
1
Babcock & Wilcox Co————.i—•
Oct
7%
Oct
Oct
Banco
Locomotive—
Baldwin
11'A Sep
preferred
Barium
47%
5
Jan
Basic
Corp
Beau-Brummel
37%
Sep
Beck
(L)
Beaunit
Jun
/
Sep
Sep
34
Ties
5
1
1
com
Inc
—
—
,
Shoe Corp
Aircraft
-
common
1
1—100
Sep
Convertible
'
common
preferred
•
—
Berkey & Gay Furniture-i.-;——J——1
25
25
26'/a
Sep
Birdsboro
14%
Sep
Blauner's common
Sep
Blue Ridge
Maracaibo
American
Meter
Co_<
19%
1
—
Co
2%
•
American Potash & Cliem class A-
35
•
Class B
Seal-Kap common
Superpower Corp com
preferred—
series
American
Thread
American
Writing Paper
5%
Inc
common
5
For footnotes
see
page
100
25
Sep
Borne, Scrymser Co
Bourjois Inc
Sep
Brazilian
Jan
Breeze
1st
Co
Traction
*
Lgt
&
Corp common
Brewster
Aeronautical
Sep
Sep
Sep
Bridgeport Oil Co
Brillo Mfg Co common
OlftSS
7%
041/2'
.7%
111% 113%
Pwr—*—•
1
Bridgeport Gas Light Co
Oct
16% July
4
•
common—
8%
'
100
preferred
Sep
(H C)
♦
5%
__£i
1749,
Bohack
Co
&
7
Anglo-Iranian Oil Co Ltd—
1
♦
Sep
(S)
7%
•
1
1
1%
1
Am dep rets ord reg_>
Angostura-Wupperman
Corp common-—
optional convertible preferred
Blumenthal
43
2
Apex-Elec Mfg Co new common
Appalachian Elec Pwr 4%% pfd!
•
5%
2
common
$3
Co com_'
Sep
7%
10c
Products
Sep
1
common
Steel Fdy & Mach
127/a
—♦
preferred-—;
Bickford's Inc
31%
10
American
-
Sep
33
•
Republics
1
2.50
1
-
Canada—
Hedges
&
25
American
7
.
Inc
Benson
Jun
16%
•
■
,
common
common
Bell Tel of
Feb
51%
& Co
Mills
(AS)
Bellanca
47
A
Refractories
Bauman
L
„
convertible
Oct
109%
1
common
shares
Sep
16
Co
Andes—
Steel
$1.20
41% Sep
3
los
Barlow & Seelig Mfg—
Sep
1%
_30
Rubber
de
American
M
1
»25
i
Corp
Y Jan
107% Oct
52'/a
25
common
207% Aug
Baldwin
20
Machine
& Sons
4
Oct
67/a
Sep
111%
Oct
21
67/a
9%
May
Feb
Sep
116% Aug
A
'0
j
American
Am'dep
AiYt
#4av>
nf/l
*
•
•
*
Co
Tobacco—
rects1 ord bearer..
vrfC
:—1
«* —— —t—
British-American Oil
Eritish
7%
59
5%
25% Feb
Jan
2%
1
50
—s
Feb
121
4
.'
1
Co
warrants
16
Sep
167.
107% 107%
Corp
48
Sep
17%
Atlas
Feb
60
156
111
Fisheries
40
X112
19%
-I
162
Coast
Coast Line
American Mfg Co common
Co
r
reorganized under Beotion 77 of
of Prices.Share*
4'A
*
American
American Light & Trac common
6 %
preferred
Post
rate
or
Week'e
'■■M
:
Gas
16
f
500
10c
American Hard Rubber Co
American Laundry Mach
Anchor
Odd-lot
Atlantic
J-Yj:i
convertible preferred
$2.50 convertible preferred
Angerman
exchange
7%
1
Equipment Corp;
_100
a
$2
$0
the
Last
Par
:
Common
,110
preferred
•VM-'.TM'i..
:
e
range,
-
133% Jan
5% Sep
100
*
5.800
10
Electric
Amer
at
Friday
Exchange
Inc
10% Sep
1.700
1
68%
Foreign Power warrants-
American
American
-
tThe price represented IS the dollar quotation per 20O-
payable
e% preferred
*
10
Arkansas Power & Light $7 preferred-'
Aro
51
Power
,
Arkansas
•
87%
56
29
Service
Aug
May
Jun
62%
-25
common.
American
.
Apr
17-% Jan
22% Jan
,
Sep
114% 115%
67%
115%
1
&
;
65
22'A
1936
..
Jan
5% Feb
Sep
500
1
—
American
4%%
'
4% Aug
89
—
19%
100
Mfg
Cyanamid Co
American
deposit
'Friday's bid and asked prices; no sales being transacted during current week,
A Bonds selling flat.
'
.
Argus
Feb
13% Jan
7% Feb
21
Sep
1,000
10%
—
1
Co
Central
American
M
6
,
-l
common
American Cities Power & Light—
M Class
A
Class
of
,
90
58
Sale Price
MJun
30%
Sep
6%
10%
18":
—
i
common
,100
Book
__
—♦
common
Beverage
American
22
.•/
12'/a Sep
4% Sep
..
11
American. Bantam Car Co
American
123
—.1949
*
108%
10%
—
18%
«•
preferred
American
.
100
Aluminum
6%
5%
0
3% Sep
11% Sep
1,900
common
common
preferred
Aluminium
9
10,600
-
—
5%
10%
—•
common..
(Mich)
Altorfer Bros Co
5%
—1
Investing $3
Products
Aluminum
,
--
—1
Alles & Fisher common
i
106
117%
Atlantic
Southern
Airlines
Allied
108
102%
High
4% Aug
--
Allied Int'l
105'/a
STOCKS
11%
20ys Oct
.1,000
1,100 ;
400
»
.
-10
,
Sep
Sep
300
;
__
Air-Way Electric Appliance
Alaska
1970
series
the year's
New
210
4
12%
13
300
>-2,300 A;,
6
3%
-10
preferred
C__
1st mortgage 3s_—1958
B 1st 4s
1960
Public
unit
91
109%
104
Range Since January 1
Low
'0
5%
'
—2
Corp common
Mfg
convertible
series
64
99 %
;;\M; ;.\YmY v.M'
Shares
10%
13'A
.1
i
High
9%
-
102
Sales
9%
3%
—1
preferred
2%s
94%
65
106%
1992
Deferred
-.-for Week mM'-M
5
->
—5
(N J)
Low
20'/a
—1
Range
5
.:
—5
—,
105% 105%
of Prices
\
—1
:
116%
1960
fCompanies reported as being in bankruptcy, receivership,
the Bankruptcy Act, or securities assumed by such companies.
a*- ■'
102
Week's
'M
Last
>
Supply Mfg class B_
Alnsworth
' *100%
105%
Friday
common
96%
A
included
pound
102%
102%
MM-M-
Alloys—
100%
1951
Wisconsin Electric
115
Par
Aluminum
102
C:-
Sale Price
Acme
97
^Negotiability impaired by maturity.
102
v
ACF-Brill Motors warrants
100%
107%
1951
§ASu & Du div & term 1st 4s
ACertific'ates of deposit^—
not
Virginia Electric & Power Co—
1st & ref
mtge 2%s ser E__
1975
Va Iron Coal & Coke 1st
gold 5s__1949
Va & Southwest 1st
gtd 5s
2003
1st cons 5s
1958
Virginian Ry 3s ser B
I1995
Exchange
111
1971
A Certificates
...;
1957
STOCE8
104%
1950
t§AWisconsin Central 1st 4s
101%
100%
M
Co
Included in
New York Curb
105%
Winston-Salem S
1955
f 4s series B
s
105
guaranteed
1st 4s
ref
&
a
Cons
109
105%
debentures
Wisconsin
A
106
2014
A
ser
105%
107% 108 V«
2%sJ.
Wheeling Steel 3'A
99%
101%
99% 100
_
series
115
105% 106
108%
1952
1st 4s
4Vis
114
1966
series I
Registered
:
>———2361
Wheeling & Lake Erie RR 4s___
1949
Gen
101 aV 104%
102
107'%
103
95%
Universal Pictures 3%s debs__
g 4s
>_1950
1967
3 V2S
Power
Maryland
Wilson <fc
101II 102 3*2
102
cons
1970
gtd gold 3'/as__2000
West Shore
<
34
34
103
U
Vandalla RR
99
*
.->
1st ref
Union Telegraph Co—
Funding & real estate 4Vis
25-year gold 5s
30-year 5s
3%s
United Biscuit 2%s debs
S Rubber 2%s debs
102
92
Western
debentures
series
s
103
Baking
Western
1st & land grant 4s
2Vis
High
107'A
conv
Western
.
mtge
Low
96
Gen
5s
Union Oil of Calif 3s
debs..
2%s debentures
Union Pacific RR—
Ref
Jannary 1
.
debentures 3'As_1976
West Penn
(Chic)
2%s
Range 8inoo
Sold
No.
106'A
Westchester
54%
i 1st
mtge & coll tr 2%s
t§AUnion Elev Ry
i:
/
Bonds
High
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A__1970
99%
27/as debs___1961
of
Friday's
or
Bid & Asked
97
(subsordinated)
•
Electric
Week's Range
Last
83%
Westinghouse El & Mfg
Union
Friday
Sale Price
1971
Warren RR
100
*—
-MM
Jan 1981
mtge 3'As ser B
Ward
95%
52%
/
1st
102% 102%
>1960
Jan 1960
'
Co—
RR
AGen
133
99%
Texas Pacific-Missouri—
;
Interest
AGen mtge inc 4%s ser B—Jan 1991
104'A
'."132
.
Exchange
Low
100% lOOVi
1990
2000
Stock
High
106'A 106'/2
1970
gold 5s
3%s
Low
York
Walworth Co
B
Texas &
No.
High
"*103
1955
&
4
Period
New
Range Since
January 1
Sold
129 Vi 129 Va
~1985
1st
OCTOBER
Wabash
2019
imp 27/8s series D
Corp 3s deb
Texas & New Orleans RR—
•
Bonds
f:
C
ser
Ref &
.
Texas
ENDING
BONDS
or Friday's
Bid & Asked
^
;
WEEK
Week's Range
■>.. Last
•,
Sale Price
Period
FOR
TP®
•,
;
:—£1
24
Sep
Sep
16 %
v-i
Jan
91
Jan
Sep MY;. 13% Apr
Jan MM 38% Maq
18%
Jan
FINANCIAL CHRONICLE
THE COMMERCIAL &
EXCHANGE
NEW YORK CURB
British Celanese Ltd—
v
e
1
common
Detroit
Devoe
102%
Steel
&
Products-
Raynolds
Sep
common-
11
Bunker Hill & Sullivan
2.50
17 %
17
Burma Corp Am dep rcts_
1,400
Sep
•
,<
6,900
1%
Sep
•* 7
2,600
6
Sep
13
1,300
7% Mar;,1
1%
l5/8
Co
Butler
Corp
(PH)
12'/ac
.
6%
13
—25c
common
Dominion
Bridge
Dominion
Steel
Tar
Textile
4:
;
&
American dep rets 5%
pfd
—£1
Calamba
Sugar Estate
California Electric Power
Callite Tungsten
4/4 -- -4
—5
B
non
10
9%
Sep
11%
Sep
f
—
15%
16%
Carman & Co class A
14%
"2% "3%
2%
47% ■•48 44
July
Jan
68
25
116
Oct
122
Sep
700
14%
>•
94%
West
Utilities—
141/4
Sep
10%
;
Sep
4
Co common
V
34 y8 July
61% V
19%
4/
444
125
■
166%
Oct
—5
20%
10 y8
22
May
12
Jun
17%
6V2
15 Va
17%
7
15%
16
3%
3%
15%
.
.
Chicago Rivet
E
*
3%
...
100
63
89%
Sep
4442% ■
*/.;
—
Chief
Consolidated Mining
SChllds Co preferred
Cities Service common
$6
12 %
"*1% "l%
—1
.100 4
!
Electric
Oct
60
60
150
60
Sep
98% May
43
4oy*
43%
1,000
40
Sep
56%
Sep
15% May
a%.
70
69
69% $
.j—_
1
:
2,400
'
300
4%
4%
16%
409
19
19
'
4y»
19%
1.
_
'
19%
20
16%
17%
■/.
1,050
16'A
pfd— .100
.'Vr: -109
Co
*
common
5
0'
•
1 Oc
_
"9%
"t'
2,800
10
200
:
14,800
2%
2%
Colonial
Mills
—.
1
Inc——_—
7.50
Colorado Fuel & Iron warrants
Arms
25
& Southern warrants—
Community Public Service
:
Community Water Service——
Compo Shoe Machinery—
V t
c
ext to
Oct
15% May
Sep
32
'Jan
6
Aug
4%
Sep
3%
Oct
9
10%
Oct
20
Apr
10%
25
61
'V,
60
10%
10%
700
12
200
.
*
Mar *r
38
50
42
60
Jan
^4%
i:
4%
4
f;
18%
4-
18
33
29
1,600
27%
4
2,300
5%
25%
27%
:
29
6,000
34%
4%
15
4
32
34%
2%
13,300
fff
34%
r
4:
'/a
30
Sep
800
11
Sep.
22
150
28
Sep
34% Jun
life
10%
11%
22
22
45
10%
900
•
common
4Vz 99
100
4%
Amer
Fox
44 75
77%
116% 118
$3
4%
Feb
9
Feb
5
Jan
Jan
121
.
July
91
:■
Jun
25
July
Sep
3,900
7% Sep
Consolidated Mining & Smelt Ltd- —5
1,925
71% Jan
1,100
Sep
95% July
6% Jan
Jan
47
8%
8%
(Geo
Consol Textile
-10
5,000
30
Cooper Brewing Co_.
Copper Range Co
IS 9%
600
6%
j
9%
900
8%
Amer
5%
1%
2,100
'if
15%
4,600
J:
91
preferred—!
31/2
-50
37
{ord reg) _£1
7
37%
4
10
x90
Sep
36
Sep
100
7
3%
.
7%
110
Ji
Croft Brewing Co
Crosley Motors*. Inc—
Crowley Milner & Co
-5
29%
-1
—
>2%
.13%
(Md)
Alloys
-2% "
5,500
13
1,600
14
2%
Oct
1,600
300
17
6%
4,300
267/a
275
$6
Jan
:
preferred-14.:—-—25
Crystal Oil Refining common——*
26%
26%
27
10
5
•V 23%
100
105%
common-.
■.{■15%
,'22%
.
Plywood
new
27
40
237/a
7,400
105% 105%
50
15 y2
17
150
2.50
5
com„2.50
Davidson Brothers Inc—1—
1
Dayton Rubber Mfg class A conv—39
Delay Stores
For
common
footnotes
see
50c
page
1749.
19%
21
—
,
?.
v
.
Sep
10%
Jun
r
25
Sep
36
Jun
■;
Sep
Sep
400
25
22
>
Sep
Sep:,..
13'/a Sep
7% Sep
105%
11
Oct
31
9%
31
10%
31
9%
35
11
Oct
Oct
Sep
Sep
Sep
Sep-
31%-Apr
5% Bep
.8% Jan
»
.19% Bep
20
Sep
29% Jan
35
Jan
!
3% Sep
7% Mar
4
—
1,000
-
.
it'k
"8% ~8%
?
;
27%
44%
400
15%
16
800
26
27%
600
51
Aug
30Va May
Jan
25
,
9% Jan 4
A
7% Mar
200
44
15%
;
26%
4; 14%.Sep
81
81
20
108
70
,
105
40
July
110
July
July
t
22
Jun
18% July
:
Sep
Sep
Oct
:, 80
105
105
;
<
150
May
6% Apr ; >
60
Apr./*
36% Feb J1'";
108
*:■
May
38% Jan
13%
Feb
20
Feb
39
20%
14
•
G
Yellowknife
(A
C)
Preferred
1
M
—
•
~*
4
-
—
•
$4.50 prior
Goldfield
i.
r
Goodman
*"
Aug
Jun
Lamp
Hamilton
Co
Bridge
Hammermill
Paper
Ltd
54
'i4
•——-
17%
Feb
10%
Apr
Feb
12%
*31%
Apr :
109
Jan
18
Jun : I
140
6% "Apr 4?
110
May
115
111%
Sep
18
6%
»4
20
13%
.
13% 4
52
53 %
10%
20%
8% 4
51* 8
,
Feb
;!
i
Oct
29 7/a
Apr
39
Jun
Sep
28
Jun >;
Sep
13%
Sep
24%
4100
103
"
i:.
Feb
f|
87/a
69
•
44
Feb
107
Aug
Jan
22%
.71\
47 V\
Jan'
1
14% May
12%
Sep
Oct
15
Sep i
93%
Sep
:
•
'23%
j
-,
Jun
's
1
I
'
i' ' "
99
138
39%
2,500
18.;
16%
•
-
t
:
138
•
37% Febii
*'r
'
750
99%
1,
40 %
-
.4 ,150
400
,
134
Apr
Sep
46
j
"July
147
Mar
37
135
(
% Aug ;
,
"
18%
19%
16%
17
3,000
16%
Sep
.500
13%
Jan
23% Jan
'
•;
113% 113%
50
*111% May
28% May
116
16 V4
Jan
12%
—
I
Jan
Sep t
X8
.
Sep
17%
i
i
Apr.;
48%
r :
>
i
-Jun?'
53
Sep
'
Feb »|
•"4*
SepA-Jan.1..
10% Mar
•-100
1,400
l
i
24% Jan
.4 26 % Jun
,.!%*Sep •<•.
,
w
;l;Z00
12%.
12%
i
Jan : *
-
18
50
400
55
Feb
4 4% Sep
V 57 ■
Sep
,1,450
*;
•
18
46
•.
43%
Sep
.
16,400
1%
i
18
3,800
4,100
*
j
27
!■
500
2,200
>
59
1
26% "
(
•
6% -Oct
Oct
52%. Sep
100
~
20 //
19 % - ;•.
15
.•
6%
20
—
t ;
i
Jan
Jan
1
—
' a
Apr f?
23%
-
Jan
600
54
•
—
--
-9%
i.
—
U
Sep
600
22%
21%
21%
1
6%
6%
—
Sep
100
300
8%
Sep
17%
Feb
6 %
Sep «"*
11%
Feb
900
31 Va
Oct
52% May
•
T
Co
Feb
Jan
—
Inc class. A_—_————.—T
:
Gorhant^MJ|(> bbflitnonl—
—10 x
52 ;
Graham-Paige*Motors $5 conv pfd—25 4
19'/2
Grand - Rapids Varnish.
18 %
Gray Mfg Co..—:
!
—5
' 12 Va
Grayson-Robinson Stores;—1 11 167/a
Great Atlantic Sc Pacific Teh—
tr
:
I
Non-voting common stock
*
99
7%
1st preferred
1
.100
138 *
Great Northern Paper:
—25 .4 ,40
Greenfield Tap & Die
:
*"
18 %
Grocery Stores Products common—25c
Gulf States Utilities $4.40 pfd
100 :
—
Hall
18%
110
:—;!—50
Mfg* Co—.
i
Sep
96
>• 54
v
Jan
111%
*
preferred:
Jan
3% Sep
Sep
3%
96
2.50 s' /—
L* 4 '18%
—5:. 14'A
Consolidated -Min6s^^___.—1
9%
104%
19%
Glen Alden Coal-—
L—
18 y8
GlobenUnion Inc.—^,—
.13%
Gobel (Adolf) Inc common—
—1
4 6%
/
5^Godchaux Sugars class Ai.——-1—t
"59
i
59 "
Class B
—* 4 26%"
. 26% '
-
14%
liy8
15%
—*
common
—
Co
5%
v
I
Sep
Sep
8
Sep
8% Sep
3% Sep
20
Sep
104% Sep
9
preferred—"
-*
—•
107% July ' f
5%
15
Corp Com—-—1
preferred
Jan
3%
5'/2
3%
:
Jan
07
__
Aug
16% July
39
10% Jan
13
-12%
-12%
"
'—1
Corp
Gypsum Lime & Alabastine
Davenport Hosiery Mills
III
[rmtm g'fi?
-100
Public Service $6
convertible
Gilchrist
10% May
51/4
2%
45
Oct
18% Oct
*
pfd-
Gladding McBean & Co__
Gleaner Harvester
Corp.
!
24
*
common
Gilbert
Apr 4
May
Fireproofing
:
f
Oct
/ Sep :
70% Feb.
Sep--
200
5%
—
—
Giant
Jan
: 23y«
:
t
■
11
series A
*4
.
,
Sep
Teh
700
20
21
1
10
Finance
Georgia Power $6 preferred—
$5 preferred
May 1
5% Feb-.4
21% Apr
Sep
;
Gorbam
convertible^
Lighting Inc common
Curtis Mfg Co (Mo)
2%
9
29
41
£1
rets ord reg_
Corp common
dep
General Shareholdings
38
12% Sep ,"
17%
61/4
5%
Curtis
6% ::
500
Oct- 4
24% Mar
6
17
•6 V2
—
2,800
13%
25c
$0 preferred
29%
28%
.
100
-—1
*
Co
preferred
General
2
."-61/4
Cuban Atlantic Sugar—
599 preferred
;
11%
:—
Crows Cork, International ACrown Drug Co common-™—:
7
Jan
•
common,
General Outdoor Adv Q%
6% Jan
44% Aug
?
-
Feb
Co
Power
General
Feb
26% July
Sep
3
100
.•
5%
common—————5
Corp
'#
Feb
July
7% Sep
14% Feb
Sep
100
91!
31/4
preferred—
1
44
Sep
Sep
2,500
41/4
41/4
¥
III
1%
13%
>——
Warrants
;
Sep
1%
Apr
Feb.1
17%
Jan
59
1.25
1
1
•
100
Co
Gellman Mfg Co common.
-
Sep
14%
III
*-
American dep receipts
Creole* Petroleum
:
Cuban Tobacco
7
-
550
1
preferred
5%
General
33
Sep
;; *
—
799
24%
._5c
Corroon & Reynolds
$6 preferred A——
Cosden Petroleum common--—
Crown Cent Petrol
100
;■
A)
convertible
General
17% May
14%
31
6%
Cornucopia Gold Mines
Coro Inc common-—
convertible
9% Sep
Sep
3,900
Cook Paint & Varnish Co
5%
34
1,200
—
Co—_—
Continental Fdy & Machine Co—
Courtaulds Ltd—•
2%
40%
44
ll7/a
1,600
-
stock
conv
General
Royalty Oil——
Consolidated Steel Corp—
Feb
Jan
25
Gen Electric Co Ltd—
12% Jan
Consolidated
;
112% Aug
■>:
8%
Sep
7,200
;
(Peter)
Garrett
26% Aug
Sep
17
5,050
13%
1'
Feb
17%
26%
-
Jan
Apr
4 8%
40
i8%
13
Sep
Sep
Apr
49
70%
100
Feb
f
%
Jan
16% Feb
600
17y*
13%
rets bearer
dep
f;
115
118
.
'
of France—
?
1071/4
1
Motor
Ford
Gatineau
300
18
107% 107%
77'A
100
series B preferred
preferred series C
Consolidated Gas Utilities
Class
-
|
1% Sep
17%
18
#
Sep-:
4%
20%
■
■
Fuller
42
44%
17%
4;
7,200,
'
■
non-voting-—.J*
B voting
*
Jan
Sep
20y4 Sep
200
.
5
4%
4%
20
Jan
43
48
Sep
Sep
Jan
3.450
£1,
rets-ord reg
dep
Brewing
Franklin Stores,
2% Sep
1,900
2%
2%
;
100
Jan
121/4
1
pfd
50% July
12% Jan
Sep '
Apr
4%
'
29
Class A
'
6%
•
Sep
Sep
25%
2,700
•
5
16
9y4 Sep
2% Sep4
50%
Ford Motor nf Canada—-
17% Apr
Sep
3% Sep
7,400
19
*
1
Am
25% Apr
7% Jan
12
Apr
(M H) Co—
Fort Pitt Brewing Co
:
12
112
28%
Ford Motor Co Ltd—-
Jun
105
9%
42
Feb
Apr
11%
48%
"5(5 to $1 Stores-
f
Mar
'§ 50
Fishman
Feb
9'/2
*
Co
Consol G E L P Bait
July '
21% Jun 4:
10%
Metallurgical
div- cum
$2
156
700
;
1
—
Biscuit
:
16
50
Apr
39%
29
Fedders-Quigan Corp.
X,;
Federal Compress,Ac Warehouse Co—25
Fire Associatiom. (Rhila),
.—10
First York
Corp common
10c
'ki
"
1956—.
Conn Gas & Coke Secur common
$3 preferred
Consolidated
July
•
15% Jun
300
60
A
166
Sep
12
100
4-
Sep..
Sep
11% Sep
116
Sep
;•
30%
53 V2
*12%'
1
-L.10 k
Engine & • Airplane
Fansteel
?.
Feb
11,700
•
25
1
17%
'
41%' Jun~-1-
37/a
5
Colt's Patent Fire
10%
17%
1,200
4 '
184% May
:
4% Sep
66
1
1
*
•4%
*
ordinary—
Airlines—..—
12%
r
Jan
V
Jan
Apr
27
Sep
5%
Equipment™— 4
&
127/a
Sep
common.
Jan
166% July
r
v
Sep
45
preferred
Derrick
77% Mar
3% Sep
17% Sep
—50
16%
—10
1
Sep
125"
»•»
**•"
78%
Sep
Jun4
26%
5
250
6%
5'/a
5%
19
■
Falstaff "Brewing-
3%
9%
•
14,600
Sep
Sep
Sep
Sep
1,100
116
115
116
13%
68
68%
100
45,300
"
700
Jan
'
•
common—
Corp
15%
68%
"
69%
-
National Watch Co common —15
Co
14%
68%
-
*
7%
700
9
8%
14%
—5
Falrchild Camera & Inst Co
Sep
Jan
Jun
63
^5.
1
Fairchild
.Jun
4:4 4%
3%
100
12
10%
'*'t
Colonial
Commonwealth
44
1%
20%
5
200
*
88 :,May
>
Sep
140
.
4; 1,250
-A.'
—
■
■;
10%
Illuminating
Products
.'..4
•4^4 *4^.V4/
Clinchfield Coal Corp
Cockshutt Plow Co
Colon Development
«*-*
—-
12
Mfg Co
Claude Neon lights Inc
Clayton & Lambert Mfg
Cleveland
24% 4135 %4
'
—
Clarostat
Club Alum
23
132%
preferred B
$6 preferred BB
City Auto Stamping
City & Suburban Homes_
Clark Controller Co_;—
240
132
23%
-10
preferred
60c
4,800
1517/a
140
142
42% Jan
104
68
——
common
May
63
v
■
/■'.
x--'
•
:
.'4
600
2%
2%
*
92
35Sep
1% Sep
•
*
Jan
104% May
Sep
54 Va
96%
57%
8
3% Sep
2,500
1,275
95
60%
19
651/4 Sep
75
68%
—4
10% Feb
20
Apr
Feb
■■
467%
>"67%
^.10
common-
& Mach
24% Mar
Sep
13% Sep
'
Chesebrough Mfg
Apr'
Feb
6
Jun
§e.P
......
r>'
Feb
98%
110
Jan
29
...20
Sep
65
95
Sep
Oct
Feb
5
Sep
16% Jan
■
96
30
'
__25
$3 convertible preferred.
Esquire Inc
Eureka Pipe Line common
52% May
.225
21%
Sep
45
—
-95%
Iron
warrants
Emsco
53% May
Sep
11
4
July
70%
45
95
—
—
4. .100
Corp™
& Share
Equity
Apr
18
100
13%
May
22% Sep
9% Mar
•
"
,
—
—
Empire District Electric
May
100
17
13%
Apr
Feb
May
107
pfd
5 %
151/4 May
Sep
/
11% Mar
14%
Jan
4
pfd
Elliott
52% May
Oct
18
5,000
5%
5
17 0
10
—5
Corp common.
Cherry-Burred common
55
120
18
106
Oct
171/4
780
58%
18
18
5
—1
America
1,600
•
%
Jun
Apr
•
preferred
Elgin
ey4 Sep
9,200
18
!
Electromaster Inc
97% Aug
Jan
100
18%
19%
'i.—.
100
Charis
50
'
iooy4
7%
59%
100
100
1929——
of
38 %
-
Electrographic Corp
231/4 July
Sep
12
200
17 V*
States
Option
Apr
18
7%
•
^
formerly $5
formerly $6—
Electric Power & Light 2d pfd A_
Sep
51
93
17 %
100
Malleable
$4.20
Apr
Jan
10
22%
21%.
100
100 y4
50c
preferred—
4
21%
44'
•'
11;.'"44^
,
.
$3.50
Apr
Jun
7%
4,100
15%
94%
14%
1
Electric Bond
33% Aug
Sep
Co—
Conv pfd opt div ser_„
Conv pfd opt div ser
Co
"*7% "7%
~7%
—
Chamberlin
4 38
Feb
46
34 ya
§Cent States Elec 6%
799 preferred
Cessna Aircraft
Sep
Sep
——*
-
Easy- Washing-Machine B
Jun
9
116
116
;4r:
—
Corp of America
South
45
410
-
:
prior preferred!
preferred
$5
Jan
20
3.5099 preferred
.100
Central Ohio Steel
Products—. —1
Central Pow & Lt 499
100
pfd
Central &
4%
Sep
32%
■
Co
Power
3%
Eastern Sugar Associates—
164% May
Sep
28
300
——
Maine
3,900
—
1
$7 preferred series A
$6 preferred series B__v.
34,800
30
30
47%
Carolina P & L $5 pfd
Carter (J W) Co com
Casco Products new common
Cent
3%
-
4J/2%*
Eastern
—
Catalin
22% Aug
Feb
Eastern
—
&
3%
28%
22%
8%
41%
21 %
83%
*
•
1,300
30
common—
(A M)
Sep
22%
—10
4-V
4
164% May
——
Castle
24% Feb
Oct
10%
*
East Gas Js Fuel Assoc common— —.*
500
14
!5%
;44 ~3%
1—
Capital City Products
Co
Sep
16%
400
-1
•
——
Sulphur
251/2 Aug
6%
—
B
-
Ltd—
Ltd
Co-
Jan
5
15
—
——
Class
B
Chem'Co
Co
18
2,500
—
-
voting £•-
Canadian Industries Ltd—
7 % preferred
'
Canadian Marconi
Carnation
——* ' >
25'
;
Corp common
Duval Texas
17% July
13% July
Jan
20
800
..'.;V;4*':; ,v''*y**mmmm
.
Jan
5
13%
Sep
8% Sep
11%
17%
Test
23% Sep
17%
:
Power;Co_—
121/4 May
Oct
71/4 Sep
1,500
5%
5%
—
6% May
•
% Aug,
7%
200
:
•:
Oct
17% May
39% May
11%
Dunlop Rubber Co Ltd—
Am
dep rets ord reg
£1
Durham Hosiery class B common—"
Jun
7
3% Sep
common—
6% % preferred
Canadian Industrial Alcohol—
/
Class A voting
,i
Class
"7% "7%
—1
Insurance
Fire
Canada Bread Co Ltd..
Canada Cement Co Ltd
31/2
300
443%:
3
>;
~9%
-10
200
3%
3%
3%
—1
_
Corp—
Camden
3%
3%
Wireless—
7% Feb
,
16Va
—
Duro
Cable Electric Products common—. _50c
Voting trust certificates!
.50c
Cables
C
Duke
Harris
Aug
/ 37
3%
* u
1
com.—
Ltd
Draper Corp——
Driver
Sep
11%
-16V4
1
Coal
&
Sep
7%
j
.5
.—
1
Co
&
Jan
3
■
1,700
400
12
—£l-
-
Domestic Industries class A
Dominion
Biscuit
28
common
Dominion
Burry
27%
Corp -common
Dobeckmun
>23%
"2,300
8%
50c
j
Am dep. rets ord reg.*
Divco
153/a .Jan
26% Jun
4
Feb
12 >/4 Jan
19 % May
Sep
15 Va
July
30
Mar
Ltd
Buckeye Pipe Line
27%
;
3%
Jun
May
13% May
Sep
44 /
Ltd—
'Co
12
,
21
180
9%
1,100
*
Diana Stores Corp com
Distillers
11%'
——10
145
;
3%
3%
IIV2
Sep
Feb
10%
—
;
1
High
Low
1,700
—
1
Class B
14
"
5
Range Since January 1
Shares ;
12 V4
4—
9% 10
9s/a.
—1
—
for Week
High
11..;,
»
—
,-8
Co common—.
50
Brown Rubber Co
Bruce (EL) Co*
Mills
Jan
341/4
new
preferred
Silk
Detroit Mich Stove
May
4%
*
prior
Bruck
17
33
B
Derby Oil Co common—
Detroit Gasket & Mfg_
Detroit Gray Iron Foundry
31
•
'11;
100
-,V Sales
of Prices
:
i1";;;;-''- Low
common-^-—5
debenture
8%
7% J
10s
Sale Prioo
Par
High
; v.;
Last
-v
Dennison Mfg class,A
Class A preferred
Brown Forman Distillers
$5
,
4 -Week'a
Range
Friday
'
,
,
,
1
dep rets ord reg
British Columbia Power class A
Brown Fence & Wire
4
/ New York Curb Exchango
Range Since January 1
Shares
Low
Amer
Class
fer Week
•f Prlees
Sals Pries
.
Sales
Range
Last
New York Curb Exchange
OCTOBER
■STOCKS
Week's
Friday
STOCKS
ENDING
WEEK
FOR
RANGE
Monday, October 7, 1946
v :
'
31% '
9%
6%
7%
31%
33%-x
Jun
,
.Volume 164
Number 4531
iTHE COMMERCIAL & FINANCIAL! CHRONICLE
NEW YORK CURB EXCHANGE
BANGE
FOB
WEEK
ENDING
OCTOBER
STOCKS
PpP
Now York Curb Exchange
4
STOCKS
WhI'i
8»1m
B*n$® m for Week
rridsy
New York Curb Excheng#
-
Ltit
Bate PriM
-
of Prices
Lou
Share*
Bang* Since January 1
High
Low
High
Manati
Sugar optional Warrants——
Mangel Stores commoHi.^—
1
•
i
Mahlschewltz
(The B)
Co.*—
Mapes Consolidated Mfg Co—f
i
Mafconi Iftfernat Marino'
*
Communication
Co
Ltd——-£1
i
Marion
I
Mass Utilities Association
t
Massey Harris
Power
Shovel
1
McWilliams
t
Mead Johnson
.%
Memphis
'
I
Gas
47
Apr
24
Mar
X
mXMtiUeUm -»—
87% Apr
common-**!.—5
8%
**
1
8%
Apr
Merritt
»«—-*
26%
Jan
Mfg Co**—
Chapman & Scott
Warrants
-*•—U3W
A *• im Am
6y2% A preferred-—-—
;
Messabi
.
—
—
i.
Metal
Iron
•»«.«••*
mm — —
12%
..... mm
—100
Co_—.
112
-—*.-15
Michigan Steel Tube
**t*
Michigan Sugar Co———
I
Preferred
'
-1'
9%
14% May
*.*—10
24%
1
r>A
* -f.
Middle States Petroleum class A v t c*l
J'*'' Class B v t C— «CU
-X—
«•1
<
—
West
Corp
20% Apr
6
«...
i
Midland Oil Corp $2 conv preferred—*
-1•' $1 conv pfd new*_*——u»j,i.—
Midland
'H
•
$2
Steel
5% »cohv
2-
preferred,.---!-——
Dividend arrear.ctfs
Zinc Co——
Illinois
»
,$60
#QQ44*:453% Sep
—50
,800
300-
»
Imperial Chemical Industries— ':J.
«Am dep rets
regis-——£1
;
Imperial Oil (Can) coupon—
Registered
If:
of
Imperial Tobacco of Great Britain &
100
•'
«•
;
Cigar
Metal
-36^.
.
>109% Jun
Industries
A-.
4|
Sept-
■:
i:
L
5%
Monogram
«—*50c
50
:—-
pfd
100
common*—.^-*
Corp
20% Feb
Pictures
1004
20% Bep
500
43
*
—
-
.
•' "33% Jan
sep y
Apr
15%-Jun.
lb
Jun
28 :. Sep
', 3iy« May
i
1
|
3
44
shs—*
:*
Utilities
City Copper
18 Vi JUtt
210 y* jun
Safety Razor B
*
International Utilities common—*—5
Power
Jun
10%
Jan
6%
10
Mountain States Tel & Tel
■
*
common*,
.
——100
Murray Ohio Mfg Co
*
I? Muskegon Piston Ring—
10
23% Feb
54 y*
Feb
10 y2
Jan
common——5c
Moiintain Producers—MountaW States Power
*
Muskogee Co
?
32 y3
Apr
160 y2 Apr
Jun
36
—2 %
f
Feb
6
,
■'P
Products
$7 preferred
Royalty-*-—
Mountain
Jatt
10%
common——.—1
Society A
44 Montgomery Ward A——
*
Montreal Light Heat & Power
•
J Moody Investors partie pfd_—
"\ 'i Morris Plan Corp at America——_10o
International
Interstate
&
Montana Dakota
*
<3 Investors
P
Monroe Loan
——*
coupon
shares
>; International
P*
Minnesota
^Molybdenum
l23'i«''''Jun
<v''-113'4- Jan
———
Registered
i
Sep
>:^A.-^-f85'.-.'Sep
Machine——!—♦
International Petroleum
,
i
24% Jaw
:•
1
Warrants
f Miller Wohl Co common—.
4*4»"4%% • conv preferred
,1 Mining Corp of Canada—*
112% Aug
International Minerals and Chemicals—
:
ia%
•:' 4i
i. 550
•V82
Preferred $3.50 series—
——-_50
International Investing
Corp—*.*41
i International
;
;
—50
*—
*
6% Sep
7% May
11 Va Sep' -vV-; Asy® Jan
11% Sep >15% Jan
'107% Sep
International Hydro-Electric—
f
—*
***
Abrasive——
i
—
International
t
I
^ '
Co common-
Mid-West
Oct
9 Va
shares———*
Missouri Public Service
—II-———_100:
„*
,
: 23
Apr
'Sep;' -, v.*'38 y Jufy
42% Aaa
3dcr
>330
'
Insurance Co of North America^-—10
.
dividend
Midwest Oil Co——
—10
-V ' . V,:' >4-m. 4444 44
Midwest Piping & Supply com****
■'
f Mid-West Refineries
1
■-Bi': ■ Apt
-
£1.
pfd-*I_i00
preferred———100
Indiana Service 6%
7%
preferred—
;
—-
...
--
Canada—I-——5
;r|v' Ireland
1_«
Indianapolis Pow & Lt 4%
■ ■
July
—
--
,600
—_*i—*
o
Imperial Tobacco
'
5
~
:
16% Sep
24
>;
1.
Apr
•
20
Products^-
non-cum
Midvale
Illinois Power
\
Aug
31% May
.***—5
common
Apr
..
1
Middle
Jan
5V2 Jan
——
v"..'
Feb
17%
fj.^-2.50
Micromatic Hone Corp
i
Jan
14% May
62
Mar
25c
i Michigan Bumper Corp--,#.—--------1 v
|
May
11 Va
——-1
Textile
Corp
Participating
preferred
|
;
Apr
Menasco
-1
;
Jan
*
Co**—
Natural
Apr
22%
*
Dredging
&
Jan
18%
*
Corp common
$2.50 preferred
i
Jan
4%
>
*
common
McCord
.1'
<5 Mi Mar
19 %
-*
t c
v
21% May
Nachman Corp——.———»__—*—•
National Bellas Hess common
1
,
common
Jan
17
;——*
*
1
—
Iron Fireman
Mfg voting trust ctfs__*'
Irving'.. Air. Chute-u-—w—^.-1
Italian Superpower A
**•
|
National Breweries
*
common
7 c,'o
preferred
25
National Fuel Gas—»-**—*————*
Jeannette
Julian
Glass
&
I National Malllnson Fabrics
Co common.
National Mfg &
i
Kokenge
Co
National
f National
!
Steel
National
National
Car
Kansas Gas
Corp
17 ys
& Elec
7%
Kawneer Co*———
33
M
Key
Co common
*-*—
;) Kidde (Walter) & Go*
:
4 '/a %
■.
15%
5%
preferred
preferred
I
Jan
Jan
;
t
•
(
Kirby
'
t
1.
Oct
J1
Sep
New Englar.d
6%
i
Jersey
f
N Y
N Y
Line
Lit
Loblaw
Class
Locke
1
4
...t
preferred-
1
I
-
'
:
■
'
.
250
12% Sep
105%. Se<)
60
■{ Sep
I:
,****100
825
8% Jan
112 V* Sep
*_100
260
100
optional warrants—;**—.—
Niagara Share Corp class B com
5
4,000
5 %
common
1st preferred.—,
2d preferred
ClaSs
1
B
—*
**
Nineteen Hundred Corp B——*—■ *—1
Nipissing
Mines—
—11*5
class
Electric
Noma
1
(1,400
2,300
5,80Q
I,,:
—I.
2,6001
.,.-13
i
Sep
Sep
8% Sep
12% Sep
13% Sep
2
Sep
15
May
123%
Feb
120
Apr
3%
Feb
13% May
26%
Feb
20%
Apr
5%
Feb
A
.<*—_
North American
Class
B
35
164
*
Rayon class A
63
*
common
Jan
12% Mar
*
$6 preferred
Chain
Apr
May
62% May
*—
Logansport Distilling Co—
Gas Corp common
Long Island Lighting Co—
Common ctfs of dep
1% preferred A ctfs of .dep**—
preferred
'
60
$5.10 pfd.100
—»*_100
pfd
North Amer Light & Power common—1
North
Lone Star
Land
&
of dep
Exploration—I*
Louisiana
Power
&
Light $6 pfd
Northeast
-
-
see
page
1749,
VI
1
76
—
;
—
1
11%
•
.2
——*—
footnotes
American
15%
'
^
1%
76
71
72%
11%
12 Va
112% 112%
15 y8
16
13,000
250
550
North
Texas
RR
Co
Northern
Natural
Northern States
1,300
Novadel-Agene
Northrop
Gas
Power
Aircraft
-
Jun
2iy8
--50
Northern Indiana Pub Serv 5%
3,800
10*
Feb
11 y2
—1
Oil
Airlines—
Penn
12%
:—5
Utility Securities——*
Northern Central
ctfs
B
Louisiana
For
10
shares.*
*—
Inc 6%
——*—*—-—I—-
Lynch Corp
Founders
Niles-Bement-Pond
4
——
common-*-
B
10
Merchandise,
Shipbuilding Corp—
..
Co*—
Groceterias
Steel
——
Rosario
N Y Water Service 6%
l***
—
—*
common
N Y State Electric & Gas
I
Development
G) Inc*'
(R
(Thas J)
Brothers
Co
Honduras
&
% 5%
common*!
^.**—1
common
I: Niagara Hudson Power
Corp...
Lipton
Auction
Y
4:
Vl
'f;
—1
Mining Co—.
4"
A.
"r •• v
1 p.,
I
preferred
Oil
'
t
***-.
common
Material
Lionel
N
?4
*
Tourneau
*
20
City Omnibus warrants
Y
N Y
:
Prior
N
Monotype Machine
Leonard
Park
New Process Co
Ltd
Langerdorf United Bakeries class
Le
100
common_-i-.*—**—*
Zinc—
**—25
Newmont-O'okiep—
r
New
Co
Foundry & Machine
Lamson Corp of Delaware
Lefeourt Realty
•"
.-"1 v:
;f -
f New Mexico & Arizona Land
Lakey
Lanston
im
tm — — mm mm
—
Idea Inc
New
'p:
B
*—*100
*
preferred*-—
conv
New
!
Class
preferred
-...
4.
Wells Co
«
:
—
I
Lane
V v.*»
„/
preferred———————)*—-*
4J/a%
common**
Mines
'
& Tel
New Haven Clock & Watch Co—*
I
.
Shore
v
Power Associates
New England Tel
;■ Kobacker Stores new common.
Lake
Feb
Feb
Sep
12
:s
M Co Ltd—
<D Emil) Co common**
Kleinert (I B) Rubber Co*—.
Brewing
Jan
108% Jan
10%
$2
Klrkland Lake G
Krueger
4%
14
*
Klein
Corp
15 Va
1
common
5
r
Petroleum.——*—*—
:1 Knott
Mines
Radio—i—i*_—Ii**3 Oo
5
D
Products——!
x26% May
Nelson
•|
pfd B
Sep
——*
Ltd
(Herman) Corp
Neptune Meter common
"I
—
May
.
23% Mar
Nesle Le Mur Co class A
?f>''m'
t.
'•
\'[ King Seeley Corp**——i
I> Kingston
38
37%
*
*
■1-.
Kings Co Lighting 7%
.'
Feb
29%
——
Kimberly-Clark Corp—
<
Jun
9%
22 y2 July
1
com—2
Nebraska Power 7 % preferred———100
Aug
32%
Kennedy's Inc
Ken-Rad Tube & Lamp A
r
Jun
&
Union
Jun
124 y2
pfd—
new
Transit—**———12.50
National Tunnel
(• Kaiser-Frazer
———1
common
Cooker
Rubber Machinery
.•National
I
Stores
Pressure
Inc
pfd.100
—!—20
class A,
—25
1
Corp.—*****—*——.*•
Jan
108 V* July
'
Apr
59%
Jun
111
73% May
15% Apr
40
Apr
EXCHANGE
NEW YORK CURB
•
WEEK ENDING
FOR
RANGE
;
v ' * ■'
OCTOBER 4
~
»"v
STOCKS
STOCKS
'
Friday
*
Curb Exchange
New York
.v
«•.: Last
Bale Price
-
Week's
Range
of Prices
Low
High'
Salet^
.
'•>
\7..
for Week
Shares
New
1
Range Slnoe January
common
Brass
Ohio
Power
Oklahoma
Old
Co
class
4%%
V: 'i^.i?>•: 5*'r£
■
Steel
Scullin
Natural Gas
Polndexter
Omar
common.
01/
6%
Overseas
J*n
6
Inc
?
«.
Jan
2
5
$5 5Q
v-
Allotment
y
Serrick
-
■
Corp
Can
Co
Pacific Gas
& Elec
6%
Pacific
Pacific Power &
Public
Pacific
Jun
:6Va July
Sep
38
19%
Sep■
38 3A
1st pfd
1st preferred
Lighting $5 preferred
5%%
„
11
common
Sep
11%
Light 1% pfd——-
)9
American
Pan
4%
Paramount
Parker
Motors
Corp
Jan
20
Feb
i—
Sep
24
84
$1
y
July
yi
:
Pennroad
Gas
Penn
Cement
& Elec
Penn Power
&
class A
Water
Power
&
Circle
Solar Aircraft Co__
Solar
Jan
,
Pharis
;
&
Rubber
Pierce
Sep;
V
Feb
;;
Governor
Pinchin
Pioneer
Gold
common
Johnson
Ltd
14%
Oct: 4
Mines
—
Ltd
;
•
•
v
'
•
>
2% Sep ;;f
r
"n* 'v
'
'.*,•*•'
Sep
Pitts Bess
44
E
RR
—
59
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pleasant
Valley
Pneumatic
Polaris
,
Wine
Scale
;•
Mining Co
Powdrell & Alexander
Power
6%
•:
r-
Premier
Gold
Prentice-Hall
Pressed
Metals
Producers
—
Gas
>■
r"
•;i''
■
-
of
Pyle-National
xl0%
112
106% Jan
1st
Pyrene
Co
May
Jun
111%
Feb
122
103%
Sep
113% May
8ep
Apr
Feb
20% May
S1
18
common
27
23
Sep
11% Sep
Manufacturing
'
;'
•
/ >
">
90% Sep
common.
preferred
166
Quebec Power Co_
Sunbeam Corp
-
Sep
114
& Light
189
Concrete
Bit
Pile
common
Co
Electric
—
&
Engineering
Rice Stix Dry Goods
Richfield
Oil
,
Corp
—.
1
.10
•
*
5
...
>•'
vtc
pfd F
Am dep rets for ord regCable Corp common
Roosevelt Field Inc
100
5
Corp
Ave
Ryan
Aeronautical
Ryan
Consolidated
Texon
Textron
(
Thcw
Inc
v-Tllo
Co
$2
10
*
new
Shovel
Co common
Co
Schulte
Scovill
For
i.
■'
_1
10%
.10
29%
29%
—
3
u-
3
-1
-1
-1
4%
—
•
1,100
1,600
17,400
3%
-3%
^8% 100%
10% 11%
1,200
-300
•'
50
30%
3%
-
v
21
11%
'
8,400
20
2,000
4
' 4%
1,400
7
7%
400
Amer
dep rets ord
Amer
dep rets def reg.
>
i
Todd
Ltd
Sep
116%
Sep
7%
Sep
13%
Oct
—
Edison
Toledo
7%
6%
Realization
warrants
United
Amer
—
preferred-
Molasses Co Ltd—
dep
page
1749,
Sep
5%
Jan
6%
Light & Railways—
rets ord regis1—
—
Profit Sharing—i._—
10% preferred—1
Manufacturing
see
United
9%
20
Corp warrants
Elastic Corp-
United NJ RR & Canal
common—
4%
Sep
.34
Aug
Feb
Feb
Feb
May
*
Corp
participating
Sep
2%
Union Gas of
$3
117
1%
Udylite Corp
Ulen
May
412% May
.
4%
Nevada
I v Trunz Inc
f. Tung-Sol Lamp Works
7
80c convertible preferred
United
common
Sep
Trans Lux Corp——
Tri-Continental
165
Oct
107% July
112%
preferred
Tonopah Mining of
'■I.
preferred—
United Milk Products
pref__
Corp
footnotes
Sep
15 %
Shipyards Corp—
Canada
Union Investment Co—T
Union Stock Yards of Omaha.
United Aircraft Products
United Chemicals common—:
*
comr»on
Inc
Sep
29 V*
regis.
(>>
I
Unexcelled Chemical Corp—...
1
common--
(D A)
—
21
10%
.
—.
1.25
Petroleum—
Savoy Oil Co
Schiff
«
Construction.
| Tobacco & Allied Stocks
| Tobacco Products Exports
i Tobacco Security Trust Co Ltd—
1
com
common
Corp
conv
Paper
United
.20
—
Salt Dome Oil Co
Samson
i.1
1,200
2,300
22
31% 32%
4.%; - 4%
——.
United Gas Corp common
A
32%
Roofing Inc
United
Regis
20
10
8%
Tishman Realty &
f
United
Lawrence
il : >
1,700
100
7%
2
6%
—1
Co
Ryerson & Haynes
Class
1%
19%
common
5
;
Co
Royalite Oil Co Ltd
St.
Sep
Oil Corp
Oil & Land
{
>
£1
Rotary Electric Steel Co
St.
18%
13V« Feb
19% May
—
Rorison Art Metal Works new common-
Fifth
8%
—
98%
•
Rome
Russeks
6%
m
78
.J*
( Texas Power & Light 1% pfd—.
1
Royce Ltd—
Petroleum
6%
_•
-•
._1
Tampa Electric Co common—l.
Technicolor Inc common—
1
Co—
Rochester Gas & Elec 4%
Roeser & Pendleton Inc
Root
Jun
s
i
Rolls
-*
Feb
31% Jen
165
•
98
warrants
Grande Valley Gas
(Texas Corp)
32%
—*
Richmond Radiator
Rio
>Feb
51
•>
10
$3 convertible preferred
*
Raytheon Manufacturing common—50c
Roller
May
Apr
'•
Securities
Voting common
Railway & Utility Investment A
Rath Packing Co common
•
Reed
13% Jun
V
Jun
vvlft>4->jan\ijy'v>--.30 ; May
Radio-Keith-Orpheum option warrants-
Reliance
' Sep
16
Sun Ray Drug Co
Superior Portland Cement, Inc..
Superior Tool & Die Co
1
"
-
>
Raymond
12% July
>">
•,
,
,
Taggart
Railway
650
;
*
—
Swan Finch
6%
17%
Sterling Brewers Inc
'
Oats
i-
Sterling Engine Co————--~
1 Sterling Inc
> '■ Stetson (J B) Co common
—
> Stinnes (Hugo) Corp
•
Stop & Shop Inc
Stroock (S) & Co common
;;;„'.•; ', v.* i
.
Quaker
16%
Colorado—
preferred
7%' 1st preferred
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber—
6%
".''preferred
.
I
Public Service
16%
>25% Jan
2E
i Standard Products Co—^4——
: Standard Tube class B
Starrett (The) Corp
—
;
Steel Co of Canada
Stein (A) & Co common
—
Sterling Aluminum Products——
-
May '
20% Jan
3
Feb
18"% Apr 10% Jan -
13% Mar
8% Sep
—
,
1
ii>
10
*
<
';
95
Sep
Sep
—
-*V
•>>£;:• •••' ■
Standard Oil (Ky)
-»■ ?> Standard Power & Light
Common class B—
>>>-»
Apr
3V4 Feb
Sep
-
1%
■
$
r
9% Sep
America
of Nevada
Feb
Feb
May
Jan
60 '
lfi; Sep
73
common
;;
Jan
Sep-H'• > 28% May ,:vr
Sep
15% May J
July
108 4 Aug -
35% Sep
-
108
550
110
>
—
10% Jan
20% Sep
19% Jun
16914 Apr
>, 115% Aug
31% May
,
iw;
.
:
<
Jan
-
Sep
Sep
4% Sep
1
Spencer Shoe Corp——
Stahl-Meyer Inc—
———.
Standard Brewing Co—
——
Standard Cap & Seal common..^
r, s
Convertible preferred:—;
j Standard Dredging Corp common.
$1.60 convertible preferred
>
Standard Forgings Corp
;
•> 10%
Sep 7
?
:•}'
78%
>15%
-' •10
•
27%
I'v
Prosperity Co class B
Providence
>
-
47
■
V
of
Corp
5%
100
Mining
Inc
Sep
10
common—
Lambert Co
&
5%
16
common
Corp of Canada
1st preferred
I 'r
* '*■
Pratt
>
—
Sep
Sep
15%
common-
CO—
common—:
Sep
,
8%
.
Sep
10
115
1 Southland Royalty Co-;—
,>v
•
15% Feb
14% Jan
Mar
L
&
;- i-;
6?• Mar
*
10
f
>>:i,
•
6% Sep
>19
200
6%
■> i>
;
; y
3014 Jan i'*}
•
Piper Aircraft Corp com———
Pitney-Bowes Inc.,
400
preferrd B__
:
.21
5%% preferred series C^
—25
Southern New England Telephone—100
Southern Phosphate Co</v
Southern Pipe Line—
i
|
•
>>> >—
•W--
shs
Am
2,100
20%
12.50
Southern California Edison—
5% original preferred
37% May
? 9%
—
4%
t> 20%
—
514 Jan
12% Jun
16% Jan
-11% Sep
1
Manufacturing common
Southwest Pa Pipe Line
?
11
,.
100
414
,
11%
n% Feb
Sep
11% 12
126% 132
111
112%
20%
35% Peb
104% May
111% May
29
Jan
1% Sep
8
11%
11%
4%
-
Sep
Sep
Sep
Sep
4% Sep
800J
—
—
Jan
July
IVn Feb
—1
—1
South Coast Corp common
Apr
.->»
15%
Philadelphia Co common
Phillips Packing Co
-
—
Manufacturing Co
South Penn Oil common
Sep
20% Jan
corn-
new
Sep
9
■
Tire
Boss
.
J
Aug
63%
.7
■
86% Jan
51 %
.-v. -
.
600
y
V
2
2% Sen
14 ^
83
851/3
..fl3%
7
.30
24% Sep /
'
Jun
.
.
A5n°
1,200
9 % Jan
3014 May
,
1
Sonotone Corp
Jan
Co
'
3,900
200
•
3'/4 Sep
•
Paper Mills
Smith (Howard)
j
12% May
Co
'V 17/8
■
4% Sep
211/1 Pe» >
100
preferred
5
9
pfd
Pepperell Mfg Co__
Perfect
*
.17"
com——
Light 4%%
Penn Traffic -Co—
Penn
y,
Sep
21%
warrants
:
"
-f-:
,
£1
dep rets ord regis
Amer
Jan
9
Corp common—
Penn-Dixie
May
31
—
-•
514
2
f3. 83
S2 ?2,/
\u Jcw
514
5%
.-r
4,400
Y-
.
Sioux City Gas & Elec Co—
3.90%
56
preferred
cum
—
tnn
:
May
22
>,
'»»
Peninsular Telephone common
~lu
100
—•
*
*
500
c
5,100
,
High.
>12% Sep
1
100
j Singer Manufacturing Co Ltd— V,', ■ r '
V
Jan
Jan
3
59% Aug
16 %
39%
Parkersburg Rig & Reel
Patchogue Plymouth Mills
-
-
Canada
Simmons-Boardman Publications—
$3 convertible preferred
Simplicity Pattern common
Singer Manufacturing Co
Jan
13 V* Mar
Sep
July
61%
Co
Pen
14
Sep
8%
common
Silex Co common
.
.13
Power
Ltd
Breweries
Sick's
:r u
.&$*■>
•
Pantepec Oil of Venezuela Am shs
&
4%
preferred
Sherwin-Williams of
>■
.
31% jun
V > :
>warrants—
Airways
r, Sherwin-Williams
Apr.
i.6% May
28% July
„f
■
,
;
Feb
.7%
11% Jan
26% Jan
Service—
$1.30 1st preferred
Page-Hersey Tubes common
>■.>.•:.• 0 .•>
Shawinigan Water
Sheller Mfg Co,.
May
102% July
111%
Sep
i
.
,
Jo1/4 IV'/s
'•
.v-
5
*
1
25
Shattuck Denn Mining
Pacific
85
•
Seton Leather common-.
y \
J?1/4
^
1
1
class B_
»500.'
>
.
3 V;j 3%
.
1
1
Control
Safety
..
\v
"r
certificates
Sentry
Range Since Jannary 1
Low
14
"k'v'„
3 /i:.
3
3%
25
y
"■/.
Semler (R B) Inc
'r"+"•' Sentinel Radio Corp common
Securities
3%
; <
1
stock
prlQr stock
Convertible
Apr
•
Shares
_)?,,
.
3%
•
Selby Shoe Co
Selected Industries Inc common
**
8V4 May
B_.
■Sis/
*
]
for Week
.13%
"
General—1
Bros Inc
Sales
Range
Zow
*
common
Week's
of Prices
1
1
?i/ ^an
Distillery—.:
Oliver United Filters
_
'} Segal Lock & Hardware
■
common.
preferred
Co
Securities Corp
,
1% Jun
B
h:'A:yp':r. v:v';:V':"ytV:
-i
ys;m
High
Seeman
Ohio
^
^,Last
Sale
'
/
«
Corp
Friday .•4
.4*
York Curb Exchange
Price
.
Ogden
Monday, October J,. 1946
FINANCIAL CHRONICLE
COMMERCIAL &
—
107/s
Sep
14% Jan
Sep
•
17%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
'*
t
Week's
»Friday
New York Curb Exchange r ' " ""
Last
»;•••'-
; <■,* >•■
STOCKS'
•
.
—jr-r*
Par*.
Shoe
Machinery common„__25
•V Preferred
United
i.
tV
Range Since January 1
:
V Low
743/s
1,850
48%
320
46
13
300"
12
Sep
69%
New
U S Foil
class B
Co
1
,,
Graphite common
U
and
8
<
$5
1st
U S
5
International Securities
preferred
Radiator
U S Rubber
18'/a
>.— s-'-v
•
•
3,000
500
314
v
16%
84%
3Va
-3%
l33/4
Interstate
49 % July
24% Apr
4%
4%
4% 7'1: I
3%
3%
Power
5s
Sep
30'/3
Feb
1952
Kansas
■
Superpower 6s
50c
Stores common.
Universal
Oil
Jan
Kansas
Sep
Feb
Aug
20% May
700
4%
Feb
8% May
3
Sep
2%
Utah-Idaho
2,300
Sep;
Co
7%
100
5
r
Gas Electric 6s__——
-i •■■»
.
28
Sep
Feb
900
"4,400
4%
Sep
20 y4
20%
21%
3,100
19%
Sep
25'/a
Nebraska
34% Aug
7'/a Jan
Sep
.
6s
,
V
Venezuela Syndicate
Inc!.——I
"7%;.
6%
:
5,800
8%
<;i 5%
Light 4V2s
4%s__.
2%
11%
N
Sep
200
Sep
deb
5s
Waitt
Bond class A
&
13
2,600
36%
37
300
•
—
Class B
'
-•
.
5% >■'6
.
>
Waltham
•
Ward
Watch
Co.
—1
Baking Co warrants—'
10%
Warner Aircraft Corp
2
~
1
Wentworth Manufacturing
_1.25
West Texas Utilities $6 preferred
„•
.6%.
.
2%
23/4
8%"
,
9>/4
5,100
..
.
'.V-
800
m
-
2%
Y &
.
Westmoreland Coal
,
35
10
20
—
Weyenberg Shoe Mfg.
'
Williams
(R
C)
&
353/4
100
400
.; /■
.1
35
363/4
14%
143/8
300
..
300
Willson Products
Wilson
5%
Inc
Brothers
1
l,
Elec
Vt
,*
Gas
&
Portland
•
3%s
Cement
10
'J Wtoodall Industries Inc
Woodley
>,
(F W)
a
..
'.,•
ji''
6%
.
'
...
Jun
inc
California
Gas
j-d
33
$104.,
j-d
Jun
Jun
%::,/
13
1,700
109
20
6%
200
.
9%
11
11
100
20 v:
10
May
112
Jun
<17%
Sep
July
5;,
Apr
ll7/a
Sep
15
16
A7-4s
Jan
Toledo
Apr
•17% Mar
:P;': !■■■: Feb
"3%
•
7
—1952
6%
Feb
Oct
:
106% 106%
105 7/a 105 7/a
M-S
•124
A-O
106
Exchange
Interest
Last
.1961
.1970 %
Electric
T deb
.2024
.1953
4%s
5%s A
3-D
High
•
Bonds
BangeSlne«
Sold
105% 106%
99%
M-S
—
.1964
1st
M
series
5s
series C
5s
B
M-S
V
i
F+A
-
$108
106
$105% 105%
54
M-A
99
A-O
-
$94
1
:■
107
78
i --
••;
;•
1946
—
A-O
34%
35 7
J-J
107 y4 107%
/:.. 5
1949
;
3VjsS
35
J-D
107% 1073/4
;'f>' 7" v.' 106% 110 v
13
48
{j
iu\5.
?
33%
303/4
48
7:
105 ¥2
107V2
/
:} *' A-O
1959
/106% <106% 106%
•rr>
<\
fpifr'.'. "
*
T
'
;
1033/4
v
<-■»
$111% 112%
—
MrN
105
111% 111%
14
—^,1954
% MS
65
66
-//'-j'
39
J-D
$108%
A-O
$107
——I960
J-D
58%
^
•
„
;/■
^
v c/'; :
-■
109
126
!
;
F-A
1959
/;
__
110
110%
108
$114
5s
,
91%
107 %
122
1964k
Traction
'-'f
111% 116
Y;> i-i
2030
Penn
109%
'
111%
,
inoome debs
*100'/a
104
.1003% 106%
^
•;
•.
...
-
v
.
105%
$104
iS©
.
r'i:
■
■i'ftc.xy ..... ~i ;
108
110%
115%
103
—
1948
71
1954
—
(73
Cities Service 5s
73%
53%
—Jan 1966
1
18
76
75
.
60%
105% 106
•
Foreign Governments & Municipalities
120
108%
Oonv deb 5s
1950
102% 103%
'BONDS,
104
105%
45
106% 107%
33
Debenture 5s
1969
:
Consol Gas El Lt & Pwr
1st
ref
mtge 3s
ser
(Bait)—
P
1969
1st ref mtge 2%s ser Q
1st ref 2%s series R
Consolidated Gas (Bait City)
Gen
mtge 4%s
—1976
1981
J-D
J-J
v
7
■
1954
A-O
$115
,
.
%
-y
'
*.
*. *
•*
;
.■'
mtge 4s ser A
1st
mtge 4s
ser
109%
110
105
1083%
104%
106 %
Danish 5%s
118, :126
/'"■(
1993
M-S
59%
61
27
%
57
M-S
24%
26
19
„•
24
81%
49%
a
Extended
Finland Residential
1965
J-J
1958
?
M-S
107%
107% 107%
5
105
130
1961
.
78%
.#•<«
*•
7/ 78
•,
92
;'
•
' v:-.t;'
J-D
1950
J-J
1963
J-D
1958
J-J
Mountain
Power
3%s
Guantanamo Si Western 6s—
^
:
104%
<
series
n
Indiana
1st
Jan 1949
B
Service
lien
&
ref
Jan 1949
—
.
A6%s
(Dec 1
series
A-O
F-A
1963
1970
•
T
M-N
•
...,,$62%
60%
'
1
70
109%
105»/4
—
:
—
1941
coup)
E
(Aug 1941 ,coupon),—
A7s series F—-—
^
A7s (July 1941 coupon)
$106
75
—
102% 102%
.$1041%
; 106
106
5
,
»'.*'•
'
.
May
2008
1955
1957
33%
1957
33
29%
33%
34%
2
34%
19
3D
'34
33%
31
'
34
34%
33
7 »No
g
:;k:
$-
96
89
37
27
$—
21%
—
—
,
k
31%
99%
7 97%
1927)
/
32
..
20%
23%
''A'-
•»
M-N
—
$32
7;
35
52
:
,
52
,
M-N
1947
1947
stamped
A-O
;•
J-D
i
v:
:
.
,
80%
$20%
:
90
45
27%
99%
37%
99
<••
63
20%
*—.
82
80%
$52
■—
-
98%
J-D
41
-
$39
M-S
2008
'[■kk
2012
44
J-J
1919
J-D
J-J
1921
par
valuer
Ex-stock dividend:
"4% "4%
4'%
4ya
7
4%
14%
14
47/8
a
n
Deferred
delivery
59%
32
-29:
65
„
65 i
d Ex-interest,
sale,
Under-the-rule sale.- r Cash sale,
no
x
e
Odd-lot
Ex-dividend,
y
sale,
f Ex-distribution,
Ex-rights.
,;
7,
/
•
sales being transacted during current week.
ABonds being traded flat.
65
28%
i
92%
104
29
34
1952
1952
40
v
i. J-DM-t?..
1951
..
$Friday's bid and asked prices;
$32
26%
99
77
106%
105%
105% 1083/4
1
27
$97
$-
—
;'J'v-.Ui'v' -vV-V-
'.'v.
-
Rio de Janeiro stamped (Plan A)
Interest reduced to 2%
ARussian Government 6V2S
104
—
85
27
it
'
83%
;
110
102%
v
105%
105
'wmm'
80
■
62%
104 %
104%
70%
m*—
—
$105%
—
102%
K
1955
A7S
1
(Plan A)
Interest reduced to 2%s
•
A6%s series C
,
A5yas
—
J-J
5s
8 International Power Sec—
A 7s
A-O
5s————1950
Indianapolis P & L 3%s
"
1972
"
Bfyrade Food 6s ser A
.
(issue of
Parana
'
••
$105%
—
;!
$62
104% 104%
High
78%
$78
.
M-N
v/V f-a
Range Since
January 1
.
J-D
1931
'
1948
4s
-
A7s (issue of Oct. 1927)
Mortgage Bank of Chile 6s
A
'
AGeneral Rayon Co 6s ser A
Grand Trunk West
Sold
Low
—
,
,
1953
Bonds
;
$78
J-J
;
Range
Friday's
High
A-O
stamped
1952 7::J-J,...
(Peru) 6%s stamped 1958 :i:' M-S
AMedellln 7s stamped
Mortgage Bank of Bogota—
107%
125%
--
or
Bid A Asked
6V2S
Mortgage Bank of Denmark 5s
$126 -J
Mtge Bank—
stamped
Green
5s
ALima City
A7s
Eastern Gas & Fuel 3%s
Elmira Water Lt & RR 5s
Low
1955
:
Mararihao stamped (Plan A)
Interest reduced to 2V8S
—1993
B
Sale Price
Danzig Port & Waterways—
■1....
Lackawanna of N J Division—
1st
105
.
Delaware Lack Si Western RR—
Last
Period
•
—
AExternal
—
I
•
Week's
v
Interest
*
_
Agricultural Mortgage Bank (Col)—
;
A20-year 7s
April 1946
v A 20-year
7s
Jan 1947
Bogota (see Mortgage Bank,of) '
ACauca Valley 7s
—,1948
1043/4
107 %
7 106
*-■
„
104% 104%
';7Friday
Exchange
•
Par
101 %
—
$106%
73
New York Curb
/
107%
104
-
■k-.k;:
$108%
112
104 3^
35
1958
110%
50
6
Debenture 5s
67
67
228
i
»•{
,
7 V
1
'•'"'k'k- 'i-'i J'i%
.-i
7
•Olll--: 115r'7
__
;
.
106 J/a
106
16
7
r,
r 103%
106% f;
*r% L v.V.. "••-'.'/•• •.^••■i
5
■>,
^
'
s:' F-A
——1952
&
Light Co—
'
Debenture 6s-series. A.-^——l—2022^-
.^
:'.,V
;v
104 5/s
105
r
-
r.
106%
'
34%
.
j
108%;
V < 00
J-J
Light - A Railways^f Maine-i-i
Power
•
A5%s
-
""
i
\
107%
108
23
111%
124
993/4
119%
$110'/a
—
.1970
107
106
$117
—
.1962
8 A Chicago Rys 5s ctfs (part paid)_1927
.
•7 104
> I
'V
104%
7 120
__
104'A 104'/4
.
106%
.1960
8 A Central States Electric 5s
.
105
......
$104-
High
109%
121
•
.
101%
~
99% 100%
—
.1957
—ill
Boston Edison 2%s
5s
.717:'
108 %
109
Telephone of Canada—i
Bickford's Inc 6%s
'
101%. H
-a
J-J
■}
7>
126
98
105%
January
10914 110
$116
—
j-j
124
1
31
•
Low U3.
.,
$1007/a
„
A-O
>
~
J-J
.1955
,
Atlantic City Electric 8%3,,..
Bell
Low
.
■
Week's Range
* or Friday's
Bid A Asked
Sale Price
Par
&
98 3/a
1063A
106
■■
■•">
Friday
Period
Assoc T
4
•
,
106
107%
108%
1968
2nd stamped
Edison
Western Newspaper Union— )
6s conv s f debentures^
Associated
105%
104%
10/
124
98%
•
M-S
1970
—
6s series A
West
-
;
""
A-O
-
—
United Light & Power Co—
1st lien & cons 5V2s
Feb
"7 2%
13,200;
A 5s
Elec Power 3%s.
Power deb 6s
104
170
West Penn Electric 5s
Amer Writing Paper 6s,.
101%
103
170
.
Wash Water Power 3%S»l———
Appalachian
Appalachian
107
107%
J-D'
>'
WaldOrf-Astoria Hotel—
Carta
104 V
105%
~
w
*'•••
91
108
109
:
■■■<:
(A G) 5s
1989
Corp inc~5s_
1950
Stimes (Hugo) Corp—
- ;
A7-4s 3d stamped:
——1946
Stlnnes- (Hugo) Industries—
:
Utah
York
81
105%
106%
106 '
A-O"
3s—,1965
A Starrett
106%
j
.1951
Spalding
31
•v14 United-
►New
109%
102%
105
103
>
M-N
47
109%
Apr
15
f8'/a
•;
<
Jan
Sep
Sep
9% Sep
108% Sep
V2-6% Sep
107 y»
103%
105
"? 106
v
(Calif)'-*
Jstvintge 3s-i:—Li—i—197$
Southwestern Gas & Elec 3y«s...,1970
8
/
BONDS
10%
•
I
3%s
105%
101%
107% 107%
1081/4 108%
M-S
Southern Counties Gas
19
£1
i
,
j-d
———1979
Edison
105
106%
102% 102%
'.$84: '• 91
j-j
-
—1949
mtge 3s
California
Southern
,
Jan
38
I jj
;,
Water 4%s
Steel
18
5s
Wright Hargreaves Ltd
v;
Scullin
Southern
Jan
29
'
1
'
108%
100%
108
105
•
j-j
1964
i
105 %
101%
102%
108
F-A
1959
San Joaquin Lt & Pwr 6s B
:
Feb
:55
A-O
l.11955 '
4s_
101%
10%
—
———1971
B
97%
102
A-O
.
Safe Harbor
24tJun
•,
4%s
993/4
-
.—1968
Light 5s.
101%
1013/a
103
102
$107%
102%
j-j
'./>V
'
1,
United Electric N J 4s
deposit receipts
preference
j-j m
1013/4
97
101
7
Af-N
;
97
99
106% 1063/a
103
5%s,,series A^——-m-—-4-.^,.-L1952
Ltd—
American
101%
Queens^Borough' Gas; St Electric-^-
•
Mar
24%
-
;V;
\
500
6%
1
106%
A-O
4s—2004
mtge 3%s
-600
2
Petroleum
Woolworth
109
M-N
1964
105%
99
97%
99%
'
e^ perpetuaj^certificates,^,—«
!
Apr
49
Sep
" ;
116
97%
7, •'
—;
V;
Public Service of JNew
Jersey-*—
4' r*
Feb
v
,
108%
108%
971/4
>
1948
--a—1970
9%
10%
100
125
20
19 Vi
•
AT-N
Utility Corp—
redeemed)—1948
Corp ;(Can)
20%
9
25
Winnipeg Elec common B
Wisconsin P & L 4%% pfd
Wolverine
19%
1
common
preferred ww
Apr
40%
'
V,"
>
v
"
Apr
16%
Sep
34
Apr i
13% Sep
19
Sep
•
-
115 J,
155
78
105%
104%
M-S
J-D '
•
Public Ser viceCoof* Colorado--^
•/.
19
14
10
Co
'■
105
111
1961
3%s
/ i 1st
>
Sep
1172
Sep
28
Sep
27% Sep:
710
20
'■/'
105
104% 104 3/4
1954 1,
ril&v Sinking fund deb
7 " May
>9
2,600-
1
Whitman (Wm) Si Co,
Wichita River Oil Corp
,
9%
10%
117
117
—20
Westmoreland Jnc_—
v.
"•
,:-'
11% July
.
65
112% 112%
.
5V2S
Westchester Ltg
Power
y.
24% May
/' 9% Jun
.
104.
65
M-S
1947
Lexington 1st mtge 3s
1964
Pennsylvania Water si Power 3y4S_1964
v.
Jun
10% Mar
'
Sep
May
112
<:
West Virginia Coal & Coke;
—,5
Western Maryland Ry 1% 1st pfd—100.
Western Tablet & Stationery com
19%
114% Aug
46% Aug
,
107
102%
;
115%
111%
J-J
Park
9%. Feb
Sep
7
v
.A5y2s series A (54%
Sep
;4y» Sep
.
700
...
' Sep
10%
1,500
113
109
$106% 108%
1950
England Power Assn 5s__•
Y State
N
Feb
5:
400
io7/s
1^6%,
——
"
30
55%
105%
105%
103
•
105
J-D
1948
5s
North Continental
4%» Sep
7 11% Sep
111
May'
-
'
2022
Gas
.Pacific Power-A
"123/4
Wagner Baking voting trust ctfs ext—•
1% preferred——
——:
100
v
$57
.
'
.
32
104%
107
103
m-s
1081
*■Ohio Power 1st mtge 3'As
1st mtge 3s
——
J;
32-' '
$112% 115%
109% 110
F-A
1967
A
Debenture
N
Aircraft, Co—1.^——'
.27
29
x,
.
■•L.
•107
—1948
v
•
$27
.A-O
v
1963
•
*7 Waco
101%
98
•$1045/8
j-j
'
Sep
14
12%
103%
90
95
j-j
>
1956
5s
New
Sep
Sep
1,000
,
2% '■•-2% 7
■
Manufacturing
Vogt
.
High
98%
100% 1007/a
'.
% New England Power 3%s
1,900
96
.Petroleum
Gas
Amsterdam
Conv
9%
Low
•
M-S
1969
> New Eng Gas & El Assn 5s
,
9 %
January I
Apr
:
Valspar Corp common
$4 convertible preferred
Range fer
Sold
No.
V
95
j-d
2022
to
4%
Power
series
New
Venezuelan
at
Milwaukee
j
r
21
100'A
Bonds
High
;•
Valley RR—
Extended
Apr
4 %
24
Range
Friday's
or
Bid & Asked
J-J
: •
,.——1970
Corp deb 4%s
Midland
Jan
27
4%
*
4%
——•
Sugar
Utah Power & Light common
23
23
j-j
j-j
1960
Power & Light 3%s
Kentucky Utilities 4s
•
7%
Feb
20
10
common
"
22
—10
Insurance:
Universal Products
-
3%
3%s^
Kansas
12%
1(L
;
1963
Electric Power
McCord
United
Universal Consolidated
Week's
Last
Sale Price
Jun
17%
1957
i
Debenture 6s
88
;
Friday
Interest
Low
600
;
•
*
Exchange
Apr
Mar
15
700
13 %
—
--1
Reclaiming
19%
13%
with warrants—v
common
18%
15%" 15%
Curb
Period
A Italian
U S
York
High.
:
Sep
Sep
12%
r>
'
BONDS
Shares
High
48
12%
WEEK ENDING OCTOBER 4
RANGE
71 %
—
1
common
Low
■
71Va
•:
•
-—-—25
—
Specialties
v
>
,..4-
•
for Week
I*—|B
'of Prices
xriCO
.
^
United
r
'
'»'■
o-i«*
.
:
NEW YORK CURB EXCHANGE
;
I
{Reported in receivership.
*'
:*
Abbreviations used
''v
"
'■■^7.'■■
'
.•
•-'•"'-•
•'!
* "
*' '•'
:-r
above—"cod/' certificates of deposit; "cons," consolidated; "cum," cumula¬
3
32
63
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;*
18
30
60
"wi," when issued; "ww," with warrants:
"xw," without warrants.
THE COMMERCIAL & FINANCIAL
1750
OTHER STOCK
RANGE
FOtfc
CHRONICLE
.Monday,.October 7, 1946
EXCHANGES
WBRK. ENDING
OCTOBER
4
1
,v
v
.;
.
8 T U
<
v E a
Friday
Baltimore Stock Exchange
Sale Price
of Priees
p*r
Shares
Corporation
Tranbii
Bail
Preferred
v t c
vtc
Low
High
High
,V
23%
270
>21%
Sep
31% May
107/s
945
4%
Feb
13% May
Feb
55% May
•'.'.37
43
116
116
.837
;;r:;
28
.
.
-
^
i
vtc—,
preferred B__,
4%%
Range Since January 1
22%
"
''%>vV>. vv
100
Eastern Sugars Assoc com
1
11%
Fidelity & Deposit Co
20 •
—.
Fidelity & Guarantee Fire Corp,——10
40
Rights
15c
Consol Gas E L & Power—
*
Mt Vernon-Woodbury Mills com——20
6.75% cum prior preferred——100
11%
,
40
40
15c
Amsterdam Casualty—<--«-»•-—2
U S Fidelity & Guar
50
r
44
Jan
58
106
Sep
54
87
Jan
95%
22,000
92
Transit
99
v
99%
__
90
Sep
Chicago &
Southern
Jun
July
101
Cities
Service
Consolidated
Consumers
Co
Exchange
Last
American
& Tel.
Woplen
—,Tsm.
Anaconda
Copper
172%
Tel
Bigelow-Sanford Carpet 6%
Albany
Boston &
Edison
Boston
Boston
Maine KR—
Rpston A
>
stamped
4%
——
23%
23%
300
22
17%
17%
18%
350
17%
31%
1
17%
17%
18
57
53
57
50
45
Jan
57
30%
33 *
S2A;
30
Feb
50
May
26
28.,>
20
Jan
•32% May
36
Sep
56% May
12
Apr'
45
10%
4% Oct
37
Sep
20% Jan
Sep
21
Jan
6%
Oct
20
Jan
7J/2
Sep
23
Jan
45
8%
Sep
preferred
"6%
v\
41%
Oct
76,
21%
Apr
42
Sep
10%
8%
11
preferred Class * Bl
(Geo)
Co
Employers
99
98%
Corp
V/67"
125
129
130
29%
:
115
15
Engineers Public Service———————X
National Stores---—
*
"'24''
56%
290^
54% Jajj
33
100
$7
preferred
conv
Brick
x31%
International Button Hole Mach CQ—10
Isle
Royale Copper—————15
Copper
wrr-.—t-wei-.'m——*
Corp (Del) 6% preferred—50
Boston Theatres—:
25
Loew's
100
Maine Central RR 5% preferred-—100
Mathieson Alkali Works
*.•>
Narraganseti Kac'g Assn lnc
1
Nash-Kel vlna tor
1
RR
Central
Maine
National
3%
1
100
2-50
100
Tel 81 Tel
Mining
New England
North
Butte
(N H)
Northern HH
Colony
RR
15%
RR
18%
55c
120%
120% 122%
1
vl'/a
31%
18%
•>•
Co
: 9%
10%
33%
—--.*•.-60
25%
25%
27%
5 3%
Quincy Mining Co
15%
————^
Machine—
Rutland RR 7% preferred.
2
Folding
Torrington Co
21%
29%
38
5%
16%
37
41
$8
8%
preferred— —4'
45%
45%
47-
11%
11%
7 VA
71%
57%
'
2Va
143
47%
49%
17%
53 %
-53%
17%
53%-
25%
26%
16
Sep
47%
Sep
6%
Feb
17%
Jan
19%
Sep
46
Jan
52% JTun
53% Aug
-
Week's
Sep
53%
4
Lout
Admiral
Corp
10%
10%
18%
common.
17
18%
Advanced Alum Castings
Allied Laboratories
Allied
Products
&
Armour
Asbestos
Corp
cpmmon
Public Service
American
Co
67/a
common
Sep
Jun
Sep
23%
17%
49
Sep
66
Sep
39%
--
24%
6
Jan
j 24
Oet
10
common
Circle
Co
Oats Co
Jan
^50
.
17%
18%
.
'
ji
24%
•
new. _25
j
.v..
„1
—
,
96
"
h.f.
12
300
250
18%
50
10
11%
3%
Washer common—.
Aviation Corp tDelaware)-,,,,,
Automatic
3%
11%
common
Athey Products capital
11%
5%
12
3%
12
20 y4
-.9
•■•
16
May
127
May
13%
Jan
Sep
25% May
18%
V
Oct
Works cap (new)
16
8%*
26
15%
:tv
14
50
94
8%
27%
"
V^jOO
.
■>>::
27%"-13
*f'J;
16 % "
•>:
.
8%
'
*
Til-
---<
41%
15%
15%
29%
28%
30
24
26%
v, v
-
32%
32%
23%
22%
24%
50 Vi
70%
V-a
26%'
<V- 500
^
* '
com——12%
common—,
Woodall Industries common
capital-
Sep
67/»
110
28% May
-j
134
Sep
Feb
Unlisted
Alleghany
American
Mfg
Berghoff
Binks
Mfg
Bliss &
Borg
Co common
Brewing
Co
canital
Laughlin Inc
(George W)
For
i
footnotes
new
see
2%
io
Sep
Sep
18% May
3%
7%
Feb
10%
Sep
20 %
Jun
8%
Jan
Bethlehem
14%
Feb
Certain-teed Products
10%
5
5%
300
4ya
Sep
7%
400
7
Sep
-
Rolling
Steel Corp
common
18
18
18%
150
18
Sep
26%
Jan
Continental Motors
14%
15%
300
12% Mar
17%
Feb
17%
18 y4
450
17
Sep
30% July
Curtlss-Wright
Farnsworth Television 8c Radio-
15%
15%
15%
100 >
14%
Sep
18
Aug
General
13
13
13%
13
Sep
22
Feb
Graham-Paige
page
1757.
1,150
29
25%
V 29
13%
29
•
<
Feb
40
Sep
May
61J/a May
Sep
■t-
66%
Sep
.;
Sep 1
5
28
Sep
.48
May
12
Sep
19
Jan
17%
Jan
' ,; 25
450
'•••
50-;
8%
41
S^p
49 V
100
'
Jun
-/
10%
8%
21
26'/4
"45 T Jaly
34.y» July
130-,
>.; 400
-•
14%.
10%
~8%
450
Electric
—
14%
;
37%
:>,9% Sep
8% Oct
4
15
34
200-
'37%
38
300
-
.
J,100
97%
Feb
39 %
Jan
137/8 May
9%
23
Feb
Sep
;42
AUg
35%
Sep
11%
•'6%
9%
9%
38%
39%
6%
6%
Feb
110
Jan
Jan
106
Jan
Sep
25 %
9
Sep
13% May
100
11
Sep
20 y4
Apr
6
Sep
12 yg
Feb
100
9
Sep
16 V2
Apr
16%
6%
6%
51%
Jan
200
18%
9%
11%.
Apr
Sep
Sep
30%
'
94%
17%
.7%
3%
14 Va
■v
104
-1
Zi
700
3%
38%
Co.
Motors
10
,—80
100
—•
1
*
1
^
■»
14J/a
■<32%
37/s
—
1,750
American
14%
1
common
Corp
•
5
25%
13%
;
Stocks—
Corp.
2,050
7%
10
Corp
*
"
Radiator & St San com-—*
Columbia Gas & Electric
Belden
'
31
30Q.
Jan
8%. Feb
V 49% May
Irr 18% Feb
-1,350
.
45
V
V; 17y4 Mar
Oct
32%
69%
f : 39%: Apr
r
Sep >
25
J
59% Aug
'
Sep <
15%
...
Jan
11% Aug 1
28%
650
-
y4- Jan
20%
v
100 -■>
7.5
,
Jan
20
"i
500 v
.:
-
v:;
Apr
37% July
!
~
30% Sep
3% Sep'
.
11
J- 50
% Sep
17%
....
Jan
Sep
r. :.25
May
49%
12%
300 ' 'i
4%
v.
200.> >10
Sep
11">'?■>/- 100 v V 37% Feb
41%
15%
-
Sep
a..
:>•
20
4%
37
24%
Sep
15%
300
» 400
41%
50
Feb
July
33% Jan
i.
Jan
;. Sep
12% Sep
1,200
10
>
25
'
150
27%V, :r; 50
.10
———•
Feb
>
'Sep;.:"'
36
8
900
~1
Co
"11
V
350
9 ■;
common—— ._5
capital
114
■['
27% Sep >
150
-.150,-
:
'
38%
32
4
i 29%
1 Sep
Feb
July
9%
Sep
Sep
25
30%
-4%
52
2.00
(18%
t
4%
v
47%
Oct
'
12% '
—5
Sep 1"
45
230
-.
96
27%
27%
v
i
$ 8%
—1
Dredge., common—
Mill—
Anaconda Copper Mining
Atch Top & Santa Fe Ry com
500
May
..'V
:/• 13
common——
St Louis Nat Stockyards cap
—
Machine
V
Sep
v
~~20"
100
r>27%
.
fnc
Yates-Amerlcan
65
Sep
Jan
Oct
10%
■
v
v->.
17
300
110% 110%
new
pfd—
common.
Mfg Co
7%
18
High
Low
Feb
May
Sep
'
•-
•
Wieholdt Stores. Inc common—-—^
Range Since January 1
14
:fllepv/"
Feb
V
>•12/v
38%
,
13
Bankshares
May
,
7
:v; 700
15.
'
26%
26%
Wisconsin
32
40
Corp common
Sundstrand Machine Tool common.
';•;> v
Jan
37
23% Sep;
8%
Feb
50
100
4%
15
.
96
27
common-
Westinghouse Elec & Mfg
■J--
•
50
'
,
45
>4%
4%
—
Sunbeam
Sales
•
36
v
'
common
'."V
May
Sep
39% Sep
19% Ma?
v
150
'v
27%
:;/45.,,
45
common-.-.——,— -1
V
May
103
3,600
42%
26%
♦
.50
*
0 S Steel common
May
51
Sep
2,100
7%
100% 102
100
119
30
200
AOO
9%.
41
I
"7%
—8
>
25
,> 8%
U 13
Sep
Sep
65%
150
•
31% May
ya Aug
Jan
42
10
24% ,24%
8%
Sep
5%
14 %
>
10
40%
-
15
18% Oct
157% 'Apr
Sep
700
30
.24
24 -
'35
>>450
72%
39%
v;
Jan
May
15 Ya Apr
35% May
38% Apr
12% Feb
12,800
■
44
30
—
■
900
70%
i
13,
t
200
i
41
19 •> jan
Sep
11 % Mar
10%
350
23
,"10%',12%
15% 15%
;
.
15% Mar
112
-11% May
1,100
•
23% July
Sep
Feb
350
>
800":
70%
,
—
Corp
- '
10%
38%
38%
Stewart-Warner
"7%
25%
37%
44
*
Standard Forglngs common
Standard Oil pf Ind. capital-,
Jun
May
lo
50
27%
Standard
-
18%
•
(The)
(The)
9
110
200
-
20%
38
X
(The)
10%
20
:v;^.
30
May
21% May
58% May
Jan>
20
17
18%
.
25% May
26% July
•
20
17%
i
80
140
110-r-
,
12
common.
Co
>
9
25- -
(The) common
2
208 South La Salle Street Corp com—*
High
11
Jun
v/->-^^
'
Apr
83%
-
•
Car.«)W»M)n----V--20
common-^•
Scuth Bend Lathe
,
79%
Sep
—
Bancorp
Pen
Spiegel
Apr
46%
Shares
Jun
10"%
;Jan
0
22
fiignode Steel Strap Co com (new)Sinclaiy Oil CorR--—
4 Society Brand Clothes com
18% May
85
tor Week
44
Sep
13
?5
Shellmar Prod Corp common-.-—
Jun
Sep
of Pricea
33% Aug
;.Oct
5% Sep
>10%
22
10%
capltaL
Corp
Serrlck Corp class B
Feb
Sep
Range
'•••
-12% Aug
26'/a Aug
15% Sep
8%
25
•
Chicago Stock Exchange
Last
38
20
>9%
Sears Roebuck 8c Co capital,
Trane
Friday
>
400
Swift & Co
STOCKS
>
500'
24
t
.
Sangamo Electric Co common——Schwitzer Cummins capital-
;
43%
437
Jan
4
OVt Sep
17% Apr
16% Jan
900
110
Hart. Inc jcpmmon vtc
Mfg
Quaker
23% Apr
70
285
i
Jan
25%
i
Jun
400
'f*A
Rath Packing common--
Jan
3% Feb
4
'10%
•*-~5
Api
30%
25%
17%
X9%
—7
_1
•
10
Pressed Steel Car compii-TrTT„.
Feb
;
>
~r-*~
——
North American
Potter
Apr
202
-
-42%
Feb
Sep
17% Sep
19-
22
j
W
100'
common.
Mfg common
Perfect
APr
47%
38%
85
17 %
Jan
V
West
Parker
Aug
Feb
34
425
Jan'
17
200
-
..
-
PeabodF Coal CO- class B ,cornpreferred
Pennsylvania RR capitaL.—
May
Sep
Apr
Oct
—*
$1 prior, preferred-——
Oak
Apr
142
Sep
Jan
,
71-
*
-12%
Westinghouse Electric Corp.
37% May
1,755
59%
•
50
(S D). Co
Warren
74%
Sep
24%
<
^>.10
>7.
It'
Light &. Chemical com
Northwest
Jan
13% Sep /
15
Sep v
215
10
U S Smelting Ref & Min—,
Waldorf System Inc.
>
July
2%
10
39
14
May
79T/a Feb
14% Jan
7
18%
NationaLBtandard coramonu^,i,----10
■:•
14% Mar
Jan
1%
%
218
25% Jun
Sep
17
-Jun
22% Feb
56%
Sep
14% Mar
200
'
10
^■Muskegon .Mot Spec class A—,,i—;
Jan
? 50
•
U S Rubber
.
1%
100
39
5
—25
Unitcd-Rexall Drug Inc
United Shoe Mach common
49
25%
100
13%
Apr
Feb
27
21
17%
Montgomery Ward & Co common
4%. Feb
: 60% Apr
Oct
Co
8c
Modine
s*
25
<126
.36%
Co
Fruit
2 55
%'
5
—
^
>.
Sep
80
3
V
May
30%
12 % Jun
Sep
■
k~ 150
38
.<9
Marshall Field 8c Co common
Miller
2.2% July
31%
1,595
16%
Drill
Union Twist
136%
Sep
750
40
13%
:;,13%
WeosiAf fnc_.•(*r»mrr*w
Stone Si
United
%
•v
3%
16
■
8%
1AOO
6%
t
—
-
preferred
Middle
Aug
Sep
160
3%
3
32%
Shawmut Assn
.
Aug
5
Jan
,
130
15
34
.
ti
Aug
Sep
18
lft%-/» »'-r«50n:
'19
-.io
capital
Power
&
7%^
'*>■
3%
32%
w
45
Sep
118-
215
-
2,250
Feb
Sep
50
#100;
150
28%
*3
Libby McNeil 8c Iibby. common
Lincoln Printing. iio„qommon
Lindsay
42% Apr
.
4
14%
1,200
135
•
Recce Corp
Reece
1%
135
135
;?
Jun
8%
Sep
/ 9
50
21%
Feb
50c
175
-
:
17
;
200
15%
55c
Jan
24%
125
19%
15%
■
51%
Mar
28 %
30
27%
41% Apr
18 •; July H
i;:-"4% Sep :■
6
641
7%
—_r—100
—
Pacific Mills common
Pennsylvania
:
167/a
Sep
•8% May
1,100
1,750
>7%
Ext TjniT bommob>—
Salle
?0% Ijiay
r
17% Mar
2% Sep
41 v Sep
J! 42
50
32
26%
19%
5 102
18
4%
30
v.
300
42
18
A
Old
46%
42
42
112
18
3%
1%
.
35
/5;:
45%
,
common—.
Cos
Service
18
1,147'
132
18
f
Kennejcott
Lamson
5 650
m
Jan
111
19
/ 19%:>'20>--v-250-.
Drug Co common.
Leath
<■'
Feb
46
Sep V
82% Jan ''
V 10% Feb
761
39%
126
132
——-——-
32%
3
:
*
Apr
Jan
.j
37%
1,267
31%
t
iv 3%
—
39%
34
31%
;*38 .v*.
Bathaway Bakeries class. A—--™*-—
Class b
——
38%
38%
•
8%
-7
31%
;
s
Kellogg Switchboard common-Kentucky Utii e^^iweferredu—
-
Jun
47
25
Sep
257/a
•
~
-*
Gillette Safety Razor Co.
.
19
54%
>
•
Kata
JlVin
145
Jan
27
V
770
257/a
33
First
—
120 '
Oct
Aug
28
Sep
24% Sep
17
./ 16%
Lines Inc coinmoO—r—^
Group Assoc—.—.—
Genera! Electric
.91% May
98%
110
29%
-
>
300
53
-8
common
Warrants
.
09%
700
1,050
52"
:
A__.
common
Indep Pneum Tool (new)—-!
Indiana Steel Prod common
104 */« May
-
-r100
—100
5% pfd adjustment—
Eastern SS
V
;
16
.IS-.:,..-..:. ...>.20,;
>
52 »
19 :
Brewing Co G capital—
Parts
&
Illinois
Jun
Sep
93
75
850
17 Vz
18
*&>■$
Werner Motor
Hormel
12% Feb
6% Sep
52....-,- Sep
96
10
101
11%
/
>9%
Hein
'
60%
Apr
25
Sep
48% Jan
IS'...
8%
10%
-19
Auto-!-—
-1
Hupp
Sep
.
-«w.~109
preferred series
1st
5
■«—100
—
Eastern Mass Street Ry-*6%
on •:
00'/a
——100
36
,
20V4 May
13
Associate#—
4%%- prior1 preferred.!
6%
25'% Jan
3%
20
•
Eastern Gas 8c Fuel
>
.
10%
10%
'
20
Interstate
1
110
.r,.,
17
»
!,;
•
„»
Heileman
Jan
i.25;
14
116
5.
Hammond Instrument. Co common.
Feb
Oct
7
24%
—10
29% Sep
16% Sep
2,300
150
.
20
17%
^—15
ot, America. Inc—
—
100
20
Mills
<H W) common—
Great Lakes D & D common
225
6%.
247%
101
-
Safety Raaop, common—
Goldblatt Bros Inc common
371
6%
—
Gossard Co
6%
15
1
A
Gillette
8%
9%
16%
41%;
OCt
Jan
91"
•
class
100 >.
General Motors Corp common
—10
Gibson Refrigerator Co common ..... 1
Jun
6%
10
-41%
32%
31%
*
General Finance Corp preferred
86% May
8%
1
Calumet &
Heplp
Cities Sendee1—
55
Sep
25
9
k Providence RR_——rr"7-—100 j
Boston
Mar
8
9%
41% Jun
Sep
'
General Candy class
Apr
July
7%
Tfust--***.^—-*
Prop
Personal
150
Feb'
50
750
.6%
u
Oct
33
/
'
<6%
Stamped '.1
_—T_—__100
10% class D 1st pfd stamped
100
Boston
4%
44%
6%
Oct
72%
55
40 %
95% May
Jan
140
23%
-50
pfd
Elgin Nat Watch jCo new corn.
37
350
42
-AUo *
«•—100"
100 >v *"7%
Jun
5
25
Electric Household Util Corp—
Jun
25% May
Sep
44
991
75%
preferred—100
1st
C
class
7%
May
39%
.—100
7 %. pfior preferred>5% class A 1st preferred
153'
15
123%
Inc
(The)
Eddy Paper Corp
148% Jan
75
Oct
Sep
250
Four-Wheel Drive
39
73
450
Feb
39
Sep
83
100
> 51%
75
14% Jun
65% May
27% May
Jan
30
i
3%
10
49'
8%
11%
300
75
90
38%
Flour
290
47%
73
89%
14%
Jun
227
49
Feb
July
28%
69
v
2,300
14
3%
314
•
13
X38%
Jun
16%
;
stamped
Common
152
15%
;
12%
:-C:i 500
A
,
_*
70%
123% 126%
16
•v.*-' •
Elevated Ry
——-—100
Herald Traveler Corp
V
Boston
■::
152
pfd—...100
—^pptp-ttsct-—'
RR
10u
,———y—
25
Bird 8c Son Ipc
-64
Corp common new——10
Industries
52%
20.0%
30%"
124%
211
Jan
Feb
.
10
common
vtc .partic
Jan
35% Sep
30%
395
37%
*
„......
.-w—rrr^—
Feb
Feb
15% May
Sep
20
600*^' >
9%
9
*
common
38% May
169 % Sep
* 1,54
1,652
45
Jan
25
Sep
160
Apr
5%
'■
9m
42%
110%
'
200
50%
113
,
Sep
Sep
Sep
67/e
50
2Q%
63%
.5
Common ptirt ebs vtc E.—
Domestic
Range Since January 1
High
41%
14
162%
•
20
12%
part sh vtc. A—
Dodge Mfg
Shares
172% 175%
45 y".
400
Sep
2
Jun
27% 1 Jan
v
33% Jan
>'1,800
li-.-A 60
114
160
.
.
Deere & Co common
for Week
40%
Chemical .Co—^-T—*
American Agrl
.
-
Range
of Prices
-
;;
Low
American
Sales
Week's
Friday
113
20
Oct-
Feb
20%
Jan
106 *
,
May
33%
10%
10U
^
59% May
66
18
IOO
-
8%
8
8
Air
Biscuit
Co
Common
Sale Price
14
v
(The) Co Inc
Commonwealth Edison common
STOCKS
14
-
Coleman
Boston Stock
2
113
"
.450
38%
107
— ■
Sep
Sep
20
;
250
2
•
Chicago Towel Co common capital
Chrysler Corp common--—
-
4s._1975
j
1975
Co
series A_
5s
48%
.37
5
common
ioo
600
106
60c
—•
lien preferred
36
14
37
»
Uill,common.
100
;
41
18
,
JUUW
ioo
'
;VvVV
Baltimore
---
Range Since Janoary 1
,V>
V.
12%
12%
_v-10
preferred
Chicago Corp common
Convertible preferred
Apr
415
—
common—^—1
Corp
Preferred
Jan
42 !/8
45
W
.
Jun
37
(
Secur
Cherry Burrell Corp
May
Sep
26%
.
Prior
r
Sep
$37,000
44
Ceinrai a
Jan
17 c
,;
Fub.vSeryr
111
Convertible
Aug
w'
Bharea >,>'
42%, 42%
41
41
20% 20%
-
"
107
.(A M) common—
.ceniraJ
.Central
Jan
'58
Sep
16%
<
17
112
27%
91
—
19 %
98 Va Mar
114
100% 100%
26%
5c
Castle & Co
;.t
Jan
186
Sep
V.38
827
Oct
•
Sep
165
210
16c
40
11%
10
118%
Jun
114
100
11%
170
-
v
10
170
44
100%
26%
New
,-,5
Brach «& Sons (E J) capital
,—4
Brown Fence- & Wire class A pfd-.
*
Burd Piston Ring common
1
,Barton-Dixie Corp
*10%
JV 23 %
—* ' v.107/a
-,—100 >. 43
—t
—r
common
CO
Low
v>
,
Arundel
/
Borg-Warner Qorp cpmmon_r^
for Week
V
for Week-
High
Low
;
Range
Last
Sales
Range
Sales
Week's
Fjrfday
s t o c k s
Week's
Last
»»»v »->«,
«-->-*LPricea
l.o
0
1,300
37%
6
July
Sep
51%. Feb
Sep
131/4
Jun
•
(
-!■
;
'
-
>■*>
r"**\
THE COMMERCIAL &
Number 4531
f-Volume 164
FINANCIAL CHRONICLE
1751
OTHER STOCK EXCHANGES
•>Y-RANGE
J'**-:
Friday**
STOCKS
Shares
York
Co
Lj
Nash-Kelvlnator
New
1
Corp common—
Ligh£
(Glenn
Packard
Pan
J. .15.;.? 15 %., B 700
,,.1,000,15%*; v.;'j5 7«.jil6.78
capital
Airways Corp
Paramount
Pictures
Pepsi-Cola
—
Inc
:
:
Sep
37
Sep
v29M»vSep
Oil
Oil
of
Co Inc
Standard
500
600
10
Sep
1772
100
16
Sep
2874
200
26%
Sep.,
Steel
Spring
United
%)
Wilson
Co
Co
&
67 3/4
22%
22%
62%
.300
;
•••,
Feb
33/4
20
Works
*
Sheet
&
Sep
Z
900
37a
Cincinnati Stock
>,<:>Last
Fir
Low
:
Cincinnati
Tobacco
Cincinnati
Union
Dow
i
861/4
Gibson
Kahn
21
.100
95/s
Oct
12 7a
9%
.
17%
Aug
65
*
25 Va
1,407
-
-Baldwin
115
Feb
Bower
20
May
May
Sep
July
30
5
106
Mar
Feb
33
10%
Apr
15
12%
100
11
Sep
217a
12
100
11
y4 Sep
8
13
Y18%
98;
62%
57
56
;;
50
13
'
"20
317s Aug
169
44%
..Davidson
Detroit
,
Sep
class
Randall
25
*.
—•
56%
*,
Preferred
i
—
4V
50'
5978
■
Federal
71
Jan
Y
•
12
123/4"
50
Jan'
100
51
12%
12%
12
Apr
May
Sep
57
Rolling MilLZ.
28
City Ice & Fuel
Gas
Columbia
-
—
Motors
General
Oil
Pure
*
—
97a
:
10
—
■
-
250
317a
.33
,
97B
517a
527s ■;
-
22%
77, U-.-"'Jn-'.
Brands
Roller
34»/4
10
Sep
Wa Sep.
ivi
•.
507a
.
42%
115
.39ya
*
Oct
Week's
\'v>t '
!'
Akron
Brass
American
Tel & Tel
K0 S
50o
American
Manufacturing
(Un)_
Coach & Body
100
57a
57a
•
Controller
—
Cliffs
6
■
Motor
•
Drug
McClanahan
item
r
Jan
Sep
Sep
20074
12
170
:
-
Gar--
4174
413/4
;
2%
1074
%
4
21
674 H'
50
100;'
-
22
240
20
200
14%
14% •;
17
16&
'
274
163/4 May
Jan
23
Mar
July
Jan
874 Jun
7
7V8% Feb
Sep
263A
Jun
177b Mar
20'%
Jun
-
,
147a
Sep
16 3/4
Oct
93/4
Sep
1374
Oct
;
257:":;
Feb
28
34
Jan
""
9%
I33/4
133/4
'
22
r
100
•
•
•
;
>
Jan
80
6 /
7
1,110
Jun
4
Sep
5
Aug
674 Feb
4%, Mar
-
193/4
)
75
Sep
367a Aug
>,
2% Sep
1,100 /
1,300 ^ ^".'974 Sep
16
Mar
100
22
,
Sep
11%
738
57a
274
Mar
100
523/4
107a
430"
143/4
;
.
■
!'. Y/
23/a
214
600
2
' 365
34
36 3/4
37% '
674
67a
"900
6
6%
Y; 260
2
27a'
1,100
2
363/4
May
300 'Y
16%
527b
93/4
Apr
17
23
'
1,750
::
2%,/
103/4 *
6%
1
—
._1
common.
2
Products
-lT
-
Oil 'common
—
Products
27a"
11,975
i;
,
•; 147b
Sep
253A
Jun
Jan
4
Sep
Sep
7 45 % May
:
^
" V
r,
Chemical
Co
common
f 137a Mar
Sep
6
Oct
•>-:
17a
Sep
50O
•>
7.27a
'
,,
i>
Jan
8
Oct
2
550
V-
2%
:.W'<
2%
63/4
6%
19
i,
v
-2%
M
■:
tmm
^J
—.
common
Rust-Proof
6%
rv~
•
ty.
Jan
5
3% Jan
,
-
w,
Stamping
Davis
274
274
1
common—^
-i
'■
-
Sep.
/v
57s
18 3/4
Sep
400
7 2%
Sep
370
65/8
Sep
;vo.5%
940
5
Jan
33
Jan
5
May
127b
.
Feb
77a July
Jun
5.
39%
290
28
110
3%
4
350
33/4 Sep
7
Jan
6
MM
40
28
/:■
MM
-2%.
common
Sep
91-
Sep ••fir--104 74 July
Oct
; 413/4 Oct
413/4
Scotten-Dillon
10
■
-
■/
Udylite
——
h
6%
980
5% Sep
8%
Feb
1
9% 79%/
12
11%
4%
1
—
.
>
.
Sep
36
Jan
47%
Oct
■
3374 Aug
.
28
47a
47a
•
150:
:
4
v
1,350
475
11
13%
15
625
6%
*
Aircraft,common
1
2%
2%
2%:
.4
27a
27a
2%.,
:
137b
Jan
Jun
97b Jan
Sep
Sep
Mar;
Sep
5
12
6%
Distributors
Shirt
47a
v
1974
Mar
10
120
•
Oct
9%
200
1,150
4%
117a
674
I
common
United
.
.117a
1
Tivoli
Jan
974
1
common
Superior Tool
Brewing
44% May
32
6%
Shelter Mfg new. common
Standard Tube class B com
Jun
16
29
474
57a
527#
(.;1
28
Sep
600
12%
Feb
Sep
-Sep
8
32
47#
93/b
23
400
57a
•
-
:,
—
.
River Raisin Paper.
2574 May
27% Sep
127
..
Jan
163/b July
Oct
Jan
8%
-
37
91
"237e
V 7 5%
100
1,496
12%
»
Peninsular Metal Products—
■ ■
974
Sep
—
'•
High
Oct
44
173/4
Motor
Parker
57a
38
91i
i'i
class B
common.
Screw
Masco
Parke,
3%
-
-
200
;a29% a297a
f
-
Corp
Salle Wines
Park
??
Feb
23
Sep
* Sep
97a
:
247a
1
Packard Motor Car
42
1474'
Casting
;;6
6
193/4
Nftt.innal
Range Sine* January 1
320
a3%
1774
—*
pfd—
,*• *
Cleveland Elec Illuminating———
«
•472% preferred
-'<•
il73%al74%
__
Iron
?J
-
137a
City-Ice' & Fuel;
Cleveland
High
a3%
—
:
Shares
(1
Par'
V
1;
Alleghany Corp
Clark
Die
Lakey Fdry & Machine
Jan
for Week
1
765
837a
May
May
Sales
Range
•f Prices
103/4
55/a
Kinsei
Cleveland Stock Exchange
;
11
;V; 16%
10
Michigan Sugar
Last
Jan
18%
200
12%
*
r
Kresgei (S S);-mmmnh
;
Friday
135%
210
117a
'/.•
King-Seeley .Corp-7///■./ \
Jan ~
'
Sale Price
Sep
115 '/
897b
19 7b-
-
-
,
STOCKS
Jun
12
,???•
1
.Le
<. ■'
21%
9
Kalser-Fraser
Aug
657a
.
53
Oct
32
474
class B
Brewing
Hudson
,
>
8074
53
:
Sep
143/s
24
•'"
Hoover Ball & Bearing common-——10
Hoskins Mfg common
272
283/4 May
Sep
42%
#
v
;
3374
2%
Michigan
Feb
14
•
Mar
Sep
200
{■v
l
Motors
Goebel
6
*
•Gerity
Aug
May
42
-
-
Sep
20
-10
40%
42%
—
;
22V4
Jan
Jan
48
..••783
9%
24%
53% Mar '
27%
510*
■
.5374,-;
40 V8
Bearing
2774
"
..
Standard
Timken
—
323/4
303/8
32%
i 30%
•
Feb
19
23/a
97/a
./i:;:: -y..'.;/
Truck-
Houdaille-Hershey
"
77e
14%
897a
.-..——..—2
—
Brewing
Gemmer Mfg
Unlisted—
American
Motor
'.General
Jun
13%
Sep
11%
1
Friars Ale
'Gar Wood
52% May
837a Apr
i
Sep
48
19
e
>
20
Electromaster, Inc
31
,
Sep
32
44
50
10.
——.———,
'60
381
67 Ve
433/i
•
55% Sep
11%
100
High
v.
Sep
400
,
48
3%
274
•
117a
10
-
common
Detroit Steel Corp
.25 Y Oct.;
Sep
32% Mar
27
Navigation
Edison
.Frankenmuth
26
150
.
677a
Printlng.1^^—
Western' Bank—.,
47
-
Detroit-Michigan Stove
65ya May
24% Jan
64'
26
45
47
146
577s
26
56
A——
—
U, S Playing Card—r..-^*«w.10
:.U« S-
25 V*
25
r
Cleve
&
Detroit
Mar
56% May
•49
Mar
Aug
Low
100
14%
—
14 7g
m
-
,
1274
48*
Range 81nee January 1
v.--'>:•;•
'
Jan
.
,
——1
/
,;-
3 3/a
,VY-/"
Shares
Hiah
•Y12'".
12%
5
Sales
for Week
i
3%
1
Bearing
—
May
70
Roller
Low
f
Rubber
c
Range
ef Prices
Par
,
Consolidated Paper
Continental Motors /.
May
37
'
^
Briggs.• Mfg
■■e.
Burroughs Adding Machine—
•
Chrysler Corp
5
Apr
29 Ye
Jan
50
17
46%. 47%
V
Sep:
24% Mar
7
25%
50%
50
86
Allen Electrin
•Sep,
•
194
22 Va
62
26
Sep
107% Sep
13 Mi Sep
•'Y?i;250'§
'14Tb
"33
.
,
22
136
98
25%
.
Lunkenheimer
Rapid' ■
Jan
Exchange
Week's
v
Sale Price
Aug
50%
•*,
.
Jun
7
Friday
Last
May
20
21%
*
r
-•■/■:/?'
Sep
12 %
.^-.10
Gamble
Sep
57s
DETROIT
STOCKS
May
'
&
18
837a May
31
Jan
New York-Curb Associate
■.
,
Mar
Jan
13
Kroger.,.,........
Procter
44
Sep
Chicago. Stock Exchange
July
Feb
14
50
-,
43%
33,
a
.—
Jan
1274
13%
—
Jan
10
97%
Art
Exchange
Detroit Stock
17b
13 Mi
10
13%
•—25
r,
Sep
57%
22
Building
Jan
5
-
18%
97%
*■
A
Oct
25%
al9y8 al9 y8
Members
High
46%
Sep
49 7e
12
rtnsa
'
,
'
Yards.
33%
102
•
16
50
Insulation
Formica
3%
15
76
:
'
Detroit Stock Exchange
207/e July
/
6
107% 108 y4
107%
Drug
Hohnrt
516
•
a27% a27Mi
a63% a6378
*
New York Stock
Apr
24
V
24%
-itfiioov*
„
3%,
1
'
6% May
[
Sep
May
18%
I'T-lh
Warehouse.
3%
Jun
WATLING, LERCHEN & CO.
22% May
49 y8
49%
•»
Motors
Eagle-Picher
t
•
50'
Stock
Feb
38 % July
LOW
6
16
16
-
______
-
34%
Range Sine* January 1
^166/
21
9%
-.2*
Telephone
Sep
.
Shares
>35%
21
—.
Cincinnati Street
Crosley
x
——
Champion Paper & Fibre.
Churngold
Z
Cincinnati Gas Common
V Preferred
!
Cincinnati
—20
I
22
July
Telephone: Randolph 5530
High
33%
V
6
Burger Brewing
Sales
ef Prices
Products
Beau. Bruramell
Feb
362
23% '?
22
23%
30
Range Y: for Week
Sale Price
Participating preferred
97%
•
common
Exchange
'Week's
Friday;
Machinery.
697a
Sep
Jun
24% May
Jun
May
.14
3 Mi Sep
66% Jan
.12%
STOCKS
laundry
Sep
66
2
Tube
Ford
American
403/8
14% Sep
Apr
18 %
Sep
8
common
American
207b Mar
185
105
',"•
Jan
7~8~%
Sep,
100
1,100
87a.
•'r8%
874'
1
.50
common-
278
42'A
"53
63
Sep.
40%.July
Feb
12%
22%
;
1
3%
Rubber
*
Warren Refining & Chem
White
Motor
Apr
Aug
19
•
'677a'
'
Corp
U S
Van Dorn Iron
28
u?
:i4Va Sep.
1,900
24%
41%
49 Va
i
.——I
1
Corp e.nmmnn...
Oil Corp
1
23
a69% a7074
789
28% May
107a
1474 ,14 7a
Feb
15
■_*
common
Feb
20
22%
10
m
407s
15
10
common
(Un)
Youngstown Steel Door (Un)
22%
14%
•
Sunray
Ohio
of
common
67
2874
15
Studebaker
Oil
Steel
Feb
17%
23
J
N
S
vounsrsrown
10
,v,
*'•
Standard Brands common,
Standard
Standard
Thompson Products Inc
U
37% July
22%
1
High
Sep
..
52 y4-
*
Sep
"
Socony Vacuum
Rubber
597a
,—•..*«
Low
25
126
51
y4
*
Jan
38
,»
Rsnge Since January 1
High
'
10% May
v
Shares
a26% a28%
52
32
Sep it
14%
(Un).
21V2
•
of America common
251/4
Low
Bros
Selberling
i, Jan
•
Radio-Kelth-Orpheum
Republic Steel Corp common
iRlchman
Apr
35
6%
100
,
vf Republic Steel
Jan
Sep
900
1574
32%
44
,
24% Sep
Z
j»_33 Mi
Pullman Incorporated
Pure Oil Co (The) common
Radio Corp
,1574
1
Sep
Feb
8% May
15
100
327a
L;,;
2%
com
new
Co
B
T
6%
■
.
t
.13.
,
"6% 'i
20%
ic
of Prices
Par
-
.10
Car
>
Sales
for Woek
Range
Bale Price
High
10%. Sep
.5% Sep
300
32 7a
Corp
Motor
Low
common
Central RR
Amer
Last
High
7*',;
Week's
Friday
y
Range Sines January 1
?•
>?•''*
e
North American Cou—
4
for Week
LOW
Martin
OCTOBER
STOCKS
Range
of Prices
Iron
Laclede Gas
ENDING
Sales
Week's
Last
Bals Trice
Interlake
WEEK
FOR
6% July
7
8
Jan
17
Jun
237a July
9% Mar
—
;j;ji
———————
Cleveland
Graphite Bronze
Corp
Cliffs
Natural
Consolidated
(Un)«
1
Railroad
f
■>
i
•
/.
'
6074
•'•
1137a
'
52
Sep
77
Sep
34%
Jan
60
Wayne Screw Products new
27a
2
1,140
1,300
Sep
6% May
Oct
4
•
Apr
Feb
May
427/a
May
•41%
Oct
75
Sep
23%
Jan
J,.'-: 83%
com
Apr
974
;'
Sep
6074
Lii 87
20
Warner
Jan
/ 19
.112
•
»
607a'
Sep
.
193
al07a al03/4
V.
•
•
383
•
M a42.7e a427/a
•V,
___
(Un)
22
a463/a a477a-
4
Electric Controller
21
v
(Un)__ —15
Eaton Manufacturing
Erie
217®
109
.72
a577s a587a "
>
3
_.
Gas
11
all03/4all0%
■
Apr
71
Feb
"'
Firestone
Tire
&
Rubber
(Un).—* —25
•
•.
Gabriel
(Un)
Co
General
.
Rlertrte
General
Grav
Drus
Great
(M
common
^
1
Industrial
Interlake
Interlake
Iron
^.•
&
(nn)
Tile
Y
Ohio
Oil
Patterson
Radio
•
For
of
20
27
90
51
36
52%
107
30
Sep
■
r
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Jan
52 7a Sep
105 7a
127a
93/4
60
Listed
FACILITIES
—
Unlisted Issues
11
Direct Private Wiroi to
Jun •:
;
ALLEN A CO., NEW YORK
Aug
51
May
557a May
1097a
Jan
-
*
<Un)
-
Eng
0
5
page
1757.
26
•./"
SCHWABACHER A CO., SAN FRANCISCO
>
210
Jan
West 7th Street—LOS ANGELES 14 —TRinity 4121
.112
3374
Sep i&v
126
11%
Sep
10
420
.
•
_r
i
V
■
1,300
TO:
247a
alOTt al074
a 15
72
Jan
-Y
?
,
7a
37a
Sep
413/4 May
87b Apr
143/4
Sep
353/4
Jan
327a
Sep
41%
Jun
19 7b
Feb
,.
*
Sep
7• .7;
Bros
472%
Corp
Feb
19
Jan
Broadway
34%
Jan
Byron Jackson Co
10
Sep
.
Bolsa
Diamond
Chica
Oil
Dept
Stores Inc
30%
Range Sine# January
:\Low
High
1
3%
2774
Sep
41
Jun
30
527b
Sep
55
July
1.05
1.05
1.10
2,200
3 78
3 7a
300
772
7%
7%
1,385
l
57b
53/4
6
600
51
52
1,659
a23% a237a
50
common..'
*
Jan
100
300
53
1
67s
37b
2
:
Hiah
30% v
53
1
Corp
Corp
37b
•
50
Berkey & Gay Furniture Co
Blue
Low
l
common
Barnhart-Morrow Consolidated
47%
15%
Shares
.
for Week
Par
preferred
29% May
277a Aug
9
''
Bandini Petroleum Co
Barker
25
30
Sales
Range
ef Prices
"
2374 Mar
Sep
Sep
Week'*
Last
155
.
Friday
Sale Prlee
40 Tr
197
:
STOCKS
53% Jun
22% May
Jan
Angeles Stock Exchange
Apr
V
60
2774
15 7a
Feb
Oct
163/4
59
Los
?
Jan
173/4
53 f
27
243
34
247a
a
-
17%
V
:
129
4%
2774
>
Sep
Feb^
3574 Aug
53% Feb
40
132
18
*
Feb 4.
457a
Mar
9
Jun f
20%
'
127a
al53/4 al6
v
-•
54
..
Sep-
100
30
a22 % a22 7/b
♦
—50
Sep
Sep
52
34
-
10%
37
"53
167/b
m
1
55
42
..
(Un)
75
,
53
*
36
123
a3578 a373/a
127a
,
43/8
see
<,•
'46
"••;
3774
a287/a a287/a
footnotes
146
•
"
m
(Un)
&
39
Sep
7b
31
40
'
52%^
107
all 7a all7a
;•/?; 3774
B
Amer
Electric
v
27
•
*
(Un)
RR
23
54
'
107
Angeles Stock Exchange
323/4 May t
O
Sargent
Corn
Reliance
Sep
10
Mfg
RR
class
Pennsylvania
21%
52%
•
__
&
Central
Brass
132
BROKERAGE
AND
?
77 -/ Apr
'
•
& Trans
Metropolitan Paving Brick.
N
Sep
Sep
a41% a42%
(A G) class B
Medusa Portland Cement
Ohio
Member Los
,5674 Jun -i
88 7a Apr/
,
.
63 5/b
51' vv
27
•
McKee
National
FAIRMAN & CO.
!
25
54
«
Laughlin
Acme
Jan
Jun/
80
-s
KelJey Island Lime
Lamson & Sessions
363/4 Jan
19
80%
% a71Va
23
,,,,
(Un)
Steamship
National
Sep
Feb
^
V-'.
Jaeger Machine
Jones
50
37%
27
B'
*
pfd
*
Ravnn
126
*
_
cum
COMPLETE INVESTMENT
15% May
Sep -—•52— Feb
Sep
'96
a 69
-50'»
47*
A)
37%
a56% a56 7b
100
(Preferred
Hanna
•
89
'
■
a39 7/8 a407a
-
•
_
10 7a
53
a 39%
a39% a40
Towing common
Cooperage class A
Bros
J
•
Lakes
Halle
-
a52% a53 74 ;
■
Z
•
common.
Stores
Grief Bros
a38
5
common
Goodyear Tire & Rubber
573/4 Sep
91
a6274
v
-m.yr
1.
10
F)
a62.
all 3/4 al2
)
Motors
(B
••VC'A-.
..
1 nn
General Tire & Rubber common
Giidden Co com (Un)
Goodrich
;
60c
3
Sep
May
Sep
1.75 Aug
6
Jan
Feb
9%
Apr
5ya Mar
774
Jun
6%
48
Jan
70% May
317a
Feb
40
Jun
/
THE COMMERCIAL & FINANCIAL CHRONICLE
1752
Monday, October 7, 1946
OTHER STOCK EXCHANGES
RANGE
Range
Central Investment Corp.
Products
Certaln-teed
•
11'A
11%
Fuel
——•
38%
Iron common
&
'
89
,
Creameries of America,
Farmers
clasp
Stores
Fitzsimmons
General
General
Paint
Corp
Motors
Corp
Goodyear Tire & Rubber Co com
Hunt
Car
Motor
Hudson
Inc
Foods
:
a
18%
'•*.
1
,*■•>
V:
■■■:'
.
-
a9%
12%
535
12% al2%
J;V-,;50
52%
53
>>
20
20
->
26
26
*54% *56%
a54% 1
33 %
Jan.
Studebaker
Feb
Swift
2.70
Jun
Texas
Jan
Texas
385
&
Gulf
16%
V:
Jan
Jun
Un'on
Carbide
Pacific
Jan
20%
Jun
17%
J
38%
Sep
33
Jan.-
50
15%
27
C
.
Jun
1.95
1.35 Mar
-2s:-
4
Lines
United
Corporation
Steel
S
V:
May
:
May
>
{
10% Jun
6% Sep i
85c
20c
Feb;.
9%
10
1,480
al57/8 al57/s
35
9%
.
10c
1.15
1.50
28%
^"1.20
28%
1
.
Jun
42c
Oil
Company
Petroleum
Merchants
Mt.
Oil
Diablo
20%
Feb
2.30
•
Western
Union
new
Co
Tel
;
National
Lines I no
Ltd
City
Nordon
Sep
42%
Sep
Oil
6%
W)
10
(F
Company
y
1
Rice Ranch Oil Company.
Oil
>
Corp
10%
1.15
1,600
1.00
Jan
1.50
•
.25
•
55
59
Warrants
15%
Roebuck
40
Sep
45%
Jan
58 :
Sep
65
Aug
1.%
S
Pub
General
Penna
21c
:—
•
Southern Calif Edison Co Ltd com
25
Sinclair
\
Corp
OH
r;
5%%
88,700
1.45
10,325
16 ya
715
15%
30 V2
SeD
30%
of
Co
> >V
~
...T1'
Bunray Oil Corp.....
2
Transcon & Western Air Inc
h
39% July
Feb
2« % Mar
81%
.Sep
42 Va
40
Sep
697/a
Feb
>
Jun
42%
1,093
8%
978
13% al4%
90
15
1,751
a31% a33%
59% Aug
7% Feb
14
.
May
.-
15
25% July
Sep
14%
21% May
Sep
148
14%
14%
a32%
-
12%
13%'
20%
1,014
41 %
40%
41%
285
52%
51%
53 Va
41%
41% >
3,332
\.v: 90
40%
Fen
70
12%
12%
12%
576
11%
Sep
17%
7
Sep
17
1%
Sep
5%
Sep
9%
Jan
Sep
24% Sep
27%
Jan
——25
•
—
A
Preferred
Co
Yosemite Portland Cement pfd
■
:•>
O*:
107
Mar
Sep
27 %
Company
al5
Sep
33%
Mining
Co
Jun
50
7%
1,064
5%
22
1,853
1,178
27%
4,439
40%
605
38%
4,300
24%
*27%
Feb
•••
21 Va
25%
25%
38%
38%
27 Va
26
27%
•
28%
28 "Va
5%y
29
a-
118% 120
v
20%
198
t
16
Reo
Sun
200
62 %C
Jun
1.05
Feb
49 Va
July
30% May
33% May
121% May
23
Apr
46%
Jan
101%
Sep
23%
1,075
22%
Oct
98%
98%
10
98%
Oct
common.
18%
19%
270
17%
Sep
22 Va
22%
73
22%
Sep
common.
Co
Paper
44%
46 Va
73
44%
Sep
60
63%
114
6l7/a
78%
200
2
Sep
Oct
4%
Feb
1
Jan
4%
Feb
3%
Sep
5% May
Oil
Mining
1
—
Corp common___25
1%
25
Investment
Transit
3%
Preferred
corp
100'
1%
4
.
1,896
3%
3%
300
3%
i
47%
1,188
46%
20%
814
19%
34%
152
27
33% Aug
Sep
-
Sep
Jan
24c
20
Coal
Westmoreland
Jan
;
July
7 Va
Sep
34
33% Feb
Sep
19 Va
•
—
r
Sep
47%
common
preferred
United Gas Improvement.
Feb
25c
Sep
Jun
Jan
56% July
30%
Apr
47% Mar
Feb
12%
Jan
22%
22%
3
100
Motors
Scott
Jan
47 Va
Oct
117% July
20% Oct
31
Jan
May
2%
Sep
5%
118%
80%
Sep
21
'v'
15c
: ;Vv
Apr
55%
Jan
—
____10c
1
25c
Jan
26%
Apr
15 V8
20c
10
Mng Co—
Cardinal Gold Mng Company..
Gold
Sep
-20
30
al5
>>
26 Va
Sep
Sep
20%
Pittsburgh Stock Exchange
-
Juneau Gold
Calumet Gold Mines
Zenda
102%
350
62 %c 62 %c
10
'■
-
Mining Stocks—
Alaska
10
28% May
Sep
20%
20%
1
Inc
Air Lines
Western
■
Sep
19%
40%
-
•
91%
102% 102%
•
Universal Cons Oil
10%
210
62%
Reading
United
1,244
22%
21%
22
10
of California
Oil
•
1%- & 2Va
1%
$3
Union
-
7% V
V.V
—*
Wire
Corp common
3%% series A pfd
Tonopah
a
963
•
100
preferred
Insulated
Jun
310
:
90%
;
Jan
37
•
44
4.4%
Jan
175
;
8
al3%
5
Corporation
Transaraerica
20%
131
31
55%
8
♦
50c
Inc
Textron
Sep
1.80 July
1
Feb
87
•
50
50
•
Salt Manufacturing
Philadelphia Electric Co common
$1 preference common
32 y4
30 %
44.
Jun
Mar
30% Mar
54%
:
8c
19c
1,183
3T.iv 37:'
i..
,♦
Calif
.
30%
Company
Paciuc
Oil
>
a32% a32%
.
doutnern
Standard
29c
Sep
593
16
—
a32%
25
25
25
preferred class B
preferred class C
So Calif Gas 6%
pfd A
6%
24c
1.20
1.20
Jan
87%
•
Pennsylvania RR
49%
Feb
140%
Jun
!: 11
50
Light
&
Power
34% May
65
Jun
38%
20
420
1
Jan
Jan
'26 Va
80
12'/a
20
Corp
Sep
53 V2
Sep v
81% Sep %
21%
•
36 Va
148
200%
'
12%
common
24%
Apr
Sep \
Sep
170 Va
*,<
10
5
Motors
Brothers
228
56
930
11%
Pennroad
4% May
High
42% May
>27% Jan
237
28%
21%
National Pr & Lt ex-distribution
20 Va May
Sep
Low
30%
172% 175%
Light
Battery
Lehigh Valley RR
1.20 May
Sep
Range Sines January 1
High
11%
common
Lehigh Coal 8s Navigation
j:' IIV2 May
Sep
Co
Power &
100
—
1
Co Calif
Signal Petroleum
Shares
0
38%
—
Sierra Trading Corp....—__..^.__.2bc
for Week
:S 172%
Corp
cnrysler
*25% a25%
30
Security Company
: 26%
*
Electric Storage
200
55
Feb
39Va Jan
Jan
60% May
.
Sep V
Feb
Sales
Range
of Prices
13
Co
Delaware
1%
38%
51%
Oct
25% Sep
'
Budd
Jun..
45Va
Sep
7%
—
21%
770
Week's
Friday
29%
Locomotive Works ▼ t e
Baldwin
Apr
14%
•
Co
&
63
Stores
Gimbel
•
Inc.—.—.—
Stores,
Safeway
155
:;
Tel A Tel—
American
Penna
Bears
'•< 11
Low
2.70 Feb
52 %c Mar
•
300
Last
Jan
337
>'■
1
590
21%
Sale Price
Aug
40
1
•
*
>
21 Va
Philadelphia Slock Exchange
Curtis
40
7%
1
...
common
37c
60 %
40-
.i-.:,
19 %
9
533
60%
Sep
Sep
Sep
1.25 Apr
4,950
a39% a41%
!
.
16%
13c
125
5,200
1.50
96% Feb
22% Aug
Sep
'
Jan
1.40
66V* Sep
18%
320
•
26 26% £
X|:'- IIV2 11%
a49% - a49% a51Va
Apr
all% all%
—
a39%
Republic Petroleum Co common..
Richfield
Oct
16c
160% Apr
51% Jan
36% Jan
7yB Jan
22
Sep
3V2 Sep
:928
*
26%
97V2c July
Feb
5%
■16c
19%
V'
Jan
200
al7 al7%
—25
Lighting Corp common
37c
8%
Sep
1.10
16c
1
Co
1st preferred—.
Pacific
2,800
3%
6
6
1
8s Elec common
Gas
75c
19
21%
12%
Inc
>1.75 Apr
97%c July
57/a
;
1
Northrop Aircraft Inc
Oceanic
62 %c
70%
>—
-
•
A
Motors
Jan
1,260
—
Corporation,
Pacific
4%
37Va July
45
50
a3%
69%
;
.
—
Westinghouse Elec & Mfg Co
Willys-Overland
Jun
27
300
1.00
4%
160% Apr
90
;
Jun
Aug
119V2 Apr
Sep
115
a22a22%
a3%
92
Jan
1.15
15'A
175
1.00
—
4%
70c
..
1
Co
& Dev
Mng
_
"
^.^Lul'
Corp
Pictures
Monogram
Company
4
1
1
Co
Manufacturing
Menasco
-1
—
134
a95
a29% a29%
;
STOCKS
Mascot
24
Sep
>10% Sep
Oct
9%
-
.
T14,143 t
287/a
•:
Aug
.
60%
18%
f 1.55 Feb
Sep
2,300 ;
30c
(Del.)
67
75
all7% all9%
all7%
5
•
J
Mar
48'A Sep
a94%
10
*
33% Sep
.53
85
a50
—
100
Co
Inc
Corporation
Warner Bros. Pictures
Woolworth
1,900
25c
al9%
•
Corp
•
85c 92 %c
Corp
20
50
180
76% May
38
July
> 41
July,
Apr
235
v.
Aircraft
U
Jun
76
Railroad
Air
United
May
Sep
Sep
150
16%
30
Sep
25
i 57
Carbon
&
United
Feb'
79%
SeD
50
1,300
a6%:
*6%.
8
15%
Sep
Sep
950
57%
49% May
Feb
64%
685
52% May
Jan
•
a50
a49%
10
Tide Water Assoc OU
-10%
I', 66
a30% a31%
a30%
y
Jan
57
38
Jun
juiy
al9% al9%
♦
Sulphur Company
July
47 V2
60
66%
57 %
__
57
37
a21%a23%
a32% a32%
a21V4
25 >a32%
25
66%
.
Jan
-(July
18'/a
'••
-
40
Sep
-
-
18%
14%
146
a40'/a a40'/a
>
Sep
25% Sep
305
'v
a41% a42%
'66%":
"10
325
a36% a39Vs
_i.
a41%
1
Corp
Company
Co
^
'/.v"'-- > High
Low
\
629
al4!A al4%
25
19%
100
150
:
ir
1.45
1.40
1
Co
(N J)
Sep
8%
2,104
25c
Lockheed Aircraft Corp
Co
20%
Sep
"
s
/
90c
Co
Petroleum
Lincoln
350
Oil
28%
.
Range Since January 1
..
' '
10Va
27%
-
'
25
Standard
10%
-
a37%
*
(lna)
Sep
May
60c
,
•
v
Shares
High
al4>/4
:
Co
Union
12%
10c
Weils
Inc
Ou
Sep
13%
70
Kaiser-Frazer Corp
Lane
Co
Brands
Standard
;
f :
18
Railway
,
<
Apr
98%
May
18%
30
lOo
Jade Oil Co
f 90
2
w-•
i-u-l
Petroleum Corp
Intercoast
60
i
*
'
•
a9%
*
—6%
Company
common.
Hupp Motor Car Corporation
Corp
Bo»naard
a340
*
Holly Development Co
Southern
Feb
Apr
512
a
•
Bocony-Vacuum Oil Co
45 Va
a340
_•
*
1
Jan
31
5,000
12%
common
Apr
23%
Jan
1.85
S
Gladding, McBean & Co
136%
Sep
Sep
14%
al2%
52 %
common
Sep
Steel
for Week
Low
•
10%
>'
34%
14
--2
10
Corp of America
Republic
21
1.75
—1
A
(The)
Corporation
Garrett
Radio—I
&
Radio
835
"
1.80
1
Bank—100
Nat'l
Television
Farnsworth
al8%
Aug
550
V
14
4
Ltd class A
Merchants
&
40
22
a81% a82%
—
50c
Industries
Electrical Products Corp
Exeter Oil Co.
'■>*
*
Douglas Aircraft Company Inc
Dresser
39%
21%
i
Inc
May
25
82
777
^
33
Sep
Sales
Range
of Prices
I:Par
Sep
•
16%
460
11%
•
consolidated Steel Corp
h 22
125
>310
87%
5
Chrysler Corp
Colorado
24
177/a
.
17%
17%
87%
1
Last
Sale Price
High
Low
'I; Week'*
Friday
4
Range since /aana*"
High
>>24
100
Corp
STOCKS
Shares
Low
4
OCTOBER
ENDING
for Week
of Prices
Last
8alt Frio*
STOCKS—
WEEK
FOR
—
Sales
Week's
Friday
Last V
K 8
Range
for Week
of Prices
Sale Price
Shares
Range Since January 1
'
:y;;
Stocks—
Unlisted
&
Allegheny
San
Stan
Rad
Smelting & Refining Co
Armour &
Atlantic
F Ry
Aviation
434
173%
Sep
>
330
35%
Sep
295
10%
Sep
85
232
110
7%
*21%
Feb
119 %
>
50
Jun
May
Columbia
Jan
Mountain
50%
Apr
National
112%
Feb
Ohio
Sep
52
Aug
a42% a42%
75
52%
>
52
Aug
54% May
Jan
Case
I
J
Railway Co
25
Service
Cities
Gas
Commercial
a24 a24%-
r:
9%
23
205
25
a32
a32
35
3%
3%
544
•
Zellerbach
5
Corp,
Curtiss-Wright Corp
a21% a21%
a
C...
>
11%
1
;
6
-
*
General Electric Co
•
Corp
Motors
Great Northern Ry Co
al6
•
-P
a43 %
35%
*
70 >
32%
Sep
23%
Apr
v*
>
12%
Sep
50%
Feb
Sep
60% May
preferred
•
43 Va
43 Va
>
260
17%
17%
50
15%
Jan
14%
15%
7%
755 .V
*
7%
1%
36%
8
;•
8%
75
1%
1%
100
23%
23% 'f
20c
11 Va
29 Va
29 Va
30 Va
>
25%
25%
27
•
15c
Iron
♦
Corp
International Nickel Co
of
Canada
"allVa
•
30
International Tel & Tel Corp
Kennecott
Copper Corp
Libby. McNeill & Llbby
30
7
•
Montgomery Ward & Co, Inc
New
York
Central
North
American
North
American
Ohio
Oil
,
RR
75
30
195
al7% al7%
•
Loew's Inc
allVs all%
•
50
45 Va
46%
250
107/a
10%
200
27%
27%
160
a70% a73%
•
•
15%
340
•.
29
May
51%
11
Sep
20 Va
30
Oct
42
Company
;
100
27%
343
,
Sep
24%
:
Motop Car Co
Paramount Pictures
16%
31%
Sep
New
St.
41% Sep
10 Va Sep
27% Sep
60
Missouri
99% May
11
Phone
CEntral
Exchange
Bell
Trade
15%
11%
570
26
297
»
a23
a22%
a23
65
6%
6%
267
6%
Sep
12%
t 95
620
29%
Sep
36% July
a31% a32Vs
i
'
Pennsylvania Railroad Co.
+
Phelps Dodge Corp.—
For
footnotes
see
s>o
26%
...25
PullmaD Incorporated
Pure Oil Co
•
•
page
1757.
,
,
a33%
-
•'
a50
26%
a33% a33 7/a
a50
\'
Sep
24% Sep
19% Feb
22Va' 22%
185
25%
Sep
•33% Sep
175
a51
»
7600
Teletype
SL
503
.
Apr
66% Sep
14% Sep
Stock
Apr
40%
15%
a32%
Jun
Jan
Apr
15 Va
25%
1
41%
39%
:
1871
Exchange
Stock
York
Louis
Chicago Stock Exch.
Chicago Board of
New York Curb Exchange Associate
Feb
11%
•
Feb
28% May
Sep
35%
.
St. Louis Stock Exchange
Jan
16%
Jan
Sales
Week's
Friday
stocks
36% May
Last
Range
for Week
29 Va July
Sale Price
of Prices
Shares
Range Sine# January 1
-
Packard
Jan
24%
Unlisted Securities
Established
Jan
25%
J
60c
.
Jan';,;.
"
4th St., St. Louis 2,
300 North
May
396
l
Co
Feb
Edward D. Jones & Co.
Feb
10
Aviation Inc
Feb
2%
27 Va Aug
Sep
5%
Jan
14 Va
•
Sep
12%
Jun
2 % May
48%
;
May
125 ;•'"
Members
Interlake
Sep
'
Oct
22
: 2,050
■V -..
13 va
*
v 1% May
;
306
13%
11 Va
:
8
?
Feb
July
17% Aug
Jan
20 ■;
15c
13%
*
22
Mar
32 Va
Feb
20%
34% May
6% Jan
170
y;
•r—
10%
,
100
36%
"8
>
1,100
1%
i%;
St. Louis Listed and
/&!•• 157/a Jan
43 ya Oct
782
Sep
U
15%
53% May
6%
6%
Jan
20%
Feb
Sep
6%
13%
10
13%
> July
34
Feb
33%
118
a43 Va a44%
15
22 VM
13%
Jun
29
.
Jan
40 '
y27% Sep.
6
Sep:
19
Sep
38%
1
Sep
25 Va Mar
22 Va
i::'''
1
5
Jan
24%
.
Jan
15
Corp
V
Feb
Jan:
5% May
Sep
11
655':
39%
2%
80
205
Jan
31
14
,,
Apr
100
g al6 al6%
39%
31
385
6Va
al8 al8%
Electric Power & Light Corp
I.:'*
a28 *28%
.
United States Glass common-
Westinghouse Air Brake
Westinghouse Electric Corp
100
25%
com—12%
—
3
26%
25%
13%
—
Springs
Jun
31% May
Jan
Steel
Jan
41 '
13%
,
Sep
2%
Standard
Sep
Sep
11
>
-
*
San Toy Mining
17 Va
488
26%
—5
1
1
1
•
——i
100
•.
60% May
Oct
y'1:-
mm
*
Co
78 % May
Sep
—
Mfg
■
High
37% Jan,
•
10
>yA-
'■
•
5
10
Corp
Oil & Gas
51% May
22 Va
>
250
Ruud
mmm-
10
Fuel Supply
'
Mar
30%
30
al2
Sep
9
20
•
Feb
22%
Sep
Sep
Sep
23%
250
23
1
1
Foods
18
9%
Continental Motors Corp
General
59%
♦
.
Commonwealth & Southern Corp
Cons Vultee Aircraft Corp
Graham-Paige
39
135
„
•
Corp
Corp
Commonwealth Edison Co
Crown
100
a61% a657/s
10
Electric
&
13
a36% a37%
•
Co
Solvents
250
13%
25
Co
Caterpillar Tractor Co
Columbia
13%
5
Fireproofing
19
3
Av •'
mmrnt-
.
LOW
-
200
10 Va
9 Va
———10
Pittsburgh Plate Glass
Pitts Screw & Bolt Corp
Renner
Pacific
Canadian
Corp
142
10
18%
—-—„—10
Harbison Walker Refractories—
*
Lone Star Gas
10
38%
90%
Commercial
V
43%
10
10
*
*
1
—
High
41%
mm'
Follansbee Steel
Sep
122
Electric
Duquesne Brewing
Sep
135
&
Low
Par
*
100
preferred
Co
!
Co
Gas
Continental
34%
Feb
Gas
Devonian Oil
20%
140
a46% a47 %
5
Feb
Nat
Blaw-Knox
14%
a957/s a98%
a97%
; i
•
'Aug
51
18% May
Steel
Ludlum
Arkansas
Sep
7
200
__
&21
15
Corp
34%
Apr
198
Oct
> 85
315
a36% a37%
.j-
68%
•;
11%
172% al75%
13
Border Company
Borg-Warner
a37%
—.—5
Bethlehem Steel Corp
>
Sep
85
100
25
Works vtc
47%
Feb
23
14% Sep
a37% a37%
a
a38 a38%
3
Corp.—
105
5
Co___..——.
Baldwin Locomotive
847
50
Corporation
Aviation
14%
:
11%
172%
100
Co
Refining
Bendix
*
Copper Mining Co
Co (HI)
T & S
Atch
Corp
Tel & Tel Co
Anaconda
14%
; a49% a50 %
•
Amer
Amer
American
y\ y
52%
Sep
225
20%
Feb
.-."h*
47
Feb
46% May
52%
Par
Sep
28% May
High
Low
High
Low
Feb
"
American
Brown
Shoe
commoru--
common-^.—
Electric
Century
Coca-Cola
Columba
Inv
Co___
15
—1—10
1
Bottling common
Brewing
common
"
35
5
25
12
33%
12
_r._r—1
•1,
7%" * 8
27
15
27
15
V*"*1
-
210"
•
215
100
50
11
Mar
15% July
45
Jun
"33%
Sep
7%
Sep
10% Feb
Sep
35%
26
15
Sep
24
Feb
Feb
,
.Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4531
■»
•'•;!/
-
•-
' ">
'
i
t
v t "n !
*it
1753
Yy.
OTHER STOCK EXCHANGES
RANGE
STOCKS
Friday
Week's
Sales
Range
for Week
of Prices
Shares
■'•Last
Sale Friee
'
-
Emerson
Electric
General
Brew
Hussmann-Ligonier
Park
*
!
53
—■
—4:/,
common
—
Preferred
International
Shoe
41
22
25
24
-25
3
33
75
38%
2%
'
Feb
Missouri
Apr
Jan
Oct
"U Jan
8
31
Sep
52 y2
38%
363/4
Sep
50
Jan
15
15
50
15
Sep
15
Sep
•
49
49
36
20
Feb
63
Aug
120
Serv
Pub
class
A
Shoe
Knapp Monarch
new
common
common
CANADIAN
RANGE
'
-
Last
'
Sale Price
r
Par
Abitibi
Power
$1.50
7
&
Paper com
'-V
•
preferred
17'A
.
Agnew-Surpass Shoe common—.——*
Steel
4 Low
35
Secord
for Week
Lewis
Range Sine* January 1
Low
High
17%
4.797
.
MacKinnon
Mar
14
4,605
15%
22%
Jun
'
Sep
21%
Apr
Preferred
•„
100 C
—
-i
.
Aluminium
Ltd
Aluminum
Co of
Argus
Corp
4%%
>
Canada 4%%
39 %
193
37%
Sep
53
346
50
Sep
48 % Jun
73% July
26%
85
24
Sep
333/4 July
Friday
■
McColl-Frontenac Oil
200
29
Oct
40
May
:r;'#4io
16
Sep
26
Feb
MoJson's
Breweries.
100
305
100
May
103
Jan
Montreal
Cottons
175
162
130
Jan
227
May
7%
Corp
35
26
576
25%
26
10
.
1,000
94
/
15%
lS'/a
20 %
Sep
Sep
Beli
Power St
Paper class A
•
Telephone
20%
100
-
*
I
Montreal
/
Montreal
15% Sep
17% Apr
181
Sep
24
Apr
f
Sep
Jun
v
Rights
Brazilian
6%
Trac
Light
British
Columbia
Products
Power Corp A
Gold
Calgary
3%
3%
29 V*
29 %
7
//■
2-/4
$'•:
22
>
28
100
.
15%
77
*
-7'
77
J
Feb
16»/4
Aug
6
25
5
Jan
12
80
80
10
80
Jan.
15
15%
1,845
13%
21%
21%
390
16'A
Jan
21
21%
Sep
Jan
July
85
15%
:
23
Apr
•
26'A May
33
Apr
24
34
195
29 %
Feb
12
12
12%
147
12
Oct
15
Jun
40
40
40%
356
40
July
42
July
.19%
193A
17%
i8y2
.35
.35
250
,
y
Sep
37%
Jun
•
19%
.•
18%
100
25% Feb
May
Feb
18% Jun
2,013
770
16
30
Jan
22
56
Sep
5
■
x
.
May
Drug
*
enmmnn
I
preferred
r
...
45%
14%
•
23
43
r*
Jun
;
Oct
14%
Oct
\\
21% Sep
2^% Mar
2,792
Sep
14%
500
25
1
35
25
•
49%
46%
Ogllvie Flour Mills
•
28%
common
Preferred '«
V
Ottawa Car
Jun
f
Ottawa
35
Sep
:
Jan
77
25 y2
'•
t
Sep
100
6
Placer!
•
Development.
River
29J
182
;
Aircraft
L H & Power common
100
.Preferred,' __iqq
24'A Feb
75
11,903
28%
5% May
Jan
25
49'A
25
*
Noranda Mines Ltd..
29% July
60
14%
25
x
270
45%
14%
45%
i
:
/,
30 y4
Apr
| j
52
May
31
t
23%
230
23 Ya
Sep
34
Works
Steel Car
Sep
2%
.
Jan
14
100
Corp
Niagara Wire Weaving
v.
Jan
May
14
360
19%
..100
19 % May
200
15%
77
:
568
30
28 "
273/4
—
5
.
■"
22%
Sep
5 y8
Jan
27
100
3
22
•
Dredging
Power
2-/4
4,275
1,350
;
7 V&
30 Ve
6
Sep
20% Sep
27/a Sep
13,338
23'
•
Mills
Building Product* class A
..
iv 22%
3%
•
Silk
Bulolo
22%
•
Class B
Bruck
6%
*
•
Power
*
Columbia- Forest
85
105
24
common
Locomotive
National
'
British
High
.
20
14%
-
34
Tramways
National
216
178
652
183
Low
20
14%
,
18%
370
181
Range Since January 1
High
•
Montreal Light Heat & Power Cons
Feb
35
Apr
Jan
102
Sep
6%
Low
•
«
Preferred
'
V-"1'
20
•
(Robert)
Rational Breweries
Bathurst
•
Shares
Sep:
:
12
94
23 ?
'
70
19%
27%
26% July
365
73/8
94
•
Ashdown Hardware
263/4
26'%
:7%
100
Sales
,
for Week
(
•
165
__
*
preferred
Week's
Range
of Prices
100
35
'
May
38%
common
Massey-Harrls
l
49 %
26%
-.3
Steel
100
171
7
pfd—25
common
conv
Asbestos
•
Struct
183/4
.
Sep
51%
14%
35
,
343/4
Aug
6
Candy
18
—
330
Jan
16%
59% May
4
; Preferred
/
46%
Oct
■Jan
523A
Brothers
Hi0h
16%
-
35 V*
113%
38%
25
Par
Laura
£• 16%-17%
183/4
—•
common
32
MARKETS
OCTOBER
Mitchell
Algoma
40
100
Last
Shares
Jun
Oct
30
12
«
Jun
30
*
American
I
of Prices
17
'
20
.
35
36%
Sep
39
11%
Sale Price
'
7
50
30
30
Sep
Sep
*
10
common
Sales
Week's
Range
Friday
Jun
Mar
20
¥
Funds
Canadian
275
3y
Montreal Stock Exchange
1
20 %
1
STOCKS
STOCKS
193/4
193A
10
common
Motors
ENDING
23
28
v'xv
.
Electric
LISTED
WEEK
FOR
100
27
19
24%
Sept
13
135
35
General
North
157
21
_*
com..
Baer St Fuller common:
Unlisted—
15
20
24%
25
com
High
Lou)
14%
20
Wagner Electric common
Jan
38
,
,
Cement
Range Since January 1
High
143/4
25
Dry Goods common—
Louis
St
Btix,
Low
ft
com
___
General
Johnson-S-S
Shares
20
common
Portland
Rice-Stix
Prod
common
32
!
Clay
McQuay-Norris
y2
*
common
Steel
Jun
30 %
Apr
56
313/4
Sep
22
Laclede-Christy
Laclede
68
Mar
22
.
-
33
•
•
50
..
Jun
116
2%
100
*
Sep
Sep
20
for Week
of Prices
Par
;
.
Jun
27%
30%
22
Hydraulic Pressed Brick common___100
Oct
113%
53
Range
Sale Price
High
10
24
x
Last
107
32%
52
*
common
common
Brewing
31%
14%
Sales
Week's
Friday
STOCKS
Range Since January 1
50
113% 113%
1
4
':
Low
14%
OCTOBER
ENDING
V.
'
High
14%
t
100
common
Grlesedieck-West
Hyde
U
—....
Shoe
4
common..——,
Preferred
Low
Par
.v
WEEK
FOR
Sep
72
Jan
26 3/4
Sep
35
Apr '
■
175
Jan
182
Jun
.}
6
Jun
1,430
5 -- 63
■•r./ 25
182
'■>a,
45
6
163A
55
16
115
102
..._i
20
Mar
102 102%
Feb
16 3/4
102
14%
Apr
103 l/a
1
.
Apr
1
Feb
23
14%
Oct
28
Sep
10
Sep
17%
Jan
'
..^45
Sep
73%
Apr
,
450
14%
:
Feb
8%
v
"
Canada
Cement
$1.30
.
——
Forgings
Canada
•
Northern
class
A
19 3A
< :
30%
19 V2
Power
Jun
1
Powell
30%
Oct
T
Power
Sep
29 y2
Feb
i
9
Sep
14»/2May
t
303/4
380
26
26
5
9
9%
120
l4»/2
14%
540
14%
Oct
473A
48
311
47%
Jan
9%
•
preferred
Jan
Sep
1,405
30
/
•
Corp
14%
30
24%
20
-*;X'
*
Canada Steamship common
.5%
'/
100
common
preferred
Canada
.14%
.
50
y
>
22%
.
t
"
•*+
'
-
'/*
.
Canadian Breweries
Canadian
Bronze
■>
.«
v»
Preferred
•;
;
Canadian
100
7%
preferred
J
B_
Foreran
Investment
41%
25
34%
14%
/
1
Prefen-ed
.
Dominion Steel & Coal class B
Dominion Tar & Chemical common
19
13%
800
12%
83%
986
77%
Sep
20'A
2,685
32%
34
801
i 16V2
17
,90
29%
"30
15%
4,881
25
26
25
i;
98
Sep
14
37%
51% July
Aug
41%
•
455
23
X
v
205
23%
Feb
25
125
24%
,
262
90
32%
Jan
Jun
106
104'A
pfd_100
102
155
Feb
Jun
May
28'A
Jun
98
4%
A
Breweries
new
& Sons
class
Canada
Standard
/a
Tuckett
A
,
f:
,|V:
/
Feb
Jun
:
,
<
120
May
Aug
■
preferred
Corp—
•
15
14
15
1,300
13
Feb
19%
20
class A
conv
20%
20%
20%
365
20
Sep
Sep
22% Aug •' V;
Electrolux
Corporation
Players Canad
Famous
15%
30
18
315
15
.18
•
25
50
25
Sep
.
.1
Feb
34
5%
Power
•
common
preferred
5 %%
preferred
General
17%
100
Bakeries
common
I
Howard Smith Paper common..
Preferred
14%
Feb
110
Jan
111
;
•
3%
550
155
15'/2
104
25
6%
435
8
710
"
290
/
7 %
Sep
20%
Sep
109
Oct
12% Sep
560
14 %
27/28
28
Sep
/
,
Industrial
Intercolonial Coal
common
International Bronze
Preferred
' Sep
52% July
•
54
37%
1,685
35
Sep
50
13
2,495
12%
Sep
17%
13%
13%
3,304
13%
Oct
15%
Feb
7 '/a
300
28
200
27
Sep
105
359
105
Feb
Limited
International Petroleum
'Sep
92%
Jun
J
36
"36
10
131
Jan
46
Sep
H
'270
165
International Power
International
;
...
L
38%
39
50
30
32
33
220
8%
2,302
Labatt
y
■
Ser
(John)
Lake of the
8%
Jan
40
Oct
Oct
47
May
30
50
25
108
10
105
23
,23
10
133/4
11%
14%
3,963
99
99
99
10
Ltd
common
39%
59
Sep
1
For footnotes
•
,.
......
common
a
m
see
aa
a—^
page
26
31%
20
100
Oct
100
•
107%
Sep
140
;
2,930
14%
Sep
46
Sep
7,514
;
15
-46
160
356
,
1757.
^
.
"13
26%
36 y2
10'A
.
;
21'A May
Jan
Jan
May 1 i
Apr
27
Sep
95 ;
?
108>/b May
Feb
Sep
Apr
104
X
May
45
60
15
34
25%
Sep
29
28
10
27% July
30
.
'
Feb
Jan
22%
.
;
Jati
193/4
Jan
24
150
21%
Jan
27%
Apr
393/4
Apr
70
34
35
850
24
wJ,33L
20
50>;.: 50
$17,000
40% Feb
''4
vs
•
'
•••
■.•
23,
Feb
16%
466
20
223A
•
-
i
25
,
33'/2
Sep
July
25% July
Jan
'
:V
'J 'r '
Lt Heat & Power
Montreal
due
3s
7
10% Sep
154
..
-
250
190
12%
25
29
Jan
Jan
Jan
50
1949
27%
I
50
Mar
Montreal Curb Market
STOCKS
60
Range
of Prices
.
Glove
Shares
Low
Par
Acme
8%
Works
Power
Brewers
Ltd
Distil1
pfd
8%
A
Class B
Company
common
;
Butterfly Hosier],'
25
20
100
16
1
100
1
f.
26
14
8%
8%
5
4%
70
v
-;
Apr
Sep
Sep
Jan
16 Va
May
13
25
Sep
5
14
Aug
8
Sep
-
8
20%
4%
67%
Sep
.
5
8% Mar
105% Aug
,28%
17 ya
Jan
Jun
11
i
July
8
Sep
596
9
x
175
Jun
Feb
7,622
74
9
•
5y8
733A
Jan
50
714
8%
Mar
18%
25
263/4
14
5
140
565
16
26%
•
12
Sep
Apr
104
Apr
11% May
'
May
s
Canada
St
Malting- Co Ltd
'
Dominion
Canada
Northern
Canada
Packers
Canadian
Dredge
Power
&
"15
>21
21%.
536
21
Sep
29%
Feb
56
56
*56
50
56
Sep
63
Aug
110
110
110
10
109
Jan
1%
40
A
Dock
Apr
106
21%
*
pfd—100
pfd
Sugar
class
108
106
*
100
Calgary Power Co Ltd 6%
t
Apr
37% Apr
441
175
18%
Jan
16% May
'X*:
175
*
Preferred
:;f
18%
*,
Brown
6
175
•
Packers
6 Xr
1
High
Low
8
60
18%
Vancouver Ltd„5
of
Columbia
Range Since January
High
100
common
Glove & Hosiery 5%
&
■•X
Paper Co. Ltd B__*
18% May
28%
■»
Sales
for Week
Week'a
Friday
British
Apr
311 31%
Aug
Sep
.
••
•
May
23%
10,
Bathurst
Oct
6
26
99
159
22%
:/
.
Jan
36
28
,
10
Royal
<
Apr
100
12%
—
Woods
28
X
FeD
Jun
20
-27%
36
273A
Last
Feb
.y 44
12 JA
25%
108
23
Sale Price
13% Mar
100
46
25%
108
695.
j.
Canadian Fund*
Jan
42%
-12
123
.-
Sep
74%
95
83
122
25
Nova Scotia
Canada
46
83
116
38% Aug •-,»
106
107% 107 %
.5
82%
•
13 Ye
..
Jan
16
IOO,
;
Apr :
182
Jan
Jan
25
Belgium
:
20
<
8 V*
3,705
20
•'
"
Jamaica Public
*"■
Corp.:
20
X
223/4
Belding-Corticelli
common
Utilities
1.0 *A
25
34% Mar
-i
.
182
:10
20
29 y2 Aug
14%
182
22%
Oct
14%
182
>' 10
10
Jan
_*
v
9
10
17%
Ltd
Jun
73
100%
..10
25
8%
Co
Jan
106
410
1,240
Commerce
90
.
16
Jan
15
80
Montreal
90
43%
Sep
102
;
25
15
Jan
9%
.•
<
26
International Paper common..
-$4
preferred
5% preferred
16
•
common
preferred v-'.t.
25
30%
Sep
:13%
1,620
79
25
26
•
Apr
Apr
•
common.
•
com
34 •••*
25
100
"_____100
international Nickel of Canada
Apr
Jan
Oct
9%
May
8% May
Jan
7%
28
105
39
'
25
18
101%
Jan
13%
___25
105
..Jan
50
-
79
Apr
Sep
36%
L
Hydro
.
'
Jan
101
British American Oil Co Ltd—
International
,
15
27%;
18.,
18
14%
16 3A
25%
f
38
v, 26
•
common
-27%
..
100
:
Banks
/ 33
Sep
102
.10
--
May
16
14% May
July
.
25
9%
•
com
/ 12% Feb
12"%
7%
.105
-
26 y2 Mar ;
/
13
£1
com_^.
105
-
10
f
Feb
18% Jun
53%
r
100
Acceptance Corp
Preferred
-
Jun
"
y'
16%
"
Preferred
105
•
t
113
July
12
fiViSC'
Feb
;
Jun
Sep
12
225
.
-
39
Apr
36%
.«
r
May
53
Imperial Oil Ltd
*
Imperial Tobacco of Canada common_5
13%. .4
Sep
Feb
106
7 % •; v
20
..J...'*
!:
....
v'»'
May
111
4%
14%
100
Hudson Bay Mining &
Smelting
20
Jan
17%
104
•
Bridge
Jan
17
17%
•
Hamilton
14%
105%
4%
4%
•
10O
Gypsum, Lime St Alabastlne
125
llO'A 110V4
•
Gei.eral Steel Wares
Preferred
111
,4
17%
J09
17%
100
3,146
/
(George)
XI- Bonds—
Gatineau
* 22
12%
•
Apr
22
May
22% July
Mar
25
16
•
1
16
18
l
Corp
Foundation Co of Canada
21-%
t
.
25%
^..100.
Canadienne
Eddy Paper
83
1
Apr
;
9% Mar
Sep
.
24 3A
•
preferred
r
107
...-1,078
V. 6
2,375
-i./
*
Preferred
67o
94
.36
Wilsils Ltd
5rio
93
12%
—
Preferred
Zellers
j
..July
109
common
common
Cotton
Weston
;
Apr
106
94
•
Tobacco
Wabasso
Jan
103%
25
290
21%
*
Power
Canada
United Steel
,104
27
:/-^->i;/-25%
•
preferred
"TonkeBr Others
Sep
July
105
7'A-
...12%
*
Walker Gooderham & Worts
May
26
B
Chemicals
5%
Steel Co of
19'%
14
102
26
,•
Press Co
Southern
102% July
Sep
30
.
105
_*
common
_____100
Ltd
:
;.e%
1
•
•Preferred X
Simpsons
...
:i
Apr
36
830
104
27
.;
100
pfd
common
Southam
( 14
7%
*
50
...
(H)
100%
170
X105
100
preferred
Shawinigan Water St Power
Simon
14
v
y.
5,120
v.
-101.
103%
.
_
805
567/a
100 »/a
.1
405
*30
13%
49%
.
preferredj
St Lawrence Paper Mills 6%
Sicks'
29
11%
.
101
•
Corporation common
Wmnlpeg Electric
Sep
24% m 26
X
May
23
12% Mar
24%
5
>>
Jun
23
100'.
^..^100
Viau Biscuit common
Jan
Oct
97
26
July
Sep
38
70
38
14"%
15%
'J-
42%
38
__
1
Jun
27%
>10
215
.
42%.S
1
//
45 Vo
Power
54
!;
May
30
Sep
13% Mar
181
10 Va
10Ve
Jan
Feb
33% Jun
50
j
K 18% Sep
31%
V
Apr
102%
Jan
•
♦
17%
Sep
41
May
46
Sep
1/29%
26
common
conv
24%
45
.
100
Paper 4%%
Dryden Paper
Sep
43 ,//43
10%
ii
...
Donnaconna
Jan
14
i:"yi 42%
25
Preferred
Dominion Textile
15%
3.940
50
100
VTC
290
I
—
100
f.
I
4
25% May
Sep
'
81
33
*
common
common
:/■>
:
••
jLiawicnce
x/v V T c
;V
Jan
Sep
:
£;■
July
26% May
22 V2
.
■ i,
Apr
53
Sep
s. 30
2S
:.
1,800
17'A
Dominion Foundries & Steel com.Si
Glass
July
Si 30
19% ir 19%
1'
Siy
•
32
;
.600
14%
43
,
-
•
common
155
v
!
Aug
27 Va
17
81%
•
/•14
Oct
40
4,865
I
44% Mav
July
5% Jan
150
300
.
:
Jan
78
15%
__
•
t
2
30
12%
•
Transport
Paper, preferred-.^
Saguenay
bi
22% May
26
14 W
14
12%
Mining & smelting
X/
-
S
May
20%
14%
X
17'A
'
:•
Dommton Bridge
Dominion Coal preferred
Dominion
110
Sep
Sep
•
•
Provincial
;.
14 •>
J2%
27 %
30'
58
10
18
2b
Glass
iDistillers Seagrams old
150
34
ii...^
Vj';' -V
'
preferred
f>Rolland
Apr
Sep
19
50
13% V13%
16"A
—
Dairies
41V4
16%
Davis Leather Co Ltd class A
Dominion
x
34%
Railway
.' y
53%
July
12%
592
s
105
60
64
150 1
•
Canadian Oils—...
Consumers
19J/2
62
.
•
—•
Cockshutt Plow
•5%
\
I
29% Aug
Sep
10
•
:
>'!'
■
% Mar
890
—•
Locomotive
Con solidated
110
19 V2
__
"X—
100v
Ind Alcohol common:
Canadian Pacific
25
14.14%
.
20
H45
3,886
46 y /•ViX:
46
110
•
.
4iy4
100
Canadian.
B
r
64
25
Converters
Canadian
Class
14
•
common
Canadian Fairbanks Preferred
Canadian
110
_•
20
■■.
*;/:
25%
25
/
i
'///,
■
Celanese
Canadian
._
7:
I
:
.1 ••••
25V*
•
Canadian Car St Foundry common
Class A
:
u.
;
.
4
v
•
common
common
Jan
Jun
53
{
Co
Corp of Canada
Price Bros St Co Ltd common
Co Ltd
100
*
113% May
40
40
90
40
Feb
44
May
25
25
25
25
Jan
30
May
*
Monday, October 7, 1946
.THE COMMERCIAL & FINANCIAL CHRONICLE
1754
CANADIAN
RANGE
,
Week's
Friday
STOCKS
FOR
ENDING
Last
Par
Canadian
Canadian
Industries
Canadian
Inter
Canadian
Low
*
15
Investments Ltd
General
*
common
510
2
2'/a
22
Light & Power Co—--—100
Canadian Marconi Company
Canadian
Pow
High
Low
790
20
2%
14%
19
25
Sep
Sep
2%
10
V
'*
'•'.
hr
'
Feb
/
July
9
'
' '
\
•
Last
V. r
••■.•:.
••
■
Bang* Sines Janoary 1
-
Low
High
High
•70C
1
70c
18
64c
July
1.49
15c
15c
1,000
13c
Aug
42c
2.35
2.55
15c
1
Sullivan Cons Mines Ltd
Shares
/
Low
Par
-
•Standard Gold Mines
■■>
•f Prices
•
1944 Ltd.
✓
for Week
Bangs
Sale Frio*
■
•-V--./
' •'•'•
•
Sales
Week's
Friday
'
■
C
•_■
Stadacona Mines
Feb
18
Sep
2.50
Jan
Jan
3.50
Feb
Aug
15c
Aug
lOyaC Aug
32c
Mar
1.52 July v>'
12,600
'
3,548
2%
Sep
5ya
Jan
100
1.75
Jan
4y4
25
10
Sep
18%
Jan
r
Westville
Limited
_
l
—
_
Mines
15c
*•; i5c
-12c
I3%c/r:
14c
15c
500
i/, 7,300
>*
Apr
*
Goldfields
Tiblemont
Jan
.15
Sep
1
Paper Inv common.*
&
•',/!'•
'•..>■•:•■•••'; ■■.■:•■•.': .;
Bang* Sine* January 1 "/
High
■20
common..*
Trust
Inv
Share*
15
.
STOCKS
for Week
Bang*
•f Prices
4
OCTOBER
Sale*
•
Sal* Frio*
MARKETS
LISTED
WEEK
,,
'
5%
preferred
•
Canadian
Silk
class
Products
Canadian
Vicfcers Ltd
Canadian
*
A
Canadian
150
29
34
145
12%
Feb
2%
3
7,150
2%
Sep
•
49
j 50
Ltd
Co
-
29 %
32
2
common
Westinghouse
;'yl>
29
-•
Western number Co
131
•
31
49
■!'
v
Jun
43%
Sep
Feb
■
Claude Neon General Advert common.*
Alcohols Ltd
300
40
Mar
100
5
55
Sep
•
Preferred
Commercial
275
common
Preferred
5
•
Consolidated Paper Corp Ltd
Textile
preferred—;
7
18
115
.171/4
18%
14,133
18%
18 %
30
7/4
7%
25
-Consolidated
Crain
90
Ltd
*
-
r6%
/ Jan
75
.
\
j.
Homestead Oil & Gas Ktd
i
Engineering Works Ltd
Dominion
Square
Dominion
V,
•
Co. Ltd
Feb
Corp
Toronto Stock
Feb
23
.Sep
19
Aug
July
;
Apr
56
:
>.
31
•'•,
{ Abitlbi Power & Paper
22
Kootenay Power 7%
pfd
Aircraft
»
Ltd
6% %
red
Mfg
48
_•
preferred
and
10 y2
—100
Aircraft
Ltd—
'Sreat
A
10
Lakes,Paper
Hydro-Electric Securities
„„
International
Paints
'
Canadian
5%
Lowney
Co
4
MacLaren Power & Paper Co
Maple Leaf Milling Co Ltd com
Melchers Distilleries Ltd
Preferred
Minnesota
■
Ontario
4%%
_io
Paper Co
...
Athona
1*
*:.•//-
-Stores
•
let pfd
"
.
22
.10
Bagamac
ipr
'
Southern
Canada
Power
6% ,pfd
Southmount Invest.-Co.
-United
■
,.Jan
Corporations.class
B_._.
Distillers
Canada
100
—*
Ltd
'M9%
of
Montreal
of
Nova
36% July
3
May
Products
Windsor
Hotel
Woods
Ltd..
Corp
%
Manufacturing
Co...
Apr
%
Ltd
Sep
56
'T-
.•
llli
Yailnwknlfe
.
/
Mining Stocks
Akaitcho
Arno
Bertram
Yellowknife
Alta Mines
.85 Aug
30c
—
Mines Ltd
Astoria
ll%c
Quebec
Mines
c.
Brazil Gold & Diamond
M
.1
Gold
Mines
Ltd
15c
1
Mines
Ltd
1
Century Mining Corp Ltd
i.
13c
/
;
1
Mines
Dome
Mining
Mines
East
Ltd
Elder
Mines
Eldridge
Co
Fontana Mines
f
Ltd
3.50
(1945)
15c
2.25 July
.00
lie
Ltd
.1
1
1
v.
Mines
15c 16'/2c
70c
1
Mines
60c
Sep
8c
Sep
'500
39c
-1,000
10%
107/a
100
35c
17c
__
1
10%
1.45
58c
1:00
•
Joliet-Quebec Mines Ltd.
16c
'»—
•
\
•
10c
-
65 % c -v69c
Lake
.
Shore
Mines.
Mines
1
Ltd"..'.
Lingside Gold Mines
Oct
Mines
..1
Ltd
Nechl
Ltd
Cons iDredginff——
Lourve
Mines..,
^5
3.10.
;
i
Pandora Cadallic Gold Mines Ltd
Cons
Gold
Dredging Ltd
3%
1,775
15
14
.15
8%
8%
Quebec, Yellowknife Gold Mines
Rochette
Gold
Santiago
—
Sherritt-Gordon
Slscoe
Gold
Mines
Sladen-Malartic
Mines
Buffalo
Canadian
Buffalo
Red
Oct
1.15
Feb
July
2.24
Feb
;
2,200
2,000
425.
4,000
3,600
2,200
45C:
19c
Oct
For
footnotes
see
42c
20c
1.40
1.57
91,200
95c
July
4.15
1,000
21c
•
-
Gold Muxes.
24c
25
35
Sep
21c
2%
Sep
55c
•v
Sep
15c
18,050
•
,
/
}
Jan
Jun
May
72c
1.64
11
.
45c
July
>:
Jan
Jan
U'
Apr
Feb
'Jan
-1
97
Feb
23% Mar
35
Jun
4%c Jan
9%c May k 1
15
13,900
.
Jan
5ya May
3.85 July
;
Jun
Aug
Jun
"•
Co.
•
185
28C
27 %c
28c
12c
43c
July
1.00 July
1.00
Sep
10c
Aug
Campbell
1.76 May
•41c
8C
4.60
22 %c
27c
145,600
Lake
Red
—
—
.
Canada
^
Packers
class A
i
..Class. B
/" Canada
Permanent " Mortgage.
Canada Steamship
.
Canada
Feb
Wire
i
&
Cable
Apr
Canadian
38c
Jan
Canadian
Breweries
Canners
15c
4,350
•57c
57c
100
22c
25c
3,000
HP
-*
.100
_*
common
42c
16c
1,200
,-56c
Jan
-2.00
2.15
—6,300
6
300
66
•66
10
-
—4.800
••"
-
30 %
-
44c
July
1.60
2,95
Sep
1.72
Apr
Feb
Jan
3.60
Sep
-
s,
Jun
9 Vu
,
Jan
6
Oct
,>66
-Sep
•■82 y2 May
•
■-14% Jan
"25 Yx Jun
1
■'»
>130
30%
•
17
Sep
-19c
74,150
'20
;
41%
825
340
...
30
56
57
50
-53
10
TO
.<•50
-
.Sep
>Mar
-10
:.
30%
64
Oct...
-50
-39%
•••17%
17%
199%
-—199
*200
*
-14%
,40 y
14%
.
^
:•
48
47 %
48
24
-0%
-•
Aug
.
-*17% -Oct
14
<44% May
29%
.
205
Jan
1178
%
Feb
Feb
Mar
23
Feb
•83
Jun
225
'47
Sep
Sep
70
24
Mar
30
Jun
Sep
12
Feb
325
-
•24
9V2
class B_
-
;■•.
1,765
-
14y8
Jan
86
50
.40
-■17%
■••Get
•
-
•
„
Jan
3,000
296,460
Mar
Sep
5,000
•.
M
>■
37c
-2,500
65c
44c
^j20p
Power____.—.>>>-I.*
Northern
12%cJuly
21c
2.25
Sep
1,800
_20
——a*.
_>,
Canada
<*46c
25c
65c
17c
22c
r-50;
Aug
Sep
20c
2.25
17,450
>
1
—1
—i*
-,v
New"preferred/Canada, Malting
Mar
8.85 Jan
100
18c
20c
.1
^.Canada JDemezrb common 1—
Jan
2.22 May
■-•6,400
1.70
16c
r
7.50, Jan
75%
1.09 Jan
12c
35c
v,1.60
—*
-*
Flon—
Class B
Jan
1.70 July
5.10
•7c
13%
25c
,i._,
rCarradar^^©read. 00m.
'
Oct
Oils
Calmont
4.25 Sep
2.50 July
*•51%
6'/2C
•:-■; 12
••
class B
Calder Bousquet Gold.
Jun
900
1
page
17c
5.700
Lake Mines
:*Caliinan.. Flin
26% Feb
313% Sep
1,100
■■r
1
Soma-Duvernay Gold
11,000
52C
1.50
y
Products
10c
,3
Ltd
18c
48c
'
Apr
Mar
79,625
22c
1
17c
y
Buffalo Ankerite Gold Mines
Apr
18c
41c 50%c
Ltd
2%
295
1
65c
1
,
Mines
Mines;Ltd
Jan
3
17c
Mines,
11%
Aug
28
29%
Vz
>>17% Juri f;
Sep
8
205
29
.
2%
Oll-
Gold
13%
650
>.200
;
4.05
29%
«
Oct
.1
Mines
,
25
B
Dominion
29c
34c
5.10
25c
28
*
class A
Preferred
Pitt Gold Mines
26c
-•
Class
3,272
1.11
liy2c-
Sep
Sep
•••>, 5
Forest
Feb
Feb
TOO
l
16%
15c
-.2% Sep
Broulan Porcupine
19%
1.45
.1
13 y* Mar
3%
Packers
j
Jan
3%
16
,
Jan
•25
British
Jan
18%
27%
30%
Juu
135
Canadian
Pato
20V4
1,610
Sep
Sep
2,000
1.80
1,745
:
8,000
Jan
loy4
3.30
•1.75
65
23%
Feb
Aug
39'/2c Jan ri
16
Feb
Burns &
51%
;T,40
27
.22%
;
Bunker Hill
4,300
1
O'Brien Gold: Mines Ltd
10% Sep
26% Aug
11
27
22%
.
British Columbia Power class:A——>•
Jan
'51%
16c
2,820
10%
•
25
—•
Apr
2.95
„•
Too .July
20c
B
2.05
1.02
r51%
.1
1
iNormetal Mining Corp Ltd
:
;'2.85
.1
-1 McIntyre-PQrcupine-1 Mines
/New
Class
1.15
22c
'.17c 17 %c-
15,700
>
26%
Columbia
Sep
July
.-T4- 14%
.1
tLouvlcourt GOldfieids
Macdonald
19c
_*i
4,244
18c
•
.
Lake Rowan
39c
16c
Aug'/
30c
55c
July
July
38C
/:
•
61
July
14c
30c
Apr
25 y2
Mines—
Oil
Calgary & Edmonton.
Jack Lake Mines—
55 y4
15,
•
14
Sep
4,600
I
Feb ■*
Jan
19 %C
Brit Columbia
49c
v
61
10
.
45c
26%
British
Building
1.20
38c
29c
1
Hudson Rand Gold
70c
9%c
1.20
:
1.,
Hollinger Consolidated Gold
Oct
8%c
'
70c
8%c
„
15c
61
15c 17 %c
/ 92c
July
19 %C
Feb
36c
14
..
May
8
47c
16c
•
Sep
Jan
:
Jan
>•
TVs
1.45
4% Sep
July
200
4,400
15,300
;,y: 250
>
Jun
Sep
;70o
5
i
July
6V8
1,500
216
•
Feb
1.36
Sep
July
Sep
5,700
<
2.65 May
Sep
178
1
American
5
•43c
5
Red
2.11
July
July
Lake
B re wis
Brltlsn
Buffadison
Formaque Gold Mines Ltd
Goldvue
1,30
13c
13c
j
1.15
>.
1
Found Lake Gold
Goldbeam
3
46
1.71 Feb
Distillers
&
Apr
Aug
1.85
July
.
—1
Mines
Brewers
Jan
22c
50
Brazilian Traction Light & Pwr com.., *
32
Sep
—
1
new
Gold
;;
1
Mines
Mines, Ltd
Cordage preferred
Brantford
•70C
1
Ltd—
Jan
Feb
__*
>*.
Ltd
Mines
Sullivan
Jan
31
11%
1
Mines
Boycon Pershing Gold Mines
45c
5
Mines
Duquesne
Gold
Bonetal
45
,
79c
1
28c
/I/I;
Exploration
—
Mines Ltd
May
5
■•■;
*
common
51
20c
1
—1
—
-
]>
Jan: •
Jan
75c
*
B„
Preferred
60 %c Mar
1
Cheskirk
Donalda
Feb
Ribbon
Bralorne
Cartier-Malartic
Cournor
Blue
Jan
Central Cadillac Gold
Cortez
Jan
May
Corp
class
Sons
Kirkland Gold
Bldgond
Bob)o
Beatrice Red Lake Gold Mines
Bonville Gold Mines
&
Bevcourt Gold
May
1.64
July
July
39 *
T
"
Vh May
.
.
!57c
1.05
.
Sep
•51c
763
6%
4
50
-
166,250
1.00
Sep
•
TO,087
43%
38
.
-34,400
;
53c
•
Berens River
Apr
Jan I
-
45
I 184
1.00
Rights
•
July 1
280
24
43c
182
38
Sep
18
181%
47 %C
I
>
.100
"Bell .Telephone afCanada—
July
• ■'
40
70
66c
43
..
;
Jan >
Apr,
July ;
7%c Jun
:/•:
60c
38
43%
Feb
>32% Feb
5%:
60c
.
24c
175
20
58c
64c
&> Radium.
58c
27
33 V2
920
v
.5%
*
;
July
.21% Jan
3,200
33
9c
18%
-
'
B
Beaulieu
34%
32%
9C
Feb
Feb
12% Aug
Sep
12c
565
V
Sep
7.25
15 Vic July
-6,100
25
32%
.10
Bros class A
Class
12,000
18c
25
-Beattie Goki Mines Ltd
•Beatty
22c
25
•I7%c':
17c
-10
-Bear Exploration
May
Grain
Westeel
-
Scotia—
11 v 11
11
Apr
1.55
July
3.80 July
1,255
Jan
1.02
107
Mar
46c
7,100
50
20c
22c
>10
Class B
.Apr
_•
'
'»•
Consolidated Mines.
Bank
-1
v/
-g;;
,
...
Bathurst Power class A_
Jan
*
Western.
70c
July
May
55c
Sep
36c
101
104% 104%
68c
,72c
4.0Q
4.20
J
Base Metals—
Fuel Inv A preferred
of
*
.
•Bank.of Toronto-
iv
United
A
,
Bank
"May
Ltd
United
class
Mines
.Rankfield
•
.
1
1
112 y4 May
109% 109%
—
20c
<45y2c
preferred—,—^..^100
Mines
Fabrics
Auto
Quebec Pulp & Psper .7% <red pfd—100
Quebec Tel and Power Corp A
if
-
Wiborg
Gold
Aunor
■>•
100
*
•
1
Apr
78
Oct
51
1
Mine*
Aumaque Gold Mines
• v
;
of Can 6%
&
Feb
/ 87c
'•i; 50c
Mines
Yellowknife
Ault
common
Pauls .Service
•
Jan
Auhelle Mines Ltd
Preferred
•Power Corp
Apr
Atlas Steel
common..*
xPurity Flour Mills Co Ltd
Jan
—1
Astoria Quebec Mine
5
*
*
Mines
Mining
Ashley
_*
Orange Crush
1
'
Feb [
Ashdown Hardware
■
Enterprises Ltd
Jan
85c
conv
Gold
Atlas
>
:
24 V2C
Arjon
pfd—100
common
Nova Scotia Lt &.Power Co
Nuclear
1
Oil
Armistice Gold
Mount Royal Rice 'Mills.
<
1.38
Porcupine
Arntfleld
;
—
&
.:•.•;■,.
preferred.10
new f
2£%
1;45
/ -Argus Corp Ltd com:
Ltd
vMcColl-Frontenac Oil 4%
165
,
26 V2 ;
;
1
Area-.
1
Teleg & Tel 7%
Massey-Harris Co Ltd 5%
100
Apex Uonsolidated Resources
preferred__20
Inc
Maritime
170%
,•
—
100
/Aquarius
Alfred
common
Anglo-Rouyn Mines
Corp
Intercity Baking Company Ltd
Lambert
1.30
19
Anglo-Huronian
p
.
.104 104%
1.39
_100
Ltd
Amalgamated Laraer Mines
American
Yellowknife
common
preferred
20%
24%c
Preferred
Anglo
Felt
Tim
34%
•
common
Aluminum of Can pref
preferred
Hubbard
High
-•
17
•
common
••*'•'"
,
37%
Mines
Steel
Aluminium
*
Companies
16%
1
Gold
Algex
Algoma
41/2
17%
T.nw
17
*
Akaitcho
»
Foreign Power Sec Corp Ltd common
1
rAgnew Surpass Shoe
48 V4
16%
Bang* Sine* January 1
High
•
common
8hares
Low
20
Sugar
Preferred
.130
4T/2
*
Ford Motor Co of Canada class A
Fraser
3
for Week
17%
•
20
com
preferred
Acadia-Aclantlc
10
3%
3%
1
Fed Grain Co class "A"__
30
10%
8
Fanny Farmer Candy
Fleet
30
100
Eastern Steel Products Ltd
Fairchlld
new
preferred
$2.50
Bang*
of Price*
Last
V.*:•'• V J>;;
8ale Price
>••
,•>> >,'/; >-t: Par >/ /• •••/:
••: /•:•;.
$1.50
East
Jan
Sales
Week'a
Friday
■:/. v.
'• •>'
.
•■'''J
.
•
Jun
Canadian Fonda
*
Donnacona Paper Co Ltd
Jan
25 V*
Exchange
'
8
•'.'•■ •"
*
Sep
25
•
•
Woollens
15%
15%
1.00 Aug
4.40
11c
;:V
•..
Oilcloth & Linoleum
May
,
i'
6% Aug
15 ya
18
•,.
5c
15%
__
}■
80c
2.50
•7C
.
Sep
600
400
1,800
2.55
7c
80c
Aug
v /
:V ^
80c
2.50
*
Royalite Oil'Company Limited
_
80c
•
Home Oil Co Ltd
/
STOCKS
Dominion
Dom
■>■••/ ' V
1
Gaspe Oil
<
>•
•
Jan
8y2
Sep
Jan
16%
4% Mar
Stocks
Oil
Jun
3.80 Feb
62
Qct
>'
'f
35c
1.07
60c
July
July
Canada Bakeries common—
Bank
Sep
60c
Sep
3.65
Jan
Conv
July
Canadian
Commerce
common
common—.
»•
10
•
Aug
1.45
Jan
1.15
Jan
36c
-
•
-
23
26
24
Jun
20-
Mar
29 Vz
Aug
22%
3,515
28
Jan
32%
Jun
32
■19
1,110
25%
21%
.
8%
80
25%
■
•
425
Jan
25
Jan
v25%
27
400
22 Va
Jan
32
Jun
14
15
300
,12%
20%
Jan
19%
785
18%
Sep
Sep
29
28
1st preferred
Jan
37y4c July
10c
7.80 May
:
!
preferred
•
80
•
May
Aug
Class A
Car
&
Fdry
common.
.
.
22%
Feb
1757.
t
'
*****
.>,/i,.*v!vVv> v/A'
•
?
.
;.\*
A
.»
,V«
V/l''
.,
'
»
i
A
.
'
•
.
t-4
•,
'
*
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
FOR
RANGE
a-aa-a-a xA
A;A,X.:'
'
X i
AA./ A-xAA;
A
A
.-
■>'
Week's
Friday
-Ax-AA:b-: ■■hr:
.
STOCKS—
Last
common
common—,
com
■
;•
Canadian
*
•;
—25
:—:
Wallpaper class B
Trethewey
Patricia
Gold
.
Chemic&l
'
A'
,
-
Research
Oils
Cochenour
Cockshutt
Coin
1
Willans
1.40
r
Bakeries
315
—
5
•
•—
"
•
.
f
•
170
1.12
•
:
i
Pershing Mines
77
187
i
«165
;
26
1
25c
48c
2,500
29c
8,200
1.36
1.48
Coalx—
_100
Ctowshorr Patricia.
Gold-——.....I- ,94c
43%
43%
io
1.01
4,900
—
._4-VV s-v.-v •;
94c <
:•.
1
11 %c
17 %
,
Davles Petroleum
Davis• Leather class- A
-i-——■
--
B
-AA—„«
Delnite Mines
Denison Nickel
;—;
Mines
Detta Red Lake Mines
'
■
32
July
Distillers
Seagrams
Diversified Mining
.Juns
1
common—^
80c
20% paid
Imperial Bank
Imperial Oil
'
;
A
1.68
1.70
14c
Dairies
commcn,_.
Dominion
Fabrics
89c
88c
90c
19%
2074
preferred
4-
Dominion
Foundries & Steel
Dominion
Scottish
Dominion Steel
Tar
Inv
class
Stores
1.42
33,650
18%
19%
27
27
25
—
17
v
,
18%
*
.i
v
10.100
1.10
88c
•
4%%
18% Sep
Sullivan
Internatlohal
-yAjrv"*'..
Jellicoe Mines
Marv/t
,
40
101
Sep
106
15c-
Oct
115
Jun
307a
Sep
A
5,805
147a
A
200
*•
16c
.50c
-
*
%
12c
July
4o
Aug
July
'.
2,500
I
Kenville Gold Mines
Sep
I
Kerr-Addison Gold Mines
j
Kirkland Lake
{ '
Kirkland Townsite
j
Labatt (John)
1
Laguerre Gold Mines—
Apr
30% July
,
.1.75 Aug
I
Lake
100
.13*
Mar
.
.
197a
27
Sep
39
Jan
Sep
50%
Jun
f
1478
15%
4,940
23
24
370
20
Jan
26
24%; 2674
25
25
205
23
Mar
26
25Vi
150
127a Mar
24%
30
26
1.10
2.05
1.80
2.15
-1
:
J
Leltch
'/ a-i'-a.'
fA:
v
Jan
2.40
Sep
/
9,350
19c
Aug
58c
May
1,100
4,500
30c
July
62c
Feb
572C Sep
13c
Jan
|
6c
57ac
6720
1.47
1.55
6,600
3.55
3.45
3.65
15,250
—-—-
10%
10 A
10/a
20%.
21
1,34
1.15 July
2.30 July
3.35 Jan..:.
4.60
Jan
Jun
10
Sep
147a
20
Sep
22% Aug A
1.38 Sep.
1,545 .r.::
Loblaw
1
Mines
l-30 .v
1
1
:
*
••
17%
48
1074 *
127 v
,
•
;>•
7,700
Feb
65
5% Jan
II
Jan
May
!
134
87ac July
24c
Sep
.50,;
..
*
12
VA
21%. 22 A
2272'.
_i^_100,
•
—t
————
33c
,'t 12c
177a
-^--100^
—
common
•;.
•
i
1,863.
'
100
3.15
A A
3.35
2,450
lQc * 16c>
"
10c,
..*125"
H
<
4/«
106
106*
6.30
6.60-
1.10
17
100
Gillies
Lake-Porcupine Gold——-—;—1
Dlenora Gold
i
1
,6 30
1.10
>:
A
5,061
105
1.10
86
,V 10c
7c
6,000
5 Ac
*flc.?'
•
32c
38c
5,300
16c
15 %C
19c
102,700
8c
90c
85c
1.13
40,227
70c
31c
30c
31c
4,600
28c
23 %C
22c
26c
27,800
16c
1
2.26
2.25
1
22c
19c
Goldvue Mines
—J
:
Rubber
38c
38c
2.31.
McKenzie
57c
3,700
; -
Feb
8c
5,600
33c
common—•
Jan
Montreal
39c
Feb
Montreal
July
July
July
July
July
July
105
105
20
997a Mar
54
54
55
90
52
11%
1174
11%
25
2572
*
-
Wire
Mines
—*
20
•
20
•
56
53%
*
Ltd—.—
Gypsum Lime & Alabastlne
5
-
V-
,
ft
Monarch
.
A
■
'
f87c
Moore
Feb
25c
Jan
Corp
Mosher
79c
Long
Lac
1
Nat
Mines
2.90
Apr
J
National
35c
Jan
i
National
Grocers
Apr
25
A.
Preferred
26c
Jan
Newnorth
15
Jan
35%
Apr
Nib
399
42
Jan
701.
Jun
Nicholson
Sep
7
Feb
Nipissing
59c
Apr
Noranaa
187a
Jun
Norbenlte Malartic Mines
655
3072C July
13
Sep
22
>
.
80c
19c
500
68c
19%
.
22
17c
Sep
6.65 July
*
36c
Oct
17% Sep
5c
17%c Sep
19
69
46%c Sep
18% July
1,820
67
11 * Feb
26,100
1,490
17
•
A 480
160
4
1572
Sep
65 74 Sep
3 7s Oct
16c July
26c Aug
28c
32c
9,500
17,700
287a >•• 28%
1474
147*
18%
287a
1474
25
605
28
187a
287a
25
'100
16% Mar
28
Oct
12
28%
12
29
100
150
1,580
2,400
7,600
4,260
1,800
12
Sep
27
Sep
2274 Sep
1.50 Jan
28c July
60c
Jan
16c
Sep
217aC
20c
—
Jun
25c
—
'
*
—
.•
24%
23
25
1
2.10
2.01
2.20
36c
40c
1.11
1.10
1.15
16c
Mines
16c
20c
17c
1
Bldlamaque
Calumet
—
*
National Steel Car
New
v
20
Hosiery Mills class A
National Sewerage Pipe A
Sep
Jun
5
♦
common
Oct
7,500
1-70 Mar
75c Apr
37a A
1
Brew
11c
39c
July'
25c July
45<;
56c
197a
**
1
preferred—
Drug preferred
125
68%
•
common
20
1472
4
207/s July
12% May
*
Feb
Mar
Jan
/. 12% Jan
25%fr Jan.
22% Aug
Feb
25% Feb
91c
22
May
81
May
Apr
45c Feb
49c July
7
Jan
4072C Jan
1.15
19
Brass
New
39c
•
26 At Jun
187a A A
15
57ac
*8,100
7.90
8.40' ' ,*7.800
18%°c,18%c
1,500
17
18
305
62c
197a
•
Locomotive
Negus
14%
*
14 c Feb
75% Jan
57aC
.
■
Sep
10% Sep
187a
—
A 35% Jan
Sep
°
6c • Oct
46% Sep
92c.
18
•'
l
Light Heat ft Power
Morrison
1.30 Feb
:_100
Porcupine
Oct
•
A
'A.
••
1674 Jan
19c A 19c
8.00
*
>25
555
Feb
Jan
Apr
250
90c,
A> 37c ;
"
2.20 Jan
51c
45c
21
2,000
- 775
4,150
61,290
53
5%c
'
■
;
July A
21c July
12c July
137a Sep
6c
11'
50%
„
60c
6,900
10.000
10,000
1,422
-.
21%
51
.
*
-; ■
May
127a Feb
177a May ;
10c
18
21
19c
610
"
"•
* .•;*.*•
11
"
r*160
190
195
18
2174
i
Jun
1
27.
1
18
11
-
•
Knitting common
12
374
19 July'
5.45 Jan
95c Jan
3.75 Jan
"
3c
Apr
1172 Jan
13
July
19,500
28c
15
153/4
26
y
—A
•
Gas
257a
15
26%.AA
90c
973
20
15
* /AA 40c
157a
860
15%
•
•
425
3,500
127ac
1
6 00
12c
25c
l
May
Aug
2072
266
*
A
15
95c" 1.00
.1.00
Gold
57
20
147a
14%
A'
3%c
6c
-
July
10% Sep
11c
-——1
Great Lakes Paper common
:
Preferred
!——
1.50 July
3c
All.85 11.85
Mines
-J
88c
Jan
*
McKay class A
Class B
2.45 July
38c July
A 6,075
3.75 Feb
14%' Sep
7,300
2,000
7.50 Jan
35c July
Feb
50
Grafton class A
Graham Bousquet
A
3%
>-
*
•
•
Oil
Mining Corp
Model Oils
3.15 Mar
>
2.95
48c
a
*
Mines
Mid-Continental
22c
2.00 Jan
40c
.'.*
common
Lake
Gold
Feb
Aug
2472C July
37,000
•
Mercury Mills
AA
3,900
1.85
———
Lake
Red
McWatters
Jun
.
Red
McMarmac
25c
-19c
24c
'
National
Preferred
Gold
•
A
Segur
Mylamaque
Golden Manltou Mines
Goldora
&
33c
1
Mining
Tire
15,000 -i
1
Golden Arrow Mines
Gate
23,900
21c
1
Goldhawk
73C
19c
1
Eagle Mines
65c
19c
1
Goldcrest
65c
•
Frontenac Oil
Sep.;
5c
1
-
1
McDougal
Feb
Feb
5.00 Jan
2.75 Oct.
2.50 July'
16c * Sep
At, 1.50 July
2.80
1272c
/•
.
McColl
-
Apr
45c
AH0.850
47c
20
!
1 /•*.
i
HA
86c
.vAA^'llO
1.65
y.yy'
July
15
1.80
■
July
1.65
A 48c
•
A Preferred
•'
25c
!•
•
Aug
May
36
34
AYr-;:;;; A
6,963
>
JanlA:
21c
•
2,475
3.55
1.46 Feb
,
15
Yv
A 2.85
1
•
2.99
AA 1.60
—
1
McBrlne
■
Moneta
God's Lake Mines Ltd
Goldale Mine
!
20c
:■
Jan
37c
•: '••;3.45
30c
6,800
!:A-A-
20c
1.62
•
(?
8.75
1.10
6.900
—
Mines
common
<y
Juri
A A •$;A- A-
1
Sep
207a
12,300
28c A;
:
'1.55 Jan
1.02 July : - ' 4.40 Sep
55,625
35c
1
Feb
1087a
>
Jan
r-j
3.10
32c
26c
*"i 11.85
5.55
Jua,
July
iv* Apr
1
2.85
26c
•
27 Va Jan
26% Jan A
625
580 : >
>'*
32c
*
—
III
Jan
2.95 A
31
'
1.57 Sep
A-A'.
33%
Sep
1.20 July
2,900
?
32
30%
—"
A;
1.65
'
327a
•
•;'•••/;../ A
—
preferred
McCabe Grain class A
July"
1
Marlon Rouyn
-Vs*.
i)
1.59
"
•
Massey-Harris
Aug A
Sep!
Feb
1.63
•
I
»
4c
;
Sep
2372 Apr
87acMay
71c
July
Maple Leaf Milling common
Marcus Gold
A
A
20
.Jan.
^ 7 12%c i 15c
»•<;-
68c
290
Jan
' "A
•'
<>'.:■.:v->> 'A:.;>-vA-': ''■•>^Y<AAAY,V'''A;V,A:-;A'":
60c
5.05 July
Oct
.
20,825
jMclntyre Porcupine Mines
14.
AAA-. 5.;*
16 A
—
1.02
-
A
101(K
95c
Gold
f.
75c
Oct
..3% 'Sep'
157a Sep
;; 435..
.
"
*
105
15
.
4%.
;47a
2.90 July
:
2,190
1.00
Maple Leaf Garden preferred—
?
■
July
Manitoba ft Eastern
32% Jan'
A Oct
100
10
18c
Gold
Martin-McNeely Mines
11* '':
Sep''
July
33c
f
45,500
Malartic Gold Fields
13 7»
Sep
20
.
6,700
>10972 109%
>
Preferred
?——100,
Giant Y'eilowknife Gold Mines
;
1%
D Warrants A
—A
*
>*
"
4%
.300
#
35c
1
1374 Aug
6% Sep :
11% Sep
.
105
35c
100
j—:
315
•;
Common———1*.
preferred
Lake
2.0c
"A '-"A
25c
,A:A'.v>-V'
Jan
■''
32c
1
-
8.75 Mar
25
May
July
Sep
500
1
Aug
'
25c
19
Jan
2672 Mar
37
July..
Y
5.55 July
Sep
49,600
20
——2.75
1
3.20 '
3.10
(H R)
19c
7%c July
1.800
Gold
>
47c
Apr*.
1.46 Jan.
20
•
,
■>
42c
1
♦
■
<
A*
44c
)
1
75
^
Export Mex_—
*
1,303
>
MacMillan
Red
6.00
22 72
10%c 11 %c A A 3,500
" 1 '.
Jan
65c
Oct
4c
MacLeod-Cocxshutt Gold. Mines
Maasen
5.95
;
y• 10 %c
•
Mines
11
+
29Va Jan
250
2272
5.95
11
1.585
32
1.35
Goldfields
Macfie Red Lake
-
f.A
147a
-
19
4d
j
22% July
Sep
90
315
10c
;
31
A 5
Jan-
6.35
11
1.27
Gold Mines
AAA MacDonald
?A
Jan
13%
A 32
—1
—
2974 Jan
.
Sep
*
Lundward
Jan
13
Mar
4372
180
I30
,?•
1172
35c
Frefman .(A J) .preferred
Frobisher Exploration
general Steel Wares
en'eral Bakeries
36
9c
v
3,700
20
class A
Louvicourt
A
;7;'
—
Power
1.45
,
Sep
12
3,055
11-
12°
4.00
1,075
—r.:v:'..4%.
class A
Francoeur Gold
Warrants
July
1,035
48
gc.
•
a
of Canada
4.30.
10
—
Aircraft
100
10 /4
47 /2.
972c
1—•
!
——
Sep
37c
257a Oct
7% Sep
30
,
/•,.•'A/;
common
Class A
4 00.
18
Mining-..———1
,'■>.
'
4.00
•
;
:8
,,
12c
>1.35
[A Lynx Yellowknife Gold
!:Aa;-A:AAA'>., A--X? »A:A-A'*vAA>. -f
A
972c
1
Class B
Magnet Consolidated
•
—
common
-8
83c
26,500
27
—
—100
Federal Kirkland
Fittings Ltd
;
25 %
.
117,550
50c 52 72c
2572
*;
new
1-1°
50c
•
340
lie
11,500
:
1
Groceterias
177a Feb
2.90 Feb
55c. Jan
,
July
-—1
Gold
Macassa
.
45c
Y"
-
Lingman Lake Gold Mines
Hx
•
4.55 July
66c
1
3
/*
34c
24% Mar
62c
*
Little Long Lac Gold Mines Ltd
24c
440
4,800
6.25
.
37o Jan
30
Jan
1.76 Apr
1.16 Sep
July
66c
»A"
r
31c
V
267t
' A
July
Jan
May
65o Feb
21c
Jan
2.25 Feb
Jtriy
;
A
*•;
11c
16c
?.
45c ^A-19,500 *'' 23C
•
5
Gold Mines. Ltd
Lexlndin
•
1.85
July
July
85c
225,644
•
,
4,415
23,555
1,500
*
'
f
|
10,600
,
43c
-
28% July
Feb
43fc
2372 May
51c
Sep
117< July
1
':
,
26
6.00
,
6.00 A
•
•+*
2672 July
Jun
60c
;
*
26
>
1>
Mines
Lapaska Mines
Laura Secord Candy
Lebel GrO
—A
3074
2374 Mar
67,85a
^
'
:
Lang & Sons
4,
1
;
22C
21
1.30
17c
Lapa Cadillac
23
May >
28% Jun
Y
—
2272
'
—
1
Lamaque Gold Mines
1Y
44
•'
15%
1.00
70c
Woods common
of
36c
95
137a
Lake Shore Mines, Ltd
■
Gold
27
70c
Mining & Exploration
Fortune
26
1;|:-12% A: 12%
—J /,. 1.20,> 1.15
—-1
;16c
^
|>
925
:
1
t;y
32% Feb
27
v
•
Labrador
|
1.48
15,240
•
71c
41c
Oct
,
•
-_i_—
May
40
..
,
9c
> ■
gc A ge
500
6c
July
- 70c
66c" 70c
14,300
: ,45c July
A:;AjA:>;AAAvArAAv
A7-A.;.
A..: ■'..'•"•■A1
14c
14c
500
10c July
1.90 Jan
30c
-t
V
'l.*V''-.
,*.
14c
4,000
r
53c
Feb
27% Jan
2.09 Apr
2.30 Feb
47
■J*
13,700
5c
v-
''
v
16c
4c
51c
Sep
68c
Sep
1.36 Sep
7,500
•/».♦«
15c
Ar5c
-
Mines
Gold
—
Mines
1
Yellowknife
.a—
Mines
Mines
—
—'*
5
■
—
—
'
18c"
23c
40,000
He
12c
2.10
2.27
"4,000
700
49%
50c
2,975
10,400
——*
4974
46
1
50c
45c
-
Mar
1057a
95c
14c
.
1
-•
—
CoA.^
Kelvinator
Feb
3.05
97a Mar
14
15
1.47
Candy Shops
Gunnar
*
Sep
21
W' * ^
s
Sep '
Apr
60c
A 4,545
■>
f
14c
21
26%
A
80c
Jan
15% July
1.65 Jan
29% Jun
35 7a May
-
1.50
A
* v.1'? fe'-i;
A -:- ■>'.
'
Jan
1. A-
Jun
45
*
common-;
Greening
V/
V
1
'
Jun-'
100
1
Preferred
,
80c
1.40
"v
—
?
•
—
Lake
30%
—20
Grain
Gordon
* 80c
:
A"
1
—-—
Players
Goodyear
103AA A
106
:—1
i^*'?-fiA •".
*
10
102
Oct
July
974
110
15
1
A Joliet Quebec
i'AiAv
A^ayrand Mining
Jun
A
B
Golden
26
30
143/8
'.'.A.;--tl.vV'v?'''':.
20% Oct
' 30% Aug
173/4 Jan
16
Jun
27c
2,000
26
—
Jan
13AA' -''-'45
287?
Jan
' Aug
Jan
1372
14,800
70c,? 75c
-
A
May
30c
110
Jan
•
14%
—
Jun
45
—-——1
Federal
Gold
12
•
—
'A
AV
—1 *
—
123
'
Feb
Jan
Jan
Jun
Jan
Feb
50
July
127s Sep
■
317a
—
Mines
Jason
13% Mar
-
Jan
Apr
17
240
40c
1057a
30%
-i",
Lake Dufault Mines Ltd
75
'!
Jan
Jan
Jan
Sep
Sep
26
.15
13 ; A A 3,945
13%
1,487
31
Jacola Mines
I
'29%
1.03
—————
Fanny Farmer
5%
203/&
7c
95
15
27% A'-
35c
__
*
1
Waite
7 20%
A 2774
70c
AA__—50c
Jacknife
Jun
29%
—1
Co—
-
Gold
Gatineau
2.45 Sep
July
4,100
;A<
106
—•
-A
"s;i v-'avv.
,30
10 Va
—1
.——
Palconbridg6 Nickel
.
A——A
AA'AV'-A ♦".'■*•'-*
' *,-a-*-.*..'
Jack
9C„97ac
A 30
•
International Uranium Mining
Island Mountain
AvAi^AUV
Feb
16
v.'
Mines
Co
,.V;.
377a
105
; A
--
—*
Petroleum——2
Jan
23%
*
—
English Electric class A
Ford
34% Sep
A 35c
:
100
preferred_100
4%
24 7a
14% *
100
—
MlncB
Steel
Eddy Paper
Fleet
Aug
6,200
36c
:
>:A;Vv;':
1
———
220
;
*
East Malartic Mines
Famous
preferred
Feb
July
•
common
Mining
Class
July
137a
;
International Nickel Co common—:
>
A
July
25
East Ampbl Mines-—
East Crest
:; '
May
30c
36c
13%
"
class A
International Milling
'
Eldona
5c
36c
6,100
57c
35c
/12%
common
International Metals
Sep
14%
preferred-—-50
Duvay Gold Mines
Elder
7,500
46,800
;;
67ac
'48c
13
6 •V-1
17%
10%
•
com
B
C_——
Eastern
13c
—
John
•••»;>•'
-
700,^^110
;
r
—
Donalda Mines
East
6,000
67ic
105
;v
1
2,775
"17
,
-
2472 Sep
7,400
14,400 ,;:
—
:
preferred
Duquesne
'
13c A 13c
.-—;
—
International Bronze
;
T.
Sep
*
InsDlration Mln & Devel
;
29c
Sep
2072C Jan-'
Oct
1.55 Aug
5c Mar*
2,100
1.2"2
'
w:
1.30
common--
V
10
2.50
2,367
1,230
10
1 **
Lake
1.15
55
.
10%. Sep
-
2,000'
35c
1.25
•
Coal
1172c
605
':600.
•
-
33 c
C> 19 3A
Ltd
•"
29% Jan.A
1.21
l
-
Dominion
New
-
—100
—
''
Inglis,
Feb'
May
100
—
Imperial Tobacco of Canada ordinary_5
Indian
,,1.67 Jan
10c-:; Sep
33c
—*
—
Dominion
Dominion
Sep
10%
*
Smelting
Huron ft Erie common
Feb
86c
' *7
*140
•
1.22
—
Bank
Dominion
20
'
Hugh Malartic Mines
■-
Apr ;
v
70c
-
1,100
i"-
10
Discovery Yellowknife
Mines
30% ;
<11%
13 c
14c
♦
4,500
v
,
10c
30
11%
i'
—
1
Dickensom Red. Lake' ———:
Dommion
?
Vi
11
1
—
18c
10c
——.
Dome
Sep
15
'
D'Aragon Mines
■
136
36 %
9%
Apr
t
A" Class
1
2.70 Jah
30c
69c
3.60
70c
27c
14%c
27
19%
4.40
35c
11c
74c
73c
Sep
6c
500
2.45
—•
•
1
Feb
1887a
1.00 July
43
Sep;
1.36
16c
7c
20
10%
—1
.;
21,300
7c
36c
A 1.95 Feb
,105% May
Oct
240
2,850
48C<
—
1.24 Jan
31c
Jfan
45c
Apr
July
July
20
1072
2.50
674c
"55c
Jun
Sep
28
r
19c" 25c
.
1
Apr :
103
July
40c
26
9,800
35,275
-
__
1
May 7
2.75
102% Pet.
,25..
.
13c
16c
2,100
1.45
57c617ac
.
—
8
Gas
&
' 23c
23c
..
V
1—;
Oil
22c
60c'
•
Hudson Bay Mining ft
22Apr
Sep
90c
2,650
4,000
77,507
1.25
Hosco Gold Mines
;2.85 Feb
-.
38c
26
•
*.
Crow's 1 Nest
:
2,405
aay'ayya'X
Mills
,
:•
16% Jan
Jan
1.38
1.30 Oct
39
1.05
1
—*
Yellowknife
Homestead
A
23c
1.39
—
Oil-1
Homer
/
Feb
51c
1.80 July
100
1,900
102% 102%
„
Mining—IlL—1
Oct
19
>< 167
—100
v;
,
Apr
1.05
July
1.40
170
•...Ay 1.10
preferred
5.00
19
Sep
50c
84
—
Hollinger Consolidated Gold Mines
Home
Jan
Sep
25c
.
—1-1
1
—
__—
Hinde ft Dauch
Jan
50c
2.40 July
12 3A
1.85
81
97ac Oct
19c
July
1.18 Sep
52c ' Aug
_—
Jan
19
81
1.00 July
16,000
Jun
1.85
•
5,903
12c
7,600
•'
23c: * 30c
Howey Gold Mines
44 %c
35c
650
6?c
30c
1.20
* 972c
Hedley Mascot
Heva' Gold new
Hlghridge Mining
Highwood-Sarcee Oil
Jan
47c
i.3a
—
1.30
*
—.r,
3.00
July
83,300
52C
25c
54c
*
1.05
He
30 " May
4.40 Apr
July
6,960
1.05
1
Aug
40c
46c
1
Oct-
4.70
12c
43c
17c
Jun
1.41 Mar
3,300
8,670
--
,65c
,
'&
*
Jan
10c
12c
61c
Headway Red Lake Gold.
1.90
2,500
3.05
■
15%c
Heath
Jan
14c
12C
16% May
•
17C
267a July
...
July
July
43c
13%
AA '
Oct
15C
2,400
48,579
*
127a Feb
9% Sep
593/4c Sep
11
63c
;A.v' V'v/i''.1.. :':T.
4.45
13c
-
6% Sep
130
7%
July
.230
Feb
104
July
■
15c
;
500
2.95
Crestaurum Mines
Crolnor
2,000
■?
70c
3.60
{
Mining
Cosmos Imperial
Cournor
21c
70c
14c
?
Mines—————*
i
,18c
.
70c
& Smelting——5
Consumers Gas (Toronto)
-.100
Conwest Exploration J
vi.'
17C
2472
3972
Jan
1.85 July
5,650
" 725
500
1
Jan
July -v
2.10 Feb
1.30 Sep
182 v Oct ,.S
185
July
A
4.20
—1
new
'/
?
12%
-i-——
Corrugated Box
i82
2.10
13
Commonwealth Petroleum—————
,.'i.
182
1.99
'
—
2.03
18
1 >'•2.50
2,225
-v' 4
Hioh
10c
Jan
6.00 Feb
4.75
* 4c
1
Gold Mines
Harrlcana
1.35 Feb
,
24%- Sep
70
';
1.30
<
Cdlomaci Yellowknife Mines—.—.1
Consolidated
20
3.00
.
Consolidated
102
•
-
Coniagas
25
Mines——X
Gold
Co
26
1,200
25:
-'Idar""
4.10 July
7,200
7%
11
'
__
1
Harker Gold Mines——
May
May
*
Jan
25
'
"
•
,
Gold Mines
Rock
4.75
•
Chrpet_
57acv
Range 81nee January 1
High
5c
4.75
'
July
*13%
•
800
■
-
'V
Hard
May
26
46
.
5,416''' "•>13% Sep
^20
24%
*
Lake
Camaurum
20
j
21c
1
—
i
:
Plow
•,
17c
.>
1
——
Coastal
14%
28%
1.40
•
Sep
50c
1,000
2.90
.
27
Sep
23%
v
.
100
•
2.85
Chesterville Larder Lake Gold Mines—1
Cltralam
■A
.•/—'•
1
><: v
...
,
1272
.
440
17
»
14
w—_-—I
-,
,.
645
"V'v
61c
Harding
Jun
1
——
Low
'
—
Shares
.
Hasa^a* Mines
1'4'^-iSep-
11,430- "
»■
•
Hamilton Bridge
24
■
—1
Hallnor Mines
"
T04'-' 104
-<-x,-^A100
Pprcupine
Centremaque
18-
28%
—'
Mines————1AA
Central
-CY>vX,
Jan
-
Aug
307a May
20% Juu
.-'1778 Sep
690
r(
15%
16%
•
20
—1
Canada -Loan.
Central
12
Sep
v
\
:——*
•'
is
61c
—
Wirebound Boxes—L_—:—•
Gold Quartz—.
1
Central
Sep
''166
19 ;
26y8;'27%
14
;—-—0
Canadian
Castle
22
Mines
Sales
far Week
sf Prices
A
' ^
Par
Halllwell Gold
78
Week's
Bangs
,
Sals Prlot
■"*■':
High'
315
■
61c
i6%.-<-
Canadian Utilities preferred-———100
Cariboo
'
58
"'55
-
19%,
14%
;'ri'*.;■ + L *
•
-
Tire
Canadian
•.
27 "
^
'•
Malartlc
16 %
18%
15
——.—•
——
Canadian Oils —A.
Canadian Pacific Ry
Canadian
''
64%
17
Friday
Last
Low
'
'24%
19
<•>]
4
Range Since January 1
High
63
24
A—•>,? I6%*
—J—
—
L'
>_•
—
Canadian Industrial Alcohol
Class ?
'-f.'
-A
V
OCTOBER
STOCKS
Shares
*
A
Canadian Locomotive
Low
64
—•
—-ti
Canadian Food Products
Class
*
:
ENDING
Bales
•of Prices
A''1A>v('- Par VMl':frr
Canadian Celanese
Canadian Dredge
LISTED MARKETS
WEEK
for Week
Range
'ixAv>A;AAAA> Sale Price
1755
*
287a Oct
1474 Oct
157acJuly
10c July
28% Oct
A4^4.?
21
30%
13 A
32
30 %
3.25
May
j4pr
July
Mar
Apr
Mar
Apr
1.39 Aug
33c May
62c
30c
30c
Jan
Apr
2.05 Sep
5.65 Feb
457a Sep
45c
Oct
72 A Jan
1.05 Mar
TIlE COMMERCIAL & FINANCIAL CHRONICLE
Monday,- October- 7y 1946
CANADIAN LISTED MARKETS
"•v
V
STOCKS
■»
FridayEast ::A
--
-
Sale Price
Oil
Nordon
•
Norgold
nisi
—1
—
—..x,
•
tximna
North
>
Mining' Cory Ltd
Preferred
A—x
_—
12c
Sep
:
18,-510 "
8,200
July
60c
1.75
1.80
6,510
64c
62c
66c
32,807
::-r.
■
'
Sudbury Contact.
.
Sep
Surf
Jan
3.85
1.53 July
42c
Apr
80c
1
Cons
Inlet
Mines
19c
July
37c
Sep
43c
Feb
30c
Jan
Tamblyn
22c
22c
60c
1
1
•
(G)
21%
58c
18,500
Jan
28,100
50,150
40c
July
860
95c
May
Feb
78,400
51c
July.
Sep
95c
Aug
July '"
18c
Jan
64c
.1.24
:
71c
81c
71c
'V-'.^8C
8c
2.59
Paramaque Mines
21c
u
70c
70
Sep
July
5,105 V
1.26 1 1.35
12C
Pen-Rey Gold Mines——
Perron Gold Mines—
Engravers
Piccadilly /___
Pickle-Crow
Pioneer Gold
7,500
10c
29c
5c
Sep
July
50c
July
17C 20 Vic
49,900
12c
July
'
11c
16c
.2.85
2.95
1
3.10
3.50
26
k
24%
100
26
15c
1
a
3.10 Oct
1,898
3,800
22c
20.000
37c
7.70 Mar
28
30
70C
70c
\ 1.500
12
12
185
;;
45c
3,300
/1.15 Sep
10% Sep
Power
Corp
___
35o
2,000
July
Sep
July
28
710
■
1
1.20
1.35
l
11
11%
1
1.60
Proprietary Mines—
I-—!
0
Prospectors Airways —-x__——J__♦
Purdy Mica
;
_1
46C
;
14 1
A 46c >
10c
14c
12%
13
Pressed
Mining Co
Metals
Preston East Dome——
i
10c
—
Purity Flour common...—_
Preferred
_i—
Gold
Quebec
ia
1
—.——
52c
82c
'*
82c
15'A
Products
Milk
8
200
; ~
•
Trust—.
Works
;
80
1,085
11
-
Macdonakl
x.l*
Renfrew Textiles
Reno
Gold
Richmao
—x_x——
Gold
.
Preferred
4,300
Union
Riverside Silk Mills class A
.
—
i:
22%
3.45
'
Onited Fuel class "A".
Rouyn Merger Gold Mines
5%
250
400
60c
k
2.15
10
100
Russell
St
Mine
■
v
Mines
10
250
•
7
15c
38c
13,100
,25c
55c
Lawrence Corp. common
210
51c
11%
*
6%
50
27
1
3.85
Consolidated—.
A
—
24c
San Antonio Gold Mines Ltd.;
Sand
River Gold——
—
Mines
Sannorm
—
Senator Rouyn Ltd.—
Shawirtlgan
;
220
50C
25
Ltd
61c
6
Sep
14c
7,200
20c
Sep
50c
40c
29,000
1,185
6,600
20
Winnipeg Brewery class .A—*
1.05
2.£0
2.35
48,350
*
12%
V- 13
450
12
12
12%
535
12
9.50
10
9
July
5
19
19
New
new
common.
vtc
—
Sigma Mines
Silknit
A.——_40
Preferred
Silver
...—
.
common—
Miller
_—
39%
1
50c
—
Silver wood's Dairies class A
Class
B
,
Silverwood's
11
—
preferred—
.
—-
...
t__—_'—_■*
:'
r
1.06
:
16%
16%
31%
"■
Glass
B new
27
————
Preferred new
,
.
,
Feb
Malartio
Springer
62c
Mines.
36c
Sturgeon
1.15
Stadacona Mines
77c
Standard Chemical
Standard
2.08
26
—•
108
—...
10
50
—
>'•
—l
.
Radio ; _____X—___.
Stanley Brock class
Starratt Olson Co
24
6%
•
For
footnotes
1
see
page
1757.
78c
78C
6
10%;
82c
5.10 Feb
159.
Aug
1.69 Jan
,
Mar
:f 55o
A 60c
Jan
Jun
145
Jan
220
x
100
23
Sep
130
;
125
25
Mar
36% May
20
104% July
108% Feb
7,000
2,434
ll%c July
10
Sep
17c
25
1,500
94% Jan
15o July
3.20
2,837
3.10 Sep
.
;
v
;;;
Jan
13,900
15c
3.15
'25c
13%c
A
A'
.,
AA''V.;AA'
■
r
-
26c
.
Jan
A > 2,500
25c
AA. A'-'A
v
34%
iTIday
''
:
35
-
Feb
'67c A Feb
Jan
39 c
12 %c Sep
-
$5,600
Sales
Week's
Last
Range
Av
;A;■ A:A;AAA'A:^A'A8ale Pries
:A'i: A:AA;AaAA-A;'."A-.-$$
: for Week
Range Sine# January 1
Shares
•f Prices
4%
5 Vs
70
74
23
23 A-
National
—
Brown Co common—,-....
Preferred
Bruck Silk
«...
——
1
5
100
—
-
73 % A
Ai'-
-
21%'
.•«
Canada. & Dominion. Sugar——
High
Low:
15Va
25 '/a
15% Sep
..
23
Jan
24
.A—wa
;15%
Asbestos Corp
————♦
—25
British Columbia Pulp Common
*
"
80
Andian
Industries common———*
Canadian
Marconi
Canadian Vickers
Oct
Canadian
35
Mar
78
Apr
Sep
Sep
Hep
50
50
4
8Va Apr
104%
67% Sep
Apr 29% May-
25.— 19% May
Sep
29
Feb
25
34
Sep
42
1 Aug
20
450
12
Aug
25
July
3%
'32
3
•
50
18%
27
1,160
270— 21
21-
221
v'
35
35"
"
20
3
20
-
——.——*
..—
—
2 *'.
Lumber
.
32
2%
3 :
—•
—•
A___——A_—'
•'
——
Press
>
32
Westinghouse
Consolidated Paper
Consolidated
—
common—.■——*•
Canadian. Western
Aug
50
17 %
26
i-:
18
26
5,905
50
25
.
May
Disher
30c
23 23 %
—32
,34
22 <
20
24
——*
——
36%- Jun
_
Steel
•;
Dominion Briage
108% Mar
Donnaconna
p.
Paper ..————*-,*
%
;
v
1.55 Jan
<
24;
May
9%May
12 V*
Jun
1.50 Apr
Jan
Sep
85o
Feb
23 Va
Oct
Sep
45%
15
;
Mar
Apr
Oct
24
'
Hayes Steel
.
international
A"--
————
Humberstone Shoe
.
"
;
.
,
Paper common^—_— J3
preferred
1 75
1.75
*
*
100
Foothills Oil & Gas
;
—-——100
43 V2
23
23
1.85 A
24
23
42'A 437/s
A 79-v • 75f
♦x.
-1.50 Jun
1,800
Selections
_—--x—
Oreille
———
Pend
Temiskaming
*
——1
;
——
Mining————————1;
17%
18%
—*
Minnesota Ac Ontario Paper—
Oil
.
2.55
9 /2C
-
_
18%
4%c 4%c
2.20 2.64
9 Ac
10c.
,;i
2.20 Aug
595
22
Sep
39
Jan
200
23
Oct
25
Sep
59
Aug
Apr
Jun
2,070
......
---
2,000
3.854
-
;
Jan
85
18
2.825
16,500
39
56
15
10% May
•
Jun
32
■
Jan
16% Feb
Feb
Apr
32
30c
•
35
180
10,510
61%
,23%
Jan
18%
1,600
30c
—
*
preferred—'
3.80 Feb
Oct
21
60
Feb
43% Jun
15% Mar
10,940
•*
5
2% Sep
- Sep
2% Sep
28
100
*
18 Va Jun
40
Jan
July
Apr
430
Canadian Furnas
1.50 Feb
75c
>
A 6.55 Feb
Exchange-Curb Section
'*
'
Canadian
56c
Sep
July
July
Sep
5% Sep
10% Sep
Jan
30c
21% May
105
Oct
25 c
6,200
12%c 13%c
35
•
13% July
6% Aug
July
5% Sep
18 •. Sep
>
14%
99%A
A.
%
Febr
1.40
9
160
100
luo
HV2
99%
.
3.15
*
•
...
Jun
1.12
65c
:
80
.18%
July
28c July
18c July
5
15c *
99%
Toronto Slock
Jan
90c
59o
5,061
6%
6
40c ' Mar
r
Apr
31 %c
3,200
64.
10%
A———
"59c
610
,
;
I2%c
13%
Canadian Fairbanks common..—"
42
Jan
101% Jan
12,700
1.20
9%.
18
_
A::-
—
• *'
17%
Mar .'
27%
7,000
s 37c,.
9%
common—.
,
3.80 July
108% Feb
; -14,600
108
..100
25 %
Sep
5% July
35
79c
2,331
63,575
2,288
26%
;'A-.AAA
15% May
-
Oct
750
;
Feb
87c
Sep
'
35c,'. .40c
23
...
Langley's
Paving
Preferred
Standard
common
65c
A16y4 Feb
3.65 Jan
11
710
27,
v
Oct
'""He
a
93c
200
,,
Slscoe Gold Mines
Sladen
65c
Ar r'"M
15% May
Jan
50c
278
105 105%:
—.
16c
1,000
122
Mlnes^.————A—1
Dalhousie Oil
.r
—.
10,000
*
12c
4.15
'
Simpsons Ltd class A new..
-
4.00
91c
Uchl
12% Sep
.
July
36
30
478
32%
82c
Sep
13%
59,900
6
Sep
Sep
1.00 Sep
1.66 Jan
10
A
56c
•
11
1,062
;
11%;
6
30c
295
2,200
39%
12c
'
19c
16c
,
26c
Bonds-*-
r
26% Mar
July
1
Slck's Brew
1'
m July
*
1.63 Jan
July
Creek—:———
6O0
2,907
,,
'-
Feb
bGeep
•
9.60
23
Tellorex
Jan
35 c
—,
Feb
-9.25
200
Tmlr Yankee Girl
Feb
7c
21%
-
Feb
3.10
24c
Apr
30c
Mines
>13%
*
Wright Hargreaves Mines
Jun
11%
Gold
Wlnora. Gold
Jun
39%
Sep
Sep ■■
3.80 July
211/2
Bherritt-Gordon
14%c Jan
Oct
:1c
8% Jan
-116
Jan
25%
1,485
12;
4,000
May
,
1.93 July
4.00
-
100
Aug
16
;
9%
•
„—
Jun
A 58
4,380
119%
:
common
Jan
25c
Oct
Aug
Shea's
___,
40% Jan
Feb
2,000
56c
Jan
32
a
;a 130
May
,45o
5,fit31
'*
;
—
Preferred—.
Sep
6Y2
9
"■
? 12%
26% Jan
25% July
;
July
12c
605
27
;
8% Sep
Sep
A
10
Apr
"12% Aug
15o
4,400
~
26
10%
26c
:
STOCKS
i
8%C
22c
.
'
Oct
Jan
1.80
2.E5
common—__
——
Grocers
WUtsey-Coghlan Mines
Winnipeg Electrio common.—
Apr
1.57 Mar
Sep
'
Class
38c
Jan
15
11
285
3,000
4.00
7C
7%
20
•:
21,500
"
15c
8c
■■
1,345
-
Oct
12
10
18c
A.
13% Sep
450 "
31%
47% ; A
-
July
103%
Oct
85o
Jan
39o
15%c July
103%
10 '
9,000
9%
•
l
Products
Westons
;
16% May
Sep
1,015
151/2
11
Apr
May
-v
64c "Feb
July
9,800
15c
13% May
2.25
.
17c
_____—_1
j
Western
Jan
16
Aug
75c
48c
132
,
39% Apr
9% Feb
12% July
34c
1
14
Jan
104%
2,966
■ ;
12
.
7C
N
.9.10
1
West Malartic
Maf
93o
July
30% Sep
7,500
•
common.
—————————
10
^
i
2.25
.;
'
—1
24%C Apr
30c
300
25c
1
Industries new
Ryanor
170 A July
Jan
Sep
10% Sep
7%c Jan
1,000
13%
15
"
,
9 ,9%
7c
a
'
Wekusko
Apr
1.1)9
a
Oct
23 .24%
Lake Gold
Rush
10
26,300
13
;
Jan
11%
11
85
14
•
15 %c
31 Va
47%
.^
--
•
•
Apr
40C
July
20c
:
12
'
18c
'
—•
Apr
1.15
Jun
20c
70c
Royalite Oil
142
50
a
.
1.07
14
9%
•
1
Waite-Amulet Mines. Ltd
:
22 %c Feb
Jan
4,700
Royal Bank
Feb
1.25 Feb
16
jl
"12
.
Walkers (Hiram) common
Wasa Lake Gold Mines
Jan
23% Jan
8
May
31%
Oils Co—,
Roxana
'
14
A
—80
_*
Ventures, Ltd.
Feb
July
■
40c
97c
a*
A—,—
__
Villbona Mines
Jan
17
~72c
-
15
27C
;x
46%
Jan
July
16
1
Jan
175
20c
23c
103% 1037/a
•
—
1—1 A?
,
Steel
11
;;
8
•
103%
<
»
Mining
Corp class
United
50c
31%
•
,c_
.
Rochette
Apr
36
AAA-"].
Upper Canada Mines Ltd..
7,944
*
Cotton
Robinson
113
.
1.100 A
Apr
3,267
-
*
Class; B
69c
/
" ;A-- > AA.:A.'A
United
55% Sep
1.20
32C
Feb
2.40
Aug
36
11%
,113
1.25 May
1.20 July
25c
;
■
12
11
Feb
May
100
165
12
;
Union Gas Co
3.30 Feb
•:
1.00 Sep
69c Mar
-
3,000
;
I21/2C 12 %C
1
'
165
11%
,1,00
—___
Apr
Feb
10
1
.
Mines—.
42
a
preferred-.—100
Westeel
-
26c
——•
—
8,800
1,300
6,550
41%
42
a
Finance
Oils
Jan
c
1.29
RegCourt. Gold ———.—,.————1
30c
i
100
Mortgage
Preferred
Reeves
1.35
' A-
*
—*
-
17% Jan:
July
51
240
^
16%: V
::
;50o
29c
5.35
1.65 Jan
;
45c'-Aug"
1,000
90c
100
common.
47c
■
—7,'
30c
'
_________
'
Sep
12% Aug
*
5,000
,
;
86c
82C
82c
151/2
Quemont Mining
1.60
II,400
;
ill
1.05
200 :
/
.
54%"'54V6
1.05
Quebec Manitou •______—L—^__1
yueenston Gold Mines;
Quinte
13
-
54y4
40
~
1.75
14
-
aaA
1
15
.
1.25
47c
1
Mines
v
Vicour
rremier Gold
7% Aug
July
.
Jan
36
;
10% Sep
39c
'
.
80c
335
1
;
Gold
United
76c
57c
Aug
38c
—
11% July
3.05 July
12% Aug
12 045
6V4
54 Va Aug
Sep
Traders
Jan
1
t c__—
27 Va May
22
20
40c
__
Towagamac Explor
Feb
4.95
•
v
6%
6%
1.95 Jan
1.00 July
Sep
52% July
5% July
200
20,000
—
Transcontinental Resources
Twin City common.^
28% May
47o
—.1
Rouyn
common—•
r
4.200
•
45c
:
Jan
Powell River
Powell
54
42c
Toronto
1.95 Jan
July
Porcupine Reef Gold Mines—
x
24%
53%
Feb
1.09 Mar
4.10 Feb
43c
Class A
Feb
2.70 July
14c
6,334
.
32C
Porcupine Peninsula
1.10
23%
3.25
July
•
Tombill
1.06 Feb f:
40c
Jan
,
1.00 July
I.800
1.20
_1
1.07
24
)'
Jah
Juh
Oct
2.15
Thurbols Mines
.
Feb
3,000
1.11
l.io
53%
•
__J__50
,
45o
24o
Jan
17,800
1.25
Feb
Jan
10
1.50 July
25c
12
General
35c
12c
_*
Mines of B C
81,165
4,033
3.50
Iron
July
7c
17c
Apr
4.45 Jan
July
July
12
Toronto
10c
•52c
„
Mines
24,092
41c
2.30
9c
3.30
Jan
23,000
L
:
—
Gold
2.55
10
-J
Photo
20c
*
Thompson-Lund Mark Gold Ml jes
Feb
11c
—
,—
1,000
9,000
3.40
Toronto
2.85
46c
7c
1
1
J—
2.25
'v
1
Feb
35
.
8%c Aug * a
50c
—1
...——
25c
; 10c
2.52
Toronto. Elevators
10,600 ;
14c
18C 23 %c
V.
1.00
UC
Malartic
Paymaster Cons Mines
25c
-9%c
25c
..—J...
1;65 Jan
July
4,700 '
30
51VaC
Parbec Malartic
Partenen
75c
29
12c
Pandora Cadillac
;V
__
——
Teck-Hughes Gold Mines
1.10 May
h
Aug
28
3,000
72c
1.30
Porcupine Mines Ltd.
Pamour
50C
55c
29'/a
—
7o
300"
V
8c
'
95
A 40c
2.25 Sep
7
Jan
20
.
2.25
—.__—
Preferred
Jun
57b
Oct
13%
"
72c
(new)
97/e
37c
common..
Taylor Pearson & Carson
26% Jun
13% Mar
20c Juiy
28c
1.10
1.181
Petroleum
Hersey
17,150
2.25
Taku River Gold Mines—
Oct
55c
Pacific
Sep
Sep
July
13o
Jan
14c
Eastern
Page
77
3.500
7
1
15c
Toburn
Pacific
97/e
-a_
•
^
1
1,200
1
.
155
•;
——50o
Consol Gold_,
Sylvanite Gold Mines
.
6,600
10,500
198
.4—•—
:
9%
—1
26c
V 544
—
Sturgeon River
Sep
17c
16
Mines
Apr v
6 V*
20c
20
Lake
90
85
;;
20% July
92% July
Jan
.73
"■
9%
26c
19
1
'
.
11
665
i
1.40 Feb
Jan
17c
13 Va
Mines
:
50
81
'
—100
Preferred
—
Oils
Coal
15C
14
Pacalta
Sterling
85
!
nigh
Low
17%
79%
/';v'^a12;a.a:'15c':a-17c1';
: 2.27
2.25
2.35 '
1_
Mines—
15C
—1
19
Osulake
Jan
iron
20c
,
—— -
Orlac Red Lake Mines
Oslsko
25
Steep rock
'
80
Bange Since January 1
High
17%
'
Steeloy Mining Corp
5% Sep
'
_X.
Gold
Preferred
Jan
5%
100
'400
*
Orenada
,
Low
,
common_«^_,—a •
Apr
8ullivan
——
Canaaa
22c
July'
'"
Crush common——x—•
Preferred
ot
33c
Oct
100
v'
1.78
6
Co
for Week
Shares
.
efPrloes
•
95c
Oct
8c
bteei
,
2.24 May
Jan
10c
30c
60c
:V
6
6%
60c
,
--
——l
Ogama-Rockland
——
OLeary Malartio Mines—;
Omega Gold Mines-—.-.
Omnitrans Exploration
Orange
1.03
6,700
,
;
Mar
.
Par
^
Stedman
Jan
15c
Sep
6c
35c
Sales
Range
Sale Fries
High
500
6
60c
AAx'X^A'A 1'
-•
—-_5
Gold Mines-
O'Brien
-
Week's
Last
1,000
9,980
,
.
.
30C
40C
8%c 10V2C
9%c
.1
Mines———
Inca
North Star Oil common—-L
15c
.
35a/
—v
Mines.
Norseman
15c
1.55
16c
1,40
1.45 ;c :
„«
Friday
:
Range Sine* January 1
Low
'
_—x,
Minea
Northern Canada Mines-
.Ndrmetal
O'/aC
""
4
STOCKS
Sales
Shares
14c
6%CV
14c
.;
1
OCTOBER
for Week
.
High
Low
Par
-*■
Week's
Range,
of Prices
FOR "WEEK ENDING
RANGE
Sep
27% May
3Va Jun
A 2,15
Sep
9V4C Oct
7
Feb
5 00
Feb
33c
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4S31
.Volume 164
OVER-THE-COUNTER MARKETS
Quotations for Friday, October 4
,
../
.
For Quotations on Real Estate Bonds
Specialists
1
;
Shaskan
s'
•
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
40 Exchange Place, New York
5, N. Y.
Tel:
DIgby 4-4950
Bell
Teletype NY 1-953
Investing Companies
■
:r,:
■.
Mutual Funds—
y
:y
(Cont.)—
Keystone Custodian Funds
'1
Series
% 18.31
K-l
Series
7.31
1
Aeronautical Securities—
; Bid
Par
Bid
par
.
K-*2
"
1W»
Affiliated Fund Inc
Amerex"
4.45
10
Holding Corp
American Foreign Investing_10c
Assoc'ted Standard Oil shares—
Axe-Houghton Fund Inc
Axe-Houghton Fund B
7.71
15.80
6
1
Bond
lav
Boston
of
Tr
■../■"
8-4
5 4.73
Knickerbocker
Manhattan Bond Fund Inc—
•••
10c
8.27
Mass Investors Trust
1
25.82
Mass
1
13.96
10
13.81
Common
X "
—
Invest
Natlon-Wide
Balanced
Fund
2d
Investors
Mutual
18.03
v.
'
i
5.46
Fund——• ,111.23
Fund—10 ; 50.08
Fund
Loomls Sayles Mutual
Loomis Sayles Second
18.63
Fund. Ltd
•; ■
$ 12.02
Series
21.99
8
Fund Inc
Bullock
8-3
99.38
America
Broad Street- Invest Co Inc
/y-'y-
Series
5%
1
Blair & Co
Fund
Inc
shares
'■
—
4.35
•
30-87
1
14.01
National Security Series—
Bond series
10.65
Aetna
National Investors Corp
Chemical Fund
13.83
V
*
1 :
Aetna Casual & Surety—.
1
1
Ltd
com—100 2,700
Christiana Securities
Preferred
100
-
—1
Commonwealth Invest—.
Delaware
Fund
-88c
.
American
Automobile—
7.93
10
1
2
Fundamental. Trust shares A—2
England Fund..-
:
Inc—
Bank
,.
Mfrs
Casualty
10
20
Chemical
:
:
Agricultural
15 A-
9.81
shares
7.79
——
12.17
9.00
shares—
Building shares
Chemical shares
Food
Fully
shares-.
—
Administered
General bond
—
shares—-
National
Union
i
-
■
Metals
New Brunswick
10
25
New Hampshire Fire
New York Fire
10
47%
Fire
i
0
22
%
North
7.06
Railroad equipment
8teel
Investing
Northeastern
10
61
Northern
RR
Equipment shares
Railroad
stock
Putnam
Republic Invest Fund
6hares—
5.05
Tobacco shares
4.43
Utility
shares
Huron Holding
1
,
Foundation
Common
Fund Inc
»
lOo
;
Union
Fund
Bond
Institutional
;
Securities
23.60
■
89%
Republic
ll7/8
Revere
1934
St Paul Fire & Marine
series
Series
B-S
Scries
B-4
&
Corp__ .10
Marine
& Republic
&
8%
67
10
45
10
30%
91
American
_fl
27%
U S Fidelity &
U S Fire
10
24%
U S
\Q
941/0
Westchester Fire
Guaranty Co—2
C—
'
1
#4Par
Bonds—
18.26
_
V*
3s
-Par
.
1976
104
1971
101%
101%
1970
100%
100
1976
Yonkers El Lt & Pow 25/8s__1976
104%
Columbia Gas & El 3%s.
101
Utah Pow & Lt 2%s
96
94
101*%
2%s
1961
98*/a
Preferred Stocks—
Allis-Chalmers
99%
3%%
92%
Illinois Power Co 27/8s
shares—
1976
103'A
104
American Airlines 8%%
1976
101
101%
Central
Kans Okla & Gulf Ry 35/8s_1980
Lt 3%s
1965
1956
Lt & Pwr Shares
102%
Ohio
1975
104%
1975
98
Laclede Gas
A_.
Maine
Monongahela
Public
Power
L
Power 4.40%__100
Service
100
100%
100%
Public
101%
Serv
(Ind)
3.50%——
Ruppert (Jacob) 4%%
100
101
Scranton
Public
2%s—
Service
&
2%s
Coke
3%s_1976
Electric
3.70%
100
97
3.35%
1975
101
Scranton Spring Brook 4.10%
Sioux City G & E 3.90%
100
Scranton-Spg Brook 2%s__ 1976
Sioux City Gas & El 2%s
1975
100
Union
100%
Willys
101
Public Serv (Okla) 2%s
Home Loan Banks—
0.90%
Oct.
98
Transm 2%s__1966
Oct.
Dollar
Certificates of Indebtedness—
t'/sS Nov. 1, 1946
$%s Dec. 1, 1946
—
t%8 Jan. 1, 1947
*%s Feb. 1, 1947
100.3
100.4
100.4
100.5
I8ept. 15, 1947
tSept. 15, 1947
*8ept. IB, 1948
1%%
lVt%
100.10
100.11
1%%
100.24
100.25
100.17
100.18
'
$%s March 1,
JVaS April 1, 1947
.0167
■'
.0216
.0264
.0222
.0352
.0177
.0324
.0199
.0361
.0217
.0396
.0242
.0437
Sept.
1,
1947
Oct.
1,
1947
—
„
b0.375
Nov.
,
29,
Dec.
5,
0.33%
Dec.
12,
0.33%
Dec.
19,
b0.375
0.34%
Dec.
b0.375
0.34%
Jan. 2,
-
1946
31,
1946-
14, 1946-
1946
1946
0.33%
b0.375
a
g
Odd
lot sales,
Formerly
sale—not
livered.
z
*
J7/aS
62
—
k
Nov. 21, 1946
_
0.28%
Nov.
.0193
f%S June 1. 1947
t%s
4%%_
1946
1946
1946
26,
1947—
.0184
t%s July 1, 1947
t%s Aug. 1, 1947
■
Ask
V?
Nov. 7. 1946
.0170
.0136
1947
1946-.
24,
Oct.
Price 100 Pins
Bid
Ask
.0062
.0117
.0108
.0100
.0106
;
b0.375
b0.375
Oct.
Figures after decimal point represent one or more 32ds of a point
Maturity—
17,
,
10, 1946-.
Oct.
Quotations For U. S. Treasury Notes
1%%
Overland
100
103%
*103
quoted are for discount at purchase
Bid
Treasury bills—
1%%
$3.75
United Stales Treasury Bills
Bates
tMarch 15, 1947
(Cal)
Issues
U 8 Conversion 3s
Panama Canal 3s
1946
Oil
15, 1946
Other
15,
97
103
< 100
Tenn Gas &
Federal
107%
3.90%
1976
Ohio
Power
82
92
Pennsylvania Electric
Philco Corp. 3%%
Portland Gas
Obligations Of Governmental Agencies
-
3.50%
Pennsylvania Electric 2%s__1976
Philadelphia EL Pow 2%s__1975
Page 1740
99,
Par
Iowa Pub Serv 2%s
Trust
Bic
Texas Power & Light 2%s_1975
1966
Calif Elec Power 3s
FOR NEW YORK CITY BANKS & TRUST COS.—See
$Dec
' 31%
6.33
Montana
Ask
' 18"*'
10
2.80
8.07
19.81
Monongahela Power 3s
Series
U 8 El
Bid
' 49
4
Guarantee
'
43
-
89c
Independence Trust Shares-
Int. Bate
590
B,,18.94
Series 1955
Maturity—
28%
100
'22.42
Series
North Amer
—
104
10
Travelers
Gatineau Power 3s
:
25
Standard Accident
25
Fire
"■
28
22
12%
15
Hartford
6
10
HO
Fire
15
com__
Hanover
Unit Type Trusts—,
—
■
32
2
(Texas)
(Paul)
preferred
2nd
—10
(NY)
Security New Haven
Springfield Fire 6s Marine
47
8
Rutgers Fire
Corp
Seaboard Surety
v
18%
8
Globe
Providence-Washington
Reinsurance
33
10
Glens Falls Fire
Globe
Diversified Trustee Shares—
B-2
Series
47;,
0
F»re
1 y
.1
B-l
Series
Fire
Gibraltar
American Airlines
if America—10
'
12%
48.50
25c
A^-v
Welllngtou Fund
Keystone Oust Clan Funds:.
Franklin
—
Investors Fund O
8
6.49
Union Preferred Stock Fund
Stock and Bond Group shares-
Investment Go
Preferred Accident
96
72c
Unicn Common Stock Fund B—
Ltd—
Aviation Group shares
Bank Group shares
Insurance Group shares
v
B
Series
—S
Incorporated Investors
74
10
2*4 y 12.62
Trusteed Industry Shares
1.68
55
10
Fireman's Fd of San Fran
Firemen's of Newark-.-
Great
Sovereign Investors
1
Utilities ■ -———10c
,
10
54
101.76
State Street Investment Corp—
Income
28
168
3%
Standard
%
.
10c
Selected Amer Shares
5.16
Corp
,
Scudder, Stevens & Clark
Fund, Inc
——•
4.41
65
.
Fire
Indemnity Co
Phoenix
10
3.59
<'» Y'
Pomeroy
4.36
Steel shares
1
3choellkopf Hutton and '•?
3.21
—.
•
Pacific
v
31
10
Trading——'20.00
(Geo) Fund
1 ^ 15.24
6.26
shares
Petroleum
,.
20
&
4.82
Mining shares
80
"
'
■
Fire Assn of Phila
General Reinsurance
Petroleum
10.18
Railroad Bond shares
■
Fidelity & Deposit of MA
8.30
.;
5
12.50
44*/a
26
21
5
Federal
7.09
,-
—-
JO
11%
2.50
19
0 /
25%
Pacific
Tobacco ■■...i.i.-.—10.74
7.75
—
——
Low Price Shares
Merchandise shares
River
10
7.68
—
2
8
5.70
9.86
142
64 %
Casualty
6.52
Industrial Machinery shares-.
5%
20
65.
Employees Group———•
Employers Reinsurance
10
11.79
Public Utility
Railroad
8.26
2
Fire
Amsterdam
Connecticut General Life
7.67
Oils
50
10
Continental Casualty
Crum & Forster Inc
13.84
'■■■ —•'
6%
23 %
10
28
New
& 10.00
'
.
5%
(Detroit) —10
Liberty
5%
City of New York
stock..,.—...,,:>1^:.9.83
Machinery.
Merchandising
Institutional bbnd shares
y
—
4
National Fire
''
10.22
5.34
7.56
shares
Speculative
equipment
Insurance
■
6.45
Electrical Equipment
;
Electrical
6.14,
7.70
8.29
Y
2%
Camden
11.70
Diversified
National
39 y.
lo
N
Bankers & Shippers
Boston
,
shares
Automobile
Aviation
■
25
4
54%
y
'
A
Fire
National
" 8.78
V 13-57
—
10%
84%
8
Baltimore American
I 10.40
—.
Equipment
1
12%
Fire
Surety
Diversified Investment Fund—
Group Securities—
10%
6.84
stock
Business
Casualty
Massacnusetts Bonding
Merchant Fire Assur
Merch &
Reserve
Automobile
11.93
Building supply
Maryland
9%
15%
Monarch
American
—
34
29 */a
Re-Insurance
——-
Aviation
86
20
A 16%
American
12.26
Automobile
-
14%
10
Jersey Insurance of N Y
10
American of Newark
; -16.60
*•*"
*
30
;
10
2%
3.78
American
1
Agriculture
5.84
4
38
24%
1
Fire
Insur Co of North America
"18'A
10
5.87
New York Stocks
42.42
,—-*
-I
General Capital Corp
v"
_
1.98
38*4
5.58
14.33
5.68
Fundamental Investors Inc
General Investors-Trust.
series
New
Home
75
Casualty
5
American Equitable
5
American Fidelity & Casualty.8
Par '*'sBid
Hartford Steamboller Inspect._lu
Homestead
American
3.77
24.18
Fund Inc
Industrial Fund, Ino_
Fund
Stock
/ 15.26
Financial
Mutual Trust
Alliance
6.92
' 3.98
Speculative series
24.50
1
•
Fiirst Boston Corp
First
American
:
47%
28
Agricultural
■
A•
80
10-. ; 47%
6.82
Low priced bond series
Bid
"
10
_
—
series
.
Selected series
Balanced Fund
Life
—
stock
"Par
10
7.03
4.91
—
Low priced stock common..—
Preferred stock series
1.49
•
-■
Aetna
.
t Stock Fund
Fidelity
.
series
Industrial
:
18.37
A
f-...
Eaton As Howard—
Income
y
5.91
1
Dividend Shares
,
149
'
Insurance Companies
Securities—
Century Shares Trust
Canadian Inr Fund
14.93
v
/
8
—
Corp
25.67
S-2
.
10.56
Beneficial
23.15
Series
:
4.20
1«
American Business Shares
Series S-l
31'A
1946,
Club
x
b Yield
Aluminum
Included
In
range
price,
Utensil
c
Cash
Ex-dividend,
y Ex-rights.
Alfred Decker & Cohn
Formerly
a Deferred
saie.
delivery,
e
Ex-interest,
f Flat pries
k Removed to Stock Exchange, r Canadian market, s Cash
t Ex-stock dividend.
(Un) Unlisted issue,
w d When de¬
Co.
for year,
Inc.;
name
changed
to
Society
Brand
Clothes
July
29
and common stock split on a 3-for-l basis.
•No par
dividend.
value,
tin default.
JThese bonds
are
I V
.
^subject
~
to
all Federal taxes.
IEx-liquldating
FINANCIAL CHRONICLE
THE COMMERCIAL &
1758
Monday, October 7, 1946
Week
BANK CLEARINGS
THE COURSE OF
1945
•'';,.:vS;..
with a year ago.
telegraphic advices from the chief
cities of the country, indicate that for the week ended Saturday, Oct. 5, clearings
for all cities of the United States from which it is possible to obtain weekly clearings
will be 24.9% above those for the corresponding week last year.
Our preliminary
total stands at $14,609,399,626 against $11,695,375,110 for the same week in 1945.
At this center there is a gain for the week ended Friday of 24.6%.
Our comparative
will show an increase compared
clearings this week
Bank
'
••
.
.398,502,293
+
668,000,000
566,000,000
437,687,390
335,445,685
+ 30.5
178,858,175
i-.
+ 49.8
273,876,000
,
189,656,794
216,675,004
K 166,776,463
126,596,815
$8,108,234,783
+ 24.6
/; 2,073,938,750
days—.
21,486,200
1,661,381,130
...+24.8
$9,769,615,913
1,925,759,197
.+25.8
■
■"
•
.
F "
.
'./•
'rv.y
'
:;
,
+20.1
3,990,440
+43.3
4,209,433
4,054,962
"238,900,682
'
'
j
.* 253,577,995
5.8
287,792,817
271,678,589
638,564,444
649;i76,383
*'
"
.1 ■1 ■
■
.
'i
—
>
'
.15,507,100
.1,957,882
2,554,955
i-
■
'u.:vV
.
.
_
,5f
-7
'
'
*
•
V
^.<vv-'r*+
•
J ?
n
iv
'
"
1,967,597
8,620,000'
130,328,541
-
;
1,255,209
6,253,006
+ 56.7
5,737,000
+ 18.3
93,783.588
44,767,709'
'
+ 25.9
292,089,523
:•
385,764,881
1,224,846
1,211,448
'+ 37.9
110,194,093
1,970,640'
141,953,073
t
3,254,522
181,263,348
60,330,873
■
,
6,030,000
;
„
115,570,281
1,944,737
2,558,610
27.7
150,895,668
148,631,^90
+ 34.8
38,517,082
42,090,607
+ 65.2
+
306,393;724
>
316,106,234
'
.
+"'j
District—Atlanta-
t
Federal-Reserve
,
A.;.
i-
4
v' h
•
'
14,613,822
.
/
11,4^23,401
+ 27.9
9,609,636
55,411,903
>38,058,940
+ 45.0
197,400,000
34,775,001
144,900,000
;
Nashville
•1
—
139,800,000
+ 41.2
4,231,537
2,382,268
'+77.0
2,291,558
+
29.7
-
V68,460,485
1,767,208
.46,553,531
Macon'
.72,270.985
'
■
—
-
Florida—Jacksonville
50,250,463
+
-
Alabama—Birmingham—
Mobile'
•v
(lb
Ttotal
r
:'•■.' iki- '■
\
-
Reserve
762,02t
4
4,169,35a
390,793,245
45,605,288,
Iowa—Cedar Rapids.
.
.
—
......
4,523,283
,,7,654,065
35,009,735
2,107,605
17,316,067
1.5
—
,8,043,370
,
+ 26.8
40.0
+
32,933,038
1,910,010
14.7
+
5.4
625,799 K
•«.; 516,044,479
1,534,904
6.713,767
2,273,397
•3,447,410
2,383,830-
31,503,000
3,760,332
+
+
p caucagb;A/--:
27,179,000
94.5
+
•'•'*•'
9,251,065
762,185
625,062,369
jy:
2,189,153
Ka. 6,950,017
Illinois—^Bloomington
^
1,663,260
.3,374,707
3,099,732 v^.
59.1
+
+ 27.1
2,338,204
•,
25,278,167
300,489
5,830,537
■'i 3,215,757
'
18,058,210
8,775,600
=9,682,159-
.
Des Moines
K.Sioux City
490,100
5,808,888
4V014,847
53.5
+
+ 27.4
27,318,000
2,737,592
•11,371,154
35,955,058
11,197,643
Haute.,
Wisconsin-r-Milwaukee
Springfield'r?^^:i:—^
383,261,632
+ 46.5
519,994
I
34,732,000
^0,323,612
-
r
5,389.774
,.3,512,711
2,619.960
4,475,730
South Bend—
/'
+36.6
4,255,814
297,118
...
District—Chicago—
.8,274,280
Decatur
80,070,816
388,602,456
DansinRi^:—
Indiana—Fort Wayne
Indianapolis
- :
90,149,563
^V-■
Michigan—Ann Arbor.
Grand. Rapids
Terre
25.5
+
f
Federal
+ 43.3
+ 27.1
530,676.021
—Lm—.
r.
Seventh
52,882,193
4,36?,849.
>267,939'
?
383,681>
2,682,407
39,059,534
53,729,959
4,567,251
353,287
28.5
67,735,857
5,546,010
;
cities)—^.-
+ 47.1
110,066,040
s
Mississippi—Vicksburg
Louisiana—New Orleans
153,200,000
2,403,165
-1,735,765
41,077,607
.
■-
•
10,403^021
38,-539,087
4
2,363,563
'-
Georgia—Atlanta
Augusta • --—;
"
- v,
+13.2'
602,578,342
682,202,112
'/ft WtUy...
Total
J.*
'
by Federal Reserve Districts:
furnish a surhmary
V;
2,941,392
(7 cities).
Sixth
increase of 13.7%^ thfe aggregate of j
clearings for the whole country having amounted to $12,612,074,652 against $11,092,527,935 in the same week in 1945. Outside of this city there was a gain of 24.5%,
the' bank clbarihgs at this center having recorded ah increase of 5.5%. We group
the cities according to the Federal Reserve Districts in which they are located and 1
from this it appears that in New York District (including this jcity) the totals i
show an improvement of 5.9%, in the Boston Reserve District of 2l.8% and in the |
Philadelphia Reserve District of 17.5%. In the Cleveland Reserve District the totals !
ard largef by 13.2%, in the Richmond Reserve District by 25.9% arid in the Atlanta !
Reserve District by 36:6%; The phicago R^erve t)istrict has to its credit a|airiof<
22.4%, the St. .Louis Reserve District of 39.3% and the Minneapolis Reserve ]'
District of 35.2^ Cri thCT Khhsas City Reserve District the increase is 25.5%, in the i
Dallas Reserve District 34.7% and iii the Sah Francisco Reserve district 2*6.6 %, •
'
t
Tennessee—ICnoxville
For that week there was ah
*
18,501,600
Fifth, Federal Reserve District—Richmond-
+ 24.9
results of the week previous—the week j
able to give the final and compete
*
247,683,579
17,794,300
3,532,522
Sou^h CarplinA»-^ChArleston
—
Maryland,—Baltimore
District pt Columbia—Washington-
the last day of the week in all cases has to be estimated, f
detailed statement, however,.which we present further below,H
'
102,193.828
1
; 5,716,424
.
Virginia—Huntington
Virginia—Norfolk
Accordingly, in the above
'
r
+26.7
+ 16.1
West,
+ 24.6
2,434,983,271
•
3,813,243
100,082.928
223,307,938
„
^
$12,174,916,355
•' '
4,209,273
+27.8
;
—
we
+60.2
206,309,270
Richmond
** '•'■■■
•;
■
261,412,031
.
\.
~
3,874.505
Total
details for the week covered by the foregoing will appear |
next week. We cannot furnish them today, in as much as the week :
and the Saturday figures are not available at time of going to press.
theifolldwing
District—Cleveland—
133,383,140
Complete and exact
r dh
1,619,200
696,670,972
670,385,333
'
144,948,806
•
are
;
4,837,40(1
684,007,393 + +17.5
A.V
'■'■f'f'THW
v4:23.1
155,832,726 iU
ended Sept. 281
+ 32.2
6,205,447
.
we
Reserve
Youngstown
———
,
In the elaborate
+ 78.7
+ 29.9
—
$14,609,899,626 $11,695,375,110
ends Saturday
Federal
Pennsylvania—Pittsburgh
6.8
+
202,600,300
:
.Total all cities, five days.
issue of
t6,006,804
.'.3,078,153
V
803,384,478
Mansfield
>
+15.6
$10,100,977,605
our
.1,725,113
'
Cleveland—
in
+ 166.3
(Cleveland
—
1
day—
2,679,948
1,620,986
4 1,977,976
; 2,153,422
.Cincinnati
+ 28.6
152,000,000
316,657,000
Pittsburgh
Other cities, five
2.534.160
1,122,804
,
5,499,560
1,851,750
2,273,569
.2.2
—
*1
Columbus
230,043,184
one
r_.
,
Ohio—Canton
—
San Francisco—
All cities,
■ ■
y
.
'
30.3
228,700,000
City
Baltimore
+ 13.6
+ 53.1
•
+7,939.137
,
Jersey—Trenton
.
670,256
654,000,000^
+ 16.8
2,139,699
4;J1»,004
Fourth
+ 18.0
St. Louis__.
•:. -<
668,000,060
2.655.624
Delaware—Wilmington
+ 24.6
519,315,970
Eostori——.—
.
2,326,251
678,000,000
+
ft
1945
$5,720,522,558
Philadelphia—
••
2.214,467
2,431,193
;
—
Chicago—_—
Kansas
951,048
2.4
2,525,468
■
$7,125,466,031
New York____
700,889
•
Total (10 cities)
1946
Week Ending Oct. 5—
.
+ 20.0
York
''k''ky
f' vV- r.v' V" i
Clearings—Returns by Telegraph
655,350
2,176,452
.
640,169
496,129
A.ofin 7ng
1
a
4.4
2,129,095
.
-
v' 480,802
+
Wilkes-Barre
\
,
,
'■
*
+ 66.1
2,585,837
780,000,000 1
Scranton
t
"M
r'
588.006
:567,653
•
>
Philadelphia
Reading
a;
1943
786,625
—_
—
Lancaster
New'
for the week follows:
1944
Dec. %
592,900
976,756
Bethlehem
Chester
28
or
^Third.Federal,Reserve Dlstrict-^Phiiadelphiai+-,r'f •
Pennsylvania—Altoona
Preliminary figures compiled by us, based upon
summary
Sept.
Inc.
$
i
$
Ended
:
17,053,812
6,387,537
501,506
497,996,250
1,704,102
5,516,592
+
CP
1,910,999
4-21.1
+ 42.6
H
7,799,581
•-
:
+ 21.8
+,3.5
+ 51.6
+ 43.3
.1,696.520
5,848,160
K
1,779,221'
.
512,787
.
489,973,183
v/' 2,486 396
y
2,038,087
.
SUMMARY, OF BANK CLEARINGS ; ^
Week Ended Sept. 28—
1940
,' ; ' • 1945 V
Inc. or
Federal Reserve Districts \
v.,
^
1st Boston
—L- 1? cities kk 541,826,870 ■
444,73^829 +21.8
2d New York"^——12
"
6,86f,995,577
6,485,132,604 f 5.9
10
3d Philadelpliia
l6 •• . ?:•
*
: 684,00f,39$ f 17.5
-;••••
-
'
1043
1944
'647,451,863
792,546,291
Total (17 cities).
7
+22.4-
620,098,338
62T,189,969
+ 37.6
,
"
445,628,073
6,115,695,617
V1
y*
i
378,698,615
^
'
v
ff t ' i*" ^
*
;
—
638,564,444
13,2
649,176,383
682,202,il2
602,578,34?
5 th
Richmond
385,764,881
306,393,724
+ 25.9
292,089,523'
+ 30.6
383,261,622
8th St;
•
9th
10th
■
530,676,021
792,546,291
647,451,863
+ 22-4
620,098,338
Louis...4
"
405,863,120
291,337,347
+ 39.3
295,934,003
237,76 i',918
+ 35.2
200,651,452
232,104,034!
City.-—'-—I' 10
"
293,049,263
4- 23.51
274,279,264
280,194,806]
16
"
220,327,734
163,611,478
+ 34.7
140,088:184
142,732,432
Francisco——; 10
"
Minneapolis
Kansas
ill
San
We how
week
k
add
our
546,969,718
+ 26.0
520,068,879
11,092,527,935
m-1
10,529,815,284
24.5
4,579,789,217
the
detailed statement
V
-w^_
229,099.942
Paul...67,600,601:
Dakota—Fargo.
5,313,505
Dakota—Aberdeen
"
-2,648,801
+
?8:'0
,4,072,35?
+
2i'.l
327,350,814
1,348,106
i;i'39,976
67-2
+
4*
>+
"?
.+
•,
—
381,216,293^
+ 33.2
Reserve
4,853,362
+ 22.7
S' 3,987,675
3,661,846
4-22.3'
16,089,146
+ 37.0
Buffalo
Elmlra
54i;826,870
District—New
Jamestown
New
—
.—
S 3,146,891V
i 14,365,712
.
+42.3
5,761,993
+121
15,820,460
842.183
+ 27.7
f 444,731,829
Pueblo
1—
New
378,698,615
5,846,919
2,417,607
1,712,355
+ 121.5
d
5,884,851
+41:2-
58,796,209
+ 21.2
1,22?,096
i;4i)8,992
966,624
+ 26.4
1.203,971
+ 17.0
1:827,954
-
—
Northern New Jersey
Total (12 cities)
rK'; 49,252,356
! V; 3,056,563
'V
464,095
1,491,786 V
1,912,039
4,477,494
>.
200,651,452
+35.2
f 75,040
,843,571
■!»
.
3,706.500
*-77,448.492
■
£p-/tf;784i!(22
,5.34 5,852
232,104,034
V
58,700,000
•
>: ;
1,808,288'
62,982,906
1,178,839
987,293
906,931
•'V.
L
368,774,184
5,515,590
—
17,582,367
3;'934,000
2,150,051
Worth""———-----
Falls—
—
7,337,726
—
2.3
•C-k 242,100
3,381,396
+
+ 59.8
5,847,897
+ 35.3
.V194,466,162
+ 29.2
.
...,
0,420.438
1,045,529
943,723
2,286,246
v
6,600,747
>
191,000,000
;
—-'7.8:-+
.293,949,263
•
a
'r
53.0
+ 40.8
.
5,748,952,
' 927,458
.914,320
..
i
11
"V'i
1 ■"
'
»'
215,175
276,177
4.131,501
72,497,821
62,925,922
+ 16.2
i551,9U
>
4,780j?78
5,564,540
185,484,137
5,979,210
K
"
366,800
«
,
899:175
—
—1—
274,279,264
+25.5,_
280,194:806
2,845,101
2,960,061
113,666,000
♦15,000,000
K 4,085,000
1,429,926
i. 5,590,545
/'if
2,563,638 +115.1 >+
136,-228,000* + 34.9
y: 14,920,621
+17.8
3,068,000
+28.2
114,724,000
13,019,523
3,041,000
^
K
1,233,984
1,420,556"" +51.4'
5,415,660" 4- 35.5
5,724,576
'
163,611,478
+34.7
'94,851,922
220,327,734
(6 cities)—.
+
3,697,282
79.003,090
28,632,410
6.420,r(60
4,648,154
314,900,809
7,414,875
2,020,313
5,375,103
+
7.5
3,351,413
102,278,051
3,320,012
+
30,1
74,531,780
82,895,420
+ 50.0
.24,610,928
+ 20.2
6,710,562
3,540,279
301,518,000
7,470,456
1,572,512
5,062,705
+ 26 6
+52,7
5,258,142
6,731,559
9,506,918
7,740,326
+ 22.8
6,908,144
California-rLong
407,623
+ 23.1
338,072
455,251
——82,379,926
29,806,395
30,058,077
31,160,55?
97,444,337
3,975,584 >
102,791,710
"i*:
Beach.
Pasadena
rr.,
;
;
•
42,948,462
—7,727,862,
6,462,447
406,024,720
10,94.1,985
—
2.7
+ 39.0
+ 28.9
7,188,422
501,755
District—San Francisco-
———
V/ Yakima ——
Oregon—Portland —
Utah—Salt Lake City
.
5,844,997
Federal Reserve
Washington—Seattle
1,106,732'
12,035,428
_
252,117
4-55.3:
+ 42.5
■
Galveston''
Wichita
15,458,633
!:■(.
8,619,392
—
Newark
.-7,910,610
251,185,592
5,919,435
1,599,734
1,328,909
183,808,000'
Fort
:
445,628,073'
15,236,608
Jersey—Montclair
237,761,918
W167,079.657
41,981,147
3,073,458
-
+55.3
1.089,652 +33:1'
?,286,594] +16.9
5,168,31*. +57.3
_
'
'——
Texas—Austin
768,004
6,670,975,131
-1——.
Connecticut—Stamford
''3.420,701
■
,K; Eleventh Federal Reserve District—Dallas-
.7,372,787
6,32i,337,133
Rochester
Syracuse
89,251,^66
5,674,550'
Total (10 cities)—
18',702,800'
651,090
+21.8
71,254,458
—
York—.:
142,991,545
+32.0
46,532.382'.- +45.3
.
4,120,f189
^
A
5,280,306"
———-
___——
Missourie*Kansas '"City
19,955,019]
5,959,033
12,946,921
a
-
L
lx_
173.603,264
-/
4,722,082
+25.9
York—
——
L
4,701,013
$:
■it'■
(
i
•
Colorado—Colorado Springs.—.—
Twelfth
———
'304,911,657
6,241,432.-
.
3,026,093
■
18,708,500
8,480,910
1,075,161
—
York—Albany—w—„.
Binghamton
,*4
271,768
:v 351,606
'^St; Joseph..—-
Total
New
295,934',003
Dlstir4ctt—Kansas City-
-
Louisiana—Shreveport
Reserve
j}!
Vc1'" f'•
'
Wichita-
i,105,879
1,146,322
26:999:506^:
K ■■
1,481,970'
664,516
22,047,859
Hampshire—Manchester
Federal
+39.3
p: 8,127,222
<
Nebraska—Fremont
V? • Hastings
Lincoln
474,550^
1,344,179
,4,477,265;;{
•f
.'£.4,3?i,493*.
417,113
-3-5
&\
836,9531
950,075
5,053,566
———■
.'•"C
29.3
li79l,0^6
Island—Providence—I
Second
1,044,000
291,337,347
•
kittSHsNflf
•total (7 cities)321,456,951
-Omaha
^6i7;66r
1:742.530
Haven—————.—
,5
V-'ir 1943
+
V
468,l24',278
'
Total (12 cities)
822,849
t
-5,093,793
Helena'
city for the:
,
386:5id,6iT
^,4,629;i03
-
————
69,655,433
62,512^124
+ 17.5
%
,
4,802,290,312
28
1,133,286
Connecticut—Hartford —i.
New
St.
.
Kansas-r-Topeka
—-I.-——
Bedford——.
40.198.505
1,037,338
60,754.276
1
^41,343
New
for each
es
Week Ended Sept.
1945
,Inc. or ;+
$
Dec. %
FialiRiver—.———l———-
Springfield
170,700.000
62,858,878
4
'""Ve' .;
p.r'.'Kfg-yyf
Minneapolis
-
ftorth
Souin
Tenth Federal
Massachusetts—Boston
Worcester
•
Minn0soi»^bulut£i'
ended S&btl 28 for
Maine—Bangdr
Portland
Rhode
+
171,500,006
72.7
,
Ciekrings^ht^ ^k^ X+V- hx**-. > »«/■
First Federal Reserve District—Bosteii-
New
71
10,031,824,284-1
4,77i,190,802
405,863,12 0
Ninth'Federal Reserve District—Minneapolis—
541,631,735^
12,$124)7A;052
S, 941,699,521
Outside New York City——
/
yi
689,256,433
—111 cities
Total.
.
PStotal ](4 cities
304,911,657 \
32i;456,9M
368;774', 184
;
———:
.
11th Dallas
12tE
390,793,2451
621,189,9691
'!
Chicago
.
—„
84,473,017
79,77.1,046
1,219,057
] 316,106,2341
17
AtlantA
.
+ 21.X-
174:700,000
09.401.504
240,400,000
e
iCennesseer—Memphis—_
Illinois—Quincy
388,602,456
7th
•
Louis
•
Kentucky—Louisville
096,070,9721
(Cleveland
6th
Y
'
Missoi»+—St.
<rt0;385,3?$
4th
+
'f\
'< 1
•iv V'W."" '
r
' *•' *lr/.
iRtghth -Federal Reserve District—St. Louis—
p.
i
5,410,684,744
..
43,525,773
39,634,624
6,869,995,577
6,485,132,604
+
+
+
+
6:5
5,950,026,067
5,229,533,972
10,552,566
•12,007,873
8.6.
9.8
5.9
44,253,580
6,115,695,617
41,131,616
5,410,684,744
,
San
Francisco.——
San
,
Jose.
—,
3,136,987
Santa Barbara————————
7,802,^39
Stockton
(10
Total
-
689,256,433
546,969,718
12,6i?, 074,652
11,092,527,935
4,771,190,802
cities)'—
—
Grand
Total (111)
Outside
New
cities).—
York.—
♦Estimated.
——
5,941,099,521
fNot included in totals.
+
47.6
+
5.5.3
+ 45.2
91,700,244
35,010,122
10,568,011
4,022,277
291,726,023
)
.
,
5,936,509
1,685,239
4,189,471
520,068,879
541,631,735
10529j8i;5)284
+26.0
10,031,824,284
4,579,789,217
4,802,290,312
——-
+ 24.5
THE COMMERCIAL: & FINANCIAL CHRONICLE
Number 4531
Volume 164
trict, $38,000,000 in the Chicago District, $35,000,000 in
the Boston District; and $275,000,000 at all reporting
member banks.
United States Government deposits in¬
creased $42,000,000.
requirements of Section 522 of the Tariff Act bf ; 193Q;!ythe£Fbdefal Reserve Bank is now cer¬
^ Pursuant to the
different countries of the
tifying daily to the -Secretary of the Treasury the buying rate for cable transfers in' the
world:
We give below a record for the week just passed:'
•
Deposits credited to - domestic banks declined in all
districts; the principal decreases were $190,000,000 in
New York City and $84,000,000' in the Chicago District.
\
/FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY-UNDER TARIFF ACT OP 193©'
;
">
Z..
'
* SEPT: 20, 1946- TO SEPTi:;^6;4iI94ft;v3NCLUSrV,EA
»
♦
Noon
Country and Mqnetary Unit
,
4
Value in United States Money
Sept. 21
Argentina, peso—
$v
Australia, pound———-
.297733*
.297733*
3.214113
.022794
.022793
.022794
.054053
.054053
.054053
1.000000'
LOOOOOO':
.054053
V;,
•
'——
"•
'
1.000000
——
.961328
.■,
Closed*"
-f'-*.
.570066°
;
^
:
1
r'r;
1.000000 '
■■■*■?
1.000000
1
.962500
.
.960312
.570066°
•
.020060 ;
i^., „
v:
,7
.008408
y-y-: yyyy,
-
V
.570066*'
Sep. 18,
Sep; 26,
1946
••
1945
.208764
'.008409
.008409
.301567
>: i
-
Italy;'
Mexico,* peso———
—
-.377893'
•
.377893
;
*
.205743-
.205753'
.377893',
i
,
'
'
—
■
U.
.
brokers
or
S;
and
dealers
for
1.000000
Official—i———.---—.——fe--——.—
pound—
Portugal/escudoi^uii-i..,—'■
,A
Spain, peseta—
,040501
.
.377893:
889
38l
507
obligations^——.
36
4'
.
Closed
,
..
''' ; :
—■ '•
.091324"
..278214:. ;•
;>
r:':
.7
.
.201612
.040501*
.040501'
"
;
352
36
81
2
575
"
.278257'
..
...233629
4.005000
+"
4.005000'
.V
.-3 •*+&!
-
.562716*.
;
INCLUSIVE-
1946^
3^,001^3^:1846,
Noon
+
2,430
24
+
613
161
+
675
4
—
—130
-
—275
Sept;. 27"*::'
$+|
Sept. 28^
,
$
$
.297733*
,
Official-
^
■
Septv.30#
10,272
Oct. X':y
■■■■
';;+Oct:2+
'
-
Oct: 3'
Debits
■
$■+++
to
,
banks—
30
+ 1,137
+
42
—4,003
.
—
15
—
+
442
4
—490
—9,037
1,316
215
demand
interbank
+
5,540
—
Foreign banks—
Borrowings
-
231
145
53J
deposit accounts except
and
U.
S.
Gov't
accounts;
■
.297733*
•
.
'"r''' *x'^
:;>251247°
yv
i'-y'k
3.214113
>
Domestic
Value in Urdted States Money
1
39,492
—.v-
deposits—
U. S. Government deposits
Interbank deposits:
Australia, pound——
Belgian, franc——
23'
.562716*'
Buying Rate for Cable Transfers in New York
i''VvV;
y.
Free_l
+
-+173
10,169*
Balances with domestic banks—2,083
.658300*'
+
,
.562716*
_
Time
27;
Country and Monetary Unit
4,4891
+
3,541
..
568
2,523
■•44:
Demand deposits" adjusted——,
.562716*
.658306*
'
658300*
v.658300°
:.
.562716°^,
J.•
■■
securities—
Reserve with Federal Reserve Banks—
Cash in. vault-i—
4:005000);
,
,
229
285
.
Other
.233629'
"
;
■
-
.091324'
+
..278257
.233629
4.005000s..
.
.091324*
+
>',.278221
233629" .i'.,:.;
,
.658309*
•\'1.
.201612"
-
'Liiyy yy'-: yy
^
Noncontrolled^-'—i—.—^
•
.040501
23
7
—132
-
3.227000'
'
216
11
•
Other loans2,045
Treasury bills—
576
Treasury certificates of indebtedness—i.,
7,441
Treasury notes—
—4,743
U, S. bonds (Including guaranteed
obligations) —;
—27,230
.957500"
V?
3.226666
.201612
.091324
.
■;
4.005000
"-^Controlled——-—:—
.'L ,:'V'
.958125-
3.226333
.040501
..
1.00000(F
1.000000'
'
.958125
,,
.201612
•;;'V
,
.233629
s
v
'.297733*
297733°
.251247*
-
+251247*
3.214113
^
.
■*
,-
.
.297733*°';'
*
.251247**'
.251247**'
3.214113
3.214113
during
f
week————15,568
,
3.214113
"
.022704
.022803
.Q54053
;■
.054053
+0228111
.022807
-
.022796
v
'
Brazil^cruzeiro^f^-f-i.^-<.iw-^-^--^-.+i.
"
.054053"
.054053'
+054053;
+;+■:., r.:
*
1
iCahafiadollar--'
+2,957
securities:
Loans to: banks-
'
Switzerland,',c.;'
Union of South Africa, pound——t——-——
*i
LOOOOOO
.960000'
'
3.226333
.278222.
.
■?
1.000000''
-
r
.091324
; x
——
■
"Uruguay, pesc++.^
C-'.
-
.201612
Norway, ;kronew--_i—-^ii-—-^w-*iC,^-—i.-w^-«.—.*"'.
,u__
■
3-226333
—_
Swedeiirkrona--—-u
f.
.958958
"'Freot^—.;
/
+ 145
pur¬
carrying:
Government
Other
,
*
Argentina, peso—
+ 2,812
Othe loans for purchasing or carrying;
■
.i-pyy. U. S. Government obligations— " 1,067
Other securities
——i,.-,.——421
Real estate loans.
1,412
♦#••••;
.205754;
.377893
+ 177
—
Newfoundland, dollar—
;*
.205743'' ;
.205743"
—
Netherlands, guilder.-
i
;
to
chasing
.301567''
;
—2,177
5,543
9,070
.;
loans
Loans
,008409+
.301567
&
;•
4.033515'
4.033203
•—334
59,074
—
Commercial, industrial, and agricultural
.020060:
**
Closed
l.oooooo'
Official
—
'•;v+-.::;.960625'
1.000000
.
-961796
7.570066°
.962109
'
.570066*1
/.i
.570066°
Colombia, pesO——Z:
W
l.ObOOOO
1.000000'
+
'•v;. .'•■j-.iVy4'-'/?'*-
.960156
-
Free
.194&
'
•
investments—total.
and
Loans—total
.020060
'
Loans
.959921-
,
.208764-
4.032890'
7" "' .008409:
7,301567
,
.301567
-v" -i.
.570066*
!
;
.208764
4.032734
■y:y:\%
.020060'
.
.208765
^■yyy
.960546'
.
.570006°
'
■.0200601
.
4.032656
(Metropolitan) franc-—-——'
xupeeA——-l-——^-+-C--^~*r— ;.
•
Sep. 25,
,
India (British),
■'
Decrease (—) Since
'
England? pound sterling——-uw
•
Increase (+) or
3.213782
.022794
.208765
New Zealand;
(In millions or dollars);
.251247*
.251247*
3.213446
3:213446.—
assets and liabilities of reporting
member banks follows:
$
Assets—
•
Czeohpflovakitt, koruna
1.
$
.251247°
.054053
.Colombia,.pesov.^^—-■ -v,
France
A summary of the
.297733*
.251247°
.022797
Free—i--..
-
•
$
.297733°
3,213446
—; — J—
Belgian, franc—
—-—____—_.
Brazil, cruzeird——
Canada, dollar—
Official—
C
,
Sept. 26
Sept; 25
$
Sept. 24
.251247°
—-——
and $53,000,000 at all reporting member banks, and de¬
clined $28,000,000 in'the Chicago District
^
Sept. 23
.297733°
—
Free
Borrowings increased $61,000,000 in New York City
•
.
Buying Rate for. Cable Transfers in New* York-
,
Sept. 20
Official—
r
'
,
.570066°
■
,4
Statement of Condition of the 12 Federal
-v.;
.
.1.000000
-
.961250
Reserve Banks Combined
'
-
.570066* :•'•
•
■
''
Czechoslovakia, korunai
Denmark, krone
.020060
.020060
.020060'
.2087651 \* 1
.020060"
.208765
.208764
.208764
.020060
*
—
England, pound sterling
France (Metropolitan) franc—
India (British),rupee,
Italy; lira—
—
••
: 4.033593
-
"+008409
'
"/.i; t.\kK 'i
;
.301567
■
—
yyi
4.033750'
V
.,.008409'
;
"i* y-',
-,'yi\
+
;
vV"
;
;
,•
>
,
:
" y-v.
%
4.033750
.008410.
!
.301567
v
tin thousands of dollars)
:;++ 4.033750
.008409-;
1
+
.301567+
.205753
+301567;
.208764+
4.033750-
.008410
:
•
Oct. 2,
.301567+-
.205753
Assets—
,
.205753-
.205770
.377893
.377893
1.000006
.377893
1.000000
Netherlands, guilder.
*
|:+:;
.205753'
Gold
.377893
.377893
,
inc. (+) or Dec. (—) Since
5
Oct. 3,
Sept. 25,
;;
1946
1946
.
'+:
—
Mexico," pe.sO——_——
'
1945
;
•
certificates
fund
Redemption
17,314,177
-
for
F.
—
+
150,612
+
13,001
11,220
R.
"
notes
Newfoundland, dollar—
Official
■>
--
—
:
^.957500'
Free-
Norway, krone
*:
.201612
— _—
V\
.091324
:
;
:•
;
.040501
Portugal, escudo——
Spain; peseta—_—f_—
Sweden; krona——-
''"Jrv
-.959583
;
.959375
,
.958750
.201612
.201612
+£+040501
' :•
'
.
.091324+,
-
.278207
.091324
.278258.
..091324 +;v+
>
:
+
3.227000
.201612f
+040501
:j
>
-
..
.233629
Closed yy
.
.
Industrial
.091324-
-
-
fykyi' yyyyk^y
.233629
Acceptances
,.278221°-
i
4.005000
.
j
;;
:
.658300* +
.658300°
.562716*
,.562716*
.
.562716°
*
York,
County
+'
D.
Seibert,
who
of New York,
having
been
duly
Auction Sales
Transacted
Before me, a notary
ss.:
sworn
appeared
law,■+
Shares
according to
50f
r
,
true
4
35 ;
on
•
STOCKS
'
-
\
(2)
That
the
must
owner
tiO-
?.i>
be
is
stated,
addresses of
(if
owned
by
a
corporation,
17!
the
'
16
Commercial Wharf
60'
100
22
——_
r,
—
U.
-
known bondholders,., mortgagees and
other security
security holders as they appear upon the books
of the company, but also, in cases where the stockholder or security
bolder appears upon the books of the company as trustee or in any
other fiduciary relation, the name of the person or corporation for
whomrsuch trustee is
acting," is given; "also that the said two paragraphs'
contain1 statements embracing affiant's full knowledge and belief as to
the circumstances and conditions under which* stockholders and security;
holders who do not
appear
"upon the books of the "company as trustees,
a capacity other than that of a bona fids
hold-stock and securities in
owner, and this affiant has no reason to believe that any other person,*
association or corporation -has any interest, direct or; indirect, in* the*
or
other securities than
as
so
stateij.by him.
.
,
•
That the average number of copies -of-each issue of this publica¬
tion" sold or distributed, through the mails or otherwise, to paid sub¬
<5)
'
37'
29
Assured-Warranty-'
Inc:-
>
$51ott
weekly reporting member
.
shows the following- principal
changes- for the
"
'
' ~
*
*
'
week endfed Sept. 25: An increase of $145,000,000 in■ com¬
mercial,industrial, and agricultural loans; and decreases
of $535,000*000 in holdings of United States Government
obligations,, $275,000,000 in* demand deposits adjusted,
and $490,000,000 in deposits credited to domestic banks.
Commercial, industrial, and agricultural loans in¬
creased in all districts; the principal increase being. $63,000,000 in New York City.
Loans to brokers and deal¬
ers for purchasing or carrying United States Govern¬
ment obligations increased $38,000,000; and loans tobTokers and dealers for purchasing or carrying other se¬
curities declined $36,000,000.
Holdings of Treasury bills declined in all districts and1
the, total decrease was $229,000,000.
Holdings of Treas¬
,
Sworn to and subscribed before
30th dav -of Sept., 1946.
Thomas A; Creegan, Notary Public,1.
B^ngs County, New York, County Clerk's No. 243. New York County
Register No. 326-C-7.
(My commission expires March 30, 1947.)
Demand1 deposits adjusted declined $46,000,000 in- the;
San Francisco District, $39,000,000 in the Cleveland Dis-
during the twelve months preceding the
date shown above is
7,273.
(Signed) Herbert D. Seibert, Editor.
nie this
•+
342,309
and
securities
23,774,786
—388,894
' yi' ;- v,; •'
+
245,377
+
23,841
610,546
1,112
other
items
92
.
banks—
2,399,228
premises—
,
—
—
32,694
14,426
40,734
—,
39,946
~:
-
-
125,170'*.
——
44,754,242 +
+
48 ++:
6,182
—
■
18
10,398
1,111,224
—464;397
+
66,127
+
441,753'
+
745,555
+ +
Liabilitiesnotes-—
Reserve
24,482,393
bank—reserve
acct.
Treasurer—gen.
S.
acct.
+
+191,364
16,165,986
357,033^
f
*
'
347,810
Other
items____
17,567,706
2,034,190
Other liabs., incl. accrued divs:
13,320
Total
-
deposits
097,603
Total liabilities
Capital Accounts^
..
Capital paid in——
Surplus (Section 7)———_—.
Surplus (Section 13b)———Other capital account^-——-
of
serves
—
.—*
+:
—546,988
+
+'
15,033
+
3'
—463,825
+;
;.
86,551
44,754,242
3,104
+.
12,033
130,202
+
27,428
.
30,315
536,684
+1,011,856
+-
358,355
342,506
82,075
+
1,343
—
263
43,130
+1,111,224
—464,397
golds certificate re¬
deposit and F, RV
to
43.9%
note liabilities combined
Commitments
trial
;
29,233
—196,555
+
184;299
Total liabilities & cap. accts.
Ratio-
290,659
—571,030
696,877
_——+ " '
Deferred availability
fcertificates of indebtedness also declined in all dis¬
tricts, the principal decrease being $138,000,000 in the
Chicago District; the total decrease at all reporting
member banks was $285,000,000.
scribers
——ri
r—311,27s
Foreign
109*;
h^ks; of the Federal Reserve System in 101 leading.
Cities
+
23,554,528
foreign bankS———
Member
$195 ldt
—
Corp.; common; 700 Assured Warranty Associates,
The condition statement of
■
+1,566,621
+
262,840
+—1,265,050
—, .222,102
:
c
securities
loans
notes' of
Federal
U.
■
Condition Statement of Member Banks
.
755,290
77,500
Govt,
S.
:
26'
58
_
($109' par
Assured Warranty Corp., preferred; 700
+
Deposits:
18'.
Lewis Wharf-($100 par)
700'
Y.
(4). That the two' 'paragraphs next above-, giving the names of. the;
OWnets, stockholders and security holders; if any, contain not only the"
bonds
—
—258,408
'
•
or
list of stockholders and
said' stock,
————
'
•
CorpM common; 34-^ Salem Hotel Corp.t pre-'
A' ($25 par); 68 Salem Hotel Corp., pre¬
ferred class B—
•
holding 1% or more of the total> amount of bonds,mprtgages-or other securities are: (If there are none, so state.) None.-
,
Court-
—130,367
7,517,001+ 673,100
.
.
ferred; class
address as*
OWher, William. B; Dana Company,. 25 Park Place, New York, N.
owning
Salem Hotel
and
Stockholders, Herbert D. Seibert & Estate of Jacob Seibert (William'
V D: seibert; Herbert D. Seibert, Executors),;,,25 Park Place, New
York, N. Y.
'Vf'
■
V'SV.-'.; '-yy;y:>'
,(!)/ That
the
stockholders
company, or. other unincorporated concern, . it's name and
well, as those of each- individual member must be given) r
holders
1,969
1,436
+
1,902
—
14,609,137
■Other- assets
Wednes^
.
Wiggin Terminals^ common ($10 par)—
Myles Standish Hotels.
St. Joseph Light Ss Power, 5% preferred1 ($100 par)
81
and
its name
;
Barrlngton
5'
also immediately thereunder the names
owning or holding. 1% or more of the„
total: amount of stocks
If riot owned by a corporation, the names and1
addresses-of the individual owners must be given;
If owned by a firm;
and
.
96,399
—
$ per share'*
'
Real Estate Trustees ($100 par)
sold at
following various prices 99 ?4, 99J/a and 100 First National Bank, Yarmouth, Mass. ($100 par)
Maryland Apartments
Western
36
Publisher, William B. Dana Company, 23 Park Place, New York, N. Y.
.Editor, Herbert D. Seibert, 25 Park Place, New York, N. Y.
Managing Editor, Herbert D. Seibert, 25 Park Place, New York, N; Y.
Business Manager, William D. Riggs, 25 Park Place; New York; N. Y+
address
:?
1,436
^
Total assets
20
<1) That the names and addresses of the publisher, editor, managing
editor .and business managers are:
+
**;+: ;•:+++:++. .':+;++++ +
.
(
,
R.
Bank
by R; L. Day & Co:, Boston
'
'
45,829
—
59
+
'
purchased^
Uncollected
day, Oct. 2.
statement of- the ownership, management, &c., of the
aforesaid publication for the date shown in the above caption, required
by the" Act of Aug. 24, 1912r as amended by the? Act of March 3, 1933,
embodied in Section 537, Postal Laws and Regulations, printed on the
reverse side of this form, to wit:
"
'
•"
■•
a
197,159
'
Total
F.
deposes and isays that he is-the editor of the Commercial & Financial
Chronicle and that the following is,, to the best of his knowledge and
belief,
46,547
+
+
75,776 '
—
-
1,090
r
.562716*
Total
public, in and for the State and County aforesaid, personally
Herbert
—
217,732
-
"Bonds'-k**—————
.658300*
i
Due from
New
advances
loans
Bills.
Certificates'
• 4.005000'
♦•Temporarily omitted.
required by the .
Acts of Congress of Aug. 24, 1912 "and March 3, 1933 of the Com- >
mercial
&
Financial
Chronicle, published two times a week on"
Thursday and Monday, at New York, N. Y., for Oct. 1, 1946.
;
of
+
1,781
12,332
—
287,312
and
.Notes.,
'
Statement of Ownership, Management, Circulation, &c„
State
18,Q35,014>
resex-ves
U. S. Govt, securities:
.233629
.233629
4.005000
.
.
.
"+658300*'""
.562716*
_+——
233629
-
4.005000
.658300*
Controlled—
:
ctf;
-
Discounts
'
4.005000
v'
•Nominal rate.
cash'
.201612-;-'
V.
+
Other
gold
.040501
,
;
,278215
.
780,837
——————
—
Total
'
3.227000
:
3.227000
3.227000)
•
+';<':^4050L:
■
.278264
• v,f
Uruguay, peso—
Noncontrolled—
.958125
.
'
Switzerland, franc—
Union of South Africa, pound.
•
-
1.000000
'
3.227000
New Zealand, pound———-
'
-
,1.000000 +
1.000000
to
loans-
make
+
0.5%
indus¬
; 6,264'
——.——
+
303
Redemption Galls and Sinking Fund
v■
Notices;
list of corporate bonds, notes,,
stocks called for redemption,,
including those called under sinking, fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location, in
which the details were given in the "Chronicle."
Below will be found
preferred
and
a
common
ury
V
NOTICES OF TENDER '
Date
Company and Issue—
Associated Laundries of Illinois, Inc.—
1st
(closed);
mortgage
6y?s.
—
Central Maine' Power Co.—
1st and gen.
mortgage series L 3V2S, due 1970
*
1
-Nov
*
—Oct 18
Company and Issue—
fit.
Joseph & Grand Island Ry.—
4% bonds due 1947
Products
Milk
Viscose
American
1
j
*
•
1590
1
,\-i;
1
1
1
1595
)
15
15
1
-
1330
V*.V;
Company and Issue—
,
;
.
^
,
1255
Page
Date
Dixie
——Oct 15
1199
Fuller
Northern
1590
New
1977— -July 1, '47
Industrial Acceptance Corp., Ltd.—
'■'■■■■"!':/>
4% convertible 15-year notes, due 1952—,
—Nov I
4%%
mtge. gold bonds, series E, due
gen.
International
(M.)
5s due
mortgage
.Oct
2
1st mortgage
Ltd.,
♦Announcement in
bonds
10-16
10-
10-25
10-15
1
Reda
Reed
9-30
2-1-47
12-31
10-15
1
11-
10-31
50c
11-1
10-15
25c
11-30
11-16
150
10-25
10-10
10-21
10-21
Santa
10-28
7c
11-15
1
11-
' ;
15
7
10-
,
10-17
11-15
$20c
•
11-
$$1.25
Southern
9-30
Southern
Canada
1
10-15
Guarantee
of North America
Co,
,1638
$$1.50
(quar.)__
Canada—
(accum.)
Guardian Realty Co. of
preferred
7%
(
Co.
Brothers
Halle
(quar.)
10-15
9-30
;10-15
9-30
'
.
.
i
'
Trfm
(quar.)^
50c
■y.
11-
60c
!,
-10-15
;
DIVIDENDS
Dividends are grouped in two
In the
separate tables.
we
which have not yet been
(interim)
The dividends announced this week are:
\
Name
Corp.,
! 2IV2C
(quar.)—
10-12
12y2c
(quar.)
American
Stove
American
Thermos
!—_*
Bottle,
connnon
10-15
11- 4
11- 1
1-2-47
11-1
'11-'1
10-18
10-19
12-20
10-15
10-15
30c
50c '
■
53yeC
(quar.)American Viscose
Corp. (quar.)
5%
preferred (quar.)
1
Anglo-Canadian Telephone—
.
5%%
preferred
(initial quar.)
Art-Craft Briar Fipe
(quar.)
50c
$1.25
-
'3c
;•
!
pfd. (quar.)..
Atlas Powder, 4%
preferred ."(initial quar.).Ault & Wiborg Proprietary, Ltd.—
.
5y2 %
(quar.)„_—
Rubber
Co.
Barber
(W.
Bartgis
__!
.
Boylston
British-American
Co.
preferred (accum.)
$1.25 preferred
7%
:|
Caldwell
Linen
Mills, Ltd.—
preferred
1st
$1.50
$$1.75
32c
(quar.)_
y;< V'!-'
Burry Biscuit,
preferred
(quar.)
!
Canadian Bronze, Ltd., common (quar,)—„
5%
preferred (quar.)—i——_!_—
Canadian Converters, class A (quar.)___.
Central Hudson Gas & Electric, common—.
2nd
80c
-
4%%
$1.12y2
Central
Kansas
4%%
Power,
Central
$1.19
40c
pfd. (quar.)_
(quar.)
10-15
100% -10- 9
100% ;* 10- 3
New
common
(initial) __!
5%
Coast
—_—
-
Cola
.<
Bottling
,
..
Co.
,
11-15
12y2c
.
;
—
——-
of N;
,
.
.
$3c
.
11- 1
Y.—}'"< 50o-" -1041
10- 5
9-26
10-14
$1.30
—
pCd. A
$7
10-15
'{
Co,
$2.50 class A
;Vf!v' 7%c y 10-15
$1.75
11- 1
50c
11- 1
5
'
10-15
20c
11-15
30c
10-11
61%c
(s-a)
(quar.)
Manufacturing
(quar.).
(Toronto) (s-a)
(resumed)..
Co.
Assurance
Coal
Co.
Sewing Machine—
preferred " (quar.) ^
prior
convertible preferred (accum.).
Whiting Corporation
Wilbur-Suchard Chocolate Co.—
'
9-30
(Stock dividend)—One additional share of
$5 par common stock on each outstanding share of $5 par common stock—
Wiscojusin Gas & Electric, 4%% pfd. (quar.)
Wood, Alexander & James, Ltd.-!-.;^'./" v "n
7%
1st preferred (accum.).—
Yosemite Park to Curry (irreg.)...—
Ltd., common (quar.) —....
preferred (quar.)*.!!....!!.!*
preferred (quar.)—*—
Zellers,
1
10-15
11-
1
10-15
12-12
11-30
12-12
,11-30
12-12
11-30
12-12.
11-30
87 %c
12-12
11-30
weeks and not yet paid.
20c
11-30
11-
dends
50c
10-
7
$1.25
12-
2
25C
12-
50C'
10-15
25C
(irreg.)
——
(quar.)..
"10-
common.—...
11-
—
common
>10- 5
(quar.).......
25C
50c
__!^
—
Fund—
Bond
6%,
5%
Below we give
8
9-27
the dividends announced In previous
The list does not include divi¬
announced this week, these being
given in the
preceding table.
11-20
'
11-20
2
75c
9-30
9-30
10-15
20c
•
10-10
J
10-. 3
Utilities
Associates—•
Cement,
Portland
62 %c
10-15
9-30
1
10-15
&
7EC
11-
$1.50
11-
$15C
11-
10-15
25c
10-
10-
10-15
2
9-27
10-
$1
12-
11-
10-25
$1.50
11-
10-15
$1.06
10-
9-26
Royal
Rice
Nathan
National
National
Ltd. (qnar.)_
Co., 5% pfd. (quar.)
Mills.
Mountain States Power
Strauss-Durparquet*
11-
10-15
10-11
10-31
10-11
tl2%C
62 %C
10-31
10-
10-21
9-30
50c
8
20C
(quar.)
11-
1
10-15
15C
12-
2
11-
15c
11-
1
1Q-15
5c
Fibres.
Automotive
(quar.)
11-
1
10-15
8
Bond
series
Low-priced
Low-priced
bond
series.!,
common
!____;
:
4%%
pfd.
New
Bedford Gas & Edison Light
New
Bedford Rayon, class A
N.r?Merchandise
...
stock
;
(quar.i.
(quar.)...
(irreg.)
10-15;,
9c
j.
Sepculative
series
Neisner, Brothers, Inc..
convertible
preferred
13%C
(quar.)....
10-15
10c
3c
10c
$1.18%
$1
$1.75
: 30C
10-15
9-30
',9-30
9-30
10-15
9-30
1
10-15
11-
10-15
9-30
10-15
:
10-
it- 1P
10-21!"
5
11-
2%C
Fund
1
10-21
•
Special
;
—
———
Stores (quar.)
Air Reduction Co,, Inc. (quar.)
Air-Way Electric Appliance Corp—
Shoe
Agnew-Surpass
(quar.)
Allied Stores Corp., 4% preferred
All Penn Oil & Gas
Co.
of
—
—..
preferred (quar.)
Ltd., 6% preferred
—
American Alliance Insurance Co. (quar.)
American Asphalt Roof Corp. (quar.)
American Box Board Co. (quar.)
$25c
4%
Can
American
Extra
Co.
(quar.)
—
20c
4%%
(N. J.)—
& Hoe,
common
(quar.)
American Home Products
(increased)
Common
American
Ice
Co.,
(quar.)
—
(stock dividend)—'
w
common
(resumed)—!.
6% non-eum. preferred—
6%
preferred
preferred (quar.)
cum.
3.90%
American
News
Co.,
7% fffd,
:American;Rolling""Mill,
—
(quar.)..
pfd. (quar.)..
;
11-15
50c
■
——
preferred
10-15
11-15
75c
preferred
5%
American Fork
'
25c
(quar.)——
Distilling Co.
1
11-29
^10-15
25c
—
——
American District Telegraph
12-
$$1.50
Aluminium,
American
10-21
$1
(quar.)..
Canada, Ltd.—
American Fruit Growers
National Securities Series—
10-15
10-10
v
Corp.—
'
Chemical & Manufacturing
Extra
,
55c
Aircraft
Aluminum
10-31
$1.10
preferred (quar.)
(quar.)——
Company
Extra
Mount
Aeronca
$1
35c
•
4% preferred (final).!
Addressograph-Multigraph Corp. (increased)
Affiliated
50c
(John)
Name of Companp
Abbott Laboratories,
5
—
Monongahela Power, 4.40%
Morrell,
-10- 4 *
10-
15C
Mississippi Power & Light, $6 pfd. (quar.).
Missouri Edison, 4Vi% preferred
(quar.)—.
,
10-15
.!
Meyercord Company
.
5
$1.50
Mtrrimac
■
10-
(irreg.)
common
preferred A. (quar.)
Hat, 87o preferred
6%
10-15
! ; ;
preferred (quar.) —
Maytag Co., $3 preferred (quar.)
$6 1st preferred (quar.)——
—.—
McCabe Grain, Ltd., class A (quar.)——.
Medusa
9c
—— ——
5%. participating
:
.
—.
37 %c
(quar.)
9-27
(que
87%C
no
Massachusetts
10- 9
10- 5
.
;
'S
29c
9-30
10- 1
' 10- 9,;
* 9-30
11-1
10-31
11-1
$1.25
$3c
;
.
10-15
4
—^
Extra
Manhattan
Louis Ry.—
preferred (quar.)_
Breweries, Ltd. (quar.)
Extra
Coca
& St.
$2
9-30
11-1
10-
|
■:§ 9-27
$4
9-30
>cll- 1
10c
f
Compauy_.._.i.!._.._.._..
Company,
Point
White
10-15
62 %c
Inc.—
par (quar.).,
!—
—
Loomis-Sayles Second Fund (quar.)
—
Lyon Lumber y.(quar.) a
__i
—___^!-_
10- 9
Ohio Light & Power
Champion Paper & Fibre (stock dividend)!!"
Chase Candy Co.
(stock dividend)——!—.
Cleveland Cincinnati
;
9-26
10-25
10-15
(increased)-
Corp.
Investment
10- 1
35c
(quar.)
preferred
Central
10-31:
34%c
(quar.)___.—!.
,—,
Common
10- 3
10-10
10-31
11- 1
$18%c
13c
10-15
,
10-31
12-20 ":•?
Loomis-Sayles Mutual Fund,
10-25
V
10-12
10-12
10-10
10-10
11-1
$20c
11- 1 •
$37y2c
11- 1
$$1.25 -11-1,.
10-15
20c
;■
,
>10-15
1
"
11-1
10-21^
.>9-27
9-26
10- 1-!. 9-27 ,
v
11- 1- 10-15
$37c
(quar.)—
9-30
Printing,
Longhorn Portland Cement,
5%
preferred (quar.)
10-25
11-15
10-11
10-15
59c
*—*
prior preferred (quar.)
Loblaw Groceterias, Inc.
(quar.)
10-21
(s-a)—$$1.50
Columbia Pulp & Paper--
10-21
10-18
11-20
>
...
Westmoreland
1
20c
10-18
11-15
common..........
& Massachusetts RR.
Western
10-11
31 Vic
#3
(quar.)
preferred (quar.)!
'"j|
$4.25
preferred ' (quar.).-.!--...*.!-!!
Webster-Chicago Corporation -!.
"
•
17c
7%
! 10- 1
10-31
(
Assurance
,,
'10-15
10-15
(quar.)
•10-
5
10-21
30c
!^!!'_'^w!_____'_^^*»--;
preferred
Extra
10-15
10-22
10-
!
>
&
West
1
10-10
(quar,).
$4.50, convertible
9-16
'1
2
9-25
9-27
Washington Gas Light Co.,
■'
:10-10
V
(quar.)
common
participating preferred
6 %
-
10-15
11-1
preferred
British
'11- 1
1
;
9-30
(quar.)
50c
,
,
5c
Brothers, Inc
7 56J/4C
Ltd.—
*
'' > ^T
"
(quar.)
: $62y2c
Market Association—$5
Corp.,
Ribbon
5%
f
1
11-18
Manufacturing Co., Ltd. (quar.)...
Corporation, $4.r>0 pfd. (accum.)
-
common-!.——.
$3.50
preferred
(quar.)„.__——
Lincoln Service Corp., common (quar.)._—
10-18
;
.
10-
vi-
10-10
11- 1
!•; 7%c
11-
Light—
&
Inc.,
preferred
$1.37%
5.2%
10- 4
15c
(quar.)._:
Bloomingdale
Blue
>
17%c25c
;_
common (quar.)_i_!
Stores (quar.)
Shoe
$1
•
—,——
Stores,
Lincoln
10-11
'
Brothers,
Borland
H.)
,
,
'
•
Lehigh Portland Cement
(irreg.).
Lexington Telephone Co.— v
10- 1
10-21
11- 1
11- 1
$1
(quar.)__——$$1.37^
preference
Baldwin
..,10-15
25c
•
Products
:
City Electric Co., 4%
Athey
Atlantic
S-3
Leece-Neville
10-10
11-1
$56V\t
'«
Structural Steel Co.—
f;
.
.
''
1
,
Walker
11-15
(quar.)
Kobacker
10- 2
.
2
convertible preferred (quar,).
Custodian Fund, series B-2.
$1.25
Series
10- 2
(quar.)
preferred
4ya%
10-15
683/4C
,
10-17
10-15
9-30
11-15
i
Co.—
Hotel
Viceroy
10-15
12-
Keystone
10-5
10- 2
9-20
11-4
$3
25c
$1.75
25c
.
12-16
75c
12-
Ol'Ac
10-18
12,,
Vulcan
30c
9-30
9-27
1
Realty, 5% preferred (accum,)
Corp. (Del.), $3 preferred (quar.).,
Co.—
—
-
1
11-
12-20
California
of
Co.
Sulphur
Vermont
10-21
^
(increased)
10-15
10.,
S
5
10-15
1
Cities
United
10-21
11- 1
-r-;
.
$6
1
,
10-
10-15
11-
50c
.
1
5
10-10
10-19
•
$1
27y,C
10-
10-15
13%c
$1
.
(initial)
common
Insurance
Oil
Union
Utah
11-
11-
(quar.).,.
Paper,
Fire
4
$1.12%
Publishing
Air
S.
Union
10-
4
11-15
12-15>12- 2
dividend)
common
Conditioning,
S.
United
7
10-
(quar.)
(quar.)..
preferred (guar.)
Sun-Kraft, Incorporated,
30c
preferred (quar.)
1
12-
4
10-15
6%
10-25
40C
_
6%
preferred (accum.) ____—
Kennedy's, Incorporated,
common
Building! Co.,
Mart
Furniture!
preferred (accum.)
—
American
Maize-Products, common
1% preferred (quar.)
American
News
(bi-monthly):
—
American States Utilities Corp., com. (irreg.)
5%%
preferred
(s-a)
Inc.,
Power
preferred
Kansas City
^
American
Central
4%
11- 1
4
10-15
11-
-'.'o
preferred (quar.)
„_!!
$6 preferred (quar.)
convertible
6%
Jersey
20c
13%c
50c
!
common
preferred (quar.)!„__-«_
Investors, Inc., $2 non-cum. conv. pfd...
,10-
1
100%
Interstate Telephone,
Payable of Rec.
,
convertible
55c
Resistance
International
12- 2
11-15
2-1-47 1-15-47
Air
10-15
10- 8
Amerada
Petroleum
Corp.
(quar.),__
50c
10-31 ,10-15 !
American Aggregates Corp., 5% pfd. (quar.)
$1.25
10- 1
9-21
American
Fidelity & Casualty Co., Inc.—:^
!
Quarterly
15c
10-10
9-30
American. Fidelity Co.
(Montpelier) (quar.)
50c
,10-15
10- 5
Aircraft
Aeronca
11-
11-20
12 %c
(quar.)
$3.50 preferred (accum.)
International
Products Corp.
' Holders
r ? When
*
Inc.—;
preferred
convertible
$1.10
"' Per
!
Share
Alloys,
Aluminum
Acme
'•
of Company
10-10
$1
9-27
v;
3%
(quar.)
common
Educational
International
;;
4
Corp.,
preferred
4% %
X
; :.;v
5
x'y_
————.
Interchemical
in our
and Investment News Department" in the week when
declared.
.10-
American
given
"General Corporation
under the company name
10-15
Chemical Industries, Ltd.—* ;
Deposit receipts ordinary shares
Imperial
paid..;, Further details and rec¬
past dividend payments in many cases are
ord of
1
(■":%■
10-
5c
Talon, Incorporated, 4% preferred (s-a)...
Taylor-Wliarton Iron & Steel.,
——....
Thalheimer Bros., 3.66% pfd. (initial quar.)
Trusteed
Industry Shares
—
Twin Coach Co., $1.50 conv, pfd.
(quar.)__
9-27
11-
25C
!l!
—^!_u!.
dividend
Stock
10-16
1
10-15
;>!,
Sugar
(quar.)—,
Holyoke Water Power (quar.) —
Hotel Barbizon, Inc.
(irreg.)
Houston Lighting & Power, $4 pfd. (quar.)
Illinois Zinc,
new
common
(quar.)
Holly
bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
first
$1.12%
25c
.!t.
Co—
Lumber
(Edward)
Hines
'
U.
9-20
Hat
11-
10-21
1
10-15
.......—
(stock
on
preferred
5%
8
10-
1
11-
15c
55c
11-15
U.
10-
8%C
Corporation of America—
4y2 %
preferred (quar.)
10-15
__—
,
Power
Camp
dividend
Strathmore
10-25
1
10-25
Extra
Cash
9-30J
10-15
$50c
class 'A—
Manufacturing,
Harris
-
_——__
preferred
convertible
$2.40
;
,
10-
10-14
,
12490
.
Stokely-Van
1
10-15
11- 4
75c
!10-21
Edison
California
1
11-
20c
35c
(quar,)
participating preferred
$1.50
•"10-10
10-
'
Co..—t
Company
Union
(accum.)
10-22
25c
$1.25
—
:
3
10-
1
Co.
2
1
11-
Signode Steel Strapping, common (quar.)!.
5%
preferred (quar.!
Sioux
City Stock Yards, common
(quar.).
of
$$2.50
Grand
(Del.)
10-
10-10
.
Co.
Oil
.10-20
11-1
25c
(N. Y.)—i
CO.;5%r% pfd. A (quar.) !
$3.65 pfd. (initial).
(quar.)—......
Finance
Preferred
(quai'v).^
:
(quar.)!»
5%
prior preferred (quar.)_~—
Segal Lock & Hardware, $2.50, pfd.
Signal Mountain Portland Cement—
10-15
11-
Y.
Co.
Sefton Fibre Can Co.—,
10-15
1
11-
i2yaC
10-20
60c
Manufacturing,
Seaboard
10-15
10c
•
10-20
>*
Map (quar.) —w!^
——Portland Cements—
Seaboard
9-30
20c
;
10-15
10-28
1
1
Co.,
Schwitzer-Cummins
10-; 4
10- 1
70
10-15
11-11-
25c
(quar.)-,^
Cruz
Scovill
—
11-1
'11--1
_____________
Sanborn
10-31
10-15
Co. of N.
10-15
10-15
58y3c
_'
Saginaw & Manistee Lumber (lrreg.)
Samson United Corp., 55c conv. pfd. (quar.)
10-31
10-14
1;
6%
$1.06 lA
i5c
1
11-
41 %C
—
!!-,
Paper
1
10-11"
11-
50c
Ltd., common (quar.)_!!"•$ 15c
preferred (quar.)
!!J $$1.1)6^
Roper (George D.)
Corp. (quar.)_
!25c
Russell
Berg
Fund__—u,
20c
Holland
10-11
~
9-30
10-
90c
(increased)!".
Gas
Richmond Insurance
10-17
10c
Co
10-15
?
Rochester-American Insurance
37V2c
stock
! 9-30
10-19
•,;■!; 5c
Extra
25c
(quar.)_
common
9-15
10-19
(quar.) —
Quarterly
.10-18.
2%
Natural
Republic
9-30
12-31
1
10-15
9-25
$1.25
—
class, B_!!;
Company,
9-28
1
11-
50c
(quar.)
'
10-14.-
9-30
50C
Company^
Pump
<C.; A.)
10-15
$2.50
;''„__!__!!^_^!!»_„!!!!!:!^!-!-!!;!r,i''->'25C'
preferred '(quar.)
^___!!_!_!!'f "-" "75c
1
11-
11-
$20c
V
$3
9-27
1
10-31
v.; Extra:
10-26
1 7
!;
10-1
11-
$1.06 V*
preferred
2-1-47
$25c
25c
9
10-18
10-25
"s40c;
—
Colorado—
of
Service
6%
4
11-
11-15
11-
t$1.2d
(quar.)—.
Machine Tool (quar.)_„_
Glatfelter. (P. H.) Co.; 5% preferred (quar.)
52822
§In Vol. 162.
161.
issue," fin Vol.
this
10-10
31 Vic
■y
Giddings & Lew5s
Globe-Union,
Inc.
Gorham
Manufacturing
10-
10.21
10-15
(quar.)
Ltd.
& Gas
Ltd.,
Wares,
10-31
5
10-28
5c
(monthly)
7 % preferred (monthly) —
5%
preferred .(monthly)-.—
Raymond Concrete Pile, common
-15c
■
preferred
5%
.
1
Nov
..—
Steel
Public
10-1$
$$1.25
common
Electric
Carolina
South
General
'
of
share
One-tenth
1330
31
Dec
10-10
10-25
8c
;
!,!_—!!—!!!!«-;•';
Kleiser——
&
10-14
10-25
25c
;
Company, 5% conv. pfd. (quar.).—;;4
General Public Utilities
(stock dividend)—^
T
stock—.———;**.!,
Corp.,
Co.,
Mfg.
Viceroy
Class
10-25
50c
12-
11-15
Gabriel
*
preferred stockMount Hope Bridge Corp.—
- _Nov
2nd mortgage income bonds due
1969——
Borfolk Southern Ry., 1st mtge. 4%s, ser. A. due 1998_Jan
1
northern New York Utilities, Inc.—
y;;-;'1;/;
1st lien & ref. 6%
bonds, series B. due 1947
Anv time
Richmond Cedar Works, 15-year income 6% bonds—— Nov
1
Texas Power & Light Co.—*. ;
,
"• %• ■
6% gold debenture bonds, series A, due 2022
July 1, '47
Trane Co.,
6% preferred stock———!————Dec
1
Unied States Radiator Corp., 5 % convertible debentures_Nov
1
Hat
Merrimac
l;
Foster
1595
Any time
1947—
Inc.—(
Sons,
&
preferred
Mills
Orr
ioc
20c
10c
(extra)—.—• ;;v*
Shoe Co.; class A
B
(extra)
Florsheim
1329
*———Oct 15
stock—
preferred
refunding
and
1st
Lowenstein
.
-v'r'•'•'I*
Co.—
Paper
convertible
5%
;
Public
Plymouth Cbrdage
Employers stock
11-15
2
2
10-15
32V20 '
-
Davis >
(quar.)____
(quar.)
Portland Gas Light, $5 preferred
Potomac Edison,
3.60% preferred
12-
11-27
;!
Co.,
Inc.
(resumed) —
Pennsylvania Power Co., 4V4% pfd. (quar.)
Planters Nut & Chocolate
(quar.)!!—_
10-30
9-27
7
12-
$1.12'/a
Pearson
10-18
43 %c
—
Cap & Set Screw Co
—
Fleming-Hall Tobacco Co., Jnc.— ! i.■'
'
6%
preferred
(quar.)
!
First Mutual Trust Fund Shares.!—
v
11-1
11-15
10-15
1
9-30
25c
—
!
preferred (quar.)
__!
Service,
$1.30
pfd.
(quar.)
I
5
12-
$$1.75
convertible
"'Parke'
v,
12-16
Ferry
rt
51513
(monthly)
Co.
„
pid.
•
-'$$1.25
—
preferred
convertible
hew
7%
5
10-
10-15
1
Aggregates—
Coast
Pacific
10-10
1
Brush
Fibre
4\ht ch
12c
(quar.) ___!—
common
4%%
11-
25c
'
1328
Ox
Pacific
9-30
11-1
(initial)
(quar.)-
com.
new
Ltd.,
Mills;
.
Corporation (stock dividend) —*!!■■':
Employers-Group Associates (quar.)
—!
.1590
Eureka
Pipe Line
(quar.)_——__—
1590
Brewing Corp.
(quar.)„
.
1590 V Falstaff
*
?
Fedders-Quigan
(increased quar.)——.
Federated Department Stores—
;
.
f
554
>
Ry.—
11-15
Duplan
1
1
convertible preferred stock.Nov
Co., 4%
(George A.)
Great
2
11-15
60c
preferred
5%
Industries,
preferred (quar.)
5%
preferred
(quar.) !*
Dominion Woolens & Worsteds,
52142
'VConvertible; 5 %
cumulative preference stock———-Oct 16
Cumulative preferred stock, 5%
series--————Nov 15
Cumulative 6% preferred stock, series A—!-———Nov 15
Crown Drug Co., 7%
preferred stock.——i!—Nov 15
derks Investment Co., 1st mtge. 6s
.—
Dec I
Duluth, Mlssabe & Iron Range Ry.—
J'-?1st mortgage 3%s, due 1962-—Nov;;
12-
,5 10-15
Corporation,
11-
50c
!;'v: 15c }'
;
10,
10-21
11-
$1.25
Co.-!—
Telephone
$4
5%
;
1326
due 1959———Oct 25
Soya Co., Inc., 314.% debs,
CoHumbia Gas & Electric Corp.—
Ogilvie Flour
,
(quar.)_!
Dominion Malting, common^(increased quar.)
Common
(increased quar.) ——
1582
Ice Co., 6%
preferred stock.*—•_!*!*-!!—-!Nov.\ 1
Nichols & Co., Inc., prior "A" stock————Nov
1
Bancroft (Joseph) & Sons Co., 7% preferred stock—Nov >1
jtuitte Electric & Power Co.. 1st mtge. 5s due 1951__Any time
Austin,
1
—;
Manufacturing
Domestic
Bell
25c
r(quar.)_!_—
(Ind.)
(quar.)
Stores
Home
Dodge
Eastern Ry., 1st mortgage 5s——---Mar 1,'47 1325
1581
Aluminium, Ltd., 6% preferred stock——Nov 29
American
1
10-
,
Inc.——-—-*—*—_
Shares,
Dividend
Algoma
Central
B.)
De Wilbiss: Company
(quar.)
J,-, Discount Corp. of New York
^
stock
4#/., preferred
Laboratories,
Abbott
10-
5
Rubber Manufacturing Co., common
$2 class A
(quar.)—————
Delaware Power &
Light
—,—
—
/
CALLED
ENTIRE ISSUES
■
5
10-
15c
25c
■
(quar.)—
Engineering
Northwestern
10-
Dayton
1638
10-18
r; 5c.
'.'
Gas 'Co.—!-!
Shore
10-21
5c
'V* ■ f
(quar.)
Northv/est
10-19
1
50c
Drug Company, common (increased)convertible
preferred—;
—
Davidson Brothers, Inc. (irreg.) ————;
1331
11-15 "
11-
$1.50
7%
1638
North
9-25
2
A
$1.75
Crown
1637
Oct 15
•Queen's Hotel Ltd..
1st mortgage 5s
1
Nov 1
Spalding (A. G.) & Bros., Inc., 5% debs, due 1989——Dec
1
Sun :Chemical
Corp.,
preferred stock—
Oct 14
Windsor Gas Co., Ltd., 1st & ref. 5% bds., due 1966—Nov
1.
;
; '•
1596
10-
Corp.-—
(quar.)__—
A
$1.50
■.V'
Company—
Corn Exchange Bank & Trust Co. (N, Y.)-L!
: Quarterly
Corporated Investors, class A—
i
Corrugated Paper Box Co., Ltd.—^ I"
5%
preferred : (quar,)——!!^—————
•;
,1594
(W,
Coon
■
,1
Class
Nu-Enamel
Aircraft——_—!——!>
Vultee
Consolidated
*
preferred stock——--
$4
Inc.,
Mills,
Pilisbury
«
■
Class
$4
6%
G.),
10-15
10-15
10c
preferred A (quar.)—
7%
preferred (quar.)—
Connecticut Piver Power, 6% pfd. (quar.) —
•Consolidated Royalties, Inc., 6% pfd. (quar.)(C.
Conn
'
1
bonds, series D, due 1996-Nov
Clyde Porcelain Steel Corp., 5%% conv. bonds due 1960_Noy
Detroit
Steel Corp.,
20-year 6%
debentures!——!—Jan
Firestone Tire & Rubber Co., 3% debentures due 1961— Nov
Great South Bay Water Co., 1st ref. mtge. 5% bonds—Nov,
international Rys. of Central America—
* '• , 1
>
•
1st mortgage 5%
bonds due 1972-——
—Nov
tefcourt Realty Corp., prior preferred stock
Oct
Minnesota Power & Light Co., 5% preferred stock—Nov
Montreal Island Power Co., 1st mtge. 5 Vis, series A__Nov
Inc. (irreg.)!*.—
Electric
—
Life Insurance Co. (s-a) ;
&
Gas
10-22
10-22
5c.
Columbian National
1582
'
Chesapeake & Ohio Ry.—
Ref. & improv. mort. 3%%
Columbia
Page
Date
v
preferred stock---,.—Nov
5%
Corp.;
,
North American Acceptance
1
10-
25c
25c
Breweries,
Columbia
:
10-15
$2.50
(quar.)
.
—
(quar.)__—!?!————
Mills
Extra
Payable -of Rec,
Share
of Company
Holders
When
Per
•
Name
Payable of Rec.
Share
of Company
Company
Colonial
REDEMPTION
PARTIAL
and Issue—
Company
Collins
stock——Oct 15
preferred
Co.,
52824
Anv time
1st mortgage
United
Name
Holders
When
Per
Pago
Date
;
1
Monday, October 7, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1760
10-31
50c
10-31
9-20
S
•
Volume 164
Number 4531
THE COMMERCIAL & FINANCIAL CHRONICLE
When
Per
Name of
American
Company
Share
V-:
25c
15c
10-15
50c
11-30
.11-
1
10-31
10-
4
__
Smelting & Refining
7%
preferred (quar.)__/__-________._:__„l_;
American States Ins. Co. (Indianapolis)—
Quarterly
■.
;
;
_
$1.75
5%
preferred
1
9-30
Consolidated
9-13
Consolidated
10-21
$1
10-11
/
i'il-''l;
10-11
10-15
30o
10-
$5
-31-47
9-27
'.2-14
Corn
10-15
10-5
7%
American
Industries, Ltd.—
Associated
5%
Coast Line
non-cum.
Atlantic
4%
Ltd.
'/
Convertible
$5
B
$2,50
.y.".;.
A
each
15
$1
11-
90c
11-
1
10-
11-
1
11-
1
10-21
1
10-
4
4
(quar.)
of
11-
$35
y
10-10
10-
1
Hartford
65c
10-25
10-
4
10-15
10-
4
50c
(quar.)
1
10-15
12- l
11-15
1-1-47
&
Deere
i
12-15
Denver
Yards
Co.
9-30
Detroit Michigan Stove (QU&L)
Extra —————'
8%c
I-2-47
12-10
preferred.
Co., common
$49.31
30c
Bathurst Power & Paper,
Ltd., CI. A (quar.)
Baystate Corporation (quar.)
Beaux-Arts Apartments $3 prior pfd.
J25C
(quar.)
$1
1
60c
11-
1
10-10
y10-19
9-30
50%
__
11- l
10-25
>10-15
< 9-20
I2y8c
32'/ac
(quar.)__
10-15
12-
2
10-15
Dow
1
10-
a
...
£
Extra
7
6%
10-21
11-15 /
J!
12-
2
11-
3Va%
(quar.
12-
2
11-
1
^
2nd preferred
12- 2
-11-7-
10-15
California Electric Power,
11- 1
$3 pfd.
California-Oregon Power, 7%
preferred
(quar.)
pfd.
(quar,)__
10-15
(quar.)___
preferred (quar.)
Fire Insurance Associates
Northern
Power
9-
;
11- 1
10-15
10-
I
11-1
10-
11- 1
10-15
10-15
7
■'] 'a
;
9-30
Oil
Electric Boat
&
10-1$
4%
10-15
9-1*
Jewel
10-18
$1.50
12-2i
32- 0
(quar.).
! 10-10
fl-20
(quar.)
Corp. (stock dividend)
Emerson Radio & Phonograph Corp. (quar.)
Erie RR. Co., $5 preferred A
(quar.)
Esmond Mills, Ltd., 5% pfd, (quar.).,,-—.—
11- 1
11- 1
9-30
10-10
11- 1
11-1
11-20
10- 1
pfd.
5%
9-30
Excess Insurance Co.. of; America—
1 $1-75
10-15
9-13
Federal Services Finance Corp. {Wash, D. C.)—
Common (quar.)
_
Chain
Y.) (quar.)
(increased quar./___
Cincinnati
(quar.)
1st
preferred
&
~
Corp.—
(quar.)
___
"
(increased
Water
1
Columbia Gas
10-
(initial
com.
&
10-31
10-
10-
9
10-15
85c
:12-
Commercial
Franklin
8
10-15!
$l.l2,/2
56V4c
9-20
1-1-47
11-
y
Grain
12-11
!
Special
preferred
11-15
11-
11-
1
.10-
11-
1
10-
50c
10-17
10-
12-
1
10-10
$1.25
1
1 '
11-15
$1.50
11-
Electric
65c
Co.
9-20
Certificates
General
—
(quar.)
J l.
50c
.J \
10-15
*5c
10-15
10-15
9-16
,
'
iri
9-30
,
>9-30
i-jl
<>■!•
(Boston)—
15c
11-1 *
10-15
5c
91c
/
.
•
"
'
-
10-
10-15
9-25
10-15
9-lfl
10-15
9-3®
12- 2
11- 4
50C
...
Lit
PM.
10-10
10-
1
1
Golden State
Co., Ltd.,
common
10-15
$1
11-
1
10-1®
11-
1
10-1®
11-
1
10-1*
11-
1
/'.-
"(quar.)
$1
10-1®
90c
10-15
10-
®
$1.50
10-15
10-
4
"
*17c
10-15
9-1®
20c
ill- 1
10-1®
$i
10-15
15C
10-31
; $1.25
Mining
Co.
10-31
$1.50
10-15
common.
(reduced s-a)
(quar.)
*5c
*lc
11-
B
Ltd.—
10- 9
9-2®
pfd.
9
'
;
9-2®
10-15
9-23
*$1
10-15
25c
11-15
10-
11-
10-15
56 %C
(quar.)
—
Electric
&
10-14
10-16
*50c
(increased)
Gas
12-2®
1
10-15
common
4V2%
Inc.
12-27
*25c
& Paper Co.,
Co.,
2
12-
i2yac
-—
Sessions
1-
9-2®
10-
—....—^
&
,
10-16
(quar,)
Power
9-3®
10-
1
11-
»
9-3#
12-23
$1.75
®
10-
10-15
.
i2y2c
(quar.)
9-3®
10-
v
10-29
15c
;
—;
(John), Ltd.
Co.
Stores
1
50c
10-10
75c
50c
9-3®
9-2®
12-31
$3 /
■
4
1 9-3®
10-15
50C
:
10-15
30C
^.
(irreg.)—
(quar.)
Corp.,
10-25
...
9-30
V
9-20
10-15
10-
11-25
(quar.)
11-
v;
12-2*
11- 1
10-14
10-28
10-15
-
~
10-21
9-30
11- 1
10-10
11-
10-
25c
$1.50
.
1
11-15
11-
1
11-
5%
2
9-30
10-1
9-1?
9-3®
10-15
9-3®
11- 1
£ 11-1
10-2X
i2y2c
30O
1112-
10-15
$4.50
10-17
$1
common
50c
50c
:
$1
(monthly)
Lowney
9-30
Luzerne County Gas &
25c
11-15
25c
~ $1.25
'
h
50c
30c
'11-30
11-
1
414%
preferred
7",
$2
$2
6%
1
10-10
(R. H.) & Co.,. 4V4% pfd. A (qua?.)..,
Madihg Drug Stores, commotf. (initial)
55c
preferred
40c
10-25 " 10-10
Mahon
10-15
Moirfpn
9-23
(R. C.)
(quar.)
Co., $2 Class A pfd.
Klprf.rir.
Co.
(irrez.)
3-10-47 2-24-4T
10-31
9-2*
I-2-47
12-2*
30c
10-25
$2
V u-1
.$2
10-15
37yac
,
10-2*
1
/; 10-
10-25
10-
9
10-1?
10-
1
9-3®
;
10-15
9-3®
10-15
9-3®
10-10
9-26
11- 4
II-15
*12yac
10-15
$1.06%
.11-
;
9-16
10-15
1
35c
10-15
$1.50
(quar.)—
preferred
11-2?
12-10
,
(quar.)
-Macy
w
*
$1.12Vi
(quar.)____
_
common
11-243
12-10
3-10-47 2-24-4?
371/aC
Co., Ltd. (quar.)__
Electric—
(quar.)
;
Forbes,
&
3
50c
—
(Walter M.)
MacAndrews
11-25
10-
i T2-25 y'10- 8
10-25
*
%
9-27*
10-
31'Ac
~
9-30
11-1
7
11V
$1.25
preferred (quar.)
preferred (quar.)
** 11- 1
9-30
10-2#:
1
35c
10-1®
1
50c
/■'
$1.10
(quar.).;
(quar.)
$1
10-
9-29
Co.—
$1.37Vi
'■? 15c10-21 *"""
#
10- *
7
10-15
■;
preferred (accum.)
($100 par)
5%
($25 par)
Lowell Electric Light Corp. (irreg.)
Lowenstein & Sons (initial quar.)
7
10-15
/>10-
$i.i2ya
.
v";
9
10-
25c
preferred (quar.)
8%
preferred (quar.)
Longines-Wlttnauer Watch, com. (initial) —
Lord & Taylor, 8% 2nd pfd. (quar.)—
Los Angeles Investment (quar.)—
Louisville Gas & Electric (Ky.), common—
9
J 10-15
3iy4c
(quar.)—...
8%
11-9
11-
30c
$1.25
/
Corp.,
Miami RR.
c
$1.50
/:
-if
preferred
Loan
Lock Joint Pipe Co.,
1
11-25
37'/a
—
common
Original capital
Original capital
Special guaranteed
Special guaranteed
10-18
11-25
$1.25
(quar.)
Ginibel Brothers,' Inc'.
$4.50 preferred (quar.)
10-
9-24
10-31
$1.06 »/4
87y2C
(increased)
Gold
Brothers, 6%
Little
9-23
>37V2C
•
'f't'
10-10
10-17
6214 c
■:
•
9-23
6c
,
(quar.)
20c
T
9-3#
30o
/
Quarterly
4
25c
.
-
Interest
General Public Utilities
(initial)
George Putnam Fund cf Bostonj
Gerrard (S. A.), preferred (s-a)___
GiUette Safety Razor Co., $5 pfd. (quar.)..
17V^c
10-
50C
Link-Belt Company (quar.);
Lion Oil Co.
(quar.)__———
,,
40c
y
Mills,
Common
t
1
10-15
13C
....
.
,
Public Service, $6 preferred
preferred
(quar.)
preferred
(quar.)
10-16
10-
*$1
.
General
$4
10-18
10-18
;
5c
40c
/ >
;
10-21
-
A
$5.50
noc
4
25c
(quar.)___
(initial)
of beneficial
1
11-
*8%c
50c preferred (quar.)..
Lincoln National Life Ins. (Fort Wayne)—
....
-
Inc.
Motors, $5 preferred (quar.)
General Paint Corp., common (quar.)
11-15
.ft.
common
10-15
General
85C
4V2%
Liberty
30c
Trust
9-1#
10-15
11-
'
(irrcg.)
Brewing Co.
Water
9-30
10-31
-
.
preferred B (s-a)
General Investors
10-
*75c
-
...
Extra
10-15
;
series C
A (s-a)
preferred
preferred
Lenox
Lerner
10-15
10-31
Corp. com.
6%
1
10-25
'
Co..
11-
*50c
Corp.. (lrreg.)
*$1.25
,(quar.)____jl„_,
$1.25
;a/A'.,
Co.
•
9-30
9-30
55c ; . 10-31 !< 10-15
.f! 33Vic
11- 1
(reduced)
Baking
4%
10-10
10-15
10-10
10-18
10-15
12,/4c
>.! 7V4c
v
Co.
5%
-
7
$1.75
10-21
$8
....
Capital
General
7
30c
10-10
a
(quar.)
9-14.
*$1.75
Lawyers Title Insurance, 6% Pfd. (s-a)
Lebanon Valley Gas, 6% preferred
(quar.).
Lee Rubber & Tire
(quar.)-_^M——
Lefcourt Realty Corp.—
Prior
preferred
(quar.)
—
Additional
——
Lehman
Corporation (quar.)
1
*35c
(s-a)
General
1
12-20
10-26
;
;
General
2-7-47
30c
*25o
—
Payable In cash or I. G. Chem. stock.
9-30
1-2-47
$3.50
%
9-14
10-15
$1.12 y2
(G.)
Bryant,
Class
11-20
10-
10c
(accum.)
10-
10-15
12- 1
9-2®
10-15
10-15
25c
Lawrence
5
10-15
10-31
_
Class
1
B
10-
4
11- 1*
11-20
*37 Vac
(quar.)
Quarterly
Lane
9-30
10-21
10-1®
20c
.
Langendorf United Barkeries, Inc.—
$2 class A (quar.)
—
10-17
15c
(quar.)__^...____..^..'_
Malting, common (quar.)
$2.20
10-15
1
4V2% preferred (quar.)
Company, 7% 2nd preferred (quar.)
Lamson
10-10
HVsO
(quar.)..
10-15
1
-10-15
15c
("final)"!!
7
10-16
75c
!
(increased)
Co.
?
1
10-25
$1
(quar.)__
4%--conv. pfd..
Gardner-Denver
Co.
(quar.)
General Aniline & Film, Class A (reduced).
10-15
(final)
;
Fran.)
10-15
11-
50c
11-
$4
10-14
30o
Extra-
9-30
.
10-
i___.—.
Krueger
9-30
10-15
1
Canada—
Manufacturing Co.-—,
Emil)
Lake St. John
$1.50
——.
&
Fuller-(George A.)
10-1
11-15
Ltd.—
(quar.)
(quar.)
(quar.)
-
(San
Rubber
Telegraph
Froedtert
10-25
10-10h
$3
Commercial Discount
(LosArig.)
7% preferred (quar.)
preferred
11-
$1.75 2-15-47
pfd.
(final)
Alcohols, Ltd.,
preferred
1
11-15
Enterprises,
preferred
Ins.
&
pfd.
;
Foundation Co. of Canada (quar.)
Twelve West 6th Co.—
11-30
35c
I
preferred
(D.
9-lfl
.
10-14
11-
.
*85c
Kroehler Mfg. Co.,
11- 8
10-15
1
,25c
(quar.)
Klein
5
Labatt
.
1
11-
■7
10-
10- 1
12-2#
11-
62Vac
Kirkland Lake
9-16
.
Four
9-30
10-15
$1.75
Electric, 5%
convertible
Tire
prior
partic. preferred
Fort Pitt Brewing Co.
9
10-31
)_!!
•
preferred series A
Fund
General Finance
Iron
.....
Sons
7%
10-15
(Increased quar.)__
quar.)
6%
(quar.)
(accum.)
11-1
10- 7
11-15
12-30
$1
!'.■?
of
9-1®
11-15
50c
>/■:.
:.
.
7
11-30
$1.25
•
Co.
10-
$1.50
(quar.)_.
pfd.?,(quar.)
Kerr-Addison Gold Mines, Ltd.> (interim).-;
Kingsbury Breweries Co. (irreg.)
w_4
«
10-15
50c
preferred (quar.)
Florida Portland Cement—
9
10-30
(s-a)
5%
*$1.25
($100
Extra
6%
10-11*
$2
Brewing
(initial)__!!!
Works, 7% preferred (quar.)
Co., Ltd. (s-a)
&
8%
10-31;
10c
Plow
Fuel
8%
11-
25c
5c
(quar.)
preferred
(annual)
(quar.).
Kentucky Utilities Co., 6%
Kroger
25c
......
Stores, 7% preferred
Fleming-Hall; Tobacco Co., Inc.-—
10-21
"
Electric,
Fireman's
Firestone
! 9-30
40c
/
1
10-15
15c
Cleveland-Sandusky
5%
11-
5%
_
common
(quar.)
preferred
A
Combined
tl
33% %
(stock dividend
(quar.)
Gas
2nd
Colorado
10-10
!
Products
(Wm.)
Eraser Co., Ltd.
City Stores Co., common
Cockshutt
1
25c
City of Paris Dry Goods—
7%
1st preferred (quar.)
Clinton
11-
25C
Fund, Inc
Chicago Allerton Hotel
Class
50c
37Vfec
Chemical
7%
10-10
1
Products—
Investment
conv.
Chasers,-Inc.
7%
10-21
_
(Initial)
pref.
Ltd.
preferred
5%
11-15
10c
...——.
Fitzsimmons
(N.
Products,
Store
4Va%
Fibreboard
Filene's
12-15
50c
dividend
prior
7%
11-25
11-25
_
(quar.).
Central Paper Co.
Certain-teed
4J/a %
12-15
11-
(quar.)
Associates
Steel
4%
10- 5
10-1
9-16
$1.50
Cleaning & Dy.eing Co.--*
y
preferred (quar.)$1.75
11-15
ti5c
12 %C
Ohio
(quar.)
6% preferred (quar.),
10-7
*15c
;
(initial)!
(quar.)
Central |*ew York
Power, 3.40% pfd.
Stock
1
■•$1.25
Extra
common
9-30*
9-24
Kellogg Switchboard & Supply Co.,
/
Fenton United
_
(quar )
Light Co., com.
Carpenter Paper Co.—
4% preferred (quar.)
New
11-
*15c
~
_____!*
Carolina Clinchtield & Ohio
Ry.
Carolina Power &
Central
tlOc
preferred
9-30*
10-15
10-10
Stove & Furnace
(quar.)_
City Southern Railway—
non-cum.
preferred
:
30o
9-30
10-11
1
7'/aC
Bronze
Naumberg
30o
9-30
Aguirre
12-
10-19
10-15,
93 %c
& Johnson—
1
;
10-15
preferred
11-
40o
11-21
/
(quar.)
10-1010-15
„
<11-1"
50c
'
10-31
(quar.)
25C
;
1
(quar.)
10- 7
10-15
9-3®
•12-
Foundation, Ltd.—
11- 1
35c
Extra.—.
9-2?
10-25
// Kansas
10-15
10-15
10-15
—
9-20
10-15
;
Kalamazoo
3-20
S-30
Esquire, Inc.
...——i—-w—.
Eversharp, Inc., common (quar.)
9-20
10-15
*50c
9-2?
25c
Joplin Water Works, 6% preferred (quar.)
Journal Publishing Co. of
Ottawa, Ltd.—■
Quarterly
12-20
.
10-15
*25c
_
10-15
5%
12- 2
50c
87V2C
$1.05.
10%
15c
$1.25
(initial quar.)
$3.50 pfd. (quar.)__
*15c
Central
10-10
'
}$1.50
Corp., common
1
12-16
$1.50
y f 15c
National Bank
11-
$4
10-15
10-15
1C
;
2nd preferred series A
&
11-1
5C
4V4% preferred (quar.)
Manville, 3y2% preferred (quar)
4%
1
10-
25c
(quar.)
preferred
Johnson
10-15
10-15
(quar.
Co.,
Nickel
.
4
10-15
10-25
:
$1.25
:
;
Tea Co..
Johns
Jonas
Electrographic
10-31 ::
10-25
10-25
1214c '
Co
(quar.)
Royale Copper
10-25
-
(quar.)
Celotex
Isle
11-4
25c
Share
10-25
11-15
50c
(quar.)
Jacobs (F. L.) Company 5% pfd. (quar.)
Jersey Central Power & Light—, ,
Co.—
Investments, Ltd. (quar.)
Industries, Ltd., new com. (initial)
7%
preferred
(quar.)
Canadian Investors Corp.
(quar.)
Canadian Motor &
Lamp Co., Ltd.—
preferred
10- 2.
$1.12Vi
$1.25
Works
Bond
11-15
$i
15c
preferred (quar.)
Management Fund
Common
>
——
Co.
Iron Fireman
20c
Co;,- conv. pfd.
$4.20 pfd.
4
convertible
Investors
10-15
1-1-47
9-30'
10-25
(s-a)
Canadian
Corp., 4%
10-15'
4-1-47
Electric
9-30
10-15
Steamship Lines, Ltd.
Fairbanks-Morse. 6%
Carrier
6%
1
'
preferred series B (accum.)
Dorado
11-
75c
(quar.)
preferred
Investment
/;
9-16
11- 1
$1
17c
25c
El
11-18
!--/
...
.
preferred < quar.25a
Township Telephone (quar.).
25c
Ekco Products Co., new common (initial).—
25c
4Va% preferred (quar.)
$1.12%
10-15
11-1
Canadian General
Chase
,
75c
Corporation
10-31 ;
y
_
Class A (quar.)
V Class B (quar.)
Canadian Oil Cos., Ltd.
>
*50c
Metals
11-15
(s-a)
Corp., Ltd.—
(quar.)
Canadian
.
*25c
*$1.75
common
-
preferred
7%
10- It
•
—*20c
(E. I.)
10-15
tquar.)__
11-15
Camden
Canada
k
Eastern
10-15
>
10-15
6% preferred 3927 Series
(quar.
California Packing Corp., common
Common
10-
$1
7
8i
$1.25
par) (quar.)
;
7% preferred ($5 par) (quar.)
!
International Milling Co. 4% pfd. (quar.)
Interstate Department Stores (Initial quar.)
'
Byers (A. M.) Company, 7% pfd. (quar.)
Calgary & Edmonton Corp., Ltd. (s-a)
Canada
11- 1
1st preferred <quar.)
^
Eastern Racing Assn., $1 preferred
11-7
5%
*25c
6%
preferred (quar.)
3Va%
preferred (quar.)
10-
,•
Motors
Shoe
International
•
1
7
11-
9-27
1
com.
Quarterly
t
6-1®
10-
10-31
(quar.)
Powders, Ltd. com
6% partic. preferred (quar.)
International Harvester, common (quar.)
9-27
10-
10-
2
a
10-
Eastern Massachusetts Street Ry.
com.
preferred
Electric
International
10-15
1
10-15
10-15
10-31
Eastern Magnesia Talc Co., Inc.—
'12-
11-
10-31
1
10-15
pfd.
Incorporated Investors ■&'
Indianapolis Power & Light
"-
10-15
;
*10c
10-
1 '
12-27
6-27-47
10-31
i.
Illinois Zinc
9-3®
*30c
Eastern
10-30
9-2?
12-14
93%c
Dividend arrears certificates
10-15
1
—
1*
.
8
(quar.)....
(quar.)
A
5%
(qiiar.).__.
(Edward) Lumber
5%
9-27
31- 1
*37Vic
t25c
*35c*
;
10-
du Pont
10-10
10-
50c
$1 conv. 2nd preferred (quar.)___.
Illinois Power Co., 5% conv. pfd.
9-30
10-15
11-
*75c
......
10-17
11-
(quar.)..
4%
y
$4 preferred
9-30
yyUi't?
_
Co
__
*6%
Co.,
9-34
2
40c
Hummel-Ross Fibre, 6% preferred
Huttig Sash & Door, Co.—
7
10-
10-30
10-31
*44c
10-15
Trust
Brooklyn Union Gas (quar.)
Brown Shoe
Company, $3.60 pfd.
Burlington Mills Corp. (quar.)
•
Chemical
2-
10-31
*20c
(quar.)
Ltd.;
16-15
(quar.)
Chocolate Corp. com. (quar.)...
preferred (quar.)___.__
Spencer Bartlett (monthly.!
Humberstone
1
& Supply (quar;)
de Nemours & Co.—►,
$4.50 preferred (quar.)
Duquesne Light, 5% 1st preferred (quar.).
10-15
10-10
*75c
10-15
J 40c
dividend
conv.
;
Chemical
Industries,
Ducommun
(quar.)
British Columbia Telephone Co.—
6%
1st preferred (quar.)
■
Dover
■■■A.
10-15 y
&
9-22
3714c
(quar.)
Co.
9-2?
7
America
com.
2
10-15
1
10-11
15c
Huyler's, $2 partic. 1st preferred (quar.)
'.
.!
Tar
Powder
3%%
.11-
15c
pfd.
Howell
10-10
(quar.)
Linoleum
&
68% c
*
9-3#
10-
20c
Horn & Hardardt Co.
(N. Y.)
Household Finance Corp., common
9-28
11-1
(accum.)
"
preferred
(quar.)_._
$1 class A (quar.)..
Horder's, Inc.,
(quar.)
5
10-19
25c
pfd.
common
10-23
(irreg.)____
Holt (Henry) & Co.—
'
(quar.)
Oilcloth
5%
5
10-
t$1.25
r
(quar.)
Voting trust certificates (quar.).—.—i.
Dominion Textile Co., Ltd., 7% pfd.
(quar.)
Donnacona Paper Co., Ltd. (increased s-a)_
9-30
93%C
Co.,
10-15
Stock dividend.
Payable in Southern Min¬
eral
Corp.
stock___
Holly Development Co. (quar.)
'
.....
*27Vic;'/
Extra
Dominion
10-
$1
f
(quar.)
Glass
preferred
Dominion
10-11
40c
_•
7%
9-20
t$l-
preference
Dominion
2
$1.12V4
50c
Company
Hlnes
11-14
3-1-47
(initial)
-
Ltd. com. (quar.)
preference (quar.).
.-
1st
A
v
10-10
10-10
Fabrics,
2nd
10-15
10-
non-cumulative
G%
10-15
10-16
16c
(quar.)
5%
Dominion
10-15
10-31
-
1
10-31
.
Bristol-Myers Corp.—
3%% participating preference (quar.)
British Columbia Power
Corp., Ltd.
Stock
9-30
20c
Power, Ltd. (s-a)
County
9-30
62'/a C
(quar.)
(stock dividend)
common
10-10
10-15
10-15
11-
Clay Mfg. Co.
of
Co.
Special
.
Dominion Dairies, Ltd.—
10-20
20C
$1.30 1st preferred (quar.)
Brazilian Traction Light &
Bronx
9-27
$1
Boston Edison Company (quar.)
Boston Personal Property Trust
A
10-10
10-
>____
conv.
Hlgbee
; 9-27
12-
75c
(quar.)
...
Company, common
Cup
1
10-15
250
-
(s-a)_
Dome Mines, Ltd. (reduced)
Dominion Coal Co., Ltd., 6%
9-16
/"
Co.—
preferred
Dixie
125c
Company (Initial)
Bon Ami Co., class A (quar.)
Class JB
(quar.)
Borg (George W.) Corp. (quar.)
Class
6%
*10c
,
(Philip)
Co.
10-15
Match
Distillers-Seagrams, Ltd*—
10-19
55c
:
Bridgeport Hydraulic
11- 1.
$4
5
10-25
10-15
20o " • 10-15
■
—....
participating preferred
Dickey (W. S.)
10-15
10-19
1
t$2
Biddeford <fc Saco Water (quar.)..
Biltmore Hats, Ltd.,
common
(quar.)
Rolling Bearing
Cordage Co.,
10-30
II-
$1.50
£Li
6%
4
35c
Beverly Gas & Electric (irreg.)__
Bower
11-
75c
(quar.)
Brantford
Diamond
2
—
GasketManufacturing———
Detroit Steel Products..
10-"l
10-21
12-
———
10-
30c
10-11
1
Co.
preferred
Hershey
9-20
10-21
50c
10-15
11-
(Increased
Light
Company
Hibbard
5
25c
20c
(quar.)
10-31
Co.—.
Corp.
Hercules
9-30
\
10-10
10-10
75c
Stock
10-21
...
50c
Blum
•
5c
Company
Union
12-14
$1.50
;
Marx
Electric
&
3%%
1
$1.50
__
(quar.)
10-
25c
25c
ZZJ.
Baldwin Company, 6% preferred
(quar.)
Baltimore Porcelain Steel, 7% pfd. (quar.)__
A
12-14
10-21 <
10c
10-
Manufacturing
10-15
Additional
Ilecht
Corp.)
Detroit Kdison
Class
2
(quar.)
Co.
(quar.)
Detroit
(quar.)
2
10-
Cohn
&
10-15
Canada
10-
10-15
12-24
10-15
Spicer* Mfg.
10-15
of
11- 1
llr 1
2
,
1
Telephone
2
10-
—'
1
Bell
10-
(s-a)
11-
preferred
10-15
$1
11-
1st
30c
$1.1214
——
$1.12
$6
12-17
—
56 Vic
Bangor
12-31
&
Electric
Haytian
1
l
(Alfred)
1
12-28
Refractories—
(quar.)
Schaffner
Haverhill
9-30
10-
10-
Decker
11-
6c
(quar.).
Sons,
7%
Hydro Electric
10-10
11-15
10-15
10-10
30c
*50c
preferred
Hart
9-25
10-15
Decker
60
&
10-15
6%
■
'
$1.3114
(quar.)——
Harbison- Walker
1
$2
common
Stores
11-
25c
Harvard Brewing Co.
(irreg.)___
Havana- Lithograph Co., common
(increased)
6% conv. preferred (quar.)_
10 %
Drug
11-14
60c
13Vic
preferred (quar.)
Bancroft
4
10-15
9-17
6C
Monthly
Monthly
Aviation Corp., $2.25 conv.
Babcock & Wilcox Co.
4
2
Manufacturing Co.—
participating "(quar.)_______
;; Harrisburg Gas Co., 4J/a% pfd. (qOar.)_____
(quar.)
4
12-
Preferential
/
.
9-20
10-14
10-
7:7, 15C
.....
Hamilton
12-15
—
Corporation
(Formerly
/'
*_
1
Candy Co., $4.50 partic. pfd. (quar.)
$1,121/2
Corporation, new common (initial),—/
25c
3%% preferred A (initial quar.)_.
93%c,
:10-17
__
11-
Curtiss
stock
common
10-10
10-
'
(quar.).
preferred
Cunningham
1
9-27
10-25
12- 2
10-10
(quar.)—
Co.,
1
34 %c
1-2-47
Stock dividend
4Va%
Culver
Brewery—
preferred (quar.)
Grless-Pfleger Tanning
11-1
Dana
_
$4.50 preferred
"•.
:
preference
preferred
11-
10-14
9-3#
Griesedieck Western
$1.13
Package Manufacturing (quar.)—
&
Seal, Ltd. (quar.)—
Forster, common
Packing
Special
10-16
30C
quar.)
Monthly
'
10-25
1
75c
$1.75
preferred
10-
30c
16%c
(quar.),—
10-15
10-15
Die
&
11-
common
10-14
9-2®
*$1.75
Company (quar.
Tap
11-20
(quar.)
10-14
1-
30c
(quar.)
11-20
Cork
&
8%
150c
(quar.)
shares
11-12
-
A
Cudahy
(payment clears all arrears)!.
Autocar Company (stock dividend) —
One share of 5%
convertible preferred C
for
Crown
10-15
1
11-
•,
(quar.)
class A
held
series
Creamery
(s-a)_
(increased
Co.—
prior
preferred
Refiinng,
preferred (quar.)
$5.25
9-19
;
(quar.)__.
50c
pfd.
1
11-
(Winnipeg)—
11-
1st pfd. (initial)
(initial)———————
10-
11-
50c
*$3,75
(H. L.)
Greenfield
25c
iquar.)__——
4Mj%
Co.,
Products
Crum
preferred
preferred
Steels,
Austin Nichols &
10-14
t22'/2C
Refining Co.—
3.60%
Atlas
5%
RR.—
preferred
convertible
2nd
4
*
(quar.)
preferred
Atlantic
10-
Co.
1
10-31
35c
Quarterly
Green
50c
common—w-—(initial s-a)
pfd.
Converse Rubber, 5%
1
12-10
11-1
10-15
;, y!'•/''■ •'.•
Y.~~
Cornell-Dubilier Electric-—
deposit rets, (interim)
Telephone Co., Ltd.—
4J/a %
'
Corp.,
Mills,
Insurance
Assurance Co.
Holder$
Payable of Ree,
*50c
—u.™'—.30c
Continental Gin
12-23
12rl5
,
37VaC
;
American
Great Lakes Power Co. Ltd. $7 pref.
,
Great West Life
*$1.50
(quar.)___
Extra
11-
10-31,
10-15
1
,
(quar.)_--___—$1.25
Textile
$1
11-15
11-
$1 )
25c
Great
When
Share
......
■
_
(Toronto)-—
of N.
Co.
Grocers
1-21
10-10
—
(quar.)
Electric
Edison
preferred
"■$3
Associated
(initial)
com.
,.
,
Heating Co., Inc. (quar.)—.
$1
10-15
9-30
Industries,
Inc.—t
Container Corp. of America
10-22
9-27,
10- 2
Name of Company
<
Goodyear Tire & Rubber (Canada)—
4% preferred (Initial
quar.)...
Gotham Hosiery Co. (Increased
quar.)
Special
;
1
Chemical
Consolidated
5
1
11-
$1.50
$1.50 :
.u._
Mills, 6% preferred (s-a)
Mills
new
partic. pref. Class A
Arcade Cotton
Arlington
Car
10-11
a';
a
,•
10- 4
.J,.—*———.
(accum.)
Consolidated
(quar.)
\,■'
,
—
10-15
10o
Appalachian Electric Power—■*.£'
4Va % preferred (quar.)
$1.12 %
I
preferred
Confederation Life Association
9-21
v
10-15
$1.25
____
(quar.)
prior preferred
Angerman Company
(New Haven)—
11- 1
$3
100%
Southern, $6 pfd. (accum.)
Co.
Consolidated
;/;■ $5 conv. prior preferred (quar.)_„
Anchor Hocking
Glass, common^.
Anchor Post Products, Inc.—
6%
7%
25c
____
prior
Concord Gas
$2.25
Wire & Cable
American Zinc Lead & Smelting Co.—
6%
Commonwealth &
35c
Compo Shoe Machinery (stock dividehd)____
t
Per
*.
Payable of Rec.
Share
'
(quar.)_^_-__»_.
9-14
$1.25
(quar.)__
!
.
Quarterly
preferred
Anaconda
Co.
'
'
9-20
(Abilene, Kansas)—
(quar.)_
Telephone & Telegraph
Edison
Conde Nast Publications
10-
30c
______
American
10-15
A'
y
♦/
Holders
When
Per
Commonwealth
American
American Telephone Co.
'
Name 0} Company
1'
Safety Razor—
New common (initial quar.)_____
American Seal-Kap Corp.______j^._i.i;;___i_.'
;/
''
Holders
Payable of Rec.
1761
'
10-15
$1.06 y4
11-
-9-30*
9-30*
1
20c
13 %C
10-15
?
10•
1
10-
10-15
1
"
(quar.)
50c
10-15
0-3®
80c
10-10
9-27
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, October'7, 1946
.
■When
•Per
*Holders
'
Name of Company
[
ManatL
Sugar
Manhattan
Extra
■
Co.-H—
Bond-
25c
-
,
■..I"'-. I
__
--•
Marchant Calculating Machine ^quar;)_iii_ '
Maracalbo
Oil
Exploration—.—-
•____
.10-15
9c
10-15
10-
29c.
»
Fund—__________
———i—.——
10-15
10-5
10-15
9-30
:37%c
7c
_
Maritime Telegraph & Telephone Co., Ltd.-—
Common
(quar.) •
;J
Payable of Rec.
Share
-
10-*2
$17%c
10-15
50c
10-31
Massachusetts Investors Trust-(irreg.25o
Massachusetts -Power •& Light Associates—
'•1 •.
$3 preferred (accum-)
30c
10-21
9-30
10-15
10--'4
%%
preferred B (quar.)
Marshall Field & Co. (quar.)
Massey-Harris, Ltd.
Rubber
Co
—
11-1
Extra
10-15
10-
10-15
9-25
$2c
12-14
11-15
Reed
1
$1.75
10-15
10-15
11-
1
lc
12-3
'>11-151
lc
12-3
11-15
37%c
10-20
9-30
3
,
?.
Chemical
Co.
'
:
..
of
America;—
Rhode Island Public Service,
<-
$1.50
preferred (quar.).
Mutual Investment. Fund (quar.).
Mutual System, 6% preferred (quar.)
Narragansett Electric, <4 fa % pfd.
Battery Co. (quar.);
10-15
$1.50
(H.
W.)
12-10
12-28
10c
10-15
9-30
10-15
,
9-30
11-
1
10-15
Russeks-Fifth Avenue
30c
11-
1
10-18
St.
NationaL Biscuit. Company, common (quar.)
National
Bond & Share;_____.
National Cash Register * (quay)
,>
30c
15C
10-15
9-10
10-15
'9-30
25c
10-15
9-30
National
Company
10c
New
—
Ndttanal Lead Co., 6%
(quar.)
10-15
10-15
11- ,1
*15c
10-12
10-30
- - • -.
■■
SL50
-
New Idea, inc.
Newark Telephone Co.
_____
1st. preferred -(accum.)
10-15
/
Western
Northern States
Power
preferred
'10*10
11-
Co.
"/
11*15
10-
'
■
12-17
55c
11-20
11-1
1
10-15
1
Increased
10-15
1
New
;9-30
10-19
Southern
r
;10-15v
10-15
Southern
Pacific
Gas & Electric
(quar.)
Pacific .Lighting Corp., $5 pfd. (quar.)
Pacific Petroleum Ltd. (initial
s-a)—_
Pacific Portland Cement Co.— '
*
Corporation
Park & Tilford,
Common
$1
1
9-30
10-15
11-15
10-30
10-29
10-19
10-15
$1.50
10-15
50c
10-15
$1
(quar.)I
10-15
75c
..
11-
40c
5
10-31
$1
$2
;
10-
12- 2
J75C
.___:
4.15%
5
Extra
.'Spring
Valley
4Vi%
4%
12-14
prior
Perkins
preferred
Machine
&
7%
Gear
$1.75
& Bros,
Co.,
refunding
Oil
preferred
State
Steel
Street
Co.
(initial).
6%
preferred
10- 1
.
4.40%
preferred
Insurance
$1.10
(s-a)
4%
'
convertible " prior preferred
Special preferred (quar.)
■-
Plllshury Mills,
10-ix:
10- ,1
M-
t.
10-15
11-1
10-15
II-1
10-15
11-
1
11- 1
10-15
50C
11-1
10-15
30c
11-1
10^15
10-1
11-1
10-1
iiy4c
10-15
:'9-30
$5.preferred
Thew
Shovel
ioq
10-21
9-30
10-15
9-30
10-
7
9-24
iUdylite
10-10
9-20
United
$1
Porter (H. K.) Co., common__
™
Power Corp. of Canada, 6% 1st
pfd. (quar.)
,'6% non-cum. partic. preferred
(quar.)___.
prentice (G. E.) Manufacturing Co. (quar.)
_
15C
10-15
9-20
'$75c
10-15
--9-20
50c
10-15
10* 1
50C
10-15
10- 1
$$1.50
•
10-15
10-
5%%
■Class
••*--
resident
tax
&
I
(quar.)_______
(quar.)_____
;•
2- 4 '
,$L26%M145
.
1
10-15
12-
2
9-30
.
93%c
2- 1 >
>10*10
^
8-25,
9-19
:
40-15^
10- I
;
-25C
10-15
11-
$$1.75
$25c
10c
9-30
:
1
10-15
10-31
10-16
:
10-31
'
10- 5
1-1-47
12-20
75c
:
Jamaica
income
tax.
12-1$
15%:
resident
tax.
■
:
,
7%.
a
—
»
Less
'
;
E.
British
income
tax.
.in
*
■——xi—I
Corporation and
(Continued from page 1728)
held
are
par
on Aug. 28 notified the stockholders
terms and provisions of the amendment
Levy, President,
with
accordance
the
1
10-
7
12-12
11-30
12-16
12-
5
First National Bank, & Trust :Co., Pittsburgh,.
10-10
10-
1
the
v^lue stock certificates.
1
11-
1
mon
Stockholders
10-18
10-21
10-6
11-
1
10-
I;
1
$1
10-15
25c
'$1.59
to
transfer: agent,
the
Peoples
Pa.; x.11 of their $Jt par
10-10
10-15
:
tolforward
asked
-are
10-8
>■■'
r
of
now exchangeable on the basis of two
shares of the new 50 cent
Value common stock 4or each share of the old $1 par value com¬
stock. '
"
7
11-
$1.25
:
that in
Rand's, approved by the shareholders at a special meeting
June 28, 1946, their $1 par value common stock certificates
of
on
New Common Stock Receives 2^-Cent Dividend—
9-18
dividend of 2yz cents per share on
par. value, payable Sept. 45 to •■,
equivalent to 5 cents on the
old $1 par shares wjiich received 2 fa cents on March 15, 1946, and
a
quarterly of 2ya cents and an extra .of 5 cents, on June 15, 1346.-rV. 164, .P. 322.
>>
'
"
'
"
9-14
'
9-30
11-1
1040
41-1
10-10
25c
42*12
10-15
10- 1
common
new
holders
record
of
declared
stock
of
Sept.
5.
50
a
cents
This
was
11-29
..430C
directors recently
The
,4*1.75
.
3 Read
"SEC—
V
41-25
10-10
41-22
.10-22
10-15
$10
$1.50
c$L50
-42- 2
10-25
'
10- 4
12-
.
for
company
100,000
Noel
&
Co.,
1
11-15
25c
lT-1
$$1.75
10*15
"12* 1
11-20
40c
12-1
11-20
Reading Co.
9-30
35c
-
42-20
43%C
25c
-
$37c
15c
50C
10-15
11-15
12-10
10-
I
10-15
Gross
1944
1946
1945
$9,264,691
2,051,715
oper.
lncome___
984,394
$9,022,711
1,951,088
1,108,786
$9,791,949
rallway_____-
Jan.
1943
1—
from
Net
from
Net
ry.
From
Earnings—
T-33-
August—
10-31
Gross
11- 1
10-15
Net
from
1
40-15
Net
ry.
10-15
9-19
11-30
11*
Co., Bridgeport, -Coim.~ -Registers With
(D. M.)
:i0fv4.f::.3i333
Sept. 27 filed a registration statement with the SEC
shares 1 (25c par) common.
Underwriter, Van Alstyne,
New York.
Estimated net proceeds of $476,362 will be
used to pay off a loan from the Marine Midland Trust Co., New York,-—
V. 164, p. 959.
r'. i-rj
The
railway. ___
•
2,859,902
995,175
$9,938^44
3,469,93a.
957,708
railway....
railway—.
65,606,472
76,154,444
20,700,750
71,815,969
10,045,666
24,443,048
76,768,415
26,143,520
Income
4,065,246
9,386,985
0,725,355
12,198,078
from
oper.
—V.rl64, p. 1250,
.
'
10-16
10-15
-
-
g-25
lo-io-
:
Institution—
10-
11-
■
45C
$1.75
.
1
$1
•
■".42*4
*1.25 2-15-47
Rand's, Pittsburgh, Pa.—New Certificates Ready—
10-15
"IOC."
Co.
10-151J
1
1145
r
75c 2-15-47
Invesfmenl News
1
12-10
$25c
Tool, class A
'75c
Corp.—
Mercantile
General
Charter
50O
■■___
United Fruit
11-
$2.50
B
11-
i3iy4c_
.
■
S.
r
______________
B
11-
50c
(s-a).
Corporations, Ltd., class A (quar.)
•United Drill
-■•Class
"943
10-15
$1.12'/a
Co.__
preferred (quar.);
>______
Corporation (Initial)
'■■I;.
10-15
^Transfer books not closed for this dividend*
'
,
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
$Payable in Canadian funds, tax deductible at the source.
Non¬
;
.____
-
10-15
41.75 ;
30c
1
i
Gold Mines, Ltd. (interim)—_
Manufacturing Co; (quar.)
.Company, - 6 % preferred
Trinity Universal Insurance (Dallas) (quar.)
Tuckett Tobacco -Co., Ltd.; 7% pfd. (quar.)
Tyler Fixture, 7% preferred A—
8% preferred B
'
9-13
!
35c
•
.
$1
Trane
Slfac
......
9-10
_1040 V
#9-13 .IT'
10-15
.
■
9-30
10-15
•
*
'O-S*:-4""
.
10-30
10c
10c
(qnar.)__:—.—.
(quar.)_.
10-15
$1.50
37ViC
—_
12>/ac
Towle
10*
40-15
475c
Toburn
*
"$1.75
8
preferred
Thermatomic Carbon Co«—
'
10-15
n
17 Vic
_
30%
xLess
the
Water Co., 6% non-cum. preferred_;_
Thatcher Glass Manufacturing-Go*---
$2.40
10-10
40c
8
25C
Texas
10-18
20C
______
___
Texas.Public Service (Del.)
9-30
$1.75
(Increased)—
Fuel. Co..
10-22
> .$1
Plomb Tool Co.
Extra
9-20
90C
Piper Aircraft, 4fa%
conv.
pfd. (quar.)__
Pittsburgh, Fort Wayne & Chicago Ry.—
7% preferred (quar.)
Pocahontas
10-10
40c
(quar.)__^
$4 preferred -(quar.)
Pioneer Petroleum, 7% preferred
(s-a)
Pittsburgh Screw & Bolt (quar;)
1
37'/2C
preferred
$2
11-
10-15
60O
-
(quar.)
■
Phillips Jones Corp., 7% preferred (accum.)
Plg'n Whistle Corp., .common (initial)
■
•
35c
;
9-20
10-25
11-
Taunton Gas Light Co.
(quar.)
Philadelphia National
40-18
10-15
$75c
(quar.)
Tacony-Palmyra Bridge, 5Vi% pfd. (quar.)_
(quar.)
Technicolor, Inc.
Texas ,Power & Light; $6, pfd. (quar.)___—_
7% preferred (quar.7.
Co.-
Philadelphia Transportation, common
II
participating preferred :
Philip Morris &. Co., Ltd., common (quar.)3.60%
nrefeiTed
fouar.l
10-
60c
11*
1
10-15
60c
(increased)
$1.50
(s-a)______
Philadelphia- Electric
11-15
'
$1.50
6
93%c
of
Company
10-18
common
10-16
12-
$37%c
(quar.)__
> Superheater
9-20
11-15
(San Francisco)—
10-11
i
>"
50c
Phosphate & Acid Works, Inc.—
.
•
/v"
'
1
10-21
1
12-16
$2
10-
1
"
11-
10-15
40C
(quar.)
Investment
11-15
10*15
Co._
10-16
35c
10-25
11-
10-7
1
92Vic
12VaC
1
50c
Co.__________.____
Perry Fay Company (increased)
Phiaris Tire & Rubber, new common
(initial)
Philadelphia Company, common (quar.)
11-
11-
Ltd.
(liquidating)
Co., Ltd.—.
pfd.
>
41*18
11-15
$1.03%
1
$1.25
1
;
10-
1
9-30
12-
(quar.)
9-28
,
10-15
(s-a)
preferred
1
2
(quar.)
—up
:
Ohio, 3%%
Spring—
Co.
Cooperative
Quarterly
10-15
50c
of
Products
Zion's
9-18
11-1
$1.50
10-10
9-20
10-10
(quar.)
15C
10-15
$1
i
9-30
quar.)
(Dallas)
11-
9*20
(quar.)
■
>40-i5:>'fe'
1045
>
1
"12-3
80c
Cab
Yellow Cab Co.
Co.—
50c
■
10-i5
10-15
,9—0 '"",1
4
1
Extra ;
Yellow
\
11-15
$1.20
pfd.
^
**"*
(accum.)
11-15
2
12Vic
..
___
6%
2-5-47
2
12-
$$1.50
Co
Canada, Ltd., com. (quar.)
>; 7% preference (quar.)__
Sterchi Brothers Stores, common (quar.)
Stratford Pen Corp._:
'Stonega Coke & Coal (resumed)
Sun Oil Co., 4Vi%
class A pfd
(quar.)_.__
Sunshine
Biscuits, Inc.
(irreg.)
Super Mold Corp. (Calif.)
(quar.)
25c 2-15-47
12-
10-
11-
»
Quarterly
4-1-47 3-15-47
11- 4
9-20
New
(quar.)_
Standard Wholesale
1
11-15
•9-30
25c
>
(quar.)
Wyandotte Worsted
9-30
10-15
10- 9,
;
,
(quar.)
Chemical
Standard Steel
11-18
I-1-47
1045
4045
10-19
v
12-
$1.75
> Wichita Water Co., 7% preferred (quar.)___
Wlchita River Oil Corp., common (initial)__
Wood, Alexander & James, Ltd,—
7% 1st preferred accumulated
Wool Gombing Corp. of Canada (quar.)
9-20
37Vic
i;
;
Standard
9-27
50c
25c
10-16
12- 5
11-
preferred (accum.)
old common (quar.)
quar.)__—
Chlorine
5%
preferred
(quar.)$$1.25
■Standard Fuel Co.; Ltd.—
.;•:.;■-■■ ■
10-23
10-
49-25
12-15
-
10- 6
-11- 5
$1.12 fa
$3-75 rpreferred (quar.).______
Weymouth: Light &..Power Co. (irreg.)
10- 4
70c
(A. G.)
/-9% ;preferred
;
10-15
11-15
$1.50
1
Common
.vii-
,11- 5
"-'IZ- S
12-15
$1.25
Co.,
Ltd.,
(initial
40-5
11-15",
17>/ac
'
34%c
;
7-15-47
10-15
$2.50
•
47Vic
4-15-47
8-1-47
62yzc
>>> Western'^PacificiRR. Co., common (quar;)__
Westvaco
37Vic
Electric
&
Petroleum
A
.
10-15
1
(increased
preferred
preferred
Standard
10-14
11-15
4040:
5-1-47
430c
410c
> New 41.40 pref. (initial quar.)
• Old 4%'preferred:
11-
26 Vic
Process,
Gas
;
»
10-15
20C/
1-15-47
45c f 4045
(quat.)
40-r4-r &h;{(5.preferred A (-quar.).
-9-30
preferred A 4ouar.>
•8-30 >
Western Tablet & Stationery¬
j"60c>;42-;^::^4i44
>
10-15
10-15
2-1-47
:
{increased
^
,
4145
13Vic,
$1.12 fa
i
Power
Class
10-15
Co.—
Southwestern Life Insurance
1
50c
(quar,)
preferred
(quar.)
$1 preferred
(quar.).
Pepples Gas Light & Coke
Pejre 'Marquette Railway—;
Common
9-30
11-
$$1.50
(quar.)_____
7
10-
4-50^^.40-21
„
9-30
Southwestern Public Service Co.—
>
9-30
10-
•
's
(quar.)
England Telephone
Southern New
9-27
9-31
t
preferred
•Spalding
(qnar.t
common
Indiana
4.8%
3,70%
Pdrke, Davis & Co.___
Paltchogue-Plymouth Mills
Peabody Coal Co., 6% preferred (accum..)___
Peninsular Telephone,
Franklin
Southern
9-20
10-15
50c
Penman's Ltd., common (quar.)
6%
preferred
(quar.).:„
Southern
10-15
$1
(quar.)
Inc.
10-15
I5c
"___
Colorado
-
"^Western LightTelephone Co.rrf.i-.vr
;::4940:9:9^5%4)iieferred-
-
Co., Ltd.—
participating preferred (quar.)
11-15
11-
,0.T
11-1
10-30
•
(quar.)
10-10
50c
,.25c>
Power
11-15
$1J25
1
425o *
1_
(quar.)
Canada
*
-
40* 7
13%c
(quar.).
quarterly
Bag & Paper—
(quar.)___
preferred
6%
preferred
pfd.
California Gas Co., pfd. A (quar.)_
10-31
4%
Westates
Western. Grocers,
.
1
10-18
11-25
1
12- 4
333/4C
'
Paper Mil^ ^coipmon_-_-_
.<M 4%% preferred
<
5
1040
10-
.11-
preferred (quar.)
Southern California Water—
>9-30
10-
10*15
A
10- 1
10-
;37V4c
—
5
10-10
10c
6%
f9-30
(quar.)$l.i2,/2
Ontario.Steel Products Co., Ltd.com.
(quar.)
$25c
7% preferred (quar.)
$$1.75
Oppenheim Collins & Co. (quar.)
50c
Orange Crush, Ltd., 70c conv. pfd. (s-a)
$35c
>
_
40-10
10-
15c
California Edison
(initial)
(quar.)
common
—
9
25c:
original preferred (quar.)
5fa%
preferred C (quar.)___
9-39
'
10-15 V
10-10
5%
9-30
10-19
■
10-
1
W-29
v
'
Western: Breweries; Ltd;
10-19
10-19*
10-4.9
$25C
4-1-47
$1.75
0-25
12-20
40- 4
common
Southern
:
$1.50
;».'50C
$1.25
-
•;/r-
9-25
9-30
11-1
10-15
10-
27c
Class B (quar;)
Washington Railway & Electric Co.—
5%
preferred (s-a)
—
5%
preferred (quar.)__
West Michigan Steel Foundry, 7% preferred
Wesr Penn Electric, 6% preferrea (quar,)—
7% preferred (quar.)__
West Penn Power Co., AfaYe pfd. (quar.)__
West Virginia Pulp & Paper (irregular)
9-30
41-9
10-10
1
1
$1.25
A (quar.)
preferred B (quar.)
non-cum. preferred
non-cum.
New
10- 5
•
41-4 '•
,.^45c>
com.
75c
Warner Company
—
Warren Brothers Xflass;
A^'(quar;);i>9i^u;««
'
Southern Advance
•
.
50c
./
conv.
11-
-
Warner Brothers Pictures—
9-23
12-30
$L25
Corporation
O.)
4
9-30
10-15
1045
10-15
12- 2
10-31
—
10-10
11- 5
1
11-
•
10-
0-25
12-16
___
9-30
/85C,
preferred A (quar.)
South Pittsburgh Water, 4 fa %. pfd. (quar.)_
Southeastern Greyhound Lines—
J •
Southern
Panama Coca-Cola Bottling
Paraffine Companies, 4% preferred
4
IZUit-
20c
conv.
9-30
Packer
5
.10-
10- 5
$7c
(quar.)__.
(Howard)
1
10-
10-15
(quar.)
Louis,
Solar Manxifacturing Corp.—
.■
10-
(A.
<'-9-25
6 V2 % preferred (accum.)
"
:
Pacific Telephone & Telegraph—
6% preferred (quar.)
10-
10-9
17ViC
4 % .preferred
(guar.)
,;Society Brand Clothes (extra
4
>10-<4'
10-15
St.
of
11-
7
^
'
10-5
10*15
25c
Co.
10-15
62yac
10-
10-21
-V
50c
Vertientes-Camaguey Sugar
37 Vac
4firginian Railway;-6% preferred v(quai9)>>^
37 Vac
6% preferred (quar.)
—
37VaC
6%
preferred (quar.)
——
37VaC
6% preferred (quar.)
'% i3y4c
Visking Corp., class A (monthly)
13V4C
Monthly
_i_
13V4C
Monthly i
Class B (monthly).
13»/4C
i3y4c
Monthly
i3y4c
Monthly
Vulcan Detinning Co., 7% pfd. (quar.)___—
$1.75
1
40-15
(quar.)&—u,;—
Smith
10-15
convertible
10-
1145
.10-15
4fa%
1045
40-15
20c
>
1
25c
:
Smith.
?i0-17
>$lY5 " ^10^14;
'
(quar.)
1
11-
40-10
•
9-25
11-
preferred
$2
17 ViC
'
;
?apor Car Heating(quar,K__
:.C6,;4nc.—>
1%
preferred
10-15
9Sinclair-Oil-Corp;y';(quar;)9>>>___9W>___i_^»,:!wUiP55c'';::'
11- 1
10-15
-
(irreg.)i>>_^_^>l^>i;«*
pfd.
'11-
$$2.25
Co.
Extra
Common
■
11-9
Slfae
•>-.
4%
10-10
Sherwin Williams Co. of Canada—
10-22
10-15
■
preferred
75c
Co.
Oklahoma Gas St, Electric,
Oliver Corporation— "
$3.40
; 5%
-,"5%
11- 5
11-1
10-21
1
Van
12-10
11*15
$40c
Simplicity Pattern 5 V2 %
11-1
25c
S;
(accum.)
12-20
$$1.75
Seven-Up Texas Corp
9-30
25c
•
(Del.)—
Co.,
Electric
11-
$75c
(auar.)__
Co.
9*30
*
preferced
Pictures
10-10
10-19
,10-16
"
;$2569v4^15-|r^9-23;
(accum.)
I
_:
20c
.
'9. $3,4)refer$«d: (quar.)
10-15
10-15
1
-
,
Shaffer Stores Co,, common (irreg.)Shawinigan Water & Power Co. (quar.)
c Sheraton
Corp, of America.
>10-16
1
10-15
1%
preferred - (accum.)—
$1.75
Northern States Power Co; (Minn.)-r '
'
>
$3.60 preferred (initiaL quari)_„,
.900
Nu-Enamel Corporation .(extra)—15c
Oljio Match
V';f
;
.
9-20
$1.75
_
*
Paper
Universal
Co., Ltd.—
6% pfd. (accum.)
(reduced)
Diego Gas & Electric, common (quar.)_
5%
9-30
$1
f
;
$L50 convertible preferred (quar.)
Northern Indiana Public^^jService-;—
•.
5 % preferred, (quar.)
Mills
96ecurity. ;gtngftg«^.f!or- ;;r
10-16
15c
75c
_
common,
North Penn Gas Co., 7 % prior pfd; (quar.)
North River ^Insurance Co. (N.
Y.) (quar.).
Northern; Illinois Corp., common (quar.)
11- 1
11-
25c
'
11-5
1
10-15
50c
(quar;)
Properties,
915
$1
(quar.)
preferred (quar.)
Scott
Railway Co.—
$3 preferred (quar;)
6 Ye
250
-
Adjustment preferred
'
11-15
10-15
11-
$1.25.
50c
.
North Boston Lighting
>•10*15
^*>'500 '
.,
Common
Scranton
9-15
93%c
Nineteen-Hundred Corp., class A (quar.)
Electric : Corp.
(irreg.)
&
9-28*
10-15
.
Noma
Norfolk
10-14 >
1-21
$1.50
(quar.)____
_
10-21
12-26
11-30*'
12-20
$7Vic
>.
(s-a)_.
preference
9-25
"
(quar.)
United Transit Co., 5%
preferred (quar.)__
•\ Universal Laboratories, Inc.—
,
Quarterly
Universal Leaf Tobacco, common (quar.)___
t.
12Vic
683/4c
$1.3iy4
$r>
preferred f (quar.)
San-Nap-Pak Manufacturing Co.—
70c preferred
(quar.)—
Schenley Distillers (quar.)
;
-
6%iprefer*ed (quar.)
Newberry (J. J.} Co., 3%% pfd.
Ni&gara Hudson Power—-'
^ ^
5%
V
__
(Ohio)—
Flour
A
convertible
•
5%
9-30
70c
10-1
15a
(initial quar.)
new com.
Ltd.4-
Corp.;
class
V
1-2-47 '
40c
United Stores Corp., $6 1st pfd. (accum.)__
'
J
>Untted;:Stockyarda Corp^—
;
.10-1
15c >
(quar.)
.,
class A convertible preferred
7%
10- 1 >
1-31-47
_
10-15*
Winding Co.
Opper .Michigan Power & Light—
Co.
Securities Investment
National Steel Car Corp., Ltd.-(quar. )_____< $37%C
National Tea Ca., 4%% preferred (quar.)—T 53fao
Naugatuck Water Co. (s-a)
~
1>
75c
Ndw Brunswick Telephone Co., Ltd.
(quar.)
$12c
_
/
10-11
$1.50
:
Lawrence
4%
St. Lawrence
10-11
20c
?;
1
—_____
Universal
f
—~5c<
(quar.)
Corp.; Ltd.**-
Paper
San
11-1
25c
preferred B
(quar.)_
National Malleable & Steel Castings (resumed)
National Mallinson Fabrics (quar;)
_
National Pumps Corp.—$%
prior1 preferred (qqar.)—;
>
•,
St. Lawrence Paper Mills,
San Antonio Gold Mines
•a-1
25c
f
,
Croix
10-10
f25c
—__—__ ___
National Department-Stores Corp.
National Fuel Gas Co- (quar;)_u
.St,
10-15
(quar.>$0.296875
25c
———————
-
9-30
11-1
(.initial)
(Initial)
common
'Extra
10*15
7%c
Corp.
National- Container .4%% conv; pfd.
NationaL Distillers. Products Corp.
11-
6%
9*19
,
50 %c
Cellulose
class A
(quar.)
St Co.
National
National
25c
Extra.''
United Steel
9-31
Robinson Cotton Mills, Ltd. (interim)
11-1
10c
10-15
■-Rochester Button1 Co. (quar.)___
—J25c
Extra.;
;
750. > 10-15
"Royal-Typewriter •CO;, common_____^______i v
15c.; 40-15
,7% preferred >quar;)
JKL7&"' 40-15
Russ Building Co., 6% preferred (accum.)-35c
10-25
"
9-30
37%c
(quar.)
10-15*
vU, S:iSmolting, .Refining & Mining—i-'
7%;i-'preferred"
>10-17
-
6%
1
'2? Vic
9-31
.11-4
-
-;•••.•
9-25
10-15
10-15
Co>" 4Vi % ,pfd. > (initial s-a) &->_
9-30
10-15
50c
$25e
$2 ,preferred : (quar.);_—
Rickel
33I
-
9-12
1
>
9-20'
10-10
11-
U. :s. -Lines
&
—_
>10-11
11-26,
12- 2
$1
Electric
11-
9
25C
(quar.)_
Co., Inc.
v
10-18 '
10-12
50c
Engineering—
$2.10 convertible preferred (quar;)
Republic Investors Fund, Inc;—
6% preferred class A (quar.)
>
6% preferred class B (quar.)
Republic Petroleum Co., common (irreg.)___
5fa% preferred A (quar.)_
Revere Copper & Brass, 5y4% pfd. (quar.)__
10- 2
$1.50
12fao
(quar.)__
A
—_______
Reliance
■i
10-1
5c
—__i_
B
(C. A.)
Company, $2 pfd.
Reed-Prentice Corp.
(extra)
Regent Knitting Mills, Ltd._
'Telephone &Telegraph Co.—
Quarterly
Mutual
Class
9-25
10-15
11-
12-16
$2.50
"U.TS. 'Plpe & Fpundry4-'
f
;
<
Quarterly
iU, S. Plywood, common '(quar.) __________
7
11-1
:•
7-1-47 6*16-47
4-1-47 3*17-47
25C
9-23
10- 4
.
1-2-47
$1.25
25C
.
——____
9-26*
50c
-
„_
(quar.)
___________
10-21
15c
.
Mountain States
10-8
50c
••
Power ,Co.
10-15
10- 3
-
■.
■■
———
10-31
1
1
(quar.)
—
.
Quarterly
10-11
11-15
10-15
—
:■
1
11-
3c
-
Mountain. States
•10-
$1.25
$1.25
,
Payable of Rec.
U. S. Industrial Chemicals
40*15
10-
Shdre
"'
,
.
U. S. Fidelity & Guaranty Co. (Bait.) (quar.)
Extra
_•
-
9-13
.
9-30
10-19
' 25c
Moneta Porcupine Mines, Ltd. < (interim)
MOnongahela Valley '-Water Co.—
;
7% preferred1(quar.)
—
Monroe Loan Society com., Class A (quar;)Montana Power, i$6 preferred (quar.) _:
Morris Plan Insurance- Society (quar;)
Mount Diablo.- Oil Mining & Development—
.
10-15
11-29
10-15
_
Extra
8-26'
11-1
11-30 '
__
—
10-15
,
>
—__
.
10-15
com.
(interim)—.
,v
$25c
'» 75c
McClatchy Newspapers; 7% pfd; (quar.)__
43%c
McColl-Frontenac Oil, 4% pfd. (initial)-— pM85c
McKesson & Robbins, $4 pfd.- (quar.)-'.
$1
McLellan Stores Co. (quar.)__
-3 • 25c
Mercantile Stores, 7 % .preferred (quar:)____
$1.75
Mercury Mills, Ltd. (quar;)
_
$25c
Miami Copper Co. (quar.25c
Mohawk
,
"
.
5% preferred (quar.)^Li_^____.
:
5% preferred (quar.)____—
5% preferred (quar.)_
_____
United New Jersey RR. & Canal (quar;)
10-5
.
McCall Corporation (increased-quar.)z__
Mid-West Abrasive .Co.—i
Midwest Piping & Supply (irreg.)
Miller Manufacturing Co., class A
9-20*
10-5
"
Name of Company
'
Holders-
-
^United Merchants & Manufacturers—*•
9-14
*
.
9-20
;
:
Payable of Rec.
Procter
10-3
10-17
1
10-15
________
Share
Preston East Dome Mines, Ltd. (reduced)
$iy2cf »\ ao-15
& Gamble 8% pfd. (quar.)
10-15
» $2
10-15
Prosperity Company, 5% preferred (quar;)-'
$1.25
11-8
Proprietary Mills, Ltd. (interimi___
»;;WJ$5C''
Public Service of Colorado (quar.)____
4iy4c . 11-1
Public Service Corp. of New Jersey—
6 %" preferred (monthly)
'150h - 10-15
6% .pfcL. (montldy)-:
'
;50o 4 11-15
Sound Power & Light—
,v
;y
.10*15
$5 .prior pfd.. (quar.)__
'$1.25
Purex Corporation, Ltd
10-15
>
$15c
II- 1
'Purity Flour Mills Ltd. pref. (quar.)___
$62 fan
'Quaker Oats Company, common—75c ; 10*10
11-30
6% preferred (quar.)—
:
—;
$1.50
11-25
?Quebec: Power 'Company'^uar^i;ti^^&^>>:!> •$25c:
Railroad Employees Corp., 80c pfd. (quar.)_
20c ; ; 10-19
10-25
Railway Equipment & Realty, com. (quar.)_
25c
10-25
6% 1st preferred (quar.)__
$1.50
10*10
Reading Company, 2nd preferred (quar.)—
• 50c
Common
11-14
(quar.)
>> 25c
Red Top Brewing, class A—
10-12
;12Vic
5
$20o
____
Name of Company
When
Per
Holders
-When
Per
-
Volume
Number 4531
164
Red Rock
THE COMMERCIAL & FINANCIAL CHRONICLE
■
Bottling Co. of Cleveland
Earnings and
—
Sales Increased—New Plant Under Construction-—
Safe Harbor Water Power Corp.—To Refund
•
added "one of the forthcoming projects now in the process of engi¬
neering is the installation of paper machine capacity at the Tacoma,
Wash., pulp mill, scheduled for completion in 1948."
♦
Bonds—;
The
corporation announces that it has decided to proceed with a
refunding of its $19,131,000 presently outstanding bonds bearing a
Five Months Ended August 31—
*
1946
1945
; 4Ms%^coupon. The
corporation will probably offer a new series of
Profit before depreciation and
$24,824
$14,967
bonds and serial notes of an aggregate amount equal to
approximately,
For the full fiscal year to March
31. 1946, the company reported a
the' amount of bonds now outstanding. It is expected that the new
net profit of $25,455 after all charges.
<
r.»
issue of bonds will be offered at competitive bidding and that the
Sales of this company in the current fiscal
year are running sub-v.v. new issue may be placed in registration about Oct. 25, 1946.—V. 164,
stantially>-ahead of sales in the fiscal year-ended March 31/1946^/
p.'$?2
Samuel Matasar,
President,- announced on Sept. 22,. During the five
months to Aug. 31,
1946, he said, the company, sold- 300,120 cases of,.;
;St. Louis-San Francisco Ry.—Equipment Trusts Of¬
soft drinks/un increase of
approximately 136% over the 126,647 cases*-1?
fered—Salomon Bros. & Hutzler, and Stroud & Co., Inc.,
distributed during the
corresponding months a year ago.
./Operations • will be expanded further with the
opening later this • -wonvaward Sept. 30 of $5,500,000 equipment trust Cer¬
•
1763
Under
•
Part
,
of-the
new
bottling plant under construction
in Cleveland, Ohio,
expected'to-be completed by Nov. 10
Mr. Matasar said.-* The
building is
with
bottling operations' to start
order
.on
with
Matasar
cases
a
v•
as
'
-
.
>
•
\ 4
'• V
:
••
r •/,'?
-44
/■'*'
...
.
company-Sept. 27 filed a letter of. notification with, the.*>SEC**'for 80,000 shares (25c
par) common, • 37,100 common stock purchase--^
warrants and shares subject to such
warrants, and 85,500 shares of
The, certificates
issued
integral
part
common,
one
to
sold
were
organizers
of
this
cent
Boston.
Bales
offices
Proceeds
and
which
be
may
considered
will
Total
used
for
machinery
and
Maint.
"!
equipment,
'Judge Byers of
District
of
New
the
Net
decision
Menihan
Rand,
patent
to
be
Judge
No.
valid
Byers
held
2,118,888,
and
to
have
claims
owned
and
10
by
11
Columbia
of
Lewis
and
special
meeting
\
Bal.
for Sept.
./',//■.
.
AM
i
Republic. Natural ~Gas. Co.,
27
has
been
Net
1
-
'
.
cellation
95,469
of
Articles
shares
of
I
Net
Incorporation, providing
the
The
shareholders
reelected
the
board
of
directors
which
The
directors
payable Oct. 25
cents
follows:
on
to
Net
on
April 25, 25 cents;
April 25, last.
and Oct. 25,
Richfield Oil Corp.
T»\,agreement Provides for
available on
a
has
the
to
into
16;
additional
an
164,
of
option
loans for
either
four-year
plan is elected,
tiie lour-yeai'
to
renew
the
a
loan
for
four
Richmond
(Va.)
Nov. 1—
*
Ry.
operating
Net
Holders of voting trust certificates lor
capital stock of this company
being urged by the State-Planters Bank &
Trust Co., Richmond,
Va., to surrender these certificates to .the bank
the shares erf capital stock
in
to which
agreement.
The
bank
also
redeem all of its
NOV. 1, 1946.
The
order
to
receive
Gross
Net
from
from
Net Ty.
railway
1944
$2,123,292
$2,522,699
686,135
973.037
railway
income
oper.
$3,019,300
1,440,168
Net
from
Net
ry.
—V.
-
income-
oper.
164,
1250.
p.
.?;
297,252
226,650
23,182,472
25,616,949
13,685,232
2,227,132
v
2,196,713.'
/
.
y
c°mPany Sept. 24 filed
shares of common.
a
letter
Offering,
will
be
used
for
corporate
of
notification
with
income
the SEC
pany,
from
to listing on
Sept. 20 was the $1.25 par,
in
exchange
for
the
"old"
dealings
In
at the opening, on the
exchange for each share of
from
Net
v
'
from
Net
ry.
railway
railway—
"new"
common
stock
$2.50 par common
basis of two shares
"old"
common.—V.
of
com-<:
of
"new"
164,
p.
common
Aug.
r'
as
President
and
Chief
,
;
$2,244,339
81,527
1,161,000
with
oper.
164,
p.
1945
$3,328,506,
-Earnings—
1944
v;
1943
$1,365,958
$1,229,714
17,455
479,828
538,973
107,305
*38,668
10,928,815
12,944,316
131,301
176,-455
/
3,112,841:
1,084,614
1250.
5,780,646
;1,548,380
13,328,977
6,486,049.
credited
~
-
$864,271
..u,
income—
♦Deficit.—V.
1946
11,085,402'
6,049,345
1,751,552 '-*,' '1,927,145
to
v
•;! :
St.
Bank
•:
Bank
of
Bank
t
)t<i
•
available
America
of
-
t
agreement
new
$75,000,000
>
<
Bankers
are:
is
Los
v
Trust
Co.j
Trust and Savings Association,
National. Bank & Trust Co. of
Bank
of
Chicago,
The
Chase
Angeles, Irving Trust
Co.,
New
f
National
City of New York, Mellon National Bank & Trust
The>- First National Bank of Bcston, Sceurity-First
of
i
being
-
National
Illinois
National
First
of
credits
-
|
Co.,
Na¬
First Wis«.;t
York;
Bank &
Commerce
;
,
Cleveland,
/
Trust
Co., St. Louis; The National City
National Bank, State Street Trust
Seattle-First
Commerce
Trust
Kansas
Co.,
City,
Mo.;
Fort...
The
National
Bank, The Indiana National Bank of Indianapolis,
Ilsley Bank, Milwaukee; Toledo Trust Co., and Liberty
National Bank & Trust Co., Louisville.—V. 164, p. 1331.
&
-Vc -'Vr
''y.
'
4
'
■■
'*'.
,
V.;'^>'
Scott Paper Co.—Mr. McCabe to Returnleave
on
Commissioner
Liquidation
Foreign
$9,855,359
1,467,346
*
*
,
$125,000,000
Bank Credit Agreement dated as of Sept. 30, v
and 41 banks, /naking available a total; {:
Continental
Cincinnati;
Co.,
Worth
269,321
311,190
a
money /
Co., Boston; Wachovia Bank & Trust Co.. Winston-Salem, N. C.; First .?
National Bank, Philadelphia; Farmers Deposit National Bank, Pitts-...
burgh; Whitney National Bank, New Orleans; First Natoinal Bank,
Atlanta; The Boatmen's National Bank of St. Louis, Central Trust
953,358
$5,620,558
for
York, American Trust Co., San Francisco; First National Bank in
Louis, Harris Trust & Savings Bank, Chicago; Manufacturers & V
Mercantile
695,167
250,328
it
Trust Co., Buffalo; Northwestern National Bank of Minneap-*
olis, First National Bank, Cincinnati; The Fifth Third Union Trust Co.,
Cincinnati; Citizens Fidelity Bank & Trust Co., Louisville; The Detroit
Bank, First National Bank of St. Paul, Marine Trust Co. of Buffalo,
$9,586,038
....
reimburse
Traders
14,765,629
$5,370,230
to
absence
of
since
McCabe,
expected
Thomas B.
15, 1945, is
April
who ha3
to return
this Fall to his duties as President of the company.
■;
r
/•:/-4
appointed Army-Navy Liquidation Commissioner in February,
McCabe became Foreign Liquidation Commissioner and a
^
Mr.
Special
to
Assistant
the
Secretary
of
State
late
last
year
when
his//
164. p. 1251.
2,749,693
.
Scudder, Stevens & Clark Fund, Inc.—Assets—
..
The
$601,515
$4,153,212
261,835
$7,105,666
38,759
$640,274
29,843
$4,415,047
$7,424,750
-
.
1946,
319,084
reports total
corporation
equal
to
that'date.
on
$106.79
This
per
net
share
compares
on
with
of $22,907,787 on Sept. 3,
the 214,504 shares outstanding
total' net assets of $21,924,509
assets
252,098;
.
$388,176
2,015,433
2,032,408
$2,399,614
v
h
on Sept. 4, 1945,
equivalent to $106.44 per share on the 205,970 shares
then outstanding.
1
L
4*- The directors of the fund have declared the usual quarterly dividend
.
252,142
$5,392,342
of
75
cents/per
/record Sept.
!4,
share,
payable
Sept.
1946,^-V. 164, p.< 322,
1946,
20,
;
(
stockholders
to
t
1
.
*'
V
of
; ^
;
^
Sears, Roebuck & Co.—August Sales Increased 93.7%]
-Approves Preferred Stock—
of
new
first
preferred
stock,
.
in
he
order to
$49,905,859
said.
and
"In
in
v
1945
sales
.same
exclusive of' $1,500,000
contingency
our
Net
reserve.
profit
The
are
income
company reports that the sales for
the highest record.—V. 164, p. 1126.
bonds
on
$
August
.
$
-
540,264.009
and seven months
■
the basis of 300 common shares for each $100 bond.
writer Light, Wofsey
&
organization of businses.
Sharon Steel
includes
earnings from St. Regis'
newly-acquired properties only from the date
of acquisition.
In 1947 we anticipate a*similar steady sales growth."
Each of the company's
divisions—printing, publication, and convert¬
ing paper; multiwall bag; kraft paper; kraft pulp; engineering .and
machine, and Panelyte plastics—shared in bringing about the rapid
increase in St. Regis' sales volume, Mr. Ferguson added.
/"'He said* that recent*<expansion projects at existing St. Regis plants
and
purchases of paper mills by the company were the inevitable
result of the steadily increasing demand for its wood cellulose
prod¬
ucts.
Giving emphasis-for" this continuing program, Mr. Ferguson
-1946—7 Mos.—1945
$
,
Seco Signal Corp., Baltimore, Md.—Files With SEC—
The company Sept. 23 filed a letter of notification with the SEC
for 120,000 shares ($1 par) common and $40,000 of 6%
bonds, due
one year from date cf issue.
Offering price, $100 & unit. The 320,000
shares of common will be given as & bonus to the purchasers of the
net sales were $52,500,000,
eight months of
period the net income was,
on
the sale of investments
net
1946—Month—1945
^ 140,946,297:/72,768,785 .869,115,149
'
for the first
8-month
Sales
The
par
.
help meet the rising demand for St.
this
Period End. Aug. 31,—
'
$
Sept. 18 approved changes in the company's
designed to increase'the authorized capital stock
on
income of $2,211,411.
were
Bank
the
of
Marshall
$912,705
$655,970
done
products,"
net
.
the 6ECJ ■-/
with
-
'■
The
New
President,'stated.'
./Regis'
.,v;,
consin
National
Bank.
Milwaukee; The Pennsylvania Company for
Insurances on Lives and Granting Annuities, Philadelphia; The Phila-..
delphia National Bank, The Commercial National Bank & Trust Co. of
$8,132,478 $26,000,192,
121,123
used
Corp.—Gets
participating in the
Pittsburgh;
1946—8 Mos.—1945
$880,689
be
issuers.
which ,inade
York;
1331.-
be
notification
;
Francisco;
tional
j
v
will
Distillers
1945,
1,
Banks
Ex¬
663,250
1,135,793
963,204
32.01G
proceeds
the
New
proposed
"This -will
to
San
$5,119,960 $30,116,899 $49,019,815
2,875,621
21,984,421
23,019,623
through the issue of 250,000 shares
is
of
functions were .transferred to the State Department.—V.
.
structure
letter
a
terminated.'
gross
stockholders
financial
14/-
188,505
income
oper.
FromJan.l—
from railway
Net from railway.*ry.
of
the
Bank
/value'$100-^
suspended
$1,121,027
Gross
Net
equities
:-i authorized
St. Louis Brownsville & Mexico
Ry.August—
Gross
the
V '-
1946
.
p.
27,659 4
announced oft Oct. 2.
Of this amounti
$79,475,000 is being borrowed for a period of nine years at an interest
rate of 2% per annum, and $45,525,000 is for a period of five
yeajrs
at 1%% per annum, with right of prepayment.
A Bank Credit dated
reorganization of the road.
167,150
—
164,
(
434,240 :•
•
;
filed
25
The consummation of
ry.
—
from
1,712,754
48,839
*382,830
*351,599
bank credit of $125,000,000, was
an
to issue in the first instance only a part of -the
issue, for the purpose of retirement of the outstanding pre¬
on Curb—
♦
ferred stock, to acquire- additional
properties, and to expand productha New York Curb
Exchange at tho opening'- ;<■ tion facilities" in'- certain- divisions of the company," R. K. Ferguson,
issued
common
of
1945,
Sti-Regis Paper Co
for
to stockholders at $50 a share.
facilities.
No underwriter
named/
'
■98.201
>
1946, between the corporation
affirmed"
*
retired
$403,828
Files
—
Russeks Fifth Avenue, Inc.—Listed
/ Admitted
of business
Louis
approval
and
Chicago,
■! $626,127
Deductions
"It
V
St.
rallwajroperating
4 The
3,000
at
Moore's
330,316
With SEC—
Proceeds
H.
$793,277
,
Manufacturing Co., Naugatuck, Conn.
102,520
*362,505
1250.
p.
Sept.
Schenley
'Credit—
operating
■
164,
company
advanced
29,619
from
_:,;24,527,.-|.
705,034
been
-
119,844
$40,000 4Mj% promissory notes of William S. and Mrs. St. Clair
Bowling." The notes will,be sold by the B.. F. Saul Co. for its own
1,455,681
for
$763,458
—
income
-V.
Risdon
The
for
■
81,600
2,703,262
10,655,103
4
103,242
315,518
,
£16,019
120,794
$287,403
54,443
Saul <B. F.) Co., Washington, D. C.—Files With SEC— *
$365,819
ih 205,428
/41,825-
the process of reorganization • for more
*
in
$1,181,871
Non-operating income-*.
24,766^476*
14,843,515
5,674,695
2,121,219
$363,643
,165,187
1,276,265
eliminate
2,712,567
income*
Net
17,848,159
,
♦Deficit.—V.
Ry.
operating .income
311,281
railway
railway——
1,854,194
account
1946—Month—1945
taxes
Gross income
from
1,822,137
*
1943
From Jan. 1—
Cross
1,759
2,095,455
from
2,830,920
-Aprivals
plan
would
1943
1944- v
$314,411
1943
accruals:
Total,
$3,081,745
1,836,862
&:f
1945
*35,746
261,202
of
<,
•?.'
RR.—Earnings—
1946
*23,596
2,766,106
George
expenses
tax
Deductions,
'
company
25,000
oper. income--^
First
company and the voting
Oct. 1
1946*—V
154.
the
owns
ry.
1,014,915
$3,894,438
operating income
Other railway operating
on
1945
v
\
;
Alabama
to
14,135
2,655,937
Court
-
-
31—
from
Valorem
Income
Richmond Fredericksburg & Potomac
RR*—Earnings
1946
•
Ry.
.
August—
plan
Other Federal taxes—
"
-
trust agreement between the
terminated at 12 o'clock noon
was
Circuit
Federal Income taxes-
is notifying certificate
holders that the comDany will
outstanding 15-year income 6% sinking fund "bonds on
P. 1703.
126476
139,249
operations
Ad
entitled under the voting
are
27,707
revenues
revenue
Railway
-
voting
trustees
y:
they
$362,222
29,725
1944
EARNINGS FOR AUGUST AND YEAR TO DATE
operating
-
trust
$330,734
- 70,380
has been
years.
Period End Aug.
iare
addition,
company
4 $210,360
-Earnings—
President Retires—
•
the
railway-—
Net from railway
Net ry. oper. Income—
"
States
company
eleven
f
From Jan. 1—
/
Daniel Upthegrove on Sept. 15
ecutive Officer of this company.
years.-^—V.
%' '
-
,
34,780
Gross
original note, dated April 1, 1934, amounted to $1,367,875,
maturing on or before March 31,
1946.
The unpaid balance was
$382,249 at the end of July.—V. 164, p. 1331.
Cedar Works—Voting Trust Expires
on
15,322,441
The
existing
j
$307,363
24,674,547
10,746,766
1945
t
registration statement with the
first preferred.
The terms of the
Net
69,649,425
23,698,752
1946
t
-
arrange-
a
par)
railway
from railway—___
P.
1250.
p.
Ry.
—To Redeem Income Bonds
76;509,862
11,598,591
The trustees for this road have filed, a petition In the IT. S. District
in St. Louis, Mo., asking
authority to pay the claim of the
Railroad Credit Corporation.
Hearing on the application will be held
Sept. 25.
- ? ■■
six-year period
the company has
another
78,017,893
24,837,884
Court
or
In
advances
as
stock
from
Gross
1,677,624
Seeks to Pay Note—
a
($100
August—
.2,220,349
as
revolving
shares
r
filed
27
San Antonio Uvalde & Gulf
3,690,060
5,327,108
income:'-^
oper.
164,
The
1872.
the
term
ry.
than
by Bank of America National
14.
p.
were
faoricating plant.
Regis also concluded managerial
St.
Sept.
on
dividends.
proceeds
common
preferred stockholders and leave $8,243,764 in creditors' claims
Capitalization
would
be
reduced
from
$105,946,995
to
$75,000,375, and annual fixed interest charges would be cut from
$3,159,045 to $1,513,731.
credit agreement entered
a
1,418,420
60,284,406
:
The- reorganization
with
modern
a
year
will apply $2,675,000 of
Pulp and Paper Co., of whose
shares. The balance of pro-*
ceeds will be used to restore working capital.—V.
164, p. 1250.
the
and
credit of $25,000,000 to be made
revolving basis extending to Aug. 16, 1948. The
corpora¬
right, on or before tnat date, to convert
1
'
1945
principal amount
1,330,596
26 Federal District Judge
Interstate Commerce Commission
share,
per
compares
Payments in
3,286,664
Aug.
(Calif.;—Receives Bank Loan—
The corporation has issued
$1,000,000
credit notes, due
Aug. 16, 1948, pursuant
with a group of 19 banks
headed
Trust & Savings Association.
tion
This
company
for 150,000
crued
unsatisfied.
40 cents.—V. 163, p.
into
commitments
cents
60
and
last
^
The?United
appointed
the
names
of underwriters and price will be filed by amend-s i,
Net proceeds will be used ,to redeem company's 5%
cumulative
prior preferred stocks and an unspecified amount will be advanced to ,i
Taggart Corp., a subsidiary, for redemption of its $2.50 cumulative t
preferred, Both securities are redeemable at $52.50 a share plus ac- t
St. Louis Southwestern Ry^—Court Affirms Plan—
.
Oct. 1 declared a dividend of
stockholders of record Oct. 15.
share paid
per
railway:
^
1943
2,848,363
1,074,218
railway
oper; income
(
the
as
ment.
$9,541,152
1,562,501
-
The
time.
to
Net
164/ p. -I33L:.>
—V.
Declares Larger Distribution to
Stockholders—
40
1944
«
new
a
offering,
ONLY
1945
$9,812,376 $10,089,526
GrosswLrom-railway
2,408,723
Net. from railwajr/iiirJ?^- 465,340
ctn^
floor space
SEC
-From Jan. 1—
following officers: W. H. Wildes, President; D. A.
Howard, Vice
President; T. K. Knox, Vice President; L. J.
Golden, Secretary-Treas¬
urer;
F. G. Miller, Assistant
Secretary; and Marvin T. York, Jr.,
Assistant Secretary.
^
,
COMPANY
$8,358,036
•
250,000 shares of
to be issued in series,
recent move
Registers With SEC—
$1,192,818 $10,941,557
August—.1'
'
\
Gross from railway—,—
Net. fronr.'*a4hM^-*.J—-i
Net ry; oper.'teConre:.—
of
the
$1,499,141
St.»Lotns*San FranciSCO & Texas Ry
o.
'•
for
$1,405,631
ChgS-
^
authorlzedPan
most
The
$1,225,495 $10,983,217
32,677
41,660
1946
from
from
•
a
•
17,913
from
Gross
-Dallas^; Texa»HReduces
>
$1,517,054
fromv railway.--.
Net ry.
capital stock in the company
treasury,
corresponding reduction in the authorized capital stock to
72S.45Z shares, the number
presently outstanding,
An insurance .retirement
plan for the employees, vof the
company*
to become effective «n
Jan. J, 1947, was approved.
and
fixed
which
of
of
Time, Inc., for operation of the Maine Seaboard Paper Co./ (•
Bucksport, Me., and the Hennepin Paper Co. of Little Falls, Minn.,- V!
and purchased the Watab Paper Co. of
Sartell, Minn., and the Nashua i
River Paper Co., of East
Pepperall, Mass. >
From Jan. 1—
^
Th» shareholders at theirs
annual meeting on Oct.
the
for
issue
rate
Within
$1,410,441
4,810
—
railway—.--—.
Net xy. oper- income---
adjourned
/ •;?
,,/%.://*/*
Capitalization—Offie^g Elected—
to
-
EARNINGS OF
stockholders will at that time act on a
proposal to eliminate
thr presently authorized (but not
issued) 72,000'shares of convertible
preferred.^tock; on authorizing 200,000 shares of preferred stock, $50v
flat*
vallio
onrl
ivi/tvnnoiMA.
'
vaIue- and on increasing the authorized common
stock from 2,000,000 shares to
2,500,000 shares.—See also V. 164, p. 1637.
amendment
Income
tho
authorized
ments with
1946—7 Mos.—1945
$7,123,539 $50,315,472 $48,057,209
1,475,649
827,584
10,722,830
41,405
397,911
260,387
50,736
AugustGross
The
^
income-
been
scheduled
Oct.
oper.
ry.
$6,772,544
1,359,706
expenses
Remington
Republic Aviation Corp.—Special
Meeting Adjourned
The
-
Deductions' trom Income"
and
infringed by Old Town.
The patent is for the master
copy sheet stated by the opinion to
be used
extensively in the hectograph duplicating art.
The product
sold by Old Town
under the name "Dupliform" was held
to be an
infringment.—V. 164, p. 13.
until
exp
oper/
Total
?
■
SYSTEM
1846—Month—1945
Other income
litigation between Columbia Ribbon &
Carbon
Manufacturing Co.,
Inc., nnd Remington Rand Inc., on the one.
side, and Old Town
Co., Inc., on the other.
the
struc.
equipment-
expenses—
Total
Ribbon & Carbon
By
&
way
of
Other
United States District Court for the Eastern!
entered a judgment on
Aug. 30 in a patent
.
York
of
Maint.
OF
contemplated1
stock,
by St. Regis in its continuing expansion pro-1 v
gram was acquisition of the Florida Pulp and Paper Company,
of
Pensacola.
At the same time, St. Regis obtained
an
equity in the
Alabama Pulp and Paper Company, adjacent to the Florida Pulp and «
Paper Company properties.
This marked St. Regis' entry into the
kraft pulp and paper industry in the South.
Previously the company
had undertaken a $5,000,0C0 expansion program at Its large ground- '
wood paper mill at Deferlet, New York.
This expansion is now Hear¬
ing competition. In Trenton, New Jersey, site of its Panelyte plastics
division, a $2,000,000 building program made possible the addition of
$8,574,026 $10,397,078 $54,653,147 $71,437,479
1,116,723
1,442,746
9,984,101
9,218,302.
1,508,872
1,836,102
11,965,449
12,274,073
3,524,852
3,287,201
24,076,179
22,722,127
622,097
557,490
4,289,743
3,842,707.
revenues
Transportation
working capital.
Remington Rand Inc.—Wins Patent Suit—
.
oper.
July 31—
•
the
1
more
EARNINGS
for
part
,;The
purchase
the
portion of
"•/
a
used
on this stock is expected to be lower than that on the
outstanding 5% cumulative prior preferred stock.
of the refinancing program, the- company previously had
called for redemption on Oct. 1 all of the outstanding 8% cumulative
second preferred stock.
'
•<
;
...
equipment.
®ew
Period End.
Offering price, $1.50 a
share
of
the" organizational shares which later,
each.
Underwriter, W. H. Bell & Co.,
be
price-lib?
aft
and
privately at 25 cents
Inc.,
cash
offering.
warrant
a
for
■
designed to finance
are
be
i
<
As
Mercantile Commerce Bank
were r
to
Sept. 18, the
to $72,027,070.
on
$47,027,070
cumulative
dividend
•
The
common
They
scheduled
Is
stockholders
from
presently
a
99.0511 for l%s.
:
.
the sale. "
the
preferred stock of $100 par value,
board of directors may determine from time
Trust Co., St. Louis, 99.15 for l%s; Chemical Bank &
Trust Co., 99.75 for lYss; and Halsey, Stuart & Co. Inc./'
•'
by
Increased
first
1, 1947-1956.
They offered a
1%% coupon.
The certificates were
not reoffered publicLy.:- Three other bids were received T
price of 9.93 for
funds
stockholders
The
r
tificates, maturing Oct.
Liquids-Carbonic- Corp:,is installed.V The plant,-Mr; ;
will ..give the-: company a capacity of 1,000,000.**-,,. at
compared with present*capacity of 600,000 cases.—V.164,/,
Regal Games, Inc., New York—Files With SEC—
.
:
machinery, ;'
modern
new,
continued,
year
p. 959.
soon'
as
these
of
be
will
138,814
.
year
proposals approved
capital
redemption of the 5%
cumulative prior preferred
shares are issued and outstanding.
,
.
the
authorized
1
•
•
"
Baltimore.. Proceeds
will, be
,
.
x.
I
Under-
used
-(
for
Corp.—Acquisition—
has completed plans for the acquisition of Bopp
Mich., it was announced on Sept. 23.
•
acquisition will be consummated through an exchange of securities between the two companies..
* 4 t
The
Steel
.
Co.,
t
corporation
v-
Corp. of Dearborn,
The
Through this transaction the Sharon Company will receive
a
finish-
plant which will consume approximately 60,000 tons of hot rolled
annually.
The plant of the Bopp corporation
is practically adjacent to that
of Sharon's wholly-owned subsidiary, the Detroit Seamless Steel Tubes
j
.
■*
ing
strip
i
U
•
-
M.
ration
the
of
business
of
cork
products, through the
Smith Inc., the business of
the
Smith
&
was
Net
___1
profit
Earns,
320,758 shs. outstanding—___
•
;
-;:V
a
...
In
1,068,980
24,107
17,014
192,125
204,046
General
23,366
22,105
265,365
261,583
surtax
27,500
23,200
323,281
277,300
prof, tax
accrls..
10,260
58,486
99,990
1.4~009
14,122
168,389
172,368
$55,295
1,648
$766,940
$656,696
7„,;. 8,661
7,836
$56,944
$775,602
$664,533
8,446
114,716
106,017
$48,497
$660,885
and
normal
Fed.
excess
Retirement
res.
:■;>''
—
income
Gross
,
■'
8,103
;•
'
;
dividends
Common
^ Declares
317,217
—
317,217
1945
$9,052,990
1,919,242
Reserve
Federal
for
taxes—-—.
;•
Earned
per
preferred
Earned
per
common
NOTE—1945
share
share_________:
earnings
contingencies.
are
7 '
;
'
$2,290
$0,153
■'•.;> $9,857
$1,356
and
assets
Current
:
.
and
Fixed
assets
Other
assets
customers
with
machines
Tools
__—i.
—
__
liabilities
Current
Long
—
debt
term
Total
—V. 163, p. 3291.
A hearing will be held
before U. S. District Court Judge John W. Clancy.
to $100
equivalent
date
$1,000 bond.
per
on
-rV. 163, p.
there
present
trustee's
The
outstanding
$2,509,500
due
were
that the
stated
all the capital stock of its
Giesche Spolka Akcyjna, which owns mining properties
and plants in former Polish Silesia, $6,930,110 in notes of the sub¬
sidiary and the entire outstanding $2,350,000 of 8%% sinking fund
mortgage bonds of Bergwerksgesellschaft Georg Von Giesche's Erben,
a
German corporation,
owning properties in former German Silesia,
In
addition
the
company
on
April 30,
1946 had cash and U. S.
assets of the company consist of
principal
subsidiary,
certificates..totaling $517,674.—'V. 156, p, 1334.
Treasury % %
Silverwood Dairies,
'7tial Class;A
initial
An
the
Dividend-^-" ■
dividend
outstanding
Per
^'77
:
stock,
■ v--
Supplementary Letters Patent
of
former
class
161,
stock
common
and
A
was
share
one
of
467.
p,
dated June 20, 1946, each share
reclassified into one share
B
stock,
without
par
value.
recently
class
„
(Philip A.), Inc., Newark, N. J.—Files With
Singer
SEC—
5
Sept.
company
27
$100,000 preferred
methods.
<
,
'1
;
-
,
,
minority
11
6 Months Ended June 30—
Consolidated income
Depletion
1945
*"
84,400
79,000
35,750
$282,493
'.
v
the
During
crude
p.
six
produced
platinum;
3144.
•
months ended June 30, 1946, the subsidiaries of
27,615 ounces of crude gold and 15,185 ounces of
both of these products require refining.—V.
163.
y-"7;;;7';:v;;V
■
Public
General
See
V;.?-
XT-i1'" :7?v-:7'
Stock, etc.—
Utilities
Corp.
above.—V.
164,
p.
869.
Period End. July 31—
Gross
revenue
Oper.
1946—Month—1945
$629,546
expenses
for
Prov.
.___
4,476,872
504,140
4,801,817
'
42,350
516,035
of
quisition adjusts.
General
$8,238,350
400,137
394,845
41,770
depreciation.
plant
ac-
Amortiz.
1S46—12 Mos.—1945 ;
15,850
99,733
)
taxes
-
exc.
15,850
190,200
111,004(
190,200
736,691
{
798,878
prof, txs.j
-
privately owned
Gross
Int.
and
Other
income
$77,347
long-term debt_
on
of
debt
$64,874
$1,149,011
$1,329,041
30,958
30,500
367,765
545,262
expenses
deductions
/
.
f. :-Cr400
>
^ 519
stock
common
now
offered
is
be outstanding
to
NOTE—On
.'i
11,695
'36,458
income
$47,247"
$33,396
$769,549
18.227,683
11,886,731
829,184
43,175
1,237,573
1,237,573
13,642,773
15,892,177
*
-
($1
stock
is sold,
stock offered
the
and
Securities
the
balance sheet
in
of
accounts of
consolidated
the
balance
sheet
at
upon
Period End. July 31—
Operating
oper.
Operating taxes
oper.
Operating
rev._
•
income
709,523
2,660,527
expenses
taxes_______
241,000
413,217
*2,076,242
operating Income
$259,633
$333,714
202,908
$2,431,070
1,876,093
Net
Net
income—
—V.
164, pp.
.182,990
and 596.
1126
of
quisition
:
1,002,484
$9,460,928
7,224,255
-
—
Period End.
6,930,543
16,969,682
1,077,457
10,438,269
2,366,909
2,615,464
11,866,353
14,927,890
3,486,177
3,915,948
21,192,167
30,058,200
Net
rev.
cility rents,
:
,
Net
)
7,200
86,400
Other
635,494
1,179,278
622,154
2,001.921
$1,637,994
252,450
$1,335,788
252,450
debt
201,049 j
144,650
{
$102,903
$130,187
21,037
21,037
11,714
505,580
contingent
4,683,369
25,866,743
33,807,058
1.952,585
14,102,796
13,651,076
405
564
1,081
20,154,900
.
,;*■
charges.
chrgs.
S.
of
34,116,638
309,580;
for
charges
fixed
income
26,372,323'
1,866,231
deductions
available
fixed
5,180,155
7T4,695,084
4,707,293
h
Total
4,058,439
i; 779,136
4,756,544
49,251
1,270,366
income
Total miscell.
P.
Transport. System.
loss of solely con¬
2,730,379
11,763,382
''£ :V 108,074
1,581,480
174,805
2,841,061
1,223.638
♦Net
affiliated
trolled
adjustment,
tConsol.
JConsol.
cos.
25,232
Cr
174,805
■
76,000
adjustment, Dr
147
147
1,875
20,558
1,772
1,772
938
Consol,
$108,064
_'_^_
34,358
pfd. stock
$79,842
$1,363,213
income
of
ceived
from
paying
412,296
412,296
$486,490
2,990,634
3,013,259
of
S.
S.
S.
P.
Transportation System.
controlled affiliated
Transportation System,
solely
P.
:
1,266,891
1,254,338
124,000.'
...
22,552,130
11,329,541
tRepresenting interest on
companies not credited to
tRepresenting dividends re- !
companies included in net
charged against surplus by
•
companies.
j
Freight Car Deliveries—
More, than
$1,075,135
34,358
:
income—
P. R. R. Co. of Mexico.
certain bonds of solely controlled affiliated
6,430
.
net
♦Excluding
income
disct.
expense
income
inc.
income
Total
86,400
prof, txs.j
income
of
net___
railway oper.
ac¬
adjusts.
exc.
57,308
252,684
7,200
plant
1946—12 Mos.—1945
$7 038 627
3,221,901
670,461
60,029
33,784,869 118,806,110
726,348
73,820,020
from ry. oper.
Railway tax accrualsEquipment and joint fa¬
Net
$7,437,286
3,196,164
701,954
$621,145
268,303
long-term debt.
on
-
separately operated solely controlled - affiliated companies)
July 31—
1946—Month—1045
1946—7 Mos.—1945
^•\j.;:-;-.$
$
Railway oper. revenues
43,125,803 . 62,089,810 279,926,070 366,158,157
Railway oper. expenses
36,195,260
36,020,128 246,141,201 247,352,048
;
Electric Co.—Earnings—
1946—Month—1945
$610,372
taxes
Fed. inc. &
Net
'
■
3,572,404!
$2,140,657
1,443,385
Transportation System—Earnings—*
Southern ; Pacific
Total
depreciation
Amortiz.
and
$2,720,782 $21,192,182 $18,642,027
1,973,851
16,684,870
12,928,966
$3,161,160
revenues..
Operating
Co.—Earnings—
$8,180,695
6,176,821
$1,325,242
$1,070,204
I
Operating expenses
Amortiz.
1946—7 Mos.—1945
$2,732,782 $21,215,938 $18,726,027
12,000
23,756
84,000
$3,165,152
3,992
(Incl.
869.
p.
revenue
on
-if
Co.—Earnings—
*
$12,890,184 $11,660,175 $88,945,999 $80,926,160
11,322,322
7,811,800 72,095,701
52,981,603
497,658
2,523,133
8,669,603
18,483,629
—
w—
operating
Gross
the consolidated
1946—7 Mos.—1945
1946—Month—1945
rev._
income
for
their operations
Operating
'
Income
Prov.
1946,
1946—Month—1945
revenues^.
Uncollectible
the
$12,913,417 $11,680,119 $89,098,690 $81,066,167
23,233
19,944
152,691
140,007
revenues
Operating revenues
Operating expenses.
Net
30,
Southern New England Telephone
the company will receive
Southern Bell Telephone & Telegraph
Operating
—V. 164,
June
be
Period End. July 31—
;;
a group of banks
Simultaneously, the com¬
sold to
company
its notes.
(being prior to acquisition) have not been included in
statement of tacome^r-V,^l64,:p. 323.
~
j
* L
Authorized Outstanding
100,000 shs.
40,000shs..
par)
all
the
1946,
amount
of $2,480,546.
These transactions were approved by
Exchange Commission on June 25, 1946.
While the
the latter two companies have been included^:
consideration
total
of
will
28,
gate principal amount of $1,540,000. The company also purchased from
its parent, Federal Water & Gas .Corporation, all of the outstanding
common stocks of Mississippi Gas Co. and Chattanooga Gas Co.
for a
12,894% shares of common stock a total of $290,126.
used for development, increase in inventory parts,
working capital, etc.
*
^ V
sale
June
principal
called for redemption on July 29, 1946 its first mortgage pipe¬
line sinking fund bonds outstanding in the principal amount of $12,998,000 and retired its 2%% serial notes and 1%% notes in the aggre- •
follows:
as
;
,
the
Divs.
Net
amortization.
and amortization, etc._
process of
of construction
in aid
pany
260,829
—
167,158
$65,144,755 $85,829,312'
$22,500,000
planesj owned by Southern Airways, and
capitalization
Other deductions
disct.
78,404
98,440
21,463
aircraft.
725,729
675,528
3,222,654 *
3,891
•
Capital surplus
Earned surplus
a
approximately 50
on
of
-
Int.
Amortiz.
debt in
on
703,617
.
2,246^087
__________
Contributions
:
t
'
Fed. inc. &
deposits and accrued interest
Reserve for depreciation
Southern
reorganization was approved by five of the
companies. Under the reorganization, Southern Airways Co. acquired
all of the stock of four of the other Southern Airways corporations,
which then- became wholly owned subsidiaries.
The parent company,
as well as the subsidiaries, engages in airport service operations.
When
it becomes practicable to do so, the parent company will take over
the operations of the subsidiaries and they will be dissolved.
■Southern Airways operations presently include wholesale and retail
sales of aircraft and aircraft accessories, servicing of aircraft, engine
and
aircraft
overhaul,
charter flights,
flight instruction, aircraft
rental, modification and conversion of airline and executive trans¬
ports.
The various bases are performing routine maintenance and
December," 1945,
General
____
-13,800,000
/ 9,000,000
1,268,210
9,000,000
613,696
.
—
taxes
Premium
corporation, with its four wholly
Inc.,
(S. C.), Southern Air¬
■
Southern Indiana Gas &
$7,855,794
1,722,846
6,632,000
*
Accrued interest'
Other accrued liabilities-^..^.:
Airways,
management.
Gross
$634,216
13,500,000
Total
to 1929, when one of its subsidiaries,
Period End. July 31—
South Carolina Power Co.—Earnings—
«2,380,275
L."—;
'
notes
Accrued
one
Company dates back
Net
South Carolina Electric & Gas Co.—Reclassification of ;
-V;v yi) lv
" V
12,380,275
mortgage
Customers'
Birmingham, Ala.V is
„
55,458
:
stock
common
on
'.Accounts payable
These securities are offered
Delaware
a
•
company
1945
$224,303
•
$0.78
South.
Uncollectible
profit for the period
Consolidated net
127,816
514,016
$10,569,091 $10,569,091
($7.50 par value)________
stock
serial notes—
2ff7o
1946
1,211,204
$65,144,755 $85,829,312
fY/' *'■'
$62,019
;—
—
S., income taxes.
*—_____
merchandise
Capital stock of sub. co. held by public.
First
.
PURPOSE—If
84,988
36,100
51,600
and accrued int._
receivable—less reserves
Premium
2%
$946,691
$4.02
-
dividends.
7,600,434
1,362,510
1,389,082
6,366,112.
290,242
i 996,912
—-
Common
$270,457
Provision for Colombian income taxes
Provision for U.
'
special funds_____^
LIABILITIES—
Airways, Inc., was organized at Augusta, Ga.
The present manage¬
ment bought control
of this company in 1936, and since that date,
the entire group of Southern Airways companies has been under the
from
89,738
35,900
and
Consolla.
Company
'' 'i2
$47,112,269 $73,367,922
190,270
9,540,260
systems,
■V/'r Total;^
(Ala.), Southern Airv/ays, Inc., (Ga.), Southern Airways,
of the largest aircraft sales and service organizations
Company employs approximately 200 persons and has
airport service operations at the seven cities.
It also has a contract
to operate at Jacksonville (Fla.) Municipal Airport and at the DeKalb
County Airport near Atlanta, Ga.
It is expected that operations at
these two locations will begin within 90 days.
the
Proceeds
1945
________
AT JUNE 30, 1946
*<
-
-
,
593,033
22,168
—162,467
Capitaj stock expense__—„_^_—;—• •'•' 61,292
agent—First National Bank of Birmingham.
(S. C.)—is
in
Common
$571,531
—
Depreciation
.
Prepaid taxes, insurance, etc
Deferred charges
Inc.,
ways,
Issue
"
interest)
,}
Federal Power
of
"
CONDENSED BALANCE SHEET3
Materials, supplies and
SIX MONTHS
RESULTS FOR FIRST
CAPITALIZATION—The
*
,
"
order
to
pursuant
lines,
Accounts
:
;
subsidiaries—Southern
numerous
South American Gold & Platinum Co.—Earnings—
(Excluding
.
tax.
HISTORY—Company,
owned
,
„
,
surplus
.
service
filed a letter of notification with the SEC
stock (none to be issued at present time) and
10,000 shares (no par) common, Price of common, $10 per share. Of
the common 4,000 shares are to be issued
to Harry J. Singer for
exclusive use, etc., and care of secret formula, processes and working
The
for
'--'
Investments
319.
Transfer
In
per share was recently declared on
payable Oct. 1 to holders of record
\
,
been
earned
to
U. S. Treas. securities, at cost
,
(par $1) at $22.50 per share.
as a speculation.
J
same
cents
30
A
:
<rf
—V.
of
class
31.
-Aug.
Canada—Ini-7 ^:'A7 -7;;f7/'.-77.'
Ltd., London, Ont.,
1,937,561
Cash"
"
of
$5,234,272
759,615
;
•
common
offering to the public 12,894 V2 shares of common stock
that
amount
principal
stockholders
and
creditors
to
report
1,
Aug.
the
over
with offices at 52T Comer Building,
1941.
are
which
bonds
on
Southern Airways Co.—Stock Offered—The company,,
■
At
these
,
$3,935,052
1,761,405
$3,910,948
compressors,, distribution
land, leases and equipment, etc.__
J
dividend
Earnings per present common share__x
Oct. 9, 1946 will ask the Federal
Court for an order directing a partial distribution of the funds to the
holders
of
7%
collateral trust sinking fund bonds in an amount
$4,860,031
924,979
<
This is the equivalent of a dividend
Sept. 25.
•
this corporation on
trustee of
The
stock
100%
credit
a
ASSETS—
of. the comnibh stock
...
share,
■
7
958,250
1,480,521
$4,474,657
1,937,561
12 months to June 30, 1945 (company and
retroactively adjusted to eliminate $1,601,177
in excess of service life depreciation reversed
amortization
special
W-
practicale after Sept. 25 to stock of record
common stock outstanding
as
Net income before preferred
Corp.4—Plans Partial Payment on
Silesian-American
502,572
1,761,405
Commission dated March 30, 1946.
.
.
Bonds—'*:■
a
has
consolidated)
This action will increase the
the excess profits
$9,344,138
' *
'
$7,970,331
—
$4,413,5^0
• "
$3,614,867
for the
incohie
"•Net
•
of 40 cents per
stock or an annual dividend rate of $1.60
the $1 annual rate which has been
*,
Increased dividends liberality is made possible by the sharp increase
in earnings thus far this year, which has been aided by elimination of
<
;
$4,140,270
$4,378,565
$5,002,704
-273,250.
481,466 ;■;• 231,568
466,619
$4,094,823
" 479,956
!____
deducts..^
com." stock__—.
on
Pipe
-
.
voted
a 60% increase
in effect since early 1941. '
172,500 7 ,172.500
5,185,3777 * 5,153,079
Reserves
Capital stock and surplus
of. the voting trust holding 6 J %
date.
record
82,500
1,012,108
77,000
1,105,175
tools and machines—
deposits for
Customers'
7v;
:
Other
&
575,217
1,205,401
$3,628,204
income
Balance of net income
share on the present common
$2,923,951
-$1,430,279
-
—
_
•
1,443,627
.v:'
earnings
Divs.
shares.
.
„
.
On the newly constituted common stock, ^the directors have declared
cash dividend of 20 cents per share, payable Oct. 10 to holders of
a
I
'• '
Gross income
Int.
.
from 221,894 to 443,788
^AU;cf§
'Kr.v.
LIABILITIES—
"
Co.,
Paper
&
;
payable as soon
stock,
of that
$9,344,138
$7,970,331
;
Inc.—Voting
Be Ended—To Pay 100 % In Stock and Increased
Advance -Bag
directors- have
The
per
Total
Net
Other
cents each were made during 1945^--V. 163,
expire on Jan. 1, next.
SHEET
Jun 30, '46 Dec. 31, '45
$4,151,285 $5,789,035
743,998
706,734
1,643,355
1,449,138
1,431,6931,399,231
.
1
| of this corporation have, voted to dissolve the trust which was due to
BALANCE
'
*
::
i
277,713
553,493
722,192
1,585,862
1,023,282
1,668,450
1,104,060 '•
1,098,377
?
539,201
1,283,053
3,489,037
2,889,866
4,169,680
3,788,689 /
428,517
460,975
Tax., oth. than inc. tax.
Fed. & State inc. taxes
of
The trustees
provision for renegotiation
■> 17:'.7 ' 77.7" J.
.
1 ' *
COMPARATIVE
CONDENSED
ASSETS—
„
699,369
Depr., depl. & amortiz._
2999.
$532,338
___—._
I
229,197
666,405
Maintenance
Present Com¬
/
|
'
*'
'
„
on
$18,036,089
devel.
and
Company & Subs.
1946
•
*1945-
:
*1945
1946
$13,440,956 $13,057,301
3,648,999
3,795,438
1,725,640
•
1,969,303
revenue
purchased
Explor.
Jan. 7, 10 cents* extra; March l and June 1, quarterly of
each; and Sept. 1, 50 cents quarterly and $1 extra.
Four
V;^rust to
1,386,904
before
Gas
make such ^action,
should
60 Cents
on
'
Cash Dividend—
.
.
,
common
Southern
78,115
—
'
i
Operation
as
$123,702
.
Earnings
Co.—Weekly Output—■
Company Only
directors
cents
40
p.
-
events
.
regular payments of 35
Signode Steel Strapping Co.—Earnings—
6 Months Ended June 30—
.•
' j'
1946
Sales and operating revenues
—____—
$3,974,570
Earnings, before Federal taxes
—•—201,815
$10,142
$42,397
Natural Gas Co.—Earnings—
12 Mos. End. June 30—
Operating
follows:
as
♦$1,420
output of
Southern
on'Sept. 16 declared a dividend of 60 cents per share
stock, par $5, now outstanding, payable Dec. 2 to
holders of record Nov. 14.
Payments previously made this year were
%:
—V. 164, p. 596.
r
Cash Dividend
Stock—
the
"$1,782
164, p. 596,
and 1251.
1452
a
intervening
The
-V.
A.-.;
this company for the week ended Sept. 28, 3946,
totaled 2,303,000 kwh., as compared with 2,099,000 kwh. for the cor¬
responding week last year, an increase of 9.7%.—V. 164, pp. 1638,
of the directors to declare such stock dividend
on
62,939120,103
Southern Colorado Power
obligation on the part
210,000
119,680
•
.
Deficit.-
Electric
Proposes In¬
—
if, in their opinion,
inadvisable. "
$558,516
,
210,000
dividends
Preferred
r
divs..
$3,263,504
1,121,974
i
;807,742
1,342,648
1,323,648
755,111
Oct.
on
upon
mon
$56,895
income
Net
2,796 Uf
$64,999
_~
deductions
Income
V
$62,202
Unility oper. incomeOther income (net)
Lines, Inc.
called a special meeting of stockholders
30, 1946 for the purpose of considering and taking
proposal to increase the authorized capitalization of,,
the company from 1,000,000 shares of common stock of $5 par value
per share to 2,000,000 shares of common stock of $5 per share par
value.
\
-v
•.
v"" :\
The
directors
also approved a proposal for the issue of 542,818
shares of additional stock to the holders of the now outstanding com¬
mon
stock as a 100%
stock dividend, subject to the authorization of
additional stock by the stockholders and to the approval of the Inter¬
state Commerce Commission, the time and manner of the issuance of
such stock dividend to be hereafter determined by the board with no
$2,740,964
$2,954,254
1,179,667
82,050
Maintenance
Federal
,
Capitalization and Payment of 100% Stock Div.
held
action
$224,049
114 267
taxes
cash.—V, 162, p. 609.
,
147,087
■;
Surplus
<■
and
deprec.
$3,445,992
1,305,836
! $289,069
V-'.v 107,447
$325,475
60,484
Int.,
The board of directors have
be
1946—Month—1945
Taxes
each
in
crease
1946—12 Mos.—1945
$265,453
revenues
:■''7^7--v.\"-^
the company this year paid the
Jan.*3, 'an extra 'cf 30 cents; Feb. 28, 45
29, 37% cents each in
Ltd.—Earnings—
1946—11 Mos.—1945
Southern Canada Power Co.
a
distribution,
dividends:
Southeastern Greyhound
,
Co.—Earnings-
1946—Month—1945
Period End. July 31—
Operating
Operation
(-
29, G2y2 cents; and Aug. 30, $1.
:*
the following payments were made: Feb. 28 and May 31,
in cash;
July 25, 50% in stock; and Aug.'., 31 and
May
1945,
Nov.
...
stock
this
cash
cents
50
to
Sierra Pacific Power
to
cents;
— $29,520
$ 0.09"
•>• K-t S'-J'-y
——
———-—-—
share on
per
163, p. 2588.
'
-•
MONTHS ENDED JUNE 30, 1946.
CONSOLIDATED RESULTS FOR SIX
—V.
" ''
•' "V
\
"77;';V^'77:'7--
.
Prior
following
operations in 1925. In 1939 they built and equipped a modern
Va„ and at this plant direct shipments of raw cork
received from Portugal and the Mediterranean areas.
Ralph P.
its President and General Manager.
f/l t "Z-
Period End. Aug. 31—
stock distribution of 66%%-,
of. capital stpck to holders of
.Gross earnings
This increased the outstanding stock to 300,000
Oper. and maint.c_!^-_'
i946.
15,
Aug.
shares.
plant at Norfolk,
are
,><
.
Sept. 16 made
180,000 shares
on
outstanding
record
Detroit
Champney will continue as
company
the
on
Corp.
their
Division of Sheller Manufacturing
incorporated in
1913 and opened
of Mitchell & Smith
name
Mitchell
The
.'
with this corpo¬
manufacturer of
acquisition of the assets of Mitchell &
which will hereafter be conducted under
announces the merger'
Mitchell & Smith Inc.j'
President,
Burgess.
/
u.\;
South Bend Lathe Works—Stock Distribution—
Corp.—Consolidation—* *- - *
Sheller Manufacturing
M.
"
,
1946
Monday, October 7,
THE COMMERCIAL & FINANCIAL CHRONICLE
1764
1,700 new freight cars
-■
were
i■
.
.
'
'
■
''
Preferred dividends
—v.
164, p. 428.
v-'-V
71432
4-"v
/-
Balance
—V.
t
$73,706 '
$45,484
v
$950,917'
$662,839
during the war, it was pointed out, and since
164, p. 428.
-V.n.
>
delivered to this company in
August, an important boost toward relieving the nationwide car short¬
age: A. T. Mercler, President,: reported on Sept.-13.
• •
- ,
Virtually all rait car construction was banned by the government ^
V-J Day building of new
•"••• r-x
XixT
THE COMMERCIAL & FINANCIAL CHRONICLE
'■-■■
Number 4531
[Volume 164
The
equipment has been further delayed by material shortages and recon¬
version difficulties of manufacturers.
•
X-XXX
Deliveries of new freight cars
to Southern Pacific in. August were
"the heaviest to date, comparing with only 425 new cars delivered in
July, Mr. Mercier said.
Prior to July the railroad had received only*'
the
of
150
earlier.
X
than
more
refrigerator
new
new
ordered
a
year
or
Period End. July 31—
pur¬
freight service, including 5,000
Co., of which Southern
'• ~XX>: <•/are scheduled to be in service
for
cars
'-.X,
,
Mr. Mercier said,
year,
substantial
in
deliveries of
and
quantities early
Operating
oper.
15,361,*91
rev.
Operating revenues.^
Operating
expenses
Operating taxes
164,
The
ICC
Railway—Equipment Trust Certificates—*
164,
1331.
p.
-•'STATEMENT
Net
>
Net
Sept, 11 authorized the company to assume obligation
liability in respect of not exceeding $7,880,000 series LL, 1%%
equipment trust certificates, to be issued by the Chase National
Bank, New York, as trustee, and sold at 99.611 and accrued dividends,
on
15,338,828
connection
The
with
of
report
the
the
procurement
Commission
of
part:
i
164,
Total
! \" 1946—7 Mos.—1945 /
1946—7 Mos.-
,
Corp.,
Gross
applicant invited 168 investment houses, banks and insurance
companies to bid for the purchase of the certificates, the bidders being
required to name the rate of dividends to be borne thereby in mul¬
of
Va
3,094,323
14,457,554
25,147,664
1,595,311
1,388,322
1,641,234
1,370,990
ry.
accepted. On this basis, the average annual cost
the applicant will be approximately 1.69%*
was
Plans New
Equipment Financing—
•
Gross
Net
^
Week Ended Sep. 21
1946
V*X:'"X
Gross
'
earnings
Gross
1
1946"
1945
1046
A- Vv'-'-X.*'- XXXxX''"'.
";x'X x''f v;!
from
Net
from
Net
ry.
*
•
See
$ Hi
Net
from
'
140,687,651 174,875,512
railway.——
26,058,894
10,982,430
income
Oper.
been
whole
319,135
292,273
657,732
722,660
1944
?
$2,139,399
173,933,473 161,932,918
1,061,489
490,461'
70,791,105
22,166,270
66,505,556
20,343,415
corporation
76,899,909
23,714,830
August—
stockholders of this
the
on
Union
18,831,801
12,020,056
Net
15,663,853
16,720,803
1,302,889
6,439,962
5,285,093
The
record Sept.
company of
14, J 946,
2,935,562
2,565,886
4,182,900
recent
basis
of
such
one
stock
common
share
owned.
1
No
for
each
shares
four
fractional
shares
of
will
unissued
are
stock of
common
the
Barker. Dome
to
Union
Southern
the
of
Barker. Dome company, for its
90.000
shares,
general business purposes,
its oil and gas leasehold
The Barker Dome company
3946.
was
'.
•
Total
—
520
__
X\Xt X-VX
J
■
r::XX
:■
MV
—«.
■■
airplane
-
which
lamps
>
.■*
* *
,
1945
-
■
railway—
ojper, income—*
1—•
*
1944
$530,232
-172,633
84,488
240,714
97,067
,
201,436
142,138
X^X':.'
2,286.281
136,630
3,809,727
1,463,296
*306,871
'
•
$408,122
1
/
'
1943
' $443,019
$340,091
64,217
3,217
695,043
3,644,112
1,658,588
852,594
'
2,777.775
1,260,991
787,222
x
the
of stockholders called to
certificate
of
incorporation
to
facilitate
recommendation
of
the
board
16,
the
that
on
More
the
more
total sales of
than
of the new preferred
be granted the
rate of
little
$4,980,715
shares of
Company will
\:\-V
■
' :
Plata County, Colorado,
of $286,805, this being the value
placed on this
by Melvin M. Garrett, Petroleum Engineer and Geologist.
The original cost of said deep rights to affiliated predecessor owners
•depends upon an allocation of the aggregate original cost as between
;ihe deep rights transferred by the subleases and the
remaining rights
under the original oil and gas leases, the aggregate
acquisition cost of
consideration
,
use
Gas
—
for
Approp.
State
,
:
•
•'.
'i
1946—7 Mos.—1945
Fed.
^
x
_
•
income
$229,562
$1,773,393
$1,563,266
The
,
700
4,100
4,900
for
34,319
$1,769,293
1,236,748
$1,558,366
39,386
183,787,
219,202
164,
:
—
.
$48,002,
30,353
.
$313,343
13,269
186,233
$
$
*
93,081,788
93,868,691
22,111,064
22,484,785
2,526,911
2,351,683
7,782,022.
7,136,764
6,768,644
4,026,481
13,527,685
13,444,051
520,954
3,227,192
1,141,493
1,126,529
8,244,402
6,495,897
4,256,855
544,918
taxes
4,876,694
3,928,845
8,554,013
7,690,777
$211,838
:■
7,891,132
17,162,566
6,351,836
17,215,565
7,357,214
29,860,462
13,196,282
Oper.
Net
revenues
rev.
oper.
$903,596
---'-a
10,810,730
9,858,351
16,664,180
deducts
535,820
income!
4,006,632
8,036,357.
8,029,850
Income
$4,018,525
Bal. applic.
189
Cr2,741
131,720
stks.
$367,822
$361,021
pfd.
stock.
Other
income
directors
stock
$4,015,784
2,248,046
$1,767,738
243,597
$1,577,797
$1,524,140
from
of the
on
six
a
company
-X
capitalization
of
^
•'
,
.
&
.
„
'-x
■•
.
•
;■
•
income
(
of
Stokely-.Van. Camp} Inc.—Declares 5% in. Stock and
25 Cents in Cash
The
directors
on
.8,*786,433
212,775
Jan. 1, 1947, to holders of
The previous distribution
354,000
on
on
per
cos.
105,461
106,505
210,921
other
cos.
X:"X89,712
177,000
267,925
444 ;
Total
XX 6.397
6,573,519
Gas
Co.:
&
;
.
f 7,183
X;
6,003,681
8,688,660
142,884
381,097
95,915
123,183
24,391
50,023
36,000
71,500
9,360,146
of
Elec.
the fiscal
92Va. cents per
both payable Nov
1
184,785
expenses
'
;XX"
service
Taxes
(other than
Federal
income
•
inc.)
tax^
77,420
20,835
.».•
v
*
••*-%
.*/«>.
Consdl.
Gas
^
♦
and
of
Elec.
.
•
■
J
net income-
chgs.
•V
27,500
'
Income
■
>
>
302,199
136,870
'
56,950
,,r.,
89v000
6,262,979 " ■5,704,491
8,062,857
8,775,127
1,337,625
1,825,084
3,174,191
3,660,030
X 4,925,354
3,879,407
4,888,666
5,115,097
Stand.
Co
to
Consol. net income
5%
stock dividend
on
the
com¬
the
directors
common
share
on
declared
also
stock
the 5%
and
a
cash
dividend
of
25
cents
per
-
share
the
regular quarterly dividend of 25 cents
cumulative prior preference stock, both payable
record Dec. 20,
on
the
common
;XXXXX£XX-4X
1946.
stock
was
10%
in
stock,
Sept. 20, 1945, the same as paid on Sept. 20, 1944.
6.938
*
Legal
a
-
The
Stand.
taxes
declared
8,202,631
from
and
Common Stock—
payable in common stock on Nov. 20, 1946, (or as soon
thereafter as registration under the Securities Act of 1934 becomes
effective) to holders of record Oct. 31.
"
5,713,779
assoc.
Expenses
on
Oct. 2
stock,
6,377,902
of
.
Contractors),
Sept. 25 increased the membership of the board
,142,134
Corp., fiscal and admin.
year beginning Sept. 1, 1946, and represents an increase of
five cents
over,previous, regular quarterly dividends of 45 cents.'
/< «,>
..>
,v
•t. The
directors also declared regular quarterly dividends of
$1.03%
per share on the 4.15% cumulative preferred stock and
have
to
425,192
Misc. interest-——--.
314,157
directors on Sept. 25 declared a regular
quarterly dividend
50 cents per share on the common
stock, payable Dec. 1 to holders
Nov. 15.
This dividend is for the first
quarter of
on the 3.70%
cumulative preferred stock,
holders of record Oct. 16..
will
board
137,940
from
$1,263,639
2,817,140
i The
share
company
>
411,395
Divs.
$4,394,937
Common Dividend Increased—
record
,
seven
with the election of George Olmsted,
of the Hawkeye Casualty Co. and well known
figure in Iowa Insurance circles,
X<i
v
;X;
'
Other, members of the board are Alexander B. Cromer, Joseph M.
Cunningham, M. E. Kalette, Leon Kirchenbaum,; Henry G.;,„Omstad
and Romeo Muller,'
1
••
•
,1
> J- *,
> X\
'
mon
Elec. Co.:
Gas &
Stand.
common
this
Aug.. 26 approved the merger of
companies, mostly southern.
•
ANNUAL
1
,
...
.
Divs.
cumulative
to
of
Balance
$4,263,216
46
Net Income
cap.
subsidiary cos.——
deductions
divs.
Mos.—1945
$360,831
income
Accrued
on
by public-.
Minority int. in undis¬
tributed net income...
$932,001 $10,088,663 $10,523,304
571,169
6,070,138
6,260,087
X $367,775
Other income
X Gross
on
-.
-
16,958,417
4,021,433
Balance.
held
Co.—Earnings—
1946^-12
•
consolidated
(James) Stewart Corp. (Engineers
Chicago—Directorate Increased—
31,401,423
14,443,006
income——
appointed registrar
Victor-Monaghan CoV, Watts
Mills- and Wallace Mfg.
(see details in V.
164,
^
of
Income deductions---^.—
Dividends
Operating
17,374,472
been
capital stock.
102,685
■
Period End. July 31— «V' 1946—Month—1945
of
-
201,000.
Dr2U,906
1126.
p.
Southwestern Public Service
(par $15)
textile mill
proposed
The stockholders
201,000
f
_
manufac-
New Directors Elected—
322,410
'$31,169
the
J. P. Stevens, Jr., President, on Sept, 27 announced that the fol¬
lowing have been elected directors of the company: S. M. Beattie and
W. H. Beattie of Greenville* S. C.; W. C. Bennett, New York, N. Y.;
Henry Black, North Andover, Mass.; H. C. Carter and W. J. Carter,
of Greensboro, N. C.; N. A. Cocke, Charlotte, N,
C.; M. C. Edwards,
White Plains, N. Y.; R. G. Emery, Greenville, S. C.; T. W. Estes and
.; William Fraser
of New York, N. Y.; A. G. Furman, Greenville, S. C.;
X Robert; Gage- Chester, S. : C.; W. J, Gallon, Plandome, N. Y.; R. EU!
Henry, Greenville, S. C.; LeRoy T. Markert, North Andover, Mass.;
J. E. Sirrine, Greenville, S. .C.; H. N,: Slater, New York,; N. Y.; Abbot
Stevens, North Andover, Mass.; John P. Stevens, Jr., Plainfield, N. J.;
Robert T. Stevens, Plainfield, N. J.; J. H. Sutherland, New Rochelle,
N. Y., and G. N. Tower, Princeton, N, J.—V. 164, P.'870.
;
17,541,444/ 30,313,962 32,034,225
Dr325,879 • Dr453,50Q ;' Dr632,802
1,024,118
in
year
Piedmont Mfg. Co., Republic Cotton
Inc. have also approved the merger
p. 597).
3,461,266
4,003,030
Net oper. income—.
Other income (net)-.—.
Gross
income—1—
oper,
income
stockholders
Chairman
$228,862
158,307
a
<
> ■ ''
The stockholders of Slater-Carter-Stevens
Co.,.,Aragon-Baldwin Mills,
Dunean Mills, M. T. Stevens & Sons Co.,
*
$266,108
$3,000,000
ahead
foregoing
Manufacturing
The Ferguson
Ferguson Bros.
acquired by Sterling.
J., recently
approximately
amounted
well
The
:$75,000,000,
-
61,176,348 117,719,763 118,705,159
21,373,512
44,889,577
42,022,548
6,934,671
taxes
prof. taxes_
by
a
subsidiary
conting——uLX
Prov.
500
1946
ran
year.
of
Co.,
retirement,
foreign
of
August
the
.
excess
$266,608
Operating revenues..
■Operating
expensesOperating taxes
sales
of
Merger With Nine Textile Mills Approved—
1946—12 Mos.—1945
$
47,236,593
12,656,751
1,331,085 X.. 1,283,004
(other than inc.)
and
Federal
:
and
months
N.
add
July
months
The Guaranty Trust Co. .of New York has
with nine
„
Taxes
•
'
-
12,505,096
_
deprec.
and
deple¬
tion reserves——i
Southwestern Associated Telephone Co.—Earnings—
...
*1
Total ■' —u—-X——: 60,794,098
•Operation
23,005,172
Maint. and repairs
3,854,141
installment note dated Sept. 2, 1946, in the amount of $285,805
is payable in installments of $50,000 each on Dec.
31, 1946, Sept.
1947, Sept. 30, 1948, Sept. 30, 1949 and Sept. 30, 1950, with a
tfinal installment of $35,805 due Sept, 30, 1951.—V.
163, p. 3292.
rev..
Hoboken,
for 5,000,000 shares
•
a
And
Uncollectible oper.
'
1946—6 Mos.—1045
Other misc. services—
■4%
1946—Month—1945
'
Subsidiary Companies—
$
Oper. revenues—Electric
46,957,917
30,
Period End. July 31—
•Operating revenues
'
Period End. June 30—
•
;;
any
for
six
$6,728,952 " $3,919,934
follows: "
as
six
(J. P.) Stevens & Co., Inc.—Registrar Appointed—
preferred for each share of old
new
net
Pittsburgh Rys. and Subs, and Other Street
Railway Subs, of Philadelphia Co.)
owners
term debt of the Barker Dome Company consists of
first
include
not
should
sales,
the
19
first
On Sept.
10, 1946 .the following were elected to the board of
H.
Everett
Smith,
Vice
President
of
Marine
Midland'
Trust Co., of New York City, and Francis R. V.
Lynch, a partner
in the firm of Van Alstyne, Noel & Co. of New- York
City.—V. 164.
p. 733.
(Not including
being $59,395 in the original leases (em¬
bracing 10,480 acres of land, more or less, including the 8,400 acres to
•Which the company's deep rights pertain).
tThe long
for
the
Mills,
of San Juan County, New Mexico, and La
predecessor
'
that
so
$949,457
Sept.
on
for
directors:
Standard Gas & Electric Co. (& Subs.)—Earnings—
property
Affiliated
''
do
sales
turing end of ,the business,"
The
Sept. 2, 1946, the Barker Dome company purchased from South¬
Gas Co. oil and gas leasehold interests covering the deep
.rights below the Dakota sand (encountered at depths "less than 3,500
leet under the surface) on some 8,400 acres located in the Barker Dome
the
a
shares of $1 par common stock was admitted to dealtags on the New York Curb Exchange at the opening of business
on Sept. 23.—V.
103, p. 1909,
:
Union
and
X
;
Offering is subject to-an
The 266,000
$385,325
volume
Two New Directors'Elected—
Standard Forgings Corp.—Listing—
■.!
•On
a
of
sales
or
'
Total
in sales
Month of—8 Mos. End. Aug. 31—
Aug. '46
1946
1945
—————
announced
net
average
figures
proceeds from any shares sold to
the public to redeem all
unexchanged shares of old preferred at $110
a share.—V. 164, p. 1331.
90,000
9,000
$1,000,000
establish
of
-
further
the
Coi
in person
was
of
.
is $100
1 l/10th
to
'
to
,
share, holders of the old preferred will
opportunity to exchange their stock for new preferred
at the
$4,487,004
$7,820,530 for the entire year of'1945.—-V. 164, p.' 870.
"Consolidated
of exchange to holders of company's
200,000 outstanding shares
$4.50 cumulative preferred.
In the event the publfc offering price
of
exceed
month
Consolidated net sales
It
64% rof * the. voting 'stock W3S * represented
to
month
the
over
Period—
X
'
stated that the board of directors had
a
$8,113,189
Sterling, Inc. (& Subs.)—8 Months Sales Up 72%—
re¬
of directors, the meeting
1946, .'without taking any
proposed refinancing might be accomplished
favorable terms than were available today.
month
consecutive
increase
held
was
;
for
proposed
a
1946—8 Mos.—1945
$618,586
a
new
high for the month.
August,- 1945, was 93.1%. The sales
the eight months ended Aug.
31, 1946 showed an Increase of
80.82% over the same period last year and exceeded by
$292,659 the
The
Adjourned—
act upon
1946—Month—1945
$1,194,511
consecutive
eleventh
,
y
'
^
*'
Stores, Inc.—Has Record Sales—'
sales
sixth
and
will
offer
i
;
520
.
•
-
Dillon, Read & Co. Inc. andXBlyth, ic, Co.
$285,805
.
—
to
Upon
preferred.
installment note due serially to 1951
made
/
Corp.,
The company on Sept. 6 filed a registration statement with the SEC
for 220,000 shares (no par) cumulative
preferred stock.
Underwriters.
$385,325
payable
Common stock ($1 par.value)———
Capital-surplus —————;
of
••
C. S. LaRue, Vice President and
Treasurer, announced that the net
sales for the month of
August, 1946 were the highest monthly sales
volume in the .history of the
company.and' that this month was the
;
Files With SEC—
98,000
,,
—
.Accounts
of
y
•"'
11
1946
X:
from
.Net
by proxy at the meeting.
$286,805
—
—
2.
later
"
...
special meeting
bility
INABILITIES—
,f
yy
railway-—
Sterchi Bros.
as advisable under the present unsettled
conditions in the security markets, taking into consideration the
possi¬
ASSETS—
—
r
Adams, President,
recommended the adjurnment
'
♦Fixed assetk (non-producing leaseholds)
Gash
'
-
James S.
used by
including
Other assets ( organization expense Jx--—*—
"
•
adjourned for two weeks to Oct.
action.on the proposed amendment.
organized in Delaware on Aug. 30,
*
.
formerly
which
was
BALANCE SHEET SEPT. 2, 1940 OF BARKER DOME OIL & GAS CO.
"-
>v^'X
\
; Period End. Aug. 31—
,
financing of its outtsanding $4.50 cumulative preferred stock,
and development of
interests,
payment of rentals with respect to such interests, acquisition of prop¬
erty, payment of indebtedness, other liabilities and overhead expenses.
>
Subsidiary
Aug. 19 announced the merger with and into this
wholly owned subsidiary, S. H. Thomson Co., the
branch,
''
'
.
.Oct.
company.
will be
on
its
of
amendment
the sale of the 178,575 unissued shares, plus the
remaining in the Barker Dome company's treasury from the
aale
Aircraft Products, Inc.—Merges
Standard
The
be
are
«xploration
V
above.
Inc.,
•Deficit.—V. 164, p. 1252.
Standard Brands Inc*—Special Meeting
proceeds from
proceeds
1 Net
V:
*•.
r. Gross from railway.—
Net from railway———
Net ry. oper. income—
7,725,743
197,184
instruments, will assemble thermometers and the Thomson factory
continue production of spotlights.—-V. 163, p. 1481.
payable at the Northern Trust Co., isrue
LaSalle St., Chicago, 111.
(par $1) being offered, 90,000 (the entire
outstanding) are owned by Southern Union and the re¬
now
mainder
—V.
$1,940,583
of Texas Gas & Oil Development Corp.,
•
from
From Jan.
surviving company to be known as Standard-Thomson
will manufacture autpmobile parts and accessories.
The
Subscriptions
amount
Net
$2,130,050
Staten Island Rapid Transit Ry.—Earnings—
Net ry.
•
given the right to subscribe on or before Oct. 11, 1946, for
of Barker Dome Oil & Gas Co. common stock at $1.10
share
Issued.
[
3,660,030
$555,349
used
Gross
Changes Name—
The company
and escrow agent, 50 So
Of the 268,575 shares
lor
$5,600,615
3,174,191
company Sept. 25 filed a ietter of notification"with the SEC
300,000 shares ($1 par) common,7Price, $1 a share. Proceeds will
for exploration and
drilling fcr oil and gas. No underwriter
be
$2,446,005
1,014,856
railway__
Standard
and
shares
Southern
.area
$5,304,241
1,825,084
The
for
:■■■■' 1943"
1945
$2,677,521
1,075,627
income——V. 164, p. 1331.
1943
164, p. 1331.
have
ern
$2,380,433
N. Y.—Files With SEC—
..
'
Gross, from railway——
!
railway
The common
'•?
Standard Aircraft Products,
Starr County
•
1946
from
From Jan. 1—
,
Southern UnioriGas Co.—-Bights -to Stockholders—
t4%
210,508
■
,
$1,020,506
56,950
89,000
from
Gross
the
160,442
182,977
-
$1,601,592
from
railway.i.—
railway.
Net ry. oper. income
Net
X' From Jan. 1—
per
1,356,053
645,503
84,713
.
"r' X 'X;
August—
Gross
railway..— $18,939,277 $18,889,382 $23,097,295 $20,926,230
Net from railway
3,802,520
5,324.325
9,668,675
10,077,974
tfet ry. oper, income
1,526,193
1,703,832
3,011,570
3,283,482
—V.
446,457
597,997
1,337,625
136,870
71,500
.v
Standard-Thomson Corp.—Consolidation—New Name.
"1,400,006
'
v
1,517,254
198,319
$2,358,131
302,199
,
50,023
"Including electric power and gas purchased and amortization of
contractual capital
expenditures, limited-term investments, etc.—V. 164.
p. 1126.
16,230
1,002,646
Net .ry. oper.
V' 1944
1945
'
railway—™
railway-.^-.—
36,000
deductions
*
123,183
,,
X
^
EARNINGS FOR AUGUST AND YEAR TO DATE
August—
from
from
.27,500
inc.
Net income—
,
$149,440
,42,409
21,898
,
tax-
381,037
24,391
Xnamedr, jx-X" JX
5,265,768 195,687,931 244,260,026
5,076,478
--
*
1—^
20,835
income———
Gross
jSpokane Portland & Seattle Ry.—Earnings—
—Jan. 1 to Sept. 21—
1945
'
r
Jan.:
XX
,
hae under consideration plans for • sale-probably in
December, of $7,500,000 in equipment trust certificates. The certificates,
which are designed to provide
funds, for purchase of new rolling
stock, will mature serially over a period of 10 years.Period—
142,884
—
inc.)
■
-
$6,185,634
■
X -95,915
iV 1943
V
$176,915
62,743
16,553
13,392
$5,930,044
.
.
6,938
•
$2,679,623
:
354,000
7,183
' •
.
[
J
51,931
•
income__.r
Net ry. oper. income—-
i>rTbe: company
'
[
1944
$186,554
58,148
—V„ 164. p. 1251.
'
;
$163,783
oper.
From
of the proceeds
'-.<;■
railway
railway-.!—
'
1945
.
184,785
Income
•
'
'
:
.
$5,824,696
267,925
'6,397
.....
$2,668,671
cdmiri,
and
$5,654,936
177,000
444
...
service---—--—7.7,420
:X
1331.
1946 "
■
ONLY)
1946—12 Mos.—1945
(other than
11,535,923
9,667,814
14,277,074
12,783,330
——X—
Prov, for Fed.
96,228,162
-
1,710,980
from
from
Net
per annum. * In response thereto three bids were
received, the best bid being that of the First National Bank, New
York, and associates, of 99.611 with a dividend rate of .1%%, which
to
89,712
X
.
—•
.
expenses
59,544,575
;
.p
Net
1%
of
others-
fisc.
(COMPANY
$2,496,226
Legal
'150,865
75,136,591
Spokane International RR.—Earnings—
The
tiples
$2,578,515
Taxes
96,379,027
14,009,476 103,871,219
INCOME
1946—6 Mos.—1945
cos..^
^
9,273,919
August—
'•
"
assoc
..vX
equipment,
certain
in
states
from
Divs, from
12,032,537
income——
oper.
income
—V.
and
In
OF
Period End. June 30—
serial
v-
-
Divs.
\
14,028,115 104,030,954
s
18,639 ^ • 159,735
22,963
.
,
Southern
amendment.—V.
X 1946- -Month—1945
revenues^—
Uncollectible
the other
next year.—V.
Underwriters by
;
.
[Southwestern Bell Telephone C<h- -Earnings—
XXXX
authorized
or
1976.
on
Misc. interest
more/
for Pacific Fruit Express
4,050 new freight train cars
by the end of this
6,000 are expected
had
XX';'"
10,000 new
cars
Pacific is. half owner.,
A total of
it
cars
the railroad has ordered
1944;
December,
chase of
4,000
Xv->.;' -"V'':
'
Since
than
more
due
1765
....
Sept. 20 by amendment filed with the SEC a pro-*
posal to issue $1,500,000 27/a% of first mortgage bonds, series due 1971.
Originally, company filed for $20,000,000 first mortgage bonds, series
company
REPORT FOR YEAR ENDED
MAY. 31
moved forward to larger sales, increased
earnings and a stronger financial position in the fiscal year ended
May. 31,
1946, W.- B; Stokely, Jr. President, states in the annual
report which was distributed on Sept. 9 to stockholders.
For 14 suc¬
cessive years, with the single exception of 1938, Stokely-Van Camp's
This
sales
corporation
have
reached
again
a
new
high
each year.
X
.:'X
Net income for the fiscal year ended May 31,
1946, increased to
$5,204,912 (including approximately $1,350,000 which is non-recurring
having accrued^ from the; sale of a building at Indianapolis)' from
$3,145,059 for the fiscal year ended May 31, 1945.
"Expanding civilian business much more than offset the decline in
government sales which dropped .from $27,709,500 in. 1945 to $15,132,084 in the 1946 period," Mr. Stokely reported.
Working capital increased to $17,154,070 on May 31, 1946, com¬
pared with $15,244,120 a year earlier. If effect is given to the receipt
and
June 5, 1946, of $3,000,000 in connection with the company's re¬
financing of its long-term debt, the report points out, working capitalwas
approximately $20,154,070, an increase of $4,909,950 over the
Shaut
earlier.
During the past fiscal year the company simplified its capital
ture and obtained needed production facilities by merging with
building,
on
figure
of
simplification
the capital structure.
the Gibson Canning Co.
of
over
assets
of
v.
Ltd.
Packers
STATEMENT,
INCOME
CONSOLIDATED
"
'
"ft
'
'
1,714 shares
Gross
i Net
——-ft.
profit
income
Net
before
—,
discount and
Bond
Premium
1
-
and
discount
& State taxes on inc.,
Balance
during
acq.
year,
I—
Total
;
stookhldrs.
Min.
'
,
Net
>
.
,
profit
Earned
int.
)
,[
'
for
Divs.
'<*•>,,
;
■ 1
—ft—*
year-:
share—
common
per
_:
;
582,097
969,000
3,354,272
879,960
3,087,751
955,926
352,701
506,410
194,088
MAY 31, 1946
177,801
ft
16.762
184,327
190,849
Crl.006
283,000
226,329
$493,011
-
8,000
$4,658
$13,661
$492,343
12,232
2,013
108,869
38,039
$16,890
deductions
$15,674
$601,212
$531,050
-sftftftft'-ig.SfiS
164. p.
16,809
-*$4.
—
•Loss.—V.
■ft;
209,710
205,795
*$1,134
■:
$391,502
$325,255
998.
Textron, Inc.—Stock Increase Plan Rejected—
The
stockholders,
proposed
at
amendment
special
a
Sept.
meeting
increase
to
the
failed
30,
authorized
\
to
adopt
stock
common
a
from
shares, par 50 cents, to 4,000,000 shares, par 25 cents.
The
amendment proposed a split-up of the present stock on a two-for-one
basis.
..s.ft.ftft-;
The proposal to eliminate all reference to the prior preferred stock
-
deposits, $4,987,139; accounts receivable
(after allowance for doubtful accounts of $13,550), $2,956,371) inven¬
tories (at lower of average cost or market), $12,165,633; advances to;
growers arising from sales of plants, seeds, etc.
(after allowances for
losses of $22,000 Y $966,635;. farm inventories of cattle,
feed, etc.,
accumulated cost of growing crops, and expenses applicable to current
season's
pack, $951,036) prepaid taxes,
insurance, etc., $240,944;
accounts
receivable,
subsidiary companies', $191,482; investment in
marketable
securities, • at cost (quoted market value "approximately
$525,000), $310,954; cash surrender value of life insurance, $118,089;
account receivable, subsidiary company, current portion above, $144.704; investments in. capital stocks of subsidiary companies $322,943;land, buildings and equipment, at cost to present or acquired com¬
panies (includes fully amortized emergency facilities of $1,176,607,
but after, allowance feu: depreciation and amortization of-$7,466,113),
$6,143,645; prepaid insurance (no current portion)" and sundry assets,.ft
$264,953; goodwill, formulae, .copyrights, trade-marks, etc., $1} total,
ft.;
Manufacturing Co., Inc.—Stock
offered
its
the
are
also
remainder
Texas
the
of
Aug.
on
27
common
of
authorized
of
adoption.
'
,
amending the by-laws to provide for rot less
than 13 directors: were adopted,—V. 164,- p. 112,7.
.nor more
137,500
,
five
than
which
Thompson
(Marvin R.), Inc./ Stamford, Conn,-—Files
With SEC—
The
March 31, 1946.
The partners received
inter- ft
and 100,000 shares of common stock in propor¬
their right to receive the profits-of the. partnership. • Subse¬
however,
of
named.
J'..,
A
orders.
>1
,
v
general
t
•
business
underwriter
No
purposes.
>-•
\ IX
(4,';
'.ft
j<+
»
.
.
.i
vv
special general meeting of the shareholders Will, be held, on Oct.'
vote on reducing the capital of the company from $292,500,
the
aggregate-amount
the' consideration
of
the
for
and
issue
allotment of 976,000 shares without par value, being the outstanding
shares of the company,-to $273,000 in respect of the said 975,000 shares
and that such reduction be effected by returning to the holders of the
said 975,000 shares paid-up capital to the extent of 2c
upon each of
Company is at
the said
shares.
V'' .{
;
•
'
r,
'
4
-
•ft^ftftft 4ft■
-
.
s
'
'/ V '•'
An
.
has leased, from the Reconstruction Finance Corporation
of North American P.ant A at Grand Prairie, Texas, and a
Important
taxpayer
new
project is
"
' I.
v
Tishman
Realty. &
Construction
Structure in East Orange/ N. J.—
Company
ft one-third
for
>
to
15
being
the existing stockholders bought an additional
preferred stock and 6,250 shares of common stock for ft
;
the present time engaged in manufacturing personal
and other sheet metal products. It Is also converting mili- ft
tary aircraft, principally Douglas C-54's and C-47's, into passenger ft
and cargo, planes.
It has a backlog of $8,000,000 in contracts from
various
companies,
chiefly manufacturers of planes, but including
$900,000 in orders for popcorn machines and $160,000 of miscellaneous
used
To Make Capital Distribution-*-
incorporation
to
be
■
r./"d "'^4.
/
'
the partnership
to
will
Three Point Petroleums Ltd., Calgary, Ala., Canada—
midnight,
:
Sept. 30 filed a letter of notification with the SEC
shares ($10 par) class A stock. Offering price $10 a share.
company
for 20,000
Proceeds
ft airplanes
••
failed
Resolutions
$8.50 per share.
106,250 are now outstandnig. In
stock company has authorized and outstand-ft
stock,
common
to
..
-
;v,
$125,000.
:
r-j
*
Co.—Plans
New
to, be undertaken bjr thlk
East Orange, N. J., it is.
company in
the main shopping center of
announced
by DavidftTishman, President.
formerly used by (North American Aviationt^.*^xhe
company
has purchased,
from v the
Baldwin
Construction
of the leased propeete,. is- approximately
Co., the vacant plot at the northwest corner of Central Avenue and
for a rental of.-.,&!4j%, of the first
Halstead Street, measuring
154 feet on the Avenue-bjr1110 feet on
the Street, with a 15-foot driveway In the rear to the
$1,000,000* monthly collections with a mininuwm.iental of $16,667 per
parking space,
month and 3%
of the
excess
over $1,000,000
to
and is terminable by
provide the site for a
modern
one-story,' air-conditioned store
the lessor on 120 days' notice or without notice* in fcbe-event of k
^building, with full basement.
,
,v 4f ■
portion of the machinery
Inc. ft The
The
4 national
demand
provides
lease
emergency.
While
,
value
aggregate
$3,465,000.
''
on
27,435
187,354
15,404
14,691
income.
income
98,720
.
15,804
income—
income——!—
Net
1332.
p.
plant—.—- .ft:
Income
.
,
.
73,414
532,354
*80,401
ft-
,
General taxes.
Fed,, normal and-surtax
1943
ftft 27,157
2,640,540
of
$352,506
85,656
1,510,598
93,983
1
ft
•
income™.
1,250 shares of
amortization of emergency facilities of $361,593 in 1946
in 1945.
llncluding Federal excess profits tax of $1,510,000 ($387,000 in 1945) and Federal declared value excess profits
tax of $260,000 ($3,000 in 1945).
* %
^
CONSOLIDATED BALANCE SHEET,
of
quent
$289,889
ASSETS—Cash
2,351.896
256,227
railway
shares
in
tion
•Including
and
1944
$2,697,310
1,595,036
8,9227,887
ft
amort,
$2,836,046
98,309
.'
96,842
.
est
'
1
$5,204,913 $3,145,060
'
$5.32
$3.48
350,313 ft.: 309,756
div. ftft
shares at $8.50 per share)— '
(68,482 common
37,173
—•
1——™—
: .-$3,311,758 ; $3,199,431
net inc. of subsidiary106,845
54,371
MOPX
v
paid on prior preference stock—
paid on common stock, 10% stock
Divs.
ft
in
^
I%
ftft
—-
utility
2,500 shares of preferred stock in proportion to their.investment
,
—-—
ft-
and
$151,025
$143,919 ft
,'
—vft
Operating
$392,741
1945
;
as,
2,375,000
$5,311,758: ; $3,162,258
net earns.of sub.
subseq. to the acquis. ,} ' «
1 >
-
thereof
a
'
—
-
approving
personal planes, and other sheet metal products. It continued as a
partnership until its Incorporation In Delaware on April 29, 1946, and 4
the issuance of a permit to do business in Texas on June 17, 1946,
when the business was conveyed by the partnership to the corporation
"
3,797
Parent company's portion of,
cos.
Deprec.
shares of 6% cumulative preferred stock ($100 par).
Proceeds of this issue will he used, to obtain additional working
capital and to retire bank loans."
Company was organized as a limited partnership in November, 1945,
for. the purpose
of converting military aircraft and manufacturing
19,082
$4,630,000
etc.—-
1
Gross
$324,397
59,091
ft
17,496
ft'
1
railway
oper.
addition
-------
——,
expenses—
on
*
-1946—12 Mos.—1945
July 31-r- ft 4.1946—Month—1945 ft
revenues—.—
.
ft Maintenance^
ing 3,750
4
182,115
:
99,572
*
from
ry.
The
retired™^../------.—103,200
bond
of
Fed.
for
expense
bonds
on
Amortization
Prov.
198,457
paid, less interest received—.
Interest
from
shares
$6,485,066
742,815
interest,-etc,—— $11,326,287
—ft , . 983,300
deprec.,
Operating
,
15
Nov.
The
company,
with offices at Grand Prairie,
offered 31,250 shares of common stock (no par) at
•
•Depreciation
Period End.
v..
treasury.—V. 164, p. 465,
1946
.
$341,583
25,090
•21,690
Texas Engineering &
$6,492,448
Dr7,381
$10,414,635
911,652
—:
(net)
1—
Offered—
16,921
2,687,366
1,481,692
income
Jan.
•Deficit.—V, 1G4,
-'ft;
Operating
vote
held in the company's
are
railway
railway
oper. income-.-
ry.
Gross
*
—<-—•—;
—
73,403
Advertising and selling expenses——4,604,903
Administrative and general expenses^——'1*742,717
Other
will
1
Nov.
from
From
57,275,692
inc.
record
from
Net
$67,954,119
oper.
of
ft".ft
1945
of
Texas Public Service Co.—Earnings^
■
lot,
1,700,000
sales, less ret., allow., frght. & cartage_ $88,969,163
sales, exclusive of depreciation
—
72,133,505
farm opers., less storage and misc.'^Xf:---
Cost
^
of
,
Losses from
Gross
services.
public
of
price
purchase
the
'Other
sub¬ ft Net
YEARS ENDED MAY 31
1946
promotional
Offering
for
used
Tennessee Central-By.—Earnings--*-.
Fruit
'
be
will
proposal to change the authorized capital stock from 200,000 shares,
par $100, to 400,000 shares, par $50, two new shares to be, issued in
exchange for each share held. Of the 142,000 shares presently issued,
Net
period.
figures in the report do not include earnings of owo
Stokely-Van. Camp of Canada, Ltd. and Hawaiian
for
disclosed.
not
equipment and to provide capital.
Stockholders
7-year
a
Earnings
sidiaries,
consideration
as
was
Proceeds
-
Superior Steel Corp,—Plans Stock Split-Up—
*
~
•
each.
Monday, October 7, 1946
Operation
at Gibson City, 111., were
purchased to obtain needed facilities in corn growing areas.
In bringing about these mergers and this acquisition, the company
has issued or has reserved for issuance 52,660 additional shares of
5% prior preference stock and 23,148 shares of common stock. During
the year
Stokely-Van Camp effected a material saving in the cost
of servicing its long-term debt by redeeming its 3Va % debentures due
1958 totalling $3,440,000 principal amount and borrowing, on June 5,
1946, $3,000,000 at 1%%
under a term bank loan to be amortized
The
Shaut
L,
classification
$100
shares,
year
a
Mary
stock
The
struc¬
three
organizations and acquiring the assets of another.
The merger in¬
volved
the
Columbus Foods Corp.
The W. R. Roach Co., and The
Hoopeston Canning Co.
The company secured additional production
facilities from Columbus Foods.
W. R. Roach was already 70% oWned
and
Hoopeston
100%, and merging with these companies brought
ft
FINANCIAL CHRONICLE
THE COMMERCIAL &
1766
-
>
-Construction
,
has only had
company
a
its gross
short period of operations,
tained.
the four months ending July 31, 1946, has amounted to
$439,407, resulting from sales of $1,969,697 and a cost of sales of
$1,530,290. Its profit from operations for the same period is $443,886.
profit
.
for
UUlt
C;
as
F.
A/ approval
non-critical
of
negotiations are
national
chain
is ob*
and
materials
pending,
for long
organizations^ in¬
property.—V. 184,
096.
p.
J
Y.
..
ft
The corporation has acquired
the Aero Industries Corp. of New
Haven, Conn., it was announced on Sept. 24. The purchase, it was said,
-consolidates the: position ed .toe..purchaser ftaa .the>largest :fUted-base
sales.
maintenance
service,
overhaul
and
aircraft engines and"the--'-operation-'of
.
Sept. 27 approved a merger of Fohs Oil Co. Into
on
soon
use
that
urOwMjpties^ in the country^^ and;;e3to»nd» its Operations to include general
ing Approved—Reduces Bank Loans—
The stockholders
as
extensive
Transair, Inc., N. Y.—Acquisition—
*
PvAJn'oinir Ca
K/iwlw
a^
Producing CO.—Merger and
r'ulf
lexas
started
leases,
with
several
large
terested in taW*Jgftstores in the
'
rp.vo.
be
for
term
These figures are prior to the deduction of income taxes. The earn¬
ings applicable to the 106,250 shares of common stock outstanding as
of
July 31, 1946, amount), to approximately $4.02 per share after
deducting the dividend requirements on the preferred stock but before
deductions for income tax.
will
call
Plans
equipment; Ttft is understood
/
conversion
of
aircraft
and
Government-approved- flying
a
4,/'
..
Sent.
no.
Fohs stockholders aDoroved the pro
of the flying equipment brlngs the total number of aircraft
Sept. 30, Fohs stockholders approved the nrounder Transair ownership to 33.
With the exception ol 14 trainers, all
"ft■"ftftft'/';ft:ftftvftft;: ^ •'
ft:
of the aircraft will be used in passenger charter service.
Transair
Texas Gulf's daily crude oil production will aver¬
$29,764,529.
* *
intends to move its own maintenance plant from the Newark (N. J.>
.
.$. • ,,
,
,
* *
.
j
age approximately 10,000 barrels, plus a substantial amount of natural
Airport to New Haven and-perform'air of its work there; .ft * ft"'
' "*
( LIABILITIES—Accounts payable, $2,046,606; dividends payable, July, gas and its products, Lawrence S. Reed, President, said.
1, 1946, $96,835; accrued salaries, wages and other compensation, $688,■;j;The combined producing properties of Texas Gulf have estimated
666;
accrued taxes, other than taxes on income, $280,180; accrued
ftTransamerlca Corp^-Not to' Purchase Taylorcraft^-*
proved net reserves of oil and condensat^of 46.191,427 -barrels, Ray¬
interest, $4,800; accrued freight
etc., $12,832; advance payments on
mond F. Kravis, independent petroleum engineer of Tulsa, LJkla., re¬
This corporation has decided, not to exercise the option it holds to
ported. This does not include semi-proven or prospective reserves.
ncome.Oess tax anticipation notes of $4,355,194 and including ac¬
4 purchase-Tftylo^oraffr Aviation. Corp. stock, it was announced by Sam H.
Proved net
crued interest of $6,194, $827,065; mortgage bonds, on property ac¬
reserves^ of. company gas are estimated has 259^46,W^^,sjMUl^,E3^utive Vice-President ot Transamerica Corp
natural owns.wholly and at
thousand cubic feet.
The
a.share^the oution which exnired Sent iSS«i ch&r#.
quired. 4%, payable September 1, 1952,. $80,000; minority stockholders'
;389 oil wells and 41 gas wells.; Non-producing
preferred stock (par $20), $7,759,220; common
Gulf
»xrr
Texas
pffeotive
Gulf,
effective
posal Sept, 26.
With
ft
this merger,
,
(
'
•
Jinfilled orders, $1,659,140; provision for Federal
Interest,
stock
5%
$911,928; capital surplus, $3,262,900;
total, $29,764,529.—V. 164, p. 870.
^
$301,858;
(par $1),
$11,832,490?
.
/
and State taxes on ft;
earned surplus,
'
1
"
'
.
five-story Mayer block in Erie, Pa.,
Leasing of the
'
'
-
'
the, company's manufacturing facilities will permit
Rochester employees and floor space to the in¬
of FM
radio-phonographs and community dial
exchange telephones, Dr. Manson explained.; He added that approxi¬
mately 90%
of
the? company's floor - model rrdioa are now
being
equipped with two-band; push-button FM.—V. 163, p. 2627.
I Expansion
of
of
assignment
creased
more
production
Sun Elcctrie
The
in
company
Corp., Chicago—Stock Offered—
September-offered 7,000
preferred stock at par ($100)
acquaintances.
Proceeds will
of
machinery,
etc.
■
shares
of -6%
cumulative
Y--ftftftft:
Co, Inc.,
V.
The
Sept.
company
24 filed
for
Tampa Electric Co.Period End. July 31—
General
$638,081
.
$629,899
$7,678,952
$7,651,119
320,923
3,570,325
3,919,704
44,386
37,090
490,086
523,452
»
—
taxes
Federal taxes
56,403
>.:
on
res.
income
53,007
73,400
65,000
»
accrls— ft:"
689,229
40,833
.
Net
from
Net ry.
: i
928,800
490,000
1946 -, 1
$192,254
65,337
railway,,
income.^./
oper.
Gross
-V.
;
ft 1943
.^103,897
35,064
75,826
.
cft-ftftftft.'
-ftftftft
$137,687
$104,644
146
439
$1,510,512
3,971
$1,317,423
6,073
ft.
,
income—
income
164,
p.
$105,083
$1,514,483
$1,323,496
3,293
3,165
38,476
78,875
$134,541
deductions——
$101,918
$1,476,006
ft
81,229
.
to
60,902
1,627,383
ft, 791,783
mall
419,347
659,015
1946
Gross from railway—$8,728,811
Net from railway
ft 1,641,199
Net ry. oper, income—.
1,209,984
Gross
>
Net
from
Net
ry.
-
.
ft ft 1945
;
ft
-5,783,980
4,999,947
1,102,832
2,307,187
railway—v- i 68,017,648
to
84,032,139
89,688,019
88,044,446
13.258,155
33,792,265
9,340,224
40,098,061
46,470,460
10,664,586
19,549,944
oper.
8,939,755
income—
—V. 164, p. 1253,-
■
,
Operating
revenues
—
Operating expenses
tax aecruals
"
Jt.
-320,097
1,387,423
254,437
(net Dr)
16,522
8,865
,
1,112,555
130,088
ry.
Total
Misc.
15,092,970
2,992,752
.' 172,343
rents
facil.
Net
1946—Month—1945
1946—8 Mos.—1895
$4,680,744
$6,651,109 $37,318,211 $54,227,777
4,005,151
27,908,971
30,643,038
3,602,359
(net Dr)
oper.
"
1,746,057
,
,73,764
$995,233
63,072
$5,173,845
'511,414
$6,671,948
$1,058,305
8,711
76,250
$5,685,259
82,805
$7,207,129
122,802
$569,423
ft
income
deductions
'
$631,225
income-
——
61,802
ft
shares to
on
Sept. 15 filed
Edwin
J. Shaut
a
535,181
Mary L. Shaut for business and
assets, 2,000 shares to the general public, and 2,069 shares to Edwin J
Fixed
234,148
charges,
406,407
1,873,479
$388,366
$575,648
$3,728,975
j
2,378,159
letter of notification with the SEC'
and
—V.
164, p. 1253.
—
ft
next,
notice
a
aa^
of
Wilmington, Del.", toft
ft
ft*
"ft
ft
-
in >he public financing of the corporation,
shortly, Preston Tucker, President, has
'
$4,706,168
J
.
.
,
.
,
to
are
:
said he would file with the Securities and
-statement providing the necessary figures and
form the basis for the eventual: registration-of
Exchange
a
and
common
an¬
.......
informa¬
$20,000,000
Proportionate amounts of each have
stock.
decided, but It is expected the stock will comprise the
part. 'ft-..ft-:-ft. >'■ ft-ftftftftft;:;:*•'■:" •, , =,';ft.?•-^:•
Proceeds of the sale will be used for the purchase of materials
machinery, financing, tooling costs and providing working capital
ft
and
for
other
purposes.
The issues are expected to be handled
large group of the smaller underwriters, Mr. Tucker said.
Financing plans have been
War
Assets
manufacture
I
Mr.
will
save
other
facilitated through concessions
Administration
which
in
connection
Tucker
Mr.
pt his car,'it was said.
Tucker
disposed
explained
securities
after- the original lease
approximately $350,000
costs from now
with
leased
'.ft.
>
the
last
war
July
a
by
surplus
for
the
ft-'
»
by
made
^
underwriters
were more
favorably
modified, because the company
month in rental, maintenance and
was
a
until -next March. He
said the
has an'
company
option for ten years, instead of the original five, to buy the plantMr,
to
be
Ttfcker expects to have
known as the Torpedo,
production under way
be
concentrated
ages are
ft
on
will
the
the first hand-made models
ready
by
Christmas,
and
of
his
car
assembly-line
between next March and June. Production
one
model,
a
sedan.
Materials
and
parts
will
short¬
not expected to retard output, he said.
Mr. Tucker hopes
and
Net income
7,
taken
Dcdge-Chicaga .plant,
rentals
Equip,
Oct.
Oct. *24, in
on
been
the
Texas & Pacific Ry.—Earnings-—
steps
be
'
debentures
not
ft
.
The company
tion:
of
larger
ft
,
Commission
1—
railway
before
or
held
Tucker
Mr.
1943
-1944
$9,338,374 $11,591,610 $11,229,876
r
cn
be
to
Tucker Corp.; Chicago—-New Fina,ncing Near—"
expected
3,245,913
1,023,557
Jan.
from
-•
stockholders
meeting
Preliminary
.
Texas & New Orleans RR.—Earnings—
August—
its
to
adjourned
1,395,985
509,559
oper.
Other income
Sunset Laboratories, Inc., Glendale, Calif.—Files With
SEC—
"'.v.
for 69
•
order provides that; Transamerica must set forth in proxy
soliciting material to all stockholders the proposal of Mi*.'Gilbert that
independent auditors be elected.
The Court also ordered the company-
.consider-the proposal.—V, 164, p. 1253.
railway1,646,073
1,498,473
railway.
—ft. 446,205": f 488,038
income— •. - 166,039 - ' - 241,997—V. 164, p. 1332.
:
ft ft -'ftftftftftftft
.ft;
$1,244,621
1638.
head- f
with
ft/The
;-W
$176,684
$249,928
-
-
from
ry.
Ry.
Gross
Net
ft/.'-'ftft.'ir -V"
1944
1945
$177,564
r
72,404
from
Net
500,000
$137,834
(net)——
corporation
r
facility of the national securities exchanges, to solicit or permit
of any proxy in respect to capital stock of the -corporation without
complying fully with the SEC Act of 1934 and the order of the Court.
>
26,404
Period End. Aug. 31—
Utility oper. incomeOther income
Delaware
a
,
Ry.—Earnings-
,
From Jan. 1-, -ftftiftftft^ft.ft
675,138
715,400
40,833
Corp.,
any
.
' *
railway.^.
Gross, from
From
1946—12 Mos.—1945
Transamerica
use
Earnings—
1946—Month—1945
-
Retirement
Income
against- the
,
164. p. 1252.
SEC ft
293,769
revenues,—
Maintenance
notification with the
Offering price, io cents a {.hare.
officers of the company.. Proceeds will be ft
development of mine and other expenses.
working capital,
Operating
Operation
letter of
a
common.
defense motion for dismissal, Judge Paul Leahy in tb*
Court,.,at.Wilnlingtorfr Del., on Sept, 9, granted a motion
and Exchange Commission for a summary judgment
Securities
nounced
for 250,000 shares (lc par)
The shares, will be sold by
used
the
quarter
Fohs properties at
Texas Mexican
sec—
«
of
^
v-ft -
Seattle, Wash.—Files With
Denying a
U. S. District
net Income from;.4hieft:cb)nbined
quarters in San Francisco, Calif,
1
*
,»
'
approximately $500,000.- ft
/
ftft
The actidn^was started by the SEC when the-company refused «
% The stockholders also authorized the issuanc%bf;lH50,000 shares of
.
.
,
.
T
$100 par cumulative convertible preferred.
This stock may
q
f John J. Gilbert, .of New York, a Transamerica stockholder,
Lehman Bros.. New York, and Kebbon, McCormick & Cotf»Gttleaga/ Asr/ft Tor the election of independent auditors for the company, which co»•principal underwriters, if and when "it is considered to be in the
stituted a non-compliance with the Commission's proxy rules, ftft;;
best
Interest
of
the
company."
Proceeds from' the sale would be "'
Jtidge Leahy's opinion said that Transamerica is permanently enjoined from using the mails or any means of interstate commerce, or
devoted to further reduction of bank loans.
For further details, see
third
estimated
Reed
Mr.
Texas Gulf and
Net
Sunrise Mining
Drdered to Notify Holders of Election—
and a substantial portion will be used to reduce bank- loans^out-fti;
standing with the Guaranty Trust Co. of New York.
The loans were
incurred to finance recent purchases.'
-ft-V//:,ft. '■ ft 4 •
ft..- 4
August—
to offioers and employees and business;:
be used for working. capital, purchase
™
P
' ■v "■
-
pany
■?
The
company
was
incorporated in Delaware Jan. 4,
1946,
and ft
acquired the assets of Sun Mfg. Co., a co-partnership.—V. 164, p. 1252.
it
acres.
Texas Gulf had cash in banks of approximately $2,000,000.
Mr. Reed said this sum is in excess of the normal needs ot tha- com¬
'
-
„
as an additional
manufacturing center for this company: was announced on Sept; 27 by
Dr. Ray H. Manson, Presidents
The compny expects to manufacture
table model radios and undisclosed new products at the new plant, he
said.
Jeaseltoia^romtie^ft,he^ j» SSTlSi
141,361
On Oct. 1,
Stromberg-Carlson Co., Rochester, N. Y.—Leases New
Plant—
aggregate
eventually to produce 1,000 to 1,500
cars
first cars,
on
which the public will form its impression
day
a
employ 35,000 to 42,000 workers. The first 4,000 to 5 000
reserved- for purchase by employees, thereby insuring
be
cars
that
will
be
Volume
and
•;
,
Tucker
Mr.
of
10
aside
set
to
■,
and inspected- Mr. Tucker said. He, also will attempt
co. 12%>>of "production- for;export.
s
• <
;»
signed contracts with approximately 2,000 dealers
to add an equal number in the coming months,
t, .'-;' ;
built
carefully
j
expects
Torpedo will include advanced streamlining and engineering,
including a itar end direct drive engine and will cost $1,500 to $1,600.
preferred
and
share
one
of
Proceeds
common/
will
used
be
for
'
^y
authorized
United Milk
Products
Co.- -To
Retire
30%
It
of
Pre-
27,217
shares
*
1945;
1946
.
Operating revenue
$8,317,472
'/.Operating expenses and taxes^-j^-——. 0,777^800
Operating income
'
t—
$1,539,671
ifon-operating income -.i-——. 23^618'
income
Gross
Amort.' of discount; on funded debt*
debits
Federal taxes on
.
*
649,979
$752,622
Z $504,218
~.—
Miscellaneous
income——__——
155,046
<
at .the
-V.
163.
retire
30%
about
of
the
outstanding.
Preferred stockholders
part of their holdings to the company
any
at
1
sell will be
of
limited
business
on
m.
Oct.
Oct.
14,
transfer
Oct.
160,
-
•
with
tenders
15
for
sale
Exchange
due
will
of
It
ganization Filed With Court
Second Mortgage
i
Committee Formed for
—
Jersey
30,
Nov.
on
at
the
and
of
close
will
the
business
of. the formation of a-protective committee for; the
mortgage refunding 3% income bonds due Dec. 15, 1946, was
7 folio wing; filing of a petition for re-organization in the
New .York Supreme Court by the corporation.
;
'
The
committee
consists
of: Thomas
F.
Corrigan, Executive Vice-President of Adams & Co., Inc., real estate; Maurice Linker, who with
members of his family owns 10% of the outstanding second mortgage
bonds; and Sidney A. Shaskan of Shaskan & Co,, members of the
New
York
Stock
Exchange;
with
Katherine M.
Hannigan of
120
Announcement
.
.
.
I
Second mortgage1 bonds, for which this committee is acting,
t
The. committee's
*
fx
statement further
"The 2 Park Avenue premises
adds:
-
:
"
7
dividend
cents
25
share has been declared
per
until
-
'An** expansion
of
the
by
*
J,
which
program
the
for
increasing
of
will practically double
for
,
,
the
,
plan
the
the
meeting
special
held
Sept.
on
the
26,
the
stockholders'' -meeting,
ensuing
Thomas
year:
class A
class
and
declared
B
and
Oct.
usual
15,
15
t
The
stock
«
"
r
stockholders
2-for-l
and
shares
also
approved
increase
to
from
^outstanding. 294,419
;
the
proposal
a
authorized
shares.
400,000
common
suit
ap¬
reduce the
•'
—
Prior
Federal
800,000
debentures
excess
■:
Manufacturers
Trust
The
of
Edward
R.
Downing
new
to
also
cents per share
stockholders
declared
the
1946,
directors
The
for
on
1,
declared
of the
the
3%%
common
initial
quarterly
cumulative
holders
record
of
defendant
officers
^:
operated
unregistered
an
holding
..
\
..
•
.
hostilities
'
April
30.
-..•have- been
.
v
Regular Preference Dividend—
The-; directors
on
Oct.
declared
l
A
covers
the
three
months
payment of $2 per share-un Feb.
on Aug.
14, 1946. wiped out all
share
the
regular
erence; stock.—V.
x
1128.
p.
1
'--
'
v.
-i
r:
.it
shares.
united
income
Herrick,
fund
Waddell
agent.
United
united
accumulative
income
&
fund
fund
outstanding stock purchase
a registration statement with the SEC
shares and
united
accumulative
fund
Co.,
Inc.,
shares
shares
New
will
is
York,
is
exclusive
be
offered
to
being
offered
to
agreements.—V.
163.
o.
which
the
public
holders
of
United Insurers Service Co. of
The
;
for
plants in that
the
first
have
quarter
accelerated
•
,
-[
>
•
•
action
in
prominent position in the operations of United
a
&
Wire
Co.,
Calif.,
Oakland,
United
and
States
as
furtherance
a
the/Geneva
B.
of
a
of
Steel
total cost of
Black,
United
Steel
Co.,
western
in
interests
Provo,- Utah(
$47;500,000.
President
States
its
Co.
of
Pacific
and
Gas
Coluriibia
of
has
recently
more
from
'
«
.
program/for
the; Federal
f
-
Electric
)
'
and
Co.,
a
Steel
are
Corp., and William A. Ross, President
both located in San Francisco, Calif.—•
-
7
^
v
,
fs
announced
that
thls; corporation has
acquired
substantial
a
in Zetka Laboratories, cathode ray- tube manufacturers.
7
The corporation has also begun production on a larger screen than
the one now< being delivered to the public.
This new super screen
will measure 12 square feet—and the corporation predicts that jihis
giant-size picture
will, be
on
the market by. the end
of the year.
By
smaller, "popular-priced sets will also be available in quan¬
tity, according to the announcement.—V. 163, p.: 2055.
/;
\ "V- 'i
<?■};!Al
rV',v»
in
the
Our
deferred
demand
result
should
-
financial
and
cash
for approximately
>
of
present
our
fiscal
year.
housing
facilities
go
in
for
our
sales
Fir
program.
advance
of
plywood
the
piling up and
deliveries
to
products
and
and
profits
good,
far
and
we
f
V.
.
in
The
shares
New
3%%
Trading
p.
1128.
in
(Mo.)—Bond Financing—The
company has been authorized by the Missouri State P. S.
Commission to issue $1,000,000 1st mortgage 2Ys% bonds,
due 1971. Proceeds will be used chiefly to refund $864,400 1st mortgage 3%% bonds, series A, due 1966.
The
plant facilities
of
any prior year.
approximately $9,500,000
excess
Co.
.
The
Co.
v
& Telegraph
company is controlled by the United Telephone
(Del.), in turn controlled by United Utilities, Inc.
United Transit Co.—Definitive Debentures
Ready-
debentures due I960 are now available
temporary debentures at the Bankers
Trust Co., 16 Wall Street, New York, N. Y., or at the option of the
holder, at the Harris Trust and Savings Bank, Chicago, 111.—V. 163,
p. 2627.
•
^
Definitive 4%
for
delivery
in
_
delivery of other
prefabricators
some
increased
our
have
Telephone
issue has been sold to institutional investors.
•
production
shipments.
position is
<
Sales'
sinkirig
fririd
exchange
..
for
-
.
G.
L
Woodham
/interests,
ization
in
Smith,
Counsel
Gwieral
.
,,
.
Universal Pictures Co., Inc.—New
Directors—
for
the
J.
Arthur
Rank
and Robert Benjamin, President of J. Arthur Rank Organ¬
this country, have been elected directors.—V. 164, p.
998.
government bonds."
Universal Winding Co.—20-Cent Common
Lists 3%% Preferred Stock—
^
United
production is reflected by
additional
as
been so far in
inventories have been
that
requested
"The
its
area
"
increased
were
bottleneck
a
materials
but
Sept. 23 filed a letter of notification with the SEC
for
14,500
shares ($20 par)
4%
cumulative preferred
and 14,500
shares (no par) common.
Price, $20.10 a unit consisting of one share
company
stockholders and
that time
placed some time ago.
'
"The
softwood plywood
industry has done a magnificent job in;
cooperation with the Housing Administration, and fir plywood has not
Missouri, St. Louis, Mo.
e-■
It
common
Fortunately, our plants have been kept up to date and"
our
equipment is in excellent shape, for delivery dates for additional^
machineryr-espeeially required for new products, run from one to three
years, as manufacturers are swamped- with orders from foreign coun¬
in
—Files With SEC—
our
pre-fabricators Mve
Selling
Iflljt.
the
action.
been
The company on Aug. 30 filed
covering
on
San
of the
interest
this
Interest
20
1946, to holders
-
further
be
should
into
,
P t
United Funds, Inc., Kansas City, Mo.—Registers With
SEC—
ii
164,
l; 1946.
1946, and one of $7.50 per
on the $3
pref¬
accumulations
of
the
that
United States Television Mfg. Corp.—Acquisition, etc.
stock, series A,
dividend
listing
for
on
states
corporation
production
West
Steel
Columbia
of
1946.
quarterly
stock, payable Oct. 19,
of our Vefforts for
sales
increased
Oct,
14,
and
director
1946.
Coast which closed
"The success
a
ended
The
steel
the
American
Steel
and reconversion, the results of our last fiscal year (ended
1946) should be considered quite satisfactory.
They would
substantially better but for the general lumber strike on-,
tries
tribution
10,
months,
three
regular quarterly dividend of
75 cents per share on the outstanding $3 cumulative preference stock,
no par value,
payable Oct. 18 to holders- of record Oct. 11. This dis¬
.
applied and received approval
stock, without par value,
common
,
•
The court dismissed the complaint on grounds of lack of Jurisdiction.
for the
Government at
933A
of
7
a
holding company owning or controlling stpek
subsidiaries, which principally conduct integrated
various
in
^acquired
Ottinger, President, answering questions from stockholders
at their annual meeting held Sept. 4, said;
.
^"Considering all of the difficulties entailed in the termination of
the West
.
•;
540,000
Lawrence
com¬
and held stock of subsidiaries in violation of the Securities and
pany
-Exchange Act.
^
United,
of
has
of
in Alameda and Los Angeles, Calif.
During 1945 the corporation initiated a $25,000,000
improvement and/expansion of the present capacities
$1,786,084
dividend
preferred
Sept.- 20,
Quarterly distributions of 20 cents each were made
stock on? Jan. 19, April-20-and July 20,- this year.-
Downing had charged waste; of assets as a .result of maladministration of funds and accounts. The complaint charged that the
i
the
$1.34
of record Oct.
;
in
-J
pteel Corp.—New Listing—
Exchange.
corporation,
,7——'.
Steamship Co., operating a line of steamships in intercoastal and
foreign service; operating Oil Well Supply
Co. of California With
offices in Los Angeles and San Francisco; Cyclone Fence Division; of
$935,584
been
Mr,
shares
f
V. 164, p. 998.
have
share
Oct.
re¬
taxes and
deferred
miscellaneous
r;A4..
v;
"recognition of the increased
as
James
directors
per
in¬
ac¬
Steel as
the corporation has expanded its
interests,
which
include San Francisco and Los Angeles as port Cities for the Isthmian
United States Plywood Corp.—Initial- Pfd. Dividend—
payable
$86,116;
with
(after
and sale of a wide; variety of finished
products, made ijts entrance into steel mahu1930 through ' the acquisition of Columbia
Steel Co. in Pittsburgh, Calif7 ; Columbia Steel maintains its
principal
offices in San Francisco,, Calif., and in addition to the main plants at
Pittsburgh, steel mills are located in Torrance, Calif., blast furnaces,
coal and iron mines in Provo, Utah, warehouses in San Francisco and
Los Angeles, Calif.; Portland, Ore.; and Seattle, Wash.
Since 1930 the
—V." 163, p. 1911.
Co.,
in-process
deposits
miscellaneous
Steel Products Co.
$0.54
stock).
and
inven¬
States
$381,011
com.
premiums,
reserve
cumulative (par value $50 per share), $2,104,800;
value ,$1 per share),. $230,859; capital surplus,
(since
Feb.
1„
i.937), $1,357,558;' Wtal,
West Coast has taken
310,500
Net income
(finished
market
(after
$1,151,336;
:
semi-finished
and
1945
232,000
or
7
1946
receivable
$105,745),
surplus
%
Stock
tacturing
175,820
surtax.
(695,823 shares
v
operations
the 7% prerecord
profits tax...
Earned per share
cost
of
and supplies), $2,411,386;
$27,156;-travel advances and
(par
corporation
This
$613,011
and
discounts
average
earned
8,703,252
interest
$1,610,264
George Whitney,
,
of
1966 are inow* available in
the
at
normal
Federal
common
to
trade-accounts
and
the corporation in the West,"
$423,373
income
split-up there were
of America—Definitive Debs.—
debentures due- April
temporary
the
split
to
capitalization
to the
stock
Francisco
189,638
Total
72,000
$108,038
dividends; on; the 6 % preferred stock, cumulative
1, 1938, amounted to $24 per share, or a total of $1,010,304.
164, .p. 998,
*
j
•
*
*
This
1945
$432,728
$7,874,129 $12,441,891,
6,522,182
9,976,297
928,574 :
855,330
income
191,600
$312,601
,
.
Co.—Earnings—
.
Other
of
United States
1946
41,600
Crl,32l
,
..NOTE-r-Unpaid
—V.
per
on
surtax
from Aug.
holders of
to
June 30—
Sales, less returns and allowances
Cost of gQOdS sold
Selling, igenX uod administrative expenses-
$100,000,000 for himself and
of
the
corporation against George H. Howard,
Landon K. Thorne and other officers of United, has
-dismissed
byv Judge Paul Leahy in Ut. S. District Court- at
Wilmington, Delaware.
"
*
other
Oct.- 1
$220,317
5,215
materials,
preferred stock;
$6,582,272.
cents.
payable
$386,204;
insurance
$271,450;
share, on
1, to holders of
stock, payable Oct:
.102,140
41,600
accounts
lower
$5,413,987
5,091,630
*
$551,016
_
raw
common
paid on Jan. 2 and April 1, last.
follows: Jan. 3"and July 14, 25 cents
also^declared
was'
Months Ended
cents
,
6%
were
as
United States Pipe and Foundry
6
United Corp,—Suit Against Officers Dismissed—
The
cents
quarterly dividend of $175»per share
fetred; stock'
New York, N, Y.—V, 163, p. 2486.
\
with
*
20
gen.
"1'•
:
1945
$6,632,956
exp,5,980,940
101,000
:-;V7 7;7::V,v
of
MONTHS
on
income
(estimated), $298,763; 5%. debentures, due Aug'i 1,
$1,664,000 (against which a like amount of cash is on deposit1
trustee); note payable to bank (due Jan. 31, 1947), $1,500,000;
1946,
Sept. 20.—V. 163, p. 1616.
shares.—-V. 164, p. 16/
common
United Biscuit Co.
'Definitive
exchange for
:
taxes
.
common
•
dividend
a
SIX
receivable, $4,370; property, plant, and equipment
for depreciation of $3,344,309), $2,514,154;
prepaid
comes
have
FOR
LIABILITIES—Trade accounts payable, $546,131; pay rolls and com¬
missions, $189,938; amounts withheld from employees for taxes and
savings bonds, $45,927;
local
and
pay- roll
taxes,
$36,846;. Federal
.
thg fofiowir.g were elected directors
Ahearn, Jr., Daniel Moore Bates,
$1,523,718
the
charges, $1,550; total, $6,582,272.
share
""
Sept. 20. Like amounts
The
'
stockholders
an
the
each
he states.
granted
were
X
of 1%
J.
.
Payments.Adoring 1945"were
amendment to the articles of incorporation to
preferred stock to 46,434; shares from 75,000 as a result
redemption or conversion of 28,566 shares.
The1 remaining
46,434 shares are unissued treasury stock.
proved
preferred
,
directors
record
authorized
of
*
for
common
ACCOUNT
tax)--estiraated
companies,
unexpired
their stock for
the basis
on
selling, admin. &
doubtful
serves
United States Foil Co.—Declares Dividends—
The
United Aircraft Products, Inc.—Stock Split Voted—
At
.
0,
V:Vv
Cargo operations of United Air Lines showed an increase of nearly
over the- same period
last year, according to estimated figures
released .today by M. P. Bickley, Managaer of cargo sales.
The' corporation
flew
an
estimated
849,000
cargo
tori-miles in
August>—V. 164, p. 1253.
v;^"
:
7%
and
500,000
1946
125%
j
the
to
preferred.
The new preferred stock will be convertible at;„
three shares of comirion stock.
1
5
will become effective when so declared by the board of
—V, 164, p. 997.
each;
*
stock
of
stock
and 1% shares of
—
'
Holders
common
Consolidated net earnings after taxes—
•
United Air Lines, Inc.—Cargo Operations Up 125%—
*
shares.
preferred stock
common
RESULTS FOR EIGHT MONTHS ENDED AUG. 31
plant.This plant is operating at Improved levels at present, but is
still handicapped by shortage of labor and delayed deliveries pf steel,
__V. 164, p. 1253.
V
of
privilege of voluntarily exchanging
preferred
new
convertible
Conn., Providence, R. I., and Hartsville,-S. C.
.
that the company has the largest back-log of orders in
for. steel-fabricated specialties produced at the Blue Island
i.-
INCOME
profit
counts
..
added
He
present 200,000
the
$4
for
surance
The company-is: engaged tin the business, of dyeing, finishing,and
printing of textile products and operates plants at Norwich and Sterling,
Sept. 10
of the
Its1 history
of
amount
interest,
debentures
(less other income)
Federal norm^ inc.- tax and
products,
p. Wyman Carroll, Jr., Norman ,S. Goetz, John. P. Huntifcgton, A. Livingston Kelley, John P. Maguire, Grant A. McClatchie and Leonard A.:
part
i
class
new
5%
in
tories—at
.
,
authorized
3Vfe%
than
more
the
CONSOLIDATED BALANCE SHEET,' JULY 31,
,
involving the installation of additional heavy machinery and
equipment should be completed in early fall and the second part
involving extensions of several buildings should be ready by the first
quarter of next year.
The expanded facilities, Mr. Watters said,
will
increase
employment in the Blue Island plant materially, but
added that it was Impossible as yet to estimate how much.
i
'
$4 convertible preferred and
program
;
a
'
.
next,
interest.
payment, or accepting an extension of the
a period
of three years. On July 31,
1946, the
$1,664,000 with the Detroit Trust Co., trustee, to
(no excess profits
for
directors of the company.
capacity
on
McClatchie, President, had decided to extend
the period in which additional ^deposits of pre*
time into
The
X
the
the
from
old 7%
any
payments "will be
corporation's Blue Island plant was announced
H. Watters, President, who added that the first
of
the
will have
new
shares of
.
Chicago—Expansiori
Union Asbestos & Rubber Co. of
creation
for
162,
30,
paid
ASSETS—Cash;
A;
company's-plan of recapitalization is designed to strengthen the
capital structure and eliminate dividend accumulations.
It provides
the
continued as long as business conditions permit.—V. 163, p. 1291.
;
1V
1946, .
were
full
for
Aug.
of sales,
Net
The
*•':A(fk*the
a dividend of 25 cents was paid.
directors announced that quarterly dividend
The
31,
Oct.
Grant
ferred stock: may be made.
.
common
20, 1944,
*
by
"
shares
the
:
In view of the favorable response on the part of the preferred stock--■
in depositing their stock under the plan, the directors, it was
stock
on
sto.ck, payable Oct. 15 to holders of record Oct. 1.
This is the initial
payment on
this stock since
the merger of Parker-Wolverine Co.
into Udylite Corp.,
which became effective on March 1, 1946.^ The
previous distribution was 34 cents per share on Jan. 3, this year,
which was the sole payment on account:of 1945 operations.
On Dec.
,
*
of
$1,500,000 at not
1946, holders of
receiving
date
of
Prov.
holders
Udylite Corp—To Pay 25-Cent Dividend—
A
20,
of
Other-deductions
company's
announced
1,
and
101
Operating profit
Interest on debentures
the
of
Nov.
on
at
XProvljsion ^oradej>reciatlon
by a vote df substantially1 more than
outstanding shares of each class of stock, approved
plan" iof ' recapitalization which; bad been distributed'i;
to the stockholders on Aug.-12, 1946.
-.",;7-
_
July
Cost
163,
The stockholders' on Sept;. 30,
the
debentures
Net- sales-
:•
two-thirds
'
corporation will
1946'
United- States Finishing
Co. — Recapitalization Ap¬
proved—Time for Deposits^ Extended-^-Earnings Higher
'
shares
share.—V.
ENDED JULY 31
■
.
«
On
CONSOLIDATED
inception 14; years
will remain in complete charge, thie announcement said.—V.
p. 2772.
'
..
,
these
$102 per
to the amount of the outstanding 5% debentures.
1946, options had been exercised as follows: De¬
cash, $612,000; debentures for which maturity data
is extended, $892,500;
total options: exercised, $1,504,500; this left a
balance of $159,000 debentures for which
option had not been receiveclat Aug. 30, 1946.
•
The company has purchased the common stock of Lane Drug Stores,
Inc., with headquarters in Atlanta, Ga., itr was announced on Sept. 21.
involves 58 stores operating in Georgia, Alabama,
Tennessee^ Florida; and South Carolina;
'
v
>
ago,
assessed for: rear estate purposes
$6,650,000, of which $1,550,000 represents laqd value. The improve•/ment is- a 26-story office building built in 1927 and now tfully
{
occupied.
"The committee intends actively to participate in'the pending proV ceeding and all proceedings that
may develop, affecting the. interests:
t
of the second ihortgage bondholders and will" endeavor to evolve a
plan whldh will fully'recognize those interests."
^
\
"The first mortgage bondholders protective committee is headed by
William J. Demorest, President of Wm. A. White & Sons.—V.
164,
■f';7|»/870//*7^
///X
at
>
this
convertible
;; The transaction
;. H. C. Nay lor, President of the Lane chain since its
are
of
3,500
the balance
,
stock
of the
first steps in this program the company has con¬
arrangements with the New York Trust Co. for a five-year loan
bentures
„
at
.
1946,
one
As
'
,
out¬
are
that
company deposited
provide cash equal
'
Acquires Lane .Drug Store Chain—
standing, in the amount of $2,131,000.
Both the first and: second
mortgage bonds were issued pursuant- to a plan of reorganization
approved by the! flew York Supreme Court in 1934. •
/
7
.
company's financial structure."
maturity
newly ■ acquired Florida stores .wills
continue to- operate under the established name of
Bay Drugs and ^
thatjao changes in policy or personnel are anticipated.
v
held
r;v
announced
option
in
•
Broadway, New York, N. Y., as Secretary and Wagner, Quillinan, Wagner & Tennant, and Abraham N. Geller, as Counsel.
The plan of reorganization offered with the owner's/petition provides for extension for 20 years of the first and second mortgage
bond issues due on "Dec. 15, 1946, under all the existing terms.
The
first mortgage bonds
are
outstanding in the amount of $4,810,600.
■
-
company
Fran&.G. Berlin in 1939 and 1940.
Officials of United-Rexall said the
made Sept.
V
in the amount of
Co.—Buys Bay Stores—
on Sept. 9 announced the purchase of the Bay Drug
Sarasota, Bradenton, and Ft. Meyers, Florida.
The transaction involves the
inventories, fixtures,, and leases of the
three Bay units which were established as an
independent chain by
second
v
shares.
now
<
made
be
record
'
The
Stores
Bonds—
share
-
$100 per share and
.
is
As
United-Rexall Drug
1,050,000
each
the
in
increase
an
to
for
dividend.
outstanding 5%
cluded
Two Park Avenue Building, Inc.—Petition for Reor¬
shares
share
redeem
-Pay¬
ment will be made at the Detroit Trust Co.,
Detroit, Mich., or at the
Guaranty Trust Co., New York, N. Y.
'J "A.
This decision was reached, Wesley J. Peoples, President and Chair¬
man, states, "as part of the over-all program for rearrangement of
1335.
p.
525,000
additional
United; States Radiator Corp.—Calls Debentures—Ar¬
its
at the
Place,
stock
from
one
ranges Bank Loan—{
1
preferred stockholders of record
agent,
issue
Approximately
.1809.
p.
,
15. •' i
redemption, if necessary,
to preferred stockholders
25.—V.
to
which
,
to
approving
on
company recently called for
redemption as of Aug. 15,.
its 18,250 shares of
outstanding $4 cumulative preferred
was
held privately.
of
callable at
a
*
-
100%
a
The
all
have
per
.
,
close
apply
2406.
p.
sell
exceed $100
Corporation Trust Co.,
City, N. J., before 11 a.
The
income
Net
to
.
The' offer to
rv
».6,954
"2,156
*
to
preferred, .stock
.
invited
holders.
1,252,319
funded debt
par
X
have voted
share.
,•
'
.
If less than 30%
of the outstanding preferred stock is acquired by
the company through sale by
stockholders; the management proposes
to redeem enough shares to make up the 30%, it was reported.
The
redemption, at $100.50' a* share, will' be effected; prp7 rata - from > all
$1,920,694
151,343
6,843
2,500
Interest on
no
been
17,779
'
directors
'•price" not? to
$1,902,915
$1,563,290
-
of
$8,054,102'
6,151,186
—.——
'
The
stock
common
is proposed
as
ferred Stock—
6 Mos. End/ June 30-*
"
a
and
Subs.)—Earnings—
Twin City Rapid Transit Co. (&
United States Potash Co,—Plans 100% Stock Dividend
r
and to increase surplus of United Insur¬
—Retires Preferred Stock—
reciprocal insurance company under laws of State of Colorado,: ' .',
7, The stockholders will vote Oct. 15
an affiliate of the registrant.
There are no underwriters.
ers,
•
<V':V'n
17671
working capital of company
has
The
.
-7
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4531
164
York
Stock
Exchange
cumulative
this
stock,
preferred
recently
has
approved
the
listing
of
60,000
stock, series "A," $100 par value.
issued, started on Sept, 24.—V. 164,
value
initial
Dividend—
20 cents per share has been declared on the $5 par
stock, payable Nov. 1 to holders of record Oct. 1. An
payment of 10 oents per share was paid on this issue on
A* dividend
of
common
.
:
Ry.—Earnings—
Utah
Net
ry.
railway—
from
Net
income
oper.
Net
ry.
—>V. 164,
30,196
10,176
18,816
r:-.;
;
91,027
Corp.—Consolidation Approved—
Utility Equities
determined
as
Montreal
of
p.
7'
^
3724.
•
31—
12 Mos. Ended July
Operating revenues
Operation
"
•
—
:
Maintenance
—
-
-
3,206,368
plant acquisition adjusts
taxes (after extraordinary
Amort. Of
income
Federal
$2,738,237
of
ductions
2,844,167
693,168
—
—
072,862)
re-
$9,-
period,
(prior
;
r
—
Other taxes
•
————
—
—.———_—
Balance
charges
Special
—
.
—-—
amortization—__—
and
Interest
—
—
1,996,870
3,364,509
3,610,180
824,709
tNet income
—
1,334,566
6,299,850
1,447,355
in Fed. income taxes.
f Earnings
requirements—
dividend
Preferred
3,805,271
$8,213,378 $11,695,548
7,634,416
9,504,021
-
{Net income
SSxtrordinary reductions
3,076,064.
6,427,957
1,447,348
stock
—
$4,852,495 $4,980,609
•Of (1)
$824,709 (prior period, $2,380,806), representing pro rata
amount of those portions of premiums and expenses on redemption of
bonds which are equivalent to resulting reduction in Fedral income
taxes, and (2) $1,424,465 in prior period representing pro rata amount
of book loss on sale of transportation property in 1944 which because
of write-downs in prior years is less than the pro rata reduction in
Federal taxes resulting from such sale.
K/C •
tIncluding $578,962 (prior period, $2,191,527) pro rata amount of tax
reduction resulting from sale of transportation property in 1945 at a
book profit and pro rata amount of tax reduction, resulting from sale
of transportation property in
1944, in excess of related book loss.
{Excluding $578,962 (prior period, $2,191,527)
pro rata amount of
Applicable to common
fax reductions.
§ Which
-
not offset by
are
special charges include, in
and not to replace
emergency
- *
•
stockholders
approved
from sale of
Oct.
proposed as a Special
reducing the capital of
be
on
In
•;
RR.—Earnings—V
Wabash
V.
2.
Gross
Net
ry.
From
Gross
Net
railway—,—
income,—
$7,167,292
1,963,260
$7,816,725
2,861,139
$8,162,564
3,320,900
595,102
712,670
940,892
579,561 7
oper.
1—
Jan.
railway
51,817,591
8,998,661
4,115,156
—
income—_
oper.
63,376,915
24,715,411
6,037,324
64,672,505
23,833,955
6,217,570
62,768.291
26,635,983
7,799,151
—V. 164, p. 1254.
•
.
i
sales
$410,734
:
1946—Month—1945
1946—8 Mos.—1945 7
$12,482,878
$9,869,210 $92,008,268 $75,911,119
' . . *-
$3,668,726
share
"With
.
Co., Inc.—Initial Dividend—
August—
Gross
Net
1,392,936
513,939
2,912,210
1,598,357
32,664,575
31,337,308
11,928,306
4,415,016
14,902,670
1,783,656
363,350
27,096,420
40,249,386
15,826,968
4,440,060
1—
Net
ry.
1
railway—
railway
—V. 164. p.
5,662.217
2,538,186
income
oper.
'
$5,527,723
400,266
from
from
7,982.032
1254.
Period End, Aug. 31,—V
——L
Sales
—V.
164,
1128.
p.-
-
jV
Pacific
Western
Holders Suit
Washington Gas Light Co.
12
Months Ended July
Operating
revenues
—
31—
_
1945
1946
''
.
$14,546,526 $14,277,940
:
9,346.961
871,756
941,338
,
——
Maintenance
923,058
charges deferred because of war
Prov. for oper.
107,169
conditions
:
Depreciation
General taxes
Prov.
for Fed.
830,343
864,282
255,900
..
—
and exc. profits taxes
inc.
go
Hulbert has ruled that
tween
suit
the
The court
complaint.—V.
'v-V';""'I..."
608,440
25,561
Other income
159,
p.
\v'S.".*
'•
V.
776,
•
'
"
161, p.
"*•
'
5,78
$2,355,129
p.
315,185
on
164, p.
470,015
$814,892
Balance
-V.
$1,432,340
451,524
preferred stock.
466.
<
Walker & Co.—Offering to
>
.
i
.
;
$962,325
>u
Stockholders Postponed—
has advised the Detroit Stock Exchange that the pro¬
posed issuance of 29,283 shares of class B stock has been postponed,
according to an announcement on Sept. 16.
.
The company
>
(par
lc),
■
&
Lake
fered—Halsey,
which
1%%
Which
on
Oct.
Erie
Stuart
1
won
filed with the SEC Aug.
(6679)
922,789
$1,265,416
Dividends
shares
1128.
Wheeling
36,028
9,461
7^*74
681
400^)00
245^00
1,168,741
'?■
245,000
1,037,592
&
'
was
,
withdrawn Sept.
points from
Because
fering
.
,
Ry.—Equipment Trusts Of¬
Co., Inc., headed a group
the award of $1,720,000,
prices to yield from'
0.90% to 1.80%, according to maturity;
Associated in
the offering are Otis & Co. (Inc.); The First Cleveland
of the of¬
Less than
were
Worumbo Manufacturing
par
equipment trust certificates. The certificates,
$86,000 mature semi-annually , April 1, 1947
Oct. 1, 1956, were offered
Commerce Commission approval, at
the lew.
j
market conditions a substantial proportion
reported to have been, left with underwriters.
of
shares
stockholders
The
Series L,
of
to..
Oct. 2, subject to Interstate v
offered at $100 a share,
bid. $62 asked, following expiration of
Subsequently the stock rallied several-
taken by stockholders last June when they wero
offered for subscription and the remaining 149,121 were offered to
the public by a syndicate of 46 firms headed by Kuhn, Loeb & Co.,
E. H. Rollins & Sons and associates.—V. 164, p. 466.
16,
I
was
7.0CO
18.—V. 164,
.
quoted Sent. 30 at $60 Vz
syndicate on Sept.. 27.
the
Inc.—Syndicate Dissolved—
V-
convertible preferred, originally
$4.50
The
was
Statement
1
:
^The registration statement
covering
$2,305,788
Income
9,22S
78,000
3,125
24,010
11,089
20,127
3,765
54,167
———
sterling account is stated at book value
of $7,893, and was realized on Aug. 8, 1946.
Willys-Overland Motors,
of the agreement be accounted
motions for dismissal of the
148.
*
• >. « ' .
.! •.• *
Co.—Registration
Mining
Tin
Western
v/:
7,526
148,000
$2,430,858
reserve
a
Preferred Stock Declines—
$2,360,911
1,039,372
Gross
must
Sept. 30 denied several
on
Withdrawn—
$2,280,227
the suit of stockholders
'
' '
seeks
rescind an agreement entered into in 1943 be¬
corporation and the Foundation. It also asks that profits
'
to
accruing to the Foundation as a result
for.
Ordered in Rail
Foundation of N. Y., Inc.,
corporation against the James
to trial. 1,
The
8,542.324
891,757
Operation
9,346.961
of the
Corp.—Trial
RR.
James Foundation—
vs.
Federal Judge Murray
(& Subs.)—Earnings—
108,728:
The
1943
$4,291,968
922,308
Prom Jan.
Gross
-■
1945
$5,015,371
income
oper.
ry.
1944
1946
$3,601,099
railway——
railway^.
Net from"
$322,673
189,064
stock
RR.—Earnings^
v
from
■
Wilbur-Suchard Chocolate Co., Inc.—100% Stock Div.
directors have declared a 100% stock dividend on the common
payable Dec. 9 to holders of record Nov. 27.
At April 30, last,
there' were outstanding 31,462 shares of $5 par value.
Under a plan approved by the stockholders on June 27, 1945, the <
authorized capitalization was changed from 7,000 shares of $50 par
7% non-cumulative preferred stock and 50,000 shares of 50-cent par
value common stock, of which 6,167 shares of preferred and 31,462
shares of common were outstanding,
to 12,500 shares of no par $5
cumulative preferred stock and 50,000 shares of common stock pf $5
par value.
One shave of new preferred stock was issued in exchange
for each two shares of old $50 par preferred, and one share of ?5 par
common in exchange for each 50-cent par share.
The new preferred ^,
stock is now receiving quarterly dividends of $1.25 per share.
Under the same plan, holders of the outstanding first income and
fixed 4s due 1952 ($211,500 outstanding at April 30, 1945) were of¬
fered the right, prior to July 1, 1946, to exchange their bonds for new
preferred stock on the basis of 11 shares of preferred for each $1,009
of bonds.
At April 30, 1946, the bonds outstanding had been reduced
to $99,000 principal amount, and there were outstanding 4,321 sharea
of the $5 no par preferred stock.—V. 162, p. 176.
; ,
21, 1946.
San
Western Pacific
:
$1,997,838
$70,000
229,620
;
$1,997,836
of $42,921,
(Include
$45,773 for estimated refunds of Federal income and excess profits
taxes
for the years
1941 to 1945, principally due to accelerated
amortization of emergency facilities and carry-back of unused excess
profits credit.—V. 159, p. 116. .
|
«
, p
17,
of
1
blocked
•The
1948, the company issued through the First California
Francisco, Calif., 100,000 shares of 5% cumulative
convertible preferred stock at $10 par value.
See V. 164, p. 1254.
July
-
Total
less
initial quarterly dividend of 12 V2
preferred stock, payable Aug. 31, 1946, to
the
on
holders of record of Aug.
On
'
-
■' 955
465,463
12,198
1
$2,430,858
Federal capital stock tax——-—.-—Accrued State and local taxes
Accrued social security taxes—
—
Accrued salaries and wages.
—
I Miscellaneous accruals
i—
Bank loans, due after one year
ulas8 A prefewewoe stock ipeJt $20)———
Common stock, without par value (authorized
and issued, 42,100 shares) and surplus
$549,204
937,716
24,256
■ 955
683,913
13,352
—
Accrued
recently declared an
directors
per
'*
r——
——
—————
14,193
•
—
Employees' funds and taxes withheld
Accrued Federal taxes on income
behalf of Henry L.
Western Frozen Foods
The
cents
': 45,031
on
company
on
1945
$172,007
20,109
271,354
34,553
47,010
—.i
(less reserves)
within one year——
Accounts payable, -trade
—
——i
U. S. Govt., under agreement to purchase plant
250,000 shares
shares
;
——
at cost
LIABILITIES—
370,695
.
14,700
1,070,800
6,895
Bank loans, due
275,233
.
-
Sales Increased 26.5%—
Total
Sept. 4 filed a letter of notification with the SEC
of common on behalf of the company and 100,000
Rath, President. Offering price, 10 cents
a
share.
Proceeds will be used for further drilling operations to
develop petroleum gas.
* '
The
for
—,
-
U. S. Govt
and equip,
Plant
919,899
Co., Venice, Califs—Files
Oil
Crude
Western
-r
$167,791
294,308
•
| tRefund claims,
Investments —
164, p. H28:
SEC—
'
.78,000
York, blocked ster¬
i—I---———j-.
Special engineering orders (in process)
cost)
'
5,921,885
2,253,159
$2,079,486
;
^245,791
Excess profits tax refund bojids——
—
Inventories (at lower of actual or replacement
1946—6 Mos.—1945
685,967
1,274,775
Net earnings
—V.
trade
receivable
(less reserve) ——.—:
ling
$5,189,000 $65,858,000 $32,842,000
3,354,261
•
40,686
value)
(less reserve)
Accounts receivable,
»
provision
Fed. inc. taxes—
for Fed. inc. taxes
.
149,649
*35,028
—
-
Guaranty Trust Co. of New
25 to holders of record
before
■■ i
$92,648
153,148
1946 °
$212,875
25,036
stock-
(cash surrender
insurance
Other accounts
declared on Aug. 21, is
1946—3 Mos:—1945
^ $268,282
,. ■
2)r505
14,700
v
ASSETS—
Life
Co. (Mo.)—August Sales—
$9,70.1,000
sales——
78,967
"78,271 1
$122,128
(net)
—
*
Cash
$5,348,000
4,353,000
Period End. June 30—
Earns,
income
-
BALANCE SHEET. JUNE 30
1946—Month—1945
1946—8 Mos.—1945
$2,747,000 $35,379,000 $17,034,000
2,442,000 30,479,000 15,808,000
31—
<
Combined
Net
federal inc. & exc. profits taxes
Dividends on preference A
;
.
$267,777
•
———
-
Patents and goodwill—
sales
Net
Walgreen Co.—August
Prov. for
—
Deferred charges:.——-^-———.———
Period End. Aug.
Wholesale
:
*
distributions were made on the common stock:
2, 20 cents each; and1 Oct. 1, 40 cents.—
Western Auto Supply
Retail
,,,,
-
•
Total income
record Sept. 13. Dividends previously
Jan. 2 and April 1, 20 cents each;
'
railway—
from
from
Net ry.
1945
$7,303,821
1,519,695
railway
from
Net from
V
2 and July
April
expenses
'
Operating profit
Non-operating income (net)-.
$4,361,084
4,189,469
$4,085,817
3,739,264
-
-
—
sold and operating
goods
Depreciation and amortization
year-end dividend, of $1.50
a
of
Cost
;
164, p. 55.
1943
1944
1946
*"•
August— ;
declared
18
Sept.
on
the following
1945
.Tan.
Company
■
Issue
Dividend
Paper Co.—Year-End
payable on Oct. 1 to holders of
paid this year were as follows:
and July .1, 25 cents.
for
Resolution:—
the company from
$190,133, being the aggregate amount (after giving effect to a pre-,;,
vious reduction of capital in the sum of $57,867 of the consideration
for the issue and allotment of 826,666 shares without par value, being
the outstanding shares of the company, to $140,533 in respect of the
said 826,666 shares and that such reduction be effected by returning
to the holders of the said 826,666 shares paid-up capital to the extent
of 6c upon each of the said shares.—V. 157, p. 904; V. 151, p. 3580.
will
vote
to
;
.
.Netv sales
approving the note
besides
18
Sept.
on
share on the common stock, payable Oct.
10.
A payment of 25 cents per share,
per
Prov.
Resolution
V for
an
directors
The
,
Ltd., Calgary, Ala., Canada
—Plans Capital Distribution—
A special general meeting <rf the shareholders will be held at the
registered office of the company, 232 Lougheed Building, Calgary, ...
Alberta, on Tuesday, the Fifteenth day of October, A.D. 1946, at the
feour of 2:00 o'clock in the afternoon for the purpose of considering
and if thought fit, passing the following Resolution with such amend¬
ments and alterations (if any) as shall be decided at the meeting,
Oct.1 15
,
Co. of New York.
are
Vulcan~B*own Petroleums
which
O.—Files
Sales Inc., Zanesville,
Hardware
.
West Virginia Pulp &
from amortization
(prior period,
facilities and excluding the $578,962
$2,191,527) pro rata amount of tax rductions resulting
transportation property.—V. 164, pp. 998 and 466.
cf
Co.^ Pro¬
1332.
With SEC—,
addition to the
period,
$2,191,527)
referred to above, amounts
which
result
from
deductions,
in
excess
of depreciation
at
usual rates, allowable for tax purposes as amortization of emergency
facilities but not recognized in the accounts since such facilities are
expected to be employed throughout their normal life
existing facilities.
lIBefore giving effect to tax reductions resulting
■-
was formerly known as Hirsch-Weis Mfg.
used for additional working capital.—V. 164, p.
Wholesale
y
'
increase in the authorized $5 par capital stock to
750,000 shares from 627,848 shares to provide for the note conversion
privilege and to make adequate stock available.
Charles Dorrance, President told stockholders that recovering from
labor difficulties the company got into its production stride in August
when it earned approximately 30 cents a share. Operations in Sep¬
tember have been almost as good he said. Because of the coal strike
in the second quarter the company reported a consolidated net loss
of $11,000 for the first half year. Up to the beginning of September
the company had at least covered out of earnings the dividend of 25
cents a share already paid.
Dorrance
predicted that the company would have relatively good
earnings for the remainder of the year. He said he looked for a total
of 50 cents
a
share in dividends this year but emphasized that a
strong working capital position must be maintained.—V. 164, p. 1128.
(prior
$578,962
"
(par) $100 and div.
The. company
Increased—Dividend Outlook, etc.—
Stock
also
$11,300,826 $18,373,209
2,262,739
2,872,389
—
Sept. 11
preferred stock
3,000 shares of 41/£% cumulative
■
$11,571,636 $18,454,306
270,810
81,097
—
Stock Of¬
; ;,The. company
Sept.; 23 filed a letter of ^notification with the SEC
a'maximum of $i50,000 (no par) common.
Offering price, $100
a share.
Proceeds will bemused for construction for corporate buildto be used to pay off $1,500,000 of back loans,
■%: tags and operating capital.
.
- - "' •
;
$1,000,000 first mortgage of Ohio River Co., a subsidiary, and for
\>
*",; '
.. ' i
..; •,'
y ■■-.7
'■
other corporate purposes.
•
.
«
. >
<
t
/• 1945
'
The 4% note will be payable in instalments to 1961. It will be con¬
Wicholdt Stores, Inc.—Sales Increased .22.9 %—
$46,247,052
common stock at
a share.
sinking fund
v 17,957,159 ,;r vertible into VVUIAJ&U/Al OIUUU CV V $20 w ouaiv. The fixed OlUMUg IUUU
82 Week$ Ended July 27—
^4S8 4Q1'
*
.1946
; ,
1945
i5ni4w3 '°f $150,000 a year, compares with present requirements for debt veSales—_^i>.^$49,656,838 $40,397,61$
3,301,434
tirement of $470,000 annually over the next five years. In addition,
-r-V. 162, p. 2193.
693,168
the company will pay 25% ot any excess of net earnings over present
dividend requirements, to retire the principal amount of the note
Wico Electric Co.—Annual Report—
at- par.
1
>
1
1,227,688
Years Ended June 30—
1946 > "
1945
the Mutual Life Insurance
proceeds
The
"
opersating revenue
Other income (net loss)
Net
_
Stag Manufacturing Co.—Preferred
,
$40,630,233
16,953,513
————————
Depreciation
at
The issue was sold
Sept. 1, 1964.
and other expenses.
machinery
offered
t*
1946
,
used
fered—Conrad, Bruce & Co., Portland, Ore., on
$3,000,000 4% convertible Sinking fund
collateral notes, due
■b'~; The
Co.—Earnings—
Virginia Electric and Power
'
•
Sept, 23 filed a letter of notification with the SEC
of 6% preferred. Offering price, $1 a share. Pro¬
for payment of outstanding indebtedness, purchase
shares
be
White
1vately-The company has sold privately through Tucker,
>: Anthony & Co.,
Caldwell, Idaho—Files
Co.
Pri-
Coal & Coke Corp.—Notes Placed
West Virginia
-iat par to
v, :■
will
ceeds will be
1%; on
at any office of the Bank
bonds are payable.—V, 131,
Payment will-be made
where by their terms sa*d
2%.
1956.
With SEC—
shares
48,000
Products
Earth
company
36,000
ceeds
,
premium
l&ZSZ ShM*
SE
due
100 and Interest, plus a
due Feb. 15, 1947, V* of
Nov. 1, next, at
follows: On bonds
on
called for
mortgage bonds have been
first
outstanding
the
of
Canada—Calls Bonds
Ltd., Toronto,
Viceroy Mfg. Co.,
All
redemption
The
for
>
Sept. 10 filed a letter of notification with the SEC
($4 par) common stock to be offered to common
stockholders for subscription at $4 a share in the ratio of one share
for each five shares held.
Proceeds will be added to general funds.
There are no underwriters. '
'
' ' " 'i
for
National
were:
With SEC—
245,000 shares ($1
The company on
.;
They
l%s;
burgh,
Co., Lima, Ohio—Files
sale.
the
at
of
for
Central
company
received
were
Cleveland, 99.50 for l%s; Salomon Bros. & Hutzler,
Peoples First National Bank & Trust Co. of Pitts¬
99.11 for l%s; Harris, Hall & Co. (Inc.), 99.05 for l%s; and
National Bank of Cleveland, 99.90 for 1%3.—V. 164, p. 1255.
Bank
99.41
Wash.—-Registers
bids
other
Five
Philadelphia plan and
BOVo of the cost of 750
the
exceeding
proceeds will provide not
50-ton all-steel gondola cars.
City
under
issued
being
are
the
'
,
-
.
certificates
The
new
?
►
' •" '
above.—V. 164, p. 1128.
Corp.
-
.
Sept. 27 filed a registration statement with the SEC
par) common. Underwriter, Auchincloss, Parker
& Redpath, Washington, D. C.
Price, $7 a share. Proceeds will be
used for payment of various expenses, repayment of bank loans, pur¬
chase of equipment and for working capitah
V-M'v
The
West Ohio Gas
See First York
'
■
"White
j
•
930,905
193,130
:'L
,,;,
•
,
Inc., Seattle,
Coast Airlines,
West
^
1254.
p.
20,550
907,061 •
923,922
159,134 s ' 178,912 v'
.107,995 f 80,171
failwayi-—983,689 1
108,177
oper. income
40,413 :.v
railway.——-,
from
1943 v
$118,782
1944
$101,723 if
for
from
Net
>
•'
Prom Jan. 1—
Gross
1368.
P.
V-.j i 1945
$150,669
119,856
24,596
19,448
16,397
15,021
railway---
from
v
»
1946
August—
Gross
*
'
1213.
V:V-:',-'.- .V.-'
originally
company
Co.; and F. S.
Corp.; Alfred O'Gara & Co.; Thomas &
Yantis & Co.,'Inc.
'
application to list these
an
■.
proposed to issue warrants to class B
stockholders of record on Sept. 16, 1946 for the right to subscribe
to these additional 3harcs on the basis of one new share at a price
of $10 per share ior each seven shares held.
It had been expected that the rights would be issued and traded on
Oct. 1, and would expire at 12 o'clock noon, Nov. 9, 1946.—V. 157,
The
are to be offered at market (approximately) $14.50
Proceeds will go to W. Edward Upson, the seller.—V. 162,
share.
per
shares.
additional
Shares
Buffalo.
».
recently approved
had
Exchange
The
Lockport, N. Y.—Files With SEC—
Company on Sept. 20 filed a letter of notification with the SEC for
ISO shares of common stock (par $10).
Underwriter, Hamlin & Lunt,
Upson Co.,
Monday, October 7, 1946
/
& FINANCIAL CHRONICLE
THE COMMERCIAL
-1768
per
Co.—Split-Up Proposed—
Oct. 8 will vote on a
proposal to change tha
value of the prior preference and common stocks from
share, 10 new shares to be issued in exchange for
held.
It
on
;
is
...
.......
proposed to change the
'
preference stock, par $100,
stock, but with a par value
shares
of
value.—V.
common
stock,
163, p. 1204.
$100 to $19
each shara
\
present 8,822 shares of $5 cumulative
into. 88,220 shares of the same
class of
of $10 per share, and to change the 11,009
par $100, into 110,000 shares of $10 par
[Volume 164
-
Number 4531
THE COMMERCIAL & FINANCIAL CHRONICLE
;
State and
"ft : f
1769
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
ARKANSAS
?, Fairhope, Ala.
Bonds Offered for Investment—
X
An issue of $345,000 Vk% natural
anticipation
bonds is being offered for public
subscription by Marx & Co., of
Birmingham. Dated Aug. 1, 1946.
system
gas
revenue
Denomination $1,000. Due Aug. 1,
as follows: $5,000 in 1949, $6,000 in
1950, $7,000 in 1951, $8,000 in 1952,
$9,000 in 1953, $10,000 in 1954 to
1958, $12,000 in 1959 to 1961, $14,000 in 1962, and $15,000 in 1963
to
1976.
in
Callable
whole
in
or
part in inverse order, from surplus revenue only on or after
Aug. 1, 1951, on any interest date
on
30 days' notice at." 103% and
accrued interest; redemption priv¬
ilege not limited to surplus rev¬
enue after Aug. 1, 1956. Principal
and interest payable at the Mer¬
chants
National
Bank,
Mobile.
Legality to be approved by Chap¬
An issue of $405,000 3%% natural
system
anticipation
bonds is being offered for public
subscription by Marx & Co., of
Birmingham. Dated Aug. 1, 1946.
Denomination $1,000. Due Aug. 1,
as follows: $7,000 in
1949, $8,000 in
1950, $9,000 in 1951, $10,000 in
1952,
1954,
1956,
revenue
1958
$11,000
$13,000
$15,000
to 1974,
and
1976.
in
in
in
in
1953, $12,000 in
1955, $14,000 in
1957, $16,000 in
and $17,000 in 1975
Callable
Drainage
Districts (P. O. Blytheville), Ark.
in
whole
or
:
|
$70,000 refund¬
ing bonds offered for sale on Sept.
28, were awarded to the First
Bank
of
Sitka,
3s. Dated Nov.
Denomination
$1,000.
1946.
1,
These
in
bonds
1948
to
as
due
are
1963.
Nov.
on
Interest
1,
payable
-M-N. The next highest bidder was
the Channer Securities Corp., of
Chicago, for 3 y4S.
Sub-Dist. No.
?
Treasurer,
bonds
ment
Grassy Lake and Tyronza Drain.
Dist. No. 9, bonds Nos. 12 to' 406.
Dated Jan. 1, 1944. Due Jan. 1,
1949
1969.
to
Bonds
surrendered
of Nov.
in Phoenix:
1
<
l
.
:
bonds, dated Nov. 1, 1922,
41 to 45, and 51 to 60
numbers
all inclusive.
.
,
,
Water
works
extension
bonds,
dated
Jan. 1, 1925, numbers 81
230, 236 to 447, and 499 to 475
to
all inclusive.
•
Interest
cease
as
on
all above bonds will
of Nov.
Mohave
1, 1946.
f.
■
County (P. O.
Kingman), Ariz.
;
Bond Call
by
William
Treasurer,
bonds
ment
;
—
are
as
of
We
T.
are
informed
Brooks,
1hat
the
State
following
being called for
pay¬
Nov.
1, at his office
in the Capitol
Building, Phoenix
Road bonds, dated June
1, 1920,
numbered from 201 to
213, 216 to
220, 221 to 240, 241 to 260, 261 to
267, 269 to 279, and 281 to
300, all
•<v,'.
'■
Hospital bonds, numbered from
56 to
80, inclusive. Dated June 1
inclusive..
1920.
■■■;■' ;/:■
.
,V;
;
Anderson-Cottonwood
numbered
from
51
Los Angeles), Calif.
Bond Sale—The $350,000 bonds
offered for sale
recently,
were
These
District, Cat.
Bond
voted
tion
Board
unanimously to call
of
check
for
of
the
to
Angeles County Sch. District
O. Los Angeles), Cal.
(P.
Bonds Authorized—Leda Doug¬
lass, School Bond Clerk, has ad¬
vised
that
bonds
the
voters
amounting
election
held
to
would
agency
Fallbrook
the
on
1
On
$140,000
District
Aug. 9
Baldwin
Park
O11
Aug.
13
Culver
:
cut
sell
the
bonds
didi not
as
The.
directors, sit f
board of equalization,
a
proved
at
assessed valuation in two
instances. The Bureau of Reclama¬
revenue from
higher than
the
election
Sept. 17.
Monterey County (P. O.
\
:
Salinas), Calif* \
Bond
Co.,
for sale
awarded
to
C.
••
Oakland.
of
Oct.
1,
White
&
on
N.
Dated
Oct.- 1,
1949. Denom. $1,000. These bonds
are
due on Oct. 1, as follows:
$2,000 in 1947 to 1951, and $1,000
in 1952 to 1966. The next highest
bidder
the
Security
Bank, Pacific Grove.
Dated
was
Oct.
1,
1946. Due
$7,600,000 in
collection
would
approxi¬
new revenue.
The new revenue
pile will also
augmented when results of a
recently
and
Note
Sale—An issue of $1,000,000 tax notes was offered for said
on
Sept.-10 and
.
enacted
new
that
for.,theiiscal
30
of'the
first monies
col¬
Los
Oct.
also disclosed
from previous busi¬
year
Bond
Election Voided
Clerk of the Board of
that
State
Addie
J.
on
suance
of
$1,000,000
and
Civic
bonds.
.
be
the
furnished
without
successful
certified
bonds
bidder.
check
for
charge
stricken
general
from
is
It
—
the
the
a
1%
of
the
for, payable
Supervisors.
to
the
,
Los
ballot
at
Memorial
Auditorium
v
Los
School
the
November:
District
(P.
O.
Kennedy,
Angeles), Calif.
voted
held
down
at
Aug. 6.
on
a.m.
on
the
bonds
election
wasi^
held
ovu
Sept. 27.
Los
Angeles County Sch. Dists.
(P. O. Los Angeles), Cal.
Bond Offering—J. E. Moroney^
County Clerk, will receive sealed
bids
until
the
purchase
bonds
bear
10
Oct.
8, for»
following;
$230,000 tqh
the
Baldwin
Due
School
Nov.
1*
$5,000 in 1947 to
$10,000 in 1957 to*
1965.
.
interest:
Park,
bonds.
follows:
; 1956, and
.
on
of
amounting to
exceeding 5%
District
.
a.m.
not
$140,000
-
•
90,000 West Covina School Dis-trict bonds. Due $5,000 Nov»
-1,' 1947 to 1964.
•
Dated Nov. 1,1946.
bonds
Denominatidn,!
check * for
bid
for,
a
of
3%
payable
?
the&
to
the>
Chairman of the Board of Super<-
;
Los
f.
;
Angeles County,- Sunshine
Farms
County Water Dist.
CP. 0. Los Angeles),. Cal.
Defeated—An
Bonds
$37,000
water
system
issue
bonds
of
was
advised
construction
W.
Counsel,
County
that
has
the
latest
•;
~
semi¬
Bond
O.
Bakersville),
Juvenile
Detention
Home Construction bonds.
Offering—R.
J.
Cal.
2,600,000 County - Museum and
Exposition
Park -Additions
Veon,
County Clerk, will receive sealed
bids until
the
11
a.
purchase
m.
of
on
bonds.
Oct. 7, for
$4,000
400,000
Dec.,
school
■"=.'
will
bonds
be
sub?»
elecion in November.
At the samet
time the ballot will carry the pro¬
posal to have the above Authority
annexed >
Water
to
v
the
Metropolitan*
Cali¬
District of Southern
fornia,
■
*
Stanilaus
County, Prescott School
Dist. (P. O. Modesto), Cal. >
Bond Offering
C. C. Eastin,
County Clerk, will receive sealed
bids
until
the
purchase
2
p.m.
of
on
Oct.; 15, for
$20,000
school
bonds, to bear not exceeding 5%,
interest.
Dated
Nov.
1, 1946. De¬
Exhibition
4,600,000
Incinerator
tion
bonds.
Principal and inter¬
payable at the County Treas¬
urer's' officd.' Enclose a certified
and
.
;
Land
; ing
.;
Land
:
'
Construc¬
Acquisition
_.
.■•
payable at the County Treasurer's
office.
for 5%
Enclose
a
certified
check
of the bonds bid for pay-;
Greater Beach Park
able to the Chairman of the Board
Acquisition and BuildConstruction bonds. t - - of Supervisors. y v:
8,200,000
of the bonds bid
for, payable to the County Clerk.
by
Building and nomination $1,000. These bonds are
Park Landscaping bonds.
due $1,000 from Nov. 1, 1947 to
1,275,000 Art Institute Building
1966. Principal and interest (M-N)
> Construction bonds.
bonds, to bear not exceeding 3%
interest.
Dated * Sept.
3, "1946.
Denom. $1,000.
These bonds are
[check for 10%
1
stated
mitted to the voters at the general
.
2,000,000
County, Red Rock Sch. Dist.
(F.
is
Acting Secretary of the Au¬
thority that $2,000,000 pipe linci
Harold
—
Election—It
Bond
the
County (P. O.
Angeles), Calif.?:
Defeated
/
est
,
State Treasurer, will receive
11
Cal.
construction
at
be
Angeles
Bonds
Gallatin
Kern
by
City
V Bond Offering—Chas: G. John¬
son,
500,000
ratified
Supervisors, VisorS.:^%;
in
were
election
due in 1949.
sealed bids until
Angeles),
multiples of Y4 of 1%. Enclose
$32,000,000,
.election
bonds that
to
Enclose
bid
Board of
stated
California (State of)
p
Interest
••;'
the
Clerk, that at the general election
in November, the voters will be
asked to pass on the proposed is¬
Building
Los
certified
Aug. 30 the Board adopted
following bonds
aggregating
Bond Sale—The $50,000 bonds
Oct.
1947 to offered for sale
recently,
were
Jones,
4.
due Nov.
are
1971.
Los
Burhank, Calif.
Mrs.
Oct.
on
was;
elec^.,
an
1, in $19,000,000
county courthouse and defeated at the election held bit
payable office
building; $5,000,000 county Aug. 20, lacking tile necessary?
Principal and interest (M-N) pay¬ jail; $2,000,000 juvenile hall favorable majority to carry.
able at the County Treasury.
A center, and $6,000,000 refuse in¬
San Diego County Water Author*?
satisfactory legal opinion approv¬ cinerators bonds.
These are the
ity (P. O. San Diego), Calif.,
ing the legality of the bonds will
to.
.
is
issue
$1,000. Rate of interest to be iqfc
order that the
an
-
Election—It
Held—An
Bonds Voted—An issue of $!,-»
$1,810,479 the
Angeles County (P. O.
Angeles), Calif.
;,
Sch.
Angeles County, Inglewood
Elementary Sch. Dist. (P. O.
that ended June
from
up
as
official returns show that the fol¬
follows: $2,000 in
1951, and $1,000 in 1952 to< 1966. awarded to the Bank of America lowing bonds
amounting .to $43,Bidders; will vlbe -permitted
to National Trust & Savings Asso¬
075,000 were defeated at the elec¬
specify different rates of interest ciation, of San Francisco, as 2y2s,
tion held on Aug. 6:
for different maturities. Prin. and at a
r;
price of 100.78, a basis of
int. payable at the County Treas¬ about 2.418%. Dated Oct.
1, 1946. $19,000,000 Court House and Of¬
fice
ury. A
certified check for 10% Denom. $1,000.
Building
Construction
These bonds are
of the bonds bid for, payable to due Oct.
bonds.
*
1, as follows: $2,000 in
the Board of Supervisors, is re¬ 1947 to
5,000,000 County Farm Jail Con1956, and $3,000 in 1957
V
struction bonds.
.1:
quired.
'•
to 1966.
•
Bond
held
as
stated by Sue B.~
Rankin;; Deputy
1,
Dated Nov. 1, 1946. Denom. $1,000.
bonds
Election
are
Los
Salinas), Calif.
Sale—The $130,000 school
on
.
Los
professional license taxes
were
Greenfield Union Sch. Dist. (P.O.
Bond
Citrus
$400,000 construction bonds
tion
;
tax
previous .^ear to $2,062,495.55.
lected from the 1946/47 tax levey,
bonds offered for sale
County,
V
.
; • \y
..?
submitted to the voters at
Clerk
31, 1946, and
able out
Bond
of
c
revenue
ness and
said to be pay¬
.
tax
compiled.
Bank, of Los An¬
geles, at 0.48%, plus a premium of
$8.93. These notes mature on Dec.
are
fabricators'
professional
The: City
awarded to
was
California
on
1
annual
source
be
the
"
.
-
M-N,
Sale—tThe $25,000 school
bonds offered
were
■
may run
originally esti¬
this
.
County (P. O.
Fresno), Calif. 1,
1947
Aromas Joint Mmion Sch. Dist;
increase)
on
were awarded to a syndicate com¬
posed of Blyth & Co., of San Fran¬
cisco, C. N. White & Co., of Oak¬
until Dec. 1. The Board asked At¬ land, and Hannaford & Talbot, of
San Francisco, as 2s, at a price of
torney L. C.Smith to make
100.30, a basis of about 1.96%,
changes in the document and
the bureau.
source
mate
latter would leave the Dashboards
in its irrigation dam at
Redding
it to
this
was
from
Fresno
'
Angeles
School
Dist. (P. O. Los Angeles), Cal.
;
days (some experts expect them
to
ap¬
held
.
.v-v
If sales tax collections continue
for the remainder of the
year at
the average set for the
first 50
1956,
was
Covina
District bonds.
mated.
-
the
tion presented a proposed contract
to the District under which the
system bonds
16 ^ C;
Aug.
West
.
City Clerk's total was com¬
piled after the first official col¬
Cal.,
sewer
School.
V.
On
$90,000
lection; of the^city sales tax had
been made
and
indicated that
$75,-
000
,
.
City
District bonds.
The
$
Sanitary District,
School
bonds.
$300,000
Los
at
following
closed.
as
Bonds Voted—An issue of
elec¬
an
private concern'if the Dis¬
tiling
Oct.? 1,
authorized
$530,000
dates:
the
May 11 to June 30, a report from
City Clerk Walter Peterson dis¬
Denom. $1,000.
due
are
$15,000 in 1947 to
$20,000 in 1957 to 1966.
and
refinancing the District
according to press reports. The
a
bonds
follows:
Election—The
for
debt
80
inclusive .,''«•••
t .*;«'• ••.
Interest on all above bonds will
cease as of Nov. 1, 1946.
: :
-
:
to
Los
Veon,
000,000—The city's new y2 of 1%
municipal sales tax produced $1,055,000 in new revenue for the
first 50 days of its operation, from
1,1947 to 1970.
Dated Oct, 1,1946.
Irrigation
Directors of the above District has
Refunding bonds, dated May 1
1935,
$25,000 Oct.
maturing after Jan. 1,
awarded to a syndicate composed
Coupons payable on or be
fore that date should be detached of Blyth & .Co., Security-First Na¬
and presented for payment in the tional Bank of Los Angeles, R. H.
usual manner. Interest ceases on Moulton & Co., William R. Staats
Co., and Redfield & Co., all of Los
date called.
Angeles, as 2y4S, at a price of
101.18, a basis of about 2.126%.
CALIFORNIA
State
1, at his office
due
are
1948.
informed
are
Brooks,
J.
Income Exceeds $1,*
Enterprise School District (P. O.
These
that
the
following
being called for pay¬
are
as
Park
We
certified
These bonds
pre¬
T.
R.
—
bonds Nos. 14 to
bonds Nos. 6 to 139.
■
—
Offering
'
Flagstaff, Ariz.
William
Bond
10%
Francisco, William R. Staats Co.,
bonds bid for, payable
and Redfield &
Co., both of Los
County Clerk.
Angeles, as 2V4S, at a price of
v;
% Sub-Dist. No. 4 of Grassy Lake
101.76, a basis of about 2.067%.
Los Angeles, Calif
and Tyronza, Drain. Dist. No.
9, Dated Oct. 1, 1946. Denom. $1,000. ; Sales Tax
sent
Bond Call
County, Vaughan Sch. Dist.
O. Bakersfield), Cal.
(P.
These
1 of Carson Lake
ARIZONA
by
bonds.
—
Drain. Dist. No. 9,
trict
-Sitka, Alaska
1929
.
to
A Bond Sale—The
of
Kern
$800,000
Improve¬
-
his
^
Act
Harbor
bonds are the balance of the $2,It is stated by El¬
County Clerk, will receive sealed
Sartain, District Secretary, 500,000 issue, of which $1,700,000 bids until 11 a.m. on Oct. 7, for
the
hat the following refunding bonds bonds Were sold on Sept. 24.
purchase
of
■
$5,000
school
are
bonds, to bear not exceeding 5%
being called for payment on
Compton City School District
Jan.
interest. Dated Sept. 3, 1946. De¬
1, 1948, at 102 V2% of the
(P. O. Los Angeles), Calif.
nomination $1,000. These, bonds
principal 'amount of each bond,
Bonds Sold—The $600,000 bonds
are
due $1,000 in 1947 to
together with accrued interest to
1951.
offered for sale
recently, were
date called, at the Union Planters
sold to a syndicate composed of Principal and semi-annual interest
National Bank & Trust Co., of
payable at the County Treasurer's
Blyth & Co., Security-First Na¬
office. The bonds will be sold for
Memphis, or
at
the
American tional Bank of
Los Angeles, R. H.
National Bank & Trust Co., of
cash only and at not less than
Moulton & Co., all of Los An¬
par
and
accrued interest. Enclose a
Chicago:
;/■';■
gles, American Trust Co., of San
Bond Call
inverse order, from Reconstruction Finance Corpora¬
surplus revenue only, on or after tion holds $308,000 of bonds of the
Aug. 1, 1951, on any interest date, District at 4% interest. Stranaon
30 days' notice at 103^ and han, Harris & Co. has offered to
accrued interest; redemption priv¬ take the securities for 3%.
^
5
W. E. McCabe, Chairman and
ilege not limited to surplus rev¬
enue after Aug. 1, 1956. Principal
Director Howard Duncan, previ¬
and interest payable at the Mer¬ ously objected to
calling an elec¬
chants National Bank, Mobile, Le¬ tion,
but both
said
they had
gality to be approved by Chapman changed "their minds when W.
C. Worthington, RFC official, said
Cutler, of Chicago.
ALASKA
Francisco
liott
in
part
for the purchase of
ment
coupons
Foley, Ala.
Bonds Offered for Investment—
gas
17,
San
County
for payment should have attached
& Cutler, of Chicago.
man
Mississippi
THE COMMERCIAL & FINANCIAL CHRONICLE
1770
4 Vz% series
that mature on and after redemp¬
Geneseo, III.
Of*
Bonds Voted—An issue of $150,- tion date."
B, Territory of Hawaii public im¬
4
v
[<&■ v
000 hospital bonds was approved
provement bonds of 1926, Nos. 1
v
Coupon bonds registered as to
to 1805, are called for payment on at the election held on
Sept. 16. principal should be accompanied
Oct. 15. Dated Oct. 15, 1926. De¬
Iroquois County Community High by proper instruments of assign¬
nomination
$1,000. These bonds
ment and transfer in cases where
School District No. 250 (P. O.
are due Oct. 15, 1956, optional on
*
payment to anyone other
thap. the
Watsekd), 111.
—100.00 Oct. 15, 1946. On and after date
"fft
Bonds Publicly Offered—An is¬ registered4owner is >tdesired..
called the Territory of Hawaii will
Interest ceases on date called. ;:U
sue of $213,000 2% building bonds
':''::':k-"Fort, MyerMfFld.,
V v %\
,c'J y.^ % ,v\ b & •; .1 f t
f, ->
y'y
'
^
pay,
either at the Territorial is
Certificate
Sale—The $275,000
being offered for investment by
Munster School Town, Ind:
Treasurer's
office
in
Honolulu, Ballman &
utility revenue certificates offered
Main, of
Chicago.
Bond Offering—The Board of
Oahu, T. H., or at the Bankers
in
for sale on Sept. 30, were awarded
Dated Oct. 1, 1946. Denom. $1,000. Trustees will receive
sealed bids
Trust Co., New York City, the
These bonds are due on Jan.
to the Milwaukee Co., of Milwau¬
1, as until 7:30 p.m. on Oct. 30, for the
principal upon presentation and follows:
kee, at 23/4S, at a price of 98.018,
$3,000 in 1956, $20,000 in purchase of $65,000
building bonds
surrender of said bonds accom¬
1957 to 1960, $21,000 in 1961 to to
a
basis of about 2.875%.
Dated
bear not exceeding 3 % % inter¬
panied by all appurtenant cou¬
Oct. 1, 1945. These certificates are
1963, $22,000 in 1964 and 1965, and est. Dated
Sept. 1, 1946. Denomi¬
pons maturing after said date, and
due on Oct. 1, as follows: $3,000
$23,000 in 1966. Principal and in¬ nation
r.$1,000. These bonds are
the interest accrued thereon upon
terest (J-J) payable at the Amer¬
in 1948, $8,000 in 1949, $9,000 in
due July 1, as follows:
$10,000 in
presentation and surrender of any ican National Bank &
1950 to 1965, and $24,000 in 1966
Trust Co., 1947 and
1948, $11,000 in 1949 to
matured coupons. Interest ceases
of Chicago.
to 1970. Interest payable A-O.
Legality to be ap¬ 1951, and $12,000 in 1952. Rate
on Oct. 15, 1946.
proved by Chapman & Cutler, of of interest to be
in multiples of
Fort Pierce, Fla.
Chicago.
V\ of 1%. Said bonds are being is¬
Certificates Purchased—An is¬
IDAHO
sued subject
to approval as to
Park Ridge, III.
sue of $500,000 municipal electric
Franklin Independent School
Bond Sale—The $100,000 munic¬ legality by Chapman & Cutler, of
plant
revenue
certificates was
District, Ida.
ipal garage and fire station bonds Chicago, such opinion to be furpurchased recently by Thomas M.
Bonds Voted—An issue of $13,- offered for sale on
Cook & Co., of West Palm Beach.
Sept. 24, were nishdd tp; the successful bidder
purchase bonds awarded to the First National at, the expense of the Town. I^p
These certificates were sold as 500 school site
Walter, Woody &
Heimerdinger,
City Clerk that at the elec¬ J. M.,Dain & Co., ,V
tion held on Aug. 20, the follow¬
Dolphin & Co.,
ing bonds aggregating $1,150,000 Atwill & Co., and
were defeated: $480,000 recreation
Thomas & Co., jointly,
For $625,000,and
buildings; $400,000 street improve¬
ments;
$445,000 sanitary
sewer
$485,000, 3y4s
Torrance, Calif.
Bonds Defeated—It is stated by
,
the
.
and drain installations, and
000
police
$185,department
fire
and
bonds*
:
COLORADO i
Garfield County, Union High
Sch. Dist. (P. O. Rifle), Colo.
Bonds Voted
held
At
—
election
an
6, the voters are
said to have approved the issuance
of
Sept.
on
$209,000 construction bonds by
small margin.
a
Larimer
/
County
(P.
O.
Fort
Collins), Colo.
Bond
Election
of
issue
An
—
$150,000 court house and jail con¬
struction bonds will be submitted
5.
Nov.
on
.
,
An
—
,,
issue
of
$150,000 court house and jail con¬
struction bonds will be submitted
to the voters at the
general elec¬
tion to be held in November.
'
:
bonds
Sold
The
following
purchased recently by
were
Boettcher
—
-
&
Co., * and
Peters,
Christensen, both of
Denver, jointly;
Writer
&
$14,000 1%% building bonds. Due
$7,000 Sept. 1, 1947 and 1948.
216,000 1%% building bonds. Due
Sept 1, in 1949 to 1956.
.
Dated Sept.
<M-S)
payable
Treasurer's
at
office.
-
the
an
Aug.
payable
5,
are
limited
ad
against
all the
from
taxes
on
un¬
levied
'
taxable
property
in the District. Legality approved
by Myles P. Tallmadge, of Deliver'.
CONNECTICUT
New
Haven,
Conn. *
Bonds Authorized—It
is
stated
Invited
Tenders
—
It is stated by John
C. Ferris, City
Manager, that the city will receive
offers for the purchase of approx-1
imately $125,000 electric revenue
rate
Cecil J. Marlowe, City Con¬
troller, that the following two is¬
sues of bonds
aggregating $684,000,
authorized this
were
bty the
Finance: $534,000 Gen¬
Public Improvement No.
11,
$150,000 Veterans Temporary
eral
and
of
2%
annum,
per
payable
11
Certificates Validated—On Sept.
,19, the State Supreme Court vali¬
dated the
$150,000 electric power
ized
certificates
March
on
tion
on
is
scheduled
now
Oct.
for
8
the proposed issuance of $280,-
000
follows:
$100,000
street
right-of-way;
$100,000
water system;
$65,000
sewerage
system
and
disposal
plant, and $15,000 electric system
21,
by
the
•
City
divided
bonds,
Daytona Beach, Fla.
bonds
Sept. 30,
dicate
offered
wore
for
awarded to
sale
a
on
syn¬
composed of John Nuveen
&
Co., of Chicago, Equitable Se¬
curities Corp., B. J. Van Ingen &
Co.,
of
New
York, Stranahan,
Harris
&
Co., Inc., of Toledo,
Leedy, Wheeler & Co., of OrJando, Clyde C. Pierce Corp., of
Jacksonville, v- Merrill
Lynch,
Pierce, Fenner & Beane, of New
York, Ranson-Davidson Co., Al¬
len
&
Davis
Co., of New York, Welsh,
Co., of Chicago, Robert
&
Hawkins & Co., of Boston, T. Nel¬
son
O'Rourke,
Beach,
and
Inc., of Daytona
McDonald-Moore &
Co., of Detroit, at
a
a
price of 100.01,
net interest cost of about
3.06%,
follows:
for $945,000
maturing
1, $25,000 in 1951 to 1954,
$35,000 in 1955 to 1958, $40,000 in
1959 to 1961, $45,000 in 1962 to
1966, $50,000 in 1967 to 1971, $55,as
June
000
in
1972 and 1973 as
3s, and
$165,000 maturing $55,000 June 1,
1974 to 1976, as 3^4s. Dated June
1, 1946. Denomination $1,000. The
next highest bidder
was;
Shields & Co.,
Stroud & Co.,
Miller, Kenower & Co.,
Robinson-Humphrey Co.,
Herbert J. Sims & Co.,.
y,'
.
.
Community High School
-District No.
as
construction
Brown
the
bonds
Bond Election
The following
totaling $2,600,000 will be
bonds
submitted
—
the
to
voters
election to be held
at
the
Oct. 29: $1,-
011
school improvement; $1,county sanitary
sewage
250,000
house;
$150,000 office building, ahd $50>000 library building bonds.
$150,000
court
Fulton
,
Bond
County (P. O.
Atlanta), Ga.
Validated
Aug. 14, was
declared valid on Sept. 9, by A. L.
Etheridge, County Superior Court
Judge, overruling objections of
indicated
that
Attorney Alexander would
appeal the decision to a higher
court.
The
case
decided
on
the above
date hinged on a conflict between
a
provision of the
stitution
and
amendment
County.
and
on
amendment
State Con¬
constitutional
affecting only Fulton
Both
the: local
passed
new
a
the
the
Constitution
amendment
same
required
day.
that
-
was
The
bonds
could only be voted by two-thirds
of a majority of the qualified vot¬
on
sold.
.
These
bonds
had
will
consid¬
be
certified check fqr
J-J. The next highest bidder was'-J
the Rush County National Bank,
been
offered
contingent upon their ap¬
proval at the Nov. 5 general elec¬ Rushville, for l^s, at a price of
100.50.
tion.
County Community Highr
Alten
$241,000 1%%
County fP< O. Fort
Wayne )+Ind*
Election—An
Bond
issue
::
•;
Wayne Township Sch. Twp.
(P. O. Indianapolis), Ind. »
Purchasers—In connection with^
INDIANA
the sale of the $325,000 construc¬
tion
bonds
to
Raffensperger,
of
voters at the election to be held
Main, of
in November.
100.22, a
basis of about 1.73 %. Dated Aug.
.Bedford, Ind.
15,
1946.
Denomination
Bond Sale Details—The $20,000
$1,000.
These bonds are due Dec. 1, in fire
equipment bonds awarded on
1951 to 1965.
Aug. 16 to Raffensperger, Hughes
and Co., of Indianapolis, —v. 164.
Canton, 111.
p. 1129—were sold at a price of
awarded
to
Ballman
Chicago,
at
a
price
of about 1.215%—v.
&
it is
of
Additional
Information
stated by
It is
—
the City Clerk that
sewer
main
improvement bonds sold to Quail
& Co. of
Davenport, as 2%s, as
here, were purchased at a
noted
price
of
mature on
in 1969
and 1970, and $20,000 in 1971; op¬
tional on Nov. 1—$5,000 in 1949
to 1955, and $35,000 in 1956, giving
a basis of about 2.47%.
Interest
Nov.
1
102.00,
as
and
follows: $25,000
payable M-N.
school
bonds
chased recently; by
&
Co.,
as
Allamakee
sale
Bank,
100.26.
Oct.
on
the
First
Elkhart,
of
at
Dated July 1,
a
2!/4s, at
a
issue
was
57
of
pur¬
Halsey, Stuart
price of 101.-
072, a basis of about 2.14%. Dated
June 1, 1946. These bonds are due
June
1, as follows: $7,000 in 1948
to 1955, $15,000 in 1956 to 1964,
$14,000 in 1965, and $15,000 in
1966. Legality approved by Chap¬
man & Cutler, of Chicago.
with
$100,000
,
S
County
hospital
general
to
'
issue,
bonds
the
election
voters
be
to
v'.i
(P. O.
Election—An
submitted
i, were
National
price
the ;;
in the purchase df
"Waukon),' la.
Bond
Bond Sale—The $150,000 build¬
ing,,.sewer and street bonds of¬
to
associated
were
•IOWA
of
will
be
in
■ ■
>
■;
Henry -County (P. O. Mount'
of
!
.
the
at
held
November.
^
f
Pleasant), la.
1946. These
Bond
are due on July 1, 1951. The
highest bidder was Fletcher
Trust Co., Indianapolis, at a price
bonds
Bonds Purchased—An
$220,000
nati,
Elkhart, Ind.
for
1255—^
p.
Indianapolis,^
above company
the bonds.
July 1, 1947 to Jan; 1, 1957.
awarded
164,
stated that Kenneth f3,,
& Co., of
Mullaney, Ross & Co., of Chicago, j V
and Fox, Reusch & Co., of Cincin- ^
101.283, a basis of about 1.009%.
Dated Aug. 1, 1946. These bonds
are due on Jan. and July 1, from
fered
now
Johnson
Iff K
County
next
sealed
Offering—J.
Treasurer,
bids
until
10
P.
will
a.m.
33rown,
receive)
Oct.
on
8, for the purchase of $75,000 hosV;
of 100.017.
pital bonds. Bonds and attorneys'
opinion will be furnished by the
County. A certified check for 2%
Indianapolis School City (Pi O.
Indianapolis), Ind.
-
■
Notes Sold—It is stated by the of the amount of bonds offered^;
Secretary of the Board of School •payable to the County Treasure^
Commissioners, that $400,000 tem¬ is required.
porary
loan notes were offered
Jesup Consolidated Sch. Dist*.
Sept. 24 and were
(P. O. Jesup), Iowa
.i.:.
syndicate composed
Bonds Voted — It
is reported^
of
the
Union
Trust
Co.,
the
that the voters approved recently ;
Fletcher Trust Co., the Indiana
the issuance of $75,000 construe- <
National Bank, the American Na¬
j
East Side Levee and Sanitary Dist.
tion bonds.
t. -i
tional Bank, the Indiana
Trust
(P. O. East St. Louis), III.
Co., and the Merchants National
Lohrville, Iowa
j -Ivd!
Bond Offering—Charles E. MelBank,
all
of
Indianapolis,
at
Bonds Voted
An issue of
$10,-1;
vin, Clerk of the Board of Trust¬ 0.75%. Dated Oct. 2, 1946. Due on
000 Water softening plant
ees, will receive sealed bids until Dec.
bonds'5^
31, 1946. Payable.at the of¬ was
approved by the voters at Hae'%
2 p.m. on Oct. 10, for the purchase fice of
the Treasurer of the above
Aug, ,22 election.
of $300,000 2% storm water drain-;
for
sale
on
*■
•
awarded to
a
—
Board.
age
bonds. Denomination,
These bonds are due on
coupon
$1,000.
Dec. 1, as follows: $10,000 in 1948,
Lebanon, Ind.
Bond
Call—A.
'Newton,-■ la:\:':\[]--
\
Offering—H. J. Lammers,
City Clerk J;. will receive sealed
and open bids until 7:30 p.m. on * j
Oct. 7, for the purchase of $15,000
as
proving
to rate
or
opinion
amount. The ap¬
terest in the amount of 6%
sewer
1946.
bonds.
The
from
Nov.
bonds
Dated
are
1,
will be furnished. Enclose
fied
check for
of the bonds.
of the
of
Chapman & principal amount thereof,
plus
Territory of Hawaii, Hawaii
Cutler of Chicago, will be fur¬ accrued interest to' date of re¬
Bond Call—W. D.
Ackerman, nished. Enclose a certified check demption, upon surrender of said
Jr., Territorial Treasurer, has ad¬ for $1,500, payable to the District. bonds with all coupons attached
,
Sept. T,;;l
due $3,000 '
1948 to 1952. Bid-5
ders should specify the rate of >
interest.
Principal and interest
i
payable at the City Treasurer's of-''
fice.
The
approving opinion of ']!
Chapman & Cutler, of Chicago, j
-
ation
.'j
1 Bond
E.
Lewis, City
ers,
while the new Constitution to 1951, $20,000 in 1952 to 1956,, Clerk-Treasurer,
calls for pay¬
said that only a
majority of those' and $40,000 in 1958 to 1961. Prin-, ment on Nov. 1, out of the moneys
voting was necessary for a valid cipal and interest (JrD) payable of the electric utility revenue bond
bond issue. at the District Treasurer's office. fund, $30,000 aggregate principal
The bonds may be registered as amount of the City's 2%% elec¬
.■•'4*1'" •
Thomasville, Ga.^ly^
to principal only in the name of tric utility revenue bonds bearing
Bond Sale—The $200,000 water
the holder on the books of said Nos. 163 to 192, dated May 1,1942,
and light improvement bonds of-!
District in the office of the Dis-; maturing May 1, 1956 and 1957.
fered for sale on Sept. 24, were
; Said bonds will be paid on and
trict Treasurer. Said bonds will be
awarded to the Commercial Bank
general obligations of the District after
date
called
at
the
City
and the Bank of Thomas
County, payable from ad valorem taxes! Cleric-Treasurer's
office,
or
at
both of Thomasville,
jointly, as levied upon all the taxable
prop-} the La Salle National Bank, Chi¬
IV2S, at a price of 101.75.
erty in the District without limit¬ cago, at par, plus additional in¬
HAWAII
a
building bonds offered for sale re¬ $1,250,000 war memorial coliseum Hughes & Co., of Indianapolis, as
bonds will be submitted to the iy4s, at a price of 100.25, a basis
cently-v. 164, p. 1639 — were
The
on
was
held
County Sch. Dist. No.
(Pi O. Mt. Prospect), III.
various issues of bonds amounting
to $20,000,000 and authorized at
H. A. Alexander. It
ap¬
Cook
—
bids
about ;L14%;^ Interest ;?payabl£^te
Sept. 10—v. 164, p. 1129—were
Sch. Dist. No. 67 (P. O.
Mt. Sterling)Sill.
,
Issues
on
not
was
election
De Kalb County (P. O, Decatur), the
$70,000 water and
Ga.
III.
304,
Bonds Voted—An issue of $65,000
now
the election held
Bond Sale-—The $1,110,000 storm
Bowen
bonds.
author¬
Commission.
sewer
-
,,
Union Township School Township
(P. O. R.R. No. I, Glenwood), Ind.'
Bond Sale—The $25,000' build-i v
Whiteside County (P. O.
Bonds Voted —* An issue of
ing bonds offered for sale recent--:$525,000 construction bonds was
Morrison), III.
Bonds Not Sold — It is reported ly, were awarded to Kenneth SJ
approved at the election held on
that the $400,000 bridge construc¬ Johnson, of Indianapolis, as ltys,;
Sept. 14.
tion bonds scheduled for award at a price of 100.62, a basis otU
Bond Sale—The
Cairo, Ga.
system;
Bartow, Fla.
revenue
■
$500, payable to the School Towp.V
.
I,
Bond Election—The City Clerk
and Treasurer states that an elee*
,
FLORIDA
conditional
GEORGIA
000,000
line
■
ered. Enclose
approved at the election held Bank, of Chicago, as l%s, at a
Sept. 16.
price of 101.029, a basis of about
1.64%
The next highest bidder
ILLINOIS
was
Crummer Co., for 2s, at a
price of 101.77.
Bellwood Sch. Dist. No. S8, III.
plant and distribu¬
tion system.
year
of
Housing bonds.
f
was
quarterly, in the denomination of
proved at
$1,000 each, to be secured excluh5
July 27.
sively by the income and revenues
by
Board
>
on
certificates to bear interest at the
bonds
election held
valorem
Smyrna Beach, Fla.
New
Certificate
County
These
authorized at
a
1, 1946. Due
of its electric
X, 1946. Denomina¬
tion $1,000. Principal and interest
'
price of par. Dated Oct.
as follows: $10,000 in
1947 to 1951, $25,000 in 1952 to
1956, $35,000 in 1957 to 1961, and
$40,000 in 1962 to 1966.
2%s, at
Montezuma County High School j
District (P. O. Cortex), Colo, fiBonds
'
u?
Election
Bond
-
;
to the voters at the election to be
held
-
.
tjJfcAtfSffiMK
_
Monday, October 7, 1946_
vised that rail of the
1
•
a
certi-
2% of the amount ,:
'
V:,
Red Oak Sch. Dist. (P. O.
Red Oak), Iowa
Bonds
tion held
Defeated
on
—
At
the
•
*
elec-
'
v
'
Sept. 19, the proposal^
Volume 164
'
Number 4531
fTHE COMMERCIAL & FINANCIAL CHRONICLE
calling for the issuance of
$225,000
construction
bonds
feated, lacking the
vorable
t
bonds
Spencer, Iowa
\
Bona Exchange—M. M. Moulton,-City Clerk, has announced
that Shaw, McDermott &
Co., of
will
voters
carry.
/i
City, La.
^
;
MASSACHUSETTS
"
!
issue
An
—
at
submitted
be
'
Bond
the
to
Des
Moines, has arranged for
Oct. 29.
,
Offering
—
ceive sealed bids until 11
\
Oct.
Calcasieu Parish Sch. Dist. No. 23
(P. O. Lake Charles), La.
000
'•
9 for the
sewer
1946.
Bond Sale—The
re¬
a.m.
on
purchase of $147,-
bonds.
Dated
Oct. 15,
These bonds
Denom. $1,000.
$275,000 build¬ are due Oct.
15, as follows: $5,000
exchange of $101,000 2VZ% re¬ ing and- equipment bonds* offered
in 1947 to 1973, and $4,000 in 1974
funding, municipal heating system for sale on Oct. 1—v. 164, p. 1369-«^
"to-1976. Bidders to name one rate
revenue-bonds for a like amount were awarded to Barrow, Leary &
of interest in a multiple of V4 of
of
outstanding 3 %s.
Co., of * Shreveport, at a price of 1%,
Principal and interest pay¬
100.182, : a net interest cost of able at the Second National Bank
KANSAS
21305%, as follows: for; $63,000 ma¬ of Boston. These bonds will be
15, $15,000 in -1947; the
V7' Beloit, Kan.
•0V •' turing Feb.
general
obligation
of
the
Bonds Voted—An
issue of $400,- $16,000 in 1948 to 1950, as 2y4s, Town.; The bonds will - be en¬
and $212,000
maturing Feb.* 15, graved under the
0Q0^ municipal power and water
supervision of
plant construction bonds was
$17,000 in 1951 and 1952, $18,000 and authenticated as to
ap¬
genuine¬
proved at an election held
in 1953 and 1954, $19,000 in 1955,
re¬
ness by the Second National Bank
and 1956, $20,000 in 1957 and 1958,
cently. ':
1
of Boston and their legality
ap¬
$21,000 in 1959 and 1960, and $22,- proved
•; by y Ropes,; Gray,
Best,
Harpef, Kan,
>
000 in 196.1, as 2Vzsi Dated Aug.
Bond Sale Details
Coolidgez &
Rugg, of Boston,
in connec¬
tion with the sale of the bonds 1, 1946. Denom. $1,000. The next whose opinion will be furnished
highest bidder was the Provident the purchaser. The bonds will be
aggregating $113,000, noted here
Savings Bank & Trust Co., Cincin¬ delivered to the purchaser at the
—y.164, p. 1368—it is now re¬
ported by the City Clerk that the nati, and Associates, for $275,000 above- Bank on, or about Oct. 18,
$50,000 swimming pool bonds were 2y2s, at a price of 100.289, a basis 1946, against payment; in Boston
of about &465%;
,
✓
sold to the; First
funds.
National Bank
of Harper, as
Lafayette, La,
!
iy4s, at a price of
Bond
Beverly, Mass.
Election—It is reported
par, and mature $5,000 in 1947 to
Bond Sale—The $250,000 sewer
1956; t the $63,000 sewer bonds that the issuance of $1,700,000
the
•-.?
-
*'
■
v
Purchaser—The Town Treasur¬
er
Elizabeth W.
Hooker, Town Treasurer, will
.
on
.N;
Amherst, Mass.
(
be held
the election to
Southbridge, Mass.
•
of
$583,000 various improvement
fa¬
necessary
majority to
Bossier
Election
Bond
de¬
was
1771
.
reports
now
that
construction
sewer
Aug. 15
0.75s, at
as
the
notes
$40,000
sold
on
$1,000 from April 1, 1948 to 1975,
incl.
Interest payable A-O. Le¬
gality approved by Miller, Canfield, Paddock & Stone of Detroit.
164,
par—v.
Troy Township Sch. Diet. No. 6
purchased by the
(R.F.D. No. 4, Birmingham), Mich,
Corporation.
Due
Bond
Call—E,
M.
Schroeder,
$8,000 from Aug. 15, 1947 to 1951.
District Secretary, calls for pay¬
Interest payable F-A,
ment on Nov. 1, at par and ac¬
Wenham, Mass.
'y1 crued interest, refunding bonds
/ Bond
Sale—The $290,000 water Nos, 110 to 113, dated
July 1, 1943,
bonds offered for sale on Sept. maturing May
1, 1967, optional
26, were awarded to a syndicate on and after May 1,194.5.>
composed of Estabrook & Co.,
Wakefield Sch. Dist. (P. O.
Lee Higginson Corp., and R. L.
Wakefield), Mich.
Day & Co., all of Boston, as l^s,
Note Sale
The $35,000 notes
at a price of 101.57, a basis of
p.
1257—were
First
Boston
...
—
about 1.385%. Dated Oct.
1, 1946.
Denomination $1,000. These bonds
are due $10,000 from Oct.
1, 1948
to
1976.
The
next
highest bidder
the First National
was
offered for sale
awarded
-
to
Sept, 13, were
on
the
National
First
of Wakefield,
at
3%%.
Sept. 25, 1946. These notes
due on Jan. 15, 1947.
Bank,
Dated
are
Bank, Bos-
■>
.
,
ton; for iy2s, at a price of 101.46.
MINNESOTA
—
,
,
were
of
Wichita, at
vided
as
submitted to the voters at
election scheduled for Oct. 22.
price of par, di¬
a
follows—$30,000 as iy8s,
to 1951, and
dueJ6,000 inrj947
$33,000
iy4s, due $6,000 in 1952
1953, and $7,000 in 1954 to
and
1956.;j*
^■ '
'■
Bond
;
Wichita^ Kan,
Election
5,059,700
An
—
issue
of
civic
improvement
be: submitted to the
tha general election to
be held in November*
bonds
•
Ashland, Ky.
.
following
bonds amounting to
$450,000, to
bear not exceeding 4%
interest,
be
submitted
to
the
voters
at the general election to be held
"n November:
$150,000 flood wall
onstruction; $150,000 sewage
sys-
dm, and $150,000 street improveent bonds. Denomination
$1,000.
hese bonds
Bonds
due in
are
not
said
more
•
purchased by the
price of 100.009, a
Due
$1,000.
on
Dated
Dec.
1,
Bond
clusive.
Principle and interest
(J-D) payable at the Whitney Na¬
tional Bank, New Orleans.
Tenders
MAINE
X
I
Wanted—W.
Maine (State of)
Bonds Defeated
It
L.
nuckles, Jr., State Local Finance
ffice, will receive sealed tenders
ntil
1
p.m.
(CST), on Dec. 2,
t his office in
is
—
ported
re¬
by
Fred W. Hollingdale,
Commissioner
of
the
Treasury,
that
$3,000 in 1950 to 1956.
These
1946.
bonds
are
Interest
dated
at
Bond
chool
Sale—The
Amendment
$24,000
2%
building bonds offered
102.00, a basis of
1.41%, to maturity. Intert phyabfe M-S.
■
'
v-
•
&:A
i*
V
Silver
/
Kenton County (P. Q,
\
'
'
•».,"*
-
/•' Covington), Ky,
;
Election—The following
issue proposals
aggregating
1,250,000 will be submitted to
he voters at the November
genral
election: ?; $1,000,000
court
and
ouse
or■'
boys.
$250,000 county home
'
_
*
,
* y1
»
'
r~
\
.:
*>
*.
Bond
caiia
No.
I" '
&
Trust
Co.
of
Montgomery
County, of Rockville, as previous¬
ly noted in v. 164, p. 1256—were
sold.as l%s, at par. Other bids:
/•
•'
Bidder
Alex.
•
"Bond
(P.
f
%
awarded
to
White,
Hattier
2.72%
a
a
net interest cost
as
follows:
for
52,000 maturing Oct. 1, $2,000 in
948 and 1949, $3,000 in 1950 to
965 as 2%s, and
$3,000 maturing
ct. 1, 1966 as 2%s. Interest payble A-O. Dated Oct.
1, 1946. De-
100.20
14,
for
$85,000
name
which
he
Dated
the rate of interest at
Oct.
purchased
by
sealed
nom.
Due
on
payable A-O.
Cambridge),
Note Sale
will
pay
at
least
par.
Mass.
The $325,000 tem¬
offered for sale on
.
porary notes
Oct. 1, were awarded to the Na¬
tional Rockland Bank, of Boston,
discount, of 0.399%. Dated
Oct. 4, 1946. These notes are due
April 23, 1947. The next highest
a
will
without
charge.
check
the bonds
Enclose a certi¬
accompany
for
$2,500.
'Village
bids
Clerk,
for
until
the
8
receive
on Oct.
p.m.
purchase
Lar¬
B.
will
23.
of
bonds.
$17,000
Dated
Oct. 1, 1946. Denominations $1,000
and $500, These bonds are due
Oct.
Atherton Sch, Dist. (P, Q,
to
1, as follows: $1,500 in 1948
1957, and $2,000 in 1958. Bid¬
ders to
These
at
name
the rate of interest.
the
are
bonds
held
election
the
authorized
Sept.
on
23.
Principal and interest payable at
any suitable bank or trust com¬
pany designated by the purchaser.
The printed bonds and approving
opinion of Dorsey, Colman, Bark¬
er, Scott & Barber, of Minneapo¬
lis, will be furnished. A certified
check for $340, payable to the
Village Treasurer, is required with
bid.
-m/
I
i
;
r"v.<* •
Lakes
Detroit
•
><
School
•
',rr
>0
y
r> -a
Minn.
Bonds Voted—The $200,000 con¬
struction. bonds w^f.e approved at
the election held on Sept. 10. ' *
Dist.,
■
Fosston, Minn.
lows: $150,000 as of Oct. 23,
and
1946,
of Nov. 23, 1946.
are
due on Feb. 1,
$150,000
These
as
notes
1947. Denomination
and form of
notes to
be at the option of the
purchaser. Principal and interest
payable at the office of the Treas¬
of
urer
the
shall
Bids
Board
be
of
Education.
conditioned
upon
164,
Minneapolis—v.
873—were awarded as
p.
1.60s, at par. Dated Aug. 1, 1946.
on Aug. 1 in 1948 to 1966. In¬
terest payable F-A.
Due
Renville County (P. O. Olivia),
Minn.
Election
Bond
$200,000
r—
hospital
submitted
the
to
the
An
bonds
issue
will
voters
,
of
be
the
at
unqualified opinion of the
Na¬
purchaser's
attorney
approving November general election.
rate of the
legality of the notes* The cost
MISSISSIPPI
of such opinion and the cost of
printing the notes shall be paid Bolivar County, M erigold S c par ate
Pitt8field, Mass,
by the purchaser. Enclose a certi¬
Road District (P. O.
Bond Sale—The $223,000 incin¬
fied check for 2% of the par val¬
Cleveland), Miss.
erator bonds offered for sale on
ue
of the notes, payable to the
Bond Sale — The $73,000 road
Oct. 3, were awarded to' Robert
District.
and bridge bonds offered for sale
Hawkins & Co., of Boston as 1Y2S,
recently, were awarded at a price
Macomb County (P. O. Mt.
at a price of 101.11, a net interest
of 100.125, a net interest cost of
cost of 1.046%. Dated Oct 1, 1946.
Clemens), Mich.
about
2.33%,
as
follows:
for
Denom. $1,000. These bonds are
Bond Sale Details—The $145,maturing May; 1, $2,000
due Oct 1, as follows: $23,000 in 000 bonds and certificates award¬ $57,000
in 1947 and 1948, $3,000 in 1949
1947 to 1949, and $22,000 in 1950 ed on Aug. 13 to Paine, Webber,
to 1951, $4,000 in 1952 to 1962,-*as
to 1956, Interest payable A-O,
Jackson & Curtis, of Detroit—v.
2y4s, and $16,000 maturing $4,000
164, p. 1130—were sold at a price
May 1, 1963 to 1966, as 2V2S. Inter¬
Somerville, Mass.
of 100.138, a basis of about 0.953%,
est payable M-N.
Other Bids—The following is a Dated Aug. 1, 1946. Denom. $1,000,
Greene County Supervisors Dist.
list of the unsuccessful bids (all Interest payable J-D.
No* 3 (P. O. Gloster), Miss.
for Is)-submitted for the $235,000
1
Michigan (P. O. Lansing), Mich; 1 Bonds .Voted — It is reported
municipal relief bonds, maturing
Bonds Called—Charles M. Zieg- that at a recent election the vot¬
from
1947 to 1951
incl., which
ler, State Highway Commissioner, ers
approved
the
issuance
of
were awarded on Aug. 23 to Tyler
has announced that various assess¬
& Co., of Boston, as Is, at a price
$100,000 industrial plant bonds.:
ment district highway improve¬
of 100.44, a basis of about 1.842%.
Harrison County (P. O.
•
ment refunding bonds amounting
—v.
164, p. 1256.
Gulfport), Miss.
'to $204,000, are being called for
Bidder
i:
Price Bid
Note
Sale—The
$4,800 school
payment on Nov. 1, at par and
Middlesex County National
accrued interest. These bonds with transportation
equipment
notes
;' Bank, Everett
,.100.356 all
offered for sale on Sept. 12—v,
coupons appurtenant thereto,
National Shawmut Bank,
should be presented to the paying 164, p. 1257—were awarded to the
:v
Boston
100.33
agent as specified in the bonds on J. S. Love Co. of Jackson, as 3s,
bidder
was
the
Merchants
a
.
..
option of the purchaser, and the
approving opinion of Niles, Bar¬
ton, Morrow & Yost, of Balti¬
Sept.
on
sealed bids until 7:30 p.m. on Oct;'
Price Paid—It is now stated by
7, for the purchase of $300,000 tax the Village Clerk that the
$44,000
1,
anticipation notes, to bear not ex¬
funding bonds sold to the Allisonceeding 6% interest. Dated as fol¬
Williams Co. of
100.315
1, 1946. Denomination Laidlaw & Co.
$1,000. These bonds are due $2,000 First Boston Corp.
100.279
in 1947 to
1956, $10,000 in 1957 to Merchants National Bank,
Boston
1962, and $5,000 in 1963. The bonds
_____100.275
will
be
delivered
in
Salisbury, Paine, Webber, Jackson &
Curtis
inn^^Q
Philadelphia or Baltimore, at the
fied
of
der to
$13,000 2s, $21,000
21,000 3s.,;>.v ' • v:-.
and
purchase
of 1946 coupon bonds. Bid-
more,
2%s,
the
sewer
omination $1,000. The next highwas Charles F.
Boagni,
st bidder
or
v
-^ W^de H. InsEgan Drain Dist. ley, Jr.,
City Clerk, will receive
Crowley), La.
sealed bids until 8 p.m. on Oct.
100.028,
-
Bank,
O.
Sale—The $55,000 public
about
Jtnfc. Rate Rate Bid
1.90%
100.18
;
Sons
Salisbury, Md,
Sanford, of New Orleans, at
rice of
■
&
.
improvement bonds offered for
ale on Sept, 26—v.
164, p. 1369—
ere
■
Brown
Suburban National
Silver Springs
Bond Offering
Parish,
J
•
Details—The $132,refunding bonds awarded on
Aug. 23 to the Farmers Banking
LOUISIANA
.
Springs); Md,
Sale
000
Bond
ond
such
Maryland-National Capital and
Planning Commission (P. O.
of
bout.
-
for
MARYLAND
Louisville,
price
providing
issuance.
for
ale recently, were awarded to thp
ankers Bond Co., of
a
bonds, by failing
ratify the State Constitutional
to
:y-,v
Oct
Middlesex County (P. O. East
at
.
Soldiers' Bonus
Daviess County (P. O.
Owehsboro); Ky.
■f.y
]
were
son,
v
the general election held tional
Frankfort, for the
Bank, Boston, at
on
urchase of $5,000
Sept. 9, the voters rejected 0.57%.
3%
funding
the proposal to issue $16,000,000
opds, dated July 1, 1940.
,
and
on
the South Range State Bank.
a basis of about 1.20%.
Sept.
1,
1946.
Denom.
$1,000.f These bonds are due Sept.
1, as follows: $15,000 in 1947 to
Dec. 1 in 1947 to 1965, in¬
.
\
6
Bond
sale
held
Dassel, Minn,
Offering—Theo.
100.365,
1945.
.
,
......
a
election
Dated
■'
connee--
basis of about 1.375%. Denomina¬
The
—
Butler Couny, Ky.
j
Sept.
for
V<
$70,approved
was
$1,000. Dated Aug. 1, 1946.
Feb. 1, in 1947 to 1951.
Prin. and int. (F-A) payable at
were
firm at
tion
Authorized
nds.
t
offered
were
,
City
Council is said to have
adopted
nd ordinance
authorizing the isuance
of
$150,000 flood wall
i
bonds
bonds to Whitem, Hattier
\
Port Hope), Mich.
Sanford of New Orleans, and 1962, and $10,000 in 1963. Interest y Bonds Voted—An issue of $100,000 construction bonds was ap¬
associates, as noted here, it is now payable M^S. reported by Fred C. Selby, City
proved at the election held on
yw
Lawrence, Mass.
Attorney, that the bonds were
Sept. 14.
Bend Sale—The following bonds
sold as 2s, are in the denomina*
Augusta,Mich*
tion of $1,000, and mature on July aggregating; $45,000,
offered for
Bond Sale—The $18,000 water
1 in 1947 to 1976, inclusive/ Prin¬ sale
recently, were awarded to
revenue bonds offered for sale re¬
cipal and interest (J-J) payable Robert Hawkins & Co., of Boston,
cently,
were
awarded
to
the
at the National .Bank\ of Com- as iy4sy-at~a price of 100.293, a
American National Bank, of Kal¬
basis*,otabout 1.195%:
merce in- New Orleans.
amazoo, and the State Bank, of
Vermilion Parish Road- District
$12,000 water mains bonds. Due
Augusta, jointly, as 3s, at a price
Oct. 1, bs follows: $2,000 in
No, J (P. Q. Abbeville), La.
of 100.834, a basis of about 2.90%.
1947 and 1948, and
; Additional
Information—It is
$1,000 in Interest payable J-J.
no\£
1949 to 1956.
reported that the $200,000
Battle Creiek Sch'.' Dist.? Mich. *
public improvement bonds sold to
33,000
first
veterans
housing
Note Offering—Lila E, Cannon,
bonds. Due Oct. 1, as follows:
White, Hattier & Sanford, of New
$4,000 in 1947 to 1949, and District Secretary, will receive
Orleans, as iy4s, as noted here last
han 20 years.
,
that
&
December,
the
at
A.
:
''
Bond Election— The
will
",yi
SoldJ\ is stated by
Kellow, District Secretary,
$30,000 coupon heating plant
hospital bonds
14,
,
will
oters., at
'
Details?—In
an
school
'v
i
Sale
Bonds
H.
000
street improvement
Oct.
on
2,
were awarded to the Beverly Na¬
tional Bank, as V/48, at a price of
tion with the sale of the $750,000
•.v^
-
Hake Charles, La,
y:\
*
Bond
as
Adams Township Sch. Dist. (P. O.
South Range), Mich,
| Benson, Minn.
Bonds Voted—An issue of
the South Range State Bank. De¬
bonds offered for sale
public improvement bonds will be
sold to the Dunne-Israel Co.
MICHIGAN
Whiting, Weeks
Second National
&"stubbsl_ 100.219
Bank,
Boston
Halsey, Stuart &
__„_100.179
Somerville National Bank,
Somerville
_100.00
*
before Nov.
date
interest
1, 1946, on which
at par.
Dated Aug. 1, 1946. Due;
Aug. 1 in 1947 to 1952,'
Interest payable F-A. Sec-;
$800
ceases.
on
incl.
•
Tawas,
Mich.
ond
Bonds Sold—It is stated by Al¬
bert H. Buch, City Clerk, that
best
after
were
sewer
extension
sold
privately as 3s,
been
offered for
having
public sale without success - on
July 8 and on July 29. Denom.
$1,000.
Dated April 1, 1946.
Due
bidder
was
the
Gulf
National Bank of Gulfport.
-
$28,000 water and
bonds
;
100.19
Co.
or
'
Hazlehurst, Miss.
Bond Sale—The $150,000
indus¬
trial
plant bonds offered for sale
recently, were awarded to a syn¬
dicate
composed of the Deposit
Guaranty
Bank
&
Trust
Co.,
of
and
Oct.
6%
1, 1946.
Town.
Interest
.
:
1956,'-and $3,000 in 1957 to 1961.
Bronxville, N. Y.
Pending
Issuance
Bond
—
The
of V\ of 1%.
$2,000,
Education; [ • : ;
Houston, Miss.
•
Rate of interest to be in
multiples
is said
resolution to
Board
Village
Details—The Town
states that the $100,000
Sale
to
,
An
—
eral election to be held in Novem¬
ber.
'
-
.
approved as to legality by
Charles
&
Trauernicht
of
St.
Dated July 1, 1946.
Louis, Mo.
;-r*
v
;
Bonds
of $40,bonds was
first
second
series
Oct.
Dated
bonds.
i
Vi
series V and * $18,000
$9,000
Nettleton, Miss.
Sold—An issue
<
*
inclusive.
Elms ford, N. Y. i
»
*
'
<
-f.i
industrial
2*4%
on
vember.
Mo.
Fulton,
call
to
Planned
Fall
this
election
an
On
t-
City Council voted
the
Sept. 19,
valid and legally binding ob¬
are
'
Election
to
M-S.
Interest payable
ligations of the Borough. A cer¬
tified check for $540, payable to
r.
j.
/• -J"
^
Ohio
/
■
$2,-
1
Chauncey-Dover Exempted Village
School District (P. O.
Chauncey), Ohio
Bond Offering—Stewart Robin-
ette, District Clerk, will receive
sealed bids until noon on Oct. 18,
for the purchase of $85,000 build¬
']
NORTH DAKOTA
,
interest.
3%
%
Denom.
due
Dated Nov, <1, 1946;
$1,000.
These bonds
are
$5,000 from Nov. 1,
1964.
now
by the District Clerk
that the $65,000 school bonds sold
to the School Land Department of
reported
1948 to
of interest to be in
Rate
multiples of % of 1%; The bonds
authorized
were
election held
unlimited
from
able
at the primary
May 7, are pay¬
on
The
taxes.
Bismarck, at par, as noted here)
approving opinion of Squire, San-;
May, were awarded as 2Vzs,x
ders & Dempsey, of Cleveland,
are
dated'July 1, 1946, and ma¬
last
ture
July 1
on
as
follows: $4,000 in
1951, and $3,000 in 1952
to 1966.; Interest payable J-J.
1947
'
Bond
(
'
•
•
Bond Election—An issue of
...w*
Bowman, Twin Butte
Sch. Dist., N. Dak.
Bond Sale Details — It is
offered
1,
1946." Denomination
$1,000. for sale on Oct. 3—v. 164, p. 1642—
These bonds are due Oct. 1, as
June 24, by a syn¬
were awarded to Tilney & Co., of
follows: $6,000 in 1947 to 1949, $5,dicate composed of the Max T.
New York,, as l%s, at a price of
000 in 1950, and $4,000 in 1951.
Allen Co., of
Hazlehurst, J. G.
Rate of interest to be in a mul¬ 100.215, a basis of about 1.46%;
Hickman Co., of Vicksburg, and
$162,000 street improvement
Walton-Hamp Jones Co., of Jack¬ tiple of % or, one twentieth of
bonds. Denom. $1,000. These
son, at a price of
100.25. Dated 1%. Principal and interest (A-O)
bonds are due Sept. 1, in 1947
June 4,
1946. ' Legality approved payable at the Hudson Trust Co.,
to 1956.'
•
;
MMt
Union City. The approving opin¬
by Charles & Trauernicht, of St.
ion of Hawkins, Delafield & Wood,
13,000 fire truck bonds. Denom.
Louis.
of New York will be furnished the
$500. Due on Sept. 1, in 1947
to 1955..
MISSOURI
'
successful bidder, that these bonds
000
purchased
'
,
.
ing bonds, to bear not exceeding
|
'
[ Bond Sale—The following bonds
amounting to $175,000 and
1
100.209.
<r
•
School District,
925,500 building bonds will be
submitting to the voters at the
general election to be held in No¬
will
registered bonds totaling $27,000,
to bear not exceeding 6% interest:
\
.
-y,iy y.' t.;v,
.yr'
Canton
;
sealed bids until 8:30 p.m. on
been
of
submitted to the voters at the gen¬
receive unable to let the contract due to on March 1, 1949 to 1966. The next
Oct. the unavailability of construction
highest bidder was Barcus, Kin¬
Dated Sept. 1, 1946.
8, for the purchase of the follow¬ materials.
dred & Co., for 314 s, at a price of
ing street assessment coupon or Due on Sept. 1 in 1947 to 1956,
$283,000 1%% and 3Vz%
construction bonds is said to have
issue of
Clerk,
Borough
Jr.,
'-'V
.
issue
$25,000 water supply bonds will be
—
Approved
.
Election—An
Bond
,
Bond Legality
v
Canfield, Ohio
;
for
the Board oft
payable to
The approving opin¬
ion of Reed, Hoyt & Washburn, of
have New York City, will be furnished
of Y4 or one-tenth of 1%, and must
passed a
, purchase
the purchaser. A certified check
Clerk now
be the same for all of the bonds.
property for a. vehicular under¬ for $6,000, payable to the State
industrial plant bonds sold to the
Principal and interest payable at pass, to be financed by the issu¬
Houston State Bank, and the Bank
Treasurer, must accompany the
the City Comptroller's office. The ance of
$190,000 bonds. ,.
bid.
of Houston, jointly, as 2s, at par
J;;/;'.;i-i[ Sr.';®
opinion of Hawkins, Delafield &
—v.
164, p. 1000—are dated Dec. Wood, of New York; will be fur¬
Castile, Silver Lake Water Dist
Louisburg, N. C. ::
No. 1 (P.O. Castile), N. Y.
1, 1945, in the denomination of nished the successful bidder, that
Bond Sale—The $93,000 street
Bonds Not Sold—It is reported
$500 each, and mature on Dec. 1 the bonds are valid and legally
improvement bonds offered for
as follows: $2,000 in 1946 to
1950;
binding obligations of the City. by the Town Clerk that the $5,000 sale on Oct. 1—v. 164, p. 1643—
$4,000, 1951 to 1960, and $5,000 in Enclose a certified check for $700, not to exceed 5% registered ex¬ were awarded to McDaniel Lewis
1961
to
1970.
Interest payable
tension bonds scheduled for award
& Co., of Greensboro, as 3s, at a
payable to the City. ;
'
on
(J-D).
Sept 5—v. 164, p. 1258—were
price of 100.64, a basis of about
Kosciusko Sch. Dist. (P. O.
Fairview, N. J.
not sold, all the bids being re¬
2.938%. Dated Sept. 1, 1946. De¬
Kosciusko), Miss.
Bond
Offering
George Ebel, jected.' because the District was nom.
$1,000. These bonds are due
;
Bond
a-certified ''check
Enclose
at place of purchaser's choice.
Bidders are requested to name the
interest rate or rates in multiples
ery
for,
,
deliv¬ tiple of Y\ of 1%, payable" M-S.
obligations; unlimited tax;
the amount of
payable to the
V,;/
bid
bonds
of
2%
for
check
inter¬
Denom.
$1,000. These bonds are due Oct.
1, as follows: $2,000 in 1947 to
as'»2s.
Bank, both of Hazlehurst,
payable M-S. •
exceeding
not
Dated
est.
Planters
&
Merchants
the
bonds,
Hazlehurst,
Jackson, the Bank of
Monday, October 7, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1772
to
will be furnished.
fied
Enclose
certi¬
a
check for $1,000, payable to
the Board of Education,
Clinton Township School District
'Fargo, N.. D.
(P. O. Tiffin), Ohio
; Bonds Voted—An issue of $75,Bond Election
The following
000 fire fighting equipment bonds,
to bear not exceeding 2%%
in¬ bonds amounting to $32,000 will
—
'
—
N.
Middletown,
Y.
Bond Sale—The $135,000 public
be submitted to the voters at the
terest, was approved at the elec¬
November general election: $12,improvementbonds offered for tion held on Aug. 27.
000
sale on Sept. 25, were awarded to
garage
and
$20,000
buses
Bond Call *— It' is stated that
>•>;
the Orange County Trust Co., of Willis Towhship (P.v O. Sawyer), bonds.
N. D.
Harry S. Reichenstein, City Clerk, Middletown, as 1.10s, at a price of
Coldwater, Ohio Bond Offering—Mabel V. Riley,
is calling for payment on May 2,
i00.10, a basis of about 1,08%.
Bond Issuance Deferred —^ The'
Township
Clerk,
will ; receive
1947, a • total of $1,165,000 4% Interest payable A-O;
sealed bids, at the County Audi¬
school bonds, dated May 1, 1907,
$73,000 storm sewer and outlet
and due on May 1, 1957.
Each Ticonderogct' and Hague Centrap tor's office in Minot, until 10 a.m. construction bonds authorized last
Sch. Dist. No. 1 (P. O.
on
Oct. 7 for the purchase
bond will be redeemed at par and
of November are not likely to be of¬
Ticohderoga), N. Y.
accrued interest upon presenta¬
$2,500 township bonds, to bear not fered for sale Until later in the
I,
Borough, is required.
the
'
voters an issue of
the
submit to
$200,000 water and electric light
general obligation bonds.
Lilbourn, Mo.'
'
v1 »
~ <
revenue
to
as
.
An
3%% water works
Bond Legality Approved
issue of $40,000
—
bonds has been approved
legality by Charles & Trau¬
ernicht, of St. Louis. Dated Sept.
1,1946.
^
Purch^edU-The $40,000
Bonds
3%% water works
purchased
were
Municipal
bonds
revenue
by
Corp.,
Bond
the
of
recently
St.
Louis, at a price of par. (Dated
Sept. 1, 1946. Legality approved
by Charles & Trauernicht, of St.
Louis.
Newark, N. J,
■.
<
specified
payment
Each bond surrendered
Maple wood, Mo.
Election —
un¬
only to
be made
will
a
registered owner.
An issue of
public
improvement
will be submitted to .the
7,1946. Denom. $500. These bonds
are due
$500 in 1948, 1950, 1952,
bids until 1 p.
Legislature
in multiples of A4 or
1
Jersey (State of)
New
the
voters
Housing Bonds—On Sept. 30, at a
special session of the State Legis¬
of
will
Antwerp, Ohio
Council
,
Minneapolis,
2%s, at
of
Associates,
and
price of 102.00,
a
about
2.36%.
as
basis
a
due
on
Ogallala Sch. Dist., Neb. ^
$250,000
construction
be submtited
November
of
issue
An
—
bonds
to the voters
will
at the
general election.
was
North Bergen
Township, Ni J.
Bond Sale—The $200,000 sewer
and street improvement
sale
Oct. 2—v,
basis of about 3.038%.
Dated Oct.
Denom. $1,000.
These
$10,000 Oct. 1, 1947
to 1966. Interest payable A-O.
1946.
1,
bonds are due
,
Wilmington
"V
•
$50,000
Election
—
to
the
election to be held
Saunders
County
will
voters
be
the
Oct. 29,
on
(P.
at
O.
Andoverl (P.
Bond
—
Reginald
J.
Wahoo),
receive sealed bids until
on
Neb.
Oct.
for the
10,
10
:H|
;,:|s
•
_
NORTH CAROLINA
Election
—
An
issue
of
$14,250
purchase
.
be
Bridgeton, N. J.
Bond Offering—Ivan F. Brown,
City
Clerk,
will
receive
sealed
ready for delivery to the
suc¬
cessful bidders at the Town Clerk's
office, approximately 30 days after
the
date
$120,000 water,
has
sale.
of sale, and are
general
Austintown),
passed
Bond
h
of
11
sewer
pon
the purchase of
provement
Oct.'15 for
$35,000 water im¬
or
registered
coupon
and sewer
authorized for
E.
m.
of
on
Oct.
$300,000
Easter-
8, for the
water
Ohio
Village Sch. Dist.,
are
Offering—George B. Lin¬
the Board of Educa¬
Bowersville
Bond
$139,000
general
School
Election
—
900,000
Bond
election
to „be
for
in
New
York
City;
rate
of
interest
in
a
;
Offering—John
general
[
.
?
H.
on
Sept. 5 of the $1,-
refunding
bonds
to: the
bids received were as follows:
V For
l%% Bonds
Field, Richards & Co.,
Bro-
V,
'
Braun, Bosworth & Co., Inc.,
and
•;
-'
j:- •" ''
Stranahan, Harris & Co., Inc.,
purchase of $200,000 3%
bonds.
Dated Sept. 1,
Denom. $1,000. These bonds
'--100.356
jointly
National City Bank,
*"
New York l
Sept. 1,j194&
Bidders may bid for a National City Bank,
Cleveland.
rate of interest in a mul¬
due $8,000 from
1972.
certified check for 1%.
Is, at a price of 100.137, a basis
164, p. 1371it is now stated that the next best
the
1947.
a
of about 0.95%—V.
building
different
real
certified
15,
as
the
held; < in
..
choff, District Clerk, will receive
sealed bids until noon on Oct. 17,
to
upon
Nov.
Bidders may bid for
Cleveland Trust Co. of Cleveland,
Local School District
(P. O. Cheviot), Ohio
able
a
from
$60,000
the award
Bridgetown
June 1,
1946. Denom. $1,000. These
bonds are due June 1, as follows:
$6,000 in 1949 to 1958, $8,000 in
1959 to 1963, $9,000 in 1964 to 1971,
$10,000 in 1972, $11,000 in 1973,
$12,000 in 1974, $13,000 in 1975 to
Enclose
construction bonds will
November
Principal and interest (J-D) pay¬
taxes
15, 1946.
$6,500,000 issue authorized at the
November election, in 1945. Prin¬
District, Ohio
An
issue of
and
bonds, to bear not
6%
interest.
Dated
coupon
ed
Enclose
of
Other Bids—In connection with
submitted to the voters at
be
are
valorem
due
different
a
Board of Education.
1977, and $14,000 in 1978 to 198U
ad
Drake,
Board
the
Dated Nov.
bonds.
1948 to 1967.
multiples of V4 of 1%. Enclose a
certified check for $6,000, payable
obligations payable frond unlimit¬
property.
W. V.
Denomination $1,000. These bonds
■
bids until 8 p. m. on
—
of
cipal and interest payable at the
Chase National Bank, New. York.
Legality to be approved by bid¬
der's attorney at bidder's expense.
Commission, will receive
exceeding
Offering
Clerk-Treasurer
$1,000.
These bonds
are
due
$3,000 on April and Oct. 1, in 1947
to 1966. Rate of interest to be in
issue of
street
been
Offering—W.
a.
as
Second
price of 100.15.
multiple of y4 of 1%. These bonds
are payable from an unlimited ad
valorem tax and are part of the
sealed bids at his office in Raleigh,
until
of Columbus,
Ohio Co.
at a
Bond
City
tion, will
to the
purchase
to the
receive sealed bids un¬
til noon on Oct. 17, for the pur¬
chase of $120,000 building bonds,
■ to bear not exceeding 2V2% inter¬
est. Dated Sept. 1, 1946. Denom.
ling, Secretary of the Local Gov¬
ernment
by
a
Landis, N. C.>,<
I
stated
is
It
.
Bond
*
of
war
of the Town Clerk. The bonds will
NEW JERSEY
Bonds Authorized—An
m.
—
Agnes Brown Cain, City Clerk,
that $39,900 promissory notes of¬
fered on May 24, were awarded
Township Sch.- Dist.
Bedford, Ohio
Authorized — The
.-
ton, Clerk of
price of 100.011, a basis of
about
1.995%.
Interest payable
_
a.
memorial building
$150,000
county
hospital
bonds coupon or registered bonds, to
interest.
will be submitted to the voters at bear not exceeding 3%
the election to be held on Nov. 5. Denom. $500, one for $250. These
bonds are due March 1, as follows:
West Point, Neb.
$3,000 in 1947 to 1950, and $2,250
Bonds Voted—An issue of $35,- in 1951. Rate of interest to be in
000 swimming pool bonds carried
multiples of y4 of 1%. Principal
at the election held on Sept. 24. and interest
payable at the office
.Bond
:
Bonds
Council
a
bonds
Sold
$520,000 construction bonds will best bidder was J. A. White &
Co.,
the voters at the
offering 100.032 for Is.
general election to be held in No¬
Cotumbus City Sch. Dist., Ohio '
vember.
'
Franklin, N. C.
Sootheran, Town Supervisor, will
Notes
issue
trunk
sanitary
Columbus, Ohio
improvement
fj(:J %■'
$100,000
be submitted to
Tilney & Co., of New York, as 2s,
J-J.
and sewage treatment plant
Is,
Bellville
at
of
sewer
ordinance bonds,
of $51,000
bonds.
O. Andover), N. *Y.
Offering
issue
Election—An
$9,000 water
improvement bonds offered for
sale on Sept. 24, were awarded to
NEW YORK
of
issue
bonds
revenue,:
submitted
An
an
V:.'.'Ohio
Bond
.
Osceola, Neb.
Bond
issue
Sale—The
Bond
the voters at
to
resolution re¬ Education, will receive sealed bids
until noon on Nov. 5, for the pur¬
cently, calling for the issuance of
chase of $1,200,000 2% school cou¬
(P. O. Wilmington),
$15,000 storm and sanitary sewer
bid.
bonds of¬
164,
p.
1642—were awarded to B. J.
Van Ingen & Co., of New York,
at a price of 100.059, for 3.05s, a
on
for
(P. O. West
,,j
'■
of current State revenues.
fered for
NEBRASKA
Election
program
:
an
water works system
bonds.
%
be
legally binding general
obligations, of the District.
The
bonds will be delivered in Ticonvalid and
pany
Denomination
These bonds are
Sept. 1, in 1948 to 1966.
$1,000.
Bond
out
emergency
an
housing
approved
[ A ustintown
veterans'
adopted,
calling for an issue of bonds
Sidney, Mont.
deroga, about Oct. 20, or at such
Bond Sale—The, $175,000 water amounting to $35,000,000 subject other
place as may be agreed upon
to referendum in November, and
system revenue bonds offered for
With the purchaser, A certified
appropriation
of $6,000,000.
sale on Sept. 20, were awarded to an
check for $240, payable; to the
These bonds would be financed
Piper, Jaffray & Hopwood, of
Board of Education, must accom¬
lature,
MONTANA
Bond Election Authorized—The
lution to submit
Authorized—The Village
Bonds
one-tenth of calling
bonds
The
•
College CoYners, Ohio
the November general election, an
(Feb. 1) payable at the office
the President of the Board of
Education.
year.
Village Council has passed a reso¬
OHIO
%, and must be the same for all
Principal and inter¬
est
Veterans'
Approves
1954 and 1956.
of the bonds.
on
at, the election to be held
Oct."15.
\
exceeding 3% interest. Dated Oct.
will receive sealed
m. on Oct. 15, for
District Clerk,
purchase of $12,000 building
bond registered as to both prin¬
registered bonds, to bear not ex¬
cipal and interest, be accompanied ceeding 5% interest. Dated Oct.
by all interest coupons accruing 15, 1946.
Denom. $1,000. These
after the redemption date.
Pay¬ bonds are due $1,000 from Feb. 1,
ment of any bond registered as to
1948 to 1959. Rate of interest to be
$576,000
bonds
must,
less it has been converted into
principal
?
■
Bond
bond.
the
in
Bond Offering—Helen Pearson,
of
tion and surrender at the place
,
4
-
-
_
—,
;
_
.
;.\*—-100.351
.
.
,
.
^.100.212
?
■6j
.,
;".:W Dennison, Ohio '
Bond
Election—An
issue
Lowellville, Ohio " < v * s ,f •
1; 1948, and re¬
Sale—The $10,000 street deemable Oct.
1, 1940.
1 it
bonds offered for
Payment of the principal amount
sale recently, were awarded to the of both of the- above issues so
i eral election to be held in Novem¬
ber.
Lowellville
i
•' '
"■
■
Elyria, Ohio
Bonds
Purchased
B.
D..
—
with
Savings & Banking
1J/2S, at a price of par. In¬
terest payable M-S.
tVrvp-
■'
-
called
Co.,
-
i
Madison
Sy-
Rural
Sch.
(P.
Dist.
O.
&
Bank
New York.
Trust
-
r
Co.,
of
1
<
Election
$250,000
main
water
issue
for
of
Enclose
vember.
Bond
$420,000
Sold—It
stated by
is
E.
L. McCormick,
City Auditor, chat
$8,852 street improvement bonds
have been purchased by the City
Sinking Fund Trustees.
Geauga
County
(P.
O.
Char don), Ohio
Bond Election—The issuance of
v
$500,00
hospital
submitted
bonds
the
to
will
voters
be
the
at
general election in November.
1
'
bonds.
Due
$156,000 flood wall, and,
$32,000 fire truck purchase bonds,
in 1955.
Mifflin
Hamilton, Ohio,
issue
An
of
submitted
tion,
for
the
at
voters'
considera¬
November;, general
election,
'V';,l
Hicksville, Ohio
Bond Election
bonds
The following
—
amounting to
$48,000
Offering—V.
Oct.
1951
to
1953,
Oct. 1,
November general election: $30,<000
water
softening plant,- and
and Oct.
Bonds Authorized—The1 Village
has passed a resolution
Council
calling
for
$1,250.
$2,500
issue
an ■?
extension
sewer
of
$25,000
bonds.
Denom.
These
bonds
are
due
on March and Sept. 1, in
1948 to 1957.
?
G.
the
April
$1,000
1954,
1963
to
1965, $1,000 April and
1, 1966, and $2,000
April and $1,780 Oct. 1, 1967. Rate
of interest to be in multiples of V4
t>f; 1%. Enclose a certified check
for $2,000, payable to the Board of
$2,000
Oct.
Education.
Huron, Ohio
Bond
Election
—
issue
An
-
Montgomery County' (P. O. Dayj
of
'
bonds
will
voters
at
election.
,
be " considered by the
the November general
'
.
,
.
v
^
Indian Hill and Terrace Park
Sch.
Dist.
(P.
O.
Terrace
Park), Ohio
Bond Election
A proposal to
Issue $514,000 school construction
'
:
Petition1
Election
|
The
4he general election in November.
At an election last March the
voters
rejected
a
proposed
of $450,000.
assue
the
voters
the
at
November
issue of $2,000,000 fair
ground coliseum bonds,
an
New
Riegel Sch. Dist.,
Bond
Election
Sch,
general
Dist,, Ohio
election
will consider
an
building bonds.
the
voters
issue of $139,000
\
;
to
,
$25,000
f
bonds
will
voters
at the election to
on
be
submitted
to
the
be held
/
Nov. 5.
Lorain, Ohio
Bond Election—An issue of po¬
the
voters
vember general
New
at
the
No¬
Bond
Chas. J. Kaiser,
has Advised that
the $2,800; heating system bonds
Offered for Sale on July 1, were
awarded to*a local bank, as l%s.
Interest payable M-Ni
—r
-
Sold—It is
Bond
Election
$100,000
—
An
issue
of
Bond
Election
to
An
—
the voters
tion to be held
Smith
issue
•S-
on
Election
$120,000
Bond
stated by
at the
elec¬
Nov. 5.
An
—
construction
issue
bonds
bit
will
voters at
the
Election
An
issue
'
New
State
Bond
Call
Lexington, at
Bridge
—
It
is
par.
Commission
reported
by
Ray Palmer,
Secretary-Treasurer
of the State Bridge
Commission,
that the following State Bridge
Commission bridge revenue re¬
funding bonds are called for pay¬
ment
on
Oct. 1:
Steubenville
-
Weirton
$75,000
Bridge
1%%, aggregating $50,000. Dated
Sept. l,r ,1940.- . Due! Oct. 1, >1950
aggregating $300,000, will be sub¬
mitted to the voters at the No¬
vember general election.
and redeemable April
sewer
—
system bonds will
election
November.
to
be
held
in
,
will
at
be
submitted to the; voters
election to be held on
the
submitted
to
Bond Offering —Vance Clever
Clerk of the Board of Education,
will
receive
sealed
bids
until
noon
of
on
Oct. 15, for the purchase
$120,000
bear
not
building bonds, to
exceeding 2Vz% inter¬
Dated Sept. 1, 1946.
Denom
$1,000. These bonds are due $3,000
on
April and Oct. 1, in 1947 to
1966. A Rate of interest'' to' be; in
1, 1941.
multiples of Va of 1%. Enclose a
Sandusky Bay Bridge, 2% ag¬ certified check for $6,000, payable
gregating $174,000. Dated Feb. 1, to the Board of Education.
the
voters
the
at
Oct. 8:
on
'
$30,000 site purchase and water
plant construction bonds.
5,000 fire apparatus bonds.
>
7,000 fairground building im,i provement bonds.'
6,000 park site purchase bonds.
r
1
Guthrie, Okla.
,
,
Bond
•:
Election
election to be held
an
Offering—R.
offer for
following
739
p.
•—
7:
water
Wolfe,
that
Mabel
Clerk-Treasurer
of
C.
of
the
Education, has advised
$100,000 bond anticipa¬
the
&
Trust
Election—An ; issue
of
$800,000 memorial building bonds
will be submitted to the voters at
:
.*
Due
$11,000 in 1966.
"rjf.v.'W
—
Nov.
1, 1946.
Denom.
Bidders to name the rate
of interest.
Principal and inter¬
est
(M-N)
payable
to
An
election.
the
.
issue
voters
ity to be approved by the Attor¬
ney-General and purchaser's at¬
torney.
Purchaser to pay for at-,
torney's opinion.
New
,
Bond
Cordell,
Okla.
Sale—The
$15,000 com¬
munity building bonds offered for
sale
on
the
Farmers
June 17, were awarded to
National' Bank
Bond
;
at
These
cost
follows:
for
as
of
about
1.40%, as
maturing in
Is, $3,000 maturing in 1950
114s, and $9,000 maturing $3,-
1949
$3,000
as
000 in 1951 to 1953
v„
,
p I
1
f
as
of
the
Bonds
'
Ohio
issue
:'.y- Wellington, Ohio
Sale
—
The
bonds offered for sale
were
awarded
to
J.
:
$4,750
special
of
.
r,;
street
assessment
on
A.
,
.
,
*'
1
Sold
,
1-
Not
and
Sold—-
Wilson, City Clerk, has
an issue of $95,000
sewer plant bonds offered for sale
recently, was awarded as 2s. The
following
bonds
amounting to
$399,000
$42,000
were
not sold:
•
•
main bonds.
87,000 water main bonds, ;;
33,000 white way bonds.
•
'"'J.
37,000 storm sewer bonds, y;';
200,000 hospital bonds.
sewer
These bonds
were
at the election held
all approved
on
v
Aug. 20.
University of Oklahoma (P. O.
Norman), Okla.
Sold—An
issue
^
of
$!,500,000 dormitory revenue bonds
purchased recently by a syn¬
was
sewer bonds will
be submitted to the voters at the
Bond
' V
Robert W.
bonds
$175,000 sanitary
improvement,
iy2s.''
t
Perry, Okla.
v
Bonds
Election—An
of
Cordell, at A price of p&ry £ ngt
'
due in 15 years.
Waterville,
the fiscal
at
agency in New York City. Legal¬
$50,000 construction bonds will be
submitted
$6,000.
Dated
,
Election
Enclose
certified check for
$1,000.
Washington Township Sch. Dist.
(P. O. Centerville), Ohio
Bond
as
sewer
system
Nov.i l, as fol$17,000 in 1949 to 1965,
lows:
November,
i
system,
1,
announced that
,
V v-'<
Nov.
sanitary
V bonds.
were
Washington County (P. O. Mori
etta), Ohio
'■
\
Bond
totaling
works
Due
interest
—
auc¬
certified check for $23,300.
1300,000
and
Warren City School District^ Ohio
Purchased
public
fol$65,000 in 1949 to 1965,
and $60,000 in 1966. Enclose a
a
..
Notes
at
bonds
coupon
bonds.
'
1, and $1,000 on Oct. 1, 1947; $2,000 on April and Oct.-1,
1948; $1,000 on April 1, and $2,000 on Oct.
1, in 1949 to 1951; j Interest pay¬
able A-O.
sale
$1,465,000:';
S.
Is, at par,
as
Davis,
;•
City Clerk, has announced that he
will
follows: $2,250 on April
as
;
L.
tion until 8:30 p.m. on Oct. 14, the
and
awarded
mature
Oct. 29.
on
Muskogee, Okla.
cancelled.
164,
of
lows:
Cancelled—C.
—v.
issue
$715,000 civic improvement bonds
$1,165,000
Board
....
An
—
will be submitted to the voters at
Township Sch. Dist. (P. O.
election to be held in November.
,
Springfield Rural Sch. Dist. (P. O
Mansfield, R.F.D., No. 6), Ohio
est.
j
Vermillion^Ohio.
;
of
general
of
exceeding
—
election to be held
Bond
are
bonds -offered
Ohio
were awarded to McDonald 8c
Co., of Cleveland, as l%s, at a
price of 102.083, a basis of about
1.541%.
Interest
payable M-S.
The next highest bidder was J. A.
White & Co., for i%s, at a
price
of 101.239.
November
; v-
Zanesville, Ohio
Election
The following
$48,000, to bear not
3%
interest, will be
the general election to be held in
be submitted to the voters at the
1, were
purchased by the Peoples National
Bond
ly,
,
of
Township School District
(P. O. Beloit), Ohio
South
June
r
Sale—The $100,000 build¬
ing bonds offered for sale recent¬
system bonds will
be considered by the voters at the
and the Union Savings
November general election.
Co.; both of Warren.
.
voters at the
bonds totaling
purchased recent¬
ly by the Second National Bank,
Smith Local Sch. Dist. (P. O.
Beloit), Ohio
of
will
OKLAHOMA
Bond
tion notes
sewer
E.
A. Davidson, Village Clerk that
the
$2,000
street
improvement
on
Urhana), Ohio
;
■
Board
Silverton, Ohio
I
lice and fire station site purchase,
construction and equipment; bonds
Sale
District; Clerk,
issue
bonds
..
Urbana Township Rural Sch. Disi.
M
(P. O. R. F. D. No. 1, ^
ment
vember.'
blectibn.
Straitsville, Ohio
on
-
were
Bond
of
held
Warren, Ohio
general election to be held, in No¬
Lawrence County
Bond
general election.
construction
Carnegie, Okla.
A
mitted
Bank
(P, O,
Ironton), Ohio "
Election—An
issue
of
cemetery site purchase
—
Sharpshurg Local Sch.'Dist. (P. O.
R.R, No. 1, Fort
Recovery), Ohio
Ohio
issue
election
of
was
-
®
•
the
Bond -x Sale
be submitted to the
*
Bond Election—At the Novem¬
ber
An
■
Walnut
$160,000 school bonds will be sub¬
Bonds
Jefferson
<—
Aug. 14.
general
mitted
to
at
issue
bonds
Nov. 5.
$120,000 school bonds will be sub¬
election,
defeated
the
declined to approve the request of
bond
3
plant
to
1950 to 1952.
—
ibonds will be placed on the ballot
to be considered by the voters at
of
the
County Fair Board to submit
Defeated —An
construction
Local
election to be held in November.;
.
Rejected—
County Commissioners have
Bonds
be
(P. O.
Election—An
$130,000
be submitted to the
certified check for
$6,000, pay¬
able to the Board of Education.
$50,000
Township
to
Willoughhy), Ohio
Bond
a
Upper Township School District
(P. O. Coal Grove), Ohio
of
and site pur¬
School District
in
Bond Election—An issue of
$2,Bonds Not Sold—It instated by
000.000 storm sewer bonds will be
P. Rudolph, Director of Fi¬
submitted to the voters at
th^
nance, that the sale of the $75,000 election to
be held in November.
lVz% semi-annual refunding of
Additional
Information —' The
1946 bonds which had been sched¬
uled for Sept. 9—v. 164, p. 1131— City Auditor now reports that the
was
abandoned.
Dated Sept. 1, $16,250 street improvement bonds
sold to the City Treasury Invest¬
1946.
Due $25,000 on Oct. 1 in
ton), Ohio1
$130,000 water mains construction
be
E.
,
$1,000 April and Oct: 1, 1959 to
1961, $1,000 April; and $2,000 Oct.
1, 1962, $1,000 April and Oct. 1,
to
y4 of 1%.
No bids
for less than par and
accrued in¬
terest will be considered.
Enclose
Shake'r Heights, Ohio
;:
Willoughhy
to
of
at the November
April, and
$1,000 April
1* 1955 to 1957, $1,000
$2,000 Oct. 1, 1958,
interest
1947
proposed is¬ Weller, Clerk of the Board of Ed¬
$114,000 municipal building ucation, aniiounced that the sale
of the $66,000 3%
improvement
bonds will be among the ques¬
tions to be presented to the voters bonds scheduled for Sept, 20, was
Bond Election
sue
of
and
in
Ohio
"issue
an
—
the voters at the election
held in November.
Miller sport ),Ohio
Dudley,
purchase
issue
November
the
of
1,
multiples of
Reading, Ohio
Sept. 1, 1946. Denom. $1,000, one
for $780.
These ; bonds are due
$1,000 April and Oct. 1, 1947 to
1949, $1,000 April, and $2,O0O Oct.
1, 1950, $1,000 April and Oct. 1,
$2,000
^
at
An
election.
$48,780 building bonds, to bear not
exceeding 2%
interest.
Dated
will
j'^'i^HwWHicksville,OhioW:
for
17,
be submitted to the voters at the
$18,000,water.mainjbonds,.
due
are
Local Sch. Dist,
Bond
voters
Oct.
Bond Election
; An issue of
$75,000 town hall addition bonds
submitted
:
Rate
•....
treatment
sewage
will; be
Clerk of the Board of Education,
will receive sealed bids until noon
on
$435,000 Coliseum bonds will be
bonds
(P. O.
Mansfield,R. F. D. No.2), Ohio
.
—
$100,000
—
of
and
'
-
Election
Bond
issue of $280,bonds. Dated
Denomination $1,000.
sewer
Sept J1,
re¬
from
accrue
Oxford, Ohio
MiddleburgHeights (P. O.Berea),
20,000 sanitary sewer bonds. Due
1
$2,000 Sept 1,1948 to 1957.
Election
to
cease
after Oct. 1, 1946.
vember:
;
Bond
all the above bonds
on
bonds
$4,000
1948 to 1962.
shall
Ohio
$60,000 trunk line sanitary
s
Interest
general election to be held in No¬
Village
or
/
surrender;
bonds amounting to $188,000 will
be submitted to the voters at the
ordinance
on
Guaranty Trust Co., New York
City. Coupons maturingOct. 1,
1946 ' and prior thereto will be
paid upon the presentation and
Martina Ferry, Ohio c
Election—The*; following
- Authorized—The
City
Council passed an
recently passed resolu¬
tions calling for the issuance of cently calling for an
the following bonds amounting to 000 3% refunding
Dec. 1, 1946. These
$80,000:
called for
so
made
accompanied by all April 1, 1947
and
subsequent coupons at the
Bond
Bonds
be
after Oct. 1, 1946 on surrender of
bonds
in
negotiable form,
tion.
Bonds Authorized-^-The
1966.
-
said
of
building
Council
-
issue
An
—
school
Greenville, Ohio
•'
amount of these bonds
noon
purchase
sur¬
J
redemption' will
;
bonds
will be considered by the voters
at the November general elec¬
Gallipolis, Ohio
Bonds
Election
and
Pomeroy-Mason Bridge, 3y2%,
aggregating $31,000.
Dated Oct.
1, 1936. Due Oct. 1, 1956, optional
April 1, 1937.
1
'
'
■
Payment
of:
the
principal
;
Exempted' Village
Sch, Dist,, Ohio
X
presentation
April and
on
'
con¬
Mariemont'
ne¬
Co., New York, or ajt the.
office, Columbus.
Coupons maturing Oct. 1, 1946
and
prior thereto, will be paid
the
for-the
Election
chase bonds will be submitted to
Dated Sept. 1, 1946.
Denom. $1,000.
These bonds are due $3,000
Trust
upon
15,
Bond
$225,000 construction
$120,000 building bonds, to bear
exceeding
2lk%
interest.
State Treasurer's
render.
Wickliffe School District,
not
1, 1946,
surrender of said bonds in
Oct.
on
April 1, 1947, and subsequent cou¬
pons,
at the Chemical Bank &
$19,000, payable to the Board
general election to Jae held in No¬
after Oct.
or
(P. O.
will receive sealed bids until
gotiable form, accompanied by all
certified check
a
of Education;
will
bonds
be submitted to the voters at the
on
No bids for less than par
sidered.
An
—
1%.
and accrued interest will be
Euclid, Ohio
Bond
Union Local Sch. Dist,
for
on
1773
Mansfield, R.F.D. No. 2), Ohio >
Bond Offering—H. S.
Pittenger,
Clerk of the Board of
Education,
a
be made
Secretary of the Board of
Mansfield, R.F.D., No. 4), Ohio
Bond Offering—Harold F. LingSinking Fund Trustees, has an¬
nounced that' the Sinking Fund ley, Clerk of the Board of Educa¬
has purchased an issue of $72,000 tion, will receive sealed bids until
water works refunding bonds, as noon on Oct. 16, for the purchase
Is.
Dated Aug. 1, 1946.
Denom. of $380,000 not to -exceed 2%
$1,000.
Interest
payable
F-A. building bonds.
Dated Sept. 1,
These bonds are due Feb. 1, as 1946. Denom.
$1,000. These bonds
follows: $3,000 in 1956, $15,000 in are due
$10,000 April and $9,000
1957 to 1960, and $9,000 in 1961. Oct.
1, in 1947 to 1966. Hate of
Principal and interest payable at interest to be in multiples of V4
Chemical
Oct.
redemption, together
premium of 1% of such
principal amount on the Steubenville-Weirton Bridge bonds, will
as
mons,
the
Due
improvement
submitted to the voters at the gen-
'■
1940.
Bond
of
$8,000 fire apparatus bonds will be
f
*
"*
•
<
x,«'-
i
x
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number<4534
iVolurtie164
Sept. 28,
White
&
Co., of Cincinnati, as 2s, at a
price of 100.484, a basis of about
1.91%. Dated June 1, 1946. These
bonds are due on Dec, 1; $250 in
1947, and $500 in 1948 to 1953. The
next, highest bidders were rthe
P'rovident Savings Bank & Trust
Co., Cincinnati, for 2.%'s, at a price
of 100.109, First Wellington Bank,
for 3s, at a price of par.
dicate composed of the Lee Hig-
ginson Corp., Barcus, Kindred &
Co., both of Chicago, Boettcher
& Co., of Denver, R. J. Edwards,
Inc., of Oklahoma City, Baum,
Bernheimer Co., of Kansas City,
E. Edgar Honnold, and the SmallMilburn Co., both of Oklahoma
City. No public reoffering of the
bonds is to be made.
OREGON
Brownsville, Ore.
/
Bonds Sold—It is stated by Jes¬
sie
Howe, City, Recorder, that
$40,000 water revenue bonds were
for sale on Sept. 3 and
were
purchased by Fordyce 8c
offered
Co., of Portland, the only bidder.
;
+
THE COMMERCIAL & FINANCIAL
1774
Due
in
$2,000
1947
PENNSYLVANIA
in¬
1966,
to
clusive.
These
•
at
bonds
were
price of 98.00,
a
3.744%.
a
sold as 3y>s,
basis of about
;
,
y;y
Bond
Oak Lodge
(P. O.
Portland), Ore.
Bond Sale—The $365,000 gen¬
eral obligation bonds offered for
sale on Sept. 3—v. 164, p. 1131—
Offering—Robert
E. Rit-
ter, Director of Accounts and Fi¬
will
receive
sealed bids
22, for the
purchase of $400,000 improvement
coupon
bonds, to bear not ex¬
ceeding 2% interest.
Dated Nov.
until
11
a.m.
Oct.
on
in
$32,000 in
1962,
$1,000.
These
bonds are due Nov. 1, as follows:
$40,000 in 1948 to 195V$40,000 in
were awarded to the United States
National Bank,
of Portland, Ps 1952 to 1954, $30,000 in 1955 and
2V4s. Interest payable J-J. Dated 1956, and $20,000 in 1957. Rate of Midland Trust Co. of New York,
Oct.
1,
1946.
Denom.
$1,000. interest to be in multiples of Vs New
York
City.. Legality , ap¬
Registerable as to prin¬
These bonds are due on July 1, in of 1%.
proved by Barnes, Dechert, Price,
cipal only.
These bonds are is¬
1950 to 1975.
•yyvv;.y:,::.
Smith & Clark, of Philadelphia:-'*.
sued
subject to the favorable
Cottage Grove, Ore.
opinion of Townsend, Elliott & Plains Township Sch. Dist. (P. O.
Bonds
The
Voted
$300,000
Munson, of Philadelphia, and will
Plains), Pa.
water system bonds were ratified
be
delivered
to
the
purchaser
Bond Sale—The $70,000 coupon
at the election held on Sept. 17.,
only if and after the proceedings
playground bonds offered for sale
authorizing the issuance thereof on
Gresham, Ore.
••••;
Sept. 10—v. 164, p. 1259—were
have been approved by the De¬
Bonds
Sold—It
is
stated
awarded to E. H. Rollins & Sons,
by
partment of Internal Affairs. En¬ of
George W. Page, City Recorder,
Philadelphia, as 2y2s, at a price
close a certified check for 2% of
that $35,000
of 100.159, a basis of about 2.475%.
street improvement
the face amount of- the bonds,
Dated Sept. 15, 1946.
drainage bonds were offered for
Due $5,000
to the City Treasurer. from
sale on Sept. 13 and were award¬ payable
Sept. 15, 1947 to 1960, incl.
1,
1946.
Denom.
;
Portland;
Tripp Co., of
i
■
■■J These bonds were sold
at
as
bonds
These
•
originally
were
scheduled for sale
Oct. 1.
on
y ;,
Interest
payable M-S.
The only
other bidder was Singer, Deane &
Allentown School District, Pa.
Scribner, offering 100.00 for 3 Yi %
Bond Sale—The
l^s,
bonds.
price of 100.41, and mature
Oct. 1, as follows: $3,000 in 1949
ing
to
& :Go.pof .Nashville,
Rhode Island (State of)
Bond Election — An issue
$20,000,000 soldiers'
bonus
of
bonds
the November general election.
Columbia, S. C.
Election
Bond
—
An
in 1963,
it
of
"
issue
voters
tion to be held
Price
19
DAKOTA
to
offered
awarded
were
at
$9,000 building
sale recently,
Piper, Jaffray
for
to
John
$800,000 build¬
and improvement bonds
Co., and the
Corp., jointly,!
net
a
interest
about!
of
cost
v. ;T64> P.- 1259—were purchased
Hopwood, of Minneapolis, as
13/4s, at a price of 100.522, a basis ,by the said films at a rprice of
&
of
about
1.58%.
Dated
Aug.
100.042.
1,
1946,
Denomination $1,000. These
bonds are due $1,000 Oct. 1, 1947.
to 1955.
Bonds maturing on and
,
Giles County (P. O. Pulaski)
Tenn.
Bonds
after Oct.
1, 1951, to be subject to
redemption and prepayment on
Oct. 1, 1950, and on any interest
payment date thereafter. Legality
approved
by
Dorsey,
Cdlman,
Barker, Scott & Barber, of Minne¬
Sold
—
following
The
bonds totaling $58,500; have been I
sold as l%s, reports G. B. Aber-
nathy, County Court Clerk: $33»500
school
buses,
and
25,000;
bridges and drainage bonds/
of¬
Rankin, Pa.
apolis.
25—v. 164,
Bond Offering—Joseph L. Bam¬
p. 1371—were awarded to a syn¬
' Faith, S. D.
1.44%. *
dicate headed by Halsey, Stuart & bino, Borough Secretary, will re¬
; Bonds Sold—The $50,000 3^%
Co., including W. H. Newbold'S ceive sealed bids Until. 7 p.m. on water system revenue- bonds" au*
Jefferson County Union Sch.'Dist.
Son & Co., Yarnall & Co., and Oct. 10, for the purchase of $60,000
thorized at the election held on
No. 1 (P. O. Madras), Ore. i
Dolphin & Co., all of Philadel¬ borough
coupon
bonds, v Dated June 4, were purchased recently
Bond Sale Details—It is now re¬
phia, as iy2s, at a price of 100.348, Oct. 1, 1946. Denom. $1,000. These by i the - Allison-Williams Co., of
ported by the District Clerk that a basis of about 1.47%.
Dated bonds are due Oct. 1, as follows:
Minneapolis, f Dated June L 1940.
the $92,000 school bonds sold to
Oct. 1, 1946. Denom. $1,000. These $4,000 in 1948 to 1952, and $5,000
These-bonds are due In 15
1952, and $4,000 m 1953 to 1957,
giving a net interest cost of about
&
2.41%, for $175,000 as 21As, and
$125,000 as 2%s, as noted here—
fered for sale on Sept.
a
Nuveen
Nashville Securities
(P. O. Bath), S. Dak.
Bond Sale—The
bonds
Paid—It is
now reported;
by the Town Recorder that the
$300,000 water works revenue, Se-1
ries A bonds awarded on Aug. 23
Brown County Common Sch. Dist.
No.
in]
iy4s.j
Tenn.
Erwin,
the elec¬
Oct. 22.
on
SOUTH
at
$13,000 in 1964, $12,000
1965, and $13,000 in 1966, as
Ifiterest payable A-CX
$2,000,000
school
addition
and
improvement bonds will be sub¬
mitted to the
price of I
a
1957, $13,000 in 1958, $12,000 in!
1959, $13,000 in 1960, $12,000 in
1961, $13,000 in 1962, as iy2s, and;
$50,000 maturing April 1, $12,000
%
SOUTH CAROLINA
> V
>
ot
100.102, / a net interest cost of!
about 1.375%, as follows: for $75,-!
000 maturing April 1, $12,000 in:
will be submitted to the voters at
—
ed to the Charles N.
Monday, October.
RHODE ISLAND
1963,
in 1964, $34,000 in 1965,
$35,000 in 1966, $36,000 in 19»T7,
$37,000 in 1968, $38,000 in 1969,
$39,000 in 1970, $40,000 in 1971,
$41,000 in 1972, $42,000 in 1973,
$43,000 in 1974, $44,000 in 1975,
$45,000 in 1976, $46,000 in 1977,
$47,000 in 1978, $48,000 in 1979,
$49,000 in 1980, $50,000 in 1981,
$51,000 in 1982, $52,000 in 1983,
$53,000 in 1984, $54,000 in 1985,
and $15,000 in 1986. Principal and
interest
payable at the Marine
$33,000
Allentown, Pa.
nance,
Clackamas County,
Water District
$31,000
CHRONICLE
Hickman County, Wrigtey
.'Sch, Dist, (P. O. Center-
'
■*
,
ville), Tenn.
.
First National
the
land—
awarded
at
interest
net
the
on
164,
v.
of Port¬
1132
price
a
of
cost
bonds
Bank
p.
of
—
100.00,
about
divided
were
bonds
Oct,
1, in 1947
to
payable A-O.
Belle
$35,bonds
street
1953 to
1960.
Bidders to
name
single rate of interest in amul-
Registerable as
The purchaser
will receive without charge the
opinion of Bergwin & Churchill,
to principal
•
*
r
'
....•
.
Lincoln County, Southwest Lincoln
'
.Water District (P. O.
Waldport), Ore..
Bond Offering — The District
,
Secretary will receive sealed bids
p.m. on Oct* 10, for the
until 8
were:sold on Aug. 3, as 2s.
est
payable^ J-J.
year^,
v
only.
improvement
$36,000 as lV2s, due $6,000 from
Sept. 1, 1951 to 1956; $12,000 as will be submitted to the voters at of Pittsburgh, that the bonds are
the election to be held in Novem¬
iy4s, due $6,000 on Sept. 1 in 1957
valid general obligations of the
and 1958, and the remaining $44,- ber.
Borough, payable from ad valo*
000 as l%s, due on Sept 1: $6,'•
rem
taxes.
Enclose a certified
Butler, Pa.
000 in 1959 to 1964, and $8,000 in
Bond ElectionIt is stated by check for $1,200, payable to th6
1965. Interest,payable M-S^ <<
Philip O. Miller, City Clerk, that Borough.
J■■■'<
• r
at the general election in Novenit
Lane County, College Crest
Redstone Township Sch. Dist.
ber the following bonds aggre¬
Water Supply Dist. (P. O.
'•
(P. O. Republic), Pa.
gating $400,000 will be submitted
Eugene), Ore.
Bonds Not Sold—It is stated.by.
to the voters: $150,000 swimming
-Bond Sale Details—It is now
pool; $150,000 street and sewer Leonard De Luzio, District Secret
reported by the District Secre¬
improvement, and $100,000 incin¬ tary, that $150,000 coupon school
tary that the $10,000 water bonds
bonds offered for sale on Sept. 19
erator, bonds.
■
,
sold on Aug. 5 to the Chas N.
—v. 164, p. 1372—were not award¬
Tripp Co., of Portland—v. 164, p.
yyCoraopolis, Pa.
ed as no bids were received.
He
875—were awarded as l^ts, at a
Bond Election—It is stated by
says
that ; a proposal made; by
price of 100.017, a basis of about Edward N. Weaver, City Clerk,
Deane • &
Scribner
of
1.245%. Dated Aug. 1, 1946. Due that at the general election in No¬ Singer,
Pittsburgh, was tabled for the;
$1,000 from July 1/ 1948 to 1957, vember the following bonds will
present. Dated Nov. L 1946. Due
inclusive. Interest payable J-J.
be submitted to the voters: $125,•
Bonds Sold—The Clerk of the
County Court has'announced that|
the
$20^)00 construction
bonds
1 Bond
aggregat-|
irig $11,500,000:
...!
.
4,500,000 school construction. ? '
1,500,000 street improvement.
11, for the purchase of $6,000 re-,
bonds, to bear not ex¬
ceeding v. 2%%
interest.
Dated
Sept. 1,
1946. T Denom. $1,000.
^500,000 playground sites,
are
due $1,000 op
1, in 1947 to 1952.
Enclose
certified check for 5% of the
These" bonds
Lexington, Tenn.
Not, Sold—It is
Bonds
Dec.
■
stated
$260,000 not to
that
exceed. 2%
semi-ann. electric system
revenue,]
amount bid.
Series
C
bonds
Sept. 12 but
Huron, S. Dak.
y Bond Offering—It is stated by M.
lC
offered
were
were not
June-1, 1946.4Due
1947 to 1973, incl.
Auditor, that he will
receive Sealed bids untilV Oct^
:
$5,000,000 civic center.
funding
FH Walt, City
Tenn.
Contemplated-^-1
on
Graves, City Auditor, will receive
sealed bids until 1:30 p.m. on Oct.
a
Election
An election is being contemplated
the following bonds
Faulkton, S, D.
-Offering — E. NolThan;
Bond
Intejr-1
.
Knox ville,
optional after, 7 years.
tiple of Va of 1%.
Vernon, Pa.
Bond Election—An issue of
000
in
a
a
1.47%,
follows:
as
due
are
1976. ' Interest
s
sold.
on]
Dated
June 1 in!
on
r
Trenton, Tenn.
fof; the purchase of the following'
,
.
.
% Bond Offering—James O. Bark¬
bonds aggregating $607,^
;
;
4
coupon
er,
000:
until
Mayor, will receive sealed bids
2
p.m.
Oct.
on
15,
for the
$384,000 water works bonds. Due* purchase of $105,000 1V2% indus¬
trial coupon bonds.
y t
ort July 1; $42,000 in 1947, and
Dated Jan. 1,
1947.
Denom. $100.
./ $38,600 in 1948 to 1956.
These bonds]
.
73,000 sanitary sewer-bonds. Due are due, July 1, as follows:-$2,500!
on Nov. 1 in 1947 to 1968. $
000
park,
and
$97,500
library
y y^^on -July 1; $4,000 in 1947 to inf1948 to 1951, and $5,000 in 1952
j
r..
•
i
A- (;• • ■ ; •• • t; >,
bonds.
1953, $5,000 in 1954 to 1956, to 1970. Enclose a certified check]
Scrouton, Pa.
and $3,000 In 1957 td 1966. * % for 5% of the bid.
./.y-vy
; Bond Sale—The $80,000 edupOft
Danville fP a.
150,000 storm sewer bonds. Due
Bond Sale—The $126,000 gen¬ municipal property and improve¬
TEXAS
:
on July
1; $8,000 in-1947 to
ment bonds offered for sale on
eral obligation bonds offered for
1956, and $7,000 in 1957 fo
sale on Sept. 13—v. 164, p. 1259 Sept. 11 — v. 164, p. 1372 — were
Albany, Tex.
I960.'
Bonds Voted—An issue of $65,purchased -by the City Sinking
—were awarded to John L. Ray,
]
Denomination
$1,000.
Dated 000 hospital-bonds was approved
of Danville, as 1.40s, at a price of Fund Commission, as 0.50s, at par.
No other bid was received, ac¬ July L 1946.-/Bidders are to name at the election held on
Aug. 31.
100.81, a basis of about 1.33%.
to - Foster W; Nauman, the rate of interest. Principal and
Dated May 1, 1946. Denomination cording
A mar ill o, Texas
$1,000. ' These bonds are due on City Controller. Dated Oct. 1, interest payable as designated by
Bonds Voted—It is stated" by
Nov. 1, irf 1947 to 1971.
The approving
Interest 1946. Due $8,000 from Oct. 1, 1947 the/ purchaser.
Katheryn - BurwelU City Secre- j
to 1956, inclusive. Interest payable opinion of Dorsey, Colmari, Bar*payable M-N. The next highest
tary, that at the election held On
\
' .
/
bidder was the Danville National A-O.
ker, Scott & Barber of Minneap¬
Sept.- 14 the voters approved by- a
olis, will be furnished the pur¬ narrow
Bank, for 1.40s, at a price of 100.,
'
.
\;.
:
;
-
<
purchase of $24,000 general obli¬
gation water coupon * bonds, to
bear not exceeding V-k% inter¬
Dated Oct. 1,
est.
1946.
Denom.
$1,000.
These
bonds
are
due
April 1, as follows: $1,000 in 1951
to 1958, and $2,000 in 1959 to 1966,
optional on April 1, 1951.
Prin¬
cipal and interest (A-O) payable
at the First State Bank, of Wald¬
port.
Enclose a certified check
for $1,000, of or upon a bank do¬
ing business in Oregon, in favor
of the District.
^
^
.
.
,
West
008.
(P*
,
Harborcreek
;
Bond
•
Election
—
issue
An
of
$3,000,000 civic center bonds and
issue of $2,000,000 war me¬
Sch.
Sale—The
Bond
Dist.,
Pa.
$40,000 school
bonds offered for sale on June 27,
to
awarded
Schmertz
'.*-t
&
Phillips,
of Pitts¬
Robinson,
burgh, as iy4s, at a price of 100.20,
a
basis of about 1.18%.
an
morial
will
bonds
be
submitted
to the voters at the general elec¬
tion to be held in November.
Reedsport, Ore.
Bond Call—The above City calls
for payment
of
$13,000
on
Oct. 15, an issue
refunding
general
bonds, dated Oct. 15, 1941.
Sch.
Dist.
■■■
O.
Terrace),
—
V
<
—
The $200,000 cou*school bonds offered for sale
Bond Sale
pon
Sept. 9—v. 164,
jointly to
on
Sale —The $40,000 water
bonds offered for sale
awarded
to
on
the
Sept. 27,
First
Inc.,;.and S. K. Cunningham &
Co. of Pittsburgh, as iy4s, at a
price of 100.059, a basis of about
1, 1946. Due
Authority, Pa. $20,000 from Oct.
1, 1947 to 1956,
incl. Interest payable A-O. Sec¬
The $1,350,000. 2Vz% water rev¬
ond best bid was submitted by a
enue bonds are being offered for
group headed by Harriman Rip¬
public subscription by a syndicate
composed of Allen & Co., of New ley & Co., Inc., an offer of 100.613
/. /.j'
York, Robert Hawkins & Co., of for 1 y2%• bonds.
Boston, A. Webster Dougherty &
.V."
..l West View, Pa.
Co., Dolphin & Co., both of Phila¬
Bond Sale —The $60,000 bor¬
delphia,
Phillips,
Schmertz
&
Robinson, Fauset, Steele & Co., ough bonds offered for sale on
both
of Pittsburgh,
and Jenks,
Aug. 13 —V. 164, p. 875 — were
Kirkland & Co., of Philadelphia.
awarded
to Moore,' Leonard
&
Dated
Na¬
Aug.
ination
at
follows:
price of 98.00, a basis of about
4.02%. Dated Oct. 1, 1946.
These
a
are
due Oct.
1,
as
follows:
$21,000
in 1953
$2,000 in 1948 to 1950, $3,000 in $25,000
1951 to 1930, and $4,000 in 1961.
$27,000
Interest payable A-O.
' : $29,000
Bailey County Road District, No.
1-A (P. O. Muleshoe), Tex. '
Bonds Voted—An issue of $625,-
Rapid City, S. D. 1
Bond
Details—The
Sale
$125,-
000
municipal equipment bonds
awarded' on Sept. 16 to the First
Natiohal Bank of the Black Hills,
000 *
and the
construction bonds carried
the election held
$1,000.
1,
1946.
Denom¬
Aug. 1, as
Due
Lynch, of Pittsburgh,
as
^ond Offering
—
at
Sept. 10.
V
.
<•
y
The City Sec¬
retary will receive sealed bid.*
p. 1644—were sold as l3As, at* until 9:30 a.m. on Oct.
23, for th<
price of 100.40, a basis of about purchase of the
following coupon
1.605%.
Dated' Sept,:
1,
1940. bonds
totaling" $650,000, to bear
Denom. $1,000.
These bonds are. not exceeding 2%%
interest, auJ
due $25,000 on Sept. 1, in 1947 to
thorized at the election held or
164,
a
1951.
.
Sept. 11:
Wagner School District, S. D.
Bonds
Sold—The
$30,000 re¬
funding
election
y
:
bonds authorized at the
held on June 18, have
;
in
one
Crockett County
■"
-
{P. O. Alamo)
_
r
to 30 years,
i
optional ir
15 years,
y
: r
y-' j
225,000 sewage system bonds. Dut,
in one to 30 years, optional ir
15 years.-
TENNESSEE
■
,
$375,000 water system bonds. Du(
been sold.
l%s, at
$20,000 in 1949 and 1950, a price of 100.012, a basis of about
in 1951 and 1952, $22,000 1.745%.
Interest payable F-A.
and 1954, $24,000 in 1955,
Dated Aug. 1, .1946.
Denom. $1,in 1956, $26,000 in 1957,
000.
These bonds are due $2,000
in 1958, $28,000 in 1959;,
in 1960, $30,000 .in 1961, from Aug. 1, 1947 to 1976, incl.
on
Ballinger, Tex.
Rapid City National Bank,
Rapid City, jointly—v.
of
both
:
bonds.
City
»
i
payable
1259—were
Blair & Co.,
Bonds Offered for Investment—
tional Bank, of Portland, as 33As,
bonds
to W.; H. Olson,
Treasurer, is required, y v
Rtf,
.
Scappoose, Ore.
were
of the amount of bonds bid
p.
awarded
1.235%. Dated Sept.
Oakmont Municipal
Pa.
,
Bond
margin the issuance of the
$2,000,000, water works ' revenue
A certified check for 2%
chaser.
.
were
Portland, Ore.
Mifflin
•
*
.
50,000 street improvement bonds;
Due serially in 1961.
Denomination $ll,000. Principal'
road and interest (A-O) payable at th<
bonds offered for sale on May 6, Mercantile National Bank, Dallas
approved
by • McCall
were awarded to J. C, Bradford Legality
■
•
fly}
Bond
Sale—The
^
' $125,000
-
Number 4531
Volume 164'
f
Y
•
v#
i
•
election
Voted
Bonds
$100,000
Voted—At
Sept.
on
Dalhart Sch.
1
certified check for 2%.
a
Bonds
hehL
Dallas.
of
Crowe,
Parkhurst- &
an
favorably voted
held on Sept. 5.
the voters are
11
Dist., Texas
—
|
said to have approved the issuI ahce of the following bonds aggregating $650,000: $375,000 water
system; $225,000 sewage " system,
An
bonds
the
at
:
|
Election
Bond
election is scheduled to be held
was
the
election
>
HillsborO, TexasProposed —An
.
of
issue
construction
question
Denton>
and $50,000 street
i Bond
bonds. yY'y yyY;
YifY Y (P. O. San Antonio), Texas
Bonds Defeated—It is stated by
Secretary of the Board pf
^'Commissioners that at the elec¬
the
sanitary
■
and
storm
following
offered
aggregating $2,270,000 will
for
sale
$6,510,000 bonds
Sept. 30—v.
on
$!,-
Bros.,
of
New
York,
Halsey,
Stuart & Co., Phelps, Fenn & Co.,
be submitted to the voters at the
election to be held
Oct. 15:
on
York, and consisting of
Blair & Co., Inc., Stone & Web¬
ster
Securities
Corp.,
Salomon
Bros. & Hutzler, Estabrook & Co.,
R. W. Pressprich
& Co., L..F.
system; $225,000 street im¬
$15,000 city hall im¬
provement; $20,000 park improve¬
ment, and $35,000 fire depart¬
ment bonds.
1.
'
provement bonds.
Edinburg,
Board of Regents of The University
of Texas (P. O. Austin), Tex.
Bond
Offering
City
Brown,
Bond Sale —The $575,000 col¬
lege* of mines and metallurgy dor¬
mitory revenue bonds offered for
sale on Sept. 20—v. 164, p 1372—
were awarded to Rauscher, Pierce
& Co;, of Dallas, and R. J. Edwards, Inc., of Oklahoma City,
jointly, as 3V4S, at a price of 100.00i: Dated Oct. 1, 1946 ; Denom¬
ination
$1,000.
Interest payable
| Rothschild & Co., Paine, Webber,
Jackson & Curtis, Geo. B. Gibbons
& Co., Inc., Hemphill, Noyes &
Noble
Co.,
Bacon,
Stevenson
&
Co.,
Tex.
—
Ruth
will
Secretary,
New
of
re¬
&
Knickerbocker, of Houston, at
price of 100.11, for $250,000 as
2s, and $150,000 as 214s.
reports
a
Los
Indios
of
'
until
bids
2:30
p.m.
Neches
$70,500
now
County Treasurer, has announced
that "the series B, refunding
road
tin.
Dated Oct.
These
$1,000.
y
1962;
called.
'
■
■
■
'
of
construction
par
yy;
bonds,
as
■
540,000
,
storm
bonds,
sewer
as
2 %s.
'■
2%S.
as
60,000
public library
bonds,
as
incinerator
100,000
ghrbage
bonds, as 2y4S.
bonds, of which $9,- 1180,000 public health and wel¬
000 are 23/4S, due $1,000 from
"p was submitted to the voters at an
fare bonds, as 214s.
election held on Sept. 28.
1
•
•
July I; 1950' toyI958, and J 510,000 /park
and
recreation
i
.•
V'YiY
$16,000 rare 3s, due $2,000 YY'*: bonds,
Castro County (P. O. Dimmitt),
from July 1; 1959 to 1966, all
450,000 sanitary sewage system
!;'
k Y-Y. •'
_Texas
v yYY;
",incl. Interest payable J-J.
bonds, as 214s.
J 'Bonds Approved—An issue of
510,000 storm sewer bonds, as
57,000 water and sewer revenue
V/2%, 2% and 2%'% road im¬
m
2i4s.
bonds, of which $10,000 are
provement bonds amounting to
2%s, due $1,000 from July I, 150,000 street improvement bonds
$200,000 have been approved as to
as 2%s.
1947 to 1956, the remaining
legality by Dumas & Huguenin, of
Dallas.' Dated July 1, 1946: These
$47,000 are 3s, due on July 1 t 500,000 sanitary sewage disposal
system bonds.
—$2,000 in 1957, and $5,000
b'onds were favorably voted at an
in 1958 to 1966, all incl. Inter¬
election held recently,
Dated Nov. 1, 1946. Denom. $1>$25,000
:
1981,
and
•
-■■■*
x
v.
•♦
!■
/Y;/YYY'YY7
>
,
y
.
.
revenue
#
£w Y> Y' ■:'-j-Y Y'•••• Y'-. YY:;'
Sold—It
Bonds
that
nounced
"
'
est
payable J-J.
Childress, Texas
•
bonds
^election held
heen sold
as
has been an¬
$250,000 water
the
authorized
the
20,'. have
Aug.
on
2V2S.
at
Dated Sept. 1,
.1946." These bonds
are
'-'years, optional in 10
due
in
15
Dated
Call
due
all
Hutchinson County
,
Haskell,
V^vVyy: >;;;•■'
Bond
;
Legality
issue of
Stinnett),
Texas
Approved
—
$88,000 water works and
revenue :
bonds
has
Bond
An
been
y'-
approved as to legality by Dumas
Cisco, Tex.
y YYyYy. & Huguenin of Dallas:
The bonds
Hal Laveny, City
are
dated July 1, 1946.
Secretary, has announced that the
City's water works and sewer sysHenrietta, Texas
Bond
are
on
Nov. 1, from 1947 to 1976.
July 1. 1946. Bonds will be
on and after July. 1,1961.
1
V-
bonds
callable
sewer
years.
These
000.
—
$250,000
Election
-
county
(P. O.
An
issue
airport
of
bonds
election to be held
to
match
Federal
Oct. 12,
funds for the
on
springs.
(
tem
revenue
refunding, series of
1941 bonds and the 3%
refunding,
Bonds
Frank
.
Sold—It
is
stated
Jefferson
•Y
Indep. Sch. Dist.
(P. O. Hamshire), Texas
not
sold
as
coming/
Bonds
bids
no
were
bonds
Clarksville, Texas
*
water
rie<i at
f
;
:
extension
Bends Voted—^An issue of $75,an
and
sewer
bonds
election held
Y y
car-
000
in 1947
214 s, due
Y
recently.
:
*
Y Y': Columbus, Texas
' Bonds Sold—It is stated by R.
to
bonds, divided $16,due on April 1
to 1951; $40,000 as
214 s,
as
on
1961, and
due
on
April 1 in 1952
$84,000 as 23/4s,
April 1 in 1962 to 1976,
all inclusive.
'.YV'y:
Y
Hastedt, Town Manager, that Y
$77,500 city bonds, approved by
50,000 sewer bonds, divided $5,tjie voters on March 30, have been ;
000 as 214 s, due on Oct. 1 in
sold..
" ; '■ ■■
y Vy.
Y
1947 to 1951; $5,000 as 2y2s,
Dee
1947
to
195 5,
inclusive.
Interest
Water District
No. 4
(P. O. Beaumont), Tex.
Voted—An issue of $2,750,000 sewer construction bonds
was favorably voted at an election
held recently.
Y
Bonds
subject
Bond
.
the
(P. O.
Texas
Albany),
Y
to
Shackelford County
4,
Amount
Specified — The
hospital bonds ap¬
amount of the
proved
at
Sept. 5,
was
the
election
held
on
$65,000.
Sweetwater. Texas
Bonds Voted and Defeated—At
the
election held on Sept. 10 the
following bonds aggregating $364,000; were approved: $160,000 wa¬
sewer extension; $128,000
paving and grade separa¬
tion, /and $76,000 hospital im¬
street
provement bonds.
At the
•
tion Building, and $46,000 public
library bonds. ,:Y"Y:YYYyY
Brady, City Clerk, has
advised that the City is planning
to sell on Oct. 17; the $5,700,000
public improvement bonds," orig¬
inally offered for sale on June 27.
}
-
/
•.
County (P. O. Weatherford), Texas YY:y~Y;YYYv
Price Paid—It is
now
stated by
the
County Judge that the $50,000
hospital, series of 1946 bonds sold
to
the
First 1) National
Bank
of
'
•
.
'•
-Y
'
YY"
:•
•' '"YY
series
000
of
1946, hospital bonds
awarded recently to H. D. Shaffer
& Co.; of Amarillo—v.
of
Bank,
Tulia,
with
associated
was
164,
p.
1372
also purchased by the First
National
which
the
above
named, paying a price of par, as
follows:
$5,000 maturing $1,000
Aug. If 1947 to 1951 as l%s, $19,000 maturing Aug.
1, $1,000 in
Weatherford, V taking $10,000 as 1952 to 1956, $2,000 in 1957 and
iy2s, and $40,000 as l%s, as noted 1958, $5,000 in 1959 and 1960 as
here—v. 164, p. 1132—it is now ■l%s, and $76,000 maturing Aug
reported by the above official that 1, $6,000 in 1961, and $7,000 in
bonds
bank
at
were
awarded
price
May 1, 1946.
a
of
the
to
Dated
par.
:Y
Pasadena Indep. Sch. Dist.
(P. O.
con¬
with
the
report .given
July that $680,000 school
bonds
had
been : purchased (by
Moroney, Beissner & Co. of Hous¬
ton, as l3/4s and 2s, at par, it is
in
Due
•
on
refunding ' bonds.
Aug.
10
in
1947
to
'
Texas
(State of)
Fiscal Year to Start with Large
—
It
estimated
was
re¬
cently by George Sheppard, State
Comptroller, that Texas will start
its
new
fiscal year on Sept.
1
with a surplus of $26,342,938.
He reported also that approxi¬
mately $1,000,000 of the money
appropriated for use in this fiscal
year will be unspent and revert to
the State general fund. By special
provision that appropriation for a
new State office building will be
carried into the next year.
Mr. Sheppard
- Yf
said July receipts
$34,851,338 making a total of
$314,890,643 for the year. A por¬
were
595,000 2% refunding bonds. Due
on Aug. 10 in 1950 to 1961.
Denom.' $1,000.
Dated Aug. 10,
1946. Legality approved
by Chap¬
man
23As. These bonds
as
all dated Aug. 1, 1946.
Surplus
Pasadena), Texas
$85,000 1%%
1962 to 1971
are
& Cutler of Chicago.
Inter¬
est payable F-A,
tion
of these
totals
are
non-rev¬
receipts, being paid in to;
the State merely to transfer to
others such as the payment on
enue
Y
road bonds.
;
y
,
\
Crowley
Independent
Sch.
Dist.,
,
' Bonds Approved—An issue of
$20,000- 3%
construction
bonds
due
on
and
; : -
Tex.
the
Oct. 1 in 1952 to 1956,
remaining $40,000 as
23/4s, due on Oct. 1 in 1957 to
1976, all inclusive.
*
.
was
approved
on
Attorney-General,
Sept. 12, by the
r
Dated
tion
Oct.
Revenue
Kerrville,
r
Tex.
Bonds Sold—An issue of $400,water works revenue bonds
000
was
purchased on June 22, by a
syndicate composed of Crummer
1, 1946. Denomina¬ & Co., of Texas, of Dallas, Russ &
$1,000. Interest payable A-O. Co., of San Antonio, and McClung
•<
Swisher County (P. O. Tulia), Tex.
1 • Bond Sale Details-YThe $100,-
—were
Parker
Y
Y
time the following
same
bonds aggregating $161,000, were
defeated! $60,000 park improve¬
•
y-Y" 1949.
Jefferson County
$50,bonds
sewer
Sept. 23.
on
:
—
Frank W.
::
payable F-A.
of
issue
ments; $55,000 Police Administra¬
San Antonio, Tex.
Bond Offering
Scheduled
^fer
000
sold
were
election
forth¬
,
'
Texas
Sold—An
is said to have been purchased by
Crummer & Co., of Dallas. These
-
Lerner, City Secretary,
Bonds
Sold—It
is stated that
series of 1941 bonds, are being that the
following bonds aggre¬
$150,000 school bonds were pur¬ now stated that the original pur¬
called for payment on Nov. 1, at
gating $190,000, were sold recently chased on
Aug. 8 by the Dallas chaser of these bonds was a syn¬
the
American
National
Bank, at par to Crummer &
Co, of Dal- Union Trust Co., of Dallas, as 114 s, dicate composed of R. A. Under¬
'Austin. .Interest ceases on date
at a price of 100.20, a basis of wood & Co., of Dallas, and asso¬
•''■'called.
'
*':■
'
-:f;yYy yY;
$140,000
works 1 and main about 1.459%.
Due $15,000 from ciates, as follows;
'"X:'
*
'
•
000 water works and
$25,000 water works system bonds
offered on Sept.. 14, but were
CountyHamshire-P{ew here
Ip'V Holland
by
J.
•'
Seagoville,
W
nection
.
.•
on
par
ter and
Novice, Texas
Additional Information—In
project.
optional
1, 1956, at
tional Bank in San Antonio, or at
the Peoples State Bank,
Rock-
re¬
will be submitted to the voters at
an
becoming
after July
July 1, 1946.
est (J-J) payable at the Frost Na¬
Bonds Not Sold—It is stated by
H. G. Adams, City Secretary, that
I. the
Tex.
—
yv
$1,000.
Dated
Principal and inter¬
Y.
held
fol¬
Denomination
,
election
an
were
as
yYand interest.
■
cently:
sewer
-
v
.
at
Co., of
740—It is
21/£s, and mature
terest.
were
P<''y214s.y-'YY;Yv ;:V''
by H. L. Shaffer & Co. of. Lub¬
4
p.
85,000 street improvement bonds.
;
Due on July 1 in 1947 to
1981;
Y
'bonds maturing in 1957 to
Munday, Tex.
ratified
164,
$40,000 water revenue bonds. Due
on
July 1 in 1953 to 1973; opY
tional on and after July 1,
Y
1956, at par and accrued in¬
Bonds Voted—An issue of $50,000 street improvement bonds was
YY
450,000 permanent paving bonds,
•'-"'•"as
bock;
$70,000 various purpose bonds
incinerator
2V4s.
.
is stated that
the following bonds aggregating
$82,000, have been purchased at
.y;
garbage
bonds, as 2%s.'
60,000 traffic signal
Friona, Texas
Carrizo Springs, Tex.
„
210,000
Bonds, Sold—It
y
y;
'Bond Election Held—An issue
(
Tex*
Dist.,
gymnasium
Aug. 31.
on
date
on!
ceases
Sch.
as 2J/4S.
separation bonds,
30,000s grade
as<2^s.
bonds carried'at the election held
10, 1941. Denom.
bonds are due in
Interest
Frankston
000
1935, amounting to $127,000, are
called for payment on Oct. 10, at
the State Treasurer's office, Aus¬
K
) 120,000 bridge bonds,
Sept, 14.-
Bonds Voted—An issoe of $30,-
;
^ bonds, Nos. 1806 to 1918 and 1922
to
on
\
■
■'
lows:
—
tion; held
"
■.
.
reported that the bonds
sold
revenue
recently by
the Robert Mclntyre Co., of San
Antonio, as 3V2S, at a price of par.
Dated July 1, 1946.. Legality ap¬
proved by Dumas & Huguenin, of
•
Jones,
Tex.
Bond Sale Details—In connec¬
tion with the sale of the
$125,000
bonds to M. E. Allison &
•
.
Dist.,
Rochsprings, Texas
■<
trille), Texas
Call—W.
R.
1
construction
bonds was
approved at the election held on
•
I Bond /
Sch.
San Antonio—v.
sewer
Dated
March
on
250,000
bonds was purchased
*
Trustees.
Due
1966.
Sept. 21.-;
New
Oct.
on
Pickens, Secretary
of
1946.
Bonds Voted—An issue of $1,-
Lott, Tex.
Bonds Sold—An issue of
and
1,
Port
,
I
E. Weigold & Co., all of Dallas.
<
s,;;y
York, R. S. Dickson & Co.,
24, for the purchase of
Marion County (P. O. Jefferson),
I of Charlotte,
Laidlaw & Co., of
$266,000 sewer revenue bonds, to
Texas/yY'YYY'.'Y.
New York, G. H. Walker & Co.,. I" ?/YYY' •;';;
bCar not exceeding 5%
interest.
Bonds
Sold—The
of St. Louis, City National Bank
$25,000 3%
Dated Oct. 1, 1946.- Denomination
series of 1946, airport bonds have
& Trust Co., of Kansas City, Mc¬
$1,000. These bonds are due seri¬
been sold to the E. Kelly Brown
Donald & Co., of Cleveland, Fort
ally in hot to exceed 35 years. The
Y
Worth
National
Bank, -of Fort Investment Co., of Dallas, at a
bonds are to be optional five years
price of par.
from date at par, plus a premium Worth, Stern Bros. & Co., of Kan¬
sas
City, Gordon Graves Si Co., v Bond Legality Approved — An
of 3% which shall be reduced on
A-O.
Charles Clark & Co., both of New issue of
$
$25,000 3% airport bonds,
each annual maturity date there¬
'
Brazoria Cif jV Texas.'
after at a rate of y2 of 1% so that York, F. S. Yantis & Co., of Chi¬ series of 1946, has been approved
Bond
Sale
Postponed— It
is 10 years after date the bonds shall cago, Chace, Whiteside & War¬ as to legality by Dumas & Hugue¬
ren,
of Boston, First National nin, of Dallas
stated by Sophie B. Hoefle, City be
These bonds are
optional at par and accrued in¬
Secretary, that the saleYpfY-the terest. The successful bidder will Bank, of Memphis, Dallas Union dated Sept. 1, 1946.;
Trust
Co., of Dallas, Chas. B.
: $50,000,
not to exceed 4% semi¬ be furnished the printed-bonds,
White & Co., of Houston, McDon¬
Memphis, Texas
annual water works and sanitary
copy of the proceedings, the ap¬
ald-Moore
& y Co.,
of
Detroit, 4 Additional Information — It is
Yi sewer, system bonds, .which had proving opinion of McCall, ParkThomas & Co., of Pittsburgh, and now stated by the City Secretary
t been .scheduled
for Sept. 24, has hurst &
Crowe, of Dallas; the
John
C.
Clark &
Co., of New that the $15,000 21A% municipal
been postponed.
bonds will be delivered to the
York, at a price of par, a net in¬ airport site purchase bonds sold
Capitaly National Banker; Austin,
CameronTex,. "Y ~
terest cost of "about 2.19%: These recently —v. 164, p. 1132 —were
Bond v Election
An
issue
of without cost to the purchaser; all bonds are divided as follows:
purchased jointly by the First Na¬
bids must be so conditioned.
• Y
$500,000
electric
light
revenue
$1,260,000 sanitary sewage dispos- tional Bank, and the First State
bonds will be submitted to the
f'
Bank, both of Memphis, at a price
Farmers Branch, Texv';;val bonds, as 2s.
lyvoters at an election to be held
240,000 permanent paving street of 100.006, a basis of about 2.49%.
Bonds Voted—An issue of $70,on Oct. 8.
Dated July 1, 1946. Due $750 from
improvement bonds, as 2s. Y:;
000 Y water
and
fire
protection
July 1, 1947 to 1966, incl.
Cameron County- (P. O. Browns- bonds was approved at the elec¬
1,140,000 airport bonds, as 2V4S.
sealed
ceive
Chas.
.
due Nov. 1, $750 in 1947 to 1958
and $1,000 in 1959-
works
O.
Board
in 1947 to
Independent Schoot
:
District, Tex.
Bond Sale—The $10,000 refund¬
ing bonds offered for sale on Sept.
19, were awarded to the RansonDavidson Co., as 4s, at a price of
par.
Dated Nov. 1, 1946. Denom.
$1,000 and $750. These bonds are
water
A.
the
March
1
Tex.
164, p. 1644—were awarded to a
syndicate
headed
by
Lehman
provement;
im¬
sewer
Bond Sale—The
i
tion
tion on Sept. 7 the voters rejected
the proposal to
issue $9,069,000
♦
Houston,
>.}■■}•
Election —The
$200,000
225,000 water and sewer system;
$750,000 power plant and distribu¬
Metropolitan Water District
Bexar
bonds
Tex.
issuing
of
on
bonds for various purposes.
•
*
t
^
1775
—■
"$ Enclose
4
THE COMMERCIAL & FINANCIAL CHRONICLE
*
•
<
willi
Phillips Indep. Sch. Dist. (P. O.
Phillips), Texas
Bonds
Not
Sold
The $438,-
receipts for July were
$27,036,364 and the revenue
of the year so
total
far $277,262,222.
—
000 not to exceed 2% school house
bonds offered for sale
—v.
all
164,
bids
p.
on
Aug. 14
were
Uvalde, Texas
Sold—It is stated by R.
W.
as
Evans, City Secretary, that
rejected, the following bonds aggregating
740—were not sold
received
Bonds
THE COMMERCIAL & FINANCIAL CHRONICLE s
1776 *
V
Monday, October, 7, 1946
1
VERMONT
were awarded on Sept.
12 "to Russ & Co. of Sari Antonio,
$230,000,
Ripley, W. Va.
'Pp
Waterbury, Vt.
and
Bonds Offered for Investment—
An
issue
of
$89,000 2 % % sewer
associates, on a non-callable
Bond
Issuance
Proposed — A revenue bonds is being offered by
basis, at a net interest cost of
about 2.34% : $150,000 street;* $50,- recommendation has been made Widmann & Co. of Cincinnati, for
for the issuance of $80,000 water
000
general subscription. Denomina¬
sewer,
and $30,000 airport
bonds.
Runner-up in the bidding
R. J. Edwards, Inc., and;as¬
was
sociates,
offering
net
a
interest
cost of about 2.45%.
bonds.
'v4y V
(
Orange Indep, Sch. Dist,
(P. O. West Orange), Texas V
Bond Sale Details—The District
Secretary
now reports that the
$250,000 school bonds sold on Aug.
1$ as l%s—v. 164, p. 1004—-were
purchased by H. J. Lutcher Stark,
of Orange, at par. Due from 1947
to 1966; optional on Jan. 1,1957.
WASHINGTON ^
/
Burlington, Wash.
<
%
|
*
.
Bonds Offered—The City Clerk
West
,
tions
received sealed bids until 5 p. m.
On Oct.
1, for the purchase of $60,000 general obligation bonds, at
not
exceeding
6%
interest.
De-
$1,000. These bonds are due
$3,000 in 1948 to 1963, and $4,000
nom.
!
Other billions are added to the
Bond
Peck, Shaffer & Williams, of Cin¬
Offering—Carroll Carter,
County
work
backlog by Federal - aid
highways,
rivers
and ; harbors,
flood
control
projects, Federal
Treasurer,
sealed bids until 10
will
a.
m.
receive
on
Oct.
15, for the purchase of $180,000
post offices and buildings,: and school bonds, to bear not exceed¬
Veterans Administration hospitals ing 3% interest.
Dated Nov. 1,
the
or
are
$11,000 in 1948, $12,000 in 1949 to
1953, $13,000 in 1954 to 1957, $14,-
The Federal Works Agency has
vequests
from
advances to plan
counties for
560
cities
States,
and
000 in 1958 to
7,-
1961.
$2,757,136,-
totaling
projects
1960, and $15,000 in
Principal and interest pay¬
able at the County Treasurer's of¬
fice or at the fiscal agency of the
599, and as of June 30 these local
governmental units had completed
their own plans for 5,500 projects
to cost $1,350,000,000, according to
FWA records.
Denoni. $1,000. These bonds
due on Nov. 1, as follows:
1946.
partially by
national government. <■ i-Jrp
wholly
State
in
New
York
City.
Said
bonds will be sold with the opin¬
ion of Preston, Thorgrimson, Hor¬
owitz & Turner, of Seattle, ap¬
V;.
*
Congressional act, FWA ;;
Pullman, Wash.
to assist States,
Bond Sale Details—It is now
cities and counties in planning
reported by the City Clerk that
non-Federal public works.
the
$120,000
sewage
treatment
Advances are repayable with¬ plant and water works revenue
out interest upon the beginning of bonds sold at par for $84,000 as
construction. Otherwise, they, are 2s, and $36,000 as 1 Vzs, as noted
free, but George H. Field, com¬ here—v. 164, p. 1132—were pur¬
missioner of FWA's Bureau of chased by the Washington Trust
Community: Facilities, said ap¬ Co. of Spokane, and the. First Na¬
plicants "must show capacity to tional Bank of Pullman, jointly.
build with their own funds within Interest payable J-J.
Under
has
four
>
$65,000,000
years" before they get an ad¬
" V
•
■
&
Co., of
Cincinnati,\'Pp- ciiPpp,
Wyoming
(P.
County
O.
.
Pineville), W. Va.
Bond Option Granted—In con¬
nection with the offering on Sept.
14 of the. $975,000 2%
coupon
building and improvement bonds
—v.
164, p. 1260—it is reported
that a syndicate composed of Blair
& Co., Inc., the Commerce Union
Bank of Nashville, Walter, Woody
& Heimerdinger, Westheimer &
Co., Widmann & Co., all of Cin¬
cinnati, the Wheeling Dollar Sav¬
ings & Trust Co. of Wheeling, and
Wm.
Seufferle &
C.
Co.
is
given to local
agencies that have voted bonds to
'finance projects. ...(■^/''■■}\Ppp
:
Preference
approved
to Aug. 31 was for planning water
main, paved street and sewer ex¬
tensions ; and improvements and
for new school buildings and ad¬
The bulk of advances
ditions.
Bonds Offered for Investment—
Dominion Securities Corp.,
Ltd., and W. C. Pitfield, Ltd., are
offering for public subscription
an issue of $1,050,000
2%, 2%%
and 3% local improvement de¬
bentures, divided as follows: ^
Date of
CUntonvUle Sch. Dist. No. 1, Wis.
Bond Offering—R. L.
Lendved,
District Cllerk, will receive sealed
bids until 7 p. m. on Oct. 10, for
the purchase of $325,000 building
bonds, to bear not exceeding 2%
Dated Oct. 15,1946. De¬
$1,000. These bonds are due
April 15, as follows: $15,000 in
1949 to 1955, and $20,000 in 1956
interest.
nom.
multiples of % of 1%, Principal
and interest (A-O) payable at the
Interest
,
Principal
Sept. 1
Amount
Rate %
1947—
2%
2%
$40,000
40,000
•
45,000
2%
V
2%
2%
Seattle, Wash.
office
of
the
District
Treasurer.
$546,355,941 and for 1,317
expansions or new build¬
ings to cost $3,108,415,189.
"\
cost
school
approved for ad¬
include: 300 highway, road
-Other
vances
and
items
projects, to cost $46,-
street
820,998; 41 bridges, viaducts and
railway
overpasses,
$28,426,458;
35 airports, $19,895,981; 158 hos¬
pitals and clinics, $73,470,874; 392
public buildings, such as court¬
houses and city halls, $117,187,172;
178 -parks and other recreational
facilities, $29,943,129; 72 miscel¬
laneous projects, $116,481,309. ;;
<
Field
the
said
program
is not
designed primarily to cushion un¬
employment, but to provide need¬
ed public works as soon as pos¬
sible.
:■
."'v-
..
In the event it is
emergency
turned into an
employment
creator,
Field said "it can give work
im¬
—
.
' 70,000
3%
Sept.
in
1, 1946.
Coupon
the denomination
registration
as
to
pointing out that it
to get 100,000
working on public construction in
1933-34 "because there had been
no advance planning."
"
.
18
months
Huntington, W. Va.
'
UTAH
■
Ogden, Utah
Bond
[
election
Sept. 27 the,.voters
Election—At
to be held on
an
will consider an issue of bonds in
connection with
a
$1,025,000 con¬
struction program.
Bond
Call—George R. Heffley,
City Clerk, is calling for payment
as
of
Nov.
1,
all
bonds
Nos.
worth, Chanute,
Co., jointly.
18
..
,
said bonds; are notified "to
at place of
nated therein.
date called.
present
payment desig¬
Interest-ceases
on
Loughridge
&
CANADA
rev¬
to,
377,
amounting to $360,000. Dated May
1,1941. Denom. $1,000. Holders of
same
a
Montreal, the Dominion Securi¬
Corporation, Ltd., of Toronto,
and Wood, Gundy & Co., Ltd., of
Toronto, at a price of 97.81, on the
issue divided
as
follows:
Date of
Principal
Rate of
Amount
Interest
1947-*..—-$4,000,000
:
1948™
l*/4%
m%
182,000
.—
'
1949^—
•
?
1950-««
1951i^l
1952^.
1953™
6,140,000 ;
5,575,000
250,000
1,508,000
125,000
125,000
.—
...
...
...
...
1954_.
1 1955
f
2V4%
2y4%
2y2%
•-
2^%
2%%
-
1957
•
1956
1
125,000
—
1%%
2%
125,000
—;; 125,000
1958™
/125,000
.
23/4% ^
2%% -
^
1
1 1959™
125,000
1 1960™.—.,207,000
:
V
2%%
2%%
23/4%
23/4%
23/4%
...
196L-.
1962-...
1963.-.
,—.
....
1964^^.
—^
1966...
...
;
776,000
125,000
<597,000
4,622,000
i6,630,000
3,329,000
'
3%
3%
*
1967—. w— 7,349,000
1969...
1,647,000
1972...
3%
3%
404,000
3,324,000
4,437,000
1973™
...
1974
^
;
j
3%
4,908,000
.
;
-
3%
3%
...
1971...
V
3%
3%
Dated Sept. 1, 1946.
AH of the
bonds mature Nov. 1, as shown
above.
Legal opinion to be fur¬
nished by Heward,
Holden, Hutch¬
inson, Cliff, Meredith & Ballantyne, acting for the syndicate, and
Charles Laurendeau, for the City
of Montreal.
Principal, interest
(M-N) and redemption premium,
if any, payable in lawful money
of Canada at the principal office
of designated chartered banks in
the Cities of Montreal, Toronto,
Halifax, Saint John, N. B., Que¬
bec, Winnipeg or Vancouver at
the option of the holder. Deben¬
tures of each maturity
City,
on
any
subject to
interest
maturity
date prior to maturity, upon not
less than 30 days' nor more than
60 days' prior notice, as a whole
or in part by lot, at principal
amount
the
and
date
accrued
of
interest
to
redemption,
plus a
premium of y$ of 1% of such prin¬
cipal amount for each successive
full
twelve
months during the
commencing on the date
fixed for redemption and extend¬
ing to the stated maturity date of
such Debentures, provided that
the premium payable shall in no
case exceed 2%.
Coupon Deben¬
period
tures in the denominations of
$500
and $1,000, and authorized multi¬
ples of $1,000, registerable as to
principal at the City Hall, Mont¬
real.
:
::
Montreal Metropolitan Commission
(P. O. Montreal), Que.
:
Bonds Sold—An issue of $3,000,000 funding bonds was offered
for
sale on
Sept 18 and was
awarded to a syndicate composed
of McLeod, Young,
WeirCo.,
Bell, Gouinlock & Co., and Mills,
Spence & Co., all of Toronto, as
23/4S, at a price of 98.275.
Run¬
ner-up in the bidding was L. G.
Beaubien
& Co., Ltd.,
real, offering a price
for 2%s. •
•
of Mont¬
of 98.135
These
bonds
are
next
due
in ,1947 to
;'..
Debentures Offered for Invest¬
ment—The successful bidders
re-
bidder offered the above debentures
for
McTaggart, Hannaford, Birks public subscription
priced as fol¬
& Gordon, at price of 97.70.
lows: 1957 maturity to yield about
Laprairie, Que.
2.78%; 1958 maturity to yield
Bond Sale—The $43,000 water
about 2.80%, and the 1959 matur¬
works and sewerage system im¬
provement bonds offered for sale ity to yield about 2.82%. Princi¬
1966.
The
highest
was
outstanding
Eastern Section flood control
enue
164, p. 1372—were awarded to
comprehensive syndicate headed
by L. G. Beaubien & Co., Ltd., of
v.
,,
mediately,"
took
$56,885,000
1946 refunding
issue, offered for sale on Sept 9—•
$1,060 each and with provision redemption at the option of the
for
V
■■
The
—
..
'
^Applications
have
been
ap¬
proved for planning 2,083 sewer,
water and sanitation projects to
Sale
,
-
debentures
of
.r.
21/2%
1966.
Dated
{
•
serial debentures,
....
45,000
20,000
45,000
1953—2%% ;
. 50,000
1954.
21/2%
50,000
1955
2y2% ;•£' 50,000
1 19562Vz%
50,000
2yz%
50,000
2yz%
60,000
' 2y2%
.
60,000
2y2%
60,000
; 1961.™
2Vz%
60,000
1962J
3%
60,000
1963..
3%
60,000
3%
65,000
3%
70,000
Rate of interest to be in
I Bond
v
Montreal, Que*
'
1965...
Maturity
.
'■pi
i
NOVA SCOTIA ,•
The
.
;
awarded to a syn¬ Maturity
Nov. 1
of Nesbitt,
Halifax:, Nova Scotia
of Cin¬
cinnati, has been granted a 30-day
option to purchase at par. Dated
July 1, 1946.
Due on July 1 in
1947 to 1980, incl.
Interest pay-
to 1966.
\
1946.
composed
principal.
Proposed
Bond
Election — A The bonds are being issued sub¬ All bonds mature on Sept. 1 of
the above .years.
Prin. and int.
proposal to issue $3,500,000 street ject to the approving opinion of
lighting improvement bonds may Chapman & Cutler, of 'Chicago, (M-S) payable in lawful money
of "Canada, at "Halifax, Saint John,
be presented to* the voters at the which
opinion will be furnished
N. B., Montreal, Toronto, Winni¬
November general election.
at the expense of the District. Pur¬
peg or Vancouver, at the option
Seattle Local Improvement District chaser shall furnish the printed
of the holder.
Legal opinion to
bonds at his own expense. Enclose
No. S473, Wash.
be furnished by MacDonald, Mca certified check for $10,000, pay¬
Bond Call—H. L. Collier, City
Innes, MacQuarrie & Cooper.
able to the District Treasurer.
Treasurer, has announced that the
above District's bond No. 24, is
ONTARIO
Whitehall, Wis.
Bonds Sold—An issue of $55,000
called for payment on Sept. 16.
;
Canada (P. O. Ottawa), Can.
Interest ceases
on
date
called. water revenue bonds was pur¬
Bills
Sold —The
$75,000,000
Cash is also available to apply chased recently by Barcus, Kin¬
on the following matured bonds:
dred & Co., of Chicago, as 2%s, treasury bills offered for sale on
Sept. 26, were awarded at an av¬
District No. 3943, Nos. 212 to 216; at a price of 101.078.
erage yield of 0.399%. Dated Sept.
District No. '4357, Nos. 692 to 698,
27, 1946. These bills are due Dec.
703 and 704.
WYOMING
27, 1946.
:
Vancouver, Wash. ppppp:, Laramie County Sch. Dist. No. 1
Huron County (P. O.
:
*;'}• (P. O. Cheyenne), Wyo. "
Bond Election Authorized—The
Goderich), Ont. ■ ■
j'",; :s;
City Council is said to have i Bond Sale—The $135,000 build¬
Bond Sale—The $250,000 county
passed an ordinance to resubmit ing bonds offered for sale on Sept.
bonds offered for sale on Sept. 25,
to the voters at the general elec¬ 24—v. 164, p. 1372—were awarded
were awarded to Anderson & Co.,
tion ifi November the $600,000 to a syndicate composed of the
of Toronto, at a price of 99.93.
sewer system bonds that were re¬
Stock Growers National Bank, of
The next highest bidder was the
jected at the 1945 general ballot¬ Cheyenne, Casper National Bank,
Canadian Bank of Commerce, To¬
ing. pp-pppfp
'Pipp^ppppppPp^p. of Casper, First National Bank of ronto, at a price of 99.81.
!
Laramie, and Coughlin & Co., of
WEST VIRGINIA
Denver, as 1.55s, at a price of
QUEBEC
100.073, a basis of about 1.543%.
P;"\P.,V. •' Chester, W.Va.
Drummondville, Que.
Dated June 1, 1946. These bonds
Bonds Sold—An issue of $305,Bond Sale—The $293,000 2^%
mature on June
1, as follows,
000 water and sewer system rev¬
$70,000 in 1957 and $65,000 in 1958. semi-annual improvement bonds
enue bonds was purchased recent¬
Interest payable J-D.
The next offered for sale on Sept. 23, were
ly by Magnus & Co., of Cincin¬
highest bidder was Harris Trust awarded to Burns Bros. & Denton,
nati.
' •„
"
ip-pp;- &
of Toronto, at a price of 98.041,
Savings Bank, Chicago, and Bos-
/
■„
vance
were
1957 to
on
Thomson
&
Co., of Montreal,
Bartlett, Cayley & Co., R. A. Daly
& Co., Burns Bros. & Denton, all
of Toronto, Osier,. Hammond &
Ripley, W. Va.
r! Bonds Sold—An issue of $39,000 Nanton, of
Winnipeg, at a price
water plant revenue bonds was of 98.64, a basis of about 2.84%.
purchased recently by Widmann These bonds are due Oct. 1, 1966.
~ piPrhp'* ' '•/;
cinnati.
f-,;
Of the requests, FWA reported
it has approved 4,630 arid advanced proving the legality of the same. able^J-J/|/f^
Enclose a certified check for 5%
$32,258,354 for planning.
These
WISCONSIN
of the amount bid
alone involve $1,296,997,951. ~
•
111999564575804820-
Voted
Bonds
sewage'
.
financed
bonds offered for sale
Fircrest, Wash.
terest
State
— The
following
disposal
plant
bonds
United States
amounting to $50,000 were favor¬
Huge ; Public Works Program
ably voted at an election, held re¬
Drafted by Cities and States —
cently: $25,000 general obligation,
States; cities ; and- > counties
are and
$25,000 revenue bonds.
mapping a $4,107,136,000 public
works program to be financed by King County- Kent Sch, Dist. No.
their own funds.
•;
413 (P. O. Seattle), Wash.
■
1,1960, are callable on said
Winnipeg, Man.
date, or on any interest payment
Bond
Sale—The
$3,000,000
date thereafter at par and ac¬
2%% public utilities and incin¬
crued interest. Principal and in¬
erator
2y2S,. and $31,000 maturing in
1966, as 3s. Dated Sept. 1>
as
ties
MANITOBA
March
payable at the office of the
Sept. 24,
Sinking Fund Commission,
dicate
Charleston. Legality approved by
in 1964 to 1966.
.
UNITED STATES
;;
$3,000 and $500. Dated March
1, 1946. Due March 1, as follows:
$1,500 in 1948 to 1953, $2,000 in
1954 to 1958, $2,500 in 1959 to
1964, $3,000 in 1965 to 1970, $3,500
in 1971 to 1976, and $4,000 in 1977
to
1980. Bonds
maturing after
Montreal, of Montreal, Bell, Gouinlock
&
Co.,
McLeod,
Young,
Weir & Co., both of Toronto, McMahon & Burns, of Vancouver,
Mills. Spence & Co., of Toronto,
and Associates, at a price of 99.03,
an average basis of about
2.72%,
as follows: for
$2,000,000 maturing
$200,0000 in 1947 to 1956, as 2y4s,
and $2,000,000 maturing
$200,000
in 1957 to
1966, as 2%s.
BRITISH COLUMBIA
British Columbia (P. O.
Victoria), B. C.
Bond
funding
sale
Sale—The $4,000,000
debentures
offered
on
Sept. 16,
were
awarded to the
pal and interest (May and Dec. 1)
re¬ Banque Cahadienne Nationale, of payable in lawful
for
recently, were awarded to a
syndicate composed of the Bank of
money of Can¬
a price of 100.05, an
ada
in
Montreal, Quebec and
basis of about 2.93%, for
•
$12,000 maturing in 1947 to 1956, Toronto, at the holder's option.
Montreal, at
average
@FedFRASER