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MONDAY
«#
«4
*oV
ommateiaL an
Pat. Office
Reg. U., S.
60 Cents a
Price
New York,
Number 4323 >
Volume 160
RAILROAD
INDUSTRIAL
PUBLIC UTILITY
-
9, 1944
N. Y., Monday, October
INSURANCE
-
Copy
MISCELLANEOUS
-
American Piano Corp.—25-Cent. Distribution—
Facilities—
The directors on Sept. 27 declared a dividend of 25 cents per share
The
company on Sept,
25 announced two large plants for can
the class A and class B stocks of no par value, payable Oct. 16 to
Abraham & Straus, Inc.—87 Vz-Gent Common Div.—
production .will be added to its operations; after the war..,,,/
>: .
holders of record Oct. 2., Distrbiuiions in 1943 weie as follows:
On
The directors on Oct. 4 declared a dividend of 87>/2 cents per share
.;
Gordon H. Kellogg, ..Vice President, reported that one of the .post,-,
Feb." 15V 50 cents,' and on July 30i* 25 cents; none since.—V. 160. p;„1074.
on
the common stock,' no : par value; payable Oct. 25 io, holders.- of.,
-war
construction programs would be the erection/of a * $6,500,000
record Oct. 14,
A distribution of $1.25 per share was made on this,
/manufacturing plant at St.^ Paul, .Minn.,: where- a.. 49-acre- site has
V American Steel & Wire Co.—New Treasurer—
'■<
been acquired.
issue dn July 25,' last, 'as "against 75 cents each on Jan. 25 and
Construction will begin as soon as labor and materials
John T. Farrell has been appointed, Treasurer of this company
'fare*available... This,.plant will employ 1,000 persons, and will absorb /,,;
'April 25. 1944.
In 1943 the following, payments-werfi .made:. Jan;-25,
-to sqcceed Robert Lewis, who resigned to become President of Cleve¬
the operations of a smaller plant now in .manufacture at St. Paul..
$1; April 24, 50 cents; July 24, $1.50, .and Oct. .25,.75. cents.—V. 160,
•
■
' • /, , /';• ;
p. 113..
/•
•;/ • "J
" V'/'iA
+
t,f: .f; / '/ The second, project involves the naval ordnance plant at St.. Louis, land Wire Spring 'Co.—V. 160, p. 322,
nbw operated by Amertorp Corp.,' a "subsidiary," for the ^manufacture of
torpedoes. American Can Co. will buy this plant and operate, it for
American Telephone & Telegraph Co.—Retirement—
Aetna Ball Bearing Mfg. Go.—Plans Stock Dividend—
can
manufacture.
. •
.To Offer Preferred Stock to Common Shareholders-^
/ /: "With these two additions the American* /"/v-/ ^ have■ ■; /■/ *Dr. Frank B; Jewett; Vice-President iii .charge cf development and
Can Co. will
59 can! research, retired om Sept. 30, having reached the company's retire¬
"The company, in a statement filedv\yith.tlie SEC,. .plans, to offer to
.factories,.and seven machine shops/ •;;—.//■/ •-•/.•■ ■
k
•,/ '•
ment age after four decades of service with the Bell system.
His
•common* holders subscription rights, to 30,375 shares of .5%
cumulative
Amertorp-; Corp.,- also operates a -plant-yfor the Navy- at Forest,
resignation as Chairman of the board of directors of Bell Telephone
convertible preferred, -$20 par, at $20-a share in the ratio of one share
'Park;,111., where torpedoes are manufactured.' No announcement has
Laboratories also-was effective the same date.—"V. 160, p. 1178.
for each four common 'shares held.
" '•■" ■7*''V1 'Vo ibeen made regarding the probable future of this plant.—V. 160, p. 1394.
Coincident with this offer, the company plans to declare a 100%
;
stock dividend on the common,which will result in .243,000 shares out¬
American Water Works & Electric Co., Inc.—Output—
standing and to "change the corporate name to Aetna Ball & Roller
Power output of the electric properties of this company for the week
Bearing Co."
;• ,*•
••
*,
'•'
•;
:
ending Sept. 30, 1944, totaled 84,718,000 kwh,, an increase of 3.22%
The pew! preferred is convertible' into "two" shares" of new common
Over the output of 82,071,000 kwh, lor the corresponding week of 1943.
:stock, is callable at $21 a. share, .arid has an annual cumulative sink¬
In This Issue 1
—V. 160, p. 1394.
,
ing fund of 10%' cf net earnings after deducting preferred dividends.
:
Bacon. Whipple-& Co, and- Raw,son Lizars & Co., both of Chicago,
Apex Electrical Mfg. Co.—Gets "VT" Loan—
111., are underwriting, the preferred offer to common
stockholders.
'The
proceeds will be 1 used to provide the company with working
Stock and Bond Quotations
The company has arranged a $5,000,000 VT loan with a group of
capital preparatory to post-war expansion of' manufacturing facilities,
Cleveland and New York banks in preparation for reconversion, it was
and diversification of production.-—V. 158f .pi," 2245; V. 157, p. 1142.
1
'•
V.
Page
announced in Cleveland.
The loan will be used to finance the company's war work and will
Akron Canton & Youngstown Ry.— Earnings
//•%'
New York Stock Exchange (Stocks)_™_™™__1533
permit the release of capital for the compai y's regular business.
A
1944
1943
--1942
1941
New York Stock Exchange (Bonds)-—
1544
substantial expenditure will be required to reconvert the company's
August$422,735
$3-70,ShA;
' $2SG,5.?S
facilities to making its regular ^-ducts. 'which include washers, ironera
Gross from, railway-,.,™
viv WMs-Yorh Curb. Exchange-—-'
r1548
145,073
143,592
' v 72,370 " ' 101352'
and vacuum 'cleaners. ' Apex has x^uhicd permission from the War
Net 'front- railway,.-—
—
;
American Can Co.—To Add To
*
on
*
.
,
1
>
:
-
.
.
,
Net
,
38.337
from
Net
ry. oper.
Bait! uitojre Stock.
2.049,854
854,433
499,034
..
3,124,714
1,105,752
2,942.547
1,244,492
2,189,490
549.370
635,434
382,371
income-™
Detroit Stock Exchange.------—
directors recently declared a dividend cf $5 per share on
account of accumulations and a regular semi-annual dividend of $2.50
Los
cumulative preferred stock, par $100. both
On June 15, last, a
.
*
; ' . . .
. ■
share on the 50
per
holders of record Sept. 15,
tribution of $2.50-was made.
•
The $5" accumulated dividend, which was
able
* the
-
Oct.
to
1
period Oct. 1,
1938 to Sept. 30,
Net
ry.
railway-...-,™
from
Net
697,441
155,833
_
1941
$990,776
955,668 " . 432.827
156,778
257,865
$1,855,960 :
287,788
ffromJari.l—
Gto.ss
from
Net
r,v.
railway-'—
from
Net
—V.
railway._
oper. Income
160,
p.
15,369.449
6,059,319 ' '•* 7,548,495
1,326,270
1,819,417
14.935,336
-
12,214,099
- 5,910,147
1,326,665
,
Alleghany
Corp.—Definitive Notes Heady
The Course of Bank
—
Allegheny Ludlum Steel
Gas
Co.—To
Purchase
.
;
Prop¬
/
asked the SEC to approve its arrangements to finance
purchase of gas manufacturing properties and distributing facili¬
in Berks and Northampton Counties from the Metropolitan Edison
Co.
To obtain
the $1,345,000 purchase price, AIIentown-Bethlehem
would issue to its parent, the United Gas Improvement Co., 12,000
shares of $50 par common stock for $600,000 cash and a 4% promis¬
sory note for $600,000.
The remaining $145,000 is to be obtained from
Allentown-Bethlehem's treasury or from sale of Government securities.
160.
p.
618.
-
and
REctor 2-3600
STREET,
Fund—Commencing in 1945 and continuing
of
part/at any time on at least 30 days' notice at redemption prices
in percentages of the principal amount), together with
the date fixed for redemption:
At 107 if redeemed
during the 12 months ending Sept. 30, 1945, and decreasing each year
thereafter to lOOVa in 1973, and 100 thereafter.
Bonds will be redeemable upon like notice with cash deposited with
the corporate trustee for the maintenance and replacement fund or
the current sinking or other fund requirements, or with such proceeds
of the release of property as must be applied to retire bonds, ab
special redemption prices (expressed in percentages of the principal
amount), together with accrued interest to the date fixed for redemp¬
tion.
If redeemed during 12 months' period ending Sept. 30, 1945, afe
104xh, the price being reduced each y/Car thereafter to 100y2 in. 1973
and at 100 thereafter.
; "
,
*
Purpose of
American Cyanamid Co.—Stock Change
Issue—Net proceeds (estimated
the .company,
To
Approved—
as
stockholders on Oct. 2 voted to accept the directors' recom¬
mendation for changing the 80,000 shares of class A stock and 3,620,000
shares of class B stock into a single issue of common stock with equal
voting
to
rights.
Under the present set-up only the A
stock is entitled
was
announced that 90%
the meeting approved
of the A stockholders
the
exclu¬
$265,000 of 2.88% series due 1956
of accrued interest, will require
'
entitled to vote
DEPARTMENT
oAllen & CO.
1922
NEW YORK 4, N. Y.
30 BROAD STREET
New York 1-576
265,000
exclusive
.—..V-'.—
185,000
'
v
-
HAnover 2-2600
.
Bell Teletype: NY 1.-573
7
.
■
_
'
|Banks, Corporations and Individuals have found
I
us an effective market place for large or small
!
,
BLOCKS of SECURITIES
4
which
|
§
Telephone:
—
the change.—V. 160, p. 977.
MUNICIPAL
Association
$31,647,000
at 100, which, exclusive
the sum of™
$185,000 of 2.73% series due 1959 at 100, which,
of accrued interest, will require the sum of
vote.
It
redeem
follows:
as.
Teletype
$30,686,700) to be received
together with $1,410,300 of cash from the general
the following purpose:
company's iirst and refunding mortgage gold bonds
$30,800,000 of 5% series due 1956 at 102%, which,
sive of accrued interest, will require the sum of™_
The
Municipal Rwitds
5
equal
an
in whole or
(expressed
FLORIDA & NEW JERSEY
Bell
to and
issue of
cause the
accrued interest to
£§
NEW YORK
Philadelphia Telephone
Enterprise 6015
Other
is designed (on the basis of the initial
to retire $8,700,000 of 1974 series bonds or to
the right to the authentication and delivery of
1973,
in
by
Established
NASSAU
bid
funds, will be used for
INCORPORATED
45
waiver
companies,—V. 159, p. 2073.
Kobbe, Gearhart & Company
Telephone
or
$30,000,000)
,
Dealers, Institutions, Corporations
Members New York Security Dealers
Co., Inc., Oct. 2 on a
corporate trustee.
Sinking
Davey
Unlisted Securities
For Brokers,
York,
SPECIALIST IN
Offerings
awarded Halsey Stuart &
Other bids received were 102.6299 for 3l/as by PiUon,
and 1G2.529 for 3Vhs by the First Boston Corp.
Dated Oct. 1, 1944; due Oct, 1, 1974.
Interest payable April'1 and
Oct. 1 in N. Y. City at principal office of Guaranty Trust Co. of New
$102,889.
of
Read, & Co.,
Pa.—-New V.-Pres.—
has been elected Vice President of this company
its affiliate,
the American Aviation & General Insurance Co.,
will supervise operations Of the' aviation departments in both
N.
FIItM
-
accrued interest.
was
principal amount of bonds issuable under the mortgage.
Bonds will be redeemable at the option of the company
American Casualty Co., Reading,
at
Bids
issue
The
v
Company has
—V.
104 and
at
Light Coz-^-Bonds
investment banking houses
including
Fred
//
,
Offered—A syn¬
headed by Halseyf. Stuart & Co./ Inc., on Oct. 4 offered to the public
$30,000,000 first mortgage bonds, 3Va% series, due 1974,
.
the
ties
I.
'/.■••;
.
—1564
Condition Statement of Member Banks of
Federal Reserve System
1564
Transactions New York Stock Exchange.—1543
Transactions New York Curb Exchange——1543
Stock and Bond Averages
1543
Corp.—Redemption Notice-
U-V
'
.
Arkansas Power &
dicate of 85
Reserve Banks
and
'
plants.—V. 158, p. 1630.
1560
1563
Clearings
-
-
Mass.; has
Rates
—„1564
Combined Condition Statement of Federal
the preferred shares of Allegheny Ludlum Steel
Corp. on Dec. 1, 1944, at $110 per share plus the regular quarterly
dividend of $1.75 a share wilj be made from working capital without
assistance of outside financing, E. J. Hanley, Secretary-Treasurer, an¬
nounced on Oct. 5 in sending formal notice of the proposed redemption
to stockholders.
A total of $3,172,359 will be used for this purpose.
There are 28,388 preferred shares outstanding on which dividends
amounting to $198,716 annually have been paid since the stock was
issued 22 years ago.
Following redemption, the amount of the annual
preferred dividend will be available for the common stock of the com¬
pany, equivalent to slightly more than 15 cents each on the 1,262,863
outstanding common shares.—V 160, p. 1393.
AIIentown-Bethlehem
:
Foreign Exchange
all
erties— ''
.
Auction Sales
notes due April 15, 1954,
are
now
ready for exchange against outstanding temporary notes
at the Continental Bank & Trust Co., 30 Broad St., New York, N. Y.
—V. 160, p. 1177.
'
"■ ,/ ';/
■*./ . « -:'
Redemption of
Exchange————
Investment News. 1521
State and City Bond Offerings and Sales—_1569
Redemption Calls & Sinking Fund Notices_1561
Dividends Declared and Payable—
—1561
Definitive Vk%- secured convertible coupon
Plant—
Associated Press dispatch, the plant of this company
been Sold to Jackson Properties, Inc., of Lowell,
Mass., for an approximate price of $140,000.
All electrical power and
water
rights were included in the transfer
The transfer did not
involve the company's plant at Anderson, S..C.
The dispatch added that the Lowell plant had not produced any
cotton since 1928, but was furnishing power to about 25 manufacturing
General Corporation and
977.
a new type
Plans call for the production
of output Of'the company's regular
with experimental work on
Appleton CoA-Sale Of
Miscellaneous Features
6,878,935
2.543,594
1,501,462
proceed
to
after resumption
According to an
■
Exchange
unit
products.—V. 159. p. 2626.
of
in Lowell,
1556
—1558
Montreal Curb Exchange
,—.1558
Toronto Stock Exchange
.1556
TdYOiiio Stock Exchange—Curb Section—1558
Ovef-the-Cotftffei' Markets.
——-.1559
St. Louis Stock
Montreal Stock
/
1942
1943
$1,922,566
1,005,143
-$1,833,248
oper. income™
Pittsburgh Stock Exchange.;
1939, inclusive.—y, 160, p. 977.
'"
1944
Augustit&tti railway.,—
Gross
Philadelphia Stock Exchange.—,
pay¬
dis¬
paid from surplus, is for
RR—Earnings—
Southern
Alabama Great
Angeles Stock Exchange—_
line
•
___1554
1554
_______1555
1555
——1556
—1556
this, new
clothes washing machine.
automatic
of
1554
-
Cleveland Stock Exchange
Account of Accumulations— .■ r
Pays $5 Per Share on
Board
Production
of
Chicago Stock Exchange-Cincinnati Stock Exchange
The
.
Exchange----1553
Fusion Stock
railway
Net
-.,64,612
700,238
80,783' 1
1—
railway—™
from
Gross
<18,175.-''
.'
oper. inevme™.,,
ry,
Prom Jan,
'
are not
readily marketable.
INQUIRIES INVITED
•
^
gj
g
1
.3
|
g
3'
HILL, THOMPSON
120 Broadway,
& CO., INC.
New York 5, N. Y.
•
i
Outstand'g
Authorized
First
$7
pfd.
stock
Common
Summary
June 30,
12 Months Ended— '
Total
Operation
of $1,056 annually.
—
93,943
78,927
1,152,934
$6,752,271
$6,085,365
938,920
1,269,223
.1,714,453
Dr56,250
1,543,633
18,524
$4,076,389
1,616,792
$3,291,032
159,867
deducts—
1,298,142
162,415
1,263,093
——
bonds—
int. &
—V.
Net
T>763>908
178,744
$1,269,419
of
concentrates
ore
realisable
value
Net value
.
$2,025,366
of copper
Sales
in Arkansas Oct. 2, 1926.
excluding
and
milling
other
and
general
Provision
were
revenues
the
sale
13%
and
June
transportation
from
.
.
Jan.
1.
1944.
Halsey,
A.
Stuart
&
service.
as
*
&
Inc.—_
Co.,
1,325,000
i
before
Phelps, Fenn. & Co—
E,
Rollins
H.
&
*
Scnoellkopf,
Hufton
debt
&
1,325,000
Inc.— 1,000,000
A. G. Becker & Co., Inc.
750,000
H.
M,
Byllesby
&
&
150,000
Cor¬
bet!, Inc., ——1—_
Mather
8s
Alfred
Cook
G'Gara
Rausrher,
Co.,
&
&
Pierce
Inc.,'
Co.—
750,000
Townsend, Dabney &
Blair & Co.—,
500,000
Burr
Co.,
Hayden,
&
Stone
500,000
CP
—
500.000
Tyson
Inc.
Wurts. Dulles & Co.—__
500,000
F.
Field, Richards & Co.—
Graham, Parsons & £o.
Schwabacher & Co
400,000
400,000
The
400,000
Bioren
356,000
Brooke. Tindall & Co.—
John
&
B.
Co
Ferris
in
L.
Day
Co.
ez
Dickson
S,
258,000
—
$
.250,000
of Michigan
'
250,000
250.000
— „
Illinois
of
Co.
'
250600
'Chicago'
Mullaney,
250600
Ross & Co.—
Humphrey Co.
Nicolaus
Stifel,
Putnam
Reinholdt
Heller, Bruce & Co,.—
200,000
I.
Moore, Leonard &
20,0,000
Waiter
100,000
M.
100600
Stokes
&
Co
Co.—_
Harold
Wood
&
Co.^
&
Co.-
to
&
Arnold-—;
E.
the
on
from
Net
100,000
ry.
Gross
2C0600
kwh.,
or
4.4%
1944,
over
that net electric
output of the' Associated
kwh.; an-increase of 5,396.158
the corresponding week in 1943.—V. 160, p. 1394,
group
127.634,141
was
on
Mav
City
1
and
Nov.
National
Chicago, Til.—V, 158,
1,
1950
and
1951).
Bank & Trust Co.,
p.
1437,
Payment
will
be
made
trustee, 208 So. La Salle St.,
' r '
■
1944
1943
1942
$2,944,750
operating
$3,002,899
$2,744,7J5
2,160,953
246,342 '
242,255
4,330:
■■=
3,761
236,365)
255,323
1,887,735
312,082
324.16*5
' '■
.
2,141,984
expenses
Fed,, State & munic,. tax accruals .l'
■Rent .for leased reads
rapid transit, line rentals
Subway &
Interest
bonds_^___^___._„'_-,.....
on
308,290
cost
cf
service
.99,49.7
;; 6,303
;
$78,615.
$99,605
160,
3,76.1
235,362
over
receipts
"■Profit.—V.
123.920
'
99,497
7,642
7,546
items
of
.
99,498
:
Miscellaneous
-
*-$63,492
p
Boston & Maine
1944—Month^-1943
'
RR.—Earnings— } "
Period End. Aug. 31—
Operating
p.
•
1179.
'
-
:
.
for sale
Net
business" trust.
31,""1944,^ the
Massachusetts
dated
July
shareholders
basis
of
upon
share of
one
1944
Total
Pursuant .; to the
376,208 'shares of
/
certificates
of Baystate
stock
for
1941•
$306,833
railway—--
339,319
439,944
148.332
income—
103,664
67,263
317,877
89,318
4,651.915
2,494.954
2,205,344
954.862
486,827
8-,642,128
6.564,420
4,960,514
3,132,475
796.841
1,154,779
160.
p.
Charles
1,723,766
978.
Corp.—New Appointments—
L. Beard. Vice-President
placet) in
Sperry, Treas¬
ancf Secretary,-has been
;cliarge of contract ■ termination procedures.
Louis
F,
has been named Vice-President in charge of financial affairs and
will cooperate -in conversion problems.—V, 159, p. 2188.
urer,
Rendix Aviation Corp.—New Staff Executive—
William
i
A.
Mara
sales and service for the
Bendix Aviation Corp. as
Ernest
by
■will
be
ments
p.
1395,
to
R.
Breech,
supervise
relating to
and
the
coordinate
personal
•
.
various
192,43?
23,618
24,241
Bendix
airplane, Mr; Breech
product
185,576
$6,712,640
$8,695,293
$903,203
$1,248,626
94.854
99,826
852,716
847,166
$998,057
$1,343,452
$7,565,356
$9,542,459
income
———T
358,513
370,217
2,887,910
2,933,750
$639,544
$978,235
$4,677,446
$6,608,709
_____
T,-
Boston Woven
160,
p.
1395.
Hqse & Rubber Co.—Special Dividend
directors have declared
The
210,644
incomc-
a
special dividend of 50 cents per share
quarterly dividend of 50 cents per share on the common
and the usual
holders of repord Nov. 15.
previous special distribution—also 50 cents per share—was made
25, 1943,
Total dividends in 1944 will amount to $2.50 per
Aug.
the same' as paid last year.—V,
160. p." 531.
"
:
develop¬
160,
stated.—V.
in August flew 9,178,505 passenger miles: compared
July ,an4 6,673,508 in August, 1943,, according to VC. G.1
corporation
with 9,066,495 in
Secretary, and Treasurer. Plane miles flown in August increased
491,035 from 488,233 in July and compared with 385,259. in August,
150, p. 1076.
■
"■.;■;.
:
V ; N:'
'
'S
Adams,
to
1943.—V,
Brewing Corp. of America—Stock Acquired—.
Ltd., below.—V. 160, p. 1076v
.
}
.
Bee Canadian Breweries,
,
Buffalo, Niagara & Eastern Power Corp.—Two Reor¬
ganization Plans Piled With SEC—
-v-;
Niagara Hudson Power Corp.-en Oct, 3 filed with the SEC a.+)lan-of
reorganization of Buffalo, Niagara & Eastern Power Corp,
intermediate
holding company in the Niagara Hudson System.
This action
taken in concnction with an order of the SEC of June 19, last,
was
that
the class A and the common stock issues of BNE
reclassified into a single class of new common, stock.
j
the $1.60
be
preferred,
plan proposes to consolidate Buffalo, Niagara &
Eastern and its
Buffalo Niagara Electric Corp., Niagara, LockThe Lockport <fc Newfane. Power & Water
Supply Co., into Buffalo Niagara Electric Corp.; the corporation which,
is to survive the consolidation.
The Niagara Falls Power Co., another
subsidiary, will continue as a subsidiary of the proposed hew' company.
Buffalo,
Niagara
& Eastern's
present capitalization consists of
350.000 shares of $5 cumulative first preferred; 2,096,725 shares of
$1.60 second preferred; 501,493 shares of class A stock," and 2,020,125
shares of common.
Niagara Hudson., owns all of 'the class A apd
operating subsidiaries,
port & Ontario Power Co.,
shares outstanding and 12,545 shares of the $1.60 preferred.*
plan provides for the initial issuance of 350,000 shares of $100
value first preferred stock, 4% series, and 3,225,000 shares of
common stock without par value.
Under the. provisions of the plan holders of the $1.60 second pre¬
ferred stock of Euffalo, 'Niagara * & Eastern Power Corp. will receive
cpmrnon
The
par
of common stock in the proposed
Hudson, as the holder of all t)ie
stocks of BNE. an aggregate of 1.128,275 shares,
Each share of the $5 cumulative preferred stock will be exchanged
for one
share of preferred stock, 4%
series and, in addition, an
amount of cash equal to the amount of dividends accrued and unpaid.
Each such holder may elect, in lieu of the exchange, to sell his preseht
stock at the redemption pripe of $105, plu? accrued dividends.
T&e
an
aggregate
of
operating
class
A
chase
2,096,725 shares
and Niagara
company,
and common
proposed
are
operating company will arrange with underwriters to pur¬
the holders such'shares of the new 4% preferred stock as
irom
not
accepted in
June
30,
operating
new
Detroit, former director of personal airplane
Consolidated Vultee'Aircraft Corp., has joined
a staff executive, it \yas announced on Oct, 3
President.
Mr.
MaraV primary responsibility
of
243,354
•Rentals, interest, etc. —V.
The
.
1942
1943
railway-
6,486.779
__—
'. Net income
} "
$719,963
from
42,889,170
1,087,597
———i.-
•Total deductions
•
$822,932
oper.
5,432,126
Braniff Airways, Inc.—More Miles Flown—
;
of .'the
surrender
common
(£>r)
oper.
ry.
Other income
share,
Massachusetts 376,208 common
in
$57,812,241
39,503,374
7,443,283"
2.035,598
1,979,215
$8,035,027 $58,335,031
5,546,016
(£>r)_i:__
facil. rents
members.—V;' 160,1 p.' 1290.
y
1944—8 Mos.—1943-
834,964
Equip, rents
Jt.
A concession of 75 cents a
share.
$7,551,153
revenues
Operating expenses)
Taxes
On
There have been called for redemption on Npv. 1, 1944, at 100 and
interest, $10,000 of 1st & refunding mtge. serial bonds, series A, dated
1, 1942. and due May 1, 1952, and at 101 and interest, $90,900
of these bonds (of which $10,000 matures on May 1, 1952, and $20,000
the
160,
'y;
'
t
Nov.
at
its
Bell Aircraft
(An) Association of Franciscan Fathers of the State of
Illinois—Calls Bonds for Redemption-
each
a
ry.
—V.
thq, Associated Gas & Electric Corp. report for the
Sept. 29,
I
Vice-
appointed
been
from raflwayoper. income—
Net
139,4.
Electric
has
Manager,
$895,025
447.257
Asspqa^ed ^as & Electric pq.—Weekly Output—
ended
160, p. 1076.
stock,, no par value, both payable Nov. 25 to
1632.
p.
From Jan.T—
Net
&
a
railway-
from
Net
100,000
Gas
General
August-
100.009
Woodard-Elwood
week
paid-in surplus, $64,657; deficit from opera¬
.
Gross
inp.ono
Weil
of
accrued interest
$300,000;
Beaumont Sour Lake & Western Ry. -Earnings—
100,000
100,000
&
1,094,240,000
Total, receipts
Total
.
100,000
—
200.000
trustees
v
Philip L. Reed, Charles E. Spencer Jr.
Gardner—
&
Simon
100,000
200-000
The
■
Philip EiseVice-Presi¬
dent and Secretary, and John M. Eustis, 'ftaymond,; F. Heisiein' and
Richard- E." fyengren, Assistant Treasurers.
Directors" are: T. Jeffer¬
son
Coolidge,: Charles E. Cotting; Frederic C. Dumaine, Benjamip W.
Guernsey, James C. Hcwe, Augustus P. Loring Jr., Edward H. Osgood,
Co.,
j—,
Co.—
,
0Revised to make figure comparable.—V.
and
-
&
1,070,793,000
960,012,000
961,768,000
July
'August
—1.9
1,526,970,000
+ 2.3
1,358,757,000" —1.7
1,315,393,000 ' — 2.5
1,051,838,000
+1.$
999,749,000
—4.0
1,031,798,000
—6.8
1,108,765,000
—1.3
1'' 1,185,410,000
.
Excess
shave of Old Colony Trust Associates.
.,
\
Benjamin 'W. Guernsey "is Pvesident of Baystate. Qorp. ;
man, Vice-President and - Treasurer; F. Winchester ' Penio,
100,000
200,000
p.
shares
such
Co.
Change
1943
1,653,787,000
1,335,497,000
_
Alv-.--.
June
quota premium .receiv¬
Corp. stock are to be delivered to the Old Colony..Trust
Associates: in exchange for all the assets thereof for distribution of
&
Co,
160.
....
$4,616,39.5.—V.,.148,
reorganization,
of
plan
Corp.'—
—V.
$99,884
——
delivered or in transit to smelter,
charge of operation?.—V.
Associates;
Trust
Sills,' Minton & Co., Inc.
Welsh, Davis & Co.—
165,243
Baystate
100,000
—
luc,
Quail &
Securities
9,827
$15 each, of this cprporatlon. which has b.eenJorganized
the property,- business and goodwill of the pld Coiooy
par
100600
Christensen, Inc. L—_
200600
Nashville
reserve
Shetler,
in
acquire
100,000
—
Patterson, Copeland $s
Kendall. Inc.'
250,000
Wachob-Bender
77,990
,54,948
4%, due
received
for relining of ball mills, $10,278; capital
There have been Qualified
■to
loo.noo
100,000
200,000
Lync^i
1944
Junp 30,
(due within one year),
$4,800;
W.
therefor
———
—
:
•
each
Securities Corp.—
Inc.
City
52,627
• •;
Baystate Corp, (Mass.)—Organized—-
100,000
Green, Ellis & Anderson
^
,■
1,561,456,000
Month of August—
'
—
share.was granted to NASD
100,000
L.
'i%-'\.;y:;
:
follows:
as
April
notes payable; $46,871;
due to Bagdad Copper
liquidation for account of stockholders-ether than
distribution, at $51
McKnight, Inc.
;
Minsch, Men ell & Co.—
Ncwburger & Hano
F.
Co.,
&
Cork Co.; Lancaster,
Co.—Output Off 1.3%—
•
The
shares.
Co
Milhous, Martin
250,000
—
the .Armstrong
Boston Elevated Ry.—Earnings-
Offering—Blyth &
Co.* Ipp., offered Sept. 2^ a block ol 4,016 shares of S.Vztfo
cumulative preferred ■ stock (par • $50) in} a secondary
Peters. Writer &
The Robinson-
store and retail and
The management of the
director.—V. 160. p. 1076.
a
.March.
$3,923
264,674
Barker Brothers Corp,—Secondary
Park-Shauglfnessy &
Corp.
Hawkins" & Cm,
Robert
Inc..
in
C$5 par), $2,704,873;
Glenn
100,000
Mason,. Moran & Co.
Corp.
6,362
Barium Steel Corp.—New Vice-President—
■.
100,000
'1
&
i
dairy
1944
100,000
Hardgrove—
Co.. Inc.
250600
The First Cleveland
First
Hill
.;
1,542,646,000 *'1,492,823,000 ,■■ + 3.3
on
Johnson, Lane, Space &
Co.,
————
%
'
1,622,025,000
Sheet, June 30, 1944
,,v
Inc.,
advance,
100,nop
Co.
250,000
——
.
}.
President of
J*..
decrease of 1.3%.
•
(in kwh.) compares
a
The
100,000
Co
&
;
February
de-
for
:
banks. .$453,1181^^ production
tions, $684,703; total,
Wm, P. Harper & Son &
Co.,
',1
irf and around Pittsburgh, Pa.;
a
Youngstown.
y'
Output
Bagdad Copper Corp., $1,142; first mortgage notes payable,
semi-annually from July 1, 1944, $2,050,000; unearned rental,
—100,000
Carroll & Co.—
30.0,000
&
in
gage notes payable
first mortgage,
" " "
100,0.00
360,000
Inc.
The
Co.,
—
Co
&
Emerich
Inc.
R.
Bend
Bankers
Inc.
Thomas & Co.__-
W.
ended
.
Products.
150,000
Farwell, Chapman & Co.
Ames,
R.
Inc.
Courts'&
Thomas
E.
Yantis & Co.,
366,000,
Inc.—
1943,
150,000
300,000
& Son,
Gregory
facilities
war
on
150,000
Co
j.
V
•"
Liabilities—Accounts payable, $69,302; accrued taxes (including taxes
withheld from payrolls), $34,105; accrued wages, $15,070; first mort¬
President
500,000
&
::
(
;
500,000
Brothers & Co.—
■v
hand (at net realizable valpe excluding premium); $35,059; miscel¬
other assets and deferred-charges,
$121,603;
land,
mining claims, etc.
(less* reserve for depletion of
$228,933), $1,083,43S;-land -improvements, water supply line, buildings,
equipment, etc. (less reserved for depreciation and amortization 'of war
facilities of $576,235), $1,519,8$9; mine development (less reserve fcr
amortization of $166,065), $179,781; stope preparation for mining (net
after
charging $247,974
against operations since
Dec.
31. 1936),
$262,935; advance (refundable under certain contract conditions) to
U,
S.
Bureau of
Reclamation for
Power
Transmission Line (less
amount refunded of $14,902), $280,098;, intangibles
(other than in¬
tangibles, included under fixed assets). $9,170; expense of financing
under first-mortgage notes payable; less amortization, $25,862;. total,
150,000
The Milwaukee Co
Dempsey
Director—.'
W, Prentis
cream
operates)
in
Boston Consolidated Gas
laneous accounts receivable, $15,508;
——150,000
—
Arthur Perry & Co., Inp.
Dean Witter & Co.—
Stern
$10,284
150600
Webster & Gibson
Wheelock & Cummins,
S.
'
pn
150,000
William
-
provisions
and
and equipment
able, $29,986; ore- concentrates
stock
'
& Co.,.
——
William R, Staats Co.—
Inc.—
10,623
expenses.—
-.h—
Balance
150,000
150600
750,000
Sc
78,749
preparations--—
stope
expenses
six months
for
Assets—Cash
■■
Co.—
Weeks—_
Inc..
ice
and
Dividends
Loss
150600
Newhard,
of
Amortization
150,000
150,000
Co.—.
Co.
Burr,
Hornblower &
of
———_—-j----;".'
expenses
$4,616,395.
Metropolitan" St: Louis
&
Pomeroy, Inc.
Coffin
Co.—--
Burns
Morris
the
of
V
.January
406,988
--
.Amortization
150,000
.1,325,000
Ohio,
$486,075
1944—
—
maintenance,- taxes
30,
Pepletion of land, mining claims,; etc.L—
of
mine development-^—1__..
;
150/060
&
Marfin,
L 1,325,000
general
director
443.
p.
The corporation reports output-for September, 1944, of j,054,240,900
cubic feet;, as compared with 1,108,765,000 cubic feet for September,'
.14.656
$260,7,51
$150,000
Inc.————
Boettcher
Clement A- Evans & Co.,
Inc.
y
———'
Sons,
Inc.
deputy
}
■■;,;■ -■■
'
Crocker-Wheeler
President" and A
;
premium,
before
Profit
Debt
•
•
Barrow, Leary & Co,-— '
1,325,000
—„—
Otis & Co.——
distributes
and
September
Bleich-
S.
1,325,000
Central Republic Co.,
(Inc.)
and
roder,
was
the
Vice
elected
Montague, President; announces that this company'
the Tcch Food Products Co. of Pittsburgh, Pa.; which
Pa.,' has been elected
T.' /V
$471,419
depletion,
follows:
Arnhold
Co.,
**
41,262
debt expenses and provisions for
etc.y—2————iJ—' ••
"Production-quota premiums allowed by Metals. Reserve Co.— Loss
of the -several .underwriters and the respec¬
are
$2,725,000
Allyn & Co., fnc._ 1,325,000
C.
Blair
/
*
purchases and other
■'incom,e'/^ii-_'_4---h-——-6
miscellaneous
:
names
net
.Income from rentals, etc., discount pn
*
1944,
underwritten
amounts
June
trucking,
—
Depreciation of buildings
.
Underwriters—The
tive
previously
will remain unci
New
H.
35,059
-May
1944,
30,
been
G.
Youngstown,
company
$477,622
-
.
expenses-^—i—v—
administrative
loss
Gross
provided electric service at retail in 492
communities (including 178 with a population of le?s than 100),'and
«at wholesale in eight communities, natural
gas service in 18 com.munitics, steam heating service in the business section of Little Rock,
and through'its wholly-owned subsidiary. Capital Transportation Co.,
'Street railway and bus transportation in Little Rock, North Little Rock
and adjacent areas, including Camp Robinson.
Company since Oct. 1,
,1943, has rendered electric service at ; retail in Hot Springs through
the operation, under lease, of the property of the Citizens Electric Co,
It also has rendered electric service at retail in Helena, West Helena,
•Marianna
and
several smaller
communities through the operation,
under
lease,
of the
property of the Arkansas Utilities Co. since
Company at June. 30.
to
amortization
for
'General .office,
consolidated operating
$17,648,615, of which approximately 84% was derive'd
of electric service, 3% from the sale of natural gas,
ended
months
has
wholesale fluid milk business
net
1943« (at
31,
Dec.
at
Baker
Co.,
Co.—Acquires New -Unit—
acquired
and
'
Cat
1944
30,
dissolved.
been
not
has
Mr.
manufactures
premium.
costs,
mine
.
Co.
Raker;,formerly General Manager of
Manufacturing
British..' Purchasing^ Commission.—V. 159,
has
steam
River
12
M.
Borden
concentrates
value, of production
Mining
'
the
by
126,240
production to June 30, 1944—:
molybdenum
of
Net
Is
wholly-owned subsidiaries, Capital'Transportation
Power Co.
Capital Transportation Co. operates
under lease from the company a street railway and bus transportation
business serving Little Rock, North Little Rock and adjacent areas,
'including Camp Robinson.
White River Power Co. is now an inactive
company.
This latter company formerly owned a hydro site,' which
site, together with all its property and assets, was disposed of in
■December,
1943,
to
non-affiliated interests, v However, the White
Power
T'
"
the full, redemption
any .time
Pet.; '
gas
White
,
M$.) Bliss Cty.—-New Vice-President—
J,
Electric
$512,681
Company has two
"from
'335,719
June
at
concentrates
of ore
Inventory
the $30,000,000 of the
and, to a limited extent, in providing central
-heating service in the commercial district of Little Rock.
For
(E.
•'-A.
director.
realizable value. excluding premium)T—.a—::—
utility company operating in the State of Arkansas and is a
subsidiary of Electric Power & Light Corp; and of Electric Bond &
Share Co.
Company is engaged in the generation, transmission, pur¬
chase
and distribution
of electricity;- purchase and,-distribution
of
River
421,940
"
1,607,180
shipments—
from
receipts
Inventory
public
and
1,563,138
949,236
366,374
3,513~263
receipt? from shipments (excluding premium)—-.,-$654,$78
Smelting and'refining charges and freight——————177,250
40,215
$1,356,782
$1,034,091
Company—Company was incorporated
'Co!
2,418,492
"
■
178,744
■
Cr8,402
interest
natural
29,360
978.
160. p.
Net
'
charges for the first full year on
1974 series bonds will be $937,500.
.a
67,954
71.960
disct. &
income
for
>.'•
1941
Jncome Statement for S|x IVJfonths Ended June 30, T.944
,
The
called
redemption on Nov. 1, next, at; 101 and,
Payment will be made at the Central Hanover Bank & Trust
interest.
$218,973
44,447
railway^—
3,804,935
Net,from railway.—1,450,244
Net ry. oper. income-—
266,345
$4,008,572
1,764,248
/V"
—
been
Co., trustee, 70 Broadway, New York, N. Y.
-I™ Holders of the. aforementiofted bonds may obtain
11,530
$4,305,655
1,578,227
——
expense
".
220,183
Gross, from
$3,997,042
$3,272,509
33,742
of debt
Amort.
,;
,
$348,659
"156,602
$473,-Oil,'
191,215
138,362
income—
oper.
1942
1943
■
Gross
$4,042,648
mtge.
Other
Bonds—
gold bonds
have
1968
presenting
j$uch bonds tp the aforesaid trust company.—V. 160, p.' 1395. ' y " ; ' '
Bagdad Copper Corp.—Earnings—•
36,673
(net)
income
on
1944
$503,369
railway
from
ry.
1,626,113
$4,268,981
Int.
158,037
,
.
Birmingham Electric Co.—To Redeem 4V2%
Theodore-
&
reserve
income
Gross
643,129
236,931
1179,
p.
All of the outstanding first and refunding mortgage 4 Vis %
due
excess
Pr228,750
Otner
919,867
545,827
1,260,430
1,645,453
retire,
Prop,
3,032,172
V
V
railway—'—
from
Net
1,116,198
1,064,80.1
&
inc.
3,696,687
<
reported to have received an order for 30,000 tons
t^e Reading Co.—V. 160,
'
$6,383,585
taxes
profits
p,
August—
Gross
61,231
1,228,883
$7,207,986
for
Prov.
4,928,693
1,672,886
1,202,168
•' 271,421
income—
978,.
oper.
From Jan. 1—
89,960
1,333,433
———-
taxes
railway
railway——
from
ry.
Net
733,877
replacement of motor
coaches
General
: 70,364
5,278,427
of steel rails from
138.392
41,663
Atlanta $ West Poinf RR.- -Earnings—
31,'41
$14,2,14,114
5,555,932
5,561,247
667,761
591,852
and
renewal
lor
201,659.
12,517
income—
,
price; plus accrued interest -to Nov." 1,'1944, at
7,397,012
900,676
Maintenance
Frov.
Net
Net
—v.. 160,
'44 Dec. 31, '43 Dec. 31, '42 Dec.
8,116,560
——————
216,836
railway—U-
oper.
from
Gross
Earnings
<»f
$715,470
183,598
24,153
$579,241
The corporation is
From Jan. 1—
1,070,000
$17,648,615 $16,255,986 $13,540,918
revenues
oper.
ry.
service rights in the Town
These obligations mature at the rate
Ditm^,
Net
at the time the
assumed
•Represents certificates of indebtedness
acquired the utility property and
company
of
from
47,609
45,891
47,609
45,891
1,300,000
Net
$447,817
$636,448
railway——-.
Grpss from
*'17,952
—
cumulative (no par) (shares)—
cumulative (no par) (shares).—
($12.50 par) (shares)——w
stock,
stock,
pfd.
$6
debt—
long-term
•/"
1941
1942
1943
1944
August—1
$30,000,000
series due 1974———$250,000,000
mtge. bonds, 3Vs%
Miscellaneous
Bethlehem S.feel Corp.—Rail Order—
Atlanta Birmingham & Coast RR.—Earnings-
Financing
Capitalization Giving Effect to Present
Monday, October 9, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1522
485,500.
As
1944,
exchange.
the constituent companies which are to form the
had a combined total funded debt of $68,-
company
an
integral step in the plan it is proposed to refupd
at a lower, interest rate, which, it is be¬
$57,340,000 of this amount
lieved. will not exceed 3%.
»Based on a pro forma
company
for
consolidated income account of the operating
resulting from the proposed consolidation and its subsidiaries
1937 to 1943, inclusive, and the 12 months' period ended
the years
June
30,
1944,
giving effect to the plan, including the refunding, the
stock are calculated at $1.94.
of reasonably prospective future earnings have been
made, which indicate larger earnings per share than those in the pro
forma income account'of the Operating company.
y
..1
Consummation of the plan is subject to the approval of the New
York State P. S.: Commission, as well'as the SEC.
The-step taken by
'43 July 31, '44 July 31,
Apr. 30, '44 July 31,
'
.
c
charges-
mint
&
tax
Cost
another in the series of developments which origi¬
nated "in 1942 with the proceedings brought against that company
and the Buffalo. Niagara & Eastern under Section 11 (b) (2) of the
153,628
Operating
•
-•
f'
with
Simultaneously
: •
■
-Earnings— y'JY?/
Burlington-Rock Island RR,
August—
1944
I
$216,370
84,605
45,501
railway—J'.. $297,521
112,235
oper. income—
59,689
from
Gross
from railway
Net
Net ry.
$209,250
76,459
44,300
;
railway
from
Net
1 *Deficitb~V.
•
:—
income—
Net ry. oper.
160,
1
.1077,
p.
:
Bonds—
;
232,619
83,467
To
g
'
V.
Net
ry,
41.296
59,642
71,369
income—-,
56,335
83,611
56,550
oper.
—V.
1,238,538
<526*334•&[•' 249;647
V 428,212 :'l 303,857
1.238,628
railway—
income—
Net ry, oper.
.
splitting
common
cently
Canadian Pacific Lines
Net
From Jan. 1—
Gross
from
$578,079
$401,683
159,503
127,074
*12,007
4,306,150
3,337,275
2,607,341
1,923,027
1,333,436
874,843
1,,134,111
1,497,340
1,005,198
555,182
55,627
y
ry.
•
income—
Canadian Pacific
from
v\
!i.——
Changes in
Personnel—
?y
1943
$8,501,000
from
y
v
■
.
:
company on
1944
Gross from
Net
from
Net
ry.
1942
1941
Net
from
from
Net ry, oper.
The
;
*11,033
Net
income—
*63,105
*103,540
*57,202
*42,334
—V.
988,129
*352,894
895,700
*325,155
947,946
923,343
*146,420
*34,545
*671,080
*621,738
*409,822
*267,650
p.
,
,
,
.
t8,756,973
3,977,087
2,035,937
126,146,414 119,005,544
50,033,974
52.654,897
82,'469,445
29,844,912
21,270,276
63,443,352
19.415,352
12,531,179
3,491,598
20,905,695
income-—
Gross
1944
J
99,106.546
37,024,022
17,805,329
1943
1Q49
1C141
$2,458,024
756,824
407,824
$2,020,516
610,455
400,690
$1,947,302
592,226
339,876
17,448,438
4,922,821
3,077,712
14,773,390
3,328.284
1,620,415
12,764,024
2,786.032
980,839
,
—V.
':
$2,838,923
139,846
1,165,482
367,214
23,221,713
oper.
income—
:
ry.
$1,573,476
872,718
427,47&
14,520,927
has authorized the listing of $37,800,-
series "G" 27/a% bonds due July
outstanding.—V. 160, p. 1397.
mortgage,
are
1, 1963, all of
of
;
Authorized—
the company has been
Cincinnati New Orleans & Texas
railway.;—
from
Gross
Net ry.
railway—
income—
oper.
Pacific Ry.—Earns.
1942
1941
$3,260,961
1,239,708
386,167
$3,034,579
1,431,930
615,550
$2,081,528
$2,006,405
842.056
25,736,537
10,427,249
3,347,853
24,215,575
11,588,059
4,145,883
19,192,031
1943,"
1944
August-
-
1,345,434
453,820
454,042
From Jan. 1—
Net
railway-
from
Gross
railway——.
from
Net ry. oper. income
160,
■
.•
P.
8,228,143
3,146,599
14,740,984
6.270,614
4,079,626
980.
\
-
,
Cincinnati Union Terminal
Co.—Listing of First Mtge.
Bonds, Series G—-
2%%
,
authorized the listing of $24,mortgage bonds, series G, due Aug. l, 1974.—V. 160,
York Stock
Exchange has
12,087,736
4
173,145
7,209,640
8,319,241
4,243,667
3,260,873
income—,
2,325,278
2,872,043
1,865,502
1,413,478
160, p.
;,:.r.
authorized by Federal Judge
Edward A. Conger to make a cash distribution of 2V2%, to be applied
against principal of debt.
The payment is to be made to holders of
the 15-year 5% gold debentures which matured April 1, 1943; to holders
of the
15-year 5%
debentures due April 1, 1957, and to all"other
creditors upon
determination, of the amounts of their claims and
approval of them by the trustee of the court.—V. 160, p. 1292.
424,290
21,339,441
/:
Co.—Listing of First Mortgage
2%% Bonds, due July 1, 1963—
;
Childs Co.—Distribution
1941
railway———
oper.
first
.
$2,202,854
2,111,182
The New York Stock Exchange
which
—V.
1942
4,015,161
.
<
160. p. 280.
Series "G"
y
74,745,316
23,117,976
12,412,108
17,970,045
'
income—
Chicago Union Station
The
2%%
1077.
Cities Service Power &
Light Co.—Time Extended—
consummation of the company's sale of
subsidiary, City Light <fc Traction Co., to
The time for
in
est
1180.
New
000.000
p.
railway-
railway—-
oper.
'
Illinois RR.—Earnings—
1943
363,972
from railway
from
ry.
Net from
.
'—
income
The trustee
,
28,946,520
$2,429,119
660,715
railway-
railway
oper.
Net
'
-
3,848,640
2,886,330
^.1;■■ •:'.r
1397.
p.
1941
1942
1943
7V
railway
from
Net
■■
931,751
alphabetical
From Jan. 1—
-
1941
1942
Quincy RR.— -Earnings—
.
always
not
alphabetical
$18,108,005 $15,760,536 $12,513,643
5,434,819
8,061,199
7,088,399
income-
oper.
Net ry.
-
..
is
its
its entire inter¬
Missouri Public
extended to Jan. 15, 1945, by the Securities &
Commission.—V. 160, p. 1397.
Service Corp.j has been
979.
Chesebrough Building Co.—Tenders Sought—
Bank & Trust Co., trustee, 70 Broadway, New
York, N. Y., will until' 2 p. m. Oct. 23. 1944, receive bids for the sale
to it of first mortgage 25-year 6% sinking fund gold loan certificates
The Central Hanover
Dana
135 S. La
year; South and Central America, Spain, Mexico
ations in the rates of exchange, remittances for
-Earnings—
585,354
.-/.vr
12,066,431
possible.
railway—
from
Gross
1,210,811
.
it
reasons
1944
oper.
from
000
$2,945,183
and Financial Chronicle (Reg. U. S. Patent Office) William B.' Dana
Seibert, President; William D. Riggs,. Business Manager.- r- Published
Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens,:
matter February 25, 1942, at the post office at New York, N. Y., under the Act of
offices:
ry.
Net from
2,260,865
968.035
614,617
railway-
from
Net from
$121,963
160.
ry.
Gross
*21,128
income
as
19,907,524
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
2,588,624
1,036,272
586,001
railway——
from
from
Commercial
William
class
Net
$133,145
*Deficit.—V.
2,349,149
70,544,001
mechanical
railway
—v.' 160,
3,002,543
1944
August—
Gross
$101,869
*64,102
railway—
2,433,927
87,100,560
25,811,879
14,604,170
%
railway-
from
from
Gross
$294,362
125,927
63,095
572,074
Chicago & Eastern
$141,885
*24,992
railway
3,567,4.75
V August—
Net ry.
139,658
56,727
,y;:' ;■
1941
1942
to arrange companies in exact
However, they are always as near
position
Net
1,163,920
,
Division,
Eastern
106,796,546
32,659,917
40,000,132
15,746,915
22,336,374
NOTE—'For
order.
From Jan. 1—
From Jan. 1—
1943
From Jan. 1—
Gross
■
Court,
1943
'2,028,301
railway!..
Net
Interest will be determined by the successful bid.—
•
,
110,075,089
railway
from
from
Gross
Equipment Issue—
■
?
District
1944
possible
company
160, p. 980.
;_•
railway—-_
raliway
oper.
..
>
Net
$335,440
156,736,523 139,530,133
61,169,337
64,381,250
income—
13,148,518 31,372,220
locomotives.
ing
V.
*
Chicago Rock Island & Pacific Ry.- -Earnings-
120,587
12,070
,
railway
oper.
19,146,584
36,544,932
railway- $15,301,043 $15,239,557 $12,767,791 $10,611,690
3,565,104
5,223,927
6,339,198
4,346,192
railway^i'^/i.
.
■
has filed applications with the Interstate Commerce
Commission for authority to issue $1,520,000 of equipment trust cer¬
tificates to finance 88% of the purchase of 22 Diesel-electric switch¬
Net
Canadian Pacific Lines in Vermont- -EarningsAugust—
20,796,307
Plan—
on
88,803,541
27,068,501
17,990,893
-Control—
•
railway J——
Files for New
•The
Sept. 28 announced that H, J. Humphrey, a VicePresident, has been named to direct the company's post-war planning.
L. D. Cotterell, at present General Manager , of the system's .Eastern
lines, has been promoted to Vice-President and
General Manager,
with headquarters in Toronto, Ont., Canada.
Both appointments be¬
came effective on Oct, 1.—V. 160, p. 1396.
;
The
'v..
Net: ry; oper: income—
—V. 160, p. 1396tV
■
'•
2,972,108
4,252,748
3,006,241
ry.-'oper. income
Net
3,147,573
'
•
From Jan. 1—•
$343,822
income—
970.
7,.
P.
1941
4,868,023
3,575,268
5,510,382
from
Gross
'
19*3
26,536
railway—-—
.
148,183,533 144,249.041 110,420,836,
railway^——
43,107,854
57,667,753
35,158,481
Net
1291.
Aug. 15, '44 Aug. 15, '43
i
$384,992
.
railway'--
7,737,789
railway
from
From Jan. 1-—■•,
.
1944
$8,745,000
income— "
oper.
1942,
1943
1944
$20,679,599 $19,786,744 $15,705,896 $13,562,208
Net
.
Gross
•
Gross
1942
'
1941
1944 '
1943
Gross from railway
$21,527,284 $20,596,815 $15,546,252 $11,376,832
6,811,733
4,214,287
Net from railway——
8,166,632
10,426,628
3,240,697
2,448,330
Net ry, oper. income—
3,764,151
5,168,569
Ry.—Traffic Earnings—
Ended Sept. 30—
'
•
August—
Subs.) —Earnings—
;
1944
.
railway—
August—
Net "from
earnings
"
railway—- —~y 136,468 ' '
from
Net ry.
9 Days
'
railway-
railway—"6,585,442
Chicago & North Western Ry.—Earnings—
will
and taxes
Chicago Burlington &
14,617
'•"Deficit.—V. 160. p. 979.
Traffic
,
,
'
;■
.
from.railway—,
Net
•
' '
From Jan. 1—
Gross
$182,373
285,840
232,791
$398,086
99,690
;
Net ry. .oper. income—
1941
»
railway—
Net
oper.
.
air charges
.
from
Gross
Net from
—v, "160,
1942
income
Net ry, oper.
after
profit
Net ry. oper.
1943
1,842,109
income—
980.
p.
approved by the Northern Illinois
and the ICC,—V. 160, p. 1396.
Service Corp.—Tenders—
Charleston & Western Carolina Ry.
Y
4,013,140
1,585,020
railway..—railway——
from
from
'
Weeks Ended—
August—
in Maine—Earnings-
1944
August—
,
The Interstate Commerce Commission has ordered the reorganization
plan submitted to creditors. for acceptance or. rejection.
Holders of securities on Sept. 30 are entitled -to vote cn the plan
1944,
v
'
6,886,168
2,245,087
1,185,130
Vote Ordered
$611,435
$664,334
$0.73
$0.91
After deducting taxes of $1,650,000 in 1944 and $1,480,625 in 1943.
ton 550,000 common shares.—V. 160, p. 1396.
v'i
Proposed—
Y\! YV,; ,.'Y-
7,431,338
2,334,875
1,432,995
■
Net ry. oper. income—
$989,385
trustee, 45 Milk St., Boston, Mass., :
Ypsilanti, Mich.
below.—V. 156, pi 1687.
10,
8,641,020
3,171,390
2,239,607
from
160, p. 1396.
Net
Gross
Oct.
on
railway_v—
9,193,171
railway..—3,075,934
'
Co.—Tenders—
tEarnings per share on common
will also be asked to approve increasing the author¬
ized capital stock by an additional 90,404 new unissued shares.
This
would bring the total authorized capital stock to 250,000 no par value
common shares, of which 159,596 would be outstanding and the balance
available for issue from time to time as required for corporate pur-
.YYY.:v;
Net
Colony Trust Co.,
Old
340,510
213,833
from
VU'
subsidiary of Niagara Hudson Power Co.—V. 160,
^r'vv-;i "y':'y\'y • Yf
'
Corp.
$938,581
298,834
194,601
From Jan. 1—
Y Y Y:Y,:;YY
Yy;/
and^accrued interest to Oct. 20, 1944.—V. 160, p.
a
1942
$957,051
377,607
268,228
from
Gross
18,
is
1943
$1,071,726
.
August-—'..I':';
of shareholders will
159, p. 2189. !'
$937,902
$67,091
$65,413
;-YY Y Y^YY? >'
1941
1944
329,674
176,448
from
Net ry.
681,390
Champion Paper & Fibre Co. (&
of America.—
announced.
775,920
1,393,902
:
railway——
August—
$1,490,991
501,606
Colony Trust Co.,
noon
—V.
3,347,632
537,608
$1,163,473
160,
Net
trustee, 45 Milk St., Boston, Mass., will
receive bids for the sale to it of first
mortgage 3%% bonds, series B, due Aug. 1, 1966, and first mortgage
314 % bonds, series C, due Dec. 1, 1973. ,
'
It was announced that the trustee has in the sinkiner fund $35,000
for investment ,in the series B bonds at not more than 105 and accrued
interest to Oct. 13, 1944, and $2,500 for investment in the series U
bonds at not more than 109 and accrued interest to Oct. 13, 1944.
The shareholders
poses.r-V.
636,208
$1,439,508
501,607
Central Vermont Public
16
Co., Ltd.—Split-Up
52,996
$108,891
41,800
—
company
The
980.
oper.
ry.
Gross
$2,172,381
$161,887
$107,213
41,800
1180.
532,, 827.
*Net
meeting
$2,075,717
$160,206
52,993
.
—
p.
See King-Seeley
be called soon to consider
on a four-for-one basis the outstanding 39,899 no par value
shares presently outstanding, William Casey, President, re¬
special
128,500
Central Specialty Co.,
1396.
Canadian Locomotive
a
stock
104%.'
until
4,024,829
1,564,584
659,667
105,891
Chicago Milwaukee St. Paul & Pacific RR.—Earnings
YYY,
vv,%V';.'';.
ne'cessarjy^ treasury fun.d^ or - loans, wbiild
be.used;.to redeem $45,000,000 of 3general mortgage bonds, due
1962. at' i04 and $5,000 000 of'3V2%: general mortgage bopds due, JS65:-
Investment—
4,204,121
1,769,844
from
—v.
bidding.Y
y,;j:' Yf Y'
Proceeds, supplemented, bv
p.
239,706
93,476
207,123
68,157
4,742,064
1,916,002
655,075.
-
income—
railway——„
ry. oper. income—
Net
;■
Corp.—Registers with SEC—
The
corporation has registered with the SEC::$48,000,000 of 3%
general mortgage bonds, due 1974, to be offered under competitive
82,970
railway
from
Net' from
Central New York Power
83,813
1941
$515,254
81,611
from
Gross
1944, receive bids for the sale to it, for account
sinking fund, of first & gen. mtg. series L 3MsS due Oct, 1,1970,
amount sufficient to exhaust the sum of $116,356, at prices not
an
1942
$512,308
■',
From Jan. 1—
1944—12 Mos.—1943
$865,394 $12,117,074 $11,474,375
356,398
4,949,801. . 4,577,316
128,000
1,540,000
1,536,000
219,109
3,551,557
3,188,679
245.859
:
pfd.
Old
1943
261,946
Chicago Indianapolis & Louisville Ry.—Earnings—
Co.—Earnings—
378.374
taxes
to exceed 108
stock,
;
1,679,056
$575,194
August—
1944—Month—1943
___
amortization
for
YYV*- -'Y;
$912,938
;..
expenses
160.
The
corporation has increased substantially its investment in the
Brewing Corp. of America (Cleveland, Ohio), it was an¬
nounced on Oct. 3.
In acquiring the additional interest the Canadian
compahy issued in part payment 25,000 shares of its preference
increasing the number outstanding to 230,000.
J. A. Bohannon of Cleveland. President of the American company,
has been elected to the executive committee of the Canadian concern,
and E. P. Taylor, President of Canadian Breweries, has become Chair¬
V. 160, p.
5,424,575
307,935
255,184
,
railway
oper.
—V, 160. p.
Gross
.YV
980.
until noon of Oct.
1,413.296 : 1,198,167
'650,430>n-)f 1475,897
553,195
.-573,872
of the Brewing Corp.
ry.
Net
Central Maine Power
of
committee
7,652,979
2,436,158
13,779.650
4,639,836
1,844,584
1944
from
from
Net
Sept. 26 authorized
on
Balance
This
finance
,636,361
income—
income ■——Y
on
—V.
-
Ltd.—Increases
16,028,396
$610,732
'
oper.' income
ry.
Gross
„
at
the
,908.757
&
The
of
,172,387
5,580,828
4,234,292
income
Divs.
Ltd.—Stock Split-Up Approved—
The stockholders on "Sept. 29 approved a split-up of the present
200 000 shares of capital stock into 1,200,000 shares to be made up of
40o',000 shares of class A and 800,000 shares of class B stock. The
exchange basis will be two shares of class A and four Shares' of
class B for each share now held,
See V. 160, p. 1291.
.;
V'';: %.v'"
man
17,849,267
9,726,383
6,288,718
Int./ etc., deductions-
Canada Packers,
shares
24,921,290
7,888,817
4,573,918
Provision
1G0, p.
Canadian Breweries,
26.470,216
revenue
Deprec.
:
railway
from
Net- from
Y.
19,795,554
741,347
1—
Period End. Aug. 31—
;' 1941
$174,880
.
$177,817
$169,320
$130,529
From Jan. 1—
Gross
1942
1943
....
railway——
from
Net
railway-—_
Operating
to
railway——
from
Gross
448,898
Central Illinois Light
RR.—Earnings1944
'
}•}. 706,383
160.' p.
of the
Cambria & Indiana
1,080,387
ICC
*
railway—
Net
633.699
the company to issue not exceeding
$655,120 of promissory notes in further evidence of the unpaid portion
of
the purchase price of certain equipment to be acquired under a
conditional sale or lease agreement, the notes to be sold at $662,816.—
first
105%% plus
AUgUSt—
400,098
.
railway
from
Gross
Trustee NotesThe
p.
Net from
Net
Will be applied to the redemption of the $13,500,000
mortgage bonds, 4% series due 1966, now outstanding, at
interest.—V. 1§0, p. 1396..';Y■■ Y./Y■'? YYYYY Y YVr'-V^''-YvYYY/
y"
792,767
income—
oper.
ry.
Net
hand,
1941
$1,914,483
Chicago & Illinois Midland Ry.—Earnings
,917,044
railway.—
from
Net
registration statement with the SEC cover¬
ing issuance and sale, at a price to be determined by competitive bid¬
ding but not less than the principal amount thereof, of. $13,500,000 first
mortgage bonds, series due Ndv. 1, 1974. ? Net proceeds from the sale
of such bonds, together With general funds of the company presently
on
$2,461,946
905,281
from
Gross
Net
has filed a
The company
1942
$2,196,377
875,845
,236,489
,
Prom Jan. 1—
1,510,436
—
-
income-.
980. :
oper.
160,
August—
1941
1942
railways-
railway
from
Net
*
$3,428,008
ry. .oper,
J
"
Vice
to
1,311,809
•
railway—
Prom Jan.
$13,500,000
Issue
in Personnel—
President, has been appointed
$3,732,203
railway—
from
Gross
Co.
20,321,410
6,226,453
2.-142,961
income...
oper.
Net ry.
—V.
Harry
Officer
.
California Oregon Power
v
Net
v.
1943
Net
803,089
83,995
*28,001
i
1,099,052
1,974,605
731,122
418,239
1,916,497
718,699
393,054
railway—-
from
■.:
1944
from
$98,624
9.385
*2,415
/>
board.
Executive
August-—
Gross
Gross
Prom Jan. 1—/w,-,
Gross
$39,948
$42,861
;v:y
"A :
•
former, Executive
the
of
Chief
Net
1941
1942
1943
'
V
:
-
Central of Georgia Ry.—Earnings
outstanding .314%'' serial debentures, series d,
due in equal amounts of $228,000 pn June 1, 1950, 1951 and 1952, have
been called for redemption on Nov. 4, 1944, at 102 and interest;
Pay¬
ment will -be made, at .the Manufacturers & Traders Trust Co., trustee,
Buffalo, N. Y., or at the office of J. P. Morgan & CO; Incorporated,
23 Wall St., New York, N. Y.—V. 159, p. 2189.
■
$2,694,795
1,164,074
246,992
-
railway—
from
Gross
_
Corp.—Calls Debentures—
1943
771,149
railway-
from
from
Net ry.
Krehbiel has been elected President
succeed William Thiele, deceased.
Bee Beck has been made first Vice President.—V. 159; p. 2631,
'
$684,000
the
of
115.
p.
Mann,
Alan
.
and
.of
the
9% to Niagara
$1.60
65% and
Buffalo Niagara Electric
160.
Chairman
Hudson plan except in
common
All
74,819
$70,232
Net
$34,901
59,424
1944
$2,585,885
AugustGross
Catalin Corp. of America—Changes
,
stock distribution.
'"
Under the Buffalo, Niagara &. Eastern plan approximately 91%
the common stock in the proposed company would be allocated to
$1.60 second preferred stockholders and approximately
Hudson.
Under the provisions ofthe Niagara Hudson plan the
second preferred stockholders would receive approximatelyNiagara Hudson approximately 35%,—V. 160, p. 827.
^.y
of
*$10,807
27,703
$27,371
Net loss
—V.
plan, Buffalo
which is sub¬
the matter
of Niagara Hudson's
SEC a separate plan
filing
the
Niagara & Eastern filed with the
stantially similar to the, Niagara
*$15,158
$4,351
31,722
profit
depletion—-.
of 1935.
Eastern Files Plan i
Buffalo Niagara &
V
■
Chicago Great Western RR.—Earnings—
Prom Jan. 1—-
As a consequence of
those proceedings the companies filed with the SEC a plan of reor¬
ganization which called for the creation of a State-wide operating
company.
The P. S: Commission refused its consent to that plan. •
„
Company .Act
Holding
Utility.
Public
&
Deprec.
$343,782
308,882
$271,746
282,554
$113,767
128,925
$157,979
•
of production
'
'43
'
Niagara Hudson is
'
1420.
p.
mineral
less
inc.
Gross
1948, to an amount sufficient to exhaust the sum of
prices not to exceed the then redemption price—V 157
l,
at
$24,640,
—6 Months Ended—
—Quarter Ended—
Oct.
due
Mining Co., Ltd.—Earnings—
Cariboo Gold Quartz
.
earnings per share of common
average
However, estimates
1523
FINANCIAL CHRONICLE
THE COMMERCIAL.&
Number 4323
yolume 160
and Cuba, $29.50 per year; Great
Exchange
Cleveland Tractor Co.—Consolidation Approved—
Oliver Farm Equipment Co., below—V. 160, p. 1181.
See
-Company, Publishers, 25 Spruce St.. New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert,
twice a week [every Thursday (general news and advertising issue) with a statistical issue
Editor and Publisher;
on Monday]. Other
B. Dana Company. Reentered as secondyear; in Dominion of Canada, $27.50 per
Britain, Continental Europe (except Spain), Asia. Australia and Africa, $31.00 per year. NOTE; On account of the fluctu¬
London, E. O., England.- c/o Edwards & Smith, Copyright 1944 by William
March-3. 1879. Subscriptions in United States and Possessions, $26.00 per
foreign subscriptions and advertisements
must be made in New York funds
s
THE COMMERCIAL & FINANCIAL CHRONICLE
1524
Consolidated Edison Co. of New York, Inc.—Output—
"
'
City Investing
Co.—Listing-^
'
/
,
■
.
Denver & Salt Lake
Ry.—Earnings
August—
1944
"
Oct, 4 announced that system output of electricity
(electricity generated and purchased) for the.week ended Oct. 1, 1944,-.
The
Exchange has authorized the listing of 15,640
shares of 5V2%
series
cumulative preferred stock ($100 par),
and
160.000 shares of common stock (no par),, pursuant to the plan of
The
York
New
Stock
the
To
(1)
To
(3)
-a
($100 par);
reclassify all
15,640 shares
and
stock, to consist
;
-
the
the
of
shares
Making
7(k
the
of
share
be
stock to
preferred
non-cumulative
reclassified into one and three-tenths shares of ,514■%
preferred stock;
(b) Each share of common stock ($100 par) to be changed and
reclassified into fifteen one-hundredths share of 514%
series cumu¬
and
changed
cumulative
series
preferred
lative
stock
and
of
shares
two
stock
common
(having a stated value of $25 per share),
(4) To eliminate 200 shares of 7% ■ non-cumulative
in
held
now
(5)
the
treasury.-
.
pari
preferred stock
•
•
result of the foregoing changes, reclassification
shares, to reduce the capital of the company from
As a
nation of
(no
and elimi¬
$8,280,000
$5,564,000.
to
j
New Assistant Secretary-Treasurer—
John
A.
and
Kennedy
Thomas
W.
Glen
and Treasurer.-r-V.
Secretary
160. p.
the
like,
scheduled for completion by Dec. 1.—V.
Consolidated Electric &
Gas Co.—
The
Clinchfield RR.—Earnings-
Net
ry.
railway.^..
1943
1942
$1,085,515
$1 ,059,602
$950,113
648/244
587,015
639,777
income-...
534,335
471,978
511,526
482,542
oper.
from
Gross
—V.
160,
4,198,197
income™
oper.
ry.
5,096,686
981.
p.
>
,093,141
4,293,693
and the
3,720,758
,808,173
Share
Common Stock—
on
of
capital
outstanding,
stock
"Chronicle*'
of
Sept.
instead
of
See V.
25.
160,
$3
Per
-
all charges
109,613 shares
share as reported in
per
Columbia Gas & Electric Corp.—Increase in
Rates
Wholesale
announcement
was
.
"Officials
the
of
Ware
6%
capital
the
p. 2517.'/'
Edison ' Co. —Registers
•:
-
V: r..\G
$180,000,000
/•"/"
'Bonds with SEC—
Tt*e
interest
out
adjustment
exchange for $25,000,000
by
Halsey,
Stuart
&
firms
to
investment
will
be
underwriting
of first mortgage 3%
Inc.,
Co.,
underwrite
is
the
Net proceeds
'
.
■■'/'"
redemption of $98,000,000 first
I, due June 1, 1968, at 105 and $80,000,000
Public Service Co. Of Northern Illinois first mortgage SVas, due Oct. 1,
1968, at 105Va,: Additional amount required for payment of principal
upon redemption of series I bonds will be supplied out of other funds
of the company, including $12,617,146 of unapplied net proceeds from
sale in 1942 of $25,000,000 first mortgage 3% bonds, series K.
Funds
for redemption premium of $4,900,000 will also be supplied out of other
mortgage
.
funds
of
In
,
will be applied towards
3'/as,
the
order
series
company.
contribution
will
application of $80,000,000 of net proceeds 'of
$155,000,000 of company's series L bonds to the payment of principal
upon
redemption of Public Service Co.'s bonds Commonwealth will
purchase for cash $80,000,000 of 3% unsecured promissory notes of
Public Service Co..
be
will
1397.
p.
due Feb,
1,
1977.
♦Net
■
-•*
*
981.
y
.
Sept. 9, *44 Sept. 11/43 Sept. 9, '44 Sept. 3,1,'43
'$169,634
/ $59,200
($586,424/
$75,095
.
..1,530,030
560,784
1,436,153
492,170
1.608,144
468,964
company,
^$0.47 ;
tlf the.loss, on sale of a discontinued plant which was charged
earned surplus in the first quarter of this year had not been
to
deducted
in
$491,072,
or
the
computing
$1.35
requirements.—V.
the net profit would have been
stock after preferred dividend
taxes,
the
on
common
324.
160/ p.
give
drink
..Mopft, jSeryjee, division of-.Continental Can Co., Inc., contipuing, with
the same personnel, arid policies^as irij.the past.v,,T^eacbysid^tion was
.involve-approxitpatelyl $a,66o,OQC..,,.,; *///////>
' < -v
■
■
the acquisition the Continental c'oiripariy also became the
Through
Toronto.
formerly held by Mono Service Co. in Mcno,
and in addition will be entitled to royalties
Canada,
the
Ltd.,
and
throughout
world,
the
Net
y
;•;///
/
.
/.
Continental Motors Corp.—Earnings—
•9 Months Ended July 31—
™.i_™——U—;
share.—_™—-
profit
(Earnings
per
depreciation,
♦After
and
income
Federal
• 1944
$5,074,757
:-v
$1.69
excess
1943
$4,375,627
$1.46
taxes
and
Croft Brewing Co.—Debentures Called—
the
of
outstanding
10-year
5%
sinking
fund
debentures
1,
120 Broadway, New York, N. Yv—V. 159, p. 2193,
trustee,
Gross
Net
railway.™
157,392
128,676
634,239
income...
directors
on
the
30.
In
448,008
cents
in
Sept. 30 declared a dividend of 5% in common
stock, payable Oct. 20 to holders of record
on
cash were
1942 and 1943
made.—V. 160, p. ,1292.
of
the years
Commonwealth & Southern
weekly
kilowatt-hour
output
distributions of .five
electric
energy
of subsidiaries
this
of
corporation, adjusted to show general business conditions of
territory served for the week ended Sept. 28/ 1944, amounted to 255,815,284,
1943,
compared with 246,291,287 for the corresponding week in
increase of 9,523,997, or 3.87%.—V. 160, p. 1397.
as
an
Compania Hispano Americana
de
Electricidad,
S.
A.
outstanding
stockholders
The
amount
the
In
the
series
of
on
40
Sept, 30
the distribution to stockholders,
t^e fiscal year 1943-44
voted
Argentine
pesos
and
and
national
currency
per
share
of
Argentine national currency
per share of the series D and E in the form of 4%
"Bonos de Ca.ia"
of
the company, having the same characteristics
as the bonds dis¬
tributed in former years.
The new "Bonos de Caja" will be amortized
-within
16
A,
B
C.
eight
pesos
and a yearly coupon .will
be payable each Jan. 1 starting 1946.
The date as, from which the
distribution of these "Bonos de.Caja" will be made against presenta¬
tion
of
Coupon
fiscal
The
No.
agent
Trust
Guaranty
See V.
starting from Jan.
years
160. p.
Co.
1181. '
43
will
of
1945,
in
be announced
the
for
1,
New
company
York,
140
in
due course.
the
United
Broadway,
States
New
is
York,. N.
the
Y.
,
.
fund
the
the
outstanding
gold bonds,
of Nov.
as
p.
of
1,
series A,
next,
at
first
There
the
due
103 V2
and
^"nkers Trust Co., trustee,
1397.
16
,,
■
Payment will
be made at
160,
Wail St., New York, N. Y.—V.
now
available
for
payment
debenture
the
as
interest
to' holders of
the
debenture
is
Payments
thereto
the
bonds
debenture
'
$19.6083
will
be
Jan-.' 1,
made
1933,
■
only on debentures which have attached
and subsequent coupons, which have been
by
bound by
National Bank of the City of New York,
for stamping of appropriate notations
account
on
of
interest.—V.
156,
p.
11 Broad St., New York. N> Y.,
thereon evidencing such pay¬
1236.
H.
The corporation
elected
'
to
of
Howe, Treasurer,
12
a
o'clock
sufficient
the
:''v
■.
■*
the
1937
year
'.""
''
■
of
on
Oct. 2 announced
Nov.
that
v
.•
Sept. 28 announced that Roy A. Foulke has been
He has been Manager of the spacialized
on
of " the
"
Eastern Air
V
the
fof
tompahy
years.—V.
last -10
.'J-
i'/v'
159,
' ( />*/ '/
Lines, Inc.—Places Large Orders—
V
The
corporation has announced a $25,000,000 addition to its air
through the purchase of Curliss CW-20 Commando and Douglas
transports, according to Captain E. V. Rickenbacker, President
fleet
DC-4
of
company/
the
He added that the new equipment
multiply plane mileage five times in three
1183,
''•
.
& Fuel
Gas
Eastern
'
consolidated
Total
Provision
for
Associates—Earnings—
1944
income./
and
income
Depreciation
and
————
excess
Net
Div.
and
income
avail,
taxes
.
2,276;008 '
expense..;
prior pid, stbcfc/—/1
4%%
on
'
560,378^.
4,801,016
5,511,875
2.389,350
579,296
-
1,108,729:'• 1,108,729
pfd. stock before State
6%
to
dividends
on
$2,158,205
—
$1,813,642
$4.85
$5.77
share
per
■
■A™$3,266,934 "■ $2,922,371
requirements
Balance
/
1943
4,612,410
5,194,789
profits taxes—
../>.//—•
discount
:
,
$15,909,519 $16,203,908
depletion
Interest
Debt
would make it
years,—V. 160,
•v.:
12 Months Ended Aug. 31—
./;■//',.
sum
noon
number
of
at
160, p.
982.
Eastern
>
A.
.
/
■
:•
■
President,
Dibble,
•'
s■
has
N,
Syracuse,
about" 300
Conn.—
: ";
/■/,
Y./ which is now
employees,—V. 157,
announced the acquisition by this
century-old iron foundry/ located
engaged entirely in war business
p. 992.
Eastern Utilities Associates (&
Operating
Aug/31—
Operation—
Subs.)—^Earnings-
1944—Month—1943
1944-^12 Mos.—1943
$915,990
$902,852 $11,396,025 $11,057,957
566,514
532,638
6,681,330
6.521,995
revenues
......
55,651
43.585
523,006
459,259
taxes)
128,565
143,708
1,831,721
1,655,918
revenues™
$165,259
25,795
$182,921
25,277
$2,359,968
303,890
$2,420,785
450,835
$2,871,620
Maintenance
Taxes
Naugatuck,
Co.,
■
of the Frazer & Jones Co.,
company
with
Iron
Malleable
Acquisition—
—
Unci,
inc.
(net)
income
$191,054
$208,197
$2,663,858
accruals
63,260
63,260
759,100
760,770
Gross income—_
$127,794
$1,904,758
482,283
$2,110,850
Balance—-.
Retire,
reserve
Int.
amortization.™
&
Miscell.
.
37,207
$144,937
40,655.
490,143
85
20,233
$100,335
$1,404,247
$1,600,474
deductions, B. V. G, & E. Co.
Preferred dividend
77,652
-
>
77,€52
1,500,406
1943
$1,421,127
40,465
84,944
$1,344,402
Applicable to E. U. A.
19,669
1,306,925
1944
$1,464,005
39,454
80,149
interest
minority
to
18,227
—
Balance
Applicable
3,947
$90,503
deductions
$1,295/718
22,415
Earnings of Company Only
12 Months Ended Aug.
31—
Total income
Expenses
Taxes
(including income
taxes).
:
19,986
Balance
Common
for
dividends
dividends
paid
21,114
$1,324,417
$1,274,604
1,234,156
1.097,024
$90,261
$177,580
'
'
:
—
of
$19,805.
_
and Exchange. Commis¬
Philadelphia/ a notification of registration under the Public
Utility Holding Company Act of 1935, which subjects the Association
only to the provisions of the Act requiring recapitalization.
,
To
comply with these provisions the Association will later file a
plan of recapitalization for approval by the Commission.
In the in¬
terim, the Commission not having acted-on Eastern's application for
exemption, Eastern continues to be exempt from all other provisions
of the Holding Company
Act.
Following recapitalization, Eastern's
trustees
expect that the Association will
be completely exempted.
Company on Oct. 4 filed .with the Securities
sion
r
this company will
■
on
Vice-President.
a
reporting division
p.' 2518. /'•
/;■
Interest
15, 1944, receive bids for the sale to
4%. mortgage bonds due Jul" 1, 1941, to
Interest to Dec. 1, 1944, will be paid on
bonds accepted.—V. 158, p. 2330.
up
it,
exhaust
for
annum
Bradstreet, Inc.—New Vice-President—
Balance
Dayton Union Ry.—Tenders Sought—
G.
per
holders'
the company's agents to show that such debentures are
the plan of reorganization, dated March 28', 1938, as changed
and modified, and upon presentation of such debentures at the Chase
stamped
/'/■'.
5%
of
'4.'
■
'Net-oper.
due Jan. 1, 1955, the safn of $83,262,
portion of the net cash proceeds of
sales of capital assets made by the company during the fiscal year
ended June 30, 1944, and prior thereto.
The pro rata share of $83,262
for
each
debenture
in
the original
principal amount of $1,000 is
$20.8156. and after deduction of a 5.80% Cuban tax payable on said
interest by the debenture holder but required to be withheld and paid
to the Cuban Treasury by the company, the net amount for each such
refunding
interest.
is
is
rate
Cuba Co.—Payment of Bond Interest—
gold
50-year
392,328
the
gold bonds, due 1937, will be paid beginning Oct. 2,
1944, on presentation of bonds for stamping.
Interest is payable at
office of Central Hanover Bank & Trust Co., New York, N. Y.—V. 160,
p/ 1193.
/;// "
,' ■/-./ :r ■
■/ •
. g:at
Interest
Non-oper,
ment
mortgage 7%. sinking
3951. have been called for redemption
and
sinking fund - debentures
Payment will be made at
trustee, Detroit, Mich.—V, 159, p. 2517.
Connecticut Light & Power Co.—Bonds Called—
All
1, next, $200,000
dated May 1, 1933, at
the Detroit Trust Co.,
redemption as of Nov.
for
called
53/2%
interest.
and
101
which
out of the special reserve fund, of a dividend for
.
been
have
There
of
(The)
("Chade")—Dividend Authorized—
Redeem $200,000 Debs.—
Crowley, Milner & Co.—To
Corp.—Weekly Output—
of
2,146,075
549,284
539.8Q8
/
first mortgage 5%
period End.
The
736,063
.
Payment—■
common
each
2,702,461
2,795,647
836,441
641,008
2,849,356
railway.
railway...—.
oper.
Interest
at
stock
111,675
83,511
84,316
58,261
-
1941
$361,315
141,429
117,880
1942
$407,045
income
from
from
Net ry.
Lewis
(The) Cross Co., Detroit, Mich.—5% Stock Dividend—
Sept.
.
due
1945, have been called tor redemption as of Nov. 1, next, at
and interest.
Payment will-be made at the Empire-Trust Co.,
Nov.
1943$445,543
1944
$376,143
railway......
oper.
—V.
profits
proper reserves and charge-offs.
(On 3,000,000 shares
capital stock.
■
■■/•' ■/'■//'
Shipments for the nine months ended July 31, 1944/increased ap¬
proximately 23% over shipments at July 31, 1943.—V. 160, p. 829.
•
All
iron
//Files With SEC—
of
allowance
cast
This acquisition
capacity it requires,
site.
10-acre
a
2415.
p.
'
from
from
Earned
.
on
additional
Corp.
159,
From Jan. 1—"tV'.
in effect with Mono licensees in coun¬
according to the announcement.—V. 160,
//■
p. .1398,
buildings
of five
Draper
stated.—V.
Net ry.
rights under agreements
tries
-
Duluth South Shore & Atlantic Ry.—Earnings—
,
the shares
of
owner
other
647,526
•'///
has purchased from the B. F. Sturtevant Co. of Hyde
the
Niles-Bement-Pond Co,
(Pratt
& Whitney
August—
p.
Division—
cups.and paper food containers, according to an announce-,
ment made.on Oct.
2 by Carle C. Conway,
Chairman of the board
and President,
He added that the business would be operated as the
•
V,
foundry in Framingham, Mass., which the two last-named
jointly owned.
The foundry has a capacity of 100, tons/a
and consists
the assets and business
manufacturer of paper
This corporation has acquired for cash all of
Mono Service Co. of Newark, N. J., pioneer
hot
"/
a
possible to
Continental Can Co., Inc.—Acquires New
of
$1.16
•.<*;< $i.63b <'
;
'/ 175,346 '/
and
Mass..
was
for''ail 'charges, including depreciation,1 interest arid
After' providing
direct
The
.
...
immediately following the sale of
Proceeds of Pottsville's sale of
as
the sole stockholder upon
Consolidated
p.
'2,850,590
1,467,119
income—
142,959
$333,103
$306,953
163 363
v
160. p. 982.
Gross
of Pottsville.
to
2,766,846
will
it
Consolidated owns all of the-out¬
Certain indebtedness consisting of a
Pottsville
to
assets
delivered
,
profit'
taxes.,
'
the redemption premium of $4,400,000 and accrued inter¬
supplied out of other funds of Public Service :Co.—V. ■ 160,
v
'
/y
for
Funds
est
and
be
2,846,538
oper.
concerns
surrendered
Earnings per share/..!./ ■'
>100
effect
to
be
64,856
2,935,806
day
on
principal amount of $9,100 owing by Pottsville
to Pottsville for cancellation as a
the
50,605
railway™.
railway...™
Division),
-Quiirter Ended— 1st 9 Fiscal Periods End.
or
organizing a nation-wide group of
issue.
Offering price to the public
in
will
sale.
of
Pottsville.
liquidation of Pottsville.—V. 160,
-Net
supplied by amendment.
3
56,523
1941
$352,259
196,496
68,103
1942
1943
$349,510
.
from
Park,
:
price of $271,000 in cash, subject to certain
date
of
Period—
commissions in
bonds, series K, owned
discounts
companies.
insurance
14
a
or
Oct.
SEC
: '•/■/''.
RR.—Earnings-
1944
railway..
Dun &
of
registration statement with 'the SEC for
$180,000,000 first mortgage 3%
bonds, series L, due Feb. 1, 1977, of
which $155,000,000 are to be publicly offered.
The offering excludes $25,000,000 of series L bonds to be issued with¬
filed
has
company
the
1,696,936
j'y
railway...™oper. income—
This
the
,
before
3,004,550
1,369,757
»
6,054,918
3,271,605
2,025,259
5,527,347
2,341,419
1,267,068
Draper Corp.—Purchases Framingham Foundry—
from holders thereof,
so purchased to the trustee under
for cancellation.—V, 160, p. 9§1. /
sales
the
to
securities
stated to
Commonwealth
or
/
Consolidated Laundries Corp.—Earnings—
•
-
held
basic
a
property
.assets
begin
C6fp., below.—V. 159.
market
open
2,423,454
from
from
—V.
by
trust
collateral
the bonds
same
-:<v
982.
p.
1941
$620,464
282,984
170,628
,
of
bonds
•
..
'
.
1942
$637,873
243,951
139,155
6,375,417
oper.
ry.
Net
Sale of Additional Properties—
on
Consolidated
-■■the
system
Postal Meter
of
was
demand note
to
Commercial Controls Corp.—Acquisition—
See U. S.
of such bonds in the
for
standing
'
:
Consolidated's
adjustments
some time* this month.
|
emphasize that the extensive well drilling
program in
the West Virginia group in gas producing sands other
than the Oriskany will have to be continued for years to come despite
deliveries from sources outside the Appalachian field.
"The increased costs thus inevitably required to enable the system
to continue to give the public the service it has had in the past mu3t
be obtained
from those using the gas.
Therefore, the above-named
companies are applying to the Federal Power Commission for increases
in charges for gas sold wholesale to associated companies.
"The officials of the Columbia system feel that an increase in such
wholesale rates is essential to develop and maintain adequate supplies
of natural gas in order to continue the high standard of service in
the communities in the Columbia system."—V. 160, p. 1292,
deliveries will
that
and
of
the proceeds
.
1943
$709,640
283,186
176,966
6,087,130
160,
Net ry.
1962 of Citizens owned by an insurance company.
due
to
made on Oct. 4:
.
''/
"The
imminent
exhaustion
of
the
Oriskany gas fields in West
Virginia, due to greatly increased use of industrial gas, has been
very
carefully studied by the officials of the United Fuel Gas Co.,
Warfield Natural Gas Co., Cincinnati Gas Transportation Co., and the
Huntington
Development
& Gas
Co.,
which are included in the
Charleston, W, Va., group of the Columbia Gas & Electric System.
In order to replace the gas thus consumed, the companies have found
it necessary to engage in the most extensive and expensive drilling
program in
their history, and have contracted for additional large
quantities of gas to be delivered from Texas.
The Tennessee Gas &
Transmission Co., with which company the contract has been made,
advises that oyer 1,200 miles of pipeline have already been completed
following
retirement
securing
considera-
Consolidated also proposes to cause Pottsville Gas Co., a gas utility
serving Pottsville and environs, to sell all of its properties and assets
.■
Sought—
The
the
hearing
4%
■
ry.
Gross
net current assets
the use of
121,134
,
.
.// / ;
'
■■
From Jan. 1—
.
1292.
p.
of
201,293
August—
Consolidated to Portsmouth of
Portsmouth for cancellation, the
Portsmouth,
income™
j';!;-
railway.™
Net-from
Consolidated's pro¬
posal to sell to John H. Ware, 3rd (or his nominee), all of Consoli¬
dated's investment, in Bangor Gas Co. and Citizens Gas Co., gas utility
companies engaged in the manufacture and distribution at retail of
manufactured
gas
in
the municipalities and environs of Bangor,
Stroudsburg and East Stroudsburg, Pa., respectively, for a basic sales
price of $250,000 in cash, subject to -certain adjustments to the date
of sale,
All of the outstanding securities of Bangor and Citizens are
owned by Consolidated, except an issue of $93,000 first mortgage bonds,
amounted to $377,222, or $3.44 per share on
taxes,
the
/■■■.
30, 1944, the net earnings, after
For the year ended June
and
$3,44
stock
1944
$688,514
;
Detroit «& Toledo Shore Line
by
of
,Hearing
.
Co—Correction—Earned
Chemical
Net
—V.
.,..>/
1,359,055
217,995
406,880
.
RR.—Earnings—
railway.......
income...
from
160, p. 1398.
Gas Co. for a cash
:
railway.™
oper.
Net
Net
$38,849 for the
of
surrender
common
surrender
indenture
the
dissolution
in
sale
and
amount
an
1944,
and
the purchase
7,224,998
,621,268
$160,000 plus
April 30,
:• ■/,
railway™/..
irom
1941 '
$237,861
83,406
105,400
1,668,207
412,570
605,637
,
From Jan. 1—
Gross
u,///
to Allied New Hampshire
549,422
2,035,322
564,834
638,189
1079.
from
from
Net ry.
of Portsmouth
Gas Co.—Sale
■
,.
preferred
A
Clorox
Net
Sept. 26 approved the sale of all of 'the assets of Ports¬
on
liquidation
.the
8,673,376
4,651,097
3,747,828
9,598,968
railway.
the
.
..
.
railway—:
from
Net
/
of
of
as
572,460
From Jan. 1—
Net
tion
•
railway...—
from
Net
1941
1944
from
SEC
mouth Gas Co.
$1,219,524
August—
Gross
Gross
■
»
407,044 '.
income™
oper.
August—
•
Gross
elected
.//
2,207,116
railway—
160, p.
'
:
railway.™
Detroit Toledo & Ironton
been
1
112/263
income™
oper.
ry.
—V.
•
.
The survey is
have each
1397. * ■
Net
order
and
Assistant
.
post-war
as
96,801
from
1942
$254,968
92,692
118,770
1943
$281,733
77,807
75,509
$327,477
From Jan, 1—
Gross
Net from
Comprehensive Survey—
a
ry.
railway.™
railway.™—
from
Net
to help industry in the metropolitan area obtain as much
work as possible, and get it as soon as production for
civilian purposes is permitted, this company and its, system companies
are
making a comprehensive survey of the manufacturing facilities
in Manhattan,
the Bronx, Brooklyn," Queens and Westchester Counties, N. Y.1 Technically trained field employees of the Edison system
are
interviewing 24,000 industrial concerns to obtain information on.
the products that
they can manufacture, as well as on processing
facilities.
The survey, which will bring together much information
not
heretofore
available,
will cover products manufactured in
the
pre-war
period, at present, and those contemplated or possible of
manufacture in the post-war period; number of employees in the pre¬
war period,
the -war period, an estimate of the number tot the post¬
war
period broken down into-male and female groups; plant data,
research and engineering facilities, .railroad siding and dock facilities,
In
,
company
■
-
Each
(a)
proposes:- , \
•
of cumulative preferred
par>
from
Net
compared with 215,700,000 kwh. for the
corresponding week of 1943, a: decrease of 21.8%
Local distribution of
electricity amounted to 160,700,000 kwh.. compared with 198,800,000
kwh. for the corresponding week of last year, a decrease of 19.2%.j
company
($100
shares
30,000
series;
5 Va% series of cumulative preferred
change
follows:
,
recapitalization
of
in
To create
(2)
initially of
Gross
168,5G0,000 kwh.,
.
plan
authorize
issuable
stock,
to
amounted
.recapitalization.
Under
on
company
1944
Monday, October 9,
*
Balance
—V.
to
160, p.
surplus.
624,
982.
fr>J<r tM 1*585 V'-Winkf/wVAbV^W^
I
THE COMMERCIAL &
4323
Volume .160 : Number
.capital stock of .the par value,
of
/
" ' *
For'the week ended Sept, 28, 1944? system inputs of client operating
companies of Ebasco Services,i Inc., which; are subsidiaries of American,;
Power & Light Co., Electric Power & Light Corp., and National Power
Light Co.. as compared with the corresponding week during 1943 were
Inc.—Weeklyrlnput—
Services,
Ebasco
<
"
..
,
>
,,
follows:
as
'
'
•••.:'
.•
•.
,.
.
,
of Gruco, Inc., then issued
retired and no shares of the
corporation shall be issued in lieu thereof.
190,000
4,659
2,5
106,114
3,011
3.0
National Power & Light' Co.
102,452
803
0.3
The above figures do not include the system inputs of any companies
not appearing in both periods.-—V. 160, p. 1399.
Transfer and Exchange Agent— '
directors
Corp.—No Action on Dividend—
2 took no action on the declaration of a
stock of no par value because of tne uncer¬
company's wage rate case now pending before
1943 the company
In
'
15
31.
—V.
160,
Corp.—New Vice-Pres.—
formerly Vice-President and General Manager
of Wright Aeronautical and a Vice-President of Curtiss-Wright Corp,,
has been elected a director and appointed Vice-President in charge of
operations of the Fairchild company,-—VV 159, p. 1553.
Gordon,
B.
" '
Federated Department Stores,
,
Ry.
Inc.—New Directors—
Ry.
and Jeffrey L. Lazarus have been elected direc¬
who fills a vacancy on the board caused by the
death of Edward J. Frost of Boston, is ■ Vice-President of the First
National Bank of Chicago.
He also is a director of The Hub, Henry C.
Littoii & Sons of Chicago, ,and the Better Business Bureau of Chicago.^
1937
Federal Machine & Welder Co.—Merger
See Raytheon Mfg. Co. below.—V. 158, p. 2467.
.
,
•
should
have
Mass.,"
Deducts.
been
published
under
Cleveland
the
at
V;1-/.*'/' ■' :■■■__
Gross from
.
Sales—...
from
1294
p.
ry.
Florida Power & Light
1
160.
*
P.
,
With SEC—
has
'
subsidiary, has acTex., manufacturer
fungicides.—-160,
'
,
;;
Vv.-:\
filed a registration statement:
York, head the list of
of the others to be filed by amendment.—V.
New
Co.,
Other
;
;
$1,952,400
$867,478
$892,090
260.524
359,740
222,258 " 312,112
charges
income
taxes
$864,823
$464,544
420,009
Net
:
134,463
379,427
•
"
$598,563 V, $733,937
3,730,488
3,155,214
$4,329,051
238,021
5,640,542
2,414,463
2,804,138
2,149,006
3,326,887
surplus
$3,194,877
$4,091,030
$3,730,488
?
paid
Dividends
years.
p
792,603
Earn,
surplus, July 31
158,663
Co.—Pays $1^Extra Dividend—.;
declared -the-usual- semi-annual- dividend
par $10, payable Nov.
39,664
' "
8 Mos.
sales
Gross. Profit
Sept. 30, stated in part as follows:
'
on
;
30— '
1942
<
1941
;
$12,951,585- $10.514,1-51'
1943
$1,477,045
$1,507,896
85,919^, 131,244
.
8.713,024'
11,580,664
12,341,014
sold'J: 6,390,348
sales.
commissions^
Inc.- from
'
the carryover of unused excess
;
-
j
<
$1,801,127
.
119,334
$1,370,921
123,568
.,
$1,562,964
513,454
760,762
';';V'v-v
Profit
from
opers
$878,379
$.726,109
$1,013,792
13,642
directors have
declared
a
This
;
fractories Co.
; to
Angeles;
Calif.
$6,639,123
period
Forma
Assets—
S.
SDecial meeting
the
6,364,905 .
$7,117,098.
587,445
$7,002,943
469,956
$7,240,387
$6,532,987
$6,417,964
822,423
;
-
y
303 ,322
309,642
311,637'
208,216
and
Inc.,
$7,747, 881
t947, 805
securities--,-,.^-..——'1—
——
$99, 120
■
a. 716
1,827, 763
-1-
6,712, 022
4?
refund—j,——
:
and accounts receivable, etc.—
Real estate, nlnnt and equipment-——^————-————
ttPost-war- refund
§ CI aim
for
,—
T.—$23,842,512
pavable
$441,537
—-—,—__,——
^ .
income taxes—:—
Federal and State faxes-—-——--——•.—_—.«—
for
Rpscrve
3% %
advertising
allowances————
§§Paid-in
Earned
.
surplus
———————r--_
—
surplus
:
—
—
1
1,255.697
89,852
42.667
4.6Q9.560
debentures duo 1956—^—————
stock (par $10)
:——j
Capital
prevented by present restrictive charter provisions.
It. is proposed to eliminate both the class A and B
1
Liabilities—•
t-tFedcal
been
f 89, 239
;
———
Accrued, liabilities
.
F7 192
1
copyrights
and
Accounts
and',
104, 126
.
charges
Total:
.
Oct. 27 to vote on
*6,l^O. U59
*
insurance:1
Deferred
1?q
29, 219
notes
Miscellaneous
Patents
proposed recapitalization plan simplifying the capital structure,
making possible dividends to present B share holders which have
$675.;^/
-
$6,529,653
.
receivable '
Prepaid
a
$5S4,979
6,417,964
securities (other) —
intcrost receivable—
Accounts
plants for the production of silica refrac¬
"•
of stockholders will be held on
6,532,987
v
Consolidated Balance Sheet of Goodall-Sanford,
Wholly-Owned Subsidiaries as at July 31, 1944
-j
•„"'•'■ : \
Government
Accrued
formerly conducted by Emsco, including the recently
completed,silica brick plant at Nehi, Utah, will be continued as the
Emsco division of Gladding, McBean & Co. under the management of
Joseph D. Rhodes, formerly Vice-President of Emsco.
acquisition adds two
12,540
"301,170
end-
Operations
A
5,559,525
7,037.148:
4,414,559
Total
^———
-—
;
j.:—--—— $23,842,512
shares through
the basis of four shares
f * Book value.
fMarket vahm. $947,199. , tMarket value, $113810.
of common
stock and one share of
swpfit«-o]
tu.ves on
income.
IIAfter giving eff<,"t to t.6« r""rger of
common for each issued share of class B stock. '
•>
'
Goodall Worsted Co.
(surviving company) a^d Sanford Mills, and
The present 7%
preferred stock, of which there are 26,700 shares ' on the.basis that all the eouitv securities of these cc^nanies will be
outstanding, would be left unchanged.
.■
exchanged and new.securities issued under the recapitalization plan..
;
Giving Effect to the plan, there would be 426.250 shares of common \ ••After deducting $6,303,583 for reserves for depreciation.
ttOf excess:
stock authorized and issued, of which all but 2,000 shares held in the
profits taxes (estimated).
t.fAfter deducting '$671,489 for U. S. tax,
corporation's-treasury would be outstanding.
savings
notes.
§§Arising principally from exchange of company's;
^Under the present charter"provisions (he class A stock, after regular
equity securities. ; - "
preferred dividend requirements, is entitled to non-cumulati"e. div'i-1
TVat"»—The w^ollv-nwned sobS'dtarv. The Goodall Co . iS the de,
dends of
-per share annually before, the B stock can receive any;
fendant in law suits aggregating $25.0b0.
Judgments of $3,000 in.
■
-
trustee, paying-'
-352,467
profit and loss not
Other
j
surplus,
,
•"
'
.
;
•segregated
UPro
has acquired the operating properties of Emsco Re¬
of Los
of
$461.9,J7
6,529,653
$6,991,590
paid
Earned
2,647
326,636
417,038 /
Note—Deurec,": charges
stock, payable Oct.- 16. .to holders, of ..record. Oct.,,6. ',, A like,
paid on April 20 and July 15, this year and on April 20,
18 and Dec. 11, 1943.—V. 160, p. 9.
company
,
Total
-
$1,189,193
$914,262
—— :
.;-
.
■
Dividends
116,021'
188,152"
135,413*
692,681
$1,0^.172
•Marketable
Div.—
dividend of 25 cents per share on
.profit, for year^
surplus
•Net
Previous earned
\ 847,789.
768,380
$1,154,618
.
$1,920.961'!
' $1,639,140 * $1,494,489 *.
$1,049,510
' 105,108
Sell. & admin, exps. etc.
profits credits of pre¬
■> V-
•
profiL^J-
Total gross
Sanford,
'—Fiscal Years Ended Nov.
End.
$7,867,392 $13,848,910
.
coSt" of goods
Mfg.
.
$l;960,767
and Loss and Surplus, of
Co., Inc.
Profit
Juiy3i.'44
Godchaux Sugars, Inc.—Plans to Recapitalize—
semi-annually ,
Trust Co. has been appointed
registrar for the issue.—V." 160, pi 1294.
'
$3,155,213
Subsidiary, 9Uf,C. Chase &
Its
and
•'
Net
of 25 '•
30 to
..
Consolidated
of
Mills
i','i'
v \
-
tories.—V. 159, p. 216.
151, p. 245.
Privately—An issue of $220,000 2% equip¬
certificates, series 38, has been placed pri-
The/Manufacturers
.
$1,960,767
'/■
*Loss,
.
Gladding, McBean & Co.—Expansion—
The
underwriters, with names
vately.
The certificates manure $11,000
from April 1, 1945, to Oct. 1, 1954.
2,124,219
1,960,767
„
907,046
'
-
Clippinger/ President, on
$3,889,151
*.$163,452
.$1,234,110
:
profit:
Previous earned
Sept. 30 paid-an-extra dividend of $1 per share on •
par Sl. to holders of record Sept. 20, out of past
haVe
516,246
854,690
118,944
7,218,594
3.196,052
6,957,596
2.405,074
2,105,838
50,709
$285,684
152,626 -• 241,987
204,079
207,149
'
:
361,584
:
,
•
^
/
1941
1942
1943
amount was
Transportation Corn.—Eauipment
American
287,744
profit
Depreciation
Prov,
for Fed.
accrued
capital
Issue Placed
agent and
Total
July 16. Oct.
stockholders.
trust,
$1,472,359
.-v.,'''"'
■
per
The
.
ment
$1,758,255
Giddings & Lewis Machine Tool Co.—25-Cent
stockholder . of record will, be offered an
25% .of his holding on the same basis as
the two holders'named.* ^'to the extent that this offer :is accepted by
the stockholders.) Mr. Penney * and. Mr. Reinhold will reduce the per- ■
rentage of stock they will sell to make the total number of shares,
equal to the number contracted to be sold,
Proceeds will go to the
General
1943
NT.
registered.
However,. each
opportunity to'.sell'at least
&
$234,976
69,046
income
Other
last year for the reason
uncertainties.. However, "
since the close of .the year, accountants for the company have made
a; complete study and
analysis of its base for excess profits taxes and >
have submitted a definite report of the tax..situation of the companyFurthermore,.the company has had experience in conducting its opera¬
tions under price-ceiling, which,'during the latter part of 1943
and
the earlier months of 1944, were in the process of being established- for
produce grown and shipped by company... While many of these ceilings '
are
unreasonable and even .arbitrary, the company has been able to
formulate an operating program which we hope will be reasonably sat¬
isfactory.
During the latter part of last year and extending into this ;
yean, the company has succeeded in disposing of all of its ranches ex¬
cept two that represent relatively small investments.
We have also
changed our basis of operations by renting instead of buying farm lands
on which to grow vegetables shipped by the company.—V. 159, p.
2303. ;
; The preferred stock will be offered to the public at $50 per share '
the common stock at $7 per share.
J. C. Penney and Paul E.'
Reinhold have contracted with the underwriters to sell them the stock
Allen
$1,664,655
"
1943
No dividend* was paid on _the common stock
that at that time we were faced with. many,
and
-
■
$1,405,597
opers._»
income for "this" year," which, "unless unforeseen develop- / Other income
occur,.'will be between 65 cents and 80 cents a share on the
«Total
—''
common stock after provision* for taxes and preferred dividends1.
With
Other charges;.
a
substantial part of the earnings of the company reaching into the ;
Prov.
for
Fed. income
85%% net tax bracket, "ft; is practically impossible for the company
'.'.•-.''taxes
•■•to earn a greater amount per shart Vn the common stock under present
...i-,'.
^ •;• ■ .-■•;■
conditions and Under the"present;" tax laws; 'H;'
' . . ;
company.
selling
from
Estimated
with the SEC for .
13.000
shares of preferred stock, 6%
cumulative (par $50),. and
75.000 shares of common (20-cent par value).'
The shares are Issued
and outstanding and the offering does not represent new financing by
i The company
the
984.
-;
2,004,318
$1,623,542
1,492,667
nients
Jacksonyille, Fla.—Registers
v
■
Sept. 21
the year 1943,- after taxes-and after provision for-current
preferred dividends, this company earned $2.05 per share
common stock.
The earning of this amount of money was possible
on
Co.—-Debentures Called—... , .
redemption as of Nov. 1, next, $185,000
Inc.,
Dairies,
Foremost
1
"
1,500,269
&
expenses
$178,463,
$36,900
1944
6,114,681
1,544,987
$1,670,056 $1,474,643
:
27,904
33,989
188,899 '
190,470
sell.
stock,
Finished
1944
1944
- j
8,151,007
8,122,407
"During
and
>
y-;
Jan. 1 to
1941
$8,353,975
8,068,572
46,514
sales
.
i The Niagara' Bnrayer & Chemical Co., Inc., a
quired) Coastal Chemical Co., Inc., of Harlingen,'
and distributor of agricultural insecticides and
'
$125,952
share on the preferred stock,
holders of record Nov. 20.
■.'•?■'/
1R44—9 Mos.—1943 .
$4,416,907 $4,475,396'
Machinery Corp.—Subsidiary Expands—
983...
railway
directors
-The
cents
of the sinking fund,
p.
$49,020
1944
1943
•
1942 ^
$11,238,616 $11,019,157 $11,315,931
Mfg, Cost, of goods sold
:
;
oper.' income_l_ -
earnings.
of its
Food
.
Statements
The company has called for
outstanding 4y#'^ sinking fund debentures due 1979. for account ;
at 100% and interest.
Payment w-ill b'te'made at.
the Central Hanover Bank .& Trust- Co., trustee, .70 Broadway, New
York, N. Y.—V.. 160,. p. 1184.
■.
;
3,695
Accounts of Goodall
Profit and .Loss, and Earned Surplus
Worsted Co. and Subsidiaries
Total
.
r
r
-
(S, A.) Gerrard
Co.—Renegotiation—
.'
3,660
$38,100;:
income™' v '
The company on
the common ;stock,
Fowler, President, reports
;
$182,159
%—
?
vious
and 727.
$129,612
Week Ended Sept. 21
■
railway
from
Net
that final settlement has.been made ;
of the renegotiation proceedings relating to 1943 sales.
The amount
provided for renegotiation- liability, in the financial statements, at '
Dec. 31. 1943, exceeded the amount actually needed by $9.500/—V. 160,
R. L.
i:
-
only because of
Florence Stone
,
$50,343
1,323
1867
Years End. July 31—
From Jan.)—
Net
160, p.. 1184.
—V.
,
$589,998
-
4,597
$38,099
railway
from
Gross
"
,
8,412
1,336
'
railwayA__"
Net ry. oper.
for .redemp¬
Inc.—September Sales—
,1944—Month—1943
,$559,929
Period, End. Sept, 30—
■
1,534
Georgia RR.—Earnings—
John H.
Fishman & Co,,
(M. II.)
;
V
!
August—
•
Sept. 23, 1944, $49,000 debentures previously-called
tion-had not been presented.-—V. 160, p. 830.
2,614
in
$177,561
$39,436
Operating revenues
-t-V. -160. p. 1400.
St., New York N, Y;,*
On
$121,199
'
—V.
or
$48,808
,
.
■
Called—
; The,company has called for redemption as Of Nov. 1, next, 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
«& Co Incorporated, 23 Wall
Trust' Co., Cleveland, O.
15,894
$36,822
income..
front
Period—
"Fiduciary-Trust; Co; of Boston, ?
office of J. P. Morgan
16,420
Profit
Rubber Co.—Debentures
Firestone Tire &
•
1,995
Surplus applic. to int. j
late,Robert Hallowell Gardiner, who . died on:
last,"was President,—V. 160, p.- 1400. '/
/>' ( ',■;/•
Sept, 15,
42,521
2.037
admin,
which, the
of
72,321
Net
York—Correction—
•
heading - in last week's "Chronicle"r
this
under
given
item
The
9,505
Gross income
Net
'
17,8.14
15,3.12"
1
Report—
,
23,568
Goodall
and
Mills
started
Consolidated
Fiduciary Trust Co. of New
:
2,343
:
-
Woster Co. are outgrowths of the busi¬
by Thomas G. Goodall.
At the outset plush
fabrics, now the principal business of Sanford Mills, were the most
important product.
Subsequently a worsted division was added. Over
a
period of years the two corporations became separated.
In 1941,
however, the two companies again came under the same joint manage-'
ment.
V ■
: ;; ■
'
'
.Net ry. oper. income.
;.v-'
■
& Sons,
Sanford
3,839
' "
;
1938-
of
(net bah)
rents
debtor
;
:■■ •
agreed upon was reported to be $6,750,000.
Out of this
sum
Federal would retire Springfield's $4,014,000 first mortgage 5% •
bonds at .102 and the latter.'s 11,286. shares of $7 preferred stock at$115 * a. sliftfc,' '* ■"»* • ''.f •' *'■*' •• ''
1 4 .'*•
».
',4 ■«
This would leave
a
balance of - $1,357,830 for .Federal's ownership
of Springfield Gas & Electric Co.'s entire 50,000 common shares.-r.'
1079.
&
Vice-Presidents.
'
I The price
160, p.
19,299
Jt. facil. rents (net bal.)
subsidiary.
v.
25,421
ness,
debtor
•.
Traction Co.—Sale of Subsidiary—
concluded a tentative agreement to sell to the
Mo., the Springfield Gas & Electric Co., a
has"
Springfield,
2,538
Unemploy.
Insur, Act
Federal Light &
company
$1,359,359
1,048,599
37,667
4,159
Non-oper. income
of
1,341,871
37,776
——v.-
RR.
Fed.
Equip,
Vice-President, General Merchandise Manager, Secre-•
John Shillito Co.-of Cincinnati and a direc¬
Co. of Columbus, O.
He also is a director
of the Cincinnati Retail
Merchants Association and the Cincinnati
Better .Business Bureau.—V. 159,; p.. 2519.,;
,
:
This
4,722
Taxing Act
RR.
of
tary and Treasurer of the
tor of F.. & R. Lazarus &
City
$1,638,579
140,726
4,722
accru—Regular
tax
Fed.
is
Lazarus
Mr,
$210,640
223,171
:
-
Heymann,
Mr.
Co.; Paul H. Dftvis & Co.; F. S, Moseley & Co., and E. H.
Inc.
completion of the merger the directors of Goodall-Sanford,
Inc., will be Harold P. Gray, Joseph H. King, William C. Langley,
F. Everett, Nutter, William S. Nutter, John F. Rich, Frank M. Sugden,
Cameron S. Thompson,
Elmer L. Ward.
Mr. Ward will be President
of the new company, while the Messrs. Nutter and
Sudgen will be
1944—8 Mos.—1943
$289,866
-
expenses-.
oper.
include Blyth & Co., Inc;;- First.
Inc.; Smith, Barney & Co.;
Allyn & Co., Inc,; Hemphill,
group
Harriman Ripley &, Co.,
Blodget, Inc.; A. C.
Webster and
&
Stone
in
Corp.;
Upon
1944—Month—1943
Pericd End. Aug. 31—
;•
Ry. oper. revenue
'Walter M. Heymann
tors.
Others
Boston
Rollins
.
expires Oct. 14.
the purchasing
offer
chase
Noyes
-
below.—V. 120, p. 2780.
Manufacturing Corp.,
Hayes
i
a
Georgia & Florida RR.—Earnings
Inc.—Control Sought—
Farrel-Birmingham Co.,
See
'
;
consolidated with Goodall
latter corporation to be changed to Goodall-.
will have $4,699,560 of 3V2f/e
sinking fund
Nov. 1, 1956. and 555,9521/2 shares of common stock
outstanding immediately
following the merger.
For each share of
stock of Sanford Mills, which has 234,978 shares in the hands of the
public, 1V4 shares of stock and $20 principal amount of debentures of
Goodall-Sanford, Inc., will, be given.
The stockholders of Goodall
Worsted, which has -79,384 shares outstanding, will get 3Va shares
of stock of the new company for each share now held.
The Union Securities-Langley group is making an otier to purchase
any of th? present stock of Sanford'Mills at $40 a share and any of
the present stock of Goodall Worsted at $55 a share simultaneously
with the mailing of the merger plan to the stockholders..
This pur¬
which
Inc.,
debentures due
Sanford,
New
on
to
Mills' is
Sanford
.
of the two
The sellingThornburg,
Worsted, the name of the
special meeting of stockholders on Oct. 31 the creation of an
authorized issue of 50,000 shares of 4% % preferred stock of $100 par
will
be considered.
The stockholders will , also consider a provision
that any shares of 6%
preferred stock now held ,or hereafter acquired
by exchange, purchase or redemption shall not be re-issued and shall
be
canceled and retired.
At present there are outstanding 38,380
shares of the 6% preferred stock.—V, 160, p. 626.
,
'
.
At
and W. N. Campbell.
be merged into and
Thomas M. 'Goodall
*
Vote
plan
textile
"
\V
1294.
p.
Fairchild Engine & Airplane
Myron
which will be submitted to the stockholders
companies at special meetings to be held-Oct. 19.
stockholders
included William H.
Marland, Harvey D.
tion-
surviving
'
Corp.- -To
Langley & Co., who head a'
C.
of New York, Boston. and Chicago banking firms which has
purchased the controlling interests in Sanford Mills and Goodall
Worsted Co.. on Oct. 4 announced the terms of a merger and consolida-
and out¬
Preferred Stock Issue—
Corp.' and W.
group
"
Co.- has been appointed
Instruments
Time
General
Board.
Distributions this year were as
cents, and April 29 and July 31, 10 cents each.
paid 15 cents on July 31 and io cents on Oct, 30.
War
Jan.
follows:
the
Labor
of
National
the
Group Acquires
—
.
Securities
Union
The
the common
on
outcome
tain
Oct.
on
nounced—
.
sole transfer
agent of 1,549,351 shares of the new capital stock (10 cents par value)
and will also act as exchange agent for the old preferred and common
stocks under agreement of merger dated Aug. 25. 1944, between that
corporation and its wholly-owned subsidiary, • Gruco, Inc.—V.
160,
p. 1400.
: •
Farmers Trust
City Bank
The
Exchange Buffet
The
dividend
r
.
.
Amount Pet.
1943
1944
185,341
97,103
101.649
Operating Subs, of—
Power & Light Co.
Power & Light Corp.
American
Electric
;
common
; Each
share of capital stock
standing shall be cancelled and
.—Decrease—.
...
' '
"
'■
Sanfordj Mo.
Control-r-Offer Made Stockholders—Merger Terms An¬
stock (par $1) of the. constituent corporation
General Realty & Utilities Corp. then issued-and outstanding shall be
converted into one-half of one share of capital stock of the par value
of 10 cents per share of the surviving corporation
"
Each shave of
—Thousands of Kilowatt-Hours-r-
'
Goodall Worsted Co.,
of-10 cents per share of the surviving
Corp. and $100 principal amount
due Sept; 30, 1969, of the sur-'
corporation.
viving
1525
FINANCIAL CHRONICLE
corporation General Realty & Utilities
of 4%" cumulative income" debentures,
•
■
,
common stock issue cn
for each issued share of class A
exchange for
a
new
-
General Realty &
Utilities Corp.—Listing of
"Exchange has authorized the listing
stack. 10 cents bar value, and $11,100,000
The New York Stock
shares.of capital
Securities
of 1,549,351
4%- cumula¬
1969, on official. notice of • issu- \
ance
pursuant to the agreement of merger dated Aug. 25, 1944. be¬
tween
General Realty & Utilities COrp. and Gruco, Inc.,
a wholly j
owned subsidiary.:
:
.•
•;
"- *'< " •* •
' - T '
Upon the merger becoming .effective . each share of preferred stock
(nn mr v^lue. but with, a etatert value of 825 per. share) of the con-;.
stit.Uent corporation General Realtv
Utilities Corp. .then issued and;
outstanding; including* all" accumulated unpaid dividends thereon (ex-;
cept shares held in -its treasury) shall be-converted into seven shares
tive
income
debentures, due Sept., 30,
,
..
dividends.—V-. 156,-p;-959.
-
- -
*
--
•
»
.
favor of
the plaintiffs
have been
appealed bv the company.
from renegotiation nf;
31, 1944, cannot be'
(2) The liability if any/which may result
wai-cont.rpefs applicable to the period ending July
•
[ Goodall-Sanford, Inc.,, Sanford,. Me.-—Merger— ^
-See
Goodall Worsted Co. below.
-
^
:
j
,
stated at
this time.—V
159, p. 2634.
the
the U. S. District Court in New York on
Oct.
2
vacated
a
temporary injunction which was obtained by the
Office of Price Administration on Aug. 8, 1943, restraining this com¬
Vincent
Judge
of
Leibell
wear
*30,707,462
4,357,047
31,129.088
President
and
Pink,
in
former
President
Interest
Works Manager/ has been appointed Vice
charge of operations and Julius A. Clauss, Chief Engineer
War
Production
Board official,
has been named Vice
Emmett
.
in
Net
income—
oper.
Net
ry.
income—
oper.
Authorized—
Bonds
11,538,821
326,377
1,531,111
1,465,840
applic.
of
'4.923.997
4,984,895
10,762,469
funded
Other
Funded
debt
debt
subsidiaries
of
conditional:
Equipment
debt-
funded
Other
sale
All
consolidated:
contracts
1
prior thereto.—V.
160, p.
& Western RR
with related portion of surplus)
14,132,942
r
1943
1942
$199,583
53,885
53,691
from
Net
ry.
51.949
railway——
ry.
—V.
operations
the
of
Canadian
with
contract
combined
July
20,448
1.310,698
466,926
417,998
purchase the respective amounts of debentures and preferred
126,286
721,369
456,648
461,751
income—
224,943
201,799
forth
33,4%
collateral
opposite their names:
'
:
' V
v
will
Payment
made
be
H.
company.—V.
Shields
:
Alex.
1401.
p.
<fe
Coffin
sinking fund debentures and 50,000
cumulative preferred stock ($100 par) of
was made Oct. 3 by a nation-wide syndi¬
Kidder, Peabody & Co. and Giore, Forjoint managers.;
The debentures were"
to yield 2.90%, and the stock at 103% a
$10,000,000 3%
shares of Axk%
the corporation
cate headed
by
&
as
gan
Co.,
priced at IOIV4
share to yield 4.11%.
Both issues have been oversub-;
scribed.
•
,>
R.
Oct.
due
are
whole,
*S/''S
'.-.V*
in
1.
part,
t
.sinking fund debentures are dated Oct.
Redeemable
1959.
option
at
of
1944,
1,
company
as
days*
30
upon
each
may
with
case
accrued
interest
to
date
of
Company'
redemption.
also make certain additional optional sinking fund payments.
F.
S.
S.
G.
and
with
case
redeemable
for
dividends
accrued
sinking
fund
at
to
the
$103.50
date
per
of
share
dividends.
accrued
As
each
.Also
1,000
750
250,C0C
—
~2~56O
fund for the 4 % %
cumulative preferred stock the'
is obligated out of funds available therefor to retire, on or
before Dec. 1 in each calendar year beginning with the year'1945,-2%%
&
■■
t demand
Corp.
$39,237,484.85
and
(less
property
S. Treasury
—
3,842,60827,529,836
18,153,298
5,569,701,
,J—
2,134,234
—
1,680,034
——_—-
—
;
—
charges-
39,457,007
8,502,672
24,875,799,
———————
funds
deferred
;
——
$4,688,239)—
of
$14,684,590
tax
————
advances-———
funds
the
of
fund
number
maximum
issued.
Company
may
also
shares
make
which
shall
certain
theretofore
have
additional optional
been
sinking*
payments.
173.757
—
securities,
new
received
be
by
the
accrued
excluding
company
interest
the'sale of
from
and
dividends,
$14,832,000 after deducting underwriting commissions and"
other expenses.
The proceeds will be applied, to the extent necessary,'
to the redemption of the 320,807 shares of the company's 5 V2%
nrefstock
dividends.
$3,528,877,
The
of
the
It
of
is
Nov.
the
amount
exclusive
balance
purposes.
about
none
stock,
common
or
on
If
the
of
5%%'
accrued
at
1944.
$11
preference
necessary
proceeds
considered
3,
to
share
a
stock
redeem
is
this
and
accrued
converted
issue
into
will
be
be
desirable
available for general
that
the
,
company
corporate!
provide
itself
acquisition
of additional
properties,
for
increasing the company's investments in present or future subsidiaries,
retiring preferred stocks of the company's subsidiaries, for aug¬
for
making
payable
working capital of
payments
on
the
the company
purchase
of
new
;
■
Federal
Other
Other
—
payable
income and
and
its subsidiaries,
equipment,
for
excess
and
other
injuries
for
post-war
and
stock
lated
of
preference
subs,
of
—
—
1
damages.
held
expense
public
convertible
together
(par'$10)—;
;
of
consol.
:
—
wiih
43,092,005
interest rates varying from
Total
!
Principal and
1945-1954.
due serially April 1,
Not to exceed $5,000 principal amount of
bonds
secured by'a direct first closed mortgage on
plant and equipment, excepting automobiles andtrucks, all in Cedar Rapids, Iowa.
The property, at Spencer, la.,' will
not be covered by the mortgage.
The property to be covered by the_
mortgage was appraised by Lloyd-Thomas Co. aS of June 27, 1943, at a_
sound appraised value of $568,791.
(
main
company's
was
Business—Company was incorporated in Iowa
outgrowth of a business started by R. P. Andreas
and
the
in 1937
at Lis-*
In 1927 the manufacture and sale of commercial,
feeds was started and in 1934 the "Honeymead" brand was introduced.
In
1936 the principal manufacturing activities were moved to Cedar!'
Rapids, Iowa.
Company operates two solvent-extraction plants.
The:
main plant at Cedar Rapids (subject to the lien, of the mortgage), is.
capable of processing various types of oil-bearing seeds.
The principal,
operation has been the processing of soy beans at* the current rate of(
over
100 tons a day.
During the fiscal year 1943, the company pro-,
duced 12,600,000 pounds of soy bean oil.
The soy bean flakes.from,
1921.
in
•
vyhich the oil has been extracted is processed into soy bean meal which'
is high in protein content.,
This meal is usually diverted to the manu-;
of
"Honeymead" feeds.
Company, recently entered the soy'
flour business-, and in this operation process and mill, the extracted
flakes into flour for elible and industrial uses.
The solvent-extraction
plant at Spencer, Iowa (not subject to the lien of the mortgage), has*
been just placed in operation.
The beans used as raw material for the.
solvent-extraction plants are ordinarily purchased from various sources
stored
the
in
from
the
company's elevators.
Commodity
CCC.
-
'
-
.
Credit Corp.;
'
:'
" \ '■ *'
for
Currently all beans are pur-"
and processed under contract
\
•
used for additional working capital and;
general corporate purposes.
surplus
Financial
—_
Times
Times
Max. Ann.
Net
2,449,231
3,383,164
bef. Inc
Years End.
Sales
Sept. 30—
■
"1944__
1943
18,849,405,
3,226,050
—
Statement
3,843,980
1941
18,310,102
1940
34,899,755
1939
1942
$2,327,301
5,479,345
4,697,356*
3,129,155
,
Net
Max. Ann,-
Int. On
aft. Inc.
Int. On
This Iss.
This Iss.
Taxes
$156,534
13.6
$52,638
4.5
448,809
39.1
133,809
11.6
271,033
23.6
127,945
11.1
232,516
20.2
Taxes
-
153,574
13.3
2,175,166
L—;—
95,950
8.3
76,138
6.6
1,937,638
123,686
10.7
101,835
for
acquiring,
•
.■,,■•%*:;■:
1944;
Purpose—Proceeds shall be
1
re¬
—
earned
-V,'-
expressed
chased
72,932
391,453
by
'
Co.—Bonds
carry
189,846
-
surplus.
stock,
stock
portion
;
—
portion
Common
obligations——
extraordinary
reserves
■
914,473
—
for
1,
430,629
—
long-term
credits
''
i Security—Bonds will be
and
$14,242,587
2,307,922
j
Reserve
Capital
—-
;
payable
Equipment
Corp.'s
„
——
-
accruals
Deferred
%%
——
profits taxes accrued-
accrued
.."•■'
share.—V, 159,
a
April 1,
with
taxes
Advances
Other
-
—
minority interests—
to
taxes:
Accrued
Reserve
dividends.
will
.with funds to meet present and post-war requirements cf the business,,-.
I Proceeds may be used for the
menting the
Liabilities-
Accounts
are
estimated at
erence
*
——$ 146,603,534-.
..
Dividends
Purpose—Proceeds to
the
of
•
facture
company
totai
accrued
payable at office of Merchants National Bank, Cedar Rapids,.*.
Iowa, trustee.
Redeemable, other than by the operation of the sinking
fund, on 30 days' notice* at a' premium of^ V* of 1%
for each year
or
fraction thereof between date fixed for redemption and expressed
bon.'Iowa
;
U.
of $386,631)———
—
reserve
April
History
—i
reserve
and
(A-O)
and
Subsidiaries)
Principal
receivable.:
notes
and
500
——
supplies (less
property (net)
special
T500
i—J-
———————
and
Investments
"
150,000
Sheet, June 80, 1944
whereof
investments,
share
\\;
and interest. 'Bonds
the
/
deposits)
cash
.
500
200%00
—
ana
per
.
1,500
1.000
—
Co.—-——-
Assets—
Temporary
.'
Balance
$U5
1954, may be redeemed on April 1 of each year prior ten
maturity-at 100 and interest, in accordance with the
sinking fund provisions.
Coupon bonds in denomination of $1,000 in.
all maturities and $500 denomination in the April 1, 1954, maturity.
500
—
'
exceed
Offered—Quail &
offered (only to persons,
corporations resident within the State of Iowa)
$300,000 first mortgage serial sinking fund bonds at 100
due
200~OCO
Co
•
to
aside-$100,000 for the sinking fund to pur¬
Products
Iloneymead
their
Inc.___—
Co,
&
of* the City of New York, transfer agent,
Y., will until the close of business on
J
set
maturity of the bonds.
100,000
(Greyhound
Other
not
prices
have
""""500
100,000
—
&
1,000,:
—:
Consolidated
Intangible
at
directors
"Tooo
200,000
Inc
Witter
Tanglible
N.
York,
New
preferred stock at prices not to exceed $115
p. 2635.
J
int.
200,000
Co
Co
(
receive bids for the sale to it as of Nov. 1, 1944, of a
number of shares of preferred stock to absorb the amount
$100,024
Dated
"T566
—
Co
Co.,
Material
Bank
National
St..
21/2% to 4%.
100,000
Walker
Other
"T600'
—
Lynch—————————
Prepayments
sinking
a
Meeds..—;
Corp
&
The bank is acting
';. r-.*■
■
and
150,000
200,000
&
&
.
Co., Davenport, Iowa, recently
1,000
£00™ 000
Depreciation
1954;, in
2,
1,000
ioo"6o6
Co.u—
Oct.
on
'■
1,000
'_
&
Woodard-EIwood
Cash
of
1,500
200,Q00
Inc.—
Smith .& LombardO;
with
1944,
sufficient
750.;
& Co._————i..-——
Marks & Co
$3,710,000
of
1,000
Co._^
Smithers
notes
on
chase
Inc.,^--———
Co., Inc
Whiting,. Weeks & Stubbs^-u—-u—i—L—
Dean
TV
dividends
200,000:
&
&
1080.
Chase
16,
The
100,000
——-J:—
Moseley &
H,
AVeil
p.
Broad
11
1,500
Tully
Accounts
redemption.
:
Maynard H. Murch & Co.——
Rauscher, Pierce & Co., Inc
;
F.
160,
Oct.
1,000
^•
M.
redeemable at the option of'
30 days' notice, at following redemption prices: to
and including Oct. 1, 1946, at $108; the redemption price decreasing
50 cents, on Oct. 2, 1946. and on each Oct. 2 thereafter, to and includ¬
ing Oct, 2, 1953, and at $103.50 per share if redeemed on and after'
company,
■—;
&
loan
agent for dhe Government.in the .issuance,of a 10-year mortgage,—
The
2.000
150,000
Co.,
Evans
recent
Holly Sugar Corp.—Tenders Sought—
250,000
,
Leonard
Stubbs,
the
said
also
Moore
Mr.
California National Bank was part of the company's extended
negotiations with the Maritime Commission, the Navy and the Defense
Plant
Corporation for the purchase of buildings, tools and
other
Anglo
"2,000
&
Co
notes.
Preferred Stock—Preferred stock will be
the
business," together with contracts already on hand, if continued with¬
cutbacks might be expected to keep the Sunnyvale, Calif.; plant
at present employment levels during 1945.
The company,
now employs approximately 5,000,
.*
2,500
250.000
Co.^.-—
Miller & Co:„—
& Co.—
&
Co.—J-—.-——
Reynolds
President, has announced the receipt by this
award of a new $30,000,000' Navy contract by the
for undisclosed materiel.
He said the additional*
Moore,
•
the
Ordnance
'
150,000
—
Sons
Higginson
Moore,
E.
of
of
operations
200,000
&
&
Mitchum,
V'V.V::;'
450,000
&
Harrison
&
One Wall St., N. Y, City, is accepting tenders.— '
\
12.95.
p.
out
450,000
,Merrill Lynch, Pierce. Fenner & Beane——
a
.
in
Lee
160,
V,
250,000
Bissell
Laird,
machinery for rubber and sugar production at Ansonia
plant at Buffalo. N. Y.
The offer is good until Oct. 13.
gear
Charles
450,000
—
Hutton
Kalman
Lester
• ■*'■
notice, at following percentages of
the principal amount: to and including Oct. 1, 1945, at 104>/4% ; there-'
after, to and including Oct. 1, 1946, at 103% %; thereafter, to and
including Oct. 1, 1947, at 103%#
thereafter, to and including Oct. 1,
1948. at 102%% ; thereafter, to and including Oct. 1, 1949, at 102%,
and thereafter at reduced redemption prices to maturity; in each case •
with
accrued
interest to date
of
redemption.
Also redeemable for
sinking fund'as shown below.
^
Sinking fund will provide for the retirement of debentures annually
011 the first day of October beginning in
1948 in the following nrin-'
cipal amounts; in years 1948 through 1950, inclusive, $400,000 annu-'1
ally; in years 1951 through 1954. inclusive, $450,000 annually, and
in years 1955
through 1958. inclusive, $500,000 annually.
Company*
may deliver debentures for the. sinking fund or may, at its option,
call debentures for redemption annually on Oct. 1 at following Sinking
fund redemption prices: Oct. 1, 1948 and .1949, at 101%; Oct. l, 1950,'
at 10074%, and thereafter at reduced sinking fund redemption prices;
or
E.
W.
a
company
300,000
Nolan & Co.,
I-Iayden,
has made an offer to stockholders of Farrel-Birming-
facilities owned by the Government at Sunnyvale.'%
i'
Hallgarten
H.
trustee,
200,000
A.
Clement
Laurence
Debentures^—The 3(v;
and
t'■
■
1936.
V- %v.-
Bureau
10,000.
Corp.—
.
redemption as of Nov. 1, 1944, at 103 and
outstanding first mortgage 5%
sinking fund
Payment will be made at the Marshall &
721 North Water St., Milwaukee, Mis.—V. 160,
of
1,
as
'Co._
Burr, Inc.-——A——2
&
Carter
Ilivers, Wis.- -Calls $383,000
450:000
Co
Dickson
Folger.
45,612
450,000
Blodget, Inc—
Da in &: Co
S.
172,494
(Joshua) Hendy Iron Works—Gets Large Contract—
450,000
_™L,
Weld & Co
Whipple & Co
Brown
J, M.
"195,840
450,000
Clark, Dodge
Greyhound Corp.—Securities Offered—Public offering
of
v.
10,000
V
Corp..:——
Dillon
Eastman,
White,
255,640
t
■■
934.
p.
1185.
and has
450,000
Co., Inc.—
Co.—u."
and
Securities
Bacon.
277,833
The Irving Trust Co.,
Shares
Co
&
Webster
&
Union
Secretary
160,
Ripley.
Securities
Stone
1,128,949
430,021
\
The company
v
1,000,000
Corp.———
&
Heniphill, Noyes &
Lehman Brothers
Mellon
1,511,534
94,816
ham^Co. of Ansonla, Conn., to acquire 160,030 shares of stock at $23'
share.
The
Farrel-Birmingham Co.'s plants manufacture highly...
stock set
$1,000,000
Piper, Jaffray & IIepwood__
of Commerce, announced on Oct. 3 that
the
Finance
Reconstruction
Corporation had sold $8,600,000 Gulf,
Mobile & Ohio collateral trust 4%
bonds, series B, due July 1. 1958,
to the company at 104 and interest, a premium of $344,600.
This sale
was
made in connection with the recent refunding operation of the
Jones,
Boston
Sachs
Goldman,
Harriman
Repurchases $8,600,000 of 4% Bonds—
Jesse
First
The
as
160,
Sept.
specialized
'.
.
-
at
1,687,489
-
a
tV
Debentures
Peabody & Co
Glore, Forgan & Co.—.
Blyth & Co., Inc.——-
bonds, series A, due
of Jan. 1,1945, at;
trust
calledv for redemption
have been
1,926,133
551,446
•
$152,029
Hayes Manufacturing; Corp.—Proposed Acquisition—
Preferred
outstanding
14,442
( ■;'"
income—
Bank,
p.
year
below have agreed
Underwriters—The several underwriters named
1080.
interest.
27,034
•
$383,000
dated
the
23,461
The, Merchants National
Bank of Mobile,
trustee, Mobile, Ala., or at either office of Halsey,
Stuart & Co., Inc., at 35 Wall St., New York, N, Y., or 123 So. La Salle
St., Chicago, 111.
Holders may present and surrender such bonds at.
any time and receive the full redemption price, together with accrued
interest to Jan. 1, 1945.
'*
'•
•
In the
War Department.
United States
the
1,496,162
1953,
1,
and
103
44,560"
"17,385
2,121
railway—
Ilsley
operations
76,733
the
57,517
income—
oper.
interest,
of the Canadian province^,
subsidiary conducts operations over the Alaskan Highway
.'J.:
of
16,426
railway,-
bonds
corresponding period in 1943, and revenues increased 9%..
In
13
pf the bus, operating subsidiaries. the company shares stock
ownership with seven different railroad companies.
Gulf, Mobile & Ohio RR.—Calls 3%% Bonds—
from
1941
1942
$211,749
A".'-36,925
railwgy_'
oper.
1943
$180,396
•There have been called for
'
and its subsidiaries furnish aextending into 44 States of this
Kidder,
All
RR.—Earnings
Hamilton Mfff. Co., Two
company
service
bus
intercity
1,854,661
oper.
66.156
$345,291
of Bonds—
.
7,571
160, p.
66,156
$345,530
1944
$221,175
.
railway—A;
"Deficit.-—V.
Delaware. ;
in
incorporated
was'
railway——
from
Net
;
.
from
Not ry.
;
Motor Transit Corp., to (conduct motcrbus operations
transportation companies, : ;
'
as
1,909,877
from
Net
'
railways.
income—
oper!
5,513
$20,086
,V.'
Business—Company
and
bus
over
From Jan. 1—
Gross
•
of the company and its consolidated sub¬
sidiaries produced
approximately 330,000,000 bus mileS over about5
65,000 miles of route, and consolidated operating revenues were $148,- -'
820,216.
In the first six months of 1944 bus miles increased 7V2%
$168,779
125,458
5,513
$28,984
stock—,.
.
coordinated'
1941
$285,225
v/F
v
country, the District-of Columbia, and seven
Earnings-
$244,779
railway-
from
Gross
Net
—
1944
August—
pfd.
on
from
Net
performing terminal, supply and other auxiliary services, and,
in addition, the company itself-conducts two divisional-bus operations.'.
1943
$411,447 *
Gross
4,716,463
panies
.
$411,686
From Jan. 1—
present the corporation owns directly or indirectly securities of
34 intercity bus operating companies (in 26 of which it owns directly /
or indirectly 50%
or more of the voting stock) and various other com¬
A
$25,599
ry.
1,385,950
hold securities of various bus
under
Green Bay
" •'/:
.
So, 1926,
The
$34,497
Net
1,810,9b5
At
series H bonds will continue to be;
until redemption .date unless paid
1185 and 984.
■ I'1;
; •; ■
into
.
History
The series G and
preferred stock
Y.
N.
169,809 »
—-.-A.—.
from
'
redemption date, upon presentation of the bonds at any time at
First National Bank of the City of New York, Two Wall St., New
convertible
.
and to
The
York,
■'
Sept.
-
146,966
Gross
;J
,
.
outstanding
the
of
$581,256
$558,653
13,422
■
Gulf & Ship Island
Authorized Oulstand'g
Cumul, pfd. stock (par $100) (shares)—150,000
:
4V'4%
series ■ (shares).
.A!—L—A,v :.
50,000
Common stock, no. par (.shares)
1_—.
5,000,000
2,784,403-
* •
; ''
.•'•
'■
Eastern Ry. Co. of Minnesota, Northern
Division first mortgage 4% bonds, due April 1, 1948, have been called
foV redemption on April 1, next, at 105 and interest.
Holders have been offered the right to receive immediate payment
of
the
full redemption price,
together with accrued interest to the-
interest;
'and
rtL
241,000
$39,021
Net
subsidiaries——
of
stock (together
Common
'
1,066.993
9,388
.August—
647,125.'
stocks
Prefererd
J'.'-.-'
1,072,669
>
Capital stock of subsidiaries not owned by the company:
:
75,303
—VJ.160.- p. .1185,
u—$10,000,000
due
Capital Stock
has called for
73,368
t
$3,454,865
$43,885
Divs,
8,427,971
,
Debt
Oct. 1, 1959_
of company—'—
debentures,
f.
s.
Bond Issues—
company
1,565,610-
26,750
2,277,301
299,000
to
corp.
Long-Term
3%
$4,207,623
174,011
&. other deductions
Net income
326.210
3,458,834 % 2,784,6*40
150,013
Capitalization Outstanding Giving Effect to Present Financing
redemption on Jan. 1, 1945, all of its
outstanding (at first and refunding mortgage 41A?e gold bonds, due'
July I, 1961, at 105 and interest; (b) general mortgage 4% convertible
bonds, series G and series H, due July 1, 1946, at 101 and interest; ■
and (c) collateral trust 4% bonds, due serially to Jan. l, 1952, at 104
The
takes.
income
•'Gross
'
Calls Four
for
,
$315,086
201,812
24,000
amortization
&
1944—12 Mos.—1943
$343,065
Balance
inc.
stock
*
^
.
163.982 :*•"
stocks—__
Common
Sept. 20 authorized the company
on
1944—Month—1943
--
expenses
Provision
Int.
stocks.:—
Preferred
to issue not exceeding
$100,000,000 of general mortgage gold bonds, consisting of $35,000,000
of 3Va%
series K, $30,000,000 of 3%% series L, and $35,000,000 of
3%%
series M, to be sold at 100.88, 100.18, and 100.81, respectively,*
and accrued interest,
and the proceeds, with other funds, used to
redeem
appruximatcly $119,887,700 of outstanding bonds.ICC
The
14,547,680
Deprec.
1,217,750'
'
Earnings—
31—
revenue
Operating
by public:
77, 789,843
29, 682,440
18, 710,769
98,519,200
38.764,853
20,169,714
135,234,823 124,933.446
47,104.956
48,436,883
18,917,360
19,029,411
railway..
6,605,121
Period End. Aug.
held
subs,
fret
railway.,—
from
from
1,225,981
1944.—V. 1*60, p. 1401.
Gulf Power Co.-
,
Gross
stock
From Jan, 1—
Gross
Net
564,900
6,614,718
consol.
$16,404,827 $13, 768,122
8,283,451
8,232,819
6, 785,933 '
3,031,548
3,824,739
3 915,139
7,273,926
3,350,293
railway—
from
Net ry.
1942
1943
1944
939,600
income
of
1941
$19,159,689 $18,685,538
railway—.
from
41,090,532
Oct. 24,
on
ness
ex¬
Net inc. applic. to
Ry.—Earnings-
August—
Gross
19,045,037
traordinary expense—
.Net
Great Northern
post-war
for
Prov.
276,483
19,647,108
taxes.'
right to convert the preference shares into full shares of
stock, at the rate of one-half share of common stock for each;
share of 5l/2%
preference stock shall terminate at the close of busi¬
51,892.304
8,579,062
400,818
30,155,853
65,617,758
8,477,082
135,357
:■
The
149,
137, p.
of engineering.—V.
charge
—- ——
for income
Frov,
General
3,876,578
*51,085
amortization
&
Deprec.
Vice-Presidents—
Great Lakes Steel Corp.—New
accrued
for
common
1942
1943
called
been
plus
date.*
for Redemption—"
shares of 5%% preference stock, $lo par
redemption on Nov. 3, 1944
at $11 per
dividend of $0.04886 per share to the redemption
outstanding
have
share
68,442,911 148,820,216 121,978,858
74,746,021
.
the
of
value,
Calendar Years
1943
1944
Operating revenues __
Net inc. bpfore deprec
All
Earnings
of
Ended June 30
6 Months
Period-
grant a permanent in¬
the defendant to dis-.
price regulation No. 330.
The Court refused to
junction pending trial and denied a motion by
miss the complaint.—V. 160, p. 1400.
and
company
Summary
from delivering or selling women's, girls' and children's outer
garments at prices in excess of those established by makimum'
pany
Calls 5Vz% Preference Stock
expanding terminals, garages and other facilities of
its subsidiaries, and for purchasing stock of the
company's subsidiaries held by others.
and
improving
Grant Co.—-Injunction Lifted—
(W. T.)
Monday, October 9, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1526
—
$146,603,534
"Period
Sept. 30,
1943, to March 10, 1944.—V. 159,
p.
216.
•
.Volume 160
Number 4323
succeed
elected
1295;
p.
.
,
443,946
1,814,002
income/.,
railway——
ry.. oper.
Earnings
Net
15,376,214
JO Months
stock—
Electric Co.—Chilean Contracts
electrification, is now, taking place in
^Appropriation
production
Chile
as
.
-Shipped to the country,
Other
equipment.
td
about
possible for the
one-fourth the
Prepaid
•
Chile.
part .of
///;.
the country's
been in
hydroelectric
130,000., leva,
Total.
.
Distribution —
Dillon, Read & Co., and Smith,
Co.
Paper
The First Boston Corp,,
preferred stock.———,
—,
preferred stock
stock ,<$1 par).——iA-—— 2.
Ry.
•Net
Dealer's
oper, revenues——
from ry. oper.,
73,226 :•=
—————„:
income
2,328,433
1,344,931
1,427,308
railwayx.„_ Z-
.•Gross •from
Intertype
.the
/
employes
160,
1186.
p.
a
Clifford
M.
the Jacobs
company.—V.
:
;
•
Net ry.
(Mich.)—New Vice-President—
Vice-President. He was
'
its Army-Navy "E" at
plant.—-V. 160, p., 1296.
: / i.M,
160,
1296/
p.
John N. Staples/President, on
Sept. 29 announced that
136,
1027.
p.
. ,
Net
from
Net
City Terminal Ry
Kansas
.
rv.
the
of
these
bonds
may
will be made at once.
1944.
company
or
York, N. Y.—V.
Gross
Net ry.
160, p.
holders
of
the
record
total
regular
.trust
New
1296.
Sept.
30,
Asset's
.
For
net
the
1944.
asset
9
value
year
outstanding,
share
special
Series
include
share,
is
50% in
gain in
annual report of the
an increase of more than
together with a substantial
shown
by
the
■//"
'..,/■
1,232,319
■.
.
985:
p.
England RR.—Earningsr
V
1941
$633,554
300.260
126,217
—
116,580
180,266
117,633
4.122,841
1,519,608
914,978
4,107.279
1,606,893
3,455,182
1,499,211
983,306
,
Corp.,;
4,275,3.74
1,478,417
railway—/—l
897,717
,
'
; split..
time
per
oh
^
share on ' common
287,064 new
Z—:
common
stock
•
984,224
,
resulting from war.
.
.
.
dividends from Liberty's hold/ings of, 200.000 shares of common stock of Autocar ,Co., which last year
were paid in cash, but ivhich this year will be paid in the form of 5%
Oct.
received
-V.
160,
2
not reflect any
stock.
Of this preferred stockv($20 par), Liberty
shares of a total par value of $400,000.—
20,000
p.-T404.
Lidgerwood Mfg. Co.,
This
company,
Elizabeth, N. J.
manufacturers
of
—
Award—
electro-hydraulic steering gears,'
hoisting
Commission
"M" Pennant ahd Victory Fleet Flag for excellence in production. The
presentation was tnade on Sept. 28 at the Elizabeth, n. J,, plant.
The. company is now privileged to fly both the Maritime Commission
award and the Army-Navy '"E."
Recently, it was awarded its fourth
star, for a period of one year, for the Army-Navy "E" flag.—V. 160,
winches and many other types of special purpose
-machinery, has been awarded the United States Maritime
1081.
-V.
160, p.
1187.
Mfg. Co.—Name Changed—
change of, its name to McCord
Sept, 29, 1944.—V. 160, p. 1187,
effective
In
ber
Corp—September Sales Up
30—
.
——————
1944—Month—1943'
$5,827,296 $5,188,112
12.32
1944—9 Mos.—1943
$47,685-,501 $45,703,952
the same num¬
September,1944, the company operated 202 stores,
as in the corresponding month
in'1943.—V. 160,
p. 1297.
Manufacturing Co.—New President—
formerly Manager of the Aircraft War Production Coun¬
cil, West Coast, has been elected President, succeeding John E. Royal,
'Who resigned because \of ill health,.
•
,
Backlogs of orders on the company's books were said to amount to
John- C. Lee,
$15,000,000:—V.
158, p. 2582. /
,
•/;
*
Distributing Warehouse—
by the Mengei Co. and
plywood distributing
the chain which, according
Vice-President and General Manager, will be ex¬
Mengei Co.—Another
S.-Mengei Plywoods, Inc., jointly owned
States Plywood Corp., has opened a new
warehouse at New Orleans, La., fourth in
U.
United
to'
L.~ B.
Olinsted,
tended to other
Since
cities. *
the first of
ville/ Ky.,
units have been opened at
Atlanta, Ga.—V. 160, p. 1188.
the year, other
Jacksonville, Fla., and
Merchants Terminal
Co.,
Louis¬
feoston—Bonds Called-—
;
sinking fund 5% bonds
of, Nov. 1, 1944,
Old Colony Trust
2417.
outstanding first mortgage 10-year
1945/ have been called for redemption as
at 101 and interest.
Payment will be made at the
Co., trustee, 45 Milk St.-, Boston, Mass.—V. 119, p.
All of the
due
Nov.
1,
Mexican Light &
£ower Co., Ltd. '(& Subs.)—Earns.
(Expressed in
electric boat
p.
below-
recently announced a
Period End. Sep.
"
—
tAfter provision for taxes and possible losses
conditions.
(Exclusive of Autocar dividends. ,
convertible preferred
v ■.
.
Menasco
1944
1943
$16,606,781 $14,852,135
418,707
$329,494
, "
$1.45
$1.15
following recent two-for-one
.■.
—
profit, after-taxes—
1
Radiator & Mfg. Co.
company
.Sales-—
■
•/•
Name—,
160,
■
Crf
283,079
•
3—■
railway—
of America.—V.
/'
'■
.
..
McCord Radiator &
The
$562,496
221,833
$582,567
railway—
p.
1942
.1943
$579,267
242,285
1944
-
income
985.
; ".
1404.
See McCord
; -
railway
Company, which
outstanding bonds out of
little more ;than two years.
a
to liquidating status. Will retire
and $2,000,000 credit with Bank
McCrcry Stores
——————
^Earnings
•
consecutive
per
1,120,354
283,846
186,792.
31Months Ended Aug. 31—
tNet
<
.
shares
851.282
208,838
..
800,458
income—_
oper.
160.
Sales.
shares, 75 cents a
Gain—
of
.
Railway—Passes to City—
McCord Corp.—New
1;415,594
569,278
229,587
2,228,667
Liberty Aircraft Products Corp.- -Earnings—
t
the Series "E!2"
on
of profits.-
second
number
2.332.207
y
Note—rAbove figures, do
semi-annual
any distribution
the
•—V.
as
distribution
2.089,565
;
railway—
oper.'income—
^Based
distribution and $2.50 a share is a
distribution
out
of
realized profits.
The distribution on the
"S3" shares is the regular semi-annual payment and doe$ not
a
funds
28,176.
from
rv.
,
'
Of
Gross
.
from
trustee, announces semi-annual distributions
totaling $3.25 a share on the Keystone. Medium Grade Bond Fund Series
"B2" and 35 cents a share on the Keystone Speculative Common Stock
Fund "S3."
The distributions are both payable Oct. 14, 1944, to share¬
corporation,,
24,042
From Jan.
,
,
,
14,113
from
from
Net
Net
be
income
16,730
August—
?.
keystone Custodian Funds, Inc.—Dividends—
This
is
160.
Net
presented either to the above-rnentioned
to J." P. Morgan & Co. Incorporated, 23 Wall St.,
must
bonds
All
$1,180,590
$52,250
.
'/,'"////./'
986.
p.
passes
1
present their bonds at any time on or
before the .date set for redemption and will receive therefor the.full
redemption price, plus accrud interest to Jan. 1, 1945,
Bonds pre¬
sented priqr to Nov. 22, 1944. will be held in trust until that date,
when payment of the redemption price will be, made promptly, the
company announced.
Payment of bonds presented on or after Nov, 22,
of
154,079
Lehigh & New
have been called for redemption as of Jan. t; 1945, at 105
interest,; Payment will be made at the Continental Illinois
•Bank & Trust Co., corporate trustee, 231 So, La Salle St., Chicago,'111.
Holders
$316,714
57.632
oper.
Jan. 1,
mortgage 4%' gold' bonds' due
first
outstanding
"
$244,484
railway
from
Net
"and
National
All
1960,
$469,037
$282,143
157,375
revenues* in
of
out
.
62,012
from
Net
•
:
—Bonds Called—
$127,809
$209,625
income
160,
'now
1941
$199,62-3
86,495
$236,595
oper.-
ry,
Gross
1943
1944
■■■.■/'
1942
railway____
From Jan. 3—
•
y
the corpora-
./
$1,637,036
1,167,999
$2,412,909
154,334
78,968
>
;
The operating; properties of the company passed to the City of San
Francisco Sept.
29 at 5 a. m. under the city's purchase contract.
■The city put $2,000,000 cash in escrow Sept. 28. will pay 4%
on the
'remaining $5,500,000 of the purchase price expected to be retired
Ry—Earnings
railway^._i//_
from
Gross
outstanding
be
N,' Y.—V,
486,982
$203,175
31,453
income
citv
Lehigh & Hudson River
jtlon has called for redemption as of Nov. 1; next, all of its
20-year 5'/ mortgage bonds at- 100 and interest.
Payment will
made at the Chemical Batik &. Trust Co,, trustee, 165" Broadway, New
.York,
$1,925,927
377,435
$178,172
——:
Market Street
p.
/ )/
,
Corp.—To Redeem Bonds—
Jones Estate
773,940
534,818
—v.
222,000.—V. 160, p. 1296.
the BridgcpoxT,
' ;
V.
,
559,460
$1,259,601
23,103
1,536,278
517,383
1,892.719
Cr3,093
166,543
C/-7.985
Deductions
2,431,195
1,283,639
2,028,197
Rrl02,771
] 75,374
214,362
13,484
21,275
Dr
•
August—.
1929.—V.
2,353,357
998,345
,
278,425
!
income-
oper,
income
Gross
1944—-8 Mos.—-1943 ♦
$1,600,055 $13,268,708 $12,452,880
1,167,400
9,702,765
8,470,784
1944—Month—1943
Equipment rents —
•Jt. fac-il. rents (Dr)
Co.—Considers Refunding—
Although ho definite plans have as yet been decided upon, it is
stated that the management is considering refunding, company's funded
debt which is outstanding in. the principal amount of roundly $17,-
Johnson—New Vice-President—
The ejection of Paige D. h'Hommedieu as Vice-President in'charge
of general, line sales, was announced on Sept. 25 by Arthur B. Hill,
Vice President and General Sales Manager,
Mr, L'Hommedieu has
iheld various managerial positions in the company since he joined
ill
gains in metalcompany's aggressive
Luscombe post-war prod-
$1,741,761
1,250,405
—.
;
■Taxes
Lehigh Ccal & Navigation
Johnson &
it
revenues
Operating expenses
Operating
$441,745
307,215
^l.SOS
2,060,357
to wait'for
development of new models.
RR.—Earnings-^
Maine Central
Period End. Aug. 31—
v
Other
2,095.118
1.017,944
.
Oper/ income/™' L
/^Deficit.—V. 160, p. S85.
Casting Co.,
This company,
been awarded a fourth, star to
,
,1^38,551
Net
^2
'Ndt ry.
J.—Awarded Army-Navy "E"—
manufacturers- of valves "and rubber products, has
Conn.;
3,249,100
79,550
154,664
railway—/^.
railway
from
Net
inevitably attend the
the war Luscombe has made important
handling technique.
These advances and the
engineering policy will be. reflected in the
ucts."—V. 160, p. 1404. V'-'V
"/-202,278
87.254
195,266
income.//,
oper.
from
Gross
phrchased in December,' 1943,
company, and haa remained as chief executive of that
159, p. 110.
)j i •,'.
;■
,./ ■ ,
- . . .
;
/
272,072
accustomed, without having
to which they are
type
a
pre-war
"During
Net ry.
$343,203
195,511
32,662
$502,760
336,804
$429,545 /,
.
;
Luscombe will bring out
of the Luscombe
The
the, delays that
1941
From Jan. J-rr
:/-'
Jenkins Bros., N.
y
railway.,
Net from
adopted
1081).■—
.-v-./
of
317,000
has beeh elected a
Sorensen
'President of Continental Die
by
■■/■;//'
/y.V.//';-yy.;
.
(F. L.) Jacobs CO.
,
.
Approved—
special meeting, held on Sept. 25
contributory retirement plan. (See V. 160, p.
at
stockholders
The
'V.
Corp.—Retirement Plan
V, -
35,616
1,150,000
1942
1943
'
model was widely used in personal flying
before Pearl Harbor/and since then has been Used in great numbers
in the Civil Air Patrol and other war-.effort activities.
"Though this plan is subject to change, the company's Present
feeling is that by making an improved Silvaire available as soon as
conditions permic,. personal aircraft owners and discharged military
airmen would be able to resume flying in a thoroughly proven aircraft
RR.—Earnings
'1944
"
:.
August—
1402,
160,. p.
■;/ 84,656
—I.—I——1,02.7,811
Superior & Ishpeming
Lake
elements for several
Silvaire.
'
" 1,364,180
of
out large and small all-metal precision
of American combat aircraft.
"At the present time it is expected that
as its first
post-war civil aircraft a refined model
•
2,398,715
1,918,496
102,106
,
^_2_r_—--_---2_———.. $8,148,463 $8,392,164
"Life
insurance policies with cash surrender value of $316,485 at
June 30, 1944, are pledged as collateral to the 3 V2%, serial debentures.
•Surplus restricted as to the payment of dividends under terms of trust
indenture amounts to $684,192.
tLess $332,000 in 1944, U. S. Govern.inent tax notes.
tRevised.—V. 160. p. 730.
$5,025,556
165,385
116,288
chgs.
/ 71,900
" 202,431
:
■
on Oct. 4
formulation at
corporation
state
a
turning
Total
,1944—8 Mos.—1943
$5,306,660
•
40,000
—2—
surplus.
surplus
"Earned
.
Central America—Earnings
1944—Month—1943
$528,904
$540,396
209,924
136,244 *
rev.
Inc, avail, for fxd.
Net
Capital
distribution of 137,514
19V4 per share on
discount, 45 cents.—V. 160, p. 729. //
Period End, Aug. 31—
V
Common
Post-War Plans—
announced that its post-war plans are
the present. time, as is the case with
practically all aircraft manufacturers.
'
The announcement further went on to say, in part:
"While post-war plans are under consideration as conditions per¬
mit, the comnany continues td be wholly devoted to war production.
336,725
■■/■■•
3,259,150
prior
$8
stock (par $15) at
International Railways of
;>■
Secondary
effected a secondary
Barney & Co.
shares of common
Sept. 28.
—
Electric
Announces
The
in
/'/
$400,000
875,971
580,119
317,000
—_
—
Corp.—New Secretary—
Riegel, of Riegelsville, Fa., former. General
as¬
sistant district auditor in New York City, and President and Execu¬
tive Manager of the New York Credit Men's Association,
elected Secretary and Assistant Treasurer of. Luscombe Airplane Corp.
$8,392,164
$8,148,463
(hanks)—-—/——'/AAA/—A11' $150,000
contingencies—.———..
subsidiaries.—V. 160,
L,
types
>31/2%. serial debs, maturing Jan. l; 1945———40,000
for Federal taxes on income—
481,383
Managers' security deposits and employees' war
. 2
bond payments (contra)—
35,020
>3Mz% serial debs, maturing 1945-52—1,006,000
for
high
Carnegie-Illinois and heretofore
States Steel Corp.
United
Luscombe Airplane
3
payable (trade).—;
—940,633
miscellaneous liabilities—2——'
- , 532,479
Reserve
steel developed by
by
solely
Clarence
35,616
-tProvision
;
subsidiary of United States
a
has been
produced
1187.
1,336,283
and
Accrued
$5
International
16.413,101
p.
293,502
•
■•'A//
Notes payable,,
kva. It has
1973.
——«....
—
Liabilities—
for which I. G. E. supplied
Pilmaiquen River in southern
lias an ultimate capacity , of 68,000
operation since August of this year.—V, 159, p.
26,096,341
Corp, on Sept. 19 announced that Lukens Steel Co.,
td
manufacture
"Cor-Ten,"
a
corrosion-resisting,
strength, low alloy
432,804
316,485
life insurance^—-—2-
Corp.,
Steel
licensed
5,040,695
182,695
35,020
1,247,528
trade-marks & goodwill— . .'
3
dies,
Lasts, patterns,
in the southeastern
this system
Chile,
-ever
,
-;; ■
electrification program
•:
the Pilmaiquen hydroelectric plant,
the initial equipment.
Situated on the
is
2,689,162
75,827,823
"Cor-ten7'—
Co.—To Manufacture
Carnegie-Illinois
Steel
,
$1,070,566
168,542
;
expenses
Managers', security deposits and employees' war
bond payments (contra)—
—
—- —— "
Fixed assets, less depreciation & amortization-.
Accounts
will be located on Laja River,
generating power for
Already,
'
surrender value
•Cash
hydroelectric
the steel mill is more than
of
output
Projected
country.
this
In
-100,COO tons 'a year..
The Abanico plant
160, p.
Lukens Steel
1943
tl944
,//""■
'
switch gears and
power at an ultimate capacity of
present capacity of the Bonneville
produce
plant
.
transformers,
as
make it
will
generators
huge
The
well
as
4,085,043
has been
Consolidated Balance Sheet, June 30
'—0;.————-I*——; ' $831,139
Accounts, receivable, less reserve—;
570,273
Merchandise, lz—A
—————„4,979,473
textile
plant-^
To
income,.
1404.
oper.
The
A//-.-$237,883
$356,427
replacements of. lasts, patterns and
Cash
addition to the power plants.
first such plant to be located in
west coast of South America,
supply power for the steel mill and for coal mines and
mills, I. G. E. has agreed to send the Abanico hydroelectric
the
newest, in
the development—the largest generator units
•j
—V.
post-War
for
Assets-
planned
be built in
also
it will be the
well as the first on the
ry.
railway-
from
Net
'
1941
$10,447,413
143,074,651 138,260,653 105,427,895
55,597,813
61,447,378 41,407,062
16,638,511
17,636,765 13,381,974
from railway—.
Gross
tRevised.
'dies.
Chilean govern¬
completed
When
1,081,043
6,593,085
1,677,584
7,592,490
2,226,035
7,448,348
2,183,608
income
oper.
ry.
5,279,237
From Jan. 1—
42,000
surplus
Balance,
officials, a
steel mill will
sizeable
Net
$398,427
$237,883
income
"Net
of
industrial expansion there, .and this company has been
supply a great amount of the heeded generating/
transmission and distributing equipment, officials of the company
have disclosed.
•
"•'./•'■ /■>.
.'/'■/' j. '.
'//;;/
already been scheduled for
360,477
1943
1942
$17,674,138 $15,204,268
1944
Net from railway—
•*Appropriated
,
.
1,050,702
Nashville RR.—Earnings—
&
railway— $18,644,710
from
Gross
—
—
is after voluntary price .reductions of $235,000
accordance with the company's policy
:V ; /
2
plants " haVe
p.
Lbuisville
,
160, p.
foy the Corpordcion de Fomento de la Produccion, the
agency in charge of the development,
and more are
for the near future.. According to the report of I. G. E.
18.024,604
——————
$2.76
ment
1941
$2,794,497
•
awarded contracts to
Three. large
160,
2,240,111
income—
986..
August—
(& Subs.)—Earnings—
6 Months Ended June 30—
'
11944
1943
Net -sales
$11,905,535 $12,267,193
Cost, of sales, and operating expenses——..
11,204,195 11,205,150
Interest charges
31,453
32,752
Miscellaneous charges (net)
■ Cr£10
19,620
Depreciation and amortization......—
—
110,814 .111,244
Prov. fof Federal .income. taxes .(estimated)—_
322,000
500,000
1,354,335
————————
30,600,508
7,950,362
railway——
railway——
oper.
1
(G. R.) Kinney Co., Inc.
.Chile to speed
*s
'
that it had acquired control
of
Mich., makers of plumbing
fittings and grey iron castings for automobile and , power tool firms;Preliminary arrangements, it is said, have been made with Watling.
Lerchen & Co. of Detroit for issuing new capital stock of King Seeley
Corp.'to increase working capital.—V. 160, p. 1403.
.
.. 2.
2 ., . ,
$26,468,617-
,
income..—
oper.
from
—V,
Corp.—Acquisition—
contracts in
1402.
military
work.—V.
extensive, program
An.
Gross
corporation on Sept. 29 announced
the Central Specialty Co. of Ypsilanti,
'
1942
$3,658,968
1,442,853
727,739
29,083,428 22,704,375
9,030,545.. 6,504,405
3,419,796
2,033,384
1,846,144
841,966.
railway———
From Jan, 1—
1296.
p.
/
but before reive-
& Federal taxes
International General
/
ry.
year
a
$4,732,910
railway-
from
Gross
Net
Ended Aug. 31, 1.944
j._———
™
share on common
per
on
war
21,795,781
17,597,040
for
profit figure
i The
011
-
2
after charges
profit
gotiation Z
made
from
Net
with $63,000,000
compared
$88,000,000,
'mat'ely
78,138,592
22,470,039
15,015,161
111,893,183
37,585,389
———2——————————
——1——
Earnings
,
1913
$4,580,344
2,151,114
1,141,980.
August—
that the total increase in
Detrola,Corp.—Earnings—
International
Sales
149,208,220. 139,485,774
53,595,653
47,156,991
2
income—
V-V. 160, p. 1402.
|
Net
ago.—V. 160,'
Long Island RR.- -Earn in gs-
share paid out of net
a
report nctes
The
railway-
from
Net -from
Net
ry,
$15,708,450 '$11,033,063
6,769,356
5,454,176
3,304,392
2,537,202
2,010,680
1,711,980
From Jan. 1—
Gross
Net
1941
1942
1943
6,849,685
:
railway,—2.
from
ry, "oper.
i
from
cents
55
■
$19,611,994 $18,506,277
from railway—
Net
Net
'
1944
'.
.August—.
Only—
RR.—Earnings of Company
Illinois Central
Gross
on
$17.29 on the
$15.22 for the
Net
of
•
'
engineer, has been appointed VicePresident in charge of engineering, and Henry Barnhart, manager of
the shovel and crane division,
has been appointed Vice-President in
charge of that division,-*-V. 160, p, 832.
Townsend, chief mechanical
A.. J.
/. Adjusting the net
the
Vice-Presidents—
Lima Locomotive Works, Inc.—New
.
asset values per share for the special distribution
realized profits on Aug. 15. 1944;
net asset value per share
during the year was^approximately, 17#, ....
The current figures compare with total net assets.of Aug. 31, 1942,of $3,367,735, equivalent to $11.53 per share on 292,172 shares then
.Outstanding.
Distributions totaling 75 cents a share have'been made
from,net,realized profits during the two-year period
Combined net asset value of the 10 Keystone Funds ik now Opproxi-
.
Co.—Calls $282,700 of Bonds—
The company has called for redemption a£ of Nov. 1,
1944, at 104
and'interest/$282,700 of outstanding first and refunding mortgage 5%[
bonds/series A, due June 1, 1950.
Payment' will be made at the Old
Colony Trust. Co., 45 Milk St., Boston, Mass.—V. 158, p. 1473.
j
Net asset value per share increased to
outstanding on Aug. 31, 1944, against
shares at the close of August last year;'..'
1943.
shares
31,
Aug.
'676,943
Houston Electric
•
Aug. 31, 1944.
At the close .of the 12-month
.amounted to $11,706,920,
compared with, $6,757,216
assets
net
director.—-V., lC50j
a:
the fiscal
period total
Fund Series "K-l" for
Preferred Stock
Income
ended
year
and General Manager
G. Melcher has . been
D. Little has been elected President
the late Albert L. Marsh.
Austin
.Vice-President, and Arthur B. .Tilton
William
;
to
Keystone
President, Etc.-
Iloskins Mfg. Co.—New
1527
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Period End. June
Gross
earns,
Oper. exp. &
Net
-V.
from oper.
clepree
earnings
160,
p.
30—
—-—
1297.
Canadian
Currency)
1944—Month—1943
$1,006,011
903,773
$102,238
1944—6
MOS.—1943
$989,590
$6,050,842
724.196
5,021,749
$6,059,289
4.203.052
$265,394
$1,029,093
$1,856,237
President, states that the company's post-war
contemplates the expenditure of $120,000,000 oyer a period
years
if general business conditions and supplies of man¬
program
live
Welch.
M.
George
from
accrued
1944
August—
islet
jjj^t
ry.
444,276
146,101
income—
oper.
304,740
$1,066,780
357,916
247,258
10,115,809
8,447,490
2,373,276 ;
1,651,885
6,931,656
1.630,321
.880,400
402,942
9,584,317.
3,098,800
2,376,379
2,759,453
1,179,675
jfefet- Ty. oper. income-
about delivered, Mr. Sprague added.
New
contracts will be let' immediately
ft
covering
flat cars
expenses
.Other
—
taxes
Net
the
Inc.)< intend
ry.
common
Cr27,897
Z?rl4,194
Z)r90,192
income
$246,866
$647,072
$4,319,687
in
55,259
:
6,281
11,015
letter
$253,147
charges
$4,374,946
$658,087
2,583
holders of
5
with
three
to
after
fixed
follows:
50
(in excess of
normal depreciation)
Equip,
.
c.
/Road
tDoes
r
The
and
March
include
not
stock
$45,383
39,009
311,367
accrued
»et being paid currently,—V.
160,
mechanical
NOTE—'For
v"
'f
Net
share
books,
corporate
on
have
There
called
5%
for
fund,
sinking
income
is
reasons-it
redemption
as
/ >y
.<■.
not
of
oper.
and
share
per
176,808
the
of
cumulative
common
has outstanding
%
1942
1943
1944
$561,515
$9,208,376 $17,165,407 $17,013,737 $16,016,140
1,054,241
1,118,400
1,070,152
1,623,020
1,731,314
1,675,162
_w
income
69,269
165,065
/
4,545,685
4,468,119
4,728,210
2,484,123
2,791,780
2,288,803
1,084,803
1,024,596
1,068,632
160.
1,199,881
«
987.
p.
Monsanto Chemical Co.—New
Director—y
:
R. Cole, Vice-President of this company and General Man¬
the phosphate division, has been elected a. director.
He fills
the place on the. board left vacant by the recent death of John C.
Brooks, Vice-President and General Manager of the company's plastics
of
160,
1082.
p.
'
•
:/;
next,
out of
col¬
Montana Power
$500,000 of outstanding first and
bonds dated Jan. 1, 1940, at 100
The
■ /
SEC
Co.—To
Purchase Bonds--
v
X
.
has
approved the company's proposal to expend not more
than $3,345,600 of treasury cash for the acquisition in the open mar¬
ket-during a period of one year of the outstanding $2,788,000 non-
and
Bank of
callable
5%
Electric
first
Power
gold
mortgage
Co,
latter
The
Light Co.—V. 160, p.
bonds,
is
due
June
subsidiary
a
1951,
1,
American
of
chgs.__
$1,760,037
interest
requirement
its total requirements.
having
his
assume
Vice-Chairman
Davis.
War Production
the
of
has been elected Executive Vice-President.
duties
new
1.—V.
about Nov.
or
on
160, p.
Board
The
the
He plans to
directors
share and
•
y,.y
629.
Distributions
Mississippi Central RR,
July
-Earnings1941
1944
1943
1942
railway.—
$187,472
$152,19i3
$154,559
$98,087
61,510
56,760
65,526
19.244
Net ry. oper.
40,089
25,912
45,100
27
declared
of
each
cents
50
this year.
1943 the company
paid
made
were
from
income—
;
1,470,692
1,156,666
982,605
from
Net
ry.
560,988
432,424
346,237
228,877
income™,*
254,229
200,458
232,365
121,566
railway
oper,
-~;V. 160, p.
shares
34
of
•/<
of
stock
common
Mueller Brass Co.-
792,055
railway——
from
Net
cents
50
share
one
held.—V.
of
160,
Period End. Aug. 31—•
;
Net
before
100,000
400,000
Mullaney, Ross & Co.™
250,000
Nashville
200,000
&
Fed.
1082.
inc.
taxes
Period End. Aug.
31—
1944—12 Mos,—1943
1944—Month—1943
$466,691
$5,772,314
&
Net
304,656
271.558
3,259,918
37,500
452,000
444,000
96,057
82,204
1,190,080
1,392,419
$68,910
$75,428
$870,316
23,067
275,298
160,
'
stock
Balance
•—V.
656,547
768,000
1,918,000
2,288,000
.i-A'-C,
L.
on
that
Riggin,
President,
contracts
war
information
no
is
for
said
the
$786,547
'
$595,018
$52,361
20,693
20,693
$726,057
$28,239 V
™
^248,316
$31,668
:
*
the
to
The
$3.53
•'
railway....
•
Net
from' railway—...
1944
$213,374
$346,702
the
company's
carried on but
1942
basis
of the
settlement.
from
Net from
$116,595
'23.763
9,000
29,172
33,962
*5,695
11,737
1,655,108
1,456,477
1,056,530
204,105
258,524
178,389
19,515
47,009
56,465
■
ry.
railway..,
oper.
income"—
"Deficit—V.
160,
Missouri Illinois
1944
Net
from
•
railway
1943
$357,918
176,032
156.003
income
102,523
1942
$305,074
railway™-—
48,559
from
Gross
'
Ry.—Earnings-
August—
-Net
168,388
1082,
p.-
ry, .oper.
1941
$306,291
$249,181
179.179
'
119,892
75,066
The issue
55,821
Gross
from
from
Net ry.
2,162,2-58
;
income
2.071,094
2,089,816
sufficient
' i •
are
to
932,100
1,076,197
831,228
322,081
274,720
470,040
434,097
a
of
company
$1,000, registerable at the option of the holder
in
Boston
New
or
York.
Coupon
bonds
as
1944
August—
Gross
railway
from
N#t
from
Net
ry.
RR.—Earnings
railway
oper.
income
1943
1942
1941
$7,513,171
$6,108,188
$5,589,050
$3,245,176
2,305,043
1.678,703
1,915,070
1,131,308
381,174
578,641
1,150,154
646,753
prior
54,934.713
49.516,511
33,924,851
railway......
17.264,354
13,072,429
10,121,907
income—
4,478,134
from
from
railway
22,061,659
Net ry. oper.
—V.
160.
P.
1188.
4,701,704
.
5,488,611
as
whole
a
notice,
the
12
The
'
Net
maturity
at-anv
time,
interest date, or in part from time to time,
least 30
davs'
From Jan. 1—
Gross
to
and
months
series
also
out
6.035,681
of
2,795,014
governmental
or
properties
order,
on
period
at
A
bonds
of
money
taken
will
ranging
also
be
or
rot
par
in
redeemable
the
sinking
or
interest
in
date
reasonable
anticiuation
prior to maturity,
of
on like
such
taking
notince,
at
/'/
:•
1405.»
F.
*• /
,_
Yantis & Co,,
S.
_
.
'/
;
/
"
Ihc.'
•
/.
•
100,000
'X' /,"■
■"'"■■/XX'vX ;XX„
1
/-• ■
tX
;
■
;
'
•/,'.;
Corp.—Announces Pest-War Plans^-
franchise.
Motors
H.
C. Doss, Vice-President in
Division,
intensive
full
strength, he said.
"Wise
are
certain projections into the future, and we
conservatively that following the close of the war
market lasting about three years," Mr. Doss
"Following that we anticipate a two or three-year buyers'
planning requires
conjecturing
thp-e
will
! declared.
h°
»
sellers'
which sales will drop somewhat but continue very
leveling off."
total automobile sales to run between 25,000,000 and
30.000,000 in these post-war years, and reiterated that his own company, ready with its new low-priced "2-5 to 30 miles pep gallon -big
car," has already developed production schedules based on tripling
pre-war Nash output.
■.
' •
During this period. Mr. Doss said, the new Nash contract will provide for the .concentration of
car distribution. in. the hands of
a
restricted number of selected dealers,
with nrotacted territ^^s and
market,
during
strong,'then
He
.
fund
the improvement fund, or from the
proceeds
eminent domain or sold pursuant to order pf
new
'the Nash
at
in
"
charge of sales of
revealed, was developed after two years of
study and personal consulation with thousands of dealers.
Basically, its aim is to prevent over-expansion of the retail organiza¬
tion during the period of excessive public demand for new cars, and
to provide fewer and sounder dealers with financial returns that will
enable them to meet public needs during the recession period with
The
1973.
for
&
100,000
George W. MaSon. President, said on Oct, 2 in. announcing a
franchising agreement with the company's automobile retailers.
new
en-on
on any interest date, on
from 10^M* if redeemed
150,000
~C~Wood"&~Co!
Wurts,
years.
in
by
authority,
any
prices
beginning Sept. 1 to
whether
100,000
Cummins,
long-range program of, cooperation between large, and small busi¬
is essential to the economic security of the nation in the post-war
ness
to principal only,
interchangeable with fully registered bonds in denominations of
$1,000 or authorized multiples.
The reries A bonds will be redeemable at the
option of the company
<fe
150,000
Dulles & Co,™_
Wyatt, Neab& Waggoner- -100,000
Harold
Nash-Kelvinator
A
denominations
in
P.
100,000
250,000
Wheelock
'100,000
160.
Corp.™
C. Wainwright & Cp,
& Co., Inc.™™
Weeden
250,000
,Qorbett,,Inc., ™—150.000
'—V.
Corp., and
end
Missouri-Kansas-Texas
..
Sept.
of
—y.. 160, p. S87.
i
H.
150,000
'
Kidder & Co,_,uBurns
100,000
300,000
Spencer Trask & Co.— 1,200,000
Tucker. Anthony & Co™ 1,200.000
100,000
&
260,000
500,000
Corp.^_
& Co—
Wachob-Bender
of
Jones
1,400,000
/
,
_—
American
Thomas
100,000
Co.-
C.
Martin.
Trust
•
M.
A.
Other bids
bid of 104.38.
Scribner
150,000
'
Robert
•
Walter stokes Si Co—™
Swiss
/
•
&
Deane
Sir1 ear
200,000
300,000
—
Co.
200,000
Shields & Co—„™—
Hirsch, Lilienthal & Co.
Illinois
250,000
Co
—500,000
Chicago
1,400,000
Chas. W. Scranton &
Cleveland
& Co—
The
& Co,_ 1,400,000
Schwabacher & Co—.™
Co.,
&
100,000
First
F. Rothschild
Schoellkopf, Hutton Si
Pomeroy. Inc.
500,000
' 200,000
Hemphill. Noyes & Co._ 1,400,000
l,
1944; due Sept. 1. 1974.
PrinciDal and interest
(M&S) payable in lawful money at the office of Rhode Island Hospital
Co., trustee, Providence, R. I., or at option of holder at agency
1,725.409
855,428
on
1.400,000
L.
1,400,000
Exnicios
Haupt & Co
Heller. Bruce & Co;„"
Co., Inc.
Dated
railway
railway
oper.
period
received were 104.339 from The First Boston
104.279 from Blyth &
From Jan. 1—
Net
awarded
was
Sons,
750,000
Ira
Hemphill, Noyes & Co.; Otis & Co., Inc.; Phelps, Fenn &
Co.; E. H. Rollins & Sons, Inc.; L. F. Rothschild & Co:;
Schoellkopf, Hutton & Pomeroy, Inc.; Shields & Co.;
Swiss American Corp.; Spencer Trask &
Co.; Tucker,
Anthony & Co.; Dick & Merle-Smith; Dominick &
Dominick: Willam Blair &
Co.; Burr & Co,; Granbery,
Marache & Lord, and Ira
Haupt & Co.
8,682
&
300,000
—;
Securities
Green, EJlis & Anderson
,
891.862
;
250,000
—
Rollins
H,
Inc.
Gregory & Son, Inc——
Hannahs, Ballin & Lee_
&
'
460,456
railway.—
any
160, p. '987.
A, 3%, due 1974.
Associated;with/Halsey, Stuart/
Co., Inc., in the offerftig are:
Bear, Stearns & Co.;
Equitable
Securities - Corp.;
Glore,
Forgan*
&
Co,;
1941
$146,704
From Jan. 1—
Gross
for
Robinson-Humphrey
Co.
E.
& Co.,
Lord
Narragansett Electric Co.—Bonds Offered—A group
headed by Halsey, Stuart &
Co., Inc., on Oct. 5 offered
at 105.08 and interest
$31,500,000 first mortgage bonds,
$477,741
48,452
"
jNet ry. oper. income—
profits
The
250,000
Glore. Forgan & Co.-™ 1,400,000
Granbery, Marache &
series
1943
$164,878 "-
,■
whenever
300,000
1,400,000
100,000'
Corp.
Hill
Missouri & Arkansas Ry,—Earnings—
August—
1942,
year
require such adjustment.—V.
248,316
'
•fR'oss from
the
loo.noo
Hano—
&
Co
Peters, Writer & •.
100,000
Christensen, Inc.
Phelps, Fenn & Co—™ 1,400,000
100,000
Dickson
S.
Ferris,
$937,706
$2.96
.
renegotiation of
1943
is being
as
&
Park-Shaughnessy &
300.000
300,000
750,000
Corp
year
yet available
.
100,000
Co—
Co
Equitable
renegotiation proceedings for 1944 have yet been started.
Accord¬
ingly, both 1943 and 1944 earnings of the company are stated after
provision for renegotiation on the ba.sis of the renegotiation settlement
1188.
p.
Inc.—
Dominick & Dominick™
$3,225,706
$1.18
Fred
288,855
$48,932 /
pfd.
,
Co.
M. Newton & Co.—
Otis
150,000
Day & Co.—
Inc.
$2,704,547
$313,291
sales
$1,014,912
19,978
•
—.
deducts.™
income
on
&
Courts
1944—9 Mos.—1943
«
$1,081,291
$266,268
2,381,915
37,750
.
Pivs.
& Co.,
•R. L.
prof,
excess
■
Net income
for
•
Chanute,
& Co
Securities
Newburger
E.
500,000
No
income
other
&
Co.—
Dempsey & Co
$922,815
.
Earns, per share—$1.00
$5,233,246
provision for taxes
Gross
&
Inc.
$507,373
revenue
Operating expenses
prov. for depreciation.,
Int.
100,000
500,000
Co.,——*;.—
Blair
John B. Carroll &
Mississippi Power Co.—Earnings—
Gross
Co.— 1.400,000
&
,
1944—3 Mos.—1943
taxes
100.000
200.000
100,000
R.
-Earnings—
100,000
Inc.
Moore, Leonard & Lynch
Loughridge
for
$100,000
——
Mason-Hagan,
100,000
Burr
stock
875 square
Co._
Brooke, Tindall & Co.—
-j
common
provides
system
490.000 persons,
150,000
Stearns
William
435,
p.
first mortgage
Mason, Moran & Co.
A. E. Hasten & Co.—-.
Bosvvorth,
and
April 29
31,
on
..
,
Dick & Merle-Smith —_
From Jan. 1—
Gross
of
taxes
Inc.
&
Bear,
cents per share eachi quarter and. in
extra cash payment of 50 cents per
25
addition, on Oct. 30 made an
share and a stock distribution
each
Jan.
on
<b
/
6,496
AugustGross
dividend
extra
an
$31,500,000
Marx <fc Co.
Bleich-
S.
and
roeder.
Atwill
a
31.
In
Net. from railway.—_
Sept.
on
the
approximately
approximately
$2,950,000
Arnhold
•
regular dividend of 50 cents per share on the common
stock, no par value, both payable Oct. 28 to holders of record Oct. 14-
per
$3,922,802
.
Bioren
D.
years,
on
distribution
of
area
an.
Baker, Weeks & Harden
Donald
!
Electricity purchased is obtained principally
Co., an affiliate.
Gas purchased is obtained
Co., a non-affiliated company.
company's' electric
Inc.
of Butte
Power &
1188.
$3,900,045
due 1974, to be outstanding will be $945,000.;
,
/Halsey, Stuart & Co.,
(John) Morrell & Co.—Extra Distribution of 50 Cents
.New- Official—
$3,540,111
...
Robert
ager
interest,
etc.,
aggregate population of
,3,683,934
2,380,695
income
railway
oper.
$3,400,481 $3,732,144$3,618,843
59,630.
" 167,900
303,958
16,238
and
territory
258,306
railway——
from
ry.
9,651,981
service in a
miles and an
determined by
the 1940 Federal Census.
Such territory includes the cities of Provhdence. Cranston and Warwick, situated in areas aggregating approxi¬
mately 85 square miles, which have a population of. approximately
330,000 persons; nine urban townships situated in areas aggregating
approximately 125 square miles which have a population of approxi¬
mately 114,000 persons, and 15 rural townships situated in areas of
approximately 665 square miles' which have a population of approxi¬
mately 46.000 persons;
' . :
.
.
.
In addition to sales to general customers, electricity is sold by the
•company to its subsidiary, Rhode Island Power Transmission Co.. and
to
The Mystic Power
Co., United Electric Railways Co., Attleboro
Steam & Electric Co., and New England Power Co.,0 companies affiliated
with
the
company
but not subsidiaries.
Company supplies manu¬
factured gas in Warren, Bristol and Westerly,
.v
\<» ■
Underwriters—The name of each principal underwriters,
and the
respective amounts of the series A bonds underwritten, are set forth
below:
"1 - •.
; :
V
,407,630
;
10,431,878
Electric Power Co.
The
•
$616,525
175,928,
Liy; $1^43,799
from New England Power
the Providence Gas
.$621.131.
-
363,462
income
from
1941
379,101 '
$610,605
-
:
1941
Business—Company was incorporated by special Act of
Legislature, approved April 8, 1926, under the name
An amendment thereto, approved April 14,
1927,. authorized,
nmong. other
thingsi: the present name.
As
of
Dec. l, 1927, the company acquired all the assets, property, rights-,
privileges and franchises of The Narragansett Electric Lighting Co.,
incorporated' in Rhode. Island on May 29. 1884.
Company's-business,
conducted entirely, within the State of Rhode Island, is principally
that, of manufacture, purchase and sale of electricity lor light, heat,
power,, resale and other purposes, and to a minor extent the manu^
facture, purchase and. sale of artificial gas for general use, , Electric
and gas appliances are sold by the
company incidental to such busi¬
ness.
Electricity generated by the company in 1943 was about 96%
stock of $50 par value and
160, p. 1188.
preferred
' 1942
11,007,664
annual
History
stock of $2.50 par value.—V.
common
■■'.//
—Years Ended Dec. 31—
,1943
767,000
before
United
Sept. 26,1944.
on
company
Public
the Rhode Island
/v.• .',■•/•
preferred stock
of
share
each
on
Island
/'
886,723
amort,
The
/■/,/
one-sixth
of
Rhode
the
5,810,854
bonds, series A, 3%
Payments in 1943 were
/ ■
by
"Including maintenance and taxes
(other
than Federal
income) but excluding provision for depreciation,
y
;-t
share paid during the
per
y
depreciation-
for
Inc.
V
will compare
disbursements
Financing
income™
on
income
a
Called—
Payment
Iftst two
beneficially
June 30, '44
revenue—_
expenses
taxes
Operating
r
and Sept. 7, 25 cents each; and Dec. 3,
4
286,625
oper.
Net
but
always
Nov. 4,
Present
Reflect
Summary of Earnings.
u
Other
From Jan. 1—
will be made at Northwestern National
Minneapolis,
trustee,
Minneapolis, Minn., at the office of Halsey,
iStuart & Co., Inc., Chicago, 111.; at The Chase National Bank of the
City of New York, 11 Broad St., New York, N. Y., or at any branch
in Canada of The Dominion Bank,
Interest.
1
the stock certificates
dividends will be paid
cash
Such
common-stock
railway™
Gross from
arrange
been
the
in
mortgage
24.
railway—
division.—V.
lateral
cents
20
the stock dividend the
5%
■
from
ry.
—V.
Minnesota & Ontario Paper Co.—Bonds
moneys
to
"$300,299
the smaller number' of common shares out¬
consisted
of
payment of
Net
companies in exact alphabetical
order.
However, they are always as near alphabetical
positton as possible.
possible-to
and
record
.
Prov.
■■■
of
1405.
p.
Nov.
on
June
5,
dividend
shares of
Gross
of
the corhpany, together with such
approximately $747,549) from the
/XX"':'/'X
"Operating
Fed.
Monongahela Ry.—Earnings-
$363,150
354,808
<$361,668
39,080
being
30
outstanding, payable to shareholders of record
the
29,468
$2,932,167
projects'•-•Xv':-''/'"-
$45,341
Interest
>
■
Total
accompanying
proposed
/y
one-half
With
'
.
deprec.™
prop,
of
dividends of 25 cents
cents./
Net. from
of defense
dividend
standing before payment of the stock dividend.
32,811
:
$653,432 ' $4,352,800
$250,565
chgs.
,
"Includes amortization
June
Ended
The
record
quarterly
August—
Net
,
by
be
6 Mos. End.
$2,964,978
22,146
4,656
—
of
Co.
•
.
basis of
shareholders
to
fixed
charges —
Months
a
dividend.
265,212 shares of
tFixed
to
bonds,
// ■
the preferred- stock and 99 cents a share
the shares now outstanding.
• ;
on
declare
first nine months of 1944
55,834
for
Service
.;
•
,
mtge.
"Owned
of
shares outstanding as a result of the stock dividend author¬
a
Dec.
$2,909,144
avail,
Inc.
.
Six
the
on
to
representing the
$2,800,856
Dr9,862
Other income (net)™™'
■
-
by the company in September, John K. Voehringer, Jr., President,
stated
Ry.—Earnings
rents..—_
oper.
-•
year-end extra dividend of 15 cents per share .on. the increased number
shares
Net
.
Increased Common Stock To Receive Extra Dividend—
Cr243,362
Dr 135,074
$633,370
for
share
a
stock
common
as
jofnt facil.
cumulative
The directors of this corporation (formerly Mock, Judson, Voehringer
of
1944,
series A. 3%, due 1974— $31,500,000 $31,500,000
Cumul. pfd. stock, 4>/2%. series (par $50) (shs.)
180,000
180,000
Common stock (par $50) (shares)..—_™".
522,487
"522,487
the principal
is listed as
_
"Equal to $10.19
On
been elected
1405.
$4,228,372
Crl81,506
$ire of equipment
of 5%
shares
profit J——
Co.,
$233,999
Cr22,729
'.Net after taxes.
.
13,010
Co., Inc.,
-
Results
.,1944—Month—1943
1944—8 Mos.—1943
$2,501,223
$2,502,174 $20,024,501 $16,228,423
2,094,654
1,712,942 , 14,468,359
12,320,238
172,570
155,863
1,327,770
1,107,328
31—
revenues
received
(estimated
the shares which
ized
Period End. Aug.
G. Becker &
A.
,
cars;
Directors, Etc.—
Minneapolis St. Paul & Sault Ste. Marie
Total
of
proposed offering
a
value.
par
1,
exclusive
Authorized Outstand'g
First
corporation will not receive any proceeds from the sale
does not represent new financing but offerings by
a number of stockholders of shares already
outstanding.
The Chase National Bank of the City of New York has been appoint¬
ed registrar for the 5'/e. cumulative preferred stock, $50 par yalue.
took over
steel freight
500
for
Wright, Vice-President and General Counsel, has
director to succeed Jesse E. Wald,/ resigned.—V, 160, p.
>Total
be
to
cash
,
W.
c.
interest,
The Mojud
of
.
■
31,010,914
underwriter.
including -two of 4,050 horse-power for high-speed freight
Work; six stainless steel air-conditioned passenger cars and 10 experi¬
mental aluminum freight " cars, which weigh six''tons' apiece less than
the steel, Mr. Sprague said.
Steel sufficient for 32 miles of double|rack 100-pound rails are included in the
authorization.
New
43,969,523
27,631,804
preferred stock of $50 par value and 81,257 shares of common stock
diesels,
£jx
67,872,552
22,303,266
$2.50
Sept,
($32,879,700),
funds of the company as may be required will be applied to
redemption on or about Nov. 13, 1944, at 105y2, of $31,732,000
mortgage "bonds, series A, 3Va%, due July 1, 1966, which, ex¬
clusive of accrued interest, will require,
$33,477,260, and to the pay¬
ment of expenses relating to the issuance of the series A bonds esti¬
mated to be $149,989, a total of $33,627,249.
corporation (formerly Mock, Judson, Voehringer Co., Inc.), one
of the leading makers of ladies' full-fashioned hosiery, filed a registra¬
tion statement on Sept. 29 with the Securities and Exchange Commis-?
of directors have authorized the purchase of $3,500,000
jyorth of diesel locomotives, modern steel passenger and freight cars
*i:nd steel ra.U, L. €. Sprague, President, announced.
-r.
The authorization brings to more than $40,000,000 the total spent
are
beginning
periods
proceeds
first
This
board
fpr new equipment since 1935 when the present management
line, he said.
Current contracts for 500 freight and 150
months
Capitalization Adjusted
sion
The
12
Proceeds—The
Mojud Hosiery Co.. Inc.—Files Registration Statement
Cars
Locomotives, Freight and Passenger
To Purchase
66,016,409
ry.
—V.
From Jan. 1—
Gross. from railway—
Jjfftt from railway™—,,
railway.
from
Net
$1,179,141
of
the
oper. income.
160, p. 1405.
Net
1941
1Q49
1943
$1,276,337
429,476
317,339
$1,395,708
from railway™™
from railway..
Gross
the
in
1973.
general
70,486,588
22,022,040
14,621,738
147,234,976 107,158,092
155,318,392
railway
from
redeemed
in
additional
From Jan. 1—
Gross
Earnings—
Minneapolis & St. Louis Ry.
if
par
Application
$9,959,091
3,563,953
2,611,006
railways- $20,615,697 $20,042,622 $17,070,260
9,117,305
9,459,629
8,057,433
Net from railway—-—
3,366,707
2,655,534
4,932,240
Net ry. oper, income—
Gross
1297.
materials and investment funds permit.—V. 160, p.
power,
to
1941
1942
1943
1944
August-
Monday, October 9, 1944
105 Vo
Missouri Pacific RR.—Earnings
Expansion—
Michigan Bell Telephone Co.—Post-War
Of
CHRONICLE
THE COMMERCIAL & FINANCIAL
1528
,
greatly
expects
improved
service to owners," He added that the contract
is
Volume
basis ."commensurate .with
on .a
,
,
*
the
of
one
discount structures
combined
best
will open bids Oct, 13 on its proposed sale of
000,000 five-year, notes, proceeds of- which are to be used with
funds • for 1 redemption
of $15,188,000 extended first mortgage
The
'Of
1947.'
Offering—
Co.—Secondary
Insurance
Fire
Gross
'Net
Net
*
Blyth & Co., Inc., offered, Oct. 3, after the close of the
Stock Exchange, 2,000 shares of capital stock (par $10)
as a
secondary distribution.
The stock was priced at
$57 a share, with a concession to members of the NASD
■of $1.25 a share.
The offering was oversubscribed.—
V 159, p. 1866.
/
.
Net
t
ry.
345,866
131,203
1,958,033
3,119,543
railway..':—952,800
from
Net
<of
726,161
income-,-/
1,174,100
929,033
1,050,995
1,236,751
2,234,115
"
V-
oper;
160,
987.
P.
-
of 15 cents per share
on
the no par value common stock, payable Oct. 21 to holders of
record Oct. 7.
A like amount was disbursed on April 22 and July 15,
this year.
In 1943, payments of 25 cents each were made on March 13,
June 19, Sept. 18 and Dec. 11.
/.; /•/ .•/."1
■//
directors
Elected—
New Controller
Gross
631.
1
.
64,187
53,043
5,853,602
5,161,914
610,239
4,129,071
*54,431
income—
oper,
railway.;.
Net
*
838,138
Deficit.—V.
160,
paid
1293.
p.
John J. Foulkrod Jr;,
Philadelphia,
987.
p.
senior
$473,106
$516,319
$428,266
217,295
216,298
129,133
94,554
99,773
71,284
2,741,617
1,152,685
587,285
2.461,957
1,035,282
505,538
:
v;
Pittsburgh, Pa., says:
//"Judge W.
Heber Dithrich on Sept. 23 upheld the election Of
Attorney John E. Laughlin Jr. of Pittsburgh, Pa„ to a two-year term
.on
the board of directors of this company.
The decision also re¬
duced tire term of Attorney Edward H. Green of New York as a
member of the board from two years to one, and effected the removal
of
D.
S.
Faulkner
of California from membership on the
board.
Previously it had been announced that Mr, Fauftkner was elected to
•
income—
oper,
From Jan. 1—
91,835 ;
.
Utilities Corp.—Second Distribution
1944,
the
in
amount ef
registered bonds.—V.
160,
have
as
of Nov, 1, next, $217,000
gold bonds, 5%% series due 1957, at 103
Payment will be made at the Chase National Bank of
York, successor trustee, 11 Broad St., New York, N. Y.
/•■
// ; -i;.-.
the. City of New
-—V.
bonds was
in principal
and lien
mortgage
interest.
and
$500
$217,000 of Bonds—
for redemption
called
been
each
$40 on
632. '
p.
160, p. 227.
.
,
■.■';/
.
railway—
3,946,420
3,942,049
Net. from railway
ry. oper. income—
1,718,173
624,195'
1,830,125
735,417
from
l,
of
first
of
$311,830
' 208,653
•Net "ry.
dispatch from
Press
Associated
An
1944
1941
•
railway——
from
Gross
Gross
(Pa.)—Election Sustained—
National Supply Co.
1942
1943
Net from railway.——
been1 elected a director.—V. 160,
:»•/
'//" //"
/<. r:". ;
firm, has
:/,•,//
law
Pa.,
..
'
August—,
Aug.
There
■
Co.—New Director—
partner in Poulkrod, Porter & Wadlinger,
Sugar Refining
National
■
15
North Penn Gas Co.—Calls
'
■•'
in
.amount
Susquehanna & Western RR.—Earnings-
New York
the system's proceedings involv¬
reopen
Will be mailed to registered holders.
The initial distribution in respect of the above-designated
457,104
*156,936
163,864
207,570
income—u v., *367,660
oper,
ry.
:
^
6,473,230.
464,976
railway—,
from
-Net from
;
v.
55,436
ry,
Gross
-
11 years.—V. 160, p.
135,049
Net
G. Parks has been elected Controller, effective immediately,
it is announced on Sept. 27.
He comes to this company from' the De¬
troit office of the accounting firm of Arthur Anderson & Co., with
Which he has been associated for
$634,389
160,090
175,901
From Jan. 1—1
to
17
Natural Gas Co's proposed acquisition of the properties
Inc.
Argus operates gas distribution sys¬
towns in southern
Kansas.;
Following the transfer of
North Continent
$752,922
from, rail way ___—81,292
:
set Oct.
has
City National Bank & Trust Co., trustee, has notified, the holder?
of the first lien collateral and refunding gold bonds,' series A. 5'/2%,
.dated Jan, 1, 1928, due Jan, 1, 1948, that $204,750 is now held by
the
trustee
for the purpose of making a
ratable payment in the
amount of $30 on each $500 principal amount of registered bonds,
•The close of business on Oct. 7, 1944, has been fixed by the trustee
.as the record date for the determination of registered owners of bonds
entitled to receiye the payment, and Oct. 13, 1944, has been fixed by
,the trustee as the date on which such payment will be made.
Checks
'•
1941
1942
1943
$899,957-
Net
.Royal
V
railway.™
from
SEC
s
1944
$872,015
August—
Sept. 27 declared a dividend
on
501,044
928,535
2,348,928
'"
Ontario & Western Ry.—Earnings-
New Yofk
Div.J
Castings Co.—15-Cent
National Malleable & Steel
865,785
properties it would be dissolved.—V. 160, p. 988.
.
The
708,510
,
Argus Natural Gas Co.,
tems
■.,'■
99,469
' 3,563,029
1082.
p.
People's
ing
352.518
1,801,520
f
,
499,407
103,894
' •
5,087,707
1,753,549
,
North American C«;—Hearing Oct. 17—
The
$461,787
113,074
/
railway....
from
Net
—V.
.
2,027,501
oper. income
ry.
From Jan. 1—
Gross
93,306
$233,772.
84;785
138,309
$226,802
70,820
,
1941
1942
1943
1944
$247,327
:
railway.
48,356
1941
$489,664
153,922
,
'
5,477,203
1,543,159
'
-
1942
$683,682
254,S94
113,504
90,288
railway
from
1943
$575,076
:
5,574,655
1,237,986""
;Net ry. oper. income„,
Connecting RR.- -Earnings-
railway.—
from
from
' 208,674
railway-™
from
—V. -160,
New York
,
railway
From Jan. 1—
Gross
shares
tificates of deposit representing beneficial. interest in 50.000
of Wheeling & Lake Erie Ry. common stdck.—V, 160, p. 1298.
in the low and medium
railway-™
from
from
Ry.—Earnings—
1944
$761,020 /
<
.Net ry. oper. income™,
,
ing mortgage 4 Vis of
A'ugust—
National
'Gross
'Net
The notes will be secured initially by pledge of the company's refund¬
1978 with market value of $12,500,000 and cer¬
,
August—
•
$10,other
3 Vis
company
will compete exclusively after the
.priced fields, in which.the company
war.—V. 160, p. 1297.
••
Norfolk & Southern
St. Louis RR.—To Open Bids—•
New York Chicago &
the, combined capacity of
penetrate the dealer's total market
'during a normal year."
'
■
'
; The new' contracts call 'first for the delivery of two-thirds of the
company's unit production.
Over and above these basic commitment.^,
the company
is prepared to provide its dealers during the sellers'
market with 60%
or
more additional
cars than the amounts called
for in the individual contracts.
In addition, Mr. Doss said, the con¬
tracts provide
for retroactive, volume discounts giving Nash dealers
established
ourselves, as we'll as the dealer, to
1529
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4323
160
Net
■:
Co. —Extension
Seiwice
Public
Indiana
Northern
"o^-/
Granted—
'
a
term.
one-year
order
The
■When
160,
order.—V.
-
after
came
of
judge
the
p.
fight which started early this year
declared Mr. Laughlin's election out of
/ :
'/
".?■/
proxy
a
elections
834.
—V.
The
1298.
160, p.
'subsidiary
directors on Oct. 2-abolished the office of Chairman
.of the board, from which post Paul A.. Schoellkopf recently resigned,
and
voted to reduce the membership of, the board from 16 to 14.
Co.—Acquisition—
National Tube
C.
for
ments
.
A
/
completion of arrange¬
of the buildings and
Tubular Alloy Steel Corp. in Gary, Ind., which will
President, on Sept. 21 announced
the
acquisition by this company
R. Cox,
of
become an operating division of the company on Oct. 1.
■i
The
move
does
not change the existing arrangement with
Defense Plant
Corporation, which continues to hold title to
mechanical
facilities and other equipment
of Tubular Alloy
properties
;■"■■
''■
Corp.
Co. is a subsidiary of
National Tube
The
the
the
Steel
Corp.—V. 155,. p. .^283,
,//
,,
.
.
•
}
<,'/
'
""//:■
Co.—Condemnation Proceedings—, ordinance directing the
proceed to draw up an ordinance providing for the
Nebraska Power
city
to
attorney
city of this company, a subsidiary of American
and for the submission of such condemnation to a
the
by
condemnation
•Power. <& Light Co.,
Income
Cost
between the city and the power companies, whereby
would be no sale of the Omaha company with¬
days' notice being filed with the city, expired on Oct, 4. /•//■
180
there hvae been discussions that a private, non-profit
being formed to purchase Nebraska Power Co.
The price
("Wall Street Journal.")—V. 160, p. 1188.
V Recently
■group
was
mentioned was $44,000,000.
of
Bales—
—
-
1082.
p.
.
England Carbide Tool Co.,
New
The stockholders have
from
3,000
additional
such
J
:
—
1944—Month—1943
1944—9 Mos.—1943
$3,182,796
$3,050,731 $25,220,396 $25,140,018
Period End. Sept. 30—
160,
Inc.—To Offer Stock
voted to increase the
authorized capital stock
shares to 8,000 shares.
The
share to such persons and in
the directors may determine.
:
$25 par class "A" common
stock is to be sold at $25 a
amounts
as
Association—Output—
Gas & Electric
New England
;
Sept. 29, the Association reports electric output
of 11,594,798 kwh.
This is a decrease of 782,159 kwh., or 6.32% below
production of 12,376,957 kwh. for the corresponding week a year ago.
Gas output for the Sept. 29 week is reported at 120,410,000 cu. ft.,
ftn increase of 5,045,000 cu. ft., or 4.37% above production of 115,365,000 cu. ft. in the corresponding week a year ago.—V. 160, p. 1406.,//
V
Statement, Period Jan. 1 to and
&
Incl. July 1, 1944
—
-
—
re-negotiation.
Northwestern Pacific RR.—Earnings—
ry.
Balance
Assets—Cash
(less
ceivable
For the week ended
on
for
'
Treasury tax notes and accrued interest, $1,905,333;
$249,998; interest in assets of closed bank, $472;
total, $15,334,641.
accounts payable,
I
'.
122,343
302.843
1,191,522
; 783,536
160,
'
2,249,035
161,914
* 127,531
988.
p.
payroll taxes, etc., $133,408; workmen's
compensation in¬
$6,951; manufacturers' Federal excise tax payable,
$2,470; Federal,tax payable as withholding agent,-$100; provision for
Federal taxes on 1943 income,. $1,088,933; estimated provision for Fed¬
eral taxes and possible renegotiation of 1944 income, $1,331,808; refund
' ' /
■
at their option, surrender such bonds at any time
redemption date and receive the full redemption price,
together with accrued interest to date set for redemption.
See also
New
•
$1,170,284; accrued wages, State
payable account of renegotiation- of 1943 income, $4,200,000;'employees
funds withheld (contra), $100,087; reserves for workmen's compensa¬
tion insurance, $30,082; reserve for additional compensation, $50,000;
common stock (237,500 shares), $1,187,500; paid-in surplus, $1,661,982;
earned surplus, $4,371,056;
V:
total, $15,334,641/
/
.
the
to
Transfer Agent
Appointed—
The Chase National Bank of the
p.
1407.
./.
"
/ .//
„
City of New York has been appoint¬
See offering in V. 160,
/'/:. " ;•/ : /' " ■; .
•
-i
agent for the 4.40% preferred stock,
ed transfer
■
.
Baystate Corp. (Mass.), above.—V, 160, P. 667.
See
_
1
Associates^—Reorganized—
Old Colony Trust
v
-
.
York, N. Y.
Bondholders may,
prior
liability,
surance
3,039,336
602,033
286,479
171,210
Ohio Edison Co.—Calls Two Bond Issues—
The company has called for redemption as of Oct. 30, next, all of
its outstanding iirst mortgage bonds, 4%
series of 1937, due 1967,
at 106 and interest, and as of Nov. 2, 1944, all of its outstanding first
mortgage bonds, 4% series of 1935, due 1965, at 183% and interest.
Payments will be made at the Bankers Trust Co., trustee, 16 Wall $t.,
assets,
Liabilities—Trade
and local and
4,148,017
702,624
income—
oper.
"Deficit.—V.
accounts re¬
in collection of $30,000), $1,701,781;
Treasury certificates of indebtedness,
post-war refundable portion of excess profits tax (includes $63,924 in
no-n-negotiabie bonds), $239,041; employees funds withheld (contra),
$100,067; property, plant, and equipment (net), $1,539,507; deferred
charges,, $309,059;
ry,
railway--—-.
from
Net
3,984,521
railway-
from
Net
losses
$2,842,321;' U. S.
Miscellaneous
1944
1941
deposit and on hand, $5,922,063; trade
reserve
U. S.
$525,000;
At July 1,
Sheet As
,
,
$413,537
110,436
70,387
$513,692
From Jan. 1—
Gross
$691,845
$2.91
————.—™———/■
share
per
182,335
124,906
income—
oper,
.
1942
1943
$649,894
254,728
182,663
$613,982
railway/
from
Net
•'
1944
railway.—^
from
Net
1,312,780
2—/w—--™--' ^
Net' income
Earnings
as
August—.
Gross
22,170
•■'.
:
Taxes and possible
company
kwh,
'
$2,026,795
——.—-—1—
from; income
for Federal
Provision
(Del.)—Weekly Output—5
for the week ended Sept. 30, 1944,
compared with 39,966,000 kwh. for the
corresponding week last"year, an increase of 5%.—V. 160, p, 1406.
/;
output of this
totaled ■41,945,000
-
Total income
Deductions
12,452,560
1083.
160, p.
Electric
$1,939,751
'
887,044
—
——
Other' income
r >
10,955,114
.. . 461,686
•---*•—
; Net profit on sales-————
51.902,999
15,274,513
70,699,801
21,276,903
14,768,088
20,037,575
14,397,146
Northern States Power Co.
►
'
allowances!— $13,356,551
expenses2i'._;^AtC_;--Jf^;_-_-^_--~^
general
—V.
■
92,407,725
34,725,009
railway-—/ 101,866,605
32,635,107
railway———
:•
.
goods:
'inventories,
Inc.—September Sales
Neisner Brothers,
—v.
stock
a
sales, less outward freight, returns
Selling fcnd
contract
The
as
from
Net ry, oper. income-—
.
the latter agreed there
out
thereof
296,875 shares.
$8,614,953
3,392.104
2,800,139
railway.—
from
Gross
Net
has authorized the
capital stock (par $5), en
shares of
people.
the
of
vote
ance
for
ry.
./■
V,/
listing of 59,375
official notice of issu¬
dividend, making the total amount applied
York Stock-Exchange
New
from;
From Jan. 1—•
City Council passed an
(Neb.)
Omaha
The
The
additional
Gross
the United States Steel
.
Capital Stock— ■' '
/'
1941
1942
1943
1944
railway——' $13,437,505 $12,931,452 $10,692,661
4,250,142
5,133,282
4,109,841
1,763,230
2,888,194
2,704,523
oper. income.—
from
Net
Inc.—Listing of Additional
Noblitt-Sparks Industries,
Co.
Power
August—
Gross
Net
"/
&
Porte Gas & Electric is a subsidiary of
Upon consummation of the transaction
liquidated.—V. 160, p. 1298.
La
Northern.
of
Light
until Dec. 5,
& Electric Co.
Gas
sale of its electric, gas and heat properties
Co. and La Porte Heat Corp., a
Public Service
Nprthern Pacific Ry.—Earnings—.
System companies
period of 27 years.—V. 160,
a
V-,■;
1406.:;/.,' /;/;/,/
p.
extends over
predecessors
their
Indiana
Porte Gas will be dissolved and
La
elected a director.
George J. Brett, Controller of the company, was
Brett's, association with the Niagara Hudson
•Mr.
and
United
of
board
the La Porte
given
consummate the
Northern
to
Corp.—New Director—
Niagara Hudson Power
The
has
SEC
to
1944,
-
.
,,
Stock Distribution—•
'
England Power Association—Output
New
New
number of kilowatt hours
ended Sept. 30, 1944, as
compared with 65,857,852 for the week ended Oct. 2, 1943,
'/
its
for
«4,718,068,
figure
for the week ended Sept. 23, 1944, Was
of 0.48%V. 160, p. 1406.
'.'///'/
Comparable
a
''' ■'
O'f '1 73 % »''
(l6CTfJ0jS6
{l
decrease
Telephone
England
New
Telegraph
&
Waiting for New Installations—
Harrell, President, in a statement sent
their dividends, payable Sept. 30 at the rate of
J.
in
E,
are
"stabilize
briefly
decrease
in
nearly
now
territory,
our
war
at
64,567,484,
//
Co. —70,000
;// \
v
to stockholders with
$1.50 per share, said,
70,000 people
waiting for telephone service
there is some evidence that the situation
at about that figure and perhaps go down as
demands on the telephone system releases some
and
will
the
in¬
Sept. 14 was
,
'
of New England on the night of
less serious in damage to telephone plant than was the
hurricane
1938.
struments
and
other
"In
of
1938
This
to
than
more
service
400,000
telephones
within
four
telephones were put out of Service.
were
involved, 80% of which were
days."—V. 160. p. 1189.
•
1944
AUgustfrom
railway—/"
Net from railway——!
Net ry, oper. income—
$781,342
342,265
187,435
Net
from
Net
ry.
-*-V.
160,
4,062,047
p.
5,957,960
3,640,029
2,251,162
1,290,446
6,929,349
railway—^
railway—.
oper.
income—
of
earned surplus in .the aggregate amount of $1,444,000, being
of $24.32 for each of such shares.
The amount of such
rate
the
charge against/earned surplus was determined, by taking one-fifth
"(the relation which the .total number of stock dividend shares will
bear to all. of the shares of the company which will be outstanding
capital account in
will be credited
,to the paid-in surplus account of the company.
"
The 25% stock, dividend was declared on Sept. 6 to become payable
'Oct. 16 to holders Of record Oct. 2.—-V. 160, p. 1406.
namely
shares,
$296,875,
will
be
credited. to
the
-respect of such shares,, and the ,balance of $1,147,125
'
1941
$241,720
365,778
334,940
87,327
95,060
1942
4,046,119
2,316,749
2,186,923
1,874,230
■680,181
31—
company
expenses
- accrualsrents (net)——
Jt.- facil. rents (net)
Ry. 4ax
Equip.
—
on
p.
war
Sept.
21
contracts
announced
1406,
for
that
upon
It
has
completed its
the assumption of the liabilities of that
the assets and
of
quisition
company.
Exchange also has authorized
The
,
convertible
cumulative
preferred stock
the listing of 82,000 shares of
and
stock for conversion purposes.
mon
Oct.
On
tificate
,
of
14,821.728
7,600,353
5,445,887
"Cr531,621
•
income."
changed to 1,725,000 shares, of which 125,000 shares are preferred
(par $100), issuable in series, and 1,600,000 shares are common
stock
(no par).
The amendment became, effective on Oct. 4, 1944.
The directors on Oct 12, 1S44, will adopt a certificate setting forth
and certain of the terms of an initial series of cumula¬
preferred .stock and will assign 82,000 shares to such
12, the directors al.so will adopt resolutions providing
for the issue and sale of the convertible preferred stock and the issu¬
ance
of common stock upon conversion of the convertible preferred
the designation
tive
convertible
series.
On
Oct.
stock.*
•
:.*■•■•'.
Equipment Co., below.—V. 160, p. 1407.
Oliver Farm Equipment Co.—Merger
pany of the
as well as a
99,923,389
6,909,213
60,129,674
55,827,319
4.569,324
35,343,022
34,217,002
Cr677,-708 Cro.415,609 C?'5,579,723
77,963
29,079
175,829
2,279,144
1,937,251
118,490
17,396,342
4,565,103
15,337,150
790,129
on
Oct.. 3
approved
Ratified, Etc.—
the acquisition
by this com¬
.Cleveland Tractor Co. and co-related financial proposals,
change in the name to the Oliver Corp.
The shareholders
of Cleveland Tractor Co.
also approved the merger
the same date.
The Oliver 'company will acquire the
business of Cleveland Tractor, assume its liabilities
with some exceptions, and pay the dissolution expenses,
The Oliver stockholders also approved doubling the present 800,000
shares of authorized common stock issuing 125,000 shares of $100 par
convertible preferred stock and a split-up of the present Oliver com¬
agreement
and
assets
121,640
/
stockholders
The
$
$
$
12,767,159 107,629,258
592,491
Other income
additional shares of. com¬
■ ■
' - ...
./ , •
to the cer¬
stock was
1944, the stockholders'adopted amendments
incorporation whereby the authorized capital
3,
stock
■
Net ry roper,
on
going
two shares of new common for each share of present common.
Oliver will deliver to Cleveland Tractor 146,659
of the new. doubled Oliver common stock for distribution to
Cleveland shareholders.
See '.also V, 160, p. 1190.
mon,
Under the agreement
$2,871,635
Gross income
1943, which resulted in a refund
to
the Government
of $375,641,
This reduced the company's net
profit for that year to $922,808 by decreasing its net $70,892 after
adjustment and the resulting Teduction in Federal taxes.—V", 160,
of
tered
1944—8 Mos.—1943
1944—Month1944—Month—1943
$
Int.
renegotiation
unissued,
Norfolk & Western Ry.—Earningsperiod End. Aug.
719,512
987.
authorized the listing of 146,658
of common stock (no par), which are authorized but
official notice" of issuance, pursuant to agreement en¬
into with Cleveland Tractor Co. as. of Aug. 26, 1944, for'the ac4
additional shares
See Oliver Farm
on
funded debt-
176,136
$2,055,741 $21,961.4.46 $16,127,279
1,409,228
176,136
1,409,088
New York Air Brake Co.—Renegotiation—
The
The New York Stock Exchange has
f.
'
of .the.stock dividends) of the aggregate of the amounts
'in the company's capital, paid-in surplus and earned surplus. accounts
at July 1, 1944; earnings for the period from Jan. 1, 1944, to and
including .July .1, 1944... were, estimated by the board for the purposb
'of determining earned surplus."
--. •
,
Of the amount ($1,444,000) to be charged against earned surplus;
an
amount equal to the aggregate par value of the stock dividen4
Convertible
Preferred Stocks—
after payment
Ry. oper.
$599,266
1943
$804,351
501,260
181,565
From Jan. 1—
.Grass from
now
value
Ry. oper. revenues—.
New Orleans Texas & Mexico Ry.—Earnings—
'Gross
par
;
•-
.
,
119,000
year
restored
equipment.
which swept parts
"The hurricane
•
company
the
against
'
'
part, as follows:
-"There
In
Off 1.73%—
Power Association reports
territory for the week
England
available
:/riyri/
has outstanding 237,500 shares of capital stock
$5 each, and upon issuance of the additional
59,375 shares constituting the 25% stock dividends will have a-total,
of 296.875
shares outstanding.
In connection with the issuance of
the stock dividend shares,'the board of directors authorized a charge 1
The
of
Corp.:— Listing of Common and
Oliver
Net income
Sink.
&
Miscell.
——,—_
ap.
49,533
appropriations.
800,000
res',
funds
20,552,357
1,879,605
48,780
2,695,499
;
—
422,132
■
5,375,000
14,718,051
406,427
•shares
r
—
-V.
income—.
160, p. 1400.
1,845,966
1,830,826
14,755,225
Y,)—
Debentures Called—
.
Balance of
One Seventeen West Seventieth Street Corp. <N,
.
14,311,624
All
of the outstanding
redemption
as
5%/debentures due 1945 have been called for
of Nov. I, next,
at 100 and Interest' Payment will be
St., N. Y.
made at the Continental Bank & Trust Co., trustee, 30 Broad
THE COMMERCIAL & FINANCIAL CHRONICLE
1530
Pan American Airways Corp.—China Air Deal—
Oppenheim Collins & Co., Inc.—Sales, Etc.—
far in the, first quarter of the new fiscal year, ending Oct. 31,
are ahead of the Similar
period last year", Otto Kinz, President, said
following the annual meeting of stockholders held on Oct. 2.
Post-war plans,
Mr. Kinz stated, call for expansion within the
'present physical setup—addition of infants', children's,
girls and
teen-age apparel lines, for example—rather than expansion in the
Sales so,
number
The
units.
of
company
be refunded and
'
said its bonds, which mature next year, probably
action will be initiated shortly.—V. 160, p. 121.
and the Chinese Ministry, of Communications.
August—
Gross
...
Will
subsidiary, China Airways Federal,
solved.—V. 160, p. 1407.
its
railway—
Net
ry. oper.
August—
Net ry. oper,
income—. /;
redemption price and coupons
due Jan. 1, 1945, will be paid upon presentation and surrender as above
provided on or after Oct. 9, 1944.
The right to exchange bonds of
series B for bonds of series A will expire Jan. 1, 1945, it was also
wUl
the full
at
redeemed
be
'
in London will be paid in
pounds sterling;
The principal of and the premium on series B bonds
presented in New York will be paid in U. S. dollars at the rate of ex¬
change prevailing on the date such exchange is made and coupons of
series B bonds presented in New York will be paid in U. S. dollars at
the rate of $3.85 per pound^sterling.announced.
Series
„
railway,
presented
coupons
.
New Bonds Authorized—
to issue not exceeding
26 authorized the company
The ICC on Sept.
$72,194,000 of refunding-mortgage bonds, consisting of $54,750,000 of
series A, and $17,444,000 of series B, the series A bonds to be sold at
102.098 and accrued interest from Get. 1, 1944, to date of delivery, and
the
series
bonds
B
at the same
the Union Pacific RR.
sold to
to be
the proceeds from their sale, together with other funds, to be
redeem outstanding first and refunding mortgage bonds.
Authority was granted to the Union Pacific RR. to, assume obliga¬
tion and liability in respect of the payment of the principal of and the
interest on the $54,750,000 of series A bonds, by endorsing its guaranty
thereon,
v'"v;
Requests for bids for the series A bonds were sent to 161 banking
houses,- trust and insurance companies.
In response thereto, two bids
representing 168 parties, were received.
The better bid of 102.098 and
accrued interest to date of delivery was made by Kuhn, Loeb & Co.
in behalf of itself and 85 associates, and was accepted,
As the series B
bonds are to be sold to the, Union Pacific at the same price, the aver¬
price,
used
to
.
age cost of the proceeds of the
mately 2.84%.—V. 160, p. 1298.
bonds
proposed
oper.
ry.
*Deficit.—V.
6,286,003
1,418,339
*132,140
656,430
2,618,389
686,341
j.
income
160,
Net ry. oper. Income—
—V. 160, p. 1022.
'
■■
586>082
297.529
357,303
5, 205,968
916,309
518,787
Petersburg & Hopewell Gas Co.—Acquisition—Sale of
from
Net
Outlet Co.—$1,789,654
Gross profit on sales
$1,734,565
$1,668,693
108,879
103,404
electric
output
the
for
and its
company
kwh.,
The electric output
Operating
profit——
provision
Net
$1,747,089
1,022,395
53,500
1,011,115
50,000
$842,309
22,475
$762,074
$685,973
25,867
28,306
$864,784
$787,940
$714,280
48,000
for
Federal
—
income
..'excess-' profit staxes
"
$1,837,969
1,008,223
:income--_---^--_-^hri.------,
Profit before income taxes
v,.
$1,898,532
___:
—
and
$249,780
$275,440
$259,484
.
464,500
512,500
605,300
—
profit
■
per
share——
common
Exclusive
of
depreciation
To Pay
this company and its
for
these
It
'
a
corporation is taking steps preparatory to entering ;tbe capital
markets; according to a letter to stockholders calling a special meeting
.for Oct; 25,' next.
:
time
will
be
p.sked
to
approve
proposed
improve the
a
change in the articles of incorporation which would
position of the $100 par value 5% preferred stock.
v
Citing the 60% improvement in loans and discounts outstanding for
the year ended June 30,
last, the letter states that this expansion in
.
volume
business
and
favorable
war
of
result
of
the
improvement
in
future
prospects
a
as
developments, bringing nearer the time of
resumption of the manufacture of automobiles, has necessitated con¬
sideration of plans for expansion of capital funds.
As a first step, Lockheed Aircraft
Corp., which controls the com¬
pany, has purchased an additional 25,000 shares of common at $16 a
share, lifting the outstanding shares to 250,000.
This places $400,000
of
new
As
in
money
second
a
the
step,
V
•
it is-believed
company.
which
See
subsidiaries for
1408.
further
a
the
■;
203,628
July l, 1940.
This makes $773,000 of
retired.
further stated that since
Consolidated Electric & Gas
July 1, 1940, the company also has
Co.—V,
-
160, p. 1408.
Prudential Insurance Co. of America, Newark, N. J.—
V
Sayre MacLeod, Assistant" Secretary of the ordinary agencies de¬
partment, has been elected Second Vice President, and Supervisors
Charles G. Fleetwood and Norman R. Lemcke, of mortgage loan, have
named
Assistant Secretaries.—V.
Public Utility Engineering &
159,
p.
642.
!
:
;
Service Corp.—Output-
Electric
output of the operating companies served by this corpora¬
(formerly reported by Standard Gas & Electric Co.) for the week
Sept. 30, 1944, totaled 191,610,000 kwh., as compared with
190,862,000 kwh. for the corresponding week last year, an increase of
0.4%.—V. 160, p. 1442.
S
,■■■'
NOTE—For mechanical
development of its
have
s
•
will
;
>
•
.
-
,
announced that
a
hearing would be held on Oct, 16
at the Commission's Philadelphia office upon an application filed by
Hugh B. Baker, Henry C. JBrunic, Walter W. Colpitts, Joseph I. Lubin
and Walter S; Mack Jr.. trustees of the corporation,, for( an order
pursuant to Section,; 17 (b) of the .^yestgierit Comnany, Acf of ,1940
exempting from rfbe provisions -of Sectiop 17 (a) (2j,,tpf.;.the'
proposed purchase by Wilmer D. Hart, President and director, of
National
Brass
affiliated
Phoenix
&
Copper Co., Inc., and an affiliated person of an
within the purview of Section 17 (a) of the Act,
Securities
Corp.
of all
the latter's interest in National
person;
Brass & Copper Co.,
Inc., consisting of an unsecured note for $168,320,
preferred stock, and 2,250 shares of common stock
the outstanding stock of National Brass & Copper Co.,
sum of $50,000.—V. 160, p. 1408.
1,931 shares of 6%
(being all
Inc.) for
of
the
Pittsburgh Coal Co.—Preferred Dividend of $1—
The
directors
the 6%
,
facilitate future
Oct, 3
Sept.
on
29
declared
a
dividend
of $1
per
SEC, this company has arranged to purchase for 14.000 shares of 6%
preferred stock; par $25
each, the electric and water, properties
of California Public Service Co. at Willits
and Ft.
Bragg, Calif.
consumers are concerned,—V.
About
160, p. 1407.
1.
consider
corporation
"Pittsburgh
of
and
act
upon
on
amendment to
an
Oct.
16 for the
.
of in¬
the company
Coke
consider
&
Chemical
and
act
company,
Chicago.
In
,
Oct. 2 notified the United States District Court
on
,
Under
ahd
the
plan
Pullman
Co.
estimated
about $30,000,000 in cash
would be required for
the balance in equipment trust certificates
except the lightweight cars,
The company said it was
likely that "all or most" lightweight cars would be purchased by ihe
individual users.—V. 160. p. 1084.
\
all properties
Radiomarine Corp. of
upon
America—Coastal Radio Station
Resume Service—
to
licensed to
been
corporation, located at Port Arthur, Tex.,
operation with ships at sea by authority
resume
Communications
Federal
the
Commission,
according to Charles J.
Pannill, President.
:
Serving the Port Arthur area and the Gulf of Mexico, Station WPA
Will reopen in the near future, operating on both short and long
for marine communication.
It will be the
coastal stations, closed since the early days
sliip-to-shore radio teleghaph service as now
needed for the safety of men and Ships.
.
•
•
Last February Radiomarine resumed operation of WNY, New York,
and WOE, Lake Worth. Fla.; for commercial message traffic.—V. 160,
p. 1299.
:
channels
range
third
the articles
changing the name of the company to
Co.;"
an. amendment to the articles of in¬
corporation of the company modernizing and expanding the statement
of its purposes, and
'
3; To consider and act upon the question of increasing the author¬
2. To
headquarters
■.
of
Pittsburgh Coke & Iron Co., below.
To
Vice-President^of this
department
.
has
Pittsburgh Coke & Iron Co.—To Change Name—
Subject to approval of the" California Railioad Commission and the
always
share on
stock, payable Oct. 25 to holders of record Oct. 9.
were made on
April 25 and July 25, this year,
April 26 and Oct. 25, 1943,—V. 160, p. 988.
A special meeting of shareholders will be held
following purposes:
not
in Philadelphia, Pa., that it had elected to sell Its sleeping-car servic¬
ing business and retain its.; railroad car manufacturing business in
compliance with an anti-trust decree entered by the court last May 8.
The company will have one year in which to put the plan into effect
if it is approved by the court.
The plan is also subject to approval
by the ICC.
■ /"■
The plan proposes that the Pullman Co. sell its physical properties
to a new company to be organized and owned by the railroads with
the name, suggested by Pullman, Inc., of Railway-Pullman
^Sleeping
Car .Co.
:
V-;-'','''
;
Under the court's decree, which was entered, into the anti-trust suit
the Government filed July 12, 1940, became 'elfective ^ July'T7, last,
because neither the Government or' the Pullman group tool^An;5appeai
from the court's decree requiring. Pullman ;to dispose oX, either its
sleeoing-car servicing unit or its. manufacturing brattclf.
The
properties have a total' valuation of1 $81,325,222;'
Of this
amount, $42,168,551 consists of heavyweight standard cars, shops
and inventories.
The balance of $39,156,671 consists of lightweight
cars which would
be sold to the new company unless purchased by
individual user-railroads under their present contract options.
preferred
■.
'
operating
to
Pullman, Inc.—To Sell Car Unit—;. v.
distributions
Pittsburgh Coke & Chemical Co.—New NameSee
is
160, p. 1408.
Radio Station WPA of this
,
Pacific Gas & Electric Co.—Proposed
Acquisition—
Carry has been elected a
assignment
—V.
The corporation
Corp.—Hearing Oct. 16—
it
(The) Pullman Co.—New Vice-President—
James M.
with
Called—
been
reasons
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible*
order.
Communications
Phoenix Securities
and on
3,000 electric and 600 water
337,577
•
101,154
Applications with FCC—
called for redemption as of Nov, 1, 1944, out of
held in the sinking fund, $78,000 of outstanding first mortgage
sinking fund 6% gold bonds dated May 1, 1926, at 101 and interest.
Payment will be made at the office of the Pennsylvania Co. for Insur¬
ances on Lives and Granting Annuities, trustee, 15th and Chestnut Sts„
Philadelphia, Pa.—V. 160, p. 1299.
;
:
;
i
financing, -the management is -seeking a change in the 5% preferred
stock provisions giving holders the right to elect one-third of directors
With omission of four-quarterly dividends and to elect a majority ,of
the board With omission of six quarterly dividends.
The Preferred
would also be protected further
against dilution of assets.—V. 160,
■
990,032
168,438
49,516
211,992
"Changes-- in Personnel—
year.-
television research program which
since 1928, Philco has filed applications with the
Commission
for
permission to experiment
with television relays between Philadelphia and Washington, D. C.,
it was announced on Oct. 3 by John Ballantyne, President.
"For the past three years Philco has successfully operated a tele¬
vision relay between
New York and Philadelphia,'* Mr, Ballantyne
said."The applications that have just been filed with the FCC are
.for the purpose of continuing our experiments with relays in order
to run field tests where two or three relays are involved and to see
how television signals react under these conditions."—V. 160, p. 1299.
In
Similar
1083.
," 47.319 V
.
has been in progress
Federal
stock
p.
865,979
Portsmouth Gas Co.—Sale Approved—
been
moneys
30 declared
V The'
that
993,747
■
.
purchased $1,736,000 par value of its first mortgage bonds and $146,000
of bonds of the Pittsburgh Terminal Coal Co., which it bad guaranteed.
addition, the company has retired $992,000 of its equipment trust
certificates, bringing the total reduction in obligations ..during the
period to $3,647,000.—V. 160, p. 1408.
; :
; ;
160, p.
The SEC
at
*13,045
988,426
*9,736
.
railway—
notes
was
V.
Phoenix Iron Co.—$78,000 of Bonds
^:Pacifi6 .Finance Corp. of Calif6itnia-T-Plans Financing—-
Stockholders
v
43,639
23,223
ended
department.
broadcasting
to
quarterly dividend of $1 per
share on the common stock, no par value, payable Nov. 1 to holders
of record Oct. 20.
A similar distribution was made on May
1 and
Aug. 1, this year, as compared with $1.25 paid on Jan. 26, 1944.
Pay¬
ments in 1943 were as follows: Jan. 25, $1.25; and May 1, Aug. 2 and
Nov. 1, $1 each.—V. 160, p. 121.
Sept.
on
1941
' $147,459
970
In
$2.42
$2.77
$2.61
charged
$1 Dividend—
directors
1942
$120,500
tion
There
The
-Earnings-
1943,
$138,317
35,174
21,831
1,973
secured notes which were issued
:
Earnings
'
Pittsburgh & West Virginia Ry.—Retires RFC Notes—
Sept. 23, 1944, amounted to 128,562,000! kwh., an increase
7,834,000 kwh., or 6.5% over the corresponding week of ■ 1943.—
Philco Corp.—Files
Other
120,786
78,396
casting net profit, after deprec.__
:-a
192,007
The company on Sept, 28 announced that it has
purchased from the
Reconstruction 'Finance Corporation and retired $443,000 of its own 4%
subsidiaries for the
increase
1944, amounted to 126,894,000 kwh,, an
or 5%
over the corresponding week last
30,
6,044,000
Income fr. leased depts. and broad¬
Total gross profit——-——
Operating and general expenses
fDepreciation and amortization—
railway—
from railway—-—.-
of
1942
1943
1944
July 31—
<;
1944
ry. oper. income—
*52,301
Deficit.—V. 160. p. 1022.
week ended
6 Months Ended
292,022
241,867
on
week ended Sept.
of
Net
*
Philadelphia Electric Co.—Weekly Output—
The
655,241
170,522
$104,574
ry.'oper. income
Net
Sept. 26 approved joint applications filed by Pennsyl¬
vania Gas & Electric Corp. and two of its subsidiaries, Petersburg &
Hopewell Gas Co. and Old Dominion Gas & Electric Corp, regarding
(1)
the donation by Pennsylvania to Petersburg of all the capital
stock (5,000 shares) of Old Dominion and the open account indebted¬
ness
of $132,000 owed to Pennsylvania by Old Dominion;
(2) the
acquisition by Petersburg of the assets and assumption by it of the
liabilities of Old Dominion in connection with the liquidation and
dissolution of Old Dominion; (3) the issuance and sale," by Petersburg
at private sale to John Hancock Mutual Life Insurance Co. at 100 of
$200,000 first mortgage bonds, series A, bearing interest at the rate
of 3j/4%
per annum and maturing Sept. 1, 1969; (4) the use of the
net proceeds of such bonds by Petersburg for (a)
redemption of all
of its outstanding 6%
cumulative preferred stock consisting of 1,493
shares ($100 par) at $105 per share and (b) construction of additions
and improvements to
its utility plant; (5) the amendment to the
charter of Petersburg to eliminate any authorized preferred stock and
to provide for a single class of common ' stock consisting of 55,000
shares
($10 par),
such new stock to be issued by Petersburg to
Pennsylvania ,in exchange for the 5,500 shares of Petersburg's common
stock ($100 par) now owned by Pennsylvania.—V. 160, p. 836.
The SEC
17,929
813,825
!
1
,
:
'
Net
29,134
26,029
235,996
230,819
166,492
:■
-v.
From Jan, 1—
Bonds Privately—
955,350
Gross from railway—™
988.
p.
1,040,861
$91,146
33,746
Pittsburg Sliawmut & Northern RR.
August—
v
Gross, from
approxi¬
would be
618,674
8,809,790
railway—.
Net
1
■
and
bonds
B
■
1941
$1. 228,638
9,002,493
3,042,776
1,446,650
981,247
1942
$1,361,775
From Jan. 1—
Gross from
Net from
En|onds"
1943
24,866
-1941
$114,286.
47,554
'■
railway——
Net from railway—
$1,938,246
.1,035,838
717,632
1944
$1,827,926
railway,
•Net from railway^,--.^
Gross from
1942
1943
25,060
Gross from
Pennsylvania-Reading Seashore Lines—Earnings-
Co.-—Calls Bds.
Oregon-Washington RR. & Navigation
••
.
$136,760
income—
From Jan. 1—
Ail of the outstanding first and refunding mortgage 4%. bonds, .series
B, due Jan. 1, 1961, have been called for redemption on Jan. 1,
next, at 105 and interest.
Payment of the series A bonds will Pe made
•at the City-Bank Farmers Trust Co.,
trustee, 22 William St.,: New
York, N. Y., and of the series B bonds either at said office or at.. tne
NationalCity Bank of New York, 117 Old Broad St., B.C.2, London,
increase in authorized indebtedness
$141,769
32,388
from railway—
,
■A and
an
1944
from
Net
which is to be dis-
Inc.,
purposes, exclusive of current needs,
obtained without, the delay inherent in
be
then
Pittsburg & Shawmut RR.—Earnings-
will acquire 1,873 shares (the remaining 2,287 shares
outstanding are held by the Chinese Government) from Pan American
Airways, Inc., a subsidiary, which in turn will acquire direct ownership
from
could
securing shareholder approval of
at that time,"—V. 160, p.: J.083.
to acquire directly
holds indirectly,
The corporation
for other corporate
program or
such
funds
Aeronautics Board on1 Oct. 2 authorized this corporation
stock in China National Aviation Corp., which it now
Control of CNAC is divided between Pan American
Civil
The
Monday, October 9,1944
of
the
of
12
allocated
Radiomarine
to
war,
resume
,
.
.
Pennsylvania RR.—Earnings of
August—
1944
Company Only—
1943
1942
ized indebtedness of the company to $10,000,000.
railway- $89,315,259 $88,413,643 $76,947,112 $56,621,217
railway———
26,708,439
36,889,110
28,611,345
17,127,604
Net ry. oper. income..™
10,108,054
18,940,176
15,543,776
10,326,497
Net
from
From Jan. 1—
Earnings of Regional System—
(Excludes L. I. RR. and B. & E. RR.)
Period End. Aug.. 31—
1944—Month—1943
$
,Ry.
89,534,193
oper. revenues
Maint. of way & struct.
10,458,759
Maint.
16,711,701
equipment-—
1,043,823
expenses
Transportation
Miscell.
expenses
operations
General
31,787,104
1,345,056
;
1,506,921
oper.
26,680,829
Railway taxes
Unemploy. insur. taxes-
13,027,000
Net
expenses
fr.
rev.
ry.
BR. retirement taxes
'Equip,
Jt.
rents—Dr bai.™
facil.
Net
ry,
—V, 160,
rents—Dr
oper.'
p.
809,705
978,202
1,059,597
520,184
548,357
734,607
10,063,369
1191,
;
$
8,293, 235
7 ,523,267
36,947,105 182,730,520 213,088,811
15,145,166- 79,046,000
94,164,096
1,099,856
income
$
26,684,050 259,708, 882 229 ,520,899
1,178,308
9 ,627,838
10,623, 211
10 ,237,114
1,093,349
11,624, 713
1,235,813
bal.
1944- -8 Mos.- -1943
88,622,296 679(588, 375 644 ,485,032
8,934,350.
67 ,810,679
78,933, 202
12,875,429 127,674, 612 106 ,676,424
231,899,
18,983,884
8,636,525
,
9,364,548;
6,439,333
.2,102,492
77,141,622
7,517,143
8,144,028
5,326,339
•
1,669,738
96,267,467
transferred
the
on
shall not be .entitled to
There
of
railway—„ 678,185,898 643.249,761 531,581,987 390,058,958
Net from railway—^183,464,256 212,988.889 170,583,455 110.039,128
Net ry. oper. income—
77,994,108
96,263,623
78,921,936
62,778,070
of
are
V
.
Gross from
Traffic
shall be entitled to vote
are
common
meeting.
Oct. 5, 1944,
Transferees of shares which
on
books of the company subsequent
notice of or
to vote
at the
to such date
meeing.
23,169 shares of $5 preferred stock and 605,114.34
stock
outstanding
pany's treasury). %
T. W.
at the
(exclusive of shares
'
Kirkpatrick, Secretary,
Raytheon Mfgr. Co.—Merger Status Dormant-
,
Only shareholders of record at the close of business
1941
Gross from
held
in the
shares
com¬
on
Oct.
3
issued
a
Sept, 29 stated in part as follows:
"The existing statement of
purposes in the company's articles of
incorporation has not been changed since 1928,: and it is now desired
that the statement of purposes be expanded and modernized in order
more accurately to reflect the business done
by the company and in
order to permit the normal
development of the company's activities
along existing and allied lines,
on
"Under an authorized indebtedness of $9,000,000
approved by share¬
holders of the company on Feb. 23.
1937, the company has a presently
joint
ports that negotiations were in progress for a merger of the two com¬
panies.
Laurence K. Marshall, President of Raytheon,. and Malcom
S. Clark, President of Federal. Machine, stated that the published, re¬
ports were without the knowledge or approval of the'management of
either company.
■
Federal Machine & Welder Co.
statement designed to clarify published re¬
officials of this company and of the
-
>
-
;
*
discussions concerning a possible mer¬
two, companies several months ago," the joint, stater
no agreement as to terms was reached after it was
established that the tentative proposal of two shares of Federal for
one
share of Raytheon was impractical.
The current status, may be
described as dormant or in suspense and, while the original factors mo¬
VActually,. there were tentative
ger between the
ment said, "but
tivating the consideration of a merger remained unchanged, there was
basis in fact for the statement -that negotiations are continuing or
no
pending."—V.
158,
p.
1942.
authorized bonded debt
of'$6,000,000 against which $5,000,000 of first
mortgage-bonds have already been issued, including in said amount
$1,420,000 of bonds subsequently redeemed up to Aug. 31, 1944, through
the operation of the
sinking fund.
"The company has no present
plans or immediate need for ad¬
ditional funds, but the board believes that the authorized indebtedness
of the company should "be increased so that the
company may hence¬
forth be authorized to incur indebtedness
up to. $10,000,000 outstanding
at any one time, exclusive of indebtedness incurred for current needs,
Rensselaer & Saratoga RR.—To Vote on
Merger—
The stockholders will meet Nov. 8 to vote on a merger of this
com¬
with those of the lessor, Delaware 8c Hudson RR. Corp.
Plans
agreed upon by company officials last May and approved in September
by the ICC call for *a new issue of $8,729,200 Rensselaer &- Saratoga
general mortgage bonds, due in 1975, to be exchanged by Delaware &
Hudson for- an equal amount of $100 par value R. & S, stock now held
pany
fore recommends the authorization of this increase of indebtedness at
the present time since if the end should arise in the future
whereby the
Dividends On this stock are 6%.
Interest rate on the
4.7% for the first two years, while accumulated: Fed¬
after, which the rate would
rise to 5.5%.
Under the merger agreement, D. & H. would meet prin¬
cipal interest and; sinking fund payments on the new issue and, in
addition, would assume obligation for $1,852,000 of R. & S, first mort¬
company
gage
not requiring
authority from the. shareholders. The board is mindful
present conditions and of post-war possibilities and believes, that
the company should be in a position to take
quick and decisive action
if and when conditions render such action advisable.
The board there¬
"of
may
require
additional funds
for
additions
to
its
chemical
by the public.
bonds
would be
eral income
taxes of R. & S. are paid off,
4s now held by the public.
See V. 160, p. 1300,
1531
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4323
Volume 160
>
Engineer of this
Chief, Commercial Project
Spencer; Assistant
H.
P.
-
Manhattan
amphi¬
and
the New York Board of Trade,
has made a proposal for the establishing in
skyports to provide parking space and service facilities for
bians, seaplanes and helicopters.
This proposal has been endorsed
corporation,
of
the Aviation Section of
■
■ v.. A
a ■1
• ;■'
sponsored by
Inc.','
•
.
.
of the Avia¬
demand for
making this announcement, John P. Budd, Chairman
said:
"The immediate post-war future will
In
Section,
tion
:
-
had to be
follow¬
and vast
lack of
adequate planning for the surface motor vehicle. With acceleration of
air traffic from experience of this war and the certain forthcoming
widespread use of private planes, the city is urged to immediately plan
private airplane owner and user, the same facilities as
provided for the automobilist when the auto reached its heyday
ing World War L
Highway traffic congestion, loss of time
waste of money which occurred in every city resulted from a
the
Asked how
V
facilities."
these
provide
and
railway
Co.—Resumes Common
Dividend
Co.—Gets $25,000,000
Reynolds Metals
Credit—"
$25,000,000 regulation VT credit through
for a group of banks to
provide or replenish working capital for war production and war con-,
tract termination purposes.
The credit carries
interest.
Other banks participating in the VT loan are:
Bank of America,
Los Angeles
Branch, Los Angeles, Calif.; National Bank of Detroit,
Detroit, Mich.; Citizens and Southern National Bank, Atlanta, Ga.; the
Fifth Third Union Trust
Co., Cincinnati, O.; 'Barclay-Westmoreland
has arranged a
of Manhattan
Bank
Company as agent :
ville,
and First
Mo.,
(John A.)
160,
income—
131,301
68,816
11,085,402
6,049,345
1,927,145
7,749,557
3,438,806
5,098,348
1.802,343
1,266,646
Period End. Aug;
Total
Maint.
of
equipment-!-
Other
income
Other
i.—
inc.—
Deductions from
$1,523,072
3,946
,
—
Tool Co., Lafayette,
A;AA.""..:/A'y
1944
rftllway-iw $10,089,526
from railway
w
3,286,664
ry. oper. income—
1,418,420
Net
Net
bond interest on the Fort Scott.
solidated bonds in an aggregate
;
■
. A,
/A"
•- - ■ A.
Account, Years Ended Nov. 30
AN
'
1943
.
.
$125.29; Frisco prior lien, series
undecided; Frisco consolidated,
V.
income
Sheet,
Balance
Land,
Nov.
■
u-..—y:,A 123,613
facilities
/ '
charges
tax
refund—!
Government
securities-
Excess
profits
Cash
U,
2,475
6,475
relief fund (contra)___
Gear
Deferred
S.
——
Treasury
lJi '
"
21,873 '
87,341
590,780
585,739
—
S.
tax notes—
Accounts receivable (less reserve)—
Inventories (lower cost or market)———^
U.
1
4,245
A/.
;
—:
(cost less amortization)
Miscellaneous receivables
Patents
Ross
A"$662,977
-—•
449,219
759,877
stock
Reserve for
for
Accounts
^
—
Ross
Gear,relief fund
war
(contra)
contingencies—
payable
Total
loss
—
___
—
surplus-—,
.
♦Represented
2,830,920
1,455,681 A,
705,034 !■
.
.
' 1.236,029
,822,630' 526,170 -
,-376,688
-97.234
Uvalde & Gulf RR.—Earnings1942
1943
1941
1944
$314,411
$287,409
54,443
119,844
1,759
24,527
$208,206
59.851
20,504
railway—
1,854,194
48,839
Net ry. oper. income— >
'•'•382,830
♦Deficit.—V. 160. p. 1023,
1,712,754
1,170,320
railway—:—
434,240
98.078
59,883
♦229,542
♦194,953
Gross
railway-—
railway—'—
from
Net
426,429
518,576
302,400
497,451
655,156
from
Net
12,645
17,529
6,475
ry. - oper.
income:—.
Net
from
from
$127,132
11,979
.
From Jan. 1—
Gross
27,658
♦21,271
902,953
-
.
no
U. S. Treasury tax notes.—V.
_
par
shares,
148, p. 2913.
•
Sanford
(Me.) Mills —Change in Control-
6,400
Savoy Plaza,
—
44,913
1794,600
144,014
129,750
676,471
$3,241,851*
"fAfter deducting $200,400/
p.
Northern RR., and East & West
a
Inc.—New York Group
Acquires Securs.
Marston,
group
Interest on Income
dated
.
'
There
Sept.
exists
"ava ilable
for
Bonds—A. M. Howard, in a
states:
30,
the
culation of "available
report
.
period
from
net income'-' of $665,953 as
Aug. ,1, 1943, to July 31, 1944,is shown bv the statement of cal¬
net income" as defined
41,492,630
10,654,239
6,845,216
Railway is a new company organized Jan. 26, 1944,of Virginia, and will be the successor to Seaboard Air
through reorganization,
./•
Seaboard
laws
the
under
Railway,
Line
purchase by Seaboard Railway Co.
Florida Railway, Florida Western
Coast Railway.
Sisters of St. Joseph of the Diocese of Peter¬
(Ontario, Canada)—To Redeem $240,000 of
(The)
borough
$240,000 outstanding 4Va% bonds dated July 2. 1935. and
semi-annually to and including July 2. 1955, have been called
as'of Jan. 2/1945, at 101 and interest. APajunent will
made at The Royal Bank of Canada, in the City, of North Bay. or
any of its branches in the Province of Ontario, or at any of the
All of the
due
for
be
at
redemption
of
branches
Provinciale
A/'A-A'-AA.
Banque
La
Quebec. / 'A,A A
650
South
Offer
Canada in
du
■
Grand Building Co., Los
Made
Company's
for
Capital
the Province of
..■'('V*
A, 'A
Angeles, Calif.—
Stock—Financial
:A;A ■/,a v,
' A',.\v"a.a.
The voting trustees under the voting trust agreement dated Aug. 1,
1936, on Sept. 22 announced that' the capital stock of this company
will be sold pursuant to an offer made by the owners of the ground
lease for the. sum of $12,900, unless on or before Nov, 2, 1944, dissentsto such sale are filed with the Title Insurance & Trust Co,, depositary
and agent, 433 South Spring St., Los Angeles, Calif., by the holders
of participating certificates
representing 50% or more in amount of
the issued capital stock of the company.
This sum, the .voting trus¬
tees stated, would permit a distribution to the holders of the partici¬
pating certificates equal to $2 per share unless unforeseen expenses
arise which would have to be deducted from the proceeds of the sale,
in which event the amount distributable to the holders of the partici¬
pating certificates would be reduced accordingly.
The reason given by
the ground owners for making this offer is quoted from their proposal,
as
follows:
"In order not to embarrass the lessee company with in¬
Statement—
/
,;AA
'a
; ■
.
and in order to save themselves (ground owners)
of pursuing such proceedings, and quieting their title ^
termination of the lease." Should insufficient dissents be filed,
the voting trustees will accordingly consummate the sale of the stock.
The voting trustees state that they "believe resistance to any action
on
the part of the ground owners to terminate the ground lease and
repossess the property would serve rio useful purpose, and that if the
ground owners pursue their present course the property will ultimately
be lost, in1'.which evepl; ,(he holders of - participating,, pertificates- w'puld
receive nothing."
"
A
A1'
'
' " ;
;
At July 31, 1944, there were issued and outstanding 6,450 shares
of $10 par value each.
'A'
The voting trustees in their letter to holders of participating cer¬
tificates further went on to say in part;
A
A. A notice of default has been served on this company by the lessors
under the company's ground lease covering the Quinby Building prop¬
erty, declaring a default in the payment of ground rent in the amount
of $23,500 and making a demand for payment of the same.
This no¬
tice was served on the company on Sept. 8, 1944, and unless the de¬
faults are cured within 50 days from and after the service of such no¬
tice the ground owners have evidenced their intention of taking legal
action to terminate the ground lease and repossess the property.
The company does not own the fee title to the Quinby Building, but
has only a leasehold interest in the property under the terms of a
the
expenses:
"upon
ground lease which extends to Dec. 31-, 2012, which
a .fixed
monthly rental of $3,600, plus the cost of
on
both the land and theAbuilding . The income
471.
Chairman of the Board of Directors, reports
including the management of the company has acquired
from Chicago interests, approximately $1,500,000 income bonds (3 rio to
6%), 1956, and 18,000 shares of class A common stock (par $1).
. .
S.
Hunter
that
767,911
72.007
,129,750
624,389
Worsted Co., above,—V, 160,
Goodall
See
269,179
$3,294,615
__
by, 144,014
."
1,966,348
1084.
p.
San Antonio
6.400
125,000
249,355
-
•
surplus
and
160.
53,814
119,400
103,242
$1,248,126
——_.
payable
2,766,106
railway^A---*>'' -1,276,265
income—':*: • 315,518
oper.
August—
—
$1,248,126
—
reserve
Dividends
•
—
——
Accruals
Capital
1
5,854
$3,241,851
.
i' . '
Liabilities—
Reserve
ry.
—V,
205,428
19,384,071
solvency proceedings,
A
$307,747. ./ .$197,558
157,312
86.982
$365,819
from railway.—
from'
Net
$744,310
55,100
$3,294,615
♦Capital
Profit
Gross
;
1941
/
.
'A
AA
1942
1943
oper.
From Jan. 1—
1942
$42.68.-—
/.A:V.,A
railway—
railway—165,187
income—
41,825
from
Net ry.
series E,
A, $36.05; series B, $38.42;
series A, $38.80; series B,
../'/ "/
■
1944
$363,643
from
Gross
Net
v:.
-
$12,500,000.
denoting the actual contem¬
t
Total
Tax
A
;
.
August—
Net
etc,'
buildings,'
Emergency
Goodwill
:
30
>?L,,1943
"
Assets—
■
trustee to pay overdue
Frisco prior lien and the Frisco con-r
Francisco & Texas Ry;- -Earnings—■
St. Louis San
—-
surplus in 1943.
V-AA/:
1084.
160,. p.
1942
.
$276,840
$475,454
Dividends
201,620
273,627
Balance after dividends-.—----—.-^—75,220
201,827
Income accounts for 1943 and 1942 are subject to adjustments for
renegotiation of war contracts.
Renegotiation proceedings for 1942
resulted in a net cost of $127,301, which was deducted from earned
Net
'/a-;.-:- a;,Av
St. Louis, by the bond¬
.
.A A; ''A-
26,202,151
Bonds—
plated payment as counsel for the trustee explained that certain par¬
ticulars
in
connection
with some pledged .bonds are still being
ironed out. ■ - A." -.
'
''-A1 - A A.
'•
1
A-." .'A'-A.
However, this matter will be included in the order to be presented to
Judge George H. Moore for action at a hearing scheduled Jor Oct. 10.
Meantime, counsel for the trustee stated a tentative proposal recom¬
mends
the following
disbursements per $1,000 bond:. Fort Scott,
coaches,
self-propelled
Income
A",-
amount of approximately
petition contained no. specific figures
The
equipment including passenger cars, trucks, buses, trolley
tractors, fire apparatus, boats, tanks, jeeps,
road rollers and other forms of automotive vehicles. . Cur¬
rently most of the company's production is concentrated on filling war
orders.
the
&
•' ; • V,'J
A'
Only)
petition has been filed in. Federal Court,
holders' committee for authority to permit the
combines,
production
Sept. 30 approved the
properties of the Seaboard-All
of
1943
1942
1941 A$9,541,152 $7,749,514 $5,045,143
3,690,060
2,948,573
1,515,155
2,220,349 ;. 2,507,749
1,241,701
;(-i.r
A A"A
Ay ■.
A
and has specialized in
taxicabs,
.A :A<--; A'
67,507,291
Acquisition Approved—
a
-
known as the "Ross Cam and Lever
Company furnishes steering gears to manufacturers
of
■
Interest—-
manufacture of steering gears
Steering Gears."
136.433
1—A'APA^'A'-Ahr
railway_-A_'r,76.509;862:f 69,649,425 51,250,216 37,656,970
Net 'from railway.—'• 23,698,752
24,674,547 ' 16,394,698 10,078,846
Net ry. oper. income
10,746,766 15,322,441 13,222,716
7,458,806
Bondholders Ask Court to Allow Payment of Overdue
From Jap'.
Registrar, First National Bank of Chicago.
v.
part of a block of 46,869 shares formerly owned by
the Purdue Research Foundation,
5,000 shares of which have been
sold to individuals connected with the company's management, the
remaining having been purchased by the bankers at $18.50 per share.
organized in Indiana in 1906.
16,293,874
Gros? from
These shares are
was
3,806,345
$1,519,128
from
Gross
Chicago.
Company
95.073,116 92,226,017
Net from railway—"1 36,424,608
41,681,538
Net ry. oper. income
lS.lSS.SSO^ 23,778,214
22,479.221
2,898,807
$4,956,144
.1.154,221
808,551
-A/.;
1—AA A'A'AA/railway—
from
Gross
$2,373,159 $11,516,383 $16,430,307
5,071
37,947 ; A
39,84.9
(Earnings of Company
/A-
Ind.—Stock Offered
—An issue of 41,869 shares of capital stock (no par)
was recently offered at $20 per share by Kiser, Cohn &
Shumaker, Inc., Indianapolis; R. M. Mayerstein » Co.,
Lafayette, Ind., and City Securities Corp., Indianapolis.
The stock, offered to residents of Indiana only, does not
represent new financing. v; •'aa,.a: /;'
A:'/:
Capital: authorized, 150,000 shares; outstanding; 144,014 shares.
Transfer agent,
Continental Illinois National Bank & Trust Co. of
the
14,664
,
1941'.
1942
'
2,202,775
1,758,966
income-.
oper.
From Jan.
$2,368,128 $11,478,435 $16,390,458
n+After deductions of $1,481,000 in August, 1944 (1943, $1,004,634) ^
and $9,930,239 in period Jan. 1 to Aug. 31, 1944 (1943, $6,061,879)
for estimated income taxes..\
■
' ■
■
/•.
a;
;■
charges
August—
Ross Gear &
\
ry.
'
AAThe
(Balance available for
.
:.-'4.
38,092
;
$11,091,811 $10,565,264 $10,024,401
3,807,649
4,615,776
4,654,670
railway—:—
from
Net
1943
-1944
A/.' A.-
•
railway—
from
The ICC on
succeeding
H. Dyett
R. Fraser, Secretary, has'been elected President,
H. T. Dyett, who has been elected Chairman of the board.
J.
succeeded Mr. Fraser as Secretary.—V. 160, p. 669.
A A'A
: 486,578
2 358,635
,1,484,980f <
„———
income
Total
fixed
D.
2 932,054
,
554.597
Net, ry. oper. income-—'
,
Corp.—Changes in Personnel— r ••:
Rome Cable
v
.'/; A.
3,231,880
—
expenses
August—
Gross
Net
12,305,627
14,398,966
25,352,376
4,306,189
11,282,893
" 233,490
1 604,247
1,902,596
:.r-'"A'A;
Seaboard Air Line Ry.—Earnings—
1944—8 Mos;—1943
way
M.
Secretary.—V. 157, p. 997.
as
1944—Month
31—
of
Sperry,
P,
Sept. 12.—V. 160, p. 571. .'A ■
pany on
Francisco Ry.— Earnings of System—
Maint.
President—
Executive Vice-President, has been elected
President to succeed John H. Goss, who resigned as President and
General Manager after completing 50 years of service with the com¬
revenues'— $10,582,884 $10 ,004,185 $80,239,314 $73,251,655
,036,451
10,690,873
8,144,079
1,374.130
& struc.
oper.
Oct. 1, 1956, $7,000,000; reserve for replacement of
equipment, $3,450; class "A" common stock (par $1),
"B" common stock (par $1), $27,350 capital surplus,
'earned
deficit,
$2,354,134;
total,
$13,663,922.-^-V. 160,
due
Scovill Mfg. Co.—New
Co.-—Earnings—
-1943
$47,934;
1443.
p.
1
St. Louis-San
accrued expenses, $84,976;
credit balances in accounts re¬
$75,824;
payable,
payable,
class
$82,050;
a
1944—12 Mos.—1943
$268,914
$892,487
Federal taxes.—V. 160, p. 1300. ;AaAAA;
charges and
♦After
194+
conditioning
air
1944—Month—1943
$17,361
$73,390
31—
——
31,
.
Leavenworth
Public Service
income
bonds,
come
1023.
St. Louis
At July
$25,655;
$4,769,907;
2,285,535
As
accounts
"available net income" toward payment of interest
due Oct. 1, 1944, on income bonds, $665,953; cumulative interest at 3Vo>
on
income bonds dated Oct. 1, 1936, $832,047; unearned income—busi¬
ness rentals received in advance, $2,917; first mortgage, $2,400,000; in¬
103,204
215,362
p.
Sheet
$805,849;
and
accrued
ceivable,
$510,119
6,486,049
: $2,354,134
1944.
31,
Liabilities—Accounts
.
taxes
1941
1942
■2,702,780
$2,354,134
social security taxes of $10,214 and $41,818, respectively.
of "available net income" as defined in the deed of trust.
July
.
378,668
oper,
ry.
—V.
Roebling, now serving abroad with the United
States Army Air Force, has been elected as Chairman of the board.
Lieut. Roebling had been First Vice-President since 1936.
Archibald W. Brown has been elected Treasurer, and H. D. Bathbun
Joseph
Lieut,
in
SEC
the
282,248
$348,652
2,399,597
A
Aj 70,761
$45,463
'
^
receivable, $115,182; notes receiv¬
able, $605; inventories, $134,836; investment in United States Treasury
% % certificates (at cost), $30,000; other investments (nominal value),
$1: other inventories, $50,993; prepaid and deferred charges, $20,949;
interest reserve fund, $2,374; fixed assets
(net), $12,503,131; total,
$13,663,922.
" A.,
A;.;A.
'
.
J;
v. A;
'■ ■
•: ,,
It is indicated that the shares
share.
v: A;'A .A
$884,390
1,751,552
Roebling Sons' Co. (N. J.)—New Pres., Etc.
President, to succeed the
$630,900
dcpreciation_-(_^V-„-
Balance
1943
income---
Net
William A. Anderson.
$116,223
before
Assets—Cash,
A
1390.
$1,229,714
538,973
176,455
13,328.977
Roebling Tyson has been elected
Charles
210,000
♦Including
1944
.Transport, expenses
late
123,125
52,500
(Payable out
479,828
railway—
Net from railway——
y ■'
30,000
bonds
income
profit
Deficit
$1,365,958
A;.
Period End. Aug.
a-
first mortgage————
on
profit:-———
Deficit—beginning of period-^!--!,-.—
225,816
registered in the regional office of
of common stock (par $10).
from
♦Net
-v" a a-a:.: ■ :a
V-
7,455
$964,025
.
From Jan. 1—
Gross
to
•
1,710
.Net
railway—-
from
from
Net ry. oper.
Mexico City—
.Aa/A:. a a.:'
Net
$956,569
$198,723
Depreciation
railway-
August—
Net
that prime
*,
1944
151,388
$197,013
int. & depreciation.
before
income
(Interest
Brownsville & Mexico Ry.- -Earnings-
St. Louis
A
of
1300.
159, p.
Blyth & Co., Inc., is the underwriter.
are to be offered to the public at $16 a
has been authorized by the Mexican Government
erect a $560,000 tin foil plant in Mexico City:
This action is being
taken on the recommendation of the Mexican-American Commission for
Economic Cooperation,, it was announced in Mexico City.
Output
the plant will be 6,000,000 pounds annually which represents the ap¬
proximate consumption of foil in Mexico.
It is anticipated
materials for the plant's operation will be obtained locally.—V. 160,'
p.
Net
Foods, Inc.- -Registers with SEC—
has
company
Gross
company
the purpose.—V.
for
provided
327,150
12,767
income—.—
Other income—cash discounts, etc
Interest on
•
80,910
A.
—
operating
Net
2.480,658
288,490
150,334
—^
505,749
$3,376,511
2,041,403
estate, taxes
♦Other taxes
iV
;
Yr. Ended
July 31,'44
$796,439
Operating revenue ■
—
Operating & Gen. & admin, exps,-——
Francisco 75.000 shares
San
be put in operation.
v
;
The cars are
to Mr. Burnett, to the Association of
American Railway's specifications.
They have been sold in lots of
10 each to the Rock Island, the Alton and the Minneapolis & St. Louis
roads.
They are expected to be in operation by Dec. 15.
;
The
AA>.
contingencies
for
S and W Fine
National Bank, St. Louis, Mo.
To Build Plant in
(Deficit)
July 31,'44
Period—
Real
Government is provided which amounts to $73,000 net after
credits are deducted.
The $73,000 has been charged to contingency
The
box cars ever to
built, according
!
Earned Surplus
Income and
Statement of
the
reserve
Three Railroads—
Thirty aluminum box cars, 20 of them designed for operation in regu¬
lar passenger trains, have been sold by this company, it was announced
by John W. Burnett, head of the railway division.
They will be the
first aluminum
54,324
profit'
Net
tax
Aluminum Box Cars To
Sells 30
the next succeeding income period.
be carried over to
to
Condensed
$348,152
Earnings per 'common share_„_v(---C—' 1
$0.79
Corporation has concluded a renegotiation settlement for the fiscal
year ended Oct. 31. 1943, under which an aggregate refund of $369,000
■'
to
Philadel¬
phia, Pa.; Colonial Trust Co., Pittsburgh, Pa.; Peoples Pittsburgh Trust •
Co., Pittsburgh, Pa.; Central National Bank, Richmond,' Va.; First &
Merchants National Bank, Richmond, Va.; State-Planters Bank & Trust
Co., Richmond, Va.; the Boatmen's National Bank of St,'Louis, St.
Louis,
41,029
Earnings for Six Months Ended June 30,
Provision
the Louisville
Ky.;
1944., (For further details see V, 160, p. 1443.)
foregoing there are. no amounts to be paid or set
payment of the items enumerated in Section 5 of Article
of the deed of trust, except the setting aside of $3,328 as an interest
II
Profit' before taxes and contingencies—$2,083,563
Provision for Federal income taxes
—
1,509,595
Louis¬
Greensburg, Fa.; Liberty National Bank & Trust Co.,
Lincoln Bank & Trust Co., Louisville, Ky.;
Trust Co., Louisville, Ky.; the Philadelphia National Bank,(
Trust Co.,
13,114
AA
A A:
1—
;;
on
The company
the
the
than
.
for the
reserve
i
Sept. 26 declared a dividend of 3 cents per share
on
the common stock, par $1, payable Nov, 15 to holders of recordNov, 1;
A similar distribution was made on this issue on March 20,
1942; none since.—V. 160, p. 1231.
,A A-/ '.A'".'/.
directors
Sept. 20,
on
a
$665,000 to
of
sum
Other
aside
Aeronautical Co. (& Subs.)—Earnings—
Ryan
Republic Petroleum
$377,298
76,048
;Mi. <" : -v-'
Gross from railway
3,320,003
3,010,3)2
2,810,146
Net from railway
198,050
314,243
510,458
Net ry. oper. income—
854 ,
168,008
369,092
—V. 160, p. 1023.
-AA./AAA'
A : A,:
:■>: '/.A V
are
The
the
ness
1941
$344,176
58.321
41,764
1942
1943
$419,440
60,749
income—A
oper,
From Jan.
25 to 30 patrons
planes, but that
helicopters that
coming into production now for post-war delivery, a very large
patronage is in prospect.—V. 160, p. 1300.
. V
, ■: >
.
railway—
from
from
Net ry.
small
the
reserve
paid on Oct. 1, 1944, on account of accumulated inter¬
bondholders of record at the close of busi¬
be
will
There
est
.
1944
$454,141
42,614
August—
Gross
Net
used the Wall
with
"interest
year, provides
interest distribution!
1
Rutland RR.—Earnings—
Mr. Spencer said that before the war some
Street skyport daily; landing from large
low-priced amphibians, seaplanes and
if provided,
the
to
preceding
3 Mos. End,
such facilities
would be likely to use
plane owners
many
■
added
.Shell Oil Co., Inc.', has leased 201,388 acres of land from John L.
Roper Lumber Co.-and Norfolk-Southern Land Co., wholly-owned sub¬
sidiaries of Roper Realization Co., Inc., of Norfolk, Va., it is stated.
The leases are for a primary term of 10 years and so long thereafter
as oil or gas Is produced.
In a letter to stockholders, Harold Palmer,
President, states "your
management has no knowledge or opinion whatsoever as to the chances
of oil being discovered in this territory.
Under no circumstances is
this letter to be considered as holding out any hope that oil will be
discovered on our lands or in the area.')—V,, 155, p. 542.
the income bonds.
That amount, when
fund" of $2,374 carried over from the
total of $668,328 available for this year's
the Deed of Trust securing
of
Realization Co., Inc.—Land Lease—
Roper
Republic Aviation Corp.—Proposal Endorsed—-
in Section 1 of Article II
lease provides'for
all property taxes
derived from the
operation of the Quinby Building in recent years has been insufficient
to pay operating expenses, taxes, insurance, and to meet the ground
rent payments due under this ground lease.
The ground rent in de¬
fault
as
at Jan. 31,
1944,
amounted to $25,200.
required to assume this ground rent obligation
reorganization was consummated on July 31, 1936,
under which participating
certificates representing the capital stock
of 650 South Grand Building Co.-were issued to the holders of the
-
The
when
company
the
plan
was
of
original first mortgage fee and leasehold 6% bonds 6f
Grand Avenue Building
Co. in exchange therefor.
owners
of
the ground
lease have
the Seventh and
Since then the
concessions In
refused to make any
THE COMMERCIAL & FINANCIAL CHRONICLE
1532
its
terms
•without
and
result your company has
a
as
relief
during
been obligated to operate
depression under the burden of exces-
of
years
Southern Union Gas Co,—SEC
The
,
rent.
After approaching the owners of the lease on fre-„
quent occasions relative to an adjustment'of the ground rental, in
August,, 1942, a tentative agreement was reached by which, for the re¬
maining life of the ground lease, the ground rent would,be reduced
Trorn $3,600 per month to a fixed minimum of $3,00.0 per month, with
the understanding that the company would pay as additional rent, over •
and above the fixed minimum, a sum equal to 50% of it's net operating ;
income.. However, pending completion of this agreement, the company,
suffered additional losses in revenue and it became apparent that .the
ftive
ground
the
of
earnings
the
insufficient to pay
property would be
the
basis.
reduced
this
For
the
reason
and
not
was
take
action
to
terminate
retake
possession of
served
being the first step in that proceeding.
have the funds
the
holders
the
of curing
to
cause,
time
as,
are
.At
undoubtedly
this
default
notice
served
was
trustees
H.
are
H/Cotton,
Ramboz.)
Union
and
Six Months Ended—
Total
income
Account
Loss
,
'
_
Loss before depreciation
income
1
$45,992
accounts
equipment; 'etc:, $344,814;
charges, $15,60.9; total, $374,793.
Liabilities—Accounts payable
taxes
payable
New
and
1944
'
deposits,
$860;
-
in
revenue
Prov.
Provision
for
Gross income-
Int.
other
&
eastern
income
-
-
received
due
1944—12 Mos.—1943
;•''. Proposed - Transaction
Gross
3,408,826
522,186
138,355
1,796,374
1,735,592
$86,736
$105,375
$1,2X7,639'
52,750
644,515
$34,910
$52,626
$573,124
14,28?
171,438
' "
'
/
stock
common
($1
its
receipt
new
common stock
would
following
of
the
the
approval by
amended
the approval
plan of
of the joint
also
of the
be
as
of 5,020,134
debentures,
Standard
and
which
outstanding,
have outstanding
of
well
as
assets,
issue
stock
common
to
the
would
issue
new.
plan
of Stand¬
as
;
of
expenses, from
deliver to its parent
would
shares
11%
represent
5,159,831 shares.
or
result of
a
'
:
less
Stand-'
the
proposed plan
than $11,523,700 of its new
plan as presently amended
of
new
stock
common
and
x.x.- ■x.,./s,x X.
Power
in
Standard
Gas
consist
of-the.
principal
amounts;
convertible gold
$328,000, 20-year 6% ; notes due 1948;
notes, due 1948; $146,000 6% debenture
1951; $6,000 6%'gold debentures, due 1957; $98,000 6%
gold debentures series B due 1966, and $179,000 Standard Power 6%
gold debentures due 19.57 previously assumed by Standard Gas.
Stands
$216,000 6%
series
ard
A
due
Power
also
holds
40.751
stock, $7 cumulative,
.
also
holds
shares
1,160,000
of
Standard
shares
investments
Gas
Standard
which
prior
Gas
include
preference
It
common.
of
9,750
filed a separate plan providing for its
liquidation and dissolu¬
Under this plan Standard Power will distribute the
567,581 shares
tion:'
Texas properties
and
miscellaneous
shares of
Philadelphia. Co. common stock.
[-.x- :v.
Contingent upon the joint application becoming effective, Standard'
Power
new
stock
common
of
Standard
Gas
follows:
as
14.Ms
shares
for-
each share of Standard Power preferred; 4.8 shares for each 100
shares,
of Standard Power
common; 4.8 shares for 100 shares of Standard
■/
Power
series
common
The
Commission
B.
v/
:.
.
June
on
5,
1940,
•
ordered
Standard
Power
be
to
liquidated and its existence terminated.—V. 158, p. 1285.
,
the
sale
the
of
*
to ■ acquire
accordance
instructions
bonds,
such
in
of
$38,339
$401,686
Union
further proposes to declare
stock
common
for
common
each
shares
io
dividend of the 97,170
a
the ratio of one
of
Southern
the
to
stock..
common
The
-
$396,078
to
stockholders;
will
$1,223,276
lieu
655,760
.
of
issuing
•
1943
1942
All
the
of
Dec.
1,
:
6 %
to
%
bonds, series C,
gold
into
the
208 South La Salle St., Chicago,
bonds
may
at
any
time
share
V.
111.
per
director
a
to
succeed
671.
representative
as
,:
Ballard's
1943
earnings
$102,930, equivalent
were
.
on
"and Mr. White
effect
will remain with
the company.
expanded merchandising program.
an
bq merged
Sterling Drug,
with
Inc.,
160, p. 1024. '
In order
Ballard's
to pub-
sales
staff
that of the Dr. W. B. Caldwell Co. division of
whose headquarters are at Monticello, 111."-—.
•
receive
payment of
the full redemption price with interest to Dec. 1, 1944. upon presenta¬
tion of said bonds at the above bank.—V. 160, p. 670.
;Vf-v-./'
above
p.
President of the St. Louis company,
that
will
called for redemption as of Dec. 1, 1944, at
Payment will be made at the City National Bank &
trustee,
of
$4.90
said,
due
1947,. have been
Holders
elected
160,
stockholders.
the Ballard
It'was stated
'V;'.'.f
;
has been
Toronto.—V.
the Sterling stock given in exchange for that
Of Ballard
v. V/ '.'/-.'v /
y-XX X...X-.X'
"■X'X- ",.rX;
X 'l;,,
.^.."Manufacturing operations will be continued in St." Louis,Mr. Hill
Co.—Calls Series C Bonds—
outstanding first mortgage
and interest.
Trust Co.,
.•/
1941
•
1443.
David White,
of
pay
Southwest Telephone
Osier,
James Hill Jr.. President, on Sept. 29 announced that this corpora-*tion has acquired the stock of James F. Ballard, Inc., of St. Louis, Mo.,
(incorporated in 1922). manufacturers of Campho-Phenique and otherdrug products.
The transaction involved payment to Ballard's stock¬
holders of 21,000 shares of Sterling stock, which Mr. Hill turned over
will
latter
the
Union
Gordon
v :
distribute
its
common
stock to
the
Such
instructions
will
provide
tha\
cash at the rate of $3.50 per share in:>
certificates1 for fractional shares of stock in making
Southeastern,
Texas. Southeastern
Gait, Ont.,
Lang of
; Sterling Drug, Inc.—Further Expansion—
the,
share of Texas South¬
Union
L.
late F.
'
Southeastern "distributable
Texas
of
stock in
Louis
retire a corresponding
the provisions of the
and
with
.v.'
its
Steel Co. of Canada, Ltd.—New Director-
applicants state that after irrevocable instructions and transfer of the
Southeastern stock has been made by Southern Union to Texas
Stokely Brothers & Co., Inc.—Listing of Stock—
(Name
to be
changed to Sfokely-Van Camp, Inc.)
York
Stock
Exchange has authorized the
:.
-
2,791,258
3,578,980
6,669,554
The
4.939,741.
i Sperry Corp.—New Vice-Presidents—
; -•••'•'
railway— 330,980,203 305,888,734 223,759,419 145,704,343?
Net from railway™,— 104,3.81.556
120,650,018
84,752,620
49,131.948'
Net ry. oper,, income.™
25,866,213 .41,279,931
41,885,343
31,227,143:
and
Earnings of Transportation System—
President of Sperry . Gyroscope Co-.i-and Harry F.|
President of Tickers, Inc., have been elected Vice Presidents
E.
R.
Gillmor,
Vickers,
the
of
corporation.—V,
parent
160,
p.
1300.
-
of
Spokane Portland & Seattle Ry.—Earnings—
t
<
of
5%
cumulative
shares
additional
taking effect of
of
prior preference
common
stock
($1
listing
stock
of
to
par)
47.5801
($20
be
par),
issued
of Crampton Canneries, Inc., into
the company, making the total number of shares applied for 308.001*
shares of 5%
cumulative prior preference stock, and 794,380 shares-
••
/
shares
41,080
the
upon
'
separately solely controlled affiliated cos.)
New
additional
"
Gross from
(Inck
shares of
new
Gas
The investments
y
? y-y'-y
.
well as
as
liquidation.
the
Standard Gas
Power,
provides, for. the
par)
with the southeastern
A",-y,:
;-y
District Court
consummation
plan for
own
$11,718,300 of
properties and to cause Production Co. to assign all its :
under its existing gas purchase contracts and
connection
S.
an
aggregate principal amount of not more
five-year 4%. debentures.
Standard Gas's
Texas
$43,938,234 $38,499,685 $32,850,234 $21,909,395 '
14,648,537
12,579,352
13,782,850
7.896,246'
income—
oper.
From Jimi 1—
ard
shares of common stock (par $2) of Texas
for cash of $369,000 and the 1,000 shares-
exchange
with
of
Southern
'
171,438
1944
railway™—
ra.ilway_L-.2L,
567,581
of its
$567,516
14,287
from
Net ry.
Standard
Southern Union
and
issue and sell
to
proposes
97,170
Power's;
Simultaneously with
,
Austin, Washington, Grimes, Waller.
system is obtained, by Southern
with Production Co., whose
of
1962,
eastern
$6,889,880
Southern Pacific Co.- -Earnings of
Company Only—
.
in
from
portion
101
Net, from
ard
properties with the trustees under the
indenture securing its first mortgage sinking fund bonds, 3%5/f series,..1,
shares
51,826
■
plans are contingent upon
U.
,
in connection with the
contract
$480,000 first mortgage 3%% sinking fund bonds.
.
Southern Union further proposes to deposit the entire consideration
'
160, p. 1232.
August—,
The
the
and
Under the proposed plan Standard Power would transfer to
Standard
all its assets,, except a sum sufficient to
pay
expenses incurred
:
.
Southeastern proposes
holders of
556,820
$20,623
dissolutions.
Commission
Gas
part
interests
companies
.
4,243,909
i,
.
The principal
of Texas,
the .western
to secure additional funds for the pur¬
chase of..the physical- properties and other assets_from. Southern Union
and Production Co. by the issuance and sale privately to two insurance,
■
—V.
in
indenture,1.
117,611
Balance
•;1
;
declarations.
V'-s'v'
Southeastern
and
Texas
-V/-.
;■/
$7,814,743
.
ultimate
long-term
to Texas .Southeastern,
$262,710:
43,446
pfd. stock
on
-V:'
•.
joint, declarations with the Securities and Exchange Commission
providing for the compromise of claims against Standard Power and Its
this
for
the; distribution.—V. 160, p.
Net.
located
is
counties of
of
-
Texas
rights
'
Divs,
transaction, according to word from Fort Worth,
"-A..
/
filed
'-
a
presently outstanding
and held by Southern Union.
Southern Union then .proposes for' a
cash consideration of $800,000 to sell to Texas Southeastern the south¬
(trade), $360; accrued liabilities, $825;
reserve for ground rent in default,
capital stock, $64,500; surolus
318,507
deducts.™
of
i. v.;;.
,
$605,683
;
the
to acquire
Texas
of
:
59,767
™
result
'' ' v.:; '
Southeastern
Southern
.
to
dividend
a
the
operating utility company.
an
Union
Tex,.;.. Gas
v
$7,758
383,183
taxes
as
is
;;
;; The corporation and its subsidiary, .Standard Gas & ieetric Co.; have
Union,
form,
>-■ y
■; •'.,
;;
Co.—Expands—
lution—
southeastern Texas,
Southeastern
$647,298
_„'L;
depr. & amor.
distributed
be
corporate
'
.r.;
•
.
x( Standard Power & Light Corp.- -Files Plan for Disso-
insurance
by .Texas Southeastern
of Southern
longrterm purchase
consist
Texas
.
1944—Month—1943
,™™_
expenses
for
will
present
two
to
■.
■
gas/
proposes
.
Operating
that "Southern
sale
to
Texas
of the physical
Union for $1,000. ;-
ern
49,241'.
South Carolina Power Co.—Earnings—
Gross
stock
.V
-
Slaughter poolholdings, Permian also held scattered*
wildcat acreage in Lubbock, Lynn,
Gabza", Gaines, Hale and Scurry Coun¬
ties, all reportedly going to Stanolind, ("Wall Street Journal")—-V.
160,
p.' 1119. v:
XX
'
which will also be sold to Texas Southrights- and
contracts to
purchase
rr'J.'X
'A?
Texas Southeastern is a new corporation created by Southern Union
pursuant- to the laws of;' Texas to acquire, and .operate the properties /
owned by Southern Union located in southeastern .Texas.:
Upon in-,
corporation it issued 1,000 shares of common stock ($1 par) to South-/
receivable, $1,368; lease¬
prepaid expenses and deferred
'X
"
total, $374,793.—V. 159, .p. 1190.
Period End, Aug. 31—
in
under
assets
$41,483--'
;
Southeastern
common
stock
its
Mexico.
Colorado,
easternt
July31,'43'
$4,370
Texas
stockholders
Southern
located
natural
accrued, $15,237;
or
lease
which
in
primarily
now
of
Union
and notes
estate,
$30,300;
Union,
common
reservations used in
.Balance Sheet, July 31,
$13,001;
is
towns
and Fed.
$2,257
by
■/.•
,
,.
In addition to the
southeastern Texas property, which will .be sold to Texas South¬
of facilities for the transportation and distribution
of:natural, gas to. approximately- 3,800 customers jn eight cities and
■
47,513
bonds
of
involved in the
were
Texas.
The
John H.
$43,143
"'
the
\
company, an affiliate of Standard Oil-Co. of Indiana, is re¬
$4,000,000 for the stock of Permian Oil Co., with
holdings in West Texas, It is-understood that 56 oil producing wells
and some undeveloped acreage in the
Slaughter pool of Hockley County
connection with
required
Develop¬
and
This
the. physical properties'located in
propose
the
ported to have paid
compliance, with, that,pro-,:
which
counsel.
Vice-President of
a
the Esso Laboratories in Baton Rouge and London.
1443.
Stanolind Oil & Gas
eastern," consists
,
'.Ay..
Jan. 31,'44
48,249 '
tax
Assets—Cash,
hold
and
(Accrual Basis)
July 31.'44
..."
™_™™L___™J/
Expenses
Varrett
sale
Union,
system
owners, also
:X-
-.y-
■■
Profit
H". H.
1942,
in
amendments
as
recapitalization of Standard Gas,
submitted to the voting trustees an offer to purchase the capital stock'
the company for the sum of $12,900 (see above).
voting
nates operations of
the
of
( The
19,
interest
The
with
as.patent
company
R. .Carlisle
largest
organizations in the world, operates the Esso Lab¬
engineering departments at Elizabeth, N. J., and coordi¬
and
—V.: 160,: p.
of a former holding company "bearing the same name and
operating public utility subsidiaries of such former holding,
company.
The merger was effected in 1942 and as a result Southern
the
the-ground
and
W.
research
oratories
;
action by South¬
in
of
three
.
time
Sept.
of all
Texas.
present
and .in
future, be¬
pointed out above, the earnings of the property at the present
simply not sufficient to meet this obligation.
the
industrial
Southern
in
will serve the
he
election
merger
accordingly, unless
in
of
order
plan
and the issuance of
Southern
and
The company does not
accrue
the
of
itself
Southern
the
reason
would
the
of
divest
companies,
this default we shall be glad to receive them and apply them '
defaults
consummation
issuance.-and-
participating certificates wish to advance funds for this''
will undoubtedly be lost.
Should the holders of
certificates desire to make such contribution to the end
additional
of
declarations,
by Southern Union and Production Co.
properties "and other assets which they own in southeastern Texas, the 7
However, we cannot fairly recommend this course-of ac->,
that it would probably result in only temporary re¬
lief, and since the ground owners refuse to make any concession of anyIdnd
and
Southeastern
accordingly.
tion for the
stockholders
applications
until after Jan. 1,
company also was announced by Mr. Howard,
•The Standard Oil Development Co., one of the oldest
subsidiary, '
non-utility
approval and authorization for particular
southeastern
property
participating
seek
Union
default notice which has been
to cure this default and,
necessary
lease
and certain
certain
,The
to the application originally filed, by Southern
companies of the Southern Union system lor approval
system reorganization.
The proceedings upon the original
vision
of
the
purpose
the
the property,
the
its
Co.,
Union, Texas Southeastern, and Production Co.
ern
'
to
SEC
company,
(N. J.)
the private practice of law from which
resume
to
1919
ment
and other
ments
1944, which reduced the rental
deficiency to $21,800 as at Aug. 31, 1944.
Recent improvement in the company's operation prompted the com¬
pany and the voting trustees to reopen negotiations again with theowners of the ground lease with the view to obtaining some concessions
following the plan of the agreement tentatively reached in August, 1942. ,
However, the ground owners have not only refused to allow a reduc- *■
tion in rent or to make any other concessions, but on the contrary
have! now served the company with a notice of default as a preliminary
step-to the termination-of-the ground lease and repossession of the property.
In our opinion a great injustice will be done to the holders
of participating certificates if the ground lease is thus terminated be¬
cause of the relatively small outstanding deficiency.
In fact; the rental
in arrears amounts to less than an average of $81 per month from the"'
beginning of the lease to date.
Also, in excess of $700,000 has been
paid to the ground owners as rental since the building was constructed.
Nevertheless, the fact remains that the ground owners are adamant
determined
the
Gas
practice,
'
11(e) application were consolidated with proceedings instituted
by the Commission and oh Sept. -19, 1942, an-order was entered approv- 't
ing the plan, as theretofore amended, and
affirmatively directing '
elimination
from
the system' of
certain subsidiary
companies and
properties not retainable under Section 11 (b) (1),
7
:
The applications and declarations'embodied in. the present amend¬
to the ground owners In August,
now
Com-
holding company
its newly formed
in
organize and manage the industrial research
group which eventually became the Development company.
In private
•x-\;
registered
withdrew
Section
attempting to meet the requirements of the ground lease, all avail¬
cash (after reserving a reasonable shin for working capital) was
have
operating
an
with
of a. plan of
able
and
formerly a
gas
utility
Co,
he
the form of amendments
Union
linquent ground rent.
As. at July 31, 1944, total ground rent in default
amounted to $30,300; however, as evidence of the company's good faith
paid
filed
con¬
have permitted.,the company to remain in possession of the property with the under¬
standing that all available cash over and above operating expenses, ;
taxes and insurance would be turned over to them to apply on the de- •
in
Gas
*
gas
a
Vice-President of the Standard Oil Co,
a
next; when he expects to
plan .of
reorganization
'
Texas Southeastern
Southern. Union Production Co.,
However, since that time the ground owners
summated.
presently
Union
the
part follow:
Union
and
Approves Plan—
to
holding company now operating as
and New. Mexico,
The findings of the
former
western Texas
in
amendments
subsidiary,
the rent even
agreement
in
Southern
•
approved
has
company,. a
utility
mission
„
on
SEC
Monday, October 9, 1944
stock.
common
;
merger
a
.
The merger has been approved by stockholders of both companies but
-r
'
/
.
Period End. Aug. 31—
1944—Month—1943
'
1944—8 Mos.—1943
Gross
Total ry, oper,
revenues
Total
expenses
ry.
Net
'
oper.
55,529,967- 49,730,137 420,678,085 393,927 621',
35,881,417
31,366,511 276,196,552 226,829,427''
ry.
oper,
13,648,550
Railway tax accruals'—
Equip, and joint facih
13,564,532
(
rents
r
1
Total
oper.
2,282,874
15,569,735
16,124,827!
3,894,157
5,886,447
36,532,708
1,022,541
™
miscell.
■
dedupts.i.
available
income
of
S,
of
62,432
43,651,149
446,985
ry.
—V,
6,846,556
43,204,164
65,856,736;
2,236,635
16,600,957
18,216,715
1,310
2,897
■
10,480
.
22,863:
2,689,257
4,607,023
240,661
26,592,727
47,617,158
1,121,882,
1,939,254
5,821,754
Crl94,426 Crl,439,377 Crl.559.839t
Crl79,922
3,109,840
■
bonds of
olely-controlled affiliated
by. S. P. Co,
V. 160, p. 1232.
income
-•2,565,886
-4,182;900.
li;964,136
5,727 843
8,,183,271
vive
V3,,091,466
-3,96^gl7y" 1,,786,037
7,725,743
Inc.,' will
'
August—'
from
Net
from
5,923,332
29,971,359
f Representing '-interest
companies
Net
ry.
oper.
™
not
54,998,750
•
on
credited
to
certain
income1
from
rarlwray_.
1943
1942
ry: opet.
—
income, L_
charge of
President in
will the merger/effect
10,077,974
8,786,607
4,923.482-
3,283,482
3,195,600
3,057,132
173,933,473 161,932,918 126,437,425
70,791,105
76.899,909
52,530,327
' 22,166.270
23,714,830
23,944,991
Period—
Week Ended Sept. 21
,
1944
$
160, p.
™
stack
.
6,432,612
1443.
'
1943
$
Jan. 1 to
in
office and
retail
the
and
and
distribution
sale
Blocked
I
All
Property
12
1
John B.
Mr.
'
<•
L
-
" X X
•
32,963.412'
20.754.799'
is. President
of
the
Clark
Thread
Co.
'Mr.
Research
Co.. (N_.
in
,
1944
1943
$
.
$
6,410,946 249,548,532 237,913,509^
Co.
(N.
J. >,
announced
will
remain
a
director
of
the
Development
of
terms
will be
cumulative
the
-
,,
each
merger,
converted into
4-Ma
'/
prior-
-
•'
■
share
of
6%"
shares
of
5%:
preference stock and 2. shares of common stock of
each, share of common stock of Crampton will be eon-'
shares of. 5% cumulative prior preference stock and 10>
11
of
common
class
held
stock
by
of Stokely
dissenting
(except for
stockholders,
shares of
if, any,
appraisal has been duly demanded).'—'f:T60,
M.
Angle,
President,
reported
that
previous month by more than $1,000,000.
months were up 18%.—V. 160, p. 472.
of
p.
in
Crampton.
respect
1443. "
of
' '
'
September
sales
of
and exceeded the
Sales for the first nine
Sti'oock; Co., Inc.—Secondary Offering—Allen &
a secondary offering Oct. 4 of 7,000 shares of
capital stock (no par) at $13 per share, less ,50 cents
concession.to NASD members.—V. 160, p. 1335.
(S.)»
Co. made
a
on
30 that he had resigned, effective on Oct. 6.
He is succeeded
by R. P. Russell,.Executive Vice-President of the company since 1937.
Howard
the
with
of Crampton
,
best
Sept.
Mr.
of
an
Inc. !
prior
and
either
which
\
Oil
its. 5%
shares' of
$6,556,000 were the largest in the company's history
Organization—
"organization of the Standard
47,580
Canneries,
Strombergr-Carlson Co.—Sales Higher—
"
.Frank A. Howard, President of the Standard Oil Development Co.,
research
of
Wesley
Mitehell,
Personnel
issue
Crampton
accordance
shares
'
'
160, p. 671.
J.)—Changes
Stokely- will
holders- of
cumulative
formerly First Vice-President and director of the Kellogg CO., recently
Oil
(c)
(preference ;stock and 41,080 shares of its common stock to the stock—.
verted into
elected directors.
Clark and Joel a-Mitchell-have been
Standard.
'•
Stokely;
...
.
joined Standard Brands, Inc.—V.
,
'
In
presented^ in duplicate," at the Office of the-Alien;
Custodian, -120 Broadway, -New. York 5,.'Neiv. Yoxk, ; on,' or
o'clock noon, Eastern War Time, on Oct, 27, 1944.
'
change in the respective rights and pref-.
prior preference stock and common
any
cumulative
and no exchange of the outstanding certificates for
.
preferred stock
must, be
Clark
.
through over .200 owned and leased service
in
Nationals.
bids
5%
-
approximately 20 States,
• -' "
•' ''
'
The- stock will be sold only to American citizens or organizations
controlled by American citizens Not'on the'Proclaimed List of Certainlocated
the
stock certificates will be required;
•;
> • . •*■:
>
.*
(b) Stokely will acquire the assets and business of Crampton Can-;
>neries, Inc.;-, and become liable for ,the liabilities; of Crampton Can-,
neries, Inc.;
;;.V
'
Tenn., is engaged
of gasoline^ lubricating oil,, tires,;,
place of business at Nashville,
miscellaneous^ item.?,
stations
88,450,213*
Sept. 21
of
of Stokely
V new
.
Property Custodian,
Alien
'
Gross earnings
convertible preferred stock of Stokely, all shares of which have beenretired or redeemed and none of which have since been issued.
Nor.
;
^;
invites bids: for the
purchase
as a whole,- of 73,039 shares ■ oi common -stock. (na par)
(amounting to 52V27c of the issued and outstanding stock).
Company,
Markham.
E.
James
1941
9,668,675
3,011,570
„
Vice
erences
$23,097,295 $20,926,230 $13,662,004 $12 266,304,
—
income.
railway
a
159, p. 2457.
Standard Brands, Inc.-^New Directors—
From Jan. 1—
from
appointed
been
manufacturing.—V.
Spur Distributing Co., Inc., Nashville, Tenn.—Invito- /
tion for Bids for the Purchase of Stock—
/
before
1944
railway-.
railway—;
Harmeier Has
G.
■
:
,
the
merger and the corporate existence of Crampton Canneries,
cOase."
The merger will not effect any amendment of
Stokely's articles Of incorporation, other than (Jtl to .change the name'
of the conipany from Stokely Brothers & Co., Inc., to Stokely-Van
Camp, Inc., and (ii) to. eliminate from, the articles of incorporation:
of Stokely all reference to the convertible preferred stock and non-
•
Vice-President-—:
.
the proposed merger may be briefly summarized as
">V
1
'. ,:'Slokeley Brothers & Co., Inc., will be the corporation to sur*of
effect
(a)
^
160, p. 1119.
grocery
Southern Ry.- -Earnings-
—V.
The
■
15)663,853
with main
solely
"Excluding S. P. RR. of Mexico,
Net
by the board
follows;
16,720,803
5,285,093
oper,.
1944, the mcr-required by the laws of the State of Indiana must be reapproved
of directors of the company.*.
:
•;
ger as
$i ,291,372'
464,222:
P.
Consol. net income-™
Gross
417.507'
Sprague Warner-Kenny Corp—New
66,320,958
4.771,215
™
Net
782,773
railway—.—
from
5,513,587,
2,080,648
:
controlled; affli. eos._
tConsoh adjustment
Gross
490,4C1
1941
l
Transp, -System'
income
6,908,988
53,977
fixed charges
charges™™
contingent chgs.y
'
617,106-
"
.
7,118,441
for
Total
7Net
1,029,962
722,660
Gross' from' railway.'
A
4,825,191
Total-fixed
Net
1,061,489
railway-™—
oper. in.comc-2-
Net
60,807,371
931,035
income
income
Income
;
ry.
$2,139,399
1,014,856
railway—
1942
$1,835,826
' 1943
'
ry.
Total
18,363,626 144,481,533 167,098,194
10,194,305
92,379,091
90,165,996
2,189,861
Other income
"
Net
at the expiration of a period of 30- days after Sept. 25,
1944 '
$2,446,005
from
Net
(net)
7
*t
Net
from-
Net
From Jan. 1—
fr.
rev.
--•••••
August—
•
company
^
(Continued
on
page
1564)
;
w<f|i'nri £,«(♦'*, tv>* rf» II *
THE COMMERCIAL &
Number 4323
160
Volume
^W*fmw r^VrfAM'MW WHr
rirjW?
^HTfn r*
1533
FINANCIAL CHRONICLE
'n
Stock and Bond Sales
DAILY
NOTICE
delivery iilei are
Canh and deferred
-
during the current
Stock Exchange
account la taken of «uch sales In computing the range for the year. gffipr
Oct 3
Oct 2
Sept. 30
U. S. Bond Prices
Daily Record of
Oct (>'
Oct 5
Oct 4
Oct 3
•{
2%s, June, 1964-1969
—1 Low
4S, 1944-54
100.25
•
Total sales
1
[High
2%s
100.6
100.6
100.6
100.6
1
1965-70
Total
sales in
[High
sales in
104.8
[High
Low
Total
•
/
(High
-j Low
[Close
Close
sales in $1,000 units
Total
-
[High
—
2V43
100.19
100.5
100.13
100.5
100.18
100.19
100.5
5
2*
3
J
1956-59
111.2
Total
1
sales in
$1,000 units
units
( High
1 Low
1947
2s.
f High
(Close
\ Low
1945-47
100.18
100.18
[High
111.2
-I Low
(Close
1955-60
Low
(Close
—-
111.2
sales in $1,000 units
Total
[Close
High
Total sales in $1,000 units
1948-51
sales in $1,000 units
Total
Close
—
■
Total sales In $1,000 units
—
\ Low
sales in $1,000 units
Total
High
'•v'vy
(Hign
\ Low
[Close
Total sales in $1,000 units——_
—
(High
Total sales in $1,000 units
—
\ Low
2%S, 1958-63
—
Low
f High
[High
.»{ Low
1950-1952
Sept.,
2s,
101.6
(Close
.
•*
Total sales In $1,000 units
101.6
—
i%'-'
Total
fHigh
•{ Low
[Close
1948
■%
Low
[Close
2%8, 1949-53
1*
[High
{ Low
Total sales in
High ;.—
[Close
■
$1,000 units
( High
\ Low
[Close
1951-55
2s.
—
Total sales in $1,000 units
—
Total
sales in $1,000 units
High
3%8, 1950-52
Low
units
Total sales in
—
100.16
100.16
1952-1954.
2s,
Close
Total sales in $1,000
100.16
High
uClose
Low
■
101.6
in $1,000 units
sales
2s, 1951-1953
—
$1,000 units
■
Low
(Close
Total sales in $1,000 units
K*—
Close
■
\
1950-1952
March,
2s,
—
(High
■
LOW
Low
$1,000 units
—
—
1945
-f
(Close
sales In
Total
Close
units
;
{ High
High
2%8, 1960-65-
$1,000 units
1949-1951
Dec.,
2s,
—
units
sales in
Total
[Close
Total sales In
■{ Low
1949-1951
Sept.,
[Close
[Hign
.
Total sales In $1,000
■■
Ss,
:
Low
(Close
Ss, June, 1949-51
—
1956-59
2Via,
(High
(Close
Total sales in $1,000 units
2% 8,
'
•{ Low
v[Close
2s, Dec. 1948-50
f High
1951-54
jlow
■
Close
Low
■
1948-50
28, March
High
Total sales in $1,000
i
OlOSO
•
—
Total sales in $1,000 units—
'v/
i
i
sales in $1,000 units
2fts, 1954-56
Low
■
1
i
15
1951-55
2*43,
i
i
Low
•
\
.
104.8
High
2%s,
i
High
2y«S, 1952-55
104.8
i
1
i
i
•
Total sales In $1,000 units
2% 5,
100.15
sales in $1,000 units
Total
[Close
2%s,
100.15
'
(ClOSG
"
Close
units
Total sales In $1,000
—
1
100.15
[High
i Low
2y4S, 1951-53
Low
—■
1946-48
2%s,
100.4
3
$1,000 units
units
;
3s,
100.4
100.5
3*
[Close
Total
High
3s,
100.5
100.8
100.7
I High
-j Low
2%s, 1967-72
[Close
Total sales in $J,000
100.8
100.7
r>
] Low
1949-52
3% 8,
100.4
100.9
$1,000 units
O
100.5
100.7
—
'
•
1946-49
Total sales In $1,000
'
[Close
[Close
_
[High
{ Low
Total" sales In $1,000 units
3yBs,
100.6
$1,000 units:
in
j Low
3*48, 1946-56
100.6
100.6
100.6
5
.
100.6
[Close
1964-1969
2y2s, Dec.,
>
[Close
units—,.——
Total sales In $1,000
,—
[High
{ Low
-
100.25
Oct 6
2
units
100.25
(High
'
sales in $1,000
Total
$1,000 units
Total sales In
Oct 5
Oct 4
100.7
[Close
.
[Close
York
100.7
Low
*
] Low
4fts, 1947-52
New
100.7
f High
treasury
the
Corporation coupon bonas on
Home Owners' Loan and Federal Farm Mortgage
week. Figures after decimal point represent one or more 32d of a point. .
Oct 2
Exchange
Securities on the Mew York Stock
f
Treasury
YEARLY
-
the only transactioni of the day. No
of the transactions in Treasury,
Sept. 30
8. Bond Prices
Dally Record of U.
WEEKLY
«l»wi»rded In the day'» range, nnlesa they are
United States Government
furnish a daily record
Below we
New York Stock Exchange
«»
3
$1,000 units
'
[High
i
1953-55
2s
i Low
J%S, 1952-54
| Hign
Low
—
(close
[Close
$1,000 units
Total sales In
Total
—
sales in
$1,000 units
■
f High
1%S
i Low
IftS, 1956-58
(Close
(Close
Total
Total sales in $1,000 units
,*
f High
Home
Owners
i
1963-1968.
High
$1,000
Total sales
Low
LOW
57
$ per
57
Oct. 3
111%
*55%
58
*55 J/2
8%
87/a
8%
9
8%
*61 >2
62%
*61'/a
63
61%
ny2
*29 %
31
40
*83
40
12
12 '/4
6%
6%
*149%
152'/a
151 %
151%
2%
2%
2'A
2%
■
,
29%
23%
*5i
52
51%
51%
5
27
27
27V2,
85
*14%
14%
147 la
143 »/2
*15%
3 I3 4
17
31%
12'A
12%
8.500
400
31
14%
14%
150
*15%
31%
ACF-Brill
Acme
Motors
30
30
*30
23%
24
24
24
241/a
1.000
Address-Mutigr
39%
39%
39%
39%
40
6.000
Air
*151
21/4
*150
,
2%
2%
6
152%
.
92
*90
6%
6%
6%
152%
92
'A
*151
6%
*90
6%
92
—
6%
'
15,100
'
1521%
152%
'
23y2
*51
27 1
14%
149
16%
*15%
31%
32
28%
29
50
153
21/4
21,4
291/4
2%
2V4
2%
8,600
29%
29%
29%
3014
7,800
51%
51%
51 V'z
52
52
53
53
27%
271/4
27%
28
2814
28
28%
*81%
85
14%
14%
149
16
31%
.
151
*15%
31%
85
15
151ft
*82
85
*82
15 %
15 ft
151/4
1511/4
152%
151%
16
16
16
31%
32
32%
*15%
32
■
500
14,100
85
15%
152
16
32 ft
2.000
3.300
100
4,900
Reduction
Juneau
Gold
9% Aug
3
Sep
13
Apr
32i% July
6
14%
Jan
21'% Mar
July 15
38%
Jan
48%
67
Jan
76%
Sep
Jan
7'/a
Apr
Jan
128%
Deo
19!% Jan
6
100
—10
RR..——100
1
Corp—
100
pf A with $30 war_.
$2.50 prior conv nreferred_No par
-No par
Alghny Lud Stl Corp..
.,.—.100
Alleg & West Ry 6%' gtd
—
124
-No
par
5
Allied Kid Co
-No
par
31%« Jun
2
Jan
24'% Oct
43
.
Sep
6
7% July 13
18
3
16
161
3
Mar 29
Jun
3
41ft
3%
65
/j Jan
July 14
Jun
31/4 July
23'% Jan
3
34% July 14
Jan
321/4
37
Jan
2414 Apr
4
58% July 14
13
Jan
45%
19
29% July
181%
Jan
31% July
70
21
85% Jun
13
64
Jan
75
Jan
5
5ft
lift
Sep
Sep
May
Jun
3
3 5 % Oct
6
7
Jan
26
152% Oct
5
140%
Jan
13% Mar 18
16% Feb
5
10%
Jan
14% May
351/4 Mar 27
16 'A
Jan
37%
9 "A Jan
Industries Inc___„___.
Dye
5% Apr
Sep
July
mmm.rn.mm
„
57»%
par
Min...
52
Feb
31
93
63% Mar
115%
Jan
26'% Jan
371/4 May 13
75
Jan 13
Jan
Jan
Par
-■
Jan
Nov
35%
7%
13i% July 12
53
51 Vs
108
Highest
$ per share
25%
64% July 17
-No
5%%
Allied Mills Co Inc
8
7
3
Corp
&
8Vb Aug
July
No
Inc..
Chemical
60
27
Allegheny
Allied
12
114
Jan
Albany & Susquehanna
Allen
23
Jun
17
24
10% Jan
Alabama & Vicksburg Ry
Alaska
641% Jun
21
Jan
47
1
25
_
391/4
*90
2.50
_
Express
Adams-Millis
Corp
23%
93
Co..
Steel Co
Adams
*29%
*81V4
85
*811/4
147
500
63
'
29'A
*81 %
10.900
9%
63
109% Jan
No var
Abraham & Straus
23%
"
2 6 3 .'i
9 J/4
130
57%
52% Feb
100
preferred
4%
1 per share
tper share
share
-No par
Abbott Laboratories
39%
6%
6%
28%
*55
900
62
111
29%
*90
92
y4
6
30
9%
63
62
12
*611/4
*110
Shares
share
t per
Par
39%
23%
39%
*89
11%
11%
58
91/4
62
*61
611/4
111
57
9%
9
9
61%
6 li/4
*110
58
*55%
58
291/4
23%
93
62
$ per
Year 1943
Lowest
Lowest
EXCHANGE
the Week
Oct. 6
*231/8
31
*29%
23 '/2
40
*23
$ per share
111
11%
11%
11%
11 '/St
61
*110
63
*62
*110
Range for Previous
Range since January 1
Highest
STOCK
NEW YORK
for
Sales
Friday
Oct. 5
t per sharp
$ per share
share
62%
*110
of registered bond.
{Transaction
STOCKS
Thursday
Oct. 4
111%
62%
62 J/2
$1,000 units
sales.
RECORD
SALE PRICES
Wednesday
Oct. 2
share
lllVa
AND HIGH
Tuesday
Monday *
Sept. 30
lot
♦Odd
in
units
NEW YORK STOCK
Saturday
Low
i
—
[Close
Total sales In
62 %
Loan
Close
[High
$ per
$1,000 units
iVzS, 1945-1947
Total sales In $1,000 units
♦109
sales In
■{ Low
(Close
2%a, 1962-67
2fts,
/High
—j Low
1948
141
29
Apr
Aug 15
^
16'i
July
Nov
\
For footnotes
see
page
1543.
RECORD
NEW YORK STOCK
Sept. 30
Oct. 2
22%
22%,
40
101
28
;
77%
-78
78
21%
21%
*65%
16%
65%/.
16%
66%
17%
*65 Va
17
66%
*43
44 ;
43
"43
Y
*132
134
.
42%
12%
89 Va
90%
38%
39
39
84%
84%
85
26 Va
26%
26%.
26%
26%
26
26.
112%
112%
*111
113
*111
122
122
122
122
*13
*33A
4
*8%
28
*3%
4
■
3%
,/
,'
89%
88 %
Y 88%
■'
4 '
27%.
4.
*■
88%
'
■
*8%
;
3%
89%
91'A
19%
19%
21 »A
*82%
36
361/4
36%
5%
5%
36
*35
f
'■
53/B
5 3/4
5%
*8Va
*8.
8%.
72
74
*8
8%
.
72
21%
21%
973/4
97%
*153/4
16%
97%
*15%
11%
11%
24
.
8%
■
*8%
8%
*48
49
99%
99%
;A/
27,900
99%
993A
2,100
"
100
16
15%
16 ■:/:
16
16%
16%
16%'
3,700
11%.
11%
11%
11%
11%
11%
11%
'4.200
24%
.1-iOO
*24
.
*125
;
126
2%,
2%
24%
126
37%
37
37
2 3/4
24%
24%
24%,
*125
36%
23/4
23/4
37
126
36 5/a
450
37
2,800
2%
2%
2%
2%
126
*125
37
*36
23/4
243/a
241%
*125
54%
55
55%
55%
54%
553/8
54%
54%
55
553/4
54%
55
3.300
48%
.
48%
48%
49
48%
48%
48%
48%
48%
48%
48%
48 3/4
4.300
15%
72%
73
18%
•72%
;
■
16%
*16
*43%
253/4
67%
1453/4
9
17%
17%
*17%
18
18
23%
*23%
23%
48 3%
231/a
48%
126%
126%
126%
163
28%
163 3/a
163%
67%
67%
67
67%
68
147
68%
69
12%
13%
12%
12%
46
46%
46%
120
120
120
9%
95%
8%
8%
91%
9
933/4
;
91%
913/4
5
4%
4%
/
93
92%
V"'
5%
32
32ya
31%
26
26
26%
*25%
253/4
25%
253/4
253/4
26
*113%
114%
*113%
114%
U%
11%
*3%
4:
54%
*53%
54
/■■v-' e.
6%
45
6%
■
/
6
*105%
107
*105%
45
*44%
44 Va
45
6%
1,166
13
,
4%.
*54%
54%
6%
55
*54%
;
-
.
'
11%
11%
11%
10%
10%
10%
10%
10%
16%
16%
16%
17
17
106%
1063/4
/
17V4
#44
.
46
..
*105 %
67
107
101 %
*44
106
*105%
66 %
67
66%
.
107
.
..
*1003/4
106
106 %
101
101
101
46
*44
106
46
*105%
66%
66%
67
66%
67%
95
.
<
1,060
250
.
67%
95
95 Va
96
41
40%
40%
11,200
3,000
94
95
39%
393/4
393/a
393/4
38%
39%
39
39%
393/4
31%
31%
32
32%
32%
331/4
33
33%
32%
33
33
33%
2,700
65
65
66
66
66
67
68
*65%
69
69
69
1,400
5%
28%
28%
28%
28%
283/a
28
28%
28%
28%
28%
29 Va
6,700
Atlantic
112%
Xlll
*56%
15%
57%
*563/4
57%
*115% 116
*111
112
112
5m
15%
57
57%
57%
57%
*57
'
16
*115%
116,
*115%
18
18
18
*17%
18
*10%
10%
*10
10%
10%
*72
72 3/4
72
72%
,72%
5%
5
5%
"
4% Y
5
17%
*56%
57.
80
20%
Jan
27%
Jari
125 */a
Apr
Nov
Jan
36
Oct
A
Jan
59
Aug 29
183/4
Jan
51% Aug 23
12% Aug 21
16%
Jan
45%
Oct
6%
Jan
11%
Jun
Feb
14
Jan
3
Jan
22
12Va Jan
3
<
62'% Jan
?
154
10 Va
Jan
8%
12%
Jan
25
30
9
3
8
July 10
43% July 10
160
July 12
45
July 13
151
Apr 24
22% Jun
10
27% Mar 16
15
20
36% Jan
3
Jan
13
147
39% May
146 Va Oct
Jan
16% Jan
Jan
/I
26%
MaHT
.
18
173/4
173/4
*17%
18%
18
10%
10%
10%
10%
10%
10%
10%
73
73
77
76
76
7.51/2
75%
5%
51/4
5%
23%
23%
8%
8 3,4
5%
■
5
700
18
-
5%
1,700
590
64,800
5%
Aug
45
Apr
151% Aug
29% May
Jan
16
Dec
11% Mar
12
Jan
17% July
17%
Jan
33
115
14
31% Jun
91
213/4
Jan
7
Jun
Aug
32% Aug
158 V* July
Jan
16
Jan
6
164
3
127%
Jan
56% Jan
3
July 14
75
July 11
1523/4 July
6
42%
Jan
83% July
43%
Jan
1293/4
Jan
65% July
146% July
156
57% Jan
139
Jan
3
7
8% Jan
3
39% Apr
y; 13% Jun
19
Jun
28
19
116% Apr 26
6% Jan
3
July
75
49
6 3A
32
12% July
Jan
Jan
r
49%
Sep
120 Va July 11
*
10 y4 Aug 12
1153/4
Jan
121% Aug
3%
Jan
Y 9
98% Aug 15
3
par
—1
Lines
9 3/a Aug
88%
May
Nov
533/4
Jan
14
33/4
Jan
8% July
55%
Jan
,79% July
Jan
3
943/4 Aug 17
6Va July 5
44
Feb
16
54% July 26
42%
Jan
7»/4 Apr
643/4 Mar
28
24%
NOV
31%
24
Jan
29%
243/a Jan 26
25
Jan
24
20
Jan
7
114
Jan
6
93/4 Jan
10
2'% Jan
2
Jan
3
4% Apr
19
42
,
July
:.Y 37/a Nov
6
33s/a July 17
28% July 20
117% May 26
12% Oct
5
16% Jan
111%
Jan
8%
Dec
1%
74% Jan
9
85
3
90
Jan
Jan
85% Jan
33
3
3
3
May 19
103% Jan
19
14%
3%
Apr
Feb
473/8
Sep
5
3
Jan
94% July 14
46
Jan
75
Sep
Sep
7
49
Jan
84
Dec
30
0% July
119
Jan
Jan
40%
Jun
10%
Jun
43/a
Jan
10%
Jun
6% Jan
17% July 13
107% Sep
1
15%
Jun
6
29
Jan
97% July
94 Vs July
39% Oct
July. 11
100
Jan
108% Nov
"101% Aug
453/4 Sep
108
6 3/a
63A Jan
72% Jan
59
i8
Jan
67% July
53% Jan
3
82
?
71% July 20
JUtt 27
44% Jan
98
66
253/a Jan
3
44
38
Feb
15
24% Noy
19
Jan
36%
Oct
Jan
68
Oct
25
Jan
May 31
33% Oct
69
Oct
4
44
6
Jan
pref series A—
18
—5
11% Jan
3
17 % Oct
5
6 3/a
Jan
.50
53% Jan
7
57% Oct
2
50%
Jan
52% Apr
19
Jun
12
52
Jan
120 3A Aug
14
31
8
9
8
113
—
Apr
Mar
Jan
107% Feb
conv
116
Jan
100
———
Apr
23 Va July
34
4% AUg 30
Jun 16
Y 57
.25
preferred.———
N0 par
100
preferred.—
Atlas Tack Corp——
-No par
Austin Nichols———No par
$5 prior A
—-No par
Aviation Corp of Del (The) — —3
70
Apr
161
Oct
19%
493/VSep 30
129 V4 July
Y
3
—No par
100
Corp
Atlas Powder—
250
115%
47%
Dec
Jan
141%
<
Apr
May
32% Mar
144% Feb
353/4
18
19% July 20
11
111
15 %
/
24 V2 Aug
3
Feb
29
36
Oct
16% July
Dec
18% Sep
Oct
69% July
:
Jan
18% July
3
173
Jan
54
31
13% Feb 21
26% Jan
48%
Feb
Aug 14
17% July 10
75% July 13
180
3
13% Jan
•
3Va Aug 10
10
50
Q%
700
58%
115%
115%
4% May
6
Refining.-———■
Corp—
Jun
116%
Sep 18
38% Aug 22
loo
conv
.
Jun
x26
126
-
Sep
15 Va
10 Va
Feb
preferred-
non-cum
4%
Atlas
'
*114
116
5%
Atl G & W I SS
21,800
16%
58%
58
116
116
11,100
*56% ! 57
57%
57%
/
16%
'
.
113
113
111%
16%
57Va
57
57%
111%
103/4
57
57
..
112
16%
16%
73/8
21
6V« Jan
preferred—-—---——
100
Atch Topeka & Santa Fe
/>; 5% preferred-^——-—-. .100
100
Atlantic Coast Line RR
93%
15%
12'A Jan
82%
Nov
Jun
67% Jan
No par
5%
*933/4
112%
1
5
Oct
17% May
7% Nov
25% July 18
15
18
21
84Va Jan
100
93%
15%
par
2d: preferred———— 100
No par
V.7%
*933/4
*111
Feb
Jan
163
■
Assoc Investment Co
93%
28%
4
9
Associated Dry Goods———. —1"
loo
6% 1st preferred-—-—
*933/4
*65
68
Sep
Feb
4
Artloom .Corp ——-———N0
3,000
106
67
■v
Arnold Constable
2,400
.
46
*105%
106
106
:
101%
*44
*105%
106
106%
101%
107
*44
46
*105%
106
66
106%
5
100
4
*11%
10%
101
2
12% July
29
;
12% Jan
ll3/4
10%
16%
46
13
Oct
16% July
4
47
Jan
Jun
50
4
500
11
Jan
22% Oct
10
12% July 10
133/4 Jun 28
16%
66%
39%
Jan
409/b Jun 28
preferred.
preferred
1%
Juh
7Va
18
$8 conv prior
40%
9% May
17
>
Y
July
Jan
79
9% Feb
8% Jan
10 3/4
1063/4
May
35% Apr
163/4
101 Va
May
5
—5
11%
*44
70
Jan
Armstrong Cork Coi-^— ..No par
113A
105%
Jan
Jan
2
1,500
16%
*101
35
53 '/a
2%
22
45 Va
103A
101% 101%
Apr
45
*10%
*11
Apr
4%
45
103/4
11
36%
Jan
45 ;Y:
44,%
16%
Y
Feb
*105%
107
16%
11
Jun
30
10
*10%
*10%
78%
93%
92%
Jun
26
Jan
107-
:!
873/4
Jan
39
107
92%
92%
-•
Jan
7
107
6%
Jan
46%
40
—.5
Co Inc.
..NO par
Archer Daniels Midl'd
—5
Armour & Co of Illinois—
400
6%.
13/4
5
5
5
Apr
29% May
9
May
Jan
2
A P W Paper
900
Jun
21,600
1,600
92%
443/4
*4
Jun
10
Jan
Nov
44% Feb
Anchor Hock Glass Corp.. —12.50
..No par
$5 dlv preferred—
.—20
Andes Copper Mining
1,200
4V4
Jan
63/4
22'/4
Mar 22
5 V4
20
ZZZ1-25
Anaconda Wire & Cable—
790
114%
*12%
4%
.
6%
.
92%
92
*113%
12%
4%
■/;
54%
54%
54%
,
114%
11%
U3/4
4
107
*104
107
6
92
91%
91%
92%
: *54%
*113%
114%
,
.4
4
.4
,
*11
11%
11%
6%
*113%
114%
*r.3%
:
x26
26
*25%
21,900
'
Smelt—
$5 prior conv preferred
Anaconda Copper Mining-
600
Dec
43/4
par
:
Amer Zinc Lead &
•
54%
37%
.100
Woolen—
Dec
9V4 Aug 10
32
preferred——— ..No par
.: Preferred
1.700
3,700
1
32
315/a
■
5Va
49 3/8
27%
"Y 49'A
27%
27%
27
4
933/a
5
5%
27%
32%
27% :
32%
113/4
'•!.
49
27 Va '
31%
.
93
93 y8
;
-5".
49
27
*11%.
93
■■
49
1st
American
3,600
8%
42%
1%
AUg 30
9% July 7
115% Feb
Water
$6
300
96
8%
'
•V: 5%
5
'
,;■;.'■■ .4
T
.
Am
Jun
11
'
preferred-——
Wks & Elec— ...No par
5%
100:
14.300
9%
96
8%
8%
49
31%
.v,i
*93%
8%
'
9%
9%
'■96 :Y':
/'/ 9%
96
■
v
121%
*120
121%
49
*48
49%
*48
•
8%
"
,
*119%
9%
.
96
95%
.8%
122
*119%
.
9%
9
Feb
104%
25
8% Jan
100
-
18%
Jan
7% Aug 18
19
14% Feb
100
preferred ———■
Amer Type Foundries Inc. -—-10
American Viscose Corp— .—*—14
1.900
Dec
12
14% Feb
6%
9.100
45%
27%
45
149
123/4
453/4
Jan
:
10
80% Jan
25
Common class B———
Jan
46
Telep & Teleg Co- ——100
25
Tobacco——
Amer
Jan
7% Apr
American
4,100
510
12%
27%
*10.4
69%
1493/4
45%
31
:
800
1.900
12%
27%
*91
V
11% May
6 3/8
133/4
6 Va Jan
par
No
Am Sumatra Tobacco—
■8,700
:
453/4
30%
.
•
12%
27%
6.
68
68%
1493/4
149
163%
68
69 y2
69
30
29%
163%
68%
400
1123/4 May
75% Jun
Mar 27
61
American Sugar Refining... ——100
./. Preferred: —-—- —-100
2,900
:
116% July
Feb
•
No par
—No
Stove Co—
Apr
Nov
37% July 17
6Vt Aug 18
44 y4 Aug 18
3
4
No par
American
Jun
July
96
5% Mar 16
19
65
-.—.100
American Stores__iiw——
80
97%
25% Apr
90% Jun
393% Mar 31
Covp
400
127%
Apr
3% Jan
243/4
11
102
8
33
preferred
Internat
.200'
49
49
126%
29%
163%
68
VV
451/4
96%
4%
54
163%
149%
148%
148%
*29
,
23%
5
Jan
45%
107
4% Aug 17
10% July 7
59
Jan
59% NOV
18% Jan
Sep
29
10
Amer Steel Foundries
10.000
18
18:Y"
*23% .23%
IB
■
6
Jan
9P/4 July
185% July
53% Jan
26
Jun
9V4 May
,
Jan
July 10
Apr 25
3
Aug
Nov
24%
•
6
Jan
8
;
Aug 18
107
15% Jan 10
Preferred.
40:
T'yv;
26
25%
26 V4
12%
*30%
■
29
28%
66%
8%
49%
■
26
163V4
*281/4
147
48
48%
126%
68
9
90
,
149%
*148
48%
126%
481/4
126%
■
Y *95%
8%
4% /
26
21/4 Mar
Jan
134
15
14
23
3%
Apr
433/4 July
18
,
7
2iy4 Sep
American Snuff—-—— —.25
6% non-cum preferred/ —100
600
45%
*119%
9
90
%
149 Va
"
45
44%
5
Jan
71%
27-% July 15
115% July 24
124% Sep 19
Mario
68
6%. preferred
100
American News Co———-.No par
Amer Power & Light--—No par
$6 preferred
—No par
$5 preferred
No par
Am Rad & Stand San'y
No par
Preferred
.——100
American Rolling Mill
-25
4 Va% conv preferred
100
390
;
12%
97
*48
25%
600
(
14
Safety Razor— —18.50
...No par
American Seating Co
Amer Ship Building Co— ...No par
—No par
Amer Smelting & Refg
13,800
45%
•
120
8%
*148
30 34
158%
158%
10/4 Jan
101 Va Feb
American
400
.
42 y4
42
*23%
'
*95%
44
17 V4 '
*30
42
158%
1581/2
44%
149%
*147
1.700
17
"
85% Oct
20
—
1.890
18/4
26
;
28%
28
45%
*119%
45
73 Va
18%
25%
162% 162%
66
66%
12%
12%
44
.
146%. 147
V
26% '
49%
145
145
.■'*45,
148
,
126%
67%
67%
44
.
48%
..
663/4
.
'":■: *44%
■
173/4
28
66
:
45
.
723/4
30
411%
x
13.900
16%
30
41%
158%
23%
162%
162%
40%
*158%
*125%
49%
*27%
40%
1583/4
-
30
15%
18%
16%.
30%
2934:
301/4
40%
17,5%
15%
73%
72%
*18
ie3%
1583/4
173/4
126%
,
18%
*16%
16%
*30
72%
17%
•
15,800
12 y4
12
175%
.
15%
15%
'
24
47%
72%
72%
18%
16%
30%
Y*146 %
17%
*23%
*125
721/4
*18
,23%
*17%
121/4
175%
40%
*44%
*146%. 148
25%
25%
"
12
*173
153%
15%
15%
158%
40
1583/4
45
12%
175%
16%
30%
31
31
40
39%
158% 1583/4
12
*173
18%
*16%
,
12%
175%
15%
■
73 Va
18%
18%
12
15%
15%
:
*173
175
175
174
14%
12%
12
12%
11%
174
26
Jan
Jan
168
July 10
Nov
93/4
Jan
127%
25'
^23/a July. 14
18
^-100
No par
American Invest Co of 111——1
5% conv preferred—
—
50
American Locomotive
No par
1% preferred
—
100
Amer Mach & Fdy CO—-NO par
Amer Mach & MetaiS———NO par
Anier Metals "Co Ltd———~N0 pur
100
22 Va
'■
108% Feb
6 % non-cum
49
21%
4'
108 % Jan
1st
Amer
700
:
8%
*48
22%
21%
■
100
8%
8%
8%
*8%
.
v
74
*71
74
.
15%
24%
36 3/4
2%
■
1,600
81/4
18
No par
American Hide & Leather—...—1
6% conv preferred
—50
American Home Products
1
American Ice
———No par
1,000
7
11%
■126 1 /
'
2%
74
*6aA
16
'*125
36%
36%
42%
*72
99%
99%
:■% ; I 400
*40%
22
21%
■
•
500
72%
7
33 Va Apr
.
2,900
11%
24%
24
126
49
*48
;'
22
99
'
5%:
41 %
*71
V
8 3/a
*8%
8%
49
*48
21%
98%
11%
*125
'/' ■'■■
.
22%
21%
/'"-■'A
36
'
5%
72%
6%
74
8%
'
49
*48
49
*48
„
.
6%
-*71
.
8%
81/4
■'
*6%
6%
*6%
'
500
183
68% Jan
preferred—No par'
preferred A——
No par
/
S6 preferred—N0, par
American Hawaiian SS Co
10
8,900
41%
43
43
72%
*71
8%
36
1
5
23
Sep
61
4Va
27%
14
July. 12
95% July 13
May 12
Mar
$7 2d
2,500
84
8
133
Sep
76% July.
18% Dec
Jan
47
68% July 18
193% Jun 27
Jan
Jan
8%
.45%.Aug 24
14
$7
3,100
v./,,,:
'
43
;
72
8% Y
4
4
90
*3%
82%
*70%
.
63/4
6%
72
,
8%
1,200
823A
*40
42
71
72
■
27%
193/a
35%
6%
6%
*71
.
27%
89
4
•
:
28'A
82%
": 5%
41%
1,200
27%
27%,
193/a
5%
71
1,500
9%
82 Va
3634
70%
4,700
3%
9%
19%
5%
41%
70%
268/a
33/4
,•
88%
3%.
.
90
■
*40
25%
4
OVA
*3%
3
14
82
American
6 %
52
170% Jan
American Color type
1,000
'.■■'Y"./- 60
Jun
34
126% Apr 12
Co—
—-10
Crystal Sugar
-10
preferredW..100
Amer Distilling Co stamped—20
American Encaustic Tiling--—1
Amer European Sees
No par
American Export Lines Inc
1
Amer & Foreign Power——No par
16%
104%
86%
Jan
preferred—100
Chicle———
400
16%
26%
26%
3%
9
conv:
Jan
23
31% Jan
7% Jan
No par
Chain & Cable Inc_
5'%
X67
14
Jan
American
91/4
26%
9
81%
*35%
%
•
Am
Oct
110% July 17
37V'4 Jan
preferred—--—100
non-cum
77c
10:
104%
193/a
19%
82
5%
:
17
/'
.31%
60
790
14
*13%
14
105
81%
19%
.81%
36
*5%
13%
17
19%
19%
36
"■
*88%
83
19%
*81%
123
105
American Car & Fdy
1,700
113
3%
27%
;*3%
■
26%
123
9
27%
89%
26%
Preferred—--
3,800
1,300
*111
17
26%
85%
113
106%
•
39%
123
3%..
26%
*8%
/■■
*105
39
300
•85%
.
123
13%.
A
*16%
.
2,000
'■
3%
.
28
,
16%
106%
25%
•:
9
■'
27%
;
.
26%
24%
3%
'
■
*13
131/4
*105
16,600
179 "
*111
113
122% 123%
122%
16%
16%
105
105
9
*3%
*27
:
26
25%
; *8%
'
16%
16%
106%
*111
113
*13
13%
*13
13%
■:
16%
*105
90%
179
26%
25%
/
12%
so 3/4
12%
.
39%
84%
122
.
12%
90%
179%
84
83%
.25%
Y
12%
Jan
5
100
—1
-25
-—---100
—No par
Sep
2% July
Jan
6
preferred
Amer Cable & Radio Corp
'/AmericanCan
23 8A
Jan
%
79% Oct
1,800
90%
17%"
13%
23% July
*132
Dec
43% July
41% July 13
25
134
Sep..
67
Jan
32
25
No par
16%
Jan
5
28
Apr
Am Brake Shoe Co—
Jan
July 14
4
Apr
6% preferred.—-——-——50
American Bosch Corp
1
Bank Note
5 % 'h
July
23% Jun
4 ■:'
16
5,500
178
12%
90
28% Jan
118
58
17%
';
Jan
2
6V4
733/4
26%
July 10
July 7
5
40% July
10
67 " ;
134
103
10
inc
44 3 4
39%
39%
83 Va
American
17
84
38%
83%
American Airlines
22
3
Mar 29
43
66
Highest
$ per share
per share
May 17
17%
38%
38%
4,900
27
share
82
44
66
*132
178%. 173%
178%;,
177%
178%
178
177%
38%
*83%
79 %
,
Lowest
26
17
Y
12%
79
*2J%
600
2,300
70'
66
r
134
89
12%
SO
213/4
;'
—
431/2
.
17%
*132
-
121/4
12% .; 12% ;
90
.
134
89%
12%
89 %
177%
43:%
*132
42%
791/2
.21%
preferred—-——100
conv
1,000
900
.
101%
28
14% Jan
96% Jan
,
Alpha Portland Cem
No par
Amalgam Leather Co Inc
;—1
6% conv preferred;
50
Amerada Petroleum Corp—No par
Amer Agricultural Chemical-No par
22
101 %
783/4
21%
i%
300
$ per
33% Apr; 24
105
Apr 19
17% Apr 19
No par
Mfg
28
101
28%
;,
40
*39%
28%
78%
21%
21%
65%
16%
-
134
*132
77
21 %
66%
16%
42%
.
28 V4
'
21%
21%
*65%
f 28
101
101%
27%
76%
*16',4
*100
28
V
3%
40
*39%
40
*39%
3%
Par
preferred--.-----:-.—,——100
5%
22%
3Vis
VH'
■.■/•-■
:
Allis-Chalmers
.400
*22%
21%
3%
3%
.101
■
:/■"
Allied Stores Corp--—-—No par
116
*114%
115
21%
1
27%
101
101 Va
27%
77%
*27%
-.,.'77'
115
.
22
■
.
,.
$ per share
4,500
37%
3%
40
*39%
40
*100%
37lA
Year 1943
Range since January 1
Highest
Lowest ,
'
''■''
101%
37%
22
3%
*'3%
...
*101%
37%
'/■
.
7,300
21
20%
21
101%
37%
115
115
22%
20%
*101%
,37%
37%
115
*22
'
3Vb
*39%
100%
371/4
*114
22 Va
•
3%
3%
*39%
'•
114%
114%
115
3%
37 %
37%
37 Vb
37
*213/4
1'
207/a
101%
20%
*100%
201/4
20
: ,*100% 101%
,101%
*100
101%
*114
.
20%
20%
20%
20 %
*100
EXCHANGE
Shares
$ per share
$ per share
$ per share
$ per share
$ per share
S per share
Oct. 4
Oct. 3
the Week
Oct. 6
Oct. 5
Range for Previous
V'.
.
Sales for
Friday
Thursday
Wednesday
Tuesday
Monday
STOCKS;NEW YORK STOCK
PRICfcS
LOW AND HIGH SALE
Saturday
,
Monday, October 9, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1534
7
59% Jun
24% Jan 14
112
May 26
14% Mar 31
7
Jan
25
66
Apr 19
3
33/8 Jan
18% Jan
32% May 17
113% Aug 28
62
18
July
13% May
84% May
5% Aug
106
Mar
9oya July
May
28% May
113%
Sep
13% May
57
Sep
68% July
Jan
123
Jun
7%
Jan
16,
Dec
2 3/4
Jan
28%
Jan
9% Aug
85 V* Aug
3 3/a
Nov
63/a
10% Jan
20%
Dec
10
Apr
14%
Apr
5% Jan
12%
Apr
Jan
Feb
63 V*
Apr
B
23%
233/4
23%
24%
23%
8%
8%
8%
8%
8%
15%
15%
15%
15%
11%
11%
*ny4
62
24%
17%
15%
15
ll3/a
11%
63%
24
8%
9
83/4
9
11%,
*61%
25
24%
24 ya
2434
*16%
17%
*16%
16 %
16
163/a
16 Va
163/8
30%
30 Va
■
15%
16 Va
*30
16 Va
■
16%
16
16
16%
16
29%
30
34%
343/t
34%
34%
34%
*108 %
108%
*108 y4
108%
108 Vt
11%
113%
11V8
11%
10%
34%
*32%
34%
*32%
35
*34%
108%
*117
117 y8
*117
ll3/4
118
11%
►117
11%
11%
118
11%.
117
16 Va
16%
16
16 Va
preferred———
■■'Barnsdall OH Co
Bath Iron Works Corp—
500
35
*108%
11%
10%
11%
*32%
Bayuk Cigars Inc.
—
Beatrice Oreamery
—
$4.25 preferred———
■
1,000
34%
110
34 Va
140
Beech Aircraft
17,900
'
117
*32
%
*117'
34%
119
13%
11%
13%
44%
44%
45
13%
13 3/4
13%
1334
44%
44%
44%.
44 V2
44%
•
*117
119
,
300
13%
20,100
45
45
4,000
—
Beech-Nut Packing Co—
100
1134
13%
Corp——
Beech Creek RR—:
.
*11%
Barker Brothers—
,5%%
6,100
4,800
29%
11%
*11%
44%
:
20
*29
£4
13%
13%
1543.
300
51
10%
11%
44%
page
Barber Asphalt Corp.—-
4,800
17%.
108 %
*11%
13
see
34%
390
'
13 Va
footnotes
16%
V4
,
25 S/8
108%
'
*32
*50
16 Vs
30 %
*33%
34%
50 Va
*30
*108%
1C3/4
*32
50%
25 Va
*16%
16
16
30 %
50 %
50%
51
%
17%
24%
17%
*49
800
62
17 y8
13
Baldwin Loco Works v t c
.—100
Baltimore & Ohio..——
loo
4% preferred
—
Bangor & Aroostook— .—50
100
Conv 5% preferred—-
19,800
18,700
8,300
15%
*11%
*24Va
52%
15%
.
11%
62
24%
30
11
15%
15%
11%
61%
.17%
16
For
2334
63
*62 Va
29%
*11%
24
U%
.11%
62 Va
23%
24%
*52 %
is y8
15%
15%
11%
:
*17Va
•
51
*49%
8%
62
62
62
24%
*l7Va
15
24
*
Belding-Hemingway
Bell Aircraft Corp
Bendix Aviation
—10
Apr 24
5% Jan
3
10% July
2
5
5
18
9% Jan
3
9
% Jan
3
13 Va
Jan
4
66
Jun
21% Apr 25
12
Jan
4
.—50
43
Jan
24
1
—No
par
-23
No pat
-1.
—50
20
14% Sep
13
14% Aug
9
15
31
May 22
105% Jun 24
73/4 Jun
8
25 V» Feb
Jan
11
111% Jun
12
3
31
—No par
—
10% Jan
—l
10% Apr
—5
3 3/a
8
July 20
60
—No par
'-'*-5
24% Oct
18% July
25
33% Jan 13
34%
3
263/a Jan 24
18
July 5
12
53
30
5% Jan
Aug 21
18% Mar 17
Jan
12 Vb
Jan
13% Jan
18% Mar 15
Deo
28% July
15 3/a Sep
Sep
191/4 July
47
20 a/a Mar
May
333% July
23 Va
*29
105 Va
*110
Jan
243A Jan
31% July 10
35% Aug
2
20
3
353/4 July 11
117
Feb 15
13
July 6
l53/4 Jan 11/
46% Sep
1
Jan
Jan
Dec
7% Nov
l08% Sep
11% Jan
253/4 Jan
Jan
03
9Va
:
Dec
9% Nov
33
Nov
l43/fe
Sep
Sep
33% July
114
Aug
111/8 July
20% Mar
39 Va
Apr
Monday
Sept. 30
Oct. 2
$ per
$ per share
20
54%
20 Va
20
*53
'55
*40%
41
'
20%
1,200
54%
54%
100
Pr
*41%
41 Va
1-400
Best
pfd $2.50 div series '38_No par
& Co
■—
No par
3,000
Best
Foods
41%
40%
41%
18%
18%
18%
18
18 Va
18%
63%
64%
63%
64%
64%
65%
122 Va
122%
122%
122%
122%
50%
50%
50%
50%
21%
22%
22
22
10%
10%
122%
50%
22%
'10%
10%
10%
*19
20
'
28,000
123
22%
51
51
800
22%
22%
900
*107%
11
11%
10%
11
10%
19%
20
200
18%
330
11%
7;
20
*19 Va
20
18%
18%
*18%
18%
*107%
109%
*107%
103%
*19
18%
109
•
v.
*18%
~
Va
23,200
109%
*109
—
-V
100*
Bigelow-Sanf Carp Inc
—No par
& Decker Mfg Co—No par
Blaw-Knox Co
No par
5
No par
preferred—,—100
v
*93
56
:
16
15%.
16
49
43
49
94%
95
94Va
94%
94%
94%
56%
*55%
56%
55%
94%
94%
*55%
%;
55%
Bloomingdale Brothers
& Co
!
'
47
47
117
*116
33
33
33
33
40
39%
397/a
39Va
40
45
6
45
*50%
20%
7
337/a
40 Va
40 Va
40 Va
39%
40
*50%
50%
44
20%
'300
7
'
11,700
11%
11%
11%
11%
11%
11 %
11%
11%
11%
12
11%
12
40%
40%
40%
39%
40%
39%
40%
40 Va
40%
40
40%
46%
*45Va
46'A
*45%
46'A
46%
46%
47
47
400
52
52% 7
800
20%
20%
3,400
42%
42%
600
*45 Vb
45
50%
a50%
50 V2
*50%
52%
*51%
52
20%
20%
20%
20%
207/a
X20%
20%
41%
41% %
41%
41%
*41%
41%
21 %
21%
21%
21%
21%
12%
12
12%
12
12%
50%
50% %
50%
20%
20%
20%
42%
42%
42
42
21%
21%
21%
11%
12%
12
%>'.
123
*121
.
.
\r
*121
123
*121
123
*121
12%
12%
11
11
11
11%
10%
11%
10%
11
11..
67%
67%
67%
67 7/8
69%
69
70%
70%
9%
11%
70'A
*
10
10
10
20 Va
20%
20%
20%
10
20%
,
10
10%
20%
18%
18%
18%
39%
40%
41
41
41
41
33%
33%
33%
33%
33%
110%
*
r-i 0 OO
Z:
*108%
110%
*108%
110%
14%
14%
14%
14%
14'A
14%
14%
14%
5%
*5%
5%
5%
5%
*5 Vis
:
*5%
5%
C4%
64%
600
18%
18%
18%
1,100
41
.41%
2,300
33%
33%
33%
4,300
108%
108%
100
110
14%
.
14%
14%
5%
5%
6,100
14%
5%
5%
'•
'v
/■
64%
64%
64 %
64 Va
*64'A
66
*64'A
1.100
66
48
47%
47 Va
47%
47%
*47'A
48%
*47%
48 y2
11%
31%
31%
31% v
*31
31%
*31
*11%
11%
11%
11%
11%
40
V
3%
3 Vo
3 Va
13%
13%
13%
3%
'
141.4
81%
81'A
23
23
27%
277
55%
56
27 3a
27%
*55%
55%
,/.■;'
1 />
1
1
81%
31%
23
81 %
*22%
6%
6%
6%
20 Ve
20%
6%
30%
40%.
40%
*30%
fcVk
37%
41'A
41%
42%
9%
10%
9%
48%
48%
*47%
48%
8%
*8%
8%
8%
8%
112%
112%
75%
37
146
31
*5%
,
37%
146
51
51
35%
102
102
146
121%
122
18%
4%
18%
4'A
*113
113
113
10%
10
10%
26%
26%
26%
11%
11%
*11%
11%
6%
6%
42%
*12%
6%
14%
-
•
32
5%
700
37%
2.900
51%
50%
51 %•
35%
35%
102%
102 %
102%
102%
13%
122%
18%
Celanese Corp of Arner—
122%
150
14
18%
18 3A
4%
21
21
'
2,500
28%
32%
*18%
43
43
42%
46
6%
6%
14%
14%
12%
8.600
26'A
1,000
11%
11%
*11%
11%
19%
28%
114
*19
28%
114
43%
*43
*13
32%
32%
6%
6%
6%
113%
113%
19%
19 Va
19%
*18%
28%
*28
28%
28%
114
*113%
43%
*42%
13'/a
*13
33%
5,800
6%
7,300
Certain-teed
500
*13
-
19%
100
1,300
113%
43%
1,100
*12%
13%
46%
46%
4 6'/8
46'%
46%
46%
46%
46%
7,200
6%
6%
*6%
6%
6%
6%
6%
6%
1,400
14%
14%
14%
14%
5%
5'/2
5%
5%
•5%
5%
*5%
21%
21%
21%
21%
21%
21%
21%
14%
14%
14% '
14%
14%
5%
5%
5%
1,900
22 %
22%
22%
22%
3,000
26%
26%
25%
26%
25%
25%
25%
26%
25'A
26%
24%
25%
9,000
46%
46%
45%
46%
45%
46
45%
46%
46
46 'A
45%
46%
9,800
17%
17%
17%
17%
17%
18'A
18%
18%
2,800
19%
19%
*19'A
19%
19%
19%
*19%
19%
2,300
*47
18%
18
18%
19%
19%
19%
47 %
56
*15%
*15%
*46
47%
*46
47%
*46
47%
*47
47%
56
*46
*55%
56%
*55%
56%
*55%
56%
*55%
56%
56%
56%
16
*15%
16
*15%
15%
*15%
15%
*15'A
15 %
*15%
15%
15%
15%
*15%
15%
*2%
*15%
15%
*15%
3
2%
2%
*2%
*26%
15%
15%
15%
*2%
3
3
3
3
3
27
27
27
27
26%
26%
27%
*26%
91%
92
91%
92%
91%
92 %
92
93
93
93%
93%
22
21%
21%
*21%
21%
21%.
21%
21%
21%
*21%
*21%
*26%
27%
3
27%
94
29%
30
30
9%
45%
*9%
~9%
*9%
45%
45%
45%
*155
185
*155
88
*85
114%
115
*43%
43%
29%
9%
9'A
9%
9%
9%
46%
*46%
46 %
46%
*84%
*114%
114%
45
*43%
185
87
115%
44%
109
*155
*84%,
*114'%
44%
*43%
107%
107%
*106%
109
*93%
95
*93%
95
*93%
95
93%
*53
56
*52
56
*52
56
*53%
33%
34
36%
36%
149%
*136
137
33%
34%
33%
36%
36
36%
149'%
36%
*147
*147
149 %
137%
137
137
137%.
G3%
63%
*62 %
63%
63
63
*29%
29%
29 y2
29%
29%
29%
*107%
108%
*107%
108%
*107%
*37%
*36%
38
37%
37%
*113
114%
*113
*18
18%
18
107%
37%
*113
18%
114%
18
114%
18 %
*84%
115%
109
34
36%
*147
137%
*155
40
8.200
*84
115%
45
107%:
Cotton
Chile
Corp
137%
*137%
34%
36%
149%
138%
30
107%
107%
108
37%
108
37% «87%
114%
113
18%
18%
60
34%
36%
*147
137%
62
*29%:
107 %
*37%
34%
2.900
36%
2,300
600
63
210
30
1.200
107^
90
37%
500
114%
10
18%
18
18%
3,200
18 %
*18
18%
320
17%
13%
18%
18%
300
*16%
17%
*16%
17%
18%
18
18%
*17%
18
18%
18
*16%
18%
17%
18
17%
17%
*16%
17%
32%
32%
32%
33%
33
33 %
32%
33 %
32%
33%
5.000
32%
32%
32%
32%
32%
*32 %
32%
32%
32%
500
32%
32%
For footnotes
*32
see
page
1543.
18
17%
18
Clev
preferred—
No par
Climax
gtd 4%
(The)
—
_
-1
100
7%
gtd—.—50
stock
—50
& Pitts RR Co,.
No par
Molybdenum-./.
No par
100
Coca-Cola Co (The)
—No par
Class A
——No par
Colgate-Palmolive-Peet
No par
$4.25: preferred
—No par
Collins & Aikman
No par
5%
conv
preferred.
100
Colo Fuel & Iron Corp
No par
Colorado & Southern—
100
4%
non-cum
1st preferred—100
4%
non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A—,_2.50
Cluett Peabody &
Preferred
149%
137%
5%
Special
18%
18
—100
Graph Bronze Co
18
*16%
Louis Ry. Co.——100
El Ilium $4.50 pfd-'
*
18
& St.
preferred-
Clev
*113
113
O.
Clev
54
.
C.
5%
10
*53%
63
*17%
C.
Co_
—
-
—
Ola,"
B
18 %
Jan
42% July
13
Jan
20% July
Jan
10 % May
118% July
Jan
104%
3
Jan
9% May
43
Nov
54% Aug
Nov
10%
6%
14 %
Jan
16
Nov
247/a
Jan
20%
6
9
Jan
31%
109%
Oct
Jan
15%
Jun
Jan-
'—2.50
Jun
6% May
41
Jan
75
21%
Jan
49
5%
Jan
10% July
20%
Jan
29 Va
May
Oct
Nov
8
2%
16% July 10
86y2 July 10
25
Sep
1
9'/a
Jan
5% Apr
18% July
65%
Nov
83%
16
Jan
25 Va May
Jan
Apr
30% July
5
22%
Jan
30% July
56% Mar
8
52%
Jun
56
Mar
1
% Mar
'
19%
27%
7
42% Oct
5
29%
Jan
38
3
4
12% July 12
6%:
Feb
11% May
51% July 14
36%
Jan
47% July
4%
Jan
1% Jun 28
7% July
10
-July
6
4
5% July 10
3
4
4
14% May 4
1% Jan 3
May 29
77% Feb 7
24
5
Jan 12
Feb 17
Jan 7
Jan 3
111
Apr 21
37% Apr 20
106
Mar 27
Apr
31% May
Jan
Jan
9%
46% July
97%
Jan
3
Dec
Jan
Jan
40% Jan
Apr
Mar
X85
3 Ve
Apr 24
Jun 9
Jan 2
Jan 3
Apr
Jan
25%
Mar
9%
40
50% July 27
1
6%
35%
148
76
Apr
18% July
29'A Apr
35% July
May
105
Sep
Oct
Jun
Jan
29
5
No par
,
Equipment
60
54
36%
Clark
100
*53%
34%
Stores
City
Jan
Nov
14% Jan 5
56% Mar 28
-
—
45 '/a
54
63
17%
700
1.100
9Va
29%
13%
No par
—
114%
94%
*147
New-
760
:
Jun
X13%
No par
.—100
Ice & Fuel
107%
*93%
36%
25
5
Copper Co
Chrysler
*44%
113%
94%
34
Oil
Co
City
*16%
32 %
pf ($2.50) cum div
Yellow Cab
*106 %
*93%
149%
No par,
No par
No par
-—10
No par
preferred
conv
Pr
■
City investing Co
87,
93%
29%
1
*31%
40
50
-—50
Chicago & Northwest'n w i__No par
5% preferred wi
-—-—100
Chicago Mail Order Co
5
Chicago Pneumat Tool
No par
tChilds
44% May
21% July 10
31% Sep
5
8
11
Feb 18
44
Apr 19
5% Sep 14
11% Jan 3
4% Jan 3
18
Jan 4
21% Apr 25
43% Sep 14
15% Feb 24
16% Jan 3
38% Jan 7
47
Jan 6
13
Jan 4
5
—25
No par
A
900
185
87
63
*36%
9%
48
29%
*113
9 Va
48
29%
*62%
.
29%
185
*155
87
*43%
*114%
*106%
34
185
*106%
*106%
*147
*
47 'A
*155
■
29%
29%
29
29%
*93/«
88
43%
30
*46%
185
*85
*114%
1,300
Jan
32
23
Chicago Great West RR Co
5% preferred
Chickasha
37%
July
Dec
108
Jan
27% Jan
5
Chicago
400
44
6'/a
19% Apr 20
No par
Apr
30%
July 10
.
12%
Jan
Jan'
6
Jan
Dec
20%
7
6
1
54
Mfg—
100
22 y
70
70
_30
8% Nov
38%
33
23
44% Jan 12
100
$3
15%
v
Fib Co
Chesapeake & Ohio Ry—
Chic & East 111 RR Co
48
18%
18
Pap &
Cab
Class
Nov
Dec
preferred
Checker
1,900
5%
22
5%
6%
Nov
45
Jan
Chesapeake Corp of Va.—
13 %
13%
6%
Products
prior preferred—
Champion
14'/a
Jan
6
4
9
3
17% Apr 13
Copper
Chain Belt Co
100
Nov
32%
No par
1
6 %
14
5
Jan
11%
3
17
Apr
20
Oct
31%
96%
113
7 11
6%
28%
127%
No par
Cerro de Pasco
28%
113%
114
43%
43
13 %
114
July
16
Century Ribbon Mills
114%
33%
33
6%
113%
39
Jan'
May 13
Central Violeta Sugar Co
6%
Jan
2%
Jan
2% Jan 13
107
Jan 31
'8% Apr 22
20% Apr 19
■ 7% Jan 15
30% Feb 15
4% Apr 19
57
May l
tCent RR of New Jersey
26
32%
Oct
26%
May
%
—No par
10%
26%
112
.
—100
10%
*26%
-32%
30
39
—-100,
10%
26%
300
Jan
151
Foundry Co_—
— 1
Central 111 Lt 4%% preferred—100
10%
11%
Dec
22%
Apr 19
Central
*26%
*11'A
35
113
4
:—No par,
Central Aguirre Assoc
1.400
30
Jan
4
33
20
3,900
46 %
*12%
13%
43%
114
*113
113
113
Corp
*10
6%
114
114
July
17
143% July 12
preferred
10%
116 %
*27%
114
*113
4%
5%
26
6%
19
114
114
4%
4%
Celotex
330
preferred
2d
7%
51
27% Jun
Nn par
No par
—_100
No par
$4.75 1st preferred
1.700
Jan
No par
2,000
i
96% July
100
Preferred
3,400
103
56 '/a
Jan
97
1
——25
Co.
I)
21% Mar
Jan
38%
21
6
6
17
3
3
25
3% July
6% Feb 19
43% Jan
4
5
Co
35%
18%
20%
4%
•
21
*18%
20%
4%
102%
(J
Case
33% Jan
8% Jan
42% Apr
10
Caterpillar Tractor
13%
14
13%
20%
,
122%
122 %
122 %
14
i
Steel
15% Jan
23% Feb
100
Ry
Ohio
&
50 %
*49%
35%
Clinch
'
A—1
class
Carriers & General Corp—
260
35%
5 % Jan
.6
May
1
Capital Administration
$3 preferred A
Nov
3iy2Sep 19
Feb
8
Apr 25
Apr 18
Jaij, 3
Apr 18
3
53% Feb 24
Cons Copper——5
Hecla
Jun
July
Nov
12% July 12
24% Jan
par
50
Zinc-Lead
&
Carpenter
146%
5%
No
Packing
preferred
Carolina
37%
38
146%
5%
280
*146%
5%
5%
37%
35%
*122
Byron Jackson Co
400
112%
*31%
146%
...
10
50
50
32
*18%
113%
7
28%
*18%
18%
46%
46
400
112%
4'A
11% 711%
6%
115%
115
28%
10%
*26
32%
32%
32%
115%
114
300
9%
'
113%
27%
48%
*9
113
18%
20%
4%
9%
6%
5%
7.400
*48
*31%
37%
10%
8%
50
*49
21%
18%
21
*4%
7
26%
115%
14%
18%
21'/a
*4%
122%
13%
14%
21
18%
21 Va
102%
*121%
122
14 Va
14%
102
102%
*102%
10%
320
43
10%
112%
31
146
30%
4.100
48 %
8%
50
4.300
*42
Copper
California
28
2%
12Va
67 %
20
i
30
—5
No par
—100
No par
preferred& Zinc
conv
Byers Co (A M)
Participating preferred
11%
19
100
2%
4
19% July
Jan
41%
6% July 5
72
Jun 27
52% Mar 6
8% Jan
Jun
85
15% Jun 30
43'A Apr 25
Dec
19% Mar
Jan
3
6
54
40
11%
Jan
9%
3
100
Bldg 7% preferred—100
—_—10
Term
13%
Jan
Jan
4
69% Apr
121% July
Jan
76
2
33% Oct
110% Mar
L»p
Jan
6%
41% July 17
May 12
Jan
16
12Ve Jan
preferred
6%
Bush
Jun
Nov
9%
1
Butler Bros
17
20% July 13
20% Feb 24
27% Jan 25
107
Apr 17
Terminal
Bush
Jan
27%' Jan
.
< 31
par
1
.,—100
No par
8%
Jan 16
44% Aug 14
Jan
4 % 23
July 3
Jan
3
12% Oct
4
Jan
6
123
Oct
6
Jan
4
< 12% July
8
Jan
3
72
Oct
6
Apr 19
11% Jun 29
17
Jan
4
16% Sep 19
Campbell W & C Fdy
—No par
Canada Dry Ginger Ale
5
Canada Southern Ry Co_
.—100
Canadian Pacific Ry
1
25
Cannon Mills
No par
6%
20%
51
51%
35%
10%
*48
112%' 112%
37
146
37"%
37%
*144
31
*5%
5%
5%
5Va
38
*49
50
113
31
31
31
31
*49
113
36
*18%
10%
No
;
Calumet
6%
30%
-
1
No par
-
Callahan
3.800
7',<
par
Forge Co__•
1,700
-1
:
20%
6%
48%
50
>
207/a
41
50%
9
6%
20%
41
36
*112%
6%
10%
112%
4%
20%
*8%
*49
.
30%
51%
32%
'.,*i
NO par
No par
No
Burlington Mills Corp
5% preferred
Burroughs Adding Mach
70
30%
36
*113
1.100
55%
30%
51
14%
27%
55%
•
30'/a
36
.
20
*27%
56'A
48 Va
146
*121%
v
27%
*55%
8%
'
*144
1
,27%
56 %
1%
30%
<40%
400
27%
,
.6%
.
23%
5
100
J.
'
.Bulova Watch
5%
81%
'.
Bullard Co
Butte
2.000
81%
23'A
10%
50
*112%
•
7
240
81%,
23%
10'A
-
*49
'
2.000
*23'A
81
48 %
10%
*47%
*8%
6%
30%
30% .31%
41
*40%
31
•
20%
20
14'A
23
27%
20%
3%
14'A
81%
: ,*55%
6%
20 Va
:
3%
14%
23
27%
27%
3%
14 %
81
:•
23
56% 7.56'A
1%
;• .I •' -.
a
*3%
3%
14
14
81%
*22%
1 Va
3%
3'A
14%
14
.
'
Wheel-
Buffalo
100
"
*3 %
;
preferred
700
31%
*31
31%
*31
,11%
11%
11%
$5
par
Co_.
preferred
(E G) Mfg
Budd
60
65
11%
31'A
*31
3,900
*47%
11%
13 %
10%
21%
*21
*64%
■
48
,.*47%
-
41%
*108 %
110
*108%
..
18%
33%
18%
Budd
3,210
.
40%
41%
33%
.
33%
18%
18%
18%
33 V2
29,400
72
10%
20%
38%
18%
....
Bucyrus-Erie
7%
1
20%
9%
10
9%
20%
*20
.'
11%
7 1
7.1
...JVo
Bruns-Ealke-Collender
1
4
27
39%
17%
8%
116
5%
47%
7%
July
54
27
4
29
22'A July
40% Feb
8% Jan
No par
Brown Shoe Co
Jun
Feb
Sep
Sep
Oct
Oct
July
July
Oct
Aug
52% Aug
12% July
44% Aug
50
July
52% Oct
14% Jan 13
5
Corp
Maine RR
&
-
10
123
V 123
11%
67
2,800
34,000
12%
12%
'
123
7
21%
21%
21%
21 Va
*121
123
.
8,800
Boston
Nov
38
5
16% Oct
5
Jan 28
39
Jan 14
40% Jan 4
15
(assented)-100
Bower Roller Bearing Co
-5
Braniff Airways Inc
—2.50
Brewing Corp. of America
15
Bridgeport Brass Co
No par
Briggs Manufacturing
No par
Briggs & Stratton—
No par
Bristol-Myers1 Co
5
Brooklyn Union Gas
No par
40
45
(The)
Borden. Co
Borg-Warner
7,000
50%
*50'A
1
57
Jan
20% July 5
18% Oct 3
108% Sep 23
Jan 26
52%
Apr 18 1
95
Jan
4
55'A
Jan 26
48
109% May 8
117
28% Jan
3
3414
34% Jan
3
41%
3% Jan
3
7%
37 Va Jan
7
45
12% Jan
3
21%
100
1.500
44
19%
50%
*50'A
50%
11,jo0
i
Inc
preferred
4%%
11% Oct
45
88%
46 Va
33%
No par
17%
Feb
110%
126!''2 July 10
51% Oct 5
25% Aug 30
3
12% Jun
—5
No par
B„_
Stores
Bond
\
—_5
Brass
A
class
2,900
6
45
20%
20%
7
7 '
6
20%
*43
45
20%
Class
200
117
117
5%
5%
57/a
*44
7
POO
34'/a
33%
5%
45
•20%
*50'A
50%
*50%
50%
5%
45
20%
20
20%
20%
5%
5%
*44%
5%
5%
*44'%
34
33 V4
39%
33
40
-•
47
46%
47
117
Aluminum
Ami Co
'
30
46%
32%
V
32%
117
&
Bon
59
*116%
47%
*46
*116
117
*116
117
Co
Bohn
;v" 40
;
95
Va
*53
55
*54
Boeing Airplane
1,300
28,900
.49
■
'
4 7 '/'a
A
*47
47%
*47
*116
16
157/a
49
*03
94%
*55 %
15%
49
16%
49
*48%
49
*48%
,
15%
16%
15%
15%
49
7% Jan
13% Mar
22%
>
5
20% July 15
66% July 11
3
{ per s'Kre
54%
6
41% Oct
16
Jan 4
14% Mar 14
93% Mar 4
16% Jan
Laughlin Inc
&
Bliss
Blumenthal
-
15%
48%
20% Sep
Highest
per share
56% Jan 24
37% Feb 24
Black
Lowest
:
$ per share
•
33% Jan. 28
15% Jan 20
56% Jan
4
115% Feb 2
.
1
preferred
1%
■
No par
(Del)
Steel
Bethlehem
1,300
51%
22%
51%.
22%
•
64%
*122%
123
123
50%
50
*22%
20
18%
109 Va
*107%
'
.
10%
•
*19
18%
18%
122% :
v
18%
64%
•
20
*19%
18%
107%, 109%
18
18'A
63%
*49%
18%
20%
55%
41
18
122%
22
'
-
20 Va
*54
share
17
Jan 4
537/a Apr 21
No par
Loan
Indus
Beneficial
*19%
62%
18
62%
Shares
share
S per
par
55
*53'/a
41 Va
41 '/a
41
41
■
17%
62'A
EXCHANGE
20'/a
20
20
54%
$ per
$ per share
$ per snare
share
*'53
20
20
*53%
$ per
skare
Year 1943
Range since January 1
Lowest
Highest
STOCK
YORK
NEW
for
the Week
Oct. «
Oct. 5
Oct. 4
Oct. 3
Sales
Friday
Thursday
Tuesday
...
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
LOW AND
Saturday
1535
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4323
160
Volume
Apr
39%
Dec
147
Dec
40
Nov
26%
Jan
40%
96%
24
Dec
5%
Feb,
120%
54% July
- Oct
11
15% Jun
27
8%
Jan
J.4%
5
16%
Nov
21
Jun
6
123% Sep
103
19% July
16%
July 11
4% July 5
23
114
Sep
Jan
1%
Jan
97%
15
Jan
Sep
Apr
July
23%
Aug
3
Jan
18%
27% Jun
23
13
Jan
25
11% Sep
8
3
Jan
37% Jan
4
X33
Jan
3
Mar 20
15
Jun
3% Mar
111
Jun
Dec
8% Nov
41
Apr
Jun
27
Jan
7%
Jun
116% Oct
3
32%
Jan
72%
Oct
20% July 20
30
July 5
16%
Nov
18
Jan
19% Apr
24
July
114% July 13
99%
Jan
109
Dec
46% July 10
8%
Jan
34
July
50
July
9
13% Aug 23
6
33%
Jan
9% Mar 25
2%
Jan
9% May
18% Mar 25
7%
Jan
17 Va May
7% Mar 22
2%
Jan
25% Mar 22
10%
Jan
7 % May
21% Jun
Mar
48
29% July 12
65% July 13
18% Jun 27
21% July 12
47% Sep 12
56% Sep
26
19 % July 10
17% Jun 23
3
% May
30
July
98% Jun
25% July
8
Oct
J0% Aug
'
48
Dec
54
11%
Jan
13%, Jan
1
Dec
Dec
May
15% Apr
18
Jun
3% May
5
67%
Jan
85% July
3
10% Jan
27
Feb
Apr
15% Aug
63'A
Dec
8%
Jun
2
4
6
Jun
22
5
3
45% Jun
Jan
22
' Apr
41% May
19
Jun
109
Nov
6
32 Va
115% Jan
90
16%
Jan
36%
Jan
Oct
48
185
Jan
15%
-
24%
77% Aug 16
30
%
2%
32%
Jan.
Nov
123
Mar
67
Feb
39% July
Dec
145
74%
Jun
109%
Jan
19
28%
Jan
116% Aug
42 Va Dec
12
101 %
Jan
108%
Dec
Aug 11
84
Jan
92% Sep
52% Mar 22
53% July 22
50
Feb
54
Sep
30% May 3
38% Mar 15
33% Nov
48
'/a Mar
40
July
92
Jun 16
34% Apr 20
145
Feb 18
ill
Feb 26
59% July 17
23% Jan 6
'103% Mar 2
25% Apr 25
109% Feb 29
Apr 19
Jan
3
Jan
4
Jan
4
Jan
4
25% Jan
4
14%
11%
12%
13
.26%
96
,
39% July 12
33%
Jan
July 11
142
May
153
Sep
146% July 11
88
Jan
123
July
61
Dec
152
67% Jun
1
30
5'
Oct
108% Jun
7
38
Sep
1
114
Jan
11
20% July 10
23% May 27
68%
Oct
25
Dec
16%
Jan
Xl03%
Dec
109% Juiv
17%
Jan
'28% July
Jan
114%
108
13% Nov
2%
Jan
Oct
19% July
19
Sep
Sep
Jan
19%
Jan
33% Jun 28
15%
Jan
17% Sep
26% Dec
32% July 10
15 Va
Jan
26%
24% May 27
23
May 26
3%
3
Deo
FINANCIAL CHRONICLE
THE COMMERCIAL &
1536
AND
LOW
i
y
per snare
4%
85%
80
*78
4%
45/8
85 %
853/8
*78%
80
*78%
•
4%
43/8
4%
4 %
85 %
85%
85%
86
86
86% '
79%
.79%
79%
79%
79%
79%
86
86 '/a
86
86%
87
89
90
1.606
20
19%
193/4
193/4
193/1
20
20%
19%
20
2.100
Columbia
*19%
44%
44%
44%
44%
423%
42 %
42%
42®/8
44%
42
,
26%
26
95 %
95%
3%
3%
24%
243/4
16%
■'
Jan
Jan
3
86% Oct
6
40%
Jan
77% Sep
70
Feb
7
bu
y
37
Jan
73
No
par
84
Feb
14
93% Jun
15
79%
Jan
par
16% Apr 24
39 % Jan 25
22 y4 Jun
23
98% July
19% July
Carbon
86
86%
28
28
28%
x27%
263/s
27%;
96
27
28%
28%
96 3/4
963/4
96%
96%
3%
33/4
3%
243/4
24%
24%
24%
24%
108%
108%
108%
25%
5%
25
25%
15,700
11%
1,400
534
6
32%
163/a
163/4
16%
17%,.
17%
17%
17%
173/a
163/4
243/4
243/4
25
24%
24%
24%
24%
*24%
108%
108%
26 %
26%
26%
■*6%
8%
8 3/e
108%
11
*42
46%
47
46 %
8%
8%
283/8
28%
28%
28%
29%
*28%:
29%
*28%
16%
16%
21%
43
20 %
12%
513/a
513/4
51
12%
59
59
180
179
25
*3%
25%
25
110
110
25%
20 3/4<
21%
.
51%
51%
25%
19%
19%
21%
46%
200
21
203/4
513/4
513/4
12 34
12%
48
21%
3,700
123/4
48
22%
*48
160
22%
525/8
52
60%
x60 %
60%
178%
X177%
178 %
60%
178
200
3,800
19%
19%
102%
102%
102%.
Products
6%
6%
4
2,000
6%
4
Coty
6,400
2534
26
109
*25%
25%
700
24%
24%
25%
24%
24%
23,100
36%
36
36%
36%
36 3/8
1,100
48
48
48
25%
*47
48
102%
:
19%
102 %
101%
16 34
17
16%
*140%
150
*140%
*140%
150
*140%
*24%
25
243/4
*27%
27%
55%
55%
5%
5%
*223/4
163/4
10%
29
10%
10%
*126
.*.•
10s/8
10%
•55%
5 s/8
5%
17%
173/4
17%
17%
*121
125
*121
24%
25%
24%
243/4
5%
18%
400
1,900
19%
190
102
24%
.
36%
8,400
;■ 80% /
23% >
16%
;
15
7% Jan 27
105% May
480
1,900
29%
700
40
55
57/«
6
*121
,
25%
25
500
,
31,700
preferred
Wheat Corp
5%
-i.—.100/
preferred——
.100
Sugar---.——10
preferred—
Cuba RR 6%
Cuban-American
preferred
—100
30
5
100
—
Cudahy Packing Co—
Cuneo Press Inc_
preferred
Curtis Pub Co
(The)—;r—No par
$7 preferred—
Prior preferred
Cm-tisR-Wrlght
-
A
Class
25%
/ v:
1,700
No par
No par
—
—
——1
—
16
Jan
23%
Jun
x4%
Jan
11%
Jun
Jan
110%
96
18%
107
Oct
Sep
Jan
36%
Jun
Jan
15%
Jun
40%
Jan
49%
Sep
4%
Jan
25%
Jan
Jan
7% May
37% July
27% July
7
22
x9%
Jan
15
July 31
45
Jan
53
July 12
13%
Dec
37
Jan
53%
Jan
5
6
61% Oct
6
173
184% July 10
Jan
3
7% July
6
5
Apr
Aug
17% Aug
47
Apr
61% May
Dec
186%
Sep
6
2%
Jan
6
Aug 18
14
Jan
2% May
May
'
18% Feb
27% Jun
7
104% Jan
20
20
Jan
111
Oct
14%
28
3
16% Jan
3
27% Feb
1
Jan
9
97'/8 Jan
20
28
Jan
69
Jan
3
11% Feb
10
112
Jan
17 %
22% Jan
Jan
Apr
41
Apr
4% Jun
14% Jun
Oct
47
Oct
Jan
17
81 Vz
-27%
Jan
99% Aug
'
Dec
Nov
82% luly
22% Aug
Jan
Jan
14%
Jun
Feb
115%
Dec
105
1
18
Jan
Aug
2
11% Aug 31
100
108
25% Oct
26%
Jan
1%
107
Jan
30%
July 11
Sep
1
56
Jan
17
6% Jan
7
5%
1»% Oct
6
14%
6
96
Feb
15%
Jan
125
Sep
27% July 17
Dec
45%
Nov
21% Apr 28
Oct
116
Dec
9
Jun
7% May
Jan
6
114% May 20
July
7%
Jan
140
Oct
38
9%
10%
29% Sep
4
4
25
24
31
Jan
x66
5
Sep 12
29% Mar 15
5% Aug 25
97
„
Jan
11%
143
25
22% Jan 18
101
July
23% July
18%
36% July 10
81% July 5
28% Mar 10
4
20% Jan
Aug
23% Mar
Jan
37%
19% Aug 17
103% Aug 10
4
Jan
9
Aug 21
49% Aug 29
3
Feb
/15%
108 %
Jan
16%
39
•45
22% July
Jan
95
25% July 11
24% Oct
4
3
No par
pfd
Cutler-Hammer Inc
Aug
Jan
Aug 18
5
Jun
1% Jan
5
Dec
16
89
5
52% Oct
28
Apr
Dec
47%
52
10
52 Vb
18%
Jan
25 %
3
44% Jan
Jan
22
13% July
4
173% Apr 29
Jan
7
19% July
Mar 20
1
100
1
—-
Cushman's Sons Inc 7%
125
—5
Corp—
No par
Crucible Steel of Amer——No par
11,900
18%
_1
1
25
—100
(The)——2
No par
Co—
4%%
19,100
25
———100
,
$5 conv preferred—.
108
10%
.
Crown Zelierbach
7 %
253/4
Co——20
Trust
4%
33% Jan
30 y8
Oct
33%
47% Aug 25
8% Oct
5
46
15% Jan
27% Mar
23%
19
12% Aug 12
10% Jan
Nov
27
13% Mar 16
38% Feb 29
47
17 %
43 V* Jun
24 ya Apr
.
29
Mar 10
3
Sep
21% Mar
112% Aug 31
32% Feb 10
10
May 24
41% Jun 16
5
—50
Corp—1
Refining
—
conv
5
27% Oct
10
8
29%
Nov
110% Aug 30
V
3%' May
19% May
Nov
28
14
Crosley Corp (The)
Crown Cork <te Seal
—No par
$2.25 preferred—,.——No par
150
*547/s
18V*
5%
Cream of
1,900
19,600
*126%- 128
;
6
125
*121
25%
10%
18%
18
125
10%
55%
*55
55%
5%
*107
127
127
129
55%
53/4
29
283%
108
*107
*553/8
125
25%
283/4
108
253/4
25%
25
24%
*28
128
128
150
*107
28%
108
*107
353/4
V
5%
*121'
;•
25%
80
55%
17%
17%
125
*273%
28%
130
130
55%
5%
131
.
.
10%
10%
10%
.
108
*107
108
17%
16%
25
243/a
25%
23%
150
25
*121
*80%
23
24 3/4
150
131.
80%
23
*140%
16%
*140%
10%
35%
80l%
23%
16%
16 3/4
27%
36%
80
163/4
17
*107
36
80
17
23
Feb
20
Jan
9%
21
5% Jan
—
Crane
560
"
19%
19
19%
1023/8
25%,
35%
23
79 %
23
5
Apr
July
24%
51
Sep
105
3
17% Feb
26% Sep
Inc_
Internat Corp——
Coty
4
15%
Preferred
700
6 3/8
3%
108 %
36%'
793/4
23
16% Mar 10
4
No par
Electric
Bank
Exch
Corn
253/s
79%
2?%
35%
79%
23
8
15
.-No par
prior
Corn
109%
35%
35 %
35%
79%
Aug
14% Jun
Sep
—5
preferred—
Copperweld Steel Co
Conv pref 5%
series
180
■
35%
25
Cooper-Bessemer Corp_—No par
Cornell-Ducilier
Feb
3
102% Jan
6%
24% July
Jan
2%
—1
Continental Steel Corp
$3
7%
18 % Jan
$2.50
Del
of
%
4
17% Oct
—5
Motors
410
6%
Fibre
27
3
—20
Inc—
Insurance
Oil
4,300
4
110
Continental
61%
*2514
101 %
—100
preferred
52 3/4
179
102%
19
193/8
19%
8%
Continental
25%
*47
'.
by8 Jun
12
Corp of America-..——20
Continental
22%
363/4
46 %
pfd—No par
Jan
26% Oct
Jan
Jan
Jan
13% July 19
32% Oct
4
5
,11% Jan
.
Dec
4
3
24
"3%
15%
91%
5
July 10
108% Oct
13
7% Jan
45
$4.50
4% July
25
15
2% Jan
16% Jan
12
2,300
123,600
36%
22%
*36%
47%
-1
-—50
Can
25%
25%
110
25%
36%
*102
102 3/s
*3%
111
25%
21%
*46
47
6%
6%
25%
25
110
25%
178%
4
21%
37
47
*102
*3"%
60
59%
179
36%
21%
21%
*36%
6%
6%
4
110
110
253/8
*25
178%
179
6%
6%
59%
59%
59
13
23
pfd—100
—25
Diamond
'
48 %
12%
.
48/4
'
*178
98% Jun
17
Continental Baking Co—No par
2,700
44
21 %
23
3% Feb
par
6%
Pow
Consumers
;
21% Feb
102% Jan
——
Continental
16%
43
*48
23
95% Jun
No
Container
29 3/4
16
42%
123/8
4
2934
2934
16%
48
8% Feb
Cuba
of
preferred
Continental
283/4
42V8
12%
6%
28%
283/4
15%
48
*3%
8 3/4
42
12%
July
-No par
5,100
/
47
16%
48%
51
293/4
29%
8%
42%
12%
;51
28%
28%
48 3/4
83/4
16%
48
21%
-8%
•;
42%
12%
27
/
2,800
11%
16 %
48%
Jan
4
Jun
No par
3,300
407/a
42%
12%
21%
'
463/4
8%
28% Oct
Nov
2,300
200
40%
11%
11%
3
Jun
3,200
■
.
8%'
*11%
40%:
46%
540
,*1093/4 112
112
11%
48%
21%
8%
40 34
8%
*42
42%
:
27%
8 %
12
11%
16 y8
16%
*27
2734
40%
46%
*28%
29%
16
10934
393%
11%
8%
109
8%
*10934
Dec
.24% Jan
1 % May
11
Y
Consolidation Coal Co—
$2.50
109
263,4
,
••/•'
112
*1093/4
47
28
28%
*283/4
8%
11%
V 7%
7%
28
273/s
8%
82
pfd—:
conv
Consol RR
?
51
*50
40 3/a
40
40%
27%
11%
v.- 47
7 3/4
13
163/a
163/a
51
.108%
46 3/8
11
47
110
8 3/a
110
110
112
40%
40 34
8%
83/8
109%
27%
27
27
*110
112
40
109
51
*50
'
*110
*16
*50
13
*12%
16
51
13
'
Jan
Laundries
$1.25
'
109%
108%
13
16
*50
13%
16%
*16
51
*50
51
*50
13%
133/a
Jan
24%
1,200
323/4
16%
3%
36%
25
2,100
32%
16%.
1% July 13
87% Mar 11
Jan
13%
323/4
% Feb
Sep
Jun
July
Jan
16%
32%
16
Jan
3,500
32%
Jan
2%
24%
323/8
9%
10%
243/4
32%
16
17%
24%
32%
18% Jun
12
Consolidated Vultee Aircraft—1
32%
18
Jun
16
•7,200
32%
44%
July 15
51,200
11%
Jan
Jun
17%
11%
29%
29 % Apr
32%
11%
July 15
19 y4
17
11%
50 '/a
July
l
3
preferred——No par
Corp
5
Consolidated Natural Gas—
15
11%
15
41
44
Jan
$2 partic
Consol
107%
v:
28
Industries—
Film
Consol
Jan
>—No par
5
—
N
Jan
104%
10
17%
253/4
26%
11%
*13.
of
25%
10
20% Jan
$5 preferred
25%
5%
6
5 5/a
253/4
11%
133/8
prefeired
15,400
"
1,300
8,200
*11%
16%
$4.73
19
•
Consoi Coppermmes Corp——.
Consol Edison
108%
11%
16
5,000
108s/s
*11%
24%
410
4
Jan
43% Jun
106% Jan
21% Jan 27
'
11%
*13
97
2 4 3/8
.
5%
5
233/4
3%
4
30%
3
—No par
.—No par
Congoleum-Nalrn Inc
Consolidated Cigar—.
3,100
.
6
Jun
Oct
11
79
No par
Conde Nast Pub Inc
1,300
108%
24%
108%
5
18
27
,
Co——25
Edison
Commonwealth
13,000
28%
28
July
Jan
14 '/a Apr
par
preferred series———No par
$6
47.
9
5%
40% Feb
Commonwealth & Southern—No par
5,900
:
■
24%
23%
*17
283/4
V
283/4
96
4
108 3/a
1083/4
4%
23%
;
27%
28%
263/4
273/4
3%
■;
17%
27
18
*26
96
24%
:Y
Commercial Solvents———No
;
Mar
R
Feb
105
Nc par
7,700
18,500
is
28%
Invest Trust
100
:
5% Mar
Apr 25
37% Jan
;—10
Comm'l
'
.
87%,
.
*17
*17
26%
27%
,
87 %
—No par
preferred—
conv
2.700
■/
16F?
li
,
87
'
18
*17
if}
'
86 3/i
273/4
16%
Co—,
Credit-
Commercial
4 V* %
48%
48
u
preferred
$2.75
400
1,700
1173/a
*1073/8
163/4
%
:
n
85%
4
*108
%
%
.85%
96
24%
24
2.4
16%
li
26%
4
4%
*4%
•
i6V8
18
*95 %
108
108
16%
16 %
26%
26%
26%
25%
47%
27%
*17
18
*26
47V4
18
273%
273/4
*17
47%
85
•85
85%
-'-.27%
47%
%
U
%
47%
1173/8
47%
';
42
,.42
42%
117%
*1073/8
163/s
16%
16%
16%
84
41%
*1073/8
45
*44'%
44 %
42%
II73/8
42
*1073%
473/8
47
47%
46 %
44%
44%
44%
1173/8
*1073%
1173/8
*107%
•
1%
76
Pictures———No
86%
*19
413/4
$ per share
100
Columbian
*85
90
87
20
*43
Highest
$ per share
par
preferred
<"85
,
$ per share
—100
No
preferred series A
5%
y
Lowest
4
6%
120
Year 1943
Highest
$ per share
Par
Columbia Gas <fe Elec
2.300
,
Lowest
,
13.400
4%
4%
4%
80
Range for Previous
Range since January 1
STOCK
Shares
85%
■
YORK
EXCHANGE
the Week
$ per share
$ per share
NEW
for
Oct. 6
Oct. 5
$ per snare
per snare
y
per snare
85%
4%'
85
Oct. 4
Sales
Friday
Thursday
Wednesday
Oct. 3
Oct. 2
Sept. 30
STOCKS
HIGH SALE PRICES
Tuesday
Monday
Saturday
Monday, October 9, 1944
9
Sep
% Apr
24 % Mar
119%
Nov
26% Jun
i.
D
V
*10
25
v'
41
.*10%
;
15%
14%
111%
*111%
40
41 y8
43%
42%
42%
*36%
38
*36%
38
36%
*21
21%
21%
21%
32%
31%
42%
36%
21%
32
42%
32%
42%
42%
32%
/■
32
■
7%
7-%
7%
7%
7%
203/8
20%
20%
20%
.
*36%
.21
31%
7
7%
20 3/8
20%
*61%
65
393/4
;
65
*61%
40
*22
14%
40
*21
1
(J
,.t.
111%
•
113
39%.
38%
10%
25
*22
15%
15'
*111%
113
38%
25
*?2-U.
15%
15
*111%
1Q.%
10%
10-',4
10%
*22.
.
39%
:
*61%
40%
;
40%
20%
10%.,:
*10%
25
*
"
>\y
22"
•
O
'
113
*111%
40
40%
10%,
25,:,
-"15%
.10,%
.>221.
300
10%
15%
111%
20
40%
40%
2,800
Decca Records
*43%
43%
2,000
Deere
36%
*36%
367/a
300
*21
21%
200
43
43%
5,300
7%
7%
7%
7%
9,500
20%
20%
20%
20%
2,700
Detiolt
31%
32%
33
32%
*61 Vz
7,100
*61%
39%
39%
40
40%
41
1,620
3?
32%
32%
32%
1,300
315/a
31%
31%
"31%
31%
41
40%
40%
*40
40%
*40 y8
40%
*40%
40%
*40%
40%
100
16%
16%
16%
*16%
16%
16%
16%
16%
16%
16%
16%
2,900
33%
11,200
32%
32%
32%
32%
103
*100
102
*100
32%
32%
32%
102
102
102
19
47%
*47
47%
70
40%
41
40%
40%
1,200
Doehler Die Casting Co
22%*
22%
23%
23 y8
23%
6,100
Dome Mines
68%,
68
40%
*40%
23
22%
22%
22%
1 125%
125
126%
126
68
69
127
i
68
111%
*111%
41%
42%
40%
68%,,
127%
127%
*111%
112
*111
70%
Vz
69
.
127%
128
111%
111%
111%
40%
41%
*111%
68%
68%
41%
13
133/s
13%
13
12%
.
125%
*125%
125%
:
*117
117%
154%
154
154
125%
125%
125%
118
118
118
13
127%
127
127
112
111%
12%
13%
13
13%
13%
39%
39
39%
39
18
17%
17%
164%
189%
*188%
46%
46%
46%
17%
189%
164
164
164%
22 Vs
22
22
15
15%
15
15%
*188%
..
47
7,400
Kastern
17%
2,300
Eastern
17%
17%
18
164%
165
*164%
166
188
188
*188
189:
*21%
22
14%
15
47%
47%
47%
47%
*21%
,
22
22
22
14%
15
14%
14%
1,600
2,100
300
2,800
45
45
45%
45%
45%
45%
45%
12%
13
12%
13
12%
13
13
13%
8,500
4%
5%
10,700
4%
4%
4%
4%
93
93%
92%
87%
87%
*86%
4%
4%
4%
4%
4%
47/a
93
*91%
93
87%
*87
87 %
5
5
5%
4%
4%
4%
4%
2.800
92%
*91%
92%
900
87%
45
*44%
44%
44%
44%
44%
44%
*44%
44%
333/4
*32%
33%
33%
33%
33%
33%
*33%
34
*64
"
.
14%
101
101
65%
'166
106
14%
15%
16
16
16%
106
•
64%
*105%
14%
14%
*101
101
.
101%
101%
100%
*101%
101%
101%
101%
*101%
*%
n
%
%
101
1
16
64%
106
14%
103
101
101%
1
16
*63%
*105%
14%
101
100%
*101%
1
16%
65%
106
14%
16%
16
*63%
65
*1C5%
106
14%
*86"%
44%
*33%
16
*63%
106
15%
87%
400
44%
1.100
34
300
16
2.400
65
200
106
130
100%
101
101
100 V*
101
101 %
101%
1017/a
12
13
14%
15%
19.000
100%
101
1
2,700
92%
87%
100%
370
*iooy4
101
*101%
102
i
1 Vo
450
11%
56%
For
11%
11%
11%
11%
11%
11%
11%
11%
11%
2.200
11%
11%
11%
11%
11%
11%
11%
u%
11%
16.100
footnotes
56 %
see
56 %
page
1543.
56
56%
56
56
56%
57%
57
57
1,100
Aug 10
29% Jan
5
8
41
Oct
6
32% Jan
31
28 Va Jun
3%
9% Mar 22
,
16%
5
Jan
10% May
22% July
Jan
i
40
Mar
48%
Jan
Jan
35% July
33% Mar
37
42
Sep
17% July
Jan
42%
11
5
8%
Jan
17
36% Mav
9
21%
Jan
35%
Oct
3
83%
Jan
20% Sep
20
10
Jan
38%
Mar 31
13% Jan
95
Apr 14
15% Jan
3
102
Apr
17%
26
X27% Feb 29
1
100
Nov
May
Oct
Dec
16% July
Feb
45
Feb
34
15%
Jan
25%
Sep
44
Nov
73 %
May
21% May 12
May 13
47
26
131
Jan
5
122%
106% Jan
7
113
Aug 30
28 V* Jan
21
43
Oct
6
8% Apr
19
14
Sep
28
11% Feb
Feb
11
7
17% Jun
162% Jun
28
19
123% Jun
6
128% Mar 24
124
114% Apr
137
116% Sep 26
10% Feb 28
120% Jan
130
115%
Deo
121%
Sep
Dec
146%
July
Oct
Jun
22% Sep
170
May
Sep
184
Jun
35
Jan
11%
30
25
Jan
*173
Jun 29
Sep
9
Feb
30%
Jan
39% July
14% Oct
6
15% Sep
3
37y2Jan
4
45% Aug 18
.
Nov
14
8%
Apr
18
13% Sep
25
3% Jan
4
5% Oct
6
1%
Jan
Jan
10
45% July
29
50
_1
—3
Apr
Aug
8% May
195
Ind Am shares——
13%
11%
171
Boat—:
159% July
Dec
44% July
7
Inc_
Nut Co
—
Electric, Autc-Lite (The)
—
Jan
Jan
24
Edison. Bros 8tores
Jan
Jan
Jan
1
9
134
20
10% Dec
Nov
Feb
16% May
Dec
35% Jun
Jan
3%
175
2
107%
Jan
5%
9%
157
3
Dec
16
31%
18
Jan
*106%
May
2
3
41
153
Dec
6
25
4
Nov
July
40% July 14
14%
Apr
6% Jan
par
—
Elastic Stop
■,
19
Sep
Mar
5% May
6% May
3% Jun
9
5% July
3
1%
81% Apr
3
31 %
Jan
par
78
94% Mar
4
28%
Jan
88% Nov
$6
25
24
92
par
99% Mar
$7
par
3
39 V* Apr
47% July 11
33%
Jan
42%
27% Feb
28
7
34% Aug 31
23%
Jan
15
13
17% Sep
Electric Power
& Light-——No par
preferred—
No
preferredNo
Electric Storage Battery..—No
El
Paso
Natural Gas—
Emerson Electric
4%
Mfg Co.
-4
;
preferred
—•-
RR
Ctfs
of
common
benef lnt
pref series A—
5
49%
Jan
5i%
July
101 %
Dec
103%
Dec
2%,
Jan
9%
Sep
19
3
87
Jan
3
102
Sep
Jan
3
103
Aug 23
104
par
par
92% Jan
10
par
x—No
No
No
% Apr
25
par
No
No
par .100
—
Sep
feep
3
25
8% Jan
89
X32
Nov
16% Aug 25
68% July
57 y2 Jan
l
Bldg
5
101V4 Jan
Public Service——
$5 preferred—
No par
preferred
Sep
.100
Engineers
$5%
Apr
„50
Johnson Corp
Endlcott
Erie
11%
11%
July
64
-100
—-No
preferred—
Manufacturing Co
Electric
21
3
33
Kodak Co
Elec & Mus
12
Feb
36% July
20% May
17% Dec
;•
Jan
22%
„5
Stainless Steel Corp—..
$6 preferred
tEquitable Office
40
11%
56%
Eaton
5% Jan
18% Jan
52
Jan
Jan
8%
38%
„10
cum
6,600
113/8
*11
6%
12
Aug 28
Airlines inc.—
Eastman
20
29
48
par
Eagle-Picher Lead Co—
4.900
3
5
July 10
37
45% July 10
27% July 12
70% Oct
2
.—1
International
Duplan Corp_
No par
-20
Du P de Nemours (E I) & Co—
$4.50 preferred
No par
.100
Duquesce Light 5% 1st pfd
13%
36% Oct
22% July
3
3
Jun
Sep
July
5
par
'39%
164 y2
47%
170
44%
88
*14%
1,500
:
4%
92%
65%
125%
117%
189%
17%
1,100
4,300
13 y8
4%
16
17'
45%
92%
65 %
13%
155%
43
4
6,200
200
24%
Jan
43% Jan
Dunhill
1,800
.
45%
*4%
4%
443/8
43
13
/
13%
*323/4
125%
*116
39
46%
45%
101
117%
13
22y8
13
*100%
125%;
*116y2
39%
15%
45%
*105%
125%
117%
117%
154%
13
22%
*86%
125%
125%
13
*16%
17
154%
38%
189%
-
46%
4%
13%
154
13
164 «/2
190
15%
12%
17
17
38%
17%
17%
165
*188
*22
13%
154%
12%
,
*164
46%
16%
153
42%
Jan
33 % Jan
2,800
111%
42%
42
38%
13
39
16%
12%
16%
154%
16%
154
38%
12%
16%
153%
118
*15%
16%
*15%
42
10
26
par
Douglas Aircraft
—,
No
Dow Chemical Co
—No par
$4 preferred series A
No par
Dresser Mfg Co
—-—No par
11,300
'
41%
Ltd.
3
27
41
18
-20
12
Ve Oct
45% Jun
par
No
—No
No
A—
Class
116
113% Anr
17
-50
Co——No
Cup
19%
47
47%
40%
69%
Dixie
*19
20
*47
40 Vz
68%'
19
19%
*19%
47%
*40
22%
103
40%
20
*47
40%
22%
33%
47%.
*19%
47%
22%
-
>101
19%
20%
*40
'
33%
103
*100
47
*193/8
*47
•
33%
33%
102
Jan
12
May 24
17% Jan
500
65%
*39
108%
111
32% Apr
17% Jan
par
*61%
13'/a Jun
Jun
5
400
65
40%
Mar
tS 19
.100
—
Oct
Cfc 19
Jan
18
RR Co-. .100
Devoe & Raynolds A
—No par
Diamond Match
No par
-25
6%
partic preferred—
—2
Diamond T Motor Car Co~——
Distil Corp-Seagr's Ltd
No par
.100
5% preferred———
7%
Jan
12:
-10
Edison———
Jan
17
16% July 10
36% Apr
Detroit Hillsdale & S W
65
65
3%
5
22% July 26
—20
—
7%
32%
*31%
31%
Preferred
20%
*21
10% Sep
4
par
No
Co
&
6% Jan
19% Mar 17
21% Jan
—1
Inc-
Deisel-Wemmer-Glibert J
Delaware & Hudson^—;—
Delaware Lack & Western
21
*40%
.
.—8
i
-25
preferred-———
Davison Chemical Corp (The)_. —1
.100
Dayton Pow & Lt 4%% pfd
111%
40%
31%
16%
Davega 8tores Corp
5%
v«,.j y
> 15%
133
36%
43
37%
%'/
21%
15
15%
U"
108% Jun
26
54
Jan
57%
Jan
92.
Sep
92% Sep
96
Dec
62%
Jan
1% Aug 10
V*
Jan
1 % Mar
13% Mar 22
8%
Jan
16% May
Jan
16% May
52% May
.July
1
$% Jan
4
9% Jan
3
13% Mar 22
46% Jan
3
59"%
July 17
8
39%
Jan
THE COMMERCIAL &
Number 4323
Volume 160
Oct. 2
Sept. 30
$
$
*84%
88
88
*84%
13%
12%
12%
12%
12%
S per share
S per share
share
*84%
'
88
12%
12'/3
5 per
per share
*84%
88
12! 2
Shares
*84%
88
13%
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13%
6.600
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13%
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14
13%,
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40%
40%,
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43
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1,100
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42
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14
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103
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142
140
113
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115
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130
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•
13.400
300
$5
54%
400
Gen
12
11%
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1,200
23
22%
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Gen Precision Equip
10
1.500
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:
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104
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38
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:
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154
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163
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55
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105
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For
105
footnotes
see
8
8
*105
106
7%
105
page
—
28%
28%
19%
*14%
15
■
"
13%
32%
28%
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1
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8
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8
105
105
.
108
151
151
105
20
105
Gulf
9C-9
9,800
713A
Jan
18% May
;
98 % May
20'%
Jan
8
130%
Jan
39'% July 11
303/4
Jan
39% July
433/4 July 12 A
34
Jan
44
29'% July 12
19
16
Feb
24
10
153
Sep
•
Jan
140
4
Sep
117
11
32% May
■
26
% July
119%
Sep
3
Dec
120%
Dec
1% An,93
Nov
148
113% Jan
8
117
17
10
'
3
3% Sep
Apr
Jan
Jun
8% May
Jan
4
Aug
9%
Jan
7%
Jun
151
Jan
2%
July
July 13
83'%
Jan
107%
1313/4 Aug 24
128%
Nov
137
July 12
130% Oct
4
44'4
Jan
50
125%
NOV
66
Sep
July
July
131% May
Jan
4% Jan
3
Jan
6% July
18% Apr
26
17
13%
Jan
11% Aug 21
4'%
Jan
24'% May
8'A Jun
%~July"~3
3*2
Jan
6% Jan
25
19% Apr
112
Apr
l'/sJan
3'% Oct
%
f.
2
Vb May
25% May
Jan
115
Mar
Aug
1%
Jan
Jan
Jun
~
12
90% Sep 29
3l"%
25
25% July 10
15%
Jan
Sep
23% Mar
19% July 12
9%
Jan
15%
4
9
6
60
Jan
91
16%
Jan
15%
Jan
July 15
22
253% Jun
8
17
Dec
24%
31
14
Feb
143/4
19
Jun
23% May
113
Jan
108
July
Dec
25 %
Jan
Jun
105% Aug 23
xl3% Oct
17
6
90
Jan
x99% July
Jan
4%
4
Jun
19% Oct
7'% Jan
11 Vb Jan
x83
30
15
113% Apr
193/4 Feb
69
Sep
93
20
Jan
59
26 3% Jun
Jan
19
25
Apr
52
Aug
1
Jan
74
May
5
14%
Sep
59
Jan
85%
Oct
Jan
22% July
41
1
Jan
143/4
July 11
45
9% May
Jan
603% Jan
7!
18% Jan
Jan
48
■
Jun
1% May
3% May
97'A Aug
:■■■
■fa Jan
33/8 Aug 21
Jan
4
13A
85% Jan
123% Sep
6
73%
Sep
40
Feb
543% Jun
19
24%
Jan
98
Jan
104
Feb
17
83
Jan
36% Feb
50
Jun
19
25 Vb
Jan
41% July
112% Jun
26
90%
Jan
5
4%
Jan
108% July
r
9% Apr
4% May
3/4 Jan
2
104% Jan
17% Oct
8%-Jan
*33/4 Jan
-5
20
15% May 18
9% Feb
8
32% Jan
3
23% Jun
28
'
Dec
Jan
17
13% May
19
Oct
6
8
16
July
5
7%
25
29%
Feb
38% Sep
25'% Mar 15
17
July 12
41
Oct
6
Mar
8
143% Feb
15
156
Aug
2
May 23
67
Feb
3
52% Oct
17
11
preferred—i—
—100
Mobile & Ohio RR__—No par
orpferred
..No vnr
123
Apr
18
3% Apr
3
Jan
26
6%
;
Jan
29
17
29
2% May
Jan
3%
3
19% Feb
Apr
Oct
7
3
43% Feb
Sep
,
5
24% Jan
11
45%
102
Aug
14% Jan
25% Jan
57
3
;
.
5% July
7
l'A Jan
1
5
24 % July 15
12'A Jan
24
Oct
2
23
Apr
July
37
;
24 *
Dec
26
13%
Dec
21%
Jan
Sep
18
■,
July
Apr
32% May
27%
23'A Nov
Jan
Jan
154
Dec
Sep
65
Jan
31'A
Jan
50
Sep
14'%
Jan
21%
Dec
11
Jan
13% July
138
57%
17% May
10'% Nov
6'% Aug 12
2'A
Jan
5
Jun
Aug 12
81%
Jan
160%
Jun
Jan
10% May
176
3
16% May 17
3%
3
59
23
25%
Jan
41'% May
Jan
42'A Sep
15
49% May 19
44'A
Dec
50% July
223/4
Feb
28%
Sep
35
Jun
38
Apr
6% Jan
33
23
Corp.
4% Oct
22% Jan
No par
No par
Sugar..—
X104
Aug 24
2% Aug 10
3
2
74'% Sep
50
Aircraft Corp—
120
14% Jan
par
300
—100
——1
No par
123%
28% July 10
5
11
19 3% Apr
par
Prop—No par
6% pfd—No par
No par
2
Nov
39
51'% Jan
:
par
par
par;:
——10
233/4 Jun
3
1% Apr
1
No par
Oil
Gulf
43%
7% July 10
Jan
preferred———10
Jun
H
&Z:•rv-.
*32.
8%
3
11% July
Jun
9%
Jan
Mar
134
2%
(H L) Co Inc.—.
Greyhound Corp (The)
5%%
8
53/4
6
20
17'%
—
Guantanamo
155% Sep
6
Green
Grumman
93% July
24
Aug
133/b July 26
& West RR_
Bay
51
Mar 18
Sugar
Western
28
Dec
107
Jan
102
Ore
Iron
Nor
Green
21%
11%
22%
*5%
'
13
44%
44%
.
11 %
21%
22%
5%,
5%
*
11%
21%
■
*54
Croat,
Jan
37
18% July 10
102 % Aug 14
115
-100
-1
Co..
Great Northern Ry
Great
102
6
128
preferred—u.^_>——.——20
Preferred
154
154
*153
5% '
6
14
52% Oct
54'% Oct
City Steel—
(W T)
Grant
"
11%
Jan
14% Oct
107'% Jan
3
Grand Union Co—
>23'%; .24%
63%
11
2 % Feb
preferred—No par
No par
14
38%
24%."
Apr
28
Graham-Paige Motors
Graphv Cnpsol M S & P-
38
14%
*38
Apr
4
112
Gotham Hosiery.—
2,100
Jun
14%
53%
Jan
21
40% Jun
(B
convertible
6%
Jan
Jun
3
93A
51
3
35
Oct
36 3A Jan
preferred
19
18%
>23%
39%
154
900
4'%
3
25 % Apr
Feb
F)———-No par
$5 preferred——No par
Goodyear Tire & Rubb:——No par
'
16%
*153
*4%
30% July
140
(Adolf)
———L
1
tGoebel Brewing Co——
1
Gold & Stock Telegraph Co—100
$5
Jan
125% Jan
preferred
Goodrich Co
19%
18'/a Jun 23
4% May
10
Safety Razor
conv
47% July 18
4% Jan
preferred—————100
4% %
14%
V5/a Jan
813A Jan
Gobel
600
111
17%
.
5%
39%
26%
154
>
2%
3%
Jan
Feb
99
conv
Jan
Jan
4
—No
No
Glmbel Brothers.!—r-——No
}
$6 preferred———
No
Glidden Co (The)
No
$5
July
1%
6 3/4 Jan
110
Gillette
300
51
3% 5
118% 120
49%
111
39%
;
1.200
*103%
'
49%;
*16%
26%
154
•
103%
4%
24%
*23%
1.6%
39%
24%
2%
4%
38%,
38%
.
•
10.900
1.500
51%
17%
19%
700
99
*49%
52
*4%
14'%
14%
14%
38%
5%
■'
120
18%
*18
38%
17
A-
,
7.900
•
4'A-
4%*'
18
39%
26%
"115
50%
"
s
114
103%
18
14%
38%
3%
3%
*38
14
14
*38%
2%
3%
114
13
86%
Jun
preferred—;
,— .—100
Tire & Rubber Co——5
4% %
Jun
5
9%
Jan
143
10c
6%
43/b
Sep
Sep
2'%
73A Jan
General
50
105
24%
50%
2%
3%
1,200
98'A
■i..'.--
24'A
50%
2%
50%
5'A'
18
*17%
24%
50%
2%
3%
5'A
4%
24'/b
50%
103%
16'A
18
24
.;
18%
:
98%
50%
5%
*4% •/ 4%
98
*102%
16%
5%
5%
18%
50%
16'A
16%
16%
18
.
Jun
Dec
14
41% Apr
series——No par
No par
General Shoe Corp
1
Gen 8teel Cast $6 preferred—No par
General Telephone Corp—
—20
Gen Time Instru Corp——-No par
100
;•
24%
y <; 12%
86'%
88
98;,.
114
114
110
110
111
*11.0
13
2%
3%
-
48%
48
48%
48
3%
12%
*86
17%
:
112
*104%
98
51
2%
2%
113
113
114%
*112
105
17%
24
24
*49'A
51.
*49'A
>
24%
*104%
88
*86
.'.*25%
24%
17%
"
*96%
23%
23%
23%
49
24
24
.
98
n%
.
98
*97
98
>
*104% 105%
23%
104%
500
25%
28"
*23%
*23%
1,400
28%
*25%
<
23%
23%
25%
25%
"28%
110%
105%
3.350
19
91%
23%
23 %
19%'.
91%
18%
90%
25%
900
19%
90
19
91%
31%
54'% May 19
General Refractories—^
1.900
.23%
Jan
May
10
10 Ve Feb
$6 pref opt div
300
',*■
19
•
61,200
'».■'
23
•
90%
*110%
*104%
■\
19%
110%
*110%
23%
90%
*28
28 %
*28
28%
110%
23
19%
25%
*27%
23%
89%
■■■'■
92%
25%
.110%
fcy
rV.'O
vf'.-rtft?"-"-
*18%
%r
4%
89%
89%
89
,■
17
f
51% Feb
New
■
38% July
7% July 10
x213/4 Aug 30
——_10c
No par
Signal
6% preferred—
Gen Realty & Utilities
9,500
Dec
1
—No par
Corp—No par
Gen Railway
*120
*120
:
1%
1%
A—
Gen Public Service-
4.800
26%
2
293A
3
1
preferred-—No par
$4.50 series A
"26%
26%
26%
75
17
5
4'% Jan
—No
preferred——
Outdoor Adv
Common-
*105%
Feb
50
13% Feb
General Printing Ink—
97%
v
10%
16
51
par
—
63,%
130%
54%
*105%
\ 1%'
15«%
Jun
par
—No par
General Motors Corp
63%
*128%
63%
130'% V
*10
25%
20
22%
10
26
-
21
5
Feb
15% Sep
No par
>. $6 conv preferred series A-No
par
General Mills
No par
5% preferred—_——
—100
11%
22%
10
*7%
1%'
*120
*120
11%
100
..
19 % May
Jan
Jan
7
4
25 %
No par
54%
63%
*105%
26
26
25
26: '
131%
*53%
"11%
\
*105%
"
>_I%
131%
*129%
10%
10
131%
63%
22%
10
22%
*105%
*131
20
141'%
116'A
Jan
5%
5% July 10
July 5
3
Gen Gas & Electric A—
■
*138
*114%
Corp—_—.—No
Foods
$4.50 preferred-
:>
30
9.800
3%
3%'
General
2,900;
115
.
10'A
16%
116
2% Jan
preferred—
cum
5
12
26
105
2% Jan
12% Jan
105
Dec
Dec
Apr
18
No par
——5
5
No par
5
—No par
9'% July
53
17% Sep
23
42% July 12
—^100
Inc———No par
1% preferred—^
——100
General Electric Co„———No par
1%
54
4
———No par
A_
13% July
Feb
29% Jan
103
Apr
General Cigar
60
42% .42%
115
^
115%
54
54
•/;■■
141'%
130'%
53'%
*9%
10
"*23
310
27%
152%
*138
62%
*129%
53%
22%
.23
•105
*24%.
99%
*112
%
130%
63
62%
130%
*1%
Class
1,000
16%
3%
3%
140
113
*131
43
*114% 117
*140
*9%
General Cable Corp
.38
38'A/
3%
3%
114
*22%
5,100
152%
153
42%
117
*114%
3%
141
11%
1,000
6%
27%
37%
"
43
43
116
3%
>:
43
*113%
3%
43
38'/a
.37%
37%
*110
*53
.
*152%
*140
62%
*130
10%
99%
27%
153
—
General Bronze Corp
16%
16%
153
preferred
$8
155%
Jan
36% July 11
—
6 %
99%
27%
141
131%
*131
'•
16%
99%
"
112 V
;
General Baking—
*154
93/4
39%
3
1
preferred
—
Amer Transportation
10%
15%
153
*152%
113%
3%
3%
*138
Gen
2,500
6%
27 %
27
37%
42%
113%
*110
1,900
8%
10
99%
*26% V 27
113%
43
42%
113%
52%
8%
.
$6
'
37%
37%
.
100
"
153
37
1,600
155%
15%
'
*152%
8%
99
99%
14%
107%
,
52
6%
6%
6%
16%
99
98'%
26%
10
10
10
,
6%
6%
16%
98
26%
10
>9%
10
10
*154
155'%
*154
155 %
*154
155%
*154
■
170
14%
.107'A
Jan
30% Jan
Gaylord Container Corp„...
5
5'%% conv preferred
—
50
Gen Amer Investors
-No par
52%
*106'/4
14
Jan
20
Wood Industries Inc
*106'A
14%
107%
14
2,300
54
54
54
14%
*106%
107'%
8%
20%
54
54
*53%
■
14
*13%
106%
20%
20%
20%
20%
20%
20%
Gar
10,400
Jun
Jan
3%
15
No par
$3 preferred
7'%
7
Co—
Gardner-Denver
70
*63%
7%
200
16
16
16
28
19%
Jan
preferred—
_20
Co (The)—Ao par
' Jun
30%
4
cl A,.No par
(Robert)——
—1
36
•
8
1
Co„
Jun
July
7
13
70
Jun
22%
109
5
23% July
18
Jan
(The)
Inc
Jan
Jan
Gamewell
1,750
43
Co
Co
6%
500
15%
42%
51%
.16%
97%
Galr
*15%
8%
26%
Gabriel
6,500
43%
51%
97%
3,700
4%
15%
8%
-.*13.
6%
4%
15%
51%
6 %
6%
4%
43
51%
G
6%
4%
15%
106%
*9%
*6%
43
51%
155
6%
253/4
5
13% Jan
preferred ———.—100
4%
40%
*106%
*8%
360
15%
106%
*154
113%
70
*52%
4'% %
Trailer
Fruehauf
113%
15%
20
700
Jan
10
Freeport Sulphur Co—-
1,700
41
Jan
97"%
39%
Jan
15%
2
143/4 Oct
66% Jun 22
1
16
prior
July
8% July
5
20
Corp—
10
preferred—
—25
Francisco Sugar Co—---No par
F'k'n Simon & Co Inc 7% pfd—100
6%
1,700
,
10
—
43
313/4 Aug
9
11'A May
53% Jan
1
Inc——
Machinery Corp
Jun
50% Jun
58% Mar
3
43% Aug
100
Foster-Wheeler
108
31%
6%
14
17'%
17
41
*15%
54
*53
*13%
60
31%
*63%
20%
20%
20%
20%
5,700
22'%
41
7
7
22%
32
16
*63%
22%
*104
70
16
*15%
61%
Food
31%
May 13
38% July
5% May 16
.—10
Corp—
preferred
conv
4%,
,'w.
24% Jan
Steel
Food Fair Stores
40%
40
5%
6%
6%
4%
—No par
Follansbee
4,500
113% 113%
■V
——No par
Stove Co
;
3
19
Aug 31
109
13
Florsheim Shoe class A
400
Jun
44
Nov
19%
Jan
26% Jun
34% Jan
600
41
■:
25%
4
13
500
31%
31%
50'% July 20
Jun 27
4
104'A Jan
98'%
Jan
Jan
18 % May
Apr
25% July
Jan
12%
42
35% Jan
par
No par
(The)
Co
Florence
1,100
.
—No
preferred—j-—No par
$4.50
7%
*22
108
*104
108
31%
31%
31%
31%
*104
108
Flintkote
6,600
—100
—
Stores
14%
17%
17%
78%
6
Dec
6%
Jan
27% Aug 21
109
preferred,
National
260
22%
22%
17%
17%
17
17
.
6%
,
.22%
Oct
102
25
4'%%
First
61%
61'%
*60
*22%'
3
103% Apr
23%
14%
22%
5
Apr
18%
<
Jan
15
Nov
29%
Deo
Feb
3%
28% July 10
Jan
,
18'%
51
47
14%
22%
3
8
Y—$2.50
Rubber——25
105% July
13
4
17
193/b July
Jan
5
Jan
.
Jan
Jun
10% Aug 18
22% Jan
93
Jan
No par
preferred
100
Corp——!«——1
6%
23% Oct
26
24
Dept Stores——
conv
May
11%
86
24
19% Apr
5
Mar
28
Nov
21
4
23
Aug
105
17
No par
42
Nov
8%
30% Nov
2
17
17% Feb,24
18
Apr
%
17
14% Jan
21
Jan
—2
Corp—
Enamel
42'A Oct
26'% July
27
7%
47%
61%
100
20
43/4 July 14
25
Jan
30%
47%
21%
3"/4 t>Ui.V
38% Feb
38
*14'%
*22
Jan
45
37
14%
■"*'
22% y
>104
108
31%
,
40%
40%113
17%
\
*104
108
31%
22%
29 '/4 Mar
Fidel Phen Fire Ins N
30%
47%
*60
61
*22%
Nov
Firestone Tire &
109'%
14%
•
:
5
1.200
400
47%
22
22%
22%
21%
44% Oct
—_5
Min & Smelt Co
4 'A %
■
Ferro
1,200
7 %
Jun
3
4,300
20%
7%.
.
*
14%
700
44
47
.;
14%.
61
62
21%
*22
7%
7%
Jan
14% Jan
.—15
———-No par
Federated
250
37%
37%
*30
30%,
53A
9% Jan
Traction
$6 preferred
108
*108
;109 %
*108
29
49%
50'%
23%
23 %
■22%
I
15% Jun
3
Federal
v
108
.
44
18
18
3
Federal-Mogul
43%
103
,
43%
37
30%
47
:
*14%
14%
62
62
62
47
47
14%
.
,
108
109%
*108
109%
30%
'
43%
20%
37%
*37
•
107%
42%
43%
109%
*103
49%
107%
43%
22%,
22%
49%
x49%
108
43%
*42%
50
Jun
9% Apr
21% Jan
26%
49%
50%
49%
%,
49
.:
9%
21 % Apr
Federal Motor Truck
102
*26
26%
*26
49%
49%
49%
49 %
49%
49%
43%
*107%. 103
26
Jan
33'A Jan
2,600
28%
27%
101%
28
28%
28 %
*101
33%
No par
3,300
10
9%
10
'
Jan
4
& Co
60
800
Nov
68%
13% Oct
Fairbanks Morse
1.000
23%
78
84% Aug 24
2% Jan
&
share
per
19
—2.50
Light
Highest
share
per
15
Corp
Federal
share
6% Apr
Fajardo Sug Co of Pr Rico
-20
Farnsworth Televis'n & Rad Corp_l
4.600
23
*22%
23%
Corp—:——_
per
78% Feb
Exchange Buffet
103
22%
23
*22%
22%
22%
*102%
103
*102%
23
22%
22% :
*22'4
■'
.:.
103
:
23
22%
*21%
Co
Products
Ex-Cell-O
13.100.
14%
16%
14.
*16
Cleaner.™
Vacuum
Eureka
S
I per share
50
5
5
*—3
RR Co
Erie & Pitts
88
Year 1943
Lowest
Highest
.
Par
2.000
13%
Lowest
J
:
t
per snare
*84%
the Week
$ per share
EXCHANGE
i
Range since January 1
STOCK
YORK
NEW
for
Oct. 6
Oct. 5
Oct. 4
Oct. 3
•
Sales
Friday
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Monday
Saturday
1537
FINANCIAL CHRONICLE
Water—.——
..23
preferred class A.—
-23
Hackensack
*32
32%
28
28'%
860
19%
20
900
Hall
*14%
15
200
Hamilton Watch Co——
*108
106
18%
150
*7%
105
110
>
7%
Printing
106
70
19
3,700
150
50
Hanna
(M A) Co $4.25
Apr
27% Sep
.11% Apr
No
par
—100
8
200
105
110
6%
Hat
No
preferred
May
21
Aug 31
3
Jun
14
15% Apr
24
21
6
151
138
Jan
5% Jan
14
(modified)—100
104% Jan
5
A
16'A July
5
12%
Jan
9'%
18% July
Jan
15%
106'% Aug 11
Apr
1
Corp of Amer class
6'%%
par
-100
July 17
111
102
pfd„No par
Refrac^
preferred—
23
38
26
11
106
■
Harbison-Walk
4
28 '
15% Mar 13
to
Co:
preferred——
20
27
July 24
July 10
Oct
4
27
July 12
8% Jun
110
13%
135
4%
86
18%
Jan
July
144'4 May
Feb
Jan
7% May
109%
Jan
1543.
>.:?
Jun
110% July
104% Mar
.
t-:
-if'
Oct
■
LOW
$
per share
HIGH
<T
per share
$
Oct, 6
$ p*r share
$ per share
per share
'
8%
8%
8%
8%
8%
8'A
'
10714
10714
74
*162
165%,
166
*160
23'
130%
24%
*45
45%
16%
17%
24%
*23%
*22
22%
"44%:
45%
*44%
45%.
*16%.
16%
16%
16%
17%
17%
17'A
17
.
•
16%:
17%
:
17%
17%
17
34%
3,700
33'A
33%
33%
33 14
33 Va
1%
1%
1%
8%
8%
9
27%
27%
*1%
1%
9
*814
9
27
27
27
27
■15
15
15%
15'/a
26%
27
27
15
15%
14%
4%
4%
4'A
4%
4'A
28%
23%
28%
28%
28%
28%
28%
17
16%
16%,
16%
16%
16%
17
38
38%
38'A
37%
37%
37%
38%
14%
15%
4 %
,4%
4'A
29%
17%
39
„
25% Aug 31
14%
Jan
21% May
——1
Holland Furnace (Del)———10
20% Jan
21
23% July 11
16% Jan
25% July
47% Sep
5
28%
40% July
17% Aug
3
Co
(C E) The—
'
(A)
Hollander & Sons
36% Mar
13
18
Oct
2
117
39
Jan
6
12%
17
Apr
115
Jun
117
Aug
47% July 13
31
Jan
42%
1
45
17
36 %
Jan
45
July
3
May
13% Jan
18% Aug 23
9%
Jan
17
July
3,300
3
Jun
44
Jan
105
Mar
69% July 10
114
Sep
1
68%
8
21
37% July 10
3014 Jan
41%
11
Jan
12
2% Jun
10% Jun
6
preferred——100
Hud Bay Min & Sm Ltd—.—No par
non-cum
22% Mar
Jan
2%
Jun
4%
Jan
10%
Jun
6
2214
Jan
29% Mar
4% Jan
11% July
4
28 Vs July
4
16% Aug'23
29%
2,100
Idaho Power
16%
17
5.400
Illuiois
38
38%
8>A Feb
.1% Jan
4
'.-'24 7 Feb
25
10% Jan
25% Jan
3
19% July 10
8
3
44
46
Jan
4
Jun 26
67% Jun
5
>37
8
"Jan
4
15% Apr
25
35% Apr
14
,
6
Aug
Apr
%
5
1
..
Nov
9% July
28
No par
Hudson Motor Car.
Hupp Motor Car Corp
Sep
: 57% July,
114
July
59% Aug
3% Jan
1% Jan
Manhattan.———*—100
&
Apr
;
—
5%
17% July
Sep
3
4
42
5%
Hudson
Jan
Jan
7
Aug 15
136% Aug
'
Houston
7,500
,
,
10
13% Jan
123% Sep
115
1%
9,800
,
4
13% Jan
5
Holly Sugar Corp
4%
4
:
Aug
2
29
4%
July
118
27
•15%
15
15'A
4l/a:
300
-300
27%
71
Jan
3
Apr
19% Feb
"
29
16%
:
27:.
*26%
1%
*8%
1%
9
*1%
2
9%
Jan
Jan
114
307/a Feb
33%
33%
49
100
63
i—-No par
Co—-'——10
conv
13% July
33%
33%
,
Jun
Jan
Dec
preferred-.
$4
3
33
10%
Dec
87
73
Hlnde & Dauch Paper
7% Feb
33%.
10%
•
Apr
Aug
29%
128
,
70% July 11
14,900
10%
July 17
71
172
Jan
Hershey Chocolate——.—No par
3
11%
10%
73
Jan
Jan
12%
19
3
11%
10%
56%
152
Mar lO
Feb
11
10%
Jun
Jan
10%
10%
134
Jan
1,200
68%
89
18
63
69%
68%:
110% July
Jan
54
68%
68 %
Apr 24
108
69%
68%
10% May
3% May
.
..
:
128..
100
—
preferred—
100
Light & Power Co.__No par
Houston Oil of Texas v t c__
25
Howe Sound Co—
——5
,130
68%
10%
69 Vt
25
Ang 14
27% Feb 25
24
Household Finance—No par
111%
68%
Jan
22% July 10
75% Feb
400
68%
111%
69
*1%
17%
68%
113%
69
111%
75
93%
166
1,900
100
*67 Va
69
*9
17%
17%
3,900
44%
.
*111%
*68
113
2
44
44 Va
*44%
20% Apr
1% Jan
May 24
No par
preferred——-——100
Homestake Mining—————12.50
Houdaille-Hershey cl A——No par
'■>; Class B—_——
—No par
10
.
68
68%
9%
1,100
44 Va
113%.
*8%
17,%'
■■
*115%,
44%
*67
*1%
17
17%
43%
'•113
'
; 500
112
7
68
68%
16%
44 Va
113
113
45
16%"
44
17
17%
17
17%
17%
1,100
44%
preferred-,-——100
preferred
6%
Hires
22%
16%;
45
*44
45
*44
45
'
100
non-cum
Motors———No par
Hercules Powder————No par
» 300
45
44%
Va
.100
.
Va
119
*22
*115'/a
43%
43%
43'A
43%
43%
•"
*16 %
*115%,
*115
115
>44
68%
24%
22%
:
71
24%
119 V2
*23%
113
*67%
120%
*22
*17%
115
*69%:
7.1
*69%
20% Sep 14
63% Jan
6
Mar 11
30
$ per share
Dec
6
29
8% Sep
108
Highest
share
per
914 Jun
28
Mar 13
160
Hercules
20
24%
'
.
800
22%
16%
17%
17%
85
131
"24
45
*16%
*17%
85
131
*22
45
44'%
1,700
24%
*22
43%
.23
85
*119
W)
$ per-share
28
2'A Jan
99
,
.
———15
———25
:_i.„
(G
7%
166
*22 Va
131
70
119%- 119%
120%-:
Co.
Heline
*160%
"24%
*23%
22%
43%
70
*(.9
*118
Ilecht
*84
131
70
130%
130%
70
*130
400
21
73'/a
6% Apr
Hayes Industries Inc—
1
Hayes Mfg Corp—————?
Glass Co.—
—25
Year 1943
>
Lowest
Highest
$ per share
Par
.
Hazel-Atlas
*130
83 %
83%
83%
>
410
23
23
22%
,20%
*72%
'
8(5,100
■■■;•
166
*160'A
166
22%
22 %
:
,
22%
*23 TV
*43%
83%
120%
*118
*115
22%
83
*63%
70
*160
1651
*22
:
73%
*72
83
120%
20%
*72%
74
*130
130%
*63
nis
*20%
74
20%
*71%
*22%
84
*130
20%
*20%
74
*162.
23
*83
.
107%
20%
20%
8 'A
108
108
107%,
2,100
8%
8
8 %
107%
106%
*71%
Shares
*8%
8%
8
103%
107% 7
107
8'A
20%
20%
*71%
■
8%
7%
■:
106%
.
*20 W
.
■
8%
*8%
8%.
7%
8%
'8%
8'/a
'7Tb '
,
Lowest
EXCHANGE
the Week
Oct. 5
Oct. 4
Range since January 1
FORK STOCK
NEW
Sales for
Friday
Thursday
Wednesday
per share
Range for Previous
STOCKS
PRICES
SALE
Oct. 3
Oct. 2
Sept. SO
$
AND
Tuesday
Monday
Saturday
.
Monday, October 9, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1533
Jan
2% May
Jan
U
8
•16% May
'
29
16%
*38
61%
61
19%
19%
105%
*
104'%
14%
14%
105%
104'A
104%
104%
103%
104'A
19%
38%
*38
38%
800
*104
105%
19%
20%
104%
104%
*162%
84%
84%
104%
104%
:.
$4.50 preferred
104%
700
7
6%
1.200
Inland
11%
11%
11%
5,200
11%
11%
11%
11'/a
11%
11%
11%
8%
*8 Va
8%
8%
8%
8%
8%
8%
8%
*8%
36%
*36%
11%
8%
i
:
; 700
5013
37
36%
36'A
36%
36%
36 %
36%
36 3V
11114
111%
111%
111%
111%
111%
111%
111%
11 1'A
111%
111%
111%
7%
7%
7%
7%
7%
7%
7%
7%
*7%
7%
7%
7%
8%
9
9
9%
Via
180
79%
174'%
174 Va
■174 %
174%,
174%
174%
*3%
3%
3'A
3%
*3%
17%
17%
17%
17%
80%
80%
174%
174%
3%
17%
18
18
-
7
73%'
73%
74
75
*72%
4%
4%
30%
30
30%
*13414
135
74%
.
4%
5%
*4%
30
135
:
75
75
*74
5
4%
4%
30%
134%
75%
134%
7
5%
2.800
5IV
11.500
:7
136
19%
19
19%
18%
18%
18%
19%
19 Va
19%
19%
19%
22,900
84%
84%
8414
84 V2
84%
84 V2
83%
84%
84%
84%
84%
84%
3.5C0
10'%
10%
10%
10%
10%
10%
10%
10%
10%
10%
io%-;
80%
80%
81%'
80%
81%
81
81%
80%
81 i
81 % V>
*79%
'■*■■■
*10Va
"80
,.
»
*44%
46
46
*44%
46
42'A
*41%
42%
42
42.
*41
42
80
83
84 TV
84%
85%
88%
"88
88
*88
140
*120%
*120
140
*120
■
*120%
*44%
,
*125
140
18%
18'A
18%
18%
*18%
18%
17%
17%
18'A
17%;
*17
*36 %
:
*17%
18
18%
18%
17%
17%
13.
18
*17%
39
*38%
143
39
39
143
17%
17%
17%
*17%
35%
35 %
35%
35%
98
112
*110
'
35%
'112
*110
97
97%
97
98
100
33%
34
33%
33%
*33%
108%
108%
108%
-.A1,',
108 %
108%
108%
*108%
108%
25%
25
1081%
25%
25%
25%
*71
71%
71%
71 %
*71%
72
72
*82
83%
83%
83%
*82%
83%
83%
15%,
15Vs
15%
15
20%
15'A
20 Vs
20'/a
20
....
.
72
*71%
72%
13814 Jan
17
143
1,600
500
108 %
,250
25%
14,200
72%
300
84 %
>500
14,000
V
16%
17%
21
20%
20%
*20'/a
20%
117
1
preferred—
$6
Co
(W B)
...
Chicago RR
39
28
Joy
Mfg
V-—
Co—
1
14%
Dec
69%
7
Dec
44
July
Jan
Jun
Apr
38% July
Jan
60
Dec
Jun
22
102%
Jan
115
July
19% Aug
2
6 Va
Jan
12
2014 Aug
3
6%
Jan
19
2014 July 10
9%
19% July 17
Julv 2n
10%
Jan
18
Jun
27%
Jan
32%
Apr
Jan
145%
JUn
88% Oct
127
36
3
Oct
3
18% Jun
135
16
9%
16% May
16% May.
;
18%
Jan
:
21
110
Feb
10
99 Va Mar
15
100
Jun
19
70
Jan
28
34% Sep
25
29
108% Oct
5
78
Sep
16% July
Jan
3
22
Aug
90
stamped—100
May
Feb
■
34
July
109% Aug
92%
Sep
79
Aug
27% July 10
19%
Jan
26%
Apr
72% Aug 31
54
Nov
65
Apr'
64 %
Deo
82
Apr 7
12%
Jun
95
3
Jan
5
58
26
38% Aug 28
8
20% Jan
Laughlin Steel
No par
pref series A————.—100
pref series B conv
—100
5%
71% July
Apr
107% Sep
Jones &
5%
Jan
33% Sep
&
&
11%
8'4% Feb
Corp_;——No par
Johnson————12%
preferred ser A
—100
2nd
Jan
13% Jan
27
Johns Manville
Johnson
Jan
37 Va
'
107% Jan
1
-No par
preferred..—.--——100
4 % %
34%
17%.
43
Apr
July
3%
July 18
45
20
16%
13
138
Jan
45%
Aug 28
Sep
5
6
39%
16 Va
47
4
84%
85
13
36%
Dec
8%
20
Jan
Joliet
25%
25%
*84%
83%
15
15
25%
72%
25%
Jun
15
200
200
-
*99
*99-
$99
*99
*99
25 %:
92
29
.:'%>
100
97%
4
Jan
112
34
21
Apr
Jewel Tea Co Inc
97%
1214 Jun
85
15
1,800
Jarvis
34
3
11% Jan
3.100
1,700
34
11
12
1,000
98
Feb
6% May
:
Nov
129
27
20% Aug 30
11% Jan
39.200
7
25
32% July: 5
13514 Sep
7
3
17%
97%
Jan
3
35%
*110
July
3%
Feb
17%
112
Mar
67
56% Jan
*35'A
*110
19
Jan
'
100
Teleg——No par
;
Foreign share ctfs—..
No par
Interstate Dept Stores—.—No par
Intertype Corp
—No par
Island Creek Coal—.—
1——1
4% May
Jan
Jan
39% Jan
preferred
Jun
July
Va
35% Jan
7 %
177
11%
68% Jan
Intern'l Telep &
Sep.
74%
Jan
55%
7% Feb
66
Jan
78
July 20
6Va Jun 28
3
Feb
Mar"
9% Apr
17.7
Jan
162
Mar
3
7
30
International Shoe—
35%
35%
34
108'A
24%
18,
-—No par
—No par
Silver...—.—50
International Salt
Jan
%
56%
;
3% Aug 23
19
13
144 Va
Aug 21
18% Jun
3
25% Apr
100
5%. preferred..,-
82
International
*142%
96
*99
.
conv
*17% >1.7 %
17%
35% ,
17%
.
39
.
*142%
34
>
*33%
*107%
112
;
,*142%
17%
35%.
39
18
,
18'/a
131a
18
18
35%
'110
18 %
17%
18%
18 Va
17%
:;
Jan
3
130
——15
100
No par
Paper Co..
preferred
Inter Rys of Cent Am—
5%
Nov
4
4% Jan
115
Jan
6
76
13
65 '
38% July
Jan
106
Apr
8 % July
6% Jan
21%
175'A July 11
28
Jan
<
July
78% July
15%
3
8% July
2,000
,
,
17%
17%
18%
*16%
200
1% Jan
No par
100
International
168
Apr
Nov
10% July 10
181
Sep
5
29
15 Va Jan
7
9%
40% July 17
114% Mar 13
67% Apr 25
165% Jan
—25
Preferred
19'A July
Jan
62
5
> 700
140 7'
'
18%
*38%
*142%
112
42
18%
*17%.
*110
18%
17%
510
v:
88%
*120
140
1.900
-
45%/ XI
*41%
*86
:i
17%
17%
.
39
*37
38
*142%
■
89%
*16%
18%
17%
41%
41%
*17%
18%
17%:
17%
140
44%'
45%
*45%
46
42
*45
■
»
27
27
Chem_—5
Int Nickel of Canada—
158%
7
8% Mar
28
154% Feb
International Mining
210
.
19
'
&
Jun
Apr
Aug 14
Jan
preferred——-.-.—100 V,./
Corp——1
4 %
500
>
.
30%
30%
*134%
30%
134%
30%
134
,
No par
Harvester—.—No par
————————100
Min
44%
100%
Sep
3
International
Nov
86% Nov
12% July
27
Ipt Hydro-Elec Sys class A
7.7 75%
'■•
'7V'2
May
May
32%
Aug 29
106% Sep
5
165
6% Jan
4.300
48
42%'July 12
,
105
X87
6 % Jan
4.000
31% May
> 13
Jan
3
29% Apr
109% Jan
Business Machines.
Preferred
Jan
Jan
11%
6
No par
3% >•>
18%
>' 5%
5
30%
134%
30%
30%
134%
136
75%,
Int
4
Jan
''
International
:
■
■
Interlake Iron...
18%
16% July 11
20 'A Oct
4
'9% May 11
——No par
Intercont'l Rubber—...
3.800
370
17%
18
preferred
6%
Mar
71% Feb
par
—No par
———100
Corp
.
80%
174%
3%
3%
3%
3%
3%
17%
17%
:
500
180
180
180
79%
•
:
Interchemical
690
2,300
6,900
•
9%
9%
•
174%
79%
174%
9%
*177
180
180
79%
79%
174 Va
9%
9 %
9
180
79%
79 >A
79%
79%
9%;
9'/8
181
181
181
*180
■v
Steel
8
29% Aug 25
3
158 b
Inspiration Cons Copper.———20
Insuransharcs Ctfs Inc..—...—1
8%
*36
No
Co
84%
11%
*36
-——No par
preferred-—-,—
.—100
Ingersoll-Rand—
84%
Jun
88% Jan
100
No pa*
A
84%
84%
m
Rayon.——No par
Industrial
*162%
*162%
84%
84
7:7%
15
105%
38%
*104
105%
Indianapolis Power & Lt—No par
520
4.000
19%
38
38
*104
*162%
84
83%
83%
*83
38%
23C
preferred series A
—100
Leased lines 4%————-100
RR See ctfs series A
——3000
6%
•900
63
*14%
15
14%
:
*62%
62
62
,
20'A
19%
20
.
14%
*14%
105%
38%
*104
•
*162%
*162%
14%
19%
38%
38'/2
*104
62
61%
62
■
*14%
19%
*19%
38%
*38 V*
*104
62
62
6i%
14%
*1414
104 %
:
*37%
Co————20
-1UU
Central RR Co_.
May 25
'
66% Jan
.
10% Jan
87
14
July 10
,17%
4
Oct
8V4 Jan
5
>>>:;: k
*20
121
*120
'
121
*120
20%
121
121
10%
9%
10
*31
32%
*31%
32
31
16'A
16%
16%.
16%
16%
*24%.
24%
*24%
25
25
25
.10%
*22% '22%
18'A
"23
18%
34%
*21%
22%
*22%
41 Vi
41'A
17
*24%
25 Va
*24%
25%
23%
"
23%
23%
23 V2
23%
18%
18%
113
*110
18%
18%
113
34%
34 V8
*22'A
22%
22%
23
42
40%
42
5%
34%
25 Va
600
*23%'
18%
34%
41%
*5%
6
5%
70
■
70%
*70%
71
*70%
25%
26
26
25%
25%
25%
26
9%
25%
■V
35
10
10
9%
10
10
10
800
1,300
18%
v
20,
39,100
City P & L of ser B—No par
Kansas City Southern—
No par
Kan
preferred——100
1
Kayser (Julius) & Co—
-5
Kelsey Hayes Wh'l conv cl A——1
Class B—r:——
—I.
4%
non-cum
Kaufmann
9%
9'A
36
36
36
36
36
36
35%
35%
36
*35%
35%
36
35%
35%
35%
36
pfd A——No par
Kennecott Copper—
-No par
41%
600
5%
600
Kinney (G R)
4 600
$5
Co————1
—No par
(S S) Co—
——10
Dept Stores—
1
prior preferred
71
80
26
26
1,200
Kresge
*9%
10%
1,800
Kresge
10
9%
9%
*9%
35%
36
35 %
35%
800
35%
36
*35%
Dept Stores——
Kendall Co $6 pt
'
*8%
36
1,900
&
(S H)
Kress
9%
10
89
29 34
*29'A
27%
28%
28%
43
43
11%
11%
26%
27
43 14
4314
*4214
11%
11%
11%
29 %
514
29 Vs
29 Vs
29%
87
11%
29%
*124
87%
88
29%
29%
,
88% 7
88%
125%
*124
5
514
29'A
*124
5 Vs
87
9%
860
87
Laclede
280
,
5%
29%
29%
29%
*28%
29%
1,600
Lane
431%
*42%
43%
43%
43%
500
11%
11%
12%
12
12%
25,900
30
29%
29'A
125%
*124
514
5 Va
5%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
26%
26 Vs
26%
25%
26'A
26 Vs
26%
26%
26%
33'A
351%
34%
35%
30%
124
30%
700
.
'
124
10
5%
5,600
1%
2
11,000
26%
27%
10,600
35%
2,000
5%
33 V4
33 %
33 %
33%
33% -
33%
*20
201'4
20 V»
20%
20
2014
20
20%
*20'/a
20%
20%
20%
900
*42
42 %
42
42
42%
42V2
42
42
42%
42%
42%
43 %
2,300
52%
52%
52%
52%
52%
52%
5214
52%
52%
52%
52%
52%
3,800
7%
7%
7%
7%
7%
7%
7%
,7%
7%
7%
7%
13,100
45 %
45 %
*44%
45%
*44%
*77
78%
*76
79
79
__
>.
45
79
180%
180%
45
45
78%
77
77
77%
78%
78 %
"78%
"
79
35%
*
*
7%
45
*76
I
78%
78
78
78 'A
79
181%
181%
181
181
181%
•
45
181
Bryant—
Lee Rubber & Tire—
Lehigh
4%
conv
preferred—
Lehn & Fink Prod Corp
Stores
Corp—.
8
300
Life Savers Corp.
400
Liggett & Myers Tobacco
180
•
140
Series B
Preferred
——
*
*29%
31
*29%
31
*29%
31
29%
29%
30%
30%
*29%
43%
43%
44
45 %
43 %
44%
44
44 >A
44%
44%
44
3914
3914
38%
38%
38%'
39%
39
39V2
39%
39%
39
For
footnotes see
page
1543.
%
31
45
39%
200
.
5
No par
Libbey Owens Ford Glass—No par
Libby McNeill & Libby
1——7
Lerner
46
180
—-10°
Lehigh Valley RR—
—
-50
Lehigh Valley Coal——No par
6% conv preferred —
50
Lehman Corp (The)
1
78
2,600
-No par
No par
--5
Navigation Co.—-10
Portland Cement-,—.•
25
78
79%
1°°
Lehigh Coal &
*45
78%
—100
—
(The)—.
Lambert Co
1251%
P/ '-Z 'J:
preferred—
1,700
25%
■
E
Gas Lt Co——
29%
11%
,
*9Va
29 3V
29 Vs
514
i
29%
*£2%
29%
.
88
*86%
2.9%
125%
5 Vs
9%
29 Va
29%
43
*124
*9%
87
29
*2914
125%
514
29%
9%
Co—No par
Bak
No par
Kroger Grocery &
l'; \
10
8814
10
Stove & Furn
Kalamazoo
Keystone Steel & Wire Co—No par
Kimberly-Clark Corp——No par
23%,
*23
42
23%
112%
*110
70
6
600
,
24%.
■
23%
*40
40%
6,400
300
69
*5%
10%
16%
70
5%
>:,r 10
16%
35
*22%
700
32%
*31
18%
112
112
34%
5%
10%
10%
31%
*16%
34%
42
*69
26
26
,
*5% :'
5%
70
10%
31%
16%
22%
*40%
5%
10%
30%
*16%
34%
34
34'A
*69 'A
*110
10%
30
10%
*18%
112
112
9%
"23 Va
23
18%
18'A
114
*112
■
121
*120
121
*120
121
*120
31%
*16
.
*20%
Lily Tulip Cup Corp—
5,300
Lima
1,800
Link
Locomotive
Belt Co
.—25
—-25
1°0
No par
Wks~—.—-No par
No par
16% Apr
15
.6% Jan
21% Aug 18
27
120% Jun
3
19% Jan
4
Jan
25
13Va Jan
26
20
111
May 18
29% Jun
4
Feb
19% Jun 29
Ma'y 8
■
7 19%
127
Sep
AUg
; 10%
Apr
29%
Apr
Dec
Jan
: 17
Sep
11% Jan
17
Sep
14%
24% May
7%
6
Aug 31
115
8%
102
Jan
16 3i May
Jan
Jan
113
:
Apr
5
28%
Jan
35%
2314 July 11
15%
Jan
20 V* July
25 i
Jan
35
....
42
Oct
Oct
73
3
1%
Jan
Aug 31
34%
Jan
714 July
28
3
Dec
24% Jun 29
17
54% Jan
Jan
121
19
17 Va July
7
31%- Mar
*12%
'5Vi Jan
x26
9
1914 Jan
25
39% Mar 11
19
Jan
17
Feb
14% Mar 28
4
13% Feb
124
7
»
Apr
July
34.
7 6% July
58% July
1
Feb
11
26'/a Aug 29
18%
Jan
24'A
Sep*
•6% Jan
25
July 13
36% Sep
1
2%
Jan
10%
Apr
23%
Jan
321/4
Sep-
36% July 22
24%
Feb
32%
Nov
9%
Jan
22
27% Jan
4
31% Jan
4
10
■
3
13
62
Jan
14
104
26
Apr
17
19
Jan
17
30
9% Jun
17% Jan
38
8
21
Apr 24
Jan
3
Apr 26
Jan
7
414 Jan
3
113
Jan
73
17%
Jan
29%
Jun
11%
Jan
19%
Jun
44% Jun 26
26%
Jan
39%
12% Oct
5
July
5
125% July
6
7% Mar 21
31
2»/a Jun
29
4
2814 July 19
July 11
21
4
36
18% Jan
5
21% Jun
36% Feb
14
43% Oct
42
Jan
6% Apr
6
Jan
Jan
11%
Jan
20%
24
Jan
32
14%
Jan
22%
38%
43%
Dec
8%
Jun
Jan
27
27
8
26% Feb
3
36
Apr
37
Jan
25
6
Jun 26
181% Jun 27
31% July 10
45% Oct
2
Jun
Jan
30
86 Va
Jun
Jun
July
Jan
24
83'A Jun
July'
23%
Jan
48 Ve Jun
July-
814 May
2%
5
3
,
11 Jan
8% July 20
8
Oct
Dec
120
2%
53% Aug 21
13
174% Jan
107%
3
67% Jan
Jan
29
Oct
9
Jan
31
68% Jan
39
8'A Dec
20
30
'114 Jan
15% Feb
29% Jan
16% May
35
July 12
29% Oct
4
May 31
62
Dec
62%
Nov
Dec
41
July
71
July
73%
Jun
Dec
182% Aug
Jan
28% May
24
Jan
44
May
34%
Jan
43
July
171
22%
RECORD
NEW YORK STOCK
Tuesday
Oct. 3
Oct. 4
S per
$ per snare
18%
■18%
18%
18%
18'A
18%
18% '
7g
21%
27%
22 lA -
27%
23%
65%
66
65%
65%
65
65
65%
49
49%
48 %
49
48%
49
49
49
"A
11 'A
11%
11%
11%
11%
11%
36%
36%
35%
36%
36
36
36
18%
;
18%
18%
19
18%
19
160%
160%
160%
18%
*159%
160%
24%
24%
24%
24%
24%
86
85
85
*84%
30
*29%
11
160%
*24
.
*85
Lion Oil Refining Co
2.300
«2.600
Liquid Carbonic Corp—
Lockheed Aircraft .Corp..
28
28
28%
28
%
28'A
28%
28%
21%
21%
21%'
21%
21%
22%
21%
22%
1.600 1
Loew's
1,100
Lone Star
Long Bell Lumber A—
Loose-Wiles Biscuit——
Lorillard (P) Co.
■;
*159%
■
160%
24%
24%
66%
65%
48%
48%
49%
49%
11%
11%
11%
36%
/
66
66
36%
18%
•
18%
11%
36%
36%
37%
5.300
2,800'
18%
19
19%
2.700
*160
160%
160%
v,'
%
24%
88%
\
,
No
Inc——
Highest
share
per
22% May 17
14
Sep
$,
12%
J per share
Jan
19% Jan 13
15%
Jan
7
22% Sep
30
12%
Nov
25% Mar
1
68% July 10
42%
Jan
40% Feb
24
52% July 10
37%
Jan
513/4
8'% Jan
Cement Corp. —r_No par
29
213/4 July
21% jun
58
par
—No
$ per share
share
14% Jun
1
3
12
Mar 21
6%
Nov
11% May
Jan
3
37% Oct
18%
Jan
31
Oct
21%
Jun
par
May
28
—25
163
5
20% Jan
12
151
.,,100
69
6
Sep
1
16%
Jan
15%
4
64 Va July
Oct
148%
6
24% Oct
Jan
100
July 11
20% July 13
17% Apr 29
—10
1% preferred
Louisville Gas & El A— —-No par
2.000 '
900
88%,
...
..
-
120 \
160%.
24%
24%
24%
85% :.87%
86
*85%
11%
i,
18
No par
No par
_
27,000
.'
I per
Par
Shares
18%
18%
.
Year 1043
Lowest
Lowest
EXCHANGE
28
.
22%
21%
19
*18%
65%
18%
*27
S per share
$ per share
per snare
S
snare
y per
snare
Range since January 1
Highest
YORK STOCK
NEW
the Week
Oct. G
Oct. 5
for
Sales
Friday
Thursday
Wednesday
Oct. 2
Sept. 30
Range for Previous
STOCKS
PRICES
HIGH SALE
AND
LOW
Monday
Saturday
1539
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number
Volume 160
Jan
Jan
163% July
22% July
59% Jan
^4 Jan
3
90% Mar 17
—10
25% Apr
preferred-—,——-—-—100
135 / Feb
6
21
29% July 21
139% Aug 11
133
July
138%
Nov
34% Jan
27
44% July 10
28
Jan
37%
Jun
x26% Aug
1
38% May,27
19% Jan
104
Jun
6
14
Jan
12
14% Jun
9
Louisville, & Nashville—
79
July
29
May
M
*2&3/4
30
*29%
/
139
*137
293/4
29%
"29%
29'A
43%.,
29%
29%
*105l/2
183/a
18%
18%
*18%
19%
19
19
17%
17%
17%
17%
17%
17%
17%
17%
12
9
8%
9
8%
9
8%
9
Manati
Sugar
13
*12%
13
*12%
13
*12 V2
13
100
Mandel
Bros
243/a
500
Manhattan Shirt
3%
3%
*3%
7%
V/a
173/0
16%
17 .r
20
203/8
11%
12
16%
18'/a
v
*26'A
10
11%
11%
11%
11%
43%
43%
43%
44%
27%
27
27%
*27%
*27
27
*263/4
27%
22
22
22%
173
173%
V
:
'
9%
103/a
10%
10%
10%
10%
*39 3/4
41
41
*110%
•^.w
116
*'111
32
32
*173/4
18%
*17%
18%
*17%
53
52%
523/4
52%
523/8
52%
52%
52%
523/4
27
27
27%
27%
27%
27%
27%
27%
27%
1033/8
X102 %
102%
102%
103 3/4
18%
18
103%
103%
*102%
*
108
*105
108
18%
.'
1,100
32
18 Va
800
2,000
53%
21%
*10374
103 3/8
200
13%
13 5/8
1 500
108
*106
6,000
•
12
12
11%
*99
100
99
100
*99
100
*99
95
*92
95
*92
95
92
92
93
93%
92
94 ,.:,
36
36
36
36
36
*36
36%
36%
37
36%
3674
*13%
13%
*13%
13%
13%
13%
800
49%
49%
*49%
50%
*49%
50%
*32%
33
*32
33 7a
200'
*92%
36
*13%
13%
*50
35
,
50
13%
13%
*49%
50%
*3178
*33%
35
32
33
35%
35% '
3b %
13%
50%
13%
50%
*33
36
35%
35%
11%
1134
%
11
11%
'
7%
7%
7%
7%
7%
7%
7%
7%
7%
24%
24%
24%
24
%
24%
24%
24%
24%
24%
35 3
35%
36%
36%
37
37%
37%
37%
*37%
s
137%
137%
137
137
55
55%
52
53
52
52
41%
41 %
41 %
41%
41%
112
*106%
107
1C4
19%
19%
*19
2%
112
*107
108
*107
107%
9
9'A
108
109%
19%
107
3
3%
8,700
13
13%
8,400
36%
36%
3672
1,100
12%
12%
36
36
36%
36'%
36 %
36 %
36%
20%
20 %
20%
20%
20%
86
86
86
86%
85
*116
117
20%
*36
21
20%
21%
21
88%
700
21%
88%'
*116
116
116
117
3 %
88%
87
86%
86
*116
600
3
13%
12%
86%
19%'
3
13%
21
1,300
12%
13
117
19%
18,200
3
%
13 %
*35%
*107
■
8%
1,900
116
116
*116
120
*117
120
*116%
120
*116%
120
*116%
120
*117
*116%
111%
*109%
111
*109%
111
*109
110
*108%
110
*108
109%
*110
52%
53%
42
42
27
26 'A
26%
26%
22%
22%
22%;
23%
22%
23
20%
20%
20%'
20%
20%
21
*31%
31%
31%
31%
31%
31%
21%
22
21
21
,
31
31
8 %
"
300
9%
6,000
9%
9%
9%
97%
97%
21%
*21%
21%
*21%
21%
200
77
*76%
78
*76%
78
200
21%
20%
21
*21
77%
*76%
77
77
77
77
113 %
*113 %
114
113%
*113
14 %
53%
*53
53%
*52
113%
13%
14%
13%
13 %
2,500
9%
*20%
53%
Motor Products
4,000-
21%
32%
97%
21%
13 %
23
21 %
9%
97'%
*52
23%
97%
*20%
*76 %
Morris
9%
*97
*113
200
1,500
9%
*113
113%
113%
113%
98
113%
13%
13%
12,100
53%
53%
200
%
*%
%
Wheel
Motor
1
19 %
Jan
14
Feb
29
19% July
6
8%
Jan
55% July
6
38%
Jan
50 %
Apr
27% Oct
6
14%
Jan
253/a
jun
Aug 11
13% July-10
6%
Jan
11%
Sep
6
•
Mar 20
47
21% May
97
1
103
Sep
21
9
16% Aug
'103
Sep
12% Sep
3
8% Jan
$7
Co
preferred
Inc
Munsingwear
(G C)
preferred
Murphy Co
4%%
—
Corp of America
(F E) & Bro—
Murray
Myers
Jan
10%
Apr
67%
Jan
89
Feb
1
Jan
78%
Sep
Feb
343/4 July
Jan
12% July
25
Sep•
■
8
Oct
6
-
37% July
31% Apr 28
60
■
,27
3
4%
15% July 11
4
25
Jan
Aug 10
23%
Sep
36
Oct
26
Jan
6
Apr
25
23% Sep
14
13
4
:
--10
No par
5
1
-1
-No par
No par
No par
100
10
No par
46
O 74
r
2
July;
5
July,
323/, Mar
34%
Apr
9%
Apr
18% "Jan
303a
Aug-23
20%
31%
Oc% 5
58% May 29
106%
140
■
Apr
42
1'
Jan .'
5%
28% July 10
'39
4
36% Apr
26
Oct>
43
Jan /
128
July
V Feb
110
Apr
113%
Feb
6
107
Mar 17
107
Nov'
<3
Jan
103% May 22
112
107
Sep
Jun
Jan
110% Jun -15
Mar 13
105
Oct
29
Sep
16% May
21
52 % Aug-22
No par
Corp
Corp
Brass
113%
19% July 20
8
Jan
Jan
,104
18
10
Apr
Feb
104
39
50
Mullins-Mfg Co class B—
30
14
*53
53%
13
3
No par
Essex—
&
Mueller
140.
'
53%
13%
13%
13%
*53
98
28
32% Sep
13
23
1
preferred series C—No par
No par
Morrell (John) & Co
—No par
27
97%-
Jun
112% Apr
27
Jan
4
Montgomery Ward & Co
53%
Jan
22% Aug
173/4 Sep
Apr
16
'
Mar
No par
Chemical Co—.1
preferred ser A
Sep
27
109% Feb
Jan
D—.—-100
Monsanto
$4.50
11%
Aug
,
7% May
Jan
—5
.——10
Mach Tool
Monarch
41
23
21
12%
Jan
1
S6.50 preferred
—_—No par
Mission Corp
—-10
Mo-Kan-Texas RR
No par
1%' preferred series A
—100
Mohawk Carpet Mills
1—20
26%
21%
Sep
100
5
25
Moline Power Impl
53%
*97%
10
*97
preferred series
4 'Zo
Minn
41
*31%
110
Oct
27
1st preferred.-.
27
,
Oct
Jan
29
5
1
Products
Steel
cum
53%
32%
36
37
$4
9,900
Feb
50
No par
Miami
Copper
Mid-Continent Petroleum.
44
*31%
5
.——1
Preferred series B
97%
9%
10
9%
44
21%
July 10
110% Aug 29
7
19% Jan
—1
Co
Machine
26%
53 %
26%
*39%
106% Mar
Jan
94
21%:
53%
42
26%
32% Mar 10
60
2%
44
6
176
Jan
100
Mesta
27% Mar
Jan
37
3
(The)—
1st preferred
19% Nov
1
165
4
Min Trans Co
Jun
July
1
Jan
conv
73/0
43>A July
32
Jan
Sep
1
11% July 10
Aug
Jan
5%
Apr
July
May
22
60
4% Mar
18%
31% May
20
22% Sep
8
23%
53 %
*39%
27 >A
27
176
4
70
Merch &
30
2
52% Feb
82
*39%
53%
53
53
42
52%.
*39%
Jan
Sep
Jun
No par
Mengel Co
120
.
Co
Melville Shoe Corp
30
117
3%
12
preferred series A„
No par
$5.50 pfd ser B w w~j—No par
60
107
24
Mar
170
116% Jan
109%
8%
19%
19%
19%
*19
3
3
3
9%
8%
105%
107
Dec
51% May 17
—100
Minneapolis & St Louis Ry—No par
Minn-Honeywell Regulator
3
4% conv pfd series B—
100
4%% preferred series C
—100
112
*17
14%
29
No par
1,600
Jan
2
20% Oct
4
Midland
2,300
Jan
9%
3
27 % Jan
'
9
5
2
160
43
*110%
*110%
8%
3,300
*109
112
Mfg.
27
May 17
37% Apr
600
53
42%
*109
13
13
..
140
*51%
42%
*110%
105
19%
19%
2%
3
41% :
112
8 %
*104
104
104
104
108
8%
8%
8%
8%
52%
41%
108
*110%
112
107
107
53%
41%
*109
*109
*110%
*110%
~J52%
*51%
2,500
24%"
-
*109
*109%
140
140
140
138
138
41%
130 %
1,700
37% >•37%
38
700-
8% Jun
43% July
63/4 July
17% July 10
21
25% May
19% May
$6
120'
.:•.
100
10
5%. preferred
180
7%
7%
24%
7%
•
35%
35
24%
*
11%
100
100
35Vse
35%
35%
3£j
11%
100
4
—
220
34
17%
No par
No par
No par
*
—1
.—100
Mead Corp
18
12
100
17% '
3
—1
—No par
Mclntyre Porcupine Mines
—5
McKesson & Robbins Inc.
—18
$4 preferred
—No par
McLeUan Stores Co
1
2,500
.18
12
17%
Jan
16% Jan
Elec Co
McQuay-Norris
3%
5
McGraw-Hill Pub Co.—
'4*.—
*98
•
Jan
27
:
preferred w w
1,400
19
*183%
11%
19
.
1%
13% Apr
100
10
Corp
McGraw
Sep
Apr
Aug 10
12% Jan
par
-
conv
12
19%
1
5
__100
4% Jan
Jun
Jan
Jan
19
par
—1
8%
6%
2% Jan
3
Jan
Mar
14%
24% Sep
„
preferred
preferred
5%
'
53
108
18%
18%
18%
-
27%
.
13%
13%
*1C6
108
*106
108
*105
"13%
13
13
*12%
13
12%
12%
*12%
*105.
*
103%
*101
18
'
:
3%
Dec
243/4 Mar
320
5
13% July 17
—No
Wks
McCrory Stores Corp—,
400
;
,,
V
lo
18 Va
53
18
193/4
5
15%
Nov
Nov
14
—,
S6 1st cum
McCall
800
114
31%
27
$3
60
•:
v
28%
19%
19%
116
Maytag Co
500
1*
28%
29
*111
31%
31%
*110%
29
19
116
31%
*31
31%
41%
*19%
19
*111
19%
*19
287s
*28%
28%
*28%
6,600/
v.
41
41
*110%
:
15
315
24
No
Co
Department Stores-.,
May
24
30% July
Jan
7
5
:—1
No par
Co
preferred
7%
1,500
593/8
41%
*111
116
*31%
59%
110%
19%
19%
59%
110%
29
*28%
% *111
58 %
L)
10
5
21
9% Sep
21
6% Jan
Jan
Jun
No par
Corp
Alkali
Mathieson
60
59%
*39%
41
110%
5,800'
Oct
-
18% July,
18% Feb
prior pfd
Corp
Elec
Master
200
176
53%
10
10
9%
Masonite
3,300
22%
22%
*173
176
*173
173
.
22%
22
223/a
21%
173
59
59
583/4
40
31%
Martin-Parry
-
•
176
110%
19%
Martin
27%
.
(Glenn
13,600
24,400
11%
43%
9%
116
*31%
11%
43
19
391
10% Feb
Corp—
6%
Ry
Jan
6% Apr
20%
July 28
25
Field & Co.:—:
Marshall
4,300
20 7s
19%
20
19%
11%
43%
„
28%
28
*18%
20%
20%
11
43%
58%
41
*111
20%
11%
'
110%
110%
20%
17%
17
17
177a
43%
22
58%
*39%
20%
*173%
176
10
16%
*263A
'21%
58%
16%
17
43%
27%
*21%
16%
Market St
315
107
par
No
Marine Midland
990
17
Co,.—
Maracaibo Oil Exploration
1,600
-10,600
7%-
7%
17
11%
:<
43%
*173%
17%
20%
17%
7,300;
3%
*3%
V/a
;:
.
17
17
•17%
*16%
16%
3%
7%
7% y
73/4
7%
17
3%
3%
3%
3%
7%
17
24%
24%
*24
24%
24%
24%
3%
3%
73/4
43'A
.
*24
7%
.
9
24
24
24
*23%
450
*350
450
*350
450
,—10
50
—1
Copper
Mahoning Coal RR Co___
Magma
4,100.
*12
13
*123/8
12
18%
Co Inc—
Macy (R H)
700
197a
17%
.—No. par
—No jurr
4%% pfd series A-;
-100
Madison Square Garden—No- par
.
'
*350
450
*350
9%
9
9
9
450
*3433/4
450
*343%
*18%
Forbes
Trucks Inc
Mack
7,400
300
•
106
106
106
*105%
106
1053/4
183/a
17%
6%
1,600
29%
18 %
*105
.7
I.
433/4
29%
*105%
100
43%
29%
17%
106
410
145 I"-;'-.,,
&
MacAndrews
300
•
.
43%
17%
106
29%
43
29%
293/4
29%
.
139
139
145
,
42%
42%
42%
43
43
43
*42%
*138
139
139
139
139
*29a/a
7: .7 *138%
29%
*29%
293/a
29%
30
Sep
28
108% Jun
5
6% Jan
19
9 % Oct
5
93% Jan
13
Jun
30
64%
Jan
98
23% July 10
13%
Jan
25
17% Feb
111
5
3
8% Jan
3
39%
Jan
'■20
%
Jan
3%
Jan
115/8
Apr
Jan
30%
N07
3% Mar
'
75%
Dec"
92 %
88% Oct
6
Jan
24
113
Dec
119
7
116%
Dec
121
Aug 29
6
53% Oct
106%
Nov
114%
33%
Jan
31%
Jan
13
117
114% May 17
113
5
41% Apr 26
11
3
7
19
39%
Oct
273%
Jun
Jan
17
Jun
11%
Jan
18%
28
21%
Jan
31
Mar
2%'Jan
7
Jun
Jun
.3
33% Jun
10% Aug 17
Sep
6
4
53
Jan
15
Jan
23 %
Aug 17
62
Apr
79%
24
111
July
20
Aug 12
24% July
70
May 24
79
112% Apr
8% Jan
43% Jan
116% Feb
11
5
Sep
Aug
Jan
113/4 July
34%
53 % Oct
6
% Jan
*
Jun
117
5%
Jan
44
14% Aug 24
3
Apr
77
3
98
4
Aug
July
July 10
23
16% Jan
Apr
50
Jan
July 15
24% Jun
26% Apr
Jun
Mar
9%
Oct,
30
11
21% Jan
15% Jan
'
27
42
35% Jan
4% Jan
72' Jan
July
119% Sep
25
111% May 22
107% Jan
Jun
July
17%
23% Aug.11
May 20
74% Apr
Jun
•
8
5
16% July
3
29
8 3/a
26
4% July
2% Jan
1
10
FeD
N
:
.4
*•'
16 %
*33
%
%
*%
16%
16%
16%
16%
16%
*33
17%
33%
34
34
18%
18%
18%
34
17%
10%
10%
*11%
12%
12%
.
17%
13%
22%
12
12%
11A
■
10%
11%
10%
16%
16%
16%
16%
16%
33%
33%
34%
35
35%
18%
18%
18
18%
18%
18%
11%
11
18,900
16%
*33%
11%
11
12%
12%
11
12%
11
10%
12%
12%
12%
Liquidating Co
No par
Nash-Kelvinator Corp
5
Nashville Chatt & St. Louis——100
National Acme Co
1
Nat Automotive Fiores Inc
-1
550
'
2,100
6,600
'
6 %
3,000
12%
conv
13%
13%
13%
13%
13%
13 %
13%
13%
14
17,800
National
22%
22%
22%
22%
22%
23
23
23 %
23%
23%
13,900
National
176
"*171
*171
176
*173
176
*171
*171
176
1%
176
Nat
preferred————10
5
10
Aviation Corp.
Biscuit Co
100
preferred
Bond
&
No par
Share Corp
19%
4,000
13%
13%
6,600
National Can Corp—
32%
32%
1,700
Nat
19%
19%
19%
13%
13%
13%
13%
13%
13%
13 %
14
13%
19%
14 %
32%
32%
32%
32%
32%
32%
31 %
31%
32
32%
10%
11
11
ioy8
11
3,800
National Container—
10%
10%
11
10%
13%
13%
13%
13%
13%
13%
13 %
13%
13%
13%
National Cylinder Gas CQ
13%
8,500
13%
24%
25%
25
25
7,400
Nat
19%
3,500
National Dept Stores.
*
*19%
19%
19 %
19 %
19 %
19%
19%
24%
25
24%
25
25
25
24%
18 y4
18%
18%
18%
18%
18%
18%
18%"
*11%.
12
*11%
*11%
12
18%
•
y
19
18%
*11%
12
*11%
12
*11%
12
11
11
11
25
35%
35%
35%
35%
35%
36%
36
36%
36
36%
34%
34%
*34%
34%
34%
34%
35
35%
35
35
1,300
34%
13%
13 %
13%
13%
13%
13%,
13%
13%
13%
13%
4,700
13%
97%
97%
97%
98%
24%
24
24%
*24
*176%
177%
*176%
177%
*150
150%
*150
150%
13%.
*98
23%
177%
.
*150
17%
22
21%
33
33
33
6%
21%
21%
66 %
14%
14%
14%
14%
25%
25%
25%
84%
84%
84%
90
88%
89
90
90
68%
.
6%
68%
.
.
6%
14%
14%
25%
300
4
88
84%
84,%
88%
89
.89%
17Q
10%
10%
107a
4,000
9%
9%
10%
10
10%
10
10
%
10 %
10%
*10%
10%
10%
10%
10 %
10
10%
10 Vz
io y4
10%
16%
16%
16%
16%
16%
16%
16%
29%
*29 %
29%
103%
103%
*63
65
108
108
16%
16%
16%
16%
*29%
■
29%
*28%
29%
*104
106
*104
106
*60
65
*61
65
*107%
*107%
108
108
106
*104
30%
30%
30%
30%
18%
18%
18%
18%
18
15%
*107
15%
47
For
18%
footnotes
15%
108 %
*107
47
18%
15%
15%
111
*45%
*107
47%
46
%
18%
18%
see
page
1543.
18%
15%
108%
47
18%
30
30
106
,
15%
*46
18%
"
•
30
65
65
65
100'
*107%
108
108
108
20
31%
33
32%
33%
4,400
18%
18%
18%
18%
,1.400
15%
3,300
*61
'
*107
200
,
*104
18%
30%
18%
30
106
31%
*107%
30%
18%
*29
*104
1,100
2,200
*
108 %
"65
*61.;
30
100
84
*9%
29%
ooq
3,200
;
84%
*10%
*16%
National Stee} C0rp„
National Supply (The) Pa
88%.
"
84
15%
15%
15%
15%
108 y8
*107
47
45%
46%
46
18%
18%
19
18%
108 %
*107
108
Va
46%
19
Li——*
National Power &
1,900
26
88
preferred B——,
Service Corp
1
Nat Mall & Si'l Cast Co—No par
National Oil Products Co—1——4
National Linen
900
14%
25%
L-100
100
6,900
■
68%
14%
Co—i_————10
7% -preferred A—
6%
33%
6%
& Stamning—
National Lead
400'
21%
*32%
25%
84
Products——No par
No par
.National Gypsum, Co—,,
'—,1
$4.50 conv preferred—.—-No par
16Q
18%
800
30.100
—1
1
-No par
No par
preferred———-10
Nat Enam
150 Vz
18%
68
Dairy Products
Nat Distillers
5,500
i
21%
21%
32%
"
340
'
24%
14%
*25 %
<
;
*150
18%
98%
177
26
14%
'25%
*83%
68,
67
14%
25%
6%
6%
6%
6%
67%
176
150%
32%
67
24%
24%
X21%
33%
:
98%
99
177v
18%
*32%
25%
84 %
18%
33%
14%
84%
*88%
*150
150%
*17%
21%
6 %
6%
66%
66%
*150
18%
21%
21%
*32
66 %
150%
*32%
17%
*21%
6%
177%
176
177%
*17%
17%
*17%
6%
177%
24
24
23%
24
98%
98%
98%
98%
15,600
—10
No par
Cash Register
6%
12
35%
35%
*34
Mar 30
Nabco
%
13
22%
176
*173
%
%
.'
••
$2 conv
preferred.
,
No par
J—25
.—10
,-—40
5%% prior conv preferred——10
6%
prior preferred
^,-100
Co—.—-No par
Natomas Co——.
;—-Np par
Nehi Corp—1—„
No par
National Tea
Neisner Bros
Inc
—1
serial preferred-'—100
Newberry Co (J J)————No par
5% preferred series A———.100
Newmont Mining Corp—
—10
Newport Industries
1
Newport News Ship & Dry Dock—_1
$5 conv preferred——,—No par
New York Air Brake
No par
New York Central—
No par
4%%
conv
%
Nov
1%
Feb
5
17 % July
24
11% Apr
6%
Jan
15 %
Jun
Jan
40%
Apr
Dec
19%
Apr
Jan
5
37% July 20
23%
13% Jan
3
19% Aug
13
Jan
8
10% Jan
31
13% July 10
13% July 12
9% Jan
4
28.
9
Mar
14
176
1
8%
Jan
10%
33% Aug 31
18"%
Jan
29%
Dec
23% Aug 21
10% Nov
13 %
Aug
17% Apr
18
26
Apr
18
XlO
Sep
14
■
:
9%
Jan
'5
14%
Jan
3
6%
Jan
■j,
13% July 10
Xl,l % Feb ; 11
3
25Ya Oct
.
20-Aug
13% Jan 29
12
5
9% Mar
Mar 15
37% May 24
3
Jan
25
.9
Feb
5
11
x25%
Jan
5
17%
Jan
35% Oct
14% July
•
100
Jun
5
14
25% Jun 27
19
Jan
7
164
Feb
25
Jan
188 *152% Sep 13
22% July 17
14
141
Xl6% Sep
17% Apr
..
179% Aug 21
19
28% Apr
23-
7
Jun 27
34
;
5
5% Feb
Jun
28
7% Aug, 10
July 20
5'7% Feb
5
70
11% Feb
4
17% July 10
25
Sep
4
30% Mar 16
16
79% Feb
83 % Jan
5 % Jan
9'
May
13% Jan
18
93% July
4
IOV2 July 20
11% July 12
3
18% July 11
4
12
56
89% Aug
3
Jan
107
'
6
96% Jan
22
31
July
103 % Sep
7
.
5
22
4
66
Jun
23
% July 13
110
Jan
22
Jan
Sep
5%
3
26
July
21%
8% Jan
30 % Feb
13% July
23
176
Nov
19
87% Jan
Jan
Jan
16 3/4
20% Jun
11% Jan
12yfl July
15% .Jan
17
19% Jan
11% July
Feb
162
8
Feb
18
Jan
8%
6
Oct
July
.
5%
23% July 12
20% May 18
165
1
33% Oct
6
27% Apr
4
16% Apr
24
22
July 10
13
Jun
8
16
July 12
97
Jan
5
106% Sep
23
35% Apr
25
50 Vb Aug
22
15% Jan
3
21% July 20
6
Jun
Sep
143/4 ]y,jay
21% July
15%
Sep
12
Dec
36
Dec
29%
Sep
Jan
11%
Jun
70%
Jan
90%
Nov
14
Jan.
20%
Dec
160
Jan
178% July
137
Jan
150
Jun
14%
Jan
22
May
27
Nov
36
Jan
:
2%
Jan
7%
Jun
Jan
64% July
53/4. Jan
15% May
52
14%
Jan
28 %
Jun
57
Jan
80 %
Jun
62
Jan
88
Jun
7% May
2 3/4
Jan
6
Jan
10%
9%
Jan
19% July
*
Jan
25%
Oct
74%
Jan
98%
Nov
37
Jan
57%
16
1063/4 Mar
20%! Jan
10%
Jan
12
Dec
94%
Nov
114
37%
19%
Apr
Sep
Aug
Apr
Oct
21% Mar
102
May
27 Vq
Jan
44% May
10%
Jan
20
May
-
■
AND
tOW
Sept. 80
$
Oct. 4
per
per share
y
share
for
Oct. (5
y per share
y per share
NEW
the Week
Shares
Oct. 5
y per share
per share
Sales
Friday
Thursday
Wednesday
Oct. 3
Oct. %
28 %
28%
28
28%
29
29
29
29
29
28%
28 Vi
87
87%
88'%
88
91%
90%
92%
92
93%
92%
93
25% '■
25%
25%
25%
25%
*25%
25%
25%
25%
*25%
26
700
*15%
16%
100
39
300
•15
16%
*15
38%
*35%
*15
16%
*35
38%
*73 %
74%
74%
46%
46%
202%
202%
203
119
119
119 "
*118
75
17%
17%
*45
46%
18%
19
18%
*55%
56
*55 y4
56
*55%
*53%
54
*53%
54
53%
53%
9%
9%
18%
18%
9%
15%
16
15%
*113%
*105
*113%
*26%
27
26%
27
*46
46 y4
46y4
46%
6%
6%
6%
6%
6%
6%
114%
53
*13%
13%
106
16%
:7 17,800
114%
114%
20
16%
16%
16%
16%
16%
16%
55%
56
55%
57
55%
52
50
7/
9%
9%
10%
9%
10%
10%
*100%
101%
*101%
102
101%
102'/a
240
12 y«
12%
101%
12 Va
101%
11%
12%
12%
12%
12%
12%
13%
13,100
23%
23%
23%
23%
23
23 y4
22%
23 y8
23%
23 V2
23
23 y4
5,300
156%
*72%
58%
58%
59
,.
72
Dec
4
75
Oct
3
19% Mar 11
Oct
20
14%
14%
14%
11%
11%
42%
42%
Jun
48%
Jan
56
Jun
Nov
14%. Apr
112
Preferred
8%
17% Jan
15
37% Feb
1
91%
3
40% Jan
12
12% May
15% Sep
—-No par
Dec
18% May
116Va July
,
15 Va
Jan
23 Vz
36
Jan
41% Aug
x3%
Jan
6./ July
31
Jan
45
Jan
14%
5
52% Aug 17
16
Jan
8%
27
11%
20% Mar 22
3% Oct
July
Apr
Oct
21Va July
Jan
4-% Oct
15
No par
29
Oct
5
30
45
Feb
8
58% Aug 18
29 Vz
Jan
503'4 July
8% Apr
99% Aug
18
11% July 19
3%
Jan
10
8% Jan
18
14% July
1
3%
Jan
19
24% Aug 28
15%
Jan
par
6
100
—-10
——
No par
Otis Elevator———
18
147
6%
-—No
Glass
14
Jan
No
Equipment
Co—
8
Jan
107
July,
7
50
101
Jan
7%
6
Aug, 18
47
4y4 Jan
2.50
(The)—
preferred A_—
conv
18% July
x28% Aug 17
Ohio Oil CO—
Oppenheim Collins
8
104 Vz Aug 30
—50
—<—_
Farm
3
No par
Norwich Pharmacal Co—
Oliver
4
Jan
——-—No par
Outlet
7 11%
56%
115% Apr .24
75
14%
18% July
Jan
31
42
11%
Jan
Jan
*72
V 59'/2
9%
49%
100
*40
59%
19% Aug 21
55% Aug 25
xl3V4Jan
75
59%
10
ii—50
Ry——:—.—100
Telegraph-.
Nov
122
26
Northern Pacific
Northern States Pow $5 pfd-JVo par
Airlines
July
192'/a July
•
Jan
Jan
2
Northwest
38
Jan
-
15% Jan
27
42
59%
23
26% May
52
9% Oct
*72
157
>
12% Nov
26
54% Sep
*40
59%
47% Sep
9
75
59
__
27
42
—
4
33% Jan
7% Jun
*40
155%
4
51% Jan
Aviation
American
*72
75
59
75
58%
75,
*72
*
54
preferred———
—100
Outboard Marine & Mfg——
5
*155%
155% 155%
*40
V 42
156%
42
*40
42
*40
Jan
3
1
North
8,400
9%
:ii%
*156%
28%
Jan
10
Omnibus Corp
*155%
July 25
52
preferred series--.
.—50
5%% preferred series—_—-—50
Oliver Corp. --——-——
101%
*
Dec
77
—100
North American Co——
4,000
3,800
9%
101
132
113
10,800
11%
101
Jan
162% Jan
28%
800
'.
*100%
10
63%
19
6
'16%
10%
15
Jan
2
13%
10
10
Dec
198% Jun
129
Oct
13%
56%
v
Dec
32%
Feb
Northwestern
16%
13
Jan
*-fiO
Norwalk Tire & Rubber—
28
Jan "•
16%
210
700
16%
6%
1
122
200
28%
3
42% Jun
3
2,500
16%
16%
55%
18% July
22
29
6%
28%
16%
54%
27
116% Jun
26%
*50
11% Jan
30% Jan
183 Vi Jan
non-cum
46 y2
13%
>May
par
No par
Northern Central Ry Co
400
27,700
16%
52
26
pfd——-100
Adjust 4%
*6%
*50
74% July
Jan
Noblitt-Sparks Industries——5
& Western Ry——100
26%
*13 y4
Jan
14%
Norfolk
46%
13%
Jan
31%
28% Mar 14
14% Jan
Y
6%
51
11
97% July 19
3
SMpbldg Corp part stk—1
N
6%
13%
32 Vb July 20
3
75
46%
51
4
Jan
of dep
Certificates
26% July
19% Jan
62
No
Co
27
13 y4
13%
'
West Ry
&
Highest
$ per share
t per share
share
'24VaJan
RR Co—
•
26%
*46
53
*50
*50
13%
.
Y Lack
per
100
preferred-.
Y & Harlem
$
-100
No par
preferred series A
non-cum
Lowest
Highest
t per share
6 %
9%
*104%
114%
*113%
114J/4
*113%
12,400
54
9%
16%
16
16%
50
56
54
9%
106
*104%
__
15%
■:
200
1.000
119%
19%
*55%
:
3.900
210
18%
•
54
9%
46%
53
13%
*53%
9%
27%
*46
6%
>50
54
9%
19
56
100
46%
208
*118%
119%
N
17%:
*45
46%
206
*55%
114%
46%
6%
18%
54
15%
15%
16
*45
56
*55y4.
26%
27%
46%
18%
17%
*118%
18%
20
850
76
*74%
17%
204%
119%
*113%
114%
26%
19'%
56
*105
*105
*104%
*
9'/a
9%
9%
46%
*118%
119%
75%
17%
$5
N
162
75%
*74%
205
204
204
2C2%
*118%
■
75
75
6%
N Y City Omnibus Corp.,
New York Dock
75%
*160
162
75
75'
17%
*44
46%
46%
202%
*155
74%
75
17%
18%
18
18%
18%
159
7 *37
40
40
74%
*74
16%
*15%
40
159
165
74%
75
*73
75
*73
75
*37%
38%
*159
162
162
170
*162
15
15
16%
38%
•
Lowest
Par '
N Y Chic & St. Louis CO—
8.000
25%
'V;
7,,v.
>' ''
•>>
Year 1043
Range since January 1
STOCK
YORK
EXCHANGE
1.400
86
'28
Range for Previous
STOCKS
HIGH SALE PRICES
T-esday
Monday
Saturday
Monday, October 9, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
"1540
■
Owens-Illinois
14%:
1,400
Pacific Amer Fisheries Inc
11%
1 020
Pacific
43
43%
470
22
22%
1,220
16
16%
100
32%
32%
32%
10,700
Pacific
Gas
45
45
45
700
Pacific
Pacific
Mills———
100
Pacific
43/ Aug 25
%
105
Jan
10%
.:/
Dec
Dec
Jun
21% Jun
Jan
142
Sep 26
2
154
Sep
38
Apr
28%
Jan
46
Jan
67% Oct
54%
Jan
64
Jan
8
73
Aug 18
55% Feb
Lighting Corp—No par
2,500
157
69
10
64
12.50
Co_
2,000
May 10
105% Jan
2
31% Apr 26
par
59%
8
Apr
Oct
29
64
Jun
19
3
14% Sep
19
7%
Jan
3
13
Apr 28
48% Jan
4
6Vb
Jan
23%
Jan
-
July
'
14%
14%
11%
11%
*11
41%
41%
43%
43
22
21% "21%
*21%
21%
22
22%
16%
16%
*16
16 y2
*16
16%
32
32 y4
31%
32 y8
45
45
45
*14%
14%
14%
14%
10%
10%
ny.
11%
*40%
40%
40%
20%
■
20%
20%
*15%
16%
32%
32%
32 Va
32%
44%
44%.
44%
44%
39
38%
39
119
16
*16
119
14%
'
%
43
32%
7
•
Coast
10% Jan
—B
8 % Jan
-10
Co——
preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
10
39
—25
30
Electric
8s
■i
38%
38%
39
*14%;
159%
*44%
39
39
40 y8
39%
6%
*14%
5%
39%
39%
.
13%
47%
47%
*46%
110
110
4
4.
■
■
■'
:
26
32
*31%
31%
1%
1%
1%
29%
29%
30 Va
22%
22%
.
18
Xl7
*56%
106%
18%
19%
14%
4%
19%
14%
14%
*4%
18%
19%
14%
4%
1.
.
;■
*23
*63
64%
15
14%
14%
76
■;,
No
27
105%
*105
4%
;;
4%
58%
*17%
23%
23%
64%
64%
65%
66 y4
15%
77
77
49
49
*26
28
*105%
.
*105%
*7%
*9
60
60
60
23%
23%
23%
23%
23%
53%
53%
53%
53%
53%
54
102%
102%
*102%
102%
19%
19%
19%
19%
*25%
25%
25%
25%
*118%
119%
91%
*107%
113 %
*14%
16
*14%
115
*110
43 y8
43%
43%
*11%
12%
*11%
24%
25
*24%
*105
'
135
107 y2
*105
121
34%
92%
16
*14%
*110
*24%
*105
28
51
900
1.100
51
*26
"
28
9
105%
7%
9 %
100
'
1.300
,71/2
■
30
'97,;,
300
59 %
59%
59%
l'.OOO
24 y4
24
24%
36,200
53%
54
54%
55
19%
19%
19%
26
'
103%
103
103
26
*26
430
200
105
*8%
*78 v
*13%
70%
6%
6%
71 %
69
6%
80
*186%
5%
8 %
190
*118%
34
34%
3.000
92 %
.92%
92-/a
1,500
92%
*14%
*111
43%
12%
*24%
*105
115
24%
*14%
*110
43%
43%
43%
*12
.
*12
12%
24%
24%
*24%
135
*113
16
*14%
*110
43%
*12 Vis
113%
*113
16
115
107%
108
*107
135
*105
*105
70
9
9
80
*13%
190
6
8%
*86
19
49 %
49%
50%
62%
62
19
19
119%
*73
16%
12 y4
77
*73
77
*186%
6
8%
*86
6
8%
95
48%
49%
62
62%
19
18
>/8
12%
77
12
*73
*22%
10%
10%
11%,
19
15%
15%
15%
15%
57%
*118
17%
15%
57 %
57%'
108%
99 Vb
99%
107%
108%
118%
107
12
76%
47%
15%
3% Jan
16
115
44%
5.800
12%
100
500
135
95
13%
1.200
*186% ' 190
6%
6
3,800
13%
:
*8%
*87
9
■
3.000
95
50 Vb
800
63 %
18%
63%
19%
280
19%
18%
49%
63%
1,800
12%
12
*73
<
43% July
19% July 17
49
Aug 22
7%
Jan
11%
Oct
114% July 13
4% July 13
105%
Jan
113%
July
2
Jan
4
July
10914 Jan
Pennev
12%
13%
.3,700
76 Vz
76%
76%
10
8
2% Jan
3
Jan
6
61
Jan
10
106
23% Jan
27
27
16
Inc
—No
Sep
1% Mar 27
26% Apr 28
par
18% Feb
2.50
,
7
4% Jan
3
15% Apr 26
17%
Jan
1%
Jan
27%
Jan
16
Jan
8% July 12
15
Sep
20 %
July
16
17
; 21% Jan
15
55
Phelps-Dodge
7
15
Sep
3
26
20 % Feb
14
Jan
10
88% Jan
19
V
13%
Jan
Jun
23%
Jan
32Vs
17 Va
Feb
24%
67% Oct
46%
Jan
61% July
73« Sep
Jan
117
Apr
24% Jan
"82
106
108
Feb
3
25
5
28'/a
Jan
59 38 JUly
5-4
Jan
88% July 19
34 V8
Feb
16 Va May
58% May
59% July 19
28 Vb July
5
19
Jan
23
Feb
105 Vz Oct
9% Jan
10
20
Nov
6
37
Jan
X51%
6
68 Va
Jan
'91%
Sep
3
18% Aug
24 Va Oct
22
Dec
July 28
119% Sep
Aug 15
109%
Jan
117%
Jun
11% Feb
14
16% July 14
7%
Feb
14
July
Jan
19
113% July 13
79%
Jan
100
July
42
% Sep
15
50
9
Apr
4
23% Feb 23
42%
Nov
14 %
July 15
3%
Jan
10% Dec
28
July 11
18 Vz
Jan
26
May
Jan
102
Jan
48% July
102
Jan
61
Jan
27
13
29
3%
Feb
21
34%
75
10
July
5
80
May
5:
15% July 10
1
liy2Jan
4
-100
164% Jan
25
171
.100
183
190
Mar
Aug 22
6% July 3
par
4% Jan
3
3
Pittsburgh Steel Co
——
7% preferred class B
5% preferred class A
5%% 1st ser conv pr pfd
par
; 6% Apr
25
.100
82
Sep
14
.100
45
Sep
14
.100
57% May
3
66% July
.100
11% Jan
6
22% Aug 12
Apr
.100
69
16% Sep
26
59 Va
Jan
90
61% Jan
10
24
Jan
5
56
Dec
14% Aug
57%
15%
15%
15%
15%
15'/a
15%
15-/4
153/4,
9,200
Pressed Steel Car Co Inc—
—5
11% May 17.
*119
17%
17
120
17%
*119
17%
120
17%
120
<
17%
120
173%
57%
*120
17-/4
5.7-/4
120-/3
20
17%
12,300
99%
100%
99%
101
100-/4
101
100%
101
107%
99%
116%
107%
107%
107%
107%
108
107'/a
107%
108%
108%
118%
*116
4 7%
48
15%
15%
109%
790
119%
119%
580
116%
116%
116%
40
47%
46%
47%
11,800
*116 %
4^%
46%
4714
47 Vb
15%
*113
113%
*105%
106%
23
23 %
78
1543.
109%
119
116%
106 %
■>
109%
119
114
23
15%
15%
310
119
109%
118%
116%
*105
1,490
109 3/s
108%
118%
116%
*113
1,900
153/4
16
15%
16
12,300
113%
*113
113-%
*113%
113%
106%
106 %
*106
106%
106%
1063/4
400
23%
.23 y4
23%
1.300
*113
23-/4
23%
23%
5%
_50
(ser of Feb 1 '29)
pfd
Pub Serv Corp
of N J
1
7%
8%
preferred
preferred—
preferred
Pub Ser El & Gas pfd
35% Jan
52% May 19
.100
~No
par
116
10
Mar 25
13% Jan
3
8
%
Dec
Dec
Jan
21% July
23% Apr
25
15% Sep
26
6%
48% Sep
25
24%
Jan
40%
48 Va
Jan
58
1143/4
Apr
123
113/b
Jan
120
July 19
Jan
12
18% July 10
13
Jun
Jun
Oct
Jan
Oct
5
85"%
Jan
Apr
13
96%
Jan
107% July
114% July
.100
$5—.
113% Jan
119% Apr
10
108 Vn
Nov
129% July
No par
115 % Apr
119% Feb
15
1133/b
Nov
122
10
26 3A
Jan
11
Jan
Oct
52 Vb July
4
Pure Oil
14% Sep
13
.100
1C9% Jan
12
113% Aug 25
1043/4
103
15
107% Aug 14
92 Va
Jan
24% July 17
133/4
Jan
(The)——
preferred—
preferred
103
conv
Onrn.
96%
75%
108
101
87% Jan
96
37% Jan
■RotpHpc
Apr
110
.100
No par
PiiHtv
Sep
Feb
17%
Jan
mo
——
No par
5%
Jun
13% May
Jan
Pullman Inc
6%
13
15% Sep
6% Jan
59
Nov
104% Jan
NO par
$5 preferred——
6%
May 29
Mar
16% Mar
10%
Jan
11% July
75
168
74%
Jan
25
25
25
52% May
Jan
4
15
8% Apr
11% Apr
*
Jun
July
Jan
18
19% Jan
57%
1%
14
par
—1
57%
Jan
Aug 23
Plymouth Oil Co—
Pond Creek Pocahontas—
57%
Jan
19% July 11
80
Poor & Co class B
57%
3
6%
"
7%
14
par
Aug
10
100
-No
182
Jan
Jan
99
1,800
400
170
10% May
10%
par
Jun
168% Nov
20
May 16
Mar
15% May
168% Nov
Jan
17-/4
48%
Feb
Jan
.100
8% Jan
9
77%
Jan.
9 %
4%
22%
48%
Jan
Jan
59
150 %
.—1
7% May
68% Dec
4
10%
*15%
5
Feb
Apr
5
9% July
17%
57%
4
No
22%
49
8
7% Jun
103%
57%
July
X98
17
*47%
Jun
115
223/4
*15%
90%
11
10%
16
26% Jun
Feb
Apr
No
1st preferred
5% conv 2d preferred
Procter & Gamble
*
Jan
113
18
conv
13%
71
Nov
Pitts Screw & Bolt—
5 %
25% Sep
104%
*22%
16
Sep
July 12
25
—
29% Mar
1.9
July 10
94% Aug 31
7Vb Apr
(The)
% July
8% Jun
5
68% Feb
Pittsburgh & West Va—:
10
Jan
110
100
Pittsburgh Forglngs Co—
Pitts Ft Wayne & Chic Ry—
7% preferred.—..——;—
5Va
Mar 28
5
—
6% Jan
25
Oct/
21% Jan
37
413/4 May
26% May
Oct
24% July
26
12
Jply 14
62 % Sep
1% Feb
6
No par
preferred
Apr
Sep
6
.No par
Pitts Coke & Iron Corp
Dec
16% Oct
5
26
113
67 % Oct
10%
1,800
6
17% Mar
v
17% July 20
55
23% May 13
Jun
108 %
105
May 16
Oct
3% Mar
45
31% Julyl7.
25
May 31
112
3
49% Jun
r
100
—
6
7% Jan
Pillsbury Mills Inc——
25
Pitts C C & St Louis RR———100
Pittsburgh Coal of Pa—
5
6
40l/a Apr
—
preferred
4
33% Jan
23% Mar
preference
Phillips Jones Corp—
No par
7% preferred——100
Phillips Petroleum
——No par
°ncpnix
Hn«ferv__..
—-5
3
105% Oct
com——No par
series—,-—100
series
,——100
24
Jan
33%
•
-25
par
6
Apr
54'/2 Jan
Philadelphia Co 6% preferred——50
preferred——--U—No
4
5% Jan
Co——No par
Co Inc
—-1
Corp__.
Jan
10 Va Jan
46
preferred————100
&
Mar 17
110% Mar 17
; .25% Mar
1%
62% Aug 14
18% Aug 18
60-,a Mar
Jan
22%
163/4
May
Nov
3%
10%
17
29
3
.
17% July 14
5
Aug 14
*22 Va
17
19 Va May
6 Vz May
,
Jan
16% Nov
19% Oct
Corp of America-———5
Preferred
Apr
May
100 Vs
Brewing
Co.
Dec
2%
Dec
Coke
(Chas)
Pittston
1%
72%
32
Jan
—
$5 conv
5
13
preferred
———100
Pennsylvania RR——.———50
Peoples Drug Stores Inc__——5
Peoples G L & Coke (Chic)——100
Peoria & Eastern Ry Co
—100
Pepsi-Cola Co
—.—■— *1
Pere Marquette Ry Co——100
5% prior preferred———100
5% preferred—.
100
Pefc Milk Co.—
.—No par
6 %
July
51%
9
$1
30
2% Jun 27
31% Aug 18
23% Jun 17
20% Feb
Dec
July
Jan
80
10
$6
15%
106
6
2% Jan
Pfeiffer
45%
Jan
20
37% Feb
Petroleum
.
Apr
58% Jun
A—,.-,—-No par
Penn Glass Sand Corp——No par
Pfizer
5
35% Jan
100
Oct
6 % May
17% July
108% Oct
$7 conv pref ser
2nd
37% July
Jan
7
3
.
21
0
10
18
4%%
>29% Jun
Jan
51% Apr
9 Vb Jan
&
25
3%
93% Feb
13% Apr
Coal
5
Jan
147
par
,
Corp—10
Penn-Dixie Cement——.——No par
Penn-Central
Penn
July
5
—No par
Airlines Corp
1
da
(JC)
Pitts.Young & Ash pfd—
*173
49
90
50
49%
*63
*47%
page
1,100
78
Jan
10%
114
see
3,100
"
78
Jan
23%
45
& Ford—————No
Penick
4 Vz %
9
2%
35% July 10
28% Apr 25
8% Feb 18
45% Sep 26
No par
Enterprise?-——10
4%%
25'
27
17% July 10
6 %
Aug
8
17%
105
For footnote's
160
29
22%
105
23%
119% Sep
Dec
7% July 25
*10%
*113
23
*87
*15%
118%
15%
15%
9%
8%
16
108%
47%
6
48%
118 %
48
190
6
*15%
107
*116
Jan
3
Transportation
Preferred
*169
*186%
r;
*47%
108%
118%
Jan
91%
3
Sep
—5
■
116%
19
.45-a July
28% May
12
103
Parker Rust Proof Co__
Prefer red
70%
13%
16
17%
17%
99%
107%
13%
48 y8
119
119
120
Jan
41% Jun
par
Co_i
&
40
X68y2
80.
16
*15%
47%
*78
Davis
40
4,400
9
Pictures
107%
6%
9
*173
1
47%
Jan
Dec
Jan
163
*17
22%
*10%
47%.
16 Va
31-a
:
23%
33
121% Jan
*22 Vb
22%
*22
*15%
72
9
*169
190
*173
*73
17
17
16%
12
71%
•
14
63
*173
12%
12%
*78
13%
9
80
Paramount
113 VB
6%
6%
6%
714/4
49%
y8
*18%
*173
*173
12%
19
8%
95
49
62%
190
6%
8%
94
*86
63
49%
*62
14
i
6%
*169
*186%
5%
8%
8ya
94
*86
6%
6%
preferred
conv
com——No par
4.4%
preferred
——100
Philco
Corp
—3
Philip Morris & Co Ltd
-—10
93
71
14
5%
16
July 12
10
—.—.-100
Inc——..—No
Cos
Paraffine
1,800
34%.
24%
*169
*186%
5%
Jun
11
—1
& Ref—
Prod.
Panhandle
6.100
119% V
9
69%
,
*169
*169
>
12% Feb
100
preferred
5.60%
19%
34 Va
■:c* 78
9
80
13%
14
6%
72
8%
9
80
46
27
No par
Car—
Motor
2614
'
6%
34
3
Jan
American Airways
Phila Electric Co.
*118%
16
135
49%
3,700
79%
*78
79
4,400
29,000
34%
12
24%
15
119%
43%
135
16%
67%:,
15
24
108
12
15%
65%
•
59%
113%
43%
16%
33%
*92
*107
12
1,800
*118'%
v.
*113
43%
67%
15
7%
19%
107%
115
200
66%
*9
102%
113%
107%
23%
65
*7%
54
26
13,200
30
66%
66 Va
105%
59%,
25%
•
34%
*113
115
*110
19%
92
,
113
113
113 y8
10
55
July
25% May
Jan
Mar
4% Jan
5%
*23
•
*105% 105%
.24%
19%
25%
*118
91%
108
*107%
19%
25%
34%
91%
91%
34 y4
102
102% 102%
23%
77%
9y»
9%
18%
*17%
29%
49%
7%
9%
7%
9y4
,
*26
105%
7%
105%
400
14%
7
15
27
77
400
4%
V"61
16
64%
49
'•
61
30
,
15%
63'%
*14%
43 y4.
7%
34%
1,400
108%.
*111
23%
60 »
121
18%
*111
29%.
23% '
34%
600
57%
,
*4%
4%
60%
29%
*53%
*118
18%
27
,
••
4%
60%
"7
%
29%
59
23%
108%
*17%
4%
59
29%
60
*59%
Jan
14%
>10
25% Jan
Corp-——5
Pan-Amer Petrol & Transp
—5
Panhandle East Pipe Line—No par
Pan
Patino Mines 8s
1,000
77
*7%
57%
.
Packard
Parmelee
12,300
15
*9
107
200
19%
15%
9%
57
106%
Oil Corp
Western
1,900
17
14%
63 %
7%
7%
*9
16%
7 56%
Pacific
3,900
7%
7%
16%
19%
14%
105%...
23
'7
17 y8
14%
15%
77
•
•
19%
62%
'•
*21%,
7%.
:ri
30%
14%
15
48 y4
.30%
14%
15%
*105
3
117% Apr
1
—10
Parke
1,900
1%
1%-
Pacific Tin Consol'd Corp
2,000
31%
,
'
23
7%
23%
64%
27
.
•57%
*111
*23
•
;•
106 Va
16%
18-%
64'%
31 %
19%
63%
-,t *26
25
16% Oct
14.9
par
1
Park & Tilford Inc ex-privilege—1
Park Utah Consolidated Mines—1
12,700
14
15
48 %
48%
23% Feb
3
39% Jan
—100
——100
Telep 8s Telegpreferred—
3,200
26%
19%
*75
76
'
48%
*26
4%
29%
.
30%
6%
4%
31%'i
:„i%.
*22
7%
17
400
26%
26%
31V4
1%
3,800
•
110
14
*17%
23%
.
.
1%.
4
54
3%
53%
30%
31%
:
*106
26%
26%
•'.
110
330
19%
15%
62%
...
3%
54
*52%
*106
106%
,,
59
29%
7-. 3%
•
110
*109%
19%
62%
15%
62
3%
110
*56%
•
*111
64 %
400
*47%
47%
110 V
:
16%
*57
18%
*23
23%
48 y4
47%:
110
15
19%
*14
59
29%
29%
29%
1,200
22 Vb
57
26,000
5%
14 Vb
7%
106%
5%
5%
13%
22%
•
100
13%
7%
16%
15 VB
13%
22%
*56V4
*14%
6,700
30%
106%
14%
32
30
57
*17%
>
1%
8,500
31%
*21%
*111
*111
30%
1%
6%
32
30%
30
6 %
5%
7%
*56%
60
*56%
/>- *17%.
31
1%
:
8
*4%
■
31
31%,
1%
6%
31%
54%
*53
25%
100
13%
*106
26 ;
;;
,
32
3%
4
HO
106
106
106%
110%
25%
17
57%
17%
*56
47%
110
53%
53%
*106
30 y4
7%
*47
110
*3%
'
54 y8
*13%
47%
47%.
22%
*22
8
8
4
13%
119%
160
14%
,,
5%
5%
31%
119%
159
'
6%
15
5%
110
26 y4
26%
26
47%
159
32%
*13%
110
*106
110
*14%
5%
13%
*3%
*53 %
54%
*53
*106
15%
32
■
110 V4
110
■
*14%
119
159
6%
6%
32%
32
13%
6%
119
160
*159
6%
f
5%
5%
5%
32%
*13%
160
15 ya
119%
119%
119
*159
159%
6%
32%
.
119
15 y8
6%
3
13 Va July
13% Apr
'
'
*44%
119
6%
159
159
19
15y8 May
'
119
Sep
17% Jan
1st
.
.Wn
no*
Jan
19% Jan
14
18
Mar 22
Feb
Aug
40% July
19% July
114% July
107% July
22%
Nov
]|
Oct. 2
Sept, 30
5
$ per
per share
Shares
share
$
*15%
16
400
.10%
11
27.700
per share
Year 1943
Highest
Lowest
$ per share
$ per share
Par
$ per
$ per share
t per share
share
Lowest
EXCHANGE
the Week
Oct. 6
Oct. 5
Range since January 1
STOCK
NEW YORK
for
Sales
Friday
Thursday
Wednesday
Oct. t
Tuesday
Oct. 3
Range for Previous
STOCKS
SALE PRICES
HIGH
AND
LOW
Monday
Saturday
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4323
Volume 160
Iliihest
$ per share
$ per share
Q
*15%
1G
1G
16
16
15%
10%
10%
10%
11
10%
15%
15%
103/4
10
11
76%
76%
*76%
76%
8%
10%
15%
10%
15%
83/4
b Va
9 Va
91%
91%
91%
32%
*32%
163/4 Aug 21
12% Jan 21
Oil Ref Corp_——10
Quaker State
10% Jan
15
July
R
"
76%
-/2
76 %
8%
8%
7O
76%
76%
76%.
,
'
8%
.90%
91
31%
;
91
91
91%
91
31%
91 %
*31
•
8%:
8%
8%
32'
31%
32
32%
16%
16%
16%
16%
16%
16%
'-*321/2
32%
32%
32%
*32%
17 %
17%
17
17%
37
*36'
36%
30% :
*30
31%/
*11
11%
>
*11
11%
*
20
-
66 %
64%
:
20%
20%
*99
99%
"
13%
13%
13%
16%
19
19
*100%
103
20%
21.
20%
21%/
21 i/a '•21%
11%
11%
99%
99
•
99
79
»'
94%
22
103
99%
11% •■12 /
99-
99
99
99-
'
80
80
80"
•'
15%
*79
15
15%/
-
93%
93%
T4%'
33
33%
38
38%
171/8
17%
:/
•
17%
9%
9%
9%
14%
.1
■
•■:■
33%
33%
8%
22%
•'
33%
34
•'*73/4
«■
•
333%
-•
-
32%
%
32%
%
50%
33%
33%
33
32%
%
51
*50%
51
*50%
51
*50%
19
33
*%
'■■
51
7%
19
33%
33%
%
.
%
15
7;
8%
"
V
53
183/4
12.300
190
'19
51%
*51
Bt
tfit
1%
1.300
e%
33%
33%
*106%
108%
*41%
42%
1
1 Va
*1
52%
53%
53%
533/4
53%
113%
113%
113%
113%
*1133/4
114%
8%
8 3%
8%
8 Va
8 3/s
8/4
8%
53'
53
33%
34%
m; 34%
34%
34%
34 3/8
34%
*106%- 108%
*106%
108 %
*106%
108%
*106%
108%
*106%
42%
42%
423/8
*42%
42%
42%
-
108%
108%
42
43
109
114%
*113
115
*113
116
*113
*1073/4
109%
*107
1093/4
*107
1093/4
21%
21%
21%
21%
21%
21%
21%
21%
*6%
6%
6%
6%
*6%
6%
6%
6%
21 %4
•
,
V
21%
*6%
"
6V2
99
99%
99
99%
98%
99%
98 3/4
99%
99%
21%
21%
21%
21%
21%
21%
21%
21%
21%
100
21%
15%
15%
16
16%
75
74
74
*73 %
12%
12%
12%
i6%
16%
16%
*73%
75
78
*76
100%
5,100
21%
8,100
Servel
21%
*16
16%
*74
.'
10
13%
5.400
:
100
78
*76
78
*76
2.300
75
12%
12%
123/4
153/B
15 V4
15/4
15%
15%
3.100
52%
*51%
52%
*51%
52%
513/4
51%
*50%
52%
*50/2
51.3/4
70
*51%
22,%
22%
3%
34%
3%
*3%
4
34%
*33%
34
4
•
29%
29%
29
13%
13%
13%
13%
13%
36%
36'%
36%
36%
36%
15
15%
15%
14%
*14%
/'■■
18.700
37
37%
37%
2,000
15%
15
15
1,200
28%
12%
12%.
4%
4/a
39%
39%
*39%
*150
152
*150
152
25%
25%
25 %
25%
15%
15%
15%
16
15%
15%
15%
28%
29%
28%
29%
16
■>
16
39%
40
293/3
900
'2.300
6,400
70
*59
30%
31
*303/4
27%
28
27%
47%
*46%
48
46%-
60
31
30 3/4
28
27%
*46%
48
*46%
48%
*59%
60
x59 %
59%
59%
60
60
60
11%
11%
11%
ll3/8
11%
11%
11%
11%
11%
68%
69
68%
68 %
683/4
68 3/4
68 V2
69%
69%'
59
*
*112
116
110
111
29%
*111%
114%
69%
69%
116
*114
11-6
*114
116
10
111
*110
111
*110
111
*110
111
*110
111
30
29%
29%
*112%
114%.
2934
63
69%
70
29s/8
3%
3%
63
63
71%
70
353/4
35%
35%
36
35%
36%
32%
33
32%
33
54
54
54 %;
54%
54%
43
43%
43%
43 %
43%
43%
*111
112%
*111%
112'4
10%
10%
10%
*112%
-
"■
3%
3%
*62%
70%
63
70%
3G
36%
29%
29%
114%
*112%
114%
10%
3,900
13,300
36%
431%
43%
112%
*110%
10%
10%
*32%
33%
*32%
64 3/8
643/4
643/4
10 3/8
10%
103A
%
1,300
.
800
112
*110%
112
16
15%
16
16
113/a
11%
11%
11%
11%
8.700
13,700
43%
43%
43%
-
11,400
.-
5%
10
10
10
10
10
25'
2434
24%
24%
9%
10
25
24%
*69%
22
70%
20%
22%
*28%
29%
20%
*69 Va
70%
22
71
22
*28%
20
22
*28 3/4
*19%
19%
71
22%
23
*29
30%
20
24
*69%
71
22%.
30%
9%
*23%
30%
5%
9 %:
24%
.
1273/4
6
10
24%
30%
<
;"
Starrett Co
(The)
.
par
I~—120
155
Jan
20%
5
Jan
303/4
Dec
Sep
149% July
25
21% Jan
6
Jun
Apr
29%
Jan
132
Aug 10
25% Oct
Apr
3.000
Sunshine
500
Superheater Co (The)
Superior Oil of Calif
2,300
_No
Mining
par
10C
Superior Steel Corp__
Co__,
Syivania Elec
6 3/4
6.500
Svminet.nn
6%
6%
6%
6%
6 34
583/4 July 10
35%
Jan
493/fc May
7
73
42 %
Jan
66
2%
Jan
,
Sep
27*
73/4 Aug 18
Jan
3
5% Jan
26
9
Jun
28
Feb
14
72
Sep
28
4%
55
23%
5
32% Jun 28
22% May 13
29% July 18
28
May
Apr
6%
6%
Jan
Jun
Sep
Jan
61
Nov
21,%
Jan
35
Dec
23%
33
Nov
35% Mar
36% Jan
26
48
Sep
5
32% Jan
44% July
56 3/4 Jan
27
61
Jun
2
66
May
3
Jan
Jan
3
12% Aug 17
50% Feb
11
74% July 17
6
33% Jun
9
383/4 Mar 13
Jan
28
113% May 25
110
57
Sep 22
111% Apr
108
19
May 17
28% Feb
110
Jan
9
27
60
8%
Sep
Sep
35%
Jan
64
Sep
33
Jan
42
July
109
Jan
49
Jan
116% July
70
July
115
July 20
112%
Nov
117
Aug
112
Jan
107
NOV
110
Dec
25
Sep
64% Feb
2
28
333/4 July 12
116
Sep
4% July
1
5
ft
31
28% Jan
Gould
Corp
Jun
115
11% July
34
15
31%
Dec
Jan
115% July
iya
Jan
6 b/8 Mar
9
Jan
100%
38%
Dec
10%
Jan
443/4
28%
Jan
40
28%
Jan
383/4 July
Dec
May
5
Aug 24
623/4 Feb 29
673/4 May 18
113/4 Jan
3
17 3/4 July
10
5
133/b July 12
17% Mar 14
15% Feb
1
7% Apr
19
11% Oct
19
Jun
15
Jan
27
5% Feb
15
.5% Jan
3
7 3/e
3
27
25
Sep
26
84% Feb
2
19% Apr
25
2534 July
29
14
33% Aug 22
Sep
27% Jan
205/a-Sep
par
1
33% Jun
26 3/4 Apr
33 % Jan
55/3 May
5
25
31% Mar 20
273A Jan
_No
July
Sep
4%
Jan
14%
Dec
xl7
63/4
Jan
Jan
Jan
33/4
22
8% Jan
14%
6
27
5
73/4 Mar 1.3
Jan
Feb
22
Jan
26%
43/4
22%
Jan
27% Nov
22 3/s
Feb
4%
Jan
Apr
May
82
Jan
Feb
14%
Sep
Oct
73/a
Jan
12"%
Deg
63% Mar
130
Apr
58 3/4
Jun
10 % May
15%
4% Nov
July
10% July
May
Jan
14
122
17% Jan
10
7%
48%
63% Oct
1273/4 Oct
121
66
68% July
5%
20% July
54
Sep
28
69% Sep
100
Co
Prod's Inc
18
343/a Jan
par
Swift International Ltd
2,600
29
285/8 July 10
4
12%
(The)__.
6.200
29
3
Jan
54
23
Sweets Co of Amer
29%
29
Jan
40% Jan
20
25
_No
Sutherland Paper Co
Swift
Sep
Apr
IS3/*
13% Apr
par
—1
1,200
30%
p'ar
cum). —100
29%
29%
28 34
(4%%
Corp
.29%
29
28%
1543.
22%
pfd
Sunray Oil
2.200
29%
page
22%
*29
Class A
—
19 3A
283/4
see
70%
var
(The)t.—..
Sun Oil Co
30%
29
For footnotes
165%
Aug 18
43% Sep
5
43
9% Feb
_No
30
30%
6%
9%
24
preferred—
Webster
*19
30%
6:/4
■
70%
40
8.400
prior
&
19%
29%
29
9%
24
1,100
5%
303/s
28%
-
6
5%
1,200
par
10
29%
30%
.
1273/4
*■126
;
par
.—3
19
29
7
-No
L S—
Corp
19
30
28%
Jan
9% Ma>
500
29
6%
2%
31% Mar
Stokely Bros ft Co Inc„—
29%
28%
15% July
5% July 12
Jan
4,400
29
.
*143/8 July 17
Jan
Nov
11 3/4
30
6 5/8
25%
10%
25
11%
29
28%
39% July
Jan
15% Jan
29% Aug 23
"i%
16%
11% :
29%
6 %
19
Sep
13
Stewart-Warner
30%
28%
24% July
233/4 Nov
11
Sterling Drug Inc
24
*19
Nov
22 3% Aug
6% Jan
aoo
1,800
"
'
153/4
20
preferred—.———100
—1
4% %
3.500
33%
33%
par
Standard Steel Spring—
16
70
22
60
65
23%
223/s Apr 24
Nov
Jan
45% May
16
70
*29
Jan : 6
141
45%
28%
Jan
Studebaker Corp
*126
28% Jan
par
May
Jan
13.800
5%
12
•
28
27%
xl3% July
37%
19 %
63%
127%
Jan
46%
19
5%
Jan
10% May
July 19
Apr
1103/4 Sep
62%
1273/i
16%
21
4% July
May 16
5
58% July 10
19%
62/4
5%-
6
Jan
Jun
44% July 12
65
'
.
Jun
2%
10%
4
18%
127%
29
7
10%
5%
Jan
14
Stone
■
Oct
173%
Sep
27,500
*126
57
12
25% Apr
40% Jan
Standard Oil of Ohio
11%
5%
July 11
Jan
503/4 Sep
Standard Oil of New Jersey
17%
-
Jan
25
25
Standard Oil of Indiana
10%
5%
53/4
31%
14
*16%
*126
2
55
4
14
Apr 12
Jan 27
73% May
20
34% Sep
17%
5%
6
23
16% May
Jan
Sep
155/s Oct
27
Sep
73% July
Jan
No par
25
Standard Oil of Calif—
11%
127%
76
Jan
8%
39% July 12
11
.
Jan
17% July
Jan
643/4
No par
prior preferred—
17%
60%
64
14% Mar 13
73% Aug 23
11%
*12G
78% July 19
65% Aug 23
17%
19%
3
6
3
10%
62%
9
8
17
19%
5
10
11%
61%
Sep
18% July
2% Jan
17%
18%
Dec
18%
2
335/b Feb
10%
61%
Jun
903/8
jlOZa Jan
40% Feb
*17'%.
61%
4%
Jan
14
prior preferred——No par
11%
19
Jun
Jan
Jan
2
5
May
Feb
263/a
24% July
22
25
—No
$4.25 preferred
—No
Standard Brands, Inc—
No
$4.50 preferred
^.No
Standard G & E Co $4 pref—No
17/8
*61
593%
35
100
$5 pref series A
10%
193/a
7% Sep 25
6
1003/4 Oct
3
—^
17'
60-%
7
20% Sep
—
11%
19
5
Feb
48% Jan
—
17
603/4
16%
9% Jan
——-No par
preferred——100
stk tr ctfs_,
100
11%
19%
25% May 19
72
Ohio
17
61
Mar
11% Sep
Railway
non-cum
11%
19
Feb
112
Dec
63% Jan
No par
65%
33
-
16
8
7
13
—
36 Va
33%
65
110
Jan
43
115
3
16% Feb
July
Dec
105
29
25/8 Jan
No par
1
$5.5) preferred—
No par
Spencer Kellogg & Sons..
No par
Sperry Corp (The)
—1
Spicer Mfg Co
No par
$3 conv preferred A
No pa"
Spiegel Inc_
1—
—2
Conv $4.50 preferred——No par
Square D Co
—1
5% conv preferred
—100
Squibb (E R) & Sons—
No par
36 3/s
55
33
Sep
Jan
84
Sparks Withington—
70%-
54%
64%
36%
12% Mar
107%
1093% Nov
113
16
Jan
20% Sep
108
20
;
Spear & Co
$6
33
33
5%
$7
33
10%
preferred
Mobile &
700
55
112
Feb
16
42% Feb
37% Mar 16
109
96
10
6
11%
10%
Xl08% Mar 23
28% Jan
4,600
32%
65
:
6
Greyhound Lines——5
Southeastern
33/a
.54%
33
16%
Jan
_15
South Porto Rico Sugar——No
70%
33
64%
16
105
3
62%
54%
*31%
15%
Nov
3% Jan
3%
43%
10%
63%
Sep
5
70
■'..■
541/4
1123/4
Jan
9% July
l
36% Jun 21
115
44% Oct
62%
3%
64
32%
..,
3.000
29%
'
65
153/4
*111
:
29%
29%
*112% 114%
114%.
3%
3 %
63
32%
32%
100
*112
35%
65
20
'
116
53%.
32%
59
59
*112
•
32%
10%
115
59
1.800
35
*113
35%
*58
3%
*62
62
69%
.
*111%
3%
3%
62
*57%
59
35
113
780
116
29%
29%
*57 5%
59
113
15.300
59
*112
110
34%
34% " 34.%
*113'
115
34%
115
*113
115
*57%
■
34%
34%
33%
*113
200
450
70
33%
1
6,300
.
12 %
*59
115
*57 %
600
28
•'
69 %
33%
100
31
273/4
46%
6.800
-
*71
*303/4
31
273/4
■
9
*8%
11%
69%
.
7% 7 7%
7/4
8%
*71
28
47%
60
11%
*113
*71
7%
8/t
8%
31
47%
■■;•"■
7
V
27%
27%
*46%
7
*8
*30%
31
27%
30
■'■:
*71
*30%
105%
3
7
Southern
18,400
*71
5
Jail
Sep
14%
69
■/
8
7
30
303/h
27 Va
*71
110% Jan
13/4 Mar
30% May
55%
7
47% July
114
Sep
Jan
69
8%
3% Mar
Jan
35
533/4 July 17
Jan
26%
7
27
Jan
553A
*8
433/8 Jan
10 3%
55%
8'%
Jan
153/4
263/4
7%
Jan
%
17% Aug 21
26 Vi
*8
3b2
3
333/a July 12
55/8
x7%
15
1
3
26%
8%
Jun
2% Apr
20
17
55 %
7%
36% Mar
35% July 12
Mar 17
13 % Jan
25%
l:
27% Nov
32
% Jan
23% Jan
54%
7%
50% Aug
No par
26%
"8
Jan
California Edison
55
* "
43
Natural Gas Co——7.50
26
1
11
Southern Pacific Co
54%
•:'•'■
51% Apr
Southern
26%
*69
13
Southern
54%
70
Jun
Jan
Dec
1.400
53%
*69
18%
2.500
26%
70
Jan
34,900
'
29%
*69
11%
;
54
70%
19
;
26%
J
Feb
16
29
:
23
30%
25%
54
*69
Oct
5
9% May
16
30%
25%
72
28
27% May 12
(AO) Corp—;——
B%
29
72
21%
Jan
30%
'
'
'
8,700
•
1
/.
152
25%
253/8
25%
15%"
29%
*150
152
*150
25%
25%
4%
Dec
20%
5
23,000
39%
Jan
193/4
8
9
29% Feb
123/4
4
5%
5
34% July
45
No par
preferred—
123/a
39%
30
24% July
3
14% Jan
—5
Iron
Oct.
Jan
—10
Typewriter-No par
Socony Vacuum Oil Co Inc
15
South Am Gold ft Platinum—
1
$1.20
12%
39%
Jun
11% July
Jun
5% Apr 18
26
173/4 Jan
25
18% Jan
12%
4%
25%;
12
July
17% May
17
23% Jun
123/8
39%
25%
Jan
Smith & Corona
40%
i
9
17% Jun
7
Smith
4%
152
3
28
1,300
39
*150
29
Jan
Jan
e.500
38%
38%
153
14%
8% Feb
13
13% Apr 25
28 3/4
40%
•
39% July
Jan
7
43
39
4%
Feb
Sep
423/4 Jan
283/a
Jun
7%
15
42%
Feb
153/a July
12%
8
*225/8
70
933/4
34%
-
10 5/a Feb
28%
'Feb
8
—1
Corp_
&
Jan
98
7
—No par
Skelly Oil Co—.:
Steel
:
Dec
3
Mines
Sloss-Sheffield
Nov
7%: Jan
2
44%
40
4
80
20
223/4
40
59%
99% July 15
29% Oct
28%
39
■
4%
833/4 July 20
15% July 10
8
35% Sep
Sinclair Oil
Dec
4
19
22%
40 %
76
5
Jan
Jan
24
43
39
4
Oct
101
15
Jan \t 4
1
Apr
281/4
12%
Apr
23
22%
40
/
120
7
2,2%' ■/' ,
Oct
9%
245/e Apr
43%
*273/4
88%
Jan:
July
_No par
41
28 %
Jan
5%
113/8 July
—
Simonds Saw ft Steel
22 3%
223/4
4%
38%
133/4
36'%
41%
40
*150
13%
*15/4
28
4%
40
13%
15%
40%
V
13%
36%
*22%
12%
293%
36%
23
12%
*28 3/4
200
:
*15%
40
*28
343/a
29%
15%
39%
12%
12%
343/8
*28%
36%
*22%
28 %
*28
3%
34%
13%
22%
40
4
*33/4
3%
34%
■
30
13%
40%
*22%
4
24
24
24
233/a
34
*28%
29
13%
23%
34
"
.
29%
*28
v
23%
23%
34%
4
*3%
34%
23%
V«
73%
Oct
18% July
No par
A—No par
—
6
12% July 31
39
(Frank G)
Shattuck
1013/4
3
Simmons Co
15%
Jan
3
Silver King Coalition
15%
106
3
Jan
95%
Jan
1,900
15%
,3
Apr
20% July
14
5
May
1.200
15%
Jan
10%
5
13
No par
—No par
pref ser
Jan
Oct
Dec
36
5
Corp
$3.50 conv
4%
21% July
103% Oct
Jun
32%
No par
preferred
conv
743%
Jan
1,800
15%
"'15%
23
$5
Jan
Jan
-No par
Sharpe & Dohme
42%
5%
——;
Sharon Steel
I
May
,
25%
100
_No par
No par
—No par
—:
Co
Inc
93
15% July 10
No par
Sheaffer (W A) Pen Co——No par
Shell Union Oil
15
15%
23%
Seagrave Corp
Jan
35% July 10
new—3%
—
69%
Aug 17
18
:,
8% Jan
10
100
100
Seaboard Oil Co of Del
Sears Roebuck &
16%
*73%
400
6%
75
16 Vb
75
12%
12%
12%
78
*76
76
76
76
12%
1,800
22
21%
*6/4
99%
~20
193/b
16
10
No par
—100
—5
Savage Arms Corp
preferred
$4 preferred
993/4 Aug
100
Jun
85% Apr
J
Safeway Stores
5% preferred
preferred
20
Jan
4
Joseph Lead—
Louis-San Francisco
non-cum preferred—;
$4.50
Jan
//
6
63.
{
No par
Scott Paper Co_.
Jan
14%
12
6
Oct
23
21% Aug 18
24
9
84
No pat
(The)—
Corp.
17% July 11
5
19
6 3/4 Jan
III
Distillers
5
Feb
Dec
86% July
13% Sep
,
3
6%
Schenley
70
1
Typewriter
5%%
500
116
109
*113%
114
109
*75
18.500
423/a
34%"
33%
*
12%
3.400
•■
108%
42%
180
'
343/4
*112%
15%
2.000
53%
114%
8%
114
*73%
'■<:
'
•
*113%
8%
*112%
107
:.v
53 %
/•
8%
8%
1
1 %
3
Mar
3
Jun
Nov
-10
$2.50 conv preferred.
1,000
Jan
133
Jan
Rustless Iron & Steel Corp
■;
80
20
Nov
6%
28
Co_—»—i.
Ruberold Co
Jan
87
.——No par
No par
Antelope Copper Mines-
Roan
66%
8% Apr
Company
Royal
July 29
16,
Apr
993/4 Jun
,
Richfield Oil Corp
Ritter
7
7
.100
—
—
Jan
70% Jan
..
Mfg
Jan
9
:
Common
Jan
3%
14% Apr
.100
5 % % preferred——
Reynolds' Metals Co.:—
i-No par
.100
5 % % conv preferred
1
Reynolds Spring——
-10
Reynolds (R J) .Tob class B
■v
30
223/4
X83% Mar
par
Rheem
35
12% July 20
18
par
—No
22% May
Jan
313/4 Aug 31
lls/8 Feb
*
preferred—.—— 100
1%
32
Jan
7
50% Jan
.100
•6% conv prior
3.600
'
'
%
No
Jan
143%
263%
3
90
r_l
Inc
preferred
/
pfd ser A
6%. conv
Aug
26%
8
5% Jan
RR—— .100
Revere Copper & Brass
Jun
27% Jan
1
Saratoga
Motors,
%
34%
34%
34
&
Jun
15%
20% Mar 21
13
;
-25
warrants
Dec
29s/8
Jan
33% July 24
3
32% Jan
par
-10
-
with
Republic Steel Corp
800
'33%
113%
53
113
*113% 114%
%
1%
l
; i
1%
53
%
/:.
Reo
100
1.200
■
■■■•■
Rensselaer
30
100
22%
*32%
51 %
Preferred
2,500
"
r
*7%
.
v
2,100
93/a
223/8
,
19%
51
.
5.900
.
173/a
"*14
-
333/4.
■
N3.200-
39
:
9%
■
22%
*32%
/-
19%
19%
18%
18%
18%
18%
18%
7%
33%
'
17%
••'"
15
-
22 %
99
250
14%
33% •333/a
9 3A
«14
8%
'
22
J
"
9%
590
5.900
1
'943/4
♦38' '•■;
39
173/a
V
■
14%/
*7%
*21%
8%
22
9%:
9%
*14/ /-14%
/
•
(
So
101%
383/4 Jun
2
15% Jan
100
—
Jan
Jan
18
1st pfd
& Co
Remington-Rand
190
'.
1 §Vs
94 %
333/a
17%
(Robt)
Oct
Jun
54%
33% July 10
3
.100
Reliance Mfg Co
'
82
Hosiery-.,
71%
10%
II/4
3
12% Feb
Feb
123/a Hay
Jan
21
28% Jan
28
Jan
Jan
3%
July 10
par
.,-1
..25
Reliable Stores Corp
40
•9.700
12
14%
■
Rels
'1,200
100%
15%
'■'
'
14%
*38
i
;
94 3/4
"
:•
33
39
,17%'
17%
-.
'
.
:
81
•
15%
14%-
.33%
33%
*38
•
17% •':
9%
:
*14
14%
*7%
22
34
39:
17%
„
81%
94%
14%--
114%
-
33% '<
33%
*38
39
;
17%
•8%
* 33 %
14%
103%
101
99%
ll3/4
15
26,000
193/4
*99%
81%
•
15 VB
1
-933/4 -,94%
93%
33% •33%
21%
>
21%
93%
'■:■ i4%
•
14%
*38
14%
■*14
•
•14%
9%
9%
>
94
93%
14%
154
^
2.200
14
•
103%
''
101
100
81%
4 80
'
14%
■
-
330
12
11%
"99
99%
95%
Silk
4%
59
85% Jan 27
No
—
Preferred
700
19%
:
.
4.100
^
95%
;
103% io3V2
.-*99 •" 100
99
21%
133/8
19%~ .19%
i.eoo
99%
14
*1334
■
\ 103
■
199
f
11%
11%"
11%
•
13%
13%
19% /. 193/4
103
'i
89
-
95%
13%..'.
■
*100%
<
/■'
99
95
500
17 \
.23
21%
-
'
99
<
66
223/a
:
99%
19% J-
13%
19%
-
19%'
-
99
79
14%
.
17
.17
94% :/ 94%
*99
99%
94
99
11%
'
*14%
*8
17.
•
*16%
21%
14%
1
*98%'
99%
^
66
66%'
66
21
*100% 103
*98%
7
•"
20%
*16%
: 1.290
Real
Aug 23
.100
Raybestos Manhattan
Rayonler Inc
$2 preferred ____—
10
July 12
77
7% Apr 24
900
V
12
5
1
Radio-Kelth-Orp" *um
6% conv preferred
—5
—
•
13
10% July 10
1073/4 Jan 17
100
ii3/4
135%
83/4 Apr
69% Jan
Radio Corp of Amer
So par
$3.50 conv 1st preferred-—So par
—50
Reading Company——
,_50
4% non-cum 1st preferred
4% non-cum 2nd preferred- —50
100
11%
"
138
*132%
•
900
5,600
'
.•/»•'
*132%
113%
11%
17
'
'
32
20% >.
94%
94%
94%
-
37
*303/a
17
99%
\
94 '/2
'
*35%
'/
'
2C%
*99
■
37
-32
66%
65 %
•
1.480
17%
*303/s
20%
•
36.900
17Vb
*35%
138
*132%
400
■
32%
17%
17% ,/
21
.17
2,100
17
32%
17
32 3/8
17%
17 '
17
20
-1.600
16 %
11%
11%'
1
135
32%
32%
21
16 %
'*19%
•'
:■}
*132
65%'
•61%
62
> 61
131%
131%
135
*130 %
*32%
36%
*30
11%
11%
•
'
91%
9%
91%
17
/
36%
*36
f
9
33
76%
30%
16%
':30%
*76%
17%
.
32%
17%
32
'
•
32%
163/s
'
22%
17
37
*36%
■*30%
.
>
7/,
May
32% July
33
July
12%
Jun
27%
Nov
35%
Apr
'
35% July
8% May
THE COMMERCIAL &
1542
LOW
Oct. 2
Sept. 30
f per
I per
share
8%
45%
45 3a
11%
111/4
45%
45
;
6
6
:
.
6
34%
*814
109%
8%
8%
%
9
*47%
48
'
46
4
4'/4
'29
30
*29
14%
105%
4%
41/4
31%,
48%
47%
4%
600
4% !
14%
15
105%
106
••
106
105%
31%
49
49%
49
9%
9%
9%
31%
31%
49%
31%
31%
49%
9%
32%
800
49%
9%
3.200
9%
9%
9%
23%
23%
23%
23%
23%
23%
23%
23%
24%
23%
24
15%
15%
16%
*16%
16%
*16%
16%
16%
16%
16%
4%
4%
4%
4%
4%
4%
4%
9%
9%
23%
15%
4-%
-
Timken
'
96
96
96
96
96
95%
>
*10 V4
10%
10%
10%
10%
10%
10%
IO1/4
18%
18%
18V4
18%
18%
18%
18%
95%
95%
96
10%
10%
10%
10%
18%
'
18%
18%
4.400
25
25%
11,300
32%
31%
321/4
3.300
*1.05%
105%
*105%
105%
*105%
105%
*105%
8%
8%
87a
*8%
8%
*105%
8%
107%
8%
*105%
8%
105%
81/2
800
106
280
7%
"1.600
Twin
105 %
13%
13%
13%
13%
13%
13%
13%
13%
106
105%
106
106
106
13%
3% Feb
4
Jan
4
85
:
8% Jan
—
-No Par
Dec
Mar
263/a
Jan
Jun
9%
Jan
153% July
94%
Jan
10372 May
23%
Dec
343% Mar
Jan
50
6%
Jan
15%
Jan
107b May
253/0 July
Jan
167s
18% July
IIV4
5
V/a
5% July 10
Sep
11
Mar 25
•Jan
6%
33% Jun
13
25
Jan
99
May
93% May
Jan
106% Aug 21
Apr
90
Jan
1278
July
43% May
Jan
69
5
26% July 10
Nov
20 % Jun
4
Jan;
100
par
5% Jan
68% Jan
4
1
8% Jan
6
51 % Jan
9
5
—100
preferred—
10
Co.—1
Coach
July
3
26
'
Fox Film Corp..
Twin City
15
34%
40%
99
1
Sep
May
63% May
Aug 17
25
3
.No
25%
31%
106
25
5
Rapid Transit—
24%
13
17% Apr
12% Jan
■
>
18
22
52% Aug
10% Jun
*3
24%
31%
106
24
13
28% Jan
24%
31%
13
43% Apr
8% Jan
par
24%
31%
106%
3
.No
24%
31%
*12%
Jan
$1.50 preferred
——
$4.50 prior pfd———
25
31%
106%
3
25
16
Aug 14
17
July 7
108% Aug 29
32% Oct ' 6
6
3
Jan
8% Jan
33
17
24%
8%
Feb
21% Feb
31%
107
Jan
15% Mar
24%
105 7a
Feb
1%
par
Rayon Corp.—
Cen
31%
•
26%
par
1
20th
24%
8%
6
5% Aug 14
4
.No
Truax-Traer
Tubize
*31%
*8%'
8
47% Oct
13
'
.No
Corp
,13% Mar
lp
3
Oct
49
Jan
13
Jan
-
.
18% Mar
..
preferred——— -No par
$6
540
7
33%
July 13
6% July 8
Oct
Dec
July
95/a
.V Jan
19
100% Jan
Tri-Contihental Corp_
800
18%
*95%
.
July
95
Jan
4
54
11
2
Williams St'I— .No par
Transue &
1.000
15.600
5
18%
;
96
.4.200
4%
5
5
-i
52
114
July:
8
Jan
11% Jun
Roller Bearing—^:_No par
;.
2
Transcont'l & West Air Inc
Aug
4
9% Jun 29
2%
32% Jah
Transamerica Corp
16%
4%
:
35
Jan
43
10
Axle——
5
July 12
9% July 37
4% Jan
-10
4.100
9.300
8%
58
19
Transit Corp. -No par
Avenue
24% July
31
Apr
Detroit
49%
9%
Jan
7
Timken
32%
49%
9%
32 %
92
1
—
divjconv preferred—u
5
37% July 14
6% July
19% Mar 16
.100
—.
,
—
6.100
15%
15%
'
•
'
95%
1,200
29%
29 %
28%
28%
14%
>.-
Co
par
25
(J R)————
Thompson Products _—— .No par
Thompson-StarrCtt Col— .No par
83.50 Cum preferred—— -N(, par
v-10
Tide Water Associated Oil
$4.50 conv preferred——; .No par
y> 900
4%
.No
:
Thompson
100
471%
106%
14%
*106
31%
31%
49
4%
S3
Third
3.900
6%
12
47
47
29
29
14%
67a
Thermoicl
120
*11%
.Na
.
Preferred
270
12
*11%
conv
-10
...
Co—;•—
The Fair
7,200
48
48
6%
6%
12
9%
9%
9%
9%
48
48
46%
106%
■
Pacific Coal & Oil
S3.60
%•<"■ 50
1,000:
111
111
111
9
56%
9%: ;
9%
*9
.
*55
56%'
'111
■>'
6%
49%
31%
49
9%
46%
14%
5378
Thatcher Mfg Co
*11%
105%
14%
106
105%
14
Jan
3.800
48
29%
*28%
29
,
14%
14%
103
Jan
6
20%
*47%
4%
6%
4
20i%
46
4%
4%
*4%
13
5% Jan
20%
12
46
12% Jan
50% Feb
20
112
6
par
preferred—r. No par
22%
*55%
9
•,
287a July
.100
8%
6%
6%
*11%
46
*45
%
•■V
11%
11%
12
*45
6%
6
6%
6 Vs
*11-%
1374 July
Texas & Pacific Ry
48
48
'
48
*47%
Jan
Nov
1.100.
55%
9%
71%
16%
23%
9
8%
18
5
23%
i20-i/s
*110
111
110
110
8%
109
9%
9
9%
8%
8%
*108 "a
-
Jan
13% Oct
23
19%
•
413% July
27%' July 15
—1
55%
19%,
55%
*54
Dec
4
Texas Pacific Land Trust—
'
19%
19%
55%
6% July
33%
9
Texas
60,000
22%
22
23
23
5378
Jan
4
14,800
13 %
22 Va
13 % May
Jan
17% Jan
4,000
18%
11*4
Jan
3%
19
34%
13
12%
8%
41%
12% July
5
50% Jan 10
8 % Feb
34%'
18%
13%
17%
12%
16%
12%
22%
Apr
141/4'Feb
34%
17
16%
12%
45
■par
Texas Gulf Sulphur——
34%
17%
34%
16%
12'/4
.
4% Jan
Jan
32% Apr
.
(The)——
13 %
34%
16%
11%
19
19
574 Mar
34%
34%
15%
*54
12
Jan
5%
28
Texas Gulf Producing—.
34
19%
Jan
3
4% Feb
3,000
12
54
35
par
Texas Co
34%
23%
19
22
8% Sep
15
6.200
6
8% Jun
49% Sep
10% Mar 29
600
46 Va
6
5
3
44% Sep
11%
46
6
Jun
Jan
Jan
-25
11%
6
83/4
7
—5
Corp——
11%
45%
6
Highest
$ per share
42
—5
11%
16
54
Tennessee
S per share
$ per share
share
-50
Telautograph Corp
7.800
7%
7%
per
—8
(James)
partic preferred
45%
15%
19
'■
.,
51/2%
20
Hi/4
:
34%
*23
7%
7%
Talcott Inc
300
8%
50
*49
49
49
,
Par
451/4
11 »/4
45
6
6
6
6
11%
45%
45%
Shares
*8%
8%
8%
,
7%
7%
7%
,7%
7%
7.
*11
11%
8%
50
*49
$ per share
share
Lowest
Highest
Lowest
EXCHANGE
the Week
Year 1943
Range since January 1
STOCK
NEW YORK
for
Oct. (i
Oct. 5
$ per
Sales
Friday
Thursday
$ per shg.re
49%
*49
49%
Range for Previous
STOCKS
PRICES
Wednesday
Oct. 4
8
*49
6%
6%
*11
HIGH SALE
S per share
share
8
49%
*49
AND
Tuesday
Oct. 3
Monday
Saturday
Monday, October 9, 1944
FINANCIAL CHRONICLE
Sep
4%
12
July
347a July
Oct
101
Jan
6%
93%
jun
-Jan
67
108% Sep 12
14% Aug 21
243%
>77%
Jun
Jan
113%
Jun
U
61%
61 %
*60%
62%
60%
60%
60%
60%
60%
60%
*60%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
78%
79
78%
79%
79"
,
791/4
79%
79i%
*117
118
*117
118
*117
118
*117
118
*112%
113
113
113
*11.2%
1.1.3
*112%
113
'
18%
18%
107%
107%
18%
19
18%
1081%
18%
18%
118
112%
19
*117
112%
*117
18%
80
*112%
108%
108%
108%
109
109i%
109
99%
99%
99%
99%
99%
100
100%
100%
27%
28
28i%
28Va
28%
28!%
28%
28%
31%
32
.
22%
118%
II8V2
*116
118%
22%
31%
32%
32
*116%
*109%
110
*109%
110
31%
32%
31%
31%
31 %
*100%
*21%
21%:
2?%
*64
64%
*26
27%
*26i%
1%
120
*118
21%
21%
31%
*21%
64
6i
27%
*26
29
:
*26
120
22
>> 400
■
-
641/2
29
*26
1.
!%"
1%
1%
1%
1%
1% -17a
',">■
36 y8
371%
33%
37
36%
37
36%
37%
36%
15%
-15%
15%
15%
15%
15%
15%
15%
15%
16
15%
*105%
107%
*1051%
107V2
*105%
107%
*105%
107%
*105%
37
36%
:
>■'
10
105%
108%
,
8,000
16
11,500
*9%
10
9%
10%
10
67
68
67%
68
68
68%
69%
70%
70
70
10%
11
10%
10%
10%
"10%
10%
11
10%
11
31
31
31
311/4
31%
31%
31%
31%
89%
90%
13%
13%
30%
30%:
9%
10
10%
,
.
89%
89%
89Va
89%
89%
89%
89%
90
14
14
13%
14
13%
13%
13%
13%
'
*103%
104%
6%
*6%
*79
179%
8%
28%
>
'
9%
9%
47
42%
42%
*1%
2%
1%
39
112%
*1113/4
112 %
*111%
sgsj
8%
43%
1%
43%
-
2
49%
50%
*141%
142%
55%
*54%
55%
75 *
75
*73
76%
129%
8%
8%
9%
*9%:
59%
58%
^ 129%
25%
58%
130%
59i/4
130%
130
3%
4%
48
43%
1%
49%
43%
2
*1%
50%
50%
142
142
55%'
551/4
*142 "
5%
*4%
58%
3%
5%
*3%
3%
99%
16%
16%
5
5%
5%
79%
'
-7
38
38
*78
*171
5
78%,
173
173
26
47%
16%
38
173
2
50%
51%
144
1431%
74%
130%
130%
130
140
...
80
1,200
180
20
2.100
14%
;
/
111%
10
U S
8%
2,400
44%
73%
60%
78%
131 %
130%
,
*25%
*461/4
5%
*98%
101%
78i%
173
'
*4%.
5%
*36%
78%
173.
100
101%
16%
16%
*4%
5
*36
38
78%
78%
5
400
38
40
78i%
90
8 %
xl9%
20%
19%
20%
,2.100
Vanadium
*11%
11%
11%
11%
*11%
11%
T.000
Van
11%
49%
49%
50%
1,200
49%
117
*48%
49%
*116%
117
49
*116%
13
13%
13%
47%
47%
471/4
47%
*116%
13%
13%
13%
12 %
*46
47%
47
47
*46%
47%
471%
48
*74
75%
*74
75%
*74
75%
75%
75%
*77
78%
*77
78%
*77
78%
78%
78%
*23%
24%
a23%
23%
a23%
23%
*23%
23%
23%
23%
*3%
4%
*3%
4%
3%
3%
4 Va
4%
4%
13%
13%
53%
*53%
118%
1181/2
43%
43%
44%
43%
*42%
*35%
43
35%
*35%
35%
'
35%
*123
135
*123
135
*120
43
43
35%
135
54
117%
*42
*42%
*35
*123%
.
*75
*78
77
"78%
56 Va
56
56%
117%
*117
118%
44%
*42
44%
43
35%
135
*42%
35%
*1231/4
44
35%
135
*75
*79
23%
4
56
*117%
*42
*42%
35%
*123%
900
.
77
40
82%
10
700
23%
2.500
4
6.600
56
.
44%
45
-
35%'
.
Jan
19
16% -Jan
3
5
7%
Jan
15%
Sep
6
9474
Dec
96
Dec
11% Aug 30
78% Aug 30
2%
Jan
9
Jan
66
July
105% July
>39% May
3
Jan
1374 May
84 »/2
Jan
997a
21% Feb
17
9%
Jan
19
Jun
27
59
Jan
7574
Oct
Mar 13
168
Apr
88
180
14% Sep
49% Sep
8% Oct
10
July
37% Jun
3
47
3
44% Oct
6
2
2% Jan
7
Jan
13
51% Sep
'
22
69
< May 25
50%. Apr 19
Xll9% Jan
22'
27
May 18
44% Apr 26
28
76
'
14% Jan
4
3% Jan
4
31
Jan
4
68
Apr
27
162
-
Mar 20
10%
Oct
Jun
44%
Nov
Jan
Jan
137a
NOV
9%
29%
Jan
Jan
2& 1/4. Jan
,Jan
61% July 13
46
64%
,v,
5% Sep
173
Sep
<Sep
23% July
Nov
29
Jan
Jan
3/4
Jvn
25
Dec
20% July
27a Niv
674 July
307a
Jan
153/a
5
3
Jan
,14%
M«r
115
49% July 24
407a
63% Jan
15
11
80% July 27
85% July 21
51
Feb
57
21% Jan
7
25% Aug
3% Sep
14
7
62% July
Victor
El
,
No par
Chemical
100
—100"
div" partic preferred
&
Iron
Pow
$5
pref—
Coal & Coke 5%
Virginian Ry Co
6%
—5
Chemical Works
Va-Carolina
6%
100
!:
preferred——100
-
preferred
Vulcan Detinnlng
Preferred
—
pfd
Co
100
70
50
Sep
113% Jun
14
*
12
12
53%
*511/2
53
117s
12
*11%
12
52%
12
53
12
543/i
117a
54%
117a
297a
29%
297a
29%
29%
29%
297a
29 78
297a
297a
*104 74
10472
*10474
10472
*10474
104 72
*104 74
104%
*10474
10472
5774
607a
59
59%
1874
181/2
18%
87a
9%
57%.
*54%
55%
55%
551%
55%
5% Mar 24
120
>
Dec
65
Aug
Feb
677a May
..
63/a July
687a July
45"
Aug 23
17
52
Mar
7
207a
Jan
Jun
21
43
Oct
3
27
Jan
33
Apr
19
36% Aug 23
Jan
4
149
Feb
14
40
Jan
3
59% Mar 13
10% Jan 19
12% July 10
121% Sep
155
July
*18%
18%
*18%
18%
*18%
18%
*18%
8%
87s
8%
834
8%
*8%
For
8
34
footnotes
see
page
i
1543.
=
9
*187a
1874
1.800
8%
97a
7.700
Walwortljr Co
60
307t
1,200
1047a
4%%
RR
System-
No par
26.1/s Apr
*
1
301/4 Oct
2974 Jan
104 % Sep
19
108
Feb
4
61
17% Jan
12
7%4 Jan
3
48
Oct
Sep
80
Jan
110
6
113
Jan
1
150
July 31
Oct
Oct
40
353%
5
6
6
Feb
Jan
37
102
263/8
Jan
38% Feb
100
6.800
30
*104 74
1,200
Wabash
Waldorf
Oct
Jan
274
39
5
100
61
117a
1.700
57'%
117a
Oct
Oct
207a Nov
1
25
.'—25
preferred—100
No par
Walgreen Co—
No par
,4% % preferred
100
Walker (Hiram) G & W
No par
Div redeem preferred
1
No par
55
Feb
377a
447a
w
53
531/4
*52
12%
120
Aug 30
41% Jan 25
Vicks Shreve & Pac Ry
non-cum
25 3/8 July
Jau
257a
Vick Chemical Co
5%
Jau
87a
5
12
757a July
165% Nov i
13% July 11
Jun
:
Jan
150
27
4174 July
Nov
597*
3
26
119%
Oct
13%
52
preferred—.
33% July
3
Oct
88
,_5
1st
Apr
50% Aug
Jan
4
Sep
July
56
July;. 5
80
Nov
593% July
125
1%
July 25
18% July 5
39% July
74
Jan
4
Jan
May
42 7a
100 /
6
Sep
Dec
62
207a
27% Aug 30
48% Feb 23
4% Jun 29
Jun
130 1
47% Jan
112
8
9% Jan
37
4674
.
Jan
77% Aug 21
63% July 10
July
/>'■ 37a May
Jan
17% Jan
—.5
42
447a
V 32
1
Jun
377s May
2.97a Jan
Jan
...
101
135% July
Oct
87a July
6
Oct
Apr
Nov
87a
54% July 14
144
Apr
114
Jan
No par
Co Inc
7%
197a
>
Jan
——2.50
Co—
x42% July
43%
20
July 20
1817a
Jan
108
6
27
19
Dec
4
6
6
35% Apr
Dec
July
393/4
15
5
40% Jan
Apr
30
25
29% Oct
Jan
578
43% July 31
30% Apr
>
43/4
19
8% Jan 25
Feb
Dec
57s
5
21
% Sep
40
100
12% July
106% Sep
9
130',
Jun
Apr
3%
24
Feb
97b
35
21
Sep
1
Jan
7% Sep
113
5% /ipr
■
105% Aug 17
Feb' .10
110
38%
5
116% Sep
6
12% M^y.15
Va
300
7
'
-100
Vertientes-Camaguey Sugar Co_6%
Va
135
Jan
par
—
'
90
100
4
—No par
———u
100
———No
Corp of Am
Van Raalte
80
118%
*149
*149
*149
*149
*149
*149
54%
1181/2
43
43
*42%
43
4
*117%
54
54%
118%
*53%
118
13
'2.800
10
42
-^——10
20
c%ss A
Leaf Tob
Norman
1%
117
117
13
13
.'/
20
Jan
-
34% Apr 24
No par
preferred-.
20%
20
3
Mar 28
8% Jan
170
—
Preferred
'
Universal
30
*171%
*171%
,
4
70
1
preferred-—--—25
10
14% Jan
pur
Universal-Cyclops Steel Corp——1
Universal' Laboratories Inc----—1
400
16%
7% Feb
±No par
Min——-—50
50:"
—No par
9
97V2 Jan
5
——50
.———No
3
Feb
4
conv/preferred--!—-_No par
$6
200
100
11%
49%
Dec
98% Jan
100
—^__.10
4
19%
*116%
99
——
19
18
11%
49%
Dec
2.9
Jan
19%
117
29%
13% Sep
28V2 Jan
Co.__13'/2
1
12
2% Apr
11%
49 %
*116%
Jan
75 % Jan
—5
19%
49%
167a
—„
United Stores
19%
117
8
26% May
Stovvkyards Corp—U——1
United
:• 6.700
11%
49%
Sep
15% Jun
>
2% Jan
11%
116 %
767a
non-cum
*19%
*
601/4 Mar
:
•'
78%
i: 1%
900
4
5
38
5
—100
U. S Tobacco Co———No par
'.
Sep
90% Oct
Preferred. -^—
.
Jun
353%
5
Co___
> Preferred
Jan
Jan
U S Steel Corp
700
47%
3%
.
4.100
:
26
47%
400
.43.400
131%
26
3%
*4%
173
60%
/
17%
Jun
>".,2% May
Nov
> U S Smelting Ref &
1,700
56%
73%
59%
300
\
Jan
5%
J, U S Rubber Co—
10
8%. non-cum. 1st,preferred——100
>6.300
51%
144
Si
1% July
2374
JU S Realty ;& Impt
1.000
2
1
26
Jun
697a
x26
11% July
8
—5
% U S Playing Card Co———-10
US Plywood Corp—i
—u.———1
100
Jan
114
33% July 14
V U S Pipe <fc Foundry—
;, 800
,
Jan 21
187a
22'% May
Jan
37% Sep 22
17% July 5
;
Jan
55%
6
-Preferred;
1.100
9%
36%
.48
3
6 :<
preferred——'——_100
Lines
3
109%
Jun
19
Co
Leather
Prior
i
Jan
1% Jan
13
70% July 11
Jan
Partic &'Conv cl A
7.700
Aug 25
23
114
5
Jun
333/a July
45% Apr
Hoffman Mach Corp_.
U S
.;
4
May
22
preferred
U S Industrial Chemicals-^—No par
>! 3.900,
8,200
8%
29%
56%
r'
61
—100
Cos—,
5V2%: conv
200
39%
5
*36%
Jan
110
par
110% Sep
Mar 23
20 % May
par
preferred--—————100
7%
U S
50
5
5
16
114%
Jan
No par
——No par
Freight Co_i
—No par
Gypsum Co——
20
U 8
3%
38
Jan
17%
1st preferred
$6
U S
5
*99
9372
341/2 Aug 21
120% Aug 18
U S & Foreign Secur
..
2.600
3%
*16%
20
18
19
5
Faperboard—
United
40
>
15%
3%
16
24
22% Apr
102% Jan
May
/4
preferred
5%
//
4.300
11%
106
5
16
100% Feb
United Engineering & Fdy
,
1,000
.
7
••
*46
40
1
—
•
55%
59%
26
99%
■
79%
*78
: 44
....
2
74%
59%
*46,
*16
38
*171
*47
43%
55%
.
76
*73
*25%
*98%
16%
*36%
36%
37
*47
47%
*46
5%
99%
,
100
*15%
*9%
9%
37
48
26
26
47%
5
3%
4%
*98%
26
26
*46
3%
8%
8%
37
43-
287a Mar
Nov
—_5
United Fruit Co—„———No pur
.
■
47%
25%
111%
112
*47
"
*46
8%
28%
8%
37
>•'
55
58%'
129%
*9%
9%
50
75
58
8Va
37
54%
54%
*73%
*39
28%
*47
50%
*491/4
39
8%
28%
*36%
141
141
141
14%
14%
8%
;
2
50%
50%
49%
*140
39
*177%
50
28%
4^4
42%
*47
*49%
Jan
'
8%
37
37
47
*38%
14%
50
24%
X24%
United Merch & Mfrs Inc—
80
80
179%
28%
8%
9%
9%
36%
*36
*49%
39%
*79%
179%
,
14%
14
14%
179%
Oct
32% Oct
1
Feb
United
1,000
•.
Oct
Jan
29
6
Feb
26
951/4 Jan
Preferred —
Electric/Coal
.
97
797n
6
92 %
-—-—-No pur
preferred
Dyewood Corp
United Gas Improvement
*15%
16 %
8%
8%
81%
8%
8%
179%
50
15%
80
80
80
16%
101% Oct
Oct
18
4,300
106
.
22% July
102% July
19
2,900
11%
11%
Jan
12% Apr
13%
7
106
1147a
Jan
801/4
Jun
4,900 %
31%
105
11%
Jan
15%
111% July
31% Apr
89%
7
*105%
105%
3
25% Jun
—100
No
89%
38
*111%
111%
*111%
112
*111%
161/8
,
105
11%
No
-
37%
37%
% 105
,
*6%
106
;/:'
470
5.800
Peb
Apr
93% Jan
100
13%.
■
37%
6%
28%
8
'
28
27%
161/4
*31%
.1.
'
*104%
105
28%
8
8
8%
27%
*38%
39%
*38%
39
39
14%
*49%
50
*49
50
79%
*105%
*177% 179%
14%
14%
14%
14%
*49
105%
16%
179%
*176
11%
11
11
105
79%
79%
79%
*176
6%
16%
15%
15%
15%
104%
6%
105%
*105
105%
37%
37
104%
6%
■■■■
11
10%
10%
10%
*105
7''
,
37
*104%
104%
*104%
6%
37
38%.
37%.
38
3772
1,500
10
68
$4.75
6
xll8
Co———-——5
Drug
United
26
Jan
20% July
Corporation-
United
700
105%
10%
10%
$3
37
10
9%
*66%
18.700
1%
1%
113
July
5
No par
.—-No par
preferred———,
No par
United
86% May
14
Dnited-Carr Fast Corp—
29
"
113%
Dec
5
,
Carbon Co
Jan
—10
u
preferred—--.
conv-.
Sep
114% Sep
19
Jan
8
-100
Inc_
preferred
United
Feb
117
59
42
x76%
26
17% Sep
—100
Biscuit Co
5%
:
700
66%
*64
Air, Lines
United
,
113
Jun
66
14
Sep 25
82% Jun 20
7
7
Sep
109% Feb
v
.—No par
preferred———
conv
4%%
300
22
5%
United
..
.
*110
64%
'
8,700
76
..100
Aircraft Corp—..
United
V;
300
1
par
25
.
preferred
non-cum
Union Tank Car-
16.100
32%
32%
*118
22
4%
5
2.300
110
110
32
*110
64%
2.200
29
31%
»'
32%
119
*118
21%
*110
110
101%
19%
-•
28%
"»
31%
31%
*109%
321/4
*26
4
28
•
1% I
.
31%
118%
31%
110
110
32%
*64
64%
64%
1%
311/4
31%
110
*110
*110
*110
28%
110
101
100%
27%
Preferred $4.50 series——-No
;
140
■>■
113
110
109%
*99%
pfd—JVo par
Union El Co of Mo $5
118
5.100 > Union Oil of California—.
: Union Pacific RR Co—
2,500
19
19%
■
6,400
9% Feb
Bag & Paper—
No par
Carbide & Carb——No par
Union
Union
80
80
79%
4,600
13%
No par
Under Elliott Fisher Co—
700
60%.
Aug
Nov
2472
Jan
407a
77a
Jan
113% May
20%
Jan
287a July
'
103
Feb
109
547a
Dec
Jun
Oct
18% May
93A
Jun
Volume
LOW
£ per
share
Oct. I
£
y per share
10
9%
97/a
Oct. 6
Oct. 5
*9%
10
*9%
•
1%
1%
1%
1%
1%
*1%
1%
*1%
1%
54%
*53 Va
54%
*52%
54%
*53%
54%
54%
54%
12 'A
12%
12%
12%
12%
12%
12%
13%
13%
13%
*29%
30%
*29%
*24'/a
25
*18'/a
19
*1%
*53
*29
29%
30
Va
9%
9%
9%
24
*23 Va
18%
24
93
93
106%
106%
106%
*93%
93%
93%
%
117%
117%
24%
23%
:
10%
23%
80%
700
Wayne Pump Co——
*80'%
81%
24%
$4
loo
24%
*93%
95'%
.
107'
24%-
93%
93%
96%
96%
■96%
118%
117%
118
118
23%
24
24
97%
97%
DB-
Indies Sugar
25
25
Jan
6% Jan
Jan
7%
Highest
i
per
share
13
May
2% Mar
56
July
Jan
15% July
Dec
32%
22
Apr
15'%
Jan
23 Va
Sep
6
12%
Jan
20%
30% July 11
17%
Jan
26
Dec
July
2'/a
Aug 23
3
10% July
6
18% Feb
9
25% May 31
Jan
3
95% Aug 17
107% Sep 14
.96% Feb 16
5
Apr
1
16 'A Jan
4
Feb
1
26% July
79% Nov
8%
Jan
20'A
Dec
Jan
85
Aug
67%
Jan
99
5
57
Jan
18
118% Sep
113% Apr
8Va July
Jan
Jan
50 %
109
Jan
Oct
98
3
Jan
17%
69
5
19
25% Jun
83
Jan
,85% Jan
Jan
26
27
19% July
6
83
par
preferred——j.
,——100
West Penn.Power 4%% pfd——100
YA,:/. 210
July 10
33% Jun
77
6%
180
May 18
15
14
•.
1
Corp.,.
62
24
'■22% Jan 26
——.——100
preferred.
1%
250
98
*117'%: 118
llS
'
:r
par
West Penn Electric class A_.No
90
107'%
107
107%
107
6.500
:
27
23
Jan
%
Jan
15'A Apr 25
No par
4%
Aug 21
22 Va Apr
—No par
preferred—
conv
West
"
24 %
,
,Jo
Wesson Oil & Snowdrift
1,200
y
Eisenlohri/i
Webster
22.400
23%
2 Va
22% Feb
—1
—
£ per share
11% Mar 31
11% Apr
Co..L—__—,—5
Waukesha Motor
1.600
10
10
*23'A
80%
*80%
24%
95
*106
107
118%
117%
10
23%
*93
19%
30
30
10%
24
94
95 Va
94%/
29%
1.000
30%
*19 '/a
19%
*19
.
23 %
80%
24%
106%
106%
25
9%
81%
24
93
V
24%
23 %
-•
9%
23%
*80Va
24%
93%
25 %
45
——3
Warren Fdy & Pipe——.—No par
Washington Gas Lt Co——No par
400
9
50
——
Share
1% Feb
Pictures.-—
Bros
Warner
38,900
:
30%
29%
23%
81%
24%
93%
30
19
29%
9%
24%
*117
18%
29%
10
23%
*80 Va
81%
*79%
v
23%
.
18%
29%
18%
29%
18%
25
30%
30%
25
30%
*24%
30%
24%
24%
25
25
30'%
*30
31
13%
preferred.
$7
100
54%
B_
Class
£ per share
27
8
Year 1943
Lowest
Highest
Jan
No par
—No par
cl A
Ward Baking Co
800
1%
1%
13%
£ per
Par
600
Lowest
f
Shares
10
*54
EXCHANGE
the Week
£ per share
share
per
Range for Previous
Range since January 1
STOCK
NEW YORK
for
Sales
Friday
Thursday
Wednesday
*9%
9%
1543
STOCKS
SALE PRICES
£ per share
share
9%
9%
9%
HIGH
Oct. 3
Oct. 2
Sept. 30
£ per
AND
Tuesday
Blonday
Saturday
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4323
160
;
Oct
87% Oct
119
Jun
'
*24
24
108
34
34
4-%
*11 Va
46%
'45%
45%
45%
45%
46
27%
28 %
107%
105%
*105%
*63
66
103
28%
77%
25 'A
-
28
9
9 Va
8%
*84 Va
*27
28
2.700
7
28% Oct
108% Jun
127%
Mar
8
144
12.50
32
Jan
4
36
104
J
105%
142
34
30
30
109
*108
108%
105%
*105%
106
66
66
103%
30%
30%
30%
78%
78%
79%
79'%
Y,;Y
20 %
20%
20%
25 %
25%
25
8%
8%
86'%
*86'A
16%
15%
10%
10%
94
94
94 %
94
12%
12%
12%
3.2%
16 Va
:'. 15%
10 Va
10%
.10
*92%
93%
*93%,
93%
93%
93%
*125
125
125
*20%
42%
*125
*125 V
■
21
21
42%,
42%
42%
*94
42%
-)
21%
*20%
42%
43%
43'%
44
32%
32%
32%
33
34%
*71
31%
31%
317/n
31%
*70%
70%
70'%
70%
71
71
71'/a
71%
70%
70 %;
70%
70
70
71
71
83%
84
'
*70'A
80
80
81
83%
71
71
71
71
33%
33%
34
14'/a
14'A
14
:
71
•
'-71
84
*83%
83%
82%
.
;
V
Vv
71%
71%
*71%
99
Oct
Jan
24% July
66'A Jan
28
84'A July
58%
Jan
71% July
24
87
27
Jan
14
Feb
3
Jan
July
3
4
96
10% Jan
5
8
pfd.
123
100
27
2%
Jan
6% July
2 '/a
Jan
9'/a
41/4
Sep 25
Jan
9
Apr
Oct
Va
Jun
Sep
Jan
86%
Oct
9
Jan
11%
Apr
115
Jan
57 Va
July 10
14'A July 14
125
Sep 30
Dec
121
24
July
6
17%
Jan
24% July
36% Jan
3
44
Oct
6
30'/a
Jan
42'/a July
20% Jan
4
34% Oct
6
16 '/a
Jan
,19% Apr 27
10
..._
—10
Co—:
Oct
86
Jan
11% July 10
80'A Jan
10
.No par
7%
Jan
5
..No par
.
preferred—^.—.
Co
!
22% Aug
Jan
40
Aug 29
20 Va
20
Jan
x20%
30% Aug 29
9% Apr
5
Motors——1
Jan
2%
5
Jan
24
Jun
15
July 18
29% July 7
9% July
Mar
,
13'A
22
7
X64% Jan
par
...20
Co..
Woodward Iron Co.—
83%
270
72%
400'
33%
33%
900
14.'/a
14'A
Oct
47% Jan
5
73
July 14
44%
Jan
54
Jun
49
5
74
July 20
46
Jan
57% Jun
4%% series
100
Conv series—100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
-800
83%
25%
Prior pfd
Prior pfd 4%%
600
71%
*71'A
72%
Apr
Jan
18
Worthington P & M (Del)—.No par-
72
,
60
85
Woolworth
71%
Y;
52
7,500
V
Jan
32'A July 10
preferred——. — -No
(F W)
106 'A
4
77
July 17
104% Aug 25
6.800
", 'V
July 21
7
preferred———
Wisconsin El Pow Co 6%
500
21%
July
29'A May
112% Jun
3
Wilson-Jones
2,500
10'
21%
42%
70% .70%
*70
70%
$6
500
1
*125
*125
21%
42%
*21
42%
32'%
31
12%
Jun
40
22% Nov
106% July 13
7
Wilson & Co Inc
15,000
95
12%
■■Y
32%
'21%
*21
21%
■
;
;;•
12%
12%
'V:
136
Jan
110% Aug
26
Willys-Overland
18,200
16%
10%
,; 15%
10%
Jan
31
19
Jan
Oil
120
20% Feb
Feb
Wilcox
1,000
4
24
59% Feb
Feb
400
■;1
7%
10%
16%
10%
12%,
7%
16
16
10%
12%
•16%
*28'%
7%
Oct
July
97'A Jan
5
conv
100
100
18
Prior
Jan
2
.No
20
$4
Jan
81
Jun
32
—1
140
Dec
24% May
15%
19
.—100
preferred
conv
White Motor; Co—
12.700
,
.
87'%
29
28%
;
7%
9%
;
12
White Sewing Mach .Corp.— ...—1
2,400
9
13
101% May 26
par
.No par
$5 conv prior pref—
White Dental Mfg (The S S) —20
100
;
*86'A
87
28%
i:,
■-
:i
10%
16%
10%
12%
7% '
20'A
25%
25% Jan
105% Jan
Wheeling Steel Corp
320
25%
■
9%
8%
87
28%;
7%
7%
*7%
"V-
87
*28
28%
*28
7%
■
25%
5%%
6.500
*19%
20%
25%
8%
*8%
86'A
*19%
,i.
No Par
—.No par
——No par
—
preferred
Wheeling & Lake Erie Ry—
20
40
30 %
%:
$4.25
y-
78
25%
$4.50 preferred
V'YY.r:
30
16;
*12%
•V;:
68
78
28 Va
7%
.
50
29%
*20
Instrument—
Elec
90
Y
103%
103 3A
preferred
partlc
Westvaco Chlorine Prod.,
400
■
106
*66
68
Weston
109
109
*105'%
103%
*103%
1st
200
31%
31%
31%
*66
103%
*103
■
7%
7%
*30%
160
34
*33%
33%
*108
105%
142
*138
142
33%
106'%
106
105 V4: 106%
144
29%
:
24%
24
78
86 %
Nov
Feb
77
9 l/a '
.
*86 Va
87
Apr
Oct
22
20
Apr
29%
■
49%
21
:
20%
Apr
11%
Oct
X91
66
*64
25%
6 Va
Jan
50
50
78
25%,
Jan
5%
Westingliouse Air Brake—No par
29%
■
2'A
37Va
Westlnghouse El & Mig—____
105%
*20
25%
5
9.100
143
Dec
3
VV, 1.200
*32
Oct
Sep
31%
6'A July
28%
33%
16%
110
53% July 10
31'A July 10
10
27 'A
140
Jan
16'A July
Feb
22% Jan
—.No par
.....
Jan
19
7
7'/a Jan
28'A
108
78
78
20%
*197/s
Class B_—...
Jan
103
13
3
3% Jan
41
27%
.31'/a
■< 29
29
400
28%
104%
*103
1,400
9,500
27%
105%
103%
45%
28%
108
66
*103
45%
27%
*30
*64
103
>
46'/4
28%
108%
31%
31%
108 Va
105%
45%
'
27%
106
*30
3.1%
*107%
4%
11%
35% Jun
11%
'0
108'A Sep 11
26% Apr 25
28%
140
*32
33
33
34
*33
4'A
11%
103
July 10
27 '4
104
*140
*140
■
28
28%
28 Va
104%
104%
104
104
28%
10
•
No par
6% preferred—.
——100
Western Auto Supply Co
—10
Western Maryland Ry—,—
.100
4% non-cmn 2nd preferred
100
Western Union Teleg class A .No par
1,400
4%
12'%
46%-
West Va Pulp & Pap Co
27%
*27
27%
28 %:'
.
V ■ ^ 1,836
34
34
34%
*4'%
12
45%
*107'A 108%,
107%
34
V
*11%
4'%
4V4
11%
24
23%
24%
107%
34%
*33%
34
4%
*11%:
27%
108
*107
11%
4%
4 Va
11%
28'A
s
12
4%
4%
11%
*27 Va
23%'
108
33%
34%
34
•
*107
108
*107
*107
23%
:■
269%
58
Jan
Jun
26
108
Apr
87% Mar 14
.
78 V4
Dec
71'A Oct
8
Apr
58 Va
Jan
70 Va
Sep
v
21%
Jan
31%
Sep
V
~7%
Jan
17% July
4
;;Y;;Y.:
19
19
19
39%
103%
14
17%
42
42
•Bid
and asked prices;
Y;
18%
40%
: y 39%
40%
103%
103%
*41'A
5%
no
34
14 Va
19%
19%
17%
34
14 Va
13%
19
5%
5%
5%
34
39%
17%
5%
*33%
34
14'/a
103%, 103%
42
42
1
40%
104
104
17%
*17%
*33%
%->. 19%
39'/a
39%
•103%
34 %
14 Va
;
14'A
-19'A
40%
;
;
18
42%
41
17%
*17%
42
41%
41%
41%
5%
5%
5%
sales on this day.
fin receivership,
a
104
Wire—2—.No
"Week Ended Oct, 6,1944
Saturday..
502,290
—...——
33% Apr
24
42% July
5
30
Jan
41'A July
06
Jan
6
104% July
Jan
98
Nov
1,400
13
Jan
3
7
18% Aug 30
82
17%
Jan
16%
Jun
33% Jan
3
44% July 32
Jan
3% Jan
19
37% July
4% May
5.700
-No par
1
Zenith Radio Corp
5,600
Zonite Products Corp.
n New Stock,
sales,
s Special
r Cash sale,
pi
wd When distributed.
Bonds
Bonds
$3,623,000
$280,000
$3,923,000
$20,000
■s
Saturday
502,000
9,000
294,000
7,000
5,413,900
7,256,300
319,000
4,500 '
7,579,800
10,462,800
7,949,400
199,000
227,000
4,689,026
$40,386,400
$1,821,000
/
6,500 1
•
—
—
:
'
$158,000
y Ex-rights.
Wednesday
Thursday
8il82,900
243,405
262,065
Foreign
Government
-.i;
'
t.,:'
V
Total———
—
30,000
4,000
33,000
22,000
555,000
6,000
621,000
$34,000
$2,966,000
609,000
6,000
602,000
1,527,130
$2,824,000
$108,000
.Week Ended Oct. S
1944
1943
1944
1944
1943
Stocks—No.
Btocks—No.
of
Bhares—
-
U.
8.
•
St
$23,400
1,572,500
39,725,300
$4,894,400
84,302,500
2,013,828,900
■..
$52,000
-
1,821,000
Foreign—
Railroad
3,387,825
4,689,020
industrial—
Total—
•
40,386,400
,y'.;Y
on
Stocks
:—Bonds—
—
10
20
IB
Utili¬
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Sept.
Oct,
3
Oct.
4
Oct.
5
Oct.
6
*
..
..
...
ties
Stocks
40.93
24.88
52.58
146.92
—
roads
146.73
2
Oct.
Rail¬
trials
30
10
Total
Indus¬
,
1943
59,240,067
$2,066,000
Total
are
39
52,933,967
to Oct. 6
40.87
25.04
146.91
40.83
25.05
$3,926,000. $136,836,500 $170,928,000
41,000
7,893,000
10,730,000
18,000
1,114,000
1,110,000
$3,985,000 $145,843,500 $182,768,000
108,000
Slack and Bond Averages
listed
Jan. 1
1944
34,000
$2,824,000
Foreign government
Foreign corporate
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.:
Below
967,340
628,000
Bonds
Domestic
$2,600,075
94,910,100
2,585,552,100
■-.•
$41,321,200 $2,103,025,800 $2,683,062,275
$42,259,400
1,527,130
of shares—..
1943
607,000
230,992,781
200,448,262
Bonds
Government..
~
26,000
Jan, 1 to Oct. 6
Week Ended Oct. 6
387,000
5,000
573,000
' ' '
—
Total
$168,000
500,000
K
310,620
Friday.
$2,000
$8,000
305,395
-
Foreign
Corporate
382,000
249,770
$42,259,400
$52,000
155,875
—
Tuesday.
10,666,800
5,000
Domestic
Shares)
6,493,000
5,982,000
5,112,900
Of
'*
Week Ended Oct. 6,1944
I
J
Total-
Jan
2
Bonds (Par Value)
(Number
Y
Sales
Bonds
;
1,001,200
.....——
19%
Stocks
•
Bond
Government
Foreign
.746,390
821,030
—.—
x-Ex-dividends.
5
Weekly and Yearly
802,170
■
6% July
9 Vb
Transactions at the Mew York Curb Exchange
Total-,
United States
815,940
Wednesday
Thursday...
20% July 14
preferred series A—100
Youngstown Steel Door——No par
5%%
41%
Deferred delivery,
Railroad
and Miscel,
15% July 20
3
Youngstown Sheet & Tube__No par
Daily, Weekly and Yearly
Number of
Sharea
par
25
370
Transactions at the New York Stock Exchange
Stocks,
36% July 17
6
9 'A Apr
14% Jan
12,400
Y6
5%
6
Young Spring &
2,500
27% Mar
Mfg. Co
£
23
Corp„—-i.———iAi.——-.1.
& Towne
19%
40%
17%
Va
Yale
York'
5,000,
104'A
/19%
lor
17
Y
19%
40.% .'.A-: 40Va
104 •:
17%
5%
,
Total
40
trials
Ralls
Rails
ties-
106.96
109.23
81.31
109.63
101.78
52.64
106.89
109.17,
81.66
109.62.
101.83
52.63
106.94
109.22
81.56
109.62
101.83
82.25
109.70
102.08
Bonds
147.89
41.10
25.24
52.98
106.94
109.45
148.62
41.67
25.42
53.37
106.94
109.61
83.04
109.71
102.32
148.84
41.80
25.58
53.50
107.05
110.00
83.05
109.79
102.47
1
VI
'JlW
,
&
•>
*»c^ii ti iM. "ffM,:-
:%2f wifjv
THE COMMERCIAL & FINANCIAL CHRONICLE
1544
Bond Record
*
s'asaii
M*hiN ir M'4- I'HiWikflKtfhw,, w w< *
fyV i
i
Monday, October 9, 1944
New York Stock Exchange
«»
FRIDAY
-
WEEKLY
YEARLY
-
interest"—except for income and defaulted bonds. Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transaetlons of
the week, and when outside of the regular weekly range are shown in a footnote to the week to which they occur. No account is taken of such sales to computing the range for the year.
"and
NOTICE—Prices are
The italic letters in the column
headed "Interest Period" Indicate to each ease
'
'/.
S.
Sold
Last
Period
U.
Bonds
Friday
Interest
Exchange
4-0
Treasury 4 %s_—__—1947-1933
Low
110.29
100.25
104.19
*"104.6
104.8
104.8
*•110.1
110.3
J-D
—104.8
104.8
J-D
—L—_1945-1947
Treasury 2%s„;——-—.._1948-195l
M-S
J-D
Treasury
1951-1954
2%s-»4—-4—1956-1959
23/4S_«,1-1_4»4—1958-1963
2 % s»_«—.—4-.—1960-1963
2
.4—.—-1945
2 V2S————
— ——1948
2%s——————1949-1953
2y2S—_——-4-—,—1950-1952
Treasury
2^8—1952-1954
Treasury 2 %s1956-1958
Treasury 2Vis ————,——1962-1967
Treasury 2Vis iT.——u~~~,---.1963-1968
M-S
2 %S——.—„__June 1964-1969
2 %s
—Dec. 1964-1969
2 Vis
.,4-—-*-,-1965-1970
2 V2S———1967-1972
2 Mis——4—u,—-.—1951-1953
2 %s
.—.——1952-1955
2 %s__
—1954-1950
2y4S ———————1956-1959
110.9
111.11
111.16
Treasury
Treasury
:
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Tre.".ury
Treasury
,
106.5
106.3
106.24
'109.3
109.12
M-S
.
108.29
*108.27
—
"*111.2
lli:9
111.4
*111.3
—
111.5
4-
111.10
111.11
111.7
102.28
,
Series
(City)
A 6s
106.4
106.16
106.24
*106.19
106.21
106.4
106.31
107.7
—
J-D
*100.7
J-D
100.4
100
100.7
2
100
100.12
100.6
100.6
A
100
100.11
100.4
el00.9
100.6
M-3
100.9
100.16
100.7
3-D
M-S
r
100.15
100.15
100.15
12
1
100
2s—4———Jun 1949-1951
2s-.;..,
;i
Sep 1949-1951;
2s————-Dec 1949-1951
2s— ——-March 1950-1952
2s4-—Sept 1950-1952
2s ———4———1951-1953
2s-————4—41951-1955
J-3
Treasury
Treasury
Treasury
Treasury
Treasury
—-
Treasury
Treasury
,-41952-1954
2s_—4-4——
Treasury
Treasury
.1953-1953
2s,
Treasury l%s—-—..——June 15 1948
104.8
101.26
M-S
*101.21
101.23
J-D
*101.20 101.22
ioT5" 10T19
*101.14
101.6
101.20
100.21
101.10
M-3
elOl.6
el01.6
101.16
el01.6
M-S
*100.21
100.22
100.5
*100.21
100.23
100.16
100.16
100.16
100.9
a Be
1
100.19
3-D
J-D
*104.28
101.12
Corp—
M———1945-1947
series
J-D
*100.21 100.23
assented-—:
18
A-O
18%
18%
A-O
17%
18
F-A
18%
i" 17%
F-A
1961
J-J
18
Corporate Stock——
3%
1980
J-D
113
113%
49
:
A-0
—1963
1957
3-D
A 7s
J-D
15%
A6S
;
Membere New York Stock Exchange
REctor
120
2-2300
Teletype
NY
Broadway, New;York
•
AGtd sink fund 6s_———1948
Akershus
(Ring of Norway) 4s——1968
(Dept) coll 7s A——1943
AAntioqula
A External
AExternal s f 7s series C
A-0
*60
Af-9
*66%
3-3
1945
3-3
AExternal
s
f 7s series D——1945
AExternal
s
f 7s
17
34%
34%
16
17
34%
17
33%
17
35
16%
33%
34
:■
•
—
34%
19
A-0
31
31
1
A-0
31
31
11
1 7s 3rd series—1957
A-O
30
30
1
16%
30%
J-D
91
92
8
56%
sec
s
series
AAntwerp (City) external 5s
.—1958
Argentine (National Government)—
S f external 4%s
S f conv
—1948
loan 4 Vas————1971
8 1 exti conv loan 4s Feb—
1972
S f exti conv loan 4s
Apr_______1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927—--————1957,
External g 4»/aS of 1928
1956
Belgium, external. 6 V&S———r 1949
5%s
101%
99%
M-N
99%
99% 100
20
98%
M -N
92
90
92
14
89
85
84%
85
10
82%
93
85
85
85
1
82%
93
100
100
A-0
3-3
M-S
Af-N
100
100%
96%
28
18
99% 100
96V2
;
97
4
92
*101
98
100%
102%
External s f 6&—_————.—1955
3-3
*100%
100%
102
External
3-D
*102%
101;
106%
.—.——..1953
lABrazil. (U S of) external 8s——1941
Stamped pursuant to Plan A
(Int reduced to 3.5%)—
.1978
AExternal
'
"
i 6%s of 1926
3-D
61%
61%
3-D
1957
A-0
Stamped pursuant to Plan A
(Int reduced to 3.375%—1979
*—
—
61%
25
50
65%
AExternal s f 6%s of
1927——1957
Stamped pursuant to Plan A
(Int reduced to 3.375% )—1979
A 78
(Central
Ry)—
—1952
A-0
A-0
J-D
59%
,59%
.
59%
•
59%
33
60
20
60
47%
47%
63%
63%
:*—"; 6l'
—
61%
61%
61%
*55%
~3
56%
/
81%
78
3
31%
32
1949
16
J-J
103
'
108
104%
11
103;/;;,
lOffV
.4
*147% 15d
A-O
*77
■■
106%
108%
87
F-A
87%
A-O
84
M-S
.
.
(Int reduced to 3.5%)
.—1978
1979
69
89%
87%
10
71%
89%
84
14
67%
87
87%
83%
49%
64%
55
3%s
56
56
55%
56%
36
55%
55%
6
Series
No.
3%s
Series
No.
3%s
Series No.
*55%
3%s
Series
No.
*56
3%s
1
Series
No.
3%s Series
No.
3%s
Series
No.
Series
55%
4lZZZII~ZII—in
No.
3%s
55%
61%
55%
55
6IV2
85
100%
84
,100%
M-S
A-0
1969
__':
100 Va 100%
A-0
*100% 101
*43% 47
"*105 "; :
3-J
30
No.
12ZZZZZZZZ—zzzzz
3%s
Sereis
No.
13™
3%s
Series
No.
14
Series
56
55%
57
56
54%
105%
100
'
A 7s
part paid
—1964
part paid——————1988
Haiti (Republic) s f 0s series A—1952
Irish Free State exti s t 5s
—i960
19
M-N
19
18
25
95%
16%
5
16%
95%
18
A-0
*100% "
55%
—
19%
98 V'4
100 Va
A-O
17
17
10
12%
J-D
31%
31%
1
16%
33
J-D
94%
95
2
88
98
10%
11%
(State Mtge Bk) 7s___l'i57
(Colombia) 6y2s——.-1954
'Mendoza (Prov)*4s readjusted——1954
Mexican Irrigation—
A4Vas stamped assented*———1943
A Assented to Nov.
5, 1942, agree
A Mexico- (US) exti 5s of 1899 £—1945
"q-J
1899.-,—.——1945
Q-J
A Assented to Nov. 5,
1942, agree
A Assenting 4s of 1904_-_™—__1954
A Assented to Nov. 5, 1942, agree
1-D
A Assenting
4s of 1910—— —1945
A Assented to Nov,
5, 1942, agree
5 n Treasury 0s of 1913 assent,__„1933
17
M-N
*10%
*10%
•/■'
9%
17
14%'
17%
*10%
*-/
"•
,10%
10
9%
14%
,
*14%
*13%
1-3
11%
*19'/4
*17%
*16
1-3
A Assented
to
No v.
5,
1942, agree
15
13
55%
Series
No.
Series
Series
No.
3%s
Series
3%s
Series
.
—
55%
*54%
60
'*54%
'
60
'
58%
54
59%
57
54%
58%
55
56 Ve
60
55
59 %
No.
,*54%
60
54%
60
No.
*54%
For footnotes see
page 1548.
•
18%
19
SECURITIES
FIRM TRADING MARKETS
r.ABL MARES & r.O. INC
I
JT}
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
16%
14%
16%
57%
*54%
—
16%
11%
10%
*18%
56 Ve
55
10%
17%
18%
60
56%
*54%
18IIIIIIIIIIIIIZI:
55%
59%
55%
,
—
leZZZZZZZZZZZZZZZ
-a
60-—
60
*54%
*
No.
3%s
55%
*54%
:
xh
%
*17%
For Financial Institutions
FOREIGN
19
'
58%
—
21%
16
75%
95%
1
60
56
*54%
No.
3%s
3%s
61%
55%
No.
Series
44
101%
100
62
*54%
—
Series
3%s
100%:
A-0
58%
61
—55%
jjlZIIIIIIIIIZII—
3%s
3%s
55V4
92
86%
*100%
A-O
611/2
57
84%
92
*100%
100 Va 100%
A-0
3%s Series No.
■75 "
59%
U
86%
3-D
External $ bonds of 1944 (Plan B)—
3%s Series No
76
59%
5% funding, bonds of 1931
Stamped pursuant to- Plan A
(Int reduced to 3.375%
152
•'
Stamped pursuant to Plan A
,
112V4
t;I04V3
"•:;:i39%
80
*77
J-J
,33%
108
: 100%
106% 107%
".'if
■
78
21
103%
106
F-A'
J-D
36
59%
57%
1
.
78
3-D
A Assenting 5s of
61
A-o
s
51%
AMedellin
*100% 102
f 7s
57%
39%
A Jugoslavia
M-S
s
69%
69%
4
42
A6s
101
92
88
57%
1
19
*40%
81%
M-S
(Republi? of) 7s—19R7
Republic 7s stamped———1949
unstamped———
-———1949
<
49
41%
41%
81%
AEstonla
Greek Government—
;
;
68%
68%
M-N
series————1969
-
17%
28%
34
French
•
7s
F-A
1st
16%
,
16
M-N
——11955
5%s 2d series——
16% >31
18%
34
J-D
Customs Admin 5%s 2d series—1961
92
AExternal
1st
14
32
48%
18
16%
14%
'
15%
18V4
17%
15%
'
F-A
.External gold 4%s—
——il962.
lADomlnican Rep Cust Ad SVis—Il942
§Alst series 5%s of 1926———1940
§A2d series sink fund 5'/2s
1940
,
1.1957
AExternal sec s f 7s 2d series—1957
gold 5%s—
'/I'
*40%
A-0
31
*33%
—
17.
68%
48%
J-D
External
60%
9
34
34,"
50%
34%
—
17
*40%
ASinking fund 8s series B——1952
IA Denmark 20-year exti 6s———1942
60
33%
3-3
.
53
*60
3-J
—1945
f 7s series B
s
F-A
17
M-N
—-1953
—
18
15%
A-O
1946
.4%s, externalJ debt—a.1977•-
•Sinking fund 5%s
18%
18%
17%
68%
3-3
f;APublid' ;wks :5%S
1945
A Czechoslovak) a (Rep of) 8s set A-1951
Municipal
Agricultural Mtge Bank (Colombia)—
—1947
-
18%
17
10
17%
17%
15%
A-0
-1947
16
5
13
18
*24%
A-O
Oct
External- loan 4%s_
,
1-1693
&
AGtd sink fund 6s_——
s
AColornbla Mtge Bank 6%s—
ASinking fund 7s of 1926—
••
Foreign Govt.
1961
—Jan 1961
f $ bonds———1970
1927—-—.
ASinking fund 7s of 1927
.—1947
Copenhagen (City) 5s——,
1952
25-year gold 4%s—.—1953
A Costa Rica fRep of) 7s—_
-.1951
Cuba (Republic of) 5s of 1914—1949
Wertheim & Co.
Telephone
of
3S external
18%
20
17%
17%
'*—V
M-S
%
19
17
;
'*16%;-/.
M-S
(Republic of)—
Of 1928—
19%
19
16%
"L
17
M-N
1951
19
;
/16%
*16%
17%
M-N
—I960
(Hukuang Ry) 5s
A 6s
Securities
"6
18
Colombia
n
16%
.
~5
18%
•17
'
A-O
-——I960
assented--—-——
20
17%
10
18
*16%
3-D
i a«o
,
19%
19%
,
17%
A-O
assented—.
20
20
16%
11
,
17%
3-D
Chinese
,
"4
17%
3-D
A Chilean Cons Munic 7s
A
1 '
17% ,19
Af-N
—1957
A 6s
19%
M-N
1901
A6%s assented—--———1961
AGuaranteed sink fund 6s—1901
108% 114'
16%
17%
16%
16%
6
18
—1963
ASinking fund 6%s—
.
19%
23
.
18
17%
L———1963
AChlle Mortgage Bank 6%s.
A6'/2S assented
City
18%
18
M-S
A6s assented—1961
AGuaranteed sink fund 6s—,—1963
York
New
19
■/*'3
A-O
A6s assented
Transit Unification Issue—
16%
18%
18.
y-s
1903
19%
31
18
18
45
18
1
18%
:
J-J
1961
-—Sep 1981
AExternal sinking fund 6s
•
100.28
18%
sinking fund 6s—Sep
AExternal sinking fund 6s
loTi" lOlIlS
100.28
—Jan
A6s assented—
104.30
*101.10
18
45
*40
I960
assented—
a 6s
-
Home Owners' Loan
IVis
A Exti
-
M-N
sinking fund 6s—Feb 1981
1
"f.a
assented—-——.Feb 1961
ARy external s f 6s—i—Jan 1961
;
*103% 103%
1980
A6s assented
100.19
J-D
3-3
106%
10^% 103%
103 Va 104%
101% 105%
"2
104
110%
104%
*102Va 102%
104
88 V'4
62%
101% ,103%
101% 103%
10
104
87 V2
•108%
rpirLl'
102% 102 %
M-Jf
a Exti
■
100.28
J-D
1954
:AExternal sinking fund 6s
101.26
M-3
I;*102% 102%
,
•
50
9
3
M-N
(Rep) External s f 7s
—1943
A7s assented—-1943
104.8
61
39
AChlle
101.25
73%
105% 105%
100.20
104.12
73%86'/4
45
109% 109%
107.11
*101.23
/.,
65
80%
109%
3-3
*104.10
3-D
72 Va
61
J-J
loTil
72
69
78
J-3
10L31
50
78%
78%
105%
1958
100.2
102.2
——Jan
95
86Va
78%
A-0
■
101 V-a
90
78
80%
3-3
1953
106.18
*102
——'1968
95%
3-3
1948
104.4
M-3
(Dom of) 30-yr 4S————1960
92
98%.
;
78
3-3
15
3s
99%
98V'2
78
78%:,
A-O
f $ bonds—-—---1984
3s
55
58 %
92
*91
M-N
15
106.21
100.18 '100.20
s
2%s
102.8
*106.19
external
55
56
97%
98%
.
58%
59%
60
*54%
97%
*100% 102
Af-S
30-year 3s_—
107.3"
102.8
*104.2
M-S
15
106.9
102.5
M-S
1931
———Jan
ACarlsbad (City) 8s>
106.4
*102.3
3-D
J-D
—————Jan
*106.2
J-3
3-D
F-A
.1950
25-year 3V4S—__—__—.——1961
■30-year 3s———
.-1967
100.18
J-D
Treasury 2s——4————1947
Treasury 2s__———Mar 1948-1950
Treasury 2s.
4_—Dec 1948-1950
-1958
—
97%
59%
59%
55
55
'
Af-S
58%
55%
•
-11957
F-A
Canada
100.14
100.9'
29—-—w^—_
30-———-
I 4y8-4%s_———1977
3%
100.11 100.17
*100.18 100.20
'
104
103.17 "103.22.
103.26 '
*103.24
.
:U
.
No.
No.
s
55%
59%
60
•55%;
*54%
Refunding b t 4%-4%s———1978
External readj 4%-4%s——1978
External s f 4%-4%s——:
—1975
s
6
60
60
55 Vi ■'
54%
55%
*54%
*54%
28
stamped--———————
External
107.7
103.29
107.3
*103.30 104
No.
Series
3%s
103.9
*107.1
Series
54%
54%
15
*54%
55%
,
54%
;
55%
55%
55,%
———
f 5s—
Sinking fund gold 5s—;
Sinking fund gold 6s
Buenos Aires (Province of)—
*106.2
-4
25,:
3%s
M-S
M-S
24—:
No.
Brisbane
3-D
■
No.
3%s
112.6
102.17
Series
Series
55%
60
55
—
'3%s
111.13
*111.9
—
3-D
,
111.15
*102.15
J-D
3-D
23—
3%s Series No. 26_'-»_i.-—1,^
Series No.. 27_————i.
103.11
*106.3
—
"
112.13
102.11
J-D
2%s
No.
3%s
111.21
M-S
2%s_—..
Treasury
*54%
Series
NO.
-
:.*54%
■
3%s
104.20
110.16
111.21
—
No.
Hioh
21——.
3%s
102.7
*110.14
111.21
M-S
(Continued)
bonds
$
Range Since
January 1
Low
High
Bonds
Sold
Friday's
Low
1
*102.5
M-S
or
3%s' Series'' No./22——i,——w
3%s■'Series
5'"
105.18
104.8
Week's Range
Last
Sale Price Bid & Asked
(Continued)
External
111.23
109.28 110.19
15
'
M-S
Brazil
100.29
*■104.17
M-S
/Period
.106.9
105.9
Friday
Interest
Exchange
.
High
100.25 100.25
—
/• ■/ '■
New York Stock
Range Since
January 1
J-D
.
—
Treasury
:
; "■110.12110.14
—
■•/"■
:
_v:
J-D
4s~.Lu~~r.r~.——1944-1954
Treasury 33/4S
„_~1946-1950
Treasury *3148—......1946-1949
Treasury 3 ysS^.—^.1949-1952
Treasury
,-*.^^1946-1948
Treasury 3s_——™„_1951-1955
Treasury 2%sJ—.4——--—.11955-1960
Treasury
No.
High
Low
Government
,
BONDS
Week's Range
or Friday's
Sale Price Bid & Asked
BONDS
New York Slock
the month when the tomda mature.
RANGE FOB WEEK ENDING OCTOBER 6
Teletype N. Y. 1-971
Volume
1545
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4323
160.
NEW YORK BOND RECORD
&Sec external s 1 6Vbs
AMontevldeo
A 6s
(City)
A
series
1959
External
External
f
s
5s,
.
External
—,
Oslo
99
•
J-D
F- A
88
A-O
*86
M-N
*96
extx s
88%
3
23%.
16%
25
16'%
148
external 7s__
1959
A Nat loan extl a f 6s 1st ser_.—1960
A Nat Loan extl a f 6s 2d ser
1961
IA Poland 1 Rep of) gold 6s
—1940
A4'/2S assented-™——i
1958
A Stabilization loan s f 7s
^1947
A4V2S assented
—1968
A External sink fund gold 8s—_.1950
A 4 V2 s assented—:—
—1963
APorto Alegre (City of) 8s_.—
1961
A External loan 7'/aS——_—,—-1966
45
17
40
22
42%
316
40
31%
iRep of)
20%
20%
20%
•
A-O
to 2.375%
oec
ovac-
A-O
28%
:
*15
23'%
14
gold 4s extended to
1951
1st M (int at 3%%
83%
J-J
26 %
Beech Creek Extension
2
36
45
Bell Telephone of
42%
5
34
44%
Beneficial
50
50'/a
Consol mtge
F-A
t
38%
35
38%
38%
30
41'%
39
46%
J-D
-
•
M-N
46%-■ 46%
10
37%
A-O
.1921———Y--1940
A 6s external sink fund gold—1968
A 7s external loan of 1926——I960
A7s municipal loan,.
——1967
Santa Fe external sink fund 4s~,,1964
a Sao Paulo (City of Brazil) 8a—-1952 v.
A6V2S extl secured s f
——1957
|ASan Paulo (State) RS—,—1936 \
Stamped pursuant to Plan A
(Int reduced to 2.5% ),,.„,,1999 ;
ARr external
-—1950
Stamped pursuant to Plan A
Y
(Int reduced to 2.5% )—1—1999
A 7« exit water loan
—i
1956
Stamped pursuant to Plan A
;v
(Int reduced to 2%)
—-2012
Afis extl aoaar loan—
1968
extl loan of
37%
37%
3
29
10
43%
40%
40%
J-D
41%
*40%
Af-S
85%
85%
Af-N
101'A
100
101%
4
105%
107
'
3'As series H_.
J-J
106
106
1960
.1965
F-A
103%
103% 103%
8
101%
104
F-A
106%
106
106'/a
4
104%
106%
1st 5s A C,_L,—1967
1955
M-N
A-O
5s series II—
r_,
47
J-J
"Y.7'"Y
.-t
:
MS
-
94
23
56%.
58
79
52%
44%
Bklyn Union El 1st gold 5s„——1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A—
1947
M-N
50
*42%
__
41%
•t.:
sehes
2
Y 33
103'A 103'A
5
103'A
103'A
5 A Sep urea
I. 7s
a
J-J
A-O
:..—1940
*
1
3.50% )-Y-,-1978
modified ' (interest
Stamped
(Int reduced to
Serbs Croau
40%
.
.
1957
15
17
14
J-D
15
4
30
11
25 -•>
20
10
21%
J-D
*15( '
F-A
101- 10L-.
F-A
*91
if
Af-N
*90
Af-N;
/•
12 ■'
91
1
California
91
91
:
*109%
,75
y;
Af-N
M-N
J 4-4%r4%s extl readjustment—.-1978
•(*
J-J
readjustment————1984
AWarsaw (City) external 7s.—!—1958
a4Vis assented
——..
1958
3(6? extl
■
V 40.
Guaranteed
76%
4
A-O
26%
26%
6
76'
•66%
*16'/a
18%
tAbitibi Power & Paper—
;
J-D
.—-1947
-Coll trust 4s of 1907—
A-O
79r
3%s
Susquehanna RE 3'As—1946
;—.—__194R
J
&
Foreign Pow deb 5s——2030
5'As—
1—1949
Amer X G Chem conv
A-O
t.-Y,
F-A
{
M-s;
115%
112%
M-S
104
deb stk perpetual
trust 4%s„
I960
—
1949
1965
M-S
Corp 5s w W—1950
M-N
Clinch
104
89%;
3
103%
104%
103%
106% V
110-
■„
A 1st
-
36
82%
*7
102%
101 '/a >
104
95'%
•■■i
.
.
9;
Central
86%
106;
5s
95%
Elec 6s series
Am Wat Wks &
A-O
Armour
100%
■
4s„——1995
Nov
gold
———
4s
gold 4s of 1910———
;i960
,Trans-Con Short L 1st 4s——_—1958
Atl Knox & Nor 1st gold 5s—,—1946
Atlanta & Charlotte Air Line
Ry—
95
Ref &
—;;.
102%
104
Called
(Nov
Second
,,1948
—1948
4s—
mortgage
General
;
&
1953
Atlantic Refining deb 3s
106%
112
115%
125
115--
112%
gold
Ohio Ry—
1st
A-O
10
48%
34
J-J
J-J
106%
lll'A
Illinois
111%
4s
106%
111
114%
3%s
^1996
30
-
29%
113
1st
ref
—1958
1977.,
—,"—1971
A
219
/
Yio„
26
J-J
,
.2
132%
139'/a
56
105%
100%
105% 105%
6
104%
109
105 ii
,
105
105
M-N
106% 106%
M-S
•
103 %
.102
5
103'%
191
69
105 7/a
j~-7
rfa
42%
j-j
us
88%
27
89%
19
105 A
42%
43%
10
35
19
86%
88%
M-N
105'/a 106'/a
105 & 105%
33%
J-D
213
;
37
33%
103
*1037/a 104%
(conv),,,,—1997
1982
Chicago Gt West 1st 4s series A_
1988
AGen. mtge
106 %
105
AGen
ft
inc
tChicago
48%
Ind
&
^ARefunding
■
1st
&
geh
& gen
2038
:
110%
F-A
110%
F-A
108%
Louisville
J-J
53
'5
5
P
110
84%
83%
J-J
56%
54%
,
July 1948
Stamped modified bonds—
.1st
gold
mtge
Oct
1
1946)
(int
due
at
:
4%
Ref & gen ser C
to Dec 1 1946)
Ref & gen
ser
93
559
to
to
93
97%
279
73%
J-D
57%
54
57%
413
41%
59%
64%
61
64%
419
46%
64%,'
\
1999
—
F
(int at 1%
J-D
For
due
1990
-—_
footnotes see
page
Feb 11960
1548.
>
series
.
AGetii 4%s
series
E__
4%s
series
F—
AGen
1968
May 1966
adiustment
57%
53%
57%
365
41
59
57%
53%
57%
257
41%
59 %
Des
F-A
39%
41
609
31%
44%
Sioux
41
2nd
mtge
City
111
92%
109
53
48
63%
125%
128%
29
76%
88%
30
47
65%
76
27
50
83'A
84%
56%
75
J-J
72%
70%
72%
25
47%
78%
67%
67%
16
45
M-N
74
11'/a
11%
32
10'/8 .* 14'A
12'A
8
J-J
11%
12%
12%
17
100% 101
30'/a
87
14%
101%
101
J-J
82
80%
82
195
74'A
86
J-J
78
77
78
18
69 V8
82%
J-J
87
84%
87
188
76 %
89 V2
J-J
87
85
87
51
76%
89%
J-J
87%
86
87%
26
77%
90%
1975
F-A
57
56
57%
724
45%
64%
Jan 1 2000
A-O
13%
12%.
13%
506
11%
17%
May 11989
May 1 1989
May 11989
May 1 1989
5s„
income 4%s
Valley Div 4s_
conv
Plaines
84%
so
J-J
Chicago & North Western Ry—
1st & gen mtge 4s ser A
Af-S
106311
110%
1958
fChic Milw St Paul & Pac RR—
AMtge gold 5s series A—
1
AConv
106'/a
105 Va
—May.l 1989
A
4s
gold 3%s. series B
4%s series C—
AGen
Af-3
to
Sep 1 1946) due
A Conv
97%
97%
•
1995
(int at 1% to
Sep 1 1946) due
—2000
81 gen
93 '
AGen
AGen
70%
A-O
ser D
Ref
89
.
(int at ll/a%
due
93
(
—July 1948
Ref & gen ser A (int at 1%
Dec 1 1946)
due——
A-O
.
76
J-J
—
Chicago Ind & Sou 50-.vear 4«
RR—
100%
,103
,103
30%
106aO
98
147
Ry—
5s series A
6s series B
21%
102
'
series B,—1947
1947
5s
51%
122%
,
78
109% 111
'108% 108%
J-J
J-J
gold
20
19
110%
^Chicago Milwaukee & St Paul-—
Ohio
&
1st mtge gold 4s_
,
,
*127%
M-N
6s ser A———1947
ARefunding 4s series C
A 1st
B
1st gold 5s_:
mtge 4%s
ARefunding
39%
105%
inc
Chicago & Erie
83%
a
Baltimore
378
126%.
120
*105j2
M-S
103%
121%
1051%
32
97'/a
88
102%
■
103%
—
128
*122% 126' *,
26
26%
:/
105^2
106
105% 105%
105% 105%
J-J
30%'
100
•139% 139%
26%
.
35%-
109'A
74
*103%
:
.
72%
79%
7*126
A-O
26"
'26%
104'A
100
97%
Chicago & Eastern 111 RR—
104% 107%
90% 104.
7
.
12
.
1949
Series
37%
854
102
1949
1949
—
5s
28
102%
*76%
J-J
registered
&
93'A
39%
596
29%
89%
96%
F-A
112
83%
105% 106
106
F-A
1989
—1949
1st & ref 4%s scries B_.
;
32
34%
30
27
104%. 104%
J-J
4s„
General 4s
28
16%
56
485
34%
29%
32
J-J
registered—,—
Division
93'A
32% ,36%.
36
.-34%
10'A
48%
23
110'A
111%
92
93%
5
50
*__
A-O
J-J
1989
2d consol gold 4s,_:
t A Chicago & Alton RR ref 3s
.
86
50%
30
,
10%
J-D
—1946
gold 4s,_
cons
;
10%
\
gold 4%s
Chicago Burlington & Quincy RR—
Illinois division 3%s,
—1949
109%
110%
5'/2s A—
Impt M 3%s series E—
5
"i
gold 4s, 1949
5s______—,1960
P/otts Creek Br 1st 4s
"I
—
1st ref gtd
.
J-J
:__1987
impt mtge 3%s D_^
109%
110% 110%.
*110
105
1,- 1944)———,
Light 3%s______,_1968
Prod
Chesapeake &
J-D
1st cons 4s—-July
Atlantic & Danville Ry 1st 4s.
;;
J-J
3%s—————-1963
1952
General unified 4'As A,—,,.
1964
L & N coll gold 4s
-Oct 1952
Coast
____1959
105%
76%
*110%
J-D
■
mortgage
16%
139%
6
114% 114%
J-D
1st
50%
10'A
M-N
93'%
*113% 115'%
J-D
Conv
91%
37%
12
M-S
Ref
118%
68%
137
1992
—1996
70
23
53
49
102
105
(58
104
10%
M-S
114%
114%
101'A
47
48%
M-N
63
124% 124%
15
79%
194»
102%
114
106
49
§ A Central RR & Banking 5s stmp_1942
107
-r
1C3%
85
Certain-teed
•
2
M-N
——1995
gold 4s of 1909—,-—-1955
Conv 4s of 1905——
.—1955
Conv
Atlantic
Guaranteed
124
14
124%
69
17
82%
F-A
R & A Div
114%
107'A
52
F-A
A-O
,1987
*104%
A-O
110%
104%
105% 105%
A-O
110
>110%
112%
109
,.6
:
103'A 104
;,-_i_,_„i;-1987
45
Af-3
2
64%
:
114%
3
■:
106
64
105%
M-N
4s_—
93
AO
Stamped
108
.97
105%
98
1
,1959
registered—
4s
69
-69
————-1995
Adjustment
107%
115%
100 »A
68
Central N Y Power 3%s__,—,,,1962
113% 114
113%
Atchison Topeka &
General 4s_,
15
.8
68
,__,_1945
registered,,,
102% 103
•r
103
Q-J
—1978
debenture?,,
Santa Fe—
7s Income
22
268
*
(Del)—■
& Co
'
123'/a
121% 123'%
Jan
Anglo-Chilean Nitrate deb
Ann Arbor 1st gold 4s,—————1995
Ark & Memphis Ry Bdge & Term 5s 1964
A
108% 109
'
A-O
M-N
A—,1975
.—1967
108% 109
109
M-S
114 V8
lll7/a
84%
J-D
Central Pacific
108%
1
J-D
*
1945
Eng 1st gtd 4s—,1961
"^General
105%
W •'
.
Nov
JACentral of N J gen gold 5s—1987
,
V
American
Illinois
tACent New
81%.
103
mtge 5s
'.ACha'tt Div pur money gold 4s__1951
AMobile Div 1st gold 5s
___1948
102%
100% 101. Y
103% 106% '
103%
111%
108%
48
109% 109%
106
,
J-J
1st gold 4s_^„1948
SAponsol gold 5s
;
67
_^,Y1,„,1955
debs.
P
14
Y 2
*117%
J-J
ARef & gen 5%s series B
A Ref &
gen 5s series C—
89%
101
U
117,'/a
104
104
F-A
.„«__1962
Corp 3%s debs
Branch
1981.
119
115'A
^Central of Georgia Ry—
89%
.
: 103'% 104
I—
A Cent
^
gtd gold 4s„
Celotex Corp 3%s
104%
103%
-3
,
104
94%
95
,
Celanese
100%
101%
xlOO
,: *80%
'.
120
Ohio 4s
&
136%
94
93%
J-J
Carolina
118
10
108% 108%
■93%
1956
4'/2s—
116
49
...
116
-7
112% 112%
108%
F-A
gold
117%
118 '/a
; 118'A
10
116% 116%
J-D
J-J
A-O
20%
100%
Af-N
,
Called (Nov 1 1944)———-w»
Telephone & Telegraph Co.—
3 'As debentures,————.,—1961
3'As debentures,
—
L
1966
3$ conv debentures
-i
...1956
Amer Tobacco Co deb 3s
j—1962
,,;,
104
.
116% 116%-
..Collateral
tlACarolina Central 1st gtd 4s__
107%
—
116'A 116%
J-J
F-A
:
1;
405 lA •, 104%. 105%
•
J-J
116'A
J-D
gold 4%s—
^'Guaranteed
.
*1C2% ;
;
A-O
109%
108'/2
4
62
68%
89
A-O
registered—
Allegheny Corp 3'As sec conv——1954
Alleghany & West 1st gtd 4s
,1998
Allied Stores Corp 4%s debs——1951
Alii
xlOO
1970
4%s._1955^
Can Pac Ry .4%
103
r *90
.
:
1969
Oct
104%
95%
.,1951
gold
Guaranteed
Y
.
106% 106%
A-O
101%
93
,
107 »A
22%
109
-
—
-103% 103%
103% 104'%
*109
A-O
warrants
Albany &
;
M-N
6s——1948
with
.
J-J
assented——1948
Albany Perfor Wrap Pap
6s
103%
;
3Vis—-1972
mtge
1st
Power
J; *104
lL-
F-A
10-year deb 4'As stamped———,1946
Alabama Great Southern 3'As,,—1967
Alabama
■Y
-
Af-S
J-D
17
85%
42
107
107%
117% 117%
115% 115%
Guaranteed
Cart & Adir 1st
J A 5s series A plain
-———1953
A Stamped
———4-—1953
coll tr gold 4s—1948
85%
28
100
107%
A-O
A-O
Guaranteed gold 5s,_
---■
v.;
i
Companies
Adams Express
69
15
92%
21
89%
10
"
104'A 104%
*105% 107'A
A-O
1966
10
22
*15%
*119%
*87 '.
1968
gtd 5s;A__L1962
10
F-A
Y,
10
79%
87%
92%
63'A
29
.
10
79
J-J
59,
Y
—
F-a
I'D
3%s_^._
cons
gold 5s
Carriers & Gen
Railroad and Industrial
25%
98% 100
100
A-O
.
15
27.-
25%
A-O
44%
21%
411
62%
Y Canadian Northern Ry deb 6%s_,,1946
78%
60
•
*
16
72%
*6,7%.
65 %;
GO
•
74.... 74,;:
••
—;
^Canadian National gold 4y2s_^_—,1957
•
.
•
*J,. 78
■f;
109%
~
59%
62%
"
*-
•■72%
F-A
107
112%
109
•
-
75
Power
Elec
Canada Southern
..
74...
J-D
.,,1955
-I960
California-Oregon Power 4s__^
102-
4
conv——1978
102%
109
12
loy'/2 109 %
17%-
89
-
•
"
conversion—-———1979
112%
103 y4
11% 1 18%
91
*90
Af-N
'
104'%
108
62
14
15
Af-N
extl——-,—1962
A Silesia
(Prow of) extl 7s—,_,__1958
A4Vas asbented—
,——1958 .
Sydney (City) a t 5%s
—i-T—1955 ,
A Uruguay (Republic) extl 8s,,,,._, 1948
A External sink fund 6s_—--—I960
A External sink fund 6a— — ,—1964
.3%s-4-4%s ($ bonds of 1937)—
;
^
External readjustment——1979
External
L,
"■;> Consolidated .t 5s—
*22;,
Af-N
external——_—1962
A7s series B sec
3%-4%-4A
62%
68
*61
,
■'
56%
(Kingdom;—
Slovenes
ot
secured
A 88
,
.
62%
A-O
102
6
at
to May 1. 1947) due,—
3%
Bush Term Bldgs 5s gtd
!
Stamped pursuant to Plan A
,7
94%
J-D
^Burlington Cedar Rap & Nor—
Y § A 1st & coll 5s
,,.,1934
'
ACertificates of deposit—;
Bush Terminal 1st 4s—J_„;
,1952
36%
'34
102
.
111
•
Stamped pursuant to Plan A
(Int reduced to 2%)——2012
58%
111
102
102
F-A
44
30
'Y *38--. 39%
^
110
M-N
1957
A-1981
t
J-J
108'A
50
.
Buffalo Rochester & Pgh Ry—
/
J-J
—
20
50
J-D
B
1st lien & ref 5s
41%
■
108% 108%
M-N
Buffalo Gen Elec 4%s B„
50
63'/4
10
'41%
'.
108 %
F-A
40%
39
10
'
94
93
38%
47.
99%
93%
F-A
W- '•
...
96%
57%
Buffalo Niag Elec 3'As series C—1967
*42%
J-J
105
2
98
98
M-N
M-N
1950
101
*102%
V
102
92%
105
*101
J-J
Bklyn Edison cons M 3%s„_,___„1906
gold 5s__
106'A
83%
tA Boston & N Y Air L 1st 4S—,1955
Debenture
J-J
130
130%
1959
35%
: 6
48
*46%
100'A
5
30
5
37%
37%
37%
128
2
101% 101%
A-O
93'%
81%
43%
43%
Af-N
J-J
~1
8
100% 100%
A-O
■42%
34
42
.
130%
130%
J-D
,1956
1st gold 4%s
40%
34
A-O
89
102
.,,1950
Corporation—
Boston & Maine
M
3
C—-I960
series JJ
Y,
.,1961
1st mtge 4s series RR
,,.,—,1960
Ainc mtge 4%s ser A—,
July 1970
48%
90
73%
.98%
M-S
1st
'
74
18
'
83%. 84
2%s_.
3'As series F_.
3s series G_
mtge
Consol mtge
A-O
1951
1st 3%s
'70
85%
56%
86
Pa 5s series
Loan
Bethlehem Steel
45%
Consol
—,190.1
Indus
debentures
2%s
103
35
4
43%
42%
-
100%
11
102% 103
42%
84
J-J
,,1951
43'%
A-O
83%
—1951
:
stamped
42%
F-A
1940
"57
85%
85%
43%
*50
200
82
J-J
J-J
Af-N
72
68
1959
1947)
87
87
84
72
,—1950
4s
High
isuio
64
87
due
31
w
January 1
no.
138
M-N
J-J
1
Bangor & Aroostook RR—
Con ref 4s
26
12
Range Since
Sold
High,
W Va System—
J-D
J-J
Bonds
Friday's
Low
Toledo Cin Div ref 4s A
26%
Y.
or
,
S'west Div
,32
12%
22%
Last
Sale Price Bid <& Asked
(Continued)
Ohio
to Jan
60
*21
Ref
.'24%
H%
-
—
'24%
28
*20
J-J
&
fgh L E &
■
*31%
A-O
)—2001
—
■
21%
*15
(State of)—
Rio Grande do Sul
-if-
-
Baltimore
A
Stamped pursuant to Plan
(Int reduced
•
*25 '.
'
,_
A-O
7'/2s—,1952
Queensland (State) extl 6s—.—;—1947
8s__
21%
'
(City of Greater)
'Cltv of*
21%
20%
A-O
—
Janeiro
*104%
J-D
Period
105%
Teletype—NY 1-310
Week's Range
Friday
Interest
ExchaDg#
Stock
New York
York 6
New
Bell
BONDS
97
104%
M-S
A 8s
Exchange
Telephone—DIgby'4-^933
94%
87
96%
M-S
AExu
90
*92'/2
J-D
Slock
*92 V2
Af-N
York
Broadway
61
■
88
83
89%
,,,1953
Apernambuco
de
98
*86
series B—.
1967
(State of) 7s—..—1947
A Rio
Members' New
-
98%
94
97%
97 '/4
:
PFLUGFELDER, BAMPT0N & RUST
96
97
da—,,,1963
mod 3'As ext to,,
1994
Prague
100%
,
1 os ser A-iyoJ
I Rep;
Ext sec ref 3V2s
A
100
noo
M-S
Aperu
100
98
99
M-S
Stamped assented
Stamp
100
93%
93
A-O
.
42%
89
99%
___1970
sink fund 4V2S
Cityj
•
APttnmna
A
nos
99
'
103
92
*100
r-a
'
'
Railroad Reorgiinization Securities
42%
32
5
J~D
A-O
Municipal Bank extl s f 5a
40
,
.
——-1965
;,__1963
4'/4s;
extl loan,.*
fund
4s sink
'
4'/aS——,1956
fund
sink
■
—-1957
1958
-
(Kingdom of)
Norway
■„
40
39Va
"39'/2
i
High
32
1
M-N
1959
(State)—
f 5s—
s
Low
40
40
M -S,
*
,—1952
7s
;
Wales
South
MS
1958
;—.—
ASec external s f 6%s
New
Vo.
Utah
Low
'
January 1
(State)—
Geraes
Mlnas
'
Sold
Bale Price Bid & Asked
Period
Range Since
Bonds
of Friday's
Last
Interest
Stock Exchange
OCTOBER 0
ENDING
Week's Range
Friday
BONDS
New York
WEEK
FOR
RANGE
& Pacific Div'4s
1989
,1999
1969
.T9G9
J-J
J-J
105
68'A
J-J
67'A
*103'A
J-J
__
44
104% 105
r* 103 %
68%
1.093
101% 107
63'A
77%
—
103
104
103'A
--
104
■
THE COMMERCIAL & FINANCIAL CHRONICLE
1546
NEW YORK BOND
RANGE?
Friday
BONDS
Last
Interest
Stock Exchange
New York
Week's Range
or Friday's
Sale Price Bid & Asked
Period
1st
Railways
part paid-
tSAChicago
of
certificates
a
deposit—
J-J
—
1934
.1952
——1960
Chicago St L & New Orleans 5s—1S51
—1951
Memphis Div 1st gold 4s—
1951
Chic T H & Southeastern 1st 5s—1960
A Certificates of
§ADebenture 5s——
.
series E_—
ref 4Vis series B
&
1st gtd 4%s
gtd 5%s
Cleve Short Line
Union Term
gtd_;
1st s f 5s series B
f 4Vis series C—
1st gtd 4s
Colo Fuel & Iron 5s inc mtge
Colorado & Southern Ry.—
Coai River Ry
7
72%
741/4
41
59%
78 Vi
59
Gen
92%
77
72
106
.
Columbus
..
debs
V
109
•
82%
85
11
53
22
59%
108
108%
*108
t § A tiousatonic
111
112%
Houston
101%
Hudson
Coal
Co
Hudson
&
101%
101% 101%
101% 101%
88%
14
%
72%
70%
68%
110%
57 %
312
f
70%
95%
70%
95%
101%;
99%
'110
72
95%
9
53%
2
107
*108%
108%
106
107%
Extended
107
1st
84
103 Vi
102 Va
loo
101% 103%
97%
99%
94%
95
13
83
58%
9
52
64%
105% 105%
105%
96
28
103
106 %
105 %
14
105
>
110
110
14
\-
:
108 %
113%
105%
32
114%-
113%
10
114%
105%
111
J- J
101%
104
-ft'
104%
50
'•
J-J
"••2
49%
*46%
50
45%
M-N
105% 105%
M-JV
45%
59
46%
M-N
109% 109%
108
A-O
10
108
109
49
•
SAConsoi
Assented
A
107%
Vi
Plaines Valley Ry—
-•
95%
5
31
38%
'ftL
3
59
61%
46 %
40
100
107 Vi
*103%
95%
94%
106
51%
53%
*54
103%
79%
1st
106%
20
105%
M 4s series B
53 Vi
176
45
46
55%
41
41
3%
46%
47%
58
40%
108% 108%
106%
109
106% 106%
*45
25
84%
607/s
84%
74 V
73 %
82%
74 :-
17
58
79
M-N
81%
79%
81%
22
60%
83
87
84%
87
69
67%
90
F-A
65%
63%
66
310
150
*100%
J-D
1st
ft
48%
71%
97
*92%
J-J
101
79%
■'
92%
78%
78%
98
J-J
111
& Iowa
1st
F-A
1st
J-D
90
79
•
71%
68
J-J
65%
J-J
■
96%
ft'
74%
249
68 Vi
145
91
76%
52%
2
98%
68
♦III
57%
1
78%
74
104%
44
72%
110%
106% 106%
A-O
"9
•
104
104
Af-S
90
-
ft 96. -
74
J-D
,—1950
mtge 3s series F—1961
111
1
'•v
104%
106%
47%
61%
145
19%
20%
131
16%
52 Vi
49%
52%,
102
43%
gold 5s series C
57%
J-J
52%
49%
52%
8G
.43%
57'A
deb
A-O
67
63%
67%
209
56%
J-J
A,—July 1952
B
El
56%
20%
J-J
1956
series
A-O
1953
6s
5s
series
96%
—,1963
gold 4s„
6s—, — ,1944
Paper 5s series A k B,__1947
54%
J-J
103%
103% 103'%
M-S
108%
108% 109
M-N
90%
91%
F-A
———1955
91%
93
92%
M-S
.,1959
J-D
103
105 Va
109 Vi
97%
102
100%
103
100
74%
95%-
88
77%
96%
5%
*4%
69%
105
2
93
,1951
56
2
105
*103
J-J
24%
23
101% 101%
F-A
Teleg deb gold 4%S—.,1952
Frankl & Clear 1st 4s
&
Laughlin Steel 3%s.
25
6%
50
3
5%
1
108%
104%
41
T
108%
7
103
2
40
x41
107% 108%
107 %
City
25
98%
102
Plain
J-J
J-J
106%
58
24
24 Vi
107
108%
47
107%
115
101 Vi
103 %
106
106%
106%
99%
36
96%
2
82%
80
100%
102% 103
10
99%
103 Vi
105%
105% 106
36
101%
106%
281
64%
843/4
M-S
106
82%
106
1st 3s„_1950
a"o
88 Vi
.—.Apr 1950
4s„_——1960
1st
J-J
ref
88%
85%
,
86
102 %
89
84%
88%
88%
89
84%
105 Vi
*64Vi
72%
89
88
14
71%
120
69%
89
62
72%
89%
3
105%
109%
114%
119
*118%
68
J-J
*101'/a ft
51%
*100
J-J
*95'%
J-J
Vi
69
91%
—
100%.
98
.
102
90%
94%
* .ft
172%
175%
„ft
107 Vi
109%
A-O
*168
J-J
*108%
J-J
..—1954
:
105%
J-J
J-J
—1961
85
86
J-J
.——1961
6%s__:_
ft.
89
*108 Vi
109
110'/a
M-S
105% 105%
ft
7
105%
108
104% 105
v
4
102 %
105%
tAKreuger & Toll 5s ctfs
M-S
10
3%
5%
Laclede
Gas
1
102
1959
Light extd 5s.—.——1945
Coll
&
ref
Coll
&
ref 5%s series
Lake Sh
3%s
5
5
5V2S series
100
A-O
»100
—
& Mich Sou
gold 3 Vis.
registered,,,,,
■
99
100%
1953
C.
D
F-A
100% 100%
42
98%
100%
I960
F-A
100'% 100%
2
98%
1997
J-D
*105% 105%
93%
105%
1997
J-D
100 % 100 %
89%
100%
100%
mtge income
107
1975
reg„,—
f 4%s
53%
Deo
A
1954
J-J
sink fund 4%s series C
;_1954
J-J
*105
s
105'%
105
Lehigh & New Eng -RR 4s A——
Lehigh & N Y 1st gtd gold 4s..
1965
A-O
3
100%
M-S
99%
55%
56
49
105'%
29
97%
105%
97
105
..ft'
*103%
1945
Lehigh Valley "Coal-Co—
67
•'>;
-
/
1st, & -ref sink fund 5s—
'
'■
—1954
5s, stamped——L—
1st
97%
102%
81%
98%
102% 102%
102'/a
Lautaro Nitrate Co Ltd—
150%
98%
:<
A-O
M-S
111
110
115
96%
ft 82%
A-O
,1936
unguaranteed
& Tef sink fund
5s.
■1st
T.phieh
84%
96%
*85%
71
85
65 Vi
85%
70
80
65
83
96%
*83%
F-A
1974
1954
ttnllpv
N
Y;
4%S
ext
S6%
—
*83%
F-A
^.,1950
Lehigh Valley RR—
«
4s stamped modified—
86
*86
.,1974
j
Harbor Term gtd 5s_—
99%
86
F-A
1964
5s_.—
^tamped,——
Leh Val
104
95
*96
1964
&-ref sink fund
100%
99%
F-A
^,1954
5s_——
stamped.,,,:
5s
-1995
1,
—————„—
1st
103
148%
*106
103%
54
*102% 103
99%
83%
95%
Ry—<
Kings County El L.& P 6s——i.—1997
Kings Co Lighting 1st 5s—
1954
•
105%
M-S
58%
41
34
108%
*150%
J-D
J-J
Term
Lehigh Coal & Nav
115
134
102% 102%
102%
107 %
*107% 108
40,
A-O
City Fort Scott & Mem
111%
36
103
.
82
78
82
J-J
Koppers Co 1st mtge 3 Vis
—1961
Kresge Foundation 3% notes——1950
111%
50
25
1961
Kentucky Central gold 4s__
.—.1987
Kentucky & Ind Term 4%s_—,,1961
Stamped
1961
56%
108
10
108
J-J
'
70
62%
99
Kansas
55%
4%
3%
A-O
mtge inc 4Vis series A,—
-1971
Ohio Div 1st mtge 3 Vis
Gen
J-J
64
y
M-N
,1952
—1953
—
5
109
-1965
—
80
I1953
Zl966
Kansas City Southern Ry
Ref & impt 5s„
106 Va
3%
M-N
..2015
cons
82%
97%
;
56
k
99%
A-O
-1962
M-N
,1955
Kanawha & Mich 1st gtd gold 4s__1990
103%
85
__
4%
108%
..1965
Empire Gas & Fuel 3Vis———
Erie Railroad Co—
83 Va
99
Cons
,
79%
59
95%
47%
J-J
J-J
..1970
83%
100
*73
/'A 1st
—
A-O
52
e
stamped—
96%
J-J
4%s
A-O
5s
97%
2
81/
Af-S
...
102
2
97%
97%
1952
JAlowa Cent Ry 1st & ref 4s
108%
37/a
J-D
J-D
J-D
Af-N
M-S
A-O
El Paso & S W 1st 5s
'
.,—1951
3%s__
Debentures 5s_.
102%
105%
107%
5
F-A
V
;
■
100
ft
100
J-J
A-O
73%
"
..1950
1951
;
§ARefunding gtd. 4s,,.
ACertificates of.deposit,
M-S
debs,—
Elgin Joliet & East Ry 3 Vis
103%
54%
*59%
ref 3s series H
Elec Auto-Lite 2%S
101%
100
62
101% 101%
101%
y*~
1978
A-O
ft/ft'* ftft .ft
(NY) 1st cons gold 5s__ .,1995
91
82%
44%
Af-N
A-O
Ry Minn Nor Div 1st 4s_„ .,1948
& Ga Div 1st 5s,_ .,1956
103 Vi
103
*101%
J-J
1947
103%
46
103%
J-J
67%
James
ref mtge 3%s
Ed El 111
34%
5
Int Telep &
\
East Tenn Va
26%
77
Jones
Edison 4s series
East
177
53
J-J
J-D
-1965
72%
28 Vi
x26%
77
68%
A-O
Atl gold 5s—1937
55%
J-J
58%
&
1st M 3Vis
27%
130
65
39
&
t§ ADul Sou Shore &
117'/a
3
62 Vi
72
59
Gen
DuQuesne Light
72%
116
116%
61
59%
41
J-D
F
—1965
series G—1966
—,1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
—1995
Detroit Term & Tunnel 4%s
1961
Dow Chemical deb 2Vis
———1950
Dul Miss & Iron Range Ry 3V2S—1962
56
116
/
:
61%
A-O
105%
86
5
62%
Gen
Detroit
'ft,
72 %
71%
8
55%
44%
,
M-N
72
95%
85%
103
3
*59 Vi
--
Chic & N'western Ry.
See
138
12
Vi
Internat
103 %
101
Western RR—
ARef & impt 5s series B—
Des
130%
1
95%
95%
73%
55%
.
111%
74
*71%
J-J
——1955
110
__
*104% 105%
F-A
Ref sink fund 6s series
A——1955
Int Rys Cent Amer 1st 5s B
1972
1st lien & ref 6%s,_
111%
49%
45
1949
gold 4s_
§ Alnternat Hydro
109%
108
*44 Vi
———•——
Vi
74
J-D
J-J
tDenver & Rio Grande
AGeneral s f 5s
98
72%
J-J
4%s———-——1936
cold
88
98
137% 137%
95 Vi
,1957
—
A 1st
:
112
53%
49%
Vi
J-D
—,—1951
—
A 1st
ft
10
102% 102%
44,
——1936
consol 4s—.
§Alst
17
66
J-J
A Adjustment
Vi
•20
*102% 103
J-D
.
4
—
*110%
Jf-N
JAInter-Great Nor 1st 6s series A,1952
r
58
104%
109%
5
*107% 109
M-N
Light 3s—,—1973
&
Power
69
101%
89%
F-A
Inland Steel
59%
13
50
49
v
———
& Rio Grande RR—■
106
12%
.
25
83%
82%
..
M-N
tAInd & Louisville 1st gtd 4s_—1956
Indianapolis Union Ry 3%s ser B_1986
D
Delaware
101%
*97 Vi
j-j
Bridge gold 4s__
JKansas
tDenver
83%
Af-N
1962
5s A
1st & ref 4%s series C„
Power Co—
3s—-— 1970
Dayton Union Ry 3Vis series B—1065
Delaware & Hudson 4s extended—-1963
15
;,1951
Ind
105%
Dayton P & L 1st mtge
101
J-J
Western Lines 1st gold 4s
1951
111 Cent and Chic St L & N O— Z*'
r
Joint 1st ref 5s series A
—,',,1963
111
109%'
1953
91
76
65
12%
Springfield Div 1st gold 3%s—1951
110
109 Vi
-i.
107
.
A
St. Louis Div & Term
gold 3s
Gold 3V2S—
103%
ADeposit
Curtis
■ft:/.
Z,;.
119%
.—,——1951
106 %
105%
receipts—
Publishing Co 3s deb—
105%
12%
101
J-J
.—,^1950
gold 3s_,—1951
Louisville Div & Term gold
3%s_1953
Omaha Div 1st gold 3s,:
,____1951
47
112% 113'/a
107
trust
Litchfield Div
109
113%
110
*114
103%
108%
J-D
105
•
*69
12%
J-J
,1969
Refunding 5s__—
40-year 4%s
57%
95
lines
Collateral
102
102
1
3
-1950
debs,
1955
§ ACuba Northern Ry 1st 5Vis——1942
A Deposit
receipts
ACuba RR 1st 5s gold
1952
ADeposit receipts—
—
A7%s series A extended to—1946
ADeposit receipts
—
----A6s series B extended to
1946
105,%
Feb
___1999
trust gold 4s_.
Purchased
99%:
75%
290
99%
*101%
45
2 Vis s f debs
j-j
"
104
Crucible Steel 3!4s s f
1st
Refunding 4s—a—,
106% 106%
Co
Crane
103'A
series
gold 3s sterling
Collateral
105%
104%
——^1970
a.———1966
l»o9
101%
1952
3%s
109%
106 %
—
38
—
gold
92%
J-D
mtge 3 Vis
1st
95
J-J
mtge 3Vis
101ft 101§i
,
ft,/
3%s,_u_
20
debentures—.—
mtge 3 Vis-—-.
101 Si
—1951
62
108
1st
J-J
Feb 1957
109%
105%
1st
106%
gold 5s,___
105%
102%
1st
102%
—1954
5s
109
102%
—--J9®®
f
s
1st
104
53
——:
1st
109 V
38
3 Vis—
437
debs
105 %
103% 104 %
mtge
4Vis
Manhattan
1st gold
103% 103%
A Debenture
•; 103 ft 105 ft
2015
1st gold 4s
103%
Consumers
104%
Ry cons gold 5s_,_1937
Gas
107%
10
109%
105% 105%
J-J
Oil
106%
107
107
*108
*103% 104%
4s———— ...1955
1956
4s_
——
111%
J-J
Illinois Bell Telep 2%s series A—,1981
Illinois Central RR—•
ft 107
107%
„
*113
..,1954
98%
77
106%
103%
deb 4s.
111
95%
82
15
A-O
Ry non-conv
126%
100
111% 111%
AAdJ Income 5s!
A-O ft
A Debenture
119%
105%
111%
81 Va"
..,1956
t A Con sol
111%
111%
'
108 % 108 %
'
105%
29
J-rf
Hooking Valley Ry 1st 4%s
,__1948
1958
7
75
126% 126%
H
111%
debentures—
3Vis debentures——
Consolidated Oil conv deb 3%S- .,,1951
105% 105%
101 %
119% 119%
119%
109%
111
J-J
Cigar 3 Vis s. f. debs_1953
Consolidated Edison of NeW Y01'
101-%
32
stpd
110
J-J
J-J
F-A
v
Consolidated
3Vis
5s
*111
J-D
4—1958
<—1951
1ft1961
1st & ref 4 Vis
3%s; A
y
107%
1367
,
106%
110% 110%
M-N
71
104%
*102%
:"";-
Feb
*106 ft
J-D
A-O
32
48
4
19
72
7
_
3Vis,—
M
105
87
68
ref Term
71
High
22%
118% 118%
B„
Ship Island RR—
&
132
118%
mtge inc 5s series A
&
30%
J-J
Gulf States Util 3%s series D_
86%
82%
105 %
--U-1968
River Power s f
3Vis
Gen
1st
55
ctfs
Low
101%
105% 106%
.
J-J
January 1
38
70%
71
J-J
Range Since
Sold
No.
——1946
H
series
Bonds
High
30
J-J
"
;<
Mobile & Ohio 4s series B—,1975
Gulf
104% 108
67
A-O
M-S
F-A
1st extl gold
3%s series I
Conn Ry & L
108
104
5
1961
1952
1973
mtge 3%s series 1,
Cairo
Commonwealth Edison Co—
mtge
102%
11
83
M-N
1961
4s__1948
& Sou Ohio El 3%s—-—1970
& Tol 1st extl 4s
1953
Columbus
Gulf
57
83
Debenture 5s
Columbus & H V
mtge 4s
Gen
110%
106%
Friday's
104% 104 %
106%'
J-D
AGreen Bay & West deb ctfs A
108%
82%
F-A
J-J
A-O
A-O
A-O
A-O
•
4Vis (stamped modified)———1980
Columbia G & E deb 5s—
May 1952
1st
85 ft
91%
A
B__y_C...
J-J
J-D
—,,,1976
General 4 Vis series E_.
1977
General mtge 4s series G—
1946
89
64%
23
83
series
;
General 4Vis series D_
.
—1977
1981
1961
1972
1973
—1977
—1945
1970
General 4Vis series A—.
107%
30%
General 5s series C
,
84
—
105% 106%
107% 107%
M-N
F-A
,
Conv
100
72%
106%
J-D
J-D
J-J
J-J
M-N
J-J
——1993
1977
Cin Wab & M Div 1st 4s
1991
St L Div 1st coll tr gold 4s—1990
Cleveland Elec Ilium 3s
—1970
Cleveland & Pittsburgh RR—
Series C 3'/2s gtd—
1948
Series D 3%s gtd———
1950
General 5s series B
Ref & impt 4Vis
Conn
90%
98
Northern 4%s
General 5Vis series
/
11%.
Hudson
3%s series E——1969
1st mtge 2Vis ser G_—
—,1974
Cleve Cm Chic & St Louis Ry—
General gold 4s_
—
-1993
1st
31
J-D
A7-N
f-A
F-A
1st gtd 3 Vis D—1971 V
mtge gtd
s
51 %
7%
*106% 106%
A-O
A-O
M-N
F-A
—1966
——-—1967
mtge 3%s.._
Cin Union Term
1st
46%
39 Vi
9L>
J-J
M-S
—1943
1957
-1952
JgAChilds Co deb 5s———
JAChoctaw Ok & Gulf cons 5s
Cincinnati Gas & Elec 3 Vis
Gen
36%
136
*69
J-J
Great
700
74
.Oct 1 1945
75
249
81%
104%
67%
9%
82%
J-J
75%
48%
96%
,1949
t§AGa Caro & Nor 1st ext 6s__—1934
Goodrich (B F)
1st 4%s___
1956
Grays Point Term 1st gtd 5s
1947
43 %
*83
J-J
J -J
1952
1962
1st & ref 4 Vis series D_
Cleve
81
8%
—
—1963
1963
mtge 3%s series F—
Chic & West Indiana com 4s—
1st
Castings 5%s__
JAGeorgia. & Ala Ry 5s_
47%
98
Steel
61%
75
or
Low
ADebentures
1st
1st
63
93*
Week's Range
Last
Sale Price Bid & Asked
Hiah
42
8%
Friday
Interest
Exchange
Period
Union Station—
mtge 3%s series E_
1st
Low
New York Stock
January 1
48
M-S
guaranteed 5s——Dec 1 1960
deposit—
—
Income
Chicago
Range Since
Sold
42 %
A-O
M-S
M-N
J-D
J-D
J-D
J-D
gold 4%s———
3'/as—
Gold
Bonds
72%
*—
—
§ASecured 4%s series A—
AConv
71%
72%
(i
BONDS
64%
64%
F-A
—
RECORD
OCTOBER
Gen
gold 4s__—
§ARefunding
ENDING
stpd
5s
—1927
tChicago Rock Island & Pacific Ry~AGeneral 4s —...ft,——~—.1988
25%
WEEK
No.
Hiah
Low
FOR
Monday, October 9, 1944
J-J
62
63%
28
56
69%
70%
63%
71%
42
64%
80 Vi
36%
38
33
44%
.
4s
Firestone Tire & Rub 3s deb
1961
Flintkote Co 3s debs
1958
Af-N
103% 104
Af-N
14
102
104 Va
102
*103% 104%
103%
117
133
fAFlorida Cent & Peninsular 5s__,1943
J- j
130
130
tFlorida East Coast
1959
J-D
100
100
1
98%
100 Vi
1974
AT-3
51
60
42 %
593/4
A 1st
A
Food
&
1st
4 Vis
ref 5s series A__
Certificates
of
49%
deposit—,
Machinery Corp 3s debs,
48%
48%
,1956
J-D
,1956
M-N
*103%
50
T
4
42
103
56%
'■
5s
2003
registered—
4Vis
*V2S
38
35
35
10
32%
M-N
41%
40%
41%
81
36%
48 Vi
40
..—2003
registered—
39%
40
35.
46%
47%
48%
67%
69
—2003
stamped modified—
:20G3
Lehigh Valley Terminal Ry ext 5s_1951
Eastern 1st 50-yr 5s gtd—1965
Liggett & Myers Tobacco 7S—
;1944
Lex &
5s
M-N
2003
stamped modified
debenture,,—
—1951
r
M-N
A-O
69
A-O
244
8
30
106
*126
64%
.
57
78
123%
121
120'A 121
9
127%
100 Ji
A-O
F-A
42%
43%
104ft
103
....
102% 103
23
97%
120
122%
103%
Little
^^1962
M-N
103
Long Dock Co 3%s ext to—
1950
A-O
Long Island unified 4s__
Francisco Sugar coll trust 6s_
1949
M-S
103%
106
1949
M-S
106
106
106%
63
104
106%
3949
M-S
105%
105% 106%
25
104
Miami
Guaranteed
4s
Gas &
Elec
General
4s
For
of
Berg Co
Realty
conv
inc
5s
footnotes
see
page
1949
J-D
1969
cons
Utilities
&
M-S
1548.
3s
66%
66
68%
379
66
68%
ref
series A—
—
gold 4s
stamped
Lorillard
Corp—
debs
4s
gen
(P) Co deb 5s__
debentures
Louisiana & Ark
*106
101%
102
107
1951
5s
series
A
F-A
119'A
119% 119%
3
.1963
___:
1st
*108%
.*102
A-O
103%
103% 103%
16
1969
J-J
101 Vi
100% 101%
83
106
106%
118%
120%
102
104iy
93%
103
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
160
Volume
YORK BOND RECORD
NEW
WEEK
RANGE FOR
Last
Interest
Stock Exchange
if-3
.2003
A-O
107% 107%
.2003
A-0
106
Lou
Co gtd 4s
Jeff Bridge
&
Louisville & Nashville RR—
series B_
1st
&
ref
1st
&
ref 4'As series
5s
.
C
.—
.2003
& ref 4s series
D—
1st & ref 3%s series E—_—. .2003
1st
,
3'As series A ext.—.
ext.—
Unif mtge
Unif nitge 4s series B
<
J-J
Mob
&
.1945
.1952
105% 106
102 ft
12
102 je
105%
Div 4s
—
:■
■
•
-
104%
100
94%
"
*102%
103" ?
13
*112%
104
101%
■
105%
105
105%
M-N
.1955
103
106%
112
' '
113
; *
■
M
Manati
A-O
102
Shovel
s
Stamped
...
3%
1955
M-S
Central—
1951
*99
M-N
1969
Michigan Cons Gas 1st mtge 3'As.
*60%
A-0
J-D
~2
'
100
/ 85
J-D
85
,
;W":
{Minneapolis & St Louis RR—
1949
A 1st & ref gold 4s
.
ARef & ext 50-yr 5s series A— 1962
.
Q-F
.,,
10%
7%
*4%
5V'a
\
3%
;
'•
'
47
29 Yg
1938
J-J
47%
47
47%
252
30%
J-J
45%
44
45%
87
29%
—
;
{AMissouri-Illinois RR 1st 5s—_ 1959
1990
Mo Kansas & Texas 1st 4s_.
:•
J-J
&%
5
Power
8
1962
68%
Ohio Edison
Ontario
7%
1962
40-year 4s s°ries B
——i
Prior lien 4%s series D—__ .1978
5k series A—.Jan 196-7
adjust
A Cum
&
Elec
Transmission
Ore Short Line
45
66
44%
47
A-O
60%
47
64%
192
64%
J-J
/,
1st
/
57
36
57%
125
116/
Pacific
Coast
Co
1st
95%
62%
60%
60%
60%
79%
76 V2
80%
113
61%
84
99
96%
99
340
80%
99
88
30
1st & ref mtge
.1977
M-S
68%
67
68Vi
539
56%
73
1st & ref mtge 3s series J
.1978
M-N
68%
67
68%
147
56%
72%
1st & ref M 3s
.1949
gold 5 Vis—i—,—
ref gold 5s series H—. 1980
M-N
11
10%
11%
170
9 Va
13%
A-0
68%
67
68 %
70
56 Vi
72%
&
.1981
—
F-A
68 Vi
67
68%
220
56%
72%
Paducah & 111 1st
gtd gold 4s___.1991
M-S
67%
67%
69
r
60
73%
Panhandle East P L 3s B
F-A
A-0
.1965
A-0
1st & ref 3%s_—.1966
.1951
Tramways 5s ext....—
J-D
Montreal
J-J
*95
2
107% 107%
—.........
Power
Montana
104%
■
108% 108%
.I960
debentures
6s
'
*106%
6
.1958
(John) & Co 3s debs..
Morris & Essex 1st gtd 3'As——.2000
Morrell
1
112
112
112
Ref
111
114%
94%
96
6
67%
137
107%
110%
108%
107% 109
100% 100"%
55%
58%
169
48%
66 Vi
■'78
47%
69 Vi
.1955
M-N
60 Vi
gtd 5s.
59
109
112
61
109
2
43%
1st
112
F-A
Dairy Prod 3Vis debs...
-I960
Distillers Prod 3Vis—.—1949
Nat
Nat
1978
3 Vis sinking fund debentures
Steel
National
1st
..1949
3s_—_.__1965
mtge
{ANaugatUck RR.lst gold 4s
'
Newark Consol
1954
Gas cons 5s„.1948
England RR gtd 5s__.
__1945
A Consol gtd 4s
—_1945
New England Tel & Tel 5s A
.1952
1st gtd 4 Vis series B—........1961
N J Junction RR gtd 1st 4s__._-_.1986
New Orleans Great Nor 5s A
1983
N O & N E 1st ref & imp 4Vis_._—1952
New Orleans Term 1st gtd 4s
.1953
{ ANew
,
,
8.9 Vi
49
90%
3-D
107
M-S
102%
102% 103
5s series A——1935
§ANon-cum inc
of
ACertificates
A 1st
A 1st
ACertificates
A
1st 4Vis
/
A-O
105
105%
9
103 %
105%
Conv
99%
*104%
J-D
93
ll
/ 84 Vi
93%
114% 115
115
13
114%
117%
6
122 Vi
124% 124%
M-N
F-A
:
105
J-J
104
105%/
:
8
5Vis
series
A___
of
93%
67%
A-O
Pere
105%
1958
F-A
79%
24
71%
84%
Phila
78%:
37
71%
82%
1st
81
5
72
82%
78%
2
71%
81
78
79%
63
69
—1954
a"o
:/ 83%
84
73 Vi
N
85%
F-A
72%
73%
73%
183
59
A-0
68 Vi
66
69
576
56%
A-0
74%:
72
75 Vi
451
63
81
87
secured 3%s__
& Hud
Cent
11952
New
3s
series
series
C
Dock
1st
lien
&
&
Harlem
Mtge
4s
5
33
78%
74 Vi
96%
Series
78% '
91%
Series
69%
84
Series I
Series
79%
Gen
mtge 5s series A.
73%
Gen
footnotes
J
95%
107 Vi
Pitts Coke & Iron
87
102%
Pitts
1966
—i.1949
A-O
101%
*101% 101%
23
107
96%
35
106% 106%
8
'96
107
110% 110%
F-A
109
40
M-S
,
*109
110
'/
16
110 V'a
Pitts
115%
1st
111
109%
104
102
J-J
*107% 109%
101%
..1973
M-N
75
76%
23
1973
M-N
84
84%
5
.
110'A
75
J-J
50%
51
56
51%
48%
48%
5
49
__
49%
6
51%
51%
54
series
gen
1st
103
4'As series D
Pittston
5s
Co
5'A
inc
227
83%
77 ./
89%
•
46
60%
45%
60
45%,
59%
61'
46'A
'
95%. 103%
11
87%
97
98%
91
82
98%
106%
106.
J-J
M-3
106
J-J
■
/
-_.■
,
.
•
.29
•
:-7- "
■
52
38
46%
61
49
50
28
45 Vi
59%
1st &
56
57%
51
50%
64
1st
& ref
mtge
5s
86
87 Va
33
82
94
1st
&
ref
mtge
:_
23%
23%
23%
66
.
M-N
104'A
29
17
:
101 %
F-A
105%
109%
106%
111%
2
101%
104
,
*103 %.
F-A
F-A
177
——1974
1977
deb—.——1964
4s_.
16%
31%
1972
2037
2037
J-J
M-N
J-J
J-D
1968
A-0
3'As——1968
ref mtge 3s_.
Public Service
.1—1956
—
of Nor 111 3 Via
_
M-S
J-J
J-J
F-A
J-J
M-N
M-S
,
18
104%
11
■__■
16
72%
7%
■'
6%
106%
19%
14
101%
103%
r-
100'A
104
104 %
112 %
112%
*112%
112
113%
*114%
113%
115
*122
122%
123'A
*123%
123
124%
126% 127'4;
129
105%
15
116%
127%
128% 129'A
105% 105%
24
116
28
105%
129%
107%
102
105
~1
102 %
105%
11
101%
105
10
59%
*104%
104%
104'A 104%
104'A
104
73%
>
76
76'A
76'A
3
58'A
74%
76%
75
5.
58
*106
93
104'A
83
,
103
85
109
—
1
103
*—
121'A
86
93%
104% 105%
95
99%
101
105%
22'A
5
*99% 103%
109'A
113%
26
113%
100'A
17
*106% 107'A
100%
110%
106% .197%
1'47
—
*222'/a
103
30%
98'A
110
*110
*148'/a
106
108%
'
102% 102'A
22%
83
107 %
121'A
*113
102%
83%
107
107'A
*122
J-D
J-J
C
14
17'A
%
17%
31
104'A 105%
1
104
J-J
M-3
J-D
3-D
J-D
A-0
A-O
•
•
*112
M-N
J-D
A-O
1950
1950
38
261
71
29'A
101 V'a 101%
M-N
F-A
3-D
M-N
132
126 Vi
19
: '
104'A 104'A
17
107
37
103'/a 103 %
68%
103 'A
121
~5<
109%//
105% 105'%
M-S
J-J
s
8s
1548.
.
F-A
J-D
Public Service El & Gas
50 Vi
M-N
/
131
■
106'/a 106'A
%
71
M-3
.1949
108%
109
J-D
.1973
106%
:..
126'A 126%
-*i3i%
J-J
B
{AProvidence 'Terminal
57
IIIII1957
53
82
97
-
_
50
A-O
81
107
97 %
.1961
1960
1950
Potomac El Pwr 1st M 3'As——1960
1st mortgage 3'As
1977
Pressed Steel Car deb 5s
—1951
{AProvidence Securities 4s_.....-.1957
J-J
I_II1940
105%
5
96%
.1977
Elec
J-J
M-N
23 %•
98%
■
1st 4%s
1st 5s extended to
Portland Gen
1949
....1956
112%
*55 Vi
102
50%
104%
96'A
110%
71
*'
50%
99%
,
%
71'A
F-A
4%s A—..1952
series C
1st
105%
*106
*107% 110%
M-S
105%
M-3
J-D
...—1959
1960
Young & Ash 1st 4s ser A—1948
gen 5s series B
—.——.1962
1st mtge 4%s
107
J-J
M-N
97
61
44'A
,
125
J-J
,
1st 4 %s series A—.1958
1st mtge 4Vis series
106%". ,109%
.2043
_
103 % 104
;—„—1977
conv
mtge 4%s
1st mtge 4Vis series B
97 /•
78%
1st
Pitts & W Va
114
11
108
*114% 114%
J-D
102%
105
Steel
3'As.—.1956
page
.104
——.1970
—1975
4Vis series C_
114
406
.1955
see
A-O
guaranteed 4%s__ 1964
cons
100% 102 V'a
4s
_
117
mtge 5s series B—...
1947
6s
117%
105%
————1963
4'As
cons
78%
A-0
trust
106
27
4s
63
M-S
4s
39
116% 117
guaranteed—.....1945
.—1949
guaranteed gold
1953
G 4s guaranteed
-1957
H cons guaranteed 4s—1960
F
107% 107%
E.;
4s„_
116% 117%
4s
D
62%
96
107'A
104% 105%
Series E 3Vis gtd gold—;
Seri>s
65
A-0
98'A
117
deposit
2
1954
For
of
16
107%
109%
109%
108
117
*14
39
2000
.
46
105%
.1937
1st s f 4s
107 Vi
-
6s
106% 106%
106%.
J-J
3s_—— ..196?
.—-j .1963
67%
3Vis
§ A Collateral
—
102
series A
certificates
106%
108
A-O
...
—
73%
.1947
A Debenture
6s
debentures
Series
81%
101
.2043
AConv
20
15
A-O
.1971
—.
2%s
mtge
A-0
.
A Debenture
110%
109% 110'A
126
.1967
75 Vi
3Vis
deb
ref
67%
4s__-
deb
110%
118 %
& ref >3Vis
1st
Electric
&
71%
deb
deb
108%
108%
108% 108%
*108% 108%
\
108 'A
.1974
73%
deb
ANon-conv
105'A
34
115%
B..-—
series
5s
67%
ANon-conv
ANon-conv
110
15
109% 109%
109
_._1980
73 Vi
107
109 Vi
106% 106%
3
B——_—...1950
75%
ANon-conv
deb
109%
103'A
series
83%
{N Y New Haven & Hartford RR—
ANon-conv
:/—.■;:
103
F-A
gold 5s_—1948
„
*108% 109%
103%
M-S
series B—
4 Vis series B
106
J-J
J-J
F-A
F-A
F-A
J-J
F-A
F-A
;
4s
101 Vi
111
M-N
M-N
A-O
F-A
-
Ry 5Vis_.„1974
1st series A 5s....1956
gold 4Vis series C__
Gen
gold 3Vis
Lack & West
108
105
110% 110%
*104
106
F-A
—1965
Purchase money gold 4s„_
Mtge 4s .series A
100%
106
.1974
Pow
116'A
*100'4 1031/a
106
.—1978
—
3 Vis series
113%
1947
ext—..
1998
gold 4s
ref
105%
*114
..1984
1998
3%s series D
N Y Gas El Lt H &
103
13
;
.1998
A-0
Y
Y
90
80%
A-0
Y Edison
N
91
95%
v
mtge 3Vis extended to.—.1947
N
Y
94%
89%
95%
78
Connecting RR 3Vis A—.... 1965
N
N
J-J
100 Vi 101
80
A
4 Vis
'
Phillips Petroleum 2%s debs.J_^_ .1964
Pittsburgh Cine Chi & St Louis—
York Chicago & St Louis—
5Vis
1st
101
F-A
...
Ref
1st
-
—1998
registered
Ref
N Y
J-J
1997
....
Mich Cent coll gold 3Vis
3 Vis
M-N
1997
3Vis
River
registered
.
Lake Shore coll gold 3Vis
3 Vis registered—
104
J-D
Union
{§APhilippine Ry
*101%
J-J
C__.___2013
3 Vis
106
104
50
ACertificates
series A—..—1998
Y
110%
106
75
4s
Philip Morris Ltd deb
87
ImDt
Conv
110
108%
110
A-O
AConv deb
78
'
74
12
84
J 78
....
.....—1945
series
108
*106
■
impt 4Vis series A_._;—..2013
4s
21
*109% 110
33
{Philadelphia & Reading Coal—
Aref 5s stamped.
80
68%
&
5s
108% 109'A
109
125% 126
General
81
&
Central RR
108'A
117'A 118%
gold 4 Vis series C_.
Philadelphia Co coll tr. 4'As.„—
Ref
Y
104%
124'A 124%
70%
Ref
N
1
126
75
80
*70'
..—
deposit.
4Vis—
106%
105% 105 %
118%
61
Newport & Cincinnati Bridge CoGeneral gtd
104%
J-D
62
78%
1
10
Apr
Pekin
General
81
F~-A
111%
105% 105%
M-N
-
Phelps Dodge conv 3Vis deb_..__. .1952 :Phila Bait & Wash 1st gold 4s—
7.9%
A-0
109'A
.—I960
Marquette
1st
1'
34,
73
15
4s—__.j;——Apr 1990
Eastern
&
1st 4s
102%
96
311'A
109'A 109%
105%
35
105 %
.
80
1956
—
series D—
of deposit.
ACertificates
94%
102% 102%
J-J
Peoria
88
19
105 %
&
A Income
126
88
*90
J-J
110%
107%
J-D
Peoples Gas L & C ref 5s
95%
92
106%
12.
99%
121
3%s_
deb
Peoria
84
100
4
16
107% 108'/8
,.—1970
1981
gold 4%3—1
mtge 4'As series E
104%
'.••■I'¬
98
99%
106% 107'/a
—1968
116
113%
*113Vi 114 Vi.
92%
25
1952
Gen
<
110%
105% loses
3-D
-
A1968
B.J
series
5s
Debenture
,/
108%
105%
*106
10
M-3
1952
General 4'As series D_
■__
ACertificates
Alst
General
107%
deposit
of.
93
103%
deposit
C
series
5s
deposit
of
82
107%:
92
108%
106'4
106%
M-N
mtge
305%
J-J
105%
106
104
A-O
gold 4s
d__
—1948
4s sterl stpd dollar.'——May 1 1948
102%
92%
104
104
104
104
'*—
J-J
..1974
102%
75
B_—_—————.1954
series
5s
ACertificates
ctfs D...1944
debentures—
12
92%
102%
*102
J-D
1966
D_
ser
12
J-J
110'A
J-D
-
Light 3Vis__—1969
517
107%
{New Orleans Texas & Mexico Ry—
'■■■*
&
102% 102 Vi
J-D
111%
104%
107'A 107%
J-D
.1955
1960
trust ctfs.
M-S
M-N
21%
10814
1
110
110
J-D
3%s series ,C__......1970
Cons sinking" fund 4 %5
...I960
General 4Vis series A—
1965
90%;
107%'
15%
5
19%
*17%
110
J-J
.
Ccnso!
N
4s series A
112 'A
Pennsylvania RR—■
Gen
Nash Chatt & St L
101%
•/•
3%s trust
3%s
Power
4%s
112Vi
ref
&
Penna
65
109
110-
Z
*110% 111%
M-N
100%
110%
J-J
,J
1960
Pennsylvania Ohio & Detroit RR— /
1st & ref 4Vis series B
1981
63 Va
64%
J-D
1
33
J-J
.1966
f gold 4%s
s
Gtd 4s series E
101%
65%
.1947
88
111% 111%
.
M-N
Pennsylvania Glass Sand 3 %s„
96%
100 Va
58
& T 3 Vis———.1968
66
67%
J-D
,.
1971
mtge 3'As series C
Guaranteed
109
M-N
Constr M 4Vis series B_
70%
87
J-J
Paterson & Passaic G & E cons 5s_1949
111%
105%
100% 101
M-N
108%
J-D
Mutual Fuel Gas 1st
series K__
Pacific Tel & Tel 3'As series B
,
107
Constr M 5s series A—...—.....1955
Mountain States T
3Vis series I.
Pennsylvania. Co—
Monongahela W Penn Pub Serv—•
:
ist mtge 4Vis
51
34
J-D
—1970
Monongahela Ry 3'As series B—..
98%
53
85%
J-J
;_1966
ref 5s series
88%
17
85%,
108
22%
Moh'k & Malone 1st
5
153
82
107%
256
•
97
65
82%
J-D
&
A 1st
103%
85%
J-D
26%
AConv
A 1st
92%
85%
J-D
25%
Q_—
229
v "
...1964
26%
5s series
102%
101
!
...1948
M-S
ref
129
121%
65
gold 5s
.1975
&
133%
102%
lsu & ref mtge 3%s series H—1961
72%
A 1st
129
132'A 132%
Pacific Gas & El 4s series G
V
56%
;—
48
69 Va
66
83
ref 5s series F—
47%
40
64 Va
68%
&
89%
34%
*121
F-A
M-3
1961
67
A 1st
82%
48
*129
F-A
j
1946
68%
——,
14
38%
J-J
gold 5s__.1946
5s_.
1946
cons
F-A
4s—.
110%
J-J
:
5s.—.—1945
gold 4s
con
1st
.1985
General
109%
85
84%
X36
*34%
J-J
..1972
.1966
A
31
108%
108'A
75 Vi
31
.
■
...—
18%
162
109%
J-J
.
..._1948
Guaranteed stpd cons
71%
53%
75%
'■
{Missouri Pacific RR Co—
A 1st & ref 5s series A.
111
Q-A
.
.
3%s.______1966
Oregon-Wash RR & Nav 4s
58%
J-J
23%
21%
95
108
2
*109% 110
85
14
87
*108
36%
50%
21
7%
109
109
23
109
Q-J
Q-J
Q-F
1974
1964
1st mtge 3%S—
Gas
Oregon RR & Nav
105
56%
166
73
74%
J-J
8
108
34
15
*91
Missouri-Kansas-Texas RR—
Prior lien 5s series A
20
.
O-A
M-S
1
1st mtge 2%s
(Wisp) 1st mtge 3 %S.,
2
*16
8
22
42
M-S
Co—
1st & ref mtge 3Vis.___.1967
Oklahoma
84
100
v
66%
68%
J-D
47%
73%
37
*105%
J-J
14
6%
84
83
84
J-J
v
4s__1997
§ Alst guaranteed 4s__
46%
45%/,
44
45%
;
105%
106
111%
105%
107%
42
69'A
108
109
105%
5%
52
9
O
50
§Alst stamped 5s gtd as to int.. 1938
1946
A 1st & ref 6s series A
A 1st & ref 5 Vis series B——— 1978
J-J
18%
3%
10
tOgdensburg & .Lake Champlain Ry—
1938
...
_
.
5%
..
consol 5s
§ A 1st
63%
107'A
9%
157
4
*107
105 %
F-A
,
16%
63%
Vi
*108
J-J
A-0
,
12
—
§Alst cons 4s stamped
High
48%
'
Sault Ste Marie
{Minr; St Paul &
Low
90%
A i
10%
M-S
■'•■;/
71
103 J/2
75 Vi
January 1
157
102%
4
M-S
A-0
2047
......2047
series D
States
(Minn)
108%
97
20
56
15
63
J-J
J-J
series
impt 5s series C
Ref & impt 5s
Northern
15%
63%
F-A
F-A
M-N
Ry 1st gold 4s_1996
& ref 5s__.
.1974
A__._._._1974
gen
4%s
&
Ref &
99
55s".
66
100
100
ref
impt 4Vis series A
.2047
,Ref & impt 6s series B-._.._____2047
94
106 Va
32
Ref
105%
73
39
107% 108%
108%
M-S
1940
J 1st ext 5s.
19%
102%
;
88
87
100Vi
95
100%
*
*104
J-J
t§AMilw & Northern 1st ext 4'As__ 1939
ASConsol ext 4VaS——— 1939
A Midland of N
20
*12
M-S
Sag 3'As__
Lans &
111%
15
*100%
&
.1961
4s registered
/
1997
■/.:. Gen lien ry & Id gold 3s_._.Jan 2047
3s registered
L._
2047
103%, 106
108%
1998
2014
A
series
Northern Pacific Ry prior lien
102%
92
'
1952
gold 3Vis_'.
——
& impt 4Vis series C_— 1979
Jack
Ref
6
Central
Gen
" 102%
'
101%
„
*9
F-A
4Vis
mtge
A Gen mtge 5s conv inc.....
*§ANorfolk Southern RR 5s A
71%
83
North
101
1
102
108% 109%
109%
A-0
1950
Metrop Wat Sew & Drain 5Vis
1 § AMet West Side El (Chic) 4s._ 1938
/1st
1st
99%
■
/',
.
104% 104%
A-O
1966
—•—■
—
*102%
A-O
Metrop Ed 1st 4Vis series D__—
Micnigan
68%
Norfolk & Western
*46 Vi
f 0s— 1947
52
'•'60%
M-N
90%
13
80
78
M-S
1959
McCrory Stores deb
.
39
.65%
RR & Lt s f 5s—_— 1953
RR (Southern Lines) 4s
Steam
Marion
64
79 Vi
M-N
sink fund—Feb 1 1957
Sugar 4s
A Manila Elec
A Manila
65%
46
99%
98%
/
99%
Range Since
Sold
No
*106%
A-0
M-N
J-J
J-J
J-J
—..1966
Niagara Falls Power 3Vis
3-D
Bonds
Hiah
54'A
J-D
1993
1st cons gtd 4s
Niag Lock & Qnt Pow 1st 5s A—1955
Norfolk Southern Ry Co—.
'v
J-D
Maine Central RR 4s series A—— 1945
1960
Gen mtge 4 Vis series A—_
M-S
....1955
4s_.'.
Lt & Pow 3%s
1965
N Y Rys prior lien 6s stamp
1958
N Y Steam Corp 1st 3 Vis.
—..1963
IS AN Y Susq & W 1st ref 5s
1937
§A2d gold 4%s
1937
§ A General gold 5s
1940
ATerminal 1st gold 5s,
1943
N Y Telephone 3%s series B...,
1967
t§AN Y West & Bost 1st 4Vis—..1946
107%
98%
Ont~W"esT"ref "go 1 d~4s_III1992
AGeneral
N Y Queens El
104 Vi
6
98%
J-J
& Cine
Knox
Atl
106%
106% 106%
M-S
4s—.
monon
94%
55%
M-N
N Y & Putnam
106%
*103
1st gold 4'AS_—
Montg
South Ry joint
99%
102 i3
;
M-S
Louis Div 2d gold 3s—— .1980
St
1
31
F-A
.1946
Paducah & Mem Div 4s___
.
;
105%
J-J
.I960
107%
102
A-0
.1950
108
104
3-D
1954
]_S£
JAN Y
106%
Friday's
Lou>
t A Harlem River & Port Chester—
102%
1
105% 105%
105 Vi
A-O
.
.110
6
106
or
Sale Price Bid & Asked
N Y New Haven & Hartford RR
Alst
101
—
(Conf.)
& ref 4%s series of 1927—1967
Week's Range
Last
Period
Nigh
105
.10
M-S
.1945
*100%
Lou)
No.
105% 105%
Louisville Gas & Elec 3'As__.—__ .1966
Friday
Interest
Stock Exchange
January 1
Sold
Hiah
Low
New York
Range Since
Bonds
Sale Price Bid & Asked
Period
OCTOBER 6
ENDING
UUMUB
Week's Range
or Friday's
Friday
BONDS
New York
1547
% 148%
—
224
105% 105'A
224%
105'A
111%
THE COMMERCIAL & FINANCIAL CHRONICLE
1548
NEW
Friday
BONDS
New York
or
BONDS
Friday's
Sale Price Bid & Asked
Period
OCTOBER 6
WEEK ENDING
FOR
Week's Range
Last
Interest
Exchange
Stock
BOND RECORD
YORK
RANGE
>
Bonds
Sold
Range Since
January 1
No.
Biah
Low
Low
24
99% 100
100
99%
debentures.
Texas ® Pacific
100 Vo
gold 5s
1st
&
ref
&
R
Gen
103% 103%
6
97
105
J-J
105 %
104% 105 Vi
131
94
106
J-J
105 %
104% 1051/2
55
94%
105%
J-J
107 %
107
107 Vi
35
A-O
.1997
ref 4 Vis series B——-
Gen &
1958
Rand deb 3%s
—
io«n
Kevere Copper & Brass 3 Vis. -—--1939
t§ARio Grande West 1st gold 4s_
.1949
A 1st cons & coll trust 4s A
Rochester Gas & Elec Corp
.1977
Gen mtge 4 Vis series D.,.
*
Remington
Gen
mtge
81
95
75
44%
66 Vi
111%
107%
Toronto
Gas
*108% 110%
M-S
il"J
14
14
1
11
17%
J-J
16%
16 Vi
7
12
191/4
A-O
Bt
1955
5s stpd
Francisco Ry
}St Louis San
A
lien 4s ser
certificates of
APrior
——luou
deposit
—
APrior lien 5s series B—
A Certificates of
deposit—----ACons M 4Vis series A ——~!9™
A Certificates of deposit stpd_——
tst Louis-Southwestern Ry—
1st 4s bond
tes
SoTiSIS
A2d 4s inc bond ctfs---—Nov 19«J
5 A 1st term & unifying -Ss --.-_.l9W
AGen & ref gold 5s series A.—1990
St Paul & Duluth 1st cons |old 4S.1968
«ASt P & K C Sh L gtd 4 Vis-—1941
St Paul Union Depot 3%s B
1971
Schenley Distillers 4s aif deb
1953
Scioto V & N E 1st gtd 4s
-1989
tSeaboard Air Line Ry—
a
unstamped—1950
gold 4s
§ A 1st
106
105
*._
106%
106
J-J
*74
A-0
*72 %
J-J
1947
1970
1971
—1980
J-J
A-O
Pacific
stamped
$A4s gold
■
4s——
15,051
ACertificates of deposit
A 1st cons 6s series A—.——
ACertificates of deposit—.
—*§AAtl & Birm 1st gtd 4s
—193J
1935
A ctfs—. .1933
certificates., ——
.1954
Oil 2Vis debs—
.1961
fund debentures.—
.1941
t § ASilesian-Am Corp coll tr 7s
1952
Simmons Co debentures 4s
—
Sioux City & Pacific Div-—
See Chic & Northwestern Ry
.1950
Skeity Oil 3s debentures
series B
A 6s
Shell Union
23/4S sinking
.1964
Oil 3s debs——
.1963
& Nor Ala RR gtd 5s———
.1962
Bell Tel & Tel 3 Vis——
Socony-Vacuum
South
South
debentures
3s
—
1949
—Aug
(Cent Pac coll)-.
registered
Gold 4%S..
Fran
902
28%
44
28 Vi
35 Vi
34'A
35%
97
4
82%
70%
86 7
53
61%
J-J
J-D
60
20
35 Vi-
35
A-0
70
68 %
31%
30%
31%
43%
43
30%
44 %
20
857
43%
99
?7%
47
60%
62
29
42%
62
F-A
26%
25
27
10
23%
Va
25
3
25
&
16
100
102%
10
100%
'102
52%
70
F-A
*69%
7
74%
10
104% 105%
105'A
A-0
102%
103% 103%
J "J
106 VA
8
■100
105%
ft'
107
1968
M-8
100ft icon
*100ft
50
8.9%
468
82%
78%
282
82 Vi
101-%
101%
M-N
*101%
102
103%,
102 %
M-N
*101% 102%
.May 11955
M-N
*101%
—
66%
West
101%
102% 104%
177
91%
104%
115% 117%
260
1960
inc
4s
A-O
105%
—
1st
Co
RR
1st
iyba
89%
202
73%
89%
104% 105%
28
92%
105 Vi
gtd gold 3%s__2000
Penn
96
&
ref
5%s
1st
4s
series
Pacific
Union
A
5s
1st
A
ser
Telegraph
M-N
Wisconsin
Elec
107%
Wisconsin
Public
F-A
J-J
110%
103'%
110% 110%
102% 103%
109%
112%
A-0
178
88%
103 Va
J-J
106%
105'% 106%
20
98%
106%
98%
130
77%
99%
107% 107%
29
101%
108%
M-S
ACertificates
of
of
ACertificates
63%
,
55%
72%
53
69%
65 %
68'A
61
64
118
99% 100
57
91%
100
3
101%
104
116%
■
116 Va
57%
74%
50
110%
*110
100
103 VA -103 'A
67%
144
68
66%
-
111%
%
Power
3%s_
A-0
—197.1
60%
68
.
37
16%
16
*12%
,
70
14%
.22%
16
109%
110'/a
110
*109
14%
107%
111
*110
J-J
1968
3'As
Service
16%
;—
18
■';
104
104%
104% 105
14
104%
106%
103 %
102% 103%
32
105
105
103%
102
103%
Youngstown
105%
5
105
105%.
Sheet & Tube—
M-N
1st mtge s f 3%s series D——1960
118
pound unit of bonds,
.1953
J-J
111
113
the Bankruptcy Act, or securities assumed
Ref & impt mtge 3%s series B..1974
J-J
105%
106%
91%
104 Vi
a
Deferred
delivery
120
sale
1
111% 111%
103%
54
103% 104%
Included
in
the
104%
-
29
104%
104
101% 106
range,
d Ix-interest.
e Odd-lot tale not
not Included In the year'« range,
t Oath tale
years
by maturity^
tThe price represented It the dollar quotation per 200Accrued interest payable at the exchange rate of $4.8484,
impaired
tCompanies reported
•
*106% 107
not
included in the year's range,
n Under-the-rule sale
not Included in the year's range,
§NegotiabiIity
*117
F-A
102
67%
M-N
1936
117
___1950
107
101
—
1st 4s
deposit..—
J-J
Ttxarkana & Ft Smith 5 Vis A
107%
100%
12
«
deposit
§ ASu & Du div & term
1951
of St Louis—
102
41
101% 102
A-O
105%
gold 4s
20
105% 106%
J-J
102%
f
105% 105%
106%
J-J
5
a
105%
M-N
103 Vi 103 Vi
Assn
96%
109%
M-S
M-N
RR
98%
37.
J-D
107%
refund
101
119
106%
1952
1977
1940
105%
Gen
118%
7
4
Terminal
101
117%
*99%
*118
106% 106%
106% 106%
Coal Iron & RR gen 5s_
102 %
101%
106%
M-N
Tenn
53
98
100%
*100%
J-D
1956
1961
Oil 3V2S aebs—:
Swift & Co 23As debs
superior
2
84
111%
102%
103%
J-D
J-D
38%
60
49
3
103%
J-J
3
47
89%
102
■
110
110%
95%
102% 102%
102%
J-J
112%
52
56
47
J-D
1949
106%
111%
68
4
Co-
Central 1st 4s—
t A Wisconsin
110
*50%
111
100% 104%
66
J-J
107%
*111
Apr
F-A
!
30
47
M-8
113%
110%
56
89%
100% 100%
M-S
lOOVi
*107 % 108%
97
79%
78
F-A
,—1949
100%
*110
106%
80
106%
49
102%
102
■■-•89%
78%
M-N
2
J-J
-
1966
3%s series I
Power
3
J-D
100
90
100
96%
107% 108
102
Q-M
—1967
Maryland
31
106 Vi 106%
107%
F-A
3%s
111
111
111
J-J
95%
A-O
4s__,
mtge
ref
108% 110
A-0
J-J
96
J-J
Wheeling Steel 1st 3%s series B—1966
Wilson & Co 1st mortgage 3s—;—1958
Winston-Salem S B 1st 4s
.—.I960
118 Vi
105
99 %
M-S
1971
Wheeling & Lake Erie RR 4s
83
1
99%
:
*106% 112
A-O
•
J-J
89%
99%
M-S
J-J
.2003
—1958
Funding & real estate 4%s—1950
25-year gold 5s.
1951
30-year 5s
—~—.—I960
Westingliouse El & Mfg 2 Vis!
—1951
West Shore 1st 4s guaranteed
2361
Registered-.——
—._——2361
106%
117
106 V'4
..
■
108%
A-O
3s series D
^—1974
Coke 1st gold 5S..1949
4s series A
mtge
Western
85
16
5s_—-1994
112
111%
105%
*108%
*112
——
J-J
112
109 Va
1
99
M-S
Apr
Gen
84%
104%
104%
105% 105%
F-A
M-N
1955
Washington Central Ry 1st 4s_
1948
1st gtd 3%s
..1945
1st 40-year guaranteed 4s
—1945
Westchester Leg 5s stpd gtd—
1950
84
J-J
103
101
97%
„1957
Apr
Western
65%
1950
102%
102
6
15
^.1968
3%s series B__
5s..
t A Western
65%
105% 106
101%
101%
..
101%
98%
series A_—1981
89%
645
106
101%
—
161
M-S
3%s debs—.1959
mtge
101%
635
A-O
A-O
A-O
.1951
mtge Inc 4 %s series B——1991
101Vi
81%
1950
101%
*101% 103%
Washington Term
——
—1956
Devel & gen 6s
1956
Devel & gen 6Vis
..1956
Mem Div 1st gold 5s———1996
St Louis Div 1st gold 4s__-__
1951
Southwestern Bell Tel 3'Vis B
1964
1st & ref 3s series C——1968
Southwestern Pub Serv 4s—L972
ASpokanc lnternat 1st gold 4Vis__2013
Stand Oil of Calif 2%s debs
1960
Standard Oil N J deb 3s_—
—1961
2%s debenture
-1953
Sunray Oil Corp 3% debs——.--1959
__-i
Pwr
cons
69
81%
.
102
M-N
4s series B——•
f
94
77%
81%
81%
■
1.
101%
101%
101 %
*100%
>101
102 Vb
102 VA
100%
1 1953
-Nov
;
L
95%
76%
M-N
Term 1st 4s_—
—
s
Warren
109%
Af-N
100%
101%
:
-
-May 1 1954
i.-_-Nov 11954
—;
Walworth
109
105%
86%
105
1
1.
106%
16
89%
101%
101%
Gen
124
20
—
M-8
18
*101%
Gen
-
103%
103
108% 108%
J-D
104
104% 104%
M-N":
May 1 1953
—
mtge
107% 108
107%
J-J
109%
110%
w
Vil
123
*126
111%
106
5
Wabash RR Co—
105%
103
1
106% 106 Vi
F-A
A-0
108%
2
103 %
*101%
Southwest 1st gtd 5s—
54
101% 102
55
102
M-N
Virginian Ry 3%s series A...
62
25
102
108 % 108%
M-N
Va*
' V1'.
42%
62
J-J
17
108% 108%
103
M-N
'•Va-Iron Coal
31
43 Vi
J-J
106%
1st & ref mtge
44%
M-S
F-A
107
102%
M-N
Elec &
1st
28%
9
43%
102%
21
11950
Nov
—
2.65s
Cons
32%
30
108%
14
105% 106'/a
*100y8
*100%__
I Vandalia RR cons g 4s series A
72%
21%
44
M-S
106%
105% 106%
*100%
Universal ^Pictures
71%
262
106% 106%
————————May 11952
——-.Nov..I 1952
2.60s
128%
88
70
A-0
106%
M-N
United Stockyards 4%s w w.
] 05 V4
31
70
68
104
F-A
.May 11949
2;55s
Va
70
102%
104 %
126%
A-0
6
38 Va
30%
]ni3/4
U-N
106 Va
103% 103%
U-N
A.
2.40s
i'.V
102
__
104% 104%
M-8
103%
103%
100%
92
24
35%
*103
A-0
4
64
38%
1
100% 100%
100%
F-A
63
58%
63
J-J
20%
19
105% 105%
M-N
—
2;35s
'"-"I
82%
"51
110% 112
*111% 112%
I.
-Nov- 11949
•I ' W 2.50s'
.
1
—
.—.May 11950
-
2.45s":
106 Vi
3
106
81%
106% 107%
*107%
Corp—
——;
2.20S
i
?
106
82 Vi
104
103%
A-O
f
37%
37%
36%
1981
1st cons gold
gen 4s series A
&
"-
'
•
48%
34%
—
:
...
2,15s
{■; ;
36%
26
1969
Southern Ry
Devel
50
44%
—•
—
Pac^RR 1st ref gta 4s.—-
South
45%
Steel
-2.10s
-
46%
36 Vs
36 Va
—---—
,
Gold 4Vis
San
1977
(Oregon Lines) A—
Gold 4Vis
33
43 Vi
106
101%
101%
103% 103%
Serial debentures
.
f'/
32%
44%
grant 4s
States
2.05s
94
34
45%
1949
4s
1st 4 Vis
102%
378
43
43%
703
43 %
41
45%
J-J
5
RR—
land
mtge 3%s. series A.
United
1st
Pacific Co—
Southern
4s
.1979
41%
43
5 A Refunding
jASeaboard All Fla 6s
100
89%
...
United Cigar-Whelan Stores
United Drug 3%s debs
100%
97 Vi
20
&
Ref
95%
46
90 Vi
43 Vi
U-N
83%-
30%
40 %
96% 104
A-O
debentures
United Biscuit 3%s debs.—.
v
M-8
104%
71
J-D
1955
5s'_i.—1952
—1958
77 V
.
J-J
104
56
94
;
1967
76
63
101 Vi 102 Vi
*—
i^j
2
82
F-A
...
34-year 3 Vis deb—
62%
787A
—
100'A 100 Vi
II
97
39
J-J
1953
deb A.
35-year 3 Vis deb..
95
M-S
% 103%
A-0
.
J-J
96%
.*114
1959
106
100%
80%
81
103%
M-S
.?f§AUnion Elev Ry (Chic) 5s—1945
108%
Af-N
103
4-J
.J-D
1st gold 5s—1949
Elec
&
A Union Oil of Calif 3s deb
Iron
Rocky Mt & P
L
106
J-J
Mountain & SouthernRiver & Gulf Division
■■
§ A 1st. 4s stamped——------iaJ>5
A Certificates of deposit——Bt L Pub Serv 1st mtge 5s
1959
96'A
45
"•
37
M-N
1st
tSt Louis
96%
103% 103%
*102% 103
Union Electric Co of Mo 3%s—-.1971
3s
-1947
1996
79%
U
50
39 %
35
47'A
46
Union
Bt Lawr
81%
81
J-D
M-S
M-S
lg47
115%
.
.1941
Pwr Ltd lst
Grand Island 1st 4s
& Adir 1st gold 5s
125
7
53
96%
95%
—
<
A-O
Buff 1st gold. 4s—1940
Ham &
Trenton
,
Baguenay
St Jos &
106%
37%
J-J
109%
—
.1949
Louis 1st 4Vis
.
A
Tri-Cont Corp 5s conv
*125%
*111%
.1934
tARut-Canadian 4s stpd
t§ARutland RR 4Vas stamped
105%
111%
M-S
.1969
3%s series J—
J§AR I Ark &
63
59 Vi
M-S
.1967
I
mtge 3Vis series
Gen
103
92
58 Vi
59'A
J-D
of New Orl 3%s_.1974
RR
106%
118
97
95
96%
High
105
17
95 %
,
Since
Low
2
'■'/"■/
Ave Ry 1st ref 4s
.'—1960
Adj income 5s_
Jan 1960
Tol & Ohio Cent ref & impt 3%s—1960
.Toledo St Louis & West. 1st 4s——1950
107%
90'A
J-J
A-O
.1967
3%s series H
Gen mtge
101%
8
102% 102%
M-N
104'A
Pac Tenn
106
124% 125
96
January 1
Range
NO.
106% 106%
96%
J-D
Thiru
;■
125
A-O
A-O
1979
1980
series D_.
5s
Pacific-Missouri—
Texas
-1951
ref
&
series B
106%
J-D
2000
—1977
ref 5s series C
tliah
106
M-N
—laoo
Gen
5s
A-0
1959
Company 3s deb
Sold
Bonds
Friday's
or
Low
Gen
Reading Co Jersey Cent coll 4s—
_1997
Gen & ref 4 '/as series A——.
Last
High
3s
;__1964
Week's Range
Sale Price Bid & Asked
Interest
Q
2%s deb—
Friday
Period
(New York Stock Exchange
Texas
Quaker Oats
Monday, October 9, 1944
as
being in bankruptcy, receivership, or
reorganized under Seotlon 77 of
by such companies.
-
current week.
^Friday's bid and asked prices; no sales being transacted during
ABonds selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
a
footnote
in
30,
the
week
include
ending
and
the
we
present
furnish
Friday
security, whether stock
every
a
complete record of the transactions
(Oct.
6,
It
1944).
STOCKS
York
Curb
Friday
Last
Exchange
Sale Price
Par
ACF-Brill
wire
Aero
Motors
Co
warrants
1
Aircraft
For
i
Accessories
footnotes
™~ZT
page
5
\
._™50e
Corn
see
Week's
1553.
WEEK
FOR
Shares
9%
12
2%
2%
Sep
Jan
26 %
Mar
21
3%
Jun
2,100
6%
Feb
10
July
5,200
x8%
Feb
12
Oct
100
7%
9%
6
9%
12
7%
500
122,800
Curb
York
Friday
Last
Exchange
Sale Price
2
Sep
Jan
Investors
common.
preferred
Air-Way
Electric
4% July
Alabama
Great
Oct
Shares
Appliance
Southern
Alabama Power Co
$6
3
$7
50
preferred
LOW
2%
300
3%
3%
1,300
98%
20
106%
10
Allegheny Ludlum Steel 7%
pfd
100
2
Jan
35
3%
Jan
1
High
2%
35%
Feb
Jan
106 Va
Apr
4
July
89
Jan
102
Mar
114
98
•
•
preferred
Range Since January
High.
10
Air
Jan
7'A
for Week
Range
2%
2
Convertible
Sales
Week's
nf Prices
Low
Par
High
Sep
3,300
6
STOCKS—
22
2%
26%
"3% "3%
OCTOBER
New
Low
2%
10
Saturday,
the New York Curb Exchange for the week beginning on
Range since January 1
Blah
26 %
23A
ENDING
for Week
19 '/a
2%
on
Sale*
Range
of Prices
1
B
Ainsworth Mfg common..
Air Associates Inc (NJ)
weekly range are ehown
bond, in which any dealings have occurred during the current year.
or
Low
iq
common..
Supply Mfg class A
Class
RECORD
compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
is
RANGE
New
YEARLY
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when telling outside the regular
in which they occur.
No account is taken of such sales in computing the range for the year.
In the following extensive list
Sept.
AND
deferred
and
Feb
118%
2%
Jun
104 Va Mar
107%
Aug
112
114 Vs
July
Aug
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
160
Volume
1543
NEW YORK CURB EXCHANGE
RANGE
ktihiks-
New York Curb
Friday
Range
Class
A
conv
"2
14
74
81%
Co.*
1%
160
28%
36 Va
35%
2,400
1%
Feb
Feb
36%
%
%
18
18
common-—--*
!
:
15%
250
26%
225
34%'Jan
44
150
41%
Jan
46
14%
Apr
19%
31
31
Va
18%
1%
42%
11%
Sep
Casco
Products—
Apr
Castle
(A M)
A
Apr
Jan
3%
A
19
4% '
5%
6
14
5%
111
1.200
20%
3%
Jan
7% July
2% May
200
2%
300
22% "
3%
2%
22%
109%
500
109% 110%
5% Aug
3
■
v
Jan
23%
Jan
Sep
4% July
4% Mar
/,
Jan
10%
Oct
30
97 y8
Jan
110%
Oct
May,
;
.
8%
8.500
7% Mar
22%
Sep
11
8%
,
1,800
7%
11
Jun
Clayton & Lambert
1,400
5%
Apr
Jan
7
July
100
6%
Jan
8% July
Jan
1% July
8%
Cleveland
42
Atlantic Coast Line Co.———/.. —50
"2%
Atlas Corp warrants-^—-——;—/.
Voting
2%
-175
3%
Jan
31
1 %
54,500
,
Jan
Feb
3%
May
.10%
10
11
6,500
Jan
11
14%
13%
15
8,800
9%
Apr
15
1
8%
7%
2,400
3%
Feb
*
5% ;
/' 6 ■."
1-3
6% preferred—————— —25
Ayrshire Patoka Collieries-—^ —1
4%
700
6
10%
9%
5%
2,900
;
Colonial
Colt's Patent
24
425
21%
Feb
400
9%
Jan
15% Aug
11,600
20 Va
warrants
'
■
7■%
for
——30
preferred.———
Baldwin
Rubber
Co
28%
Feb
9%
9%
25,000
6%
40%
100
39%
Jan
Oct
9%
9%
1,100
614
Jan
•
Jan/
convertible
$1.20
A
—5
common
(L)
1st preferred
—100
Brummel TieS—————1
7%
Beauni; Mills Inc common
Benson
■■
&
Hedges common
Convertible "preferred—
Eerkey & Gay Furniture
Blauner's
Bliss
common;
$3
10%
5%
2,200
Jan
2%
6
17
■
200
,136
2%
10
127%
2%
-
2%
39
Sep
3
Apr
% May
:
13,000
6%
Feb
11
6%
Feb
10
7%
1st preferred—
$5
2d
preferred
11%
Apr
1%
Jan
75C
43%
1,300
'9%
500
,16 y4
9%
—
2%
3,500
3
107
Breeze Corp common
.18%
90
—
Bridgeport Oil Co.—
10%
Jan
Briilo
Mfg Co
Class
A—
British American
British
;
,...
_*
—
—•
19%
.
Celumbia Power class A
Class- B
•;
A
common
preferred——,
(EL)
1st
Butler
...
3,300
8%
1,100
Feb
107
19%
19%
Jan
Jan
Jaii
%
Jan
__25
2.50
300
see
1% May.
13%
125
30%
Jun
39
11%
Feb
18% Aug
24%
100
11
Jan
28
July
2% May
4
Jun
800
3%
4
3%
3%
3,800
3%
Sep
8V*t : 8%
.
1,100
6%
Apr
2V4
Apr
:
18
3%
10
*
■
3%
*2,500
4
;
36
37%
1,300
71%
1,180
56%
a*
na
4,300
25V4
100
1%
200
71%
—
1
1
1946
1
11%
—
20%
20
Co
9%
33 Va
4
*
100
7
70
30
Feb
118%
107
100
113 %
104
4%
3,600
1%
"l%
"2
"
1,200
13%
14%
2,50Q
4%
5%
2,200
6%
6V4
14%
Feb.
21%
15%
Sep
26
77%
Jan
1%
Jan
3%
600
900
21
9
13:
,
...
6% Aug
50% July
1 Va
12%
;
13
1,300
18S8
»18(4
—25c
page 1553.
18%
109% noya
10%
9%
:
1%
.
105% 107%
2%
14%
Jan
6
;
Jan
Jun
Oct
July
14
50
7'%
6,750
7
Mar,"
100
510
,
15'4
15%
2%
&
Reynolds--———-—-1
$6 preferred A-—
Petroleum
—1
common——
convertible
preferred—
2
2%
Va
July,
107%
"■ 17%
12. : Apr
5V4 Feb
V4
7%
,
_2%
Oct "
July
Oct;
U Feb
14
Jan.
83 Va
40
2%
600
2
88
Feb
200
23
Apr
2% July
Sep
30%
Jan
2%
30
50
Jan
1%'Jan
1,200
88
85
.
.
Aug'
3% July
36% July
.
Cent
Petrol
7%
9 Va
9% July
28Va Mar
3%
common—
Curtis
Lighting
Jan
10 Va
11
Feb
Jun
6% July
15
Jan
July
13 Va
200
3 Va
1,300
2
Jan
3 Va Aug
25%
25
24
Jun
25 '/a Mar
1
1%
Va
..
15%
,
25%
3%,
Apr
Feb
22
Oct
Apr
26
Jun
3%
Jan
16%
Sep
2 Va
Apr
75
16 V*.
11,000
500
.,.
'100
1%
Va
i0
19 Va
'"
22
15
Va
200
1%
21
,23%
22
2.50
common
.
.
.
8% May
8
—
Jan
2%
137/a
Tobacco
—/.*
1%
Jan
25%
3
23
Inc
Apr
%
8,500
2,400
9%
.9%
•
——25o
Sugar——.—5
(Mo)
1 Va
1
■
9
Atlantic
"Curtis Mfg Co
■;.
3%
3. Va
25%
'
4,700
24
23%
22% July
100
9 Va
9 Va
9%
24
Cuban
,
/
.
Sep
,3% Oct
9V4 Aug
D
Class A convertible
Dejay Stores
$6 prior preferred—
debenture
B%
Detroit
Stove
De Vilbiss Co
7%
./*
—*
Shoe
Sep
21
July
36 V4
Sep
13 V*
Oct
6% Mar
1,500
3%
65
9Va
Jan
Jan
135
5%
Feb
16
19
Jan
21
79
20%
.
5%
27%
20%
200
1%
400
6. /
27%
1,300
1% ■'
5%;
27
.
800
1
...
Juii
%
Jan
3%
Jan
.
6V8
27%
Oct
26
Aug
11%
1,500
9
Va, Aug
13
11 Va
Jun
July
1% July
6% July
Jan
Sep
13 Va Mar
11%
79% Feb
Jan
20 y*
22
*
;
July
May
10% July
72
78%
78 Va
—^—10
common—
Diana Stores Corp:
Jan
3,200
1,040
12Va
ova
,._10
•
57/a July
113
9
—20
—
Jan
82
—1
-
—10'
common
27
Jan
Jan
900
5%
—100
com.
l
common—/—I
preferred
Diamond
Sep
13%
———50
Steel Products—
Co
50
4%
5%
Gray Iron Foundry..
Mich
Detroit
10% July
,_8
———
Detroit
19%
11%;
.1
—
common.^
Derby Oil & Refining Corp
A convertible preferredDetroit Gasket & Mfg
6%
preferred
*
3% Aug
27
——
Dennison Mfg class A
Jan
24
19%
35
—.——
15%
33 Va
Davenport Hosiery Mills—.
Dayton Rubber Mfg-^———1
Oct
Jan
Mar
8Va July
16
July
12 Va
Aug
17
July
Distillers Co Ltd—
5,400
14%
Apr
.19V8
700
97%
Feb
110%
1,200
9 % May
1%
5,100
1,800
1
3%
115
Jan
3V4
9
.
12
Cuban
May
Jan
10%
10%
8% Aug
Apr
Jan
.
% convertible preferred
—28
Crystal Oil Refining common—
$6 preferred-/————-w—10
91% Aug
10%
"
"
4% July
200
3
,
I
Sep
Jan
Jan
Jan
50
Crown Drug Co common—
2%. Jun
2,700
,10
1
;
(Md)„
Crown Cork International A—;
4% July
17% Apr
10
prior
Crown
19% Oct
89
Fdy & Machine Co—
5
■■
Sep
Sep
,111% Aug
Jun
114%
•
;
Jan
32
preferred——100
—10c
Aug
Jan
Feb
600
—
38
-
63%
1,825
Corp———
Jan
1,600
107
—100
—10
12% Aug
1% Mar
Jan
116% 117
117
dep receipts (ord reg)—£1
Petroleum———
.——8
Brewing Co.——————1
Crowley Milner & CO—
——1•
■
89
Sep
1% Aug
67
66%
67
8
Co—.
25%
Va Mar
400
1
;
preferred—
Steel
71% Oct
i*6 July
.
Va Apr
:
'
Croft
Feb
Jan
Feb
Feb
9% Aug
47 Va Mar
Jan
1/64 July
Feb
"
Jun
Jan
3%
July
,
6%
4% July
20 V*
250
12
•
common
Creole
15% Aug
37% July
3%
900
.
;
Feb
Jan
15%
4%
,
,
,
32% Aug
69
.
12
Jan
25%
37
Jun
13%
200
20 y4.
19%
.
Jan
23'
Feb
Oct
Jun
Jan
y2, Sep
9
Courtaulds Ltd—
Oct
3VS Mar
21% Jun
Sep
8
17
May,
1% May
3y4
Jan
.
4%
4y8,
is/-
Coro—
For footnotes
9%
,19%
Jan
JaD
200
21%
110%
common-'.
,
Jan
.
&
H)
6%
,1
Jam
1% July
Sep
Jan
6,200
45
.5%
% Mar.
17% Sep
Jun;
Mar
9
18%
7%
Cosden
Sep
19%
19%
4%
*
%
9Va
22%
39
6%
"v,.
12% July.
28%
.
18% Aug
•20%
I
>14,100
43%
Corr an
Sep
80
30
21%!
20
Jan
'
11% Mar
12%
_2s
Co common
Biscuit
'
—I*
preferred.,.
Hill
fP
'.2%
4%
3
Sullivan,
;
'
Burma Corp Am dep rets—
Burrv
4%
3
Buckeye Pipe Line
Buffalo Niagara & East Power—
$1.00
preferred
$5
2,200
—
——_->*
$5 prior preferredBrown Rubber Co common
Bunker
19%
*
Brown Formaii Distillers
Bruce
12%
/
Brown Fence & Wire
Class
12y4
2,500
—
—10s
reg
-100
1%
Feb
Jan
:
17%
—25
Cornucopia Gold Mines
V
Am dep rects ord bearer———£1
Am dep rets ord
reg
—
;_£!
British Celanese Ltd—
British
5,500
4,000
.„_'■
■
Tobacco—
Amer dep rets ord
16 y4
.2'
,2%
18%' 19%
—
Oil Co_
American
U
19%
_1
——*
common—
20%
111% July
Jan
6Va
7
18
200
Coro'-'.Inc .d——
17% July
7%
21%
——-*
85 Va
170
"~9
24%
"i
:"'Copper".Range'" Co———.—————*
Sep
700
,2%
-2%
3
Brewster Aeronautical-^.———!'
Bridgeport Gas Light Co
——
•
-
A
—
" ^19 Va
l27/a
12% May
36%
1~8%
7%
Mar
51%
10 Va
—
118% July
1%
,.
15%
15% July
Jan;
24
107
—
Pwr?-*—*
17% Mar
Jan
4
American
2,400
15
50
16J/a
——100
;.
Brazilian Traction Lgt &
Sep
92 %
7%
15%. Aug
Jan
16%
14%
52
—-*
common—
1%
*
.
'
Bowman-Biltmore
12%
2,200
20%
107%
July
2%
;
14,100
101% 104%
100
Oct
50
9%
50%
...
14%
13,
105% 109%
■
Jan
.
:
ants-
preferred—
Cook Paint. & Varnish Co
Aug
11
9%
12
Sep
18 July,
53% May-
Jan,
17%
450
.
6%
7%
Sep
10 y4
2V2
1% 1st preferred——
—100
Borne Scrymser Co————25
Bo.urjois Inc.—
.....*
3,400
36
150
14%
optional convertible preferred/—*
(S) & Co—-.—-——-*
(H C) Co common-———*
%
4,200
.
Continental Gas & Electric Co—
136% Aug
15
I
Blumenthal
■"%
■
■45V4-
•V 44%,
Continental
4% July
Jan.
Feb
2%
14%
—1
Bohack
,%
43%
—1
Consol Textile
Aug
19%. July
28% July
Apr
35
.
wan
Gas/Utilities—-—.
Consolidated
;
Sep
10
Apr
1,700
:
82%
*
Jan
14% Mar
30
10%
Southern
extended to
c
8 %
4% May
Jan:
Apr',
y4
21
"3%
~3%
136
—
,
&
Consolidated Royalty Oil
Oct
5%
„_———*;■; —V
———«
(E W) common
Ridge Corp common.-
Blue
Feb
Jun
,
15
6%
175
,
Miuing & Smelt LtC—5
Consolidated Retail Stores
1
July
5%
3%
—.1
4
4
——
,
107/a
9
-25
Public Service—.
Consolidated
10% "Jim
13
—.20
'
Jan
4
/ 4% preferred series C_—
Oct
200
16%
Bickfords Inc common——-———1
Btrdsboro Steel Fdy & Mach Co corn—*
.
9%
:
16%
65
—100
10%;.
Electric—
series B
41% July
Jan
22,000
-/'■.'■
common———1
Aircraft
Bell Tel of Canada
3%
38% Aug
'
—10
$1,50 convertible preferred—
Bellanca
.i-
t
Sep
16%
5%
—1
common—————*
Baumann
Beau
%
„
—
Basic Refractories Inc.;
■
3%
Sep
103
Consolidated
7..,'
American shares—/>'-,;■■",%
■Barium -Steel Corp.——*-/—\3Vu
Barlow & Beellg ■ Mfg— v.
.
9
Z/.,
■
34
1%
Consol G E L P Bait common—
Jun
40%
40%
:
—1
common
Andes—
los
de
Banco
9
9%
common.——
1,600
:
109
warrants
$3 preferred
Consolidated Biscuit
Baldwin LocomotivePurchase
14,
;
■'
Conn Gas & Coke Secur
.
28 'A
36%
•
common—
Water ServiceCompo Shoe Machinery—
•
25%
Jun
34%
——4
Fire Arms———,
.
Commonwealth
25% July
14
28%
116
Illuminating———*
Co
Gas &
Community
/V Community
Oct
13%
•
July
Jan
%
•••
preference —————100'
5%
6% July
10%
May
Plow
Columbia
V
—
16
97
■'
43%
Airlines—
Oct
Oct:
B
Babcock & Wilcox Co—.
Mfg„
Colorado Fuel & Iron
Oct
23
24
9% July
Jan
50
10%
Development ordinary-——
Colon
,
Oct
8%
Jan
8
Cockshutt
Feb
1
8%
'
Aug
10%
36%
;
Cleveland Tractor common———*
Clinchfield Coal Corp
100
Club Aluminum Utensil Co
•
"47% May
.
Ills
Machine—
(B F) & Sons common—,
1,200
43
:
80
12%
Jan
8%
Electric
Jun
if
3% July
2% Mar
75
9%
9%
9%
5% July
9% July
3%
July
13
"13 Va
-
—
20%
,•>.
Sep
Apr
11,700
Jun
105
113% 113%
Clark. Controller Co—
—1,
Claude Neon Lights Inc———1
6%
119%* Sep
7%
$6 preferred BB
——_*
City Auto Stamping—--—i—
City & Suburban Homes
—10
6%
Apr
Jan
%
2,100
4%
87/a July
Jan
9%
119%
'
4% '
Jun
8%. Jan
9%
6%
20
%
Oct«
Jun
•V/gMar:
•
3
/
%
.1
.-...■%,
%
4%
:
:
112
170
200
119% 119%
119%
'
—10
5.600
17%
9
16%
21%
Jan
119% Jun
96 Va May
87/a Jan
60c. preferred B——
1.000
7. lCf%
.
200
11%
11%
_i
14.300
May
6,700
Jua
115 Aug
19% July
May
3% May
7% May
'
—100
—
V*
Associated Tel & Tel class A—.
Automatic
Consolidated Mining——.
4%
19
Atlanta Birm & Coast RR Co pfd, -100
1
Atlantic Coast Fisheries——
Avery
Chief
4
...
8%
8
102 Va 103 Va
103
,
1
3%
110%
7%
8
8%
Jan
118
Jan
,7% Aug
100
9
50c
3% ;•
,
12%
2,300
Sep
July
48%
May
.10
Cities Service common——,
$6 preferred—
.
8ya Aug
"
10%
41
10
114% Mar
,108% Jan
of America—^—l
,10% 10%
110% ■110'A.
4%..
•4%
■.
17%
Jun
26%
Jan
20
3
■
17%
17*
Jan
2% July
16
'
Feb
7%
50
48
Hudson
SChilds Co preferred
,
113% July
106% Jun
2% Apr
10,100
..
100
;
Chicago Flexible Shaft Co common—*
Cnicago Rivet.
Mach—4
;
5V4July
'
2% Mar
13
160
7%
x7Va
'
Oct
414
'
Jan
Apr
144
Jan
12%
x23
Cherry-Burrell common.————5
Gbesebrough Mfg,—.
i——-__23
Sep
4%
.
1%
250
Cnamberhn Metal Weather
Strip Co—5
Charis Corp common:
—10
"
Jan
Jan
900
-
10
Central & South West; Utilities
Cessna Aircraft Co common—
Jun
3%
-
46%
York Power 5 % pid—100
Central Ohio Steel Proaucts
1
Central Power & Light 7% pfd—100
% July
'
.
2
"9% ~9%
~9%
5%
Jan
15
Jua
24
4% Mar
,
1%
Ceinrai New
Apr
Jan
1.500
11
Products-,————.
Sep
Feb
14%
,1.5-"
Gas &-Eleo com-——*
Central Maine Power 7% pfd
-—100
July
Jan
Jun
Corp
Central
'
May
1,600
.
48
,15%
100
—»
& Co—
Catalin
-
31% Aug
40
5%
—-
1% Mar
Jan
8,900
18%
4%
18%
,
54
Sep
102% Aug
Jan
Feb
500
4%
%
—-5
Drop Forge common— —.
Plywood Corp—————-
Jun
7%
100% July
Jan
4 Va
144
—i*
common—
Jun
34
500
5%
•
Aug
105
American dep rects reg———,—£1
Associated Laundries of America-
Atlas
Sep
20 Va
Jun.
21
100
5%
..*■'
—/
'—
19
~
4%
Oct
class A-
—
Co
23%
"5",'
——100
Products-——...—.,—,
Co
Carnation
10%
1,800
u
7% Jun
39%
23%
5%
•
Class B
Sep
50
10%
.2.50
Automatic
9Va July
1-
City
Carman &
Associated Electric Industries-
Atlas
7% Mar
Jan
—23
voting-——
preferred
Sep
22%
300
42%
preference-,
Industrial Alcohol—
27
3,300
315A
11%
Common class A non-voting———
;
Jan
4%
20%
Feb
88%
100% 100%
1"
Ashland - Oil & Refining Co——
5%
1,700
7% Sep
100% July
July
35%
100
52%
51%
6% /preferred—10.
Arkansas Power & Light $7 preferred-*
■
3,200
7%
100
16 ya
4,700
31
Equipmerit Corp..
7 :
7%
——5
Carolina Power & Light $7 preferred—*
.preferred—.—
*
Carrier Corp common
—.10
Carter (J W) Co com
—1
25%
•
Aro
Apr
6%
Ltd—/
——
25%
100
18%
18%
Co
Art Metal Works common——:
9%
July
5%
Capital
Jun
19%
114
Jan
5% Jan
'
.
Jua
4
7
Canadian Marconi
Aug
50
19%
7%-
7%
Oct
39%
39
Angostura-Wuppermari
1
Apex-Elec Mfg Co common———•
Appalachian Elec Pwr 4 */a % pfd—-100
Argus Inc ——
i—
—-/--I
Arkansas Natural Gas common--——*
'
33%
Jan
;
American Writing Paper common—i-*
Anchor, Post Fence———-——-—2
•
1%
3% May
,7%;
Class B non voting-.—————*
Canadian Industries Ltd—
July
80u
..
-43%
100%
r
1% Jan
19
Jan
7%
•
,
103
3%,
:
1
—1
Participating
Glass ■ A
;
Oct
107
.
•'
1% July
Jan.
■
Co
preferred
Canadian
Feb
9C0
19%
,
Aug
36%
13,000
7%
-25
47
32% 33%
112% 113
common—10c
Potash & Chemical——-*
Republics——————10
/American 8eal-Kap common———/ 3
Amer Superpower Corp com
—10c
1
1st $6 "preferred-—■
• $6 series preferred/————•American Thread 5 % preferred—;—-5
;
3%
Power——-——-10
Corp—
Insurance-
Cement
6%%
Aug
41%
% Jun
1,800
18
.
1
33 %
112%
American
,
Fire
Camden
Aug
3'A Aug
34% Aug
36
Oct
400
4.500
36%
- ■%
36
/American
.
Jan
%
pfd——£1
Estate
Electric
Tungsten
Canada
42
50
3%
'
.". American Meter Co——.
.
Callite
45
Jan:
41%
38%
preferred———1
Maracaibo
Jun
38
350
45
2%
,
American
dep rets 5%
Sugar
California
42% Aug
13% Aug
Jan
36%
Mach-————20
common—25
6% ,preferred-—————25
American Mfg Co: common———100
Preferred ——————————100
•
Calamba
,
Jan,
Oct.
2% Mar
Jan:
41%
American Light & Trac
;
High
Wireless.—
Si
American
Oct
14
84
103%
57/a, Jan
43%
Laundry
American
Jun
300
convertible preferred———!
$2
$2.50 convertible
Jan
1,100
O
9
■
3%
Gas & Electric———10
preferred———-—100
American Hard Rubber Co—.—.
May
42%
American
Corp
9
95%
l-50o
common
Voting trust certificates———50o
Cables
Aug
73%
Low
Canadian Car & Foundry Ltd-*-
'B—————————1:
American Cyanamid class A—10
Class B non-voting—————.-10
American Cyanamid Co new com—.10
American & Foreign Power, warrants-
4% %
American General
20
10% Xll%
'
.
Fork & Hoe
Feb
Cable Electric Products
Aug
50
Range since January 1
High
Jun
115
42
"Class
American
31
Feb
3,400
Shares
Jun
109%
11
Central
-
July
42
:
;»———.—.-100
Mfg—————/—1
American Cities Power & Light—
Convertible class A—2S
,'"v Class
A——————-.—-25
Book
American
Jun
35
800
13
103% 103%
American Beverage common———!
American
31
Apr
27% Mar
1,500
14
—-——,.100
-
22
5.100
31%
81%
Ltd common--:;—
preferred-
July
18%
Aluminum Industries common
6%
$3%
111% 112%
33 %
111%
preferred..„
./——
100
Aluminum Goods Mfg———*
6%
Low
Par
23%
28
common
for Week
of Prices
Sale Price
Hiyn
Sales
Range
Last
Exchange
8% July
8% Jan
22% Feb
Aluminum Co common—
Aluminium
100
7%
7%
(Mich)———-10
Products
Allied
Luiti
6
pfd——*
Allied Mntl investing $3 conv
Curb
Week's
Friday
iolh a
York
Range since January 1
Shares
High
Low
„/—1
Alles & Fisher common-.-
S
New
for Week
of Prices
Sale Price
Par
OCTOBER f>
ENDING
Sales
Week's
Last
.
Exchange
WEEK
FOR
3
12
Am dep
Sep
Divco
Oct
Apr
4
Jan
Jan
Co
————£1
,
Dominion Bridge Co Ltd—
Dominion
SteH
|
-
common
Domestic Industries class A
1% July
4% .TulV
Corporation
Dobeckmun
Jan
Apr
rets ord reg
——
com
-
1
1
1
—
*
■r'oai. B—
25
10
9%
19%
5%
10
19%
5%
1,600
5%
Jan
10
Oct
100
10%
Jan
19 V*
Oct
200
5% May
6% July
22% May
25% Sep
6 Va
Feb
8Va July
Monday, October 9, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1550
NEW YORK CURB EXCHANGE
RANGE
Week's
Friday
STOCKS
Last
Curb Exchange
York
New
Sale Price
Corp
Driver Harris
Draper
—
Test Corp
Duval
class B
Hosiery
Durham
Duro
Sulphur
Texas
preferred—
Eastern Malleable Iron
6%
preferred
preferred
$5
$6
%
5 %
Emsco
$3
1%
Feb
56%
Jan
75
975
32%
Jan
44
Aug
33
Oct
2% July
Aug
Feb
Registered :
Imperial Tobacco of
39,800
94%
99
f
%
100
700
11%
12%
900
48 %
48%
25
1 % Mar
Feb'
11
July
Jan
8%
30
38
July
11%
14
Sep
Aug
51%
46%
Sep
.100
103 %
Jan
121
.100
pia—
—
100
Sep
100%
& Equipment—.
10%
1%
,10o
„1
'
325
7%
150
41
41
27
43%
1,300
Jan
:
Sep
Feb
12% July
1% July
1% Mar
31% Jan
300
27
„1
Inc common
39%
7%
71/4
-50
Pipe Line common
6,000
8%
200
.IV2
39%
39%
—1
—
10%
1%
—5
Aug
Sep
44
42% Mar
*
participating stock..
41
July
7%
Sep
27:
Oct,
34%
Apr
18%
Feb
43 %
4%
Jan
.
Oct
Ireland
Indiana
Eaircniia
7%
'
Q%
Mfg Co
Fedders
7%
1%
Jun
3%
16 %
100
12%
Feb
16% July
35%
12,500
14%
Feb
35%
Oct
5% May
11%
10%
11%
59
59
1,900
25% Mar
—
,
...
preferred
56'%
Apr
64
5,200
4%
Apr
dep
Amer
July
19%
Feb
23%
Jan
23% July
2
200
23
Aug
3%
3%
300
3
Feb
17%
3%
Jun
v
i
7%
preferred
Co
Power
Sep
18
International
Hydro
Preferred
$3.50
International
Gellman
Mfg Co common—
Alloys Co.
General
18%
Oct
Feb
58
Oct
Jan
84
Oct
84
130
58
7%
Feb
70%
Feb
Jan
Jun
8
78
2%-
2%
1
*
2%
1%
1,000
1%
Jan
3%
200
i!
Jan
1% July
Jun
1%
.
—._£1
1
15%
15 %
15%
200
12%
Jan
16
July
5%
5%
5%
500
3%
Feb
6
Sep
.——10
8%
dep rets ord reg
Amer
General Finance Corp common
preferred series A:
5%
Fireproofing common
General
Gen
& Elec $6
Jas
General
Public
Service
General
Rayon
General
Shareholdings Corp com
Co
•
Oct
84
July
%
Alden
2%
1,100
1%
Feb
88%
120
75%
Jan
89
Jan
12%
Jan
51% Aug
common
„——*
114% 114%
125
25
$7
500
15
.
Coal—.
-•
-
—
Northern
Paper-.
Apr
17%
Sep
37 %
Apr
55
Oct
9
Feb
15% Aug
104
Jan
14%
30
107
Warrants
Metal
Industries
Feb
10
46%
Jan
70
Feb
2%
100
2%
1147a Aug
1
Apr
3% Aug
Jun
3% Aug
Jan
63
Aug
Feb
89
Aug
19
Aug
7%
500
•
Jan
Jan
1774 Aug
20% July
27
75
54 %
86%
77%
14%
54 %
86
54%
•86%
15%
16
1,600
15%
Jan
9%
10
2,000
7%
Jan
107b
Jun
17%
18
5,400
16 %
Apr
193/a
Jan
17%
15%
17%
100
16%
Apr
19% July
7%
1,800
2%
2,400
!_•
A_.
——
—
International- Petroleum
shares-".
International Products
International
Safety
International
Utilities
Home
Hosiery
—*
—
B__
•
$7
2%
19%
com-—-15
———1_—-50
Mills
Power
7%
.2%
,
49%
•51
3
Aug
20
July
48
Aug
51
OCt
1%
preferred
11 %
10"
•
19%
9%
1
_•
9%,
200
1%
1%
Jan
500
"l%
30% Aug
12%
Jan
7a July
% Mar
700,
U
19%
19%
7
2,900
%
_•
1% July
Feb
25
1
—
voting trust ctfs
Feb
1
200
..
*
...
Royalty—
1%
1%
8% Mar
Aug
-
Jan
18
300
51
1 Yu
—1
7% May
700
20
Corp
Equipment
Iron Fireman Mfg
1%
.10
——
Razor
Investors
18:
coupon' shs__•
Registered
Irving Air Chute
—
Italian Superpower A
Aircraft
Jacobs
(F L)
Jan
20% July
7%
Jan
11
%
Jan
17%
225
'■
;
.——1
—1
v
110
Jun
i96 July
% Jan
Jersey Central Pwr & Lt 5%% pfd—100
99%
98%
Ken-Rad Tube & Lamp A
100
Jan
109
Sep
Jan
July
20%
Oct
Oct
Apr
"3%
4%
1
Co Ltd
90
~3% 1%
.—I
Kirkland Lake G M
Kleinert
Knott
Corp common.—
Kobacker
.
'B
Inc
Stores
61
% July
55
Feb
July
Sep
Feb
4
Sep
57a Mar
% May
Feb
16% July
%
'/a
100
15%
Mar
1% July
16
Aug
Feb
11
Aug
16
Jan
21
'May
30
100
% Jan
84
%
100
11
iV Sep
8%
1
109% 109%
109 %
.100
:
11/0
X8 %
.—1
11
x8%
._10
-
—
Jun
Oct
Jan
12
"loo
preferred
Kresge Dept Stores—
4% convertible 1st preferred
Kress (S H) special preferred
Kreuger Brewing Co
113
48%
111
2%
*
Koppers Co 6%
Jun
4
::io
Rubber Co—:
(I B)
Oct
Feb
5%
1,000
•
Co
12%
23
Jan
I.juii)
5
common
Emil)
(D
Feb
124
9% Mar
9%
45 %
10
52
48%
.100
—1
——
Petroleum
Kirby
300
1,200
112
112
.100
—
Kingston
12%
5%'Jun
112
J 00
9
At
1,500
7%
Feb
Jan
109 %
Allg
96% Aug
137a
Jun
974 Mar
L
Lackawanna
Lake
RR
(N
Wells Co
preferred
(R G)
11%
Feb
Z25
;
83
Jun
93% Mar
132
Jan
136% Aug
35% July
29% Jan
9%
Feb
Sep
6% Aug
3% Mar
111%
Jan
108
Jun
110
Mar
xll5
May
6
Jun
10
—
————
Groceterias
Aug
300
3
Mar
100
25
Feb
Class
A——.
27%
30
13%
13%
&
13%
Louisiana Power &
Jan
6%
Apr
5 Vb Mat
42
Oct
174 Aug
Oct
26%
Aug
30
10
137a AUg
1074
Apr
Feb
22%
Feb
25%
Jun
2%
2%
600
1%
Jan
3%
Jun
23%
—10
23%
50
18%
Jan
23%
Oct
17%
200
15
Feb
17%
Sep
10%
9,400
Jan
10%
Oct
1 VB
2,600
Feb
17b
Jail
78%
550
51
Jan
78%
1,100
49
400
200
13%, 14
2%
*
.17
10%
l
10%
Vh
1
-
,
76%
68%
7%
■
—76%
68%
—i
Exploration.
%
27,100
1,100
29 V2
Ills
Chain—
Land
1%
Feb
14% July
267b Mar
42
a
Long Star Gas Corp common—. -10
—*
Long Island Lighting common—
1% preferred class A—_—x.. lioo
.100
6% preferred class B
Louisiana
1%
1%
110
Jatt
5
.
Aug
4
Jan
9%
4
4
1
Inc„:
Co
—
Locke Steel
Feb
42
Lipton (Thos J) Inc 6% preferred—25
Eit Brothers common——x—. _—*
Jan
Jan
105 %
1
Lionel
Material
Loblaw
2%
160
800
—
Development..—_
Corp
500
*
:
July
4% Oct
13%
21
Oct
Line
:
;———x—.
Convertible
Le Tourneau
1,000
4%
187b July
Jan
109% 109%
•
109%
Jun
7% May
Jan
3%
4%
2%
59%
Jan
12
3%
~4%
Jart
37
2,900
Bakeries class
B—
Oil
280
17
13%
Lefcourt Realty common——
Leonard
54
common—
Langendorf United
Class
•
16%
-
Lakey Foundry & Machine.
Lamson Corp of Delaware-—-,
Lane Bryant 7% preferred.
;
!
Lane
53
16%
53%
—1
J)
Ltd
Mines
Shore
8%
30
100
Jun
•
36%
110% 110%
Sep
'j.U'
..
—
pfd———7 7o pfd B
preferred D
Products
5%
—,
i
82% May
5%
104
22%
-
21%
Jun
5%
Feb
108%
12%
12%
—5
Feb
6%
92
preferred— .100
7%
Inc——
Kennedy's
Jan
400
170
127a
K
Kansas Gas & Elec
4%
800
99%
100
preferred———
30%
9%
Feb
,
Julian & Kokenge Co
x40%
8%
87%
108
20
300
5'%
425
99 %
108%
100
'88%
Jan
102 % 104-
800
7
Apr
Jan
2%
5% '
103%
7%
400
278
5
2,400
1
preferred——.—-100
36%,
;
1,800
8,800
120
% 5%
6 % v.
4% Aug
3%
11
5%
;
5%
85
Aug
1% May
11%
3%
3%
11%
*
Glass Co
1,100
9%
■
18
Engine Co
Co
6,000
9
*
•
Gypsum
66'%
Feb
Mar
international Minerals and Chemicals-
%
7%
—
Jan
22%
1%
50
.1.
series
61%
41%
A
:
preferredLime & Alabastine
$6
11% Mar
Feb
13%
Pacific Tea—
Greenfield Tap & Die—
42%
106
Electric—
41%
25
•
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd
•
Great
40
•
34%
35
common stock
—*
preferred————~——100
1st
Jan
1,150
1,900
5%
Non-voting
7%
Mar
16
8,200
■
8
Co.
Atlantic &
Great
Oct
Jun
May
17%.
12%
.
Mfg
15
51%
55
107
——*'.
Mines——1
*
$3
preferred
—
*
Gorham Mfg common
10
Grand Rapids Varnish—:——
_1
Gray
106 %
10%
Inc class A——
Gorham
Jan
17
Consolidated
Goldfield
Oct"
50%
17
•
——
—-
—
Mar
9%
class A——.——-•
B
114%
10
May
51% Mar
•
—
preferred-
111
100%
11%
15
200
,'54% ' 54 %
Jun
41%
49%
49%
•
*
•
Oct
200
53%'
2%
Sep
8%
•
277a
27%
110%
110
2% Mar
2
Godchaux Sugars
Class
2»A July
Jun
87
Gladding MeBean & Co————*
Glen
Aug
2%
—
Co
Gilchrist
102
Jan
87%
—
(AC)
Jan
74
115
1
preferred—
Georgia Power $6 preferred—
$5 preferred
Preferred
136
79%
50
:_1
$3
Gilbert
Jan
60
80
79
•
Water Gas & Electric common
Gen
Jan
preferred——*
convertible
$6
stock
A
14%
1017a 102
102
preferred—*
$6
8 % May
21% July
Jan
8
50
900
19
•
pfd—100
Outdoor Adv 6%
8%
8%
18%
*
—
preferred B
ueueral
•27%
'53%
_10
Machine
Klein
;
Electric Co Ltd—
Gen
% July
&
Jan
Jan
40
•
-
13
11% July
-
July
10%
4,150
58
100
common
674 Jun
137a July
Jan
;_1
North America-
Cigar
Kitnberly-Clark 6%
preferred
Jan
800
Sep
Apr
July
9
—100
of
Co
International
Kings Co Lighting
5%
13
Apr
100
:
common
c
KeyiCo common—.—:
Gatineau
Jun
Apr
4% July
37
200
18%
80
84
30
16% Aug
17%
17%
56.
li^'u
5%
Jan
27%
26%
26%
1.25
Brewing new
——
1
Fianknn Co Distilling—'—
1
Froedtert Grain & Malt common1
Fuller (Geo A) Co———
:—
t.
$3 conv stock
——
-100
4%
convertible preferred
(Peter)
Fox
9%
:_l
Insurance
7 %
of France—
rets bearer—-.
Motor
Ford
750
July
6%
19%
400
23%
22%
voting
B
15 %
5
Common
Jeannette
22%
53%
Jan
4%
;
25% Mar
60
6Vs
5%.
6%
12
Jan
9%
1,500
6,600
5%
—100
—1
Industrial Finance
Jacobs
£1
Aug
Jan
43 %
6,100
.
Sep
Ford Motor Co
Class
Oct
32%
11
-10
Association
11% July
Jan
10,100
-25
Warehouse Co
(Phila) ————
Ltd—
Am dep rets ord reg
Ford Motor of CanadaClass A non-voting
Compress &
Federal
Fire
1,200
3%
3
34%
IIb
—
10%
10%
%
Jun
11
Britain
preferred
$3.50 preferred
16%
•
Metallurgical-
Fansteel
3
1
1—i
Brewing-
Falstaff
10%
1
13%
.
10%
*
:
Interstate
.—1
July
3% July
Jan
!
Great
:
Service
Interstate
& Inst Co—
Engine & Airplane
12
9%
£1
Canada—x
of
Tobacco
Interstate
Fairchild Camera
11%
800
13%
„x*
1
—
Oct
% May
100
10%
34
,
Sep
65% Mar
29 %
Industries-
27%
99
10%
Chemical
110%
Jan
33
Imperial
—£1
Apr
Jan
11
Indianapolis P & L 5%% preferred_100
Jan
20%
10%
11%
88%
83%
300
14%
Jan
46%
25%
10%
Imperial
200
300
58%
4% Jun
53
9% July
16 % Sep
3,300
94%
97'%
Jan
19 %
48%
Sep
2%
13%
Jan
95 %
3,400
52 Va
Jan
7%
4%
12%
;
52
11%
Xll3/a July
13%
.50
Co—
Jan
Io%
-50
preferred
Zinc
33%
5
Jan
"
Illinois
350
35%
6%
10%.
52%
i_*
.1
———
Sep
300
13%
ctfs———;
arrear
23%
.
Jun
8
Jan
3% July
1—8
Am dep rets regis
Imperial Oil (Can; coupon.:
Oct
25
45%
Sep
4
*
common—
preferred
conv
Dividend
3%
4%
—1
———
Securities—
-flygrade Food Products———
Aug
1,300
12
IIIi
Electric
Illinois Power Co
1,200
10%
38%
1,600
7%
10%
*
.
preferred
Hydro
Aug
1%
14% May
-10
—
Huyler's common
1st
,
Co__
52
8%
58
—
Corp—;
Ligonier
Jan
7%
%
Hussmann
Jan
525
1
Fibre
Hummel-Ross
40%
7%'
Ills
High
Low
39%
40%
Range since January I
Shares
High
Low
_•
xx_—,
Mar
38%
-15
Refining
%
37%
II
&
24%
37%
!
Oil
for Week
Range
of Prices
Par
33J/2
49%
Last
Sale Price
Humble
Sal^s
Week's
Friday
Exchange
Curb
75
25
1%
50
8 %
.—1
York
7,600
33
:
~~
Inc
Eversharp
1,800
1,250
1%
97%
Corp common
convertible preferred-
Eureka
2%
33
5
Equity
Esquire
11% July
43 7a
94%
common———
Power
Derrick
Jan
,
preferred
5 7c
Empire
9%
42-
,—
District Electric tt
Emmre
400
43%
—;
—2d pfd A—
conv
10%
48%
Option
warrants
Electrographic Corp
Flain National Watch Co
Co
8% Aug
4% July
74
Power & Light
Elliott
Jan
Jan
50
Bond & Share common—
Electric
3%
2%
2%
%
~1 %
preferred v t c
*
—
Easy Washing Machine B——,—
Economy Grocery Stores—
Electric
100
_.
$5
Jun
500
72
..
preferred series A
—
$6 preferred series B—
Eastern Sugar Associates—
81
7%.
.100
$7
Feb
3%
73 %
-25
Corp
Stares
eastern
Aug
33% July
10%
2
.—
Feb
7%
.100
prior preferred
4 % %
50
75%
3%
3'/a
Gas & Fuel Assoc common
East
Feb
80
Feb
74
•
1
•
common
common—.
7%
Jan
67
26%
75Vz
75%
6
High
Low
10
—*
Co—
Duke Power Co
New
6%
*
——
OCTOBER
Range since January 1
Shares
Ltd———-*
Dominion Tar & Chemical
ENDING
STOCKS
High
Low
WEEK
for Week
Range
of Prices
Par
FOR
'Sales
6%
114
Light $6 pfd—.
U
14
July
Oct
114
71
Oct
67a
Feb
8
May
10
7%,
Jan
7,900
71
109 %
Jan
114
Oct
2674 Mar
32
July
July
Lynch
Corp
IIIa
common
30
30
30%
350
M
Manati Sugar
H
Hall
Lamp
Hamilton
Hammermill
Ltd—.
Co
Paper
•
10
—
Light
Hartford
Electric
Wart.ford
Rayon
Harvard
Brewing
ctfs
1
Co
Corp
5
6%
preferred
Hecia
25c
Jan
Mar
27
July
Jan
52
Marconi, Internat
Aug
800
1%
Feb
2% July
"7%
Heller
4%
7,100
2%
Jan
4%
Marion
6%
400
5%
Apt
27%
400
26%
Apr
0%
6%
1,000
3%
Jan
45%
220
41%
Jan
7%
7%
2,500
6%
Jan
,
7%
30
Apr
Co
2
common
Jun
Jan
7% July
48
July
9% July
Mass
McWilliams
Mead
common
Hoe
(R)
&
Hormel
Co class A,
Co
(A
Horn
&
Hardart
Horn
&
Hardart
For
May
Merritt
24
Sep
&
Chapman
Warrants
4%
400
3%
16%
200
14 %
Jan
16%
Aug
200
18
May
22 %
July
Metal
1,300
24
Feb
.27%
30%
4%
32
Oct
Jun
"9%
Co common-
6 Y% %
A
8% May
11%
Jun
50
13% Mar
15%
Jan
Michigan Bumper
footnotes
12
Jun
13
Mar
Jan
40
May
see
;
page
1553.
Feb
27B
Jan
1.700
8% Mar
13
Jan
165
4%
~9%
,
■,
29%
30%
525
5
25%
110
20
20%
300
17%
July
8% Aug
119
3%
Preferred.-l
Middle States
30'/8
Oct
113%
Apr
Apr
—
20% Mar
Class
Middle
B
v
West
t
9%
3.400
T%
138
3%
50
105
3%
3 %;
21.200
100
6
Jan
7B
99»
—
common—
1
.—5
July
Oct
47b July
81
10
2%
110
July
Sep
Sep
Aug
3% Aug
1%
Jan
Jan
4
Jan
44
Aug
Jan
116
Mar
3%
3%
100
2%
8-
8%
Jun
874 July
27»
110
.2.50
Jan
Sep
36
~_Il
Jan
Jan
41
300
3%
8%
3.700
4%
1%
500
Apr
Apr
II Mar
May
4% July
87o Oct
1% Aug
77a July
6
Jan
5%
Jan
12 %
%
300
10%
12%
3.700
13 %
13%
8
Jan
1374 May
2%
2%
3,700
15/B
Jan
3% May
11%
12%
13.200
97B
Jan
6%
12
'
Petroleum class A v t c_l
c
Corp
78
15
1
Micromatic Hone Corp
Jan
50
3%
'
—x_. .—10
Apr
Aug
700
%
2
104.
3%
4
9%
2%
1
60
163% 165
Michigan Sugar Co
•
Inc
x——
Michigan Steel Tube.
33
100
*
D
11%
1 Vb
Corp
8%
6,400
12
Jan
Sep
1% Mar
1.500
_100
:—
.1,600
116
$
%
Jan
7%
,_25c
—-—«.
Corp
10
6%
4%
-
——
preferred———
Textile
26
Jan
7%
78 '
9%
•
Oct
'57b Aug
Jun
Aug
474
6 %
163%.
'
14%
Jan
Sep
Aug
3374 Mar
11%
1.
9%
1
.
Baking Co
(Harvey)
—
Participating preferred——
Metropolitan Edison 0 preferred-
3%
90
7%
&^Scott—"
Messabi Iron Co
21
Aug
13 %
Jan
6%
common
—,—,—
1.000
8%
.—1
CoJ
Stores
*
& Co common
preferred
Hubbell
12
u—,
Memphis Natural Gas common
•
Inc
Horn
5%
Jan
Mar
t
14%
S
common
(Geo A)
C)
Mercantile
20%
4%
20 %
10
Consolidated G M
Hollinger
Holophane
Herder's
2.50
13% July
v
Mfg B
Dredging
16%
5
-
Jan
Feb
5
8%
common.
Johnson
19
May
2%
1%
5%
3174 May
—£1
Ltd.:
Association
Utilities
Massey Harris
Jan
9%
1
Rubber
Heyden Chemical common
800
.17
Co
McCord Radiator &
Jan
12
•
Common
Hewitt
1.100
13%
81
Steam Shovel—
10
*
Henry Holt & Co participating A
2%
12%
Margay Oil Corp
11 %4
Rubinstein
Helena
2%
13%
Marine
Communication
1%
45%
%
2%
.—_1
—
1%
6%
6
50
Mining Co—
Sep
26%
*
-
9%
5
3%
of America B non-vot com—1
Dept Stores common-
Jan
Sep
47
1%
1
Hazeltine
5%
xl9%
—25
voting trust
Hat Corp
Hearn
9%
900
4%
9%
8
Co
Bridge
optional warrants—.
Mengel Stores——
$5 convertible preferred
Mapes Consolidated 'Mfg CO——
~2%.
12%
'
6
»
200
12%
Oct
Oct
Volume ,160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
1551
NEW YORK CURB EXCHANGE
week ending
range for
october 6
'
New York
Week's
Sales
East
Curb Exchange
Range
for Week
Sale Price
of Prices
New York
Shares
Low
Por
Range since January 1
High
Low
''•/
9
10 Vi
Sep
Steel Products—
Midland
24%
■
20
Jan
26
27 fa
425
23%
Apr
2%
500
1% May
8%
500
8%
Jan
15%
Jan
'2% "2%
27 Va.
Abrasive-——_—...50
100
2%
Feb
2% '
8%
.
Co———--—10
Midwest
Oil
Midwest
Piping
& Supply————*
'!
Refineries——————--1
Mid-West
100
•4?* I—,
Midvale Co common—...
Mid-West
24%
shares™,-—!-*
$2 uon-uum dividend
1%
Mining Corp of Canada
,_—*
Minnesota Mining & Mfg—
ii,—*
Minnesota Pwr Hi Light 7 % pfd—-100
61
.103
103
103
2
105
Co
Mfg
Co..—
Governor
Pierce
Gold
Sep
Pioneer
8%
Jan
11%
Sep
I41/4
3%
12
8% Mar
2%
2%
700
9%
100
165.
Feb
•7
9%
July
Oct
37%
25
1%
1%
1,800
*61/4
1,000
6 Vo
„
61/8
Apr
19
28
Feb
38%
Via
5%
10
18%
100
13%
141/4
100
11%
Jan
IlQO
——
64
Oct
117a Aug
Sep
337a
Jan
7%
57a
Apr
227a
Jan
39%
16%
100
127a
Jan
187/s July
3A
4%
5,800
26,300
1%
Jan
37a Aug
8%
800
3%
47r
8%
:
200
4,200
3A
'374'
:
7%
39%
167a
874
43
61
62%
10%
11,
;
2%
11
Apr
Jan
55%
500
,
1,200
Jan
37 %
360
'
,118.
118%
4%
4%
10%
100
4%
13%
IOC
3%
372
10%
400
2
■
57/a
5
Jun
1372 July
Jun
5%
Jan
200
Sep
1217a
Jan
500
Oct
Jun
63
,
3 72 Jan
1372 Aug
13 % Feb
137a
Oct
9%
Jan
:
July
43
Oct
95
.
8
Sep
7
25
43
Sep
17
Jun
May
Mar
15
Producers
America-
"l 7b
.1%
17a
14,200
472
Jun
10%
Sep
July
—1
34
July
1A July
Jan
Jan
487a
Jun
131/4
•'
Sep
11%
12%
1,300
67a
Jan
%
127a
%
1,400
a7a
J an
72 Mar
10%
300
6%
Apr
lQ7/a Aug
87a
100
•
10
10%
Prosperity Co class B
7
Jan
18
43
nil
8%
Gas_.ii---—
Providence
6
2672
common....
of
.
.»
Corp of Nevada...,
Metals
Pressed
Sep
Inc
5%
y
.
nil
Mining..—
Prentice-Hall
Mar
80
Canada.....—
Premier Gold
10%
74
'
Pratt & Lambert Co————
10% Mar
Jan
10
...—.5,
Alexander..—,
&
Power Corp of
Oct
14%
6%; Jan
Muskogee Co common
:
28%
Aug
10%
.
87a May
.
200
—10
Powdrell
136% July
18% Oct
Jan
U41/4
I~2%
400
'
Sep
36
Jan
37 Va
/
■6172.
Sep
Jun
23
Apr
18%
Murray Ohio Mfg Co-———
Muskegon Piston .Ring
11
29
'
39%
Polaris Mining Uo_———25c
6% July
Jan
Feb
127
~7%-
.
118
Jun
2
1% Jan
18
1331/2 133%;
10%
Jun
Mar
1587a
Jan
7
■
3.100
10%.
9%
,
50
common—.—.
Jan '
125
25
,
Sep
37a
68
Sep
178% July.
May.
157/a
300
23
22%
23
-
preferred
450
"l%
—*
States Power commonIlioo
Mountain States Tel & Tel—-_
Q%
120
18%
37%
Investors partic pfd—
Mountain City Copper common——5o/
10
Mountain Producers———
Moody
Mountain
176%
18
18
54
1.600,
156
29
Pittsburgh Plate dlass..
—.—.^.25
Pleasant Valley Wine Co.
1
Plough inc common——————7.50
Pneumatic Scale
174
176i/2
V
10%
Pittsburgh & Lake Erie..—j.—50'
Pittsburgh Metallurgical...—..
...10
Sep
July
4% Aug
2% Aug
Feb
1%
21/4,
9%
.
28%
Jan
1,900
3,600
10
3%
14
600
14%
.9%
3%
High
184
Jan
31
Piper Aircraft Corp com....1
1
Pitney-Bowes Postage 'Meter..——.*
1,
Pitts Bess & L E RR
jt
Montgomery Ward A————
Montreal Light Heat & Power-
Ltd.:
115%
Judson
56%
156
—*
common™.
Jan
Name
160
50
————*
—,—.——1
109%
Voehringer—
;
changed to
Mojud Hosiery Co Inc
:
2.50
MOlybuenum Corp———————1
Monogram Pictures. cpmmon—-—---1
Monroe Loan Society 'A—————1
Montana Dakota Utilities———.i—10
' 56
100
———
—
Mines
Low
183
27» Mar'
56%*
—*
Philadelphia Co common.,—.———•
Power 5%> pfd..———25
Phillips Packing Co
Phoenix Securities common———1
May
July
Range since January 1
Histh
183
,
Shares
...—,—2,50
—
Co.
—
Phlia Electric
Aug
97%/ Jan
10
———-..-.50
Co.
for Week
Low
Par
Pharis Tire & Rubber.
Sep
65
Mfg
Perfect Circle
3V8 July
1V2 Mar
52
850
Traffic
Peppered
.
2% Aug
July
9
22%
Salt
'
Penn Water & Power Co..
25% Sep
30
July
Mar
100
1%
61
59%.
Mississippi River Power 6% pfd—i-100
Missouri Public Service common
*
;•
Jan
Penh
Penn
Midland Oil Corp $2 conv preferred—*
Mock
High
Sales
Range
of Prices
Last
Exchange
Sale Price
'
/
Curb
Week's
Friday
STOCKS
Friday
STOCKS
7% Mar
8V2
Oct
Public, Service of Colorado—
6 %
7%
N
Nachman
Corp
2%
18%
100
2%
—-——
.
2%
8,200
36%
National
12
12
11%
35
Jan
44% Mar
11%
Sep
6,100
xll%
Sep
100
11%
4%
Jan
6%
6%
100
13%
10%
10
600
preferred—.
2%
700
■
6
•
,——5
(Herman)
preferred-.
—:
Zinc—
N
Y
9
July
9
Feb
64%
108% 109%
13%
.100-.
13%
19
2d
63%
3%
29
•
15
108%
———-
15%
Republic
Rice
Jan
Mar
;-C;
68%
68%
3%
10% Mar
30% Sep
1
Richmond
.
y
Rochester Gas & Elec 6%
Jan
15
Oct
Jun
Rome
102
Jan
106%; July
13
Jan
60
60
111
Jan
75
Jan
2%
Apr
875
74%
Feb
65
80
6%
6
6%;
.
3% Jan
86
Sep
77
May
Jan
>V
Apr
105
12%
Jan
.
-1
%
2 .V
.
12%
10
12%
Light & Power common —1
•
preferred™—
L— '
Mt
14% July,
Jan
12%
Sep
1%
Jan
2%
Feb
%
109
4%
150
12%
Jan
Va
Jan
Jan
100
110%
%
;
:
1,100
9,800
103
Cable
pfd D
Northern Indiana Pub Serv 5 % pfd
States POwer class A—.
Oct
1% Jun
120
Apr
St
Samson United
Sanford
37'/a Juiy;
Savoy
Schiff
28
37
July
5474 Mar
100
11%
3,800
Jan
11,100
1%
24%
27a
Jan
1% Aug
42% July
A
1% Aug
Scovill
Apr
Scranton
AUg
~6
"67a
15%
■
1674
14%
12
July
116
Mar
1%
500
374
16.500
500
11
3%
1,400
.
2%
2%
"
6%
7
2%.
6%
Sep
17a Mar
472 July
17a July
Jan
Jan
1,300
109
15%
Aug
10%
1,600
7
Jan
July
1374 July
16% Aug
Va
200
'■:■
2%
26 Va
,
Jan
1057a
13
Oct
Jan
■
1,300
/ -13
Sep
II May
■274 May
800
272
5
Sep
Feb
147a Aug
Jan
18%
1874
,
200
1874
37a July
Feb
~9%
"974
;
4%
4%
9 72
9%
IIIi
3%,
~9%
2,900
1,400
4
Aug
Mar
18
Jan
May
8
Jan
10
37a
400
10 Va
8
19
1772
5,200
5
Apr
Jan
167a Aug
-20
3
•
Jan
5
47e May
...
1%
107a
Oct
Sep
4% Aug
Jan
67a
8%
9 72
167a
5%
.
9%
5
574
■
9,800
15,000
5%
600
20%
27/s
3474
672 July
Jan
4674 July
2% July
14
475
32%
Jail
l7/s
7,200'
73%
Oct
6% July
107a July
Sep
32
1,800,
.2%
70%
2%
73
167a
2 74
225
2%
,
,7%
700
44%
18%
207a
——1
preferred...———25
3% July
2% Mar
1174 May
478 May
27a
42
common—
100
4,175
3
147a
167a
5%-
50
Manufacturing
$6
Elec
25
—
3474
2,000
Feb
207a
Jan
:
1%
Jan
50%
Jan
Jun
15 % July
27% Mar
Seeirihh Bros Inc
104%
Sep
2774
Jan
114
*
pfd
Spring Brook Water Service—
,$6 preferred
—
—•
Scullin Steel Co common...——
,.*
Securities Corp General
1
Sep
23.
Apr
12
Jan
7%
6,900
26%
Jan
Oct
52
44%
Mar
21% July
1174 Jan
100
Jan
July
24%
Jan
127a
.
l7/a
.
Oct
374 May
Jun
75
Scranton
Jan
104
200
14%
26
.
July
15%
15,500
24%
6%
Corp common,—......1
(D A)
Convertible
5%
,
T
113
103% 103%
44%
Mills—
Schulte
52% Mar
% Jan
14%
41%
2
Oil "Co.i——5;
Co common——__.—.*
27% May
100
'4% Jan
-25
16
48
Regis Paper common
___5
Dome Oil Co
—I
200
——
Jan
2,400
42%'
Salt
33%
.100
Northern
24%
common—..—, —8
Corp
St Lawrence Corp Ltd..
Class A $2 conv pref
33%
.50
-
23%
100
Ryerson & Haynes common
33%
10%
Apr
40
Ryan Aeronautical Co
^—— —1
Ryan Consolidated Petroleum— ■■I.*'
33%
10%
May
1172 July
174
11,300
100
—*,:
Russeks Fifth Ave—— ,2%
"l% ."!%
__1
——————
85% July
157
Apr
Jan
Royalite Oil Co Ltd..—
33%
8% prior preferred
—50
.
*.
North American Utility Securiaes^Northem Central Texas Oil-.5
1%
1
$1.20 convertible preferred.
33%
North American Rayon class A.,
Class B common—-————
Jan
:
6% July
Jan
—1
—5
717a
149
107% Aug
10%
3,000
.
Jan
9%
11%
May
1474 July
13% July
Jan
■fe Mar
Jan
5%
900
.100
12%
1%
24%
Roosevelt Field Inc.——...— —5:
I
Petroleum Co—i—
17% Mar
Oct
May
108%
Va
...5
87a
Roeser & Pendleton Inc
117
45,500
72%
72%
80
Radiator.—™——.1
.
Rio Grande Valley Gas Co v t c
Jan
17128 Feb,
—
'
J.1%
30
•
170
17
Jan
:
12%
A vution..—1
Dry Goods.-————.—.*
warrants————
112%
84%
83%
—
—-
Corp
4% July
Jan
3%
3
.100
North Penn RR Co—
Mar
35
Stix
60
16%
81
,152
Richfield Oil Corp.
600
108% 108 %
81
1%
Root
North Arner
Novadel-Agene
Oct
10
105
105
■■
100
151
Jan
Jan
11
107a
50
114% 114%
15%
preferred-
Northeast Airlines
13%
20% July
21%
100
29%
15
114%
—1
Nineteen Hundred Corp B—
Nipissing Mines——.
Noma
Electric
£6
Jan
7% Jan
Niagara Share class B common-
'
!
64% July
3% Feb
35
..10
—
preferred
A
'r
Jun
Apr
2%
Class A optional warrants.
Class B optional warrantsClass
Sep
Aug
109%
H
54
1,600
2,000.
12%
81.
152
Radlo-Kelth-Orpheum option Warrants.
Railway & Light Securities
Voting common.™.
.10
Railway & Utility Investment A_.__._l
Rath Packing Co, common.—...s—10
Raymond Concrete Pile common.:
—•
$3 convertible preferred
——•
Raytheon Manufacturing common—50o
Red Bank Oil Co.———1
Reed Roller Bit Co—.————*
Reliance Electric & Engineering-.—S
18% Mar.
300
64%
2%
pfd .100
Q% pfd—: .100
Nlles-Bement-Pond
.21
Apr
Apr
3% Jan
Niagara Hudson Power common¬ .10
s'/*
1 st preferred————-, .100
5%
Jan
-
6%
*/'
N Y State Electric & Gas $5,10
Y Water Service
7%
64%
Feb
104
'
19%
64%
Merchandise—-i.. .-10
shares—.
Jan
47%
110.
Co common
Honduras Rosario
Founders
Jan
3
19%
■$6 preferred—————
N Y Shipbuilding Corp—
/
■.
6% May
5%
City Omnibus warrants——
&
Oct
200.
500
12%
9374
100
R
July
10%
200
•
N Y Power & Light 1% preferred, .100
N
88
Jan
18
125
-i.——-
■■
Y
Apr
4%
,
250
'■,
Co
Power
'
New Process Co common———i.—
N Y
85%
v
3,000
1047a
13%
1272
common—..
———* ■
preferred..————.s——100
6%
Quebec
Jan
8
109%.
New Mexico & Arizona Land- ,-1
N
114
7%
*:
■
Y Auction
May
•
Clock Co——————
New Idea Inc common
a.—
Jun
147b July
1047a Aug
29% Mar
7%
63%
.100
118
Jan
'11%
7% July
.
110
—•;
New Haven
N
Jan
8
100
dreferred-
Jan
1072
6,500
13%
2% Aug
Jun
Jan
7%
England Tel & Tel——
New Jersey
Jan
8
,
Associates-.—
New England Power
S2
3%
40
10%
8%
10%
Nestle Le Mur Co class A—
6%
1%
111% 112
1
pfd——
Corp.
Neptune Meter class A
:
11%
26
Nehi Corp 1st
New
200
,
—.
Nebraska Power 7% preferred
Nelson
9% July
13% Sep
1,600
.
2%
5%
104
10472.
Quaker Oats
15% July
25% July
2,600
13
2%
5%
Radio-.
Co
Oil
Navarro
12%
13
National Tunnel & Mines common
Union
-'24%,'
13%,
Sep
July
Apr
18% Feb
;
13%
13%
7% July
14
12
8% Jan
24
24
National Transit.——————
Sep
12% July
Jan
12
National Sugar Refining———-
xlll
14% May
,
9% Apr
700
10%
10%
14
Steel Car Ltd
National
Jan
Jan
2,600
12%
11%
National
Apr
1147a
100
I———i—i—10
$5 prior preferred.....
Puget Sound Pulp & Timber.—--——*
Pyle-National Co common...——-—8
Pyrene Manufacturings———.—10
2% July
32% Aug
Feb
35
37
Rubber Machinery——-
108
1common
Sep
35
36%
National
18%
Jan
1%
.
28
1% 'preferred ,1—.u——
National Candy Co———
National Tea 5% %
Jan
14%
National Breweries common—
City Lines common——
National Fuel Gas—
National Mfg & Stores commonNational Refining common--.—
—
Puget Sound Power & Light—
18%
Bellas Hess common-
National
,
1st preferred—
1st preferred—
100
84
91
10%
1072
4%
47a
■
43
91
64
Feb
1,210
10%
Sep
1,400
9%
2%
400
4%
100
7,300
1,300
Jan
Apr
Jan
40
1
43
35% Aug
114
Sep
93% July
127a Mar
4 % Sep
487a Jun
'
"278
0
'
Ogden Corp
Ohio
4
common————
Brass Co
class
B common- ._-.*
~~~
:ioo
Ohio
.100
Oklahoma Natural Gas
'
pfd—.
Overseas
3% May
2.900
18%
4%
Feb
24% July
Jan
22
22%
50
114
■
114%
60
112
Feb
116
AUg
40
115
Jan
117
July
107% July
114%
115% 115%
115%
.100
——
common- ..15
Oliver United Filters B—
Omar Inc—.—
4%
»;
Ohio Edison $6 preferred———.
Ohio Power 4%% preferred
Public Service 7% 1st
6% 1st preferred
——
4%
4%
Jan
108
27%
28%
2.900
9%
28%
9%
18%
200
,
Jan
.11274
113
,
Feb
Jun
2874
Oct
7 % Mar
6
1
Feb
974
Sep
6%
III
—
Aug
8
—_
Securities—
Jan
9%
Oct
Selected Industries Inc common—
Convertible stock
$5.50 prior stock—
certificates—.
Denn
!
cum
.1
174
Can Co common—*
Pacific Gas & Elec 6% 1st pfd—
25
5% %
1st
preferred-————25
Pacific Lighting $5 preferred...
;•
13
•
'
■
'
73
Mining
73%'
1st
preferred
Page-Hersey Tubes
common
Pantepec Oil of Venezuela
33%
33
33%
200
32% Jan
107
107%
150
106% Mar
10972 May
107
107
Paramount Motors Corp
Parker Pen Co
!
—,
17a July
Jan
Apr
6
Aug
107a July
2%
Feb
37a
374
374
1.200
,
113% 114
Plymouth
;
common
...
$1.40
preferred A
Pennroad Corp common
Pennsylvania Edison
series
$6
Power &
com.
—
Light $7 preferred—
footnotes
6
Feb
20% May ;
Simplicity Pattern common—
Singer Manufacturing Co..
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
83
Sep
Sioux
Apr
9
Jan
Smith
6% Mar
9
.
City Gas & Elec
(Howard)
7%
Paper
v
104
Aug
110
11074
Apr
115%
Feb
Jan
3474
Oct
Solar
Aircraft
Jan
22
May
Solar
Manufacturing Co
Jan
50
Mar
Sonotone
*
34%
Jan
,39
Sep
Soss
Jan
South Coast Corp
34%
33%
18
,
500
18%
300
•
«
page
1553.
.24
28% Aug
5%
5%
'
5%
5.700
4%
64%
43-
1%
107%
.
Jan
Jan
Mar
1%
1.000
%
Jan
106% 107%
200
94 Va
Jan
1%
103 % 105
30
00
Jan
3372
.
5% Jun
South
Penn
76
Sep
Southwest
Sep
Southern
2% Aug
105
£1
....
15% July
21
Aug
1374
Jun
16
Jan
26
1574, 1574
100
■
'
—
'
3%
265
...
257
'
4%
3%
Jan
32
Jun
Jan
4
July
Apr
275
265
4%
160
Jan
■
274
200
229
2%
400
Feb
Jan
12% Mar
108
pfd—100
Mills.
Sep
Oct
Co
*
,
4%
111
1672
Sep
Jan
Jun
.
.......
3%
2%
Jan
5%
47a
5%
1.600
572
300
3%
Jan
6% Mar
2%
2%
1,300
27a
Feb
3 74
474
Jan
8% Aug
272
Jan
37a Mar
40
Apr
457a July
28
Mar
31
July
37
Mar
44
Sep
...1
1
Pipe Line
California
1%
7%
8%
2.700
l
3 %
37a
3%
200
25
common...—.
42%
42 %
200
•
42
10
Apr-
Edison—
5%
original preferred
6%
preferred B
preferred series C___
572%
4 7a
.....1
common
Oil
Pa
472 July
,_1
Corp.
Manufacturing
4574
109"
1
Feb
.Aug
21
...•
—100
Jan
Feb
July
16%
**•
see
Aug
32'
10
*
preferred..
For
.
107
Feb
6%
10.700
pfd_*
$2.80
Penn
8
,
1
1
Co $5
7%
23
—
series preferred.
Penn Gas & EIpc class A
Jan"
80
7%
Jan
Jan
5
19
I,I_i
Mills
Peninsular Telephone
-
96.%
preferred....
Apr
Apr
9172
12
*
;
—
3%
13%
12
600
9974 101
101
*
—
>
,
Parkersburg Rig & Reel.
Patchogue
30
Ltd
common..
convertible
$3
80% Aug
6%
Simmons-Boardman Publications—
July
35% July
Jan
<
Jan
100
38
1.300
—..*
Am shs,
Jan
37%
——*
.
35
36%
Jan
67
150
%
3%
—._5
pfd series AAA
Breweries
174 Mar
10% Aug
817a Aug
»
Silex
Co
Apr
Feb
..1
157a Jun
37%
Pacific Power & Light 7%
pfd—100
Pacific Public Service...—.——.!1
$1.30
Jan
July
%
Sherwin-Williams of Canada——.*
Sick's
Pacific
22
9,700
100
Shawinigrm Water & Power———___*
Sherwin-Williams common.:
—.25
5%
117a July
Feb
69
class B—
27a July
Jan
67a
17a
——..I
Seton Leather common——.
Shattuck
Jan
,
6%
——
Control
Sehtry Safety
Serrick Corp
10
5
25
Allotment
9%
274
1674
..1
—
—
'2
10
Lock & Hardware™...—
.1
Seiberling Rubber common
—
^..*
Selby Shoe Co_._——..—.*
Segal
...
25
41
44
40
25
31%
32
300
29%
Apr
327a Aug
25
30%
30%
100
2974
Jan
31 y8
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1552
Monday, October 9, 1944
NEW YORK CURB EXCHANGE
FOR
RANGE
Co
Line™
Phosphate
Southern
Pipe
Southern
77
July
130
Jan
West
Texas
Oct
West
Va
1st
8%
2.300
5%
9'/4
9'A
100
8%
8%
Jun
9% Aug
Jan
11%
—1
10%
11%
1.600
9% Mar
13
10%
11
2,900
5%
Apr
11
Jan
46
40
♦
July
Western
7%
Ky
Maryland
Spencer Shoe Corp
Stahl-Meyer
Inc—
Sep
Westmoreland Coal....
Preferred
16
.20
convertible preferred
Standard Oil (Ky)—
Standard Oil (Ohio)—5%
Standard Power & Light
Common class B
Weyenberg
1% July
Wichita
5%
Oct
Williams
(R
4% JuL"
Williams
Oil-O-Matic
1%
Willson
2d
mnes
Feb
114
2%
2%
2%
3%
8,600
7%
98%
Jan
18% Mar
26
26
25
23
Jan
28% May
16
Jan
20%
Aug
:
,
—
;
500
9%
43%
.50
11%
5%'
2%
3
13%
1%'
13%
12%
"!%'
13%
22%
Jan
9%
!%•
52
12
July
3%s
s
f debs...—......——
6
Jun
3%s
s
s
&
Amer
Pow
Amer
Writing
3
deb
Lt
Oct
16% July
Jan
3% Aug
22% Aug
May
17%
Jan
:
Aug
15%
Apr
11
Elec
Associated
Sep
Apr
May
Power &
Oil & Land Co—i,——
6%
Sep
1,100
23%
Feb
26%
Sep
Atlantic City Elec
2,600
12%
Jan
24% July
114%
119
Jan
6
Mar
7%
Apr.
~6
~6
6%
700
...1
11%
11%.
12 Vs
1,400
Shovel Co
Thew
—5
22
21%
22
150
191/2
Feb
...1
common
..
Roofing Inc.
10%
10
10%
1,700
6%
Jan
Tishman
& Construction
Realty
8
83/4
2,200
1
Jan
9% July
&
Tobacco
Product
57%
•
93%
preferred.
'7%'
...J
Feb
80
July
,109%
1%
;
i'
'
4%
1/200
3%'
500
11%-
3
7%
.....
"7%
900
12%- 12%
400
"7%
■
12%
Aug
47/b July
24%
Jan
H Mar-
10%
M-S
Jun
...
Aircraft
United
,13% July
Cigar-Whelan
$5
10%
United
5%
25
25%
1%
14%
800
17,400
2
91%
92%
18%
%
"l%
/
preferred non-voting—
—•
1%
3
1st
$7
'■
116
115% 116%
650
7%
1
Jan
Jun.
68%
25% Aug
,
2% Mar
Feb
Jan
95
Ju*
18%
Jun
3*2
Feb
Feb
xll4
18
) July
Apr
3
Mar
May-
1%
121%
Jari
'
Option-, warrants
United Light & Power common A.
class
Common
$6
B
iV
1%
%
63%
—
United Milk Products—
60%
500
a2
Sep
13,100
%
Feb
32
'
%
—
preferred
1st
32
400
50%' Jun
"
■
Sharing...
Protit
United
1
.250
.
Shoe
Preferred
-25
-.1
—1
class B
...
-.8
Graphite common
U S and International Securities..
$5 1st preferred with warrants..
U S Foil Co
U
"l%
1%
73
72%
75
S
Rubber
1
common
43%
10
Wail
United
Isoo
2
Paper.
Universal Consolidated Oil—
^Universal Cooler class A.—_——
10%
Universal
insurance
10
60
42
1,000
7%
12.300
50
10
1% Aug
7% Aug
Jan
77% July
45%
Aug
10%
Sep
4% Mar
5%
Jan
9
Feb
8
July
11
July
1%
900
%
Apr
1%
Jun
86 %
86%
75
78%
Jan
91%
Jun
3%
3%
3%
500
2%
Jan
4% July
2%
2%
2%
700
1%
Jan
27/s Aug
%
it
700
4%
4%
5%
13.006
7/s
Sep
5%
Sep
is Apr
2%
Jan
12
Feb
14% May
Jan
1%
4%
500
Jan
13% July
47/8 July
20
Feb
22%
19
19%
4.400
18%
Jan
26
24%
Ilia
nil
Utah R»dio Products
^Utility Equities common.
<"
-
1%
28
400
20%
Jan
28% July
2%. Jan
3% July
4%
19%
.——
~2%
2%
2%
2.500
55%
55%
55%
400
7%
3.300
1%
300
1%
25
74%
7%
7%
-10c
*'
;
43%
July
7
1
'Utah-Idaho Sugar...
—
Utah Power & Light $7 preferred-
Feb
6% July
265
Jun
69
-10
Products Co
-%
800
1,775
...10
Universal Pictures common.
Universal
Feb
Jun
10%
6%
7%
4%
:
4
100
*
Reclaiming
United Stores common...
Apr
93
;-6% Mar
S
U S Radiator
rIU
"1%
20
United Specialties common
Oct
Feb
•
V
-10
—....
.
6%
.100
preferred
...—
Machinery common.
10%
United
Jan
Jun
Apr
263
6%
6%
-
.
is
64
39%
90
participating preferredUnited Molasses Co Ltd—
Amer dep rets ord regis
NJ RR & Canal
^ Jan
;
33%
....
$3
United
% Mar
.
Jun
6,100
64
Sep
11% Aug
Jun
Sep
16
-
Feb
Feb
is May
United Elastic Corp.:
United Gas Corp common.—.—
7%
17
13,000
%
■
3% July
80%
1,000
1%
1%
:•
800
%
■/
20
17%
,
May.-,
7%
4,500
18%
warrants—
c-orp
n%:
57/e July
Jan
4% Aug
600
_>
92%
1—20
.—
16%
2
•
preferred
7%
Jan
2%
66
1
;
—100
Stores^
preferred
Prior
..
2%
—100
Chemicals common...
United
2,500
25 %
Products.—;.i—
United
5%
V
400
7.
—
Omaha
Union Stk Yds of
11,600
2%
4%
*
Canada;
Gas of
Union
6%
2 %
...10c
Corp
——
—.10
Unexcelled Manufacturing Co
Realization
Ulen
1%
1
$5.50 priority stock
83
83
51%
Jan
4
Jan
Feb
Jan
$4
nonvertiole
/.Venezuelan
preferred...
Petroleum
47
54
■
• 54
920
8'%
11%
9%
2.400
11%
9
...
Vogt Manufacturing
3.000
11%
100
1%
Feb
98%
61
Aug
Mar
Feb
8% July
2% July
83%
Jun
3% July
Jan
54
Oct
8%
Feb
11%
Co
7%
preferred
Waitt &
Class
For
Bond
B
;100
claw
•
footnotes
A
—
-
see,
1553.
1,500
100
97%
*
20
3%
page
5%
10%
3%
29
99
13
85%
99
108
1
'
107
106
95
29
-•
29%
29%
109
,
Gas 3%s
101%
M-N
deb
Conv
5s———
5s:—
Debenture
Consol
.Jan 1966
,.1950
———1958
5s_——
Debenture
_1969
—:
;—..i—1971
1st ref mtge 3s ser P
.-.1—1969,
1st ref mtge 2%s ser Q—;——1978
Consolidated Gas (Bait City)—
Gen mtge 4%s
1954
Continental Gas & El 5s_
1958
Cuban Tobacco 5s
—...1944
Eastern Gas & Fuel 4s ser A—L—1956
Electric Power & Light 5s—1.:—.2039
Elmira Water Lt & RR 5s—
—1956
Federal Water Service 5'/as——1954
series
N._
Pub
General
A
3%s
Power
Gatineau
—1969
A
50 %
Georgia Power & Light
Coal
Al den
104
iw-a
—.1978
5s__
—1965
Pow 3%— —1963
.—1966
3%s
103% 104%
18
A-O
103%
103% 103%
5s._—
..1958
5s—__—
-1950
1963
& ref 5s——
iien
Indianapolis P & L
*106%106%Y
105%
108
*103% 104
102%
104
119
125
*122% 123%
A-O
F-A
104%
88
99%
15
-90%
100% 101%
76
93%
103% 104%
*124!/a 126
28
101%
104%
123
124%
103
106%
104
104%
99%
J-D
M-a
101%
F-A
104
M-S
A-O
101
101%
-1970
M-S
100%
M-a
114%
(Dec 1 1941
E—
coup).
series
.
*
J-D
J-J
\
Feb
15% July
*98
67%
J108
J-D
104%
;
104%
Kansas Gas &
Kansas
Powpt
Electric 6s
2022
& Light 3%S——,—1969
—.1970
Disc Pow 3%s
—1966
Kentucky Utilities 4s
Lake Superior
McCord
103
—
1948
E—--—1971
6Vas
——.1965
1943
to
4%s
Gas Light
Minnesota
P & L 4%a_.
.1963
—1967
1978
:—.—1955
107%
64%
■; 1
102%
,
75
106 %
111
*"7
102
105
102
105
26
103%
.
105
106%
102%-104%
■93% 102%
19
27
M-N
108%
102%
!'
67%
109
100% 101 ,
*108 % 108%
100%
104%
103%
! 101% 102 %i
102%
F-A
103%
114%
,
103
1
104
104% 104%
34
93
106%
25
36%
42
42
101%
109
42
21%
42
39%
25
42
23
j-J
*42
66%
94%
52
37
J-J
M-a
„
,
106% 107%
106%
41%
22%
37%
88%
54
67
93
93
J-J
•66
36
J-J
34%
25
44
■
96
60 *
77%
2
28%
40
21
106%
109
J-D
*105% 108%
106%
107%
M-S
*121
122%,
120
122%
J-J
*112
114
110%
A-O
112%
107% 107%
J-J
107
109%
105%
105
108 %
105
105%
Radiator & Mfg—
stamped..
Metropolitan Edison 4s
4s series G
.1—:
101
M-N
J-J
104
98%
100
10 y
13
$104
104%
104
101%
*107% 109
J-D
coupon)—1957
——1952
A7s (July 1941 coupon)...
^^.1952
Interstate Power 5s
1957
Debenture
6s_i
———1952
Altallan 6uperpowei
6s
—1963
Jersey Cent Pow & Lt 3%s—
.1965
Kansas Electric Power 3%s
1960
6s
104
101%
101
103% 104%
J-D
F-A
F
series
97%
17
^
104%
100
102%
63
100% ioo,L
,v-114% 114%
F-A
1953
1955
1941
(Aug
A7s
32
12
j-j
—1957
C
series
A6%S
A7s
101%'
103% 104
J-D
{International Power Sec—
A6%s
99
104% 104%/
M-N
!
3%s
111
J-D
M-a
Service
104%
109
J-J
A-O
..Jan
—
Hydro-Elec
104%
106
104%
98%
2
1949
Indiana
99%
97%
,
"109% 109%
J-D
Light Corp
ref 5%s series B—. -..-1957
Indiana
105
98%
136
103% 103%
Power &
1st &
A7s
1
104
,1
104
104%
104
^
79
62
101%
103%
A-O
B
100%
148
F-A
..Jan 1949
series
•
,
54
54%
98
,
A-O
.
107
36%
*104% 106
A-O
*-%'
"dygrade Food 6s ser A——Illinois
1st
*100% 101
62% 64%
,*103% 102%
103%
; 37
*102%
Grocery Store Prod 6s___:— ......1953
—1958
3uantanamo & West 6s
6s
94
I
103%
99%
128,
J-J
§AGobel (Adolf) 4%s series A——1941
1950
Grand Trunk West 4s
.1950,
Great Nor Power 5s stpd—
Houston Lt & Pwr
.
101%
51%
J-D
4s
Green Mountain
63%
108
105%
1,
51%
..1948
General Rayon Co 6s ser A
Glen
16
43
101%
49%
50%
M-S
120%
150
105%
48
•
115%
150
106
..—1953
5s
Serv
-
106
J-J
J-D
119
1
(Bait)*-—
El Lt & Pr
Gas
101
,
J-D
..
-
-
102% 103
J-D
;.1953
—.1964
5s
Service
Cities
180
"
120
113%
15
-113% 113%
*107% 111
99%
104%
M-N
*102Vs 103
103% 103%
3
103%
M-N
105% 105%
1
105%
110%
100
103%
FA
*100
A-O
64
64
*107% 109
M-a
J-D
101
63
J-J
62%
4
..
102% 103%
103
69%
108%
106
104%
8
106%
102%
.
11
105% 105%
110
108
"
1st
&
ref
5s
Nassau & Suffolk Ltg
3
7%
May
Feb
5%
Sep
11% July
4%s—
Power
series
A
Amsterdam
5s
Conv
Gas
5s
El Assn 5s
"
...
deb
5s
5s_—
—.1943
1981
:—2022
1948
—1947
1948
.1950
J-D
105%
101
F-A
118
M-S
72%
51
72%
83
84
83%
Aug
New
Jun
New
3%
1.500
1%
Feb
J-D
107
*107% 108%
A-O
Oct
21
84%,
84
98 %
120
113
84
J-D
M-N
20%
116
72%
84
Jan
102 %
102%
101%
111
4
110%
83%
94 % May
100%
4
84
14%
1
107
3
20
110% 110%
J-J
800
3%
118
M-S
97%
20%
England Power 3%s——1961
England Power Assn 5s
1948
Debenture 5%s ——!
.19*4
101
*105% 108
J-D
M-N
10
29
22%
*155
.
A-O
Rys 5s
New Eng Gas &
4%
22%
6
120
Q-F
....—1970
5s_.
Power
v
J-J
New
10%
•
69
;;
;
Apr
8
27
W
Aircraft
27%
27%
98%
,
lf-N"
M-a
6s
Wagner Bakine voting trust ctfs ext
23
J-D
.1954
Nebraska
Waco
23
85
J-D
...—1962
2%s
Extended at 4%
3%
39
___1957
Milwaukee
2%
27 V2
"
26%
Midland Valley RR—•
3%
23
—1947
——1998
Middle States Petrol
jValspar Corp common
11
94
*98
>
.5%'
5%
27 %
108
ctfs.
—.:
1927
Cinpinnati St Ry 5%s A.—.—1952
6s series B—
——..—;—1955
9% July
Jan
U
1
128
-
79%
M-S
——.1964
6%s™—::
El &
111
3%s
Udylite Corp
109%
124
27
1955
6s
Northern
{AChicago
10% July
.
Jan
4
■
107%
,
27%' "28%
27%
F-A
A5%s
J
1% Mar^
■
9% Mar
convertible preferred
80c
1%
May
18%
'
26
101%
80
92%
28%
A-O
Central States Pr & Lt 5%s stpd—1953
Feb
Jan
"
9,500
20% " 21%
'4lA.
~i%
1
99
103%
26%
F-A
gACentral States Electric 5s_.—1948
July
115
Apr
Jan
Trunz: Inc.—..—.————
,
Steel
Edison
Central
1% July
113 *'
104%
20
27
—...1977
———...———1.1960
C
Bethlehem
12% July
100
1%
1
warrants—
Feb
58
30
129
109%
101%
3
103% 103 %
j-j
1949
series B_.
5s
Boston
Jan
'
..10
TransweStern Oil Co_._——
Tung-Sol Lamp Works
M
series
Jun
9%
90
; 77
113% 113%
...1
Tonopah, Mining of Nevada..—
Trans Lux Corp
Tri-continental
5s
Jan
4%
106
74
77
.100
——.
,$126
M-a
_1948
:
warrants
Bickford's Inc
11/4
200
12%; 12%
Corp
——
6 % preferred.——. .100
Edison
1st
% Mar
60
Feb
—
106%
109%
109
109
A-O
108%
106
43
101% 101%
Telephone of Canada—
Canaaa
Todd Shipyards
Toledo
X23
Bell
Sep
Ltd—
V Amer dep recs def reg
•
12%
Jun
3%
200
101%
J-J
3%S
F.)—
(B.
without
J-D
'
~4%
"4%
Exports..
dep rets ord regis.......—
Amer
.
.
•
Allied' Stocks-^...—.
Tobacco
Tobacco Security Trust Co
5s
11% July
—1
High
105
6% July
"
Tilo
Avery & Sons
May
—2
—
Low
102%
101% 102
103%
5%s A—
26 %
100
pfd..
Light 1%
Texas
Texon
Textron Ino
January 1
*107
108
*109% 110%
M -S
.1950
22%
Jan
Range Since
No,
Bwh
J- J
..1968
25%
5%
4% July
Co—
5%s
21%
5%
11% July
Jan
Sold
J-J
5s
deb
257/b
II*
Jan
2%
Bonds
J-J
4%s
deb
AConv
22-
,—;; —*
7%
Week's Range
or Friday's
Last
1956
...
4%s
Elec
Assoc T & T deb
—1
.—
common.
Jun
10O
Sale Price Bid & Asked
.1970
—2024
5s—
{Associated Gas & Elec
AConv deb 4%s
A Debenture
Technicolor Inc
Apr
6
5,900
3%
.—1953
3%s
Pow
Lt
Pr &
AConv deb 5s
Tampa Electric Co common
111
14% May
10%
3%
J-J
1961
Appalachian Pow deb 6s
Arkansas
Appalachian
AConv
Taggart Corp common..—
Jan
Jan
1,300
102% 102%
2016
6s
14% July
5
Jun
Apr
3% Jan
J- J
1960
6s—
Paper
Feb
100
6%
7
11%
10%
3%
f deos——1970
9%
July
100
10%
11%
f debs..—.1950
151% Aug
13
12
Gas & Electric Co.—
American
Apr
Feb
200
10
Feb
Low
Jan
12%
10
5
Friday
Jan
17
Oct
50
Sep
%
100
21%
7
5%
Period
8%
2,000
1'7%; 17%
22%
—..—-—*
—.——1
Superior Port Cement class B com—_•
Swan Finch Oil Corp.—-———18
.
Jan
110
Interest
Exchang#
Curb
York
New
Jan
900
1,750
3
11%
5
BONDS
Oct
11% Aug
1,000
2
10,100
..
*
2%s
1%
5,800
'
Sep
14V4 July
Oct
1
3
Aug
13%
Jan
2,500
7
.
11%
_8a
9
100
6
6%
1
3%
700
5%
11%
11%
-1
11
Feb
8%
10
58i% Aug
15% Jun
Jan
12
.20
Jan
8
14
100
Wright Hargreaves Ltd
Sep
is July
3%
Jan
5
*
July
-
8%
13%
1
Inc
Portland Cement—
2% July
Apr
it Feb
131/4
25
50
13% July
% May
1%
138
I7* July
53-/3 Mar
8%
Mar
Jan
24-
Petroleum...
Woolworth (F W) LtdAmerican
deposit receipts.
July
11% Aug,
84
24
113
-
Jan
54
900
3%
10% July
20
112
%.
Heating
Woodley
% Aug
% Jan
fV Apr
V
9,700
2%
Apr
*
—
Winnipeg El.ec common B——
Power & Light 7% pfd
»Aug
19
Jan
700
%
Co
Drug
Ray
Sun
12%
3*2
Inc__
Machinery
tsulli van
20
17%
1,150
11%
(S) & Co common
Stroock
98 %
%
-1
Stetson
800
12%
Inc—
(J B) Co common——.—-•
(Hugoi Corp
I
0
Sterling
18%
94
III
Products
Wolverine
Jan
^
Jan
7%
108
10
Co..
&
Wisconsin
16
.
preferred
Sterling Brewers
Oct
Oct
3% Aug
100
•
1st preferred—.——
18%
112% 112%
5,700
C)
Products
28
Jan
iff,
Apr
Jan
2
%
5%
1.60O
11%
J
Shoe Mfg—....
River Oil Corp
Jan
6
18%
900
.
—
5%
1,650
108%
Products Co—-———
—1
Standard Silver Lead-.
—1
Standard Tube ciass b—
i—l
Starrett (The) Corp voting trust ctfs
Steel Co of Canada—
Stem (A) & Co common
II
Sterchi Bros Stores
—
Sterling Aluminum
7,600
—1
——
Jan
3%
18%
111% July
700
1.700
10%
11
•
10
1% July
Feb
is Feb
100
pfd
Standard
6%
18%
28
3%
.10
—
1,400
25%
3%
'112%
■l
Apr
5%
5
9
.—.20
Inc
i/4
5,700
1%
1
1%
—1
Standard Dredging Corp common—
$1.60
.5%
2.78
Brewing Co
—1
Standard Cap & Seal common—
-10
Convertible preferredStandaid
5%
4%
3% May
2%
'■
Aug
5ya July
*
Western Tablet & Stationery com
% Mar8,200
dep rets ord regis
High
25
Jan
Jan
3%
~8% "9%
.
..
-
Amer
Low
15
100
yJd
1st
Oct
.
Westmoreland
Spanish & General Corp—
Amer dep rets crd bearer
—
Air Lines Inc.———..—J
Western
—-—---•
—
—
Coke
&
Range since January 1
Biah
Low
«
1.28
—•
8
Utility $J preferred
Coal
Shares
'
11
B
—
et Bros—...
tA Up
preferred
opaiuiiiK
7%
9 V*
10
Southland Royalty Co—
We.ntworth Manufacturing
Jan
July
8%
—10
-
Knitting Mills...
Wayne
July
67
30
74
74
Southern
of Prices
Par
121
.100
preferred .
——
.100
New England Telephone
7 %
2
Sales
for Week
Range
Sale Price
Man
% Jan
1
2S
A
Colorado Power class
Southern
Low
Hio>
Low
Last
Exchange
Range since January 1
Shares
of Prices
Sale Price
pw
Curb
York
Week'*
Friday
ST O C K S
New
for Week
Rnnec
Exchange
Curb
OCTOBER (>
ENDING
Sales
Week's
Friday
STOCKS
York
New
WEEK
102%'
102% 102%
887/s
887a
887b
110
13
95%
102 7/b
59
97%
104
■
dJiH^lf" '»ww fejf IM*
Volume
uMWWWSwifa' | K ypi
160
» MHJWWW news*
A/^Lt^' **• 4^1, .M* )<
»♦ «* A *3'
THE COMMERCIAL &
Number 4323
1
sujvmlWJftJ *flrf ./n*W ''ttfrwJHt
14
*
1
,'
EXCHANGE
Last
Interest
Exchange
Curb
or
N
N
Y
Utility Corp—
redeemed)
1st
mtge
Ohio
3s
Public
F-A
F-A
1955
F-A
J-J
Oklahoma Power & Water 5s
Pacific
&
Power
Park Lexington
Penn Central
Light
—1964
Elec Power 5%s.
Rapid Transit 6s
Philadelphia
Philadelphia
Portland
& Coke
Gas
Edison
4%s
1st
of
Service
6%
series
a
5s
142
140
100%
Coal
A-O
1967
A-O
-1970
Counties
1st
mtge 3s—
Indiana
-3947
,92
.
'
92%
Gas
Gas
103'A
A-O
(Calif)—
—-1971
A-O
$108 % 109
105%'
109%
J-D
$118
120
114 y4
118-..,
96
98
6s
105
conv
1951
4s
J.97Q
2022
8s
_
6s—
gold debenturesStandard Power & Light
1
1957
73%
5s
——;—1950
Stinnes (Hugo) Corp—
A7-4s 3d stamped—————1946
A Certificates of
deposit—
—
93%
103 %
105%
A20-year
Bogota
6s
Tide
Water
5s—1
& Light
A
—
5s
Power
3%S
Edison
106%
28
107
109
106 %
7
85
$99% 100
100
•
'.
98
96%
99% 100
100
96%
12
100%
;
97
83 %
77
86%
97%
97
86%
Week's Range
or Friday's
Last
58
86%
.86%
82
50
51%
45
29%
January 1'
Low
$60%
,—
r
55
,
16%
■
62
54
—
High
51%
No.
29%
29%
30%
$70
83
62
83
80
80
60
82
37
19%
21
F-A
J-J
M-S
$21
6y2s stamped^l958
1958
(Peru)
M-N
$39 %'
J-D
$32
1947 ' /■
M-N
$41%
__V
33%
1947
A-O
$41%
—• .V
36
J-D
J-D
$16
22
16
—1952
7s__
7s
—1951
A7s (issue of May 1927)
"A7s (issue of Oct. 1927)
-1931
_1972 '•„/.■
Mortgage Bank of Denmark 5s
AParana
(State)
7s
Janeiro
ARussian
1959
22'
34%
46!.'
is
32
—
J-J
6%
37
40
17%
f
58
79%
33
41%
38%
J-D
6y2s_
17
—
$40
J-J
1919
6y2s_
Government
20
$75
M-fl
—.1958
—
—1921
de
ARio
19%
41%
34
43%
38%
.7
6%
81
37/B
8%
6V2
10
3%
8%
"
6%
53
19
City
AMortgage Bank of Chile 6s—*
98%
97%
Range Since
Sold
High
$60%
M-N
1953
stamped
Mortgage Bank of Bogota—
98%
86 y4
V;—
J-J
——1955
5s
AMedellin
98%
97%
67
Bonds
Sale Price Bid & Asked
J-D
AMaranho
99%
97 y4
1947
Jan
5%s
ALlma
99%
41
A-O
Mortgage Bank of)
Valley 7s——
——1948
& Waterways—
AExternal 6y2s stamped-
99%
82
96'/2
96%.,
.Period
'
(Col)—
April 1946
7s—
•Extended
92%
97%
.96%
Friday
Interest
Exchange
Danzig Port
104%
96%
.
•97
Curb
(see
Danish
108%
101 Va
.96%
97
.
45
1968
J-J
M-N
J-J
F-A
J-J
A5%s
." "104%
__
41%
r
12
»No par value,
52
106% 109y2
$118% 120
103% 104%
109% 109%
17
104%
6%
15
5
105
d Ex-interest,
'
y
e Odd-lot sale,
n
Under-the-rule sale,
,/
,
prices; no sales being transacted during current week.
A Bonds being traded flat.
§Reported in receivership.
/
109%
119
Deferred delivery sale,
a
Ex-dividend.
x
y $Friday's bid and asked
106%
117%
sale,
Cash
,
104y4 105y2
104%
20
'20%
,
■
26
24
—
"
20
—
,'-'Vy !**"■-
A-O
(
36
34
:
—
yj
1979*
—
—
105
106%
104
96%
97
-—
1960
—1956
2022
5s_—
105
97%
97
J-J
.
Industries—
7-4s 2nd stamped
i———1946
Toledo
J-D
'
(Hugo)
Service
104%
42
25
York
Agricultural Mortgage Bank
A 20-year
7s
105%
103%
1
92%
A 90
A-O
Powei
J-D
stpa
83
86 y4
~2
$106% 108%
$101% 102%
92%
F-A
.
AStarrett Corp inc
series
F-A
1937
1947
bs
Low
86%
F-A
6s
_1959
..
5s
128
105%
97%
A-O
F-A
J-D
1957
Texas
...
—
debentures
Co
New
"
-May 1948
1951
-Dec 1 1966
6s
Electric
5s__
i....
72 %
A-O
Texas
f
s
Rys
113
126%
11
103%
83%
—.—May 1948
Stinnes
5s__.
Traction
Newspaper Union
152
83%
—
i.
&
6s
45%
109
110%
1960
Electric
Penn
104 y4
98 %
6
$104% 105%
J-J
M-N
Debenture
24%
105
108%
—2030
Penn
West
'
Spalding (A G) deb 5s————1989
Standard Gas & Electric—
Debenture
235
105%
137%
,■
1
__
106%
M-S
—
(stamped)
Conv 6s stamped
40% 43
$105% 106
$107% 109%
109
107%
J-J
——
Rys
6s
43
M-3
1954
debs
Elec 4s—
99%
106%
29
$105
108
$105% 106 y4
105% 106%
107 -107%
J-J
1965
3y4s—-1970
3s
Southwestern Gas & Elec 3'As
P
116%
111%
24
+81% :
90% 92
105
105
$104% 105
,/
F-A
F-A
M-S
Southwestern
111%
112
107%
127'A 127'A
A-O
—1957
6s
5s_:
Edison
California
Southern
4
104
105 JA
4
104 A 104 A
.105
105%,
;,
J-D
1951
Power
California
Southern
115% 115%
J-D
ACauca
Southern
115%
M-N
,
J-D
107%
3
108% 108%
107%
105'A
M-S
..—1951
Shawinigan Water & Pwr 4y2s
1st 4%s series D——
Wyoming
2022
A—
series
income
Western
13
$106
141
J-D
Scullin Steel inc mtge 3s
Carolina
6s
Ry &
IA York
105y4 105y2
107% 107%
98
98%
A-O
1952
Joaquin Lt & Pwr 6s 3
ASchulte Real Estate 6s
South
106%
113%
BONDS
1952
—1979
San
Sheridan
102%
11
—1951
117
106
103'/a 104
-w
M-N'
.
4%s
Southern
63
113% 113%
*
1952
—
103% 104%
A-O
(Maine)—:
—:
104%
F-A
5%s_1952
(Delaware)
West
108
108%
108
15
$106% 107
98%
•
109%
Wash Water Power 3%s..—_1964
106%
Jersey—
A.
Harbor Water
Debenture
Wash
56
106
108% 109
—
104
102
109%
105%
J-D
J-D
—1964
1949
New
perpetual
5%s
110
Co—
Utah Power & Light Co-~
105%
40
105y2
—
•
M-3
certificates—
Queens Borough Gas & Electric—
Safe
103 %
7
56%
109.
—
A-O
111
$108
High
102 'A
Waldorf-Astoria Hotel—
104%
109
M-N
—1959
3%.S.
mtge
Rys
A
$110
Low
96%
96 %
23
.
104%
.$106% 108
$107% 108%
$107% 109%
.
4s
January t
No.
Colorado—
Sinking fund deb 4s
Public
.
■
J-J
1956
.1961
4%s B
(Can)
Corp
<*_
.>
&
series
6s
106% 109
F-A
M-S
...—1950
.
Public Service Co of
109%
102
Lt
J
5y2s—
cons
AStamped
E
F
series
Power
5s
107%
105%
&
&
United Light & Railways
110
105 %
~7.
.
104%
108
Co—
extended—
stamped
5s
Potomac
1972
1962
102%
__
104% 105%
J-J
-
Power
103%
.
-$55
.
—
J-D
Pennsylvania Water & Power 3%s_1964
3%S
1970
N
$101% io3
—
..
,
M-N
-.1979
—
106 y4
M-N
Pwr 4%S——1977
Lt &
5s
1st
5s_
1st mtge 3s._
Electric
Light
1st lien
95%
—
Range Since
Sold
High,
101% 102
A-O
United
United
4106% 107%
106% 106 y4
< A-O
1948
4s
J-D
1959
107%
82
108% 109 %
A-O
1971
—1962
_
Service
.——1949
102'A
15
United
:tl02
!
M-N
Ogden .Gas 1st 5s——
—1945;
Ohio Power 1st mtge 3%s——1968
J-D
Twin
;1
•-
101%
City Rapid Transit 5%S—1952
111
89%
88%
—
Low
108%
Bonds
Sale Price Bid & Asked
High
15
■
102% 102 y4
—
.
I1
J-J
1948
5%s series A (8%
Period
Week's Range
or Friday's
Last
Interest
Exchange
Curb
York
January 1
Low
No.
109% 109%
•
/
J-J
,-2004
Westchester Ltg 4$—i
&
North Continental
^
M-N
1964
Elec & Gas 3%s
Y State
New
Range Since
Sold
Hiah
Low
Friday
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Period
OCTOBER (5
ENDING
Week's Range
Friday
BONDS
York
New
WEEK
FOR
1554
FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
^ 'W.iW
H r JIM* <V *
Abbreviations used above—"cod,"
?•'
.
1
101%
105%
"cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificate*}
107
111
"w I," when Issued;
certificates of deposit;
"w w," with warrants;
"x w," without warrants.
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
OCTOBER 6
ENDING
Friday
Last
stocks—
::
Sale Price
Friday
Last
Sale Price
STOCKS
Corporation
Arundel
Bait Transit Co
Preferred
Consol
v
Gas
4%%
c
L &
E
Fidelity
&
67%
30
116%
116% 116%
108%
108% 108%
Co————- .—20
150
—10
Houston Oil of Texas 6%
149 ;
.
150
3
12%
100
29%
80
29
v
30%
30%
4.00
-
45
200
4.00
87
89
10
Casualty—2
Phillips Packing Co 5%% pfd——100
Seaboard Commercial 5%
pfd
—50
26
25%
26
507
U S Fidelity & Guar———
37%
Preferred
100
:
—J.
136
117%
Oct
109
July
43 y
Aug
May
Jan
150
46%
Jan
Ka.siern
Sep
Mar
Jun
New Amsterdam
50
99%
99%
25
40'
40
-..10
37%
38
310
29%
General
Jan
24
_
99%
90
Apr
Oct
41
Jan
Lamson
Bonds—
5s
1975
57%
58%
$6,000
A————1975
.series
65%
66%
4.700
Co 4s——
51
64% July
Jan
70
59% Jan
„
July
.
100
common—.
5
—
Service
National
Friday
Last
Sale Price
STOCKS—
.
Alles
&
Fisher Inc
American Sugar
American
Tel
—
Tel
Tunnel & Mines———"
5%%
—
& Albany RR
Edison
Boston
Boston
100
25
——
Boston
8%
50
—
Elevated Ry
prior preferred
100
class A 1st pfd
—100
Stamped
class
B
100
—
1st
pfd stamped
36%
Personal
Boston
&
For
Prop
40%
Providence
footnotes
see
RR
7%
8%
page
1559.
100
July
48%
118
1.638
45
1557/8
7%
Apr
130
24%
Feb
28
July
364
2.730
96%
Jan
116
Oct
32%
Jan
8V2
8%
27%
112% 116
36%
36
227/8
67%'
"
23
235
150
31%
29
49%
Feb
Jan
Oct
164 % July
9Ve Mar
36% Aug
65% Sep
74% Mar
19
24 %
Jan
July
-
38%
41 %
858
7
35
7%
7%
209
120
8%
9%
„
;
8
Jan
162 V4 163%
7
„
100
Trust
4%
300
67
10% class D 1st pfd Stamped—100
Boston
High
7%
-
7%
8%
w
~
5%
High
27
100
Boston Herald Traveler Corp
Boston & Maine RR—
Old
Low
48%
163%
*
preferred
England Tel & Tel_—
New
Range since January 1
—
—
8%
9%
14
14%
31
31%
25
1.215
95
26
37/a
4
5
5
12
28%
42% July
Jan
8
Jan
Jan
.
Mar
8% Mar
Jan
8%
Jan
9% July
Apr
Jan
147/b
42%
Feb
Sep
Feb
Colony
*
100
2.50
—100
RR-
Mills
Pacific
——:
Pennsylvania
Shawmut
Assn
Webster
Stone
Torrington
92
Jan
108
OCt
10
54
Jan
83
Aug
18
18
18
200
13
Jan
21% Mar
13%
12%
13%
790
8%
Jan
13%
Aug
31%
120
28%
Jun
32*%
Jan
14%
14%
186
8%
Jan
■15%, Aug
42%
44%
185
35%
Jan
34.55
34.55
5
31.18
Feb
35.15 July
33 % May
39% July
38%
12%
13%
80c
1.154
414
13%
Jan
80c
Jan
2V4
29%
Jun
34%
100
2%
Feb
4%
Oct
285
3%
Jan
6
Feb
95
23 %
Jan
186
47%
34%
613
4%
4%
3%
4 Vb
26%
28
60
59%
60
10%
10
10%
684
16%
16%
16%
216
6c
6c
~2%
2%
2%
35%
37c
United
1.400
100
36c
Drug
Shoe
6%
24%
30c
Feb
Apr
Jan
15c
Jan
2% Aug
41% Aug
109%
Jun
46c
Mar
12c
12c
12c
Jan
45c
Feb
38%
40
135
25%
Jan
40%
Jun
29 %
30%
753
25%
Jan
31% July
1%
330
86c
Feb
1%
1%
1%
1%
305
13%
13%
14%
2.637
453
10C
Feb
Oct
1
12%
7%
Jan
Jan
Apr
2%
Jun
1% May
15
11%
July
Oct
10%
11%
34%
34%
80
26%
26%
170
23%
Apr
28% July
Inc
15%
15%
65
12%
Feb
17% July
*
common—25
89*%
89%
90%
339
75%
Jan
72%
72%
73 %
600
69 %
Jan
78
42%
43
112
42
Jun
45
50%
50%
25
40%
Feb
12
11%
103% 106 Va
90
10%
Jan
298
91%
Feb
—.———
Machinery
11%
25
preferred
Rubber
60
11
Sep
17% July
Feb
May
103%
y 16
36% Mar
29%
*
Drill———
—-10
:—
Waldorf System
10
1.950
Oct-
Jan
1
425
37C
Oqt
Jun
Jan
7
11%'
5c
Jun
26%
—
—
United Fruit Co—:
United
—*
*
35%
108% 109%
f
Oct
Jan
28
109%
44%
1
50
33%
4%
7%
Oct
Aug
6% Max
50c
60
115
1%
1%
Jun
5
———.—-5
Inc.—*
Co
Twist
Union
S
43
30
*
50
i
RR
Quincy Mining Co
—
25
Reece Folding Machine—;—-—10
U
73%
Jan
England Gas & Elec Assn—•
North Butte Mining™.
7%
100
:
Anaconda Copper
1
100
Refining-
&
American Woolen
for Week
Shares
Jan
32%
4%
58O
Sales
Range
Low
Par
—
Week's
of Prices
56%
50
80
Cos———1
National
Stock Exchange
75
106% 108
108
80c
preferred
Nash-Kelvinator
New
Jan
200
*
RR
7%/Oct
5%
5
37
—.———100
Mergenthaler Linotype
—
*
Narragansett Racing Assn Inc——1
5%
Baltimore Transit
Central
Maine
Feb
4%
4%
_*
common——5
(Del)
l^ar
43
Copper—:—,———,—15
Corp
17%
73%
43%
Copper
Kennecott
July
41
Oct
Oct
41%
—.—
Isle
May
30.83
72
Hathaway Bakeries class B—
,Jun
36
35
1—
Jan
Royale
7%
Feb
13
40
High
May
27.10
73%
Capital Corp————1
Feb
100
60
500
1
Gillette Safety Razor Co
July
6
186
31
National Stores..
General Electric
Oct
26 %
'
-
'
Engineers Public Service
4.00
2,00 May
81
.
7%
Employers Group Assoc—
Mar
;...
7
—_—
32
Jun
...
Range since Jannary 1
Low
6%
30.83
13%.
,i-u
■
•/
Shares
Fuel Associates—
prior preferred
preferred
30 % May
Feb
Sales
for Week
7%
—100
—100
Eastern, Mass Street Ry com—L—_ 100
6% 1st pfd series A————.-100
y
6% preferred B
100
5% preferred adjustment ——100
'Eastern. SS Lines Inc common
—*
6%
Oct
12%
10% July
27
13
Co—
&
Gas
4%%
First
——————25
Vernon-Woodbury Mills com——100
preferred
4.00
Mt
69
"
Monongahela West Penn Pub Serv—
79c
•
Range
Copper
30.83
10
■;
High
6%
1
Trust
Service
Cities
Oct
2.30
14%
Apr
Jan
108%
12%
pfd vtc. .—25
64%
20
36
-
Apr
'*■
Low
Hecla———5\
&
Shares
Century
Jan
y18
Apr
7
115
45%
High
.
11.00 May
-
10
V
45%
class B_. .—5
America
of
1.358
16
I100
:
Guar Fire Corp,
Finance Co
3,014
14%
-100
Deposit
&
Fidelity
2.30
13%
67%
C.
14%
880
15%
13%
*
com-—
preferred B
Preferred
4s
Power
Low
High
1.90
-100
—
Calumet
Range since January 1
Shares
15%
—
t c—
v
common
t
■yPar
for Week
Range
of Prices
Low
Par
5 Sales
'Week's
Week's v
Range
of Prices
*
Inc
50
Westinghouse Electric & Mfg
12
32
May
36
90%
53%
Mar
Oct
July
July
Jun
12% July
107%
Jun
62%
Apr
Bonds—
Boston
&
Income
Eastern
4%s
Maine RR—
mtge 4%%
Mass Street
series
A
1970
57
57
$5,000
——_1948
103
103
3.000
series A
52%
Jan
Ry-—
103
Aug
104%, May
76 *
THE COMMERCIAL & "FINANCIAL CHRONICLE
1554
Monday, October 9, 1944
OTHER STOCK EXCHANGES
RANGE
WEEK
FOR
ENDING
OCTOBER
G
Week's
Friday
Last
Chicago Stock Exchange
Friday
Range
Mfg
Chalmers
&
.7%
550
4%
750
12%
•
1
19
37
.
163% 163%
17%
1%
6%
Jan
21
Aug
28%
Jan
4%
164
6% July
Sep
Apr,
1
Jan
2
4%
Jan
7% July
—4
—3
3 Vs
3%
3%
550
1 %
Feb
(Delaware)———-
3
5%
5
514
4,600
3%
Jan
27% July
26%
Mfg
Binks
Common
—
'
6%
7%
400
5
Jan
8%
4%
4%
850
3 %
Feb
5
28 %
29%
400
22
Jan
29%
11%
11%
500
9
Jan
21
lien pfd
13
———
————*
Preferred'
73%
.
..
71
preferred
19%
16
Jan
15%
15%
200
11%
Apr
81%
51
400
58%
Jun
74%
7%
Jan
10%
19%
Jun
17%
12%
50
7%
16
Jan
71/3
4%' May
32,200
Oct
Jun
51
800
34%
Sep
39
200
23%
Sep
V
t
V
t
c
for common————
c
for
5%
preferred
46
46%
150
44
Sep
14%
800
12%
Sep
'%'
4%
3%
4%
950
Edison
Commonwealth
common—
Consolidated Biscuit common
-I23
27%
28%
7,880
6%
.6%
33
34%
16 %
16%
16%
50
8%
7%
8%
400
28
—1
—
4%
Jan
200
4%
Jan
6%
18%
Jan
34%
Jan
16%
Jan
8%
of
Indiana
11
100
100
13%
13%
1,250
11%
12
1.050
32%
33%
3%
13
18%
3%
3%
32%
Feb
33 Vs
27%
Apr
43
100
16
Jan
19% May
2
Jan
3 % Aug
Sep
Jan
25
30
30
30%
15
29%
29
29%
45%.
45%
;
25
16%
16%
35
Steel
Salle Street
common
Co
—100
~7%
—I
32%
60
Jun
Sep
49%
Jan
12
Jan
16%
Oct
19%
Feb
24% Aug
33%
Jun
36% Aug
82% Jan
200
.
100
77
Apr
100
23%
Jan
1,310
50%
Apr
150
7%
1,400
3%
Jan
400
26 %
Apr
7%
30
29%
11%
11%
*
common
33%
130% 130%
common
Oil-O-Matic
Feb
Jan
44%
100
31%
28
400
/
79'%
58
60
79%
32%
79%
;
cumulative preferred
Feb
30
35%
S
Jan
17% July
18%
100
24
South La
34%
Sep
27 % Jan
1,100
v
:
16%
24
Air
30
Jan
120
6%
3,650
2%
Jan
11%
6
2,250
8%
Jan
4%
Jan
34% Aug
63% July
133
July
8% July
Oct
30
6%
Oct
Bankshares—
—
——
Industries common—
7%
2
Wrigley (Wm Jr) Co capital.
*
Yates-Amej-ican Mach capital
.5
Zenith Radio Corp
common....—„*
Oct
800
Jan
'
2
Lines..5
West
&
Oct
230
,
12%
common
Oct
6% Aug
18%
15% July
13%
(The)
16%
12% Aug
31%
Co
Oct
11%* Aug
Jan
250
Corp capital
Feb
4% May
22%
Feb
6
1,050
& Co
capita]
International capital
.
GOO
18%
3%
10%
•
Jan
Jan
16%
Woodall
Oct
2%
5%
18%
Jan
14%
Common
Oct
5
550
5%
11%
;__2
6%
15%
Sep
120
16%
50
14%
Williams
Oct
24%
16
•/,
1
Oil
Wisconsin
Oct
28%
2% May
.
11%
18%
5%
Stockyards capital.,
—*
Dredge pfd—.20
Walgreen
17% Mar
Aluminum Uten Co common...
Club
16%
17% Mar
;
'
13%
common
Utah Radio Products common
64% July
13%
11%
Jan
Sep
82% Aug
155
Apr
16
7%
29% July
14%
.100
—
common.:——i— -10
Service Co
Inc
270
3%
14%
Chicago & North Western Ry—
Cities
4
22%
20
150
Oct
5% Aug
15%
71% Mar
10
500
33%
U
Aug
37
25%
22%
230
.
4%
Corp com..*
Union Carbide & Carbon capital.
...*
United Air L Transp capital..,
—5
Oct
35
37
.10
common—
81%
152
4%
capital—25
208
Sep
44%
Mills
81
152
~4%
5
:
Cummins
Transcontinental
July
350
51
Hosiery
Texas
Jan
20
—100
,
Trane
Oct
10
100
common..—
Swift
Oct
7%
Co
...
Louis Nat
Swift
if Aug
121
25%
—5
Shaft com new-
50)4
1
Jan
Oats
Standard
13% July
% Mar
64%
2%
Corp common.——5
Sundstrand Machine Tool common
.5
It Jun
Jan
111
50
16
6%
7%
1
————.
Jan
31% July
Jan
56%
250
Stewart-Warner
Oct
%
4,850
74%
:
7%
common--—5
Corp
Flexible
Chicago
101%
Jan
50
4%'
Common
Oct
9%
..
200
118% 121
—
Corp common—:—
Convertible
Jan
26
64%
Standard
Jun
22
88% Apr"
150
13
% v' %
.
Power & Light pfd—*
Chain Belt Co common-
Chicago
20
110
•
121
*
.
13
»'/
%
—50c
.
Burrell
200
%:
;
preferred
Central S W Util common-,,
Cherry
21
100% 101%:
1,500
30
4%
.
12% July
21
94% Aug
19% Oct
64%
St
Aug
July
11%
Sep
29%
Spiegel
Oct
29%
,
'■
11%
Jan
16
~4%
Sinclair Oil Corp
12% Julv
Jan
550
1,250
4% May
79
29%
A
capital
1
Serrick Corp class B
common.—...1
Signode Steel Strap Co common—.:
*
Corp
Secur
Central States
Jan
8
12
11%.
Common
Prior
8%
10%
Jan
70
100
19%
Schwitzer
July
10%
4%-
10
M) common—
Pub Serv $6 pfd.
Illinois
Convertible
17
.10
--
—
—..
Castle & Co (A
111
May
..5
common—
Brothers
Central
Jan
14
1
—
-.1
Central
20
100
3%
34Va July
85
Wire—
(E L)
Bruce Co
Butler
„1
—
11
50
16)4
450
11% July
Jan
19%
Rollins
3%
y4
12
-1
Brewing
Pence &
Brown
'
._*
Corp—
Corp
Mfg Co capital—
Berghoff
.10
common——
Radio
Belmont
■
Co
26%
16%
Bastian-Blessing Co common——
Belden
1,200
3%
High
May
24
84
class
Mfg Co 6% pfd
Reliance Mfg Co common-
Aug
5% Aug
Aviation Corp
7
9
50
19%
__
Switch
Raytheon
Jun
Mfg Co common:——
3%
100
200
10
Elec
Preferred
22%
7% Mar
Athey Truss Wheel capital-———
Automatic Washer common——
Asbestos
,
10%
34
Quaker
'
Aug
—1
5
common-.—.
Low
10%
RR capital—
50
Peoples Gas Light & Coke capital—100
Co (The) common———1
Pressed Steel Car common
1
40% July
156%
B
Co
preferred
Range Since January 1
High
34
10
common
Shares
Pennsylvania
Jun
Apr
Coal
(The)
Low
6
common
Co
Sales
for Week
Range
of Prices
Potter
Oct
26
100
7
~1>8
6%
Penn
Aug
400
17%
1%
1
8
Jan
Corp
Pen
Peabody
Oct
33%
200
3,050
,6%
6
6%
—5
---
Equipment Corp common—.
Aro
62%
Mar
50
27
:ioo
57
50
21
27
37
Co.—
—
capital-
.
common
Co
7%
—25
class A pfd.
American Tel & Tel Co
Armour
100
common
Products Corp
Allis
62 %
Parker
High
Low
62 V2
—5
Castings—.
Bearing
Ball
Aetna
Allied
Range since January 1
Shares
—25
common——
Aluminum
Advanced
Omnibus
High
Low
par
Steel Co
Acme
Par
for Week
of Prices
Sale Price
STOCKSs-
Sale Price
Sales
Week's
Last
STOCKS—
Unlisted
7%
7%
850
71
71
7%
100
7%
41%
62
500
42
Apr
5%
34
9
250
Feb
Feb
12
Sep
7% July
71
% 8%
44
Oct
July
July
Stocks—
Consumers Co—
V
t
pfd part shares—.——... _50
c
part shares v t c A—— —50
Common part shares v t c B—.
Container Corp of America—*
Common
Common
Crane
Co
—-—.
_
Cudahy Packing Co 1%
pfd— 100
cum
26%
102
27
800
20
26
400
19
Feb
280
93%
V
600
20%
Jan
3%
40
102
x24
26
3%
27%
102
Jan
101
Lighting Inc common— .2%
Curtis
27
Feb
25%
26
2%
Cunningham Drug Stores—
Atch
.
2
26%
Aug
General
&
Deere
Co
common—
#
Industries
Domestic
class
Inc
A—_
Util
Household
Electric
5%
Corp
—.
—5
Drive
General Finance
Preferred
General
17
13%
14
26%
26%
27
5%
Corp common——1
————.————10
Motors
General
Corp
5%
Outdoor
Gillette
Safety
class
Adv
Inc
A——.*
(H W)
Lakes
Great
Dr
3%
8%
50
63%
350
51%
42%
54%
13%
400
8 %
8 %
8
10
13%
100
Dk
•
com
30
6
Brands
Hibb Spencer Bartlett
Borders
Inc
Hormel
&
Co
(Geo),
54%
Apr
9
100
38%
Feb
400
13
Jan
17
20
250
19%
Jan
class
B
Jan
49
12.
Sep
36%
10
34%
Feb
40
13%
Jan
20%
50
16%
17
Indep Pneum Tool
_*
24 %•
23
24%
Indianapolis Power & Light com.—.*
19%
19%
20
6%
6%
Interstate
$7
t
Power
preferred
$6
new..
c
7%
1
common
preferred—*
:
——
Jarvis
(W'B) Co capital—
Joy Mfg Co common
'8%
__*
—__
6
Jan
Xl7%
1
16%
1,000
19%
Jan
8%
24%
May
5% May..
4%
20
15
.
Katz
Drug
Co
Tube
&
Kimberly Clark
&
Co
common
Lamp
„
LaSalle Ext Univ
Leath
1
common^
Switchboard
Kellogg
com
50
7%
Jan
11
13%
Jan
18%
Jan
16%
Early
common
_5
Oil Refining
common.—*
Co capital
McCord Rad & Mfg
Field
West
Midland
22%
22%
200
10%
42
100
41%
Oct
1,250
1%
Jan
3"%
Feb
7%
6%
Apr
17o
21% July
Mar
16 % May
43%
Jan
American
450
13%
17% July
Columbia
7%
7%.
7%
12%
11%
12%
100
prior
Jan
5% Mar
9%
6,050
%
%
2,420
23%
24%
300
Co
Feb
7%
Oct
General
Sep
12%
&
A
Jan
25%
——*
—•
Springfilled
National Cylinder Gas
.9
600
9%
9%
700
5% Mar
%
%
%
200
%
Sep
1%
2%
1,600
1%
Jan
3%
—1
9%
16%
American
Northwest
Nor
West
7%
400
9%
Jan
—_*
50
2%
Apr
'
lien
pfd
52%
53%
500
41%
Apr
53%
Nunn-Bush Shoe
common
Oklahoma Gas & Elec 7%
For footnotes
see
page
27%
Jan
30
53%
29
11
29
10
18%
19
13%
13%
10
36
20
19%
14
15
150
Oct
Jan
9
Mar
Jan
7%
72
80
July
gtd
—•
12%
171
8V4
Jan
12%
Oct
25
325
17 Va
Apr
25
Oct
37
10%
Apr
14
July
35
Jan
45
Sep
Jan
Sep
13%
'
44
1
30
May
18%
10
15
Jan
19
41
41
79
39
Mar
11%
41
30
18 Vz
■
32%
35
12
33
10%
Sep
July
13% Jujy
170
31%
Jan
36% July
Apr
108% Aug
—50
108%
108 %
108 %
L,.
3
107
45
25%" 26
—100
125
21
Jan
26
Aug
115
22
115
Oct
115
Oct
115
2
2
100
1% July
2% May
57%
—
'—.100,
————
229
-
57%
229
57%
464
9
229
227
Apr
59
Apr
52%
229
Sep
4
Mar
Julv
#
3%
3%
150
3%
Jan
10
47%
47%
10
40%
Jan
8V4
Jan
13
July
Apr
41
July
B—
—_—.
*
12%
I—ZIII50
13
38%
—-
39%
577
13
35
47%
Sep
12
Jan
17V4 July
25
15%
15%
15%
130
4%
3%
Jun
63%
62 %
4%
63%
30
.10
201
51%
Jan
66
Brands
29%
29%
25
28%
Feb
33% July
49 Vt
4
43%
Feb
52% Aug
Roller
*
—
49 Vt
Bearing.....—.
5% Mar
July
Cleveland Stock Exchange
Friday
'
13%
Last
21%
200
14%
Jan
19
Oct
1,000
11%
Feb
13%
Oct
Sale Price
36
50
32%
Jan
38
50
17% Mar
July
20% Mar
Clark
19%
10%
15
Cliffs
16%
Apr
Jan
22%
Oct
American Coach & Body
Controller
Corp
21%
120
500
120
30
95
Jan
125
July
Detroit
30
"30%
120
22
Jan
34
Mar
Eaton
13%
Feb
14%
21%
14%
126
100
14%
126
.
10
125
Jan
Sep
14% July
127
July
Commercial
&
Bookbinding
Navigation—
Mfg
Electric
Controller
Range since January 1
12%
Hiah
Low
165
10
Jan
12% July
137
14%
Jan
25% July
18%
Jan
22%
249
63
Jan
85% July
17%
570
13 V4
Anr
IP
15%
100
6V4
a
197
80
14%
*
5
21
79
17%
—
6%
400
53%
10 Va
Jan
4j/4
Jan
Jan
15%
Jan
Julv
Oct
7% July
50
Jun
25
41
53%
53%
40
50
Apr
57
'Jan
22%
22%
20
20%
Jan
25
Jun
47
...
*
Shares
20%
80
5
Cleveland
12%
Sales
for Week
High
a2i% a21%
•
common
Faultless Rubber
12%
*
1
__
preferred
Range
of Prices
Low
...
...
Iron
—5
:
City Ice & Fuel..
Cleveland Cliffs
——
Week'a
4
STOCKS—
100
2%
126
118%
10
11%
36%
Rolling Mill
Feb
pfd__I.Iioo
1559,
Jan
35
31%
Gas
Oct
1
I
108% May
99
1
35%
Motors
Standard
100
prior
107% July
Jan
92
35%
3% July
Corp common..
*
Bancorp common
IJllll*
Util
Jan
315
—*
11% Aug
3%
Illinois
preferred
100%
Sep
3%
_*
Car common
Oct
268
Sep
17
10%
*
National Standard capital stock
North
Northern
7
78%
77
44 /
*
Jun
*
common
Mar
Sep
2%
9
9
*
common
6
8%
12%
13
."
"/
Par
Nachmann
Mar
200
Sep
10
Montgomery Ward & Co com
Muskegon Mot Spec class A
Sep
9
July
.100
common
13
Aug
.100
preferred—.—
Chemical
Apr
7% May
8%
410
47% Aug
18% May
5% Mar
"
Common
$1
12%
106
126
8V4
High
LOW
V
Unlisted-
Jan
Timken
prior lien
*
■
200
5
lien
105
78%
—
Printing
18%
Miller & Hart Inc—
Monroe
S
17%
".111
preferred A
;
Preferred
'17%
com—
104% 105%
126
106
50
A———
class
22%
31
105%
~8%
—
preferred
360
■
.
7
.1—50
Playing Card
44%
.100
6%
U
S
30
2%
Util
8%
Randall
U
30
50
13
.
7
i...——10
Miami
43%
United Co—
prior
Little
Range since January 1
j
5% July
Oct
27
50
20% July
53% July
High
86
—100
—^
—
44%
.,
capital
;
———
30
.
7 %
4% May
18
350
*
Apr
Feb
Sales
Shares
9
National Pumps
8% July
4%
Sep
14
21%
class
•
2
./
Preferred
Sep
100
2,700
13
Lunkenheimer
Jun
7%
Common
.
-
42
22%
6%
18
51
.for Week
of Prices
9
Insulation
Kroger
Oct
Oct
4
I.
7%
.
21% July
32% July
58 Va July
Exchango
Week's
Range
Low
20
Daniel
&
5
Convertible preferred A__
Midland
Jan
6%
4%
Apr
Apr
16
40%
*
___
P.—
Kahn
Jan
3%
18
450
Corp
Hobart
8% Mar
3%
4%;
8%
950
19%
_h—*
Procter & Gamble
common.
Corp
6%
Jan
Aug
—*
....
class A
Mickelberry's Food Prod
Middle
4%
6 %
~7 %
July
10%
19
8
17
—
McQuay-Norris Mfg
Marshall
7
common
Corp common
350
1,650
*
common..—,
Lindsay Light & Chemical
Lynch
6%
7%
3%
12
10%
Sale Price
Industries
Hilton-Davis
Oct
6%
—
Mar
100
Formica
Jun
10%
7
—__*
—
Libby McNeill & Libby
Lion
A
lS
100
Eagle-Picher
Aug
250
7%
•
51% July-
18%
Crosley
Jan
450
6%
:
29
Sep
54%
Cincinnati Telephone
Oct
10
Jan
4 DA
*
i_„
Feb
Jan
15
18%
Preferred
•
Ken-Rad
23%
37%
300
common——10
Cincinnati Street
,
8% July
17%
10%
600
200
16
28% Mar
Cincinnati Gas & Electric preferred.100
Oct
20
16
100
Jun
26%
48
15%
*
Corp common
Rubber Co
CNO&T
19% July
600
21% July
54%
S
Eurger Brewing
8% Aug
Jan
6%
17% July
Jan
10%
—•
common..
Baldwin
Oct
Mar
4
Apr
15%
19%
common
common
.v
Par
Aug
10%
100
11%
Apr
47Va
STOCKS-
May
200
7%
950
35
25%
16
Last
Oct.,
16%
10%
,_1
,
1%
20 Va May
1,300
16%
19
-X
JLLUiL,*
Cincinnati Union Stock Yards—.
17
v
19
300
Jan
—1
18% Aug
Feb
150
4%-
16%
18%
Friday
14% July
17%
16%
Cincinnati Stock
Jun
37
Brick Co capital.
.10
Illinois Central RR. common——100
Products
12%
80
20%
4%
Illinois
Indiana Steel
Jan
50
17'/a
"4%
39% July
10% July
16%
.25
U
Sep
13%
20%
5
—1
Jan
250
20%
18%
Jun
49
-
36%
.
common
9%
1,300
1,050
800
37%
20
20
.5
21% July
13
A—.
common
..1
—
Oct
16%
12%
6
7
July
49"
12
37%
.
•13% Aug
49%
47
13
—
Inc common
(new).
Harvey
Hupp Motors
12%
Jun
5%
»
.
July
Sep
19%
—25
common
common—t—
Houdaille-Hershey
Hubbell
—1
cap
4%
66% July
6% Jan
Studebaker
Aluminum
Heileman Brew Co G
Jan
....
common
July
15%
20
56%
8% Mar
66
Feb
Feb
7
550
July
Jan
Jan
8
64%
Oct
49
*
—*
—
14
Jan
8%
62%
54%
Jan
.
Sep
Aug
23
62%
•
Standard Oil of N J
36% July
34%
(The)
Republic Steel Corp
Standard
14% Aug
Jan
May
10%
150
54%
common
&
500
5%
.*
common
Goodyear Tire & Rubber common
Gossard Co
8
1,400
common—-—_*
Razor
Goldblatt Bros
8%
10
common
Jan
29%
71% July
—
Incorporated
Oil Co
Radio Corp of America
6% Mar
Oct
200
23
Jan
York Central RR capital
Pure
July
550
Jan
56'/a
(Glenn L) Co common.
Nash-Kelvinator Corp
——.
Pullman
38
1,150
'
Paramount Pictures Inc
40
13%
12% Aug
24%
350
common-
Sep
Oct
Oct '
33%
Co
Corp
Jun
Jan
33%
Feb
600
67 %
,_i
Iron
/ 16%
39%
13%
1,300
27%
67
Sep
14%
Jan
12%
27
Martin
Sep
25
50
140
14
(Peter) Brewing com new——. ■VA
Fox
5%
400
38
32%
::io
Auto—
•
39%
■,
Jan
33
13%
_—_—„,
Pour-Wheel
6
39%
National Watch Co———. -15
Metallurgical
Pansteel
Feb
10 %■
12%
27%
common—
45%
Apr
14%
300
200
34
Eddy Paper Corp (The)————.
Elgin
36%
50
14%
111
Inc.—..——— —1
Eastern Airlines
100
16%
14%
—2
Dodge Mfg Corp common
43
16%
_—
Diamond T Motor Car common
13
Corp
13
6% May
12%
43
& Cohn Inc common
Steel
Electric
Interlake
5% July
Apr
12%
Curtiss-Wright
Jun
Mar
New
Decker (Alf)
-10
;•
^.50
com
Topeka & Santa Fe Ry com—100
Bethlehem
.20
.25
common
American Radiator & St San
Anaconda Copper Mining
47
.
Volume
1555
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4323
160
OTHER STOCK EXCHANGES
RANGE
Last
Sale Price
Fostoria
Tire
Goodyear
Hanna
(M
A)
&
Lamson
Lime
al06
Sessions-—
Electric
—*
& Tr__
%•>
—
*—
—*
—,
21
National Acme
Packer
A.
Corp
*
Electric
Richman
Bros
—
7%
Oct
Mar
14%
Oct
Preferred
Sep
Creameries-
'
5%
7%
Jun
Oct
Douglas Aircraft Co,
25%
Oct
Electrical, Products
Corp
13%
Jan
19% Aug
Exeter
10%
Feb
14
Sep
Farnsworth' Television
950
6 %
Jan
9
Feb
General
90
12%
Jan
Sep
Gladding, McBean
13 %
Jan
105
13%
42%
90
20%
32%
810
Jan
90
15
Oct
May
43
43%
250
Thompson Products Inc
47%
47%
100
32%
Jan
1.355
15%
Jan
19%
100
8%
Jan
20
33%
Apr
14
Sep
42% July
Works—
Iron
Dorn
—*
-
17%
19
14
14
Stores-*—————*
Drug
%
a40 % a40
*
t
—
Jan
Jan
common—10
Cleveland Graphite & Bronze com——1
a23% a23%
a43% a43Va
a37% a37%
37%
55
16'
Co
Rayon
New
Iron
common——
Republic
U
S
Steel
18%
Jan
25
35%
Apr
42% July
6%
Jan
10% July
45
15%
Jan
21% July
520
15%
Sep
20%
340
16
Apr
21% July
al8% al8%
Lf
.>
common
a58%
a58
•
—
Jun
40
.
al6% al6%:
a 19% a 19%
common—;——— —*
Steel
39% July
100
a9
*
York Central RR common
Ohio Oil
45%
a9%
a24
a24
*
:
common
common
Apr
Fel?
a38% a38%
common
Industrial
Interlake
Jan
35
40
General Electric common*————•
Jun
24
19%
43
Addressograph-Multigraph
50%
61
July,
Feb
63% July
Apr
*
Oil
Co
Jade
Lane-Wells
Oil
Pacific
Ryan
21%
22%
Jan
44c
Jun
Mar
Jun
22%
Sep
al7
al7
30
11%
Jan
17%
Sep
1.00
:
1.15
1,20
14.460
95c
Jun
500
60c
15%
1,122
72%c72%c
1.25 Mar
75c
Jan
Jun
7c
Feb
14c
Jan
May
48c
Jan
7
6%
71/4
502
15%
17
Corp
Elec
,
al5%
10
common
a
30%
30
Jan
45
346
40% Jan
5%
5%
710
9%
4%
880
4,385
a53V8 a53%
39
4c
2,000
common**—*1
Co
Corp
806
32%
Co*
_* :
Inc
4%
4%
1
—
a53%
39
30
4c
_25c
Corp
*
5%
,
Sep
8% Mar
'
Oct
7%
15% May
33% Jun
32% Aug
46
Julv
7
Jan
11% July
Jan
4%
Oct
40
47% May
51%
Jun
25
36%
Jan
42
2c
Jan
3 Va
% Aug
Mar
5c
———•
13%
1
*
4%
25%
100
41
Jan
50
Aug
993
10% Jan
15
July
414
570
•
4%
Ltd——25
50
13%
50
50
*
13%
Company*—*.:
Chain
9%:
common——*
•/
Jan
110
45
32%
45
*
common*
5% May
15
Jan
a32 % a32%
*—25
common*
Corporation
pfd
30c
3,440
25c
Jan
3
7% May
4% July
10
91/4
735
25 %
25%
1,881
22%
Apr
25%
—25
Stores
42%
42%
50
37%
Apr
43%
Sep
25
—25
31%
31%
687
30 %
Apr
32 %
Feb
30%
30%
30%
343
29%
Jan
31%
Feb
—*
30%
Ltd
Co,
Southern Calif Edison Co
—
6%
preferred class B
5%% preferred C
New York Curb Associate
43c
Aug
500
Aircraft
Orig
York Stock Exchange
42c
14% Aug
3,200
Trading
Sontag
Members
13%
Jan
30c
Signal Oil & Gas Co A
watling, Lerchen fit Co.
13%
6
24c
10
100
Jan
Jan
a6c
Stores
Oil
16% July
Feb
1%
1,500
43c
Oct
Jun
May
4c
51
13c
1
Security Company
Solar
8%
20
14%
15
Products*——„——*
Oil
Sinclair
53
a6c
Aeronautical
Sierra
49%
Apr
a4%
1
*
Petroleum
Safeway
Jan
47
a4
preferred—25
Richfield
Jan
38%
260
29c
*
Lighting Corp
Republic
10
470
.
•
1st
Jan
Jun
30c
&
Gas
5%
Pacific
14 Va
65 Va
1
Finance
Pacific
Jan
Jan
13c
,
Apr.
878
49
49
a
Sep
37
9%
11
352
•.
15
al4%
Mar
52%
415
14
14
*
Co
Clay
Pacific
66
13% Mar
a62% a63 %
Company**—1
Corp," Ltd
Oceanic
10% July
55% July
10c
*__*
Jan
11% Aug
49
Los Angeles Investment Co
—10
Menaseo Mfg Co
—
—:
—1'
Mt Diablo Oil Mng & Dev Co.*;
1
.7%
30
49
10c
Aug
100
310
*_1
Lincoln Petroleum Company
Lockheed Aircraft Corp
Oct
24 l/a
366
15
_
14%
Jan
35
*
*:
.
Jan
a70
common*—
Oil Company
Jun
9%
12%
„
.**"
com-
95%
35
13%
a63%
Co.
&
Rubber Co
A
Sep
20%
200
,
May
9% May
84% May
4,765
569
13%.
24%
9%
73
12%
'
—
—10
common
104
High
Jan
3%
a68%
12%
Radio*—*1
&
Corp
.
13%
a68%
l—l
Hupp Motor Car Corp
Nordon
Unlisted—
Glidden
Hancock
;*
_***_.__
Hudson Motor Car Co
90
May
Standard Oil of Ohio——;———25
Youngstown Sheet & Tube
Motors
Inc
Goodyear. Tire &
44% July'
47% Oct
Weinberger
Ltd
17% Jun
13% Aug,
40%
Van
Co
42%
.
11% May
175
Oil
40O
24%
*
9%
___4
A
Jan
24%
"11
America—,
21
15%.Mar
17
'
14%
«
of
Low
45
238
4%
4%
*_
Range Since January 1
63
a91% a9314
*_
_•
*
—
,35
20%
16%
13%
Jun
May
—,
Shares
High
61%
61%
—5
Corporation
Consolidated Steel Corp
200
90
_100
pfd——
Chrysler
7
24
40%
13%
**—i
Sparks-Withington
Aircraft 'Co——*****
Cessna
11
450
7%
20%'
16%
—_5
——
Jun
106% Aug
—1
102%
••
Low
*100
470
14
7
.***
*1—_—:
21
7%
50
Feb
Corp**—
Investment
Central
470
14%
6%
14
14
L
,._*****——_♦
_
:
Patterson-Sargent
Reliance
1
*%—_
——
National Refining new
Nestle LeMur class
36%
10
24% '25%
al7% al8%
25
Jan
Oct
for Week
Range
of Prices
Par
High
15
111
•
7%
13%
' 6%
•
13
72
al06
7%
21
14%
Portland ..Cement—.
46
15
a48% a48%
__
.-\v
Kelley .Island
Leland
—•
& Rubber**
$5 cum pfd
LOW
High
15
—
Co
Harbauer
Medusa
—*
Steel
Pressed
Low
Last
Sale Price
STOCKS
Range Since January 1
Shares
Sales
Week's
Friday
for Week
of Prices
Par
OCTOBER 6
Sales
Week's
Range
Friday
V
STOCKS—
WEEK ENDING
FOR
}
9%
9%
May
Oct
30%
880
24%
Jan
33% July
361/4
1,236
34%
Sep
39
5%
5%
,160
a70% a70 Va
10
Pacific
Co**
Oil
of
Transamerica
Oil
Union
Telephone: Randolph 5530
Air
Western
Pipe
Last
Electric
Atlas
Drop
1
common
Forge
Motors
2'/a
common
6
Jan
792
6%
Jan
9%
Oct
225
12%
Jan
15%
Jun
16%
100
14%
17
Sep
Detroit Gasket
preferred
—20
Frankenmuth
Gar
Grand
Lock
&
IllIi
Car
1
Prudential
(HW)
Mfg
Standard
Tivoli
Tube
"B"
Udylite
Union
'
"
Invest
•
12%'
■'
:■
12..
6
„
"5%
.
Shirt
Aug
1% July
36c
Feb
Jan
3%
Jan
i 8%
Sep'
1%
Aug
Jan:;
10%
Oct
Jan
450
5
1,435
14% Aug
9
-
Aug
;■
Apr
,
340
'
Feb
170
V
3%
25%
18%
Jan
22% July
Jan
131/2
9
31% Aug
'.
common—.
4 Va
Wayne Screw Products commbn*.—*4
"5%
:.
Jun
Aircraft
Bandlni
Accessories
Borden
Petroleum
Company.^
988
'
.
3
Jan
3% Aug
610
3%
Jan
4% Julv
1.299
12%
2,800
6
9%
3%
12%
Apr
6
Jan
Oct
Oct
3% July
2%
May
2% July
3%
500
2%
Jan
3% July
-
5%
6
6.675
2%
100
4%
6
Jan
5
Jun
•
5%
100
4 Va
4%
1,000
Barker
Bros
Corp
5 % '!>
pfd—*
Berkey & Gay Furniture Co—
Blue
Diamond
—
51
50
1%
650
5%
850
Broadway Dept Store, Ine, com
California Packing Corp common
see
page
'•
51
Jan
5%
4% Mar
1%
July.
5%
1559.
ft
Aug
4% Aug
Jan
Jan
2
—'
Co
6%
6%
6%
700
2%C
Co*:***.10
Ltd
,25c
2%c
2%c
12,000
6% July
5% May
%c
Apr
9
Jan
7% July
3%
July
Shares
3%
Jan
.5% Aug
Co
Range since January 1
High
2
7
Oct
5%
2,610
3% July
6Va
Feb
51
400
Jan
51%
Aug
300
1,685
17%
194
a27Va a27%
53
Feb
12% Aug
43 Vb July
156 Vr
Jan
163% Aug
a
50
42%
Feb
1,080
24%
Jan
5
Apr
56
Jan
a46% a46Vtt
-14
27%
a5%
40
a66% a67%
a67%
27'/2;
a5%
27%
65
5'%
659
5
5
a23 % a23%
55
16
110
a4474 a44%
16
5
a44%
3% May
43% Feb
July
28
6% July
70
July
5% Aug
19 %
Feb
23 Va
15
Sep
18% Mar
10
34%
Jan
45 Va
Apr
66% July
Aug
Sep
63%
63%
560
57%
1—5
16
16 Vr
350
13% May
.*15
a32% a33 Va
100
30
-**5
a40% a40Va
50
36% May
36% May
.*25
a37% a38%
75
34%
Apr
38% Aug
a51% a51%
—
*——
—
*
132
45%
Jan
52
4%
124
4%
Feb
5
Feb
16%
75
14%
Feb
18
Jun
28 J/4
28%
445
25%
Apr
28%
Oct
H
tt
17%
342
%
Feb
552
11%
Jan
8%
8%
2,960
5%
Jan
8%
Oct
a28%
a28%,
•55
30% Mar
32%
Jun
6
870
Co
Tractor
4%
Columbia Gas & Electric Corp
Solvents Corp
Commrecial
Edison
Commonwealth
al6%
_**—__
28
.25
Co
Commonwealth & Southern Corp**
Vultee
Cons
Aircraft Corp——*—
Continental Motors Corp
A
Class
——————
8%
—1
—5
a28%
__1
5%
.
Corp——
125
16
18
Oct
200
10%
Sep
11 %
Aug
a38 %
a37% a38%
332
35Va
Feb
39% July
a42 Vr
a42% a42%
30
40% May
43% July
40
43
53
5%
680
1%
Feb
7Va Aug
a39% a40Va
95
28%
Jan
25
25%
Apr
36% July
31% Jun
5%
1
a30% a30%
Copper Corp
a66%
__—
American Aviation,
Paramount
Inc.
—
Co——*——
Pictures, Inc—***.
.
Corp
Co
Spcony-Vacuum Oil Co__
Southern Railway Co
6c
6%
Apr
a65% a66 %
'
95
37
65Va Aug
23
Jan
Aug
Oct
8% July
65 Va
Aug
25%
Sep
286
42
Apr
51%
18%
al9
220
15%
Jan
21% July
9%
1,268
7%
Jun
18%
18%
9%
Sep
Oct
19% Aug
160
16 Va
Jan
al6% al6%
25
15%
Sep
5%
420
3%
Jan
6%
a26% a26Va
50
25% May
28%
Jun
Jan
30%
Jun
Feb
24% July
May
50 % July
18%
.10
5%
5%
-1
.50
29%
29%
365
26%
.25
24
24
400
20%
19% July
Aug
47%
41
430
15%
Feb
18
Mar
10%
10%
398
8%
Apr
12
July
19%
490
16%
Apr
21% July
a21% a21%
al0C%
—***—
—
120
15%
18%
19%
48
15%
47%
of America*.
Roebuck
34%
335
„1
Republic Steel Corp:—*
*
Seaboard Oil Company of Del—.
Bears,
19 Va
Feb
7%
a52% a53%
Oil Company———*.
Radio
Jan
34%
7%
a
Car
Pennsylvania Railroad Co—*—.
Phelps Dodge Corp—,—*—***_*,
Pullman Incorporated ——;—*
Pure
12
30%
9%
a53%
Company——_*——.
Motor
110
a27% a27%
-18
Montgomery Ward & Co, Inc——.
New
York Central RR
—*.
North American Company—;—._*
Jun
460
7%
„7
& Robblns, Inc—*—*
Mar
34%
—
Libby, McNeill & Libby,
May
18%
18%
International Tel & Tel*
Oil
Jan
18
11V8
Int'l Nickel Co of Canada***——*.
North
6Vb
Oct
18
—
Graham-Paige Motors Corp**—,,
Great. Northern Ry Co. pfd
McKesson
Jun
lVa July
17 Va
10%
Goodrich (B F) Co
Kenyecott
4%
Jun
—1
General Electric Co*——;—-——
General Foods
,16%
Oct
33 % July
a50% a50%
Share Go——
&
III
a
Mar
16%
—5
,_*—*_——2*—L*^
Bond
Electric
*—**——
(Del)——.—*—
Curtiss-Wright Corp
Standard
Oil
Co
Inc
(Ind)
Oil
Co
(N
&
Brands,
Webster,
Studebaker
6,455
2%
36%
409
al62%
80
21%. Sep
24%
a98% al00%
173
88% Mar
97% July
12%
235
12
Feb
14% July
12%'
.15
22 %' Jan
28
Feb
July
a26% a26%
20
a29% a29%
147
29 %
Apr
31% July
32%. 32%
a26%
—
J)*_
Inc
Corp
*
—*—25
—25
*
—
—*
—
—1
a54%
360
32
Sep
34 %
allVa
—
,
a54% a54%
a
10%
a
11%
al8% al8%
a46%
a44% a46%
25
a343,t
a34% a34%
Texas Gulf Sulphur Co
*
—*
14%
15
Tide Water Associated Oil Co——*—10
a78%a79%,
Union Carbide & Carbon Corp—*—*
allOVs al08% allOVs
Union Pacific Railroad Company—10Q
a32
a32
United Air Lines Transport
5
31%
31%
United Aircraft Corp
5
58% 58%
United States Steel Corp—
*
al2%al3%
Warner Bros
Pictures Inc*.—_*;
5
Texas Company. (The)
Low
2.40
100
163%
al2 al2%
a 163%
.
High
7
220
a40% a41%
*100
Aug
Sales
17%
•
Jan
*
98c
for Week
2%
*
3%
Company*———
Standard
2.30
1
Corporation
For footnotes
4%
4%
—1
100
Borg-Warner Corp
Case (J I) Co
Packard
2% Mar
6
Oct
6%
Oct
*
2%
of Prices
7
*_50c
Corp..
22 %
6%
Corp*———**— —5
Airplane
Ohio
1 %
Low
22%
*—j*._*—10
pfd —10
Co_*i._—
Boeing
2% July
Range
Par
Aug
22 %
Bethlehem Steel Corp———*—._*
2% Aug
3%
Oil
Aviation
Jan
Week's
Sale Price
STOCKS—
10 Va
Oct
-5G
Co—
(111)—— —5
Barnsdall
Bendix
Feb
-
Angeles Stock Exchange
Last
Apr
22%
Armour & Company
Atchison, Topelca & Santa Fe Ry* .100
3
Aviation
Corporation —*,—*.
Baldwin Locomotive Works vtc_;— -13
Stone
Friday
7%
100
Jun
.
Standard
Los
100
Copper Mining
Anaconda
1%
500
,1%
5Va
10%
American Viscose Corp**—
1%
.5%
...
Universal Cooler class B*_*——
nil
Warner Aircraft common
10%
& Refining Co.
399
h'
•''.■
22
Tel & Tel Co*—.*.—
American
'200
5' '
•
20% July
Jan
American Smelting
1.600
3%
....
10'/a
Sep
18
Sani Corp——
12%
2%.
"2%
Jan
17%
20
Stan
&
Loew's Inc
6% Aug
440
5%
300
•
8%
2,408
5 % Mar
3%
3%
,
common.—
District
Sep
May
5
'
United
16%
Jan
65c
30
Aug
Jan
1%
100
3%
3%
Mng
Stocks—
Rad
2%
•
;•/■ 2%
""■•■'3% '
.
1%
715
22
.2%
V
;*i
i—*. V—*1
common
'•;■
'
•:
*1
common*—,
Brewing common*———.:
'•■
.12%
12%
■
13o
1
2.300
Jun
18 Vs
Jan
24c
Aug
14
Feb
4 %
8%
14
30
•
,2***1
common
3% "
8%
1V;'.
5%';
:
**
common——*_——.
■•.
%
' :;13
'■
Pattern
4,500
28c
Unlisted
Amer
Continental Oil Co
Feb
12
200
1%
.
1% July
14%, Jan
450
10%. 10%
—
—.——
Simplicity
1
7,
Apr
360
5%
22
nil-
River Raisin Paper common*
Scotten-Dillon common
Sheller
1% Aug
May
'IV*
1:2%
common
Jan
57c
8
n
Rickel
50c
400
Feb
1%
96c
300
,
81c
•;-l..:
a
1
Sep
65% July
4.700
•-
**
—
5%
Jan
Feb
1%
•''
J
common***——
3%
52%
550
'•''./■•■ 3%
Li".
common*————*—. '*___■*
Invest
•;
15%
27c.
3%
■
•
—.
common*——.
433
Aug
17%
80c
common*—*.
Pr
;
15
Mar
12
13%
.
5%
Mtl
''--360
-
7% Julv
Jan
17%
<-:"%■ 5 Va
1%
_•
Rust-Proof
4%
1,103
100
1%
,
Co
Development
Caterpillar
215
5%
Aug
3% Aug
1.465
...
,
13%
Parke, Davis common
Jan
1%
27c
"i
Jan
2%
14%
5%.
1 :•'
•
5%
5%
1%
80c
;
——2-.-
common—
100
13%
v.
common*^————10
Car
Oct
63%
*
Michigan Sugar common*—_*—
Motor
.
Sep
13%
10 %
300
7
3%
14
5%
13%
7% May;,
200
7Va
7
14
/■■■/I
:
Illi
Products common**.
■
Sep
1% Aug
;.5%
.,1%
common——,*.
—.
9%
3%
15%
Micromatlc Hone common———nil'
Peninsular
11% July
1:"'
Michigan: Steel Tube common*—.—2%-
Parker-Wol
671
20%
Jan
13%
13%
Jun
21
Oct
■75c
1
Michigan Die Casting common**.
Parker
15
700
Oct
63%
common
Mfg
Murray Corp
100
1%
5%
McClanahan Oil common*.——
Packard
15
14
common—
LaSalle Wines common
Masco Screw
Jan
V 7 Va
common————**.——1
Drug
18%
9%
Hoskins Mfg common—————*.—2%
Kinsol
125
3%
Houdaille-Hershey class B*——._*—*v.-;
Hurd
20%
13
'
common***——*.
Motor
7% July
12%
3
Valley Brewing common**.
Hudson
8%
Jan
common—*——10
Motors
Graham-Paige
Jan
4%
1%
common*——!
class B
Finance
General
General
4%
462
common*—*„*
Brewing
Mfg
6.576
6%
common*—-———5
Wood Industries common*
Gemmer
8%
common—
Truck
Motor
Federal
1 %St
15
15
5
Detroit Steel Corp common*———*5
Vacuum
Feb
6%
•
20
Eureka
Oct
280
9%
14%
8%
Edison
Iron
10%
Jun
10%
6%
Detroit
Gray
2%
Jan
20%
_i
common**10
Nav
&
Detroit
1%
1,200
16%
common
Cleveland
Range since January 1
Low
High
/'
9%
Detroit
3,292
22
—*1
Cement
Gold
Juneau
Imperial
14%
t
Machine-
Consolidated Paper commonContinental
Shares
10%
5
common..*,
Adding
9%
19%
22
-
2%
2%
Baldwin Rubber common
Eurroughs
Alaska
High
Low
9%
*2;
for Week tut
Range
of Prices
Sale Price
8TOCKS—
Sales
Week's
Steel
&
July
7% July
18%
—
Inc
Portland
19 VR
Feb
1st pfd—"9
California
Lines
9%
*25
5%
Mining Stocks—
Detroit Stock Exchange
Friday
25
2
Corporation
of
Yosemite
K
Calif—*—
Weber Showcase & Fixtures
Western
Allen
Co
Superior Oil Company
DETROIT
Ford Building
30
35%
Southern
Standard
Chicago Stock Exchange
Detroit Stock Exchange
_*
Sunray Oil Corporation**————__1
New
Jan
44
%
1.80
15%
25%
Jan
2% Aug
Jan
2.50 July
Feb
17%
Feb
30V*
Sep
Jun
_*
__
—
.
—
10
53% Mar
80
8 Va May
20
Jun
July
25
13%
Apr
125
45%
Sep
33% May
37
225
13 %
Jan
16% July
63
78%
Feb
82
July
108% May
108
V6 May
34
Aug
51
50
22%
Apr
49 Va July.
July
31%
Oct
476
26%
Jun
396
37
Jan
42 %
150
11%
Apr
14% July
2
July
1 Va May
Aug
class A*———*'*
a45V2
a45% a46%
136
50
—1
a 105%
alOS'/e al063/8
81
43%
16% al6%
50
50% May
62 V8 July
10
a44'/8
a43% a44VR
120
Feb
52% July
& Mfg Co—
Willys-Overland Motors Inc
Woolworth Company (F W)
Westinghouse Elec
10%
175
„
Western Union Tel Co
Jun
55% May
a
42%
Apr
50
.
Jun
CHRONICLE
THE COMMERCIAL & FINANCIAL
1556
Monday, October 9, 1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING
OCTOBER.6
Last
STOCKS—
Range
Sale Price
;
Low
Par
American Stores'—.
:ioo
———*
Tel & Tel
American
Works v t c—. .—13
—50
Securities Corp pfd—-
Bankers
24
Budd
(E G)
Wheel
Co—
Lehigh Coal & Navigation——
Lehigh Valley • Coal_ri-^i4-'—--JLehigh Valley RR——-—
11%
890
5%
Jan
250
7%
Apr
11
Jun
144
78%
Jan
92%
Oct
Westinghouse Air Brake
10%
150
11
!5
5
Mar
40%
.
62%
Apr
16% Aug
47% July
507
13% May
44%
140
39Va
62%
63%
475
51% Feb
66
171/4:17%
20
12
Jan
11%. 12%
2.671
Jan
12% Oct
1% Oct
16
5
8%
1% Mar.
20'
.i%,.'.i%.'
120
51/8
Apr
Sep'
4%
5%
30
25
pfd-w—-™
Motors
Reo
23% Jan
116*:- Aug-
,
26%
76
:
.
Jan
291/a-
630
28%
17%
108
16
22
i9«
%
1%
Jun
38%
Jan
68%
800
% Sep
1% Mar
1.101
1
.
%
•
1%
1%
36%
31%
Apr
37%
1,255
14%,
13%
Sep
15% July
20% Aug
15
275"
201/4
20%
20%
1% July
370
37
13%
13%
Jan
Jan
)
.
Week's
Last
Sale Price
STOCKS"
,
for Week
of Prices
par
Low
Shares
Range sltfce January 1
:*
4
4
40
4
:
■
•
.
2% May
7% Jan
267
,
13
15
4%
Jan
3%
111
2Va
100
4%
275
3%
20
15%
110
,
18
5
110
8%
1%
13%
20
5% Sep
20% July
Oct
Jan
109% Aug
10% Oct
Jun
6%
1.000
13%
1.590
2% July
110
7%
902
1%
.13%
—1
10%
Oct
Jan
'
Phone""
—'
CEntral 7600
Bell Teletype SL 693
: •'
-
•
Exchange
Week's
■
of Prices
Par
Shoe
Brown
Sales
for Week
;
Range
Low
Range since January 1
Shares
•
common
;
41%
ziio
Electric Co——
6%
v,*;
6%
21%
21%
41%
6%
200
20
5%
16%
16%
115
20
100
.100
2
2
.100
——,
16
16
'
9%
Jan
12%
Jan
2
Aug
15% July
45c
50
Range
Par
*.'
Abitibl Power & Power common
7%
Acme
10%
10%
15%
21%
16%
16%
90
37
37
50
32
Jan
16
16%
65
11
Jan
Apr,
130
Jan
115
Oct
July
Cement common—25
Missouri Portland
National
Candy
Rice-Stix Dry
common
Goods common—
175
42
150
5
10%
15%
800
175
Apr
13
Apr
22
225
Copper
51
Sep
Jan
115
Aug
May:
8%c
2,500
1.49
,1.45
1.67
lie
lie
lie
600
10c
Jun
14c
21,800
15c
Apr
28c
Aug
11%
11%
————
85
95
640
99%
99%
99%
68c
"
■
67c 69 %c
13
July
99
8% Mar
7.25
84
Sep
96
175
Jan
58
7,710.
Jan
101% July
76c
%c Feb
8.05
5.75 May
514
9c
90c
55c
Jan
22c
22c
7.35
87C
...1.
7.25
22C
2,000
17c
May
34
9c
1,600
8C
Aug
18 %C
8%c
5,500
1'
5c
5c
5c
16c
14c
17c
41,350
43 %c
52c
58,500
105
105
.
500
i,
Mining
1.79 Mar
Jan
'
.—1
Astoria Quebec Mmes—^
1.10
200
94
14c
7%c Jun
27,712
—
5
,„L
——
43 %c
Aumaque Gold Mines—i—.—.—1
Gold Mines
1
Aunor
——
Bagamac Mines
-_1
———;
Bankfield Cons Mines
Bank
Bank
Montreal
of
of
80c
87c
Jun
July
1.15 Aug
9c
4%c Jan
July
Apr
Jun
8V2C
Jan
31 %c July
39c
July
Sep
107
3.80
2,350
10c
10c
13c
850
10%c
'12c
.10
16%
17
.10
27%
26%
40
Scotia
new
—.
28c
4.40
July
23c
Feb
10%C Oct
-
24c
May
18 %
16%. Sep
28
26
15
Sep
26% Sep
Sep
Sep
27%
Sep
44%
Feb
38
Jan
24 %c July
13%
Feb
16% Mar
36c
1,500
Feb
10c
55
14%cl4%c
1.04 May
Apr
Oct
10c
240
•••■■
7U/2C Aug
Aug
3.20 Jan
,50
26%
40
2,500
,
27%
—i .10
.50
preferred
Metals Mining—————,
Nova
Bread
103%
32,000
3.65
-1
new——
Bank of Toronto neW—
Barkers
Base
83c
3.75
,
Jan
2.89 July
,
'
Bathurst Power class A—
Bear
14
Exploration & Radium
Class A—
Brothers
Class B
Blue
26,500
1
1,44
1.40
1.47
8,846
29
29
105
&
;
—
.100
i —1
—
!
—
Sons
1
1571/2
9.75
1.06
—1
26 %c
.Hats.
Ribbon
24
50
15
Feb
158
165
151
Apr
9,75
410
1.00
1,10
Top Brewing
class
10
26 %c
28c
60c
May
9V2 May
13,800 '
9%
1V2
22%
B—
8.50 July
3 400
15
7%
—
Jan
9.55
.
9%
'common!
1.31' Sep
21%
155%
15
.—5
-
Bidgood Kirkland Gold—
Blue
1.80
24
Mines
Quebec
Berens River
Biltmore
1.65
;
Belle terre
Bertram
1.71
:
Canada——/
Bell Telephone of
115
—1
——
Beattie Gold Mines Ltd————.
Beatty
,14%
15
22c
8%
75
.
22%
Aug
Jun
July
15
Bralorne
Mines,
,
1
Brewers
&
Light & Pwr
Distillers
con
British
American
Oil
Columbia
Packers
British
Columbia
British
Dominion
»'
-_5
:
British
12 %c
•
Lt,cl__.
Brazilian Traction
12c
625
22%
3,755
8%
8%
8%
22
1,394
Power class A
223,'k
22%
22%
*
25%
24%
25%
•'
•
Oil—
17
Jan
see
page
1559.
.
275
,
6%c Mar
Sep
115
115
■5
106
11%
12
280
9% Jan
12
Stix,
common—.
.,10
11%
12
130
9
Feb
12%
Wagner Electric common———
-15
34
34
210
31
Jan
35
Mar
70
71
$16,000
60% May
71
Oct
Baer
&
Fuller
,/
BONDS—
12
»—1
34
Oct
Jan
■
.
inc. .1964
St Louis Pub Serv 25-yr conv
LISTED MARKETS
Week's
Sales
Range
for Week
Sale Price
:
Hill
of Prices
Shares
Par
Calgary & Edmonton Corp Ltd
Camp .Bird
Canada Cement
2.45
July
25
Aug
158
Jan
.11.00 July
1.50 Aug
16
67c
9%
69c
Jan
70c
Mar
19% May
3.55
Jan
5c
11
24%
119
37%
21
July
Jun
July
Wire
class
Canadian Bakeries
—50
37%
—*
—
—
21
B__
■
preferred —--—100
Canadian
Bank
Canadian
Breweries common
Commerce
-10
14%
—•
new
8
•„
-
Preferred'
Canadian
common—-
—
-*•■
,5.''
*
5%
1,915
245
1
Gold
Mines
—
-
•
Smelting— —5
Crow's
Nest
Pass
Coal
1
2.90
3.25
12%
13
July
Aug
14
Julv
2.30
1.26
Feb
1.62
Jan
48c
1.26
1.72
Sep
Mar
2.00
1.57 Jun
3.30
14
11% Jan
15 % c
Sep
Aug
2,50 Jun
21c
Jan
1.15
380
July
Jan
17c
53,300
.
85c
144
8%c Jan
200
May
Mar
Feb
July
Sep
July
20c
500
20c
Jun
22c
Apr
30c
30c
1,000
29c
May
33c
Mar
5
May
39c
.
26,700
6%
400
1.56
200
1.46
1.55
6%
1,46
1,866
51%.
1.20
100
15
15
95
50
51%
1,640
139%
—•
'
6%
1.56
•
.
Jan
39C
'
^
140
79
1.25
4,800
/
1.15.
1.15
'
—
-
«i
Jun
1.33
14%
15
20
21
38%
38%
20
34
Mar
84
24%
to to 0
16
Jan
Jan
1.13 July
92%
24%
7
1.75
.
Jun
38% Jan
128
92%
*'
—
..100
.
71
Feb
90c
2,000
1.40
Jun,
July
6% July
1.50 May
600
1.25
20
Apr
10%
4,200
Mar
45
Jan
/ Jan
133
5,550
1.20
Jan
20C
•
-100
pfd—
2.28
28
35c
111*
-!
Con west Explorat ion
Paper Box
Imperial Mills
3,110
Julv
10% July
.
20c
-"-*"
Tli
-
Corrugated
1,10
Mar
37 %c
—5
—^
Mines—
Consumers Gas (Toronto)
Cosmos
3.05
12%
—Li
—
&
200
1.40
«
—
Bakeries
2.00
18
Jan
Jan
Jun
60c
4,405
14C 14 %c
.
•,
—
Petroleum
Mining
11%
21
.
17
24 %c 24 %c
1
-
—
76
45
5%
2,410
140
14 %c
1.23
35%
Jun
Sep
8% Mar
16% Sep
24'% Aug
,
Apr
/ 15
31,764
2,15
2.28
,
■»
Co_
.
71
79c
1.05
1.06
—1
—
6%
,
8
50
1.90
—1
—
Mining
Ltd
12
24%
310
17
11%
11%.
1
Mines
42%,
Jan
Jan
,
Jan
8%
22%
Aug
15%
Jan
40%
.
312
140
Chesterville Larder Lake Gold Mines—1
,
5
365
27
96
14% Sep
655
10%
66c
25
-
Chemical'Research Corp—,
Consolidated
69%
———100
Central Porcupine Mines-,
Consolidated
41%
.69%
Gold
Willans
23% Aug
Feb
1,569
17
,
!117 '
—*!
Tretheway
Plow
Jan
91
955
Quartz Mining——_—i
Lake
18%
10
585
.v41%;
—
Oils preferred
Canadian Pacific Ry
Chromium
40
15%
9%
Sep
Jan
24%
16%
Aug
12% Mar
,31%
43%
26%
common—
Malartic
Patricia
9% Jan
■
Canadian
Central
165%
14%
17
Canadian Locomotive
.Castle
Jan
24 v4
25
Dredge
Canadian Industrial Alcohol A—-
Cariboo Gold
145
15%/
Canadian
Canadian
122
24%-
—
New preferred
Canadian Celanese
Jan
15
43 Va'
-
Canners
1st preferred
,-—-—20
Conv preferred. _—_-—!
——*
Canadian Car & Foundry common—*
Aug
8% July
Sep
179
'
7%
53
6
90
365
,
Feb
9% July
115% July
May
43% Jan
175,.;:
8%
14%
25c
9%c Apr
64
95
Mortgage
2.24 Mar
,
110
21
95
.;'/
38
Preferred
Canada
Cochenour
6.20 July
6%
160
Coin
Jan
6
6%
Jun
May
103
50
10%
Cockshutt
Jan
Jan
158
Oct
1.40 May
93c
6%
1.70
10
49
10%
Jan
Sep
310
48%
160
Feb
July.
9
8%
600
.
115%, 115%
49
*
10%
Sep
8% Aug
Sept
100
Commoil
23%
6c
Permanent
Oct
27
18c
3,810
Steamship Lines common—--*
22%
22
3,300
7c
Canada
10
17 %c
21c
Canada
Jan
31
8% Aug
$1
Mar
80
9% Jan
21
8% Jun
1.80
118
Coniaurum
11,100
,190
6c
Canada Packers
Conduits National Co
47,376
500
10
21c
100
—
Coniagas Mines
21
Jan
3%c
6c
•
common
Preferred
/'Canada. Malting., ■//—-—i,™——r/
Canada Northern
Power—,
Sep
82c
Jan
3c
High
Sep
15%
21c
1
Jun
92c
5%c
85
1.80
Mines-!
Aug/
20
3,000
/ r
10
10
Calmont Oils/Ltd —^———-.-1
14%
80c
18%
3%c
3%c
Low
6c
18%
'
24%
85C
5%c
5%c
•
Jan
Jan
•
—.u*
—
Range Since January 1
High
Low
—
Burlington ;.'SteeI
Sep
21
150
Mar
.100
20
82c
5.50
16%
110
11%
90c
5.50
footnotes
10,075
14%
22
•
common.
1
For
13c.
14%
22 Vi
44
130
Commonwealth
Bobjo Mines Ltd.
July
130
,
Aubelle Mines Ltd
Ault & Wiborg preferred——i,-—.100
17
22% Sep
16% Aug
16
Apr
12% May
preferred
—
2nd preferred
——
Sterling Aluminum common—.
1st
Feb
19c 20y4C
—1:
MineS—,-——
Gold
Ashley
4% July
Apr
Apr
58
47
—.—
Ltd-;
2%
27
50
113
7%C
Anglo Canadian Oil—
/———
Anglo Huroniaii Ltd-—,
.—1
Aquarius Gold Mines
Gold
2/100
3,175 "
48
—
Area Gold Mines
3%
Sep
High
113
Algoma Steel common,——
—
Aluminium Ltd common——
Aluminum Co. of Canada 5% pfd- Too
Arjon
Low
19c
Consolidated
Pacific
Aldermac
Range since January 1
High
3%
Apr
10
123
Bunker
Shares
109
-100
—i.*1''
1—1
Ajax Oil & Gas————————
Alberta
.
6%
Jun
5
5%
.100
Building Products Ltd
49%
—,
Oil—-——
&
Gas
3%
IlOQ
preferred
preferred
6%
for Week
Low
Sep
22
Piping & Supply common——*
■'
Sales
of Prices
43
Midwest
Buffalo Canadian Gold Mines
Week's
Last
Jan
35%
5%
STOCKS-
Funds
Sale Price
•
Jan
Sep
16% Sep
2>
41%
Toronto Stock Exchange
STOCKS—
Apr
7
62
Last
...
Oct'
12% Sep
Key Co common—————/i-::-;-—— „*
Laclede-Christy Clay Prod com—5
Laclede Steel common—-,-—i—20
Friday
Friday
Aug;
35
Jan
RANGE FOR WEEK ENDING OCTOBER 6
;
Canadian
17
Feb
28
13
23
Jan
12
35
13
13
Aug
8% July
Aug
Jun
Jan
18
35
16
lis'-
45
Jan
40
100
21%
,
High
Low
High
«
8% July
50c
CANADIAN
v-v
/
;■/
Oct
July
5 % Mar
Apr
101
10%
8%.
11%
Jan
110
108% 108%
Jun
16
.
1 % May
18%
10%
4
Jun
4%
110
High
29% July
Apr
18%
40
*
Fuel Supply———r.
Fireproofing Corp—
Pittsburgh Forgings ——
14
4%
2%
—-——10
National
11%
14
~4%
com—_1
Fort Pitt Brewing—'
!— 1
Harbison Walker Refractories————*
Home
(Joseph)
preferred-™—*—100
Koppers Co preferred—100
Mountain
24%
30
10%
Star Gas——
Low
28
Continental Commercial Corp
Lone
High
27
Co
Blaw-Knox
Oct
International Shoe common—*
-*
Byers (AM) common-———-?
Columbia Gas & Electric common—*
Aug
1
Sale Price
.' Preferred———,
"
common
2
28%
Apr
Co.
&
'V-
\
Last
Hydraulic Pressed Brick common
Sales
Range
Friday
Co
21%
_/•
,
Stock
Sep
Pittsburgh Stock Exchange
Gas
203
303
.
,
Griesedieck-West Brew common-
Nat
May
July
,7% Sep.
10% Jun
' '•
/,
Friday ■"
Huttig S & D common——
Arkansas
1
■.v.j 210- '
1%
28%
28%
"
Jan
Peppe r common^——.
Falstaff Brewing common——:
Steel—-——
Feb
St., St. Loiiit 2, Missouri
St.
Sep
Jun
2
Century
Ludlum
Jan
6%
Established 1871
New York Curb Exchange Associate
Dr
Allegheny
3 Va
1 Chicago Board of-Trade
Chioago Stock Exch,
15% Aug
44% Oct
Jun
3,881
1%
preferred ;—
stocks—
935
Associate Member:Chicago Mercantile Exchange
Feb
53"%
6
:
63%
%
■
■
■
Improvement—————13%
Westmoreland Inc. ———————10
7%
10%
8% Aug
10c
Mar
226
44%"
i%
11%
20
•
New York Stock Exchange
St. Louis Stock Exchange
Oct'
304
13%
13%
60%
34%
Members
■
.
Sep
26% Aug
,
'
,
300 North 4th
Jan
119 %
Jan
.41%
United Gas
7%
1%28%
-
,
31% Julv
184%
Sep.
17 "
63%
'Oil
$3
1,140
i 44%
—--v———*
Transit Invest Corp common——25
,! Preferred ——-—25',
United Corp common™1
!™—*
sun,
18% May,
26
/;.
,
7% July
5% Jun..
i6i%May
2,097
28%
17%
common—/—™——-*
Scott
'
3.287
75
20
■
118% 119%'
119%'
-1
Paper
■
301/s
.183%
25%
■> 29
common—-——-*--50
Co
4.476
19%
.
—100
4.4% preferred
Phiia Elec Pow 8%
170
5%
29
-
Reading
6%
182
: 19%
Philadelphia Electric Co common-'—--*
$1 preference common—w--_j.—*
i
%
5%
:
-—50
Salt Manufacturing—
,
Edward D. Jones
7% Mar-
5%
Apr
41/2 Jah
6
6%
Pennsylvania RR——————50
Jan
St. Louis Listed and Unlisted Securities
Julv
/
Penna
Jan
2c
17% Aug
12%
•
4%
600
Jun
Jun
1.00 Jun
May
Sep
44%
III—50.'
National Power & Light———
*
Pennroad Corp —.—
—-1:
100
5c,
65c
Sep
55%.
7%,
United States Glass com v t c_
92%
15%
,
1
10%
Vs
"*
'
w
700
10%
_1
101/4
•
80c
;
Oil: & Gas common-
Shamrock
6%
Feb
5c
Standard Steel, Springs———
Sep
52% Sep
12% July
63%
44
—
24
Feb
55%
—
10
———
Apr
34%
121
Jan
4%
205
80c
—1
—
95
100
6
5%80c
High
Low
High
———-
Mining
10%
—
Battery-.-—--
Electric Storage
18
Toy
10
(wd)——-13 %
Delaware Power & Light
General Motors
Gimbel Brothers
70
36
,
24
San
Range Since January 1
Shares
-
118% 118%
I
Co.:
Reymer & Bros
19% July
.164% July
Jan
Renner
90%
10%
.9.0%
\
preferred —————————
Prior
/■ 52%
11%
Mfg. Co common-—:
Budd
-I——5
Chrysler Corp —.——...
Curtis Pub Co common-——-.
156
52%
237/b
—
.
High
Jan
243
: 162i/2 163%
163%
Baldwin Locomotive
Low
14%
241
18V8
—25
;
prices
Low
—25
Pitts Screw & Bolt Corp—
Range since January 1
High
J7%
18%
-
—
Shares
of Prices
of
Par
Pittsburgh Plate Glass———
for Week
for Week
Range
Sale Price
Sales
Week's
Friday
Last
STOCKS—
Sales
Week's
Friday
Philadelphia Stock Exchange
,
Sep
Sep
Aug
July
July
55% July
Aug
2.84 July
141
95
Aug
May
.
24%
Sep
May.
38%
Oct
,,'^T
J*
j i-fc't* iH V 1
c
.■Vfi^ryl"? *•>"%,( •Vy^^'nt'r-'"1'!
ii
LISTED MARKETS
CANADIAN
RANGE
Range
Sale Price
<
Shares
Par
Dairy Corp preferred
Petroleum—
Davies
Nickel Mines
Denison Nickel Mines;
4,270
33%
Mar
42
1,810
25
May
Steel
Jan
7
8
3,581
7
Apr
9% July
—*
Products
Machine
5
5%
5%
195
17c
20c
6,200
9c
Jan
%C
8%c
10c
28,900
7c
May
2,23
2.30
4,350
13%
Aircraft
—————-—
20%
69c
30
30
5.55
5.80
common
Power
preferred
—
5%c/c preferred'/—g—,-
5%
General Steel Wares—
Prcfcvrcd
"»
Gold Mines——
Gillies Lake-Porcupine Gold
Glenora Gold Minds—
L.¬
God's Lake Mines Ltd—
Giant Yellowknife
16%
.•
15%
Mines-—
Golden Gale Mining
——-—
Goodfish Mining —————
4c
4%C
26c
25 %c
26c
22c
23c
5c
915
10c 10 %c
20.500
10 %c
4c
4c
55%
56
50
25C
6%C
5,500
16%
12,618
6%c
6,700
4 %c
Feb
9c
12,600
29c
Oct
47c
38c
41c
6,260
38c
Aug
75c
57c
62c
27,200
57 c
Oct
64c
Sep
12c
12c
12c
9c
July
15c
July
11
11%
654
May
13
July
2.80
2,95
2,470
2.80
Sep
1,000
3'Ac
Apr
1,500
26c
Apr
5
.
2,95
Homestead Oil & Gas
■,———.
IIIi
3'Ac
500
■
3%c
10
5c
common—
Zioo
80
80
30
72
Jan
18
18
3,000
18
Sep
19
26% Mar
790
14
2,749
12%
Apr
12%
1,065
10%
Jan
75
6%
Jan
72c
72c ;
72s
100
54%c
Feb
105
International Nickel Co common———*
33%
32%
33%
——*
20%
20%
1.00
1
—1———-1
Mining
Waite
Jan
May
105%
Jacola' Mines
——,———1
Mines...—
Jason
Mines,,—,—,X
Goid Mines
1
Jellicoe
J
Consolidated
M
Keri-na'dison Gold .Mines—.————j
Hudson
Kirkland
Lake
Kirkland
1
Mines
Bay
106%
Aug
1,841
28
Apr
35% July
19%
Apr
23
Jan
10 c
5c
Jan
3c
Apr
Jan
41c
Jun
8c
Aug
32ev
34c
v
23c
2,850
May
4%c
6%c
6,137
4%c
Jun
4c
4c
4,100
l%c
Jan
6%c July
10%
10%
10%
5,993
8.75 May
11% July
70c
75c
3,000
30c
1.10
7,300
90c
Jan
2.48
2.65
2,400
.1 1.66
1.87
19%
6.15
80c
Apr
1.06
70c
1
Ltd
Mines,
Lamaque Gold Mines———
Lsipa Cadillac Gold Mines—..
3,50
1.51 May
Jun
80c
6,500
Jan
2.75 July
20% July
19
19%
159
14'/«
Jan
6.10
6.15
625
5.70
Jun
■•V.:
July
1/20 July
July
6.75
-1
10c
10c
10c
6,100
6 %c
Jan
15c
3
Lebel Oro Mines——
1
Leitch Gold Mines. Ltd
1
Little Long Lac Gold Mines Ltd—*
Loblaw Groceterias class A
—*
Class "B"
—*
16
15%
16
595
13%
Jan
16
Laura Secord
Candy
3%c
——
3%c
1.30
8,225
1.33
1.40
27
27
27%
25%
1
2c
500
1.25
1.38
——
—.
Goldfields
Louvicourt
1.29
3.05 July
4.50 Aug
Feb
2,000
99c
Sep
1.73
3,100
81c
Sep
1.64
Feb
6
Jun
7%
Jun
1.65
July
1.05
82c
85c
6'A
6%
1.28
1.30
13%
2/53
2.60
13,075
9.25
9.35
874
31c
31c
500
25c
Sep
G6c
60 c
800
3Cc
May
1.00
1.07
6 537
75c
Jan
■■
-
115
89c
•■2,100
Mar
6%
14%
Jan
2.32
210
•
Jan
Sep
2.92
Jul£
10
July
44c
8.25 May
Aug
Oct
60c
.
'
1.07
1
—
*
Jan
64c
Jan
117/bC
Feb
1.25
15C
16c
4,600
5%c
5%c
7,500
27%
27%
50
23
Apr
27%
28
Feb
33
Sep
7c
Apr
21c
Aug
35c
May
52c
Jun
;
—
5'Ac
33
13 %c 14'Ac
4,500
39c
45c
64,000
15
15%
1,470
18%
18%
125
28
28%
32
14c
Merger Gold Mines.
-1
42c
.10
4c
50
32
common-
15%
A
__
"10
14'A
Mar
6c
Jun
Oct
16
Sep
Sep
18% Aug
21%
Feb
60
19%
Jan
29 7%
July
2'Ac
Sep
2%
Apr
Antonio Gold Mines Ltd
Shawinigan
Power
*
Mines—...—50c
Mines——1%
Gold
——1
8
Sigma Mines
8,600
17%
4.25
40c
890
14%
1.05
70c
1
1
Gold
3%c
3
16
4.05
38c
14%
14%
1.05
71c
-
&
Water
Creek
3c
3
17%
4.10
39c
•■',W-.V/
—1
*
——50
'
Class
B
10%
44
29%.
112
.113'
70c 73 'Ac
51c
56c
28
'
.
70c
51c
•
10%.
9'A
44
28
—100
1
—1
'
Mines,—-—
9%
9%
—*
—
Goid
68c
—
—
Preferred
.1.03
.
Silveroods Daries preferred.—..
Simpsons Ltd class A
30
13
Mar
34c
90c
1.10
Mar
100
,212
:
8%
Apr
Sep
92c
jJuly
12.
Feb
8.75
Jan
16
Jim
,65c
Sep
Jun
Jan
50c
13 'A May
780
2,500
8,280
Jan
4.45
Jun
3.40
2,940
19.466
5c
3% July
17%
Apr
iSep
9%
.
70
25
Jan
12
Apr
Jan
46
150
30
105%
42c
Apr
19,600
47c
Sep
-18c
Aug
Aug
114% Sep
Jun
20.150
•
75
Aug
90c
90,050
Sep
28'A
Sep
Jan
26
68c
40
78c
1.60
Feb
22'/»
331
Jan
21%
9,350
25%
68c
70 c
;•
Jan
1.45 July
Apr
Malartic
West
South
Springer
Mines
1.25
July
77c
19c
—1,35
common——_*
Paving
—
*
14%
Preferred
Standard
—
Radio
67'A
♦
Preferred ———..1—-——25
Steep Rock Iron Mines—.—.——«- *
Sturgeon River Gold
——1
Sudbury Contact Mines—
1
Sullivan
Cons
Mines—.—.—
1
Steel
of
Co
19c
1.28
4
1.35
2,000
Petroleum
Sturgeon
Standard
500
Canada
common
..
3.45
'
4
14%
6%
68%
150
73
3.50
21c 21c
40
14%
6%
67%
71%.
3.35
--
20
Jan
65c
Jan
28c
Jan
5
16,460
2,000
1,000
Jun
1.70
2%
Jan
5
July
10%
Jan
15
July
;
115
,
5'A Jan
8% May
61
Jan
69% July
68%
Jan
77
Jan
2.04
15c
May
4%c Jan
4.40
27c
Jun
Aug
July
7 % c Mar
5%c
5'Ac
5%c
L45
1.43
1.52
10,700
261
840
196
Apr
290
July
16'A
3.75
46c
11%
110
15
Apr
17
July
255
Supersilk Hosiery A
Oct
1.43
1.94 July
July
6'Ac
Jan
1.03
Apr
Sladen
Sep
July
:78c
Oct
Tamblyn
Ltd
16'A
common
_L——1
3.55
Thompson-Lund Mark Gold Mines..45c
Tip Top Tailors common
:
*
11
Toburn Gold Mines
1
1.00
Toronto General Trust
100
100%
Toronto
Mortgage
—50
..
Towagmac Exploration CCo—
1
~r.
Transcontinental Resources
/<—.—-*
2^,
Teck-Hughes Gold Mines
16
3.55
43c
11
3.90
3.85
4.00
2,725
3.40
Jan
4.50
July
2.85
2.71
2.85
8,280
2.12 May
2.95
Sep
Gold Mines——1
2.29
2.25
2.30
9.250
1.60
Jan
2.42
Jan
4.25
Jun
Union Gas Co.—
3c
Jan
United Corp class
50
3.20
Apr
38c
.Aug
8'A
Jan
90c
Jun
4.00 July
79c
Jun
12'A Aug
1.15
Aug
1.00
1.05
100 100'%
7
85
Jan
10O
25c
100
25c
30
80
Jan
500
15c
Mar
33c
Aug
61c
64c
3,400
40c
Mar
95c
Jun
8%
17'%
8%
17%
1,520
40
101% Aug
100
Oct
Sep
3.35
5.627
14,769
800
—
1
MacLeod-CocKshutt Gold Mines——1
Macassa
Madsen
Ltd..
Mines,
Red
Malartic
Lake
.
—1
Fields,
Gold
Manitoba, & Eastern Mines,———*
Maple Leaf Gardens preferred
..10
Maple Leaf Milling Co common
—*
Preferred
common™
Mines
Red
Gold
6%c
8'%:
21%
1
Gold—
1
Mines
Alines.
Oil
&
•
National
1,200
19%
Jan
5C
185
55% May
2,000
24c
29c 31 %c
1.99
37,700
1,775
&
common
Lac
*
Power
4,400
July
63
1.77
Walker-Gooderham &
Sep
5%c
Jan
55c
Co
Jan
46c
7c-
15Q1
Mar
Jan
6
19%c
Jan
1.75 May
July
40 %c
14
July
Sep
59c
2.15
May
Jan
1.89
54c
55c
99c
Jun
21%
21%
21%
125
18%
Apr
22%
46%
Jan
58%
Sep
23c
Sep
33c
Sep
58
58 Vz
23c
27C
*
12
11%
12
840
9%
.Tan
12
28%
80
27%
Feb
29
20
,,
National Steel Car
For footnotes
—
see
page
Mar
58
•
*
36c
25c
,
1559.
40
40
6c
' 6c
3 7% :
^
2.75 2.85
1,500
10%
9%c
8c
11
9%c
Preferred
Mines,
Ltd
j..
Worts
com
—-——;
—
*
—
69%
*
*
...
4.85
70
21'% 21%
94c,
1.07
4.85
63%
Wasa
Lake
Gold
Mines——
Mills com.—.*
—a-——100
——*
West Malartic Mines
^^.--.1
Western Steel Products
——*
Westons Ltd common—
——*
Western
Canada
1.05
———
Flour
—
Preferred
Western
Grocers
—
common...
174
—
5%
5%
81
82
125% 125'A
167
180
15
15
17'A 17%
Aug
480
.
_•
common
18
Jan
17
28
17
17%
-■
5,700
620
395
4'AC Jun
3%
Sep
8,000
1.96
Jan
766
6.00
Jan
Wiltsey-Coghlan Mines —_—_—
Winnipeg Electric common
Preferred
13% May
18
7c
Oct
Aug
Sep
Jun
5% July
2.94
Sep
,Mar
Sep
July
Wood
—
Wright-Hargreaves
Ymir
Yankee
Girl
*
100
—
(Alexander & James)
1
pfd
Mines
Gold—.—:
100
*
—*
•
17%
6c
6%
__
102
4.00
6c
5'A
7'Ac
6%
Jan
Aug
Jan
5.45 July
4,837
57%
Feb
70
Oct
390
20'A
Mar
21%
Sep
60c
Aug
1.09
Sep
993,050
1
250'
255
10
4 'A
July
75
Jan
79%
Jan
6% Mar
94%
152
2.00
Mar
Aug
SeD
97c
Aug
85
12
Mar
15
Oct
370
15
Jan
18
Aug
20c
114,400
4c
Jan
4,514
4%
Sep
40
60%
Jun
97
Jun
10,560
64
102
102
30
4.00
4e
2,200
'4c
19c
6c
4.50
63'A
3.90
13% July
135
140,100
Apr
..1
:
Gold Mines..
Jan
32%
10%
—
Waite-Amulet
Sep
3,200
440
...
2.85"
*
—1
Ventures, Ltd.
Vermilata Oils
Mar
12c
5,000
25c
13%
12
70
—
1
Upper Canada Mines Ltd—
8%
25
—.—u—.
United Steel .L—,
Jan
Sep
3%c Aug
32,110
13%
Jun
7c
1.34 May
-■
May
9%
107
Jun
—50
"A"__.
6%
Jun
22
Apr
102
86,009
61
1.74
22C
Jan
67/a
100
16c
I
Heat
Grocers
Preferred
July
1.99
Light
Corp
11c
Feb
3%c
29c
Gas—
Porcupine
Mosher Long
Apr
7%
24c
13%
Mining Corp
Moore
47/aC
9%
——8%
—.......—*
17%
"B"
Oils
6,857
1,569
,:
l37/aC
24c
——*
Fuel
Oct
3%c
lie
"
,
;
61
1.65
United
United
Oct
5'/a
2,000
61
Sen
9%
7c
1.70
10
19%
15
•
.
Apr
106% 106%
7c
Jan
Feb
7%:
7%
7%
500
21%
21%
l'/2c Mar
13
6%c
8%
—_—1
——.
Mid-Continental
Moneta
4,295
17%
—I
...
Lake
Graham
Mercury Mills
Montreal
9'/a
6%c
20
Mines
Lake
Gold
McWatters
8%
_9
17%
,»—*
——_5
Segurs
McMarmac
McVittie
30
8 %
:
Red
McLellan
9%
t
3,500
—.100
Mclntyre Porcupine Mines
MbKenzie
5,800
9%
—..*
common
Preferred
McDougall
3.50
2 %C
*
_
Preferred
McColl-Frontenac
3.40
2%c
19%
—
;
——
Massey-liarris
3.50
2%c
—1
—:
Maralgo Mines
.
1.35 July
Jan
1.84
2,415
G%c Jan
4c
*
Shore
3,500
2.249
32c
2.55
Lake
10c
4'Ac
4%e
& Exploration-——1
Luke Dufault Mines Ltd
—,——1
Labrador Mining
Mar
3,700
3,770
——J—.
(P L)
Sep
44'Ac July
2.08 May
83c
1.13
13
1
Silk
9c
Jan
3.90
——_
Mines
Gold
July
14 %c July
Jan
2.70
—1
Mines
1.50
Jun
7c
Jan
Mar
99
1.15 Mar
3%c
Aug
1.07
July
28c
Jun
20c
Aug-
90
2.58
——
L—
40c
1.07
1
,,,,,,1
Mines
Sherritt-Gordon
.
4'Ac
1.09
—
Mines
Gold
Sheep
Sep
97% May
24c
Co—
•
12'Ac Aug
1.29
—
Mines,
Dome
Mica
Siscoe
Jack
Mar
1.00
.
Senator Rouyn. Ltd.
25% July
15
■
5%
9,35
Corporation
Class
Jun
4,647
■■■■•
21
Petroleum
International
5
10
105
4%. Aug
82c
*
St Anthony Gold Mines
Lawrence Corp common
Jun
9
99
215
s.
105% 105%
100
preferred
99
91
22
— —
A
'.'V
25
6%
——
St
13% July
7%
'
Sep
5
3.85
..
.1
trust—
Russell Industries common.
15% July
12
7%
13%
12Ve
9%
2.60
2.69
3.85'
_1
C—_
Gold
Rouyn
Rouyn
Sep
7%
13%
of B
-1
San
Imperial Oil —
Imperial Tobacco of Canada ordinary..5
Inglis
(John).
——v———.6
Inspiration Min & Devel——.—,1
International Metals common A
•
Preferred
.—;—100
Jan
14c
.
1.08
1
—I—1.
Mines
Mines
Royal Bank new
Royalite Oil Co——
84% Aug
Imperial Bank of Canada new-
;
Mines..
Gold
Gold
Robertson
July
34c
31%
/;
Gold
Roche Long Lac————
July
33c
30%
m
6%
Mar
May
42c
32
33 c
31%
—1
160
24,150
Riverside
3.70 Mar
10
Gold Mines-—
:——
Hudson/Bay Mining & Smelting—
Howey
9%
.55,100
Reno
Feb
60c
9%
Mines...
Gold
Quemont Mining Co
Jun
4ic
9'A
"O'
9c.
Queenston Gold
Feb
31c
.1
—————~ —
6c
29C
16%
39c
Quebec
Sep
30c
Jun
9'Ac
Proprietary
Jail
6%C
14%
8c
Purdy
'
-1
50
37c
Premier
Jun
.1
15
6%c
Power
Aug
1.29
Jan
15
9c
Gold
Malartic
Voting
Jun
6
Jun
53c
38c
Powell
9%c Mar
Jun
25 %c
Mines.
Cadillac
East
4%
Jan
1,560
3,200
1,333
Preston
83c
Aug
70c
30C
1.35
Pressed
555
95c
32c
May
28c
—
1.28
Sep
-
—-
Erie
5%
Sep
40c
1.31
Jun
.1
Hasaga Mines
Heath Gold Mines
&
16%
5%
83c
SOc
.1
•'>'
—
July
6%
20c
1,800
5
I
Ltd—
9
17
13,700
35
50
Jun
17,770
45c
10,200
40c
ia% May
2.46
13,100'
—
4.50 July
Jan
22%
15c
Mines
Oct
17c
Oct
1.37
Jan
20
53c
Porcupine
Jan
4%
12c
Apr
Aus
42c
21
42c
49 %c
Feb
5
95
266,225
2.07
2.10
15c
Jan
505
5
50
17c
'
—
Jan
;2%C Jan
14,000
3'Ac
5%
5%'
Highwood-Scarcee Oils —+—
A
Hollinger Consolidated Gold Mines
Huron
3c
Sep
5'A
12c
.
96%
Pioneer
Jan
6%c
Sep
5%
5'A
,
13%C
'
new
Pickle-Crow
25% May
5'Ac Mar
4%
—
36
6%
Jan
«
Gold Mining Co,,——
Metals /—i
—
500
50
.1.20
4 'A
96'A
Perron
Sep'
7%c July.
May.
1,110
3%
3%
III1
17c
1,600
8%
20
1.02
Paymaster Cons Mines Ltd—.
Jan
6%
87c
Apr
96%
12'Ac Aug
Feb
3% May
10
24c
3'Ac
Mines——,——
Oil--.
6%c
10.
8%
50
Mines—-—-——
Harricana Gold Mines—
Home
23%
6%c
Bridge,—'—Hamilton Cotton Co—
Harding Carpet ——.—————
Hard Rock Gold Mines—
—
Gold
125
.
25c
Hamilton
Harker
4,000
5
8%
Alabastine
&
Gold
3%e Apr
9c
23%
Swayze
llalliwell
1,000
4%c
5
17c
July
45c
——
Oil & Refining
Partanen
Aug
56%
+
preferred
Pandora
Jun
101
Jan
50c
1,980
Products
Pamour
Aug
7c
Jan
Feb
1,000
20 496
85c
Mines,——— —*
Page Hersey Tubes
18 %c July
52 % Mar
8%C
—
Lime
1%C
84%
4%C
8c
74c
)S
Oils
Pacific
Mar
7c
7%c Mar
' 50
,
4'/aC
—i
43c
Jan
60% July
8c
Car
Pacalta
Apr
38c
Jan
2%c
10
95
55%
15c
2,000
4c
95
IIHo
8c
16%c May
4 250
3c
Sep
10% July
Feb
Steel
Crush
Ottawa
12'Ac Mar
Jan
3%c
"19,000
23c
5c
Sep
103'A
1.99 Mar
,
Ontario
Jan
85c
*
Orange
48'A
70c
—1
Mines
——
1,178
8c
—
Malartic
2.17 Julv
85c
IIl5
—
Mines
Oils
Oct
Jan
74c
*
Omega Gold Mines
17% Aug
Feb
100% Aug
3,000
Bousquet Gold
*.
Mines *—
——.
—I*
Great Lakes Paper vtc common—
*
Vtc preferred _—————
—50
Great West Saddlery preferred,—_
—1
Gunnar Gold Mines Ltd———
Halcrow
20
97%
May
411%
295
5,285
Grandoro
Gypsum
93
Mines—^
•;
58
180
Jan
%C
59
e
—
common,
Gold
O'Leary
Okalta
May
6,600
—i
Graham
91
4c
i
Goodyear Tire & Rubber common-.
Preferred ———'————
Jan
9.05
,
O'Brien
July
84
8%C
i
Preferred
Northland
Oct
8.20
Oil
10
8,000
__*
Ltd/
Corp
180
1.13
56%
58
High
Low
160
180
—Ii
'
Mining
Canada
Range Since January 1
High
1.08
1.11
«.
Mines
Novth Star
July
8c
»
30
Sep
10
8.40
ini
Oct
Low
1
—
Normetal
Sep
% Apr
15
103 103 V»
Nor gold
Aug.
80c
8
8.50
—i
20%
Jan
5.50
8%C
i.
Eagle
:
16%
—i
Goldale Mine
Gold
94
:ioo
"*~<-*^
*+
94
.100
Apr
15
88
88
■
.100
Shares
—
Northern
Jun
70
: 9 %.
9%
9%
26%
Apr
Mines f
Noranda Mines
Feb
4
Mav
30
1,275
for Week
.100
Trust
Negus
Jan
15%
50
5.55
*
—
Nat
Jan
33c
40
11,250
71c.
67c
Range
of Prices
Par
7%c July
4%c Sep
3
STOCKS—
Aug
5%
88
Oct
23%
Sep
39
Jan
3% May
785
Sep
6.00
Apr
75
620
26%
11%
Apr
27
,,,,,,
Exploration
Gatineau
25%
20%
26%
Last
63 %c Aug
3.10
2,000
.
3
3
3
*
Canada class A
Fraser Cos
5%c
Apr
Oct
Sales
Week's
Friday
Sale Price
2.70 Julv
15% Mar
,f
195
Lampard, Francis <te Co., Ltd.
Jan
Jan
8
2,500
35%
:
Toronto Agent:
Oswald & Drinkwater (M-MC-TR)
(TR)
S. R. Mackellar & Co.
32ck May
12%c
44c
325
4
75
5'Ac
-*
Foundation Co
————*
Francoeur Gold Mines
———;«*.
Frobisher
36
3%
75
3%
Telephone-—WHitehall 3-0852
Montreal Correspondent:
Correspondent:
Toronto
Feb
13
2,170
4.95
4.80
4.90
Me7nber Montreal Curb Market
Street, New York 5, N. Y.
30 Pine
Sep
5%
Jan
1.66
30
11%
115
Apr
3%
5,800
11
35%
104
5
46c
'
Nickel Mines—
—*
Farmer Candy Shops,.-——,,,1
Co of
13%
45c
45c
*
,,—
Retained by Us
Willis E. Burnside & Co.
12% July
Feb
85
■
.11—1
Mines—
9 %
12
2.30
common-———■——*
Preferred ———.,'—100
Federal. Kirkland ————
-1
Ford
2c
50c
20C
Federal Grain
Fleet
13'A
50
5'A
I
"Blocked" Securities
Aug
21%
45
110% 110%
Falconbridge
Fanny
Sep
2'/b
347
13%
.
Oil—
Washing
13%
25
13%
2c
9
Eastern
Easy
26% Aug
24%
12
Malartic Mines—
Sullivan
Apr
Sep
Sep
17%
———25
Eastern
East
19%
395
Investors com——1
—————100
common———*
Duquesne Mining Co—
:
-1
Crest
Oct
18
24%
Dominion Woollens
East
or
31% July
preferred
Tar
"Free"
For
Engineer of Wide Canadian Experience
American
Mar
38%
Stores
Dominion
May
26%
17%
class B_
Dominion Steel
5c
37%
13%
Dominion Scottish
'
Jun
25%
18
Dominion Malting
Dominion
1.12
26
Steel com_——*
Dominion Foundries &
Commission Orders Executed in U. S. Funds
■
Jan
2% Aug
12,000
3c
Oct
Jan
1BC
Mar
38%
—10
Dominion Bank new
■
70c
3c
commonLtd———
Mines
12c
2,500
.—I
.———
Seagrams
Distillers
9,000
94c
93c
49
Jan
16
94c
High
Low
42
49
12C 16 %C
—*
■
Hill
Delnite
Dome
49
.
Range Since January 1
High
Low
+--50
—
——
OCTOBER «
ENDING
for Week
of Prices
Last
STOCKS—
WEEK
FOR
Sales
Week's
Friday
155?
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4323
160
Volume
tfArJ."
i
500
May
7% Mar
69%
102
Apr
Sep
4.50 July
4'Ac July
Monday, October 9, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1558
LISTED MARKETS
CANADIAN
WEEK ENDING OCTOBER 6
RANGE FOR
Week's
Friday
STOCKS-
Last
Exchange-Curb Section
Toronto Stock
Friday
Week's
Range
for Week
of Prices
Shares
Sale Price
STOCKS—
Par
6
Co
14% May
19
260
354
1.40
July
2.45 July
117
28%
Apr
13
13
70
12
8V4
209
Dominion Sugar,.—--
22
22
22
50
Canada
Vinegars
Consolidated
9%
2'/8
8
Paper
Jan
2%
514
Jan
41c Mar
25c
Sep
2
Aug
12 Vac
Feb
18c
Jan
30
400
3
3
5
15C
15c
100
29%
240
24 Va
3
——.
29
—-—
Va
29 %
5'/a
Grain
Preferred
Jan
ll3/4
15
9
Jan
102
103
99
Jan
103
100
Feb
104%
520
13
Jun
19
11'A
3,050
10
Sep
1.30
1.30
1,500
1.10
Sep
17%
19
80
•1714
Sep
99 V*
90
St
20
410
22
22
A
Last
Sale Price
6TOCKSPar
Sep
50
5%
Jan
11%
9
Jan
13
933
85
Sep
98 Va
9%
of
Jan
50
50
1
_*
Bathurst Power & Paper class A-—*
Bed Telephone Co of Canada——100
21
21
61
15
14%
15
305
156
157
81
Brazilian Traction Lt & Pwr——__*
22
21%
22%
3,461
*
21
21
21
113
Corp
—
—
Columbia
British
Class
Corp A
Power
B
:. '
80
8
11 %
Jan
133/a
Jan
.
Canadian
Foundries
Iron
Preferred
—■»_
20
Power
243/4
Sep
Northern
Ltd
Canada
3 %
1.85 May
Ltd
15 %
Jan
Jan
Preferred
Canadian
6%
Jan
New
14
6
New
Scotia
new
Canadian
Ind
43%
146
38
285
10
10%
1,145
29
29
25
27
585
%'
170
43%
26%
42
42
42
41
32%
,
'
25
Jan
36
Jan
45
154
25%
290
25%
Sep
26
180
243/4
Jan
35
5%
5Va
5%
6%
135
5
Jan
73%
10
27
Jan
73%
10 %
Jan
14
Steel &
Dominion
Dominion
Preferred
Feb
Feb
110
233/4
Jan
31
July
13
12%
13
75
12
Sep
14
Jan
8
8
206
4Va
Mar
10
July
22
22
30
17%
Apr
24
Jun
25
25
75
22
Apr
26% July
.
138
Dryden Paper
Electfolux
Steel
New
7%
1,368
7
Apr
915
8
Jan
110%
104
Apr
180
68
Apr
74
155
Feb
163
6% May
9
8%
195
133/4
830
9%
16
15%
20
8%
240
9%
205
16%"
737
102% 102 y2
8%
Gypsum, Lime & *Alabastine_.
8%
10
8
14%
8%
Apr
Jan
11% Mar
100
6%
75
May
Bay
Imperial
Oil Ltd
Tmnerial
Tobacco
Industrial
—
of
Can
common- —5
International
Preferred
Int Nickel
Bronze
————
Laura Secord
(C W)
Lindsay
Preferred
5 fe
Int
Lake
John
St
MacLaren
Montreal
10
6%
Jun
612
12%
Apr
15% July
12%
12 %
12%
710
Jan
13% July
27
30
21
Mar
16
485
12
29"
195
22
15%
28
power
Jun
July
Sep
Jan
16%
29
Oct
1
Murphy Paint Co
Southmount
Jan
273/4
Feb
26% Aug
16
16
25
13%
Jan
8
8
2
8
Apr
65
65
10
65
Jan
8%
8%
8%
1,000
8
Feb
9%
Jun
Dome
V/2
7%
7%
170
6%
Apr
9%
Jun
Francoeur
Jun
J-M
May
Joliet-Quebec Mines Ltd;
common
Corp——
*
16
25
25
260
132
16 %
Sep
8% Aug
65
Aldermac Copper
17
•
Aubelle
Mines
Astoria
132
2
126 V4
Jan
18%
Apr
Jan
27%
132
Electric
Rwys
Development
Price
Corp
—
—
„
Gold
Bros
For
& Co
*
«
Ltd
footnotes- see
common
page
1559.
•
25
21
21%
1,326
26
9
18
Jan
26
Oct
37
37
1
35
Jan
37
May
19
25
13%
Feb
33
Jan
Ltd
5
22
890
9'/b
9 Va
25
21%
21%
420
2
2 Va
8
63
11%
10%
n%
825
58
58%
65
5
135
8
.
5
102;
50
97
40
25%
26%
250
5V4
5%
19
26
33'4
97
IlOO
4
.
Jan
Apr
26%
Ju:i
Jan
31 Va
Oct
18
100
5%
.
Jun
22
19% Aug
Oct
Sep
21%
Oct
4%
Aug
Feb
2%
48
Sep
24% July
50
.Tun
16%
Apr
Jan
19 %
Sep
18
Jan
23% July
19
135
99
65
5% May
19%
Jan
9%
7%
Oct
2210 Mav
1.50 Mar
2% Mar
Jan
8% Mar
30
Sep
12% July
46%
Jan
59
4
Aug
5
3% Aug
91%
20
Jan.
July
,
5%
100
26%
Sep
Sep
Feb
May
Oct
"
97
H00
103'A
23C
97
-
10.
103% 103 %
61
23c
2,210
18c
21c
14,000
4%
Jan
6%
Sep
12
Jan
22%
Jan
92%
Feb
99
103
19
Sep
-*■
1'
^
Gold
Mines
8c
'
Ltd—*
—-a-* ■./
—
Mines
~-
—-L
1
83/4C
--1
Mines
Shore
37 %
235
17 Va
2,145
13%
Jan
18
July
Quebec
25
300
15%
Jan
26
July
Sherritt-Gordon
July
Siscoe
Gold
Gold
58
196
48%
Jan
60
26
26%
130
23%
Feb
27%
Sep
Steep Rock
27
27
34
24
Feb
27
Aug
Sullivan
Mining
14'%
300
11V4
Jan
Jun
Wasa
6
6%
220
5%4
Jun
8
Jun
Wright
30%
29
30 %
4,970
Jan
31
Aug
Corp
Ltd
Mines
Mines
Ltd
Ltd
Mines
1
—_-5
Sep
May
Oct
106% May
30c
Mar
Gold
15c
Jan
31c
July
3c
3 V2c
1,200
2c
Jan
5c
July
43c
50c
2,700
48c
Oct
69c
80c
80c
525
71c/
Aug
1,000
15C
Sep
Oct'
92c
15c
31c
July
8c
8c
1,100
6c
Jan
lQe
July
75c
2,000
63c
Mar
84c,
July
25%
25%
40
25%
Oct
—
2.15
1
69c
,71c
-
—
30% July
69c
1,000
4c
4c
1,000
1 %c
Jan
6c
July
8%c
8%c
800
3c
Jan
15c
Jutv
15%
Feb
20
July
56% May
63
July
69c
59
Jan
19%
19.%
60%
60%
134
2.15
2.15
500
1.38
Jan
4.75
500
3.40
Jan
80c
Sep
4.35 July
5.00 Aug
500
35c
July
45c
Oct
68c
69c
300'
66c
Jun
90C
July
70c
71c
3 100
42c
Mar
1,500
54c
45c
—1
—1
——.-1
1
Aug
38c
4,75
-r
•
^-1
45c
55c 55 V'aC
Apr
1.25 July
76c
Jan
3.40
3.40
1,000
3.35
Ltd_;———1
1.45
1,43
1.52
7,600
1.43
Oct
Mines.——.50c
Mines Ltd
—*
,1.04
1,00
J..06
4,100
70c
Aug
1.08
Sep
3.95
3.95
3.95
200
Feb
4.45
July
Iron Mines—
Cons Gold Mines
Lake
14
6%
15%
Ltd-.
Mclntyre-Porcupine Mines Ltd
O'Brien Gold Mines Ltd—
Pato Cons Gold Dredging
17
37% July
17c
75c
--
—X
22% Aug
Lake
22c
15c
18c
-1
Ltd—
Consolidated Gold Mines
Gold
37%
19
18%
'3%
Mines Ltd—;—1
Malartic
Mines
57%
—1
of Canada
3
3
49V4
2%
Jan
25
19
^
^
Beaufor
27
-
Powey
18
21%
.;-
—_——
Sladen-Malartic
Ottawa
"
22
Corp Ltd.———*
Aumaque Gold Mines———
26 V4
Noranda Mines Ltd
3% July
/
23%
•'
Ltd——.—
Mines
Arno
24
37V2
*
July
Sep
May
Apr
10
'
Mines—
Jan
Steel
.
58
pfd—.
Investment—.-.—
20
Breweries
Placer
3
49Vt
.50
85
22
21%
18%
Southern Canada Power 6%
23
National
31%
21V4
p.-1*
1
Niagara Wire Weaving
29%
21%
—20
com—
Preferred
310
National
.
Jan
'
26
■
300
1,512
2 V4
common—.
26
common
Car
Co Ltd
26
■
3 %
26%
Jun
4
Sep
Jan
Reliance Grain
24%
$
2
3
227
2 Va
3
26
250
Ltd———...
6% 1st Ffd.-
25%
•
"
Aug
35% Aug
,V
7% Apr
5 Va
of Can.
Jan
•
4,931
5
Jun
21
9%
Ltd A
Quebec'Pulp & Paper preferred-..
Quebec Tel & Power Corp A.—;—
19% July
27
Aviation
Corp.
Aug
.—40
9%
.
223/4
—
Feb
(f
23 %
Telegraph
Jan
3%
2Va
———.
Hotel
35 V8
»
28%
105
33
Jan
Royal
14
25
650
17%
Mount
Apr
—
9%
Jan
10
Jun
Apr
...
Jan
24
20
22
9%
Apr
Mortgage.--
7% Aug
22
Paper_.»—
193/4
•
&
Jan
4
3
Oct
3% July
A——.
Apr
133/4
25
Ontario
&
Minnesota
14%
preferred--
Loan
4,502'
35 V4
Sep
25
Jan
4
35
"
26
Ltd—
13
—100
.
28:
May
60c
5%
100
.*
5
15% Aug
-
2%
6%
Oct
Corporation
32
—
8%
28
Power & Paper Co__«—
28
Montreal Lt Ht & Power Cons
Montreal
8V4
P—
&
381
—
Cottons
6%
800
95
Moore
Jun
*
(Robert!
Montreal
Aug
115
\
10
July
Canadian
Mitchell
12
25
3%
Feb
1,055
Oct
May
10%
P
805
—
Mar
95
—_
1,960
Oil
10c
common..-..i-
20%
f
3,641
.100
—
33%
——
Jan
12'a Aug
Aug
8% Aug
166
Jan
50c
35%
•
Jan
10
4V2 May
95
Corp
213/4
Massey-Harrls
13
.
Distilleries Ltd common-.,
—10
Preferred
——4—.
173/4 Aug
13% Jan
26% Mar
100
2
25
20
(Can)
33
1
70
700
6%
31
iO
50
common
7
24
9%
99
.
May
15
3
————*
♦
Limited—...
cum pfd_.
Ltd
Aug
1014 Jan
145
2
"
■'
Sep
51',4 Aug
8% July
41/2
...
,—5
Utilities
78
:
40c
-5
227«
Jan
43% Jan
289
164
2.40 Julv
Apr
20,
51
7
Ltd A
preferred
conv
■!
15
*
6%
J
Foundation
6%
1,237
V4
4%
8%
preferred
cum
1.55
4,915
49%
H
Ltd..-*
Ltd
Industries Ltd
Metal
22
40c
——
—
Oct
Jan
271,4 Jun
,
2.25
2.20
...—■'.?
Corp
Sep
Mar
23% Sep
Jan
pfd.
102%
150
-3
92
Mar
23
10
Linoleum——*
&
20%
—
20
36
21%
common
Works
20%
„
McColl-Frontenac
cum
Ltd
20%
Candy
Jan
425
79%
Maple Leaf Milling Co Ltd com.—
Mnssey-Harris Co Ltd 5°!c pfd— .100
436
the Woods common
90
22%
49%
common-
21%
Co
International Power common—
Lake of
5%
33%
Petroleum
4 Va
Jan
25 >%
; 164
Ltd
Paper
International
114
Jan
2%
22 34
22
100
pfd
class
common— -15
of Canada common——
International
s
0
Melchers
19
16
.25
90%
2.25
*
Sep
11
27
common—^.
—
—
1
Sep
31%
Acceptance Corp common
90 V4
507«
Apr
60
v.
1
Aug
5
53/4
11
——
60
100
"B"„.
Canada
A
Iniernational
July
14
Mining—
114
3 V4
4% July
Apr
25
20
18 VB
19
Smith
Howard
Hudson
27
1,979
-
111
3 is
14%
31%
Gold Mines
Paper common..
Hollinger
5%
5%
Bridge
2%
1,880
35
Ltd
of
Ltd
Noorduyn
Hamilton
50
,
20
International Paints
July
20
9%
High
Low
:
Feb
2
8%
102%
Int
Sep
410
72
13%
._*
Range since January I
Shares
12"
Companies,
Freiman
Jun
163
20
common—
Fraser
9 % July
12 %
% 110%
13%
——100
Wares
for Week
of Prices
.100
Aircraft Ltd
Motor
Ford
Mar
72
—*
Sales
Week's
Range
10
Paper Co
Aircraft
Fleet
July
,
163
109
110
8%
Canada—
preferred
163
11%
—__100
48%
$40,000-
80
Engineering
Fairchild
Oct
140
Jan
7%
Power common——
Gatineau
Generai
Feb
150
11%
—1
of
116
30
<
7%
——
Co
20
162
11%
100
Corp
Foundation
138
162
common—*
—
49 Va
Funds
Last
1
413/4 Mar
108%
—25
——
Preferred
Feb
Consolidated Paper Corp Ltd
33%
30
Dominion Textile common——1*
50%
22%
———
2,370
,110
B——__25
Coal
Tar & Chemical
Preferred
Donnacona
150
162
Sep
—
Aug
29%
100
Sep
B...
!
37
37%
--——100
common
15%
10
Alcohols
Feb
1,243
29%
Preferred
Sep
Co
Sugar
Gen, Advt
Preferred
Oct
29%
■
Neon
Commercial
6% July
38%
Dairies common
Glass
Claude
293/4
39
Dominion
15
.1
common.—...
Products 5% preferred .15
Food
Catelli
Oct
—.—*
Dominion Foundries & Steel—
165
12
Square
25
—
15 %
79%
Oilcloth
37
'—
15 %
common
Inv
Dominion
37
.
Sep
Investments Ltd..
Paper
Dominion
37
110
&
Pr
Aug
273A
Preferred
28
Cassidy's Limited
55% July
39
465
'•'
Sep
Vinegars Ltd—-—.——I—-.
32
970
32
preferred-
26
Co
Jan
51 %
32
Coal
74
common.—
Malting
Jan
50
32
100
28
Packers Ltd-..—,
Dominion
51%
_—
Sep
28
48%
July
5
—■—.*
Sep
114
General
6% July
73%
—————.*
Dominion
Feb
27%
2,615
Consolidated Mining & Smelting
Dominion
Oct
6%
11%
_•
18%
49%
Industries Ltd
Can
Jun
26
11%
Preferred
Sep
361
100
Co
Paper
Canadian
Aug
33
Distillers Seagrams
Oct
16%
Sep
16%
16%
—...——100
Canadian
Feb
25%
Dominion Bridge
17%
3%,
Dominion
&
Canada
July
28
32%
———4*'
15
High
Ltd—
Canada Northern Power 1%
Jan
1,105
Cork & Seal Co
14% Sep
17% Oct
120
3%
&
Power
Canada
Jun
141% May
30
27 Va
6%
14%
147
17%
16%
preferred,
Canada
Aug
26
——*
245
143%
Low
Belding-Corticelli Ltd
Mar
39
100
—
15%
3%
preferred
,
7%
Bathurst
10% July
Jan
11%
Crown
,
27
Canadian Pacific Railwav.———._25
Glass
Jan
Apr
common—_100
———„„*
Consumers
45
Jan
8
50
6%
Sep
15
17%
Sale Price
Co
152
;
15%
,7% Mar
Sep
14%
Paper common——_•
&
Power
Br<$wn
152
Alcohol common——-—*
Locomotive
10 %.
37%
10%
——-100
Jun
Par
Jun
Investment—:
Apr
29
Feb
July
15
STOCKS-
AbltibI
Aug
—
691%
Jan
Friday
Feb
40
Foreign
Jan
27%
Canadian
12%
8%
4%—.——
62
30
V
Aug
Jan
preferred
B
537
Jan
Canadian
Class
6%
Apr
new
5
145
28
Oct
19
Mar
Montreal Curb Market
Columbia
5 Va
Cottons
2,883
64
205/b
14 %
British American Oil Co Ltd
93/4
26%
6%
44
British
31%
_
6
57%
i.7
Jan
45
common—
21%
28
notes.
Power
Aug
150
—
71
Jan
25
153
-10
„————
July
1,233
,*
Feb
Oct
July
-10
new
9
8
25
25
58
63
-10
15
38
;
410
8 34
5% July
Jan
71
••
V
—_.l— -10
v';
12
7%
Celanese
Canadian
6
43%
V"
Jun
5
10%
—*
57
Jan
Feb
50
6%
-.25
9 3% May
12
51
——*
75
25
18 %
.
new
Montana
Jan
21
Apr
37%
preferred
Canadian
18
761
10%
—
7%
3%
13
4
21%
^ .100
-10
Jun
8
Preferred
7'<
50
14
9%
38
preferred
Canadian
20
20
.
10%
common
8 3%
Bonds-
117% July
103 % May
170
14
Canadian Car & Foundry common
Old
285
10%
—_1
■■
8%.
—"
Bronze
% Aug
76 % Jun
64
.100
Royal
203/a May
common—-——*
Breweries
common—.—
20% July
15%
————-——50
preferred
Feb
69
Jan
•
Va,
18%
preferred.—"
Jan
25
io y4
Steamship common—
5%
Canadian
11
Feb
69
18%
69
—————————
Jan
24
19% May
275
100
—
J tin
63
30
28~~
common,--. .100
& W
Preferred
Jun
600
115 115 %
—.—*
Canada
125
120
21%
Hiram Walker G
Wilsils
Aug
214
com_100
new
.,—__—
83/4
Sep
68
56%
16% Mar
157
151 Va Mar
18%
8%
*
*
15
Oct
18 %
8%
Class A
Forgings
Jan
72
4
Cotton
Wabasso
6 %
Canada
11
93%
United
July
2%
——*
Preferred
24% July
8%
8lA
City Rapid Transit com——
Steel Corp
'
Twin
52% Aug
24
18% May
18%
Canada Cement common—
Jan
68
25
,L:——.
—
Sep
21%
72
9%
Canada common——.
—
Oct
101% July
Jan
47
70
18 V2
2%
———T——
Building Products class A
——*
Bulolo Gold Dredging—————5
142
Oct
Jan
963/4
preferred——50
Telep
Canadian
128
—100
18%
Jun
93
Anglo
15
Southern
Jun
110
11%
Asbestos
20
Steel
High
7
99%
11%
142
20
40 %
10
Nova
11%
11%
of Can pfd—100
Electric Corp——_—_*
Aluminum
Sep
Feb
20
15
Range sinee January 1
99%
Co
Amalgamated
20
1,010
15
for Week
85 %
93
,———-———-*
Ltd
Aluminium
Feb
143/4
•
7
*
Steel1 common———-4..
Jan
14 Va
14%
Montreal new
11%
7
common——'*
Ltd
Works
Glove
Algoma
16
389
& Sons common.—.—.
Canada Power .V".—
Sep
LOW
Oct
13% Mav
63
8
Commerce
Shares
63
60
Canadienne new
High
14.1
Apr
100
Imperial
of Prices
Low
Jun
2% Mar
150
Funds
Sales
Apr
135
24
Montreal Stock Exchange
Week's
Range
13
10
preferred
*
Sep
Sep
3% July
8,315
142
Banks:—
Friday
Sep
4,310
142
Co.
Oct
11%
Paper preferred——
——
Preferred
Feo
11
3%
23%
(H)
14
141
Breweries
Simon
Jun
May
141
—————i
Preferred
Sicks
9
18%'
3:
■
15 Va
18 Va
High
Jun
100
Shawinigan Water & Power
Sherwin-Williams of Canada.—
Sep
9914
25
May
3Va
_50
75
;
'
7% Mar
■'://• 3;
103 103 %
103%
common—
Flour Mills
Lawrence
St.
Zellers
Acme
Corp
preferred—
Lawrence
Winnipeg Electric
Preferred
Canadian
.100
■——'_VH
Lawrence
Class
St
Feb
19
-——
Southmount Investment
July
1.72
Oct
97
common.——
Saguenay Power preferred———100
12 V4 July
common..—^—
Paper
Low
Feb
1.45
18
10%
1.30
i
_
_
11%
Rolland
Apr
99
Metals
Pend Oreille Mines &
70
July
11%
Paper—__
11
■
1.05 May
900
1.15
1.10
—.
———■
Ontario
12
11
Aug
17
Hayes Steel
Minnesota &
3
Sep
9Vb
1.80 May
5,111
30C
30c
Sep
10
——
Aircraft
Disher Steel
Products
Dominion Bridge Co
Foothills Oil & Gas
deHavilland
Reliance
50
22
Apr
8%
300
8ys
8 %
%
30c
Oil
Dalhousie
10
2 Va
9%
2 Va
i_——--
8% Aug
Sep
Sep
22
—
Canadian Marconi
Aug
13
Aug •
7Vt
8
&
13
40 Vo Sep
8%
Canada
.—I—
13
Oct
19'
38
"B1' ————'—•-—
Class
3
•
12 Va May
Jan
2.25
—*
Co
&
Burns
5%
70
2.15
2.25
i
-——.——
39
Preferred
37%
:::r
common
Preferred
8%
High
18
Pulp & Paper-
Columbia
British
Brown
Range since January 1
Low
8 %
"A"———
Beath & Son class
'
High
8%
Transport
Quebec Power
High
Low
Range since January 1
Low
Regent Knitting Mills common.
Sales
Last
Shares
qf Prices
.
Par
Provincial
Funds
Canadian
Sales
for Week
Range
Sale Price
1
Hargreaves
■
—
2.95
Sep
4.35
1.95
Aug
July
Volume
THE COMMERCIAL &
Number 4323
160
1559
FINANCIAL CHRONICLE
OVER-THE-COUNTER MARKETS
for Friday Oct. 6
Quotations
.
For
B-l
series
—a.
Series
B-2
Shares-—-1
3.75
4.15
Series
Foreign Investing,10c
American
14.23
15.44
Scries
B-4—
Series
Bankers Nat Investing—
5
—™__——1
Shares-—-—-10
Bond Inv Tr of America—.
Boston Fund Inc—————5
Broad Street Invest Co Inc,-—5
Bullock Fund Ltd—
1
A Common
S-3—
Series
S-4
106.79
Fund-,-——.
6.31
19.66
Loomis Sayles Mut Fund—,*
96.73
Loomis
41.06
1?.61
Manhattan
3.30
-3.90
—•
28.83
31.00
Mass
Investors
Trust
—1
9.87
10.63
Mass
Investors
2d
;
Knickerbocker
Fund-*.—10
Sayles Sec
Bond Fund Inc—
2,650
139
144
—.—.—.1
8.19
8.85
7.06
7.76
Bond
2.32
Industrial
.-25c
stock
priced stock common-
Preferred stock
New
1.31
6.55
series,™
series
England Fund
.1
22.27
23.92
Aviation
13.79
14.79
Bank
391/4
40'A
19.64
21.15
•
Inc—
Fund
Fidelity
1.87
Financial Industrial Fund, Inc,
Mutual Trust Fund—,—8
,
23.34
25.58
5.74
Railroad
General"Capital
34.86
37.48
5.62
6.05
•
1
-.
Trust-
12 VB
Merchant Fire Assur™,—:
5
15%
Merch
N Y_.
.,4
55%
Monarch
Fire
Ins
—1—
3.56
4.03
American
16
17%
National
Casualty
(Detroit)
8.25
American
6.02
14.32
Automobile
._io
Baltimore American_,™___:._2%
Bankers & Shippers
25
7.72
City of New York
10.05
8.44
9.16
9.49
6.24
Trust
Amer
Aviation
7.49
7.78
8.55
5.73
Food shares——
General bond shares
Merchandise shares--
shares
Railroad
stock
6.21
(State Street Investment Corp,-,
44.00
.
7.49
'Super Corp
A Series
D_™,
Trustee Stand
1:
-
-
Bond
Fund
series
44%
4iy2
A—-
3%S—,1964
Gas
4s
6.37
77c.
'
1.14
1.03
ABlair
&
1
13.26
13.05
AFlrst
Boston
—.—I
.,,1969
,
8.22
8.99
7.22
Conn
1974
Light & Power 3s
Empire District Elec. 3%s,,1969
Florida Power 3%S™,
1974
7 89
21.29
3%s,1974
Florida Power & Light
103%
103%,
101%
I02ya
101%
Bank of New York
17.19
18.88
—-™1
31/4
U S Guarantee
^
35%
Brooklyn Trust
54%
National
Chase
Trust
Corn
Bank
Kings County Trust™,
40
42 ;
Lawyers Trust
52
Manufactures Trust Co
National
First
77%
Orleans
Pow & Lt 3s—1974
Public Service
Bank
.
com__20
Morgan (J P)
National City
108Va
.
1974
3%s
102%
101
101%
Natural
Gas
(Indiana)—
Public Service
—,1973
3V48 series E
Bid
185
200
,
1972
4%s
.50%
51
250
38
1946,.
1946...
100.8
100.9
99.31
%
1
—
100.4
100
100.5
100.27
100.28
1%%
100.11
100.12
tSept.
iy2%
100.27
100.28
.,1%%
100.18
100.19
15,
tSept., 15,
-
1947.
1948.
,,,1988
93
H V2
Oct. 1,
81%
53%
:
Bid
8%s
mtge
4¥2s———2014
Akroil
Feb
June
1994
;
104
105
15, 1948
1944
Gen
income
4%s
—2019
71
income
4%s B™_™_2019
58
1st 4S
1994
income
Conv
Denver
&
Income
4%s_,
1st
Gen
Paul
income
mtge
&
3s
.0728
3s
0.75%
1,
101.22
Ask
101.30
102
103.10
103.12
104.9
1956-1946—
May 1, 1956-1946
104.12
Issues
3s
1946
103%
103%
U S Conversion 3s
1947
105%
105%
1961
133%
134%
U 8 Conversion
101.20
Bid
Bonds—
—
Canal 3s
76
15%
16%
—
38%
39%
October 13,
16%
I71/2
October 26,
—
22,.
preferred
2019
65
66
Denver
2018
57%
58%
Minn St
1993
83
84
Rio
&
Grande
100
com,—
—
Rates
quoted are for discount
Bid
43%
19
20
44
HM
1944,—
b0.37
0.28%
November 30,
b0.37
0.30%
December 7,
1944
2, 1944.
b0.37
0.32%
December 14,
1944
1944_—
1944
b0.37
0.32%
December 21,
1944—i,
Ask
bO.37
0.33%
b0,37'
0.33%
bO.37
0.34%
b0.375
0.34%
bO.375
0.35%
b0.375
0.35%
b0.375
0.35%
45
15
24,
November
1944,,,
1944
November
44%
at purchase
Ask
Treasury bills—
October 19,
14
—
Bills
United States Treasury
37%
74
*
Preferred
102%
.0753
.0533
1955-1945
3s Jan.
b0.90
—
-
Youngstown—
1—:<
Preferred
Rio
November
1944_
9,
November 16,
b0.37
1944.
—
0.32%
December 28, 1944—
b0.37
;
0.33%
January
4,
1945—
Grande—
4%s
—
1st 3-4s income
Minn St
101%
.0764
.0575
106
35%
5 %
.0671
.0602
-•
Chicago Rock Island & Pacific—
Common
—•
Chicago Rock Island & Pacific—•
.0810
.0542
Ask
Common
60
A
Canton
preferred
Chicago Milw St Paul & Pacific
73
Gen
.0642
.0698
Ask
100.5
Bank Bonds—
1955-1945
5 %
■
.0745
.0545
—
Federal Land Bank
100.3
Loan Bank—
15,
—
Common
55%,
Chicago Milw St Paul & Pacific
11st 4.s
105
•1,
83%
.0666
Pacific—
Stocks
*,,_—,,2003
Ask
.0656
.0667
Obligations Of Governmental Agencies
:
Federal Land
99
Indianapolis & Louisville—
<
.0573
102%
issued)
Inc
Bid
.0598
1945
1,
1945
Other
Bid
95%
97
„™_,__„_1983
1()7
Dollar Price 10Q Plus
Certificates of Indebtedness—
t%S Dec. 1, 1944™
t%s Feb. 1, 1945™
—
tO.90s Mar. 1, 1945™.
t%S Apr. 1, 1945—,:
t%s May 1, 1945,,
t%S June 1 1945—
—
t7/ss Aug. l, 1945,.
—
t%s Sept.
100 1,415 -1,460
United States Trust
& Youngstown—
4%s
107
32ds of a point
Maturity—
Ask
10O.8
lVa%
15,
47
10%
Western
4%s series B—_»™,™_,,1988
2nd
106%
53
260
40
98%
Ask
Bid
1st 4s
—.,1958
4¥48,:
Corp.
Panama
'.
112%
104
108 Va
York
West Penn Power
53%
44%
(When, as and if
Chic
3%s_'„1970
104%
tMar 15 1947—
__
Reorganization Rails
A™_,_
106%
108%
3J/2s,,1968
3s_„,—.1974
Diego Gas & El
San
Southern Colo Power
100.6
1.945,.
tDec
Ask
■
,12
Trust
York
Title Guarantee & Trust.
1,730
tDec. 15,
tMar 15.
0.85s
series
106
108
Puget Sound Pow & Lt—
105%
1%%
—
tl%%
4s
102%
101%
%%
1945,.
Federal Home
Akron Canton
104
2%s—,1961
Panhandle Eastern Pipe Line—
2%s debs,.
—1953
Commodity Credit Corp—
Bonds—
103%
3s,,,——1974
Edison
Okla
102 ¥2
101%
Bid
Int. Bate
1945,.
tMar 15,
—25
New
v 28%
__50
"106%
106
Ohio
107%
101%
105%
—
109%;
102'%
100%
104
Mar 15,
Public Nat*l Bank & Trust-,17%
81%
i—,. 26%
100 L690
™p
.
52%
50%
Exchange Bank & Trust_20
Empire; Trust ™~
Fiduciary Trust
23 Vb
.
preferred,_,™__20
& Co Inc_.
100
Bank,—12¥2
Conv
50
21%
Trust,__10
&
Ask
Bid
New Jersey
New
Quotations For U. S. Treasury Notes
100 328
336
10
15
16
,—100 1,590 1 1,645
25
38 %
41 %
Irving Trust
115
107%
47%
™_™,™—____J.,20
Co
100
National
Guaranty Trust
Commercial National Bank &
Continental
——.100
—*
49%
-
,,,10
Chemical Bank & Trust,
,
103%
_™_15
Bank
.
Grace
Trust
Fulton
4.45
56%
110
.—100
33%
102%
103
108%
1051-4
37%
Par
25%
4.33
Central Hanover Bank & Trust 20
74%
30%,
,„™„2.5Q
Westchester Fire
3%
Corp,,—„—10
Co,.—
Ask
Bid
24%
_,™,10
Bankers Trust
49%
—,10
69 %
105%
106%
100%
105%
,,1959
Kansas City Term Ry 2%s_1974
Miss Power & Light 3 y8s„1974
;
Greyhound Corp 3s™_
City Banks & Trust Cos.
100
43%
106%
'
102%.
—1979
4»/sS
17.50
Maturity—
.
39
—4
Figures after decimal point represent one or more
Par
544
37
Corporations
13.61
Co._,10
60 %
57%
Investment Banking
28.24
..
120%
1.00
12.48
Bank of the Manhattan
35%
121"
529
—
& El—
Chicago Union Station 2%s_19G3
25,95
23.25
1.90
25.98
New York
47%
45%
Ask
•
103 %.
86C
25.17
21.27
19.48
Fund
& Pwr Shares A——
U S El Lt
' Bid
V
104%
—,—
Wellington Fund
90c
Investors Fund C
102%
105%
1
C,,_,™_
of America—10
Co
^
98%
—_—1973
12.68
11.57
Insurance Group shares——
U S Fire—,
10
3s
,™__™_™/
Stock and Bond Group sharesInvestment
27%
Brooklyn Union Gas 3%s—1969
2.60
Bank Group shares
251/2
5.85
,,^_™_1.,
Union Preferred Stock
2.30
-
29%
;
Light 3s-.——1963
Birmingham Electric 3s,—1974
Union Common Stock Fund B™,
1.62
24.61
Group shares-
81%,
27%
8%
24%
Fire
Armour & Co
Oil Shares—
ASeries A—
Series-
1.48
Aviation
77
5
Springfield Fire & Marine—25
Standard Accident,,—,
,10
Travelers
—100
U S.Fidelity & Guaranty Co™2
7%
23 V*
Blackstone Valley Gas
Union
22.39
Independence Trust Shares
•
Institutional Securities Ltd—
33%
2.31
Trusteed Industry Shares_„_25c
40c
28c
.
Security New Haven,;—,,—10
2.43
4.83
.-10c
—-
—
45%
;
Resent Rend Issues
2.46
,1
5.24
4.38
4.76
Fund Inc
Foundation
new,12y?
—10
69 %
Seaboard Surety—
1
.
ASeries B,—™__.
Incorporated Investors———5
Common
72%
(Paul)
Revere
St Paul Fire & Marine
io
American
Atlanta
C
ASeries
Series1
Income
Fire—10
23%
I9V2
1
::
4.06
"4.93
Holding Corp——1
29%
21%
51
:
8
■-
Trustee Stand Invest Shs—
6.31
4.47
A Huron
AA,™
of Amer
5.58
4.78
shares———
6%
27%
Republic
25%
Hartford Steamboiler Inspect.,10
47.00
4.88
shares—.
Corp (NY)——2
(Texas),,——.—10
Reinsurance
.
6.80
6.64
4.34
Utility
37%
4%
17%
com,
11.23
Sovereign Investors,™*——_.l
7.06
4.43
Tobacco
34%
96.39
5.73.
\
14%
;,_10
48
42%
4.25
5 07
%.
Preferred Accident,———5
Providence-Washington
3.85
10.29
shares——
Steel shares—
85%
13%
,__101
23%
8
Hanover
7.68
94.49
Shares—
3.68
—,—-
7.05
3.50
•
—
Income
Equipment shares-
Rft
10c
Amer Shares,:
Selected
.
.
6.81
shares—.—— *
Railroad
15.42
50%
81%
.—...
5
Corp^
Marine_™„10
Rutgers Fire Ins,
2nd preferred
,1
Fund, Inc
Selected
10.32
6.03
Mining shares—;—.a—-——-
&
Globe & Republic
14.34
47%
——10
Phoenix
52%
6
Fire
Globe &
—2I/a
8.91
6.42
**
__5
Glens Falls Fire
1
9.84
Price Shares——_—.<
48%
6%
Scudder. Stevens & Clark
Investing
Petroleum
Inc Shares,™
7.65
Institutional bond shares,-—
—.
Indemnify Co™
Fire
Hartford
Quarterly
Newark—
General Reinsurance
Great
99%
Pacific
59
Franklin
59c
87
94%
33%
30%
7.05
2.45
82%
,25
Fire.™
13 %
54c
,—12.50
Pacific
.
93%
1
—
7.91
6.96
Low
Series 1958
Plymouth Fund Inc—__l0c
Putnam (Geo) Fund—
1
6%
Northern
12 Va
2.78
24%
—5
26%
89%
2.89
22%
44%
Firemen's
;
14%
,2.50
River
42%
Fireman's Fd of San Fran„__10
36%
12%
—
24% '
6.19
of
5
Fire
10
8.60
1
Republic Invest Fund,
Industrial Machinery shares-
—-—
Northeastern
62
Gibraltar
A
5.64
8.11
.
North
53%
153
™™„l
10.67
7.19
shares-
Administered
Fully
55%
18
58
2.18
9.71
—
47%
20
York
147
1953™—,
5.12
Electrical Equipment
30
45%
New
Fire Assn of Phila,™,—„__10
6.31
Building shares™
Chemical shares—
27%
New
New
23
Fidelity & Deposit of Md_,__20
shares
Series 1956
6.87
6.81
28
5.62
North Amer Bond Trust ctfs
7.85.
shares———
shares—
shares-—:——
175
26
610
_10
7%
6%
—,2
165
7.24
,
59%
20
7.82
;
56%
Casualty,
2
Brunswick
—*,*,,,10
Hampshire Fire,™,—— 10
10.54
equipment™,
30
Amsterdam
New
™„._™10
5%
27%
National Union Fire
_5
Federal .2-2.
6%
5%
4%
-
10
National Liberty™™,
84
_io
Employees Group™
Employers Reinsurance
9.19
10.77
National Fire
7%
79
Connecticut General Life.—™ 10
8:?4
——10
60
■
21%
11.33
'
Fire
39%
6%
™,™8
Continental Casualty
Crum & Forster Inc
Mfrs
36 V4'
585
™_100
Fire—™,;
&
57%
25
—
Camden
.
Automobile
Agricultural
Surety—
9.87
Steel
7.14
10
6.58
Series 1955,™,—
v
Reserve
9.59
Series
Group Securities—
Boston
12.04
_
■
North
48%
5
6.40
Oils
4.61
Corp
General Investors
45%
1414
52!%
8.36
-
i
Railroad
4.98
71
Casualty_5
8.63
stock—
Metals
"i.45
9
67%
Knickerbocker
American of Newark™™„__2ya
Re-Insurance
™_10
Machinery
3.85
Casualty
1
Bonding—,12 Va
8%
Massachusetts
American
9.80
equipment
Insurance
10.32
7%
Maryland
19%
5.25
7.67
10
5
12%
7.49
8.33
Foundation Trust Shares A—1
Fundamental Invest Inc
—2
Fundamental Trust Shares A—2
Fixed Trust Shares A
23%
10.31
___——
'stock™,*.™™™.—™™_-
Electrical
6.25
21%
7.11
Building supply—,,,
2.05
5.60
First
39 %
6.40
Chemical
pfd——1
Equity Corp $3 conv
36%
Y
4.74
10.96
™™,
—
Automobile
—1
1
,_20
71
11%
17%
10%
7.01
Agriculture
Jersey Insurance of N
39
Alliance_____™____io
American Equitable
American Fidelity &
Stocks Inc—
New York
1.44
.
&
Insur Co of North America—,10
74%'
10
25
Life™
13.29
,
priced bond series
Low
20.00
15%
40%
88%
7.46
—
series—__
Low
18.50
i3%
85%
—
5.47
series—,
Income
2.82
10
Fire,
Homestead
53
American Casualty
—
29%
27%
5
—
50%
^_«__io
Agricultural
American
RH
P»r
Home
141%
133%'.,
10
6.80
series—
2.82
4,94
—™——Z—7-T—aTso
Fund——™™
Aetna
National Security Series—
Stock
HowardBalanced Fund——
Aetna Casual & Surety
Aetna —
,-
Comjtanies
Ask
Bia
Par
3.92
National Investors Corp—,s.,,1
5.75
Stock
.,10
Inc,
2.32
1
—
12.60
"l'A9
3.85
D
11.53
1.35
Diversified Trustee Shares-—
Eaton
11.96
voting shares—,250
.
Dividend Shares
11.12
2.53
Cumulative Trust Shares——
Fund———
Fund——1
Insurance
5.28
23.96
shares
series B
(Colo)
(Md)
46
44
—-1;
ACO mod——
4.80
22.28
Securities—
Nation-Wide
5.49
5.05
10c
Fund
Invest
9.89
8.99
—,.10c
—1
Maryland Fund Inc—
Mutual
100 2,550
Securities com,
Accumulative series———1
Series AA mod
1
1
Delaware
Bell Teletype NY 1-953
DIgby 4-4950
41.90
16.06
Exchange Place, New York 5, N. Y.
40
Tel:
98.70
32.91
Members New York Curb Exchange
6.91
18.28
—100
Commonwealth Invest
1
Consol Investment Trust1
Corporate Trust Shares——,1
Series AA___
—:
1
Series
5.41
Fund Ltd— —-1
Inv
Preferred
11,70
4.87
30.44
Century Shares TrustChemical Fund——
Christiana
14.75
102.52
Common
Canadian
19.35
27.28
10.61
-
————
& Co.
Members New York Stock Exchange
24.48
13.42
S-2—
,
Series.
■
■
3.73
Industry
17.64
23.26
-
—
;:;.^vv;5HASKAN
10.41
24.82
K-l
K-2—,—,
Series S-l_.
Basic
—
Series
16.16
15.03
,
20.26
9.47
—
29.10
18.46
__
Series
6%.
6 %
2
Oil Shares,;.
Stand
Axe-Houghton Fund Inc,,™---1
29.74
26.50
B-3
American Business
Assoc
.
Real Estate Bonds
on
Keystone Custodian Funds—
30 %
29
Holding Corp™.—10
AAmerex
Quotations
Ask
28.39
7.80
3.95.
,!¥«
Affiliated Fund Inc
4.32
7.18
Aeronautical Securities——!
Bid
Par
Ask
Bid
Par
■;
& Saulte Ste
1971
4s
1991
Free
v
t
c—
Optional v t c™_.—,—
M—
4y2s__
I,
Paul & Sault Ste M—
106%
75 %
107%
76%
Western
Pacific
Preferred
common,—,,
1%
2
*No par
k Removed
value.
to
Ex-dividend,
Stock
A Odd lot sales,
Exchange,
Ex-rights,
r
tin default.'
33
34
x
68%
69%
tlons not furnished by sponsor or
y
b Yield price,
d Deferred delivery,
Canadian market,
issuer*
s
JThese bonds are
e
Ex-interest,
f Flat price,
included in^range for veai.
subject to all Federal taxes. AQuota *
Cash sale—not
1560
THE COMMERCIAL &
THE COURSE OF BANK
FINANCIAL CHRONICLE
Monday, October 9, 1944
CLEARINGS
Week
1944
clearings this week will show an increase compared with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, Oct. 7, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 17 2% above those for the corresponding week last year. Our preliminary total
Bank
$10,112,224,040, against $8,629,452,574 for the same week
there is an increase for the week ended Friday of 33.2%.
stands at
center
for the week follows:
summary
City-.—..
Kansas
J
•'
216,130,904
177,957,348
162,043,352
+
7,479,000
4,463,000
83,037,714
66,753,667
—24.0
2,349,315
2,001,517
116,909,537
of
——————:
days.—_u———
Other cities, five
Total all cities, five
days—:—J-*———:
All cities, one day
———
Federal
9,609,636
118,248,323
$5,600,496,078
1,476,798,700
$7,077,294,778
+
6.5
15.0
—
Federal
Mobile.
9.8
lkt Boston
1,552,157,796
$8,629,452,574
3d
Philadelphia
4th Cleveland
....—
5th Richmond
—
—
—
9th
7
■
—
638.564,444
649,176,383
a
6
—
Louis...
—
Minneapolis
...
4
—
City—
.I.
Total-
a'--
10
Francisco—:
12th San
232,104,034
279,918,629
142,732,432
520,068,879
•
541,631,735
10,529,345,224
......
10,031,548,084
4,579,319,157
..110 cities
Outside New York City.
'304,911,657
1.40,088,184
a
6
„
—
—
274,037,158
9
-
—
390,793,245
621,189,969
200 651,452
a
10th Kansas
11th Dallas
—
295,934,003
-
a
7
..
■
add
now
hri".
-o;
4,812,014,112
V'-;-'
Federal
First
Week
—
South
3.8
1.6
.
7.6
$
476,917,533
-
2.9
169,999.130
239,698,978
115,707,109
438,541,590
5.0
8,660,674,302
4.8
4,125,788,372
7,550,646,846
3,667,708.172
City
—
Sept.
1,704,102
1942
$
Inc. or
Dec. %
;v
950,075
1,105,879
—14.1
4,331,495
-
474,550
417,113
—
557.448
—12.1
3,026,093
3,146,891
3,274,428
14,365,712
•17,193,964
'
Haven—
—
»
—21.8
6,725,210
—15.4
—15.2
445,628,073—15,0
426,624,877
(17 cities)
378,698,615
2.2
513,570
512.509
+ "1.6
438,275,078
415,060,888
0.5
1,660,014
1,389,863
—
+
5.6
4.600,402
4,755,787
2,165,847
2,226,806
...
1,779,221
-—12.7
2,265,592
1,877,905
620,098,338
621,189,969
558,302,368
521,687,808
152,700,000
126,000,000
—
171,500,000
—
0.2 ;
—
69,655,433
60,754,276
■
;
170.700,000
62,856,878
:
63,512,224
Illinois—Quincy.
-
(4 cities).—
Federal
0.5
•
9.8
57,016,889
51,255,934
4.3
63,856,032
63,403,800
1,044,000
-21.2
856,000
752,000
304,911,657
822,849
Total
2.9
274,428,921
241,411,734
.
295,934,003
Reserve
-
-
District—Minneapolis-
Minneapolis.—.
4,722,983
.....
—
...
Paul—.,
4,120,189
4,473,060
3.675.818
142,991,545
167,079,657
—14.4
115,222,197
101,101,033
41,981,147
Minnesota—Duluth—
49,252,356
—14.8
40,699,315
39,081,937
0.6
2,181,417
+
14.6.
3,056,563
+
1,492,786
1,464,695
4-1.9
2,540,178
1,161,954
1,912,039
1,784,722
+
7.1
1,319,465
1.181.819
4,477,494
5.345,852
—16.2
4,562,961
4,233,144
200,651,452
North Dakota—Fargo
South Dakota—Aberdeen
232,104,034
—13.5
169,999,130
153,754,605
3,073,458
•"
......
'Montana—Billings.—...
Helena
Total
(7 cities)
Tenth Federal
Reserve District—Kansas
1,299,437
City-
+17.2
195,110
4,131,501
3,694,061
3,081,682
72,497,821
56,369,055
41,347,105
252,117
———;
4,780,270
—18.1
—13.2
—52.2
6,600,747
5,564,540
+ 18.6
191,000,000
....
Omaha
185,484,137
15,748,952
5,979,210
...
City
St. Joseph...___„J
Total
-
+
—
2,022,149
•/:
3.9
4,172,171
134,595,524
3,812,830
166,573,407.
4,061,738
+152.9
+-1.7
•
592,254
899,175
1,107,728
279,918,629
274,037,158
2,231,570
5,081,476
3.0
366,800
927,458
914,320
cities)
(9
;
2,286,246
Kansas—Topeka.
!
123,352
215,175
3,381,396
62,925,922
Nebraska—Fremont
Eleventh
Federal
—
2.1
470,929
754,052
190,589,215
239,698,978
District—Dallas—
Reserve
Texas—Austin!———+
York—Albany
Binghamton
.
.
15,458,633
"1,600,000
1,808,288
58.700,000
62,982,906
987,293
1,178,839
906,931
1,106,732
5,950,026,067
————
*
Elmira
Jamestown
v.
;
—„
.„
—
6,606,520
—61.9
7,865,819
—11.5
1,985,287
1,445,557
6.8
56,100,000
51,400,000
—16.2
1,413,153
—18.1
919,519
Total
,
,
.-
—
'
-
.
■:>
4,534,865,930
New Jersey,.——
cities)...
12.007,973
.11,443,930
Federal
Reserve
6,731,559
—21.9
7,439,804
6,908.144
.
7,118.422
338,072
•
30,058,077
44,253,580
480,802
—
2.9
'
455,251
31,160,553
4,280,975
142,732,432
1.9
115,707,109
99.545,468
102,278,051
—10,3
80,719,456
v
41,131,616
5,410,684,744.
25,817,821
539,446
.
3,351,413
Lake
1.0
—10.1
72,875.965
35,010,122
—29.7
60,146,927
2,248,597
74,531,780
City
,3,320,012
82,895,420
24,610,928
...
+
1,830,163
54,528,340
+
27,340,256
22,733,397
'
•
San
6,710,562
—
Francisco——
10,568,611
—36.5
3,540,279
301,518,000
San Jose.—..
4,022,277
—12.0
2,531,555
291,726,023
3.4
241,408,000
5,936,509
7,470,456
:
1,572,512
Stockton...—.
1,685,239
5,062,705
.....1
Santa Barbara
Ki,
407,307
3.5
—
25,060,664
7.6
36,230,336
39,550,397
+ 13.0
4,689,772,937
4,035,314,580
4,189,471
+.'
5,734,938
4,951,256
3,514,722,
204,266,000
5,687,169
+ 25.8
4,317,068
6.7
1,067,201
1,505,587
+ 20.9
3,928,453
3,169,228
—
Total
r-rn-d
(lp cities)
Total
(110
New
520,068,879
^
York
cities)——;
—
10,529,345,224
541,631,735
+
10,031,548,084
—
4.0
5.0
— 4.8
.+
'
360,962,688
438,541,590
8,660,674:302
"7,550,646,846
3,667,708,172
606,655
+
—
—
;
_
640,169
—24.9 ■*
400,135
670,256
—25.0
677.171
700,889
951,048
—26.3
655,076
Outside
4,579,319,157
4,812,014,112
4,125,788,372
"Estimated.
619,224
2,328,251
4.9
2,255,972
2,099,346
654,000,000
678,000,000
3.5
574,000,000
575,000,000
2,273,56.9
Lancaster
1,851,750
+ 22.8
1,761,328
1,603,707
2,534,160
—
—
779,320
^
Wilkes-Barre—
—_
_1
Jersey—Trenton
2,679,948
—
5.4
2,328,090
2,725,309
1,122,804
—
1,368,283
4,624,269
91,700,244
...
Pasadena
6,624,917
6,523,330
i-^-25.7
2,214,467
——
York
,1,060,831
2.4
5,692,300
496,129
Bethlehem.;
—.
2,747,000
13.7
District—Philadelphia-
Pennsylvania—Altoona.
Chester..
2,726,000
+
+
District—San Francisco-
California—Long Beach.—j.
12,094,220
6,115,467,663
Reserve
—25.6
1,429,926
5,590,545
140,088,184
(6 cities).—
Utah—Salt
3,882,938,674
I,
'
4,085,000
1,233,984
...
Oregon—Portland
1,295,017
+ 15.7
—12.0
~
Jersey—Montclair...
10,697,462
5,724,576
Wichita Falls
807,570
—
5,229,533,972
Syracuse
Connecticut—Stamford—.
78,236,678
12,500,000
+
651,5811
5,258,142
Rochester...-.
+
2,215.070
92,779,130
"15,000,000
3,041,000
Galveston—
Louisiana—Shreveport.;
6,328.120
10,552,566
—,
—
—
2,016,879
0.9
313,666,000
-13,019,523
......
Yakima...
5,884,851
.
Buffalo
20.8
—13.3
—
114,724,000
I
Fort Worth
V
2,960,961
2,345,101
—.
; Dallas.^
Reserve District- ■New York—
New
1,977,976
—43.2
1,458,599
1,488,252
1,725,113
2,153,422
—19.9
1,906,558
1,925,274
4.837,400
5,619,200
—13.9
3,088,000
4,943,800
670,385,333
696,670,972
3.8
588,530,929
I
——
—
•
591,790,887
-Cincinnati..
'J... 11212
.Cleveland
...1IHI
.Columbus
.—III— II
Mansfield,..
.III
~~"
Youngstown.—
IIIIII—
Pennsylvania—Pittsburgh—I~"~I"
(7 cities).
Note—Canadian
of Dec.
31, 1943.
Bank Clearing were discontinued
Bankers
Association
returns be
+ 10.4
3,299,281
3,241,021
1.2
95,588,312
83,986,779
9.8
200,221,973
170,486,585
—12.9
12,131,400
13,752,100
2,236,651
2,399,272
3,625,045
4,479,571
4,209,273
3,813,243
100,982,928
102,193,828
223,307.938
247.683,579
15,507,100
17,794,300
2.554,955
1,957,882
+ 30.5
4,209,433
4,054,962
•+.' 3.8
287,792,817
271,678,589
638,564,444
649,176,383
—
—
+
5]<X
244,734,376
198,572,205
1.6
561,837,038
476,917,533
not
as
As noted in our issue of Jan, 17, 1944, page
250, at the last Annual General Meeting
direction
discontinued
on
was
of the Canadian
given
that
clearings
Dec. 31, 1943, in view of the fact
that it had been obvious for some time
.Fourth Federal Reserve District—ClevelandOhio—Canton....
Total
5,545,153
,
—23,1
Tennessee—Memphis
Twelfth
cities)
(10 cities)
6,085,594
5,848,160
380,842,173
'
Hampshire—Manchester
.Total
1,631,465
14,993;529
15,763,616
2,038,087
Washington—Seattle—..
New
■
—18.1
15,300,600
768,004
17,428,400
739,612
——
Island—Providence.——:
Scranton...
1.5
—
14,342,626
—28.0
7,372,787
18,702,800
651,090
„
19,955,019
5,761,993
15,829,400
Connecticut—Hartford—
,,
1.752,406
2,486,396
Kentucky—Louisville—
614,861
...
3,459,962
Reading
26,114,901
Eighth Federal Reserve District—St, Louis—
885,730
1,088,432.
3.8
^Philadelphia
7,149,057
30.953,108
9,4
—
V
3,145,107
9,133,590
5.9
4,400.000
328,836,952
Worcester.—
i
5.1,
+
—
1,910,999
Missouri—St, Louis
1,063,122
Federal
2,643,180
26,631,000
3,285,125
$
4,077,673
Third
3,086,541
28,810,000
5,516,592
Total
1,066,480
981.447
+ 37.2
1,133,308
(12
1,696,520
8.1
....
Springfield————.—
1941
4,321,810
'Total
512,787
489,973,183
2,769,019
—16.7
7,799,581
497,996,250
Peoria
30
—22.6
Northern
17,316,067
481,102
4,740,537
3,447,826
63.1
—14.7
7,654,065
2,107,605
494,847
6,009,212
24.9
—
.
35,009,735
501,506
Rockford...
for the
—36.1
Newark
3,374,707
4,523,293
+
31,503,000
6,387,537
...
Wichita
1,481,970
New
3,099,732
17,053,812
.
Lincoln—I
+
6,472,519
„
York
268,543,431
0.4
+
—
3,215,757
8,043,370
Decatur..
360,962,688
6,241,432
New
'
310,145,620
..
99.545,468
4.0
—
1,146,322
•
300,489
5,830,537
32,933,038
—...
Chicago..
190,589,215
1.9
366,522,765
—„„——
Second Federal
3,166,765
153.754,605
2.1
—
6.0
—„v—
(12
1.9
+
241,411,734
—14.0
Bedford
'Total
390,793,245
Illinois—Bloomington—I
521,687,808
274,428.921
381,216,293
Lowell..
New
65,403,354
1,910,010
Haute.—
Sioux
268,543,431
558,302.368
tApringfield——3,987,675
New
70,309,995
3.769.332
Moines—.hi_:—.
Des
229,286,724
591,790,887
———4,072,352
327,350,814
—
River
Rhode
291,130
3.5
27,179,000
...
Iowa—Cedar Rapids
380,842,173
830,953
—
Massachusetts—Boston—
New
282,879
•
...
Bend—
Terre
4,035,314,580
310,145.620
1.9
0.2
426,624,877
1,139,976
Maine—Bangor.
Fall
4,219,405
District—Boston—
Reserve
Portland
37,660,428
+
44,882,640
490,100
Wisconsin—Milwaukee--...^-,.
St.
—13.5
—
Ended
1943
1944
®
Clearings at—
+
1.6
Colorado—Colorado Springs.....
Pueblo__._._._.„
'ij-,v'
■'.
V-'"0-.:11''""'.
•
22,932,000
7.3
...
Indianapolis
S
for four years:
week ended Sept. 30,
1,777,724
30,192,570
4,255,814
5,808,888
4,014,847
Ninth
1941
detailed statement showing the figures for each city,
our
1,868,777
"2,000,000
5.2
+
District—Chicago-
Missouri—Kansas
We
2,327,966
—35.3
+ 18.9
Rapids
Lansing
4.689,772,937
588,530,929
561,837,038
•
+ 13.0
—
383,261,632
a
1.6
—
2,682,497
39.059,534
297,118
87,070,816
Grand
+17.2
287,084,805
—15.0
620.098,338
a
17
316,106,234
292,089,523
i*
10
—
7th Chicago
8th St.
696,670,972
"
——
6th Atlanta
445.628,073
5,410,684,744
it
98,000,000
52,882,193
...
Seventh Federal Reserve
S
Dec.
$
670,385,333
10
__
5,945,615
31,497,638
8.6
1942
Inc. or
1943
378.698,615
■«
12
—
6,063,290
33,866,875
116,000,000
0.1
+ 19.1
+
Orleans—
(10 cities)
+ 24.1
+
OF BANK CLEARINGS
6,115,467,663
cities
12
„
———
New
—
v:+".-; I'
$
York—
2d
7.7
5.4
—
353,287
90,149,563
/
Michigan—Ann Arbor—
1944
Districts
229,286,724
53,729,959
4,567,251
v:.'1
Louisiana—New
furnish a summary by Federal Reserve Districts:
Oct. 7
38,131,353
287,084,805
9,8
—
38,539,087
153,200,000
2,403,165
...
...
Mississippi—Vicksburg
-
Reserve
38,760,252
383,261,632
Alabama—Birmingham....—
3.1
of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
we are able to give the final and complete results for the week previous—the week
ended Sept. 30. For that week there was an increase of 5.0%, the aggregate of clear¬
ings for the whole country having amounted to $10,529,345,224, against $10,091,548,084
in the same week in 1943. Outside of this city there was a loss of 4.8%, the bank
clearings at this center having recorded an increase of 15.7%.
We group the cities
according to the Federal Reserve Districts in which they are located and from this
it appears that in the New York District (including this city) the totals show a gain
of 13.0% but in the Boston Reserve District the totals show a loss of 15.0% and in
the Philadelphia Reserve District of 3.8%.
In the Cleveland Reserve District the
totals are smaller by 1.6%, in the Richmond Reserve District by - 7.6% and in the.
Atlanta Reserve District by 1.9%.
In the Chicagp Reserve District the totals record
a!decline of 0.2%, in the St. Louis Reserve District of 2.9% and in the Minneapolis
Reserve District of 13.5%.
In the Kansas City Reserve District the falling off is
2:1%, in the Dallas Reserve District 1.9% and in the San Francisco Reserve Dis¬
Week Ending
154,430,878
7.6
—
10,403,021
34,775,001
144,900,000
2,363,563
1,735,765
...
Florida—Jacksonville——41,0/7,607
Accordingly, in the above the last day
SUMMARY
316,106,234
1.5
8.5
+
—
District—Atlanta—
Reserve
Indiana—Fort Wayne
In the following we
292,089,523
............
Augusta
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
trict 4.0%.
42,090,607
Macon.
+
131,500,000
-..-$10,112,224,040
week-,-,—.
Total all cities for
148,631,890
38,517,082
:
Columbia—Washington..
(6 cities)—
Total
five days—
Ten cities,
150,895,668
—
+ 10.1
$8,426,853,367
1,685,370,673
Baltimore——-—-
226,442,000
$6,948,555,307
>
—■-
—
4.4
130,185,580
,
Cleveland
4.8
2,558,610
Nashville
1.3
+
209,409,981
.
——I:—
Pittsburgh-.
+
157,806,772
.1,478,293,060
St. Louis
San Francisco—,—.
1,027,650
—18.8
Total
+ 14.8
488,000,000
283,688,655
259,412,000
•
.
$
1,027,696
6,030,000
Georgia—Atlanta-...—
560,000,000
-
1,1
—
115,570,281
District
+ 14.8
164,737,226
140,100,000
————
—.
1941
$
5,737,000
Maryland—Baitimore
33.2
287,447,824
Philadelphia
1,224,846
;
;
Tennessee—Knoxville
397,145,122
1942
%
+
$3,470,793,609
345,842,463
$4,622,160,226
New York
30
"
1943
;
Sept.
Inc.or
Dec. %
S
93,783,588
Carolina—Charleston...1,944,737
Richmond—
Sixth
1P44
Oct. 7
1,211,448
...
Virginia—Norfolk.
Clearings—Returns by Telegraph
Week Ending
Virginia—Huntington
South
in 1943. At this
Our comparative
;
.
,
West
„
Reserve District—Richmond—
Federal
Fifth
Ended
1943
S
that the figures did
correctly reflect business activity, for the reason that
intra-bank items do not pass
through the clearing houses.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
160
and
company
Central
Maine
Co.—
Power
1st
mortgage 3V2%
due
due
bonds, series B,
1st
& CO.,
5%
^Redeemable at any
159.
tPunds available
maturity.
which
Terminals,
Central
Algoma
977
Minnesota
1st
Ontario
&
and collat.
A—
Nov
North Penn Gas Co., 1st mtge. and lien 5(4 s, due 1957_Nov
Phoenix Iron Co., 1st mortgage 6$ bonds————-Nov
Roos Bros., Inc, 6 V2 % preferred stock———_——Nov
Superior Oil Co, (Calif.), 3(4% debentures, due 1956—Nov
Sylvania Electric Products, Inc., 3(4% debs., due 1957-Nov
Warren (S, D.) Co., 1st mtge. 4(4% bonds, due 1952—Nov
Wisconsin Fuel & Light Co. 1st mtge. 5s, ser. A, due
1948
w—
ser.
Oil
All-Penn
ISSUES
CALLED
American
s>
(quar.)——.
Class A
Apollo Steel (quar.)—
Atlantic City Sewerage
1184
American-La France-Foamite
1st
(B. P.)
1080
1923
and
■Buffalo -Niagara
3 V* %
Canners, Ltd.,
conv.
Electric
Class
1
due
■;
1180
Power Co.—
7% bonds, series A, due
1077
1180
debentures,
due
Co. of Minnesota, Northern
1st
mortgage 4% bonds, due
Empire District Electric Co.—
1st
Exmoor
Alden
'
Great
Northern
1st and ref
Ry.—
Mobile
1399
1400
1
,1184
1400
1
1080
1294
-
*
*
■- *
;
*
debentures, due 1946——Dec
1
6s; due 1946—
Feb
1
Estate Corp., 5% mortgage bonds———
Nov
1
Kansas City Terminal Ry., 1st mtge. 4s, due I960—Jan 1, 1945
Kress (S. H.) & Co., special preferred stock
Dec 14
1402
327
*
*
1187
collat, trust bonds, series A,
River
due 1953_
5%
Heywood-Walcefield Co.,
Hudson
Line, -1st mtge.
Day
Jones
Louisville & Nashville
10-year collateral
due 1950——,
——
due 1950_——
trust 3(is,
Jan 1, 1945
Jan 1, 1945
1st mtge. 5% bonds, due 1945_Nov
National Bearing Metals Corp., 7% preferred stock
Nov
National Distillers Products Corp.,
10-yr. conv. 3(i%
debentures, due 1949
Corp.
Ohio
Edison
stocks
:
mortgage bonds,
Seventeen
West
4%
4%
debentures,
due
4%%
Southern
1298
20
1298
series of
1937, due 1967—Oct 301
due 1965
Nov
2
*
series of 1935,
Street
*
Corp.—
4%
-Nov
1st mtge. 5s, due 1952
;
1
Mar 1, 1945
*
Federated
——
Coach
Fifth Avenue
10-31
11- 1
Insurance
Co.
—„
(Dallas.
Texas)
(quar.)
7%.
preferred
(quar.).
—
5(4% pfd. (quar.)——
6(4% pfd. (quar.)__
Highway Safety Appliance, Class A
J—
Corp.
of America,
Higbee Company, • common—
5% preferred (quar.).————
Holyoke-Water Power Cp. (quar.).—
Horder's,
Inc. (quar.)——.———>—
Hotel Barbizon (special)
*
*
1
J2231
pfd. (quar.)—
Houston Lighting & Power, $4
6%
common
Inc.,
9-14
10-16
$2
50c
10- 2
12-15
12-15
25c.
$1.75
6834c
$1.62(4
834e
75c
$1.25
20c
25c
$5
$1
^0c
,
common
(quar.)
(quar.)
Corp.
(irregular)—
common
converible preferred
&
—.————
(quar.)
convertible B
Pollocks,
10-16
7%
$4.50
Keystone Custodian Fund Series B-2 (s-a).
Special
1
Series S-3
(s-a)—
— +
10-20
20c
$2.50
35c
10-20
10-15.
i0"1^
10-14
10-14
10-27
9-
6%
1st
10-
2
10-20
10-
;
5%
10-25
10-
9
$1
;
i
10-14
9-30
....
$1
10-
9
9-26
30c
10-
2
9-15
'
$1.50
11-
1
10-10
.
$1.75
11-
&
10-20
n-
1
10-20
$1.50
10-25,
'
10-13
1
$1.12
—
11-
,
10-10
10-23
10c
_____
1
25c
Timber.——
(accum.)..:
1
Company
9-30
$1
(quar.)
11-
.1
10-16
50c
(quar.)...
11-
1
10-16
10-12
10- 2
11-15
11-
12-
1
11-15t
$1.62 Va
11-
1
10-14.
;
Insur,
_______
5c.
(N. Y.)
5c
Power........
and 25c Stores
10c
25c
(quar.)__
...
Light
10-14.
(quar.K.
4
10-6,
10-14
10-14}
11-
25c
11-
1
10-20*
11-1
10-13;
$7c
11-
10-6
t3c
11-6
$1.75
Antonio
Gold
Mines
...
(quar.)..
$1.37 y2
(s-a)
Sherritt
5
Gordon
7%
Ltd.
Smith
Co.
Common
9-30
Stouffer
10-16
Brands
Co.
(stock
6%
7
Paner,
Sun Ray Drug
10- 7
6%
10-20
Ton'ington
9-20
Triumph
9-20
Co.,
5%%
9-14
9-26
10-
class
B
9-26
10-2q
11-15
25c
$1.50
30c.
(increased).
37 (4 c
——_
37 (4 c
(quar.)
(irreg.)
Inc.
20c
__.l——
20c
common.......
$1.37(4
11-
TL
.U.
10-14
S.
S.
Van
11-15
Fire Insurance Co.
Foil
Walker
10-6
:
Walker
10-17
12-
of
ni
Wise.
Co.
pfd.
$3
(Toronto)
prior
$2
preferred
Corporation
.Whiting
(quar.)
.
5%
preferred
9-29
50c
10-25
50c
10-25
20c
—
10- 5
15c
...
10-16
$1.25
common
(quar.)..
10-21
f$L20
(s-a)—_
—_—
—
Wisconsin Public Service
11-10
75c
'
.
11-10
t25c
(accum)
White Sewing Machine $4 preferred (accum)
,
9
Ltd.—
—
Western, Assurance
10-16*
(quar.)__
(quar.).—4—™—.
Mfg. Co.,
1
10-15
Co.
Gooderham & Worts
(quar.)
preferred
$1.
1
11-
(quar.):
preferred
Works
(Hiram)
Common
10-11
9-30
7%
Co.,
Iron
Dorn
1
11-
$5 preferred (accum)
9-25
f
25c
(quar.).——_
common
Explosives,
2
11-15
Cigar-Whelen Stores—
prior preferred (quar.)
$1.25
10-10
2
$1.12(4
preferred (quar.)
United
10-14
10-
9-30
25C
(quar.)
(quar.)__
(irreg.)
(quar.)
Mfg.
10-10
held
preferred
common
Truax-Traer1 Coal,
9-30
9-27
11-1
Gas
(quar.)
preferred
9-30
$1.62 y2
$4.50
preferred
9-30
dividend)
Southeastern
Texas
Corporation
Strathmore
4
11-10
f20c
Gas
of
preferred (quar.)
Standard
10-15
10-30
$1.75
$1.50
Co., common for each share
6(4 %
,
10-30
37 (4c
(quar.)
Ltd.— .'
common
Co.,
Southwestern Public Service, common
10-14
n-16
10-26
$2
(quar.)
share
1
12-21
37 (4 c
Co., common...
Power
Union
l/10th
10-
11-10
37V2C
(quar.),.
Canada
11-10
10-16
15c
(quar.)
preferred
Southern
11-10
f2c
,
.ySouthern California Edison,
10-16
9-28,t
11-10 ;
12-11
f30c
(j, Hungerford)
6%
10-6'.
12-11
40c
(quar.).
common (quar.)...
preferred..-..'...—-
participating
(N.)
10-10
Louis
(s-a)—......__■;
common.—
iquar.)
City Stock Yards,
Slater
10-14
5
75c
preferred
$!.50
:
of St.
Mines
City Gas & Electric
Sioux
10-
6
$1.25
Seven-Up Bottling Co,
Sioux
10-14
,
10-,6«
1
12c
Extra
9-30
9-
1
10-14
5c
10-14
10-16
8
10-
n-
50c
Stores, 7% preferred (accum.)____
Sears, Roebuck & Co., common (quar.)
1
2
9
1
12-
Schaffer
5
10-
9
10-
tl5c
5
3-17
9
10-
10-16
Extra::
1
10-21
10-
10-16
t$1.50
San
1
10-21
10.-16
$1.10
(quar.)
Saguenay Power, Ltd., 5V4%. pfd.
10-16
.10-15
10-14
25c
Co.
10-16
Ltd., common (quar.)._.
Rose's
11-30
10-
1
1
10-31
15c
(quar.)—___.—
preferred
&
Extra
10-10
11-
10-20
11-
r
10c
pfd. B (quar.)
Products, Inc., comm.on..
Rockland
10-10
9-23
11-15
9-28
15c
Inc
Rochester American
1
10-3
10-20
preferred
(quar.)
;
—_
Roos Brothers, Inc., $6.50 pfd. (quar.)—
10-15*
10-
1
40c
6%
10-15
10-
10-18
11-
preferred (quar.)
Rolland Paper Co.,
10-20
10-
1
75c
preferred
IRickel
1
10-
2
11-
25c
preferred
$2
5
11-
1
10-
32 (4 c
—
Rhode Island Pub, Serv. Co,, Class A
(quar.)
(
11-15
11-
12-
10c
(quar.
Co..
Pulp
10-16
$1.50
(quar.).
5
9-30
11-15
BpIow
give the dividends announced in previous
we
11- 1
11- 1
11-1
50c
1(0-14 *
1
Railway Equipment & Realty—
v.
1
10-
,
10-20
(irregular)..
Sound
Purolator
10-14
;
12-15
11-
Co
Fuel
preferred
Puget
10-14
10-10
1-5-45
(quar.)—
$1.30 pfd.
Electric, 4.40%
Inc.
10-17
25c
(quart)——
common
Potomac Edison, 6%
10-16
12-
Tool
10-20
$1
(year end),..
dends
12-15
11- 1
12- 1
31 (4c
t5c
Co.
1
t$1.75
pfd. (quar.
Service,
&
11-
50c
(quar. ).„„^
(quar.)
Lighting Co.,
Public
10-16
25c
(irregular)-—
...i.j...
Davis
9-30
1
15c
Discount
Company
9-30
11-
20c
10-25
30c
10c
$1.25
J0-16
75c
Co
10-14
11-
$2.75
;
,
weeks and not yet
101111-
10-15
10-16
.....
11-15
9-15
10-16
11-1
1011-
11-1
$1.25
:
common
10-10
11-
(accum.)__.
&'Naumberg
Kennedy's,
$1
(quar.)...^—s 25c
Publishing Co.—
Corp.
Knitting Mills,
v
$1.50
Educational
preferred
—;—
(quar.)
Detrola
preferred
$3.50
Jonas
Corp.,
preferred
International
10-31
10-10
——$1.25
(quar.)—
preferred
$1.25
__Jan 2, 1945
gold bonds—Central Pacific stock coll. due 1949—Dec
(s-a)———
Goodyear Tire & Rubber, common.
$5
10-16
4-1
30-31
62c
*
(irregular)..——
Fitchburg Gas & Electric
Fort Street Union Depot
5%
1299
37(4c
$1.06(4
15c
Stores, Inc., common
Department
preferred (quar.)
—
Ferry Cap & Set Screw——.
Jantzen
Co.—
10-16
10-18
10-16
—
International
Joseph of the Diocese of Peterborough (Ont.)—
bonds
10-20,
12- 1
.
,
—
Pacific
.
preferred non-cum.
Hat
7%, 6% and 51i%
——Oct
1945
Ozark Power & Water Co.,
Sisters of St.
10-20
9-20
11-15
10-18
10- 2
(quar.)——$1.75
Dexter Company (resumed)———.——45c
Dickerson (Walter D.) CO. (s-a)
$1
Discount Corp. of New York_.—_—(
$4
-Dominion Dairies. 5% preferred (quar.)—
$44c
Employers Group Associates (quar.)
—25c
Eureka Pipe Line Co.
50c
Exeter & Hampton Electric (quar.)^_—, $2.50'
Falstaff Brewing. 6% preferred (s-a)—„—
3c
7%
Harris (A.),
1082
Oregon-Washington RR. & Navigation Co.—
1st and ref. mtg. 4% bonds, series A and B, due
1961
—;
Janl, 1945
—
10- 2
Rayon Co.—
Hartford Times, Inc.,
'
5%
Delaware
*
1405
1
_■
Seventieth
pfd. (quar.)—
6%
60c
$1.50
$1
common
Interchemical
mortgage bonds,
1st
One
Co.,
1404
Co.—
1st
,«
(stock dividend)5%
Preferred
(quar.)^———
17(4c
Crown Cork & Seal Co., Ltd. (quar.).
$50c
Cuban-American Sugar (Irregular).———
$1.
Darling.Stores, 6% preferred (quar.)
.
37(4c
Cross
1404
——Nov
due 1952
Northern Indiana Public Service Co.,
preferred
1
1
-Oct 20
—
1st mtge. loan ctfs.
(C. B.),& Sons,
11-1
11- 1
$1.75
(quar.)
:—
Bank & Trust (N'.Y.) (quar.)
Common (irregular)
Gulf
Merchants Terminal Co.,
Nivelle
.
RR.—
Unified mortgage 3 (is,
Co., common—
B.)
preferred
Cottrell
(accum.)
(irregular)-—
America
of
4(4%
Janl, 1945
;3%%
$3 preferred
.
bonds, due 1961——Jan 1, 1945
bonds, ser. G <fe H, due 1946_Jan 1, 1945
bonds, due 1952
——.Janl, 1945
RR.—
Ohio
&
(W.
7%
6c
$1.50
75c
25c
Royalty Oil——
Corp.
Corn Exchange
'
mortgage 4(4%
Gen. mtge. 4% conv.
Collateral trust 4%
Gulf,
10- 9
10-25
11- 1
11-20
11- 1
,
1st mortgage 4%
Co.,
,
~
—-Nov 20
1st mtge.
RR.
Coal
-
H- 1
Container
*
1
1st mortgage 4s, due 1946——Nov
4s, due 1945—
Nov
Country Club,
Southern
1952-————
'
;
$1.87(4
Consumers Co.,
429
:
Laundries Corp.—
Consolidated
1077
Shoe
Pccahontas
10-16
■
56(40
(quar.)...
(irregular)
Southern
$7,50 preferred (quar.)_—
1397
-Nov 15
Division—
April 1, 1945
,
11- 1
11- 1
(s-a)-——
Consolidated Rendering Cov—$2
bonds——Dec
1
Gotham Hosiery Co., Inc., 7%
preferred stock
—Nov 1
Grace Hospital Society, 1st & ref, 7% bonds of 1952—__
t
Glen
Class B
981
*
1293
1398
%
5s, due
mortgage and ref.
Florida
1948—
(quar.)——4—37(4c
(quar.)—
_—---•■37(4c
Consolidated
Derby Oil & Refining Corp., $4 preferred stock
Eastern Ry.
$4c
9-30
12-21
Aircraft,
Co.
Plomb
Consolidated Chemical Industries—•
$2299
1
1
1
1
20
tr. & ref. 6% bonds_Nov
1956—————,—-—
—Oct
—
11- 1
10-20
,
10-19
Pittsburgh Coal Co., 6% partic. pfd. (accum.)
10-14
11- 1
Corp.
Cdniarum Mines, Ltd.
.-.■'Class-A
."
Coon
Consumers Power Co. 1st mtge. 3(4% bonds, due 1967_Nov
Croft Brewing Co., 5%
debentures, due 1945—
Nov
of St. Louis
(quar.)
Bottling Co.
Company
Commodity
.1077
:
Corp.—
Copper
Pasco
de
.
(quar,)-l_———--i—
preferred
...Collins
:
1951—Nov
Delaware Valley Utilities Co., coll.
4%% pfd. (quar.)
6% pfd. (quar.)
Pwr. & Lt,,(Mass.),
Coca-Cola
'
*
;
———
Connecticut LighT &
1st and ref. mtge.
—
—
9-23
11-. 1
(s-a)
Piedmont & Northern Ry.
11-15
11-15
10-21
10-21
10-15
11-1
(quar.)_—
Ltd.
2
& Stores—
Merchandise Co
Loan
11-
10-
9-25
,$1,50
10-15
11- 1
?25c
$1.00
' ■■ 25c
$1.19
$1.50
$1.75
75c
25c
$2.50
Co.'s,
Extra
7%
Union
1971
6%-
.
Ceiro
3%s, series E, due 1663————Jan 1, 1945
Terminal Co. 1st mtge. 3(4s, ser. D,
—Nov
1
1st mortgage
Cincinnati
Oil
__i—J!0c
Investors
Canadian
1395
—Nov
Chicago, Burlington & Quincy RR.—
Illinois Division mtge. 3(4% & 4% bonds due 1949__Jan
Chicago Union Station Co.—j
9-30
1-2-45
11-15
12- 1
12-1
Canadian
50c
40c
....
10-20
<
$1.25
Tube..........
Pennsylvania Gas Co.
12-15
11-1
Ltd.
York
Pennsylvania
10-6
10- 6
10.-16
12- 1
11- 1
—75c
$37(4c
Seamless
Shipping Co,_.^,_.
Drop Forging Co.—
60c
9-
?62(4c
$$1
$20c
(interim)—+20c
B
Central
r".
9-25
9-29
(quar.)_____;_
Canadian Foreign Investment Corp. (irreg.)Y
Canadian Industrial Alcohol, CI. A (interim)
1395
4
10-20
9-25
11- 1
11-1
11- 1
Food Products,
Canadian
:
1
9-29
11-10
(quar.)—$$1.25
Bronze,
preferred
5%
Central Kansas Pwr. Co.,
„
10-20
Payne Furnace & Supply, common...^
60c convertible preferred A (quar.).—.
$1.50
75c
(quar.)—————
Power
(quar;)——.——
common
(quar.)
preferred
Canadian
*
1
1
10-10
50c
$1.75
Bycrs (A. M.) Co., 7% preferred (quar.)—t
California Cctton Mills (irregular).;——
1179
1179
1290
11-
Pacific
10- 2
regis.
—. *1544c
preferred——5%c
15c
Burlington Mills (extra)_
1
Corp., 4(4% debentures, due 1948—_________Oct 24
States Edison, Inc., collateral trust bonds—-Nov 13
Central
rects.
Light
Gas
Central Investment Corp.___
Nov
1st mtge. 4s, ser. A,
4%
50c
$31.50
(s-a)
Ltd.—
for ord.
deposit
deposit rets, for 5%
$3
Electrici Corp,~(--:
%
1950-1952——
1951
Carrier
Co.
Co.,
Amer.
Brockton
Co.
series C debentures, due
Canadian
due
Mfg.
G.)
Tobacco
Amer.
1444
1179
9-25
50c
Parke
11-25
Co.
Special
*
1289
2
Pacific
11-15
Hose <fc Rubber
British-American
Page
10-
11-15
(quar.)
(quar.)
British-American Assurance
1121
10-16
$1.50
2
11-25
—_———
Electric Co.. common
Boston Woven
571
10-16
10-16
50c
Corp.—
9-30
1
10-17
(quar.)—
——
7c
25c
$1
10-16
1
Outlet
10-25
7c
9-15
62 Vs c
2
Okcnite
$1.25
—_—_
9-30
10-
Ohio
10-2
10-
11-30
11-
10-16
20c
$1.25
(quar.)
preferred (quar.)
Co.
Co—
H.)
preferred
$7
1082
preferred stock, series of1925-—v-f—-—:_Oct 14
(Edward
—
-——
11-15
25c
f$1.50
11-
4
12-
10-13
50c
Ogilvie Flour Mills, 7%
2
10-14*
10-
10-18
10-14
75c
Nunn-Bush
11- 1
10-25
(W.
Birtman
986
1297
Brooklyn Union Gas Co.—
20-year 5% debenture bonds, due 1950
———Oct 27
1st lien and ref. mtge, gold bonds, series B, due 1957-Nov
1
Budd
—
—
(monthly)
Aircraft
Besch
1402
1
1
Nov
1111-
9-15
25c
Barber
Birmingham
1st
$1.25
Monthly
10
11
—Nov 15
& Sons Co., 5% notes, due 1947
Electric Co.—
■'
and ref. mortgage 4(4% bonds, due 1968
Avery
11-15
10-16
10-16
1111-
1
1
10-18
$1.50
Common
—$1.75
22(40
Co., 5%
Mills
Avondale
20-yr, 4% bonds, series C, due 1957———Nov
1st mtge. 20-yr. 3(4"4 bonds, series D, due 1964——Oct
1st mtge.
10-10
11-
1111-
15c
(quar.I........;.......
preferred
Northrop
10-
50c
$1 50
;
preferred..
Utilities Assoc.—
Northwest Engineering
101111121110-26
11- 1
Atlas Powder
bonds, series B, due 1955——Nov 10
mtge. 20-yr. 4'/*
10-16
10-20
11- 1
$68%c
t!5c
'
25c
6%
Inc.,
Corp.........
$5.50 prior preferred (s-a)_..__...
Naugatuck Water (s-a.........
9-15
Bloomingdale Bros., Inc., common—-----Preferred (quar.)
—-—--r—-
1295
of Delaware—
Armour & Co.
10- 2
10- 2
(quar.)—
common
5% preferred (quar.)
Anglo-Canadian Telephone, 5(4% pfd. (quar.)
1079
10- 2
(quar.)
Co.
Viscose Corp.,
American
1079
preferred stock——Dec.
1
Corp., Inc. notes due 1956_Oct 16
;
Square Garden
6% preferred )quar.).
1st
New
2%c
50c
20c
30c
25c
25c
30c
50c
.
Products,
Petroleum
$2.50 non-cum. Class A
10-14
8%c
-
Stove
American
10-25
$2.50
$5.00
& Gas__„—„————
Class B
1293
Allegheny Ludlum Steel Corp., 7%
(quar.)....
.......
Metal
Moore
9-20
Home Products
American
1396
Date
Company and Issue—
10-18
Co.
Mississippi
of Rec.
(monthly)———
News Co. (bi-monthly)——
Piano Corp., Class A
>
,
.
11-11
National Mfrs.
Payable
Coal Co. of Allegany Co..—„..._
California
ENTIRE
<
9-30
1
Michigan
Co.—
American
1
,
:
9-30
10-10
1
Holders
87 (4 c
——__——•
American
531
1
1
Nov.
^
-
Youngstown RR.
&
preferred (s-a)
5% preferred (accum.)—
5%
4
1
1
1
—Nov
income bonds-
1st mtge. 5 (4 s.
Canton
Akron
Co.—
mortgage 5%
Montreal Island Power Co.
9-30
J0-10
11-
Biscuit
6%; preferred Class A (quar.
Narragansett Electric, 4(4%- pfd,
When
(quar.)—
Co., Class A
Ahlberg Bearing
1178
%
(irregular)—
Straus, Inc.
&
Abraham
5%
Paper
......
10-16
10-10
25c
'
1
12-
$6
■
Share
of Company
Name
977
bonds/ series A, due 1950—Nov
1
Houston Natural Gas Corp. 1st mtge. 4s, due 1955
-Nov
1
International Rys. of Central America 1st mtge. 5s—Nov
1
Litchfield & Madison Ry., 1st mtge. 5a, due 1959——Nov
1
Metropolitan Building, Ltd., 1st mtge. 5$—
——Nov 15
50c
'
11-
11-15
$1.25
(quar.).
.....
(quar.)—
1
5
9-23
9-30
32-
McCaskey Register, 8% 2nd pfd. (accum,)..
McDonnell Aircraft, preferred (quar.)...
Melville Slice Corp., common (quar.).
5%
preferred (quar.)_.__
^
a
1289
_
1st and ref, mortgage
Class A
participating preferred (quar.)
Maytag Co., $3 preferred (accum.)
Industrial and Miscellaneous Companies
Page
Co.—
Electric
Houston
(Del.)
5%
announced, but
Further details and rec¬
Per
——
10-
10c
show the dividends previously
we
declared.:
Nov 30
American Viscose Corp., 5%
preferred stock———Nov
1
American I. G. Chemical Corp., 5(4% debs., due 1949—Nov
1
American Tobacco Co. 20-yr. 3% debentures, due 1962—.Oct 15
Association of Franciscan Fathers of the State of Illinois—■
1st and ref, mtge. serial bonds, series A, due 1950 to
1952.
Nov
1
Atlantic Coast Line RR. 4% bonds due 1952 .(Louisville
&
Nashville
collateral)
—————-Nov
1
Chesapeake & Ohio Ry.—■"V:'••••" %,'v..
Ref. & improv. mtge, 3t4% bonds, ser. D, due 1996_Nov
1
Crowley, Milner & Co., 5(4% debentures dated 1933—-Nov
1
Eastern Car Co., Ltd., 1st mtge. 6s, due 1952
Jan 1, 1945
Famous Players Canadian Corp., Ltd., 1st mtge. & collat.
4(4 % bonds, ser. "A," "B" and "C," due 1951-—Oct 19
Federal Water & Gas Corp.,. 5(4 % debentures due 1954_Nov
1
Firestone Tire & Rubber Co., 3% debentures, due 1961__Nov
1
Florida Power & Light Co., 4(4% debentures, due 1979_Nov
1
Gaylord Container Corp., 5(4% conv. preferred stock—Oct 31
Great South Bay Water Co., 1st ref. mtge. 5s, due 1949_Nov
1
Hamilton Mfg. Co., 1st mortgage 5s, dated 1936———Nov
1
+2c
Marven's Ltd.,
paid.
dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week When
1185
1959
J20c
(quar.).'
(quar.)
Massachusetts
ord of past
Ltd.—
stock and bonds, due
Debenture
Holders
25c
Lyon
are
which have not yet been
Date
,
B
Shops
(quar.)...
& Tel.
Tel.
MacMillan
PARTIAL REDEMPTION
.
cf Rej\
When
10-16
Long-Bell Lumber Co., $4 pfd. CI. A (accum.)
item).
(see
'7 The dividends announced this week are:
Company and Issue—
■
30c
Candy
Mines
preferred
Madison.
Page
23
1
16
16
Ry., 4%
Union
(R.)
Gold
Lincoln
on
grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
1966—_____Oct 10
1973———Oct 10*
mortgage bonds, due 1949
;_Nov
6(4% prior pid. and 7% pfd. stocks—Oct
Holly Sugar Corp., preferred stock-—...a—
Oct
Dayton
Hoe
Leitch
1445
(resumed)..
(quar.):
Secord
Extra
18
mortgage 314 % bonds, series C,
Chesebrough Building Co., 1st mtge. 6% ctfs., due 1948_Oct
Corp,
Laura
DIVIDENDS
:
series L, 3(4 s, due 197QX-—Oct
to
in
Public Service Corp.—
Vermont
tin Volume
issue,
Payable
'
10c
Loose-Wiles
interest
with
Dividends
Date
1st and general mortgage
Central
*Annouhcement in this
time
TENDER
Company and Issue—
■
building
mortgage
Class
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
OF
Kohier
bonds (Student Unions)———Nov 15
1st mortgage Hall of Music bonds———
Nov 15
United States Steel Corp., serial debs., due 1949-1955—Nov
1
Utlca Electric Light & power Co. 1st mtge. 5s, due 1950
§
bonds, notes,
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
Kingsbury Breweries Co,
Indiana University—
Trustees of
Notices
NOTICES
Share
of Company
15$r
1
Co., 1st mtge. 6s, ser. C, due 1947_Dec
Southwest Telephone
1st
Below will be found a list of corporate
Name
Date
Issue—
Per
Redemption Galls and Sinking Fund
;
:
10-16
paid.
The list does not include divi¬
week, these being given in the
this
announced
preceding table.
;
10-16
Industrial
10-2
10-16
•
'
_
10-20
10- 2
10-15
10-21
10-21
10-15
10-16
Miscellaneous
and
1
Laboratories, 4% preferred
Addressograph-Multigraph Corp.
Extra
Fund, Inc.
1
Reduction
.
of Rec.
When
Holders
$1
25c
10-16.
10-10
3c
pref. (irreg.)
10-14
8c
(quar,)...
Air Investors, $2 non-cum. conv.
Air
(quar,).
Payable
Per
1
-
Abbott
AJfihated
Companies
Share
Name of Company
9-29
10-14
60c
25c
10-16
10-10
10-10
25c
(quar.)—
Extra
-
20c
10-15
11-25
Alabama Power Co.,
10-11
Alabama
(quar.)...
preferred—...
$1.25
$1.50
11- 1
12- 1
10-10
Allegheny Ludlum Steel, 7% preferred
Allegheny & Western Ry.. Co., gtd. (s-a)—
$1.75
$3
25c
12- 1
1-2-45
10-20
11- 1
10-31
10-15
Alabama
10-
4
Mills
Water
Stores
$5 preferred
Service,
$6
9-30
Allied
9-30
Aluminum Co. of Canada. 5%
9-30
Anierada
Corp.,
Petroleum
common..:
(quar.)
pfd. (quar.)..
1.
}$1.25
7"c
10-
2
9-21
9-30
9-30
10-
7
9-29
9-29
9-13)?}#
10-13
12-20
9-29
10- 4
10-14*
THE COMMERCIAL & FINANCIAL CHRONICLE
1562
Name of
Payable
Share
Company
Name
of Rec.
American Alliance
Quarterly
Extra
Asphalt
Can
American
9-20
10-14
9-20
Concord Gas,
7Ye: preferred
20c
10-15
11-15
10-16
9-30
Confederation
Life
10-26*
Y.)—
8Ye
Co.
(quar.)
com,
(quar.).
75c
,
(irreg.)___
Manufacturing
10c
cash__..
or
'
1
75c
11- 1
10-16
9-15
Fidelity &. Casualty Co.
1
11-25
American
American
Furniture,
10-10
\$1.'12%-
10-14
25c
pfd. (quar.)
10-10
preferred
7%
American Maize-Products,
$1.75
25c
10-14
10-12
10-16
10-
(quar.)_
common—.
American Nat'l Bank & Trust Co.
,
——
■American
American
7(4
preferred
American
(quar.)——
Telephone Co.
(Abilene,
Zinc Lead
$5
preferred
Anchor
(quar.)—
Cable
1
10-
Inc.
—
10-17
4
12-15
12-22
12-15
10-16
10-
5
—
'
Atchison
Atlantic
City Electric, 4Ye
Decker
9-30
12-
1
10-27
10-
11-10
10-23
11-1
Austin Nichols & Co.,
10-27
Babcock
Wilcox
&
Baldwin
$5 class A
& Sons Co.,
Paper
Badger
Nova
Bell
Telephone Co.
Biddeford
Biltmore
&
Ltd.
Hats
Birdsboro
BUnv-Knox Co.
Blue
Ribbon
Blumenthal
Class
B
Boston
Personal
Bow-Bilt
$2 class A
Extra
Co.
25c
15c
Property
.
10-10
Dixie
Cup
10-14
9-30
Dixie
10-
9-30
Dome
9
10-10
11-
12-
9-11
11-20
(E.
&
10-14
10-10
10-10
9-30
9-28
Brooklyn
Union
Broulan
9-21
Extra
,$10c
preferred
Fence
Brown
Budd
Mills,
Burlington
5%
(irreg.)-
10-14
10-15
12-
9-21
9-20
10-14
9-30
du
7(4
preferred
Canadian
New
Power
of
($10 par)
6(4
1
10-
7
Class
7Ye
B
12-
1
11-15
11-
1
10-10
11-
1
10-10
10-16
9-
$1.75
10-16
9-30
$1.50
10-16
9-30
$1.50
9
10-16
9-30
37%c
11-15
10-31
62(40
11-15
10-31
10-25
9-20
10-16
9-20
11-
9-30
1
1-1-45
12-13
Clinchfield
Celotex
5 Ye
5(4
York
preferred
Chain
Store
Chemical
Power
Products,
10-16'
9-30
10-31
9-29
$$1.25
10-31
9-29
10-14
9-15
$1.25
10-20
10-10
$1.50 preferred
Chicago & Eastern Illinois, class A (irreg,)_
Shore & South Bend RR.—
Quarterly
Chickasha
;
—
Cotton
Oil
Cincinnati
6(2 Yo
Postal
&
10-16
9-30*
30c
12-15
10-14
12-
1
9-14
11-15
10-
6
Co., 7% p(d,
Breweries, Ltd. (quar.)
Bottling (N. Y.)
Cockshutt Plow Co.
Feltman
&
(quar.)
$7 preferred
United
•
(s-a)
—
-
7(4
Filene's
Foundation
Co.,
Fraser
Canada
Fyre-Fyter.
1
10-20
11-
1
10-20
preferred (quar.)
10-20
25c
11-15
11- 4
$1.75
12-15
12-<5
11- 1
10-16
10-16
10-
2
Gerrard
9
$5
■
•
10-15
6(4
4
10-
11-30
(quar,$1.75
11-30
12-15
*
1-2-45
4-2-45
3-17
10-15
50c
(quar.)
Co.,
Va,)—
Rubber &
Tire
10-10
Common
Lexington
(quar.)
10-14
9-30
10-13
10-4
»3
12-30
12-20
37%c
10-25
10-14
10c
6(4
12-27
12-12
(s-a)__——_
'
62I/2p
75c
12-27-
12-12
11-
1
10-13
50c
preferred
Corp.
10-31
10-16
>
25c
$1
$1.12%
1-2-45
12-14
11- 1
10-20
62'/aC
10-14
(quar.)_
(quar.)_:
-
——
Telephone,
9-30
V
(quar,)—.
Valley Gas,
9-30
10-14
75c
(irreg.)
(Richmond,
common—
preferred
10-14
55c
1
Electric
&
Insurance
Lehigh Portland Cement, common (quar,)__
4(4 preferred (quar.)
—,—
Lerner Stores, 4y2(4
preferred (quar.)_____
9-30
10-16
&
Lebanon
9-30
10-15
$1.75
Gas
Title
6(4 participating preferred
'Lazarus (F. & R.) &s Co
$2.50
12-18
11- 1
10-2
5.2(4
preferred (quar.)
11-
10-17
9-30
10-21
30c
6% Yo
9-30
Corp.
Co.,
preferred
10-20
9-30
11- 1
10-14
10-25
10-31
10-14
15c
10-31
10-14
Long-Bell
2c
10-14
10-1.6
10-20
$35c
25c
,
—
22c
50c
50c
►
10-
5
9-30
9-30
9-30
________—„
—
_______
r
,
10-5
11-4
$1.62%
1-2-45
12-15
25c
10-16
$1.12%
$2
50c
11- 1
10-14
10-17
10-
12- 9
11-25
12-
11-25
•
$1.10
10c
.
preferred
(quar.)—
Participating
___:
9
11-
12-
1
11-20
1
Class B
25c
12-
Loomis-Sayles
Second
Fund
(irreg.)——_
20c
10-16
Loomis-Sayles
Mutual
Fund
(quar.)
50c
10-16
11- 1
10-20
Lord
15c
11-1
10-14
Louisville
29c
10-11
10-25
9-30
5(4
35c
9-22
5(4
5c
10-16
10- .2
Lowell
10-16
10-
Limkenheimer
25c
11-25
30c
11-25
11-10
preferred (quar.)_
Luzerne Co. Gas & Electric, 5%(4 pfd. (quar.)
Mahon (R. C.) Co., class A (quar.)__
$1,12V2
11- 1
10-10
MacAndrews &
6c
10-20
9-30
11-
75c
(quar.)—
(quar.)_
u
-
(quar.)
Advertising,
(quar.)—
common
1
10-15
10-15
10-20
frniar.)
1
9-30
2
11-10
10-10*
$1.25
11- 1
10-
25c
10-16
10-
H-15
11-
1
11-15.
11-
1
$1.50
9
2
$1,50
(initial quar.)
$$1.25
11-15
11- 1
11-
10-
Inc.,
(quar.)_
common....
(quar.)_.
1
7
2nd pfd.
Macy
9-30
9-30
(Ky.), com.—
37%c
10-25
9-30
preferred, $25 par (quar.)__,—______
preferred, $100 par (quar.)
31%c
10-14
9-30
$1.25
10-14
9-30
65c
10-13
10-4
$l.621/2
$1.3iy4
1-2-45
12-20
1
10-13
Gas
&
Electric
Electric
Light
Co.,
Co,
(irregular)
6%(4
Forbes,
preferred
Magnin
.
Extra
conv,
preferred
Fund
Bond
—
preferred
Co.
!
(N.
13-30
11-20
Maracalbo
10-16
10-
6
Marchant
20c
10-
5
Margay Oil Corp.
$1.25
10-25
11- 1
Oil
10-
2
Maritime
25c
IO-25
10-10
Crimm^n
$1,50
10-25
10-10
7(4
Y.)
50c
10-16
9-30
35c
10-14
9-30
10-14
40c
1-2-45
$1.06%
11-1
10-11
$1.50
11-15'
11-
10-16
10-
5
10-16
10-
'5
9-30
12-
8
3
—
50c
(quar.)___
Maple Leaf Gardens. 7(4
25c
(quar.)—
—
—
Trust
10-17
17%c
H.) & Co., common___
preferred A (initial quarterly)
Manhattan
11-
1
10%c
(quar,)_i.
(I.) & Co., 6(4
11-
$1,50
common——
(R.
4%(4
$2
11-20
.
$2
—
6(4
4
(quar.)_______
25c
Tool
common
(quar.)__
Brothers
preferred
Machine
Razor
Taylor, 8(4
Manufacturers
(accum.)
Lewis
&
2
12-1
10-6
25c
—_
9-30'
-
$1,25
—
12-
1
Lumber
Longhorn Portland Cement—
5(4
10-26
10-14
(qu&r.)_
$35c
37V2C
11- 1
10c
50c
of Texas (irreg.)______
common
(quar.)
Lion Oil Refining Co, (quar.)_
Liquid Carbonic Corp., 4%(4 pfd. A (quar.)_
Lit Brothers, 6(4 preferred (accum.)
Little Miami RR., special stock (quar.)_„
$3.30 original stock_—
10-16
*
Quarterly
Linen Service
Link-Belt
(irreg.)—
(quar.)
common
9-25
10-15
11-1
$1
common
10-14
l
$1.30
Lincoln National Life Insurance (Ft. Wayne)-—
10-17
A.), nreferred (s-a)
Rafetv
6
10-13
8c
preferred
Lawyers
11-17
12-30
(quar.)_____^____—.—
Lawrence
11-17
15c
A
Class B
4
Castings Corp.—
preferred
Gimbel
$6
&
common——
Bryant, Inc.,, 7(4 preferred
Class
9-29
10-
10-15
.$1
IS.
Gillette
10-16
10-
10-25
-
Laundry
Corp.,
preferred
Giddings
11- 1
Lane
11-
12-14
"■■■•
Machine, common (quar.)__
preferred (quar.)—
i_
7 Yo
11-16
General Steel Wares, Ltd.—
9-30
2
Landis
—
:
preferred
9-30
11-
1
10-25
A
1
1
12-
25c
A_____
Co.,
nrpforvpfl
10-10
Products,
Clay
$1.25
(s-a)
11-
12-
9-29
$1.18%
(San Fran.)
(s-a)
$3c
$1.63
10-'9
10-11
<s-a)
1
11-20
i—™
—
Inc.—
preferred
50c
12-
11-30
12-14
$4
(increased quar.)
preferred class A
5(4
12-15
11-30
10-10
General Motors Corp., $5 preferred
11-
(quar.$1.50
Mines
—
12-14
%
(quar.)
5(4
6(4
Gold
10-, 3
5c
Class
Mercantile
General Finance
Class
Lake
9-30
10-27
10-16
10-15
General Baking Co.
General Capital Corp. (irregular)
General Electric Co. (quar.)—
.6<*4
10-10
10-14
$5c
Liberty Loan Corp., $3.50 pfd. (quar.)87y2c
LJ.
Investors,
Gardner-Denver
General Steel
10-31
$1.50
5c
$1.75
General Mills, Inc.
4
9-30
10-10
$1.25
Extra
Lee
:
Ltd.
Froedtert Grain & Malting
Galland
10-16
10-28
*
.
10c
$2,50
Telegraph (s-a)____
Cos.,
:
12%c
(quar.)__
common
Rubber Co.
of
;
Laclede-Christy
1
1-2-45
75c
Co.
'
10-5
Leath
Quarterly
Franklin
$1
25c
.Stores
preferred
non-cum.
5
12-
$1.25
—.—_
10-10
10-
10-16
1-2-45
.'
(quar.)__
Dyeing Co.—
(quar.)__—
&
12-
11-1
Stores—
4%Yo preferred (quar.)
Fireman's Fund Insurance Co.
Firestone Tire
10-16
12-15
$1.75
$1.50
preferred
Shoe
Sons
(Wm.)
$6
2
11-1
15c
Kroger Grocery & Baking—
7(4 2nd preferred (quar.)——.___
Krueger
(G.)
Brewing
9-15
Cleaning &
preferred
10-
10-16
20c
iquur.)
9-29
50c
7(4
10-14
$25c
4
12-14
_____
(accum.)_
Fenton
10-13
10-11
12-15
(quar.)_
& Co.,
Curme
Department
L
10-31
1-2-45
^
J.)
(quar.)_
!
11-1
11- 1
$2.50
Y.)
preferred
(J.
preferred
10-18
'11-1
$2c
$1.50
__——4__.L__.___
Common
'
!;l $1
$1.50
5(4
preferred (quar.)—
;
Kentucky Utilities Co., 6(4 preferred (quar.)
Kerr-Addison Gold Mines (interim)
Kinney Manufacturing Co.—
Federal Services Finance Corp, (Wash,, D. C.)—•
Felin
$1.06%
: r''
„
9-30
10-6
10-27
$1.50
15c
$1.25
$1.37V4
Fansteel Metallurgical Corp., $5 pfd. (quar.)
& Traders Life Insurance v
:
(Syracuse, N.
Quarterly
6(4
Furnace
Kellogg Switchboard & Supply—
Farmers
1
Columbus & Southern Ohio Electric—
6(4 Yo
Extra
!
quaf.jL-J1
9-30
11-10
1/
Kokomo Water Works, 6(4 preferred (quar.)
Kress (S. H:) & Co., 6(4 special pfd. (quar.)
15c
11-
$1.75
(quar.)-
Coca-Cola
2
10-10
5(4
10-20
$1.75
-
10-
10-25
(quar.)
10-20
25c
;
10-16
(quar.30c.
10-10*
9-29
common
2
______—
common
1
6
Coast
Inc., common
dividend
Brewing,
1
10-
Corp.,
10-
12]/2C
11-
20c
(quar.)
10-16
,
Co
11-
9-29
Water Works
9-15
__
General Fnods Corp., $4.50
pfd. (quar.)
General Investors Trust
(Boston)
6
Coal
Stock
Falstaff
Cleaner
6(4
10-15
10-
preferred
Eversharp,
Extra
10-31
7 Yo
10-16
,(quar.)___—
preferred series (initial
Kaufmann
2
12-
Co.—30c
Vegetable Parchment Co. (quar.)
Kansas City Southern Railway Co,—
4(4 preferred (irregular)
10-2
$$1.75
30c
)
10-16
10-16
,
Langendorf United Bakeries Inc.—
—
$1.25
Clinton
11- 1
2nd
9-15
20C
Kalamazoo
10-2
$1.25
9-30
$1.25
Kllinchfield
Vacuum
General Outdoor
—
10-31
B.)
11-15
10-16
$75o
13c
(quar.)
9-25
1
12-
:
(irregular)
,
4(4
')•
9-28
10-31
(W.
Mfg.
;
Inc.—
Inc.
Tea Co., 4(3(4 preferred
Johnson & Johnson—
1, *
9-30
$30c
_
(quar.)___
A
12-20
Cleveland-Cliffs
Corporation
10-16
Fireman
"C."
Jewel
Co,—
12-30
City Title Insurance Co. (N. Y.) (quar,)——
Cleveland Cine. Chicago & St. Louis—
5%
preferred, (quar,)
Cliffs
Kalamazoo Stove &
9-28
15c
12(40
preferred (accum.)
10-16
28c
$1
$5
Joplin Water Works,
1
____________________
10-16
15c
10-16
11-
10-16
$1
(quar.)
Fundamental
12 (4c
11-1
Fund
Kirkland
Special
Fuhrmann & Schmidt Brewing——.
(Chicago)—
—
.Iron,
(quar.)
pfd.
10-10
Realty—
City Stores, common (initial quarterly)
6 Ye preferred A (initial quarterly)
10-16
25c
Public Service, $5
preferred (quar.)_
10-11
$1.62(4
11- 1
(quar.)
1
$1(4
10-14
_____________________
11-
25c
,
—.
(quar.)
City National Bank $ Trust Co.
Quarterly
$6 pfd.
Share,
(quar.)
$3 convertible preferred
—
(quar.)__
Term.
preferred
&
10-11
Chicago South
Cincinnati New Orleans & Texas Pacific Ry.—
5 Yo preferred (quar.)
—__
12-30
11-1
$1.12V2
10-31
$1"
1-30-45
20c
!__i.
37Vic
(s-a)
Inc.__„
Jarvis
10-
(quar.)_„
10-31
$1.25
9-30
75c
25c
.r
10-30
$$1.25
(quar.)____
12 %c
!
Corp,—
(quar.)__
Fund,
9-30
$$1.25
(quar.)
Iron
11-1
10-
10-21
■
7c
Corporation, common
(quar.)___
New
10-16
/
(quar.)-
Ry.
preferred
Central
9-21
9-25
$$1.75
Ohio
&
10-10
10-31
Co. Ltd.—
—
Bond
Eureka
—,—
—
9-30
de Nemours & Co.—
preferred
6(4
—
:
25c
(quar.)
10-14
Esquire,: Inc.
$5
$15c
I.)
preferred
11-15
$5c
(quar.)
preferred,
Carolina
$6
(quar.)—87l/ac
Department Stores
25c
Investors
Radio & Phonograph (quar.)
Empire District Electric (initial)
J20c
class A (quar,)—
(quar.)_
(E.
Erie Railroad
(quar.)—
Investment, Ltd.—
Investment Foundation, Ltd.—
6(4 convertible preferred (quar._
preferred
Investors Mutual
Emerson
1
t75c
Intertype Corp.
10-10
$$1.37V4
Engineers
$1.25
$37c
(quar.)—
10-10
11-
11- 1
1.0-16
$8%c
.
$3.50
Co.—
7(4
pfd.
Co,, common..
A (quar.)
$5 preferred
12-
$15c
7(4 preferred ($5 par)
(quar.)(
International Utilities Corp.—
■
:V, ;
L
10-20
20c
9-29
10-
11-
t$1.75
(quar.)
par)
9-30
9-25
1
10-14
Canada—
2-9-45
i"1 $20c
(quar.)
Ltd.,
preferred
$5.50
($100
of
10-10
$$1.75
9-20
-
10-15
3-1-45
6
1
preferred
$75c
$37V4c
Linoleum, Ltd. (quar.)
Chemical
&
Textile
Chemical
40c
$15c
J$1.75
7(4
10-14
(quar,)„____
9-15
9-15
10-16
65c
(quar.)
10-10
10-10
(quar.)
10-31
1
10-15
10-15
$20c
$37%c.
;
11-
Co.
$30c
(quar.)___
12-
:
'
10-5
11-1
■
9-29
10- 3
10-10
15c
(initial quar.)
10-31
10-15
10-16
10-31
quarterly)_____
20c
30c
11-1
International Nickel
6
2-14
!—U
i
9-22
,12- 8
convertible
25c
________________
3%
10c
9-30
10-
10-14
Registered shares (quar.)—
Canadian Industries,
10-25
10-31
$10c
preferred
common
9-29
10-
1-28-45
—_
Oilcloth &
'
,
10-20
v
common
,
10-31
1
■'-
50c
10-7
6c
(quar.)
Ltd.,
"
:
10-16
1
$1
preferred (quar.)—$$1.50.
General
Co.
Ltd.—
12-20
11-20
25c
11-16
12-30
$1.75
i
"
9-30'
1
preference (quar.)—$1.50
6(4 convertible preference A (quar.)——
$1.50
International Milling, 4(4 preferred
(quar.)_ '
$$1
'6(4
t$1.25
Canada
(quar.)
Powders, com. (quar.)_
participating preferred (quar.)—_u._,
Interstate
Ltd.—
(reduced
of
pfd.
11-15
11-
9-27
12-
6(4
Corp.,
International Metal Industries—
10-16
9-30
$1.50
Fibre
International Industries
11-1
10-
10-16
12-23
$1.25
10-16
9-30
$2.50
30c
i
11-
40c
(quar.)_—
preferred (s-a)_
11-15
(payable in cl. A stock)
10-13
5(4
12-15
(quar.)
25c
Bridge Co.—, 25c
10-13
1
10-11
12-15
Mfg.
1'
1
$19.50
;
11-
11-
10-14
(quar.)—,
common
International Bronze
6(4
9-30
10-25
25c
$1,75
_'__—.
11-15
10-14
Y.)
12-23
1
10-17
1
$1
(N.
$1.25
12-
10-25
10-27
$1.25
Co,
$1.75
75c
11-15
(quar.)______12-.
International Harvester Co.
—
Pont
Hardart
preferred
Institutional Securities,
Aviation shares
2
$1.25
$97.70
$3.40 conv. pfd. (quar.)
?85c
Foundry Co. Ltd.—
" Y:
participating preference (quar.)——t52c
Canadian
10-2
$1.50
preferred-
(initial quarterly)—i—
Canadian Fairbanks-Morse
'9-30
10-31
"
Electric
(irregular)-
—
Co.
10-
10-16
(quar.)
—
Duquesne Light Co., 5(4 1st preferred (quar.)
Commerce—
Converters
10-10
$1
(resumed)
10-20
9-30
Canadian Breweries,
7Ye
25c
Co,—20c
10-20
Canadian Car &
Canadian
10-10
10-17
11-
Ltd., com. (quar.)—
(quar,)
Bank
10-25
1
10-31
—
Canada Northern
50c
11-
1
25c
Corp., common
10-10
$1.25
1
$4c
(irregular)—
preferred (quar.)——
32-20
11-
10-15
Mills, $1.50 1st pfd. (quar.)_
80c 2nd partic. preferred (quar.) ____
Calgary & Edmonton Corp. Ltd, (interim)—
California-Oregon Power,. 7% pfd. (quar.)6(4
preferred (quar.)—
6(4 preferred (1927 series) (quar.)
5Yo
1-2-45
11-
11-
10-16
Caldwell Linen
California Packing
$3
5
10-11
Ltd.
$4 preferred
15c
(quar.)—
10-
(quar.)
Huttig Sash & Door, 7(4 preferred (quar.)_
.Illinois Zinc Co.———_LL—>w_—_C'L__Y
.''Imperial Chemical Industries, Ltd.-—
,:
Ordinary shares (interim)__—____—L_
Incorporated Investors
Indianapolis Power & Light Co., common—
10-20
11-15
10-20
1
preferred (quar.)
Malting Co. (initial)
5V4(4
Dow
50c
common—-——
preferred
1
11-25
10-25
(quar.)
Dominion Tar
9-30
$25c
7%
11-
10c
25c
$3.50
V
.
(quar.)_
(quar.)
preference
Dominion
10-15
——
$2 pfd. A
7(4
11-13
———
Mfg. Co.,
Second
1
__—„
—
& Wire,
(Edward G.)
$$1.50
50c.
$1.25
———_
com.
(quar.)—
Mines
Hummell-Ross
25c
Stores
Dominion Glass
$4.50
Gas
Porcupine
10-20
common—
Bank
Dominion
10-14
Paper
6(4
"10-14
11- 1
$2
Iron Co.-
G.)
1
Fabrics, Ltd., common
1st preference
(quar.)___:
10-31
$-20c
County Trust——!
11-
Quarterly
1
British Columbia Telephone Co.—-
Brooke
Howe Scale Co.,
—
pfd.
Co.,
Dominion
10-31
(quar.)$32Vic
Light & Power (interim)
J$1
Bridgeport Hydraulic (quar.
35c
British Columbia Power Corp. Ltd.—Class A (quar.)———
-v—-i—
440c
Bronx
10-13
Dominion
10-
50c
Traction
Brompton Pulp
10-27
(annual)
Mines,
9
1
(quar.)___—-
6% 2nd preferred (quar.).Broadway Department Stores,
5%
preferred (quar.)—.
10-16
30c
&
'5(4
$30c
Home
10-10
$1.3D
Horn
(extra)—
(monthly)
lc
common
Household Finance Corp.,
$3
Co.
(quar.)
5
•
Distillers Corp.-Seagrams,
5(4 preferred
(quar.)
9-23
10-20
^
Cordage,
10-31
10-16
_
—
Brazilian
1
A
preferred
8
common
Dominion
.
.
12-
S.)
class
16c
(quar,)—
.
7(4
2
,
(quar.)
&
$1.75
10-
Products
non-cum.
$1
:
Trust
$1
(W.
6(4
2
62Vic
—-
.
(accum.)———_____■.
-
20c
4
a—,
Corp.—
Mines, Ltd.
Brantford
$62Vic
(initial)
(quar.)
Bondholders
Bralorne
•
—
(quar.)——_.u-_
Edison
Holly Sugar Corp.,
9-22*
Clay Mfg.— /
2
10-10
11-15
9-25
Vilbiss Co.,; 7(4
10-16
10-25
-
(quar.)
12-
Detroit Edison
10-
11-15
(quar.).
(quar.)—
common
(quar.)
Development
10-
2
10-
11-'3
10-13
10-14
5
10-10
9-30
$1.50
75c
$1
15c
11-15
1
12-18
10-
11-1
10-10
1
10-17
Dickey
10-20
■
SI
$25c
$$2
$1
+ 15c
10-31
10-31
12-
10-10
•
Detroit International
•10-10
30c
12%c
11-
30c
10-
&
10-20
preferred
25c
(quar.)
Co.
10-14
11-1
Lumber, common—L
—L_'/'.
/ 50c
Special. ————25c
'
12(40
Tramway Corp.. 1st preferred-—
Derby Oil & Reiining, $4 preferred——_
Gasket
5
10-
1
12-
Holly
Denver
Detroit
9-29
10-16
10-26
11-
$1.06%
_Ls„—_
preferred
Bartlett
9-30
(irregular) ——50c
preferred (quar.)—,
17(4c,
Co., 6% partic. pfd. (s-a)__
75c
(quar.)—
common
^on Ami Co., Class A (quar.)Boston
(quar.)
9
6
25c
quar.)—
preferred
Spencer
$1.50
.
10-
10-
(Edward)
7(4
Supply Co. of New York-
preferred
convertible
10-10
Diamond Match
'8Vic
6(4
Corp.,
10-15
(special).
common
Light
10-16
12-23
40c
-
Co.,
37(40
(quar.)—
Cohn
&
9-30
11-' 1
1-2-45
68%c
(quar.)
(initial
$1.31(4 V
De
& Machine-
(Sidney), Inc.,
.
Detroit Steel
(quar.,)—
pfd.
&
9-20
10-16
10-16
:
common
—$2
(irregular)
Power
Common
7%
$4
6
:
10-14
(quar.)——_
5%
(Alfred)
9-20
10-14
10-20
(initial)
9-29
10-14
15c
(quar.)—:
Ltd.,
$1.75
10-14
————
Corp.,
:
:
10-21
(quar.)
Steel Foundry
10-16
Hines
(quar.):
A
9-30
10-10
$1.75
-
Corporation
Hibbard,
10-
10-25
'
class A
10-6
10-31
___
Water
12-15
50c
17%C-
(quar.)
(quar.)'-
America
Chocolate
10-25
Corp.—■-
(s-a)
preferred
Dentist's
Hershey
1-2-45
50c
;
preferred
Marx_
preferred
65c
9-30
common
of Canada
Saco
$2
1
10-10
60c
——
Light
Company,
4ViYr>
$1.62y2
(quar.)—._
10-10
(initial)^-—.—"
Iron
Hecht
12-15
$2
_
&
Electric
Herbrand
11-17
1-2-45
50c
(quar.)—
Works Corp._
Bathurst Power & Paper,
Bath
1
12-
$1.75
(quar.)___—_
;
•
Scotia
1
Schaffner
Hercules Powder
(quar.)
common
11-
*
—
(accum.)
Co
Co.
11-
4
(quar.)
'Haylian Corp, of
3
11-10
Mills———______——-
Rubber
of
(s-a)
common
Bangor Hydro-Electric Co.,
Bank
pfd.
Hart
Hartford
5
.11-
A
Deere & Co.
10-15
10-
11-15
prior preference (s-a)
Davenport Water, 5(4 preferred (quar.)
Dayton Rubber Manufacturing, com. (quar.)
9-30
11-1
(B. F.)
Class
10-14
$1
Avery
6%
10-14
1
10-20
50c
;
31(40
preferred (s-a)
10c
11-
9-30
10-16
10-24
Refractories—
preferred
Harrisburg Gas, 7(4
11-20
—$$2.50
common
Culver & Poj-t Clinton RR,
Cunningham Drug Stores,
9-30
$1.50
(quar.)
preferred
5%
RR.,
'6(4 preferred
10-10
$2.50
Atlantic Refining Co., 4% preferred (quar.)$1
Ault & Wiborg Proprietary, 5%(4 pfd. (quar.)
:j:$1.37l/2
Line
Forster,
9-30
31(40
■
——
1
10-16
10-24
1
$1.50
Brothers, $2.40 conv. preferred (quar,)
6(4
1
11-
75c
$1.75
Harbison-Walker
9-30
11-
$$1.75
.
*
(quar.)
preferred (quar.)
Atlantic Sugar
Delaware
preferred
(quar.)
Topeka & Santa Fe Ry
Atlantic Coast
8Y0
10-14
Ltd.—
Co.,
11-15-
12-
15c
(N. Y.)
Co., Ltd., $7 pref. (quar.)
10-16
50c-
Package
SI
15c
10c
——————-
Utilities Corp.—
10-
12-22
$3
.
.;
Extra
Telephone
1
$1
—
(s-a)
Public
Associated
Crum &
Cuban
7%
11-
$1.12%
:
(resumed)-^.——f——10c
^Associated
$1.25
11-17
15(4
—
9-29
11-15
25c
(quar.)
Manufacturing (quar.)_^
Credit Utility Banking, Class B
(quar.)
Crown Cork & Seal Co., Inc
,
9-30
11-1
Insurance
Greenfield Gas Light,
6(4 pfd. (quar.)—__
Griggs Cooper & Co., 7(4 preferred (quar.)—
11-15
•"
Refining,
Cudahy Packing Co.,
Mills
(quar.)_.
Aro Equipment Corp.—
6
1
10-16
American
Halle
common
preferred
(quar.)
preferred
Creamery
10-13
10-13
10-14
.
preferred
9-15
common—15c
Hocking Glass Corp.
Arlington
10-16
10-23
Appalachian Electric Power—
4'/a Ye
preferred (quar.)
Arcade Cotton Mills, common
Argus,
9-30
25c
Anglo-Iranian Oil Co., Ltd.—
Ordinary (registered)
(final)
6%
10-16,
.
$1
_,
pfd.
(accum.).—„
7%. preferred (quar.)
Cornell-Dubilier Electric
10-6
11-
10c
$1.50
.
B
Great Lakes Power
'2
Ltd.—■
Vultee
participating
6V2Y0
3
10-31
$1.25
——
12-
Class
7
50c
6fe
convertible
Corn Products
9-29
11-
& Smelting Co.—
&
10-16
10-
10-
1
7Yo
10-24
11-30
$1.25
$2.25
(accum.)——
Wire
9-15
11-15
Great
(s-a)
Aircraft,
preferred
Continental Telephone Co.—-
Kansas)—-
Telephone & Telegraph
American
preferred
$5.25 preferred A
—-——,
American
Anaconda
7 Y<>
10-14
10-16
15c
50c
$1.75
——
Quarterly
10-16
75c,
Seal-Kap Corp. of Delaware
Smelting & Refining,, com, (quar.)
10-5
Corp. (s-a)
(quar.)—
Paper
Consolidated
3
10-14
$1.50
$1,12%
-—___
.
10-15
'■
——w—l
—
$1.25
American
12-31
10c
1
$1.25
Gas
Consolidated Royalties Inc.,
Consolidated Sand & Gravel
5
(Chicago)—
Quarterly
Rolling Mill Co., 4% (4 pfd. (quar.)
Amei'ican Safety Razor Corp. (increased),-—
„,
Extra
9-26
—
10-
10-31
12-25
(quar.)
Natural
Consolidated
9-30
15c
(quar.)—
Fruit Growers
12-
Consolidated
(quar.)—
$1.75
62V2C
2M2C
30c
11-15
$$1.50
—-—.—,,
Management
—_______
75c
Car
preferred
$5
_____
American Fork & Hoe Co., 4%(4
Invest.
Gordon &
10-16
Holder
10-14
25c
$$2
$40c
(quar.)__
Belyea, Ltd., class A com. I quar.)
(quar.)
Gotham Hosiery Co., Inc., 7(4 preferred—__
Graham-Paige Motors, 5(4 pfd. A (quar,)__
Grand Valley Brewing C©._
_uiJ,
—
(quar.)_
common
9-30
Ltd.
Co.,
11-
—
Power, 6% pfd. (quar.)
Heating_„^„—
Consolidated Edison Co. of New York Inc.—
10-11
$1.25
$1.75
:—:—-—
(Toronto)
u_.,—
Ltd.,
G.),
Consolidated
District Telegraph (N. J.)—preferred (quar.).
American Envelope, 7 (4 preferred
(quar.)__
(accum.)—
Assurance
Golden State
35c
,
When
Per
9-30
of Rec
Payable
Share
Holders
sl0-16
—$10c
(quar.)—
Connecticut River
'
.
American
American
(C,
1
Co.
Name of Company
of Rec.
When
.
—$5c
common
(quar.)
Quarterly—.
Conn
6
Light Corp.—
5Ye
preferred
Ltd-.,
Commonwealth Edison
Connecticut
(optional dividend series
(accum.), & share of class B
1928)
10-
Alcohols
Commercial
1
class A
conv.
stock
10-14
(N.
Co.
Corp.,
American Cities Power &
of
10- 4
5c
Roof
American Central
$3
10-15
(quar.)
;
—
American
$1.06Vi
Insurance
;___i
_
Holders
preferred
$4.25
Payable
Per
When
—____________25c
Lines,
American Air
Share
of Company
Per
Monday, October 9, 1944
non-cum.
pfd
Exploration
Calculating Machine Co, (quar.),__
(quar.)
10-15
9-20
$70c
10-16
9-30
5c
10-16
9-29
37%c
10-16
9-30
25c
10-10
9-20
$17%c
10-16
Telegraph & Telephone Co., Ltd.—
^«uar. 1
preferred
(quar.)
9-20
9-20
Volume
Share
Company
Name of
Marshal]
Field
Co.. (quar.)
&
Matthiessen •&
7%
Zinc—
Hegeler
Plymouth Cordage Co. (quar.)
$1.50
10-20
10-20
9-30
10-30
10-14
11-
$7
40c
1
10-14
Power
$4
1
2
9-25
11-
Robbins,
12-15
(quar.)
common
Co
Abrasive
•——
Co
—
(I.)
Miller
Manufacturing
Sons,
11-
1
10-10
;
Rubber Co
Mohawk
7%
10-14
10-
10-
4
10-14
10-
7%
4
10-14
4
Public
1
10-14
9-25
•
>'
1
12-
1
11-10
1
10-11
(John)
Co.
&
(quar,)
™-:™-.
,
(quar.)
10-13
/
$1.25
15c,
$1.50
425c
10-
10-14
(Philip) & Co., common (quar.) ——*/
%%' preferred (quar,)_j„—*******; $1.06 V4$U2J/2
4%7f preferred (quar.)
11-
11-
11-
1
10-20
$5
10-20
9-30
$5
12-15
(quar.)*
(Common
6%
preferred
Rochester
10-25
10-14
12-
1
11-10
11-
1
10-19
National Battery
Metals,
convertible
6%
7%
preferred
(guar.)
common
25c
12-
1
11-17
$1.75
11-
1
—
——*—*——.**,
National
Biscuit Co.,
National
National City
(quar.)
Electric
Products
Distillers
National
Lead
National Money
National Steel
&
6%
.
57i9
•
;
'
preferred
of
Northern States
Co.
9-30
10-15
9-30
11-
1
1
11- 1
10-16
preferred
11-10
10-20
79 -preferred
Southern Canada
Northern States
Power Co.
i
11-
1
10-15
1
10-16
preferred (quar.)*
Southern New England Telephone
(Minn.)
6%.
United
Oliver
Filters,
10-
4
;
10-16
9-27
11-.1
9-30
11-
1
9-30
10-16
9-27
10-16
9-30
10-16
9-30
12-31
12-15
75c
10-16
25c
1046
10-
50c.
1141
10-21
Works Inc.
Stanley
Phosphate & Acid
(irregular)*
—*_**:
5%
Works,
Ottawa
Aircraft, Ltd., common——,
Electric (quar.)j.—*
$ 20c
iP-'5
9-15
50c
10-16
9-29*
Lighting Corp., $5 pfd. (quar.)——*
Pacific Portland Cement, 6% % pfd, (accum.)
$1.25
10-16
9-30
10-27
10-20
Struthers
Wells,
9-30
Suburban
9-30
&
&
Pacific
•
$1
Tel., 6% preferred (quar.)—
Packer Corp. (quar.)
**——*',
Panama Coca-Cola
Bottling——— — :
$1,50
10-14
25C
.10-16
50c
10-15
9-30
4% preferred (quar.)—,***"'
Enterprises Consol., Inc.—
$1
10-14
10-2
Pacific
Tel.
Paraffine
Patino
&
Cos.,
Mines
American
&
shares
*—
Paymaster Consolidated Mines,
75c
10-10
Telephone,
$1.40 class A
$1.40
class
PennmaiVs
6 %
A
Ltd.,
preferred
common
(quar.)
(quar.).:
common
(quar.):
*
——
*.
&
(quar.)
Corp.
*—
preferred
10-25.
10-14
9-30
11-1
10-10
10-29
9-28
—***1
4.4% pfd.
Philadelphia National Insurance
11-15
+75c
$1.23
$1
12- 9
12-15
11-
4
2-15-45
2-5-45
11-15
10-16
1U
1
10-
11-
1
10-14
10-14
9-21
2-
—
;
2nd
$4
Glow
Sun
Canada,
preferred
4y2%
*
1-29-45
12-29
10-25
9-25
11-
9-30*
Westvaco
1
$1.25
(quar.)*
(stock dividend)
(quar.)*
9-30
Thew
9-30
—
10-25
*
Philadelphia & Trenton RR. (quar.)
Philip Morris.
See "Morris (Philip)
Philip-Jones Corp., 7% preferred (accum.)**
$3.60
pfd.
Co., $5 pfd.
(quar.)
10-
2
1
$1.50
11-
1
10-
■11-
1
10-10
10-14
9-22
Trinity
50C
10-21
9-30
50c
10-21
9-30
40c
10-21
9-30
$2.50
10-10
9-30
$3.50
11- 1
10-20
Universal
Insurance
La Salle St. Corp.
$4.50
Co.
preferred
(quar.)*—**
$5 preferred
Union Oil
United
$1%
Co,
of
class
A
50c
10-16
*
9-15
9-22
1
10-
1
11-
$$1.25
5% preferred,**—
:*_
(quar.) __—*———__*
$$2.50
6% pfd. (quar.)**
472% pfd. (quar.)
11-
$1.12%
Co.,
10-10
7
10-
10-16
1$1.75
2
1
10-16
12-30
11-15
11-
10-16
11-
$1.50
$1
11- 1
10-16
11-15
$1.50
10-31
10-16
$1.12%
10-15
9-30
12-
Hosiery
Wisconsin Electric
Power,
10-15
9-20
Wood
10-15
9-20
10-14
9-30
10-14
9-30
$1.50
(accum.) _*—_*—*
Woodall Industries, Inc.
(irreg.)
:
Yosemite Park & CUrry Co. (irregular)—'
(Alexander
7%
&
James)—
10-16
9-20
Ltd., common (quar.)
preferred (quar.)
*
5% preferred (initial' quar.)__*_——
6%
i;l 10-14
11-
$$1.75
9-30
15c
10-16
50c
10-10
9-30
$20c
11-1
10-15
$37 %C
11-
1
10-15
$3174C
11-
1
10-14
12-15
12- 8
*
Zion's
1
,
preferred
1st
Co-operative Mercantile Ihstitution—
Quarterly
—.—
**__—
75c
*
10-10
Jamaica Income tax
•Transfer books not closed for this dividend.
30%
XLess
$ Payable
^Payable
in U. S. funds, less 15% Canadian non-residents' tax.
in Canadian funds, tax deductible at the source.
Non¬
15%: resident tax. 7%.
a Less British income tax.
resident tax.
9-30
11-
1
10-16
11-
1
10-16
10-16
9-30
10-20
10-5
10-10
9-21
$l0c
10-10
9-21
5c
10-14
Auction Sales
9-30
$31 Tic
$l0c
9r30
Transacted
by
Philadelphia, on
Lofland,
&
Barnes
Wednesday, Oct. 4:
BOND
.
..
Wm. B. Hackenburg, B. .& L.
$1,466.67
partic. ctf
12-
5
11-
1
150
9-30
50
Thomas L.
Jasper Building & Loan Association**——*—**—
Christian A. Fisher, B. & L. Assoc. ser. 9, $535 pd. in.
12-30
12-15
11-
1
10-
11-
1
10-6
5
G.
F.
11-
11-
1
10-16
10-14
9-30
10%
$1.12%
12-15
10-10
50c
25c
10-20
10-
3
10-16
10-
5
50c
12-
30c
30c
*
*
common
capital*.
4
1
11-15
10-16
$ per share
STOCKS
Shares
& New York Street
1,787
Boston Worcester
2,425
Boston Worcester & New
($50 par)
ferred
11-
1
1
9-18
10-10
1
9-18
11-
36
8-19
9-25
10-
$3 lob
day, Oct. 4:
($50
par)—,—
*:
Ry. Co., pre¬
—*
73
Athenaeum
($100 par)—
$16 lob
—
301
($300 par)—
Atlantic National Bank, Boston ($10 par); 30 Detroit
Harbor Terminals Inc., common; 170 Everett Mills,
20-General Investment Corp.,
warrants to purchase 2-Public Utility
Corporation; 400 Hudson Motor Co. of
Lawrence;
600 Investment Trust Securities Corp.,,
common;
25 Kolster Radio Corp.,
common;
400
Lawrence Motor Mart, Inc.;
62 E. W. Pitman Co.
common;
Holding
10-31
1
Boston
17%
*
common
warrants to purchase
2
11-15
Calcibrite Corp.,
35
*»—•
York Street Ry. Co., common
-
10-15
$4 lob
Co., Boston, on Wednes¬
•
11-27
12-
5
40
preferred—
Leedom Company,
Transacted by R. L. Day &
11-24
11-
1
Vogt & Sons,
6
11-15
$3c
$1.25
$1.25
$3 lot
$ per share
STOCKS
Shares
...
—-**
12-15
($100 par); 400 Wills Motor Co., Inc.;
10-10
9-25
11-22
10-20
10-14
10-
and sub.
11-15
11-10
i
$10,000 Albert
Pick & Co.,
$1.50
25c
deb. 6s, Jan. 1, 1936, coupon July, 1931
$10,000 Canadian Rail & Harbour Terminals, Ltd., 1st mtg. 6%s, March 1, 1951, coupon
March, 1934 and sub. on; $10,000 Great Lakes De¬
troit Terminal Co.,
1st mtg. 5s, December, 1980,
7
1-20
$5
$$1.75
2-2-45
10-14
9-29
1-2-45
10-20
11-15
10-31
11-15
10-31
25C
11-10
10-10
$37c
11-15
10-14
on;
paid-coupon, August, 1934, and sub.
Lockwood Greene & Co., 7s, March,
1929, and sub. on; $48,500 Old
Hampshire, InG., 4%s, May, 1930, series A, coupon
May, 1929, and sub. on
*___—v—
Lynn Realty Trust, common ($50 par)
—stamped
on;
(quar.)
11-
11-15
•
part
$20,000
M933, Coupon March,
21
Ltd.—
(quar.)
9-15
10-15
$6 preferred
Winnipeg Electric,
$1.12%
$1.25
*
California
Corporations,
10-20
10-15
$$1.75
12-
2
Missouri—
(quar.)*
of
1
J75c
37 %c
—
(quar.)*,
7% pfd. (quar.)—*'
(quar.)
preferred
Co.,
9-25
Products—•
Chlorine
Water
9-25
10-14
1
11-1
$12.70
common
preferred
7%
11-
10-
50c
(quar.)*
(quar.)**—
(quar,)
11-15
1
-r
(quar,)*—.
(quar.)
preferred
Ltd.,
$lc
.
& Bennington RR. (s-a)*
Tuckett Tobacco Co. Ltd., 7% pfd.
Union Electric
1
12-
75c
Stores—,
50c
(quar.)**
Troy
So.
2
11-
10-16
10-16
$2.50
(s-a)
Shovel Co., common**
Gold Mines Ltd—*:
Towle.Manufacturing
10-
11-15
(quar.)
(special)
Grocers,
$4.50
10-16
90c
Toburn
208
*
Manufacturing,
Thermatomic Carbon
9-30
convertible
Wichita
.9-30
$1
Taylor-Wharton Iron & Steel Co—***
Texas Water, 6% non-cum; preferred (quar.)
10-16
preferred
9-30
1
3174C
(quar.)
of California (quar.)—*
Superheater Company (quar.)
Syracuse Transit Corp,, common (irregular)
Sylvanite Gold Mines (quar.)
*
Tacony-Palmyra Bridge, 5% pfd. (quar.)
5% preferred (quar.)—
1045
6%
Western
10-14
I272c
preferred
class A preferred
Thatcher
:
Manufacturing
Department
Western
11-15
11-
$75c
4—
(accum.)
Industries
West Point
10-20
""1-16
$1.25
$75c
*
4__
(quar.)
preferred
11-15
27
(quar.)*
common
Oil Co., common
Sun
10-15
30c
(s-a)
participating preferred (s-a)__
for partic. preferred
(s-a)
7%
50C
$1.10
—
(quar.)**
V.t.c.
Common
'
15c
.__—_*
Philadelphia Transportation Co.—
$1
■
of
11-15
1
10-19
43%c
(quar.)
Western Union Telegraph Co., class A
Weston (George), Ltd., 5%- preferred (quar.)
5
Corp.—
(quar.)
preferred
Co.
$2
*
(s-ai*
5%
$2c
(quar.)
(interim)
Philadelphia Co., common (irregular)
69
1-1-45
4S1.50
;
Gas, Ltd.
Philadelphia Electric,
1-9-45
50c
35C
35C
(quar.)_„
Power, $5 preferred (quar.)**
Peoples Gas Light & Coke*;
.—*—*,
:**
Petrol Oil
10- 3
Corp.
Stecher-Traung Lithograph
Steel
preferred (quar.)**—*
West Penn Power, 47a% preferred (quar.)—
47;2% preferred (quar.)
———
11-25
$1
Super Mold Corp.
Pennsylvania
Peoples Telephone
Pepsi-Cola Co.
5
Ltd,—
Jlc
Peninsular
10-
Investment
St.
State
1
12-
25C
% preferred (quar.) ——————
Perm Electric, 7% preferred (quar.)**
$1
„
Electric. Securities—
Car
Pacific Gas
»_■—/,
—*
conv.
12-
$1.25
10-19
1145
9-30
(quar.)***/
common
(quar;)
$2.50
12%c
10-16
10-16
13-1
Products,
10-25
10-16
25c
10-16
f70c
Steel
preferred
10-25
11-10
$1.12%
3iy4C
10-16
H-15
pfd. (accum.)
79
11-10
$1.12%
(quar.)—__
1145
Ltd., 70c
■
$1.25
10-20*;
(Boston, Mass.)
preferred
$25c
t$1.75
Orange1 Crush
Ontario
10-16
10-14
1
Wholesale
Standard
2,.
1
11-. 1
<
Participating conv. preferred (interim)
Standard Radio, Ltd., Class A (quar.)*:
Class B (quarj********—**—**—****__*.
Standard Tube, class B'-(irreg.)*
;
9-19
1
11-
37 %c
Washington Railway & Electric—
5 % preferred
(s-a) _*—i—***—
5% preferred
(quar.)*******—**_*______
Wentworth Manufacturing Co., common
$1 convertible preferred
(<$uar,_
West Michigan Steel Foundry
$1.75 convertible preferred (quar.)
_t_*:
10-
■
12-13
11-
62 %c
11-
4
12-30
10-16
33%c
$1.12%
**,
'
7-16
10-10
10-15
$1.20
Co.
Insurance
1-45
10-19
4
7V2c
(quar.)
10-10
$$1.50
*
.
9-30
preferred
4-16
1-45
10-20
1
10-
10-14
$1.75
11-15
10-
$1.25
5-
37% c 8-
11-
10-3
—
;
11-15
10-14
9-30.,
37 %c
!
preferred
1
$1.50
10-6
9-30
1-15
$1.75
10-14
10-20
10-16
17 %C
10-13
10-20
f
12-
1
1-45
2-
6%
1046
9-30
9
11-
37 %c
7
$1
10-11
12-
$1.75
3772c
2
West
75c
75c
$1
;
$1,25
$1.06Va
Standard. Oil Co, (Ohio), 5% pfd.: (quar.)**
$1.25
4]/4% preferred (quar.)
*—***_*_
$1.0674
Standard Pavings & Materials, Ltd,-*-
10-31
10-.5
10-10
10c
10-25
10-16
10-20
Sparks-Withington Co., common
9-30
10-2
25c
'
of America
10-20*
Spicer Manufacturing Corp., common*****
$3 preferred (quar:)***—
—*
Spring Valley, Ltd, (liquidating)—**_
Squibb (E. R.) & Sons, $5 pfd. A (quar.)^*
$4.25 preferred B
(quar.)****
10-25
10-16
1
10-20
10-20
10-
27c
1
10-11
Life
10-16
11-
11-10
10-13
..
11-15
$1.25
10-14
37y2c
34%c
37y2c
37y2c
10-10
1
11-
10-20
$1.1272
(quar.)—,
class A (quar.)**—
10-14
35c
$1.50
Shares
5
$1.51
9-30
J$1.50
(irregular)*————-
Trust
5
10-
(quar.)—
(Dallas)—
10-16
$1.31%
(quar.).**
preferred
participating
4.8%
Old Colony Trust .Associates—
series
5
10-
10-15
Quarterly—_—*___—*—
_***
Spalding (A. G.) & Bros., 1st preferred****
1
10-14
11-
J 6c
$5 preferred (quar.)
——*——*——*
Nu-Enamel
Corp.
(quar.)**——.—****—_
10-
10-16
12-23
1
12-
*,
Southern Indiana Gas & Electric^-
11-
$1.75
••
10-16
10-20
1-20-45
11-
Zellcrs,
11-22
$i.37y2
$1.50
—,
10-10
10-30
1-2-45
$1
(quar.)
*
Vulcan Detinning, 7% preferred (quar.)*
Warren Brothers Co., $1.35 Class A (quar.)
$2.50 Class B
(quar.)
_*_—**—;
1*
Washington Gas Light, common (quar.)*—
$5 preferred
(quar.)
*
Power—
10-
9
2
iquar.)
preferred A (quar.)
5%
Wisconsin Gas & Electric,
*
Southwestern
—
10-20
10-16
$1.75
preferred (quar.)
preferred
(quar.)
6%
50c
12-
—
(accum.)*,
(accum.)
11-
Winstead
—
10-16
371/2C
—
6V0
California Edison—
25C
(quar.)*——,
10-16
6%
50c
*
25C
——
12-21
10-16
$1.12y2
*
original preferred (quar.)
preferred series C (quar.)**
;*_*
Southern California Gas, pfd. A (quar.)*** :
6%
preferred (quar.)——
'
9-30
$1.25
(Del.)
6%
1st
(quar.).—*
(increased
5%
9-30
$1.75
iquar.)—.
10-10
1
Wilson &
25c
(quar.)——.
New Hampshire
(quar.)
Power
preferred
Extra
Corp.—
10-20
1
11-
10-18
1-30-45
,
(resumed)
Vapor Car Heating, 7% preferred (quar,)
Virginian Railway, 6% preferred (quar.)**
12-30
9-29
1
10-31
11-
10c
62 %c
■
(quar.)
Corp.
2
10c
—
41c
(irregular).
5-26
10-14
$1
430c
(interim)
Ltd.
5y2%
75c
Vanadium
Pittsburgh Water Co.—
Southern
prior pfd.
(J.
6%
*
(Quebec),
6-11-45
50c
$3c
(quar.)—:
Ltd.—
3-12-45
2-26
17 %c
$22c
**1^—
11-27
40c
$15c
(quar.)
quar.)
10-21
68%c
11-
12-11
'
common
B.),
preferred B
5%
Greyhound Lines, Inc.—
2
9-25
$1
*
,
Co.
10-
10-16
10-10
7-
—_
50c
_*
Common
.
1
' 7-16-45
40c
$30c
(interim)
Mines
472%
10-16
11-
preferred
10-10
Simpson's Ltd., 6y2% preferred (accum.)__4$3.627s
Sinclair Oil Corp.
(quar.) **.-.——*****—***,,:
20c
Smith (Howard) Paper Mills, 6% pfd. (quar.)
$$1.50
10-16
1
of Canada,
Co.
Silbak Premier Mines
10-16
11-
11-
Co.,
Sciver
1
50c
$5
$1
$1,1274
Interim
10-14
10-16
$1.50
Sigma
9
1
11-
$1.25
preferred (quar.)
common*
r
Ohio Match
10-
Common
South
-
:
1
10-18
$1.62i/2
■5 % % preferred
;
6'7 preferred _—_**—:—
7 % preferred —*————*—*—***,—;;;
Northern Ontario Power Co., common**——
6%
.11-
11-15
Van
377ac
——•
Sherwin-Williams
-
1
20c
25c
(quar.)
—
Storage
Creek Gold Mines
Sheep
1U
435c
:_*—*—
*
10- 2
Public Service Co,-—
Indiana
(quar.)*
Co
10-10
1
preferred (quar.).*—
Northern RR.
Surety
10-15
9-15
11-15
10-20
$$1.75
4'.75c
$1.25
:
Knitting, 5C
Raalte
2
1-
4-2
:*_
(resumed!
*
2
: 1-15-45
< 1-16-45
common*—*——*
Products
Radio
1st
425c
*,.••
—,
(quar.)——
Shawinfgan Water & Power
$1
pfd. A (quar.)
(s-a)
Gas
preferred
10-16
L
Pictures,
Common
,
25c
25c
(accum.)—;
Southeastern
convertible preferred
$1.50
,
Northern
$4.50
7*
Assn.
$4 preferred
Security
(quar.)—
Corp
Illinois Corp.,
Loan
Corp.—
preferred
conv,
10-
1.
25c
Insurance
Shore
A.),
10-20
pfd, (quar.)—: $1.18%
held)*————
share
Distillers
(D.
10-21
$1
—
River
9-30
of a share of capital
(Va
Western Ry„ adj.
North
10-20
Industries
each
North
Scott Paper Co.,
133%c
preferred (accum.)
—————
preferred (accum.)
,
Penn Gas Co., $7 prior pfd. iquar.I
Northern
9-30
Francisco
25c
BVife
North
10-20
—
Light
Edison
North American Investment
•
Schulte
11-
(quar.)
Ltd.
Co.
425c
$1.20 preferred
Ltd. (quar.)*——
5Va ^ preferred (quar.) —
Telephone (quar,)———
Stock dividend
Noma Electric
<
San
Schenley
9-30
1
Mills
Remedial
10-16*
10-20
10-16
15c
Corp.
Gas &
Noblitt-Sparks
&
2
10-30
$1.50
'
Norfolk
11-
10-
(accum.)*.
preferred
conv,
Flour
Seaboard
Newport News Shipbuilding & Dry Dock—
'•
$5 preferred (quar.)—*—*———
for
10- 4
.
$4.50
preferred (quar.)
St. Lawrence Paper Mills,..6% pfd. (accum.)
San Diego Gas & Electric, common (quar.)*"
5%
preferred (quar.)
•
35c
Castings—-
Steel
Newberry (J. J.) Realty, 6%%.
6% preferred B (quar.)
stock
1
10-16
A
Lawrence
35c
Corp.,
Car
New Brunswick
t
11-
10-20
1
25c
>
7%
,
11-
Corp.—
2c
—
Co.,
Bedford
10-13
Class
—————*—*
tquar.).—*
Co.
Paper
20c
(quar.)—————
Naumkeag Steam Cotton
Neisrier Brothers, Inc., 4%%
New
1
4%
St.
2
Co.—
Malleable
National Tea
11-
50C.
*
preferred class B (quar.)—*———
.
National
9-30
12V2C.
—*
iquar.)
Class B
.
National
10-
10-15
(quar,)*
(reduced quarterly)
National Funding, class A
u:
(quar.)
Welding Machine
National Fuel Gas
9-
10-16
50c
—
class A (quar.)
.
National Department Stores, common (quar.)
Lawrence
8*
10-14
30c
Croix
St.
■
35c
:
National" City Lines,
National
./
St.
15c
:
common——
(Cleveland)
Bank
___—Typewriter Co., common
preferred (quar.)——,
Inc.
7%
Universal
15c
$1.75
—*—**u.
Russek's Fifth Avenue,
.
2
9-15
10-
$1.25
conv.
$1
Extra.
25c
Bond & Share Corp. (quar.)—
Cash Register (quar.)
National
.
Royal
preferred (quar.
Co. —--—
National Bearing
60c
(quar.)———__*
Co.
11-
Van
9-30
Button
1
10-16
50c
(quar.)
Nashua Manufacturing, common
(irreg.)—
National Automotive Fibres, Inc.—
12-
9-30
9-30
10-16
$1.25
preferred (quar.)——
Universal Leaf Tobacco, common (quar.).
70c
10-16
15c
—
6% preferred
Mutual System
10-21
10-21,.
9-30
$1.50
(quar,)—**.—*—.—
Mutual Investment Fund
1
A
10-16*
10-14
$1.25
A (quar.)_*_*_______
Corp,—
11-
10-14
9-30
11-
preferred
United Stockyards
ll-'l
10-16
10-16
6.4%
9-29
6-16
40c
(quar.)—i
(quar.)_____**
A
6.4%
9-21
10-11
10-10
87 %c
**,_
preferred
preferred
30c
12-28
$1.50
of America—
Co.
10-12
6.4%
Utica
10c
***—„__-:;■
9-30
(quar.)---r-i—"
& Tel.
Tel.
:
9-30
10-20
1
.11-9
10-16
10-16
10-14
25c
*
(quar.)*.
Sugar, $5 preferred (quar,)*..*—_**
preferred (quar.)*——,_*—*——*__*—
preferred (quar,)—
_**___*
preferred (qpar.)__**—
—
11-1
_—*
10-20
12-
(reduced)
preferred
S.
Utah
$1.25
37J/aC
11-15
7%
U.
,
(quar.)*.
**L__*
Manufacturing Co. (111.),( common).
12-21
11-15
3
37 V2C
(quar.)———--
Chemical
Mutual
3
12-
62V2C
Power, 5"h preferred (quar,).
States
Mountain
12-
lc
Mountain States
5c
50c
.
Engineering—
&
1
$5
6% pfd. A (quar.)
15c
6% preferred B (quar,)——
15c
Republic Petroleum Co., Com. (resumedi__—
3c
5Vi'/o preferred A (quar.)
68%c
Revere Copper & Brass Inc., 5Va'Zc pfd. (quar.)
$1.3174
7%
preferred (quar.)———*_—*__**,1 ;
$1.75
Reyiner '& Brothers, common (irregular) ___
12V2c
Rheem Manufacturing, 5% pfd. (quar.)
31 Tic
6% preferred iquar.)
—*_—!
37V2c
>
*
Common
10-25
Republic Investors Fund,
lc
Quarterly
Reliance
10-16
1
Electric
9-30
10-16
20c
—
$5 convertible preferred
Developm't Co.—
Mount Diablo Oil Mining &
Pipe &
Corp.—
Co.
*
A.), $2 preferred
Reliance
2
10-10
S.
11-25
Regent Knitting Mills, $1.60 preferred (quar.)
40c
Common (interim) ;.*—*—425c
10-16
1
10-20
*
S.
11-
A—.*—
4
11-29*
30c
'
(quar.)*****i._*
Jersey RR. & Canal Co.
5%% pfd. (quar.)
Industrial Chemicals (quar.)*——.
11-29
(C.
Morris
9-22
10-16
$1.50
(quar.)_v—.
6% preferred
Co. (quar.)
*
Oats Co.,
Reed
10-14
10-16*
1
*
9-15
11-15
*——:—
10-14
1
11-
12-20
;
—
U,
10-14
Pump
10-28
11-
25c
40c
;
—
U.
50c
Reda
10-28
25c
Foundry, common (quar.)*.
U. S. Plywood Corp., common (quar.)—___*
U. S. Smelting, Refining & Mining-
preferred (quar,)—.
preferred (quar.)*
5% preferred
J.—
9-15
50c
Morrell
10-20
U, S. Hoffmann Machinery,
9-30
50c
class A
Loan Society,
Monroe
I
10-16
10-15
7
11-
11-1
Rapid
10-
9-20
68 %c
United New
preferred (quar.)
Railroad Employees Corp., 80c pfd.
10-16
10-10
10-16
10-31
5c,
$2.50
1
?48c
!
,——
(quar.)
11-
-1200
Montreal'Telegraph Co. (quar.)
3-16
7-2-45
50c
5873C
6%
8
12-16
4-2-45
$1.25
5%
5'/o
Electrotype (quar.)37y2c
Reading Co., 2nd preferred (quar.)**—***—
50c
Common
(quar.)
25c
9-
10-16
50c
1-2-45
$1.25
41 %c
Quebec Power
Radio-Keith-Orpheum
11-10
11-
$2
$1.50
11-10
12.
$1.25
10-16
50c
United Merchants & Manufacturers—
50c
Quaker
2
12- "1
$2.25
$2.25
(s-a)_*
:—*.
(s-a)
:
Montana Power Co., $6 preferred
(quar.)**
Montgomery Ward, common (quar.) —
Montreal Light Heat & Power ConsolidatedB
10-
10-16
$1.75
12-15
11-15
10-5
*
11-15
1-2-45
53c
12-15
1
—*
1
1-2-45
5
6%
10-14
11-
$1,50
.50c
—•—«—
10-16
12-
530
1
11-
Corp. of N.
Service
12-15
1
12-
10-15
preferred (monthly)
preferred (monthly)
Fuget Sound Power & Light Co.—
$5 prior preferred (quar.)
Putnam (George) Fund of Boston**
11-15
1-
53C
50c
3
of Colorado—
,
1
12-
1-2-45
5873c
*
1
$1.25
(quar.)—„***
10-
3
9-21
10-16
11-
10-5
11-
10-16
50c
9-22*
10-14
10-17
#
1
11-
58 %c
*
—
6%
(quar.)--.—...-—™-—.-.-™™-,:
Monsanto Chemical, $4.50 pfd, A (s-a)*—
preferred
,.$4 preferred C
50c
2
9-15
10-
preferred (monthly)
preferred (monthly)—
preferred 1 monthly!
6%
1
10-14
58730
%, prior preferred (monthly
—
prior preferred (monthly)*
prior preferred (monthly)*
6.36% prior preferred (monthly)**
6.36% prior preferred (monthly)
6% prior preferred (monthly)*—*.
6% prior preferred (monthly)
6% prior preferred (monthly)
10-15
Service Co.
5%
11-22
15c
preferred
$4,su
10-11*
12-1
1
11-
7%
10-15
Co.,
(irregular)
A
preferred
Public
10-27'
$1
.
Mississippi Power & Light, $6 1st pfd, (quar.)
Monongahela Valley Water Co.—
5 Vo
10-10
1
3c
Co.—
(quar,)-.--*™---;—*%,
convertible
Class A
Class
11-
$1
6.36%
2
10-
10-15
10-14
$5c
preferred
prior
25c
Gamble,
Prosperity
4
11-
25c
(quar.)*_—_**— '
pfd. (quar.)**
Mines
Dome
10c
(Del.)—,
(monthly)
8%
$2
Ltd. (interim)*—$5c
Class A (irregular)——
25c
&
Proctor
10-14
$20c
& Supply (irregular)——
8% preferred (accum.)*—;
Piping
Miller
10-
1
$1.50
——
..
11-
East
10-17
—
7
9-20
10-
10-15
.
Proprietary Mines,
4
12-
10-15
$1
15c
.
Copper
1
partic.
E.)
Extra
Preston
10-20
20c
35c
(quar.)———*—*——
McLellan Stores Co., common. (quar.)*—-,_*.
6%
preferred (quar.)*———*
._■%—*—V
Mercury Mills Ltd.., (initial*L
Midwest
1
Publishing**_———;
&
Mid-West
11-
$1.25
preferred
Miami
9-30
10-20
10-14
W1.50
<G.
1
United Light & Railways Co.
9-20
10-16
10-16
(quar.)—
preferred
let preferred
Holders
11-
$1.18%
—
—...
7%
t75c
non-cum.
Prentice
11-30
43 %C
—
of Rec,
When
15c.
(quar.)
A
Class B
(quar.)
United Drug Co., $4,75 (quar.)*
United Fruit Co. (increased).
2.
10-
10-16
(quar.)—
*—
t$1.50
Manufacturing, common—*
50c
———*—**———50c
6%
10-14
10-
preferred—
$5
2
Corp. of Canada—
6%
11-
$1.75
.
& Tool. Class
United Drill
9-30
15c
$1.25
Employees stock
Portland Gas Light,
25c
McKesson
10-
Pittsburgh
9-29
■
1st preferredr
McClatchy Newspaper,: 7% pfd. (quar.) —
McColl-Frontenac Oil, 6%, pfd.
iquar.)
McCrory Stores Corp., 5% • preferred (quar.)
McGraw-Hill
10-21
9-30
10-20
7%
Cash Register,
10c
10-15
10-16
McCall Corporation
McCaskey
12VaC
10-31
———
Payable
Per
10-10
20c
(accum.)*—
(increased quarterly)—*'
preferred
Aircraft (initial)—
Screw & Bolt Corp
Piper
10-25
20 c
—*
Trust*——■
Investors
When
37V2C
——,*_'*;
Maryland Drydock Co., common (quar,)
Massachusetts
Share
Name 0} Company
of Rec.
Holders
Per
Holders
When
Payable
Share
Name of Company
of Rec.
Payable
Per
1563
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4323
160
786
Gillesnie
Rogers
Ryatt
Co.,
common—*
$300
$5 lot
27a
_
Monday, October 9, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1564
of bend interest would be removed,
lease rentals which now rank ahead
Foreign Exchange Rales
to the I requirements
Pursuant
EXCHANGE
RATES
rate for cable transfers in the different countries of the
SEPT.
TO OCT.
29
.297733*
>1
Free
■
I,
.297733*
.251247°
.251247*
'
.060602*
.051803*
Official——
.060602*
.051803*
3.228000
Net
.901090
.051803*
.051803*
.051803*
Gross
•,
,
-
.898046
,572766*
Colombia, peso
England, pound sterling—,
.909090
.909090
.898046
.898125
.899062
—V.
,572766*
,572766*
.572766*
<
4.035000
4.035000
4.035000
—
.909090
.897142
'
4.035000
.301215
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.205820
,909090
,90°090
.909090
•9090n0
.909090
.909090
Net
Official——
;
.896666
Net
ry.
'
.894583
.895208
.894583
.895416
+ 3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
Free.
—
.895625
3.244203
3.980000
Uruguay, peso—
Controlled
3.244203
3.980000
•
„
pound.;
Union of South Africa,
439,438
315,987
419,347
322,373
221,654
—Earnings—
1943
1944
railway——• $11,591,610 $11,229,876
1,102,832
income-
oper.
5,783,980
4,999,947
railway
2,307,187
,
.541850*
Net ry.
income
oper,
160.
88,044,446
46,470,460
10,664,586
railway——
from
—V.
89,688,019
40,098,061
railway—_
from
Net
.541850*
.541850*
.541850*
.541850*
.541850*
1119.
1941
1942
•
$9,153,712
4,610,261
2,156,954
$5,523,503.
2,178,349
1,404,571
60,529,230
27,361,195
12,849,382
37,475,229
12,652,853
From Jan. 1—
.658300*
.658300*
*658300*
.658300*
.658300*
509,559
income—2
p.
from
Gross
.658300*
Knnrnnt^nlled
659,015
3.980000
-
—
1,395,985
791.783
August—
Gross
Newfoundland, dollar-
New Zealand, pound
1,627,383
from
,
.
889,553
railway..__
160.
.301215
rupee
29,286
railway.—
Texas & New Orleans RR.
.205820
India (British)
Mexico i peso
42,065
.
,
1,143,715
oper,
ry.
$134,796
58,935
50.953
$132,726
.572766*
.572766*
4.035000
4.035000
75,826
from
from
Net
$176,684
81,229
60,902
108,897
income.—
oper.
1941
1942
1943
1944
$219,928
railway—
from
.909090
.909090
.897421
1335.
Ry—Earnings—
railway.,.
from
From Jan. 1—
.060602*
.060602*
Net
Official
Free
.251247*
Gross
Net ry.
.051803*
:
Texas Mexican
-
...
approved a merger agreement with
which the latter is merged with and
which becomes the surviving corpora¬
160, p. 1233).—V. 160, p.
August-—
.297733*
3.228000
.060602*
.060602*
1
Canada, dollar—
Producing Co.,
$
1
.251247*
3.228000
,
'
1
.297733*
.251247*
3.228000
3.228000
3.228000
Brazil, cruzeiro—
(
.297733*
.297733*
.251247*
,_
Australia, pound—.——.—
Free.
$
Si
$
$
:
Gulf
Texas
tion, (see details in V,
Oct. 5
Oct. 4
Oct. 3
Oct. 2
Sept. 30
Sept. 29
Official
Co.—Merger Approved—
29
United States Money
in
Value
Argentina, peso-
in New Yofk
Buying Rate for Cable Transfers
Noon
Sept.
on
& McSweeney Co., under
Snowden
into
Country and Monetary Unit
stockholders
The
1944, INCLUSIVE
amount of refunding
the amount of $6,497,000)
160, p. 1444.
the principal
required to effect the proposed change.—V.
is
Texas Gulf Producing
5,
bondholders.
all
two-thirds of
of
improvement bonds (now outstanding in
and
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
BY FEDERAL
CERTIFIED
vote
of
position
the
improving
Affirmative
the Federal Reserve Bank is now cer¬
of Section 522 of the Tariff Act of 1930,
tifying, daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
FOREIGN
thus
19,549,944
7,782,079
1023.
p.
•Nominal rate.
Statement ef Condition of the 12
Federal
and liabilities of reporting
of the assets
summary
'
'■
.
(+ ) or Decrease
18,141,565
29,000
Redemption fund—F. R. notes..
505,859
27,191
Other cash
260,311
4,199
due from U. 5. Treasury
—
—-—
Total reserves
Industrial loans
—,
6.008
—
55,520
—-
83
+
8,991
————.
—1,756,150
Loans—total
..
Certificates—.————+
Notes—
22,000
+
'
34
+
21
...
377,471
Real estate loans——..
Loans to banks
+ 7,272,963
16,702,156
4-103,609
+ 7,290,301
73.221
8,674
6,010
25,539
73,899
34,467
—*
—
49
3,992
53,165
-
Other assets—'
9
1,713,095
Bank premises,
3,755
822
—
59,584
r
i-5,910,350
Liabilities—
Federal Reserve notes.
Deposits:
'
4-210,106
20,297,090
■
•
Member bank—reserve acct.„,
U. S. Treasurer—gen.
Foreign—
Other.
13,432,723
acct—
—1,245,236
—
...
367,012
_
Total deposits
15,391,616
.
Deferred availability items-
1,316.500
Other liabs,, incl. accrd. divs.—
Total liabilities—
77,735
—
4-
—
—.
17,110
: 2,396
+ 1,529,426
—
''+■
665,733
"
3,307
24,300
—
73,744
+
3)
83
+
—
339
+
1,062
_
w
1,330
+
+
66
58,135
10,757
...
—
7,347
—
....
...
—
19,563
...
—
591
2,962
Reserve with Federal Reserve Banks
9,077
—
Cash in vault—
j
3.
Capital paid in
—
160,224
351
Other capital accounts
4-
I
29
4-2,419
21
4-2,885
',3
—1,285
24
—
83
771
+
24
4*
7
—.
~167
—
Demand
Interbank deposits:
Domestic banks
Foreign banks
Borrowings.^..
Debits
'
to
res.
4-
858
+098-
37,483,975
make
to
4-
59,584
deposit
U.
53.0 a
—
.2%
—.
15.1 %
indus¬
trial loans
4-4,834
4,342
—'
204
86
+
1,385
-+3,617
S.
;
81
——
accounts
Gov't
114
—
11
4*
—
+
113
83
+
20
except
—
6,104
cities
condition statement of weekly reporting member
of the Federal Reserve System in
101 leading
shows
the
following
principal
changes
13,182
Investment News
for
i:
Commercial, industrial, and1 agricultural loans in¬
creased $21,000,000.
Loans to brokers and dealers for
purchasing or carrying securities other than United
States Government
obligations increased $83,000,000.
Loans to others for purchasing or carrying United States
Government
obligations declined $37,000,000 in New
York City and $61,000,000 at all reporting member banks.
Holdings of Treasury bills increased $134,000,000 in
New York City and declined in most of the other dis¬
tricts, including decreases of $82,000,000 in the Chicago
District and $37,000,000 in the Philadelphia District; the
net decrease at all reporting member banks was $18.-
Holdings of Treasury certificates of indebted¬
notes declined $58,000,000 and $29,-
and of Treasury
000,000, respectively.
Demand
deposits adjusted declined $61,000,000 in the
San Francisco
District, $43,000,000 in the Chicago Dis¬
trict, and $87,000,000 at all reporting member banks, and
increased
$47,000,000 in New York City, United States
Government deposits increased in all districts and the
total increase
was
$86,000 000.
Deposits credited to domestic banks declined $39,in New York City, $24,000,000 in the Chicago
000,000
District, $20,000,000 in the San Francisco District, and
$129,000,000 at all reporting member banks.11'
343,440
357,091
*$8,976
$99,339
,$33,569
$263,122
*
'+
'
Co.—Three New Directors-
Gillies Jr., J. D. A. Morrow and Arthur S. Knoizen have
George M.
been
elected
directors.
Co.
and
Mr.
American
Kncizen
the
President
of
the
Adam;)
Express
International
President
are
is
Gillies
Mr,
Manufacturing Co.—V.
the
Corp.,. while Mr. Morrow and
Vice-President, respectively, of the
160, p. 1335.
and
made
for
redemption
Nov.
on
1, next,
for account
$156,000 of outstanding 3 'A % sinking fund de¬
1957, at 102+2 and interest.
Payment will be
the Old Colony Trust Co., trustee, 45 Milk St., Boston, Mass.
sinking
bentures
160,
fund,
June
due
at
—V.
been.called
have
There
of
1.
1233.
p.
Net
$392,741
$352,506
$321,071
$257,345
85,656
73,414
67,981
75.929
27,157
27,435
33,378
45,210
income
oper,
ry.
1941
railway..—.
railway—.
from
from
Net
1942
1943
1944
August—
Gross
from
from
Net
ry.
—-V.
3,354.272
railway-
railway—.
3,087,751
2,5£7.204
955,926
506,410
606,452
295,746
300.973
352,701
of
Association
Vote
Louis—To
St.
on
Change in Subsidiary's Indenture—
This company has
to
assist
the
in
designated Halsey, Stuart & Co., Inc., of Chicago,
solicitation
of
to be voted at a meeting of
mortgage 3%% series B bonds
to be held in New York City,
Oct, 25. 1944.
The purpose of this meeting is to consider a proposal
to change the present indenture definition of a subsidiary so that the
company may issue refunding and improvement bonds foi' the acqui¬
sition of shares of a company if 75%
of the outstanding shares of
such company are acquired instead of the 95% now required.
The stated purpose of the change is to permit the company to effect
the acquisition of the stocks of St. Louis Bridge Co. and Tunnel RR.
holders of
due
Co.
of
l.
St.
change
2019,
return
lease
if
of
the
the
terms,
of
other
the
refunding
from
Thus
and
both
to
the
cost
the
$200,000
charges.
.the lease and to
more
to
receive
they
will
be
will
annually
now
from
the
effect
in
stockholders
same
the
as
savings
its
500-year
corporate
stocks
structure.
the
now
under the
under
corporation
addition, it will enable the
simplify
under
is
give
necessary
company
In
10
on
the company's proposed
plan as a whole.
proposed in the plan that all of the outstanding 115.789
stock held by General Gas & Electric Corp. and
all of the outstanding 23,858 shares of $6 preferred stockshe 11 be
retired and canceled and in exchange therefor there shall be issued
is
It
the
also
shares
of
shares
of
stock
(no
of the present
such new common
holders
of
shares
four
common
new
the
that
provides
receive
common
par).
The plan further
$6 preferred stock shall
stock for each shew? of
including accumulated and unpaid dividends
share at June 30, 1944, and that General
of such new common
stock for its present holdings of all the outstanding common stock.
It is further proposed, in conjunction with the plan, to restate the
plant and property of the company on the basis of estimated original
cost thereof, as at June 30. 194.4. by a write-down in the amount of
$2,796,226;
to reduce the reserve for retirements (depreciation), as
at- the same date, by $633,809, to be credited to earned surplus; to
eliminate
by a charge to earned surplus $501,008 of fixed capital
and other suspense presently being amortized,
and to eliminate the
capital surplus and the resulting earned surplus deficit as at the
stock,
preferred
$6
Electric Corp.
&
shall receive 3+61 shares
1944.
the plan
June 30.
consummation
date.
of
is stated by the company to be de¬
(1) the plan having been found by the SEC to be
necessary
to effectuate the provisions of Section 11 (b) of the Act
and to be fair and equitable to the persons affected thereby and to
have been approved by the Commission and found by a Federal Court
to be fair and equitable and appropriate to effectuate the provisions
of Section 11 of the Act; (2) the change and reclassification of the
existing preferred stock proposed in the plan having become binding
upon the holders of all shares of such stock; (3) necessary authoriza¬
tion having been given for the plan and for the issuance of the new
stock by regulatory commissions, and (4) a ruling having been made
by the appropriate tax authorities to the effect, or the company hav¬
ing otherwise been satisfied, that the changes in and reclassification
of the existing preferred stock into common stock will not result in
the recognition, under the United States Internal Revenue Code,
of
gain or loss to the present holders of such preferred stock.
It is further proposed that the plan shall be carred out by corporate
pendent
upon
or
of the company with a new corporation organized for the
of the plan, or through a Federal Court of competent juris¬
merger
purposes
acting under Section
diction
18 of the Act,
by the SEC at the request of the company,
160.
p.
in a proceeding instituted
pursuant to Section n (e>
said methods.
wholly or in part, in any two or more of
or,
1335,
,
Title Guarantee &
Trust Co., N. Y.—Hearing—
notified that a hearing on the offer of
derivative action known as Baumgold,
will be held on Oct. 30 before Supreme
Court Justice Frank E. Johnson in the Kings County Court Housq in
Brooklyn. N. Y,
The settlement offer provides for the payment to
the Title Guarantee & Trust Co. of $80,000. the defendahts waiving nit
claim
for legal
expenses.
The defendants make the offer without
conceding that they cause the corporation any harm.
Because there are more than 200 pages in the amended complaint
and its answers. Justice Johnson has permitted sending brief sum¬
maries to stockholders and notifying them that complete copies may
be
inspected at the oifices of Unger & Polhmk. counsel fnr the
plaintiffs, at 111 Broadway; at the office of Kenneth M. Spence,
counsel for the defendants, 40 Wall St.. or at the office of C. Elmer
Snedick. counsel for the company, Five Maiden Lane, nil of New
York, N. Y.
Milton Pollack of Unger & Pollack negotiated the settle¬
ment offer.
(New York'"Times.")—V, 1G0, p. 124.
stockholders
etc.,
vs.
in
the
have been
stockholders*
Bailey and
others,
The
acquisition will be
approved, through ex¬
bonds, series C, due July 1,
change
improvement
as
are
company.
indenture
transaction
or
properties
Terminal
and
the
to
but
whose
of
amount
bonds
is
meeting
proposed
in 'principal
lease
rates
This
1974..
Louis,
renewable
effected,
proxies
refunding and improvement
July
Oct.
plan
The
RR.
Co.—Recapitalization Plan—
hearing
recapitalization.
proposes
that all of the outstanding $6,065,500 first
mortgage 5%
bonds of the company, due 1979, shall, by call for
redemption at 104, be paid off and retired from cash in the treasury
and from the proceeds of the issue and sale, for cash, of $4,500,900
new
first mortgage 3+z% bonds to mature in 1974 and 10,000 shares
of hew-no par $5 preferred stock, having an aggregate slated value
of $1,000,000.
It is proposed that the refunding of the outstanding
bonds
together with the issuance of the new bonds and $5 preferred
stock,'.shall be consummated without awaiting approval or enforce¬
The
settlement
Terminal
a
563,280
1119.
p.
hold
1,942,382
879,960
'
income...
oper.
160,
—
1444.
of
plan
—V.
Gross
p.
will
SEC
of the Act,
From Jan, 1—
Net
bus)
proceedings either to amend the certificate of incorporation of the
company, to transfer the assets of the company to a new corporation
organized for the purposes of the plan or to effect the consolidation
Central Ry.—Sarnings-
Tennessee
&
160,
Tide Water rower
The
The
;
.
inc.
net
comb,
Total
1532)
page
'
the
Sept. 27: Decreases of $129,000,000 in hold¬
ings of United States Government obligations, $87,000,000 in demand deposits adjusted, and $129,000,000 in de¬
posits credited to domestic banks.
000,000.
178,243
deductions
same
(Continued from
week ended
ness
171,642
Gas
Sylvania Electric Products, Inc.—Partial Redemption-
Condition Statement of lemher Banks
banks
$620,213
thereon, aggregating $38 per
accounts,
General Generation and
Joy
The
6,113
$377,009
income-
gross
98,893
+
—129
—879
during week
4-5,910,356
deposit &
F. R. note liabilities combined
Commitments
9,267
.——2—
and
87
+' 39
..
Sullivan Machinery
Total liabilities & cap. accts._
Ratio of total
—
7,253
_
8,691
demand
to
interbank
;
35,435
—
—
———————
136
+
6,718
$277,582
oper.
ment'of
deposits-adjusted.—...
27,686
4-
93,884
3,077
$162,665
61
—1,887
4- 2,389
58
2
—
2,120
Time deposits
U. S. Government deposits—
10,051
+
26,965
■
3,380
44
—
—
18
+
582
Balances With domestic banks..,
4-5,871,625
138,097
—.
$159,286
73
—
14
2
—
Obligations guaranteed by U. S. Government
Other securities
;
Surplus (Section 7)__
Surplus (Section 13b)
income..
Total
42
—
1,643
4-
4-
$274,506
$614,099
187,585
—x
...
"Loss.—-V.
40,046
9,599
378.878
$370,291
471
61}
5
+
2,473
——
•
—
32
—
Treasury certificates of indebtedness——.,
841,700
78,293
27,014,805
—
Capital Accounts—
■■
—136,765
.
+4,988,236
.
+■
346,645
380,817
taxes
1
131
10,402
37,483,975
;
$992,977
190,171
Total
Liabilities—
Total assets.
$751,109
(railway
——
—
U. S. bonds..
136
+
618
.——
...
Treasury bills.
—
$464,676
carrying:
obligations.—
Treasury notes—...
Uncollected items
2,296,625
$346,871
Total
287,622
159,046
F. R. notes of other banks
$3,289,502
2,649,425
Total
704
Other securities
4-2,205,340
16,660,305
Due from foreign banks—
$3,400,534
1,145,742
pur¬
819
U. S. Government
4,977,774
+
for
Other securities.........——
2,923
—
dealers
U. S. Government obligations
20,261
Total U. S, Govt, securities
Total loans and securities
$1,610,418
1,321,354
Total non-oper, income-
-f
Other loans
(incl. guar, sec.)—,———
$1,668,224
expenses...
+3,675
agricultural
and
and
4-
1,243,426
$
.+
.
chasing or carrying:
4-1,433,449
4-
brokers
to
—
1,067,371
-
_
—
Bonds
+137,046
10,785,018
3,564,490
./v.'
6,076
industrial,
70,259
Other loans for purchasing or
—
revenue..—
oper.
.9-29-43
93
10,980
—
.
Commercial,
392,960
+
U. S. Govt, securities:
Bills—
S
54,673
*++.
opex',
'
—
Loans
18,907,735
32,860
—-—.—
Discounts and advances
$
Assets—
Loans and investments—total
and
certificates on hand
Total
Total
Total net oper. rev.™
9-20-44
Oct. 6, '43
1944—2 Mos.—1943
1944—Month—1943
Period End. Aug. 31—
9-27-44
(—) Since
Sep. 27, '44
Oct, 4, '44
Properties
See Southern Union Gas Co.
Corp.—Earnings of System-
Third Avenue Transit
■'
;
Increase (+) or
thousands of dollars)
Assets—
'p
•
-
of dollars)
(In millions
Decrease (—) Since
■
Gold
: /■
■
..
Increase
and Sell Bonds Privately,
member banks follows:
Reserve Banks Combined
(In
Co.—To Acquire
Gas
Southeastern
Texas
A
same
held.
present
current
tax
expenses,
taxes,
to
cancel
company
Furthermore,
the
Tishman Realty &
Construction Co.—Subs, to Expand
Corp., a wholly-owned subsidiary, has filed plans
industrial bui'ding on the site of the old St. John's
Park Terminal in New York, N. Y.
It is stated that the building, work
on which
will start as soon as materials and equipment are available,
wi1) contain the largest individual' floor lavouts to be found in any i
The Hudson-Varick
for
a
13-story
multiple-floor structure of this type in
159, p. 2016.
States—V.
the eastern part of the United
Volume
THE
Number 4323
160
$2,300,000;
Toledo Peoria & Western RR.—Earnings—
.August—
1944
\
1943
■
railway—.—
$407,663
$408,339
from railway——
232,378
192,525
230,190
Gross
Net
from-
Net ry,
income—
oper.
Life
1941
1942
203,220
■
$349,637
195,933
162,352
York Life Insurance Co., $7,500,000>; Penn Mutual
$2,500,000; Provident Mutual Life Insurance Co.
$2,000-,000; Prudential Insurance Co. of. America,
Life Assurance Co. of Canada, $3,000,000; Teachers
New
Insurance
Western Pacific RR.—Proposal
Co.,
of
Philadelphia,
$11,000,000; Sun
$263*158
128,309
2Q.859
The
to
Gross
from
Net ry.
—V.
3,558,767
railway-
from
N'et
railway—
2,077,378
income-,—
1,678,917
oper.
160,
1,814,415
3,163,947
1,817,143
1,578,029
Insurance & Annuity Association of
America, $1,000,000, and Travelers
Insurance Co., $5,000,000.—V, 160, p. 1335^
1,826,230
746,600
260,036
668,058
438,842
The
Transcontinental
Western Air,
&
White,
Inc.—Chairman to
The
of
on
V..
Inactive status
in order
p., 1335.
.160,
to
his
resume
'
duties with
Eugene
and
interest, all of the outstanding first mortgage building bonds (Students'
Unions), Nos. 136 to 380, both inclusive, and all of the outstanding
first mortgage Hall of Music bonds, Nos. 80 to. 305, both inclusive, both
1, 1938.'
Payment will be made at the
National Bank at Indianapolis, trustee, Indianapolis;' Ind..
dated
issues
Dec.
Chemicals# Inc.—Extra Dividend—
an
corporation reports no
©f contracts
1943.—V. 160, p. 1025.
(Ariz.) has submitted a bid of $9,000,000 for the
controlled by Federal Light & Traction Co.
The bid made
the city is subject, however, to approvajl of the purchase by the
electorate and to certain accounting adjustments, the amount of which
has not yet, been, agreed .on. between the city and: Federal Light &
the proceeds of the.sale, Federal, it is said, would pay off
From
Tucson
977.
p.
*
■
mortgage 3Vs7o
first
Gas
-
,,
•
..
bonds
//;
,
1966—V.
Of
.■;•
stockholders
mercial
Postal
Net
:
for
made
was
the
fiscal
by the
ended
year
Government
March 31,
Sept.
on
the
159,
■
Postal
Twentieth Century-Fox Film Corp.—Foreign Sub.—
29
Corp.
whereby
its
entire
approved
latter
Meter
the
corporation has announced the organization of a wholly-owned
to be known as the Twentieth Century-Pox International
function will be to take over the foreign distribution
of the parent concern's product, and. with the exception of Canada,
to handle all its foreign operations.—V.
160, p. 1120. ■.
■
affiliated
is
Inc,,
Co.,
with
First
York
Corp.,
Freight revenue n.—
Passenger revenue
Mail
—-
Express
revenue
4,579,132
'4,668,017
.
—-——
elect
Net
3,767,064
3,554,666
1,428,740
1,604,639
3.75,619
460,608
2,652,241
1,094,080
512,315
year,
12,834,563
mon
V.
income,—
Co.—New Vice-Presi¬
Mfg.
&
Subsidiary—
President
of
the
Assistant to
as
from
elevator
since
company
the President
in
and
1936
Vice-'
a
.
charge of the headquarters
aarent company.—'V.
■'
1944
railway*
160, iv 1336.
1942
1941
$2,229,219
$1,988,273
950,958
774,547
371,858
277,666
344,819
17,997,367
15,708,003
5,971,569
1,890,597
13,712,227
5,055,841
2,702,254
947,065
.
income
1
1
1943
$2,311,838
$2,329,660
811,170
raiiway——
oper,
Gross
288,318
•
:
from
Net
ry.
railway
16*685,746
railway—5,928,751
from
Net
,.
income-.1446,
oper,
160, p.
7,433,457
2,191,583
2,554,627
Meeting—
Williams Oil-O-Matic Heating Corp.—New President
meeting
W.
A.
Matheson has been elected President-, succeeding. W. W,
Williams, who has been made Chairman of the board.—-V, 157„ p. 1472.:
Wilson-Jones Co.—Renegotiation of Contracts—
'
,
32,949
1,497,911
343,590163,085
From Jan. 1—
corporate
160. p. 771.
60.378
1026.
from
Net ry.
directors
five
official
4,706,681
14,494,547
—
——
96,431
August—
of the stockholders will be held Oct. 17, 1944,
and to vote upon the annual report and upon
actions of officers and directors during the fiscal
Holders of series A 6.4% convertible preferred stock and com¬
stock of record Sept. 19 are entitled to vote at the meeting.—
annual
The
to
55,954,230
4,923,473
65,773
Spjray's- election followed the retirement of Frank C. Reed who
Gross
Commiteee—
United States Sugar Corp.—Annual
236,303,355 228,172,835
—
44,322
been,
—V.
1943
61,974,288
~,
revenue'—L..
All other revenues
1944
,.
income—
$205,999'
,
Wheeling & Lake Erie Ry. —Earnings—
of
one
.
Union Pacific RR.—Earnings (Including Leased Lines)
8 Months Ended Aug. 31—
197,373
oper.
activities
appointed
holders'
1941
$41.3,505
225,267
manufactVirins division of the
H. Hiland, President of the Interstate Dispatch, Inc., has
Chairman of the advisory committee to the stock¬
protective committee.—Y, 159, p. 2569,
Henry
been
"
*
1942
$470,605
160, p.
Mr.
Corp. group of investment companies.—V. 143, p. 3651.
of Advisory
issuance
President! of the parent company since 1942.
In addition to his new responsibilities, Mr,
Spray will continue his
United States Realty & Improvement Co.—New Chair¬
man
whose
Corp.
the
198,544
from
ry.
has
an
The
subsidiary
with
Spray has been elected Vice-President and General Manager
of the
Westinghouse Electric Elevator Co., a subsidiary, to succeed
George H, Bucher, who was recently elected President.
agreement with Com¬
Will acquire from U. 3.
meters and machines now
inventory
The Equity
proceed
Ellis L.
Controls
Meter
to
1943
railway—$504,765
oper.
dent of
(except
under lease), and its trade-marks and the name U. S. Postal Meter.
Commercial Controls Corp., will in, the future act as agent for the
servicing of the meters and machines of U. S. Postal Meter.
Commercial Controls Corp., which was*: formerly named National
Traction Co.
$3,500,000
Gross
U. S. Postal Meter Corp.—Assets Acquired—
The
the RFC has been.reduced.
court
railway——
Westinghouse Electric
recovery
renegotiation
The city of Tucson
by
the reorganization
of bonds to be
that the amount of
From Jan. 1—
(
The
company,,
of
amount
fact
reorganization plan.
1944
from
from
Net ry.
extra dividend of 25 cents per share
and in each quarter during I943v
Renegotiation—
the
the
the
the
of
Alabama—Earnings—
—V.
in
$.9,000,000 for Property—
by
railway_—_
Net from railway
,
.
;
Western Ry, of
this year,
Eight & Power Co.—City Bids
Gas, Electric
Tucson
the views
that
view
m
160, p. 1446,
and the regular quarterly dividend of 25 cents per share on the com¬
mon
stock, np par value, both payable Nov. 1 to holders of record
Oct. 16.
Similar distributions were made on Feb, 1, May 1 and Aug, 1,
American
,
directed
was
August—
The directors have declared
been called for redemption on Nov. 15, next, at 102
proposed
reduced
securities under
new
Gross
Net
U. S. Industrial
mortgage bonds
.
'
;;
first
new
agreement was also entered providing for the freezing of salaries
of those employed by the Western Pacific receiving more than $400 a
Dodds, President of United States Cold Storage Co.,
has been made Executive Vice, President of the parent
M.
subsidiary,
a
company.—V. 159, p. 2680.
tire company.—
been
be
line with
in
was
had
certificates which are held by
road
the
month.—V.
Trustees of Indiana University—Calls Bonds-^
There have
It
RFC
United States Cold Storage Corp,—Exec. V.-P.—
president, on Sept. 26, announced' that after nearly
three years of foreign service the Chairman of the Board, Brigadier
General Thomas B. Wilson, will toe released by the army and placed
Prye,
of
An
Resume Active Dutiesjack
Upheld—
$10,000,000
Finance
at San Francisco.
trustees'
directors
,
of
sale
authorization
committee.
sold to the
Drew, Vice President and General Manager and. Frederick
President of the Bulkley Dunton Pulp Co., have been elected
to fill the unexpired terms of James Sapp, and Edward C.
resigned.—V. 160, p. 472.
John
Enders,
and
Reconstruction
St. Sure
United Paperboard Co.—New Directors—
1119.
p.
issuance
the
Corporation, as originally provided in
the reorganization plan, was authorized Sept. 25
by Federal Judge A. F.¬
From Jan. 1—-
>
1565
COMMERCIAL & FINANCIAL CHRONICLE
'
revenues
Maintenance of way & structures.
Maintenance of equipment—r—-Traffic
expenses
AU other
90,024,340
14,762,749
42,539,448
4,647,878
expenses
_
United Wall Paper Factories,
41,915,648
50,737,130
3,714,927
76,655,584
44,845,491
57,568,566
———-
Transportation: expenses
————„
The
Net from operations—————
110,514,656 120,684,704
79,396,384
82,945,806
7,479,783
8,194,709
Equipment & joint facility rents—-net charge.
"
Net income
transportation operatdons.
from
Income
from
Income
from
investments
23.638,489
Total
■
income
-
&
other
income
Net
fIncludes
1944
from
33,885,155
24,488,282.
See United Wall Paper Factories, Inc.,
..
Oct, 3 voted to
Inc., it is an¬
United Air Lilies, Inc.—Seeks Expansion—
kan, Juneau, Yakutat and Anchorage, would be 1,850.—V. 160,
1234.
p.
United Aircraft Corp.—Assistant to President—
.„
,
Wisconsin Central Ry.
Period End. Aug. 31—
Total
"■Total
:
Federal income taxes_^„
211.848
Other taxes——
after
of
107,887
taxes
$2,665,862
Brl78,S01
$2,787,373
Dr 3,134
Dr20,162
Br249,251
Or233,425
$175,462
$574,766
$2,237,709
Dr437
Cr4,876
Drl09,489
$2,591,190
Cr32,026
$175,026
$579,642
$2,128,220
11,289
10,823
80,912
$2023,215
90,536
$163,736
$568,819
$2,047,308
$2,532,680
$2,307
$21,800
$20,645.
28,356
226,845
.
•"
Utah Power & Light Co. filed Sept. 29 with the SEC a plan for the
liquidation of its wholly-owned subsidiary, Utah Light & Traction Co.
In exchange for the Traction company's properties and assets, Utah
would forgive its indebtedness
and surrender for cancellation its
entire outstanding stock.
Utah has been operating under a 99-year lease all of the Traction
company's properties, except those connected with the transportation
system.
These were sold on July 13 to the Salt Lake City lines.
The proposed transaction is in compliance With an SEC order under
corporate simplification provisions of the Holding Company Act, the
company said.—V. 159, p. 51.
'
Inc.
avail,
fixed
for
charges
f Fixed charges
Net after fixed
"•Includes
chgs._
amortization of defense projects:
Road
$2,657
.
Henry Mooberry has been appointed Assistant to the President, H. M.
160, p. 1234.
■
.
Equip.'
excess of
deprecia'n)
prop, depree.—
Road
1944
1943
1942
1941
$2,547,918
$2,351,251
$2,186,681
railway.-—
1,088,340
1,082,013
1,057,301
$2,566,169,
1,492.588
income—
595,935
700,792
625,956
AugUStr—,
United
Cigar-Whelan Stores Corp.—Offer Extended—
'
The
privilege
exchange $5 cumulative preferred stock, upon, the
basis of five shares of prior preferred stock plus $2 in cash for each
share of $3 cumulative preferred stock exchanged has been extended,
by action of the board of directors, to Jan. 31, 1945.—V. 160* p. 1120.
to
Gross
rail way
from
Net
from
Net
ry.
oper.
being
Gas
Co.—To
'
•
A
,
joint
Public
y
Natural
United
■
*.'
■
Natural
Fuel
Gas
/
■•
(by merger>• the business
of the following transactions:.
to /acquire
and
property of Warfield by means
(a > United Fuel will; increase its authorized common
stock from
300,000 shares ($1 par) (all of which is owned by Columbia Gas), to
"
310.000
snares ($i par);
.
;
Warfield will pay a cash dividend to Columbia Gas (the holder
Its common stock) in an amount substantially equal to Warfield's earned surplus since Dec. 31. 1937; .
•
• ;./'.
;
.(c) United ' Fuel will i acquire the remaining assets., of, Warfield,
issuing ,in consideration therefor 5,470• shares of its common stock ($1
jiar),, and will assume all the liabilities, obligations and indebtedness
of. Warfield;'
"
t'
i
(d) Warfield will dissolve and distribute the 5,470 shares of common
stock of United Fuel, to Columbia Gas .as a. liquidating-dividend,
Following, the above described transactions,. United Fuel proposes to
change its authorized common stock from 318,000 shares ($1 par) to
,
y (b)
of all
.
,
19,958,174
300,000
($50
Columbia
par)
Gas
in
and'
—V.
issue
exchange
shares of the latter stock to
then outstanding. 305,470 shares
146,00
for
its
railway.^.—'.
160,
income—
17,504,807
17,710,562
17,853,067
8,759,213
8,126,193
8,730,642
9,782,071
4,841.516
_
4,023,793
5,005,767
5,284,248
1120,
p.
Vulcan Detinning
.
Government
The
has
renegotiation
through
Co.—Renegotiation of Contracts—
recovered
of
war
$81,000, less
a
tax credit
of
$72,900
contracts of this company for
in cash.—V, 160, p. 1235.
Judge
Oct.
transfer to its
In
•
common
connection
therewith,1 United Fuel
proposes
to
stock account an amount of $6,994,530/repre-
seating the amount of special capital surplus ($5,916,825) and capital
surplus since Dec. -31. : 1937 ($1,022,1.06) which it is estimated will,
remain in these surplus accounts after the adjustment of the utility
plants of United Fuel and Warfield to original cost.
•I
Upon consummation of these transactions United Fuel will have
outstanding 146,000 shares of common stock having an aggregate par
value of $7„3O0,OOO, $24,025,000 of 6%
debt, all of which stock ana
debt will be heid by Columbia Gas, and; $1,500,000 principal amount
of 4%
.<■
V.
notes
held hv
A hearing on .the
151.
p.
insurance companies.
•
The company
new
first mortgage bonds.,
to he dated Nov.
Waltham Watch Co.—Recapitalization
Vice-President Named—
Within
few
a.
To,
Probable—New
;
weeks, according to present plans, there will be pro¬
'tuf'T
'
•
.
j
'
United Gas Corp.—To Sell Bonds, to Insurance Cos,—
.
The corporation has. filed
an
Purchasers. who will buy
amendment ■vftth the SEC stating that
$1,000,008 and
ance
Insurance
Co,,
$25,000,000;
Co„;-!$.t,Q00,O00;
$4,500,000;
New
over
are
as
follows:
Mutual, Benefit
Mutual. Life Insurance Co, of
England Mutual Life Insurance
Co.
on
ratios not
E.
determined
Boucher,
The
New
as
Aetna
Life,, Insur¬
Neir
of
York,
Boston,
was
pledged by
in
the form of bonds and interest,.
the
holders
road
were
as
security.
Lists of all known, stock
published prior to start of the
ordered
Oct.
30, 1932 ;y$10,000,000 of. 5% ' and $5,816,000 of 4%
bonds due
April l, 1959, on which no interest has been paid since Sept. 30, 1937;,
$246,000 of 4% bonds, due May 1. 1951,. on the Marshfield & Southwester]$ Division mortgage, with interest paid to May 1, 1944. and
$7,000,000 in claims against the road.
The order called for filing by Nov. 15 of a statement of ail assets
as of Sept, 30. together with monthly income reports to be filed within
six weeks of each month's close.—V. 160, p. 1026.
Worthington Pump & Machinery Corp,—Renegotiation
The
1943.
corporation
The total
Federal
less
in
a
in
three
net
As
for
was
B
p.
completed renegotiation of war contracts forthe Government was, $8,822,000,
and
excess profits
taxes of $7,159,772, resulting
by the Government of $1,662,227. This is payable
instalments, the last
the
on
or
before Dec.
15,
1944..
previously
announced figure to $143,809,293.
rehabilitation was reduced by $668,516, and
general contingencies by $1,662,227 to
no change in net profit as reported.
company
6%
the
recovery
post-war
for
has
amount recovered by
income
result of the settlement, gross sales have been cut by $8,822,000,
a
reducing
The
has leased offices in Radio Center at 610 Fifth Ave.,
where the executive and sales departments will be
1235.
mostly
Interference with operation of the line a restraining,
by the: court forbidding sale or' conversion of col¬
issued
as
in default were:
$20,197,000 of _4% bonds
under a general first mortgage due July 1, 1949, with accrued* interest
unpaid Since Dec, 31„ 1937, of $5,500,000; $7,500,000 of 4% Superior &
Duluth
Terminal first mortgage bonds with interest unpaid since
yet,
formerly General Manager, has been named a Vice-
company
Court at Minneapolis signed
to the receiver for,
hearing.
Obligations listed
which will total $18 per share at the end
a
Provision,
provision
There
total of $1,837,772,
also reported it had purchased 50 ,shares of its class
preferred stock, $100 par, from a holder, reducing
- stock
to 817 shares from 867 previously.—V, 160,
cumulative
-outstanding
1121,
York, N. Y.,
located.—V.
160, p.
West Virginia Pulp & Paper
.
$5,500,000; Massachusetts Mutual Life Insurance Co., $4,000,000; Metro¬
Life
may
It is expected that slightly over $4,000,000 of debentures
will be offered to these stockholders^
To the holders of the 24.630 shares of. class A common and' 40,369
shares of class B common stock, the new common stock will be offered
I.
Federal
30
years,
due 1962, will be
Life Insurance Co., $4,000,000; Bankers Life Co., $1,000,000; Connecti¬
cut Mutual Life Insurance Co.,
$1,500,000; Equitable Life Insurance
Co. of Iowa.
$1,000,000; John Hancock Mutual Life Insurance Co.,
politan
35
company
this year.
,
its proposed $100,000,000 first mortgage 3% bonds,
sold to a group of institutional investors at par.
t
the
accrued dividends
$100.
of
in
mature
that
President.
,
.
and will- be subordinate to any bank
in the future contract.
They will be
offered, to holders of the 3,766 shares of 7% prior preferred stock, par
$100,'or the issue may be called at 105,
The debentures will also be
/offered to holders of the 32,343 shares of 6%
preferred stock, par
will
loans
in
«
prevent
bond
posed a plan of recapitalization under which the issuance of two classes
of securities are proposed, income debentures and new common stock.
The. debentures-will, carry* a .5%. coupon* jri.ll be cumulative up to
$15,
Nordbye
ficient to pay off obligations,
and
is inviting bids on Oct. 18 on an, offering of $47,000,000
The new bonds, designated as series B,
1. 1944, and will mature on Nov.. l, 1970.
Bidders
are
to name the coupon rate.
Kuhn, Loeb> & Co. and Halsey, Stuart & Co., inc., are reported to
be heading two investment banking groups ready to bid for the issue.
—V. 160, p. 1446.
.
but
Nordbye ordered the receiver, E. A,/Whitman,
to retain
until appointment of trustees at a court * hearing set for
Oct. 30. and set Mr. Whitman's bond at $25,000.
The trackage will be
operated by the Minneapolis St, Paul & Sauit Ste. Marie (Soo Line)
Railway as agent under the plan, with a new set of books ordered
opened as of Oct. 1.
The petition was granted after Mtf. Whitman had informed the
court that funds in possession of the. railroad and receiver were insuf¬
lateral
are
book|,
' ')
order granting a reorganization petition
Oct.
in
proposals will be held before the SEC oil Nov. 1.—
3257.
Gunnar H.
an
company.
order
Wabash RR.—Invites Bids for Bonds—
of
226,998'
200,156
185*, 1Q0
corporate
on
posses.sion
,,
of common -stock.
■
3
the
1942.
balance of $8,100 will be paid
The
„
'
.
ry: oper.,
-
Co.
proposes
-
from
Net
■''
"
beea, filed witli the SEC ,pursuant to the
Holding Company Act of 1935 by Columbia ' Gas &
and two of its subsidiaries, United Fuel Gas Co. and
Corp.
Warfield
,
application, bas
Utility
Electric
Warfield
Merge
21,697
accrued
Judge
railway—
Net
Fuel
Gas Co.—; ■
753,075
.
28,356
23,089
Reorganization Petition Granted—
.
From Jan. 1—
Gross, from,
.
United
,
.
•
'
(in
normal
t.Does not include interest
not being paid currently/
Virginian Ry.—Earnings-
,
Cr36„742
.
.
Horner.—V.
$598,062
J9r5.486
equipment^
Net ry. oper, income.
income (net)—...
Co.—Liquidation Plan—
1944—8 Mos.-»1943
Dr30,083.
$211,032
Joint facility rents.____
above.
V
$2,114,105 $15,065,575 $13,957,709
1,239,643
10,953,059
9,202.744
169,911
581,120
1,135,664
106,489
865,535
831,429
1,443,381
expenses
Net
Earnings—,
1944—Month—1943
$1,974,148
revenues
Other
30,627,691
and excess-profits taxes of $64,000,000 for
for 1943.—V. 160, p. 1444.—
: The
company has applied to the Civil Aeronautics Board for per¬
mission, to link Fairbanks,/Alaska, with Seattle, Wash., and its trails-4
continental system.
Total mileage from Seattle, with stops .at Ketchi¬
:
on
Hire
Utah Light & Traction
!
all sources
held
United .Wallpaper,
9,318,567
Federal income
and $68,500,000
Inc.—Changes Name—
annual, meeting
name. to
United Wallpaper, Inc.—New Name—
40,146,258
„
Fixed and other charges-—
at? their
corporation
nounced'by William H, Yates, President, who presided.
:
In addition.to manufacturing wallpaper and allied products for such
large retail organizations as Sears, Roebuck & Co., and Montgomery
Ward & Co., United is the originator and manufacturer of the inter¬
nationally advertised and distributed lines of Unitized wallpaper and
Trimz ready-pasted products.
"
General offices are located at the Merchandise Mart, Chicago, 111.
—V. 160, p. 1445.
4,650,469
:_/V 9,396,873
————_
the
5,951,600
5,490,032
sources—
29,544,189
4,756,634
oil operations—net
stockholders
change
•
•'
Company reports the Government made no recovery through rene¬
gotiation of war, contracts for. the fiscal year ended Aug. 1, 1943.—
V. 160, p. 54.
'
...
322,363,680 306,247,441
Total
.
Co.—Special Offering^—A
special offering of 3,000 shares of common stock (no
par) was made by J. & W. Seligman & Co., Oct. 2, at
$24 per share^ with a commission of 50 cents per share.
The sale was completed in the elapsed time of
IB
minutes.
There
were
the largest trade; 10
19 purchases by 15 firms; 100 was
the smallest.—V. 160, p. 1336.
Yazoo &
Mississippi RR.—Earnings1944
August—
Gross
Net
from railway
from
Net ry.
railway
oper. income
From Jam. 1—
Gross1 from
Net
—V.
1942
1941
$2,624,850
630,358
182,387
$3,302,775
1,694,833
$1,810,099
25,535,768
10,433,008
4,599,787
21,304,465
1,221.163
466,691
1,369,972
701,003*
484,083
■
railway
from i&ii\vay
Net ry.
1943
$3,116,247
opdr, income,,,
160, p. lCtfd.
22,947,673
8,125,625
3,158,463
10,415,730
8,177,923
11.648.954
3.839,000
2,249,137
THE COMMERCIAL & FINANCIAL
1566
Net changes in the
outstanding.
Statutory Debt Limitation As Of Aug. 31,1944
Treasury Department made
The
'.
public on Sept. 5 its monthly
CHRONICLE
holdings of each investor class
during any given period are af¬
fected by maturities and redemp¬
showing the face amount of public debt obligations issued tions and by market operations
under the Second Liberty Bond Act (as amended), outstanding on carried
on
between
investor
Aug. 31, 1944, totaled $217,448,726,461, thus leaving the face amount groups, as well as by purchases of
of obligations which may be issued, subject to the $260,000,000,000 new issues.
Data on changes in
statutory debt limitation at $42,551,273,539.
In another table in the the net amount of Federal securi¬
report, the Treasury indicates that from the total face amount of ties held by savings banks, com¬
outstanding public debt obligations ($217,448,726,461) should be de¬ mercial banks, insurance compa¬
report
$8,776,719,381 (the unearned discount on savings bonds), re¬ nies, U. S. Government agencies
the total to $208,682,007,080, but to this figure should be and trust funds and Federal Re¬
added $1,120,334,139 (the other public debt obligations outstanding serve
banks, and all other inves¬
but not subject to the statutory limitation).
Thus, the total gross tors as a group are obtainable reg¬
debt outstanding as of Aug. 31, 1944, was $209,802,341,219.
ularly in the "Treasury Survey
The following is the Treasury's report for Aug. 31:
of the Ownership of Government
ducted
ducing
August 31, 1944
Statutory Debt Limitation as of
Securities"
and
summary
data
Monday, October 9, 1944
the larly
plants were
extensively
subscribe to certain issues in lim¬ than in
previous drives." As a
ited amounts for the investment Fifth War Loan goal, firms were
of their time deposits.
Treasury asked to set plant quotas aver¬
investment accounts were also ex¬ aging $100 per employee, to be
cluded from
the drive, but in¬ met through a combination of cash
vested their
available funds in purchases and regular payroll al¬
Federal
securities
concurrently lotments. Labor organizations and
with the drive.
The provisions labor and management commit¬
governing purchases by commer¬ tees undertook a large share of
cial banks as well as the sales fig¬ the work of canvassing subscrib¬
ures relating
to both commercial ers in individual plants as well
banks and Treasury investment as aiding in community campaigns.
The American Bankers Asso¬
accounts during the period of the
Fifth War Loan are discussed in ciation,
through its War Loan
a
separate article on page A-16 Committee, entered the War Loan
portunity
drive
concurrently
1
but
not
as
a
with
part" of it to
for
relied
drive
of this issue.
the
large
evert
on
national level by ask¬
a
on
more
In
the
Fifth War
Liberty Bond Act, as amended, pro¬ from the survey ; are published
Loan, the ing member banks to adopt a pro¬
vides that the face amount of obligations issued under authority of each month in the "Treasury Bul¬ Treasury again asked the coopera¬ gram which included assuming re¬
Information on net hold¬ tion of all banks in declining to sponsibility for a canvass of de¬
that Act, "shall not exceed in the aggregate $260,000,000,000 out¬ letin."
ings as of June 30 is not yet avail¬ make loans for the speculative positors. In many localities, also,
standing at any one time."
purchase of Government securi¬ banks entered into the community
The following table shows the face amount of obligations out¬ able, but will be published in the
of the Second
21
Section
standing and the face amount
"Treasury Bulletin"
which
Total
that may be outstanding at any
amount
lace
31,
one
time
1944:
Interest-bearing:
,
Bonds—
Treasury
on
Depositary
484,242,750
goals and sales found in the table
at the
beginning of this article
Adjusted service
716,279.307
shows
"■Savings
(maturing value;—
$128,085,369,757
notes
Treasury
Certificates
of
_______
(maturity value)
Treasury bills
uals
$36,691,707,600
36,367,421,000
15,714,953.060
—
indebtedness-...
Excess
exceeded
the
goal
set
for
small margin—6%.
Series E savings bonds
by
individuals
.159,380,875
which interest has ceased
on
a
were
10% greater than
the
Bearing no interest:
U. S. savings stamps.
167,425,035
262,469,194
profits tax refund bonds
by undertaking to meet
quotas for sales to their customers
and
others.
The Army and Navy
helped further many local cam¬
paigns by furnishing equipment,
The conditions under which bank
speakers, etc., and they also con¬
ducted special sales drives within
loans would be desirable followed
their
the
own
organizations.
In order to enable the State and
principles set forth in the joint
statement on the matter by na¬
county
tional and State bank supervisory
Chairmen to
authorities
War Finance
regional
or
the progress
measure
Nov. 23, 1942.
This of the campaign in their areas, a
Sales of
statement is found on page A-3 of statistical reporting system which
just passed the quota amount,
the "Treasury Bulletin" for March, had been inaugurated during ear¬
while sales of other securities to
88,774,081,600
obligations
sales to individ¬
that total
this group
$216,859,451,357
Matured
program
_
$81,234,674,350
45,650,173.350
________
Loans to enable investors to
ties.
holdings purchase bonds in anticipation of
were
at the end of July will be pub¬ incomes
encouraged, how¬
$260,000,000,000 lished in the October, 1944, issue ever, provided they were made on
a short-term or amortization basis
of the "Treasury Bulletin."
A comparison of the figures on fully repayable within six months.
limitation:
Outstanding as of Aug.
for, Septem¬
still be issued under this ber, 1944; information
can
goal. These facts are brought
out in Chart 2, in which goals and
sales for the five war loans are
...
429,894,229
on
V,
1944.
lier
Figures on State goals for sales
of securities during the Fifth War
Loan
were
State
War
made
available to the
Finance
Chairmen
on
drives
used
was
extensively
Al¬
individuals
were announced to the public by
the Treasury between June 12 and
during the Fifth
though
War Loan.
only sales
to
Table
June 26—a measure which was in¬
4, at the end of the article, shows May 8. These quotas were based
Face amount of obligations issuable under above authority
$42,551,273,539 in addition that all of the
signifi¬ on various data, which are of tended to emphasize the impor¬
less
comprehensive
by tance of the quota for this group—
cant investor groups bought more course
RECONCILEMENT WITH DAILY STATEMENT OF THE UNITED STATES TREASURY
August 31, 1944
v
"
securities during the Fifth War States than those available for es¬ the Federal Reserve Banks com¬
Total face amount of outstanding public debt obligations issued under
Loan than during any preceding timating liquid savings and ac¬ piled daily reports from the be¬
authority of the Second Liberty Bond Act
:___
$217,448,726,461 drive.
cumulations
in the nation as a ginning of the drive showing sub¬
Deduct, unearned * discount on Savings Bonds
(difference between
whole. The State quotas for sales scriptions for each issue made by
current redemption value and maturity value)
8,766,719,381
Following - the practice estab¬
of Series E savings bonds were individuals, and by all other in¬
lished
during the Fourth
War
$208,682,007,080
based on estimates of income pay¬ vestors as a group/in each county
Loan, purchases by Treasury in¬
Add other public debt obligations outstanding but
ments for the five months' period in the United States.
More de¬
not subject to the statutory limitation:
vestment accounts as well as the
•
March-July, 1944, arrived at on tailed information was supplied for
Interest-bearing (postal savings, etc.)—
$195,917,540
limited purchases which commer¬
Matured obligations cn which interest has ceased
the basis of a monthly projection each State ,,as a whole, showing
7,516,065
cial banks were permitted to make
Bearing no interest—________—
916,900,534
of Department of Commerce fig¬ sales of each issue to each investor
1,120,334,139 concurrently with the drive were
class.
This information made it
ures showing income payments to
excluded from both goals and sales
individuals by States on an annual possible for the War Finance Com¬
Total gross debt outstanding as of Aug. 31, 1944_______
$209,802,341,219
attributable
to
the
Fifth
War
basis. In setting the State quotas mittees to measure daily progress
During the course of the
"■Approximate maturity value.
Principal amount (current redemption value) ac¬ Loan.
for individuals' purchases of se¬ by
comparing the sales figures:
cording to preliminary public debt statement $36,883,453,969.
drive, a deferred payment plan
with charts which had been sent
217,448,726,461
shown
by investor classes.
,
,
_
___
.
.
was
made available whereby cer¬
tain
The Treasury Gives Details Of The Fifth War Lean
Reached
Sales
Total
$20.6 Billions
The Goal—Sales To Individuals
Or 29%
Reach A New
Above
High
Record Of $6.4 Billions Or 30.8% Of Total
In
the
recent bulletin of the Treasury Department, the details of
a
resultsnoi
the Fifth War Loan drive
made
are
public.
It gives
fullei' evidence of the magnitude of the selling operations and the
success that has crowned these operations.
The report indicates that
73,113,000 individual pieces of Series E Savings Bonds alone were
sold during
fhe drive, as compared with 69,850,000 pieces in the
Fourth
Loan.
Fifty-two
percent *
receiving in¬ the Fifth War -
non-farm people
of
bought extra bonds
come
their
creased
payroll
in¬
or
deductions
during the period of the drive.
following are some of the de¬
The
furnished
tails
Treasury
of U.
S.
Government
se¬
curities in the Fifth War Loan to¬
taled
classes
Loan
to
each
investors
of
tails
on
the
de¬
sales of each issue to each
investor class
at
of
are
shown in Chart 1, and further
to
the
by
Department:
Sales
these
are
found in Table 1
of this
article.
Sales
the
end
major groups of investors
(individuals, insurance companies
and savings bank?, and corpora¬
tions
and
other
investors)
are
$20.6 billions—$4.6 billions
. greater
than the goal of summarized below, and are fur¬
.$16 billions set for this loan, and ther compared with
the
goals
been
set
for
these
$3.9 billions greater than total which had
sales during the
preceding war groups prior to the opening of the
or
29%
loan.
The total for the Fifth War
Loan
was
divided
drive.
between
In the table below, and through¬
$6.4
individuals, including out the remainder of this article,
the term "individuals" will be un¬
partnerships and personal trust
billions
to
accounts, and $14.3 billions to all
derstood
other
and
investors, including insur¬
ance
companies, savings banks,
corporations and associations, deal¬
ers
and brokers, and State and
local
to
include partnerships
personal trust accounts. The
governments.
units could
have until Sept. 30 to complete
payments for subscriptions to the
2%
and 2 V2 %
Treasury bonds
made during
the period of the
drive; subscriptions involving $0.3
local
governmental
billion of such deferred payments
were
entered and
the total sales
lions.
included in
are
figure of $20.6 bil¬
:
.
,
(In billions of dollars)
savings bonds
3.0
3.0
vestment authorities.
insurance
companies
Other corporations
and
savings
the
or
through
issuing
agents
2.5
4.3
172
it possible
7.5
10.0
133
This al¬
be noted
that the
and
the
which wished to begin
14.3
143
20.6
129
for the local sales units
their work
prior to the formal opening of the
June
to
start
their
sales
to
in this
article, represent
activities
on
1.
Sales in the drive
will
should
for
each
day of the drive, if the goals were
to be realized. The sales patterns
shown
on
in
the
charts
were
based
the experience in previous war
been analyzed
estimating the
probable1 timing of purchases by
investor classes during the Fifth
loans, which
with
had
view
a
to
War Loan.
foreign language credit to the purchaser's home ad¬
Boy Scouts, members of' dress or to the place of his em¬
4-H Clubs, and others were also ployment.
Likewise, stubs repre¬
groups,
active.
had
a
Most agricultural States
special farm program which
included
a
farm-to-farm
canvass
were
confined
grams, 3 greater volume of adver1 tising and publicity was contrib-
in the uted than in any previous drive.
figures in the table above, as well sales and not net changes in.hold¬ Fourth War Loan, however, com- 1
Quotas for employees of indias atl other sales figures referred ings or in the amount of securities mercial banks were
given the op- vidual business firms and particu¬
sales
area
senting sales by the Federal Re¬
Banks, the Office of the
serve
Treasurer of the United
States, etc.,
to pass credits to
ties.
Sal^ '*by
drive
It
the
ganization. Retail stores assumed
a quota under which they agreed
to sell $300 in bonds per sales¬
person.
Theaters made a particu¬
larly intensive effort to sell w»r
bonds, and turned in an outstand¬
ing record of sales to individuals
during the Fifth War Loan. In
connection with these various pro¬
110
16.0
showing how much
in
to
be credited to the Loan.
106
-
amount
throughout June and July would
3.3
.
cumulative
101
6.4
10.0
to
were
Banks
Federal Reserve Banks and made
banks
them
out
the
by members of the volunteer or¬
investors:
and associations
sav¬
associations,
Similar to the
lowed time for clearance of sales
;•
than Series E
income figures were
again used, but extra weight was
given to two factors, namely, (1)
that
part of income payments
which represents a return on in¬
vested capital, and (2) bank de¬
posit data relating to individuals.
Quotas for insurance companies
and for savings banks were ar¬
rived at largely on the basis of
recent information relating to the
State distribution of the assets of
Treasury
6.0
Corporations and other
other
ings bonds,
As in the Fourth War Loan, a
organizations. State quotas
for corporations other than insur¬ procedure
was
adopted
which
On April 3, 1944, the Secretary
made it possible to avoid transfers
ance companies and savings banks
of the Treasury announced that
of funds by subscribers wishing
were based mainly on data relat¬
the Fifth War Loan would open
ing to the demand deposits of to help local communities make
on
June 12 and would run until
their quotas. Under this procedure
business concerns.
;
July 8, 1944. The total goal of $16
The organization of workers for the Treasury and the Federal Re¬
billions was announced and it was
the Fifth War Loan followed State, serve Banks undertook to
give
stated that the major emphasis
county and town lines and leaned statistical credit to the various lo¬
throughout the entire period of
heavily on person-to-person con¬ calities for subscriptions made by
the drive would be placed on the
tacts in both homes and places of individuals with interests in more
quota of $6 billions for individ¬
business. Over six million volun¬ than one community or for pur¬
uals.
The eight securities to be
teer workers enlisted as salesmen chases made at the central offices
offered.in the drive were briefly
and about 75,000 agents issued the of. business
firms operating in
described and the Secretary stated
securities. This plan of organiza¬ more than one area.
In the case
that the securities and the goals
tion was similar to that followed of many large business organiza¬
had been selected by the Treas¬
in the Third and Fourth drives. tions, Series E bonds'bought by
ury
after
consultation with a In the Fifth
drive, however, a employees under payroll savings
group of chairmen of the
State
greater effort was made to solicit plans and during special plant
War- Finance
Committees, - offi¬ each
potential buyer personally. drives, are issued from a central
cials of the Federal Reserve Sysr Women's"
organizations in • many, office; the procedure worked out
tern, a committee of the American localities did a
large share of the for allocating credits made it pos¬
Bankers Association and other in¬
house-to-house canvassing;
civic sible in these cases to transfer the
Reserve
3.0
Total
curities
these
Organization for the Loan
percentage shown in the table, as
well as elsewhere in the article,
Individuals:
E
and
practice in- prior
have been computed on the basis war loans, it was announced that
all subscriptions for Series E, F
Sales during of unrounded figures.
and G, savings bonds and for sav¬
Percent of
Goal
Sales
ings notes received at the Federal
goal achieved
Class of investor-
Series
State
and
institutions
gross
to
nonbank
investors.
sorted by counties
in order
local communi¬
issuing
agents
whose ac#tfif4es are largely con¬
fined to onftipity or county (such
as banks, post offices, etc.)
were
credited to the county of their lo¬
All subscriptions from in¬
cation.
surance
companies were assigned*
to the State of the home
in the
Types of Securities
As
The
for
office, as
past.
various
issues
the Fifth War
Offered
announced
Loan included
of security which goals set for these groups in the
offered during any table at the beginning of this ar¬
only one type
had
not been
one
of the four
This
March
preceding drives.
note due
ticle.
Treasury
A 2%
1947.
15,
bond of 1952-54
similar to
was
a
noted
As
1 % % Treasury
was a
sales of
above, total
$20.6 billions exceeded the total
goal of $16 billions by more than
one-fourth, and sales to individ¬
2%
Treasury bond of approxi
mately the same term which had uals exceeded the $6 billions goal
been included among the offer¬ set for this group by $0.4 billion,
ings in both the Second and Third or 6%. Sales of Series E savings
War Loans; a new one-year %% bonds were larger than the quota
amount, although they were slight¬
the
1, 1945, was
certificate offered
in each of the
earlier loans; and
Fourth
similar
the
June
due
certificate
to
2*/2% Treasury bond of 1965-
1970, which constituted the re¬
maining marketable issue offered
for purchase during the Fifth War
Loan, had also been among the
offerings in the Fourth War Loan,
and differed only in maturity date
from the long-term 2 y2% Treasury
(bonds offered during earlier loans.
ly
War
and
(mostly to
governmental
units). The total for this remain¬
ing group was divided between
$8.2 billions to corporations and
associations, $0.5 billion to deal¬
ers and brokers, and $1.3 billions
State
to
as
plan
local
*
local
and
governments,
shown in Table 1.
Included
billions
in
for
the
figure of $8.2
corporations
sales,to
considerable number of the
agencies. These organizations han¬
rather than through the facilities
a
their
dle
investments
themselves
50%
billions of total sales billions, were more than
the $0.8 billion of
are $0.3 billion of higher than
sales for which deferred payment Federal securities | sold to these
Sept. 15, 1944. A full description
requested.
The
combined units during the Fourth War Loan.
of the various features of all of was
State and local governmental sur¬
the securities offered in the Fifth goal for the remaining group of
reached new high
War Loan may be found in the corporations and other investors, pluses have
levels during the recent war pe¬
"Treasury. Bulletin"
for April, which had been set at $7.5 billions,
was exceeded by $2.5 billions, or
riod, and the investment Of such
1944, pages A-4 and A-5, and de¬
funds
in Federal securities has
scriptions of the securities offered 33%. As in the case of insurance
been increasing steadily.
during the Second, Third and companies and savings banks, to¬
Sales of securities during the
Fourth War Loans are shown in tal sales of $10.0 billions to these
attached covering in¬
cial coupon
to
from June 26
accrue
to
in
the $4.3
to
this
group
r
of
issues
earlier
Bulletin"
"Treasury
the
follows: April, 1943,
as
2-3; August, 1943, pp. 2-3, and
pp.
December, 1943, pp. 8-9.
The deferred payment plan, al¬
referred to, for the 8-102% Treasury bonds and for
long-term
2*4%
Treasury
ready
year
the
of
investors until Sept. 30, 1944, to
make full payment for subscrip¬
tions to these issues. The securi¬
ties
themselves
were
delivered
only
re¬
were
included
investors
The
ceived.
groups
payments
the
as
these provisions were:
under
life
certain
allowed
bonds
companies,
insurance
remaining corporations and inves¬
tors included a small amount ($0.1
of
billion)
the
under
sales
de-
sues, are
classified by is¬
summarized in the table
below.
'.v...-
Fifth War Loan,
\
Issues—Savings bonds:
Series
E
:
Series
F
and
818
6,429
issues.™
'■'.2%
notes,
treasury
6-1-45™
1,948
2 Vz *Io
a
chase
would
which
to them
available
become
for investment
during the month
following the close of the
War
Third
drive.
Loan
All in all, the program of se¬
curity issues worked out for the
Fifth War Loan rested
on
the ex¬
perience of the Treasury during
prior war loans as well as on the
and suggestions relat¬
ing to earlier offerings which had
been coming in to the Treasury
during the war financing period.
comments
Differences
between
bond offerings with
terest
the
needs
were
of
nancial plans
tion,
the
market¬
intended to meet
investors
with
14,210
In addi¬
liquidity for
viduals with relatively
indi¬
small re¬
The certificates and the
sources.
savings and Treasury giytes, on
other
hand,
an
ness
were
the
intended to sup¬
investment ?t>litlet for busi¬
organizations, State and local
governments, and others who were
looking for
a
term funds.
Sales by
pripr war loan drives,
sales of •.marketable securities pre¬
dominated,. due .tothe .fact that
these issues are particularly well
Classes of Investors
Sales
to
one
panies again preferred the 2*/2%
Treasury bonds of 1965-70; almost
50% of all purchases by insurance
investors
stitutions
are
for
available
are
long-
classes of
compared with the
A
1
.
First
War
Third
Fourth
Fifth
War
Individuals
12.9
5.1
1.6
6.3
18.6
5.1
3.3
10.2
13.6
5.3
11.4
___
Loan™
—
Loan
War
Loan
Loan
War
68.9
20.6
____________
'■*
First
War
Second
Third
Loan.
War
War
Fourth
100.0
14.3
21.9
—
39.3
100.0
„™™„™™_
Loan
27.4
12.3
100.0
Loan
'"Total
banks
-I
were
allowed
to
54.9
only
buy
billions
$5
69.2
25.0
11.6
68.3
30.8
...
•
71.6
31.7
'
100.0
___
"Commercial
v'
48.4
17.7
.:—
i
55.7
v
28.4
100.0
63.5
of
Federal
'
securities
during each of the first two war loans, and were excluded from direct participation
in the Third, Fourth and Fifth War Loans.
-(Treasury investment accounts were in¬
cluded in the first three war loans only; during succeeding war loans, sales to theso
accounts
handled
were
outside
of
the
drive.
individuals, which ac¬ ties among individuals is further
counted for only a small propor¬ illustrated in Table 6, which shows
tion of total sales during the first that a larger number of units of
two* drives,
are shown to have Series E bonds of all denominamoved up to 30% or more of total tipns has been sold during each
sales during the Fourth an<^ Fifth succeeding drive, even though the
Sales
War
to
The
Loans.
increasing
em¬
phasis which the Treasury has put
on
wider distribution of securi¬
a
dollar
amount
was
sue
of this is¬
of sales
smaller
during the Fifth
War Loan than during the Fourth*
Congress Passes Resolution Galling For
Freedom Of International interchange Of News
A concurrent resolution
calling for the freedom of international
interchange of news among the nations of the world was adopted
by the Senate and House on Sept. 21, this constituting the principal
legislative business taken by Congress on that day before its reces4
The resolution reads
until Nov. 14.
as
follows:
House of Representatives concurring)
That the Congress of the United®'
—
«
States expresses its belief in the accorded the same rights in for¬
world-wide right of interchange eign countries which we. accord
of news by news-gathering and to foreign press associations in this
distributing agencies, whether in¬ country."
Prior to the above by Mr. John¬
dividual
or
associate,
by
any
means
without discrimination as son, Mr. Martin had said:
"I am certainly in favor of the
to sources, distribution, rates or
principles
promulgated
charges; and that this right should general
be protected by international com¬ here. I would even go further. I
"Resolved by the Senate (the
would have
to
the
a
little more freedom
adoption
that he would
from
on
Texas/submitted,^,
the
same
text. The
billions out of
billions to this
these two issues.
In addition, substantial amounts
($2.2 billions altogether) of the
1 % % Treasury notes due March
sales of $8.2
were
10.2
Percentage distribution
Loan___
War
Senator
$5.6
notes;
Investors
6.4
■
—-
'
87.8
Total
considered the resolutions and del¬
ings
and Other
Banks
5.4
Loan—
War
Corporations
"Commercial
Total
War Loan-
the Senator from
Ohio (Mr, Taft) submitted a reso¬
lution on this subject and I, tl\e
100,0
total
loans.
war
■
,1
.
Committee
in
on
Foreign Relations
egated
to
necessary,
The
tion.
consider
ognition to the "principle of
news
^pedorm This was mac]e f knowii
in Associated Press accounts frorp
Washington Sept. 17,
as
follows:/
With;; the Senate likely tp act
this week.on
to report a new resolu¬ of independent news
concurrent resolution of promoting world
before the Senatels in effect
now
back any practical
to give international rec¬
a.^epojution calling
the subcom¬ on this country to take* the Jqad in
them or,
if espousing international exchange
authority to
mittee
measure
Associated
Press
as
a
means
peace,
the
submitted
the
investment, the insurance
companies were able to take ad¬
vantage of the higher interest
15, 1947,
Treasury
by the Treasury to buy only such
securities as they expect to sell
shortly
were
term
to
offered
rates
bonds.
on
Savings
the
long-term
banks,
other hand, favored the
term
2%
accounted
on
medium-
Treasury bonds,
for
tutions.
;
group
associations,
four-
country,
includes
chases
concentrated
heavily in
the
group
2%
in
Treasury bonds,
the
certificates, and—to a lesser
new
1*4%
Treas¬
State and local governments ex¬
hibited
a
marked
ness
and
bonds.
for
preference for
pur¬
7/s%
cer-
the
Treasury
2%
the
requirements,
investing
will be used
the tirement,
its
for
Legal
funds
which
shortly for debt
and-
a
desire
to
thus, made their prose¬
possible by first
muzzling the press and radio, then
completely controlling it.
When the proposal first was ad¬
vanced, members of both branches
declared in speeches that it should
be made a part of the permanent
grip and
re¬
have
peace program.
Representative Sol
(Dem.-N. Y.), Chairman
of the House Foreign Affairs Com¬
dent to its
agreement
on
the
reso-
ution, Representative Johnson had
the
"I
[Mr.
will
say
Martin
to
of
gentleman
Massachusetts]
Congress that it is our'belief that
main
factors
influencing
Output Ahead Of July
Production of alloy
ing
August-totaled
about
12%
of total
steels dur¬
874,716
tons,
steel produc¬
our
854,321 tons produced in July and
1,097,630 tons in August.
press
Open hearth furnaces produced
the
this resolution is
the
August Alloy Steel
following to say:
with
are
-
mittee, worked along with others1 tion during that month, according
to assure the resolution's receiving
to the American Iron and Steel
prompt attention there.
This
compares
with
In the House on Sept. 21, inci¬ Institute.
ready cash at hand in connection
carrying out post-war plans
'./-..
ciple."
cution of the war
Bloom
notes due March 15, 1947.
need
•
of corporations and
which
this
concentrated in the medium-
extent—in the
ury
to
which the % % certificates of indebted¬
than
more
the
%%
investors.
nonbank
of securities
Sales
term
large business organizations of the
Issues
the various
•
tificates and in the Series C sav¬
group
per¬
(
and the 8-10-year 2% a substitute for both the Taft reso¬ following question to Mr. Hull:
"In
view
of
the
developing
bonds were purchased lution and the Connally resolution.
of the non-marketable issues—the
Series C savings notes—was avail¬ by corporations and associations. I ask unanimous consent for the widespread interest on the subject
able for unlimited purchase by The
preference shown by this consideration and adoption of the of international news freedom, is
such investors. Sales of the 8-10- group for the short- and medium- concurrent resolution."
there any thought that you would
term issues reflects in part the
In Associated Press advices from care to
year 2% Treasury bonds amounted
express about 'your own
to $5.2 billions and sales of the fact that substantial amounts of Washington Sept. 21 it was stated:
views on this subject?"
The resolution was drawn up
%% certificates were almost as these business funds are being set
The Secretary replied
great, amounting to $4.8 billions. aside only temporarily, in antici¬ by a sub-committee of the Senate
"The whole question of freedom
Considerably smaller amounts of pation of the time when they will Foreign Relations Committee. It
the 2%% Treasury bonds of 1965- be needed to finance replacement is based on drafts offered, in the of information has
been
under
1970 and of the New 1 *4 % Treas¬ and expansion during the post¬ House
by
Representative
Fulstudy in the Department of State
war period.
ury notes were sold during the
bright, (Dem.-Ark.) and in the
Although sales to dealers and Senate by Senator Taft (Rep.- for some time. I have consistently
drive; sales of the 2*/2% bonds
amounted to $2.3 billions, and sales brokers were included in the drive Ohio) and by Senator Connally supported the cause of freedom of
of the 114% notes to $1.9 billions. quotas, they were in a somewhat (Dem.-Texas), Foreign Relations news and I would
support any
The more detailed sales figures different category from sales to Committee Chairman.
practical measure to give interna¬
Mr. Fulbright asserted that the
by classes of investors and by is¬ other business organizations, since
sues
show that insurance com¬ dealers and brokers were asked dictators
established
their iron tional recognition to this prin¬
Only
blocks of funds to invest.
The
and by
1
,
resolution
high degree of liq¬ fifths of the sales to these insti¬
uidity in the placing of shorter-
,
"Mr. President,
•>!.''
As, [in
each of the five
major
said:
'
features of companies were in this issue. Insavings bonds provided both as much as the funds of these in¬
and
11.0
20,639
Total marketable issues™
the redemption
security
ply
fi¬
calling for medium-
long-term securities.
or
various
respect to in¬
maturities,
rates,
ability, etc.,
the
24.3
2,263
bonds,
the
and
of the of the press here in Washington."
Under date of Sept. 17, Secre¬
resolution by the Senate, Senator
Connally, in addressing that body, tary of State Cordell Hull stated
9.4
5,229
6-15-1952-1954™™—
treasury bonds, 3-15-1965-1970™™—
treasury
the
to
pact."
23.1
4,770
3-15-47______
The plan itself .represented
broadening of the):deferred'pur¬
arrangement used during
the Third War Loan, under which adapted to the needs of institu¬
insurance companies alone were tions,
governmental units,
and
allowed to subscribe to securities business organizations with large
cies.
funds
31.1
.:
certificates of indebtedness,
V&t/o
1V4%
sales
investors
of
centage distribution of the sales
among these groups are shown for
(Amount in billions of dollars)
Prior
A
Marketable issues:
sav¬
institutions, State and lo¬
governmental, units, and sim¬
ilar public corporations, find agen¬
of
12.5
_______
;
nonmarketable
4.0
2,575
G___™™____
Savings notes, Series C_
Total
14.7
3,036
™_
ings
anticipation
Distribution
Amount
/.
'V
(In millions of dollars)
Nonmarketable
cal
in
'■
Percent
Security—
of
amounts
classes
minor
are
larger investors had already pur¬
chased as many savings bonds as
that
choice of securities by these
governmental units.
In the table below, both dollar
Second
associations
and
the
possible
is
It
Loan.
payment
the amojints of purchases by Govern¬
ment
corporations
and
credit
during
sales
than
less
ferred
State
In
they are allowed to buy in any of the Treasury Department.
the article on the Fourth War
one calendar year, before the time
of the Fifth War Loan drive. This Loan in the March, 1944, issue of
possibility is strengthened by the the "Treasury Bulletin" these or¬
figures in Table 6 at the end of ganizations were designated as
this article, which show that a U, S. Government field agencies
and their purchases of securities
The four nonmarketable issues larger number of units of the large
were
classified separately in all
announced for the Fifth War Loan denomination Series E bonds were
sold during the Fourth War Loan of the tables on the War Loan.
were unchanged from offerings in
Such purchases are so small,, how¬
prior war loans. These were: Se¬ than during the Fifth, although
ever
(amounting to only $32 mil¬
ries E, F and G savings bonds, and more of the smaller denomination
Series E bonds were sold during lions in the Fifth War Loan) that
Series C savings notes.
the Fifth War Loan than in any in the present article they have
V The marketable issues offered
been classified with those of cor¬
:
during the Fifth War Loan bore preceding drive.
Insurance companies and sav¬ porations and associations.
interest from June 26. The 2y2%
It is
interesting to note that
Treasury bonds of 1965-70, which ings banks passed their sales goal
of $2.5 billions by $1.8 billions, or sales of securities to State and
were a reopening of the issue sold
local
governments
during
the
during the Fourth War Loan, were 72%, as shown in the .table at the
Fifth War Loan, amounting to $1.3
dated Feb. 1, 1944, but had a spe¬ beginning of this article, Included
terest
1567
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
Volume 160
an
expression by
associations should
be
576,690 tons of alloy steel in Aug¬
ust.
of
The remaining 298,026 tons
alloy
steel
production
came
chiefly from electric furnaces.
THE COMMERCIAL & FINANCIAL CHRONICLE
1568
Schram Of NYSE Indicates
Qualifications
And Procedure For Listing Securities
the publication of quarterly re¬
ports; such, for example, as those
which are dependent upon longterm contracts
Farm
upon
President Roosevelt in a letter addressed to Claude R. Wickard,
Secretary of Agriculture, and Brigadier General Frank T. Hines, Vetierans
Administrator,, stresses the need of the training of veterans in
agricultural careers, since, he says, it is estimated that more than a
The process of listing securities issues on the New York Stock
.Exchange and the standards of eligibility which the Exchange has ing reasons why, such quarterly
^established are dealt with by Emil Schram, President, in a letter
reports are impracticable or where
appearing in the September issue of the official monthly of they would be misleading, the
the Exchange.
It is noted by Mr. Schram that the listing procedure Exchange has accepted an under¬
"contains elements of interest, as frequently expressed through in¬ taking^ to
publish
semi-annual
quiries to both corporation officers >
statements, or, in certain instances,
and individual investors who de¬ ucts. The relationship of the ap¬
only annual statements.
sire to, be informed about the ma¬ plicant's business to that of other
In order to be listed on the Ex¬
chinery of the -nation's largest companies in the same field of ac¬ change a company must register
tivity would also be a criterion.
securities market."
under
the
Securities
Exchange
In relation to the distribution
In
summarizing
the. general
Act of 1934.
Where a company
of common stock, a minimum of
qualifications
for
listing,
Mr.
previously had any security regis¬
Schram states, among other things, 1,000 stockholders would be ex¬ tered under the Securities Act of
that "the company must be a go¬ pected, with a reasonable group¬
1933, the procedure is simplified
up
to 200,000
ing concern" and that "it must ing. of holdings
because, under the present rules
have substantial assets or demon¬ shares. The character of the mar¬ of the Securities and
Exchange
strated earning power or both." ket and the price range of a se¬
Commission, the registration state¬
Mr. Schram's letter, as addressed curity prior to its admission to ment or
prospectus filed under
dealings on the Exchange would the 1933
on Sept. 22 to members and allied
Act may serve as the
members of the Exchange, follows: also be a consideration. The dis¬ basis for
registration under the
?
This letter is prompted by the tribution characteristics which are 1934
Act; and the annual reports
fact that members and allied mem¬ expected for preferred stocks and
required
under
the
1933 Act,
vary
considerably from which are in the same form as
bers of the Exchange are inquir¬ bonds
million
the
ing, from time to time, with re¬
common
stocks
and, the
qualifications distribution need not be as wide¬
necessary for the listing of a com¬ spread.
Two schedules of listing fees are
pany's securities. My purpose in
spect to the general
is to indicate
broadly, as a matter of informa¬
tion, the process of listing and the
standards of eligibility which the
Exchange has established.
You will understand, of course,
that the requisite qualifications
for listing can only be described
in general terms, and that an ex¬
act formula cannot be given.
An
applicant company must, of
course, possess certain attributes
if its securities are to qualify for
the kind of public market which
this Exchange provides.
It has
been found, by experience, that
writing
to
you
.
these
.
!
,
attributes
are
not
always
available at the option of an ap¬
plicant company. Schedule A rep¬
resents
listing of $50 per 10,000 shares of
stock or fraction thereof; the min¬
imum initial fee being $2,000, and
a
continuing annual fee for a pe¬
of
shares outstanding, the continuing
fee
is
$50 per 100,000 shares for
all shares in excess of 2,000,000.
Schedule B represents a fee of
$120 per 10,000 shares or fraction
also
their
Through
the
maintenance
million members
forces
intention
have
to
indi¬
reestab¬
sac¬
factors
making
tinue
of
with
reasonable
success.
"
.
"Perhaps
■
them
reasonable
oppor¬
insufficient training might be di¬
ing
ture.
ihg
a
light responsibil¬
we
borders
do hot possess within our
great
a
or
new
Northwest
to be declared open
by these
and unsettled
men
and their families.
its'
"Congress, by the recent adop¬
tion of the service men's
standards for listing, its standard
and
"Your
with
for membership in the Exchange ment
act, has shown its specific
thereof, with a minimum fee of and the many safeguards 'which
interest in aiding veterans who
$5,000 at the time qf listing. Un¬ it
provides, this market enjoys the
der this Schedule no continuing
want to live on the land. Full ad¬
confidence of the investing public
fee is payable. However, if cer¬
and of the corporations whose se¬ vantage must be taken of the pro¬
tain changes take- place,, such as
curities are listed. Most of the visions of this act and of other
in the name of the corporation,
leading American corporations in legislation in order that the maxi¬
in the par value or in the. name
practically every industry will be
mum number of veterans who de¬
of
the
security, a further fee found to have
one or
more
of
amounting to one-quarter of the their securities listed on the Ex¬ cide to do so may find successful
initial fee is payable when such
change.
This in itself not only careers in agriculture.
changes take place. This is not serves to illustrate that the .Ex¬
"It seems highly desirable that
municate with me in order that the case under Schedule A.
change provides the most appro¬ a
In addition to the listing fee, it
thorough canvass of this prob¬
our Department of Stock List may
priate market for securities which
supply you with such precise in¬ would be necessary for the com¬ are eligible for listing; it also re- lem be made very soon, and you
formation as may be needed with pany to pay the cost of printing fleets the desire of
security hold¬ are requested jointly to make such
the listing application, which in
respect to particular situations.
ers, potential security holders and a canvass and furnish me with a
the case
of, an original listing
The general qualifications for
the issuers for such a market.
report and your recommendations
listing may be summarized as fol¬ would fee in the neighborhood of
Important factors in the rela-'
at an early date.
$300. It would also be necessary
lows:
tionship of the Exchange with the
the
The company must be a going for
company
to
maintain investing public and the issuers;
"Some of the service men who
concern; it must have substantial transfer and registration facilities are that prices for securities are have indicated a desire to become
in
the
Borough of Manhattan,
assets, or demonstrated earning
competitively
established
in
a
power, or both.
The amount of City of New York, in order to free public auction market by the
with
a
Certainly, many
additional trains
in/ modern
education
inquiry might also deal
the
adaptation
special
of
types of farms to the abilities of
whose
become limited
injuries.
capacities, have
result of
as a
Adequate
credit
war
upon
reasonable terms must be assured.
readjust¬
separable but must be examined
as a whole.
I hope, however, that
the general information set forth
here will be helpful in any re¬
quest for information which you
may receive as to the essential
conditions required for listing a
company's securities. May I suggest that, where the general terms
herewith presented need clarifi¬
cation or elaboration, you Com¬
employ¬
training
can use some
Territory veterans
for settlement
farm
farming practices and techniques,
ity for the nation to discharge—
for
for
of the veterans interested in farm¬
tunities to get started in agricul¬
"This is not
.
with
veterans
some
capable farmer.
offer
that
assurance
,,'
■
ment
to
and
certain
more
rected to seek temporary
capacities,
in¬
in. operating a farm,
those who start to farm may con¬
as
scope.
of
for
of the
veterans
volved
and ranchers. Their
Oklahoma
tiona 1 in
Wickard*
within the limits of its
know, the Exchange
is not only national but
erna
reestablish
expect this nation to be prepared,
you
in t
to
intention
rifice and courage entitle them to
1934
market
a
armed
our
farmers
Act, reluctance to
in some instances,
This may be due to
a misunderstanding s of the regis¬
tration requirements and, where
this reluctance is evident, an Ex¬
change official is always glad to
call upon the company officials
and
discuss
this or any
other
As
Messrs.
lish themselves in civilian life
istered under either the 1933 Act
panies having more than 2,000,000
their
The President urges a study of
these
than
more
cated
of $75 per 100,000
shares, the minimum annual fee
being $200; In the case of corn- matter.''
riod of 15 years
by
"It has been reliably estimated
that
continuing procedure.
Where a company is not reg¬
the
indicated
"Gentlemen:/
a
or
have
affairs.; '
rans
a continuing fee with an
register has,
payment at the time of been shown.
initial
matter
men
farmers and ranchers.
Hines, requesting that they farmers or ranchers may not be
furnish a report and recommenda-/ actually equipped by experience
tions at an early date. His letter,
or education to take over a full-¬
as given in Associated Press ad¬
size farming operation.
vices from Washington, follows:
"Honorable Claude R, Wickard,
"Therefore, it is important that
the Secretary of Agriculture.
a part of your inquiry be focused
"Brigadier General Frank T.
on
iqeans ' for' fully
apprising
Hines, the Administrator of Vete¬
those required under the 1934 Act,
are substituted one for the other
as
as
and
,
of
service
themselves
,
those
Study In Behalf Of Veterans Desiring To
Establish Themselves In Agriculture Urged
the growth
and sale of a crop in an annual
cycle. Where there are convinc¬
or
Monday, October 9, 1944
"Further, it will not do merely
to
see
that the veteran settles
should
veteran
a
on
piece of land. The lands for
some
constitute
economically sound farm
which
from
he
can
earn
ficient income to keep
in comfort and
children,
and
or
an
ranch
a
suf¬
his family
health, educate his
integrate
himself
and his family into the commun¬
ity
as
happy and useful citizens;
"These
points
are,
of
course,
,
>
,.
,
earnings is a most im¬ facilitate the transaction of busi¬
The "setting
up
of these
portant factor, but the Exchange ness.
also attaches importance to such facilities need not disturb any ex¬
questions as the degree of national isting facilities for the purpose al¬
interest in the company, its stand¬ ready established by the company.;
At the time of listing, a com¬
ing in its particular field, the
character of the market for its pany is required to execute a form
products or services, the relative of agreements with the Exchange,
stability and position of the com¬ The terms of these agreements
pany in its industry, and whether represent good business practice.
or not it is engaged in an
expand¬ Well-managed companies, whether
ing industry with prospects Of listed or unlisted, conform, as a
maintaining or improving its po¬ matter of policy, to most of the
sition. Also, the company's securi¬ provisions of these agreements.
ties
should have a sufficiently Their purpose is to provide that
wide distribution to afford reason¬ security holders and the public
.
greatest possible concentration of,
buyers and sellers; that potential I
security
holders
speedily
convert cash into securities; that,
holders may convert their securi¬
assurance
its
war
that
ties
into
capital,
from
cash
or
transfer
This rule
of course,
of
any
thumb
be Subject
modification, depending
upon
to
the
reflect,
as a
earnings
Federal
change
minimum, estimated
both
before
income
urges
taxes.
and
The
after
Ex¬
that these reports
extent to which the company may
be
published
be engaged
to
year-end adjustments and the
in
an
expanding in¬
as
estimated, Subject
dustry. The degree of national in¬ year-end audit of accounts.
terest in
a
company may
be rep¬
The
Exchange
recognizes
important
phases of this study and of the
which I hope it
objectives
accomplish.
will
/
their judgment dictates,
security to another; that
as
one
the amount of securities and the
prices at which they
bought
and sold are quickly and widely
published for all the world to see;
are
that maximum collateral value is
afforded when loans
that security holders
are
are
made;
assured
security,
market for
or
distribution of there are problems peculiar to
the character of the certain types of companies which
the
company's prod-merit consideration in relation to
post-war period when a
of
■
Commission To Hold
;
Regional Meetings
bringing together representatives of
bankers associations, are being undertaken by the Post-War
Small Business Credit Commission of the American Bankers Associa¬
tion in order to
acquaint bankers in every section of the country
with its program to
extend credit to every competent person, firm or
corporation needing it for a constructive purpose.
:
These meetings are designed for¬
The
conference at Richmond
give State associations first hand
will cover the District of Colum-r
information concerning the Com¬
Maryland, North Carolina',
mission's program, policies and bia,
South Carolina, and Virginia. ThO
procedure. " The basic data will
San
Francisco
conference
will
then
be
disseminated
through
cover Arizona, California,
Nevada,
State
association
channels
to
Oregon, Washington; the Denver
clearing houses and other groups
so
that every bank will be fa¬ meeting, Colorado, Idaho, Mon-»
tana,
Utah,
Wyoming;
Dallas;
miliar with the Commission's pro¬
Arkansas,, New
Mexico,
Okla¬
gram for small business.
Fillowing a conference in Chi¬ homa/Texas; New Orleans: Ala¬
bama, Florida, Georgia, Louisiana,
cago, September 28, further con¬
ferences are scheduled as follows: Mississippi, Tennessee; and New
York City: Delaware, New Jersey
Richmond, Va., October 11; San
.
,
Francisco,
Calif.,
October
20;
Denver, Colo., October 23; Dallas,
Texas, October 26; New Orleans,
La., October 30; and New York
Two others
great deal City, November 9.
were held at Boston, Mass., Sep¬
equity financing will be need¬
"Very truly yours,
"FRANKLIN D. ROOSEVELT/!
New
York, Pennsylvania.
Bonds Qf Irish Free State
Drawn For
Holders
Redemption
;
J
of external loan sink¬
and at Cincinnati, O.,
ing fund 5% gold trmds, due Nov.
ed, they will fee in a better posi-:
September 18.
1, 1960, of the Ir\ h Free State
tion
to
obtain
such
financing,
tember 11;
(Saorstat EireannV ^ being noti¬
competitive posi-, tion as to the eligibility of a se¬ fied that $14,000 p1 ncipal amount
tion and provide employment.
curity for listing, it is suggested of these bonds h^ * been drawn
maintain
their
Department of Stock List! that you get in touch with me or by lot for redempt m on Nov. 1,
the Department
of Stock List 1944, at par. The bonds will toe
inquiries and is always
prior to making any representa¬ redeemed at the h?ad office,of
glad to receive and consider them
tion to the management of a com¬ The National City Bank of New
The
that
resented by wide
Its
more
Nine regional conferences,
their j state
an
becoming engaged in
effort.
would,
of the
ABA Post-War Small Business
may
of
comprehensive
information
adequate be adequately informed concern¬ published regularly with respect
auction market in the security can ing the affairs of the company, A
to the companies in which their
question which frequently arises,
be conducted.
money is invested, and that the
The following illustrations are, however, in connection with the listed
securities are readily pur¬
given, as a rule of thumb proce¬ listing agreements is that relat¬ chasable and salable in a market
dure, which may be helpful in ing to the publication of interim which is
closely supervised.
interpreting the general consider¬ statements of earnings.
The numerous inquiries which
The Exchange expects a com¬
ations outlined above:
the Exchange constantly receives
^
From the standpoint of earn¬ pany to agree to publish quarterly in relation to listing indicate a
ings, it would be ordinarily ex¬ statements of earnings on the desire on the
part of many com¬
pected that the company had basis of the same degree of con¬
panies to have the best market
earned a net in excess of $500,000 solidation as in the annual
report. possible for their securities in or¬
a year for at least two years prior The
quarterly statement should der that, particularly during the
to
some
,
assets and
able
only
welcomes
on
a
basis.
confidential
and
Where there is
informal
any
ques¬
pany
with respect to listing, in or¬ York, American
der to avoid
misunderstanding.
f^al agent, 55
Wall Street, New v ^k.
1569
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4323
Volume 160
State and
City Department
BOND PROPOSALS AND NEGOTIATIONS
alabama
Homewood, Ala.
Wanted — The
Tenders
will
first
for the city,
tenders until
fund agent
sealed
receive
noon
Birmingham,
of
Bank
National
sinking
tional
First
(CWT).on Nov. 7 of 3-5%
series bonds, dated Jan. 1,
1938, due Jan. 1, 1968, and 3-5%
second series bonds, dated Jan. 1,
1, 1968. The sums
available
for purchase of first
series bonds is $20,000; for second
series the sinking fund deposit
Associa¬
second high
Savings
&
Trust
tion of San Francisco,
bid
bidder,
(P. O. San Diego), Calif.
Election—Deputy County
;
alaska
and
To
V
purposes.
-.7 'v',
Portland,
To
1
To
:
,
the Fed¬
r"
authorization
Boulevards
71,000
186,000
8,000
7,000
4,000
11,000
California (State of)
2,000
71,000
Total
11,000
285,000
40,000
Santa
75,000
Stockton
cash
000
5,000
income
taxes
Vote
On
Issues
Bond
5,000
0,000
To
,
at the
vote
a
5,000
5,000
Recom¬
recommended
the
or m
bonds
of " $2,250,000
issuance
.
rehabilitation
$1,625,000 bridge con¬
drainage
and
struction bonds.
3Vc'fa
1-64
1-
1-45—
7-
7-
1-48—
7-1-46
2-
1-45-
2-
1-46
2-57-
1-
2-66
7-
2-48
5-
municipal
law
O'Melveny & Myers has
quested to prepare legal
ings for the proposed
firm of
been re¬
4-15-48—
8-15-47—
National Trust
1-45—
1-
1-45
2-
1-45
5-
1-45
8-
1-47
9-
1-15-46
6-15-48
1-47
8-
1-46
8-1-57—8-
,
1-56
5-15-69
6-
1-6:
1-63-
6-
1-64
1-62
6-
5 7o.5 7o
1-60-
6-
8-
4 V2 7o
___
•
112.882
.
123.868
3 Wo
7- 1-67— 7- 1-75
3%%.
__________
7- 1-66
Trust Co.,. both
City of Long Beach, Long Beach School and
City Hall
Gas System
30.000
Gas
76,000
Harbor
76,000
i—:
Improvement
Harbor
Improvement
Harbor Improvement
Harbor Improvement
Harbor Improvement
4
■*•4
1-58—
6-
1-6?
8-
1-50—
6-
1-59
4Va%
6-
1-46—
6-
1-6?
%7c
6-
1-61—
6-
1-55
8-
1-60
1-
1-53
1-55—
6-
1-67
8-
1-62
1-57
209,000
Water
Works
on
5 7o
5 7o
—
45,000
6,000
5,000
12,000
—
District ____________
City School District
City High School District
City High School District____
City
'
4 7o
Park
•
School
■
1-63—
6-
1-66
5 To
3-
1-47—
5-
1-58
6 To
9-
1-46
4 To
11-
3-
57a
6-
1-48—
29, 1944. De¬
nomination $100,000. Legality ap¬
due Dec.
proved by Orrick,
Dahlquist, Neff,
Stockton.
Calif.
City Uses Monthly Pay Plan For
Taxes—Stockton's
monthly paypractice by municipalities, allowment plan for collection of propertv taxes is an
example of a
ing citizens to
pay
in
installments,
Finance. Officers
ports.
1950,
in
$10,000
and
1957
and
1-53
the
Municipal
Association
re-
as
follows:
1951
and
$15,000 in
$16,000 in 1961
$21,000 in 1963
1958,
1960,
before tb#
general
'
»
FLORIDA
Belleair, Fla.
Bonds Validated—Circuit
Judge
Bird
recently
Court
signed tb#
final
decree validating
$358,000
refunding
bonds,
also
$12,30$
funding bonds.
The refunding
bonds will be
exchanged for
pres»
ently outstanding bonds, and th?
funding bonds will pay off a debt,
The
at
funding bonds
an
were
election.on July 25.
approve*!
;
Clearwater, Fla.
Bonds Offered For
Exchange-™#
Shields &
Co., of'New York and
Chicago, and associates, are offer¬
ing for exchange a total of $4,-
445,000 refunding bonds, dated
Jan. 1, 1944.
The bonds are de¬
follows:
as
by lot at the option of the City*
for sinking fund purposes only, at
100 and accrued interest, on any
interest date not earlier than
1, 1946,
notice.
July
30 days' published,
upon
All term and serial bonds*
on ox
before Jan,
1952,
of
Bonds
are
$1,000 each.
(Jan. 1
in
^prem¬
denomination
Principal and in¬
July 1) are
payable at The Chase National
Bank of the City of New York.
Coupon bonds may be registered
as to principal only, or as to botb
principal and interest. Registered
bonds may be reconverted into
coupon
form under terms pro¬
terest
and
vided in the bond resolution.
The
consists*
Strana1959 'han, Harris & Company, Inc.*
Cohu & Torrey, Sullivan, Nelson
of:
refunding group
& Company,
Shields
and
and
& Goss, Inc., Leedy, Wheeler &
Co., Municipal Bond & Investment
able prior to maturity in inverse Company, The Robinson-Humph¬
rey
Company,
and
Churchill,
numerical order on May 1, 1947,
Sims & Co., Inc.
and thereafter, and up to and in¬
Coral Gables, Fla.
cluding Oct. 31, 1954, at 102.50%
1962,
and
redeem¬
Said bonds to be
of the face1 value thereof
plus ac¬
Hearing Oil Bond Validationtime
Hearing on the city's petition for
after Oct. 31, 1954, at par plus
validation of $4,363,000 refunding
accrued interest.
Principal and bonds will be held in Circuit
interest payable at the office of
Court at 10 a.m on Oct. 24.
Thecrued, interest,; and
Town
at
The bonds
Treasurer.
sold
any
not less than par
at
interest
to
date
of
payment to the bidder specifying
the lowest rate of interest and
highest
premium,
if any,
above par, at which said bidder
city recently entered into a con¬
tract
with
houses
will
will
the
purchase
be considered
interest
rates
-
are
Trustees
1336.
lution
City Council passed a reso¬
on
Sept. 16 providing for
refinancing
of not
to
of out¬
interest rate
of $2,800,000
The Board standing bonds at
the right to
Fla.
Refunding Procedure Approved
—The
reserves
of investment
Fort Meyers,
Bids
multiples of % of 1%.
group
refunding outstanding
debt.—v. 160, p.
only in which
specified in
bonds.
a
for
the
of
3-
1
$12,000 in 1953 and 1954, $13,000
in
1955
and
1956,
$14,000
in
1-50
5 To
5%
of
notes at
plus a
premium of $3. Dated Sept. 25,
1944 and
4
W
Due Nov.
1944.
$7,000 in 1945 and 1946, $8,000 in
1947 and 1948, $9,000 in 1949 and
accrued
1-45—
Public
'
Sewer
Oct. 27 for the purchase
electric
light
and
revenue bonds. Dated Nov.
$250,000
and
6-
Outfall
Fanton, Town Clerk,
bids will be received until
be
8-
'
by
H.
will
8-
awarded
election.
ium.
Offering—It is stated
Bond
Verne
the
41/4 7>
-
placed
November
the
at
1, 1964; thereafter -without
Estes Park, Colo.
1-61
6-
$900,000 tax anticipation
0.24%,
interest at par
voters
be
Tex.,
1-65
4 '/o
Sacramento was
Sept. 20 an issue of
$420,000 issue (not
of hospital building
a
will
Kalamazoo, Mich., are redeemable, as a whole only,
Charlotte. N. C., and Laredo, Tex, at the option of the City, on any
Racine, Wis., is on the seven-pay¬ interest date not earlier than July
ment plan and San Antonio, Tex.,
1, 1946, at 100 and accrued inter¬
and Jackson, Mich., on the five- est plus a premium (in the form of
additional interest) of 5% or or be¬
payment plan.
All New Jersey
municipalities collect on a quar¬ fore Jan. 1, 1949; of 4% thereafter
terly basis.
; and on or before Jan 1, 1954; o£
Waco,
1-62
5 To-
Bank
cities are on
the 12-payment plan: Pittsburgh,
5-
Park
tional
bonds
scribed
The following five
1-53— 12-
Works
3,500
a
basis, if payments are not made
by the fifth of the month due, a
penalty of 2% per month is added
to each delinquent payment.
1-56—
Public
10,000
pay
$20
or
by
now
1-49— 9-
12-
4%
••
__—
$10
stated
operates finan¬ $100,000 21/2% Serial Bonds ma¬
cially on a calendar year basis.
turing July 1, 1945-48, incl,
City taxes are due Feb. 1 and be¬
475,000 314% Serial Bonds ma»
come delinquent for the year Nov.
turing July 1, 1949-59, incl.
30.
Under the system, city taxes
1,325,000 31/2 % Serial Bonds ma¬
may be paid in one payment or
turing July 1, 1960-74, incl*
divided
into
any
number
of
2,545,000 314% Term Bonds, ma¬
monthly payments up to 10.
On
turing July 1, 1979.,
the
10-payment
or
installment
All term bonds are redeemable
city
5-
V\ 7o
5 7o
r,—
Water
30,000
20,000
of
"
9-
5 7*
—
System
Could
probably
they
installments
1964.
18,000
City Unified School
District (P. O. Sacramento), Calif.
Note Sale — The Capital Na¬
not
1,
8-1-45—
75,000
special election.
paid in two payments. City
decided if people could
make these large tax pay¬
power
1-48
Co.j
30,000
taxes
8 p.m. on
8-
Savings Association, San Francisco,
District
city
time
that
officials
of
45,000
Sacramento
At
14%.
were
that
1-45—
8-
57*
-
__
Oxnard/Harbor • District
70,000
1-45
1-
—
&
the depres¬
sion period, Stockton had a cur¬
rent
tax
delinquency of about
8-15-46
1-
.
—_.__4% 11-1-54—11-1-58—7-6-62
2Vzr/o
9-10-62— 9-10-65
District
12
Like many cities in
8-15-48
by the voters at a
considered
urer, that
$1,000,000)
3% thereafter and
proceed¬
issue of
$250,000 sewage disposal plant en¬
largement bonds.
The issue will
be
cities in
five
1-47
4'/4^
Water
School
20,000
Engaged
—The
&
Northern
and
7-1-65
1-44—12-1-56
High School Districts—
Calif.
Attorneys
Issue
..
1-45—
12-
1-55
American Trust Co^, San Francisco, Harris Trust &. Savings Bank,
of Chicago, R. II. Mioulton & Co., Heller, Bruce & Co.;*
Weeden & Co., jointly, 132.005
BIythi
710,500
Pomona,
Bond
■
1-
Trust & Savings Association, San Francisco,
Oxnard Harbor District—
55,000
Oxnard Harbor
.
To
1-45—
7-
4 Vi 'to
4%
1-
Gabriel
of Pasadena, Water ;
^
City of San Bernardino, Water
City of Stockton, M. I.
of America
Bank
1-63
142.563
Portland,
San
City of Eureka and Eureka School District—
125,00
6-
b'.b
5% '
5 7a
5 7a
5%
City
15,000
To
1-45—
4Vi%
4Vz'fa
5 To
Water
68,000
November election
Bank,
Pasadena,
of
Bank of America National
83,000
1-65
5%.'
Hills School District
Beverly
City
10,000
charter amendments providing
on
for
st
has
Committee
ter
National
First
5,000
Dam
To
1-66
6-
5 To
Oakland, M. I._
_______
Oakland, School & A«dit__,
of
5,000
Council's Char¬
mended—The City
five, eight in 10 payments and
Greeley),
is
.
7-
1-45—
5Vi
5%
Riverside County, Highway _______
City of Stockton, M. I.
Sutter County, Highway
_____
Tehama County, Bridge __________
Tehama County, Court House ____
10,000
30,000
1-48
1-46—
1-
3ViTo
Oakland School District
City of Pittsburg, M. I.
de¬
in three payments,
installments, two cities
seven
in four
colorado
.
City of
10,000
$4,356,653 from $7,020,601, and unemployment insurance
levies were up to $44,243,396 from
$43,872,774.
Long Beach, Calif.
Election—It
Harold H. Seaman, County TreasT
by
taxes
12
107.983
Portland,
Records
of
City
■2,000
and
1-6C
4 V2T0
1,000
creased to
.
7-
1-44—12-
7-
5,000
$7,411,286, off
from the $7,688,526 reported in
the
comparable period a year
earlier.
Bank
and
corporation
1-45—
1-46
■'<
Fresno School District
Fresno City High School District—
Monterey County Highway
5.000
franchise
76-
12-
4%/
Bank,
of
as
collection in two install¬
Alameda County Court House and
5.000
totaled
1-48
7-
•
National
rirst
many
59
-The
1-46—11-
122.097
Portland,
.
fis¬
year
Bank,
National
District
3,000
the two months of the present
cal
Water -Conservation Dist.,;
Valley
Hall
gasoline taxes received in
1-45
110.41,2
Portland,
Bank,
as
month.
1-48
2-
11-
W/o
___
National
First
_
____________________
District
Stockton Port District
4,000
trophe reserve fund.
Net
_
Stockton- Port District
5,000'
set aside in the war catas¬
was
in two
install¬
In 1943 at least 155 cities
allowed
in
Stockton Port
j0
$146,000,240, com¬
pared with $96,564,615, ■»* a year
earlier, and in addition, $25,000,*
in
collection
the
ments,
4'/a%
____
—
________
Port
5,000
t.M
66,000
l-4«
7-
Valley
25,000
excess was
ward
1-52
5'iv
45,000
$32,539,495, respectively.
31, the general fund
7-
7-
6-
First
To
As of Aug.
1-471-47-
4 V2'/»
4Vi'zi.
5%.'
_i
Water
Clara
State
and
7-
7-
AVsTo.
_
To
Controller, announced on
Sept. 28.
Total disbursements in
the same periods were $50,049,869
4Vi'so
w—3'fa
4#
Spring
Water
315,000
181,000
pared with $44,829,224 in the same
period of 1943, Harry B. Riley,
4Vi (^
A IA
123.997
..
Sewer
2,000
*
■
-1-66
,
2.000
General Fund Receipts In Two
1
1-63-
Hetchy
5%%
12- 1-48
High Pressure System
____
3%
1- 1-46— 1-1-4J
Hospital _______________4V2T0
1- 1-46— 1- 1-48
Jail
7- 1-45— 7- 1-48
Memorial Hall
J
Wh
2-1-45
'
Parks and Squares
AV2T0
2- 1-60
Playground
___J
•—4.ViTo*
19- 1-46
Relief
___
4
9- 1-47
Relief
4'/-%
3r 1-48— 3- 1-64
School
_
5'h ■
12- 1-49—12- 1-62
Sewer
'
■'
6,000
y <:
1-54
1-
Hetch
2,000
receipts of the State of California
1-
—~
Roads
Hetchy
Hetch
of
•.
4ViTo
''
i
—
Hetch Hetchy
Hetch Hetchy
15,000
general fund in July and August
amounted
to
$41,296,075, com¬
&
Hetchy
Hetch
190,000
'V
—
"
_________
Portland,
Bank,
City Hall
•:d"5,000
issue.
Decrease.
By 1933,'
Weld County (P. O.
Colo.
Bond
payments.
,t
By 1939, as a result of depres¬
sion years, a trend sprang up to¬
7-
4 Vi To
SVz'/o
Boulevards
34,000
•.;/>
1,000
'
Show
'
*•
r>
National
First
11,000
California'
Months
Improvement.
i rtf
Oy\Lrt/\l
City School District
City High School District
1- 1-62— 1-1-64
'7:'
1-617- 1-61— 7- 1-62
"
____________—
Municipal
7
.
/•'■■■■%:'■ :
School and
City and County of San Francisco—
1,000
Bernal Cut
_____
1,421,000
Federal subsidiary,
for $9,000,000. Completion of the
purchase awaits approval of the
the necessary bond
A f\
To
a
and
4
2- 1-45— 2- 1-51
124.133
Portland,
Bank,
National
First
Filtration
9,000
I
Light & Traction Co. of an
the city to purchase
Electric Light
electorate
payments in
in
57o '
11,000
Tucson Gas &
Co.,
Bank,
National
First
52,000
offer made by
7- 1-48—7-1-57
57o-
Filtration /
5,000
arizona
& Power
First
City of Sacramento, Sacramento
High School Districts—
7
87,000
Offers To Purchase Utility—The
the
when 43 cities per-,
war
mitted property tax
148.566
Oakland High School. District
Tucson, Ariz.
eral
last
ments,
4%% "
35,000
\
Securities and Exchange Commis¬
129.112
Highway District— —
&
Bridge
Portland,
Bank,
National
First
1- 1-46-^ 1- 1-54
78,000
10.0Q0
sion has been advised by
the
ments.
5%
—
;112.406
system, and for other
power
pay
cities
123.897
Portland,
National Bank,
First
National Bank, Portland,
Merced County Highway
To
,
,
city to issue $150,000 bonds. They
and
taxes on the installment
plan really got under way after
to
installments, six cities in throe
and nine municipalities in four
'■ •'.' 7.MATURITY
Municipal Utility District
Golden Gate
119,000
will be issued for the construction
extensionsof
Bay
;'T
"
TITLE
East
$119,000
forwarded
signature
betterments, and
the
electric light
each bid.
,
To
of additions and
personnel requirements in the
city auditor's office.
The practice of allowing citizens
20, 1944. A certified
$5,000 must accompany
check for
great
112 cities allowed payment
(State of)
California
authorizing the above
measure
the ballot at the same time.
before Nov.
influxes
eliminate
to
two or four installments.
Award—Earl W. Chapman, Executive Secretary
State Employees' Retirement System, awarded on Sept. 28 a total of
$2,988,500 local municipals as follows;
'
7 7/.^
to the President for his
a
Elementary Sch. Dist. con¬
Fund
Sinking
Ketchikan, Alaska
approved
Chula
of
CALIFORNIA
Bond Issuance Authorized—The
Senate
issue
struction bonds will be placed on
Clerk P. Lutjens confirms our re-
PAR VALUE
.
He also states
$200,000
a
Vista
Bond
1938, due Jan.
is $30,000.
that
County School Districts
San Diego
city's coffers
in
placed
before the voters at the November
of general election.
interest rate
premium.
an
0.24% and $1.75
into the
revenue
and
construction bonds will be
The
Cisco.
of
that a $540,000 issue of
Sweetwater Union High Sch. Dist.
port
Herrington of San FranBank of America Na¬
Brown &
an
exceed 3%. City Attor¬
instructed to take the ne¬
reject any and all bids and to sell
the bonds at private or auction
sale.
The approving opinion of
ney was
ing
steps to have the refund¬
validated in time to permit
Pershing, Bosworth, Dick & Daw¬
call
for
of Denver, and a copy of the
transcript of proceedings tvill ac¬
about Oct.
son,
Starting 10 years ago, this California city has used the system to company the bonds when deliv¬
reduce property delinquency from ered. It is excepted that, delivery
their city taices 14 to 1%, to provide a stable flow of the bonds will be made on or
cessary
interest
competitive bids on pr
20.
Limitation of the
rate
prospective
yiq
to 3% indicates a
saving
in
interest
the
refunding
of
_
$975,000.
In connection with th$
THE COMMERCIAL &
1570
proposal, Mayor Fitzsimmons was
quoted in the local press as say¬
ing that the "operation will be
cash refunding in toto and not an
exchange refunding like the one
of 1939 which dragged out over
weary months."
The outstanding
bonds, he said, "will be called at
once for payment when, as and if
an acceptable bid is tendered and
accepted."
1
Any consumer fail¬
amount due.
ing or refusing to pay the tax may
be fined not more than $100, or
querit
jailed for a maximum of 10 days,
or
both.
Utility companies must
will
Proposed Refunding—The Sept.
-23
issue
of
the
"Palm
Beach
in
Included
which
also
taxes,
the necessary tax assess¬ in
post-war plan
approved
by
schedule of specific
a
building
posed expenditures for the first
two years after the war and an¬
nual recurring additions to the
budget as a result of extended
bond-holders' committees and the
November 7 and vote
favorably on a proposed $1,000,000
the
polls
'
bond issue.
10% of
the freeholders must be filed with
the Port Commission before it can
call
election.
an
Commissioners
"District
undertaken, esti¬
cost
seven-year
of
a.m.
paved
the bond election Fri¬
the way for
day afternoon when they entered
into an agreement with the Han¬
son-Davidson Company of Wich¬
of
year,
ties
more
5,000
in
been
inspected,
taxable proper¬
category have
interest
chase the new bonds at an
rate of not more
than 3%j and to
utility tax of $175,000 a year
refund
of
$585,000
the
district's
within
present bonds, falling due
the
next five years.
"J.
B.
Sullivan, who presented
agreement
for
the bond
houses, explained that under the
the
will be supplemented by $208,000
the
city accumulated as a result
tax collections and
abnormal
of
curtailed
in
operations
recent
years.;
The seven-year program will be
current
from
financed
and the City
Commission will re¬
judg¬
the dis¬ view the program annually. The
would be
City Manager, the City Planning
of 4.6 Board and
department heads will
mills during the life of the bonds
make studies and prepare a sched¬
to an average of not more than
ule of priorities for each succeed¬
arrangement
proposed
jointly, as
Ife
1, 1944, and due as
follows:
$3,084.16 July 1, 1946;
$3,000 Jan. 1 and July 1 from 1947
to 1954 incl. and $3,000 Jan. 1 and
Dated
City,
Sept.
from
average
an
The bonds were
sold at a price
100.69, a basis of about
This would be accom¬
3.25 mills.
plished, he said, by reducing the
rate on the refunded bonds from
their -present
maturity rates and extending ma¬
said.
ing year, the association
Securities
City
Clark
County
district as a
bond com¬
price of 100 and
the
with
panies will bid a
(P.
County
Decatur),
O.
Offeriiig—Scott
Bond
Candler,
Commissioner of Roads and Rev¬
will
enues,
receive
until 7:30 P.M.
on
sealed
Oct.
bids
It) for the
$1,000,000 in purchase of $1,600,000 various im¬
provement bonds, dated Jan. 1,
new bonds offered at public sale.
This will not prevent them from 1945 and due serially starting in
1946.
Offering a better bid or. preclude
other bidders from submitting of¬
Newman, Ga.
explained.
the
bonds
new
agreed upon hereafter."
Bonds
Offered
For
Oct.
on
asked
14
school
an
voters
authorize
to
$150,000
the
The
an
election
will
be
issue
of
building bonds.
issue would bear
that sealed bids will
retary,
be
Oct. 10
blocks of State and munic¬
until 3
received
for 23
on
p.m.
investment
New York and
carried
rate
of the city
on
is 3%.
Chicago, are offering for public
subscription a total of $1,075,Savannah, Ga.
r
Bonds Voted—At an election
000 refunding non-callable bonds,
dated Nov. 1, 1943, divided as fol¬ Oct. 4 the voters authorized
an
Denison, Iowa
Bond Election—The City Coun¬
the date
election at which the voters
cil has set October
of
an
will pass 6n
000 airport
13
as
the issuance of $36,-
site purchase bonds.
previously noted in v.
160, p. 1339—are dated Oct. 1,
1944, in $1,000 denoms. and ma¬
ture Nov. 1, as follows: $1,000 in
1945 and 1946; $2,000, 1947
and
1948; $1,000, 1949; $2,000, 1950 and
1951; $1,000, 1952;
$2,000 from
1953 to 1962 incl. and $3,000 in
1963. Legality approved by Chap¬
as
$300,000 3% Series A bonds,
$1,000,000 water supply
maturing from May 1, 1945, to bonds.
1962;
$186,000
3y4%
Series B
ILLINOIS
bonds, maturing from May 1, 1964
to
1971, and $589,000 Series C
Chicago, III.
bonds,
maturing from
May 1,
Council
Approves
$3,000,000 man & Cutler of Chicago.
1972 to 1980. .Prim and int. (M-N)
Lighting Plan—At a special meet-'
Sioux City, Iowa:m
payable at the Central Hanover
ing on Sept. 27 the City Coun-1
Bank & Trust Co., New York City.
Bond Sale—The $125,000 gen¬
cil
is
said
to
have
approved
Coupon bonds registerable as to
eral obligation bonds, comprising
Mayor Kelly's plan for a $3,000,principal only. Legality approved 000 bond issue for
12,000 new street $50,000 flood protection, due 1951
by
Masslich & Mitchell, New
to 1955 incl., and $75,000 bridge,
lights for all sections of the city.
York.
The proposal will be passed upon maturing from 1950 to 1954 incl.,
were awarded on Oct. 4 to Halsey,
by the voters at the Nov. 7 gen-;
West Palm Beach, Fla.
Stuart & Co., Inc., as Is, at a price
City Levies New Tax On Util¬ eral election, it is reported.
City
of 101.241, a basis of about 0.846%.
ities.—A 10% tax on local utility Comptroller
Robert
B.
Upham
services will help finance a seven- said that the city plans to issue Complete details of the offering
appeared in v. 160, p. 1451. The
the
year $1,688,000 post-war improve¬
bopds on a six-year basis at First National Bank of Chicago,
ment and maintenance
There is no legal
program 1 Vz % interest.
next highest bidder, offered to pay
in West Palm Beach, Fla., the In¬ barrier to the issuance, he
issue
lows:
of
at
a
of
160,
price of
courthouse
and jail bonds. Dated
Sept. 1, 1944. Issue was approved
by the voters at an election on
Aug. 22.
>
MAINE
Maine (State
Sale—J.
Stein Bros.
of
B.
'road and bridge constructioh pro^
noted that there is
balance
for
&
&
refunding
the
issue
interest rate
of
sewer
the
out-
an
original
sewer
balance
$135,000
of
revenue
The current issue is dated
bonds.
Oct. 1,
1944 and consists of $29,000 2s, maturing on Oct. 1 from
Managers Asso¬
ciation reports.
The
new
tax, provided by ordi¬
since
Chicago still has $50,000,000
of bonding power available. Mayor
Kelly's proposal was advanced as
substitute
a
and
$175,000 a year. The Copk County (P. O. Chicago), III.
will be added to monthly util¬
Balance of Unpaid Real Estate
will bring in
tax
ity bills—10% oil each utility
bill
to $25, 5% on the next $50 and
1%
on
the
remainder
of the
up
charge over $75.
It is
each
family will pay
cents to
to
$1.50
a
estimated
from
75
month.
Utility companies are required
collect the tax with bills for
Taxes Down To
balance
Cook
6%
of
real
and semi-annual interest
and
(April 1
payable, at .the
City Treasurer. Le¬
October
office
of
1)
the
approved by Chapman
Chicago.
estate
taxes
and Federal funds
during wartime be¬
curtailment of highway
of
work.
The highway
is in addi¬
super-highway toll proj¬
by ' the Maine
Turnpike Authority, which would
be financed through the sale of
department
program
tion to a
ect
contemplated
This
bonds.
revenue
be
Kittery
about
facility
-
between
has
to Portland would cost
$12,000,000.
No. estimate
announced
been
the
to
as
over-all cost of the span.
MARYLAND
Maryland (State of)
$48,000,000
Of
Construction
Work Possible In First Post-War
of
total
Year—A
in
$48,000,000
public works projects
will be
ready for construction in the State
during the first year after the war,
Governor
Herbert
R.
Conor
has called for payment ori Nov. 1,
1944, 21/4,% bridge revenue refund¬
ing bonds due Nov. 1, 1955. The
bonds were drawn by lot for re¬
demption pursuant to provisions
until 3 P.M.
or
Trust
deemed
Trust
Chemical
the
at
Co., Louis¬
will be re¬
and
Bank
&
Co., New York City.
Monroe
County (P. O. Tompkinsville), Ky.
i
Band
Local
Call—W.
J.
Moore, State
Finance Officer, announces
call for payment on Nov.
at the
1, 1944,
Fidelity & Columbia Trust
Co., Louisville, $16,000 4V2% road
and bridge bonds of the county,
Nos.
to
1
of
16,
issue
the
dated
May 1, 1942. Denom. $1,000.
i
Massachusetts (State of)
Made For Post-War
12
Sale—The
Bond
curities
Oct.
Corp.
3
for
Se¬
awarded
of
$9,000
Election—At
on
Sept.
12 the
an
issue
of
voters
$35,000
election
approved
airport
con¬
struction bonds.
Bath
on
school
goods
to
and
the
nation
all
parts ' of
the
world, is being
pushed by the "State Department
of Public Works."
Bids
are
26 for the
additional
At
a
later
of
ment
foreign
to be opened October
dredging of fill for two
runways of 7,000 feet.
date, when freight ship;manufactured goods to
countries is
proposed
,
by
Massachusetts industries to rehab¬
ilitate
will
Bay
State veterans, plans
made
be
for
construction
seaplane base at the airport.
of
:
The new 7,000-foot runways are
be the longest at the present
purchased
airport
by the State
City of Boston.
At
present, two dredges are
pumping clay from the harbor
to
bottom
construct
one
."runway
of
about the first of December.
net interest cost to the
Bank
of
Jonesville, second
a
rate of 3%.
Sale
issue
of
(State of)
Postponed—Sale
$489,000 not to
of
ex-?
ceed 5% interest series A institu-i
tional
improvement
inally
p.
bonds,
scheduled for Oct.
1027, was postponed.
orig¬
3—v.
No.
8
Bond
&
Alvis
(P. O. Ray ville), La.
Sale
of
Details—Kingsbury
New
Orleans
,
Surfacing of the runways will
be started in the Spring, accord¬
ing to Gen. Richard K. Hale, di¬
rector
ways
of. the
division
of
water¬
for the State Department.;
surface at the air¬
The present
cinder
constructioh
definite
runways."
longest run for'a take-off and
landing is now 5,000 feet and the
shortest is 2,500 feet.
Enlargement of the airport, to
port
is
without
of
any
The
Richland Parish Sub-Road District
County (P. O. Owingsville),
Ky.
shipment
houla
a
high bidder, named
160,
KENTUCKY
in
Enlargement
district of about 2.46%; The Cato-
the
an
—
Logan Airport at
the starting place
of Massachusetts-
as
7,000 feet and another of 5,000
feet.
This fill will be completed
bonds at
Lousiana
Bond
General
Boston,
Air
from the
Equitable
was
issue
an
Expansion
the
made
to
(P. O. Jonesville), La.
>
Plans
LOUISIANA
Bond
Russell, Kan.
MASSACHUSETTS
Travel
a
Catahoula Parish Sch. Dist. No.
part of bonds tendered.
any
.
in
the right to purchase all
reserves
Louisville Bridge Commission and
Trustee,
Oct. 10. Offers will
and the Commission
1961
or
East
Louisville
on
be received of bonds maturing
of
ville,
bridge revenue re¬
bonds of June -1; 1941,
funding
of the trust indenture between the
the
of
amount
I960
Louisville Bridge Commission, Ky.
Bond Call — The Commission
KANSAS
6%—The unpaid
County was approximately
Aug. 31 as compared with
at the end of 1942, Victor
on
101.116 for Is.
for the
original $2,approved by the voters,
applies to sales of electric, gas, 000,000 bond issue plan of Alder¬
man A. G. Lindell.
water and telephone service and
nance
$10,000,000
1945
to
1949
incl., and $97,000
2V2s, due on Oct. .1 from 1950 to
1959 incl, Coupon bonds in $1,000 announced on Oct, 1.- The aggreT
denoms. Optional for redemption gate expenditure contemplated in
on any interest payment date prior
peace years
is $148,781,284, ac¬
to maturity at par and accrued cording to a report of the Mary¬
interest plus an amount equal to land Commission on Post-War Re¬
34
1% of the principal amount construction and Development.,
,
ternational. City
unexpended
an
than
more
senting State
bonds, issued
of
refunding
purpose
lower
a
of
available for that purpose,'repre¬
.
said,
to cost over $18,000,000, and
gram
reported that the initial link from
Hilliard
$126,000"2%-2V2%
revenue
Pro¬
posed—The State Highway ComA
mission has proposed a post-war
Kittery and
Fort Kent and the Authority has
Ky.
J.
of) •
Project
Highway
Super
would
•
.
Boyce, both
Louisville, jointly purchased an
isue
at
Bros.
net interest cost of about
Lebanon,
Son &
re¬
v.
—
2.871%.
& Cutler of
100.50,
on
Stein
875—were
$4,439,000. gality to be
ipal bonds aggregating
airport bonds awarded Sept. 19
to Shaw, McDermott & Sparks, of
Des Moines, as IV4S, at a price of
years.
purchased by
Bond
un¬
$25,-
interest
—
The lowest
outstanding debt
20
revenue
Boyce 6f Louisville
a
4%
for each year or fraction thereof
Tenders Wanted
William A.
Company (Des
between the redemption date and
Moines), Iowa
Codd, Chief Auditor State Roads
the maturity date, in The inverse
Sealed Bids Invited—It is stated
Commission, will receive sealed
order of their maturity. Principal tenders
for
by R. B. Patrick, Financial Sec¬
$105,000
principal
Jefferson, Iowa
Bond Sale Details-^The $35,000
period of
bonds
103.75,
exceed
Life
Bankers
proposed
l2/2% interest and mature over a
Sarasota, Fla.
—Shields & Co., of
Election—At
Bond
and the
refunded bonds would be callable
Under
conditions
that
may
be
"Both
100.88
2
IOWA
DeKalb
accrued interest for
fers, Mr. Sullivap
100.44
Vz
Washington State
GEORGIA
$10,000 check has been de¬
posited
100.79
Vk
■
-
101.14
V/z
Corp.;—__
State Bank,
Jeffersonville
New
Ga.
guarantee that the two
Bid
Vh'*
& Co
Nuveen
Bank, New Washington..
turities five years.
"A
Price
Int.
Rate
5V2 % to 3 V4 % from
•
1.139%.
Other bids:
John
works
sold
to
not
construction
Springs, Ky.
$59,000 3-3 y4%
Standing
ri
$3,500 July 1, 1955.
trict's debt service levy
reduced
Dawson
Price Paid—The
p.
funding bonds offered
Kansas
of
Jury, will receive sealed bids
accumulated
1, 1956.
&
Bond Sale—The $57,584.16
revenues,
Offering—L. R. Williams,
of Police
Secretary-Treasurer
cause
cently
Sept.
Estimates show the city prob¬
29—v. 160, p. 1236—were awarded
ita, Kan., and New York, and ably will spend $558,000 for post¬
to Fox, Reusch & Co., Cincinnati,
Sullivan, Nelson & Goss, of West war projects the first two years
Smart & Wagner, of Louisville,
Palm Beach, Fla,, whereby the
after the war.
During this period
and
Baum, Bernheimer Co. of
two
bond houses agree to pur¬
the
Oct.
on
water
Jeffersonville, Ind.
ment
Due
with a number
made or recom¬
INDIANA
.
by Haskell H. Jarvis, Clerk of
the County Fiscal Court; for the
purchase
of
$10,000
road
and
bridge bonds. Interest rate is not
to exceed 4%, payable A-O. Desaid, nom. $1,000. Dated Oct.
1, 1944.
mended.
ri
Nov.
on
1
latter
the
adjustments
of
and extension
of streets, sidewalks and seawalls;
replacement of equipment for the
fire,
police, health and public
works departments; construction
of a two-story fire station; and
repair
Schlaeger
Mr.
than
past
Improvements planned are pre¬
of lake pollution, recon¬
struction of some sewers and in¬
codification of city ordinances.
their
property, usually va¬
cant, from which revenue was less
than the taxes on them.
Over the
service.
cinerators;
and
corporations
owners
vention
petition signed by
"A
total
June and Dec. A certified check
the
said
Schlaeger
each, average cost per year, pro¬
mated
Dec.
for $600, payable to order of the
most County
Treasurer,
is required.
typical offenders are "the profes¬ Legal opinion of J. M. Mclntire of
sional dodger," and out-of-town Flemingsburg will
be furnished
owners of taxable
property who the successful bidder.
use
their absentee ownership as
Carter County (P. O. Grayson), Ky,
an excuse to avoid payments. Also
Bond Offering—Sealed bids will
mentioned
as
delinquents were be received until 9
Mr.
port:
Palm
Beach will be more than doubled
in size if a sufficient number of
freeholders in the district go to
on
Leesville),
til Nov. 6 for the purchase of
projects to
.,
part
O.
000
Times," published at West Palm
Beach, carried the following re¬
"Facilities of the Port of
in
or
ments.
fund.
be
whole
in
15,
Mr. Schlaeger said
attention has been and 1952, or any subsequent interest
paid to those who accept date, at par and accrued interest.
services of the city but do Semi-annually interest payments
the
was
voters were a
(P.
La.
be
not pay
city and turn tax rev¬
enues
over
to
the city every
month to be credited to the gen¬
tion by the
District, Fla.
Parish
Bond
more
that
for inspec¬
keep complete records
Verricn
14.67%
the
collect
eral municipal
Pdrt of Palni $ each
property taxes were building revenue bonds. Dated
Oct. 15, 1944. Due Dec. 15, as fol¬
tmpaid, he added. Speak
ing of the work that has been lows: $5,000 in 1962, $10,000 in
1963 and $5,000 in 1964. Callable
done in the collection of delin
and personal
any company failing to
tax is liable for the
service;
Monday, October 0, 1944
FINANCIAL CHRONICLE
were
be used
as
a
boom for New
Eng¬
Se¬
land's post-war air traffic, is be¬
Schlaeger, County Treasurer, said County Judge, will receive sealed curities Corp. in the recent pur¬
recently.
Railroads were delin- bids until 10 A.M. on Oct. 14 for chase of $75,000 road bonds, prequent to the extent of only 0.06%,'the purchase of $20,000 3% schoolviously reported in v. 160, p. 1237.
$4,350,000
bond issue authorized by the last
9.1%
Bond
Offering—Walter
Shrout,
associated with the Equitable
ing
financed
under
a
session of the Legislature.
Volume
'
THE COMMERCIAL & FINANCIAL
Number 4323
160
Middlesex County (P. O. East
Lehman Bros.,
notes
Oct. 3—V. 160,
-
offered for sale
on
awarded
1452—were,
p.
National
Union
0.235%
at
April
on
bid
best
Second
Oct.
Dated
discount.-
Due
6, -1944.
Lowell
of
Bank
the
to
was
1945.
25,
offer of
an
0.245% discount,, submitted by
National
the
Rockland Bank of Bos¬
:
ton.
First Boston
Corp.,
Gulf port,
Blair & Ccn, Inc.
and
Bankers Trust Co.,
•
New
■
«
York,
Lazard Freres & Co.,
michigan
Sale—The
Bond
Harriman, Ripley & Co., Inc.,
Goldman, Sachs & Co.,
Park, Mich.
Allen
$466,500
cou¬
refunding bonds of 1944 of¬
Sept. 26—V. 160, p. 1339—
were awarded to Barcus, Kindred
&
Co., Chicago, at a
price of
100.006,
a
net
interest cost of
pon
fered
follows: For $201,Nov. 1, $11,500 in
about 2.85%, as
500
maturing
1945, 810,000 in 1946 to 1948, $15,in
1949 to 1952, $20,000 in
000
1953
1957, as 3s, $115,000 ma¬
to
turing Nov. 1, $20,000 in 1958 and
1359, 825,000 in 1960 to 1962* as
2'3/4S,
$60,000
maturing
$30,000
Nov.
1, 1963 and 1964; optional
1953 and 1951, respectively,
Nov. 1,
112S, to call dates, 3s, there¬
after; $30,000 maturing Nov. 1,
as
1965, optional Nov. 1, 1949, as
114s, to call date, 3s, thereafter;
and $60,000 maturing $30,000 Nov.
1, 1966 and 1967, optional Nov. 1,
1947 and 1945, respectively, as Is,
:
Kean, Taylor & Co.,
Northwestern National
harbor improvement,
third series bonds, Nos. 19 to
848. Due on Nov. 1, 1945 to
School
District, Mo.
$35,000
1 y2 % school bonds has been pur¬
Afton
chased by the City
Y,
jointly,
$2,260,000, 1.20s__—100.259
Craig, Neb.
Refunding Bonds Offered—John
M. Douglas
1, 1964, and $27,000 Oct.
15, 1964. Bonds maturing Oct. 15,
1964 are optional Oct. 15, as fol¬
Bonds Sold—An issue of
National Bank
City. Dated
& Trust Co. of Kansas
Bonds
Light & Traction Co.
has tentatively contracted to sell
turity.
5% Utilities Tax Suggested— facilities of its subsidiary, the
Acting
City Research
Director Springfield Gas & Electric Co., to
Clifford Brandt advised the City the City 6f
Springfield for a sum
Council on Sept. 29/ that a ;5% of
$6,750,000, according to report.
receipts tax on local utilities
would produce
Montana
approximately $1,-
bonds
at
public sale.
It
that school
agreed
mature
serially up to 1974
Borough bonds to 1979,
approximately $1,000,000 of
term bonds maturing 1979-1984.
and
-
the
The Commission is of the opin¬
that
based
on
these
broad
ion
principles, with a stipulation that
no surplus revenue would be used
without the approval of the Mu¬
nicipal Finance Commission, and
a further stipulation that the plan
would provide for the retention
of the Municipal Finance Com¬
until the indebtedness of
mission
the Borough of Fort Lee is within
all legal limits, it was felt that
appropriate resolutions might be
prepared for consideration at a
Issued for the
Treasurer's office.
of refunding
purpose
the
like prin¬
a
Village
boundaries. Legality
approved by Wells, Martin
be
to
&
Neb.
ber
Election—At the Novem¬
general
will
the
election
consider
issue
voters
of
$55,county hospital improvement
000
an
Sept. 28, at 12:00 o'clock noon.
Messrs.
Fyre,
Cavinato
and
Johnson appeared after the Com¬
mission had agreed upon the fore¬
going and were informed of the
general plan which the Commis¬
sion
had
raised
fect of
ation
mind.
in
full cash basis
a
on
Johnson
Mr.
question as to the ef¬
some
the Borough
of oper¬
and was di¬
rected to take immediate
Lane, of Omaha.
Dodge County (P. O. Fremont),
Bond
700,000 in revenues annually. Mr. Blaine
County School District No.
Brandt
was
requested
by the
to call dates, and 3s, thereafter.
12 (P. O. Harlem), Mont.
Board of Aldermen to report on
Bond Sale
The $15,000 build¬
Bessemer Township School District
possible sources of additional rev¬
ing bonds offered Sept. 25.—V.
(P. O. Bessemer), Mich.
enues, principally as a means of
160, p. 1340—were awarded to the
; Note
Sale—The $25,000 tax an¬ paying for relief costs out of cur¬
Security State Bank of Harlem.
ticipation notes offered Sept. 29— rent income rather than from the
96, with all bonds
meeting to be held on Thursday,
$1,000 in 1946 to 1948, and
$24,000 in 1949. Principal and in¬
payable
at
the
County
s
gross
than
offered
further
terest '
Offered For
The Federal
less
be
was
lows:
Sept. 1, 1944.
Legality approved cipal amount of outstanding valid
Investment by Charles & Trauernicht of St. bonds, and will be in the opinion
—The successful bidders reoffered Louis.
Of counsel, valid general obliga¬
the above bonds for public sub¬
tions of the Village, payable from
Springfield, Mo.
ad valorem taxes levied against
scription at prices to yield from
Utility Purchase Considered— all of. the taxable
0.40% to 1.10%, according to ma¬
property within
!
to
with
000 Oct.
missouri
Mullaney, Ross & Co.,
tion bonds.
Investments, of Omaha,
refunding agents, is making pub¬
1967 incl., and on Sept. 25, lic
offering
of
$45,835.58
3%
1968.
refunding bonds. Dated Oct. 15,
82,000 harbor improvement, third 1944. One bond for $835.58, others
series bonds, Nos. 849 to 930. $1,000 each. Interest A-O. Due as
Due Sept. 25, 1968.
follows:
$835.58 April 15, 1946,
All of the bonds are dated Sept. $1,000 April 15, 1947 to 1963, $1,25, 1968. Denom. $1,000.
Bank, Minneapolis,
C. F. Childs & Co.,
Stern Bros. & Co.,
Allison-Williams Co., and
29 the voters approved an
issue of.$12,000 jail and fire sta¬
$830,000
••
For
city has called
Nov. 1, 1944, a to¬
tal of $912,000 bonds as follows:
Piper, Jaffray & Hopwood,
j.
jointly,
For $1,960,000, 1.10s„—100.0178
not
election oh
an
Sept.
for payment on
Eastman, Dillon & Co.,
Otis & Co.,
Bonds Voted—At
Miss.
Bond Call—The
Estabrook & Co.,
1571
Bellevue, Neb.
Leland
having been made by
Speed & Co. of Jackson.
Halsey, Stuart & Co.,
Cambridge), Mass.
Note Sale—The $250,000
CHRONICLE
bonds.
forecast the
the
of
effect
a
steps to
full cash
of operations
basis
in order that
might be in¬
possible effect bri.
Commission
of
formed
any
estimated tax rates.
Long Branch, N. J.
Bond Offering—J. Arthur Wood¬
—
160, p. 1340—were awarded to
the Bessemer National Bank, at
V.
4%
and
proceeds of bond issues.
The report, which was referred
interest.
Dated Oct. 2, 1944, to the Council's public utilities
due Jan. 15, 1945.
committee for
study, estimated
Gallatin County
School Dist. No. 3
(P. O. Manhattan), Mont.
Bond Offering—Sealed
received until
be
8
p.m.
Oct.
on
sider
totaled
$34,884,155.
issue
an
an
voters
of
election
will
Fort
The
Local
sion at
Lee, N. J.
Plan
Approved
Government
—
Commis¬
special meeting on Sept.
29 approved plans for refunding
a
the
of
outstanding
indebtedness
receipt and serial bonds will be the sec¬ of the Borough of Fort Lee and
its school district. Under the pro¬
To Vote Oi\ Airport Issue—Oct. tax could be levied without col¬ ond choice of ,therSchool Board.
gram the new bonds are to bear'
21 has been set as the tentative lection expense and that it would If amortization bonds are sold and
entirely on owners of issued, the entire issue may be put 3% interest, or 1% less than cur¬
date for an election on the ques¬ not fall
rent requirements. The total debt
tion of issuing bonds for airport property but would-be distributed into one single bond or divided
involved
amounts
to
$3,952,000
among all users of public utilities into several bonds, as the Board
purposes.
service.
He
further contended of Trustees may determine upon and includes $3,248,000 for the
and
$704,000
for
the
minnesota
that it would not be merely an¬ at the time of sale, both principal borough
school district.
;
other
"hidden tax" passed
on and
interest
to
be payable in
Koochiching County (P. O. Inter¬
to consumers, but would be de¬ semi-annual installments during a
Fort Lee (Borough of), N. J.
national Falls), Minn.
ductible by j the utilities in com¬
State
Board
Reaches
Certain
period of 10 years from the date
] Bond Offering — The County
Auditor will receive sealed bids puting State and Federal taxes, of issue. If serial bonds are issued Conclusions On Debt Refunding
and all or much of it would be and
sold
they will be in the —We quote in part as follows
Mr. ^Brandt said a
Hartford, Mich.
2
until
P.
M,
Oct.
on
purchase of $150,000 2% coupon
refunding bonds.
Dated Oct. 1,
1944.
Interest A-O.
Denomina¬
tion
81,000.
from
1
Due $15,000,on Oct.
,
1945
1954 incl.
to
Minneapolis, Minn.
Bond
Sale—The
semi-
coupon
bonds aggregating $2,260,000,
ann.
offered for sale
on
Oct. 3—v. 160,
1340—were awarded to a syn¬
dicate composed of Phelps, Fenn
& Co.. Stone & Webster and Blod-
p.
Inc.,
get,
F.
S.
Mosely
&
Co.,
Paine, Webber, Jackson & Curtis,
the First of Michigan Corp., all of
New
York, J.
M.
Minneapolis,4 and
Co.:
of
follows:
Dain
r
■
& Co. of
the Milwaukee
Milwaukee,
as
1.10s,
as
$1,960,000 refunding bonds at a
price of 100.181, a basis of
about
1.065%. Due $196,000
Dated
1, 1945 to 1954 incl.
Nov.
1944.
1,
300,000 public relief bonds at a
priceof 100.20, a basis of
;
about 1.063. Due $30,000 from
Nov.
1,
1945
to
1954 incl.
"
Dated Nov. 1,
.
1944.
Second best bid was as follows:
NortfterrPTrust Co.,
,
.
Chicago,
Chase National Bank,
i
New York,
First National
:
Bank,
ings Association, San
Francis, and
City National Bank &
Trust Co., Kansas
100.179
100.191
4
For
4
Among the other, bids were
$300,000, 1.10s
following:
levied a 5% tax on
amount
last
of $500; the sum of $1,000
which will be in the
bond
electric and steam utilities for amount of $500, the sum of $1,000
many years, he pointed out.
of the serial bonds will become
Initial step toward putting the
payable on June 30, 1945, and the
proposed tax in effect in Minne¬ sum of $1,000 will become payable
apolis would be obtaining passage on the same day eacfh year there¬
of an enabling act by the State after until all of such bonds are
Legislature. It was suggested sup¬ paid, except that the last install¬
port might be sought from a ment Will be in the amount of
special committee of represent¬ $500. The bonds, whether amorti¬
atives of Minnesota cities, which zation or serial bonds, will be re¬
already has started discussion of deemable in full on any interest
plans to gain larger allocations of payment date from and after five
State funds to major municipal¬
years from date.
Enclose a certi¬
gas,
ities.
No.
$500, payable to the
fied check for
Indep. Sch. Dist.
(P. O. Buhl), Minn.
St. Louis County
35
Sale—The
District
Clerk.
refunding bonds offered for
sale on Oct. 2—v. 160, p. 1340—
ann.
Bozeman),
Mont.
of the
Commission:
Finance
Election
—
An
issue
of
$132,000
cal
facilities
of
the
Consumers
the
p.m.
(EWT)
Oct.
on
6%
series
interest
VI
registered improvement
bonds. Dated Oct. 1, 1944. Denom.
$1,000. Due Oct. 1, as follows:
$6,000 from 1945 to 1949 incl. and
$7,000 from 1950 to 1954 incl.
Bidder to name a single rate of
interest
for
pressed
in
of the bonds, ex¬
multiple of % or
1/ 10th of 1%.
Principal and in¬
terest (A-O) payable at the City
all
a
Treasurer's
A
office.
certified
check,for $1,300,. payable to order
of the
city, is required.
Legality
approved by Hawkins, Delafield
&
Longfellow of New York City.
Newark, N.J.
Bond
S. LichenCity Clerk, announces that
stein,
the
Call—Harry
Board
elected
to
of
Commissioners
has
its
option
redeem, prior to their
respec¬
exercise
to
tive maturities, the following out¬
standing bonds:
Sept. 25
meeting of the Local Government
Board—constituting the Municipal
On
$370,000,
dated April
April 2,
1945
4
3*/2% ' School 'bonds,
1, 1905, payable April
1, 1955.
$1,950,000, 3V2% Storage Reser¬
preparation of resolutions voir
bonds, dated April 1, 1905,
looking toward the refunding of
payable April 1, 1955.
the indebtedness of the Borough
On May 2, 1945
of Fort Lee and the
Board of
Further discussion with respect
the
to
Education
as
1. A
for
held
was
conclusions
These
were
thereof
arrived
conclusions
certain
in
and
at.
substance
$490,000,
levied
for
debt service
being set aside in a separate fund
gen covenant.
2. A covenant
Acceptance
3.
annual
for
of
a
full
$70,000,
dated
budgets.
The
4.
ance
or
pledging of any
free
assets
Debt
July
2,
-
1945
31/2%
School
bonds,
1905, payable July
July 1,
1,1955.
On
Oct.
2,
1945
$250,000, 31/2% Track Elevation,
tax bonds, dated Oct. 1, 1905, payable
Oct. 1, 1955.
On
cash
basis in the preparation of all fu-.
ture
Funded
dated May 1, 1905,
payable May 1, 1955,
On
special covenant providing
taxes
3 y2%
Water bonds,
follows:
sales.
Bond
airport bonds will be
were
awarded to the First Na¬ considered by the voters at the
tional Bank of St. Paul, as IVzs, November general election.
paying a price of 101.05, a basis
nebraska
of about 1.37%.
Dated Oct. 15,
1944. Due on April and Oct.. 15,
Beatrice, Neb.
from Oct. 15, 1947 to Oct. 15, 1958.
Would Acquire Local Facilities
It is stated by M., J. Welsh, Su¬
Of
Consumers
District — City
perintendent of Schools, that the
next highest bid was an offer by Special Counsel Fred Vette is re¬
J. M. Dain & Co., of 100.67 for ported to have ruled that general
obligation bonds can be issued by
1V2 % bonds.
the City Commissioners without
a vote of the electorate in
event
mississippi
that the people approve of the
Greenville, Miss.
acquisition by the city of the lo¬
$55,000
the minutes
from
exceed
along the lines of the North Ber¬
Gallatin County (P. O.
$208,000 semi-
Nov.
2,
1945
31/2% School bonds,
dated Nov. 1, 1905, payable Nov.
free bal¬ 1, 1955.
which
may
$250,000,
The
bonds
will
be
redeemed
the li¬ at par and accrued interest upon
quidating board, assuming that presentation and surrender at the
the board completes its operations
place of payment specified in the
of liquidating the debt for which bonds.
it is responsible and has assets re¬
Each
bond surrendered
must,
maining after the completion of unless it has been converted into
subsequently
its
accrue
to
work.
a bond registered as to both prin¬
cipal and interest, be accompanied
ing to approximately $190,000, the by all coupons for interest, ac¬
sum of $100,000
is to be used to cruing after the date fixed for its
5. Of the
revolving fund amount¬
bonds; $50,000 to be used as redemption.
Payment
working capital; $9,000 for issu¬ bonds registered as to
pay
of
any
principal
only to the regis¬
paving bonds awarded Sept. 14 to Public Power District.
One of ing expenses, and $30,000 to be
of Mem¬ the commissioners was quoted as set up as a capital improvement tered owner.
phis, as IV2S, at a price of 100.69, saying that no bonds for/ the pur¬ fund for future capital outlay.
New Jersey (State of)
6. The Borough is to provide an
as previously
noted in v. 160, p. pose would be issued "unless the
School Fund Offers $7,365,909
1340—mature Sept. 15, as follows:
appropriation of $15,000 annually
businessmen, laboring men and
Local Municipals—John A. Wood
$2,000 from 1945 to 1949 incl. and home owners tell us to go ahead." for the next five years by way of
$3,000 from 1950 to 1964 incl. Le¬ In event that city does acquire ag capital improvement fund; this 3rd, Secretary of the State Teach¬
ers' Pension and Annuity Fund,>
gality approved by Charles & the properties, it is the commis- to be made available for new cap¬
announces that the Board of Trus¬
Trauernicht of St. Louis.
Close ioners' intent to buy current from ital improvements.
tees will receive sealed
bids at
The Commission agreed
upon
bidding featured the sale, the next the Consumers District "for the
its
office, Room 1307, Trenton
the issuance of discount bonds at
time being," it was said.
highest offer of 100.68 for IV2S
the First National Bank
tional Trust & Sav¬
City, jointly,
For $1,960,000, 1.10s
t;
.;
5
purchase of $65,000 not
coupon or
will
,
*
•
St. Paul has
Bond Issue Details—The
Chicago,
Bank of America Na<
absorbed.-
Bond
■■
from Nov.
gross
for the
6
until
17 for the
to
$17,000 airport
new jersey
Refunding
bids
con¬
bonds.
on
tion bonds will be the first choice
the
24
annual
*
construction bonds.
Election—At
bids will
Oct.
gross
receipts of 16 by W. J. Finch, District Clerk,
Clarenceville, Mich.
Northern States Power Co., Min¬ for the
purchase of $8,500 con¬
Bond Election—At an election
neapolis Gas Light Co.* Minne¬ struction bonds.
Interest rate is
on Oct. 11 the voters will be asked
apolis Street Railway Co. and not to exceed 6%, payable J-D.
to authorize an issue of $32,000
Northwestern Bell Telephone Co. Dated June 30, 1944.
Amortiza¬
that
ing, City Clerk, will receive sealed
Wayne, Neb.
Bond
be
made
THE COMMERCIAL & FINANCIAL
1572
Trenton, until 2 p.m.
purchase of $7,-
Trust Bldg.,
.
Oct. 24 for the
on
62,000 Union County,. General
Improvement, Series B, 2.70s,
dated June 1, 1937, maturing
;
June 1 as follows: $20,000 in
j
'
•
365,900 New Jersey county, mu¬
j
nicipal and school bonds. The
t
bonds will be sold in coupon form
the
approving
the same1
Awards will be made on
dated
day that bids are opened.
No.
Block
■
■
'
-
'
and
of
Camden
dated June 1, 1936, ma¬
turing Dec. 1 as follows: $10,000 in 1959, $25,000 in 1960,
41/2s, dated Jan.
•;
Jan. 1 as
in 1948, $30,1950, $10,000 in 1952,
1, 1929, maturing on
and
follows: $30,000
in
000
V.
•
:> :
.
$5,000 in 196*7. Opinion of
Hawkins, Delafield and Long^
and
":
dated
Jan.
fellow.
'
r
•:
v
\
'
1930,
matur¬
Opinion of Hawkins,
and Longfellow.
1966.
.
132,000 East Orange School, Series 00, 4V2S, dated June 1,
"
in
1963, $14,000 in 1964, $5,000
1966, $25,000 in 1967, 1968,
and 1969. Opinion
of Hawkins, Delafield and Longfel¬
'
"
000 in 1951, 1952, and 1953;
60,000 Camden 'County,''Park
4%s, dated March 1, 1938,
$7,000 in 1957; $6,000 in 1958;
maturing on March 1 as fol- 1V
$7,000 from 1959 to 1968, in¬
lows: $3,000 in 1959,: $10,000
clusive; and $6,000 in 1969.
in 1965, $5,000 in 1966, $15,Opinion of Reed, Hoyt, Wash¬
000 in 1967, $15,000 in 1968,
burn and Clay.
and $12,000 in 1969. Opinion
152,000 East- Rutherford, School
of
Hawkins,
Delafield and ,
4%s, dated Sept. 1, 192.6, ma'Longfellow.
turing $9,000
Sept.
1 each
*
■
Block No. 3
Passaic
$234,000
Series
.
2,
6s,
year
County,
dated
June
1,
sive.
1932, maturing on June 1 as
$5,000 in 1959, 1960,
and 1961; $15,000 in 1962; $5,000 in 1963 and 1964; $15,000
■
000
fellow..
••
No.
-j
of
Hawkins^
Longfellow.
,.
000
A'As, dated Jan, 1, 1927, ma¬
.
turing Jam 1
000 in 1954,
1945, $20,000 in 1946,
$1,000 in, 1947.
Opinion
of Reed, Hoyt and Washburn.
as
$130,000 Union County, General
Improvement
4V2s, dated
•,
Nov. 1, 1929, maturing Nov. 1
as
follows: $20,000 in 1958,
.
•
:
$50,000
in
1959,
fellow:
'
;
ri<"
in
1960.
Opinion
of
Hoyt and Washburn.
Reed,
-
field and Longfellow.,
Block
No.
follows:
$2,000 in 1948, $3,-
,
'
*
lows:
in
$11,000 in 1947, $25,000
1950, $30,000 in 1951, $1,000
sals
should
Teacher's'
be
addressed
the
to
Annuity
and
Pension
State of New Jersey, and
in
a
sealed
envelope
on the outside "Proposal
$25,000 in
1959, $75,000
in
for Bonds."
Each block of bonds!
1960 and 1961.
Opinion of
will be awarded on the day the
Reed, Hoyt and Washburn.
in
000
1952, $5,000 in 1953, $25,in 1956, $50,000 in 1958.
Fund,
enclosed
,
marked
bids
Block No, 20
-
Nutley
$16,000
Public Improve-
6s, dated Oct.
15, 1931,
maturing $8,000 Oct. 15, 1960
1961.
and
Opinion of Thom¬
Wood and Hoffman.
son,
are
received
bidder
the
to
offering the largest price and ac-/
crued interest to the date of pay-,
but the Board of Trusteesthe right to reject any;
or
all bids. Each purchaser will
be asked to take delivery of the
ment,
reserves
30,000 Nutley Water 4s, dated
bonds
awarded, to him and to
April 1, 1935, maturing $2,000
make payments therefor at the of-'
April 1 each year from'1951
fice of the Teachers' Pension and
to 1965, inclusive. Opinion of
Annuity Fund, State of New Jer-%
Hawkins, Delafield and LongfellOW.-
'
'
.
V;'
•
Block
No.
21
sey,
;
v-r;
:
inclusive, $25,000 Feb. 1, 1961,
Feb.
1, 1964.
Opinion of Reed, Hoyt, Wash¬
burn and Clay.
and
,
from
1961
Opinion
field and
Block
•
No.
22
in 1962, $50,000
in
1963, $80,000 each year from
1964 to 1969, inclusive, and
$20,000 An 1970 Opinion
of
Hawkins, Delafield and Long¬
fellow.
N.J.
.
'
Hearing Scheduled—It is
reported that a hearing before the
Township Committee will be held
on
Oct. 10 considering an ordi¬
nance
of
calling for a $212,000 issue
public improvement bonds.
Voorhees Township, N, J,
Bond
Offering
gerald, Township
ceive
sealed
bids
W. E. "Fitz¬
Clerk, will re¬
until
8
P.M.
::
(EWT) on Oct. 18 for the purchase
Block No. 23
of $66,000 not to exceed 4%. in¬
$479,000 Paterson Water System terest coupon or registered re¬
4V4s, dated July 1, 1930, ma¬ funding bonds of 1944. Dated Nov.
turing July 1 as follows: $15,- 1, 1944. Denom. $1,000. Due Nov.',
000 in 1953, $7,000 in 1954, 1, as follows: $3,000 in 1945 and
$36,000 in
1956, $12,000
in 1946 and $4,000 from 1947 to 1961
1957, $25,000 in 1958, $174,000 incl.; $8,000 of bonds maturing in
in 1959, and $210,000 in 1961. 1960 and 1961 are callable at par
1964, inclusive,
Dela¬
Longfellow.
Hawkins,
of Hawkins, Dela¬ and accrued interest as follows:
Longfellow.
$4,000 due in 1961 redeemable on;
65,000
Paterson
General Im¬ Nov. 1, 1946 or on any subsequent
interest date; $4,000 maturing in
provement 41/2s, dated Oct. 1,
1928, matijring Oct. 1 as fol¬ 1960 redeemable on Nov. 1, 1947,
lows: $20,000 in 1953 to 1959, or on any later interest date. Bid-*
$5,000 in 1960, and $20,000 in der to name one rate of interest,
1961.
Opinion of Hawkins, expressed in a multiple of 44. or
Opinion
Block No. 16
field
Millburn Township, Essex
County, Sewer 4%s, dated
Oct.
1, 1926, maturing Oct.
1 as follows: $1,000 in 1958
and 1961, $2,000 in
1962, $1,000 in 1963, $2,000 in
1964,
and $1,000 in 1965 and 1966.
Opinion of Reed; Dougherty,
Hoyt and Washburn.
'
$9,000
20,000 Millburn Township School
4%s, dated'June I, 1929, ma¬
"
Bond
$26,000
•
to
of
Township (P. O. Union),
Union
$20,000
$651,000 Passaic Water 4V4s, dated
July 1, 1930, maturing July 1
as
follows:
$75,000 in 1961,
-■
15
"
as
Block No. 26
Westwood School 4%s,
dated Aug. 1, 1929, maturing
$6,000 Aug. 1 each year from
1945 to 1968, inclusive. Opin¬
ion of Hawkins, Delafield and
Longfellow.
/ .
$144,000
.
1962, $60,000 in 1964, $25,in 1965, $24,000 in 1967,
$20,000 in 1968, $35,000 in
1969, and $41,000
in
1970.
Opinion of Hawkins, Dela¬
•
28,000 Fairlawn School 53/4s, dated
Julir 1/ 1929, maturing* July 1
and $60,000
low.
i
erty, Hoyt and Washburn.395,000 Newark Passaic Valley
Sewer 4s, dated Dec. 1, 1911,
maturing Dec. I, 1961. Opin- ; Each proposal should state the
ion of Reed, Hoyt, Washburn amount in dollars/and cents bid
for each block of bonds—accrued
and Clay.
Cy:
322,000 Newark Street Opening, interest to the date of purchase to
Series B, 514 s, dated Aug. 1, be added. No down payment will
1934, maturing Aug. 1 as fol¬ be required with the. bid. Propo¬
-
follows: $10,-
000
25,000 Fairlawn Water 2%s, dated
Oct. 1,' 1940, maturing $5,000
Oct .1 each year from 1953 to
1957, inclusive.
Opinion of
Hawkins, Delafield and Long-v
Block No. 4
inclusive, $5,000 on March 1,
1958, and $10,000 March
1
1959 to 1962,
inclusive.
Opinion of Haw¬
kins, Delafield and Longfel¬
each year from
■
in
and
1954,
$19,000 in 1955,
$20,000 in 1957, and $35,000 in
1962. Opinion of Reed, Dough¬
in
Fairlawn Serial Funding
4V2S, dated June 1, 1935, ma¬
turing June 1 as follows: $5,-
Opinion
of Hawkins,
Delafield and Longfellow.
follows: $10,000 in 1953
and
maturing June 15 as follows:
$15,000 in 1957, $45,000 in
1958, $25,000 in 1959, $10,000
in 1960, $2,000 in 1961, $12,000
26,000
1964.
as
ment
-
;'
15
2%.S, dated March 1,
1941, maturing $10,000 march
1 each year from 1953 to 1957,
Longfellow.
'
.
?.>-
and
94,000 Newark Water 4]/4s, dated
Nov. 15, 1926, maturing Nov.
13
143,000 Passaic County, Tubercu-i ,
$83,000 Fairlawn School 5s, dated $92,000 Livingston Township, Es¬
losis Hospital 4V2s, dated Dec. '
sex County, Water 41/2s, dated
Dec. 1, 1929, maturing $3,000
0
1, 1928, maturing Dec. 1 as
July 1, 1930, maturing July 1
Dec. 1 each year from 1945 to
follows: $8,000 in 1957, $75,as follows:
$6,000 in 1950 and
1957,
inclusive,
and
$4,000
■;<v
000 in 1958, $45,000 in 1959,
Dec. 1 each year from 1958 to
1951; $7,000 in 1952 and 1953;
5;
and $15,000 in 1960. Opinion
$2,000 in 1956, $7,000 each
1968, inclusive.
Opinion 0^
\>
■ of
Hawkins,
Delafield and
year from 1957 to 1960, inclu¬
Hawkins, Delafield and Long¬
Longfellow.
sive; and $9,000 each year
fellow.
Passaic County, Welfare
5s, dated June 1, 1934,
maturing June 1 as follows:
$10,000 in 1960, $15,000 in
1962 and 1963, and $2,000 in
District
1, 1959. Opinion of Hawkins,
■j
and Longfellow.
clusive, and $8,900 on Jan. 3,
1979. * Opinion .of
Hawkins,
Delafield and Longfellow.
Block No. 10
Home
field and Longfellow; ■'
•
95,000 Teaneck Township School
19
.
1961, $7,000 in 1962,
$2,000 in 1963. Opinion of
Reed, Hoyt and Washburn.
42,000
each year from 1958
1963, inclusive, $7,000 in
1964,
and $10,000
in 1966.
Opinion of Hawkins, Dela¬
.
1957 and
'
No.
$19,000
to
■
and
'
4s,
,
.
,
School
1, 1931, maturing
1
$20,000
Elizabeth
City,
Police
v
Building 41/4s, dated April 1,
1931, maturing April 1 as fol¬
lows: $7,000 in 1955, $2,000 in
1965; $28,000 in 1966; $5,in 1967; $6,000 in 1968;
4V2s, dated Jan. 1,
1928, maturing Jan. 1 as fol¬
lows: $4,000 in 1951, $9,000 in
1952 and 1956, $1,000 in 1957,
f
<
1977, and 1978.
Opinion of
Hawkins, Delafield and Long■ru
and
District
18
1307. Trenton Trust Build-;
ing, Trenton,. New Jersey, at a,
date, to be determined by ■„ the j
$1,000 in 1958, $70,000
Orange
Passaic Valley Board of,Trustees, which will be
$30,000 in 1959, and $4,000 in
Sewer 4y2s, dated Oct. 1, 1926
as
soon
as
possible after award
1963.
Opinion of Hawkins,
maturing Oct. 1 as follows: and in any event not Mater than
:
Delafield and Longfellow.
$10,000 in 1952 and 1960, $35,- Nov. 10, 1944.
: ' y
Block No. 14
000
in
1962, and $15,000 in
1963. Opinion of Reed, Dough¬ Scmerdale Borough, Camden Co.,
$30,000 Kearffy Water 5s, dated
- •
N. j.
: a/V; - ;
June 15, 1929, maturing $5,erty, Hoyt and Washburn.
i
Bond Retirement; Approved.—
000 June 15, 1957, and $25,000
110,000 Orange General Refund¬
The Local Government Board at
June
15,
1961. Opinion of
ing, Series A, 3s, dated Feb.
Trenton has granted approval to
\
Hawkins, Delafield and Long1, 1939, maturing $5,000 Feb.
fellow.
1 each year from 1952 to 1956. the Borough's application to re¬
•> ■"..
:
inclusive,
$10,000
Feb.
1 tire $3,000 bonds scheduled to mav
314,000
Kearny Water Supply
:
each year from 1957 to 1960, ture as of April 1, 1965. •
41/2S, dated June 15,
1930/
Block No. 9
$5,000 from 1969 to 1975, in¬
clusive; and $35,000 in 1976,
.
Opinion
Delafield
follows:
in
from 1951 to 1958, inclu¬
sive, and $10,000 Sept. 1 each
year from 1959 to 1966, inclu¬
Park,
Block No. 25
of $154,000 Teaneck Township School
Delafield
in 1961, and $20,000
in 1962.
Opinion of Hawkins,
Delafield and Longfellow.
45,000
Irvington Town School
'
•
Opinion
.
$30,000
30,000
Camden
County, Park
low.
4%s, dated Oct. 1, 1937, ma¬
Block No. 8
turing $5,000 on Oct. 1, 1949*
1951, 1953, 1964, 1965, and $104,000 East, Rutherford;, Sewer ••;'
<
1966.
Opinion of Hawkins, •
3]/4s, dated Febv 1, 1939, ma¬
Delafield and Longfellow.
turing Feb. 1 as follows: $5,.
dewater';
to
50,000 Newark Dock 4V2s, dated
Feb. 1, 1914, maturing Feb.
.
.
Block
in
'
;
219,000 Phillipsburg School 4V4s,
dated Dec. 1, 1927, maturing
Dec. 1 as follows: $15,000 in
1952 and 1953, $3,000 in 1955,
$18,000 each year from 1956
to 1964, inclusive, and $8,000
in 1965, 1966, and 1967. Opinion of Clay, Dillon and Van¬
$10,000 June 1 each year from
1965 to 1969, inclusive. Opin¬
ion of Hawkins, Delafield and
Longfellow.
Delafield
$56,000 Irvington Town School
4%s, dated Nov. 1, 1930, ma¬
turing Nov. 1 as follows: $5,000 in
1957, $1,000 in 1958,
1930, maturing June 1 as fol¬
lows: $25,000 in 1960, $13,000
Longfel-
Delafield and
kins,
low.
1,
4V2s,
Delafield
,
;
June
13,
and 1963; $7,000
and $2,000 in 1965.
of Hawkins, Dela¬
Longfellow.
'/, ,
$267,900 Hillside Township School
4s, dated Jan. 3, 1939, ma¬
turing $7,000 Jan. 3 each
year from 1945 to
1961, in¬
clusive; $8,000 Jan. 3 each
;;
year from
1962 to 1974, in¬
clusive; $9,000 Jan. 3 each
year from 1975 to 1978,
in¬
ing June 1 as follows: $15,000
in 1960, $11,000 in 1963, $16,000
in
1964, and $5,000 in
^
85,000
Camden County Road,
Bridge
and
Institution 6s,
v.
dated March 1, 1932, matur¬
ing on March 1 as follows:
V
$15,000 in 1959, $10,000 in
1961, $20,000 in 1963, 1964,
and 1965. Opinion of Haw'
Series
provement,
1953
15 each year
to
1967, inclusive,
$3,000 on Nov. 15, 1968.
Opinion
of - Dillon,
Vande¬
15,1959. Opinion of Hawkins,
Block No. 12
47,000 East Orange General Im¬
and $10,000
1968,
1964,
Opinion
field and
Delafield and
1, 1969.
Opinion of
Hawkins, Delafield and Longon
*
1,
in
.
Opinion of Hawkins,
Longfellow.
1967.
in
and
1967,
f
dated June
in 1956, 1957,
$10,000 in 1961, $25,000
in 1963 and 1966, and $1,000
fellow.
Morristown
$50,000
March
1960,
25,000
Camden County, Park
4V2S, dated Jan. lr 1930, maturing $5,000 on Jan. 1, 1966,
Block No.
/turing Jan. 1 as follows: $5,000 in 1953 and 1954; $1,000
Block No. 7
$10,000 in 1955, $30,000 in $101,000 East Orange General Im¬
<
1957, $30,000 in 1958, $30,000
provement,.' Series- 12, 4V2s,
in 1959, $20,000 in 1960, $20,dated Feb. 1, 1929, maturing
000 in 1961, $15,000 in 1962,
Feb. 1 as follows: $40,000 in
:
-
Longfellow.
from
inclusive.
1971,
$40,000 in
1963, 1964,
Block No. 11
and 1965, and $50,000 in 1966.
$22,000 Hasbrouck Heights Sewer
Opinion of Hawkins, Delafield
4l/2s,-wated Jan. 1, 1927, ma$30,000 in 1961,
1962, $35,000 in
County, Voca¬
tional School
year
1951
" and
Thomson, Wood and Hoffman.
1926, maturing $2,1 each year from
1945
to
1951, inclusive, and
$3,000 March
1
each year
from 1952 to 1956, inclusive.
Opinion of Hawkins, Dela¬
field and Longfellow.
's,
Longfellow.
230,000
March
000
260,000 Camden General Refund¬
"
each
15
29,000 Fairlawn School 5s, dated
fellow.
$16,000 in 1965. Opinion
Hawkins,
Delafielci and
17
Montclair Serial Water
4V4s, Series No. 1, dated Oct.
15, 1931, maturing $3,000 Oct.
Block
'
1957, $30,000 in 1958, $56,000
in 1960, $37,000 in 1961, $68,000 in 1962, $63,000 in 1964,
Long¬
and
ing $5,000 Nov.
-
water & Moore.
:
No.
Monday, October 9, 1944
from
':
to 1960, inclusive. Opinion of
Hawkins, Delafield and Long¬ $62,000 Newark Dock, 4V2s, dated
Dec. 15, 1914, maturing Dec.
fellow.
*
'
i
i:
$57,000
27,000 Fairlawn School 3s, dated
April 1, 1940, maturing $3,000
April 1 each year from 1952
'
"
•
*
Block
and Washburn.
'
-
fellow.
116,000 Fairlawn Water Funding
4^s, dated June 1, 1935, ma¬
turing June 1 as follows: $30,000 in 1946, $10,000 in 1947,
$1,000 in 1950, $8,000 in 1951,
$15,000 in 1952, $38,000 ih 1953,
$12,00 in 1954, and $2,000 in
1955. Opinion of Reed, Hoyt
to
Delafield
kins,
Opinion
Delafield and
of
Hawkins,
Longfellow.
each year
'■
1
:
000 in 1956 and 1957.
•
$200,000 Atlantic County, Refund000 in 1967. Opinion of Haw¬
ing,
Series
of
1939, 3y2s,
dated Aug. 1, 1939, maturing
kins, Delafield and Longfel'
low.
on Aug.
1 as follows: $81,000
Block No. 6
."J
in 1952, $92,000 in 1953, $15,000 in 1954, $5,000 in 1956, $349,000 Camden General Refund¬
and $7,000 in 1957. Opinion of
ing 4s, dated June 1, 1936,
maturing Dec.: 1 as follows:
Dillon, Vandewater & Moore.
$4,000 in 1952, $8,000 in 1953,
Block No. 2
$10,000 in 1956, $7,000 in 1958,
$347,000 Camden County, General
$17,000 in 1959, $2,000 in 1960,
Refunding 4s, dated March
$84,000 in 1961, $46,000 in
1, 1936, maturing on March 1
1962, $96,000 in 1963, $31,000
as
follows: $10,000 in
1947,
in 1964, $3,000 in 1965, and
$30,000 in 1952, $5,000 in 1953,
$41,000 in 1966,
Opinion of
$10,000 in 1954, $16,000 in
Hawkins, Delafield and Long¬
1955, $5,000 in 1956, $1,000 in
•
'.i
Fairlawn School 2.80s,
dated April 1, 1942, maturing
Oct. 1 as follows: $15,000 in
; 1952, $10,000 in 1953, $20,000
in 1954, $15,000 in 1955, $20,-
;
1957, inclusive,
and in 1963 and 1964; and $5,1945
from
from
year
100,000
1930, maturing
July 1,
$10,000 on July 1
1
1951 to
1955, inclusive.
Opinion of
Thomson, Wood and Hoffman.
,.
t
opinions of
?
Hoyt and Washburn.
recognized bond counsel. Separate
bids will be considered for all of
[
Block No. 5
L
the bonds offered under each of
$155,000 Bridgeton City, Cumber¬
-the following 26 separate blocks.
land
County,
Sewer
41/2s,
with
each
000
f
turing June 1, 1959. Opinion
of
Hawkins, Delafield
and
Longfellow.
17,000 Millburn Townstyp School
Series C, 4J/4s, dated Oct. 1,
1927, maturing $1,000 July 1
each year from 1951 to 1967,
inclusive.
Opinion of Haw¬
000 in 1949 and 1950, and $4,-
.
1958, $40,000 in 1959, pnd $2,000 in 1960. Opinion of Reed,
CHRONICLE
and
Delafield
and 'Longfellow.
Block No.
24
1/lOth
terest
of. 1%; Principal and in^
(M-N) payable at Haddon-»
$88,000 Phillrpsburg School 2V2S,' field Nationa-1 -Bank, Haddonfield.
dated Nov. 15, 1939, matur- A certified check for $1,320; pay~.
/■
Volume
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
.
of. tfie township, is
able to order
approved by
Hawkins, Delafield & Longfellow
Legality
required.
of New York
City.
whom
to
Hawkins, Delafield & Longfellow
of New York City will be fur¬
Washburn
Bond
Alamogordo, N. Ml ex.
Call —The
Bond
calls for payment
fore
Nov.
1,
or
on
bonds
be¬
5%.%
$17,000
1944,
works
water
Bond Sale—The
Treas¬
Town
urer
follows:
as
388, 457 to 460, 462 to
Nos. 383 to
468 to 470, 507 to 517, 524
and 525, 528 and 529 and 533.
Dated May 1, 1916. Due May 1,
1946. Payable
at the
Chemical
Bank & Trust Co., New York City.
466,
$20,000 coupon
registered land purchase bonds
offered Sept. 29—V. 160, p. 1341—
were
awarded to the Lynbrook
National Bank & Trust Co., Lyn¬
brook,
as
C.
Buffalo, N. Y.
Financial s Report
Available
Sherwood
—
City has issued its condensed fi¬
nancial report for 1943-1944 and
requests for copies should be ad¬
dressed to the Department of Au¬
dit and Control, it is announced
Frank M. Davis, City Comp¬
by
troller.
,
No. 3
Cheektowaga Sewer District
(P. O. Cheektowaga), N.Y.
Bond Offering—Albert
Sturm,
Town
receive sealed
will
Clerk,
P.M.
3:30
until
bids
(EWT)
on
purchase of $25,000
Oct. 11 for the
not to exceed 5%
interest coupon
registered improvement bonds.
or
Dated Oct. 1, 1944. Denom.
$1,000.
Interest A-O.
follows: $2,000
$1,000 in 1950
1964. Rate of interest to be in
Oct.
Due
1,
as
in 1945 to 1949, and
to
multiples of xk or one-tenth of 1%
and must be the same for all of
Principal and interest
bonds.
the
payable at the Manufacturers and
Traders Trust Co., Buffalo, with
New York exchange. Said bonds
will be valid and legally binding
general obligations of the Town,
payable in the first instance from
a
levy upon property in Sewer
District No. 3 in said Town, but.if
paid from such levy, all the
real property within the
Town will be subject to the levy of
ad valorem taxes to pay said bonds
iand interest thereon, without lim¬
not
taxable
itation
as
bonds
to rate or amount.
are
isued
Town Law
pursuant to
The
the
the General Mu¬
and
nicipal Law, as amended, for the
of increasing and improv¬
ing the facilities of Sewer District
purpose
No.
in
3
Childs
P.
said
Town, the .period
of probable usefulness
;pf whicji' ji:
&
Co.,
Stevenson & Co..;,
L, Allen & Co.—
H.
Owen
Mandeville, Town Supervisor,
$90,000
tax
anticipation
that
The
were
awarded
Trust
County
years.
on
,and character shall be taxable by
the terms
of any Federal
tax
the
law,
income
bidder
successful
may, at his election, be relieved of
his obligations under the contract
to
purchase the bonds and in such
case
the deposit
accompanying his
bid will be returned. The approv¬
ing
opinion
of
Vande-
Messrs.
water, Sykes & Galloway, of New
City, will be furnished to
the purchaser without cost. En¬
York
close
a
certified check_for $500,
payable to the Town. '
Hempstead, Franklin Square Park¬
ing District (P. O. Hempstead),
N.
Y. [
..
Bond Offering—James M. Geh¬
rig, Presiding Supervisor, will're¬
ceive sealed
(EWT)
on
bids until
Oct.
10
for
10:30
the
a.m.
pur¬
chase of
$32,000 not to exceed 6%
interest coupon or registered land
—
N.
The
municipal
sale
on
Oct.
5
$100,125.20
issues offered
awarded
were
to 1954
tail in
Co.
incl., were described in de¬
160, p. 1454. Among other
the following: Halsey,
v.
were
Stuart &
Co., 0.80%, 100.038; Har¬
& Savings Bank, 0.90%,
ris Trust
of
$1.10,
First National
months
of
Charlotte, N. C.
Bond
Offering—W.
E.
Easter-
fiscal
1944-1945
000 street.
year showed an increase of $43,428,261 over receipts for the com¬
parable period in 1943-1944, de¬
spite the fact that total income
num,
for the current year had been es¬
Fund
North Carolina (State
payable
from unlimited
on
all
.
of the
property.
ultimately
ad. valorem taxes
Constitution
.
1944, after meeting debt require¬
ments
der
within
the
limitations
tax
un¬
Section
of
provisions
2293-5, General Code, and Section
90 of the City Charter. The bonds
will be awarded on the highest
bid based upon the
interest
and
lowest rate of
bonds
the
Newton Falls, Ohio
Bonds Authorized—A
new bond
issue for the municipal light and
the
Council
bonds
will
the City and
be
furnished
by
delivered to the pur¬
Bids to be made
chaser at Akron.
approval of the
legality of
the issue and the approving opin¬
subject
the
to
bidder's attorney as to
ion
to
be
chaser.
2%
paid for
Enclose
.
a
the
by
pur¬
certified check
of the amount bid for,
to the Director of Fi¬
Wanted
Tenders
—
Secretary of
Commission,
Curtis
By-
the Sinking
will receive
East
by
recent
a
Sale
of
funds
the
for
bonds
will
provide
retiring $42,000 worth
outstanding and for
of bonds now
installing
and
the
of
a
Diesel generator
new
other
equipment to increase
capacity of the plant.
Cost
the
new
equipment is esti¬
mated at $50,000 to $55,000.
The
present bond issue
5%
interest
and
cided that since
issued
the
at
old
new
pays
Council
the
de¬
bonds must be
the
for
improvement pro¬
might as well retire
they
gram
issue
and
ones
ones
new
lower interest rate. The bond
a
ordinance
grants authority to is¬
in
$75,000
sue
later
additional
when
on
bonds
if
power
and
the
plant is further expanded.
New Waterford, Ohio
Bond
Offering
Edward
—
,R.
Bretz, Village Clerk, will receive
sealed bids
for
the
until
noon
Oct.
on
13
purchase of $13,000 3%
improvement bonds.
water works
Dated
Dec.
1, 1944. Denom. $500.
$1,000 March I
$500' Sept. 1 from 1946 to
1951 incl., and $500 March 1 and
Sept. 1 from 1952 to 1955 incl. In¬
Due,
follows:
as
and
A certified check for
terest M-S.
$250, payable to order of the Vil¬
lage Treasurer, is required;
,.v
Liverpool City School District,
Ohio
■
Ohio
>
authorized
was
at
meeting.
The Council approved a $98,009
issue of bonds paying 3% interest.
be
will
plant
power
(State of)
Continues
Offering—Kathryn LiebEasy—J. A. White & Co. of Cin¬
Refunding schner, Clerk of the Board of Ed¬
cinnati, reported on Sept. 27 as
bonds, all dated July 1, 1936:
ucation, will receive sealed bids follows:
Buncombe
County Refunding; until noon on Oct. 12 for the pur¬
The
Ohio
municipal
market
507,539 and, according to present Buncombe County Refunding Ser¬ chase of $48,000 4% notes. Dated
continues to be slightly easier.
indications, surplus for the cur¬ ies 2; City of Asheville General Oct. 1, 1944. Denoms. as requested
Our index of the yield
(which
rent year is likely to be the high¬
Refunding; City of Asheville Re¬ by purchaser. Due $24,000 on Oct.
varies inversely with' the price)
est oh record.
This will be pos¬ funding Series ~2; City of Ashe¬ 1 in 1945 and 1946. Notes are be¬
for 20 Ohio bonds increased from
sible even if income in the re¬ ville Water Refunding; Asheville
ing issued in anticipation of col¬ 1.33% last week to 1.35% today.
maining seven months of the year Local Tax School District Refund¬ lection of
special levy for tax The indices for 10
high-grade
recedes to the level achieved dur¬
ing; Beaverdam Water & Sewer years 1944 and 1945 for the con¬
bonds
and
for 10 lower grade
ing the similar period of last District; South Buncombe Water struction of an auditorium-gym¬
bonds
both
declined, with the
year.
& Watershed District, Swannanoa nasium building.
Interest on the
yields today at 1.17% and 1.53%
Water
&
Sewer
District,
and notes payable A-O.
A certified
Niagara Falls Bridge Commission,
compared with 1.15% and 1.51%
Woodfin Sanitary Water & Sewer check for $480, payable to order
Y.
$398,020,000, or $55,130,539 less than was actually re¬
ceived last year.
Last year the
State achieved a surplus of $73,timated
at
V;-;7!\.7
sealed tenders until
of' the
19
noon
Oct.
on
a
of the Clerk of the Board of Edu¬
$187,862.27 in the Revenue
Accounts of which certain
amounts were owing to the Con¬
struction Fund, and allowing for
a reserve for insurance premiums
due in December, 1944, it would
leave a balance of $154,641.98. He
also reported that the accrued in¬
terest on bonds to Dec. 31, 1944,
will amount to $425,000.
After
the financial position was care¬
fully reviewed, a resolution was
passed approving the payment of
the
semi-annual
coupon
which
was
due on Jan.; 1, 1943, being
coupon No. 6, and which is the
earliest unpaid interest coupon.
It
was
;also agreed that the
were
Fund
.
would
Commission
meet the Jan. 1,
interest coupon
soon, as
to
1945, semi-annual
when due but as
sufficient funds were ac¬
cumulated
earliest
unable
be
would
pay
the
'
Second
&
Mr.
N. C.
High Bidder—A syndi¬
v
J,";r-'
V
next
Malvern
Fairfield,
public works notes.
16,1944.
Dated
Due June 16, 1945.
Oct.
Bid-
Bond
ber
Ohio
NORTH
,
Novem¬
general election the voters will
1946 to 1951 incl.'' Lawrence Cook
&
Co., of Cleveland, second high
bidder, offered 100.338 for 2s.
DAKOTA
Sale—The
$30,000
semi-
Oct. 23 for the
000
Nov.
purchase of $884,3% refunding bonds. Dated
1. 1944. Denom. $1,000. Inter¬
ignate denominations desired and est M-N.
Logan, Ohio
Bonds
Authorized
Council has
The
voted to issue
bonds to retire
issued for the
tric
—
at
the
same
point
at
..
..Last
Week's ^Mfirket— J. A.
White & Co. reported on Oct. 4
,
follows:
as
,
demand
Both
,,
.
and
activity im¬
proved somewhat in the Ohio mu¬
market
nicipal
while
our
this
week
,
and,
index of price shows no
improvement over last week;, the
slight
weakness shown
in the
market during the past two or
three weeks appears to have been
arrested.
'
yield on 20
Ohio bonds stands today at 1.35%,
index
Our
of the
from last week, and
for 10 high-grade and
for 10 lower-grade bonds are also
unchanged at -1.17%,. and 1,53%,
respectively.
unchanged
the yields
Ravenna, Ohio
'
Offering — P. W.
Bond
J ones,
City Auditor, will receive sealed
bids until noon (EWT) on Oct. 16
purchase of $20,000 1Y2%
for the
grade crossing elimination bonds.
Dated Oct. 1, 1944, Denom. $1,000.
from
Jamestown, N. D.
Bond
is
wW^ ^slopd ^arplj 8, 19jl4.
'
Election—At the
the index for the 20
1.35%
bonds
Graham, Parsons & Co., consider the following bond is¬
Estabrook & Co., B. J. Van Ingen
sues:
$6,500 fire equipment and
& Co., Bacon, Stevenson & Co.,
$4,000 twon hall.
A. C. Allyn & Co., R. S. Dickson
& Co., Scott, Horner & Mason and Franklin Township School District,
Franklin County, Ohio
Allen C.;Ewing & Co., was sec¬
Bond Election—The State Board
ond high bidder at the offering
on
Sept. 27 of series A first is¬ of Tax Appeals has authorized the
sue
housing authority refunding above district to submit a $278,bonds. The group offered to pur¬ 000 school construction bond issue
chase $1,249,000 bonds at a price to the voters at the general elec¬
of par* a net interest cost of about tion in November,
2.095%, for the following com¬
Gensva-on-the-Lake, Ohio
bination: $93,000 6s, $44,000 2V2S,
Bond Sale—The $110,000 refund¬
$70,000 2!4s, $532,000 2s and $510,- ing bonds offered Oct. 2—v. 160,
000 2.10s. The successful bidder,
p. .1341—were awarded to Paine,
as previously
noted in v. 160, p. Webber, Jackson & Curtis, of
1454, was a group headed by Chicago, .and Hawley, Shepard &
Phelps, Fenn & Co., New York,
Co., Cleveland, jointly, as l3As, at
which purchased $1,313,000 prin¬ a
price of 100.665, a basis of about
cipal amount of bonds at a net 1.588%.
Dated Oct. 1, 1944, and
interest cost.to* the authority of
due on-June l and' Dec. 1 from
2.043%-,
Market
week ago.
At
cation, is required.
Co.,
unpaid interest coupon.
instructed to
with
Authority,
composed of Goldman, Sachs
The secretary was
communicate
Housing
Wilmington
cate
Note
a
District.
recent
meeting,
Secretary 4 C-nE. >. Kaumeyer re¬
Coupon—At
Municipal
following
Payment Approved on Overdue
town's taxable real ,der to state rate of interest, des¬
A certified check for
the
nance.
Hill, of Stranahan, Harris & Com¬ ann. water filtration bonds of¬
pany, Inc., New York City, ad¬ fered for sale on Oct. 2.—v. 160,
vising Mr. Hill of the action taken p.
1454—were
awarded to the
by this Commission with respect James River National Bank, of
to this interest payment, request¬
Jamestown, as l%s, payable at a
name
one
rate of interest, ex¬
ing him to notify all the bond¬ price of 100.583, a basis of about
pressed in a multiple of lk or
holders by appropriate published 1.14%.
Dated Oct. 1, 1944.
Due
l/10th of 1%. Principal and semi¬
notice that this coupon of Jan. 1,
$3,0Q0 from 1945 to 1954, incl. Sec¬
annual
interest payable
at the
1943, will be paid on Dec. 1, 1944, ond best bid was an offer of par
Second National Bank
& Trust
if this coupon is presented in the for
IV4S, submitted by the Bank
Co., Hempstead, or at the Chase
usual manner for payment. '
of North Dakota, of Bismarck. ' j
National Bank, New York City.
The bonds will be valid and le¬
Rochester, N. Y.
OHIO
Note
Offering — W.
Raymond
gally binding obligations of the
Town of Hempstead, payable in Whitley,
Akron, Ohio
City Comptroller, will
Bond Offering — John Currie
the first
instance
from
a
levy receive sealed bids until 3 p.m.
upon the property in the Franklin
(EWT) on Oct. 11 for the pur¬ Director of Finance, will receive
Square Parking District, but if chase of $400,000 special
local sealed bids until noon (EWT) on
paid,
of
ating expenses for the fiscal year
payable
of)
Due
so
XII
sufficient funds for current oper¬
for
Oct. T, as follows: $2,000
from 1945 to 1953 incl. and $1,000
from 1954 to 1967 incl.
Bidder to
not
Article
and Section 86a of the Charter of
The
Bos¬
acquisition bonds. Dated Oct. 1,
1944. Denom. $1,000. Interest AO.
•
for
crued interest to date of delivery.
ling, Secretary Local Government
ton.."
\V; :
Commission, will receive sealed
bids at his office in Raleigh until
New York (State of)
Oct. 17 for the purchase of $270,Record
Revenues
Indicated —
000
bonds
as
follows:
$155,000
State revenues
during the first
water, $100,000 cemetery and $15,five
appraisal contract.
sold for not less than par and ac¬
CAROLINA
NORTH
submitted by
Bank of
mately $27,000 has already bbeiv
paid on the Lorain County' re¬
,
$3.25. Dated Oct. 10, 1944. Due
July 1, 1945. Second best bid
was
an
offer of 0.58%, plus a
on
premium
of
the City heretofore is¬
sundry purposes, inside
the limitations of the Section 2,
sued
Y.
Plains, at 0.49%, plus a premium
In the, evehtr
income received by private hold¬
ers from bonds of the same type
Sale
Bond
various
of
the
mul¬
a
tiple of % of.1'%.
Principal and
interest payable in lawful money
bonds
Utica,
100.139; Commerce Union Bank,
Oct. 3 to Nashville, and Sherwood & Co.,
of White jointly, 0.90s, 100.11; H. L. Allen
& Co., Is, 100.23.
ported on the finances of the
tn&t 'prlbr '.Commission^ The secretary re¬
fd the,.deliYerylbf the bonds the
ported that o'n Aug. 31;.T944, there
20
City Treasurer.
bids
Notes Sold—It is stated by
notes
in
100.06
N. Y.
A.
ferent rate of interest
1.10
1.10
(P. O. Mamaroneck),
Mamaroneck
of
'IV*
and
jointly
Bacoh,
Postponed—Sale
the City.
Said bonds are issued
to
the • Fkjst Nationai Bank of
pursuant to the approval and au¬
Chicago, as 0,80s, at a price of:
thority of the Board of Tax Ap¬
100.06
100.07, a basis of about 0.782%.
peals of the Department of Tax¬
100.07 The bonds, dated Oct. 1, 1944 and
ation for the purpose of providing
100.05 due serially on Oct. 1 from 1945
Co.
&
1947, $70,000
Bid
I'M
Loeb & Co.—
Newburger,
follows: $4,000
as
Rate
Int.
...
Rate
NEW YORK
1,
1946, $10,000 in
1944, originally scheduled for Oct.. at the office of the Director of
5—v. 160, p. 1454—was postponed, Finance.
Issued for the purpose
according to Albert F. Hubman, of refunding general obligation
for
bids:
Nov.
Due
1948, $100,000 in 1949, $200,000
1950 and 1951, and $300,000 in
1952. Bidders may bid for a dif¬
,
$13,000 not to exceed
interest road ramp bonds of
5%
Oct.
Other
Sale
0.90s, at a price of 100.-
16, a basis of about 0.85%. Dated
1, 1944 and due $5,000 on
Oct. 1
from 1945 to 1949
incl.
.
in
in
City.
issue of
an
or
&
in
nished the successful bidder.
Lynhrook, N. Y.
York
of New
Tonawanda, N. Y.
MEXICO
NEW
Reed, Hoyt
of
opinion
Legal
shall be payable.
notes
$640, payable to order; of the town,
is
required.
Legal opinion of
1573
City
$3,000
notes^ which were
purchase of an elec¬
generator at the water works.
$2,000 on April 1 and Oct. 1
1946 to 1950 incl.
Interest
A-O.
Bidders may bid for a dif¬
Due
ferent rate of interest in
of Vi of
all
or
multiples
1%. Each bid must be for
none.
No bid for less than
and accrued interest.
A full
transcript of the legislation and
par
^
O. Elyria), Ohio
proceedings will be furnished for
Court
Upholds Use
of Bond
the approving opinion of Squire,
Funds For Reappraisal—The right
Sanders & Dempsey, of Cleveland,
of county officials to use surplus
or
other
bond attorneys to be
bridge bond funds for a $73,500 re¬
designated by the purchaser. En¬
appraisal of real estate was up¬ close a certified check for $1,000,
held by Common Pleas Court on
payable to the City Treasurer.
Sept. 22 for the second time, when
a
decision was given in a tax¬
Wellington (Village and Township), Ohio
payer's suit filed by Nelson P.
Bond Election Planned—Acting
Baumhardt of Elyria.
Lorain County (P.
Baumhardt
had
asked
for
an
upon
the
advice of Architect
A. Fulton, Cleveland, the
injunction against the use of the
funds
from
the
bridge
fund
Harry
though the court had authorized
such use last Sept. 29.
Approxi¬
mously to
bond issue
planning committee voted
unani¬
recommend a $105,000
for the proposed im-
THE COMMERCIAL & FINANCIAL CHRONICLE
1574
<
Nanticoke School District, Pa.
ficials.
Columbia, S. C.
Retirement of the bonds, which p. 1239—was awarded to Singer,
may not bear interest exceeding Deane & Scribner of Pittsburgh,
3% and which probably will find as l%s, at a price of 100.346, a
market
a
is
at
planned
Cost
a
much
rate,
taxpayers will be in the
to
neighborhood of 16-17 cents per
hundred of taxable property.
incl. Other bids:
Irit".
bonds offered for
160, p. 1455—
awarded to R. J. Edwards,
disposal plant
1% %
were
Inc., of Oklahoma City, at a net
of about 1.29%, for
interest cost
$8,000 bonds as iy2s, due $2,000 in
1947 to 1950; the remaining $17,000 bonds as 114s, due $2,000 in
1951 to 1958, and $1,000 in 1959.
Second best bid was an offer
of 1.30% net interest cost, sub¬
mitted by the First National Bank
of McAlester.
OREGON
Bond
Chairman Commission of
Public Locks, will receive sealed
gard,
10
Governor Martin Urged Greater
Local
Self-Reliance—Realign¬
ment of tax
sources
among
Fed¬
eral, State and local units of gov¬
urged in
address
Sept. 28 by Governor Edward H.
Martin, who also called for ''re¬
adjustment of the functions and
responsibilities of the various lev¬
els of government."
Speaking at a convention of the
was
an
Oct. 30 for
the cost of government
lower
to
and keep the control of govern¬
ment in the people's hands, then
cities,
townships
must do more to
themselves.
This can be
ities development bonds.
Dated done by local government assum¬
Nov. 15, 1944. Interest M-N. De¬ ing its share of the financial bur¬
nomination $1,000.
Due Nov. 15, den." "
as
follows: $230,000 in 1947 to
Declaring that "real estate has
1958, and $240,000 in 1959. Prin¬ always borne the burden of local
cipal, and interest payable at the government," he said that "if all
City Treasurer's office or at the motor taxes should go for road,
fiscal, agency of'the City in New bridge
and street : construction;
York City.
The bonds are issued that would solve most of the
for the purpose of constructing problem."
and equipping wharves and ter¬
Governor Martin suggested that
minals and all necessary buildings the State could collect all inher¬
and structures for the handling of itance taxes, corporation
levies,
passengers and cargo transported taxes on loans and on automo¬
by water carriers; for the exten¬ biles, while the Federal Govern¬
sion, addition to and rehabilita¬ ment "could have the excise lev¬
tion of any. and all facilities and ies, the income taxes and others
the purchase
exceed
on
a.m.
of $3,000,000 not to
interest, harbor facil¬
3%
our
and
counties,
boroughs
govern
.
structures
owned
under
or
the
of
all
acquiring
collected for
^its use."
Proposing that this realignment
now
jurisdiction of the Commission of
Public Docks and for the purpose
Utility
Properties
—
We
Carolina
interest coupon building
De- 6 Co., both of Cleveland, E. H.
nom. $1,000.
Due $7,000 on Nov. Rollins & Sons of New York, G.
15 from 1945 to 1949 incl. Bidder H., Walker & Co. of St.
Louis, and
to name the rate of interest. Prin¬ the Fort Worth National
Bank, at
cipal and interest (M-N) payable a price of 100.01, a net interest
any bank or trust company in cost of about 1.67%, on the bonds
United States designated by as follows:
at
the
the successful bidder.
No bid for
in tax
sources
be accompanied by
control.
granted by the amendment of the
of
charter
the
'
-
•
v
create
of
bidder
at
not
less
Delivery
than
98%
of
their
ies
for
interested
the best bid shall be
partially or
wholly upon the rate or rates of
interest provided for in any bid.
health
Each bidder shall submit with his
properly
bid
burden
statement showing the cost
benefit of the public
the
par value and accrued in¬
terest and the determination as to
in the
The
resources.
use
care
of natural
of public
properly
belongs
to
the
States.
"The
Federal Government can
assume
or
retain
the
defense; the
of the money to the Commission care of rivers and harbors; the
if his
bid
should be accepted. control of floods; installations and
Bonds will be sold, subject to facilities for irrigation, and for
a
prior approving opinion of Teal,
Winfree,, MeCulloch, Shuler
&
Kelley, of Portland, which shall
be
furnished to the successful
bidder.
The Commission of Pub¬
lic Docks reserves the
right to
re¬
furnish printed bonds and legal
$73,000 maturing Nov. 1, $24,opinion of Dorsey, Colman, Bar¬
/
000 in 1949 and
1950, $25,000
ker, Scott & Barber, of Minne¬
in 1951, as 3y2s,
$460,000 ma¬
Columbia for approximately $40,apolis, at its own expense. A cer¬
turing Nov. 1,.$25,000 in 1952,
000.000, which
offer has been tified check for $700, payable to
$26,000 in 1953, and 1954, $27,transmitted to New York
with order of the
district; is' required.
000 in 1955 to 1957,. $28,000
signatures of a majority of the (Previous mention of this offer¬
in 1958 and 1959/
$29,000 in
City Council.
ing was made in v.' 160, p. 1343)'.
1960
and
1961,
$30,000 in
The Columbiaproposition was
1962 and 1963, $31,000 in
1964,
TENNESSEE '
made through the Barjem Cor¬
$32,000 in 1965 and 1966, $33,poration, large power brokers of
Nashville, Tenn.
1
;
000 in 1967, as iy>s, and $67,Chicago, which brokerage firm
000 maturing Nov.
Mayor Thomas L. Cummings
1} $33,000
will retain the properties not in¬
will receive sealed bids until 8
in 1968, and $34,000 in
1969,
cluded among those Columbia is
p.m.
(CWT) on Oct. 24 for. the
as l%s. ■
seeking.
The bus transportation
purchase of $500,000 not to ex¬
Group B !
,'
unit in Columbia and the Electric
ceed 3%
interest coupon street
$250,000
Airport
and Gas Company's rural electri¬
Impt.
Series:
improvement bonds.
Dated Aug.
68 bonds. For $59,000 matur¬
fication
networks
in
the
State
15, 1944.
Denom. $1,000.
Due
ing Nov. 1, $8,000 in 1945 to
would be disposed of, presumably
Aug. 15, as follows: $20,000 in
1948, $9,000 in 1949 to 195'1,
to other parties by the brokers.
1947 to 1949, and $22,000 tn 1950
as
3y2s,
$167,000 maturing
If the offer proves acceptable
to 1969.
Rate of interest to be
Nov.
1, $9,000 in 1952 and
to the New York power execu¬
in multiples of 14 or one-tenth of
1953, $10,000 in 1954 to 1960,
tives the Columbia City Council
1 %.
The named rate may be uni¬
$11,000 in 1961 to 1965, $12,immediately will fix a. date for an form for all of said bonds or
may
000 in 1966 and 1967, as iy2s,
electioh in which the question of
be split so as to name not more
and $24,000 maturing $12,000
purchase at the stipulated figure than two
rates, but there shall be
Nov. 1, 1968 and 1969, as l%s.
Of $39,500,000 will be confirmed
no
more
than one rate for any
547,000 Street Improvement Se¬
or rejected by the people's ballots,
one maturity.
Registerable as to
ries 69 bonds.
For $131,000
Councilman
Gary Paschal said
principal only. Principal and in¬
maturing Nov. 1, $18,000 in
last night.
terest payable at the City treas¬
1945 to 1947, $19,000 in 1948
urer's office or at the Guaranty
Greenville, S. C.
to 1950, $20,000 in '1951, as
Bond Call—B. F. pillard, City Trust Co., New York, Said bonds
3 y2s, $362,000 maturing Nov.
Clerk and Treasurer, announces are to be issued pursuant to the
1, $20,000; in 1952 ' to 1955,
call for payment on Jan. 1, 1945, provisions of Chapter 10 of the
$21,000 in 1956 and 1957, $22,of $2,000,000 41/2% and 5% water Public Acts of Tennessee for the
000 in 1958, $23,000 ih 1959 to
1935, First Extraordinary
bonds, dated Jan. 1, 1925, due Jan. year
1961, $24,000 in 1962 and 1963,
1, 1965, and optional on Jan. .1 Session, as amended, and will be
$25,000 m 1964 to 1966, $26*,next.
The bonds are payable at full faith and credit obligations
000 in 1967, as iy2s, and $54,the National City Bank of New of the City, for the payment of
000 maturing $27,000 Nov." 1,
York, and will be paid by the which taxes will be levied with¬
1968 and 1969, as l%s.
/
city at or through the South Caro¬ out limit as to rate or amount.
150,000 Marine Creek Channel,
lina National Bank, Greenville, or No bids will be considered offer¬
Drainage and Overflow Im¬
the New York City institution.
ing to pay less than the par value
provement, Series 72 bonds.
of the bonds plus accrued interest
For $35,000 maturing Nov. 1,
York County (P. O. York), S. C.
thereon. The award of said bonds
$5,000 in 1945 to 1951, as 3V2s,
Sinking Fund Bonds SoId-r-The
will be made on the basis of the
$101,000 maturing Nov. d, $6iCounty
Sinking Fund
recently
City Council's offer to buy the
company's properties in and near
.
...
..
of
national
other activities that are
in
interstate
'
the
sinking fund.
Peoples National Bank of
The
Rock Hill
bought $56,000 worth of
high¬
the bonds—46 York County
bonds, par value $46,000, for
$49,519.20; and 10 Fort Mill school
way
rate
aggregate
or
of the
of interest
at
the
rates named over the life
bonds, and deducting there¬
from the premium, if any^specified in the bid to determine the
net interest cost to the
City, Pro¬
posals are desired 0x1 forms which
will be furnished by the City, The
approving opinion of Caldwell,
Marshall, Trimble & Mitchell, of
bought nine Clover School Dis¬ New
York, will be furnished to
trict Number 37 bonds, par value
the purchaser without cost. In ad¬
$9,000, for $10,604.70; and seven dition to the
price bid the pur¬
Hickory Grove
School District chaser must
pay accrued interest
Number
40
bonds, par
value at the rate borne by the bonds
$7,000,.for $8,227.10.
from the date of the bonds to the
R. S. Dickson and Company of
date of payment of the purchase
Charlotte purchased three Fort
price.
Enclose a certified check
Mill Number 28 bonds, par value
for 2% of the bonds offered^ pay¬
$3,000, for $3,276.30.
able to the City Treasurer.
district number
28, par value $10,-
000, for $10,425.
The Trust Company of Georgia
C.
W.
Hands
and
Company
character.
bought five Rock Hill School Dis¬
TEXAS
"When this |s done," he added, trict Number 12
bonds, par value
El Paso Housing Authority, Texas
"each level of government should
$5,000, for $5,644.35; and 10 Town
perform its duties and finance its
any
or
all bids.
Enclose a
certified check for 2% of the face
value of the bonds, payable to the
Commission of Public Docks.
PENNSYLVANIA
Coatesville, Pa.
Bond Sale—The $150,000 water
improvement bonds offered Sept.
29—v. 160, p. 1343—were awarded
to A. Webster Dougherty & Co,
of Philadelphia,
as- l%s,
at a
price of 100.189, a basis of about
1.23%. Dated Nov. 1, 1944, and
due $6,000 on Nov. 1 from 1945
to 1969 incl.
Other bids, all for
lV2s, were as follows.
Bid —An
ac¬
activities."
count
composed
of
Goldman,
000, for $12,583.
Johnson, Lane, Space and Com¬ Sachs & Co., Graham, Parsons
Tarentum School District (P. O.
Estabrook &
Co., B.
pany
purchased
two
town of &, Co.,
Tarentum), Pa.
Clover bonds, par value $2,000, J., Van, Ingen
& Co., Bacon,
Bond Sale—The $60,000 coupon
Stevenson & Co., A. C. Allyn &
for $2,154.22.
semi-ann.
Co. and R. S. Dickson was second
refunding bonds of¬
SOUTH DAKOTA
high bidder at the offering on
fered'for sale on Oct. 2—v. 160, p.
Sept. 27 of series A, first is¬
878—were
awarded
to
Singer, Cleghorn School District No. 22
sue housing
authority refunding
(P, O. Rapid City), Pennington
Deane & Scribner, of Pittsburgh,
bonds. The group bid for $1,219,County, S. D.
as lAs, paying a price of 100.776,
000 bonds and offered to pay par,
Agnes E. Schamber,
District
a net interest cost of .about 2.13%
a basis of about 1.14%. Dated Oct.
Clerk, will receive sealed bids
for the issue to consist of $90,000
1, 1944. Due $5,000 from Oct. 1, until 8 p.m. on Oct. 9 for the pur¬
chase
of
$14,000 3%
funding 6s, $43,000 2y2s, $68,000 2V4s,
1946 to 1957 incl.
Second highest
bonds,
which
were
originally $117,000 2s and $841,000 2.10s. The
offer was a bid by E. H. Rollins
scheduled to be sold on Sept. 11. successful bidder, as previously
& Sons, of 100.419 on VA% bonds. The bonds will be dated Oct. 1, noted in v. 160, p. 1455, was a
of Clover bonds, par
Second
value $10,-
High
000 in
Rate Bid
Bidder
,
,
West View
and Dolphin & Co.,
jointly
Mackey, Dunn & Co.,
,
and
Municipal Authority,
Pa.
1944, and mature $1,000
from 1947 to
J-J.
101.69
Bond Call—Chairman Joseph A,
Berkley calls for payment orTNov.
1,
1945,
at
105
and accrued in¬
on
1960 incl.
Callable at par and
interest
on
any
Jan.
1 syndicate headed by Phelps, Fenn
Interest
accrued
interest payment
&
Co., which purchased $1,284,000
bonds at a net interest cost to the
authority of 2.0395%.
.
date.
Fort
.
Worth, Texas
coupon semi¬
aggregating $1,867,jointly
—.
101.427 due Nov. 1, 1982. Bonds should
Hurley), S. Dak.
000, offered for sale on Oct. 3—
Bond Offering—E. G.
E. H, Rollins & Sons.
101.276
Breen, v. 160, p. 1343—were awarded to
be surrendered for payment at the
Blair & Co., Inc.
District Clerk, will receive sealed to a syndicate composed of Hal^.,..100.889
Chase National Bank, New York bids until 8
p.m. on Oct. 10 for sey, Stuart & Co., Inc., Stone &
Singer, Deane & Scribner.100.889t
the purchase of $35,000 not to exStroud & Co.
100.859 City.
Webster and Blodget, Inc., of New
Moore, Leonard & Lynch,
terest 31A% water revenue bonds
Hurley
Consolidated
No. 1 (P. O.
Independent
School District
Bond
Sale—The
annual bonds
1952 to
1962, $7,000 in
1967, as iy2s, and $14,000 maturing $7,000 Nov. 1,
1968 and 1969, as l%s.
320,000
Incinerator, Series 73
bonds. For $76,000 maturing
Nov. 1, $10,000 in 1945, $11,000
in 1946 to 1951, as 3^$, $213,7
* 000 maturing Nov. 1, $11,000
in
1952, $12,000 in 1953 to
1956, $13,000 in 1957 to 1959,
$14,000 in 1960 to 1964, $15;,000 in 1965 to 1967, as iy2s,
and $31,000 maturing Nov, 1,
;
$15,000 in 1968, and $16,000
in 1969, as l%s.
1963 to
,
Bonds Publicly Offered —Hal-
Stuart & Co., Inc., and Asso¬
re-offered the bonds for
sey,
ciates
public investment, at prices
yield from 0.50% tq 1.80%,
cording to maturity.
to
ac¬
-
;
Goldthwaite, Texas
Bonds Voted—At
tion the
voters
recent
a
are
elec¬
said to have
approved the issuance of $35,000
improvement bonds.
■
Houston, Texas
..
Charles Clark & Co.
.
..
,
ject
•
$600,000 Main Arterial Thorough¬
fare, Series 51 bonds.
For
Electric and Gas. Company of the
the
should
States
"The
Portland through roads; maintain the larg¬
er
penal
institutions; purify
will be made in Portland at such streams; replant forests; and aid
bank as may be designated by the in soil conservation. They should
successful bidder. The bonds shall maintain certain higher educationbe sold to the highest responsible institutions and furnish laborator¬
City
adopted May 19, ,1944.
Group A
less than par and accrued interest
will be considered.
District will
land parallel changes in governmental
lowest net interest
cost
to the
therefore and for acquiring ap¬ functions, he declared: "Educa¬ sold
bonds, with a par value of
City.
Comparison of the lowest
pliances or equipment necessary tion,location of highways, the po¬ $92,000, for a total of $102,433.87,
net .interest cost, as a basis for
or convenient in the operation of lice' power
and the care of the according to an announcement
the award, will be made by taking
the said facilities.
The authority unfortunate should be under local from W. D.
Thomasson, head of
necessary,
for the issuance of said bonds is
York, Otis & Co., Fields, Richards
Dated Nov. 15, 1944.
.
ernment
trollers, he said: "If we are going
H. JBur-
Offering—John
bids until
100.345
Pennsylvania (State of)
State Association of County Con¬
Portland, Ore♦
■
Par
2
jointly
Co.,
H. Rollins & Sons——
E.
Oct, 2—v.
on
S.
and
&
Bid
Leonard & Lynch,
K. Cunningham
Moore,
.
Rate
Rate
Bond Sale—The
sale
City Council Offers to Purchase
Public
South
OKLAHOMA
McAlester, Okla.
$25,000 sewage
bonds.
quote in part as follows from a
report which appeared in the Co¬
basis of about 1.69%.
Dated Oct."
lumbia "State" of Sept. 22:.
1, 1944, and due Oct. 1, as fol¬
Columbia City Council is await¬
lows: $2,000 from
1945 to 1948
ing acceptance by the New York
incl. and $3,000 from 1949 to 1954
offices
of
the
basis.
15-year
a
on
lower
eeed 3%
SOUTH CAROLINA
Bond Sale—The issue of $26,000
ref. bds. offered Sept. 27—V. 160,
provement, and such recommen¬
dation was agreed to by the of¬
Monday, October 9, 1944
Bond
W.
that
Offering—It is stated by:;
H. Maunsell, City Controller,
he will receive sealed bids
until Oct. 24, for the purchase of
$14,000,000 water
approved ; by the
election held
on
revenue
voters
June 17.
Bond Of fering—W. H
City
Controller,
sealed bids until
the
■]..
Maunsell,
will
11
bonds,
at
receive
a.m.
(CWT)
purchase of
$14,000,000 prior lien water rev¬
on
Oct.
24
the
bonds.
enue
Dated Oct.
tion
for
$1,000.
1, 1944. Denomina¬
Due Oct, 1, as fol¬
lows: $420,000 in 1947, $429,000 in
1948, $437,000 in 1949, $524,000 in
1950, $534,000 in 1951, $545,000 in
1952, $556,000 in 1953, $567,000 in
1954, $578,000 in 1955, $590,000 in
1956, $602,000 in 1957, $614,000 in
1958,
1960,
1962,
1964,
1966,
1968,
bonds
$626,000 in 1959. $638,000 in
$651,000 in 1961. $664,000 in
$677,000 in 1963. $691,000 in
$704,000 in 1965, $719,000 in
$733,000 in 1967. $748,000 in
and 753,000 in 1969. These
are
redeemable
on
and af-
Volume
■ii
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4323
160
i ^
i
^
,111 Hi llfHJ'ffl*
.
^
(
ter Oct.
1, 1951,. at par, plus a
premium of■2%% if redeemed on
pr before Oct, 1, 1953, or a prem¬
and
thereafter
1 Vz %
of
ium
on
before Oct. 1, 1957, or a prem¬
pr
ium of 1 %; thereafter and on or
before Oct. 1, 1960, and without
premium if redeemed thereafter.
Principal and interest payable at
the Chase National Bank of New
The approving opinion of
York,
Reed, Hoyt & Washburn, of. New
York, will be furnished. Bidders
will name the rate or rates of in¬
terest, not exceeding two rates, in
The bonds
and inter¬
est solely out of the income of
the water system.
They are se¬
cured by a pledge of such income.
Bids not in strict conformity with
the notice of sale will not be con¬
sidered. Delivery of bonds with¬
in approximately 40 days after
sale.
The City agrees that should
the Federal Income Tax status of
multiples of 14 of 1%.
are payable principal
WASHINGTON
In the case of the following is¬
the curtailment of
Co., Seattle, at a price of 100.069,
a
net
interest
cost
of
about
traffic, it is recom¬ sues bids will be received by the Ccwiltz
County Public Utility Dis¬
1.694%, as follows: For $150,000
mended that in mailing any bid, respective agencies until Oct. 31:
trict No. 1 (P. O. Longview),
maturing $5,000 Jan. and July 1,
check mailing schedules carefully
Wash.
5,157,000 Chester, Pa., Housing
1946 to 1948, $10,000 Jan. and July
to assure that the bid Will be re¬
Authority,
dated
Nov.
21,
Reports On Facilities and Oper¬
1, 1949 to 1954, as 2V2S, and $250,ceived by the local housing au¬
1944, due Nov. 27, 1945, and ations
An illustrated brochure 000
maturing $13,000 Jan.' and
thority before the hour set for
consisting of $1,000,000 23rd entitled "Your Public Utility Dis¬
$12,000 July 1, 1955 to 1964, as
series
bid-opening.
• notes, $1,157,000 24th trict
Reports" now at hand con¬ IV2S.
The City may, at its op¬
"Should you desire any further
series* $1,500,000 25th series, tains a detailed account of the
tion, call all or any part of the
information regarding these, notes,
and $1,500,000 26th series.
operating results of the above dis¬ outstanding bonds for redemption
you may communicate with us or
2,068,000 Fayette County (Uniontrict, the largest public utility dis¬ on July 1, 1954, or any interest
with the particular local housing
town), Pa., Housing Author¬ trict
operating
in
the
Pacific payment date thereafter, upon 6Q
authority in whose notes you are
ity. Dated Nov. 21, 1944, due Northwest.
In addition to noting
days' advance notice.
interested."
Nov. 27, 1945, and consisting
facts
and
figures pertaining to
The next highest bidder was:
of $1,000,000 9th series and
Offerings for which bids will be
the district's * physical plant, the Shields &
Co., Foster & Marshall,
opened Oct. 11 are as follows:
$1,068,000 10th series.
literature sets forth plans for the and Atkinson-Jones & Co., joint¬
800,000
Washington
County future.
$1460,000 Paterson, N. J., Hous¬
November of the present
ly, for $90,000 4s, $20,000 2s, and
(Washington), Pa., Housing
ing Authority. Dated Nov., 1,
year, it is poted, will mark com¬
$290,000 iy2s (callable or nonAuthority 3rd series notes.
1944, due Nov. 27, 1945, and
pletion of four full years of oper¬ callable) at par, a net interest of
Dated Nov. 21, 1944 and due
consisting of $458,000 third
ation by the district of the elec¬
about 1,741%.
Feb 3 1946
series
notes,
$460,000 fifth
In
ful bidder may withdraw his bid
and recover his good faith check,
tapon making written request to
the Mayor and City Council. Bids
must be for all or none of the
than par
Enclose a
'certified check for 2% of the par
rvalue of the bonds, payable to
Otis Massey, Mayor.
not* less
and for
accrued
and
interest.
Winters, Texas
|
i
Bonds Publicly Offered
The
—
Securities Co. of San
Antonio is making public offering
Colombian
works reyauthorized
pf $200,000 3V2% water
pnue bonds that were
"election in May. The bonds
are dated Oct. 1,
1944.
Interest
A-O.
Denomination $1,000.
Due
at
an
1, as follows: $2,000 in 1946
1947, $3,000 in 1948 to 1950,
$4,000 in 1951 to 1956, $5,000 in
1957 to 1963, $6,000 in 1964 to 1868,
Oct.
and
1969 to 1972, $8,000 in
'1973 to 1976, $9,000 in 1977 and
1978, and $10,000 in 1979 and 1980.
Bonds maturing in 1956 to 1965,
interest paying
date, at par, on or after Oct. 1,
1955, bonds maturing in 1966 to
1979, optional on any interest pay¬
ing date, at par, on or after Oct.
1, 1965, and bonds maturing in
optional
any
on
interest pay¬
ing elate at 102—however, these
bonds are being reserved for the
'City as it may be possible that
I this
impovement will not cpst
more than $190,000, in which case
the City wishes to promptly re¬
tire this $10,000. Principal and in¬
terest payable at the Capital Naitional Bank, Austin. These bonds
iare special obligations of the City,
; payable from, and secured by, an
.
exclusive first lien on the pledge
the
of
revenues
1,751,000
Newport
News,
Va.,
Housing Authority. Dated
Nov.. 21, 1944, due Nov. 27,
1945, and consisting of $751,000 10th series notes and $1,000,000 11th series.
378,000 Orlando, Fla., Housing
Authority 5th series notes.
sixth
$1,000,000
series-
1,730,000 Buffalo, N, Y„ Housing
Authority.
Dated
Nov.
1,
due
Aug.
28,
1945,
consisting
of
$730,000.
fifth series notes and $1,000,-
19144,
and
000 sixth series.
Dated Nov. 21, 1944 and due
517,000 Allentown, Pa., Housing
Nov. 6, 1945.
Authority fourth series notes.
Dated Nov. 1, 1944 and due
369,000 Fayetteville, N. C., Hous¬
Nov. 6, 1945.
ing Authority 5th series notes.
Dated Nov. 21, 1914 and due
458,000
Long
Branch,
N.
J.,
Feb. 26, 1946.
Housing Authority third ser¬
ies notes. Dated Nov. 1, 1944
1,458,000 Memphis, Tenn., Hous¬
and due Nov. 6, 1945.
ing Authority.
Dated Nov.
6,323,000 National Capital Hous¬
21, 1944, due Nov. 27; 1945,
and
ing
Authority,
Washington,
consisting
of
$458,00.0
D. C. Dated Nov. 1, 1944, due
10th series notes and $1,000,Nov. 6, 1945, and consisting
000 11th series.
of $323,000 37th series notes, 12,250,00.0 Detroit, Mich., Housing
$1,000,000 38th series, $,1500,-,
Authority.
Dated Noy. 21,
000 39th series, $1,500,000 40th
1944, due Nov. 27, 1945, and
series
and
$2,000,000
41st
consisting pf $1,250,000 59th
.series.'
series notes, $1,000,000 60th
1,728,000 Columbus, Ga., Housing
series, $2,000,000 61st series*
/Authority.
Dated
Nov.
1,
$2,000,000
62nd
series, $3,1944, due Nov. 6, 1945, and
000,000 63rd series and $3,consisting
of $728,000
11th
000,000. 64th series.
series
notes
and
$1,000,000
571,000 Madison County (East
.
•
.
12th series.
,
357,000 Meridian, Miss., Housing
Authority fifth series notes.
Dated Nov. 1, 1944, and dpe
: "
'
Nov.
27,
1945..'
v
.
396,000 Champaign County (Rai^toul), 111., Housing Authority
1, 1944 and due Nov.: 6, 1945.
7,186,000 St. Louis, Mo,, Housing
Authority.
Dated
Nov.
1,
1944,
due
$631,000
of
$1,000,000 20th
series, $1,000,000 21st series,
$2,00.0,000 22nd series, $2,000,000, 23rd series, and $555,000
24th series.
982,000 Galveston, Texas, Hous¬
ing Authority 8th series notes.
Nov.
1, 1944 and
Works System, after deduction of
Dated Nov.
Reasonable operation and mainte¬
nance expenses, as provided by
j Articles 1111 to 1118, of the re-
403,000 Anaconda,
;
vised Civil Statutes of Texas, 1925,
approved by
j as amended. Legality
j
Chapman : & Cutler, of Chicago.
A Nov. 27, 1945..
thofityOrd serips notes. Dated
Nov. 1, 1944 and due Nov. 6,
United States
Local
194$.
'
Housing Authorities
Of¬
fer $64,4A 4000 Notes—Various lo¬
cal
homing
authorities
are
the series will be sold
the
and
balance
announcing
the
L,
General
Kroo'h.
the
Fed
thority
vd
"Each
be
"sue
'seomvd
as
In
offerings,
Public
noted
11
31.
Oct.
on
Oct.
on
David
Counsel
of
Housing Au¬
follows:
of these
notes will
Requisition
Agreerre: t between the issuer and
the Fed' ol Public Housing Au¬
thority
ich is now administer¬
ing the
notions of the United
States 14
ing Authority. Under
this
rcent
pr-
mits
ib-.
able
fr1
to
'
princhr.'
the
pe^
prior
sue,
tlv-
which
.
a
the
"
FPHA
make
funds
com¬
avail¬
full payment of the
d interest of each of
issues
agent
:
curity
"
ive
rec
the
by
of
of notes
to
notes
Each is¬
such
ir maturity,
re, has the same se¬
ny other,
no matter
1 authority is the is-1
suer.
Dated
an¬
nouncing offering of note issues
aggregating $64,403,000.
Part of
S
••
.
■
204,000 Glendale, Ariz., Housing
Authority 3rd series notes.
Nov. 6,
Noy.
}, 1944 and due
1945.
236,000. Mesa, Ari?., Housing Authority 3rd series notes. Dated
'
Nov. 1,
1945.
Dated
notes.
County,
Nov.
and due Feb. 5,
Feb. 5, 1946:
606,00Q Clackamus County (Ore¬
City), Ore.., Housing Au¬
gon
thority 3rd series notes. Dated
Nov.
21, 1944 and due Feb. 26,
1946,
ries.
Nov.
27, 1945.
Authority
64th
Nov. 1,
NPV. 6, }945.
Dated
series
notes.
1944 and due
the
and
cost
kwh.
per
this period.
Although the report is made to
it
of wide interest to finan¬
electric
PUD's
consumers,
ip view of the grow¬
trend tpward publip acquisi¬
cial circles
ing
electric
of
tion
utilities financed
self-liquidating revenue
Details—The $150,000
water
works
awarded
Sept. 14
Portland,
of
Co.
bonds
Fordyce &
previously
revenue
to
as
notecf in y. 160, p, 1344, were sold
at a price of 100.01^ a net interest
cost of about 1.959%, as, follows:
Tp Refund Transit Bonds—Tbe
city is expected to call for bids
next month on an issue of $6,000,000 rapid transit system refund¬
ing bonds to bear interest at the
rate of 1%%, as compared with
fhpt pf 3V2% paid on the putStanding bppds. which are subject
call at
to
W.
price of 104.
a
Wheeling, W. Va.
registered
Dated
nomination
annually
Dec.
refunding
1,
$1,000.
from
1944.
$5,000
Due
1945
to
De¬
1960
No bids for less than par
will
considered.
will
be
be
ent
The
authenticated
as
to
legal authority.
been
Recommended—A
Tacoma,
The
$400,000
water
gen¬
fered
Oct.
the Dis¬
for
re¬
general
1940
the
financing
im¬
plan
bonds would,
provement
were
$6,000,-
than had
accord¬
ing to estimates made by the city
auditor, effect a savings of $90,00,Q
city over a period of 30
this
for
The city is in touch with
years.
bond
Ohio
two
it
2
be
would
only
companies
issue
to
pay
$1,-
bonds
of
the
on
required
outstanding
original
in
that
instead of 2^%
063,000
the
;
outlined
was
from
$1,200,000.
Representatives of the two bond¬
advised the
ing companies have
city that a similar offer is to be
to the Ohio County Board
Education on the refinancing
made
of
bonds which they say
1940
of its
would
another
mean
saving
pf
$113,880.
WISCONSIN
Caledonia School District No. 8
(P. O. Route 1,
Racine), Wis.
Sale—The issue of $4,000
Bond
improvement bonds offered Sept.
20
was
awarded,, to the First Na¬
tional Bank & Trust Co.
as
of Racine,
2y2s, at par,
WYOMING
Rock Springs
No.
Paving District
Wyo.
31,
Bonds
Council
Authorized
has
authorizing
The
—
City
passed an ordinance
an
issue
of
$54,000
improvement bonds.
expected.
tered
Principal and
trict Tf^surpr's pfficp.
000 debt six years sooner
bonds
validity by compet¬
interest (J-D) payable at
hopes to, retire the entire
in¬
clusive.
Proposal
Refinancing
Bond
said
interest
irv
Interest M-N._,
1947.
the lower rate would represent a
ments, alone during the next five
years.
He stated that the system
Is.
as
1945, $4,000 in 1946, and $4,500 in
saving of $154,000 in interest pay¬
bonds.
Fund
1, 1944. Denom. $500.
1, as follows: $3,500
Due May
Caspar
Commission,
Transit
purchased by
Sinking
Dated May
Clarke, Chairman of the Se¬
attle
State
the
city
Longvipu), Wash.
Bond Sale
Oct. 9 for the pur¬
on
construction
new
this year have been
which
bonds.
$80,000 not to exceed 2%
(E.W.T.),
for
issue
bond
on
has been reduced
from 2.3 cents to 1.7 cents during
use
chase of
uineness and
2,256,000 Boston, Mass., Housing
68%
Seattle, Wash.
196,000
Darlington
County
(Darlington), S. C., Housing
Authority 1st series notes.
Dated Nov. 21, 1944 and due
repair, and the third a $2,000,000
nearly
increased
Kern County (Bakers$43,000 maturing Oct. i, $4,000 in
field), Calif., vHp.usmg Au¬ 1946 and
1947, $5,000 in 1948 to
thprity 4th
scrips
np.j e s.
19$i as 23/4s, $69,000 maturing
Dated Nov.- 21, 1944 and due
Opt. L $5,000 in 1955, $6,000 in
Nov. 27, 1945. : /• v
'! ; 1956 to
1961, $7,000 in 1962 to 1965,
003,000 Riphmond, Calif., Hous¬ as.l%s, and $38,00,0 maturing Oct.
ing Authority 3rd series notes. 1, $7,000 in 1966 and 1967, and
Dated Nov. 21, 1944 and due $8,000 in 1968 to. 1970,, as 2s.
Feb- '26, 1946.
;
'
430,000
VERMONT
$3,000,000 63rd se¬
has'
consumer
by 100%
Corpus Christi, Texas,
Housing Authority 5th series
notes.
Dated Nov.
21, 1944
and due Nov. 27, 1945.
anil
items of delayed maintenance
generating mipg pool bonds authorized early
lowest-cost
the
will be
980,000 Little Rock, Ark., Hous¬
ing Authority 4th series notes.
Dated Nov. 21, 1944 and due
162,Q0Q Sant£( Barbara Cpunty Milton Graded
Schop^
YA
(Lompoc),
Calif.,
Housing
Bond Offering—Homer L. Pow¬
Authority 3rd series notes.
Dated Nov. 1, 1944 and due ell, District Treasurer, wdl re¬
Feb. 6, 1946.
ceive sealed bids until 5 P. M.
series and
of
the
1946.
extra tax levy of 10 mills for
ah
ing for sinking funds of $642,038, and equipment.
was
$6,018,962,
a
decrease
of
It is also reported that at the
$562,177 from the 1941 figure of
general election the voters will
$6,581,139, at which time the sink¬
ing fund item was $218,861.
A be asked to pass on the issuance
further reduction in debt will be of $3,500,000 sewer improvement
; made on Nov. 1, with the redemp¬
b.onds.
tion of $145„000 bonds.
WEST VIRGINIA
The report describes thp 30,000kilowatt steam generating plant
McMechen, W. Va.
of the
PUD which, because
it
Bonds Sold—The $12,000 swimburns cheap "hogged fuel," is one
1944
21,
1944 and due Nov. 6,
9,221,000 Boston, Mass., Housing
Authority, dated Nov. 1, 1944,
due Nov. 6, 1945 and consist¬
ing of $221,000 54th spries
notes,
$250,000 55th
series,
$250,000 56th series, $500,000
57th series, $500,000 58th se¬
ries, $500,000 59th series, $1,000,000 60th series, $1,000,000
61st
series,
$2,000,000 62nd
1944, aggregated $6,661,000, as compared With $6,800,0.00 on Dec. 31, 1941. Net debt
on the June 30 date, after allow¬
3Q,
residential
111.,
Housing Authority 4th series
Mont., Hous¬
174,000 Clallam
Cpunty
(Port
Angeles), Wash.', Housing Au-
UNITED STATES
21, 1944 and due
Winnebago
841,000
due
ing Authority Itti series notes,
Hated Nov. 1, 1944 and due
r
notes.
Npv. 6, 1945.
Nov. 6, 1945.
!
series
5th
880,000
828,000 Galveston, Texas, Hous¬
ing* Authority,
7th
series
notes. Dated Nov. 1, 1944 and
due Nov. 6, 1945.
Dated
Authority
19th
series-notes,
bonds outstanding
District
1936.
at June
,
Feb. 5, 1946, and
consisting
plar^t and system formerly
Bond Election—Voters
of the
by
Washington Gas &
City will be asked to approve
Electric Co.; six years of opera¬
tion of rural electric lines con¬ fhree, school finance propositions
structed by the district and fi¬ at the general election Nov. %
nanced through the Rural Elec¬ one
proposing an extra tax levy
trical Administration, and eight
of eight mills for
operation of
years of existence since the dis¬
trict was created by the voters in schools in 1945-46; one asking for
owned
plants in the utility business, and
points out the economical opera- j
tions resulting from the system's
90% load factor compared to 50.
Alton), 111., Housing Author¬ to 60% generally in the electric
ity 4th series notps.
Dated industry. It points out that from
Nov. 21, 1944 and due Nov. 1941 to
1944 customers have in¬
27; -1945k->. .-«•«'
creased from 6,044 to 6,549; aver¬
410,000 Rock Island, 111., Housing age electric use per residential
Dated Nov.
5th series notes.
.Water
the
tric
and
series
1980, optional on any
of
of
air
—
in
$7,000
view
civilian
these
bonds change after the
ppening of the bids and before
the date of delivery, .the success¬
bonds
1575
>-«
Wash.
coupon
revenue
3—v.
awarded
to
160,
a
or
regis¬
bonds
p.
group
Canada (Dominion
of¬
Treasury
1456—
com¬
posed of John Nuveen & Co., Chi¬
of
Bills
of)
Sold--An
issue
$65,000,000 Treasury biljs was
sold on Sept. 14 at an average
Braun, Bosworth & Co., To¬
yield of 0.38%.
Dated Sept. 15,
ledo, F. Brittain Kennedy & Co.,
due Dec. 15, 1914.
of Boston, and Hartley, ftegers &
cago,
THE COMMERCIAL & FINANCIAL CHRONICLE
1576
Monday, October 9, 1944
Official U. S. Coast Guard photo
....
STEP UP
YOUR PAY ROLL PLAN!
Official Ui S» Marine Corps photo
*.
War is
a
continuous
Your job is to
Ever-widening, ever-advancing fighting fronts call for
a
never-ending flow of
financed
Your
by
manpower
that not
and materiel—•
as
top management increases
with
all percentage
tide of battle. You've been entrusted with
So
marginal
keep this
tion is your
crease
Pay Roll Savings Plan.
one
salient fact before
The backbone of
our
vital
war
you
everyone
keep
opera¬
Pay Roll Savings Plan.
ease
;
figures wherever possible.
group
represents
of 25% to 30%
on
of this task. This
potential total sales in¬
a
all Pay Roll Plans.
'
your
Pay Roll Savings at
an
up—until the War is won!
:
all-time high. Don't
/
"
\
'/■ ■■■'•
Thd Treasury Department acknowledges 'with
•-
„■
;.
' •
-i
.
•
appreciation the publication of this
THE
(■', ■■
message
by:
COMMERCIAL AND
FINANCIAL
CHRONICLE
SELL MORE THAN BEFORE!
This is
an
for
Constant vigilance, in a quiet way, is necessary to
at all times:
financing
Team Captains solicit
Don't underestimate the importance
duction, and steadily maintained War Bond Sales
your
keep it constantly revitalized. See to it
single new or old employee is left unchecked/
regular week-in and week-out subscriptions. And raise
major responsibilities—steadily maintained pro¬
through
a
See to it that your
continuous flow of money.
responsibility
the mounting
two
a
.
job.
official U. S. Treasury advertisement prepared under the auspices of Treasury Department and War Advertising
Council
@FedFRASER