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01S45
MONDAY
Reg. U. S. Pat. Office
Number 4419
162
Volume
New
General
RAILROAD
Aeronca Aircraft
The
PUBLIC UTILITY
■
Corp.—1944 Renegotiations—
&
proceedings for the
year ended Dec. 31, 1944, have resulted in an additional price adjust¬
ment refund of $235,000, which exceeds by $214,831 the reserve pro¬
vided by the company.
The company's statement said the net refund,
after
$60,125.
is
*
■
effect
giving
Net
.
Federal
income
and
profits
excess
tax
Co.,
Inc.,
INDUSTRIAL
-
and
Dempsey & Co.,
INSURANCE
-
Chicago, will head the underwriting
profits for the year ended Dec. 31,
reported at $145,831
are
as
1944,
000;
The
the
expects
company
to
$79,200
the
of
retire all
preferred stock at $110 a share and $119,450 to repay a loan
the Smaller War Plants
Corporation.
*
use
to
money
from
re¬
161, p. 2653.
General
Issue
Other
Page
New
1945
1944
1943
from
from
$333,582
$426,941
$363,763
$301,122
50,426
155,097
138,426
88,995
12,981
Jan.
From
Gross
74,629
75,447
48,335
income—
Net
ry.
railway
2,797,753
2,701,979
879,889
960,679
2,571,551
1,100,900
360,498
481,195
604,651
$2,671,235
__
1,097,010
income
-V
3,333,915
3,243,200
8,766,010
8,811,939
273,600
730,522
718,156
—_—
$562,857
$578,001
$7,021,824
246,913
254,645
3,076,086
$315,944
lUj—L.
Balance
162,
$323,355
$3,945,737
Stock
189,082
2,268,986
$126,862
■
$134,273
$1,676,751
Net
1200
1200
at
to
projects
nities.',
1187
notified to
26.
the
40-hour week, effective
with the first turn,
V
/,./-
for
general
they
in
prospect
taken
were
up.
While
books,
fact
work for which men would be
employed
A temporarily reduced
working schedule is
Watervliet, N. Y., plant, until the slack can be
present
backlog of civilian orders is on the company's
of operations may largely be ascribed to the
level
cancellations of
expected.—V.
162,
p.
rated orders thus far
have
been
lighter that
Allied Control Co., Inc.—Registers with SEC—
company has filed a registration statement with the SEC cover¬
the sale of 100,000 shares ($8 par) preferred stock and 20,000
shares ($1 par) common stock, which will be offered in a unit of
ing
will
share
of
receive
preferred and one-fifth share of
the
proceeds
from sale of
these
issue
The
company
Ames,
Emerich
common.
stocks.
Statement
of
of
Banks
Member
the
Federal Reserve System..
2-2600
Oct.
to
have
at
to
1,
has
the
accrued
a
outstanding
shares
5%
pre¬
the
of
stock
new
share-for-share basis,
stockholders
on
the
new
equivalent
stock
the
to
from
the
by
subject
1
Sept.
5%
pre¬
expected
that
on
is
preferred stock.
rights.
prices
4%
The
plus
preferred
dividends:
accrued
1,
1947, $4 above par; thereafter to
thereafter to Oct. 1, 1951, $2 above par;
$1 above par, and thereafter
issue will be 2% annually.
for the remaining
preferred.
plan
of 4%
no
shares
5%
conversion
following
Oct.
par;
1953,
new
par
no
the
before
the
for
Puckett,
firm
at
Stores will be held Sept.
20
The
par.
authorized
to
but
un¬
eliminate
President,
last
over
to
Co.—Official Resigns—
H.
has
Years Ended June 30—
Sales
Cost
1945
(net)
of
American Cable & Radio Corp. (& Subs.)—Earnings—
1944
,
$10,134,014 $11,945,116
goods sold.
administrative
8,190,618
160,835
1,033,934
141,816
Crl6,652
general "expense—
Federal normal income tax,
995,392
Crll,947
and
6 Months Ended June 30—
8,853,992
Pensions
income
(net).
•
value excess
profits tax
Federal excess profits tax
Addition to reserve for replacement of finished
leather inventory
332,500
345,000
40,000
945,000
$426,616
$442,027
_—
Balance
surplus
200,000
——
Balance
Assets—Cash,
and
$409,883;
Sheet,
United
June
Gross
Net
certificates
of
indebtedness
bonds at cost and accrued interest which approximated
accounts receivable, $736,987; inventories, $1,793,187; cash surrender value of life insurance, $342,136; assets segregated
for post-war plant rebuilding and modernization and expansion, $562,000; other assets, $97,122; land, buildings, machinery, equipment, etc.
treasury
(after
647;
903;
$2,220,176;
reserves
for
depreciation
and
revaluation
trade-marks and formulae,
total, $6,634,041
■
,
-
good will,
r
$1;
.
Int.
in
Net
taxes
$1,390,052
2654.
•
Effective
trip
Sept.
between
1,
New
INCORPORATED
4, N. Y.
Teletype: NY 1-573
Telephone
REctor 2-3600
NASSAU
STREET,
-
$1,264,369
•
'
I
i:
Inc.—Expands Service—
K
'
{
Banks, Corporations and Individuals have found
an effective market place for large or small
us
BLOCKS of SECURITIES
^
Security Dealers
-
|
are
not
readily marketable.
INQUIRIES INVITED
*
-
Association
NEW YORK 5
* Philadelphia Telephone
Enterprise 6015
•
this corporation has added one extra daily round
York and Los Angeles to its current transconti-
which
York
,
•
..
American Airlines,
RAILS
New
1,441,300
...
payable, $495,337; accrued state and capital
(estimated), $27,500; Federal taxes on Income (estimated),
Members
158,585
1,023,000
profs, taxes.
exc.
-V ■'
Liabilities—Accounts
stock
—
—
income
161, p.
••
$1,693,474), $446,deferred charges, $25,-
$2,864,254
(retired in full
;
S. Federal inc. Si
$2,821,612
42,642
I]
$2,413,052
—
long-term debt of subs,
of
..
$2,272,825
140,227
.
'S
1944)
Prov. for U.
—V.
—
(net)
income
income
on
—
profit
Non-operating
1945
30,
States
1944
1945
$10,121,704 $10,131,369
4,305,188
3,654,730
———1,164,033
1,217,939
General and miscellaneous expenses
844,258
829,926
Taxes, other than U. S. Federal Income and ex¬
cess
profits taxes
—807,205
848,297
Provision for depreciation and amortization—728,195
758,865
Operating revenues
Expenses of operation-......——
Maintenance and repairs-
surtax and declared
Selling,
INDUSTRIALS
Company
Bell
date
Hill, Vice President in charge of industrial relations since
resigned his position,) effective Sept. 1, to accept a post
with
the McGraw-Hill
Publishing Co. in New York.
No successor
for Mr. Hill has been chosen as yet.—V. 162. p. 665.
45
HAnover
the
stock,
the
for redemption on Nov. 19, 1945.Sept. 5 authorized 300,000 shares of $100 par 4%
It is planned to issue an initial series
the new preferred to replace the presently out¬
Allis-Chalmers Mfg.
ELECTRONICS
NEW YORK
to
to
1206
Lee
Established 1922
STREET
applied
preferred
1945,
stated that the company's sales are still
year.
Anticipation of Japan's surrender
adjust inventories to avoid losses, he said.
A
method of undervaluing inventories during the war has constituted,
in effect, a reserve for price fluctuations, Mr. Puckett said.—V. 162,
p. 777.
1211
Kobbe, Gearhart & Company
80 BROAD
of
increases
the
MUNICIPAL DEPARTMENT
>
1,
called
meeting of Allied
preferred stock.
Earl
be
5%
stock.
above
$3
to
100,000
enabled
1941,
Municipal Bonds
Telephone:
on
or
company
5%
B.
of
Auction Sales
SPECIALIST IN
&
be
is
on
1949,
showing
1206
Statement
will
of
July
and? the dividends accrued
the date of redemption.
It
Another
Federal
Reserve Banks
Condition
1,
issued
1206
FLORIDA & NEW JERSEY
cAllen
to
redeemable
thereafter
12/56
Foreign Exchange Rates
Condition
be
The
Dividends Declared and Payable
market,
873.
The
one
dividends
1
will
shares
new
redeemed
1205
*
substantial
a
the
that
steel mill
the
purchase
to
payable
delivery
preferred
to
available.
for
stock
200,000
Oct.
1206
The Course of Bank Clearings
Other
-
wanted"
if
of
Sept.
sinking fund
Notices
shares
shares
from
Allied Kid Co.—Earnings—
applies to the plants at Brackenridge, Pa., Dunkirk,
N. Y., the Forging & Casting
Division, Ferndale (Detroit), Michigan,
and
West
Leechburg, Pa.
In most cases, the need is for men to
handle
heavy general work.
The
West
Leechburg plant is hiring
women
5%
is
will
Backlog of Civilian Orders—
resume
•
dividends
Jstock in payment on
The stockholders
of
Bond Offerings and Sales. .1219
these
of
outstanding
opportunity
between
date
If
continues at four of the corporation's plants, another at
Buffalo, N. Y.r has. experienced no lay-offs,• and a sixth plant faces
a
temporarily reduced working schedule,- the company reported on
Aug. 22 in summarizing its present
situation.Meantime, all plants
"Men
the
from
cumulative
General Corporation and Investment News.1161
Hiring
were
the
the
\
1187
sale
accrued
adjustment
difference
"
Has Substantial
Aug.
cash
ferred
1187
the
195,225
and
for redemption.
stock
a
to
1204
get under way rapidly," said Mr.
"and will provide additional employment for both commu¬
Batcheller,
fixed
The
these
on
from
the
tendering the 57r
...1203
______
of
share
a
The underwriters will offer to holders of the
ferred
Stock
Combined
un¬
group
standing 195,225 shares of $100
$5,000,000 post-war research and production expansion program
approved by the directors, Hiland G. Batcheller, President,
announced on Sept. 4.
An ultra-modern research laboratory and related experimental and
pilot plant equipment will be built at company headquarters, Brackenridge, Pa„ to intensify studies of the structure, melting, processing and
further development of Itfgh aUoy steels.
At the West Leechburg, Pa.,
plant will be constructed a cold rolling
mill of latest design, for rolling stainless and silicon strip steels.
It
will add materially to the capacity of the. plant and will bring new
precision and uniformity of quality in the production of the special
strip steels made there.-.;/.
'
($100) and accrued dividends from Sept. 1.
$100
;
$1,943,389
been
8,400
-1
2537.
p.
proceeds
to be
..1200
Stock and Bond Averages
A
"Work
21,000
160,
redemption
Redemption Calls and Sinking Fund
has
$22,599
:v
at par
1200
Stock Exchange
State and City
8,652
$24,089
headed by Lehman Brothers on Sept. 7
offered 200,000 shares of 4% cumulative preferred stock
Transactions New York Curb Exchange
See Chicago Mail Order Co. below.
21,800
8,749
Allied Stores Corp.—Preferred Stock Offered—An
•
Allegheny Ludlum Steel Corp.—Expansion Program—
:
21,800
accruals
reserve
derwriting
Miscellaneous Features
„
$53,052
1199
__
Over-the-Counter Markets.i.
Alden's, Inc.—Proposed New Name—
4,272
$54,638
1199
Exchange
562.
p.
$48,779
4,374
1198
Montreal Curb Exchange...
2,268,986
18,084
14,603
$50,264
income
—V.
6,816
'
16,952
Dividends
Exchange—Curb, Section.!..1202
Montreal Stock Exchange
.U.
..1202
$4,212,375
189,082
stock
8,006
20,060
taxes..
deductions
1197
Transactions New York Stock Exchange
pfd.
Net
1198
Toronto
3,186,189
income
Retirement
1199
Toronto
$7,398,564
deductions-
on
—V.
12,095,636
•
154,145
income
1197
Exchange.
Exchange
St. Louis Stock Exchange
$31,609,340
13,543,062
l,p48,042
280,845
Provision for taxes J-—.
Net
Stock
Stock
Detroit Stock Exchange.
1945—12 Mos.—1944
$2,617,800 $32,664,812
:
1944
$242,429
income
Income
1192
Philadelphia^tock Exchange.....
Pittsburgh "Stock Exchange....
1945—Month—1944
Operating expenses w_.
Prov;:; for, deprec;^-.
Divs.
Exchange
Los Angeles Stock Exchange.
Period End. July 31—
Gross revenue
&c.
Curb
Cleveland
Alabama Power Co.—Earnings—
Gross
1188
Cincinnati Stock Exchange
627,368
162, p. 561.
Int.
1177
(Bonds)
Chicago Stock Exchange
344,034
income
oper.
(Stocks)
Exchange
Boston
1,902,157
railway—
from
Exchange
Stock
Baltimore
1—
from
Net
V.
railway
Stock
York
New York
1942
railway
oper.
York
New
.v
$257,699
taxes
Gross
$450,-
1945
Utility operating income
Stock and Bond Quotations
Akron, Canton & Youngstown RR.—Earnings—
ry.
inventory,
Co.—Earnings—
revenues
Federal income
The company has suspended the use of the war and aviation rider
on
new
policies issued to civilians, Robert B. Coolidge, Agency Vice
President, announced on Aug. 20. In cases of special aviation hazard,
the company will use the partial aviation rider.—V. 162, p. 777.
Net
leather
$1,313,585; paid-in surplus, $2,143,042;
total, $6,634,041.—V. 161, p. 2325.
Maintenance
This
/'•
Net
finished
$5),
162,415
Operating
Operation
Aetna Life Insurance Co.—War Rider Dropped—
Gross
replacement of
(par
12 Months Ended June 30—
In
July—
stock
surplus, $1,770,916;
Allied New Hampshire Gas
credits,
compared with $205,956
for
reserve
capital
earned
5%
adjusted to give effect
ported by the company in its annual report.—V.
-
Copy
a
MISCELLANEOUS
•
$433,661;
group.
,
the refund,
to
to
Price 60 Cents
Corporation and Investment News
has announced that renegotiation
company
York, N. Y., Monday, September 10, 1945
Bell Teletype
New York 1-576
|
HILL, THOMPSON & CO., INC.
120 Broadway,
i
■
: ••
EllllllllllllllllllllllllllllllllllllilllliM
•.
•
---•
New York 5, N. Y.
■
•
■
Monday, September 10, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1162
nental
?S
The
stops
American
°°S
are
American's
■"Net
;
subs,
not
service, which was temporarily sus¬
permit airport improvements, was also, resumed
30 to
from
of
to
subsidiary
Corp.—-Meeting—-
directors
Securities Co.—Initial Dividend—
initial quarterly dividend of
$4.50 preferred stock, series B, payable
record Sept. 24.—V. 162, p. 450.
of
to holders
Sept. 29
rA2.-M?^?"',e'iJUne30-
Other—
Certificate
$ooHot
335,121
182'<m
'
^
$26,241
conditional int. deducts.—
^^,488
cation.—V. 161, p.-1194.
Chemical Corp.—Debentures Called—
& Film Corp. below—V. 162, p. 873.
General Aniline
mechanical reasons it is not
NOTE—For
to arrange companies in exact
However, they are always as near
possible
order.
position
1945
30—
6 Mos. End. June
$
Depreciation
Profit
from
.
27,425,106
Other income
Net
taxes-
income
--
600,000
1,400,000
3,359,469
3,050,550
1,183,665
1,231,864
965,354
689,773
Preferred
dividends.,
Common
"Includes
—
profits taxes of $11,343,000
excess
p.
and is after deducting
$
tlncludes
also
of $22,140,000
;
and after post-war credit of
—V.
$2,400,000.
*
U. 43. and- Canadian Government securi¬
ties, at cost, $13,565,400; U. S. excess profits tax refund bonds, $2,273,418; accounts receivable (net), $12,444,382; unbilled charges on contracts
with
U.
S.
Government and other contractors, $2,523,044;
inventories, $39,573,254; fund assets under Government contract ad¬
vances
(contra),
$10,872,311; post-war credit on Canadian excess
profits taxes, $3,248,268; investments—at or below cost (after reserve
for
possible loss of $1,769,000), $1,701,798: land, $2,237,750; build¬
ings, machinery and
equipment (after reserve for depreciation of
.$32,645,160), $20,444,201;
patterns, drawings and dies, $2,100,000;
unused plant sites
ar
estimated realizable values, $37,732; goodwill,
$11,000,000; deferred charges, $583,566; total, $142,301,232.
Assets-rCash, $19,696,108;
•
Liabilities—Accounts payable, $11,706,237;
payroll,
accrued
728;
other
and
expenses
dividends payable, $1,050,items, $4,056,780; accrued
(after
contracts
liabilities
Treasury
S.
U.
tax
Government
under
The
of
to
for income
sale
$4,929,000
due
1979
and
Florida
Power
$4,900,000 first
Power & Light
of Texas
Co.,
Approved—
>
V. 162,
private
Light 4)4% sinking fund debentures
bonds, 2%%~ series due 1975,
both subsidiaries.
The First Boston Co.
Stock—
978.
P-
issuance
receipts of; proposals or applications for private ownership
of the American President Lines has been extended
the United States Maritime Commission announced on
Proposals are now due by noon EWT Sept. 10, 1945.—V. 161,
.
,
,
,
_
End. June 30—
•
1945—3 Mos.—1944
Operating
revenues.
$2,058,334
expenses——
1,081,727
1,052,432
taxes——
144,146
-
$1,917,477
Operating
inc.
Fed.
and
taxes ;
.
exc.
.
406,000
,
2
that
until
May
the
>
plan
On
as
oper.
income
.
$426,460
inclusive.
' '
Other
income
Gross
Int.
<net)____
and
other deduct-
31,397
32,111
64.054
$457,857
income——.,
$422,908
$937,528
*26,513
242.117
-1
.
1
65,001
j
Aug.
on
^cumulative
490,335
456,367
has
for
Net
income_
$231,345
i
$180,791
;
Earnings
of American Public Service
Co.
The
granted
holders
subscription
of
its
preferred
shares
Only
will
be
price is to be
sold
at
prices
filed
stock
rights
to
subscribe
fixed
by
the
board
of directors.
The
-Period End. June 30—
Total
Gen.
General
1945—3 Mos.—1944
-misc.
$329,586
$750,569
4,826
3,058
8,541
5,699
C42
1,535
1,283
exps
768
taxes
Federal, income
1945—6 Mos.—1944
$329,612
income.
and
24,000
taxes—
;
iv
-
-$529,187
23,900
52,000
$688,493
$481,505
—V.
fp.
names
of the
underwriters
will be filed by
$300,018
873.
amendment.—V.
160,
treasurer of
On
All
of
the
9,
L. Thorp,
Tegen, who
United
thereby
emerges
company
1945:
of the trustees of
president of Associated
one
is
Agecorp;
Electric
1945,
Co.
Ba"k
the court approved the appointment of City
as
the exchange agent, through which will
of outstanding participating securities for tne
General Public Utilities Corp.
deliverable unae.
exchange
of
1 ••
"'■// :•
_
irf
petition was filed in the U. S. Supreme Cour
review the orders of the U. S. Circuit cour ^
of Appeals affirming the District Court's approval of the plan,
inpetition was filed by- representatives of Ageco convertible obligation .•
•due
2002; who are hot;' 'original iiolders'' and therefore do »
participate in the plan.
The trustees are advised that substantia .•
similar issues were involved in an unsuccessful earlier effort by 1
On
for
>
Co.;
General Gas & Electric Corp
Trust
the
Utilities
NJ
the.plan.
same
is
early
redemption on Oct. 2, next, at 102
have
'
July
writs
and 4Bonds—
5% and 4V2%
outstanding first and refunding mortgage
F.
PA
securities
new
It
bonds due 1950 have been called for
court on Aug.
Willard
July 27,
18,
of
1945,
a
certiorari
to
decision
of
expected 4hat
in
iySince
October.
the ilast
taken
place
Court
proceeding^
this petivm
to obtain a review by the Supreme
the Circuit Court of Appeals in these
representatives
..another
1074.
Arizona Power Corp.—Calls 5%
income—
162, p.
i The
40.700
$301,936
f
Net
j net proceeds will be used to improve cash and -working capital posi¬
tions, primarily in connection with the carrying of larger inventories.
plan,
Vice-President, Edward W. More¬
house, who is Vice-President of NY PA NJ Utilities Co.; Comptroller,
Herman
A.
Busch, who is ,treasurer of NY PA NJ
Utilities Co.,
Secretary, E. Robert Willcox, who is a member of the legal stall
of the
Agecorp trustees; and Treasurer, Willett R. Porter, who is
to
■
of the
the
sum .of $750,000 of
the years 1934-1939,
the
Albert
NY
and
Co.
Company
shares held.
by amendment./ Unsubscribed
the
Chairman,
f the new preferred at the rate of one share for each 2V2
$374,614
$481,161
in
by
approved
4
(no par).
of
1945, as the, name to be given to Ageco when it
reorganization
proceedings
as
the surviving
9,
President,-
that the common stock be not quoted
11, 1945; that; all certificates delivered
contracts made prior to
preferred stock
Treasury
plan.
The proposed board of directors of the
surviving
company
previously approved by the court, consists of
J. Lee Bausher, Harold M. Bixby, Harold V. Eozell, Edwin F. Chinlund,
Henry R. Hayes, Albert F. Tegen, Willard L. Thorp, William J. Waite
and George R. Walker.
During the past few months informal meet¬
ings have been held by the board. The directors selected the following
officers
for General
Public Utilities Corp.
and their selection was
registered with the SEC 50,000 shares of $3
participating
and
the
9,
these
from
Arden Farms Co., Los Angeles—Registers with SEC—
The company on Aug. 31
i
of
acceptance
^
-
effected
$864,949
his
1945, the court confirmed the plan directing, however,
should not be consummated pending further order of the
"General Public Utilities Corp." was approved by the Court
Aug.
•Court.
s
i
Secretary
Court
that the plan
$799,948
$873,474
$390,797
the
with
effective the final settlement for the
tax liability of Ageco and .Agecorp for
Federal
On
the
1945,
27,
filed
Farmers
■Net
Agecorp
holders and claimants who failed to vote or who
will receive the same participation under
those who voted to accept the plan.
The trustees
results of the voting to the Court on July 27, 1945.
the
July
making
Common
Sept. 12, 1945.—V. 162, p. 778.'
ballots
1945, information and
creditors of Ageco and
the "plan
against
submitted
Sept. 11, 1945, must be accompanied by due bills; and that all due
on
to June 5,
holders and
security
.
voted
31", 1945, in settlement of exchange.
bills must be redeemed
below:
1945,
22,,
to
participate ■ in the plan, to obtain their votes of acceptance or
rejection of the plan. Ballots were returnable on or before July 23,
1945, and were received from holders of $128,020,501 face amount
of
securities
and
general claims.
Of this amount $125,569,453, or
over
98%, including holders of more than two-thirds in amount of
,the claims filed in each, class, were voted in the affirmative.
Par¬
a
Sdpt.
Thorp,
L.
ticipating security
authorized the listing of 1,099,092
stock (no par), upon official notice of
making the total number of shares ap¬
directed
has
distribution
Willard
and
summarized
are
received
been
company
Exchange
said
ex
660,700
778,000
333,900
'I
..."
.
splitrup,
Driscoll
mailed
provided
common
Corp.—Trustees' Quarterly
who
-
_
of
stock
a
has
after Aug.
prof.
*
______
«"V
as
above
The
.
269,918
279,057
-
shares
week
162, p. 978.
J.
From
by the New York Stock Exchange from
three-for-one split-up will be effected in
the common stock, of no par value, by the distribution on Sept. 10.
1945, of two additional shares to holders of each share of record
Aug. 31, 1945.
'
,
' " •••■ '
1945—6 Mos.—1944
$4,017,168
$3,752,773
2,086,637
2,022,206
140,347
General
report
Stock Distribution—
Notice
...
American Public Service Co. (& Subs.)—Earnings—
period
;
j
report that the
& Electric Group for the
trustees, in their 23rd
part: .......
The important developments in the period covered by this report,
culminating
in the court's order of confirmation of the plan of
reorganization, herald the conclusion of the reorganization proceed¬
ings.
The high lights in these proceedings since the trustees' 22nd
this company for-the week
kwh., a decrease of 5.45% over
corresponding week of 1944.—
.-•
the Associated Gas
output of
Output—
& Electric Corp.
Gas
quarterly report covering operations state in
(4
Inc.—Output—
»
the Associated
of
trustees
Associated Gas & Electric
.
-
$0.85
excess
Report—
$2,000,000
Listing of
11,100,000
$1.52
598,940 common shares.
on
1944.—V.
in
plied for 1,648,638 shares.
.
the
;
'
.
Co.
$1,100,000
13,150,000
Aug. 31, 1945, amounted to 127,945,963 kwh., a decrease of
805,988 kwh., or 0.6%, when compared with the corresponding week
,
'
$1,500,000
J
ended
v
The New York Stock Exchange has
additional
Extended*^—-
operation
22-.
978. ■'
p.
Archer-Daniels-Midland
mortgage
2,750,000
Associated Gas & Electric Co.—Weekly
The
electric
output of the electric properties of
Power
3,850,000
3,900,000
profits taxes depends on total earnings
for the year, it is impossible until the end of the fiscal year to deter¬
mine the amount of Federal taxes properly allocable to the first half
year:
Provision, of $3,900,000 is an estimate of the proportionate
amount which should be charged.—V„ 162, p. 666.
States
ending .Sept. 1, 1945 totaled 79,746,000
the output of 84,348,500 kwh. lor the
share
common
per
the amount of
Since
(
154, p. 425.
1964.—V. 162, p. 778.
1,
due Nov.
5,400,000
1
for Federal taxes
approximate net profitinventories (less reserves)
Estimated
Merchandise
"Based
1945
1944
$49,485,000 $43,140,000
operating profit before
taxep
provision
^Earnings
Corp.—Earnings—
.
—
income
Estimated
Acquire Properties—
American Water Works & Electric Co.,
sales—
approximate
Federal
;■
has
corporation
series A,
-weeks,
Aug.
net
Total
-Estimated
asked the SEC for approval of its proposal
the Harris Trust & Savings Bank of Chicago
on a five-year
2)4% secured note.
'
The money from the loan,
with other funds, will be used to re¬
deem on Dec. 1 at 104 V2 its $2,200,000 of 6%
collateral trust bonds,
Date for
and
two
per
American Utilities Service Corp.—To Borrow
The
*
,
cents
666.
p.
Associated Dry Goods
&
American President Lines, Inc.—Time
-
Sept.
quarters.
60
162.
;6 Months Ended July 28—
1
to borrow $2,000,000 from
Jias been named selling agent.—V. 162, p. 873.
r
record
of
See Hampton Co. below.—V.
<
indemnity
The SEC has approved a plan of the company to dispose of at
•'v
of
preceding
The
company.—V.
quarterly dividends
of ;50
Oct. 1
13.
Like amounts were paid in each of the
In 1944, the company made regular dis¬
share each quarter.—V. 161, p. 1090.
American Thread Co.—May
and excess profits taxes,
American Power & Light Co.—Plan
plant.
years.
were
renegotiation of war
notes of $5,315,800), $26,525,478;
contract advances (contra), $10;-
accident
$2,587,404;
reserves,
holders
tributions
reserves, $2,125,734;
$3,519,232; reserve for war
and
other
contingencies,
$8,600,000;
capital stock,
7%
cumulative
preferred stock
($100 par), $32,460,100;
common
stock (1,379,076
shares, no par), $1,379,076; capital surplus, $7,976,735; earned sur¬
plus, $20,225,452; total, $142,301,232.—V. 162, p. 129.
ating
substantially increased peacetime production of lubricating
and pneumatic tools. /The company's lubricating equip¬
according to Mr. Markey, has increased production to
which has necessitated double-shift operations at the Bryan,
,
the regular
declared
5
Sept.
on
stated on Aug. 27 that employment
by the company as a result of war
aircraft accessory division would be
Expressing
optimism on the company's peacetime % outlook, Mr!
'Markey says the company expects to increase its distribution of
lubricating equipment and pneumatic tools in its established markets
and develop new markets in industries not; previously served by the
share on the 6% preferred stock,, par $10Q, and
share on the common stock, par $25, both payable
per
per
three
liability for purchase of Government facilities—instalments
subsequent to June 30, 1946, $884,106; deferred credits and oper¬
reserve
directors
$1.50
cents
in
a
Denis
Regular Dividends:—
faced
its
cancellations
cating equipment,
Educational Director of this
Co.—V. 162, p. 130.
American Snuff Co.—Declares
President,
dislocations
Current output is well above that of 1944 and the pre¬
company has a sizable backlog of orders for lubri¬
Mr. Markey stated, and the prospects for a further
•expansion
in production
and sales have been brightened by the
War Production Board's recent removal of restrictions on materials.
war
Educational Director—
and the New York Casualty
Equipment—
Markey,
;
division,
Ohio,
Leonard C. Johnson has been appointed
company
872.311;
due
;
—
C.
level
a
;
2326.
p.
contracts, $6,279,827;
taxes, other than income, $2,052,031; advances on
reserve for income and excess profits taxes and
fund
161,
American Surety Co.
Sheet, June 30, 1945
Consolidated Balance
.
ment
-
20,332,080
Sales
profits taxes of $12,900,000 and post-war credits of $1,700,000;
includes • provision
for renegotiation.
({Includes excess profits
Equipment Corp.—Has Sizable Backlog of Orders
eased by
1945—7 Mos.—1944
$
$
'.
$ * •
22,508,236 124,046,957 129,542,127
'
-
.
Barney & Co., Kidder, Peabody & Co
& Co., Inc., E. W. Clark & Co., Dillon'
.equipment
1945—Month—1944
'
excess
taxes
Ccf.—July Sales Off 9.7%—
Period End. July 31—
!
•
4<"
Corp.—V. 162, p. 3.
contract
•
,
its
share-for-share
a
Drexel & Co., Eastman,
Inc.,
Co.,
other
and
drafts
1
American Stores
'
——
on
Goldman, Sachs & Co.,
John
.
preferred Stock, $50,000,000; common stock (2,191,669 shares,
par), $43,620,430; surplus, $38,901,348; total, $199,985,020.—V. 162,
778.
■
2,551,732
-—--
Canadian excess profits taxes,
$882,000 post-war credit on
&
Aro
post-war contingencies, $1,800,000; employer's liability, $938,199; mine
and new business investigations, $354,470; other, $1,554,441), $32,130,no
Blyth
Corp.,
Securities
for Lubricating
935; 7%
4,618,125
1,138,029
adjustments
•
14,556,247
59,515
11,945,000
amendment.
underwriters are Smith,
Corp.,
included in consolidation, $63,997; other.miscellaneous liabili¬
ties, $736,583; reserves:-(metal stock, $11,851,962; investments, $8,038,851;
extraordinary obsolescence,
contingencies, ;etc., $7,593,013;
2,400,000
Net profit for perioddividends——
(■
toll basis),
on
to holders of
preferred
Dillon & Co., First Boston
Graham Parsons & Co., Harriman, Rip¬
ley & Co., Inc., Kuhn, Loeb & Co., Lehman Bros., Moore, Leonard &
Lynch, Morgan Stanley & Co., Reynolds & Co., Singer, Deane & Scribner, Stone & Webster and Blodget, Inc., Stroud & Co., Inc., and Union
Read
panies
post-war
for
Provision
27,785,538
193,169
81,263
37,413
*12,135,000 U8,750,000 120,730,000
charges
for
Prov.
treated
offering 52,994 shares
in exchange
is
price to be filed by
a
The
cumulative preferred stock, $875,stock, $1,095,835; taxes accrued,
and foreign income and U. ;S.
$15,210,778; treatment charges unearned (metals
$1,922,431; minority interest in subsidiary com¬
profits taxes),
excess
a
also
convertible
The
Mellon
000;. dividends payable on common
not
due
(including estimated U. S.
95,671
360,432
23,281,813
16.287,638
profit
Other
•
310,641
.
at
payable on 7%
dividends
$101,i798;
14,460,576
23,090,247
191,567
15,976,998
oper
$5,742,541
1,750,000
3,287,504
payable, trade, $11,595,715; other
receivable, $1,992,507; salaries and wages accrued, $787,524;
subsidiaries not .consolidated,
$93,911; dividends unclaimed,
<to
due
held at
company
exchange offer will expire Sept. 25.
The underwriters will offer any unsubscribed or unexchanged shares
.
and
Sept.
record
common
The
on
88,070.603
1,066,983
1
cost
^
108,528 shares to holders of its common
13 at the ratio of one share for each 13 shares
price to be filed by amendment.
offering
is
company
of
1945
and
accounts
241,059,161 103,598,162
103,363,721 135,196,288 212,358,129
1,043,894
1,131,516
1,275,926
on Aug. 25 registered with the SEC 161 522 shares nf
preferred stock (no par). The dividend rate will be filed
cumulative
$9,788,987; U. S. Govt(valuation based on June
Liabilities—Accounts
*
of
$4,230,000;
-
admin., sell, and gen.
expenses
The
mine examination and development expenditures,
properties
under lease or option, $131,884;
taxes,
royalties
prepaid, $759,475; miscellaneous deferred
charges, $397,965; land, buildings, machinery and equipment, mines,
etc., $45,010,143; securities of and advances to subsidiaries not con¬
solidated, $603,981; securities of and advances to companies- other
than
subsidiaries, $28,478,063; foreign government securities, $459,719; total, $199,985,020.
■
•
'
$
'
goods sold, incl.
Cost of
at
principally
—
120,384,613 159,418,051
allowances
and
an amendment to the company's charted
clause to provide for the possible f«
products.
IU"
purpose
new
company
stock
market
1945,
taxes,
$
.
less discts.
sales,
Gross
$
..
The
cumulative
•
Sheet, June 30,
of
by amendment.
4,021,441
§2,255,000
300,000
$4,223,967
1.750.000
3,287,504
its
broaden
would
manufacture
hand and demand deposits,
on
insurance,
alphabetical
(& Subs.)—Earnings—
1944
1943
1942
American Locomotive Co.
<
always
alphabetical
possible.
as
special meeting held on Sept. 5 authorized th«
no par, cumulative preferred stock
«
the company from l 624
a
shares of
shares and
2,000,000
to
that
less amortized premiums
quotations, $39,117,558), $39,008,742; accounts and
notes receivable (net), $15,559,217; metal stocks (not including metals
treated on toll* basis), less unearned treatment charges,
$40,020,655;
ores and concentrates on hand at mines and in transit to smelters, at
cost of production or conservative values based on existing contracts
for their
sale, $3,776,138; advances on ores, concentrates, etc., re¬
ceived for purchase, or treatment on toll basis, but not settled for,
$1,035,973; materials and supplies, at cost or less, $10,033,501; U. ,S.
Govt,
securities
on
deposit with State Industrial and U. S. Em¬
ployees' Compensation Commissions, at cost less amortized premiums,
$131,559; accounts and notes receivable, not current, $559,017; esti¬
mated refund of 1942 Federal taxes due to carry-back provisions of
Internal Revenue Code and estimated post-war refund of excess profits
securities,
30,
-
See
at
250,000
fcure
Securities
-
American I. G.
693
$2.15
share—.
common
Assets—Cash
$200,349
$143,102
"Includes
charges
in connection with sales of subsidiaries, and
expenses, paid and accrued (accrued amount estimated at $120,000
at June 30, 1945), relating to the plan'of integration and simplifi¬
10SS-—
Net
3,302,534
$6,466,747
1,750,000
3,287,504
-
_
Balance
i'tnt
22X'?H
3.17°
interest—Debentures
of indebtedness
■
respect to excess profits tax.
158
—-—
—
N?t income before
Conditional
—
interest deductions
interest—Debentures
Unconditional
.
$1.13
$1.82
•Of mines, smelting, refining and manufacturing plants, from sales
of metals,
by-products and manufactured products, and from treat¬
ment of metals of others,
tlncluding capital stock, State income and
franchise taxes, etc.
{Loss.
§After post-war credit of $250,000 with
Earnings per
\nd
presentation
the authorized common stock of
'
234,037
300,000
dividends
dividends
Common
$6U45423
J'17U
before
income
Net
—
——
——
255,511
'
income
Net
3°o'?™
administrative expenses
and
♦Operating
Taxes
in
basis.
Preferred
$669^773
.
of
increase
•
4,230,187
(est.)
taxes
upon
aforesaid.—V. 162, p. 978
as
The stockholders
facilities.—
inc.
1945,
Armstrong Cork Corp.—New Preferred Issue and In¬
in Common Stock Approved—
creation
116,627
foreign
&
2,
crease
20,081
tl, 125,000
& foreign ex. pfts. taxes (est.)
for post-war contingencies:—
Prov.
Co.—Earnings—
American Gas & Power
S.
U. ,S.
the
on
590,924
i
i
;
$15,884,354 $13,697,843 $17,665,047
.income
;
1/168,147
1,359,820
1,438,851
Admin,
and general expenses
293,569
291,416
433,334
Exps. for research, mine exams., etc.
220,344
151,643
173;255
tCorporate taxes__:_„__,.___.
2,341,909
2,587,946
1,657,844
Depreciation and obsolescence
_
1,088,059
1,225,008
1,367,508
Amort, of
U.
Sept. 5 declared an
on
share
per
656,869
13,326
a
Depletion
American-European
The
$1.12 Vs
582,031
121,920
than
chgs.
1—
4.
Crt
at any time receive the full
to- Oct.
interest
.374,520
Total
emergency
•
accrued
...
,
977.
p.
157,260
1
to
foi
leasonably
162,
V.
220,890
mining co. not
a
these .bonds may
of
plus
price,
of book value of shares
adv.
&
•Holders
1943
.
.
investments^,-
on
Writedown
routes.—V. Ib2, p. 665.
A
...
consol.
divs. from cos. other
subs & misc. inc., less misc.
Profit
r
1944 V
surrender thereof
/
Ipt.,
daily through Baltimore on
now live flights each way
transcontinental and Chicago
earnings—^—
Divs.
and interest. Broadway, New York, N. Y. ,•>! v
Payment will be made at The New York Trust
trustee. 100
1
■
$14,959,512 $13,995,388 $16,670,522
Other income, -net:
American Cities Power & Light
special meeting of stockholders has been called for Sept. 21
vote
on
an
amendment to the company's by-laws providing
Indemnification of officers and directors against expenses
incurred by them incident to possible future law suits or claims.
,
!x.
1945
Ended June 30—
6 Months
Airlines'. Baltimore
June
pended
New York
Boston
Subs.)—Earns.
Refining Cog
American Smelting: #
number of American's, daily one way
and Los Angeles to a tota of 24.
additional New York-Los Angeles round tr.p, Jl*ht includes
at Washington, Nashville. Tulsa, Oklahoma City, El Paso ana
bringing the
service
between
the .Supreme
Court
will pass -on
,-vv;u,
quarterly ? report, various - Important
at the subholding and operating - company
s
levei .
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
addition, the NY PA NJ Utilities Co. program for the elimination
of
present restrictions on the flow of its earnings to its parent
company was approved by the SEC and by the court on Aug. 9, 1945
In
Corp.
Utilities
Public
(the
Surviving
Company)
of
A
$
operating ' revenues
Operating expenses
_____
Federal income taxes)
10,507,668
8,442,700
21,072,804
148,478
19,954,658
1
income
Gross
deducts, at subsidiary level (incl.
paid or accrued on preferred stocks)
to
from non-consol.
inc.
Div.
subs,
11,084,251
subsidiary
cos
Electric
all
sold
275,000
Manila
11,686^221
■was
1,110.200
502,000
502,000
9,972,051
10,074,021
income__..____
A—Excluding
General
Gas
&
Electric
Corp.
and
subsidiary.
B—Including
General
Gas &
Electric
Corp
and
obtained
issue
General
earnings, when
included in the
Gas
consolidation,
of
7,500,000
shares
&
Electric Corp.
are
equivalent to
be
1
Shore
Co.—The sale
Gas
include
the
terms
adjusted
the
of
original
purchase
Arizona
price
Lake
Shore
Gas
of
sale
.
Co.—The
with
towns
town
the
the
Thatcher
of
properties
the
of
also
in
voted
located
company
favor
within
inactive
in
29,
Malvern
Co.
the
Hill.
Funds
which
of
Bank
of
Co.
due
Thatcher.
of
It
is
proposed
that
rural electric
a
of
cost
contract, Arizona
properties distributed
its
Northern
General Utilities Co.
as indicated
above.
Pennsylvania
Power
Co.—Sale
of
will
be
of
NJ
it
These
made
in
use
owns
is
in
the
vicinity
and
property from Aug.
Owensboro
received
amount
of
31,
1945,
Dec.
T.
W.
$493,636
Gas
Co.
•was
applicable
due
extend
to
Co.—On
Gas
from
and
Stevenson
part
as
the
11,
1945,
NY
and
the
to
PA
of
reconstruction
$400,000
are
New
the
NJ
to Sept.
30,
the
25,
1945,
to
the
shares
of
Co.
stock
have
Co.,
its
S.
open
amount
a
in
the
payment
for its
investment
June
York
"that,
Electric ' &
26,
York
New
a,
Gas
Corp.—Sale
position
1945.
A
joint
application
by
New
York
State
Electric
&
and
NY PA NJ Utilities
Co. has been
filed with the
approval of this transaction.
The Court has before it
the trustees for
authority to acquiesce in the sale.
Gas
SEC
a
Corp.
for
its
of
the
New
York
State
station—Pursuant
York
adopted
to
ized
on
Electric
June
ah
to
April
26,
19,'1945,
transfer
its
Gas
&
order
-
Corp.—Purchase of Carmel Sub.adopted by the P. S. Commission of
by its order
was author¬
1945, as amended and modified
New York Power & Light Corp.
transmission
substation
located
in
the
Town
of
Carmel, Putnam County, N.- Y., to New York State Electric & Gas
Corp., a subsidiary of NY PA NJ Utilities Co., for a total consideration
of not
to exceed
$200,000 exoept for current net adjustments. Pur¬
suant
1945,
"Was
to. appropriate
also
approved
consummated
application,
the
for
the
transaction.
the
base
SEC.
On
price
been
record
by
it
to
held
In
Co.
with
(1) Gengas $5 prior
preferred stock—To distribute to the public
holders of this stock for each share held two shares of South Carolina
Electric & Gas Co; 5% cumulative
preferred stock ($50 par), accumu¬
lated
dividends, if any, on both issues to be appropriately adjusted
in
cash
as
of
(2) Gengas
To
distribute
held,
stock,
2.8
the
effective
date
of
the
plan.
the
to
shares
the
of
preferred
stock.
$6,
$7 and $8 Series—
public holders of these stocks, for each share
South
Carolina
Electric
&
Gas
Co.
to
in
Oper.
preferred
plus a sum in cash equal to the unpaid dividends on the
■cumulative preferred stock to which the holder of a share of such
stock is entitled under the
plan less (a) $40 and (b) any accrued
63,203,962
2,428,930
10,389,314
9,428,803
3,609,938
14,600,405
14,392,883
18,750
257,603
37,500
3,082,976
3,354,752
11,650,150
11,408,397
14,017,033
13,770,926
8,351,114
265,253
31,974,402
32,187,598
139,800
736,457
867,319
7,815,964
8,616,367
32,710,859
33,054,918
5,310,934
20,481,809
21,525,633
175,364
201,858
589,195
777,389
Cr48,870
Cr73,889
Dr290,155
2,860,292
3,152,445
sub.
On
the
time
stocks
the
restore
Nov.
Island
PA
&
the
had
1944,
since
that
—V.
time
Island.
held
were
16
At
and
on
the
the
Co.
by
decision
The
1.
State
York
New
Electric
State
Co., filed
Electric
and
to
rescind
missionof
bonds
the
.
in
$75,000
or
1939,
which
clauses
of
required
order
an
the
the
per month to be- used for the acquisition of
the payment for new propeity.
Proceeds from
order
An
the
adopted
was
all
in
connection
considered
Commission
by the corporation
outstanding
the
sale
of
;hat
the
with
the
order
for
reserve
indicated
depreciation
that
the
proposed
as
inadequate and that other accounting adjust¬
made. would• hot in * their
opinion conform with the
findings of the Commission's, staff. Thereupon, the registration statements
was
be
to
.ment
filed ,with
the SEC under the Securities Act. of 1933'and the
the' corporation filed with the" SEC under the Public
of
'Utility. Holding .Company
arid
issuance
the
by
sale
Rochester
Gas
:
Electric
&
'
Corp.—-Proposed
Reclassification
resources
said
of
common
>
Ur
Tpon
and
upon
stock
receipt of. appropriate authoriza¬
the favorable vote of two-thirds
and
of
each
the, .reclassification will
to statute,
stock,
preferred
hand,
on
Commissions
shares
more
than
and
proposes
40,D00
when
to
the
accept
shares
of
such
reclassification
tenders
of
the
series, of
become
requests'for appraisals ^pursuant
are
preferred
becomes
outstanding
effective
"received
from
unless
holders
stock.
effective
reclassified
•of
shares,
that
demands
shares,
shares
ferred
par
the
shares
for
for
appraisals
accepted
be
in
excess
selected
of
by lot.
such
In
number
the
event
and tenders do not aggregate 40,000
proposes to call by lot additional reclassified
consummation of the entire program, the pre¬
stock outstanding will amount to 120,000 shares of $12,000,000
the
so
value.
appraisals
will
are
corporation
that,
upon
$329,586
15,053
68,642
192,020
$457,346
306,529
$7,501
$18,158
$137,566
$150,817
234
244
2,870
2,953
41,250
16,500
$7,267
$93,446
$17,914
$131,364
666.
will
vote
Sept.
on
12
Reclassify Stock—
the
upon
following
the
propo¬
$10
to
tional
be
class
be
old
B
of
on
or
common
to
participate
in
Stock
is
64,240
B
stock
common
now
shall
common
shall
as
exchange for
second preferred of
one
be
now
issued
in
exchange
for
outstanding.
of class B
B
class
before
stock,
to
the
stock,
share
full
date
a
shares
of
of
be
to
shall
be
therefor
fixed
entitled
stock
common
payment
addition
for
135
each
the
sum
by the directors.
class
B
common
stock,
the board shall be author¬
thereof to purchase the addi¬
such
terms
dividends
class
transfer
of
books
part,
have
or
class
B
and
conditions
fractional
a
stock
common
as
may
share
of
shall
stock
not
shall
which scrip shall not be entitled
any voting
rights that may be
stock.
the
of
will be closed from Aug. 29,
1945, both inclusive; stockholders of record at 3 p.m.
1945, will be entitled to vote.—V. 130, p. 4611.
company
1945, to Sept. 10,
on
Aug. 28,
Atlas Powder
Co.—Making New Additions to Plant-
Modernization
and additions to plants and
equipment, with a view
streamlining production of its regular peacetime products, will more
than double the plant
capacity of the company's Zapon Division, ac¬
cording to an announcement by J. K. Weidig, General Manager.
7
to
These
several
additions
new
hundred
to
plant
thousand
and
equipment
are
estimated
cost
to
dollars,
Mr. Weidig said.
Development and
being enlarged and modernized.
The
company's plants at Stamford, Conn., and North
Chicago, 111., are
affected by this program.—V.
162, p. 667.
'
evaluation
laboratories
(The)
-
Robert
are
Autocar Co.—Div. Payable in Preferred
P.
dividend
also
Page,
of
.value, for each
Jr.,
President,
share
one
10
5%
of
shares
of
has
announced
convertible
The
Stock
declaration
preferred
stock.
common
the
of
ner
NOTE: On account
vear•
South
and
Central
ofthe flurtu^n?
^
Oct. 22, 1945, to holders of record Sept. 20.
A similar distribution was
made on Oct. 2, last year, while on
May 15, Aug. 16 and Nov. 27, 1943,
"cash payments of 50 cents each were made.
'
...Mr.
stated that although
the net working capital
of
the
more
than
$7,000,000, the highest in the company's
prospective peace-time busiuess would warrant the con¬
tinuation this year of the policy of
conserving cash by the payment
of dividends in preferred stock.
He further stated that termination
of the company's war work made
possible the immediate expansion
Page
.company
history,
was
the
commercial
business.—V.
Aviation
160,
p.
2551.
|
The
New
additional
t
Corp.—Listing of Additional Capital Stock—
York Stock
shares
of
Exchange has authorized the listing of 375,000
capital
stock
(par
$3),
upon
official
notice'of
issuance and payment in full
upon exercise of options under the corpo¬
ration's Stock Purchase and
Option Plan, making the total number
of shares, applied for
6,168,513.
; 5,,
i.
The Stock Purchase and Option Plan was
holders
March
exception
of
27,
75,000
1945.
,
shares
The
shares
optioned
approved by the stock¬
for option,
with the
Babcock, now President,
reserved
to
Mr.
pursuant to his contract of employment, are to be
Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain)
Asia Australia
of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
America,
a
stock, $20 par
is, payable
dividend
allocated by a com-
S
$27 50
to
for
In
which
holders
upon
stock
common
B
and
second-class
€anada
be
in
The Commercial
"Vviuiam nana
offices:
be
shares,
board.
in
said
issued
additional 5,948 shares
parts of a share of
the holders entitled to
and
shall
stock
an
class
new
treasury
the
B
common
receive scrip for such fractional
vested
be
preferred and
Fractional
issued
B
shall
common
issuance of
warrants
B
by
first
one
unsubscribed
issue
fixed
(c)
corporation
which
class
class
common
subscription
shall constitute
ized
the
of
be
outstanding.
additional
one
share
per
Any
which
76,136,
shall
follows:
as
t*>
A
class
the
holders
for
subject
(b)
class
now
of
of
stock,
The
(a)
of
stock
share
authorize
common
to
11,896
$10 each,
class A and
of
of
consisting of
shares
10
of
shares
shares
One
To
value
shares
93,595
and
follows:
as
unit
of
from
shares
pur
Five
held,
number
issue
new
present
3.
the
to
corporation
stoc£ for a
reclassification,
of ten days following the effective date of the
at a price of $105 per share, for up to
40,000 shares, less the number
of shares for which appraisals shall have been demanded.
If shaVes
demands
16,372
$86,800
__
common
of
each
of
the
preferred
period
and
$440,974
5,041
shares, reclassify the shares and change
value of the designations, preferences and
The
(b)
and
NY" PA
40,000
the
If
proposed
withdrawn
were
for; .authority. ,,<1) to - reclassify its - presently, outstanding
stock, consisting of 120,000 shares of 8%-series D stock
shares of 5% series E stock, into a new series F. 4%
stire $4,000;000. of preferred
stock, and (2) to ret
stock out
1945,
cash
of
the
to
Stock—Rochester Gas & Electric Corp.,
a
NJ - Utilities 'Coi,~ made -application- to the New
Commission on May 26,' 1945, and to the SEC on May
S.
P.
tions., of
of
of 1935 with respect
aforementioned securities
$324,545
440
reduce the number of
Preferred
of
•subsidiary 6f
28,
Act
the
of
corporation.
Retirement
York
the
on
July
26,
1945,
by
the Commission
corporation's petition. The opinion issued
the
respects
Commission
$86,360
509
deducts.,
reduce
each
extent
denying in
$1,707,573
1,266,599
.
(a)
16.
The
Commission is
securities, together with other funds of the corporation
required,; were
to be applied to the
redemption of
$13,000,000 first mortgage bonds, 3%%
series due
1964
and
$12,000,000 serial preferred stock, 5.10% series.
by
$1,805,691
1,481,146
surplus
p.
A
2.
were
proposed
the
to
56,284
$22,045
stockholders
To
both
Com¬
adopted by the Com¬
aside from net income
setting
1945—12 Mos.—1944
$142,644
dividends
authorized
a
specific
Subs.)—Earnings
dividends
exchanged
Corp.—Refinancing—On May 24,
Gas Corp., a subsidiary of NY PA
&
(&
previous authorized par
privileges or voting powers, restrictions and qualifications of each class
of shares, as follows:
the
Gas
&
Corp.—
132,263
the
July
the
of
10,461,740
certificate
Electric
sition:
Commission
of
and
5
and
$154,308
income
etc.,
162,
it
the
took
outstanding
raised
request
July
Gas
Astor Financial Corp., N. Y.—To
In
therefore
reclassification, and that
disposition of the petitions which
the
Associated
1945—Month—1944
•
taxes__
income
had
that
proposed
Commission.
11,713,744,
indebtedness other thari
on
of
$22,354
and
Balance,
Island
and
now
July 31—
revenues
Preferred
Metro¬
Utilities
been
interest
trustees
income
Common
status
compel restitution of
long since expired."
NJ
for
of
978.
oper.
Net
Gas
State
Commission
stock
income
deduction
Interest.,
Island,
3,
State
of
of
Non-operating income..
date
of
and
the
Island
which
the
for
the
has
so
Staten
of
to
adequate
and
NY
25,
question
relevant
with
do
to
June
on
sale
acquis.
stated
Staten
Electric
shares
treasury
common
Cent.
exps.
Net
bends
letter
a
of
would
adyised
a
rescind. the
hearings
closed on July
Utilities
tendered
cumulative
$
144,430,072
3,614,656
Associated Public Utilities Corp.
Manila
petition with the New York P. S. Commission
to issue $10,000,000 first mortgage bonds and
$15,000,000
preferred stock.
The corporation's petition also sought
authority to
effect
certain
accounting adjustments, to amend the certificate of
incorporation with respect to
presently outstanding common stock,
of
consideration,
SEC that, ft
elected to exercise the
options reserved to the corporation by the
terms of the
plan of divestment of assets, simplification- of corporate
structure and equitable distribution of
yoting power, dated Aug. .11,
1944, in the following manner:
$
67,754,887
Corp.
p.
subscribe
preferred
of $200,000.
1945—12 Mos —1944
<6
$
7,676,164
Light
Period End.
To
the
York
and
General Gas
&
Electric
Corp.—Plan—After careful
General Gas., & Electric
Corp.' (Gengas) advised the
Earnings
Corp and Subsidiaries)
128,799
2,727,087
Jersey
&
Operating
class
to
was
was
preferred
July'26,
the purchase
at
addition,
awaited.
order entered
1945,
dated
cancellation.
State
100.00C
Staten
in
Island
further
New
of
162,
predecessor of NY PA NJ Utilities
not
filed
counsel,
30.
by
July
record
application
'
New
that
was
had
Gas
petition
Co.
interest
2,839,322
income
V.
these
for authority
subsidiary of NY PA
plant, works and system of New York State Electric & Gas
Corp., located in the Village of Lancaster and the Towns of Lancaster
and
Alden, to Iroquois Gas Corp.
An order was adopted by the
Commission on July 24, 1945, approving the
transaction, upon condi¬
tion that the total consideration-to be
paid should not exceed $125,060
and that the transaction should be
consummated on or before Sept. 1,
Consolidated
Electric
3,500,724
indebtedness
of 1930, following the reclassification
of
the
for $12,937,500, the corporation's position was
without conceding an action could have heretofore
issued, that
NJ
gas
also
was
Trust
with
acquis.
deducts,
"Before
part
paid,
hearing
the.'
validly
in Owensboro
Lancaster
of
&
1946,
15,082,107'
taxes
of
Island,
assuming
mission
of
1945, a petition was filed with the P. S.
by New York State Electric & Gas Corp.,
NJ Utilities Co.. for authority to sell the
1,
16,798,979
income
inc.
Power
books
Stock—Under
of
York
reclassification.
transferred
been
Staten
of
latter
Staten
maintained
At
29,
State
of
the
of
been
!
New
in
stock
to principal,
(Property—On, March
3,
Co.
principal
A loan
annum.
Bank
Jan.
35,928,569 150,943,797
deducts.—Assoc. Gas
Elec. Corp. and the
trusteeship
the
stock
common
.Co.
1945, installment of $25,000, of which $12,659
was paid on the note, leaving a balance
$480,977.
This balance was paid in full on July 20, 1945,
less a discount of 3 % ($14,429) allowed for prepayment of the note
as provided
in the contract of sale.
Commission
per
Chemical
37,285,733
cos.
proceedings. New York State Electric & Gas Corp.
also
responded, stating that if, by implication.? the plan suggested
;by the Commission had as one of its components the rescission ofs a
transaction
in
which
the
corporation
had
sold
180,000
shares
of
of
of
The
lJ/2%
before
1945—3 Mos.—1944
Inc.
to'
All
Electric
for
stocks
which
program
interest
the
in
May
Utilities
the
4,780,307
Gross
Earns,
its
on
account
Commission
that
New
.
no
1945,
note
&
taxes
Total
Co., were illegally issued in 1930,
place and calling a further hearing for
the
had
owned
P.
Metropolitan Edison Co..
longer held the Staten Island
Co.
Electric
plant
inc.
Operating
Edison
took
consider
time
Edison
York
Commission
no
1945.
29,
1944,
Associated
5%
purchase money
a
Gas
Total other income
16,774
like
a
Manila
of
to
^response,
and
transfer
of
the
or
$751,542
program.
being surrendered
Utilities
Metropolitan
consideration
for
of
Other
the
Corp.'—Reclassification
reclassification
common
Gas
date
NJ
annum.
revenues
"Balance
advance
an
its
charging
bonds
Edison
appeared
politan
Utilities
Towanda
per
on
_
prior to
$607,000
charged by Associated Electric Co.
owing to it by Manila Eleciric Co.
Co.
which
.existing at
Co., a subsidiary of NY
Co., of all its gas facilities to Valley Cities Gas Co.
for a base purchase price of $12,139, pursuant to a contract of sale
dated May 4,
1945.
On' July 31. 1945, a joint petition was filed
by the parties with the 'Commission for modification of the Com¬
mission's order, requesting specific approval of the .exercise by Valley
•Cities Gas Co. of the right to supply gas to the public in the Borough
PA
maturing
iy2%
rate
with
exps.—operation.-
Total
a
these
been
Island
by
when
Property—By order
U. Commission authorized
adopted July 24, 1945, the Pennsylvania P.
the sale by
Northern Pennsylvania Power
amount
adjustments
Cost of
14,000
available
has
for
account
of
it
Corp.
cooperative
dissolved
of
oper.
Amort,
Retirement
___
funds
Co.
Electric
Co.
June
that
.held
the remaining properties of the company.
A
contract
is
presently being negotiated among the Town of Safford, the Town of
Thatcher, the cooperative and Associated Electric Co. for the sale
of the
company's investment in Arizona General Utilities Co. for a
toase price of $425,000.
It is contemplated that, upon consummation
the
rate
Federal
held
Co.
have
Staten
acquire
of
1945,
exps.—maint
Prov. for depr. of prop.,
plant and equip
.
the town
like
a
Oper
to
PA
on
1946
certain
Electric
open
Electric
of
limits
30,
Oper.
,
Loan—On
NY
Loan—Florida Power Corp. a
subsidiary
Electric Corp., borrowed $250,000 from Florida
St, Petersburg.
This loan was covered
by an
dated July
27, 1945, maturing cn or before Jan. 1,
$
New
are
note
for
Total
Associated
Electric
Bank
of
due on that date in
this
on
&
(Associated
and a license
Treasury De¬
the
publicly held
National
Manila
of
note
SEC
of
Period Ended June 30—
the
of
of
Chase
bonds
and
serial
York
Statement of
York,
Control
retirement
or
of
The
Co.
the
the
Corp.—Bank
Gas
Bank
with interest at the
July
the
of
Principal
funds
Associated
The
acquisition
corporate
.
of
of New
before
$1,500,000, thereby reducing the amount of the outstanding
of NY PA NJ Utilities
Co.. to $8,500,000.
unsecured
1946,
•
New
Co.—Reduction
made
was
Power
General
made
follows:
as
Electric
the
to
June
the
of
of
1945,
subsidiary
of
National
.
•
sinking fund accounts
by the indenture trustee, making it necessary
for Associated Electric Co. to advance to Manila
Electric
Co.
only
$514,610
to
accomplish
the
redemption.
The
funds
held
by
the
indenture trustee included
$106,702, representing a fire loss recovery.
advances
and Thatcher,
Ariz., are the major municipalities served by Arizona General Utilities
Co., a subsidiary of Associated Electric Co.
In
the
latter part
of
June,
1945, the voters of the town of Safford voted in favor of
the
acquisition of the properties of Arizona General Utilities Co.
•within the corporate limits of that town.
In July, 1945, the voters
of
June
and
notes
Florida
-
were
other
Manila
Safford
of
Co.
trustee.
retired
are
Associated
$724,059.
was
Foreign
redemption
Electric
or
series
There
and
Sadie
to
Wideman, Rosella Madden and
July 27, 1945, in accordance with
on
serial
bonds,
of
Co.
Helen
contract
Utilities
General
the
Co.,
Service
the
the
Manila
redeemed
57c
of
of
Co.—On
payment
Guaranty Trust Co.
amount
•
consumma¬
Amount
Gas Properties—As of April 6,
subsidiary of Associated Electric
Co.,
sell to Peoples Natural Gas Co.
all its
gas
properties in the City of Johnstown, Pa., and vicinity
dor a base purchase price of $1,194,826.
Authority to carry out the
transaction
was
granted by the Pennsylvania P. U. Commission on
June 8,
1945, and by the SEC on June 28, 1945.
The court issued
an order of approval on June 28,
1945, and the sale was consummated
on
July 2, 1945.
Harris/ Gladys V. Mikesell,
Agnes V. Dolan was completed
Power
Public
■■•■••
Pennsylvania Electric Co., a
entered into an agreement to
Lake
Power
Manila Electric RR. & Light
Corp. 5% 1st mtge.
and coll. _sinking fund bonds due
1953
Manila Electric Co. 1st ref.
mtge. gold
sold the water property located at Donalsonville, Ga., to the
City of Donalsonville for $25,000.
Georgia Power & Light Co. took
this
step pursuant to an order of the SEC dated Jan. 23,
1945,
requiring divestment of this property.
K.
1945,
to
Total
Corp.,
Co.—Sale
and
Utilities
&
Georgia Power & Light Co.—Sale of Water Property—On June 1, 1945,
Georgia Power & Light Co., a subsidiary of General Gas & Electric
Electric
upon
NJ
'
stock
common
and
share and approximately $1.33 per share
Corp. and subsidiary are excluded.
Such earnings
restricted earnings of approximately $0.26 per share.
Pennsylvania
reclassified
surrender
PA
•
Agecorp
forma
pro
Electric
1945i
the
and
of
Sept. 1, 1945, at their call price, with
arrearages in interest, and interest at 5%
per annum on the arreai*ages.
The issues, the amounts held
by the public and the. cost of
retirement, including the accumulated interest and interest on interest
subsidiary
are
approximately $1.34
when General Gas &
per
NY
Co.—Redemption of Bonds—During the past quarter
is; indenture
arrearages,
the
Hearings before the P. S. Commission
application have been concluded.
the Agecorp trustees of all their holdings of
against Gengas including their claim to accrued
27,889.1
shares of Gengas $5 prior
preferred
Penn
from
for
of
•.York
subsidiary.
estimated
of
basis
the
in
transfer
trustees
Co., was dissolved..
This
company
on
Feb.
15,
physical proDerties and certain other assets to
its
West
Electric
partment,
10,576,021
L
debt of surviving company
interest
the
the
of
'
1,110,200
directed
arrangements
were
made
by Manila
Electric
'Electric Co. with Chase National Bank
bonds
"On
claims
1945,
11,411,221
500,000
—
10,474,051
net
plan,' by
Monogahela
Balance
"Consolidated
the
Associated
9,810,061
applicable
11,584,251
Interest on
provides for
has
Virginia Light, Heat
Virginia Light,'Heat and
•
and taxes of surviving company.
Expenses
of
West-
8.870,407
also
West
divs.
•
income of consol.
surviving company
of
Balance
1163
Gas'Co.
amounted
21,221,'282
'
Income
&
dividends upon the
stock held by the Agecorp trustees. Such dividends at June
30, 1945,
to $627,480.
Dividends that may be declared on such shares
.after June
30, 1945, are also to be surrendered.
1
Op Aug. 9, 1945, the Court authorized the Agecorp trustees to
Join with Gengas in
requesting the SEC to apply to an appropriate
U. S. District Court to enforce
and carry out the terms and
provi¬
sions of
the plan.
Consummation of the plan, after
obtaining an
order of such
court, should provide a final solution of the difficult
problems in the Gengas situation.
,
8,659.000
152,578
:—-—
Electric
.
10,644,640
11,428,140
19,802,080
income
and
\
844,799
9,724,339
income
Operating
plan
(securities and
"
Federal income taxes——
Other
tion
744,467
—
(other than
dissolve
temselves of their
Florida Power'Corp.
The
$
to
divest
of
t
108,318,837
44,492,317
48,069,313
7,057,667
7,600,141
adjustments
Carolina
stock.
"
Maintenance expenses
Amort, of plant acquisition
Taxes
to
of
-
100,771,238
Gross
Depreciation
B
South'
of
plan.
ordered
to 32 months alter consummation
reorganization, as amended)
of
plan
shares
July 25,' 1945, the SEC issued its findings and
opinion approving
The Commission
has, among other things, reserved juris¬
diction over the determination of
whether or not Gengas should be
Subs.
earnings projected
(Reflecting
2.8
On
General
and
the
on
preierred
the
Forma Consolidated Income Statement
Condensed Pro
dividends
and
Africa,
$31.00
per
year.
■
.
Monday, September 10, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1164
Directors.
1944
on
and
tee's
In contemplation of said plan,
extended to Irving B. Babcock, who
(estimated)—
Contingencies" was established to meet
expenses and losses originating in the war or resulting from the tran¬
sition to a peacetime economy,
and now stands at $11,189,195.
in
view of the changed conditions, the finance committee considered that
the reserve is ample for the present,
and decided not to increase it
unless some unforseen development occurs.
The
Plant—
Railway
(net)-
income
3,843,564
4,312,628
—
376,629
—
exps
oper.
accruals
(net)
tax
*Rwy.
Equipment rents
lacility
Jt.
'•
Net
rents
oper.
ry.
Other
34,606,973 225,894,743 224,350,502
24,046,551 164,060,438 162,314,255
5,410,142 30,178,276 29,613,196
702,272
3,750,821
4,114,737
135,380
1,103,301
1,085,911
31,955,830
23,869,230
3,615,665
457,765
169,606
revs.___
oper.
Railway
income
526,885
26,801,907
2,910,019
4,839,513
29,711,926
63,611
566,759
15,495,985
The
feet,
561,747
16,303,185
Up 5.4%—
output for August, 1945, of 1,013,476,000 cubic
961,768,000 cubic feet for August, 1944, an in¬
Consolidated Gas Co.—Output
reports
compared with
5.4%.
company
as
;
of
crease
Fixed
charges
March
14,325,268
in the first seven months of 1945 Federal income taxes of
as against $18,387,955 in the same period last year.
•Includes
$18,612,680,
——
-
~~I
_
-
Mav
"
June
i
_
July
Telephone Equipment—
Orders Radio
__
—V.
162,
ft Change
1944
+11.7
— 1.8
— 8.3
— 4.5
+ 7.9
+ 4.0
+ 5.0
+ 5.4
1 1,622,025,000
1,542,646,000
1,561,456,000
1,335,497,000
1,185,410.000
1,070,793,000
960,012,000
961,768,000
1,013,476,000
August
has just placed an order for radio telephone equip¬
ment with the Bendix Radio Division of
the Bendix Aviation Corp.,
the transaction marking the 100th year of progress in electric com¬
munications on the American railroads.
The radio-telephone installation will be placed in the B. & O. yard
at New Castle, Pa., and is expected to be in operation by Oct. 1.
It
will be used to facilitate the operation of the freight car classification
The
1,810,939,000
1,514,271,000
1,432,209,000
1,274,745,000
1,278,676,000
1,113,056.000
1,008,013,000
_
February
April
Period End.
revenues
expenses
Taxes
$137,556
7,945
$1,221,426
54,646
$1,073,554
47,303
$182,497
$1,276,072
$1,120,858
3,870
3,870
27,095
27,095
69,840
income
$174,804
7,693
$145,501
Operating income
75,130
490,635
528,764
court a petition
the bank to file with the
mortgage.—V. 159, p. 547.
Earns,
snare-
com.
per
commenting on the
In
$122,758
$0,745
$60,324
$0,365
$59,207
$0,358
charges-
profit aft.
$118,855
$0,717
Fixed
charges
Int. on
$564,997
$758,341
$103,496
$71,790
income
Net
—V.
debs
A
ser.
p.'667.
162,
greater portion of Brillo production for
ended Aug. 16, 1945, and company has resumed
"The
US"In
commercial, industrial and household
operations, larger volume and satisfactory
be reported for the third and fourth quarters of 1945."
should
161,
military requirements
manufacture of larger
to normal
returning
return
—V.
products for
its
of
quantities
Bangor & Aroostook RR.—Accumulated Dividend—
The' directors
accumulations
stock,
30,
tions
of
the
on
of 5 ft
shares
outstanding
cumulative
preferred
19451, payable Oct.
each
2Vz*k
were
year.
for Month
Results
.f. Period End. July 31—
Railway
Raiway
oper.
Railway
tax
Months
Ended
537,142
73,976
exps
$576,230,
469,556
84,173
accruals—
July 31
1945—7 Mos.—1944
$6,562,600
$5,659,116
4,163,743
3,527,418
1,716,453
1,374,660
1945—Month—1944
$626,318
revs.-
oper.
Seven
and
(Pa.) Glass Co.,
Brockway
account of
on
quarter beginning April 1, 1945 and ended
1 to holders of record Sept. 6.
Distribu¬
made on Jan. 2, April 2 and July 1
this
the
(for
$100
par
June
Aug. 24 declared a dividend of 1 'Aft
on
recently filed with
preferred stock ($50 par).
The company
lative
at $50
•
Other
fixed
Net
—V.
56,180
1,746
413
20,053
for
$49,778
$64,584
$758,637
$914,818
45,652
4b,994
320,386
335,858
$4,126
T
$17,590
$438,251
$578,960
charges
income
162,
$757,038
140,635
17,145
$682,404
41,675
(net)
charges
iixed
$22,496
32,832
available
Income
$15,200
(net)
income
Total
income
oper.
income
See
Baltimore
above.—V.
RR.
162,
Best &
company
12
to
up
won
July 31—
Net
sales
Net
profit before taxes
1945
1944
1943
$15,628,593 $12,792,276 $11,683,849
2,185,114
1,599.644
1,598 584
545,168
514)699
$410,796
•Net
j___
profit
shares
Common
Earnings
The
300,000
300 000
$0.91
$1.37
$1.72
depreciation and taxes.
cash
totaled
600,000
share
per
•After
outstanding
$7,711,063
the same
induing
position,
date
a
Government
securities
July 31, 1945. as compared
ago.—V. 162, p. 243.
on
year
of
$6,500,000
$l,7C9,63o'
with
on
award
Corp.—Proposes Reclassification of Present
$3 Preference Stock—
A
special meeting of stockholders will be held on Sept. 28 to vote
plan to reclassify the 333,200 shares of $3 preference stock now
outstanding.
on
a
Under
the
plan, preference shareholders are offered a share for
exchange into new $2.25 preferred stock, each share of which
share
<lonvertihle into five shares of common, compared with one-andshares into which the present $3 stock is convertible.
a-half
common
Stockholders
assenting
to
the
exchange
also
receive
will
a
cash
?uynlecIlt ofJ250 Per share to compensate them for the difference in
£
redemption price for the present preference stock and the
$52.50 call
price
Dividends
Oct. il
to
shares
the
on
new
before
or
convertible
preferred stock
preferred stock
will have
one
will be fully
vote
cumulative
from
share.
per
opportunity
Oct.
22
at
$52.50
share
a
and
tender
to
accrued
their
insufficient
shares
:
,
at
not
$
f
stock
more
is
tendered,
than
$52.50
directors
each
to
or
right
the
reserve
redeem
to
buv
by lot the shares
to reach the stipulated amount.
:
'
corporation has arranged a $6,000,000 bank loan to provide
meet cost of the tenders, purchase the preferred stock and
company's offering
of
Preferred Issue—
3The
make
noon
Sept.
17
at office
Co.—New Stuck Placed on
from
Net
ry.
1945
$314,727
85,708
25,606
railway
income
oper.
a
share
of 2'A ft
bear interest
cash
payment.
sinking
may be effective at
of assets
increases
fund
marekt
value
is
be
to
unsecured,
1,
1953.
1947, and
an
fixed
A
earlier date
beyond
a
sinking
additional
an
in
certain
the
fund
contingent
event
specified
that
level
contingent sinking fund amounts to $200 000 when net asset
.values before the bank loan amount to $53,000,000 and is to increase
This
as
the net
value of assets expands.
vote
Affirmative
ence
shares
approve
and
of
a
holders of two-thirds of the outstanding prefer¬
majority
the reclassification
be, effective
of
plan.
the
on
stock
common
is
29 with
the New York Curb
trading
■
i
I
will
the
new
Exchange
Oct
1
—
ucl* l'
■-
1
p'an
in
V.
7
to
necessary
It is expected that the
at the close of business Sept.
preferred stock to begin
162, p..980.;,.:;
t-.-r
*67,808
1,435,800
1,103,000
*232,044
*626,307
1,050,300
*297,005
*684,563
1,412,500
*22,665
*455,776
from
ry.
97,863
*450,421
162, p. 564.
Canadian Pacific Lines in Maine—Earnings1945
1944
1943
1942
$537,993
$362,068
$581,692
$273,989
197 520
90,752
267.573
63,121
85,120
33,652
205,772
19,986
4.163,198
3,615,054
3,728,071
2,935 592
1.667,244
1,485,330
1.627,187
1,173.933
911,434
1,078,484
1,264,549
878,124
Julyrailway
from
Gross
Net
ry.
railway
from
Net
income
oper.
—V.
railway
from
railway
from
Net ry.
income
oper.
162,
564.
p.
Canadian Pacific Lines in Vermont—Earnings—
1945
1944
1943
1942
$126,708
$140,194
$128,347
$127,236
*11.183
July—
railway
from
Gross
Net
ry.
*35,124
income.
oper.
*20,452
*37,248
*80,535
railway.
from
Net
*60,878
*78,341
*44,363
From Jan. 1—
from
ry.
808,045
846,244
793,831
*414.077
*327,802
*607,975
*261,053
*518,193
*125.292
*746,552
railway
from
Gross
Net
814.801
railway
income
oper.
*352,620
•Deficit—V. 162, p. 564.
Pacific
Canadian
Railway Co.—Earnings—
Period End. July 31—
25,081,660
expenses
Net earnings
$3,896,114
—V.
162,
27,316.122 183,705,958 181.891.177
23,656,632 162,589,846 155,551,2^2
$26,339,905
$3,659,490 $21,116,112
1945
1944
$8,451,000 $10,389,000
31—
earnings
s
$
$
28,977,774
earnings
Working
1945—7 Mos.—1944
1945—Month—1944
$
Gross
:
980.
p.
Cassco
Corp.—Tenders Sought—
St., New York,
oper.
20, 1945, re¬
Y., will until 12 o'clock noon on Sept.
N.
it, at prices not to exceed par and accrued
interest, of an amount of first mortgage 6ft sinking fund bonds suf¬
ficient to exhaust the sum of $71,431 now held in the sinking fund.—
ceive
bids
the
for
sale
to
1077.
160, p.
L
m
■
The
figures published in the "Chronicle"
earnings
for
those
162,
the
months
six
ended
June
30,
^
Earnings—
Catalin Corp. of America—Semi-Annual
1945
1945.
See
of Aug. 27,
and 1944.
875.
p.
(Including Caterpillar Military Engine Co.)
Period End. July 31—
sales
Net
profit
—
income
1,945,375
744,844
391,347
333,365
889,802
156,160
44,167
$3,600,000
/
752,725
$2,847,275
above
Earnings for 12 Months Ending July 31
'
1944
1945
Net
sales
Net
1,758,235
646,517
372,738
1,618,976
606,464
4,799,622
695,839
tAmount received from Int'l Harvester Co
55,486
37,988
120.347.332
4.450,842
22,130,507 167,746,783
602,032
included
$
$
$
20,611,823
Mos.—1944
1945—7
1945—Month—1944
$
Net
1942
$159,287
.
railway
railway
trustee, 11 Broad
The Chase National Bank of the Citv of New York,
profit
received from
tAmount
•Net
$293,348,977
8.012.693
.
Int'l Harvester
3,600,000
752,725
Co
1
refund
$199,439,057
8.379.528
162. p. 564.
Balance—not
Cambria & Indiana RR.—Earnings—
1945
1944
1943
1942
$149,587
62,248
$143,213
44,613
$186,289
80,951
65,305
1,235,479
579,061
496,645
July—
from
ry.
oper.
52,110
49,297
$148,623
37,919
43,225
961,002
369,056
railway
railway
from
1,108,099
485,038
371,877
1,069.218
290,005
220,246
income
refund
•Net
$597,543
nation
and
of
included
to
net
prices
$2,847,275
above
government on renegotiation of 1943 war business
refund applicable to 1944 business on redetermi¬
under
a
above,
tin
thereon
of $2,400,000.—V.
settlement
of
government contract $155,182—not included
patent litigation less estimated income tax
162, p. 453.
From Jan. 1—
from
Gross
Net
ry.
railway
from
Net
—V.
railway
oper.
162.
p.
343,810
income
564.
California
corporation
on
America—V-Ps of Units—
Aug.
29
announced
the election
Ward as Vice-President of Celanese Plastics Corp.,
a
of Edward
Railroad
Commission
lias
granted
the
company
To Consolidate
W.
wholly-owned sub¬
of which Mr. Ward has been General Sales Manager.
viously, Mr. Ward was Sales Manager of Celluloid Corp. with
company he had been associated 24 years.
sidiary,
California Water Service Co.—Refunding Approved—
The
Celanese Corp of
The
Experimental and Research
Pre¬
which
Work—
o-;■■
■
f C -;.V
*•
$ b
•
«
'
5
>
•
■ ~f-
•'
.
r.5
first mortgage 3Y.»ft bonds, series C,
plus interest from Nov. 1, 1945. The Com¬
mission
authority to sell at par $600,000 of serial
notes.
Proceeds will be used to redeem $11,882,000 of 4ft bends now
outstanding.
The company plans to refund its 139.000-share issue
of 6ft
preferred stock, $25 par, through issue of a lower dividend
the concentration of the corporation's tech¬
nological and research activities in textiles, plastics and chemicals,
the company has acquired buildings occupied by the Edison Junior
High School at Summit, N. J., and intends to convert the school into
a modern industrial laboratory
and, later, make extensions which will
preferred .-
and mature Oct.
of $250,000 annually starts April 1,
The loan
*64,795
income
Balance—not
1943
$203,780
30,528
7,034
1944
$292,701
135,754
88,023
From Jan. 1—
Net from
Net
*90,368
Caterpillar Tractor Co.—Earnings—
railway
from
Net
*6,295
*45,743
railway-
oper.
have
July—
—V.
$158,800
*3.377
•Net refund
Net
Net
$177,300
*36.577
income—
•Deficit.—V.
Burlington-Rock Island RR.—Earnings—
Gross
1942
$150,800
16.632
railway
from
from
$1.50 Annual
875.
Gross
1943
$229,300
railway
oper.
Net ry.
are
declared a dividend of 37 Mi cents per share on
the new common stock of $5 par value, for the current quarter, pay¬
able Oct. 1 to holders of record Sept. 18.
This is equivalent to 75
cents per share on the old common stock of no par value, which was
recently splitup on the basis of two new shares for one of old.
Dis¬
tributions of 50 cents each were made on the no par shares on March
28 and June 30, this year, and in each quarter during 1944.—V. 162,
directors
The
England—Earnings—
1944
From Jan. 1—
of Whitman, Rauson, Coulson &
The dividend rate is to be speci¬
to
the $2.50
ry.
V.
necessary
funds
Net
inviting bids for the purchase from it of 15,000
preferred stock (par $100). Bids will be received
is
Buiova Watch
dividends.
t0 Umi,t t0 100>000
number of shares
K!2?fr ,Kder the tender proposal and 100,000. by lot the necessary
to draw
shares if the number tendered exceeds
ifnHerVfh
5
allowance has been made for depre¬
2327.
p.
railway
from
from
Dividend Basis—
Gross
to completion of the reclassification,
stockholders an
pr0P0S€s:
preferred
$2.25
on
new
stockholders
and
afford
the
on
Sept.
11,059
8,296
1945
Net
V.
p.
Blue Ridge
161,
$58,430
6,451
._
,
figures no
above
the
Canadian National Lines in New
Traffic
Co.—Bonds Awarded—
40 Wail St., New York City.
fied in the bid.—V. 162, p. 875.
Co.—Earnings—
expenditures
22)o75
$80,941
—
JulyGross
4 180
24o)o56
11,859
32,320
expense
Operating profit
ciation.—V.
89 086
241,159
general
and
Provision for taxes
Capital
1944
$333'o38
new
Goets,
6 Mos. End.
costs
of cumulative
shares
779.
p.
„-
,
and buildings, equip¬
first mortgage bonds, due Aug. 1, 1970, with a
bid of
101.7469 for a 3 Ye ft coupon.
Two other bids were received
at
the competitive sale.
They were:
Halsey, Stuart & Co., Inc.,
101.0799 for 3V8s and Shields & Co. 101.42 for 3!4s.
Mellon Securi¬
ties is planning to reoffer the bonds to a limited list of institutions
at 102.19, a 3ft
basis, subject to Securities and Exchange Commission
approval.
$3,64O,CC0
Seeks Bids on
Ohio
&
Corp.
Securities
Mellon
of
The
Bendix Aviation Corp.—Radio Division Contract-
Operating
10 Days Ended Aug.
451 and 563.
p.
-
be used for investment in land
additional working capital.
(gross)
charges
the SEC 10,000 shares of 5 ft cumu¬
There will be no underwriting.
will
and for
Brooklyn Borough Gas
Railway
Rent
production
Marketing
proposes
share.
a
Proceeds
ment
1945
82,543
$370,961
4,680
milled
ore
Metal
Inc.—Registered Pfd Shrs.
to distribute the securities by offering them
to residents of Muskogee, Okla.,
and others interested in the estab¬
lishment of a glass plant by the company in that city, including per¬
sons living in Brockway who are familiar with the company's affairs,
lThe company
208,501
$339,709
452.
p.
Net
2552.
p.
$548~2ii
208,502
Quarter Ended June 30—
Tons
Loeb, President,
company's outlook, Milton B.
said:
income
Gross
94 714
$306,566
162,
Net
1945—6 Mos.—1944
1945—3 Mos.—1944
30—
260
234 429
Canadian Malartic Gold Mines, Ltd.—Earnings
Gross
Period End. June
'514
From Jan. 1—
Manufacturing Co., Inc.—Earnings-
Brillo
Net
Non-oper.
holders
have requested
to foreclose the
and
ing
and the Institutional
the bonds have represented themselves to be the
than one-quarter of the first mortgage bonds now outstand¬
for
for leave
1945—Month—1944
1945—7 Mos.—1944
$1,966,749 $2,001,664 $14,539,294 $14,345,110
1,578,015
1,467,866
10,799,377 10,573,777
251,177
358,994
2,518,491
2,697,778
/July 31—
Operating
foreclose.
Bank Group committee
Savinsg
Mutual
of not less
(Including Baltimore Coach Co.)
Operating
Court at Boston
and for leave to
1939
Group
Baltimore Transit Co.—Earnings—
first
company's
the
District
The
yard at that point.—V. 162, p. 979.
Atlas
&
Webster
The
Would Foreclose—
National Bank, Boston, as successor trustee
mortgage bonds, has petitioned the Federal
for a modification of its restraining order of
Co.—Bank
Terminal
691
13',06l
5515,069
stock
preferred
on
Balance
Net
Boston
tax
income*.
Dividends
—V.
2,'l84
510,311
194,570
238,139
tax
Provision for Federal excess profits
Net
$1 391 614
etc
Provision for Federal income
Gross
779.
p.
company
for
amortization,
and
Interest
deductions
before
Balance
$1,378 553
$1,458,089
profit—
Non-operating income
Gross
$3 563 04.
$1,443,622
14,467
and depreciation
expenses
1944
$3,791,152
2,347,529
revenues
Note—In
follows (in cubic feet):
Output compares as
January
13,649,182
2,257,275
1,915,213
income
Net
2,518,627
Operating
Operating
Administrative
Boston
31,190,200
70,523
2,234,457
—"
deductions
161,
into cheddar cheese.—V.
1945
income
Total
Misc.
for as much as
1875.
p.
27,222,403
3,967,797
4,220,193
milk daily to be made
50,000 pounds of
Located at
factories 111 the
newest plant in July.
opened its
Carthage, Tenn., It is one of the most modern cheese
State and will supply local farmers with a market
$
$
$
$
Division
Cheese
The
Special
for
"Reserve
New Cheese
31—
$1.01
$1.39
share
per
special contingencies. No
provision to this fund has been made during the current year.
Note—Theodore G. Montague, President, states in substance:
For the first half of
1945 tax accruals were more than $3,800,000
higher than during the first six months of last year.
Substantially
increased taxes on the entire year's operating results are anticipated.
RR.—July Earnings—
1945—Month—1944
1945—7 Mos.—1944
Baltimore & Ohio
Period End. July
—
providing $1,500,000 to reserves for
•After
date.—V. 162, p. 874.
Stock Exchange on said
the New York
Earnings
220,392,552 192,605,382
5,875,000 •4,325,000
Canadian and domestic subs.
Sales of co. and its
income
$
$
•
Net
1945
1944
1945
Six Months Ended June 30—
said date entered into a
contract of employment with the corporation and was then ejected a
director thereof and President of the corporation, effective Feb. 1,
1945
an option to purchase 75,000 shares of the authorized and un¬
issued capital stock of the corporation at $5.75 per share, which was
25 cents per share above the closing market price of its stock on the
New York Stock Exchange
on Dec. 28, 1944. The option was like¬
wise subject to approval of the stockholders, which was
thereafter
granted March 27, 1945.
On May 8, 1945, the committee to allocate
options recommended the granting of an additional 214,000 shares,
not including the 75,000 shares allocated to Mr. Babcock, and in ac¬
cordance therewith options were extended to certain specified officers
and supervisory executives at a price of $6.37Vz
per share, which
price was 12 Mi cents above the closing market price of the stock on
Earnings for 12 Months Ended July .31
Earnings Higher—
Borden Co.—Sales &
management
which commit¬
Board of
the corporation on Dec. 28,
board of directors not connected with the
not eligible to receive options under the plan,
recommendations are subject to final approval by the
of the
mittee
double
authority
due
to
sell
$11,282,000
1, 1975, at 107
has also granted
Nov.
-
As
All of
bonds, series B, have been
Nov. 6, next, at 105
and interest. Payment
American Trust Co., co-trustee, 464 California
the outstanding first mortgage 4ft
will
be
St.,
San
at the
Francisco, Calif.—V.
made
162, p. 452.
.
,
in
it was announced on
Aug. 28.
under way shortly, and it is
approximately 500 scientists, chemists and
skilled technicians will be at work in the new unit, the company states.
■The Celanese laboratory will consolidate the corporation's experi¬
mental and research work which is now carried on at various plants
on
estimated
called for redemption on
step
the present size of the buildings,
Work
Calls 4% Bonds—
initial
an
throughout
the project is expected to get
that
the
eventually
country.—V. 162, p. 980.
Number 4419
162
Volume
THE COMMERCIAL &
FINANCIAL CHRONICLE
Central of Georgia Ry.—Earnings—
1945
$2,954,989
July—
Net
from railway
from railway
Net
ry.
Gross
391,592
income___
oper.
1943
171,153
1942
$2,965,098
1,094,683
$2,590,593
656,072
843,848
1,025,347
railway
Net from railway
Net ry. oper. income—
—V. 162, p. 564.
23,417,130
5,392,468
3,246,138
from
22,738,013
6,577,008
21,493,282
8,215,947
5,208,331
3,781,151
Niagara Hudson Power Corp.—V.
162,
priced at 102 V2 and interest, and
the preferred stock at $20 a share, plus dividends from
Aug. 1, 1945.
-
sinking
a
fund
minimum
annual
than 50%
less
were
dated Aug.
debentures,
The
based
1,
requirement,
or
1945,
than 75%
more
due
are
Aug.
Gross
the
of
1,
1960.
for
debentures
preferred stock is redeemable at the option of the company in
Whole or in part on any dividend payment date on at least 30
days'
notice at $20 per share, pius accrued dividends.
Purpose—Net cash proceeds to be received by the company from the
of the debentures are estimated at $4,871,575, of which
$2,825,925
will be applied to the redemption of all-the
outstanding 12-year 3%%
debentures, due July 1,-1955, at 102y2, and $2,045,650 will be added
sale
to the
general funds of the company. '
net
cash proceeds to be received by the
company from
the
the' preferred stock will amount
to
$1,900,000.
Such
net
proceeds will be added to the general funds of the company.
Company has in contemplation plans lor the modernization, expan¬
sion and acquisition of manufacturing and
mining facilities, which it
is expected will reduce costs, provide for new
developments, increase
production of existing and new products and improve working con-,
The
of
.
all
for
the
pated post-war
In furtherance
of
requirements
of
approximately
the
of
assets
this
and
business.
will
represent
the
balance
the
Co.,
the
during
past
theretofore
as
a
portion, of
served
the
antici¬
in
the
the
in
on
Effect
to
Present
5%
debs., due Aug. 1,
pfd. stk. (par $20)
cum.
Common
stock
(no
162,713
331,085
320,146
tax
$2,053,997
225,254
$2,889,903
profits
Balance
J
of
yr.
profits
367,363
5,580
882,766
25,604
47,415
124,547
$514,776
$530,199
$931,187
;
„*
47,500
$305,895
premium
and
$562,276
■
Consolidated
500,000 shs.
256,862 y2 shs.
1,500,000 shs.
755,472
hand
on
shs.
History and Business—Company was incorporated in Delaware June
1935.
Company is engaged in the building material business and
the
largest factor in the rigid insulation board and acoustical
products industry.
The principal products which it sells consist of
acoustical,
rigid
plant
and
roofing
products.
insulation
products are manufactured at the company's
Marrero, La., principally from bagesse, the fibre remaining
juice has been extracted from sugar cane, and are used
at
after
hardboard
gypsum,
the
Balance
exterior sheathing, plaster base, exterior and interior
finish, roof
insulation, for insulating refrigerating equipment and for various other
building and insulating purposes.
Rigid
structural
or
insulation
is
also
utilized
by the company in
building materials such as Ceio-Siding
and Selo-Texbrik,
the surfaces of which are coated or impregnated
with asphalt and one
face covered with mineral granules.
Another
such product is
Cemesto, manufactured at its plant at Metuchen, N. J.,
manufacture
which
is
a
covering,
insulation
product
with
used for wall and roof sections in
and
providing complete
sells
company
batts
various
fibre
cane
construction
The
of
for
insulation
various
houses
exterior
forms
and
rock
of
asbestos-cement
and
other
interior
New York
162,
Stock
shares
of
making
types
of
is
The
secured
such
cumulative
total
preferred
amount
applied
stock
for
& Gas
Net
upon
256,862
notice
acoustical
panded gypsum
The
and
liner
the
mines
Operation
plants
Dec.
of
31,
which
cane
and
manufactured
are
mineral
fibre
by
the
and
tile
interior and
sells
exterior
units
wail
As
which
products
gypsum
Certain-teed
1945.
wallboard,
plaster,
and
ex¬
sheathing,
roof
Products
to gypsum
arrangement
an
slabs.
board products so sold, it acts
at
addition,
manufactured
are
under
Corp,
deck
lath
products
In
in
the
expiring
selling
as
agent.
Such
of
uec.
roofing
ceio-Jtwof,
oi,
and
insulation
manuiactured in
The hardboard
sheets,
and
are
of
one
tne
products
used
for
fibre
cane
a
functions,
having
and
company s
combining
values,
is
plants.,
made
product
structural
wood
are
paneling,
of
partitions,
Gross
»"mosp"
fabricated
and
Net
excess
625,768
for
taxes:
income
$1,842,927
$800,632
taxes
manufactures
ana
sion
•
joints
in
and
of
by
Lct..ov;o
licensee
expanded
A
Celotex
the
exclusive
an
for
into
sells
impregnated roof deck promproduct for meeting needs of expan¬
Other
slag
to
subsidiary
tXUo
the
of
Gross
company
i_.
:
British
value
of
sold directly
load-bearing
patent
a
and
issues
sold
were
near
this
from
other
and
have
plant
manufactures
products.
distributed
and
Possessions
from
London,
hardboard
plant
such
foreign
been
for
in
limited
Isies.
year, the percentage of net sales (including sales
products sold as agent) of the following groups of
was
insulation, 8'% acoustical,
and 8%
hardboard and other products.
the last prewar
year, i941, such percetnages were as follows: 60
insulation, 10 % acoustical, 12'% gypsum, 9% roofing, and 9% hardboard and other
approximately
gypsum, 16% roofing,
d 'o
as
follows: 57%
income
Underwriters—The
firms
named
Baul H.
«.
C.
Davis & Co.—
Allyn
&
Collins
«ornblOWer
Co.,
&
&
rne
M.
Co.
stem
union
Bros,
_
(Inc.)
_
&
Co.
&
Co.
-•
-
Jackson
'&
.
_
__Z
_
9,000
3,u00
9,000
6,000
Curtis—
_
•
•
450,000
300,000
400,0008,000
_
_
Boyce.—
Corp.
-
_
—
—
—
-
_
400,000
- •
450,000
100,000 '
750,000
-
1942
$895,454
240,215
279,603
138,692
2,746,260
7,569,294
2,793,783
income...
1,295,820
1,665,661
1,971,379
'
6,474,287
2.036,041
1,238,391
564.
approved
Inc."
approval
1946.
The
relations
shareholders
"Aldens"
name
in
a change in the name of the
corpora¬
change in corporate title is to be sub¬
This
of
at
the
had
expanded catalog
next
annual
previously
promotion
meeting in
adopted for
preparation
been
and
in
—V.
the retail department store field.
Jackson, President, said the name "Aldens" in the past
has been applied to all of the company's sales activities.
p. 779.
W.
years
162,
Chicago, Milwaukee St. Paul
July—
1942
1944
1943
$19,998,586 $18,468,105 $18,926,882 $15,153,943
4,293,076
4,352,764
7,553,410
4,962,426
2,383,495
2,544,768
4,253,957
2,593,119
from
480,000
ry.
railway
railway
from
Net
income..
oper.
& Pacific RR.—
-Earnings
1945
,
Net
From Jan. 1—
$1,342,360
(net)
Gross
from
railway
Net from railway
6,290
Net
$1,348,650
ry.
—V.
162, p.
135,203,648
127,503,934
124,462,297
94,714,940
35,280,735
36,522,412
17,790,066
49,929,964
29,648,099
32,292,184
16,174,476
income
oper.
17,068,419
564.
448,148
^
income
Chicago & North Western Ry.—Earnings—
$900,502
preferred
on
stock
123,000
_—.
Balance
Earnings
for
share
per
Note—The
the
interest
July—
on
from
from
other
income of
abandoned
an
stock
issued
on
April
26, 1945; (2)
with the require¬
computed in accordance
of the mortgage securing
1945
year
Elimination
resulting
preferred
the
new
bonds;
ry.
—V.
The
until
Old
Colony Trust
of Sept.
noon
general mortgage,
and
to
21,
Sept.
trustee,
Milk
45
Net
from
Net
24,
ry.
1945.—V.
162,
p.
—V.
1945
from
Net
from
ry.
railway-
Net
Net
1943
1942
$5,657,206
$5,021,976
1,660,768
1,785,611
1,575,023
Net
409,755
income.
721,163
687,295
751,187
Net
Frorj Jan. 1—
Gross
from
Net
from
Net
ry.
34,866,434
35,726,188
36.981,826
9,560,668
3,830,811
8.956,865
10,802,802
income.
oper.
2,991,640
4,076,260
4,420,826
162,
__
1945—3 Mos.—1944
,
(& Subs.)—Earns.
1945—6 Mos.—1944
$12,220,292 $11,524,079 $24,565,440 $22,932,476
4,094,560
3,739,621
8,126,024
7,456,680
954,056
950,687
1,835,621
1,745,148
1,366,430
1,394,971
2,744,778
2,759,882
expenses
-
Maintenance
Depreciation
■8,000
9,000
2,000
15,000
income.
oper.
118,072,335
108,038,409
45,221,119
16,885,680
41,972,775
17,414,097
...
...
103,245,008
45,566,498
25,996,272
69,955,802
23,511,701
17,293,189
980.
p.
1945
Z
1944
1943
1942
$2,362,553
$2,177,600
$2,259,753
$2,027,259
703,448
437,805
708,831
602,958
395,937
217,664
370,746
406,714
15,746,562
15,540,926
3,911,734
.3,354,446
2,089,280
from
railway
railway
ry. oper. income.._
1,747,210
14,990,414
4,165,997
2,669,888
from
railway
from railway.
ry.
oper.
income...
12,752,874
2,717,829
*.
1,219,725
162, p. 565. :
I
Cincinnati Gas & Electric
A
Period End. June 30—
Operating
Operation
1942
t Z
Gas
South West Utilities Co.
1943
32,133,233
.
564.
p.
Central &
...
...
from
Gross
9,820,692
railway
railwayrailway
162,
—V.
railway-
Ry.—Earnings
1944
From Jan. 1—
$5,297,535
1,220,904
railway
oper.
1944
Pacific
&
$18,561,213 $17,176,436 $15,930,871 $12,843,694
6,998,613
7,127,079
7,206,487
5,633,503
2,872,247
3,020,182
3,878,251
4,673,592
July 1—
$4,755,627
...
12, 120,243
21, 465,687
Chicago, St. Paul, Minneapolis & Omaha Ry.—Earns.
.980.
Jersey—Earnings—
JulyGross
income
oper.
from
Gross
Central RR. of New
railway..
railway....
from
ry.
bonds, due Sept. 1, 1972, to an amount
of $67,282, at prices not to exceed 109 vz
sum
18,768,899-
From Jan. 1—
M, 3'/2%
the
13,718,614
1945
from
Net
St., Boston, Mass., will
1945 receive bids for the sale to it of first and
ser.
to exhaust
interest
Co.,
91,556,989
33,660,934
74, 332,769
27,433,990
13,148,200
Chicago Rock Island
Gross
Net
Sought—
94,774,046
26,631,750
162, p. 565.
Gross
Central Maine Power Co.—Tenders
1942
98,349,900
income.—
oper.
July—
Federal
financing, the allowable credit for preferred dividends paid and the
provisions and rates of the Revenue Act now in effect.—V. 161, p. 2553.
railway
railway
from
Net
construction
less premium on the basis of the April, 1945, refinanc¬
income and excess profits taxes on such adjusted
earnings computed on the basis of separate corporate returns, utilizing
the excess
profits credit of the company as it exists after the re¬
(5)
from
Net
of debt expense,
ing;
1943
—
From Jan. 1—
Gross
non-recurring item of $30,000
project; (4) Amortization
a
1944
railway.— $14,687,128 $14,021,615 $14,858,292 $12, 473,162
railway
4,155,192
4,032,820
6,291,459
4, 214,527
ry. oper. income.._
2,002,763
1,868,221
3,518,865
2, 328,525
Net
of earnings reflects the following: (1)
$14,000,000 3%
bonds and annual dividends on
1945
from
from
Net
$1.94
stock
common
retirements
the
$777,502
summary
4.10%
for
for
of
above
$3,000,000
Provision
stock...
common
joint
&
application
Electric
Cincinnati
&
„-••.!
filed 4ug. 31 with the SEC by Columbia
subsidiary cf United Corp., and its subsidiaiy,
Co., the major feature of which deals%ith
was
Corp.,
Gas
.
Co.—Refinancing Plan^JZ
a
Electric
the
refinancing of Cincinnati prior to its divestment by Columbia, as
required- under the Nov. 30, 1944, order of the Commission. Z
usi
-
Under
the
new
application, which was in the nature of an^ameiidover-ell
plan for geographical integration("Jfthd
corporate simplification,
Cincinnati will issue and sell undter ;-<Rhnpetitive bidding $45,500,000 of first mortgage bonds, the major*
portion
of the proceeds to be
applied to the redemption of all its outstanding
ment
to
Columbia's
,
other
Taxes,
Fed.
than
income
Fed.
'
&
977,826
2,095,438
1,954,903
indebtedness.
2,491,000
inc.
1.052,054
2,196,284
5,050,600
4,426,984
series
prof.
excess
taxes
Cincinnati
due
Net
Other
$2,262,191
16,186
income
oper.
income
(net)
$2,264,690
$4,712,978
$4,588,879
12,478
37,168
25,274
income
Gross
Int.
other
&
-
$2,278,376
$2,277,168
$4,750,146
$4,614,153
deducts.—
1,500,439
1,552,260
3,025,508
3,141,472
$777,938
$724,908
$1,724,639
$1,472,681
9,000
loO.OUO
Z~Z~Z~~
Company
Securities
2.000
450,000
_
20,000
100.000
_
__
1943
361,093
expansion into
due
Income
net
inc.
Statement
(Central
Period End. June 30—
Total
income
—_
and
South
West
1945—3 Mos.—1944
$514,555
Utilities
Cm
onlvl
1945—6 Mos.—rl944
$515,226
$1,600,700
39,902
142,109
8,062
13,920
$929,221
'■
and
Expenses
Int.
on
note
taxes.—
payable—
47,623
6,960 Z
72,333
•
13,862
—V.
income —-——
162,
p.
876.
$459,971
$467,261
$1,444,671
"
$843,027'
,''Z:%Z.Z-'-VZ".';\Z"
"•
-■
-
}-■ r'DS
outstanding $31,063,000' first mortgage 3V4% bonds,
and $9,031,000 of 3V2% first mortgage bonds, tidies
redemption prices of these bonds will be 104 and 105*/2,
■ ■' •
)> }*»
'
1
j
will
oiuLuWoi
will
be
also
offered
issue
in
280,000
exchange,
shares
to
the
of
preferred^ stock
available, for !its
new
extent
400,000 shares of outstanding cumulative preferred stack, 5%, series A,
on
a
share-for-share basis.
Competitive bidding will also govern the
sold
to
stock
issue, and
underwriters.
preferred stock, .5%
The
joint
.<
All
such shares
unexchanged
as
application
also
covered
a
are
shares
series, wfllv be called
will be
cumulative
riot exchanged
of
the
old
redemption at
number
of
:Z
incidental 'transac¬
tions, involving two other subsidiaries, Miami Power Corp. and Hriion
Light, Heat & Power Co.
These -two companies will repay $109,600
and
-
$300,000, respectively,-of 6%^ demand notes they
Columbia's
investment
Miami
Net
■
has
TJie
respectively.
preferred
Consolidated
■
1966,
1 nnrf
which
Pref. Shs.
$1,000,000
450,000
_
_
Weeks-ZZZZZ
Marks
&
Inc
Co...
Mnwaukee
Webber,
~
Inc.
Co.
^eobon, MeCormick
Laurence
Baine,
of
Debentures
£mes. Emerich &
yentral Republic
JtUien
agreed
to
preferred stock
severally
have
below
the company debentures and shares
forth below
opposite their respective names:
13,832,019
4,548,730
1,442,567
$1,034,282
183,183
"Aldens,
$1,822,360
products.
j,u' c'nase from
'
1944
8,029,698
p.
Robert
few
847,949
to
countries.
largely
-
317,730
145,540
for
Gross
and
Prior
last fiscal
gypsum
Products
owns
6,488,905
2,036,060
$1,116,071
240,513-
income...
directors have
to
March,
421,786
tax—f
deductions
Net
—V.
Ltd., whose plant is located
rigid insulation and
For the
of
17,100,759
•••■
7,286,995
2,276,123
162,
customer
$3,092,095
income
Income
17,735,525
5,455,304
1,895,969
profits taxes, per
manu-
Culloj.^i.e.
ul
these products
product is
light-weight
Tnis
aggregate.
the
covering
patent
a
manufacturers
the
British
Isies, British
Because of the
war, sales
the
income
283,661
<
-•
1945
oper.
The
12 Months Ended June 30, 1945
excess
accrual
reserve
1942
$2,163,620
833,045
227,871
J
912,989
railway..__
railway.
from
ry.
mitted
$853,079
Utility operating income
Net
construction.
concrete
under
principally
war
to
and
more
cane
sub-licensees
concrete.
sells
a
highway and other
Company is
factuer
operating
1,438,026
$2,428,213
234,388
$921,153
from
Gross
Utility
Retirement
3,370,949
1943
-
625,728
213,825
railwayrailway...
ry.- oper.
tion
685,731
—
profits
12,318,073
■
Chicago Mail Order Co.—To Change Name—
$1,538,810
1,042,295
I.
Balance before Federal income and
books
;
excess
'
17,599,664
5,010,988
1,671,023
'
Net
$1,388,970
149,841
70,893
income—
Federal
336,870
,
1—
from
from
—V.
480,000
$1,772,034
income
Federal income
,
1,257,122
(net)
other
Cnpumnv is 0 se jui" agent lor tnese products under arrange¬
which have continued for
many years and appear likely to be
continued in the future.
Company 'also
1944
$2,409,712
610,734
from
Net
637,240
840,061
480,000
profits
Statement of Pro Forma Earnings,
ments
e]
1945
$2,439,410
frojn railway
railway...
Gross
510,748
accruals
deductions
sufficient
fibre,
shelving
18,500,518
7,153,759
2,504,829
689,488
261,618
From Jan. 1—
1944
the
roofing products as consist of asphalt felt shingles,
sidings, roll roofing and allied products, are manufactured in plants of
the Certain-teed
Products Corp.
under an arrangement which will
expire
2,185,432
*
Chicago Indianapolis & Louisville Ry.—Earnings-
$7,706,038
3,431,959
Z.
and
operating
Income
(3)
of
6,277,889
1,745,001
railwayNet from railway—
Net rwy. oper. incomes.
—V. 162, p. 564.
Net
616,101
Z.
—
income
ments
consist
20,276,530
5,409,049
-
876.
From Jan.
of
$7,951,206
3,617,242
,
taxes
Annual
gypsum rock and
manufactures gypsum
Port Clinton, O., and near Hamlin, Tex.
near
company
of
most
perforated
products
board,
plants
of
manufacturers.
tile.
gypsum
Company
its
products,
consist
company,
outside
18,620,077
231,321
Net rwy. oper. income..
shares.—
1945
Maintenance
reserve
1942.
$2,092,356
..■'<; ZtZ
from
Gross
Co.—Earnings—
revenues.^
income
1943
924,767
Chicago Great Western Ry.—Earnings—
Net
12 Months Ended June 30—
Federal
14,564,632
$2,632,483
income™
p.
July—
General
83,560,294
30,212,289
Exchange has authorized the listing of 100,000
5%
the
Central Illinois Electric
Operating
1944
$3,051,224
1,011,690
219,335
July—
Gross
as
between
from
1945
757,417
railway—
railway
;_v
oper.
162.
Gross
Dividends
framing, granulated for pneumatic appication, and loose for fill type insulation, principally supplied from its
plants at Lago, Ind., ana Detroit, Mich.
A portion of -its
require¬
ments
:
from
from
779.
p.
'
railway.—_' $2,618,925
railway—"
oper. income
ry.
—V.
$20,248; long-term debt, $2,982,000; 5% preferred stock, $3,137,250; common stock -(755,472 no par shares>,
$755,472; paid-in surplus,
$2,079,433; earned surplus, $4,056,090; total, $15,567,692.
Listing of 5% Cumulative Preferred Stock—
issuance,
ry.
Gross
ates,
The
1942
board
surfaces.
insulation
wood
"V
from
Net
1945
Liabilities—Notes payable, bank, $60,000; accounts
payable (trade),
$611,092; accounts payable (other), $228,345; accrued liabilities
(net),
$1,504,103; dividends declared, $133,659; current indebtedness 10 affili¬
additional
1943
564.
from
Net
Sheet, April 30,
-Earnings—
1944
21,679,189 135,209,239 118,933,318
63,935,550
53,002,705
53,954,622
18,898,865
14,384,367
26,203,651
From Jan. 1—.
for
the
July—
expense,
and
is
The
162. p.
Net
$931,187
and
demand deposits, $1,454,704; U. S. Govt,
securities, $1,150,000; notes and accounts receivable (net),
$2,128,473;
inventories, $2,656,352; other current assets, $59,503;
investments,
$2,223,144; fixed assets (net), $5,408,418; patents and
patent rights, at
nominal value, $1; deferred
charges, $343,565; other assets, $143,530;
total, $15,567,692. -
Other
29,
insulation,
$530,199
•
unamortized" discount
income
oper.
from
Gross
etc., applicable to funded debt retired
during year.
Assets—Cash
distance
a
Chicago & Eastern Illinois RR.—Earnings—
..
$5,000,000
par)
—V.
un-
credit—„
redemption
for
$22,741,637 $19,249,088 $19,469,358 $14,722,042
n
nno
*
9,038,098
6,321,093
9,273,525
6,233,055
2,556,414
1,714,999
4,021,182
3,042,871
railway
Net from railway.
Net ry. oper. income
1,354,760
$305,895
income-——_
■"Of
counties
From Jan. 1—
Gross
Net
Net
V.
ry.
railway.
railway..
from
479,409
13,032
....
prior
320,500
134,820
Other income taxes and
conting. tax reserves
to
Net
tax
Credit due to carry-back
Indiana
1945
from
Net
.
used
Gross
and
185,220
excess
four
refused
was
Chicago Burlington & Quincy RR.
261,944
$866,460
_
(net)
Utility
Outstanding
$5,000,000
1960
through
runs
previous application
$3,151,847
Financing
Authornzed
15-yr. 3'/4%
$2,374,143
$638,967
Retirement
Giving
$1,197,545
which
miles.
of
name
part of the expansion of the company's
the proceeds of the present-financing
program.
Capitalization,
120,473
$801,680
income
surtax
acquisition
the
company in a
aforementioned
$3,031,374
169,903
total
a
replenishment of the company's working capital, and
proceeds of the present financing will place the
position where it is better enabled to carry out the
a
of
$2,204,240
199,116
company.
expended
year
carried
meet
by
has
company
the
to
company
markets
the
program
business
A
enabling
in
$1,200,000
Texas Cement Plaster
gypsum
of
purpose
$998,429
98,854
normal
Fed.
average
retirement of not
The
ditions,
Fed.
Entitled
prior to maturity.
the option of the company at any time in whole or in
days' notice, otherwise than for sinking fund, at
1, 1946, and for the sinking fund at 104%
prior
to Aug.
1, 1948, with reductions in redemption prices, in each case
with accrued interest.
'
$702,826
deductions
road
62
by the ICC on the grounds that
the line was a
necessary facility for the war effort. The road reported
to
the
ICC
that
it
operates at a deficit, and that its operating
history demonstrates there is no economic justification for its
con¬
tinuance.—V. 160, p. 1396.
4,522,293
Write-off
guaranteed
a
part on at least 30
105% prior to Aug.
sale
4,376,502
„
at
Redeemable
3,864,258
profit
Total
the
of
A
1,909,074
income
Income
•
earnings, with
which provides
on
admin,
July—
$5,000,000 15-year 3
% debentures, due in 1960, and
100,000 shares ($20 par) 5% cumulative preferred stock.
to
and
The company and Dulien Steel
Products, Inc., its proprietor, have
applied for Interstate Commerce Commission authorization to abandon
779.
p.
Celotex Corp.—Securities Offered—A
banking syndi¬
cate headed by Paul H. Davis & Co., on Sept. 6 offered
debentures
sales
gen.
Other
*
The
of
expenses
4,675,547
I
Central Hudson Gas & Electric Corp.-~-Bids Invited—
See
sales
Cost
Chicago, Attica & Southern RR.—To Abandon Road—
Years Ended Oct. 31
Apr. 30,'45
1944
1943
1942
$10,431,162 $20,693,859 $22,758,269 $22,660,363
7,819,262
15,831,172
16,177,527
15,106,696
,
Net
15,387,321
3,527,909
Earnings
6 Mos. End.
k,
>T
Sell.,
1—
From Jan.
Gross
Summary of
1944
$3,427,456
1,049,666
730,093
1165
will
in
the
common
stocks
and
owe
to Columtta.
indebtedness
Power, Union Light, and West Harrison Electric & Water
be purchased by Cincinnati
for^approximately $6,312,896.
securities
to
be
purchased
of
Co.
by Cincinnati comprise all of the outstand-'
of the three subsidiaries, except 122 62/94 shares of
Light common which are held by the public.
connection with Cincinnati's refinancing, Columbia will make a
securities
ing
Union
In
contribution of $6,000,000 in cash to that company, debiting
the amount
to its investment in the common stock- of Cincinnati,
which will credit the amount of capital surplus.
So that the proposed financing may not conflict with the Victory
Loan Drive starting Oct.
29, Commission approval of the program
capital
departments.
Over 155 of the
super-market type and all of these
'
"
The self-service super-markets operated by the company are of two
types: the "Big Star Stores," carrying under normal conditions ap¬
proximately 3,000 merchandise items, and the "Little Star Stores,"
similarly carrying approximately 2,000 merchandise items.
As of
July 28, 1945, 75 of the super-markets were "Big Star Stores" and 82
two-thirds
stores
$8,212,396
revenues
4,175,106
511,051
Operation
Maintenance
Fed.
775,397
retirement—
for
Prov.
taxes__
344,620
profits tax_
527,560
income
Federal
excess
652,570
taxes
Other
1945—12 Mos.—1944
$8,582,311 $34,873,678 $35,423,640
3,957,881
17,599,265
16,270.016
502.304
1,992,793
1,855,778
838,282
3,374,332
3,541,269
382,420
1,745,325
1,708,690
966,860
2,342,575
4,081,709
651,411
2,557,628
2,556,282
1945—3 Mos.—1944
Period End. June 30—
10,301
11,132
80,333
$1,294,285
$5,342,093
income
Net
396,633
386,182
1,550,338
1,557,794
$339,759
$908,103
$3,791,755
500,COO
500,000
2,000,000
2,000,000
$339,759
Cumul.
$408,103
$1,791,755
Ry.—Bonds
The
&
surrender
Period End. June 30—
Total
162,
p.
$2,262,984
144,590
80,003
111,729
283,986
291,416
167,432
160,650
279,707
$191,788
$427,566
138,658
144.403
$207,707
86,267
income
011
income
other
Gross
Total
income—.
998,223
130,774
income
161,
Net
ry.
$197,031
$447,467
$459,030
143,279
$53,623
291,597
;
$167,433
$138,980s
_
2440.
-Earnings-
**"
1945
railway
railway
1942
$1,041,483
$1,121,584
561,064535,015
465,593
435,617
509,318
income—
oper.
1943
1944
$1,107,589
414,235
$1,015,230
590,347
of
From
May 26,
stock
common
purchase
options.
warrants
to Aug.
1945,
issued
were
and
shares
250
......
18,
under
from
Net
ry.
railway
railway
from
Net
—V.
162.
8,437,713
8,379,444
7,587,861
7,033,539
4,195,516
4,448,442
4.064.082
3,981,491
3,445,466
income—
oper.
3,663,862
3,275,850
3,296,647
Stock
5%
at
$17
at
date
attached
were
cumulative
purchase
thereatter
which
Purchase Warrants—At Aug.
warrants
company
that
under
Cold Spring Brewing Co.
The
stockholders
at
number
share
stock,
shares
of
up
to
and
share up
become void.
to
and
per
they
1,000 shares of $100 par, 5%
been
issued
at
for
par
for
the wararnts
the
will
be
unexchanged
not
to
the
detached
shares
and
of
A,
common
Dec.
warrants
extended
said
of
stockholders
Colgate-Palmolive-Peet
Co.
Listing of $3.50 Pre¬
—
ferred Stock—
to
pursuant
New York Stock Exchange has authorized the
shares of $3.50 preferred stock (no
par) which are
standing.—V. 162,
listing of
issued
125,000
and
out¬
453.
.p.
stock
depositing
Stores, Inc.—Preferred Stock Offered
A
headed by Hemphill, Noyes & Co., has under¬
written a total of 60,000 shares of cumulative
preferred
stock, 4% Series ($50 par). The group on Sept. 4 offered
7,522 shares at $50 per share, plus accrued dividends
—
from Sept. 7 for deliveries after that
date, and will pur¬
chase from Colonial Stores and offer to the
public any
of the remaining 52,478 shares not taken
by holders of
the company's 5% cumulative
on
preferred stock, Series A,
share for share exchange basis.
a
The
redemption
called / for
the
for
same
offer made by Colonial Scores to holders
of
its
preferred stock expired at noon Sept. 4, and series A shares
not deposited for exchange will be redeemed on or about
Oct. 8 at"
$52.50 per share and accrued dividends.
Non-detachable warrants of
the
A
purchase
of
common
stock
attached
preferred will become void at the close
date, if not theretofore exercised.
Dividends
the
on
4%
preferred
to
certificates
of business
for
the
on
the
bid
redemption
Williams
are
to
accrue
date
from
of
with the first dividend payable Dec. 1, 1945, and payments
to be quarterly thereafter.
Terms of stock include provisions for semi¬
annual sinking fund payments to retire
1%
of maximum number of
shares at any time theretofore
outstanding.
Shares are redeemable
at prices ranging from $52.50
per share to $50.
Entitled in voluntary
liquidation to preference equal to optional redemption
price and in
involuntary liquidation to par, plus accrued dividends in both cases.
History and Business—Company was incorporated in Virginia in 1901
as David Pender
Groceiy Co.
The growth of the company up to the
1940
although
latter
effected
was
about
part
of
70
stores
principally
were
by
acquired
the
from
opening
other
of
new
concerns.
stores,^
In
the
the
1940
company operated an aggregate of. about 295;
retail food stores.
In December of that year it acquired
by merger a
chain of approximately 259 retail food stores from
Southern
GroceryStores, Inc.
The latter company had been incorporated in 1925 when
it acquired the business and property of L. W.
Rogers Co. (the' out¬
growth
of
organized
a
in
business
1915.
founded
In
the
in
1940
1892)
merger
and
of
the
Purity Market
company's name
Co.
.
well
trolled
of
the
as
items
sold
under
trademarks
by the company,- which
total
operates
busines.
bakeries,
In
warehouses
and
items, however,
connection
and
from
ry. oper.
—V.
Burnett
&
of
Net
&
Co.
Prov.
Co.,
Inc.
^
Taxes
Federal
with
its
delivery
brands
owned
constitute
business,
fleets.
a
or
minor1
the
li76o',02S
1,793,302
1 209 5901
Net
•
Subs.)—Earnings-
1945—3 Mos.—U944
1945—6 Mos.—11944
,
&
3,301,344.
.3,707,811
7,693,936
8,103,330
2,572,692
5,248,448
5,351,142
1,819,931
1 1,978,091
5,120,686
5,121,293
2,403,356
2,850,955
6,229,055
7,278,477
,
than
income
Fed.
taxes—
prof.
exc.
oper.
Other
tax.
£^3,132,979
revenue
1
income
Gross
corporate
8.334
$6,233,143 $14,358,623 $14,619,022
50,514
98,080
103,360
44,436
inc.-
$6,177,415
fixed charges-_
& min. ints._
800,237
divs.
applic.
Columbia
8.000
8.000
.8.000
7.500
to
$6,283,657 $14,456,703 $14,722,383
793,933
1.542,005
1,549,014
Gas
612,839
Elec-
&
614,210
$4,764,338
corp.-
1,229,168
Taxes:
Fed.,
•
315,298
6.667
and
other
693,513
333,885
210,390
993,093
994,279
1,988,808
Crl7,914
CT14,316
Cr28,927
1,989,817
Cr21,258
$3,279,713
$3,468,075
$8,726,571
$9,071,235
—
Miscellaneous income.—
2.500
190
2.500
2.500
1.666
100
1.333
1.333
75
.833
Gross
75
.333
Operation and maintenance
69,558,328
Provision for retirements and depletion
than Federal income
15,139,877
Consol.
Statement
Federal
17,873
$2,528,190
$1,994,242
366,609
86,382
tax
Total
Accounts receivable
Gas
346,000
370,000
310,000
1.621,000
Taxes:
972,000
882,000
25,722
130,000
Interest
101,000
-78,000
and
136,917
138,826
Preferred
245,181
245,181
Consolidated
_______
•
.Z_ZZZZZZZZZZZZZZZZZ
pfd"
cumul
excess
~~-
'
'
«>
payable
Deductions
from
(trade)
$1,652,789
employees'
respect of taxes
Accrued liabilities
compensation
provisions
Z
on
declared
< net
1944
1
*
Capital
minor
_Z
ZZZ
par)
surplus
Earned
($5
30,132
2.679,800
1,325,040
surplus
Z~
2,573,187
Net
Cost
by
$0.42
10%
of Federal
of
purposes
restated
for
the
amount
an
comparison,
the
on
twelve
adjusted
months
equivalent
to
the income state¬
basis, and in the
June 30, 1944.
ended
$0.24 per
share over
share reported at that time.
$17,839,352 was paid to the corporation
per
amounts
1944.—V.
sales
of
Selling,
26.118
162, p
981.
by the
"
(&
Subs.)—Earnings—
1944
1945
j
$13,311,884 $11,491,362
sales
and
admin,
other
and
oper.
general
exps.
1,250,370
exps._
Operating profit
,
8,890,796
1,614,536
7,780,800
1,489,327
1943
$10,004,656
6,590,412
1,312,578
Other income
96.321:
(less
—
other
charges*_
$2,806,552
337,748
$2,221,235
373,359
$2,101,666
$2,594,594
800,000
126,724
$2,406,037
$1,667,870
1,074.812
$3.10
$1,502,365
304,371
2.560,620
Total
income
Federal
income
■
Total
$13,177,682 $13,464,461"
162, p. 780.
for the periods
credits and csli*
aggregate to
2,679.800
275.529
ZZ_ZI
taxes
retirement
the
"
Columbian Carbon Co.
165,000
2,315,000:
.
profits
debt
in
6 Months Ended June 30—
2,315,000
risksZ" ~~
by
subsidiaries in form of interest and dividends during the twelve months
ended June 30, 1945, and
$14,552,090 during the twelve months ended
2,362,229
165,000
($50 par)
Common stock
of
For
been
income
increased
these
June 30,
.
Reserves for self-insurance of
5%
preferred stock
been
116,211
Liability for sinking fund~instalmentZZZZZZZZZZ
3%% sinking fund debentures.
$0.57
excess
reduced
y
have
net
amount
tOf
280,936
1,665,193
Federal
been
credits equivalent
respectively.
for
the
166,552
279.325
ZZ
iZZZZZZZZ
6,453,640
:
common
profits taxes.
restatement
$1,561,515
80,476
ZZZZZ
income
for
have
14,503,703
6,453,649
13,365,061
*£___
share—____
paid—-
above
ments
in
;■
Provision for taxes
income.;
earnings per
post-war
915,521,
2
$13,177,682 $13,464,461
Accounts
Cr50,657
amounts previously/provided
for taxes out of earnings.
The
agregate of these and certain other adjustments for the three, six ana
months ended June 30,
1944, is $378,067, $1,255,538 and $2,-
Total
.'Liabilities—
650,084
3,988,706
Cr40,532
twelve
137,372
1,970,643
444,499
550 527
846,523
3,975,026
restore
58,807
1,962,831
charges—Z-ZZZ"
net
dividends
1,366,195
1,347,942
other
charges
and
tSettlements in 1944 of Federal taxes
covering prior yeafs have dis¬
posed of certain controversial items.
This has made it possible to
381,803
141,583
Property, plant and equipment (net)
Prepaid expenses and deferred
Goodwill and leaseholds
58 807
399,583
profits" taxes
20,468,157
Corp.:
income
excess
191,779
6,175,740
'
'
_______
Post-war refund of Federal
Investments
6 210 922
26,044,206
5,576,048
19,483,896
corporation
fixed
mated
$4,103,816
177mti
.
_
*The
•.
$3,676,389
to
State
shown
May 26, '45 Dec. 30, *44
5,490,305
expenses
Consolidated
134,536
277,250
25,829,316
214,889
24,974,202
Electric
other
Miscellaneous
66.915
hand-—
on
&
Federal,
162.893
Inventories
_____
applicable
160,020
13,486,685
24,733,061
241,141
income.
fBalance
$637,860
8,450,188
deductions
Columbia
143,491
$718,581
10,122,240
revenue—
corporate
income
64,964,884
15,660,08Q
10,357,327
8,460,536
11,021,182
tax
income
Administrative
Comparative Balance Sheet
and
profits
excess
Gross
S
$
taxes—
operating
Other
2.258
$2,983,670
92,775
Net
11944
1945
139,024,878 138,758,837
income
^Federal
Assets—
banks
"
revenues
Taxes other
1,134
$793,895
Statements
Subsidiary Companies:
Dec. 30, *44
$242,375
Income
12 Months Ended June 30—
,
$602,983
income
income—
Comparative Consolidated
916
taxes
net
——
taxes
Minority interest
con¬
part
company
Approximately
Colorado Fuel & Iron Co.—To Vote
The
stockholders
will
vote
Sept.
25
on
Merger—
in
$3,144,300
(est.*
earnings
shares of
common
See also
stock, of
no
itNet profit
Dividends paid
•
approving a proposed agree¬
ment or merger dated
Aug. 2. 1945, which provides for the consolida-'
non
with and into this
company of the Wickwire Spencer Steel Co.
The agreement also
provides for the exchange of each share of
present
common stock, of no
par value, of the Colorado company for two
new
Earnings
on
par value,
v
Wickwire Spencer Steel Co. in V.
.
...
..
«"
162, p. 55.—V. 162,
p. 565.
,
1
fxd.
charges
2.500
665,192
77,515
and
._
Interest
4.167
349,959
194,147
exps
State
other
Years Ended-
31,375
1,229,668
$4,875,514 $11,685,530 $11,943,700
trie Corp:
Administrative
$1,991,984
.
income
'
2,491,336
""Federal
Bal.
$2,510,317
preferred dividends
Common dividends
-V.
3,026,525
1,695,797
income
10.000
$2,982,536
5 r'c
Dividends
3,340,464
1,516,184
10.000
190
Z-ZZZZ
deductions
income
stock
3,034,415
•
retirements
other
Pfd.
$602,067
income
in
5,461922
190
May 26, '45
Fed. exc. prof, tax (neti
Cash
7,793,816
338,359
$33,186,615 $32,904,769 $7^,720,374 $73,525,370
mainten._
17,037,667
15,562,075
36,069,624
33,052,104
&
for
Int. &c.
ZZZZZZZZZ"
ZZZ
ZZZ
surtax
Net
9,223,812
100
Operating profit
State
255^449
9,305,388
1942
$911602
'
depletion
13.334
310
_
21 Wks. End.
normal
269,571
125
I
,
Income
135,325
income—
revenues
Stock
500
I
Norfolk
Co.
sales
Total
1943
$1,192,601
460,633
264,304
railway,
Operation
Jan. 1, '44 Dec. 26, '42
$36,880,543 $97,656,627 $90,900,795 $80,126,158
Cost of goods
sold, etc.
30,754,652
81,479,413
75,977,553
66,835,631
Sell., gen. & adm. exp.
5,523,824
13,194,678
12,412,925
11,298,543
.
1944
Subsidiary Companies:
i.
Gross
Unexchanged
600
.
~
J
Boyce
Crawford
__
% of
560
I
ZZZ
~
&
re¬
deter-,
387,077
Period End. June 30—
redemption and
exercise, up to
600
IncZ"
Co.,
Corp.
Bros.
to
1945
Ry.—Earnings—
Columbia Gas & Electric Corp. (&
date of-
600
ZZZZZZZZZZZ
&
be
11
162, p. 565.
625
/
:
Oscar
_
will
Sept.
*1,400.000
72,938
839>®"®
64,1/2
was
changed to Colonial Stores. Inc.
Company now operates approximately 430 retail food stores, dealing
in groceries,
vegetables, fruits, beverages, bakery and dairy products
and other items customarily sold in the general retail food
business.
Products sold include nationally known and distrbiuted
merchandise
as
Co.
Stein
_
held
190
&
H.
thereof
be
$1,345,296
railway
Net
has
stock
issue,
year
Sons
Co.
Riter
T.
from
750
Co.
Investment
to
$1,422,509
468,946
income—
oper.
750
I
Sinking fund for retirement of 5%
.
exchange
series
ry.
992
Graham, Parsons & Co.
C. Langiey & Co.
~
Stroud & Co., Inc.
Kirchofer & Arnold, Inc.
E. H. Rollins & Sons, Inc.
Van Alstyne, Noel & Co
Bosworth. Chanute, Loughridge
&
Southern
railway
Net
and
after
non-detachable,-
are
the
to
W.
and
Colonial
1945,
1947,
Stock
McDonald
of stockholders entitled
payment
1945
from
Gross
the
the
Hemphill. Noyes & Co.
First Boston Corp.
Kidder, Peabody & Co.
Fed.
group
1,
1,
of
No. of Shares
Other income
The
stock
exchange offer as shall hot have been
by such holders in exchange, jmd (b) the • 7,522 shares of 4%-;
preferred stock not subject
to the
exchange effer in the. various
amounts and percentages set forth
opposite their respective names:
&
of
From Jan. 1—
.
taken
Courts
date
date
their meeting
at
161, p. 2784.
Net
shares of
entitling the
principal underwriters named below have sev¬
erally agreed to purchase from the company (a) such of the 52,478
shares of 4% preferred stock offered to the holders of the old
pre¬
Sz
record
the
and
directors
the
by
The
from railway
.
Garrett
dividend
said
Net
beyond that redemption date.
stock
stock.
July 1—
Underwriters—The
ferred
$47^44
held Aug. 30, 1945, the stockholders voted in
a partial liquidating, dividend of $6
per share
meeting
common
Gross
29,222
series
including
Comparative Income
cash.
special
a
the
Colorado &
New York, N. Y.,-
including Dec.
These
7,007
$40,990
income
redemption of shares of 5 %• cumulative preferred
Period—
meeting voted to create an issue of
preferred stock, of which 800 shares have
At
on
stock, series A,- to which they are-attached; will expire on the re¬
demption date of such stock.'1 It is proposed that, when such stock
with warrants attached is exchanged
pursuant to the exchange offer,
(Mass.)—Sells Stock—
recent
a
the
$54 852
21,228
I $6 Liquidating Dividend—
1945, common stock
17,
certificates
to
preferred
$19. per
and in case of call for
G.
565.
p.
taxes—
..
Agent and Registrar—Bankers Trust Co.,
C.
503,194
From Jan. 1—
Gross
Net
and
V.
Robert
308,486
143,407
$73,262
from
from
Net
9.176
_
p.
July—
19,901
$216,541
Clinchfield RR.
Gross
5,243
deducts.
Net income
—V,
8,835
income
$62,219
Expenses
above-
1942.
of Additional
Operating
Total
Total
:
preferred
$449,855
68,399
Taxes
old
to
232,063
520,418
Depreciation
Taxes (other than inc.)
t265,008 shs.
500,000 shs.
"
—
stock
to
240
3,492
mined
-
$2,415,696
1,107,566
149,389
$1,116,929
76,276
240
income
ceive
returned
1945—12 Mos.—1944
547,089
:
above-
Common
$54fii<?
'
4
Colonial
acct.
1945, 7,701
,
27 762
$58,487
to
texcl. divs. from subs. 1:
of sub. incl. in sub.
Corp.
open
the
in
shares
Transfer
46 458
S&lZm
income deductions
Other
.
is the transfer agent and Chemical Bank & Trust Co.. New York, N. Y.,
is the registrar of the shares of 4%
preferred stock.
981.
(& Subs.)—Earnings-
$1,200,400
revenues
$5)__
attached
executives
holders
expenses
Maintenance
expenses.
oper.
(par
warrants
outstanding
1945—6 Mos.—1944
Operating
from
favor of the payment of
but
Citizens Utilities Co.
issuable
44J3
$12fTrZo
$134,540
28,713
applic.
Corp.
Utilities
Interest
debentures are to have sinking fund requirements
with $100,000 Oct. 1, 1948; after that date the payments
annually with a $25,000 increase at the end of each three-,
purchase
said bonds.—V.
of
stock
mentioned
first
and
accruals
res.
60,000 shs.
mentioned
and interest, and on Oct. 1, 1945, all of its outstand-,
ing first mortgage 6%
gold bonds, series B. due April I
10t;r>
at.
103% and interest.
Payment will be made at the Guaranty Trust Co.,
trustee. 140 Broadway, New York, N. Y., or at The Central Trust Co.,
Fourth and Vine Sts„ Cincinnati, Ohio.
Holders
of
these
bonds
may
receive the full redemption
price,
together with interest accrued to date set for redemption, upon pre¬
sentation
$3,250,000
100,000 shs.
additional
at 101%
1952,
$50)
Utilities
Colonial
$3,250,000
36;oo7
47,339
subs,
tain
Privately—An
Placed
has called for redemption on Oct. 15, next, all of its
mortgage 5 Va % gold bonds, series A, due April 15,
company
outstanding
(par
Outstanding
1,
qn-ma
$87,200
stock, which warrants will
expire on the redemption date of said stock, and also excludes 11,250
shares reserved for issuance upon exercise of options granted to cer¬
Bonds—
51/2%
April
retire,
accruals
from
income
Net
tExcludes
chase
existing bond issues.*
6%
due
before
reserve
Income deductions
to Present Financing
oqwo
$130,044
4,495
income
Gross
-
224 Q9«
29,999
(net)
income
Gross
Retirement
period, leaving $1,000,000 to be paid at maturity, April 1/ 1963.'
34,519 shares reserved for issuance upon exercise of pur¬
year
3%% bonds due Sept.
lt 1965 was placed privately in August through W. E.
Hutton & Co., with a group of insurance comparlies and
the Fellows of Harvard College. .An issue of $1,170,500
2% one-to-four year notes was also sold to three banks.
The issues were sold at par.
Proceeds will be used to
Calls
profits taxes
excess
$44s4irt
40,884
Other income
proposed 3%
continue
issue of $6,562,000 first mortgage
refund
debs.,
J
stock
and
income
Other taxes
territory.
in its
advantageous points
at
«q4d
$467,377
237,748
28,699
v
.
Street
fund
pfd.
beginning
for
Cincinnati
situated
series
Common
$1,895,483
132.
Federal
bakeries
and
Warehouses
Statement
1945
Maintenance
neighborhood
stores in Alabama
operated by the
operates three
company
series
4%
Federal excess profits taxes have been reduced
by debt retirement credits and estimated post-war credits equivalent
in the aggregate to 10%
of Federal excess profits taxes.—V. 162,
p.
the
Florida.
—
4,The
provisions
in
are
sinking
1963
$3,895,433
paid
Balance
The
addition,
Authorized
in
—
dividend
Preferred
In
Income
•'
Utility operating income
Capitalization Giving Effect
$5,453,279
Int. & amort.,-charges—
the
of
are
Subs.)—Earnings
Consolidated
Operating revenues
Operations
size,
smaller
of
store
company
*3%
income
stores
43,384
$1,236,392
Other income
Gross
other
The
(&
1945
Subsidiary Companies Combined:
principal territory served by the company comprises important
areas in the States
of Virginia, North Carolina, South Carolina and
Georgia.
As of July 28.
1945,
151 of its stores were located in
Virginia, 79 in North Carolina, 40 in South Carolina, and 160 in
one
Comparative
12 Months Ended June 30—
The
and
Forma
Pro
variety of merchandise items.
$5,409,893
$5,261,760
$1,283,153
$1,226,091
Stores."
Star
generally
Georgia.
Utilities Corp.
Colonial
have meat
stores
self-service,
operated on a cash-and-carry basis,,
providing clerk service instead of self-service, and carrying a smaller
Earnings for 3 and 12 Months Ended June 30
Monday, September 10,
departments.
"Little
type,
Gross
the
of
meat
the
all
of
are
have
were
27."
requested "net later than Sept.
was
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1166
per
$1,671,362
—
1,074,812
share
common
$3.11
"
,
1,074,812
®r
.
"Includes provision for renegotiation.
+ After deducting depreciation,
depletion and amortization of $1,642,859 in 1945, $1,565,018 in 1944 ana
$1,695,905 in 1943.
,
.
<:
Consolidated
Balance
Sheet.
June
80,
1945
Assets—Cash, $6,756,669; U. S. Government obligations, at cost,
$2,047,000; marketable securities, at cost (quoted market value, $9o'>"
Number 4419
Volume 162
THE
$838,223accounts receivable (less $27,602 reserve), $2,429,359;
inventories, $2,093,623; investments, at cost, $3,671,763; notes, accounts'
receivable, etc. (less $35,706 reserve), $183,032; post-war excess profits
tax
refund bonds, $61,289; fixed assets, at cost (after reserves for
depreciation, depletion 'and amortization of $33;l55,l 10), $19,912,859;
patents, goodwill, etc., $1; deferred charges, $452,789; total, $38,446,810.'
064)
Each
stock-and
and
notice
from
this
until
quoted
oh Aug.
directors
The
declared
24
cash
a
dividend
of
weekly
50
cents
Community Water Service Co.
1945
Amortization
of
property
to
:
present
business
effect
the
371,734
account adjustments.
Grocers
5,150
income
Preferred
dividends of subsidiaries
Minority
to
registered
from
proceeds
shares
of
the
sale
of
stock
common
15,000
Consolidated
5,150
»
534,286
534,286
•
7,244
the
debentures,
will
be
note's due' Sept.
Investment
used
0
350,567
$307,103
of
rate
(&
'
:
operating
refund
and
sale
on
Net
for
Note—In
the
4,951,000
1,945,049
inc
$6,795,609
$6,930,894
figures
allowance has
no
been
made
for
York, Inc.—Output—
on
60,825
Electric Rates
by
York
New
bills.
City,
Proposed—
estimated
Commission
The
to
has
cut
$6,352,600
called
annually
hearing
a
the
on
12.
professional
business
service
tion
the
under
witn
its
Under
reduced
be
transferred
be
rates,
proposed
Certain other rate classilicauniformly applicable in
the various
withdrawn and customers now taking
not
would
would
them
the
of electricity.
users
users
City
to
the
new
other appropriate
or
No.
2
$6,870,069
$2,52
Plant
classifications.
Reductions
bi-monthly
or
0.-92%
bill
on
a
for
20
would
from 30 cents, or 16.67%
on a
kilowatt-hours—a minimum bill—to- 10 cents,
bi-monthly
the fuel: adjustment
charge..
range
bill for 250 kilowatt-hours, all exclusive
of
Changes proposed for service classification No. 2, that for general,
electricity, would reduce more than 4,500,000 bills in the year,
$2.46
$2.74
uniform service classifications would increase bills for about
8,uuO
tomer's
and
of
reduce
bills
$50,100
about
ior
year.—V.
a
9,000, creating
981.
an
-
estimated
'
of
total
162, p.
1945—Month—1944
The purposes of the
merger are;
(1) To integrate" these three
companies into a single consolidated
corporation which would be named
Republic Pictures Corp- and the
dominant business of which would be the
production and distribution
.
(2)-To
dated
Film
513.50
.
pictures;
liquidate
(3)
per
preferred
share,
To- reduce
annual
Film
the
or
a
the
existing dividend
stock, which, as of
total
of
present
dividend
arrearages
July
1,
on
1945,
the
Consoli¬
amounted
$5,400,000.
charge of $800,000 representing
on
the outstanding
Consolidated
preferred
stock; and
raising of additional capital for expansion
otherwise, through the issuance and sale of securities of
(4) To make possible the
purposes
or
consolidated
,
corporation, f '•
-
The consolidated corporation
ization
ferred
shares
the
°f
will have an initial authorized capital¬
consisting of 600,000 shares of $1 cumulative convertible pre¬
stock, with a par value of $10 per share (of which 400,000
are
par
4%
presently
value
of
50
cumulative
$546,545-
120,615
120,569
issuable),
cents
per
income
2,750,000
share,
stock of
$5,200,000 principal amount
due June 30, 1965.
and
debentures,
shares
of
common
14,579
share—
1945—8 Mok. —3944
allocated td min. int. in subsidiary-.
\
i
thermal
from
that
is
efficiency, higher than
internal combustion or
any
Sheet
as
gas-diesel
refund
and
new
of
Federal
plant
is
for
up
was
Finance
sale
erroneously
tion
"The
Aug.
on
by
in
hailed
was
575,000
3,737,313
replacement fund
(depreciated)
and
payable
the
as
$9,100,379
and other current liabs
$1,321,961
30,000
1,999,584
145,000
1,910,000
39,285
11,090
its
declared.
Vernon
being
All
plant
other
for
up
was
one
by
the
sale
Full Time
The
Lefebvre";
President,
activities
and
was
uncancelled
operations
which
buildings
greatest
(no
$2
Seal
&
Stock
of
3,106,721
$9,100,379
__
July
on
of
27,
shares
1945,
(no
of
common
the
approved
par)
stock
common
has authorized the lising upon
share? of $2 cumulative pre¬
275,000
86,270
stock
preferred
shares
of
and
par)
Co., Inc.—Listing—
Exchange
issuance
of
of
and
(no
stock
creation
increased
par)
the
from 586,383
(no
of
or
to
of
shares
held.—V.
162,
p.
877.
4
profit
fitter
Federal
income
taxes for
-
the
cti^s*
taxes
before
28
$105,497
provision
weeks
ended
for
$82,263
Federal
July 14,
1945
$326,840
$310,632
income and excess profits
amounted to $1,000,285 as
compared with $804,501 for the corresponding period of
p. 2442.
1944.—V.
part
are
of
the
Federal
Government
surplus
as
in both
also
on
Aug.
1945—Month—1944
1945—12 Mos.—1944
revenues
$857,836
$855,035
$9,693,304
$8,708,538
expenses
329,793
318,867
3,809,644
3,709,725
176,725
1,861,219
1,031,105
1,199,488
984,953
906,004
taxes
taxes
89,448
185,446
85,508
Depreciation
76,401
75,302
Other
Property
retirement
reported
28
that
satisfactorily,
plants through
,
buildings
Net
oper.
the
to
reconversion
with sufficient
justify planning
balance
of
this
$185,469
Sept.
28
to
per
cents
75-
share
holders
of
per
on
the
share
the
$189,912
1,134
$2,085,332
9,666
$1,862,890
$186,412
$191,046
$2,094,998
$1,872,339
mtge. bonds
46,667
46,667
560,000
560,000
Other int. and deducts..
7,148
1,838
70,429
1,761
$132,597
$1,464,569
$1,310,573
Dr3,367
$142,541
Drl2,986
Cr68,615
Cr261,560
t ' ti
■
$129,230
$129,555
$1,533,184
464,646
$1,572,138
)
507,386
$1,068,538
$1,064,752
Interest
Net
income.
on
income
Transfer from
stock
were
14.—V.
surp. res.
162,
common
record
Sept.
Balance,
prior
on
Dividends
surplus
applicable
to
preferred
stocks
9,449
j
Balance
162, p. 982.
u
*
per
share
on
art!
1945
income
Dayton Power & Light Co.—Earnings-
1944
•
$457,342
424,000 shares capital stock
Period End. June 30—
$563,091
$0.96
$1.33
After
provision for depreciation and Federal income and excess
without provision for renegotiation, but with provision
for price adjustments with the U. S. Navy, Bureau of Ordnance.—
V. 162, p. 132.
taxes,
Gross
A
production of 1,400,000 home radio receivers and 450,000 electric
refrigerators in the first full year of post-war operation has been
set for the corporation's manufacturing division, Frank A.
Schotters,
Vice-President
in
charge of production, told Crosley regional and
merchandising managers at a meeting in Cincinnati, Ohio.
home
radio
in September," Mr. Schotters said.
will
depend
receivers will
"The size of
for
Federal
of
to
upon
the
$5,427,860
_
income
prof,
taxes
start
in
a
Gross
Int.
2,028,413
12,343,446
320,000
1,259,000
1.191.b00
2,927,200
1,001,759
r
921;857
703,000
733,200
2,995,000
428,035
1,695,029
1,687,217
$1,023,469
$621,436
$2,740,137
$2,389,241
4,498
7,393
32,025
19,501
$1,027,967
219,470
income—
fixed chgs.__
$628,829
216,999
$2,772,161
828,302
1,859,565
$411,830
$1,943,860
small
initial output
materials."
i
Net
income
Preferred
divs.
$808,497.
paid
112,503
112,502
450,012
$299,327
$1,493,848
two
peaoe-time
9,706/347
431,843
corp.
etc.,
10,446,806
571,789
273.000
taxes—
3,322,506
232,526
189,204
retirements-
excess
$5,229,495 $22,166,145 $21,166,310
2,539.745
267,601
Net oper. revenue
Other income
our
how fast we can get the necessary
largest Crosley plants in Cincinnati will be con¬
production by that time," he said.
"The other
is engaged in vital war production that may continue for some time.
"One
verted
revenues
Maintenance
Prov.
■'
12 Mos.—1944
1945—12 IV
*
Other taxes
Crosley Corp.—Production Schedule Set—
•/Production of Crosley
1945—3 Mos.—1944
Operation
Fed.
way
422,80?
943
year;
Heath, President of A. O. Smith Corp.,
revenues___
income
announced.
of
528,670
re¬
approp
Gross
6 Months Ended March 31—
Earn,
161,
Dallas Power & Light Co.—Earnings
Period End. July 31
Operating
Operating
Cornell-Dubilier Electric Corp.—Earnings—
profits
.
—28 Weeks Ended—-
July 14, *45 July 15, '44 July 14, '45 July 15, '44
large number of Ohio plants
a
progressing
of William C.
was
payable
net
of
650,000
stock of record Sept.
10 shall have the
before Sept. 25, 1945, for common stock to the
for each six
—12 Weeks Ended—
669.
*Consol.
par).
275,000
number
common
on
snare
one
Period—
de¬
-V.
,
_
701.001
Cushman's Sons, Inc.—Earnings—
the
Government contracts
quarterly dividends
preference stock and 25 cents
declared,
7/708
482,275
$11,101,696
York
hosiers
extent
Operations—
Regular
p.
T8~043
483,558
864,687
4,136:118
shares)
_
right to subscribe,
Other
director
a
2,055,000
shares.
it.-
peace-time
as
145.000
9,277
—■
1',
Cork
notice
of
serve
Mount
Gordon
to
30,000
1,540,563
2657.
p.
authorized
declared.
Plans
$1,014,067
151,137
subsidiaries
(483,558
Stockholders
Vernon, Ohio,
property, which
the Reconstruc¬
by
in
£___
stock
shares
company's plant there
was. added so that Government orders for diesel engines and com¬
pressor units for use during the war could be facilitated, Mr.
Taylor
by
contingencies.
surplus
surplus
New
ferred
Mount
surplus
as
(unsecured)
for
161,
Net
released
owned by the company, he said.
shop is a very small part of
as
1
158,239
income
stock
in
The
and
owned
98,194
214,628
payable
Net
core
listed
>
$11,101,696
official
to
are
The
3,320,537
Corporation.
Treasurer,
plant
61,660
1
'
interest
—V.
only part of the company's Ohio plant which is owned by the
is a core shop which the Government built on
property
it by the company two
years ago," Z. E. Taylor, Secretary;
deeded
275,000
(U. S.
206,721
and
that
statement
a
381,103
routes
Total
heat
efficiency of an auto¬
25%, and various other
much lower, some idea of
the-Government
reported
25,111
100,691
694,282
53,766
any¬
than
denied
24
1,333,592
1,900,735
taxes
Total
Paid
Denies Ohio Plant Is for Sale—
corporation
$1,445,515
1,515,917
(fixed)
Common
velopment in the engine industry in 25 years.
The
1944
2,503,414
27,666
80,944
notes)
Minority
„
record follows by about six months
revolutionary gas-diesel engine by. this
which
of
June- 30
$1,492,045
(at cost)
expenses
Deferred
thermal
greater
efficiency
announcement
at
1945
Crown
the best
not
661
789
herd
Notes
the
engine
$1.10
$1.33
—
county, State and Federal taxes
Debentures—annual sinking fund due Nov. 28—
3%% ' debentures due Dec. 1, 1958—
$1,729,522 $15,394,690 $12,892,443
to
annual
requirement
engine
considered
The resignation
.
motion
is
new
full-time
July 27, 1945, which provides forwith Setay Co., Inc. (N. Y.), and,
its
subsidiary, Republic Pictures Corp. (Del.), and under which Setay
Co., Inc., is to be the surviving corporation (name to be changed as
of the
eifective date of' the consolidation to Republic Pictures Corp.)■will be voted
upon by the stockholders on Sept. 28.
Under the plan
securities are exchangeable for those of the surviving corporation as
follows:
; y •,
.
;
'-'
of
in
before
development of the
commercial
merger, dated
this company
of
it
corporation,
cus¬
Consolidated Film Industries, Inc.—Merger Terms—
The agreement
the consolidation
$646,045
Accounts payable
widely publicized gas turbine, has been accom¬
Cooper-Bessemer turbo-charged gas-diesel engine,
the
a
gasoline
The
the
$3,905,900, and would make no increases to customers in that
Changes because of the proposed withdrawal of certain non¬
increase,
$296,190
___
\
of steam, gas and gas turbines are
importance of this new achievement can be realized."
The highest
thermal efficiency ever claimed for a gas turbine
engine is only 29%.
Thermal efficiency, Mr. Frederick
pointed out, is the engineering
term for the amount of fuel
consumption in relation to the horse¬
power developed.
total of
class.
$344,435
dividends
Liabilities-
the
The
users oi
a
1,714,219
39,421
hand and in banks.
Prepaid
Government
for
rates
of
unchanged.
1,833,752
and equipment
Dairy
$7,479,255
types
classifica¬
residential, religious and charitable
electricity, there would be an estimated reduction in cus¬
tomers' bills amounting to $2,496,800 annually.
More than 10,500,000
bi-monthly bills in the year would be reduced; about 680,000 would be
Users
952,540
Plant rehabilitation &
efficiency is in excess of 40%, Edmund
Frederick, Assistant Chief Engineer, said.
"This is higher than any
thermal efficiency record ever
accomplished by a steam, gas, gasoline,
gas turbine cr diesel engine.
mobile
changes proposed make reductions in service classification No. 1.
of
122,226
965,219
income.____
Investments
company announced on Aug. 24.
The new record
thermal
has
Edison,
record
including
(residential), No. 3 (religious), No. 4 (charitable, hospital, low-costhousing); and service classification No. 2, which covers general busi¬
for
100,721
•
dividends
on
Notes
attained
ever
plished
submitted to the New York Public Service"
Commission definitive proposals for reducing electric rates of that com¬
pany', and also of Westcnester Lighting Co. in the small area which
boroughs
72,478
income
Provision
engine,
stipulated in the proceedings which brought about the merger of
Brooklyn Edison Co. and New York & Queens Electric Light & Power
Co. inco Consolidated Edison Co., Ralph H. Tapscott,
President of
tions
29,836
State
124,801
2,728,359 shrs.
$2,058,033
world
new
thing
As
and
19,948
56,892
&
Receivables other than current-
1.62, P. 877.
"When
ness
exp._
$2,438,817
55,826
Fed.
Post-war
Record—
1.9%.
Reduction of
The
$2,619,939
Marketable securities
Cooper-Bessemer Corp.—New Gas-Diesel Engine Sets
depre-.
corresponding week of 1944, a decrease of 2.6%.
Local dis¬
of electricity amounted to 160,700,000 kwh., compared with
157,700,000 kwh, for the corresponding week of last year, an increase
proposals for Sept.
$1,351,044
on
Cash
87,604,056
Nil
453.
p.
within
98,204
$1,386,495
Accounts, notes & contracts receivable
Inventories
.-
2441.
p.
—
$59,790
4,494
the
cutomers'
$2,340,611
156,519
Comparative Consolidated Balance
352,493
90,284
Period End. Aug. 31—
Sales
—V.
tribution
serves
$2,463,419
51,374
Assets—
'
Sept. 5 announced that System output of electricity
(electricity generated and purchased) for the week ended Sept. 2,
1945, amounted to 165,400,000 kwh., compared with 169,900,000 kwh.
from
$1,299,669
_____
Accrued
The company on
it
$1,289,286
97,208
deductions..
inc.
for
Earned
Consolidated
10,975,87*
Earnings per
$7,251,563
135,285
deductions
shr.
per.
161,
A
of
11,863,871
"■Net
510,000
$6,811,992"
income
—V.
23,489
__
Consolidated Edison of New
for
5,832,488
income
Preferred
'3,883,139
1,975,972
f
above
162,
Total
VN
6,185,751
income
Common
Consolidated Retail Stores, Inc.—August Sales—
$108,116
__
1945—6 Mos.—1944
$7,132,157 $14,327,290 $13,316,486{' .V;:
___
taxes
v,
$83,280
16,395
expenditure
ciation.—V.
Net
$77,608
$124,511
capably staffed to complete this
are
including
Int., debt disct. &
5,672
taxes
profit before write-off
Capital
i
4,951,328
4,520,844
2,226,000
______
139,346
?.
of
revenues
Provision
almost
received
and
Operating profit:
12 Mos.'45
$6,721,708
income
187,337
66,054
have
1945—3 Mos.—1944
exps.,
Other
a
$6,672,646
,_
Income
$264,945
$58,457
profit
"We
so we are now spending
reconversion program which wasf
..$7,475,03-7
sold
depreciation
Other
„_
Income—,
Total
Net
profit—--
revenue
other
Gross
24,440
——
We
ago.
states:
contracts,
our
162, p. 877.
goods
Cost of trade
1944
183,013
securities
Total
of
Subs.)—Earnings—
2,331,824
5,566,000'
1,940,868"
operating revenues
Total
metals' produced—
our
vjajr
completing
months
many
oper.
and
$105
of
in
sales
Cost
(Boston)—50c Div.—
345;502
__
taxes
Portion
Ltd.—Earnings24,255
$241,470
day
a
Period End. June 30—
Net
$2,321,523 of
1953;-at 102;
at
Sales Manager of the manu¬
to become a Vice-President of
He will assume his new position
as
Creameries of America, Inc. (& Subs.)—Earnings—
$39,349,441 $35,792,727 $67,459>353'
20,953,374
18,366,601
40,906,355
1,539,227
1,758,496
3,210,124
Depreciation, depletion & am.ort.__..
Fed. inc. & exc. profits taxes (est)
351,398
-
Estimated
Started
<
stock
has resigned
effective Sept. 1,
Paper Co. of Chicago.
he said.
Cosgrove, Vice-President,
Treasury
Development and operating costs
Non-operating
preferred
1945—6 Mos.—1944
Cleveland fire loss
ex¬
1945
Rasmussen
cancellation
hours
24
$6,"000,000 15-year
redeem
.
-
Total operating revenues
Operating expenses
$658,502'
$330,151
income from
to
*
1,
"C.
100%
22.—V. 161y p. 2441%
Trust
Period Ended Jtme 30—
Net
.
the SEC
161. p. 2441.
Coniaurum Mines,
.
with
Consolidated Natural Gas Co.
9,557
$680,719
_
Quarter Ended June 30—
Tons ore milled-——
Net
981.
available.
are
division,
?Of which
1,318,366
income
Net
Oct.
on
The trustees on Sept. 4 declared a dividend of 50 cents
per share,
payable Sept. 29 to stockholders of record Sept. 15.
This compares
with 80 cents paid on June
30, last, and 40 cents on March 31, 1945.
Payments in 1944 were as follows: March 31, 30 cents; June. 30, £0
cents; and Sept. 30 and Dec. 26, 80 cents each.—V. 162, p. 565.
Other
!
—V.
the
R.
162, p.
H.
facturing
the United Wall
.
1,323,566
and
by
materials
Resignation—Reconversion-
Froducts
continued
promissory notes, due 1945 and
shares ($100 par) 6%
preferred stock
share, and to .pay 3%
pre¬
:
amortization of debt discount
etc., of company
pense,
Molded
installment
Maintenance
interest,
Consolidated
'K
_
now
James
fund
redeem
$2,520,713.
interest-
Balance
of
is a minimum total of
eight-hour shift.
That
;.
.
$2,545,816
amortization of debt discount,
(net), and expense, etc., of subs.
mium
are
pro¬
Corp., Chicago—Registers with
•
interest,
when
^
Net
432,728
,
'
•
Grcss
which
day. This
operating one
per
"Upon completion of our entire reconversion program, 1,800 Crosley
refrigerators will be produced-per day, and in addition to
that, all the home freezers that our sales department can distribute.'*
merger,*, it will be- necessary that it be
the outstanding stock of Consolidated and
two-thirds of
by
collateral
$6,533,077'
3,574,486
3,801,254
retirements
and
day
i
50,000
1944
$6,723,955
earnings
depreciation
subsidiaries,
sets
Shelvador
debentures; 46,000 shares ($100 par) cumulative pre¬
stock, and 100,000 shares (no par) common stock.
The issues
will1 be offered to the public by-a
group-headed by; A. C. Allyn Co..
Inc., Paul H.. Davis & Co.r Central Republic
Co., Inc., and H. Mv
Byllesby & Co., Inc., all of Chicago.
'
ix' :
Subs.)—Earnings—
12 Months Ended June 30—
for
of
of
shares
Prov.
(&
Operating expenses, maintenance and taxes
Provision
is
as well as the present business
engaged in the film, laboratory and accessory
is
company .on* Sept.: 5
sinking
1945 amounted to
'
Gross
its
radio
refrigerators, our Richmond, Ind., plant is in part reconverted)
ready to produce 600 Crosley Shelvador refrigerators per
and
motion-pictures,
which
the
Republic "and
console
radio receivers per day
1,400,000 sets a year.
"As to
one
ferred
236,834,with 253,024,142 for the corresponding week in
1944,
of 16,189,684, or 6.40%.—V. 162, p. 981.
decrease
a
30,
.order
The
electric energy of subsidiaries
show general business conditions of ter¬
the week ended Aug.
distributes
of
produce 4,800 home radio sets per day in the one plant
one eight-hour shift daily," he added;
"When the other
available, we can add to our production schedules an addi¬
600
£,400
corporation.
respect of the outstanding stock
the outstanding shares of Re'nublic
of
tional
means
in
SEC—
per
kilowatt*hour output of
ritory served for
458 as compared
stock-
common
can
plant is
job fast."—V.
Commonwealth & Southern Corp.—Weekly
Output-The
all
as
Consolidated
1
.
.
corporatibn.
will, receive % of
by- two-thirds of the outstanding stock of
Setay.—V.
share- on
the common stock, payable Sept. 21 to holders of record'
Sept, 6.
A 2>/a% stock distribution was inade on May 9, last.
0n>
Sept: 22/ 1944, the1 company paid a cash dividend of 50 cents;
No
stock payment was made last year.—V. 162, p. 245.
•
">
of this corporation adjusted to
issued
business
and
approved
Columbia Pictures Corp.—To Pay 50-Cent Div.—
'
be
inasmuch
and
In
<.
"We
operating
surviving
Corp. which manufactures plastic
products, will be
surviving corporation or wholly-owned subsidiaries.
after
redeemed on Sept. 25, 1945.—V. 161, p. 2657.
bills must be
the
1167
preferred
Setay capital stock will receive
the surviving corporation.?
-
of
present
business,
said
ex
delivered
of
stock of the surviving
will
of Consolidated
1945, in settlement of Exchange contracts made prior to'
1945, must be accompanied by due-bills; and that all due-
11,
24;
Sept.
directs that the capital stock be not
Sept. 24, 1945; that all certificates
Exchange
The
distribution
participating
by Setay.
duces
that a three for one splitup will be effected in the capital stock,
par value, by the distribution on Sept. 21,
1945, of two addi-.
tional shares to holders of each share of record Sept. 11, 1945.
stock
common
Consolidated
of
stock
shares
The
com¬
pany
of no
Sept.
No
cumulative
respect thereto;, including" all rights in respect
unpaid thereon, will receive 13/lOOths of
and
of
4%
cumulative
income
debentures
due
share of $1 cumulative convertible
preferred stock;,
of
of
share
common
$2
amount
one
common
Each
Republic
received
rights in
shares
share of
consolidated
accrued
share
owned
Stock Exchange has
New York
all
1965;
two
Each
.
of
principal
June 30,
Stock Distribution Ruling—
The
share
to-dividends
$100
Liabilities—Accounts payable and accrued accounts, $1,469,410; Fed¬
eral taxes on income and renegotiation, $2,411,688; reserve for taxes!
and other contingencies, $592,732; minority interest in subsidiary com¬
panies, $1,281,793; capital stock (537,406 shares, no par), $21,849,354;
capital surplus, $16,242; earned surplus, $10,825,591; total, $38,446,810.
,
COMMERCIAL & FINANCIAL CHRONICLE
.
Balance
—V.
1
_,
$695,994'
,<
161, p. 2555.
I
450.011
THE COMMERCIAL & FINANCIAL CHRONICLE
1168
1943
1942
$4,195,462
$3,859,657
1,328,865
399,162
$4,294,891
1,125,011
643,364
Net
28,217,621
5,954,459
3,006,507
29,987,494
8,117,547
5,186,906
27,500,656
8,462,106
5,039,621
892,680
income—
oper.
ry.
•
$3,986,300
railway
railway
irom
-
1,366,945
792,826
Sales
—V.
Net
rv.
railway
iro:n
Net
income—
p. 566.
oper.
i62,
—V.
162,
25,866,520
8,909,703
5,091,317
called
been
for
redemption on
Oct.
is
will cut fares Oct. 1 to an
rate on the Delta system,
rate from Savannah to Augusta.
rate between Charleston and Co-
Y.—-V. 162, p. 982.
Gross
3.7
cents
Net
from
ry.
The1'proposed
reductions range as high as 12'/*%, according to
Vice-President and General Manager.
"Several
of our fares have been
well under four cents per air
mile lor several years, and these will not be reduced," Mr. Woolman
said.
"With the new reductions, Delta's fares will be among the lowest
Woolman
E
'
industry.
the
in
fares
.
are
planned by Delta Air Lines when it
inaugurates its new Chicago-Miami route later this year, Mr.' Woolman
also announced.
They are, with mileages and flight times based on
local schedules:
(1) Chicago to Miama via Asheville.. 1,280 miles, 8V2
boars; (2) Chicago to Miami via Atlanta, 1,331 miles, 8% hours;
(3) Chicago to Charleston, C. S„ 817 miles, 6% hours, and (4) Ft.
Worth
Tex., to Miami, 1,479 miles, 10 hours.
Express flights, with
alternate stops to serve various cities, will speed up the flying times
listed, and cut-offs will shorten the local routing.
The Texas-Florida service will be provided by flying Delta's present
route between Ft. Worth and Savannah, Ga., in conjunction with the
southern portion of the new
route, and will result in direct, oneflight
new
patterns
Shreveport,
ditional
into
service
Florida
37,019
23,517
75,944
99,826
2,473,213
2,350,104
549,923
679,049
345,291
389,747
512,332
2,295,416
624,388
456,297
Net ry. oper. income—
—V. 162, p. 566.
Eastern Air Lines, Inc.—Fares Reduced—
Effective
Meridian,
and
well
as
of
the
about
company
follows
rate
approximately
162, p. 878.
V.
of
one
which was put into effect by
makes Eastern Air Lines' travel
in effect before Pearl Harbor.—
6Vst%
1945, and
below that
1,
May
on
24%
Birmingham.
for
12 Months Ended
route,
new
providing'service to 10 additional cities with a population exceeding
4,000,000, is the longest single domestic route to be awarded since
passage of the Civil Aeronautics Act in 1938.
The
route award was dated Aug.
22, 1945, and came two years
after the original application was filed.
/
The
and
route
new
the
a
substantial
up
a
conversion line in Atlanta to
originally intended for the
in view of the war's end.
will set
modifications in
company
necessary
but
for
call
will
available
now
ships
airline use,
for
in
increase
2,280,978
4,646,087
5,188,941
2,844,950
$3,470,771
and
Interest
debt
and
1944
$15,505,881 $15,990,866
-.
$3,310,388
prior. p$ef. stk.
1,108,729
1,108,729
dividends....
$2,362,042
$6.31
$2,202,159
$5.89
taxes...—
4,363,705
——
5,390,427
depletion..—
Depreciation
discount
requirements on 4% %
will
will
be
and
ground
be
employed as
result of the
a
award,
Balance
•
Earned
—V.
on
preferred stock
the
amounted
Eastern Massachusetts
Ry..
oper.
290,647
:
Gross
Other
profit
income
$1,145,988
$164,112
3,949
$188,587
$168,061
$1,170,431
Interest, etc., deducts...
24,891
66,148
24,736
66,801
$1,094,765
25,600
24,443
inc..
175,374
463,776
Gross
...
corporate
Net
Net
income
Net
—V.
1944
1943
1942
$257,899
$260,523
-
$1,120,365
190,488
471,163
30,540
73,894
69,429
113,879
43,213
67,344
94,630
1,782,320
1,879,639
1,753,589
1,413,239
378,253
310,243
487,027
319,878
162,
since formation
from
railway
from railway
Net
Net ry.
—V.
income—
oper.
534,718
437,159
562,680
486,867
162, p. 566.
.
Detroit Edison Co.
(& Subs.)—Earnings—
12 Months Ended July 31—
Gross
earnings from
Operating
and
tion
to
and
for
cruals for
profits
excess
:;tProv.
made
Reduction
dates
of
67,058,359
3,525,000
provision due
to
impounding—
Gross
from
utility operations
a total of $145,565,500.
To June 30, 1945, the com¬
and retired $41,237,500 of preferred stocks at a cost
thereby reducing the preferred stocks to $104,328,000
and the annual preferred stock dividend requirements from $8,433,930
to
$6,056,668, a saving of $2,377,262.
The average • return on the
money so employed is 7.4%.
The purchase of preferred stocks in the
open market can no longer be relied upon to accomplish the retire¬
ment of such stocks at a sufficiently rapid rate or to effect
compli¬
with
of
and
unfunded
American
ordered
funded
to
from
Other
create
fund
a
—
U.
S.
Prov.
for
for
salaries
Commission
above
above
ordered
reductions.
$3,000
schedule
a
per
of
On
year.
June
21,
1945,
the
purporting
to
produce
appealed from
these
orders
and
their
suspended by the Court pending final decision.
its regular charges to operating expenses for
nas
continuing
is
lin
been
1*,ems\
was
$10,450,000
Under Court order, pending final
impounded
June
15,
1945,
during
20%
of
the
cash
last
from
/
reduced
'"Net
profit
*1« ?c"A aaa45i reflect
a
($10,450,000
1944.
electric
above
figures for
reduction in electric
12
months
revenues
ending
of $12,838,643
1C2, p. 781.
Detroit
& Toledo
Shore Line
July—
Gigs;
1945
from
Net
from
Net
ry.
RR.—Earnings—
1944
1943
1942
$295,549
$289,009
$306,730
$332,283
110,822
112,024
134,713
170.163
43,550
49,609
45,381
42,081
income
from
Net
Nei
ry.
railway.
railway
from
2,596,911
1.271,504
2,586,296
2,539,585
1,303,756
1,387,071
2,433,743
1,260,807
income
391,020
412,441
510,179
427,314
oper.
—7.. 162,
p.
6 Mos. End. June 30—
Operating
income——
For
Depreciation
inc.
l ed.
Net
tax,
—
etc
profit
Preferred
Common
—
.
Net
Net ry.
148,415
152,332
8,868
26,288,467
183,130
6,063,241
5,850,974
5,372,747
14,300,000
taxes
tax,
inven.
due
15,000,000
10,600,000
(est.):
less
post¬
losses
to
on
1,600,000
9,224 506
8,532,590
$4.39
$3,66
(110
amortization
week ended
of
&
Light
Light Co.,
were
Services
Co.,
follows
as
Inc.,
Electric
per
162, p.
Power
National
The
&
Power
above
panies
not
(in
&
with
Corp.
the
of
Na¬
1942
,
$2,468,493
97,794
101,815
1,335,720
JDscrcRsc
-
1945
1944
180,387
3,255
1.8
92,431
103,409
10,978
Light Co
do
appearing in
92,733
not
include
both
101,796
the
162,
9,063
inputs
system
periods.—V.
Pet.
of
This
is
$1,030,957
$55,957
stk,
13,069,663
bread
the
to
other
700,000
$0.84
$0.83
war
the
in
investment
Bond
to
the
Services
Share
and
and
operation
is
or
of
Inc.
with
its
knowledge
large
and
stockholders.
development
of
technical
experience
It
is
is
planned
enterprises
in
new
may become financially interested as well
fields and enterprises for investment.
In
to
sell
industrial
and
start
the
technical
enterprises
abroad."
skill
which
of
need
this
such
and
products
the
the
of
foundation
trim
of
for
automotive
sales volume of
panels, deadener
industry.
and
Co.
having entirely remodeled it for this purpose.
plastics division of Fabricon, which utilizes phenol
The
laminating
as
start of the war,
has
materials,
made
impregnated
since the
division
types of retail
strides
rapid
and another recent development is the aniline
which
produces printed
merchandise.—V, 162, p.
materials
Fairmont Creamery
Pursuant to
taken
stock
were
stock.
offered
shares
were
which
as in
services,
this
to
both
staff
it
is
in
Co.—Exchange of Preferred—
holders of its 4,/2%
total of 34,985 shares of 4% preferred
in
stock,
a
by the holders of the 4%% convertible
of the 40,000 shares of 4% preferred
exchange
Accordingly,
to
the
holders
purchased
of
by the
the
preferred stock. 5,015
underwriters. See also V. 162,
convertible
several
456.
...
.
Fall River Electric Light Co.—Earnings—
1945
1944
$1,687,597
$1,658,510
94.491
6 Months Ended June 30—
Gross
operating
revenue
income
Total gross earnings
Operating costs
_
—*
$1,780,929
981,420
49,273
,
_
Depreciation
for
Federal
tax
976,165
4^'H?
170,6791
166,602
.
income
normal
$1,753,001
85,000
__
Taxes, other than Federal income
Provisions
93,332
„_
and
„
„
.
136,364
$34J'2Ia
31.250
x.-„-
144,220
$354,413
surtax
I'Aao
itn
45
-
pro¬
Interest
on
Other
debt
funded
Amortization
of
bond
interest, expense—
Balance
for
Crl42
400
premium
dividends
and
>
—
$322,905
surplus
—V. 162. p. 8. ;
''
'
»
$310,119
t-
non-affiliated
in
the
United
V
has
with
non-affiliated companies.
Mfessrs, Calder and Walker also stated that the
all
Balance before capital charges
the company
the selection
addition,
organization
;
use
wrapping
the company's exchange offer to the
preferred
preferred
for
781.
in
consulting staff
important asset
an
to
re¬
already been made in selling such services to non¬
affiliated public utility and industrial enterprises as is illustrated by
the fact that about 25 % of the present volume of business of Ebasco
•
50%
approximately
manufacture
fiber
convertible
report
accumulated
of
the
tne
felt,
Production
in this line was resumed in' July, the company having purchased the
plant in River Rouge formerly operated by the Consolidated Paper
Prior
was
com¬
points out that if these plans are consummated as filed
the company's remaining assets will consist of "a highly
competent
technical organization built up over a long period of years, an
impor¬
is
700,000
wrappers
Maintenance
its
this company (formerly
Co.), which is one of the largest producers
and other food packaging materials in
Paper
country.
Other
The
Si-
Offered—Baker,
Inc.—Stock
on
the first public offering of shares in
Wax
printed
recently filed by the company under Section *ll-e of the Act
provide "for retirement of all of the company's preferred stocks and
for disposition of all public utility investments in the United States.
After consummation of the plans, company will seek
exemption from
A
V
12,228,202
Products,
Co.,
Detroit
8.9
any
983.
p.
The company's plans for the future provide for use of its assets re¬
maining after conformance with the Public Utility Holding Company
Act "in diversified business enterprises,"
according to the company's
39th annual report made public Aug. 31
by Curtis E. Calder, Chairman,
and George G. Walker, President.
States
$0.86
35,808,029
.•>*'
Aug. 31 offered 28,960 shares ($5 par)
common stock at $25 a share.
The stock is being sold
for certain stockholders' personal accounts.
p.
450,000
700,000
$0.83
29,935,911
12,255,373
10.6
Amount
Aim—
posed
$67,609
2,190,413
75,057,429
26,432,232
'iW-
stock
525,000
700,000
1,874,495
90,464,868
23,569,268
9,945,511
railway
income—
oper.
162, p. 781.
fabrics
Co.—Company Announces Fu¬
Plans—Development of New Enterprises Will Be
450,000
$78,449
1,390,689
93,075,704
railway——
Fabricon
week
177,132
Light Co
figures
and
corresponding
thousands of kilowatt-hours);
Light Corp
&
oper¬
subsidiaries
are
Light
Electric Bond & Share
ture
525,000
share.—
245.
—V.
and
which
Power
compared
as
from
firm
Aug. 30, 1945, the System inputs of client
Ebasco
&
Operating Subs, of—
Electric
$1,042,609
par)
Earnings
—V.
common
Net
$3.38
stock
common
and
American Power &
450,000
525,000
525,000
paid
1,329,372
88,010,641
income,—
oper.
monds &
Services Inc.—Weekly Input—
during 1944
$1,053,449
$57,931
of
railway
railway
from
Gross
and
wartime
1,600,000
Power
$1,032,931
Surplus
Shares
from
from
Net ry.
11,043,307
Power
"Ebasco
$2,698,001
1,557,599
1945
1944
1943
1942
$12,684,167 $13,121,243 $13,759,025 $11,621,002
3,209,294
4,093,638
5,555,714
4,272,344
July—
Gross
31,684,348
income taxes—
profs,
companies
450,000
—
dividends
dividends
$3,336,723
84,029
2,199,245
1943
161,
directors
283,263
325,597
l
income
poss.
the
tional
and
1944
(also
shares.—V.
1,237,500
cents
426,712
consol
282,733
profit
per share
ating
Subs.)—Earnings—
1945
ton
1945).
89,790,495
in American & Foreign Power and cash capital
principally from liquidation under the Act of investments
the company's United States subsidiaries."
$3,656,830
94,680
2,529,219
in
$50,
25,852,872
sulting
(&
renegotiation
$238,419
$0.19
income tax
on
Aug. 29 declared an initial quarterly dividend of
per
share on the new 5%
cumulative preferred stock,
payable Oct. 1 to holders of record Sept. 17. For offering,
see V.
162, p. 133.
The directors also declared the usual quarterly dividend of 25 cents
per share on the common stock, par $10, payable Sept. 29 to holders
of record Sept. 17.—V. 162, p. 781.
V2
31,109,221
credit
American
tant
982.
Diamond Match Co.
$517,942
$0.42
after provision for Federal
charges and
for
1945—6 Mos.—1944
$161,122
$0.13
Elliott Co.—Initial Preferred Dividend—
The
98,956,618
Plans
From Jan. 1—
G.9ss
all
the Act."
railway
railway
oper.
1945—3 Mos.—1944
$233,645
$0.19
share
2218.
62
.
Com¬
revenues
impounded
for
1944
and
$2,388,643
for
1945)
and
a
reduction of $10,792,000 in estimated Federal
excess profits
corseqr mt
—V.
The
11-e
(& Subs.)—Earnings—
——
com.
per
"■After
30,360,239
31,406,548
adjusts,
Ebasco
is to be
profits taxes
accordingly.
plan I of the company's recently filed Section
stock
Electrolux Corp.
2,576,324
charged to operations—$6,152,198
1945, $6,268,370 in 1944 and $6,003,057 in 1943.—V. 162, p. 246.
to exceed $10,450,000)
during the remainder of the year
impounded and electric revenues and provision for excess
be
under
$8,500,000 is reserved to exercise rights to purchase new
of Pennsylvania Power & Light Co.—V. 162, p. 983.
and
Period End. June 30—
C
par
128,275,296 113,067,043
437,979
determination,
of
quarter
receipts
(not
wi.l
not
cos.
tDepreciation
in
the
Company
enforcement
Company
mencing
June 12,'43
$
•****
rates
Foreign Power Co., Inc., American Gas & Electric Co.,
& Light Co., Electric Power & Light Corp., National
Co. and Ebasco Services Inc. which show that while,
instances, income has declined, market value has increased
particularly in the last two years.
had cash and short-term government securities in the
$50,967,496 on June 30, 1945, $31,298,400 of which is ear¬
for use in a capital distribution of $30 per share on pre¬
common
117,603,099
expenses...
foreign
exc.
for
Net
for
possible refunds to customers for 1945;
that the company discontinue
charging as oper¬
provisions for (1) post-war adjustments, (2) accel¬
erated depreciation, (3) pension costs for
past service, and (4) pension
ordered
ating expenses any
costs
therefore,
&
ferred stock
115,643,367
operations
sub.
and
other
$8,441,530
ton
available
company,
of
marked
,
electric
further
The
Act."
company
amount
1,790,543
charges
Provision
customers
for
1944
(affirming in this respect,
after
review,
its order of Aug. 4,
1944), and further ordered that
during 1945 one-twelfth of $10,450,000 be charged to revenues
monthly
and
the
of
Power
most
The
130,065,839
income
S.
May 22, 1945, the Michigan P. S. Com¬
$10,450,000 (less costs of distribution) be re¬
that
requirements
Light
&
-1,987,667
income
Total
$11,022,645 $13,255,448
4,824,301
4,813,868
debt
$6,198,344
figures restated,
mission
to
145,975,671
income
U.
$10,766,092 $13,080,197
256,554
175,251
income— 1
1944
and
sales
from
Profit
Net
fees.
consolidated—.
not
the
developed the more comprehensive program incorporated in the re¬
cently filed plans.
The report contains comprehensive 15-year analyses of the market
value of and the earnings received on Bond and Share's investments in
Mexico,
$
; /
operations
funded
on
1905.
$32,323,882,
147,963,338
Income
—.
impoundings—Crl0,792,000
income
Share in
From Jan. 1—
64,863,384
3,558,000
12,087,000
9,899,000
income
Intercut
*
income
miscellaneous
service
subs,
to
war
Baiance,
Other
and
sales
Other
'
tax
prior to
in
Net
Canada,
June 16,'45 "June 10,'44
$
Interest
„
and
Erie RR.—Earnings—
deprecia¬
adjustments, and ac¬
income taxes-
''
)
Divs.
(depreciation)
than
Bond
of
Co.—Earnings—
24 Weeks Ended—
fCost
current
and surtax
in¬
the reduction in the interest rate on the
to 3% and the loss of income
the company's investments in United Gas Corp.
The report states that "On Sept.- 22, 1941, the company had out¬
standing $30,000,000 of 5% preferred stock and $115,565,500 of 6%
">1944
accelerated
post-war
Kodak
Total
-
Net
by Bond and Share from 6%
provision
wholly-owned subsidiary companies in U. S.,
Cuba, Panama, and South America)
(Incl.
$80,456,450 $93,588,582
_
charges,
retirement
for
all taxes other
Federal normal tax
Federal
utility operations
provision
<"•
$1,458,855.
the disposal of
to
due
$458,714
$531,281
/
1945
maintenance
appropriations
reserve,
$76,524
781.
p.
Eastman
Sales
-
_
of
due principally to
Inc.,
note held
p.
From Jan. 1—
Gross
$97,548
$236,710
99,776
decrease
a
substantially,
1945—7 Mos.—1944
$8,363,039
$8,138,302
5,439,116
5,201,270
1,777,935
1,842,267
282,933
$184,742
3,845
—
and preference
1945
railway
from railway,.,
ry. oper. income—
1943,
in
to
items chiefly responsible for the decrease in gross and net in¬
for the year were loss of income from American & Foreign Power
plans
$305,336
from
has been
The
come
in
Street Railway—Earnings—
1945—Month—1944
$1,222,047
$1,206,420
746,658
759,375
expenses.
Taxes
Ry.—Earnings—
July—
operations
$4,622,479 against $5,441,107 for 1943, a drop of
Although net income was $1,812,646 less than pref. stock re¬
quirements, full dividends, which are cumulative, were paid on the
company's preferred stocks,
thus keeping this dividend record un¬
fEarns.
Gross
period
corresponding
come
Power
Depreciation
Denver & Salt Lake
of
$818,628.
American
make
982.
p.
6%
on
781.
revenues
to returning veterans.
Outlays for flight equipment
installations to operate the new route will exceed $5,-
162,
taxes
State
share
Period End. July 31—
given
000,000.—V.
before
per
162, p.
oper.
Preliminary estimates of the company indicate about 800 additional
personnel
company's past policy
thorough consideration of the courses of action open to the company
compliance with the Act, the plans recently filed with SEC were
decided upon as offering the best opportunities for the future of
the
company and hence as being in the best interests of stockholders "
For the 12 months ended Dec. 31, 1944, gross income of the
Electric
Bond & Share Company was $7,445,370 compared with
$8,904,225 for
ance
income.
Net
Ry.
fleet,
emulov
for
of
1945
;
income
for income and excess profits
Prov.
Army
Delta's
women
the
pany purchased-
Associates—Earnings—
July 31—
consolidated
Total
Dividend
service in 60 or 90 days, if an necessary equip¬
completed in that period.
adding 1,028 miles to the present Delta system and
be
can
The
and
to
preferred stock,
Eastern Gas & Fuel
Delta plans to start
ment
men
,
broken
this corporation reduced passenger fares an
8%, bringing the rate structure to 4Va cents per
reduction
the
return
of "geographical diversification of operating
companies," the re¬
port goes on to state that "under the Act, it is no longer permissible
to own public utility operating companies in the United States
which
are thus
widely separated geographically, so it is necessary that the
company and its subsidiary holding companies undergo extensive di¬
vestment of such operating subsidiaries.
After the most, careful and
Co.,
This
ad¬
as
join
one
20,
Aug.
first time for the cities of Ft. Worth,
Jackson
Monroe,
126,540
2,486,458
484,859
railway
Net from railway
are
carrier service into Florida for the
Dallas.
1942
$403,094
101,642
income...
oper.
from
average
mile.
-
Inaugurate New Chicago-Miami Route—
To
Four
1943
$349,212
48,481
,
,
,
1944
$339,827
59,087
railway
railway
From Jan. 1—
improved equipment and increased business will soon
general reduction to four cents per mile, and three-cent
only a few years off."
a
from
Gross
believe
"We
permit
1945
$348,882
July—
3%-cent
1U
C
next, $600,000 of
1,
Duluth, South Shore & Atlantic Ry.—Earnings-
Net
"lowest
Next
is
the
to
Pointing out that the
have
There
first mortgage 3lk% bonds due Oct. 1, 1962, at 105 and interest. Pay¬
ment will be made at the office of J. P. Morgan & Co. Incorporated,
the
effect,
in
extended a formal welcome to
the nation's armed services to
company
left
the
organization. "The company's program envisages an expansion
of operations and a particular effort will be made to
give qualified
returning veterans an opportunity to fill the jobs thus created "
tion—
corporation on Sept. 1 announced it
of 41/2 cents per mile.
The lowest
The
The
of
sinking fund agent, '23 Wall St., New York, N
average
proved, the assets which the company proposes to retain will nroviriP
opportunity for profitable future endeavor Consistent with the caDit'U
ization of the company after the retirement of the preferred
stocks "
who
Reduce Its Fares—
Delta Air Corp.—To
already
$827,030
877.
p.
Duluth, Missabe & Iron Range Ry.—Partial Redemp¬
railway
from
1944
of August—
655,588
From Jan. 1—
Gross
1945
$997,707
MoAth
-
1944
1945
from
Grots
Net
Diana Stores Corp.- -August Sales Increased 20.6%—
Hudson RR. Corp.—Earnings-
Delaware &
July 1—
Monday, September 10, 1945
recently filed plans
"of necessity, involve a drastic change in the size and scope of the
company's operations but we believe that if the plans as filed are ap¬
Farnsworth
Television
&
Quarters Ended July 31—
profit
Earns, per share on 1,411,997 common
'''
estimated
applying
reconversion.—V.
$0.19
$0.18
shares
♦After
tAfter
Corp.—Earnings1944
1943
*$251,901
*$276,654
t$2lo,7UJ
Radio
1945
Net
taxes
actual
162,
and
reserves
taxes and
p. 878.
for
renegotiation
possible r®neg°*<.?\£ar
reserves for posi^
Number 4419
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
Federal Machine & Welder Co.—Earnings—
convertible
made
Earnings for Nine Months Ended June 80, 1045
sales
Gross
profits
*Net
*
_——--—■—
estimated
After
renegotiation
-
liabilities,
'The
and
income
„
net
capital* of
working
.
.
the
>
and
excess
..
$3,462,809, subject to year-end adjustments.—V.
profits
tax
1945,
was
June
30,
161, p. 2443.
2
to
C.
up
Net.
as depositary,
16,689 shares of the Trust.
This was approxi¬
mately 52% of the 32,200 shares outstanding, or less than the 75%
specified as a condition of the offer, and accordingly the offer failed
of acceptance and has expired.
However;, states Mr. Benton, "we have been, and still are, in com¬
munication with the trustees of the Trust who, as holders in their
individual
capacities
of
shares
the
of
Trust
and
in
association
Total
Call
Prov.
us
to
as
further
developments.
entitled
course
have
to
his
But
each
and
$9,608,105
$8,133,603
$7,075,563
profit
336,609
974,072
bonds
$6,822,922
bonds...
$6,853,471
bond premium and
exp.
Federal taxes on income
_™__
37,406
First
National
profit
Depreciation'
to
Scheduled
4,670,000
and
..
.
Fed.
income
taxes..
1409,794
profit
outtsanding
$558,497
$1,786,806
243,615
249,755
326,000
profits taxes.
$1,293,124
exe.
326,000
326,000
gives
1189,953
soon
$533,557
Per share of com.
Many
>"
for
of
built
early
* '
■
!"
*
distribution
music
Florida
East
Coast
818,568
$0.65
$0.77
1945
Gross from
railway
from railway
ry, oper. income...
Net
818,568
$0.72
the
frequency
are
variety
a
of
portables,
$2,564,563
$2,195,745
$1,586,264
410,269
774i216
1,356,816
808,461
657,934
19,143,025
20,538,854
20,619,942
10,699,083
7,590,425
9,538,802
9,459,761
3,331,535
4,206,673
6,419,792
4,372,927
3,528,963
984.
p.
Fonda, Johnstown & Gloversville RR.—Earnings—
Period End. July 31—
total
rwy.
oper.
1945—Month—1944
$71,066
$554,013
$524,729
52,607
Net
rev. fr. ry. opers.
Federal income tax
Net
47,444
363,937
334,983
$23,622
$190,076
24,948
i
oper.
Other income
893
13,748
7,486
$18,531
$109,380
$158,473
19,512
16,677
21,399
$31,257
$35,208
deducts.
3,853
3,744
total
fixed
1,441
2,071
11,995
15,763
2,260
2,259
15,818
15,818
charges
on
.™
$23,703
$27,134
$88,159
and
162,
3,031
21,193
21,101
.
the
those
by
*
Period—
income
Federal
1
-
before
28 Wks. End. Cal. Year
-
-
taxes..
1944
—$6,312,542 $10,421,678
726,585
985,937
465,201
688,243
>
——
new
tion
$261,384
-
$297,694
On July
14, 1945 the excess of current assets over current liabilities
$1,113,294 compared with $883,750 on Dec. 31, 1944.
E. Reinhold, President, in a letter to stockholders states that
expansion of sales of dairy products to civilians is shown to be. greater
than loss of sales to the Armed Forces
by a net amount of $756,490
for first 28 weeks of 1945 as
compared with the first 28 weeks of
1944,
Mr, Reinhold emphasizes the intensive sales promotion cam¬
paign which has been conducted with the view to building up normal
commercial sales, in the interests of expanding operations quite apart
was
Paul
from
war-created
Acquisition of
business.
'
""
" \
:
dairy products unit in both Miami and St. Peters¬
burg during the first half of 1945 is characterized in Mr. Reinhold's
as
being "in keeping with Foremost's long established policy of
seeking opportunity for growth and development not only through
increased sales in communities
already served, but also by taking
of
every. favorable
opportunity
plants."
for
acquisition
of
new
Mr.
to
holders
on
$2,000,000 Debentures Privately—
report
will
of
to
debentures
to
vote
the
issuance
of
$2,000,000 secured sinking fund
life insurance company.
Of the
present mortgage indebted¬
ness, to acquire not less than
70% of .the outstanding capital stock
of Southwest
Dairy Products Co. and for working capital and other
be
sold
Proceeds, $600,000
corporate
on
at
would
purposes.
par to a
be used to
Southwest
retire
Products Co., and its whollyowned
subsidiary, Dairyland, Inc., operate a milk and allied products
business in Dallas, San
Antonio, Houston, Sulphur Springs and Cle¬
burne, Texas, and Shreveport, La.
Of the debentures, $750,000 would
bear
a
sinking
3%
interest
rate
and
Dairy
balance
the
fund would be
$130,000
a
a
4%
interest
rate.
The
year.—V. 162, p. 568.
Fort Worth & Denver
City Ry.—Earnings—
July 1—
"
Gross from
railway
1945
.
Net from
Net ry.
oper.
588,280
income
From Jan. 1—from
income
p. 568.
-
General Aniline
It is
announced
the
to
as
be
are
-
of
now
with
the
SEC
Ry.
•
registration
a
$2,006,506
1,192,761
468,192
$1,653,158
948,847
496,696
$1,165,219
673,093
582,893
9,786,124
2,953,861
9,488,967
8,468,834
4,010,319
929,670
1,842,935
4,214,623
2,139,586
•
-•
.
..
& Film Corp.—Calls
I.
Debentures—
G.
Chemical
Corp.
1, 1945, -nil
guaranteed 5YzVo
the
162, p.
situated
line
when
on
Long
Island
added:
home
appliance
and
Act
.
the
ink
the
and
raw
that
near
Further
.future
into
ready
will
be
in
manufactuer
be
several
occupancy
of
it
ry.
of
acres
land
Elyria-Milan
will
before
be
the
about
plant
the
Wilson
Net
of
be
the
floor
The
will
area
The
first
Prov.
New
the
is
best
at
Elyria
started
connection
potential
the
first
at
provide
to
be
and
of
Pontiac,
three
of
length
of
the
the
future,
$53,286
$90,175
216
333
1,427
2,323
$7,094
$51,859
$87,852
income..
$84,377
"
5,796
will
be
for
used
previous
amort,
years
debt
of
profits
war
for
224,824,578 207,892,543 181,247,058
159,118,625 144,677,099 120,983,037
20,644,732
18,734,369
16,131,524
3,500,190
2,992,929
2,248,157
discount
f2,111,320
t229,167
taxes
&
contract
prices,
studies
are
the
square
feet
of
4,006,000
5,244,308
5,573,879
25,905,627
18,987,791
31,149,9351,030,077
1,303,255
on
preferred
common
24,361,670
28,816,603
22,879,965
stock
1,030,077
stock
1,303,255
at June 30
in
36,543,016
U. S.
651,628
and $1,039,532 in 1943 not
relating to
$1,202,914 in
1945
and
$250,501
in 1943
tl945 includes $97,600 and 1944 $97,600
§Ox" which
-
$554,470
is represented
.
,
Balance
Sheet,
.
>
.
June 30
12,850,187
3,381,553
Treasury savings notes......
♦Trade
securities
accounts
and
1944
Other
accounts and notes receivable
Post-war refund of Federal excess
profits
and
items
under
U.
S.
(1944
refund
includes
of
foreign
Federal)
excess
addi¬
Total
...
64,499,283
Gov¬
profits
1,042,602
1,964,726
2,003,026
2,133,542
278,122
4,764,250
49,522,708
t 768,729
tax
tCapital assets
Prepaid insurance, taxes, etc.
Debt discount and
refinancing charges
Leasehold improvements & ether deferred
chgs.
GM coaches.
1,038,974
1,687,262
55,501,167
ernment
contracts, per contra
Investments, advances to other companies and
miscellaneous receivables, less reserves
Post-war
...
495,045
47,857,577
816,132
tax..
•
reimbursable
16,124,121
46,413,860
receivable
Inventories
Cash
$
315,315
....
notes
-
-
1945
Marketable
now
on
Sept. 4, reporting consummation of the
Printing Ink Corp. stated that sales of A. C.
1,030,077
1945
tlncludes
amortization.
Cash
of
of expansion and diversifica¬
-
$
....
57,149,748
979,743
602,417
368,764
392,486
r
884,237
183,394,898 190,445,678
LiabilitiesNotes
Bank
to banks, under Federal Reserve
payable
Regulation
loans
now
V
(with
20,000,000
respect to
foreign operations
terminated)
Accounts
650,119
liabilities
tProvision for Federal and
foreign income taxes
Deposits
under
U.
S.
Government
contracts
and related
liabilities, per contra..
2%%
first
414%
22,644,655
3,193,092
3,026,508
315,315
4,828,421
1,042,602
and 3%
Reserve
mortgage bonds, series due 1965™
first mtge. bonds, series due 1956
for contingencies
:i
....
Reserve
for
pensions..
Reserve
for
other
$5
cumulative
preferred
Total
surplus
35,000,000
stock
;
1,964,726
f
26,659,000
11,165,142
900,000
I..,
purposes
flCommon stock
Earned
:
¥' 633,052
23,614,402
payable
Accrued
Ink
program
30,773,000
2,000,000
38,876,348
Consolidated
The
360,000
32,729,000
33,254,804
1__
on
$648,606
>
■
32,099,000
1,500,000
....
relating to that current year.
by treasury common stock at cost.
large
assembly of
464,731
less
5,621,544
§Earned surplus
'
production
tl,072,730
renegotia-
contingencies........
year,
976,624
1538,214
foreign income &
Dividends
♦Includes
1943
-
--
222,530,675 206,273,349 179,161,773
*2,293,903
1,619,194
♦2,085,285
charges
Dividends
ago—and
development
manufacturing
General
&
surplus
current
1944
'
expenses..
surplus at Jan.
Total
year
announcement
1945
income
Earned
for
a
Subs.)—Earnings—
____
admin,
Fed.
of
Net
necessary,
Printing
to
the
.
an
$7,427
deprec. & amortization...
accelerated
activities, this corporation has acquired the
Co., an important producer of paints, varnish and allied
products. \ The Horn company
will be operated
as
a
division of
General Printing Ink Corp.
'*
,,>-7.1
In
6,745
$3,198
&
Provision
time
Horn
consolidation,
$46,541
9:28
Assets—
of
eight
with
Mich.
approximately
used
Marking the initial step in
C.
$6,499
1,118,700
781.
&
for
tion
be
will
Corp.—Acquires A. C. Horn—
Change in Name to Sun Chemical Corp. Proposed—; ^
tion
$3,227
!
post-war* credit
of 2,400 units.
The expansion at this
according to Mr. Douglas, to meet the replacemnt needs of our national and local transportation systems whose
present rolling stock is definitely on the age side.—V. 162, p. 568.
made
14,383
goods sold.
excess
machining parts, while the second
floor will be used for engine
assembly and testing.
The new engineering building will house
spacious shops, engineering
laboratories
and
experimental departments on the first floor, with
drafting rooms and offices on the second floor.
All coach
production, including city service type and parlor car
type is concentrated in the GMC factories.
The new
plants will
make possible an annual
coach volume of about 4,500 as compared
time
19,729
57,208
14,005
______
new
floor
20,188
187
refinancing
Other charges
buildings which will be underway in the near future
engine plant 600 feet long by 420 feet wide and a new
engineering building.
The new engine building will be a two-story
structure and will provide
approximately 500,000 square feet of space.
a
2,750
7,007
1,962
54,960
1,988
$3,414
income
Of
for
additional
include
21,261
2,839
8,610
income.
and
Pontiac Addition—
on
plant
which
21,871
(discounts, transportation
Prov.
the Buick Motor Division.
for
wide,
2,979
$1,348,712
(Fed.
applicable
gen.
Construc¬
•
market
to
tional
1945—-7 Mos.—1944
33,054
tax deduct.)™.,
income
Interest
buildings which will
building on which
already has started is the new assembly building which will
one-story steel and brick structure, 720 feet long and 540 feet
a
V
34,657. ;
(net Or)
from
sales
Cost
-
-
broken
the
Placed
$1,347,423
1,155,201
.....
;
Stepping tip the tempo of its reconversion and expansion plans,
iii
M. D. Douglas, General
Manager of the GMC Truck and Coach Divi¬
sion of General Motors, announced on
Aug. 24 that ground already
added
Stock
$185,594
159,675
4,722
income
162. p.
Other
has
being conducted by
been
"Hornac,"
4,951
not
-
studies
contracts—in
Starts Work
W
1945—Month—1944
and excise
has been developed
it has been announced
outgrowth
said
Co.—Common
$190,942
166,251
(B. F.) Goodrich Co. (&
undergone extensive flight testing for six years
and is considered an
important contribution to aircraft development,
i
The. new engine is a radial
type having four cylinders and operates
on
the two-cycle
principle.
Mr.
"Hydratite,"
568.
p.
6 Months Ended June 30—
rated at 200 horsepower,
military robot planes.
engine
company's paint products
Its products include those
RR.—July Earnings—
interest
—V.
-
The
Yo..;
New
manufacturing
(Including Statesboro Northern Ry.)
income
Sell.,
on
road.
same
by the Research Division of this
corporation,
by C. E. Wilson, President.
Designed for installation in private air cruisers
war
Florida
&
oper.
Surplus
be produced in Syracuse."
can
aircraft engine,
an
Rubber
these
months
and
products
is
162,
Motors
Develops New Engine—
engine
subsequent
&
.™-
Deducts,
is planning to turn over the
by the Brown-Lipe-Chapin Division,
Radiator Division, which will
produce car heaters,
similar products.
This multiple-story plant is more
will
new
the
related
"Vulcatcx,"
"Keratyn."—V.
Tire
rents
Gross
operated
new
of
names
1938)
rents (net DrK_
Net
manufactured.
General
for
trade
of
Non-oper.
of.
now
before the
r.re
resins, pigment;
research laboratory
somewhere
expansion
ere
on
consolidated
a
paint groups
opportunities
materials,
General
and
accruals
facil.
con¬
materials
feet
that
"It
Houston,
City,
Unemployment
Equip,
9.
175
the
near
said
to
Pres¬
own.
at
3,076
tax
Jt.
a
Syracuse,
and
A.
that the corporation will redeem on Nov.
outstanding American
5,373,040
2,127,180
1,633,211
in
its
plant
in
Quarterly Dividend Basis—
RR.
state¬
manufacturing plant near Elyria, Ohio,
E. Wilson, President.
It will be
will produce products similar to
Syracuse, N. Y.
be
products
General
railway......
Net ry.
oper.
-V. 162,
°t
200,403
'
so
stations
Harrison
with
1942
-
Gross from
railway.
Net
1943
1944
$1,646,171
railway
of
main
start
the
work
is
accompanied by a notice calling a meeting of the
preferred stock at the company's Jacksonville, Fla., office
Sept. 4
will
RR.'s
Wilson
at
the
had
To Sell
FM
are
available.
The plant
will
manufacturing floor space and an
It is expected that the plant will be in full
operation in about a year and that it
will, when operating fully,
employ approximately 2,000 people.
Hub caps, bumper guards, grilles
and
be
The
to
new
is
continued:
common
.
an
in
prewar
400,000 square
administration building,
'
a
a
Co.
increasing research activities
Period End. July 31—
Railway oper. revenue.
Railway oper. expenses.
Ry. tax accruals (reg.)
Ry. tax accruals (Fed.
RR.
Taxing
Act
of
will
Aug. 30 by C.
division which
include
letter
advantage
on
plant
work
A new
profit
addition
of
through department stores.
the
—
taxes
in
Horn
effective
new
produced
The
:
Net
receivers
where
said,
parts than the products to be
manufactured at Elyria,
according to the announcement, which further
July 14, '45
sales
Net
30
generally.—V.
erection
a
defrosters
Foremost Dairies, Inc.—Earnings—
;'*
'
C.
both
1937)
Aug.
making of
suited
Net
Kaar
be
upon
announced
plant
equipment)
671.
p.
were
occupied
$124,606
3,313
(way and struc¬
tures
—V.
15,565
a
Total
for
similar
Net income
Deprec,
$171,752
funded
debt
than
financing in t the automobile,
field
York Central
Misc.
int.
wholesale
Plans
13,279
-
$130,779
14,808
Conting.
standard
other
Mr.
General Motors Corp.^—To Erect New
Plant—
23,787
1,385
income
receivers,
registration under the Securities Act of
offer by the company, holders of common
Stock of record at the close of business
on Sept. 7,
1945, or such later
date on which such
registration becomes effective, shall have the
right
to
subscribe,, on or before Sept. 19,>1945, for preferred stock, of $100
par value, to the extent of one share
for each 20 shares of common
stock held.
The subscription price and terms of the
preferred stock
will be determined
shortly before the offering is made.
The New York Stock
Exchange has directed, subject to the offeringbeing made, that the common stock be not
quoted ex-rights until
further notice and that all
certificates delivered after the record date
as
finally fixed by the company must be
accompanied by due bills.—
V. 162, p. 878.
•>'
7
42,000
$11,745
income.
ry.
Total
.
-
3,830
rents
with
to
$189,746
4,198
$22,959
6,000
taxes
Net
1945—7 Mos.—1944
$75,566
revs...
Rwy. oper. expenses.™
Other
.
under
;
are
will
1933. and the
from
162,
Curtis
Contingent
same
,
Georgia
General Mills, Inc.—Rights to Subscribe—
723,789
365,407
of
from
area.
of
$2,000,000
price
credit
the
quarterly dividend of 25 cents per share has been declared on the
common stock, par
$5, payable Sept. 25 to holders of record Sept. 15.
Payments of 50 cents each were made on this issue on June
25, this
year, and on April 17 and Dec. 29, 1944.—V.
162, p. 781.
15-year 3%%
debentures.
Paine, Webber,
named as principal underwriters.
The public
supplied by amendment.
Net proceeds will be
applied to the development of additional retail
&
of
A
table
Corp.—Registers Debentures—
filed
1942
255,964
railway
Net :from railway
Net ry. oper. income
—V.
covering
Jackson
sumer
1943
A.
contemplated
established
General
162,. p. 878.
corporation
ment
and
1944
$1,986,368
modulation
combination
use
in
cities
offering
From Jan. 1—
Gross
The
161, P. 1878.
Ry.—Earnings-
July 1—
Net
818,568
$0.68'
-V.
is
distributed
on
■
a
in
operating.—V.
$629,790
818,568'
stock
tAfter post-war credits
products
construction
statement
main
vastly
"China-Flat"
t581,262.
$590,527
the
is
sold
after, I. J. Kaar, Manager of the receiver
division,
General Finance
Net
Com. shares
It
be
manufacture of home radios on Oct. 1 and
production of television and
frequency modula¬
start
recorded
immediate
326,000
t598,659
■
oils.
are
;
new dimension in
enjoyment.
sets, available some months after initial
production
receivers, will range from the smaller direct view receivers
large-screen sets.
•
236,412
for
Television
*
be
$1,751,598
ahead
were
In addition to its lines of
paints and varnish, A. C. Horn produces
technical coatings,
water-proofing materials and various materials for
the protection of
surfaces.
Some of the
models, consoles, radio phonograph combinations and
farm sets.
All radios will
incorporate new features which will give them an
efficiency not achieved in prewar sets, Mr. Kaar said. The
phonograph
combinations, he added, will be equipped with the
recently perfected
electronic reproducer which almost
entirely eliminates needle scratch
ac-,
1942
1943
1945
will begin
company
preparing
tion receivers
-
1944
$1,522,966
228,675
____
Federal
'
of
^
has announced.
Stores, Inc.—Earnings—
1945
$5,600,000 and profits before taxes
disclosed that' the Horn
company's
Printing Ir.k Corp. shortly will be askedto vote approval of a
change in name of the parent company to' Sun
Chemical Corp., which will more
correctly reflect its broadened busi¬
ness.
Thereupon, General Printing Ink and A. C
Horn will become*
divisions of the new corporation without
change in personnel in either
division.
.
69,816
5,620,000
for
plant of
planned."
Stockholders of
___™
94,365
6,950,000
radio
Quarters End. July 1—
to
was
first half
the
products
the
metropolitan
85,986
74,500
the
in
open
lines
$5,867,690
71,006
63,522
red
call
companys'
will
26,390
20,546
with
main
and
$5,841,301
30,549
now
income
The
;
is
companying papers promptly returned to him, if he so desires; and
we
shall be obliged to any who so desire if
they will at. once advise.
State Street Trust Co.. (State and.Congress Streets, Boston,
Mass.) to
that effect."—V. 162, p. 781.
Net
The
833,221
-
it
>
the
York.
derived
401,042
653,068
.$8,540,442
mortgage
on
also
The
"Since
*
amounted
addition,
production of Horn
plans
New
mach.
facilities
war
permit
Texas.
237,317
2786,
depositing
certificates
289,772
414,595
oh
1944
In
connection
ent
General Electric Co.—To
Begin Radio Manufacture—
thought that under the circumstances shareholders who have
their shares will prefer to have their certificates and ac¬
companying papers remain with the State Street Trust Co. until they
of
to
427,748
...
$8,560,988
1st
1943
$8,447,064
1,134,183
...
is
is
1944
887,377
for
consolidation, General Printing Ink, one of
the largest makers of
printing inks, plans to expand its manufacturing
facilities in Norwood, Mass.,
Chicago, San Francisco and Los Angeles
$1,378,601 , $1,125,058
$1,041,888
Note—Income has been adjusted to reflect
estimated renegotiationliability on Government business.—V,
161, p,
deposited
heard from
Co.
$514,000.
profits before taxes in
period of 1944.
,
Net
then stands.
have
of
for
Horn
redemption
$9,310,752
$11,020,410
984,558
exps.
(neti........
premium
Amort,
with
declined to deposit their shares. These
communications have developed alternative possibilities which are now
under discussion, between, ourselves and the trustees.
One of the pos¬
sibilities is that we may decide to allow a further period of
time, for.
shareholders who wish to do so, to obtain $93 per share for
their,
shares.
We expect that by not later than Oct. 1, 1945, our discus¬
sions
with the trustees will have so far developed that a definite
proposal can be made to the shareholders. In any event, not later than
that date the ^shareholders will be informed of the situation as it
shareholder
1945
gen.
income
on
the
on
(& Subs.)—Earnings—
sales.........
amort,
income
Interest
number of other shareholders,
"It
on
operating
Other
Payment will be
trustee, 55 Wall St.,
In
equipment
&
100.
accrue
>
service, adm. &
charges (net)....
Deprec.
Aug. 31, the closing time under its offer for shares of the
there had been deposited with State Street Trust Co., Boston,
at
York,
to
cease
-
Cable Corp.
profit
and
Mass.,
a
984.':
p.
shall
Net
operating profit..
Deprec. & amort, on plant,
p.m.
Trust,
May 1, 1949,
City Bink of New
Interest
Product
letter to depositing shareholders of Business Real Estate
Trust,
Benton, Treasurer of Wm. Filene's Sons Co.,. states that
a
Y.
6 Months Ended June 30—
Gross
(Wm.) Filene's Sons Co.—Offer Expires But Negotia¬
tions With Certain Holders Are Still Proceeding—
In
due
National
General
-
Other
Austin
debentures
The
York, N.
date.—V. 162,
...
at
company
at
New
$26,414,000
747,859
—;
—
1169
10,885,947
L 530,000
1,709,069
2,223,513
24,721,860
44,025,837
44,025,837
36,543,016
28,816,603
24,721,860
183,394,898 190.445,678
♦After reserves for doubtful accounts, discounts and allowances of
$2,595,799 in 1945 and $2,189,833 • in 1944. vtReal estate, buildings,
machinery and equipment at cost, after depreciation, amortization and
special reserves of $59,898,759 in 1945 and $56,479,610 in 1944.
tineludes excess profits taxes and
renegotiation of war contract prices,
after deducting U. S.
Treasury savings notes of $65,411,458 in 1945
and $70,245,552 in 1944.- ^Authorized
4,147,154 shares; issued; 1,314,296
•i"
CHRONICLE
THE COMMERCIAL & FINANCIAL
A-. n9 070
of
There
asse",'
namely goodwill, patents and trade$57,798,001V. 161, P. 2556.
Gross^earnings^
Operating expenses, maintenance and taxes—
Provision for. depreciation and retirements;
Rubber Co.—Earnings—
domestic and foreign subsidiary companies)
Goodyear Tire &
(Including
6
1945
Months Ended June 30—
amortization
Interest,
mium
discount,
subs
debt
of
interest
$433,946
r-
$424,722
—
„
225,647
sales
of
Cost
4S«'2ca L'?
332,?5?'S?I
8,149,412
28,390,136
& amortization provided—
Selling admin. & general expense—
Interest on funded & other debt—
Divs. & equity in undistrib. earns.
of subs, not wholly owned
JU. S. inc. and excess pofits taxes
Deprec.
$198,311
37,620.000
3,672,618
3,653,168
Foreign inc. & exc. profits taxes—
Prov. for post-war rehabilitation of
equipment.—
post-war property adjust. (.
Prbi*.
for
2,500,000
j
for contingencies
Provision
(
3,000]000
1,530,885
the
'
Extending
Balance Sheet,
$23,316,676;
accounts and notes receivable
(after
$5,843,076), $49,908,736; termination accounts
as
standing,
$17,439,607; termination accounts pay¬
$69,734; foreign bank overdrafts, $818,858; provision for United
and renegotiation of war contracts (after U. S. Treasury
notes of $84,946,053), $9,403,485; provision for foreign taxes (after
tax
Government
dividends
and
certificates
reserve
of
$5,987,883;.
$201,250),
$67,726; advances and accounts pay¬
contracts, per contra, $30,415,954; first'
mortgage and collateral trust ZViVc -2%% bonds, series A, due Dec. 15,
under
able
U. S.
2109.
aircraft
will
be
of both
free
Net
from
Net
ry.
1,058,374
Net ry.
—V.
...
Net
from
Net
ry.
commenting
on
administration
planning
to
the negotiation Mr. Frazer said, "The main plant
building at Willow-Run are ideal for our needs.
begin the initial production at Willow-Run of
will be American-sized in the popu¬
automobile, which will be in the me¬
price
"We
■
tion
Mr.
for
our
the
in
Rototiller
also
manufacture
that
area.—V.
(W» T.)
said
of
that
the
that
and
way
which
does
the
work
of
the
plow,
disc
and
operation."
one
Frazer
under
•
also planning to utilize part of Willow-Run for the produc¬
new Frazer
'farm-rite'" tractor and all-purpose farm im¬
are
of
plement,
harrow
bracket.
plans
Kaiser
of
car
additional
the
plant
Kaiser-Frazer
the
on
Pacific
facilities
corporation
Coast
being
were
sought
in
The New York Stock Exchange has authorized the
listing of 150.000
of 3^4%
cumulative preferred stock (par $100), and
2,381108
shares of common stock
(par- $5) on official notice of issuance pur¬
suant to a two-for-one
split-up of the issued shares of common stock
89,100
49,848
Shops,
its
Inc.
(of
Calif.)- -Plans
620,705
272,356
1,299,785
78,390
Nationwide
broad
policy of expansion on a national scale, this
plans to. open 35 large, centrally located stoves in
key
throughout the United States.
In
making the announcement,
Hjnian P» Kuchai, President, said that the new stores would be
corporation
ated
under
The
to-wear
ana
name
apparel
to be
soon
at
made
present
stores
in
chain
of
prinicipal
the
a
cities
of
first
Paso,
of
that
women's
California,
new
where
this
stores,
Mr.
ready-
that
the
has
company
will
be
said, will be located
begin
in
January.
It
will
open
to
in
is
the
public in March, 1946 being negotiated.
xz was also stated that in
addition to expanding
nationally the comcontinue to strengthen its
position on the Pacific Coast
New stoi• es. for vlnch leases have
already been signed, will be opened
In Los Angeles,
Alliambra, San Bernardino. Hollywood, North Holly-
A number
>
of
leases
in
also
,,n California-
n
excess
f. ?rking capital at the
profits tax
refund,
*"*rea£ Northern Ry.—ICC
The
and Bel-
C°Sany 1°/ the 10 months ended July
T09
fnMSnfi
jnJudmg. an
Also, four larger stores will be
smaller ones in Los Angeles, Pasadena
VedeCalif
.
are
-
'
r
other cities
Interstate
Commerce
was
31.
end of that
$2,449,299.—V. 162,
1945,
period.
p.
672.
Authorizes Loan—
Commission
on
Aug.
29
Aug.
disclosed
radio
that
the
electronic
and
,
The
by
the
notes for $3,825,217 to help finance the
cars
p. 984. vff
Greeto Bay &
1945
railway.—
railway
oper. income..
From Jan. 1—
Jross
fet
from
from
diesel
locomotives.—V.
162
In
1942
$234,234
46,450
$245,390
$246,155
$193,650
53,161
100.876
55,782
22
5,849
66,327
23,172
1,613,954
1,665,098
1,296,579
413,051
1,569,436
595,911
113,715
379,915
201,482
.
railway
334.894
income—
672.
52,485
common
confirming
entered
also
for
common
stockholders of
in
two
;
Sale?
31—
-----
Th« company
i49 iU the same
the Rhode Island Foundation.
408,060
1945—Month—1944
1945—7 Mos.—1944
$5.028,589 $5,322,333 $35,948,774 $35,010,857
as
to
mfg.
President,
Jr.,
earnings
an
of
Hampton
outstanding. ,
\
offer, Mr. Little stated that
agreement whereby some of
,.
"
as
J
/
,
trustee
,
he
has
the
American
Thread
Co.,
it
was
stated.
P.
S.
Co.,
Fabrics
Division,
will
continue
to
be
operated
change ,in
policy or management, said Mr. Little.
Inc., is in no way connected with this transaction and has
or
obligation as a result of the negotiations, Mr. Little
emphasized.
Mr. Little is President of Textron, Inc.
Textron,
option
Directors
of
the
Hampton
Co.,
signified
their
in
a
message
accompanying
the
terms
of
mend
acceptance of the offer.
The message also states, "It is pro¬
that the following directors will retain their present positions
if
the
the
stock
President
against
148,261
148,749
Aug.
on
31
1941
being
are
supply
sugar
in
a
letter
the
to
stock¬
the
and
This
usage.
adversely
present
affected
by
industrial
the
ex¬
quota
sugar
sugar
advertising expenditures in preparation for this expansion
and
increase public acceptance
of Hires in this
161, p. 2447.
the
for
dividends
Trust
.
Co., 22 William St.,
Payment
trustee,
will
115-West
inc.
be
made
Monroe
from
New York.
at
St.,
the
on
N. Y.—V.
161,
p.
1772.
1945, at 101.'/2 and
Oct. 1,
series A,
bonds,
Harris
Chicago,
Trust
111.—V.
losses
&•
160,
p.
due April 1,.
Savings Bank,
984.
from
inc.
Other
income
Gross
.
in¬
receiv.
59,113
136,008
59,113
278,315
opers-
$4,259,380
$4,017,083
$7,634,508
31,495
offer,
is
bought
and.General
by
Mr.
Manager;
approval
of
the
deal
and
Little,. trustee:. Ernest-G.
recom¬
Mensel,
Philip A. Johnson, Treasurer;
7,444
$4,266,824
120,809
______
charges
Fed. normal
20,626
$8,106,005
23,512
$4,037,710
99,956
$8,129,517
237,284
$7,666,003
218,884
1,431,000
2,720,175
2,631,180
credits—
income
Income
and
surtax
j. (no exc. profits tax)
Refundable
:■
Fed.
portion
1,489,440
of
profits
exc.
1945—12 Mos—1944
$8,928,716.$17,921,417 $17,876,488:
4,775,625 v
9,756,298
9,963,665
4,790,782:
___
on
notes
Net
1945—6 Mos.—1944
$9,109,276
opers._
expenses
for
tax
1
paid for prior years_
Dominion inc. and exc.
Cr300,000
Cr567,000
225,225
286,658
512,801
521,121
9,042
4,622
16,735
5,522
$2,422,309
$2,215,475
$4,942,522
$4,856,296
profs, taxes less credits
int.
in
earns.
subs.__
Net
income
5%
Ray¬
mond B.
King, Vice-President."
% r
"
j
:
t r
conditions of the offer are based upon acceptance by 95 % of
outstanding common stockholders as well as other terms, any or
all of which may be waived by the trustees.
The Hampton Co. sub¬
sidiaries consist of the Hampton Spinning Mills, Hampton Mills, Inc.,
Albert
H.
Van
Dam CO.. Inc., and Hampton Textile & Fiber Co.
pfd.
stock
pfd.
93,752
stock
—
450,000
2,962,274
Consolidated
U.
on
Balance
and
in
Sheet, June 30
banks
cost:
notes
notes
advances
344^014
34,180
567,000
110,546
71,868
406,268
$66,117,911
355,550
$1,261,680
306..51O
3,397,617
852,384
97,867
3,339,207
947,506
176,735
_
;
840,000
Victory Loan Bonds
employees'
notes
and
receivable
Refundable portion of Fed. exc.
profits tax paid
Post-war refunds of Canadian exc.
profits tax_
Office
225,300
$17,371,620
and
225,225
_
C
receivable
Inv. in Dominion of Canada
accounts
58,537,779
28,705
series
1,000,000
1,933,000
54,394,488
$66,183,774
savings
Instalment
Other
1944
$7,375,261
$5,122,488
Government securities—at
Certificates of indebtedness
Travel
900,000
2,890,024
1945
hand
S.
Tax
-
777,720
1,445,012
Assets—
Cash
93,752
327,720
1,517,263
Common stock
.
no
any
182,643
maintain
of
3%%
President of the American Thread Co., stated that there
change-in personnel or policy following the acquisition of
the properties,
.The piece dyeing, printing and finishing plants at
Easthampton, Mass., and the Albert H. Van Dam Co., selling agents
the
$1.19
and
amounted to
exp.
and
the
our
to
1967.
-
Jr.,
be
$498,550
$1.07
Dividends—cash:
being made
Letters to
Clover,
will
$449,626
$0.60
of lease¬
I There have been called for redemption
interest, $24,000 of first mortgage 3V\%
•
yarn
Howe,
67 371
663,800
Home Telephone & Telegraph Co.—Partial Redemp.—
,
of
The
iA August, 1945, had in operation 146 stores,
month last year.—v. 162, p. 672.
of
Minority
S. C., and one in Troutman, N. C., as well as the
division of the Hampton Co., embracing the yarn mercer¬
izing, yarn dyeing and yarn finishing- plants at Easthampton, Mass,
The yarn section of the business will be operated as the Hampton
posed
J(p. L.) Green Co., Inc.—August Sales .Off 5.5%
period End. July
of
short
Farmers
have already;
was
stated on
stock
the
into
Division
39,559
297,300
shares of capital stock.
Hires,
called
this company
the
.
charged
stalment
the Hampton Co.
properties will be transferred to the American Thread Co. on Nov. 3,
1945, if
the original deal is consummated.
The properties
to be
purchased by the American Thread Co. are three mills in the South,,
entire
33,280
149,500
$249,608
sales
as
Prov.
stockholders outlining
details
of
the
offer
were
mailed
of Sept. 1 by-the First National Bank of Boston as agent.
The offer.calls foe payment of $70 a share and certificates must
be.
deposited by 2 p.m., Sept. 14, at the offices of agent.
There are 87,946of
etc.
acc.,
iiicome
Period End. June 30—
no
1943
}
railway
Jet rwy. <5p'er.
-V. 162, p.
1944
E.
Operating
by
without
Western RR.—Earnings
.
from
from
7et rwy.
12
'
-
July— t
Sross
and
doubtful
on
share____
417,120
Gross
date
shares
35i759
$1,229 721
outstanding shares of 6J/2% prior preferred stock have
redemption on Sept. 30. next, at par ($65 per share),
of $4.22V2 .per share.
The company also called for
redemption on Sept. 30, next, all of its
outstanding ,7% preferred stock at par ($21 per share), plus accrued
dividends of $1.37 per share.'
Payment on both classes of stock will be made at the City Bank
Hampton
Yarn
authorized
of the
Mr. Little, as trustee for
under
80,511
$786,485
Household Finance Corp. (& Subs.)--Earnings—
company
equipment
their willingness to sell their holdings, it
Royal Little, of Providence, R. I.
offer lor the Hampton Co. and its subsidiaries is
31
for
SSSSSSr^t-^SS p/omLssory
purchase of 750 fieight
for
.
impr.
50%
been
signified
Oregon
Kuchai
construction
store
48,539
bands.
old
70%
210^907
$432,388
taxes
plus accrued
Hampton Co.—70% of Holders Approve Saleover
.
the
Tex.,
expected
26
$Ll93"g62
(R.) Hoe & Co., Inc.—Calls Preferred Stocks—
''
public.
operates
Washington.
.the
El
a
corporation
prov.
for
All
cit:es
oper-
$705,974
$383,850
Sugar Shortage Felt—Plans Post-war Expansion—
145,460
570.
has gone into immediate production of high frequency
Sherwood
include
2,279,413
372,504
*178,455
will expand its activities
use in aircraft,
rail¬
roads, trucks and buses; for marine activities, and ship-to-shore pse;'
citizens' handie-talkie sets and other phases of the electronics, picture
for which it is prepared through both war and prewar experience.—
V. 162, p. 878.
Expansion—
with
1,507,093
1,704,958
514,521
253,519
1,957,825
for
explained
Mr.
to
3,464,861
226,836
'
post-war period."—V.
reports
or
1943
$3,684 282
income
tinued
Ready markets are expected to assure a progressive increase in
both
production and sales, maintenance of employment at a near
war-time level within a short time,
and eventual attainment of a
volume
of
business
approximately eight times that of the prewar'
period.
162, p. 782.
Grayson
line
$249,562
4,304
*29,193
civilian use, with the lifting of government con¬
a
limited number of shipments of this type of
equipment already being made.
Primary markets for the precision engineered high frequency line,
according to R. J. Sherwood, Sales Manager, are the amateur radio,
field and the growing numbers of short-wave listeners, with an appeal
being directed also to persons who wish to tune in on standard
broadcasts and frequency modulation.
The sets are built for short¬
wave
and
standard
broadcast
reception, as well as FM on either
new
1944
profit
homes.
shares
In
$169,848
135,185
71,985
pany! has had its own distribution setup functioning continually and
will employ it in making Hallicrafters receivers available to American
Common Stocks—
(par $10).—V.
and
31
shortage may continue to
restrict our operations until larger supplies are available.
"We
are,
however, planning for a considerable increase in the
number of production plants throughout the
country and have con¬
-
Radio Receivers for Civilian Use—
receivers
General
respective
$4,397,671
income
C.
so
162, p.
The company
their
1945
230,002
tremely
$313,826
21,188
income
trols,
of
Aug
$4,308,795
3,694,943
of
1942
producing its standard
line
of
high frequency receivers
for the
armed forces and high
priority orders throughout the war and no reconversion problems are
involved in resuming peacetime manufacture and sales.
The com¬
Listing of Preferred and
—
8,709,424
2,949,551
113,612
railway
radio
He
Managers
Manaeer
as
on
Hercules
other classes
Hallicrafters Co.—Already Shipping High Fre¬
(The)
quency
Jomison
Assistant Director of Operations of the Explosives
July, 1940, has been appointed Director of Per¬
the war period, he has directed the personnel work
„
benn
i
162, p. 781.
Grant Company
7,280,268
2,760,637
1943
railway
oper.
General
(fteneral
as
B.
announced
Administration and general expense
17,364,981
6,292,371;
2,718,626
1944
income
^Deficit.—V.
the
well
were
from
J.
was
sales, incl. selling, adv. and
delivery expense
hold
From Jan. 1—
boihthe Kaiser automobile, which
lar /price, field, and the Frazer
dium
$2,884,002
1,183,645
500,749
$303,990
from railway
from railway
ry.
Gross
and
holders, said:
Net
Michigan, that negotiations were under way with the Government
the lease by Kaiser-Frazer of the huge Willow-Run bomber plant.
Senator Ferguson's statement, made in Spokane, Wash., on Aug. 22,
indicated that the Government was planning to lease Willow-Run to
the Kaiser-Frazer corporation for a
five-year period.
The corpora¬
tion is owned 50%
by the Kaiser interests, and 50% by GrahamPaige Motors Corp.
Fulenwider
since
Net
profit
"Earnings per
1945
for
Assistant
been
Prov. for deprec. & amort,
Gulf & Ship Island RR.—Earnings-
oper.
B.
Department
sales
"Our
of
are
Net
Total
5691
162, p.
Net
for
22,388,108
2,532,911
July-
on
21,935,619
23,299,590
8,283,020
income...
oper.
committee.
J.
Department
Cost of
*On
from
anri
•
162,
1942
1,175,008
424,307
391,397
income...
Ellis
Babcock,
seven
Other
$3,105,673
1,079,904
282,848
railway.
railway
Net from railway
-
Corp.—Negotiations
$3,231,280
$3,432,208
R
well as out-,
1943
1944
William
(Charles E.) Hires Co. (& Subs.)—Earnings—
.
From Jan. 1—
Gross
have
Operating
Ohio RR.—Earnings—
railway
oper.
John
Explosives
During
the
and to male
and aviation limitations.—V.
war
1945
from
Joseph W. Frazer; President' and General Manager of Kaiser-Frazer
Corp., on Aug. 23 confirmed a statement by Senator Homer L. Ferguson,
and
of
Extends
or experience or service
within five years of the date of the;
crew
that
explosives plants, and of the six Herculesoperated government ordnance works in Kansas, Missouri, Tennessee
Virginia,
and
Wisconsin,
manufacturing
rocket,
rifle,
and
cannon
powder, TNT, and ammonia.—V. 162, p. 458.
*
.
flying instruction
had
have
of an
Gross
We
L.- W.
Discs.,
Gross
interest,
Graham-Paige Motors
Willow-Run Lease—
In
;
sonnel.
be
July It-
Government
1964, $36,090,000; contingent and miscellaneous reserves, $22,719,134;.
minority shareholders' equity
in subsidiary
companies,
$9,042,860;
$5 convertible preferred stock (610.854 shdrfis, no par), $61,085,400;
common stock
(2,058,677 shares, no par), $10,997,032; capital surplus,
$19,576,061; earned surplus, $63,964,001; total, $287,677,735.—V. 161,
p.
will
Gulf, Mobile &
Liabilities—Accounts payable,
able,
executive
of
Products
the
of
men
Prov.
States taxes
the
of
Cellulose
Department
672.
p.
announced
9 Months Ended June 30—
who
member
a
30
departments'.-
V-E Day, this company is,
except for certain limited
on
aviation; restrictions
,
taxes, $1,171,344; land, buildings, machinery and equip¬
ment, at cost (after depreciation and amortization of $136,281,234),
$86,281,351; goodwill, patents and trademarks, $1; deferred charges to
future operations, $1,669,310; total, $287,677,735.
accrued
—
policy or who contemplate engaging in such activities,
applicants, ages 17-19, regardless of aviation experience.
Life insurance coverage on all other policies, new as
profits
British
*
Co. of America
announced
program
and
limitation
war
applicants
for bad debts of
$997,175; inventories, $91,655,845; cash and reimbursable
expenditures under U. S. Government contracts, per contra, $30,415,954;
miscellaneous investments, $2,261,343; post-war .refund of foreign ex¬
tax
Both
applied only to members of the armed
forces and will limit liability only if death results from enemy actionAviation riders will be applied only to military personnel and other
June 30, 1945
receivable.
cess
its
war
Ust
Co., Inc.—Personnel—
Aug.
on
appointment
the
Manager
29.—V. 162,
Sept.
to
./:7.
removing
Z
<r
Milliken
G.
The
of
Program of Removing War Riders-
The
Assets—Cash,
29
Aug.
Anlii",
General
members
as
classes of risk
Consolidated
reserves
from
preferred
Guardian Life Insurance
deducted.
been
($8 dividend cumu¬
shares for the new $5 cumulative
value preferred stock
par
cumulative
$8
782.
p.
<
has
$100
_
of
2,058,559
2,058,559
t3,084,504
share..!.—..
$2.90
$2.89
$2.82
^Including for 1943 third-quarter dividend payable Sept. 15, 1943,
$771,193;
tlncluding for 1943 dividend payable Sept. 15, 1943,
$1028,219.
JAfter deducting- post-war credit and in 1944 includes
provision for renegotiation.
§Provision for renegotiation of war con¬
tracts
the
of
preferred stock are being notified that redemption of all the old shares
outstanding will be made on Oct, l, 1945, at $227 per share.
Payment
will be made at the City Bank Farmers Trust Co., 22 William Street,
New York 15. N. Y.
The directors have extended the date for exchange of the shares
on
the basis of 2Vs shares of $5 cumulative preferred for each share
Earnings per common
■
Redeem Unexchanged 8%
Exchange Plan
*
7,348,529
*2,316,703
1,491,078
7,509,868
1,527,135
earned surplus
Divs. on $5 conv. pfd. stock
Dividends on common stock———
carried to
Profits
2,500,000 (
,
9 <1QQ G19
Holders
1n,
have been elected Vice Presidents.
Mr
Ellis wl
Manager of the Explosives Department, and Mr MillikTn
General Manager of the Cellulose Products
Department
'
At
the
same
time
the
company
also announced the'election nf
Philip B. Stull, now a Vice President, Mr. Ellis, and Mr. Millikpn
Stock—Date Extended Under
lative) who have not exchanged their
Powder
company
Mahlon
Guantanamo Sugar Co.—To
2,500,000.
plant and
The
2445.
161. P.
Preferred
301,409
40.643,051
4,156,018"
374,884
277,958
25,150,000
income
been
904,160
1,125,280
1,347,039
—V.
Redemption-
for
30-year
22o,410
$203,298
Hercules
income
Total
Net
406,680,108 367,115,268
322,364,983 278,848,439
5,687,259
5,260,146
25,844,006
21,653,904
called
of
Heller Brothers Co., Newark, N.
J.—Obtains $660 000
Loan—Company, it was announced Aug. 30, has sold a
$660,000 10-year 4% sihking fund note to the Mutual
Life Insurance Co., of New York.
-^uiuai
83,066
9,557
and expense of company
(net)
$70,000
—
discount,
debt
of
amortization
and
premium
been
10. 1943
redemption on Oct. l
1945
v,*
3% debentures, 1937 series 'due
1967.
Payment will be made at the Hartford National BankCo., trustee, 777 Main St., Hartford, Conn.—V. 162, p. 453
92,722
83,287
7,244
—
Balance
Interest
366845:723
have
interest,
$1fiq?'i73
697,1 /J
750,085
88,620
,
pre1—
and expense/ etc., of
(net)
Minority
1W3
1^44
Hartford Electric Light Co.—Partial
(& Subs.)—Earnings-
Greenwich Water System, Inc.
cost, $554,470,-
in treasury at
less 11041 shares
"jflo
intangiWe capitai
marks carried in the books at
and
Monday, September
receivables, etc.—
furniture, equip., and improvements (net)
Total
867i000
141,049
77,512
Liabilities—
Notes
payable—Banks
Employees,
Federal
officers, &c
and
Dominion
income,
excess
profits,
and
capital stock taxesDividends payable
Miscellaneous curr. liabilities,
;
-
IIHZZZII
Bank
loans maturing March 31, 1946
Res. for Canadian Exch. fluctuations &
Reserve
for
retirement
Minority
3a4%
5%
contributions to
employees' savings
fund
interest
preferred
preferred
Common
8,000,000
conting.
"
750.000
in
subsidiary
company—ZZ_Z
stock—
stock
^
~~
stock
21 675,180
ZZZZZZ
—T
142|953
10,000,000
1
Capital surplus
Earned surplus
957,603
954,468
127,870
■
18,000,000
.18,052,650
465|394
465,394
"10,120,741 %
14,472,756
The
Hampton Co. has 6,619 shares of 7% cumulative preferred stock
callable at 190 per share plus accrued dividends, the letter to stocks
holders noted.—V.
158, p. 1034. -
--
-
-
'
^
Total
—V.
162, p. 354.
$66,183,774
$66,117,91}
•
Number 4419
162
Volume
Co.—Acquired—
(A. C.) Horn
General Printing Ink Corp.
See
THE COMMERCIAL &
FINANCIAL CHRONICLE
above.—V.
162,
878.
p.
The
company has registered With
cumulative convertible preferred
G%
•par)
Houghton County Electric Light Co.—Earnings—
Months Ended June 30—
12
Ooerating
$692,407
230,764
Operation
$674,693
27,178
57,703
129,715
—
56,384
Maintenance
General taxes
Federal income and excess proiits taxes
Retirement, reserve accruals,—:
—
—
tered
peacetime
$192,391
(net).;—35,490
operations
deductions,"
Income
Federal
»Includes
tax
savings
consolidated returns
—V.
47,756
161,
from
filing
of
have
$15,961
Net
called
Redemption—
for
'
from
ry.
opers.
available
charges
the
general
from
company
„
to
involves
deal
Electric
Motor
trade-marks,
patents,
Howard
Haas.
Mr.
the
acquisition
Corp.,
by
including
etc.,
funds
maintain
cash
does
Aircraft
of
50
Kobbe,
Gearhart
to
not
,
and
liabilities
of
the
stock, is
Aircraft
Motor
business.
$1,300,000.
version
197,677
1,762,884
cents
concession
to
Lee,
V.
—
&
Gas
Corp.—V.
A
Net
162,
—V.
is
engaged
motors
will
the
the
year
include
had
principally
Haas
order
Electric
orders
Motor's
totaling
not
said
the
than
more
fractional
6 Months
goods
sufficient
and
program
will
retain
employees of Electric Motor.
of
the
Racine.—V.
Electric
161,
Motor
the
approximately
planned
Divisipn
to
continue
in the present
200
leased
1945,
and
at
$110
share
a
for
the
B
stock
plus
161.
the
its
Condensed
Net
Gross
oper.
Oper.
&
Operating income
Non-oper. income
570,649
$138,130
$5,507,198
4,211,688
$184,372
"'Income
8,673
8,643
64,126
$1,359,635
on
_
__
134,530
932,634
945,549
96,912
102.691
678,387
718.841
$44,206
$251,386
$267,645
sales
The
Chase
appointed
National
registrar
Wages,
salaries
the
of
the
City
common
no
of
par
New
York
value
been
Net
1945
railway
railway
from
Net rwy.
From Jan.
Gross
Net
from
from
1943
1,649,864
1,728,243
2,013,894
129,596,226
120,979,497
46,751,968
40,387,635
15,783,038
19,258,579
"Siezed" by Government—
w&s
strike by the
seizure
averted
on
■control,
and
W.
The
the strike
Government.
following day
named
was
Brotherhood
the
by
the
on
Kirk
F.
Brotherhood of Locomotive Engineers and
23 when President Truman gave orders
road
The
12:01
Federal
as
immediately
"indefinitely."—V. 162,
(at
announced
Office
assumed
a.m.)
and
■
of this company,- of Universal Cooler Corp., ;and
Radio
Products Co. will vote Sept. 26 on approving a pro¬
plan of reorganization, dated July 19, 1945, consisting of the
merger %f the two last-named companies into International Detrola
Corp.
r
^ '
in part, as follows:
Utah
common
stock
/
(par
$1)
refund
(at
into
cr
exchangeable for 6/10ths of one share of Detrola common stock;
and the
outstanding Utah debentures, which are convertible into 12V2
of ' Utah
the
stock
common
period
limited
in
for
the
-each
trust
$100
of
indenture
debentures
pursuant
to
will,
which
such
debentures were issued, be convertible at the rate of 7% shares
Detrola "common stock for each $100 of debentures converted.
Each
share
■converted
stock;
"will
be
Detrola
and
of
into
Universal
or
each
class
A
exchangeable
share
of
into
or
converted
common
stock,
for
Universal
one
class
exchangeable
stock.—V.
162,
p.
value, will be
share of Detrola common
B stock, without par Value,
without
for
par
one-fourth
of
share
a
of
459.
increase
of
be
two
for
Weeks
28
with
other
to
Jewel
stock
at
and
on
shaies
July 1—,
1945
Gross from railway
Net from
railway
Net ry. oper. income
1944
1943
1942
$2,655,574
766,494
$2,558,230
$1,864,521
716,888
252,005
300,831
272,532
.
$2,574,068
890,440
*
-
698,412
552,503
the
common
.
17,583,085
17,839,851
17,016,866
10,937,200
5,115,640
5,445,346
6.843,764
3,095,167
2,088,753
2,037,137
2,476,841
1,969,028
stock
for
23,440,374
170,114
Notes
receivable
and
1944
$1,929,644
183,943
3,749,269
3,307,002
(net)
employees (not trade)__
at
cost
*
2,500
11,402
5,275,022
4,739,454
242,563
231,315
582,938
230,000
481,028
'
etc
cost
(net)
240,601
294,432
294,432
3,061,884
,
3,235,320
'
reserve
1
1
l
;
1
5,500,000
_
5,500,000
$21,459,999 $20,154,143
*
payabel
Accounts
to
211,559
142,369
$300,000
1
$1,387,108
payable, merchandise in tiansit
payable
Instalment
2,297,391
on
stock
common
138,166
Capital
stock
insurance
100,000
552,662
833,289
13,072,814
Total
470,873
655.281
660,912
$1)1
(par
surplus
—V.
2,300,000
836,305
contingencies
surplus
Earned
and
138,166
2,000,000
notes
for
1,043,117
272,532
1,661,562
342,264
liabilities
Reserve
92,113
100,000
'i
blink
payable
Dividend
243,241
149,819
728,338
•
552,662
833,239
v
12,391,904
$21,459,999 $20,154,143
160,
730.
p.
(Julius) Kayser & Co.—Declares Larger Dividend—
The
directors
the
$604,173
Sept.
102,847
June
278,766
This
12,
this
each
on
15—V.
Aug.
on
common
J..
stock,
In
year.
March
$5,
with
1944
and
15
declared
23
par
compares
June
dividend
a
payable
30
Sept.
cents
each
of
40
to
15
paid
cents
holders
on
share
per
of
March
record
and
15
the company paid dividends of 25 cents
15, and of 30 cents each on Sept. 15 and
161. P. 2334,
$222,560
$0.88
Kings County Lighting Co.—Files Plan with SEC—
July 14,'45
$2,662,590
5,620,736
less
reserve
for
(net), less
reserve
profits taxes__advanced
to" customers,
accounts———
expense
July 15,'44
talization.
$2,469,693
supplies, etc.—
(c)
4,9$6
15,936
.
298.134
~
698,422
671,613
367,671
3,402,389
1
.
'
$19,175,022 $17,220,103
$1,690,302
,
and inventory
no
at cost..-
par)^
250,000
5,000,000
stock
750,000
250,000
5,000,000
5,770,073
3,033,585
£¥226,669
■
5,770,073
—3,544,639
£¥264,636
...
$19,175,022 $17,320,103
Liege, Belgium.
reduce
its
Kings has outstanding $4,200,000 3Va% first mortgage bonds due
1975; 17,871 shares ($100 par) series B 7% cumulative
preferred stock;
shares
($100 par) series C 6%
cumulative
preferred stock;
25,000 shares ($100 par) series D 5% cumulative preferred
stock; and
50,000 shares (no par) common stock
having a value for capital pur¬
poses of $40 per share.
Long Island Lighting Co. owns 48,868 shares
(97.736%) of the common stock and no other securities of
Kings.
As
6t July 31, 1945, / cumulative dividend
arrearages on the * preferred
stocks
aggregated $522,304, equivalent to $14.23
per share on the
series B 7% series, $12.20 per share oft
the series C 6% series, and
$10.16 pe1: share on the series D 5% series.
""
>.
plan proposes that Kings continue to have
outstanding the $4,first mortgage bonds due
1975, but that its capital
be revised so that there will be
outstanding 22,000 ^shares
($50 par) 4%
cumulative preferred stock having an
aggregate par
value of $1,100,000, and 334,435.5 shares
(no par) common stock (with
a stated
value of $10 per share)
having an aggregate stated value of
$3,344,355.
In connection with such reduction -in the
there
will
which
will be
capitalization,
4>e' created
ah
unearned
(capital)
surplus of $1,955,645
solely for the purpose of making such
adjustments
the accounts of Kings as may be
specified by its board of directors
and directed by the New York Public Service
.Commission with respect
to depreciation and other reserves/
'
J
The plan provides that the holders of
the presently
outstanding
shares of common and cumulative
preferred stocks will, upon surren¬
dering the certificates representing the shares held
by them, receive
the following in return for such surrendered
certificates:
(
(1)
For each share of common stock
outstanding at present, % of
used
in
share
one
(2)
¥2
_and .(b)
For
For
the
new
common
share
of
new
$50
each
share
common
each
new
sharfe
common
share
common
of
stock.
preferred
par
the following number
each
new
For
the
each
of
new
was incorporated in Delaware
developing and subsequently manu¬
of
For
share
Corporation
the purpose of
facturing helicopters designed by Mr. Czarnecki and Witold Brzozowski.
The corporation has an authorized capital of 300,000 shares of
cap¬
ital stock
(par $1).
On June 30, 1945, the corporation issued and
that its
its earning power;
200,000 ,3 Vo %
172,523
self-
to
of
structure
1,218,095
750,000
distribution
The
$1,201,071
51,425
338,106
valuation.
......
preferred
51,000
2,045,538
so,
a plan for. the revision of
its capi¬
of the plan are to (a) arrange Kings'
dividend. requirements will be
brought
1,129
<
309,101
structure
purposes
(b) effect a fair and equit¬
voting power among its security holders, and
capital so as to create a special reserve to be used for
adjustments of-its accounts.
The plan may be summarized as
follows:
468.133
5,997,086
depreciation)—3,114,031
stated
into proper relation
able
515,961
5,873,797
6,913
45,204
328,266
The
financial
3,524,481
doubtful
excess
(560,000 shares,
for
1945
633,943
A
22,594,234
570.
1945,
at
Goodwill
13,701
"Stock transferred and registered at corporation's
office, 724 Fifth
Avenue,-New York 19, N. Y.
The organization and founding of the corporation was
initiated by
Stefan
Czarnecki,
a
graduate of Institut Superieur
Technique
et
de
accounts
^
Total
Corp.—Capital Stock Offered—An issue
35,000 shares (par $1) capital stock is being offered
at $2.50 per share by E. M. North Co., New York.
The
shares are offered as a speculation.
11,
$0.94
$1,887,445
.
hand
on
Liabilities—
Jet Helicopter
June
$1,34
Company has filed with the SEC
•
—
p.
221,065
1_$13,072,814 $12,391,904
'
$1.05
surpius-:-—--^---.^-
162,
and
Machinery and fixtures, less
Autoiriobiles, less reserve-
to
982,402
—
treasury
93,010
276,331
—_
'
losses
$13,349,145 $12,891,999
186,020
stock
'
and
Buildings
rate
$315,473
——
cohting.
preference
Paid-in
share
doubtful
(after
$612,806
12,279,193
dividends
Accounts
income__
on
$741,012
dividends
banks
Accrued
-
75,000
"
44,746
rents
6,742
1 225,COO
12,608,133
from officers
Land
par
prior
on
.
Dec.
"
cost)'
cumulative
Colonial
,
Gross from railway
Net from
railway—
Net ry.
oper. income
—V. 162,
p. 570.
-V.
$1,919,548
1,575,000
income
charges
Inv. in stocks,
bonds, mortgages,
•Outside properties at cost
(net)
Retirement
and
J—
for
in
$1>905,679
13,869
taxes
'Deferred
1945—32 Wks.—1944
/
services
accrued
Total
23,628
._
Inventories
com¬
1
insured.
Stock
307,061
tax
in
Notes
July 15,'44
$32,645,349 $30,300,253
5,961,303
5,225,402
167,752
151,416
Reserve for-automobile-accident and other
Common
86,718
314,960
taxes)-
85,000
profits
Government: bonds—
S.
Due
Ended
—-
Earned
inc.
.
$4,269,093 $36,350,954 $33,748,592
dividends paya'bleu^»».*.»«t:r_!w--i—.
Federal, State and other taxes accrued
4 ¥»%
86,718
state
excess
Cash
but
shares of $50
11,601,267
3,543,577
3,696,551
25,308
and
U.
$3,000,000 pre¬
•
Preferred
Other
12,910,537
expenses
$2,402,693
auU
reu.
Assets—
the
offered,
*
Comparative Balance Sheet, June 30
of
from
1944
occu-
Balance, surplus, June 30
Earnings per common share.
the
of
International Great Northern RR.—Earnings—
From Jan. 1—
for
278,919
of
for
u.
Reserve
will be converted
and
surplus
Premiums
July 14,'45
Liabilities—
payable.
•
shares
$4,615,073
Accounts
f
......
plan provides,
buying
income
Common
102,000
receivable,
assets
Total
1945
$19,411,458 $17,444,30-1
sold,
paid
Preference
Merger—
on
Inc.—Earnings—
—
income
Total
$696,392
"
reserve
Fixed
$3,252,191
income
Previous
r
1945—4 Wks —1944
taxes
Unexpired insurance,
Utah
"Within
of
'
repairs
.
Premiums'
less
postponirtg
The- stockholders
of
share
banks
Claims for
(
78,618
$3,561,73i
$2,426,320
man
income
Net
sur¬
$5,000,000 V loan.
charged to operations
inventory valuation reserves
and
; Loans
to employees
•.Deposits and contracts
posed
share
rate
(Inventories
the
of
manager
action
of
985.
p.
International Detrola Corp.—To Vote
Each
the
i
plus
Goodwill
The
preferred
at
accouhts
Aug.
this
of
Defense Transportation
system.
its
dividends—
Accounts
the
each
the
to
together
of
and on hand
Marketable ^securities
13,365,534
A threatened
financing,
liquidation
dividends-
Assets—
32,131,213
15/033,503
lor
holiday
to
Comparative Balance Sheet
45,514,273
'
,
July 31, 1945,
does not require
issue
an
earnings
in
$454,690
'
on
Cash
1,636,300
65,319
4,495,000
*
This required 'a
operations
would
proposed
bonuses
Balance, surplus
Earnings per common
96,184,733
income:.
Firemen
State
company's
production
company
was
.
1—
railway
oper.
the
1,780,182
129,291,042
the
resulting
1942
railway.—...
Net rwy.
that
—_
Federal
Common
1,383,967
$416,000
20,844
■
income-
profit
Federal
approved
taxes.
accounts
Preferred
$18,435,217 $18,962,849 $17,285,835 $15,174,860
6,479,362
6,601,848
5,395,835
5,180,081
income..
oper.
1944
to
plans,
management to
of
with
assets
State, local and all other Federal taxes
Illinois Central RR.—Earnings of Company Only—
from
and
Was
782.
pi.
contribution
Estimated
161,
Net
July—
the
all
Depreciation
2660.
Gross
for
162,
purchased
Doubtful
has
substantially
revenues
'
Products
Contingencies
stock.—V.
for
thereafter
and
security
Estimated
Co.—Registrar Appointed—
Bank
of
permit
problem,
proposed
common
and
Maintenance
Hudson Motor Car
to
the proceeds of
Earnings
adjustment income bonds.—V. 162, p. 10.
on
the
28 Weeks Ended—
Total
Estates
Deficit
-Exclusive of interest
of
shares
Social
_
by
____
$1,396,745
132,875
this
concluded
met
65,410
$193,015
charges
adjust, income
bonds
be
Period End. Aug. 11—
Retail sales
$1,331,335
$4,967,109
_
Jewel Tea Go., Inc.—Retail
Sales Higher—
3,999,354
$146,803
income
have
1
$5,330,689
$1,295,509
week
equity financing which
would
31, 1948, and
preferred.—V.
each
$82,984
Gross
Int.
$755,021
felt
proposed preferred issue will consist of
60,000
5% cumulative stock convertible into
2¥2
1,176,000
$5,011,017
income
Total
represented at the meet¬
advisable in view of this
common
of
1,235,000
Ending June 30—
vuuier
'
were
was
interim
its
canceled.
with
1945—7 Mos.—1944
608,190
taxes
the
funds, would be used
value
Statement
$746,320
revenue—
expenses
Income
stockholders
been
faced
proceeds
pany
Aug.
1945—Month—1944
In
in
during the two-day
Japanese Government
stock."
The
July 1—
change
fell
gffer of the
proposals, it
adjourn for a
have
directors
needs
ferred
Hudson & Manhattan Railroad
Co.—Earnings—
Period End.
the
industry and its household appliances.
working capital
than
normal
peace-time
$5,000,000 in
$2.50 'a
669.
p.
to
meeting
approximately $850,000
in -net
current
amendment_ta_ihe Federal tax law which
share, being accumulated dividends and interest to Dec. 1, 1945.
The Old Colony Trust
Co., 45 Milk St., Boston, Mass., has been
appointed agent to make the redemption on or prior to Dec. 1.—
V.
the
plans.
"No■ longer
The company has called for redemption on Dec.
1, 1945, all of its
outstanding first preferred stock, series A and B, at $100 a share for
the A stock, plus $2.9166 a share
being interest at 7% from June 30
1,
the
sufficient
events
its
for
announced
contracts
explaining
automotive
Howes Bros. Co., Boston.—Calls Pfd. Stock—
Dec.
the
of
involve.
to
stockholders,
states:
fixed
While
larger
;
3,550,000
$679,171
251,248
11,923
$675,358
199.824
Dry,
merchandise
Gross
financing plans previously presented were
predicated in part
upon the then-apparent
necessity of continuing the very large scale
war
production, while commencing its peace-time
in
of the corporation,
the underwriter, a.i oi
15,289,087
Sell., gen., adver. and admin,
Depreciation of buildings
"The
opera¬
quarters
to
approve
review
war
present
current
"
987.
p.
all
It is
date
to
chain
expan¬
Mich.—Meeting Postponed
sub¬
1
" *
expenses—.-
Interest
render.
to
of
nancv
the
600,000
168,000
879.
p.
is
Ry.-—Earnings-
175,000
(net
oper.
$O,G0U.
NeL sales__
162, p. 879.
adjourned
letter
management
ing
v,AOfccU
stockholders'
following
any
recon¬
the
acquired
rents
which
for the building of a
simplified
development work in connection t,
«e-
300,000
income
oper.
ry.
Other
a
expenses
162,
issuing has been reduced from $5,000,000 to
$3,000,000.
meeting for ihe purpose of voting on this
originally scheduled for Aug. 16, has been
"The
have
that
peacetime
partner¬
a
manufacturing
does
He
for
to
successor
sales
in
and
declared.
unfilled
as
company busy for nine months or more.
Motor
Corp. will be operated
as
a
division
of
Howard
The Howard management expects to embark on an
Electric
Aircraft.
tions
1932
company
special
on
Mr.
in
by Mr. Czardevelopment relating
and Useful
new
Kaufmann Department
Stores,
proposes
proposal,
Sept. 13.
Czarnecki
1945—Month—1944
1945—7 Mos.—1944
$3,118,511
$3,640,925 $23,586,482 $25,927,195
1,968,153
2,193,754
13,790,464
revenues
oper.
iacil.
'xitAes
special
oper.
Equip, rents (net Dr)
Vt.
com¬
pany
Motors
a
by
Federal income taxes—
a
secondary offering
(no par) at $41 a share,
NASD members.
Mr*
i<roi/ram
for
.Other taxes, accrued
Sept. 4 made
common stock
and
llOu
Railway
—
of
,fc*
' f current expenses
expenses and advertising
organization
Railway
Railway
1,354,082
Co.—Secondary Offering
0
.
Period End. July 31—
1,728,643
1,4j0,855
oe
Kansas City Southern
$4,777,756
2,192,189
145,970
consideration
"^naeement that the proceeds! of this fi¬
corporation with sufficient working c: nitsl
the
;
1945—7 Mos;—1944
$5,532,507
2,304,427
263,101
on
1e
v.......
company
has-notified its Stockholders
that, in view of the
end of the war and the
consequent reduction in its working
requirements, the amount of preferred stock which the
sudden
capital
In
Last
problems,
business
sion
stockholders.
1,500
Corp. was formed
It
horsepower
Ikeep
about
provide
...
the
1
224,789
New York State Electric
The
closely held.
Electric
ship
has
v
helicopter prototype
Cost
company.
Howard
to
.„
nancing will
Co:,
America—Earnings—
'
(F. L.) Jacobs Co., Detroit,
—Revises Financing Plan—
machinery, equipment,
receivables, according to
assume
.
'
to
•
in
license
including helicopters, and
application, dated March 30, 1944.
and
&
share
per
exclusive
.to rotary wing aircraft,
ject of a patent
Iroquois Gas Corp.—Purchase of
Properties—
See
■
assets
all
at"$l
an
'
and
459.
p.
inventories,
except
Aircraft
Howard
it
,
The
stock
to
.
wartime
51,000 shares of its capital stock and
royalty of l¥a%, on sales by the
corporation or
a
five-year option to purchase 50,000 shares
a
in the United
States, its territories
possessions, for, the use in the manufacture and sale
of rotary
wing aircraft, including
helicopters, of what is believed
Racine,
of
capital
common.
■
-____
162, p. 570/
less
Wis.
He said this acquisition marks the first step in re¬
activating
Howard
Aircraft
whose, manufacturing
operations
have
been at a standstill since early in
1944.
The present management
was placed
in office last February following a proxy contest.
of
of
transition
for
Higginson Corp.
3,000 shares of
Ray T. Haas, President, on Sept. 1 announced that this corporation
jhas purchased the principal assets and business of Electric Motor
Corp.
of
to
1945—Month—1944
$802,116
$577,243
338,114
248,371
revs
of
Howard Aircraft Corp., St. Charles,
111.—Acquisition-^
•
enable
shares
Czarnecki
him
and
production."
International Shoe
Redemption on Nov. 1, next, through
operation of the sinking fund, of $98,000 of lirst mortgage 15-year 4%
sinking fund bonds, due Sept. 1, 1955. at 10i3/4 and interest.
Pay¬
ment will be made at the Maryland Trust "Co.,
trustee, Calvert and
Redwood Sts., Baltimore, Md.—V. 161, p. 8. /
of
the
Newburger & Hano,
ihcome
—V.
been
oper.
rev.
fixed
$36,835
ui
one
,Prenting
added
'
Period End. July 31
Railway
Net
Income
Houston Natural Gas Corp—Partial
There
47,900
$158,518
______
twb
Mr.
to pay
licensee, and granted him
cent
common.
International Rys. of Central
2557.
p.
to
agreed
par)
(10
..
$206,418
$181,139
.—
income
Net
:
$228,895
—T
($5
,
are
.
income
of
coyer
to
-
Gross
share
one
and
its. peacetime
Underwriters
Ine:, New York.:
14,027
shares
175,000 shares
stock, to be offered to the public at $5
per unit for
preferred and
capital,.-"'to
50,000
175,000
and
525,000 shares of common are
being regis¬
being reserved for conversion of 6%
pieferred.
expand
income
SEC
preferred share is convertible into
Net proceeds are
estimated at $743,750.
The
company
said
proceeds
will
be
raugment working
93,548
$193,404
income
operating
Utility
«Other.
the
stock
company said that
but 350,000 are
Each
255,191
50,000
—
of
The
1944
30,818
revenues
common
share
1945
1171
International Resistance
Co.—Registers with SEC—
,
7%
of
v
stock
value
4%
shares
cumulative
;
,>
outstanding at present,
cumulative
of
new
preferred
common
preferred
stock,
stock:
7%
shares
of
7
shares
of
stock.
of
6%
stock.
of
/
5%
cumulative
preferred
V:/'••
cumulative
stock,
,
preferred
stock.
'
,
(a)
stock,
...
stock, 6 ¥2 shaheis of
\
:-:'y(r
-■
■.
In
would
accordance
receive
all
with
of
the
the
above, the present
22,000 shares of the
preferred
new
$50
shareholders
par
<value
4%
_
J--,
•
■
wittbTdSited
shares of new common
the 334,435.5
and
stock,
nreferred
oiimninHvp
X
the basis of 304,435.5 shares (or. 91.03*)
to the holders of the presently outstanding cumulative Preferred stocks
nH
tbp
balance of 30 000
shares (or 8.97%) to the holders of the
nresently
on
Long Island, as the present
of common stock, would receive
shares (or 8.77%) of the new common stock.—V. 162, p. 879.
29,320.8
Bank
•'
t
•
Output—
.
570.
bearing bonds.—V. 162, p.
Co.—Earnings-
Laclede Gas Light
-
Statement for Three Months Ended June 30,
income
Operating
Operating
1945
The
corporation has called for redemption on Oct. 2 npvt
interest, $150,000 of 15-year 3(4% debentures due'Oct 'i
Payment will be made at The First National Bank of Chimo-'n
agent, 38 So. Dearborn St., Chicago, 111.—V. 158, p. 1475.
'
expenses
___
retirements
-----Federal income and excess profits taxes
for
Provision
328,041
1,903
income
Gross
deductions
Income
Net
—-———
income
$222,090
$0.09
- —-
—-
—
Net income per share on 2,433,620
—V.
$^2,487
/uu.oa/
——~
___—
shares————
161, P. 1428.
completed
The
General
Fed.
78,890
$2,726,651
1,408,667
311,124
113,600
113,500
416,100
398,532
taxes
&
income
profits
-
$2,776,905
1,437,041
301,730
327,060
—
excess
taxes
'
T
Telegraph
&
operating income
Other income (net)—...
$174,404
$157,279
$622,034
$603,329
9,544
9,948
43,079
the
of
of Occupation.—V.
Army
162,
p.
income
$183,949
$167,227
62,396
$665,113
261,107
$647,752
70,347
$113,601
$104,831
$404,006
$390,543
Operating
revenues
—
expenses
—
1,509,402
due
Dr24,546
9,558,616
1,368,448
Z)rl65,703
Drl57,357
67,565
$1,083,503
301,233
$1,081,429
345,981
288,262
Equipment rents
Dr8,255
Crl,729
Dr24,115
Net
Gross
ry.
Other
Net income
—V.
162,
Rentals, int.,
Net
Superior & Ishpeming RR.—Earnings—
1945
1944
1943
$382,601
$494,916
$503,395
$408,045
239,738
326,134
183,419
343,788
256,378
July—
from
Gross
railway
Net from
railway
oper. income—
Net ry.
-V.
134,868
193,276
from
Gross
Net ry.
—V.
175,283
1,574,466
1,665,573
1,557,597
2,010,154
687,229
745,872
661,541
1,088,128
346,329
railway
380,214
322,117
526,798
income
&
Lynch, Pierce,
that 19,001
total of 42,526 shares, of 41/2% cumula¬
Beane
shares, out of
a
associates
and
tive preferred stock
by stockholders.
Cpmmon
stockholders
the
for
972,104
$412,632
$416,787
revenue
Dominion
income
Utility
Other
of
six shares
the
company
stock
of
offered
were
the
on
basis
held.
common
of
prior
rights
share
one
Holders
of
the
of
7%'
stock
preferred
for
the
new
stock
were
4%%
preferred
stock for each share of
new
—V.
offered
the
privilege
the basis
on
the old preferred,
of
plus
to
two
a
shares
this
28,650
18,560
$77,857
under laws
of
the
cash adjustment.
income
Retirement
Other
Lehigh & Hudson River Ry. -EarningsGross
Net
1945
from
from
Net ry.
railway
1942
$237,596
$268,966
70,235
21,450
16,621
and
Gross
from
Net
ry.
railway
railway
from
Net
1,940,187
Lehigh &
Net
1945
1944
793,431
966,275
194,725
259,804
New
England
railway-™
railway
income
from
1944
1943
1942
$465,731
91,656
' $531,669
$549,395
199,080
223,489
$620,265
293,796
57,959
119,318
133,308
181,723
3,162,077
3,692,807
1,256,584
-771,500
3,543,574
1,277,323
798,398
3,473,725
1,306,633
803,958
oper.
637,385
Net ry. oper. income—.
—V. 162, p. 571.
$108,082
162,
The
472,779
St.,
&
Trust
City
Co.,
successor
Chicago, 111.—V. 161,
p.
corporate
1205.
trustee,
™ivide,nd of 2° ce2*ts
New
issuance
208
South
announced
Gross
-
railwayrailway
oper.
income
of
upon
from
Net
from
Net
ry.
—V.
i%2t
railway
railway——
oper.
p.
The
18,
*
$4,775,479
$4,823,754
1,915,179
2,006,627
>
1943
1942
$4,615,589
2,157,022
1,142,355
income
25,867,598
6,104,218
24,503,084
19,045.407
6,879,431
5,061,552
1,386,756
2,277,816
Trust
1945, the date
on
Net
Cost
?'•'
770,168
of
and
sales
New
■
York
which arrangements
Stock
were
proceesd
p.
-
.
Exchange
made
received
with
will
675.
on
Mr.
be
April
Leeder
used
v
;
,
,
Power & Light Co.—Partial Redemption—
has called for redemption
$1,888,940
$3,661,799
$3,317,110
$1.09
$1.02
$1.97
$1.79
of
as
June
30, 1945, were
including therein
$9,049,999,
taxes
income.
on
for
Aug.
on
available
in
stated
of
June
On
$46,867,728
reserve
1944,
30,
$7,713,594.—V.
were
1945
earned
Total
•
1944
1943
$7,634,881
5,409,221
204,793
279,559
244,977
$538,920
$1,752,871
$1,980,684
20,953
18,211
7,640
14,195
14,623
Regulator
:
20,607
20,248
of
the
that
necessary
in
the
period
different
the
items
between
Pearl
$1,805,952
$2,019,124
50,910
renegotiation
for
Federal
cn Oct. 1.
next
through
of first mortgage 3% bonds due
refund
68,621
17,031
52,771
37,082
1,038,500
income
per share on
preferred dividends
taxes.
196,500;
Net
the
in
$184 537,268.
Minneapolis,
company
the
on
payroll.
"
...
started
This
-
:.
1945
from
from
Net ry.
railway.
railway______
income___
oper.
-<
1944
$1,227,241
169,127
44,512
$1,317,993
1942
1943
361,602
$1,182,523
322,429
88,458
279,986
$1,050,016
270,322
201,422
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway___^
railway___
8,854,646
162, p. 676.
,
,
8,720,101
8,307,980
2,033,778
income
oper.
2,315,177
1,033,574
2,669,324
2,059,040
888,979
•
7,268,349
1,970,334
1,347,145
J
Minneapolis St. Paul
&
Sault Ste. Marie RR. —Earns.
fk; h
railway____
Net from railway
Net
ry.
1944
v
$2,563 604
$2,403,192
747 932
income
oper.
1945
V
from
From Jan.
Gross
620.535
ZZZ.ZZZZZZZZ
437',382
581,771
14 381 935
17,523.279
5,149,574
4,072,821
j^ff i
from
railway
Net from
railway___
_
2 558 727
—ZZZZZZZZZZ
Ne£ r7^„oper' income
—V.
162, p. 880.
1,388;796
Minnesota Power & Light Co.—Bids Invited—
Company is inviting bids for the purchase ffom it of $26,000,000
mortgage bonds, series due 1975.
Bids will be received by the
company at Room 2033, No. 2 Rector
St., New York, up to 12 noon
(EWT), Sept, 17, 1945. ,The coupon rate must be
specified in the bid.
$294,494
$661,750
$718,093
Nil
$0.10
$0.13
after
common
first
—V.
162, p. 880.
Gross
,
from
i
'*
r
t
■ t
reserves
created from earnings
;t
C:
(
<
Net
from
Net
Renegotiation—Under the provisions of an agreement with the War
the conclusion of renegotiation proceedings relating
to operations for the year ended Dec.
31, 1944, company has refunded
the
sum
of
$159,804 (after credit for applicable Federal taxes on
income)
in
final adjustment of war contract prices for that year.
charge has been absorbed against
-
Mississippi Central RR.—EarningsJuly—
renegotiation of Government contracts in 1944 and 1943.
Department upon
This
V-J Day
and
1,284,000
over
____'
____.
Net -income'
♦Includes
Harbor
weapons
ever
totaled
weapons
plants
was
_
deductions
♦Prov.
Operate
25.
these
July—■
Gross
16,626
$594,675
Sundry
__i__
Co.—To
Peacetime Products—
on
14,175
divs.
income
provirion
were
162, p. 249.
for
purchases_____
on
income
current
Federal
assets
Minneapolis & St. Louis Ry.—Earnings—
■
*
received
■_.
&
Other
and
1945
for
current
its
4,173,561
of
one
Gross
$5,766,966 $10,116,457
5,023,253
8,084,027
expenses.
earned
■
per Share for His Stockholdings—
Se^,, Textron, Inc., below.-r-V.160, p. 2648.
the
Deprec. & amort, of fixed property.
1,500,926
$20
'•U.
on
sales
Excess
operation of the sinking fund, $191,000
1,473,250
Wabash,
Ind.,
Chicago
and
the war with approximately 4,000
figure reached a peak of 14,000 in
all plants, with 9,300 working in
Minneapolis.
Today, at the start of its peacetime production, the number of
Honeywell's local employees is almost double that of the company's
best peacetime year at 194.2%
of the August, 1941 level.
In 1943, the
company purchased a large Minneaoolis factory which
was
used for war production but which will
be the company's chief
assembly plant in the years to come.—V. 162, p. 988.
trustee,
Co.,
-
of the shares
Earned
company
York
New
capital
to come with the company.
The
Working capital purposes.—V. 162,
1,355,645
996,662
26,388,636
6.902,507
1,931,203
571.
Louisiana
The
$3,522,450
868,404
assets
were
employees
coupons
the
average price
2,916,750
$2,033,803
Operating
Philadelphia,
1942,
1945),
1,
capital
to
Discount
1944
Lonsdale Co., Providence, R. I.—Royal Little Offered
The
Sent.
1945, the board of directors authorized the sale of 10,000
stock to E. Robert Leeder, who on said date was
position of Vice-President and Assistant General Man¬
consideration to be received is $10.75 per share, the
of
Interest
'j V
From Jan. 1—
Gross
that
6 Months Ended June 30—
share
1945
-
from
from
ry.
due
Exchange has authorized the listing of 10,000
stock (no par) upon official notice of
sale thereof for cash, making the total, number
shares
On May 7,
492,500
the end of October,
the company's production
than its best pre-war year providing essential
Value
maturing Sept. 1, 19421, to
may be presented separately.—V.j 126, p. 577.
Operating profit
Net
interest
Stock
York
767,323
1,214,250
July—
.JLong Island RR.- -Earnings-
Net
of
Maytag Co. (& Subs.)—Earnings—
and the usual quarterly
dividend ot 30 cents per share have per
been declared on the common stock
par $5, both payable Oct. 1 to holders of record
Sept. 15. Like amounts
weje paid on April 2 and June 28, this year.—V. 159, p. 1J48.
•
instalments
the
on
inclusive, from the dates thereof to Sept. 1,
the
applied for, 451,800 shares.
Locke Steel Chain Co.—Extra of 10 Cents—
July—'
Co.—Redemption of Bonds—
Sept. 1, 1945, that
mortgage 5%
40-year
inclusive,
1945,
ager.
has called, for redemption on Oct. 1, next,
$67,200 of
sinking fund 6% gold bonds, series A, at 100 and inPayment wil be made out of sinking fund monies at the
Bank
l,
shares
cdmpany
Salle
Sept.
elected
mortgage
National
further
was
1,360,742
877,265
were
produced by Honeywell.
commercially manufactured before
the
war,
he
said.
The instruments
ranged from electronic AutoPilots, developed by the company for precision bombing aircraft, to
gunsights and other fire control instruments for the Army and Navy.
on
first
after Sept. 1, 1945, at
Broadway, New York, N. Y.
It
1,673,908
410,004
share
demands
total
Not
Martin-Parry Corp.—Listing of Additional Cap. Stock
Lincoln-Boyle Ice Co.—Partial Redemption—
(terest.
a
2662.
at any time upon presentation and surrender of said bonds and
coupons
The
company
The
81,390
$140,142
Sept.
additional
bonds due Sept. l, 1945, at 100 and
interest.—V. 162, p. 987.
first
86,984
5%
per annum
March 1, 1945,
to
571.
p.
is redeeming at its office located at 143 Liberty St.,
York City, all of the
outstanding Lehigh & New York RR. 4%
New
of
677,895
593,615
will
be 30%
raw materials
quantities, it was said.
On
V-J
Day
the
company
received
telegrams from the armed
services in effect terminating all of Honeywell's remaining war con¬
tracts.
There are a few developmental contracts still in force, but
all production contracts have ended and war
production brought to
a
halt, Harold W. Sweatt, President, stated.
In
a
brief
review
of
the 'company's
war
production effort, Mr.
are
$221,532
$178,407
the
847,385
and State
per
said
By
there will be paid to the
sinking fund gold bonds,
1, 1946, the principal thereof and all interest accrued .and
accruing thereon to Sept. 1. 1946 (together with interest at the rate
of
515,122
$6,918,427
greater
113,450
$265,391
___
announced
was
100
Lehigh Valley RR.—Retires Guaranteed Bonds—
,
78,769
142,674
maturing
railway
from railway;
—V.
;
87,145
accruals
Manila Suburban Rys.
It
due
From Jan. 1—
Net
r
128,274
2,015,493
RR.—Earnings—
1945
Gross -from
v
618,737
209,579
deductions
o,
458,905
$9,129,722
income——
State
cials
$933,863
income
161.
210,063
$3,469,340
income
Sweatt
Net
holders
from
Net ry.
1,845,081
738,446
170,062
172,415
July-—
Gross
1,992,072
680,855
income
oper.
Income
249,876
$4,689,053
peacetime products reflecting four war year
shortages, this company expects to be back in its regular production
at a rate equivalent to its best pre-war year by mid-September, offi¬
660,464
profits taxes
excess
reserve
income
credits
$80,387
$1,079,906
deductions
income
Gross
—V
From Jan. .1-—
3,033,249
$6,403,294
$42,452,654 and current liabilities
110,283
17,554
81,854
22,130
income
1943
$238,956
62,665
$261,572
railway
oper.
1944
2,970,776
$8,670,817
surrendered
on
With
162, p. 987.
July—
La
Federal
1945—6 Mos.—1944
1,583,997
and depletion._
Current
and
of Maine)
revenues
Corp.—Earnings—
$3,259,277
Minneapolis-Honeywell
revenue
provision for
Profits tax is
$17,343,290 $15,829,944 $33,952,772 $30,471,791
11,345,540
10,986,670
22,311,178
21,035,247
Above Prewar Levels
12 Months Ended June 30—
Operating
and
Excess
1945—3 Mos.—1944
abandoned
liabilities
Service Co.—Earnings—
(Organized
taxes
Federal
tracts.
2662.
Maine Public
income
no
provision has been made in the statement of earnings for
adjustment that may result from the renegotiation of war con¬
any
$98,948
income
Operating
State
that
Note—No
1,753
$106,507
to
outstand¬
Net
$97,195
2,261
_.
income
161, p.
and
1188.
p.
i_
Earnings
30,000
.
$104,246
income.
(net)
$062
estimated
income
taxes
56,286
30,000
deductions
Net
pre¬
exchange
income
Leaseholds
108,058
51,906
accruals
reserve
operating
Gross
-V.
133,783
profits laxes
excess
$0.71
$291,539
deductions
and
$0.59
1,558,572
(net)
1944
$33 9,936
revenues
income
Income
group
preferred
new
each
$0.77
(446 240
and adm.
Prov. for Fed.
1945
$122,716
ing
Other
and
announce
($50 par) have been subscribed for
The
and gen.
Net
Operating
Operating
1
1942
*$926 240
$4,439,177
Maine & New Brunswick Electrical Power Co ., Ltd.—
also announces that sub¬
scriptions have been received for an amount in excess
of the 23,525 shares available for public offering.
The
stock was priced to the public at $51 per share.
purchase
—
1943
*$1,094,889
t534,889
Federal
is
160,
of 'sales
Sell,
162, p. 675.
Retirement
Lane Bryant, Inc.—Stock Sold—Merrill
It
aJlowances__
Deprec.
162, p. 570.
ferred
143,382
$43,876
$1,384,736
$187,258
12 Months Ended June 30—
railway
oper.
Fenner
136,778
$45,959
etc.
income
1944
*$704,909
sales, less returns
Cost
Earnings—
From Jan. 1—
Net from
estimated
1945.—V.
and
1942
-
in
Gross
$1,427,410
1,010,623
$182,737
.
of
161.
f439,329
Period End. June 30—
11.
p.
Lake
55,533
income
-V.
j{580,464
expenses
Gross
.
$127,204
income
oper.
income
257,209
1945
§$1,006,764
___
Mid-Continent Petroleum
8,452,360
1,749,772
£>r89,288
Drl54,039
1,152,774.
163,053
rents
jacks
Co.—Earnings—
(estimated)
contingencies.
1945—7 Mos.—1944
Taxes
fac.
hydro-mechanical
$1,583,546 $12,333,627 $11,526,948
$1,832,029
Operating
produce
§After providing for depreciation, rent to Defense Plant
Corp for
Castle
Dome
plant
and
facilities,
and
depletion of
Castle Dome
property, but before income taxes and provision for contingencies.
783.
1945—Month—1944
Acqui¬
♦After depreciation,
etc., but before income taxes, provision for
contingencies and depletion of Miami property.
(After Federal taxes
etc., but before depletion of Miami property,
ton 747,116 shares,
RR.—July Earnings—
31—
to
continue
profit bef. deplet._
tEarns. per com. share •
{{After
Maine Central
Period End. July
Joint
will
Net
The opera¬
direction of
their families and relatives in this country.
Tokyo end of the circuit will be under the
Co., Burbank, Calif
2449.
Profit
initially will be limited to official military and Government, press,
and prisoners-of'-war messages, it was announced • by Admiral Luke
McNamee, President.
Thus, for the first time since the Japanese
attacked America our prisoners of war will be enabled to communicate
American
iqzm
Manufacturing Co.
6 Mos. End. June 30—
Tokyo
39,423
Net
Interest & other deduct.
r
p.
radiotelegraph communications between the
direct
and
Mos
division
Menasco
officially took place on Aug. 28 when the
facilities of this company were placed in operation for the first time
since Pearl Harbor.
Radiotelegraph services over the Mackay circuit
States
1945—7
•
company announces the acquisition of the business and
of the Malabar Machine Co. of Los Angeles, Calif., which in
operation
will
be
identified as Malabar Machine Co.,
a
product
Tokyo
Corp.—Reopens
*
The
Dallas
Miami Copper
reopening of
United
the
$670,704
320,486
79,439
$693,955
Menasco Manufacturing
1945—12 Mos.—1944
1945—3 Mos.—1944
Period End. June 30—
the
at
Radio
Mackay
directly with
Operating revenues
Operating expenses
•
Up 6%—
1945—Month—1944
sition—
Circuit—
tion
District Power Co.—Earnings—
Lake Superior
10
i
p ying
-v.si6£TT75r":"' $3'306>673 ;$3'120'079 *22,33*303 $2*459 544
Malabar
$420,584
Total other income
,
McLellan Stores Co.-^-August Sales
Period End. July 31—
plant Aug. 12 and is now undergoing
final
test flights
at the site Luscombe acquired this year about
eight miles northeast of Dallas.
Additional Silvaires already are
under construction on a new assembly line.—Vi 162,.p. 460.
^b.iuo
operating revenues.
Net
■<.
corporation has completed plans for immediate manufacture
at Dallas, Tex., in volume of the first post-war version of its famous
Silvaire
all-metal personal airplanes, it was announced Aug. 24 by
Leopold H. P. Klotz, President.
; \ .
By means of manufacturing facilities already in. operation, and
others
nearing completion, Silvaire production by Oct. 1 will be
stepped up to exceed by a substantial margin the top Silvaire produc¬
tion achieved before the war, Mr. Klotz said.
At least 1,000 Silvaires
are scheduled to be completed at Dallas by the end of the year.
The first of the Silvaire 8E's, as the new airplane is designated,
'Ton
taxes
Other
Airplane Corp.—Producing Silvaires—
The
was
$2oJdScfi
revenues
Maintenance
1G],
(Oscar) Mayer & Co., Inc.—Partial Redemption—
and
La Salle-Wacker
Luscombe
3*
,ge
,
1, 1945,
the cor¬
decrease of 24.5%.—V. 162, p. 987.
responding week last year, a
ig45
to the extent of $107,033. and the balance of
together with the post-war excess profits tax refund which
nated as a result of the settlement, has been reflected
t t
against profits for the six months ended June 30
194sJ_v
p. 2449.
'
•
1944
during
output of this company for the week ended Sept.
25,616,000 kwh., as compared with 33,920,000 kwh. for
Elbctric
totaled
10
•
162, p. 675.
Louisville Gas & Electric Co. (Ky.)—Weekly
outstanding common stock.
shares (or 97.736%)
Corp.—Offer of Exchange—
It is announced that on Oct. 31, next, $755,400 aggregate principal
amount of 5%
fixed interest bearing bonds of La Salle-Walker Cor¬
poration will be issued in conversion of and exchange for outstanding
first (closed) mortgage bonds (income bonds) of this corporation and
that on or before Oct. 1, 1945 the First National Bank of Chicago,
trustee, 38 South Dearborn St., Chicago, 111., will receive tenders of mcome bonds to be converted into and exchanged for said fixed interest
■,
York,
New
City of
the
of
Street, New York, N. Y.—V.
\
will, be made at The Chase
corporate trustee, 11 Broad
Payment
interest.
and
103
National
of 48,868
holder
at
1974
'
-V
,
Monday, September
CHRONICLE
THE COMMERCIAL & FINANCIAL
rwy.
From
Gross
Net
oper.
Jan.
from
1945
railway
railway
oper.
income__
162, p. 571.
•
1944
,
$155,032
'
60,597
54,454
26,726
>
1,150,922
390,086
167,190
;v-
.
22,293
- •
Zl,283,220
.
.
$145,238
60,034
43,275
$149,152
18,785
'
1942
1943
$168,473
47,789
income__
1—*
from
Net rwv.
V.
railway
railway__^___
499,4"8
828,046
280,711
187,265
1,004,473
375,664 ",
227,242
174 546
^
'•
-
-
Number 4419
162
Volume
THE
Missouri & Arkansas Ry.—Earningsrailway
railway-
from
Net
income—
oper.
Net rwy.
1944
$175,806
*5,910
*45,819
from
c;>; Winnipeg
$179,374
*1,157
*13,717
*27,718
railway
1,412,688
Net from railway
20,276
/
Net rwy. oper. income—
*254,538
*
Deficit.—V. 162, p. 676.
B.)
Illinois
1,441,734
1,291,599
Net
ry.
railway—
income—_
oper.
that
St.
(Que.),
Montreal
(Ont.),
S.).—V.
195,106
134,426
25,210
Gross profit
_
Oper.
1943
1942
$253,991
21,336
'
61,929
$7,275,849
5,931,507
$1,020,957
$1,344,341
859,088
904,269
902,350
$309,638
$116,687
16,495
3,959
$441,991
6,548
$326,133
$120,647
$448,539
adver., distrib..
administrative—
and
_
Net
income
Provision
before taxes
for
taxeS
inc.
on
These
income
on
'
60,323
from railway
Gross
railway
from
Net
Net ry.
—V.
2,037,988
895,206
259,256
income—
137 and 571.
oper.
162, pp.
1,804,340
679,396
219,558
-
1,766,019
1,783,525
897,018
394,975
776,096
226,161
Earnings
per
share
common
including Federal
1943, $198,000.
profits
tax
in
$0.43
1945,
Comparative Balance
Missouri-Kansas-Texas RR.—July Earnings—
Period End. July 31—
Operating
revenues
Operating
1945—Month—1944
expenses
Inc. avail1, for fxd.
Fixed charges
chgs.
$7,521,199 $52,781,321 $47,421,562
4,935,148 ' 35,338,970 32,462,250
War
441.854
4,363,699
4.244,699
'
245,280
196,574
1,425,649
2,938,050
1,759,680:
2,485,019
"
329,310
.
:
V.
?
On
Capitalization
'. •
^
Authorized
,
Feb.-May
-
Inc.
Interest
Pro v.
int.,
etc.—___
-
•
for
depletion
amortiz.,
Deprec.,
tirements
Other
Gasoline
Co.)
*
*1945
'1944
1943
$4,357,000
$4,283,000
625,000
428,000
16,000
51,000
29,000
43,000
69.000
217,000
222,000
bef.
Fed.
taxes
■A
&
dividend of
stock,
Dr38,000
Cr24,000
Cr50,000
$352,000
taxes
$1,348,000
$347,000
$243,000'
in'treasury.—V. 161,
262,000
639,000
157,000
71,000
$90,000
___
683,506
464,196
7
cents
share" has
per
declared
been
on
$6,109,843
Period End. June 30—
Net
sales
$709,000
$190,000
$172,000
1945—3 Mos.—1944
♦Earnings
" *
——
share—_
per
on
the
660,964 shares of
including estimated
$9,827,284
330,179 '
'
$0.50
and
1945, includes four months for Mohawk and one
Wilmington from end of latest fiscal years Jan. 31, 1945,
30, 1945, respectively; 1945 includes Mohawk year ended
for
April
Jan.
31, 1945, and Wilmington year
cludes Mohawk year ended Jan.
of
acquisition
31
Jan.
of
tIncludes
$930,103
June
1,
Mohawk
sales
for
1943
April
30,
1945;
1944
in¬
31, 1944, and Wilmington from date
April 30, 1944; 1943 fiscal years ended
to
only.
of
four
ended
$2,013,309
months
for
year
ended May 31,
ended
1945,
Plant, which are subject to renegotiation.
fRenegotiation applies to 1945 periods.
Jan.
31,
and
1945,
respectively, to Defense
record
Sept.
Co.,
1938,
cash, accounts
successor to Mohawk Petrol¬
organized Oct. 8, 1928.
On or about Jan. 31,
purchased from the predecessor all its assets except
of
$1,792,000,
payable
$240,000
cash
in
and
bal¬
the
of
ance
Net
tBefore
$0.95
$0.89
Company's subsidiary, Wilmington
Co.,
Gasoline
natural gasoline plant at Wilmington, Calif.
the owner in fee of, or holds leasehold estates in, unde¬
a
Company is
veloped and producing oil and gas properties in the State of California
(subject, in the case of leased properties, to royalties payable to others
in respect of oil and
gas produced therefrom),
comprising 525 acres
of
producing properties and 3,386 acres of undeveloped properties, or
total
a
the
and
of
3,911
acres.
The
terms
of
the
oil
and
gas
held
leases
rentals accrue
from
month
to
month
and
are paid currently.
In each
where rentals are paid they are in lieu of
drilling and cease
drilling is commenced.
Company has a total of 28 producing wells, all of which are located
instance
when
leased
on
lands
wells and in
est
in
of
one
subject
to
Kern
the
County, Calif.
In
four of the producing
"dry holes" the company has but a 50% inter¬
royalty.
During this same period three
tions
special
ry.
The
„.n Cov)nty, Calif.
unit
combination
unit
referred
to
in
fb)
above has
a
rated
for
process
production of gasoline
zation plant has not
it
162,
have
p.
been
783.
(constructed
been
used
utilized
in
December,
recently because
in
the
Defense
1938).
the
Plant
The polymeri¬
gases
to
plant.
necessary
July—
.
Gross from
riahvay
Net from
railway
Corporation
other
161,
this
on
cents;
week
stocks
payable
dividend
to
the
the
from
Net
ry.
—V.
®
income
<
railway
railway
oper.
162,
p.
1945
1944
1943
1942
$545,226
$546,901
$578,113
$582,441
291,250
261,762
329,405
328,319
75,750
151,001
113,184
116,524
•'
income
3,559,952
3,984,170
3,857,514
1,734,766
2,094,070
824,176
2,120,661
848,668
2,412,679
573,341
903,567
676.
the
outstanding first
1964, have been, called
'
bonds, series B, due
Oct. 1, 1945, at 103
and interest.
Payment will be made in lawful money of the Dominion
or-Canada at The
Royal Bank of Canada in Vancouver and'Victoria'
July
2.
t$443,138
*'$561,884
and
contingencies
1658.
amounting
to
mortgage
for
4,/4%
redemption
on
of
Production
tools, for
Commission.
has approved
Board-has
the
maintenance
Haven,
the >
granted
construction
and
shop for the
Conn.,
it
New
announced
was
1944
1943
$276,188
$246,473
163,666
102,212
169,174
162,743
160,102
1,780,174
1,574,718
1,724,261
882,180
632,855
966,210
1,061,026
797,830
1,098,412
.
1,636,190
.761,281
-
1,119,385
and
Exchange
•1942
$224,223
76,452.
subsidiary of National Fuel
a
31
approved
the
gas production plants, transmission
three New York State communities to
in
Gas
Co.
in. the Village of
Langcastpr, Town of LangAlden, will be transferred for a base consider¬
cash, plus the reasonable value of all additions
of
since
Feb.
26,
1945.—V.
Susquehanna &
162,
572.
p.
Western
RR.
Earnings—
1945
1944
1943
1942
$380,398
$438,863
$513,370
$367,152
146,964
172,473
230,663
177,373
60,818
60,654
95,149
113,648
2,867,148
1,155,034
3,473,314
3,425,730
2,313.351
1,509,520
532,360
1,612,830
640,863
936,387
406,186
railway
income
oper.
Sale—
Aug.
on
located
the Town
York
Commission
natural
facilities
$125,000 in
from
Net ry.
$236,000.
t
From Jan. 1—
from
railway
Net from railway
Net
share has been declared on the Income
ry.
—V.
15,
March
six
15,
cents;
10
income___
oper.
162, p.
487,512
572.
Sept.
New York Telephone Co.-May Fill Home Telephone
Orders by End of Year—
cents: April 26, a
15, nine cents, and
The
six cents
31.
This
cents on
initial of
manufacturing
restrictions
service
those
declared
22
a
three-quarters
to
arrears.
of
central
office
equipment.
this
About 49,000 applications in
group.
Long
Island
"In
and
those
Westchester
where
areas
by
central
where
areas
in
are
New
York
City,
/>.Y'
is
need
we
said, "we hope to reach
the end of this year.
those
this group
County.
all
pany
telephones," the com¬
now on the waiting list
new
every
family
must
expand
^
we
switchboard
office
equipment before we can add
ask the patience of
applicants for a longer
this may
be more than a year, although
and
telephones,
new
time.
In
limited
,h 42
.
other
must
we
instances
many
amounts
of
new
equipment and normal disconnections will make it possible to take care
of a
substantial number of the oldest applications in less time."—
V. 162, pp. 678 and 990.
Co.—Dividends—
dividend on the prior lien pre¬
of a full quarterly dividend,
Niagara Hudson Power Corp—Bids Invited—
The
quarter ended June 15, 1935, and two-thirds
quarter ended Sept. 15. 1935, being the first quarters
in
lack
making
announcement on
Aug. 29, 1945, the company re¬
ported that of about 284,000 applications for home service on its wait¬
ing list, a third or some 79,000 come within the instrument shortage
the
are
in
the
telephone industry, now:., that
withdrawn, indicates that home telephone
by the end of this year in all or most of
delays have been due to instrument shortages
been
which
to
than
outlook
have
supplied
in
cases
In
Association—Output—
Service
Public
be
can
rather
Checks
the
for
dividend
will
whole
Gas
be
N.
14,
Corporation
of
Y. City,
Corp.
to
up
that
announces
445,738 shares of
Electric
&
received
be
Sept. 11.-
noon
proposals
stock
common
will
(no
at
for
the
par)
Room
.
purchase
of
Central
1826,
15
as
a
Hudson
Broad
St.,
■
...
•
The SEC has granted the corporation an exemption from competitive
bidding in connection with the proposed sale of its preferred stock
holdings in Central New York Power Corp., a subsidiary.^'"Niagara
series, and $1.31 Y\ per share on the prior lien pre¬
stock, $7 dividend series.
Like amounts were paid on March 15
15. this year, and on June 35. Sept. 15 and Dec. 15. 1944.
Hudson
June
March
New
Conn.,
Haven,
War
.122,122
186,703
income
betterments
Net
owns
17/20
41,515
shares
such
of
stock.
The
Commission also approved Niagara Hudson's proposal to'dell all
its holdings of 445,738 shares of common stock of
another (sub¬
sidiary, Central Hudson Gas & Electric Co., finding it necessary to
comply with the provisions of Section 11 (b) of the Holding
and in each quarter during 1943 the company paid
dividends equal to one-third of the full quarterly rate.
Arrearages, after giving effect to the current declaration, will amount
to $61 per share on the $6 stock and to $70.87V2 per share on the $7
of
stock—V.
bidding
On
15, 1944,
162,
Act.
989.
P.
This
sale
will
be
requirements
conducted
Rule
of
in
with
accordance
U-50.
however,
Company
the
competitive
the
and
Commission
reserved
jurisdiction of the results of such bidding.
T
from the two sales, together with other funds
aggregating
$63,000,000, will be made available to Buffalo, Niagara & Eastern
Power Corp.. a Niagara Hudson subsidiary
holding company,, to enable
that
company
to retire its outstanding $1.60 cumulative -preferred
.
Chicago & St. Louis RR.—Earnings—
New York,
Period End. July 31—
,
income
Gross
inc.
&
1945—Month—1944
$7,598,372
exc.
stock
1,778,000
390,102
Net
operating
income
Net
income
J
1,634,684
fund &
appropriations
Sinking
to
L,761,500
!,586,581
11,408,135
.,596,811
8,184,782
1,159,373
If
8,333
341,667
7,843,115
1,101,040
New York,
New Haven
A
sixth
Haven
supplemental
road
was
Hincks
&
ICC
The
Reorganization
:
plan
four
•
of
approved Sept.
the
1 in
ICC reorganization of the New
voluminous decision by Federal
a
the U. S. District Court at New Haven.
The- plan
almost exclusively concerned the New Haven's relationswith the Old Colony RR. ' The court approved the proposal of the ICC
Judge Hincks and filed in
for
step
Buffalo
Electric
Changed—
Hartford RR.—Sixth Plan
Accepts
preliminary
plans
in
its
reorganization.
fail
Niagara
will
use
,
.
Corp.
the
]
^
j
.
-
approval or are, i\oi;,:conproceeds for other corporate
of
; '
:V'
>
Increases Stocks—Authorizes
—
Debentures and Notes—Exchange Offer to be Made to
Triumph Industries Stockholders—Annual Meeting- Date
880.
Approved—Judge
Proposal—
a
Noma
58,333
596,334
83,333
1,551,351
as
the
summated, Niagara Hudson
purposes.—V. 162, p. 784.
other
surplus
p.
2,991,000
604,667
155,104
1,939,962
2,517,886
958,732
______
162.
1945—7 Mos.—1944
$8,643,205 $56,625,913 $59,450,497
profits
taxes
Balance
Proceeds
in all
4.107,079
Nanaimo*Duncan Utilities, Ltd.—Bonds Called-?^
of
t$581,037
stock, $6 dividend
ferred
—V.
(■
All
1943
1945, to stockholders of record of Aug. 31, 1945, on
basis:
$1.12y2 per share on the prior lien preferred
Sept.
New
,1945 /
$239,978
July
Gross: from railway
1944
15 to holders of record of Aug. 31.
is applicable as follows;
One-third of the amount of
to
following
at
:
corporation's
and
New
Aug.
Aug
on
which' dividends
for
mailed
Commerce
Connecting RR.—Earnings—
properties,
ation
and
war
equal
dividend
This
purchase
is-sought
in
an
cars
572.
p.
the
The
p.
Series:
June
ended
Sept.
on
box
989.
p.
distribution
676.
p.
Trust
England
directors
The
ferred
under
1935.
centrally located Diesel shop to supplement repair and
Securities
caster
Stamping Co.—Earnings—
10 cents per
Other railway
Prom Jan. 1—
Gross from
Net
162,
1945
taxes
oper.
no¬
and
issu¬
for the Aug. 31 week is reported at 100.689.000 cu. ft., a
4,154,000 cu. ft., or 3.96% below production of 104,843,000
ft. in the corresponding week a year ago.—V. 162, p. 989.
•
Monongahela Ry.—Earnings
ry.
of
of
New
at
locomotive
located
Iroquois Gas Corp.,
Gas output
cu.
Diesel
new
be
railway
railway.,,
oper.
"In
decrease
a.
of
ago.
Fed.
Net
official
privileges,
notice
of
31, the Association reports electric out¬
put of 12,775.647 kwh.
This is an increase of 24,749 kwh., or 0.19%
above production of 12,750,898 kwh. for the corresponding week a year
thereof
the
the treatment of pressure distillate produced in the
having a rated capacity of 1,400. barrels per day
November, 1938); and (e) a small polymerization plant
utilizing fixed gases evolved in the cracking operation for the catalytic
—V.
and
Industrial
the
to
(constructed
operate
par), on
official
on
shares.—V.
New England Gas & Electric
For
said
capacity of 5,000 barrels a day of virgin crude and topped crude oil
(constructed in September, 1938); (d) a combination hot clay treating
cracking
($1
conversion
stock
listing
Shares, par $1, a distribution of
was
declared payable Sept,
15 to holders of record Aug.
compares with five cents paid on
June 15, a special of 15
April 26, and six cents on March 15, this year, and an
three cents on Dec. 15, 1944.—V. 162, p. 571.
A spur track and a number of storage tanks, an
loading racks and an ethyl unit are situated on leased
refinery.
The Bakersfield
Refinery is comprised of:
(a) A distillation unit
having a rated capacity of 6,000 barrels of crude oil charge per day
(constructed in November, 1935); (b) a combination unit/ including
both distillation
and thermal cracking vessels
(constructed in July,
1935, and rebuilt in
January, 1940); (c) a thermal cracking unit,
rerun
the
the
eight cents.
the
Court
______
162,
.
landowners'
company owns a refinery, situated on land (approximately 32.12
acres) owned
by it in fee, located on the main line of the Atchison,
Topeka & Santa Fe
Ry. approximately three miles west of Bakersfield,
which with the
eight
of
15.
On
road
since
par
made
were
Haven
New York State Electric & Gas
Corp
$1, payable Sept. 15 to holders of record Aug, 31.
This compares with eight cents paid on June 15, a special of 10 cents
on April 26, and 12 cents on March 15.
In 1944 the following distribu¬
additional wells have been abandoned and
it is contemplated that five
additional wells will be abandoned in the near future.
office building,
lands adjacent
Shares,
current
on the Pron"ssory notes will be invited by the
railway
railway
oper. income___
ry.
—V.
National Securities & Research Corp.—Dividends—»
by
company vary.
In some instances the company has paid bonuses
advance rentals in connection with such leases and in other cases
post-war
under
$1,776,965.
machine
sale
authorized
stock
of
common
884,297Ya
renegotiation.—V.
A distribution of
Dec.
California.
listed
Boston
would be built by Pullman-Standard Car
be
from
Gross
State
of
has
common
exercise
of
profit after charges and taxes.
Series
and operates
of
the
shares
National Enameling &
$1,552,000, evidenced by a promissory note of the company
secured by a lien upon the transferred assets.
This promissory note
has been paid in full and the liens
securing it satisfied of record.
Company is an independent oil company, engaged primarily in the
refining and marketing of petroleum and petroleum products in the
owns
.Exchange
6 Months Ended June 30—
receivable and certain other non-operating assets, for a
price
be
to
of- the
the
in progress
Interstate
the
A
162/
from
stock.
tNet profit after all charges,
normal/surtax and excise profits taxes.
shares
upon
the
and
from
Net
upon the exercise of the common stock purchase warrants, which
if approved, make the total number of shares of common stock
ance,
will,
was
company
Stock
additional
issuance,
additional
♦Before
Property—Company is the
which
purchase
of
authorized
10.
Business and
eum
tice
New
been
wood-lined
to
and
to
29.
Net
$8,801,298
.
Dividend—The board of directors has declared a dividend of 20 cents
per share on the capital stock
($1 par) payable Sept. 20, to holders
of
133,333V3
90,000
of
settlement
a
the
of
$675,000,
and
York
collateral
objection
common
Federal
«
$1,421,500 in promissory notes for the
company
July—
Gross
Net
588,965
Listing of Additional Common Stock—
New
war-time
.
contentions
...
From Jan. 1—
Gross from
632,374
$0.50
holding
the
that
materials
New York
common
The
The
in
and New York is required to care forlarge number of Diesel units the road
operates in the New Haven
tne
1945—€ Mos.—1944
$4,429,475
328,948
of
;RRi
Aug.
area.—V.
(& Subs.)- -Earnings—
$5,101,345
_________
profit
barometer
maintenance,shops at Boston
1943.—V.
National Container Corp.
claimed
reorganization
District
of
for
equipping
*February-May,
month
Federal
permission
1546.
p.
out
bankruptcy laws has
the
expenditure
Net
♦On
income
The
100,000
with
17,
tNet
renegotiation
Net
shares
fair
few -banks
a
rules
nnew,sfJel"sllea"1C('
of
1,500,000
$1; payable Sept. 18 to holders of record Sept. 8.
This com¬
5 cents
per-share paid on Sept. 25, last year, and on
160, p. 16341
" "
par
pares
of
income
on
io,000'
that -they? reflected
a
Court Approves
Expenditure for New Construction—
National Bellas Hess, Inc.—Larger Dividend—
,
.
Inc.
fFed.
*Includes
and
who
ranroad^1^0 bidding
298,263
* 301,276
$6,434,699
'
The
the
of
3,044,181
■
1_
road
?
e cars'
Manufacturing Co., would
176,000
Cr31,000
'net
.___>
•
77
!Lh
Haven
Sept.
deductions
surplus
ground
>
specifically
court.
1,500,000
r___
Total
re¬
&' abands._
income
other
Wilmington
t$2,260,000 t$6,924,000
392;000
1,632,000
1,000
19,000
1,000
10,000
—————
bef.
Earned
the
on
bondholders
3,044,181
par)—
Colony
road.
decision
application
$401,927
437,991
100,000
no
after-the depression of
was
plan.
The Appellate Division sustained all pro¬
plan with the exception of the conditions pertaining
nfA*™orlty to issue
$6,109,843
280,958
Cjapital surplus
payments
Equipment Notes—
1
$388,063
-
Old
Haven
nigner
22,500
1,020,977
1
(net
-——Years Ended Jan. 31
•
"1945
Sales
117,876
;___
—
taxes
•-Reserve, for contingencies..
♦Capital stock (150,000 shares
Comparison of Sales and Income
wholly-owned, sub.,
for
the
section
1,002
975,843
company
expenses
Reserve
authorized capital
and
payable
Accrued
Outstanding
240,000 shs.
500,000 shs.
;
par),
(Company
1,002
»
sub,
the
conditions would be
premature.
Haven road officials
pointed out that the decision need not be
nnal because
Old Colony Interests still have
the right to appeal to a
57,358
——1
$6,434,699
Accounts
'
par)
%
to
that
Increased/bond assignments should
.terminal
240.000
70,729
89,109
'
Total
1945; the articles of incorporation were amended to re-^
stock from^$2,500,000 ($10 par), to $500,--,
and to reclassify the 24,000 shares ($10 par) stock then
outstanding into 240,000 shares ($1 par).
the
($1
policies
profits tax..
__________
advances
Haven
New
sixth supplemental
plan was announced by the ICC on May 14
appeal was taken to the Appellate Court from
Judge Hincks's
-Tha
>94,604
240,000
cost—
insurance
excess
the
of
an
New
2,785,793
97,562
2,524,269
Goodwill, trademarks, patents, etc.
July 20,
duce
000
at
of life
pointed out,
the
higher;
to
1944
;
...
__________
securities,
value
securities
stockholders
and. therefore, were not
New Haven values have
since
The
$698,052
1,091,993
100,568
Government
surrender
and
visions of the fifth
1,139,663
claim..
1—
reorganization
court
,,fy. Judge Hincks
levels
after
Liabilities-
r
($1
termination
be
to
should be larger because the
line's value has increased in the
years were denied by
Judge Hincks, who used 1942 figures
ard>
This>
was
traffic
be
30
$1,125,640
_______
expense
Investments in and
Physical properties
certain stockholders.
stock
S.
Cash
June
receivable—..——
Post-war refund of Federal
Miscellaneous investments
Mohawk Petroleum Corp.—Stock
Offered—Blyth &
Co., Inc. on, Aug. 28 offered 120,000 shares of Capital
Stock ($1 par) at $13,375 per share.
The stock is out¬
standing and was purchased by the underwriter from
Capital
contract
Prepaid
will
Old
pay
three
1930s
-
hand.
on
the
approval^of the fifth
of
as
jg^g
and
accounts
Inventories
v
198,170
charges
—V. 162. p. 988.
,
•
banks
Customers'
527,480
______
fixed
after
Inc.
$7,582,493
5,252,981
___
Assets—
Cash in
1945—7 Mos.—1944
.
Sheet
claims
of
all-time high rail travel of
1943, 1944 and 1945.
Last-mmute data presented
by attorneys for bondholders were ruled
.
'
them
the
nil;
1944,
$119,000;
all
addition
ai'8uments of the Old Colony
f
$163,539
$1.16
$0.87
excess
bonds
The
tnat
$121,133
,
its
all
in
,
to
285,000
$60,324
205,000 '
income
and
noted'that the payment should be in bonds and not
cash, for if cash were used it would "dilute the
capitalization
already fixed for the New Haven."
This capitalization had previously
been set at
$365,000,000;
;
From Jan. 1—
Net
cancel
assume
taxes
in
past
profit
income (rtet)___
Haven
expenses,
and
'
road.
incl.
exps.,
Miscellaneous
163,391
1943
4,496,348
$295,955
98,303
1944
$5,517,605
$1,168,726
sales
on
line
1945
sold—
.Net operating
1944
New
operating
$6,266,118
5,097,393
saies
Cost of merchandise
229,352
35,272
$332,043
143,759
35,849
the
against the Old Colony for'
Colony's reorganization
the bondholders of that
$4,398 305
in
fixed
interest
bonds
and
$3,299,798
in income
Donds.
Old Colony stock will
have no value in the reorganization.
161, p. 2789.
6 Months Ended June
30—
909,826
412,004
1945
$326,412
128,116
37,512
from railway—-
from
Toronto
(N.
Munsingwear, Inc.—Earnings—
62,042
RR.—Earnings—
July—
Gross
Net
(Manit.),
Halifax
1173
expenses
general
Missouri
and
FINANCIAL CHRONICLE
$159,095
Net
from
(N.
1942
1943
$233,360
82,738
34,146
1-—
From Jan.
Gross
(BJohn
1945
July—
Gross
COMMERCIAL &
•
'
-
•
stockholders,
at
v
;
-
the
1.
•
-special
business.
of
I
j
.
meeting held on Sept. 5,' approved
amendments designed to finance prospective increasing peacetime
a
Approximately 70% of the outstanding stock voted
changes, which are as follows;
Y
,
increase
An
shares
of
$1
par
2.
The
3.
Authorization
in
common
value
elimination
of
of
stock
from
500,000
.
shares
,
fn'--#avor
-ifT
to; ,l,0OftOOO
stock.
preemptive
the
right
of
rights of stockholders.
conversion into stock
of
a
pro-
FINANCIAL CHRONICLE
Tfflt COMMERCIAL &
posed
of
issue
nnnvprtihip
^hese
of
amount
l-~
ol
cost
saiis"::;::
19.299,520
the
with
connection
in
increase
stock
common
*
Wednesday in June from the first
because of difficulty encountered in getting annual
holders in time for the meeting.
first
the
to
for
Provision
and deprec—
deplet,
(1)
$15S "ISftS
income
Other
__
100,
to
5,375,158
be
Interest
funded
on
debt
1.046,730
871,906
of
stock,
disbursed
was
V.
162,
to holders of record Sept. 24
15, March 31 and July 14
Oct. 10
payable
$1,
par
amount
current year,
capital
A like
of the
share has been declared on the
25 cents per
Jan.
on
1943.
March 1Q and Oct. 16, 1944, and on March i0,
on
be
676,070
13,817
661,261
434,060
9,942
3.344,425
1,756,785
1,335,006
529,298
Excess
profits
$7,355,030
$7,959,891
$6,432;526
tax
Net
profit for period to surplus.,.
Cash riivs. paid on pfd. stock_i,
Cash divs. paid on common stock—
Southern Ry.—Earnings—
Norfolk
1945
1944
1943
1942
$620,077
$806,036
$790,110
$776,778
116,348
235,434
255,202
327,329
42,451
103,669
117,807
141,144
July—
from
Gross
Net
from
Net
ry.
railway
railway
income—
oper.
Profit
——
retired
in
and
5%
Pottsville
note
to
amount
the
of
$1.21
1,640,844
$0.97
from
4,625,834
Net
ry.
1,029,313
—V.
162, p.
372,901
409,119
572.
Ry.
Bonds
—
Offered—A banking,
1, 1975 at 100 and interest.
The bonds were awarded
Sept. 6 on a bid of 98. 1 This -was the only bid submitted.;
The proceeds will be used for refunding purposes.
Earnings
for
from
railway
railway——
from
Net rwy.
and
Year
to
1943
1944
1942
Period End. June 30—
Operating revenues
5,081.154
1,959,774
1,976,617
2,800,112
3,821,508
2,442,396
84,988,588
88,429,100
28,384,965
12,633,916
79,476,273
1945—3 Mos.—1944
29,591,727
17,167,062,
17,149,381
12,063,565
i__
$350,446
220,953
32,712
29,658
___
Federal
11,811,926
Northern States Power Co.
Net
income
taxes..
19,800
income.....
Other income" __.1Z_.Z__
Int.
(Del.)—Weekly Output—
•
support
of the Civil Aeronautics Board examiners late in
they recommended that the airline be granted a cer¬
fly from the terminals of New York and Chicago to
when
to
Manila.
-
—v.
Stops
would
be
made
Paramushiro,
route
en
at Edmonton, Canada;
Islands;, Tckyo, Shanghai,
Kurile
Anchorage,
and Hong.
'
The
international
Ross
T.
New
York
Newmann
to
route
and
recommended
Lawrence
Manila.,
This
by
KosMrs,
A.
the
board's
9,449
covers
examiners,
miles
the
from
mainland
to
weeks
is
the
to
to
examiners'
recommendation, a period of about two
the filing of
exceptions, then some 30 days for
briefs, preceding ' arguments before the board.
With
allowed
the
for
filing of
these formalities
that
disposed of.
decision
a
of
this
The
from
With
laid
there
board
is
might
authorized
Hunter,
"New
trunk
President
?Tn
n.
and
the
line
waukee
and
to
and
Chicago
General
Asia,
the
Manager
Cities
Asia.
California
ports
preeminent,
enjoyed
but
with
as
will
engine
buy
will
buy
type;
it
on
all
of
its
results
of
The
of
J
Northwest
conducted,
will
the
cities
new
examiners'
Air¬
for
export
such
a
radical
departure
another
the
of
be
embodied
the
production
on
made,'it
Aug.
latest
Pro-,
the
of
and
to
and
at
Bow
Lake,
Wash.,
and
of
at
bases
aiyP°n aifc New York-
r
at
Idlewild
the
Seattle-Tacoma
North
of
can
ordnance
employment
announced
plant,
manufacture
American Co.
700,000 shares
of
world's
rifle
is
of
when
at
Winchester,
roller
skates
but
will
be
the
largest
and
plant
for
redemption
stock
of
(no
the
until
of
par)
all
7??
past rc!utes> but hy
ever charting
when it extended
i
now
10
t
Twro^ii
t
carriers,
-fv.'881? 01 the worW's
outstanding mter-
Gf®v® Title Corp., Asbury Park, N. J^-Pays
Liquidating Dividend—
Final
company
par
yalue)
per
share.
Asbury
of
originally
Mortgage Co.
President.
15,
the
date
a
oper-.
.
'Ocean
Wagner,
Grove
40
National
Exchange
Bank
Place,
no
of
further
It
Monmouth/Title &
Trust"
New
value.
6%
York, N.
certificates
Y.,
was
•
V
:
fv
156,
of
ICC
details
preferred
outstanding
share
per
of
its
stock,
$3.50
Jan.
on
in
1,
plan
order
as
to
to
than
on
Operating expenses, maintenance and taxes
Depreciation and retirements
Interest, amortization of debt premium and
pense
(net),
Preferred
etc.,
dividends
Miscellaneous
of subsidiaries
of
;
purchased
(parent
?
245,765
211 031
18 156
25329
ex¬
(For
1946.
The
—V.
161.
P.
Fed.
the
(Del.)
is
in¬
an
purchaser
to
not
be
of
ac¬
included
Sheet, Feb. 28, 1945
plus
fees
and
share
per
disbursements
of
&
for
the
three
months
ended
income
of
r
of
purpose
SEC
will
hold
acquire
Inc.—Hearing
listed
capital
of
Gas
Co.,
Pennsylvania,
as
hearing Sept.
John
below.
stock
stocks
a
is
.>
Penn
owned
Pottsville
gas
well
H.
utility
as
Ware,
is
a
by
Gas
on
10
proposal
of
Ware
Heating
companies
voting
the
3rd,
Oxford,
Pennsylvania
Ware.
&
Proposed Acquisition
on
control
Co.,
four
the
Pa.,
2,425,710
2,464,587
1,375,000
1,110,000
21,986,816
21,920,788
18,436,880
587,609
429,562
770,859
25,591,552
22,574,425
22,350,351
19,207,739
17,525,000
14,980,000
14,290,000,
13,065,000
8.066,552
7,594,425
109,277
owns
and
other
companies.
the
on
taxes
on
subsidiaries..
inc.
applic.
of
107,817
all
of
entire
6,142,739
120,603
119,568
8,174,370
stock
7,703,702
8,180,954
6,262,307
2,743,984
2,743,984
2,743,984
2,743,984
$2.98
$2.81
$2.98
$2.28
out¬
share__ZZ
Balance Sheet
as
of June 30, 1945
Assets—Cash in banks and on
hand, $33,022,801; U. S. Government
at cost,
$20,758,538; accounts receivable, trade and misceli^e?US'- $48fL'2.3i: merchandise, $96,907,527; advances to and invest¬
ments
in
securities
subsidiary
amounts
companies (including'
shown by subsidiaries'
balance
as
?
fixed assets (net>'
1
$504,703; total, $172,884,784.
Liabilities
Accounts
for
'*
Federal
and
accrued
income,
par)-
$.172,834,784.—V. 162,
$33,822,767;
p.
surplus),
at
$31,648,971;
liabilities,
$35,704,687;
i.and emRl°yees' death benefits,
no
total,
payable
taxes on
undistributed
sheets, $6,953,289; mortgages
$14,228,644; deferred charges,
,
reserve
$2,888,481;
surplus
for
fire
stock
$68,819,879;
common
(earned),
784.
Pennsylvania RR, —Earnings of
Regional System—
(Excludes L. I. R. R. and B. & E.
R. R.)
Period End.
July 31—
1945—Month—1944
$
Railway
oper.
$
$
$
87,548,925 577,076,636 590,054,182
10,084,049
16,141,793
1,092,240
33,023,395
1,422,470
1,461,556
10.522,724
68,474,443
66,862,923
16,108,590 108,412,602 110,962,911
1,045,583
7,249,412
7,363,339
31,787,789 239,885.757 227,921,778
1,339,544
9,278,155
9,478,704
1,364,801
10,117,792
10,753,582
opers.
18,283,201
25,384,894
134,319,729
6,478,000
1,092,320
1,183,293
48,092,000
taxes__
structures
•
Maint.
of
equipment-.
Traffic
Transportation
Misc. operations
General
Net
fr.
rev.
ry.
Railway taxes
Unemploy. ins.
Railroad
Equip,
Net
bal.)__
553,133
(Dr bal.)
211,193
12,412,831
1,086,907
'1,177,494
591,789
.212,123
income
8,765,262
9,903,750
retire.- taxes__
rents
facil.
(Dr
rents
rwy.
1945—7 Mos.—1944
81,508,704
revs
Maintenance of way and
oper.
156,049,691
71,298*092
7,536,669
8,237,319
8,128,735
5,494,837
5,919,149
1,457,553
1,367,885
7,603,597
.
'
61.799,161
63,434,423
Earnings of Company Only
July—
Gross
1945
from
Net
operating in
public utility
Net
ry.
railway
railway
from
Co.,
8,060,351
to
stock
com.
standing
Earnings per
and
Gas
2,205,753
income
com¬
certain
corporation,
also
Bangor
organized
of
of
$
1,558,000
income
Fed.
common
Shs.
1945,,
this
from
1942
$
purch., int.,
misc.
on
for
provision
!
31,
of
1943
$
666,787
Net
.
counsel.—•
(Inc.)—
March
1944
2,564,010
plans__
Balance
pre¬
•
the
to
52 562
42 905
'
'
2
Penn
transactions
$26,404
$45,513
exception
(1)
July
may
be
summarized
oper.
1944
1943
1942,,
$81,311,251 $87,339,236 $86,514,903 $75,013,014
18,271,308
25,402,526
33,952,970
28,132.498
8,771,369 ;
9,938,711
17,037,762
15,515,056
income.
.
From Jan. 1—
of
The
Gross
as
to acquire from Ware for $573,000
securities of Pottsville,
Bangor and
follows:
in
$93,000
1941,
Gas
all
the
with
common
stock
($50
par);
from
Net
ry.
the
first mortgage bonds of Citizens not
owned by
so to be
acquired by Penn are the following:
Co.—$100,000 of 5V2.% first mortgage
bonds, due
and 800 shares
from
Net
cash
Citizens,
securities
Bangor
1,
proposed
proposes
outstanding
Ware.
by
decrease, subject
Net profit before Fed.
After
____
2451.
assumption
($47,625)
represents
a
.
52 041
company)
the
24,924,766
on
«
reports
—
income
difference
represents
94,455
statement, conversion of pounds sterling
is at $4.03 V3 to £1, and the
exchange value of Bolivian currency isN
approximated at 42 bolivianos to $1.]—V.
161, p. 2664.
J The
•
Net
of
Miiford
210,761 538 203,673,020 191,616,544 178,496,121
612,734
439,828
380,504
583,898
687,808
753,845
805,837
815,366
income
taxes
issue
net
income-after
taxes
for
the
three
months
ended
31, 1945, as above, includes
approximately £59.000 (equivalent
to $238,000)
.representing a retroactive increase in the
price of tin
applicable to income previously reported for the
year 1944,
Citizens
-
sale
The
1945
income
outstanding are convertible into common
the redemption date.
The company in¬
"
Mines
taxes.
capital
42^905
subsidiaries___J
deductions
1944
$377,342
the
if-it
contributions
and
Prov.
a
£173,231
(equivalent
to
$698,987)
plus
(approximately $798,727) before providing for
taxes, estimated net profit amounted to
£173,231
(equivalent to $698,987)
plus
18,496,547
bolivianos
(approximately
$440,394).
For the same period in
1944, profits after taxes as ad¬
justed
amounted
to
£261,999 (equivalent to $1,057,166) and a loss
of 6,172,706 bolivianos
(approximately $146,969). Tin in concentrates
shipped but not sold at March 31,
1945,
was
valued
at
£352.19
per long ton of fine tin (63Va cents
per pound) FOB South American
ports, as against £333.10 per long ton of fine tin
(60 cents per pound)
at March 31, 1944.
-
whose
1945
to
241,108,855 230,654,221 218,298,260 200,538,018
and
other
retirement
rec.
secure
convertible
2227.
properties
$385,273
_____
sold
bolivianos
income
The
12 Months Ended June 30—
Gross earnings
the
corporation
Penney Co.—Earnings—
mdse.
Discount
stock
$2.25
stock
p.
net
pany
Consolidated Income Account
approving
$
Purchase of Stock
Vice-
Subs.)—Earnings—
on
this
of
if
the
Balance
'
•
6 Mos. End. June 30—
.
on
Francisco, expect to enter an
to purchase the new stock
at a price per unit
equal to
offering price to the public and not less than
$100 per share.
The underwriters will be allowed
a
commission of
Penn Fuel Gas,
••
and
(net)
the
!
(&
$8,926,
Sales
Jt.
'
Ohio Cities Water Corp.
13
.
Olin
.
liquidating dividend of $8
Treasurer, 527 Banks Ave.,'
assets
difference
machine-gun ammunition,
to an announcement made
•Estimated
final
Assistant
J,, stated that the stock has
been distributed to the holders
of
such
March
1945, paid to holders!of capital stock
(no
same
Goddard,
N.
had
G.
Aug.
Melvin
Park,
Douglas
cn
record
E
Sept.
'
(J. O.)
r
to
agreement
33,546,547
ones."
*
'nattaSh
vote
Liabilities—Accounts payable, $27,919; accrued
liabilities, $48,220;
mortgage payable,; $29,750; capital
stock; $250,106; capital surplus,
$22,593; earned surplus, $106,231;
total, $484,325.—V. 159, p. 2525.
exclu¬
days before
formed the ICC that if no
conversion takes place, cash
required for
redemption will be $5,195,025.
The company informed the
Commission that Kidder,.
Peabody & Co.,
New York, and Dean Witter
& Co., San
Company
vlc *ramework came into form
its service
y wa¥ of Milwaukee and Detroit this summer. Now
e*ig
\ routes. t0 A1aska, Honolulu, Shanghai, Tokyo and
.
The
new
1970.
Corp.,
credit
'
Profits
its
$55
at
preferred
estimated
u
f°fng
Hnmoct
presently
sale.
Company
devoted
Enterprises Consolidated
Earnings for First Quarter of 1945—
airport, which will supersede
will- be construction in the
bonds, due 1962
■r Assets—Cash,
$29,199;
accounts
receivable,
$51,007;
inventories.
$120,154; cash value life insurance, $11,800;
plant property and equip-'
ment, $169,984; leased machines, $20,431; investments in
subsidiary,
$47,625;
other
assets,
$12,393;
post-war
credit,
$8,926;
deferred
charges, $12,816; total, $484,325.
"
(EWT),
company
has filed with
of 4%
cumiilative
Patino
There
by the
first mort¬
(Del.), Philadelphia, Pa. —To Vote
other
adjustment,
'
taxes
Permanently—
inviting proposals for the purchase
common
shares
preferred
.Pa!11 aFea. with the likelihood that a Northwest
..ri?ie4s Admimstration building and other structures will be erected,
™LXP?nii
the foundati°P for its expansion program by
nnt
will
selling and gen. exps.
Maintenance & repairs
Deprec. & amortization
manufacture of roller skates
resumes
expect
be
now
Sept. 17, 1945.—V. 162, p. 991.
V.
••
its
payable and accrued liabilities.
SThe investment in Delloy Metals Corp.
in
($25 par), of Pacific Gas &
Co.
Such proposals will be
received by North American Co.
at Room 1906, 60
Broadway, New York 4, N. Y., up to 12 noon
stock
airport
4'/2%
Co.,
minus
further
♦.
construction
Corp.
certain
post-war.
crease,
Electric
shares
researches, which its engineers have
its equipment and its
operations.
of
first mortgage
difference between the aggregate amount of the
capital and surpluses
(as shown on balance sheet to be
prepared) and $322,386. being the aggregate amount of the
capital and surpluses of Penn
Rivet on the balanoe sheet of Feb.
28;- 1945, reduced by the amount
of
investments., .in and advances to Delloyv Metals
dost
'
closed
permanently on Aug. 31, according
by John M. Olin, President.
The Government-owned plant was
ated through the United States
Cartridge Co., a subsidiary of
Industries, Inc.—V., 162, p. 784.
f
ferred
in
amount
bonds
.
stated.
was
persons
cannot
Louis
The
,s?oa, ,as P°ssible, the corporation will get under way an im£25<a
building program. Among the first of its contemplated major
projects will be
like
a
and Potts¬
5V2%
Miiford, Conn. The consideration for the sale
be the payment by the purchaser in cash of
$325,000, plus the
Taxes,
to
sively
50,000
four-
has
of Penn Rivet
31
said that when it
390
it
St.
funds
services.
scientific
in
Louis Ordnance Plant Closed
The
commerce
previous
trade
milestone in the
significant
airplanes, including those
&
shall
Pacific Greyhound Lines—Plans
Preferred Stock Issue
from
Penn of
$93,000 4%
refund
recommen¬
transportation to Asia from the
carriers, because of their location,
distance advantage that
they were
note
•
and
Winchester
be
can
was
St.
short great circle
well, as Detroit, Mil¬
gateways
* $108;071
in full production, one-quarter of. the employees
Government terminated its war contracts have now
disclosed
the
added
available.
new,
as
of
additional
an
it
whole
of
airplanes, including these of the latest fourincrease the number of its
flights; it will shorten.
transcontinental and local routes,
and
it
will
will
improve
period
more
schedules
time
a
$98,757 "
,,zl•'
Pacific Gas & Electric Co.—Bids
as
to surface
this
more
the
of
those
So long
channels, air transport passes
transportation progress.'
"NWA
in
terminals
establishing
Twin
j
named
are
United States
United States was limited
Airlines
for
payment
said
1,
Rivet
stockholders
*
now
the
was
.The company
on
York
as
service
'
lines, said:
dation
when
it
products
believe, officials said,
be expected before the
.
will
Machine
237,186
188,490
,
quarterly payments
until
no
counts
$345,262
commercial arms and ammu-.
by Thomas I. S. Boak, Works
Repeating Arms Co. division.
A backlog of finished material is
being rapidly accumulated to feed
final assembly lines which should
shortly be in complete operation
and permit early announcement of when
actual Shipments of finished:
The
recommendation
'
$16,709 1
..
plant
reabsorbed
nition,
to
reason
itself
'•"£ 106
$287,247'
55,606
$31,283
463.
p.
the
off
Ween
year.
examiners'
seven years.
Croil
the
$345,156
613 "'
■
v
Olin Industries, Inc.—Winchester Division Now
to
company.
Following
60,100
,
$286,634
ducing Civilian Arms and Ammunition—
lean cities their first direct
route to the Orient.
In
recommending that Northwest Airlines be granted the route
Manila, the examiners recommended that a route from Seattle
Anchorage, which also had been asked by Northwest, be
granted
Alaska Airlines, a local Alaskan
45,886
deducts..
*
121,047
_
by
that
outstanding $217,000 4 y2%
1, 1945, by the issuance and sale at 100 to
Penn of a
4V2V0 first mortgage bonds,-due Jhne
of
Rivet
$1,47-3,994'
947,691 -
131,524
;
to
its
Sale—
..The
r
J -Z 58,100
$72,315
,
from
North
Pacific
airway
is
2,569 miles,
Tokyo and Shanghai than over the
mid-pacific route by way of San Francisco and Honolulu.
■The route provides New York;
Chicago and other important Amershorter
end
188
$77,169
income
162,
Manager
Alaska;
Kong.
_
other
$1,457,810
981,551
and
'
Net
.
corporation's fight to extend its transcontinental service be-,
the borders of the continental United States to the Far East
tificate
Pottsville
Penn
•
/. /
.
100
will call
due Sept.
amount
v
Northwest Airlines, Inc.—Expansion Recommended—
the
&
-
$72,311..
"Z
4
'
'
.
9,900 "
$76,981
oper.
,
Electric output of this company for the week ended Sept. 1, 1945,
totaled
42,728.000 kwh., as compared with 41,916,000 kwh. for the
corresponding week last year, an increase of 1.9%—V. 162, p. 990.
won
(3)
notes,
like
on
1945—12 Mos.—1944
$341,613
229,744
60,007,140
20,380,606
Co.—Earnings—
Operating expenses
Taxes, other than Fed.
inc.
& excess profits
4,722,047
Citizens
property
Gross income
August
$195,-
shares, no par), $59,235,791;
capital surplus,- $8.483,045
surplus, $40,008,063; total, $130,514,513.—V. 161; p. 2336.
162, p. 572.
yond
of
(6,563,377
earned
5
1—
from
The
amortization
note
bv
"
100 trt
Fidelity and will not pay any dividends
-
Date
2,277,693
railway
Net from railway.;—,~
Net rwy. oper. income—
—V.
and
payable, $4,525,228; accrued taxes and interest,
$1,059,590; Federal normal income tax and surtax, estimated, $3,649,330; Federal excess profits taxT estimated, $2^668,142; notes pay¬
able, due serially Feb:*ll, 1947-1951. $9,500,000; reserve for post-war
contingencies, $1,000,000; deferred liabilities, $385,324capital stock
Oklahoma Power & Water
$12,018,180 $13,352,274 $12,704,194 $10,517,680
income..
oper.
From Jan.
Gross
July
1945
July—
.;
Gross
depreciation
owned
that Ware will guarantee the
said
at
519,976), $79,075,458; deferred charges, $936,259; total, $130,514,513.
syndicate headed by Morgan Stanley & Co. on Sept. 7.
offered $55,000,000 collateral trust 4%% bonds due Sept..
Net
depletion,
proposed
annually
and
Trust Co. at
104y2 and issue and sell at 100 to Penn
$100,000 4% first
mortgage
bonds, due June I,, 1970.
Citizens also proposes to
reclassify its
presently outstanding shares of capital stock (no
par), with a stated
value of $10 per
share, into a like amount of shares of
capital stock
of^ $10 par value per share.
Liabilities—Accounts
Pacific
Northern
for
reserves
outstanding
bonds, due June 1, 1970.
(2)
$18,546,128; U. S. Treasury tax notes, $12,015,000:
accounts; receivable, less reserve, $7,304,013; inventories, at
$8,000,156; investments and other assets. $4,637,500: fixed assets
(after
is
issuance and sale at
Sheet, June 30, 1945
and
cost.
761,891
,
be
contemplate the following transactions:
Bangor will refund its outstanding $100,00.0
(1)
Assets—Cash,
notes
1,498,555
*/,
of
gage
4,405,025
4,902,127
1,429,655
660,154
4,813,635
952,672
railway
railway
oper. income—
from
$22,500
principal and interest of
retired, Penn will incur
ville
tNo provision made for Federal excess profits tax;.
Consolidated Balance
to
Fidelity-Philadelphia
presently owned
by Ware, Penn will sell and Ware will acquire, for
cash, all of Penn'q
capital stock consisting of 13;500 shares • at their
par value of <sir&
per share, or $135,000.
v
Subsequent to their acquisition by Penn, Bangor, Citizens
From Jan. 1—
Gross
Net
$5,625 each.
It
securing
further indebtedness
without the con
on its
capital stock
(3)
On or before Penn's settlement with
Massachusetts, which will
take place contemporaneously with the sale
by Ware to Penn of
the!
aforesaid securities of Bangor, Citizens and
Pottsville
85,558
3,281,687
$1.12
series
Insurance
or
A $90,000
sent
,
t
.—---
3,281,688
share common stock
per
18,071
Life
the
been
taxes
income
on
880.
p.
___
__
normal
for Federal
Provision
bonds,
A, due June 1
imo
Co.
Said bonds
by the pledge with Fidelity-Philadelphia
Trust Co n?
as trustee under a trust indenture, of all
of
776,761
1,538,896
Non-productive wells
Miscellaneous charges
trust
Mutual
Penn.
$12,475,793 $11,509,532 $11,111,015
108,466
104,100
113,301
—-
—
collateral
Massachusetts
secured
(2)
Total profit
to
Philadelphia,
of
Bangor, Citizens
$11,946,552 $10,913,026 $10,364,766*
529,241
606,506
746,249
profit
$420,000 4 %
at
5,088,896
5,878,292
Declares Dividend of 25 Cents—
dividend
™
the acquisition by Penn of
the aforesaid
semtrBangor and Citizens, Penn proposes to
issue anri Im
following securities:
•
u
of
A
on
($50 par)
with
.
Operating
the'annual mee-Monday in Api il,
reports to stock¬
voted to change the date of
The stockholders also
ine
10,194$
(no par)notes due
ties of Pottsville,
presently
shares would be used to acquire the
standing 494,722 shares of Triumph Industries, Inc.
247,361
shares,
1,000,000
to
stock
Gas & Heating Co.—$217,000 4»/2%
1945, and 1,000 shares common stock
1,
Sept.
connection
In
■
the
"""" 6n Sa'eS-—
P
in
before
$41,671,469 $38,779,366 $36,703,353
common
Pottsville
(3)
1943
1944
a
--
sales
employees of the cor-
officers and
to other
notes
1945
Months Ended Junc3Q-~~~
fi
Net
Citizens Gas Co,—12,700 shares
(2)
(& Subs.)—Earnings—
Ohio Oil Co.
debentures and proposed
4%%. convertible
15-year
3T The2lirrtheleco?pSion to Henri Sabacca President of itsJ
notes in the aggregate amount of $600,000, and to fuittun
authorize the issuance
and sile of an additional $600,000 principal,
Monday, September
railway
575,908,403 588,870,639 554,836,118
134,565,905 156.755,817 176,099,779
railway
oper.
income-
63,809,305
62,610,895
77,323,447
454,634,875
141,972,110
63,378,160
Pennroad Decision Appealed—
Counsel
Corp.,
filed
for
acting
an
Matilda
in
appeal
J.
behalf
with
the
Feldman,
of
herself
clerk
of
stockholder
a
and
the
other
State
Pennroad
stockholders,
of Dela-
the
in
objecting
Supreme
Court
THE COMMERCIAL & FINANCIAL
CHRONICLE
f
at Dover, Del., Aug.; 301 from the decree in which Chancellor
Harrington on Aug. 13 approved a Pennroad Corp. petition for
ware,,
W.
W.
Number 4419'
162
Volume
stock
from
2,600,000 shares of the
shares of the par value of $10 each.
approval of "ah agreement of settlement with the Pennsylvania RRi
i The
agreement, arising from an action in which Joseph L. Perrine
et al were complainants,
and Pennroad * et hi were defendants, per¬
mitted :Pennroad to accept $15,000,000 from the Pennsylvania RR. iin
return for ending all stockholder
suits based
four, shares of
each
.of
Pennsylvania-Central
Airlines—Plans
1
to
Offer
In
of
i
the cost of
meet
to
for
routes
new
which
applications
are
of the stockholders will be
the proposed financing plan.—V. 162, p. 881.
on
1945
from
held
four
to
one,
to
stated
ry.
railway..,,.'
$1,592,898
,•727,749
income..".
385,841
oper.
from
Net
Sept.
25
vote
Gross
?
1942
,
$1,974,470
1,226,785
$1,161,690
928,576
198,436
w
.
Net
7,064,247
2,000,938
761,909
729,018
549,443
Balance
—V.
,
233,971
1,088,631
1,647,154
4,477,520
3,498,840
224,038
507,891
402,217
surplus...j.
226,490
1,459,702
1,459,702
$4.50
cumulative
both payable Oct. 1 to holders of record
paid on April 2 and July 2. this year.
1942
6,055
*6,037
11,277
761,405
of
and
15
each
$2
Dec.
made
were
1944.—V.
20,
the
on
second
508,256
2,500,000
10,026,676
3,266,676
8,537,043
electric
ended
week
of
output
Sept.
7,702,000
1,
kwh.,
1944.—V.
this
45,346
20.
79,323
of
bonds.
holders
since
Portland
of
interest.
of
each
and
"Philco
is
with
General' Electric
Traction
Co.
for
"
Co.
each
$1,644,623
the
and
37
'
,
r
to
he
excess
a
of
two-thirds of
proceeding
will
sets,
be
Production
volume,
it
of war contracts.
.Total
*
Aug.
Co.—Preferred Issue
demand
is
the
to
company
General
Net
John
40-year
the
at
870."
Ballantyne,
National
<"
redemption
Trust
.«
.
at
'
Sept. 1, 1945,.$84,000 of first
interest.
Payment will be
Ltd., Montreal, Canada.—V. 160,
Co.,
and
production
new
Service
of
Co. of Indiana,
no
value
par
shares
277,500
Inc.—Sale of Gas and
Financing
of
by
authorized
an
stock.—V.
common
output of
Pullman
the
Sub.
162,
p.
issue
Total
lines
plant
upwards
of
the
lines
conveyor
Planned—
300,000
world.
cat
50
Kerlyn
and
known
as
miles
north
Carter
Oil
Shoshoni
of
successfully
Lander, Wyo.,
on
Located
companies.
One
was
tested
and
perforated
feet
in
the
No.
embar
formation.
by
for
of acid
tensleep
with
Net
formation to
be
that
tested.
about
The
four
well is located
sections
on
a
40-acre site and it
is
proved up by this wildcat.
acreage in the block amounts to 5,270, of which Philips holds
net interest
of
1,803 acres.
Additional geophysical work is now
a
under
to
way
162,
p.
determine
more
are
accurately the
extent
of the structure.
817.
Pioneer Securities Corp., Buffalo—No Longer Invest¬
The
SEC
has set Sept.
7 for a hearing to consider whether an
should be issued
declaring that the corporation has ceased to be
investment company.
According to the Commission, the company
reported to have been
adjudicated a bankrupt.
'
« •
Pittsburgh, Cincinnati, Chicago
$
3,280,734
7,026,779
61,547,951
7,222,408
Oct.
1,
1975.
Payment will be made at the Union Trust Co.,
Pa.—V. 161, p. 1548.
Pittsburgh
trustee,
Plate Glass Co.—Four-for-One Stock Split-
Up Approved
$15 Per Share to be Transferred from
Earned Surplus to Stated
Capital—Plan Effective About
Dec. 15—
—
The
stockholders
on
Aug. 29 authorized
an
increase
in the common
2,680,170
321,822
—
■
■
2,578,609
1,942,886
1,863,264
■
■
$124,272
$2,961,885
k
..
$737,284
$715,345
$2,352,464 $14,277,157 $12,914,332
1,781,283
9,821,745
9,756,802
1,647,990
$1,313,895
$571,181
$4,455,412
$3,157,530
876,712
880,607
5,265,647
Crl2,212
5,283,478
430,930
393,615
2,573,908
2,419,454
956,171
—
1,235,734 7
5,955,509
6,047,406
income
931
&
.•
prof, taxes
,
128,989,688 125,905,436
6,431,706
6,502,834
6,154,430
12,744,183
14,529,531
3,149,605
1,614.996
2,762,773
1,614,972
5,583,353
3,229,945
Side
1,534,608
1,147,800
2,353,408
2,468,191
share
$0.98
$0.86
$1.73
$1.76
contractual
share
■'
of
The
Pullman
Co.
tBased on 3,229,897 outstanding
Balance
Sheet,
June
sleeping
shares.
and
30
(Excluding M. W. Kellogg Co.)
-
1945
1944
$
$
Assets—
Government
S.
U.
and
U. S. Treasury tax
securities
73,058,567
86,703,546
savings notes earmarked for
on" income
17,350,000
profits tax refund bonds___
3,664,201
19,942,000
3,664,201
accrued Federal taxes
Govt;
S.
excess
refund (10%) on
profits taxes for 1944 and 1945___
Other marketable securities, at cost
for
post-war
and
notes
trust
Equipment
at
on
.
3,862,475
494,303
2,372,842
579,072
50,735,519
2,339,289
36,417,635
deferred
other
Liddle,
M.
162,
less
1,893,447
1,673,264
2,976,916
■
companies,
——
_
reserve
domestic,
at
18,290,841
cost,
For
Other
investments,
deferred
Deferred
maintenance
charges
assets
Total
484,301
.
_
at cost, less-reserve——
Equipment and property, less depreviation.—.
Funded reserves (invest, in U. S. Govt, securs ):
For uninsured fire and casualty liability
Other
will
converted
be
intd
a
expanded
new
•
to
cover
railroad
pas¬
:
President,
the rehabilitation and improvement program.—
817.
p.
Period End. June 30—
(&
Subs.)—Earnings—
1945—Month—1944
1945—6 Mos.—1944
$
Other
for
&
37,003,761
32,354,801
income..
388,844
348,841
2,443,930
2,061,552
37,392,605
32,703,642
229,782,302
193,992,241
21,500,909
19,072,131
130,347,030
1,354,890
1,260,750
8,212,310
111,732,209
7,343,115
104,018
636,978
614,545
7,108
8,375
50,684
256,278
14,422,010
12,258,368
90.535,300
74,046,094
&
revs.
Total
$
transpor._
107,688
Charges
revs.
&
income.
expenses
taxes
disct. on
Other
$
$
227,338,372 191,930,689
funded
deductions
transpor.
^Payments
to
rev..
rail
International
and
other
carriers—express
privileges.-
"
of
Pullman
Shipments Rise—
air
express
shipments
handled for
same
period last year, according to the
division.
A total of 26,443 international air express shipments, not including
traffic to and from Canada,
was reported for July,
compared with
19,204 for July, 1944.
July
volume
international
of
31.57%
rose
corporation's
air
the
over
exoress
Preparing to Return to
corporation
Sept.
on
a
Peacetime Basis—
stated
1
that
its
t
Vice-Presidents
and
ranking officers from all parts of the country have been in confer¬
ence during that week preparing to return
to a peace-time basis.
L.
Head, President, stated that war-time business is still running
O.
in
great volume, principally due to the efforts of the Government to
expedite, as rapidly as possible, the movement of troops, particularly
those returning from Europe,
and to the enormous volume of ship¬
ments—to and from their homes—made by the hundreds of thousands
i f
•
' »
country, an
which shippers
are desirous of having
as rapidly as possible in order to secure goods
which they have been deprived of for so long.
One of the great problems before the Agency is the rehabilitation
of its fleet of
16,000 trucks, which has been worked to: the limit
since Pearl Harbor without opportunity to secure normal replacements.
In
conclusion, Mr. Head stated that while he anticipates-^-very
shortly—a considerable decline in the volume of business, he and his
officers expect an
increase in the volume of about 40% • over * that
of
soldiers
who
moving at the present time.
are
Head stated that there is also, in many parts of the
appreciable
increase
of
normal
commercial
business
.
handled
1,857,903
1
W. Kellogg Co.
affiliated
said,
was
is
.1
spend $5,000,000 on
in
(W.
investments—
In
it
it
said that the purchase of this new buildingand additions to it to make it adaptable to car
"building would restore
the
company's
productive
capacity of
lightweight modern railway
passenger cars
to six a day.
He added that the company proposed
4,470,007
(contra)—
ventories, less unpaid vouchers
In
feet,
when
shop.
33,065,067
payment
.
deposit
.
48,911,948
ccst.
Munition and other contracts
Cash
excess
receivable-.-,
and
accounts
car
Inventories,
body
car
on
Sept. 2 that it had purchased from,
for' $927,472 the ship-assembly building near
in Chicago, 111.
The structure, which has an
square
feet
square
A.
Mr.
'
Cash
plant
of< 171,000
C.
5.699,960
3,231,769
-
cap.
Department
South
>.■,!
Co.—Buys Building—
announced
company
The
Consolidated
U.
7
taxes
Navy
senger
13,942,211
.
Pittsburgh,
its
160,971,339 166,579,974
3,252,326
'
'
&
Pe company has called for redemption on Oct. 1, next, a total of
$234,000 of outstanding general mortgage 3%% bonds, series E, ,due
446,094
327,374
$
Unreimbursed cost of work in process and in¬
St. Louis RR.—To
Redeem $234,000 of Series E 3%% Bonds—
$2,228,192 $13,539,873 $12,198,987
475,306
debt
on
revenues.
car
Accounts
order
is
The
Co.)
period-.-^.
for
per
parlor
ciaim
ment Co.—
an
Kellogg
6,500,759
*Railroads'
feet—
Total
—V.
W.
3,196 665
taxes
profit
paid
tEarns.
gallons
the well flowed an
average of 50 barrels an hour of 36 gravity
oil for five
hours before it was shut down for lack of storage facilities.
is estimated that
there is a total of 100 feet of productive embar
3,513,976
162, p. 881.
The
the well
formation at
500
649,939
29,678,238
3,735,183
$2,813,953
revenue—
exc.
'"Rail
deprec.
Fed.
for
Income
lands,
15 feet from 6,265
treating
Cr983,522
29,949,237
589,428
$147,932
Govt,
the
Int.
1945—6 Mos.—1944
80,744,261
income
with
Indian
net
S.
Express
M.
62,247,838
income
on
It
believed
U.
wild
the
in
After
a
partnership lease
a
on
6,974 feet then cemented off
6»280
completed
111,080
4,955,123
rev.
Dividends
well
has
it
1943—6 Mos.—1944
5,079,096
accrued
Payroll
all
from
contract
for
Provision
Prov.
•
that
(Excl.
30
78,375,602
income
taxes
Co.—New Wild Cat Well—
announces
Auxiliary Operations
shares
Statement—
$
payments to railroads
Total
expenses,
other
than deprec. & Fed.
for
company
and
Railway Express Agency, Inc.
1945—3 Mos—1944
sources
'"Prov.
contain
Phillips Petroleum
The
the
approximately
tlncludes—
Corp.—Output—
served
$
million
a
Inc.—Quarterly
Period End. June 30—
in
will
of
for
funds
as
616,065
Operating income
992.
operating, companies
for Period Ended June
Earnings
464.
300,000 square feet of floor space,
dollars, and will provide eight parallel
high-speed manufacture of console radios and
radio-phonographs," Mr. Ballantyne stated. It will adjoin the main
Philco plants- in
Philadelphia, Pa.—V. 162, p. 464.
cost
ample
Crl73,466
oper.__
revenue
Operating
special
"The
cars__
car
revenues
area
this corpora¬
tion for the week ended Sept.
1, 1945, totaled 178,336,000 kwh., as
compared with 191,407,000 kwh. for the corresponding week last year, a
decrease Of 6.8%.—V. 162, p. 992.
on
radio
of
maintenance^
expenses
tTaxes
on
105
'
Properties—New
Electric
ground-breaking ceremonies, John Ballantyne, Presi¬
Aug. 29 officially marked the beginning of work on an
ultra-modern Philco plant which will feature the longest continuous
Will
had
reported
$12,451,427 $11,256,014 $70,858,512 $65,905,570
4,115,779
3,372,191
24,617,741
19,864.429
revenue
Net
to
Gross
With
dent,
Co.,
Operations—
Pullman-Standard Mfg.
for
5%,bonds
$6,006,000 of first mortgage bonds and by the sale to the parent
Begins Construction of New Million-Dollar Plant—
»•
it
been
Car
of
■
V.
completed, employment in the company's refrigerator division should
substantially greater than in 1941. All current refrigerator produc¬
tion, until Government regulations change, goes into a stockpile to
meet critical needs of the Army, Navy, hospitals and other essential
p.
that
has
1945—Month—1944
Depreciation
Deprec. adjustments.
be
162,
'
Axle
and
Auxiliary Operations—
Total
Approved—
issue
Public Utility Engineering & Service
is
services."—V.
other
Conducting
of
doubling its production facilities to meet the pent-up
refrigerators," Mr. Ballantyne said.
"When reconversion
for
authorized
called
were
company
of
by
27
and
Expenses
revenues
Maintenance
-All
The stockholders have approved a plan to sell the gas and water
properties of this corporation to the Indiana Water & Gas Co., a new
wholly-owned subsidiary, who will finance the acquisition by public sale
President.
"Philco
has
Public
"•
with its reconversion to civilian pro¬
refrigerators, freezer chests and air
by television receivers,"
John
on
and
Sleeping Car
348,000
followed
announced
Timken-Detroit
Spring Co.
Provincial Light, Heat & Power Co., Ltd.—Partial Re¬
made
'P-
of Refrigerators—
was
combination,
the
taxes
Assembly-line production of 1946 refrigerators has been started by
this corporation and within the next six to eight weeks should reach
pre-war
Steel
Pullman Co.—June Earnings—
and
mortgage
Ballantyne, President, said.
"Volume production of radio receivers
and refrigerators should be reached in the fourth quarter of this year."
Starts
of
Chairman
Standard
plan.
ICC
Water
receiving
which
288,799,857 305,573,448
Period End. June 30—
—V.
$1.39
profits
4.485
50,382,363
Sleeping Gar Business—
Total expenses
holders
of
other
Revenues
,
canceled.
Vote
Rockwell,
Corp.,
any
and
of the
$1,000
F.
(The)
new
bond
$1,000
817.
p.
$1,907,711
$1.20
and
for adjustment and renegotiation
rapidly
conditioners,
income
1,441
—_____
Car
'
outstanding bonds
majority of the prior preference shares is necessary to effec¬
There
$0.70
State
129,195,880
subsidiary)__
The
sale
price
$75,000,000.—V. 162, p. 992.
'
$961,385
$0.58
and
(a
.operation.
$15,807,000 of 6% bonds oh
March 1, 1934, will receive $75
cash,
corresponding
shares.
radio
of
$798,514
...
1,372,143
duction
for
decrease
a
4,662,525
'V
129,195,880
Hupp
Pittsburgh Equitable
'Meter Co., all engaged in metal products
manufacturing, on Aug. 31
disclosed that his group may seek to purchase the
sleeping car busi¬
ness of Pullman,
Inc.
He stated that hie group was not associated
the
of
$6,378,400 of 4V2%
.cumulative preferred stock (par $100) which will be exchanged for a
like amount of 7 % and 6% preferred stock now
outstanding.—V. 162,
1945—6 Mos.—1944
1945—3 Mos.—1944
Federal
after provision
tOn
kwh.,
the
6,533,987
Another Bidder for
62,561
.
"
dividends.
are
the
The
*,
share
per
with
credits
(outstanding);
Inc.
'"Includes—
(& Subs.)—Earnings—
estimated
'"After
subsidiaries
116,909,000
5,962.327
52,401,722
V.,Total;
167,468
•
demption—
income
tEarnings
to
compared
deferred
153,560
4,860,087
_
881.
p.
992.
Period End. June 30—
*Net
when
—
Pullman Co.
.
3,266,676
de-
revenue
stock
873,247
176,818
42,565
shares of Portland
shares
Potomac Edison
its
and
company
amounted
6.2 %,
162, p.
Philco Corp.
-
for
1945,
or
ferred
conditioning
Surplus
The plan assumes a net valuation of $31,800,000 for the Portland
.Electric properties after deduction of estimated reorganization
expenses.
The bondholders' claim is
$27,000,000, leaving a balance of $4,800,000
for the prior preference
stock, or approximately $86 a share.—V. 162
Philadelphia Electric Co.—Weekly Output—
The
Pullman
of
114,972
credits—Air
Pullman,
:
1
of
maintenance
reserves
Other
'
week
2,410,847
1 368,070
installations
4,480,389
Willard
that
Affirmative
679.
162, p.
2,531,637
360,329
casualty liability
and
1,466,103
*18,485
stock
preferred
deferred
Capital
.
*2,381
.
850,109
-
23,670
income
accrued
tuate
first
Sept.
'
plans.
and
cars
2,500,000
$100,838
*69,576
trust
common
stock
of
were
Distributions
Aug.
the
on
fire
cars..
•
stock,
Like amounts
on
share
per
1943
$130,505
25,285
No consideration is given to holders of the first and second preferred
common
shares of Portland Electric Co., and these three classes
The directors on Aug. 29 declared a dividend of $1 per share on the
$4 non-cumulative second preferred stock, no par value, and a regular
$1.12V2
1944
659,284
-
provides
plan
new
•and
of
benefit
'For
.
revised'plan for the reorganization of the company has been filed
the SEC by the Guaranty -Trust Co., indenture trustee for the
collateral
and
Philadelphia Dairy Products Co., Inc.—Dividends—
dividend
4,870,364
manufacturing contingencies.—
:
For post-war readaptation of manufacturing
plants and Pullman equipment
"TGeneral reserve
-Earnings-
:and
'
quarterly
preferred
employee
uninsured
experimental
For
Holders of the 56,824 Pepco prior preference shares
outstanding are
•to receive three: Portland
General Electric common
shares and two
Portland Traction Co. common shares for each
prior preference share
2,694,688
3,290,507
4,693,094
3,531,168
contracts
_
$105,545
38,215,451
yet due
4,217,111
other
508,256
•
of the Electric company, and 32'Traction
company common shares.
Present common stocks of Pepco's electric and traction subsidiaries
are to be
reclassified in sufficient numbev to effect the
208,333
226,490
not
±.
For
-
881.
p.
For
plan.
3,728,079
1,588 388
other
41,667
381,483
taxes,
and
!
For
each
$350,000 of 6s on which interest has
accrued since Sept. 20, 1937, are to receive $65
cash, 49 common shares
1945—7 Mos.—1944
644.351
other
for
munition
on
45,362,111
income,
Reserves—
earned
for
Other
*11,669
railway
railway
income-!.
Holders
r
423,150
to
162.
from
$15
*24>906
which interest has accrued
$5 091,238 $33,425,804 $33,298,437
93,899
income..
Sinking funds &
appropriations
to
ratio
680.
p.
$75,094
oper.
The
inc.
Net income
.
equal
the
Portland Electric Power Co.—Revised Plan Filed—
6%
4,924,228
1945—Month1—1944
profits taxes
railway taxes—
operating
transferred
& Northern RE.
from
from
A
.
c56
excess
Other
be
in
* Deficit.—V. 162, p. 607.
."-475,585
104,773
$4,549,758
Canadian,
to
cause
stock
common
aggregate amount
an
provision
Advances
Motor
Ry.—Earnings-
income
.&
&
Accrued
or
•
6,981,864
1,637,142
1,526,955
*75,390
Period End. July 31—
Gross
value
par
authorized
34,721,689
32,562,116
taxes on
...n
(contra)
the
of
1945
'accumulated
Fed.
capital
from
common
.
the
payrolls, Including prowage adjustments
From Jan. 1—
162, p. 607.
Pere Marquette
the directors will
railway
Net from railway......
Net ry. oper. income...
any
to
1943
$1,851,289
'978,366
633,037
6,918,544
income...
oper.
^Deficit.—V.
issuance
July—
Gross
•with
railway
from railway—.—
Net ry.
of
stock
not yet due
■k
-
1—-i '
From Jan.
the
Pittsburg Shawmut
'
Gross
of
of
and
retroactive
provision for Federal
Deferred
Net
1944
railway—.I.
from
Net
with
presently outstanding—V. 162.
Pennsylvania Reading Seashore Lines—Earnings—
July— f
Gross
stock
class
lieu
.
connection
Net ry.
Net
only
in
The dividend of 75 cents a share
recently declared payable Oct. 1
to shareholders of record on
Sept. 10 is applicable to-the $25 par stock
pending.
now
special meeting
A
of. common
the
is
each
fleet of four-engined planes now on order.
which PCA has on order are termed the
its present system and does not contemplate
pated expansion of
share
stck
of $10
payable
for
Accrued
a
type
new
Liabilities-
vision
outstanding share of the par value of $25.
,
Mr. Higgins stated that the plan will not be carried out until about
Dec. 15, 1945, and requested stockholders not to
forward their stock
for exchange until notice is received.
planes
"Super Planes of Tomorrow" and will provide more than double the
capacity of the airline's present ships, will be considerably faster,
and will offer. new- passenger comforts, Mr. Lochiel said.
The PCA
treasurer pointed out that this financing
will meet only the antici¬
The
12,500,000
presently
financing program was announced Sept. 4 by PCA
through Raymond G. Lochiel, Vice-President and Treasurer.
Tht;
$10,000,000 will be obtained, Mr. Lochiel explained, through 15-year
convertibel income debentures which will be offered to the public
through a group of investment houses headed by White, Weld and Co;
and Carl M. Loeb, Rhoades and Co.
The proceeds are to be used by
PCA
outstanding
common
surplus
$10,.
to
Accounts
the par value
outstanding.
$10,000,000
A
The
stock of
common
presently
$25.
■
000,000 Debentures—
$25
B.tHiggins, President, explained that the action was a step
in carrying out a proposal made
by the directors last June to issue
881.
p.
of
i
Harry
r
Pennsylvania's alleged
on
of more than $100,000,000.—V. 162,
liability
value
par
1175
.
484,301
65,665
73,998
77,320,651
91,343,878
•»
..
372,096
371,269
cars__
1,500,000
5,900,000
v-"-
780,687
674,364
356,025
323,014
238,799,857 305,573,448
1940.—V.
J.)
162, p. 882.
Rainey,
Privately—The
-
Inc.,
company
f'
„
Pittsburgh
—
^
Placed
Securities
has sold $2,800,000
1st
mtge.
sinking fund bonds dated July 1, 1945, due July 1, 1965
and $1,200,000 1st mtge. 2% serial notes due semi-annu¬
ally Jan. 1, 1946—July 1, 1954. The bonds were placed
with institutional
banks.
investors
and
the
notes
sold to
were
Proceeds will be used to retire
$1,430,000 exist¬
ing bonds and the balance will be used for corporate
purposes.
Company is a s/ubsidiary of Hillman Coal &
Coke
Co.
.
Chemical
porate
issues.
Bank
trustee,
&
Trust
registrar
Co. has been
and
paying
'
•
appointed
agent
for
cor¬
both
THE COMMERCIAL & FINANCIAL CHRONICLE
1176
amended
Raybestos-Manhattan, Inc.—Earnings
Fed.
chgs.
after
Profit
exc.
Net
1943
$3,918,823
taxes
taxes
$5,200,927
3, <95,000
2,622,400
375,000
525,000
"On
shares.—V.
628,110
$1.06
share
common
per
shares
161, p. 2488.
dividend
of
25
cents
X.
to
W.
succeed
H.
Frick
Donald
Stein
B.
Red Bank Oil
normal
ex.
for
the
years
proposed
under
public
stockholders.—V.
the
&
offering of stock by
162, p. 992.
Act
of
the company
7,347
16,600
15,900
22,202
26,520
33,500
29,600
tax
35,500
23,000
$30,605
7,204
$63,001
16,500
$61,085
covering
certain
of
11,600
19,416
income
$72,695
$80,029
$37,808
162.
'
$79,501
„
^
'
.
6,000
.
$35,607
V
882.
p.
.
2,201
\
.
.
$73,501
'/
:
•'•
5,000
.
,$#0,029
V
$67,685
^
.
.
Faustmann, President,
our
war
contracts,
approximating
the
of
War
typewriter
production June 15, 1944, under authority of
Board, for the purpose of retraining key factory
hand
skills of typewriter
assembling and
Production
workers
in
the
unusual
"adjusting.
'
"With immediate and complete
to start
putting together again
•■*
stoppage of
work we were' able
our
assembly: line, which was dis¬
mantled Oct. 31,
1942, when typewriter manufacturing, ceased. . Mean¬
while, plant layout has been changed to increase
manufacturing
efficiencies.
Modern highly efficient machine tools are
being installed.
Reconversion
costs
will
be
financed
out
-war
ICC
on
Aug. 14 issued a certificate permitting the road to
portion of a line of railroad extending from Long Leaf
a
Junction
for typewriter
production."—V.
northwesterly to the end of the line at Bliss, approximately
miles, and to abandon operation; under trackage rights over
railroad of the Crowell
Long Leaf Lumber Co., Inc., in Rapides
Vernon Parishes, La.—V.
137, p. 313.
161, p. 2597.. :
9.134
the
and
Rutland RR.
Rhebem Theatres Corp.—Partial
Redemption—
'•
f
The
corporation
Net ry.
has
called for redemption on Oct.
1, next, $18,900
bonds dated July 15, 1937, at 100 and Interest.
Payment will be made out of sinking fund
moneys at the Manufacturers
Trust Co., 55 Broad
Street, New York, N. Y.—V.
of
first
mortgage 5%
1
162, p. 252.
Gross
;
The.
tive
following have been elected
committee:
and
G.
to
serve
members
as
Hamilton
Pell, of Pell and Company,
President of Electric
Diefenbach,
Ferries,
Curtis
Ernest Calder,
Chairman of the board
Electric Bond & Share
Co., New York City.—V. 162,
of
New
New
of
the
City;
City;
York
directors
railway
Net from railway
of
Net
Gross
The
Net ry.
—V.
Agent,
Central
ro^Pat!ly~":CnC0r50rated.
ra
Hanover
Bank
and
in New York, June
Trust
24, 1931,
Co.,
as
New
a
gas
ro-Lwi
inactive until late in 1935 when it acquired
J- 1934 > §e properties of two predecessor affiliates, West
Co.
and
ni*
Gas
Ramapo
Gas
Corp.
Company
is
a
public
Jin
I ptdJJ
!n
tn
Thi
J°mpapy .fay
or
l.ater
of the P. S. Commission of
Gas
a
stated
ft5c0"nt, °* Co. cancellation
the
& Electric
at
December
value
The
balance
by
of
the
open
the;'■company
account
to. General
as
at
Water
Beiweem Dec. 31,
of
31,
1942,
Dec.
Gas
&
as
follows-
First
^Isoo; OS account!
31,
1942,
Electric
$20 226
Co.
Electric Co
$77,310
represented payment for the
company's
proportion of consolidated Federal income tax.
Such
has been
in
28,238
29,829
-
railway
railway.—
2,293,715
Other
888,439
income—
233,495
oper.
expenses
accruals:
ad
______
taxes—-—
1942
$358,787
200,669
Total
ry.
'
2,465,101
1,250,253
1,658,601
601,792
Deducts,
665,318
89,196
1,770,393
613,640
13,604,629
11,364 131
124,224
832,235
880 639
$8,705,349
237,305
$7,621,190
207,272
$8,942,654
$7,828,462
2,438,503
2,221,690
28,274
inc.—
$1,177,101
$1,186,529
359,281
351,863
Net
$817,820
$834,666
41,686
33,958
$6,504,151
280,325
$5,606,772
220,061
$859,506
$868,624
$6,784,476
258,046
$5,826,833
258,527
1,780,310
1,775,022
$610,097
$5,004,166
$4,051,811
railway
rwy.
inc.
oper.
Non-operating income
r
Gross
income
Deducts, from gross inc.
Net
—V.
income
20%
-
increased
162, p. 716.
A
July
30,
mtge.
Series
A
due
"Since
April
-
-
30,
-
4 y4%
March
(no
of
its
indebted¬
at
^
20-year
"Capital stock
said
by like payments, except for 93c
outstanding
'
1945.
bonds
Authorized
$650,000
1, 1963________
par).
1045,
__
*
the
certificate
Outstanding
vu^ianamg
?
37,500shs.
of
$394 000
W3o',500shs.
incorporation
has
and
been
corporation
dividends,
$100.
20,000
Payment
York,
Holders
N.
of
has
will
Y.
the
time and receive
called
shares
be
of
full
redemption
5J/2%
at
the
on
Oct. 1, 1945
at
cumulative preferred stock,
Bankers Trust Co., 16 Wall
may
interest of
of
redemption price.
105
—V.
ry.
railway—1
oper,
162.
p.
income.—
882.
80,570,426
26,386.122
11,335,829
such
of
production.—V.
the
years
end
to
a
roy¬
and there¬
of
15
years
162, p. 818.
1945; due
$1,000,' $500
America.
will
be payable in lawful money of the United
Kuehlthau, West Bend, Wis., co-trustee.
Louis
proceeds
will
mortgage
be
used
retire
to
1944
83.981,305
32,616,959
13,396,384
all
serial
bonds, dated May
1945; liquidation of
a new nurses' home
at Mercy Hospital; Cedar
These bonds, in the opinion of
counsel, will
of Sisters of Mercy, Cedar
Rapids, la., and
icalled for payment Nov.
of
corporation's
first
1940, ($99,000)
1,
1,
and
the cost of constructing
Rapids, la.
be the direct obligation
upon retirement of the
corporation's bonds now outstanding and the discharge of the trust
indenture securing said bonds, will be secured
by a valid and direct,
closed 1st mtge. on the land, buildings, improvements and fixed and
.the
property.
lien
The
Total
the
of
Order,
valuation
indenture
Sisters
is
of
land
and
buildings
included
in
$1,068,405.
of
Mercy. * was founded in Ireland in the year
1831. The original American foundation was established at Pittsburgh
in 1843, and by 1867 the first Sisters of
Mercy came to Iowa.
In
1865, St. Joseph's Academy was established by these Sisters at Cedar
and
in
1881" seven
motherhouse
of
Sisters
that
in
of
the
Order
city.I/v
established
an
inde¬
•
Mercy,
Marion, Iowa; Mercy Hospital. Anamosa. Ia.; Mercy Hospital, Oelwein,
la.; Kalispell General Hospital and St. Matthew's School, both in
Kalispell, Mont.
..
In
addition
Sisters
cities
and
to
are
towns
conducting
engaged
in
.
the
in
Iowa.
150
11
the
215
Order
has
increased
to
institutions
teaching
parochial grade schools and
New
York
000,000 2%%
in
of
high schools.
Sisters
of
which
are
Stock
Exchange
has
owned
parochial
Sisters
the
15
now
Debentures—
authorized
the
Southeastern Greyhound Lines—To Issue
in
secured
used
to
serial
finance
equipment
listing
the
1,
Proceeds
purchase of 50 intercity
$740,000
be
will
sale
the
from
of $10.1965, all
Equipments
the ICC for authority to issue
notes.
18
in
novices.
July 1, 1945, and due July
outstanding.—V. 162, p. 717.
The company has applied to
in
teach
tota/1 membership in
The
and
Order,
various
the
by
schools
Order
debentures dated
A.C.F.-Brill
Motors Co.
The notes will mature over a
five-year period and bear
interest at the rate of 2% annually.
The notes will be issued to the
Chemical Bank & Trust Co.
The Southeastern company received
permission from the ICC on Aug. 22 to issue the same type of notes
coaches from
•and
in the same amount for the
purchase of another 50 buses from
A.C.F.-Brill.
Total of the two orders placed with the manufacturer
is $1,852,700, of which $375,000 will be
paid in cash.—V. 162, p. 1029.
Southern Bell Telephone & Telegraph Co.—Listing
234% Debentures—
The
New
York
Southern
Exchaneg has authcriz'eci the listing of $45,debentures, due Aug. 1, 1985.—V. 162, p. 719.
Colorado Power
output
of
Stock
000,000 40-year 2%%
Co.—Weekly Output—
week ended Sept. 1, 1945,
2,104,000 kwh', as compared with 2,032,000 kwh. for the cor¬
responding week last year, ah increase of 3.5%.-^V. 162, p. 1029.
Southern
of
this
company
for the
Ry.—Gross Earnings—
—10 Days End. Aug. 31—
.
Period—
1945
Gross earnings
™™
—Jan. 1 to Aug. 31—
1944
$6,988,233
1945
1944coC
$9,524,745 $227,023,015
$230,114,526
Invites Bids for Promisor.y Notes—
1943
.
.
1942
The
$9,092,474
3,950,217
81,660,753
37,065,762
21,575,439
57,482,890
3,208,440
21.547,481
16,485,264
will receive bids, Sept. 26, for six promissory notes,
$266,640, agregating $1,599,840, to be issued in connection
company
each
for
with
the
The
$9,949,585
3,910,019
1,406,868
From Jan. 1—
Net
by
entitled
1,
*'
their certificates at any
See also V. 162, p. 1028.
railway-—»■ $10,356,156 $11,154,875
Net from railway2.994,641
3,994,337
Net ry. oper. income™
1,621,483
3,768,225
Gross from
shares
par
St
Ry.—Earnings—
.1945
of
subject to revision at
rate
these bonds
net
surrender
Gross from
Net fforn railway.
any: issue
-
totaled
*
called shares
the
->
\
of
made
Seaboard Air Line
July—";
for
area
serially Jan. 1, 1946, to July 1, 1960.
and $100,
registerable as to principal.
Principal: and. int. payable Jan. 1 and July 1 at office of First National
JBank of West Bend,^ Wis., corporate trustee and registrar, or at
option of holder,
at any office or agency. of the corporation at
Cedar Rapids,
la., designated as paying agent. Both principal and
Electric
Schenley Distillers Corp.—Partial
Redemption—
The
additional
.
Dated
'Denominations
-A 585,276
$1,158,255
income
,
prices ranging from 100 and interest to 101 and inters
est, according to maturity,
The
$601,460
from
operating
least
at
commencement
406,770
49,402
oper.
of
Skelly Oil Co.—Listing of 2 s/4%
-
an
;
C. Ziegler & Co., West Bend, Wis., are
offering
.$450,000 1st :& ref. mortgage <I %-3%) serial bonds at
162,142
income
oper.
period
Cedar Rapids, have acquired and are now operat¬
ing the following properties: Sacred Heart Convent, the motherhouse
of
the
Order; Mount Mercy Junior College, Mercy Hospital, The
Brown Apartments—all in Cedar
Rapids; St. Berchman's Seminary,
$1,127,699
Other rwy.
of the exploratory
shall be released. "1
Sisters of Mercy, Cedar Rapids, Iowa—Bonds Offered
Ry.—Earnings-
83,129
1,630,557
122,232
_
taxes
on
—B.
Rapids,
1945—Month—1944
1945—7 Mos —1944
$5,773,685
$5,989,443 $43,899,855 $39,738 126
2,810,067
2,847,375
20,144,002
19,286,890
—
years
'
an
pendent
1943
1,111,078
273,693
Fed.
at
the
10,714,967
$280,481
109,400
43,250
2,402,463
income
after
these
revs.__w-
development
announced
to
the
from
13,446,125
Ry.—Earnings—
income
tax.
Fed.
wat
cash.
Of
account
current
settled
Capitalization—
First
Texas
135,439
oper.
President,
agreement the Ethiopian Government is
alty payments on a stipulated basis for the first five
other
2,227,389
122,430
valorem
New
1942, and April 30,
1945, the company has incurred
<pen account indebtedness in routine
monthly accounts, in the aggre¬
gate amount of $83,0.95, k.o General Water Gas
&
April
Rwy.
of
$90,200 ($82 per
indebtedness to General
f 7%V total »7°0: Pr°missory notes'
nessi
1942
$7,330,871
2,699,638
3,514,884
43,500,702
1944
oper.
concession for the
a
Sinclair,
f
^
sum,
ry.
Railway
Railway
due to General Water Gas &
notes and open account
th° authorifcy
of
pak!
1943
$9,407,293
3,925,949
2,113,616
St. Louis Southwestern
gas
WvrhQnii
^ an aPPropriate application to the Securir^nunv A^ on^^lSS101], acting under the Public Utility Holding
«4n'onon
!!SUad and sold Privately to certain insurance
nr^ril if fhn hAnlc t^ni nn.^6 41/4^ bonds at 100lA, delivered the
?
?
bonds, $401,000 and, with similar authority, issued
1,100 shares of common stock
,
Earnings of Co. Only—
1944
$330,778
period End. July 31
a Stated value of $82 per Khare- Subt
Pn°i t0 Dec* 31' 1942> $163.700 additional
f
i
t«m,and Promissory notes were issued, and
• indebtedness
was incurred to General Water Gas
fhn
respect of advances in cash or credit in like
NeiS yLiH and6, nnrSa
i
314,768
60,108,273
20,984,487
13,102,092
—V: 162. p. 716.
a&Sregate principal of bonds,
$511426
434,410
1,568,327
from
from
Net
*
rn
fmSShfLrtp'
>
Gross
Net
five
extent
Sisters
f
and
"12,260
$334,633
oper.
the
Under
155,436
From Jan. 1—
Shore
utility
ry.
F.
company ''the exclusive right within
explore, prospect and drill for, extract
and
petroleum and its derivative and
constituent
exclusive right to carry away;
Ethiopia
subsidiary.
157,531
"46,853
hav g,
inoa
'
Net
to
2,432,848
railway—
from
H.
signed
was
The company agrees to build a .refinery in.
Ethiopia "if and when
consumption of the country justifies it and such
undertaking is
economically sound."
In the event, of. the creation of a
subsidiary
company solely assuming the performance of the agreement it is
stipu¬
lated that subjects of Ethiopia shall be
given a subscription preference
2,590,872
253,378
126,979
66,420,336
20,412,088
9,328,346
railway
Ethiopia,
grant
the
2,865,862
1945
from
$0.65
;
The
1
&
lemJnr L i!! ?
bonds
S in
was
Net
of
County
as
Gross
in
of
last
States
&
8 423 448
profits tax.
approximately 25%
73,769
21,989,521
10,267,995
$0.76
.
1942
•
1028.
p.
9,536,952
$1.30
end
the
of
of
92,239
St. Louis-San Francisco
corpo¬
"n"? 883 ln a number of communities located in
G^ecT\^anL?lS
E*ectric Co- was the Parent of West Shore
hi "1935 (
of
GfnoR0rp- In connection with the acquisitions
Z rl
l' company issued to General Water Gas
fnnS?r>nnmmnn J'IJmort8a&e 5r/" b°nds and 5,000 shares
Rockland
'
'
1,416,798
income
oper.
162,
15,364,206
and the
explore, dispose
and sell petroleum and its derivative and constituent
substances
produced by the company under this agreement."
After the first five years of the exploration
period it is provided
that areas equivalent to approximately 50% of the total
area of the coun¬
try shall be. released from the terms of the agreement and at the
"4,657
July—
York.
(as
■
■
68,205,517
railwayNet from railway*
par
Transfer
income
oper.
excess
substances,
13,590
3,074,074
12,712,401
com.
of
"8,342
$9,923,351 $10,529,354
from
ahd
Rockland Gas Co.,
Inc.—Common Stock Offered—Of¬
fering of 30,500 shares of common stock
(no par) at $26
per share was made
Aug. 23 by Butcher & Sherrerd, Put¬
nam &
Co., Chas. W. Scranton &
Co., Battles & Co., Inc.,
and Southern
Securities Corp. Proceeds will
go to Gen¬
eral Water, Gas &
Electric Co., the
selling stockholder.
.
From Jan. 1—
Riverside & Dan River Cotton
Mills, Inc.—Extra Div
directors on Aug. 18 declared a
dividend of 50 cents
per share
art additional
dividend of 50 cents
per share on the common stock
$23, both payable Oct. l to holders of record
Sept. 20.
A distribu¬
tion of 50 cents was
made on April
2, last.
On Oct. 2, last
year, the company paid an extra
dividend of 25
cents per
share, together with a dividend of 50
cents, which made
total payments in that
year $1.25 per share.—V.
160, p. 1670.
ry.
lands
17,290
1945
Gross from
882.
p.
the
$397,699
July 1—
'
render suitable for trade,
1943
St. Louis-San Francisco
Ry.
execu¬
York
6000 000
1,500,000
The Government grants to the
<
$364,217
income™,
"Deficit.—V. 162, p. 818.
3 041
2,520,000
—__
The
refunding
railway
railway
1,117,677
5,000,000
S4o
H^sorS
by His Excellency Ato Aklilou
Abte
Wold, Vice-Minister of Foreign Affairs of the Imperial
Ethiopian Gov¬
ernment, and by Mr. Sinclair on behalf of the corporation,The con¬
cession is for a term of 50 years
and, subject to the release provi¬
sions, affects the entire area'of Ethiopia, about 350,000
square miles
All sub-soil rights in Ethiopia are vested in the
Government.
3,008,079
from
from
1,287,415
t8,250,000'til,500,000
corporation has been granted
6.
1944
Net ry. oper.
Rhode Island Insurance
Co.—New Members of Execu¬
tive Committee—
rEliner
v.
From Jan. 1—
Net
4,605,230
890,509
&
tax—
on
petroleum
Sept.
$476,027
income—*
oper.
-
1945
30 201
950
29^9^1
Granted Ethiopian Concession—
of
54,698
railway
railway
28,270,252
1,721,177
10,894,446
$1.06
profit
per sh.
tlncludes
$488,547
85,434
from
Net from
.
Earnings—
July—
Gross
42,557,084
1,431,089
11,474,374
.
of
working capital.
"Employment on typewriter manufacture has been steadily increas¬
ing as reconversion progresses and production
expands.
We. expect
hope to reach capacity production after Jan. 1, 1946,
when, we
estimate, the company will be employing more men ana women than at
its peak peace-time
employment in 1941. " We are reemploying returned
veterans.
In addition, those who have' remained in
Royal's employ,
and former
employees who left for war work elsewhere, are "needed
a
its
nni
27,379,743
stock
for
years. ;
of
minimum
Red River & Gulf RR.—Abandonment—
The
war
Net
Sept. 5 announced that production
on
i942
39,251,629
3,305,455
add'l ' deprec.
facilities—
for
This
and
abandon
income
Res.
$60,613
(net)
_________
1943
1,199,799
12,905,548
amort.—
Federal
$138,719
29,690
29,111
19,306
$140,205
$12,000,000, were com¬
pletely cancelled on Aug. 15, 1945, so we have been rushing reconver¬
sion since
that date,"
explained Mr.. Faustmann.
"We resumed
a
to determine
1933,
and
3,674
2,700
$154,203
sur.
and
and
$138,537
183
$136,531
1944
,
42,192,979;
deplet
Cancel, lease, aband.
dry holes
-
Con¬
1940 through 1944.
Securities
$151,503
civilian use topping that of
pre-war yeairs may be
reached by this company
shortly: after the fir$t of the year.
He said
that requirements for
employment in the company's Hartford, Conn.,
plant would be substantially increased over that of the; war
was consolidated with the proceeding instituted by
on Aug.
28 to determine whether a stop order should
suspending the effectiveness of the registration statement
company
*
$70,036
$70,453
tax
of typewriters
proceeding
the
-
:
40,917,608
1,275,371
(net)
income
Interest
Canceled-^
Commission
by
„
.
417
prof,
E. C.
,
.company's annual reports
Total
1942
$468,453
329,916
1943
Royal Typewriter Co., Inc. — Sees Early Return to
Full Typewriter* Production—War Contracts
the company's- common stock
($1 par), should be suspended
withdrawn from listing and registration on the New York Curb
Exchange.
The Commission's hearing order challenges the accuracy
;and completeness of various items and information contained in the
Ifiled
revenue.
Net Income
—V.
whether
issued
140,326
Appropriated to Reserve
for Sinking Fund
;or
The
expenses,
income
Net
Co.—Stop Order Proceedings—
10,
Profit
Other income
Years Ended Dec. 31
$488,021
351,490
1029
oper.
Deprec.
1944.
1945
f
p.
1141333
2,000
$511,127
359,624
Inc., above.--~V. 162,
Subs.)—Earnings—
income— 218,500,792 200,358,409 149,190,643
144
Costs, oper. & gen. exp. 177,583,184 161,106,780 121,810,900
' 3,000
$210,362
income
Fed.
"All
The SEC announced that hearing will be held Sept.
Gross
4,500
:
...
_.
revenue
Fed.
'
Assistant
as
Co.
Inc.
Est. red. of Fed taxes Cr
-
named
follows:
Corp.
Deductions from income
Sept. 1, were announced
were
are
each
(&
6 Mos. End. June 30—
the number
and
Earns,
trollers.—V. 162, p. 992.
be
Company,
Securities
Gross
H.
and
underwriters
4,500
operat.
income
Other
Whitehead, retired. - Arthur C. Tosh be¬
comes
Assistant
Vice-President of operation
and maintenance, suc¬
ceeding F. M. Falck, retired. N. N. Baily, with the company since 1925,
has been made General Manager.
A Frederick
several
16,500
the
Controller
15,
Nov.
on
formerly Assistant to Vice-President, becomes As¬
President, succeeding William W. Rhoads, promoted
to Assistant Secretary and Assistant Treasurer.
J. H. Smedley, with
the company since 1927. has been made Assistant to Vice-President
of operation and maintenance.
William K. Bean has been appointed
the
by
the
Film Industries,
Sinclair Oil Corp.
Shares
Scranton &
&
operat.
Net
Williams,
to
payable
Co.
Total
Traffic Manager, has
appointed Vice-President in charge of freight traffic, succeeding
John w. Hewitt, who retires after more than a half century of service.
A.
of
Apr. 30,'45
been
sistant
stock
common
quarterly
a
1945.
1,
4 Mos. Ended
Reading Co.—Changes in Personnel Announced—
Aug. 28 by R. W. Brown, President:
Jcseph A. Fisher, formerly General Freight
the
on
declared
have
,;r
&
Net
an
Directors
1945
Setay Co., Inc.—Terms of Exchange Under
Plan-
See Consolidated
stock in each
common
—
share has been
The following executive changes, effective on
:
r
The
shares of common
37,500
Sherrerd
Operating
declared on the new $5
par value common stock, payable Sept. 14 to holders of record Sept. 8.
This is equivalent to 75 cents per share on the old no par value
common stock which was recently split-up on the basis of three $5 par
shares for each no par share held.
Payments of 50 cents each
made on the old shares on April 2 and July 2, last, and on March 13,
June 10 and Sept.
14, 1944, while on Dec. 14, 1944, a dividend of
$1 per share was paid.—V. 162, p. 395.
per
of
outstanding.
now
Statement of Income
Reed-Prentice Corp.—25-Cent Div. on New Stock—
A
Nov.
names
&
Southern
—
issuance
are
share
per
record
underwritten
Chas. W.
Offering
Secondary
—
42Vac
Name
Battles
Inc.
of
holders of
Putnam
$i.4i>
the
1935.
year
Butcner
$1.29
Blyth & Co.,
Inc., made a secondary ofering Aug. 27 of 20,000 shares
of common stock (par $1) at $21 a share with a con¬
cession to dealers of 50 cents a share—V. 162, p. 817.
Ray oilier,
the
Purchasers—The
of
$811,525
profit
"Earnings
to
*
630,000
since
dividend
3,212,000
authorize
30,500 shares
Dividends—Company has paid dividends oh its
year
$4,398,525
post-war adjustments,
for
contingencies
etc.,
'
1945„„„
before
profits
but
and
income
Provision
to
as
stock, of which
(Including domestic subsidiaries)
6 Months Ended June 30—
so
Monday, September 10,
notes
purchase of six diesel-electric passenger locomotives.
De¬
livery of the locomotives, which are being built by the Electric-Motive
division of General Motors Corp. is
expected to commence next montn.
ment,
more
will
with
than
cover
company
25%.—V.
not
more
making
162,
than
a
75%
down
p. <1029.
(Continued
.
nf
the c^st
payment
of
.,
on
of *h°
the
,
page
1211)
new
balance
of not
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL
Stock and Bond Sales
DAILY
NOTkjb—C*8h end deferred delivery w!m
am disregarded
WEEKLY
to the day*$ rangt, onlMi they
furnish
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan
coupon bonds
Figures after decimal point represent one or more 32d of a point.
week.
we
a
Daily Record of U. 8. Bond Prieee
eyes, 1947-52
Sep. 1
Sep. 3
Sep. 4
Sep. 5
Sep. 6
Sep. 7
Daily Record of U. 8. Bond Prices
Treasury
2%s, 1966-71
Low
<
Close
IKS, 1946-56
Low
,
sales
in
2%s,
$1,000 units
in
Sept.,
Total
IHigh
\ Low
[Close'
101.29
1967-72
sales
in
{ Low
[Close
$1,000 units
f High
{ Low
[Close
I High
:
sales
113.5
Low
113.5
113.5
113.5
5
5
113.5
High
2%s, 1945-47
Total
113.5
Close
2%S
Low
100
2
$1,000 units
[High
_J
1956-59
in
Total
High
-
f High
^ Low
[Close
sales
2s,
*.
v
100.20
100.18
■
100.20
100.18
4
1947
100.20
100.18
20
'
10
■
{ Low
[Close
Total sales
[High
2%s, 1951-54
in $1,000 units
...
~
Low
| Hign
2s, March 1948-50
Close
\ Low
[Close
Total sales in $1,000 units.
Total
(High
sales
in $1,000
f
2s, Dec.
[Close
Total sales in $1,000 units
—
Total
sales
in
$1,000 units
...
riign
-j Low
[Close
Low
T
2s, June,
1949-1951
Total
in
Total sales in $1,000 units——
[High
'
units.
(High
2s, Sept., 1949-1951
—•
—
Total
Low
[Close
Total sales in $1,000 units
in
$1,000 units
...
THigh
—
2s,
{
1949-1951—i
Dec.,
•{ Low
Ti-
—
Total
sales in $1,000
units
fHlgb
\ Low
[Close
2s,
March,
1950-1952
j Low
(Close
Total sales in $1,000 units
Total sales in $1,000 units
[High
i%S, 1949-53
[High
Low
Close
—
2s,
—
Sept.,
1
1950-1952
102.25
Low
102.25
[Close
Total sales in $1,000 units
Total
f High
[Close
sales
in $1,000
102.25
units
—
2
[High
{ Low
2%s, 1950-52
—
28,1951-1953
—
Low
[High
j Low
[close
:5;
Total sales
High
—
28.
—
[High
«%s, 1956-58
1951-55—
—
Total
i Low
(High
\ Low
fHiuh
2%s, 1963-1968
{ Low
[Close
Total sales in $1,000 units—
2%s, June, 1964-1969
■{
Total sales
Total sales in $1,000 units
in $1,000
—
Dec.,
1952-54
[High
{
Holiday
Total
Labor Day
sales
1953-55
— v
—
Total
—
sales
in $1,000
1965-70
i Low
[Close
$1,000 units
—
20%
\ Low
[Close
sales
In $1,000
units
l%s, 1950
101.18
1
—
101.14
1
—
101.9
20
in $1,000 units
101.9
101.12
Total sales
101.9
101.12
101.14
—
101.12
101.14
—
1
(High
-I Low
[Close
101.18
—
10
units
1948
Total
101.18
—
—
102.30
(High
l%s
Low
[High
102.30
—{ Low
[Close
—
—
102.30
102.31
IHigh
28
—
102.31
102.31
in $1,000 units
—
[Close
Total sales in $1,000 units
1
•
Low
[Close
2s,
—
Saturday
Closing
102.31
High
—
2%s, Dec., 1964-1969
102.31
units
-
-—
[High
Low
[Close
102.31
[Close
[High
Total sales in $1,000 units
Labor Day
sales In $1,000 units
28, June, 1952-54
[Close
\ Low
[Close
Holiday
—
Total sales in $1,000 units
2%s, 1962-67
Saturday
Closing
^ow
Close
—
■
-
...
$1,000 units
—
—
$1,000 units
In
,
...
Close
Total sales In $1,000 units
1Kb, 1952-54
-
'<■
I Close
—
f High
1948
sales
...
•{ Low
[Close
■*.
—
[High
1945—
...
$1,000 units
___
[Close
■.:•••
sales
.—
Low
—
Low
[Close
[Close
.
Hign
\
1948-50
—
Hign
—■
_
units
LoW
2%S, 1956-59
Total sales in
.
in $1,000 units
Total sales in $1,000 units
2%s
100.21
100.21
100.21
—_
f Hign
Low
[Close
Total sales in
Low
$1,000 units
Vis, 1959-62
*5Vh
2%S, 1948-51
In
[Close
100
Total sales in $1,000 units
2'/as,
—
Low
sales
Total sales
100
Close
Total sales in $1,000
...
Holiday
Labor Day
High
Total sales in $1,000 units
•
-
Close
2%s, 1955-60
■'*'
3
<
Low
SKs, 1954-56
High
:V
100.26
3
in $1,000 units
Total sales in $1,000 units
f,.
100.27
Close
Total
[close
2%8, 1960-65--
.
.
Saturday
Closing
[High
2%S, 1952-55
*lVs
\ Low
.
100.25
3
;'i
.
101.29
Total sales in $1,00C units
2%s, 1958-63
100.26
100.27
100.27
$1,000 units
100.27
100.25
/
—
Total sales in $1,000 units
101.29
] Low
[Close
3s, 1951-55
39
100.27
| High
{ Low
2%s, 1951-53
f Hign
"
101.10
*6Ys
Total sales in $1,000 units
v-,
101.7
| High
Close
3i, 1946-48
101.7
101.8
[Close
Total sales
Sep. 7
101.8
Holiday
IHigh Closing Labor Day
Sep. 6
101.8
2%s, June 1967-72
Saturday
Sep. 5
\ Low
Low
Total sales in $1,000 units
Sep. 4
1
Total sales In $1,000 units
syas, 1949-52
Sep. 3
[close
Total
Close
2%s,
Sep. 1
fHlgb
Total sales in $1,000 units.
High
Exchange
the New York Stock Exchange
during the curreut
on
f High
Treasury
Exchange
-
the only transaction! of the day. No account la
taken ot .raeh sales in
computing the range for the year.
United States Government Securities
Below
1177
New York Stock
«»
■
CHRONICLE
—
♦Odd
lot
sales,
transaction of
registered bond.
1
mmmgagSSBSgggSSSESSggggggBSgBmS—,—» « H
'
====-
■
I
NEW YORK STOCK RECORD
LOW AND
Saturday
$ per snare
Sep. 3
S per
HIGH SALE PRICES
Tuesday
Monday
Sep. 1
Wednesday
Sep. 4
S per share
share
$ per share
stocks
68 y4
*111%
*74
x69%
69 %
♦111%
112
*74
77
69%
112
77
♦68%
70
•111%
112
74'
74
14%
14%
14%
14%
14%
14%
29
29 %
29%
29%
29%
30%
15%
15%
15%
15%
15y2
155/3
41
*39
28
28
♦27%
45%
46 %
41
*108
43
Sep. 7
Sep. 6
I per share
x
70
*111%
*75
14%
30%
155/3
70
112
20
43
*39
27%
28%
*28
44ya
46
28%
46%
*108
112
<
43
27%
*39
*105
110
45%
*105
w
110
7%
7%
7%
7
71/4
6%
7%
<
4%
4%
4%
4%
4%
4%
4%
-
48%
*62%
48%
65
47%
48%
47%
48%
4%
47%
48%
63
63
63
53
63
63
33 y4
*95%
.18%
169
*17
29%
33%
xT>,%
33%
98
♦95%
98'
*97
98
18%
*18%
18%
169%
169%
170
17%
18
33%
33%
18 7
30%
vi
30%
30%
18%
*i7nv„
17%
29%
18%
-171
17%
30%
33%
*95%
18%
170%
17%
30
32%
8,500
1,500
7,000
300
500
6,400
4,600
4,000
'<<
-
300
5,300
r
18%
900
1,800
172
.
•
600
3.600
;
■
$ per share
Abbott Laboratories
No par
60% Jan
4% preferred
100
111% Apr
Abraham & Straus
No par ;r
60
Jan
ACF-Brill Motors Co
2.50
9% Jan
Acme Steel Co
.10
25% Apr
Adams Express
1
13% Mar
Adams-Millis Corp
No Par
32% Jan
Address-Mutigr Corp
10
22% Apr
Air Reduction Inc
No par &;• 39% Jan
Alabama & Vicksburg Ry
100
98'% Jan
Alaska Juneau Gold Min
10
6% Jan
Allegheny Corp
1 ;v
2% Jan
5% % pf A With $30 war
100
34% Jan
$2.50 prior conv preferred-No par
56
Jan
Alghny Lud Stl Corp
No par
; 28% Jan
Alleg & West Ry 6% gtd
100
91
Jan
Allen Industries Inc
1
13% Jan
Allied Chemical & Dye
No par
153% Mar
Allied Kid Co
9
157/8 Jan
Allied Mills Co Inc
No par > 27% Aug
.
12,400
98
17%
30%
>
—
7
,
Par
—
15%
30%
157/3
Range Since January 1
Lowest
Highest
EXCHANGE
900
76
46
Range for Previous
NEW YORK STOCK
Shares
< per share
45
112
Sales for
the Week
Friday
Thursday
Sep. 5
Year 1944
Lowest
I per share
22
71
9
115
15
I per share
75
2
23
26
May
Jun
5
52%
15
47
10%
26%
49
22
120
Jan
July 10
2
8% Jun
21
5%
5% Jun
11
2
22
60% Jun
21
23
68% Mar
1
34% Mar
7
2
26
2
21
104
May 28
18% Aug 29
172
Sep
20% May
34% Mar
Dec
Dec
14
7
3
1
Jan
Dec
33
24%
37 % May
75
Jan
24
24
11
Jun
.
10%
Jan
19%
41
Sep
4
30% May 19
24
64
7
2
Apr
Jun
64%
114
Jan
8% Aug
7
6
24
Feb
108% Nov
Aug 31
16% May 19
30% Sep
16% Sep
Highest
I per ehare
^
-
Apr
Dec
Oct
43
July
100
Dec
>
7% July
-3%
Mar
Dec
23 %
Jan
36
Dec
37
Jan
62
Dec
24y4
29% July
Apr
70
Jan
9%
141
-
-
Jan
-Apr
16%
•
Aug
r3%
157
13% Mar
29
91
Dec
Oct
Dec
Feb
35V4 Mar
m*
For
footnotes
see
page
1187.
Monday, September
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1178
10. 1943
NEW YORK STOCK RECORD
Sep. S
Sep. t
f per
f per
share
STOCKS
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
Sep. 5
Sep. 4
SaHrrflav
f per
t per share
share
31%
31%
31%
32%
101%
101 %
101%
1,700
51%
6,100
Allis-Chalmers
1,500
4% conv preferred
Alpha Portland Cum
51%
52
51%
52%
x51%
128%
130%
130%
130%
29%
29%
29%
29
29 %
29%
52
129%
129
29%
~
5%
5
*46
*5%
5
48%
5%
•"46
47
5%
47%
*46
1.000
114
36
36
35%
36%
5,000
Amer Agricultural
66%
65 %
67
67
67%
3,800
American
30 *
V'
30%
29%
30%
x29%
30%
31
32%
3,800
American
*75
76%
75%
75%
18%
18
18%
19%
2,600
46
46
46
47
2,600
Am
*129
131
*129
131
11%
9,100
Amer
4,300
American
76
X76
18%
18%
'
45
45%
45%
11%
11%
11%
11%
11%
45%
131
*129
131
*"129
.
11%
11%
103%
101%
101%
102
104
104
104%
190
190
190
190%
*190
190%
190
190
60%
60
60%
58%
60%
117
117
115
115
116%
32%
32%
32%
*121 %
121 %
120%
120%
121%
121%
139
141%
143
144%
144%
145
•"20
20%
20%
20%
20%
20%
23%
23%
23%
23%
23%
*119%
23%
109
*107%
> 109
109%
6%
6%
14%
15%
*14%
38%
38%
4%
4%
5
27
26%
105
104%
104
104
*104%
27%
26%
~
98%
98%
99
99
43%
44
43
43
8
7%
8
8
52%
79
*50%
52%
80%
*50%
*79
80
Leather
1
28%
*43%
7%
80%
2,900
6%
8%
8%
8%
96%
10%
*10%
10%
10%
*10%
10%
*10%-
10%
10%
51%
.51%
*50%
51%
*50%
36%
U-
8%
96%
36%
x35%
36%
36%
-
116
116
114%
29%
13%
13%
13%
27%
132
x46 %
47%
7%
47%
7%
7
5%
7%
14
6,200
&
Metais
28
2,200
Amer
Metals Co Ltd
50
6%
49%
50%
7%
7%
78%
79
79%
79%
79
79%
71%
71%
72%
72%
73
4,300
16%
16%
16%
16%
16%
16%
16%
16%
*180
182
•
183
*180
$6
23%
22%
23 %
23
23%
23
23%
90%
89%
90
90
90%
90
90%
1,500
*23%
24%
24%
24%
24%
24%
24%
American
14,700
89%
25
25%
25%
25 %
36%
37
37
*24%
37
53%
541/4
53%
-
4% %
American
25 %
26
26 %
•26%
2,800
*35%
54%
37
36%
36%
3220
Amer
9,800
Amer
54%
56%
56%
57%
Safety Razor
Seating Co
Ship Building Co
Smelting & Refg
'
171%
172
45%
171
45%
*157
172
45%
158
35%
34
21%
21%
27%
28-
*46%
48-
*137%
;
21%
22
28
28%
28%
28%
47%
48
43
137%
32%
32%
182%
182%
182%
85%
85%
85%
*136
140
1,000
.?900
183%
183
85%
184%
*85%
American
'
32%
32%
184%
184%
10,300
85%
86
86
'
Amer
86%153%
153%
18%-
17%-
17%
17%
13%
18
18%
5.700
Amer
57%
57%
•
58
•
58
57%
58
58
58
1,700
American
119
-
*116
-
16
■;:*
*116
15%
•
*108
85%-
19%
>112%
6%7
-
*72%
15%
;
112%
75
*71
113%
6%
6%
74
33%
33%-
33'%-
53
-
53
-
53
34%
35%-
35
•
35%
*109
110%
43
43%
*12%
42%
14
6%
*12%
•
6%-
*73
6%'
76
-9%
-
110%
*73
9%
115
9%
15%
28%-
28%
122
*122
122
*50
87%
107%
64%
62%
64
36
74%
74%
74%
33%
114
32%
57%
■s(
33%
112%
18%
18%
18%
18%
56%
56
56
*56
71 ci
73%
74
hii.C.
:
'113%
115
115
116
24
*23
33%
*113
24
5
*23
14%
0»;-
74
14%
101
22
75%
116
25
25
14
14
101
,
-
75%
14
*14
101
102
8
23%
22%
8
8%
23
22%
8%
8
Pqwder
14%
.
223/4
85
29
(The)
Dec
107%
Dec
21%
Sep
36 %
Dec
8
23
111
31% July 10
Mar
76%
Jan
61
Jan
7%
50
Jun
Feb
28 %
Dec
Jan
111%
Dec
14%
Feb
24%
Dec
8%
Jan
12% July
37% Jun 25
14%
116
Aug 31
30% Aug 30
80%
14% Jan
9
31
Mar 6
142% May 24
50%Sep 7
7% July 2
82% July 3
74% July 3
16% Aug 27
4
66 Va
Dec
Feb
60%
Dec
9
Jan
12% Aug
163
Jan
Jan
Aug
17% July
62 %
Jan
77%
13%
Jan
18%
Sep
13%
Feb
19%
Dec
26%
Jan
37%
Dec
36%
Jan
12%
165%
Dec
45%
Dec
Nov
152 %
Dec
22% Jun
28%
Dec
Jan
19% July
16%
Jan
25%
146
'29
Feb
Mar
156
75
July
75
July
139
15
Jan
16% Aug
Jan
6%
22
Jan
Dec
Dec
6% July
Jan
44
Feb
65
Dec
Jan
29 %
Dec
25
Jan
39
20
Jan
28% Julv
9%
14%
Jan
2 Ye
,
Dec
4% Aug
Jan
42
7 Dec
57
Jan
Jun
6% July
18
4%
Apr
117 % Jun 15
132
Jun 16
74%
Jan
107%
Dec
85
Jan
119
Jan
4:
35%
Apr
Feb
J an
10% Jun
"
29% Jun
127
' 101/
Jun
7
19%
113
Jan
113% Nov
33
45%
May
53%
Jan
83%
82
Jan
106 %
58
-
Dec
38%
Nov
76
Noy
59%
Jun
36% Feb
15
19% Jun
Jan
23
75% Sep
7
2
25
119
6
22
?
Feb
Jan
17%
Dec
Jan
57 y8
Oct
62
Jun
52%
9
Jun
22
23% Sep
4
14%
24% Aug 9
•11% Jan 22
13% May
Dec
9% Jun 28
3%
Jan
.
Apr
Dec
20
Jan
7
06
102
2:
2
5% Jan 24
120% Aug
May
i4% May
26
16% Jun
Oct
114
Apr
112
May 18
25% Aug
Jan
11%
53%
27
58
32% May
24%
107%
114% Aug 28
19
Dec
Jan
Feb
7
22
Dec
25%
'
1 ;
14% Jan
Sep
108% Nov
Jan
•
-
Dec
103 %
Feb
80
Dec
Jan
Jan
25
' 40% May
7
Jun
13%
12%
85 Va
25
"114% May 19
' 79% Jun 25
Jun
12% July
90
26
Jun 25
•
46%
'
"125
20
..13
9%
24%
_
x56% July 12.
35% Sep
5
55% Feb
Jan
Nov
100
107
Jan
4
112%.Apr 30
" 44% Apr 30
15% Mar 6
-v7% Jun 18
72 %. Aug 31
30
14% Jan
Jun
Apr
6%
67 %
28
Jun 22
Dec
120% July
84%
"'
10 *
14.
36% Jun 26
22
—3
15%
Apr
116%
49
Jan
39%
'
31
10% Jan
152% July
Jan
8%
5
26
8% Jun
3
18% Jan
Dec
Jan
Jan
8%
Jan
166%
Jan
Jun
56%
9
Jan
Dec
31%
57%
15% Aug 28
Apr
132
26% May
Jun
Dec
Dec
56
Jan
;
111
Jan
33% Feb
1
71% Sep
7
30% July 27
43% July
Jan
9%
Jan
Dec
39% May
147
52% Sep
15% Jun
48 Vs Jan
180
15
128% Jun
"
3% Aug
Feb
Aug 27
83
Dec
Jun
Dec
40
29% Jun 28
"
Oct
Jan
43
44%
164
Aug
6
35% Jun 26
:
130
2
Sep
4
Feb 23
Apr 17
Sep
7
Feb 15
Sep
7
184% Sep
86
Sep
" 87
Sep
xl61
Jun
" 19% Jun
58
Sep
121% Mar
17% July
111
Jun
26
Feb
32
172% Aug 22
46
Feb
20
115%
Mar 16
23%
91%
25%
26%
40
57%
Oct
9% July
9% Aug
Jan
Jan
184
Nov
7% Aug
79% Dec
Apr
6%
46
51% Sep
2
4
Dec
6% Aug
Jan
4
July 26
50% Sep
4
•
40 %
3%
108% Mar 23
77
Apr
65
9
*
Dec
33
39% Mar
12
no
Apr
94%
5
Mar
101
25%
Jan
July 27
Jan
2
Jan
Jun
Jan
9
10% Jun
'99
July 31
11% June 25
10% Sep
7
6
Jan
Mar
5% Mar
157/»
Aug 27
81% May
2
Jan
29
102
46
52
6
2
20
7
Jan
59
9% July 10
Jan
.
Jan
Oct
68
May 22
4% Aug
11% Dec
Apr
1%
3
104% May 25
46% Jun 14
2
Jan
Jan
2% Mar
20
Mar 27
Mar 27
5c
a
Corp of Del
Aug
Feb
28
53A July
11
60
par
15
20%
101%
Aug 27
102%
111
42%
11%
10<
18 "
113
111 "
45 '
No par
Co
»Aviation
29
Feb
Mar
15% Feb
23
113
No
prior A
Autocar
8
r
14
43% Jun
2
—100
No par
Atlas Tack Corp;
Austin Nichols
102
10 %
7
3
No par
preferred
conv
108%
26
76% Jan
—
—
5%
6
27
106
•
No par
116
24%
102
22%
81/4
18%
117%
24%
14
2-3 %
333/4
113
75
■
——
71%
Jan
6% Jart~
No par
1
1.—_ 100
.
100
Atlas
■(
36
*55%
.
75%
•r
65%
18%
Corp
57
107%
Sep
43% Jun
27
27
29
Jan
Dec
27% July
115% July
131% Nov
1093/4 Jun
July 20
38% Juiy 6
12 % Aug 17
*4% Jan
2
^0
Mar 26
—5
5%
64%
33%
.
No par
100
No par
—5
Assoc Investment Co—1
/
89%
113
■
,
preferredI—.100
Atch Topeka & Santa Fe—.100
5% preferred
——100
Atlantic Coast Line RR
100
Atl G & W .I SS Lines.
-1
5% non-cum preferred
.—100
Atlantic Refining..
25
4% conv pref series A
100
Atlas Corp*—5
6%
preferred
50
*116
74%
*101
101
33%
113%
of Illinois-
Corp—
Associated Dry Goods—
6% 1st preferred
1
*-7.% 2d preferred—
71%
74%
*68
51
20
.
(krtloom
36
y
.
Mining.
15%
107'/a
64%
36
112%
:
18%
*57%
—:
107%
36
29'%
38%
24%
109
Nov
Jan
24% Jun
60% Jan 23
7
No par
Constable
Jan
183 %
Nov
5% Mar 27
No par
preferred
Arnold
108%
99%
21% Jun
2
100"/a Mar 26'
50
Copper Mining
Copper
Jan
9
—25
preferred
14%.
28%
Jan
145
Jan 31
-1
——
124
68%
23
2
-100
Armstrong Cork Co
89
89%
i 63
{■■
No par
—
conv
par
$6 conv prior preferred
7% preferred
124
42% July
5
56% Jan
65% Jan
No par
I—
52%
108
107%
36
107%
*50
-
108
87%
89
36
,
124
*122%
51
*106%
108%
107%
18%
-v-i
*50
52%
*106%
63%
33
15%
28%
123
36
113
-
124
123
'■<
Apr
Sep
3
145% Jan
13% Mar
43% Mar
117 * Aug
8% Jan
99% Jan
-No
Elec
&
Preferred
Armour & Co
128
xl4%
28%
124
50%
*68
52
15%
123
89%-
.
28
28%
9%
115%
52%
*122
108%
107%
15%
15%
9%
128
Jan
33%
"" 25
Mar
28% Sep
100
—10
14
—100
P W Paper Co Inc——
-5
Archer Daniels Mldl'd.
No par,
Xl-15%
15
*14%
15
Wks
65
A
78
170%
7
Aug 21
157
Andes
9%
52%
41
Anderson, Clayton & Co——21%
*73%-
125
52%
par
25
■
1?
13%
7
Mar
Apr
107
3
17 % Jan
22% Jan
—25
1st preferred
Woolen
$4
82
7
Sep
July
95% July
6
9
Anchor Hock Glass Corp——12.50
110%
14
32% Sep
9
421%
6%
116
52
*
164% Jan
-100
Anaconda Wire & Cable
-
133
May
121% Aug 30
17% Jan 15
32
Aug 21
40% Jan
2
41% Apr
42%
78
125
124V4
122
50%
•
115%
-
*14
123%
*107
*75-
52
Apr
8
35
Amer Zinc Lead & Smelt.
35%
126 Va
142
preferred.:
'i $5 prior
8
12
2
Viscose Corp—
Anaconda
Oct
Jan
117
2
2
4
Jan
18% Jan
153
Feb
27% Jan
*13%
7
9%
15%-
28%
6%
125
15
15%
-
43
6%
115%
125
52%
*14
*109
-13%- .13%
9%
125
52
42%
43
13%
-
35%
*
*•.
15% Jan
25
American
343/a
52-
■
110%
72%
34
.
»•/
35%
*109
110%
76
•
-
35%
7V4
72%
*52-.---52%
•
$6
*500
4.700
1 700
4,300
5100
113%.
—
6%
74
34%
33%
109
Jun
46
12
preferred
Water
19%
Jan
29% Jan
Type Foundries Inc
5%
Am
18,900
-20%
•
113%
'
7%
*115V4
115
125
113%
"
*70
33%
53
20 '*
r
16%
108%
20%
6%
?420
Jan
128% Jan
class B_
Common
2,500
-
119
16%
109
20%
87
154
*116
16%
109
112%
^
6%
■
119
15%
20 %
86%
xl52%
154%
*116
108%- 108%
20%
-111
86%
154
118
15%
108-%-
20%
85%
86
154
7%
60% Sep
2
75
Dec
37%
100
Tobacco
17%
-
Jan
45 %
7
No par
Telep & Teleg Co
153%
•
No
Sumatra Tobacco
American
1.200
176
18
17
104% Sep
Jan
2
Jan 22
Jan 22
Jan
2
100
Co
Stove
.Preferred—
Am
1300
par
No par
American Sugar Refining
200
32%
par
No par
Steel Foundries
American Stores
3
2%
6QV2
54%
11%
par
2
133/a Jan
Jan 26
Jan
2
25
preferred
non-cum
Amer
140
*138
32%
6%
5,200
48
Dec
213/a Mar
47% Feb
*
100
American Snuff
1,400
28%
48
72%
Mar 26
Mar 27
Jan 24
par
100
Preferred
240 I
600
10
*
-
28
137%
86
35
21%
34
X21%
32%
-
,46
155
34%
34%,
*46%-
•
f
*
155
157
21%
139%
*32
45%
45%
*155
34%
•
170
'
158
34%
170
170 %
45%
45%
*155
21%
-
168
23% July
Jan
Jan 30
25
100
18.50
No par
No par
No par
Rolling Mill
preferred
conv
American
*500
par
100
Preferred
50
23%
No
No
No
No
.
$5
25,200
-
No
Co
News
Light
preferred-.
preferred
Am Rad & Stand San'y
3,100
71
100
Amer Power &
28,100
7%
7%
American
1,000
No par
preferred
Mar
21
11%
24%
130%
41%
No par
preferred
Jan
108
100
Mach
t
Apr
60
Jun
80
Jan 22
26
par
Amer
79%
182
No
Locomotive
No par
131
Dec
16
48 % Apr 22
50
Fly Co
72%
*180
—-1
&
27%
May
40
15
3
3
Amer Mach
71
180%
70
Jan
9
Jan
7% Jan
6.200
79
180
of 111
Co
preferred
conv
American
12.900
26
5
No par
Corp
Invest
American
20
6% Jan
29
131
49
preferred
Internat
Amer
Jan
-400
xl3%
27%
131
47%
37%
7
28
3
1
2
115
28%
14%
26%
51%
j
115
29
131
1400
36%
114%
13%
27
132
47%
7%
13%
27
*131
27%
132
10%-
*51
51%
37
28%
1,200
36% Sep
693/4 Jun
Jan 24
par
No
Ice_
6% non-cum
200
11%
10%
10%
10%
114%
28%
97%
10%
*96
97%
*96
Xl 14%
29%
29
8%
8%
8%
96
96
42% Nov
110% July
31% Jan
Jan 20
Jan 8
-100
2,900
American
9%
38%
5
47
68%
—50
-1
preferred—
conv
American Home Products
v
10%
&
2,700
81
80
Hide
American
52%
*50%
52%
79%
5,900
;
44%
7%
*50%
600
100
*98%
8
11,200
106
28%
43
7%
10
800
5%
*104%
100
43
1,300
1,200
5%
28%
*98%
15%
39%
67/a
6%
107
27
1,800
37%'
39
5%
5
American Hawaiian SS Co
1,800
7 j, 10
33%
4%
500
23
109
15%
38%
6%
400
23
Dec
Jan
Mar
343/4 May 25
27
Jan
2
110
Jan 3
112% Mar 9
13% Jan
3
18% Jan 22
105% Apr 26
30% Jan 24
3% Jan
2
10% Jan 3
27
Jan
3
2% Jan 2
96
Jan
2
20% Jan 2
91
Mar 1
Colortype Co__
4%
82
195
10
American Crystal Sugar
-10
6%
1st preferred
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
$7 preferred
'
No par
$7 2d preferred A
No par
$6 preferred
No par
American
Dec
Jan
28%
5
No par
Chicle
American
July
24%
20
135
.
118
Apr
21
Feb 20
Aug 21
Feb 15
Jan
Apr
17%
Dec
July
40% July
•
Feb
Mar 21
-100
580
*14%
6%
14%
39%
6%
No par
Inc
preferred
conv
500
36%
14%
100
preferred—
Cable
&
No par
Fdy
&
20%
*107
39%
Car
144%'
20%
37%
6%
37
■
5%
60
;
non-cum
Chain
Am
2,000
32%
124
144%
109
*107%
37
37
37%
36%
7%
600
118
116%
32%
32%
32%
*32
American
5,700
60%"
60%
*117
Can
Preferred
/ 60
1
25
100
105
5
7
22%
103
Feb
130
10%
89%
183%
39
. 96
-
100
preferred
Cable & Radio Corp
Apr
49
x41
No par
Jan
126
69 % Jan 30
15 % Aug 21
1
Corp
Co
Shoe
Brake
Sep
Jan
%
28
42 A Jan 24
20 A Jan
2
50.
.
5%%
101%
60
80
14%
96
33 Va
5
Highest
$ per share
6% Jun
42/a^ay*5
—5
—10
(new)
Note
Bans
18%
76%
76%
18
v
Airlines
6%. preferred
American Bosch
i-
33
Jan 24
36
65%
111%
130% Sep
6
28
34%
66%
111%
3% Jan
Chemical_No par
112
35
65%
111%
100
——No par
52% Sep
Aug 21
34%
111%
323/a Aug 28
o
103
111%
111
t
t per share
102% Mar 26
99 /«
38% Jan 2
113 Iz Jan 2
23
Jan 10
No par
Mfg
Amalgam Leather Co Inc
-1
6% conv preferred
—50
Amerada Petroleum Corp—No par
1,800
5%
5%
43
*46
1,600
33
preferred
5%
20% Jan 24
No par
100
Allied Stores Corp
9,500
31%
101%
f per share
t per share
Par
31%
100%
129
51%
129
EXCHANGE
Sham
I per share
Year 1944
Lowest
Range Since January 1
Highest
Lowest
NEW YORK STOCK
101%
31
32
100%
100%
Sep. 7
Sep. 6
I per share
share
Bftnre for Previous
_
Sales for
the Week
Friday
Thursday
84% May
♦
15%
Nov
' Dec
6
'
T:7:.7:/:
B
28%
—1
•7
29%
19%
—
28%
18%
19%
28%
19%
28%
29%
18%
20%
30%
33
17%
.,■=
18
28%
23,200
aoy«
21%
28,700
33
,
29%
34
"
'
-
—
V':-'
u
.
V;)
—\
'
•
«—<»'
^
—
•
-MM
••
■V:
*17%
j
.
71%
71%
1 *70%
35%
29%
'7 29%
29%
35
72
*70%
35%
*29%
-
*17%
35%
18%
'
,
30
30
53,
53%
*52%
53%
*52%
19%
19%
19%
-19%
.
53 V4
19%
19%
15%
*42
,
7
*108
39
*38%
.
44
.109
7
*38%
39%
16 Va
16%
39
38%
,
•
'
y
*
*35%.
*115
s/.
For footnotes see page
■
12% 712%
37 y4
119%
>
,
.12%
*42
44
*42
109
*36
120
,
12%
12%
109
!
12
12
*36
37%
*35
37%
120
&
Works
Ohio
5%%
preferred—
Barnsdall
Oil
Co—-
Bath Iron Works
400
-i00
4 %
.100
preferred
—.„;
.j50
Bangor & Aroostook
Conv 5%
.100
preferred
Barber Asphalt Corp£—. —I— -10
Barker Brothers.
No par
•
J
Loco
Baltimore
Corp...
~40
37
r
•
Aircraft
Beech
Creek
Corp.
RR7_
*120
125
*120%
-
I
125
200
'
Beech-Nut Packing Co_
;
Jun
:
23-
Mar 27
66-
29% Aug
17%'Jan
79
31"
54
?
25
v
May
14% Aug 17
V
22% Mar
32% Jan
19
;
40
38'. "Jan
1
23
:
par
—1
108% July 3
'9% Apr 25
-
-50
35
-20
114
Aug 17
1
Jan
20
110 "
:
Jan
/124
Dec
Jan
68'/a
Dec
23%
Dec
12
_
July
18
IJJan
——
aJIIIUI.
^
7
——-
18% Mar
19%
25% "Feb
"
14%'Sep
14% Aug
28
34% Nov
Dec
"
14
11
15% Jun 28
40% Jun
Dec
14%
60
'
May 31
44% Jun
-
4
Apr 30
'« Feb
Jan
Jan
21% "Apr
July 13
3
;2
Dec
9%
May 16
9
16% Jan
13%
23%
9y4
"
21
: 44%
7
50% Jan
:
' Jun
Dec
Jan
5%
44% Jun 22
12% Jan 31
26%
Apr
18
6
26
19% Jan 31
:
-50
—5
30% Jun
28%
•
par
„25
Creamery.
$4.25 preferredBeech
1,700
*
7
,
1.
Bayuk Cigars Inc
Beatrice
109
12%
1187.
20
44
*108
700
4,300
39
109
'
4,300
*
:V" 7;
—
*
'
17 y4
44
*42.
109
,
16
15%
20
800
'
30
19%
39
--
'
400
36%
53
16
'
7,100
,
; 72
*52%;
15%
'
*•"*,
—•
18
.19%.
,
-
'7-'
"
31%
35%
:
•
'
.
.
7'
/
7"
.72
*29
V
7/7 —i
•-
18
30%
35% .36
'•V
'
72
«...
—
—
'
•
,
31%7v
*17%
•
7'
.r,
31%
•
—
Baldwin
6
May 29
^
31
" Jan
38
Jun
111
105%
Dec
Oct
14%
Dec
" Jan
38
DC
111% Jun
121
Nov
~
7% "Jun
7: 31
Number 4419
Volume
THE COMMERCIAL
LOW
Sep. 1
$ per
AND
Monday
Sep.3
Saturday
$ per share
share
HIGH
SALE
Tuesday
Sep. 4
16%
$ per share
.
22%
16%
23%
19%
54%
55%
27
55
24%
25%
24%
25
22%
23
22%
23%
23
83
84
82%
142
140%
140%
"64
66
*64
56 %
5,100
^enaix
27%
27%
2,800
flenenclai
*53
65
23 ¥4
84
65
28
28%
28%
16%
16
16%
16%
16%
25
25
25%
25%
23
22%
113
*25
22%
*110
113
26
22%
24%
25
23%
63
63%
63
63%
63
63%
1C4%
*103
104%
*103
104 %
*103
"58%
59%
31^4
31 %
"147%
Poods
8,600
20,700
63
59
58
31 ¥4
Bohn
Bonl
31%
Co——4.
100
4,300
Bond
40 Vo
40%
40 ¥4
40 ¥4
3,100
44%
45 %
45%
45%
45%
46%
6,200
Borg-Warner
1,100
Boston
7%
8
150
8
100
8
4%%
-
Biass
Borden
Co
&
49 ¥4
50 ¥4
500
21%
22%
21%
22%
22%
22%
*51%
2,600
53 Va
"51%
53 %
*51 ¥2
53 Va
13%
14%
14
14 Va
22,860
47%
47%
47%
8.900
46
45%
45%
600
Bristol-Myers
14
48
46%
47%
46
46
45%
46
57
57%
57%
57%
57%
571/2
57 ¥2
57%
*108%
108%
108%
108%
109 ¥2
109%
Bower
1,600
27%
"28%
27%
28%
28%
55
*53%
54%
*53 ¥2
28%
29
*28%
29%
28 ¥2,
29
15%
15%
15%
16%
16 ¥4
16%
28%
15%
15%
"124
27%
27%
*53%
55
125
125
125
*124
125
Briggs
125'
16%
16%
16%
16 ¥2
16%
No
91
92%
92%
93%
93
93%
92 ¥2
93 ¥4
19%
20
19
19%
19%
19%
7%
12,000
30
Budd'fE
16,800
:
G), Mfg
$5 preferred
Budd
29%
30
25%
25%
26%
32%
32%
2,300
32
32
31%
32
31 ¥2
31%
29 %
27%
2,100
Bulova
27%
28%
28%
29%
29
29%
17%'
8,000
17%
17-%
10,900
Burlington Mills Corp
Burroughs Adding Mach
9 ¥4
2,500
63%
63%
19%
63%
19%
"106
109
3%
3%
18%
19%
19%
109
3%
:
19
9
9
80
*78
80
65
67
68
68-
210
'19%
108
19%
19%
-
108
19%
*107
3%
3%
19%
19%
'<■
20%
19%
20-
1,200
3,500
93'A
93%
93%
94
95
95%
96%
96%
470
"27 %
27%
27%.
27%.
27%
27'A
27 ¥2
27'%
300
{
1
4%%
Participating
33%
33%
54%
54%
*53%
1%
1%
33%
1%
6%
6%
27%
27%
38 %
38%
118%
119
55
6%
7,9Q0
Calumet
2,000
Canada
28
38%
39
40
40
41
*47%
49
15%
*47
15%
60
60%
60%
13%
13%
55
*54%
123%
*38
54%
123%
120 ¥4
120 ¥4
49
*60
*47 :'•/
16
15%
13%
124%
119 ¥2
15%
61
13%
54V4
124
480
49
18,800
61
GOO
13%,14 V4
54%
*54%;
124
123
$4.25
1,600
'54%
39
39
39
39 ¥2
400
27%
28
28%
28%
28%
5,200
Carrier
70
71%
71%
*71 Va
72 ¥2
200
4¥2%
7%
7%
41%
41%
165
7%
7%
41
41
*162
165
%
7
7
40%
*162
7¥b
41
7¥B
41 ¥2
165
600
43
10
8%
6
Jan
12% July
48
Sep
4
.27
Jan
44%
Feb
20
39
Jan
50
57% Sep
7
40 ¥4
Jan
53 ¥2
Oct
,14% Jan
2~2~V*
July
17
July 26
109% Sep
:2
7
59 Va Jun
2
,
26
39%
Jan
49 ¥»
29¥2 Apr 24
17% Jun 23
25?'
Jan
7
.
32 Va May
,17 ¥4
Jan
25%
Dec
8¥a
Jan
14
Dec
Jan
129
Dec
22
125
Jan;
5
2
17
2
93% Sep
2
20
Sep
30
Jun
116
16
Jan
Jun
5%
Jan
12 ¥2
6
47 ¥2
Jan
77 ¥2
Dec
5
.7 ¥4
Apr
11%
Jun
17
Jan
22 ¥2
Dec
16%
Sep
20%
Dec
18% Jan 22
26V2Sep,7
30¥1 Aug 27
20% Apr
6
13% Jan .2
7 ¥4 Mar 28
(
29 ¥2 Sep
6
3% Jan
15
Jan
Dec
43 ¥2
Apr
7OV2
Dec
8%
Jan
15%
Dec
2%
Apr
*3% July
22.
*
.
19
20% Mar
6
.
101 ¥2 Feb
22 ¥4 Mar 26
<
3
4 ¥4 Jun
Aug 21 /
-
83
19% May. 9
109% Jun .12
2/
.
28
27 ¥2 Sep
5
.
17%
Dec
67 ¥2
Jan
96
Dec
Apr
25
Sep
«
Apr 18
24%
Jan
30% July
56
Apr
17
53%
Feb
57
2
Feb
23
%
Jan
IVi
Jun
6¥4 Apr
4
9
Feb
23
May
7%
Dec
28
Sep
6
15 ¥4
41
¥4 Sep
7
23 ¥i Feb
21% July
35 ¥4 Dec
33% Jan
47 ¥2
Steel
53
No
Co
Mar 26
31
Jan
24
113% Feb
par
8
120 ¥4 Sep
4
53
Apr 24
>19% Jun 26
100
47
25
.
V
10
:
Ry
Co
11
>,
100
52
J'
2
5
.
,ar 26
116% Jan
—5
2
32
Mar 26
Corp
10
21
Jan
preferred
50
59% Aug 9
5 ¥4 Jan
2
1
25
Preferred
35% Jan
100
152
Jan
12% July
Apr
51% July
55 ¥2 Mar
1
43
2
97
.
130% May
30'
28
7 ¥2 Jun
Feb
¥4
Jan
Jan
27 ¥2
Jun
33 Va
Oct
22%
Dec
Nov
65
Dec
4
Jan
33
Apr
27
8
May
7
143 ¥2 July
65%
66 ¥2
66 ¥2
67%
3,200
Caterpillar Tractor
No par
47% Jan
22
69 ¥1 Jun
54%
53%
54'
2,500
Celaiiese Corp of Amer;
No par
No par
37¥c Jan
15
54
¥2 Sep
104% May 15
110
Jun
5
127
153
Jun
14
113
11
17
Jan
19
Nov
106
152
106%
*151
106%
106 ¥2
152 ¥2
106 ¥2
*151
400
152 ¥2
17%
18
17%
17%
4,700
_20%
20%
20%
20
20%
20 ¥2
21
2,620
22%
22%
22%
22%
22%
23%
23
23 ¥4
7,800
6 %
6%
6%
7
6%
7%
7Vi»
6,100
*110%
111
*110%
$4.75
50
18%
20%
*110%
111
*15%
15%
15
15
"31
32
31
31
*16
16%
15%
15%
*15%
7 Vo
111
*110¥4
Central
168 %
168%
168 Vo
24
23%
36%
168 ¥2
24
37
37 ¥4
168 ¥2
*15%
16
16
16
x51 'A
52%
51%
52 ¥4
16.600
7%
8%
7%
8%
8 ¥»
8 ¥2
3,300
20 ¥4
1,700
20
20
60
19 ¥4
8%
8%
60
20
8%
60
'
197/a
9%
9
9%
Chic
26%
27
27%
28
28
1,600
38%
.37%
39 ¥4
38%
39 ¥4
6,300
64
64%
63%
64
63%
64%
26%
26 V4
25%
25%
25%
26
26%
26%
26%
26%
26%
26%
55
53%
53%
*53
54
56%
57%
57%
*57
58 0.1
56%
56%
63%
64 ¥4
27 Va
3,700
26 ¥4-
1,900
27%
X26
1,900
100
80
&
Class
2,900
26%
37%
.
,
Cab
East; 111
RR
$3
cdnv
Pr
pf
($2.50)
18%
18 ¥8
18%
18%
18%
200
18%
17%
17%
18 Va
18 ¥4
2,000
Chlckasha
6%
6%
6%
6%
*6%
7
6%
1,600
32
6%
32
123%
124%
57%
58
56%
58
57
57%
22'A
22%
22%
22%
23
42
41%
41%
41%
41%
*102
104
*102
104
*102
11
33
125
22'A
*41%
X57%
130
125'A
104
58 ;
3,300
22%
23
2,000
42
30
f
104'
*102
12%
13%
13%
13%
13%
13%
13 ¥4
57%
58%-
58%
60%
60
60%
99
54
*106
200
99
110%
54%
109
*98%
100
*56%
59
39
49
<*147
149%
64%
39% ■
49%
149
150
64%
*1000
39%
45%
*110
*28%
40
33%
*32%
see
page
1187.
*175
98
111%
55
*106
*98%
200
*111
56 V*
56%
58%
60
*106
49%
45%
113
28%
40 *
39%
45%
*110
27%
40
*97%
108
*98%
100
*56%
1
59
38%
49
<■■■■
^
div
•
3,300
3,000
166 ¥2
64%
45%
113
28
*147
45
*110
27%
45%
113
2,800
64
290
34%
33
34%
33%
34
32
32
o/.
32
Va
~
44%
28
40%
34%
*32
14 Va
Apr
50%
46% July
Dec
Dec
12% Jun
18
5%
Sep
9¥a.Mar
26
22
18
11%
Jan
18% Mar
Jun
12 ¥2 Jun
18
4 ¥2
Jan
7% Mar
Jan
22
34 ¥4 Jun
18
18
Jan
25% Mar
22
49 ¥2 Jun
26
21 ¥2
Apr
30% Nov
76% Jun
22
26
43 ¥2
Sep
65 Va July
22
2 6 ¥2 Aug 27.
15%
Feb
21%
2
27% Mar
7
16 Va
Jan
par
49
3
54% Apr
19
38%
Jan
21% July
49 % Nov
par
54
57
4
58% Apr
16
47
Jan
15 ¥2 Jan
3
19% Jun
8
13
Jan
Jan
4
2
18% Aug 31
8% Feb 19
14% May
1% Jan
17 ¥a
4% Jan
29% Jan
2
36 ¥2 Jan
18
24
30
" 91% Jan
24
125% Sep
~4r
77%
42¥2 Jan
2
Jan
20% Jan
Jan
68
2
2
9% Jan
100
Jan
98
.
2
31
par
27
49
i
14%
Jan
25%
Nov
95
105:
10%
Jan
.7.
35%
Feb
51
Dec
Jan
185
Jun
90
Jun
105
114
22
60
¥2 Jan
34¥4 Jan
35% Jan
140
Apr
130
17
186
18
Apr
May 15¥2 Feb 27Sep
7'
110 ¥2 Apr
18-
100
30
Jun
57% July
-2
2
40% Mar
8
5.;
49 ¥2 Sep
9
May 31
S- 62^ Jaii' 2
Dec
96%
Jan
2
53
50% July
25 Ve July
31%
Nov
26
3
Oct
Jun
>6%
20
93¥2 Jan
98 Ve
Jun
July
■6
Feb
July 10
6%
19
Jan
107
Nov
19 ¥4 July
Jun
2
Jan
Dec
13% Sep
60% Sep
Jan
44
Feb
lb
18
89
i_l
40 Va
Feb
43 ¥2 Jan
170
par
Aug 28-
May
23 ¥4 Jan
109% Jan
par'
Class- A-———-,-^i.Wo
par
Coca-Cola International
Jan
16
par
100
(The)^
Feb
44
19% Jan
a—100;
No
Jan
11
2
151'
4"
May 31-
168 ¥2 Sep
148
76
Jan
110
Nov
115 ¥2
Apr
45 ¥4
37 ¥2
Jan
Jun
106
Mar
109
Jan
92
Jun
96
Aug
52 ¥2 Mar
53%
Oct
307/a May
38 ¥2 Mar
34¥a
39 ¥2 July
145-
Apr
Feb
7
65% Aug 27
Oct
152
Juij
146% July
59% July
67 ¥2
Jun
23V2
33 ¥2
Dec
Corp No par
.
'
*110 ¥8
28%
33
39
Co
;
$4.50 pfd
27%
.2
19 ¥2 Jan
———
168 ¥2
63
*1,000
40"%
40
40
149
166
v
"
39%
*
49 ¥4
64
Louis Ry.
preferred
El Ilium
22
54% Mar
5% Jan 22
——
39 ¥4
157
& St.
No
Jun
17 ¥4 Jun
25 ¥4 Jan
5
Equipment
68
5
24
5% preferred
—100 ■
Clev & Pitts RR Co 7% gtd
50
Special gtd 4% stock
50
Climax Molybdenum
No par
Cluertt Peabody & Co—Wo par/ ;
..Preferred.—.—100
Coca-Cola Co (The)—-—-Wo. fht
38%
149
-
3
7
54% Jan
Clev Graph Bronze Co
100
59
5%
Clev
J
Dec
31% Dec
Jan
6¥a Mar 26
No par
;
Nov
23
16
15 ¥2 Jan
I——8/
preferred..
134
Apr
Jan
Jun
14¥a Jan
par
No par
Stores—
May
17 ¥2
39
41
25
no
57
Deo
23
Mar
3
47% Mar 27
No par
J
5
25
28 ¥2 Jan
—10
—;
168 ¥2 Sep
8
Apr
21 ¥4 Mar 28
par
1,200
49
65
*1,000
90
38%
155
40%
*98%
30
No
No
Oil
Corp
Ice & Fueil— \
City
O. C. G.
100
Cotton
C I T Financial
2,500
49 ¥4
*147
Jan
No
City investing Co
Clark
111%
*56%'.
149
*1000
40
*106
129
No
Copper Co
ChrysleCorp——:—*
City
108
109
100
Jun
Chile
9,000
60
38%
65
200
111%
59
150%
*175
100
111%
39
48%
200
*97 V?
*56%
*147
*175
111%
99
9
25
Chicago Yellow Cab
5 ¥2%
13%
57'A
110%
For footnotes
8,200
*41 ¥t
56%
*175
Apr
—5
Co
tChild8 Co—
34
4%
5
eum
*18
*32
24
100
preferred
X18%
123%'- 124%
Jan
Chicago Great West RR Co
—50
5% preferred
;
50
Chicago & Northwest'n w i__No par
5% preferred wl—
100
Chicago Mail Order Co
5.
Chicago Pneumat Tool—
No par
18%
34
37% Jan
40
18%
125%
Feb
A
18%
*32
30 ¥2
7
39% Aug 30
13 ¥4 Sep
4
Mfg—.
*17%
124%
24
1
Checker
27
56%
Jan
Chesapeake Corp of Va
Chesapeake & Ohio Ry
38%
*53
33
Products
100
27
55
Nov
12%
No par
Copper
600
38%
*53
28%
Jan
No
16
8%
Apr
7 ¥4
No par
52%
20
20%
Chain Belt Co
60
8%
Mar
14
July 13
Champion Pap & Fib Co
51%
60
15
Jun
200
*15%
July
July
4% July
114
Sep
13
900
16
19 ¥2
*23
38
23%
63
Jan
Jan
Jan
Mar 26
par
6 %■ prior preferred
150
2%
107
July
10% Jan 22
25
e
37%
52
20
8 ¥2
37 ¥4
51%
8'A
18
"23%
*15%
8%
18
23
20 ¥4 Jun
Cerro de Pasco
168%
60
7% Jun
115 ¥4 Feb
7,800
168'A
*60
2
No
Certain-teed
Jun
13
Central Vloleta Sugar Co
Century Ribbon Mills—i,
16,800
Nov
15 ¥2
16
100
13
Dec
129 ¥2
Jan
10% Apr
500
12%
106
Jan
109¥2Jan
16%
38%
Jun
1
32%
3 7 ¥2
96%
10
15%
13
40 ¥a
21% Jun
32
38%
Apr
24 V8 Jan
16%
12%
18 ¥4 May
31%
5
32
37%
4
5
100
Dec
54
preferred—100
4¥2%
Mar
Jan
18 ¥2 Jan
31%
13%
2
5% Oct
39
152 ¥1
44 ¥4
20¥a Apr
' 4 ¥4 Jan
ICent RR of New Jersey
37%
37
Lt
2
14% Jan
par
20
No par
800
12%
*23%
111
Jan
Dec
27
7
13
15 ¥2
37
24
5%
No
Central Aguirre Assoc
Central
Foundry Co
iur
13 »A
38
—100
:
15 ¥4
38%
37%
preferred
Corp
preferred-
15%
13
"23%
1st preferred
2d
15
36%
167
7%
Oelotex
Dec
Dec
Dec
18%
54
18
¥2
56 ¥2
54
152
11
54%
119
7
May
171
6%
1
May
44% May
3
Dec
8%
42%
74
26
Jan
Jan
Nov
7
61
39% Jun
22
,
6
Sep
7
15% Feb 20
v
48 % Jan
par
A
1
class
Jan
;
10% Jan 33
No
Ohio
34
,
20
20
5
;
3
Jan
66
106
Dec
12% Apr
53%
1814
9%
20
65%
151
Jun
Jan
Jan
72¥4 Jan
14% Jan
15%
4
54
59 ¥4 Mar 27
105% July 26
Jan
27
July .13
10 ¥2 Jun
85
/
12 Va
18¥eMayl7
-
77%-Aug 23
;
7
54%
106%
July
32% Aug 31
67
18%
Dec
26
.
66
151
Aug
July
i '
•
53%
*106
Oct
47
87
Carriers & General Corp
Case (J I) Co
8,000
165
165
14 Va Sep
45
21% Aug
53
Oct
2-
Administration
Carpenter
39
27%
70
Feb
1 ¥4 Jan
—
$3 preferred A
Clinch &
28%
*162
Mills
Capital
Jan
40%
"37 ¥2 Jan
1
Ale
Ry
Carolina
72%
28%
*70
Cons
Southern
"70
123 ¥2
Hecla
Canadian Pacific Ry
Cannon
12%
6
July
27 ¥2 Jan
Zinc-Lead
Dry Ginger
preferred
Canada
-16
GOV*.
13%
¥4
7
2
52
15
Copper
—5
No par
Campbell W & C Fdy
3,100
28
38%
50¥4 Sep
26¥4 July
9
Jan
Dec
;
7/
28
7 ¥4 July
;
Callahan
&
41% July
Jan
par
50
preferred
5,700^
6%
6%
119%
5%
34%
Jan
100
'
Oct
Jan
22 ¥2 Jan <3
10
No
Packing:
1%
27%
119
391/4
10'
California
1%
27%
13%
"38
2,200
*53%-, 55'
1%
27
60
*54%
55
1%
34
6%
15"%
*123%
33%
6%
118%
15%
33%
*53%
1%
48%
"48
33%
117
3%
10
No par
C
33%
Sep
109 % May
28%
74% Jan
100
,
Dec
55 ¥»
>¥2
No pat
;
98
7
-10¥a Jan
-
5
;
Co
151V8 Aug 27
par
Zinc:
preferred
Byron Jackson
Apr
Jan
88
5
120
par
.
¥2
46 ¥2
Aug 1*0
59¥2July l2
32% Aug 27
106
18
Jan
;
-
Jun
46 ¥» Sep
10% Jun
12% Mar 27
preferred—100
preferred
Coppesr St
flyers:Co (AM)
52%
40% Sep
45
100
Butte
Jan
39%
2,406
No
1,100
Collins St Aikman
No par
1,600
44%
Ooleate-Palmolive-Peet
Colo Fuel & Iron Corp
Colorado St Southern
113
5%
28
40 V8
100
34%
33
conv
preferred
-
4 %
non-cum
1st
preferred
100
4%
non-cum
2nd
preferred
100
2
110
No par
—100
faO
2
34% Jan
100
340
:
31¥a Feb
par
Aug 24
23% Jan
28
v
23
40%
Se£
45% Sep
115*
Jan
32% Jun
5
Jan
5"*
£5%
Apr
38
9"
i09%
Feb
116
14%
Apf
19
*
19% Nov
5
23% Jan
_._1
Butler Bros.,
100
4'
Oct
Jun
■45
4
5
No
12%
109
49% Jan
1
..
Bldg 7%
>63%Sep
19
par
Inc
preferred
Bush Term
3,600
109
3%
6%
29% Jun'27
10% Mar 27
par
No
a
Co.
Bush : Terminal—
-
Feb
93 ¥2 Mar
40 ¥4 Mar 27
1
Co
Watch
2
Jan
Forge Co—
Bullard
60
4
19
16%r
9
*78
64%.
*107
17%.
Buffalo
24.
par
No
25%
500
14
37% Mar 27
•
No par
No par
—
Wheel
Jan
"16
Jan
"14 ¥4 Mar
*
Dec
17% Mar
100
29%-
...17
Dec
111% Jun
Julv
130
i 7%
21
' 7
21
preferred—
25%
9
Dec
20
Jun
23 ¥2 Sep
__5
29%
17%
22 ¥2
26
106
No
24 %
79%
Dec
par
No
Co
29%
8%
15
100
No
»
25%
17%
Aug
26
47
par
preferred
X25%
*78
25 Va
20 ¥i July
66%
,
5
5¥4 Apr
5
42Vt Jan 24
5
Bruns-Balke-Collender
1,170
19%
9
Jan
36 ¥2 Apr
par
a
29%
78
16 ¥2
33¥2 Apr
<
par
No
"29
8%
x30V2 Sep ~ 7
16 ¥2 Sep " 6
52¥2 Apr
3
247/8 July20
114
Jan
3
5
No
Co
Bucyrus-Erie
60
16%
78
Oct
2
23
95
•
15
Brown Shoe Co—
700
16%
.
51%
49¥2 Jan
2.50
Manufacturing.
3%%
5.200
16%
18%
Bearing Co
Brooklyn Union Gas
54%
125
Roller
Airways lnc__
Brewing Corp. of America
Bridgeport Brass Co
210
28%
27%
"53%
Feb
17¥4 Apr
5
Braniff
700
108%
108%
47%
*45
37¥4
Jan
(assented)-100
Briggs St Stratton
47%
13%
65¥4 Aug 36
18 ¥2 Jan
lo
RR
53%
14
-2
Jun
20 ¥4 Jan
par
Corp_
22%
13%
Feb
xl08 ¥2 Mar 26
__1
(The)—
Maine
22%
49
Jail
Jan
146
13¥aJan 22
100
"51%
*48%
15%
56 ¥4
23
No par
Dec
115%
Jan
•
49%
19
2
48
—5
Jan
84% Sep * 7
22
2
-
100
preferred
48%
49%
Jan
Jan
Jan
par
(new)
48%
*48
17
par
5
—No
Inc.
*148%
*149
&
B
Stores
Aug 28
x26¥2 May 7
23% Sep'"7
5
Arm Co. class A—
Class
■
V
Aluminum
40%
8
No
Airplane Co—.
147%
*7%
Mfg Co
Laughlln Ino__
Boeing
2,400
58
31%
Dec
Jan
127
.-
No pat
& DeckeT
Blaw-Knox
104 ¥2
58
207/a
56 ¥2
65
100
Black
2,300
24
31%
Jan
Sep * 6
6
56 ¥2 Jun * 5
par
No par
40%
7%
—No
Bliss &
59%
150
(Del)
Bloommgdale Brothers
No
Blumenthal St Co preferred—
31%
Jan
17
57
28
12
July
July
Jun " 2
5
_1
a
Steel
preferred
147%
44%
7%.
23%
33 ¥2
*63% NOV
103
7
22% Aug 21
1
160
30%
40%
44%
23%
15%
"
800
59%
»
150
40 J/8
23%
13
Apr
54
Blgeipw-Sanf Carp IncA
113
63
"103
24
Jan
10%
1.9% Jan
26
*110
10 Va
24¥2 July 2
21% Jun * 5
0
Loan
23%
22%
113
17VjAug"31
2
par
Indus
Highest
t per share
7'
Aug
par
7%
,
t per share
12% May
No
--
$ per share
1944
18
10
100
Aviauon-
Bethlehem
200
16%
25%
22%
*110
:
Pr pfd $2.50 div series '38_No
Best
100
Year
Lowest
15
103% Sep
47% Jan
9,400
30%
16 ¥4
12 Va Jan
Y
Co._
Best & Co
10,100
65 ¥4
X30
* Per share
No par
•
140:
65 ¥»
30
16
84%
*138 ¥4
•P°r
\
preferred
2,500
23%:
84
140
65
26 ¥2
Howell
4V4%
55
26%
•
Aircraft* Corp
x56 ¥4
23%
83%
*138
28%
"22'A
Bell
140
26%
2tt Vt
"11U
Bell
1.300
19%
,
Range Since January 1
Highest,"
Lowest
•
.
4,100
21%
\
Belding-Heminway
,
83'A
"140
N
2,000
.
Range for Previous
STOCK
•
,
103'%
55
25%
YORK
EXCHANGE
%
19%
27%
*53%
NEW
103%
57
27%
55
for
Sharet
17
20%
19%
105
55
27%
*53%
16%
22
19%
104%
26%
55
20%
19%
Sales
the Week
S ver share
16%
106%
54%
27%
"53%
16%
22%
19%
*105
Friday
Sep. 7
$ per share
17
21%
20
106%
1179
STOCKS
Thursday
Sep. G
Sep. 5
17%
"105
PRICES
Wednesday
$ per share
& FINANCIAL CHRONICLE
26 ¥4
29%
Sep
Dec
Dec
Jan
23
50 ¥4 Jun
19
28 ¥4 Jan
2
46% Jun
20"
12 Va
Jan
30
Deo
25% Jan
2
46 ¥4 Jun
20
13
Jan
27 ¥4
Dec
11%
Jan
Dec
'
RECORD
NEW YORK STOCK
BatarAay
shart
*
per
pain PRICKS
Wednesday
S
share
39%
39%
V-7%
103
104%
110
.
7%
7%
103%
*103
40%"
40%
41%
42
40%
40%
41
41
900
7%
7%
8
7%
104%
*104%
105
*104%
110%
,
103%
104%
118
110%
24%
*49%
x24
*49y.
51%
6%
70
5%-
preferred
118%
119%
2,100
241/4
22%
24%
50
50
*49 y.
50%
200
50
51%
51%
52%
x52
52%
3,300
105%
•105 Ye
105%
•104%
105%
100
105%
17%
17%
17%
17%
18%
15.500
17%
i
1%
1%
iy4
losy.
107%
.;
1%
108V.
108%
109
30 V.
30%
30%
30%
38%
38%
38
38
38
33%
33%
34
33%
34%
34%
34%
34%
34%
35y8
35%
103%
103%
*103%
104%
103%
103 Va
4%
4%
4%
4%
30%
31 y.
30%
106%
106%
106%
31 y.
106 %
4%
4%
4%
4%
11,100
38%
300
*37%
4%
104
•■102%
V';
40
8,200
16,200
106%
106
4%
:■
*
4%
31%
1,300
4%
31
106%
1,700
4%
4%
2,000
30%
13
13
13
13
1,500
13
12%
13
12%
37%
38
38 y«
38
38%
38
38%
2,700
37%
29%
30%
29%
x29%
30%
30
30
16%
Apr
39 y8
Jan
37%
Jan
52
Aug 28
2
Jan
2
Jan- 2
39
:
Jan
12
22
7
21%
Jan
2
104% Mar 10
95%
5V4 Jun
19
3%
25
2iy8
Sep
7
106
102%
2
33% Jun
14
16%
7%
Jan
31V4 Jan
3
40
Jun
6
21
24
26
Jun
28
11%
2
29% Jun
28
18%
26% Jun
15
12
Aug
26% Jun
21
14%
Feb 23
102%
18%
19
20%
20%
2C%
20
18% Jan
20
21
108 y4 Jan
24
20
No par
26% Apr
6
Y 8% Jan
5
28%
10%
10%
99%
2,600
Container Corp
10%
10 y8
10 %
3,300
Continental Baking Co__
13%
13 %
50%
11%
13%
13%
50%
50%
51
3,000
2,200
Continental Insurance..
51%
11 %
12
11%
12
33
32%
50%
12%
-,,13%
13%
51
12%
13%
12 Va
x
32
32%
32%
32%
32%
*35
35%
*35%
35%
35%
35%
19%
■:
19%
100
18%
18%
18%
52
52
52
52%
50
52
16%
16%
16%
15%
16 Va
1,200
51 y4
51 y4
51 y4
100
18%
is y4
18%
3,100
*52
..
16%
16%
*51%
51%
51%
51%
18%
18%
18%
18%
18%
56%
57
56%
57
57%
57%
57
57%
330
34%
34
34%
3,700
104%
103%
103%
170
661/2
190%
65%
66%
2,600
16%
33%
34
104
104 y4
104
66
66 y2
33%
33%
33%
104%.
104%
66%
66
65%
190%
191
'189
191
*189
*51
8%'
8
8%
*8%
8%
4%
4V4
4%
4%
4%
4%
4%
37%
37%
38%
37%
38%
10,000
37 y4
37%
37%
27%
37
25
28
28
36%
36%
37%
36%
36%
44%..
45%
45%
45%
2,700
*47y4
*47%
47%
25%
25%
25
25%
47 V»
25%
25%
102%
270
45 y4
4,400
47%
102%
44%
44%
43 Va
44%
44%
45%
44%
97%
98
96%
97V4
98
98
99
100
28
28
27
*145%
28
19%
19
26%
18%
19%
19%
31
31
31%
31%
y4
'145%
150
*145%
150
31%
41%
41%
42%
42%
*40%
*iosy4
io6y4
*105 y4
106%
105%
16%
17%
17
137
70%
6%
23
23
*118
27
*17%
19 Y
110%
*103%
110%'
39%
300
*
2,900
20
noy4
109 y4
1,000
35%
1,100
24
1,900
1,900
No par
20
Deisel-Wemmer-Gllbert
10
Delaware & Hudson—
......—IPO
Delaware Lack Ac Western
50
Detroit Edison
20
Detroit Hillsdale St S W RR Co__100
Devoe St Raynolds A
No par
Diamond Match
No par
6%
partlc preferred
25
Diamond T Motor Car Co
2
Distil Corp-Seagr's Ltd
No par
5% preferred
100
Dixie Cup Co
No par
24%
X24
43%
42%
42 y4
43%
43%
12%
11%
11%
11%
12%
12 Va
12%
9,800
22%
22%
22%
22%
22%
23
23
23%
4,000
42%
*71
*71
75
75
*71
75
2.230
1.300
56
56%
56
57
56%
60
60%
61 y2
36%
37
37
37
37 %
37%
37%
38
44
43%
44 y4
500
43%
44
*43%
*43
44
24%
24
24
24
24%
24 Va
24%
1,400
54
54
S4
54
54
54
54
54%
800
106
106
32
106 Va
1
48%
32
32
31 y2
48%
48%
31%
31%
48%
200
108
*106
108
48%
32%
*48%
*105%
106 »/a
2.400
31%
25
';t
10,400
Class
24%
25
24%
25 V.
24%
25 «
23
23%
23
23%
23%
23%
23%
23%
3.800
Dome Mines Ltd
89
89%
86%
88
87
88
86%
87%
2,100
142
Douglas Aircraft
Dow Chemical Co
141
140%
143%
143
141%
141%
*112%
114%
*112%
114%
31%
32%
31%
32 y8
31%
18%
17%
17%
*17%
18%
*22%
23%
23 y4
23%
*18
*113
*113
114%
22%
171%
173%
172
172 %
173
126%
♦126
126%
126%
127
*114
116
*115
116
115
115
32%
12,100
5,200
115%
70
115%
17%
17%
17%
17%
17%
17%
4,300
Eagle-PIcher
66%
65 y4
65%
66
66%
67
67%
3,000
21%
21%
21
21%
21%
X181
182 y4
*190
190%
61
'i'r*
31%
31 y4
106 y4
27%
*107
31%
185
187 W-
193%
190
190
90
62
800
61%
31%
31%
31%
105%
3,000
1,700
31%
106y4
105%
27%
27%
*107
108
108
*60%
61%
106%
31%
106
27%
108
183
*190
61 y4
106
28
182%
182
193%
61
61
106 y4
i I
181%
*190
27%
28
106%
107%
10%
10%
10
10%
2,400
Elastic
65
65
65%
14%
15%
3,500
3,200
Electric
130%
*118
'
48%
38
y4
24
*117
119
32%
38%
-24
*71
105%
v.
23%
24
23%
72%
72%
72%
72
105%
105%
1053/4
*105
27%
*103%
27
27%
104%
*105%
105%
106%
106%
•
*105V4
105
27%
27%
♦103%
..
104%
105*,*
105
48%
23%
-
-
'
*102
72
•
105
-
102
v
V.
: 102
110
102
\ 102
104 Y 105
30
v
150
28
4%
Jun
7% Nov
6
14%
Jun
19% Nov
7
123% Feb
21
12% Jan
12
16% Jan
30% May
6
8
19% Jun
7
5
'
•
—or: •
114% May
21%
Apr
; 6% Jan
Nov
127
28%
Dec
13% Nov
19% Feb
8
13%
Jun
16%
Oct
Jun
15
109%
Dec
113%
Apr
May
5
21%
Jan
4iy.
Oct
39% Mar 29
47% May
5
36%
Apr
45%
Jun
34% Aug 22
38% Mar 26
32 y4
Apr
36%
i
113
108% Aug 10
33
Jan
22
48
9
17%
Jan
22% July
17%
Jan
37%
16% Jun
7% Mar 29
19
18
25
5%
Jan
23% Jun
19
27
21
Jan
2
67
Jan
31
74
36
Jan
23
61% Sep
33
„
16% Jan
July 11
7
38% Jan
4
3
46% Jun
Aug 20
40% Jan
Oct
26% Feb
57% Jun
Aug 21
34 V4 Jan
28
26% May
2
38
Jan
22
60
105
Jan
25
109
Jun
Mar
18% Jan
Dec
9% Mar
21V4
Dec
': Oct
52
Feb
65
29 y4
Jan
41%
Oct
28%
Jun
35%
Dec
42
Sep
38% Mar
5
33%
26
*27%
Jan
Feb
9
95
Apr
17% July
38%
105
Dec
Dec
17% Mar 26
32% Sep
4
15y4
Jan
20%
Sep
47"
Mar 20
49
Feb
1
43%
Jan
49
Nov
18
Jan
25% Sep
5
26% Feb
23
95% Jun
18
22 V4 Jan
65
2
2
Mar 26
21% May
47
May
27% July
72% Nov
Jan:
7
114%
Apr
131
17
106%
Jan
113 Y.' Aug
19% July 16
~8%
Apr
14% Nov
25
11%
Feb
20 y4
Dec
2
144% Sep
114 »/4 Jan
6
33% Jun
25
27
Apr
12
Mar 21
20% Aug 24
Jan
5
Jun
128%
Dec
100
113% Aug
1
117
Mar
6
113
Dec
120%
Jan
155
13
Jan
19% Jun 21
22
1
39 V4 Jan
22
68
5
18% Jan
26
25% Jun
Aug 28
21
Feb
14% July
33
Apr
41
Is~ 6%
Jan
25%
10%
Dec
Dec
Dec
No par
170
July 30
187
Sep
7
157
Feb
178
100
4
185
Jan
6
200
Jun
2
175
Jan
195
Sep
49
Jan
22
41
Jan
52
Dec
21% Jan
15
61% Sep "6
31% Aug 27
24%
Dec
105% Sep
7
2
.....—.100
106% Sep
5
14
1
Boat
Elec St Mus Ind
8% May 3
42% Jan 20
3
Stop Nut Co
Auto-Lite (The)...
16% May
4;
4
$7
No
•
$6
par
109
Electric Mfg Co
4%
$3%
Service
preferred-.
$6 preferred
Jan
29% Jan
25
62
No par
No par
No par
Jail
'r 6%
5
Dec
103%
Dec
78
Apr
16
39 y4
Apr
47% July
7
27%
Feb
34% Nov
15
Sep
22%
Dec
Dec
Jun
18
6
57%
Jan
26
101%
Jan
108%
7
8%
Jan
Dec
July 24
89
Jan
105
Nov
Jul? 12
92%
Jan
107
Deo
Iflff
«•
»
"A.
ntH
•_
Dec
104
87
109
101% Apr 21
104
Feb
1
17%
Jan
July 16
106
Oct
5% July
114
Feb
•
Dec
Apr
68%
107
4
100% Jart
Mar
Jan
23% Sep
July 25
16
May
72% Aug 24
Mar 26
104
i
.50
3%
3% Nov
5
50% Feb
40
—..,100
preferred
Engineers Public
$5 preferred
A
15%
81%
21 % Aug 2Q
5
15 y4
45% Aug
Apr
5
20 % Mar 27
^.4
Dec
Jan
10
7
34% Mar 21
Sep
8%
37%
13% Sep
43 % Aug
3
7
132% July
123% July
Jan
103
preferred
preferred
Paso
65% Sep
18% July 10
7% May 11
20
4% Aug
3% Jan
Am shares
Electric Power & Light
Jan
Sep
July 18
12% Mar 1
1187.
For footnotes see page
Dec
7% Jun
162%
Emerson
.90
Aui
July
61%
Feb
Emerson Radio As Phonograph
endicott Johnson Corp
31,600
n%
140
Jun
Natural Gas
300
72
Apr
123%
El
29%
Apr
41
137
Electric
105%
'97
1
1,900
23%";
26
Aug 10
Jun
7
2.800
23% Y?4 %
109% Nov
25% Sep
25% Apr
No par
—No par
Storage Battery
No par
100
Jan
5% Aug
Feb
2,400
n
Mar
120
101
2
5% Aug 20
18 % Jan
20
2,200
40
72
104%
105
40
Electrlo
1,300
29
29
105
45.400
•
105
105%
105
49
*23%
■
1,400
5%
13%
131
120
*118
49
38% "39% rr-
v
24
24
13%
130%
119
48%
35 y2
23%
-r-
131
119
"
5%
5%
13%
131
49
23
24
15%
5%
12%
;
131
119
*48%
48%
15 y4
;
5%
12%
130%
-re
23%
15%
5%
12%
17% Aug 27
23
63%
15%
19
May 18
38
31
Mar 26
9
Dec
108
64
-
Dec
144
108% Jan
Jan
July 24
10%
5%
Jan
2
July
Aug 10
63%
12%
130%
112
10
29% Apr
1G5
24
10%
15%
7
107
64
5%
Dec
Jun
147
129
preferred
ny.
12%
Dec
19 y8
100
4%&
63%
15 y8
Dec
29%
Feb
Ekco Products Co———.—....5
10%
v
89%
Jan
11%
180% Sep
preferred
preferred
4Va%
Jan
20%
9
Edison Bros Stores Inc.
140
107
69
18
14
2
Eaton Manufacturing Co
90
2,200
28
28
34% Jun
103
Jan
Stainless Steel Corp
cum
Dec
Dec
37 y4 Nov
125% Jan
1st pfd
Eastman Kodak Co
6%
22%
105
30%
50c
1
Eastern Airlines Inc
400
21%
Jan
Jan
Jan
10
17%
22
97%
x22% Jun
110% Jan
Co
17%
•21%
Jun
15% Feb
-28
No par
65%
"3 y~
1
26
Dec
39
Aug
49% Aug
Mar 26
4
(E I) St Co
DuQuesne Light 5*
Eastern
7
Feb
49% Jun
'32
Aug 21
No par
preferred
$4.50
700
128
*127
Feb
Jan
22%
No par
de Nemours
Du P
Jan
45
2574 Sep
No par
Duplan Corp
180 y4
176
Dunhill
200
16%
27%
105
122% Jan
A
...
7
7
5
No par
Internationa]
600
23%
22
.
42% Sep
—No par
$4 preferred series
Dresser Industries
18%
18
*23y4
176
*126
114%
,
32%
32%
22%
2,600
144%
Jun
41
46% Mar
18
29% Mar
5
Corp
July
Jan
No par
A
Doehler-Jarvls
25%
22%
Co
24%
Jun
Jan
51% Mar
6
Jan
5
14
28% Mar
2
5
Preferred
50
48%
*48
27^
34% Jun
1
4,800
11%
*23%
100
44%
36%
Aug
Feb
2
(The)——1
36
43
75
100
No par
44
23%
I
Jan
20
7
23
„>1
4%% pfd
5
:1%
18%
May 28
72
39
36%
5
140
44%
36%
*22%
7% July
33% Sep
Jan
28
44 %
&
184% July
Jan
6
Records Inc
Deere
Apr
25% Jan
38%
43%
*70
Dayton Pow Ac Lt
Oct
Apr
5
145% Jan
Decca
40
61%
52%
16
8
Corp
Chemical
5
173%
16
pfd
Dec
.
25
59 y4 Jan
Stores Corp..
Davega
Davison
57
25
1
'
'
25% July
Jan
101 »/8 Aug 28
20% Jan
39 Va
23%
36
;
19 Va
Jan
9% Jun
.
102% Aug 22
39%
y 44%
36
18%
15%
44%
122% Apr
Cutler-Hammer Inc
July
12
'
45
39%
44%
23
18%
18%'
18%
18%
xl8%
3,300
28%
Mar
28
No par
'i
47
Dec
13% July
52
jun 26
No par
No par
A
48
3
Jan
47
5
—100
Cushman's Sons Inc 7%
27%
27%
39,900
25%
121
*118
26%
Class
Dec
19% July
68% May 10
28% Mar 26
Inc..2.50
Curtlss-Wright
31%
Aug
105% Jun
2
preferred
preferred
Apr
12 y4
195% Apr
2
Prior
1,500
32,700
7
24
25%
121
*118
18%
39%
36
6%
$7
110
70%
70%
7
18%
43%
23
70
•109%
109%
11,300
17 y.
A 138
24 %
35% May 21
30
87% Jan
preferred
4%%
Jan
7
26
Jun
60
37.
100
30
Cunningham Drug Stores
Curtis Pub Co (The)
Dec
22% Jan
9
35% Jan
Inc
Press
Cuneo
20
200
37%
16%
*134
135
*17%
19
v
37%'
17%
1,200
107
*105V4
37%
3,400
41%
41%
41
105%
18%
19
18%
»1C9%
24%
121
27
27%
27
6%
24
123
22 y.
*118
x70
70%
6%
6%
32%
32%
32%
Dec
9%
33%
53% Jun
16
25% Jan
100
10
preferred
Cudahy Packing Co
49%
Sep
Jan
99 Ve Aug 22
h
Jun
13% Mar
Jan
Feb
Jan
43%
Jun
10%
24
Dec
Mar
10
5%
38 %
3% Jan
Y
29%
26%
25
Jun
-
41%
1674 May 29
.100
Cuban-American Sugar
Feb
May
53
No par
preferred
preferred
5%
Oct
2
58% Jan
No par
5
—No par
Cuba RR 6%
Nov
5
101% Aug 6
No par
Crucible Steel of Amer
m
112
8
Jun
Xl82% Jan
No par
7%
150
*145%
150
5,100
20%
-
135
136
70%
71
6%
16%
17%
135
138
-
*36
36
36
36
*35
19% A
19%
<
Dec
>
25
1
Mar
22
30
2
(The)..
Wheat Corp
of
$5 conv preferred—
960
*25%
37
16% Aug
100
,
Crown
1,200
28%
28
.—
preferred
$2.25 preferred
Zellerbach Corp—.
5,000
102%
25%
102%
2
2
52% Mar 27
25
100
Crosley Corp (The)
Crown Cork & Seal
100
47%
103
103
102%
Cream
1,000
102%
Jan
Jan
49% Jan
1
—,—......25
Corp
Co
3%%
600
45
44%
47%
*47y4
27%
27%
'35
Y
45%
44%
100%
27%
Internat
Coty
Crane
1,800
100%
27»/4
28
*35%
100%' 100%
100%
100%
100%
100%
Mar
6
600
*4
36
Dec
24
12% Jan
.100
preferred—.
Refining
Products
May
12% Jun
10
Dec
24
47% Feb
Corp__--l
20
Preferred
58
2
16
Glass Works^.—5
3y2%
Corn
3
29%
Y
Co
Trust
Jan
8% Jan
5
22
Jun
29% July 27
2,800
8%
8%
8%
Bank
Exch
Corning
50
191
191
Electric
Cornell-Dubilier
Corn
14
46
-
No par
No par
5
50
$3 prior preferred
Copperweld Steel Co
Conv pref 5%
series
32%
49% Sep
109% Jun
6
Dec
25%
Jan
7%
9
4
10% Apr
No par
Cooper-Bessemer Corp
3,200
20%
18%
53
18%
*52
Continental Steel Corp
Continental Oil
9,100
36
of Del
Motors
13
2
37% Jan
20 y8
Feb
4
11% Jun
Aug
-
-
Jun
20
307/a Jun
100
106% July 18
10
1
5
Continental
17,800
33 Va
*35%
No par
lnc_——-.-.aO
preferred
$5.50
115
93% July 30
$3.75 preferred
.—No par
Continental Diamond Fibre
5
100
109
*108
Continental Can
6,500
49%
49%
49%
109
200
100
•99%
100%
*108
50%
xl3
29
49%
49%
109
*108
108
108
28%
*97
99%
99%
48%
29
10 y4
10%
49%
of America
28%
29
99%
280
112%
111%
111
Xlll
-
Oct
Jun
13% July
32% Oct
Jan
17% Aug 21
25% Jan
Oct
6V8
30% Nov
Jan
14 V4 Mar
4% July
108%
*
Jan
24
11% July 19
Dec
Y Dec
25%
A
Jan
*
1
29
w
2% Jan
6% Feb
Dec
31
103
Jan
■/;: 4% Apr 24
27% July 27
pfd
;
Feb
109 V, May 23
2
•
Feb
32% Jun
3% Mar 23
24% Jan
Dec
V-. 29 V4
Jun
101
-
Dec
29% Nov
26
Jan
No par
Consol RR of Cuba 6% pfd.
100
Consolidation Coal Co
25
Consumers Pow $4.50 pfd—No par
111%
95%
h
-
Jan
20%
Oct
Jun
1% July
Feb ;
28
Consolidated Vultee Aircraft
111%
Jun
18%
-
Jan
Sep
1,100
112%
Dec
43%
108
Jan
8 V4
Jun
8,900
22
79
-
36
28
22
49%
Feb-
,38
22
21
-
Apr
%
2
27%
*
Dec
YY 24%
26% Mar 31
21%
Y, 21
Dec
23
A 29% Jan
28%
21%
Feb
98%
Feb
6
26
39% Jun 16
52% Sep
2
22%
*20%
93
Feb
14%
-
31% Jun
28% Jan
28
700
Dec
Feb
105
1% Jun 26
II Jan
.
21%
4,100
97%
*
22%
20%
-
108% Apr 21
18% Feb 16
July 30
15% Aug 21
28%
conv
13
Deo
5% Mar
'
39:
304
28%
48%
*
84
Jun
22%
10%
-
13
51
28%
29
—
70
Jun
24
23%
112
-
July 17
25% Jun 14
21
»}.■
-
125
18%
I#-'
Jan
104
22%
"■
76
0
Jan 15
28%
■
May 31
Dec
35%
•
27
17% Jan
$1.25
35%
Jan
Nov
■
Jan
47% Jan
Jan
25%
.
107
21
Pictures
t per share
•":: -3%
,
95% Jan
_
2,600
"
7
2
84
100
.
2,900
36%
36%/
"
31%
106%
36
35
4% v;; 4%
30%
1,900
30%
30%
38
33%.
116,600
109%
109
-
30%
30%
1%
•u 1%
1%
1%
108%
v
26 y4
7
Sep
2
90 V4 Jan
No par
No par
$2.75 preferred
No par
Commercial Credit
10
4% % conv preferred
100
Commercial Solvents
No par
Commonwealth & Southern—No par
$6 preferred series
No par
Commonwealth Edison Co—
29
Conde Nast Pub Inc
No par
Congoleum-Nairn Inc
No par
Consolidated Cigar
No par
$4.75 preferred
No pot
Consol Coppermines Corp.._
5
Consol Edison of N Y
No par
A
$5 preferred
No par
Consol Film Industries
1
$2 partlc preferred
'—No par
Consol Laundries Corp
5
Consolidated Natural Gas
15
Columbia
Sep
8Vb July 12
:
4Ve Jan
Carbon Co
Columbian
1,800
17 V.
105%
17%
600
103
51%
51%
*105%
105
103
24 y4
24%
50
23%
Mar 27
103
•
59,100
42
Mar 26
119%
102
114
*103
31
31
Elec
Columbia Gas &
Highest
$ per share
41 A
2.50
Class B.
—No par
preferred series A—
100
8
$ per share
.2.50
cl
Columbia Br*d Sys Inc
2,000
40%
'40
1944
Year
Lowest
Highest
t. per share
Par
Share*
I per share
;<YvY'
1
Lowest
EXCHANGE
Week,
40%
40 y4
40%
39%
the
.sep. 7
A
share
8 per
share
f per
share
per
Sep. 6
Range Since Jannary
STOCK "
NEW YORK
Sale* for
Friday
Thursday
Sep. 5
Sep. 4
Sep. 3
Sep. 1
• per
Toesday
Range for Prerioss
STOCKS
-
AND HIGH
LOW
Monday
Monday, September 10, 1945
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1180
4
* ,*■ 0 "T
Volume
162
Number 4419
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
Saturday
Monday
Sep. 1
*
Tuesday
Sep. 4
Sep.3
$ per share
t per share
!$ per
S per share
*13/4
16
15%
80
92
79%
*88%
92
2
1%
15%
14%
22%
22%
22
50%
16%,
11,400
14%
1,900
Eureka
22%
1,700
Evans
51
1,900
Ex-Cell-O
50%
6%
51
*6
x503/4
6%
*6
6%
54%
53%
53%
533%
54
53
28%
28%
29
28%
29 %
16 %
15%
16
16
223/4
15%
22%
22%
109
109
27%
.27%
12
27%
27%
56%
56%
61%
*107%
50%
50%
32
32%
47
40
8%
No
9
29 '
:
Y 1,300
57%
600
62%
63%
3,700
107%
*106%
107%
100
50%
50%
50%
1,000
First
7,200
Flintkote
107%
32%
*107%
40
8%
32%
32%
107%
109
46
107%
47
*39
48
40
*39%
300
40
8%
8%
9
8%
8%
1,900
63%
63%
65
63%
64%
240
21
*20%
21%
62%
63
*623%
64
*63
65
37
36
36%
36%
37
'37.
37%
26%
25%
26%
*26%
*62%
*26%
27
17
26%
17%
139
*17
18
*17
18
*138
139
140
*137
140
38%
38%
38
38
53%
53%
53%
53%
122%
21
122%
122
173/4
Follansbee
5ft
Steel
conv
Machinery Corp
Corp
6% prior preferred
Francisco Sugar Co
70
'
-
17%
500
140
20
39%
1,200
55%
2,000
Fruehauf
123%
124%
125
125%
960
4%%
Trailer
jan
14%
100
7
9
Jan
177a
Jan
19 %
105
Dec
Aug
27%
Apr
Dec
Nov
17
Apr
5
Jan
10% Aug
Jan
32
Jan
108
24
Dec
18
11
17
Jan
277a
Aug
4
45
Jan
53%
Nov
Jan
22
Jan
2
23% Jan
107
41
52
2
Feb
57 %
Dec
1033/4
Apr
109
Jun
7 35%
Aug 28
Jan
44
Aug
18% May
26%
Jun
34%
42%
Dec
33%
Dec
41
Jun
13
75
Jun
Jan
247a
10% Jun 26
■7
24
153/4 Jan
383/4
Dec
333/a May 8
Jun 27
6% Mar 20
47% Jan
93
Dec
48% May 16
4
30% Feb
May
22%
110
July 20
Jan
6
64
May 14
110% Mar
3
16
par
par
Dec
5% May
26
25
43 %
8% July
58% Mar
Aug
13
21% Apr
80 % Jun
11% May;
16
59% Aug 20
Jan 24
5
53%
Jan
69
41% Jun
15
16
Jan
29
Dec
25
Jan
4
27
July
2
20
Jan
25%
Dec
14
Apr
10
19
Jun
13%
Jan
17%
Mar
9
146
Jan
5
118
34
—1
preferred
Dec
143A
2
100
in
Co
443/4
47%
Jan
293/4 Jun
No par
Freeport Sulphur
54%
Jan
Jan
9%
May
25
pfd
39
54%
33%
21%
137a May
26
1
'...
38%
54%
8
32
53% Mar 26
10
.
May
60
10
..25
F'k'n Simon & Co Inc 7ft
Dec
5
42% Jan
Food Fair Stores Inc..—
67s
7
105 3/4 Apr
Food
Jan
38% Sep
107% Apr
..10
Foster-Wheeler
2%
383/4 Mar
par
100
300
2,500
5
50
No par
Corp—
preferred
*38%
123
No
No
Dec
Dec
213/4 July 24
Y—No par
•
Co
200
,27
►137
Co (The)
$4 preferred
*
Florence Stove
177a
47%
7
22
103
25
No
Apr
Jan
2
100
Stores
Oct
97«
16% Aug 28
23
Aug 23
109% July 27
23
10
preferred
National
13%
21%
333/4 Mar
5
97a Jan
1
Corp
Florshelm Shoe class A
21
63
21
36%
4% ft
60
48
Enamel
57
t
84% Aug
,
28
7% May
Mar 28
23% Jan
_100
Firestone Tire & Rubber
Ferro
Jan
28% Jan
par
Fidel Phen Fire Ins N Y
*20%
65
*20%
preferred
conv
28%
57
63%
65
4%%
28%
57
47
*38%
200
*27%
63
2
25% Jan
No par
Federated
*50
109
*45
17
104
5
Federal Motor Truck
2,500
62 3/8
50%
*107%
Corp
3,200
:
Jan
123/4 Mar 26
2
12
.
Apr
23% Aug 23
38 %
105%
6%
573/4 Apr
11%
105
12
24
.6
No par
Dept Stores™.
Dec
Feb
157a Jun
2
Federal-Mogul
Deo
78%
42% Jan
38%
Dec
14
70
7
2
4
Mln & Smelt Co
1%
Jan
Jan
Jun
24
11%
1043%
89
11% Jan
423/4 Jan
$6 preferred
Apr
97a
46%
*
15% Jan
2.50
ft Co—;
J per share
"
3
Corp
3/a
84% July 11
25% Jan
:
900
20% Jun
19
No par
Federal
22
12
27
Jan
8
38%
323/a
109
*39
28
12% Jan
Highest
t per share
20
0
Co__
*56
•>
107%
108%
50
109
27%
27a Jan
68% Jan
50
Cleaner
$ per share
May 21
1944
Lowest
86
100
11%
623/8
*45
26%
1043/4
56%
63%
Vacuum
Products
Fairbanks Morse
800
109
par
1
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp.I
Federal Light & Traction
15
120
108%
No
37%
273/4
56%
*107%
1,200
36
V
38%
1043/4
x26%
62
23
109
35%
1083/4
11%
38
223/4
263%
:
27%
1043%
223/4
36
36
11%
38%
1043/4
*22%.
1,100
1,500
13,900
36'
109
:
*27
12%
*373/4
104%
'
-
'•36
par
Year
Highest
$ per share
No
Exchange Buffet Corp
53%
28%
16
Bldg—
common
14%
16%
'35%
RR
Office
5 ft pref series A
Erie & Pitts RR Co
223/8
283/4
35%
Erie
1,400
22%
22
54%
108'/2
fEquitable
92
16%
<
/ 1,900
79%
28%
22 %
Par
14%
50%
*6
16%
88s/8
Range Since January 1
Lowest
Sharee
1%
*77
Range for Previous
<5TOCK
EXCHANGE
92
22%
6%
79
NEW-YORK
X14 3/8
14%
50%
13/4
16%
79
14%
*6
I per share
1%
for
the Week
*88%
14%
50 %
Sales
Sep. 7
t per share
157a
77%
*88%
*77 %
Friday
Sep. 6
2
153/4
Thursday
Sep. 5
'
2
STOCKS
Wednesday
nnare
RECORD
113
Jan
9
70
Jan
7
30%
Jan
125% Sep
17
May
413/4 May
553/8 Sep
42% Mar 26
100
15
7
7
29%
Dec
135
Sep
Dec
36% July
447s Dec
Jan
103
Nov
116
Sep
7
Apr
July
I
8
8%
8%
8%
8%
83/a
83/4
3,100
6%
6%
7%
7%
73/8
30.300
18%,
18%
183/a
18%
183/a
"18%
18'/a
2,400
16%
16
16
16%
16%
163/4
6%
6%
1.8%
*16'
*18.
19
*66%
*
63/4
67
•
...
67
1,600
Gamewell
18%
18%
19%
2,900
Gardner-Denver
67
67
/•
10%
35,300
2,600
59%
10%
28 3A
59%
16%
163/4
4,600
10%
10%
10%
27%
27%
27%
59%
59%
59
59
16%
;
9%
26%
60
16%
16%
16%
16%
107%
*106
107%
*106
56
56%
57
573/4
55%'
10
10%
*181%
10
184
20%
160
184
20%
20%
103/4
20
10%
30
31
.160%
162
473/4
47%
453/a
453/4
45%
4%
4%
4%
*148
158
51
*148
51%
*128%
72
723/4
71%
48%
485/s
45%
45%
4%
4%
153
250
1,000
70
49%
19,500
46%
7,500
4%
12,900
.
*150 r. 153
51%
1283/4
160
•
51%
*128%
130%
73%
127%
51
1283/4
160
'
72 y8
51
51%
2,000
127%'
210
733/8
74%
27,100
1263/4
1263/4
1263/4
126%
125%
125%
2,300
*60%
61%
*60%
61 &
*60%
61 n32
*60%
61 ia
18%
193/4
193/8
195/a
19%
197s
5,100
28%
1,400
'4,500
18%
19
27%
28
15%.
3
35%
*
35%
*134%
3
107
138
'.//
106
107
33%
*98%,
107
333/4
53
152
64
:
*102%
17%
667b Feb
*134%
4%'
*134%
45/s
45/s
33
c
49
—0
8
Baking—
preferred.™
—.—No
8
7ft cum preferred-.™General Cigar Inc
7%
preferred
No
Common
No
*107
32%
*107
16%
111
*107
33
32%
109
10
,323/4
2,700
109
*107
17%
17%
108
30
17%
16,500
200
97%
97
97%
-.400
33%
337s
6,000
32%
4%
333/a
55
43%
103
*98
107%
111
<33%
*53
4%
*150
30%
643%
*102%
99%
*98
33%
53%
*53
5374
*45/8
43/4
100
43%
1,000
1513/4
*150
1513/4
30
31%
65%
31
313/4
5,700
653/8
67
563%
4,500
103%
100
58 3/8
; 7,300
1103/8
*1027a
103%
57%
573%
110%
110%
25%
♦110
•YZ
1174
5
5%
26
26
257a
100
25%
25%
4,100
107a
..
11%
71,700
5%
5%
2,500
18
18
18
173/4
187a
2,200
49
49
x49 %
49%
1,400
16%
16%
16%
16%
16%
16%
167a
2,800
5 2 3/a
51
513/4
51%
52%
52
523/4
8,700
313/4
4,000
32
323/4
313/4
32 %
v'j X307a
*72
172
168
170
X169
169
79
*168%
*72
79
*72
79
60
60
593/4
59%
597a
60
60
257a
243/4
25%
25%
257a
1077a
*1063/4
1077a
*106 3/4
1077a
36 3/4
37%
36%
367a
347a
8%
8%
225 3/a
225%
225%
190
190
*185
X25%
22%
1,300
12,900
8-
226
*225
226 %
226
190
192
192
-
357a
7,300
87a
35%
8%
8%
iyyy
-
108
*106
367a'
8
190
8
210
253/4
5,000
226
No
Telephone
Apr
73/4
Jan
Nov
Dec
Dec
12% Jun
37
22
,139.
143
6%
22
24
Jun
48% Jun
,4
SI3/*
Jan
124
Apr
29% July
155
Dec
Y
140
62
125
Jan
74% Sep
22
May
130
3
Feb
40%
433/4 Ju?y
115
Sep
128
Mar
66
July
513/4
Jan
1307a
Oct
36%
Jan
5674
Nov
47a
Jan
187a
Apr
133/a July
233/4 Jun
6%
Jan
25
10
Jan
16
197a Sep
7
22% Jan
2
303/8 Mar
16
Sep
NOV
1253/4
613/4 Jun
110
140
134%
6
11
20
Jun
Mar
3
3% July
7
Dec
3% Aug
7
Mar
Jan
9% Mar 27
Dec
Nov
2% Feb
6
53
106% Feb
Feb
Dec
35
Aug 28
52% Aug 29
Mar
22%
40
150
134
Dec
7% July
Y 25%
22
Aug 20
19%
Jun
5
43/4 Jun
Jan
Nov
11%
25
1
43% Aug 23
Oct
93% July
161
4% Jan
Jun 22
32% Jun 26
172
May 31
49% Sep
7
4
543/4
Feb
2
106
Feb
17a Jan": 3'
11% Aug
Oct
General
Tire
&
1073/4
conv
Rubber
Nov
Glidaen
4% ft
7320
Mar 26
116% Jun
18
747a
253/a Mar 29
34% Jun
16
22%
Jan
27
Dec
27% Aug 21
19
Jan
31%
Dec
106% Apr 27
(B P)
2
33
19%
Feb"
26%
Dec
Jun 15
13% Mar 27
110
173/4 Jun
16
"7%
Jan
16%
Dec
90
Mar
9
100% Jun
13
69
Jan
9074
Dec
21
Jan
23
297a Sep
11%
Jan
227a
Dec
Sep
6
par
25% Jan
2
18% Jan
2~5~3/8
Dec
52 % Jan
4
45
52
Aug
1
.100
33,4 Jan
2
147% July 27
25% Feb
53
July
102
Apr
48
July
107% May
—<..No par
No par
36
♦34
35
293/4
3074
x30%
30%
*30%
31
*30%
31
193/4
193/4
'19% .19%
19%
19%
104 %
1
27
20
Sep
6
July 30
7
100% May
2
337s Sep
6
67
.
May 16
5
43/4 July
165% Jan
Jan
85%
7
478 May
175
Jan
Dec
7
67
Apr
23/4
12
313/4 Sep
Sep
105% Mar
"Feb
6
98
Y 54%
Jun
Jan
40
1047a
Nov
27
583/8 Sep
6
36 3%
Feb
51%
Dec
19
112% Mar
8
104%
Jan
1127a
Jun
12% Mar 26
25% Sep
5% Jan
2
123/b Aug
4% Jan
..No par
—
Jan
2
7
8%
Jan
27
1%
20
3%
Jan
26 % Sep
6
5
17% Oct
Jan
Jun
7
19% Jun
22
543/4 Jun 22
143/4 Jan
2
17% Mar
1
Aug 20
553/4 Jun
26
327a Aug
281
243/a
Jan
30
"Dec
1433/4
Feb
163
Nov
Preferred
No
par
———100
46
28% Jan
7161%
Green Bay & West RR—...—100
Green (H L) Co Inc..
1
Gulf Mobile & Ohio RR
/yo
pur
preferred—.———.Nopar
Oil
2
Mar 16
8
175
32%
Jan
42%
Dec
14%
Dec
17%
Nov
257a
May 25
19%
Jan
49%
Dec
Jan
20
72,
Jun
22
57
52%
Jan
25
637a Apr
24
43%
Jan
2
283/4 May 28
19%
Feb
12
108% Mar 13
1053/4
Dec
104% Jan
Dec
16
Feb
223/4
"
Aug
5% July
15% May
9% Feb
64
Greyhound Corp (The)
No par
4% ft preferred
.—..100
Grumman Aircraft Corp
—*
Guantanamo Sugar
—i'Y
8 ft preferred
—
-100
8 ft preferred ctfs
10Q
Gulf
*34
Dec
23
3,400
35%
35% May 22
111
Mar 12
14% Jan
54
*34%
110%
257a July
Nov
36% Jan
533/4
35%
Sep
Oct
193A
99
Steel
.—Wo par
Co—————10
Great Nor Iron Ore Prop—No par
Great Northern Ry 6% pfd—No par
Great Western Sugar—No par
65
*34':
Jan
Granite City
700
Y
Apr
14%
Grant (W T)
220
.
19%
4
3
5,000
7
7
25 % Sep
18 3/4 Jan
69%
.
273/8 Sep
22
24
par
10
Grand Union Co
243/4
;
Jn
1
192%
54 %
474
—-5
69
x533A
Nov
50
No
preferred
Motors
Granby Consol M S & P
23%
54 3/8
Dec
Nov
124
Apr
Jan
96
Graham-Paige
68%
54%
112
31%
Apr
21
26
(Theh
Gotham Hosiery
24%
54-%
.
3y4
...——No par
$5 preferred
68
54'
*67
14
197a
19
Goodyear Tire & Rubb
No par
$5 convertible preferred.—No par
22%
68 %
3
5% Feb
107
Goodall-Sanford Inc
68
227a
68%
134% Aug
3
5
tGoebel Brewing Co
...
Gold & Stock Telegraph Co
Goodrich Co
10
No par
preferred
Co
Feb
3% Jan
100
—No par
No par
preferred—
conv
24
123
274 July
'
:Y.6v
283/aJan
par
Co
Gimbel Brothers
$4.50
Mar
Apr
100
4 % ft
cum
pfd—
Gillette Safety Razor
$5
37
1%
20
Corp
4% ft preferred
223/4
22%
••..
700
52
17%
*49
*1063/4
•
"
27
*26
26%
25%
•«*»**
57%
58 3/8
110%
59%
—
iI3/4
66
"
7
134% Jan
.-10c
Gen Time Instrument Corp__No
11
.
Dec
2
10c
4
General
25%
79
16%
Feb
127
pqr
160
5%
*72
Feb
33/fl Jan
1
No
900
11%
32%
Dec
10 Vs
Jan
377a Jan
40
par
900
25%
170
58%
Mar 21
156% Jan
par
31%
5%
32%
Jan
183% July 30
267a Jun 15
27% Mar 20
Gen Precision Equip Corp—JVo par
General Printing Ink..
$4.50 series A preferred
,
114% Jan 22
Corp——..No par
—JVo par
/ $6 conv preferred series A .No par
General Mills (new)
.—No par
5% preferred..:
100
General Motors Corp
—10
$5 preferred
—.—-No par
Gen Outdoor Adv A——JVo par
33%
103/4
170
6
19
Foods
31%
24%
'
2
Gen Gas ft Electric A.
33%
253/a
16%
2
17% Jan 22
100
General Electric Co
General
31
.
-100
No par
—.
Jan
83A Jan
160% Jan
par
33%
12
51%
61
6
(8
1,000
7,500
103
18 %
23%
573/4 Sep
10% Sep
General
4,100
99%
*110
50
77b
Feb
18
26 :
297s
64%
177a
Jan
108% Jun
273/8
29 s/8
64 3/4
49
Oct
4%
13%
"
18
313/8
107
107
*70%
11%
"
62%
6
1043/4 Apr
Gen Realty ft Utilities
General Refractories..
293/4
31
26%
Dec
Apr 27
64% May 7
100
General Shoe Corp
1
Gen Steel Cast $6 preferred—No par
24%
*26
31
$4.50 preferred .
Gen Amer Transportation—
5,200
:
96
151
5%
10% Sep
2
26
'
5%
2
163/4 Jun
45/,
138
96
64
57%
16
7% Jan
22
Gen Railway Signal—No par
6 ft preferred _________________100
28%
30
112
Jun
12% Jan
1,700
35
355/0
138
99
150
103
56%
*110
Dec
18%
-_i
Gen Public Service
28%
30%
30%'.
18 %
Sep
2
2,300
98%
*523/4
4%
*150
32%
109
163%
*96
53
4%
Dec
15%
Jan
Y3%
283%
97
323/4
,
31%
•
29
97
107
*107
99
28%
167a
20% Apr 19
76
May 16
58
355/b
3%
267a
31%
17%
35%
./•'■■
*25%
33%
109
7 ;.-3%/
*3
26%
*30%
16%
■
25%
33%
313/4 * 32%
110%
26%
31%
108 3/4
15%
157a*109
25%
33%
110
27%
15%
26
31%
*107
27%
V
26%
*25%
107%
15
*109" thy;/
4%
26
25%
-
35%"'
43/8
265/s
243/4
3
*134%
4%
X26
•
111 ^
18% Jan 12
9
5% July
•
35%
138
43%
x27%
15%
*109
"
126
27%
15%
111
2%
■
27%
15%
*109
72%
127
6
50
General Bronze Corp
•v
17%
7
General Cable Corp
No par
Class A—-.™™----.—No par
317s
Jan
Jan
1,600
133
Jan
23
1,700
V
27a
12%
Investors...—
1
"
*148
153
51
1283/4
Amer
6
20
8
4,600
*31
47%
Gen
2% Jan
73/a Sep
183/4 Feb
163/4 Mar
$3 preferred
20
Gar Wood Industries Inc.——!
Gaylord Container Corp
5%% conv preferred
9% Feb 27
6
14% Apr
No par
llVa
132
4%
;
Co.
2
2
Jan
16'
(The)——Ao par
32%
313/4
162
45%
4%
Co
6% Jan
4% Jan
1
20
203/a
1325/8
*158
..No par
11
20%
313/a
;
2,700
8,500
103/a
184
cl A
31%
%
132%
132%
31%
162
20%
47%
45%
10%
31%
132
1073/8
•181%
107a
30
50
170
X57% x57%
10%
so
31
47%
"28%
•106
184
*181%
10%
■:
132
30%
10
10%
r;
•181%
20%
103%
30%
10%
*30-C
132
~
16%
107%
56%
*106
17%
(The)
Inc (Robert)
pref erred—...
Co
6%
67 ! v
9%
*58%
!
Gabriel Co
Galr
18%
18%
*66%
27%
X27
83/a
\ *66%
*18%
*
9%
»
July
67
Feb
553/4
May
Dec
24% July
1057a Dec
'
28%
5%
167
Jan
24
Mar 26
J%n 26
Sep
5.
44% July
4
226
Sep
192% Sep
123
30% Jun
26
23
82
14
49% Jan
6
33
■■
32%
Jan
189%
Dec
6% Aug
Dec
7
Mar 27
Apr
Apr
3%
5
Jan
190
7 143/a
7 58
Corp.—.——21
11
2
8% Sep
Jun
V
6% Jan
16% May
33
Jan
62%
Dec
57% Mar 16
42%
Sep
50%
Deo
39
27
H
104%
104
*107%
.
110
237a
22%
*153
.
,
'
-V
104
103 %
*107%
110
*107%
233/4
24
104
3578
35%
35%
10%
10 3/«
10
10 3/8
104
*104
247a
104%
35%
35%
10'/a
10%
104
104 %
>.
900
1974
104 %
•107%
24 »/8
1,600
•
140
108
1043/a
353/8
103/8
104
Hall
3,600
4ft
35%
107a
1,600
1,100
.
;
60
.25
10
Co.
Co
No
(M A) Co $4.25 pia..Wo
Refrac
No
Jan
2
20% Jan
2
15% Jan
2
103% Aug
2
7
par
par
conv.
preferred
100
Harbison-Walk
Y6ft
104%:
Water.
Printing
Hamilton Watch
Hanna
24 5/8
*153
*153
♦153
35%
104
24%
110
19%
Hackensack
preferred
.J
Hart, Schaffner & Marx„
Hat Corp of Amer class A_—
6%ft preferred (modified).
par
106% Apr
13
185/a Jan *' 2
:
Feb
17
x30 7 Apr
100
; 9
154
10
•
73/4 Jan
1
104
100
4
Aug 31
Jun 22
303/4 Sep
22
Mar
247a Sep
155
Apr
6
Dec
16% July
102
15%
-
138
2
373/4 May 28
103/4 Feb 16
112
Dec
22%
11%
104% July 27
110% Jan 12
33%
15% Mar *
4
19
"57a
Apr
Apr
109
Dec
Apr
21
July
Jan
152
Deo
Jun
Jan
104%
May 16
Jan
6%
Apr
;
1b 7a; jun
110
.July.
•
-
123/4
For footnotes
see
page
1187.
127a
123/8
13%
13%
135/a
13%
135/a
14,900
Hayes Industries Inc—
..1
93/8 Jan
4
14% Jun
28
9%
Dec'
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, September 10,
•
NEW YORK STOCK RECORD
LOW AND HIGH BALE PRICES
Range for Previous
STOCKS
„
Monday
Sep. 3
Tuesday
S per share
Wednesday
Sep. 4
:-
f per share
per share
y
10%
11%
10%
*25
25%
*78
81
117%
25%
81
.10%
116%
25%
*78
*
*182%
$ per share
25 Va
*182 V2
—
—
15,000
117 Va
490
Hazel-Atlas
*25
25%
200
Hecht
100
79 Va
79 Va
28
28
28
28
28
28
96 '/a
97
95%
95%
953/4
97
97%
98
*134%
136
*134%
Helme
136
136
*134%
*76%
78%
*130
*76%
133
24%
77 V8
*130
23%
*31
24%
*76%
133
23%
32%
*30%
77%
*130
23%
23%
136
*134%
33
32%
32%
*32
Motors
S4
No par
1,600
100
34
Rubber
Feb 15
Feb 15
123
Feb
25
25
*53
55
*53
55
*53
55
*53
56
*19%
20
*18%
19%
xl9%
20
*19%
20%
200
Hollander & Sons
27%
3,800
293/4
51 Va
523/4
46%
46%
32%
22%
27
51%
51
51%
51
51 Va
46%
46%
*46
45%
22%
23
27
263/4
106%
82
16
53/4
52%
46%
263/4
40
40
26%
*106
107%
*80
15%
40
22%
26%
*106
82
15
/.
6
*16
27
23
106%
82
15%
40
27%
45%
27%
*80
27%
82
15%
.
15%
;-/./ 39
2,100
400
5%
1>000
Oil
Houston
Howe
Hudson
53/4
16
16%
,16
16
27%;
28%
28%
29%
29%
293/4
*5%
400
of
&
30%
303/s
30%
303/B
30%
7,700
6%
6%
6%
6%
6%
6%
6%
'.6%
14,000
36%
363/4
33%
61
36%
33%
61
*81%
36 J/4
363/4
32 V4
•
37 J/4
371/2
Manhattan
351/4
11,500
61%
62'/a
.500
6%
84
*81 J/a
84
31
31
*30%
31%
; 31%
31%
*301/2
26%
27%
27%
2734
27%
27%
27%
57%
57%
57%
57 »/a
56
57 J/a
*55
553/4
400
*103%
104%
*10334
104'/a
104 '/a
104 J/8
*104
104'/a
.100
118
118
119
171
*171
*81 J/a
84
v
83
83
*
,
Leased
10
lines
"
31 J/a
100
28
RR See
'2,300
118
118
118
118 V»
118
171
171
*171
175
171
'175
95
*93
95
*93
95%
93%
95
13%
133/a
133/a
Xl3'/a
13%
13 J/a
131/4
*9
13
9 J/4
*9
49
49J/4
106 >/a
*106
7
7%
11%
193
89%
184
5%
:
89
90
5 Va,
22%
993/4
17%
22 J/4
/ 22 %
221/4
231/a
89 J/a
*88 J/4
89%
89 J/a
89%;
6 J/a
"63/8
6%
61/2
2,800
34%
34%
34%
10,700
34J/b
*136
34
/
*136
138
138
*136
43
■'
Preferred "
—
29J/4
30%
983/4
99
2,800
International Paper Co^
5% conv preferred—;
18 J/a
*17 J/a
18
17%
177/a
4,600
Inter Rys of Cent Am
102 J/a
102 J/a
103
102 J/a
IO31/2
44
*431/2
423/4
41
43
423/4
41
41
40%
411/2
123
*119
123
*119
144
*125 J/a
41 %
40%
1211/4
*125%
144
117%
,
5%
550
"400
46
2,200
1171/2
100
preferred
International
3
2634
25 J/a
J/4
*24%
25 Vz
*38
39 J/a
155
'
25%
25 Va
26
25%
25%
25%
253/4
26%
27
•26 J/a
24%
231/a
25%
261/2
*233/4
24%
39 J/4
*38
155
*151
155
1,100
26%
24
*38
21,200
1,300
25
400
*151
25
34
July
1%
28
Jan
2%
Jun
6
23% Jun. 26
32% Feb
37%
Jan
11%
Dec
22% Mar
28% July
16 % Aug
May 19
8%
Feb
67/a July 31
1%
Jan
6
Aug
32%
Nov
37% May
24
Feb
26
10%
Jan
23%
Dec
25%
Jan
56
Dec
72% Jan 24
91
Jun
25
46
Jan
77%
Dec
18% Jan
22
38
Jun
26
8
Jan
22
Dec
Jan
2
Jan
2
Aug
1
Jan
2
Feb 26
28
Sep
7
20%
Oct
19'A
39%
104
104%
166
par
82
Jan
2
11% Mar 26
par
8% Jan
6%
8%
173%
74%
178%
2%
17
75%
Jan
19
Mar 21
Jan
4
Jan 23.
:Jan
2
Jan
2
5% Jan
2
24
129 ; Feb 23
19% Jan 26"
-
84% Jan
26
9% Mar 26
.100
79
par
41% July
39
Feb
No par
50
—
Mar 28
Mar 26
28% Jan
»
^
100
No
6
37% Jan 25
104'A Jan
3
-No par
.
Silver—in
92
Mar 27
3'
2
58
109%
122
174
1
15%
29%
8%
Jan
Jan
154%
Oct
40% July
105%
Feb
Dec
8% July
10% July
188
Nov
67%
Apr
82%
Dec
165%
Jan
180%
Dec
1%
Jan
Jan
Jan
15 Va
65
3% Aug
18% Jun
80
4%
Jan
25%
Apr
130
Dec
6%
Jun
32% July
Jan
136
Oct
13%
Feb
21%
Dec
66
Feb
94
Dec
Feb
12%
7
68%
Jan
92
J-pn
47% May 5
42% May 31
39%
7%
Jan
47
Aug
19% Jun 21
103 % Sep
18% ,Jan
187/a Jan
2
12
12% July
Nov
6%
35%
1
Jan
Aug
6%
5
145
Sep
x87
Apr
104
140% May 22
30% Sep
7
99% July 16
139% Jun
Aug 31
Nov
165
Feb
9% May
7% Jan
8
134% Jun
17% Jan
2
19Vz Jan 24
111%
Mar
71%
9% May 25
50% Apr 27
Apr 11
8 % Feb
6
11"% Jun 21
195 Va May 19
91% Sep
7
187
Apr 27
6Va July 31
24% May 7
89% Aug 28
>7% Feb
1
2
36
42% July
106% Dec
Jan
88%
158
109
19
2
Jun
100
95% Aug 31
14% Mar 6
36V8 May
Apr
35 % July
Aug 29
Mar 16
Jun 15
Jun
9
Jan
1
•
42% Jun
137% Ap.
1
$6 preferred-
Feb
7% Jun
70% July
13% July
Feb
30%
Apr 28
preferred———100
Intern'1 Telep & Teleg
No par
Foreign share ctfs
—No par
Interstate Dept Stores-.
—No par
Intertype Corp
No par
;
7%
21
76
10Q
s—15
.
,
.
International Shoe
155
Feb
20
3
-No par
Island Creek Coal
39J/4
63
6
Aug
24
7%
_
26
26J/4
241/a
*151
25%
*25%
39%
*38
,
85
18% Aug
9
18% Apr
43% Feb
2
"
144
*1251/2
Apr
47% July
Jun
45
Jan
19% Jan
.1.
——^
Salt
International
28
109% July
13%
29 Va Jan
.100
—
29%
102
2
48
47% Jan 30
par
—
.
Dec
Aug
3% Jan'
par
4% preferred
•
International Mining Corp
Int Nickel.of Canada—
—
19%
Jan
,
,
99 J/4
24,200
Jan
May
Jan 19
26% Aug 21
14% Jan
6
Preferred
100
Int Hydro-Elec Sys class A———25
International Min & Chem
5
98 J/4
144
*151
/'
13%
39
2
Machines—,—-No par
International Harvester
—No par
28 J/4
*118
26
138
,200
Aug 27
30
16
No
99 J/a
*125%
26 Va
4,800
<
Nov
42
Jan
-No
28%
173/a
102
*25%
3.000
21%
7
10
Business
99
18 J/a
*41
253/4
51/2.
Int
28J/4
993/4
102
40%
340
51/4
33%
-29
3,200
/
185
22%
6
138
28%
184
53/a
♦88 »/a
6 J/4
*135
91%
91%
184
1,400
:
Sep
Jan
23
20
No par
100
Interlake Iron
14,400
l
Dec
47 %
13%
26
1
Inc
Corp
preferred
Intercont'l Rubber
900
11%
193
53/a
223/g
89J/a
6Va
34J/a
7
4% %
23%
36% Mar
Jun
22
20
*
91
♦183
5 J/4
7
Hi/4
192%
V 6'/a
22%
*88 %
34 Va
7 J/4
11%
Interchemlcal
110
•20Jan
•
60% Jun
12% Jan
100
i
Wo
Co
Insuransharfs Ctfs
1,100
106 J/a
No
preferred
Steel
25% Aug
19
20'A Feb
23% May
34% Jan
Wo par
Inspiration Cons Copper
400
50
106
194
90 3/s
;
183 '
183
53/a
7
192%
3,100
9'/a
493/4
106 J/a
11
11 J/a
194
91/a
50
106'/a
7%
10%
*190
:
90
181%
*49
4934
107
*7
11 J/4
193%
9 Va
91/a
9 J/a
49
106
6%
28
Aug 31
Feb
2
25
——No par
No pa*
Ingersoll-Rand
Inland
29% Feb
19%
2
2
103% May 21
66% Jan
2
3000
series A—
Rayon_.
$4.50 preferred A
1,000
6
100
.
Indianapolis .Power & Lt
700
v
32% Sep
^
100
,
-Industrial
40
95
Feb
100
Co
4%
ctfs
Mar
Jan
Aug
16% Jan
42
44
20
RR
Central
134
'"
■
preferred series A
'
7
17% Jan 15
1
Idaho Power Co
Illinois
Jan
52
Aug
17
100
Hupp Motor Car Corp
2,100
34 J/4
"61 Va
33
61'/a
371/2
343/4
333/a
61
*60
Jun
128
41% Jan 23
25
t c
non-cum
I
138
Dec
Wo par
29%
89
July
Hudson Motor Car
31%
Apr
73
5,700
30%
Nov
27%
75
Sep
125
—100
Wo par
.28%
170
Apr
7
July 20
98
Apr
preferred
Hud Bay Min & Sm Ltd
28 Va
Mar
20%
Jan
Co—No par
v
Sound Co
5%
Dec
22% July
75% Feb
Jan
160
24
Sep
112
63
3
Texas
63%
9
Aug
31% Apr
Sep
114
100
Houston Light & Power
1,800
189
8%
Mar
80% July 16
No par
Finance
preferred
5,900
16%
5%
3%%
.15%
53/4
5%
'
40%
40%
16%
16%
Household
50
25
99
20%
23% Aug 31
——No par
.
8
25
80 % Jun
Highest
I per share
Jan
133 % Aug 20
5
(A)
Class B—,
2,600
26%
81
81
15%
40
1,000
107 Va
(Del)
Furnace
Feb
26% Jun
2%
15
Wo par
Homestake Mining
12.50
Houdaille-Hershey cl A—-...No par
3,600
,.*■
22%
The
(C E)
Hires Co
1,400
Holland
22%
:
108
*106%
29
273/4
26%
26%
25%
11% Aug 31
118
1944
I per share
21% Aug 20
25
Jan 25
23% Jan
2
pa*
Holly Sugar Corp
29%
25%
t per share
10
Corp
& Duuch Paper Co
made
Year
Lowest
:
5
—10
1
preferred
conv
Hewitt
130
72
Wo
pfd-5% after
Hershey Chocolate
100
^Iar ^
20% Jan 10
100
Nov 15
6c/o
,
22 A Jan 22
82
Jan
8
preferred
Hercules Powder
24
233%
71% Apr 2
170
Jan 10
Wo par
Wo par
W)
Hercules
3,300
133
*130
24
(G
non-cum
1,100
76%
76%
133
23%
25
15
25
100
Co
Glass
Co.
7%
28 3/s
Mar 26
6
Mfg Corp
Hayes
*182%
—
28%
I per share
Par
Shares
*117
.
79 Va
*77%
CO
EXCHANGE
10%
10%
Range Since January 1
Highest
Lowest
STOCK
YORK
NEW
the Week
Sep. 7
10 3/4
116
*25
Sales for
Friday
$ per share
?
10%
116
116
115%
Thursday
Sep. 6
Sep. 5
.31% May
31% May
,26% Sep
43
Sep
Jan
93
Dec
Feb
135
Oct
Dec
Jan
56%
117
7
11%
Jan
20
7
11%
Jan
20% Aug
15
Apr
20% July
7
26% Apr 24
41% Jan
9
151
Jun
15
Jan
29
Jan
20 Va
45'
Dec
July
Aug 27
138%
107%
Jan
112 Va
Nov
84%
Feb
105
Dec
30
Nov
144
Jan
Dec
J
42
*
108
42
Vz
*41
41%
411/4
*108 J/a
111%
*108%
111%
128%
129
*128
129
129
129
38%
113
*120
38%
96
116 V8
26
39
113
__
39
96
116%
26
*128%
129
130%
39
111%
*108 '/a
112
37%.
38%
*94%
129 %
130
1301/2
1,100
*383/4
39 J/a
1,400
♦111%
112 J/a
39%
112
—
25%
—
*120
—
38%
25%
•
120
•
_
38%
96
115%
25%
—
900
96
115%
111%
1301/2
38J/4
96
114
400
130
*120
v
42
129%
39J/4
113
*120
*41'/a
129
39
*112
41%
39%
96
15,400
■96
116 i/a
116%
253/4
25%
26
29
400
29
116%
600
,
1,300
Jewel Tea Co Inc
No par
34% Jan 22
4%% preferred—,
—100
Johns Manville Corp—-—No par
109% Aug 22
42% Aug 31
114% May 31
101
2
130 % Sep
7
3%%' preferred
100
Johnson & Johnson--,
-12%
4% 2nd preferred ser A
100
Joliet & Chicago RR stamped—100
Jones & Laqghlin Steel—No par
5% pref series A
—100
5% pref series B conv
:—J.00
Joy Mfg Co
1
118% Aug 22
31
Jan 25
130% Sep
7
Jun
18
;
—
Jan
109% May 31
40
113
Sep
4
102
Apr
25
27% Jan 24
39% Sep
7
79
98
90
—
•
27
Jan
10
Mar„.27
91% Jan
2
19% Jan
9
107%
30% May
38% Aug
34%
Sep
Sep
111
Dec
May
90
95
May
20%
Jan
28
Dec
53
July 16
116% Sep
Apr
Jan
80
Dec
-
7
66 %
Jan
93
Dec
9
10%
Jan
20%
Dec
K
28 J/a
122
28%
122
23
23%
52
521/4
*22 J/a
233/4
28%
29%
*29
*119% 122
21%
22%
52
*1191/2
24
24%
25
36
36 J/a
37
1,000
28%
29
29%
1,200
28% •28%
25%
25%
50
123/4
*82.
30
'107 J/a
29
*10 J/a
13
,84
30%
36
36
233/4
37%
.
26'
26J/4
26J/4
39
1,400
38 J/a
39'/4
19,600
*291/2
.30
12% > 123/4
123/4
13
50
85
*83
30%
10%
40%
403/4
40
41%
42
1073/4
29%
.
291/4
10%
41%
$
•
85
30 J/4
107%
29%
IO1/4
30J/a
108.
291/2
41
"40%
42
„
...
29'/a
,100
50'/a
*
51'/a
1,500
*121/8
13
*83
30%
500
30%
*107%
10,J/4
"'*41
41
41%
29
*10%
2,100
10%
,200
42%
.42%
1,000
41
.41%
3,800
5%
51/2
5%
34%
34%
34J/4
Jio
'10 »/4
56
56
561/2
57
57
131/4
13%
13 »/4
13%
13%
*55%
6
5%
34%
34%
27,800
10 J/4
*10%
35%
2,500
10%
13J/4
13 Va
383/4
38'/a
.391/4
373/4
38
12%
38%
11 %
;1*>%
lli/a
12%
12
2%
12%
2%
200
,500
39
2%
2%
29% Jun
18
6'%
Jan
14%
34
Jan
22
59% Jun
18
-193/4
Jan
393/8 Mar
vi4 %
2%
2%
10,100
2;500
5,600
2%
2,500
45%
453/4
443/4
443/4
4tV2
40
43
433/a
44 %
45
433/a
431/4
44
44%
443/4
2,700
*225/8
23
23%
23%
300
211/4
21%
21%
3,300
64
63%
64%
3,800
•231/a
*22 3/8
24%
21V4
21%
20%
21
633/4
64
63%
93/a
9 »/4
93/a
56J/4
56J/4
55%
*95
i 20%
63%
9 J/a
551/a
*95
96
96 3/8
963/4
*95%
,
63%
93/8
*55
93/4
10
95%
-
55%
95%
96
963/a
96%
38,100
96
96%
961/a
97
9%
56
96%
55%
1881/4
188 J/4
*381/2
39%
*38%
391/2
39%
56J/4
56%
39%
551/2
56
55%
56
49%
553%
49%
50
50J/4
2IV4
21 'A
50%
50%
21
21%
33J/4
21%
33J/4
21 %
21%
34
33
33
33%
33 %
200
50%
203/4
400
1,900
56%.
491/4
'188
*33
189 J/a
;
188
preferred——100
1
Kayser
(Julips) & Co
Kelsey Hayes Wh'l conv
; Class B
Co
Inc
'
preferred.:
Sep
7
131/4
17
Jan
7
20
Jan
2
24
par
22% Mar 10
par
38% Jan
8
i
8% Jan
15
72 J/a
par
10
28
100
107
10
-
Kresge (S S) Co
Kresge Dept Stores
;
Kress (S H) & Co
Kroger Grocery & Bak—
26
1
May 14
Aug
r
Aug 9
Mar 26
26V4 Sep
188
"188
*39
Feb
124
Feb
28
18 J/4 Jan
No
21% Aug
Apr
Dec
29i/2 Sep
.351/4 Jan
No
25
16%
117
3 8'/a Jun
23
1
prior preferred
4%%
26
5
Mar 26
23% Jan 22
1
No par
Kimberly-Clark Corp
No
Kinney (G R) -Co—————.i
Koppers
18 3/4 Jan
291/a Sep
124
223/8 Jan
.5
cl A~
Kennecott Copper..
!
Keystone Steel & Wire Co
Laclede Gas Lt Co—
Lambert. Co (The)
Lane Bryant
20 J/4
X26
Dec
Dec
Aug
243/4
Jun
7
131/B
Jan
195/8
Jun
24
293/4
Jun
37%
Dec
32% Aug 17
51 J/a Sep
7
19J/4
Jan
24'
40
Apr
15'A Jun
90
Jun
28
34 J/4 Jan
3
112
Mar
.29Va Sep
3
54J/a
32
108 5/a
5
22
6
No par
83,4 Apr
7
3534 July 27
42% Jun
4
37
44% May
7
71/4 Feb
Dec
Oct
42
3li/a Mar
28
Ho par
Feb
9ya
78%
Jan
Dec
Dec
Dec
Dec
34%
Dec
108%
Dec
Feb
27'/2
Nov
2
Jan
24
4%, Apr
Lee
189 %
30
40
300
...
5
3
31% Jan
—
11
Feb
-63/4
Oct
10 V4
Jan
273/4
13
Jan
39
-
37%
-31% Jan
Dec
NOT;
6%
conv
Lehman
-
26
;35% Jan 19
:26
Aug 23
57
7
Sep
Apr
X31V2
49 V*
'
Dec
26
Ayg 23
Jan
38
Apr
12
Jan
4
16% Jun
26
8
Jan
12%
oct;
,29% Jan
24
39% Sep
5
21
Apr
31%>
Dec
6% Jan
30
17% Jun
18
8%
Dec
22
'
Dec
•
2% Mar 26
4%
Jan
1
2%
Dec
3% Jun
8
1%
Jan
35% Jan
preferred
Corp
-
47
Rubber & Tire
Lehigh Coal & Navigation
Lehigh Portland Cement—
Lehigh Valley RR
Lehigh Valley Coal
1,100
433/4
23'/a
non-cum
Kaufmann Dept Stores
3
•
6
'
131/a
2%
22
•—
5%
373/4
l?l/4
3
Jan
110
29%
343/4
56
Jan
$5
3,000
108
51/2
*551/2
Jan
13
85.-.
34%
>
20
117
Kansas City Southern—No pat
'
29 J/a
'
*.
400
373/4
50 J/a
107%
-
25%
50J/4
,29%
%
Kalamazoo Stove & Furn
10
Kan City P St L of ser B—No
par
800
,
38
1
.
30
.
•
*29% "30
*83
541/a
25%
.
50
*531/2
-
.36
1073/4
10%
6,900
531/2
36
493/4
30
23%
24
283/4
30
121 J/a
223/4
53
28 J/a
38%
,600
*1191/2
233/a
24
*22%
25%
37 J/4
122
21%
52 %
36
*29'/a
295/a
22
50 % Jun
8
153/s
Feb
39%
Dec
36% Jan
22
47
Jun
16
29%
Jan
38%
Dec
24
jun
26
■18%
Jan
•
(The)
Lehn & Fink Prod Corp
Lerner Stores Corp (new)_
Libbey Owens Ford Glass—
Libby McNeill & Libby
Life Savers Corp
Liggett & Myers Tobacco
Series B
20% Jan
3
21%
Jun
17% Jan
22
21% Aug 31
17%
Dec
193/4
Dec
51% Jan
24
65
May
5
42
Jan
53% Aug
10
Sep
7
Apr
8% July
73/4 Jan
2
47% Mar 28
/Preferred
78
Jan
2
78
Jan
3
181
.
Jan
5
57% Aug 27
96 % Aug 27
97% Aug 28
195% Apr 25
6%
49 %
Dec
39
Jan
68%
Jan
83%
Jun
67%
Jan
86 %
Jun
-
174%
Jan
182
Nov
Lily Tulip Cup Corp—
32
263/a
Feb
32%
473/4 Jan
25
59% Mar
36
Apr
52
Dec
2,400
Lima Locomotive Wks
LinK Belt Co
J
22
51'
Mar
"87
Jan
44
1,000
41% Jan
Dec;
Lion Oil
19% Jan
22
24% Feb
NOV
22% May
1,400
■
300
30%
31%
29%
30%
27 J/4
28%
305/b
29
27%'
29%
27%
23,800
273/4
27%
27%
273/a
27%
7,800
Refining Co
Liquid Carbonic Corp
Lockheed Aircraft Corp
Loews
Inc
—
•
Mar 28
29% Jan
2
19% Jan
31
25 Va Aug
10
39% Sep
6
173/4
Dec
34% Feb
193/4
Jan
30%
Dec
31% Sep
14%
Jun
23%
NOV
283/4 May 17
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
•Monday
Saturday
Sep. 1
$ per
•
snare
_
Tuesday
Sep. 4
+
Sep. 3 1
$ pur
V
share
Wednesday
STOCKS
Thursday
Sep. 5
$ per sharo
»
Friday
;
Sep. 6
f per share
Sales for
Sep. 7
t per share
i
NEW
the Week
t per share
Sharet
YORK
'
Range for Preview
STOCK
Range Sljrfyl tanuary 1
EXCHANGE
•.«/■■
Lowest
FOr
■.
62j/4
62'/a
61%
20%
20%
20
20%
20%
20%
20%
49%
20%
50
49%
3,900
51
Long Bell Lumber A
51%
511/a
2,600
Loose-Wiles
26%
26%
1,900
10
Lorlllard
Louisville Gas & El A
48%
49 %
27Va
,27 %
n73%
27
.
177
61%
*61
27%
*173 %
62
X26%
177
61
26 %
*171%
176
61%
172% .172%
700
•
25%
25%
25%
25%
25%
56
25%
56'/4
25%
55%
25%
55%
55%
1,400
16%
17%
56%
56'A
57
16%
16%
16%
16%
7%
3,500
16%
16%
<
5,100
8tar Cement Corp_
Lane
,33%
58%
(
.
*151
58%
38%
-107
38
108
21%
58%'
>V/*
Co
19
19%
19%
19%
;
*440
•
9
460
8%
16%
*15%
29%
30%
4%
4%
<, 30
*4%
8%
8 %
8%
*16
16%
27%
100
460
'9%
*15%
16%
30%
30
1,500
1,700
16%
'.
100
30 t
>
Macy (It H)
.
!
Copper
1,500
Manati
Sugar
Co
—No
'••; 4%
4%
4%
1,700
8%
8%
8,900
Marine
Midland
Market
St
16%
29
";
*16
.
A
16%
-
29
*15%
110'/a
16%
50
29%
6,500
1091/e
100
4%%
27%
29%
*108
28%
11,100
Martin
29
'
109%'
'
28%
27%'
28 %
Corp
prior'pfd
Ry 6%
20%
20%
20%
19%
20
45
44%
1,600
44%
45'A
46
34
45%
34
45%
34%
2,000
Masonite
34%
35
35 ^
35
35%
Master
24%
1,000
24
25
25%
6,900
Mathieson
1,900
May Department Stores
$3.75 preferred
*188
/
39%
105%
12%
49
*113
24
193%
*188
40
105%
12%
115
24%
25
43%
*
113 ?
44
V4 ,44%
44
30
Maytag Co—;
——;
$3 preferred
Ar-,
$6 1st cum preferred—
24%
1,100
24 %
112 >A
*111
II21/4
39%
*39
39%
700
25%
1,000
24%
25%
25
57%
57
57
32%
32%
104
18%
104
18%
116
114
25%
25%
17%
,
33
17%
108
32%
18 %
17%
*105
106
18%
114 *
25%
33
*104%
104%
17%
2,100
?
v
' 28 A
17%
3,700
18%
*105
4,300
41%
42%
43%
43%
800
23%
•
23%
23%
24'A
24
24%
6,700
69'A
69%
71
44%
43
43%
71%
39
*38
38%
45%
*36%
108
72%
39
103
v
72%
"
39
46%
46%
47
x263A Aug
Jun
Jan
19
14%
Jun
Jan
315
6
13
6%
109
10 Va
Dec
10%
Feb
16
Deo
Feb
243/4
Apr
4
Aug
Jan
8V4
Jun
183/4 Jan
6
12%
Jan
21
May
29% Aug 28
13%
Apr
20
Dec
16%
Jan
llOVa Jun
5
30% Jun
28
243A Jun
4%
Jan
5
37%
Apr
7
25 %
May
273/8 Feb
4
20
47% May
35% Sep
Mar 26
16
19 %
May
195
170
May 17-
Mar
6
106 Va Mar
45
Sep
,4
193/4 Jan
13'A May 29
51
4% Mar
32% Mar
Aug 27.
Melville
Shoe
Mengel
5%
28
43%
2,200
conv
& Min
Mesta
Machine
Mid-Continent
44 %
159 '
44%
45%
1,200
159/
1591/4
44;
65
65
15%
14%
15%
-15%
16
15%
16
:
*3%
3%
3%
3%
48%
48%
,48%
48%
;
31/4
'
700
■
■
49%
2,600
3'A
;
110
200
49%
*110
112%
*110
112%
*110
112%
112%
108%
*111
112%
*111
112%
112%
*110
*111
*111
^112%
*107%
108%
*107%
108%
*107%
1,200
Minn
St
Class
'mi
4%
,'10%
9%
10%
9%
10 %
113%
*112%
114%
*112%
114%
*112%
114%
200
pfd series B
preferred series C
$6.50
26%
26 %
26%
26%
26%
26%
1,900
Mission
10
10%
3,200
13%
14
13%
13%
13%
14
14
14%
34%
10,400
35%
33%
35
34%
36%
35%
36%
15,600
48%
48%
48
49%
50
50%
50%
51
28%
97%
28%
97%
28%
116
116
116
*115
29
114
114
114
*113
107%
108
*107%
Monsanto
$4.50
114
30
Preferred series
108
*107%
108
30
68 %
68%
68
68%
x68
68%
68
68%
9,400
43%
43%
43%
*42
43%
43%
43%
200
*37%
38%
*37%
37%
*37%
38 %
140
38
38
*37%
38
*38
38%
37%
37%
220
31
31
38
No par
Tool
Monarch
20
29%
*43%
38
Mach
1,300
2,100
116
10
Chemical Co
No par
preferred ser A
B
30%
31%
*31%
31%
31%
31%
900
Motor Products Corp
27%
27%
27%
27%
27%
27%
27%
700
Motor
39%
39%
39
41
41
41
1,100
Mueller
15%
15%
15%
15%
15%
15%
15%
15%
1,600
Mullins Mfg Co
*101%
104
32%
98
96%
112%
112%
17%
17%
*102%
32%
96%
*110
32%
95
102%
32%
112%
17%
17%
300
(G C)
preferred
Murray Corp of America
Myers (F E) & Bro
95
95
113
-
•
30
17%
18
7,600
61
100
21
21%
21
21%
40
40%
41
42
42
-
80
29
28%
29
29%
29%
5,600
23%
24
24
24%
24%
700
16
16%
19%
21%
20%
21%
40
40
40
26%
27
26%
24
24
23%
15%
16
15% .'16%
*58
61
1
class B—
Munslngwear Inc
61
X21 %
*59
1
30
17%
63
No par
5
Co
Brass
700
61
*59
;
Corp
33
113
112%
Wheel
103
33
95
112%
17%
104
No par
Certificates of deposit
39%
33%
par
Montgomery Ward & Co
No par
Morrell (John) & Co
—-No par *
Morris & Essex
50
39%
104
No
.
series C
$4 preferred
$7
Jan
Jan
Jan
12
3
3
No par
No par
No par
100
10
preferred
Murphy Co
4%%
27
6
Apr
21% May
97
Apr
18
10
Feb
Aug 29
103
Mar
9
'
19'A Jun
28
Sep
Sep
16% Aug
-6
;
8
Jan
82
Jan
70
Jan
31%
Apr
8%
18% Sep
7
105% Aug
3
103% July 2743% Sep -7
Jan
24% Sep
73% Sep
7
37
Jan
45 % May
9
25
Mar
3
47
Sep
7
27
Jan
111
Mar 10
3
Jan
Jan
24
Jan
3
.
'
'
No par
,
111% Jan
5
113
July 26
106% July 26
47% Jan 12
41
Mar 26
32% Jan 23
34 % Aug 21
21% Jan 20
23% Mar 27
31% Jan
6
9V2 Jan
6
97'A Mar 27
22
Jan
8
x82% Feb 15
109% Jun 21
13
Jan
5
53
Jan
5
7-
Jun
29
107
Dec
9% Mar
1
,6
Apr
31 Va Apr
24
23 Va
Sep
27%
Jan
453A May 17
160
Mar
6
116% Jan
74% July 11
46
Apr
22% Jun
12%
Oct
13/4
Oct
36%
Apr
5
18
July '2
.
{
16% Jan 22
36
Jan
3
25'A Jan
2
79% Jan
2
100
20
preferred series A
Carpet Mills
7%
Mohawk
114
114%
108
Mo-Kan-Texas RR
1,600
100
98%
116
114
Corp
*115
99
*115
1
preferred
Mar 27
3
42'A Mar 26
100
109
May 4
100 i
109% May 21
—100
108% Aug 7
.<.1
7 % Mar 26
No par" ~109%Jan
4
10
22% Jan
2
No par
5% Jan 22
series D
Minn Moline Power Impl
9%
26
114
4■
preferred
26%
33% Jun
108
53
Mar 24
13
Aug 20
1% Mar 27
;
conv
4%
Mar
35
No par
—
-V -V
•'•>/
Minn-Honeywell Regulator
112%
26
vtc
B
/
Feb
47
137
.
SS M A vtc—No pan
P &
14
6
25% Aug 21
8% cum 1st preferred
s—100
Minneapolis & St Louis Ry—No par
4%%
108%
No par
.5.
106% May 16
7% Jan 23
*—10
Steel Products.
Midland
39% Sep
61% Mar
33 % Mar 10
2,600
Petroleum
Feb
37
27%
210
•
Jan
109 3/a
.25% Sep
6
54% Jan
No par
5
Co_
Co_:
27%
65
'
1
50
27%
*64
97
Trans
.,
Metropolitan Edison 3.90% pfd—100
Miami
Copper———
—-5'
159
28%
(The).
1st preferred
Co
Merch
■■
1
4,300
63
97%
Corp
16
27
2
Apr
>12%
98%
94
35
14%
No par
Jun
2
Jan
169% Jan 24
17 % Jan
3
$5.50 pfd ser B w w___—No par
8%
159
28%
—
preferred series A_
24% May 18
115
25
>T9%. Jam
24
8%
63
3%
Mead Corp
Oct
\2%
.6%
Jan
20
Sep
.—10
No par-
Jun
53/a July 13
104
Sep
5
13% Jan 25
*107%
159
49
Mfg. Co
L
391.
183/4
114
100=
McQuay-Norris
1,040
5
preferred
Dec
_4.
Aug 14
1
Oct
..
.3
July
23
18
Dec
22%
1073/4 Jun
104%
8%
-40%
110
38% May
108 %
14;
8% Feb
16
30'A Jan
8%
64
*96
Dec
9
52
108%
159
32%
Dec
Nov
48.
27% Jan 29
t 19% Jan 25
110
Aug 13
8%
159
*102
30
148.
July 24
Jan
4
Jan 15
-
No par
Co_—
Oct
Apr
6
5
Inc
Robblns
Deo
24 Va
Jan
40% Sep
_1
Stores
165
Dec
Feb
104
Aug
16 3A
34% July 17
No par s»>
preferred
5%
160
73%
*35%
46
*60
*27
253A
34%
.7
30 % Sep
'
27%
8%
%
103
108
45%
$4
$6
42%
103
McKesson &
McLellan
Dec
*
2
22 % Aug 21
176% Jan 12
par
Mclntyre Porcupine Mines
106 ;
*102%
27%
*107%
Jan
135
7
10% Jun
20
27% Jan
—1
100
McGraw-Hill Pub Co—
40
102%
8%
97
Jan
18% Jan 22
40
par
1
i——•
—_—
McGrata Elec Co
200.
114
27%
106
2,800
18%
*112
28
400
42%
42%
23%
32%
18%
114
25%
17%
...
104%
18%
114
8%
*28%
Jan
20%
Mar
459
7
9% Mar 26
par
No par.
No par
No par
McOrory Stores Corp
5% conv preferred w w
24
*111
57%
28 %
*107%
No
Jun
109% Jun. 18
...21% Jan 22
~1——100
1
5;
No par
McCall Corp
25%
108%
48%
Wks
Alkali
preferred——.
1,100
39
8%
*3%
1%
44%
57%
27%
15%
340
113 «
25%
107%
*42%
114
38
102
108%
500
23%
*105
69%
3,400
49%
57
108
45%
105%
.12*/*
25 i/a
105
*37
12%
49%
50
'
58%
*102
41%
1051/2
•
12%
'
*48
25
*105
23
106
■
40
38%
33
17%
12%
191
39%
112%
*111
105
25%
*105'A
*185
40%
37%
33
*113
39%
114
43%
23%
112
*104
18%
114
..
Co
20% July
'
24
*57%
50 •'
*113
45
37%
.
105%
*47
25%
*185 4 191' >
40
12% '12%
.49
44
*111%
192
39%
105
V4
No
No
Corp
Corp
Elec
Apr
151
5
233A Aug 29
22'A Jan
2
Mar 28
,15% Apr
.
■)
1
44%
16
44
173/a
Sep
6
May 29
110 '
3
7% May 3
Jan 17
100
Co
Dec
Jan
Jan
21
59% Sep
39% Sep
14
24
c
.,100
(Glenn-L)
Martin-Parry
425
No par
preferred
20%
»
16% Feb
1
'3% Jan
57% Mar
—;
Field & Co—
Marshall
34
155
1
Maracaibo Oil Exploration
8%
53
28
1
Jun
f per than
17% Aug 31
3
17
5
4%
60
106% Jan 24
par ;
—-
8%
110%
-
50
:
MandelBros—_
Manhattan Shirt
July
27% Mar
Jan 16
47% Jan
2
31% Jan 22
par :
—10
i,
183
147
100*
No par i
J
8%
1044
Highest
Z
.
283/4 Jan
No per
-
2
Mar 27
13% Aug 21
,
No
Co Inc-
4%%'pfd series A
Garden
40% Feb
27% Aug 30
4
52
100,
!
Jan
23% Jan
—10
Madison Square
Magma
166
10
4%
27%
"20
24%
2
*.
20%
X24%
18% Jan
Forbea—:
&
per share
7
—
preferred—
I
21"
51% Sep
r_100
Mack Trucks -Inc.
-
21 % Jun
Mahoning Coal RR Co__
-
9%
16%
*29%
400
6
20
No par
-—50
8%
28%
28
*430
.
9%
16%
*108
"
460
9%
2,600
;
108
30
16%
(29%
110%
*430
9
800
*21% <22%
'19%
19%
-
MacAndrews
Lowest
4
15% Jan
preferred
6%
39%
39
21%
300
59%
108
*21%
*15%
'
39
108
21%
<
154%
59
21%
460
28%
*107
34
*151
59
38%
108
34
154%
58%
38%
*107
34
'
19%
*415
*109
34
*151
21%
19%
,
34
154%
58%
•
X38%
•
*33
155
Sep
10
M
33%
*151
62 %
40% Feb
Co
Steel
Jan 23
29
:
Louisville & Nashville-.:
Lukens
50
No par
Biscuit
(P)
I per share
it per than
No par
Year
Highest f
49% Sep
7-
113% Jan
114
105
5
Mar
108% May
107
Sep
Mar 13
111% Apr 24
11% Jun 23
6% Jan
119% Jun
19
93%
Jan
31% Mar
8
173/4
Feb
16aA jun
18
49% Jun
18-
51
33
.2%
Feb
Sep
Jun
Apr
Sep
.7.
11% July
44.
July
1103/4
Dec
29%
Oct
21
Jun
112%
Apr
323/4
Oct
22.
Dec
553/4 July
283/4 Nov
1043/4
13%
111
Dcc
Oct
Dec
19% July
13
Dec
100
Sep
94
Oct
38 V*
Nov
16 %
Dec
55 Va
Dec
39
Aug
38
Dec
107
Dec
8% July
28 Va
39
1443%
July
Aug
Oct
58 % May
19 Va
Dec
2% Deo
46
:
114
Dec
Dec
113
Nov
112
Dec
9'/a
111
Oct
Jun
23% July
6%
Dec
18 Va
Dec
39%
Jun
25
Oct
119%
Sep
Nov
107% Jan
Jun
11.
Sep
4
41%
Apr
Jun
9
35%
Jan
44% Jun
21
21 %
Jan
44 % Jun
21
15'/a
Jan
May 17.
163/4 Jan
283A May 17
41 if, Sep
6
26%
Apr
16% Jun 27
4%
Jan
16
72
Jan
33% Sep
4
100 % May 28
20
Aug
70
May
110
Jun
Dec
Nov
Jan
68 3A
106
24 Va
176%
117
47
32
13
Sep
Jun
114
2
113
Jan
12
51 Va May
29
743/4 Apr
1113/4 May
28
119
Jan
193/4
8
100
116
Jan
8%
29
.7.
Sep
25% Dec
88"%
Oct
Aug
53% Nov
42
Oct
353%
Deo
24%
Jun
25 Va
Dec
333/4
Dec
10%
100
Oct
Oct
24% July
84
Nov
Jan
4
Nov
1163%
Feb
193/4 Jun
20
8%
Jan
14 3/a
Aug
61
Aug 29
43%
Jan
53 y4
Oct
22 3A
May
54 "
Jun
115
N
16%
<16%
19%
19%
19%
19%
19%
19%
25%
26%
26%
27
X26%
27
26%
27
*180%
188
*180%
185
*180%
185
*180%
188
*23%
25
t
t
*23"%
19%
24%
24
24%
16
*24
16%
r
14,900
Chatt
Nashville
National
& St.
——1
1
Co
Acme
National Airlines
8,100
National
Aviation
National
1
Nat Automotive Fibres Inc
1,900
11,000
Biscuit Co
7%
-
24%
300
16%
16%
Corp—
9
Louis—..100
Nash-Kelvinator
4,400
5
10
Corp
100
preferred—
No par
35% Jan
36%
37 '
36 3A
>37;
1,700
Nat
19%
15%
15%
15%
16
<
1,000
National Container
14%
14%
14%
14%
14%
14%
14%
15 Va
4,000
National Cylinder Gjs Co
31%
32
31%
32%
32%
4,100
Nat Dairy
24
24
253/a
4,600
National Dept Stores
12%
200
44%
9,000
National Can Corp—
Cash Register
—
"
32
24%
43%
43%
"
42%
18%
43
43
19%
18%
25
12%
43%
32
25%
-12%
43%
43%
23%
12%
*11%
43
•
18%
42%
*11%
44
44
■43'V
18%
43%
104%
43%
1,200
19 %
19%
7,600
104%
19%
*103%
-
104%
40
'
104
28%
104
*103V8
28%
28%
105
28%
*185
186 V
*156
157%
*156
157%
*17
17%
17
28%
*35
185
28%
*28%
36
*34%
186 **•
28%
*183%
x29
29%
156%
185
17%
17
185
60
1573/4
10
17%
17%
600
29%
29%
1,200
17
29
28%
35%
35
29%
*35%
35
''
36
100
11%
11%
11%
11%
11%
11%
11%
11%
75%
75%
75%
75%
75%
76
77/./
77
25
25%
25%
25%
26%
26%
26%
17%
17%
17 Va
*28%
29%
*28%
100%
101%
99%
103
20%
11%
104
*103
20%
21
11%
19%
11%
19%
20 %
40%
40%
*106
85
*107%
35%
108
35%
•
100%
105
20%
11 %
19%
41%
25%
17%
17
173/4
29'A
oq
29
99%
100%
*103
105
20%
11%
19%
*41
106
*83
85
85
108
108
*34
35
v
*106%
35
20%
11%
19%
41%
100%
*103%
20 5/s
No par
1
No par
National Lead Co———.101
1% preferred A
100
6% preferred B
—
100
National Linen Service Corp
1
Standing
National Gypsum Co
$4.50 conv preferred
National Oil Products Co
National
Steel
3,500
4,600
National
Sugar Ref Co
$2
%
910
50
1,900
6%
1,000
Natomas
Co
Nehi Corp
85
85
*106%
35
85
200
108
10
36
1,300
Co
conv
Newberry Co
New Jersey
Newmont
33
Mining Corp
Dec
20 %
Dec
18
Dec
193/a
Dec
9
Jan
9%
Jan
15%
203/8 May
243%
192
Apr
24
165
Mar
181
Dec
24% Jun
26
18
Feb
21
Dec
173A jan
28
8% Jan
26
Apr
34
37
Aug 31
16% May 18
16
Jun
XIO
Sep
*11%
Feb
19%
27
Jan
25 %
24%
113/4
Jan
12
443A Jun
30 %
Feb
26
Jan
37% May
37
Deo
9
Feb
44
28
26
Jun
1
19% Aug 29
108
Jun
May
5
164
Feb
181
163
May
7
141
Jan
159
Feb
5
16
Dec
22 Va
293/a Aug 31
17%
Apr
23
28
28%
Apr
.34
6
53A
Feb
July 11
57%
Feb
19% Jun
Jan
3
12% Feb
113/4 Feb
6
24
Mar 26
Jan
22
F(b
6
103
Jan
4
66
4
105 % Jin
Aug 20
32
73/4
70
Jun
Dec
Dec
July
Jun
Jun
Dec
July
18
223/8 Mar
10
25%
192
18
Dec
104 3/4
Jan
7
3
pfd_100
Jan
May
29 %
Dec
Mar
14% July
Dec
87%
20
19
27 Va Jun
15%
Dec
233/4 Aug
14% Dec
13% Jan
26% Feb
22% Aug
10%
17% Apr
11% Sep
30
Dec
123/8 Mar 14
x32% May 18
77%
Apr
Dec
5
10% Jan
1
13 Va July
Sep
100
serial preferred—100 y.
(J J)
No par
Pr & Lt Co 4%
413/a
Jan
37% Jun
Jan
7% Jan
65
17% July
Jan
13%
27
Jan
15
26% July 26
92% Jan 15
97% Jan 17
No par /
Neisner Bros Inc
4%%
Jan
2
37
Jan
4
13
xl01% Aug 17
Jan
2
.24
5
177% Jan
Feb J,8
155
4
16 Va Jan
Jan
21
Apr
28
16% Sep
7
223/4 Jun 27
No pat
Tea
3,200
30
par
22
11%
7
21
29% Sep
7
29
Jun 28
-10
preferred—.
prior
National
11%
109
No
conv
20
200
25
(The) Pa
10
preferred
40
prior conv preferred—100
5%%
41%
No par
Corp
National Supply
200
v
4
National Power & Lt
1
203A
No par
Si/1 Cast Co
Nat Mall
11%
*105
35%
105
Products.,
Nat Enam &
19¥4
*41
106
108
101
78,400
6%
4,400
•
17%
*29
109
*106
109
*78
*41
17%
29
5,500
*155%
185
156%
29%
23
Nat Distillers^ Products
36%
15%
12%
Jan
preferred
16
36%
15%
24%
5
2
13% J an
6
31% Apr
9
12% Mar
Jan
4
13
2
24% Jan
20% July 17
11% May 5
16%
36%
31%
182
Jan
10
No par
1
—1
No par
No par
10
16%
*11%
13% Jan 24
23% Mar 26
20%
Share Corp
Bond &
15%
16%
16% Mar 27
9% Mar 26
No par
Nat
36%
"
15% Jan 20
35% Jan 23
2
20% Jan
-1
I73/4 July
243/4 Nov
30 Va Mar
105
Jun
14
79% Feb
95
Dec
105
Jun
11!
83%
Jan
98 V4
Die
5%
Jan
113/4 Nov
Mar
11 Va July
33% Mar 16
■
20% Sep
.
4
.
,
9
13% Jan
18a/4 July
Dec
22
Jan
32%
96%
Jan
105 %
.6
56
Jan
68
1I)V
108% Apr 28
393A Peb 28
104
Dec
106
Dec
Apr
35
Dec
x43
May 29
108% Mar 12
85
Sep
27%
Oct
RECORD
NEW YORK STOCK
*
per
than
}y
Sep. 3
Sep. 1
f
per
T-esday
•
9
per snare
9
<hare
,
27 %
27
26%
'
17%
109%
109%
*50%
51%
50%
35
*22%
26
*22%
0
55
50%
50 %
300
'26%
2,300
1,500
50
26
*22%
*48
N Y
200
250
*250
275
250
250
80
N Y
& Harlem
104%
*103%
104%
104%
104%
50
N Y
16%
1,600
16%
17
16%
16%
16%
N Y
44%
44%
46
300
239%
240
238%
240
270
Norfolk
120
118
118
*117%
120
40
*117%
25%
44%
Adjust 4%
26
25%
26%
26%
55 %
*55
56
*55%
*54%
55%
6%
57%
*57
57%
*57
' 57%
*56%
57%
6%%
11
11%
II
11%
11%
11%
26%
11 y2
11%^
28%
27%
.
56
26%
27%
26%
110%
*110%
,
111 %
110%
110%
*44%
45
44%
44%
1,300
51%
51
51
*51
52
51%
52
11
11
11
11
11
11
11%
11%
*52
55
*52
55
*52
55
*52
55
*13%
14
14
14
14
14
14
14
109%
109%
45
200
Ohio
Edison
17%
17%
17%
17%
9,700
Ohio
28%
28%
i28%
4,500
109 Ve
109%
108%
14%
108%
108%
14 Va
109 Ve
140
14%
1,800
115
115
115
115
109 Ve
109%
<14%
14%
14
14%
115%
115 Va
*115
115%
20
30%
160
*22%
24
*23%
*78
80
*143/4
15
*97
53
53%
58%
58%
.
28
*27
28
40%
40%
40 3/4
*52%
533%
58%
58%
59%
58%
132
130
171 %
*170%
171%
171%
171%
9ya
8%
171%
9
21%
J
Coast
5,200
533/8
800
60%
I,700
Pacific
131 ■;
130
Pacific
171%
<21%
6%
50
122%
Dec
19%
Dec
Gas
6
53% Jan
16
9% Jan
20
105% Jan
9
110% Jun
26
100
17% Jan
31
35% Jun
26
110
7%
36700
Pan
Oct
Dec
7% Jun
11%
14
•
116% Mar
3
112
7%
7%
7%
19%
15%
18%
19%
*1 <%
*14%
31%
321/4
1071/2
*107%
70
*109'/2
*71 >
.
333/4
333/8
34
37%
371/2
37%
115%
17%
Jan
31%
37%
Feb
50 %
55
40 %
2
Mar 17
Jun
16
3
14% Jun
12
12% Jan
107%- Jan
24% Jan
Oct
18
v.12 % May
16
Jan
7
104% Nov
109
Dec
20% Feb
28
2
Jan
16% Mar
118
4
13% Jan 22
23% Jan
155
15%
34
40%
40%
'
10600
41%
—1700
23/4
July 31
99 %
Aug
Jun
22
31
Sep
6
18
7
147
Apr
May
2
69% Apr
3
13% Jan
2
20
15% May 21
15% Mar 17
10%
liy2 Jan
67
39
45% Mar 9
24
Jan 24
par
3
42% Jun
26
3
Jan
•32% Apr
2
34 % Jan
48
July 11
53% July
60% Sep
38'A-Mar 27
121% Jan
3
133
160% Jan
175
Jun
par
1
6
3
Mar
16% Jan
3
5% Jan
10
2
35%
Dec
42%
Dec
117%
Apr
123%
Dec
Jan
163
1
23
23/4
2600
Park
323%
33
7600
Parke
24%
24%
243/8
1700
Parker Rust Proof Co
,/
1300
Parmelee
19%
2900
Patino Mines & Enterprises
19%
"i 24%
8%
19%
9%
19%
.8%:
193/8
9
9
19%
*68
691%
68
68
*67
69%
*67
70
121
121%
121
121
122
122 V4
xl22
123
34%
13
83/e
863/4
241/4
13
73/4
*843/4
86%
86 %
86%
*22%
24 V*
*22 >/4
38 %
37%
181/2
25%
253/4
24%
27%
*27%
28
'28
*105
108
*105
108%
*87
>
28
27%
28%
600
108
*106
5%
i
*88
89%
893/4
,893%
*87V2
893/4
100
;
*26%
27%
27%
27%
x27 y2
27%
600
Pet
*107%
1081/2
*107%
108%
*107%
108%
*107%
108 %
8%
*8%
83/4
8 y2
8%
300
103/4
103%
10%
103/4
1,300
223/4
3,000
28'A
16,100
8%
*8%
11
10%
22%
22%
22%
223/a
22 5/a
22%
26%
27
26%
26%
26%
28
28
65%
66
66%
66%
653/4
*1101%
112
7
261/4
25%
28
*117%
*111
,28
11
112
26
111
26 %
V
26%
27%
119%
27%
*118
118%
14%
14%
14 %
14%
14 V\
383/4
39
38%
38%
38
72%
,72%
*1081/4
109%
*191/4
' 21%
*115
20%
71%
71%
108%
20%
31
20%
*115
47%
20
31-1/2
21%
119
47
20
*30%
47
<
6,600
72
•
1,000
100
-*19%
31
31%
*203/4
21%
119
*119
6%
107%
*107
107%
126
*119
126
73%
8%
"r
8%
12
*107
8%.
*83
i
63 %
y
26%
.32%
163/8
62%
115:
-
21%
*195
16%
16
.
2,200
95
80
193/a
19%
*193'%
207
r
6%
600
*93%
95%
*199%
19 s/8
Pitts
900
7%
Pitts
63%
580
82 V2
83%
40
31
32
*196
205
rr
17
,...
*
;
7%
63%
32%
205
116
16/8
16
5%
500
v
20%
20 34
*27%
2R1A
*27%
?«V8
Pittston
200
19%
193/4
193/4
20%
5,100
21%
21%
x21%
22%
21%
21%
65
64%
65
;
61%
61%
62%
63
22%
23%
23%
24%
233/8
99
-
22
100
r
!•'
•
667
Pond
Poor
633/4
643/4
3,400
24%
23%
24%
21,800
Creek
&
Pressed
Co
Procter
&
page
1187.
108
106%
108
108%
109%
620
pr
113%
116
115
116
460
6%
120%
119% -120%
119%
119%
132% \
1323/4
132%
133
1323/4
-
120
.
134
...
..."
7%
preferred
preferred—
Sep
Dec
6% Aug
3%
Jan
~8%
Feb
19~%
"2%
Jan
5%
45
Jan
61
July
103
Jan
109
Dec
23%
Jan
30
Dec
27
Sep
37% July
1%
Apr
2%
26%
Apr
Feb
23'%
18%
4%
July
Dec
Dec
31% Aug
Jun
8% July
Jan
15%
Apr
20%
51%
Apr
59%
113
93% Feb
Dec
Dec
Nov
Apr
24%
9%
Jan
17% July
2%
Jan
13%
37%
16 ■:
Feb
5
Dec
Aug
x70% Nov
18%
Mar
112
110% Mar
Dec
Jan
25% Mar
33%
Dec
21%
Jan
32
Dec
55
'
Jan
70%
Dec
5%
Jan
17%
Dec
22%
Dec
26 Vb
Dec
10%
Jan
19%
Dec
54%
Jan
96
Dec
33%
Jan
65 %
23% Mar
105%
Oct
7
Sep
Dec
28 Vb July
107 %
Nov
9%
Jan
40%
Apr
20%
Feb
26%
Dec
Jan
2
25
2
Jan
Jan
26%
Oct
/
190
Jan
24%
Jan
11%
Feb
27
Oct
July
8
8
6
28
*98
42%
9
Jan
16% July
117
Nov
Sep
48% July
Apr
14% July
23% Feb
28
July
105% Nov
108
Dec
"5
Jan
61
Jan
~8%Dec
92%
Dec
19
7%
Apr
1
Nov
.96% Aug
7
68%
Feb
90
Nov
20
5
Mar
May
205% July
1
•
49% Mar 27
Feb
20
Jan
1
12% Jan
19
74 y4 Jan
27
17
Dec
171
Mar
Apr
190
Aug
4%
6%
91
Jun
26
82
45
Apr
6% July
9% July
Sep
100%
Dec
Sep
61%
Jan
Dec
73
11%
22% Aug
6
Jun
9
175
17% May 22
'-,99
Aug 28
69
198
Jan
57% May
43% Jun
9
100
Jan
Jan
19
Feb
.69% Jun 26
/
2
Jun
9
11%
183
12% Sep
6
105 K May 28
9
Mario
.
119%
10% Feb
94
4
21
Mar
Mar
118% Aug 20
2
8% Jan
2
198
Apr
6
July 10
2
6y8 Jan
8 % Jan
100
23% May
117
164%
;
68
Apr
—
<
99
19
21% Aug 27
<8% Mar 26
85 Ve Jan 15
.15% Jan 31
—
19
July 17
108% Feb
Aug 21
-
16
Apr
2
68
•
Jan
21% Jun
105% July 26
118% Aug 20
5% Aug 21
100
May
21%
55
23
Jan
Dec
120
2
25
108%
40
May 7
72% Aug 31
Mar 29
11
;
Jan
113
6
44 y2 Jan
Jun
88%
V16
14% Jan 20
111
49%
28% Apr
56 Ve July 24
107% Feb
Dec
3
122
117
Aug 22
12% Aug 21
31% Mar 27
5
Dec
59%
68% July
2
21 Ve Jan
par
1
114% July 10
26% Sep
7
25
100
8 Va
Jan
Nov
175
Nov
Jan
14%
Oct
May
83%
Nov
17V2 Jan
2
30
Sep
19 % July
par
24 % Jan
-3
25% Apr
28% Jun
16%
No
18
19%
Jan
25
No
par
12V\ Jan
8
'"20% Sep
7
8%
Apr
13%
Dec
1
16% Jan
22
11%
Apr
18%
Dec
17»/4 Jan
30
*22% Sep
,•> 21% Sep
4
5
4
11% May
18%
50
50V2 Jan
22
t
66% Aug 31
-64% Sep
7
35% May
55%
52% May
59
> 26
21
13%
18%
Dec
2
14
87%
Jan
18%
Dec
96
Jan
109%
'9
104%
Jan
113% Nov
3
113%
Jan
122 %
No
1
55
-
No par
UOO
i
100
100
Jan
2
16
106% Jan 30
i
110
; Jan
.121% Jan
.
4
-3
May
'
Mar 27
17
102% Feb
par
No par
preferred
8%
17%
29% Mar
23
Jan
57
5
510
28
Feb
71
No par '
.
9% Feb
12%
7% July
Jan
11% July 20
24% May 5
106 V2 Jan
100
B
510
1203/4
132%
•
4%
19% Aug 20
1
pfd
$5 preferred
115
120%
see
107%
2
2
149
Dec
25
100
Pub Serv Corp of N J
113%
Jan
No par
<
Gamble
113%
?
'
8
100
Steel Car Co Inc
1323/4
footnotes
conv
19
9 Vb Jan
.
No par
Pocahontas
class
107 %
<
Mar 22
100
(The)
106%
v
108
100
——
1123/4
For
RR
5% conv 1st preferred
5% conv 2d preferred
..
2,600
63 %
5
5
Plymouth Oil Co
19,800
r65%
Co.
Preferred
-
2.000
200
106% Jan
25
Pittsburgh & West Va
Pitts Young & Ash pfd
14,600
99
ser
11
25
May 29
100
preferred class B
preferred class A
1st
117% Jun
116 % Jun
'30
No par \
Screw & Bolt
5%%
18
2
No par
Pittsburgh Steel Co
*107
43% Jun
2
7
6
100
6,800
4,300
26% Sep
July 27
Apr
1
preferred.
8 3/a
99
61%
Iron
preferred
12%
18
Jan
100
8%
20%
66%
&
Louis
12Ve
23% Jun
26
No par
83/4
Jun
29
63
J00
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry
—
Jan
92 Va Jan
Chemical Co—No par
&
40
6
19% Jan
No par
preferred
Coke
$5 conv
207
98%
;
St
Jan
21
5
Hosierv_
C &
40% May 29
'
par
1
No
com
12 3/8
120
19
28
1
preferred
C
18
88
100
Pittsburgh Coal of Pa
500
-
9
20%
66
;
6Va
74
21%
•21%
<65
•
*83/4
9
19%
19
•21%
6%
74
/Pitts
27%
*26%
21%
„
126
20%
20%v.
6%
73
83
205
100
*119
63 y4
*31
*96
126
Apr
100
Pillsbury Mills Inc
$4
113
39% Apr
3
Phoenix
5
100
Phillips Jones Corp
7% preferred-—.
Phillips Petroleum
140
20
37 Vb Mar 28
30% Jan 18
100
200
Jun
33% Aug 21
100
Corp
800
106%
May
8% Aug 14
91
26% Mar 19
3
14% Jan 23
preferred
20%
31%
106
Jan
100
_
31%
31
38% July 2
17% Jun 23
10
Co
com—
20%
May 17
69
Inc_
& Co
*i9y8
83
.
300
8.600
123
100
Philip Morris & Co Ltd (new)
4%
9
10
5
preferred
47%
107%
<
33%c
Coal
May 28
_50
No
Read
72
(Chic)
Ry
47%
62%
31
>22%
21%
*107
623/4
83%
15%
26 3A
19%
8%
12
*196
100
*
8%
8%
112
preferrno
&
5
Mar
19
100
preference
•Hhilco
118
*115
195
*201
31
205
18%
22
*19
*
207
*83
x20% v.20%
...
19%
-
*107
-84
16
*96
95
11% i- 12
115
*31
*196
%
,12%
63
qs
*201
83/4
95 ,/
19%
»1
207
73
9
95
••191/2
6%
74
8 3/4
95
*119
6%
74
'
83/4
*195
*200
6%
73»%
•
95
19%
'
63/8
.
107
No par
473/b
"
107%
$1
4 4%
Phila
II,100
39
*1073/4
.7
—
v
108%
7lVa
*1073/4
*115
47%
800
14%
38%
72%
108%
20%
120
47
14 %
108%
No par
Co
(Chas)
par
A—
Eastern
2nd
Jan
21% Jan
Corp
Phila Electric Co.
ii9y4
*71%
i
No
24% Mar 12
11% Aug 23
4
Jan
2
62
Mar 26
10
Phelps-Dodge
Corp
25
Philadelphia Co 6% preferred—-—50
$6
preferred
No par
13.100
77% * 28
38 y2
106
Milk Co
Pfizer
30
263/4
*118
14 3/8
59
/Petroleum Corp of America
Pfeiffer Brewing Co
640
112%
26%
27%
par
prior preferred
preferred
5%
4%%
66
*112
26%
27%
*118%
«,r;
119%
'
65
663%
111
25
Fere Marquette Ry Co
27%
8%
<fc
Pepsi-Cola
89
11
28
10% Jun
Peoples G L & Coke
.104,000
22%
5
6% Mar 8
18]/8 Aug 21
10
Peoples Drug Stores Inc
27%
/
21% Jan
No par
preferred
Peoria
20
27% Feb
Pennsylvania RR
Pennsylvania Salt Mfg Co
300
3% Jun
33% May 17
200
18%
5
1
400
26 %
45% Mar
24
87
25%
32% Jan 22
Jun
2% Jan
37 Ve
*17%
108
*105
900
22
34%
29 y4 Feb
Corp
ser
Sand
July 26
27 V2 Mar 26
1
Cement
oref
Glass
110
6
No par
Corp
1
Airlines
Coke
17
Sep
par
No
Co
&
conv
5%
13,200
39%
25%
X25ya
25%
~10
38%
*86%
18
18
18%
$7
Penn
114
37 v*
y
87
37
87
18%,
373/4\
x373%
37%
*86
Coal
Aug 31
2.50
No
Ford
&
Penn-Dixie
300
38
:
39%
8,600
39%
38%.
373/4
*38
39%
*110
112
112
37%
8
8
Mines
Co
Transportation
Penn-Central
Penn
24%
37%
18%
7,800
8
8%
&
Penney (J C)
300
24%
*112
87
27%
33J/4
13
86 %
38%
87
33
13
8%
38
*37%
33%
13
86%
38
37%
33%
13%
>
*22%
,
—
37%
•
Davis
Penick
2,600
33%
32%
*13
100
■
,
Consolidated
Utah
8
1
ex-prlvilege
32%
2%
75
25% Dec
17% Jan
48
1
32%
'8%
*112
Inc
16
Sep
Apr
Jan
Jan
7% Aug 31
Jan
103% Jan
100
Inc
-- 2%
83/4
8%
Pictures
4% Mar 20
56
par
48%
25 %
34% July 17
108
4
14%
>13
Sep
7
7% Aug 28
28% Jun 30
29 y2 Apr 26
Jun
Jan
17% Mat
31
107y2Sep
1
No
preferred
Tilford
&
Ref
2%
191%
86%
5
64
Jan
13% Jan
<
100
32%
83/4
*221/4
Park
'
:
Dec
39%
16% Mar 26
par
2%
Sep
75%
30
10//: Aug 17
22% Mar -7
8
Dec
24% Aug
Jan
8% Jan
Oct
Dec
2
Aug
100
24%
2%
193/8
13
conv
Paramount
14%
157
55% Feb
Transp
&
108
Jan
Jan
Oct
11% July
Jan
8%
58
—
100
Inc
108%
Apr
64
25
*24
** 32%
24 %
34
Cos
Deo
8%
23
26
20% Mar
28%
6
Pipe Line—No par
Prod.
Paraffine
4%
-34%
East
105
5
5
preferred
Panhandle
1000
*103%.ill 11
34
39
4%
13700
75
111
v.
200
Sep
23% Nov
164% Jun
2
Jan
.
Dec
53
30% May 8
113% Mar 14
3
11% Jan
Dec
July
111% Mar
24
106% Jan
7
Jan
16% Aug 20
107
4% Jan
Mar
No
&
Apr
Jan
28
50
No par
<.'32%
2%
2%
24 %
x74y2
■v
Panhandle
2,400
f
7%
7'%
75
x33%
38%
A.32 V*
108
Petrol
Dec
52% Aug 17
11% Jun
1
11
28% Jun
American Airways Corp
Pan-Amer
32 y8
*107%
*109%
*109%' 111
111
33'/4
,
,
7%
73/8
73
73
.
31%
32%
107%
7%
7%
7%
7%
70
15 y2
*15
16
31%
108
,
18%
193/a
107%
31%
31%
107 %
16
73/4
7%
73/4
19
*15
Dec
22%
47 % Jun
Apr
6% Jan
:
Oct
106
26% Mar 27
"
7%
19 Ve
Jan
79
t
Packard Motor Car
45700
56
54%
Jan
7
& Teleg
preferred
19%
52
51% Jun
July 31
ya July 2
30
No
1200
15% Jan
58% Feb 23
6
July
7
Sep
59
Jan
non-cum_—No
21%
2
Dec
47%
46
0
Corp
23%
xl3% Jan
10
Electric
&
26% Sep
19% Jan
53% Jan
Feb
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
v,:
Jun
No par.
non-cum
Pacific Lighting
4100
9
116%
22%
Telep
8%
2
12.50
Co
Mills
*1703/4
Mar
74
Co
preferred
40%
22
22
22
22
22
Glass
preferred
533/8
9
8%
9
124
2.50
1st
60
131
Aug 17
par
Mfg
No
130
*131
Dec
118
10
Pacific
2nd
218
100
Pacific Amer Fisheries Inc
Pacific
Jan
100
130
90
Jan
No par
400
28
33%
193%
100
Co
40%
.
Jan
7
21
6
320
;
li%
Sep
par
preferred
Marine &
Dec
198% Jun
Jun
100
no
143/4
*27 V*
132
*131
pfd
14%
14%
*63%
Jan
46
2.50
65
*14%
14%
64
53%v 53%
403/4
14%
64
40%
2Q
i40%
14%
63%
21
v
129
Dec
251
No par
Owens-Illinois
2,100
44%
Dec
2
par
preferred
Outlet
67%
67
15%
14%
14
633/4
80
Jan
Dec
Jan
No par
4.40%
convertible
Outboard
100
24%
66%
66%
6%
30 %
57
37% Jan 20
50
Otis Elevator.
50
*78%
>
63%
14
'
67%
12,200
*23%
24%
80
67%
15
15
63
No
Corp (The)
8% conv preferred A
Oppenheim Collins
1.300
30%
161
*158
161
4%%
July 9
Sep
5
105% July 23
24% Mar 14
18% July
35%
118
219
$5 pfd_Wo par
Omnibus
260
21%
30%
31
30%
- /
21%
21%
'20%
*158
160
*77
>
68
*13%
14%
24
79
68
-30%
160
"
24
*77%
20
30
20
19%
30
Pow
Telegraph
Co
Jan
50
100
Oliver Corp.
109%
O OO ££
109%
11%
1
Oil Co
28%
!-» O OO
29%
10
Norwich Pharmacal Co
17%
Jan
23
250
103% Aug 28
14% Aug 21
50
28%
Jan
24%
;
50
Preferred
400
62
8
50
series
Norwalk Tire & Rubber
1,300
Jan
16
100
pfd
Airlines
Northwestern
19%
Jun
5
100
Ry
Ry
States
Northwest
110
17%
■>.
17%
29
158
110%
111%
44%
28%
109
17%
28%
.
Northern
40
45%
Dec
Dec
50Vb Aug
23% Dec
25 y2 Jun
Mar 26
Central Ry Co
Northern
July
18%
109
35% Apr
15% Jan
15
share
22
39y4Jan
■>
Mar 26
American Aviation
Northern Pacific
22,600
28
27
28
51%
109
41
162
series
preferred
75% Jun
2
Jan
—50
non-cum
preferred
North
6,300
44%
*111
Jan
148
2
No par
North American Co
18,900
111
*108%
111
*108%
111
*108%
111
*108%
26%
Mar 22
17
par
Industries
Western
&
*55
.
23
Co
RR
Noblitt-Sparks
239%
*57
25%
97
per
Jan
22
Light 3.90% pfd—100
SLipbldg Corp part stk
1
*43%
*44
13
$
16% Apr
26
110% July 18
52 % Aug 28
32l/4 Jun 26
28% Jan-
Power &
239%
120
Jan
No
$5 non-cum preferred
44%
*117%
32
103 % Jan
par
Highest
# per share
19% Jun
.
22
100
Dock
York
239%
44%.
239
21% Jan
100
No par
preferred series A
City Omnibus Corp
104%
104%
16%
17%
*103%
No
6%
New
52
45
N Y Chic & St. Louis Co
24%
51
No par
Brake
Central
York
New
500
35
*34%
York Air
New
46,800
50%
128%
25%
35
500
52%
52
No par
$5 conv pieferred
240
240
240
110
xi6% Aug 14
109
Jan
9
•128%
51
50%
1
Newport News Ship & Dry Dock—1
49%
*22%
26
Newport Industries
4,300
25%
35
34%
34%
34
2,100
18
127%.
49
125%
126%
125%
126 %
27%
17%
51%
24%
50
48%
51
50%
27%
110
Lowest
28 V4 Aug 30
17%
*51%
/
25%
24%
25%
25%
126
50%
t per share
18% Jan 25
110
*109%
A
110
9 per share
Par
Shares
share
per
Highest
EXCHANGE
Range for Previous
Year 1944
Lowest
28
17%
17%
17%
I
per snare
X27
26%
-
*109%
17%
I
snare
per
Range Since January 1
STOCK
YORK
NEW
the Week
Sep. 7
Sep. 6
for
Sales
Friday
Thursday
Sep, 5
Sep. 4
'
STOCKS
PRICES
Wednesday
SALE
HIGH
AND
LOW
MondaT
gatnrdny
Monday, September 10, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
1184
;
Jun
109% May
xll7
Jun
>123% May
138% May
Jan
Dec
Dec
July
Oct
Dec
4419
THE COMMERCIAL & FINANCIAL
CHRONICLE
LOW AND
HIGH
BALE
Tuesday
PRICES
• per
>114
I per
114%
114 %
57%
59%
19
19'/a
59%"
18%
111 A
16%
*163/4
115
58%
A0
«„
59
20.40U
Par
■■fi!l-Ser,n & Gas PW W
19%
U.900
Hlft
700
;
108 %
7fo
*
26%
1,500
109%
26
17
26 %
163/a
26
'
16 3A
163/4
16a/4
No par
preferred
47% Jan
conv
100
preferred
500
No
59% Sep
21
Mar
110% July 17
100
Purity Bakeries Corp
24
Jan
106
May
Hiffhest
t per share
113% Nov
5
37%
7
14% Sep
115% Apr
109% July
4
1044
I per share
Jan 20
118
22
17
Year
Lowest
t per share
113% July 17
Pure OU (The)par:
4%
5%
Range Since January 1 /
Lowest
Highest
$ per share
No par
Pullman Inc
18%
Hlft
xio8V2
1C9%
Ranee for Previous
J
v
Share$
19%
26
-J
STOCK
EXCHANGE
"111ft 111%
109'/8
26
"114
59%
.
18%
NEW YORK
-
(
* per share
us
59
19
111 A
109
26
"114
Sales for
the Week
Sep. 7
I per share
114%
Z
"1ft Hlft
>109
1091/2
Friday
Sep. 6
share
58%
163/4
Thursday
Sep. 5
share
25%
STOCKS
Wednesday
Sep. 4
119%
Jan
Feb
52% July
';
18
Mar
9
109%
Jan
115% Nov
5
103
Jan
108%
Dec
Jan
24%
Oct
Jan
16% Aug
23% Jan
3
27
Feb
8
19%
.11
15% Jan
22
18
Feb
16
12%
No par
1st preferred—No par
10% Jan
2
16% Sep
4
8%
Apr
12
78% Jan
15
87% Jun
28
69%
Jan
80%
7
7%
Apr
2
104% Aug 31
85%
Jan
July 18
105% Aug 14
Quaker State Oil Ref Corp.
par
,
R
16
163%
853/4
85%
10%
166/a
16
16 3/4
102,700
85%
•85
85%
100
103/4
10%
103/4
103%
1033/4
105
105%
16%
*84%
86
10%
103%
*1043/4
163/s
*85%
10%
102
:
16%
•
105
103
103/4 ,11
55,000
1035/8
103%
105%
*104%
103
105
105
37%
37%
37%
20%
373/8
20
37%
20%
21
20%
21
37%
37%
'23%
23%
45%
45%
43
43
'
213/4
r'
23
*37%
233/4
*45
46
*45
*42%
44
217/a
22
213/8
21%
124
124%
74
*74%
76
*213/4
*124
223%
125
77%
*22
22
.
124
22%
34%
34%
29% '
*101%
34%
29%
29%
x29 %
293/a
293/4
*101%
102%
*1003/8
102%
*100 3/a
"223/a
2 2 3/4
22%
22%
102%
;
x23
23
'
*33%
•
'
34%
34
*•;;
22
*
:
29%
10%
11
10%
V.
253/4
26 3/a
110%
18%'
18 3/a
*106%
18%
107%
21%
223/8
*107%
108
19%
107%
19
19%
37%
39%
39%
.19%
12%
'
*7
*27
'
40
12
24
28
453A
*55
112
~23%
8%
"76%
ll5/8
ii%
4,300
>■
46 34
9,800
*107%
108%
56
109%
54
100
54
1,300
112
*111%
*112
"20
*112
23%
2,200
8%
8%
8 3/a
"8%
8%
1,100
Seagrave Corp
1313/8
10,400
8ears
23%
12,700
8ervel
130%
8
"60
41
"36%
37%
36
16
T%
16%
67
-67
7
>
16%
*76%
165/8
26%
.
-27
•6%
7%
3,300
40%
41%
3,500
36%
36%
36%
600
15%
15%
16%
16%
41,100
47%
47%
16%
23 3A
V
"23
47%
47%
16%
66
65
66
48
16%
233/4
400
165/8'
*23
2,200
100
65%
j
233A
65 %
700
33%
33%
33%
33%
34
34
33%
35
*
1,700
lb '/a
lt»V4
AO *74
10
15%
16%
15%
16%
28,600
4%
43/8
4%
4%
43/8
4%
4%
2,800
22%
22%
47
213/4
47%
179
443/8
74
90
21%
21%
215/8
500
473/4
46 3/a
477/B
14,500
44%
43%
46
45%
46
8,000
74
73
745A
75
75%
1,400
73%
90
,
16%
*88
163/4
8%
8%
14%
*14%
16 3/8
143/a
*78
90
86.
8 3/a
3%
14%
*78
31
303/8
303/4
30%
303/4
73
73
72
72
305/8
.
*73
75
17
•17%
16 %
17
16%
17%
90
90 %
*89%
90
89%
90
44%
45 3A
44%
Z 116
115
110%
110%
*110
45
-
*775/a
80
38%
45%
115
117
82
110%
600
8,300
300
17%
47
7,500
90%
380
48 3/a
.
3,000
*120
50
77s/8
*775/8
80%
110%
*110
38%
473/4
893/4
10
75
17
.
117
775/8
200
393/a
31%
383/4
*72
20,700
14%
393/a
383/4
*773/4
:
85
38 3/a
116
9
*14
85
30 3/8
<
8 5/8
4,700
110%
110%
100'
120
38%
38%
*113%
115%
7%
7%
7%
73/8
7%
8
86%
86%
863/4
87%
873/4
90
101%
101%
1013/4
101%
105%
41%
415/8
40%
413/8
405/a
41%
403/s
40 3A
11,100
36%
37%
37%
37%
375/8
38%
38
38%
13,600
613/a
613/4
61%
61%
613/4
62%
62
623/a
12,800
20%
20 5A
20 %
20%
20%
20%
20%
21
163/4
17
163/4
17%
38%
38%
39
39
^
*113
■?
101
•
38%
115
*113
163/4
17
16%
38%
38%
38%
38%
16 3/4
/
393/e
39%
*113
115
73/4
*90
106
<
40%
6,700
115
—
8%
—
10.1O0
91
1,000
3,100
106%
5,500
15,900
500
393/4
40
393/4
40
393/4
40
397/a
39%
3,600
20%
20%
19%
20%
20
20%
20%
8,600
20 5/8
21%
21
21%
203/e
20%
21%
26,900
20%
20 %
203/a
20%
20%
20%
1,700
6,309
18,500
1,700
19%
20 V*
1
203/4
20%
^
r
•
*60
•123%
143/4..
143/4
15
15
15%
28%
27%
28
28%
28%.
275/8
283/a
60%
14%
27%
14%
60%
61
125%
♦123%
15
125%
6%
6%
Z
6%
14%
14%
14%
143/a
25
25%
25
25%.
613/4
♦123%
*97
fv 100
32%
35
34%
35
.
97
97
32
■
33
*345/8
6
32%
*34%
•••>;
°34
6%
62%
125%
6
6%
14%
-
63 Vs
♦123%
62
125%
14%'.
25%
255/8
97
99
.
32%
33%
35
*345/8
35
34
*33%
343/4
6%
7,100
14%
25%
143/a
4,300
26%
5,000
98 3/4
33
.
.
34
*35
35%
*33%
34%
/
,
-v ■■■£
500
3,900
——
300
13
2
27
May
Jan
8%
1
19%
Oct
Feb
11% July
Jan
13
May 22
Dec
Dec
15% July
35% July
39% Nov
17%
5% Apr
Dec
9
Jun
10
28
Sep
5
17% Jan
24% July
Mar 26
41
Sep
8
25
Jan
34% July
14%
Jan
23
Feb
Jan
21% May 18
46 % May
5
23% Apr 17
38 %
Dec
110% Jan
115%
Dec
463A Sep
22
Mar
27% May
115 % Mar 9
12% Jun 28
23
111
•
57
Feb
7
8
9
9% Deo
105
23
Jan
109% Deo
37% Mar
Aug 28
Jun
Jan
7
Feb
115
108
Jan
110
Nov
Nov
Jan
20%
Sep
2%
Jan
8%
Dec
Feb
106%
Dec
16
1313/8 Sep
7
84
23% Sep
9
17% Mar 26
6
25 % May
16% Feb
24% July
No par
32% Jan
2
May
Apr
35 %
No par
30% Feb
2
36% Aug 31
23
Apr
31 %
Dec
14% Aug 22
17% Mar 1
10%
Feb
16
Deo
Sep
(W
Shell Union
111% Jun
1
7% Aug 22
163/8 Jan 22
78
Jan
3
12% Mar 27
74
May 15
13% Jan 23
59
July 23
45 %
109
1143/e Jun 13
113
Aug 2
28 • Feb 19
99% Mar
par
28
8% Mar
7
19 'A Apr
*7
No par
No par
A) Pen Co
No par
15
Oil
•Silver "King Coalition Mines.
24
3
Sloss-Sheffield
$1.20
Steel
&
Smith
(AO)
Smith
&
No par
10
Corp
Corona Typewriter-No
par
Southern California
Southern Natural
stk
Spalding (A G) & Bros Inc
Sparks Withlngton
Spear & Co
$5.53 preferred
Spencer Kellogg & Sons
Sperry Corp (The)
Splcer Mfg Co——-;
Spiegel Inc
Conv
$4.50
preferred
preferred
Standard
Brands,
Inc
1
of Ohio
No par
1
No par
No par
1
No par
2
No par
Standard Steel Spring
Starrett Co
(The)
L S
Sterling Drug Inc (new)
Corp
Stewart-Warner
Stokley-Van Camp Inc
5%
prior preferred
Stone
&
Webster
1
No par
5
8
1
20
No par
Studebaker Corp (The)
1
No par
Sun Oil Co
pfd (4%% cum).
Sunrtry-Oil Corp
Sunshine Mining Co———
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Sutherland Paper Co
Sweets Co of
25
Amer
(The)
100
1
100
No par
28
—
100
10
12%
3
24%
7% Deo
Sep
18%
Jan
Jun
29% Feb
54 %
Dec
35
31 %
Dec
7
23
12
Jan
Aug 28
141
179
Mar
32% Sep
2
42%
Apr
17 % Apr 24
53/8 Feb
1
23 % Mar 19
x513A Jun 14
Apr 20
3% Jan
20% Dec
28% Jan
Jan
22%
7
Apr
\
Jan
14% July
5% July
21% Dec
45%
162
26%
Deo
Deo
Oct
Jan
20
22
Aug 31
13%
Jan
17% Aup
31
573A Jun 26
23%
Jan
43%
52% Jun 26
20
81% Jun
..
,
103/4
18%
107A
18%
Deo
82%
Dec
12
Nov
13 %
Dec
78
110%
40%
115%
8%
2
2
Jan 23
Jan 23
Jan
2
Jan
2
56
Jan 24
193/4 Aug 20
9'A Jan 22
34
Aug
2
34% July 26
16
Jan 22
69
Jan
Aug 21
Jan
3
Jan 22
Apr 11
17% Jan
2
4% Jan
5%
Jan
273/4
Dec
110
27% Jun 11
122% Apr 30
34
Sep
7
35
Jan
4
36% Aug
3
Jan
2% Nov
38%
115
Dec
Dec
64% Feb
33~%
116
July
Sep
33%
Feb
4% JUly
74% Dec
40%
Feb
85 %
34%
Sep
39% July
31
..
Sep
34%
50% 8ep
66 % Jun 25
23% Apr 18
Sep
Dec
79% Nov
Sep
14
45% Jun 27
393/8 Jun 28
Apr
13%
Feb
57
Jun 16
1093A Jun 16
40
21%
21%
203/4
15%
29%
64%
127%
Sep
Jan
110
.
29% Nov
48
33% Jun
7
7
25
4
30
5
6
13
4
12
24
Dec
6
6
Aug 28
Aug 24
Sep
7
Aug 23
17% Sep
Deo
85
50%
Sep
39 % Jun
Jun
75
May
22% May
36% Jan
96
*
7% Aug
9
Feb
28
4
May 29
May 7
Jun
Dec
Jan
55
Sep
Jan
2
Sep
Jan
2
Sep
Jan 24
Jun
Jan
2
May
57
Aug 13
May
123% July 18
Mar
'53/4Aug 20 : ^7%Jan
9
10
Mar 9
15 % Jun 21
22
79
25
31
.
26
Sep
7
Sep
7
Mar 1
Apr 25
Sep
7
Jun 20
483A Sep
2
67%
783A
38%
33%
34%
Jan
54
117
3
Jan
28
Jan
40%
173/a
9
15%
87'A
393/a
36
73
17%
92%
58
Jan 20
1073A July 27
111% Jan
2a/4 Jan
De*
89% Aug 29
5
37% Jan 10
109 % July
No par
10
Apr
23%
11% Jan 24
6% Mar 27
7% Jan
2
80
Feb
2
32
Mar 27
27% Jan 24
47% Jan 12
12% Mar 27
76% Jan
9
$6 prior preferred
Oil
28%
Apr
8C% Jan
No oar
Standard Oil of New Jersey
Sep
64% Jan 22
Standard G & E Co $4 pref__No par
Standard
20%
32% Jan 22
100
No par
$7 prior preferred
No par
Standard Oil of Calif—^-No par
Standard Oil of Indiana
—.23
Deo
Jan
17
No Par
$4.50 preferred
61%
38% Jan
Square D CO——————1
5% conv preferred—
100
Squibb (E R) A Sons
No par
$4
Oct
Jan
13%
26% Jan
No par
tr ctfs
15%
48%
22
203/a Aug 20
40% Apr
4
Southern Railway
—No par
5% non-cum preferred
100
Ohio
Oct
Jan
35
155
7.50
Gas Co..
76%
9%
7
2
25
Southern Pacific Co
Sep
Jan
Dec
54% Mar
7
100
Edison
11%
72
9
19% Mar 6
24% Jun
5
77
Feb 26
4% Aug
No par
-
78'A July
14% Mar
9
13% Jan
Greyhound Lines.,—5
preferred
18 % July
Jan
2
1
South Am Gold A Platinum
Dec
May
41% Jan
223/a Jun 22
48% Jan 22
29% July 27
15
Socony Vacuum Oil Co Inc
8%
20
Iron
preferred
8
13
63%
153/8 Aug
,—15/
Skelly Oil Co_
Aug 21
5s/8Mar26
Sinclair Oil Corp——..—No par z
Class A
98
;„i/
36
2
1
22% Aug 21
-No par
pref ser A
(Frank G)
Mobile &
;
173/8
86
38 3/«
-
90
16 7A
8%
14%
;
*88
163/4
38%
;
1,800
21%
"
38%
32%
453/4
87
8%
14%
32%
.
463/4
*88
16%
*80
32%
fi
7
16%
100
Slmonds Saw A Bteel
Bharpe & Dohme
Southeastern
44
44%
163/a
31%
Sep
38% Sep
108% May
No par
South Porto Rico Sugar
21% •21%
47%
*88
32
4
40
21% Sep
13% Feo
x42% Feb 23
111
Aug 14
,__No par
1,500
30
2
16% Mar 27
xl053/4 Jun
.......1
Corp
3,900
183
Apr
Dec
Bimmons Co
Steel
473/4
x46 %
>177
Jan
85%
Dec
88
8% Jan
28
Jan
413/4 Aug 21
1
223/a
22%
48
183
453/4
•21%
*72
22%
47
"179
183
31%
47
22%
47%
>179
32
215/8
22%
46aA
179
3P/4
43/8
10
22% May 21
109% July 16
21% Mar 6
37
No par
$5 conv preferred
Sheaffer
36
41
Sharon
'
5,500
July
114
Jun 27
10% Feb 14
233A July 3
95
May 16
18% Sep
7
79
Aug
6
18% May 29
67% Jan
3
28% May 8
8'A Jan 17
41 % Apr 23
Shattuck
10
No
Inc
$3.50 conv
62
Aug
12% July
Jan
2
19% July 27
110% July 25
8 % Mar 27
8
Roebuck & Co
63
5
17"% July 17
No par
$4.50 preferred
Shamrock Oil A Gas.
1,300
163A
*601
7%
17,200
79
165/8
27
170
18%
18%
79
2,000
90%
40%
16%
"23
,
23%
16
v
"47
47%
13%
800 *
8%
23%
90%
36%
X40%
23
8
223/4
62
26%
113
41
153/4
16%
"60
263/s
■6%
X40%
23
16%
62
25%
«
"76%
16%
22s/8
*1123/4
91
17%
79
130%
233/a
113
8
22%
"90
18%
16%
73/8
8
223/4
90
"76%
130%
223A
"1123/4
8%
•
:
173/4
61
130
23%
113
22
25%
J
Seaboard Oil Co of Del
96
61
47%
270
Dec
99% Nov
16.
6% Jan
107% Aug 23
2
33
St Joseph Lead
10
Safeway Stores—
5
5 % preferred
100
Savage Arms Corp
5
Schenley Disdillers Corp
2.50
5%% preferred
:00
Scott Paper Co
No par
$4.50 preferred
No par
$4 preferred
.....No par
7,000
23%
28
26% Sep
Jan
6% Aug
„.
pat
2,400
46
112
No
233/a
;
25%
15%
53
"111%
(The)
23%
90%
173/4
16%
7%
*107;
55
112
223%
79
16%
46
107 %
*1123/4
8
17%
11%
45%
Ruberold Co
Rustless Iron A Steel Corp
22%
11% Jun
10% Jan
—
3,100
111%
Apr
8% Apr
'\
,,
' 16% Jan
Company
No par
Roan Antelope Copper Mines—
Royal Typewriter
1
233/8
23
:
11%
453/8
1293/4
22%
8
11%
Ritter
;
No par :
453/4
22 3/a
111
»
31% Jan
1
21%
45%
223/8
.
37% Mar 13
10
Co——
8%
113
23
45%
111
15% Jan
98
1
10
Mfg
23%
8%
130%
90%
443A
22%
110%
1
14% Jan
100
Common
223/4
130%
22
45
22%
110%
*112
24
>1123/4
23
21
55
V
5%% conv preferred
Reynolds Spring
Reynolds (R J) Tob class B
23
21
14%
.
2
24
20%
»'•••.11
Dec
87% Jan
24
700
-• *
24
*83% Mar
27% May. 1
7% Aug 20
,
Richfield Oil Corp....
300
•
Feb
21%
2,700
203/4
;
1
;>.
18
102 %
12%
1,0C0
'
Nov
Apr
12
L
5
Dec
18
Jan
12%
7%
29"% Aug 31
102% Aug 10
5
3
85%
Feb
16
12%
28
22
Dec
Jan
11%
87
12%
41
35% July 12
Dec
50%
.
4
Rheem
7%
3
90
2
20
6
•120
273/4
13
24% Jun
7
5,600
73/8"
155
Jun
82% Jan
9
Sep
373/8
*6%
Jan
137
Jan
20
213/4
500
Dec
16
39%
"
13
11% Jan
37
11,100
Jan
Sep
21
X41
"111%
112
1,500
5%
24% May 23
xlll
*39
27%
107%
55%
112
>111%
220
1
19%
f
41
45
i
1,500
Dec
21%
4
37%
27%
.11%
453/4
107
1
Dec
36%
22
21%
41
22
11%
45
>105%
10
1
22%
42 %
Jan
19% Jan
40
73A
*
Jan
Jan
27%
102% Jan
353/4
'
•
15%
32%
.No par
39
28
110%
-
,
conv
20
40
44%
110%
u
Dec
16
22
99% Jan
Dec
July
19
Jun
15% Jan
18
34%
prior pfd ger A
100
Revere Copper & Brass
No par
5%% preferred
100
Reynolds Metals Co
—No par
6%
19%
*6%
22%
110%
11%
'
20%
•22%
20,300
109
19
27%
21
.45
107
108
19%.
z
Republic Steel Corp..
20
40
'
40
20%
1083/4
1
18 3/4
-A
24
19%.
24%
7%
108
v
Republic Aviation Corpn-
*106%
223/a
223/a
r *
*
-
25
33%
Feb
Feb
29% Mar 19
45% Jun
22% Jan
.1
Dec
50
5
22% Jan
Iac^———l \
12%
28
July
10% July
107% Jan
28% Jan
V
8
31
17
.
Remington-Rand
with warrants
30
Mar
116% Apr 17
69% July 26
100
No par
10
Motors,
38% Jun
'
11% Jan
100
Preferred
39% May
7
23% Jun 21
2
19% Jan
43
Sep
36% Jan
5
16,100
19%
106% "
50
Hosiery
33,800
500
:
2nd preferred—.50
10%
-
34% Jan
50
1st preferred
26 %
111
4
20
22%
373/4
10%
X25%
X110%
25
40
*39
12%
*24
106%
19
"
105/a
26%, 1
110%
193/8 '
108
*187/a
38%
19%
10%
253/4
110%
*106% .107%
22%
22%
37%
>
lOS/s
26%
110%
25%
*110
Mar 26
non-cum
Reo
11
Aug 21
16
non-cum
.•i1-
110%
33
Reliance Mfg Co
___
1,000
par
4%
Silk
Jan
1
Preferred
....)
22%
103
No
Inc
(Robt) & Co 1st pfd
Reliable Stores Corp
200
2,800
c'
102
pfd—100
3%%
91
Rels
400
1
34
Purina Co
7% Mar 26
100
preferred
Real
50
-
•'
preferred
4%
•
2,300
80
1
—
Reading Company
200
124
*75
..
225/8
$2
100
22%
*22
77%
'
:
"
-um
Raybestos Manhattan
2,900
46
44%
conv
Rayonier
200
24%
46
*42%
conv
Ralston
800
3,500
37%
23%
46
44
223/a
29%
I-
37%
*42%
126
*34
,.
•
23
'
*213/4
-
37 %
•
223/4
22
*123
*72
•37
6%
1,170
37%
20%
37%
Corp of Amer
$3.50
Radlo-Kelth-Orp'
110
37% .'•37%
20%
Radio
•
Dec
Jan
58% July
6%
Jan
11% July
28%
Jan
37%
11%'Jan
9%
Dec
17 % July
Feb
13% JUly
15%
Feb
19
Dec
7%
Apr
12%
Dec
13%
Apr
20% JUly
54
....
Jun
64
Oct
Jan
128
Oct
.121
,
.
.
.
5%
Feb
5%
,
Jan
10% July
.17%
Jan
25%
66% NOV
84 %
Feb
Apr
25
Deo
Sep
3*
Dee
Jan
20%
Sep
-19%
29
8%
7% JUly
Dec
RECORD
NEW YORK STOCK
fitariay
Sep. 1
f per share
*****
Sep. 3
Sep. 4;
« per
9 per
vf/#: /Yfcf:' Y» J:
Sharet
I per than
Swill <te Co
34%
34%
34 Va
34%
34%
34%
2,200
33
323/4
33
33
333/4
32 3/4
33%
10,200
35%
36%
35
36
353/4
35%
353/4
36%
5,000
10%
11%
11
11 Va
11%
10%
11 Va
18,000
10%
10%
10%
10%
10%
1,400
8%
6%
33A
700
14%
900
Tennessee
14%
108%
53
53%
53%
7%
73/4
7%
10%
-•
14
*133/4
14
*108
-
10%
8V2
10%
YY.8%
9
*8%
.11%
>
14
108
X52%
54
'•
52%
43%
43%
20 3/4
21
16%
15 1
15%
153/4
39%
40%
39
19
55
18 %:
18%
19
19
55
553/4
55%
*98 %
102
13%
12%
13%
12%
102
10%
10%
1,400
15%
200
57
57
57%
10 3/8
10%
10%
15%"
15 Vs
15%
51%
52%
52 3/s
54%
54
15%
55 Va
48%
48 %
17%
,47%
"17%
-
17%
13%
58%
f:
13 Va
13%
49
22%
YY7Y"' ?
*21
13
13
11%
11%
123 Y 123
2,800
61%
3,400
Timken Roller Bearing—
13%
13%
13 Va
49 %
49%
49%
2,300
22%
22%
223/4
700
11%
28%
11%
1,500
$4.50
*11%
11%
122
121
600
19
19%
68%
70
20l/8
20%
95%
:
*68%
97
20%
98
125%
30%
28%
27 %
27%
106%
*105%
27%
*105%
28
106%
41%
40%
136%
27%
74%
29%
*111%
103%
27%
75
75
75%
29%
*29%
9 Va
9 3/s
9%
22%
22%
29%
93%
23
273/4
28
*112
76
30
*29%
30
9%
800.
;
9%
9;
5%
300
15.700
No
22%
22%
2%
2%
2%
45%
2%
45%
2 3/a
54,900
45%
453/4
45%
-1,700
22%
23 %
22%
23 Vs
22%
23 Va
"Y: 223/4
23 V.
8,100
United
*11%
12%
11%
11%
12 Va
12 Va
if. 400
United
85
85
85%
86 Va
*85%
13
13%
13
13 %
13%
13%
3,300
United
44 j;>
45.v.
45%
45%
1,200
-
-
108%
108%
108 3/4
3,000
19%
19%
19%
7,'300
84
13
44%
1083/4
44%
109
109%
19%
19
26
26
N
I6V2
104V2
105
'■
'.
21
97
*20%
18%
18%
12
26% .-26%
109
Y
B%
173/4
17 Ya
104%
205/a
205/a
203/4
21
99
99%
*98%
100
>
190%
18V.
19%
16%
20%
20 Va
20 Va
51% .51%
51%
513/4
513/4
51%
51%
51%
48
t,:
48%* 48 V2
48
48
49
4
50%
34%
34 «/a
Y
8%
48%
-
343/4
*111
111%
13%
8%
8%
34%
8%
;
*34
34%
9
34 Va
111%
*111
*111
13%
13%
13%
10%
10 %
103/4
47
*10%
13%
46%
463/4
•
9
9
34%
113
*10%
13%
103/4
473/a
47%
800
47
47 V»
2,400
58
6
12
Feb
28
139
Apr
16
92-
Jan
122
100
Apr
16
81%
Oct
94
Dec
Mar 27
13% Sep
7
Apr
103/4
Dec
58 % Sep
7
4% Jan
12 y8
Dec
50
50
50
50
35%
36%
36%
37%
3
3
2%
*50%
67
66
162
162
*160
66
67
65%
65%
*84% v87
*843/4
87 %
66 V.
:
1453/4 146
7%
*110%
-
U 8 Freight Co^
U 8 Gypsum Co
:
38~
Apr
8Va
Jan
52'/a Aug
ll5/s Dec
Jan
15
54% Jun
27
17%
Apr
29
Jan
2
24% Mar
8
12%
Jan
Jan
2
7% Jun
26
3%
Feb
5%
Jan
13
110 % Jun
22
Jan
105%
Dec
Jan
ll5/a
Nov
Jan
Preferred
66%
87%
*85%
71%
147
25 Va
72%
147
68
i—2,
72%
147%
73
25%
25%
*46%
47Vi
6
5%
5%
:5%
5%
1.400
8%
8%
8%
6%
8%
23,000
*111
111%
*18
18%
6%
6%
•111
18%
6 3/4
24%
25
46
46%
111%
112
183/4
19
2,600
6%
6%
46
45%
45 V4
46
46
*90%
92
*90%
92
92
92
*185
186
25%
253/a
*182
25%
25%
186
25%
25%
>
•
Jan
7%
10
50
52
—50
72
—23.
:1
No
,preferred-^^_w-
25%
1,900
Universal
Pictures
Co
,„..l
,.1^00
Inc„ 1
1
16%
16%
16%
*51
16%
1,500
51%
100
Vertientes-Camaguey Sugar
95
*90
95
*90
95
*93
100
*91
100
*91
100
~io
30
30
30
1,100
Va-Carolina
1193/4
1193/4
120%
120%
72%
72%
*70
51
*49%
5%
64%
120%
120%
73
50%
503/4
38%
38%
*148
*156
1187.
152
170
■ ■
.
*49%
*38%
39%
*150
*156
170
383/4
152
55/a
5Y4
5%
non-cum
preferred
65
66
•
6%
Chemical
Dec
Jun
70% July
28
Oct
-
•
lVa
Jan
l Ya July
.313/e
Apr
42 Va
12%
Apr
17%
Dec
.Feb
llYa
Aug
-
.
6
-
78 Va Aug
.45% Apr
.
.
8
Dec
-
llYa
Dec
36%
Dec
liYr-Oct
.
.Jan
26% May
75/4 Jan
.
-
15% Jun
91%- Dec
98 3/4
16
Jan
109%
Dec
4
Feb'
.7%
7Y«
Feb-
12 Ya July
-97% Jan
107%
Sep
Dec
21Ya
Feb
6
70
Mar
88
Jun
15
»170
Jan
186
Dec
20%feep
54
.
143/4
.
114
Oct
51% Nov
Apr
43% July
Jan
2
.
16% Jan
-
110
10
15% Jun
15%
Jan
5
-
28
Jan
8%.Jan
42
-34 Vt
1
103/4 July
38% Jun
Jan
'
7
.
May
523/4 May 25
25
Feb
9
33%
113
Dec
Dec
Sep
4
Jan
68 %
170
Jun
85 V2
103/fe
Dec
Apr
40% Jan
37%
Jun
48
NOV
*4%
Dec
30%
>
-
1
-
40
Feb
Jan
483/4
20
69
Dec
May
1
50%
Apr
21
*1193/4
Jan
■
5
22
503/a Feb
6
44%
67/a Jun
26
8Ya Sep
6
26% Jun
Feb
130
Aug 31
73
Sep
1513/s Jun
;
Sep
Jan
8Ya
Sep
6
Jim 21
71
■
8
95
-
187
May
27 s/8
Aug
Apr
48 3/4
Dec
28 Va
5%
Oct
Jan
106 Y4
Dec
14%
Jan
18 Ya July
Jan
6
Jan
413/4
68
Apr
81%
162
Mar
Y:•
25
1-4 Ya Nov
76
Jan
May 28
Dec
63 Ya July
Apr
2%
Jan
Jun
Dec
613/4 July
78
Dec
23/4 Jan
1143/s May 28
20% Mar 6
47
543/4 July
150
1363^
•
2
Jan
2
9Ya
5%-Apr
Jun 11
Aug 28
3%
31
176
July
Dec
Dec
Nov
May 28
72 Ya
72 Ya
72 Ya
130
Va Iron Coal & Coke 5%
51 •>.■
51
51
400
Virginian Ry Co
6% preferred—
Vulcan Detinning Co
383/4
/
38 Ya
150
*148
160
*156
170
*156
170
•
30
300
20
Va
El. &
Pow
Preferred
$5
pref
33s/a Aug
2
13
Mar 27
15 Ya Jun
32
Jan
39 %
22
Sep
6
18
Jun
48% May 22
86% Mar 26
52
Mar
100
July
90 % Jan
20
101
Jun
24% Jan
8
13V«Apr
0
:
Y
100
_____100
pfd
9
28
17%
Jan
9%
Jan
;
100
23
52
Sep
12% May
Dec
41%
Jan
51
Oct
6
Dec
Oct
63%
Jan
85
26
70
Feb
85 Y4 July
19
21 Va
Jan
7% Jun
18
3%
Sep
5% Mar
Sep
62 Ya July
25
9
73
Jun
18
118% July 18
123
Feb
19
76
Jun
22
51
Sep
7
July 10
57
Jan
22
45% Jan
25
36% Jan
14 Ya NOV
7
23
28
33% Apr
3YeMar27
59 Va Jan
23 Ya July
16
4
-
No par
dlv partic preferred
120%
150
V
500
*i2oy8
38Y4
114
99 Ya Sep
100
Vicks Shreve & Pac Ry__
'
73
Jan
25%Junl5
100
Victor Chemical Works
1,100
5Ya
May
22
24%
Mar
61
-
2
Jan
'
5
39
21% Jan
f
0
•91
29 Ya
2
'Mar27".
233/4 Aug 21
Co-6%
Vick Chemical Co
95
64%
5
Jan 24
178
10
95
.
20% May
•
•*
16%
53/4
Dec
194% Jun
•
Sep
5Y« Jan
•
par
16.%
30
Dec
8% 8ep ' 6
18 Y# Apr 24
108% Jan 26
75 % Jan 24
Preferred/——No par
Van Raalte Co Inc
65%
28 v Jun
18
Universal
Inc—
36%
1233/4
-110
4
AUg 31
/110
2
Jan
Universal
Vanadium Corp of Am
No par
Van Norman Co———.—2.50
r
Jan
•
70
50
Laboratories
Sep
Apr
Jan
19Ya July > 9
•
12
5
Leaf Tob
110%
22 Ya
•
98 % Jan
16
Jan
1,000
5 3/4
3
'109
17
$6 conv preferred
;
No par
Universal-Cyclops Steel Corp_i
1
95
footnotes see page
46
,
>
1,000
*29%
1003/4. Feb
27
23
1,900
*64%
143/4 Jun
22
4Ya Jan
United Store's class A
Nov
33% Nov
102 Va
14
24
58%' Jan 24
135% Jan / 2
23%'Aug 7
_No par
preferred—,
Stov^kyards Corp
*91
For
144% Jan
100
non-cum
Dec
30
>
25
,
2V4 Mar 20
51% Jan
6
•;
No par
U 8 Tobacco Co
United
104
Jun
Jun
7
1st preferredl___100
Corp
Dec
25%
.
'
3
383/a
5%
Jun
47% JUn
\ 23% Sep
41% Sep
15 Va
30
:
55Ya Mar
No par
Preferred
92% Feb
Oct
Dec
26
-
11
Nov
•
63/4Mar27
30% Mar 26
110% July 3
,
20%
Jun
,f. 11 Va May 19
24
Jun
8
Aug 22
10
Jan
115
118
.
18
Apr
Jan
119
-93% .Jan
-
28
31
66
JL7%.Sep
-
28
28
2
26%
65%
Feb
1
Jun
433/4 Jun
15
38%
•
1093/4
29
Jan
144% Jun
9
Jan
14%
53/4
Feb
Z 110% Apr
9
27Y« Jun
;26%
30
113
Jan
9%
28
^ 46
15'/a
*64%
23
<:Jun
50
1
38 %
51%
Jun
323/4 Jan
2
10
26%
*50
Dec
823/4
48
143/4
51 Va
15%
Sep
2
38 V8
*50
Feb
76
25
Jan
14%
51% •51%
7
6
4
79 % Juh
35
38%
163/4
Sep
253/4 Mar
2
2
Dec
Sep
6
Jan
16%
Dec
21
| 11%
38%
16%
51 %
118
70
2
26%
26 3/4
Jan
9Y« Jan
*14%
26%
8Ya
23
27%
39%
16
7Ya Jan
*14% -14%
39
19% Feb
27
500
,
,
Jan
Jun
9
■
.
68 %
Jan
4
'
6%
13
29
20
Co__—,—
non-cum
U 8 Steel
•
186
*182
6%
Dec
/ Jun
137
114
900
,
Dec
9Ya
1093/4 May 10
33% Mar
8
1
100
19%
35%
105%
Jan 24
Mar
Dec
Jan
Jan
136
Jan
Dec
Jan
22
2
Dec
Dec
285/a
5Ya
10
;—
j—
V 8 Smelting Ref it Mln—
Preferred —*—.—i—
480
,
112
*45%
186
-'26%
800
Rubber
8%
29,600
46
*
90
25%
'
147 Va
46
90
1,900
85
1
:
—
U 8
800
87%
28%
203/4
102%
Feb
13
14% Jun
.
Jan 24
Jan
Dec
Dec
21Va
373/4 May 28
106% Jan 13
Dec
18 3/4 July
15% Mar
102
Jun,29
30% May 28
38% -Jkn 10
100
Playinar Card Co„_^—
Plywood Corp
tU S Realty 8s Impt
7,700
67
85/a
30% Aug 31
.108
Jan 22
v
50
U 8 Pipe 8s Foundry—
3,100
160 3/4
85
13-% July 23
3
25
Aug 20
105% Sep
7
31 Va Jan 22
.
Partic it conv d A_.—.^-No par
U 8 Lines Co
Dec
Jan
43%
11%
104
j
163/«
77
No,p«f>
preferred
July
25
6V« Mar 26
U S Leather- Co.;^—.—par
:
17
6
#' ■■preferred-YL^-.l.-U.i-«k.-4190 m 180 % Jan 17
S Hoffman Mach Corp
1
j.5
135/« Jan 17
U
Dec
Feb
6
44% Sep
7
5V2% conv preferred
tjf.fl industrial; Chemicals
34
13
25
107
10
U 8
7%
18%
*45%
*182
66%
67%
160
18% Mar
7
5
Sep
613/4 Sep
22
100
Y
Oct
5% Aug
14 % Jun
,13% Jan 20
—_—20
:
Jan
6
89 Y* Mar
—No par
;
U S
3
102
2
18
20% Mar
22
66
No par
$6 1st preferred—;——No par
300
,
5%
112
6%
68%
66
146
24%
-
7%
*18
2%
:
49%
Mar 26
38% 'Jan
United Merch & Mfrs Inc.———1
6.400
513/4
13 % Mar
Jan
7
300
4lVa
160 %
*843/4
46
25%
25
*453/4 •47%
Y Y6'Y •6
51%
40
67
71%
145%
3
,
160
1623/4
70%
723/4
72
67
40
2Ya
3
52
37 V4
Jun
32 %
613/4 Jun
2
7
'
46%
11 %
7
Aug 22
7% Jun 18
22
Jan
1
6
109
2
Jan
Dec
153/4 Mar
Aug 30
Sep
7
93/4 Nov
15 Va Mar
3
July 17
Jan
Jan
55% Sep
Aug 20
Jan
5Ya
20
preferred i-—j—i—j
Paperboards
Dec
Jufar
*
27
5%
Nov
3
45 % Sep
4,800
10%
Feb
13 Ya Feb
Prior
13%
103/4
50 %
88% Jun
113
13%
24
5
800
w
593/4 Jan
10% May 28
4,200
9
*111
410
Mar 29
33% Jan 31
3,800
*,
24% July
:5
,700
1,100
10
35
Jan
15% Jan 22
9% Jan
5
U 8 8s Foreign Secur.
192%
*190
190 %
16 Ya
Jan
123/4
7% July 20
* July 26
• 1% Jan
2
100
Coat Cos
Electric
8,000
660
Feb
17 %
10
Engineering it Fdy~k
5
United Fruit, Co—
1——l.Nopar
United. Gas Improvemeni CoY-liVa
50
.
83/4
22
213/4 Jan
22*
1
Dyewood Corp——i
United
105
20
54% Jun
26'% Feb
.»—k———JS
4,500
.
22
30
Mar 31
Jan
Jan
July 19
66
No par
Co_tl
Feb
22 % "Mar 22
preferted^--_.«^Yinr^:No por - /
Drug
-14%
37% July
29% Dec
20 % Jun
109% May 25
par
--—201
Preferred
1,600
109
8%
105
S3
130
87
8%
104%
192%
*190%
Y
1.000
17%
7%
QQ
1923/4
*190%
,
109
17
203/4
99%
.
26%
109
17
106
1043/4
26Va
*
7%
7%
17%
17
19 Va
109
73/»
45
-
108
19%
109
109
7%
45
.
' 109
19%
26%
26%
*108%
21
I
13 %
•
12
,
Aug 21
Sep
Jan
118
United
84
2%
Feb
Apr
Aug 20
Corp
No par
Cigar-Whelan Stores
30c
45 Va
Dec
4%
32 3/4
29
No par
Prior: preferred*
United Corporation
Jan
6a/4
14
116
100
s.
50%
93/a Feb
„
•
July 11
100
preferred—
44 Ya
19
Apr 27
United-Carr Fast
United
2
Oct
123/4 July
7
45 U May
26 Va Jun 25
2
Jun
8a/4
Jan
Dec
8Ya
Jan
4%
Feb
55
2
Jan
Jan
7
8
10 Va Mar
25
100% Sep
117Ya Jan
10
;
United Carbbn Co
2%
23
Jan
5Ya May
.
109% July 13
July 26
xll0%
111%
20%
109 %
100%
—100
Inc
Biscuit Co
453/i,
23/3
.45
•-
preferred^
preferred
conv
23
15Ya Jun
78%'Jan 24
No par
Air Lines
United
-
-
2
Jan
583A Jan
3
14% Jan 24
conv
4%%
:
.600
113 Va
76 ;
5%
United
21
Carb—,—No par
United Aircraft Corpw..M.M.~.9 :
100
,
7
10% Jun
& Paper————No par
—
2,300
10 Ya Sep
3
14% Jan
1
pfd—No par
Preferred $4.50 series
No par
Union Oil of California
25
Union Pacific RR Co—,
100
4% non-ciim preferred
—100
Union Tank Car
No par
13,700
142
,
Union El Co of Mo $5
8,800
42%
423/8
113%
900
105 Va
105%
27%
200
27%
140%
*111%
113%
75
29%
9%
*22
27
27
27%
113%
74%
27%
43 Va
143
138
800
104%
41 Va
136%
*111%
' 27%
•
*32
31
31
6,400
126
♦102
104%
20
.
22%
125 %
*105%
41%
1-37%
403/4
*134
20
-
113%
22%
^
•
126
104V2
-31
7,600
114
*112%
22 %
,
105%
*104%
106
*30%
Union Bag
Union Carbide &
•
22
30% ; 30%
*104%
Underwood Corp
100
114
114
"1253/4
126
126
1,800
9,500
99
112%* 112%
22 %
22 Vs
22%
22 v«
125
*1123/4
Co
21
69
20%
100%
Coach
69
69
20 3A
20 %
97%
*1123/4 -114
*112% 112%
113
*ii2ya
68%
69
20 V4
,
No par
No Par
preferred
prior pfd
Twin
16
Jan
10% Mar 22
18% Mar 28
3
101V2 Jan
26% Mar 21
34Va Mar 27
May 22
102
9%. Jan 3
114 ; Aug 24
No par
City .Rapid Transit
No par
2nd preferred
;—i—
100
4,400
19%
19%
19 Va
18%
'
X96%
1123/4
1123/4
19
•
1
100
:
Corp
Twin
110
122
Jan
103
*
1
19
$1.50
110
Corp—1
preferred
;
C'en Fox Film
6
26
18 Vs
5
No par
No par
RayOn
4% %
20th
12,500
36%
*104%
11%
,
120
Tubize
:
29%
36%
36%
109
3,700
30%
107
11% Sep
Dec
33% Jan
33% Jun
10
.1
Truax-Traer
600
2
34 Va Jan
Apr
50
No par
.'•$6 preferred
Corp
140
-
13%
29%
*104
29
36%
.16,600
109
13%
30 %
*104%
7%
7
St'l
Tri-Continental Corp
*
107
28 3/4
122
.
109
13 Vs
13
30
36%
11%
7
108 3/4
% Jan
31Y
- 16%
XIOIV2
2
5
Transcont'l & West Air Inc
Transue & Williams
Jan
10 Va
13
45
xl06%
4%
No par
Transamerica Corp—
4,700
*104
109
122
'
44 %
6C%
50
-
48%
28%
36%
.
101%
x433/4
61%
*22
13
*104%
109
.X101%
44%
6,300
13
30%
283A
36%
35%
1013/4
59%
900
.
,
Apr
273/4
53 % July 24
50
preferred
conv
43%
6%
:
1——
101%
' 107
*104
28%
*104%
18
"108 3%
29%
30
107
28%
493/4
7Vs
108
13'
29%
*104
49
div
26%
7
125
x93%
9%
100
100
1.
^Third Avenue Transit Corp .-No par
Thompson (J R)_
*—25
Thompson Products —-—No par
4% preferred
-—100
2,900
173/4
108%
6%
7Va
108
108
190
7
$2 Va
9
33
83/4 Apr
No par
-
preferred
preferred
Co
38% May
36% Sep
6Va
36%
18 Va
13%
303/8
143/4
443/4
Thompson'-Starrett Co,*.,—No par
$3.50 cum preferred—
N( par
Tide Water Associated Oil—, —10
$3.75 preferred
No par
Tlmken Detroit Axle
10
.
22%
:
3,400
.
108
Y*48%49
17%
17%
48% : 48%
49%
22%
55%
*107%
6%
108
6%
433/4
583/4
13%
43%
t59
543/4
-6%
.108
6%
48%
17%
102
102
44
43%
58
*15
preferred
conv
Thermoid
500
56%
1%
6%
58 Va
10 %
107
,
-
573/4
15%
•
The Fair
200
102
8,900
57%
6%
100
*
10%
140
.
13%
10 %
107
$3.60
13%
57%
63/4
250
13%
X13%
10%
107
55 %
*98%
*14%
107
Thatcher Mfg Co_
Highest
0 per share
27 y« Jan
6
48%
100
—Na par
No par
Co
Texas & Pacific Ry
19J/2
*138
139
139
(The)
700
800
103/4
11
*10 %
139
*98%
102
*98 y*
103/4
*9%
139
139
5% pfd_100
25
Producing new—
1
Sulphur—,—
No par
Texas Pacific Coal & Oil—.,
10
Texas Pacific Land Trust
1
9,700
■
_-._-_---.-5
Texas Gulf
55%
55%
11
*9%
*138
16s/a
41
5
Gulf
Texas
3,900
-
19%
Y
55
".*18%
213/a
16%
41
Texas Co
4,000
.
per share
7
Apr
7%
«%
11/4
lOoVa
8
—,
Corp
Tennessee Gas & Trans
3.500
20s/a
16%
41
15%
*40 %
42%
20%
7%
44I/4
7V2
—1
Talcott Inc (James)
9,500
53
433/4
43%
21%
43%
22 Vs
:
42%
21%
Y-
41
7%
34% Feb
31% Mar 21
Symington Gould Corp
180
108
103
V
53
7%
7%
14 y8
14
108
/
108
108
8%
4
I per than
6
29
No par
Sylvania Elec Prod's Inc
Lowest
Y 7
International Ltd
Swift
Highest
than
30% Apr
Telautograph Corp
34 Vs
Lowest
9 per
Far a
»
34
32%
i
e
EXCHANGE
the Week
Sep. 7
Sep. 6
t per than
than
January 1
Range Since
STOCK
NEW YORK
Sales for
Friday
Thursday
Sep. 5
v
than
Range for Previous
-'•Year 1944
;Y:.i
STOCKS
LOW AND man BALE PRICES
Wednesday
Tuesday
i per than
Monday, September 10,1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
V
16
42
100 7
120
Mar
2
163
100
145
Mar
5
Jun
12
50
25% Aug
38%
Feb
63
Aug
Nov
37
Jan
45
Dec
113 Va
Jun
120
38 Ya Nov
33
Apr
102
Jan
125
149
Feb
155
Oct
July
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
RECORD
LOW AND HIGH BALK PRICES
Monday
Saturday
i
share.
t per
Tuesday
Sep. 3
Sep. 1
per than
STOCKS
Wednesday
Sep. 5
Sep. 4
9 per share
Thursday
Sep. 6
9 per snare
Friday
Sales for
.
9 per than
t per than
*65%
—
™
"
—
'-.—
V.
.
—
67
67
15%
153,4
343/4
345/8
153/4
343/4
108 %
108 Va
109
—
Par
'
\
193/4
193/4
19 34
12%
12%
123/e
12%
12%
12%
12 5/a
12%
60
19%
123/8
12%
2
2%
71 %
/
193/4
1%
2
•
66%
18%
17%
39
663/4
39
18%
19%
*27%
67%
"17%
18
41
*18%
18%
19
*27%
28
66
28
1
67%
[
500
18%
19
2,200
28
28
28
200
——
22
22
x21 %
22
22 %
22 3,4
22 3/»
23
39
39
38%
38%
38&
38%
38%
383/4
,
——
10%
10%
10
10%
9%
10%
9%
10
>
33
33%
*86%
—
87
29%
— —
—
32 V4
•
*86%
303/a
106
323/4
87
107
33
*86%
303/8
29%
106
32%
32
87
30%
107-
87
30%
>
109
313/4
109."'
109
115%
116'A
■"
II6V4
115
116
106%
106 %
*106
107
114%
™
114%
11434
1
™
——
—
*30
—-
—
110
1143/,
*114%
1143/a
30
30%
293,4
*109
110%
114%
110
25
25
471/2
477/e
*24%
■
110%
30%
$4
i:
110%
r
*109
26%.
25%
26
46%
47%
9%
9
9%
25
24-%
24%
25
25%
47%
48
48
48
86
86%
86%
48%
461/4
47%
47%
48%
8.200
2b V4
*28%
*331/2
,291/4
Western
Air
Western
29%
*28 %
33%
33%
34%
34%
34%
36%
35%
36%
35%
36%
43%
43
43%
43
43%
341/4
341/4
34%
34%
*105
IO51/2
*70i/s
1031/2
40%
40%
96
105
106%
*103%
104 %
103%
103%
39%
39%
X39%
39%
X96
96%
96'A -96%
*25
90
*33 *
*33
8%
8%
231/2
23%
99%
15%
99%
17
>8.1/4
17%
13%
*99%
99%
99%
18
18
46%
47
99%
18
18
46
*29%
31
*30
46%
-
40
47
700
48
58
58
58%
58%
93
92%
92%
93
93
*91%
*91%
95
921%
92%
*91 :
*80%
81%
*74»/2
77
58
58
.—No par
No par
250
'
Elec
Instrument
12.50
*
No Par
preferred™™
No par
$4.25
preferredNo par
Wheeling & Lake Erie Ry„
—100
,'5%% conv preferred
100 '
.Wheeling Steel Corp
No, por 6
$5v«onv prior pre!
No, par
White Dental Mfg.(The S S>—.20 '
/
93%
Oil
Co
18%
19%
25
113
Dec
Apr
103
Dec
113%
Apr
118%
Sep
Jan
July
Feb
16%
103
28
110
Dec
$6-preferred
^
Wilson-Jones
No par
....
200
Prior
100
'
10
(F W) Co
No par
,
pfd 4%% series™...
'Wm>
jr
ctv»1)
No
128
'
—.10
Dec
66%
Dec
Feb
53% July
22%
Jan
31% July
21
Apr
31%
2
22% Jan
16
29%
Dec
6
25%
Jan
32
July
Jan
111
Dec
113% Jan 17
110% Apr
5
105%
19
59%
15
97%
Jun 26
Jun
66%
16
j
Jan
31
.
5
13
Feb
Jan
>87%
Oct
Jan
31%
Dec
9%
Apr
4%
9% July
Feb
8
29% July
Jan
6
,
Jan
.v
20% July
11% July
99% Nov
80'A Jan
10% Jan
14% July
Sep
123
125
Sep
26
19%
Apr
24
48% Jun
1
59% Apr 17
93
Aug 28
36%
Jan
44%
Oct'
20%
Jan
41%
Nov?
4T%
Jan
82 Va
Nov
49
Jan
84
Nov
69 %
Jun
91%
Dec
58
Apr
V 74%
Nov
13
Dec
14
Deo
July 17
99 % Feb 27
79
Sep
7
20% Jun 28
Jan 22
Dec
July
Jan
94
9
Dec
5
24
5
Jun
22
20
132% May 24
Jan 24
69V2 Mar
Sep
'92%
Feb
.
34%.Aug 29
>6
Jan
18
15
10% Jun
Feb
x64%
lj8% July 13
94
July
ft)4% Aug
32%
20%
96% May 14
26% Feb 15v
?
77
Jan
43
Dec
107% Nov
Feb
107% Jan
f
36%
101% May
Feb
78
6
40% Jan 24
38
Jan 15
79
Jan
3
Dec
34% Sep
Jan 30
75
S
31%
Dec
35% Sep v 6
80
pa*
Dec
41
36 % Feb
22
8% Jan
3
83% Jan 15
13'% Jan
—10
pfd
Jan
65
Jun
16%"Mar 26 ■■■?-' 26% Jun 25
10% Jan
2 .
16
July 13
97% Jan 15 / 103% July 12
'
——No par
,
Co__
Wisconsin "El Pow Co 6%
*
7%
29%
27
29% May 25
7
Aug 23
y
Dec
34% Sep
7
37% May 17
50% May 17
July 18
Aug
37 %
50% May 29
30
Jan 23 /
6% Mar 26%
1
Motors.—.™,
Wilson & Co Inc—
Wyandotte Worsted Co
24%
102%
Feb
85%
July 13
37% Jun
Aug 21
Jan
6
26% Jan
-
—.5
-
900
18%
113
2
31% Jan 24
87% Jan 24
21% Jan
9
1
18
24%
10
Jan
Dec
96%
July 18
July 13
108% July 12
118
Apr 16
31% Jun 26
7
Jan
83
117
64 >Jan 19
101% Aug 21
preferred
—,—No par
preferred—™—
—20
wrtgrittv
18
109
8
108 -July 23
105
.
$4-conv
250
24%
,
37% May 12
30% July 26
27"% Feb
3
_12%
400
25
8
26
Jan
Dec
Dec
28
43%
26%
27%
31%
79
18%
•85%
Feb
18
83
241/2
Jan
18%
57% July 10
78%
18%
77
14
92
83
41%
28
87
Jun
2
78%
41%
Feb
34 % Jun
Dec
31%
2
83
41%
25%
64% Jan
92%
41%
10% July
Jan
30%.Jan
81
41%
Jan
22 %
6% July
92%
41%
6%
4
16% July
Worthlngton P & M (Del)
200
>4 ,18%
2
33% Sep
Apr
;77
18%
11% Mar
2
Jan
77
18
May 10
Jan
3%
81
18
22% -Dec
Apr
26%
*741/2
18
Aug
18
| 80'/a
18
25
26
100
Prior pfd 4 %% Conv series—100
Wright Aeronautical
No par
18
Apr
28
Woolworth
400
93%
(
22%
8
Jun
Woodward Iron Co
8,100
58%
Aug
Jun
.
100
47%
v
■>
28
14% Jun
Wlllye-Overland
1,700;
30
*911/2
.531/2
7,500
18
Aug 24
30
-Wilcox
r
30
30%
t;
19,700 :•*
100
,
Dec
20
50
Prior
*132%%
*132%
36%
13
White Sewing Mach Corp—1
>
.•
1,500
16
,
July
Feb
22
ioo
23% : 24
15%
May
15
22%
22
4% Jan
13% Feb
White Motor Co™^
-
'40
,' 8%
24
17%
31
'7%'
15%
*1321%
*.291/2
-8%
-
32%
99%
1
*8
—
1,500
92
33%';-33%
34%
.
'
5,200
15%
/
,
.
500
;i5%
23
►1321/2
*33
15
*88
62
Apr
Aug 30
Jun
17% Mar 27
$4.50
'
•,360
35%
x35
"
15%
90 "
Jan
11%
41
32% Jan
Weston
1(600-
25%
23%
•
•
16
,15%
34%
7%
*
35%
15%
45
18% Jun 25
70
22% Mar 21
>.
130
'97
25-%
90
91
*96%
26
34%
15
14%
*90
34%
25%
35
34%
14%
90
V
-25%
„
Aug
Jan
106
.
40%
40
2%
15%
113% Sep
1
Westvaco Chlorine Prod
-
73%
103%
Jun
11% Mar
Feb
23
101
>
"
700
1120
*105%
1%
10
Preferred
180
1*70%
.
"14%
105
17
19
109% Jan
No par
Westinghoiise Air .Brake™
400
73%
34%
34%
105
•;
2% Apr
10%
Jan
24% Feb 20
100% Jan
100
pfd™—100
Westinghouse Electric Corp
■34%
*70%
,
8
84% Apr 12
23% Mar 26
1
Class B
35
18
Western Pacific RR Co com—No par
Preferred series A
100
-
7;300
108 i/a
34%
108
103%
,
25%
.
34i%
108%
73%
96%
*25
105
35
35%
34'/4
*70%
;
73%
103»/a
35
*108
X20
17%
Jun
100
100
,690
*107%- IO8V4
Jan
7% Jan
14
Nov
39% Feb
9
Supply Co
Maryland Ry
non-cum 2nd preferred
4$>
25,100
43
,
68
Western Union Teleg class A_No par
35%
34%
Feb
3
24
Inc
48
12% Aug 27
Mar 26
,
30% Jan
100
Lines,
Nov
20% Feb 24
rMar26
20
X105
2
15
No par
No pat "
—
*
Dec
108% Nov
6
2
Jan
2
'
Auto
331/0
108
"
5
Western
*2bV4
34%.-
108
5
-__I
preferred—
500
29%
*33%
"
-
Power, 4%%
1,700
33%'
.
par
8
16'
Apr
Jan
Jan
13
21
'Apr 27
72
29% Apr
9
14% Aug 21
24% Jan
2
5
preferred
3,400 V
36%
431/2
5
Inc
19%
8%
9%
1%
Jun
May
110% Apr
57% Jan
-
50
preferred———
6%
•
:
900
47%
46%
•
No par
West va Pulp & Pap Co
1,300
86
<
ape;
,
par
Indies Sugar Corp
■'6 &
r
1,100
48
F5%
Aug 21
61%-Mar27
No par
;
Tobacco
West Penn
10
46%
par
Pictures
77
105
>•
-
1,200
8%
47
49
P53/4
Bros
conv
West
220
46%
Dec
31%
'West Peiiii Electric class A—No paf "
7% preferred™,
100
10
r
Dec
14 %
Apr
No
/
300
29%
68
Jan
26%
Wayne Pump Co
40
i
Jan
10%
35
No par
Wesson Oil & Snowdrift
,
40
16% Mar 10
24
Waukesha Motor Co
5,800
\
2
10
30% Jan
No
Webster
1
107%
114%
Jan
13% Jan
No par
f
i
66
Washington Gas Lt Co
•
700
25%
23%
48
.431/4
sharo
100
No
s
2,200
1133/4
30
*109
9
48
36
Highest
I per
par "
Warren Fdy & Pipe
Warren Petroleum Corp
1^500
25%
8%
25
*28»/2
32'/2
*106
Co
preferred
Warner
►
46%
46
9
24%
-
107%
30%
9
115
*106
G & W
4,500
1153/4
'
———
1
33
*86%
30"%
*108
$7
23,700
t
18%
*273,4
<Hlram>
Dlv redeem preferred
8,200
18
'
mm mm
——
1944
9 per share
par
100
Ward Baking Co ci A
-Class B
39
17%
m.~
«...
Year
f per share
No
Waiwortn
38%
•••.
1
I per share
Lowest
No
preferred
Walker
11,300
i
'
18%
4%
200
40
*39
preferred
1.300
<
2
2
4%%
7,000
1
'
653/4
17%
— —
71%
71
*19
2
2
653/4
40%
,r
70%
RR
System
Walgreen Co
1,400
12%
65%
——
Waldorf
71%
*108
12%
——
——
Wabash
800
13
-
— —
'71
260
700
■
12%
■
13
™
—
—
108%
67%
15%
19 Va
.
Range Since January 1
Highest
Lowest
Share$
34%
108%
34%
703/4
121/4
—
*108%
67%
15%'
-,
7C%
—
—
>
«...
67
15%
34
*19%
™
__
■
*65%
15%
34%
*108
™
™
■
1
67%
15%
™
— —
-
EXCHANGE
W
343/8
—
——
—
—
Range for Previous
NEW YORK STOCK
the Week
Sep. 7
e
—
1187
July,
Y
'
..
52%
54
53%
52%
X42
42%
19%
19%
10,100
25
1,900
54%
54%
105%
105%
105%
105%
26%
26%
26%
26%
27%
38%
38%
38%
38%
387/e
38%
39
10%
11
10%
107/a
10%
10%
10%
10%
prices; no sales on this day.
106
tin receivership.
Deferred delivery,
a
Transactions at the New York Stock
n
Youngstown
5%%
Sheet & Tube
preferred series A
Steel Door
5,900
1.700
Zenith Radio Corp—
.No par
26,600
Zonite Products Corp.
1
New Stock,
r
Cash sale.
•
Week Ended Sept. 7, 1945
Total
Government
Bond
Bonds
Sales
Total
Foreign
Bonds
$3,005,000
$406,000
$21,000
3,775,000
214,000
19,400
5,783,000
357,000
67,000
5,292,000
239,500
55,000
5,586,500
$17,855,000
$1,216,500
$162,400
$19,233,900
July
July
July
July
Nov
Deo
44% July
6% July
3% Jan
y Ex-rights.
Thursday
Friday
22,000
1,000
339,000
21,000
1,000
396,000
468,275
i
316,000
374,000
266,000
42,000
11,000
319,000
$18,000
$1,466,000
$126,000
$1,322,000
1,542,010
Total.
1944
$117,200
$4,999,450
-67,5731060
1,650,015,600
$4,643,400
'78,130,500
1,886,034,500
$31,748,900 $1,722,588,110
$412,000
352,395
425,465
Wednesday
Jan. 1 to
Sept. 7
1945
185,492,500
247,147,298
Total
$5,000
$41,000
$366,000
295,875
Tuesday
Week Ended Sept. 7
4,449,440
$1,968,808,400
•
Foreign
Corporate
Government
Holiday
Holiday
1944
1945
1944
1,542,010
1,184,475
75,131,383
48,319,707
$1,322,000
$2,336,000
Stocks—No. of shares.
Bonds
Bonds
U. s. Government
$ 162,400
—
Foreign
Railroad & Industrial
1,216,500
1,983,000
17,855,000
Total
•
Jan
Jan
Apr
Jan
Bonds (Par Value)
Sept. 7
19415 V
1944
4,751,290
—
Jan. 1 to
Sept. 7
1945
Stocks—No. of shares
33%
Foreign
Domestic
Shares)
Sept. 7,1945
Monday
6,207,000
Week Ended
x-Ex-dividends.
oi
Week Ended
4.008,400
1,376,400
1,326,410
4,751,290
Jan
11
(Number
$3,432,000
978,150
...
15
42
Saturday
1.070.330
—
Feb
12% Jun
36%
15%
20"%
42%
106%
20%
27'% Mar
9% Apr
14%
33%
96
13
Stocks
United States
Holiday
Holiday
Monday
Tuesday
Wednesday
Thursday
Friday
19
26
34% July 26
5% Jan
2
wd When distributed.
Special sales,
42% Jun 13
19% Sep
7 /
25% Aug 28
54"% Sep
7
110
Mar 21
27% Sep
7
17
22
Daily, Weekly and Yearly
Railroad
Bonds
Jan 24
Jan 13
Jan
Jan
Jan
Mar
Transactions at the New York Curb Exchange
Exchange
and Miscel.
Stocks,
of
Shares
,
Youngstown
Daily, Weekly and Yearly
Number
32%
13 %
19%
39 %
105%
20
28
1
No par
No par
100
No par
Oo
Corp
Young Spring & Wire
320
25%
York
9,400
*105%
26%
38%
asked
54%
105%
26%
and
53 %
105%
•Bid
Yale & Towne Mfg.
1,300
24%
'
29,648,700
$19,233,900
'
Domestic
126,000
Foreign governmentForeign corporate—
,
88,000
18,000
82,000
$1,466,000
Total:
$96,009,000 $126,378,500
25,626,000
7,457,000
771,000
926,000
$2,506,000 $122,406,000 $134,761,500
'
y
' '
;■
■
y-
i
.
New York
Stock And Bond Averages
•
Below
listed
on
of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
the daily closing averages
are
-Bonds-
-Stocks-
Second
First
30
Date—
II
Total
10
Indus-
Sept.
Sept.
Sept.
Sep.
20
Rail¬
Utili¬
65
Indus¬
Grade
Grade
roads
ties
Btocks
trials
Ralls
Rails
-
trials
:
1
3
4
I
1
5
Sep.
6
Sep.
7__
:
173.90
174.24
—
/
10
Total
Utili¬
40
ties
R!d
:
Bank of New York
100
15
10
Chemical Bank & Trust
41%
Trust
58
Bank
33.23
64.30
106.19
113.91
95.75
108.32
106.04
Continental
33.28
64.29
106.22
113.90
95.61
108.17
105.97
Corn Exchange Bank & Trust.20
105.85
105.73
175.96
55.80
33.75
65.07
106.27
113.86
95.20
176.61
55.46
33.76
05.12
106.31
113.60
94.94
108.07
&
Trust—10
55.20
54.90
50
Empire Trust
Fiduciary Trust
First
National
,
Bank
100
48%
51%
23 %
25%
56%
58%
93
97
33%
35%
1,845
1,905
10
*
25
Manufactures Trust Co com__20
Ask
210
yl90
342
17 V2
46
593/4
100
295
352
18
Va
1,850
49
•61%
43
301
25
103 V2
106 Va
"Panic & Trust„17%
4R%
*8%
78
81
Sterling National™
ritfe
190
12%
(J P) & Co Inc
National City Bank
New York Trust
onbH" Nflf'l
•
100 1,800
Lawyers Trust
43Vs
60
i00
100
Morgan
20
Co
.100
Grace National
.123
116%
Bank™
Trust
Guaranty Trust
Irving Trust
Kings County Trust
48%
118
113%
Bid
Par
Fulton
452
46%
100
Central Hanover Bank & Trust 20
National
440
Knit
31%
.—10
-
Brooklyn Trust
Chase
29%
Commercial National Bank &
Holiday
108.10
Bonds
Holiday
Holiday
Holiday
,
Bank of the Manhattan Co.—10
Bankers Trust
10
10
City Banks & Trust Cos.
Par
>
ijuaruuice
<b
United States Trust
Trust-.!
.
12
12%
100 1,505
13%
1,565
Bond Record
New York Stock Exchange
cc»
friday
The Italic letters in the column headed
Monday, September
10, i94s
CHRONICLE
THE COMMERCIAL & FINANCIAL
"Interest Period" Indicate in each ease the
RANGE
yearly
weekly
-
month whan tti# *nnda mntureWEEK
FOR
SEPTEMBER 7
ENDING
'
Friday
BONDS
Exchange
Last
Sale Price
3%s
Treasury
Treasury 3 Vis
Treasury 3s
Treasury 3s
Treasury 27/aS
(
Treasury 2%s
Treasury 2%s
2%s
Treasury
Treasury 2Vis
2%s
2Vis
2%s—.
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2 Vis
2Vis
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
—
June
Dec.
Treasury ?Vis
June
Sept
Treasury 2Vis
2Vis
Treasury 2 Vis
Treasury 2Vis
Treasury
Treasury
2 Vis
Treasury
2'As
i
Treasury 2'As
Treasury 2s
Treasury 2s
Mar
Dec
Jun
Sep
Dec
..March
—Sept
...
2s
Treasury
Treasury
2s
Treasury
—
2s
—
2s
Treasury
Treasury 2s
2s
Treasury
Treasury 2s
Treasury 2s
June 15
Dec 15
1
Treasury 2s
Treasury
2&
2s
Treasury
l3As
Treasury
-
1954-1956
1956-1959
1959-1962
1947
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
1950-1952
1951-1953
1951-1955
1952-1954
1952-1954
1953-1953
June 15 1948
1950
l%s
Treasury
108.14
109.24
103.27.
103.20
External
101.22
101.24
101.30
102.1 1
J-D
*108.28
el01.29el01.29
3%s Series No.
No.
3%s Series No.
17
Series
No.
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19
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'
23
Series
No.
24
*60%
67
-
*60%
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No.
27
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No.
28
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No.
29
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Series
No.
30
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105.21
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102.9
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1
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102.2
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♦102.22
__
II
102.24
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102.31
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*106.1
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*101.16
101.18
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101.8
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bonds
.1984
J-J
*68
■77
30-yr 4s
.1960
A-0
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.1967
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.1968
M-N
10X5
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117%
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46
15
1958
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.1954
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.1942
.1942
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s
f 7s
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.1960
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6s
1961
f
s
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Jan
A 6s
1961
1961
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A 6s
.
^
Chinese
of
.1963
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1961
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sink fund
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fund 6s
1948
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1968
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90
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P-A
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61
62%
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79
82
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1943
J-J
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39
35
38
s
f 7s series B
1943
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1943
36%
35
f 7s series C
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1943
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s
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34
1957
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s
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40
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A-0
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31
30
33
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30
30
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35
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s
f 7s 2d series—1957
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sec
s
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Antwerp (City) external 5s
1938
Argentine (National Government)—
S
f
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8
'
f external 4 Vis
8
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f
extl
8
f extl
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loan
conv
conv
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s
s
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s f 6Vis of 1926
941/4
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95
32
105
104
% 105V4
102%
1021/a 102%
17
100
25
M-N
100%
M-S
——
1955
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—
102 '/a
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—
108
108
1941
J-D
70
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I
1978
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1957
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14
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3Vis Series No.
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*
63%
54
—
.
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s
'
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-1943
1942,
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—
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5
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18
18
26
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69
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49
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■
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Mexican Irrigation—
A4%s stamped assented
Nov.
8
.
.
1934
18
A-O
-1964
-1952
(State Mtge Bk) 7s_._1?)57
(Colombia) 6%s
-1954
to
*
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-
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—
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A Jugoslavia
A Assented
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16
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16
60
106%
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108
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,
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16
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A-0
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96
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—
22
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98
25
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100.
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27
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94
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M-N
30
14%
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'
12%
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66
66
For Financial Institutions
69%
FOREIGN
64
3
19%
1945
Mendoza
69 y4
19%
19%
18%
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194Q
Irish Free State extl
1
52
SECURITIES
FIRM TRADING MARKETS
68 %
68
'
Series
No.
12
/'■
52
3Vis
Series
No.
62%
62%
63%
11
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62%
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67%
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60
72
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--
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75%
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.
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,
-1967
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19%
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—
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.1949
52
;
63%
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——
'
-1940
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part paid(Republic) s f 6s series A.
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59%
66
—
5 Vis
Haiti
103
17%
57%
•'I
70%
sink fund
A6s
105 %
57%
52
series
A7s
107 %
59%
v>
69%
1955
(Rep of) ext 6s
Greek Government—
r.'
1979
c
.
7s
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3
5%S
Finland
1001/a
•AM*
66
70%
:
ft% funding bends of 1931
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V(
1978
95Vi
gold
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French Republic 7s stamped
103
18%
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A Estonia
100%
i>temped pursuant to Plan A
&
99%
60
69
%
—
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100
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*
33%
101%
90'/a
26
M-S
Stamped pursuant to Plan A
(Int reduced to 3.375%)
Ry)
1953
Customs Admin 5%s 2d series—
-1961
5Vis 1st series
-1969
5Vis 2d series
-1969
105%
90
22
J -J
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal s f 6%s of 1927
(Central
J-D
External gold 4Vis
-1962
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1942
8 A 1st series 5%s of 1926
II -1940
8 A 2d
95
94%
1955
-
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100%
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Btamped pursuant to Plan A
cN 'i
51
1949
f 7s
k.'
86%
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1958
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~1
M-N-
1957
external 8%s
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t
IABrazil
30
99%
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30
5
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1972
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Uelgium
•
1972
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of
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—
1971
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1977
193/4
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1949
debt-
1942
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series
.1949
4Vis
wks 5 Vis
.1945
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-1952
IA Denmark 20-year extl 6s
71%
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M-N
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20
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1953
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1947
4s
1952
1951
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ii£lng of Norway)
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>
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s
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.1961
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120
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19%
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-
20
.1961
;
Chilean Cons Munlc 7s
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Members New York Stock
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IO51/2
19%
.1957
...
assented
Colombia
19
■>
J-D
assented
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REctor 2-2300
105%
36
"
20
L. .1957
fund 6%s
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''
*
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I" .1962
II .1963
sinking fund 6s
69
J-J
.1962
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assented
A Sinking
Wertheim & Co.
102%
103%
5
v
M-S
AGuaranteed sink fund 6s
Telephone
106%
101%
J-J
Sep 1961
Sep 1961
assented
II
F-A
Jan
assented
sinking fund 6s
AExternal
Foreign Securities
1061/4
102%
—
18%
F-A
1961
*45
A-O
Feb
fund
assented
AExternal
A
102%
15
•
103% 104
A-O
sinking fund 6s
sinking
a 6s
A
108%
M-N
103.6
122
106%
*103% 104
jan
111%
103%
103% 104%.
103%
76
1091/4
■
103% 103%
J-J
A6%s assented
'■■■■
103 Vi
15
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63
~2
-
1953
■...
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-
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110% 111
110%
Jan
Ally external
101.10
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83
V
*101% 101%
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94%
6
.
.
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80%
.
.
1948
a6s assented
10"ll9
__
93
80%
1
-
.
15
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106.3
II
92
:-
Jan
103
100.13
31
M-N
^7s assented
103.3
100*. 17
.1973
95
~4
94
3s
103.4
102.31'
102.31
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102.10
__
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f $
s
(Dom of)
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103.2
100.25
2
103.1
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3s
103.4
102.21
102.25
*102.31
10L29
88 %
90
3 Vis
102.27
102.20
/
103%
80%
87%
90
.1961
external
AExternal
102.24'
M-S
.1970
ACarlsbad
102.23
lOl'/a
102 %
95
3s
104.24
97%
100%
1
3s
101.12
103.28
102.9
104.24
„
102.21
M-S
L:
30-year
103.28
34
__
102.5
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88%
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30-year
102.30
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M-S
.1976
s
*21/28
102.9
100.18
*102.28
J-D
.1977
f 4%-4%s
s
25-year
104.9
100.27
68
95%
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*95
f 4%-4Vis
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104.12
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102
—
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101.24
100% 100%
*100% 101
.
External readj 4%-4%s
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102.3
J-D
J-D
,
F-A
1950
gold 6s
100%
M-S
1958
67
53
69
(Province of)—
Refunding
22
1957
66
52%
*60i/e
stamped
i External
M-S
1
.1991
fund
51%
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(City) s f 5%
Sinking fund gold 5s
102.17
100.17
:
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103.4
68
61
Series
105.25
65%
64%
3%s
*106.30
67
52
51%
*60%
3 Vis
*107.8
68
51%
26
105.1
-*105.23
68
51%
No.
100.19
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671/2
51%
1
Series
*104.31
MS
66 »/2
51%
17
61%
(
25
*100.17
MS
10
.
No.
M-S
J-D
52
61
Series
AChlle Mortgage Bank 6%s
A6Vis assented
1980
■V
*60%
J-D
100.28
-
66
61 &
61
61
3%s
City
Corporate 8tock
3%
No.
113.2
Unification Issue—
Transit
v;
Series
20—
3%s
■;'y
York
New
22
114.13
107.23
"5
21
No.
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107
61.
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~X
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113.12
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67
51%
51%
51%
61%.
Series
*113.10
J-D
67%
67%
*60%
—.
3%s
107.15
51%
61%
,,
-
Series
112.21
114.19
3
;
64%
3%s
113.7
:
;
High
51%
59
r62
3%s
110.15
Low
10
;
*591/8
Series
J-D
!
r62
61%
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106.11
108.27
107.1
-
3%s
*111.26
—■
M-S
Series
3%s
Low
61
16—
t
;
Range Since
January l
Sold
No.
61
15—
108.30
J-D
/
3%s
102.4
•
J-D
Bid & Asked
(Continued) —
bonds
$
Bends
-
Sale Price
(Continued!)
Brazil
High
No.
Low-
102.8
*
M-S
1949-1952
1946-1948
1951-1955
1955-1960
1945-1947
1948-1951
1951-1954
1956-1959
1958-1963
1960-1965
1943
1948
1949-1953
1950-1952
1952-1954
1956*1958
1962-1967
1963-1968
1964-1969
1964-1969
1965-1970
1966-1971
1967-1972
1967-1972
1951-1953
1952-1953
Treasury 3Vis
*107.13
A-0
1847-1981
1946-1958
1946-1949
Treasury 4 Vis
'
Low
107.15
High
U. 8. Government
Friday Week's Range
I'-I.or Friday's
•i/.Xast
High
Period
January 1
Sold
Bid & Asked
Interest
New York Stock Exchange
Range Sinee
Bonds
Friday's
or
-.W-~
bonds
Week's Range
Interest
Period
New York Stock
pnr
Series
footnotes
No.
see
—
13—
--
14
page
e60%
4
V
■
75
75%
1
75%
5
75
51%
1
.
r.arl marks & no. inc.
foreign securities specialists
75 Vi
52%
75
52
1
75%
68%
76
*60%
64%
52%
70
51%
66%
51%
66
51%
so Broad St, New
York 4, n. y.
68%
*60%
08
60%
60%
eOO'/B
61%
..
V
2
7
u.
'
Telephone HAnover 8-0050
Teletype N. V. 1-971
1192.
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y
•
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*'
v.
.'
jr Xtt-'-x-Jt :
*.
1 •l
)
t
•
to i" >
.1 r J
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
BONDS
Or,,'
,
Friday
Stock Exchange
New York
FOR
WEEK
Interest
Last
Period
Sale Price
Friday's
or
Bonds
Sold
5s of 1899
A Assenting
Assented
a
1899 £
extl os 01
to
Nov.
Low
5,
1942,
agree
AAssented
to
to
1954
1942, agree
1910—,—.—.1945
Nov. 5, 1942, agree
1913 assent
j A Treasury 6s of
AAssented
Nov.
5,
1JJ33
1942,
(State)—
A Sec external s f 6y2s
Mlnas Oeraes
agree
"
,
;
Bell
-.1959
Stamped pursuant to Plan A
(Int reduced to 2.125% )
(City)" 7s
BONDS
External
f
s
External
Atchison
sink
fund
4s sink fund extl
1965
f 5s
s
Conv 4s
Conv
(City) sink fund 4Vis
1950
(Rep) extl s I 5s ser A. 1963
Stamped assented 5s
1963
Stamp mod 3 Vis ext to__
1994
(State of)
7s
APeru
a
(Rep oi) external 7s_
Nat loan extl s f 6s 1st ser
A Nat
Loan extl
§ A Poland
A4
A
;
f 6s 2d
s
of)
(Rep
gold
A External
1958
Baltimore
a4Vis assented—
..1963
Alegre (City of) 8s
1961
pursuant to Plan A
(Ipt reduced to 2.375%)_—2001
8s
to
A 8s
A
2012
4s
Bell
2.25%)
sink fund 4s
1964
:c
r
(State)
8s
!
extl water
loan
1968
f
s
*129% 130 y2
102
*io7y8
1955
106
*105
1st 5s A C
series II
M 5s
4%s series JJ
99%
72%
101%
104
—
>
105%
107%
104
107%
106%
98
103%
69%
67%
63%
105
80%
84
,.v
106%
105% 105%
*106%
103
108
106
99% 1001/4
71%
72%
69
105 y»
102
98%
102% 102%
129% 13iy4
100% 102,'
_.
108%
106%
1947
107% 107%
107%
110&
.—1969
1969
106
105%
105% 105%
108%
107%
106
_„_198l
109
C—1967
*„
109
105%
109
109
•
.
107%
111%
107%
1960
Bush Term Bldgs 5s gtd
Stamped pursuant to Plan A
(Int reduced to 2%)—
..2012
IA Secured
—
98%
86%
Stamped
modified
(interest at
3% to May 1, 1947) due
1957
(Burlington Cedar Rap & Nor—
§ A 1st & coll 53
1934
A Certificates of
deposit—
Bush Terminal 1st 4s._
1952
Consolidated 5s.
1955
1950
1956
extl dollar loan
86%
92
92%
*102%
;
Buffalo Niag Elec 3l/2s series
Buffalo Rochester & Pgh Ry—
Stamped pursuant to Plan A
(Int reduced to 2.25%)——2004
A 6s
*102%
1956
1967
2y4s
Loan
Buffalo Gen Eiec 4y2s B
Stamped pursuant to Plan A
(Int reduced to 2.5%)—.—1999
A 7s
92
92%
1950'
Indus
4s s f debentures
2012
.1999
_
92
92%
1951
Bklyn Union Gas 6s series A
Gen mtge s f 3%s
.1936
external—
1951
—1951
1961
1st mtge 4s series RR
1960
AInc mtge 4y2S ser A
July 1970
( A Boston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3%is
1960
Bklyn Union El 1st gold 5s
1950
1957
(Int reduced to 2.5% )
A 8s
1959
debentures
1st gold
Stamped pursuant to Plan A '
.■
>
2000
2001
Stamped pursuant to Plan A
(Int. reduced to 2%).
Paulo
102% 103%
1998
due
Telephone of Pa 5s series C—1960
1st
1952
A6%s extl secured s f
>
102%
Feb 11960
Boston & Maine
2004
(City) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
|ASan
due
(int at 1% to
stamped
2%s
2004
Paulo
§ASan
1946)
due
Beneficial
Stamped pursuant to Plan A
Santa F.e external
1
Beech Creek Extension 1st 3Vis
1967
to
44
38
*102y8 103%
(int at 1%%
ser C
Con ref 4s
A
loan
reduced
1953
Toledo Cin Div ref 4s A
1966
Stamped pursuant to Plan
(Int reduced to 2.25%)
(Int
43
37%
—.1948
Bangor & Aroostook RR—
1948
_
external loan of 1926
municipal
1948
107%
A (int at 1% to
due
—1995
ser
1946)
Dec
A Conv
1
A7s
107
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
1950
Stamped pursuant to Plan A *
(Int reduced to 2.5% )
1999
A 6s external sink fund gold—.
1968
Stamped pursuant to Plan A
(Int reduced to 2% )_s
.—2012
A 7s
_.
105% 106'/a
1964
Ref & gen ser F (int at 1 % to
Sep 1 1946) due
1998
,
(State of)—
extl loan of 1921
1
gen
Sep 1 1946)
1953
pursuant to Plan
to 2%)—
Rio Grande do Sul
♦105%
July 1952
A
RR—
Ref & gen ser D
1948
(Int reduced
gen
Dec
1966
•
6Vis
sec
4s
cons
Ohio
&
Ref &
Stamped pursuant to Plan A
(Int reduced to 2.375%)—2001
Stamped
1st
unified 4Vis
Ref 81
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2006
APrague (City of Greater) 7%s
1952
Queensland (State) extl 6s
1947
AExternal
—
__
1946
1st mtge gold 4s
July 1948
Stamped modified bonds—
1st mtge gold (int at 4% to
Oct 1 1946) due
July 1948
1968
•
(City of)
♦110%
1940
sink fund gold 8s_.,.~_1950
Janeiro
118% 119%
110% 110i5
Ry—
Stamped
de
Range Sinee
January 1
Low
High
128'/a 128'/a
♦110%
110%
—1963
mortgage 3%s__
Atlantic Refining deb 3s
APortO
ARio
119%
1960
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
1947
AExternal loan 7Vis—
Ho.
1959
6s
a4Vis assented
Bonda
Sold
1961
f 7s
s
,
.1960
ser
Va s assented—
Stabilization loan
gold 4s of 1910
General
1947
.
1955
Atlantic Coast
Stamped pursuant to Plan A
(Int reduced to 2.125% )___._2008
High
♦120
1955
1905
1st
1967
.
1995
Atlanta
A
Ext sec ref 3%s series B
of
128 »/a
1995
Atl Knox & Nor 1st gold 5s
&
Charlotte Air Line
Panama
APernambucQ
1995
1970
4y»s
Oslo
a
4s
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909
.1956
loan
Municipal Bank extl
General
1963
4y2s
Bid & Asked
Topeka & Santa Fe—
1957
1958
(Kingdom of)
Norway
Last
Sale Price
Low
(State)—
5s
Week's Range
or Friday's
•
Interest
Exchange
1959
f 5s
s
External
Friday
•
Period
Stock
1952
A
South Wales
New
New York
2008
Montevideo.
series
Teletype—NY 1-310
2008
ASec external s f 6%s__
A 6s
New York 6
1958
Stamped pursuant to Plan A
(Int reduced to 2.125%)
a
High
1943
—
4s of 1904
AAssented to Nov. 5,
4s of
~
1943
A Assenting
A Assenting
7
January 1
No.
High
Mexico—(Continued)—
iUt>)
SEPTEMBER
Range Since
Bid & Asked
Low
AMexiCo
ENDING
Week's Bang®
1940
7s
.Stamped pursuant to Plan A
(Int
s
to 3.5%)——1978
reduced
Serbs Croats & Slovenes
A 8s
a 7s
A
secured
series B
Silesia
(Kingdom)—
1962
external
sec
of)
(Prov
extl
1962
extl 7s
.
California
AExternal sink fund 6s
3%s-4-4Vii%
External
($
1964
.1979
readjustment
External
1979
conversion
37/e-4 Vb-4^ extl conv
4-4Vi-4 Vis extl readjustment
3Vis extl readjustment
A
Warsaw
external 7s.
(City)
A4%s assented
Collateral
1978
Carolina Clinch
§A5s
series
A
plain
AStamped
;
Adams Express coll tr gold 4s
Coll trust 4s of
Power
1st
mtge
3 Vis
Albany Perfor Wrap Pap 6s
6s
with
warrants
assented
Albany <fc Susquehanna RR 3Vis
Gen mtge 4Vis
Alleghany
Am
&
&
West 1st gtd 4s
Foreign Pow deb 5s
Amer I G Chem
conv
Celotex Corp
1953
1953
1948
105
3s
1967
2%s
3s
A
pK';
]
,
tj
•
1972
1948 *
*100
1948
*100%
104%
110%
1975
104
103%
107
107
109
101%
100
102%
105%
102
100
102 V4
110%
109
116%
109
102%
100 y8100
89%
94
99
5y2s series B
5s series C
gold 4s__1951
A Mobile Div 1st gold 5s
1946
Central Illinois Light 3V2s
1986
ARef &
gen
-
103%
Anglo-Chilean Nitrate deb
1st gold
32
100 y8
41%
43
40%
42
39%
registered
—.1987
A4s
.1974
Y Power 3s
105 332 105 &
105 332
109%
Central N
105% 105%
105%
109%
Central Pacific 1st ref gtd gold 4s_1949
1^9.
140% 142 y4
116
1A7l/4
Guaranteed .gold
100%
100% 100%
100%
100%
101V2
1U4 Vs
*—
105
43%
105
1st & ref series A
\"(4y4%
1960
5s
—
107%
104 '/a
107
107%
103% 104%
—1974
to Aug 1 1949)
103 y4
103% 103%
104
103% 104
100%
104
fACentral RR & Banking 5s stmp.1942
1975
114%
114% 115
110%
115%
Chesapeake & Ohio Ry—
*87%
1967
.i.——1998
'
*96
89%
100
s
.1975
71
"94
104
Memphis Ry Bdge &Term 5s 1964
& Co (111)^
1st mtge 3%s series E.
.1964. '
4Vis cum income debs
—
109%
38%
105 3V
Armour
due-
*29%
100% 100%
—1987
104%
Ark &
(Subordinated)
85%
—..————.1987
105 y4
*
4s„
104
/ A 5s registered
AGenera.1 4s
1962
3s
85%
*108
(ACent New Eng 1st gtd 4s
1961
(ACentral of N J gen gold 5s_..._ 1987
1969
deb
debentures
104% 104%
*101
AChatt Div pur money
100
102
102
85%
Nov 1945
—..1945
1959
1959
ARef & gen
106%
*98% iooy4
1998
A 1st
104 %
—
104%
(Central of Georgia Ry—
102%
103
—
v*.
1948
1st gold 4s
U P
108
101% 101%
1946
Branch
A Cent
.
..1962
1055
1980
Am Wat Wks & Elec 6s series A
Ann Arbor
-
debs.
1956
debentures
Co
'
;
1966
debentures
Amer Tobacco
yv.
3%s
mtge 5s
5 AConsol gold 5s—
102% 102%
*106% 107
107
_.._1949
debentures
conv
105%
*103%
102%
1946
American Telephone & Telegraph Co.—
3 Vis debentures
1961
3 Vis
102
140
1965
Ohio 4s
&
157
96%
102
2030
5Vis
155
*150
103 y8103 y8
*113
1949
Celanese Corp 3%s debs
1947
1907
10-year deb 4V4s stamped
Great Southern 3y4s
Alabama
Alabama
'*
•'
;r-.
"
113% 113%
104% 104%
105% 106%
Si Adir 1st gtd gold 4s——..1981
Cart
.
V..
119% 119%
117% 117%
of deposit
Certificates
Railroad and Industrial Companies
(Abitibi Power & Paper—
*116% 116%
1960
4y2s
trust
116% 116%
5s
(fACarolina Central 1st gtd 4s
1978
1984
1958
—1958
'•17
118 % 118%
4y2s—.—1957
Oct 1969
Guaranteed gold 5s—
1970
Guaranteed gold 4%s
—1955
Guaranteed gold 4y2s
—1958
Guaranteed gold 4y2s__
1951
Canadian Northern Ry deb 6%s—1946
Can Pac Ry 4% deb stk perpetual
gold
Guaranteed
1937)—
bonds of
116% 116%
5s A—1962
Canadian National gold
Sydney (City) B f 5%s
..1955
A
Uruguay (Republic) extl 8s
1940
,
AExternal sink fund 6s
—1960
,
107
1974
3y8s
Canada Soucnern cons gtd
1958
A4Vis assented
*107'/4 108
—1968
3y2s
Power
Elec
Calif Oregon Power
<
1958
•
90
,
102
105%
General
"
gold 4%s———
—1992
Ref & tmpt mtge 3%s D__1_—1996
Ref & impt M 3%s series E——1996
106% ' ' 106% 107 '
R & A Div
'
•
Jf-N
106'=
105% 106 y4
2d consol
139
105 »/4 105%
104
107%
102%
103
♦io2y8
1989
1st cons gold 4s
-130% 130%
gold 4s1989
(A Chicago & Alton RR ref 3s_——1949
—
139 a -145%
104% 106%
1946
Potts Creek Br 1st 4s
U*S
139
104% 105%
—
48%
49%
131
125
*123
128%
126"
32
59
THE COMMERCIAL &
1190
Monday, September 10,1943
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Friday
BONDS
or
Interest
Last
Period
Stock Exchange
New York
Sale Price
-1958
B
1977
33/4S__———1974
1st & ref mtge
J-J
F-A
F-A
1997
—1985;
AGen mtge inc (conv)
1st mtge 33/4s ser B
Chicago & Erie 1st gold 5s—
Chicago Gt West 1st 4s series
AGen inc mtge 4V/aS
1st 5s
J-J
J-J
J-J
M-N
J-J '
j-j
74
65%
9
17
29Vi
Firestone Tire
3s deb
1961
21
22%
4
16%
31%
lAFlorida Cent & Peninsular
5s—1943
1073/4 1073/4
2
'
92V4
96 3%
111
96Va
63
95
45
94V4
96
1
94%
73%
76
309
67%
24
25%
771
17 Va
863/4
86%
88%
368
77Vi
94
1952
—1962
1943
,—1957
Indiana com 4s
1st ft ref 4Vis series D
AChilds Co deb 5s
Chic 8c West
§ A Debenture 5s
/
1013/4
A 4s
102
90%
4
80 Vi
64Vi
66
364
47%
71Vi
72%
62
52%
79 y4
102
*99Vi
—
*93
Union
Cincinnati
/
Terminal—
series E
96
91%
90 Vi
SfOVa
90
91%
71
83%
90 Vi
18
83
92
St L Div 1st
Cleveland & Pittsburgh
Series
C
102
108
111
*105% 106 Vi
r_.l
105 %
106%
103 %
D
3 Vis
13
97Vi
97
ser
ser
1st
104%
Gen
1
*121%
J-D
-
91Vi
J-J
J-J
M-N
J-J
107
66
1961
1972
*105
107 y4
Conv
83
debs
3Vis
1961
1948
1970
1958
Debenture
107 %
14
ADebenture
4s
1st
mtge 3Vis
1st mtge
.
3Vis
/ 1st mtge 3Vi8
Crucible Steel 3 Vis s
—
—
f debs
ref Term M 5s
Co Gas
s
1965
1970 v
1968
1969
1955)
1943
41
102%
73Vi
36
103%
102% 1021/a
52
105
105%
21
107
107
107
4.
14
14
~8
104
104
4
*103
104
14
J-J
!
98%
98%
!100
A-O
105
109
106
111%
84
74
*78
13
18%
102%
1043/a
101%
106
91
101%
98
14
98%
102
104
98%
*98
J-J
107 V*
'
105 %
1st
103 y8
106 %
Collateral trust gold
22
108%
101% 101%
103%
96
77%
40
72%
87Vi
1143/4
115%
69%
134
A-O
35%
34%
35%
28
64%
80
30
45
102%
105%
103
105
103
103%
101
114
*104%
J-J
*102%
A-O
*100 Vi
J-J
1953
M-N
M-N
Collateral trust gold 4s
lines
3V?s
116
l§
'v
!
__
~7
•.
i
40-year 4%s
108 Vi
103%
102
1st gold
Div
105 Ve
Gold 3%s
gold 3s
F-A
101
Western Lines 1st gold 4s
74 Va
60
59
60
13
58%
75%
57
74
Joint
110%
102Vi
1033/4
50%
*103
I_,
1st
108%
108
1951
94%
!-
——,—
1st ref
ref mtge
95%
29
84
103%
15
943A
93%
5s series
1963
A
J-D
92%
J-D
.—1963'
51
43 V
43
40%
61%
50 Vi
84
80;
85%
43
40%
51 Vi
A Adjustment
66>
66
A 1st
loovi 101
43
*61
*61
A
1st 6s series A,
5s
6s series A
series
87%
115
87
96
74
100
1053/4
99
100%
95%
103
62
71%
Internal Paper 5s series A &
1956
A 1st gold 5b series) C
IA Internal Hydro El deb 6s
5oy2
100%
106% 107
m-iv
w
•"***,
ima/
iU1/4
'
■
52 H'
1956
..1944
B.
Ref sink fund 6s series A—
i03Vi
94V4
94%
—
—
1
—«
100
89
M-N
m-N
5
1023% 103
106
2
lOlVi 102%
1
105%
97
103 Va
100%
93%
69
81%
883/4
52
76%
95%
73%
92
■a
J-J
J-J
A-O
106%
105
1
95
973/4
75
*111
108
J-J
78%
A-O
40%
108
108
2
108
106%
89%
J-J
77%
79%
88
62%
393/4
403/4
22
28%
543/8
*71%
J-J
74%
58%
85
*71%
A-O
1955
86%
104
M-N
84%
84%
58%
75
74%.
88
865/a
160
104%
8
104
108% 108%
M-S
1956'
1
--
'
J-J
1972
t-H 0
*—
M-S
88
3
1063% 111%
104
*103%
105%
102%
102
__
J-J
100%
100% 101%
66
95%
F-A
104%
104% 105%
35
99
102%
; 105%
45
J:-
108%
102% 103%
98
>
108%
f James Frankl
100
58
.
58
99%
:
:
~6
57%
*1063/4 107%
62%
*62
.
.
15%
12%
570/.
108
12
,
57%
49
16
-12%
57V4
13
107% 108%
•
•
107 Va
107%
12
54%
j-D
55
10
34
34
3
M-N
M-S
A-O
j-j
113
113
,2
J-J
lOGVs^ 106 3%
34
5%
21,
19
;
:
54%
71%
108%
107
3
107
109%
106
109
48
56
28
35%
*56%
106Vi
;:'
5
59%
110%
114%
101%
107% 1073/4
103 Va
106
109 y4
45
31
99
93%
14
88%
9
1023/4
104%
103
107%
*106s/8
Kansas City Fort Scott & Mem Ry—
J ARefunding
gtd 4s
V
-1936':
of deposit—^
Kansas City Southern Ry 1st 3s.—1950
Kansas City Terminal Ry 2Vis
1974
Kentucky Central gold 4s
—198T
Kentucky & Ind Term 4%s
.1961
Stamped
;
:
i
—1961
ACertificates
106%
.
6
107
76 Vi
5%
r
219
93
103% 1033/4
K
75
61
70%
A-O
93%
103 Va
78%;
109
59
5
J-J
105
106
62%
& Clear 1st 4s.—1959
3V48.
.1961
J-D
Jones 81 Laughlin Steel
Kanawha 81 Mich 1st gtd gold> 4s__1990
,
*—
58
J-J
j_j
J-D
(NY) 1st cons gold 5s
100%
100%
99%
__
Plain
4%s
unguaranteed..
85
A-O
103
1961
—
84%
86,
84
—
1961:
Kings County El L 8c P 6s—
Koppers Co 1st mtge 3s
lAKreuger ft Toll 5s ctfs
A-O
67
81%
84
1
80%
102% 103
10
'
92%
91%
103
93
A-O
J-J
*120%
J-J
*62
J-J
*105%
J-J
*1093/8
J-J
*105%"
II
75V4
__
__
118%
106%
104
1093/8
<
102
__
102
__
173%
183%
102%
105 V2
1997
A-O
1964
A-O
104
104
104
1959
M-S
6
6
6
4%
1997
J-D
*110
3%s registered
Lautaro Nitrate Co Ltd—
111
105%
1997
J-D
*1073/4 109
1023/4
*r825/8
118%
79
68
101
Lake Sh & Mich Sou gold 3%s
Ed El 111
96
82%
87
*81
1947
Teleg deb gold 4%s—1952'
Debentures 5s
•
-T
A-O
1995
1958
1995
98
83%
92
*110% 117
A-O
M-S
J-D
<
99V4
97%
1071/4
91%
J-D
1952 '
July 1952
B
41
•41%
65
,
*42/
1963
4s ser D
1st gold 4s__
1950
tAInd & Louisville 1st gtd 4s
1950
Indianapolis Union Ry 3Vis ser B_1986
Inland Steel 1st mtge 3s series F—1961
^International Great Northern RR—'/
51
*42
series F———1965
3%s series G—1968
ref 3s series H
1970
Mackinac 1st lien gold 4s 1995
Tunnel 4%s
I9bl
Dow Chemical deb 2%s
1950
Dul Miss & Iron Range Ry 3%s—1962
ADul Sou Shore ft Atl gold 5s—1937
Duquesne Light 1st M 3%s
1968
103
84%
101% 101%
Ind 111 8c Iowa
*77%
101
88%
106%. 108%
105%
74
HI Cent and Chic St L & N O—
103% 106%
IO31/4
100
99%
89%
*100%L
*103-%
105%
57
108
47
*101% 102%
F-A
1071/4
102
105V4 105'/4
95
J-J
94%
75
70
*1003/8 101%
J-J
104%
108
—
J-J
J-J
6
106% 106%
—(
__
75
*105%
1951
59
__
85%
86%
*90
60
103% 1033/4
93%
102
*-.
102
*57%
95
103%
1951
i
Registered
*—
J-J
59
;
98
F-A
102
6
98
1951
3s—«)
60
104% 104Vi
94%
a
-
..
__
J-D
Springfield Div 1st gold 3%S—1951
104%
95
M-N
—
St. Louis Dit 81 Term
*62
A-O
—,1966
1950
Litchfield Div 1st gold 3s
1951
Louisville Div & Term gold 3%s_l953
Omaha
102-
4
M-S
Cairo Bridge gold 4s
111% 112%
105% 107 7/a
11
102% 102 7/a
126%
105%
4
10
v
103% 103%
J-J
1952
4s—
111
107%
J-J
1951
1951
—1951
1951
1952
1955
<
114
107
j-j:
5 F-A
F-A
A-O
Detroit Term ft
144%
1383/4
13
76
68%
Refunding 4a
gold 3s sterling
109%
111
a-O
Edison 4s
Ga Dlv 1st 5s
110
77%
68%
gold 3Vis
*114
r.j
—1978
1383/4 139
101%
J-D
1955
1st
*110%
' j.rj
1953
1383/4
M-N
F-A
3%s
Extended
86%
Purchased
j-D
T"
~~
J-D
3
—; H;
.•
4
J-J
M-N
1st gold 4s
108
1031/4 103%
a-0
1948
8i ret mtge
Bast Tenn Va &
98%
108%
*107% 109
M-N
114%
102 %
*107Vi
—.
43
;
Absented
gold 4s
,105%
107
68
1053/a 106
73
102 %
J-D
Hudson 4s extended
1963
*
Lack & West RR Co—
N Y, Lack & Western div
/>'
1st & ref M 5s ser C—1
1973
Income mtge due
—1993
Delaware Power & Light 3s_
1973
4
IDenwer & Rio Grande RR—
fi A 1st consol 4s—
1936
5 A Con sol gold 4 Vis
1930
JDenver & Rio Grande Western RR—
Detroit &
A Second
107
Illinois Central RR—:
J-D
mtge 3s
1970
3%s series B.
13C3;
& Co 2Vis debs
..1965 'a
&
1033/4
J-J
,
Illinois Bell Telep 2%s series A—1981
M-N
M-N
M-N
M-N
>
Delaware &
Gen
23
1957
108 Vi
73
J-J
J-J
Delaware,
Gen
105V4 105%
1949
gold 5s—
1st 5s A
107%
1213/4 122
1954
Dayton P & L 1st
Dayton Union Ry
Detroit
105 %
JPeb 1957
1st
1053/s
102 Va 102%
'
receipts
extended to
1948?
receipts
*—
Publishing Co 3s deb—....1958
impt 5s series B
106%
A-O
series Ai—1962,
f 5s
104%
lOGVa 107
series B
A Ref &
112%
1045/8
Feb
1969
12
■
AGeaeral s f 5s
109%
57
J-J
,.—1952
stpd
AAd] income 5s
Int Telep &
;
9
1043/s 1043/4
Feb
1969
Int Rys Cent Amer 1st 5s B
t
130%
111% 111%
1043/s
J-J
1975
22
VI
Deere
137Vi
121%
111%
J-J
—2015
107 % 107%
102%
A Deposit
Curtis
123
128%
1
'
...
1063/b 107
1063/4
A Deposit
A6s
119%
17
J-J
,—1959
107%
F-A
A
to.
101%
20
128% 128%
J-J
^
Hudson 8c Manhattan
109%
109%
107
•
lACuba Northern Ry 1st 5 Vis,
A Deposit
receipts
——
ACuba RR 1st 5s gold
,.,—1952
Deposit receipts
A7Vis series A extended
K
L
1st & ref 4%s series C
3 Vis
1st mtge
8t
Hudson
Power Co—
Consumers
100%
__
133% 134
133%
J-J
il967
—I960
:——1970
——1980
ctfs B
Hudson Coal 1st
967/8
106%
—
F-A
J-J
1955
1956
4s
10
114%
119% 120
J-J
106%
106
'
A-O
A-O
J-J
J-D
J-J
debentures...—..—
.——1956
3Vis debentures
;
1958
Consolidated Oil conv deb 3Vis
;1951
A
*110%
53
115
91%
101% 101%
M-N
J-J
Refunding 5s
3 Vis
deb 4s—
54%
89%
H
91Vi
107
J-J
mtge
JAConsol Ry non-conv
115
73
105%
40
*io7y4
J-J
A-O
M-S
F-A
1958
—
*103
J-D
Hocking Valley Ry let 4%s__
1999
I§AHousatonic Ry Cons gold 5s—1937
101% 106
105 Vi
107
*112%
M-N
3s series L
1977
Conn Ry & L 1st & ref 4Vis
1951
Conn River Power s f 3Vis A
1961
Consolidated Edison of New York—
3Vis debentures
—
1948
1st
103%
77%
105%
O.,
M-N
.-1952
-
65%
3
J-J
i
mtge inc 5s series A
1st gold
1980 ;
extl gold 4s
Columbus & Sou Ohio El 3 Vis
Columbus & Tol 1st extl 4s
Commonwealth Edison Co—
25
50
1952
Gulf States Utll 3%» series D
Colorado & Southern Ry.— 1 -
5s
69%
80
,
Gulf & Ship Island- RR—
112%
80
9iy2
90
88%
F-A
A-O
A-O
A-O
A-O
.—1973
1977
Debenture
69
1033/4 1033/4
69
F
—
M-N
1948
1950
Columbus & H V 1st
11
*—
111% 112%
102
1043/4
RR—
4Vis (stamped modified).
Columbia Gas & Elec deb 5s_,
%
1053/a
102
1033/4
2
gtd 4 Vis
Vis
'
103
68
104
J-J
.——1973
1976
1977
1st & ref 3%s series D
109 >
io6y2
108 % 108 Vi
gtd
f 4'/as series C
s
107%
1
40
J-D
1993
1st s f 5s series B
57
128%
%
,
Union Term gtd 5
Cleve Short Line 1st
Cleve
104 Vi 104%
J *J
2Vis_1965
1947
Gulf Mobile 8c Ohio 4s series B
102%
"107 V4 107 Vi
33/8s
mtge
A Debentures
103%
76
10
gtd
55
*103
Greyhound Corp 3s debs—
103
90%
5
97%
97
97
90%
99Vi
*97%
Gen. mtge.3 %s
Gen
105
*1093/8 HO
*102
112Vi 112Vi
102% 102 %
3Vis gtd—
Series
12
J-D
1934 *
Gen'mtge *3 Vfes ser M
AGreen Bay & West deb ctfs A_,
105% 103
106%.
*—
(B F) Co. 1st mtge
mtge 3%s series 1
Gen
.
M-S
1977
—1991
coll tr gold 4s
1990
Ilium 3s
1970
Cleveland Elec
677/8
66
99V4
393/s
General 4%s series E
94%
F-A
F-A
i
/ General 5s series B
Ref ft impt 4Vis series E
Cin Wab & M Dlv 1st 4s
5
of deposit
General 5s series C
99 y8
94%
1993
2Vis ser G
;
Cleve Cin Chic & St Louis Ry—
General gold 4s
1st mtge
100Vi lOOVi
M-S
I
General 4%s series D
100
1
1969
—1974
mtge gtd 3%s
1st
132
120%
M-N
1949
General 5%s series B
99%
91
96
96
A-O
A-O
1987
mtge 3Vis
1st
105%
1173%
Great Northern Ry Co—
1063/4
95
107 Vi
*—
Goodrich
1st
v
Castings 5V2S
Grays Point Term 1st gtd 5s
28
13%
212
21
20
20
F-A
J-D
104
131
M-S
1956
t§AGa Caro & Nor-1st ext 6s
Certificates of deposit
74Vi
72
M-N
16
140
J-D
—•—1969
1949
-.Oct 1 1945.
debs
inc
conv
Certificates
105
102
65'/8
_1
1952
3 Vis
98%
1063/4 106 Vi
& Utilities Corp—
Realty
Steel
Gen
78% 108%
135
1013/4 102 Vi
102
1966
Gulf cons 5s
Cincinnati Gas & Elec
983/4
99
*124
*50
5s
Gas 8t Elec of Berg Co cons
103%
68%
14
833/4
83 V4
—
J-J
J-J
J-J
1963
1963
G
102
20
102
102
,
p—
"4
*118
deposit
of
lAGeorgia & Ala Ry 5s
deposit
1023/4
105%
102%
101%
102
__
99
105% 105%
105%
J-J
——
coll trust 6s
Francisco Sugar
33%
—
J-D
J-D
J-D
M-S
/.'
~_
103%
88
99%
25%
J-J
70
119%
96
74V4
F-A
100
1173/4
—
1951
Chic&go Union Station—
1st mtge 3Vis series F
deposit
ACertificates
1173/4
963/a
96
96
107
106% 1161/
106% 115
101
*106
M-N
JFlorida East Coast 1st 4%s—:—1959
A 1st & ref 5s series A
—1974
114%
88
*96%
81 Rub
of
Certificates
108
105
112
96 Vi
96
*—
High
103%
105%
1063/b
102
F
97%
15%
stpd
:
J-J
M-S
104 7/8
72
14
863/4
r
99
99
J-J
January 1
Low
8
97% 100%
*1047/8
A-O
Range Since
110
79
98
873/4
873/4
83
84
mtge 3%s ser
cons
101
97V4
J-J
1964
1990
2000
1971
F—
1st cons mtge 3Vis ser G
Ohio Div 1st mtge 3 Vis
1st
100
Sold
No.
*112S/b 115
101
J-J
A—_2015i.
20%
—
J-J
J-J
1999.
1989
4s
1951
& Southeastern 1st 5s
1960
guaranteed 5s
Dec 1 1960
JAChoetaw Ok ft
90Vi
16
General
3 Vis
mtge 2%s ser
—-
mtge inc 4Vis series
1st cons mtge 3 Vis ser E
Gen
141%
132
■
95%
76%
993/8
Bonds
Hicli
*110% 117
A-O
1962
3 Vis
Empire Gas & Fuel
Erie Railroad Co-
*105
A-O
1965
1965
stamped
5s
19
1073/4
J-J
J-J
J-J
Memphis Div 1st gold
1st
——
Range
Friday's
102% 102%
M-S
1970
3Vis
Elgin Joliet & East Ry
El Paso & S W 1st 5s
21
J-J
1988
ACertificates of
„
95
or
Bid & Asked
J-D
1950
2 Vis debs
193/4
A-O
M-S
M-N
J-D
Income
-
' '
•
60
98%
145
65
98%
71V4
96%
gold 4s
1934
5 A Secured 4 Vfes series A
1952
AConv gold 4Vis
L
.—1960
Chicago St L & New Orleans 5s
1951
Chic T H
106%
*82
J-J
I ARefunding
Gold
115%
103%
64
Sale Price
Low
115%
112%
9
*98
87V4
deposit
of
ACertificates
111%
55
*
1927
Island & Pacific Ry—
^Chicago Rock
A General 4s
"'4
—
^
3s ser B
fgAChicago Railways
25% part paid
112
114%
;
Week's
Last
Period
High
112
*140%
F-A
Western Ry—
conv income 4%s
mtge
2nd
Low
114
95%
A-O
Chicago & North
1st mtge
*
—
J-J
1975
adjustment 5s
AConv
No.
High
Interest
Stock Exchange
January 1
Sold
65
M-N
M-N
J-J
Jan 1 2000
series A—:
AMtge gold 5s
-■■■•*
—
J-J
1982
A—1988
2038
^Chicago Ind & Louisville Ry—
:\
ARefunding 6s ser A
1947
ARefunding gold 5s series B—1947
ARefunding 4s series C
1947
A 1st & gen 5s series A
1966
A 1st & gen 6s series B
May 1966
Chicago Ind & Sou 50-year 4s
.1956
^Chicago Milwaukee & St Paul—
AGen 4s series A
May 1 1989
AGen gold 3'/2s series B__May 1 1989
AGen 4.V2S series C
May 1 J989
AGen 4%s series E
May 1 1989
AGen 43/4S series F
May 1 1989
tChic Milw St Paul & Pac RR—
-
,
114
Eastern 111 RR—
Chicago &
•Siv/
Bid & Asked
104% 104 3/4
:
Friday
liONUs
New York
Elec Auto-Lite
&i Quincy RR—
1st & ref 4%s series
/
WEEK ENDING SEPTEMBER 7
Range Since
Bonds
Friday's
Low
Chicago Burlington
General 4s
FOR
Week's Range
8
.
-71
105
108%
116%
119%
151
158%
A 1st
mtge income reg
1975
52%
53V4
110%
108%
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
1191
NEW YORK BOND RECORD
V
BONDS
Friday
Interest
Exchange
New York Stock
Period
>.
Last
or
Sale Price
Friday's
Bid & Asked
Low
Lehigh Coal & Nav s f 4%s A
Lehigh & New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s
Lehigh Valley Coal Co—•
1954
ref sink fund 5s
J- J
1965
1945
A-0
F-A
stamped_____.J
1974
stamped
5s
4%s ext
1950
4s
,.2003
registered
'
..2003
-.-.,2003
stamped tnodified...
Lehigh Valley Terminal Ry ext 5s.l95i
ist 50-yr 5s gtd
_1965
Liggett & Myers Tobacco 5s
;_1951
Little Miami gen 4s series A
1962
Lex & Eastern
t
t.
.
■
•>
.
'I
;
■
,
■
rtf gold 4s
debentures
Louisiana & Ark
11
49%
48%
M-N
53 Vi
278
51
49
52%
51
57
57
55%
51
M-N
58%
55
2
A-0
106
83%' 83%
*131%
1
90%
95
A-G
M-S
106% 106%
,
66%
106%
J-j ;
M-S
103%
103
105%
103% 104
.3
105% 105%
15
M 3%s
ref
&
1st &
ref
series F
2%s
M
2003
__2003
G_
ser
A-O
107
18
106%
A-O
96%
107%
96%
96%
Paducah & Mem Div 4s
1946
F-A
1980
MS
102% 102%
1958
M-N
35
*101% 101%
St Louis Div 2d
gold 3s
Atl Knox & Cine Div 4s——
*116%
96
55
75
62
60
62
272
56%
77
601/2
62'A
38
56%
77
3-J
60Vt
581/2
6OV4
18
54%
74%
J-J
<
67
661/2
68
83
63
82%
1940
A-O
86
85V2
86V4
13
83 3A
933A
1957
M-N
341/4
33'/2
35
93
25
453/a
1967
J-D
643A
63
65
235
*108
109
ref 4Vis series of
1927
4s
M-N
11%
M-S
gold 5s__
-
.
Norfolk
1st
Southern Ry
Co—
1161/s
743A
89
107
105%
108
106 % 108
105 V*
107 VA
52 Va
80
48
26
48
32%
113A
*43
32
50
3-J
3-J
33
-
32%
107%
34;
142
-
97
J-J.
-1998
A-0
A-0
25%
,
4
107
107% 107%
1
44
1093/4
107
62
1.
135%
97
'
108 Va
62
75
47
41
*
1974
M-S
*127%
Northern Pacific Ry prior lien 4s_. .1997
Gen lien ry. & Id gold 3s—-Jan 2047
3s registered^
.2047
—
—
Q-J
Q-J
Q-F
Q-A
.4"Vis series A
133%
136 3%
136
7
*138
series A
102%
89%
8
97%
61
135 % 1353/4
M-S
ref 4%s
110
'
1.
,—2014
&
98 Va
93%
106
2
106Ya 107
107 % 107%
M-S
A-O
4 Vis series A—
Gen
35
~
*98% 102
M-N
mtge 5s conv inc„
mtge
A Gen
1
\82
70
1967
.1966
1013A
70
J-3
-Norfolk & Western Ry 1st gold 4s_1990
North Central gen & ref 5s
1974
102 %
*
,
107
Niag Lock & Ont Pow 1st-5s 4^*^1953-
17 Va
100%
*__
(L
-1946
4%S
4%
4
F-A
-
—1940
1943
series B_;
39
F-A
-1937
-1937
1st gold 5s
Y Telephone 3'As
-
46
11%
82
82
A-0
-1963
30'A
17 %
22
11
21
J-D
M-N
A Terminal
108 Ya
213/8
M-S
1955
Power &
1st 3 %e_=._i-
813%
107 JA
101% 1013/8
1992
4s
59%
.
—1954
—
Niagara Falls-Power 3%s..-__i
102V4
1141/8
__
54%
62%
J-J
97
101372
76%
743A
58%
.1948
15AN Y West & Bost 1st
111%
100
-
M-N
-
N
105% 107
107
9
12
59Y8
60 Ve
J-J
—
•
Louisville & Nashville RR—
1st
59
59
60%
21
61%
60
A-O
4s_
8 AGeneral
105%
105%
107
.1950.
15 AN Y Susq & W 1st ref 5s
IA 2d gold 4%s
120
3
100
91%
N Y Steam Corp
107%
118%
104% 104%
A-O
106%
84 Va
94%
Light 1st mtge 23/4s_1975
N Y & Putnam 1st cons gtd 4s
1993
N Y Queens EILt & Pow3Vis
-1965
108
5
115%
90%
*__
M-9
1950.
deb
A General
107
4
1103/4
„
*88%
M-N
M-S
4s
N Y
116
106% 106%
4s_.
—
*AN Y Ont & West ref gold 4s
121
118% 118%
F-A
deb
deb
1st
|
106%
3%s_
t A Harlem River & Port Chester—
:
76%
M
*115%
*
M-N
.'.1947.
3%s
A 1st &
53%
118%
116
•
5 A Collateral trust 6s
93%
"2
3-J
1973.
-1954.
.1955.
4s
deb
deb
AConv
132%
*115
High
116%
115
114Ya
ADebenture
;
71%
109 %
118% 118%
M-N
Low
108 3/4
*„
3-J
———;1973
ADebenture. certificates 3%s_.
47
78%
Range State*
January 1
•
1947
deb
ANon-conv
69%
47%
i
ANon-conv
91
64%
s
ANon-conv
|
45%
<
Sold
No.
High.
*108
M-N
2000
-2043
2043;
gold 3%S
ANon-conv
;
87%
ANon-conv
I
127 %
-
'
Bends
Friday's
Bid & Asked
tN Y New Haven & Hartford RR—
t
95%
106%
A-O
M-S
—..I960
i
89%
96%
Harlem
4%s series B—
i
73%
&
N Y Lack & West 4s series A
*
-
M-S
1st 5s series A...1969
|
93
45%
t
..1963
Louisville Gas & Elec 3%s_
80%
*__
■'
;,'
4s', stamped—.,—
<■—, ........1949
Lorlllard (P> Co-deb 5s——
—1951
3s
M- N
.1949
;
100%
100%
80%
.1949
Long Island unified 4s
Guaranteed
78%
2003
modified
stamped
41/2S
5$
2003
i
registered
%s
J.
~2
88
J-J
Valley N Y
80
100
Y
Mtge 4s series A
Mtge 4s series B
88 %
23
—
88
N
92
90%
*88Vi
FiA
Lehigh
.
F-A
1954
Lehigh Valley RR—
4s
stamped modified
i
90 "
-1974
Val Harbor Term gtd 5s
Leh
4
90
;
106
98
100
or
Bale Price
Period
106%
100%
*99
Last
Interest
New York Stock Exchange
i
Uiah
104%
104-
*99
i
Low
Low
1
*90
1964
sink fund 5s_-._—
& ref
1st
Range Since
January 1
99%
F-A
5s
No.
*104%"
M-S
.1954
&
1st & ref sink fund 5s—
Uiah
Sold
Week's Ranga
Friday
BONDS
Bonds
105% 105%
5 s ~stamped..«.M.m:<l...MU:Lw.^«1954
1964
1st
BANGS FOB WEEK ENDING SEPTEMBER 7
Week's Range
136
124
128
138
1083A
1193/4
2
106%
115
106
—
n
M
4s
Central
Maine
1st
RR
4Vis
& coll 4s
mtge
ser
1960
3-D
1954
B
spr
Manati Sugar 4s sink
A
3-D
fund__Feb 11957
A Manila Elec RR & Lt s f 5s_
1953
75%
75
76
21
100
100
2
87
87
3
M-N
82%
j
1013/4
65 Ye
100
^
801/4
90%
|
75
921%
.•!
(
Metropolitan Edison 1st mtge 2YaS_1974
Metrop Wat Sew & Drain 5%s
1950
M-N
*105% 106
A-O
*100% 101%
4s_.1938
.1951
1952
1979
—
1st
gold
Ref
&
3 Vis
—
A-O
*._
F-A
23
M-S
104Vi
*100%
M-N
104
5
1023/4
106 Va
r
99%
1021%
)
I6V4
23
1051%
25%
'i
102
—
107% 107%
105 3/a
J-3
104
104
104
108%
108% 109
1073/4
t§AMilw & Northern 1st ext 4Vis__1939
J- D
*107
J-D
*98
AgUonsol ext 4Vis
1939
A-0
75
81%
81%
105
J-J
.2047
2047
J-Jr
1967
F-A
;
—
.1974
.1964
A 1st
.
97i/a
I
91%
i
116%
*
120
Mo
Sault Ste Marie—
4Vis inc
mge
A Gen
&
mtge 4s
J-3
97
96%
97
28
941%
J-3
69
68 %
69%
99
65
81
1990
1st 4s~
Kansas & Texas
J-D
85
84
86%
88
771/4
lien
4 Vis
106
A 1st
1962
3-J
85
85
86
54
.1962
J-3
74v
72 3/4
74
10
651/a
-1978
D
J-3
743/4
743A
1
691/2
48
641/2
112
31
793A;
88
89%
92
93
—1965
F-A
85
84 J/2
851/2
72 J/2
95
1975
M-S
44
43
45
143
33
59%
ref 5s series F
1977
M-S
84 Vi
84%
85J/2
221
73
95.1/4
ref
1978
M-N
84 "A
84 VA
851/2
82
72%
951/4
1949
1980
M-N
323/4
.31J/2
33'A
176
143/4
431/4
A-O
843/4
04%
85J/4
64
72%
951/4
1981
F-A
84 J/4
84 J/8
85 V4
176
72%
95V4
gtd gold 4s—1991
Monongahela Ry 3Vis series B
1966
Montana Power 1st & ref 33As
1966
M-S
Jan 196'
^Missouri Pacific RR Co—
ref 5s series A
&
A
General
A
1st &
a
1st
&
ACc-nv
A 1st
_■
series
5s
G
gold 5Vis
ref gold 5s series H
&
A 1st-
4s
&
ref 5s series I
Moh'k & Malone 1st
1st
5s series
Constr M
Constr
--
86
791/2, 913/4
105 Ya /107
*106%
105% 105%
3-D
1043/4
& T 3V4S
Nat
3-D
68%
67
68%
55
62 Ya
77
M-N
76%
76%
78
18
66
M-N
73%
73
74%
34
*106
106%
105%
109
107 Ya
1978
series A
J-D
M-N
F-A
101% 101%
101%
J-D
Newark
1948
96
101%
10
fANew
Consol Gas
3s
5s
cons
Guaranteed stpd cons 5s
1945
1945
England RR gtd 5s__
AConsol gtd 4s
N
1952
1961
1986
Jersey P & L 1st mtge 3s_—1974
England Tel & Tel 5s A
1st gtd 4Vis series B
J Junction RR gtd 1st 4s
New
New
103
793/4
63
1093/a
110
96%
1043/4
M-N
Pacific
Gas
N O & N E
1st ref &
a
a
A 1st
A
series
1081/4
5s
5Vis
3-J
ref M 3s series M
1979
N
Y
102
99 Vi
99%
2
96
104%
16
95
102%
J-D
114% 114%
114%
*125%
M-N
20
113%
1233/4
__
1151/4
126
3-J
*106% 107
104
106Vi
1952
gtd 4s.».—1953
J-3
108
108
2
1041/s
108
3-J
106% 107
36
104 Ya
1073/4,
imp 4Vis.
1935
—
,
Y
Cent
&
Hud
1958
deposit
3 Vis
deposit
1998
2013
;_2013
N
Y
&
97%
80
93
90%
90%
90%
81
95
61
F-A
A-O
A-0
3-J
85Va
87%
85%
86
91
92
99
118
80
94%
86Ya
257
78%
94%
92%
190
853A
99%
10
100 %
107 Ye
87%
101% 104
1013A
3-J
*„
97%
102%
21
87Ya
1998
F-A
1975
J-3
84%
F-A
81
83% 101 y*
83
*__
85
81
87
105
97
83
6
7
94
823/4
95
81
1051%
106% 106 Va
34
104%
106 Va
106% 107
101
102%
106
106
8
<
108%
107%
105%
1
106
106%
J-D
1053/4 106
7
105
107'A
105% 106%
106
J-D
9
104 3A
108
106% 106 %
13
1063A
105 3A
106% 106%
2
105%
109
3%s series C
-I960
Paducah & 111 1st s f gold 4%s—-1955
Panhandle East F L 3s B
—-I960
107% 108
9
107%
110
107
107
*103% 105
1033/a
105%
M-S
112
114
*110
109Y4
111
Ref
mtge
3-J
M-N
-1952
Gtd 4s series E trust ctfs.
3%S—-I960
Penna Power &
Light 3%s
i
:
debentures
4%s
—1969
;_1974.
'
Pennsylvania RR—
•
Consol gold 4s
—1948
4s sterl stpd dollar—.—May 11948
Cons sinxing fund 4Y2S
1960
General 4Y2S series A—1965
General 5s series B-.
1968
General 4%s series D—;
—1981
1984
E
—1952
1985
—
1947
1960
Peoples Gas L & C ref 5s
& Eastern 4s ext
Peoria
Peoria
Pere
&
Apr 1990
4s
Pekin Union Ry
5%s
Marquette Ry 33/aS ser D
Phelps Dodge conv 3%S ereb_
phila Bait & Wash 1st gold 4s—
General 5s series B
t
M-N
—
J-D
*106
105 Va
106%
J-3
*108
108 V4
J-J
*106,% 1073/4
105 Va
1083A
107 Va
19
106%
11
1053A
M-N
1073/4 1073/4
10
107 %
108%
M-N
107% 1073/4
2
107%
108 Y4
124%
128 Va
105%
F-A
■}
J-D
1st
and
ref
120 %
130
120 3/a
120
3-J
120
120
A-O
104% 104'/a
J-J
103
81
F-A
1967
$8 A Philippine Ay 1st s f 4s
A Certificates of
deposit
Phillips Petroleum 23/4S
debs
1937
106 Va
107 Va
109 Va
126 Va
91V4
78%
12
70
49%
58%
1073/4
106
100'A
108
96%
lOOYs
10
103 Ya
106%
131%
138
128 Va
131%
100
*130'A 131 %
107
3
107 Va
107
102 Ye
*106
M-N
•
108 *A
104 *A
1013/8
104 V4
101 %
39
1023/4 102Ya
*1013/4 102 3A
M-N
105 *A
102 Va
*102% 104 Va
104 Vi
104%
106%
106%
106
107 * ^
107
107
5
23
23
2
153A
*21
M-S
30
38
101%
~
J-J
23
F-A
103
30**
27'
15%
—
1964
106 V4
1023A
*133
J-D
M-N
1033/4
104 3/a 104%
100%
3-J
J-J
118%
7
*106
J-D
1974
4
81%
81
*57%
Apr
1952
126 *A
*107%
M-S
A-O
134
118%
25
104
103
1243A
126 5/b
16
120 3/a
118 Ys
20
129% 130
A-O
1980
1963
22
119% 120 %
3-D
F-A
1974
2%s
Philip Morris Ltd deb 3s
3s debentures —r
126 %
*126
F-A
M-S
gold 4%s
108%
1073/a
106% 1063a
1053/4 106%
F-A
1974
series C——1977
Philadelphia Co coll tr 4%s
1961
Phila Electric 1st & ref 23As
1971
1st & ref M 23/48
;
1967
General
1192.
Pittsburgh Cine Chi & St Louis—Beries D 4s guaranteed
1945
Series E S'/aS gtd gold——-——1949
Seriis F 4s guaranteed gold
1953
Beries G 4s guaranteed
1957
Series H cons guaranteed 4s
1960
Series I cons 4%s
1963
Series J cons guaranteed 4%s—1964
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
Gen mtge 33/ss ser E
1975
102% 103
103%*;
i-
'
101
•
'
1053/4 1053/4
1
104%
106 3/a
101 Va
17
1003/8
102
101
J-D
1965
A-0
107
107%
5
1951
F-A
104% 104%
2
.100%
104 Ys
A-0
104%
13
1966
A-O
1948 /"
F-A
109
107%
1
1053/4
109
111% 111%
108'A
1033/4
1053A 1053A
104
J-D
1949
106 J/4
4
1111/8
113%
108% 108'A
13
104
108'A
110 3/a
106%
F-A
'
--
102
101%
*101
M-N
107
3-D
*113
113 V»
113
M-N
*115
II3V2
116VSi:
F-A
*114
114
114
F-A
125%
125% 125%
15
123
126V4
M-N
1253/4
1253/4 1253/4
10
124%
127
J-D
129
129
10
128%
134
A-O
129 5/e
129 5/a 129%
2
129
136
A-0
107 %
107V4 107V4
8
105
109
101%
104'A
129
•
3%s_ 1964
1st mtge 4%s
1950
4%t series B
1950
Pitts & W Va 1st- 4%s series A
1958
1st mtge 4%s series B
1959
1st mtge 4%s series C—:—
1960
Pitts Young & Ash 1st 4s ser A
1940
1st gen 5s series B
1902
1st gen 5s series C
i—
1974
»st 4%s series D
1977
Pittsb Coke & Chem 1st mtge
,
1965
;
Va
'
Pennsylvania Co—
91
1980
Gas El Lt H & Pofr gold 5s
Purchase money gold 4s
i...
-
99
1998
page
—
F-A
ref 3Vis series E
see
80
1
891/2
3%s series D
footnotes
21
85
.1998
N Y
For
87
89
.
Connecting RR 3 Vis A
Dock 1st gold 4s
Y Edison
96
*85
—
York Chicago & St Louis—
1st lien
98%
81
F-A
mtge 3%s series D
Ref mtge 3'As ser E__-__
N
77
80
1
86V4
87
77
82
85%
—1998
3V^s
Ref
Y
103 Va
H irVL
A-0
1997
3Vis registered
N
F-A
—1997
3Vis
Mich Cent coll gold 3 Vis
New
86
87%
^
—
registered
4
-
1954
series A
Lake Shore coll gold
70
85
F-A
deposit—
River
——
86 Ya
87%
deposit
3 Vis registered
;r
77
85Va
Ref & impt 5s series C_.
N
v
A-O
*751/4
A-O
f"
Ref & impt 4Vis series A
s
105 *A
Ve
A-O
mtge 3%s ser F
II2Y2
1983
A—,
Central RR 4s
103 Va
103
*101% 102%
106%
1001/2
1956
of
100 Ya
102 3*2
2
»
3-D
Gen
102
3-J
1954
of
series
A Certificates
106 %
J-D
1st &
mtge 4%s series
deb 3%s
1081/2
4Vis series D_
Certificates
A 1st
993A
2
■='
103
Pacific Tel & Tel 3%s series B—:-1960
Conv
111
deposit
of
A-0
J-D
-1971
1974
Gen
100
C
series
5
993/4100 %
103 % 103
J-J
I
-I960
J———1970
ref M 3s series L
106 3/a
1071/2
series A
of
101
103
•
J-D
&
1st
107
*100'%
B
Certificates
A 1st
A
5s
Certificates
30%
106 Va
993A
102 3*3 102 3*2
3-J
J-D
5s.
1st & ref mtge 3%s series
105
*106% 107%
of
Certificates
A 1st
20%
103Va
21
24%
Co—
1st & ref M 3s series K—
1061/4
F-A
5s
Inc
100%
J-D
1940
1st gold
Electric
104
tNew Orleans Texas & Mexico Ry—
5ANon-cum
&
13
*107
M-S
Orleans Great Nor 5s A
New Orleans Term 1st
23 Ye
■
Pacific Coast Co
A Income
New
-1946
1940
1946
Oregon-Washington RR 3s ser A--1960
19
3-D
debs
mtge
gold 5s
cons
105% 106
105%
1st
24
J-3
F-A.
1st
107% 107%
107%
A-O
Prod 3'As
Steel
110
110%
863/4
1960
1965
1954
Dairy
104 Va
107%
Gas & Electric 2%s—^-1975
Oklahoma
Pennsylvania Ohio & Detroit RR—
1st & ref 4%s series B
1981
1st & ref 3%s ser D
1968
*101% 102%
tANavgatuck RR 1st gold 4s
National
102
*99% 100
Pennsylvania Glass Sand
M-N
101
N
& St L 4s
104
107% 107%
*1043/8 104Ye
101%
*100
1947
Mutual Fuel Gas 1st gtd 5s
Nash Chatt
107
M-S
106%
3-J
1955
1968
A
4 Vis series B
M
Mountain States T
104%
Paterson & Passaic G & E cons 5S-1949
*83
F-A
1955
5s
Tramways
12
A-O
4s
23/4S
mtge.
1st & ref mtge 3s series
1951
—1958
2000
ext
Morrell (John) & Co 3s debs
Morris & Essex 1st gtd 3Vis
Montreal
105
98
92
a 1st
105
—v——1948
1974
1975
guaranteed
Ohio Edison 1st mtge 3s
■
series A
5s
93%
'
A-O
adjust
ACum
89
V
;
series
110 Va
1003/4 1043/4
•
40-year 4s series B__
Prior
110%
933/8
103
933/4
Missouri-Kansas-Texas RR—
Prior lien 5s series A
109
993A
22
M-S i
(Minn) 1st & ref mtge 3Vis
1st mtge 23As
(Wise) 1st mtge 3%s——
Ore Short Line
1971
1991
A
inc ser A
ser
87
711
96%
110
States Power Co—
Oregon RR & Nav con gold 4s
Paul
St
209
1043/4
F-A
——
963/4 102%
108% 1103/e
J-J
tOgdensburg & Lake Champlain. Ry-r-
111%
104 Ya
109
'
893A
*103
,2047
impt 5s series C
Northern
■'
89 3%
71
105
J-Jk
impt 6s series B
&
series, D_*
823/a
78
72%
5
78
101
2047
&
Ref & impt 5s
111
110
78
78
1073/a
98%
M-S
Minn
110
102
Michigan Cons Gas 1st mtge 3Vis_1969
*§AMidland of N J 1st ext 5s
1940
impt 4Vis series C__
1997
Ref
Ref & impt
,
M-N
t§AMet West Side El (Chic)
Michigan Central—
Jack Lans & Sag 3 Vis
—j.
Ref
M-3
(Southern Lines) 4s
1959
McCrory Stores deb 3 V4—.
—1955
A Manila RR
registered
114% 115
*1033/a
M-N
Steel
106
J-D
1st mtge
J-D
Pitts
__
'
J-D
95
A-O
95
95
A-0
95
9&
2
95
125 Va
125% 125%
106'A
106%'
99%
84%
^ 2
84%
99 »/a
1
84'/2
993/4
106
lOfi
*105
J-D
F-A
:•'
104
103%
1
106
*1041/4 105V2
1
J-D
*127
—
J-D
*117
—
125 Va|
125%
—
—
■
■
f
—
—
-
*
BOND RECORD
NEW YORK
RANGE
Last
Interest
Stock Exchange
F-A
J-J
*100
4s
tAProvidence Terminal 4s
1957
1956
*M-N
1968
J -J
1972
2037
2037
M-N
El
3%s
M
1st
Pwr
mortgage 3
'As
t \Providence Securities
3%s
Public Service El & Gas
1st
&
ref
mtge 3s
1st
&
ief
mtge
1st
& ref
5s
mtge 8s
lOlil
105%
A
ref 3s
&
1st
of
Oil
debenture
2%s
109 Va
110%
Superior Oil 3%s debs
108 Va
Swift & Co 2%a debs
107%
155
224%
*221
Gas
Tennessee
Quaker Oats 2%s deb.
102%
100 %
10
102Vi 102%
102 %
refund
Gen
102%
105
.1965
M-N
104%
9
108
105%
103
103%
103% 103%
98 Va
107
66%
28
66
60.
A-O
gold 4s—....—.1953
f
s
Elec Corp—
Gen mtge 4%s series D
Gen mtge 3%s series H
Gen mtge 3Vis series I
Gen mtge 3V4S series J
J5AR I Ark & Louis 1st 4Vis
jARut-Canadian 4s stpd
tS ARutland RR 4Vis stamped
M-S
*125%
M-S
1977
1967
1967
1969
1934
1949
1941
*110
_.
_1965
&
Pacific
.2000
J-D
1st
gold 5s
Ry 1st ref 4s
1960
income 5s
Jan 1960
& Elec
Gas
Tri-Continental
1st
20%
1
16
'
5
17%
y
Lawr
St
2d
106 3A
103 3/4
95%
81
92
92
79 Ya
95
M-N
99%
99%
*91
-■
Mountain & Southern—
tGt Louis Iron
———1933
J A 1st 4s stamped
of deposit
A Certificates
Rocky Mt & P 5s
St L
A
lien
A
•">
tst Louis-Southwestern Ry—*
1st 4s bond certificates
1
A2d 4s inc bond ctfs—-Nov
48
68
66%
129
51
71%
10
51
70
36%
51%
__
59%
Scioto V ft N1 1st gtd 4s
ISeaboard Air Line Ry—»
43 3A
41%
'
35k
36%
39
43
115
'
..M,
*86
J-J
78%
80%
8
J-J
81
81
81%
28
72
*112
''
'
—-
54%
F-A
A-O
62
.
i
~
*—
■
A-0
Gen
*28%
J-J
1947
J-J
130fe
—
133
A-0
873/4
105
.
102
89 Va
109%
1
86
120
51
86%
6
48%
48%
'
M-S
39%
53%
39%
39 Ya
Gen
54
553/4
54%
65 %
643A
65%
32
53%
Western
1
743A
64%
64'A
65 Va
40
523A
65%
65 Va
65%
9
53 Va
6s
'
__
F-A
1935
ctts
A
*87
95
*87
__
105
24%
24
-;.V
v
25
104%
19
104 Ya 104 Ya
A-0
104 Ya 104%
1063/s 1073/8
104 Ye
13
14
J-D
103
M-S
107
1063/b
109%
104 %
*1053/4 106
A-0
1063A
107
103%
1073/4
103
98%
'
49
F-A
*ii4%&-'
109%
*113%.V
112%
115%
100%
101 Va
103%
104 Va
118
123
13
101% 101%
M-S
*103% 105
M-S
1964
100'A
23
49
3s
A-0
1962
A-O
Southern Pacific
104 Ya
103
A-O
:
1043/s
M-N
124
103
103%
14
101%
109
104 % 1043/4
15
1043/a
106
1st
Power
89%
34
1955
A-O !
101
101,/
1955
M-S
*102
102%
gold 3%s__2000
F-A
5%s
*101%
J-D
1966
J-J
1st 4s
1952
A
..1977
series
4 %s
Pacific
F-A
J-D
inc
A—2014
84 Va
100
102
105
107
102
1165/a
117%
106 Va
107 5/a
••
107% 1073/4
105 Va
73 Va
105%
101%
•
*__118
A-0
103 Va
.60
1033/a
*106% 106%
J-J
1023/4
..
-w
101'A
107 Va
4
.
37
105
107%
r 107 Va
5
106%
108 Ya
92 3/a
May
107
105% 107
76
108%
108% 1083A
30
106%
109
J-D
105%
1053/a 105%
106% 107
12
105
108
19
105%
108%
103'A
*74
—
78
106
15
1950
1951
M-N
1960
M-S
5s
*
—
J"J
103 A
109
—"T
Gold 4fes~~—
1968
M-S
963/8
96
97%
Gold 4Vas
Gold 4yaSi—i—.—.
1969
M-N
96%
95Ya
97
1981
M-N
983/4
98Ya
993/4
1950
A-O
(Oregon Lines) A
_
Fran
108%
107 V*
1st 4s
Term
South Pao RR 1st ref gtd 4s......1955
gold
Southern Ry 1st cons
Devel & gen 4s series A
Devel & gen 6s
&
Mem
Div
5s
1013/4
82.
83Yaj
43
77%
78%
78%
793/4
18
74
1949
M-S
*109 Ya
1970
M-S
*106%:107%
1958
A-0
1960
J-J
194?
J-J
78 3/4
78
1013/4
101% 102
I
106
J-J
93
'
M-N
31
29%
853/4
.
105% 1053/4
8ASu
104
105
107
104%
106 %
123
44
:
1st
S
mortgage 3s
B
1st
4s
of
deposit
& Du div & term
ACertificates
/
1013/a
84
■v?
111
Co
ACertificates
1013/8
85
146
106
105%
105
:
guaranteed
JAWisconsin Central 1st 4s
105%
53
;
,
&
Winston-Salem
11Q%
923/4
1st 4s
of
1st 4s
1930
deposit.....
Wisconsin
Elec
Wisconsin
3%s
129
18
102
103Va
52
1950
A-O
113Va
113% 114
5
111
117
116
9
114%
122
1
116 %
125
•Friday's bid and asked prices;
106
109%
A
1951
J-J
76%
923/4
30
19
38%
20
35%
105Ya
29%?r 29%'A :
1055A 105% <
5
105 Ya
108 Y4
109
2
*108
110 Va
■
117
124% 124%
*107
95
34
§Negotiability impaired by maturity.
tThe price represented is the dollar quotation per 200pound unit of bonds.
Accrued interest payable at the exchange rate of $4.8484.
^Companies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such
companies.
127
103 Va
124%
117Ya
81
31
/
a Deferred delivery sale not included in the year's
range,
d Ex-interest,
e Odd-lot sale not
Included in the year's range,
n Under-the-rule sale not included in the year's range,
r Cash sale
not included in the year's range,
y Ex-coupon.
128%
A-O
105%
117%
—
106%
103 Ya
13
1103/4
1043/4
1043/4 105
J-J
A-O
J-J
90
87
109%
—
*117'A
A-0
1971
J-J
i996
gold 5s
St Louis Div 1st gold 4S
103
793/4
1968
1994
1950
1st
105
—.
Public Service 3 Vis
Power
103
—»
1950
6 Vis
gen
13
82
J-J
Wilson
J-J
Devel
M-N
J-J
Co—
M-S
San
130
103^a
1
103/jj
*108
—
107 5/a
126
1951
2361
2361
Wheeling & Lake Erie RR 4s
80
105%
*129
1977
1st 4 %s
66
--
106 3/a
114
Union
ser
Registered
103%
101%
'
—
110%
106%
,
West Shove
103
95
99% 1013/4
;
4
67%
Q-M
1950
gtd_
stpd
$
*103%
100
90
25
100 Va
3%s series I
Maryland
ref
&
108
96:
89
100
3%s—
5s
95
95%
Apr
Westinghouse El & Mfg 2%s
105'A
1
*103'A
__
F-A
,.—1979
debentures
10
102 3/a 102 3/a
J-J
1963
t§ASilesian-Am Corp coll tr 7s
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3%s.._..
J-J
109%
*..
j-;
Telegraph Co—
Funding <ss real estate 4%s
25-year gold 5s
101
105% 105 %
■
v
1961
1941
2%s sinking fund debentures
105'A
J-J
104
M-N;
Wheeling Steel 3% series C
M-N
Seagram (Joseph E) & Sons 3V4S-1965
b.iell Onion Oil 2Vis debs
1954
32
105
104
5
104% 1043/4
30-year
78 Va
81
\
:
103
M -Si:
1967
Ltg
Western
74 Ya
M-S
113%
203/4
—
F-A
mtge 4s
ref gtd
1st
Western
74
of
(Guaranty Trust)—
(Chemical Bank)
t § a Atl & Birm 1st gtd 4s
1933
ACertiflcates of deposit..
106%
110
•110% 111%
1981
1991
1971
mtge 3%s
West Penn
of dep
dep
60%
101% 103
105%
Apr
B
ser
1st
Petroleum
53 Ya
*__
ACtfs
Fla
3%s
Co
Westchester
119%
*—
-
94 Va
105
:
Washington Central Ry 1st 4s
1948
Washington Terminal 25/8s ser A__1970
114%
■
ACtfs
All
3%s debs——1959
4s Inc series A—
mtge
Walwortn
Warren
102
48%
-
.
—
107
;
5
103% 103%
mtge inc 4%s series B_.
1st
1053/4
101% 102
102
—M
105'/a 106
1945
Virginia Electric & Power Co—
1st & ref mtge 23As ser E
.1975
Va Iron Coal & Coke 1st gold 5s._1949
Va & Southwest 1st gtd 58^.——2003
1st cons 58
—.1958
Virginian Ry 3s ser B__
—1995
'
104'A
—
*__
—
_I"
A-0
grant 4s
Pictures
Warren RR
5A4s gold stamped
—195d
•ACertificate of deposit
} A Refunding 4s
.1959
*
ACtfs of dep (N Y Trust)—
s
ACtfs of dep (Chemical Bank)—
A 1st cons 6s- series A—1940
'ASeaboard
land
&
.Gen mtge
114%
40 JA
—
»131Ya
—
101%
—1967
Wabash RR Co—
-
10
56
*105Ya
M-N
J-D
102 Ya
W
95 Vi
100 Va
v
114%
——
54%
A-0
J-D
97%
72
J-D
46%
1163/4
87%
79'A
;\
85 %
M~n
Vandalia RR cons g 4s series A—.1955
Cons s f 4s series B—. —.—1957.
.50%
108
90
J-J
1950
deposit
59
42'
M-N
1989
1989
—1989
4s unstamped
563/a
425/a
43-
5s
1952
AGen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
tSASt P & K C Sh L gtd 4Vis
1941
St Paul Union Depot 3 Vis B—1971
of
99
48%
573/a
43
271
46'A 50
102% 102%
1013/a lOlYa
1971
-
{A 1st term & unifying
ACertiflcates
92V4
310
59
M-S
1978
ACertiflcates of deposit stpd—
4Vis series A
{a 1st gold
;tj'6
56%
59%
deposit
of
95%
53
•
j-j
1950
5s series B
Certificates
ACons M
95
*54%
deposit
of
Certificates
A Prior
-
103Ya
89 3A
88 3/4
893/4
47%,
102 Ys
A-O
103%
II
j-j
1950
98%
;.'V.
.
150
104%
55%
T-j
.1955
stpd
tJt Louis San Francisco Ry
A Prior lien 4s ser A
99%
6
\
130
102%
Pacific RR—
Universal
River & Gulf Division
,
6
—
F-A
34-year 3%s deb—-.———1970
35-year 3%s deb
1971
Ref mtge 3%s series A.—
—1980
United Biscuit 3%s debs——.
1955
96 Va
A-0
J-J
—--—1990,,
gold 6s—
104%
14
105 Ya 1063A
;
107 Va
108 Va
Af-S
Union Electric Co of Mo 3%s
1st
105 Ya
1053/4
U
30
J-J
30
*103 Va
J-J
27
24 Vi
103%
A-0
M 4 Vis—._ 1968
1947
1998
Island 1st 4s
& Adir 1st gold 5s
& Grand
106 J/a 106 Ya
75%
51
20%
24 Vi
Union
Jos
104
1949
tSAUnion Elev Ry (Chic) 5s
St
1093/8
18
1960
gold 5s
debs
Corp 3%
Union Oil of Calif 3s debs.
Saguenay Pwr Ltd 1st
105
109%
69 Va
*68
20%
J-J
106 Ye
J-D
of New Orl 3%s__1974
Tenn RR
AAdj
110
129
5
Pacific-Missouri—
Pac
108%
108 %
5
108
1073/4 108
139'A 139%
M-N
debentures
Trenton
67%
112
126
105% 106
1073/4
A-0
Third Ave
110
101%
106%
15
'
*125% 128
.1959
3s deb
Company
Texas
'
__
67%
M-S
101%
1105/a
3
107 Va 107%
J -J
J-J
imp M 4s ser C
F-A
79Ye
108%
J-J
4
1105/a 110%
2019
&
3s
110
62
M-S
M-S
1
35
105
*101% 102
J-J
impt mtge 3%s series B. .1974
&
ref & impt 33/4S__1960
Toronto Ham & Buff 1st gold 4s
1946
&
Gas
•
1055/a 105 Ya
105
10778
—
107 % 107%
103%
J-J
106% 106%
105 Ya
.1950
107%
106%
2
106
*103
M-N
106%
M- N
Tol & Ohio Cent
Rochester
■■
M -N
.1961
Transmission—
&
Texas
107 Vi
for 1945) due.1975
Copper & Brass 3%s
'96u
t§ARio Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A
1949
(4.7%
mtge
Gen
106
*107Vi
J-J
Revere
J-D
9
12
;y
Texas
A-O
1951
J.J
Tfcxarkana & Ft Smith 5%s A
R
coll 4s
64%
104% 1043%
_1950
„
1st mtge pipe line 3s
..—
RR Assn of St Louis—
Ref
Reading Co Jersey Cent
104%
High
106% 109 Ya
104% 107%
57
663/4
103% 105Y4
103
'
1063/4
101/e 1051/2
105% 107Ya
105
1065/e
1104 % 106
Terminal
Ref
Remington Rand deb 3%s
—1956
Rensselaer & Saratoga RR Co—
Low
3
245
J-J
J-J
106 Ya 107 Va
157
244Ya
No.
104% 104%
F-A
..1953
Range Since
January 1
Sold
Hiah
*61 Va
Apr
J-D •
Corp 3% debs.——. .1959
Oil
Sunray
.1964
..
Bonds
Bid & Asked
*1045/a 106
■
.1961
Standard Oil N J deb 3s
103 Va
*107% 108%
J-J
,.1960
debs
2%s
Calif
107 Va
J-D
.1968
C
103 Vi
..
*10914 110%
J-D
series
Spokane Internat 1st gold 4%s. .2013
Stand
43%
25
34
34
*98Vi
Af-S
113^
101
*113
1951
1st
.1964
Southwestern Bell Tel 3%s B
101%
108%
113
J-J
1977
Pressed Steel Car deb 5s
Potomac
Week's Range
or Friday's
High
94%
»104Va 106 fe
Sale Price
Low
104 V*
3
100%
100
100 %
J-J
1964
1966
5% inc deb
^Pittston Co
Low
Last
Period
January 1
No.
Uish
Low
Interest
Stock Exchange
New York
Range Since
Sold
Bid & Asked
Sale Price
Period
Bonds
Friday's
or
Friday
BONDS
Week's Range
Friday
BONDS
New York
7
ENDING SEPTEMBER
WEEK
FOR
Monday, September 10,
1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1192
__
-
132%
95 Ya
105%
.
Bonds selling flat.
no
sales being transacted during current week.
r
-
'
•
,
NEW YORK CURB EXCHANGE
WEEKLY
ZnSS&Z
the
week'ln* vfhich'they^occur.6 rtolSnl L"
In the following extensive list
Sept
1,
include
and
ending
the
furnish
we
present
Friday
security, whether stock
every
or
a
STOCKS
York
Curb
iUTale?'to"the
Acme
Aero
Wire
Co
common
Shares
Mfg
Investors
see
page
27%
'
rr
1197.
3Y4
3%
15 Va
Low
11%
11 YB
9
io
,
3 Ya
—f
■
.
.
33/4
3Ya
Week's
shown
Saturday,
on
Sales
Last
Range
for Week
of Prices
Shares
High
Low
Jan
27%
Sep
32
Apr
i
Air-Way
Electric
19
3 Ya
—,
Friday/
Exchange
Sale Price
20
17
11 Va
Curb
2Ya
Jan
22 V4 May
I
Alabama
Great
.>:•*'
16 Ya
York
Range Since January 1
VI
27%
^
are
7
■'
v./.;
1
(N J)
common.....
footnotes
'
— —
/
New
*
Hiah
"\t.
0
common
Convertible .preferred...
For
'
— -
1
Air Associates Inc
Air
;
r
Ya
1
B
Ainsworth
Low
6
10
Supply Mfg class A
Class
RANGE FOR WEEK ENDING SEPTEMBER
for Week
warrant®
range
Exchange for the week beginning
STOCKS—
Range
of Prices
Par
Motors
antl Whe" SeUlng 0UtSlde ,he regu"r week,g
the New York Curb
on
Sales
Last
Sale Price
ACP-Brill
RECORD
(Sept. 7, 1945). It is compiled entirely from the daily reports of the
Curb Exchange itself, and is Intended to
bond, in which any dealings have occurred during the current
year.
Week's
Friday
Exchange
YEARLY
complete record of the transactions
v
New
AND
3% Aug
Jan
700
3,100
..
.
•
..
5%
9%
17
11
300
400
73/4 May
-
.
Aug
2% Mar
00^/2
May
Jan
4J/a
Jun
37%
Aireon
Mfg Corp
103A
Appliance
_3
5Ya
50
Southern
117%
Feb
Sep
13Ya
*'
;?
Api
-i
Alabama Power Co $7 preferred
$6
preferred
Alies & Fisher common
Allied
Int'l
Investing $3
_III
conv
pfd
10 Ya
11 Va
5%
53/4
600
3Ya
Jan
117% 117%
50
99Ye
Jan
20,300.
,5% Jun
_
106
.1
63/8 May
40
50
37
Jan-
Aug
July
118% Jun
110 ■ July
10 '
••-6% Apr
40
11% Aug
132
115% May
21*
1
High
Low
•
•
Range Since January
Hiah
W
48
Feb
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
NEW YORK CURB
RANGE
Friday
Last "
STOCKS—
Curb Exchange
York
New
Week's
'_v '; ./'v.,
A
Class
'V' 'J
(Mich)
Products
Allied
Altorfer Bros Co commcn
Low
250
29
Jan
40
39
550
30
Jan
115
22
.22%
18%
18 Va
106
108
Jan
9
Jan
49
1
2%
.-100
Book Co
1
Central Mfg
American Cities Power ft [uight—
.—23
Convertible class A
117
Feb
600
19%
Jan
15%
Jan
100
650
86%
60
900
261%
117
110% July
46
-
Jun
3
.
trust certificates...
Wireless-
Voting
Jan
Jan
Cables
&
American dep rets 5%
Calamba
45
Callifce
Sep
Electric
Jun
Camden
25%
Jun
Canada
Bread
American
Fork
American
Gas
Hoe
ft
45
6
52
4
2,300
Jan
Jan
48%
Aug
421% July
50
6%
36%
112%
1
American
Jan
71/8 Mar
44 3/i
Laundry Mach
Light & Trac common
36 %
as
Jan
Jan
21% May
31
Jan
38
xlll
Aug
450
36%
5,400
112% 112 %
25
113/8
12
300
44%
443/4
325
8 J/8
44
411%
45
Jan
Mfg
American
Maracaibo
Co
108 %
Apr
Class
Class B
Canadian
27%
27%
27%
25
•
•
8%
8%
8%
200
1
"3%
~3% ~3%
9,500
;
voting
non
Capital
Sep
12
Feb
Carman
Co
&
class
Jan
36i% May
Carter
(J
17%
Jan
24i%
Jun
Casco
26%
26%
27
1.200
25'%
Apr
29%
Jun
Castle
(A M)
63%
63%
63%
125
51
Jan
70
3%
6,900
3
$8
47%
47%
lJ/4
24%
Jan
Jan
Mar
10
12%
2
12%
7
7
1%
1%
13
40%
Jun
Jan
53%
Jun
1,300
135
32
30%
5
5
43/4
5
•
2
8%
8%
6
6
Fence.
'
135
11% Aug
4% Jan
2,300
7
10a
•
•
1%
30,800
%
Jan
550
135
120%
16% Mar
7%
Jan
18
1%
135
Carolina
Catalin
&
P
L
$5 pfd
Co
W)
dep rets ord reg
£1
...10
Co
of
1
1
America
Central
Hudson
Central
Maine
New
Gas
ft
Angostura-Wupperman
Apex-Elec Mig Co common
Appalachian Elec Pwr
pfd
Argus Inc
*—1
Steel
Central
Ohio
Central
Power
Jun
Central
ft
Aug
SCent States Elec 6%
~8%
00
•
com
1
Jun
Mar
Conv
8%
1,500
5%
Jan
10i%
Apr
Conv
Sep
8%
Jan
Jan
19%. Feb;
24
Jan
31
Aug;
10%
Feb
I
OS"-
00
2,700
6%
1,100
3%
Jan
6% July
Jan
20% May
—
Cessna Aircraft Co
Arkansas Natural Gas common
class
Common
A
200
25%
25%
100
20%
1113/8 111%
83/4
9%
50
—
111%
9
•
43/4
43/4
•
4%
4%
10
10%
103/a
non-voting—
preferred
6%
"3% "3%
co^
3
Jan
4
Feb
9%
2,400
7%
130
104%
Jan
28
May
llli/e
Jan
1,400
7%
Jan
9%
Jan
4%
1,700
3%
Jan
6%
Jun
5
4,500
3%
Jan
6%
Jun
400
10%
Jun
10%
114% Mar
11
Feb
Corp
14 %
12 %
100
14%
118
4%
10,000
17% Aug
Arkansas Power & Light $7
Aro
Equipment Corp
Oil & Refining Cp
preferred. •
2.50
Ashland
Electric
Associated
Atlanta
67
130
63
Jun
20
60
18
Aug
20% Mar
20%
20%
25
18
Aug
30% Mar..
4Ve
43/8
5,800
113/B
113/8
113/8
100
8%
123/4
123A
123/4
50
10%
Coast
18%
19
1,200
10%
11
13,600
Feb
113% May
16% July
7% Apr
231/4
Jan
11
Atlantic
Coast
Line
Jan
4
3% Aug
Sep
10%
1
;
7%
70
$6
preferred BB
Stamping
City & Suburban Homes
1%
300
10%
325
3
Jan
17
Feb
Claude
July
104
Aug
Clayton
Feb
Cleveland
100
5
1
(B F) & Sons common
preferred—
Ayrshire Collieries Corp
Electric
851%
Jun
ClinchfieW
Jan
41%
Jun
Club
12%
1,700
10%
Feb
12%
2,100
17%
Jan
24%
Sep
12
Apr
18%
Jan
12%
13%
6%
6%
300
51%
500
Jan
71/4 May
Coal
Cockshutt
ordinary
Colorado Fuel ft Iron
15
23
Jan
26%
Jun
Co
20
300
16% Mar
20
Sep
Columbia
38
40
293A
2,300
«...
Jan
40i% Aug
13%
12%
shares
American
Barium
Steel
Barlow
40
13%
Aug
30%
900
Jan
43
13%
Jun
Gas
—
/
>■
303A
__
12%
Apr
,/4%
~4%
18%
.18%
18%
250
15%
Apr
63/4
Corp
$1.20
Inc
Basic Refractories
(L)
Baumann
common
6%
6%
1,900
53A
Jan
Brummel
Beau
Bell Tel
Benson
&
Hedges
—
Sep
Feb
Blauner's
(E
30
36
36%
10%
15% May
133/4
200
10%
Jan
14%
Jun
30 J/4
1,800
15%
Jan
36i%
4%
2
38
51
28%
6,500
15%
Jan
28%
Sep
233A
2,000
9%
Jan
23%
Sep
132
38
110
50
Jan
38
Feb
Jun
July
12 %
Jan
15
Sep
1%
1,500
%
Jan
2
May
35 Va
600
343/8
Sep
48
Feb
900
2%
15
700
2%
23A
22%
21%
223/4
1,900
20
173/8
17%
17%
600
15
5%
1,900
5
6%
6%
3%
Aug
4%
Jan
24%
Jan
19
Feb
Feb
6
10%
Jun
Jan
17
Ltd—
21%
22%
223A
Mar
20
May
Jun
35
May
20 3A
500
Aug
23%
19%
£
—
—
—
Jun.
Jan
22
63/b
5% Mar
10
25
Jun
20%
8%
8%
common
Class A preferred
Brown For man Distillers
8%
34
33
34
22%
21%
22 3A
prior preferred
Brown Rubber Co
500
"5%
5%
5%
Apr
33/4
Jun
Jan
83A
Jun
500
24
20
Feb
91
34
Jan
1,300
Feb
—w
common
Jun
2%
5%
A-,
Class B
33/s
1,700
•
Aug
Co common
Mills
preferred
13%
13%
133/4
28%
283/4
29%
Jun ;
Jan
142
Jun
13%
Jun x)
Jun
117
122% May.
Jan ;;
110% Mar
'
8%
[!
I!
ll%v Jun
Jan
9%. Feb
100
19%
Jan
1%
Jan
8'/a
Jan
22% Jun. ] i
35%
Jan
43
Jan
50%
18
400
41
42
550
50
49
50%
600
6%
200
6%
37%
4
500
19 %
21
2,300
6%
6%
400
38
37%
38%
1,400
93%
93
94
iV
r._
33
240
14,100
JO
1
•
200
1%
25%
Jun
j I
/;!
3% Sep
Jun
14%
350
11%
77
78
115
115
700
79
11
—V
700
50
115%
—
Cornucopia Gold Mines
$6
Reynolds
ft
preferred A
Petroleum
Cosden
convertible
5%
6%
7
61
17 %
61
22
20
•
2,100,
2%
1,300
18%
14
15,100
22
2%
100
22%
6%
7%
23
7'
62%
2,600
7%
3,600
23
4,400
102% 103%
103
300
20%
20%
20%
800
•
7%
7%
7%
2,950
5o
*
1
—*
Co
Coro Inc d
Cor' '/on
Jan
5%
May
21
Jan
Aug
7%. Jun;
34% Mar
41 %
Apr
96
>
3%
98
preferred
27%
Jan
Aug
Jan
3»
36%
Jan
Jan
11%
Junr
r?
Jun,
/.
2% Mar / ;;
15%
Jan
Jun. n
II
Feb
Jun
43% Mar ;
Jan
12% May ;
7V8
67%, Jan
2%
"80
118%
Jun
43 %
Jan
8%
Jan
2%
Jan
3
J,un
Apr
20%. Sep
9% Jan
Jan
6% Aug
800
2
Jan
4
97
98
90
84
Jan
109
35%
•fa Jan
it
32
'
;;;
3j
Jun
21% May
2% Aug
75
36
-
;3
113
2,500
1,000
3
Jun
233/4
Jan
.
Jan
7%
/
;
Sep
33/e Mar
102% Aug
15
1
>3
May
25%
•.!"'!
.
18 3/4
16% Aug
4% Jan
13%
65
%
2%
]3
110% Aug
7%. Jun
./
"3%
2%
i
Aug
114% July
14% Mar
2%
l
Feb./;;;
106% May ,V
5% Apr I
"3
%
1
50
common
71
1/64
Feb
Jun
40
:
Feb
3%
Feb
.
,
3 July
>
Counaulds Ltd—
American
Croft
Brewing
Drug Co common...
convertible preferred
Crown
"%
Crystal Oil Refining
$6 preferred—
Atlantic
Cuban
Cuban
common
Sugar
Tobacco
Curtis
Lighting
common
Inc
common
25%
3,400
24
Aug
1%
1%
5,600
1
Jan
31% May.
1% Feb
9%
9%
9%
700
8
July
8"%
8%
9
4
3%
9%
5
•
2.50
~
1,400
7% Mar
15
-
Jan
1%
3%
500
3%
Jan
25 %
1,600
—
•
—10
...I
(Mo;
Curtis Mfg Co
24%
—5
•
25o
.25
Milner ft Co—
Cent Petrol (Md)
Cork International A
Crown
10%. May
25%
1%
-•
Co
Crowley
Crown
Jan
8
1
receipts (ord reg)__£1
dep
Petroleum
Creole
Apr
2%
Jan
11%
'
'
i
11% July :
19%
4%
3 28
Feb
'•
M
Feb
;i
July
4% Man
Apr
61
Juri^'
31
Jun
3,400
13%
200
12
18
Jan
8
Jun.
13%
14
53
27%
13%
27%
11
*
22% Mar
32
53
26
14%
450
10% July
14%
20
Aug
4% Mar
•;
/
Jan
i
I
tf
3 J
i *
t
Sep
<3 /3 ':n/..33
•
*
D
.Davenport Hosiery Mills
Dayton Rubber Mfg
Class A convertible
Aug
5%
Jan
Jun
116% 117
Dejay Stores common
Mfg class A common
06 prior preferred
8% debenture
Derby Oil & Ref Corp
Detroit Gasket & Mfg
13
13 Va
1,900
21/a
2
2%
15,800
25
5%
6
•
-
43/4
53A
6
6
16,100
200
Iron
Foundry
Detroit
Gray
Detroit
Mich Stove Co common
Jan
133A
Jan
Feb
Sep
Detroit
29%
117
Sep
/
Jan
Jan
14% May
1%
J<in
234 May
Jan
:
Jan
4%
■
1%
Steel Products
Co common
preferred
8
37
37
10
10%
10%
7 3/8
8
Jan
37
Jun
950
36%
22 Va
Jan
36%
Aug-/; 1
20
35%
Feb
40% Mar
400
7%
Apr
113/4 July/
8
1,400
5%
Jan
87
30
50
•
~8%
8
8 3/a
1,500
82
Apr
138
/ 87
100
Apr
8
Sep
Jan
17%
17%
100
16
21
1
21
200
20% Aug
1
2%
23/8
2%
1,500
1%
Jan
1
10
10
10
7%
73/4
7%
1,300
5%
Jan
Diamond
34
35
35
400
27
Jan
1
Corporation
Divco
Dobeckmun
Co
common
1
92
Feb
Feb.
page
1197.
j
>
U
I
?)
-
142% May
11%
Jan
■
18 Va
Apr
/
213/4. Jan
,
27/s July/
:.
j
77/e Aug
j
Sep:
{ '
35
Apr
303/4 Aug
- ;
Feb
12
Jun
•; •
29%
33%
.
30
22
22%
22
22%
223/4
33
33%
1,050
18
Jan
30
Jun
;
■
700
»-
13%
Jan
25%.
200
11%
Jan
23Ya
300
20
Jan
36
I
July".'; >
Jun
,
j
July/ M
'
-
see
3
10%
1
6^/4 Mar
9%
25%
30
Shoe common
Diana Stores Corp
5%, Sep
"i.
35%
38
50c
5
31
36%
Aug
103A
3
*
—.—•
1
20
preferred
10%
Mar
111%
200
13%
2.5
—
Dennison
De Vilbiss
12 %
common.
For footnotes
;
if
13% July V
6%. Feb u
*-3% Aug
8
I
vl
.
Sep ;
6% Jun/:
Jam
1
100
1
Consolidated Mining & Smelt Ltd—..5
Consolidated Retail Stores
1
Consolidated Royalty Oil
—10
Consolidated Steel Corp
•
Consol Textile Co
10o
Continental Fdy & Machine Co
1
Continental Gas ft Electric Co-—
7%
prior preferred
100
Cook Paint & Varnish Co
—
•
Range
3%
41
preferred series C
Consolidated Gas Utilities
Copper
f
800
14%
14%
33%
1%
33%
*
100
preferred
series B
28%
31%
19%
|
if
135
Jan
;
H
i
;
51,400
3%
42
1
Co
20%
15,500
"
;
Biscuit
10
2,400
116%
Burry Biscuit. Corp
H)
23
2%
•
preferred
«%%
Apr
98
v
1st -preferred
Hill & Sullivan
Burma Corp Am dep rets.
(P
1946
41% Aug
9%
2
Bunker
Butler
extended to
c
Jan
33
.
-
$5
1,100
17
25
1
Gas ft Coke Secur common
6%
._.A
Ltd
Buckeye Pipe Line
Buffalo Niagara & East Power—
$1.60
70
5
113/8
22
3%
warrants—
Service
Consol G E L P Bait common
Sep
26%
•
Silk
24%
Apr
^
o..
reg
Brown Fence & Wire
(EL)
Jan
9
22% May
Feb
19%
«
—
British Columbia Power class
Bruck
Jan
Tobacco—
dep rects ord bearer
dep rets ord reg
Bruce
t
$3
Jan
31
«...
—
-
Southern
&
Jun
«f 5% Aug
100
common
Araer dep rets ord
$5
1351/4
Jan
32
57%
1%
5
A
Celanese
Jan
40
2%
Aeronautical..
American
Jan
1,600
343/8
143/8
British American Oil Co
British
3%
16,300
"l%
10
Bridgeport Oil Co
Am
4%
5% Mar
35%
Inc
common—
120*'
1% Febv j j
85
11
100
Public
Consolidated
Jun
132
Brazilian Traction Lgt & Pwr
Breeze Corp common
Am
Mar
13%
10
1st preferred
2d preferred
British
Aug
29%
4%
common
preferred
Co
Sep
17
500
133/4
Borne Scrymser Co
Mfg
3%
Jan
123/8
203/4
Class
Mar
115/8
24%
■■■•■
Feb
Jan
14% July
233/4
Brillo
1%
46%
46
600
28%
Brewster
Mar
48,600
Bohack
$5
30
Jan
153% July
3%
55
7%
5%
Jan
Aug
15%
53
Bourjois
33
2%
53
Bowman-Biltmore
14% Aug
Jan
15%
Ridge Corp common
optional convertible preferred—
Blumenthal (S) & Co
1st
Jan
Mar
29 Va
$3
7%
Feb
11%
Co com—
Blue
Co
145
130
Jun
33/s
common
(H C)
11%
125
3% Aug
900
36
71%
15%
common
W)
4 3/8
20
Jan
18%
__
common
Birdsboro Steel Fdy & Macb
Bliss
5% Aug
Mar
9
100
500
150% 150 Va
36
common
Convertible preferred
Berkey & Gay Furniture
Bickfords Inc
13%
33
4
10
Canada
106
—
32%
common
of
Feb
8% Mar
—
13%
Aircraft
Bellanca
3
9,700
—
——
——
1
common
1,550
4
;
16%
8,700
4%
Ties
Mills Inc
Beaunit
5Vs
—
10
1st preferred
7%
11
it
150
'
Electric—
&
preference
Conn
Apr
&
Seelig Mfg—
convertible A common
120
11
1,000
20'A
128%
126
120
25
Community Water Service
Compo Shoe Machinery—
V
15%
9% Aug
—
—
common
127'A
1
100
19%
•
Coltj's Patent Fire Arms
May
Andes—
los
%
100
warrants
Jan
400
—3
Rubber
de
Feb,
1
1
25%
Community
40
preferred
7f'o
Baldwin
Sep
14%
,
Airlines
Colonial
Baldwin Locomotive—
Banco
45
Sep
Jan
•
common
20
1
common.
Feb
11%
•
Co
Commonwealth
warrants for
34%
175
•
Co
Development
Colon
Plow
10'%
& Wilcox Co
•
550
12
100
251%
25
B
Purchase
;
Jun..
45
«
Corp
Utensil
Aluminum
5%
Babcock
1273/4
I
Jun
23 »/4
24J/2
13 >/2
14
u
Apt/; f
11%
19%
|
j
<
42
100
1
Mfg
Illuminating
,j
> Jun-
21
Jan
; |
Jun
23
12
I
Inc
5%, Jan
;
i
+
I
45
10
:
Co
Lights
& Lambert
Jan
4%
5
6%
Neon
2%
•
Avery
11%
Controller
Clark
58V4
12%
,
1% Mar
7% Aug
3,700
Jun
300
70
4 J/4
23%
Machine
8%
10%
12.800
68
4%
——1
Products
10
8%
50
Corp
Voting
preferred B_
60c
112
Mar-'
15
18% Jan
•
•
•
*
preferred
8% Aug
% Jan
9
100
Co
Automatic
1%
— —
•
Atlas Corp warrants
Atlas Drop Forge common..
Automatic
$6
101
9
__
•
pfd
Fisheries
Plywood
18 3/4
£1
!
& Coast RR Co
Atlantic
Atlas
110%
30
80
Feb
10
City Auto
Tel ft Tel class A
Birm
113 %
10%
1
American
Associated
113
Industries—
dep rects reg.,
Associated Laundries of America
.
113
»j
64
20%
,_1
—100
Service common
|
>
Mar
20
.10
Consolidated Mining
S Childs Co preferred
;)
5%. Jun;
,32
67
1
common
I,
Apr;
20
5
common
Jun-
14%. May Vi*
122%
H Apr
325
:
:
May;.
Apr;-
107%
Jan
20 Va
100
Chief
10
'
Feb
~3%
Mar
120
Apr
19 Va
Cherry-Burrell common
5
Chesebrough Mfg
25
Chicago Flexible Shaft Co common—*
Clncago Rivet ft Mach
4
Cities
Jan
118% May
"43/8
Chamberlin Co of America
Cnaris
10
^ 7% July
19%
pfd opt div ser 29
preferred
119% July
May
14%
50c
pfd opt div ser
1%
Apr
50% Aug
100
100
*.100
Utilities
5
19
Feb
116%
100
preferred
34%
9%
14%
pfd
33
Jan
105 % 105%
105%
Proaucts
South West
9%
pfd—100
Mar
100
100
5%
Light 7%
Jan
18i%
1
CO
1
•
100
1
Jun
300'
1
1
pfd
Power
Jun
&
Elec
7%
Power
York
Jan
?
4%
21% July ;
9
Anglo-Iranian Oil Co Ltd—
Am
Jan
17
9
16 3A
17
&
Corp
1
4Va
2,200
Jan
42%
50
116% 116%
•
com
900
32'A
.
Jun
12
20
49
Jun
Jan
41%
25
4%
31
200
v
9%. Jun*
8% Jun;.
28
49
Products
37%
27%
Apr
1%
36Ve
.*
common
32%
3%
5
July$
9% July
108%. Apr
Jan
5%
•
Co
1,100
38
6
•
A.
Class B
Carnation
4,700
47%
22%. May
,
'
25% May
*
City Products
23%
American
Post
25
10% May
Alcohol—
Marconi
Central
Anchor
Ltd
voting
21%
•
Republics
American Seal-Kap common
Amer Superpower Corp com
1st $6 preferred
$6 series preferred
American Thread 5% preferred
American Writing Paper common
Co
Industrial
A
36 %
•
6% Mar
-.100
23%
Chemical
700
/
10%. Aug*
8%. Jan
preferred — *
Canadian Car & Foundry Ltd—
Participating preference
<•
Ltd
6%%
35%
1
7%
4% May
Jan
Jan
Jan
21%
Co
7%
7%
6%
Jan
23 %
American Meter Co
Potash &
7%
Jan
100
300
July
100
common
1
9%
10
May
Jun
July
52% Aug
Mar
9%
8%
35%
18
9%
■
•
Co,
25
150
3% May
common
54
Jan
4
Jan
5
Sep
113%
July
Jan
1%
20
it Aug
17%
213/4
35%
July
2
200
3%
5
Insurance
25
American
High
*
Fire
20
preferred
American
it
11,000
3,500
21
1
25
Hard Rubber Co
American
45
M
,21%
100
10c
preferred
General Corp common
$2 convertible preferred
$2.50 convertible preferred
42%
,
%
•
4% %
American
%
10
common
& Electric
American
6%
44
& Foreign
Low
3%
II
10
.
Corp.
Cement
3%
£1
1
...
Power.
Tungsten
541%
Jan
Canadian
Cyanamid Co common
10
Power warrants-
American
American
Range Since January 1 'iV;
High
ICO
50o
pfd_.
Estate;
Sugar
Caliiornia
Mar
11%
44
6%
Low
'
50o
Cable Electric Products common
Sep
Canada
1
Class B
53
20
22%
Jan
1% Mar
2,200
19%
25
A
3
51 J/4
20
American
Shares
Par
Jun
Jan
108
American
for Week
Jan
36 J/4
112%
4,000.
-100
American Beverage common
Sales
•
Range
of Prices
Aug
250
46%
114
108
Week's
Last
Exchange
39% Aug
45 %
-100
Curb
York
High
3914
8%
46%
...
preferred
Aluminum Goods Mfg
Aluminum Industries common
Aluminium Ltd common—
6% preferred.:—
6 %
Friday
Sale Price
New
38%
38%
7
Range Since January 1
Hijh
*
Aluminum Co common
Class
Shares
39
23
common
conv
for Week
Low
10
SEPTEMBER
STOCKS
Range
Par
—
EXCHANGE
ENDING
Sales
of Prices
Sale Price
;V-1*''
FOR WEEK
US®
*
\
•
Monday, September 10,
1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1194
NEW YORK CURB EXCHANGE
RANGE
Curb
Week's
ef Prices
Sale Prloe
Par
Ltd
ft Coal
Steel
Dominion
Co Ltd
Chem
Dominion
Tar
Dominion
Textile
ft
Ltd
Co
——*
Corp
Draper
Co
Driver Harris
Test Corp
66
Jun
Jan
95
Apr
Horder's
2872
Apr
10
Jun
63/4
Apr
84'/2
803/4
84%
225
91
90%
91
100
15
Aug
15
Aug
67
•
May
70
Aug
74
8472
Apr
Sep
Heller
Co
9
9
£1'
1V/2
11%
11
4%
43/4
1,400
12%
12%
200
43/4
common
.
97a Aug
Horn
(A C)
May
Horn
& Hardart
33/a
4% Aug
Jan
143/4
ll3/4 July
Feb
Horn
4 Ya
6%
100
—100
prior preferred
%
preferred
Eastern
States
Corp
preferred
787a
Feb
2
533/4
725
467a
Feb
60
357a
25
33 Va
Jan
3774 Mar
2%
1,300
l3/8
Jan
27* Jun
2
573/4
58
225
477a May
57
58%
450
47
44
$6
42
44
11%
.-i;.
•
•
Light 2d pfd A
warrants
11%
1,125
200
Co
.IS
.10
common
972
15% July
Jan
28,900
200
9574
Jan
101
1,700
973/a
Jan
10572
70
Jan
113
50
3%
2%
S
15
300
1174
41
975
3574
15
10c
1
Equity Corp cominon
$3 convertible preferred
Inc
;J
Pipe Line common———SO
4,200
200
2%
15,800
10574
2VB
1%
46
46
463/4
75
12%
127s
13%
900
28%
28%
28%
50
35
36
1
Eversharp Inc new common——
27%
lvu
26%
Ju
1,100
Oil ft
Refining
Fibre Corp—
Ligonier Co....—
$2.25 preferred
Com stk purch warrants
Huyler's common
;
Hussmann
Jan
Jan
41
Sep
33% Jun
Jan
10872 May
Feb
■■>
Zinc
Co
—-8
Co—28
10
Fodders Mfg Co
Federal Compress & Warehouse
Ireland
Jun
(Phila)—
Association
Fire
Jun
Jan
47
483/4
2,900
16
Apr
1772
Jan
387»
Feb
55%
Jun
972
Jan
5072 Aug
2372
Jun
24%
56
75
July
Apr
Jan
Ford Motor Co Ltd—
II
rets ord reg
CanadaClass A non-voting
Am
dep
67a
672
1,400
*
26%
—
2674
100
•
voting
B
Class
53/4 Jan
8
May
of France—
Amer
dep rets bearer
Fort Pitt Brewing Co
2278
273A July
Jan
28
2274 Jan
Jun
Motor
Ford
$3
& Malt
Grain
Froedtert
common
Co.....
stock
convertible
4%
1
1
1
——•
preferred——100
(Geo A)
conv
574
100
37a Jan
7% May
574 Mar
Stores
Franklin
574
26
1.25
1
Brewing
Franklin Co Distilling
Fuller
5%
■
(Peter)
Fox
6%
Motor of
Ford
27
800
4
474
200
3,000
137a
12
133/4
253/4
25
2674
650
277a
27%
283/s
900
Indiana Service
7
Feb
2472 Aug
37a Jan
34
Jan
10% July
17% Jan
i
4% Aug
13% Sep
5 %
rower
co
a
Jan
Jan
82
Jan
114
Jun
29
Common
....
4472
43%
457a
4,200
10%
5,300
General
—1
common
.....
preferred.....
Alloys Co
Gen Electric Co
—•
5%
preferred
—11
1
series A_
Public
General
Rayon
General
$6
Service
Co A
North America
Preferred
$3.50
10
International
*
series
Metal
50
Industries
Warrants
A
shs—•
coupon
Registered
shares
International Products
$3.50 preferred
Interstate Home
B
_•
com.—15
!
Italian Superpower A
1
i
—
Jacobs
(FL)
300
53
~33/8
115
Mfg
*17
17
100
200
2,800
900
class
•
6372
647a
75
3972
10572 1057a
•
Mines.
15
Mar
2272
2374
650
1374
13%
2,200
,
10
,i
.'
Atlantic
7a
7a
103/4
Non-voting
Pacific
common
Northern
stock
11%
common
48
48
323/4
35%
:>•/ 9
f
17
127a
•
•
99
Feb
Apr
Kidde
Jan
233/4
Jun
Jan
14872
Jun
93A
Jan
374
Jan
4
92
Jan
104
Jan
274
19%
111%
Jan
115
110
15
.'Jan
Jun
Paper
19 3A
(Walter)
Klein
Kleinert
(D
Emil)
(I B)
75
81
76
100
■
May
Ltd.
Hartford
Electric
Hartford
Rayon
Harvard
9
177a July
17%
2472
Jan
372 May
Hat
Corp of America B
Hazeltine
Hearn
Hecla
Helena
non-vot com
Corp
Rubinstein
Class A
.
•
10
4%
new
convertible
Krueger
common..,
1st preferred
Brewing
Co
Lake Shore Mines Ltd
103
Jun
1
..100
July
July
Corp
of
;
Delaware
—1*
5
72
Jan
172
Jun
Lane Bryant 7% preferred
Lane Wells Co common
Feb
393/4
Feb
Langendorf United Bakeries class A..*
60,800
500
7%
Jan
Jan
106
133/4 Mar
Class
Jan
/
1% Aug
1% Aug
3
Jan
91
July
200
98
250
853/4
Feb
21%
400
900
19'
Jan
1015/8
193/4 Mar
4074
Jan
20 3/4
1
22%
39
213/4
40
3
557a Mar
96
96
8772
Feb
143/4
14
143/4
1,000
193/s
197a
193/a
4,900
Jun
233/4 Aug
.42
Aug
245/a May
97» May
"97a
May
Jan
22
Mar
Aug
217a Mar
900
2%
"5%
16
187a
19 7a
40C
2%
50
"l% "l%
"l%
274
Jan
21%
227a
11
10%
11
17a
100
2172
2
Jan
173/8
%
17a
Jan
19
Feb
313/4 May
537a Mar
Jan
600
it
Jan
374
Jan
23
12,100
35
%
13
872 July
5172
30
30
30
Jan
42
Feb
Jun
17a
Feb
w24
Jan
1,900
974
Jan
July
13% July
1,700
1
Jan
4ya Mar
650
2 74
14%
157a
3,500
93/8
14%
2,500
8
1174
16%
Jan
43A
Jan
Jun
9%
Sep
10674 107
75
104
Jan
108
Aug
1097a 109%
113
113
90
108
Jan
110 3/4
Jun
114
Feb
24
20
xl08% Mar
50
243/4 May
21%
Feb
1167a
24%
Jan
50
Feb
May
37
Aug
Leonard
200
77a Mar
5172
974
Apr
20
1372
Apr
Feb
Jun
100
400
86
Jan
10372
Feb
Jun
140
Feb
200
3572 Mar
42 Vt
17
July
18%
3,200
103/4 Mar
22%
Jun
8%
500
~
_1
500
2,000
Feb
120
Jan
19
Jun
35
Aug
12
Feb
13
287a Mar
874 May
90
12
1,100
7%
Jan
109
July
Feb
9%
Jan
Apr
Aug
58
10
5374
Jan
3
1,200
l3/4
Jan
4
100
9
800
32
300
10%
800
12%
13%
5,100
25%
25%
100
15
15
50
Aug
22%
23%
2574
Jan
„
76
76
60
527a
Jan
77
Aug
—
66
66
30
433/4
Jan
75
3%
Jan
57a
Sep
7
Apr
972
Jan
22%
53/8
500
5.74
—
800
l3/8
18
3,800
75/8
1%
1%
57a
7%
Apr
900
Jun
1t75 Aug
Jan
157a
__
173/4
Jan
187a
Jun
9
18 7a
Sep
200
17%
8%
167a May
147a Mar
18
Aug
1,700
187a
16%
8%
100
874 Aug
10
Jun
99
18%
Jan
100
Jan
9
Jan
1174
23
—
..
——
10
Feb
11472 Mar
10%
3% May
7
1274
Feb
Jun
(Thos Ji Inc 6%
Lit Brothers common
Jan
57/a Aug
6%
Jan
113/4 Mar
15%
16%
1,000
109 5/a
Loblaw
Class
Groceterias
Class
A
Locke Steel Chain
Feb
7
19
17%
16,400
197a
ctfs
of
dep
__
preferred A ctfs of dep
preferred B ctfs of dep
Land & Exploration
II
Lynch
"53/4
~4%
:r
2,000
Corp
common,
77a
Mar
70
/ Mar
1%
Sep
Feb
13%
Feb
2,600
;
<2%
Jan
377a May
19
Jun
~5%
6,800
Jan
197a
Sep
307a
Apr
2 3/4
Jan
5%
Sep
„
Mar
2472 May
July
22%
100
*18 7a
Jan
24
13%
2,300
107a
Jan
15
Jun
,*1%
IVa
14,700
174 Aug
2
July
88%
1%
89%
200
85
July
96
Jun
827a
73/8 : 7%
'
22%
13%
13%
350
8074 Aug
89
Jun
3,300
80%
73/s
-
-
38
7
Aug
113/8
110
a
Jan
Jun
Feb
14
24
803/4
1
Jun
27%
5
10
Louisiana Power & Light $6
pfd
Jun
32
17
Long Island Lighting Co—■
Jun
8
287a
1%
16%
•
Feb
32
4
"l%
•
Lone Star Gas Corp common
Aug
17
Jan
48
"l%
17
•
B
110
Apr
13 74 Mar
25%
preferred__.28
Feb
114 7a
32
Jan
40
Feb
Jun
May
Jun
38
38
...
100
6074 Jun
n
3%
Jun
47i Mar
Sep
Jan
Manischewitz
674
Jan
113/4
Jun
8%
Jan
13%
Jun
Mapes Consolidated Mfg Co
Marconi Internat Marine
263/4 May
1574 Aug
M
Manatl Sugar optional
warrants..
Mangel Stores common
9
Jan
Jan
3%
300
10
Corp
Lipton
36%
14%
157a
1,500
97a
5
J
203/4 Mar
1,700
5%
8%
167a
197e
5%
,
8%
\
Line Material Co
May
187a
5%
6% Mar
28
J
29 74
18%
•
Development
Le Tourneau (R G) Inc
6%
9%
18
35
,..,1
Oil
Louisiana
83/8
18
34%
,
July
38
117a
—r
_
22 Va
Aug
110
;
39%
8 3/4
874
B
2,000
10%
32
12 %
v
Jun
Jun
7774 Aug
78% Aug
200
2,000
-
100
;
Lefcourt Realty common
Convertible preferred
4
10%
577a
116
Jan
87
1
1
30
27
83/a
2
1
Lamson
2 3/4
j
1
—
Lakey Foundry ft Machines
800
58
•
Dept Stores common..
Mining Co
...1
common
47
6
jg
2
'
]
Jan
8
ctfsl___l
12% July
29 74
Jun
53/4 July
1,500
•
~
Light
voting trust
Brewing Co
__1
13
iq
_
Jun
Jun
Jan
1972 May
21% May
177a
110
117a
15
15
52
260
2
Jun
1%
Co
100
400
•
Rail
774 July
Jan
Jan
'
Kresge Dept Stores—
H
Paper
Co
Jan
Aug
37%
8%
July
24% Aug
*11374 Mar
20
81
1%
2
35
100
Rubber Co.,
Kobacker Stores
17
Jan
12%
99
18 3/s
25c
607a July
May
28% Jun
113/4
200
79
18
5
:
pfd B
:
Sep
Common
Hammermlll
Co
Kirlrland Lake G M Co Ltd
Apr
127
•
common
Gulf State Utilities $4.40 pfd
Gypsum Lime ft Alabastine
Lamp Co
Hamilton Bridge
&
Petroleum
Apr
123/4
163/4
28
'*v
a 14% 115
79
8
Mar
5272 May
11%
7a
257a May
20
137a Mar
:
100
II
33 74
9
Jan
11
*
7174 May
100
Products
Key Co
Lionel
Greenfield Tap ft Die
Stores
1%
Tea—
preferred
100
Ken-Rad Tube & Lamp A
874
47
1
(Cal)
ft
preferred
i.
Jan
•
pfd._25
conv
Co
Grayson Shops
Inc
48 3/4
80
»
147#
3,700
127a
27a
393/4
1
Co
class A
Jun
K
Kansas Gas ft Elec 1%
187a
18
47s
-
Apr
527a May
193/8
Graham-Paige Motors $5
Grocery
100
203/a
Consolidated
6%
May
1072 Sep
1097a May
19
4%
Grand Rapids Varnish
Great
25
3972
Inc
1st
300
60
115
19
—
7 %
~3%
101
193/s
prior preferred
Mfg
100
200
19%
preferred
Gorham Mfg common
Gray
9%
23
1
A
674
Jun
18
1374
98
2074
May
20% Sep
Jan
5,500
MM.
•
$3
Great
16,300
common
Sugars
Goodman
107a
1472 Aug
174
B
Gorham
10Q
•
*
Aug
63/4 July
36
14 3% Mar
1,900
Feb
10
Jan
Mar
2474
*
Kiiby
.
,
19 74
100
Jun
2.50
Jun
<
5872
——'•
preferred
Knott Corp common
Coal
(Adolf) Inc
Goldfield
15%
.1
Corp
7
37a
28
150
23
97a
Jun
—
V
17%
10674
106
19
Jun
58
•
108
•
2074
3$
1
Jan
—•
Harvester
Alden
$4.50
Feb
132
—
46
33/4 May'
1
•
1
Co
Jan
Gladding McBean & Co
Class
37a
9%
101
187/8
2074
—
Iron Fireman Mfg voting trust ctis
Irving Air Chute.
84
•
Co
Godchaux
Jan
22%
1
323/4
50
,
Equipment
Interstate Power $7 preferred
Investors Royalty
101
com
Sep
Jun
1,000
32%
Sep
17a
•
preferred
6
•
..■......—.■10
International Safety Razor
Utilities Corp
•
$6 preferred
(A C) common
Preferred —i——-T.Tr
Gobel
11%
800
107a
23
1074
247a
Jan
423/8 Aug
'
•
International
Kings Co Lighting 7%
5% preferred D
Kingston
Products
Gilbert
Glen
92
Jan
2%
15%
107a
50
103/4
100
•
————«
International Petroleum
Kennedy's
__
43
4074 Aug
77a May
200
43
Jan
287a Feb
International Minerals and Chemicals—
100
Geoigia Power $6 preferred...
$5
preferred
Gleaner
Jan
33/e
•
stock
Shareholdings Corp
convertible
•
Gen Water Gas & Electric common
Gilchrist
Jan
10,800
27t
10
General Fireproofing common
Gen Oas & Elec $6 preferred B
General Outdoor Adv 6% pfd
General
9%
11%
774 Aug
Ltd—
Amer dep rets ord reg
General Finance Corp common
23
113
9% July
1272 Jun
873/4
'27a
2274
100
Cigar Machine.
International Hydro Electric—
7%
5,100
"93/4
11
9
107a
23
—1
~—
Julian ft Kokenge Co
87a
—100
Mfg Co
Jan
Jun
7%
common.—.*
preferred
Gellman
23
26
Jan
Jun
77
8%
50
May
3474 Sep
Mar
30%
Jan
2674 Sep
130
4^263A Aug
177a
55%
G
Corp common
110
26
Jersey Central Pwr ft Lt 5Va% pfd__100
6%
preferred
100
Garrett
20
26
1
common
Jeannptte Glass Co
Uuuueuu
200
July
407a
Jan
3474
May
187a Aug
May
111% 1117a
347a
£1
i
39%
4%
487a
8
124
5%
12 74
20
Mar
6%
317« May
143/4
800
Jan
Jan
200
.
Registered
~jL±P
Imperial Tobacco of Canada
B
Imperial Tobacco of. Great Britain ft
Industrial Finance v t 0
Aug
2,800
2674
Jan
277? May
59% Jun
Jan
1372
Am dep rets regis.
Imperial Oil (Can) coupon;
Sep
May
177a
9 7a
14%
14 /
37
227a
1
.
Feb
Jun
3
533/4
*
18%
1372
73/4 Mar
25
Jun
11
17
5.200
233/4
3272
48
Jan
1,900
50
IP/a
.80
preferred
arrear ctfs__
May
272
Jan
11,900
177a
Metallurgical
10%
1
»—•
Indianapolis P & L 574% preferred_100
6% preferred.
.100
7 %
preferred
100
172
43
3%
53 7a
Brewing..
Falstaff
Fansteel
3%
Jan
Imperial Chemical Industries—
Jun
12
conv
Sep
153/4
103/4 Aug
5%
Dividend
Illinois
12%
12
3%-
Jan
—
International
127a
ft Airplane—
Engine
19%
33
2,000
—1
—
preferred a
Hydro Electric Securities—.
fiygrade Food Products————
Insurance Co of
Fairchlld Camera ft Inst Oo—
58 3/4
'
1st
7%
Fairchlld
57%
10%
—8
*
-8
—*
—*
(Harvey) Inc
Jun
Jan
143/4
393/4
1VA
July
374 Aug
A Jan
1,800
40
26%
267a
58
Aug
Aug
J},
Jun
15
113 1 113
108
Jan
20% Jun
Jan
98
99% 100%
100
pfd—100
Empire District Electric 5%
Derrick ft Equipment
Eureka
1274
Jan
5%
700
Jun
Jan
Jan
15
Emsco
Esquire
48%
8
397a
14%
_3'/a
Corp
National Watch Co..
Elliott
14y8
——
Electrographic
Elgin
Jun
Jun
14
2,200
I
High
Jan
103%
20'
7%
25%
Illinois Power Co common..
Power ft
Option
60
5972
i
May
98
preferred
Electric
Apr
17
_•
B_——.
preferred—.
July
52%
7a
58
Bond & Share common——1
$S\
99
Apr
35%
533/4
Economy Grocery Stores....
Electric
33/4
Jan
58
—
Machine
Washing
27a
325
94
1,600
.1
$6
$5
92%
23/4
—.•
—■'
preferred series A
preferred series B
Eastern Sugar Associates—
$7
'
Easy
94
28
*
Iron
Malleable
Eastern
2%
7
January
Low
253/4
772
*
Hummel-Ross
2 5/a
*
common
10672 10772
10772
—100
preferred
Humble
Gas ft Fuel Assoc
Range Since
'
.
11
34
Baking Co_.
Hardart common
&
5%
High.
26%
Co common
Hubbell
East
Low
•
1
•
ft Co common;
(Geo A)
12% May
9
8%
Shares
common
Sep
100
300
for Week
Inc
Hormel
Dunlop Rubber Co Ltd—
Am dep rets ord reg
Durham Hosiery class B common.
Duval Texas Sulphur
Jan
84
Apr
fceb
3,300
-—10
——
Duke Power Co—.
Duro
38 Vz
4%
4%
•
—
—.—...I
5%% preferred w w
100
Henry Holt & Co common
;
1
Heyden Chemical common
2.80
Hoe (R) ft Co class A
—10
Hollinger Consolidated G M
—8
Holophane Co common—i—
—*
53/4
4 Va
Range
of Prices
Par
High
Low
—*
...21
•
.
B
Range Since January 1
High
Sales
Last
Sale Price
York Curb Exchange
New
253/4 Mar
4%
—1
Domestic Industries class A com
Dominion Bridge Co
8haree
Low
Week's
Friday
STOCKS
for Week
Last
ExchftBft
SEPTEMBER 7
Sales
Range
Friday
STOCKS>
York
Now
FOR WEEK ENDING
$5
convertible
(The B)
Communication
Margay Oil Corp
37a
20%
preferred
Co
*
3%
207a
115
Co.
Ltd
■
3%
600
207a
100
115
10
27a Mar
V 37%
May
135
Mar
18
Mar
Mar
377a
200
33
Jan
23
100
21
#1
•
572 Aug
22%
Jun
23
Jan
147i
17
♦
3%
Jan
104
Apr
3874 Aug
6 3/4
29
Feb
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
NEW YORK CURB
RANGE
Week's
Friday
STOCKS
Last
Range
Shares
Low
200
8%
Jan
1%
300
1
Jan
11%
400
7% Mar
12%
11%
12%
2,600
42 %
16%
42%
42%
50
16%
2,100
95
■ #-—
*
—•
McWilliams Dredging
11
1%
1%
Massey
$2.50 preferred
Low
16
Mar
7
Jan
36% Mar
5
5
•
•
& Scott
Chapman
Merrin
8
129
126
Messabi Iron Co_
Metal Textile
Corp
Participating preferred
1,000
129
150
17%
5
5
100
1
——25c
.15
A preferred
20
5%
16%
17%
Warrants
6%%
190
2,200
5
400
12 3/4
95
45
Jun
Pacific
Can
3%
5% %
1st
Sep
Jan
6
Feb
91
Jan
130
Jun
Page-Hersey Tubes
13%
Jan
Jun
Pan
4%
Apr
3,200
Shares
Low
Range Since Jannm 1
High
Low
18%
Pacific
Public
$1.30
1st
19%
100
14% Jan
21
395/s
393/4
300
38
Jan
42%
37%
373/8
100
36
Jan
106
106
10
104% July
109
113
113%
30
110
Jan
115% Aug/
7
Jan
•
preferred
American
x223% Jan
new
*
common
26
Paramount
Motors
Feb
Parker
Co
73/8
Jan
5% Mar
Jan
51% Aug
Pen
6%
6
6
Airways
Feb
Jan
26,900
12%
Corp
12%
13%
9,200
203/a
20%
20%
1,000
51%
54
Jun
5% July
8% Jan
1
1
Michigan Steel Tube
2.50
Michigan Sugar Co
•
Preferred
10
Micromatic Hone Corp—L—.—.
—1
Middle States Petroleum class A v t C.l
Corp
14,100
3
50
fciay
Jan
22
Feb
Jan
Jun
Pennroad Corp common
Jun
1%
Jan
500
8%
Jan
3
13"%
Jun
21
300
12%
Jan
23
Jun
17
16%
17%
800
May
2%
3%
5,500
15% Aug
2% Aug
23
3
15
14"%
15
7,500
11
11%
11%
11%
Jan
10% Aug
Feb
$1.40
preferred
Penn Gas
Penn
$6
$2 non-cum
Midi ale
Products—
dividend shares
Abrasive
Oil
Midwest
Co—,—,—
35%
37
9%
Elec class
&
Power
A
Penn Traffic
16
Mar
Penn Water & Power Co
Co
Mfg
3%
3%
100
2%
400
1%
Jan
3%
610
109%
Jan
115%
Jun 1
110
5Q
107%
Jan
112%
6
5
Jun,
Sep1
Governor
3%
1,500
3%
Feb
16%
17%
1,900
14
Aug
17%
Sep
Pinchin
Johnson
53%
425
46
Aug
53%
Pioneer
Gold
5%
5%
4,100
Sep
6% May
75
1%
60
Jan
25
27
325
27
18%
1,050
Mar
76
Jun
1063/4
.76
Jan
115
Jun
13
Jan
27
Jun
13
Jan
19%
12 Va
4,800
1,300
9%
Apr
4
4
4%
2,200
3
Feb
9%
9%
9%
500
3%
2%
3%
6,900
19%
11%
9% Aug
183% X184
184
140
300
21
20
6%
75%
600
57
Jan
75%
Sep
200
Jan
230%
Sep.
73%
• "
Mountain City Copper common
5o
Mountain
Producers
10
Mountain
States
43%
1%
2
7%
•
Power- common
42
43%
'200
Ltd
Am
2
1,600
,7%
7%
2,900
18% Mar
22
Apr
7%
Scale
Jan
Aug
6% July
5%
4,100
3%
Apr
6%
500
x8%
Jan
11% July
43
Feb
44%
64%
Jan
103/4
.
103/4
&
.
23/a
Feb
Pressed
Apr
Producers Corp
July
Metals
19%
129
May
Aug
Providence
18
Jan
26
Jun
Refining
Rubber
Steel
200
13%
Jan
19
May
——•
—100
12%
10
Jan
17%
89
Jan
983/4 Aug
17%
12
•
12%
1,100
21
3%
3%
140 3/4
15%
8,800
11
2
N Y Auction
Y
N
Y
N Y
-
Founders
100
500
200
Apr
153/4 July
2% Mar
Jun
May
Jan
9
113
Jan
Aug
May
113% Mar
8%
Jan
14% Mar
7%
Jan
10%
Feb
6
Jan
93A
Jun
63
Jan
80%
Jun
25
21%
Jan
70
110%
Feb
124
Jun
24
243/4
200
14%
Jan
31
Jun
20%
Jan
28Y4 May
63
Mar
703% Mar
25%
25%
26
265/8
700
663/4
67%
2,200
1
4%
43/8
43/4
1,800
2% Mar
40
100
7
41
42 %
Mar
x5
12
7
10
6%
1,075
66%
253/4 July
5%
Jun
48
Jun
Mar
7
Sep
Jan
22
Jan
30%
Apr
42%
Sep
16 Va
750
42%
10
shares
14"%
1
-
Jan
23 Va
Mar
pfd-100
100
Niagara Hudson Power
common
—10
6%
100
100
108%
1st
preferred
5% 2d preferred
Class B optional warrants—
Niagara Share Corp class B .com.—5
J- Niles-Bement-Pond
——*
•
Nineteen Hundred Corp B
I
.
16,200
3%
Jan
525
89%
Jan
110
82
Jan
102;
>
60
102
17<r
-
900
8%
700
15%
8/3
15
4,400
2%
3%
33/4
130
,
21S
2,400
243/8
22
8,200
Northeast Airlines
North Penn RR Co—
Jan
26
Jan
43% May
36%
Feb
44
Sep
Jan.
56
Mar
43
42 3/4
44
100
"5%
~5%
300
121
153"
Mar
136
class
15
15%
15%
4,500
38%
175
1%
Jan
6%
Jun
Jan
7%
Mar
11% Mar
18% July
993/4
38
38%
25
18
17%
8
.
8
Apr
105
106%
50
Jan
110% Mar
'
Jun
343/4 May
40%
Jun
19
Jun
18%
2,600
143/4 Mar.
'8%
14,500
63/8 Aug
26%
4
B
common
Ohio Power 4%%
preferred
Ohio Public Service
7% 1st pfd
6 % 1st
preferred
Oklahoma Natural Gas
Oliver United Filters B
common.
For footnotes
II
page
113% 1143/4
210
25
Jan
9% Mar
35%
Jun
22%
1197.
1
Apr
Jan
5%
31
Feb
Jun
112% Aug
117%
119% Mar
Jan
110% July
100
15
43/«
116
114%
100
34%
.
34%
34%
200
9%
1
see
2,200
293/4
•
100
45/s
293/4
4%
4%
29Va
6
Omar Inc
Overseas Securities
5,400
31
ltV Jan
14
11%
73.
Mar
12
1,000
Jun
Sep
l7/8 Mar
Jan
Mar
3,500
%
Jan
15% May
1% Jun
100
10 Va
Apr
133/8
9y8
9
1st preferred
7% 1st preferred
151/2
9%
50
14%
15%
600
200
8%
May
110
■
9
110
10
107%
Apr
'111%
Jan
14%
Jan
112
118%
Jun
Feb
May
Jun
Puget Sound Power & Light—
153/4
—;
$5 prior preferred
Puget Sound Pulp at Timber
Pyle-NaMonal Co common
Pyrene Manufacturing.
107
16%
4,300
107
75
107 %
Feb
16%
Jan
13 V4 Mar
15%
14%
13% Aug
900
17% Jun
110%
19
?
Jan
Jun
18% May
17% Jan
440
87
162
.100
88%
76%
20
162
Jan
90
Jun
156
Jan
164
Jun
13
88%
Quaker Oats common.
6%
preferred
Quebec Power Co.,
Jan
*
Jan
Jan
9% July
10%
Jan
14%
Juny
R
26,300
lVs
Jan
19%
250
153/4
Jan
1%
23/4
2%
Radio-Keltb-Orpheum option warrants.
Railway Se Light Securities
Voting common
10
Railway & Utility Investment A.
1
Rath Packing Co. common—
10
18%
3
1%
31%
25
Raymond Concrete Pile common——•
«3 convertible preferred
—•
32
31
32
Raytheon Manuf acturing common—50c
Red Bank Oil Co
;
—1
Reed Roller Bit Do
•
Reliance Electric & Engineering
0
Rice Stix Dry Goods
-•
Richfield Oil Corp. warrants
Richmond
Radiator—
—1
Rio Grande Valley Gas Co v t c—
1
18%
1,100
*
193/a
1%
''
2'/a
300
Feb
3%
Jun
26% Mar
Aug
14% Jan
175
18 3/8
Jun
18
17%
18
223/s
233/8
2,300
1%
1%
1%
4,200
%
Jan
1%
Feb '
6/4
6
6%
2,100
3%
Jan
6%
Sep
l3/«
1%
1%
4,000
%
Jan
1%
19
Jan
105% Aug
•
Roeser & Pendleton Inc
Jun
23%
233/8
pfd D— -100
Rochester Gas & Elec 6%
Feb
May
22
50,500
25%
56
33%
173/s Aug
1 % Sep
4,900
24%
l3/4
"
—
Jun
2%
42%
Apr
Aug
Jun
Jan
29% July
22% Jan
200
31%
18%
3
20%
52
1%
31%
25
109
15
12
Jan
19%
——
Jun
19%
Mar
Fed
May 1
May
Rolls Royce Ltd—
Am dep
rets for ord reg
Cable Corp
Rome
Jun
8
18/4
17%
18/4
400
16% Aug
22%
Jan
163/g
15%
16 3/a
300
12%
Jan
17
Jun
33/4
33/4
400
2%
Jan
7%
8
8
Roosevelt Field Inc
Root
—£1
5
common
Art Metal Works
Ronson
1
Petroleum Co
33/4
7%
6% Mar
1,200
4%
Jun
8% Mar
—20
—10
Rotary Electric Steel Co
Royalite Oil Co Lta—
Russeks Fifth Avte
-2%
WW
Aeronautical Co— -.™— — Ryan Consolidated Petroleum
Ryan
J.VJ WU
Ryerion St Haynea common——
18%
1
m
24
24%
12%
12%
24%
1,500
19%
Jun
Feb
25
Jun
Jan
19% Mar
11
200
12%
Feb
18%
18%
$1.20 convertible preferred
St Lawrence Corp
May
5%
__
1
common
Brass Co
40%
200
1%
Sep'
July •
Mar
12%
Sep
Jan
7
7
7%
900
6%. Aug
5% Sep
10 Ve
53/4
9
Jan
4%
1,200
3% Mar
4%
Feb»
53/8
5%
III
4%
4
•
—.80
233/a
<
3,200
Jun
5% May
35%
42%
Gas
6%
Class A $2 conv
St
Ltd
prel—
Paper common
Salt Dome Oil Co_
Samson United Corp common
Oil
Savoy
SB
Co
Co
common
Jan
115% Mar
35
Apr
v% July
Steel Co
10
Jan
16% May
—
Selby Shoe Co
Selected Industries Inc common
Convertible stock
$5.50 prior stock
Allotment certificates—
B)
Inc
Sentinel Radio Corp common
tteatry
Safety
Jan
3%
Jun
Jan
27%
Jun
73/4.
8
1
—1
7%
6%
7%
6%
6%
7%
3,800
2%
2%
3/8
5% Mar
9,100
1,500
Jan
5% Mar
8y»
Feb
2%
ri:
4%
22
Sep
Jan
200
4/4
6,000
3%
Jan
82%
>82
40
41
843/4
425
70%
Jan
89
Jun
41
300
34% Mar
41
July
116
Aug
114
May
Control
97
140
88/2
133/4
12%
133/4
700
10% Jan
1
—*
-1
•
5%
5/4
5%
600
3%
3/4
33/4
19,400
153/4
16 Va
42%
1%
2
2
173/4
24%
7
'
18%
863/4
18%
91%
—-4
2,200
87
3,200
Feb
4% May
147/a
Jun
8% May
52% Aug
3% Mar
2
Jan
9%
Jan
16 Va
Jan
22 ya July
19
•> —
Jan
4/2 Mar
-
16
-25
1
1
Feb
May
34»A
4/8
94%
8
38
111% Mar
34
4%
97
•
1
sy8 Aug
10%
53% Aug
•
common
Bros Inc
(R
2%
16%
*
Segal Lock & Hardware
Seiberling Rubber common
Semler
100
1,300
21,400
7%
—
preferred
ScUllin
3%
23%
8
—•
Schulte (D A) common
1
Convertible preferred
28
Scovill Manufacturing
28
Scranton Elec $6 pfd
—*
Scranton Spring Brook Water ServiceSchiff
3%
21%
8
Regis
Seeman
Ohio
Jan
40%
lilt
Securities Corp General
Ogden Corp
:: 22
11 %
14% Aug
2% Apr
100
*
20
A
Northrop Aircraft Inc
Novadel-Agene Corp.
1%
Feb.
43
9
...
Jan
17V*
225
Northern Indiana Pub Serv 5% pfd—100.
Northern Natural Gas
Northern States Power class
2
193/s Mar
Aug
% July
8% JUn,
9,600
*
——.1
—
Jan
Aug
4
...
Northern Central Texas Oil
6% Mar
133/4
7% July
132
43
6% prior preferred
—50
North American utility Securities—_•
*Y Jan
123/4 Mar
——•
North American Rayon class A—
Class Bvcommon—
May
6%
%
2%
preferred—
Feb
90
108% 109%
8%
15%
North Amer Light & Power common—1
21% May
110
Jan
70
6 3/8.
23%
;
106% July
64%
101
1
;
14% Aug
170
80
—
8
Mines
Electric
1
107
683/4
,
200
14%
145/s
107
pfd——
Noma
Jan
Jun
11%
121% 1233/4
25 %
Service 6 %
Nipissing
Jan
63/a
Feb
19%
1,300
93/8
77
;—
N Y State Electric & Gas $5.10
5%
12%
100
•
93/a
July
16
Jan
Sep
Shipbuilding Corp—
N Y Water
$6
21-
Jan
1%
13%
83/a
9%.
common
Honduras Rosarto
Jan
11
5
•
Merchandise
July
1,400
28
Land
10
1,200
93/4
743/4
24%
City Omnibus warrants
N Y &
9%
76%
121%
common
Co
1,300
12%
2
8%
—26%
common
Apr
Jan
Feb
53/8
13
13%
•'
Clock Co
New Process Co
N
>
100
•
100
preferred—
England Tel & Tel
New Jersey Zinc—
New Mexico & Arizona
1,000
15
93/4
England Power Associates———•
New Idea Inc
500
20
Jun
Jun
8%
107
•
*
Nestle Le Mur Co class A
$2
15
-100
*
8
Neptune Meter class A
New Haven
5%
Jun
16%
100
14
5V8
;
38
14%
9
1"%
New
17% Mar
Jan
Sep
23%
1,000
12 3/8
9
13%
preferred
Jun,
Jan
18%
123/8
5%
preferred
Jan
3%
39% Mar
17%
12.50
Nehi Corp 1st pfd——
Nelson
(Herman) Corp
4
24
17%
•
Radio
25%
Aug
12%
i
Ltd
Jan
19 %
•
-1
30o
6%
2%
33% May
100
20%
National Tunnel & Mines common—1
New
19% Jan
50o
common
Nebraska Power 1%
16%
4,800
13%
Prosperity Co class B
Feb
39% Mar
20%
14%
1 *%
Union
13,800
"
.—25
QYa
National Transit
National
100
4
21
1
common
Machinery
Car
50
5%
Public Service of Colorado—
City Lines common
National
19%
17%
51
America
142% May
6Va Apr
Jan
1%
of Nevada
900
Jan
Jan
Apr
78% May
20 % Jan
13%
39%
24%
18%
Mfg & Stores common
National
of
117
Jun
100
93/8
24 Ve
Candy Co common
National
700
18%
17%
Pratt & Lambert Co.—
9
460
4
Alexander.....
30
70
25
„
Power Corp of Canada
Jun
44
11
43%
4%
24 %
National Fuel Gas—■_
National
18
Aug
4
53%
common..
•
3%
—100
preferred
National
32% Aug
10% Jun
37% Jan
Jan
53/4
18%
150
National Breweries common
National
25% Apr
500
14~l%xl42
-
26
s
Hess
14%
Jan
73/a
14% Mar
25%
Corp
Bellas
Jan
30
5,500
Gold Mining
Prentice-Hall Inc common
N
National
11
May;
Jdly •
-5% '
Mining Co
Common
Nachman
18
32
68%
26
Mountain States Tel & Tel
Murray Ohio Mfg Co—
Muskegon Piston Ring
? Muskogee Co common
6% preferred
Jan
~5%
43%
Powdrell
Jun
Jan
Sep
11%
32
—2
Polaris
May
Feb
2,000
45
18
Pitney-Bowes Inc_
Pitts Bess & L E RR
Pittsburgh & Lake Erie
Pneumatic
12
13/4
175
10%
Jan
5%
1
Sep
193
6V4. Jan
32%
9%
—.
Piper Aircraft Corp com
Jun
Feb
24%
12
300
35
Shs
1
33/4
Feb
Jan
2,500
113/4
10
Ltd
10%
Jan
38 3/4
16
151%
50
32
32
Premier
Moody Investors partic pfd
45
15%
15%
.25
common.
Mines
19% Sep
13% Aug
43/4 Jun
2%
179
Jan
45
—•
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Inc common
10%
1
pfd
Co..
51%
—10
Utilities
Packing
5%
76
1
10
—1
Ward A
Montreal Light Heat & Power
Pierce
common
17%
—2.50
1
.1
Montgomery
Phillips
3%' Jan
3
May
53 %
.
4,700
•
Phila Electric Power 5%
Jan
Jun
225% 230%
230 %
1
110
63/8
75%
Philadelphia Co
Jun
Jan
J(Uy
51 Va May
110% 110%
Pharis Tire & Rubber
Apr
8%
27
2%
Jun
82%
Mar
110
Feb
35%
1,000
1
8%
Mar
110%
Jun
11%
9%
Jan
•
•
4
Feb
Jan
Jun
313/4
78
10G
39
2%
5%
54%
423/4 Mar
47
«
Co
Jan
28%
7.200
Jan
rtb'
2 5G
Jun
30
300
7%
6%
•
com
Light $7 preferred
Mar
925
30
44%
9%
•
&
preferred
26
3%
9%
30
100
•
pfd
Mojud Hosiery Co Inc.—
Molybdenum Corp—
Monogram Pictures common
5%%
conv
preferred—
Monroe Loan Society A—
Dakota
50
3%
•
Pwr & Light 1%
Missouri Public Service common
Montana
30
36%
1
i.—1
50
•
.
preferred—
Mining Corp of Canada—j.
Minnesota Mining & Mfg
conv
Minnesota
30
fl
Piping & Supply
Mid-West Refineries
Miller Wohl Co common
Midwest
5 %
l
Perfect Circle Co
30
—•
•
50
——10
Co common—
Mid-West
A
5.
15%
Pepperell
Midland Steel
50
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
1,200
200
29
12 %
500
2%
11%
21
common
__23
8% Mar
12 Va
2%
>21%
Mar
Sep
dinn
15% July.;
Jan
40
•
73a
July
9% July
Jan
•
Jan
11%
8
Midland Oil Corp $2 conv preferred—*
West
Middle
—
7%
12
12 Va
2V*
,1
Class B v t c
5%
7%
25 Va
*■>
8%
Peninsular
Michigan Bumper Corp—
July'
18%
\
common...
.^eb
8%
333%
10
Parkersburg Rig & Reel
Patcliogue Plymouth Mills
Telephone
Jun
Apr
38% July
•
Service
Jan
5%
110
19%
•
100
Lighting $5 preferred
Power & Light 1% pfd
Pacific
19%
28
—
1st pfd
warrants
Pantepec Oil of Venezuela Am shs
3%
45
n
High
_25
common
preferred
Feb
3%
4
Co
Pacific Gas Si Elec 6%
18
Jan
for Week
Jun
Mar
12"% Sep
190
3%
Range
of Prices
13% July
2% Jun
12%
Jan
43%
Sales
Last
Exchange
Par
Jan
144
100
•
Curb
High
Pacific
190
•
& Co
Memphis Natural Gas common
Mercantile Stores common
Mead Johnson
Week's
Friday
Sale Price
York
New
Range Since January 1
11%
Utilities Association v t u
1
Harris common—
•
McColl-Frontenac Oil Co 6% pfd—100
McCord Corp common—
*
Mass
7
STOCKS
High
11
•
Shovel—
EXCHANGE
SEPTEMBER
ENDING
for Week
of Prices
Exchange
Par
Marion Steam
WEEK
Sales
Sale Price
York Curb
New
FOR
1193
iya
Jan
Sep
2%
Feb
19%
Apr
100
82% Mar
92
Jun
Jun
4,700
12
Jan
88 %
91%
400
83%
Jan
92
24%,
25%
2,400
14%
Apr
25% Aug
7 Va
1,100
6% Aug
7% Aug
1%
500
U Jan
63/4
IV2
-
2%
Jun
Monday, September
THE COMMERCIAL & FINANCIAL CHRONICLE
1196
EXCHANGE
NEW YORK CURB
RANGE
Sale Price
8
5
6eton Leather common.
'
Mining
Shawmigrtn Water & Power
Denn
Snerwin- Williams
4%
200
10%
Jan
~3%
Jan
5%. Jun
«
200
Apr
18%
900
102%
Jan
114%
Jun
20%
Jan
Apr
21%
21%
Canada—
21%
.
15%
,50
BickV Breweries Ltd
14%
14
14
•
Co- common
Silex
-.Class
Universal
275
Jun
:
*
',—8
6,uuu
$7 preferred..
Products
—
Utility Equities common
33
Apr
Sep
6% Feb
24 V
Jun
35% Sep
4% Jun
4% Aug
21% Feb
-
350
26
;
Jan
3%
4
2,500
76%
78
•150
Jan
80 Va
10
1
stock
9%
10
8,000
7%
Jan
100
1%
92
Jan
10% Feb
3% July
common.
3%
1
3%.,.
5
3
Mar
65%
1
$5.50 priority
24 ya
18
Jan
4"
.10c
:
35%
High
Mar
12%
78
Power & Light
Utah
a%
474
35%
—
sugar—.—
Utah Radio
July
16% May
300
III 10
—
■
26-
12% Mar :■>
Insurance
Utah-Iaano
Low
18
17%
"5
«
Universal Produces Co
Sep
116% July
21% Sep
:
*
B----—
1
Range Since January l
High
18
•
Universal Cooler class A
125%
10
20%
4 ft ; preferred—Sherwm-Wilhams of
16%
125 %
16%
124.
125 %
.100
Shares
Low
...10
Universal Consolidated Oil
7% July
12% July
2,200
5
for Week
of Prices
Por
High
115% 115%
«
_•
"23
common
'
Low
12;
Sales
Range
Sale Price
Range Since January 1
High
11%
Week's
Last
Friday
Curb Exchange
York
New
5% Mar
12
SEPTEMBER 7
STOCKS
Shares
Low
m
ENDING
'
1
S6rrlck Corp class B
WEEK
for Week
of Prices
t-
Par
shattuck
Sales
Range
%
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
FOR
10,1945
Jan
Jun
98
Jun
Simmons-Boardman Publications—
32
$3 convertible preferred
Simplicity Pattern common
Singer Manufacturing Co
Aircraft
1
I:':
8'/a
8%
8%
.
"_3%.
3%
.—1
.9%
9%
*
5%
,7%
■
2%
7%
S%
.200
47%
47%
47%
2,400
30
38
4
27
41% Jan
46
30%
11%
11%
11%
68%
65%
7%
7%
8
5%
5
—
Jan
Aug
fll
11
Aug
4% May
li Jam
1%
100
27%
8,300
35%
700
4%
5Va
20%
20%
21%
1%
1 :
1 Va
lVa
1,800
1%
133
1
18
129
2,300 V
135
18
%
%
.
.1
~4%
4%
6%
6%
,v
.
'
v,.-f
'
-
——
—-
13%
.
—
13%
13%
61
2d preferred—
1
'
—
r
Sterling Brewers Inc
Sterling Inc.—
8tetson (J B) Co common.
Hr.mnes
(Hugo) Corp—
Btroock'XS) & Co common—
14%
—
6Va
8»/4
Ii%
v
'
1
Mar
Jan
800
;
4%
1,100
3
38%
500
18
5%
6V8
2,700
'
11
t; T1
9
Mar
v
135
Feb
164
-100
28
Jun
35
27%
Jan
35
39%
39%
150
14
200
12=
15%
15%
100
14% July
13% Jan
'•
19
10
J
St
15%
|
■
B_
common
•
1
~6%
21V
Feb
Jun
14%
Feb
•
21?
Jan
15% Jun
16-
Aug
6
—
Jan
11
Jun
Jun
112
Aug
.i
" 6%
6%
15%
.
1
„
5
,100
15%
2
13 »
'
•
•
'
:
3%
•
4
6% Feb
8% Mar
16 «
8% Aug
12% Feb
500
11
,
3
15
Jan
4,800
Jan
V
13
12%
3%
;
9%
9
-•
Jan;
200
900
-
9
8s
Wright Hargreaves Ltd
•
May
11% Jan
•'
—
: --
10
Petroleum..
Jun
Sep
40% July
110
•
I;
Light 7ft pfd—100
Cement—
14% July
10
138
v
Sep
6% Feb
113 :a. May
33
39%
5% July
38%
Jan
138
rv.
Jun
Jan
1,300
11%
Jun
Jun
29%
111
20
-
-14%
114
Jan
4%
14
•
!.
3
Woolworth (F W) Ltd
American
deposit receipts—^.
A
17
8% May
Jan
Co
Portland
Aug
May
4^5 Jun
•
Jan
68
23
13%
Apr
July
BONDS
Aug!
Sep •
New
York
Curb
14%
16
Interest
Jan
14%
Sep
4% May
6V4
500
_
8
8V2
16%
3%
5,300
I
'30%
55
Jan
200
300
12
30%
600
iay2
23% Jan
Portland Cement—
$3.30 "A"parfc—
14
275
2V2
16 Vs
30%
21%
.
.
21%
V;'
1%
Jan
or
8
s
f
a
f;
Amer
debs
Writing
55
100
48
Apr
55
17%
700
14%
Jan
20V
..1961
:
3%8-
>
J-D
J-J
—2024
—1953
J-J
.-.f
Elec
4%s
Gas
&
Elec
/
i-/
:
$101
109
110%
102 7/s
100
'
MM
3
127
101%
-
108%
111%
1
:109
101
101
106%
104% 109%
"
101%
109
127
109
' <;*{
107
——
35
107% 108
A-0
Feb
10%
"
6s
Pow
J-J
Associated
Aug
17%
Paper
High
101% 104
$106% 108
$107
107%
M-S
i
~1970
(Associated
55
10
J-J
2016
...
Appalachian Pow deb 6s
25% Mar
17%
1960
Elec
Low
$102% 102%
J-J
1970 V
Appalachian
31% Jun
January 1
No.
Low
-aV X:-:>:
_1950
Amer Pow St Lt deh ft*
Range Since
Sold
■
1 Afthn
3%a
Jun-
2%S
3V2s
■-
17%
Jan
Bonds
Friday's
Bid & Asked
High
3% July
Jun
Jan
19%
200
Sale Price
American Gas & Electric Co.—
Sep "
July
9
Feb
15%
2%
16
—.
17
16%
2'A
*.
Last
Period
■'
Feb
11%
300
6V4
.
Apr
Week's Range
Friday
Exchango
54% May
■
Ray Drue Co.
"B"
Sep
15
——
6V4
-
Class
&
Jan
Mar
Jun
10%
53 % Mar
Sterling Aluminum Products
Superior
C)
29
112% 112 %
...•
com
'
Btifll van Machinery.*...—
5
100
6% July
16% Mar
'
1,200
1st preferred^——J—
y-5ft
Sep
July
%
„
Jan
14%
4%
~6
———20
Woodall Industries Inc
Jun
-
4%
Jan
—
,
Sun
Jan
3%
Apr
Apr
.
Steel Co of Canada.——
Stein (A) & Co common—
Sterchl- Bros Stores common.—.
6%
2%
1,600
%
12%
11% Mar
—10
Power
Wood ley
Jun
18
1,100
\
82
37%
-
i''
8
Stationery
Wolverine
21% Aug
1% Jun
1%
(R
4%
1st pfd—100
Inc
Winnipeg Elec
26% July
145
6%
Jan
v.i-;
.:•••
6%
28%
•
Coke
Wisconsin
5% Mar
Jan
81
Willson Products ."Inc
Sep
Jan
Coal
Maryland Ry 7ft
Williams
Feb
Jan
Va
28%
1.28
Weyenberg Shoe Mfg
Wichita River Oil Corp.
Jun
11% Jan
% Jan
2.400
4%
6%
B—,
1%
Jan
Jan
Aug
9%
10
•
Westmoreland
Feb V
18%
105
300
17%
Lead.a.———.1
■«'■%*Jy.
54
107
8
Westmoreland Coal..
Sep "
27%
ft Jan
ft Jan
240
6tirrett (The) Corp' voting trust ctfs—1
Standard Tube class
3%
1,100
West
Aug
36
■
•
''
6%
6%.
:
•
Mills
Western Tablet &
6%
Jan
clans A
Knitting
Western
8
Mar
27%
10,200
lVa
17.
68%
21
—•
er
Jan
600
Jun
14% Jan
Apr
5
34
.
5
-10
Standard Power & Light—
1
Common class B—♦
Co
x51%
5%
i.
135%
11% Aug
500
..
14%
•
We.ntworth Manufacturing
West Texas Utility $6 preferred
Jan
Jan
370
68%
1%
35%
(Ky)
Preferred
1,400
24%
'
j
26%
Dredgihg Corp common..^*.!
,f.$:.60 convertible preferred—.——20
Standard S: Iv
800
3
60
.100
Class B
Wayne
Jun
9%
100
10%
Co..
preferred—
Waitt & Bond
May-
31%
Aircraft
7ft
31% May
Jan
8
standard
'
14%
800
WagDcr Baking voting trust ctfs ext..■
v
Sep
110
—50
Products
Feb
100
Shoe Corp,————•
Stahl-Meyer Inc——*
Standard -.Brewing Co_u.;
.—2.78
Standard Cap & Seal common
1
Convertible- preferred.-,.—..——10
Spalding (A G) St Bros pfd
Standard
49%
38
134%
Spencer
Oil
1,300
80
W
Waco
3% May
Jan
May
44%
10%
.:■■*■
.
Aug
31%
.100
*
Manufacturing.
"V
3%- Jan
29% Mar
'
Standard
5%
10 Va
14
•:
10
—-1
9% Mar
44%
.23
—8
preferred
Petroleum.
Jun
10-
Jan
42%
700
Vogt
July
31 Ya
44%
29
28
—
.-10
Phosphate Co,.
—.—
Pipe Line.——J—. _10
.—8
Southland Royalty Co—
R
22
Jan
Southern
•;f\
5%
73%
9%
5%
-
sonvertiole
Venezuelan
Apr
19 %
Jan
2,400
$4
Jun
Edison—
original preferred
preferred B-——
—,"5%ft preferred series C
Southern New England Telephone..
Southern
6%
Jan
8,300
10
36
5ft
,
Jun
113
Jan
1,000
'
3%
10%
—29
.—1
6 ft
>
Jan
Feb
13,000
-10
:
Pipe Line—
California
Southern
17%
—1
Oil—
Pa
16%
—1
Corp.
Penn
17%
Co
South Coast Corp common
South
370
19% July
•
Manufacturing common—,
Southwest
4%
110
100
Manufacturing Co^
Solar
Soaotone
Soss
V
6% Jan
267 % Mar
—«
Gas 8c Elec 7% pfd
(Howard) Paper Mills
Solar
50
*
Sioux City
Smith
Apr
2,300
335
Mar
YalsfLr Corp
regis
dep rets ord
Amer
330
330
36
Ltd—
Singer Manufacturing Co
,,
4%
4%
4%
—J
—100
Jan
3
"
123
129 V4
"
927/a 102
29
Co—
'
AConv
deb
AConv
deb
li
'
•••
•
10%
10
600
12 V3
Sep
Apr
—1949
J-J
38
37%
38%
104 4
—1950
F-A
38%
38%
39 Va
81
29
5s
—1968
A-0
38%
38
38%
93
29
AConv
common.
Oil Corp
g%s-Tri,,.ny
4 Vz s
AConv deb 58^...^.
A Debenture
Swan Finch
SV2s
—1977
F-A
39%
39 %
8
29
43%
—195k
M-S
16
99
104%
—1964
M-S
Assnn
Taggart Corp common
Tampa Electric Co common.
—
...
6%
31%
[,
6%
30%
31%
22%
24
mi.-'
Technicolor Inc common...—
Texas Power St Light 7ft
pfd—.
II100
Texon Oil & Land Co
--a
-
118%
7%
TextrOmInd
Thew
Shovel
23%
£
i
Co common.
TtloVRoofing Ina...
Tishmaa Realty St Construction..
;
^
5%
200
7%
:: 10
27%
"
Jan
Jan
6%
700
r
28 y4
26%
28%
8
35 V4
35 V,
35%
150
1
14 V4
14 V,
14%
900
9%
1
-
13 V4
13
13%
2,400
7%
1,800
lVa
Aug
116
deb
T
Sr.
T
S»As
,
.......
A
Atlantic City Elec 3%s
Jan
19 %
13,600
118% 118%
7
700
—
33 %
Jun
25%
Bell
Jan
Jun
9%
Jan
12%
Jan
30%
|
26
Jan
38
1Jun
Jan
14%
13%
Sep
Jan
69% Aug
5s
M
5s
of
Jun
11 Tobacco St Allied* Stoeks—
i
|.
I*
,1
I
Toledo
6%
.1957
dep.
recs def
Edison
1% Mar
85
87
190
I100
Q-F
%s
6
.1982
2%s
:m .1970
IA Central States Electric 5s
V-V ASVas
.1948
116
.—1
-
115% 116
1%
30
TfA
4
Jan
5%
49%
1%
2
Corp
Manufacturing Co
of
loo
United
600
10
3%
United
Gas
...
Apr
15
Jun
Jan
12% May
12 V* Mar
14% May
7%
3%
11.200
3,200
5% Mar
5,900
4% Mar
2%
59
13
13%
10 ft
a"
1 1
*
*
$
26
25%
26
200
31,900
14%
13%
14%
22
2,000
7
U
f
8
S
Ltd—
.
>■
Foil Co
Machinery
19%
19 y8
19%
11,900
S
6
Radiator
Rubber
footnotes
Jun
14%
Sep
14% Mar
19%
Sep
Jan
45
Feb
90% July
6%
100
275
23
1%
1%
Jan
St
Pr
Securities
with warrants
•
*
1
500
2
1197.
A-0
$103% 105%
MS
F- A
A-O
105
A-O
$106
J-D
$107
$106
103
103%
N
.1971
1% Mar
73% July
81
10
44
Feb
50
800
9
Mar
14 %
9
2%
May
47
47
13
12%'
13
11%
12%
4,600
14
14%
500
13%
2,900
1%
Jan
7%
8%
2,000
2%
400
3%
4,600
11%
Apr
1%
90
Jun
-
.1954
A-0
.1958
F-A
101%
mtge
Electric
Elmira
4s
Power
St
Water
1%
90
8%
1%
Gatineau
General
Power
Pub
107%
89
"2%
2%
6%
6%
,
7
175
12,800
83
Jan
4%
•
Jan
iij- Jan
4%
Jan
Feb
9% May
r
108
101
48
67
67
68%
34
36%
36%
38%
22
33
105% 106%
52
104
108
124%
127
77 ;
89
5s
2030
F-A
lis
1956
M-S
RR
106
$126%
-—
—-
'
—1961
A
85 *
1969
5s
A-O
104%
*'
85
104% 104%
1953
J-J
J-D
J-J
106
1950
F-A
103% 106%
101% 102 %
15
$51%
1950
Nor
West
Power
-
4s
5s
stpd
St
Illinois
ser
A6
Va s
105 Va
107
J-D
$101%
J-J
74
Jan
A
Co—
1949
A-O
$105%
104%
106
1949
A-O
$104
104%
105
P
1957
M-S
104
J-J
103% 103%
2w:.
102 Va
105%
103%
1963
F-A
104% 104%
2
102%
105
1970
M-N
106% 106%
3
106
109
1955
&
L
3%s
C
1
1941
coup)
J-D
$54
57
54
54
F-A
$54
60
(Aug
56
58
1957
1941
Il957
coupon)
F
(July
1952
1941
104%
1955
E
series
77%
67
1950
5s
(Dec
series
101
92
..
75
>
5s
ref
series
A6VaS
A 7s
106%
J-D
5%s series B
Seivice
&
107%
102%
1963
6s
B
Power
1st lien
104%
1958
3%
West
Hygrade Food 6s
series
55
45
3
14
106
102% 102%
$107
109
1953
Pow
Grocery Store Prod 6s
6s
$102 % 104%
Jan
Green Mountain
Guantanamo
80%
50%
.63%
Mtge Bank—
3%s
Serv
coupon)
1952
104%
102%
4
30
~5
,
62
28%
I,
63
37
60
63
31
jlJ
~7
*
K
60
(63
97
,
•
37
31
58
'< ''
-
.7102
"
Interstate
Power
Debenture
Altalian
5s
1957
6s
II__II__I"__1952
Superpower
4
Jun
Jersey Cent Pow &
3%
Sep
Sep
6s
Kansas Electric
7
120% 124
124%
1948
■A7s
91%
Jan
1%
,
106%
_
>103% 105%
101% 102
AGeneral Rayon Co 6s ser A
A7s
Feb
110
109%
106%
108
M-S
Light
'
May
2%
106%
106%
JW-S
&
Lt
Finland Residential
5s stamped ;
13% Jun
20% Jan
8% Mar
1
_
..1993
B
ser
International Power Sec—
Apr
106
105%
105%
,103Va
103%
103
103%
V 104%
.
Delaware Lackawanna & Western RR—
Lackawanna of N J Division—
Jan
Feb
90%
103
r;
1
$103% 105
mtge 4%s
Indianapolis
May
.i,
106%
$123
Gen
Continental Gas & El 5s
85%
•
68
44
105
,
85%
59
i
101%
103% 103%
103%
J-D
A7s
page
85'A
$101% 104%
(Bait)—
Jun
700
80
2%
1
286
1,550
78%
14%
Inc
84%
J-D
36
112%
105%
58%
26
1966
183
102 %
54
1969
Lt
Lt 3%s
Power 3%s
Kansas Gas & Electric
J-J
J-J
J.
J
196&
~
1965
MS
99%
93%
J-J 7-
Z"~1966
6s__IIII~~2022
-A
see
75%
July
7%
Jan
79%
Reclaiming—
United Wallpaper,
For
26
Jan
12%
r
*
Jun
% Jun
Jan
9%
10
common..,
75%
73%
J- J
1st St ref
common;
International
73
75%
1976
Indiana
25c
common
United Stores common—
>
110%
86
class B.
$5 1st preferred
U
rr
Jan
38
29
Graphite
Apr
;
Sharing—
preferred
and
26
3/64 Apr
•
Profit
Shoe
Feb
15% July
Feb
20
preferred
Co
Feb
7% Aug
,8%, Jun
7% May
71
.
Molasses
75%'
MS
84%
113%
121
110%
38
M-S
.1969
Great
3T2
Preferred
U
.
"
Jun
95%
•
United Specialties common
X?~4
f-li
4
9% Mar
3,500
10
rets ord regis
united NJ RR & Canal
Udited
Jan
7%July,,
",ulAmer dep
United
10% Sep
6% Aug
•
Corp
Corp common
participating
t
United
"...v
102% 103%
Grand Trunk
•
United Light & Railways
Urhted Milk Products
tf$3
3%
warrants..
uorp
2
Apr
Stores.
TTn1<-(»ri Elastic
Utiited
10%
6%: ; 7
..'
$5
series
43%
110%
$112% 113%
102%
1950
ref mtge 3s ser P
ref mtge 2%s ser Q
Consolidated Gas (Bait City)—
1st
9%
13%
common
Clgar-Whelan
preferred
El
43%
170 j;
J- J
1st mtge 4s ser A——-—-—1993
100
Products
Chemicals
Jan
;*'■
Yds of Omaha
Uriited
59% May
1
1,800
14%
•
Utiioii Investment Co^i.
■
10%
14%
10
Canada
Aircraft
■
A-O
J-D
1958
5s
Gas
42%
Vs
118
118
175
1st
U
t
nut
/ '
9%
14%
Realization
Union Stk
35% Jan
2,200
10%
/>"'
Union
tPn'itfed
2,800
Feb
12
i"
Jan
—
5s——
Debenture
118
1st
2
Unexcelled
.
3%s
2,900
4%
45%
1
Gas
Consol
5
4%
—I
nayiite Corp
Ulen
Jun
Jan
48%
'preferred.
.vrv.''
-
May
2% July
1%
42
-
29
105% 108%
110% 110%
+
1952
5s——
deb- -s«-.
.
v
1
—
.
1955
8ervtce
*
Cony
29.
.•
1927
B
:;Debenture
117
1,200
Trunz
••■ON!*';
...•
112
May
2
.10
Inc
Tung-Sol Lamp Works.
Cities
111
1%
.1
| - i^LBOo convertible
13% May
1% May
91% July
series
7.1
1954
fAChicago Rys 5s ctfs
Cincinnati St Ry 5%s
107% Mar
.100
Trans Lux Corp
•"
1
T% Sep
71% Jun
—•
Transwestern Oil Co
11 Tit-Continental warrants
]
Jan
12% Mar
teg————.
6ft
preferred
{, > iTft preferred
{Tonopab- Mining of Nevada
i
3%
2,600
Amer dep rets ord regis
/. Ajmer
II
7%'
$105% 107%
Jtf-N
.1998
Edison
38%
102% 103%
103
J-D
.1960
—
Bickford's Inc
6s
Todd Shipyards Corp
i
61
7%
—
$37%
Canada—
series B
Bethlehem Steel 6s
Boston
M-S
C
series
Jun
Apr
Telephone
1st
i
—
'a-"—
Tobacco Product Exports
Tobacco Security Trust Co Ltd—
1948
Feb
121
Jan
.
99%. 99%
22-
92%.,95%
61
$46
106
;
106 ;
-
50
106%
J-D
$104
MS
$115% 116
-
.•,.71 —•
37
-
95%
61
104
12 "u
107
107%
105 Va
116%
120
105%
*
-•
THE COMMERCIAL & FINANCIAL
Number 4419
162
Volume
CHRONICLE
1197
I
NEW YORK CURB EXCHANGE
RANGE
FOR
WEEK
ENDING
SEPTEMBER 7
v
.3;
BONDS
^
Friday
Tnterest
Last
Period
York Curb Ezchanfe
New
Week's Range
Sale Price
or
BONDS
Friday's
Bonds
& Light 3 %a.—^.^1969
Kentucky Utilities 4s
1970
Lake Superior Dist Pow 3%s
1960
McCord Corp 6s stamped
1948
Midland Valley RR—
Kansas Power
*
•
Bid & Asked
J-J
Range Sines
January 1
Sold
High
No.
Low.
110
1
110,:,
112
106 »/a
106 Vb
106%
9
105%
107%
106 % 106%
1
106 y4
106 >4
103
103
103
4
102
to
Qas Light 4Vis
Minnesota P & L4%>.
«
Extended at 4%
73
73
6
64
106 Va
106 Va 106%
27
105
108%
1013/4 10134
6
101%
106
102%
107
106
108%
A-O
—
M-S
3-D
1955
J-D
Nebraska Power 4VaS_—————1981
6s series A——
-2022
J-D
ret 5s
ft
1st
Amsterdam Gas 5s
Eng Gas & El Assn 5s
New
New
102'/2
102% 102%
$10634 107%
deb
$11434 118
114
117
J-3
1948
1947
5s—
England
New
$105
108%
93
105%
92%
933/a
92 y2
M-N
1961
M-N
1948
3y*s
Exchange
Week's Range
Interest
Last
Period
Sale Price
Bonds
Friday's
or
Bid & Asked
High
Range Since
Sold
Low
January 1
No.
Low
High
27
'56%
Stinnes
(Hugo) Industries—
A7-4s 2nd stamped
1946
Toledo
Edison
3%s
Electric
N
United
Light
A-O
196B
-
3-J
56%
56%
56%'
8
$105% 105%
105%
^.
Power Co—
J
4s
1949
J-D
109
1959
A-O
1033/4 103%
i
United Lt ft Rys (Delaware) 5%a_l952
United Light ft Railways (Maine) —
A-O
10012 101%
18
1st Hen A
6s
&
5%s
cons
series
A
1952
F-A
Utah Power ft Light CoDebenture 6s series A
2022
101
M-N
% 109 y8
A-O
9234
92
923/4
24
93
88
5
88%
95%
88
35
$107% 107%
95%
m*
103
10012
95%
income
Wash
Water
108
West
104
West
Western
107%
--
$115% 116
Penn
debs
115%
Debenture 5%s
1954
N Y State Elec & Gas 3%s
N
Y
102 3/a 102%
103 Vi
lyhs
3-J
38
103 Va 103%
M-N
2004
Westchester Ltg 4s
&
102'/a
M-S
1964
J-D
5s
Electric
11
Ohio
1st mtge 3Vis
Power
1st
J- J
1968
3s
mtge
96V4
A-0
4
106
96%
106
2030
A-O
1960
J-D
-
F- A
Pacific Power & Light 5s
1955 %
Park Lexington 1st mtge 3s—-1964
F -A
103 Vi
■
1
—
3
103% 103%
63
105
'
"
$101% 103
3-J
92%
6
106 Va 106 Va
6s
Traction
€5%
65
65%
y;
5s
$106
^Vi
1063/4
107
1183/a
116%
104
li\)
105%
118
118
i:
TO,', f
53Va
1063/4 108
101
v
.
'.jtifitt
.
.
.
Newspaper Union—
conv
lAYork
f
s
debentures
1959
Co
5s
5s
sipa
F-A
104
1937
J-D
$99%
1947
Rys
AStaraped
■
11
$105% 107%
F-A
1948
Oklahoma Power & Water 5s
103 %
106%
A-O
19G2
4s
109%
101%
97
1971
Service
Public
Ohio
redeemed)-1948
1053/4
105%
;.; r~
<
North Continental Utility Corp—
45'/as series A (21%
102%
3
106% 106%
$101% 102 5/8
101%
Penn
Ife'/a
79a;S
1954
3%s
Power
;
■
..
England Power Assn 5s
New
jt§£%
1093/4 1093/4
Waldorf-Astoria Hotel—
A5s
'
108%
110 y*
M-S
1950
Power
6
—
78
M-S
J-D
Conv
Friday
United
A-O
-1963
1967
,1978
Milwaukee
Curb
104%
J-J
_
<
York
High
Low
110
F-A
New
3-D
$99
)05 %
99
101%
09%
__
--
101%
98%
1093/4
104%
109
105 %
1073/4
jfU-'CV
103
67
105
63
litfrA
Foreign Governments & Municipalities
1013/a. 103%
Duo./"
MJCii
I
72%
BONDS
Penn Central Lt & Pwr 4%s—
.
1st
5s
1977
M-N
1979
;
3Vis
Philadelphia
Elec
Philadelphia
Rapid
Portland
Power
& Coke
Gas
5'/as
Transit
J-3
$107Vi
F-A
1962
M-S
111 Vi
111
12
—
~4
111%
109
114
1063/4
$106Vi 108%
109
Co—.
5s
stamped extended
Power Corp
(Can) 4Vis B
1950
J-3
$101
103
104
104
1959
M-S
1964
3-D
106'/a
3-D
102
102
102 Vi
101%
106% 107%
1949
101
106%
105%
109
102
106%
Public Service Co of Colorado—
1st
mtge 3Vis—
Sinking fund deb 4s
Public
Service
6%
of
26
103
6
perpetual
M-N
$151
152
151
158 Vi
Safe Harbor
San
A
series
Water
4Vis
Real
Estate
$105% 106 Vi
104%
107
1979
6s
106 Vi
$125
126
127
J-D
$99
90
92
A-O
99
96
101
Last
Sale Price
ACauca
Valley 7s
Scullln Steel lnc mtge 3s———1951
19
108 Vi 108 J/a
99
Low
California
Edison
Southern
California
Southern
Counties
1st mtge 3s
Indiana
1965
M-S
3Vis
Gas
Gas
3s
1970
A-O
Rys 4s
(A G)
1053/4
107%
106
1053/4
J-J
1970
F-A
2022
5s—
M-S
—1989
101
107%
105
11
,99% 101Y*
$105
1053/4
89 %
$66
J-3
1948
5%)S
Danzig
$66
J-D
1955
106%
108 v»
109 Vi
1043/a
109
104
1043/4
100
Port
--
30
ALlma
6%s
City
3-J
stamped_1958
$85
6s
88
$29
M-N
Plan
(stamped)
6s stamped-
Debenture
24
963/4
31
Dec
1
gold
6s
76
"E
'91%
80
90%
19
3i
18
*1
18
$44
46
16%
2008
1043/4
104 % 1043/4
9
96%
J-D
1947
M-N
$33
37%
104% 105 Vi
16
104% 105
96%
"36%
45
3
%
Mortgage Bank of Bogota—
A7s (issue of May 1927)
(issue of Oct. 1927)
A7s
47%
'1
47%
1947
A-O
$44
1931
3-D
$17%
22
Mortgage Bank of Denmark 5s
1972
3-D
$87
88
1958
M-S
$44
46
2008
1959
J-3
$43
44
—2012
3-3
$33
37'4
of
47%
M-S
(State)
de
;
46%
22
22
75
«%$
Janeiro
Stamped
88
i
reduced
-46%
383/4
•—
••
--
;46%
373/4
.V:
■
ll'lO-A
Plan A
pursuant to
Interest
-—
—
A
2VaS
reduced to
Interest
ARio
7s_
pursuant to Plan
Stamped
2%
to
—
\
36%
37%
96
5 V*
:|22'•*
22
5V*
:21%
'
1919
6Vis
7%
75/a
8%
1921
Government
3-D
3-3
7%
7%
8Va
J-D
104% 104%
6
963/a
105
F-A
104% 105 Vi
14
96 %
tUti-'H
...
1053/4
1966
105%
1957
F-A
A-O
1043/i
104% 105
74
74
9.
96%
4
74
•No par
value,
Deferred delivery sale,
a
d Ex-Interest,
e
Odd-lot sale.
11 Under-the-rule
SI
SReported in receivership.
isxit
'
►/'
.
•
Abbreviations used above—"cod,"
3-J
1946
56%
56%
56 Vi
30%
56%
deposit
-
4
.
:
-iii*:'-
.-v
certificates of deposit;
"cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates)
"wl," when Issued; "ww." with warrants; "xw," without warrants.
OTHER STOCK EXCHANGES
,i,f'"RANGE
gala.
i
bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
*
*
$ Friday's
105%
58
(Hugo) Corp—
A Certificates
«.i<3
35
105
1043/4
.1950
A7-4s 3d stamped——
453%
M-N
1951
stamped
.
Stinnes
20%
387/a
—
lU
2y8S
reduced to
7s
18
—
1053/4
A-O
F-A
1957
-
debentures
Standard Power ft Light
AStarrett Corp inc 5s
1043/4
1948
1951
May
6s
6s
A-O
May 1948
6s
32.5.
A
A5%s
.
Conv
Debenture
71
27%
—
91
87
88
M-S
1958
6"As
(Peru)
7s
AMedellin
F-A
1952
stamped
pursuant to
ARussian
Standard Gas & Electric—
65%
71
—
& Waterways—
AMaranho
1043/4
1043/4
[High
63
$28
—
M-N
1953
5s
AExternal
101 Vi
$108
,
M-N
Low-
1093/4
106
$104
F-A
Sfyce
January; 1.
No.
,
t
Danish
AParana
1971
—1951
Southwestern Gas & Elec 3 Vis
Southwestern P & L 8s
Spalding
106 Vi 106%
(Calif)—
.
Southern
106%
Range
Sold
i'vofc'-'
A-O
AMortgage Bank of Chile 6s_
Southern
Bonds
Friday's
or
Bid & Asked
109
M-S
1951
.
J-D
1952
Joaquin Lt & Pwr 6s 3
ASchulte
A-O
Interest
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1948
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
Interest
—1952
Exchange
High
Stamped
Queens Borough Gas & Electric—
5Vis
Curb
Period
Extended
New
Jersey—
certificates
York
109
109%
New
108
107
106
106
107%
104%
104
107
107 %
;1972
6s
$105
3-D
1970
4
105Vi 105Vi
M-N
Pennsylvania Water & Power 3V«s_1964
■w
sr
weT
..
FOR WEEK ENDING SEPTEMBER 7
-/a"
JL
Week's
Friday
Stock
Range
for Week
of Prices
Shares
Par
Week's
Last
Range
for Week
Sale Price
■TOOK8
of Prices
Shares
Par
•
Arundel Corporation
Bait Transit Co
common
t
v
c
Low
23 Va
24%
\
II100
Preferred vtc.
5
5
313/4
3034
Boston
Range Since January 1
High
Low
24%
485
5>/2
525
3134
1,138
16
High
Jan
2.75
20
24%
Sep
7
Feb
Jun
40
Apr
Jun
7%
Sugars Assoc
Fidelity & Deposit Co
com
vtc.
„1
.20
10
158
10
50
8
Jan
158
158
34
155
Jan
12%
168
Jun
Maine
ft
Houston Oil of Texas 6%
.25
27 34
273/4
.10
pfd vtc.
common
13
13
13%
13%
14
3 %
Jan
108% 110V2
17
87%
Feb
30
1
Low
High
■;
.1
Stamped
-100
7434
71
75
1,199
.100
11
10
11
17
.100
—
11%
142
12
60 v4
90
10 Va
Aor
16
Jan
93/4 Aug
Jun
17
Jan
•
-
Jun
class B 1st pfd stamped
1%
.100
15
15%
75
10 V2 Mar
19%'July / ;
class C 1st pfd stamped
8%
_1U0
1134
12%
834
10 V2 Mar
17
10%
class D
pfd stamped—.. .100
1st
Personal
'Udn
;
Boston & Providence RR
—
.100
:
Jtih
16%
16%
10
14
Apr
22
16
Trust
Prop
16
16
50
13 y2
Jan
1734 JOly
56
56
,56
95
41
Feb
60
Apr
9
—
—
;
"JulV
July
Calumet
Humphreys Mfg
|
Range Since January 1
High
RR—
prior preferred
class A 1st pfd—
5%
Boston
Eastern
Low
Sales
Friday
Sales
Last
Sale Price
STOCKS—
Exchange
2734
Jun
30
Apr
13
Aug
15
May
Boston
.10
1.
Service
Cities
East
..5
Hecla
ft
.10
Co
830
6ya
19%
96
16%
134
85
75
6%
6%
6%
193/4
19%
134
—
1
1
Feb
24%' Jun
Jan
Mar
2
Feb
99
Jan
89 34
...
Jun
■
-
Mt
Vernon-Woodbury Mills
8 Fidelity ft Guar
"Western National Bank
13%
110%
2
.
100
100
com
Preferred
New Amsterdam Casualty
30%
f>»
15% Aug
110%
Sep
Eastern
30 Vj,
M
20
30 y»
25
26
Mar
30 Va
Sep
Eastern
42%
43
220
38
Mar
45%
Jun
6%
40%
—
Gas
40%
100
38 '4
41
Jan
July
Mass St
preferred
5%
series
77
1975
77%
80%
.-1975
A
82
$8,000
1,300
IOV2
Apr
86 3^
76
Apr
91
Jun
Jun
wT
.100
93
9334
.100
8934
87
8934
132
71
.100
17%
17
17%
170
143/4
Jan
13%
14
200
12
May
42
150
38
May
42
34%
35%
142
31%
Jan
36
27 3/a
27%./
156
16
Jan
27%
50J/a
50%
118'
42%
Jan
'
147/a Aug
42
'
21% Mar
13%
42
—
93%
52 y» Aug
78%
*
July
Ry—
B
Lines
—
Inc
common
$2 conv preferred
Baltimore Transit Co 4s
5s
SS
y
Associates—
preferred adjustment
Eastern
Bond*—<
Fuel
ft
4% % prior preferred
Employers Group Assoc
Engineers Public Service.
——
—
!
Sep
f
July ;;
Apr
'
Sep
•oin'-f
First
National
General
Capital
General
Electric
Gilchrist
Boston Stock
Friday
Exchange
Range
of Prices
Low
Par
American Agricultural Chemical
American Sugar Refining
Low
High
High
►-
353/4
34%
36 Ya
384
29% July
36 Va
Sep
48 Va
46 3%
48 Vb
94
41 Vb
Aug
55%
Jan
182% 184%
184%
Tel
American
Woolen
•
Anaconda
Copper
50
Tel
Range Since January 1
100
„10u
American
ft
Shares
34 Va
1,363
156%
Jan
19%
184%
20%
17
9ya
Jan
29
Jun
33
343/4
602
Jan
36%
Jun
29
Loew's
Maine
5%
Bird & Son
Boston ft
Inc
*
Edison
1
21
100
Albany RR
Boston
128
25
130
413/4
20%
21-
-17-
Jan
100
115 J/2 Aug
11
127 Va 128
41%
42%
-
1,753
37-
Jan
—
21
Sep
132
July
4234
Boston
Elevated
Herald
For
Ry
100
Traveler
footnotes
see
Corp
page
1204.
*
73 Mi
29%
73 y8
29%
75
29%
-
96
455
69 ys
23 V2
Jan
81
Jan
30
36 Vi
49%
1,363
37%
*,
16
16
16
17
17%
175
2%
220
1%
Jan
199
35 Va
Jan
40 Va
17
Feb
18%. Jun
41.47
14
41.47
Jan
Feb
Mar
13% Mar
-
Sep
49 Va
Sep
16
Jun
1734 Jun
173/a
2%
2%
38%
37%
39 /"
25
Copper
Theatres
18
18
18
1,048
53/4
Jan
12 y2
jun
49
48
49
235
41V2
Jan
62
Jun
71
71
35
64%
Apr
7134 Mar
153/4
16
275
7%
Jan
16%
Jan
22% May
com
100
♦
7%
100
Linotype
Central RR
55
•
preferred
Narragansett
Rac'g
Assn
Inc
—
7%
7
Service
1
V,
5
Nash-Kelvinator
New
Cos
!
2 34, Jun
Apr
'
21 Vb
20%
21%
350
15%
1
23c
23c
26c
777
22c
46
46
July
49c
Jun
.Feb*
England Okas & Elec Asn—
5%%
preferred
New England Tel ft Tel
*
100
121%
121% 1233/4
10
■
42
Feb
50
Vs.,Feb
124 >/2, Jun
200
109 3%
Jan
930
30c
Jan
1,149
30c
Jan
5
May
38% Mar
60
Sep
Jun
North
Boston
6
47 Va
•
Sep
149% May
Feb
440
147% 1473/4
100
41.47
49
15
*
Boston
Mergenthaler
50%
1
—*
Royale Copper
National
Bieglow-Sanford Carpet 6% pfd
L.—
i
Co—.————
Kennecott
for Week
1
Corp
Gillette Safety Razor Co
Isle
Sales
Week's
Last
Sale Price
STOCKS—
•
Stores
Jun
July
Butte
Mining-
Old Colony RR
Pacific
Mills
—
2.50
_100
38c
2%
60
38c
2%
58%
45c
3 3/a
60
90
72c
Feb
f
THE COMMERCIAL & FINANCIAL CHRONICLE
1198
Monday, September 10,
1945
OTHER STOCK EXCHANGES
RANGE FOR WEEK
Last
STOCKS—
Pennsylvania JRR
Quincy Mining Co
pfd
Union
Twist
United
United
iy4 Aug
<
15 %
14%
40%
41
32%
32%
22%
23%
•
35% July
41%
Jun
Line Material Co
Mar
Jun
10%
52
Jan
35
Jun
Jan
23%
Sep
Marshall
109%
*Mar
D)
90
79%
100
73% July
67%
174
51%
67%
66%
66%
45
59% July
Sep
69% Jun
15%
15%
15%
20
13%
Jan
16% Mar
47
48
55
36
Jan
48
Sep
36%
35%
36%
31% July
38
May
Jan
•
12%
Corp
12
650
7%
Jan
13
20
37%
Jan
May
10
45
3,710
7%
Jan
Apr
10
Sep
7%
7%
200
6%
Jan
5%
Jan
_»
9%
8%
91/8
350
17%
171/8
17%
150
cumul pfd—*
413/4
41%
413/4
30
34%
Jan
common-
413
—
&
Hart
Inc
350
13 %
Jan
700
18%
17% Jan
Jan
29 %
Sep
Jun
45
100
41%
Jan
46%
15%
16
300
8%
Apr
15
16
14%
15
500
10%
Jan
Sep
15%
2,100
Jun
2%
Jan
4%
Feb
I
3%
Monroe
3%
—10
Minneapolis Brewing Co
33/4
13
13
700
12
Jan
13%
1
com
13%
100
10%
Jan
Chemical Co.—
Common
■*
4 3/4
150
683/4
300
48%
13% Mar
4%
—
•
.
common
68
—
.h*'
.
Inc
National
71%
—1970
series A
mtge 4% %
71 %
77%
70% Aug
$500
Cylinder
common- —1
Gas
National Pressure Cooker
Apr
National
Standard
Noblitt-Sparks
North
Nor
Util
prior lien
Week's
Sales
Last
Range
,
of Prices
Shares
par
Admiral
Corp
1
5
common—
Advanced Alum Castings
Ball
Bearing
Aro
Co
&
•
capital
100
Equipment Corp common
Mfg Co common
.
1
Low
High
13%
13%
14%
6,000
10%
11%
3,050
7%
Jan
8%
8%
400
17%
17%
400
8%
—
9%
9%
19
19
Feb
400
158%
Jan
1,700
6%
Jan
183% 183%
JS-
9%
11%
19
100
Apr
183%
Sangamo
Sep
Sears
Jan
3% May
!
1
3%
3
3%
1,350
1%
4
9%
9Va
9%
650
7%
Jan
9%
I
Automatic
—
5%
5%
350
3
Jan
Aviation
Corp (Delaware)
Belden
Mfg
Bendix
Aviation
Berghoff
Bliss
&
Go
,
common
i
i
5
Corp
Laughlin Inc
common
Borg-Warner. Corp common——
Brown Fence & Wire class A pfd
Piston
Castle
&
(A M)
Co
Central
Illinois
Central
111
>
Secur
.Convertible
Serv
Corp
$6
pfd
Preferred
.
Chain
Co
;
Convertible
Feb
13%
12%
13%
200
26
25
26
300
44%
45%
33 %
33%
8
19%
2%
146%
4
•
37
Sep
July
45%
Mar
Jan
;
6%
Jan
Jan
19%
22
Jan
32
2%
%
Jan
400
150
4%
145% 146%
950
14
Jan
18
82%
Jan
147,,
Jan
20%
Apr
710
200
21% Mar
V
t
Club
for
c
19%
300
16
Jan
20%
Towel
Aluminum
*
Co
Consumers
Co
Common
Container
9%
23,400
7%
Jan
9%
^-
Dixie
Co
Cup
61%
1,250
53%
Jan
61%
'-
Elgin
38
100
25%
Jan
49%
Flour
#Fox
of
Mills
(Peter)
General
s
v
Amer
General
Inc
Gillette
Safety
Lakes
Dr
Illinois
r
•
*
Co
Central
Indiana
Katz
Power
Steel
Drug
Prod
Kellogg
&
For
Clark
footnotes
Jun
i
17
Apr
25
July
!
22
50
..
IIl5
20%
.20%
200
16.
16
150
14
Apr
34%
343/8
600
31
Apr
34%
Feb
23%
23
23%
600
17
Jan
23%
Sep
423/4
43%
130
36%
Jan
45
100
423/4
•
*
100
99% 100
Mar
21%
Jun
100
79
Jan
_
42%
43%
200
23%
Jan
43%
Jun
19%
19%
19%
400
14% Mar
19%
Sep
12%
12%
200
12
13%
Jun
72%
70%
72%
1,400
59"%
Jan
72% Sep
9%
•
9%
3,100
7%
Jan
10% Mar
*
common
Co
*
common—
10
May
34%
34%
35%
36%
400
•
13%
13%
13%
2,300
—___*
15%
15%
15%
100
8% Mar
8%
8%
200
7%
com
Wisconsin
common-
Woodall
Bankshares
Indust
Yates-American
Zenith
Radio
(new) 12 %
com
Machine
Corp
capital
Sep
^.5
common
38%
200
9
38%
100
31% Mar
34% May
31% July
Jan
37% May
11%
35
14% July
16
July
Aug
9%
Jan
42
Jan
Feb
16%
700
11%
34%
1,900
29 %
Jan
36%
Jun
89%
100
76%
Jan
100%
Jun
82 %
84
700
67%
Jan
84
5%
Unlisted
Stocks-
Copper
Mining—
—.
30%
30%
30%
4,500
28%
Jan
31% July
Bethlehem
11
11
11%
950
7%
Jan
12 % May
Curtiss-Wright
—
42
42
10
36
Jan
44
General
12
12
50
10
Mar
12
29
100
26% Mar
30%
Jun
Interlake
38
38
100
26 /
38
Sep
Nash-Kelvlnator
•
16%
New York Central RR capital.
Jan
16% Aug
Sep
29
—
—
July
108
107% 108%
870
*"
6%
—
24%
63/4
10
104
3%
Jan
Jan
108%
Apr
Jan
8
common
—
~1
Electric
Iron
Corp
Co
Corp
(Glen L)
24%
100
32%
32%
200
19
Jan
48%
commbn
__
II
Co commons
6%
473/8
11
7
900
48%
400
11%
200
18%
10
15
Jan
18%
24%
24%
600
18%
Jan
24%
Sep
Jan
4%
43/4
2,050
4
Apr
40%
40
40%
270
39
Mar
22%
20%
223/s
2,200
13% Mar
22%
"40%
40%
725
35%
40%
400
25%
26%
550
7% Aug
24% Aug
573/4
573/4
100
Co
4%
5% Mar
*
8
44
Jan
22% May
25
26%
1,000
22
Jan
32%
Jun
33% x34
300
28
Jan
34%
Jun
59%
59%
200
48%
Jan
59%
19
19%
600
17
Jan
21
16
16
16%
3,600
25%
25%
26%
1,900
61%
-1
common.
—
.10
mm
28%
15% July
62
900
28%
200
r-
;
10%
Jan
16%
19%
Jan
26%
Sep
Jan
37
Aug
56% Aug
18% Jan
57
mm
-
34%
Sep
Mar
29 %
common
.25
Corp
Jun
28% July
15% Jan
May
Studebaker
11%
22% Aug
19
Republic Steel Corp common
Brands
Mar
200
700
.
•
Standard
9
27%
34
•
(The)
Sep
21%
,
common:—-
Radio Corp of America common
Feb
8%
Oil
Jun
48%
21
_
21
-1
Sep
39%
Pure
7%
Jan
27%
—
-5
-
Feb
17
Sep
Jan
38
26%
Corp
Paramount Pictures Inc.
Pullman Incorporated
26% May
32% Sep
18%
8%
7
•
Jun
24%
—
Steel
Aug
Sep
65% May
29% May
'66
Aug
Feb
57%
Feb
19
Apr
10%
10
73%
72%
Sep
733%
200
62
Jan
73%
Sep
—
—-.
1
Sep
July
*
19%
19 3/8
19%
600
10%
Jan
19%
—•
17%
16%
400
13 % Mar
17%
13%
13%
133/4
200
13%
Feb
58
58
100
51% July
58
Sep
"2,400
18% Feb
Cincinnati Stock
v
Jun
;——*
,
Sep
17%
24%„Sep
common
*
COM
23%
23
%
24%
9
Jan
Friday
10
—
1
18
_*
1
10
.
Light
*
1
1
common——*
com
A
—-
common.^—
1204.
•
50
*
13%
Apr
18
Sep
Sep
50
10%
Jan
13
57
100
18
20
6%
16
-
6%
153/4
23
r 100
28
; 20% July
17
Jan
3%
Jan
7%
Jan
273/4
27%
300
9%
28
9%
Industries
9%
35
"
10
300
200
9%
10%
550
9%
1,750
34%
35
54%'
54%
54%
—
50
50
Low
20
Jan
25% Aug
XJ9% Jan
6%
Jan
23
May
6% July
16% Aug
41% Jun
29
28
9%
Feb
Sep
Sep
Laundry^ Machine——2u
American
Products
Participating
—r_—
—
,r: Preferred
Burger Brewing
150
>36%
*
—
*
Baldwin
j
-
preferred
,
.
—
_8
—
■*
Jan
10%
Jan
11%
Jun
17%
18
16%
Jan
25% Jan
35%
36%
1%
223
32%
Jan
36%
7%
100
1%
7,
35
Sep
20
52%
Feb
56
May
100
33%
Jan
50
Cincinnati Gas & Electric pfd
Feb
1
Jan
1% Mar
4%
Jan
7%
Sep
July
19
1
10
Jan
19
109
5
103
May
109
Sep
10
Jan
10
10
50
9
Mar
Cincinnati Telephone
Cincinnati Union Stock
107
Sep
Coca
Cola
class
107%
107
107%
49
12%
12
12%
50
Yards
lOO
50
Cincinnati Street
1,045
85
84
85
_•
14%
14%
A
'•
—
Crosley
Corp
%
36%
Dow
Drug
Eagle-Picher
Formica
Insulation
-
130
36%
11
Fyr-Fyter class A—
Jan
83/4
17%
109% Jun
14 "
Feb
78% Mar
86% July
70
11
July
16
Jan
31
125
Jun
133
May
163
14%
130
36%
11
8 3%
1
28% Mar
260
8% May
'
*
——10
7
40% Jun
11
Feb
9% May
8%
60
17 %
17%
264
13%
Jan
19%
Jun
28
28
25
26%
Jun*
33 V2
Jan
15
18%
Apr
21%
Sep
*
—-
Sep
85
109
Jun
7%
28% Mar
1
High
Low
,
—
6%
Range Since January
High
17 Ve
19
100
—
Crystal Tissue
10%
Shares
*
American
,
57% Mar
Jan
650
100
27%
9%
Jan
14%
'
333/8
30%
48
1500
333/8
27%
Jan
6%
16
of Prices
Par
/Feb
23
100
com
22
650
18
—
200
18
12%
56%
57
30%
173/4
Sales
E
for Week
Sale Price
STOCKS—
Range
——
12%
_*
(new)—
page
30
8
Exchange
Week's
Last
}
i
Apr
16% Feb
16
—25
—
20%
151%
343/a
5
common-
33 %
Feb
common
39%
89%
6%
Lamp
see
Jan
34%
16%
Kentucky Util Jr cum pfd
Kimberly
23%
89%
49%
Co common
Tube
Jan
26% Aug
5% Mar
!
3%
1,100
'
-50
50
common
Switcboard
22
Jan
3,100
5%
38%
Atch Topeka & Santa Fe Ry com_. .100
'
Ken-Rad
24%
5
Jun
100
common
&
—
common-
Products
24%
37%
Aug
Independent Pneumatic Tool vtc com_*
Indianapolis
common——
'
5%
"38
18%
103/8
capital
RR
20%
——
—1
June
July
17
18%
common
Brick
100
II20
j
42%
50
10%
Houdaille Hershey class B
V Illinois
26% Apr
17%
common
;Hupp Motors common
350
17%
f 'ftibb Spencer Bartlett com————25
S Horders Inc
39
American Radiator & St San com—
18%
Parts
Motor
38
k
1
Anaconda
1%
Hall Printing Co common
y-'Reileman Brew Co G cap—
Werner
(The)
Radio
Aluminum
Hein
39
Jun
17% May
Jun
common
Dk
12% Mar
17% Mar
6%
com—5
common
&
17%
400
Jan
10%
Goodyear Tire & Rubber
Great
17
3"%
.1
Razor
Goldblatt Bros Inc
17%
36%
'•'••
Corp common
/•General Outdoor Adv
14% Apr
14% Aug
tl9% Aug
300
5
Transportation
Corp
100
800
6%
6
<:'r; "K''i•• Va• v.*
Motors
Corp
Westinghouse El & Mfg
May
15
Co
Brewing common—
General Finance
1,350
20%
16
6%
w'General Candy class A-——————5
'
16%
203/8
24%
20
1
Corp
America
y-'.'''S.''
July
15%
Jun
—•
(The)
Utli
16
15%
20%
74
—.——_*
.*
6
Watch
National
Sep
Jan
Industries Inc class A
Housenoid
Electric
Sep
Sep
8
Jan
iP
2
26
130%
Jan
5%
16%
—2
common
common-
Corp
Co
Walgreen
Sep
yjii f 4'.
Paper
Jan
Mar
100
63
Mfg Corp common———
'Doehler-Jarvis Corp
J
Domestic
18%
100
100
.
300
.1
•^'fcodge
.Eddy
8
;
Feb
38
——-25
Motor Car
800
24%
68
25
common
common
common
T
26
*
27% July
20 Ve
Cudahy Packing Co 7% cum pfd—-100
Curtis Lighting Inc common
2%
Diamond
23% Jan
19%
partic pfd__
50
shares vtc class B—*
of Amer com
-20
Corp
Co
——
—s———
Carbide
Martin
Crane
400
68
vtc
part
27%
19%
'
J '
Sep
27%
*
com
Inc
Consolidated Biscuit
Apr
Jun
30%
5
Co
Commonwealth Edison
5%
22%
68
10
common—
Uten
(The)
gColeman
capital
common
Service Co
Jan
Sep
163/8
Indiana ^capital- —25
*
class. A common
U S Steel common
"Utah
Apr
59%
*
common
Sep
46%
Jan
11
153/4
& Carbon capitalAir Lines Transp cap
III5
Light & Rys w i
United Specialties common
—1
27% Mar
8%
61%
Jun
Aug
8%
16
24
19%
9
89%
162
Jan
100
100
8
United
Jun
15
—
4%
xl7%
18%
130% 130%
United
July
5
Dredge pfd
Co
Union
July
2% Apr
24
15%
f
110
H Jan
5,400
July
•
208 South La Salle Street Corp com
Aug
8% July
Jan
30
500
2
common—'
NatEStockyardft capitals-
&
Trane
Sep
99%
5
Feb
10
313/4
157
30 %
26
—*
Bundstrand Machine Tool
Swift & Co capital
J
13%
40
20
18%
*
•
Stewart-Warner
Jun
100
50
Apr
30%
I—1
capital- I—5
Works
z: Common'.
Standard Oil of
Stein
!
t
Sep
8%
1,000
197/8
:
f
33% Aug
Jan
5%
17
17
26
23%
32
2%
18%
150
106
*4%
13%
1,400
8
88
19%
*
preferred
1,200
10% Mar
Feb
162
40% May
6% Mar
4% Aug
76%
27%
—
Lathe
Inc
Standard
Jun
55
'
370
8% Mar
Jan
33%
200
18%
II_1
capital—
(new)
Bend
St Louis
Chicago & North Western Ry—
Cities
:
Jun
21%
Jan
32
-1
••'Chicago
-
34
Jan
48%
105
-5
y
Jan
16%
32
Chicago Corp common:
*
26
105
Cherry Burrell Corp common
|
150
350
*
—*
common—
f
200
8
-———.
Belt
July
20%
—-.i—■——*
Central States Pr & Lt pfd
.
20
55
8
50o
Jan
32
5
1
common
preferred
Central S W Util common
16%
55
10
common
Pub
Jan
.20%
*
10
Brothers
5%
20%
Cummins
Common
Spiegel
100
32%
1,200
5%
Jun
Jan
—
*
common
Roebuck
South
!
600
20
Co
Sinclair Oil Corp
Feb
32%
„
—1
Ring common—
Butler
B%
19%
1
Common
Burd
*
10
5
Corp common
Brewing
8
1
common
Co common
Bastian-Blessmg
8
3
,,.
f Barber Co (W' H)
:k
—
4%
May
58 %
-
6% May
9% Jun
—3
2,550
5
4
& Co capitaL.
Corp class B common
Signode Steel Strap—
.: /
/
;
Asbestos
common-
Jan
7%
313/4
_50c
common
Jan
43
88%
5
SerriCk
10% July
21% Jan
Athey Truss Wheel capital
Electric
Schwitzer
Mar
17
Mills
153
136
5%
Sep
Sep
Sep
28
20
873/4
•
20
Jan
50%
88%
46
17% Aug
23 %
50
38
162
Feb
15% May
July
Sep
Jan
19%
7% Aug
16%
Hosiery
38%
1,000
~5%
—
Jan
20
63/4
—10
—
Rollins
800
/
145
37%
I100
—:
46
20
28
7%
»
common..
43
50%
--
1
common—
Co
Packing common
Raytheon Mfg Co 6% pfd
'<■;
Common (new)
15% May
11% Sep
•;
Washer
(The)
Oats
39
36%
18
—50
Rath
High
Jan
10
5
common...
Co
Preferred
Range Since January 1
11%
*
common
Allied Laboratories common
American Tel & Tel Co
low
"
15 % Mar
150
145
5
com
capital
for Week
Sale Price
Friday
STOCKS—
Potter
Quaker
RR
100
43
'
-100
Peabody Coal Co class B
35%
28
I100
pfd
100
44
19%
•
common
preferred
Pennsylvania
Chicago Stock Exchange
46
__20
common
14%
35V4
X42
i
4% Aug
•68% Sep
42
35%
—10
capital- —5
Inc
Car
Bancorp
West
7%
Armour
Jan
.
14% May
14
Aug
14%
2
common-
common
Ind
American
Northwest
Aetna
2% Mar
■■'■■■■■■
Boston & Maine RR—
Jun
16%
29%
45
vtc
common
Jun
44
15%
—
1
-
18%
16
—
$1 prior preferred
Montgomery Ward & Co
Bonds
13% Mar
7% Mar
9% Aug
29
—
29
*
common
8% Aug
41
9%
—
common
j
High
4% Mar
11%
9%
1
-
300
41
——
Mickelberry's Food Prod com
Middle West Corp capital
Miller
*
Co
12
January
Low
8%
80% May
66%
79%
67%
common__50
Electric Corp
Masonite
Sep
696
79%
Field
.
Range Since
High
8%
III5
McCord Rad & Mfg $2%
McWilliams Dredging Co
15%
8%
—7
common
30
107% 109%
108%
common
Jun
Jan
420
Co
15%
Jan
iy4
457
&
Jan
12%
19
15%
*
Low
8
L<eath
Jun
Feb
—25
System Inc_
(S
Par
LaSalle Ext Univ common
Cumulative
preferred
Libby McNeil & Libby common
Lincoln Printing Co common
Lindsay Light & Chemical com
160
8
Ref & Min
Smelting
Warren
40%
3%
14%
3%
10
Westinghouse
1/ STOCKS—
High
33 % Aug
9
1%
2%
39%
Co
Fruit
S
1,092
13
2%
•
——
S Rubber
U
12%
5
—,
Drill
United Shoe Mach common—
i' Waldorf
Shares
Friday
Range Since January 1
Low
38%
1%
l'/a
•
Drug Inc
U
Shares
•
Torrington Co
<
for Week
High
37%
13
:*
Webster Inc
&
37%
100
——
&'» :vV;..-V';VC■"•V VStone
Low
-25
Machine
Hole
Button
Reece
.Rutland RR 7%
Sales
Range
of Prices
of Prices
Sale Price
———
Week'e
Last
Sale Price
Sales
Range
Par
._50
r
for Week
Week's
Friday
ENDING SEPTEMBER 7
21%
21%
Apr
;
;
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
1199
OTHER STOCK EXCHANGES
WEEK
RANGE FOR
Friday
Week's
Last
STOCKS—
•/*■■■
"',•••V'"";
■1st
Kroger
Leonard
Lunkenheimer
12
* 501/4
12
50 V4
41%
4078
474
28
—
;
—.—
—
■
*
64%
Randall class A--—-.-————
U S Playing Card—
U S Printing
*
.-10
*
—•
51%
26%
51%
19 %
23
Hoover
Ball
13 %
Jan
Hoskins
48
Apr
50%
Sep
Hudson
36%
Jan
Hurd
Kingston
11%
57
5
Jun
80
4
Jan
44% May
43/4 July
16
27
Jan
32
Mar
55 % Mar
811
647s
Sep
75
23
25
27
July
54
457/a
Jan
56
14%
Jan
21%
Unlisted—
f Apr
Sep
23%
180
23%
23
*■'./
—
7%
\«
—
7%
•
15%
JanJan
4
791
>
Oil
Standard
Pure
10
i
40
*
Brands
71%
,
19%
'
*,
United
16
100
30%
180
15 7®
7%
7%
2,295
Lakey
1
5%
5%
40
23%
Sep
8% July
17s
17s
150
Machine
5%
900
LaSalle
•
Murray
Die
Jun
20%
Jan
40
Sep
Peninsular Metal Products-
51%
Jan
607a
Sep
Rickel
25
127a
Aug
13%
Sep
preferred
4%% pfd_
Cleveland Cliffs Iron
Cleveland
Ilium
Elec
Cliffs Corp
Goodrich
common
F)
(B
s
Sep
Parker
Tire & Rubber com.
Stores
Bros Cooperage "A"„_
Goodyear
Drug
Gray.
Greif
Halle
Bros
.
common
Preferred
Jaeger Machine
T__
Metropolitan Paving
National
Jan
a65
50
53
July
a58
a58
50
48
July
573/4
271
14
Mar
23
48
Jan
5672
Bros
Oil
Dorn
Van
r,
25
16 3A
Jan
23
Tube
B
Vlchek
Tool
Name
changed
52
Jan
55
Universal
to
Gray
33
Jan
397a
Apr
5374
35
■
28
28
28
>
1672
Tire
&
117a
11
11
6%
Jan
39
Glidden
Co
3372
Interlake
'•'
N
4%
Jan
12%
Jan
29
Republic
S
May
2
Jan
672
30
30
475
18%
Jan
30
10(1
16%
Jan
2274
Youngstown
49
3%
33/8
33/8
4
4
50
898
39% Mar
50
Sep
,
5%
43/s
4%
474
9%
10%
10
2372
Apr
Aircraft
Accessories
18%
Jan
26
Sep
Bandini
Petroleum
9
9
325
7%
Jan
10 3%
Feb
26
972
;
Barker
39%
Jan
22%
Apr
44
Jan
20
54
Sep
6274 .6274
.
142
37
Jan
44%
17%
900
13
Feb
17% Aug
1%
1,500
Diamond
333/4
Sep
39 %
Jan
58
Aug
117s
Jun
21%
Low
Packing
Corp
Preferred
of
For
197a
Jan
26%
Sep
Electrical Products Corp__
Jan
723/4
Farmers
Mar
267/a
Sep
Sep
20
40
& Co.
627a
800
2%
3%
2,300
Apr
1% Mar
3
53/8
5%
53/8
4%
53/8
2,530
2774
1,016
a27% a273/8
25
27
2774
a33% a33%
82
——
Hunt
(new)
of Prices
.
al25 7a
3%
Sep
53/8
53/4
■
/
?
Sep
Jan
Jun
21
Jan
2774
Sep
243/4
Feb
26
Apr
:>
Jan
28%
1
200
77
131
■
V
v
4
333/8
Apr
I
89
Jun
|
Jan
f
Jan
94
53/8
29 7b
185
15
15%
1,620
10%
31%
31%
524
27%
15%
840
1,395
Aug
I
25% Jan
t
16% Aug
26% Jan
22
29%
15%
V
Mar
Aug
20
22
ii%
4
class A
Stores
Com
Motors
...
>
f
123
29% July
16
Jun
Jan
Oil
Mascot
Pacific
6%
J
Sep
i
Sep
16% Aug
Feb
Jan
72
Sep
16%
756
8
6274
Jan
267a July
573/8 Mar
503/4 July
88
466
15% July
3% Jan
40c
153/4
1674
85c
30%
65c
2.95
2.50
73/4 /:
1
11c
57
7%
8%
%C
40%
i
5
V
717s July
173/4 Sep
6% July
Jan
16%
Feb
Jan
85c
Aug
19%
454
45c
45c
707
1,637
Jun
13%
1,100
Jan
30%
Sep
75c
Feb
60c
3,500
1.45
5,510
Aug
Jan
8c
!j
Jun
|:
Apr
974 Mar
f
374
Jan
1,250
3,013
Jun
6% Aug
23c
30c
1,500
20c
Jan
37c
Jun
55c
60c
4,100
29c
Apr
75c
July
407a
403/4
a3974 a3974
25
57%
Pacific Indemnity Co
*
25c
Jan
30c
30c
—25
common
250
6 3/a
lie
— —
1
1st preferred
173/4
65c
65C
1
Corp
53%
30
1
Co_.
160
80c
,
—-1
—
68
39c
85c
1
•
"j
68
1774
1674
1
& Elec
Jan
Jun
>'<
40C
1
-i
Petroleum
15%
540
67a May
699
26
33
Feb
67»
—10C
Manufacturing Co
Gas
,
——
—10c
Corp Ltd
Oil
13
525
72
a563/4 a58 V\
a5874
~10
:
Aircraft Die
540
v
V •'
Corp
Company
510
26
♦
;
Lockheed Aircraft Corp
6%
Jun *
12% Mar
10
72
—
Co
16
6%
1
Co
Petroleum
Lincoln
540
15%
6% -
1
common
Petroleum
540
#
Co
Packing Co com
Lane-Wells
14%
540
10
common—
&
McBean
Bros
23/4
2%
Pacific
*
High
Low
900
5,446
Range Slnoe January 1
Low
High
2
1072
July
23/4
Feb
Jan
13 3/a
Lighting Corp common—
Richfield
Oil
Corp
577a
a537a
824
34%
Jan
20
387a
Jan
41% May
100
51%
Jan
593/4 July
53% July
63
483/4
Jan
7%
3,430
5%
Jan
1274
1,892
1074
Jan
73/8
600
6% May
227a
542
20% Aug
49%
210
413/a
41%
Jun
,
Ryan
Aeronautical Company
13%
47 3/a
150
373/4 Mar
473/8
Sep
Safeway
Stores,
274
2 3/a
5,390
172 May
23/8
Sep
Security
53/4*
12474 12474
5
11%
;—1
11%, 12
1,700
110
385
3
Jan
101% Feb
8% Jan
57a Aug
Jan
572
53/4
200
22%
22%
1,518
2174
2%
670
17a
Jan
955
157a
Jan
27a"
2%
5
J—2
1
18
•
—
t
20
4%
43/i
600
4
5 3/a May
124%
12%
Sep
103/8
5,125
no 7a
650
727a
43/4
ll3/4
1,271
500
1,841
9%
10
723/8
_10
4%
_1
•
11
11
\
12%
Jun
•
Corp
15
Apr
7%
.
7
57$
22%
49
49
a26
V
•
.
a26
10c
9c
30
f
Jan
13% Mar
ij
10
$
4c
4,000
May
1
Apr
Jun
Feb
14% Aug
17%
Mar
11
21
Jun
1,028
185
31%
32%
1,133
26%
317a
100
30%
30%
30%
483
30
a
/
Jan
273/4
July
17 7a
al7%
51
17c
16%
167»
23%
Jan
253/4 Aug
31%
16%
——
Southern Calif Edison Co Ltd——
Sep
Feb
preferred class B
preferred C
Calif Gas 6% pfd A
572%
So
103/s
Sep
Standard
Jan
107a
Sep
Sunray
62%
Jan
72%
Jan
Jan
4% July
53/4
Jan
12% Aug
Oil Co
—
30%
v
32%
Sep
Jan
32 y4
Jan
3174
Oil
Corporation
Transamerlca
Corporation—
Transcon & Western
Air Inc..—
1
Jan
383/4
•
——*
Jan
Mar
383/4
270
38
Jan
40
Jun
473/4
473/4
473/4
356
39%
Jan
57%
Jun
40%
40%
41
Jun
25
Company
of Calif
32%
25
-
1,515
39
Jan
4574
6
67s
340
6
Aug
774
Jan
107a Mar
147*
Jun
Feb
49%
Sep
Sep
33/4
Pacific
25
25
6%
2% July
73/8 Mar
7
8%
Jan
23% July
20
22%
25
Sierra
y;;;i
~
—30
Trading Corp
Sinclair Oil Corp
Shell Union Oil
Southern
_3
7%
1274
II-1
Inc
Solar Aircraft Company
5%
10
20
—
Company—
53/8
7%
*
common
a53
Sep
123/4
53/8
a537a
1
Republic Petroleum Co common—
47%
137s
—1272C
1.75
27
474
474
-•
50C
—
Hupp Motor Car Corp
Sales
2%
1204.
82
al23%al257a
I'
Merchants Nat'l Bk„ —100
1
Farnsworth Television & Radio—
Nordon
Shares
1
page
v
Jan
js:
•'
for Week
1
see
Feb
25
2,042
4%
&
Northrop
Range
1
footnotes
Jun
677a
IZIIi
Inc
America,
58%
Week's
for
1 ;
75
10
_•
—
Industries
Dresser
Intercoast
....
common
Feb
52%
•
Feb
DETROIT
Bale Price
Brewing
52%
527a
570
3,100
Jan
Chicago Stock Exchange
*
Goebel
50%
52%
5
2074
New York Curb Associate
1
Graham-Paige
Jan
303/4 May
550
::ioo
3274
Last
Motors
Sep
5%
29%
—L*
corn-
Corp
Jan
Friday
General
1178
29%
•
\
Hidh
53/4 Apr
29%
3%
"f''
jj
3% Aug:
173/4 Jan
4%
Company— _u—1
1678 Aug
Detroit Stock Exchange
Industries
Low
High
103/4
4%
5
'
Range Slnee January 1
117s
1178
V'*
0
:V -
Share#
1
Consolidated Steel Corp
?/8% Mar
b'd '•
Sales
of Prices
~
Investment
Aircraft
Cessna
Oceanic
Finance
Unlisted Issues
1
Occidental
Wood
—
'
Menasco
Gar
Listed
for Week
1
—
Co
570
„
BROKERAGE
FACILITIES
Range
50
Chrysler Corporation
Jackson
294
_■
AND
Week's
*
Jan
May
telephone: Randolph 5530
General
Jun
Mar
Co., New York
1
25%
2674
a26% a267/a
&
Stock Exchange
*
Corp
California
267a
Ford Building
Steel Corp
Frankenmuth Brewing
2 V4
Jan
50c
Corp
Oil
Chica
Sep
62
Detroit Stock Exchange
Detroit
Jan
1%
2
473/4
126
Exchange
—
Sep
77» May
9% May
42
Sale Price
Consolidated
64
Members
;
10%
67a July
43/4
l3/a
.
377a Jan
173/8
Watling, Lerchen
—
53/i Mar
4,015
41%
1
V;.rv;
Iron.
Feb
413/4
—
Hancock Oil Co "A"
Gray
Sep
5
17%
Goodyear Tire & Rubber Co com
;
43/s
Jan
300
common
53 % Mar
V 40
a71% a72%
Steel Door com————*
-
Jan
3%
3,312
Berkey & Gay Furniture Co—
Gladding,
Detroit
972 May
2%
800
....
1
Byron
17%
A*
Detroit & Cleve Navigation
Detroit Edison common
Jan
1,800
.
6%
Corp
3072 May
5872 Sep
a24% a25%
{
Motors
Jun
Jun
8%
—
preferred
General
Continental
7
535
57a
14
6%
A—
10
„
a54% a55%
,
28
20
a27% a277/s
*
*
-
Jan
Feb
7%
Co
Corp
Bros
Barnhart-Morrow
125
a537a a547a
Briggs Manufacturing
Brown/McLaren
Burry Biscuit
Chrysler Corp
978
3 3A
127a
Jun
7%
Par
193/4 Aug
480
Baldwin Rubber
13
Sep
4
—1
,J>".
480
*25
50
^
18Q
665
57a
8%
123/4
Sep
3% Aug
3% May
262
474
STOCKS—
a20% a21
all3/8 all3/g-
Electric
./-
Last
Fitzsimmons
Allen
Jan
1,426
4
Friday
26
STOCKS—
4%
Spring Street—LOS ANGELES—TRinity 4121
21
—*
New York Stock
Jan
Los A ng(lies !Dock Eixchai>S0
Sep
*
common
2%
7,655
Sep
2274
75
Steel
Steel
class
July
Sep
15
a567a a573/8
common
4%
474
common.
650 So.
Creameries
Oil
47a
9
Member Los Angeles
Central
Y Central RR common
4%
Sep
21
100
1,265
672
a477a a47%
a337/a a33%
common
20%
Aug
20%
v--
Ohio
U
Iron
Jan
Sep
•
—-*
Industrial Rayon
Jun
13
1,432
,
1172 July
Jan
35
.;
Jan
.
common—
20%
FAIRMAN & CO.
Jun
7%
23%
2274
-10
19%
Jun
1772
1374 Mar
209
....
a29 7s
.
27%
100
203/4 >203/4 /
10
-1
Rubber
;
3% Mar
7%
263/4 Mar
2%
20%
1
Broadway Dept Store Inc com
-
Feb
Jan
233/4 Mar
Feb
106»
:
34
a27
30
450
117a
33
n
Jan
Unlisted—
\
204
Feb
Jun
complete Investment
Bolsa
Firestone
2,060
24%
37e
.5%
500
7 3/4
Direct Private Wire to Allen
Blue
General Electric common
3%
33/4
;
Aug
23 %
-,.-.1 "915
17
'
65
63
a387s a387/a "
17
—*
Cleveland Graphite Bronze
3%
7%
24%
Jan.
-50
Cooler
Feb
Stores
Addressograph-Multigraph
19%
73/4
1
247* Mar
57*%
Drug
287s May
Jan
^_1
common
Warner Aircraft
May
124
5374
35
114%
-
S & T com
Youngstown
Jan
13 V8
3%
Investment
Radiator
S
*
Weinberger Drug Stores
243%
325
__1
•
———
100
18
13
common.
10
Ohio
of
273/4
--
Manufacturing
Mar
85
50%
227a
227s
50
Iron Works
Sep
July
173/4
.10
""
Standard
76c
Jan
27%
18
__2
Co
Brewing
Jan
30
s-
Jan
2%
•
Jun
-1
72
50%
—*
*
.
.
32c
17,500
2,115
Feb
20
193/4
50
———•
Corp
Patterson-Sargent
Richman
Jan
18%
———1
*
——
1%
Aug
Jan
1093/4
20
1
National Tile
Packer
94
80%
10
1,307
a65
*
i
common—
Refining
Nat
50
23
923/4
2272
*
Brick com
Acme—-—
772
Jan
Jan
—10
Cement-.
Portland
Medusa
53/4 Mar
Feb
23%
92%
:—*
1
& Sessions——
Lamson
73/4
Jan
1113/4 111%
*
.
L &
Island
Jan
20%
22 3/4
*
Laughlin—
&
Kelley
63/8
105
*
—
High
250
50
;
low
774
5
—
5% 'Sep
'
High
7
*
*
Sep
172 Feb
3%
1
Invest
W)
(H
Preferred
Range Since January 1
a2274 a22%
*
1
Interlake Steamship
Jones
—
5%
3%
1
Wolverine
Union
U
Shares
*
common
Jan
174
*
Udylite Co
Sales
for Week
*
*
5
—
75c
68c
3%
River Raisin Paper
Range
*
Jun
Jun
28%
of Prices
50c
Fuel
&
Ice
75c
»
18 3/4
Last
City
150
1-2%
Jan
Sale Price
Low
Sep
7%
.17b May
474 Jan
8,690
1
Car--.
Motor
62%
Cleveland Slock Exchange
Par
53/4
1%
5
Rust-Proof
Tivoli
Akron Brass Mfg
5%
1%
10
—
Chemical Co
Packard
Standard
STOCKS—
53/4
1
100
S
•
1%
I
common
Casting
Corp
Sheller
Week's
53/4
1
Products
Screw
Scotten-Dillon
Friday
16
3474 May
May
37a
2
Wines
Masco
737/s
,
603/a >
137t
60
—■,1374
,
Jan
Jan
6
2,125
1
1
28
19'A
39%
•
273/4 Aug
f
common
262
,
High
Jan
127a
30%
77s
Products
Prudential
Roller BearingAircraft, —
Timken
16
30%
1
117
73%
187s
__
—
-
-
737/8
237a
210
*
Drug
Foundry &
Parker
[
27
Car
Motor Wheel
25
Mill
Low
\
■
Park
Motors
27
Range Since January 1
High
Mfg
&
McClanahan Oil
/
Columbia Gas—
General
Low
10
27a
Bearing
Mfg
Michigan
American Rolling
Shares
Mar
663
51%
&
Motor
Lock
Kinsel
64%
26 7a '
for Week
Par
Sep
22%
Sales
Range
of Prices
Sale Price
High
22% Sep
405
4278 *
47»
28 V2
61%
Procter <fe Gamble
a
22 */2
Week'*
Last
Low:
—
•
"
---*
7
STOCKS-
Range Since January 1
High
—
e
—-100
—<■
SEPTEMBER
Friday
for Week
Shares
22 7a
—
—
——l
•—
——
Low
-
* "
-12
preferred
Kahn
of Prices
Par
*
"
•
Kokenge
&
Julian
v
Range
Sale Price
i
ENDING
Sales
..
■f 0
2
13 7«
13
13%
1,089
5
49%
49
49%
80
28
, *
i
CHRONICLE
THE COMMERCIAL & FINANCIAL
1200
Monday, September 10,
1945
OTHER STOCK EXCHANGES
RANGE
Sales
for Week
Shares
Week's
Friday
Last
Range
of Prices
Sale Price
STOCKS—
Low
Par
High.
WEEK
FOR
SEPTEMBER 7
ENDING
Uriion
Oil
$3%
Low
-
High
Lines
Air
Western
22
22%
Jan
25 %
99
99'A
20
99
Sep
99%
Sep
Electric
17 %
17
17 %
200
15%
Jan
28
Mar
General
Inc_
1
50
16%
Jan
27
Jun
a25% a25%-
'
—
20%
1,493
Mar
Mines
Gold
Calumet
10
Mng Co
Juneau Gold
Alaska
Co
25c
Imperial Development Co Ltd
.'
ghUisted
•
*
100
50
5
100
25
3
<fc Refining Co
Tel & Tel Co
«tnrerican
Copper Mining Co
Co (III)
&
Armour
AT & S F Ry Co
Atlantic
Refining
Aviation
Company
Corporation
Aviation
Bendix
Corp
>Bethlehem Steel Corp
160
'a
a34%
9%
__
—
Jan
36
6%
Jan
77%
6
Jan
370
5%
Feb
9%
Jun
Aug
30%
48% July
49%
260
68'A
Jan
17%
Jan
27%
39%
Apr
42%
Paper
a23% a247/a
a43% a46%
230
157/a
425
10%
Jan
a417/a a41%
a66% a67%
10
39'A
Jan
42
50
48%
Jan
66
20%
Feb
23'A
355
4%
Jan
B
$3
Corp
—
.
-
—
19%
7%
a17%
1%
a22%
.11%,
a33
a25 /a
.
6%
20
19%
Jan
18
375
Co
General Electric
9
45
21
Northern
19 %
4%
240
-38%
McNeill & Llbby.—
Libbv.
Loew's.
Inc
Magnavox
&
2%
Company
McKesson
American
American
1
Aviation Inc
"North
Co
Car
Co
294
Jan
12% Sep
Continental
Jan
47
Aug
Follansbee
45%
Sep
Fort
Pictures,
Paramount
1
50
25
Inc.
Pennsylvania Railroad Co—
Phelps Dodge Corp
12% Aug
Apr
Lone
Mountain
Jan
Oil
Radio
of America
Corp
'/Republio Steel
(Bears,
Corp—
Roebuck
61
7%
39%
Jan
12%
Sep
537
30
9%
Jan
14
19%
Jan
26
Jun
68%
22 '
Jan
32%
San
Jun \
Standard
United
Brewing
U
U
S
;
Warner
Steel
Union
Tel
Co
Wool worth Company
101%
Jan
\
10%
3%
3
3
142%
1%
16
1
-
.1
17
52%
?
V
10
Jan
17%
Jan
62
Steel—i
34%
28%
a34% a34%
52%
52%
345
.18%
Jan
29% May ;
a43% a437/a
17% 18
•
18
v
—
—
.
Pub
Curtis
17%
36%
—
a46
—
Apr
43% Aug
Jan
20
84 %
Apr
117%
Jan
92% May
129% July
33%
Feb
Delaware
v
,
New
York
New
31
28
Apr
Jan
61%
Jun
Jan
71% Aug
North
4th
Stock
Apr
18
44%
Jan
49%
45
.
31% July
100
17%
Jan
Low
103
41
>
Jan
184%
-?
Low
17%
High
Jan
25
Mar
v
16%
'
124%
•
854
157%
Jan
184%
Sep
22%
227'a
115
16%
Jan
22%
Sep
28%
29%
410
16%
16%
635
93 %
18%
•
19
16%
20%
21
of Prices
Acme
Alax
Gas
Oil
Alberta
&
Algoma
&
Oil—
168
*
4%
Gas
„1
Consolidated
Copper
Steel
♦
footnotes
"lOO
see
page
1204.
182
36%
267
885
34
-
Jan
38
27% Mar
-
Sep
4% July
Apr
34% Sep
37% May
31% Aug
StM St. Louis 2, Missouri
Shares
Monarch
93 %
Sep
Sep
Missouri Portland Cement
10%
.
Jan
92%
Jan
9%
19
Jan
16%
125%
Sep
17 % Aug
Jan
22%
Jun
Steel
National
Sterling
Stix,
&
Wagner Electric
LISTED
WEEK ENDING
4%
900
1,917
75
i,:
9%C
15%
101
2% Mar
?'• 44
"
5!A
Mar
64%
Aug
99
Sep
100% July
7%c
Jan
14 %c
1.95
500
17% July
1.25 Mar
16c
1.000
12c
Feb
10c
9,200
9c
2.35 May
July
16
101
::
...
!
161
v.
10
14%
Feb v
97
Feb
Apr
Ltd
Co.
of
Canada
5%
47%
Feb
Aug
65
Jan
1%
Sep
Jun
106
Sep
25
300
2%
31
31
85
41
July
20
Jun
39%
Feb
42%
Jun
100
5%
34
11%
Jan
15
Jun
9%
Jan
18
loo-;,
21
32
4% May
17% Jan
25"
20
20
17%
21
14%
14%
16%
16
39%
'
2% July
Jan
3,378
18
5%
1
23
350
13%
15%
39
6%
Sep
Jan
23
July
Jan
23
July
Jan
24
Jun
1,005
-V 15'?'
20
Aug
24
Jun
11%
Jan
14%
16%
390
13
Jan
18% May
39%
194?
35
Jan
41
'•
^
Jun
May-
for Week
Shares
Low
II
Sales
Range
Range since January 1
High
Low
121%
55
105% 105%
100
95
.
100%
High
Jan
129%
Jun
Jan
107
Aug
87c
87c
.—1
64c
64c
70c
6,700
60c
Jun
96c
May
1
Porcupine
22c
21 %c 22c
2.RR0
,3«c
May
27c
Jun
—1
23C
22c
24c
7,100
10c
Jan
31c
—1
63c
63c
68c
24,200
27c
Mar
75c
Aug
—1
32 %c
32c
•
37c
12,100
28c
Aug
50c
May
9C \
10c
7,000
6V*c Feb
2lc
Mar
Arjon
—III
Gold
Mines
Armistice Gold
~
I
Arntfield
Mining
Ashley Gold
Astoria Quebec Mines
Atlas
Yellowknife
Jan
Aubelle Mines Ltd
18%
Jan
Aumaque Gold Mines.
Aug
Aunor
"
Mines..IIII—"
Mines
88c
8.75
Gold
Mines
Geld
Week's
of Prices
119
pfd -100
•
Mar
101
104
22
1
Oil
19c
'
13
22%
21%
Sale Price
common
20c
";
Mar
27%
Jan
22
Anglo Huronian
Aquarius
Jun
10
Jun
10%
7
Canadian
Area
17
4,500
Anglo
Sep
635
170
Aluminum
Jun
Jan
.
20%
Par
High
Jun
July
MARKETS
SEPTEMBER
Aluminium
Range Since January 1
60
July
Sep
6V2
35
22%
.
21%
21
Last
30
s10c
21
Friday
140.
99%
9c
15
104
13%
18
—
1
common
5.
Jan
Mar
8
125
320
■,
40%
29
STOCKS—
Low
168
31
25
10 :
21%
104
2%
8.33
common
27%
60
20
common
8%
26%
21%
11
Jan
4
30
50
230?
High
■
*
common
Fuller
v.;.,
—•
5
common
Aluminum
Baer
27%
4
common
Candy
8%
—
^
7%
35
6%
32%
*
common
Machine
Low
11
6%
32%
10
100
10%
6%
..100
common
84
May
10%
■'
Range Since January 1
.
High
32%
"V
.<-v..
*
.
Low
*
com
V*
Sales
for Week
*
Laclede-Christy Clay Prod com
Gas Light
common
Landis
320
?:
593
Exchange
of Prices
10
Laclede
Laclede
Shares
17%
7600
Bell Teletype SL
Range
1
Sales
17%
16c
9%c
Knapp
Jun
64%
168
1.95
1
•
„
common!
34%
35%'
Week's
1
common
Jun
? for Week
99
10c
International Shoe
16%
High
62
.
17%
?
...
.Preferred
For
4%
64%
..100
IlOO
Pacific
Alder mac
•
—
Preferred
17
-
Phone
100
Exchange
..?? ? Low
Brick
30%
1,409
Week's
?>'.'■
Pressed
Funds
Sale Price
common.
34%
32%
CEntral
3
Preferred
10
17%.
Range
common
Equipt common
Mfg common
Electric Co
24% Aug
10% Jan
268
21
--13%
Inv
Bldg
70
123% 125%
16%
Par ?
Sugar
Jan
Sale Price
STOCKS—
Hydraulic
345
22%
182% 184%
29%
STOCKS—
Acadia-Atlantic
Jan
1%
Last
Dr Pepper common
Hussmann-Ligonier common
Huttig (S & D) preferred
Hyde Park Brewing common
93%
22%
13
*
Paper common.
9%
Sep
Associate
45% May*,
Range Since January 1
High
21%
21%
Last
&
75
-
Friday
25% July
Sales
Friday
Power
Mar
Exchange
37% May
Shares
Canadian
preferred
4
Jun
333
-.
5
prefererd
17
St. Louis Stock
'Sep
for Week
Toronto Stock
7%
8c
iChioago Board Of Trade
Curb Exchange
v
13%
RANGE FOR
ce%
Jan
1,600
1
59%
CANADIAN
Abitlbi
Feb
5c
100
7c
32 % Jan
58%
305
36 %
23%
a46%
York
j
85
Range
...
Light
16%
Louis Stock Exchange
Chicago Stook Exch.
234
„
Week's
*
Power &
1%
Sep
40 % Aug
of Prices
.—-5C
common
Jan
16
Members
•
Mar
15
18
36%
23%
Jan
110
a46% a48%
—
...100
:
Co
Feb
90c
320
Established 1871
300
Jun /
175
.
a65% a67%
a71V4 a727/a,..
18
—
«
'Chrysler Corp
9%
55
39% Mar
a27% a27%
—
a72%
Par
_
Jan
142% Aug
Edward D. Jones & Co.
St.
125
125
a42% a42%
—
49%
300
i;
34%
180
;.
31 % Mar
155
a957/a a997/a
a99%
.
55
Last
$5 'preferred
4
Jan
2,000
34%
■
■
July
Jan
■f
Apr
Friday
Budd Wheel Co
,
Jun
24
Jan
118%
6%
1%
4
*
Air Brake.
Jun
57%
Sale Price
Mtg Co common
2%
-•
26
16
17
1
:——
Apr
39
235
,
27%
a43%
STOCKS—
(EG)
325
Jan
'
July
4% July
St. Louis Listed and Unlisted Securities
Jan
„
Philadelphia Slock Exchange
Budd
12%
Jan
Sep
Century
81 Tel
Feb
1%
21
.
78
5c
Feb
24% Sep
15
9%
8%
•
6%
Jan
Jan
-
200
v
3% Aug
10% Jun
18%
531
3
-
8%
-
Apr
10%
v -
-1,029
142%-:142% *
•
8%
Jan
5%
236
10%
16% Sep
8'A July
1% Mar
285
"4
High
34% Mar
--7% May
T
-300
-
Jan
Jan
4%
.
26
-
22%- 22% '
.
——-—
Alloys
American
Tel
460
24%
-
13
100
r
5%
10%
36%
Burkart
Company common
Low
28%
-
227
13%- 14
■v;3%
.-
8 %
*
24%
Rsnge Since January 1
.154
3% '
8%
_L
common-
..
Shares
High
5%
34%
Bank
American
v
3%
-
•
.•
Springs.
Sales
for Week
Range i
5%.
Par
Autocar
Week's
7%- :v 8
•'*';
•
16%
a61% a62%
%
„
59%
13%
27%
10
Baldwin Locomotive Works vtc.
••-; •/.
...
20% Mar-.
35%
a62%
*
American Stores
Jun
108% May
.—12 %
1
(F W)
(
of Prices
3%
—10
vtc
Westinghouse
130
a38
a37
5
A
18%
19% July
21% July
16%
Westinghouse Electric Corp com— 12%
220
a38
5
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc
Jan
Jun
Jun
476
al30%al31%
al5% al6%
al31%
al5%
10
—-—*
Inc
13%
Glass—
States
Sep
26%. Sep
Corp—
Pictures
Jun
47
.Sep
29
Jan
10
Corp—i.
Bros
Western
Jan
Mar
19%
Company—
Aircraft
Jun
3%
40% May
26
1,194
Railroad Company—100
Air Lines Inc—!
Steel
34
33%
185
Jan
25
Rubber
S
28% Mar
220
10%
25
Sulphur COw^.
Pacific
United
Feb
295
r
1
Common
7% Aug-
1,093
Union Carbide 8s Carbori Corp——.—*
United
20%
16%> 16%
25"% 26 %
1
Tide Water Assoc Oil
(Union
Jan
16%
25%
—25
Co
Gulf
Aug
5%
Jan
(N J)
Tewas
1% July
3%
sv
21
16
;
*
it
Mfg
Toy Mining
Sep
48'A Mar
Oil Co
Texas
Jan
38%' Jan
33% *
1
Co
Renner
July
300
Jan
-.
10
Ruud
48%
v..
8
Pittsburgh
12% Sep
16 %
20
33%
•
—25
Pittsburgh
Plate Glass
—..
*
Pittsburgh Screw & Bolt Corp
17%
Standard
-
Jan
1,409
~
16%
10
Sep
28% May
180
19%
Low
to
.
Apr ?
10 *
25% July
1,315
18%
'
II10
May
150
25
Co
.
Radiator
350
(Ind)
&
Apr
1%
•
214
33%
L—1
Fuel Supply..
Flreproofing Corp
19%
Co
Swift
45
May
27% May
56% Aug
64 %
May
-
Jan
%
1%
-
,312
45%
20
19 %
20
—
National
35% Mar
45%
Par
1
Gas
National
59'A
Oil
Corp
57%
2%*
com
Refrac
Walker
Star
Jun
19%
Standard
Studebaker
Feb
2%
——
—
Jun
59%
—
—•
15
Co
Socony-Vacuum Oil Co
Jan
85
63 %
Jun
32% Sep
39% May
29% Mar
Jan
15%
42%
2%
45%
••■•'-.
—
11%
19%
*
•
—
Corp
Commercial
Steel
35%
•
——
Co
36%
98
354
_
___
31
30
34
122
T9% Jan
;
35
55 Va
61%
Jan
50
300
—
Jan
100
38 % 38 %
a26% a28%
240
'
Jan
26% Sep
28% Apr
27% May
2%
*
Jan
26 %
34
34
38%
a28%
..
Co
Brewing
Harbison
52%
*
Inc
Pullman
Pure
.
r
■■
32 % Mar
42%
22%
Jun
40% May
41J
Jan
100
23% '
22%
8%
v
Jan
117
478
•
1
Gas & Electric common-
Pitt
Jan
50
17%
7%
32%
38%
1
Steel.
Allegheny -Ludlum
Blaw-Knox
68%
7%
31%
—
21
24"%
1,048
_
31
38%
Sale Price
30
1,960
.
r
Jan
9%
V
•"
22% Sep
190?
17%
28 V8
Last
■■
25
*
17%
—7%
Company—:
Motor
Packard
27%
,?
Friday
Vanadium
Oil
tOhio
3,100
63 %
STOCKS—
18%
10
12%
26%
37% Mar
Pittsburgh Stock Exchange
Jun
all % all %
a26% a26%
—
a26%
10
75
."Vv
May
68%
\
26%
—
*
North
.
.V
•
5%
250
a32% a32%
25%
Jan
:
50%
1,485
?
425
—
Jun
7%
40% Mar
150
12%
,
—
*
Inc
/Montgomery Ward & Co,
New
York Central RR
—
18
Robbins Inc
195
a25% a25%
39
39
9% 10
a27% a27%
—
39%
42%
Jun
25
Jan
375
•
38%
22%
13%10
34% Mar
Apr
Jan
34%
34%
-—39
7 f
10
*
a27%
Copper Corp
Kennecott
11 Mi
a52%
all%
34%
•
Tel Corp.,
&
—
*
Canada
Int'i Nickel Co ot
Int'l Tel
Corp.
Co pfd
Ry
Corp
Iron
Interlake
*
1
—L*
*
Motors
Graham-Paige
sGreat
a49%
*
*
Westmoreland Inc
12'A Mar.,
Mar
5%
175
>
Jan
Jun
1%
Jan
33%
100
12% 12%
a47% a49%
45% 45%
H
H%
a51% a52%
all% allva
—
*
—
Corp
Foods
General
*
Light Corp
&
Power
32%
2%
preferred
Columbia
Electric
1,850
.
May
25 y8
Jan
268
"
38%
Jan
,,
Feb
74% Sep
16% Jun
17% Jun
11% Sep
Jan
37%
6%
7%
•
16% July
Feb
45
6%
22 /4
22 /4
16%
4,100
.
5%
7
1,900
2%
common
July
19%
7%
al7%
1%
a21%
ll7/»
a32%
a25%
5.545
v
—25 ?
com
United Gas Improvement
Jun
—
15%
7%
31%
*
Corp
Jun
9
.
11%
Jan
Jun
United
Aug
a23%
25
15%
25.
—
•
*
a67%
(Cities Service Co
l
—10,
:
(Colombia Gas & Electric Corp
*
7%
'Commercial Solvents Corp
*.
(Commonwealth & Southern Corp
•
1% »Cons Vultee Aireraft Corp
1
a21%
Continental Motors Corp
——1. ! 11%
Continental Oil Co (Del)
5 - a33
vCrown Zellerbach Corp —:
5
__
.Curtiss-Wright Corp
1 -V —
Class A
1
'
7
-12%
6%
,.12%
25
Invest
Preferred
Jun
a46%;
Case (J I) Co
(Caterpillar Tractor Co
952
11%
*
common
13%
High
51
I:Jan
13%
117% 118%
1
—
Oil
Sun
Transit
Jun
10
v
'■
Motors
Scott
83% Aug
250
;
Co common.
preferred
2nd
Reo
Apr
35%
Jan
25
Jun
98
32% May
Corp
Reading
10% July
5 '
-
Philco
29%
285
a82% a84%
,
Jun
180% Aug
*
•.
43% Aug
62
12%
*
*
100
25
3
—50
50
preference common
4.4% preferred
Phila Elec Power 8% pfd
16% Aug
50%
Feb
655
a5Z„
—
a84%
Jan
Jan
161
370
a28„% a29%
a29%
12
42%
195
544
al82%al84%
a33% a 34%
9%
9%
^
87% 81%
a33% a33%
8
8%
al84
'^Canadian Pacific Railway Co
■
Salt Manufacturing
Penna
520
1,329
11%
6%
38 %
39%
26 %
28%
?!
y"
Low
49
74%?
'71%
v.."
t
13%
*
-1
50
50
Philadelphia Electric Co common
16%
•.<;
Range Since January 1
High
48%
48%
74% ?
<
50
Corp
Pennsylvania RR
Feb
5c
May
5
Corp
Borg-Warner
Sep
75
;Boeing Airplane Co
i
16%
*54%
16V4
—
13
5
•».
Locomotive Works vtc
Baldwin
2c
Jun
5c
July
•
.VArner Rad & Stan San Corp—
ntweenda
—
8%
Jan
lc
1,000
4%c 5c
2%c 2 fee
(
6%
7,000
•
Coal & Navigation
Lehigh Valley RR
National Power & Light
Pennroad
Low
10
•
Motors
$1
Stocks—
Amer Smelting
5c
>
a7
a7
—
10c
.
Shares
Par
Storage Battery
Lehigh
•'Mining Stocks20
yi-
•
.,v..
22%
*
10
for Week
'
99
25
California
of
preferred series A
Sales
Range
of Prices
Friday
STOCKS—
,
■Universal Consol Oil Co
Week's
.Last
Sale Price
Range since January 1
».
—1
8.75
3,800
241
73c
7.60
Jan
Jan
1.13 Mar
9.55 Mar
Aug
—1
22c
18C
24c
310,125
15c
1
48C
45c
52c
Jun
55c
63c
11,750
104,000
41c
58c
35c
Mar
74c
Jan
1.90
Apr
Jan
4.25
Jan
-11
1.20
1.20
1.25
18,100
—1
4.00
3.85
4.00
2,800
3.60
July
29c
Apr
1.03 May
80c
Aor
THE COMMERCIAL & FINANCIAL
Number 4419
162
Volume
CANADIAN
LISTED
RANGE FOR WEEK
ENDING
CHRONICLE
1201
MARKETS
SEPTEMBER 7
Week's
Sales
Last
Range
for Week
Sale Price
Friday
STOCKS—
of Prices
Shares
Par
Canadian Listed and Unlisted Securities
Dominion
Bank
Dominion Coal preferred
Dominion Dairies preferred
Dominion
Dominion
Dominion
MEMBERS
293 BAY
THE
TORONTO
STOCK
>.V-v:
Tar
;
■ ■
Dominion
Week's
Last
6TOCKS*-
*'
Donalda
Mines
of
Bank
of
Nova
Base
Scotia
_
.
10
Bear
Aug
30
Jan
300
14
14
3
Jan
Apr
4%
1.58
38,645
1.22 Jun
2.35
26,500
3.55 Mar
39
29%
15
30
I
Mines—
11%
Gold—
11%
11%
1.05
91c
91c
40 %
36c
36c
38c
12%
12%
v
1.05
1.05
--
Jun
600
1
1
Ltd
Jan
July :.
10,983
30c
ADr
18c
18 %c
28c
2,000
40c
600
17%
16%
17 %■
25%
25
25%
10
10
10
...
■■
Jan
32c
8%
Brazilian Traction Light & Pwr com
Distillers
British American Oil
Columbia
•
.5
.
__
—•
Dominion
14%
3,625
Jan
18
9
—
6%
Apr
2,607
22%
Feb
35
8%
Feb
11
25
37
37%
285
25
23
235
20%
Apr
41c
60c
—
33c
23% Aug
2,178
62c
96,550
2,800
Mines—_.—"—
1
1.50
4
•
1.48
1.55
6.05
6.00
35c
37c
23%
23%
825
Products.
4
Burns
■
&
A
—
Class "B
Caldwell
2nd
pfd
*
Calgary & Edmonton
-——1
Red
Lake____.
Breal
Canada
11%
class
1.84
26c
*
A
__100
Class B
1.70
110%
50
—
11%
14%
•
*
Calmont Oils
21
130
30
Mining...
Canada
class
78c
1
73
Jan
6.50
Jun
65
Apr
78
Jun
5'Ac
Jan
15c
Apr
Mines.
9c
4%
10
75
30
'
*
common..
Preferred
100
Canada
Malting
Canada
Packers
Class
7.35
3,165
21c
-
19c
Gate
A
18,800
Preferred
Canada
class
Wire
A
Bank
4c
Jan
65c
Jun
35c
31c
35c
10,400
26c
22 %c
22c24%c
10c
Apr
Goodfish
1
6%c
6%c
7c
2,500
17%
Jan
Feb
15'A
Jan
10
July
*
..
Mining
Goodyear
Tire
1.70
110
Aug
112
Jan
63
,78
Aug
common...*
Bousquet
Mines
*
Paper vtc
i:
—*
Cbmmoh
Aug
Gunnar
5%
__
29
J
28
9%
15%
Apr
130
Feb
118
4'Ac Jan
16 %c
Apr
23c
Mar
V; 2,500
5%
Apr
56%
Jun
35
17
17
20
12%
Apr
17'A Aug
170
172
15
158'A
175
Jun
July
5%
40%c
39c
40%c
12
12
1
16c
14c
16 %c
1
7%c
7c
8c
*
6%
6%
7
15%
25
11%
Jan
17%
45
54
39%
Jan
47
Canadian
Breweries
77
110
70
Apr
82
16%
640
14
Jan
17
Jun
Harding
Jun
Hard
preferred
Conv preferred
New
&
Car
Fdry
preferred
Panadi;
—
Celanese
n
Canadian Dredge
Canadian
Harker Gold
Food
18%
18%
7,598
8
Jan
54%
285
44
,Jan
55
Aug
20%
585
1R%
Apr
2n%
24%
24%
350
25%
Feb
Highwood-Sarcee Oil
21
20%
21
590
23% Aug
17% Feb
13%
13
13%
755
10
Malartic
Oils
'
—
30%
*
30
30%
31%
57 %
v,
*
Canadian
58
26%
30
73
A—*
"9%
31%
31%
*
—
*
Preferred
100
Canadian
Wirebound
Cariboo
Castle
Gold
25
Ry__
Boxes
*
Central
Patricia
Gold
Mines
,
...
l
Central Porcupine Mines—
Sep
Hinde
Jun
Chesterville Larder Lake Gold, Mines-,. 1
Chromium
Min
24
Dauch
&
27%
Apr
32%
Jun
Home
45%
Jan
58
Jun
Homer
19 % May
30
Sep
Homestead
35
49 % May
430
620
1.20
9,362
6%
16
Feb
Mar
75
July
Circle
Knitting.
Bar
*
Citralam Malartic Mines
—1
Gold
Gold
Hosco
Mines
a
Jan
Huron & Erie common
1.35
Jan
Jan
29
10
150
Jan
165
May
1,574
11%
Jan
21
Jun
25
17
17%
24
24
25% May
20%
Jan
500
1.80
Jan
2.90
2,800
1.00
Jan
1.50
2.73
2.69
2.80
1,700
1.89
Jan
2.95 Aug
25c
28c
16,200
12 %c
Jan
34c
33c
Gold
Mines
Bay Mining & Smelting
650
5%
5%
34c
29c
1,000
4
Mar
25c
Mar
4% %
International
Mar
International
5,800
1.50
Jun
2.42
1.40
1.40
140
1.15
Apr
5
16 %
16%
16%
31c
30 %c 33c
20
14,400
5.40
13,490
14
14%
315
75c
79c
26c
26c
5.30
Feb
5.15
14%
Jan
17
Jun
75c
Jacknife
Aug
26c
Apr
Jack
—
He
11c
2.94; Jan
,5.50 Aug
.
19%
19
19%
16,428
83c
Aug
12'A
12%
1,000
23c
26c
Aug
joliet
2.25
Apr
Journal
1.65
1.70
3,210
1.45
Jan
2.09
68
15%
725
14
68
70
480
49
43
142
144% 145
1.26
6c
Croinor Pershing Mines
Crow's Nest Pass Coal
.__1
1.50
.100
Dome Mines
Ltd.
600
For footnotes
see
•
89c
1.70
86c
28%
12%
12%
1.51
.
6,500
41%
70
May
:
Jan
Aug
16
Jan
page
149%
87c
May
65o
Apr
10c July
18
Jan
10%
3.05
3,465
25c
51,400
12c
7,300
68c
67c
75c
44c
__
90
90
21%
15%
13%
14%
22%
15%
13%
14%
1.10
28 %
4.30 Mar
43c
i i
Apr
177/eC May
Apr
1.09
Apr
Jan
49c
Aug
30
Jan
35%
Ffeb
85
Mar
90%
Jun
8.500
28%
Jan
Mar
34c
340
4,989
615
25
1.00
July
13% May
27'Ac
15,500
32 %
Feb
20 :
Jan
3'Ac Jan
2,290
40c
31
14%c
20
595
21%
15%
13%
;
—
jl-00
—
101
—
37%
22
—*
1
101
38%
37
21%
...
22
1.60
2.20
1.50
v
16
2.29
18%
Feb
13% Jan
12 V Aug
22%
Sep
16%
.
Jun
:
12%
Apr
14'A
Sep
.•!
.'1
71c
Jan
1.40
ADr
*«.
22%
Feb
137/e July
.
101
30
■
■
■
July
;
Aug
101%
Aug.:;}
1,718
31%
Jan
39'%
Jurirjj
4,712
21%
Jan
24% Mat
90c
Jun
3.55 Aug
5
1.50
*
8c
7c
48c
48c
1
--
-*
—
13c
i
J.
24c
1
Mines-—
—
1.50
97,811
1.50 Sep
22c
4,400
22c
1.50
'
-
'
Sep v.;.
Sep
39c
Feb
3,500
10c
Jan
18c
Jan
4,932
3c
Jan
13c
Apr
49c4,300
28c
Jan
11 %c
5'Ac Jan
24c
12%c 13c
;
200
8c
9c
77c
70c
13%
86c
13'A
60c
July
* ?;
Jun
1.35 May
j{
13
57,300
80
Apt
55o
3,167
Aug
13% Aug •;
18c
(Ottawa)
1.60 Mar
23
58c
Jan
Aug
1.45 Aug
27
25
25
28
13 %
14
Jun
60c
Apr
2.10
2,200
12%c Jan
28%
510
28 %
12%
175
11% Aug
'
7c
Aug
1.75
1.48
190
1
Labrador
Lake Fortune
Lake
July
13
July
&
Exploration
Shore
Mines
Gold
Lang
.
&
;
2.000
3%c
Feb
13c
Laura
42%
Feb
65
Jun
Lebel
25% July
29
Jun
Leitch Gold Mines.
—r
Lapaska Mines
61%
355
26%
1,640
34c
secord
Oro
Candy—
22
4.65
1-20
14 %c
20%
34c
*
1
1
3
2.05
1.54
36c
Jun
Apr
29%
15%
i
(
Jun
Jan
Jun
22%
4.75
1.26
1.335
525
3,010
15,500
50c
5,200
16,700
8,750
Ltd
1
L
4.60
1.20
13c 16 Ac
20% 2-1%
1.00
Mar
Jan
:)j
11
2.25 AUg'
1.57 Aug *-
14c
Jan
40c
22
8.00
i7%
Djc
B 00
18
He
r
,
5;
;
.
Jun
23% July
2.35
Jun
425
17%
Jan
500
125
6.15
Jan
May h
32c
16/4
5c
17
5c
1.48
1.50
5,200
Jun
,
Jun
Api:
24% Mar
9.15 May
$1
Jan
18% July
Jan
22c
Apr
25c
970
17.5nn
;
1.76
9c
9,300
17
5c
5.15
24 %C
15%
9,700
28c
1.49
Jan
1.05 Mar
12c
31c
1
Mines
22
9 00
—'
]3c
*
Sons
Lapa Cadillac
2.00 May
Mar
,
——J
Ltd
Mines,
Lamaque Gold Mines
Mar
31 Vb
Mining
*
1
1
Lake Dufault Mines Ltd
Jun
17c
I
(John)
Jan
25%
1-51
1
1
1.15
69%
59c
11%
2,958
Townsite
1.100
61%
July
18
135
13%
Lake
Labatt
1.92 Mar
60c
Feb
35c
60,000
1
Mines
Kirkland Hudson
43
600
38%
43c
*
Co
Kirkland
Aug
10,300
1.50
37c
'
Mar
70c
>
%C
.
42c
1
Kayrand Mining
Kerr-Addison Gold
7%c Aug
1.00
Pub
Feb
Jun
3%c Jan
1.75
26%
1204.
3.65
40c
10c
40c
32%
Quebec
Kelvinator
70% May
July
1.12 July
90c
1.50
6c
57,500
66c
1.70
28%
225
26%
1,50
41%
_.__j
common.
3.55
34c
,r
T
6
6c
14 %C 14
;
Apr
Jun
1.25
—1
3.55
10c
__50c
Mining
Mines
Mines
Jan
60c
:
15c
■C 65c
Apr
V: 1.94 Aug
Jan
1,105
1
Gold
Jellicoe
Jan
^26%
„
Jan
Jun
Jan
12% May
1.33
60c
...
Mar
Apr
90
12%
*
Petroleum—.
Mines
Jason
15
43c
100
26%
Davis Leather class A
Class B
Delnite Mines
Denison Nickel Mines
Distillers
Seagrams
Jun
1.05 Aug
20c
600
100
Waite
1.95
„_1
Davies Petroleum
8'A
Apr
43'Ac
156,000
*
class A
Uranium
Mountain
Island
1.95
.100
■
>
1.50 Jun
Cosmos Imperial Mills-———
Cournor Mining..:
i
Jun
17% Aug
5'Ac Jan
9,600
50c
Kirkland
—
ADr
9
Apr
54'Ac
80c
•
100
preferred
5% July
60c
1.70
common——..
Crowshore Patricia Gold
Cub Aircraft
6%
20c
45c
Oil
International Metals
May
1.72
1.79
15
—_
Apr
15c
Jun
68c
5,900
71c
Aug
.
-
24c
Feb
13,611
74c
-10
*
Imperial Tobacco of Canada ordinary_5
Imperial Varnish common.
*
Inspiration Min & Devei
1
Apr
1.50
Consolidated Bakeries
Box
Apr
19,100
1.76
45 %
Imperial Bank
.
Corrugated
Apr*
Jun
2.60
1.66
Consolidated Mining & Smelting.
Consumers Gas (Toronto)
Conwest Exploration
'
32% July
Jan
.
16
160
1
Hudson
1.35
5
-L
5c
1
Mines
Howey
2.60
*
Ltd_
11 %c
39c
1.66
39%c
Jun
19
76c
Commoil
11c
36c
1.70
—1
Gas
&
Jun
70c
14%
1
Mines.
11c
*
—
Oil
Jacola Mines
Cochenour Willans
CockshUfct PlOW
54c
Jan
Jan
6'A
250
15,970
37c
Yellowknife
10%
30
23
.
Oil
35
T.50
*
Smelt_L____
&
8%
3c
8
Hollaiger Consolidated Gold Mines
175
159% 159%
17 %
5%
—1
_______
1
Mar
64,700
*
21
International Nickel Co common
Chateau Gal Wines——
Chemical Research
85c
1
14%
27c
1
—1
Quartz.
Trethewey
8
80c
—1
Heva Cadillac
imperial
Pacific
6
j
Jun
Apr
22V4U jan
5,700
*
Mines
Gold
Heath
815
9%
22
.
Sep
415
,
32'A
1.15
__
18%
Apr
73%
9%
*
common
Canadian
30%
;
J, f
F»p
Locomotive
com
8
81c
1
—;
20
Prod
Alcohol
6'A
Apr
4%
132
1
Mines
53'A
*
Industrial
575
-Apr
17,500
1
Mines
Gold
Hasaga Mines
,
18%
common.——
Canadian
8
1
Mines
20%
—
Canadian
Canadian
Gold
54%
20
*
*
25
common
4
910
17%
17
*
Carpet
Rock
*
common^
1st
17
*
_•
Canners
Canadian
Mines
Bridge
Hamilton Cotton
Aug
16
Gold
•
common
Preferred
Canadian
Jan
Mar
July
76
16%
Sep
•
23
8
64
12
Hamilton
Mar
15%
44
__
11c
-
57
July
48%
Jan
90
1,000
8%c
•
Ltd
Mines
jun.
10c
109
1
Gold
Gypsum Lime & Alabastine
Jan;;
Apr
53'A Mar
Halcrow Swayze Mines
Sep
Sep
1.36 May
75
29
—5%
*
Jhri/;
24'Ac
Jan
10
16%cl8c
—
*
com
44c
•
v
Apr
56
8%c
__
t
109
55%!
__
1
Vtc preferred
109
__
5u
Lakes
Great
2.40 Aug
Sep
Rubber
&
Preferred
Grandoro
20'Ac Aug
Co
Jan
-
Mar
87c
July
3c
24
32%
*
!f
i ]
4,600
3,600
Jan
56
___10
Commerce
!
Mar;
9c
75c
3'Ac
•
Harricana
Canadian
May./
14c
8c
73c
9c
280
—
50c
28c
26'AC Jun
8c
75c
83c
56
—
.! |
May
5,476
35
•—
) f
Mar
35c
85,850
56
50
—
Apr
85c
Jan
1.10
34%
Permanent Mortgage
_100
Steamship Lines common
•
Canada
24c
Jan
1.05
56
--
Jan
27c
1.10
35
*
3%c
1
Mining
1
21 %c
7,800
33c
i j
Jan ■)
Jan
10,400
28c
11%
rii
Sep
9c
20,000
48c
•
19% AUg
105%
6.50 Mar
20,100
16c
2
■
Jun
9%
Jun
1
*
class
Mar
101%
1
Arrow
Golden
Apr
15
15
25
1
Golden
30c 4
2,026
Aug
Golden Manitou Mines
Graham
124
Aug
106
Aug
May
Sep
15%
14%
124
103
Jan
24
*
___
B
Canada
14%
124
May
159
31c
Feb
13% July
*
May
46c
'
Apr;
5
25 %c
31c
Feb
9.25
97
187/e
20c
—
4.80 Aug
10'A
Jun
July
v
77C
102
105 %
7.00
25
July
90
18
;
30
6% July
25
9%
105
18%
Jun
100
105% 105%
__
Sep
5'A
Feb
52c
4,085
9%
6.25 May
44%
21
865
13 Vb
10% Aug
3% May
24% Jan
4,600
5.00
Jan
4.30 Jan
8,300
Halliwell
Canada Cement
8
Jan
Feb
5
124
20
65c
2.15
73
73%
1.65 Aug
Jun
14'A
637
Jun
102% 102%
__
__
16c
Jan
110'A 110%
July
3
•
4.80
46c
Eagle
Jan
35
?
13%
1
Gold
Jan
310
4.80
•
Goldcrest
Apt
9
4% July
940
60c
1
Apr
28
.
1,060
.
25
God's
Ltd
1.20
2.23
Jan
July
50
29%
21c
Mines
Apr
16c
23
4%
57c
*
53c
10
5.20
44%
25
1
Lake
Jun
10%
29
100
Goldale Mine
Sep
39'A
5%
57c
7.10
Jan
3,800
V
25
*'•
common
26
Jan
45,000
8%c
100
Wares
Apr
114,250
47/e
*
___
14
78c
29 %
100
3.05 May
6.75 May
35%
96c
•
class A
Jan
Mar
20
24
*
Mfg
2.26
75
<
'
*
!
1
1.70
9,200
39
72
9c
Gillies Lake-Porcupine Gold
Glenora Gold
Feb
30c
38c
4%
—
•
A
Co
Gold
Steel
11%
1.80
Apr
19,000
5.00
72
•
Products
6
26c
21c
\
42%
4%
1
;
preferred
625
1.70
Aug
10 %
5.20
100
preferred
1.84
24c
Apr
47c-
71c"
43
•
Exploration
14%
1.82
2.40
July
July
18%
10
2,000
20
____4
Linen
Campbell
*
Jan
40c
8'Ac Jan
9,900
4'Ac 4'Ac
....
class
Co
22c
6,200
5%
Giant Yellowknife Gold Mines
"
Bunker Hill
of
Preferred
Jun
Sep
5.00
17,300
26
83c
__
Snops
:
General
Jan
95c
3,700
6.10
37c
23'A
Gold Mines
1.35
43c
24
..
\
Candy
common
Kirkland
Co
91c
Feb
Jun
98c
39
__
25
Grain
5%%
37% Aug
Jun
July
60c
2.50 Mar
29,650
26
78c
»
Goldhawk
Buffalo
Building
A__
•
Fanner
5%
27
73'Ac
33c
Jan
110%
1.25
Jun
25%
Apr
22%
11
9%c 10%c
__
1
class
General
28% Aug
24%
40c
1
Buffalo Ankerite Gold Mines
Canadian
Mines
B
Frobisher
July
65
23
•
Broulan Porcupine Mines, Ltd—
8%
Jan
1.15
39
1
Gold
Francoeur
/ Feb
37
4
Oil
•
25
Gold
Foundation
Jun
24%
'_ ~4
Packers——__
Columbia Power class A
Ford
Apr
67c
Jun
Feb
7%
33,850
Investors
18'A July
108%
7,100
Federal
Mar
45c
12c
Jan
Jun
25
2.90
Sep
35c
13
145
4.30
Fleet Aircraft
Mav
15%c Jan
8,807
28c
40c
•_
Jun
2.85
Apr
12%
19%
3.80
Fann.v
1.46 Jun
Mar
10
50
Jan
2.85
Federal
July
55c
4
Brantford Roofing
Gold
18c
28c
.
•
—
90c
85c
Jun
14
4.25
Falconbridge Nickel
July
12% July
; 1.30 Feb
'■*
12
1
Gatineau Power common
1
Mines,
9.50 Mar
Mar
265
40c
10c
7
1
Equitable Life
172 "
Jan
8,700
*
______
♦
18
Mines
Class
May
30
Feb
22%
161
455
95c
i
—
Mines Ltd
Gold Mines
Buffadison
118
—l
—
Hats
Brewers &
15
172
_.__i
Gold
Bralorne
30
170
__
Oil
Feb
Mines
Eldona
Feb
1.90
Feb
1.18
Jun
14%
10
1.15
41c
July
8% July
110
9%
1.25
J
Preferred
39
172
Crest
Sullivan
Elder
Sep
1.63
L_ioo
Mining Co
English Electric
Jan
18
1.43
v
1
Apr
7% July
955
17%
17
10
32
29
25
455
17
110
—
*
Mines
Economic
24'Ac Mar
12 %c May
2,500
3%
30%
27% May
1.57
Bonville Gold Mines.
British
18
190
Apr
1.50
Bonetal
British
16c
16%
26% Mar
1.57
*•
Kirkland
British
29
3%
*
.
;i
Berens River Mines
Bobjo
200
17%
100
23% July
16'A Jun
100
9%
16%
May
22'Ac Apr
20
4
Quebec
common..*
common
Eastern Steel
60c
Jan
10%cJun
3,500
1
B
Belleterre
Chemical
9%
17
10
17
High
Feb
11% May
28% Aug
770
East
High
Low
9%
Amphi Gold Mines
East
1
Bell Telephone of Canada
Biltmore
29
16c
*
Beatty Bros class A__.
Eldgood
60
%C
x
13c
15,000
14
19
29
——
Exploration & Radium
Bevcourt
29
class A
Beattie Goia Mines Ltd
Class
45c
28%
+
—
25
38
1,195
8%
East Malartic
Range Since January 1
V
14c
■
...
High
16%
——_
Power
B
Class
—
■;.■/•■-/ '/:'■■; ;-Vv
Shares
19
■
19
10
Metals
Bathurst
for Week
40c
"•
10
Toronto
of
Bank
40c
1
Montreal
East
Range
Low
1
—
Bankfield Consolidated Mines-
Sales
of Prices
Sale Price
Par
Bagamac
&
28
17
__•
Woollens
Duquesne
Friday
Bank
B
class
28%
8
*
Preferred
Cable Address;*—"Dohroadco" Toronto
Branches:—K1RKLAND LAKE—TIMMINS
-
Stores
Dominion
STREET, TORONTO 1, CANADA
Telephone:—Waverley 7411
V-
EXCHANGE
Steel
Dominion
DOHERTY ROADHOUSE & CO.
8%
50
28'/a
26%
*
305
13
26%
__
*
Malting
Low
22
13
-35
com
Magnesium
Range Since January 1
High
21%
__
25
Foundries & Steel
Dominion
Low
v
10
'
Jun
35c
Aug"\; J
Apr.;,'?. *
15% July
?r
-
1.15
.ifln
Jan
17
IOC
11
't
Apr?
\
I
j{
1.52 Aug s i
j
1202
'Lj
.•
yr:.W""-._.
v../.
„•
'
•
v
Range
of Prices
Gold
Low
High
Low
.
33c
17,200
29c
Lingman Lake Gold Mines
Aug
48c
80c
70c
80c
134,050
44c
Little Long Lac Gold Mines Ltd...—*
July
80c
Sep
IM
2.10
Jun
1.60
1.98
1,900
1.23
Jan
Jun
Silverwoods
Groceterias class A*—.—.—*
Class "B"
Lynx
yellnwkplf*
29
28
26%
j,
26%
1.58
1.58
II—l
Goldfields
•
Gqld
,
Shares
315
27
40c
520
4.30
2,375
27
2.09 Mar
40c
39,000
4.25
Mar
Jan
Sep
80c
Feb
10%
new
Gold
Siscoe
19%
14%
15 %
99%
1U0
■
99%
May
465
15%
10%
13% Aug
11
Aug
19% Aug
Feb
715
99%
'
75c
Mines
Jan
110
15 V2
Aug
101
■
99
Apr
10,300
58c
Jan
90c
9,300
76c
48c
Sep
64c
Feb
3c
Jan
10c
Aug
52c
48C
Mines
Malartic
Apr
9
110
9c
9%c
Petroleum
End
9%c
26,000
'
Mines.
Ltd
1
h I
4.30
"
MaeLeod-Cocxsfcutt Gold Mines
Madsen
Red
Malartic
Lake
Gold
Gold
—_i
Mines—
Fields
1
Manitoba & Eastern Mines.—._
3.25
2.98
7,260
3.65
3.65
3.80
3,325
4%c
5 %C
~
Sturgeon
3.85
Jan
2.25
3,700
2.90
5%C
•
4.50 May
Co
Jan
3.50 Aug
Springer
2.17
Jan
3.05
Standard
Jan
4.15 May
2C
3.10
2.95
'
Jan
8,500
9c
Aug
—
Standard Paving
Apr
Preferred
——
Marcus Gold
.mi*
14%
20
20
20
13c
I
Gold—————
•
III20
Preferred
(L)
Co
13%
:
,
i
?
45,300
12"%
13%
635
Apr
15
43
Canada
common
230
10%
10%
10%
915
Ills
8%
64%
64%
64%
40
59%
1
1.59
1.58
1.60
6,400
29 '
—
McMarmac
Red
McWatters
Gold
I-
1
Lake
Gold
Jun
July
1
5c
5c
31c,
Mines———————
-
—
Mid-Continental
Oil
&
32c
25c
6%C
18
Aug
20
.*
25C
Jan
12
6.25
Jan'
67% Mar
Tamblyn
(G)
100
8c
16C
Jan
16
161/2 C
39c
22%c Jan
3,000
Aug
May
Moore
Corp
6.20
30
n
12 3A
25
,
23
•
common—
Preferred
——.
National Petroleum
National Sewer class A
14c
72,200
6.25
756
33c
Aug
1.99 Jan
common——
Apr
Traders
National Trust
30
Aug
30
91
85
May
91
72c
,15
4,900
24
62
62 %
25c
25c
25c
New
14 %
63c
Aug
Sep
Union Gas Co
15c
21
l
Union
1.10 Feb
Jan
:
Noranda Mines
Class
Normetal
Mining
Northland
Northern
65%
Mar
70
12
Feb
15
Aug
28
30•
Jan
United
Okalta
Gold
21%
Feb
19c
Feb
29
Corp Ltd
185
1.26
3,750
75c
Oils
95c
626
50
Pamour,Porcupine
50
64c
1.05
1.15
7,000
1.05
2.00
150
2.00
6%
6%
10
41c
8
35c
40,200
6
8
10
8
I
50
7c
10c
54c
11,100
28
8C
Paymaster Cons Mines Ltd—
78c
78c
Securities—...
5%
1.50
..1,
.
-i
1.45
20
*;;•
Co..———
Gold,.
.....
—i
.....
1.75
Apr
Feb
2.70
2.80
4,184
58c
27 %C
6% f; 7%
45
46
1.01
45c
18% Mar
98c
"•
7
1.15
22
Jan
2.45
Apr
May
Jun
2.00 May
12%
Apr
Jan
Jun
1.98
Mar
3.45
Jan
Apr
16
13% Aug
May
600
36c
Mar
60c
Apr
8,400
15c
Feb
40c
Jan
106
6% May
1,176
...1
1
...........
Regcourt Gold Mines
Reno Gold
(PL)
-.1
common
1
_1
41
8%
Mar
46
Jun
Jun
Corp
pfd
2,911
18c
1.39
Jan
10% May
40c
500
20c
Feb
60c
Jun
39c
500
35c
Aug
70c
Jun
7C
■
9c
Jan
10c
May
Sep
Apr
38
45
15c
15c
15c
2,900
-
100
1,000
4%c
34
Mar
45
ll%c Jan
28c
50c
18
18
18%
265
15
Jan
19%
150
19
May
22% Mar
36
36
33c
30c
35c
—
3%
—
3%
1
25%
26
65%
III1
25%
65%
45
5,000
86%o Jan
65c
Apr
28%
Feb
36
Sep
30c
Aug
41c
Aug
50
500
2%
Jan
4
Apr
80
Sep
22% May
1.41
18,000
Jan
1.77 Mar
•
18% May
29%
common—.
85c
1.20
150
79c
1,700
1.63
Aug
Feb
Jan
154
Sep
15% May
19
July
950
18
Jan
22'/a
107
154
99
Feb
101%
Feb
Jan
41c
Apr
128
180
18%
18%
18%
50
22%
21%
22%
-
101%
:
Preferred
101
101%
—
Sep
17%C
11-%
16c
22%C 158,400
8c
4.35
10%
11%
6
Apr
14
Jun
88
—
88%
50
68%
Jan
95
July
4.35
340
3.30
Jan
42c
4,600
35c
1,500
3%c .Tan
4.35
1,040
5.00
Jun
Yellorex
Mines
-1
Ymir Yankee Girl
41c
•.
*
Knitting
common
16c
40c
16c
17c
13%
14
34%
34%
60
65c
Jun
May
25c
Feb
14
Feb
9%
Jun
Bonds—
Uchi 6s
$2,100
35% May
32% Apr
Toronto Stock
Exchange-Curb Section
STOCKS—
Asbestos Corp
class
Preferred
Co
Canada
26% Sep
Jan
10
11
no
Jan
11
49
59
960
34
May
59
100
155
152
155
60
130
Apr
160
—
1
56
4
100
—
56
85
3%
68
15 y4
__
4
66%
68
;*
15%
,
50% Aug
8%
2,494
45%
15
Lumber
100
19%
26
275
24
14%
15
90
11
Jan
4
550
2
Jan
:
(
—
—*
4
1.95
1.90
ioy8
9%
•
.♦
—
4
2
•
—^
__
,
33c
35
„
—
1.95
1.000
1.65
Apr
8
4% May
2,050
28c
Jan
29
Feb
25 /10
Apr
.
Jan
33c
33c
6,911
34%
35
11%
11%
1.35
1.37
500
1.28
Jan
18%
18%
200
15%
Feb
110
21
195
Sep
26% July
15% July
Aug
10%
Aug
July /
4.15 July
Jun
15% July
22% Mar
May
•
Paper—
Foothills Oil & Gas
20 %
24%
1
Consolidated Paper
Dalhousie Oil
Bridge
20%
25%
•
—
Marconi
Western
20%
Aug
75
Jan
9% Mar
•
Sugar
61
2.25 July
145
—5
Dominion
Vinegars
Dominion
22%
11
Mills
&
Canadian
120
56
Bulolo Gold
Canadian
High
Low
26%
'
59
common
Silk
Canada
25
Pulp & Paper com—*
A—;
—
Preferred
Bruck
26%
Range Since January 1
High
*
Beath Ltd
British Columbia
Brown
Low
*
Atlas Steel
Funds
"
2.25 May
10% Jun
40c
Jan
37% Jun
Hayes Steel
12
1.58
Feb
—
Humberstone Shoe
100
International Paper common
Preferred
&
15
100
—
Langley's Ltd pfd
Minnesota
*
Ontario
—
Paper:
Osisko Lake
_100
—5
1
18%
Feb
22
20
22
22
32
32
100
22
Jan
33%
32%
33%
500
32%
Sep
7.
26
Jan
-
38
38
13%
13
13%
70c
63c
80c
—
10
2,560
May
11% July
24c
Feb
1.30 Jan
46,700
Aug
32
22
—,
Aug
Sep
33% Sep
38
61
65%
Pend
Oreille
f Aug
14% July
1.20 May
Reliance
1
Grains
prefererd—
Stop & Shop
Supertest Petroleum ordinary.
Temiskaming Mining
1
r
65%
25
5.15
10,504
4.05
Jan
5.15
12c
11,300
5%c
Jan
18c
*
2.25
46
1
14
July
Aug
u%c
1.90
2.10
98
98
1.85
46
10c
*
50
2.25
46
870
200
r
100
12c
3,500
95%
55c
Jan
Feb
41"
Feb
7%c
Jan
2.40 Jun
100
July
2.25 Sep
46
Sep
19c
Apr
Sep
Sep
85c
18
65c
13%
110
1.01
119,000
19
1.40
70c
680
400
8,633 v
12% May
31c
16%
1.06
63c
Jan
Feb
Jan
July
,
1.45
20
Montreal Stock Exchange
Apr
Canadian
Jun
1.50 Aug
Mar
Friday
82c
Last
STOCKS—
29%
30
50
Sep
30
29
13%
1,90
98
Mar
1.39
67C
100
Jun
4.90
13%
86c
18%
lioc
1204.
1.38
82c
Products
•
III1
page
1.38
Jun
11c
5.10
—
...
Mines..
Apr
Mar.
21
18% Jun
19
36
13,700
•
.
5.10
69
70
Feb
39c
common.
see
July
..1
Voting trust ctfs
Sigma Mines
footnotes
80c
47c
common..
Gold
1,435
1.15 Mar
40c
39c
—
9.20
Jan
19%
San Antonio" Gold Mines
Ltd..
Sand River Gold
Mining
common
■i-;!*' v.'.'
90c
45c
47c
"50
Senator Rouyn, Ltd
Shawlnigan
Sheep Creek Gold
9.00
200
.10
common
Paper
90 c
94c
.10
Royal Bank
Royalite Oil
Russell Industries common
Ryanor Mining—...
Lawrence
90c
45
Long Lac
Breweries
„1
..1
Rouyn Merger Gold Mines
Bberrifct-Gordon
94c
9.00
Reeves-Macdonald
new
94c
3.40 Aug
782
Wiltsey-Coghlan Mines
Winnipeg Electric common.
Donnacona
Quemcnt Mining
For
Jan
22
6%
yueenston Gold Mines
Sick's
Sep
21%
46
Quebec Gold
Scythes Ltd
6%
22
100
Apr
1.05 May
Sales
Mar
845
-
Shares
25c
2,600
32c
Sep
for Week
8,200
1.70
2,580
Range
31c
10%
3.70
Week's
30c
840
16% Mar
Jan
22 %
of Prices
18
3,600
Jan
12c
80
Sale Price
31c
14%
3.60
July
1.06
15
.
22
88c
Jan
Jun
27c
Jun
79
Last
70c
27c
6%
2,59 Jan
12
1,700
Friday
7,000
58c
ZZi
Apr
Mar
July
63c
22,600
Canadian
73c
2.75
6
14c
1.85 Mar
791
14c
70c
May
5 Va May
2,200
14%
12%
12c
16c
70c
—
3%
46% Mar
,
22%
Par
1.65
—1
5,850
Apr
Sep
10
1.97
64c
Jun
10%
100
Jun
7.10 July
•
100
Jun
37C
525
•
July
4
Sep
8c-July
3,000
5%
2.12
4.45
1.30
4
12c
44c
20
1.26
Jun
40
Feb
4.35 Jan
1.30
22
80
com—
common
Jun
2.40 Jan
—1
July
16 % May
Apr
29
1,500
.........
Lawrence
18c
67 %c
Sep
3,550
—1
70
Jun
30
Jun
4.30
1
44
9% Jun
,61c
Jan
27%
8% July
Jan
6.25
70c
125
24 %c Aug
5c
Feb
36,426
20
20
.
10
Jan
8c
37,700
6%
1.50
Mar
4.20
Mining Co
Metals
East Dome Mines.-..
Prospectors Airways
Purdy. Mica Mines—.
Purity Flour Mills common
Preferred
St
83c
.
1.20
July
7c
3,900
.
9% Mar
11
6.10
—1
A
Jan
4.25
—1
Class
8%c
45c
29%
3,15 Feb
ADr
6.25
.........
St
Jan
68c
Apr
III
Porcupine Reef Gold Mines___.
....
Mar
_I
Mines
Pioneer Gold Mines of B C
Roche
Jan
44c
Aug
26% Aug
1.19 Jan
290
8c
Corporation
39c
5
•
15,400
Mines
7% May
36c May
Sep
Apr
May
Sep
3,90 Apr
58c
Jan
6
11,800
48c
27%
—
28
Porcupine Peninsular
Feb
Apr
60c
27,700
27c
Gold
Apr
7%
9
80
68c
8
7c
„
Photo Engravers
2.60
38c
(
Mines
Sep
34c
135
10
—
Gold
1.63 Mar
22c
'
6,625
:61c
64 %c
18
1.40 Jun
63c
3.70
Worts
York
10
Apr
48c
Apr
Sep
2.26 Mar
1,600
30c
44c
17
-
108
1.91
1
4%% preferred
Apr
26c
Jan
5
23,940
40c
Mines Ltd-.,
Malartic
89c
Feb
12%c Jan
89,295
Robertson
Ltd
Malartic
Ltd
27c
Gold
West
Steel
27c
Preston
...
Western Grocers
40c
Jan
Jun
1.65 May
Western
Paramaque Mines
Pressed
59%
Apr
1.75
Premier
Feb
Apr'
1,500
40c
100
1,475
-11,400
9%
4
13C
Wright Hargreaves Mines
1
133
Jan
13,800
May
36% May
Mar
49
1.52
12c
—
.
20c
41c
Power
Mines,
20c
3.50
28% Feb
24 %c
18
July
Jan
25 %
210
104%
12
Preferred
Jan
1.70
Rouyn
Waite-Amulet
Jan
3.15
Mar
111
4
-5%
-
„1
7c
35c
Powell
4
-1
6%c
37c
River
-
1,025
12,300
;
p
5.65 May
88c
125
43%
1.93
Oils
5,600
15c
3.30
10
125
■
19%
-
——
Mines
10c
70c
3ic
33%
41c
44
—
Walker-Gooderham &
3.00 Mar
July
2.00
I
20
Jap
■
12 %c
68c
6%
45
133
9
.
10c
1.70
Powell
—_
12c
Pandora Cadillac
eickle-Crow
Jan
80c
4,900
14c
*
...
Credit
Vicour
May
55%
10,300
29%
Steel
Vermilata
Apr
64c
92c
Apr
3.50 Jan
51c
Apr
Feb
Jun
Hi
•%T:
Goici
1.85
Sep
2.35
1,300
......
Perron
Jan
29c
1.15
Pacific Oil &
Refining
Page Hersey (new)
May
( '
1.45
41c
10%
6.073
21
'
18
19%
"A"
Ventures, Ltd.
Jun
35c
55
145
5.05
62c
133
1.45
—25
United Oils
Aug
16,500
2.90
14 %c
Omega Gold Mines—...—.....
Orange Crush common
Preferred
Orenada Gold Mines..
Ottawa Car
Peoples
Jan
18,100
Oils
Partanen
22
225
17% Mar
12
70c
Mines
Mines
15c
Aug
615
1.70
60c
18
,
United Fuel class
Aug
22%
38c
12C
O'Leary Malartic Mines
Pacalta
10 %c
125
225
20
4.90
104:
Upper Canada Mines Ltd.
July
1,000
40c
2.75
—
-1
Mines
Canada
3.45 July
4%c Jan
Jun
30c
37C
—
-1
Northern Empire Mines
North Star Oil com
O'Brien
1.60
55%
Zi
.........
Jan
29%c 33%c
•
B
Westerns
Norgold Mines Ltd
4.05
2.50
*
Jan
35c
—
_»
■
Jan
1,725
33%
Wasa Lake Gold Mines—
'
Feb
3.20
—
Jan
37c
$
Norbenite Malartic Mines..
Nordon Oil
20c
Aug
3.35 Jun
37c
Jun
3.15
133
I$1
class A
Corp
575
15C
21
1.65
71
,
11,500
Jan
1.50
—100
Mining
20c
37c
Nib Yellowknife
-V
2.40
1,000
9%
57
651
27
225
Bidlamaque
Nipissing Mines
20,950
9,550
19%
—.
24% Apr
3,500
29
27
—..—loo
......
2.80
36c
62c
—,
20% Mar
4,835
14%
28%
28%
>
Negus Mines
80
72"
3.10
——-
—
Class A rights
6.90 May
30
22
-
...*••
—i
78
67
5.00
100
Exploration
Finance A preferred
Towagmac
30
62'A
.1
.20
25c
National Steel Car
Apr
Mar
110
7%c "% 7%c
•
Trust—
General
Aug
71c
_•
common
—
46
3.15
1
Class B
National Grocers
Sep
Aug
Aug
Jan
153
21
Toronto Elevators
16
Jan
30
710
•
Long Lac...
July
8%
May
May
77%
-
United
Mosher
16 %
7
34
2.90
Tip. Top Tailors:.
Apr
42c
4%C Jan
41,800
91
Montreal Light Heat As Power
Aug
62
80
35c
7%c
-*
common—-—i
Teck-Hughes Gold Mines
1.85 May
Transcontinental Resources
common——
'
Jun
1.84 Feb
12
Feb
'
28C
14c
16c
Mining.Corp
Monarch Knitting
New: preferred
Moneta Porcupine
14?
'
Apr
3.00
1
Sylvanite Gold Mines
July
1.35 Mar
8,500
36c
16
—•
Gas„
125
16
Jan
7
170
8%
45
2.60
2.65
—-——
Toronto
Mercury Mills
15%
Jun
1.25
76%
—
Thompson-Lund Mark Gold Mines™*
McLellan Gold Mines
535
79
——
25
15
5,130
7
*
Steep Rock Iron Mines---*——i---**- *:
Sturgeon River Gold—
—1
Sudbury Contact
i.
1
Sullivan Cons Mines
—-—I
Sep
13%
Mar
18%
Mines
15
*
of
Co
Preferred
1.45
.11%
11%
44
*
—
—.—1
445
Aug
36c
8% Mar
22
Steel
1.39
Jun
Aug
1,010
27%
Jun
15 %c
Aug
77c
31c
41,000
Feb
•
-
*
Lake
preferred
„
Brothers
Stedman
22
Apr
7c
15,505
1.39
36c
26%
—
17%
5
16%
Jan
18%
Oil
Mclntyre Porcupine Mines.
Red
31c
12
140
13c
1.25
32c
*
prefererd.
McColl Frontenac
9c
1.30
1
common
Massey-narris
McKenzie
13
i
Marlon Rouyn
McBrine
14%
ZZZmJi
—
Maralgo Mlines
1.40
1.45
11%
'
■
common-
16
——
Chemical
Standard Radio
Maple Leaf Milling Co
15%
£ '
Southam
3.25
3.15
•
■
July
May
Jun
South
Macassa
1
High
9
-
new
Bladen
19
496
11
19%
'
January
Low
12%
12%
12%
•
Range Since
High
14%
Preferred
25
89c
10,400
.1
common—
new
preferred —
A new
New
29
192
1.70
46Cv
,
29
•
Low
Simpsons Ltd
B
Lobiaw
for Week
of Prices
Par
High
29c
Louvicourt
Sales
Range
Sale Price
STOCKS—
Range Since January 1
30c
^
,
„„
Week's
Last
Shares
Par
Lexinden
7
for Week
\*
-
ENDING SEPTEMBER
Sales
Sale Price
••
Week's
Last
i'/h-.'istocks—
WEEK
Friday
Friday
10,1945
LISTED MARKETS
CANADIAN
RANGE FOR
Monday, September
CHRONICLE
THE COMMERCIAL & FINANCIAL
29
175
29
Sep
13
13%
350
12
July
29
Sep
16% May
29%
Sep
Sale Price
Par
Acme Glove Works Ltd
Alogma Steel
common
common
Funds
Week's
Sales
Range
for Week
of Prices
Shares
Low
High
*
11
11
11
»
16
15%
16
>
Range Since January
Low
75
9%
Jan
125
14%
Jan
1
High
14% Mar
19
Jan
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
LISTED
RANGE FOR WEEK
Friday
Week'e
Last
STOCKS—
Ltd
Aluminium
24%
22 %
22%
3
Foundries pfdPower Corp.
Canada Steamship common—
5% preferred
Canadian Breweries common
Preferred
15
124
common
—_
18%
5,550
*
16%
Cottons
15
B
172
July
850
15%
Apr
17% Mar
22%
Feb
27%
Jun
21
Jan
26 Va
July
250
20
170
Power
6%
&
Paper common
cumulative
_
——
_.
4% July
16% Aug
Beatty Bros Ltd class A
24
Brewers
20%
800
17
Jan
24
9% Jan
119% Feb
15
Sep
126
July
Jan
12
Apr
Jan
10% July
17% Jun
1,292
105
12
15
500
7%
15%
53
7%
570
54%
11%
381
45
18%
54%
10
50
40
Jan
Jan
May
*
Bathurst Power
&
Dist
&
British
American
Oil Co
British
Columbia
Packers
British Col Pulp &
_
Preferred
46%
Feb
18%
44%
Jan
54%
Sep.
Sep
Canada
600
13%
*
58
13%
1,195
10
30%
31
31
260
28
58%
110
58
13914
139% 171
51
51
27%
27%
40%
43
914
9%
*
41%
&
Dominion
pfd
Jun
7%
B
429
Jun
51
July
Sep
26%
Jan
27%
33,
6%
Jan
47
Apr
10%
Jun
preferred
Dominion Steel
&
Dominion
Stores
Coal
class B
*
pfd
——
5
6%
Apr
Sep
Canadian
Western
Mar
Canadian
Westinghouse
Lumber.
Preferred
Electrolux
Corporation
Foundation Co.
Preferred
Jun
Commercial
64%
Jun
35
744
29
Feb
36%
Jun
Consolidated
12%
100
16 Va
Jun
Consolidated Div
9%
196
11% May
9% Jan
13%
common
27%
Jan
32
Jun
27%
190
25
Feb
29
5
124
Jan
165
9%
17%
Gypsum, Lime & Alabastine
10%
9%
16
25
Howard-Smith
Hudson
Bay Mining—_i
Imperial Oil Ltd
.
Industrial Acceptance Corp com
International Bronze common
Canada
109% Mar
11
72
1,675
16%
Jan
International
Paper
Petroleum
Co
Secord
Laura
Candy
Mitchell
102
C Jan
54
Apr
125
12
1
Molson's
552
1,000
23%
6%
11
1,635
33
Feb
30% Aug
13% Jan
5,091
605
7%
Jan
12 %
101
7%
75
24%
Aug
7% Aug
12% July
87/a
Mar
21
680
15%
13%
7%
Class
Breweries
Montreal
Tramways ;
Jun
Fairchild
Paper Co Ltd
Fanny Farmer Candy Shops Inc
Fleet
Aircraft
Foreign Power Sec Corp Ltd com_„
Fraser Companies voting trust
13% May
24
Feb
International
35
Mar
Investment Foundation Ltd
16%
Jun
Labatt
Insurance
Paints 5%
Feb
Jan
28
Aug
18%. Jan
Power
Lowney
Lambert
33%
16
2,907
21%
221%
2,267
35
35%
150
May
21%
28%
27
11%
50
11
28%
28%
18
18
17
17
17
13%
13
35
13%.
10%
10%
10%
28
29
Ltd
Co
9%
530
20% Mar
24 Va
Apr
22%
25
22
28 Va
Jan
55%
*
28
Ltd
28
60
27% Aug
29
Jun
60
60
25
57% Mar
61
Jun
19
19
200
19
Aug
22
10%
10
22%
•
„
14'
14%
16%
15
16%
Feb
Mar
*
15%
Feb
25
10%
Jan
13
25
~3%
26%
——
63%
66
18
18
IIIIIIIII.IIIII*
com
.*
100
_____
Jun
Jan
Jun
Jan
68
Jan
1,666
50
Feb
20
Jun
16%
'22
Mar
25% Aug
32
Jun
101
July
50
22%
10
99
Apr
% Mar
16%
250
15
Jun
16%
Sep
12
12
10%
Jan
14
Jun
11%
117/«
77
77
13
90
69
Jan
11% Aug
77% Aug
13
117
11%
Jan
14%
Jun
6
5%
6
480
3%
Apr
6%
Jun
63
62%
63
210
;T7
•
30
99%
79
80
80
101% 101%
101%
6,235
8
July
76
Mar
58
63
July
80
Sep
530
70
Mar
40
100
Jan
101%
110
19%
Jan
22
1,252
6%
Jan
14 Va
21
21:
22
11%
*
common—
10%
11%
28%
28%
10
23
Jan
29 Va
27
27
27
10
26%
Feb
27
___*
.
;_II—II25
—
Jun
29%
38
15%
—
*
380
18%
4%
Jan
2% May
18%
50
25%
Jan
July
58%
635
66
12 Va
107
33 %
2,410
37
Jan
Jan
30':
•
i
.
11%
105
July
99%
11%
common
•
25%
*
Power
•
37/a
26%
3%
25
37
Feb
15
210
;
9% Apr
95
*
37% Mar
103
Aug
17% Jun
12
_
Jun
32
105
common
Sep
12%
100
2,020
12
com
22%
Jan
7
200
13
•
18% Mar
3,115
;
16%
13
Jan
Jan
14
1,125
35% 36%
100% 101
36%
101
8%
970
10%
105
———
—
Jan
28
—50
Mills
—
preferred
Jun
Jun
11%
__100
—
Walker Gooderham & Worts
Weston (Geo)
preferred
Wilsils Ltd
5%
8
38
28% Jan
City Rapid Transit common....*
Zellers
Jun
Jun
25
Standard •; Chemicals
Winnipeg Electric
28%
18%
200
*
—:
Canada
24% Mar
75
——-*
common
—
of
105
247
*
common.
United Steel
Corp
Wabasso Cotton
Jun
8
7%
Sicks' Breweries common—
.*
Simpsons Ltd 4%%' pfd——100
Steel Co
59%
10%
Paper preferred
100
Shawinigan Water & Power———-—*
Sherwin Williams of Canada com—J*
Twin
Jan
37
*
•
Southam Press
Southern Canada
50
10%
100
-
Sep
Jun
Jun
Aug
May
Banks
__
Montreal
Nova
Royal
10
_
Scotia
_
~T~ "
.—.1111"
18
Minnesota
Meore
For
footnotes
see
page
1204.
Jun
3
35
2 Va
Jan
3%
Jun
Ontario
&
*
39%
39%
30
Jan
9
39
35%
Feb
Corporation
39%
75
39
39
180
•
15%
15%
25
9%
9%
150
11%
12%
5,473
3%
4
1,186
12%
4
•
&
Part
2nd
6%
41
4
4%
5
200
Stores
6%%
1st
320
25
Jan
42%
pfd
—
Hotel
Windsor
Jan
Jan
43
Jun
15
Apr
17
Aug
27%
27%
105
21
Jan
28
Aug
5
Jan
6%
6%
6%
75
22
22
22 Va
210
34
22
32%
49%
49%
Aldermac
87/a May
6% May
9
14
685
12
Jan
22%
120
20
July
*
7
27
165
22
10
105
525
2% Mar
13
13%
2,225
11% July
62
62%
150
57%
Feb
11%
•11%
601
6%
Jan
283/4 July
Feb
6
(
Mar
107
62%
-
^
Jun
30
16%
21% July
5%
13%
Feb
Jan
Jan
107
—
Jun
12
26%
—
10%
18
u**
6% Aug
Jun
14'/a
Jun
65%
7
Mar
14
14% July
Jan
3%
Jan
107
.13%
775
90%
90%
19
-78
May
105%
105 Va
5
99
Jan
106%
43%
43 %
80
35
Jan
46%
44%
45%
559
363/4
Jan
50
Jun
8
8
300
6
Jan
10
Jun
,24c
25c
2,391
22C
Jan
30c
Apr
30
30
30
25
26
Jun
30
Jan
13
13%
4
50
44%
.25
91
Aug
Jun
Feb
30
30
20
28%
Feb
19
19
35
17
Jan
21%
Jun
6%
6%
25
33/4
Feb
7
July
—
11
11
37
8
Jan
*
11c
lie
lie
250
19c
July
—*
7c
6c
7 Vac
25,000
3c
Jan
23c
May
23C
23c
23c
Feb
28Vac
Apr
buc
60c
9,500
3,200
17c
Feb
79c
Apr
30c
30c
32c
9,500
8c
Jan
51c
Apr
1
39C
40c
2,500
35c
Jun
60c
Jun
1
16c
17c
1,500
6c
Jan
27c
May
30
30
«
19
WM-W
4
Copper Corp. Ltd
Ltd
Mines
Arno
Astoria
Quebec
Mines
Aubelle
Mines
Limited
Beaufor
Gold
Gold
Bonville
Bouscadillac
1
Ltd
Mines
1
Mines
Gold
Cartier-Malartic
Mines
Gold
Ltd
Mines
Gold
28c
28C
3.599
lie
10c
Ltd——1
Cadillac Gold Mines Ltd—_—1
Central
*
31c
47,400
4'C
4 ,C '
h
♦
Mines
1
Century Mining Corp Ltd
——1
27c
27c
29c
Cournor
5
62c
62c
65C
Dome Mines Ltd
*
26
26
200
1
2.87
2.90
1,800
Centremaque
East
Malartic Mines Ltd
East
Sullivan
Apr
Jan
11%
Gold Mines Ltd
Consolidated
Ltd
Joliet-Quebec Mines
Lake
Shore
Mines
Lingman Lake
Little Long Lac
10c
Jan
7,000
Sep
65c
26
Sep
29
52c
'51c
31
51c
Ltd
1,000
3VaC
Jan
15,060
7%c
Jan
13 %c May
1.50 May
21%
;H60
2.00
2.06
•35c
39c
24 % May
5c
Sep
9%c
Apr
46c
July
76c
Sep
400
2.00
1.60
Jan
300
5,000
5C
76c
35c
'
•
100
100
77
9,131
7.
r
18
>
1.32
92c
1.55
Jan
2.00 Aug
Jan
2.05 Mar
2.20
July
Aug
200
25c
July
43c
Aug
38c
Aug
43c
Aug
3.30
3.25
3.45
7,500
4,900
1
39c
35c
41c
26,838
10c
Feb
44c
Jun
500
24c
Sep
62c
Apr.
24c
24c
2.25
Jan
3.80
Apr
5.90
5.90
800
4.75
Feb
5.90 July
1.50
1
1
1.50
>700
1.20
Jan
1.79 May
4,000
45c
7 50c
:21c
July
50c
15c
15c
16c
3,000
6c
Jan
25c
36c
35c 36 %c
8,000
15c
Jun
68c
200
66c
Aug
80c
Mar
74C
90c
May
49c
Ltd
Mines
Sullivan Cons Mines
Jan
Teck
Mines
Feb
7c
5c
*
Yellowknife
Mines
May,'
July
75c
85c
2.00
*
Red Crest Gold Mines
Gold
46c
July
Sep
1
Mines
Mines
1.75
1.00 Aug
21%
5c
—5
Gold Dredging Ltd
Gold
Jun
7c
77C
1
Cadallic Gold Mines Ltd
Cons
Sep
Jun
75c
1
2.06
Paramaque
May
-
7.00 May
Apr
30c
51c
2.99
Jan
2.55
l,o«K>
38c
Gold Mines Ltd
Jun
45c
62c
1,500
Yellowknife
Quebec
3,500
4,600
70c
O'Brien Gold Mines Ltd
Perron
May
May
60c
3bc
1
Calumet
Pato
18c
54c
Jun
1.00
Macdonald
Pandora
Jan
Jan
4.25
1
Louvicourt Goldfields
Nib
6c
4c
33c
38c
3.90
1.00
—1
Ltd
Lebel Oro Mines Ltd
New
'
1
Hillcrest
J-M
:
37 %c
1.00
4.25
.1
Mines Ltd
Goldora
:
9%c July
1
-1
Mines
Gold Mines
Formaque
29 Va
$18,000
120
Mining Stocks
Apr
-*
Ltd
Ltd
-1
1
irn*m
7t>C
2,275
65c
Jan
82c
82 %c
9.252
60c
Mar
47C
47c
49C
7,600
43c
Apr
3.05
2.95
3.10
12,-7^0
1.50
Jan
5.00
5.00
200
3.60
Jan
1944 Ltd
Ltd
Hughes Gold Mines Ltd
68C
1
1
—1
*
Aug
Apr
38c Aug
1.05
Apr
1.00 May
,
3.80 Apr
5.50 May
18% July
49%
Jun
875
26%
Sep
Juri
36
5%
»
63/4
23
8
13%
-14
7
Jun
Jan
24
10
26%
*
:
213/4 Aug
9%
10
»
Ltd——.
May
Jan
2
30c
34%4
33
"
Aug
49 Vs
Jun
125
*
United Distillers of Canada Ltd
20 %
Jan
Sep
July
30 Va
1,195
—
—u——I——.,.-,.-,4
Class B
16 V4
V4
41
7
>
..
1.50
«
United Corporations class A
510
15
4% July
35% July
3% Mar
29%
41
1st pfd_ 100*
Standard Gold Mines
27
*Z
16%
Southmount Invest Co Ltd
Sep
170
Sep
Feb
Mar
2
42%
red pfd__ 100
Quebec Pulp & Paper 1%
Sarnia Bridge Co Ltd
22
1,280
12%
9%
.
25c
corn-
cum
_
Jan
18 Va
Jun
29%
—
pfd
19
19%
Aug
11%
1.50
*
Co
Pr
140
28%
16
Jan
16%
«
Scotia Lt
Nova
Power Corp of Can
Stadacona
19
Apr
Jan
7%
41%
Aviation Ltd
Noorduyn
Siscoe
18
40 %
5
4%
*
17% Jun
22
Aug
July
29 V4
*
*
"5
Ltd
16% July
1
i;
20
Paper Co
Jan
311
28 %
30% July
12% July ;
40
Jun
Royal Hotel Co Ltd—.
Mt
Oil
49%
Aug
10'/a
'
12
...
common-
Stocks
Home Oil Co Ltd
Notes
15
Jan
47
100
6%
Ltd
Jan
16%:
Bonds—
Monteral Power
Jan
8V4
175
100
Oil
Distilleries
14
16
28%
19
———10
10
:
16%
22
10
13%
29
*
__
15
5
16
16
.16 V*
6
18,571
.12 %
*
;
Sherritt-Gordon
10
—10
15
.10 V4
3
Rochette Gold Mines
Canadienne
Commerce __~T~ ~~ ~
Dominion
50c:;Jan
15
9«/4
10
12
pfd
.
37
7%
22%
,
Corporation
preferred
Jun
10%
.*
—
Saguenay Power pfd
A
Jun
37
*
!
——
Provincial Transport
St Lawrence
Aug
26
15% May
5% Jan
—
St Lawrence
Flour
St Lawrence
42
22
Apr
370
18
May
17% Mar
20
37
1
River Co.^—_
Power Corp of Canada
Price Bros & Co Ltd common
Mar
Jun
29
pfd
Thrift
*
—
Powell
Rolland Paper
Feb
40
28%
18
18
Apr
26%
—*
common
Knitting
Feb
8,798
55%
—
25c
McColl-Frontenac
Jun
24%
55
Power
11%
29
23%
466
Quebec
Jan
24%
420
Regent
17% May
13 % Jun
21%
24
preferred
Feb
Jun
22%
*
55
Massey-Harris Co Ltd 5%
Melchers
18% Mar
24%
41%
5%
31
23
21%
Ltd
Feb
23% May
22 V\ May
24
Development
May
12
Jan
8% Mar
175
20%
Placer
35
Jun
15%
.
705
29
Sep
24% Mar
16
115
1,366
Jan
33%
38 Va
24% Mar
400
41
Penmans
Jan
32
21
Page-Hersey Tubes
Jan
21%
27% May
26% Jan
11%
*
40c
7%
Maple Leaf Milling Co Ltd common.
41%
Rwys
40c
(Alfred)
32% Mar
*
Aircraft
Paper
39 Va May
*
Car
Jan
*
Jan
*
Electric
&
31%
31%
Ottawa Light Heat & Power com—-100
15%
common..*
Ltd
John
St
785
Corp..
Ottawa
14% July
•
(John)
13% July
7% July
pfd—
38
common..
Ottawa
60
..20
Co
37%
33'/4
*
15
42
"lO
Halifax
MacLaren Power & Paper Co
Car
common
Jun
15
—1
class A—
Jan
Weaving—
common
7V»
—
Canada
29%
Steel
Products
5V4
Apr
*
Ltd
Ford Motor Co of
25
Wire
Steel
Jan
6 Va
,
32
Niagara
Ontario
49Va
3%
25
*
32
270
National
Ogilvie Flour Mills
Feb
2,125
—5
Aircraft Ltd——
16%
35
*
10
5
.
_*
Woollens-
28
100
;
Jan,
47
7 V,
47
12
—,
28
National Breweries
Noranda Mines Ltd
A
37%
i
Jun
7V4
—
Donnacona
Lake
Jan
class
B
32
Montreal Light Heat & Power Cons.i.*
SepJan
50c
4%
2.50
r
16%
_*
Mar
Jun
55 Va
57/a May
8% Jan
1,885
7%
12%
15%
28
_„*
_
25c
7%
*
Dominion
105% May
25
20
7%
*
(Robert)
Sec A_
Jun
19% Aug
3
Oil
5 Va
4%
Bakeries of Canada Ltd."
11
25
13%
*
McColl-Frontenac
500
Feb
15%
Feb
*
Dominion Engineering Works Ltd—,
Dominion Oilcloth & Linoleum
Dominion Square Corp
-Jun
16% May
31%
Massey-Harris
35c
Jan
4
5
common
Jun
18 % July
Apr
31
32%
*
35c
100
Alcohols Ltd
79%
Jan
22
Lang & Sons Ltd John A
Jun
11%
*
15%
22%
Public Service Ltd common..*.
Jamaica
Jan
14%
20
Davis Leather
8% May
12% Jan
80
•
Lake of the Woods Milling common
6%
100
Jun
20%
7
Utilities
International
425
*
com
10
Jun
160
*
Ltd
common
July
2.25
56% Aug
Mar
4%
*
465
12%
15%
15
common
International Power
Adv
—
Preferred
International
Apr
1.80 Aug
50
15%
David & Frere Limitee class B_
25
11%
23%
com—*
35
4%
Jun
111
Jan
'
25
International Nickel of
12% Jan
25
55
*
Preferred
5,400
15%
12
7% Mar
14
186
105
7
*
2.00
56%
10
18%
'
18%
7%
£1
—
300
55
Imperial Tobacco of Canada common_5
Preferred
17%
77%
105
121/4.
•
1.90
56%
15%
*
24
12
,_*
...
680
305
55
*
common—
,9%
17
105
*
Paper
16
>
5
56%
Consolidated Paper Corp Ltd
18%
*
Bridge
Kollinger Gold Mines
30
110
77%
*
Jun
Jun
Jun
110
50
^
1.25
12
73
*
Preferred
Jun
29
Preferred
2.00
15
pfd
Preferred
16%
17'/a
100
(Charles)
Hamilton
40
Jan
77%
1
Feb
Jan
6%
46
-
9%
*
Goodyear Tire pfd inc 1927
Gurd
70% Aug
Jan
27
17
*
Canada
of
133
1
5%
General
Jan
.*
General Steel Wares common
Neon
42%
__*
Dry den Paper,
40c
175
71
100
Products
12%
100
.—
Dominion Textile comriion
Food
33
150% 150%
Dominion Tar & Chemical common—*
9
71
*
Co
Cassidy's Limited
555
29
_*
9
100
——
34
25
Ltd
85c
1
Jun
9%
5%
Canadian Vickers 7%
49
_100
Jun
85c
59
172
50
common
Mar
85c
Jan
Sep
r May
310
Dominion Glass
168
Sep
61%
9%
Aug
155% Aug
167% May
Jun
70
9'/a
/'/V/V
29
Jun
61
2714
39
Mar
26 Va
May
4%
Claude
*
158%
107
20
3V4
Jun
0
158
158 %
Feb
22% Mar
172%
15
35
45
Feb
Apr
Steel
105
645
27
Jun
Jun
Jan
12%
&
10
25%
27
Sep
4.15
75
2
496
common
106%
25
Jan
Jan
2
14
__—
106%
25
2.30
650
14
Dairies
45
150
14
Foundries
194
4
Catelli
Preferred
2,996
2%
Celtic Knitting Co Ltd
Dominion
4
68
172%
Jun
Dominion
3%
67
■•/
4'
68
4
Jun
12%
Aug
59
2%
207/a
25
37
May
172%
35
preferred
Jun
Mar
36 Va
4
Feb
Coal
25%
25
290
i
49
2%
11%
Dominion
23%
105
59
37
•;
Trust com..*
Investm't
15% Mar
*
472
Jun.
Jun
37
,4
59
prefererd ————u_———lOOi
455
Dominion Bridge
Jan
25
24%
4%
Canadian Int'l
3,452
40
11
Canadian Marconi Company
1
Canadian Pwr & Paper Inv Ltd com..*
17%
68%
39 Va Aug
Feb
8%
Jun
32%
40
Jan
Apr
15
Jun
17
61
25
3
35
3%
9%
9%
*
class
29
100
3%
39 Va
—100
*
31
68%
100% July
\
...
Ltd
17%
.»
99% Aug
37
Industries
32
_•
5
*
_♦
.5
99%
*
com.
Sugar
25
Distillers Seagrams common.
99%
mm*
Dredge & Dock Co 'Ltd
Canadian Locomotive
Consolidated Mining & Smelting
Consumers Glass
Sep
17% July
'mm*'1
Canadian
Canadian Pacific Railway
Cockshutt Plow
64%
July
2% Mar
14%
25
400
8%
Mar
17
32
475
9%
8%
46
I
Apr
139%
35
:
Mar
.
46
46
51
43
*
.*
38% May
Jun
44
96
Ltd
Calgary Power Co Ltd 6%
Jan
65
5'A
1,553
——4,.——__i..100
8%
39%
5,097
17 %
5
Canadian
39%
4%
64%
17 '/4
.
Ltd
Paper Co
8,165
.
4%
62%
*
Brown Company common
.
4%
0
—
Vancouver Ltd..
Range Since January 1
LOW
High ■ v;
High
17 V4
*
Paper class B__.
of
Shares
64%
100
_
Jan
15
.100
preferred
Jan
124
for Week
of Prices
Low
•
Acadia & Atlantic Sugar commonPreferred
May
Aug
Sales
Range
Sale Price
Par
Abitibi
2
45
100
—
Feb
18%
18%
100
common
STOCKS—
11
45
common
Ind Alcohol
Jan
11,949
22%
18%
25
_
July
Sep
18% Sep
27%
295
14%
*
.
Converters
161
Week's
Last
20
3
'
—
14%
162
25%
*
Canadian Foreign Investment
Class
Mar
Friday
Aug
24
12
50
preferred——
Canadian Celanese common
Preferred 7 ft
Canadian
20
7%
New
Canadian
Apr
4,520
Canadian Funds
Jun
15%
124
Canadian Car & Foundry common.—1
Canadian
13
27%
*
Bronze
Canadian
5
107
20%
*
—
127%
Jan
3
Canada Northern
——
High
Jan
23
20%
*
Iron
100%
15%
24
100
common
——
94%
36
170
16%
25%
*
5
Bulolo Gold Dredging
Canada Cement
Preferred
16%
170
*
A—/
Building Products class
Canada
18'/a
160
18
25%
2714
Range Since January 1
Low
105% 105%
121
18
*
Class B
121
105'/a
5% pfd—100
Amalgamated Electric Corp;
—
Asbestos Corp
—•—*
Bathurst Power & Paper class A
•
Bell Telephone
—100
Bralorne
Mines
Brazilian Trac Light & Power
*
British Columbia Pr Corp A
*
Biuck Silk Mills—
Shares
High
121
*
1
for Week
Low
of Canada
Co
A'uminum
Range
Par
MARKETS
SEPTEMBER
Sales
of Prices
Sale Price
>,■.,?>>
•
ENDING
1203
Feb
Homestead Oil & Gas Ltd
■*
1
3.70
200
3.10
Jan
10%c 10%c
10,000
4ViC
Jan
3.70
4.25 Mar
18c
May
THE COMMERCIAL &
1204
FINANCIAL CHRONICLE
Monday, September
10
over-the-counter markets
Quotations
for
Friday,
September 7
For
Specialists
Quotations
in
on
Real Estate Bonds
Shaskan
OVER-THE-COUNTER SECURITIES
Co.
&
Members New York Stock
Firm Trading Markets
Exchange
Exchange
Members New York Curb
in
250
40 Exchange Place, New York 5, N. Y.
ISSUES
ACTIVE
Tel:
DIgby 4-4950
120 Broadway. New York
Ward
Established
Direct
Co.
&
Wires
to BOSTON
—
Reorganization Rails
-
PHILADELPHIA
—
(When,
Bonds—
Per
r
Aeronautical Securities
Holding
Foreign
Series
Series
4.94
Series
B-3
-1
J
—
-
13.41
14.55
Scries
B-4,—
10.31
7
7%
Series
K-l
,
20.03
1
16.98
18.26
Series
K-2
-
28.03
B—_——...
33.34
35.85
Series
S-l—
Series
Nat Investing—
A Common
7%
1
America
of
Tr
7%
S-2__
——-
23.22
3
36.84
39.83
Loomis
L' Bullock Fund Ltd———1
19.62
21.50
Loomls
Broad Street Invest
Co Inc
Knickerbocker
1
Manhattan Bond Fund
Canadian
Inv
Fund
Ltd
1
3.65
4.25
•
31.78
34.17
Mass
Investors
1
11.36
12.29
Mass
Investors
2d
com—100
2,790
2,890
Mutual
Fund
Chemical
Securities
Christiana
Preferred
$
Commonwealth Invest———1
Consol Investment TruEfc,
Delaware
1
^
Shares
22.56
Income
1.69
Industrial
14.19
15.51
Fund—25.13
24.28
26.14
2.23
10.98
7.02
7.83
shares
Trust
29.53
A—2
7.33
priced stock
8.07
'
•.I.
General Investors Trust
>
1
6.11
6.18
Agricultural
8.49
—
9.33
'
Aviatlpn
shares
r,
Chemical
-
Casualty-
;Electrical Equipment.
- Food shares——.
—l—i,
'Fully Administered- shares.—
12.52
——
;
r3 General
8.35
8.30
9.20
9.40
-
10.54 5
.-1LW
8.79
LowPfice Shares:.
■
i
Petroleum shares———
.
t'/{
Railroad Bond
1
A";
}•
"'
6.16 !
shares——_L.-
!'HUtility
A Huron
)
National
National
Union
14.30
1
,
.
"Selected Amer Shares—.2%
17.20
4.32
106.03
108.17
12.72
v
66c
State Street Investment Corp...
53.50
66c
Trusteed Industry Shares
'
1.69
1.85
30.94
2.57
2.89
_•
■
25c
A
:;SerleR
15.04
"96c
insurance Group shares—..I.
C——
—
14.98
30.97
.1
15.63
92c
Unicn Common Stock Fund B
Union Preferred Stock Fund
•
33.66
15.99
10
67%
52%
A First
Federal
Fire Assn of Phlla
Franklin
B
Fire_—
Globe
:x-
Rutgers Fire
15
com
15
*
Hartford
Reinsurance
Republic
Revere
21%
•
23%
^58%
19%
.
25%
27%
87
91
30%
'32%
28%
30%
105%
110%
,r
100.28
10126
57a
44%
U 8 Conversion 3s——_]:946
U S Conversion 3s
1947
100%
Panama Canal 3s
103%
"46%
Int. Rate ;
Va%
Bid
100
tDec
■;
15.
1946—j
fMar 15 1947—.
-
.
1
%
100.3
Ask
one
or
more
Pow
Lt
&
Steel
3%s__1974
2%s
*
t%S Oct.
of
1,
105%
100%
1007/8
1974
103
103%
6%
307/8
21%
23%
2
St Paul Fire & Marine,:
73
70
12%
Seaboard'Surety—
49%
Security New Haven
l
10
Springfield Fire ft Marine—2B
Standard Accident
—10
33%
Travelers
U
S
4
U S
35%
37
40
568
583
44
42
-
.———4
53%
127
121%
———100
—
Fidelity & Guaranty Co—2
U 8 Fire
54%
'51%
10
76%
79
2.50
34%
36%
100%
100%
97%
98%
Guarantee——
Westchester Fire
.1975
1965
101%
lOl'/s
102%
103%
101
101 »8
South
101%
1974
108
109
Sou'western
100 va
100%
Texas & Pacific Ry
1965
104%
105%
Texas Elec
3s
100%
3%s
99%
100%
__1990
Great Northern Ry—
1953
98%
98%
98 %
98%
105%
/
Gas
Lt
Texas
Pub
3%s_
105
99%
100%
102%
Serv
Service
Power
Preferred
,—,2000
&
(W
.1975
2%s. 1975
Light
Stocks-—
Colgate-Palm-Peet
Grant
3%s. .1974
37/8s__. .1985
2%s
T)
,.
Co'3%—— ,100
Newberry (J J) 3%%
Reynolds (R J) Tob 3.60
-100
Ruppert (Jacob) 4%
,_100
Sterling Drug 3%
-100
102%
103%
1975
102%
103
1975
101%
102%,
1974
Tide Water Assoc Oil $3.75.
106%
107
Union
3s
*
'_100
3%
Hecht
1965
Elec
Oil
(Cal)
103%
102%
97%
98%
100%
101%
100%
101
Par
$3.50—
Mountain States Power 3s
Narragansett
Ask
Bid
Reading Co 3%s
Skelly Oil 2%s
1965
Baking
Lt
Pow 2%s
1974
Kans Okla & Gulf Ry 3%s_1980
103%
103
104
103%
99
,
,
99%
103
102
99%
101%'
100%
102%
102
102%
101%
102%
98%
$3.75
99%
Ask
100.26
100.28
103.18
132%
133%
United States
Bates quoted
a
September 27.
October
point
October
Indebtedness—
Bid
100.22
100.11
100.12
t0.90s
100.29
100.30
t%S Feb.
fSept.
15,
1947-
—1 va%
100.14
100.15
f%s March
fSept.
15.
1948-
—1%%
100.31
101
t%S
Jan.
1,
April
t%S May 1,
1946-
.0297
I
t%s June 1.
1,
.0354
.0247
' .0359
1946
.0347
,
1946
.0319
V..0464
July 1, 1946
Aug 1,-1946
t%s Sept.
.0363
.0328
.0259
i.09%
m.
.0555
.0307
.0484
.0144
1946
.0338
'-'WtK'i;.
raRtfnff
S
dividend
ro
dividend,
.0475
.0394
'
November 1, 1945
November
0.34%
bO.375
0.35%
bO.375
0.35%
0.32%
bO.375
0.35%
0.33%
November
bO.375 0.35%
b0.375 0.33%
8,
29, 1945December 6, 1945-—
bO.375
0.35%
.0364
.0302
1, 1946
1, 1946—
0.33%
bO.375
b0.375
1945—
Ask
bO.375
.0248
.0250
1946
1,
Bid
1945,
1945,1
0.32%
b0.375
1945
purchase
November 15, 1945—
November 23, 1945—
b0.375
^
Ask
.0190":;
t%s Dec. 1, 1945
1ya%
.-1 tt*
t%S
October
11,
18,
Treasury Bills
It/t discount at
Ask
b0.375 0.28%
bO.375 0.32%
1945
1945,:
4.
are
October 25
September 13, 1945^
September 20, 1945
1945
100.21
1947.
32ds of
1%%
15,
.
5%
277/s
10
-
Ask
105
1975
2%s„„1975
Eastern Gas & Fuel 3%s
Erie RR 2s
Dollar Price 100 Plus
Certificates
100.4
fSept.
•
14%
37
34%
10
(NY)
Fire
Carolina Pow 3s
.1975
South'n Bell Tel & Tel 2%s. .1985
Pub Serv
Houston
103.14
1961
Maturity-
100.1
'
1946—
Corp
(Texas)
(Paul)
Monongahela Power 3s
105%
Figures after decimal point represent
fMar 15.
89%
Security Issues
Bid
Quotations For u. s. Treasury Notes
IDec. 15, 1945—
,
12%
Portland Gen Elec 3V8S___. .1975
Recent
Bethlehem
Bid
100.26
rvo. Maturity—
■
10%
Treasury bills-
J r;
52 :
•
Bid
•
59%
55%
85%
B
Accident-
104
97%
10
Providence-Washington ———10
Bond^—
Birmingham Electric 3s
5%
Corp.,,,.,—10
91
87%
m
Continental
1
6%
5%
—29
Conn Light & Power 3s
lOOVa
May 1, 1956-1946
1%S Oct 1, 1950-1948
2V4S Feb. 1, 1955-1953
<'
Indemnity Co
10
Fire
20.95
19.20
101.23
3s
.
24%
Fire
,10
Hanover
31%
Other Issues
{3s Jan. 1, 1956-1946
-
23%
Pacific
0
Arkansas
20.25
Ask
'
v
14%
North Rlver^:^;——— ^—2.50
Northeastern
8
Northern —{
12.50
61%
9%
25.76
Of Governmental Agencies
3. -0
30
481/4
13%
Casualty
Phoenix
54%"
Kings County Lighting 3%s_1975
Federal Land Bank Bonds—
27%
45%
99%
48%
preferred
181
New Brunswick—
14 Vb
'
American,
6 7/«
171
20
29%
95%
.fl
&
2nd
Great
Laclede
v
Fire
59
6
2
13%
RepubliCu——.11
Globe st
39%
56
53
58%
..
,_8
10
36
(Detroit)—10
2
Amsterdam
Preferred
49%
10
General Reinsurance Corp
Gibraltar Fire & Marine,
Glens Falls Fire—
;
23.57
;;7,FjOR new york city banks & trust cos.—See Page 1187
r
New
Casualty
155%
,10
3%s
Bid
5%
31%
62
20
Fireman's Fd of San Fran
Firemen's of Newark-.-
tJ .£
v.:-iV
'iakv
7%
47/8
4
37%
35%
.10
of Md
9.86
1
6%
Fire
55ya
29%
*
—..^10
Fidelity & Deposit
9.02
Shares A——.
Co
Boston
10
69%
;
Mfrs Fire N Y—_4
Pacific
——
Group
Employers Reinsurance
10.12
Corporations
&
22%
_5
1.02
Investment Banking
ABlair
24%
20%
23.93
1.06
1.19
685
22%
10
Merch ft
Monarch
New Hampshire Fire,——. 10
New York Fire——B
78%
660
Continental Casualty
Cent Vt
16.41
74% '
B
——
25.93
9.25
.
6%
73c
25.15
,
541/4
56.50
16.48
>
T.08
Stock and Bond Group shares.
Investment Co of America—.10
7.54
21.89
series
Wellington Fund
shares
Bank Group shares
13.87
6.89
B.
U S El Lt Ac Pwr
^institutional Seourltles Ltd—'
-Investors Fund O
Bond Fund
Series
Fire
Crum & Forster Inc
:
3.93
-
6.81
'*
Camden
r
*
—
6
r-y'.' 10Q
rT-
,
Employees
11.92
16.00
6.19
Independence Trust Shares
--^
Fund——.—..,,1
37%
Connecticut General Life
*
11.58
20
,;
54c
Boston
City of New York
13.62
15.97
15
10c
28.77
Aviation Group
;
3.18
Standard Utilities
1
■-
10.76
8.57
Sovereign Investors..——,——!
...........10o
Mov
Trading
66%
11.64
6.00
Incorporated investors———B
^
&
Republic Invest Fund
Union
—
10.58
'
,
12.31
5.77
Fund Ine
29
,..r.-iir
,,
13%
12.02
5.24
Holding Corp
Foundation
10
Baltimore American—..2 %
Bankers & Shippers
25
9.38
15.01
3.41
—.——..I '
,
11%
861/2
50%
8
Liberty
5.45
...
•_—,
Common
1
Series 1956
10%
82
Casualty—1
12%
National Fire
—-
—
Tobacco shares
/ Income
Series 1955
Scudder, Stevens ft Clark
Fund, Inc—
6.78
Massachusetts Bonding
Merchant Fire Assur
-
68%
8.70
Putnam (Geo)
6.10
.
19
39%
10.39
4.43
5.54
Maryland
12%
17%
21%
shares—
7.10
4.02
RaUnead stock
Steel shares
.T*:, ;
•
shares.
RR Equipment shares..
>o
•
31%
11%
B
19%
7.91
,
,,
6.11
,
6.45-
■
29%-
5
—
10
American Surety
Automobile
5
-
Petroleum
40 »/2
Reserve
7.79
——.--.w—!
9.34
5.55
.
98
37%
American
8.77
8.50
Mining shaxes—
4
95%
{23
6.80
9.45
>-:
21
15.48
10.59
—,
Trust
15
—10
18%
Railroad equipment-
9.66
~
7.98
'Merchandise shares
Fire
Insur Co of North America—10
62%
8.54
11.06
Homestead
16%
11.20
Amer
82%
•
12
10.54
—
stock
Ask
47%
291/4
59 Yb
'7.76
North
48%
79
1M«
44%
Re-Insurance
Steel
10.11
8.55
"
!
equipment-
Railroad
9.12
v
bond shares...—...
62
27%
,,
-
American
10.85
6.74
51
31%
60
——
Home.
American Fidelity & Casualty.B
American of Newark
3%
12.40
Machinery
Metals
21%
fm
Hartford Steamboller Inspect—10
5.34
14.54
13.74
6.13
'
Industrial Machinery shares..
Institutional bond, shares,—1.
>
■
1
7.16
-55%
9.81
9.62
Speculative
Insurance
85'
*
46%
10
Automobile
9.79
-
Electrical
"
■
10.56
6.51
—
]
{
9.46
•
Alliance
American
8.53
Diversified
8.79
7,61
9.61
—
shares
'
8.00
-
Building shares
10
Ask:
m
53
American Equitable—
10.94 s:
—
{ Diversified Investment Fund
shares
Automobile shares———..
81
—2B
.
American
13.67
«
_
Chemical
AGroup Securities—
Bid
—
Life
Agricultural
6.10
13.02
,
stock-
60
19%
29%
Seaboard Ry common—
Preferred
National
1
Building supply
"w':-
98%
29
58
—
49
15.33
series
England Fund—
Bank
—
4.76 :
Automobile
41.80
com—^
•
.
27
St Louis & San Francisco corn-
82
10
8.66
7.59
.
Agriculture j
6.78
Preferred
Grande
8.88
common-
Aviation
•
Surety
5.51
■
{Lf iGeneral Capital Corp
96%
New York Stocks Inc—
32.36
•
5.94
Rio
Preferred
80
—
Aetna
(
2.45
Fundamental Investors Inc—-2
73%
&
6.13
—•
Financial Industrial Fund, Inc,
First Mutual Trust Fund—
8
..^Fundamental
Aetna Casual A
7.77
—
Low
Stock
'
102
-
Francisco—
American
Preferred stock series
New
•'
72
100
preferred
Jersey Insurance of N YMM.20
series
17.23
Fidelity Fund Inc
37 V4
71%
5%
Insurance Companies
16.39
10.16 J
1
series
26.87
Fund
100
Par
•
Aetna
Low priced bond series
-
i—.-1993
10.78
15.26
stock
70
14.48
:
7.95
.—2018
28.76
13.47
National Security Series—*
Bond series—
<
95
'
Denver
1st 50-year 4s—
Income 75-year 4Vis
Securities—
16.12
Stock
>
9.81
26.75
Inc
——-1
Balanced
5
.100
10
,,
shares
1.54
25a
Eaton & Howard—
Fund
93
•
—
18.80
1
„
Fur-d
National Investors Corp
7.05-
__—2.50
-
Dividend
Balanced
57%
20.87 •**
.1
Diversified Trustee Shares—
D
55 »/2
Invest
64'A
36%
Common
50.80
1
„■■■■-';
-
■
Natlon-Wlde
6.61
6.08
1
Fund
148
143
100
Common,
106%
Inc—
Trust
Century Shares Trust
2019
—
St Louis & San
8.17
116.42
49.78
104%
Grande—
4%s
25
62%
—
Chicago Rock Island & Pacific—
1994
4%s_
23
Preferred
80
Rio
71%
—
Chicago Milw St Paul & Pacific
99
78
1st 3-4s income
7.11
7.39
Fund
Sayles Mutual Fund-—*
Sayles Second Fund—10
97
income
101 J/4
Common
106%
2019
2019
Income
15.61
6.40
.■;
104%
4V2S A_
4V2S B
Conv
109.61
21.59
Inc
,.—1994
Ask
99%
69%
Stocks
Income
Denver &
17.28
14.17/
—
Series: 8-4—.—.
105.23
Fund
Boston
Bid
4Vis
70
income
1st 4s
Issued)
Income
Chicago Rock Island & Pacific—
31.50
28.22
15.72
S-3_
8
■■
—
—
if
96
68
Gen
30.82
:'
94
Gen
21.99
•
Series
Inv
20.82
shares—
Oil
Axe Houghton Fund
Bond
32.05
11.35
Axe-Houghton Fund Iuc
Bankers
29.71'
18.97
B-2
4.51
1st 4s
28.36
29.26
B-l
33 %
2003
4 Vis
and
Chicago Milw St Paul & Pacific
Keystone CustfMan Funds—
5.98
31%
Investlng-lOc
Assoc'ted Standard
9.77
5.47
10
as
Ask
Seaboard Ry 1st 4s
1983
2nd
Ask
Bid
r»r
1%
Corp
American Business SharesAmerican
1st 4s
Ask
8.91
1
Affiliated Fund Inc.
AAmerex
Bid
Bid
Chic Indianapolis & Louisville—
Investing Companies
"Vj
1-953
1-2173 & 1-1288
Security Dealers Association
HARTFORD
Bell Teletype NY
2-8700
REctor
Tele. NY
York
Members New
1926
Phone:
Share
with
Fxrtlnni?
x
w
i 1 ^r!ce^ cResult
Ex-dividend,
^rV
y
of the merger, effective Jan. 1, 1945, of Doehler Die
°' d Deferred delivery, e Ex-interest, f Flat price, k Removed
market. sCash sale—not included in range for year, t Ex-stock
Ex-rights,
OfTld^rnSSi^ve
and four shares of new $5
par
z
Ex-due bills.
Cd-; chan?e of
name
approved
commmi'stock!ne"fiftl1 share of.new
furnistaed'by I*—.y't; ,These 1,011(15
June
12,
1945
and
each
*50 Por preferred stock
are suble« to-all Federal taxes.
^Quotations not
1945
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
1205
Week
the course of bank clearings
clearings this week, will show an increase compared with a year ago.
Bank
compiled by us, based upon telegraphic'advices from the chief
indicate that for the week ended Saturday, Sept. 8, clearings
of the United States from which it is possible to obtain weekly clearings
Preliminary figures
all cities
8.4% above those for the corresponding week last year. Our preliminary
total stands at $8,658,843,498, against $7,989,368,904, for the same week in 1944.
At this center there is a gain for the week ended Friday of 21.2%.
Our comparative
summary for the week follows:
$
Pennsylvania—Altoona
771,722
$3,759,406,991
694,406
Philadelphia
399,000,000
207,665,575
——
644,062
653,547
Philadelphia
Reading
J
San
596,152
597,688
+ 39.4
675,000
485,897
1.5
*500,000
—
—11.6
530,492
1,636,823
538,000,000
1,194,757
2,239,229-
1,583,495
1,354,118
1,531,684
569,000,000
+
6.5
597,000,000
1.781,483
1,726,581
+
3.2
-3,026,736
2,222,719
+ 36.2
1,522,958
2,497,719
1,549,387
+ 12.7
IIIIII
—111
Wilkes-Barre
;
1,162,655
1,746,515
1,731,321
3,731,900
3,514,000
+
6.2
1,587,350
1,533,771
4,354,000
621,482,263
582,991,375
+
6.6
607,308,878
3,990,031
+
7.7
7.2
3,326,610
90,519,055
192,309,454
"15,452,700
2,192,577
3,489,104
203,407,234
209,335,515
0.3
510,696,734
489,945,918
9.0
1,102,629
5.4
6,142,000
1,014,ID
7,094,000
68,006,003
Vork
New Jersey—Trenton
(10 cities)
1,743,145
0.7
—
1,837,1613
2,922,500
Fourth Federal Reserve District—Cleveland-
3.3
+
Ohio—Canton
104,756,605
199,543,572
15,574,100
18,186,200
Columbus
145,308,914
5.8
Mansfield—
118,100,000
4.2
Youngstown
187,923,000
5.0
+
III"""
HIIII"
2,665,935
3,734,394
225,623,064
243,206,833
567,851,128
144,742,027
151,127,966
4.2
Cleveland—
126,897,819
123,579,085
Baltimore—
102,908,495
$4,840,011,969
1,414,443,525
1,425,889,088
14.6
—
13,413,500
2,273,592
4,100,00(0
2.6
$5,512,631,274
6.6
+
—
3,020,489
94,£75,71k
163,327,lob
2.7
105,547,321
—14.4
565,934,675
Pennsylvania—Pittsburgh
6.1
+
*2,500,000
3,187,834
II—"I
;
+ 10.5
94,773,645
211,746,162
~~
Cleveland
0.4
—
4,297,428
Cincinnati
4.3
—
197,367,000
Francisco
$
606,000,000
-
Scranton
123,100,000
St. Louis
III"—"
—"II"
Lancaster.
153,723,970
City
Kansas
1942
$
+ 39.7
498,030
Chester
+ 21.2
303,101,476
382,000,000
—
$3,101,297,458
313,094,943
York——.Li
1943
%
1944
206,751,203
New
1
Dec. %
552,282
Bethlehem
Total
Chicago
$
Sept.
Inc. or
Third Federal Reserve. Distritt — philadeiphia—
Clearings—Return* by Telegraph
Week Ended Sept. 8—
Ended
1944
■
will be
1945
1945
v>.
;
■
of the country,
cities
for
■'
L.——
Ten
——
cities, five days
—«
—
—
five days
Other cities,
Total
+ 13,9
Federal
Reserve
1,305,288
$6,265,901,057
+
10.6
1,731,768,699
1,723,467,847
+
0.5
South
96,782,270
76,680,242
of
—
—
+
74,608,048
26.2
1,962,265
1,835,184
+
6.9
1,925,936
1,999,94*7
150,530,239
140,875,598
+
6.9
130,655,542
112,701,118
40,372,892
34,735,009
+
16.2
38,911,774
3(4^14,990
296,359,544
261,277,683
+10.9
253,345,929
225,530.17^3
Columbia—Washington-
8.4
+
$7,989,368,904
$8,658,843,498
5,717,000
Caroline—Charleston
Maryland—Baltimore
District
Total all cities for week
1,434,650
5,407,000
Richmond
$6,927,074,799
+
District—Richmond-
West Virginia—Huntington—.
Virginia—Norfolk
>
; m,
0.8
—
(7 Cities)
Fifth
Pittsburgh
Total
(6 cities).
Sixth
Federal
|j
ii
Hi;
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.
Accordingly, in the above the last, day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
Complete and exact details for the week covered by
increase of 5.7%, the aggregate of
for the whole country having amounted to $9,902,713,389 against $9,367,-
clearings
For that week there was an
1.
Sept.
ended
complete results for the Week previous—the week
able to give the final and
we are
the bank
according to the Federal Reserve
(including this city) the totals
show an improvement of 4.4%, in the Boston Reserve District of 6.5% and in the
Philadelphia Reserve District of 6.6%.
In the Cleveland Reserve District the totals
are larger by 0.3%, in the Richmond Reserve District by 10.9%; and in the Atlanta
Reserve District by 10.6%.
The Chicago Reserve District has to its credit a gain
of 3.7%, the St. Louis Reserve District of 7.6% and the Minneapolis Reserve District
of 5.1%.
In the Kansas City Reserve District the totals record an expansion of
16.6%, in the Dallas Reserve District of 29.0% and in the San Francisco Reserve
'
District of 8.7%.
9,986,899
32,344,117
27,209,972
99,800,000
33,062,210
+ 34.2
122,200,000
6,346,81
8,471,293
3.3
+
36,946,205
141,200,000
+ 15.5
—16.3
J.
119,800,000
2,516,369
1,543,431
+
3.7
2,246,937
1,607,851
•1,685.679
*1,600,000
Florida—Jacksonville
43,170,987
41,043,013
+
5.2
37,628,205
Alabama—Birmingham
58,250,164
51,199,956
+
13.8
34,596,321
30,563,50V
25,350,231
Augusta
2,106,752
Macon
Mobile
4,065,386
4,146,001
Mississippi—Vicksburg
172,680
219,979
78,359,289
Louisiana—New Orleans-
4,300,856
2.0
+
.1,650,000
4,396,313
—21.5
265,839
187,968
4.2
92,953,519
55,000,000
75,192,080
+
—•—+
—
Total
Districts in which they are located and
that in the New York District
r
10,318,395
Nashville
Georgia—Atlanta
week in 1944. Outside of this city there was a gain of 6.8%,
clearings at this center having recorded an increase of 4.8%.
We group
the cities
Tennessee—Knoxville
848,960 in the same
from this it appears
Reserve District—Atlanta—
(10 cities).
376,270,473
Seventh Federal Reserve
610,543
Rapids
Lansing
525,051
5,672,962
4,067,105
Grand
5,856,690
3,824,809
4,125,242
2,747,042
26,678,000
25,476,000
2,893,012
3,516,734
Indiana—Fort Wayne—
Indianapolis
Bend—
Terre
8,957,151
9,591,005
Wisconsin—Milwaukee
33,700,761
32,464,373
Iowa—Cedar Rapids—
1,666,929
14,365,433
1,746,758
Haute-
Moines—
Des
252,190,51
335,133,031
+10.6
District—Chicago—
Michigan—Ann Arbor
South
340,311,230
Sioux City
7,216,239
629,869
470,587,804
1,682,756
Illinois—Bloomington
Chicago—
,458,850
6.3
349,644
3.1
+
—
5,874,970
6,250,446
3,526,377
4)119,90?
1.4
—
v
+ 39.2
2.817,406
3,041,08$
4.7
26,968,000
—17.7
3,340,822
20,112,000
2,852,10
9,065,33
+
6.6
6,315,792
3.8
—
29,782.172
+
28,358.17
4.6
1,626,322
-1,682,30
14,041,207
+ 18.7
15,391,931
13(351,01
5,831,613
547,737
+ 23.7
6,296,236
453,709,303
—
+ 15.0
713,417
3.7
439,783,729
1,434,022
+
2.6
5;393,70
>t,v444,2l
401,885,906
1,461,606
•4,716,163
Week Ended
337,890,903
+
6.5
326,679,350
5,367,108,732
+
4.4
4,578,993,245
621,482,263
582,991,375
+
6.6
607,308,878
550,794,791
10
567,851,128
565,934,675
+
0.3
510,696,734
489,945,913
T
New
3d
Philadelphia
4th Cleveland
6th Atlanta
7th
Chicago
9th
+
3.7
554,155,501
253,423,136
+
7.6
244,555,992
+
5.1
210,637,377
317,707,659
272,517,472
+ 16.6
276,790,848
+
29.0
121,648,366
+
8.7
445,903,412
407,379,976
4
10
.....
6
164,190,719
Francisco——.—
10
503,954,126
463,728,552
We
+
5.7
8,465,848,663
6,816,659,560
4,164,991,911
+
6.8
4,045,310,979
$
2,841,920
2,907,502
289,708,416
—
,•—
—
-
1
4,582,906
Paul
3,841,488
163,359,243
151,501,507
48,582,860
:
Minneapolis
St.
45,699,705
3,452,026
.
North
Dakota—Fargo
Dakota—Aberdeen
2,832,823
59,543,566
47,750,000
0.2
35,643.426
1,069,000,
27,047,108
933,000
244,555,992,
210,730,lOt
+ 58.7
1ti
,
,
7.6
+
'•'.V
■
i'
,i
19.3
3,651,341
3,806,57
+
7.8
151,751,298
115,863,30
—
5.9
44,218,056
39,903,572
+ 21.9
2,858,664
3,153,1?1
1,144,643
1,366,594
+
1,578,068
+
18.5
1,553,426
1,620,422
+
2.6
1,295,726
4,550,158
4,019,723
+ 13.2
5,308,866
224,933,108
213,976,891
5.1
210,637,377
4.2
266,077
1,870,065
■-
1,662,910
Montana—Billings.
(7 cities)
+
17.3
806,456
261,211
2.3
3,527,157
4,500,430
6.2
277,094,508
277,461,404
—
+
794,722
+ 39.9
883.735
+
3.7
633,610
+ 14.6
1,202,668
1,083,889
+11.5
4,110,640
2,785,436
+ 10.8
2,670,085
13,547,835
14.4
14,124,376
15,194,234
+ 11.2
5,721,301
5,753,884
1.7
15,354,700
16,196,800
^ ' L—
6,106,233
5,491,274
Island—Providence
15,101,100
15,365,400
—
<
3,736,565
2,160,190
7,011,668
184,350,024
+ 73.0
317,707,659
(10 Cities)
-
4,966,796
338,079
763,349
272,517,472
2,386,909
2,270,947
+
10.5
5,439,004
5,180,652
+
1*7.6
183,969,797
158,279.593
+
26.5
5,454,456
+ 203.4
750,178
4,337,243
899,762
581,736
+16.6
921,059
276,790,848
+ 12.4
227,686,68k
+
—
Eleventh Federal Reserve District—Dallas—
592,120
+
24.4
668,893
337,890,903
+
6.5
326,679,350
Dallas
Fort Worth
3,011,000
1,640,861
4,982,520
Galveston
Wichita Falls
688,686
359,700,761
2,858,898
135,909,000
15,788,440
*
Texas—Austin
738,618
cities)
,3,769,409
51,751,485
2,391,599
15,499,879
i
Pueblo
3,931,087
4,471,669
73,279,778
+
975,301
4,367,877
.180.000
y>
16.2
+ 13.2
6,275,671
Colorado—Colorado Springs
Total
191,244
3,390,327
69,095,081
216,875,352
6,282,590
1,025,405
857,682
City
St. Joseph
446,454
+ 24.6
168,533
3,940,265
.
Missouri—Kansas
864,554
364,911
230,563
—
78,224,279
i
Omaha
750,805
3,087,043
Hampshire—Manchester
4,150,124
59,387,92b
169
i
211,395
202,573
Lincoln.
$
$
Dec. c/o
1,378,326
-
+
City—
Hastings
IS 42
1943
Inc. or
4,870,473
;
Connecticut—Hartford:
(12
+ 10.5
District—Minneapolis-
Nebraska—Fremont
378,399
'
Total
Reserve
Helena—
1,112,052
River
Worcester
New
253,423,136
Wichita
307,687,011
i
Haven...
(4 cities)
Ninth Federal
.
.
768,742
Springfield
New
Total
Kansas—Topeka
.
901,707
Massachusetts—Boston
Rhode
272,593,766
+
—
figures for each city for the
Ended Sept.
1944
^
»
New Bedford—
1,556,877
60,862,287
34,679,849
981,000
Tenth Federal Reserve District—Kansas
$
District—Boston
Lowell—
135,000,000
Total
detailed statement showing the
Maine—Bangor
Portland
148,300,000
156,900,000
3,408,514,460
Week
■
8.2
South
9,367,848,960
1945
First Federal Reserve-
513,325,527
Illinois—Quincy
Sept. 1 for four years:
Clearings at—
554,155,501
Minnesota— Duluth
4,448,572,862
T
add our
now
week ended
3.7
33,978,153
■l*w
9,902,713,389
I'll cities
i—
York City—
Outside New
Pall
-
137,243,622
Total
+
169,800,000
67,258,736
98,786,826
224,933,108
Uth Dallas
12th San
571,444,689
5,316,889
.
.
7
—
"" 592,471,222
(17 cities)
Kentucky—Louisville
227,686,683
272.,593,766
City
2,030,756
169,387,926
571,444,689
I
2,315,139
Tennessee—Memphis
210,730,103
213,976,891
17
592,471,222
—
-
2.5
0.2
513,325,527
340,311,230
——
+
Missouri—St. Louis
252,190,572
376,270,473,
...
Minneapolis
10th Kansas
335,133,031
10
Louis
8th St.
253,345,929
+10.6
296,359,544
-
——
2,101,706
1,732,436
225,530,178
+ 10.9
6
261,277,683
e--—
5th Richmond
2,302,633
1,775,410
Louis*—
Eighth Federal Reserve District—St, Louis*—
329,155,238
5,605,198,620
3.541,745,827
12
York
2d
cities
12.7
$
$
%
359,700,761
12
—
+
Total
Dec.
$
Districts
Reserve
Federal
1st Boston
—
2,044,529
1942
1943
Inc. or
1944
1945
Sept. 1—
5,848,981
2,304,569
Springfield
Districts:
CLEARINGS
SUMMARY OF BANK
+
5,837,870
Decatur—
.
furnish a summary by Federal Reserve
In the following we
Rockford-
'
1,639,988
Peoria—*
; i
329,155,238
Louisiana—Shreveport.
Total
164,190,719
(6 cities).
2,231,836
111,112,000
14,793,653
3,290,000
1,273,069
4,543,064
137,243,622
+ 28.1
2,281,441
2,530,128
+ 22.3
98,195,850
75,725,872
6.7
11,877,772
12,443,826
+
8.5
—
3,361,000
2,337,000
+ 28.9
1,160,261
1,250,000
9.7
4,772,042
4,500,000
+29.0
121,648,366
+
98,786,826
:v--'+y
Twelfth
Second Federal Reserve District—New York-
15,944,627
Binghamton—r-^———,
.
'
,
■/
-
Rochester
—
4.3
978,431
—
2.9
1,071,562
5,454,140,527
>
11,154,444
5]663,134
Syracuse.
Connecticut—Stamford-
360,339
Newark-
25,858,004
Northern New Jerseycities)
5,202,857,049
13,406,983
5,997,550
6,285,305
6,316,031
Jersey—Montclair.
(12
58,962,431
949,782
.
Jamestown
Total
+ 8.0
1,197,446
Elmira_
New
+ 2.6
1,372,248
56,432,000
Buffalo
New York:.
15,533,305
1,482,251
New York—Albany
1
25,640,01a
5,605,198,620
f
.
289,418
25,071,891
35,282,559
5,367,108,732
+11.7
+ 4.8
—14.8
— 5.6'
+ 1.4
+24.5
+ 3.1
—27.3
-TM
15,031,040
1,571,458
59,116,488
990,116
,725,107
4,420,537,784
11,049,409
5,349,528.
6,475,658
362,556
24,690,701
33,093,400
8,500,000
1,572,502
47,600,000
1,231,345
761,873
>
..
>-
jx -; v.
■
"
I
70,652,048
76.405,951
+ 11.6
2,180,960
+ 34.6
1,980,045
1,869,655
71,781,423
70,041,032
+
2.5
77,754,365
66,673,630
25,117,327
6,921,180
4,603,630
24,809,207
7,349,696
+
1.2
22,465,939
23,467,859
3,456,260
+
33.2
3,238,929
'2,677,152
292,391,000
266,367,000
+
9.8
243,929,000
226,377,000
8,063,037
7,092,126
+ 13.7
4,802,772
4,315,724
1,946,119
1,661,172
+ 17.2
1,750,469
1,152,009
*4,900,000
4,365,148
+ 12.3
3,986,558
4,022,927
Yakima
76,281,654
•
Oregon—Portland-
—
Utah—Salt Lake City——.
California—Long BeachSan
Francisco—
Santa Barbara—
"
6,515,648
401,717
22,844,310
29,592,829
-
;
2
Pasadena
3,408,145,100
9,580,503
5,000,000
V
^
85,294,469
2,935,941
Washington—Seattle
.
;
Stockton-———
Total
(10 cities).
Grand Total
(ill cities).
Outside New York—
—_
....
+ 10.6
9,713,681
407,379,
503,954,126
9,902,713,389
463,728,552
+
8.7
9,367,848,960
.+
5.7
8,465,848,663
6,816,659
4,448,572,862
4,164,991,911
.+
6.8
4,045,310,979
3,408,514,460
y
445,903,412
6,171,972
■-y-!'♦Estimated.
4,578,993,245 ' 3,541,745,827
t..
i
•)
■
X'i
Francisco—
Federal Reserve District—San
y*!it
V-VY
1206
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, September
%
Foreign Exchange Rates
Company and Issue—
Provincial
Rhebem
7'
■
Date
Light, Heat & Power Co., Ltd.
Theatres Corp.
1st mtge.
1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
i
Oct
l
Oct
i
Oct
l
—Oct
i
Oct
l
3Va%
-
•
Schenley Distillers Corp., 5Vi% preferred stock
Sioux City Stock Yards
Co., 1st mtge. 4s due
L
Southern
bonds
Natural
due
United Gas
Gas
Co.,
1st
mtge.
pipe
1951
line
—_—Oct
l
3s
due
I962__Oct
Manufacturers, Inc. 5% pfd. stk,__Oct
University of Illinois, 3 Vi%
Student-Faculty Union Bldg.
revenue bonds
Sept. 1
*
Argentina, peso—
$
S
Oct
Official
.297733*
Free
1
Oct
l
Nov
l
Walworth Co.
.297733*
.251247*
Australia, pound-
.297733*
.297733*
,251247*
.251247*
3.208186
3.207490
.251247*
3.207123
1st
mtge. 4s. due
1955_—,4—
Windsor Gas Co., Ltd. 1st & rel.
mtge. 5s due 1966
.297733*
.251247*
3.207156
883
l
l
United Merchants &
Aug. 31
116
813
3'/4%
1956—"
Corp., 1st mtge. & collat. trust
Page
5s,_Scp
1st
mtge. 5s__
Safeway Stores, Inc. 5% preferred stock
Saint Paul Union Depot Co. 1st &
ref. mtge.
bonds, series B, due 1971
Pursuant to the requirements of Section 522 of the Tariff Act of
10. 1945
3.207123
ENTIRE ISSUES CALLED
Brazil. cruzeiro—
1030
•4
884
611
'
'
Official
.060602*
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
Company and Issue—
.060602*
Free
.051802*
.051802*
.909090
.909090
.909090
.909090
.909090
.902500
.902500
.902109
.901875
.900625
Canada, dollar—
Date
Allied
Products Corp., Class A convertible
stock__.
—Oct
I. G. Chemical Corp., 5V2%
debs, due 1949__Nov
American Telephone & Teleg. Co. 31/4
% debs, due
1961_Oct
Arizona Power Corp. 1st & ref.
mtge. 5s & 4Vis
due
1950-■
Oct
Atchison, Topeka & Santa Fe Ry.—
4% convertible bonds due 1955
^_Dec
Convertible bonds due 1960
Dec
Atlanta, Birmingham & Coast RR. 5% pfd.
Colombia, peso
569800*
England, pound sterling
France, franc
India (British), rupee
Mexico, peso
Newfoundland, dollar—
569800*
4.026250
.569800*
4.025937
.020189
.020189
.301215
.569800*
4.025000
4.024687
.020189
301215
.205780
;569800*
4.025000
.020189
.020189
.301215
Holiday
.301215
.301215
-
.205780
.205780
,
.205780
.205780
Bausch
Official
.909090
.909090
.909090
& Lomb
.909090
.909090
California
Cincinnati
.900000
.900000
.899375
.899375
New Zealand, pound
.898125
3.221000
3.220333
3.220000
3.220000
8.220300
1st
Union of South Africa, pound
4.005000
4.005000
4,005000
4.005000
4.005000
Water Service
1st
Uruguay, peso—
Controlled
.6583G0*
.658300*
Noncontrolled
>
.561250*
.561250*
Optical Co.,
1st
preferred stock
mtge. 4s,
Street
ser.
.658300*
562
2
1
347
l
130
*46
451
__Sep 17
B______Nov
779
6
Ry.—
bonds, series B, due 1955
—t
:_Oct
1
bonds, series A, due 1952—
Oct 15
Electric Corp.,
25-yr. 5% debenture
mtge. 6%
.561250*
.561250*
bonds
.658300*
.561250*
due
1952
Oil
Corp.,
———Oct
31/2 %
debentures
15-yr.
1
——-Oct
Consolidated
due
•Nominal rate.
3
1
tmge. 5(4%
Columbia Gas &
.658300*
Holiday
977
1
stock.—Jan. 1,
conv.
Co.
Page
l
American
\ Official-
1
981
conv.
1951
Cuban Telep. Co. 5% 1st
mtge. conv. bonds due
1951—Jan
Eastern Gas & Fuel
Associates, 1st mtge. & collat. trust
780
l,1 46
7
4%
Statement of Condition of the 12 Federal
Reserve Banks Combined
member banks follows:
thousands of dollars)
(In
;
District, $28,000,000 in the Kansas City District, and
$217,000,000 at all reporting member banks.
A summary of the assets and liabilities of
reporting
(In millions of dollars)
Sept. 5,
Aug. 29,
1945
certificates on hand
due from U. S. Treasury
and
—
1,500
681,978
—
—
6,619
—1,047,050
5,119
17,919,793
reserves
Other cash
208,800
376,519
Discounts and advances
+
229,040
Loans and investments—total.
Industrial loans
—
—
3,006
31,493
—
65,720
19
+
52,492
+
Loans
i
13.101,857
6,568,561
Certificates
—
to
brokers
and
29,782
+
2,795,892'
+184,050
+
711,579
—137,050
—
289,034
for
22,435,260
—
Total loans and securities—
22,814,785
Due from foreign banks.
77,718
+
+
12,017
110
F. R. notes of other banks
Bank premises
Other assets
-
—
+
2,691
28,169
31
—
62,239
Total assets
+
6,669,847
26
—
95,883
1.686,588
33,877
Uncollected items
+6,405,008
—
42,822,075
4,495
14,857
+
+
22,296
+
107,084
651
—
3,225
—
+5,924,823
U. S. Government
Liabilities-
Federal Reserve notes
23,939,051
+133,868
+4,074,272
15,180,326
+
+
Deposits:
Member bank—reserve acct.
U. S. Treasurer—gen. acctForeign
304,350
—
1,135.118
Other
—
393,715
—
109,965
93,127
32,833
15,8G6
—
—
+
1,959,184
49,662
268,970
29,477
17,013,509
—
1,309,898
—
21,801
+
1,670,029
88,870
+
93,823
+
+
46
42,272,397
+
13,243
171.844
10
+
27.165
+
12,304
+
228,153
Other capital accounts
+
42,822,075
+
1,604
res. to deposit &
F. R. note liabilities combined
,
to
make
77
_■—j.
—
U. S. bonds
14,857
+5,924,823
.1%
9.4%
4,844
118
913
Reserve with Federal Reserve Banks
Cash in vault
The condition statement of
weekly reporting member
banks of the Federal Reserve
System in 101 leading cit¬
ies shows the
following principal changes for the week
ended Aug. 29: An increase of
$553,000,000 in demand
deposits
adjusted
and
a
decrease
of
$505,000,000
declined $70,000,000 in New York
City, $16,000,000 in the Chicago District, anci
$107,000,000 at all
reporting member banks.
Holdings of Treasury bills increased $61,000,000 in
purpose
New York City, $30,000,000 in the
Chicago District, and
$43,000,000 at all reporting member banks, and declined
$42,000,000 in the San Francisco District and $21,000,000
in the Boston District.
Holdings of Treasury certificates
of indebtedness declined
$68,000,000 in New York
City
$81,000,000 at all reporting member banks.
of United States Government bonds
in New York City and increased in
Holdings
declined $54,000,000
most
of
the
other
$30,000,000.
clined
in
United
all
District.
States
Time
deposits increased
Government deposits de¬
—
credited
to
domestic
banks
declined
374
-
+
979
+
30
+
12
71
+
133
—
+ 553
+
3,043
30
+
1,890
38,140
8,964
II,783
—505
+
637
—217
+
1,140
+
+
3
+
196
385
+
40
+
332
deposit accounts except
U.
S.
Gov't
accounts,
Co.,
3%%
bonds due
1st
those
called
6%
5s
due
preferred
due
due
1964
3MiS
due
1972
Heller
redemption,
sinking fund provisions.
TENDER
v
Falls
&
Hotel
Co.
Sep 20
preferred stock
4Va % 2nd mtge. bonds
PARTIAL
Company and Issue—
Sep 27
Sep 10
•
Date
Sep
Page
1
15
:
Sep 24
PA
and
NJ
132
B
Oct
1
1
Oct
Electric
1
Oct
•
1962
due
Electric
1967
Light Co.
Houston
3%
Natural
debs,
due
ser.
Lincoln-Boyle Ice Co. 1st mtge. 6s, series A___
Litchfield & Madison Ry., 1st
mtge. 5s due 1959
1st
Co., $3
gen.
mtge.
(Oscar)
&
Co., Inc.
670
1
983
10
672
1
1st
and
&
1
989
ds, dtie 1950_Oct
1
J313
preferred
stock
St.
15
784
1
395
817
preferred stocks!
Co. 6% preferred stock
Mfg. Co. of Illinois, 7% preferred stock
Oil
Louis
Car
Co.
989
1951—-Sep 20
——!_Sep 24
2nd
—
Pure
Oct
881
1
Nov
1
395
992
1st
mtge. bonds_
—Oct 31
Schuyler Hudson Corp., 4% 1st
mtge. bonds due 1947__Sep 15
Socony-Vacuum Oil Co., Inc., 2%%
debs, due 1955
Nov
Southern Bell Tel. &
Teleg. Co. 3V4% debs, due 1962—Oct
Southern
1966
New
and
England
1968
Telephone
Co.
3(4%
de^s.
1st
mtge.
4s,
A,
ser.
716
1
1029
1
Oct
Water Co.
500
608
due
—
Springfield City
1
due
—
Pacific Ry.
B
and
Oct
&
gen.
ref.
5%
1
Oct
mtge.
C
1
bonds,
1
6V2S),
due
Sep
610
Fuel
ser.
1955
Youngstown Sheet
&
Tube
1st
Co.
mtge.
5s
Sep
1
Oct
924
15
1
(originally
preferred stock
•Announcement in this Issue,
819
1
Nov
Light Co.
due 1948
53
1030
4%
!
&
A,
610
J2490
15
Oct
*
Hospital Association, class A
mtge.
bonds
Wisconsin
t In Volume
611
161.
DIVIDENDS
first
we
are
grouped in two separate tables.
In the
bring together all the dividends announced the
week.
Then we follow with a second table in
which we show the
dividends previously announced, but
which have not
yet been paid.
Further details and rec¬
ord of past dividend
payments in many cases are given
under the
company name in our "General Corporation
and Investment
News Department" in the week when
declared.:
The dividends
announced this week
Oct
St.
5Vis due
Louis
Per
Name of Company
(J.
Ahlberg
D.)
Bearing
Allen
Electric
Aluminum Co.
&
RR.
Press
a
B
355
461
Aluminum
Boston Elevated
Bridgeport
British
Oct
Gas
Columbia
Bulova Watch
9-29
25c
10-15
9-29
50c
10-
1
9-13
$1.50
(quar.)
10-
1
9-13
9-26
com.
——.—
1
9-18
9-15
9-
1
40c
10-
1
9-15
10-
1
9-15
9-29
9-21
!;
'
25c
'
9-29
(quar.)—
(initial)-
35c
37 (4
c
12 (4 c
9-20
1
9-15
10- rl
9-10
10-
75c
t40c
9-21
1
10-
$1.12(4
$1.25
——
A
/: 10-
37V2c
(quar.)—
Brass
class
5
9-18
!:'20c
"
——
Co., Inc.. new com.
Burd Piston
Ring Co. (quar.)
9-
1
$1.37V2
common——
Corp
Ry. Co. (quar.)
Light—"
9-17
L. 10-
35C
———^
(quar.)_
4%% preferred
9-21
18c
<quar^__—
(quar.)___—
Power
9-24
9-14
11-30
9-10
&
3
9-20
1
75c
Inc.,
10-
12-15
10-
$1.50
.
25c
Laughlin,
Bohn
1
$3.37
preferred
5%
preferred
Bobbs-Merrill Co.
if,
11-
10-15
preferred,—
(irreg.)—
987
&
9-20
$1.12 s/2
Axelson
Manufacturing Co
Bastian-Blessing Co., common (quar.V
$5.50
9-20
1
_^!^—_—
(quar.)————
Co.
Axe-Houghton Fund, Inc.,
Class
1
10-
$1.12 y2
common
preferred (quar.)
Arizona Power $6
non-cum.
Atlantic
Sugar
Co.
9-15
10-
2»/2C
(quar.)
Co.,
6%
of Bee.
9-29
$$1.25
')'■ ' 25c
(quar.)
Hoe, commoh
4Vi7c
preference
American Snuff
Holdert
8%c
(quar.)——.
Express Co.
Fork &
Payable
20c
Equipment
American
987
gen.
A
(quar.)
American Alliance Insur. (N.
Y.) (quar.)—
American European
Securities Co.—
$4.50 preferred B (initial
quar.)—
-Oct
1956—Oct
class
Co.
(quar.)
of America 5%
pfd. (quar.)_
Bliss
Oct
Co.
When
Share
Manufacturing
,
570
are:
Industrial and Miscellaneous
Companie*
Atlas
Nov
1st mtge. bonds due l956_Oct
3Vi% debs, due 1958
Oct
Pittsburgh, Cincinnati, Chicago
mtge. 3%s, ser. E, due 1975
1
Oct
——
—Nov
3% debentures due 1963
Light Co. 1st mtge. 3s due 1974
Co., Ltd.
988
Oct
-
.
non-cumul.
scrip
American
5
Oct
(P.) Co., 20-yr.
Electric
982
Oct
Corp., 1st mtge. 4s
Hygrade Food Products Corp. 1st & ref. mtge. conv.
6% bonds, series A and series B, due
1949——
Maritime
668
982
A,
______—
Gas
Power &
132
Oct
1967
Telegraph Co. 1st mtge. 3 Vis,
—:———_—
132
Sep
& Die Corp., $6 pfd. stock
Home Telephone &
989
Sep
Portland Gen. Elec. Co. 1st &
ref. mtge. 4(4s
due-1960_Oct
Pressed Steel Car
Co., Inc., 5% debentures due
Adams
1
Auto-Lite Co., 2 V*%
debentures due 1950
Sep
Electric Power & Light
Corp., 5% debentures due 2030i_0ct
Hartford
1
1st preferred stock
Utilities
876
Oct
—
A
Duluth, Missabe & Iron Range Ry. 1st mtge. 3Vis
Greenfield Tap
988
series 193I„Oct
mtge: 4 (4s, ser. B
Toledo St. Louis & West.
RR., 1st mtge.
NY
779
s.f.
1956
2
980
Sep
mtge. 3 (4% bonds,
1st & gen.
—Oct
gold bonds, series C
;—Oct
1
Collins & Aikman Corp., 5% conv.
pfd. stock—
^..Nov 10
Curtis Publishing Co.,
15-yr. 3% debentures due 1955^__Oct
1
Distribution Terminal Warehouse
Co., 5% mtge. bonds
due
677
345
i
Union Terminals Co.—
r,
1st mtge. 5V2% s.f. gold
bonds, series
1st mtge. 5%
s.f. gold bonds, series
due
570
15
Cleveland
1st mtge. 4Vi%
134
REDEMPTION
Allied Stores Corp. 5%
preferred stock
Birmingham Electric Co., 1st mtge. 3s due 1974
Brooklyn Union Gas Co., gen. mtge. 3Vis due 1969
Central Maine Power
Co.,
series H, due 1966
1
Oct
—
Newberry (J. J.) Co;, series "A*' 5%
preferred stocks—Sep 24
New York, Chicago & St, Louis
RR.r-
current
mtge. series M
5¥2%
Corp.,
988
Oct
1960
;——-———
Nashua Mfg. Co.,
Dividends
Page
:
(Walter E.)
Niagara
988
stock,
Utilities," Ltd,
461
1
Sep 28
:
stock
Nanaimo-Duncan
783
mtge. 5% bonds, series D
-Dec
1
Light Co.—
6% gold debenture
bonds, series A, due
2022——July 1, '47
Tilo Roofing
Co., Inc., $1.40 preferred stock
Sep 15
United States Leather
Co., 7% prior preference stock—Oct
1
United Steel
Corp., Ltd., 1st mtge. 5s
bonds, notes,
!_Sep 21
Georgia, Southern & Florida Ry., 5% debs, dated 1924__Oct
1
$
Public Service Co.—
—
serial
Date
460
'460
,
General & ref.
Texas Power &
Company and Issue—
1
•
1965
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Cassco Corp. 1st mtge. 6% bonds.
Central Maine Power Co. 1st &
gen.
Oct
1946—___
1959
1st mtge. bonds, 4Vs:% sereis
due
Morris Plan Corp. of America
pfd.
series
The date indicates the redemption or last date for
mak¬
OF
due
bonds—Oct
Penn
debentures
Texas &
stocks
under
E,
ser.
—
list of corporate
called for
a
common
672
782
1
Sep 30
Sep 30
.
-
12,855
and
Sep 24
Sep 17
I960—-.——.——Jan. i; *46
mtge.
debentures
Monongahela West
1956
figures revised (Chicago District)
preferred
457
Sep 15
Merchants Ice & Cold
Storage Co. 1st mtge. 6(4s_L____Oct- 1
Mexican Utilities
Co., 7-yr. 7% collateral trust
589
+
~71
1,077
and
4%
Upson Co. 7% preferred stock
West Suburban
Mayer
$77,-
GCOjQCO in New York City, $39,000,000 in the Chicago
—
*
+
1
demand
Maritime Elec. Co., Ltd. 4Vi%
districts.
*
Deposits
5,716
Redemption Galls and Sinking Fund
Louisiana
Francisco
4
—
2,229
during week
*Aug. 22
Lorillard
San
+
9,655
Foreign banks
Borrowings
in
•
the
+2,044
15*
—
11
Domestic banks
districts; the net decrease at all reporting member banks
$15,000,000.
Demand deposits adjusted increased in all
districts,
the principal increases being $222,000,000 in New York
City, $107,000,000 in the Chicago District, and $63,000,000
was
Mengel
Reliance
in
United States Government deposits.
Commercial, industrial, and agricultural loans in¬
creased $34,000,000.
Loans to brokers and dealers for
purchasing or carrying United States Government obli¬
gations increased $58,000,000; other loans for the same
and
30*
—
(>
Interbank deposits:
to
861
—
-
586
Time deposits:
.
U. S. Government deposits
Debits
81*
3.334
Balances with domestic banks
Liabilities—
160
—1,614
10,010
——j
NOTICES
Condition Statement of Member Banks
Unified mtge.
23
+
43
+
—
25,253
Obligations guaranteed by U. S. Government
Other securities.
+
5
—
10,196
9,448
——:
6
32,974
indus-
trial loans
13
—
1,468
I,463s
Treasury bills—
l
Treasury certificates of indebtedness
Treasury notes
±
including
43.8%
—
_
200
+
Ratio of gold
Commitments
56
1.058
Below will be found
Total liabilities & cap. acctS—
682
+
40,056
+
122,616
+
14
—
1
preferred stock—Oct
mtge. 3%s,
2003
7%
394
+5,839,289
*
Capital Accounts—
Capital paid in
Burplus (Section 7)
Burplus (Section 13b)—
due
224
1,165
9,839
i;Total liabilities
646
+
—
1,599
t
Real estate loans—
interbank
I Total deposits
Deferred availability items
Dther liabs., incl. accrd. divs—
+
7
—107
820
obligations—»
Demand deposits-adjusted
'
2
—
58
+
1,443
—.—
cumulative
6(4%
prior preferred stock
7%
preferred
stock
Louisville & Nashville RR. 1st &
ref.
+1,776
34
+
133
353
—Oct
"A" stock.
convertible debentures
Guantanamo Sugar Co. $8
(R.) & Co., Inc.—,
568
1
——
47
—
1
1
Oct
Advertising Co. class
Hoe
6,846
j
Other loans.
(incl. guar, sec.)—
+
pur-*
obligations
Other securities;
Outdoor
Manila Suburban Rys.
Loans to banks—
Total U. S. Govt, securities
Oct
Other loans for purchasing or carrying:
3,186,571
+
60,500
12,841
5,982
dealers
*
U. S. Government
7,050
+
1,787,450
977,392
i
$
agricultural
<
chasing or carrying:
271,889
—
and
Other securities
-Bills
1944
—134
62,546
—-
!—-
industrial,
loans
818,010
—
,
Loans—total
D. 8. Govt, securities:
( Notes
1945
$
Commercial,
1?■. Total
Aug. 30,
1945
1944
Assets-
17,237,815
Redemption fund—F. R. notes—
Aug. 29,
Sept. 6
1945
6s
preferred stock
Increase (+) or
Decrease (—) Since
-
conv.
781
1948
General Phoenix Corp., 5%
Grant (W. T.) Co., 5%
(—) Since
Gold
due
Sep 17
Empire Steel Corp., 1st mtge. 6% conv.
bonds, due 1948_Oct
Fuller Brush Co. $7
preferred stock
General
.
Increase ( + ) or Decrease
Assets—
bonds, series A, due 1956_
Empire Sheet & Tin Plate Co. 1st mtge.
:
/9-29
9-14
10-15
9-29
10-~"
9-18
9-10
1
9-20
ot Company
No me
10-
$1.50
preferred (quar.)..
Tcrmi»al Co. 6%
Bosh
9-
40c
$1.1834
$1.50
Koppers
4%%
5
9-15
$$1.25
lot Rep.
25c
gffn
KneseSCo°rp.
prefel'1'e{^:^(Quar.)
1st
$4 75
(quar.)
Soya Co., Inc.
rontral
iKtral
1
9-21
Common
9-30
9-17
$1
9-17
Le
$1.75
10-
1
9-17
Lion
„
75c
9-11
9-29
62 Vic
9-
9-10
10-
1
9-15
50c
10-
1
9-17
62 Vic
10-
1
9-17
9-15
Manufacturers Trust Co. (N. Y.)
Margay
Oil Corp.
1
9-28
Mascot
Oil
$1.75
10-
1
9-20
Matson
$1.50
10-
1
9-20
McColl-Frontenac
9-21
9-11
McLouth
9-10
8-31
Medford
50c
9-29
9-10
$1.06%
9-29
9-10
Eversharp,
9-
3
9-29
9-15
5%
10-
1
9-14
43 %c
10-
1
9-14
5Va%
Modine
$$2
10-
1
9-15
$1.90
10-
1
Foremost Dairies,
Extra
9-20
Morris
1
9-29
9-15
Murray
1
9-20
National
87 Vic
10-
1
9-16
National
25c
Telephone' Corp.,
Tire
&
Rubber
10-
I
9-20
North
10-
1
9-20
9-30
9-10
North
9-13
Nova
3
5
Novadel-Agene
10-15
10-
5
Ohio
1
9-26
25c
10-25
10-17
$1.18%
10-25
10-17
«...
50c
10-
1
10-
r
10-
1
9-15
10-
1
9-15
9-10
9-15
Petroleum
J- 5
Bxtra—
5c
9-15
—
9-15
9-29
9-15
9-29
9-15
'
9-14
9-27
9-14
10-
1
9-15
25c
10-
1
9-17
Reed
$1.06 »/4
10-
9-20
1
9-20
67c
10-
■
40c
62 Vic
"
common—
1—.
9-15
Reed-Prentice
Reliance
9-29
9-19
10-
1
9-18
$1.12Va
10-
1
9-18
$1.50
10-
1
9-15
;
Oil
Corp.,
class
A (quar.)—
u
——
Hoskips
Houston
Natural
Corp.,
(quar.)^
convertible
Howard Stores
(quar.)—
preferred (quar.)——
5(4%
C°mmercial
Tobacco
Ireland,
Ltd.
Co.
Amer.
of
Great
1
10-
dep.
rets,
for
Indiana &
9-12
Safeway
9-18
25c
10-
1
9-20
9-15
9-
3
9-15
9-
3
31V4C
10-
1
9-20
$1.75
10-
1
9-20
$1.47
9-30
$4.22 V2
9-30
—
9-26
9-11
9-28
9-14
9-28
9-14
9-29
9-19
9-29
9-19
1
9-10
•
20c
5c
37 Vac
$1.31%
Michigan Electric Co.—
$1.03 Vs
Quarterly
"
vestment
Corp. of Philadelphia
Electric Co
7-31
10-
1010-
Co.—
(quar.)—
—
South West Pennsylvania Pipe Lines
Southern California Edison Co., Ltd—
5% original preferred (quar.)
—
572% preferred C (quar.)
Sprague Electric Co._.
1
1
9-17
9-17
$3
9-29
9-21
10-
1
9-10
1
9-15
State
Stayton
$1.50
10-
1
9-15
10-
1
9-12
75c
9-15
9-
1
(L. S.) Co
Street Invest.
(quar.)
ExtraCu5todian Pund Series B-4 (s-a)
S-l"(iIa)HIIIIII
—
9-15
1
9-10
10-
1
9-10
Sun
$1.75
pfd.
9-29
10-
$1.50
5%
(quar.)
Oil (quar.)_4—
Stedman Brothers 6% pfd. (quar.)
Stix. Baer & Fuller 7% pfd. (quar.)
Struthers
Wells Corp
—a—
$1.3772
(quar.)
—
Corp (Boston)
10-
1
9-10
Taggart
$1.25
10-
1
9-15
'
50c
,,
8-31
36c
9-15
99c
9-15
8-31
42c
9-15
8-31
18c
9-15
8-31
'
Extra
Oil
Co.
(quar.)
(stock
dividend)
—
Corp.- $2.50 preferred
(quar.)
Tamblyn (G.) Ltd. common (quar.)—
Preferred (quar.) —
Z
Stove Co.
Coal Co. $6
Timken-Detroit Axle
Tappan
Temple
—
preferred (quar.)—
Co
9 -17:
10-
1
9-
9-29
8-31
10-
1
9-11
10-
1
9-14
9-29
9-17
10-10
9-24
9-15
8-31
10-
1
9-10
10-
1
9-14
10-
1
9-17
9-24
45c
7 Vic
8%c
25c
30c
9-24
20c
50c
$2.25
50c
25c
15c
75c
43%c
25c
317tc
10%
6272C
$20c
$627*0
25c
25c
50c
9-
8
9-29
9-
8
9-15
9-
1
9-5
8-25
10-15
11-
1
10-15
9-10
8-31
9-10
8-31
1
9-20
10-
1
9-20
10-
1
6%
10-
1
10-
1
9-15
10-
1
9-15
;
American
9-28
9-
7
American Bank
10-
1
3
1
9-20
10-
1
1110-
1
9-22
10-
1
9-22
9-29
9-15
9-29
9-8
9-15
10-
1
9-15
10-
1
9-15
9-28
9-12
1
9-18
10-
1
9-18
10-
1
9-
8
10-
1
9-
8
10-
1
9-18
:
9-15
8-31
1
9-15
9-15
9-10
9-14
9-
8
1
9-
7
10-
10-
preferred (quar.)
Export Lines, Inc. (quar.)
American Factors, Ltd. (irregular)
American & Foreign Pr. 6% pfd. (accum.)
9-15
11-
1
10-10
10-
1
9-12
99-
1
10-1
1
1
127*c
10-15
9-13
50c
40c
$1.50
$1.75
preferred
American
(s-a)-_
Machinery
Co., common
—
Locomotive
9-20
8-30
American
9-29
9-17
American Machine
1
9-29
American
Meter
American
News
7%
preferred (quar.)
Machine & Foundry
& Metals
25c
5c
50c
35c
10- 1
10- 1
9-10
10- 1
10- 1
9-11
20c
25c
9-29
9-20
10-15
9-29
10-
9
9-17
10-
1
9-20
American Radiator
10-
1
9-15
9-20
9-10
American
9-10
4>/2%
9-20
11-23
1
9- 8
10-
1
9-7
10-
1
9-
10-
7
Go,
Co.
—
Rolling Mill Co., common
convertible preferred (quar.)
American Seal-Kap Corp. of Delaware
•
American Stamping
American States
Co.
...
Insurance
Steel
10c
20c
$1.12V5*
15c
12 Vic
30c
Foundries
(quar.),
Co.
9- 5
American Stores
9-25
9-10
American
9-20
9-10
American Sumatra Tobacco
9-15
9- 5
9-14 1
9- 1
8-30
8-31
>
9-29
8-31
9- 1*
9- 6*
9- 6*"
8-28
9-10
8-28
9-15
9-15
10- 1
9-15
12-15
9- 5
9-15
9- 5
9-20
12- 5
8-31
9-29
9-15
10-15
10-19
8-24
8-15
9-14
9-14
Sugar Refining,
9-15
9-30
(Indianapolis)—
Quarterly
American
,
& Standard Sanitary—
Common
5
9-4
8-20
9-20
9-20
9-12
—50c
(bi-monthly)—...
35c
American Optical Co.
(quar.)
40c
American Paper Goods, 7% pfd. (quar.)
$1.75
7% preferred (quar.)
$1.75
American Public Serv. Co., 7% pfd. (accum.)
$1.75
11-
8-31
8-16
;
10-1
9-14
75c
-—
9-15
9-20
'',8-17
;
9-15
25c
75c
Extra
10-15
12-15
9- 1
9-15
9- 1
8-31
8-17
9-11
25c
American-Hawaiian
American Laundry
11-15
9- 4
, ,
9-15
9-11
$1.75
(quar.)
(quar.) —
SS. Co
American Hide & Leather Co.—
6% convertible preferred (quar.)
American Insurance (Newark, N. J.)
(Houston, Texas)
American Hardware
9-20'
1
9-10
8-31
9-4
9-15
20c
25c
:
10- 1
10- 1
&
&
10-15
10-
9- 5
9- 1
9- 1
1,1 9-15
<
;
10- 1
9-15
10- 1
10- 1
68%c
$1.50
$1.50
9-15'
10-
9- 5
9-15
9-15
9-15
9-29
12Vfec
9-20
10-
_
(accum.)
8-20
9-10
9-14*
8-22
9-14
9-15
. 9-13
9-13
/ % 9-29
9- 1
9- 7*
9- 7*
9-15*
9-21*
• 9-21*
10-1
10- 1
9-8
10-
9-15
$1.18%
8;
10-
10- 1
$1.25
$t
$1.25
$1.50
(quar.)-.—.-.——i—-.
American Hair & Felt Co. common.6%
1st preferred (quar.)
$6 2nd preferred (quar.)
American General Insurance Co.
8
9-
$1.75
$3
9-15
10- 1
10- 1
10- 1
10- 2
75c
9-11
9-15
9-15
8
9-29
20c
20c
25c
40c
Gas
4%%
1
10-1
10- 1
, 9-27
9-27
10-15
Hoe Co., common
Electric, common (quar.)_
Fork
American
10-
9-29
preferred
American
9-14
75c
5c
30c
80c
20C
$1.25
5%
American
9-21
9-10
10- 1
10- 1
9-15
$1.25
Common
$7
8-15
50c
common
(quar.)
American Chicle Co. (quar.)
American Cigarette & Cigar, common
6% preferred (quar.)
—
American Cities Power & Light Corp.—
$2.75 Class A (opt. div. series) of 19361
Cash or l/16th share of Class B stock
American Colortype Co
—
American Cyanamid Co., common (quar.)—
5%
preference
(quar.)
American District Telegraph Co.
(N. J.)—
preferred
5%
9-29
& Cable Co.,
Chain
American
1
10-
—.
(quar,)
preferred
7%
10-20
9- 7*
$1.75
common
preferred (quar.)_.
American Can Co., 7% preferred (quar.)
American Car & Foundry common litreg.)—
9-15
9-
Note Co.,
6%
9-15
9-14
11-
(quar.)
(St. Louis)
Automobile Insurance
5
1
(accum.)
Extra
American Asphalt Roof Corp.
9-
j
10-1
10- 1
9*28
9-10
-
20c
15c
Agricultural Chemical (quar.)
9-15
10-
$3
America, common (quar.)_
(quar.)
preferred
American
9-15
$1.50
$1.25
25o
50c
$1.50
Mfg. common..Aluminum Industries, Inc. (quar.)
Amalgamated Leather 6% conv. pfd.
Amalgamated Sugar (quar.)
9-20
'
8-31
10- 1 iv: 9-15
10- 1 -"9- 7
10- 1 ; 9- 7
11- 1
10-11
10- 1 F 9- 8
9-29 v 9- 7
9-20
9- 7
10- 1
9-13
40c
Aluminum Goods
9-17
9-24
10- 1
$1.75
"
Cement
Aluminum Co. of
>
9- 1
common
Manufacturing Co.,
Alpha Portland
10-
9-15
$1.50
15c
43 %c
50c
40c
Allis-Chalmers
3
9-
10- 1
9-4
10- 1 is; 9- 4
9-30
9-22
. .
Corp. (quar.)
Allied
Laboratories, Inc
Allied Products Corp., class A
:
Common
(quar.)
9-12
:&■■■$■■
$$1.75
Dye
&
-
8^22
9-14
9-14
75c,
Allied Chemical
9-30
1
8-20
9-12
9-25 1
10- 1
25c
627ac
30c
$1.25
$5 preferred
10-
9-15
V
40c
127*0
377*c
$7 preferred (quar.)—
(quar.)
(quar)
—
Alabama & Vicksburg Ry. Co. (s-a)
Allegheny Ludlum Steel Corp
:
8
9-15
$$1.25
preferred
$6
9-
»10-* 1.
Power Co.,
Alabama
9-15
1
10-15
(quar.)
Y.)
9- 6
9- 6
$1
preferred
N.
9-29
20c
20c
$15c
$$1.75
$15c
$$1.75
$1.25
$1.25
8
10-
30c
25c
9-
of Rec.
9-29
9-29
r
(quar.)
:—
Acadia-Atlantic Sugar Refining—
$5 preferred (initial quar.)
Acme Steel (increased quar.)
Advance
Aluminum Castings
Aero Supply Mfg. Co. class A (quar.)
Aetna Ball & Roller Bearing Co.—
5% convertible preferred (quar.)
Aetna Casualty & Security Co
Aetna Life Insurance Co. (quar.)
Aetna Standard Engineering, 5% pfd. (quar.)
Agnew-Surpass Shoe Stores, 7% pfd. (quar.)
Agricultural Insurance Co. (Watertown,
8-31
9-15
Holderi
Payable
40c
15c
(quar.)
common
Extra
4%
9-15
Laboratories,
'
Abbott
8
9-15
f
When
Share
Name of Comvany
9-22
1272c
—
$1.25 preferred
9-10
Companies
and Miscellaneous
Per
1
Fruit &
Starrett
10-
25c
*
1
$1.25
Steamship Corp.—
participating preferred (accum.)
Standard
i
U
announced In previoua
8
3772c
—34%c
—
we
Industrial
9-
6272c
$5
Square D Co. common
5% conv. preferred (quar.)
45c
—
_
Co.
7
-
.
Power
9-
pfd. A (quar.)-——
preferred
$$1.75
(quar,)—
Power & Light Co.—
(quar.)—
(quar..)
1
Rayon 5%
(quar.)—
5%'prior preferred (quar.)
South Carolina Electric & Gas
.5%-
8-31
$1
(quar.)
.
Extra
00
9-20
Co._*
Telephone $6 preferred
Investment Co.
of
America
Electric
1
9-30
•
TnSna^onal Power 7% 1st pfd. (accum.)
Shoe
International
preferred
9-15
10- 1
International Minerals" &"chemi"cai—'"""
4%, preferred (quar,J
;6%; preferred
co
37VaC
I
w"—;
preferred
1
preferred (quar)
Simon (H.) & Sons, Ltd. common
7%' preferred
(quar.)
7%
9-15
9-10
The list does not include divi¬
announced this week, these being given in the
9-15
10-
Inc. common
Sherwin-Williams Co. of Canada, Ltd.-Common
(irtterim) _——-——-
Skenandoa
37VaC
w
JeEsey Central
10-
2%c
-
—
—
Extra
10-
$1.31 %
institutional Securities
International Cellucotton Products Co.—
Series
,
.
anapolis Power & Light Co.—
preferred .(quar.)__
1
(quar.)—
St. Regis Paper Co. 5% 2nd pfd. (quar.)—
$2.50 prior preferred (quar.);
Sangamo
Electric Co._
Stores,
4
9-
9-29
10- 1
10- 1
9-28
9-20
preferred
5%
9-10
9-10
preceding table.
1
25c
$1.25
$1.25
627jc
25c
Sarnia Bridge
Co., :Ltd.—«.«—25c
Savannah Sugar Refining Corp. (quar.)—50c
Schlage Lock Co. (quar.)
I2T2C
Scott & Williams, Inc.——
————
50c
Scranton Electric Co. $6 pfd. (quar.)
$1.50
Security Co. A(Los* Angeles >—
$1
Shaffer Stores Co. 5% pfd. (quar.)_
$1.25
1
1
9-14
9-21
15c
10-
29V5C
(5 /4.'%
dends
9-14
$1.1272
Class A (quar.)
(quar.)-.
Corp.
10-
ord.
preferred. (quar.)
Calble
$3
&
(.interim).
Telephone
$4.50 preferred
Rome
8%c
$1.18%
f._.
Britain
9-13
1
10-
Rochester
Telephone Co.—
preferred >(quar.)——
1
9-18
9-15
11-15
9-20
9-14
>
weeks and not yet paid.
10-15
1
—
preferred
9-12
10-
1
40c
common
9-15
1
10-
12-
"
give the dividends
9-15
9-24
10-
Corp. (quar.)—
Corp. (quar.)_w-4—
Below
1
10-
75c
Metal Products
9-15
J.
10-15
10-15
10- 1
: 25c
25c
Co
10-
Rieke
62 Vac
Gas
^ston Oril Field Material Co., inc. com.__
$1.50
Kansas
-
10-19
9-15
(quar.)
Iron
10-
9-20
,
preferred
1
9-17
10-19
9-10
Co.
Oil
Wiser
10-15
10-15
25c
(quar.)——
prior preferred^_^_-___L_,——
Manufacturing Co.
.
Woodward
10-
30c
.
(quar..)—,,
?% preferred
& Co■
5 /a%
Manufacturing Co.
preferred
(quar.)——_
preferred
7%
10- 1
10- 1
Extra
9-20
10-
8-30
25c
.
9-20
1
9-20
9-29
,
——
■
J
9-15
1
10-
9-28
A
(qu"a75I-C————II
1
10-
10-15
30C
$122
Y.j (quar.)——
1
10-
34 %c
preferred,—
B;
,5 % -preferred
7%, preferred
Jefferson
—
:
common
Inc
Line,
9^0
9*13
$1.50
37 72c
$75c
$$1.75
$20c
50c
$1
25c
T
9-
11-15
11-15
■
(quar.)
9-15'
9-15
(quar.)
preferred (quar.)
(George) Ltd. (quar.)
7%
10-
$1.75
7%
587ac
Reliable Stores Corp., common (quar.)—127aC
5% preferred (quar.)
377zc
Reymer & Brothers (quar.)
1272c
Rhode Island Insurance Co.
(quar.)
10c
(quar.)
(N.
regis,
Co., common (quar.)
A-(quar.)i.——
Corp. (initial)
9-17
$1
$1.06%
9-15
Wilson
$1.1272
$1
$1
15c
6272c
Drug
Class
1
9-25
25c
(quar.)—
.
Weyerhaeuser Timber Co.
25c
—
—
1
1
10-
(irreg.)
Harris Manufacturing 7%, pfd.
Hercules Motors Corp.
(quar.)
$4.75
—,—
Plough, Inc. (quar.)
Porter (H. K.) Co/, 5%
preferred (quar.)—
Pratt & Lambert, Inc.
Progress
Laundry, (quar.)—
—
Providence Washington Insurance Co;( quar.)
10-
$1.25
(N. Y.)
Guaranty Trust Co.
•imperial
(quar.)
Philadelphia Dairy Products Co., Inc.—
$4.50 1st preferred (quar.)
$4
non-cumulative 2nd preferred
Pittsfield Coal Gas Co. (quar.)_
9-1
$1
25c
Inc.
pfd. (quar.)
$6
Weston
9-18
20c
20c
$1.25
(quar.)
—_—
Co.
Pfaudler
5
9-
34 %c
(quar.)_
com.
Co.
Exploration Co.,
Pepsi-Cola
1
10-
9-18
1
$1
$1.25
1772C
25c
,25c
9-15
9-20
5c
9-18
1
10-
10c
$1.50
2 Vac
37 Vic
1
10-
4%
preferred (initial quar.)
Pennsylvania Power Co. $5 pfd.
9-15
75c
10-
Inc., common
preferred
(quar.)
Onomea Sugar Co
Pacific Gamble Robinson Co
Pacific Lighting Corp. $5 pfd. (quar.)
Panhandle Eastern Pipe Line Co.—
9-17
9-29
(quar.)
6%
9-17
10-15
pfd.
Omar,
9-17
25c
4.40%
Co.
Edison
Ohio
9-17
9-15
50c
40c
40c
$1.10
B
Common
'
9-
25c
Co.,
Co.,
Stores
Ltd., common
1
$$1.50
(quar.)—
common
A
Co.
Utilities
10-
$64.60
$8%c
—
Brass
Grocers,
Texas
4
9i
9-14
10- 1
9-24
10- 1
Department
Western
25c
—
Interest (irreg.)
preferred (accum.)
Scotia Light & Power Co., Ltd.—
Quarterly
9-19
Western
40c
$1
50c
Insurance Co. (quar.)
(N. Y.) (quar.)—
of
10-
West
9-15
6c
Oil 7%
9-29
7%
9-15
1
Bond Trust—
American
10-15
25c
;
Co.,
8%
7%
10-
Electric Corp.
Star
9-15
1
10-
$3772c
25c
Industries
Certificates
2bc
——
Corp.
Insurance
Suga,r
tJind
Noma
8c
preferred- (quar.)„__
Guantanamo
u/o
9-10
Co.
Trust
12y2c
Western 'Brewery,. com..
.American
/2;%
1
1
10-
12Va%
Griesedieck
'Class
10-
$1
dividend)
Hickok
Noblitt-Sparks
75c
preferred .'(quar.)—
—
—1
Godchaux .Sugars, ;Inc., class A (quar.)
$4.50 preferred -(quar.)
Z
—
Gold & Stock Telegraph £0.; (quar.)—
Golden State Co., Ltd.
——
Grace National
Bank
(New York)
(stock
5Vi%
New
9-10
10c
'iVif/c
Great
9-10
1
$1.12 Va
preferred* (quar,)--^
General
1
10-
40c
common
Instruments
Time
York
1
10-
Inc.—
preferred ;(quar.)
$2.50
Hampshire Fire
10-
10-
i: 9-13
$1.50
$1.75
preferred (quar.)
preferred
(quar.)
8-31
,9-19
50c
Electric class A (quar.)
West Penn
■1
$1.75
(accum.)
1st preferred
partic.
$2
8
8-30
5
6%
10c
New
30c
$2.50
1
$1.50 pfd. (quar.)
stock series
9-20
9-14
9-
9-
Refining & Chemical
Weber Showcase & Fixture Co., Inc.—
9-18*
9-13
1272c
30c
series
Industrial
1
75c
(quar.)
(quar.)
Pressure
Income
1
9-29
7c
Cooker (resumed)
National Securities & Research-
9-17
9-
9-29
Warren
30c
(irreg.)__
Department Stores, com. (quar.)—
preferred
9-10
15c
(Del.)
Inc.
Bellas Hess,
3Uc
preferred (quar.)—
General Paint Corp. $2.67 preferred (quar.)
•$6
9-28
in-
9-25
9-15
62Vac
pfd
Co
Manufacturing
Ohio
National
1
9-15
25c
$1.75
(quar.)—
preferred
General
9-
37 Vic
General industries*5%
General
9-15
9-13
60c
10c
25c
5c
The Goodwill Station
WJR
Wailuku
25c
common./
Lines,
National Grocers Co., Ltd.
—
Investors Co.,
General American
$4.5Q
9-15
10-
$1
10c
prefefred* (quar.)
5Va%
2
9-29
6%
9-16
30c
.*
Plan
10-
10-
(quar.)
preferred (quar.)
Corp. of America 6%
$2.50
25c
$25c
—
( Julius)
Moore-McCormack
9-20
$1.75
Natural Gas Co.
& Co.,. common
Kentucky
— -
35c
-
Waialua
$1.25
$48c
15c
$1.18%
Drop Forging Co., com. (initial)
4%% convertible preferred (initial quar.)
1
common—,—
common
Moore
—
J—i.—
Garfinckel
9-26
9-17
10-
(resumed)
(quar.)
Fort Pitt Brewing Co.————
Foster & Kleiser Co. 6%
pfd. cl. A
FrankenmUth "Brewing Co. - (quar.)
Frankfort
9-15
1
preferred
6%
9-29
1
Corp
Co.,
Utilities
preferred (quar.)
Montreal Telegraph Co.
11-
(reduced quar.)_
!
I
f
;9-
9-20
9-29
9-15
10-15
9-20
9-20
'
9-15
Chemical Works
9-20
50c
15c
(quar.)
Co.
15c
9-10
40c
—
$1.18%
$1.1272
5
9-
110-10
'
10c
Oil
Victor
9-25
$$1.50
62VaC
5%
10c
Aviation,'Ltd.
Machinery
Manufacturing
Montana-Dakota
25c
(s-a)
common
(quar.)
preferred
9-20
—
(quar.)—
B
Class
Ltd.,
9-14*
11-
1
9-14
10-20
10- 1
10- 1
$1.75
7% preferred
Refining Co. (quar.)
Norman Co
Van
10-10
$1.75
$1.50
$1.50
$1.50
50c
$2
50c
20c
62Vic
(quar.)—
$30e
$$1.3772
(quar.)—_•
Containers,
9-30
$3
9-10
10-
9-13
25c
25c
Utah
8-27
20c
common
50c
Light & Traction Co.
Filene's (Wm.) Sorts Co., common (quar.)—
4%%
preferred : '(quar.)--*.
—
Florsheim Shoe Co., class A (quar.)
Food
Co.,
15c
75c
11-20
1
9-13
10- 1
9-15
30c
(initial
preferred
$3.50
1
9-21
25c
-
$1.75
20c
S.
Upson Co.,
9-
Co.,
Corp.-
Corp.
Modern
10-
50c
Federal
Fairchild
5
25c
$1.18%
Warehouse (quar.)-—
Compress &
Federal
Steel
Oil
Corp.,
9-13
Agricultural Co., Ltd. (irreg.)
Sugar Co., Ltd. (reduced quar.)__
Waldorf System, Inc. (quar.)
11-20
1
Co.
Plywood Corp., common (quar.)
4%% preferred A (quar.)___
472% preferred B (quar.)
United Steel & Wire Co., Inc. (quar.)
12-
15c
60c
Co.
Navigation
9-15
(quar.)
Inc.
9-10
(quar.)
partic. preference
S. Leather Co., 7% prior preferred
lc
30c
Co.—■
Products
Evans
9-10
9-29
(inc. quar.)
Miller-Wohl
9-14
1
50c
Corp.,
European &
9-29
(quar.)
9-15
1
10-
—
Ltd
North American Railway
Ecuadorian
U.
Co
9-29
8-31
9-15
10-
(quar. )__
(quar.)—
U.
9-15
$$1
quar.)
Michigan Public Service Co.—
7%
preferred (quar.)——
6% preferred (quar.)—
6% preferred series 1940 (quar.)——
$6 junior preferred (quar.)——
Midland Steel Products, common (quar.)
8%
1st preferred (quar.)
$2
non-cumulative preferred (quar.)
"75c
Extra
preferred
9-15
1
(quar.)
Ltd.—■
6%
preferred
(quar.)
McCord Corp. $2.50 preferred (quar.)
$20c
Continental Baking' $5.50' preferred (initial)
Crystal Tissue.Co.
(quar.)—
Cuban-American Sugar Co.—
Cuban Atlantic Sugar Co
—
Cudahy Packing Co. 7%
preferred-—
6%
preferred
Davenport Hosiery .Mills, Inc., common
7%
preferred (quar.)—
David & Frere class A (quar.)
Davenport Hosiery Mills
Dayton & Michigan RR., common (s-a)__—
$% preferred (quar.)—
,—
Decca
Records, Inc. (quar.)
Detroit Harvester (quar.)—;
Diamond T Motor Car (quar.)
Donahoe's, Inc. 6% preferred (quar.)
Dow Drug 7%
preferred (quar.)__
Electric Auto-Lite
Co.
(increased)
Embassy Realty
Assoc.,
com.
(quar.)
Preferred (quar.)
4%
1
10-
75c
1
(quar.)——————.
—
Connecticut Gas & Coke Securities—
$3
preferred (quar.)———
Consolidated Bakeries of Canada (quar.) —
Consolidated Cigar Corp., common
$4.75 preferred (quar.)-—
:
Consolidated Invest. Trust (Boston) (irreg.)
Consolidated Steel Corp., Ltd., common
$1.75
preferred (quar.)—
Consumers Gas Co., (Toronto, Ont.) (quar.)
common
10-
Corp...
10-
Ky.)
Corp.,
National
12-
9-13
Extra
Carbon
$1.25
8-3
9-20
9-20
9-20
9-20
10- 1
9-20
10- 1
Preferred Stock Fund
Union
25c
Petroleum
10-
15c
8
United
Co
Lumber
75c
Co., common (quar.)__
(quar:\__
—
Commonwealth Life Insurance Co. (Louis¬
4
9-
United
Extra
85c
Commercial Credit
41/,% preferred
10-
9-15
$$1.75
(quar.)
9-17
—
—
10-15
9-29
Ltd., common
Theatres,
(Marcus)
9-7
5c
30c
14';
64c
75c
30c
Extra
9-29
30c
1
25c
Union
9-18
13%c
Trusteed
9-29
(quar.)
10-
200%
i of Rec.
deposit rets, (interim)
Funds, Inc.—
Common
Stock Fund
Amer.
Union
10c
75c
(quar.)__
Holder t
Payable
Securities Trust Co.—
Tobacco
10-15
;
preferred
Lyon
9-20
10-15
(quar.)
Macmillan
Whoelsale Supply Co.—
r%
preferred (quar.)_
Colonial Ice Co. $7 pfd. (quar.)
$6 preferred (quar.)
Columbian Carbon
Co. (Stock dividend)
Two additional shares to holders of each
Endicott'Johnson
Co.
Longhorn Portland Cement Co.—
5% participating preferred (quar.)
45c
Citizens
ville,
Oil
7.%
9-12
1
50c
25c
(irreg.):
Extra
prior
Commercial" Bookbinding
Co.
Loew's
8
9-15
9-12
1
10-
Name of Company
10c
Roi
Locke Steel Chain Co.
9-17
1
10-
25c
(quar.)
preferred (quar.)__
(N. Y.) (quar )__„
Pneumatic . Tool, common
preferred (quar.)
«3 preferred
(quar.)_—_T
Cincinnati & Sub. Bell Tel. Co.
4
9-29
•
$1
—-—
rhicaso
.6
9-17
1
10-
25c
(quar.)
Extra
1
10-
$$2
10-
20c
—
preferred
1
Telephone $2.50
rhemical Bank & Trust
<950
10-
10-
Bank & Trust Co. (New
Hanover
York)
9-12
$1.18%
2nd
Sfal
1
50c
preferred (quar.)—__—
Jural Canada Loan & Savings Co. (quar.)
SStral Electric & Gas Co. 6% pfd. (quar.)
S
10-
10c
—o°f "America, common (quar.)
Mills
When
Share
Holder•
Payable
Co., common
preferred (quar.)
La Crosse Telephone Corp. 6% pfd. (quar.)
La Plant-Choate Manufacturing Co., Inc.—
9-14
1
9-15
50c
When
Share
of Rec.
Payable
Per
Per
Name of Company
Holdert
When
Per
Share
120?!
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4419
162
,r„inme
7% pfd. iqw*r,>^.
50o
25c
$1.75
25o
10- 1
9-15
10- 1
10- 2
9-13
,
,
9-15
8-31
9-8
9- 5*
9- 1
THE COMMERCIAL & FINANCIAL CHRONICLE
"
♦
*
-
ffolaert
When
Per
5
Share
,
Name of Company
Name of Company
ol Rec.
Payable
Canadian
American Superpower Corp.—
Thermometer, $5.50 pfd. (quar.)_
American Tobacco, 6% preferred (quar.)—
American Woolen, 7% preferred (accum.)—
Anaconda Copper Mining
American
Mills
Duck
Anchor
$4
50c
-
■
15c
preferred
$1
Anchor Post Fence Co., 6%.pfd. (quar.)— —
$1.50
6%
preferred (quar.)—_™——
.$1.50
Andes Copper Mining Co
—25c
Apex Electric Manufacturing, common—;.
25c
7% preferred (quar.)——--.
$1.75
Apex Smelting Co. (initial)——25c
Archer-Daniels-Midland (stock dividend)—
200%
Arkansas Fuel Oil Co,, 6% pfd. (quar.)_—
15c
Anchor
Hocking Glass Corp., common
$4
—
9-25
10- 1
10-1
9-15'
.———-
Natural
Arkansas
& Co.
Armour
$6
6%
Gas
pfd.
$1.50
$1
12 Vic
Ltd.
Corp.,
Extra
J
——
Ashland
Oil
4%%
&
Refining,
preferred
Associates
—_—-
Co.,
Investment
-
(quar.)—
common
(quar.)
common—
preferred
(quar.)——:i—^
Atlantic Refining Co.,
4%
pfd._.
7%
(quar.)
Canadian Celanese, Ltd.,
7%
pfd. A (quar.)
conv.
Common
6%
Canadian Industries,
Class
8%
B
(quar.)
preferred
(quar.)
11-1
preferred
Capital
8-21
■>"
10-22
Transit
7c
Barber
Asphalt
Barber
(W. H.)
Corp.
Corp
8-31
Refractories, Inc._
& Lomb Optical Co.,
Bausch
com. (quar.)
4%
preferred (initial quar.)
5% preferred
Bayuk Cigars, Inc. (quar.)
Creek
Beech
Railroad
Packing
—_
(quar.)_
Co.
Bendix
$1
—„
$$1
$$1.75
t$2
tlOc
$2.50 prior pref.
Berghoff
(series of
M.)
(A.
Brewing
Gas,
Birmingham
62Vic
9-29
9-14
10- 1
30c
9-12
Black & Decker Manufacturing
Blaw-Knox
Bloch
(quar.)__
6%
35c
9-15
10- 1
$2
9-29
50c
9-20
Brach
(E. J.)
& Sons
37Vic
Brandon
Corp., class A
Light & Power Co., Ltd.—
preferred (quar.)
Breeze Corporation
Brewing Corp. of America (quar.)
Bridgeport Brass Co., common
•;
5Vi % conv. preferred (quar.).
Briggs & Stratton Corp
:
Brillo
9-10
$1.37Vi
Class
A
British
(quar.)
9-29
9-15
50c
American
Bank
British-American
Note
Oil Co.
(quar.)
1
33/4%
9-15
8-15
$25c
10-
1
(initial
Brooke
(E.
Brown
10-
5
8-30
10-
5
Iron
9-
1
50c
93%c
(interim)—
Ltd.
(quar.)
com.
Bolt
8-15
Water
9-15
10-
9-
9-15
10-
$1.75
.10-
1
X
I
Bldgs., 7%
Co.
9-29
9-
9-14
7%
10-
pfd. (accum.)75c
(quar.)
$1.75
pfd.
Corp. (quar.)
& Edmonton Corp. (interim)
Calgary
Cotton
California
10-
.
9-
4*
1
5
1
4y4%
9-15
9-15
9-
$5c
California
5%
Pacific
Utilities
Co.,
10-15
9-
New
8
9-15
9-
5
$1.31
1
9-10*
Water
California-Western
Extra
'
9-15
Columbian
9-10
(Stock
9-
States
Life
Insurance
9-15
9-
9-29
50c:
Campbell
25c
Canada Bread,
6%
1st
Canada
Crushed
Canada Cycle
-Common
Canada
$4.25
5%
class B
(quar.)_
(accum.)
(interim)
Ltd.
& Motor, 5%
—
preferred
1
9-10
order
8-24
at
1st pref. (quar.)_
$$1.25
25c M
(quar.)
$1.06V'4
class
A
(quar.)
$50c
Canada Permanent Mortgage
Corp.
Steamship Lines, Ltd
Canada Wire & Cable Co., Ltd.—
Class A (quar.)—;
$3.40 conv. preference
:
9-14
1
10-
1
(initial)
10-
1
9-15
10-15
9-15
". '•;:
..
$25c
9-15
8-31
8-15
$85c
10- 1
8-15
10- 1
50c
9-12
9-
1
9-12
9-
1
9-
5
25c
close
9-15
30c
9-28
10-15
9-25
9-25
$1.75
10-
1
Duke
9-15
75c
10-
1
$5.60
10-
1
25c
12- 1
9-14
9-12
9-11
(irregular)
Co.
(quar.)
-10- 1
9-15
10-
1
9-15
10-
1
9-15
50c
...
9-21
9-10
$1'
additional
holders
Co.
of
(quar.).
t5c
6c
5Vfe%
&
pfd.
,
-
-
; ■
y
r
a
V/'ri/'
10- 1-
^
:
(quar.)
$1.50
10- 1
"preferred
(quar.)
9-11
$1.75
10- 1
9-11
50c
9-15
8-25
conv.
9-29
12-31
9-15
9-10
8-31
8-31
$55V2c
9-15
8-25
t$1.25
11- 1
25c
9-15
1°-^
9- 0
25c
& Power Co..—
60c
(quar.).
....
15c
:
62Vzc
v
10-
'■
1
8-30
9-15
7%
9-1
9-28
9-14
20c
9-10
9- 5
r'.<
,
,
15c
9-24
,9-1 /
Consolidated Edison Co. of N. Y., Inc. (quar.)
40c
9-15
8-10 y.
$6
>9-15
a
1°_ 2
9* 5
10-15
9-14
10-15
10- 1
10-15
10- 1
1
75c
10- 1
9-1
30c
9-15
9- 1
60c
9-12
9-1
$1.75
10- 1
9-15
'
U.
(quar.)
1
9-15
37y2c
9-10
$1.12 y2
10- 1
8-29
9-20
8-27
Co.,
10-
75c
$1.25
common
9-14
$1.12y2
10-25
$1.25
10-15
9-15
20c
9-15
25c
9-29
8-28
9-io
(quar.)
Inc.
(quar.)_.
15c
„>
-1
,
'
<
*
8-25
9-10
-
,
,
$1,12%
9-15
10- 1
9-15
50c
9-10
8-31
$3.50
$1.50 7 ;;
9-15
10- 1
9- 1
9-5
$1.50
'
10- 1
75c
....
10-1
;
•
12y2c
50o
v
75c
•
9-15
9-29
9-15
9-14
8-31
8-31
9-12
25c
^
9- 5
9-29
.
12%C*f
Manufacturing Co.
1
9-14
9-11
8-29
1
9-20
*10-
25c
10-
75c
$1.50
9-18
9-29
10-
15c
9-15
1
25c
9-17
9'
25c
9-29
9-17
62y2c
10-1
9-1
$1.12%
10- 1
9-14
9-11
common
Co.,
;8"1®
$1
...
&
9-15
11-1
$$1.75
(quar.)
Nemours
.
common
(quar.)
25c
(quar.)
;
50c
(quar.)_
28c
^
common
$5
pfd.
9-10
8-29
9-10
8-29
9-15
9-1
10-
1
9-15
10- 1
9-21
10-1
9-21
9-21
$3.50
(quar.)
<
40c
_
-
V
'
56V4c
v
-
10-
1
9-14
$1.25
10- 1
;
:
10- 1
$1.37V2
(quar.)
(quar.)
9-30
60c
25c
English Electric Co. of
Class A (quar.)
9-10
10-
class A__
preferred
9-30
75c
preferred (quar.)
preferred (s-a)_
preferred
•
$$1.25
...
(quar.)
&
10-15
10- 1
;*•
$15o"
$$1.37V2
B
preferred
$5.50
8-30
$20c
1
9-10
9-10
,
(quar.).;>$$1.25 ^10-15 |: ^p-27
v^l$1.75.^ 10-15
• 9-27
Engineers Public Service
Consolidated Bakeries of Canada, Ltd. (quar.)
Biscuit Co.
(quar.)
10-
10-10
10- 1
25c
,
....
4%%
9-5
9-15
10-31
62'/2c
....
Lead
Controller
8-31
9-10
/
common
de
Emerson Drug,
Class B
9-1
(quar.)
2- 8
•
preferred
Empire District Electric
Emporium Capwell Co.,
12-24
25c
Consolidated
:
■
9-25
$$1.50
preferred
3-1-46
Electric Ferries,
Inc., 6% pfd. (quar.)„___
Electric Household
Utilities^_^_™__^_
8%
$$1.50
com.
75c
...
El Paso
Natural Gas
-
(quar.)
8-31
8-31
(quar.)..
(quar.)
5%
preferred (initial
quar.)
EI Paso Electric
Co. (Texas)—
$4.50 preferred
(quar.)
9-11
preferred
$2.50
I.)
Company,
$1.25
(quar.)..* $1.37'/a
9-15
1
10- 5
Elgin National Watch
Co._
Elliott
:
■
....
Light'—
9-14
Electric
stock
14th
Class
9-14
1
9-5
15c
Eddy Paper Corp.
(quar.)
Edison Bros.
Stores, Inc. (quar.)
Electric Auto-Lite___
I
Electric Boat Co
9-30
9-28
.10-
12-24
9-15
10-20
(quar.
Easy Washing Machine
Corp., class A
9-30
10-15
10c
the
on
10-15
noc
(Del.)
preferred
business
Water,
8-10
6
9-21,Vv; 9-11
common
12-24
1
25c
Eastern Malleable Iron
L
Eastern Massachusetts
Street Ry.—
6%
1st preferred
(accum.)
Eastman Kodak
Co., common
6% preferred
shares
held
of
9-
10-
—
(quar.)
Eastern Gas & Fuel
Associates—•
4y2% prior preferred
(quar.)
6%
preferred (accum.)
8-31
75c
10-
9-15
(quar.)
25c
11-20
9-15
...
Eagle-Pitcher
(quar.)„
Ltd.,
(E.
9-20
12-1
.....
common
Dures Plastics &
Chemicals,
Duval Texas
Sulphur Co.
2
9-29
75c
~
25c
7%
preferred
9-20
10-;: 1 '
-
35c
(quar.)
Co.,
9-10
10-
25C
25c
preferred (s-a)..,
(increased quar.)
$4.50
9-14
9-29;
-c
25c
preferred (quar.)
Duquesne Light 5% preferred
9-14
53y8c
10-31. 1' 10- 1
$1
Manufacturing
Power
4y2%
8-25
quar.)——87y2C
(quar.7
:
' 75c
8-28
25c
Corp.
Dun & Bradstreet
9-21
11-
9-1
9-20
35c
$1.06V*
...
Common
duPont
3iy4c
9-15
$1
(quar.)
preferred
8-28
25c
(quar.).
(quar.)
Corporation (quar.)
Dresser
Industries, Inc. (quar.)
Driver-Harris Co. (quar.):
9-15
50c
9- 3
9-20
Draper
10-1
25c
9-10
9-10
...$1
common
Dow Chemical
Co., common
$4 preferred A
9-14
$1.75
9-25
50c
(quar.)..
Dominion Tar &
Chemical, 5 V2% pfd. (quar.)
Dominion Textile, common
(quar.)..
7% preferred (quar.).
9-15
(quar.)
two
37V2c
$1.75
Dominion Stores, Ltd.
9-15
common
Compo Shoe Machinery Corp.,
8-31
9-15
10- 1
1
$1.25
Investment
the
7%
9-14
10-
$1.12Vi
(initial
Quarterly
Quarterly
Conffoleum-Nairn. Inc.
8-31
$$1.62J/2
$20c
9-28
20c
9-15
(quar.)....
44c
Dominion Foundries &
Steel, Ltd. (quar.)$35c
Dominion Glass Co.,
Ltd., common
8-29
; 50c
8-24
9-30
....
Dominion Dairies, Ltd.—
5% non-cumulative
preferred
8-29
—
Connecticut Light
9-15
9-15
common
V
'
(quar.)
•"*?'
$7
8-31
$50c
8-31
Community Public Service (quar.)
Confederation Life Assn. (Toronto)—
8-31
—i—$$1;
com.
$6
8-15
1
9-14
9-15
9-10
$1.75
Corp.-Seagrams,
Doernbecker
-.
Commonwealth Water
9-15*
9-15
10-
$$2
(quar.)_
_—
Class B (quar.)_
6%% preferred (quar.)—_——_
to
the
Commonwealth
9-15*
$75c
(s-a)
Breweries. Ltd.
9-29
12-24
75c
day after date of such order)
9-14
10- 1
10-
1
$25c
Canada
Canadian
9-29
'
Alcohols
'
Packers Class B
$1.50
9-10
9-
1-2-46
Commonwealth & Southern Corp.—i
$6 preferred
(payment is proposed to be
made 28 days after the date of the SEC
1
$15c
Malting Co., Ltd.
8-29
9-20
9-18
:
share
Commonwealth
3
9-20
$10c
10- 1
(quar.)—
Commercial Shearing &
Stamping...
10-
(quar.)
Canada
9-12
$1.37Va
4
9- 8
9-29
-i$1.50
com.
Co., common...
Class A (quar.)
Dobeckmun Company
9-15
$1.25
preferred
10-
$$1.25
Dry Ginger Ale, Inc., common
Canada
4
8%
8-31
9-
9-
(initial).
Carbon
Commercial
8-31
9-15
9-14
9-29
$3.50
Co.
dividend),
$$1.50
(quar.)
6V2% preferred
Stone,
1
9-17
15c
9-21
10-10
—
preferred
Doehler-Jarvis
9- 5
1
35c
,
5% preferred (quar.)
Divco Corporation
Dixie Cup
9-11
10-
9-15
9-29
15c
...
preferred
9-1
25c
—
Y.,
9-7
10-
c;
Distillers
8-31
1
B
participating
6%
11-15
9-15
75c
(quar.).—
N.
9- 1
1
9-14
25c
—.....
of
10-
37y2C
—
1
Diana*Stores Corp.
9-17
12- I
,
30c
preferred
each
$62y2c
preferred
Cement
Canada
'■
9-15
V
10c
Copper (quar.)
Cannon Foundry
for
9-11
50c
—
Wyant &
1
1
75c
25c
...
x_—
Participating
9-15
6%
8-20
10-
$1.75
(quar.*
Pictures
$4.25
9-20
9-14
11- 5
9-15
(quar.).
Diamond Match Co.—
8-27
1
30c
$1 partlc. preferred
9-20
50c
35c
Columbia Baking Co.; common
1
Calumet & Hecla Consolidated
/ C
10-
25c
Co
Service
$3.50
9-15
10-
$1.25
-
Illuminating,
preferred
50c
preferred (quar.)__
California
6
Co._
Company—
35c
common
9-
Co.
Columbia
prior preferred (quar.)
California Ink Co., Inc. (quar.)—_
5
10-15
11-15
(quar.)
preferred
.
Class
Pa.)—
Colgate-Palmolive-Peet—
1
10-
preferred
Coleman
9-10
50c
conv.
9-
$1.25
(quar.)
Coca-Cola International Corp
Cockshutt Plow Co., Ltd. (s-a)
California Electric Power Co.—
5lA%
9-20
75c
(quar.)
Quarries
Coca-Cola
8-29
50c
Mills
1
5
$22
Coast Counties Gas & Electric—
5% 1st preferred (quar.)__
9- 4
15c
Financial
T
99-
$1.75
preferred
7%
9-15
9-14
$l5c
.
9-15
9-20
12Vfcc
(quar.)
preferred (quar.)
(quar.)..————_
(quar.)
preferred (quar.)
Detroit Steel
Corp..
Devonian Oil (quar.)
:
Dewey & Almy Chemical,
1
$1.75
(s-a)
Molybdenum
9-
$1
pfd. A (quar.)_
Ry. Co.—
7%
8-24
30c
Clinton Water Works, 7% pfd.
(quar.)
Clorox Chemical Co.
(quar.)
Cluett, Peabodv & Co.. common (interim)-
9-15
9-12
Controller
Cleveland
8-24
1
2nd preferred
9-15
9-15
9-18
7%
Texas Pac.
preferred (quar.)——
Auto Stamping (quar.)
Climax
1
12V2c
(quar.)
10c
20c
Long Hook & Eye
9-14
9-15
$1.12y2
;—
Extra
9-15:
25c
preferred (quar.)
5%
9-20
1
Elec.i 5%
9-29
9-13
9-29
6%
Cohn
Co.
1
Co.—
(quar.).
9-10
(quar.)
preferred (quar.)
Cleveland
Graphite Bronze,
8-15
9-15
50c
Ltd.
1
10-
8-31*
10-
9-29
'
Dentists Supply
9-14*
$2
Iron—
&
1
9-15
$1.75
'
(reduced)
Stores
Malleable
(Alfred)
10-
9-29
Delaware & Hudson Co.
(quar.)
Delaware Power &
Light Co., common....—
4%
preferred
(quar.)
^—De
9-14
$1.25
Delaware & Bound Brook RR. Co.
(quar.)..
& Hudson Co.
(quar.)——...—
Delaware Fund, Inc.
8-31
9-14
9-24
25c
—
Deisel-Wemmer-Gilbert
9-14
30c
$4.50
;
C
•v
9-15
."■■
New
Cleveland Electric
9-18
15c
Burlington Steel.
Bush Terminal
1
15c
Company
Burgess Battery Co
9-28
"
(quar.)—
Delaware
9-19
15c
Equipment Co., common
preferred (quar.)
Clearing Machine (extra)
8-29
20c
(quar.)
9-24'
9-29
^2V2C
5%
9-18
*$1.25
Co.
Co.
Oil
Orl. &
Clark
2-14
9-10
25c
(quar.)
Bullard
Butler
10-
$10c
Buckeye Pipe Line Co
Bucyrus-Erie Co., common
7% preferred (quar.)
Wheel
2-28-46
.10-1
$10c
Buffalo
>'
$1
$1.50
Extra
preferred
Cotton
;
8-31
9-24
40c
Deep Rock Oil
8-31
9-24
common
Publishing Co. $4 prior pfd.
Dayton
9-7
35c
Clark
1
$1.25
&
Budd
9-
>
1
25c
-
&
7%
8-31
9-15
20c
preferred (quar.)
Sharpe Manufacturing (quar.)
Bruck Silk Mills, Ltd. (quar.)
$5
9-21
City Investing Co. 51/a% preferred (quar.)
City of Paris Dry Goods Co.—
''
1
9-15
,
$5 prior
•
10-
$75c
& Wire Co., Class A
Brown-Forman Distillers, common
Brunswick-Balke-Collender Co.,
30-1
10- 1
(accum.)
(quar.)
Davison Chemical
Corp.
9-10"
(initial
City
City Ice & Fuel Co.—
*
8-13
10-15
'.10c
(quar.)
Fence
Brown
10- 1
preferred
preferred
Fisher
9-20
America—
Darling Stores Corp.,
8-22
7%
8-30
2Vi%
quar.)
Packers,
G.)
&
9-
9-10
5%
9-5
lOd
common
preferred
Columbia
9-11
25c
Cincinnati Street Ry. Co
Citizens Water (Washington,
9-15
10-
$20c
(quar.)
Co., Ltd.—
Ordinary registered (interim)
5% preferred (registered) (s-a)_
British
15c
(quar.)_
common
Corp.',
Cutler-Hammer, Inc.
&
9-10
1
9-15
56y4c
Press, Inc.—
preferred (quar.).
Daniels
10-
Co., Inc.—
Forster, 8% preferred (quar.)
Cuban-American Sugar, 7% pfd. (quar.)
Curtis
9-29
i
50c
&
Decker
America
Cincinnati Gas
British-American Tobacco
Bristol-Myers Co.,
$1.50
of
conv.
A
9-10
25c
—
(quar.).—.
Zellerbach
Crum
9-15
Cincinnati
9-15
International, class
& Seal
preferred
'
9-20
9-20
Securities Co., common
preferred (quar.)
Chrysler Corporation
8-31
10- 1
$2.25
4y2%
10- 1
———
9-14
50c
25c
Cork
10- 1
10- 1
—
9-14
Manufacturing, common.;
Crown
$1.04
Extra
8-25
9-29
9-1
$1.12Va
.1—
prior preferred (initial quar.)
prior preferred (accum.)
7%
15c
Cork
8-31
Christiana
62Vic
Crown
9-15
Chicago Flexible Shaft—
Chicago Great Western, 5% pfd. (accum.)—
Chicago Mail Order (quar.)
Chicago Mill & Lumber (quar.)
Chicago Molded Products
Chicago Rivet & Machine Co
Chicago South Shore & South Bend RR.—
Quarterly
;
Chicago Towel Co., common
;
$7 preferred (quar.)
:
"
(quar.)
27c
—
9-14
1
8-15
9-1
25c
.-
Publishing
9-
9-29
•
Crosley Corporation
Crowell-Collier
l
9-25
$1.50
8-31
Co.
;■
Extra
quar.)
$1.12V/a
Chapman Valve Manufacturing (quar.)—50c
Chesapeake & Ohio Ry. Co. (quar.)
75c
Chesebrough Manufacuring (quar.)
$1
9-17
9-
9-10
Works—
9-14
9-15
I2V2C
Loom
(quar.)
9-10
9-20
9-10
!0--Jl
9-20
preferred
9-20
9-30
40c
11-10
6%
9-20
$4.50
9- 4
1
Crompton & Knowles
9- 4
75c
Chickasha
10-
9-1^
9-12
—
$3.50
9-8
$1.50
Extra
Cuneo
preferred (quar.)
—
—
8-31
10- 1
$$1.50
-
v
9-6
Chamberlain
Brazilian Traction
6%
y-io
9-20
Champion Paper & Fibre,
9-11
(quar.)
8-31
9-25
$3
6%
8-31
/
9-
9-10
.;
9-15
9-10
9-30
.•
9-15
1
9-10
10- 1
6%
1
10-
10-15
$3c
Co.,
10-
9-14
preferred (quar.).
62y2c
Cornell-Dubilier Electric, common
20c
$5.25 preferred A
(quar.)
$1.31 y4
Crane Company, common
(quar.)
25c
33/4% preferred (quar.)
933/4c
Creameries of America, Inc.
(quar.)12!/2c
62V2c
(accum.)—
4
1
9-14
Utilities Co.—
Wire
7
9-
9-24
10-
9- 1
Culver & Port Clinton RR.
Extra (s-a)
&
5
945
9-
9-10
9-10
prior preferred
1
9-28
9-10
2
9-
20c
10- 1
4.15%
9-25
$1.12Vi
(quar.)
'
'
9-ib
9-15
9-15
9-15
9-15%
9-28
convertible
10- 1
(accum.)
10-
7
7
8-25*
l
9-17
——
$1.12Va
—'
9-15
10-
10c
-
4V12%
8-13
9-29
9-
Certain-teed Products—
9-10
9-10
$1.50
(quar.)
(quar.)
common
preferred
preferred
9-21
a-ia
10- 1
$2
40c*
9.
9.
9-15
75c
5%
$1.50
prior preferred
25c
prior preferred (quar.)—;
Copperweld Steel Co., common (quar;)___—
5%
(quar.)..
1
9-29
93%c
$3
9-14
9 14
10- 1
10- l
10- 1
10- 1
10-1
50c
20c
(quar.)
10-
8-31
1
9-28
$1.50
West
9.14
q.14
25c
9-10
Gold Mines
9-14
l
30c
:
common
10- 1
Common
1
40c
& Albany RR. Co
Roller Bearing Co
Bower
9-
9-15
9-!8
pfd. (quar.)_
Central Vermont Public Service Corp.—
9- 4
15c
Tobacco,
Bond Stores,
4Vi %
$1.50
Co.
Bros.
Boston
(quar.)_
y-i-t
Corp.,
$1.75
& South
1
10-
—
Cooper-Bessemer
Co.—
$7
8-31
pfd.
;i
(quar.)
Central Steel
9-7
common
7
q
_
9-15
25c
$1.75
Co
1
9-15
50c.
Corp
—20c
(Del.)——.————
40c
Continental Steel Corp. (irregular)
25c
Continental Telephone Co.—
7% partic. preferred (quar.)..
$1.75
6V2% preferred (quar.)—
!
$1.62y2
Crown
dividend series
10
30c
-
9.15
10-
-
Co.
Crucible Steel Co. of
$6
9-15
(quar.)_
Birmingham Water Works 6%
Oil
8-20
5%
Pa.)_—.—
t
9.^5
10-
$2
68%c
Motors
8-20
Central
1
>20c
•
(resumed)
9-15
Central Patricia
10-
9,
1
•
Fibre
$1.50
Power
10-
25c
common..
(Chgo.,
preferred (quar.)
preferred (quar.)
$6
9-10
Co.
$1.50
Maine
preferred
6%
Inc.,
(Reading,
9-20
7%
8-15
7% preferred (quar.)
Corp
Bethlehem Steel Corp.,
q
j;"1^
9-J9
9-29
9-29
10- l
(irregular)—
—
9-22/v
9-29
Co.
15c
.
9-
common
Mills
oln
Assur.
Continental
a-
10-1
50c
$1.50
60c
40c
$1.75
$1.75
—-
——
9.^
(quar.)—
—
10- 1
9-15
Central
9-11
.49-11
8-31
9-10
9- 5
8-31
8-31
9-29
Co.,
^-iu
?
Co.
Gin
1
q
50c
—
preferred ctfs. of beneficial int. (irreg.)
Central Cold Storage (quar.)
Central Illinois Light Co., 4V2 % pfd. (quar.)
Central Illinois Pub. Serv., 6% pfd. (accum.)
$6 preferred (accum.)—
1
9-15
&
Flouring
25c
50c
•
.
9.^5
1
cj.jg
9-15
Power, $4.50 preferred (quar.)—
$1.12Mj
preferred (quar.)——i-——$1.25
Continental
-
15c
$1-25
$1.50
$1
—
——
4%
"8-31
30c
1938)
Co
1
10-
7'/2c
(quar.)——.
Continental
8 31
a'tri
J1
10-
$1.12y2
Stores,
(quar.).
Continental-Diamond
9--U
10- 1
/*?
$1
9.15
.
.
8-31
S- 1
9-15
9-15
75c
Aviation
Corp..
——
Beneficial Industrial Loan, common
*
<
50c
(quar.)_
Corticelli, Ltd., common (quar.)—
7% preferred (quar.)
;
Bell Telephone Co. of Canada (quar.)
Belleterre Quebec Mines
(initial)
Belding
t37
^—
1
111.) (quar.)
Continental Can Co., common (interim)^
$3.75 preferred (quar.)———
Central Coal & Coke—
9-14
9- 1
9-15
9-15
10- 1
10-1
9-17
9-15
10- 1
10- 1
9-15
10- 1
10- 1
10- 1
10- 1
10-15
10c
25c
—
$1'
1
$1.07
37Vic
Beatrice Creamery Co., common (quar.)____
35c
$4.25 preferred (quar.)
: ,$1.06y4
Beau Brummell Ties; Inc.
(irregular)—.
20c
Beech-Nut
10- 1
9-15
25c
$25c
J12Vic
(quar.)___—
-^Barber-Ellis Co. of Canada, Ltd. (quar.)_
Basic
10-1
(quar.)—.
Co.
A
—
Castle
8-27
8-31
8-31
9-6
9-10
9-10
9- 5
35c
(quar.)
Investing
Bankers Trust Co. (N. Y.)
9-15
9-15
10- 1
10- 1
10- 1
9-29
14c
$1.25
$1.75
$1.50
pfd. (accum.)_
pfd. (quar.)
National
9-10
$1.50
Bangor & Aroostook RR., 5%
preferred
class
(Philip) Mfg., common (quar.)
5Vc
preferred (quar.),
6%
preferred (quar.)
Carnation Co., 4% 1st preferred (quar.)
Carpenter Steel Co. (interim)
Centennial
12 %C
Inc.
6% pfd. series A (quar.)
Banco de Los Andes, American shares
6%
Boxes
10-
Utilities
Retail
Gas
Continental
.
^8
9-28
10- 1
t50c
1
iBait.»-
—...——-—
preferred
$5
•
•
9
10- 1
+|$2
preferred B (quar.)—
Case (J. I.) Co., common
7% preferred (quar.)
Cassidy's Ltd., 7% preferred (accum.)—.
9-1
9-4
Co.,
10-31
(irreg.)
yi 6%
9-20
Bankers
Co.
Ry.
—
B/G Foods,
10-31
(quar.)
6%
Co.
7%
preferred (quar.)
Carthage Mills, common
preferred A (quar.)
b-ib
Bangor Hydro-Electric,
$1.25
.
Carey
10-5
9-15
(irregular).—30c
9-13
Automobile Insurance (Hartford)
(quar.)—
25c "" 10- 1
Baldwin
h a
»
0/ r3c
10-
Consumers
l
$}-25
$1-J5
$$2
(quar.)—
class A
Ltd.,
Gas
$2.75 preferred
iu-
$75c
Ltd.—
Corp.,
6% preferred (quar.)__
Capital City Products
.
9-12
—_
8%
.
o
10J
10- 1
(quar.).
Canfield Oil. common..
8-29
—
Extra
"
" ;
7
Holder*
Payable
90c
Pow.
Corp
Consolidated Press, Ltd., class A
'
9-15
iu
-
25c
(quar.)
Consolidated
/
10-31
A~XC
(quar.)———
Investment
Foreign
Wirebound
9-10
•:
(quar.)
(accum.)
preferred C (quar.)
4y2% preferred B (quar.)
y iU
9 ^
^
when
Share
4%
q-91
10-10
-■
Products, Ltd.
General Electric
Canadian
Company (stock dividend)
One share of 5% conv. pfd. for each ten
shares of common held——
Food
Canadian
Autocar
Automatic Fire Alarm
10_ 1 ./
mm
Common
Consumers
Canadian
9-10
::
—
'
preferred (quar.)-
Canadian
7%
9-10
9- 1
9- 1
9-17
9- 4
9-12
75c
Co..
Powder
Atlas
$2 preferred
Consolidated Gas Elec. Lt; &
Consolidated
common
Pacific
common—2t>c
Atlas Corp.,
noc
(quar.)—
Converters (quar.)
Canadian Cottons Ltd.,
----
37 Vic
———
0/0
{
x
10, ig45
Consolidated Film Industries—
preferred
Canadian
*
Per
Name of Company
of Rec.
iu
^c
$25c
(quar.)—
common
Holder1
JJ" \
+1^
preferred
Canadian
9-29
$2.50
$1
non-cum.
Canadian Oil Cos. Ltd. 8%
1-2-46
$1.25
—»
+}|*
—
preferred (quar.)
participating
Canadian Car & Foundry Co., Ltd.—
■
5%
Atlanta Birmingham & Coast 5%
ru-
Monday, September
.
9-30
9-30
9-26
9-15
9-29
,
(quar.)—
(quar.)
preference
*
Payable
Share
v.
common
9-10
9- 1
10- 1
9-15
9-21
$20c
ilOc
'
10c
$1.06V4
50c
(quar.)
60c
Ltd.,
9-15
7
"*
(111.)—
preferred (accum.)—.
Armstrong Cork, 4% conv. preferred (quar.)
Arnold Constable Corp
prior
Asbestos
9-10
9-20
9-28
15c
(accum.)—
1st
cum.
/participating
9-17
9-20
9-10
8-23*
8-31
9- 1
10- 5
9-21
10-22
1-21
9- 5
9-20
9-20
i 9- 1
8-21
9-15
9-14
10-15
10-1
11- 1
1-31-46
50c
(irreg.)—
5%
9-11
9-29
10-15
10- 1
10- 1
9-12
9-26
$7.50
$2.25
$1.37Vi
$1.50
1st preferred I accum.)
American Telephone & Telegraph (quar.)—
$6
Canners.
When
Per
v
_
$1.50
10- 1
9-14
$25c
9-15
8-31
£-14
Canada—"0
t
'.4^V/:
....
^
/• •:/'<
-
-J V
^■
/-/v./-''/■
V;
•
;■
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
rex
1
Payable
87 VaC
Pittsburgh RR. (quar.)_
Erie &
When
Share
Name of Company
Pennsylvania State tax of 7Vac.
Erie Railroad Co.—
5%
preferred (quar.)
9-10
Holder»
Per
of Rec.
8-31
Name of Company
Greenwich Gas,
Less
Cleaner—
Inc., common (quar.)
I
9-14
11-16
9-
8
30C
10-15
10-
10-15
10-
5
preferred (quar.) ___
Plantation Co. (increased)
Ex-Cell-0 Corp. (quar.)Exchange Buffet Corp
25C
10-
10c
9-15
8-31
Exolon Company
15c
9-17
9-
5%
50c
Ewa
Greyhound Corp.,
1
9-15
65c
10-
1
9-21
9-
5
9-10
preferred
Griggs Cooper & Co., 5%
Corporation
Group No. 1 Oil Corp
Realty, 69b preferred
Oil Corporation
(quar.)
Gulf
Gulf
10-
1
9-
8
Gulf States Utilities Co.
$4.40 pfd.
Hall (C. M.) Lamp Co
1
9-
8
9-29
9-15
$1.25
9-29
9-18
$1.25
12-20
12-18
$2.50
10-
1
6-15
35c
10-
1
9-20
37 Vac
10-10
25c
9-20
9-29
9-15
75c
9-20
8-22
30c
9-10
10c
Power
9-29
9-17
9-15
8-31
Co.,
$6
~
Watch
Co.,
6%
5%
2nd
preferred
9-
4
Harshaw Chemical
5
Hart
5
Hartman Tobacco
10-15
10-10
9-
Hazel-Atlas
9-
8
Hazeltine
50c
9-14
9-
7
Hearst
79b
Finance Co. of America at Baltimore—
A
15C
9-15
9-
5
Hecla Mining Co.
Class
B
15c
9-15
9-
5
Heileman
lc
9-15
9-15
75c
9-15
9-
40c
II"
62 VaC
(quar.)__
17 VaC
__I
I
IIIIIII
-IIIII
1
11-20
9-12
Co.
of Canada
25c
9-15
8-25
9-15
8-25
Hinde
&
Dauch
9-
Hinde
&
Dauch
75c
10-
8-25
8-25
$1.50
10-
1
25c
IIIIIII
10-
1
9-
1*
9-
1*
9-
1*
10c
9-20
9-10
9-15
9-
68 3/4 C
9-15
25c
75c
9-11
10-
1
5
9-
5
9-
1
9-21
10-
1
9-10
$1
9-24
8-30
10c
I
preferred
General Box
(quar.)
Co. (quar.)
9-24
8-30
$2
General Bottlers, Inc.—
55c convertible preferred
(quar.)
1
9-15
10-
1
Corp.
General Candy (quar.)
.-IIIIIIIIIIIIIII
General Cigar Co., common (quar.)
II
General Electric Co., Ltd., ADR—
American dep. rets, (final)
9-15
9-
1
20c
9-12
9-
1
25C
9-15
9-
5
25c
9-15
8-14
34 Vic
8-30
7-24
25C
11-25
11-10
30c
pfd. A
11-25
11-in
5c
10-15
10-
1
10-15
10-
1
25c
9-10
(s-a)
6% preferred B (s-a)
Common (quar.)
"I
Extra
General
Fireproofing Co.,
preferred (quar.)
co~mmonIIIIII_II
8-24
$1.75
Corp.
General Mills, Inc.—
5% preferred (quar.)
General Motors Corp., common
$5 preferred (quar.)
General Outdoor
10-
1
9-20
25c
General Instrument Corp
General Precision Equipment
10-
2
9-15
9-15
25c
(quar.)
9-
1
9-10
75C
9-10*
8-16
11-
1
10-
8
11-15
11-
1
50c
9-15
Hotels Statler
9-15
9-
5
and class A
25c
9-15
9-
5
Railway Signal,)! common
(quar.)__-i
General Refractories Co.__
25c
10-
1
9-11
$1.50
10-
1
9-11
Class
,
Corp., common
A
Extra
on
common
"eral
6%
preferred
General
Reinsurance
9-27
20C
9-15
50c
Corp
I.IIIII
Power $5 preferred
9-
5
9-
8*
25c
9-15
10-
1
9-15
$1.50
7 preferred (quar.)
®afety Razor, $5 preferred <quar.)_
2
10-
1
9-15
$1.25
(quar.)
10-
$1.25
pf"eral Time Instruments Corp
Georgia
11-
1
10-
1
25c
9-15
9-
4
25c
cJrHil
9-11
9-
3
9-20
9-
1
9-20
8-31
30c
50c
Ghdden
4vV
Insurance Co. (N. Y.)
Co-common (interim)
t Preterred
Goebr'^n™*^6'
Sld i ?fe7ng
40c
(quar.I_
0
Preferred
Co. (quar.)
10-
1
9-12
10-
1
9-12
10-
1
9-12
$1.75
(quarJ
10-
1
9-20
9-12
5c
8-14
2
9-15
10-
$1.50
Ooodrth (B pe!e?aph (0uar->—
prefmedF'.>cuCa°r?» C°""n°°
50c
9-18
9-
$1.25
9-29
9-14
4
^nrpf Tir^ & Rubber-
50c
oort'oTpt,anpf^cturin8 cVtquarT:::.::::
Grand
o
■
G«at W«1
6%
6%
Great
GW
Grepnt
ief
9-
Hubbell
10-
1
9-21
9-25
9-15
9-10
8-20
40c
10-
1
10-
1
9-10
9-15
9-8
10c
10c
9-15
8-20
15c
Engineering Works
9-15
9- 7
Paper Co., Ltd.—
$25c
10-
1
9-
4
$25c
barftlC; Preferred (interim)—.
S?rred„,ln,erim)
10-
1
9-
4
pref.erred (quar.)
'
Western^ (SUar->-~------------
purred8S.,C™m°n !F!W
ananea Copper(B.) Wire
(Harvey)
Co^VtilTquaTJIIIIIi:
It-
■•
12-
5
1
99-
4
9-29
9-
4
Inc.
10-
1
9-18
9-12
9-
7
9-29
9-
1
9-12
9-
1
12-
8-31
9-27
9-
1
9-20
9-
8
Lone
Star
9-29
9-20
Lord
& Taylor,
9-10
9-
1
9-25
9-10
8-20
9-20
9-10
150c
10-
Common
69b
(quar.)
9-10
9-10
10-
8-10
8-10
preferred
9-10
Inspiration
Lynn
12-20
$1.75
75c
10-
2
9-10
9-29
10-
9-18
1
8-14
9-29
8-14
and
Stock
Bond
International
Bronze
preferred
69b
International
International
30c
10-15
50c
1
9-15
9-20
10-
5
$1.25
10-
9-
5
1
9-12
9-29
8-31
Copper
30c
10-
1
9-10
9-15
9-
1
9-29
9-19
9-24
9-
7
Ltd.—
40c
(irreg.)
com.
Corp.
(quar.)
7-31
Co.
120c
10-15
9-15
—
$1.50
9-10
8-22*
9-11
8-28
10-15
9-15
1 t$1.12 Va
65c
10-
1
9-10
135c
10-
1
9-10
9-29
8-30
(quar.)
International Metal Industries, Ltd.—
(interim)
Class A
4%%
preferred (initial quar.)
International Nickel Co.
International
Ocean
Telegraph
International
Paper. 5 9b
International
Salt
International
Silver Co.,
International
Textbook
40c
of Canada, Ltd
conv.
$1.50
(quar.)
pfd.
(quar.)_
79b
pfd. (quar.)
—
(John)
Shoe, 6 9b
Jaeger Machine Co
Jamaica Public Service,
preferred
(accum.)
common
(quar.)
—
(ouar.)—
Telephone,
Inc., common
preferred (quar.)—
Tea Co.,
4V\9b
Johns-Manville
Johnson
10-
1
9-14
9-12
8-20
Corp.
preferred
8-31 5
25C
9-15
9-
1
35C
10-15
9-24
175C
10-15
9-15
9-
5
$1.95
9-15
9-
5
$1.80
9-15
9-
5
30c
1
11-10
9-15
8-31
12-
10-
1
9-10
9-10
8-31
17c
10-
1
8-31
x$1.75
10-
1
8-31
xl3/4%
10-
1
8-31
xlV4%
10-
1
8-31
xl V4%
10-
8-31
9-10
8-20
9-29
9-3 5
$1.50
35c
$1.06 V4
75c
—
Johnson (s-a)
Laughlin Steel, common
1
50c
25c
(quar.)
10c
&
25%
10-
1
9-10
9-20
319-
1
7
9-15
9-15
8-31
9-
6
10-18
9-
9-27
9-13
11-1 ;
--
17 Vic
$2
$1
9-29
9-19
37 Vic
9-28
9-11
9-10
8-17
9-
T-
$1.75
10-
1
9-
T
$1.50
9-15
9-
1
10c
9-15
9-
I*
9-13
8-
1
88C
tl2VaC
10-
1
10-
1
(quar.)_
9-2r
9-29
9-
7
9-15
9-
1
9-15
8-15
8-31:
•
$1.25
conv.
redeemable
Master Electric Co.
Mastic
preference
(quar.)_;
10-15
preferred
3
1»
8-20
9-20
8-31
9-15
8-18
9-10
8-25
9-15
9-
1
25c
9-29
9-
5
$1.75
9-29
9-
5
preferred (quar.)
1st preferred (quar.)
Refrigerating Co.,
Class A (quar.)
Stores
Merchants
&
Merck
&
Co.,
Co..
1
9-20
9-15
9-10
10c
9-10
8-31
43 3/4 c
11-30
11-28
25c
9-28
9-18
10c
12129-
77
9-12
9-
50C
9-15
8-31
9-29
9-14*
10-
1
9-20
$1.12Va
10-
1
9-20
$1.31 ¥«
—
10-
1
9-20
$1.50
9-14
8-30
20C
9-10
Co.
9-
62 V2C
—;—
1
L
9-17
9-
$1.75
9-29
9-20
97 VaC
10- 1
25c
(quar.)
9-12
9-
1
15c
9-15
9-
5*
5c
—
9-15
8-31
—
Refineries,
common
Convertible
preferred (quar.)—
Midland : Oil Corp. $2 conv. pref. (accum.)
37 Vac
9-15
9-15
25c
10-
50C
—
5c
common
1
9-29
,:r
9-
4
8-31
9-
9-18
10-15
10-
5
9-15
9-
1
?6C
Co
Minneapolis-Honeywell Regulator. commonMinnesota Mining & Manufacturing Co
Mississippi Power Co. $G pfd. (quar.)Missouri-Kansas Pipe Line, common (irreg.)
.
•
9-10
8-^5;
35c
9-10
8-31
Carpet Mills, Inc
1
9-20
50c
9-29
9-12
2 VaC
9-29
9-12
9-10
8-26
.
.
9-10
9-
50C
20c
Mojud
a-.
\
—'—
10-
$1.50
(irreg.)
62 Vac
-
10-
1
1
9-15
.
•
;..."
$$1.75
10-
1
9-14
$$1.25
preferred
,
1
9-15;
25c
—
—
59b
v
%
9-10
—-—
pfd.
Company
10-
35c
Mid-West
79b
1
50c
V;
(quar.)
Corp.
5% preferred
'•■■'7' ••
1
5
25C
preferred (quar.)
Metropolitan Edison 3.909b
•
2
4;
9-12
common—
Michigan Steel Tube Products
Micromatic Hone Corp., common
>
41
12- 5
35c
(quar.)—-
79b
B
9-
12-
Metal & Thermit Corp., common (quar.)
Class
9-29
12 VaC
—
common
preferred (quar.).
preferred (quar.)
Mergenthaler
Linotype
Co
Midvale
910-
25c
Miners Transportation
Machine
8-30
9-15
10-15
30c
514 9b
Mesta
9-10
20c
35c
common—_—
4149b
Messer Oil
10-
15c
59b
Merchants
Mercantile
11-20
11-30
$7
30c
(quar.)—
Hosiery Co., common
preferred
(ouar,)-_
Monarch Knitting Co., Ltd.—
9-15
9-15.
9-10
5c
Mengel Company—.
—- —
Mercantile Acceptance Corp. of California—
•
9-
9-15
1
9-30
$1
8-30
12-
9-20
30-
>
9-20
35c
—
9-10
1
5«
9-11
*62 VaC
(s-a)__
—
•20c
9-15
9-
1
10-15
12-3
Corp.
Mohawk
10-
'9-15
10-
5
25c
(reduced quar.)
Mathieson Alkali Works, common.
79b
preferred
(quar.)—:
Matthiessen & Hegeler Zinc—
79b preferred (accum.)—
Martin-Parry Corp..
Matson Navigation
(quar.)
Maxson
(W. L.) Corp.—
McClatchy Newspapers, 79b pfd. (quar.)
McCrory Stores Corp. (quar.)
McGraw Hill Publishing Co—
McKesson & Robbins, common (quar.)——
Asphalt
8-31
12-15
1
Massey-Harris Co., Ltd.—
Miller Manufacturing Co.,
15c
5
9-15
Corp., common (quar.) ———
Massachusetts Investors 2nd Fund (iireg.)_
Class A (quar.)
Minneapolis
Brewing
15C
9-
8-29
Masonite
9-15
$1.12 Va
1
9-15
—
$1.50
-
8-31
9-15
10-
9-18
8-31
—
12-221
1-2-46
25c
8-27
10-
—
'
8-31
$1.62 Va
9-
9-15
preferred (quar.)
9-17
1
10-
10-15
(quar.)
1
10-
9-14
$1
Common
10-
9-15
$1.50
.
-
$2
25C
.
9-29
1
'
12-22
50C
9-
Katz Drug, $4.50
1-2-46
$2
(irreg.)
C.)
(quar.)_
1
9-10
9-21
'9-10
(R.
10-
2
8-25
1
10-
15c
$1.25
10-
8-25
9-10
$1.10
40:
1
$1.75
9-10
10-15
12VaC
9-
Vegetable Parchment Co.—
Common (quar.)
1
9-10
50c
25c
Car
8-25
Kalamazoo
10-26
9-17
11-
$1 12 Va
$$1.25
1
9-10
;
—
(quar.)—
10-
8-30
1
43c
$1.25
8-30
1-
9-UP
$1.25
preferred A (quar.)
5% preferred B (quar.)
Joplin Water Works, 69b preferred (quar.)_
joslyn Manufacturing & Supply Co.—
1
10-
9-15
$1 62'*
1
1
1
10- 1
(quar.)
9-
,69b
8-25
9-10
11-
»
$1.75
Steel—
8-31
1
1
37 Vac
QVaVo pfd.
6
(increased)
*
15C
(quar.)_
pfd. (quar.)_
(quar.)
10-
59b
-
9-15
10-
15c
50c
&
8-25
50c
(quar.)__
Jones
8-25
9-10
31 Wc
69b
37 VaC
5
9-15
V
9-15
$2.10
9-
9-15
25C
__—
Mahon
$4
$1.25
69b 1st pfd. iquar.)_
Jefferson Lake Sulphur, 79b pfd. (s-a)
Jewel
$1.75
37 Vie
preferred A (quar.)
79b preference B (quar.)
5% preference C (quar.)—
59b preference D (quar.)
Jamaica Water Supply Co., com. (quar.)—
Jamestown
7
9-15*
15c
79b
preferred
9-
1
9-15 ;
9-15
20c
Mallory (P. R.) & Co., common
4(4%
convertible preferred (quar. )___—$ 0.265625
$1.25
Mangel Stores Corp. $5 pfd. (quar.)
$1.75
Marion Water 79b preferred (quar.)—_—
$17 Vac
Maritime Tel. & Tel., Ltd., com. (quar.)
$17 VaC
7% preferred (quar.)
40c
Marsh (M.) & Sons, Ltd. (quar.)
Marshall Field & Co. 4149b pfd. (quar.)
$1.06V4
&
Irving Trust Co. (N. Y.) (quar.)
$5
9-29
9-15
10-
50C
Co
Engineering Corp.—
Special
1
Interstate Department Stores,
Inc. (quar.)
Investment Foundation, Ltd.—
69b convertible prefererd (quar,)—
Iowa Southern Utilities, 79b pfd. (accum.)__
6 ¥2 9b preferred (accum.)
69b preferred (accum.)
Iron Fireman Manufacturing Co. (quar.)
Irving
2
50c
Co
Interstate Aircraft
$1.25
10-
12-21
1
9-14
(R. H.) & Co. (quar.)
Copper Co.
Magnin (I.) & Co. (quar.)
9-15
10-15
30c
(quar.)
(quar.)
Machinery
Harvester
9-31
137 Vac
Powders,
12-31
—
$1.62 Va
9-30
10-
•
$1.25
25c
(quar.)
Cigar
10-
1
8-30 ;
Ltd
Structural
Magma
Magor
75c
15c
shares
59b
9-15
9-29
Mines,
r
8-25 1
9-14
10-
35c
(quar.)
& Electric
MacKinnon
I
9-22
-
(Tenn.)
Lyon Metal Products, Inc.
Macassa
5 '
$2
9-14
9-29
9-
10-1
Macy
Inc
Institutional Securities.
Dreferred
Gas
:
$3
(initial quar.)_-_-
Co.
9-20
3%
Consolidated
M.)
9-29
25c
(s-a)
Investors,
(Walter
Lowney
10-
9-22
11-
62 VaO
(quar.)—
12-30
87 Vac
preferred (quar.)
Indianapolis Power & Light
Indianapolis Railways
Indianapolis Water, 59b preferred (quar.)—
Industrial Acceptance Corp., 5% pfd. (quar.)
Industrial Brownhoist Corp.—r
60c conv. 1st preferred (accum.)
Industrial Silica Corp., 6%% pfd (acciim.)_
2
1
1
(quar.)
Lorillard (P.) Co., common (quar.)
7% preferred (quar.)
Ludlow Manufacturing & Sales Co. (quar.)_
Louisiana Land & Exploration (quar.)——1
Louisville & Nashville RR.
(quar.)
6Mi9v
$3
10-
10-
8-29
common
$1.25
"
Inland
Co.
Gas
Lunkenheimer Company,
Indiana Gas & Chemical Corp.—
10-
$15c
9-15
<
$1.23
__.
10-
1
9-13
Works.—
9-15
110c
40c
4
13-15
25c
7"
1
*$1
Imperial Tobacco Co. of Canada, Ltd.—
$75C
9-
10-1
25c
IOC
,—
9-11
37 V2C
Mortgage Corp. (quar.)
Huttig Sash & Door Co.—
59b preferred (quar.)
59b
preferred (quar.)
Hyde Park Breweries Assn. (irreg.)
Ideal Cement Co. (quar.)
Illinois Bell Telephone
Imperial Paper & Colour
$75C
9-lfl
62 VaC
—
Lindsay Light & Chemical, .79b pfd (quar.)_
Liquid Carbonic Corp., 4Va.9b pfd. A (quar.)
Little Miami RR. special gtd. (quar.)
Original
—-—
7
Lock Joint Pipe Co., 89b pfd. (quar.)
8% preferred (quar.)
Common (monthly)
Lone Stav Cement Corp. :(quar.)———
—
8-29
40c
5
30c
11-21
-
8-28;
9-15
5c
—
1
90c
8-15
9-
25C
$1
Lincoln National Life Insurance Co
9-15
1
8-21
1
40c
Insurance
Locomotive
Lima
10-
*50
30c
dividend)
(stock
8-15
9-15
20c
(quar.)
Liggett & Myers Tobacco, 79b
Lily-Tulip Cup Corp. (quar.)
Quarterly
62 VaC
(quar.)
preferred (quar)—
Joy Manufacturing (quar.)
25c i.
Life &; Casualty
1
9-29
10-
30C
Huron & Erie
Common
Saddlery Co., Ltd.—
"
12-15
10-15
~
9-31
250
425c
Llbby-Owens-Ford Glass
Liberty Aircraft Products Corp.—
$ 1 25 preferred
$1.12 Va
:
Hudson Bay Mining & Smelting (quar.)
Oil & Refining Co.
(quar.)—
9-10
40c
Fn^nden?nlty Co' (N- Y' >-—
3
35c
Humble
1
*
2nH
Greening
9-15
10c
°Am^h-°PS Inc" (Californiaj""(qua"r.)I"
Partic
8-31
35c
J* PFe'feTred^Yquar11)111011 Gncrease<^
82
8-15
9-15
75c
Flsberics (quar.)
jgS3cVn""'sh----~:--::
Great
Great Lakea
Great Lakes
at T
8-15
9-15
50c
common
9-15
$1.25
20c
$5
9-
$1.50
(quar.)
$1.06 V4
—
40c
56V4C
(quar.)__
10-16
9-15
Co.
15c
Houdaille-Hershey class A (quar.)
Houston Lighting & Power Co. (quar.)
9- 5
50c
General Phoenix
pfd.7quar.ji
10-26
Salt
9-15
.
9-15
1
Refineries
Leonard
25c
Internat'l Business Machines
10-
$1.25
$1.50
6%
9-18
11-
,—
7
$1.25
Advertising
9-28
50c
—
5c
General Finance Corp, 5%
8-31
tlOc
(quar.)__
Company, common (quar.)
4 Va 9b
preferred (quar.)
9-10
133/4C
General Bronze
7%
30-
1 VaC
II
8-28
9-10
8-21
1
•
Ltd.—
9-12*
9-29
25c
62 Vac
,
9-15
25c
9-1
Corp.—"
__•
Mines,
Oil
9-15
General Baking Co.—
8%
Gold
$4.25 preferred
1
B
9-19
25c
class A__—
Honolulu
9-29
50c
Hoover
10-
class A_
9-14
Hooker Electrochemical—
$$1.37
Class
Consolidated
1
1
Corp.,
8
9-12
$1.75
(John A.)
Steel
9-155
10-
——
Lawyers Title Insurance Corp. (Va.) —
■69b
preferred
(s-a)
Leath & Co., common
.$2.50 preferred
(quar.)—
Lehigh & Wilkes-Barre Corp
Lehn & Fink Products Corp. (quar.)
8
9-
50c
(quar.)
4
9-29
(quar.)—
5
9-
1
$25c
(quar.)
Sons
9-
10-
Film
Co.
&
(A.)
9-
30c
Co.
9-15
9-15
25c
i
1
9-
9-25
.
$1.50
& Sons (quar.)
Lanett-Bleachery & Dye Works—
Lang
9-20
1
9-12
5c
25c
9-
1
10-
25C
25C
9-15
1010-
1
.
Kresge (S. S~.) Co~ (quar.)
—
Kroger Grocery & Baking Co.—
6% 1st preferred (quar.)
79b 2nd preferred (quar.)
La France Industries 6 9b pfd. (initial quar.)
Laclede-Christy Clay Products Co. (irreg.)Lake Shore Mines, Ltd. (quar.)-—Lamaque Gold Mines, Ltd. (interim)
Lamson & Sessions common (increased)
$2.50 preferred
(quar.)
Landis Machine Co., common (quar.)__
Lane Bryant, new common
(initial)
„
1
9-
(quar.)
Latrobe Electric
30c
Quarterly
Hollingsworth & Whitney (quar.)
Holt (Henry) & Co., Inc.—
1
$20c
&
Furnace
9-15
$$1.25
Aniline
Holland
:22c
9-15
Inc.
4
$1
1
10-
Co.,
9-
9-15
2 Vic
Leslie
(quar.)
9-
$1.75
Emili
9-
15c
9-15
12 VaC
(D.
9-15
$1.50
8-14
25c
Paper of Canada (quar.)
Paper Co., common
9-15
$1
9-14
$1.25
(irreg.)
8-31
1
10-
25c
9-14
1
$1
common
12 VaC
Quarterly
1
Co.—
&
9-15
20c
9-
9-25
9-12
common
9-15
20c
Corp. (quar.)
Honolulu Plantation Co
(quar.)___III
Transportation
9-
15c
1
!__
(quar.)
9-14*
50c
common
10c
Co., common
5
9-15
1
1
preferred (quar.)
Kinney Manufacturing Co., common__
$6 non-cumulative preferred (quar.)
Lane-Wells
(quar.)
Co.
Light,
preferred
Hollander
:,$1
9-
1
1
9-15
9-12
10-
convertible
25c
Bartlett
9-
9-29
1010-
8-27
9-22
9-15
37 Vac
King-Seeley Corp.
43 3/4 C
(quar.)
9-15
5
1
$1.25
tquar.)_
50c
10-19
1
6% preferred
$1
10-
8-31
.
$1.75
25c
(quar.)
preferred (quar.)—
5Vi% preferred (quar.)
IIIIII
Garrett Corporation
Gaylord Container Corp., common (quar JII
5¥2% preferred (quar.)___
Gemmer Manufacturing Co., class B
I
Class A
1
General
9-15
9-28
f
1
$1.12 Va
(quar.)
25c
9-12
9-
9-15
10c
50C
25c
5%
General American
9-20
9-12
75c
(quar.)
$35c
-
Company, class A_
Power
$4
9-28
9-26
25c
Common
Hollinger
Investors
(Robert)
9-15
9-15
Hilo Electric
9-24
$25c
class A__
1
10-15
30c
8-31
5
9-11
Publications, Inc.—
Co.
62 VaC
Brewing Co. (quar.)_Fox De Luxe Brewing Co. of Indiana
(qua'r.)
Fox De Luxe Brewing Co. of Michigan
(quar.)
Fuller Brush Co.,-7% preferred-
Gatineau
Rubber
9-
9-15
9-11
9-25
*
Co.
Spencer,
(Monthly)
(Monthly)
-
9-11
9-25
(quar.)
preferred
9-12
10-
6
9-25
J
4Mi 9b
1
Kleinert (I. B.) Rubber
Knudsen Creamery Co., common
10-
8-23
10-
1214c
Klein
20c
Co
Hibbard,
1
10-20
9-17
9-10
37 Vic
—-t.—
■»
9-15
1
8-31
1
$2
9-
$1.75
(quar.)
Creamery
9-10
(Peter)
Fundamental
Hewitt
8-29
$25c
Foundation
Hershey
9-15
(quar.)_III"~
Foreign Light & Power— 6% 1st preferred (quar.)
Foster Wheeler Corp. (quar.)
Fostoria Pressed Steel Corp.—
Gabriel
9-19
1
9-13
8-31
9-15
10-
25c
-
.
$1
Class B
Gair
12-
15c
Co. of Canada,
Ford Motor
Fox
7
10-
15c
(quar.)
Powder
50c
Co.
Wallace, $3 class A
Forbes &
9-29
9-
15c
Stores;(quar.)__
Foote-Burt
1
8-17
Hercules
8-25
$1.25
(G.) Brewing Co
preferred
9-10
$1.25
(accum.)
Heywood-Wakefleld
common
$2.50 preferred
10-
$1.75
....
Food Fair
9-10
79b
& Co
Mills
Extra
59b
8-31"
8-28
9-15
20c
Kidde (Walter)
6
35C
Hein-Werner Motor Parts Corp
Helme (George W.) Co., common
5
Extra
9-29
9- 8
30c
9-
8-31
8-31
(quar.)
9-20
$1.12%
Corporation
Class
County Land Co
Keystone Steel & Wire Co.
8
9-15
9-29
25C
9-
8-31
9-14
25c
9-15
1
*
9-25
25c
Kilburn
9-15
9-15
(quar.)
Kimberly-Clark Corp., common (quar.)
9-15
1
Special
8-31
10-
■
10-
J$1
9-20
$1.50
common
Co.
Copper
9-15
Ltd
1
25c
Co., $3 pfd. (quar.)
preferred A
10-
Canada,
9-15
(quar.)
(quar.)
Consolidated
7
1
1
Kern
7
9-
15c
Ltd_
Glass
9-
1
20c
preferred (quar.)
Haverty Furniture Cos., $1.50 pfd.
9-12
1
10-
57c
$4
9-21
10-
of
25c
common
Co.,
Battery Co.,
9-20
5
4
9-
10-
37 V2C
15C
Harrisburg Gas 7% preferred (quar.)
Harrisburg Steel Corp. (reduced)
99-
9-10
$1.50
(quar.)
(quar.)
Harnischfeger Corp.,
common
59b preferred (quar.)____
9-10
9-10
9-29
Kennecott
8-31
9-
9-14,
1
37 Vic
(quar.)
Kelvinator Co.
of
9-15
40C
(Julius) & Co. (increased)
Keisey-Hayes Wheel Co., class A (quar.)
Class B
10-
$1.50
Kayser
Holdcre
Payable
Share
$1.10
(quar.)
preferred
9-25
:
9-25
$1.50
4'/a% preferred (quar.)
(M. A.) Co., common
Harbison-Walker Refractories Co.—
25c
...
1
9-13
9-22
Hanna
25c
(quar.)
10-
common
Co.,
20c
.
preferred
preferred
(initial)
Hammermill Paper
9-10
$1.75
;
(quar.)
$1.25
4%
$1
50c
Co.
9-10
(W. F.) Printing (quar.)
Haloid Company
(quar.)
50c
Inc. (quar.)
Co. of New York
Fifth Avenue Coach.
Stove
1
Hall
8-31
25c
._
'
preferred
10-
Name of Company
Kansas City Power & Light Co.—
$6 preferred
(quar.)
9-10
25C
8
Fiduciary Trust
$4
1
25C
Fidelity Fund,
Florence
10-
Extra
9-17
10-
(quar.)
(accum.)
9-
& Gas Corp
___
Felin (J. J.) & Co., Inc
:_
Fenton United Cleaning & Dyeing, common
Co.,
35c
25c
Guilford
Hamilton
(quar.)
;
:
(quar.)
Financial Industrial Fund ~ (irreg.)
Fireman's Fund Insurance Co.
(San Francisco, Calif.)
(quar.)
First Bank Stock Corp.
First National Stores,1 Inc. (quar.)_
First State Pawners Society
(quar.)
Fitzsimmons Stores, Ltd'.—•7%
preferred (quar.)
9-11
$50
1
Federal Water
Fllntkote
preferred
1
37 Vic
preferred (quar.)
;
$5 preferred (quar.)
Farmer3 <te Traders Life Insurance (Syracuse,
Quarterly
Federal Insurance Co. of N. J. (quar.)
Fedders Manufacturing Co
(quar.)
Enamel Corp.___
9-20
1
,
(quar.)
10-
$5
Ferro
(quar.)
10-
37 VaC
preferred
9-20
1
10-
Grinnell
7
Fansteel Metallurgical Corp.—
7%
1
10-
$1.06V«
common
37 Vac
preferred A (quar.)
$1.50 conv. preferred B (quar.)
Fanny Farmer Candy Shops (quar.)
Federal Bake Shops Inc
:
Federal Mining & Smelting
Federal-Mogul Corp. (quar.)
Federal Motors Truck Co._
10-
$1.50
pfd. (quar.)__
3c
pfd. (s-a)
$1.50 conv.
Extra
4 V4 %
9-20
When
Per
of Reo.
1
24c
69b
20c
Falstaff Brewing Corp., 6%
Family Finance, common
10-
$0,049
Greenwich Water System,
5
10c
Payable
31V»C
Participating
12-
Holdert
When
Share
preferred
Common
$1.25
12 Vac
Eureka Vacuum
Eversnarp,
$1.25 partic.
1209
10-
1
9-14
~
r
THE COMMERCIAL & FINANCIAL CHRONICLE
1210
A
i
X
Per
( ' '
(quar.)
--———Monarch Life Ins. (Springfield, Mass.) (s-a)
W
9-
Pacific Indemnity Co. (quar.)
Pacific Mills (increased)—:
1
133/4c
9-15
9-
1
$1.75
10-15
10-
1
Pacific
7%
•
f
preferred
Monroe
$4.50
A
1
87 %C
10-
1
9-15
$2.25
(s-a)-
12-
1
11-10
12-
1
11-10
1
ll-i*»
12-
$2
(quar.)
10-15
$1.75
99-
I
Montreal
I
Cottons, Ltd., common (quar.)—
(quar.)_—
Montreal Loan & Mortgage Co. (quar.)
$31%c
Moore
$55 %C
10-
1
1
$$1
Corp., Ltd.,
(quar.)
common
9-15
8-15
$$1.75
preferred
9-15
8-15
9-15
8-31
.7 %
preferred
A
(quar.)
t $ 1-75
10-
7%
;
preferred
B
(quar.)
t$1.75
10-
7%
preferred
Motor
(quar.)
8-31
1
9-24
10-
$1.75
Corp.
30c
9-10
40C
9-28
9-14
(quar.)_
(quar.)
Mullins Manufacturing Corp.—
Brass
$1.75
v\$7 preferred (quar.)
Muncie Water Works
$2
9-15
9-
25c
9-29
9-13
8%
Co.,
Ring
Piston
9-28
9-20
(1.50
12-28
12-20
37 %c
10-15
9-29
$1
9-28
9-15
(1.50
—
—
9-17
Co.,
7
9-
10-
15c
12-
1
11-
"rational
I
Biscuit
30c
10-15
9-
(quar.)_.
common (quar.)
Co.,
Breweries, Ltd., com. (quar.)
7% preferred (quar.)—
National Cash Register (quar.)
National Casket $7 preferred (quar.)——
National City Lines, Inc. (quar.)
National Container Corp. (Del.)—.
National Cylinder Gas Co., com.
(quar.)__
National Dairy Products Corp
National Discount Corp., com. (quar.)
J-5% 'preferred (quar.)—.
National Folding Box
(irreg.)
National Lead Co., common (quar.)
s
H'
7%
preferred
A
6%
preferred
(quar.)
Service, common
National
Linen
National
Gil
National
Radiator
National
Rubber
7
9-
7
9-28
9-29
9-15
25c
9-15
9-
1
9-10
8-15
9-10
8-10*
35c
9-10
8-20
50c
9-10
8-31
20c
20c
"
9-10
$1.25
12 %C
9-24
9-29
9-10
9-15
$1.75
11-
$1.50
,
8-31
1
10-
50c
8-27
10-15
1
(quar.)
10-
25c
—
25c
1
9-15
9-28
10-
15c
9-18
1
9-10
Co
25c
9-21
9-
National Standard Co. (quar.)
National Steel Car, Ltd. (quar.)
50c
9-25
9-10
National
Steel
National
10-15
$25c
Sugar Refining
10-
35c
Nehi
12 %c
Corporation,, common
$5.25 1st preferred (quar.)
Neisner Bros., Inc. (quar.)
1010-
9-
4
9-15
1
1
9-15
25C
1
9-15
9-15
$1.31 y4
8-31
New England Public Service—
:|
$7
/I
prior
Haven
Common
$1.12%
9-15
8-31
37 %c
9-20
9-
7
Powdrell
25c
9-29
9-
4
Powell
9-29
9-
7
Power
9-
7
$1
10-
$1.75
10-
Potter
I
6%
1
9-11
9-10
8-20
Pressed
10c
9-14
9-
New
York
City
75c
9-25
9-13
preferred
Newberry
5%
••j
(J.
——
J.)
preferred
9-29
1
9715
10-
33c
6y2%
preferred
Newmont Mining Corp
10-15
37 %c
9-15
9-15
9-
_
11-
8-31
9-15
J25c
10-
9-
share
100
every
proval
v,6 %
Co.,
(stock div.)
common
Pacific
Gas
held
shares
&
Electric
(Subject
to
1e/o
North
River
60c
Corp.,
convertible
20c
(quar.)
(quar.)
(quar.)
(irregular)
(initial quar.)_.
preferred
Elevator
6%
Ottawa
Ottawa
Ottawa
5%
Car
&
10-
1
9-21
9-10
/
8-10
9-15
8-31
9-15
9-
12-15
11-30
9-15
8-31
10-
1
8-27
$1.50
10-
1
9-11
50c
9-15
9-
1
10-
1
9-10
$1.25
10-
1
9-10
40c
9-15
433/4c
9-
9-20
5
9-29
9-
$1.75
9-15
9-29
$2
10-
1
(quar.)
$$1.25
10-
1
9-15
25c
common
9-21
9-10
$25c
(quar.)
11-15
10-15
$$1.75
11-15
25c
9-20
8-22
$1.50
9-20
8-22
common
Aircraft,
8-31
;
Ltd
$25c
Electric
Ry.
(quar.)
Light, Heat & Power, com.
(quar.)
I
(quar.)
(Minn.),
common
10-
$50c
/
/
10-
10-15
1
9-
1
9-
1
1
(quar.)
$15c
10-
1
8-15
$$1.25
10-
1
8-15
50c
9-10
(quar.)
$1.06 V*
10-
1
$1.12%
10-
8-31
1
9-15
9-15
25C
9-
9-13
9-
40c
Pacelot Manufacturing (quar.)„__
American Investors, Inc.—
9-13
25c
—
9-31
8-22
7
7
Pacific
$5.50
conv.
prior
preferred
Preference (quar.)
Pacific Coast Aggregates
■\
$1.37%
.
10-
■■
1
10-
37 %c:-
1
5c
■
•'
-r
i/.V: :
•"
9-15
.
■
-a
9-
/
5
8-25
9-12
9-10
50C
10-
50c
10-22
20c
9-12
$1.00
$1
25c
1
9-
Co.
of
Scovill
Sears
10-15
10-
10-
$2.50
9-12
9-
9-10
10-
2
9-10
1
9-
5*
9-15
9-
1
9-15
9-
1
9-15
1
6%c
10-
1
62 %C
10-
1
10-15
9-
1
9-28
10-
1
9-
10-
1
Silk
7%
1
10-15
9-14
8-15
9-14
A
Bit
$1.60
10-
1
10-
Electric
9-29
9-29
50c
$1.75
50c
(quar.)__
$1.25
20c
75c
$1.50
-
(quar )__.
^
25c
87 %c
9-25
10-
1
9-15
$1.50
933/4C
2%c
9-15
9-
Richardson
t
i *
'
* i
11-30
11-
1
9-15
rL
9-21
9- 1
10c
9-14
8-16
9-29
8-30
9-15
9- 1
9-15
9- 1
v
9-15
9- 1
25c
9-14
9- 5
:50c
$$1.12%
(quar.)
9-15
8-24
9-15
8-22'
$1.50
(quar.)™
9-14
8-25
9-14
8-25
9-12
8-31'
30c
9-20
9-10
$25c
10-30
9-29
$$1.50
Paper Mills, Ltd.—
(quar.)
,
convertible
8-18*
9-15
9-12
8-31
13 %c
preferred
9- 5
9-15
15c
(quar.)
9-29
9-15
15C
com.
10-20
25c
25c
Co
11-15
11- 1
8-31'
5c
10-
1
9- 4
$1.50
10-
1
9-15
$1
10-
1
9-15
12 y2 c
9-24
9-10
40c
9-28
9-14
$1.12%
10-15
preferred A (accum.)
preferred (accum.)
Manufacturing Co
Penn
Pittsburgh Water, 4Va% pfd. (quar.)_
Porto Rico
Sugar Co., com. (interim)
Oil
(quar.)
10-
1,
9-25
9-10
$2
Inc.,
$1
9-25
9-10
11-15
com.__
35c
12-
1
Telegraph Co., Ltd. (s-a)
62 %c
10-
1
9-25
37 %c
9-15
8-20
$$1.50
10-15
9-20
3iy4C
9-12
9- 3
75c
9-17
8-27*
10c
9-29
9-14
75c
9-15
8-15
10c
9-15
9- 1
10-
1
9-15
10-
California
Edison
Co.—
10-
1
9-
10-29
10-
1
Electric
1
1
1
$4
8-30
10-11
9-20
9-13
10-
1
$4.50 preferred (quar.)
Fire & Marine Insurance
Oil
Co.
of
Indiana
Co.
(Ky.)
Co.
of
Standard
9-15
$1.25
(accum.)
(quar.)
-
$$1.62'/a
1
9-20
11-
1
-
-
1
$l.m'2
10-
1
37 %c
9-25
15c
11-
1
15c
11-
1
25c
25c
$1.50
71c
25c
;
10c
—_
9-29
10-
10-
2
2
999-
5
Prior preference
10-15
50c
Strouss
9-10
Sun
Oil
1
9-10
9-15
8-24
,
Co.
9-29
9-
8
10-
1
9-15
10-
1
9-15
9-10
8-25
9- 1
9-
9-15
9-29
9-15
$1.25
12-29
12-15
$25c
10-
1
9-20
$75c
10-
1
9-20
75c
Q-29
O-IQ
1
9-15
9-20
8-30
10-
1
9-21
$1.25
10-
1
10-
1
7%C
10%
35c
;___
(quar.)
(quar.)
9-12
9-15
9- 8
9- 8
5
8-24
9-
:
ZZZZZZZI
ZZZZZZ
ZZ ZZZZZZ
ZZ
ZZ
ZZZZZZZ
37 %c
9-15
37 %c
(quar.)
9-15
9-
$ lc
9-15
9-
4
4
1
1
,
9-
.ioc
10-
1
9-
30c
10-
1
9-15
9- 1
9- 1
30c
40c
*
J
f* A-*'. *>'vX;i<
10-
25c
ZZZ
*
1
9-10
25c
B
Company
8-31
1
10-
9-29
/
/ Sunset
Swift &
9-15
$1
dividend!
.
$1.75
9-15
8-31
25c
...
Class A
8-10
$1.25
(quar./
Oils, Ltd
Sunshine Mining Co.
Superior Steel Co.__
Sutherland Paper Co.
8-10
9-10
31%c
Wks.
Z_Z
(quar.)
McKee,
/ Class
8-15
9-10
25c
common
common (stock
Hirshberg Co
9-15
10-
$1.25
Acid
,.'5% preferred (accum.)
9-10
1
9-15
t$2
common
Strawbridge & Clothier, $5 pfd. (quar.)_„_
9-14
$1.75
50c
Stokely-Van Camp,
1
9-20
(quar.)
convertible preferred
(quar.)
Sterchi Bros. Stores, 6%
preferred (quar.)
Sterling Engine Co.
;
10-15
9-
10* 1
6%
7
8-15
9-15
50c
25c
(interim)™
.
Sunset
10-
preferred
preferred (quar.)
5% preferred (quar.)
Stedman Brothers,
Ltd.,
7
9-10
9-15
25c
5%
8-31
10-
9-20
11-
$1.12%
common
Stetcher-Traung Lithograph,
10-19
9-15
30c
8-30
10-15
30c
Standard Wholesale
Phosphate &
11- 1
9-28
1
$1.25
Standard Paving & Materials-
9-20
conv.
10-
1
$1
(quar~)__"ZZII'III
9-15
1
Participating
1
9-15,
25c
1
Ohio,
9- 3
9-12
50c
(quar.)
9-30
12-
8-18
9-15
9-
$1.12%
(quar.)
10-
25c
9-10
Co.—-
common
10-
$40c
com._
9-15
$1.13
& Sons,
$1.25
(quar.)
8-30
45c
-
Oil
9-15
$1.50
preferred
Standard
'/.Extra
10-11
Co.—
Standard Fuel Co.,
Ltd., 6% % pfd. (accum.)
Standard Oil Co. of California
(quar.)
9-15
9-15,
10-15
20c
Co
Standard-Coosa-Thatcher
8-23
1
35c
$3.25
(Dallas)—
Standard Brands,
Inc., common!
$4.50 preferred (quar.)—
9-14
50c
$1.50
Co.—
Staley (A. E.) Manufacturing Co.—
; $5 preferred (quar.)
8-27
1
Electric
Inc.,
Quarterly
Squibb (E. R.)
10-
&
6% convertible preferred (quar.)__
Spencer Kellogg & Sons (quar.)
9- 8
9-
9-10
Gas
Springfield
9-
9-12
Co
Associated
9-29
9-
~
Royalty
Sparks-Withington
7
9-15
(quar.)
$1.75
Goods Co., 7% 1st pfd. (quar )
(quar.)__
,
8-25
9-14
25c
Manufacturing Corp.,
Sprague
8-31
all
preferred
I
8-25
1
$1.50
Standard Oil
Engineering Co.,
Company
9-15
9-15
10-
50c
^
5%
preferred
(quar.)
Southwestern Life Insurance
Quarterly
1
50c
(quar.
Republic Steel Corp., common (quar.)
6% prior preferred A (quar.)
Reynolds (R. J.) Tobacco—
3.60%
preferred (initial)
Rheem Manufacturing Co. (quar.)
I
2nd
9- 1
$35c
A_.
Co
(qtiar.)
Southwestern
8-31
9-25
9-15
35c
preferred A (quar.)
6% preferred B (quar.)
Reynolds Spring Co
7%
9-11
25c
Telephone—
$6 preferred (quar.)—
9-10
50c
6%
Rice-Stix Dry
& Steel
Southwestern
8-24
1
9-15
25c
Insurance—
9-15
(Howard)
Southland
9- 5
9-15
10-
Republic Investors Fund—
Island
9-15
9- 1
23c
t
Spiegel,
$11.75
pfd.
1
9-10
$1.12 »/a
(quar.)
9-10
10c
above clears
Inc., common
$4.50 preferred (quar.)
Reo Motors, Inc
1
10-
20c
Southern Phosphate
Corp
Southern Railway Co.
Inc.—
6y2%
class
Aircraft
9-20
37 %c
(quar.)
preferred
Remington Rand,
10-
63c
(quar.)
9-10
$1.75
Preferred
Reliance
Co.
6%
participating preferred
Southern Natural Gas Co
Southern Pacific Co.
8-30
9-25
37 %c
preferred
&
$1.25
_
preferred B (quar.)
Southern Canada Power
8-30
50c
(quar.)
(quar.)
Grain, Ltd.
8-31
6%
1
$1.75
(quar.)
Co
non-cum.
9-10
9-15
Co., Ltd.—
Regent Knitting Mills, Ltd.—
Reliance
9-10
9-20
75c
—
Inci
Southern
8-15
$1.25
(quar.)
preferred
Roller
1
20c
preferred (quar.)___
Southeastern Greyhound
Lines,
Southern & Atlantic
Gas—
(accum.)
preferred
5%
Reed
10-
8-31
8%
8-15
9-14
3iy4c
9-10
9- 1
South
$1.75
8-10
—;.—__
South
9-14
$ 2
9-20
1
South
8-15
50c
9-10
10-
1
4-6%
8-31
9-14
9-30
75c
'10c
10-
8-31
9-29
9- 1
$$1.25 *
8-31
9-15
9-15
$1.25
Corp.
Sorg Paper, 6%
9-15
9-15
9- 7
8-24
25c
Sonotone
arrears.
7%
9-15
1
fc-14
50c
Gas
Solar
9-15
50c
Inc.
payment shown
1
10-
(quar.)__
Solar
9-15
1
$1.25
Hosiery Mills,
preferred
The
10-
25c
(quar.)__
com.
6% preferred (quar.)
Snap-On-Tools Corp. (quar.)
Socony-Vacuum Oil Co., Inc. (s-a)
7
$1.25
1st
50c
$1.50
Co."(quar.)
>(quar.)
Co.
$1.20 preferred
9-20
20c
common
non-cumulative
1
8-31
Soss
Rayonier, Inc. $2 preferred (quar.)
Reading Co., 2nd preferred (quar.)
4%
&
Common
Oklahoma—
Raybestos-Manhattan,
11-
10-19*
10-39*
1
Smith
4
10-
8-31«
1
1
5
10-
9-25
11-
10-
55c
41%C
1
9-12
$1
Sloss-Sheffield Steel & Iron—
9-15
10-
t3c
(quar.)
(Pittsburgh),
G.)
B
Skilsaw,
9-10
9-
10-
45c
"
10-
9-10
$1.25
8%
preferred (quar.)
Rapid Electrotype Co., common
Rath Packing Co,_
$1.37'/2
$50c
9-10
9-19
9- 1
$25c\
$20c V
9-20
10-
8-31
9-10
9-12
$1.12 y2
Simpson's Ltd., 43/2% preferred
Singer
Manufacturing
(quar.)
9-20
10-15
9-15
9-15
10c
Simonds Saw
8-23
10-15
12-15
3c
Ltd., 5% preferred (quar.)
Dairies, Ltd., common (accum.)
Participating preferred (s-a)
Silverwood Western Dairies, 5% pfd. (quar.)
Simmons Company
1
9- 8
9-
12-31
10-
8-24
Silverwood
7
9-27
9- 1
Silknit
9-10
9-29
25C
of America, $3.50 pfd. (quar.).
Railway Equipment & Realty—
6% 1st preferred (accum.)
Ralston Purina Co., 33/4%
preferred (quar.;
Real
9-14
10-
9- 1
9-15
"25c
Breweries
Class
9-14
8-31
8-30
12 >/2c
(F.
Oil
9-14
12y2c
Manufacturing Corp
(increased)
Sick's
9-10
9-10
B
Shattuck
9-10
9-15
9-20
12-20
—
Servel, Inc., $4.50 preferred (quar.)
Sheller
9-20
9-14
9-11
12-30
B.) Inc. (increased)
Corp. class A (quar.)
Class
9-20
1
(R.
Serrick
8-27
9-20
9-20
9-29
Shoe
Semler
1
1
conv.
9- 5
"17 Vac
pfd. (quar.)
prior preference (quar.)
J
8-27
10-
Co.
9-20
9.u
9-10
: 75c
Co.
&
9-20
"9-15
50c
Brothers, Inc. (quar.)
Seiberling Rubber 5% class A
9-15
9-11
Lace
9-5
9- 5.
9- 5'
11 Vic
Seem an
1
1
20c
Radio Corp.
Rand's
9-10
'
Acceptance Corp.,
'"5% preferred A (quar.)
Seeger-Sunbeam Corp.
8-23
JLiL_
non-voting (quar.)
7% original preferred (quar.)__
7% 1st preferred (quar.)
Pullman, Inc.
I
Pure Oil Co., 5%
conv. preferred
Pyrene Manufacturing Co
9-15
"
Electric,
Roebuck
Selby
50c
Quaker Oats common
(quar.)
6%
preferred
(quar.)
Quaker State Oil Refining Corp.
(s-a).-
—
Securities
1
(quar.)
(quar.)
preferred
9-29
9-u.
50c
$6 preferred (quar.)—_
(irreg.)__
Seaboard Oil Co. (Del.)
(quar.)
Beagrave Corp., 5% preferred (quar.)_
9-10
10-
(quar.)™
(quar.)—
preferred
9-29
Itfen
o/««c,
"25c
(quar.)
Extra
'
$30c
(quar.)
Assh.
(quar.)
Manufacturing
Scrahton
5
$1.50
&
1
:
——
preferred
Scranton
8-17
$75c
;
Electric
•
\
9-10
9-10
$4.50
9-10
$25c
Common
9-15
9-21
■
■:
•
Service
1
'
9-10
1
1
25c
(quar.)
preferred
Rhode
(quar.)_.
(qdar.)
1
10-
10-
$$1.50
Publication Corp., common votihg
9-14
8-31
10-
$1.06y4
75c
Corp. of New Jersey—
(reduced)
Service
5%
9-14
9-15
preferred (quar.)
Ox Fibre Co., Inc
"i
Public
Public
7
9-15
8-30.
25c
preferred
8-31
25c
7
9-20
Service
6%
9-10
22 %c
183/4C
$4.50
Extra
5
$1.12%
(quar.)
preferred
8
37%c
preferred
$4.25
6
9-
3
$25c
(quar.)
Otter Tail Power
8-
9-25
15c
(quar.)
(quar.)
Co.
preferred
9-10
15c
,
Co.
Ontario Loan & Debenture
Ontario Manufacturing
•
8-24
15c
Oneida, Ltd., common
6%
preferred (quar.)
Otis
9-
10c
Water, $6 preferred (accum.)
Ohio Confectionery, $2.50 class A
(accum.).
Ohio Finance 4Va% preferred
(quar.)
•
5% preferred
(quar.)
Ohio Seamless Tube, common—
i>-$1.75 preferred (quar.)„
Ohio Water Service Co.
(quar.)
Oklahoma Gas & Electric 7% pfd.
(quar.)_.
Omnibus Corp.,
common
7%
9-15
9-10
15C
Ohio Cities
,
9-15
1
9-10
40c
Co
common
Ontario Steel Products,
1
10-
50c
preferred
preferred
10-
60 c
Ogilvie Flour Mills, common
8%
9-10
$1
Portland Cement
Manufacturing
1
25C
60c convertible preferred (quar.)
y
Oak
10-
87 %c
Insurance
Pharmacal
Nu-Enamel
9-10
Corp.—
Northern Liberties Gas
Northern Natural Gas Co
Norwich
1
71%c
(quar.)__
Nor'western States
10-
75C
4
9-
12 %c
(quar.)
7%
preferred
(quar.)
North Pennsylvania RR.
preferred
Common
for
9-
1
9-29
9-29
Hampshire—
(quar.)
preferred
1
10-
$2c
59 %c
New
$5
10-
Finance
preferred
of
8-15
ap¬
50c
$1.75
(monthly)
(monthly)
Co.
9-10
by the SEC)
American
Prior
Service
preferred
$5
(quar.)
preferred (quar.)
North
prefererd
Public
—
preferred
5%%
preferred
10-
10c
Schlage Lock Co. .(quar.)
Schmidt Brewing Co—
:
Schenley Distillers Corp., 8Vi% pfd. (quar.)
Scott Paper Co., common (quar.)
$4 preferred (quar.)
;
9-11
Signal
(reduced quar.)
6%
9-20
One
Mines
7%
8-30
$1.75
1
Co.,
$6
9-20
North American
Dome
&
8%
1
8.
9-21
10-
25c
5
1
9-
10-15
1
8-15
9-10
1
Quarterly
Company
Schiff
9-25
10-
'
1
8-31
10-
10-
40c
9-
9-
10-
9-15'
9-
9-14
30c
1
9-30
9-15
$1.50
10-
9-30
9-15
$1.50
$1
$1.25
9-20
25c
1
San Jose Water Works,' common--.
San-Nap-Fa* Manufacturing (quar.)
9-15
25c
$2.50
(quar.)
9-15
30c
^
1
9-24
Ho
25c
class A
San Francisco Remedial Lban
1
Co.
1
10-
.
$1.12 Va
preferred (quar.)
Manufacturing Co.
St. Louis Public Service,
.' Class B
(quar.)™—.
9-15
9-
}$1
(quar.)
1
1
1
I
25c
(quar.)
10-
10-
(monthly)
preferred (monthly)
preferred (quar.)
preferred (quar.)
$6
9-15.
&
7%
6
$6 1st preferred A
9-15
1
$1.50
25c
(interim)
1st preferred B
East
Bros.
Public
1
9-
1
1
Ltd., 5%% pfd. (quar.)_ t$1.37 %
Washington Insurance (quar.)
25c
Public Nat'l Bank & Trust (N.
37 %c
Y.)
(quar.)
10-15
9-10
t50c
$1,121/2
Norfolk & Western Railway Co., com.
(quar.)
North American Car Corp., common
5»
Preston
Price
Providence
6 %
1
10-
10-
1
Steel
10-
Safeway Steel Products, Inc. (quar.)
St. Joseph Lead Co.^.---——*_r
75c
$5
$1.25
9-15
9-
1st
5%
—— _
8
1
1
(quar.)
1
37»/2c
10-
10-
Alexander
10-
$$1.75
'•
Russell
40c
Insurance
(Helena), Inc., class A (quar.)__
(Jacob), 41A% pfd. (initial quar.)_
Industries, Ltd., common (quar.)
9-15
$1.75
Accident
$62V2c
50c
9-15
20c
(quar.)
1
(quar.)
1
10-
9-10
20c
1
10-
9-15
10-
$1.25
10-
52c
1
$1.25
10-
$1.25
Car Co., Inc., com.
preferred (quar.)
2nd preferred
(quar.)
5%
8-31
20c
Newport .Industries,
Inc.
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred
(quar.)
Niagara Lower Arch Bridge (quar.)_
Niagara Share Corp. 4'/2% pfd. (quar.)
Niagara Wire Weaving, Ltd. (quar.)
Niles-Bement-Pond Co.
No-Sag Spring (quar.)
Ltd.
10-15
Ruppert
8-31
10-
75c
Rubinstein
9-10
(quar.)
Public Service Co. of Colorado—
5%- preferred
(monthly)
$1.35%
_
Mines,
9-24
$1.25
Newberry (J. J.) Realty Co., 6% preferred—
Noranda
8-31
10-10
60c
(quar.)
common
———
9-10
$1.50
——.—
Co.,
9-15
$14.12%
4
$2.25
-
9-10
(accum.)
pfd.
preferred
Preferred
50c
——
1
1
9-15
1
$50c
Co.
10-
50c
participating preferred (quar.)
Auction
6%
A
Ruberoid
7%
10-
25c
Inc.
Bros.,
10-
25C
Co., Ltd
Corp. of Canada, Ltd.—
York
Omnibus
NY PA NJ Utilities $3 preferred
Newark Telephone
Co., common—
9-10
10c
1st
Jersey Zinc Co
—
9-29
$1.06 y4
—
(quar.)
&
New
Co
75c
1
37 V2c
—
—
River
New
'■i
Roos
37 %C
Co.
6%
1
1.
10-
$50c
(quar.)
$1.50
preferred (quar.)
Pittsburgh Metallurgical (quar.)
Pittsburgh Plate Glass Co. (quar.)
Pittsburgh Thrift Corp
Plymouth Oil Co.
(quar.)
(accum.)
$1.50
9-
Works
$1.75
7%
preferred
New Jersey Power & Light, 4% pfd. (quar.)
New Jersey Water, 7% preferred (quar.)
9-15
Metal
Art
$1.25
(s-a)—
Common
8-31
New England Telephone & Telegraph Co—
New England Water Light & Power Assn.—
30c
Pittsburgh, Fort Wayne & Chicago—
9-15
Co
Ronson
p
Pittsburgh Brewing, $3.50 preferred (accum.)
Pittsburgh Forgings Co. (quar.)
$1.31%
(quar.)
5%
5
9-15
9-20
50c
prior preferred (quar.)
preferred (quar.)—
5
2-
30c V
9-15
7c
& Co.—
$1.25
Philadelphia Electric Co., common
$1 preference common (quar.)
>
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Transportation Co.
Participating preferred (s-a)
Philco Corporation
Pillsbury Mills, $4 preferred (quar.)
Pittsburgh Bessemer & Lake Erie RR. Co.—
(accum.)
Clock
New Idea Inc.
preferred
preferred
lien
prior lien
$6
New
$6
7
9-15
9-14
75c
(quar.)
Corp.
class
5%
11-
2-15-46
l
50c
25c
—
Co._
Machinery
partic.
3-15
11-15
35C
Russell
Peter Paul, Inc. (quar.)
Petroleum & Trading Corp.—
$1.25
Rockwood
10-
10c
:
-—
70c
Stove
Phelps-Dodge Corp
Philadelphia Co. $5
9-15
4-1-46
25c
——*
—
12-15
10-
(quar.)_
Raisin
$1.25
(quar.)
Perron Gold Mines, Ltd. (quar.)
Pet Milk Co., common (quar.)
4 V\%
preferred (quar.)
2nd preferred (quar.)
7*
$1.75
Co.——Lr—
Products
1
Perfection
1
1-2-46
50C
$1
8
9-
10-15
256
(quar.).
B
1
10-
$44c
,
I
10-
$50c
[atipndl
8-31
Peoples Gas Light & Coke Co. (quar.)/.
Peoria Water Works, 7% preferred (quar.)_
Perfect Circle Co. (quar.)_
1
preferred
8-31
12 %c
National Automotive Fibres—
convertible
8-31
9-15
Sugar, 5% pfd. (quar.)Pennsylvania Telephone, $2.10 pfd. (initial)
Pennsylvania Water & Power, com. (quar.)
$5 preferred (quar.)
Peoples Drug Stores,
inc.-——
'
6%
$1.20 pfd. A (quar.)
(quar.)
Co.
Pennsylvania
5
$1.25 %
preferred,.-
1st
9-
9-28
25C
12y2c
Nash-Kelvinator Corp.
Nashua Manufacturing
Switch Co.,
preferred (quar.)
Pennsylvania Power & Light—
$5 preferred
(quar.)
$6 preferred (quar.)
$7 preferred (quar.)
i
Pennsylvania Salt Manufacturing Co._
1
pfd. (quar.)-
(increased).—
Mutual Chemical Co. of America—
f. 6%
preferred (quar.)
6% preferred (quar.)
-Mutual System, Inc., 6% preferred (quar.)_
Myers (P. E.) & Brothers
Nachman
Corporation
Muskegon
-
5%
11-10
1
12-
,
(quar.)
Pennsylvania Edison, $2.80 pfd. (quar.)
$5 preferred
(quar.)
1*
Pennsylvania Glass Sand Corp.—
Common
(quar.)
8-24
Co.
Wheel
Mueller
9-17
100%
—
——
-
(quar.)—
C.)
9-15
9-14
:
Riverside Silk Mills—
$2 partic. class A preferred (quar.)
Robbins & Myers, Inc.—•
$1.50 participating preferred (accum.)
Robertson (H. H.)
Co. (quar.)
Robertson (P. L.) Mfg., common (quar.)____
Preferred (quar.)
1
75c
Stoker
Extra
8-31
10-
(quar.)_
.
"
9-10
10-15
Payable
$1.50
Paper (irreg.)
Riverside & Dan River Cotton Mill—
7
9-
When
Share
;
Works, 6 % preferred (quar.)
Riegel Paper Corp.
35c
A
(J.
9-12
9-28
$$1
(quar.)
class
Penney
9-27
9-15
50c
A
(1.40
8-31
River,
$$1.75
(quar.)
class
Electric
Riley
9-15
9-27
50c
(1.40
Penn
9-18
1
$1
(quar.)
Common
8-31
9-14
$2
Morgan (J. P.) & Co
Morgan Engineering (stock dividend).
Morrison Cafeterias Consoliadted, Inc.—
1
Common
1
25c
Penick & Ford, Ltd. (quar.)_
Peninsular Telephone Co., common
Richmond Water
9-28
50c
Cos., commen (quar.)
preferred (quar.)
Paton Manufacturing, common (quar.)
7% preferred (quar.)
8-31
7%!
9-15
50c
Co
Per
Name of Company
of Ret.
9-
10-
50c
4%
8-31
-
Hoiaere
9-15
$31%c
Eastern
1
10-
50c
10c
Co. (quar.)
(quar.)—
Parrafine
7
1
Payable
75c
Service
Tubes
Parker-Wolverine
7
10-
50C
—
(quar.)
—
Pipe Line Co
Paramount Pictures, Inc. (quar.)
$2.25
$4.50 pfd. A
preferred B
class
10-
433/4c
------
Chemical Co.,
(s-a)
$4 preferred C (s-a).
a;
Montgomery Ward & Co. common
$7
Panhandle
Co., $3.50 preferred (quar.)
Chemical
Public
Page-Hersey
Monongahela West Penn Public Service Co.—
Monsanto
Share
Name of Company
8-31
9-15
When
Per
of Rec.
9-20
$1.20
Monogram Picture 5%% pfd. (quar.)——-Monongahela Valley Water, 7% pfd. (quar.)
W
Payable
t25c
Molson's Brewery
Holdcrt
When
Share
Name of Company
Monday, September
10,1945
■
.
kX'i-X,
1MB
9-15
10-
1
Number 4419
162
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
Per
Electric products—
flvlvanite Gold Mines, Ltd. (quar.)
Syracuse Transit Corp., common..
Tacony-Palmyra Bridge,
common.
Class A (irregular)
5%
preferred (quar.) — ———
Taicott (James), common (quar)__
41/2 c[0 preferred (initial quar.) —
•reek-Hughes Gold Mines
Tecumseh Product? Co...
1010-
1
50c
12-
1
9-15
$1.25
11-
1
10c
1010-
10-
11- 1
10-24
1
Wellington Fund
Wesson
Oil
&
9-10
8-31
9-15
8-30
Common
25c
9-27
9-
5%
preferred
5%
preferred
Western
10-
1
6
9-
7
9-15
8-27
10c
9-27
9-
62 %c
11-
15c
1
Exploratipn
$1.75
25c
9-15
9-
35c
9-15
50c
preferred
}25c
Weston
Electric
5
1
9-
1
White
9-
1
Wichita Water,
10-
3
$5 conv.
9-15
$$1.25
10-
1
9-
-12 %c
10-
1
56 Vic
10-
7
Co.
convertible preferred "(quar.)..
Willidms Steel Forging (quar.)__
Travelers Iterance Co. (quar.)..
Trinity Universal Insurance Co. (quar.)
(quar.)
preferred (quar.)
Truax-Traer Coal Co., common
5%%. preferred (quar.)
Tubize Rayon Corp., common
4%% preferred (quar.)
Twentieth Century-Fox Film Corp.—
5%
25c
1
$1.50
preferred
8-30
9-15
9-
$1.37%
10-
1
1
9-20
Wood
37 %c
10-
50c
9-10
8-27
9-24
75c
9-14
1G-
1
9-
6
15c
9-205
9-22
9-12
10-
1
'
preferred A
RR.,
$3.75
Pacific
Union
4%
preferred
Union
(initial)
66% c
(quar.)
common
Co. (quar.)...
Union Wire Rope Corp. (quar.)
United Aircraft Products, common (quar.)..
United Artists Theatre Circuit, Inc.—
5%
preferred (quar.)
United
Fastener
in
Chlorine
1
9-
4
10-
1
9-
9-10
9-
1
25c
9-15
9-15
8-28
...
stock
common
Products
value of said
Corp.
of
at
Elastic
the
Coal
9-
9-10
8-31
1
10-
l
9-24
tConsol. adjust,
10-
1
9-24
tConsol.
9-12
Fuel Investments, Ltd.—
A preferred (quar.)
Illuminating
United Light & Railways (Del.)—
1% prior preferred (monthly)
6.36% prior preferred (monthly)
6% prior preferred
(monthly)
9-10
8-24
9-10
United
class
6%
$75c
United
Merchants
Common
&
preferred
preferred
(quar.)
preferred
U. S.
Co.
Guarantee
7%
3-15
7-1-46
6-15
10-10
9-15
9-14
9-
:
9-15
9-
1
9-30
9-
7
$1.75
10-
50c
10-
1
$1.75
10-
1
50c
10-
Utah-Home
_______
Root,
preferred
Preferred
b/c
Preferred
6%
Vulcan
<%
Power Co'. & pfd7(quKl'
common
(quar.)__:.__^
(quar.)
(quar.)
(quar.).
_7_
"~
wacker
Wells
*38$^ c?
w&hpref"^Warn
Ware
(qi|ar!7!
^
Hectric
Preferred
Net ry.
10-
1
10-12
1-
2
9-25
12-15
9.10
50c
10-10
8-
1
25c
.__
(quar.)
com. (quar.)
9-15
9-
25
9-15
10-
9- 5
a
share.—V. 162,
9-15
9-
1
25c
,
1945
from
railway
1944
$2,540,161
$2,332,822
834,221
890,688
569,994
411,975
railway
oper. income
1942
1943
$1,654,327
$2,063,301
914,708
317,391
828,040
667,759
From Jan. 1—
\
from
railway
Net from railway—____
Net ry. oper. income—
>"W$.
16.154,280
14,274,798
13,524,454
10,123,310
5,364,335
4,270,237^
6,064,254
4,697,881
2,277,830
1,843,226*
3,689,308
3,180,444
—V. 162, p. 609.
Sprague Electric Co.—Earnings—
1
25c
,,___
t %.*
RU
m,
from
Gross
8-18
50c
$1.37%
(quar.)
9«-10
9-
1
report shows earnings after reserves for $11
equal to. 88 cents per share for six months on
stock, compared with 80 cents on the present out¬
standing shares for the corresponding period in 1944.—V. 161, p. 1470.
Company's
estimated
the
Institution-—
&
Lofland,
9.15
9- 5
interim
taxes
were
common
new
Springfield City Water Co.—Bonds CalledAll of the
$3,454,000 outstanding first mortgage 4%
■r
tli
bonds, series A,
$15
15c
62 %c
10-
1
9-14
9-21
9-11
9-12
9-
11-
1
1
Philadelphia,
&
Alouette Oil Co.
Public
For the lot
common
$3,600
common
$5,200
$ per Share
.
60
8-8 %
70c
($1 par);
ben.
Telegraphone Co.
Worcester
Electric
Springfield Gas Light Co.
Vose
28
Pelham
Sons
Hall
Co.
100
6
670
9-
$2
$1000
4
($10 par);
Cos.
A;
10-
1
10-
1
9-12
9-
$1
9-15
1
9-10
99-
27 Bos¬
preferred
Mining Co.
($25 par)
($100
($1 par).
that
12-
Piano
9-
we
$11 lot
24
10-
1
9-
8
9-15
9-
8
$7c
25c
9-15
9- 5
25c
9-15
9-
$1.25
9-20
8-31
62 %c
37
%C
9-11
9-25
11-
1
2-1-46
5-1-46
8-1-46
1
Corporation and
The
company
South West Pennsylvania Pipe Lines—$5 Dividend—
A
4-15
7-15
9-10
par
of
dividend
share has been declared on
per
payable Oct.
$10,
1
the capital stock,
15.
Distributions
April 2 and July 2, this year, and in
to holders of record Sept.
cents each were made
50
each
of $5
on
quarter during 1944.—V. 157, p. 998.
1
9-15
50c
9-15
8-16
9-15
8-16
posed—
President, has made the following statement:
the board of directors, held on Aug. 24, it was
decided to proceed immediately with the preparation of a registration
statement
for
filing
with
the SEC
covering a possible issue of
$75 000 000 principal amount of 2%%
debentures, the proceeds of
which 'would be applied to the retirement 0f all of the company's
first and refunding mortgage bonds of series B and series C outstand¬
ing in the total principal amount of $75,000,000. The bonds of series C
would be retired at 104%
and the bonds of series B at 1057c, with
interest
to
the
respective redemption dates, namely, Jan. 1
and
10-
9-20
8-31*
t20c
9-10
8-10
9-12
8-15
1
9-20
9-15
8-10
40c
10-
9-15
8-10
Southwestern Bell Telephone
"At
1
9-15
12-15
50c
9-15
8-14
$1.75
9-28
9-11
9-15
9-
5
June
$1.25
9-15
9-
5
Co.
—
Refunding Pro¬
a
as
owned by the company, so construction can: be
plans are completed and materials and labor are
completed,
the
activities
plant's
will
require
Preferred
•!
materially
Stock Exchange has authorized the listing of
York
The New
issued
are
200,000
all
preferred stock, series A (par $100),
outstanding.—V. 162, p. 883.
cumulative
3%%
of
which
Cumulative
Stock—
and
for
announcing
new
a
described
chassis.
being
It is now
cabinets.—V.
162,
p.
V.;i'\U'M
883.
Co., Philadelphia—10%
Sun Oil
The
Aug. 20 that this company has broken ground
addition to its main plant, the new building was
built for the manufacture of radio and television
learned that the plant is being built to manufacture
on
$300,000
as
directors have
declared
10%
a
Stock Dividend—
common
stock dividend,
payable
to holders of record of common stock as of the close
of business Nov. 23. 1945.
A similar stock distribution was made on
Dec. 15, last year.
The company is also paying regualr quarterly cash
dividends of 25 cents per share on the same stock.
'•
"' }
Application has been made to the New York Stock Exchange and
will be made to the SEC for listing and issuance of the 312,277 shares
of
common stock required by the declaration of the current stock
Dec.
15,
1945,
(James) Taicott, Inc.—New Mgr. of Division-
of
D. Sandler, Assistant Secretary of this corporation; has
appointed Manager in charge of Barnard-Phillips division, effec¬
1,
1945,
in order to permit Benjamin Ernstein, VicePresident, to devote more of has time to
the development of the
Murray
been
tive
Sept.
business.
.
,
Sandler
Mr.
25
years,
—V.
162,
has
been
associated
with
Barnard-Phillips
tor
p.
609.
ii :'r
$2.50
12-
1
11-15
$1.25
12-
1
11-15
W.
issuance of the
aboutim^t^8JL945^—
162.
p.
1029.
the past
having served as Credit Manager during most of that period.
1946.
1
"The
a
dividend.—V.. 162. p. 884.
meeting
proposed debentures is contingent upon obtain¬
ing required commission
consents.
The company intends to invite
sealed bids for the new issue, to be received
"
is
soon
Stannard,
AC
1-2-46
10-
Capacity of Milwaukee Plant—
Stromberg-Carlson Co., Rochester, N. Y.—Correction
has called for redemption on Oct. 1, next, at 105 and
interest, all of the $16,000,000 outstanding 30-year 3%% debentures
due April 1, 1966, and $8,000,000 outstanding 30-vear 3'/4% debentures
due April 1, 1968.
Payment will be made at The First National Bank Ss
Trust Co., 42 Church Street, New Haven, Conn.—V, 162, pp. 882 & 1029.
1-15
10-10
requirements of our customers, assuming
reasonable promptness the necessary
with
larger working force, Mr. Magin said.—V. 162, p, 1030.
of
'
9-20
obtain
to
personnel."
,
Southern New England Telephone Co.—Calls Debens.
1015
10-20
as
When
20Vi flat
53% & int.
Investment News
8
$2.50
able
and
already
started
In
9-
are
available.
(Continued from page 1176)
1
electrical
of
and
jacent
1
10-
manufacture
chiefly for use by industry.
present Milwaukee plant, modern in every respect, was built in
enlarged in 1942.
A large tract of ground immediately ad¬
The
1940
shares
1
9-15
the
trol and other electrical equipment
$12 lot
27
Co
General
1
12-10
to
devoted
serious delays in filling the
no
material
To Double
1
9-10
company
Standard Oil Co. (Ohio)—Listing of 3%%
8-24
$1
this
of
shipboard, aircraft contactors and aircraft circuit breakers.
"During the past several months, Square D has been receiving a
large volume of orders, which have not necessarily been for Government
or strictly
war purposes, so we have no problem in switching over td
our regular activity.
The extraordinarily large backlog of orders for
our
electrical products places
the company in an especially strong
position for maintenance of volume and employment, yet we expect
12-22
9-15
'
.
on
9-30
1-2-46
2654.
p.
I Steps are being taken to double the size of the present plapt ia
Milwaukee, Wis., F. W. Magin, President, announced on Sept. 6.
The Milwaukee operation is devoted to industrial electric motor con¬
10
Cambridge Garage 1st mortgage 5s, July 1, 1957
North Terminal Inc. 4s, Sept. 1950 ex. stock
$4000
160.
and control equipment already are virtually converted to
peacetime operation, F. W. Magin, President, announced on
Aug. 29. The plants are located in Detroit, Milwaukee and Los Angeles.
"The apparatus made in these plants during wartime," Mr. Magin
said, "was about the same as during peacetime, although some of ft
was adapted specifically
for war use, such a distribution panels used
($10
62 Amer¬
class
BONDS
8-31
9-14
Me.—V.
distribution
1 Boston-
interest
($10 par);
Service
500 Great Western
&
Portland,
Plants
on
9-18
9-15
1, 1956, have been called for redemption on Oct. 1, 1945, at
104 and interest.
Payment will be made at the First Portland National
Square D Co.—Converting to Peacetime Operations-—
common
50
10-17
10-
Cos.
50
1
$1
due April
Has Large Backlog of Orders—
.
Boston-Texas Land Co., Inc.
Texas
Oil
Co.
certificate
par);
50c
(quitoSlZlIZS^^'ZT;
P.
1
Jenney Mfg. Co. preferred (par $100)
Checker Taxi Co. preferred ($10
par)
Boston Insurance Co.
($100 par)
25
American
$1.75
Mills < 9 u a r.)~~j_~T~:
ShSnFiS0, $T PreferTed (acbhm.)_.^_
&$*S85S$SEE%&M ^
'5/*
100
ton
$1.75
u
w
9-10
15c
12 %c
common.
A
Textile
4
+25c
preferred
Net
Associated
4
t$l
(quar.)
Gross
9-20
25
9-
50c
Mines Ltd- (Quarji::::i::::
a7 f^atqh' 7%
preferred
8-23
Rockland Bank, Boston ($20 par)
Rights Second National Bank, Boston
9-
62 %c
7%
I/O
8-20
1
35c
~ Jv"
S.
July—
1
1
10-
National
9-15
$1.75
(s-a)„__sJ._...v_,_
Waftier Electric"' (Jbrp./f quail )
5
9-15
♦ 51
Building
Mexico.
Spokane Portland & Seattle Ry.—Earnings-
10-
95
States
$1.50
(quar.)
of
818 and 883.
p.
10-
STOCKS
ican
37 %C
""" """
common
$3,827,379 $22,552,130 $26,861,519
$3,013,259
Co.
controlled affiliated
share less dealers' discount of 75 cents
1
(Consol.)—
Shares
8-10
37 %c
Detinning(<Cm^' c"~
preterred
9-
Transacted by R. L. Day & Co.,
Boston, on Wednesday,
Sept 5:
9-10
37 %c
preferred
income—
of solely
—Blyth & Co., Inc., made a secondary offering Sept. 5
of 4,000 shares of common stock (par $1) at $23per
50c
Quaker City Gear Works
Rights Quaker City Gear Works
'
_
_
1,259,454
124,000
■
J5c
Rights
78
25
$2.50
^n_?ailway.
9-15
STOCKS
54
par);
$1.75
_
179,922
1
12%C
Shares
8-20
__
'
1,698,592
1,266,891
1,254,338
214,830
(debit)
normal,
9-10
$1.75
Y__
(credit)
Southwestern Public Service Co.—Secondary Offering
$10
Barnes
8-20
15c
,*
by
9-15
62 %c
v.5% Preferred (s-a)!!""'""
-----vfl!yBMa?lufacturing-Co'l jjta. ijmerimjv.
Vintm. w—■"""vraiuig-w,, Ltd. ^interim)..
vS» ®quiPment Co., $1 conv. pfd. (quar.)
Viking
ci
10-
62 %c
.
& Pacific Ry, Co.-—
Pump Co
Transacted
1
50c
Common (s-a)
1
9-
75*
1
pfd. (aocum.)
___
(quar.)
v5!anEpC',&
9-
50c
Inc
vicksburg Shreveport
9-
$1.12%
(quar.)
9-20
9-15
Thursday, Sept. 6:
9-15
40c
,
37%c
Ltd
class
30c
•,
Car
Heating, commoiv...-^
7% preferred
(quar.)
vJf preferred
Veeder
preferred
9-10
Vapor
•
9-14
$1
50c
insur?nce~Co!IIIIIIIIII__
Fire
1
9-25
$2
(quar.)
9-14
9-28
Auction Sales
11-30*
(quar.)
Upressit Metal
Cap Corp., 8%
pr*or Preferred
(quar.)
5% prior
preferred
9-14
9-28
$1.12%
_______
43 %c
—
1
9-29
Manufacturing Co. (quar.)—
$1
.
$3,432,627 $20,154,900 $23,903,470
103,074
174,805
■
50c
common
$2
(quar.)
$2,730,379
tRepresenting interest on cer¬
companies not credited to in¬
Transportation System.
tRepresenting dividends re¬
ceived from solely controlled affiliated
companies included in net in¬
come of S.
P. Transportation System but not charged against
income
by paying companies.—V. 162, p. 1029.
^
of
Bank,
9-10
12-20
62 %C
(quar.)
United Wall Paper
Factories, Inc., commonUniversal Laboratories $2.50
pfd. (quar.)..
Universal Leaf
Tobacco, common (quar.)
Upson Walton
Co.,
9-15
40C
$1
^
8-31
$1.75
(quar.)_____
(accum.)
1
...
Universal Match Corp—
Universal Products Co.____
come
Jamaica income tax.
•Transfer books not closed for this
dividend.
tPayable in U. S. funds, less 15% Canadian non-residents'
tax.
♦Payable in Canadian funds, tax deductible at the
source.
Non¬
resident tax, 15%; resident
tax, 7%.
a Less British income tax.
8-31*
...
preferred
9-15
9-20
—
_
8%
1
40c
1st preferred-.^
Steel Corp., common...
Tobacco, common
7%
preferred, (quar.)
United States Trust Co. (N. Y.)
10-15
.
4
40c
(quar.)
P.
con¬
"Excluding S. P. RR.
x Less 30%
8-10
non-cum.
United States
United States
.
9-20
25c
U. S. Printing & Lithograph Co.—
5% preferred
(quar.)___v
U. S. Rubber
Co., common
8%
11- 1
$1
lOc
common
Youngstown Steel Door Co.
Zeigler Coal & Coke Co
9-15
12-15
20c
(irreg.)__.
tain bonds
'
preferred
Potash Co.
1
1-2-46
4-1-46
50c
(quar.)
U. S. Gypsum
Co., common (quar.)
U. S. Leather Co., 7%
prior preference (quar.)
U. S. Pipe &
Foundry (quar.)
Quarterly
U. S. Playiijg Card Co. (quar.).—.
U. S.
10-15
(extra)
Jr.
1
$2.50
A
.
Co.
10-
9-
$1.25
(quar.)
$5,505,741 $33,807,058 $38,432,949
2,071,804
13,651,076
14,520,308
■
1,310
1,081
! 9,170
405
cos.__
net
8-31
11-15
1
(quar.)
9-15
9-13
$1.25
(quar.)
Consol.
9-10
11-
9-15
1
1
$1.25
Casualty, 4% non-cum. class
United States.Freight Co. (interim)
$4,683,369
1,952,585
9-15
10-
10-
9-11
$1.25
».
U. S.
Graphite
1
53c
(quar.)
United N. J. RR. & Canal
S.
10-
50c
(quar.)
U.
1
30c
5%
S.
adjust,
12-30
9-
Manufacturers—
5%
preferred
1
10-
58 %c
(qqar.)
,5%
5%
10-
50c
United
$5,564,523 $34,116,638 $38,825,957
58,782
309,580
393,008
8-18
9-10
$4,695,084
11,714
solely
trolled affil.
20c
Quarterly
40c
32,638,551
6,187,405
8-29
9-15
Zions Co-operative Mercantile
25c
of
9.24
8-31
Curry Co,
Young (L. A.) Spring & Wire
Youngstown Sheet & Tube Co.
1945.
Cos
4,058,439
System
of
inc.
1
8-31
Yosemite Park &
5%%
"Net
10_
9-29
Yellow & Checker Cab Co.
8-31
9-15
market
on Aug. 31,
(quar.):
Corp.
Electric
9-15
30c
Westvaco
stock
United
United
$1.25
30,058,200
l,jl79,440
9-10
Common
Class A
Income
Transp.
1
9-24
7%
prior preferred
Towne
4.385.083
deducs
1
9-21
Co.,
Yates-American Machine Co.,
8-31
25c
30c
&
3,915,948
779,136
income
10-
8-31
preferr®'d
4
30c
(quar.)
Chemicals,. Jnc
Payable
8-20
10-
$2
Sugar
United-Carr
9-10
$1.50
(s-a)
Net
9-10
10-
9-15
Wright-Hargreaves-Mines,
Yale
12,613,462
(766,412
522,875
9-7
9-24
10-15
Manufacturing Co.—
Wrigley (Wm.)
Union Oil Co. of California—
1,991,201
62,514
14,405,014
66,613
chgs.
fixed charges.—
conting. charges..
Total
10-15
Steel
conv.
9-12
$1.50
4%%
2,548,851
(net)
income
oper.
misc.
Total
9-7
$1.50
Pump & Machinery, common__
prior preferred (quar.)
Worumbo
(net).
Inc. avail, for fxd.
9-15
1
9-15
Woodley Petroleum
4%%
Total
1
9-15
Woodward & Lothrop,
9-20
ry.
f$2.50
«Jtpr®ferr®d (quar-)—
Wortmngton
9-14*
61,063,379
i
60*342
income
Total
10-
,,210-31
9rl5
1
Other
\
$1.50
9-20
9-29
15C
Corp. (quar.)..
Union Metal Manufacturing, com. (quar.)..
$6 preferred (quar.)
8-31
9-
$1.75
8-31
10-
50c
Bag & Paper Corp
Carbide & Carbon
1
9-15
(quar-)—$1.50
(Alan)
8,471,134
55,286,272
Cr77,506
8-15
pfd. (accum.)$1
Woods Manufacturing
(quar.)
fsoc
WoodaH
Industries, Inc.__
i5c
.
■Net
9-18
12-18
$1.12%
1
10-
50c
(quar.)....
8-31
1
9-15
10-
-
9-25
$1.75
Corporation
1
10-
1-2-46
H)c
pfd
9,203,090
9,193,808
11,586
rents
75c
(quar.)
1,180,800
7,695,968
Cr5,151
rents
facil.
$1.25
Electric
9-15
$1.12%
(accum.)
:___
(quar.)—
Two South La Salle Street Corp.
Underwood
10-
1,381,213
50c
common
city
taxes
25c
Wisconsin
9-20
10-
Joint
$1.75
Power, 6% pfd. (quar.)_
Michigan Pr. 4%% pfd. (quar.)
Wisconsin Power & Light 7%
pfd. (quar.),_
4
25c
$1.18%
Equipment
1
9-15
(quar.),.
-7
Wisconsin
&
118,806,110 124,832,983)
4,515,796
4,421,869
4,892,368
4,787,834
9-11
_____
Hosiery Co.,
724,844
9-14
—
Exti;a
....
Twin Disc Clutch
Union
9-10
1
2-
25c
Products, Inc. (quar.)
Winnipeg Electric Co., 5% non-cum.
Winsted
11-
2-15-46
1
Willson
5
Miscellaneous
$1.25
$5
5
25c
(quar.)
Twin City
Union
99-
50c
prior, preferred (quar.)
Rapid Transit, 7% pfd.
; $4.50
11-10
9-15
9-15
(quar.)
conv;
11-15
25c
1
9-29
11-15
40c
preferred (quar.)__
prior preferred (quar.)
Wilcox (H. F.) Oil & Gas Co
8-24
$1.25
_______
Common
9-10
2-
1
.
common
669,188
710,279
___1
25c
I
18,219,024
655,961
taxes
$1,25
(quar.)
county
taxes
10-
6%
8-30
State,
16,969,682
taxes
taxes.,
insur.
retirement
Federal
10-
(quar.)
preferred
34,655,473 247,352,048 240,315,134
1
9-15
2-15-46
$1
(quar.)
7%
9-15
25c
common
Co,
36,020,128
11-
$1.50
(quar.)
■
9-15
9-10
$4
Co., common
Trion
1
50c
1
9-20
25c
(quar.)
Stores, Inc.,
Extra
'
$2.25'
10-
11-15
$1.25
Instrument
preferred
Motor
Wieboldt
9-15
Transue &
Fed.
$1.25
Brake
•
Trailmobile Company,' common—
9-15
$1
(quar.)
Wheeling Steel Corp.,
9-
10-
$1.25
1
(incr'd)
(quar.)
Air
expenses,
Unemploy.
10-
$1.25
com.
52,874,498 266,158,157 365,148,117
from ry. oper.
rev.
9"15
$1.25
(quar.)
Stationery,
preferred
9-10
t7%c
Net
9-15
75c
(quar.)
52,989,810
1
1
1
75c
A
Whitaker Paper
8-25 -
9-10
9-
$
$'
revenues
oper.
10-
$1.12%
2%c
(quar.)
(quar.)
Westmoreland, Inc. (quar.)
Westmoreland Water, 6% preferred
9-10
9-15
10c
9-15
oper.
10"
Westmoreland Coal
1
1
common
&
5%
1
9-
10-
A
Tablet
Westmghouse
1
9-
9-14
1945—7 Mcs.—1944
1945—Month—1944
$
Railway
Railway
40c
Co
RR.,
(quar.)
5%
7
9-15
$1
—
9-
9-15
93 %c
Western
4"
10-22
9-15
9-6
25c
Virginia Pulp & Paper (irreg.)
West
Virginia Water Service Co., $6 pfd
8-28
50c
Period End. July 31—
8-24
1
9-29
lOc
Inc
Wes
Western Pacific
Common
.__
(quar.)
Snowdrift Co.,
10c
.(quar.)
_—.—
Time, Inc. (interim)
Tip Top Tailors, Ltd. (quar.)
Todd Shipyards Corp—
Tooke Bros., Ltd..
Toronto General Trust Corp
Co.
10-
Co.—Earnings of Transportation Sys,
Separately Operated Solely Controlled Affiliated Companies]
50c
1
Telephone
50c
9-15
20c
&
35c
Bond & Share
7% 1st preferred (accum) __
Tennessee Corp.
Texas Company
(quar.)
Texas Gulf Sulphur Co.
(quar.)___
Texon Oil & Land Co
.
Textron Incorp., $2.50 prior pref. '(i.uar.)..
Thennoid Company (increased)
Thew Shovel Co., 7% preferred (quar.)
Thompson Products, Inc.,
common
4% preferred (quar.)
...
Tide Water Associated Oil, $3.75 pfd. (quar.)
Tilo Roofing Co., Inc., $1.40 conv. preferred
$1.50
25c
Wells-Gardner
9-
(quar.)__
Waukesha Motor Co.
9-15
9-15
t5c
62%c
[Incl.
10-24
9-15
1
50c
1
9-17
1
56'/4c
Southern Pacific
of Rec.
11-
Power, $6 pfd.
(quar.)
9-15
9-29
Holdera
33%c
wC1u?s ? (S?a7)-«-—
Washington Water
11-15
9-29
Payable
Warren Brothers Co. Class A (quar.)
7-28
50c
When
share
Name of Company
9-20
50c
(interim).
Per
of Rec.
1
t3c
(increased)__
Inc.
Holdert
Payable
25c
Svlvania
Talon
When
Share
Company
Name of
Talon, Inc.—Quarterly Payment Increased—
The
share
directors
on
the
have
common
declared
stock,
a
par
dividend of 50 ce£ts Pe£
payable Sept. 15 to holders ot
quarterly
$5\
W
'
t<'.
1212
■i 1.1
THE COMMERCIAL & FINANCIAL
•'V
■)' '
.
CHRONICLE
Monday, September 10,1945
•\'j"
record
fif
Sept.
and June
;S'
cents each paid on March 15
payment of 60 cents made on Dec; 15,
convertible
This compares with 40
1.
15 of this year,
1944, which
a
ana
suable
t->v
.
tj
1944
1943
1942
$320,333
$397,420
95,884
$368,676
90,153
51,398
$322,859
61,295
24,907
2,735,245
2.266,133
882,512
538,471
478,957
262,368
.
71,097
26,147
38,781
2,316,143
2,961,531
794,304
325,544
-,y
$
473,263'
..
176,592
value
par
of
p. 610.
determined by board of
as
of
Association.
$2,187,105
1,600,000
1,635,000
1,250,000
$598,129
$552,105
$721,322
$0.70
$0.65
For
tEarnings
share—
per
■
—
the
of
;
.
purchase and
fund
a
0f
stops
of
at
Prescott
June 30—
and
Kingman
1945
1944
1943
$3,424,069
107,082
1,985,125
$2,530,038
'
95,851
1.288,090
$1,559,372
$3,531,151
318,699
"176,980
$2,625,888
290,537
117,828
$1,652,477
623,498
538; 153
503,303
6,658
6,594
7,350
$1,672,775
476,658
$826,455
372,860
$1,196,117
Crl0,536
$453,595
Cr32,555
—1_——-
■
s
2,611,940
—
"
Gas income
Total
Lease
——___—
.1—----
income
operating expense___l_____—
Production and other taxes!———_
-
93,105
-
243,081
72,288
Prov.- for
high
new
income
deplet., deprec. & amort.
on producing properties_:_______
Prov. for deprec. "on miscell. field
500,000
equipment
5,838,520
__—,r__
1—.'...ill—
Profit
-
;
——
$2,405,317
V
779,093
■
Other
1024,
set
intermediate
has
(barrels
income
Oil
....
3,128;500
—-
installation
contingency
j v*After providing for interest on loan and serial notes,
reserve'.'and: depreciation.
tOn 853,696 shares.—V. 160; p.
■$:•
undesignated
Transwestern Oil Co.—Earnings—
"
$0.84
an
profits.
net
route
6 Months Ended
$532,980
speed flat
knitting machinery for the production of fine quality knitted
•fabrics to supplement the other lines of the corp. (est.)__
Amt. avail, for further expansion of its operations and the
acquisition of additional machinery and businesses, either
directly or by stk. control, when avail, at reasonable prices
.
income
redemption of the outstdg. prior preference stock
the acquisition of the stock or assets of Lonsdale Co., a
maximum
$1,971,322
of
stock and the
preferred
up by allocation of 25%
and
Oil
convertible
the
1943
.'-.1944
1945
$2,198,129
ex¬
profits tax
net
-
anticipated that the proceeds of the sale of the
preferred stock will be applied substantially as follows:
jnths Ended June 30—
♦Estimated consolidated income-____
cess
.".
4
.
is
For
value
par
common
1,700,000
Articles
For
from
retired
be
of-
Boulder City, Nev.
The sale is contingent on the ability
of
Arizona
Airways to raise $200,000 within a specified period
of
time.—("Wall Street Journal.")—V. 162, p. 884.
number of shares required to be reserved for the exercise of
purchase warrants may be affected by conversion of the 4'2:'"
debentures prior to the effective date of the proposed amendments to
(& Subs.)—Earnings-
$50,000
$50,000
its
sell
Airways
TWA
Ariz.,
500,ouu
70,610
directors
would
would
The
^o.oou
Total
•
Federal & State income taxes &
Estimated
Arizona
stock
warrants
purchase
stock
the
and
stock
common
par
i^you
stock
common
stock
preferred stock
It
^Tennessee Corp.
y:;
:>>4
$1
exercise
..
—v.. 162.
$10
TWA
The
from
railway
Net from railway——
Net ry. oper. income,—
«V 7
for
Available for issue
Prom Jan. 1—Gross
of
is¬
be
amendment,
said
by
Reserved for conversion of 4,/2
% debentures
Issuable on conversion of convertible
1945
\
Gross: from railway
Net from railway
Net ry. oper. incomeJuly—
&■
authorized'
preferred stock.
the holders of
Reserved
Tennessee Central Ry.—Earnings—
$
stock
Shares
To
V^-=
preferred
follows:
as
the only disbursement in that year.—V. 162, p. 884.
was
Total
and
expenses
charges
'
$9,300,000
"
which
;i
stock
Texas Mexican Ry.—Earnings—
r
■f
July—
*
Gross
:
from
from
Net
Net
railway.
$205,338
$178,261
$131,422
89,403
$253,808.
railway—
147,095
income
oper;
ry,
1943
86,791
28,758
r
117,025
63,260
48,686
1942
.
:
'
of
Net
from
Net
1,407,455-*
railway-
from
1,320,909
1415,634
206,333
income
oper.
ry.
r-V; 162.
718.
p.
1,219,301
forms
1.010,989
682,886
577,786
397,373
433,733
358,445
Texas & New Orleans RR.
July-
293,087
from railway—.
Gross
from
Net
Earnings—
1945
"
1944
,
1942
$10,424,725 $10,683,213 $10,969,009
4,047,538
4,460,690
5,558.256
railway..;.
ry. oper. income—
1,178,281:-
'
858,643
2,212,192
7,466.140
Net
from
Net
ry.
—V.
30,546.352
8,316,667
35,098,114
40,6.86,480
22.750,934
9,561,754
17,242,757
162,
10,692,428
ject
Texas & Pacific
-Net ry.
1945—Month—1944
$7,168,822
Total
150.366
Fixed
3,870,264
12,160
$530;635
-
income
-
65,157
1,152,111
64,900--
472,109
456,162
,
$6,148,824
46,552
125.486
1,971,752
2,053.945
$4,130,520
$2,189,336
$284,998
$4,368,767
&
Western
RR.—To
Be
Returned
when
together
with
"as
above
referred
i.lfe.Was
announced
on
Sept.
Director, had approved the
"Since
its
seizure
this
6
that
return of
road
has
be
to
DO301,
before the
v
.
V
William
Issue
H.
dends
to
in
operated
by
the
Office
of
is rturned
to
private operation.
stock
(2)
on
the
qn
new
such additional
"
financing
can
preferred
to
notes
be
determination
by
hereafter develop.
that
proposed
called
Association
date
completed
in
be accomplished at the
the
in
or
exact
such
board
whether
to
it
amount
should
and
time
same
.
.'
other
arrangement,
Co.
is
purchased with notes
of
Lonsdale
Co., may
towards
the
for
the
of
the
on
60
days'
to call
notice.
this
conform
preference
Stock
.The
stock
in
than
to
be
Net
terms
of
basis,
as
the
the
lease
sale
of
the
for
Calendar
can
only
proposed
earlier
than
called
be
1,
1946.
on
.
$1,734,000
in
1944
and
income before
in
1943.—V
Inc.—Earnings—
"=1945
Federal
income
tax
V
;
/Jf
7:
..
-K
*
'.. ■_
7 ;
;
^
(no
*■
r-
par),'
pursuant
*•:
-»•
:--t ■-*
to
a
Vrhe
stock
$50
$100
of
the
on
each
basis
for
of
each
three
such
senior
shares
amendment; adopted
by
such plan.
shareholders
the
By the amendment
called
is
the
first
/
^
of
the
the
second
preferred share of
of accrued and unpaid-dividends.
with-its $49
par
in
step
convertible
ized
"5%
in
the
30,000
the
second
preferred
-shares,
common
preferred
senior class of stock
new
a
was
created,-
prior preferred shares,!' par $50 each, author¬
amount of 90,000 shares.
Such shares are senior to the
share
of
shares
The
-
the
outstanding
now
amendment
of
value
par
and
reclassified
$100
into
senior
are
each
to
outstanding
preferred
second
one
share of the SEtme vaIuc.
Under
the
provisions of
are
authorized
5%
the amendment the second preferred shares
of 30,000 shares and are junior to the
convertible
in
the
amount
The
prior preferred shares, but senior to the common shares.
previously outstanding preferred shares were not redeemable but
the
amendment
permits
the
redemption
second
of
preferred
shares
(previously preferred shares) at the redemption price of $100 per share,
together with accrued and unpaid dividends thereon at any time after
more
than 45,000 of the 5%
convertible prior preferred shares have
been issued.
Each 5% convertible prior preferred share is convertible
at any
time into three
authorized number of
Pursuant to
action
shares.
common
shares
common
amendment increased the
The
from
220,000 to 490,000.
contemplated by the plan
make an offer terminating
shareholders to issue three 5%
by the directors and
the corporation will
as
of
recapitalization,
Sept. 25, 1945, to all second preferred
convertible prior preferred shares (of an
aggregate par value of $150)
in exchange for each
outstanding second preferred share, par $100,
and
its accrued and unpaid dividends of $49 per share.
offer
be
may
accepted
outstanding
stated
second
intention
its
refused
or
preferred
by
the
shares.
The
Such exchange
respective holders of the
board of directors has
of declaring the exchanges effective if the ex¬
accepted by the holders of two-thirds or more of the
preferred shares; it may declare, the exchanges effective u
accepted by a lesser percentage but the exchanges will not be declared
change offer is
second
effective
holders
The
if
accepted
the
of
plan
Commission
holders
less, than
of
majority of tne
a
preferred shares.
approved
July
on
the
by
second
was
by
13.—V.
Minnesota
the
162,
Warehouse
and
RR.
1030.
p.
Union Oil Co. of
Calif.—Special Offering—A special
offering of 28,659 shares of capital stock (par $25) was
made on the New York Stock Exchange Aug. 30 by
Shields & Co. at $22
per share, with a commission
of 40 cents.
of
to
1,200
miles,
air
;
mail
per
Beside
332.187
the
Increase
an
the
completed in the elapsed time
purchases by 34 firms;
136
were
the largest trade, 5 the smallest—V. 162, p.
was
1030.
(Excluding
Period End.
(and Leased Lines)—Earnings—
Offsetting
July 31—
Accounts
$
Companies)
the
Between
1945—7
1945—Month—1944
Mos.—1944
$
$
$
Railway oper. revenues.
Railway oper. expenses,
49,181,284
29,433.077
41,877,333 301,563,623 277'04^,q,
26.230.223 190,951,848 185,3m.3W
13,273,654
11,520,565
78,699,554
65,568,4 m
4,820,827
3,014,538
24,791,626
19,998,640
1,072,723
1.512,839
9,398,686
9,026,908
4,527,437
1,128,697
1,173,697
34,190,312
7,916,492
29,025,548
8.217.332
4,764,853
3,353,740
26,273,820
20,808,216
11,200,000
9,600,000
64,300,000
52,100.000
&
joint
facility
Net
Inc.
inc.
rate
of
60
cents
per
share, if the CAB
flew
its
of
974 403
month
$1.73
record
reduce
the
air
all
Files
Federal
inc.
Bond
on
The
has
company
Refunding—
asked
the
ICC
for
authority
to
refinance
of
$81.-
its ou otanding 3V2%- series A
refunding mortgage bona •
The company said it
proposes to issue a like amount of 3% series a
by operating 52,251,507 passenger
July of 1944, Mr. Cocke said
The
plane miles in July, a 38.9%
gain
service
charges
from
mail
year.
passenger
ether
income
602.000
over
sources-
$o_68
.
to
July—
revenue
last
&
♦Includes
ton-mile, earnings would be
order
other
Net
refunding
Oct.
during
Julv,
TWA
flew
3 209
1,
The
The
mortgaeg
bv
the
bonds,
road
said
it
company a
lower rate
prudent
the
new
of
favorable
p.
Oct.
1,
matuie
and
1945,
course
at
to
and are redeemable
1980.
market
refinance
which
the
at lu
1945.
conditions
it was
Dec.
on
the
new
1,
old
issue
would
be
610.
•
.
dee^mbonds because 01
could
probably
stated.
-
pound-miles of airmail, a gain of 89.3%
over
July of'1944
8Q4.038.0Q8 pound-miles of express, a
gain of 5.6%,,
dated
June 1,
calling them
interest
company
bonds
due
proposes
present
The
be
f
are
of
sold,"
to
1990.
series A bonds
"Because
milestone
43%
2,985,007
same
trans¬
investments
666!253
ton-mile is put into effect.-
new
from
from
1,150.224
934 084
$1.05 per
reached
comany
was
There
Union Pacific RR.
Fixed
l,699il63
share
per
on
45
The sale
15 minutes.
c9
sold
through competitive
;
,
.
.
bidding.—V. 1°
1
...
carried
a
Asks Authority to Sell A Route to Arizona
Airways
This corporation has applied to the Civil Aeronautics
Board for
permission to sell its route between Phoenix, Ariz., and Las
Vegas1'
Nev.,- to
Under
Arizona
Airways,
the proposed sale
...
a
new
corporation
i
;
»«•
agreement, TWA would receive 5,000 shares
Union
Sugar
Co.
U-
To
Increase
Capitalization
Split-Up Shares-^-Earnings Higher—^
-
-
V
and
:
A
and
proposed - two-for-one> stock
split-up of the common stock
elimination of the authorized
preferred stock will be voted on by tno
stockholders at the annual
meeting to be held-on Sept. 19;
.
The proposed amendment to
the articles .of incorporation will, n
"
-
plan of
*
»■
1944
3,201,506
shares
of
TWA
<■
value, of
value
$17,218,608 $10,490,785
-
;
\
5,893,550
162
For
the first
time in a
single month TWA's operations in
July
the 50,000.000 mark in revenue passenger
miles, according to
preliminary figures announced on Aug. 24
by E. O. Cocke
VicePresident in charge of traffic.
r.
class- of
senior
par
portation operations
income
cents
and
\
■
meeting held Aug. 28, 1945, the shareholders adopted
a'proposed amendment to..its articles of incorporation as the first
step in effectuating a proposed plan of recapitalization. The purpose
of-the plan is to eliminate accrued and unpaid dividends on the out¬
standing preferred shares (which by virtue of the amendment became
second preferred shares)
amounting to $49 per share, by means of
voluntary exchanges of such second preferred shares for shares of a
$2.21
$1,219,000
passed
.
filing of the Amendment to the Articles of Association, the
stock authorized thereby would, on the basis of the debentures,
*
-
shares
common
i
-
special
a
513.159
,
.
<At
Equip.
1943
$2.65
share_
New Record Made in
financing cannot be
Feb.
recapitalization.-
♦Taxes
Years
revenue
rate
con¬
and 30,000
may
613.756
of
or
outstanding
now
Exchange has authorized the listing of 90,000
prior preferred shares (par $50),::subject to adequate
7%. second preferred shares (par $100); and
convertible
and
Earnings
they
Co.—Listing of StocksRecapitalization Approved—
the
and
but
common
$1,033,030
de¬
the
2269.
P.
$26,254,575 $23,811,763
taxes
Number
postponed
conditions
stock
with
of
161,
debentures
and
rental
per
After
Net
financing, must be left for fur¬
connection
preference
rather
outstanding
6 Months Ended June 30—
However, under the provisions of the Articles
the. prior
time
prior
retirement in
which
in the discretion of the board
call
income
Gross
the
as
stqck and stock-purchase warrants outstanding Aug. 10, 1945, and the;
.
any
Transcontinental & Western Air,
O'On'tlhe
common
Lonsdale
applied
spindles
"■Based
stock
used
preferred stock.
dividend
or
sales
over
of
this
p. 503.
feels that
if so, for how long, and the
vertible
be
two-shift
■"Net
convertible
shall be
assets
Earnings
a sum
in the neighborhood of $10,000.000, in addition to that to be obtained from the sale
of the convertible
preferred stock, would be desirable in order to
place the corporation
ip a. position to expand its business and to
acquire properties or stock
interests in lines of business similar to
those now carried on by the
corporation
as
and
when
desirable
opportunities
occur.
Whether
is
If
the
management
the Lons¬
1944
such
It
stock of
or
minimum
Net
or for such bank borrowing and accordingly stockholders
being asked to authorize or approve the issue of
debentures
of such bank borrowing. ....
ther
the
purchase
Results
preferred stock shall not exceed
mot
may
had
Corp.,- above. —•V.
York Stock
270,000 "additional
determination
be terminated by the landlord
at any time after Dec. 1,
1947, when the amount paid in cash rent
thereafter shall not have
equalled an average of $20,000 a month.
Debentures
or
to
available
The
The so-called
a
no
is;also proposed that the corporation shall
raise additional funds,
through a serial bank loan or
through an issue of debentures
sold to the public or at
private sale.
No authorization or ap¬
proval by the stockholders is required for the
issue and sale of
and,
actually
New
distribution,
machinery and equipment situated
therein, together with the water rights appertaining thereto, leased at
a
net rent eaual to 4 %
of its total net sales,
except sales in the
greige of goods manufactured at the
Berkeley Mill above referred to.
This lease is for a term of ten
years, ending Nov. 30, 1954.
There is
be
bentures
than
Blackstone Mill situated at
Blackstone, R. I., with
1,160 looms and the Lincoln Bleachery situated
at Lonsdale, R. I., with a current
weekly production of 2,000,000 yards
]
of
that
postpone negotiations until
necessary funds to con¬
of said
price was after
disposed of its fixed assets and paid $32.25 of divi¬
had
purchase.
$0.55
corporation.
55,424
either
sale
corporation, provided certain ad¬
It was also desirable to obtain
and
rather
properties operated by Lonsdale Co. consist of the
following:
The so-called Berkeley Mill situated at
Berkeley, R. I., and the
machinery and equipment situated therein, including 54,240
spindles
and 912 looms with 120 new
high speed looms on order, held under a
lease for a period of ten
years, expiring Dec. 31, 1954, at a net rental
of $60,000 a year.
is-proposed that the corporation shortly issue and sell
$10,000 000
The
terms,
(1)
stockholders.
are
effected,
The
convertible preferred stock to the
public through in¬
vestment bankers.
The remaining 100.000 shares
of convertible pre¬
ferred stock to be authorized
will be available for issue in the
dis¬
cretion of the board of
directors without further authorization of the
to
no
stock from Mr. Little, trustee as
aforesaid, at $20 a share
maturing over a period of not less than three years and to
$100,000 paid for said option as an inducement to the
or
of the
annum.
Value of
was
desir¬
rate
5%
<
sold
so
there'
the
directors
Proposed—
on such terms and conditions and for such considera¬
board of directors shall from
time to time deem
able,. -The dividend
r,It
to
cash, the part of the proceeds of the
proposed convertible pre¬
ferred stock issue, which would otherwise have been
used to pay for the
specific purpose
par
applied
with
par value $1 each
authorized and to provide for the
issue of two shares of said com¬
stock of the par value of 50
cents in place of each
outstanding
s^e of common stock of $1 par value; (b) to provide that shares of
prior preference stock called and retired
shall not be reissued; (c) to
authorise an issue of $12,500,000 par value of
convertible preferred
stock, consisting of 500,000 shares of the
par value of $25 each, con¬
vertible into cdmmon stock, share for
share, with appropriate ad¬
justments in case of certain additional issues
of common stock, and
to increase the authorized number
of shares of common stock of
50
centos a share par value to 1,700,000, so as to
provide for such con¬
version; and (d) to authorize the sale of
said convertible preferred
stock or of any common stock not theretofore
issued or reserved for a
the
Co.
notes
business
Common Stock Split-Up—
of
be
-
mon
.as
be
the opinion of the board of
directors is more beneficial to the cor¬
poration than the exercise of the option above referred to, can be
agreed upon with Mr. Little, trustee as aforesaid, it
will, of course,
be substituted for the
existing agreeement.
In case the assets and
now
per
While
board of
forfeit
meeting of stockholders will be held on Sept. 10 for the
purpose of taking action on the
following proposals; (a) To authorize
the issue of
1.200,000 shares of common stock, par value 50 cents
each,
ity, place of the 600,000 shares of common stock,
5%
will
aforesaid and the committee was aware thereof.
directors is considering offering to
as
The
Stabilization
j,
on
the
Lonsdale Co.
special
tion
therefor
the, fixed assets
Inc.
these
on
corporatoin
dale
Davis,
Convertible Preferred Stock
May Acquire Lonsdale Co.—
A
Textron
acceptance of said offer.
been
road
'
Textron, Inc.—To Vote
New
purchaser of
of
option
the
Transportation and the executive order
gives that agency
authority to determine when-its1 return to the owner is
"practicable."
labor dispute' on the T. P. &
W. has never been settled, and no
doubt will
have
paid
the
summate
The
p.
and
justments could
the railroad.
Defense
—V. 162.
$100,000
$1.51
1
Electric
of
Plan
prior to Dec.- 31, 1945, and sub¬
adjustments of leases, rentals
and
undisclosed
there have been no transactions except in the
the
750,000
share—_—
2666.
P.
Noma
The
provided
exercised
750,000
$411,149
750,000
-
Twin City Rapid Transit
to
committe of three other members of the board of directors
ap¬
for the purpose.
The committee, on or about July 17, 1945,
determined that the stock at $20 a share would be
a
desirable pur¬
chase from the point of view of the
executive
an
See
ad¬
any
a
to
returned
their owners
'
outstanding,
by Lonsdale Co. an af¬
set principle
followed
determining the price to be specified in the option, it was deter¬
mined as the result of
negotiations between Mr. Little, as trustee, and
its
soon as practicable"
under the terms of
order, issued Aug. 25 by President
Truman.
'
and
in
was taken over bv the Government in
March,
employees were on strike in protest against
the
management's undertaking to eliminate
"feather-bedding" from their
working rules, is among the properties which are to be
1942,
'
and
is
filiate
This railroad, which
.'■■t
'
issue
satisfactory
the
was
an
„
issued
pointed
^Toledo, Peoria
y
shares
75,000
$1,131,654
$1.93
*•
Triumph Industries, Inc.— •Control—
about
or
remainder at $30 in cash and notes for $15 secured
by
purchase money lien per share.
Lonsdale Co. disposed of a large part
of its fixed assets, with leases back in certain
cases, and has paid out
an aggregate of $32.25
per share by way of dividends since the acquisi¬
tion of the stock by Mr.
Little, as trustee as aforesaid.
In no case
Owners—
.
stock
to
cash
128,698
$3,912,605
$5S6,969
21,818
.
8847"
p.
14,648,416
290,153
8,496
286.330
$914,648
,h-
on
75,000
-
$1,445,002
.
per
161,
*
305,000
follows:
as
the
purchase price of the stock.
No such application can be made if
the assets and business are purchased.
Royal Little, trustee as afore¬
said, purchased approximately 2% of said stock at $35 per share in
,-a> /0V>
•••{•
156,425
option
26,501,737
$5,676,715
66,334
$1,209,474
charges
—V.: 162,
26,637,887
13,705,546
1,491,620
-
51,708
$1,144,317
income.
oper.
1945—7 Mos.—1944
-2,274.337
283,572
'
:n
Miscellaneous deductions
.'V '
are
the acquisition of the assets and business of Lonsdale Co. and to
pur- such assets and business or exercise the
option to purchase the
above referred. to, whichever shall
appear to be most beneficialfrom the point of view of the
corporation.
If the above mentioned
$6,877,310 $47,576,668 $46.343,567"
4,042,363
1,686,410
Other. income
4
Co.
'
\
shares
Earnings
—V.
the
proposed purchase of
stock
Period End. July 31—
Operating revenues—.
Operating expenses
Railway tax accruals,.
Equip, rentals (net Z>r);
Jfc. fac. rentals (net Dr).
'
Lonsdale
the
—
taxes
income;
Capital
Government.
with
chase
Ry.—July Earnings—
-
'it
S.
$1,626,224
Crl23,778
'
usual
5
.
the tJ.
course of businessit will exercise said option, unless it shall
purchase, directly or through a nominee, substantially all of the fixed
assets, inventories, prepaid items, goodwill and name of Lonsdale Co.
prior to June 30„" 1946.
The corporation proposes to negotiate for
610..
p.
of
corporation,
fe.rred
51,375,518
income™
oper.
Net
■
liabilities
railway
railway
fabrics for
credits
Prov. for State & Fed. income
engaged in the production
bleaching and finishing business.
shares which may be acquired by the trustee, at $20 a share,
less the amount of any dividends after the date of the
option agree¬
ment.
The corporation has agreed that if it sells its convertible
pre-
4,744,321.
2,153,157
78,096,409
assets
or
of
out
$9,266,412
74.693,765
from
Miscellaneous
been
ditional
*
From Jan. 1—
Gross
has
July 25,- 1945, paid to Royal Little,
trustee under a declaration of trust, dated June 4, 1937, for the bene¬
fit of The Rhode Island
Foundation, a charitable trust in which he has
no
beneficial interest, $100,000 for an option, good until June 30,
1946, to purchase 155,431 shares of the common stock of Lonsdale Co.,
;
,
.
1943
Co.
arrangements in connection
'The
'
Net
and other
stock
-
.
Lonsdale
years
cotton
goods and in the
early in the war it has been engaged in production of airplane
fabrics, life raft cloths, twills for Army, Navy and Marine Corps uni¬
The
railway-
Operating income
proceeds of convertible preferred*
...v--V
many
fine
From Jan. 1—
Gross
estimated' minimum net
Since
11,838
.
issue.
For
1944
1945
v
is the
•»"*'
-*
-
-
-
-
THE COMMERCIAL
Number 4419
162
Volume
& FINANCIAL CHRONICLE
1213
*
the present 160,000 shares of $25 par common stock
with a par value of $12.50 each. The new issue
•n
hp
exchanged for the old on the basis of two for , one.
The
nn^pd
increase will,
after reclassification of the stock at present
tiding and
issued, leave the company sufficient authorized but
change
linn
shares
000
Unissued
of
stock to take care
contemplated- at. present.
future
capital financing.
1945
$187,839
surplus
on
International
corporation has called for redemption on Oct. 1, next, 3,000
of its 5%
cumulative preferred stock at-$104 per share and
The
amounting
dividends
opprnpd
to
$1.25
share.
per
Payment
will
be
called
the
of
Holders
for
30—
Period End. June
Subsidiaries—
Total oper. revs
Operating expenses
from
from
ry.
local
State,
—
653,409
tax
$2,029,336
1,291,556
railway
75,905
from
ry.
—V.
149,618
105,704
■
199,706
$219,260
V;v£\- 4,319
175,804
$417,185
5,706
,
$393,973
8,844
$244,967
$426,029
3,078
5,596
$404,344
5,314
$235,031
$221,889
$419,433
$399,029
Co.
172,320
Note—No
286,315
466,195
733,065
the
share,
distributions
in
330,058
204,908
490,481
439,724
$233,958
$284,936
$554,981
Sales
1944
profits
above similar
1.944
six
as
$483,954
$405,078
$339,558
Net increase
2.
in
surplus
for
account
the
period
ended
30
1945,
2%
were
period of 3944.
June
on
30,
Insurance
Co.—Ends
will
casualty,
that aviation risks will be individually con¬
Company action on war-time restrictions in existing policies
be announced
and
,
shortly.—V.
504.
362, p.
This
and the Westingbouse Electric Corp. have concluded
whereby the former becomes exclusive distributor for
Micarta," a laminated plastic sheet made by Westinghouse,
on
Sept.
to
29
23,000
.
740,000
$871,104
$0.43
$0.62
*
in
1945
(six
for
$1,041,993
possible
months)
sales
$0.76
/
refund
to
not
Plywood warehouses throughout the country will pro¬
for the plastic sheets and special fabricated items.
also will have complete responsibility for sales, advertis¬
ing, promotion and service of decorative Micarta.—V. 162, p. 504.
Rasmussen, of Cincinnati, Ohio, has been elected VicePresident
in
charge of
sales
and
merchandising.
He has
been
General Sales Manager for the Crosley
Corp, for five years.
He
miles,
See International Detrola
in
announcement
an
net
for
and
18
20
Sept.
this
July,
proved
An
dividend
ry.
per
was
months
and
periods.
Similar
to
118.52%
of
Gross
from
ry.
be
the.
serve
ce£«
•
An
award
flight
with
mileage
an
increase
to
ran
1975.
The
5
the
over
winning
headed
group
of
$6,000,000
bidders
corresponding
101.95,
Four
other
100.18
101.91
Co.
to yield
&
by
first
named
for
for
a
Harris,
of
3%
and
3V'8S.—V.
101.87
Kuhn,
162,
July 31-
revenues
&
plan
Co.
and
Hall
to
W.
2,051,768
«&
Co.
St.,
Taxes
reoffer
the
C.
Langley,
of
l3/4%,
payable on
Oct.
1
$454,455
(net)—
Drl3,099
$3,437,480
0520,198
DrlOO.677
income-
$585,517
$494,350
$3,857,001
28,885
30,793
211,279
Other
holders
of
$614,402
$525,143
274,854
$4,068,280
1,897,907
income
shares
may
exchange
Branch,
The
them
has
Assistant
prior
been
acct.
appointed
from
an,
Branch.
The Federal Reserve Bank of
York ann°unced on June 28
Allen
the
Bank
joined
the
bank's
staff in January, 1929.
ber,
that the board of
directors of the
1941
he
was
In Novem¬
appointed an
officer of the bank with the title
has
made
the
following
in the official staff of the
tions
$596,701
loans
and
..
.
,
reTary ^id6^' con^nu^nS
.
1943
1.926,488
569,408
$4,870;738
1,530,611
374,500
368,800
636,300
454,500
taxes
surtax
taxes
75,500
depreciation
the
consumer
lation
ernors
W
of
of
the
Federal
1,521
527.885
506,345
3,241
$662,720
$666,240
kwh.,
Vice-President,: Mr.' Allen
a
ry.
r
:,'t" I'M
,<
J* *>
ended
2.3%.—V.
Sept.
1,
kwh.
11,243,000
of
for
162, p.
1944
1943
$2,694,667
$3,055,462
943,859
575,400
1,166.420
607,354
20,506,735
19.831,426
railway
oper. income
Gross
from
from
Net
ry.
—V.
railway
L
railway
7,575,092
;
390,986
1,555,616
18,001',:690
22,910,918
9,802,650;
4,417,400'
2,691,772
8,72p,897
6,807,951
'
I'Vl
Z. & F. Assets Realization Corp.—Dissolved—
Pursuant
10,
claim
and
held
to
must
County
on
order
of
the
New
York
1945, this corporation has
or
against the corporation
for
funds
Dec.
be
Clerk's
3,
served
on
office
on
the
"
Supreme Court dated
dissolved
and proofs
of
been
against
or
attorneys
before
or
^
State
and at such adjourned dates
r
assets,
filed
property
in
the
Nfew
5.
as
"...
its
and
Nov.
Hearings will be
may be fixed by the
;■>,
•
■.
'
Davis, Polk, Wardwell, Sunderland
Kiendl, 15 Broad St.. New
York, N. Y., and Rogers & Condon, 52 Wall St., New York, N.
Y.t are
the attorneys.—V. 159, p., 2459.
^
%"■
to
who was appointed
Cashier
of
the
total
$458,874,000,
Associated
China
a
stated
year
i> i
war
Japan
con¬
aid
to
expected to increase
Road
will
help
provide
steady flow.
000;
and-
trial
ago,
the
were
in the total:
than fifteen times that
a
from
Mr. Cr6w*
According to the report, the fol¬
April's $61,000,000 worth of
month
against
was
lowing
materials and services, represent¬
same
report
rapidly, and recent opening of. the
Reporting on lend-lease aid to
Crowley
Press
ley added that with the
1943, and since then
T.
March, 1941,
according to, an
Washington, June 12.
centrated
assist¬
since
Buffalo
China, Foreign Economic Admin¬
Leo
lend-lease
to China
Stilwell
mor£
v
611.
p.
Lend-Lease to China
the
1942
$3,147,978
$3,385,635
1,171,492". 1,871,986
6.904,462
2,655,579
income
oper.
162,
has been at the Buffalo Branch.
of
the
From Jan. 1—
until March,
ing
1945,
1031.
Mississippi Valley RR.—Earnings—
railway
items
principal
Ordnance, $210,387,-
aircraft,
$83,453,000;
vehicles,
$84,686,000;
tanks
indus¬
$79,005,000,;
products,
and
agricultural products, $1,343.000.,
■
}
week
with
decrease
1945
from
will
s,
$698,369
Corp.—Weekly Output—
compared
as
Branch, joined the bank's staff in
March, 1942. He served at the
head office
in New York City
that
5,169
•
and post-war credits of
$70,700 in
1944 and $49,218 in 1943.—V. 161, p. 2699.
10,985,000
Net
Mr. Myers,
istrator
'
'
7,347
Secretary.
,
'
$1,209,882
ance
Sec-
i
■
,
$1,197,366
520,998
general administra¬
duties, and will continue as
Assistant
mijjj•'
$1,210,021
•
;,'Ol39
$1,191,065
™
brought
served in that
'68,955
-64),443
T
.—Mh'.,;'
$1,195,844
tive
Reserve
—
5,754
to undertake
credit under Regu¬
the Board of Gov¬
-445 012
710,725
-
$1,185,310
opera¬
function, which includes the ad¬
ministration of the V, VT and T
loan program and the control of
609,015
B65,678
1
66,500
713,379
credits
Manager,
and
income
from
$597,064
Credit Department, System.
Mr. Treiber joined
the legal
capacity until
hank effective
July 1:
staff of the bank in September,
January, 1945, when he was as¬
Loren B.
Allen, formerly Man-; signed as Manager of the Account¬ 1934 as an officer with the title
ager, has been appointed an As¬
of
Assistant
Counsel.
He
also
ing Department. Except for about
sistant Vice-President.
served as Assistant Secretary from
a year's work in the Bank Exami¬
William F. Treiber, " formerly nations Department in 1932 and June, 1940 to April, 1942, and since
Assistant Counsel and Secretary, his recent work in the Accounting then has served as Secretary of
aas been
the bank. He was also Secretary
appointed an Assistant Department, he has been continu¬
of the Victory Fund Committee
ously engaged in the loans and
as
credits function. Under the gen¬ for the Second Federal Reserve
M. Monroe
Myers, formerly Spe- eral supervision of Arthur Phelan, District in 1942-43. Mr. Treiber
Cla*
Representative at the Buffalo
will leave the Legal Department
of
for
"IZy'i
1944
$5,241,62.0
1,880,241
565,009
deducting debt retirement
Net
1,894,175
$85,295
charge of the
^
1945
income
Gross
$2,414,714
the
S&T La
Co.—Earnings—
"
Wisconsin Public Service
$4,308,889
$2,170,373
in
of
at*th<?
208
,'
Electric output of this corporation for the
of
be
now
made
1123.
p.
■
$250,289
q
next, at l02,/4
(orginallv 6%%)
1,
Drl06,755
$85,243
amort,
profects
Nov.
on
authenticating trustee,
160,
charges
totaled
$8,301,561
4,381,000
$336,046
;
Canada,*0*
Payment will be
profits taxes
1945, $50,500 in
—V. 162. P. 505.
Cashier of the
advices
redemption
court.
•Incl.
state:
Mr.
278,356
_
income
defense
preferred
for
deductions
Net
$4,118,394
190,495
charges
Ont.,
$5,480,886
income
Net
oper.
Windsor,
_
Gross
$3,920,561
0304,588
Jt.
Cr53,565
Drl3,670
income
•>
Redemption—
or
operating revenues
Non-operating revenues
$3,019,837 $21,688,393 $21,784,700
1,955,382
14,222,913
13,483,139
Cr86,507
ry.
•
'
1031.
Net
York
to
Toronto
p.
called
and
excess
Yazoo &
$512,109
Net
of
161,
July—
Operating income
Equipment rents'
Gross
cities
has
than
State income
1945—7 Mos—1944
4,028,000
rents
1
for redemption on Nov.
1, next, $7,700'of
40-year mortgage bonds due Nov. 1, 1966, at
Payment will be made at The Canadian Bank* of
expenses
normal
Provision
jointly,
610,000
revenue.
1,612,9.31
called
revenues
'"Federal
bonds
358,000
Fixed
been
Chicago, 111.—V.
other
Federal
(Inc.)
$7,465,480
oper.
.'5,020,611
Co.—Proposed Merger-—" 1
12 Months Ended June 30—
Co.—Earnings—
$2,921,877
..
13,478^84
above.—V. 162, p. 720.
series A, due Nov. 1, 1948.
National Bank & Trust Co.,
Operating
Operating
and Minne¬
$1,064,455
Net
Co.
—
$870,109
Other
Steel
& Iron
corresponding week last year,
1945—Month—1944
expenses
2^443
5
of
were:
Halsey, Stuart & Co.,
Forgan & Co. and Harriman
3Ves; Kidder, Peabody & Co.,
for
Loeb
:932,160
""y
.
refunding 5%
company
Salle
1031.
p.
Western Maryland Ry.
facil.
Spencer
interest, all of its outstanding first mortgage 5%
City
They
Glo.re,
coupon;
jointly,
$2,224,615
,
15,685,529
5.117,581 * 6,486,392
1,903,2651
2,182,769
2,C97,426
gold bonds,
mortgage bonds, due July
price of 101.10 for a 3%
associates
received.
were
a
Inc.,
3j/8S
and
***
j^943%?
'
2.90%.
bids
for
Co.,
(Inc.)
,
Wisconsin Fuel & Light Co.—Calls
Bonds—
The
and
1,742,388
month
have
and
"After
Harris; Hall &
•.
14.356,086
6,390,936
London, England.—V.
coupon.
at
$4.25 pre¬
-
$2,381,630
929,419
359,567
747,708 '
288,762
16,032,939
income—
100 and interest.
Commerce in the
ago.
Portland, Seattle, Alaska, Chicago
banking
Sept.
and
exchanging :their
»t
$2,135,160
103.
p.
There
first
mileage
passenger
Light & Telephone Co., Inc.- -Awards Bond
investment
of
company
Exchange
1
railway
oper.
162,
Interest
the
shared
The
and
3943
265,858
Windsor Gas Co., Ltd.—Partial
apolis.—V. 161, p. 2599.
won
of
,
,
661,675
railway
Wickwire
system, including Inland Air Lines, covers 4,396 route
running between San Francisco. Los Angeles, San Diego, Salt
Lake City, Great Falls,
Billings, Lethbridge (Canada), Denver, Chey¬
enne,
and Huron, S. Dak.
The airline, which is the nation's eldest,
has filed applications with the Civil Aeronautics Board to
extend its
to
*
of
200,000
1944
Wisconsin Michigan Power
routes
of
opportunity
!•..
$2,059,790
income.—
See Colorado Fuel
Western's
present
from
Net
purchased up to and
will be entitled to receive
corporation's
Inland
July
railway
railway
oper.
Net
—V.
from Los Angeles to San Fracnisco showed
for
issue
From Jan. 1—
shares
miles during July a year
698,396
the
1945
from
and
amendment
an
outstanding $4.50 preferred stock
from
Net
miles
-
Federal Reserve Bank
Official Changes
changes
to
'•
,.,
on
a
Net
pounds carried during July amounted to 143,401, or an
of
98.78%
over
July, 1944.
Express pound-miles for July
63,779,066, as against 37,754,855 for the same month of last
an increase of 68.93%.
year,
company has called for redemption on Oct.
1, 1945, all its
outstanding shares of 7% preferred stock at $110 a share and has
Bank
Corp.—New
,
Express
The
7%
Products
Approved—Unexchanged ./Shares
underwriting
make
Aug.
the
Jan; 3
on
-
Wheeling & Lake Erie Ry.—Earnings—
totaled
Upson Co., Lockport, N. Y.—To Redeem Present 7%
Stock—New 4j/2% Preferred Issue Proposed—
of
on;the
record
2'a'rid
Jan.
on
group headed by F. Eberstadt & Co. is
expected'
public offering of the unexchanged shares in the
very n^ar
future.—V, 162, p. 924.
,
•/;«
to
year.
Net
outlay of approximately $2,000,000, in order to meet the
stepped-up production requirements.
He stated that this is not the
complete amount that will be spent, but that this phase of the com¬
pany's post-war plans will include, in addition to the 10 new stages,
an
administration building and bungalows.—V. 162, p. 1031.
Holders
v
cumulative
28,
30, 1945.
Payments
June 30 and Sept. 30
record-breaking,
The
1944.
Taxes
initial
15.
paid
--iOT'3
12, 1945,
162, p. 611.
months
passenger route
increase
^Operating
162, p. 611.
A. Scully, Vice-President and General Sales Manager, recently
disclosed that this company proposes to construct 10 new sound Stages
final
;
>
Aug. 30 approved
incorporation creating a new
of
the
cents
14,
three
prior
Sept.
on
W.
Sept.
,
July—
June
cents;
cents.
that
all
57
of
the current
31
31,
rate
record
ot
income
March
the
at
for
March
made
on
Aug.
distribution on
dividend
is
stockholders
on
July
contrast
Operating
Merger—
on
Corp., above.—V.
Universal Pictures Co., In<£.—Proposed Expansion—
a
each
Sept. 30, 1944, and 50 cents each
on
ferred stock are to be afforded
shares for the new issue:
c,
flew
during
Period End.
record of
cents
preferred stock without par value.
filed a registration statement with1 the
Securities
Commission relating to 97,000 shares of the
new stock.
in
over
Western's
Sept. 1.—V. 161, p. 708.
Universal Cooler Corp.—To Vote
declared
dividend of $1 per share
Sept. 29 to holders of
a
50
has
9,102,689 revenue passenger miles during July, as
figure of 5,341,585 for the same month a year ago.
passenger miles flown by Western's subsidiary, Inland
a
102.0699
H.
on
ml
Corp.—$1 Distribution-^
payable
with
Chlorine
stockholders
$3.75
soared
Air
Lines,
Inc.,
assumed office
18,458,328
.
value,
par
compares
Stock
tificate
revenue
Ripley
United Wallpaper, Inc.—New Vice-President—
James
4,563,547
Underwritten—
Gross
above
each
preceding month,
Thomas Wolfe,
charge of traffic, announced on Aug. 30.
July figures for the airline .showed an increase of 8.57% over
and
70.41%
over
July of last year.
149.48%
distribution
an
5,057,416
12,000
quarterly
announced
successive
have
The
1,
5.
The company
at
Westvaco
company
announced
>
Aug. 23 declared
no
This
ferred
Issue
United States
vide
five
against
agreement
"Decorative
it was
3,013,440
dividend
and Dec. 28.
Western
United States Plywood Corp.—-New Contract—
an
on
stock,
14.
June 30, this year, $1
and June 30, 1944.
increase
(
further announced that in issuing new policies it will
longer include restrictive clauses in respect to military service and
sidered.
to
This
made
further
Western
Pre¬
extras.
war
June
an
Extra
company
civilan
1,552,760
1945
consecutive
follows:
as
Vice-President
last
Life
company
announces
that as a consequence of the Japanese
capitulation it has eliminated extra premiums on its world-wide travel
coverage and has currently under consideration a revision of foreign
no
$6,862,409
made
of
declared.—V.
Air
June
The
The
respect
(EWT)
figures
miums for Foreign Travel—
residence
been
according
dividend just
The
months'
States
Sept.
Owners of presently
undistributed
were
was
For
est.
taxes
were
approximately $229,000 lower
compared with Dec. 31, 1944.—V
160, p. 1472.
United
$3,896,544
$600,758
including 4 p.m.
1943
inventories
Stock
1945,
March
on
6,594,927
6,383,675
/.
■
The directors
common
Western Air Lines, Inc.—Record Traffic Figures—
1945
$239,997.
the
in
were
cents each,
20
renegotiation,
paid
for
302,610
taxes
the
During the six months' period ended June 30, 1945, surplus account
was reduced by preferred dividend of $138,957 and common dividend of
$105,000,
322,033
$2,177,518
ordinary net income
accumulated
137,389
Ended June 30—
earns,
after deprec. and
period was
2,313
3.15,668
taxes
has
Sept.
from
$1,132,095
United States Envelope Co.—Earnings—
to
101,410
6,012
share__^„±_
Fund.
payable
110,210
$23,677
excess
11,990,460
1943
profit™
63rd
the
of
$885,629
2598.
&
26,079,585
3.901,077
4,076,710.
...
$7,268,742
97,590
24,000
common
directors,
69,337
6 Months
"Subject
1944
$4,322,179
yet re¬
negotiated.
On the basis which obtained as the result of the
renegotia¬
tion
settlment
agreed
upon
for
the
year
1943,
no
provision
is
necessary—V. 162, p. 611.
$508,204
—
inc.
>
:
611.
p.
::,1942
regular quarterly dividends of $1.25 each on the
5% prq$*ired
stock were also
declared, payable Oct. 1 and Jan. .2, next, to holders
of record Sept. 18 and Dec.
18, 1945, respectively.—V. 161,
contingencies
provision
53,617
& taxes..:—
and other indeductions
Net income
Fed.
4,379,811
93,440
profits
excess
Government
It
"Net
7,673,341
1945
debt
special
per
$407,352
income
p.
I
15,523,881
$2,591,440
deprec. & taxes.
taxes__.
for
Earnings
shares
exps.
161,
162.
'
28,372,607
10,535,370
Western Tablet & Stationery
566,546
1
1
(& Subs.)—Earnings—
income
&
income
declared
-V.
5,089,143
!
15,153,556
7,044,180
4,222,821
4,814
before
declared
income.—
income
693,140
"
:
int.,
income
The
for¬
and other
Total
17,410,258
7,670,873
4,245,581
income—
••
)
669,162
-
'
35,234,015
3943
$4,786,909
$2,990,501.
2,598,241 •r 1,210,832
1,419,255
694,012
982,070
>
-
-
$3,605,986
railway—14,043,312
oper.
:
v
Wellington Fund, Inc.—To Pay 20-Cent Dividend—
not consol.
Total int.
894,983
interest
State
10,370
2,441
corp..
subs.,
Gen.
968,113
18,096,355
funded
on
Profit
146,698
$237,473
from
divs.
&
ry.
1944
••
721,^711
railway
$2,011,481
935,249
582,597
Depreciation and amortization
Corp.—
mer
from
—V.
611.
before
Other
United Public Utilities
Int.
1942
21,303
$233,154
-
deductions
to
1943
$2,225,194
6 Months Ended June 30—
Provision
income
applic.
Bal.
from
Net
$2,339,783
income™
oper.
income—
oper.
Net
railway—6,928,688
162, p.
the
& misc.
ry.
_
«•
1944
1945
....
railway—_
$5,662,640
railway
:
2,552,367
From Jan. 1—
504.
p.
568,811
railway
1ro.11
Net
Fed.
106,710
-----
oper.
Gross
162,
*
from
from
Net
Merger—
on
above.—V.
$2,332,304
753,395
railway
income—
Consolidated net
Int.
July—
Gross
;
The
excess
profits
(net) _—
income.—_
Other income (net)
,,
>
{
RR.—Earnings—
^
77,847
taxes—----
Net
Corp.,
From Jan. 1—
Gross
Profit
Federal & State income
Federal
;
miscell.
&
taxes
Federal
$2,140,103
1,373,693
Western Pacific
Two
1945—12 Mos.—1944
$1,054,280
Detrola
oper.
Interest
$1,117,576
699,864
of
1945
Net
(& Subs.)—Earnings—
1945—6 Mos.—1944
meeting
1616.
July—
Walworth
Utilities Corp.
United Public
of shares of new 4%%
subject to approval of the
common siockhoiutrs to be heid
cash,
Virginian Ry.—Earnings—
Net
16 Wall St., New York, N. Y.
shares may surrender their certificates
redemption and payment at any time.—V. 162, p. 884.
the Bankers Trust Co.,
mide at
number
in
Gross
Net
chares
156, p.
like
a
share
Utah Radio Products Co.—To Vote
Gross
United Merchants & Manufacturers, Inc.—Calls Stock
special
a
Sept. 20.—V.
is
totals $496,364.—V. 162, p. 819.
now
at
for
a
Net
nrovisions for Federal income and excess profits taxes. Earned
-•>After
shares
new
1944
$166,566
^
income
•Net
the redemption date
preferred stock plus $5
See
Ended May 31—
Years
None
to
::/> "
v.,
>
.
;
•'
3214
THE COMMERCIAL & FINANCIAL CHRONICLE
crops
preparation of land and planting
operations, while drought devel¬
oped locally and threatened to
Spread in the Southwest.
Dry
weather persisted in the extreme
Southeast.
Even
these
under
handicaps, planting and replant¬
ing of crops made dogged and
astonishing progress.
With a good
possibility that most of the land
intended for crops will be plant¬
ed, the total volume of 1945 pro¬
duction is expected to be well
above average. Over much of the
country, crops and pastures should
respond to warmth and sunshine,
as moisture supplies are
generally
adequate with comparatively few
exceptions.
,
y;
Developments
months of the
vorable
and
for
during
season
winter
were
so
grain
that
pastures
earlier
fa¬
crops
prospects,
month ago,
though lower than a
are
still
good despite
and
South
half
Dakota, but less than
finished
in
Missouri
and
Kansas.
Planting of cotton and
peanuts neared completion, after
generally good progress during the
month, although Oklahoma had an
appreciable acreage to plant. To¬
bacco setting varied in progress,
probably
averaging
later
than
usual, but was mostly satisfactory.
For
soybeans,
operations
were
just starting in some areas, but
planting averaged somewhat over
a third completed in Illinois and
Indiana, which is a little slower
than
usual.
Planting the late
potato acreage was beset with de¬
lays in Michigan, upstate New
Eastern
the
from
relief
much
Corn planting
June.
andTnto
the
produced.
above
rye
biggest
crop
ever
Oats and hay promise
in
also
shifts to
later crops,
such as
soybeans and sorghums, will take
place.
Elsewhere in the Corn
Belt there was much replanting
of spotted stands of corn.
De¬
pending on the weather and time
limitations, some shifts from corn
even
to
soybeans
than
to
likely farmers will first turn
of hybrid seed corn
varieties
that will mature in
shorter pe¬
a
riod of time.
It is too
early to make specific
predictions
that
will
on
contribute
output this
country
crops
the
to
total
Nevertheless,
season.
number of factors
the
of the
many
as
favorable.
are
whole, the
are,
perhaps,
a
production.
average
production
forecast
The
is
down
somewhat,
compared
with last
month, but on the whole yields
are good.
A record crop of early
Irish potatoes is in prospect, and
the
tonnage
market
large
truck
to
appears
in
duction
for
crops
be
about
as
the record volume pro¬
as
duced
of
1944.
is
Total
fruit
expected to
pro¬
be nearly
below
normal
country
from
over
the
tains eastward.
most
Rocky
the
of
Moun¬
The cold weather
which started in April
into the first part of
continued
June, ex¬
cept for the last week of May,
when
temperatures
normal
area
levels
over
rose
to above
most
of
the
between the Rockies and the
Appalachians.
Because
of
the
cold
weather, the development of
output last vegetative growth was greatly re¬
year, despite frost damage to the tarded.
Winter and spring grain
deciduous fruits,
especially to the crops made slow progress, • with
apple crop, which may hit a rec¬ varied effects.
In
some
areas
ord low.
Although pastures de¬ plants have taken on a
weak,
clined from the
relatively high spindly appearance, while in other
condition reported a month
ago, sections they are stooling well,
the June 1 condition is still Well even
though lacking in color from
above
average.
Except in the want of sunshine.
Hay crops and
Southwest, ranges were consid¬ pastures developed slowly. More¬
ered good,
with prospects for over, they were blackened
by
Summer feed much
frosts in parts of the Lake States
improved.
equal
to
the
record
Working long hours, in
many
''around the clock," farmers
cases
took
advantage of
break in
weather to prepare land and
to
plant crops.
Much was ac¬
complished during the last half of
every
the
May, particularly the last week.
As conditions
permitted, farmers
mustered
all
available
power
equipment and family help, pool¬
ing equipment and labor resources
With the neighbors in some in¬
stances, to get the job done. On
June 1
planting was still behind
schedule but
acreage
had
surprisingly large
been
prepared and
A considerable progress
planted.
has
a
been
made
since
June
1
in
and
the
Northeast.
West of the Continental
is
favorable, particularly
in the Pacific Northwest.
Here,
too, the season is late, and some
Spring planting is still to be done.
More moderate temperatures and
to
be
accomplished, and
adverse weather could
cause some
further shifts in
cropping plans or
idle, the total
acreage planted to principal crops
seems likely to be
only fraction¬
force
ally
-
land
less
to
lie
than
the
near-record
acreage intended this season.
'By June 1 most of the small
who
the
States
were
important
to
off to
permit
a
slow
dry
spring
farmers
start in
April, to practically finish seed¬
ing their planned acreage of small
grains. v About
half
of
the
Arkansas rice acreage was still to
The crop lacks color in Iowa and
other States where cold, cloudy,
weather
wet
However,
would
has
The
showed
prospects
the
and
materially
condition.
crop
been
warmth
improve
another
decline
drought
as
cut
the
Kansas
from
expectations.
dry weather persisted in Arizona,
Where
May precipitation was
barely measurable.
Severe
drought
developed
in
New Mexico and the Texas Pan¬
Oklahoma
and
south¬
The
outlook continued very
promising
in the northern Plains and in the
it
appeared
much
occur
usual.
Earlier in the
The
slow
the
harvest
than
sooner
areas
now
may
start
few
weeks
late.
The
spring wheat
somewhat
Oats
pro¬
duction is expected to be the
ond
largest
in
de¬
though
even
crop
in
is
20 years.
sec¬
Barley
promises
an above
average yield
acre, but production will be
less than in recent
years, since
the
acreage
is
smaller.
per
harvest
tions
Early
bearing out predic¬
good yields on winter
was
of
mal.
Texas recorded the lightest; Belt.
Notwithstanding, the out¬
since 1896.
Grain look is good.
crops suffered marked deterior¬
Hay prospects were lower than
ation in this dry area and wheat; a month
ago, but a big crop is in¬
abandonment is expected to be dicated
by June 1 condition.
Ex¬
heavy.
Ranges have reached a ceptional early developments of
critical
stage and moisture
is alfalfa, clover and wild
May rainfall
the
hay has
Recent
Texas
scattered
Panhandle
western
local
in
Oklahoma, largely
character, have brought
temporary relief, but the whole
area
is
in
immediate
need
of
a
good general rain.
May rainfall was below normal
in the South Atlantic States from
North
Carolina
to
Florida.
generally dry situation
A
has pre¬
vailed to the point of being crit-
lows.
Peaches
not
been
unusually
Alfalfa
frost
entirely offset
slow
has
in
growth
been
some
by
in
damaged
Northern
the
May
by
States
with resulting loss in
quality. In
many areas, first cuttings have
been delayed by rains which also
caught
some
tonnage
on
the
ground.
There is postponement
too, because some farmers have
been forced to devote all of their
time
to
planting operation.
That
far
as
and
sweet
cherries, however, look like rec¬
ord-large crops.
Production of
grapes and prunes will be above
average and larger than last year.
Crops of pears, plums and apri¬
cots will be shorter than last year
above average.
but
Commercial
truck
crops made
rather slow progress in most areas
during May,
as cool weather and
moisture in many sec-
excessive
ions retarded development.
Little
damage is apparent, however, with
effects confined largely to a delay
in maturity.
The aggregate ton¬
of commercial truck crops
or harvest this
spring is now in¬
dicated to be 4% above a year ago
nage
and
nearly
one-fifth
larger
than
he
1934-43
average
spring
ton¬
nage.
from
The,
a
reduced
prospects
month ago,
when a tonnage
larger than that of 1944 was
6%
indicated,
most
is accounted for al¬
entirely by sharply lowered
prospects
for
watermelons.
cucumbers
Other
and
spring crops
showed
only slight changes
in
prospects from May 1 to June 1.
Early estimates covering approxi¬
mately one-half of the total sum¬
mer production show an
indicated
aggregate tonnage of these crops
5% larger than comparable 1944
production, and 16% above the
1934-43
average.
cantaloupe,
Beets, cabbage,
green
watermelons
for
harvest
are
heavier
supply
and
peppers,
early
expected
summer
to
this
be
in
than
year
last.
Lighter supplies of snap
beans, celery, cucumbers, lettuce,
onions, and tomatoes are indicated
for the early summer
period.
The
aggregate
will be about
some
In New Mexico, oats, and winter barley has good
May precipitation was the lightest prospects, but spring oats has sufsince 1927, while
spring rainfall j fered from too much rain and
has only been about half of nor¬ cold weather in parts of the Corn
over
record
that
2
area
as
to
last
western Kansas.
badly needed.
is
during
months, however, has
altered this picture to the extent
the
the record out¬
In the West
bright for prac¬
as
Virginia, prospects are
very poor for nearly all fruits, be¬
cause
of
spring freeze damage.
Total apple and sour cherry crops
will be extremely short, possibly
growth
is late and
development.
California, but extreme
in
yields
Southwest, and
dropped sharply
crop
earlier
Slow
deterior¬
the
wheat
still further in the
the
checked
rule.
sunshine
winter
ation of grain
crops, pastures and
and
enough in
much of it
has not yet shown above ground,
since germination has**been slow.
ranges in
rains
Wheat
crop,
favorable,
operations in the
the deadline drawing near. While
the weather was
cold, it was
corn
cidedly
grains were seeded, although rain
apd cold weather delayed these
Northeast, with
As for the
for.
western
remains
planted to highhybrids and im¬
proved varieties of oats and other
crops continue to increase.
a
rains
propor¬
corn
outlook
scattered
late
forced
be
year.
mid-Atlantic
south
practices.
the
harvest
handle, and the dry area has been
spreading northeastward into
Wet, but planting went ahead just
the same.
Although much still
hand,
of
of
crops
yielding
would
In places
too
other
of
season
little
a
the
tion
Divide,
soils
cold and
On
returns
because
plantings and because
changes
in
cropping
temperatures averaged normal or
above during May and the
general
outlook
Yield
lighter
Pacific Northwest.
Phrts of the Main Belt.
were
supplies.
be
may
the
for
is indicated to
large
last
outlook
and
but more
may occur,
year.
applies, and .most fruits in Mich¬
igan and Ohio.
In the Northeast
-
water
well
the
of
.
production
season
as
last
tically all fruits, including citrus.
In the South and Central States,
fruit crops are generally good, ex¬
cept for Florida citrus, Arkansas
Nebraska.
eastern
plant it seems likely that further
For
were
turn
is
considerable acreage yet to
With
Operations
ably not be planted.
May temperatures
almost
materially delayed in these States
and
fruit
current
April rainfall, as heavy
rains- continued throughout May
month
same
Total
of
effects
excessive
in
bushels,
the
not
did
and
adverse Idaho
Wyoming.
Progress outstanding facts
May.
The
winter was fairly
good
on
land
dry that most of the intended acreages
wheat crop is expected to be the enough to work in Minnesota and of crops will be planted; that the
Second largest on record.
Above North Dakota, but some acreage early season gains have not been
average yields anticipated on a may not be planted in the Red entirely offset by the adversities
fairly large acreage of spring River Valley.
A substantial part of the last 2 months; and that
wheat brings the prospective total of
the
intended
sugar
beet most of the country has adequate
wheat production to 1,085,000,000 acreage in
Michigan will prob¬ moisture reserves or irrigation
weather
equal
to
May
brought total production
to
a
volume only 6% below that for
Missouri and
experience
Kansas,
Arkansas
a
also hindered in
A laying rate -nearly
the
all-time record ;oi
tion.
Florida, and to areas in the other
York and northern New England.
were
beneficial,
States.
Corn
planting, pushed to
the limit allowed by the weather,
was nearly three-fourths finished
for the country as a whole. Local¬
ly progress varied greatly, being
nearly completed in Minnesota
Carolinas during the
the
especially for tobacco, and early
June rains have brought relief to
an' auspicious
Occasional freezing temperatures took fur¬
gardens, fruits and vegetables and even caused
some damage to
the more hardy<£
grain and hay crops.
Persistent be planted, but in the other rice
rain over a large area of the States, planting
was
practically
in crop prospects and to delays in
1,
in May.
With ranges also gen¬
erally good,
and feed supplies
ample, livestock are in a good
thriving condition.
May was. a
favorable month for egg produc¬
Local
years.
many
last week of May were
season.
done.
by June
in
rains in
ther limited toll from
contributed to reduction
the
lowest
The Department of Agriculture at Washington on June 11, issued
country
most of
growing
where
have had but little relief
spring.
June 1 condition of
new-crop
citrus fruits was the
its crop report as of June 1, 1945, which we give in part below:
One of the coldest Mays on record continued to hold back the
start earlier this
all-time record milk flow attained
in
11
acreage
important truck
commercial
than
more
planting.
planted
for
crops
processing
in
1945
2,166,000 acres—5%
the
If
aggregate
growers
1944
succeed
in
carrying out their early season in¬
tentions, processors will have the
production
from
a
record-high
acreage to can, freeze, pickle
utilitze for other
manufacture
or
in
1945.
Harvest of green peas from
acreage, estimated
at
513,010 acres, got under way at a
limited rate late in
May, and is
expected to gain momentum in
a
record
June.
Some Southern
grown snap
beans
also were processed
last
month. But in the
important areas
of
production,
essors
growers
and
proc¬
were
giving most of their
attention'
to
planting
various
vegetables for processing later in
the
season.
particularly in East North Central
States
and
central
for
other
northern
and
Adverse weather
areas.
planting, marked by frequent,
almost
continuous
rains
and
by
temperatures well below optimum
for corn
germination, continued
through most
latter
third
of
of
May. During the
May and in early
June,
conditions
improved
so
planting could progress more
that
rapidly.
Progress in planting
rela-
acreage
earlier than
serious
acreage
by June 1, when it i<= ?,anted
completed
In Kansas
soun, about 40% of the
olanr
was
done, but.was
and"'®3'
with
speed!™
better
8
JJJJ
lastI??
weather.
progress was noted the
of May and
early June in Illin^
With about 60%
planted to
1, and about 80 percent nno
X
later.
WisconlTand MichS
In
re6S p 1anilng had been
than
June
in
done
1944.
Iowa
about
planted. Ohio. farmers ent
of their
Planting done after
15, but as m northern
Indiana
vania,
land,
corn
hv
JS
S
a
1
.
it}
EnV
layed with
be
was
Pennsvl
New York and New
planting was greatly
some
An. adverse
prevailed also in States
gima to
de
still tn
plowing
done.
situati™
from Vh
Texas, with planting
Uniting
In
Florida,
and
needed.
Late
Alabama
Georgia
S
rain
planting
.
con
Carolina! £
the
crop looked good, but in
was
the
[nCa'ufZ?at.0ltheWeSt'
Vte*planUngs 'will S
though
tmue, the acreage of
•?i
will be
corn
less than
was intended
with most of the
decrease likelv
•
to occur in the central
portion of
the
country.
Planting
can
be
pushed
rapidly under favorable
conditions, with the high degree
of
mechanization
Corn
on
Belt
farms, but whether the late start
can be overcome will
depend up¬
on
an
early change to favorable
growing
weather
and
another
In the South and South¬
late fall.
west,
unplanted acreage in¬
may be diverted
to other crops.
The June 1 con¬
some
tended for
dition
corn
of
Middle
the
growing
Atlantic
and
crop in
Southern
States was
generally lower than
last year, except in the six South¬
States from South Carolina to
ern
Louisiana, and lower
in
practically
all
than in 1943
of
these
18
States.
Wheat
-
The indicated production of all
wheat, at 1,084,652,000 bushels,
would be the largest
crop on rec¬
ord.
If realized it would
top last
record crop slightly, and
year's
would be the third
crop of over a
billion bushels in U. S. wheat
production history, the first hav¬
ing occurred in
1915.
indi¬
The
cated
winter wheat production of
797,255,000 bushels is the second
largest,
only
having
by the
been
record
exceeded
of 825
crop
million bushels in 1931.
forecast
of
spring
duction
is
287,397,000
The first
wheat
pro¬
bushels.
Under generally favorably moist¬
ure
conditions,
better
are
yield
prospects
than
average, but the
acreage is smaller than either last
year or average.
Winter wheat deteriorated
ma¬
terially during May in the south¬
Great Plains States of Texas,
ern
Oklahoma,
Kansas.
New-
The
and
-Mexico,
critical
moisture
shortage in New Mexico and the
main wheat districts of Texas
and
Oklahoma
and
caused
for
.
reduced
additional
It is too
near
serious
yields
abandonment.
harvest in this area
future- rains
benefit.
Since
to
be
of
much
May 1, there was
deterioration
in
western
Kansas, particularly of volunteer
and,, continuous cropped wheat.
spots
in
moisture is
the
winter
deficient
wheat
in
sec¬
tions of South
Dakota, which have'
dry -since' last fall.
Soil
moisture conditions were allevi¬
been
ated
in
other
Nebraska, Wyoming and
Northern
good rains
in
Plains
areas
by
late
May.
Recent
have
greatly
improved
wheat in the Pacific Northwest.
Supplies of irrigation water are
plentiful throughout the
West,
rains
-
and
the
wheat
outlook
for
irrigated
is good.
In contrast, too
much
rain
jhave been
.was
^
Dakota'«'.,and
wasnlwh«<>
in fo?4
situation exists 4-4'
fasteP. Nebraska, with let thw
two-thirds of the
A
Subsoil
Com
Planting of corn has been de¬
layed over much of the
country,
Uiinj.
MimZTT
tively favorable in
North and South
this
As of June I
development of vegetative growth, which had such
pastures still continue to furnish
good green feed is reflected in the
ical
Agricultural Department General Crop Report
1
j Florida/
Monday, September
and
continued
cold
deterring factor in
eastern Kansas, Missouri and some
a
astern
portion increased
wheat States. Pros¬
soft
or
in the important North Cen¬
States, however, are equal to
eastern area, wet
cold
have
and
Continued
The
soil and
Bank Debits for Months of June and
and the smallest acre¬
age in over 10 years.
condition
on
Rye Stocks
other
and
Farm
factors to June
only partly overcome.
ducing
The
States.
crop
was
in
better-than-average condition on
June 1. Although currently esti¬
% of the 10
rye
hand
on
SUMMARY BY FEDERAL RESERVE DISTRICTS
mated yields, by States, are very
^The
of winter wheat
harvest, as esti¬
mated May 1, is 46,768,000 acres.
On that date the indicated aban¬
donment of 5.7% was, one of the
lowest
on
record. ■?. Additional
acreage losses have occurred since
May
1 in the southern Great
Plains, because of the rapid de¬
acreage
remaining for
stocks
spotted, the indicated yield for
the country as a whole is 21 bush¬
els per planted acre, compared
with 19.9 bushels last year and
the
18.2
(1934-43)
10-year
:
age.
in the
situation
moisture
The
spring wheat States was favorable
at planting time. June 1 condition
indicates
yields
considerably
above average, but not equal to
those of the last four years. Rains
interfered with seeding operations
to some extent locally, and the
extended cool weather retarded
Cailfornia is
the
spring wheat. Some
experienced
in
planting the intended acreage.
difficulty
was
Oklahoma*
California
is
4,477
7,974
2,544
2,291
6,911
7,900
6,865
21,570
98,121
41,725
47,813
83,881
33,563
253,984
104,816
42,629
7,689
126,302
22,866
crop
•New York City
below
the 1944 pro¬
This would exceed
14%, or about 168 mil¬
bushels, and would be 25%
duction by
lion
larger than the 10-year
(1934-43)
average.were
were
and
Texas
* North
South Dakota, and
have
the
retarded
SUMMARY BY FEDERAL RESERVE
it ap¬
>0
'
Dakota,
Montana, and
in the four States of
Idaho, Colorado Utah and Wash¬
ington. Disappearance from farms
since April 1 was about 24^ mil¬
lion bushels.
Since Dec. 1," 1944
about 96 million bushels have dis¬
Central States
North
are
in
average,
most of the Western States are
above
the 10-year average, but
somewhat: below -the yields of
.1944. Throughout the area where
oats
pears
to
years.
the
fall-sown
are
be
.
y
one
of
v
crop
best
the
ap¬
in
.
New varieties of fust and dis¬
ease
resistant
more
popular during the past few
oats
have
become
especially
in the
North
Central States. New varieties are
years,
also
being
Where oats
past
developed
are
for
fall sown.
areas
For the
two
years, almost 100% of
the oats seeded in Wisconsin and
Iowa
were
of the
new
varieties.
In the other
erage.
.
New
are
expected
declines
per acre,
V2
of from
while Nebraska expects
change from the May 1 fore¬
cast.
None of the States in the
East
Central area
indicated any
change from last month. Drought
conditions in parts of Texas and
New Mexico resulted in a sharp
while in Mis¬
had the
reduction in yields,
souri
excessive
rains
duction
report
1 bushel
no
nois.
State, the pro¬
to
same
effect. The season as a whole
the relatively low
is
due
for rye, and
indicated pro¬
primarily to
the
1945
3,483
3,254
11,986
36.102
30,780
117,371
3,393
3,183
11,475
4,836
4,879
2,725
2,578
10,721
,
1
94,221
10,073
f
16,058
Richmond
14,913
8,934
8,110
2,478
2,448
8,029
7,559
10.776
Atlanta
11,482
36,182
34,455
6,706
4,044
-
Chicago
2,118
2,021
7,045
Minneapolis
Kansas City
1,420
1,318
4,601
2,651
2,191
2,518
2,051
8,216
Dallas
Louis
St.
224,049
79,163
72,909
258,911
28,474
108,993
38,286
37,588
126,645
116,266
7,287
•140 other centers
6,847
23,273
(.21,038
193 other centers
•Included In the national series
New
6,349
22,006
19.506
33,590
Total, 334 centers
•New York City
early
7.393
"
7,008
6,397
6,990
San Francisco
reduced yields
plantings in Louisiana
but
1944
Cleveland
Blight
average,
York
covering 141 centers, available
86,745
beginning in 1919.
Capital Issues In Great Britain
>
compiled by the Midland
Bank Limited.
These compilations of issues of new capital, which
are subject to revision, exclude all borrowings by the British Gov¬
statistics have been
following
The
vendors; allotments arising from the cap¬
undivided profits; sales of already
securities which add nothing to the capital resources of the
ernment; shares issued fo
With the intervention of
of reserve funds and
italization
British
issued
offered; issues for conversion
held in the United Kingdom;
sided and conditions in the Levant
short-dated bills sold in anticipation of long-tetm borrowings;, and
appear to be returning to normal,
loans of municipal and county authorities which are not specifically
according to an Associated Press
limited. In all cases the figures are based upon the prices of issue*
report
from
Damascus,
Syria,
troops the conflict between France
and Syria and- Lebanon has sub¬
company
or
whose securities have been
redemption of securities previously
June 2.
UNITED KINGDOM
CAPITAL ISSUES IN THE
NEW
Meanwhile, it was announced
Olivia-Roget, French
[Compiled by the Midland
Bank, Ltd.]
that General
-Geographical distribution
British
bombing,
shelling and machine-gunning of
officer who directed the
dismissed
been
had
Damascus,
from his command by
British
United
Kingdom
countries
£80,661,000
£97,416,000
1937, 1st half
2nd half
£15,633,000
British Ninth Army forces con¬
throughout Syria.
Though com¬
continue bad, it was
munications
believed
Hama
reported as badly or worse
damaged than Damascus, particu¬
larly from shelling, with casual¬
ties believed high.
was
half
57,145,000
39,906,000
9,149,000
3,068,000
1,028,000
2,716,000
1st half
1,280,000
1,031,000
2nd half
1,046,000
896,000
2nd half
1940
'
1941
'
the British had entered
Horns, Hama and Aleppo.
56,139,000
36,607,000
1st
1939
trouble spots
tinued to take over
44,046,000
half
1st
countries
v
£1,122,000
6,078,000
2,996,000
1,071,000
9,305,000
14,916,000
6,368,000
17,018,000
1,295,000
157,000
200,000
249,000
150,000
58,107,000
74,051,000
2nd half
1938
73,490,000
1st half
2nd half
re¬
quest.
Foreign
overseas
Total
3,429,000
828,000
660,000
half
660,000
2nd half
3,247,000
3,211.000
3,731,000
2,503,000
.
—
1—
-
588,000
1st half
2,277,000
2nd half
1944
5,299,000
4,539,000
6,934,000
5.271.000
639,000
240,000
57,000
128,000
269,000
642,000
1945, 1st half
4,555,000
4,852,000
-
4
'
2,149,000
221,000
4,425,000
195,000
36.000
1943, 1st half
2nd half
1942, 1st
^
491,000
1,021,000
—
At
President
Beirut, Lebanon,
al-Kuwatly of
Syria
Shukri
that the
longer
tolerate
the
presence
of
any
Frenchmen, the United Press re¬
formed British authorities
States
Levant
.would
p-lr-r
in¬
no
Cotton Ginned From 1945 Crop
Prior to Aug.
(|
the indi¬
vidual returns of the ginners, shows as follows the number of bales
ported from there on June 2, add¬
of cotton ginned from the growth of 1945 prior to Aug. 16, 1945 mid
ing that armed Arabs under Emir
comparative statistics to the corresponding date in 1944 and 1943<j
The Census
report issued on Aug.
RUNNING
to
South Dakota and Kansas
had been favorable
same
area,
July
1944
Philadelphia
el Shaalan attempted an attack on
be well
Circassian troops under French
above average but less than re¬
ported last month. The major pro¬ command in the Kuneitra region
ducing States of North Dakota, along the Syria-Palestine frontier
yields
large oats producing
states, the-percent of improved
varieties planted in 1944 from
15% in Nebraska to 42% in Illi¬
In the
Central
In the West North
July
1945
Boston
Returning to Normal
nearly 14%
forecast
at
28,123,000
bushels,
with the excep¬ compared with last year's very
tion of Illinois, where there was
short crop of only 25,872,000 bush¬
considerable damage • by floods els. If
present prospects material¬
and
heavy rains,
and Kansas ize, this year's production would
Where seeding was late because
be about one-third less than the
of wet land. Yields in the North
10-year (1934-43) average of 41,Central area are also higher than
434,000 bushels, and the fifth low¬
in 1944, except for North Dakota,
est production since 1900.
Con¬
South Dakota,
and Wisconsin. ditions declined during May, but
Much the same situation prevails
the indicated yield of 12.5 bushels
in the South Atlantic and South
per harvested acre is still above
Central States. Prospective yields
both last year and the 10-year av¬
about
July
July
below
idr
■3 Months Ended—
Conditions in Levant
million
DISTRICTS
of dollars)
(In millions
-
in the
System issued
debits," which we
Aug. 16 its usual monthly summary of "bank
Federal Reserve District-
late
much
growth
of the crop to some extent. The
present moisture condition is fa¬
vorable, and as a result the crop
appeared, compared with about
is expected to overcome this dif¬
120 million bushels in the corre¬
ficulty. In spite of delayed seed¬
sponding period a year ago.
ing in some areas, yields per
seeded acre are expected to be
Rye
above average.
Indicated yields
Production of rye on June 1 is
shine
20,669
give below:
that of June
under very favorable con¬
ditions, and excellent yields were
farms in the four States
on
Minnesota,
217,859
83,568
113,622
centers, available beginning In 1919«
The Board of Governors of the Federal Reserve
on
grown
bushels, or about 18% of the 1943
total
production.
Slightly over
60% of the current June 1 stocks
of
planted under gen¬
erally favorable conditions, both
last fall and this spring. However,
cold weather and lack of sun¬
Oats
59
8,583
other centers-—
193
Harvest of the early potato crop
equivalent to about 22% of
the 1944 crop, remained on farms
June-1,1945. On June 1 last year,
were
centers
•Included in the national series covering 141
group.
Stocks
farms
other
*140
since 1938.
on
'
■
ley,
stocks
Francisco
Total, 334 centers
Over 62 million bushels of bar¬
•
City
1944 and also lower than av¬
erage.
Above-average condition
is reported for other States in this
dry
from
few States,
Barley
exceeded in the
past 20 years only by that of 1942
is in prospect this year.
Produc¬
tion of
1,334,376,000 bushels of
oats is estimated as of June
1.
oat
'33,183
6,615
w 4,005
; 7,048
6,264
f 19,196
7,001
1,503
1,
Oats
An
2,564
7,902
8,030
36,532
2,632
plantings
in
most
commercial
pears that farmers were able to
areas produced average or aboveplant their intended acreage of
average yields. In Oklahoma and
barley, and in some States inten¬
tions were exceeded.
Therefore, Arkansas, weather has been ex¬
tremely unfavorable this spring,
it is very probable that the full
stands are poor and an abnormal¬
intended acreage will be realized.
ly low condition is indicated for
Even so, this acreage is 14% be¬
these States.
low last • year and the lowest for
any year
2,707
12,490
and
June
last
Arkansas,
of
of
growth
*7,399
2,913
5
2,375
10-year (1934-43) average of
74%. The condition reported for
barley came
sown
a
>14,577
1,726
low
unusually
68%
of
condition
in most areas.
but
i19,874
16,021
8,774
2,920
the
produced.
all
11,378
3,051
13,775
placed at 76%, com¬
through the winter in good shape
In
3,857
5,511
3,406
Louis
early pota¬
pared -with
very
are
suffering
Fall
4,524
Dallas
June 1 condition of
In the northern
prospects
is
weather.
10,763;
91,034
Kansas
St.
1944
r
,
1
Minneapolis
South
in the commercial areas of South
Kansas, Okla¬ good in California and Colorado,
and promising in such heavy pro¬ Carolina, south Georgia, Florida,
homa, Texas and
New Mexico.
ducing States, as South Dakota, Alabama, Mississippi^ and Louisi¬
The loss there more than offset
ana is about completed.
The com¬
the improvement in yield pros¬ Nebraska, Kansas, and Montana.
The Texas crop, raised primarily mercial crop in South Carolina,
pects in the Mountain, Pacific
in the northwestern part of the south Georgia and Alabama was
Northwest and some North Cen¬
State,
1945
6,092
1
Atlana
toes in the 10 Southern States and
though delayed by wet weather.
Subsequent low temperatures and
heavy rains retarded growth, but
stands are good. Despite the early
tral States.
113,284
Chicago
occurred in
that
36,338
Richmond
three
the
44,954
Cleveland
San
Plains, where most of the crop is
spring sown, planting was done
under rather favorable conditions,
handicaps,
in
12,031
Philadelphia
North
Dakota,
4,261
Early Potatoes
southwest States.
wheat.
winter wheat
yield per acre of 17 bushels, while
above average, is nearly 2 bushels
under last year and represents a
decline of nearly a bushel per
acre since May 1.
This decline is
due largely to the deterioration
total
North
4,085
York
New
aver¬
shows a wide range of
development. A small acreage re¬
mains to be planted in high alti¬
tudes of Oregon, while harvest is
under way in some southern and
indicated
of
the
in
are
1944
'
Dakota and Nebraska.
The crop
terioration of
the
of
States
rye
iJune
June
June
1945
Boston
Central area, with more than one-
half
of
-3 Months EndedJune
Federal Reserve District—
of the farm
80%
J
(In millions of dollars)
June 1
year average
Almost
stocks.
I
July 11 its usual monthly summary of "bank debits" which we
estimated at 4,112,000
are
July
Rieserve System issued
give below:
bushels, the lowest for the date
since 1935. This is only about %
of the 6,383,000 bushels on farms
on June 1 last year, and less than
weather conditions in many pro¬
Some damage resulted from leaf
?ust in the southern plains, par¬
ticular^ in north central Okla¬
homa
and to a less degree in
south central Kansas. But with
such local exceptions, rust and
insect damage has been very lim-
of
stocks
June 1
1, /it is estimated
at 257,788,000 bushels, 9% below
1944 production. Despite adverse
"
The Board of Governors of the Federal
on
prospective
1945
barley
the smallest since 1938.
Based
delayed
ciency, indicated by poor color,
The
is
crop
Progress, and the nitrogen defi¬
been
*
Barley
midwestern
entire
the
In
small acreage. The 2,246,000 acres
for harvest is slightly less than
that the range
so
in 1945.
last year,
than a month
slightly better
30 to 69%
was
pects
tral
121$
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
British military forces in¬
today.
tervened immediately.
It
was
be¬
(Counting round as half
1945
States
did
not
that the British had been
know
ordered
!»oreia
1
The
wanted
the
Syrians
nd
French
could
; y
1943
and
further
and
5,654
5,™i
2,281
154,758
.
no
power
present terms that would
win France further concessions
the Levant.
the crops of
in
284,191
,.11,088
StatesI"-!!-
Lebanese
contact with
that
Another
*351,930
1U95
28,336
14,940
*164,557
536
489
928
the fighting in Syria.
•Includes 132,737 bales of the crop of 1945 ginned prior to
Levantine press insisted counted in the supply for the season of 1944-45, compared with 48,182
the
that
-232,937
llnters)
1944
—217',831
—
Louisiana
bales of
to halt
-
Alabama
Lxeorgia
Arabs
the
lieved
BALES
bales and excluding
qt-te
United
23, compiled from
The statistics
for 1944
1944 and 1943.
in this report
The statistics
checked against the
mitted by mail.
include no round bales
1943.
for 1945 in this report are
and none for
and .107,053
for 1945; none
•
,
subject to revision when
individual returns of the ginners being trans¬
A
-
>,
.
l/v'1
1
$
total, according to the monthly acceptance survey issued June 14 by
the Federal Reserve Bank of New York. As compared with a year
the May 31 total represents a loss of $8,783,000.
In the month-to-month comparison, domestic warehouse credits,
domestic shipments, exports, imports and those based on goods stored
.A
ago,
■it
f:,V:
•ivr;
in
•i
shipped between foreign countries were lower and dollar ex¬
or
while in the yearly analysis all the items except
imports and domestic shipments were lower in May, 1945 than a
change was higher,
Y-
year ago. <
The Reserve Bank's
i
K-
BY
.
STATES
ACCEPTANCES OUTSTANDING—UNITED
FEDERAL RESERVE DISTRICTS
DOLLAR
BANKERS
,
♦-
report follow:
MONTHLY ACCEPTANCE SURVEY
.'
!
"
May 31, '44
$18,586,000
A
2
5.826,000
388,000
Richmond
6 Atlanta.,
——v
894,000
1,047,000
Chicago-
—.—
.
8,000
9 Minneapolis-^—~
10 Kansas Clty——*—
11 Dallas
•—:
12 San Francisco
.}*■•:;
'J:-'
j;
567,000
22,000
■;r
:"i85!ooo
48,000
:
56~4~66o i
,
278,000
9,161,000
10,953,000
10,307,000
$
A'
Decrease for month.—
.$12,469,000
•
uct.
TO
May 31, '45
$71,549,000
April 30, '45
May 31. *44
$81,020,000
$70,893,000
9,792,000
11,583,000
—
11,761,000
—
Domestic shipments...
;
Domestic warehouse credits.
10,508,000
V
e ■
•t
-
;V
17,728,000
12,039,000
-
149,000
216,000
2,064,000
3,902,000
•;
'•
countries—-
'
BILLS HELD BY ACCEPTING BANKS
.
'
$50,541,000
Bills of others—-$31,727,000
Total—$82,268,000
' V
Decrease for month
$8,186,000
Own bills
-
:
-
10,060.000
203,000
goods stored in or shipped
on
between foreign
(
10,340,000
1
1,809,000
Dollar exchange—.
Based
CREDIT
8,704,000
Imports
Exports—-
OF
;
—
been due to
creased
volume,
which,
to
bert L.
Muench, who
retary
of the New York State
Association.
The Svs
'
•
1-
60...
i
•
Ya-
.
than ' compensated
for
s
.the
in¬
in some costs.
we
90•Ya
.
:
120
"After
f-; 180
1
Hi*-'
%
Ya
%
The following
table, compiled by us, furnishes a record of the
volume of bankers' acceptances outstanding at the close of each
month since February, 1942:
1.943—
t,
1942—
June 30_„.
162,849.000
July
31—
156,302,000
Aug.
139,304,000
Bept.
31.—
30—
123.494.000
31—
118,581,000.
Noy.
■4
173,900,000
Pot.
3:
29_—
1940 level of production, be¬
tween 15 and 19 million people
would be out of work.
effect, would
mean
This, in
breakdown
a
entire economic system.
our
J0_—
Dec.
July
31
110,250,000
July
Aug.
31
130.244,000
; Aug.
Sept. 30
Oct.
'• ■
recon¬
Jan.
30—— ***S*m.
Feb.
27—
Mar. 3!
•
r-mm**'.
******
30-__.
May -23^L
31
31
-
Sept. 30
Oct.
31
114,953,000
Nov.
30-——
115.336.000
116,814,000
DeC;
30
128,944,000
—
111,101,000
"r"
Jan.
119,682,000
127.062;000
129,818,000
128,350,000
135,815,000
Feb.
'""
31-—
-
120,497,000
29-—-
134,772,000
Feb.
serves
against
129,358,000
125,566^000
Apr.
30
113,139,000-
May
31
Apr. 29-—
May 31—
31\
costs
will
.
•
-
---
business
116,825,000
104,356,000
IfoWies of OPA Reports Study of Corporations
established, unit
further lowered
by
productivity,
lower
selling costs, and tech¬
nological improvements developed
by
127,512,000
be
increased
the
labor
ingenuity
"Full
Chester
Bowles, Administrator of the Office of Price Adminis¬
on June 4 a study of financial statements of
1,120
leading American corporations indicating that profits both before and
after taxes in the first six months of
tinued
far
above
1944, with few exceptions, con¬
"These new figures, grouped
being released," Mr; Bowles said, "because
peacetime
industry by industry,
are
levels.
they refute so emphatically state-^
ments by some critics of price con¬ trolled industries have risen with¬
trol
that
.OPA
policies
have out interruption. This continuing
worked
general financial hard¬ uptrend in the profits of industries
ships on business." He went on to under price control results from
the steady, increase in their vol¬
say:
^
"This study shows that average ume of production during a period
profits,
industry
by
industry, when the output of strictly war
.
range
from
earnings,
by
bare
a
handful only slightly in excess of
industries'
pre-war
profits
to
:&
»*
•t
V
earnings 10 to 12 times what
realized
the
•
was
by the industries before
war.
; /
fields,
Department
merce
studies show
taxes
in
times
greater
1939.
"Some critics
of price control,
agreeing
that
corporate
profits have increased, state that
while
small business firms have suffered.
On the contrary, according to the
"For corporations of all sizes in
all
industries has tended to level off.
1943
of
Com¬
profits before
about
3V2
were
than
in
pre-war
Even after the payment of
Department of Commerce* profits
of unincorporated manufacturing,
wholesale, retail, and service busi¬
almost
nesses
1939 and
1944.
accounted for
than double earnings
after taxes in 1939.
tion
"In
more
1944,
continued to
ord-breaking
profits
before taxes
rise above the rec¬
1943
level.
And
earnings after taxes iiF-1944 were
about the same as in 1943, despite
the increased tax rates.
"In. the
first
quarter
of
1945,
corporate profits in general, both
and
after
taxes,
were
before
slightly below the corresponding
quarter last year, but profits of
most
price-controlled industries
continued
to
rise.. Even
after
taxes,
profits in most price-con¬
between
In addition,
inde¬
pendents in all retail trade fields
high wartime taxes, 1943 earnings
were
doubled
of
as
total
large
sales in
a
propor¬
1814
as
in
1939.
In other words, they held
their own over this period.
"There
of
few
companies still operating in the
red.
And other companies whose
general position is profitable are
are,
course,
losing
money on some
when
we
we
must
little
hear
about
a
items.? But
these
cases
weight them against the
known
fact
that, based on
reports to the Bureau of Internal
Revenue,
■'
in
pre-war
1936-39
American
*
men.
income, and
;*-v
?
good
and
still stood for the coutinuation of
the
W
war.
*
*
"The demand of the three pow¬
all
"""* '\.
basis.
V
■'
"Taking into consideration the
refusal of Japan to capitulate, the
Allies
submitted
the
to
Soviet
proposal to join the
against Japanese aggression
war
a
thus
and
shorten
the duration of
Allied Powers of July 26.
"The
Soviet
people from further sac¬
rifice and suffering and give the*
Japanese people the possibility of
avoiding the dangers and destruc¬
tion -suffered by Germany after
refusal
,:
the
ity,
we
to
capitulate
high profitabil¬
must continue to sit firmly
the inflationary lid until
pro¬
duction can be stepped up to meet
the demands of business and con¬
v.v;:'
"v.'
uncon¬
''V
"
"■?
"In view of the above, the Soviet
tomorrow,
is to operate on a
con¬
free the
her
declares
Government
that
from'
that is < from Aug. 9;
-
Soviet Government will
sider
itself
be "at
to
war
con¬
with
.
Japan."
on
sumers.
Price controls and rent
controls,
as
we
have
emphasized,
will be eliminated just
rapidly
supply and- demand come into
as
as
Gold Mining Ban Lifted
Announcement that the resump?
tion of gold mining would be per-:
mitted July 1, was made by the
War
16,
real balance."
Production
according
Press
:
reconversion plan of Mo¬
bilization Director Fred M. Vin¬
in for sharp criticism
part of Ted F. Silvey,
Chairman of the
Reconversion
came
the
of
the
Congress
of
Organizations, who is
reported by the Associated Press
from Washington, May 12, to have
said
of it:
"In the fortunate event that
our
armed forces achieve an
early end
of the war in the
Pacific, we
would be caught short in our do¬
mestic
Office
economic
situation.
The
(of War Mobilization and
Reconversion) should have
a
flex¬
ible and comprehensive
program
to meet any and all eventualities.
"The Vinson document mirrors
only the
of the
war
over-all
war
narrow
interests of each
agencies without the
perspective
which
mobilization ? and
sion^ act
requires
the
reconver¬
that
Director
Vinson take in the interests of the
The sales of
whole nation."
t;
;
y
V
day
from
v
,•
Secretary
25
Al
Seel
is also
tern,, founded in 1939,
provides
fixed savings plan
retirement
at 65. and death and.
a
pav
disability
benefits for 1,350 officers and
em¬
ployees of 96 member banks
in
New York, Connecticut and
Penn-
sylvania.
$810,000 a
in
1943.
Its
resources
year
and
ago
were
$634,500
The
System's member¬
ship includes many .small bank¬
ing institutions which because of
their
size
could
not
have qualified for
a
otherwise
pension plan.
The smallest member has two
em¬
ployees and the largest has 100*
the average for the entire
Systeni
is 15,
,: ..
.
_
Under the
tribute either 3%
salaries
to
.
.
plan employees
the
4%
or
con¬
of their
retirement
trust
depending upon the extent of
their participation, while the em¬
.
ploying
5%
of
banks
total
contribute
payrolls
around
each
year.
on
pen¬
Employees retire at 65
a
sion based upon the actual
value
of
their contributions.
A
par¬
ticipant
now
average
annual income of
30
old,
years
with
$3,000,
for
example, would retire on a
monthly pension of $134.
The
System also pays allowances for
disability and aMeath benefit
resenting half of the
rep¬
pay earned
by the participant in the year be¬
his death. ? When a* worker
fore
a participat¬
ing bank his contributions are re¬
funded
along -with the interest
during the period of his
participation. ;
earned
Officers of the Retirement Sys¬
tem
Chairman
are:
Joseph
E.
Hughes,
President,
Washington
Irving Trust Co., Port Chester;
Vice-Chairman, David C. Warner,
President Endicott Trust Co., Endicott; Treasurer, Adrian M. Massie,
Vice-President, New York
Trust Co., New York City;
Assist¬
ant Treasurer, Harold J. Marshall,
Assistant Vice-President, Bankers
Trust Co., New York City; Secre¬
tary, Albert L. Muench, 33 Liberty
Street, New York City; Assistant
Secretary, F, J. Oehmichen, 33
Liberty Street,. New York City;
Counsel, Leo P. Dorsey, Dorsey &
Adams, New York City, and Ac¬
tuary, George B. Buck, New York
City.
Trustees, each representing one
eight geographic groups of
of the
shut down since Oct. 8,1942, when
WPB issued its famed "Order.L-
Vreeland,
reopening of
gold operations which have been
The
Committee
Industrial
Associated
an
that
System's
June
un
Bankers
action would permit
Reconversion Plan
son
to
on
June
on
Washington, which added that this
CIO Criticizes Vinson
on
report
Board
participating/banks
from the
leaves the payroll of
Government
siders that this policy is the only
means able to bring peace nearer,
ican
business
accepted
Allies and has
declaration of the
joined in the
profits cannot be built on the
quicksands of inflation. If Amer*
war
nearly 60% of all corporations—
large and small—were in the red.
companies operating
the proposal of the
high ditionally^-:;;'';
a
generous post¬
continued basis of
tration released
of
employment
at
full production,
wages,
farm
—
recon¬
expense
126,269,000
31
Jan."
estimated
an
000,000,000.
129,743,000
28
Mar
.Mar. 31
-
1945—
•
y-
be under heavy the war, reduce the number of
The expenses of recon¬ victims and facilitate the speedy
version, however, are more than restoration of universal peace.
provided for by an increase of
"Loyal to its Allied duty, the
$20,000,000,000 of corporate re¬ Soviet Government has
duction is again
121.289 000
1944—
•
course,
of
businesses
some
109,632,000
111,675,000
117,016,000
Dec. .31——
•
period,
138,692.000
$
June 30
114.883,000
—
30,
-Nov, 30-.-.
31—•---* 118,039,000
1943—
Apr.
139,846,000
>
110,067,000
*******
30
defeat
the
Government
of roughly $5,Once reconversion is
complete and a high level of pro¬
1944—
$
Tune
Y:••;
full
our
version
.
May
that
on
following
pressure.
a
A
■
■
—
—
the
of
ers,
the
United
States,
Great
employment in
Britain and China, on July 26 for
? the reconversion and post-war
the unconditional surrender of the
years, this high level of volume
Japanese armed forces was re¬
must continue.
Startling proof of
jected by Japan, and thus the pro¬
this fact lies in the study by the
posal of the Japanese Government
Department of Commerce, which to the Soviet Union on
mediation,
indicates that if. we achieve only
in the war in the Far East loses
and
will,
fl
A
—
150
Press from there
statement:■/.
achieve full pro¬
to
are
version
A
•
.
consisted
date,
'
••
went
people—the announcement of the
entry into the Pacific War of the
capitu¬
lation of Hitlerite Germany, Japan
the
became the only great power that
in
"During the immediate
.
Bankers'Retirement
Japan
on
Before Japan
large extent to in¬
a
great mapjority of cases, has more
of
CURRENT. MARKET RATES ON. PRIME BANKERS ACCEPTANCES JUNE 14, 1945
Days
'
Dealers'Buying Rates
Dealers'Selling Rates
:
30
*"•
Va~~
r.
"
Of War
sociated
-
profits of American business have
"If
$8,783,000
Decrease for year—
NATURE
-
•
"The greatly increased wartime
duction
ACCORDING
More Members In NY
industry-wide earnings go below
Russia's
declaration
of
war
the average of 1936-39. Our pric¬ 1
ing policies on individual products briefly referred to in our Aug. 9
in multiple-line industries pro¬ issue, page 622, was handed to.the
vide for price adjustments where Japanese Ambassador at Moscow
necessary tu prevent out-of-pocket | by Foreign Commissar Molotov .on
loss to the industry on the prod¬ Aug. 8 and, according to the As¬
$113,139,000
$116,825,000
$104,356,000
Russia's Declaration
Soviet Union.
dustry by providing that price in¬
creases will ordinarily be made if
creases
>4-
Grand Total-
show that
10, ig4s
A 43% increase in membershin
had had time to ;
even
partially recover from the during 1945 has made the New
York State
even
after, the
Bankers
payment of all staggering ' impact of - the first
Retirement
taxes, has been more more pros¬ atomic bomb the- world had ever System;;the largest
self-adminh
tered pension trust in
perous than during any other pe¬ known, dropped on her industrial
the com
riod in our history.
city of Hiroshima, came another mercial banking field with thl
resources in excess of
blow just as direful in its impli¬
"OPA
pricing policies put a
$1,175 000
floor under the earnings of an in¬ cations of disaster for the Japanese according to a report which
2,467,000
3,752,000
721,000
'
490,000
t St. Louis
J
3,023,000
2,707,000
"
2,484,000
>
during the period of wartime
price control, American business,
1,822.000
2,865,000
.
-
7
A
349,000
1,087,000
Cleveland*.-.
6
,
69,390,000
8,919,000
Philadelphia—
4
«?■
68,870,000
7.805,000
Yorfcj_.
New
3
£•
ji
$18,960,000
60,151,000
,/V
'■>v
April 30, '45
$19,624,000
May 31, '45
Federal Reserve District—
of the total volume
"All available figures
decrease of $12,469,000, from the April 30
amounted to $104,356,000, a
'M
least 25%
of sales in that period.
outstanding on May 31
The volume of bankers' dollar acceptance
a
at
OnlstaMding on
v ; Bar3l$104^56,000
J
loss in 1936-39 accounted for
at
Bankers' Dollar Acceptances
■>b
*
Monday, September
CHRONICLE
THE COMMERCIAL & FINANCIAL
1216
I
the
Association, are:
President,
Trust Co., Salamanca;
Edward P.
Salamanca
Schuyler L.
machinery and Baum, President, First National
supplies for the more urgently/ Bank, Waterloo; David C. War¬
needed war metals, lead, zinc and ner,
President, Endicott Trust Co.,
208"
to
conserve
copper.
The
......
Endicott;
gold
order was being re¬
voked, WPB said, but the action
would provide gold mines with no
priority to obtain either man¬
power or new
equipment.
Bank, Oneida; James E.
Voorh'ees,
Bank,
President, Farmers National
Amsterdam;
The final decision, it was
known,
came from Director Fred M. Vin¬
Fearon,
H.
Robert
President, Oneida Valley Nations 1
President,
New
Ernest
First
Arthur
Rochelle;
Watson,
H.
National
T.
Bank,
Roth,
of the Office of War Mobolization and
Executive Vice-President,
Frank¬
had
lin Square
National Bank,
Frank¬
son
the
Reconversion/who had
release under study for
the last week after WPB had made
up
its mind to go ahead.
Many WPB
officials
materials
and
op¬
equipment
which could be put to better war
use in the
mining of other metals.
Pressure from the Congressional
delegations of mining States has
been strong,
however, and recent
Canadian action relaxing goldmining restrictions in the Domin¬
ion
added
ments.
v'5,,
force
to
their
Square,
shall,
have
posed the reopening on grounds
that the mines would use man¬
power,
lin
argu¬
-;Vf; v.';';
v'
Vice-President,
New York
Co.,
Trust
-
are
chosen
froin
large.
They
are-
Three trustees
the
Harold J. Mar¬
Assistant
Bankers
City.,
and
State
Joseph
at
E.
President,
Trust Co., Polt
Hughes,
Washington Irving
Humphrey,
Trust Co.*
Saratoga Springs, and Adrian • •
Massie, Vice-President, New York
Chester;
Joseph
B.
Treasurer, Adirondack
Trust Co.,
New-York City.,
sion
President's Visit With King George Following
Potsdam Conference—His Return to Washington
items on President Truman's participation in the
Pis? Three Conference at Potsdam (Berlin) have appeared in these
rnlumns, and his report to Congress in the matter on Aug. 9 was
riven in our Aug. 16 issue (page 761), it is of interest to record here
that after a brief visit with Britain's King George VI at Plymouth,
Lhprp the King made a special trip from London for the purpose,
While various
Truman started his*
homeward voyage from the Big Fleischmann
Three" Potsdam conference on the
miiser
"Augusta."' ; Reporting
Savs. Assn.
3, the Asso¬
Aug.
revealed
there, on
ciated Press
President had
that the
stated emphatically
At
the
Head of
League
annual
meeting of the
League of Savings
Metropolitan
tide
to
or
them
over
a
de¬
pression, while large co-operative
competitors could keep most of
their earnings tax free.
Regarding special services, it
was emphasized that what is most
needed by small business is tech¬
President
from
information
nical
and
data
re¬
train trip.
"deeply shocked" he was at the
growing evidence of tax viola¬
tions and black markets.
"His
Aug. 3, ac¬
cording to the Associated Press,
disclosed that the American and
British
high commands at the
Potsdam conference had planned
board the Augusta on
blows to bring
about the early and decisive de¬
feat of Japan.
The Associated
powerful
new
announcement as
Press quoted the
stating:
;
vU*j;.:i
American and
staff
of
held
to
meetings
daily
perfect details of the coordination
of British and American forces in
accomplishing total defeat of the
Japanese
military
and
naval
the unconditional
forces and
of
render
possible
sur¬
Japan at the earliest
date
and
to
liberate
Japanese-occupied territory.
can
allocation
in
the
of
and
areas
Southwest
Southeast Asia
the
volume
of home
purchase loans to veterans under
the provisions of the G.I. law,
now
that the procedure is gen¬
erally understood by lending in¬
stitutions. He stated that a survey
savings associations in
New York
City and in Nassau,
Suffolk and Westchester Counties,
revealed
that
these institutions
the
95
approximately $2,000,000 of
completed or in pro¬
have
such
loans
the average loan amounting
$5,625. He said that most G.I.
loans made by savings associations
are
under the provisions of the
law which make the credit avail¬
cess,
to
at
interest
4%
unpaid
on
monthly balances.
Small Business Wants
discussion of
a
in
be
advantageously used.
was
the past year.
predicted an early
during
of their naval,
land and air forces which
"There
increase
able
"The British will bring to bear
against Japan all
Dayton
of
the Berlin conference
British chiefs
"During
the
area
Mr.
re¬
command
Pacific
and
Tax Laws Revised
A survey made by the deans of
given to the employ¬ 52 State university schools of busi¬
ment in the war against Japan of ness among 10,000 executives of
eration
areas,
and consid¬
was
forces of other Allied nations that
are
at war with
posals of the
staff
Japan. iThe
pro¬
chiefs
combined
of
approved by the Presi¬
were
dent and the Prime Minister."
[An identical statement
sued at
was
is¬
London, to which Prime
Minister
Attlee
Russia did
not
has
returned.
participate in the
changed
taxation of
a
on
the homeward jour¬
in
advisers
with
board, including Secretary of
state
•
conference
James F. Byrnes and Samuel
^osenman, his special adviser,
and
Admiral
^
is
William
D.
Leahy.
said,. according to the
Press, that Mr. Tru¬
Associated
man
went
erence
into the Potsdam
with
a
series
of
con-
pro¬
posals for which he
sought British
Among
ese, establishment of a Council
roreign Ministers to write a
nci
Kussian
peace
for
acceptance.
Europe
a
primary
some
talk that
was
corporation dividends
building reserves
the part
and
provision
made in labor policy for allowing
rewards to competent and indus¬
to a
Urbana-Champaign, 111.,
in the New York
"Times," on July 24.
The
National
Conference of
State University Schools of Busi¬
ness
gathered these voluntary
opinions through personal letters.
They were analyzed at the Uni¬
versity of Illinois and summar¬
ized by the national conference
president, Prof. H. T. Scovill,
Acting Dean, University of Illinois
employees, according
statement
Jhe. President spent consider¬
time of
tax
double
Government,
trious
able
remove
"hands off" policy on
of
at war with
ney
to
for
allow
announcement, since Russia is not
Japan.]
that
business wants income
laws
and
indicates
businesses
small
small
from
Business
"Times"
reported,
said that while the
smaller business man realized the
necessity of wartime controls, and
College of Commerce and
Administration, who the
willing to re¬
from other sources,
he resented the implication that
oesigned to deal
quickly with pohe
needs special aid from the
elimiMPJ°y_erns as they anise, may Government other than the oppor¬
minate the
objective.
e
There is
work of this
Council, which is
that
ceive
:
,
the
Ratify United Nations
Charter NAM Urges
The
to
new
United
he should be
advice
building up reserves, and an even
break by the same taxation of co¬
informal
alone'
their
Cn Govt.
In
to
moves,
has ordered
man
policy to work out
employes;
or
handling
Ministers
neat
the
United
States,
Britain, Russia, China and
nance
agnee
of
Big
to
assuming the latter two
join,
as
have invited them
the
Big
to do.
Three
Business
opinions
services
first
men
were
about taxation,
and grievances.
category,
special
In the
business
stressed that they were
set aside
asked for
men
unable to
much for future expan¬
Nations
United
"given
the
Charter"
"Times"
York
July 6.
on
was
of
desire to
wherever
possible, rather than because of
any particular development.
curtail
the
to
Asso¬
States
Delegation at San
public the
letter, Mr. Mosher observed:
Francisco."
indication
of the President's
more
that
of the consultants to the
one
United
Washington
an
study
particular
and
NAM
was privileged to have its
Chairman, Robert Gaylord, serve
The report adds that
directive
the
from
that
ciation
stated
special dispatch to the New
a
the
adopted
V
added
Mosher
Mr.
of
Charter
Francisco."
San
at
Government funds," it was
in
is
Charter)
ratification
Senate
the
agencies
careless
J ' ;
(the
it
start in the direction
National Association of Manufac¬
expenditures
"Of
In making
course
there
may
be some
adjustment necessary in the char-' T
ter as it goe$ along, but we are
for taking it now as a realisticdocument which offers a way to'
avoid in each generation the ex¬
tinguishing of lives, the destruc¬
tion of happiness and the blight
of economic misery that followsworld
a
world
want
We
war.
conditions to make it safe for this
nation's
manufacturing plants to
themselves
to
making
devote
civilian goods instead of weapons
of destruction. If we are to have
better
world, it .must rest o»
production of useful goods
and
upon
the living standards
eral freedom for business to com¬
partments and agencies of the which
they set up.
No people,
pete and grow."
Government read, according to
can achieve its greatest progress
the New York "Times," as fol¬
if its major efforts are directed
lows:
;
-,r> ■:
into the unproductive channels ofc
"Throughout the war period I war and
preparation for war.
have
been
concerned with the
: That is why the National Asso¬
necessity of extreme care in the
ciation of Manufacturers
of government funds, the establishment of an regards
The Bureau of Internal Rev¬ handling
orderly
especially when expenditures are and
stable
-world
relationship
enue is to receive $16,000,000 addi¬
at such unprecedented levels and
tional funds for the new fiscal
among nations as more than an
so many officials are charged with
ideal of our times. It is a practical,
year under a bill which President
disbursements of these funds.
I and stark necessity.
We must
Truman signed on July 5.
And
am certain that you share my sat¬
realize that if we are realists.**
on
July 6 there was every evi¬
isfaction that there has been so
dence,
according to Associated
little evidence of abuse, and that
Press statements from Washing¬
Duncan Quits Comm. Post
you also share my strong desire
ton, that the new Secretary of the
that this good record shall be pre¬
The resignation of Russell G.
Treasury, Fred M. Vinson, would
served.
Duncan,
Deputy $ Director in
wage
forceful warfare on tax
"Therefore, I am asking you Charge of Surplus Sales and Mer¬
evaders.
Not ' only because Mr.
and
the other
Department and chandising,
was
announced re¬
Vinson is known to feel that every
agency heads to express, and un¬
cently by the Department of Com¬
one should carry his just share of
derscore, my determination to in¬ merce.
His resignation
became
the tax burden, but for several
sure the most exacting review of
effective on May 21, at which time
other reasons, it is believed that
expenditures in every instance he planned to return to private
the drive will go on with the per¬
where
there
is
the
slightest business as head of the R. C.¬
sistence with which it was in¬
ground to suspect either misuse Duncan Company of Minneapolis
itiated by Vinson's predecessor,
or
careless handling of govern¬
and St. Paul, Minnesota.
Henry Morgenthau, Jr.
Among
ment funds.
Duncan has served as a dollarthese reasons said the Associated
"Any such instance should be
Press are the facts that:
a-year man for the Government
investigated promptly and, where for
practically four years.
His
"1. President Truman has en¬
appropriate, a vigorous disciplin¬
original assignment included the
dorsed the drive in the strongest
ary action should be invoked.
I expansion of the industrial sup¬
terms.
trust that you will transmit this
plies industry as an
Associate
"2. Congress has approved it by
message to your staff and supple¬
Chief in the Machine Tool Divi¬
quickly providing additional mil¬ ment it with appropriate instruc¬
sion of the Office of Production
lions
of dollars to expand the tions of
your own."
Management. Subsequently as Di¬
Bureau of Internal Revenue.
The
rector of Field Operations for the
Appropriations Committees of the
Airmail to Mexico
War Production Board Redistri¬
House and Senate were hearty in
ttrive
text
The
sent
the1 memorandum
of
by the President to the de¬
Against Tax
a
the
.
Evaders to Proceed
and they are the
strings.
"3. Hundreds of newspaper edi¬
their
torials
commended the
for going after suspect¬
have
Treasury
ed tax cheaters.
"4. The
a
ment issued by
set up the
responsible for
exchange of production materials
eral Frank C. Walker,
between industrial plants.
support,
holders of the purse
tax-evasion drive offers
ready-made opportunity for the
Secretary of the Treasury to
new
get off on the right fbot.
a
new
Cabinet
officer
through
a
Usually
passes
quiet period while he
studies his job
and decides what
Postmaster
calls
Albert
attention
to
Goldman
the
announce¬
Postmaster Gen¬
that effec¬
tive Monday, June 11, the airmail
rate to Mexico was reduced to 8
cents a half ounce from the conti¬
nental
United
States,
Alaska,
Puerto Rico and the Virgin Isl¬
ands. The old rate was 10 cents
a
Postage on
Statts
United
articles mailed in
possessions in the
Division,
bution
he
field organization
In
1943
he
was
appointed
Deputy Regional Director of WPB
in the Minneapolis Region, func¬
tioning in that capacity until the,
field
War
WPB
half ounce.
to make and what sub¬ Pacific, to be carried by transconcentrate on. The new Pacific air service to the United
of the Treasury, how¬ States and thence by air to Mex¬
tunity for a square deal in mat¬
nhree
meetings.
ever, can immediately grab this ico will be the prescribed post¬
ters that affect his relations with
The Council will hold its first
ball and carry it, with the sure
competitors organized on a co¬
age for carriage by air to conti¬
session at London
by Sept. 1. It is operative basis.
The "Times" ac¬ knowledge that exposing big .tax nental United Statts plus the 8
frauds will be popular.
fo be
cents a half ounce rate from the
composed of the Foreign count also stated:
"Mr. Morgenthau's personal in¬
United States to Mexico.
need for future
a
turers urges that the Foreign Re-*
lations Committee recommend to
to
practice economy by making "the
most exacting review"
of their
expenditures "where there is the
slightest ground to suspect either
misuse
Foreign
establishing and maintaining:
world peace, and because
it is
based on
substantial agreement
among the United
Nations, the
Government
all
Senate
of
"as
of his earlier
President Tru¬
and
Departments
reduction
as
quickly as possible of Govern¬
ment reports and orders; and gen¬
trious
Spending
follow-up
a
economy
"3. A labor
wards
of the Appro¬
"Because
definitely
'
:
had
problems.
policy allowing re¬
competent and indus¬
own
the
Committee, in which he
concluded:
Truman Orders Check
Government, but otherwise a
'leave
of
letter to
NAM,
Chairman
priations Committee of Congress."
operatives as of private business.
"2. Technical information from
the
Nations.
of
Relations
This intention has the
blessing
Ira Mosher,
made public
Senator Tom Connally,
President
a
July 13
on
of the Charter of
ratification
the
priation by asking Congress sev^
eral months from now to provide
for funds.
"urged"
the
of
Association
National
Manufacturers
materials, new
methods, improved tool and die 5,000 new employes, mainly office
practice for reducing costs.
New workers.
"Besides these, the bureau has
production recommendations and
foreign market studies are also begun recruiting 5,000 tax investi¬
gators in the field making a total
helpful, it was added.
The
Money
question
of
grievances of 10,000 new employes.
brought numerous instances of for hiring the investigators will
Government action which had up¬ be obtained by a faster spending
set operations or penalized com¬ of the regular $120,000,000 appro¬
The
panies for minor infractions of priation for the bureau.
regulations.
A lack of long-term Treasury expects to make up the
planning
by
Government
was deficiency in its regular appro¬
lating
Savings Association, the
retiring President, reported a net
increase of 16.9% in savings asso¬
ciation resources in the Metropol¬
itan
.
find
will
successor
campaign organized and in full
swing.
With its additional ap¬
propriation the Revenue Bureau
now
has funds for hiring about
Federal
•
statement issued on
An official
how
the. public
told
He
else.
had made "no secret Associations, held at the Hotel
agreements of any kind" during Astor, Leon Fleischmann, Presi¬
his talks with Premier Stalin and dent of the Ninth Federal Savings
Association
of New
York
City, noted, making it difficult for an
Britain's Prime Minister. '
elected
President
for
the individual to determine what re¬
The President arrived at the was
turn he may expect from his in¬
White House on Aug. 7, his spe¬ coming year. Other officers elec¬
ted were:
William H. Bradley, vestment over a period of time.
cial train having arrived at Wash¬
Small business men also urged
ington at 10:50 p. m. from New¬ Secretary of the Yonkers Savings
discontinuance of the vast major¬
Association, 1st Vice President;
port News, Va., where he landed
from the "Augusta."
Associated Andrew S. Roscoe, President of ity of complex questionnaires and
the South Brooklyn Savings Asso¬ forms and coordination of the re¬
Press accounts from Washington
mainder
so
that
business men
ciation, 2nd Vice President; Wal¬
Aug. 7 also reported:,
;; ■
ter Mack, President of the New could get some idea of objectives
Members of the Cabinet were
York Federal Savings Association, desired.
at the White House and the Presi¬
In its advices as to the survey
Treasurer; and Geroge L. Bliss,
dent conferred with them until
President of the Railroad Federal from Urbana-Champaign, the New
about 41:45 p. m. John W. Sny¬
York "Journal of Commerce" said
Savings Association of New York
der, Director of War Mobilization
small business wants:
City, Secretary.
and Reconversion,
boarded the
"1. Income tax laws changed to
Harry
L.
Dayton,
Executive
cruiser when it docked and ac¬
remove
double taxation of cor¬
Vice
President
of
the
Bayside
companied Mr. Truman on the
poration dividends and to allow
he
that
121?
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
separation of the Smaller
Plants
Corporation
from
in 1943, when he became
the Regional
Director for SWPC.
Wash¬
Mr. Duncan returned to
De¬
changes
ington to assist the Treasury
jects to
partment
Secretary
plus
Property
ago.
Through his guidance sales
dignation was an important factor
in getting the drive started.
He
called his enforcement officials in
from all over the country and or¬
dered them to produce results, or
United
Canal Zone and
Central and South American areas
became effective April 1.
Reduced rates from the
States
to
the
of
in setting up
program
the Sur¬
a
year
surplus consumer goods have
decentralized to 11 regional
been
through
divisions: Wear¬
ing Apparel, Hardware, Furniture,- £
Drugs, Automotive, Construction
Machinery, Office Supplies and
offices
in
the
country
eight commodity
General
Products.
'*
of the
landing at Washington Aug. 22 for a three-day state visit with Presi¬
that night a guest of honor at a state dinner given
dent Truman, was
elected
an
Gen. Charles de Gaulle, President of the Provisional Government
French Republic, who arrived in the United States by air,
/
It provides also for
parliament in IndoChina
and for
an
independent
economic existence for that ter¬
Government.
Visit of Gen. de Gaulle of France to U. S.
Gaulle after the White House
President Truman
told * reporters,
the
Associated
Press stated in a Washington dis¬
state
dinner,
patch 6n
that the two
23,
Aug.
had talked
all matters of
on
mu¬
tual interest to their two countries
American
tion,^ the French leader said, "we
had been turned over
to Secretary of State Byrnes and
George Bidault, French Foreign
must get together and draw up a
that
and
French
all
questions
Minister.
The President indicated
that
matters they could not
any
settle between them would be
re¬
program."
fore resuming conversations with
President
Truman,
the French
visitor
Mr, Byrnes and M. Bidault spent
several hours together, the Asso¬
replied
two-
almost
to
Much
what
of
Gaulle
de
of
The
conversations.
the
reported, after which main points made by de Gaulle
M.
Bidault
told
reporters
the were:
questions discussed were primar¬
1. France intends to retain con¬
ily economic.
trol for the indefinite future on
pen.; de Gaulle held a long the left bank of the Rhine and
conference
with
Jean
Monnet, desires only that the limits of her
head
the
of
mission
at
French
economic
Washington,
which,
coupled with a report that the
Foreign Economic Administration
had
territory
assigned
occupation
should
revised—evidently
be
the
enlarge
have
to
will
France
area.
proposals
some
in¬
about
approved a $240,000,000 Ex¬
port-Import Bank loan for France,
ternationalizing the Ruhr indus¬
trial area of Germany to make to
led
the meeting of foreign
in London next month.
the
to
assumption
that
eco¬
nomic matters
.v
were receiving first
importance.
A joint statement emphasizing
that there is
mony"
American
sued
"fundamental har¬
a
between
and
post-war aims was is¬
Aug. 25 by President
,on
Truman
French
and
Gen.
Gaulle
de
in
which they expressed their readi¬
ness
to act in establishing
"an
closer co-operation between
the two countries." The statement
even
follows:
;
The visit of General de
Gaulle,
President of the Provisional Gov¬
ernment
to
the
of the French
President
States
of
of
Republic,
the
America,
United
has
been
of
future
The
2.
ministers
trolling Germany and on the re¬
action of the Germans themselves
defeat and freedom from Naz¬
definite
No
for
program
coming here to talk with
President
Truman,
Gen.
de
has
Gaulle
both
the
desired
take
to
up
problems of rebuilding
Europe and problems of the Far
East
have immense
their
their
first
in
the
meeting,-
sentiments
of
of
course
expressed
mutual
high
which
resolved
The conversations which
began
after
General
immediately
de
the
have
arrival
Washington,
possible a thorough
made
discussion of
jects,
in
them those of most
among
immediate
wide range of sub¬
a
interests
to
the
two
Governments.
second
con¬
versation between President Tru¬
man and General de
Gaulle, and
at their request, the
Secretary of
State,. Mr. Byrnes, and Foreign
Minister, Monsieur Bidault, had
during two days a full and frank
discussion of political and eco¬
nomic questions in which the two
countries are deeply interested.
Following
those
discussions,
both the Chiefs of
State, and the
Secretary of State and the French
nized, in the
course
of
recog¬
further
a
4.
construction
of
of
world
be
Gaulle
de
hopes that
they will be quiet changes, rather
violent
Of
ones.
the
Hall.
-
neighbor, Italy, de Gaulle
anticipates Franco-Italian settle¬
ment of points
of mutual interest
—apparently
having in mind a
treaty between the two countries
to follow upon the writing of a
general peace treaty with Italy.
5.
Questioned
about
French
policy
on re-opening Palestine to
the full scale immigration of Jews
trial and
and
un¬
establishing
an
between
According to Associated Press
accounts
from
Washington
on
Aug. 24 Gen. de Gaulle
day proposed that the
States
draw
up
a
on
that
United
long-range
economic program with France to
promote
the
struction
permanent
that
of
country.
The
given
the
,went
The
in
on
to
recon¬
war-ravaged
press
New
say
accounts
York
as
"Sun"
in part:
President
of
war
Gen.
French
mandate
and
that
Transjordan, also
mandate, are the only
British
left
mandates
area.
In
the
Mediter¬
Gen', de Gaulle did
man¬
Syria
and
Lebanon,
to
independence has been
promised by Paris.
6.
To
inquiries whether
he
would be willing to grant the
United States
a
Gaulle, as chief of the
Provisional Government, went to
Luxembourg Palace with six of
his Ministers, to attend the final
meeting of the Assembly,
Caledonia, Gen. de Gaulle said that
sort of problem is really one for
international
security
settlement.
At Noumea the United States has
been
using
base throughout the
through "only a pro¬
visional arrangement."
7. French policy on Indo-China,
Pacific
about
a
war
which
recently
have
Paris
and
been
in
London
elected
an
a
an
Indo-Chinese
Government of Indo-Chinese peo¬
ple and French living there" un-
"appreci¬
able help and already a vast total
*0
.
3.*\ ;
der
body,
"The
nation
decisive
new
is
is
entering
stage.. The nation
going to take its destiny back
into its
cwn
time
give
credit
for
hands.
Let
each
us
other
this, that to
at this
mutual
arrive at
this point you have and we have
done our duty."
Gen. de Gaulle
probably
had
in
mind,
the
pointed out, the evolu¬
tion
of
assembly from Algiers
days, when it served as a sound¬
ing board for the Committee of
"Times"
National
Liberation
to
recent
weeks, when it has become one of
the principal platforms for op¬
position to his policies.
Savings & Loan Assns.
Combined
assets
of
Federal
savings and loan associations in¬
creased by 21% and their holdings
of government bonds more than
doubled
to
during
annual
an
Home
the
Loan
same
public
in
a
Bank
System. Over
period savings of the
Federal, - associations
gained 22%, and reserves and un¬
divided profits increased
by 17%.
The $3,168,000,000. of total assets
associations
46%
was
at
more
the
end
than
the
figure for December 31, 1941, at
the onset of the
also
war.
state in part:
The advices
eral associations reached
a
record
total of
pared
In
the
$669,000,000 in 1944, com¬
with $512,000,000 in 1943.
face
of
opportunities
home
continued limited
for
loans
on
building, the increase
new
was
largely due to greater activity in
financing the purchase of existing
houses
in
crowded
holdings
of
the
institutions
was
only 7%, reflecting both larger
repayments by borrowers because
representative of the Paris of
higher
incomes
and
the
fact
to
Allied
Military Gov
considerable embarrass
ernment
ment"
v
_
:
_
The earlier advices
Press) from
reported:
The
(Associated
Washington June
State D
e
p a r t m e
t
n
9
an¬
to
Harold Alexander.
9.4%.
As
expenses
in¬
net
result
a
dur¬
come,
Sir
2.9%^ of total assets compared
with 3.2%
In
in 1943.
'
,
The
announcement climaxed
a
dispute which has continued since
Tito's Yugoslav troops
marched
number, associations operat¬
under Federal charter de¬
ing
clined from 1468 to 1464 over the
into the Istrian Peninsula and
the
Cartnthian area in southern
Aus¬
The gain in total assets
brought their average resources
year. *
up
to.$2^,164,000 at.the
1948
1944
and
tria
and
some
American forces'
brought warnings from both Lon¬
don
Signed
that
cated
an
20
Anticipating the signing of to¬
day's Trieste agreement diplo¬
matic
withdrawal of Tito's troops from
Trieste.
;
' •
'
There
was
no
word
on
this
indi¬
agreement
tioning the Venezia Giulia
parti¬
area
point, however,
of
Italy and
leaving the disputed City of Tri¬
este
entirely
in
British
and
American
hands
signed
was
More Mail
on
nounced
Yugoslav authorities. The bound¬
agreement
ary
gave
the
Allied
Yugoslavia
to
Postmaster Albert Goldman
that date by Anglo-American and
Military Government full use of
railways in Trieste and Gorizia,
and the Yugoslavs full use of
port
in the Belgrade
reports.
northeastern
pre-war
close to the British
sources
Foreign Office indicated yester¬
day 4hat; it would bring about
from
Press)
conference.
peace
Press from Washington, June 9.
June
no uni¬
boundary
disputes should be made "in the
wake of victorious armies on the
but should wait until a
according to the Associated
advices
Washington that
settlements' of
march"
puted Trieste and Venezia «Giulia
(Associated
and
lateral
It was announced simultaneous¬
Further
of
Adri¬
the
Yugoslav occupation of former
and
Austrian territory
duplicating that of Allied troopj
including New 1 Zealand,. British'
ly in London and Washington on
June 9, that the United States,
Britain and Yugoslavia had signed
an agreement for the temporary
military administration of the dis¬
Trieste
collapse
Italian
$5,000,000 increased from 89
the
$1,000,000 declined from 834 to 685.
to 148, the report said, while
number in the. group under
area,
the
resistance oh
atic front.
number' of associations with assets
Trieste Pad
following
German
end.
together, the
year
over
tion
has
an¬
Aug. 27 that informa¬
on
been
received
the
from
Post Office Department at Wash¬
ington that mail service to Yugo¬
slavia is extended to comprise all
facilities at Trieste and Pola, with
no
restrictions on civilian move¬
classes of regular (Postal Union)
mails, that is to say, letters, post
ments, said the Trieste advices
(Associated Press) June 20, pub¬
cards, printed matter in general,
printed matter for the blind, com¬
lished in the New York "Herald
Tribune" which further
reported:
"The
called
tive
(Anglo-American
purposes.
the
the
line
and
Yugoslav
area, an
Rome said,
in
whole
west
area
eastern
ment
troops
announce¬
adding, "the
of Venezia Giulia will
area
be held in trust by the
respective
countries pending final settlement
at the
peace
"The
Line
runs
from
the
city of Gorizia
be
Allied-administered.
"The
exact
line extends
ward from Punta
inent
headland
just
east
Piezzo
Ratece
on
slav
the
border.
Isonzo
"The
who
will
Mangari,
roughly
and
who
of
participate
Trieste
be
in
or
under
Gorizia
Allied
also
provides
that British and
American forces
occupy the important port of
Pola,
the southern
tip of the Istrian
peninsula about 100 road miles
south of Trieste.
on
"The signatories
were
of
applicable are
prior to the sus¬
service
mail
that
to
Ordinary (unregistered and un¬
subject to the same rates
sumed
conditions
as
in effect
were
sub-
j ect to the following restrictions:
(1)
the
or
Only
week
parcel per
one
behalf of
concern to
be sent by or on
may
same
for the
(2)
The
person
same
or,
addressee.
weight of each
is limited to 11 pounds',
18
inches
combined
the
and
parcel
the length
length and girth to not more
42
than
inches.
(3)
Contents
perishable
Lieuten¬
are
items
prohibited
in
limited to non-
not
parcel-post
which I, are
the
mails to Yugoslavia.;,;The
Monfalcone.
agreement
effect
the
headquarters. The Yugoslavs will
be concentrated in an
area twelve
miles northwest of
Trieste near
^
in
insured) parcel post service is re¬
to
occupation forces
2,000 Yugoslav troops,
will
weigh up
may
country.
-
occupation
blind
The postage rates
those
to
follows
River.
not
the
pounds 6 ounces.
ice, except the parcels will be
of
Allied
will include
for
15
to
Gulf
the
Italo-Austrio-YugoIt
ter
prior to the suspension of the serv¬
of
and
commercial
samples of merchandise,
and small packets are limited to 1
pound per package. Printed mat¬
papers,
north¬
Rifenbergo. It
then runs to
Montespino and east¬
ward to
Gorizia, St. Lucia, Caporetto,
(except printed
matter
a prom¬
Grossa,
on
Printed
matter for the blind),
and
Muggia south of Trieste, enclos¬
ing a ten-mile-wide belt
through
Erpella, Cosia, San Danil and a
point
advices state:
pension
conference.")
Blue
old Austrian border on the north
to points about four miles
south
of Trieste, and the
will
mercial papers, samples of mer¬
chandise, and small packets. The
agreement set up a soBlue Line for administra¬
"The
Despite the greater lending vol¬
the year's gain in mortgage
region
"likely
the
cause
of
eco
although rising in dollar
amount, declined percentagewise
1944 but aggregate
ing
cities.
ume,
and
nouncement said that the
military
details, for occupation of the
area
in northeastern Italy and
Yugo¬
slavia would be worked
out bv
Marshall Tito of Yugoslavia
and
B r i t a i n's
Field
Marshall
8.7%
increased
associations
the
.
Mortgage loans made by Fed¬
ideological
difficulties in the
said the occupation was
Federal
of
income
total
racial,
nomic
war
The
picture
the
participation in the
financing program—
and their strengthened position to
meet
the problems of post-war
home financing.
S.
of
Annual Report on Fed.
shal Josip Broz (Tito).
A senior officer of
the British
13th Army, who gave a
associations'
U.
troops will occupy the
dispute
immediate occupation forces,
"contemplates
Provisional Government said that
furnishing
which
will be succeeded next autumn by
naval base in New
America
is
month, in France,
de
Twohy, Governor of the Federal
British
had
in fact this and
over
the
indus¬
plants at New York
consulted, that Palestine is
been
France
Allies, and Lieutenant
General
Jovanovic, chief of staff to Mar
holdings indicates the
ment bond
at
Chicago.
1944
by
home
Roosevelt's
President
not
that
pointedly
mortgages.
nearly 31% of assets on last Dec.
31, as compared with $162,000,000,
qr a ratio of 7.5 %, at the end of
1941. The marked rise in govern¬
Hyde Park, N. Y. and to
these
the two countries.
'■
his stay in the United
elsewhere, throughout the courts
try, including one to the United
States Military Academy at West
Point, N. Y., a visit to the late
of
cooperation
re¬
City
States Gen. de Gaulle • paid visits
of
closer
the
at
1944, according
report for those
home financing institutions made
public
on
June
24
by
James
from Europe, Gen. de Gaulle said
General W. D.
Morgan chief
of staff to Field
Marshal Sir Har
old R. L. G.
Alexander, for thl
combined statement of the
The
In
General
;
,
During
dates,
derstanding
officially
LaGuardia
the
which full
even
later
at a
functions.
these
Mayor
accordance
mutual
of
each
ceived
not mention France's former
with this
honor
Waldorf-Astoria
the
at
featured
postwar world and have ex¬
pressed their readiness to act in
the
of
guest
re¬
was
France's
other
ranean
the
will
Gen.
war.
ican
in
one
changes in
Spain as a result of the United
Nations victory in the European
the
fundamental har¬
mony between French and Amer¬
aims
as
co-operating
There
a
meeting,
to
Powers.
under
Foreign Minister have fully
continue
continue"
to
great
than
Subsequent to the
would
importance over a
long future. In the solution of
these problems, France is "firmly
esteem.
Gaulle's
he
ceived at the City Hall and
clared.
In
3.
of
who,
when
27,
Aug.
on
the form of
which remains to be decided, ac¬
Germany's
future
should
be
agreed upon until the Powers can cording to a dispatch to the New
York "Times" on Aug. 3, from
see how well they
work together
On
that
occasion,
the
and of what the German people Paris.
"Times" stated, the General de¬
are capable.
ism.
marked by an important
exchange
of views between the two chiefs
state,
reception for Gen.
de Gaulle was held in New York
Earlier in the
Germany de¬
pends both on the ability of the
Big Powers to co-operate in con¬
to
official
An
luncheon
ciated Press
existing
of
cellation
rose
of the Rhine.
said, Hotel. Addresses
by Gen. de Gaulle
provided clear indications of the
trend
man
was
questions fired at him.
score
ferred to the General and himself.
'
Meeting reporters be¬
offset to some
1945
ant
associations showed a
continu¬
Gen. de Gaulle said that
"we want to couple a return of ation of war-time growth, in liquid
Cash
and
government
full
"French
sovereignty
over assets.;
bonds
totalled
$978,000,000,
or
Indo-China with acceptance of a
territory,: he said, always
used
as
the gateway to
attack
such as food, materials for cur-,
France.
France controls part of
rent
industrial
operations,
and
those territories and de Gaulle
some
coal tonnage to tide over
stated
"that
control must con¬
the coming winter.
;
tinue" to keep the French flag
"For
purposes
of reconstruc¬
firmly planted on the left bank
is stuff needed immediately
ence,
purchase are
extent by the can¬
that loans for home
ritory.
by President Truman at the Executive Mansion, and, according to
custom, as the Associated Press pointed out in reporting the visits
new regime there."
spent
his
first
night
in this<$
Gen.
de Gaulle discussed the
has been reached," with the pros¬
country at the White House.
German situation at some length.
Discussing with his press con¬ pect of 1,000,000 tons of supplies
He said "France has no claim to
ference the results of a prelimin¬ flowing
out
of
this- country
annexing any German territory,"
But all this,
ary two-hour talk with General monthly to France.
but there have been parts of Ger¬
the General told a news confer¬
de
Monday, September 10,
& FINANCIAL CHRONICLE
THE COMMERCIAL
1218
the
licensing
Foreign
tration
are
requirements
Economic
applicable to mails
parcel post for
and
Yugoslavia.
Air-mail,Money-Order,
Special-Delivery services are
available.
of
Adminis¬
-
*
am*
not
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
Volume 162
1219!
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
to
/
present them for payment on
date called at the Com¬
There has been
and after
National Life Insurance
Company (P. O. Birmingham,
Liberty
mercial
National
Bank,
Little
Rock.
Alabama)
Sold
Bonds
Portfolio
It
—
is
CALIFORNIA
stated by E. A. Camp, Jr., Vicepresident and Treasurer, that va¬
State and municipal bonds
aggregating $221,000, were award¬
ed on Aug. 29 as follows:
Contra
Agee & Leach of Bir¬
mingham, the Equitable Securi¬
ties Corp., and the First Nation¬
of Birmingham, jointly
No.
2, at 96.52, and
Block No. 26, at 126.903.
To Watkins, .Morrow & Co., of
Birmingham—Block No. 5, at
126.09, and Block No. 25, at
al Bank,
—Block
«
120.24.
White, Hattier
To
& Sanford, of
10, at
New Orleans—Block No.
127.52..
.
To the First National
Bank, King,
Mohr & Co., both, of Birming¬
ham, Robinson-Humphrey Co.,
of Atlanta, and John Nuveen &
;
Co., of Chicago, jointly—Block
No. 11, at 118.42.t r
.
.
Nashville
the
To
Securities
Co.,
Nashvile-^Block
of
No.
12,
Block
No.
13,
105.665,
and
118.93.
•
at
at
^
To
.
•
Shropshire & Co., First National.Bank, and Merchants Na¬
tional
Bank,
all
of
Mobile,
jointly—Block No. 14, at 105.43,
and Block No.
24, at 195.43.
-
•
To M. A. Saunders &
Co., of Mem¬
phis, and Cady & Co., of Colum¬
bus,-jointly—Block No. 27, at
111.62; " '
A
'
-
All-bids
.
Nos.
received
for
Blocks
1, 3
and 4, 6 ito 9, and
totaling $519,000 were
jected.- ' ,'"r ■•yC;;' V''
to
23
15
re¬
Airport
Bonds
Outstanding—AH 2%% munici¬
pal airport improvement bonds
which T. J. Raney &
Sons, of Lit¬
tle Rock, investment
brokers, did
not
exchange
for
reconverted
bonds
will
by
be
midnight
absorbed
Little Rock.
of
by
?<■■■
Aug. 23,
the City of
-
.
^
a
contract made with the
Company last February.
Reconversion of the
1/2% will
increase
authorized him to take
up all of
the 2 y2 % bonds which the com¬
pany failed to exchange before
«
^ea(Hine> in order
cheap" bond
to prevent
sale by the city,
city will not issue the equiva¬
original bonds in lJ/2%
™ds, Mr.iGraham explained.
Absorption of the remaining
bonds, said to be short-term and
lhe
lent of the
most
undesirable
bonds,
will
be
accomplished with bond funds in
city treasury which would
the
?V?u en used to call in bonds
inJ miSame issue on March 1,
to
Thus, the city will save in¬
terest
*
from date of the reconver¬
sion to
Mar. 1, Mr. Graham ex¬
plained. Most of the reconverted
s
£ave been bought
kittle Rock
banks, it
a.m.
Sept. 17 for
on
of $29,000
terest
the
was
by four
of the
bonds
bid
National
Trust
&
Sav¬
ings Association, Blyth & Co., and
the William R. Staats Co., all of
San Francisco, as 2s, at a price
of 100.583, a basis of about 1.959%:
$140,000 elementary school bonds.
Due Aug. 1, from 1947 to 1970.
140,000 high school bonds. Due
Aug. 1, from 1953 to 1970.
Dated
Aug. 1, 1945. Denomina¬
tion $1,000. The next highest bid¬
the
was
Riverside County,
Idyllwild Sch.
Dist. (P. Q. Riverside), Cal.
Bond
Sale—The
$10,000
im¬
provement and building bonds of¬
fered for sale on Sept. 4—v. 162,
p. 1034—were awarded to G. W.
Bond & Son, of Santa Ana, as
2V4S, at a price of 100.26, a basis
about
1945.
Denomination $1,000.
bonds
1948
Oct.
Dated
2.21%.
are
due
The
1957.
to
bidder
was
liams,
for
$1,000
on
next
1,
These
Oct. 1,
highest
Lawson, Levy & Wil¬
2%s,
at
price
a
of
Bond Sale—The
bonds
to
a
Bank
&
for
offered
hall
convention
and
assembly
4—v.
Cal.
$125,000 public
sale
on
Sept.
162, p. 1035—were awarded
syndicate composed of the
of
America
Savings
Association,
Blyth
foot
Aug
Denomination
1945.
1,
These
bonds
are
from 1946 to 1961.
est
a
bidder
was
$1,000.
Sept. 1,
The next high¬
due
on
Weeden & Co., at
net interest cost of 1.787%.
*
Sale
Bond
were
sold at
follows:
on
Details—The
a
bonds
price of 100.07, as
$40,000 maturing $8,000
Sept. 1, 1946 to 1950, as 4s, and
$85,000 maturing on Sept. 1, $8,000
in 1951 to 1960, and $5,000 in 1961,
as
The State Board
counties
.
affected
are
objecting
they were hoping and ex¬
pecting that the gas tax would be
ample for all road bond require¬
since
In
ments.
the
great majority
it is sufficient and with
cases
of
re¬
turn of normal
driving it may be
in the future to levy
ad valorem taxes but where
question
exists
the' State
unnecessary
any
any
Board is
In
taking
chances.
no
September
votes
Dade
whether
on
the
The great
advantage of such
solidation
is
that
all
collected for school
be
put into
the
a
where
low
standard
lete
will
10
be
the
con¬
money
operation will
fund for
.
—
districts
schools
those
all
and
that
out¬
have
big
mean
will
the
courses
thai
the
in
thickly populated
areas have, but it does mean that
every pupil will have the oppor¬
tunity of securing instruction in
a modern building and from com¬
petent instructors. If the amend¬
ment carries it will do away also
with a lot of petty politics since
every school district now has a
of
Trustees
have very
create
who
little authority but
lot of friction.
a
actually
can
Incident¬
ally, also, it is a step toward sim¬
plification of government by com¬
bining a number of small units
into one large one.
Miami, Fla.
Bond
bonds
of
issue
$9,000,000
voters
the
called
Considered—An
Election
amounting
to
may be submitted
at an election to
before
Dec.
1
to
to
be
finance
$3,500,000 park
and playground program and sev¬
eral
new
bridges
and tunnels
new
sidewalks,
improvement bonds, in connection
with a post-war construction pro¬
across
the
Miami
River.
At
this
election voters will also be asked
to
reject a plan for a
disposal system. A sec¬
approve
sewage
ond election would be called later
for
issuance
bonds
.
$1,000,000.
of about $14,000,000
for the
project.
These
Venice, Fla.
Certificates
Validation
of
Certificates
warrants,
Judge, on Aug. 21 or¬
dered the validation of water rev¬
cuit Court
Nos,
T-535
Dated Feb. 10 and
1944.
(to
;
July 24,
=>*^1
..
Holders of these warrants were
required to
them to
present
the
Board of
Education, City of Chi¬
cago, Room 352, 288 North La
Salle Street, on or before Sept. 4,
in order that same
might be veri¬
Treasurer may
be issued in pay¬
ment thereof.
:
Chicago Sanitary Dist., III.
Warrants Called—Frank O. Bir-«
District Treasurer, called for
on Sept. 5, corporate tax-*
anticipation warrants Nos/ A-733
—
H
1 g a
e
to A-801.
sealed bids until 11
nomination $5,000 each.
of said warrants should
Sept.
8, for the purchase of $225,000 3%
water revenue coupon or regis¬
tered certificates.
Dated July 1,
1945.
Denomination $1,000.
Due
Jan. 1, as follows: $3,000 in 1948
to 1950, $4,000 in 1951 to 1955,
$5,000 in 1956 to 1965, $7,000 in
1966
1975
are
a.m.
on
to
1968, $8,000 in 1969 to
1973, $10,000 in 1974, and $75,000
in 1975. Certificates maturing in
1960, or
redeemable
on any
on
July
1,
on
interest
any
pay¬
date to and including
1, 1969, at 101% of
thereafter
ment
on
date, at
par
interest payable
tional Bank, St.
value, and
interest
any
par.
July
pay¬
on
date called.
Downers
Petersburg,
New
at
Co.,
or
the Continental Bank & Trust
York.
bonds
of
system
sewer
bonds
amounting to $65,000,000 will
submitted to the voters at
tion
to
held
be
an
sometime
be
elec¬
Bond
in
Chicago
has
been
reduced
from
$473,463,444 to $269,654,760 in eight
years. This is a reduction of more
than 43%. Major Chicago govern¬
ments include the City of Chicago,
board of education, Chicago park
district, Cook County, the forest
preserve district and the Chicago
sanitary district, according to the
Municipal Finance Officers Asso¬
ciation.
nances to be
bonds to finance several projects.
El Paso, III.
Bond
Ordinance
water
/Denomination Rate
$50,000 each
1%
25,000 each
1%
Public
Library
28A1
000 road
29
50,000
held
voted
and 36A1
_
1%
Community
50,000 each
1%
date called.
Chicago Board of Education, III.
Warrants
election,
Called—J.
B.
McCa-
hey, President of the Board of Ed¬
ucation, called for payment on
Sept. 5, the following tax antici¬
pation warrants:
Educational fund, issue of 1944
Sch.
High
Bonds Voted—An issue of
struction
voted at
23,
bonds
con¬
favorably
the election held on Aug*
was
1945.
IOWA
Boone, Iowa
Bond Sale Details—The $24,000
city hall refunding bonds awarded
recently to Shaw, McDermott &
Co., of Des Moines, as 114s—v.
162, p. 1035—were sold at par, and
mature
$12,000
on
Nov.
1,
1956
1957.
?
.
Charles
City,
-\
Iowa
Bond Election—The issuance
of
$100,000 municipal hospital bonds
will be submitted to the voters at
an
election scheduled for Sept.
it is said.
:
City, Iowa
11,
<
.
/
Bonds Offered—E. B.
bids
the
Raymond,
received sealed
until 9 a.m. on Sept. 6, for
purchase
of
$2,110.23- 5%
Treasurer,
sidewalk assessment bonds.
are
dated
June
These
11, 1945.
Logan, Iowa
Bond
Election Held
—
An
issue
of $7,000 fire station and city
purchase bonds
Relief
on
the
July 27.
on
1%
iy4%
70,000 each
Interest ceased
at
was
Dist., III.
Municipal Tuberculosis Sanitarium
35A1
;!Ii
$60,-
improvement bonds
favorably
bonds
50,000
\
Township (P. O.
Bardolph), III.
Bonds Voted—An issue of
City
400AV2
was
hall
submitted to
the voters at the election held
on
Sept. 5.
Pocahontas, Iowa
Offering—Theo. F.
Bond
McCartan, Town Clerk, will receive
sealed bids until 9 p.m. on Sept.
7 for the
purchase of $28,000 air¬
Dated Sept. 15, 1945.
These bonds are due on Sept. 15,
port bonds.
as
follows:
$5,000
in
1950
and
warrants, Nos. E-2632 to E-2766.
Dated Oct. 16, 1944.
1955, and $2,000 in 1956 to 1964.
At bidder's request alternate ma¬
Building fund, issue of 1944
Nos. B-3564 to B-3924.
Dated Feb. 10, 1944.
turity
warrants,
I
revenue
■
:
Iowa
to
401AV3
system
!. //"<
Corporate
385AV2
Passed ~~ The
City Council recently passed/In*
ordinance calling for an issue• of
Co., of New York:
Nos.
City
presented to the Ci.ty
an igsue of
B.
Upham,
City Comptroller, called for pay¬
ment on September 5 the follow¬
ing issue of 1944, tax anticipation
warrants, to be paid on presen¬
tation through any bank to the
City Treasurer or the Guaranty
Trust
/
'
Issue—The
Council, calling for
and
Called—R.
!
./■
Legal Department will draft ordi¬
Ramsey
The gross bonded debt of the six
Bonds
;•
,v;
4'
Edwardsville, III.
.
,
Plans
City's Bonded Debt Reduced—
governments
On
next
Spring, it is reported.
major
—
passed.
was
Chicago, III.
sue
Wf
Passed
Aug. 7, at a meeting of the Sani¬
tary Board, an ordinance calling
for an issue of $44,000 refunding
bonds./
Election Planned—An is¬
<
Ordinance
Mound
Bond
present
Illinois
Bond
$64,000
ILLINOIS
Holders
Grove Sanitary District,
Principal and
at the First Na¬
11,1944. De¬
for payment at the District
Treasurer's office. Interest ceases
interest payment
thereafter, to and including
July 1, 1964, at 102% of par value;
ment
Dated Feb.
same
date
73A1 to 78A1
Or¬
P-296,
;
payment
Offered
Poor
dered—George Edward Holt, Cir¬
to
Roess Siede, City Clerk, received
charge.
Opa Locka, Fla.
P-276
ney,
or
Pulaski County
Special School Dist. gram.
(P- 0. Little
enue
certificates amounting to
Rock), Ark.\ /
FLORIDA
$72,000.
0IJ? Call—The above District
Florida (State of)
rpfn0tJ.fying bondholders that all
Palm Beach County, Pahokee
Muncipal Situation Discussed—
nf
bonds issued under date
Drain Dist. (P. O. West Palm
9fip^ec/ 31' 1940> being numbers The following comments on the
i Beach), Fla.
in
5.to 559RB maturing serially local bond market and general
Bonds Validated—On Aug. 20,
1; ,years ,1946 to 1961 and municipal activities are taken
caliiSr#1-® to $464,000, are being from the August issue of the Joseph S. White, Circuit Court
rrn5? .or Payment at par and ac- monthly bulletin published by A. Judge, signed the final decree
RoihI rslntere?t on Jan. 1, 1946. B. Morrison & Co., Congress validating the $27,000 refunding
of said
bonds.
borylg- are directed Building, Miami:- "~***
.•
ing to
refunding bonds amount¬
a
The
21an electio?1 ? beld on
Council recently authorized
the issuance of 2%% and 3Y2%
enabled to
It does not
lying
ice
City Council is said to be consid¬
ering the issuance of $1,000,000
Bond Issuance Authorized—The
buildings obso¬
get ade¬
or
N'os.
fied and interest computed so that
cash warrants drawn on the City
City
series F
1944
T-574.
be¬
would be repaid by a sewer serv¬
Leandro, Calif.
Bond Issuance Pending
approximately
$338,000
bonds
have
indicated
their willingness to accept new
refunding bonds in exchange. The
latter, authorized in the amount
of $595,000,. will
be designated
series C, bear 314% interest, and
dated Jan. 1, 1945.
that the
so
instruction is
quate school facilities and instruc¬
tion.
commissioners
of
common
of all schools
use
sections
the
holders
thereafter
County
not
or
separate school districts in the
county shall be merged into one
district covering the entire area.
of
1V2S.
Pefeated — An issue of
ball bonds was de-
?
insufficient.
adhering to its policy of insist¬
ing that interest be paid in full
in cash and that refunding shall
take place, if necessary, only on
matured principal.
Some of the
&
Co., and the William R. Staats Co.,
San Francisco, at a net in¬
terest cost of 1.78%. Dated Sept.
all of.
advised
that
road bonds where the
on
National Trust
said.
Newport, Ark.
State
Board
San Gabriel,
counties
seven
is
Los
America
directed
to levy ad valorem
of varying amounts for
coming year to take care of
are
the County Treasurer.
Angeles County, Claremont
Sch. Dist. (P. O.
Los Angeles), Cal.
Bond Sale—The following bonds
amounting to $280,000 and offered
for
sale on Sept.
4—v. 162, p.
1034—were awarded to a syndi¬
cate
composed of the Bank of
has
Sarasota, Fla.
has
the
I warrants,
Dated Feb. 10, 1944.
Lewis, Attorney for the District
;Free text book fund, i?sue of
present allocations of the gas tax
for, payable to
Unified
will
are
interest
5%
San
_
in
opinion of Orrick, Dahlquist, Neff
& Herrington, of San
Francisco,
will be furnished the purchaser.
check for
the
millages
- payable
at
the
County
Treasurer's office. The approving
certified
sizeable
on
satisfied
The State Board of Administra¬
tion
a
take
Port of Palm Beach Dist., Fla.
Bond Exchange Planned—R. K.
available.
1956, and $2,000 in 1957
to 1966. No conditional bids will
be considered.
Principal and in¬
Enclose
to
move
out
quickly.
nominally at levels that
have been prevailing but there is
a
tendency to shade prices on
slow-moving items when bids are
in 1948 to
$340,500.
a
11
100.424.
the principal
City Clerk H. C.
Graham said the City Council has
to
until
purchase
bonds at
^
bonds
Prices
building
bonds, not exceeding 5% interest.
Dated Oct. 1, 1945. Denomination
$1,000. These bonds are due $1,000
of
The company is exchanging the
$325,000 outstanding 21/2% bonds.
The refunding and reconversion
are
being
accomplished
under
terms of
the
Security-First Na¬
tional Bank, Los Angeles, for 2s,
at a price of 100.549.
ARKANSAS
Absorbs
bids
dealers
commitments unless
County Clerk, wil receive sealed
der
Little Rock, Ark.
City
of
County Vine Hill
Sch. Dist. (P. O.
Martinez), Cal.
Bond Offering —W. T.
Paasch,
rious
To Stern,
Costa
minimum of
a
activity in the Florida Municipal
Market the last thirty days. With
all
the
uncertainty
regarding
post-war developments there is
naturally a hesitation on the part
will be consid->
made on the
value or better for
schedules
ered.
Bids should be
basis
of
par
Playgroijnd fund, issue of 1944 settlement on date of issuance or
settlement,
of issuance to date of
all
for
the
bearing
bonds
a price of 100.219, a basis of about
0.67%, as follows:
MARYLAND
date
from
interest
accrued
with
(P. O. Towson)
Maryland
Baltimore County
same
playground
Two,
Ward
$10,000
Monday, September 10, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1220
in
$17,000 in 1951, $15,000
1953, $20,000 in 1954
1950,
in 1952
and
$25,000 in 1960 to 1967,
$30,000 in 1968 to 1973, and $35,000 in 1974. Bonds maturing Oct.
to
1959,
chaser's attorney
approving the
gality of the notes.
such opinion and of
The
cost
printing
1p
of
shall
be paid by the purchaser.
a
certified check for 2%
EncloJ
loan of 1945 bonds. Due $2,000
issue
0f the
from Sept. 1, 1946 to 1950.
total par value of the notes
of 1945, public school bonds of¬
1, 1965 to 1974, will be subject
pav
52,000 sewer loan of 1945 bonds.
to redemption prior to maturity at able to the District Treasurer.
fered for sale on Sept. 5—v. 162,
Due on Sept. 1, from 1946 to
par and accrued interest in in¬
p. 926—were awarded to a syndi¬
1950.
"
Water ford
Township Sch. Dist.
verse numerical order on 30 days'
cate
composed of the Bankers
mu&t agree to furnish his own ap¬
Denomination
$1,000.
These
Michigan
Trust Co., of New York, Harriman
published notice/; Principal and
Bond Call
Helen H. Reese
bonds are dated Sept. 1, 1945. The
proval of the bonds, the bonds to
interest
payable at the Detroit District
Ripley & Co., Inc., R. W. Pressbe1 printed and provided by the
other bidders were:
Secretary, calls for pay,'
Trust Co., Detroit. Said bonds will
Int.
Price
ment
the
seller^'1 on
standard forms and pnch & Co.,- of New York, and
following refunding
be general obligations of the dis¬
Robert Garrett & Sons, of Balti¬
Bidder
Rate
" Bid '
bonds:
covenants and all bids must be so
Wecden & Co.
1%
100.477 trict, which is authorized and re¬
more,
as
1.30s, at a price of
On Oct. 1, 1945
conditioned.
These bonds. were
Park Nat'l Bank, Holyoke__l'^
100.00;
quired by law to levy upon all
$12,000 School District No. 3 bonds
authorized at an election, held On 100.069, a basis, of about 1.294%.
taxable property therein such ad
North Adams, Mass.
Dated Sept. 15, 1945. Denomina¬
Dated Dec. 10, 1940. Due
Aug. 7f 1945. Enclose a certified
$3,'
valorem taxes as may be neces¬
Bond Offering—Percy F. Kittion. $1,000. These bonds are due
000 on Oct. 1, 1957 to 1960.
checks for 5%
'
payable to the
sary to pay the bonds and the in¬
$80,000 on Sept. 15, 1954 to 1963. tredge, City Treasurer/ will re¬
Town. ! "
On Jan. 1, 1946
The
next
highest, bidder was ceive sealed bids until noon on terest thereon, without limitation
8,000 School District No. 8 bonds
Shields.. & Co;, Coffiii. St Burr, R. Sept. 10 for the purchase of $35,- as to rate or amount. Legality ap¬
iv
KENTUCKY
Dated Dec. 1, 1941.
Due on
D. White & Co., Dolphin & Co., 000 departmental equipment cou¬
proved by Miller, Canfield, Pad¬
July 1, 1953.
Breckinridge County (P. O. Hard- and C. T. Williams & Co., jointly,
dock & Stone, of Detroit.
pon bonds.
Dated Sept. 15, 1945.
insburg), Ky.
; 4,000 School District No. 2, frac¬
tor
l%s, at a price of 100.659. Denomination $1,000. These bonds
Grosse Pointe Township (P. O.
Bond Call—The county calls for
tional bonds.
Dated Jan. 1
Other bidders were as follows:
are
due $7,000 on Sept. 15, 1946
■Grosse Pointe Park), Mich.
1937. Due Jan. 1, 1960.
payment on Oct. 1, all outstanding
Bidder— '
Price Bid to 1950. Bidder to nameythe rate
Note Sale—The $26,000 issue of
4% school building revenue bonds,
Said bonds should be presented
of interest in multiples of 14 of
For 1%% Bonds
1945, tax anticipation notes of¬ to the Detroit Trust
dated Apr. 1, 1943.- Said bonds are
Co., Detroit,
1%.
Principal and interest pay¬ fered for
Halsey, Stuart & Co.,
sale on. Sept. 4 were
palled at par and accrued inter¬
for payment.
Interest ceases on
able to the Merchants National
Blair & Co., Inc.,
awarded
to
the
Grosse
Pointe
est to Oct. 1, 1945, plus a premium
dates called. 7 '
Bank, of Boston. No bids for less
Equitable Securities Corp.,
Bank, of Grosse Pointe, at 1%.
pf 3% of the principal amount of
than par and accrued interest will
and
/7/;/777
Dated Sept. 1, 1945. These notes
said bonds, and should be pre¬
MINNESOTA
be accepted. These bonds will be
are
due on Jan.
sented to the Louisville Trust Co., Scott, Horner & Mason,
10, 1946.
The
Elk River, Minn.
prepared under the supervision of
jointly
100.569
next highest bidder was Crouse,
Louisville, for payment.
Bonds Offered—H. A.
and certified as to their genuine¬
Briggs,
Glore, Forgan & Co.,
Bennett, Smith & Co., at 2%.
ness
Eastern Kentucky State Teachers
by the Merchants National
Village Clerk, received sealed bids
Stroud & Co.,
until 8 p.m. (CWT), on Sept. 6,
Bank, of Boston, and their legal¬
Michigan (State of)
College (P. O. Richmond), Ky. \
Mackubin, Legg & Co.,
Bond Tenders Wanted—Charles for the .purchase of $70,000
Bond Call—L. Katherine Mor¬
ity approved by Storey, Thorngen¬
and
dike, Palmer & Dodge, of Boston, M. Ziegler, State Highway Com¬ eral ' obligation t electric
gan, Secretary of the Board of Re¬
system
First of Michigan Corp.,
whose opinion will be furnished missioner,
will
receive
sealed bonds. Dated Sept. 1, 1945. De¬
gents, calls for payment on Oct.
jointly 1
1
_100.44
the purchaser.
Delivery will be tenders until 2 p.m. (CWT) on nomination $1,000. Due Jan. 1, as
I, the following bonds:
Harris Trust & Savings p
A
made at the Merchants National Sept. 10, at the office of the Di¬ follows: $5,000 in 1948 and 1949,
3*£% dormitory revenue bonds,
Bank, Chicago, and
Nos. 16 to 50. Dated Apr. 1, 1940.
Bank, of Boston, for Boston funds. rector of Finance, State Highway and $10,000 in 1950 to 1955. Bonds
A. Webster Dougherty &
2.80% building revenue bonds,
Dept.,. Room 332, State Office maturing in 1952 to 1955 to be
MICHIGAN
Co., jointly
100.319
Nos/48 to 275. Dated Oct. 1, 1938.
Building, Lansing, 13, Mich., for subject to redemption in inverse
1/
.,4
'»■>•iVVi-r-L
/
'*■
rate of
interest, said interest rate
Sale—The
Bond
multiples of ?4 of I %.
Repayment options to be open in
series sequence, 10 v years from
date of issuance.
The purchaser
be in
to
$800,000
—
•
-
-
-
•
•
.
,
:
-
Denomination
are
notified
one
Holders
present bonds at
$1,000.
•
of the
to
places of payment des¬
therein.
Interest ceases
ignated
date called.
on
Henry County (P. O. New Castle),
Kentucky
,.v././
'
'.
Bond
and
Sale—The
$67,000
road
bridge- refunding bonds of¬
for sale on
Sept. 5 were
fered
awarded to the Bankers Bond
Co.,
Alex. Brown & Sons,
Mercantile-Commerce Bank
n
LOUISIANA
;
Drain District No.
1
Ward
Co., St. Louis,
Lee Higginson Corp., and
Crouse, Bennett, Smith & Co.,
jointly
100.199
For
1.40% Bonds
Corp.,
Pittsburgh,
W. H. Newbold's Son & Co.,
Mellon Securities
and
1VZ% Bonds
Kidder, Peabody & Co.,
(P. O.
Bond
■
Sale
—
The
Mercantile
$40,000 im¬
provement bonds offered for sale
on
Aug. 31—v. 162,
awarded
to
Scharff
p.
&
Jones,
of
Aug. 1, 1945. Denominations $1,000
or $500.
TheSe bonds are due on
Aug. 1, in 1946 to 1969.
Jefferson
Parish, Garbage Dist.
public
bonds
offered
for
Aug. 29—v. 162, p. 613—
were
awarded to White, Hattier
& Saniord, and Scharff &
Jones,
both; of New Orleans, jointly, at
a
price of 100.002, a net interest
For
1946
as
follows:
$1,1,000 maturing on Oct. 1,
^4 3s, and $239,000 maturing
Oct. 1, $11,000 in 1947 to 1950,
$12,00,0 in 1951 to 1955, $13,000 in
on
1956 to
to
lp.65,
1960, and $14,000 in 1961
as
IV2S. Dated Oct. 1, 1945.
Denomination $1,000.
Trust
Stein Bros.
& Sons,
Co., and
Ferris, Exnicios & Co.,
jointly
—100.58
&
—
Bonds
Offered
public
yield
subscription at prices
from 1.00% to 1.30%,
&
row
Yost,
now
§239,000, 13/4s
reduction
100.00
Whifje, Hattier & Sanford,
-anc| Associate,
#or $44,000, 3s,
$86^.000, 1 %s, and
first
office
State
1945
100.002
is
a
year
that
have
and one-half years
been
effected
during the five
of his adminis¬
tration, Governor O'Conor said.
MASSACHUSETTS
100.03
Bond
offered
Holyoke, Mass.
$62,000
Sale—-The
for
sale
on
Aug.
bonds
was
favorably 162, p. 1036—were awarded to
election held recently. Tyler & Co., of Boston, as %s, at
bonds
approved
$607,000 2%
received
were
no
Sept. 4
county highway improvement
refunding bonds, dated Nov. 1,
on
of
1935.
on Jan. 1,1951,
interest payment date
thereafter. Principal and interest
will be payable at any suitable
bank or trust company designated
by the successful bidder.
and
on
any
Hubbard County
(P. O. Park
Rapids), Minn.
Bond Sale—The $39,000 refund¬
ing bonds offered for sale on Sept.
4—v.
p. 1036—were awarded
Dain & Co., of Minne¬
162,
J.
to
M.
Dated Sept. 1, 1945. De¬
$1,000. Interest M-S.
These bonds are due on Sept. 1,
apolis.
nomination
$5,000 from 1946 to
inclusive, and $4,000 in 1953.
The next highest bidder was Piper,
Jaffray & Hop wood.
follows:
as
1952
Red ford
Township School Dist.
(P. O. Detroit), Mich.
Bond Sale—The $115,000 build¬
ing bonds offered for sale on Aug.
30—v.
162,
and
Warren
Townships
Fractional Sch. Dist. No. 2
(P. O. East Detroit), Mich.
Bonds Sold—The $607,000 issue
of
1945, refunding bonds offered
for sale on Aug. 30—v.
162, p.
926-^-were
awarded
to
cate composed of H. V.
syndi¬
Sattley &
a
Co., Miller, Kenower & Co., First
of Michigan Corp., Crouse, Ben¬
nett,
Smith &
Co., McDonald&
Co., all of Detroit, and
the
Channer
Securities Co.,
of
Chicago. Dated June 1, 1945. De¬
nomination $1,000.
These bonds
are
due
$5,000
in
on
Oct.
1948
1, as follows:
and 1949, $15,000
p.
926—were awarded
Corp.,
$46,000, 2s, and
$69,000, 13/4S
Loretto, Minn.
Bonds Offered—Ralph
Vllage Clerk, received
er,
of Loretto.
For
100.006
Mille
(Net interest cost 1.787%)
Lacs
County
Sch. Dist. No.
Indep.
(P. O.
13
Crouse, Bennett, Smith & Co.,
For $46,000, 2ViS, and
$69,000, 13/4s
100.05
ing bonds offered for sale on
(Net interest cost 1.808%)
30—v.
Wakefield
(P.
Note
O.
Township Sch. Dist.
Wakefield), Mich.
bids
Milaca), Minn.
Bond Sale—The
—
Clarence
A.
until
7:30
(CWT), on
Sept. 10, for the purchase of $40,000 tax anticipation
notes, to bear
p.m.
not
exceeding 4% interest. Dated
Sept. 15, 1945. Due Jan. 15, 1946.
The notes will be awarded to the
bidder whose bid produces the
lowest interest cost to the District
after deducting the
any.
premium of¬
Interest on premium
shall not be considered
as
162,
of Mi-
price of
100.10*
basis
be
considered.
Denominations
and
form of notes to be at the
option
of the purchaser.
Principal and in¬
These
bonds
bidder
unqualified
opinion
of
the
pur¬
are
due
$1,000.
Jan. R
on
a
Co., for
J. ;M. Dain &
price of 100.05.
Mountain
Lake,
Minn.
Bonds Purchased—The
Farmers
Bank, of Mountain Lake,
purchased recently an issue or
State
$72,000
bonds,
pl3nt
light
municipal
as
2s.
Minn.
issue of Cit>
Robbinsdale,
Bond Election—An
Hall Fire and Police Station
bonds
amounting to $100,000 will be
to be held
are
to
be
on
sub¬
election
mitted to the voters at an
These bonds
from 3 to 1-
Oct. 2.
due
in
years.
terest payable at the First Nation¬
Bank of Wakefield.
The loan
1945 operating taxes are
pledged.
Bids shall be conditioned upon the
was
.1.30s, at
St.
al
represents 38.4% of the amount of
operating tax levied on the 1944
tax roll for school
purposes. The
H3*®®
1.20%.
about
$3,000 in 1947 to 1953, and $4,000
in 1954 to 1957. The next highest
deduct¬
will
of
a
Sept. 1, 1945. Denomination
est
less than all of the notes
Aug.
awarded
1036—were
l^s, at
as
ible in
determining the net inter¬
cost, and interest shall be com¬
puted from Sept. 15, 1945, to the
maturity date.
No proposal for
p.
refund¬
$37,000
to the First National Bank,
laca,
a
Offering
Jacobson, Secretary of the Board
of Education, will receive sealed
fered, if
Erin
Moore
31—v.
Munici¬
1953.
of
$4,196,000 and bring to
grand total of $25,288,000 the re¬
Approved—The
recently an issue
to 4% refunding
bonds. Due in 1948 to 1974, calla¬
ble
$296,000 between 1946 and
of
debt
total
in the State's debt
Citv, La.
< Bonds Voted—An Issue of $60,-
have
;
ductions
jointly,
For $44,000, 3s,
•V .$86,Q00, 2s, and
Bonds
pal Finance Commission is said to
January,
Payments for the entire
the
(P. O. East
Detroit), Mich.
' ? ; 1
the latest
in
in¬
East Detroit Sch. Dist.
re¬
1939.
Weil & Arnold,
Oil
took
of
the
to
coaches.
half the total of $48,247,000 in outstanding bonds when
he
Equitable Securities Corp.,
Kingsbury & Alvis,
Glas & Crane, and
$109^000, 1
the
and
City and/or as
otherwise provided by law and
for the purpose of acquiring, con¬
to less than
-
$^091,000, l%s
brings
transportation
habitants
Maryland's
that
1949-1950
re¬
indebtedness
out
is
1946-1947, 1947-
1948-1949,
plying
Governor O'Conor noted.
pointed
It
1950-1951 for the purpose of sup¬
$22,959,000, the lowest in 20
years,
He
an
1948,
$2,035,000 during August.
total
—
structing, purchasing, maintaining
and
operating
gasoline
motor
bonded indebtedness had been
The "State's
For $11,000, 2V4S, and
that
1945-1946,
years
Bond Debt at Low Figure—The
jointly,
water
ac¬
Maryland (State of)
recently
Planned
Issuance
$1,500,000 notes against the
of the
Department of
Street
Railways
for
the
fiscal
Maryland.
ported
tenders
revenues
Baltimore, and
are said to be
exempt from State,
county and municipal taxes in
office
15, 1939, Apr. 16, 1939,
1, 1940. The amount of
funds available for specific issues
may be obtained upon request. No
tenders above par and accrued in¬
and Mar.
issue
to
of
Comptroller's
dated Feb.
order of maturities
Schneid¬
sealed
to; McDonald, Moore & Co:, of De¬ bids until 8 p.m., on Sept. 7, for
troit/ ht d price of 100.012, a net the purchase of $23,000 3% water
interest cost of 1.315%, as follows: works bonds. Dated Sept. 1, 1945.
For $92,000 maturing
$23,000 on Denomination $1,000. Due Jan. 1,
ble on any interest payment date
as follows: $1,000 in 1947 to 1961,
Mar. 1, 1946 to 1949, as
iy2s, and
at the principal amount thereof
$23,000 maturing on Mar. 1, 1950, and $2,000 in 1962 to 1965. Option
and accrued interest.
as Is.
Dated July 1, 1945. Denom¬ of payment by the obligor at par
To
Issue
Notes—Charles
G.
ination $1,000. Other bidders were: and accrued interest, on any in¬
Oakman, City Controller, has an¬
terest payment date. Principal and
Bidder—
Price Bid
nounced that the City intends to
interest payable at the State Bank
First of Michigan
cording to maturity.
They are
being offered subject to approval
of legality by Niles,
Barton, Mor¬
Commercial Bank & Trust
Co., Covington, and
Deposit Guaranty Bank &
Trust Co., Jackson,
voted at
Investment
successful
bidders
reoffered the above bonds for
general
duced by
000
for
—The
highway refund¬
ing bonds all of which issues are
missioners has announced that
582,000, as follows: $5,500,000 sew¬
age disposal system, Series J, and
$3,082,000 sewage disposal system,
refunding, Series K bonds.' Calla¬
E. H. Rollins
State
..
100.59
Phelps, Fenn & Co.,
Paine, Webber, Jackson &
Curtis,
National Bank of Commerce,
New Orleans,
Wplton-Hamp Jones Co.,
.
Boyce, and
—
Price Bid
Johp, Dane,
-
&
date called.
on
Detroit, Mich.
Other bids:
Bidder—
;
Co.,
3aker, Watts & Co.,
jointly
sale on
cost; of about 1.505%,
ceases
by Charles G. Oakman,
City Controller, that the city in¬
tends to provide for the authoriza¬
tion and issuance by the Common
Council, pursuant to Act 94 of the
Public Acts of 1933, as amended,
of revenue bonds aggregating $8,-
Co.,
the purchase of
interest, the above District's issue
1939, series A bonds Nos. 7, 22,
30 and 36, and series B, Nos. 3 terest can be considered. and 6. These bonds are dated Apr.
Oakland County (P. O. Pontiac),
1, 1939. Said bonds should be pre¬
Michigan
sented to the Detroit Trust Co.,
No Tenders—The Secretary of
Detroit,
for
payment.
Interest the Board of
County Road Com¬
of
Bond
Chicago,
Thomas
No. 2 (P. O. Gretna), La.
Bond Sale—The $250,000
improvement
Northern
J
stated
Baltimore,
613—were
Neto' Orleans,and the
Equitable
Securities Corp., jointly.
Dated
Trust
•
District Secretary, calls for pay¬
ment on Oct. 1, at par and accrued
For
Crowley), La.
'
—
& Trust
Singer, Deane & Scribner,
jointly
*.100.115
4 Acadia Parish, Fourth
,
v
v-
Township Sch. Dist. No. 10
(P. O. Fraser), Mich.
Bond Call
Prince- Drewry,
3raun, Bosworth & Co., Inc.,
of Louisville.
*'•
Clinton
Louis
Park,
^rnn*
Bond Sale Details—The
sewer
warrants
27
the
to
_nnfli
$17>M
awarded on Aug.
Northwestern
National
Bank, of Minneapolis, as IV4S, 31
a price of 100.05—v. 162, p. 103b—
mature on Sept.; 15, as follow$1,000 in 1946, $2,000 in 1947 to
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162
Volume
above Borough.. The sum avail¬
refinancing of its entire outstand¬
$1,000 in 1952 to 1957.
able for this purpose is $28,000. ing bonded debt.
Authority for the
bonds are in the denomma- Those holders
desiring to offer refunding has been granted by
0f $1,000. Net income basis
warrants
should
enclose
their the New York State Comptroller,
of about 1.24%.
tenders in plain sealed envelopes who is
required by the statute to
Watertowii, Minn*
■
marked
"Tenders
of
Interest pass on any refunding of debt pro¬
Bonds Voted-At a recent elec¬ Funding Warrants", addressed to posed by any of the State's po¬
and
iqci
These
tion
ance
the voters approved the
of $12,000 water main
issu¬
con-
Suction bonds by a wide margin.
the Board of
Liquidation for the
Borough of Fort Lee, 1011 Pal¬
isade Ave., Fort Lee, N. J.
MISSISSIPPI
Gloucester
Miss.
Gulf port,
'
Election Cancelled—It is
by Ivan Ballenger, City
that the election which had
Bond
.fated
rierk
been
have
scheduled for Sept. 11, to
the issu¬
the voters pass on
purchase
of $80,000 hospital
bonds, was cancelled.
ance
Newton
No
2
County,
(P» O.
City, N. J.
Bond Sale —The $190,000
Supervisors Dist.
Decatur), Miss.
2%%
refunding
semi-annual
coupon
bonds offered for sale
162,
—v.
Aug. 30
927—were awarded to
p.
of
about
2.495%.
Dated
June
1,
1945. Denomination $1,000. These
bonds are due on Oct. 1, as fol¬
lows: $28,000 in 1960 to 1964, $29,-
000 in 1965, and
Long Beach program was
approved in recognition of the
strongly improved financial con¬
dition of the city, factual evidence
obtained
was
by
as
$21,000 in 1966.
result of
selves"
Long
a
visits
to
the
well-known
Island
community.
Two
of financial experts par¬
ticipated in "on the spot" investi¬
gations of the city's physical plant,
groups
its
financial and, real
his¬
estate
tory^ tax structure, probable fu¬
ture
Guaranty
New
Tippah County Industrial Dist.
1 (P. O. Ripley), Miss.
No.
^
New
the
Jersey (State of)
Sale—The $100,000
Municipal Statistics Again Be¬
industrial plant bonds submitted ing Compiled—Resumption of the
to the voters at the election held
annual
publication of compiled
i on Sept. 1 will be issued.;
municipal
statistics
was
an¬
Plans Bond
nounced on Aug. 30 by the New
City, Miss.
Taxpayers
Association.
Details—The $300,- Jersey
Wartime
printing difficulties
000 electric light and water works
bonds awarded on Aug. 27 to the forced suspension of the booklet
Delta
National
Bank and the last year.
Yazoo
Sale
Bond
| Bank of Yazoo City, both of Ya¬
zoo
City, jointly, at a price of
100.05, a net interest
cost of
1.174%, for $150,000, as Is, and
$150,000, as iy4s,—v. 162, p. 1036
received
the
following
—also
bids:
Bidder
,
For
Price Bid
.
John Dane,;
;
<
$300,000, lV4s
100.25
Scharff & Jones,
100.02
Issuance
$150,000, l.%s, and
$150,000, iy4s
Bullington-Schas & Co.,
100.12
Pending
Board of Trustees
—
The
informed
were
Walter T. Wittman,
Attorney for the District, that the
Attorney-General has approved
by
recently
For
proceedings authorizing a $30,000
.
For
$150,000, l%s, and
$150,000, iy4s
-___100.11
Walton-Hamp Jones Co.,
For $150,000, l%s, and
$150,000, iy4s
--100.02
Lewis & Co.,
For $150,000, 2s, and
$150,000, iy4s
100.06
construction bond issue.
—
Bond Issuance Authorized—The
Board
Trustees
of
issue
to
Bids
bonds.
been
has
au¬
Attorney-General
thorized by the
$30,000
construction
for, the project will
of
Board
10, and the
will then determine wheth¬
or
not
or
Webster Groves, Mo.
Bond
Election — An
issue
less, will be issued.
be
received
Wall
election to be held
at
an
.4
;?v.a"r
,»-
.
•
'*•
'1
•.
"•
$30,000 bonds,
: ■
Musselshell County (P. O.
Central Hanover Bank
&
$5,000
Purchased—A
total
cently
Passed
Reading
First
on
Or¬
NEW
at
were
a
Ogallala, Neb.
T
J.
'
Bonds Sold—It is stated by F.
Sibal, City Clerk, that $15,000
Park
Site
purchase
Memorial
bonds approved
by the voters last
January, have been sold to the
First Trust Co., of Lincoln.
Feb.
Co., New York
as
fol¬
has
condition
contract with the
bondholders during the life of the
bonds.
,
r.
The city, a resort
veloped into
which has de¬
community of year-
a
round residents and home-owners,
had
time
one
of
debt
a
$8,-
000,000. "It would be totally im¬
possible,"
the Mayor
explains,
"again ever to recreate such a
debt. All municipal improvements
are
There will
in.
need for
be
further
no
major expenditures
for
basic
facilities.
The
city's
50 miles of streets are entirely
any
Our sanitation, water and
facilities are all in."
revealed
also
in
that
the
fiscal year, the city had
conveyed title to $603,240 of prop¬
erty, representing an assessed val¬
uation of more than $2,000,000 re¬
must
_
Trust
Bank
Co., New York
of
New
York__
Public National
& Trust
New
Bank
350,000
•
Co.,
York
Marine
625,000
350,000
Midland Trust
Co., New York
Commercial
250,000
National
Bank & Trust
Co.,
York
New
225,000
Brooklyn Trust Co.
States
__
Trust
200,000
100,000
by the issuer will be set forth in
a regulation issued by the Comp¬
100,000
troller.
York
Quay County Municipal Sch. Dist.
No. I (P. O. Tucumcari),
New Mexico
Offering—Merle D. Eager,
Bond
Treasurer/ will receive
sealed bids until -5 p.m. on Sept.
27, for the purchase of $172,000
general obligation school, bonds,
to bear not exceeding 2% interest.
Dated
Nov.
Denomina¬
1945.
1,
$1,000. Due Nov. 1, as fol¬
lows: $17,000 in 1947 to 1954, and
tion
$18,000 in
1955
unconditional
Only
1956.
and
bids
will
be
ac¬
the
While
new
code
Obligations authorized prior
be sold
statutory
in ac¬
provi¬
sions previously in effect, or the
issuer may elect to comply with
may
with
statute.
ance
said
too, that the city, although a resi¬
dential
community, takes in a
implement
provides for the issu¬
by New York State munici¬
pal governments of several types
indebtedness, as follows: Serial
of
of New York.
alternative
this
method, the Department of Audit
and control will keep and make
available to any prospective bor¬
rower a copy of the list of eligible
dealers. To be represented mn the
list, dealers are required to make
a
request in writing to that ef¬
fect to the Comptroller. * While
the latter will not specify »,nqmes
of the dealers to whom
the,bond
sale notice is to be sent,
}ier,y/iU
mipjiftum
advise the issuer of the
number of dealers which
informed of the offering.
m^ be
No newspaper publicity
11
of any
w i 11
be necessary
bond issue.of not,more
description
where
a
than $10,000 is to be sold for the
purchase of highway machinery or
equipment, school busses andjire
apparatus. In such instances, the
notice of sale is to be forwarded
to
as
a
specified number of dealers
Comptroller),
set forth by the
The
will
State's
also
contents
The latter
turned
He
,
To
to the effective date of the statute,
incidentally,
customarily ^com¬
number of dealers thus contacted
largely continues in effect" the
provisions of the former statute,
it also includes several new provi¬
new
among
pete for New York State. mu¬
nicipal
bonds.
The
minimum
setting forth the procedure
governing the creation of debt by
local public bodies, becomes ef¬
the
notice
125,000
Law,
cordance
the
which
Co., New York
Bank,
Avenue
Kings County Trust
sions.
circularize
dealers
porate stock, bond anticipation
notes, tax anticipation notes, rev¬
enue
anticipation notes, .capital
notes and budget notes. Issues of
sinking fund bonds or corporate
stock remain, as heretofore, the
exclusive prerogative of the City
rolls.
.
York
Trust
fective.
public, <saje,
150,000
Continental Bank &
New
at
instance, the notice of sale may
be published in a New York City
financial newspaper, which will
be designated by the State Comp¬
troller.
Where this is done, the
municipality is relieved of,the Re¬
sponsibility of giving any jOtfyer
publicity to the offering. Present
Comptroller is Frank C. Moore. *
However,
the borrower J' ma,y
publish the announcement; hpjja
newspaper of its own choice, Jand,
in such election, is also required
to
Co.,
New York
bonds, sinking fund bonds or cor¬
the tax
offered
be
w
several methods of procedure are
available to borrowers. In the first
current
to
7
issues-that
Co., New York
1,000,000
J. P. Morgan & Co., Inc. 750,000
New York Trust Co.
725,000
Corn Exchange Bank
Co.
a
"bonds."
With respect to bond
1,050,000
Bank of The Manhattan
been
law constitutes
is$i$rer
ly to change the terminology (pf
the obligations from "certificates"
to
New York
New
financial
$10,000, and bearing an interest
rate of not more than 21i&%, which
intended to finance purchase
of. highway machinery. Issues of
the latter
type, however, must
have been authorized pursuant to
the provisions of Section 142 of
the State's highway law.
'..j,
Heretofore, towns were, #>§rmitted to sell privately fou^year
certificates
of
indebtednessv. for
highway machinery purposes,, and
the effect of the new law
Irving Trust Co.,
lows:
"Our
pension fund, and (3) in
of issues not exceeding
1,050,000
First National Bank,
New York.
Empire Trust Co.,
achieved, stated
or
case
1,225,00C
____
has been
beach
County
NEBRASKA
on
1,550,000
;
Chemical Bank & Trust
of
yearly income from rentals and
park admissions exceeding
MEXICO
refunding
1,1937,
bonds will be due
Co.,
York
Mayor Theodore Ornstein, under
whose administration the record
He
New Jersey
of
bonds,
dated
purchased re¬
price of 99,75, and
$7,000, at 99.25, as a result of the
call for tenders on
Sept. 5.
March
maturities
Trust
New
Fifth
paved.
Roundup), Mont.
Bonds
first
1,725,000
1, 1946.
By way of illustrating the fac¬
tors
responsible for the city's
"present exceptional fiscal health,"
sewage
the Town¬
ship Committee passed on the
first reading an ordinance calling
for an issue of $7,600 road im¬
provement bonds or notes.
MONTANA
:
the full
dinance—On Aug. 22,
Oct. 2.
on
Sept.
on
Township (P. O. Belmar),
$800,000 improvement bonds will
be submitted to the voters
Co.,
United
at
er
——
MISSOURI
3,200,00C
75,000
improved by (1) the liqui¬
Fulton Trust Co.,
dation of our entire floating debt;
The
Association's
booklet
New York
50,000
(2) adoption of a cash pay-as-yousets forth tax rates and net valu¬
Title Guarantee &
ations taxable for all New Jersey go budget plan, which prevents
Trust Co., New York
future floating debt;
50,000
(3) a law
municipalities. Figures listed are
for the years 1945, 1944, 1943 and requiring non-extension of taxes
New York (State of)
on
property over which the city
1936. A cost-price of 25 cents per
New Local Finance Law Pro¬
acquires tax liens; (4) a local law visions—
copy is charged for the booklet;
requiring a referendum of tax¬
the Association said.
Attention of dealers and invest¬
payers before borrowing for capi¬
ors in municipals is called to the
Paramus Sch. Dist. (P. O.
tal improvements." Mr. Ornstein
fact that on Sept. 1 the State of
Paramus), N. J.
pointed out that the cash budget New York's new Local Finance
Bond
For $300,000, 1Y4s
Kingsbury & Alvis,
new
The
\
Trust Co.,
York
fund
the
are
Manufacturers Trust Co.,
New York
1,625,000
B
charges.
3,875,000
Bankers Trust
„
for payment.
York
New
recent "see for your¬
growth and other relevant
Details—The $14,Bond Call—Daniel J. Lane, City factors on
July 25 and Aug 29.
527 35
2 V2%
funding bonds Clerk, has announced that the
The forthcoming refunding is¬
awarded recently to the Newton 3172% refunding bonds Nos. 1269 sue will be dated on or before
County Bank, of Newton—v. 162, to 1817, being all the outstand-,,
Nov. 1, 1945 and will be entirely
927
were sold at par and ma¬ ing bonds of an
original issue of liquidated in 13 years and three
ture on June 1, as follows: $572.35
$1,817,000, dated April 1, 1943, months, according to City Auditor
in 1946, $1,000 in 1947 to 1954, and
maturing in 1960 to 1965, are John B. McCabe, who also pointed
$2 000 in
1955 to 1957.
These called for payment on Oct. 1, at out that the
refunding will result
bonds are dated June 1, 1945. Le¬ a redemption price of 103 and in a
savings to the city of more
gality approved by Charles & accrued interest and should be than
$1,000,000 in net interest
Trauernicht, of St. Louis.
presented to the City Treasurer
Sale
Bond
National
repre¬
sentatives of investment houses
a
Bank,
._>$4,575,000
City Bank,
New York
The
of which
National
New York"
litical subdivisions.
on
Boland, Saffin & Co., of New
York, at a price of 100.078, a basis
Chase
1221
and
this
,
chief fiscal
specify
the
not
farmland
sale notice
of the bond
is
officer
likely to deviate
from the provisions
previously in vogue.
Again; as in the past, aWard
will be determined on the basis of
materially
the bid naming
interest.
specifying
the lowest rate of
multiple
bids
Where
the
terest rate are
lowest '"in¬
same
received, the Offer
naming the highest premium' Will
get the award.
Finally, where the
permits the naming
of more than one rate of interest,
award to be made to the bidder
notice of sale
Capital notes constitute a new
type of permissible indebtedness naming the lowest net interest
and
are
intended primarily to cost.
munity is 100%," Ornstein said,
"and the economic position of our cover financial requirements of
The new law strictly prohibits
improvements, cost
of the amending of an original bid
residents is far above that of the capital
which may be liquidated in not either by telegraph or telephone.
average American town. We have
more than two intalments without
no depressed area in Long Beach;
Any change in terms can only'be
and in recent years our tax col-? causing hardship to taxpayers. In made
by delivery of a sealed
lections have reached close to addition, they may be issued to amendment to the initial bid to
provide the "down payments" the appropriate municipal official
100%."
which the original and new law prior to the time set for opening
Financial men who have exam¬
requires in the case of most mu¬ of bids.
ined the city's financial structure
nicipal improvements or projects
It goes without saying that the
express themselves as impressed
to be financed through a bond
credit rating and debt structures
with what has been achieved. !The
$5,000,000.
"The literacy
rate of the com¬
1
All bidders, shall submit
issue.
of
New
York
State
municipal
bonds to be issued for the purpose
proposals specifying: (a) the low¬
Such
capital notes, also all bodies are
of refunding the city's indebted¬
currently on probably
est rate of interest and premium,
other descriptions of permissible
Keene, N. H.
the most favorab! e basis in more
ness
will consist of two issues:
Note Sale Details—The
short-term debt, may be disposed
$200,000 if any, above par at which such
than a decade. Naturally, much
(1) general refunding bonds in
revenue notes awarded recently bidder will purchase said bonds;
of at private sale, after such pub¬
of the improvement was a diRect
the amount of $3,799,000, (2) water
-—v.
162, p. 1036—were sold at a and (b) the lowest rate of inter¬
licity, if any, the borrower deems
discount of 0.333% to the First est at which the bidder will pur¬ refunding bonds in the amount necessary • or. desirable. This, of consequence of the war •economy,
which resulted in boomtime Rev¬
of $1,580,000.
; v;-;;..
National Bank, of Boston.
chase said bonds at par. Enclose
•
course, does not preclude a pub¬
enues'' and a: sharp'curtailment* in
a
certified check for 5% of the
lic sale should the borrower so
New York, N. Y.
'
debt incurrence. "
cepted.
NEW HAMPSHIRE
v
.
amount of the bid.
NEW JERSEY-.
Fort Lee, N. J.
Tenders " Wanted — Josiah
*
Revenue
Hewitt, Treasurer
of the Board of
•liquidation for the Borough, has
announced .that the Board
receive sealed bids until 2
will
p.m. On
kept. 25
terest
for
the
1
M.
purchase
funding ;_warrants
of in¬
of. the
Bond
NEW YORK
?
Long Beach, N. Y.
Offering — The City
000,000
of
Long Beach, N. Y., is asking for
sealed bids until Oct.
sue
of $5,379,000
purpose
1
on
Bills
Sold—Joseph D.
McGoldrick,
City
Comptroller,
sold on Aug. 31 a block of $25,-
-r
an
is¬
refunding bonds,
of which is to provide for
revenue,
bills
The bills are dated
at
0.50%.
Aug. 31, 1945,
1945." The
and mature on Oot. 15,
partjmnrtin? berks end trust comred thei" allotments are as
follows:.
.i
v:
elect
'' Vv"5UV.
■
However,
the
present '^ex¬
has always
proponent of bond sales ceptionally favorable fiscal status
now enjoyed by local governments
via the sealed bid method and this
reflects
in
large
measure^ the
policy is continued in the new
benefits accruing from, the sound
law.
Exceptions are permitted
monetary
procedures
followed
where the, bonds are to be sold
under the supervision of Comp(1) to the United States Govo-r>
ment; (2) to the issuer's sinking troller Frank C. Moore. Probably
New
been
York
State
a
it
r
r.
V
& FINANCIAL CHRONICLE
THE COMMERCIAL
1222
K
.
Monday, September
••'t v
1Q.
'
*the
vy
most
change
important
wrought by Mr. Moore was to en-
finances
their
the
in
If the successful bidder for the
strongest
Series
possible condition.
*
i X'i
\r i ,\
>Vt.
'
V/.'v
/"•'v
Op
>' >>■.
•
'
rate of
status of local
units will be further strengthened
permanently with adoption by the
State Legislature of the program
debtedness.
i
Prior to his taking office, a con¬ of State financial aid developed
siderable number cf taxing units by a commission headed by Comp¬
This program, in
had followed the dangerous prac¬ troller Moore.
tice of maintaining much of their brief, will eliminate much of the
debt interminably.
Instead of past uncertainty and disappoint¬
making provision in the budget ment experienced by municipal
officials with respect to participa¬
or otherwise for the payment of
yearly' bond issue maturities, tion in revenues collected by the
they simply continued the obliga¬ central* government and shared
tion5 by issuing refunding bonds. with local governments.
This policy, coupled, with neces¬
Comptroller Issues Order — An
sitous- emissions
for
municipal official order implementing the
officials
on
their Responsibilities with respect
to
the
extinguishment
of
in¬
v>
Itt
V%
m
■yp
m
5§l
plant improvements, etc., served
to bring the- total debt burden,
[,4
in
m
instances,
some
the
manipulation of tax rates and
valuations
assessed
•''V/.
dangerous
to
In addition, it encouraged
levels.
in
manner
a
'highly prejudicial to the economic
"
''Hi
the
of
♦«p
well-being
I'lfi,
municipality
and its taxpayers.
■I'V
It
t!':f
be said
may
in passing that
this policy of
of
"postponing the day
reckoning," was by no means
1
peculiar to public bodies in the
State of New York.
As a matter
of fact, it was widely followed by
municipal governments generally
and stands high on the list of the
'•#S
•'iV-d
of the acute financial dif¬
causes
«)fU
the
Moreover,
municipal
lighten
of
requirements
the
Law has
Finance
issued
Port
least
bonds
the latter
of
sale
including
and
at
a
to
the
35
least
persons,
be
compiled
and
ii
Insofar
A-'l
have
New* York
as
State
is
concerned, however, it was not
until Comptroller Moore took of¬
fice that the refunding evil was
officially recognized as such and;
steps taken toward its eradication.
To this end, Mr. Moore initiated
the practice of sharply scrutiniz¬
ing applications of local govern¬
ments
for authority to
refund
maturing indebtedness and the re¬
sults of his vigilance was clearly
."\4
/'<V&
*<H
*4
i
in his report for 1943,
the first full year of his guard¬
apparent
m
ianship.
During this period, the record
■ti'h
showed
M
were
:M{i-
that
local
960 of
permitted to refund $8,151,-
maturing bonds, as against
$22,193,000 in 1942 (Mr. Moore
44
took
office
in
November
of
that
year); $10,360,950 in 1941, and $23,266,400 in 1940. Of all requests for
:M:
refunding permission made dur¬
no less than 41% were
either
rejected by the Comp¬
■iW
ing 1943,
ll
troller
withdrawn. No such ap¬
or
W;
plication
M,
earlier ; year, however, and only
2% were turned down in 1940 and
1941.
r
4'
•
it
~i;i
i.
While
disapproved in the
was
Comptroller Moore thus
lost little time in
eliminating what
names
appear
offer
them
Sept.
for sale
until
After
a
bond issue will
or
pon
in
Howard
S.
equally alert to the need for
improvement in conduct of the
hh,
finances
:w
ment.
this
1
the
of
State
govern¬
Among his contributions in
direction
was
adoption
by
the State, in 1943, of the policy of
issuing its bonds in callable form,
effect of which is to make it
one
possible for the State to speed up.
the retirement of indebtedness.
4; t?
* t
.
U.
Also,
hl(!*!$
in
year was
kii
1943, the State's fiscal
changed to more closely
harmonize with the
revenues.
This
collection
change
of
large¬
ly responsible for the State being
ableJ to avoid any revenue an¬
was
ticipation borrowing in that
v
The significance of this
year,
devel¬
opment on the State's finances is
emphasized in the fact that in¬
terest requirements on short-term
loans
were
almost
$4,000,000
announced
that
when money rates were
and even $420,000 in 1942,
when
the opposite condition pre¬
»*:
vailed.
t
i
'* t~
&
'i~
■{ f
i
)■
i
With the State's coffers bulg¬
ing as a result of wartime con¬
ditions, there naturally has been
no- necessity
for any short-term
borrowing in either 1944 or 1945.
However,
return of a
the value of the
with the
normal economy,
policies enunciated by Mr. Moore
ft
.14
ceive
Comptroller,
sealed
bids
until
will
Sept.
re¬
20
for the purchase of the following
bonds amounting to $571,884.18:
to
10
be
in
one
to
in
one
29,116
to
bonds.
Due
Delinquent
Due
in
City
one
bonds.
Due
in
one
to
five
cou¬
349,360.28
Due in
Pension
one
NORTH
Fund
bonds.
to five years.
the financing op¬
erations of the State and its local
issu*
voters
at
be held
the
general
th!
to
election
November.
in
to
•
Hudson, Ohio
.>
Tenders Wanted-William
„
*
hospital
W
Schilts, Village Clerk, will
receive
sealed tenders until
noon on
Sent
11 for the purchase of
bonds,
dated
refunding
Jan.
1,
1939
amount
available, in
cial Assessment Bond
.Fund
the
The
Soe
Retirement
applicable to the
payment
principal of (said bonds h
$5,000. Tenders should contain
a
description of the bonds by
issue
of
amount
of
issue, payable to the City.
Election
1947
bonds
to
of
the voters at the
to
election to be held in
These
issue
bonds will
purpose
submitted
November.
due
$1,500 in
and $2,000 in 1951
are
1950,
construction
hattan and Newark union motor
Broadview
of less-truckload freight, reduce
street traffic congestion and per¬
mit lower local trucking and ter¬
fire
will
issue
An
—
station
bonds
and
be
of
equip¬
submitted
to
the voters at the general election
to be held in November.
minal
000
noon on Sept.
Currie,; Director of
Finance, for the purchase of $600,-
24
over-the-road
by
John
refunding general obligation
bonds. Coupon bonds bearing not
to
exceed
3% interest, payable
M-N. Denomination $1,000. Dat¬
ed Oct. 1, 1945.
Due on Nov. 1;
$200,000 in 1953, and $400,000 in
carriers. Actual construc¬
projects will
begin as soon as materials are
available and they will be ready
for operation by the Port Author¬
ity in January, 1947.
Building, Cincinnati 2,
the
nounce
completion
fourth
bonds,
copies
of
i
an-1
the
annual
compilation of the
firm's ratings for Ohio
municipal
obtained
of
from
request.
upon
which
the
may be
bond house
These ratings, Mr.
Issue
future
an
construction
issue
bonds
—
The
of hospital
amounting to
$175,000.
Carroll
says,
composite Consideration of
the
general
election
in November the voters
will be asked to pass on the
pro¬
posed issuance of $116,000 grand¬
construction
the
debt
burden, the di¬
industry rating,
the population
rating, and certain
other factors, for each
community
in the State.
/
The diversification and
popula¬
tion ratings,
/
are
tak¬
from White's "Analysis of Mu¬
nicipal Bonds," which represents
a
and
new
revealing
political
subdivisions
all parts of the country.
ap¬
the
current
in
.
compilation of
revised ratings for Ohio subdivi¬
sions the debt burdens are revised
to Jan.
are
1, 1945, and, as formerly,
upon the ration of net
based
direct
bonds.
more
proach in assessing the investment
qualities of the obligations of nu¬
In
Election—At
in
as
of
Ohio
stand
overall
versification
merous h
County (P. O. Carrollton),
Bond
a
represent
en
Considered
City Council will consider in the
near
White
incidentally,
Bucyrus, Ohio
Bond
and
overlapping
debt to
the assessed valuation.
Bond
be received until 12
(State of)
Ratings on Local Mu¬
nicipals—J. A. White & Co., Union
the
Ohio
Heights,
Election
$20,000
November.,
Akron, Ohio
Bond Offering—Sealed bids will
Ohio
Revised
past
1968.
to
Cuyahoga County (P. O.
Cleveland), Ohio
OHIO
Trustees.
Central
Dist., Ohio
An
—
-
certified
a
the
of
.
.
of the
the voters at the general election
to be held in
Call —Frank
In
Husak,
Clerk of the
County Board of
Commissioners, calls for payment
October 1, the
on
and
following 41/2%
4%% refunding bonds:
Series A, Nos. A-581 to
to the amount of
letter
a
accompanying a
ratings, J. Austin
White, head of J. A. White & Co.,
of
copy
J.
states
Ohio
the
that
the
which
subdivisions
show
the
most
in
im¬
provement since the 1944 compila¬
tion are as follows:
A-1160,
Akron City, the rating for which
$580,000.
Part
increased from B 51 to BB 68;
original issue of $1,160,000.1
Akron * School District which in¬
Series B, Nos. B-1051 to
B-2100,
creased from BB 60 to BB 77; Lima
to the amount of
$1,045,000. Part
of
an
School
District, from A 113 to AA
323; Ironton School District, from
80; Shaker Heights
All bonds dated Oct.
1954. Principal and (interest
1, 1935,' City and School
pay¬
District, from
In connection with the bond able at the office of the Director maturing April and Oct. 1, 1946.
BBB
90
to
BBB' 98; Lawrence
-Holders of said bonds should
issue, the rate of interest, not ex¬ of Finance.
County/from BB 77 to BBB 89;
Bid or bids for said bonds will present same with all unmatured
ceeding 2%, is to be named by
and Summit County, from B 58
coupons attached for payment at
be
received
based
the bidder in multiples of
upon
their
to BB 76.
The improvement in
the County Treasurer's office.
The issue, designated Series J bearing a rate of interest in frac¬
'practically all cases is due to
of
1% or multiple
bonds, "will be the first long- tions of
Cuyahoga Heights (P. d. R. F. P., the reduction; in debt burdens ef¬
term bonds issued by the Port thereof, and that the bonds will
fected between 1/1/44 and 1/1745.
Brooklyn Station, Cleveland),
Authority since 1931 which are be awarded to. the highest bid
Practically all cities and counties
Ohio
;
not general and refunding bonds based upon the lowest rate of in¬
in the State shared in this reduce
Bond Offering—Henry J. Domwithin the scope of the Basic Res¬ terest, said bonds.to be sold for
zalski, Village Clerk, will receive tion of debt burden, but in vary¬
olution authorizing the sale of not less than par and accrued in¬
ing degree^,; says Mr. 'White.
sealed bids until noon on
Sept. 11,
terest to date of delivery.
Port Authority
Bonds for the
securities," Mr.
Bond
purchase of $600,000 3%
Prices
Higher — J. A.
will be furnished by the City and
Cullman explained.
"They will
second
issue,
Cuyahoga River White & Co., Cincinnati, reported
therefore," he continued, "be pay¬ delivery made to the purchaser at Purification bonds. Dated
Septal, under .date; of jSept. 5 as follows:
able out of the revenues of the the office of the Director of Fi¬
1945. Denomination $1,000.
Due
Bids in the
Ohio
municipal
nance.
*
two motor truck terminal
/
proj¬
$30,000 Dec, 1, 1947 to 1966,'Is-i market have'
All" bids must be accompanied
ects and the
strengthened some-*
Authority's General
sued
to provide funds for the
what during the past week and
Reserve Fund." General and re¬ by a certified check made payable
construction, of an intercepting or our index
of the yield on 20 Ohio
funding bonds, it is noted, are to the Director of Finance, for 2% trunk sewer to
comply with the bonds now stands at 1.40%
r com¬
payable out- of the pooled reve¬ of the amount bid for. All bids order of
the State Department of
pared with T i44% a week ago. The
are subject
nues of all facilities owned and
to approval of bid¬
Health, and are issued under au¬ indices for the 1Q
der's attorney as to legality of is¬
high grade and
operated by the agency, as well
thority of the Uniform Bond Act the 10 low
grade bonds both moved
as out of the General Reserve.
sue, approving opinion to be paid and
Sections 1259 and 1259-1 of
up similarly, the yield declining
for by the purchaser.
The Port Authority Chairman
the General
Code, arid pursuant to 1.19% on the high grades and
pointed out that the Series J
to an ordinance of the
Alliance, Ohio
Village to 1.62% on the lower grades, from
bonds will include a mandatory
Bond Offering—F, H. Grenisen^ and are payable from taxes levied
1.23% and 1.66% a week ago.
conversion feature. The Port Au¬ City Auditor, will receive,
sealed inside the tax limitations.
The
thority and the bond buyer would bids until noon on Sept. 19, for proceedings looking to the issu¬
Troy, Ohio
of
an original issue of
Denomination $1,000.
>
-
$2,090,000.
-
BB 69 to BBB
.
,
,
^
-
agree to
the conversion of the
bonds into general and refunding
the purchase of $400,000 2% water
works coupon bonds. Dated'TSfept?
1.
1945.
Denomination ' $1,000.
governments, will once again at¬
Mean¬
become
eligible for such conver¬
sion under the terms of the Basic
$16,000 Sept. 1, 1947 to 1971.
Subject to call for redemption at
par and accrued interest as fol¬
already stated, the State
and its. political counterparts en¬
ter into the post-war period with
Resolution.
lows:
tain their true significance.
Enclose
1%
the
to
expense
Blue Ash Local Sch.
CAROLINA
bonds
as
said
bi-
with respect to
while,
for
check
years.
freight terminals, which are de¬
signed to expedite the handling
for
municipality.
five
22,407.90 Delinquent County Tax
Authority's proposed Man¬
costs
be
purchasers at the
Tax
to
years.
a.m.
finance
the
constructing general
- improvements
and
payable from taxes to be
ment
five years.
to
bonds.
Due
10 years.
10,000 Public Imp.
Proceeds of the issue will
used
of the
V4 of
Said
multiples of
of
Bond
('■
Hickory, N. C.
will receive sealed
Bond Election—An issue of im¬
on
Sept. 12 on
provement
bonds amounting
to
an offering of
$7,500,000 series J,
General Reserve bonds, maturing $1,150,000, will be submitted to
in 1985.
be
Bid¬
works
water
one
State
agency
bids until 11
shall
1%, or multiples thereof.
bonds are to be issued for
years.
120,000 Public Imp. bonds.
par
a.m.
the
bonds
-
in
1933,
high,
$
the
tion work on the two
practices, he
was
City
of the Port of New York Author¬
ity, has
in
interest
be
Bond Offering—Thomas J. Nel¬
son,
Cullman, Chairman
common
s«-r,
\>
the
of
Bond
Utica, N. Y. *■
meeting of
name
the
for;
ders may bid for a different rate
$42,000 school
rate, at not to exceed 2%.
sound of local fiscal
■Oh'
'H'tf
11
redemption,
called in their inverse order.
under the law.
announced that the bidders
will be allowed to
the Port
between
2 and - 2Vz
points a bond by eliminating a
separate refunding operation after
the truck terminals
are
opened
and the projects become eligible
for such
a
refunding operation
Sept. 1, H. S. Cullman, Chair¬
man,
save
Authority
the Board of Commissioners held
on
the
one
An
$597 000 county memorial
will be
submitted
bonds
,
general and reserve
12.
re¬
maturing in any
any time called
at
are
purpose
bonds, series J, due in 1985, and
on
with
$41,000 School bonds. Due in
Authority will issue $7,500,000
its
and
general
bonds
q
Ohio
only difference will be that'
•numbers and bond
numbers.
security of the general and levied inside of tax limitations.
The proceedings looking .to the is¬
refunding bonds will be substi¬
V
Lyndhurst, Ohio
tuted for the security of the new suance of said bonds have been
Bonds Purchased—An
issue of
taken
under the supervision
issue.
of
$10,000 special improvement
bonds
According to Mr. Cullman, the Squire, Sanders & Dempsey, of
was
purchased recently by
the
mandatory conversion feature of Cleveland, O., whose approving
Village Treasury Investment
the
opinion will
furnished
Authority, N. Y.
Offering — The
above
value of
of
Series
Election
the
troller, Albany 1, New York.
Bond
newly authorized
Cambridge),
Bond
or
are
Port of New York
is probably one of the most Un¬
:
on
a
Guernsey County (P.
on any interest paying
date thereafter. If less than all of
1961,
The
list must make request in writing
to that effect to the State Comp¬
communities
;■")'{?:
their
Any
provisions of the
general
and
refunding
bonds
into which they will be converted.
experienced by State and the Comptroller's office.
Mu¬
local political subdivisions in the
nicipal bond dealers who desire to
early 30's.
March.
there¬
redemption on Sept. 1, 1955, or on
interest paying date there¬
after;
and
bonds
maturing
in
1962 to 1965 shall be subject to
call for redemption on Sept.
1,
the
ficulties
*>h
last
date
any
year
tical
list to
maintained
sold
of the Series J bonds will be iden¬
In
firms
on a
of
In either case the
dating of the bonds, interest rate,
call and sinking fund provisions
Comptroller
corporations included
Series
general and re¬
The first install¬
$12,000,000 of Ninth Series
was
Tenth
copy of the no¬
various sources,
State
second in¬
a
Ninth
funding bonds.
by
week.
into
the
the bonds into
event, the municipality
also must mail
tice
a
of
paying
interest
any
after; bonds maturing in 1966 to
1968 shall be subject to call for
coupon
rate
other than
1%%
would result in the conversion of
pub¬
newspaper
once
coupon
Authority
ment of
With respect
publicity that must be ac¬
corded
a
proposed offering of
bonds, the order specifies that the
notice of sale may be published
in the "Daily Bond Buyer" or, at
the
borrower's
option, in
any
at
a
funding bonds.
Comptroller Moore.
English language
names
1^2%, then the bonds will
stallment
to the
lished
bonds
be convertible
Local
new
been
J
of
maturity
be
on
the
same
coupon
and
Due
as soon as the new bonds
This would
probably
the date that the two motor
truck terminals
were
opened.
,
Bonds maturing
in 1969 to
1971 shall be subject to call for
redemption on Sept. 1 1951, or on
ance
taken
of
•
these
under
bonds
the
have
been
supervision
of
Squires, Sanders & Dempsey, of
Cleveland, whose approving opin¬
ion will
pense
furnished at
of The
certified
amount
the
be
Village.
check
of
Village.
said
for
the
of
Ordinance
Passed—
of
$25,000 tax anticipation notes.
ex¬
Enclose
1%
Note Issue
The City Council recently passed
an ordinance
calling for an issue
JVest Carrollton, Ohio
a
the
issue, payable to
To
Issue Bonds —The Village
Council has decided to issue $20,000 fire apparatus bonds.
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4419
162 ]
Volume
Portland, Ore.
Zanesville, Ohio
F. Stemm,
Auditor, wil receive setaled
nntil noon on Sept. 20 tor
Bond Offering—Henry
City
S
bu
of
nnrchase
$35,000 2% re-
Kg bonds.
Dated Oct. 1,1945
follows: $1,500 Apr. 1 and
nue as
2 f
1 and
$2,000 Apr.
1951*
1
%}1952 and
1953; $5,000 Apr.
? inr Oct lr-W54, and $7,000 on
Ao^ 1
C>et. 1,'1955. Interest
a O
Principal and interest P&ytie at. the City ^Treasurer s .offce Cost of legal opinion and
nriiiting of bonds to be paid for
successful bidder. A certi¬
$350 must accom¬
the bid.
:
Sinking
fied
check for
pany
OKLAHOMA
School District,
Canute
Details —The $8,000.
awarded in May
Bond Sale
Calvert &
162, p. 2497—were
net
1.21%, as
price of 100.125, a
sold at a
interest cost of about
follows:
For
$2,000
maturing
1, 1948 and 1949,
I 11/2? $5,000 maturing $1,000
on June 1, 1950 to 1954, as H4s,
and $1,000 maturing on June 1,
1955 as Is. The next highest bid¬
der 'was the J. E. Piersol Bond
Co., of Oklahoma City.
$6,000 in 1965. Rate of inter¬
est to be in
and
must
the
the
B. Cornell,
Treasurer, announced that
offering of the various Ore¬
State, county and municipal
bonds
amounting ,to
$1,310,740
(held by the City Sinking Funds),
scheduled for Sept. 10, has been
cancelled, by authority of Or¬
dinance No. 81372, passed by the
City Council on Aug. 29.
gon
PENNSYLVANIA
Bond
Issue
Approved
—
Commissioners have
County
The
ap¬
Pa.
Resolution
Bond
$50,000
Passed—On
improvement
street
will
be
sold
sponsible
all
the
to
highest
subject to
bidder
nal Affairs.
of
bonds.
son,
a
3s, at
as
basis
of
No bid for less than
income received by private hold¬
ers from bonds of the same type
and character shall be taxable by
the terms of any Federal income
tax
law, the successful bidder
at his election, be relieved
obligation under the con¬
tract to purchase the bonds and in
may,
Election
Bond
—
It
is
reported
of
to pass on
the issuance of $30,000
construction bonds.
following
called for,
are
Treasurer's
{
On Oct. 1
3Y2%
TEXAS
Archer
1966.
City Secretary, will receive
son,
sealed tenders until Sept. 13 for
the purchase of refunding
dated Apr. 1, 1940. A sum
bonds,
of $4,600 is available for the purchase
Filed—Notice
the
holders
is
bonds
of
given
being
and
to
cou¬
/
,
,
,
1941, road district
No. 2 bonds, Nos. 654 and upward.
4% series 1941, road district No.
series
3 bonds, Nos. 404
and upward.
-
3% series .1941, road district No.
7 bonds,
Nos. 725 and upward.^ >
1941, road district
bonds, Nos. 651 and up¬
series
7
ward.
Imp. Dist., Texas
Composition
Petition
Debt
dis¬
D.ue April 1,
,
4V2%
No.
Dallas, City and County Levee
i,
road
1941-B,
bonds.
1
,
4%
of such bonds.
series
No.
trict
City, Tex.
Tenders Wanted—B. D. Robert¬
;
On Oct. 15
ind
2Vz%
county road and bridge
warrants, No. 165/216. Due April
15, 1951 to 1953.
'
•?£.•
of,
pons
Court
District
of
the
that at the general election in No¬
vember the voters will be asked
$35,000 Memorial Athletic Field
on
Scully & Churchill.
Aug. 13, the Town Council passed
an ordinance
calling for an issue
construction bonds.
$10,000
July 1, 1948 to 1950.
District
Passed—On
bonds and warrants
payment at the State
due
are
bankruptcy, in the United States
Pa.
the
that
announced
office:
bonds
ing his bid will be returned. The
purchaser will receive without
charge the opinion of Burgwin,
the deposit accompany¬
case
Yardley Sch. Dist. (P. O+Yardley),
Ordinance
Dated
and judgments against,
the above district, that on Aug.
29 the said district filed its peti¬
tion for the composition of its in¬
debtedness under Chapter IX of
the Act of Congress relating to
of this
Leechburg, Pa.
Bond
0.742%.
These
re¬
accrued interest or for
less than all of the bonds will be
price of 108.513,
a
about
July 1, 1945. Denomination $1,000.
ap¬
and
par
#
'
for
proval of the authorizing proceed¬
ings by the Department of Inter¬
such
Aug. 23, the City Council passed
a
resolution calling for an issue
of
same
Principal and inter¬
est payable at the Wilkinsburg
Bank, Wilkinsburg.
The bonds
accepted.. In the event that prior
the delivery of the bonds the
proved a preliminary bond issue
of $1,500,000 to launch the first of
a series of post-war improvement
projects aggregating $50,000,000.
Jeannette,
be the
to
Allegheny County (P. O.
Pittsburgh), P.a.
$1000 on June
I
multiples of V4 of 1%
bonds.
Canfield, of Okla¬
City-v.
homa
and
Offering
Cancelled—Linwood
bonds
furniture
to
Okla.
Bond
City
the
by
Fund
1223|
the
for
Texas.
A
Hockley County (P. O. Leveland),
Texas
Defeated—An
Bonds
was
defeated at the election held
Aug. 25.
on
Northern
hearing
petition will be held
on
Irving, Texas
Warrants
on
Nov.
of
issue
$500,000 road improvement bonds
.;,
f
issue
Sold—An
;
of
$20,000 3% water works improve¬
24, 1945, at 10:30 o'clock a.m., at
ment
Courthouse No.
Aug. 30 at par, as follows: >
1, Dallas, Tex.
Not less than 10 days prior to
Nov.
creditor of the Dis¬
the plan may file
an answer to the petition contro¬
verting any of the material alle¬
gations therein and setting up any
objection he may have to the plan.
24,
any
trict affected by
warrants
awarded
were
on
$10,000 to the Irving State Bank,
Ifving. Due on Apr. 1, as fol¬
lows: $2,000 in 1946 and 1947,
and $6,000 in 1948.
;
Philadelphia, Pa.
Guymon, Okla.
SOUTH OAKOTA
Bond Call—William, W. Felton,
10,000 to the Texas Bank & Trust
Sale Details—The $50,- Clerk of
Newell Sch. Dist., S. D.
Council, has announced
Co., Dallas. Due on Apr. 1,
000 sewage disposal and extension
Bond
Offering—A.
J.
that the following 4*/4% bonds,
Smith,
as follows: $2,000 in 1946 and
bonds awarded on Feb. 15 to the.
due on Nov. 2, 1975, redeemable Clerk of the Board of Education, Claims and interests of the credi¬
First National .Bank & Tnist .Co.,
1947, and $6,000 in 1948.
" v
on Nov. 2,
1945, or at any inter¬ will receive sealed bids until Sept. tors must be filed with the clerk
Dated Feb. 1, 1945. Legality ap¬
of Oklahoma City, at a net inter¬
est period thereafter, issued on 27 for the purchase of the fol¬ of the court not less than 10 days
est cost of 1.128% —v.
161, p.
proved by W. P. Dumas, of Dallas.
Nov. 2, 1925, are being called for lowing bonds amounting to $93,prior to the date fixed for the
1934^^%ere sold at a price of
Laredo, Texas
hearing.
payment as of Nov. 2: $603,200 000:
100.18, a? follows: $37;500 matur¬
Plans Water Revenue Bond Sale
principal amount, being the re¬ $60,000 refunding bonds
Dallas County (P. O. Dallas),
ing $7,500 in 1948 to 1952, as IV4S,
—The
city plans to issue $1,mainder outstanding of bonds ag¬
33,000 funding bonds
and $12,500
Texas
maturing '$7,500 in
300,000 water revenue bonds to
gregating $4,050,000, issued pur¬
The bonds
are
Bonds Approved—At the elec¬
being offered
1953, and $5,000 in 1954, as Is.
finance acquisition of the water
Bond
suant
Tipton, Okla.
to
an
ordinance
approved
subject to
an
election to be held
Dec. 30,1919, which supplemented
on Sept. 7.
Details—The $20,-; an ordinance approved June 29,
500 water works extension bonds
TENNESSEE
1916, and authorized the creation
sold recently—v. 162, p. 1038— of a loan or loans aggregating
Nashville, Tenn.
were
awarded
to
R.
J.
Ed¬
$62,100,000;
$165,000
principal
Bond
Offering
Thomas
L.
wards, Inc., of Oklahoma City, at amount being the remainder out¬
Cummings, Mayor, will receive
a net interest cost of 1.93%. These
standing of bonds aggregating $1,sealed bids until 10 a.m. on Sept.
bonds are due $2,000 in 1948 to
050,000, issued pursuant to an or¬ 25 for the
purchase of $300,000
1956, and $2,500 in 1957. The next dinance
approved on June 2, 1925,
highest bidder was Calvert & which authorized the creation of airport coupon bonds, not exceed¬
—
Canfield.
.
:
>)
,
a
OREGON
,
Bond
Offering—Hugh E. RosDirector of Veterans' Affairs
,of the State, will receive sealed
Sept. 21, for
the
purchase of Veterans' Wel¬
fare coupon bonds amounting to
not -exceeding .4%
interest.
Dated Oct. 1, 1945. De¬
nomination $1,000.
Due Oct. 1,
1955,
Subject to optional redemp¬
tion
in
numerical
loans aggregating $29,-
or
Said bonds with all unmatured
son,
$1,000,000, at
loan
750,000.
Oregon (State of)
bids until 10 a.m. on
order,
or
in
their entirety on Oct. 1, 1950,
coupons
attached
for
sented
ment to the
must
be
pre¬
redemption and pay¬
Philadelphia National
fiscal agent of the City.
registered as to principal
alone or as to both principal and
interest must be accompanied by
Bank,
Bonds
appropriate instruments of assign¬
ment executed in blank.
Interest
ceases
on
date
called.
Financing — S.
C.
Thompson,
Chief Accountant,
has
announced that ordinances
Proposed
and
upon any interest
paying date
thereafter, upon SO days' prior authorizing the creation of an $8,published notice of proposed re¬ 000,000 councilmanic serial loan, a
demption. Principal and interest $5,000,000 serial loan and a $10,payable at the State Treasurer's 000,000 electoral serial loan are in
office. The bonds will be direct process - of passage by the City
negotiable general obligations of Council. The latter loan will be
the State, and will be sold at not submitted to the voters at the
less
than $95.00 for each $100.00
par value thereof and accrued
in¬
terest
der
rate
thereon, if any, to the bid¬
offering the lowest effective
or
rates
ceeding
®t 1
of
interest, not ex¬
effective rate
All0bids must be uncon¬
an
A%.
average
ditional, and each bidder is re¬
quested to include in his
proposal
a
statement of the total interest
J-ost is the State, provided his
to
01a
accepted and
bonds
are
maturity
none
of the
called prior to the final
date thereof. The bonds
YJJJ- Ve issued under authority of
Article XIa of the State Constitu-
;
°n»
apd
n
Chapter 403; Oregon
and are part of an
authorized issue of
$30,000,000 appuwed at the
general election in
hiHaGm
4944-- The successful
fee furnished the Un-
qualifmd
legal
Winfree,
McCunoch,
vaii!f*+'
.Portland, approving the
,.the b°nds. The bonds
w!i
K
j
opinion
of Teal,
Shuler
&
f
ered complete, with? tbe successful bidder,
PnriK,0
banking institution, in
c1n«o
as
shall name. EnthP L3 cer,tified check for 3% of
out
o
4
at
j
u0f sai<? bonds>
able tn
to the
above
tion
held
on
Aug. 25
the voters
,
Sale
Bond
Director.
Pay-
primary election
May 21, 1946.
Rochester
Dated Apr. 1,
Denomination $1,000. Due
3%
ing
1945.
Township (P. O.
aggregating
$9,city-county
hospital, and $2,000,000 highway
bonds
lowing
$7,000,000
000,000:
Ordinance
and the company on the terms
sale.
'
1, as follows: $10,000 in 1946
to 1950, $11,000 in 1951 to 1955,
$12,000 in 1956 to 1960, $13,000
in 1961
to 1965, and $14,000 in
1966 to 1970. Registerable as to
ders shall
New York City.
be
to
name
borne
multiple of
per annum.
Bid¬
rate of interest
bonds in a
one-tenth of 1%
The named rate may
by said
or
uniform for all of said bonds
be
or
a
be split so as to name not
two rates, but there
be no more than one rate
may
more
shall
than
Said bonds
the
provisions of Chapter 10 of the
for any one
are
to be
maturity.
issued pursuant to
Public Acts of Tennessee
year
1935,
First
County, Shady Grove Sch.
(P. O. Dallas), Texas
Dist.
Bonds
tion
the
suance
bonds.
El
Campo, Texas
Purchased—An
Bonds
issue of
$250,000 water revenue bonds was
bonds
are
1946
in
due
Bonds maturing in
to
1965.
1956 and there¬
amended, and will be
000
school
El Paso,
000, as IV2S, and $71;000, as 1 %s-~
162, p. 928—were sold at par,.
The next highest bid was for a
v.
price of 100.212, for l3As.
Texas
Bonds
2%
Voted —The
semi-annual
bonds submitted
the
were
election
$350,000
right of way
to the voters dt
held
on
Aug.
25,
approved.
Harris County
(P. O. Houston),
Redemption—
Defeated—The
amounting
-
to
recent election:
$35,000 library construction bonds
60,000 drainage bonds
At the same time an issue of
park improvement bonds amount¬
ing to $105,000 was defeated,
^ r
Texas
Chas. W.
Plowden,
:
$95,000 were favorably voted at a
T exas
Bond
1
City, Texas
bonds
following
Texas
bonds
improvement
awarded on Aqg. 21 to Rauscher,
Pierce & Co., of Dallas, for $54,-
Bonds Voted and
from date.
County Treasurer, has
full faith and credit obligations announced that the County has
of the City, for the payment of exercised the option granted by
which taxes will be levied with¬ Article 720, Revised Civil Statutes
out limit as to rate or amount. of the State, 1925, to redeem on
as
Taylor, Texas
Sale Details—The $J25,-
Bond
after, are optional on or after 10
years
r
Bonds Voted—An issue of
CityCounty auditorium bonds amount¬
Voted—At a recent elec¬
ing to $1,750,000 was favorably
voters approved the is¬
voted at a recent election, accord¬
of
$10,000
construction ing to report.
.
for the
Extraordinary
of
v-
San Antonio, Texas'»
Dallas
purchased recently at par, by the
Columbian Securities Corp., and
principal only. Principal and in¬
terest payable at the City Treas¬ Russ & Co., both of San Antonio,
urer's office or at the Guaranty jointly, as l%s, l%s, and 2s. These
Trust Co.,
■
construction bonds.
Passed — On
No bids will be considered offer¬ Oct.
10, on which date interest
Township Commission
ing to pay less than the par value ceases, the following bonds:
passed an ordinance calling for of said bonds
plus accrued inter¬ $550,000
3% road and bridge,
an issue of $14,000 funding bonds,
est thereon.
The award of said
series A bonds.
Nos. 451 to
to bear not exceeding 4% inter¬
bonds will be made on the basis
1,000. Dated Oct. 10, 1935.
est. Dated Sept. 1, 1945. Denom¬
of the lowest net interest cost to
514,000 3%
road and bridge,
ination $1,000.
These bonds are
the City. Comparison of the low¬
series B, bonds.
Nos. 1,451
due $2,000
on Sept. 1,
1947 to est net interest cost, as a basis
through
1,814,
and
1,851
1953. Principal and interest pay¬
for the award, will be made by
through 2,000. Dated Jan. 15,
able at the First National Bank,
1936.
taking the aggregate of interest
Rochester.
at the rate or rates named, over
63,000 1 % % road and bridge re¬
the life of the bonds, and deduct¬
Wellsboro Sch. Dist.
funding, series A bonds. Nos.
73 to 135. Dated July 11,1938.
ing therefrom the premium, if
(P. O. Wellsboro), Pa.
Bonds Sold—It is stated by the any, specified in the bid to deter¬
220,000 4%% jail bonds. Nos. 381
to 600. Dated June 10, 1926.
District Secretary that
$100,000 mine the net interest cost to the
refunding bonds approved by the City. Bids are desired orl forms
Denomination
$1,000.
These
voters on June 19, have been sold furnished by the City. The ap¬ bonds shall be presented on said
as
iy8s. Dated Oct. 1, 1945.
proving opinion of Chapman & date to the National Bank of
Cutler, of Chicago, will be fur- Commerce,
H0 uston, or the
Wilkinsburg, Pa.
pished the purchaser. Enclose a Chase National Bank, New York,
Bond Offering—John C. Deal;
certified
check for 2% of the for
payment where they will be
Borough Secretary, will receive
bonds offered, payable to the City redeemed at par and accrued in¬
sealed bids until 8 p.m.* (EWT
Treasurer.
terest.
on
Sept. 10 for the purchase of
Bond Sale—The $30,000 water
$150,000
improvement
coupon
Hidalgo County and Road Dists.
main extension of 1945 bonds of¬
bonds, not exceeding 6% inter¬
(P. O. Edinburg), Tex.
fered for sale on Sept. 4—v. 162,
est. Dated Sept. 1, 1945. Denom¬
Bonds and Warrants Called—B,
p.
823 — were awarded to the F. McKee, County Auditor, has
ination $1,000.
Due Sept. 1, as
follows: $8,000 in 1947 to 1964, Second National Bank, of Jack¬
Bond
Aug. 6, the
of the Central Power &
Co. Agreement has been
reached between the City Council
plant
Light
Oct.
to be held on Session,
Rochester), Pa.
interest.
approved the issuance of the fol¬
(State of)
Road
for
Plans
|
Well
Program
Way—Construction within
the next 12 months of over 800
Under
of
miles
primary
and
highways
2,162 miles of secondary roa^s at
an
estimated cost of $53,000,000,
approved,
was
Texas State
Aug.
approved
Also
23, ,bys^he
Highway Commission.
by
the! Tfgcas
commission was a program,
for
viding
^prof
construction .in', the
second and third post-war
y$ars
of 1,624 miles of
and 4,358 miles of
major highways
secondary roads,
cost
approximating
at
total
a
C
$100,000,000.
It
was
j,
.
announced that planning
for the post-war
construction pro¬
had been undey way for
years
and that ~ detailed
plans for the first year's program
gram
three
nearing completion.The
authorized its engi¬
were
commission
neers
to proceed
with planning of
work. Cit¬
second and third-year
ies
and
would
counties, it was added,
asked to arrange for
be
right-of-way on projects as soon
as possible.
/
Commission Chairman John S.
Redditt said the three-year pro¬
gram
will absorb all State and
expected during the
Federal funds
It may be necessary to
remove
from
the
list projects
; where right-of-way is incomplete
and substitute jobs of equal merit
'period.
the
so
-■without
•
.
said
commis-
the
action, together with adengineering. work already
.done in the highway department,
would allow work to begin just
.as
soon
as approval came
from
Vance
.
Washington.
Ifeiforni center striping was or¬
the commission on all
Texas highways.
dered
by
Texas City
Bond
Indep. Sch. Dist., Tex.
Sale
Details—The
Aug. 28 to a syndicate headed
on
by the Texas City
of Texas City—v.
net
National Bank,
162, p. 1040
price of 100.025, a
interest cost of about 2.45%,
sold at
were
as
$750,-
bonds awarded
house
school
000
a
maturing
For $175,000
follows:
March 1, $25,000
in 1946 and 1947,
$30,000 in 1948 to 1950, $35,000 in
1951, as l%s, and $575,000 maturihg on Mar, 1, $35,000 in 1952 to
1954, $40,000 in 1955 to 1959* and
$45,000 in 1960 to 1965, as 2y2s.
These bonds are dated Sept. 1,
,
'
*
Optional for redemption at
1945.
.par
and accrued interest 5 years
Other
date.
from
;
bidders were:
Price Bid
Bidders— ff
C. F. Childs & Co.,
Dallas
Son,
Co.,
Chas. B. White & Co.,
•Mosle & Moreland,
Dewar, Robertson &
f
jpancoast, and
Rupe &
"
.Lovett Abercrombie
& Co.,
jointly,
:For $750,000, 2y4s
i (non-optional)
-
100.026
iPaine, Webber, Jackson &
i -Curtis,
I
For
$750,000, 2M»s
(non-optional)
Zavala
100.101
basis, for 18 years, will require
only approximately a rate of sev¬
en (7) cents, at present valuations.
UNITED STATES
435,000 and $35,173,000 respect¬
ively. (The Ohio figure includes
the one-cent tax on liquid fuels
Seeks Huge Con¬
bill was in¬
troduced in the Senate just prior
struction Program—A
10-year period subsequent to the
The bill follows closely
war's end.
The
of
County
the
new
and sinking
entered
contract
A
has
paid off $4,000
bonds.
Only
States reported
compared with
seven
1944
in
decrease
special subcommittee report by
Senator Taft, which was based on
hearings held over a seven-months
1943—Arizona, Kansas, Missouri,
Nevada, Ohio, Pennsylvania and
Utah.
The greatest increase in
period.
11944 over 1943, 19.1%, was re¬
The report filed with the Wag- j
ported by New Hampshire.
ner-Ellender Bill, as justification
for the measure,
recommends that
activities
all Government housing
be
consolidated
national,
under
a
in
a
the
six
of
Collections
above
States
all-States
Alabama,
3.9%:
permanent
,
were
average
of
-Connecticut,
Maryland, Michigan, North Caro¬
housing
administration
single director.
lina and Texas.
In
addition, six States were
only slightly below the average:
through Federal aid, would bring Arkansas; Illinois, North Dakota,
South
Dakota
and
private enterprise into slum clear¬ Oklahoma,
ance
and
redevelopment.
One Tennessee.
section of the bill provides for
Federal Funds Made Available
The
proposed
program covers
both rural and urban housing and,
Provo, Utah
Details
Sale
Bond
The $1,-
—
WISCONSIN
000,000 2%-l%%", water revenue
syndicate
Whitefish Bay Sch. Dist. No.
J
composed of Edward L. Burton
(P. O. Milwaukee), Wis
Corp., Lincoln Ure & Co., both of
Bond Sale—The $70,000
series
Salt Lake City, and John Nuveen
of 1945, refunding bonds
offered
& Co., of Chicago—v. 161, p. 2604
for sale on Aug. 31—rv. 162* p.
1040
bonds
to
awarded
a
in the denomination of $1,-
—are
—were awarded to
Halsey, Stuart
These
& Co., as Is, at a price of 100.30
bonds mature on
as fol¬
a
basis of about 0.94%.
Dated
lows:
$37,000 in 1948 and 1949,
Sept. 1, 1945. Denomination $i.
$38,000 in 1950 and 1951, $39,000 000. Due on
Sept. 1, as follows*
in 1952, $40,000 in 1953 and 1954,.
$38,000 in 1950, and -$32,000 in
$41,000 in'1955 and 1956, $42,000 1951.
The next highest bidder
in 1957, $43,000 in 1958 and 1959,
was
the Milwaukee Co., for Is
$44,000 in 1960, $45,000 in 1961
at a price of 100.22.
and 1962, $46,000 in 1963, $47,000
in 1964 and 1965, $48,000 in 1966,
$49,000 in 1967, and $50,000 in
Dated
000.
Callable
1970.
1968 to
1, 1945.
July 1,
July
numerical order
lished notice
on
CANADA
inverse
in
30 days' pub¬
on
Canada
July 1, 1947, and
any9 interest
payment date
thereafter, at par and accrued in¬
Bills
a
rate of 21/4%
Sold
The
interest
fund requirements to
and sanitation facilities, $23,000,000; schools and other educational
facilities, $4,000,000; hospital and
health facilities, $4,000,000; other
public buildings, $3,000,000, and
highways, roads, and streets, $2,-
major excise taxes.
25.6% lower
were
during
than those received
the
compared with 1943.
est
absolute
000,000.
of
because
they
were
in¬
162,
20—v.
awarded
The
$1,000.
the
next
National
and
National
of
Bank
total
revenue
It
is
applications
Yakima
expected that
will
be
times the amount available.
received from gasoline taxes dur¬
many
201
Com¬
United
the reports shoW assents
English holders in any substan¬
tial amount.
While holders were urged to
(P. a, Yakima), Wash.
deposit their bonds not later than
Sept. 1, the offer is still in force
and will remain open "until such
time as the offer is withdrawn."
unqualified approval of bondhold¬
ers and the bondholders commit¬
tees, the Province has no inten¬
tion of withdrawing said offer in
the immediate future.
With the
termination
VIRGINIA
the
water
Nos.
for
32
to
has
340,
Shriver,
announced
works
payment
L.
revenue
that
bonds
PORT
OF
NEW
YORK
AUTHORITY
BRITISH
being called
of Sept. 1, 1947.
Authority TERMINAL BONDS,
received by the Authority at
New York
Debentures
Sept. 1, 1942. Said bonds
presented to the places
of payment named therein as of
Sept. 1, 1947. Interest ceases on
SERIES J, due 1985, will be
11:00 A. M.
on
Wednesday, September
12, 1945, at its office. Each offer must be accompanied by a
or
The Authority will
cashier's check in the amount of $150,000.
announce
the acceptance
of bids at
or
before 6:00 P. M. on that day.
Copies: of the prescribed bidding forms, of the
of the Authority, and
to be
issued,
may
certified
of the resolutions pursuant to
be obtained at the office of the
Authority, jf 111 Eighth Avenue, New
York
Official Statement
which these bonds
Executive Director
Burns
Y.
at
HOWARD
S.
CULLMAN,
7
Offered
to
Public
&
and
Ltd.,
Denton,
offering for general
3Y2% Con¬
$338,000
inations
General
Fund
Revenue
$100,
$500
and
$1,000,
with provision for
to
registration as
principal. Dated July 15, 1945.
Due on July 15 in 1946 to 1970,
including principal and interest
(J-J 15) payable in lawful money
of Canada at the offices of the
City's
bankers
Vernon,
in
the
Vancouver,
Cities
of
Winnipeg,
Toronto and Montreal, at the op¬
tion of the holder. It is expected
that debentures in definitive
will
be
Vancouver
on Sept.
1, 1965, or
interest
payment date
form
available for delivery
on
or
about
Sept.
in
17.
par
thereafter
"CHAIRMAN.
COLUMBIA
serial debentures. Denom¬
coupon
1957 to 1959, $11,000 in 1960 to
1962, $12,000 in 1963 and 1964,
$13,000 in 1965 and 1966, $14,000
in 1967 and 1968, $15,000 in 1969
and 1970, $16,000 in 1971 to 1973,
and $17,000 in 1974.
Bonds ma¬
turing in 1966 to 1974, are calla¬
order.
SEPTEMBER 7, 1945.
solidated
refunding bonds is be¬
ing offered for sale by Pohl &
Co., of Cincinnati. Dated Sept.
1, 1945. Denomination $1,000. Due
Sept. 1, as follows: $7,000 in 1948
and 1949, $8,000 in 1950 to 1953,
$9,000 in 1954 to 1956, $10,000 in
any
are
investment
revenue
ble
Bros.
jointly,
of $309,000 1-3% water works
on
sea¬
—Lauder, Mercer & Co., Ltd.,
be
Bonds Publicly Offered—An is¬
sue
holiday
Vernon, B. C."
said date.
Proposals for all or none of $7,500,000 of Port of
the
are
as
Dated
shall
of
it is felt that the necessary
additional deposits of some $27,000,000 should be forthcoming at
an early date.
son,
McMechen, W. Va.
Call—Edwin
met with the
Since the offer has
price of 100.07.
Clerk,
none
of
$100,000 build¬
ing bonds offered for sale on Sept.
City
and
States
England.
that it will be another two weeks
J Bond Sale—The
Bond
can
before
County Sch. Dist. No.
a
program
Due to unavoid¬
able delays in advertising the of¬
fer in Great Britain, it is believed
complete and did not comply with
instructions.
the
from
Denomination
highest bidder
Seattle.
merce,
the
declared operative.
The record of deposits thus far 1
includes only holdings in Canada'
be
re¬
728—were
p.
First
the
to
Bank, of Portland.
was
The great¬
amounts
Many applications were
delayed
$169,000
funding bonds offered for sale on
Aug.
before
offer
Washington
Sale—The
Bond
WEST
are
9
cipal and interest payable at the
Harris
Trust
&
Savings Bank,
9, 1945.
Chicago, or at the Farmers and
sale
of
Government-built
per¬ for Local Public Works — It is
On Aug. 30
Merchants Bank, Provo City. The
manent war housing projects to
75,000,000 Treasury bills. Dated
reported by Municipal Fi¬
legal opinion of Chapman & Cut¬
local agencies for use as low-rent nance News Letter that $17,500,Aug. 31, 1945. Due on Nov.
housing.
•
! 000 was made available to local ler, of Chicago, states that these
30, 1945.
bonds are valid and legally bind¬
Collection of Motor Fuel and governments in the United States
ing special obligations of the city
/ALBERTA
Gasoline Taxes on Upswing—Up¬ for the planning of public works.
payable solely from and secured
swing in gross collections from On July 31, 1945, applications ag¬
Alberta (Province of)
by a pledge of the net revenues
motor
fuel
and
gasoline taxes gregating $11,000,000 had been
Holders
of
derived from the operation of the
$57,000,000 Bonds
levied by the States since March accepted.
While the amount of
city's Water plant and system now Approve Refunding Plan —Nor¬
of this year indicates that total applications
from
some
States owned and as hereafter
extended, man S. Taber and Company, of
collections may be higher this exceeds their quotas, Municipal
after there shall have, been first New York ■ City, Financial Ad¬
Finance Officers Association was
year than in 1943 and 1944, the
paid from the revenues of the visors to the Province of Alberta,
Federation of Tax Administrators informed that no State allotment
property the reasonable, proper announced on Sept. 5 that holders
has yet been exhausted.
The im¬
reports.
and necessary maintenance and of over $57,000,000 outstanding
The
gross
collections
from provements which will be planned
operation expenses of said plant Alberta securities have signified
motor fuel
and gasoline
taxes, by the expenditure of the $11,their assent to the debt reorganand system.
j
levied by 48 States during 1944, 000,000 will cost in excess of $80,ization offer dated July 16. This
amounted
to
$747,388,000,
or
000,000, classified roughly as fol¬
WASHINGTON
represents approximately 68% of
38.6% of the $1,936,517,000 col¬ lows: miscellaneous public facil¬
the amount required under the]
Thurston County (P. O. Olympia),
lected by all the States from the ities,
$44,000,000;
sewer,
water
l%s, at
/of the
following
$75,000,000 Treasury bills. Dated
Aug. 10, 1945. Due on Nov
162, p. 824—were awarded
to Blyth & Co., and the SeattleFirst National Bank, both of Se¬
attle, jointly, as l3/4s, at a price of
101.76.
These bonds were orig¬
inally offered for sale on Aug. 11,
and postponed. The next highest
bidder was Fordyce & Co., for
check
The
count of °*363%:
On Aug.
to July 1, 1947, and
1V2 % thereafter to maturity. Prin¬
1—v.
THE
—
Treasury bills amounting to $150r
000,000 have been sold at a dis¬
premium of 2%.
Said issue bears interest at the
plus
terest,
(P. O. Ottawa),
'Canada
on
,
peak year of 1941,
when receipts amounted to $1,into In August, 1943, by the Com¬
missioners
Court
of the above 004,626,000, they were 3.9% high¬
er than the callendar 1943 figure
County, for the purpose of re¬
of $719,175,000.
funding $68,000 outstanding 5%
In general,
courthouse and jail bonds for 3%
collections during
an
upward trend
bonds, has been consummated. 1944 showed
—
gas.)
a
County, Texas
Refunding Contract Con-:
summated
and
Six
States
collected
between
by Senators Wagner
and Ellender, calling for a hous¬ $20,000,000 and $30,000,000 for the
ing program that would witness period, 18 States between $10,the construction of over a 1,000,- 000,000
and $20,000,000 and 18
000 new homes annually in the States below $10,000,000.
its recess,
to
thereafter to maturity.
Legality
approved by Chapman & Cutler
of Chicago.
•;
'
UTAH
ing 1944 were collected by Texas
$51,555,000, and California, $50,820,000. New York, Ohio, Penn¬
sylvania
and
Illinois
followed
with $47,853,000, $44,853,000, $42,-
While the 1944 collections
'
Bond
level
a
upon
.
R. N. Eddleman &
•
bonds
Housing Bill
•
.
Redditt
lion's
.
such
along
interruption, it was ex¬
plained.
Mr.
move
can
program
retire
in
inverse
Principal
DIVIDEND NOTICE
numerical
and
interest GUARANTY TRUST COMPANY OF NEW YORK
(M-S) payable at the office, of
New York, September 5, 1945.
I
the State Sinking Fund CommisThe Board of Directors has declared a Quar*
sion, Charleston, or at the Na- 1 terly dividend of Three Dollars ($3.) per shar
tinnal Pitv "RotV TSJ^«r
on thfr Capital Stock of this Company for•
lionai. Ulty
oank, New York. The , quarter ending September 30, 1945, payable o.
bonds will bear interest at 1%,
siockfhol^s[945
1
tuvn„rti,
«
,
the close of business September 12. 194?.
through Sept. 1, 1947, and 3%,
matthew t. murray, jr., secretary.
.
t.
1
r,,r,
nrn
I
|
@FedFRASER