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BUS. ABM, LIBRARY 12 SEP 1949 MONDAY 'I :*SE" -T1 Reg. U. a Pat. Office Volume New Number 4837 170 Price 75 Cents York, N. Y., Monday, September 12, 1949 General Corporation and Investment RAILROAD PUBLIC UTILITY - $ ,i* j Profit from Other - Total Int. Provision Provision foreign for of Amortization Balance taxes income income financing expenses carried Profit per earned to surplus Dividends Aluminium on Limited no par shares declared value share, against $3,349,845, or 90 cents per share in of ers Los ___ the first six months record Aug. 8, s nounced ' Sept. 7. will funds The primarily used for Exchange Toronto Stock Exchange—Curb Section.. development the of the •• Coast Service— A corporation interchange ' Sept. 1 the by Aeronautics ■ ■ change of out - date a year be¬ represented by loans made during the compared with $35,318,333 for the same Capital and surplus totaled $18,328,822, compared with business, $47,615,181, before. latest six-month period, American Investment was year a the of of this com¬ Agricultural Imple¬ end a strike called ,by the UAW at the company's main plant in Brooklyn, N. Y., on May 2, Morehead Patterson, Chairman of the Beard, announced on Sept. 7. V : •' .... •" has agreement the pany and ment • Workers reached been Automobile United America of (CIO) between management Aircraft and bringing to an Auction Sales "These ■ • .' . the this Power by increase of kwh., V. p. 170, - , . Mr. Patterson about 29 cents an hour in cents an hour."—V. 170, ;; V ■, ... 25 * ' ■ •. Light Co.—Weekly Input— ended week Sept. 1, 1949, the system inputs of subsidiaries amounted to 249,833,000 kwh., an increase of 24,11.03%, over the corresponding week of last year.— company 829,000 ; & demands," non-wage cost our wage . ! V • American For of 44 44 contract, wage increased general 782. P. 44 demands. have the to new immediate an "would addition . Federal Reserve System for economic said, 44 the Patterson said minor Statement of Member Banks of Condition , which runs until Dec. 31, 1950, increase of six cen^s an hour plus a three cents an hour wage boost effective Jan. 1, 1950. The union had originally demanded a 25 cents an hour general wage increase, full payment by the company of all insurance and hospitalization premiums, expanded pension plan, paid sick leave, severance pay, two additional holidays, longer vacations and other Mr. provides 43 Reserve Banks airlines jointly announced they will provide three round trips including one between Miami and Los Angeles, one between and San Francisco and a third between Atlanta and Los The daily, was American Machine & Foundry Co.—Strike Ends— An Investment News._Cover 50 Foreign Exchange Rates : Combined Condition Statement of Federal - speeds planes. receivable volume of Total - months, At the end Redemption Calls and Sinking Fund Notices__44 Dividends Declared and Payable. _..__44 an travel between the two areas and eliminates connections. Passengers will be able to board a plane of either carrier at any of the scheduled stops on the route and fly to any other with¬ agreement The an notes operating 166 offices in 135 cities situated in 18 States.—V. 169, p. 2746. ;'f The Course of Bank Clearings flights of "The recently completed integration ot the' 1949, after American's acquis.t.on of over 96% exchange of stock. at June 30 totaled 857,862.056, up $16,- April 30, on $11,658,520 .33,, : ■; General Corporation & when DC-6 terms Civil ■></■'. ■■ ■ ... inaugurated Sept. 25 Inc. will begin cities under coast west approved agreement Board. , will be Lines, Air and Atlanta Co. period in 1948. State and City Bond Offerings. service air Delta and Miami, between <<- t s coast-to-coast new this six 33 _ '' ;\v' Miscellaneous Features ;\V ': Inaugurate New Coast-to- American Airlines, Inc.—To fore. __24 National Quotation Industrial Stock Averages ;«• - (Dow-Jones) is • approximately 45% in the first half of 1949 over 1948 is due largely to acquisition of the Ohio not the result of expans:on of the loan volume of 41 Transactions New York Curb Exchange Stock and Bond Averages $0.85 further announced: 030,858 from the $41,831,198 outstanding at the same ......42 — and Co. Instalment Transactions New York Stock Exchange______24 This system, invented by Henry Booth, President of Amalgamated Textiles, was developed in conjunction with Eastman Kodak Co. for the clothing industry in taking precision measurements of the human form. It has, however, applications in many other fields. The system has already been adopted by some of the leading clothing retailers. Markets Over-the-counter in ownership through 39 Exchange Stock PhotoMetric system. manufacturers and ..... of company," he said. ment 38 .38 Exchange Curb Toronto - be Stock Montreal 1,066,268 $1.07 companies' organizations and assets should permit economies and form the basis for sound future growth." / The assets of Ohio Finance Co. were purchased by American Invest¬ 37 Stock Exchange Francisco San Montreal Privately— A $1,000,000 10-year 4Y4% serial note, due Sept. 1, 1959, has been placed with one of the leading life insurance companies by Auchincloss, Parker & Redpath, it was an¬ Amalgamated Textiles, Ltd.—Notes Placed . $1,016,499 1,092,134 $1.38 two 36 .... __ share was payable Sept. 3, to hold¬ 1949.—V. 169, p. 1557. $1,289,490 1,188,756 Barues, President, period same either .35 35 36 36 Exchange 1948 $1,860,693 outstanding.. increase Finance 35 Philadelphia-Baltimore Stock Exchange Pittsburgh Stock Exchange St. Louis Stock Exchange and the 34 34 Exchange Angeles Stock "The /■ 1947 1949 after charges and taxes. shares Donald L. 34 Detroit Stock Exchange A dividend of 50 cents per 1948. Exchange. Stock Common used funds will providelending facilities. FIRST HALF OF YEAR FOR Earnings per common share 24 29 Exchange : Chicago Stock Exchange Cincinnati Stock Exchange Cleveland Net profit 13 (Stocks) Boston Stock amounted to $3,722,050, or $1 per paid in the first sin months of 1949 of New York Curb 13,153,071 $3.54 $3.47 payable trustee under the the sale of these debentures will be proceeds from CONSOLIDATED RESULTS Stock Exchange (Bonds) 13,627,216 389,505 84,640 12,908,301 ; share Stock Exchange New York 91,087 378,073 36,832 the 6 Months Ended June 30— Page • New York 7,109,889 2,706,353 13,323,206 pfd. shares of subsidiary cos in profit of Saguenay Power Co., Ltd. ;/.• 61,802 v 2,911,234 91,215 taxes on int. Profit year- — Dividends Min. 1 :— Canadian for within matur. not interest While Stock and Bond Quotations ' 25,638,869 2,042,522 25,917,070 2,060,045 87,040 7,444,330 - indebtedness on Other Interest as immediately to retire current bank notes, these additional capacity for increasing the company's 24,768,983 869,886 24,855,737 1,061,333 operations income is MISCELLANEOUS - indenture. This Issue In 100,052,683 100,691,173 & admin, exps.— 75,196,946 75,922,190 gen. Copy News 1959, when the final $1,000,000 becomes due. semi-annually on March 1 and September 1. The Old Colony Trust Co. of Boston will act 1948 1949 Sales sales, incl. seil., INSURANCE - Subs.)—Earnings— Aluminium Ltd. (& Six Months Ended June 30— tost of INDUSTRIAL - a or 878. Atlanta fastest present from hours have effect long southeast the from the have Delta and travel giving of the Assistant Vice-President and General Sales Manager Airlines, Inc., said. . , ' ' ' ' f can V route lines Both ? CAB's for 170, P. is a getting a 781. , ,•/ •Cost of Electric Co.—Registers With SEC— Gas $ company with the SEC an offer will expire The offering the which number such the for shares price is to be determined by competitive bidding, under will invite proposals for the purchase of such shares as are not subscribed for by stockholders plus (not in excess of 49,808) of additional shares as may purchased' by the company in connection with stabilizing activities, may be undertaken by the company. Proceeds stock the of sale will be added to general funds of the time, be used to purchase additional amounts subsidiaries of the company and for ether corporate purposes. Such additional investments in subsidiaries will enable those companies to meet part of the estimated costs of their construction programs. It is expected that approximately $20,000,000 will be applied in 1949 to the purchase of additional shares of common stock of Appalachian Electric Company. and will, from time to of equity securities of company The for To 21/? in ending years this cost, 1950 an and securities by certain The balance programs of the company's subsidiaries with lycl is estimated to be $178,360,000. additional $18,000,000 of equity financing by the issuance and sale of $60,000,000 of senior construction of cost the meet American I of the subsidiaries in 1950 and required funds would 1951 is contemplated. be provided from internal sources.- Provision 'I on Big Board— admitted to dealings on the New York Exchange on Sept. 1, 1949, this issue was removed from unlisted trading on the New York Curb Exchange.—V. 170, p. 878. > - other and income (net)— 15,102,570 18,946,858 654,407 $1,169,606 599,145 other charges $794,018 The $10 par common stock having been , $38,000,000 1. of nearly 10% of the total issue Initially, the debentures are con¬ payable by surrender of $100 of debentures and payment of $30 in cash for each share of stock to be issued upon conversion. On and after June 20, 1951, they will be convertible by the surrender of $100 of debentures and payment of $40 in cash.— V. 170, p. 878. ■....■j-V.-.vi-"' '■ ■ • ' amounted vertible at to $394,372,900. $130 per share, $570,461 Drl5,092 21,794 $778,925 ..... for ... Federal $592,255 315,000 income taxes profit Dividends declared Dividends on common per common L— stock— 252,500 share Earnings on preferred $463,925 166,140 — stock . ' V American On Sept. Viscose 16, stock will be a Corp.—Partial of total drawn 4,301 on 171,967 $0.51 $0.29 hand at June 30, 1949 and 1948. 30, shares for redemption p. on of Nov. Redemption— 5% 1, preferred cumulative 1949 at $115 per share, 878. $339,755 292,725 .... •Including write-downs of inventories American Writing Paper Corp.—Earnings— Gross sales, Cost of less 1947 1949 1948 $4,620,725 4,386,271 246,872 $5,938,226 5,650,386 308,999 •$12,419 •$21,159 6 Mos. Ended June 30— etc returns, — goods sold—; —_ Selling, admin, and gen. exps.——■ $7,260,639' 6,176,534 396,818 NOTE—The provision charged to operations for depreciation on prop¬ during the year ended June 30, 1949 and $169,622 during the year ended June 30, 1948. erties in use amounted to $195,796 believes that all of the balance of the inventory reserve provided in previous years will not be needed, $200,000 has been transferred to the surplus account. This $200,000 plus the profit comnany now operations, or a total of $663,925, has been added the surplus account. After the payment of preferred dividends, the of $463,925 to Operating Other income income Total Inactive added common equal share the $687,287 4,738 property expenses 7,411 16,798 •$7,681 (net) income •$13,748 $704,084 22,329 (net)— 3,271 - ' "•V from amount income Prov. for Fed. Prov. lor special reserves— taxes on — 19,822 . 260,019 r 15,000 50,615 •$32,020 $373,628 stock. Net book The to on June value The company stock in the on 30, of the was to 85 cents per on June 30, 1949 was $5,579,369, compared with 1948. The current asset ratio was 6.5 to 1. stock was $10.31 per share. Net r_ •$30,010 income .•Loss.—V. 169, p. 2094. common purchased 1,640 shares of its 6% cumulative preferred market at a total cost of $77,175. After these were 54,550 shares of this class of stock outstanding. open purchases there —V. surplus working capital $5,796,076 170, p. 101. . , "■ , ' " . . : St. Louis Listed and Unlisted Securities American Investment Co. of Illinois—Sells Debentures Privately—The company Sept. 2 announced the sale of $5,000,000 of subordinated 4% sinking fund debentures due Sept. 1, 1.959 to two insurance companies. This sale, closed on Sept. 1, 1949, brings company's total subordi¬ nated debentures outstanding to $8,000,000. Mutual Life Insurance Co. of Boston purchased $3,000,000 of the debentures and Provident Mutual Life Insurance Co. of Philadelphia, Pa., purchased the remaining $2,000,000. Terms of the issue call for redemotion of $500,000 of the debentures New Listed »< — expenses- administrative ; As the -h.'7 Oct. 24. which ( before income June close of new company 498,081 the *be / . Total additional business Oct. 7, 1949, will be at the rate of one share each nine shares then held, plus additional shares, subject allotment, not purchased by other stockholders. The subscription subscribe to at the of record Stockholders entitled — conversion the represents which plus accrued dividends.—V. 170, Sept. 7 filed a registration statement proposing an offering to its common stockholders of 498,081 shares of common stock ($10 par). The of This 1948 ' . registration Aug. 12, 1949.—V. 169, p. 2525. American ; sales. Profit Other Net to period which began Sept. company) 1949 ;• ; , $16,550,995 $20,116,464 general and Selling, Cladmetals Co.—Deregistration— Co. Approximately $38,000,000 of company's 3 Ve% convertible debentures 1959 were converted Into some 380,000 chares of the company's stock during the first two business days of the * conversion the from for \ leather of sale newly ap¬ 1,000,000 common shares (par $1) offered under registration statement (No. 7247) which became effective Nov. 6, 1947, 661,248 shares were sold at $1.50 per share and 338,752 shares were removed Of (Including its wholly-owned subsidiary Years Ended June 30— Net the Telegraph & capital $1,448,425 time service of American Hide & Leather Co.—Earnings—. of Ameri- announcement and record of American * the into operation." presently use DC-6s.—V. start scheduled proved between interval 25-day "The Telephone 3y8% Debentures Converted— operated coordinated schedules to to the west, but the new service public one carrier service," C. R. Speers, •/ American the two today's "American expedite will flights will cut an hour and 20 minutes from schedule from Atlanta to Los Angeles and nearly best Los Angeles-Miami time. The new Angeles. on England Sept. 1, 1951, and a like amount each year thereafter to Sept. 1, Edward D.Jones & Co. Established 300 North 4th 1871 St., St. Louis 2, Missouri Members New York Stock Exchange Phone Exchange Stock St. Louis Chicago Stock Exch. Chicago Bd. of Trade New York Curb Exchange Associate CEntral Bell SL 7600 Teletype 593 2 creased American Zinc, Lead & Smelting Co.—Earnings— (Including wholly-owned subsidiary companies) into 12 Mos. '49 3 Mos. '48 3 Mos. '49 Period Ended June 30— Net sales $3,474,451 $11,147,696 $36,277,586 products sold before deprec. and depletion —Y——Y.—■7,392,555 10,288,601 33,630,587 — - Cost of Gross Other profit —-Y $1,081,896 $859,095 $2,646,999 14,512 20,976 223,731 YY;Y-.:.$1,096,408 $889,071 $2,870,730 177,581 17,014 150,000 206,900 698,413 69,531 454,591 223,120 sales on income . (net) Total income ■- Admin., selling Interest expense, and other Net — Y—Y-_YY profit "Earnings per "After prior requirements,—V. 169, p. 2310. Co., Inc.—August Sales Drop— Angerman 1949—7 Mos,—1948 $5,029,922 $5,072,501 1949—Month—1948 $782,276 $736,525 — 170, p. $1,425,075 $1.61 $337,576 $0,38 $560,573 $0,71 share common preferred dividend Period End. Aug. 31— Sales ,—V. 195,207 18,768' 135,000 186,860 exps net—, Y: Depreciation and depletion Federal income taxes (est.) 4Y«% to from 4%. stock common the of $1,000 plan The interest rate would remain at 4%. turity. YYYrY% hand Y, ' a year, of maturity in 1951. ' • - , ; " - and 000,000 A. P. W. Products Co., Net sales Cost of ——— sales Provision Selling, before for and gen. exps.— 2,372,469 65,745 267,151 2,959,873 1,915,947 68,969 299,423 depreciation— depreciation—— admin, June 26,'48 June 29,'47 $3,686,052 $2,937,493 July 2,'49 $2,185,667 dividends No Inc.—Earnings— 68,125 326,820 be paid the on preferred company's or road has into stocfk common convertible outstanding present at callable and 60 and $4,792,000 "$98,671 Or1,639 $331,234 8,125 $232,128 1,970 *$100,310 Operating profit $339,359 41,551 $234,099 50,501 4,458 4,038 —— jMiscellaneous earnings <net)_ ' Total income Interest on funded Interest on notes Approp. to reserve for Inventories— for Prov. Net . profit Common and Federal acceptances. income taxes each non- To outstanding—., common share per _ . refunding mortgage bonds. The road, statd Mr. Hutchins, has had full cooperation of the RFC in framing its plan, and has ten¬ tative assurance of assent to the plan from that agency. Under the by $98,561 233,753 $0.42 "Loss. holders Mr. therefor.—V. Ry. 2094. tax Ry. Arkansas Louisiana Gas Co.—Bank Loan— pany's the of 704,906 11,017 680,843 119,753 5,764,729 1,611,549 1949-1S50 construction program. $7,138 44,999 $1,900,783 Br9,767 36,780 initial $9,500,000 of * *$58,281 1,051 bearing 2 %% interest and maturing three years from the date of the supplemental loan agreement. There is now outstanding under the original Loan Agreement $12,500,000 of 2 V!» %notes payable to the bank.—V, 170, p. 782. ; 1Y :Y.YY $52,137 Dr387 , Associated Telephone Co. Telegraph & — Debentures Placed Privately—The First Boston Corp. and W. C. Pitfield & Co., Inc., have placed privately an issue of $9,500,000 15-year 3%% debentures, due Aug. 1, 1964, it was *$57,230 $1,843,433 18,567 Associates Investment Co. (& Subs.)—Earnings— 6 Months Ended June 30— 1948 1949 . Discounts, interest and other income—; $14,204,608 $11,715,068 Operating Y 9,568,587 expenses — . Provision for Federal income taxes consolidated 1,800,000 $2,756,041 Income from financing operations—.— Dividends received from non-finance subsidiaries not 7,649,140 1,880,000 $2,265,928 The of to & 60,000 - $3,296,041 916,596 $2,325,928 Net income of company and •Based on all subsidiaries.. have to company $1,862,000 339,068 $5,275 approved $1,522,932 $1,624,253 made change effective Corp., Sept. 6. on to proposal a Queen Speed $3,086,190 $4.04 $2.96 1,041,824 shares outstanding. The company and its wholly-owned finance subsidiaries during- the Six months ended June 30, 1949 acquired a gross volume of receivables aggregating $300,140,072, compared period of the previous year. with $298,484,707 in the same lien wholesale loans decreased 2.1%. Approximately 75% of the whole¬ sale loans outstanding were with new automobile dealers. The unearned discount at June 30, 1949 amounted to $11,899,471, compared with $10,444,145 as of June 30, 1948. yYYYA/YY- YY';Y The net premiums written by the Emmco Insurance Co, and its subthe 1949 Perlod amounted to $7,921,705, as compared with $6,878,177 for the first six months of 1948. and the unearned premiums increased from $8,185,969 at June 30, 4948 to $10,476,924 at the end of. the current period. The consolidated gain for the period, after provision for taxes and all reserves, amounted to $1,238,834 as com¬ pared with $675,688 for the first six months of 1948.—V. 170,' p. 686. Atlanta & West Point RR.—Earnings— July— 1949 Gross from railway.... railway^— Net from Net ry. oper. i948 $324,412. : Barnsdall 1946 ' Oct. the $358,680 49,024 62,194 1,219 6,282 9,159 33,951 - From Jan. 1— Gross from railway-— Net from Net ry. 2,323,069 2,657,447 261,492 485,000 257,052 158 817 *7,631 111,651 *38,904 67,789 railway.. oper. income— •Deficit.—V. 170, p. 2,297,075 * 2,247,782 486. I. Y " Atlas Corp.—Ogden Corp. to Be Merged With Barnsdall Corp. See latter below. Sells Control of Franklin, Simon & Co., Inc.—See City Stores Co. below.—V. 170, p. 782. Bangor & Aroostook RR.—-Announces Plan for Debt Readjustment— * sj^ort,ly a?ply t0 the ICC for authority voiuntary debt readjustment plan under the Mahaffie c.aT„h® pla"' heen. approved, by directors, tS*!?!' S trust 4% bonds, 1, 1951, to propose Act. involves the out- bonds and collateral » -,tht Pr°Puosed Plan. Curtis M. Hutchins, President, hale been discussed with larger holders of the reaction to the proposal has been entirely hmui?' , favorable " Under both AreftJn?mR mortgage 4% due July the ?® JeJelf tended 25 plan, the consolidated refunding, mortgage bonds would Their maturity would be ex¬ d firsfc mort8a$e bonds. years to July 1, 1976. and the interest rale Ohio, included.—V. not was 170, p. 102. Ry.—Earnings— 1948 1947 Agreement in 278,354 income *51,479 149,144 64,745 179,757 5,360,042 6,103,789 5,386,220 5,613,956 2,465,636 2,517,258 2,388,822 2,808,937 863,598 1,208,066 1,240,780 1,175,787 railway— railway— income.__ 170, p. 486. Co.—Earnings— July 31— shrs. 1947 1948 1949 officers and of Barnsdall between to be for their known the as 1946 $17,387,968 $18,216,348 $17,120,169 $18,107,696 924,587 663,390 1,155,838 1,799,571 — 600,000 600,000 $1.54 $3.00 taxes. depreciation and cash position, including government securities, totaled $5,870,782 July 31, 1949, as compared with $4,260,333 on the same date a ago.—V. 169, p. 1663. year shares 35,000 in Planned—To to and Co. Barnsdall as Ogden the Corp. Oil Co. with the will stock to is used be directors statements for are in course merger preparation. class new a its construction $3,522,000 used be Public program for and sell funds to the years its $15 a competitive bidding. shares of 6% at Proceeds preferred premium, the balance 12,942 per share preferred will be made subject to the stockholders of Blackstone and to holders of the 6% preferred. As owner of Eastern Utilities Associates, Boston, will waive of the of the rights offer of the 99.17% at construction. offering exchange an time any sale for outstanding the retire at for offered be to to callable stock, new common the to common, right to subscribe for the new preferied and the exchange offer will on a share for share basis, subject to dividends adjustments, be made plus the cash a Blackstone equal to the difference the 6% preferred and the public 167, p. 1466. by payment redemption price of between offering price of the new preferred.—V. Blaw-Knox been from same Proxy vote has resulting company Barnsdall Oil Co. on the proposed present meetings Oil merger; ol part, Sell Pfd.— SEC authorization to issue of preferred stock to provide .1949-1951. * • Place requested has company finance, according 1, ,. Co.—Consolidation principle merger 1946 $668,178 $1.93 The name Privately With Prudential Insurance Co. and With Banks—Floyd B. Odium, Chairman of this company and President of Atlas Corp. of which Ogden Corp. is a sub¬ sidiary, and William Dewey Loucks, President of Barns¬ dall Oil Co., made the following announcement on Sept. 2: reached purchased 600,000 The Loan proposal stock of of would be to- that is Barnsdall stock common Oil of the holder will Co. the each of have the share one right to of receive The company rolling order Co.—Completes Austrian Contract— Sept. on completed $ Austrian $1,000,000 a order for machinery, the last shipment leaving on that date. The by the Austrian firm, Osterreichische Metallwerke mill placed was Aktiengesellshaft. It covered the design and manufacture of rolling mills and auxiliary equipment.—V. 170, p. 783. from the Ogden new lar will value to convert said of will holders of rated they stated thus of received of share four cold $55 resulting stock common share, a the into with Bowser, Inc. .(& Subs.)—Earnings— . limited into a of Cost Admin., Other be issued as equivalent result a of in Y receive stock, to the $20,000,000 will be pro stock common for the excess on taxes stock Co., of Ogden Corp., will unless of owner take it about of 80% and of 637,250 common stock only the shares "Loss. its holdings in the necessary for it to convert into preferred stock for part of its holding in order to give the merged company a total of $20,000,000 par value of preferred stock outstanding at conclusion of the merger, in which event it will elect to convert into preferred in 25% of merger. no event the In its of be holdings required stock common effect to to take that it this preferred would provided result, 352,426 *$290,292 $1,418,757 138,500 t292,980 539,712 income-—— on income on due net income +On Cr91,626 — profits of of Canadian *$565,774 *$491,646 certain subsidiaries operating subsidiary.—V. 170, p. 2. at $879,045 a profit, 1949 1948 1947 $146,277 $132,857 $119,826 - 9,930 9,628 8,476 (est.)— 7,488 6,527 5,396 — $128,858 $116,702 $105,954 104,344 104,344 83,475 securities from Expenses Accrued *. Federal income tax ( Atlas other words, all holders except Atlas Corp. shall have the right to get either preferred stock or common stock or part pre¬ ferred stock and part common stock provided they cannot take more than $20,000,000 par value of preferred stock in the aggregate. Atlas Corp. 2,961,686 292,623 Six Months Ended June 30— Income for more than receive in the stock otherwise 2,764,288 228,704 Boston Personal Property Trust—Earnings— merger, becomes sufficient 2,153,703 outstanding of shares of stock of Barnsdall Oil for 11,265,339 income) carry-back Consolidated the above. Corp., expense other taxes of tOn profits Atlas (less income refund aggregate par value, and if companies elect to convert into present service and 7,685.724 *$527,274 sales Estimated the $20,000,000 of preferred 6,013,062 —— expense Net Est. to 1947 $7,368,195 $10,452,344 $15,998,209 _ sales of 1948 1949 6 Months Ended June 30— Net sales simi¬ stock. preferred stock to of will share one twentieth one stock stock $20,000,000 and basis each cumulative limited be of preferred common than more the 5% of of a the right to receive a fraction of a share of to be determined between a maximum of one yet minimum a amount merger holder have stock and right par The The merger. Corp. common common one merged company with the right for period of time following the merger to convert such share par value of 5% cumulative preferred stock of said company rfhall $352,449 41,618 $321,313 44,130 income... Oil 1 210,549 preemptive stock 1947 Sept. Co.'s business and plant name, including its Sandusky and Carey, Ohio. The latter's dairy SI.11 . eighteenth The receivables outstanding at June 30, 1949 amounted to $208,120,692,. compared with $176>345,920 at the same date last year. The motor lien retail instalment notes outstanding increased 37,3% and the motor as that this company on 1 Sept. 600,000 2462. p. ioliowing Dairy profit The 167, 1,500,000 cutstdg.. $1,949,187 324,934 is engaged in producing and distributing domestic washing machines, ironing machines and certain other laundry equip¬ ment. The washing machines are sold under the trade name of "Speed Queen."~V. changing on 760,262 $4,212,637 share..... per 10 $588,877 sales "After company The •Earnings Oct. 271,724 oper. Common Seelig Mfg. Co.—To Change Name— announcement an The stockholders Consol. net income credited to earned surplus Undistrib. inc. of non-finance subsids. not consol. vote 486, p. stockholders this the 540,000 ^ will 23 750,000 shares, par $25 to shares to be issued in exchange'for shares outstanding. common stockholders', proportionate vot¬ $699,528 from •Net Y 7,108 announced Sept. 7. Proceeds will be used to refund out¬ standing 5%%: debentures at 102V2 which have been, called for payment Nov. 1. See V. 170, p. 878. from Blackstone Valley Gas & Electric Co.—To Barlow approxi¬ reserves.— 169,441 Best & on 170, gas $581,818 6 Mcs. End. $1,942,079 $51,750. 46,475 49,588 *$106,818 "Deficit.—V. roughly and reserves Earnings per com. share income Net has company gas 1,605,572 for charges charges.— Fixed the new common Upper "Deficit.—V. Net (net) available proved Sept. stock railway oper. ry. $1,951,846 Dr57,350 "$95,061 fixed borrowings will be evidenced by promissory notes of Arkansas Louisiana bearing interest at 2%% per annum payable semi-annually and maturing three years after date of issue. The additional $3,500,000 of borrowings may be obtained at any time within 12 months and are to be evidenced by a new note or notes The Income that of railway.— from 5,983,220 (net) income Other borrowings will be used to finance in part the com¬ ry. Net $9,540,638 $3,500,000 as may be needed. Proceeds from Net income— and From Jan. 1— $9,277,061 income oper. the company has ap¬ proved reserves of oil, condensates another approximately 34,000,000 1949 from Gross 1949—7 Mos.—1948 $807,739 accruals.. ry. in Net company Net record two on & in Tiffin, Net $620,862 expenses—— income Milk stores Gross STATEMENT EARNINGS 1949—Month—1948 revenues oper. Rent has received SEC authorization to enter into a sup¬ plemental loan agreement with Guaranty Trust Co. of New York under which it proposes to borrow $9,500,000, plus additional amounts up of approximately 539,000,75,000,000,000 cubic feet listed reserves. Y yY' yY; : " gas Beaumont Sour Lake & Western Operating income— oper. a estimates that feet July— condition of the railroad security market." general Period End, July 31— Ry. and Texas, that COMPARATIVE oper. Dallas, condensates, natural gaso¬ 1949. This firm gives the preferred and each preferred share will have two votes split-up, as- against one vote as at present. stcck Pure store respective classes. declared the from Jan. 1, 1949 through DeGolver reserves and reserves, of 511,792 preserve dairy of its outstanding bonds at maturity. It has become evident, he added, "that no refundnig bonds could be sold to meet the maturing Ry. p. the of merger Y'"Y of Expansion in Ohio— refunding bonds, plan binding on 75% of the the proposed of of approval liquids, common It is announced . payment applicable to $293,000 principal amount of 25-year 6% convertible notes, assented; nor for Federal income taxes since no liability exists 169, make gas cubic $12.50, strength, the despite exhaustive studies ^over the past two years, with aid of bankers, investment counselors and others, the road had net been able to evolve a feasible plan that would permit July 2, 1949, there was a net loss of $146,320 after all charges inciuding $68,969 depreciation and $42,829 c:ue to markdown of Inventories. No provision has been made for the $3,985 non-cumulative interest to in Hutchins holders by approval would debt, due to NOTE—For the first six accounting periods The Act, classes, stockholders common of Mahaffie engineers approximately additional management indicated of par of the ing other 81,000 $149,046 234,035 $0.64 "$146,320 234,035 Nil — — shares Earnings 51,476 3,423 29,914 Y—105,500 debt own gasoline the authorized outstanding are $3,600,000 collateral trust 4% bonds, all held by Reconstruction Finance Corp. and secured by pledge of twice that amount with possible 178,000,000 barrels of shares, non-callable. and to Beatrice Foods Co.—Plans Two-for-One Stock Split-Up Also ' feet or 700,000,000,000 The are proved company natural about $8,665,000 110 at in - firm mately 55,000,000,000 cubic feet of additional indicated V. 170, p. 686. of consolidated refunding mortgage bonds, of which $3,873,000 are stamped convertible at petroleum appraisal * the prior retirement, using otherwise be held on on ■;1'; , time for would stock Y »' from to date 141,668,233 barrels of proved oil, condensate gasoline liquids reserves and an additional approximately classified as probable or possible. Said firm also cubic barrels if there were unpaid accumulations on any sinking fund. The of above. obtained independent Barnsdali's and could stock common retirement to has stock that puropse ruling is obtained time from barrels proximately cumulative. Jan. 1 to— for Co. , first $150,000 of net income each year. To contingent $150,000 from net income in excess Both amounts are contingent on earnings, but a Oil probable as the each year. this referred as natural 41,302,000 gives the sinking gage bonds would be this would be added available favorable a outstanding own for unless intends company as of that xi. fund for the redesignated first mortgage bonds pro¬ vides for payment of 25% of all net income in excess of $800,000, so long as any of the collateral trust bonds remain outstanding. After retirement of the collateral trusts, the sinking fund for the first mort¬ The and" MacNaughton, $150,000 plus a cumulative contingent sinking fund of $150,000 a year net income in excess of $650,000 for the previous calendar This sinking fund Is calculated to retire the bonds by their year. its funds Co. report as to the company's reserves of oil, line liquids and gas reserves as of July 1, collateral out Barnsdall acquire the Earnsdall ;For the sinking funds are to be proposed as part of the plan. trust bonds there would be a fixed sinking fund of New of proceedings effect, such payment, in effect, being sinking fund instalments for 1950 and new to merger some not be effected may present , into goes proposed this-point. The anticipation 1951. The maturity of the remaining bonds would be extended ten years to July 1, 1961. The bonds would be callable for the sinking fund at par and for all other purposes at 103%, decreasing 0.375% each year to ma¬ the merger on par ,. of Monday, September 12, 1949 the The bonds all would be made convertible railroad on the basis of 20 shares of stock value of bonds. They would be callable at face value for sinking fund purposes and for other purposes at 104, de¬ creasing 0,25% annually to par. Cf the collateral trust bonds, $600,000 would be paid at par after each for cf $650,000 686. FINANCIAL CHRONICLE COMMERCIAL & THE (978) take common stock only, but if all other holders have through conversion to take less than $20,000,000 par value of preferred stock, Atlas Corp. will agree to convert so as to take preferred stock instead of common stock, within limits, to make up to a total of $20,000,000 par value of preferred stock of merged company to be outstanding. income "Net Dividends "Before $1,631 —V. in 168, paid net from profit loss and 1948 sales cf securities of $7,322 in 1949 and sale of securities of $53,793 in 1947. on 1578. p. .. V will elected To provide funds for oil and development and adequate funds hand for the payment in cash of the appraised value of any stock the holder of which elects to have it appraised in merger proceedings, a loan of $40,000,000 has been negotiated with the Prudential In¬ surance Co. of America and a group of banks composed of The First National Bank of- the City of New York, The Chase National Bank of the City, of New York, Manufacturers Trust Co., The First National Bank of Chicago, The First National Bank & Trust Co., Tulsa, Okla., and National Bank of Tulsa. This loan is to run for 13 years with $3,000,000 fixed prepayment each year prior to maturity. for general corporate purposes as exploration have as to (Incl. on The maturities and the The for the first 5 remaining $25,000,000 are to be Prudential. years by taken by the banks new stock and of Statuo* Application to the merger will the '* qualify as a per sales that to 33,977,482 p. 879. for for Inventories a 1946 $311,002 $0.89 and state on income the as quarter $4,920,315 and for the fiscal year with $6,414,027 and $23,915,005 a year were compared ago. -a<sb. Revenue 1947 $1,341,296 $4.88 outstanding requirements $23,188,296 ruling r»nir*r»#>n+; Internal also $2,008,100 $7.47 year. Net were tax free reorganization will be made and of holders, will present on dividend including Federal their said $4.48 share com. subsidiaries) 1948 1949 $1,223,455 — $2.50 par value common stock and preferred stock, tAfter all charges taxes. NOTES—The quarter ending on June 30, 1949 shows a net loss of $4,808 before preferred dividends after absorbing price reductions of approximately $475,000 during this period, and compares to a net income of $326,174 after preferred dividends in the same quarter "Based after have course ■yrHh Bureau profit "Earns, merger preferred wholly-owned Years Ended June 30— tNet last proceeding in effect gives Barnsdall and Ogden stock¬ holders the right to take either, new common stock or, within limits, Power Co., Inc.—Merger—See Po¬ Co. below.—V. 155, p. 1828. (E. L.) Bruce Co.—Earnings— and well gas Braddock Light & tomac Electric Power on on June June 30, 30, 1949 1948 amounted to $2,964,342 as compared a reduction of $1,013,140.—V. 170, or THE Number 4837 170 Volume llncl. wholly companies)* subsidiary owned $617,398 Total expenses net Deferred (Cri crediti Provision of Net income , Dividends Dividends on class A common stock Dividends on class B common —V. p. 2747. , , . 505,974 . l'I income 170. $80,288 111,693 Net Income • 12,001 "Includes tax savings from . 169, p. Inc.—Places Note Bullocks, Privately—The company, Pacific operating department and specialty stores on the Oper. Proceeds of the financing will be used in part to refund bank borrowings and the- balance will be avail¬ able for general corporate purposes.—V. 165, p. 1995. authorized Other income Gross ; —V. Bank Co., Trust & York, New The Agent— Power Co.—Paying Oregon 169, Old until been Y., has N. ap¬ 2100 ^Earnings "After shares with of common at the as to exceed 107V2 exhaust to interest. and based and 177,330 » amounted Stock.—V. $123,355, to 169, 2.041%. ACCOUNT 1949—12 Mos.—1948 272,691 4,078,375 income— $413,553 $341,306 $5,855,911 1,728 1,833 19,751 $4,181,884 36,616 Net oper. Income Gross of date on of at payment residents 1 $343,139 $5,875,662 $.4,218,500 155,233 126,748 1,781,195 1,506,299 deducts. • — to residents in the franc all in Residents zone on countries other Net ^ i . . Cost sold-,and admin, charge taxes^-curr. yr._ income Net - 1 Crl32,000 436,500 Net income . tBased loss. "Net Nil share common shares outstanding. 430,000 on NOTE—Loss for the three months ended June of income dividends or convertible showed common stock, on the that out net a after, fi¬ company's The the corporation minal acetic acid corporation, The material its at producer a major Chemical plant acetic acid, manufactures Bishop, Tex^s. starting with of near 170, p. 880. Gross from Net ry. railway $2,803,592 142,610 — income oper. Net from 329,707 189,375 115,144 •"36,461 Net oper. ry. 22,047,232 18,621,363 "Deficit.—V. 170, p. and 1,272,891 1,298,993 94,041 1,089,790 Int. U. 1948 9,154,101 9,154,101 fund Canada 16,602 Gross 618,801 164,000 applicable to com. stock and surplus Earnings per common share, (560,000 shares) 164,000 p. Franklin Simon Joseph Klingcnstein. Simon, stores, of Filth Ave., located, on Garden in are City, L. I., East Orange, ry. to $3,141,935 $5,425,037 offices: res. Cleveland Electric Illuminating Co. " •OTB: 135 S. and Financial Selbert, La On. account Chronicle President; Salle St., $1,233,800 ■' $2.09 $2.20 v (Reg. William Chicago 3. Qfj the fluctuations in (& Subs.)—Earns. 1949 12 Months Ended June 30— "Operating expenses ; . income Net income .t shares Common — - ——- outstanding Federal $8,515,545 338,752' $8,854,297 $8,371,707 2,789,476 income 1,552,380 $7,301,917. 2,324.564 $2.59 $2.65 3,775,775 3,818,000 Earnings per ccmmon share— "Including i".' $9,640,289 1,268,582 — a — 1948 401,156 deductions etc., Interest, ' $9,239,133 Not operating revenues Non-operating revenues Gross , $32,803,946 $56,557,847 53,564,813 48,042,302 Operating revenues 214,967 54,906 58,842 2,179,225 —V. share—— 2,226,664 . $3,186,968 taxes $1,897,141 $3,186,968 $L14 • $1.94 $2,917,123 300,000 six months ended June from from 2416. Development company Aug. 29, Operating 551,006 768,041 280,118 449,889 183,320 its production D. 111. the U. S. Riggs, Patent Business (Telephone rates of exchange, -1948 12 MOS. *49 $774,296 590,213 $569,126 $1,526,456 525,123 1,178,580 $184,083 $144,004 8,020 ii income $2,176,964;:': 349,812 231,652 •Gross Income income 3,260 12,859 $192,104 $192,104 $147,263 $360,735 $347,877, — ——— 44,421 28,441 80,954 $147,633 deductions, (net)— $118,822 $279,782 , Net 18,152,432 19,647,690 17,055,001 15,076,487 4,190,833 5,147,429 1,943,847 3,192,042 income U 917,468 "576,342 Fed. &. State inc. taxes— 46,950 38,034 98,883 $100,733 $80,788 $180,898 1.419,561 1,357,382 Frov. for Balance -V 170, p. 881. HO. to p, surplus. 3. William 1 remittance weeks 1946 Manager. 0613); the four , railway railway Net ry. -oper. income— Office) State for 1949—6 Mos. , revenue—electric Operating expenses" and gen. taxes. Other • that Operating $1.96.—V. 169, p. 2416. 1947 Co., Ltd.—Production— 1949 Period Ended June 30— 30, 1947 before $2,461,271 announces Colorado Central Power Co.—Earnings- *$1.78 1948 179,144 p. amounted to 369,375 barrels, compared with,: 494,988 barrels for the five weeks ended Aug. 1, 1949, and 364,883 barrels for the four weeks ended June 27, 1949.—V. 170, p. 688. $3,217,123 - $2,877,047 Income— The ended $2,500,773 railway oper. 169, Colon 62,781 1,298,177 conting.; for railway "Deficit.—V. Dana Washington, * $5,506,568 108,290 - to earned surplus, common From Jan. 1— Net 2415. Commercial William N. J., apd Green-, It also operates stores in Bridgeport, Conn., Conn. Oswald Hatch, New York City, has three NY, REctor 2-9570. Herbert D. Seibert, B. Dana Company, Publishers, 25 Park Place, New Yurk 8, advertising issue) with a statistical issue Published twice a week [every .Thursday (general news & Smith. " Copyright 1949 by William B, Dana and Edwards Drapers' Gardens, London, E. C., England, c/o Subscriptions in United States, U. S. Possessions, Territories as second-class matter February 25, 1942, at the post office at New York, N. Y.. under the Act of March 3, 1879. American Union, $35.00 per year; in Dominion of Canada, $38.00 per year. Other Countries. $42.00 per year. The the Franklin Simon.? Boyd L. C., Atlanta, Ga., and Cleveland, Q. Franklin Simon will open a new store in Newton, Mass., a suburb of Boston, next spring. The City Stores group operates de partmcnt and specialty stores in, 17 eastern and southern cities.—V. 169, p. 2748. $5,291,600 1949 from from Gross $1,170,405 — IG'9, , and Executive Vice-- President D. 18,246,427 $5,266,142 158,895. $1,897,141 per Net $1,397,800' requirements. Balance (est.) income Net -r-V. wich, Chicago Great Western Ry.—Earnings-— $2,016,600 694,441 (net). dividend branch About 20,526,159 providing for contingency reserve were $1,334,405 stock Levin, C. Leo Hutton & Co., will continue on E. and Franklin manu¬ 16,450,315 debentures. inc. taxes July— Preferred and Denny directors Johnston L. $1,999,999 - . (net). deductions ' ' 'V';!..-;.- Howard Retiring . - "Earnings per share for the 8,304,787 Dr7,870 and taxes... $2,028,846 Income Knox, director of City Stores and President of R. H. Mass., and Alfred Blasband, City Stores director and Treasurer of Bankers Securities Corp., Phil¬ B. board. supply with an existing $3,250,226 sinking and Earnings $11,190,816 $10,304,785 $2,036,716 income — - (net)— Balance, trans, 1949 '12 Months Ended June 30— Other $19,806,689. Boston, partner o£ W. adminis¬ income on S. Net 491. Operating- revenues expenses J. 12,330. "386,910 Central Illinois Electric & Gas Co.- -Earnings- Operating was officials will be elected directors of- Franklin meeting of that company. The new director/*, J.« Schwartz, President and director of City President, respectively, of Franklin Simon; and Joseph A. W. IngleliarV 1949 1948 1947 $19,592,250 $25,-792,301 $23,538,028 expenses?—— profit Appropriation £ , company, Vice-President adelphia. converted general income Other 18.573,614 2,995,446 income.— year Herbert John . sales of his year's Franklin Simon, will now reach about ending Jan. 31, 1950. Last year, Franklin. board next include: and that the full with volume Stores, the store, the sales City. :• 167,433 20,290,541 1,781,934 railway total at White are goods sold, selling, ol Total railway.— from gas of City Stores, said character of Franklin ' 1 Board the of unchanged, combination . natural the — Operating 352,514 From Jan. 1— Gross ; . sales tration $2,589,826 $3,057,277 will $6,064;638" 1946 1947 1948 "84,704 railway from Net Earnings— 1949 $2,558,152 Three 6 Months Ended June 30— Net Cost Georgia Ry.- of Central July— - remain the Simon's 1,717,404 Certain-teed Products Corp. (& Subs.)—Earnings^— . markets.—V. world to service affected munities petroleum natural gases as a raw material s and utilizing the latest petrochemical techniques. From there it is shipped by rail to Rock Hill and other points over the United States, and by rail and steam¬ ship $7,782,042 1,812,228 link undisclosed amount Atlas Corp.'s Simon & Co., Inc. The of 161,986. Franklin in delivered gas, their have of glacial and dilute acetic acid to consumers within an approximate 200 mile radius from Rock Hill. Deliveries, are scheduled to start Oct. 1. the 16,831. 772,959 . Board through W. E. Hutton & Co., consisted Simon's outstanding 219,000 shares. Greenfield: estimated $8,302,445 through this line from the Utica plant, will to natural gas. The principal com¬ Oneida, Canastota and Sherrill. The plan will provide more manufactured gas fcr Utica by relieving' the manufactured plant there of the production required for the Oneida-Sherrill area. The substitution of natural gas for oil will also increase the capacity of the Utica plants and will result in sub¬ stantial savings in operating costs, Haley stated.—V. 170, p. 300. factured 6 announced the completion of new ter¬ Hill, S. C.', for tank truck distribution of the Southern textile area. This service offers Rock throughout Mi*. through $6,490,217 Vice-Prc-ident, Mr. Colbert's* to 21 members.—V. 170, a as the Greenfield, Chairman would 1,406 $3,719,148 stockholdings Franklin of 3,342 which extends from Syracuse to Utica. The natural gas will delivered through this line to the company.'s gas manufacturing be "1,448.923-. the corporation, director increases common Albert M. $7,785,384 7 also 541 563^ 354,485 the store management as well as the policies and $8,319,276 plant at Utica where it will replace oil as an enriching agent. 3,500 customers between Syracuse and Utica now served with America—New Terminal Facilities— delivery overnight of a shares 7, pipeline Sept. on at facilities will line new 2,446,415 "70,515 on Sept. 2, announced the election of of the Dodge Division, as a Vice-President* corporation,'and the election of George W. Troost,' arranged $4,492,107 $3,486,501 Syracuse-Oswego. area. is sound. At mid-year the working capital was $2,increase of $507,368 over June 30, 1948, and $1,402,496 mid-1947 total.—V.- 170, p. 194. an Celanese Corp. of The pointed 1949, was $287,130, 30, company position 192,044, " the 1948 28 cents per share preferred stock. President Wallichs, E. Glenn nancial over $136,901, on of quarter second the in whereas 2,228.194 President, the purchase, petitioned the FPC for approval of a planthat will enable the company to supply 4,100,000 cubic feet of natural gas per day to its Utica Division and will expand the present natural^ gas service in the company's Syracuse-Oswego Division. John L. Haley, President, announced that the company proposes to/ build a high-pressure pipeline from the terminus of a natural gas line 16 miles south of Syracuse to provide a second source of delivery from that point to the city. The new supply line will make additional natural gas available to meet increasing customer requirements in the Nil 891,534 "1,039,383 This company has purchased for. an Stores; $18,881 ■ 89,424^' 14,739,287* President of as 1,039,411 corporation Sept. "34,843 17,137,232 City Stores Co.—Acquires Voting Control of Franklin * To Expand Natural Gas Service— 7 275'' 209,776 18,571,170 170, p. 492. Keller, 20,128 — 314,592 Simon & Co., Inc.— Simon 804,540; $2,219,368 287,319 784. p. 19 222 $725,489 $1.60 "$246,717 —— per V. Colbert, $4*525,912 deductions Income $2,458,346 548,479 114,731 railwayi.___>_ income director election 1949—12 Mos.—1948 $4,493,513 $4,546,040 income Gross , $2,886,447 17,035,638 income— $210,000,000. for 1,944.100 18,040 than 1946 1947 1948 1949' $2,553,067 230,287 railway Comptroller Corp.—Earnings— 1949—6 Mos.—1948 (net Dr)__ Other income 4,889,530 less not ; 1 • , oper. Ts L, and 1947 The tEarnings from Simon 3,750,440 1,765,862 999 cost to Chrysler Corp.—Two New Vice-Presidents— L. 4 944 966* expenses. estimated $0.97 $20,703,060 $22,242,860 $41,156,551 $41,762,504 16,157,020 17,749,347 32,837,275 33,977,120 taxes & expenses . "Deficit. $1,907,808 $1.66 .... Period End. June 30— Oper. $6,794,884' i— inc. Fed for Prov. $3,230,119 $0.08 . $3,013,659 i - gen. Income $149,368 $0.10 Operating revenues ■ $5,138,584 —— goods of Selling, $193,025 share— com. Operating income 1943 1949 were 170,. p; 881.. railway open/ majority, returns discounts, allowances and per Central New York Power Capitol Records, Inc. (& Subs.)—Earnings— coaches, passenger railway—-—.. from Net- ry. President, announced on Sept. 6 th& appoint¬ ment of Alvy G. Schaum as Vice-President. Mr. Schaum comes to this company from the Fidelity-Philadelphia Trust Co., with whom, he has been associated for the past 23 years in the real estate department, where he has had supervision of the construction mort¬ gage loan division. . In his new post he will act as counsellor to builders in matters of finance, and mortgaging. cou¬ 2s as cost of. received at the interest net a From Jan. 1— Net 804,393 Edward L. McConnell, England, through their own Six Months Ended June 30— - $2,712,201- $4,094,467 804,348 Central Mortgage Co., Philadelphia-—New Vice-Pres.— bona fide residents payment.—V. 168, p. 147. less 67,023 —V. 170, p. ,687. also announced that, in pursuance of its guarantee obligations, it will pay on Sept. 9, 1949 to the holders oi the par¬ ticipating preference shares of the Mexican Eagle Oil Co., Ltd., on coupon No. 45. the sum of 32 Mexican cents per share in full satis¬ faction and discharge of the fixed dividend for 1948. Payment will be made in London in sterling at the rate of exchange on the date of sales, $216,391 67,023 requirmts. Balance for .com. stk._* company Gross $260,048 income div. Earns.- ' The ry. : K. production of declaration AAX. must forward ordinary share Midland Bank, Limited, London, pons to bankers. from date of payment. beneficial owners who are to 20 from Net ' or in Canadian dollars to beneficial owners who Canada, and/on by Lazards Paris in French francs of 99.034, Chicago St. Paul Minneapolis & Omaha Ry.- -Earnings Net $415,281 — other and Pfd. United States, the are of bid a certificates the for July-r> v: Gross Ordinary tion on were: and' Gross • share coupons will be paid upon presentation and verifica¬ the Bank of Toronto in U. S. dollars at the rate of exchange yield 2.30%, according to maturity. awarded 3,314,585 Int. of exchange on April 1, 1950 to Oct. 1, 1961 inclusive. Philadelphia plan the certificates were bids Four $4,738,800.—V. > sales rates and l7/8% Halsey, Stuart & Co. Inc., 99.6575; Lee Higginson Salomon Bros. & Hutzler, 99.464; Harris, Hall ' Co. ■> '/ H:rV/' "■■■ I certificates will be issued to provide for 500 gondola freight The cars 11,572,314 11,153,350 935,080 333,804 (net) - Inc. awarded Sept. 8 $3,552,000 were 99.599; (Inc.), 99.452. $1,549,077 $21,092,636 $19,068,783 Non-oper. income (net)_ Canadian Eagle Oil Co., Ltd.—Dividends— The company on Sept. 6 announced that on and after Sept. 9, 1949 It will pay dividends of 23.88 cents (Canadian currency) per share on the participating, preference shares against coupon No. 18 and IOV2 pence per share on the ordinary shares against coupon No. 17. Participating preference shares coupons will be paid upon presenta¬ tion and verification at the Bank of Toronto, Toronto, Canada, at the 1,267,043 Co., Ripley Offered—Harriman was These Corp., , 2748. p. issue The ' munic. taxes ——.uf. Net income for the full calendar year or 64 cents per share on the common 9,187.786> 170, p. 492. from 1.10% to * and 88,389,899? 13,618,313 3,894,888 4,363,119* reoffered, subject to ICC authorization, at prices to of 1949—Month—1948 $0.85 with the same periods of last year are inaugurated this year the policy of issuing company on 1,010,160 State 97,607,110 13,790,923 Issued under the $67,893, at prices not accepted bonds will cease sum INCOME $1,757,517 the on the Interest Operating expenses Fed., 108,858,464 3,209,452 "4,335,533 Chicago Rock Island & Pacific RR.—Equipment Trust sale. Period End. July 31— 97,640,914 income—' oper. semi-annually 1849,- 23, 2,495,782: 1,345,573 railway— Lehman Brothers $466,630 trustee, 45 Milk St., Boston, Mass., will, 1949 receive tenders for the sale to it of mortgage series M 3Vs% bonds due Sept. 1, 1972, Operating revenues $0.45 - $83,900 earnings statements. quarterly 1948 share comparisons NOTE—No • Co., sufficent amount 486,481 Equipment Trust Certificates series F, maturing $148,000 $155,552 $82,297 i.—— dividend requirements, stock outstanding. preferred available 153,009 1987. Trust Sept. 20, general an 6 Months 3 Months 1949— 30, adjustments—— common per 108,892 29,401 1,930,276 1,436,998 $728,531 23,855 $211,636 and Colony and to Camden Forge Co.—Earnings— - $137,156 80,410 Maine Power Co.—Tenders— noon iirst Sept. income ry: 3,428,330 550,761 • ' railwayl from from Net 34,148. 73.540 taxes surplus pp. Central New Period Ended June Net 2,650 $365,586 (neti COMPARATIVE > Net authorized but of shares eliminate the 25,000 stock.—V. 170, p. 486. to $4.30' 1,732,598 income oper-. Certificates "p. 686. : Gross 28,039 income deductions Balance York paying agent, registrar and exchange agent for $7,000,000 first mortgage 2%%' bonds, series due Aug. 1, 1979.—V. 170, pointed $694,383 I Federal and State income Aug. 16 approved a proposal to increase the stock from 300,000 shares par $1 each, to 600,000 preference Chemical The - $134,506 ry. From Jan. 1— on common California Net 1,345,531 taxes $1,009,023 1949 1948 1947 1946 $14,721,992 $17,220,589 $14,577,188 $14,047,840 railway railway—— "Deficit.—V. Co.—Capitalization Increased— shares, par $8 each. They also voted to unissued : 668,629 from $2,039,914 687,851 Operating income Income stockholders $822,357 from Net 12 Mos. '49 * Sept. 1!. The Sub.) $337,547 *$337,547 and gen. Gross -Earns. $1,006,176 ----- expenses rev. (& 1949—6 Mos.—1948 Operating revenues Coast, has placed directly a $10,000,000 15-year 3% note with New York Life Insurance Co., it was announced (F.) Burkart Mfg. Electric Co., Inc. Period Ended June 30— 1948 $810,899 $3.45 Chicago & North Western Ry.—Earnings— July— Central Louisiana 1947 1949 $311,950 $1.33 taxes share 2207. per consolidated returns of filing of $512,676 in 1S49 and $371,346 in 1948.—V. 169, p. 2415. _ . after charges and profit —V. $658,463" $930,292 Federal He will road. Chicago Mill & Lumber Co.—Earnings— Net * 103,293 : 881. p. Earnings 7,329 16,384 President of this as 6 Months Ended June 30— $761,760 $1,041,988 Income deductions 7,500 19,888 stock 169, Gross Aug;- 31- retired on $255,786 623,568 (net)—— 51,400 17,000 cumulative preferred stock- 6% income Budd up the management of Chicago's elevated, subway and surface transit system in the Chicago Transit Authority headquarters.—• V. "Other 16,069 . $95,336. -- . on 5,756 58,000 taxes income $418,420 Ralph take 4,839,628* Utility operating income. tax _ __ Federal for (before offices new 4,752,029 400,321 „■ —_ losses 1948- $5,095,414 $515,941 469,818 income ' : $5,170,449 1943 1949 6 Months Ended June 30— Total 1949 12 Months Ended June 30— '-•".'•*0 ■ Chicago Burlington & Quincy RR.—President Retires Central Indiana Gas Co.—Earnings- Budget Finance Plan, Hollywood, Calif.—Earnings- 3 (979) CHRONICLE FINANCIAL & COMMERCIAL for foreign suoscripuons and advertisements must be made in New York funds. Editor and Publisher; on MonaayJ. Other Company. Reentered and Members 0fc Pan- , (9801 4 Colorado Southern & Net from from Net ry. 1947 1946 $967,404 $880,232 11,211 187,728 134,032 Common shares 69,190 •41,282 53,092 83,853 Earnings per railway income— oper. '■ V" Net Net ry. ,• income.— oper. ^Deficit,.—V. 7,595,991 1,253,858 6,490,035 821,580 5,961,725 619,856 314,464 58,053 97,847 421,324 ties Net Net 1949 1948 1947 Gross from Net from Net ry. —V. $200,854 $150,304 $119,460 The 59,597 30,940 17,291 be carried the 1,528,232 1,098,653 of 699,134 581,219 668,646 448,082 406,263 208,172 152,016 records, & Subsidiaries) July 3, '48 wtih the etc.- $37,205,940 $34,763,526 Oper. exps. and cost of goods sold— 24,399,524 22,735,074 Selling, general and admin. exps._— 8,947,507 7,979,098 $38,208,724 The inc. Frov. for fr. sale of facils., depreciation and amortiz- 615,478 receive Wilde, give to size. present and between add to this that Balance $3,243,431 Miscellaneous income $3,538,934 184,303 $3,199,391 $3,723,237 1,490,000 1,435,000 the Wilde rate be stated of that for Federal taxes taxes and the Net income •Earnings for •Calculated standing. cents and depend anticipated that the on increased share. per the that He amount of the 1947 net shares of $2.50 t$2,919,507 $1.70 value par from that $983,246, or $0.57 per These net income figures compare with $2,381,683, or $1.38 per broadcasting operations and $319,033, or $0.48 per share, from record manufacturing operations during the 1946 period.—V. 169, p. 2416. operating Other Sales Total Cost Balance Operating (net) 1,520,000 $5,352,767 1,600,000 197,509 243,227 $3,618,092 _ $4,313,814 $5,335,601 income income 14,035,830 2,611,374 $3,222,261 2,113,340 Belling, administrative and general expense. •Other Balance year and Total income Minority interest (est.)_ ——— iNet income dividends — ... 1,612,218 — Capital shares outstanding—. Earnings per share—.——— $1,466,429 in 1949 and $1,260,779 in 1948. for the six months ended June 30, equal to $2 per capital share.-—V. 169, P. 2416. $3,231,259, Commonwealth & '*/' The,"weekly kilowatt hour output of' electric Of this corporation adjusted territory'served for the 371,534 J948, as week with compared increase an of show to ended,Sept. 4,497,343 busipess 1, 1949, for of energy general 321,874,191 the subsidiaries conditions amounted corresponding to of 326,- week in 1.40%. or also 1949 selling and and other amortization $3,472,093 3,547,746 3,252,707 expenses 144,525 Hearing Set Dissolution— on "The Third Circuit Court - . for the conditions .;jThe stay court be from also will continued the consider until decision of the Chief then the Appellate Justice further Court Paul Leahy - pany's amended plan last July. ^" A', some '! the of 1948 $272,607 438,547 $542,937 surplus— with kwh. the for corresponding ; after income 810; preceding year, (less Period Ended June 30— Operating £•■ / income and 62,030,87$ 51,347,948 taxes., (net) 10,682,928 71,22.) — Federal taxes $26,703; ether income Gross 10,754,157 —* fixtures iric. Net 10,294,745 share—3,274,031 shsv„ per $3.14 and and receivable, income, assets, doubtful royalties, approving the com¬ after The New Sept. for request of .' The special City, dissolution Warrants.—V. 13. the York counsel plan is court makes , for no in the until recess made was by $12,686; due from officers and. machinery, equipment, fur¬ of $904,492), and total, ; .•■; /•' stock H',\v' : ■ u > • purchase ■ income taxes, $378,698; notes shares), Dr$195,813; total, $8,813,086.—V. Coty S. A. (France) 921,216 Provision for Operating Other doubtful and $1,688,174 1,531,863 1,464,034 ....... v Operating Net from income"''—. mdse. & Balance . i J Interest and etc. Other JVV. on $7,229,908 6,117,647 $1,112,261' 77,242 161,854 $301,382 97,453 $1,274,115 stk. $225,491 114,318 Johnson's $2,629,676 $19,713,485 $20,886,382 $354,241, standing. is in Muskegon, Mich., (net)— 1,043,485 21,440 1,708 bonds, office and public $6,439,010 5,605,583 several relations agency Continental Motors, whose 341,981 -Cr4.989 457,272 458,202 169, p. 1988. advertising Co. and an advertis¬ accounts Detroit 1949—3 Mos.—1948 " : income— oper. •Costs, taxes, leases j Congoleum-Nairn six Months Ended (net) Cost of goods oper. $ i;. 76,552,422 and:./, expenses & 632 $368 966 — selling and ad- 18,600,922 Other from 23,164,157 4S9 under qri 7 operations.. v'. income — Net income — Dividends paid Common shares Earnings per 169, p. -L Z. oi common 2641. •'*" share..!. *•' i-"' — '-1 16,756,719. 282,329 . 87,116 Other — income income sale on (net) of assets— $3,462,401 'income Net 1949—6 Mos.- -1948 ■■ .v. ■. Net 1,537,435 l,537,43i» per V$ 1 4 1'<■' ^ $2,182,401 $3,250,577 932,270 932,271 $2,554,340 621,500 1,243,000 1,243,000 $1.75 1,243,000 , 1 " $2.61 $2.05 applicable 16,051,320 francs in to 6bares parent 1948 and 1947, out- company 11,944,759 Italian of Co., Atlantic series at Highlands, N» J, outstanding first due A, 1952, have and interest. 102 V2 The Pennsylvania Co. Pa.—V. 170, p. 104. End! . — Bonds for mortgage been called sinking 5% for fund redemption on Payment will be made at the Banking & Trusts, trustee, Phila¬ were on 4,823,458 • "."...v ; *' iv " •• X' '• 9,513,414 9,349,223 18,319,286 17,894,764 $565,952 $464,550 $836,310 $594,539 36,914 45,444 78,744 87,020 $602,866 $509,994 $915,054 $681,559 80,541 203,301 75,611 166,786 137,126 313,781 133,781 215,350 $319,024 $0.49 $267,367 $0.41 $0.71 $0.51 $257,153 ' Balance — - $263,399 $489,970 $493,447 >/•;V/:./ 3,709,727 4,057,604 3,399,189 4,595,242 7,294,021 7,953,186 6,274,434 8,197,771 12,433,361 814,241 20,250,700 26,864,886 39,198,584 772,953 920,509 883,041 Dr237,530 140,887 Dr296,645 Dr245,954 Dr296,645 20,786,128 27,629,637 39,835,671 3,495,000 5,700.000 7,265,000 10,900,000 15,086,128 20,364.637 28,935,671 $1.97 $3.13 $4.22 $6.00 „.i 1940—3 Mos.—1048 Total , Int., Prov. income etc., for — taxes Minority interest in profit de¬ - inc.- on share 230 income—:——— Earnings per com. share •Incl. depreciation or 379 .147 $332,049 of June 30, 1949, cash on hand and in the banks was $1,893,579, $390,403 higher than a year before. Inventories of $2,685,026 com¬ with $3,328,065 on June 30, 1948—V. 170, p. 301. pared Creole Petroleum $10,125,160 "■ $9,285,503 $17,681,088 $16,581,533 shares - outstanding.—.V. 169, 'p. 2102. Williams, Chairman of theciBoard, and .Gc:d:r. L~e,o"'re/T.rr-'"' » on Sept, 7 said.\i"Unfilled ordjers.tof $13,839,000 on Sept. 1, 1949, only slightly under the JunetrGO' backlog in spite of heavy 7ship^ are an Corp.—Earnings— Six Mos. Ended June 30— 1949 1949—6 Mos.—1948 B. ments in:tbe current and 1949—6 Mos.—1948 $9,813,773 $19,155,596 $18,489,303 *-• Other income 51,555,309 114,602,526 105,174,358 Cooper Bessemer Corp,—Unfilled Orders Slightly Off dent, 1949—3 Mos.—1948 $10,079,366 nthpi* «nd 79,800,440 156,714,619 158,845,147 Earns, after taxes and charges-/Earnings per share — Net B. June 30— — colpc operating expenses • ij . ".'t'." 9,530,002 — share— $4,190,740 1,636,400 1,537,435 on / •Federal and State oil and gasoline taxes are not included in operating charges and the amounts collected in respect thereto are not included in gross operating income. The amounts of such taxes paid (or accrued) during the above periods were as follows: f Based $5,325,577 2,075,000 based subsidiaries 1949, - six months ended June 30, As income Earnings .....—4 1,280,000 share, per profit sales '^Pncf' nf 13,025,002 __ Prov. for estd. Fed. and State income taxes—! $4,075,329 89,932 1 115,411 •■ of delphia, will 74,045 costs $5,235,645 ■ Prov. for Federal & State inc. taxes 1947 147 333 $3,375,285 income Total not; amended ..retirement plan for employees Profit 1943 $22,428,841 $28,908,736 $21,114,377 , payment V 1949 , expenses— Depreciation * 30— for the Brickote, ///.- 56,351,730 retirements- devel. Dividend Total Inc. (& Subs.)—Earnings- — soid, ministration Premium June 174,338 5G9 — French Net $553,000 next, ductions Loss Sales 21,421 . 177,118 Creameries of America, Inc. (& Subs.)—Earnings— Net oper. Income 114,550 formed $0.23 or francs in of the Period 278,554 $783,031 All Subs.)—Earnings- Deplet., deprec., surrend. $932,134 initial Michigan Music Continental Oil Co. (& $833,427 $1,061,585 have 170, p. 301. Period End. June 30— 228,158 years, $565,351 Called— 1, for 1,783 $525,083 — outstanding County Gas immedi¬ gold relations 36,313 ' / $352,384 1947. Oct. public 1948 $1,646,931 1,186,223 — profit of in in subsidiary applicable to parent company was 2,005,282 lira in 1949, 4,812,007 lira in 1948 and 8,735,418 lira in 1947—V. 170, p. 301. / /'■ Net - Net 12,179,009 francs advertising has been placed with headquarters June $22,- $1,734,454 accounts—— (1)—The net profit This change, in Continental's * advertising set-up follows the resigna¬ tion Sept. 1 of Nat W. Hopkins, who has been advertising director since 1945. Hopkins and Glenn H. Cummings, who has handled Con- Intang. 75,891 $246,842 NOTES was ., "admin, ________ Mbs.—1948 Reese, . disct. com. Mr. Gross $344,295 Net income Dividends to banks 2749. p. Subsidiaries foreign income taxes applicable to minority interests profit Capital shares ately, he said. include for — debt -'-fend expenses 'fj- . $224,140 58,045 ■ _ avail, interest, . other 'misc. operations nr $286,250 Detroit 1949—12 Mos.—1948 $1,818,113 — corporation's to 1949 profit deductions Profits , this payable 169, Provision for Vice-President in charge of distributor sales and President, announced on Sept. 2. The company's advertising department is to be removed from its present location in Inc.—V. 1949—3 Mos.—1948 Operating revenues Expenses and taxes—. of J. in¬ Europe) Gross profit on sale——— Selling, general and administrative expenses. Depreciation of property, plant and equipment other than that charged to cost of goods Sold Johnson, C. ing Community Public Service Co.—Earnings— Period End. June 30— Wheeler for goodwill, $8,813,086. Continental (2) Supervision reserves unexpired $250,913; (par value $1 per share), $1,537,435; capital sur¬ earned surplus, $3,328,705; reacquired stock—at cost (Excluding Continental Motors Corp.—Changes Advertis'g Set-Up C. (less $652,637; taxes, Six Months Ended June 30— 10,611,162;, 11,949,297 $3.65 $3.24 1949—8 $30,- $4,523.- refundable stock $2,006,121; tiental's the for 170, p. 882. \ 3. Victor Leven- <»"..• appellant, provision Oct. M. $2,174,589 of market), Coty International Corp. (& Subs.)—Earnings— 180,465 —V. 170, p. 688. service, hearing 1949—Month—1948 — — accounts or estimated improvements expenses trademarks^ $1; cost $28,493; $50,071; leasehold amortization Federal capital (38,529 for the six months and the 12 months ended June 30, 1949 were increased $730,000* and $1,123,000, respectively, as a result of new rates pdt bito effect by The Peoples Natural Gas Co.. which rates are being contested.—V. 170, p. 592. Period End. Aug. 31— $600,000 for (non-current), $500,000; royalties payable—due subsequent to 1950,. $70,000; reserve for fluctuations in foreign exchange, NOTE—Revenqes Sales of 30, 12,870,513 218,411 credits banks, $2,212,506; accounts receivable- discounts (at the lower of on and 12,690,048 459,412 income 1^,. and prepaid for serve plus, 10,829,573 and 'LIABILITIES—-'Notes payable to banks (current), $300,000; ac¬ payable, $185,056; accrued payroll, expenses and sundry lia¬ bilities, $480,4^4; dividends payable, $29,013; due to officers and employees, $46,301; other taxes (accrued and withheld), $124,430; re¬ 12 Mos. '49 10,724,481 105,092 $134,400 counts last 58,274,993 106,989,594 47,500,512 94,299,545 * for inventories of and surance, formulae Subs.)—Earnings— > 1949—6 Mos.—1948 revenues Operating expenses Other . of hand and in on reserves employees, the same week amounted to 748,500,000 727,400,000 cubic feet in the same week increase of 2.9%.—V. 170, p. 882. an taxes miscellaneous—accounts portion of $0.05 amounted 1947 CONSOLIDATED BALANCE SHEET AS AT JUNE 30, 1949 . 541), $1,055,267; $599,672 week 1,498,906 profit for the six months ended June 30, ASSETS—Cash 36,000 $506,937 .*$59,431 1,498,906 outstanding share contingency reserve and $89,789 for prior years tax adjustment. This equal to 18 cents per share, based on 1,498,906 shares outstanding. niture 190,600,000 118,053 is $635,672 36,000 and 31,471 tax •Income. $1,074,220 428,853 per customers dividends 24.333 income $168,769 shares NOTE—Net $2,618,779 1,544,559 $971,790 Consolidated Natural Gas Co. (& that the her appeal specific date for this will be set by Chief Justice John Biggs, Jr., time The tritt , on *$208,952 charges Federal loss Capital Earnings Z>r 9 72 declared other for j£-V.^ $2,619,691 — and Provision year, an increase of 4.0%. Local distribution of gas in cubic feet, compared with request passes 129,926 $144,436 loss Interest and Consolidated Retail Stores, Inc.—August Sales Lower— Appeals tentatively has set Sept. 19 for hearing on a motion by Adelaide H. Knight, owner of common stock ^purchase warrants of the corporation, to stop the company's dissolu¬ tion plan from going into effect as scheduled on Oct. 1. •$79,026 27,594 loss income Total to dividends— common Other The company on Sept, 7 announced that local distribution of elec¬ tricity for the week ended Sept. 4, 1949, amounted to 198,200,000 kwh., compared • of a 140,36(1 $172,030 _— Net ; 1948 $3,520,241 admin., that, $2,103,838 1,222,048 charges charges dividends hoped £>rl,648 — Income deductions Corp.-^Weekly Output— 1949 396. p. profit Depreciation 169, p. 2749. Net Southern 30, G Months End. June 30— Gross depreciation 1947, was . $0.69 JUNE Coty, Inc.—Earnings— to of $2,195,486 taxes ' NOTE—The net profit •• be further Consolidated Edison Co. of New York, Inc.—Output— 1,612,218 $1,897,322 1,612,218 $2.24 $2.18 •Includes non-recurring income of $1,906,372 in 1949 and $686,016 in 1948. tAfter deducting depreciation, depletion and amortization of . will as 655; $2,005,874 1,612,218 __—_—- ..^Surplus for period-——— total, $3,388,638.—V. 170, Net capital other before Preferred $3,509,540 1,038,953 " U. S. and foreign taxes the special year-end dividend can any such dividend will of neces¬ — earnings. before and Balance 13,486,954 2,528,971 SHEET LIABILITIES—Payables, $459,564; accruals, etc., $47,617; Federal tax $390,507; other liabilties, $53,297; capital and surplus. $2,432.- 653; $19,238,186 $20,961,018 —T„_:_ sales and other operating expense of BALANCE reserve, regular quar¬ shares, will be at is — gross Interest —V. 1948 1949 $413,887 600,000 shares keeping accounts 1949— revenue— Operating expenses and Columbian Carbon Co. (& Subs.)—Earnings— , on ASSETS—Cash, $714,897; receivables, $919,728; inventory, $1,170,624; (net), $555,925; deferred and miscellaneous assets, $27,465; $3,388,638. Co.—Earnings—• income from :'k Six Months Ended June 30— of share fixed assets next of it the tions. share, 275,000 1 Operating ,};•Z"'-: v;j:;;' "v.-V'-Vl.'-"V Connecticut River Power out¬ stock shown income above, $1,936,261, or $1.13 company's broadcasting operations share, from its record manufacturing opera¬ realized was $2,288,237 $1.33 $688,887 Total, a earnings for the prospects at the time.—V. 170, p. 688. VZ the number said the upon Gross $1,709,391 $1.00 — 1,717,352 upon tOf share, per and period— share per results capital $600 941 27,946 CONDENSED value par in more surplus stated Six Months Ended June 30— / 290,828 1 profit General it is the first 25 declared sity ./.:• Income before-Federal . Provision desirable capital to sum 1,514,450 income close regular quarterly cash dividend at the rate of 50 cents per declared, payable Oct. 1, 1949 to holders of record Sept. 17, Mr. $4,718,707 1,799,200 196,908 $10 primary purpose capital a 5,248,462 expense was terly dividend, the $4,521,799 & 0r44,O4O (net). the company that other following the practice of recent years, ■v the at '/"vV/' ;: stated the said He ratio better a President, is $7,714,681 Earned per common surplus, account record additional one 1949 1949. 25,359,323 7,736,986 590,616 510,420 will Net This increase will the of held. 30, the from company share Net 1949 then from stockholder JUNE Prov. for 1949 Federal income tax in increase an protection to policyholders. 13,202,644 :« 17, change establish —$52,885,319 $48,816,986 $51,411,368 14,053,460 B. its agency 15,679,379 $3,000,000 of each share to previous proposed June 28, 47 facilities, etc commissions, record returns, aLows. & discts._ and ENDED income Total capital increase took place In 1929, when the capital $2,000,000 to $3,000,000 after the par value had been reduced from $100 to $10 per share. The stockholders then paid $10 per share for the additional stock. (& Subs.)—Earns. July 2, '49 voted 8 transfer a Sept. increased Frazar Domestic by account each for The was from sale of lines, business share 202,198 279,912 out capital Sept. on MOS. Operating profit on Other 25,414 432. income stockholders 9 an 2681. p. 80,044 1,514,067 railway—— income— disct. 1948.—V. 168, 31, FOR sales Manufacturing overhead Selling & administrative including working to (Including talent Indicated of ACCOUNT sales Total current liabili¬ 34,855 26 Weeks Ended— Time $500,587. Net Cost $0.54 $1,458,512, 30, authorize capital stock from $3,000,000 to $6,000,000, par $10. Columbia Broadcasting System, Inc. Gross June on Refrigeration Corp.—Earnings— INCOME $161,366 2.99,954 30.9,287 $0.61 : share—_—- assets 1948 $188,975 64,874 railway p. outstanding- common Copeland v/1049 ' taxes——-- 31,990 oper. 170, 30— Increased—100% Stock Distribution to Be Made— 1946 $180,406 From Jan. 1— . Monday, September 12, 1949 Connecticut General Life Insurance Co.—Capitalization Colorado Si Wyoming Ry.- -Earnings— railway from railway ry. oper. income.,— June charges and current were Dec. from CHRONICLE capital of $957,925 showed increase for the six months of $79,102 over the figure of $878,824 170, p. 492. July— -. Ended after 1949 were $714,120 of cash and U. S. Government securities. ; Gross Months income Total railway—7,396,032 railway 1,401,453 from ' Six Net . from FINANCIAL & Compo Shoe Machinery Corp.—Earnings— V 1948 $1,060,099 192,797 radway From Jan. 1— Gross Ry.— -Earnings— 1943 $1,068,926 July— Gross COMMERCIAL THE quarter to date.-Present" inquires continue strong encouraging sign for the coming year."—V. 170, p. 689. 1948 $ /.■/ $ 51,500,000 100,020,000 — $1.99 $3.87 1947 $ 62,006,401 $2.33 production, plus purchased royalty oil, for the first six months of 1949, totaled 98,374,767 barrels, cr an average of 543,507 a day. This compares with 114,673,375 barrels, or 630,073 barrels a day, for the 'period in 1949. r. seme 11% ./Work -on the company's 60,000-barrei refinery at Amray on Peninsula edf Paraguana is proceeding satisfactorily and it is ex¬ pected ; that the. plant- will go on" stream early in 1950, A. T. Proudflt* President, said on Aug. 1.—V. 169, P. 2312. _j ' *. * ■ Number 4837 170 Volume ' .' ' v Wholly Owned ' 1946 3235,756 $233,046 $179,854 187,913 $1.13 187,913 $1.25 187,913 $1.24 187,913 $0.96 shares months FINANCIAL the of rate $12,000 1949 of Losses 11 drilled ior holes dry on oil in June, oil webs, one for Federal Reserve for State Net 6,169,922 6,259,^04 2,680,000 2,760,000 244,242 230,812 Canadian $3,268,492 1 sales Cost goods sold shipping and of Selling, 4,790,265 2,022,000 150,171 2207. Net • Earns, $3,236 shares —V. share 1947 6,501,467 552,946 5,701,863 taxes $73,902 $1,984,134 Crl8,210 taxes Alkali Co.—Obituary— Emmett 13,000 745,000 $662,123 85,436 170,874 136,699 $0.19 $3.68 stock common common share for second the of quarter resulted 1949 in of share) for 170, $1.94 the 1948 1949 in $1,278,438 $1,239,608 received holders of $7 its to subject that, dated prospectus a the Eastern States of 30, Aug. series plus cash, Corp. St. exchange for States Aug. 15 offered 25,000 shares of common (par $1), in units of 50 shares to each purchaser, the as this Inc. not. the < each of share series $7 ykkv corporation, Pennsylvania a A ■ , the 2, preferred properly in cash • have of holders share per $6 series B preferred stock close of business on Sept. stocks of said 170, record Was on at the close of business on of the to Sept. the 70th consecutive dividend pay¬ 170, P. 396. v Federal after charges taxes—.! prolit income Sept. 20. The company plans to sell the entire issue to Investors Diversified Services, Inc., at $100 a share. Proceeds will be used to holders profit 123,700 Earnings per share on 262,002 shares —V. off bank loans. completion of the stock sale the company plans to increase its present 15-year $1,500,000 loan from the Equitable Life Assurance Society to $2,000,000. The addititonal $500,000 will be added to work¬ 168, p. 1797. pay Upon Electric Bond & Share Co.—Seeks New Status—Asks Exemption From Holding Company Act—The company Exchange Commission an amended Plan III, applying for exemption from the ing capital. ■ ' -k kkkkkCV;.' Company's capitalization consists of 500,000 authorized ($1 par) common shares, of which 320,986 shares are outstanding.—V. 170, 689. ky; y has filed with the Securities and provisions of the Public Utility Holding Company Act -yykkkv railway Gross from railway_..__i' " income Net from From Jan. 1— Gross Net from ; 87316 13,704 from income - 2,318,990 3,035,020 3,656,899 * 674,743 v 394,511 - subsidiary more 570,134 133,054 295,372 exemption from provisions of to *83,925 its of present companies which are, a the Act, . New Television Receiver Plant—date The receiver television new been for set assembly Allen 26, Sept. and dedication official the for B, plant In opening of the company's East Paterson, N. J., has Mont, " President Du announced on year, it other in the world. Capacity by 1,500 production line operation will be 10,000 receivers per week. plant full V workers under from 13 spending the comprises approximately 58 acres of which the plant proper covers an area of approximately 9% acres. In the main plant, there are approximately 391,000 square feet of factory space and 87.600 square feet of office space located on the second floor of the North and South ends of the building.—V. 170, p. Co.—Earnings— Eason Oil \ property oper. of Cost income^-— 1948 1947 $1,217,063 535,:..28 $786,414 461,997 143,197 132,799 sales—™.:. Net operating profits. .Other 469,719 - and gen. expenses ■< •Oper. income 155,631 * • i $538,738 $532,947 * - —i-y- .. - 15,944 136,950 $191,617 ; 13,760 $134,720 -14,872 18,398 - ' Net profit before depict., int.» deprec., •' y $548,891- etc. $552,498 1 ' - 126,013 taxes_ 160,737 outstanding- $262,160 307,235 $0.82 ♦Deplet., deprec., etc Prov. for Net Com. income profit shrs. Earns, per •After -$8,832 in com. share deducting 1946 $25 profit in on 1949, disposal f $279,964 306,217 $0.88 '. ' ' ' 1''' " . $206,489 $153,118 71,180 "66,097 . $120,505 L 309,828 $0.36 $8,169 in 1948, $58,108 in of properties. " *" 33,447 * . $48,491 306,217 $0.12 1947 and preferred stock was called, with 489 shares exercising the right to convert, with funds borrowed from our bank on the production of the Humphrey and Humphrey-Goodwin Jesses; and future credit was arranged for development through assign* ment of crued oil runs, thus preserving the working capital. The NOTE—The 7%% cumulative assistance It is as is may and in required this be that providing such company a "integral part of the company's program *ecurifv all to that Bond and into Power an AMENDED PLAN III PRELIMINARY (A) Plan) Bond submitted is for and as and a UNDER HOLDING UTILITY by SECTION IKE) to '• -! \ personnel. and Gas, Bond and Share is in the position of A with long experience in the natural gas busi¬ and related fields. Among other things, there are indications investments in fields related to natural gas may not only be the United of case investor, themselves but also produce enhanced values for Bond stockholdings, along with those of other investors In With the company's investment in United Gas, the in Share's and Gas. two-thirds invested. Gradually, the in United Gas may be reduced, but it the time being to hold this investment it is believed, will appreciate in value and provide a steady of income, unless and until specific opportunities present its start will program proportion of its assets invested is advantageous highly which, source for capital on a more attractive basis. In the derived from United Gas will be a stabilizing the quality of the Bond and Share < common for investing meantime, the income improving stock. ' The v.. . company's program preserves advantages tax Plan III - to arises which stockholders its out of tax losses •> Share Co. butions, make dividend distribu- in without ordinary asset v of invest- distriof their stock, such dividends position of the company is a valuable be applied in reduced such stockholders becoming to income. This tax stockholders, the the loss hardship on many of them. of the tax cost subject to tax on of • which ■ - • would inflict severe . ' the fundamentals of which were submitted to the stockholders of Bond and Share in the annual report of the company for 1944 and periodically since that time, is believed to provide the greatest likelihood of producing enhanced earnings and values for the stockholders with the financial and manpower resources remaining to them after meeting the mandate of the Act. It is the company's intention to subit the program to its stockholders for their formal approval at the appropriate time. ; The company's program, (C) (the Bond and Share Co. in substitution to Plan III of the Plans of Electric July 25, 1945. Electric dated im* not possible to pass dividends received from United Gas or other on to the stockholders of Bond and Share as capital as ► are accumulated ments - PRESENT complete amendment • preliminary statement of the plans of the company dated 1945, it was stated in effect that upon consummation of such plans the company would cease to be a holding company with respect In are taxable as ordinary income the past and the availability of other tax losses which, when realized in the future, may offset the company's earnings In a given year. In such a year, it will be tions • The ability of the company to to come. years s OF THE PUBLIC Amended which portant to individual stockholders of Bond and Share since under the program the company hopes to be able to pay dividends which, under Federal tax law, will not be taxable as ordinary income for many COMANY ACT OF 1935 STATEMENT—This opportunity to help important opportunities for profit will present countries, which will be highly important to this and Share's stockholders. Foreign Power can be of Bond and Share in view of its foreign experience, as " ♦ involved. holders Share will have a well as advantageous to Bond development of these opportunities, United that operation are, to In beneficial be service that subsequent in connection with these combination of Bond and which companies "detrimental consumers." Foreign profitable ' profit for of that the company upon consummation holding company which is "not, and derives income, directly or indirectly, from any one and United Gas is an the ness with capital opportunities its knowledgeable action anticipated for 45% of the net operating dep etion. Only a minor the retail * and Moreover, In as the experience and talents of Ebasco will provide to the stockho'ders. It will also be a type will be useful to the economy as a whole,- the need for which is pointed up by studies recently launched by the Joint Congressional Committee on the Economic Report, and a recent statement by the Chairman of the Federal Reserve Board.? • ! Messrs. Calder and Walker also stated: "We believe that, with the reorganization work .required by. the Holding Company Act "out of the way, this program has the promise of producing increased values and earnings for the company's stockholders. It is our intention to submit this program to the stockholders for their formal approval at the appropriate time." Share a of influence, investments of selection and investments. depreciation believed is be or contacts • ■ 19,888 \ 100.943 171,591 ' -!,' ing it will Is believed real * constructive stock of United in foreign In ; contained ability and take in Ebasco. 1948, accounted taxes, themselves the report capital," of pool to technical 371,219 Inc." and other services the United States and outstanding common stock technical will also continue to own common part should country, many on of clients of the countries; problems.. states, "combined with the type of in the Ebasco organization will be in a variety of business situations now generally recognized as not adequately served by existing capital markets. The use of Ebasco will be especia'ly valuable in the screen¬ "A able 1946 $642,889' Share the profitable enterprise for American investors when the personnel of both companies are in a position to devote their full energies to Foreign Power's operating and financial and Bond Services Ebasco knowledge k , 1949 $1,158,298 6 Mos. End. June 30— Gross and with Inc. contemplates that when the company has disposed of below) it will be entitled to exemption from provisions the terms of Section 3, particularly Section 3(a)(5) themselves discussing in .'.'kk kkv'kk >, '< 883. Bond resources expert Services contrary, the future program of the company utility securities as, in the judgment of the directors, may be profit¬ ably employed, utilizing the experience, skills and knowledge available $750,000 preparing the building for television manufacturing and electronic parts divisions opera* Paterson East The of the rebuild the hardship severe In tions. < stockholders the to Ebasco will continue to own securities of Foreign Power, the public utility subsidiaries of which operate subsidiary company of asset valuable a inf'ict than more receiver assembly to on other and business of which within the United utility company," and since it is further stockholders, the loss of which would of them." Share's contemplated future program, it was pointed out that: "The company will devote to non-utility invest¬ ments such of the funds realized from liquidation of its domestic is acquired the former Wright Aeronautical plant last War Assets Administration for $1,350,000 and is corporation The possible be investments in situations promising opportun¬ investment present principal It in a given year. In such a pass dividends received from United Gas capital distributions to be applied in reduction of the tax cost of their stock, without such stockholders becoming subject to tax on such dividends as ordinary income. This tax position of the company scale Dec. will or plant contains more than 480,000 square feet under one roof and is said to be the largest and most modern television receiver assembly The for financial business of United Gas is repre;ertcd by gas utility company, as defined in the Act. since more and future, may offset the company's earnings Sept. 6. ■ a plan V Power under ordinary income arises out of tax losses accumulated in the past and the availability of other tax losses which, when realized in the end essentials , company as the to the , are since contem¬ plan assets program, a the public interest or the interest of this connection, it appears clear that, will be beneficial not only to investors and consumers but to the pub ic. The company's proposed program will create a substantial revolving pool of capital which will be of aid in solving one of the major ..problems in the capital market recognized by the Commission and other prominenteauthorities. < The -problem of supplying the needs of business for equity capital has been pointed up by studies recently launched by the Joint Congressional Committee on the Economic Report, end statements by the Chairman of the Federal Reserve Board and the President of the New York Stock Exchange. Moreover, the combination of financial resources with the broad experience, tech¬ nical skills and other expert knowledge 4 available In the Bond and Share and Ebasco organizations provides unique opportunities for profitable, socially useful and constructive investments.. . V: The retention at this time of the company's interest in Foreign that: "The company's program preserves tax advan¬ important to individual stockholders of Bond and the program the company hopes to be able to pay dividends which, under Federal tax law,, will not be taxable as ordi¬ nary income for many years to come. The ability of the company to make dividend distributions to its stockholders which are not taxable which • Act under public on . . . funda¬ parent a the (see f investors .The plan states Share - (Allen B.). Dn Mont Laboratories, Inc.—To Dedicate * or one any tages Deficit.—V. 170, p. 592. , dispose of all as or companies States is that of believed that the situation here involved will not warrant a finding by the Commission under Section 3(a) of the Act that the exemption sought by the companies the principal business of which within the United States is that of a public utility company" and should, therefore, be entitled v railway oper. 133,057 .... Bond and Share will investments, except those in American & Foreign Power Co., United Gas Corpl and Eba.;co Services Inc. The company stated that it will then derive "no material part of its income, directly or indirectly, $386,004 > 44,552 $497,877 ' of material or 3,211,951 "137,667 *140,379' railway from Net ry. * *9,318 *41,583 oper. ry. ik: III Plan Under 1946 1947 '1948 $561,919 ' 105,937 " 55,435 1949 ; $472,089 • ygk 1935. of -Earnings— Shore & Atlantic Ry. South Duluth July— the the a 133,000 $200,180 $0.76 of plan thereof, 1948 $333,180 $183,609 $0.70 — - — proposed steps effected business additional out of Ebasco other all owns before company Net the of have PROGRAM—The of capital and by and operations, .in of the of the F. =: Corp., The (& Subs.)—Earnings— 1949 $307,309 Co. completed will directors, skills Share rendering company, of 30—k. Months Ended June Light subsidiary of the conformance one former carry of the indebtedness no 6 to company company the assets this Fund.—V. 170, p. 396. , and company The business or Issue— & system. combination industrial, certain portion quarters of 1948. A year-end distribution of 33 cents was made 24, last year. The current declaration constitutes the 72nd consecutive dividend Electrical Products Corp. Power completion its dispose pool a technical Bond The revenues on payment by stock¬ which company together with its subsidiaries, engages in Vail aspects of the natural gas business, as welj as in the production of crude oil, other liquid hydrocarbons and su'phur. These latter stockholders of record Sept. 15, 1949. A similar payment xvmrch 2o and oune 2o, last, and In each of the xirst to 24 made of the Continued (4) dividend of 10 cents per share, payable a preferred a its not ; wholly in foreign Dec. on consider the inventions disclosed in the useful, practicable and valuable, and they tests made to determine whether or not this Co.—Plans Preferred the holding a three plans T. declared trustees have Sept. to issue 5,000 shares of 5V*% ($100 par) pre¬ Dolan, President, discloses iri a letter to stock¬ The proposal will be voted on at a special meeting of stock¬ stock, Carolina PROPOSED position a experience, (3) The like amount in each of the A year-end distribution of 40 cents was dividend constitutes of or holdings in American Gas & Light Co. and has disposed & company of utility will company in where utility, and share, pay¬ per the nature widespread be the Upon III, the in* the judgment of non-gas 785. 170, p. company holders. June 15. and to all whether are: in Gas by this Fund.—V. Operating The and 25 cents Sept. 25, last, record 1948. 24, current The be to suitable have Dobeckmun ferred March of retired knowledge avail¬ organizations can be utilized constructively. The capital pool will be represented by such of the funds realized from liquidation of present investments as may be profitably employed, particularly in situations where capital is needed which is not readily available through established investment channels; o . ' >,'■ •- • • : able Eaton & Howard Stock Fund—10-Cent Distribution— company applications is so.—V. dividend of 20 declared a Plan in Employment broad common patent applications may have much or little or no value, and true or the inventions disclosed thereby. The officers and directors Dec. on The the same is patent its holdings in stock. of the and <2) three quarters of 1948. A inventions. Net (1) to stockholders to made which These have 24 ment its of 1945 stock consummated has the question of liability to its former Power 25, connection * a will which ities 592. p. disbursed was company of been company in original COMPANY'S that It which, 30, on trustees Sept. immediately after its organization acquired for 136,950 stock five patent applications made by Fred A. are pending in the United States Patent Office, two gasoline airplane engines converted to Diesel engines in accordance ■with inventions covered by said patent applications, drawings, pat¬ terns, and other materials useful in the practical application of said p. of the City of New York. the $7 series A preferred stock and on of THE that Eaton & Howard Balanced Fund—20-Cent Dividend— The able (par $1), first Thaheld, of amended plates V '"" vkk'; the $6 series B preferred stock of Eastern States previously been declared for payment on Oct. 1, 1949, to 1949.—V. applications and other property. The general purpose of the company is to develop an improved type of light-weight air-cooled Diesel engine. shares the July preierred with the Act filed by the company's present or utility subsidiary holding companies and their sub¬ have been completed, or are about to complete, conforming to the Act. American & Foreign Power change (B) of Eastern preferred stock III, filing certain which class this mental stocks of Eastern States Corp. to deposit their certificates, Letter of Transmittal, prior to executed single a in abroad. shares of of which 137,450 shares have been issued: 500 incorporators for $500 cash and 136,950 shares for patent shares to the desire the of a share per Corp. 1949, engines into Diesel engines. capital stock of the company is 2,500,000 stock common The by Dividends of $1.75 $1.50 authorized The holders the company kk in The company's program of compliance with the Act is therefore approaching completion. Its assets have been drastically reduced and its capitalization simplified so that it now has outstanding only said date with The chase National Bank of u. in July, organized and accompanied of manufacturing and selling Diesel engines, appli¬ increase the efficiency of such engines and appliances to convert other have plans of assets Act. purposes to ances plans company's (Foreign Power) remains as the which has not as yet substantially desiring to accept said offer are required speculation and as a limited participation in a new proj¬ ect, which experiment may demonstrate to be success¬ lor all of process and conditions corporation has stock plus $4.79 of d Ate III the steps domestic the follows: exchange offer will expire at the 1949, $50 per unit, with preferential right to purchase an additional 950 shares at par. This stock is offered as a is of Co. Expires Sept. 30 terms 1949, Regis Paper Co. common Corp. The at or the company's only all ol its of the from of P.an concept Han a plans, conformance former A $4.43 in cash in exchange ior each share of of Eastern States Corp. & Co., Offered—Graham Inc.—Stock Power, New York, on Company disposed of the that Pennsylvania all filing most sidiaries, Eight and one-third shares of St. Regis Paper Co. common stock plus ful, result company's all of company been in to Nine shares " 170, p. 689. stock has of of that Euch exemption original amendment the of These the and substantially for the preferred stock and $6 series B preferred stock the privilege of exchanging the shares of said issues for shares of the common stock of St. Regis Paper Co. now owned by Sales Declined— 1— Sales has Notice ofiered Month of August— Diesel and basic the is oi Plan III with the Commission in July, contemplated by that plan have been accom¬ plished in connection with the other plans of the company, or other¬ wise provided for or accomplished in connection with various plans 105. p. specified 52.—V. 170, p. 689. was Diana Stores Corp.—August V. of certain (leaving open has any further Co. Since 1945, profit net a of retirement. with the since an the company States for 5 • stock company Electric 383,000 $1,257,344 Eastern States Corp.—Exchange Offer / Vice-President-PurchaseS, died Sept. 2 in Pitts¬ Bittner, He Pa. such remains occurred retirement sale United consummation Commission necessary II-B and the the holders) ($.03 per share of common stock). This compares with $55,482 per —V. other charges. and all k W. with preierred 15,256 $63,682 : II-A This subsidiary any the upon the to have make ? I, with with $1,060,379 Cr2,7o0 ine-w-w on changes which large extent 474,604 169, p. 2312. burgh, plan and fivst quarter of the year. In view of reduced earnings and uncertain business conditions,'the directors took no action on a dividend at their meeting on June 30, 1949. ($.16 100,240 $2.71 100,240 $4.35 certain apply that with Federal depreciation, interest, Diamond ♦ provisions of the Act. but would from, within and the Plans 5,088,297 5U3.477 exps. income no which of company company $7,236,851 ik-k-'iiiiH -i on of $8,200 $334,351 $497,850 100,240 Nil outstanding per common •After 1948 derive business the dealt $9,038,547 ~ profit Operations July 16, '49 July 10, '48 July 12, '47 income Common general would utility respects. $5,665,076 (net) Earned per Cushman's Sons, Inc.—Earnings— ♦Net Subsidiary) "' 1949 operations—!..—___ from. Dividends Week; Ended— three and the Profit Deductions Provision for f ed. 2J well public $2,618,094 taxes Net earnings —V. 169, p. distillate In Eastern Corp., Bangor, Me.—Earnings— wkkv, .'k ; 1949 ■ 1948 1947 $71,610,652 $69,819,640 $63,478,517 tax income to, -and principal barrels. * $3,245,679 Reserve 31,723 was company's own account and with relatively low.—V. 169, p. 1006. 6 Months Ended June 30— Six Months Ended June 30— (981) that (& Subs.)—Earnings— Gross operating revenue Earns, beiore red. «Sc State inc. taxes or the above leases. on gas minimum the were (Including Curtis Publishing Co. CHRONICLE month per 194J, cruue holes have been others. ' 168, p. 2541. at of dry 1947 outstdg. Earns, per cl. A share—V. production six 1948 $211,797 laxes A & of the proceeds of the crude oil sales JNet profit after charges and Class retired is loan 66% Subsidiary) Domestic 1949 " 6 Mos. End. June 30— Net COMMERCIAL bank Corp.—Earnings— Crown Cork International (Including THE X' ' • the COMPANY—At • stockholders. AND INVESTMENTS OF THE company's permanent capitaliza¬ shares of common stock owned by over 50,000 also outstanding $12,000,000 of bank loans CAPITALIZATION hereof, the the date tion cnosists of 5,250.358 July 25. There are 6 THE (982) Feb. due the At . approval ' of Total Shares or Inc., 3% preferred 2d preferred Common Option * Cuban ($7)— - A Co., 6% debs & Light Co., Power Federal 38.64 38.64 preferred Other Interest Gas Corp., common Power & Light Co., com. 20.67- 5.301 Net Electric Atlantic City Carolina Power & Light Co., com. Co., com, «. 46.56 46.56 0.22 0.22 0.92 0.80 Light Co Utilities 191,590 ,— , Net 6.63 343,844 7.81 7.81 7.81 application for such / Middle South National ;,,;; & Power Light Co.— & . Minnesota The & Power Montana Texas' Utilities American "Or Co Light to Co._ proceeds from plan reorganization of sales approved the by After sales debts, liabilities and obligations, or therefor, and before the completion of payment provision of established mission. tion The for the mentioned notwithstanding, aforesaid Commission, the from company, and will or or any will "public any "associate pany an those terms be be made (in Step 1 sales the to of without in any securities of company" "holding any make $1.44 ' A . tax rulings 170, closing and Sept. " \ 30. The • V'-',.' have income the company, 1 taxes as ,, Commission effect 266,364 that, Step shall this approve plan it make order an to the also company 21, 50 cents; extras paid Dec. and 21, follows: as June 22, 20 Net profit before Federal taxes , Federal / . taxes. July 2,'49 $2,455,593 $2,496,963 932,725 949,546 $1,621,793 $1,522,868 Earnings per 818,569 $1.98 —V, 170, $1.86 connection in with any of in not any be way afiected by the said exemptidn; and (2) any distributions by .the company, whether by way of dividends or other¬ wise, to its stockholders of any of the securities described in Section C of this plan, which distributions shall not have theretofore been specifically issued make in approved with After to this of the investments, of of subject (1) This 11 of the thereby have and (2) it all to have or any company an "associate those terms as and requisite the may jurisdiction and such 170, shall in of the Act. this plan the Commission sub-section to carrying by <b> the of to have sions of Section 11 of the Act to out the order of to that the company proceeding sub-section entered a (e) in of decree shall or appropriate to a shall court order "Net and such court shall have enforce and carry out the terms and provisions of 11 1949—3 Mos.—1948 "$202,151 share per loss. 11 of of the the and to the taken the Act, all Internal in accordance Revenue Code, with as Supplement R thereof. (it of June on 30, pared on Sept. about or last, with Mark $2.20 Department condition) rulings as have (unless a to closing the tax been 30 distribution a 75 cents' Follansbee, action at per no action the on of share President, this the company, agreement or consequences in to its ruling the United States discretion or shall closing the company oi Section Treasury waive agreements the $0.58 59,807 42,675 9,394 62,772 60,014 257 pi,946 3,942 3,942 36,009 42,862 2,430 all-time peak 46-year 20,958 18,503 1,909,084 1,444,164 and history, General 1,710 195,029 the 38,913, was highest Ivan Manager Wiles in Sales 25 on __________ from Income chinery & leased cents per of the in General set in March model new - disclosed that built, were during substantial a introduced was to August figure the total a in public only well over the of view fact of few weeks age. a Fisher Builds Record Number of Bodies— The corporation's greatest number Manager of J. Fisher Fishers Assembly month, Mr. for produced in month any its Vice-President Cronin, J. Division Body bodies by sets Fisher of announced in August 41-year of GM the his.ory, and Body. ahd it General v fabricating plants turned out 249,378 bodies of said. Crbnin Included in this number complete were body parts sent to the corporation's Buick-01dsmob;l:-_Jontiac Assembly Division. A.A Three Fisher Body assembly plants, at St. Louis, Mo.; B ltimore, and The when Flint, and their Current , order Mich., previous have closed 150 shifts within Earnings after per 169, 1941, contrast with Fisher Body's first 'big" for Cadillac, in 1910.—V. 170, p. 690. < ugures bodies, , (& Subs.)—Earns. 1949 297,952 $0.53 $0.50 taxes share—— —_____—L common 2209. p. 1948 $6,721,103 317,756 charges and ,./A '"A;"/ . General Public —See total. $7,505,491 profit $3.58 dividend normally stock, par $10. On share was made, com¬ Utilities Corp.—Rights to Stockholders Rochester Gas & Electric Corp. below. Weekly Output Off 1.1%— electric V. output amounted 1.1ft 170, to this corporation of for 883. p. week ended for the Sept. 2, kwh., a decrease of 1,319,137 kwh., or the corresponding week of last year.-— 116,509,614 the "total below A>:,,:AA/, a :A-/; -A.- . (& Subs.)- —Earnings— , 6,088,823 — taxes Federal -— taxes income 12 Mos.'49 6 Mos.'48 $25,563,182 $56,845,434 5,570,063 11.722,440 3,504,851 amortization operating expenses General 6 Mos.'49 $29,221,172 revenues Depreciation and Other 2,934,618 8,637,297 12,401,767 10,972,856 24,172,553 2,113,877 1,711,241 4,021,225 1,539,075 1,296,810 3,174,030 $3,572,779 $3,077,594 $7,117,889 other less 108,692 117.870 263,549 $3,464,087 deductions, $2,959,724 S6.854.340 income cannings Interest Net uncertain and other deductions income Dividends 170, p. 303. (& Subs.)—Earns. ma¬ Dec. 1,283,215 2,321,383 '"2,377,869 $25,375,668 $22,247,943 22,550,435 18,655,125 $46,707,659 $38,904,687 41,759,325 32,592,170 1,876,025 —_ 2,391,689 220,000 220,000 $1,282,840 $3,031,756 1,191,164 1,191,150 orders 1,191,164 being share——$1.24 have 102,668 1948.—V. 170, for on p. 440,000 / (end of ——— common per 31, 3,382,584 $3,471,756 $1,471,940 balance Unfilled 1,456,884 $1,502,840 preferred stock on shares outstanding decline, 1,772.147 $1,691,940 — period. Earnings 1949—6 Mos.—1948 $24,137,116 $20,964,728 $44,386,276 $36,526,618 1,238,552 income operating Net ! the Total Costs income & Federal expenses (net) income taxes___ 1,069,675 1,358,813 Net income Preferred $1,755,558 $2,234,005 $3,072,309 $3,920,823 168,480 _______ 56,875 336,959 113,750 dividends Net income available to /■•r common NOTE—The stock— amounts $1,587,078 A$2,177,130 shown for 1948 of the both former Westvaco Chemical Corp. of which were acquired in 786. not September Unfilled p. do nor with orders, as unfilled of June orders - of $2,735,350 include of that $3,807,073 the operations and the Stokes Smith Co., the first June 30, time since $1.08 V-J 1949, compared Sell Local Day $2.55 shown with net a 121,556 on 593. 1949, amounted year. $10,443,787 on June to $5,957,133. 30, 1948.—V. com¬ 170 •• or transactions ! Franklin Simon & Co., Inc.—New Control— See City Stores Co. above.—V. 170, p. 493. The — To Transportation • company a has notified the SEC of its intention base price of $54,000 plus an to sell its , trans¬ of local businessmen for $42,000. group estimated Georgia would use the proceeds from the sale to increase its electric utility system properties.—V. 170, p. 594. Georgia RR.—Earnings— July— Gross 1949 from from Net ry. 1948 1947 1946 $605,278 $733,176 $635,311 $724,019 65,537 122,525 88.941 93,111 52,127 110,776 59,960 56,733 raTway__— railway 4,655,730 5,030,663 4.557,149 4,513,030 564,437 854,483 582,709 312,267 income-— 435,693 693,036 376,034 94,809 railway— railway oper. income— , * From Jan. 1— from Net > Co. portation business in Augusta, Ga., to a Gross this Power Georgia Business— Net 30, , few past production also has swelled the Aug..st monthly production record was in A^ril, built. " : ; sales Net —V. the were production for second added added best bodies 214,000 Income 1949—3 Mos.—1948 processes— month any Division, said. The of 1941. With the impetus* the preceding quarters., stated: "In view of Machinery & Chemical Corp. (net) of Vice-President Motor 1941. also Specials Common Food total Wiles, L. the Buick of record-breaking August Output, Buick's total prod ction for is 274,233. only about 42,000 short of the full yea.'s record that the common in time."—V. Period End. June 30— or the from 6,745 6,982 _ now Misc. took 1 Sept. L — Federal income taxes. conditions prevailing at the present time and probable prop¬ erty adjustments, the board of directors believed it prudent to take no action meaning and requirements amended, including Section 1808(f) obtained 51,584,733 business pared There shall $259,418 —^ 291,383 record the Mr. provi¬ or simplification of the holding-company the company is a member and are necessary or effectuate the provisions of sub-section (bi 1949—6 Mos.—1948 $973,428 Nil tAfter charges and directors payable which of 184,090 Maintenance Omits Dividend— The com¬ of necessary appropriate to the integration 274,233 request of this plan. The order of the Commission shall recite, to the extent requested the company, that the transactions in this plan are appropriate 24,410 16,9,063 5,962 and Net c finding this effectuate 133,251 853 Coach— — Operating be approval Section or Earnings Section plan 197,433 $5,066,801 $G;341,840 $10,381,964 $15,191,074 $17,724,728 _____ profit (3) system $5,663,979 Corp.—Earnings Fall Off— Period End. June 30— tNet affected persons 18,506 97 & — new 20,000 105. p. 264,849 226,165 General Telephone Corp. Sales dividend ; plan to be fair and equitable and by 1949—8 Mos.—1948 $688,060 281,924 22,158 Period Ended June 30— or be. pursuant court by of Commission Commission, in the event do, shall have instituted a to so defined are com¬ company" effectuation equitable for ^'public-utility reservations: found provisions fair by case been the be actions the as company" such The petent Act shall and committed exemption prior RESERVATIONS—The effectuate Act been 1949—Month—1948 $835,247 Follansbee Steel orders /. or exemption/ the company will permission of the Commission following conditions and plan to necessary order any 1 foregoing company, AND the to in plan. without make the CONDITIONS is Commission "holding any will which "affiliate" an this receipt securities pany" by respect the no Period End. Aug. 31— —V, reorgani¬ Foreign Power under Section 11 of the Act so that the jurisdiction of the Commission with respect to any such reorganization shall *A The Sales .... 34,555 Canada— Motors any involving the company of 1949, |(M. II.) Fishman Co., Inc.—August Sales Increase— .... 524.915 8,247 Truck company's 303. p. 1949—8 Mos.—1948 "40,106 — Total $1.89 share— ,,, 746,984 PaSsenger (excl. treasury common cars 73,352 Coaches GM $1,547,417 818,569 passenger year. 3 Months Ended June 30— June 28,'47 $2,616,440 taxes. last 244 Net June 26,'43 818,569 Net profit after Federal United General Precision Equipment Corp. 994,647 Com. shares outstdg. Stock) were has'produced I;909;C84 pas¬ States and Canada, compared 31,095 cents; First National Stores Inc.—Earnings— x 249,691 the Sept. Of the 38,211 Trucks 302. p. in on 126.070 —; , GMC $2.28 170, true'rs announced 31,939 months, cents.—V. 90 and cars was 1949—Month —1948 Cadillac 531,060 $0.57 ...... Quarter Ended— the upon 4), transactions zation Buick 828,351 outstanding.—. share it Motors period Trucks $1,214,805 531,080 * directors have declared a quarterly dividend of 10 cents per share, payable Sept. 29 to stockholders of record Sept. 19. This com¬ pares' With A35cents per share previously paid each - quarter, Afcast year, August, the in same Oldsmobile The Sept. trucks Passenger $2,043,356 $302,731 —. per during Trucks 31,569 $569,095 —— the filing of the certificate (mentioned above in the company shall be exempt from all provisions of the Act without further application to or approval by the Commission, excepting from such exemption (li to the extent then necessary this and cars . Pontiac— $2,011,787 shares of passenger August, . $6,588,169 39,535 J trucks. Passenger 2,090,004 - ——— 291,333 during Period End. Aug. 3.1— 1948 $529,560 $0.64 $143,- 5. PRODUCTION OF MOTOR VEHICLES BY G. M. DIVISICNS v2,486,378 * $0.68 : amortization— IS49. Chevrolet— not - will be filed with the Commission stating that such sales disposals have taken place. The company Is requesting, in its application for approval of this plan which is filed herewith, that produced 1,444,164 for the , is 1,653,717 : 105 and year to date, General established also 1949 —J— —— $10,520,856 $10,059,198 —i___ pp. Trucks —2,025,274 ———_ or company, the with Subs.)—Earnings— — profit the previous • 236,491 Corp.—August Car Output Up— and Canada 41,692 were senger ' proposal which $4,213,551 expenses States Fof Delayed— agreements etc. period share— corporation produced vehicles and 1947, and ' 175,000 236,491 ; This compares with July output of 254,662 cars and trucks. 2. 785. p. 175,0C0 ! Co., or if The United Reduces Quarterly Dividend— r . com¬ disposals of all of the securities certificate signed by an officer of the a 67,251 '• until com¬ such the Act. above), -'A;'..'. 1 at end of common per 1948, $127,233.—V. 170, Md., contrary herein interests in the which will "affiliate" of ari or $122,519 97,943 Assurance adjourned was Net, income prior company" Opon completion of the sales listed Anything made, utility defined in are Com¬ permission of the to any "associate company" or "affiliate" of "affiliate" of any such "associate company," or investments no pany" (4i Step 3). purchases or no enterprises the of make this (in permission the Commission, in the applica-, filed herewith, to make an order per¬ the investments and reinvestments plan to company further ; income A— Earnings 9,990,562 stock-— stock—; General Motors the requesting this of without is company approval mitting above enterprises on, upon etc., Number 287,000 $480,127 $10,932,347 $10,470,689 _________ "Including provision fcr depreciation and last • making the or Life preferred common 1943 the or disposals provided for (in Step 1 above), the proceeds of sales of securities will be used, in whole or in part at the option company, to invest and reinvest frcm time to time in new any of ...... $1.16 oF sales Total 305,000 $496,004 surplus •Earnings include was will pay, or make provision for payment, of its outstanding bank'loans and all its other liabilities and obligations. (31 \.f-. voted Operating Com¬ securities are realized, sudh of 'Ay. \ services, Other of company appropriate not 630. p. $149,372 — received:—V. Selling, 183,050 V Common (new) the heretofore Corp. any 170, 343,644 Common under Cost income- — on Earned horsepower one did line share Felt & Tarrant Mfg. Co. (& Income As from Co. charges and taxes outstanding June 30— Great-West be $767,127 of 1943 6 Months Ended June 30— Sales, taxes on „ on Dividends gen¬ line 1949 mission. (2t Elliott and complete of 193,503 — received be Southern & to yet been 9,204 25,000 191,390 46,u73 - The contingent ^2,631 Common _ — - & Power securities Commonwealth Co. Co.— , 2,540,4.50 254,045 Common Common Common Corp.—_ — Light & Fower A — Light Co._ Power the 200 horsepower.—V. after per common uled 803,229 „ Common Common Common Common - — Southern •Commonwealth Florida under motors a The meeting of stockholders scheduled for Sept. 8, at which a pro¬ posal to increase the number of authorized common shares was sched¬ Amount . Common Utilities, Inc Birmingham Electric Co._ Atlantic City Electric Co.Carolina Power & Light C'o._ ranging generators Formerly, Co. Federated Department Stores, Inc.—Plan : or Principal Type of Security ' • ''./-y'f,:;'-' Name and motors shares '".v" 3,196 $801,004 income— on _____ Dividends substantially all of the remainder of the proceeds was applied to reduce current bank loans.—V. 169, p. 2641. Shares • •i C. generators electric Elliott the Life Insurance Co. of New York dated May 16, . , D. produces give Winnipeg, Canada. These notes are repayable in instalments Of $110,000 each on May 1 in each year, commencing in 1950. Simultaneously, the corporation placed with The Mutual Life Insurance Co. of New York a $1,250,000 ZVz% promissory note, due June 1, 1957, repayable in instal¬ ments of $208,000 each on June 1 in each year, com¬ mencing in 1952. The proceeds of those notes were initially applied to prepay in full the balance due on the corporation's 4% subordinated note to The Mutual 7.81 183,050 27,207 taxes estimated profit total 7.33 $763,931 income before Total 6, has acquired the busi¬ division at Ampere, N. J., of Sept. Crocker-Wheeler This division additions horsepower. and Income 81,680 $773,797 Prov. for $2,780,528 Privately—On June 16, 1949, corporation placed $1,100,000 4 V2 % subordinated notes, due May 1, 1959, with The Mutual Life Insurance Co. of New York the by $2,071,329 Notes Placed 5.70 7.80 & Light Co. which to and and 71,356 162,707 — . 10,436.343 $557,624 announced on the of Corp. these Earnings BE TO plan 25,000 1.450.473 87,031 —j 436,194 $227,747 was Common TAKEN UNDER THE PLAN—-After approval of Commission and by any appropriate U. a. District approval may be made, the company will take the following steps, ^ (1) Company will, as soon as practicable, sell for cash or otherwise dispose of the following securities, pursuant to this plan, to the extent such securities are not subject to disposition pursuant to existing orders of the Commission, or orders v/hich may hereafter be issued, other than an order approving this plan: STEPS this 818,772 336,917 Employees Credit Corp. (& Subs.)—Earnings— . 46,973 193,503 Co Co.; Power 773,807 108,580 6 Months Ended June 10— % of Total Minnesota Power & Light Co Power 130,284 75,000 173; of Total Vot. Power 7.82 7.82 % No. of Shares Court C. to 1,623,859 expenses- (net)—— Balance Miscellaneous 0.07 0.07 25>°VY '■■■':• Montana It assets A. general expense $2,367,440 Co.—Expansion— and motors follows: Florida Power & 177,634 < Hendy erators to •• and ness 100 100 ^ American 94,310 ——, company, Joshua 100 , Texas 100,710 and plan retirement expense 16,717,139 $2,647,394 396. p. Elliott approved an application for the Itransfer American & Foreign Power Co. of $19,500,000 Cuban in exchange for a three-year 6% note °1 Fore.gn Power in the principal amount of $19,500,000, payable to Bond and Share, subject to certain conditions relating among other( thl"g^> the payment of, valuation of, and possible defenses against the'foreign Power note and to the sale by Foreign Power of at leaso $10,000,000 of new Cuban Electric Co. mortgage bonds. , " Upon the consummation of the Section 11(e) Plai* Ann Power & Light Co. now before the Commission for decision the com¬ pany will receive, in exchange for its holdings of sep."f/ticsn®fnJ"l"ic^ Power & Light Co., common stocks of various utility companies, as The 22,318 13,653,425 335,258 „ 170, The 1949, the SEC company debentures Name— 379,168 taxes _ —— ___ July 21, the 52,770 ' administrative Interest $4,465,532 sold profit Selling, $3,661,931 Net 26.95 9,204 Commonwealth & Southern Corp., common 26.95 46.56 I®,900 2,631 ; * — __ goods Employees' 1949—12 Mos.—1943 $931,576 16.19" 46.56 $2(??.'£«n account of Gross STATEMENT EARNINGS 1949—3 Mos1948 income——— —'V. 16.19 254,04o Birmingham Electric Co., common Ebasco Services, Inc., advance on — "Cost Profit 803,229 2,870,653 2,540.450 Inc.,- com. court to enforce and carry and privisions of this plan 11(e) of the Act. a of Section $591,415 __ _ Other expenses 31.17) United "On taxes to terms the 25,060 income 90.20 & 1,840 —— Utilities, South by apply provisions — (Including wholly-owned subsidiary, General Cigar Co. of Cuba, Ltd.) Six Months to June 30—r * 1949 1948 * Net sales ——1„— $16,300,819 $19,084,579 for the 85,974 income-.— 25.87 $5 Common Middle open the COMPARATIVE Gross 84.71 5.812,884 $19,500,000 warrants— Electric Capital with —— American National may plan, necessary, Period End. June 30— 2.88 17.00 65,809 2,158,236 — series accordance 100 $30,000,000 13,800 —. ($7)_. $6 in and this extent applying to the Commission request that the Commission, in Is company Monday, September 12, 1949 General Cigar Co., Inc. (& Subs.)—Earnings company, plan approves the to Co., Power notes Preferred Power' of Total Amount Name—Security— American & Foreign out, this of it event Voting % Principal CHRONICLE such agreements or rulings shall this plan and out the CONCLUSION—The following securities: mately $9,661,000 and owns the FINANCIAL & „n„r„vi assets of approxi has net current the company hereof, date necessary to carry be satisiactory to of the proceeds of be reired out to 1951, which are to be sold, 25, aSBets'yet utility COMMERCIAL from Net ry. —V. oper. 170, p. 494.. ' Sales Net $10,070,385 $8,741,450 685,085 $1.29 —— - 652,545 $1.22 earnings after charges and taxes Earnings —V. 1 share common per 169, L'_; Main Net Inc.—Earnings— "Earnings 1948 1947 $259,057 $396,410 $0.82 $1.26 share per offered $1.53 "J $107,822 i , $0.34 & this "Based shares 315,000 on outstanding.—V. 169, 2103. p. of 13 an by ($50 have struction be Gotham Hosiery Co., Inc. of company's expansion be by 300,000 and Net sales Net income U. S. " and Net before income profit Earnings —V. 1,598,353 $6,153,558 1,388,218 179,911 taxes— 606,107 579,024 $262,387 $992,246 $2.47 $2.02 share. common Union The Period End. Aug. 27— —V. 170, $8,917,373 $65,902,575 $55,434,105 Grant & Co.—August Sales Increase— Period End. Aug. 31— $ 170, p. $ 17,189,544 — —V. 16,146,691 $ Great Lakes Power Co., Ltd.—To Reclassify Common of Great Northern Paper (Including wholly-owned Other income station to be built subsidiary before Net Federal income Federal taxes profit the for Consolidated , income 1948 $3,360,438 Gross 155,480 126,974 Costs, $4,533,845 $3,487,412 1,682,COO operating oper. $2,851,845 •_ 1— Jan. $2,165,012 18,919,395 20,479,889 Cash dividends Appropriation holds placement of share— per pulpwood liquidated tarily $1 estimated in 997,480 inventories prior of cost excess Net gen. (other than 997,480 (a) earned surplus, June 30 : $22,234,254 $2.86 before Federal Federal income income Earnings of the Mississippi River. stock consists of 2,000 shares capital stock income taxes $2.07 now proceeds will Baking no $4,027,343 which be for used Gross sales and other the Co., dt dared stock common Gross from Net from Net ry. railway-—. $20,609,947 $20,300,261 railway 6,031,737 income— oper. 2,514,834 1,372,256 4,352,006 2,235,441 taxes, for 7,243,285 7,382,857 - $2,519,952 $2,458,544 insurance, 377,572 of of dividend sales Profit Interest Total $9,841,401 31 and for rubber income 169,662 192,950 153,128 168,560' 321,393 tax Gross 310,046 238,564 ry. railwayrailway 117,543,915 109,599,025 18,953,927 21,978,792 6,924,354 10,649,912 87,396',300 13,923,018 5,397,820 101,494,718 20,707,111 _ 9,339,046 income— cper. Net profit —V, —V. 170, p. 494. Household Gross - ■ & Western RR.—Earnings—- *" V r 1949 , from Net ry. 1948 1 1S47 $254,151 $263,461 5302,403 '-■20,285 37,100 27,186 income— ''35,125 9,116 "15,394 9,122 oper. Net Net ry. railway railway from 1,995,580 2,100,014 1,800.557 1.509.042 321,609 530,756 450,721 230,540 46,028 164,604 146,587 income— oper. Net "Deficit.—V. 170, . "5,458 *$37,724 Green Interest guayule rubber— ranch 5,736 —V. 170, $7,457,566 $7,834,231 $52,102,789 $51,438,405 Net class Chase A National participating Bank $1 been has .stock.—V. par 169, equal 2462. p. The for has company permission Ohio & to the to the Interstate properties of Subsidiary— Louisiana Missouri & River Railroad Co., a subsidiary, in which it owns 36,255 shares of the 36,517 outstanding shares. G. M, & O. plans to liquidate and dissolve the subsidiary in company order to simplify its corporate own structure. The M. provides for G. M. & O. to purchase the outstanding L, & plan R. stock.—V. 170, 884. p. (& Subs.)— Earnings- Period Ended June 30— sales Earnings 3 Mos.'49 before depreciation 6 Mos.'49 6 Mos.'48 $4,488,234 — $9,242,988 $10,680,123 and — income taxes 367,317 Depreciation Federal and state income 894.822 1,742,990 193,050 386,100 348,132 54,277 — 174,630 563,957 taxes-— 170, Net earnings $119,990 Dividends on preferred on common per common $830,901 78,496 W. H. Earnings 180,000 $0.22 $0.71 The ; r.at consolidated June 30, liabilities -to 1 of the At annual amendment holders ently - sale to showed 4.80 meeting to to p. of 10, June 31, the subscribe and 30, for $2.09 subsidiaries and 1949 been with Harshaw Chemical Profit after Federal charges—_ inc. taxes per common 1949 June 30, Net Earns, future the approved was share issuance shares of pres¬ reserved for $1,820,101 $1,952,673 $685,641 477,550 701,737 856,500 313,500 announced 1, Louis St. price to bid of lesser cf the that advance eight of the electric NOTE—The fiscal $577,123 com. year subsidiary, $1,118,364 293.060 293.0'0 207,290 shares. $1.97 $3.82 $5.17 interim beginning Harshaw statement Oct. 1, Catalysts, for the first $1,096,173 1 nine months includes the one Inc.—V. 169, p. 2752. 1948, the following special — in loss between charges 85,650 . advances book value to subsidiary- of Arizona 37,988 96,969 — ranch proceeds of sale —.— .. 81,626 — . "Loss.—V. 168, 1043. p. International corporation Vanness to the Business Dause L. Machines Corp.—Appointment announced the appointment of Paul T. Controller of I. B. M. Plant No. 2 at Since July of this year, he has acted as assistant: on Sept. position Poughkeepsie, N. Y. to $37,988 $264,246 5 of Bibby, General Manager of that plant.—V. 170, p. 787. International Hydro-Electric System—Interest— A. Brickley, trustee for this corporation, has filed in Federal District Court at Boston, Mass., for approval of payment of $478,224 as interest due Oct. 1 on the system's out-, standing convertible 6% debentures. Judge Francis J. W. Ford ordered , a hearing on the petition on Sept. 19.—V. 169, p. 2643. Columbus, Feb. wise in August, $1,000 Columbus, Ohio, 15 of callable on Ohio National Bank of Interest is payable semi-annually The $500. and trustee. each year. 30 days' notice a whole or in part, other¬ through the operation of the sinking fund, at the principal accrued interest plus a premium on such principal amount in accordance with the following schedule: On or before Feb. 15, 1951, at and 5% a 1%'; - thereafter premium: and thereafter on before or and Feb. on 15, Feb. 15, 1958, 2%; thereafter thereafter without premium. bonds or 1955, and before Feb. 15, 3%; thereafter on or 1953, 4%; and on or before Feb. 15, 1960, subject to redemption through the operation-of the sinking fund at the principal amount and accrued interest plus a The On or 15, principal such premium on on also are or before before 1955, and Feb. 15, amount in accordance with the following 15, 1951, at a 4% premium; thereafter 1953, 3% ; thereafter and on or before thereafter and 2%; on Feb. before or Feb. premium. Aug. on or before Feb. 35, 1958, 1%; 15, 1960, Vs %; thereafter without , HISTORY—Pursuant dated 15, $372,141 177,652 $1.72 of the wholly-owned 1949, , to the terms of approved by the a certain agreement of merger, respective boards of directors duly authorized by the shareholders of the following named corporations: A. Janes & Sons, Inc. and Henkle Fertilizer Co. were merged with and into The Columbus Rendering Co. and the name of the continuing corporation was changed to Inland Products, Inc. The Columbus Rendering Co. was incorporated in Ohio April 27, 1918, at which time it succeeded to the ownership of the businesses of three -firms, Inc., the 1948 1949 volume _ _ —.—"$25,004,000 $21,356,000 oldest' of which was record founded in A. Janes & Sons, Ohio, was incorporated 1867. having its principal office at Chillicothe, high and 11% above the previous record high of 1947. - , out that, with prices lower than last year, for January was pointed 787. p. ' : \ International Telephone & Telegraph Payment for Telephone Equipment for ■ ■ • ; Corp.—Arranges Argentine— r \ * This corporation the as than amount sales Reported— $22,529,rx, Augusts higher dollar volume represents even greater increases in unit sales.^ Demand has been exceptionally good in children's shoes.—V. 170, "A 000 It Columbus, Company, are International Shoe Co.—Record Sales Month of August— Dollar and Aug. 15 Bonds petition be of thereafter 1946 Sept. of purchase placed in service between St. Louis, Mo., and Madison and Granite City, 111., when delivered by the manu¬ Ohio Feb. 1947 on Bank the of will cars schedule: outstdg. shares per 1948 $29,676 67,664 ' a Offered— offered to Ohio, $750,000 12-year 5% first mortgage bonds, dated Aug. 15, 1949, and due Aug. 15, 1961. an share¬ common $1,054,673 profit- ONLY) 1949 *$31,435 54,215 —— loss dividend require¬ in the 1948 period. and Common •ANY (PARENT C ;' —— preferred RR.—Equipment Loan— President, National 80%, or residents 5.25 Co.—Earnings— (est.) (after 2,002,366 2,445,493. ended six months 187,505" Inland Products, Inc., Columbus, O.—Bonds The before giving 1948 before for net $4,398,037 facturer this month.—V. 170, p. 884. current was 1991. 1949 187,505 share $1.84 „—— $122,703 , income and 139,048 36,043 accepted. These and 9 Mos. Ended June 30— $4,689,108 187,505 I motored PCC passenger cars, being purchased by the company from the St. Louis Car Co., at an interest rate of 1.69% per annum and with repayment in 20 consecutive equal quarter-annual instalments, had 1949. stockholders excluding 135,002 , its $10,462,075 at Incorporation shares, 169, company ratio March at 1 of right the assets May on common employees.—V. of current Articles pre-emptive a sheet current The with the authorized to '_„ balance 1949 $1,991,255. compared as stock to 2,550 38,660 $5,362,332 , common Terminal Ward, Boatmen's $226,767 79,683 90,000 share $334,092 39,250 stock loss Net 594. p. 81,626 : 21,262 1-——— Net 2,445.798 per $122,708 of Arizona ranch peso - Provision The Denominations: .Dividends 3,097 , 8,622 for ihe 2,443 h / stock— compared Venice, Net $2.12 to ' The , Hammermill Paper Co. v em¬ stock Illinois Commission Commerce the 919,918 3,924 income 58,847- charges — Difference i V. 7,138 Bartholomew RR.—To Merge applied acquire 2,628,052 1,304,360 i net 28,717 $8,051,560 3,019,014 <Cr) preferred ments). —V. Gulf Mobile $8,976,919 from to income. transfer agent of the appointed arising etc, NOTE- The 15,774 ' __ Six Months Ended June 30— Dividends—cash: Co.—Transfer Agent— 101,778 —_ $277,468 of loss Income sub- stock common Common Gulf Atlantic Transportation 7,757,511 1,629,765 compensation of I special proceeds of salCL INCOME ACCOUNT 3,660,705 earnings 67;975 $71,797 120,267 12,948 $174,589 following ihcome " $10,648,104 , Addit'l 3n/4 % The 9,708,713 the "Loss. 1947 Dominion & income Sundry income and 690. 106 p. operations Federal 2,732 22,279 Expenses Minority interest in sidiary company 1949—7 Mos.—1948 1949—Month—1948 11,352,640 expenses • $3,822 operations- *$21,181 before net Net $22,000,744 $18,685,632 $15,809,071* expense sale Co., Inc.—August Sales Decrease— 1948 1949 $6,554 ; *$43,460 valuation Subs.)—Earnings— (& operations— from for on ployees, (H. L.) Period End. Aug. 31— Sales Corp. 85,764 inventories lor income to ' ' . taxes 494. p. from income Provisions . from Gross Finance operating $227,203 42,022 From Jan. 1— : income Total 1946 railwayrailway from Net Gross • 87,110 - $92,318 Shrinkage in Mexican assets resulting from de¬ $346,940 $493,649 $513,081 ' 594. p. 6 Months Ended June 30— . (Green Bay July— 170, % 1948 $49,386 Difference, between book value and from from Net on Subs.) —Earns. — adjustment Arizona loss Net 152,028- Federal share 1949 Selling, general artd administrative expenses— Haint. of shut-down plants in Mexico Provision for depreciation Miscellaneous charges to income 148,600 amortization Provision per increased from 40,000 shares, par $100, ' outstanding, to 200,000 shares of no par quarterly dividends of 75 cents per June 30, this year.—V. 165, p. 2671. ^ - income 851,318 debentures on cents received (after from from Total From Jan. 1-— Net 20 were market value) at 336,090 954,485 etc Receive. was shares guayule of Cost $2,134,424 424,482 taxes, etc.— to .jMHI $9,289,635 7,155,210 Rent $15,846,210 $13,092,966 6,710,921 3,228,685 2,887,279 1946 1947 1948 Stock Ltd.—New a shares old March on Other - — available : 1947 1948 $9,763,238 purposes: common 21,145 The Sales Corp.—Earnings— inc oper. following (& $8.25 960,366 expenses Income Total 1949 the Six Months Ended June 30— i $7,736,444 $4.30 1949 - is shares by value. $9,736,444 "2,000,000 $5,338,343 1,311,000 6 Months Ended June 30— . is stock, payable Sept. 30 to holders of record equivalent to $1 per share on the old $100 par outstanding prior to five-for-one stock split-up ap¬ stockholders on May 19, 1949. At that time the par This authoflzed $9,712,525 23,919 have 25^8. p. which outstanding. 1,844,639 taxes profit (before Federal taxes $300,000 per annum (from eight times the maximum $37,500 on the $750,000 principal approximately 30, 1949 L requirement of bonds 15. proved 3,257,416 ; 169, statement of net June Balance Ry.—Earnings— July— ' of all of the outstanding stock of E. G. Buchsieb, cost to the company of $649,375; and (b) additional working for the company. " common $5,267,154 71,189 —— share per Operating Northern ■ , purchased in Ohio and West Vir¬ — Great vegetable purchase new Loss $2.17 $2.76 ; east averaged to directors share — has Inter-City The $19,986,927 above— appropriation —V. 169, p. 2751. materials raw and 20-Cent Dividend— lease¬ — Hotel Waldorf-Astoria appropriation After actively been years many selling and otherwise animal a capital 1948 2,627,773 surrendered amort., a income Estimated Earnings per share: Before States interest the Sept. 4,328,866 — income "Adjusted.—V. Consolidated the common 1945 l, Inc., at of abandonments income Net 100,000 100,000 A income) re¬ —_ for buying, inedible area .PURPOSE—Net Federal exp.__ deprec., operating Net involun¬ years and purchases raw materials in a semi-processed state including Texas, Iowa and practically all States Mississippi River. Its products are distributed and sold in amount of $12,223,793 $14,854,580 taxes *exp., and Other $23,331,734 $21,084,407 paid, for to wide annual at — ______ edible of the Jan. " Total ■ Connecticut 1949 income and Depletion, 1,322,400 ; period surplus, earned taxes founded Products, Inc. Rendering "Co.-'has manufacturing, EARNINGS^-Combined on Subs.)—Earnings— Six Months Ended June 30— 1949 (est.) Connecticut River the on Insurance Co., $1,250,000; and Honolulu Oil Corp. (& companies) _j—_ - 14, 1946, was (no par), of which 1,000 shares are issued > outstanding and .$,000 shares of class B common stock (no par), ' of which 4,000 shares are issued and outstanding. the company Co., $750,000. The debentures are. to be dated Aug. 1, 1949, and will mature Sept. 1, 1979. —V. 170, p. 884. $4,378,365 (net)_ Dec. on which the company a class Mutual Life Insurance income) Profit of the • profit proprietorship ago. % CAPITAL STOCK—Authorized purposes. The company has executed purchase contracts for the debentures with Aetna Life Insurance Co. for $3,000,000; Connecticut Co.—Earnings— Six Months Ended June 30— Operating 166, p. 2419. Canada, Ltd. below.—V. with addition most Holyoke, and for other corporate $ 132,531,899 131,388,289 594. See Middle West Utilities Co. the east Of the $5,000,000 3% debentures, proceeds of which will used to finance construction of the company's new General Life • 1948 2,741,200 3,704,600 1282. p. power 1949— 8 Mos —1948 1949—Month—1948 • Sales taxes tures Privately—The FPC has authorized be (W. T.) 1949 income to issue 594. p. 162, )In $89,435,900 $85,175,600 — Federal in and from Holyoke Water Power Co.—To Issue $5,000,000 Deben- 1949—26 Wks.—1948 1949—4 Wks.—1948 $10,469,790 after Columbus ginia, ^ revenues income partnership which a dealing products and by-products including 'tallow, grease, stock feed, bone meal, hides, pelts, fertilizer and related products. E. G. Buchsieb, Inc., A. Janes & Sons, Inc., and Henkle Fertilizer Co. have all' been engaged in businesses similar or related to that of Columbus Rendering Co.. Subs.) (& Inc. sole a to naving its principal omce and Co.—August Sales Increased 17.4%— Sales Publications, to successor Co., incorporated in Ohio was Products, engaged con¬ -■%::% successor Henale Fertilizer assets added to those of Inland in Six Months Ended June 30— —V. Grand Consolidated Operating Net 205. p. Hearst Earnings— $809,194 $0.65 _ per 170, 442,298 taxes Canadian 1947 $7,823,587 '%■ $5,843,503 —— — 1948 1949 1928. Inc., purchased all of the outstanding stock of E, G. Buchsieb, Inc., a corporation organized in Ohio July 26, 1928, and having its principal office at Columbus, Ohio, E. G. Buchsieb, Inc., was the successor %o a business fouhded approximately 50 years ago. E. G. Buchsieb, Inc., has been liquidated and dissolved and its preierred issue should meet the company's financing needs through 1951, Austin Barney, President, stated. The company has no plans now for issuing the remaining 140,000 shares.—V. 170, p. 884. (& Subs.)- -Earnings— the was approximately 50 years smaller offering ' ''^ "•/ a 27, 1946, and was the rounded in Washington C. H., Ohio, and The 6 Months Ended June 30— Ohio Dec. at ''.7.''v-: V ;•/ • issue an make to ■. the finance to used program. * approved decided has '■r; will stock will syndicate headed preferred par) underwriting stockholders The management time. 1-roeeeas next, Inland shares Sept. Co. the 1, Preferred Shares— 160,000 publicly snares at of but Putnam 1943 1949 $482,293 profits after taxes..- Offer 160,000 issue An Globe Union, redemption on Oct. for Conn. Hartford, St., To . 6 Mos. End. June 30— called been at 100 and interest, $70,000 of 30-year 3% debentures 1937 series. Payment will be made at The Hartford National Bank & Trust Co., trustee, 777 690. p. in Light Co.—Partial Redemption— wo.s have There 1948 '1949 —^ — Electric Hartford Co.—Earnings— Gerber Products 3 Months Ended June 30— CHRONICLE FINANCIAL & COMMERCIAL Number 4837 170 Volume Compania manufacturing subsidiary in Euenos Aires,, Electric Argentina, have concluded financial its and Standard telephone mate¬ the Argen¬ Compania Standard Electric Argentina has issued serial notes dated July 1, 1949 In the, aggregate' amount of $20,000,000 payable in the amount of $4,000,000 annually over a five-year period with interest at per annum for, the first year and 3%% per annum for the following four years. This arrangement will permit the resumption of manufacture and shipment to the Argentine of telephone equipment from Federal Telephone Radio Corp., manufacturing subsidiary of I. T. & T., located at Clifton,. arrangements covering the payment of $20,000,000 for rial exported and to be exported from the United States to tine N. for the Argentine Telephone Administration. J. In order to make possible this operation and in view of the fact that the materials supplied by Compania Standard Electric Argentina to the. Argentine National Telephone Administration are for an essential public service, the Central Bank of the Argentine Republic has guar¬ anteed the availability of the necessary exchange to meet the dollar, under the arrangement, thus contributing to relations with the U. S. A. • Bank of the Argentine Republic has guar-' anteed the foreign exchange requirements for the purchase of tele¬ phone equipment from the I. T. &. T. London subsidiary in the amount' of £1,320,000 sterling and from its Antwerp subsidiary in the amount of 85,000,000 Belgian francs. Colonel Sosthenes Behn, Chairman of the International, who au¬ thorized this announcement, expressed his complete confidence in the Government of General Peron and In the economic progress of the obligations incurred stronger commercial In addition the Central (984) 3 THE as well as in the daily improvement in the social, economic commercial relations between Argentina and the U. S. A.- Aigentine, bud COMMERCIAL Philip : ■■ V'V' ;;;% ;;V■ Gross ; Net Condict, formerly President of International Standard the manufacturing associate of the International Tele¬ Telegraph Corp. of which he was also a Vice-President and ^Director, d.ed Sept. 1 in South Strafford, Vt., at the age of 68 after te brief illness.—V. 170, p. 399. from Corp., ry, & phone , Interprovincial Pipe Co. Line Gross Plans 9 raise to from this by Albeita, company, O. Company of Wis., Imperial 1,150-mile a were Oil pipe Sept. the will bonds be & offered will $37,000,000 States of rate privately in be to Canada payable the and companies insurance and United Canadian in the 170, shares 20 for shaies 10,000; will and entile of $7,500,000 each convertible the debentures. of $1,000 capital of 12 issue cost stock to to Interprovincial be first c»ie.,e o. • 595.^ & ' 15 Nov. 1338, Co. to ; have declared This stock was distributed Co, common stock of record to meet 170, for Corp. Kansas be the tend dissolve of that proposal a increase to Oct. 1949. 25, Sept. on Aug. SEC River the are Kansas on River Power shares will North to from ry. Co. from the earnings In after for inc. preferred 21,481,458 the Net income from Development receivers the unit's of Net ry. Gross of Blue sale on Net from Net in 170, 31, 1949, operating of The the $3.16 has given 167, l V 310. ry. on Aug. 31, have requested common ""d 1949, SEC ' : 1948 net 178,910 $20,574 —V. 169, —V. 170, p. 165,108,894 against 1946 $519,513 2o0,572 222,112 111,906 70,642 73,024 4,686,050 2,223,354 775,766 4.812.841 3,164,457 170, 2.539.092 1,332.815 l,339,0o4 370,277 < ' 1,699,316 373,581 496. p. Utilities Privately—The July 31— - Co.—To has company 1949—Month—1948 - $6,937,926 revenues 1949—7 Mos.—1948 * $6,257,931 $46,861,348 $41,745,233 25,727 rev._ 2,155 Operating revenues Operating expenses $92,102 13,593 $6,912,199 - 148,017 178,069 $6,244,338 $46,683 279 $41,597,216 5,564,640 4,949,065 37,586,053 748,148 695,176 5,033,555 4,618,497 $599,411 $600,097 $4,063,671 $4,009,520 445,139 439,611 2,895,501 2,901,883 Operating Taxes 32,969,199 1,968 $9,572 1,300 725 $94,071 6,250 $21,336 $8,847 $87,821 Net after —V. income... oper charges.. 739. 170, p. i * assistance of $12,056. 2753. p, ;| (George) Muehlebach Brewing Co., Kansas City, Mo. JLoss. above figures do not include allowance for To Sell Lone depreciation. until (Gi C.) Murphy Co.—August Sales 2.53% An additional $200,000 of 15-year been called for redemption on will be This . St., for 115 at The Chicago, Is call called made 3%% debentures due Oct. 1, 1958, Oct. 1, next, at 101 and interest. in West for made Monroe to the Bank i - addition redemption will be National First 111. Period End. Aug. 31— the $175,000 Chicago, —V. 170, —V. debentures of Street, Chicago, HI.—V. 1949—4 Wks.—1948 $4,520,663 :.v. 1 170, $8,165,700 1949—34 Wks.—1948 ago.—V. owned company, Ohio, finance announced Sept. construction to Lima, by a Jointly of Ohio. that 1 its by Sun issue on the mortgage ■ ; y Oil it. has Arrangements of Co. 31, Standard Oil Co. arrangements to pipeline from Longview, oil $49,500,000 facilities and completed proposed crude An stitutional Investors before Dec. ;/■ 170, * will of be sinking sold to a fund the August of 1949 August as 1948. group of in¬ 1949—8 Mos.—1948 $1,032,586 $8,993,342 operation on Aug. 31, $8,401,737 against 88 a 1949, Inc.—August Sales Off1949—Month—1948 $4,179,607 CONSOLIDATED income 1949—8 Mos.—1948 $4,404,568 $32,960,495 $32,278,885 INCOME ACCOUNT ' 1948 1949 J 1947 1946 $24,794,452 $23,625,883 $20,932,681 $19,635,710 449,678 612,419 432,393 446,053 — $25,244,130 Cost of sales & een- exP- 24,054.570 Interest $24,238,302 $21,415,074 $20,081,763 20,072.988 18,387,950 23,003,252 22,392 34,974 229.152 217,557 106,795 35,646 86,748 235,493 tax_ 257,900 324,600 389,600 Prov. for State taxes™ 12,100 14,400 33,400 profit ™<I__™_:,:>> $436,324 Preferred dividends 39,657 $556,610 $575,793 17,628 and deprec— Misc. deductions Prov. for Fed. inc. 17,628 - v 358,613 '£ - 286,167 Net * 453,150 i 82.75Q United States will 1/ 1967, with interest at 3%%.-Six banks, headed by the Chase National, will buy $16,500,000 bonds due Jan. 1, 1957, with interest at 3%. Sinking, fund payments beginning in 1952 will retire the bonds by maturity..—V. 170, p. 595. Common dividends 245,869 Earns, per com. share— ; 245,869 $0.64 ; ... $0.84 $669,890 47,978 40,155 39,835 - . of close bonds 1950. The Equitable Life Insurance Society of purchase $33,000,000 of bonds to be due Jan. close the 887. p. Sales Other Financing the at 1949—Month—1948 in stores 6 Mos. End. June 30— $8,635,400 $59,822,700 $63,064,700 Co. at operation $997,864 92 were Neisner Brothers, 2949—7 Mos.—1948 (y'-A Pipeline operation in National Shift Shops of Delaware, Inc.—Sales— Amortiz. The in Period End. Aug. 31— year Completed— a 1949—7 Mos.—1948 stores Total of request stores 595. p. Inc.—August Sales Decrease 5.4%— 170, p. 595. Mid-Valley • to to period End. Aug. 31— Sales i ™_„™™_™ —V. 211 210 were Sales $4,898,399 $44,023,736 $46,738,381 1949—Month—1948 Higher— 1949—8 Mos.—1948 recently sinking fund, payment Savings Bank, trustee, 170, p. 789. at the Harris Trust and 595. p. com¬ $10,383,211 $10,126,944 $83,238,918 $78,469,965 There compared the of 1949—Month—1948 Sales 38 So. < . , account of from Nov. Brewing Co. Stock—See latter > ; Period End. Aug. 31— Sales to Star above.. pany 697 $8,496,226 $68,262,486 $68,654,567 692. 1347 $585,318 336,848 4,151,614 income Uncollectible oper. (Oscar) Mayer & Co., Inc.—Partial Redemption— Texas, $7,996,626 1948 $717,282 79,755 *73,338 railway oper. Operating 4,476 2,4^9 $22,636 cost Period End. Aug. 27— Sales \;y; 4949—Month—1048 j, 1949 $336,316 187,107 $2,940 J387 profit-. estimated Retail Corp.—August Sales Lower— —L-i. Ry.—Earnings— railway^ Period End. 1947 66,512 , $ authorization stock non-infome-p~oducing. persons . Mountain States Telephone & Telegraph Co.—Earnings Ltd.—Earnings— $279,210 — ... Mercantile Stores, interested Period End. Aug. 31— Bales New — Life Insurance Co., $500,000; Continental Assur¬ Co., $500,000; Armour & Company Employees' Pen¬ sion Fund, $250,000; Northwestern National Life Insur¬ ance Co., $200,000; and Provident Life Insurance Co., $50,000.—V. 170, p. 496. 2421. p. 62,179 — secured Lerner Stores Ohio ance Melville Shoe Corp.—August Sales Off 7.7%— 1949—8 Mos.—1948 value par 1695. p. Sidney, tional $2.62 169, $201,515 198,574 costs__ taxes™ NOTE—The 692. company lrozen, lur'slab'* SEC Co., Issue $1,500,000 received FPC au¬ thorization for the issuance of $1,500,000 3%% first mortgage bonds, due in 1972. The company plans to use proceeds of the sale to help finance additions to its elec¬ tric and gas utility properties. The bonds will be sold, in the indicated amounts, to the following institutional purchasers: The Lincoln Na¬ 6,208,303 62,357 securities revenue for Dearborn against 20,292,248 167,411,490 oneration p. company's $25 tearing.—V. Tool income. •Deficit.—V. 3,599,300 •$199,484 produced-.. Total Provision River listing and on the New York Curb Exchange. Among the reasons given for the request are that the company has liguid assets of approximately $2,500 and current liabilities of approxi¬ mately $9,500; tnat tue company has no earning prospects and its are Machine oper. from Net registration assets 2,758,931 ; " . : \ railway— railway from 1,250 1949—8 Mos.—1948 Aug. 6,901,225 1949 j__ metals and Non-operating shares. Leonard Oil Development Co.—To Delist Stock— The 7,331,0 i 0 *3,015,668 ~ Mos.—1948? ' withdraw 8,334,^.59 4,621,332 from Bonds 4,290,336 dividends.—V. V milled™ ore of which on Fed. Quarter Ended June 30— 1,250 -v- ago.—V. 11,286,201 3,520,731 507,669 789. p. Net 1947$43,865,183 $41,143,520 $32,470,656 have 1949—Month—1948 Bales year 38,393,651 income oper. 170, Monongahela 1948 charges—.—5,516,250 provision Tons of Commander - a 1,028,589 45,171,840 16,131,237 railway railway July— < 1949 Estimated operating profit™ $2,417,000 $19,929,000 $19,467,000 operation Subs.)—Earnings— July 31— $2.47 Kresge Co.—August Sales Higher— Period End. Aug. 31— units 35,502,030 699,180 1,246,954 . 1949—7 3,390,857 American and assets 1949—Month—1948 -"ires 701 $5,603,464 $5,424,730 1,645.379 662,976 43,113,283 from Gross $4,164,763 $27,856,690 $28,268,488 taxes Profit outstanding the * were $7,605,596 2,401,482 1,630,363 income™ oper. f 1946 1947 " 1948 $6,697,933 railwayrailway . .... Matachewan Consolidated Mines, purchase presently of all acquire 169, p. 2315. •Earnings per common share on 1,300,000 shares outstanding..™. Privately— 170, pp. 692, 788. There Ry.—Earnings— 1949 There • 62,578 one-for-four basis. a authorization balance $2,399,000 —™™ (S. S.) 194,687 92,360 A new air-operated collet attachment, designed expressly for in¬ creasing the output of its 15-inch Precision Manufacturing Lathe and its hand-operated screw machine, the Speedi-Matic, has been developed by this company.—V. 169, p. 1993. ■ • ''<) ' Offered—Offering 1949—Month—1948 sales •After to holders of 1 V. see 170, p. 692. Marathon Corp. (& Net company. 1949 2, the Blue Blue Period End. Aug. 31— '• 271,052 175,U37 • 495. p. Monarch For further details 9 Months Ended See company.—V. 170, p. 787. *04 1949, the (G. R.) Kinney Co., Inc.—August Sales Decline- were the week ended Sept. 3, 886. p. $4,248,826 —V. Payment Bales income— Montana-Dakota $25,000. purchased purchase 1,285,207 ,434,256 855,038 from Gross * r McLellan Stores Co.—August Sales Higher- $36,103,919 initial an received 1,250 owns to 2,582 1,034,873 From Jan. 1—. •Including stock common . was Estimated shares of - first and refunding mortgage series H3%% bonds, due 2003, are available at the United States Trust Co. of New In exchange for temporary bonds of that issue.--V. 170, p. 886. best interests. Acquisition— Larabee 11,028 11,245 74,^86 railway 170, Net ' , ,1949—7Mos.—1948 stockholders of record common has 31,456 1,313,313 * ' 290,962 railway oper. Net proceeds from the sale of this issue have not been allocated to any specific purpose. All proceeds shall be working capital and will be used in such manner for the development of the business of the company as the board of directors may from time to time deem in its Southern Ry.—Trustee Appointed— company from ry. Gross Net Increased— approved 7 ., —V. purchase of Louisville Gas par) (no the share, quarterly^dividend of 25 share on the present outstanding common stock, payable holders of record Sept. 10. per 79,423 35,421 July made Sept. 7 by The First Guardian Securi¬ ties Corp.; This stock is priced to the public at $2 per Kansas Power & Light Co.—Initial Dividend— There for „ of this company for Net income after directors 23,275 *" ' income Missouri-Kansas-Texas (EDT),r noon as compared with 40,392,000 kwh. lor the cor¬ last year, a decrease of 19.4%. After excluding sales utilities, local sales increased 0.6% in the corresponding poration New York, N. Y., has been appointed trustee, paying agent and Registrar for $3,990,000 2%% equipment trust certificates, series I due semi-annually Feb. 1 and Aug. 1, 1950-1964.-r V. 170, p. 691. - stock common York, New v. Period End; Aug. 31— Sept. on to Kansas City After St., to up of 147,500 shares of (10c par) common stock by the cor¬ The Bankers Trust Co., shares bids Lowell Adams Factor Corp.—Stock i>, , <$100 par) common stock of the The (Ky.)—Bids for Stock— recevie 1, York Peter Morgan & Co. have placed privately 1,235 shares 1 will Broad 15 / output other Net Oct. Co. Definitive Imperial bonds mortgage Kalak Water Co. of New York—Stock Sold cents Net Net from April 885. p. The 298,586 Louisville & Nashville RR-—Definitive Bonds Ready— • $5,236,622 $33,540,421 Johnson—Stock & stockholders 170, 5,321,362 lrom ry. authorized common stock from 2 000,000 shares to 2,200,000 shares, par $12.50. This paves the way for the payment of a 5% stock divi¬ V. 3,880,403 •1,520,024 —V. Electric Room Sales Johnson on 2,305,643 •3,082,272 Gross Net Canadian The outstanding, 1949—Month—-1948 $4,933,749 - 170,-p. $66,481 5,222 railway oper. Net debentures directors' are Period End, Aug. 31— dend 26,070,299 788. p. 250,000 shares of period.—V. Interstate Department Stores, Inc.—Sales Off- The 26,595,436 29,219,114 in qualifying shares, and the balance will be sold privately by Interprovincial. A wholiy-ownea U. S. subsidiary of Interprovincial, The Lakehead Pipe Line Co., Inc., will own and operate all facilities in the United ~-V. of 1947 $128,254 Product— offer w.ll 20,012 owns Bales ry. —V. to Of States. $35,000,000 and bonds and debentures will be offered through a group of Investment dealers of which Wood Gundy & Co., Ltd., and McLeod Young Weir & Co., Ltd., w.ll be joint syndicate managers. the it Electric portion of the States Net totaled 32,537,000 kwh., through underwr.tcrs in Canada; the balance will be sold with Imperial Oil taking a substantial portion. Inter¬ provincial will reserve 340,000 shares for conversion of debentures at now 1,108,897 responding week privately Of 8 io, 067 495,iVi 1946 1948 $212,886 railway From Jan. 1— publicly •" from -Earnings— 1949 $167,912 i from From Jan. 1—* Gas at Electric currency. Interprovincial ->the Net Weekly Output Declined 19.4%— capital stock. ($50 par) investors institutional total, United "1,619,787 1,854,198 " ' July— Gross from 4,000,000 authorized shares other 12 from Regina-Gretna section of the pipe line, the company proposes to issue iin the near future $72,000,000 of ZVs%, 20-year bonds; $17,000,000 of 21-year, 4% convertible sinking fund debentures; and 10,000 of its The 1,116,863 from Standard announced Sept. Ltd. of Toronto, Hopkins, President, said that subject to permission being the Board of Transport Commissioners to construct the B. 1,215,116 income •Deiiclt.—V. ' obtained $4,996,429 Louisville Gas & Electric Co. of construction to Superior, affiliate an Canada. Dr. lor $90,000,000 Edmonton, 1946 $4,904,410 .. railway—_ * 28,992,528 Net from railway 2,573,646 Net ry. oper. income™ »2t476,4«4 Plans to Finance Pipe Line— line 1947 $5,0.3,867 railway oper. Mississippi Central RR 1948 $4,941,549 railway.™ From Jan. 1— , Canadian — ■' '1949 from Net King Electric Monday, September 12,"1949 Long Island RR.—Earnings— July— Obituary— ■'' "»■V, CHRONICLE FINANCIAL : 102,446 245,869 $0.87 ... V $3.03 —V. 170, p. 496. of . (R. G.) LeTourneau Inc., Peoria, 111.—New Directorsit. 8, G. LeTourneau, President announced that two Jared Ingersoll C. ;are Ingersoll Pennsylvania of manager is .; ; member a Co;, Bank & the Pa., Board, on and Aug. J. Sept. on 23 Thev Elkins of the boards Trust Co. Co., of A. of directors North of New of The For America York City Co. Chairman of the Board of Kansas, Oklahoma & Gulf Ry Mr. Elkins is President of City National Bank of Houston, Texas and Partner of the law firm, Vinson, Elkins, Weems and Francis, * At the 619,000 ";.-2 The in Star Brewing Co., San Antonio, Texas — Stock Registered— Mo.) the of a Russ sale by 213,000 George shares filed was with Muehlebach ($1 par) the Brewing common of at will receive a commission selling company will issuer will the receive selling companv $9.66% a share prior —V. Sept. Co. stock & the SEC 2 (Kansas of Lone the System . subsidiaries , * * - ^ should, have / appeared under • ;. the above title. : i • : Middle West Utilities Co. of Canada; City 167, p. 1471. of $1.58 Vs receive the entire of the proccds. none to are to the .. ho of a the & named Co., as and under- quested SEC authorization from Officrs 45.000 whole stock stock. Middle and of the issue directors the 213,000 West and par of transfer of shares Middle and ; . , $715,000 Co., Ltd. (Ontario) have re¬ to -purchase additional Great, Lakes to reclassify its . . • (no of $3,968,880 value. - par) valued proposes common into Great 330,740 to Mavis from Nestle-LeMur finance .. p. 2519. Lakes its states that construction J the- program reclassify having additional for some It name. notes held by Middle of its an then outstanding aggregate common with stated a $12 cash years investment to would come.—V. 149, announced also was at the time of the that The Nestle-LeMur Co. is distributor of famous fine men's manufactured by Ed. Pinaud, Inc. : ~ ' toiletries, General Co., have * offices been for all moved executive from . departments of The Nestle-LeMur Meriden, Conn., to 902 Broadway, New . . v.:;- Dissenters to Merger to Receive $8 a The stockholders of The Nestle-Le Mur Co., Share— who dissented to the terms of the merger with Joubert Cie. Inc., of New York, have reached an out-of-court agreement on the price of their shares. Holders of Nestle class A stock were offered 1.1 shares of new common for each share of class A stock, which had $34.57 a share in unpaid dividends. a settlement negotiated by Cunningham & Co., investment Cleveland, Ohio, the stockholders received $8 a share net. The Through firm of Great Nestle J York, n. Y.- Lakes shares of Cologne; the . by the companies at $534,620. stock new Vivaudou's Egyptian Henna. Mavis Talcum Kerkoffs DJer Kiss Talcum Powder will be Plant in. Meriden, Conn., as well as from its newly acquired factory in the Bronx, New York City, which is said to be one of the 10 most modern plants in the East. ,The Nestle-LeMur Co., originators of permanent waving and manu¬ facturers of a complete line of women's hair preparations, recently merged with Irresistible, Inc. and Blue Waltz, Inc., manufacturers of lipsticks and perfumes, with the surviving company.-bearing The Powder, West for . of securities thereafter value for Lakes . Power purchase 22.496 (r.o par) common stock of $2,249,620. Payment would be made by $1,000,000 in West, for Lakes Lakes Mavis distribution The: .handled would Lakes cancellation Great Great . cash, shares shares in Great . Ltd^-Proposed -V..* Great company Laboratories, Inc. of New York City. r merger and company 52,496 share. proceeds offered offer Citmar arc at ' Co.—Expansion, etc.— Chairman of the Board, on Sept. 6 announced has purchased at an unrevealed price the V. and Kerkoffs DJer Kiss divisions of the Universal Handel, F. the Vivaudou's Input of 84,786,000 kwh., an increase of 2,the corresponding % week/of- last year.* ' . 5, Acquisition— pro¬ Star share. writers and The 1949, to over • issue of Sept. 170, p. 886. common statement Co., Dewar, Robertson & Pancoast, E&uscher, Picrcc Co., Inc., all of San Antonio, and kwh., or, 3.1%, common registration posing 1, same Lone $11.25 Sept. amounted that items appearing under the heading "Middle Wbst Utilities. Inc.'' our See V. The A ended Correction— ' meeting Elmer E. Isgren was appointed to the new office of Executive Vice-D-esident and Cyril D. Stapleton was appointed Secretary.—"V. 170, p. 788. ' week corporation a and Benior also of Houston. the this Nestle-LeMur • George Middle South Utilities; Inc.—Weekly Input— of of Insurance Central of elected were of \ Philadelphia, also RR the Chairman directors new Houston, Texas. Mr. and company's dissenters legal held bid for about the stock was 17,000 shares so 5'/8. the It is understood settlement $136,000 cash (Cleveland ."Plain Dealer").—V. 170, that required p. 306. the around * Volume *170 & Electric Association—Output— England Gas New THE Number 4837 COMMERCIAL & Palestine Economic ~ FINANCIAL CHRONICLE (985) ' 9 Corp.—Three'*New Directors— CONSOLIDATED BALANCE SHEET MAY 31 ' For. thfe . Election of three this Association reports electric output we'ek ended Sept. 2, of 15,500,591 kwh. This is a decrease of 693,648 kwh., or 4.28% below production of 16,194,239 kwh. for the corresponding week a year -ago.. Gas output for the Sept. 2 week is reported at 115,882,000 cu. ft.. This is an increase Of 906,000 cu. ft., or 0.79% above production of 114,976,000 cu. ft. for the corresponding week a year ago. > the For ended month Gas Is a year and Robert Szold is Chairman of the Board.—V. Aug. 522,308,000 To Purchase Additional Cambridge Electric Stock-— ; Three Months Ended July hearing.—V. 170, ' 887. p. ' * other and plant Good — will 31— •• f Total New Haven Water called have been Co.—Partial Redemption— ! tional & Bank Trust 5"% "Earned ™ per common share!— "After Conn.—V. Haven, of 170, New p. trustee, Haven, 42 . ... $463,240 $400,061 State 640,525 634,043 644,465 §647,415 $7,435,355 $8,783,888 $176,122 325,818 176,143 : Federal $337,150 680,430 191)047 616,818' 624,193 $0.42 Nil . franchise and local and & taxes 35,667 , accrued int. 110,675 taxes on income , Res. for 73,992 140,000 Inventory losses-! contingencies™™, (par value $20 per share) 190,000 possible future Corpmon stock 572,669 866,668 , 660,010 — $0.32 preferred 64,777 29,800 (estimated)Long term notes payable to banks Res. for esti. remaining cost of past service annuities under, Employees' Retirement Plan- Pennsylvania Coal & Coke Corp.—Earnings— (incl. wholly-Ojvtted ' subsidiaries)l j Church 1 39,703 suridry__-_. Customers' advances and credit balances-. "Accrued salaries, wages and commissions—— Payroll taxes and taxes withheld from employ, dividend requirements. tLoss. § Equivalent- shares $25 preferred converted from $100 6% preferred.-^V. 169, p. 2755: ■' for Co; 1 69,169 LIABILITIES— $25,336 : $25 bfd.f shares™. No. Of $5 common shares™.!™.: redemption oh bet. 1, next, at 100 and interest, $17,000 of general and refunding mortgage 3%% bonds,, series B, due Oct.' l* 1975.-" Payment will be made at The First Na¬ New 3,303,790 313,520 2,180,585 2,203,862 — ,Acounts. payable—trade Res,' for" p6s$ible There 1,515,142 2,943,336 313,223 (net)_—™™_ equipment , • bf $1,431,147 960,473 . assets™ and patents charges - of "Sales. income Net No. ' _ (net) — and Property, 1949 „ 1948 1947 . 12,469,726 k 3,759,918 3,164,449 $10,360,256 $14,261,285- $10,040,944 Income before ^Federal taxes™.™— ,$49,664 ' ~623;240 508,886 Federal tax provision—:—I.:™-.,',, Cr75,000 160,000 108,825 sold Tons "Aiilbunt The company has requested SEC authorization to buy an additional. 3,400 shares ($25 par) common stock of Cambridge (Mass.) Eleciric Light Go. at $150 per share, a total of $510,000. New England pres¬ ently owns all the outstanding common stock of Cambridge. Cambridge will use the proceeds to replace funds used for construe-, tion. The SEC has given interested persons until Sept. 20 to request a : Investments receivable 1948 $945,291, ; : and accounts Inventories 170, p. 888. Deferred 1949, is reported at 505,547,000 cu. ft. This 16,761,000 cu. ft., or 3.21% below production of for the corresponding month a year ago.- ft. cu. 1 notes 1949 * Cash: Trade subsidiaries) domestic " Peabody Coal Co. (& Subs.)—Earnings— ago. of ASSETS-— Sept.' 2. They are: Boris Margolin, President of; the Tioga Silk Co.; Benjamin-Glazer, President of the Advertising Arts Corp., and Maurice* H. Blinker^ President - of the Exchange Trading Co:; all of New York City. \ ... . Former Governor Herbert', H. 'LShmaii is -Honorary Board Chairman otltput for August, decrease a (Including by this corporation on 31, the Association reports electric output of 69,466,987 kwh. This is a decrease. of 331,643 kwh.t or. 0.48% below production of 69,798,630 kwh. for the corresponding month directors watf announced new 200,000 • 4lb~667 futtire 409,142 2,850,000 2,850,000 Earned surplus /™_!„-,— 2,521,133 2,348,013 $7,435,355 $8,783)888 • Period End, June 30— Net Street, income after 1949—3 Mos.—1948, , taxes $5,577 164.8S8 1949—6 Mos.—1948 $117,211 • $50;987 $25;605 164,888 $0.03 Shares outstanding $0,15 ,164,888 EarriingS 1 stfarel— per -V. $0.31 : — 170, p. 889. 164,888 $0.71 ' 790. Total Pittsburgh & West Virginia Ry.—Earnings— " , RESULTS FOR THE - New Orleans Texas & Mexico *•' :Gross from railway.... Net from railway July— Net 1949 ; $480,282 *6,433 ..; 1946 $561,891 340,075 4,489,860 1,821,927 1,966,526 4,908,434 1,749,510 1,480,131 4,639,198. 2,142,412 1,772,589 202,324 215,072 earnings : Operating-expenses and railway railway...... ©per. income™. from Net ry. "Deficit.—V. 170, 496. p. on from allied $9,120,000 equipment trust certificates. The installments from Oct. 1, 1950, in 887. %-v- _ income ! n 16,210 126,594 71,251 '$776,177 taxes $627,463 '§127,354 / 1-33,399 ™>™.-™_.__. "191,000 (est.) income for the period -Earnings per share„—— ;; $155,844 i from 1946 $157,975 $164,321 *32,765 $243,317 78,052 25,222 23,412 *51,764 61,006 16,318 71,713 1,490,772 $114,735 from 120,401 376,558 1,300,561 317,192 259,704 1,213,825 381,054 1,749,969 608,044 railway income... oper. ry. "Deficit.—V. 170, $123,524 loss entitled: to were- was miums was 278,655 sale on $2.81 . $182,652 "$i"69,823 T; •; of mine < : ; Northern States Power Co. $138,898 properties.—V. 170, 497. p. their. call receive in retired premiums Interest 1946. to date at of time the pre¬ such payment of some week last year, 170, after to p. Oak Mfg. Co.—Annual the returns, Sales, less discounts allowances t Deprec. of prop., plant and equip— Gross profit on sales and administrative Selling 1948 and ™™_.__™™_-™™_™^ sales of Gross 1947 -. .. expense operations——;_™„ Royalties received and other income from ry. oper. GlOSs 190,194 ; Total $1,302;795 ™„™™_..—-.x__™_™_^. and expense on fuhded 26,358 debt.. $1,781,606 * -98,552 $2,061,251 0 ■'%■.-)- ;U■ Prov. for Federal income taxes 506,000 Dividends -.1 on common $776,437 360,188 > Earnings per common share.—.. $1.73 - Net from Net $1,247,597. / 292,653 $2.52 from Gross $2,111,257 63,660 ^ 800,000 $1,136,760 360,094 - stock——. I COMPARATIVE BALANCE SHEET, ' ASSETS— Cash in V/-% ■'. ■■ banks Accounts and and .. V-': - - -5,229,140 1\ ■ '•/: ' ry. Gross "^7;475' income.™ -: T9,011": fiom from Net ry. "1,461,877 *2,942,850- railway..:— income— oper. - 1,353,084 and exp. on Prepaid insurance ! ' .Canadian royalties in trust Other debs ' redemption ' 1,425 ' ' in operation on called forVlredemption;on Oct 7, "hext, for.the sinking fund, $7,357,000. of first'mortgage bonds, 414% 1, 1972, at 104 % and interest,Payment will be made at the Old Colony Trust Co., 45 Milk Street, Boston. Mass., or at the Seattle First Natiqnal Bank, Seattle, Wash.—V. 170, p. 889.' "1,145,211 ' 1949, 31, Aug. V. 7,043 ended output Sept. 3, against 170, Amounts payable witheld payment bonds of $4,95^754' 349,536 Total oper. expenses™ Net oper. revenues.™ *$27,267 income™. 3,268 5,578 10,418 10,165 *$23,999 $37,845 $360,181 $425,305 taxes and purchase comm. 32,029 39,366 for for the. Ord. Dividend payable Prov. for taxes June 15, 1949 and June income inc.—non-cc,mm. taxes.. ■i surplus Capital : Treasury common stock (235 shares at cost).™ »•' •■Interest Total 2.655,552, 1490. $248,577 earned discounts and income earned $4,957,754- i : - - ; • S Barnsdall Corp; above.—V. 169, p. 2531. Ded. ' 70,315 . — $334,072 ; Sept. .2 filed-a statement / 1,200 100,000 4,503 50.000 2,046 .4,957 , ; SEC. :> "proposing the sale t>f 828,920 shares 3 ' ($100 par) common" stock lor $100 per share, an aggregate of $82,920,000. The .shares are J;o be offered to the common and preferred stock¬ „ - shares of common or of reserve for possible Inv.en- reduction For annuities preferred held on. Sept. 23, 1949. "The will expire on Oct. 17, 1949. of Transferred 200,000 surplus for year™-!™—— ■ surplus - -s.™ 170, p. $217,461% $199,223- ' *$16,516. ' 88!3. $6,173 , :.. on directors on Sept; 7 took n& 1, J949.—V, 170, p. 890. l Reeves "dividend Paymbnts including j . Br6thCrs, InC. (& Subs.) —Earnings— )june 30—. * <1949 i948 4 56,000 —- $61 467,448 $68,410,034 $49,025,066 ' *5,953,042 4,129,050 Net income after income taxes—4,677,690 O O O OO $386,850 19|7 , sales r ; * action with respect to A Years Ended ™*™,™ Net ™-r:™r_.———r-^--——-■ to $621,392. .1 reserves: possible inventory losses—-. estimated remaining eost of past service" thp sale to .the 186,249 was The July 200,000 $136,850 $72i,392 Common ' Earnings per share— ,$2,71 . $5.06 company are estimated at $82,740,000 "Including write-downs totaling $282,377, Ibade ; during year ended and* will be used first to reimburse the company's treasury for past '•^MTay' 31, i949:, Of inventory items considered slow-moving and obsolete. Construction expenditures and then toward reducing its .bank loans' NOTE—Provision for depreciation of property,; plant 'and equipment, amounting to $107,760,000. included in costs and expenses;, amounted to. $123,229'for the, fiscal To finance its construction program the company has, since the year 1349 and $113,378 for the fiscal year 1948. , ■ beginning' of 1946; "Fold four debenture issues totaling $325,000,003 .and $86,335,200 par value of common stock. It anticipates additional This rstatement "does ' not1-include any profits or ' losses of foreign financing in. the future for construction, to -fee obtained "initially subsidiaries.; Nodividends- were received from those companies -through temporary borrowings.—V. 170, p. 888. "during the year. : of 170,960 ' Total,,—™-!For right to subscribe to the "new stock "The offering is not .underwritten. Proceeds 11,400 to normally payable on or about Oct; I on the xommon" stock. of 15 cents per share had been made quarterly to and $821,392- tory losses^———.—_!—.—— Add , holders of the company on the "basis of one share of new common for. each five 280 income- trans, Radio-Keith-Orpheum Corp.—Omits Dividend— 563,500 90,325 •. $136,850 the $385,472 B. Gorin, Budget Director of this' corporation since April, Sept 2 was elected ^Treasurer, succeeding Arthur B. Tuttle, Uppointed Director of Foreign Investments! In this position, Mr. Tuttle will be associated with the RCA International Division, which, with more than 130 major distributors, held representatives, and associated companies, sells.RCA products In all markets of.the world open to trade.'—V. 170, p. "889. ' who 23,218 , 35,12) on . with $388,421 , Plan_-™-_——r——— ; equipment scrapped and sold — and miscellaneous deductions Federal taxes on Income (estimated)-———. Co.—Registers Com.— registration $17,573 * Radio Corp. of America—New Treasurer— 1949, $1,518,770' 1,765 ' company 93,811 *$16,236 , Ernest . service—Employees', Discounts allowed Deduct^provision net incom© earned 7,056 17,957 long-term notes payable— charges—other—_—,^_:™_- from *Deficit.-f-V. 61,903 . . 1,412 'Retirement Loss ■11 Pacific Telephone & Telegraph 113,045 76,786 20,700 -• f income Net . " The 180,878 10,380 29,528 11,688 Net ' See 120,133 $366,238 *$34,070 4,68? ^ ——— — Payment on account of past ; 144,596 $284,329 income- 11,066 '2,694 ;■•; ' Interest charges, on I' Interest Ogden Corp.—^Proposed Consolidation— $486,371 30,022 income! ordinary $1,434,056 11,074 --------- 7 Total... .702,878 Dr2,249 $4,839,097 p. profit from associated corporation-:— Miscellaneous : -V. 169, $428,925 $10,741 11,212 from ord.- Extraordinary- inc.inc. (Chges) 450,235 3,070,894 680,805 61,066 68,744 -• $46,763 *$13,376 «■ $9,701,745 $11,416,944 *8,134,584 8,693,451 1,318,584 1,289,437 .1.^!———!——— Commissions " . - goods ■sold-.!-—l— Dividends 238,960 surplus ™__; of "Operating 44,064 290,060. 450.235 8,918 10,623 . ordinary inc._ Ektraord. 1948 .,: 1949 ; 96,Oil 45,663 122,184 liability for redemption of debentures (final amount paid June 15, 1948) Common'stock (par vaiue $1 per share). $419,140 • * 15, (net) 6,909,179 $349,765 ' Gross (Including Domestic Subsidiary) Selling, administrative and general expenses. Current Earned sales Cost 90,000 other than Fed. Prov. for Federal income taxes __ increase Ded. " Net - income Operating corresponding week of last year.— "Years Ended May 31— savings of $7,324,319 6,607,129 $32,267 ' p." 889. • "J™—_ $6,956,894 138; (The) Pfaudler Co.—Annual Report— 446,533 : , (trade and other). from employees' earnings 1949—7 Mos.^1948 1949—Month—1948 ' $913,579 $1,016,416 * 940,846 v 984,149 revenues™ v $4;839,097 Accounts Communications, Inc.—Earnings— oper. 3*6 of this company and its' subsidiaries 1949 amounted to 139,620,000 kwh., an been Total Net LIABILITIES— have Period End. July 31— ;V'vr'v':'' 1,957,000 kwh., or 1.4%, over the . series due Dec. i 1949—r-Month—-1948 1949-r-8 Mos.—194'8 $3,722,593 - $3,803,596 $30,295,654 $29,680,358 170, p. 694. electric The of , ' , coVnmoil for each share : of Southeastern Service ; account Pf the 215,210 Philadelphia Electric Co.—Weekly Output— week and -sinking fund payment in excess of redemption price of 10-year 5% convertible debs.... ; units 142 ago.—V. year 1 """878 425 —! of " debentures . Puget Sound Power & Light Co.—Partial Redemption 6,013,659 - Public Only if at least 80% of each class of southeastern stock is offered for. exchange.. .Southeastern presently has outstanding 4,832 shares of preferred and 40,000 shares of common. The proposed exchange is a step. in the program of .Public Service to acquire and make part of its electric utility system substantially ail of the propeities now operated by Southeastern.—V. 170, p. 598. Other 17,928 C'94 !!_—: ■ for a 24,266 — ^—!— - There-werfe ;> 10,632 i 20,385 ,— amortization..; less assets Premium Sales 1,034,691 Unamortized discount Patents, 858,212 1— 1 (rieti..™— of Exchanges are to be effected 305,335 , 219,113 *1,407,204 *321L240 >1,937,321 497, Period End. Aug. 31—. - 889,904 equip p. ^ exchange would" be made on, the basis of 4Va' shares pf Public common for each share of Southeastern preferred, and 'IV2 R. C. A. 680,055 and 170, shares exchange Southeastern par 563,768' 6,384,901 6,5,30^478 5,409,523 requested SEC authorization to stock for shares of the $10 .cumulative preferred' stocks common .and Peoples Drug Stores, Inc.—August Sales Lower— $2,137,041' (at the lower of cost or market)— Prop., plant - Indiana, Inc.—Exchange Proposal of 1948 % 636,193 Inventories 889. p. par .There railway™.. "Deficit.—V. and . 170, common shares) $1,567)771 527,174 237,363 - no common. 1946 IS48:,—; 19.47 $1,500,.765 $1,511,763 366,194 $1,171,139 195,918 — its Service f- 1949. railway.—i railway oper. Net $2.77' $2,123,995 ;; receivable—trade Y.—V. N. The ■'."•:•.%■ / ■ -FromJan. 1—»v- 31 1949 ■* hand on notes MAY mortgage bonds, 3%% series,'.due .1978,; are avail¬ Guaranty Trust Co. of New York, 140 Broadway, New first the at par 54/2.% series Indiana Power po. " U of 'the nierger • $100 from Juiy-ri -v:.ut", : ,* Net income. of Pennsylvania Reading ^Seashore Xfwes-^Earhings— 50,006. $1,880,158 83,398 660,000 - a at The.company has 1946 9,752,567 railway..™ 524,576,897.563,553,308 512,328,459 453,080,360 Net from railway 79,555,015 80,646,301 65,797,624 27,690,878 Net ry. oper. income— 26,796,372 25,225;478 16,102,839 *1,056,046 "Deficit.—V. 170, p. 889. , Int. able $75,050,499' 7,128,407;-4,389,238 2,504,777 income.,. From Jan. 1— >> $2,880,053 818,805 $2,621,959 840,353 $1,103,601 from 791. York, ri'fV ••;■ , Net •'■•1 . ; 1949 , 1948 \ "1947 railway™-' $57,949:264 $88,13li799 $73,679,533 railway-.. ' 9,064,063" 16,657,874 10,718,760 - %. Profit ; authorized 15, Public Service Co. of from Net ;$8)071,817 $10,738,885 $12,138,279 6,115,717 8,047,990 9,191,616 ,79,708% 68,936 66,607 $1,876,392 * 772,791 has Braddock Definitive paying agent has informed stockholders that it is prepared 169, p. 2317. July— 1949 Commission Power Merger ; 888. p, Report— 31— 139,071 125,637 Public Service Co. of Colorado—Definitive Bonds—* make the payment.—V. Pennsylvania RR.—Earnings— Years Ended May 71)599 2,483,690 wholesale to Virginia Electric and Power Co..< < on Sept. 27 will consider an agreement of merger 1949, providing for the merger into this company of Light & Power Co. (a wholly-owned subsidiary).—V. 170, Aug. Iraddock Electric Co. will not seek review of the, decision of the Appeals and is making arrangements for payment of such premiums and interest at an early 4^te< Funds to make such pqyment* were deposited in escrow by Associated Electric'Co. in 1946. Payment will be made only upon presentation of the stock certificates and only (Minn.)—Weekly Output— decrease of 3.2%.—V. a 80,340 t stockholders dated : : of power The such pre-*' also provided for. of Court * Electric output of this company for the week ended Sept. 2, 1949, ; totaled 61,103,000 kwh., as compared with 63,123,000 kwh. for the cor¬ responding $454,500 Light Power Co, which operates in Arlington County, Va., into those of Potomac Electric Power Co. Braddock is a wholly-owned subsidiary of Potomac Electric. 1 Under the merger agreement, Braddock will dispose of all its electric facilities and other .'assets to PEPCO, and PEPCO will acquire all'the liabilities of the subsidiary company. PEPCO also, will cancel all of Braddock's outstanding securities, consisting of common stock and demand promissory notes, which it now holds. '• Braddock -'presently serve$ the Pentagon Building, and approximately 2,000 other customers ih Arlington County.r In addition, it furnishes $0.69 Associated 579,543 496. p. $3.35 , Cost Federal facilities On Aug. 31, 1949 the Court of Appeals, Third Circuit, affirmed the decision of the .SEC. that the. preferred stockholders of the company, ferred railway..™ . 3,862,'907 * 1,000,008 677,820 ' of Braddock Light & Power Co.— 42,000 Pennsylvania Edison Co.—Preferred Stock Premium— 1947 ':%• .107,216 - Potomac Electric Power Co.—FPC Authorizes 24)188 37,000 j 1948 1949 177,716 '4,66$,627 ', 4,903,093 1,046,808 1,670,297 820,283 1,104,260 railway.™. Net from tailway.. Net ry. oper. income.„ —V. 170, p. 498. $180,923 • $463,109 $551,778 " '"After' chgs. fof depb"and"deprec. From Jan. 1— Net ;; i5;4oo 123,280 < "Net Connecting RR.—Earnings— July—'■'■/■ Gross from railway.— * Net from railway. Net .ry. ©per. income.™ 91,986 19^6 $625,415 177,006 1 from Gross $93,462- under oper. • 'income to Prov. for income ".'".V : !;,■ ■'%%• 1 . 296,-520 r#' Gross §Includes New York ;Net 18,540 cos. " $485;469 ——„_1: 2,853,971 certificates are to to Oct. 1, 1964.—, annual in 170, p. Gross 7,603,875 "*$634,357 agreement Sundry hicome has issued invitations for bids to be received Sept. 21 company mature V. $7,697,337 v The The <102)320 railway J.:— Net from railway—s.™ Net ry. oper. income— From Jan. 1— leasehold 4,766,727' 2,434,632 RR.—Equipment Issue— 1948 $775;928 from Gross 1947 1949 $572,458 July— . 1947 . "9^153,695 9,948,623; ..™™™™._....._,...„. Charges New York Central . $9,639,164 $10,582,980 taxes:.™ JUNE 30 i1948 ... „ " profit > , 1949. ^ Divs. from Net MONTHS ^ENDED Gross From Jan. 1— Gross 12 . $522,680 % 169,752 169,822 $591,393 162,712 ".' 77,609 income™. oper. ry. Ry.—Earnings— ;1948 v;' vf 1947 shares ^outstanding—^ common share—™^. Earnings per . 1,137,681 ■ $4.11 1,137,681$5.23 ' 1,137,238 - ' $3.63 $1,000,000 provision for replacement of "last-in, first-out," Inventory at estimated replacement cost and excludes $459,015 special credit's applicable'to prior periods. > ?After tAfter provision "last-in, first-out" of $370,000'for replacement of inventory at estimated replacement cost. " . K , * . J." M.. ReCves',: President,'"stated "thai the lower sales Volume Vas .primarily to" the slackening dertiand in-that period for all textiles —and secondarily to lower prices. ' Inventories on June 30, 1949, due aggregated $9,585,034, approximately the same as reported a year-ago. 10 Dividends $1.75 totaling share common per paid were St. Louis-San Francisco & Texas the during report states, an increase of 50 cents per share for the preceding 12-month period. past fiscal period, the total payment over liabilities the year With assets June on that realization the 30, Gross totaled last, immediate the readjustment business eventual an During Phenix the postwar year much been installed Gross would Mills has of increased ing number the the to duroy The filament fabric trains, fabrics of brand new seat a new- Net and covers Gross from Net from Net ry. railway railway income- oper. 708,810 317,603 . from Net from Net ry. 15,884,425 4,347,239 1,755,569 14,077,459 2,465,997 railway 562,014 income— oper. from Gross from Net Net ry. 806,371 about ry. 1,809,938 Securities Brief to Dealers the first time that 1,000 dealers were the across nation by Rochester Gas Electric and has Corp. shares 835,000 of outstanding, all of which is held by General Public Corp.H In the offering each original stockholders of GPU are given the right to buy one share of Rochester cdmmon for each 10/ shares of GPU common held of record Sept. 8, 1949. Transferrable subscrip¬ expected are *1 ■ [ .• Sept. expire to 30.< if The directors the for GPU to Rochester for for each Rochester 10 all common nationwide owned expire of group Boston Corp., Pierce, Fenner by 835,000 of stock shares GPU will at GPU. 3 ■ *1,409 2,036,908 180,934 2,004,133 1,845.218 1,788,092 62,411 4,699 67,780 income— *313,452 *442,542 *446,629 170, Co., the Ltd., East, Far amount Ltd., Honolulu have Sept. at the Bank fixed Manila agents, of $1,500,000 amount was Operating profit Sundry income on able was straight a Gross shares Total negotiate to bank-loan of (EDT) The INCOME ACCOUNT (ESTIMATED Net -V. Profit Other exps.__ — profit ry. •Net FIGURES) of and The 715,487 140,148 zuelan - security $231,623 $491,295 , — dealers, with The First $817,486 $260,865 $491,295 _—._ 55,000 65,915 (est.) 166,295 in 1,447 / 74,950 10,969 $5,356,904 $4,667,268 620,011 4,020,051 3,750,018 115,027 739,147 580,745 $88,605 $81,001 $597,706 $336,505 Balance 43,886 — - 363,214 be to if 55,170 316,467 window, a newly designed Rusco Combina¬ of with its Magic Panel Ventilation, is conditioning.—V. 170, p. 792. window and it will be operated wholly-owned as of income to 1948 1947 1946 *5,172 93,357 16,999 24,949 *56,030 82,334 *31,926 *13,466 income railway railway 3,116,405 *93,343 July— $477,110 $430,506 3,603,252 3,264,772 2,840,037 324,300 *134,247 *25,119 *7,659 *505,159 railway 3,554,116 "V /.'• 170, p. 695., /_ 695, for > new 1949—7 Mos.—1948 $ 1,226,545,275 1,021,489 2,330,704 $136,516 $379,679 5,653 5,916 5,004 $152,569 $142,169 $385,595 $234,419 51,731 53,910 105,053 1948 1947 _ $88,259 $280,542 $126,221 elected three committee dividend directors headed by the to five-man $1,321,829 539,582 646 514 313,277 $1,087,870 133,617 171,917 452,984 175,428 65,879 income— —V. railway railway ineome— Charles Levy, Frederic H. Taber and Thomas that ithe stockholders Reconstruction approved by the RFC and details Sept. 6 took payable has to been a of on action no for had approved Finance Corp. the This four the of discontinued. stockholders The officers 22 will corporation to Shell Oil Co. See Sept. on Sheraton Corp. of of $15 corporation of stock has in received response 13,806,022 10,691,700 9,807,788 5,163,538 3,274,711 2,924,336 1,033,400 3,055,264 Sept. 6, has been extended ten 1,522,625 977,309 4,016 share for sale The to the tax in 12 oil with good a flow of light oil ; Lost Soldier horizons field in the and which Sand Draw field and the in Sand Well, Draw the have not from the ' as company's of pipe block a line : yet been pene¬ said. announcement approximate middle to of its Sinclair* Z;'yv/•/.*•' ' 10,698 •. ■ 1949—3 Mos.—1948 income_____ $40,737,754 time limit deposit to Sheraton on 1949—6 Mos.—1948 $44,596,192 $82,365,491 32,879,524 31,906,077 64,060,862 $85,492,980 60,764,450 income $7,858,230 $12,690,115 $18,304,629 $24,728,530 43,138 Z)r9,501 68,325 I)r4,622 (net)— $7,901,368 $12,680,614 $18,372,954 $24,723,908 92,481 95,981 185,546 192,546 1,736,600 3,146,100 4,331,200 6,132,800 taxes— $6,072,287 — shares per com. outstdg. sh.___ 10% 24, $5.11 stock Sept. to the and the absorption of business in Venezuela which directors and consider also V. are changing 170, dividend, 1948, and stockholders a their the on the days stock same shares request with basis.—V. p. the name of 793. Operating Oper. $18.74 March 10, 1949.—V. the to shares. 170, p. 245 1949—3 Mos.—1948 $4,990,208 revenue 1949—12 Mos.—1948 $5,002,349 $20,957,884 $18,984,496 expenses, etc 4,420,969 4,321,171 18,450,934 15,955,945 operating rev $569,239 $681,178 $2,506,950 $3,028,551 " Net Other income Gross 784 Interest 35,127 28,022 $684,613 $2,542,077 $3,056,573 _; Federal State 3,435 $570,023 . income 23,086 income income 13.577 92,394 16,065 .1,038 994 5,695 12,751 204,330 248,366 909,450 1,132,292 8,188 10,399 .39,903 54,765 $333,381 $411,277 $1,494,635 $1,840,700 $0.31 $0.38 $1.38 $1.70 . tax tax income Trust 170, •' p. 695. - • . See Public Service ' \\ Co. r , of . ; ' ' Southern California Edison Period Eni.June_30— Operating Oper. * ' •. 154, p. 250. .'V . * '■ Co.—Earnings— 1949—3 Mos.—1948 taxes & . 1949—12 Mos.—1948 $24,026,719 $22,535,515 $98,442,433 $90,215,736 17,881,404 18,397,777 78,411,465 76,917,792 revenues expenses Co.—Exchange Offer— Indiana, Inc. above.—V. ' v Net Net operating income $6,145,315 Co. of Buffalo $4,137,738 360,220 786,201 nonoperating inc Gross income $6,505,535 — other deductions income ; $5,031,407 dividends 1,441,470 & Preferred 1,474,128 dividends Earned 1,942,288 $3,468,838 $15,570,337 $10,193,78C 1,399,248 5,764,340 4,508,73< per com. 1,195,067 5,605,551 $874,573 $4,200,446 $911,452 $0.87 $0.65 $2.39 $1.79 share <• , output of 3,131,000 this kwh., responding week last as year, 4,773,59£ . Southern Colorado Power totaled 1,863,119 $4,923,939 $21,894,087 $15,240,232 1,455,051 6,323,750 5,046,446 $1,565,401 —V. 170, p. 402. ituectric $20,030,968 $13,297,944 2,024,536 Balance 695. < Southeastern Indiana Power Common of 170, p. $11.66 Southeastern Greyhound Lines (& Subs.)—Earnings— Period End. June 30— Net for Marine $9.61 98,135 shares, distributed 10% stock dividend, 107,948 endeavoring Ford Hotels Co., tenders on a basis minor expenses, in five-year notes. of the 169,855 Ford Hotels shares request fcr tenders, wlich expire .1 to allow holders of the remaining 165,839 to $9,438,533 $13,856,208 $18,398,562 981,342 *1,187,423 981,342 *1,187,423 the America—Acquisition— a outstanding. in about miles income distributed Int. capital subject to full normal _ declaration the on present company's 9,542,542 found ( ■ . expenses stockholders —V. all such adjustments as rapidly as possible so that operations will not be affected by any unabsorbed contingencies. The current position of the company is good with a strong cash position.—V. 169, p. 949. 1 This laws) being worked out. are conclude Inc., owned); tax , degree gravity the between been income Common about or operations there at phase 2,331,226 170, p. 599. lies charges— etc., Net on level from (86%. tax.-. f quantity of 36 located income Prov. 890. share in cash and $15, less Clie E^crntcn firm row has 97 6% From Jan. 1— from are announced ordinarily low the losses $3,972,616 Co. *(86.5% 1 No. Total - board. Joseph D. McGoldrick, former now Chairman of the Board of Sept. 30. A distribution of 10 cents per share was made on June 30, last, compared with 15 cents on March 25, 1949, and in each quarter during 1948. G. H. Westby, President, stated that while operations in the United States, Colombia, Canada and Mexico had continued on a profitable basis, these earnings have been offset by continuing losses in Venezuela due to adjustments in personnel, overhead, capital assets and inventory to $1.00 to Petroleum corporation's equity amounting to in 1946 in the consolidated net Co. (under present U. S. well Other deductions directors the $1,940,092 Happy Springs is Net oper. Earns, Seismograph Service Corp.—Omits Dividend— The amounting Venezuelan of Petroleum Earns, per com. share— - 1946 $1,781 138 include equity $1.71 108,198 $100,838 ____, management p. corporation's income and . . $229,415 borrowing of $1,750,000 from this Ry.—Earnings— the net Lost Soldier is and 2,236,537 $149,695 Wilson. 170, 12,051,203 /-■ $3.70 quantities of light oil and gas and in which the two weeks ago from the Tensleep horizon production of 2,440 barrels a day. The most productive at oper. three-way contest for control of this corporation ended on Sept. it was announced that stockholders' groups opposing the has been 20,476,207 /: ■ $2,465,952 2,874 The ousted directors loan 2,551,858 4,600,000 Oil & Gas Co. of the well Costs 1949—6 Mos.—1948 of New York City and Thompson-Starrett Co.; elected two directors—Mr. McGoldrick and Henry Smith of J. A. Ludlow & Co., a brokerage firm. A group headed by Charles S. Bresnick, head of Cordovan Corp., a sandal manufacturing concern, elected one director, Joseph K. Blum. Louis Segal, President of Segal Lock, and Sidney Kuttin, VicePresident and Secretary, were reelected to the board. —V. 2,053,692 8,400,000 $2.44 Period End. June 30— $2,710,383 _ _ had 3,092,019 17,150,000 on not 1947 has Gross 949,460 _ _ five-man 4,407,786 1,315,898,671 when A 1,299,038 11,074,081 Wyo., refinery.—V. 170, p. 890. Segal Lock & Hardware Co., Inc.—Opposition Groups Elect Majority of Board—To Borrow From RFC— The 1,482,855 10,413,404 464,451 completed in Net management 2,134,259 13,817,808 ______ area and acres ¥ $ 2214. p. 31,576,180 44,295,509 does initial an The $1,158,005 (net) income 169, 42,826,158 30,049,817 produces large Other -V. 1,526,363 80,954,046 less Venezuelan income formations $1,099,155 revenues— income 2,194,767 the company said. which 4,461,344 170, p. $ 1949—3 Mos.—1948 Oper. exps. & taxes Net $ Skelly Oil Co. (& Subs.)—Earnings— Oper. revenues Other income 1946 $ 59,002,605 Venezuelan considerable : Period End. June 30— oper. 1947 $ 181,737 1948 in company Seattle Gas Co.—Earnings— Net but production • i, 2,662,901 -V. 1949—Month—1948 184,715,610 193,813,128 in of The earned to Shell Union Oil Corp.—Plans Change in Name— $1,374,822 railway oper. the 8,400,000 share testing gas, *270,847 1949 ry. which on Sept. 2 reported the successful drill Happy Springs in Fremont County, Wyo., with an indicated production of- approximately 1,000 barrels of 37 degree gravity sweet oil daily from the Dakota sand at 6,535-6,600 feet. Earlier tests from the Frontier sand at 5,888-5,957 feet showed 6,534,429 4,513,660 future St. Louis Brownsville & Mexico from 1949, securities, 40,631,391 ___ stock surtax stem earned 1,701,420 transferred be to __ The Net 30, of 1948 —29,270,068 The Sinclair and maximum per¬ charges are made . Period End. Aug. 31— subsidiary," $593,027 ry. oper. Income *429,151 •Deficit.—V. 170, p. 498. Gross or com¬ Vene¬ event of distribution Sears, Roebuck & Co.—August Sales Declined— Th $413,359 Net Net June issuance the the 402. Unit Has New Well— capjtal charges are made against income—^—, after fixed charges and other deductions.- fund 178,531 conception railway railway oper. to reimburse 1949—7 Mos.—1948 681,351 transferred sinking fund capital fund Comptroller from from to 14,549,831 consolidated income Earnings— 1949—Month—1948 surplus if sinking fund and minimum 8, From Jan. 1— ry. used 2,509,788 tax in per $1,792,701 $8,377,030 $10,053,846 $74,667,858 $79,739,755 615,791 6,310,215 921,318 8,430,786 702,347 1,011,350 6,845,735 8,966,576 against income 7,583 $816,039 1949 Net be 78,444,258 subsidiaries— owned), $120,000 $270,000 income— Interest deductions 111,852 from Net interest, issue 2,193,183 profit the and income missible $4,674,851 $907,248 706,791 July— from National of of aband. holes int. common 1949—6 Mos.—1948 $5,367,873 Rutland RR.—Earnings— Gross date 4,058,084 ! income Earnings sub¬ Manufacturing Co.—Acquisition— Corp. from the $ depletion dry Federal a surplus 30. 170, p. 792. Net the to the rate at (& Subs.)—Earnings— _ leases, Minority - revenues oper. Balance 8. Sept. & 1948 29,242 income— Sept. record of The purchase of the asbestos plant will give the company a supply of asbestos yarn of the best quality at a low cost for a good part of Russell Manufacturing's needs, he stated. See also V. Gross issued at 54,944,521 „ Deprec. $1,087,258 (est.). Total income —V. share Rochester's presently outstanding offering is being handled by a 1,600 streamlined oper. would through p. (net) income •Includes income oper. Net Williams said. from be to prevailing income. Interest ' Seaboard Air Line RR. Ry. one Williams, President, on Sept. 5 announced that this company has purchased the Howard Asbestos Co. of Northfield, Vt. The price paid was not revealed. "The name of Ehe Howard company will be changed to Russell ry. 170, — Total 167, p. 1698. of M. Net capitalized says.—V. income 1949 Period End. July 31- . B. Net notes, securities the been oper. $1,569,556 887,946 190,315 — —._ Sales Corp.—Earnings— has just announced company entirely new Gross the year, per basis, on Aug. paid Philippine and United States Income tax the of tion Window, Mr. that 287,670,896 316,374,100 226,832,398 177,547,517 Costs., oper. & gen. exp. 232,726,375 237,929,842 186,201,007 147,497,700 • Asbestos $2.04 shares— Boston, would be discounted 6 Mos. End. June 30— to carry out the necessary Interest price of a (F. C.) Russell Co.—New Combination Window— G. 210,000 $461,842 $1.95 surplus share—226,584 2% from not trated 308 Russell 210,000 $440,751 __: & promissory notes not exceeding $1,700,000 fac« time outstanding, and with a maturity date not from the date of issuance or renewal. said of of excess •Net evidencing rights 10 rate held $908,848 Net operating income. Net after charges an one year company •Includes new 134,673 $671,842 on Aug. 23 that the Federal Power Commission application from this company asking authorization any application together with Theo. H. agent, $ 1949—Month—1948 revenues Operating revenues Operating expenses Operating taxes—— This 206,030 $650,751 for construction expenditures made prior pany have Beane & Uncollectible oper. rev— The 12,260 $50,556 stock common an one Proceeds ; Lehman Rochester Telephone p. to Sinclair Oil Corp. — for Period End. June 30— 170, 16,721 $46,996 ____ unsecured at in Int., —V. $806,514 renewal. 498. p. company announced Gross Operating $856,780 •338,909 railway COMPARATIVE V- < j Bros., Wertheim & Co. and Merrill Lynch, acting as dealer-managers. The fee payable soliciting warrants and for selling stock will be 85 per share of the Rochester stock.—V. 170, p. 890. dealers .cents & •Net common p.m. than 800 more .V. Share— per Corp. warrants The shares being offered represent to *3,802 shareholders. mailed were the warrants offering common stockholders subscribe Public Utilities of General share a corporation scription *65,623 Calendar Years— V Offering Price of Common $28.50 to *55,145 income— Operating income Operating and selling expenses — Administrative, general and mill ofiice common Utilities stock warrants $62,816 announced was Canceled "briefed" Corp. and Rochester Gas & Electric, is divided into parts. The first part, entitled "Progress and Power in Rochester and the Genessee Valley," portrays the operational and financial aspects of the Rochester company in its service area. The second, prepared by the dealer managers, outlines the method of dealer parti¬ cipation in the proposed financing. j GPU 55,375 rehabilitation program, 31. The banks that are participating on a pari passu basis are the Bishop National Bank of Hawaii, the Bank of Hawaii, both of Honolulu, and the National City Bank of New York, Manila branch. This loan is repayable in five equal annual Instalments starting with a payment of $300,000 on June 30, 1950. presentation theatre chains. Utilities $28.50 65,944 multiple the two tion 11,201 as same . 17,754 Bishop Trust Co., which film, similar to a "first run" booking of The First Boston Corp. believes such a program will represent the most graphic disclosure of information about a company and the mechanics of an offering ever given to securities dealers. The film, jointly sponsored by The First Boston Corp., General f 2,114 $63,717 _ comomn received not San Carlos Milling Co., Ltd.—Bank Loan, etc.— the new simultaneously Public $309,374 financing in Simultaneously Offering— on This is believed to be the 14,393 Approval of Bank Loan— Shawmut 1946 1947 $313,168 oper. Davies General Public Utilities Corp.. The First Boston Corp. representative of the dealer managers. The 40-minute documentary type of film was shown Sept. 8 to securities dealers in New York, Rochester, Boston, Philadelphia, Cleveland, Chicago, San Francisco and Los Angeles as soon as the Rochester registration statement became effective. It was shown Sept. 9, in Pittsburgh, Hartford, Detroit and St. Louis. of Dt 132 1949 stockholders of almost $804,400 Dr 109 __ _ per issue The RR.—Earnings— $279,530 •Deficit.—V. The First Boston Corp., Lehman Brothers, Wertheim & Co. and Merrill Lynch, Pierce, Penner & Beane are acting as dealer managers of a nationwide group of securities dealers who will solicit subscriptions and sell stock in the proposed offering of Rochester common to acting It amount railway from 4,988,560 Sept. 8 and 9 with the exhibition of a 16-mm sound film in color at securities dealers meetings across the country, in connection with the proposed offering of 835,000 shares of company's common stock. is to $307,841 oper. Net 15,724,867 technique in the presentation of information to dealers company and an offering of securities was demonstrated on a has 170, p. 498. railway from Gross - Across the Nation brand *146,861 *326,239 From Jan. 1— 334,934 Rochester Gas & Electric Corp.—Sound Film Used for A 1,016,016 *169,896 *344,909 railway—.— from $842,388 dividend requirements Earnings 1,136,796 *329,259 1948 from The Time 4,791 1949 Net $62,947 ♦23,608 *165,289 July— Gross 2,935,247 $63,825 (net) applic. later than 1946 $2,223,930 1,699,384 *26,604 *49,723 1,106,262 _. $3,739,647 3,325,751 (net)_ income Seeks San Antonio Uvalde & Gulf 14,508,441 4,368,398 deducs. Bal. $177,663 22,325 railway $4,168,138 238,538 1947 1948 47,714 „. railway operating income- •Deficit.—V. —V. 170, p. 498. First railway,. $301,485 276,701 income Preferred $157,919 $208,411 —_— railway operating income Net railway income Gross -Earnings— 1949 railway Net from railway Prom Jan. 1— Gross ' Inc. Sacramento Northern Ry.- 169, p. 2147. •/' 1947 $2,038,937 547,133 216,962 1948 $2,307,700 1949 $1,858,502 410,609 10.4,713 178,012 394,960 109,524 170, p. 498. in use 307,258 Other 2,077,989 568,687 Net mono¬ for 2,328,856 771,446 From Jan. 1— Richmond Fredericksburg & Potomac RR.—Earnings— July— —V. income—_ oper. 2,812,070 2,638,209 665,218 191,072 railway railway—_— Net accord¬ 13, suitable ry. has year plastic woven hotels and restaurants.—V. offices, to from 1949—12 Mos.—1948 $340,526 income oper. Co.—Earnings— 1949—Month—1948 revenues Oper. rev. deducs Utility Net the Group Reeves "Reevon," is automobile for the in during fabrics from Net Gross from One new brand is "Reevroy," a pinwale cor¬ sportswear which has already found a wide and other market. and branded more statement. suiting for buses, two income— oper. Operating $335,623 78,767 38,164 $404,512 146,784 63,940 182,615 91,724 July— and in other plants or is on order. machinery has been installed Introduction new equipment for Eagle is in operation. Additional the of past ry. $424,667 163,443 68,453 railway railway Sierra Pacific Power. Period End June 30— 1946 .1947 $480,827 From Jan. 1— of abnormal demand, years from Net the report points out that the company instituted several years ago constructive measures in preparation for today's buyers' market. Included in these is a continuing modernization program, expanded research towards the development of new fabrics, and increased sales, adver¬ tising and promotional campaigns. follow from Net Monday, September 12, 1949 Ry.—Earnings— 1948 1949 July— $20,612,811 while current totaled $5,971,766. Net working (capital at the close of stood at $14,641,045 compared with $14,271,435 a year earlier. Current FINANCIAL CHRONICLE & COMMERCIAL THE (986) Co.—Weekly Output— for the week ended Aug. 21 1949 compared with 3,393,000 kwh. for the cor¬ a decrease of 7.7%.—V. 170, p. 890. company Volume 170 Southern Number 4837 THE ' Co.—May Increase Dividend—Stock Offering COMMERCIAL Canada. Planned—• of increase in the 15-cent quarterly dividend was indicated on Sept. by E. A. Yates, President, who also stated that the company prob¬ ably would offer to the public $12,000,000 to $14,000,000 of common owners An 7 the stockholders common Oct. of Commonwealth will be distributed to Southern Corp. after & 1. The He increase on said the dividend 20, according in Sept. that the is expected to contemplated be to authorized the by Yates. Mr. financing program of the Commonwealth & Southern system that calls for Taising $168,000,000 in the three years through 1951. Of the total, About $94,000,000 cluding the is cash on of bonds sale '.from the hand of and the offering Mr. in Yates 1950 be part was about earnings, of the internal derived from retained common late offering stock. The this latter fall with in¬ sources, $29,000,000 operation would include remainder coming to the early in 1951. or probably cent July with compare 11,020,000 shares a ago.—V. year 170, certificates land¬ tinuity of mining operations 10,000,000 tons annually. non-producing undivided gas of beneficial other is interest ownership instrument an of fractions in carries which with it l/4,000ths beneath Zandmer, registrants individual the Messrs. from and Kelly The interests The holders on rentals to the of the in tract securities offered and future in will will The to accrue Operating revenue Oper. exps. & cash, participate in them.—V. production end wells bonuses and 12,018,000 $4,710,591 $3,398,787 580,311 614,456 $5,290,902 *— $4,013,243 income $ $ $ J Gross 97,670,553 $4,807,868 207,492 $5,015,360 993,108 Income $4,022,252 Income 13,911,420 15,158,381 28,532,057 Int. & income income deducs other 1,085,119 511,448 $6,438,530 1,639,411 1 $4,205,783 $3,501,795 $4,799,119 —_ —V. income 170, : 403. p. trust created under tha the recent reorganiza¬ has been held in a voting District Federal during Court 170, p. 928. Television Inc.—Enters Products, Electric Sylvania Field— The 12,688,477 11,573,545 expenses— 23,340,894 corporation 2,337,875 962,810 5,191,163 1,453,592 3,432,714 6,644,755 378,801 1,009,987 1,883,000 2,726,000 1,965,397 2,105,913 616,598 The $449.95. to models have 10-inch, 8,357,838 776,488 807,000 to $199.95 16-Inch tubes. 12V2-inch and 7,049.605 1,308,233 3,548,885 income 2,469,904 1,211,010 credits from ranging 7 entered the television field with a line be retailed under the Sylvania name, at Sept. on receivers home nine of 25,287,763 prices Gross Net Corporation Com¬ $1 par value common shares on a par 32,337,368 charges Federal general no basis. the of 113,779,937 Profit from operations Gross SEO 126,202,610 146,117,305 73,232,690 58,074,309 1 profit.*. outstanding for tion.—V. 49,384,549 ... for share exchange The common stock 1949—6 Mos.—1948 2 filed with the California Sept. on direction 63,295,969 sold goods 94,108 $6,344,422 •, the diversified, open- a application for authority to issue common shares of an in Selling, adv., admin, and Operating income . Other company share $23,726,634 18,918,766 of as (Calif.)—To Change Par Value— Sunset Oil Co. The mission (& Subs.)—Earnings-— $ 23,660,729 15,990,138 with statement registration a was future 148. 170, p. 1949—3 Mos.—1948 sales Cost $15,416,787 $30,005,151 $20,700,729 taxes t filed has company company value Net 1948 t organized on Aug. 25, 1949 management type investment company. The existing or future lease, in proportion to any respective Interests held by Period End. June 30— 1949 1948 as in Mine the interests paid under offered the the sellers. offering are non-producing. Zandmer, covered of the be sale the Standard Brands Inc. -Consolidated- -Company1949 con¬ high as With SEC— (Including subsidiaries operating in the United States) 12 Mos. End. June 30— rates covering a proposed offering of 77,900 shares of capital stock ($25 par). Proceeds Southern Natural Gas Co.—Earnings— at years many * , Co. • tons several hundred million properties and the of company's for Errington the from ■ Prudential Trust the and the Stein, Roe & Farmham Fund, Inc., Chicago—Registers agreement Myron 1713. p. conveyed to the Prudential Trust Co. by virtue of a certain trust dated March 23, 1949 between Dixon S. Kelly and S. were of areas 11 August of this year estab¬ lished a new monthly record for the company, with a cumulative total of 725,000 tons this year to the end of August. The company forecasts a total production of 2,,200,000 tons for 1949 with estimated net profits of $1,500,000 after all charges and write-offs.—V. 169, the tract Ltd., trustee. coal, than potential ore an other and Shipments interest. of certificate indicated has these in of the mineral with the legal title vested in the Prudential Trust Co., The fee simple title to an amount in excess of 28% of the minerals beneath the Malmberg tract 599. p. out, interests, perpetual in duration, and covering ail the produced or saved from the entire tract and represented and drilled added that earnings for the 12 months ended Aug. 31, would be about $1.19 a share, which represents a oneincrease over the amount leported for the 12 months ended on 31. The 12,020,000 shares of common stock now outstanding 3949, fractional are (987) unit per royalty The the offered securities oil from $45,000,000 subsidiaries, and the remaining of market sale expected to contemplated the The rights, directors priced at $247.50 are approximately 2% mineral (royalty) acres. by stock during the final quarter of this year. The 12,020,000 common shares of this company certificates The CHRONICLE FINANCIAL & taxes.._ 948,000 "Sylvania Television," brand name of the new line, is manufactured by Colonial Radio Corp., Buffalo, N. Y., a subsidiary.—V. 170, p. 247. 612,596 Co.—Registration State¬ Transmission Gas Tennessee ment— Net Southern New England Telephone V Period End. June 30— .. Operating Co.—Earnings— $4,137,401 $25,027,734 $24,109,378 7,046 54,103 40,476 $4,283,110 revenues.— Uncollectible oper. rev Divs. 9,964 common on •Earns, per . •Based Operating revenues.— Operating expenses 192,500 385,000 385,000 952,358 1,587,263 1,904,716 3,174,527 share. $0.56 $0.60 $1.06 3,217,260 $24,068,902 19,014,128 18,487,119 $1.46 405,505 2,665.890 com, 170, 3,242,439.,: 453,457 Steamship Corp. Six Months Ended June 30— —V. 170, p. 695. $507,590 $3,293,577 $3,124,267 471,490 419,747 2,672,662 2,623,000 $2,620,278 $1,232,899 $3,409,332 883,821 591,258 490,633 Prov. for estimated income taxes $577,250 operating income. Het after charges——* 1947 550,000 73,000 1,000,000 preferred stock, the added Proceeds the 1948 and White, Weld & Co. - are prices of the stocks, the inter¬ and other details of the offering are underwriters. of amendment. by the of SEC stock Securities Corp. 1*he offering Webster & as rate be Earns. (& Subs.) Special reserve Net Stone est to Standard Fruit & 2,457,516 the ($100 par) 599. p. Sept. 1 filed a registration statement with the sale of 100,000 shares of cumulative, preferred and 40,000 shares of common stock ($5 par). company proposing named 3,174,527 shares outstanding.—V. on The 1,182,401 $4,130,355 $24,973,601 $4,273,146 Operating taxes 557,665 192,500 stock.. stock.; pfd. on Divs. 5,019,242 3,751,768 1,181,381 Depreciation 1949—6 Mos.—1948 1949—Month—1948 income.—..** issues will The construction program of for the used be that estimates construction this pro¬ 100,000 1949 Operating profit Deprec., amort, and abandonments. — * . „ company... company , involving expansion of the capacity of its pipe line system, will aDproximately $148,000,000 .and be completed by the winter of gram, cost 1950-1951.- .... 25% Stock Dividend— Southern Pacific (Incl. System—Earns. Co.—Transportation separately operated solely controlled affiliated companies) Period End. July 31— 1949—7 Mos.—1948 1949—Month—1948 $ Railway Railway f ' '•. j expenses 35,964,767 •:: ' •. ■■■ ■ 258,118,962 39,493,537 249,039,055 : rents Net ry. r: income oper.; Total .Fixed 2,157,584 . 75,874,418 made 33,818,253 56,572,070 27,863,723 at 10,347,833 2,431,834 12,121,532 2,914,628 5,301,849 18,360,514 29,934,628 791,125 646,976 6,492,489 5,894,736 3,705,753 ;v 5,948,826 * 24,853,003 36,853 Vs 396,348 at Gas — deductions— 62,000- charges 1,753,305 Louisville Gas 1,657,988 521,592 12,306,213 11,424,174 & of S. P. H Transportation Sys¬ 1,890,448 . •Net income of choice stock ^Excluding *>onds of s. P. Pacific RR. affiliated System, V. 170, 2,741,398 Co. Electric portation homa of Ry. •4,881,338 Mexico. Co. not against ; .,68,000 13,180,222 Gas' (Representing interest to income of S. by received paying 170, $ v- earnings.— —V. 928;- p. 1948 '7.;.-.. sell to ■'* • of Louisville, and common. left was discretion of be offering will the Is "world's being pany will standing. on P. solely from It well," Wasco, Kern County, Calif., 15,530 feet, it was announced near down common board Southwestern 7,718,111 Associated _ ' Oerating revenues revenues 7>7 Uncollectible oper. —Jan. 1 to Aug. 31— 1949 * i 71948*" .., X'.f'. Net Wet taxes —Y. 170, $2,580,357 $3,052,502 550 7,500 3,850 $397,420 $3,045,002 271,786 2,408,183 $2,576,507 1,935,971 58.600 299,114 362,403 - 50,242 ____i. income—__ oper. after 1949—7 Mos.—1948 2,500 ... Operating $397,970 Co.—Earnings- $471,947 rev._ Operating revenues Operating expenses v $67,034 $59,302 charges this completed had company well, the V 42,671 as . , "The total 169,' depth," the deeper than any a total of 4,666,666% 300,507 . $340,029 $337,725 56,492 213,171 -' Operating exps. & Other income other & $3,644,292 244,051 V • ^ 1949—12 Mos.—1948 $3,195,175 $14,496,317 $12,676,138 taxes 2,644,318 2,325,640 10,444,361 9,098,655 income $999,974 $869,535 $4,051,955 $3,577,484 888 4,859 28,656 (net! income Gross Int. Co.—Earnings— 1949—3 Mos.—1948 revenues operating $1,000,862 $874,393 235,238 243,973 deductions Income Net 170, p. SY $4,080,612 7 ■>, 8,980 $3,586,464 898,103 *:*■: 784,140 $765,625 $630,420 : $3,182,508 company other 2687.' p. Oil Co. Standard dividends that Mexican Sales Net ry, railway*.— ■ operating revenues Dividends, interest, etc Total Income Operating railway. income oper. from Gross Net from Net ry. —V. July— from ■ i*,; railway.—... income—. oper. Texas $ New & 1949 $1,964,540 , railway. railway 517,442- ( oper.'income . 248,323 1948 $2,131,325 1947 $1,782,634 i 590,224 and Interest income State taxes *130,825 net income Net Net ry. Net interest of vi. 1946 $1,492,743 , 187,605 '■>, "66,982 12,255,395 10,418,464 2,072,631 124,310 1,453,819 758,387 380,703 380,868 . 139,638 Orleans—Earnings^- 40,936,430 $4.33 $2.68 - Earnings ' share per $3.32 . 1947 19481- ■ 1948 " $9,439,392 $8,834,148 2,865,694 1,142,971 1,796,665 1,240,866 73,726,396 64,442,766 59,288,837 19,764,434 8,227,679 20,425,041 2,307,974 $10,424,892 2,471,934 income. 974,490 902,719 67,245,939 16,056,128 11,616,956 7,729,771 from ry. —V. I railway- railway ... ... 6,108,893 income. oper. 8,462,397 170, p. 535. 1949 July— Gross from Net from Net —V. 170, p. 345. Northern Ry.—Earnings— Texas & 1,487,509 66,179,148 2,110,843 50,713.608 Oil (New Jersey)—Forms New Unit to Co. Build Belgium Refinery— This company which formed build will new a railway railway $39,639 * 13,343 —... ' railway operating income 5,613 — 7. Belgium, it was announced on Sept. be completed in three years. the Esso Standard Refinery, refinery at Antwerp, It is estimated the plant will refinery is designed to supply petroleum products—highgrade gasoline, kerosene, fuel oil and automotive and industrial Diesel fuel—for Standard Oil Co. (N. J.) affiliates in Belgium, the Nether¬ lands and Luxembourg.—V. 170, p. 599. x''.-' The Net from railway Net company, new . ' from Net ry. 773,691 - *95,089 170, p. 498. Coulee Perpetual Royalty Trust of Alberta, Offered—An unusual offering of placed before the American public Sept. 9 when Thos. G. Wylie Co., New York underwriters, made a regular public offering of 1,120 units of certificates of was Spring Coulee Perpetual Royalty Trust of Alberta, railway * railway... - t income oper. 1949 $217,318 ' *10,665 *56,178 From Jan. 1— Gross Net from from ry, Income. •Deficit.—V. 170, p. 1946 $317,319 22,550 48,506 *10,470 *34,361 535. 1,883,776 88,493 *317,676 2,141,551 96,863 *340,660 ' ' ' Operating revenues Operating expenses Ry. tax accruals rentals Equip, facil. rents Net ry, Production the Mine the to company which will 4,000,000-ton date is has now bring figure. been , > ,.w 72,413 Dr) (net Dr) 20,266 income- $575,801 1949—7 Mos.—1948 4,230,101 2,292,721 727,250 343,812 2,908,513 20,907 91,339 81,972 $834,828 $4,714,981 553,999 1 1,494,773 70.524 Total charges *— income —V. 170, — 7,559 55,398 237,555 1,653,414 $5,268,980 58,516 1,600,719 $668,189 $2,768,875 $3,609,745 794. p. Peoria & Western RR.—Earnings— Net Net from from ry. Errington Mine, 1946 1949 oper. income— 1947 $134,980 $15 96,952 *48,361 *44,731 43,686 25,185 *75,817 •56,500 2,711.880 railway $388,046 116,762 railway 1948 $384,754 JulyGross 2,500,491 528,850 884.507 800,689 •206,675 *310,576 346,421 •340,979 *401,363 From Jan. 1— Gross the $4,477,687 6,909 $403,586 deductions , exclusively from $913,303 235,830 income Net 78,475 $646,325 income Other $3,906,221 571,466 ' Output— proceeding with the opening of the Hogarth production from the two mines to Exploratory drilling, the statement points annual (net 3,977,796 435,382 267,702 oper. Toledo but $5,276,947 .. Operation— $6,959,779 $37,078,566 $45,062,315 28,677,720 33,742,540 * 5,032,982 *310,088 has completed arrangements for an increase in its production of high-grade iron ore from 1,200,000 tons per year to 4,000,000 tons per year and the $8,000,000 of new money for this purpose has been secured, according to a statement to the company's Sept. 8. 1949—Month—1948 1,946,190 company on Pacific Ry.—Results From Texas & Period End. July 31- Misc. Steep Rock Iron Mines Ltd.—To Increase stockholders issued 167,703 — 535. Fixed 1,667,893 *4,761 *343,323 * railway... oper. , 1947 $293,313 1948 $288,660 *19,516 *73,773 . railway railway operating income— —V. 170, p. Earnings— Staten Island Rapid Tarnsit Ry. from 690,420 362,238 Gross from railway. 25,000-barrel-a-day new a -983,754 2,715,050 Canada—Certificates the 102,454 890,563 2,042,834 , The securities 162,535 $9,321,016 oper. from Net in subsidiaries— income Net 14.078.311 railway.— -13,464,743 Wet from railway... 3,301,463 3,075,058 ' Wet ry. oper. income... 1,254,722 1,259,097 Spring $313,065 1,726,919 1,885,802; 779,415 308,297 1949'*" from Gross 3,193,439 paid stockholders' Minority Net 148,399 299,857 from •Deficit.—V. 1946 - 186,719 railway.. railway.... from Net 465,705,697 478,125,107 336,083,124 31,652,525 26,356,983 21,884,666 19,251,000 22,970,000 10,823,920 — ■ Prom Jan. 1—. Gross 1947 $361,970 . 1,820,596 657,870 v 293,453 railway.... July- 572,627,112 597,746,703 412,106,212 — charges July— Wet ry. cash resources, stock should be 170, p. 535. Gross 568,211,781 593,761,570 406,253,053 4,415,331 3,985,133 5,853,159 . Deprec., deplet. and amort, of prop. Fed. Gross Wet common 1948 $420,724 242,156 107,748 1949 $265,752 95,038 59,137 From Jan. 1— 1947 1948 1949 and " from the on Ry.—Earnings— v\ from (Indiana)- -Earnings— Six Mos. Ended June 30— $2,802,324 •" 345. Spokane Portland & Seattle Ry.—Earnings— Gross of common stock out¬ the at from Net Jt. -t-V. shares the continuance of available earnings and agreed Texas ■ stated, "is approxi¬ recorded production."— ; V.' '' producing feet 1,000 Standard Southwestern Gas & Electric Net 19 From Jan. 1— Period End.June_30— Operating Nov. to common stock capital and the par value (933,333V3 shares) sale and distribution, the com¬ a 793. p. common After the stock. July— Gross $ Telephone $474,447 . ... of four barrels companies.— 8,719,783 190,269,187 217,470,412 1949—Month—1948 - for each equivalent amount in From Jan. 1— Period End. July 31— shares distribution on the stock present quarterly rate of 35 cents per share after the sale and distribution of the additional shares.—V, 170, p. 695. by Mushrush No. 5, and that the flow was at the rate of 375 daily of 40-gravity oil and 1,000,000 cubic feet of gas from producing interval of 15,250 to 15,530 feet. The well is northwest of Bakersfield. " -f. A ' V" known an common have maintained on t, that disclosed also was of Subject to the of California—Deepest Well Produci'g produced deepest oil of number the authorized board the share (premium on common stock) additional of in increase further a shares held Oct. 14. The board ordered the transfer of $4,666,666.66 from paid-in surplus to used be be used to provide a parfr„ will stocks the for been additional distribution 36.05% of the outstanding shares or 56.18% of Okla¬ or has outstanding one on reduce Standard's bank loans, which now total $9,800,000. The Louisville offered at competitive bidding, Sept. 12.—V. 170, p. 599. the from effect To of >$ ■' Y '' shares 550,041 *' sale of the inquired company stock The program. the to $ *:/:•• -7; A/ / stock of divestment of 35 above Gross Earnings— —10 Days End. Aug. 31— 1949 Gross will mately Southern Ry.—Estimated :: block outstanding Petroleum 27,222,279 credited surplus "... j officials SEC to sell either the common shares of Oklahoma funds the The was the Standard's of ordered a /common stock distribution each four now held and agreed the company's present expansion program. authorized by the Federal Power Commission « to expand its natural gas pipeline system, extend it to Buffalo, N. Y. and increase the daily delivery capacity to 1,060,000,000 cubic feet. of shares disclosure 1 share for new one a Proceeds from 250,000 This with Standard Gas by 200,000 of part as Standard Oil Co. of 497,117 companies included in net income of S. P. Trans¬ charged Period— block a Gas. stock outstanding V. 'y! sell will it stock. of policy of continuing the usual quarterly dividend payment cents per share on common stock to be outstanding after the distribution and the sale of the additional common stock. New York. Standard currently holds 385,308 common 2,909,565 497,117 (Representing dividends 890. p. that 7 common authorized been Sept. 7 by this company. System. controlled •' 554,277 71,017 21,614 ; Consol. net income— Transportation 556,335 ■ 71,017 (Drt or Co. which of Standard stock ' 779.933 adjust. (Cr) tConsol. adjust. stockholders to 23,883,598 12,150,442 4,253,985 solely controlled affil. cos... tConsol. W' ' ! tem had Electric ' Income Co. Bank in National Gas Proceeds Net Sept. Electric & meeting of prospective bidders a the Chase Standard 35,829,363 _ income Jtiscell. 5,638,717 announced company Louisville board of directors Sept. The j ' (net Drt Other income 13,372,400 $1,918,699 Shares Held in Louisville Gas & Electric Co.— The 4,248,746 $568,641 Standard Gas & Electric Co.—To Sell 250,000 Common . 9,320,958 ___ $1,086,457 on of Railway tax accrualsEquip., and joint facility period— 2757. p. $ J:. Net rev. from rail¬ way operations profit for 169, < 52,865,937 305,611,125 333,993,380 45,285,725 oper. : A revenues. oper. Net —V. Net Net from from ry. railway railway.; oper. - income— •Deficit.—V. 170, p. 535. 368,096 13,715 THE (983) 12 COMMERCIAL CONSOLIDATED Transcontinental & Western Air, Inc.—Seven Banks in Period End. June 30— five representing banks Loan —Seven Aircraft TWA Total that will underwrite the recent cities form the syndicate FINANCIAL & ODer„ Monday, September 12, 1949 ACCOUNT INCOME Mos".—1948 1949—3 $4,766,099 3,828,890 revenues— CHRONICLE Western Ry. of Alabama—Earnings— 1949—12 Mos.—1948 Gross $4,214,249 $19,554,055 $17,545,890 3,302,470 15,084,436 13,609,265 , purchase of 20 new constellations from Lockheed it was revealed Sept. 8 by A. V. Leslie, Vice-President-Treasurer of TWA. Net Aircraft Corp., Trust and "" $937,209 revenues— 3,629 5,755 21,722 $940,838 $917,534 $4,491,341 $3,964,359 (net)_ 324,991 323,312 1,246,910 1,140,405 $594,222 $3,244,431 $2,823,954 474,097 414,835 1,837,J24 1,600,076 $179,387 $1,407,307 $1,223,878 (net)— - income Gross Income , deducts, income Net Dividends banking participants in the loan to TWA are: J. P. Morgan & Co. Incorporated; First National Bank, Boston; Bank of America National Trust and Savings Association, San Francisco; $1,500,000 —i Gross Security-First' National Bank of California Bank, Los Angeles, $500,000. Angeles, Los each; Utah of Authority York New work to with the for the use of New Chairman Warren leases out Net from Net ry. (Idlewild), TWA Foard Pierson announced Sept. 6 in Rome. Lee Airport International In Europe on a business trip, Mr. Pierson said; "TWA will be happy ry, helping to bring about an agreement that will put the facilities of New York International Airport to practical use." • New The Statement Foods, Inc..— Registration Tucker (Mrs.) The stock statement (par $2.50) Power week 170, p. to constructing Is *12,963 157,239 83,581 in July, *40,414 50,426 24,016 compared the Distribution— given Interested hearing.—V. 170, p. 929. Sept, until persons request to 15 Steel States Housing Field— This it come, The Consol. net duction /"" , on and for | insurance, gage exceed not introduced is where $6,300. to / . ; ■ to Homes The General John J. zation will and available from New one Ind., Albany, to cents coast. the Operating is —V. Homes will Panels years. a to market in which its _ 191,296 6 Mos. End. June 30— Dividends Profits $9,111,676 1949 1948 $.1,189,5,50, rights, sold—, income $3.88 *v , 1947 ...V 241,840 15,593,701 17,153,735 14,971,215 12,678,041 4,640,347 4,327,930 2,127,263 2,190,940 2,213,075 3,171,105 - 1,271,944 applicable to alone company June 30,. 1949, fof'the /:>, ;•"/ The 1949—12 Mos;—1948 3,560,974 16,071,042 13,972,50G $1,019,404 $922,441 $3,949,663 $3,797,291 _ $4,483,415 $20,020,705 27,735 13,803" $1,047,139 other deducts.. for its common stock • 104,299 72,980 $4,053,963 $936,244 $3,870,271 307,020 287,674 1,241,256 1,125,865 $648,570 $2,812,706 $2,744,406 2465. p. sales and oper. 1949—3 Mos.—1948 V Net and 2,589,801 5,608,476 5,196,229 6,317,324 12,060,651 287,965 v • 688,315 13,497,505 services depletion— taxes and income 310,728 Divs. —V. —^ v , ( 8,396 ■ for Fed. inc. tax. July $2,767,847 $11)348,340 $10,736,841 " 2,074,344 - 79,038 78.010 160,689 146,558 413,000 1,282,000 916,009 23,000 38,000 115,000 83,009 $336,565 $602,246 $1,772,252 $1,274,356 86,078 87,953 $0.62 $1.06 tax cumulative share., com. 39,640 /l Period End. Aug,. 31— u\ 2,784,431 -1: 21,798 $3,178,900 2,521 18,715 189,633 $3,197,615 883,211 ' $2,314,404 $2,117,448 $696,030 222,^08 { 1949—Month—1948 ?7 ' '■ $539,608 $ 44,738,101 Air Lines, 65,000,, 65,500 reports, an operating Retail miles I6», ' $1,084,n?„; $1,079,585,,$1,084,410 .' ;'L. 2149. p. r <:■' $467,856 31— ry. Net 1949 railway railway from I'. Mr. plans Gotthilf LeMur Co.; . that he said " was ~ the "Mavis," and perfumes. in the, immediate enterprises' that operation,./> Mr. a have been optimistic as . future to acquir.e assign Gotthilf. Railway RaUway " of talcums soap, Lhas, ^ecelved SEC authorization to sell at competitive $5,000,000 of first mortgage bonds due Oct. 1, 1979 and 148,155 additional shares of its common stocky ' ' fEtock,J[s ,fIrEt of be offered to *■? on the basis one new determined by competitive Proceeds from the sales will be share ' 1,047,175 V-- $3,190,787 ! * 539,960 381,838 23,721,573 21,017,890 3,708,384 4,973,583 Northern Ry. 562,876 _• 23,495,321 ..J 3,530.782i4:739.909 1,415,365 fr. rev. the company's for each common stockeight held at a price tax accruals— Railway $3,592,073 electricity 169, p. 2037. At;the and oper. T " 271,060 101,986 income 111,258 712,985 $729,321 81,237 income $648,084 oper. . . company's construction .. common by the company at Room 2033, 2 Rector Street (EDT) Sept. 13.. stock New will York ' \ 533,582 $492,014 68,312 income $695,476 charges tax other V in the $2,270,331 $621,302" for 339,513 general corporate amount contingent charges, i.e. to $1,660,004 *' tThe . of - in announced the filing pf a by.. proppsal Corp., York, to to of the Gas' be Jersey City parent of York, to consisting of • 4,506-shares'of its cap-, , offered'fcr sale subscription 6,000 sale of it which bkiding;J' competitive at will It warrants additional its stock subscribe'for would be by shares. covering York However,-in interest in and York is * - the event consum-, shares of 901 purchase entitled,// the not y " - with Pennsylvania Gas' sale of its stock interest in York, York proposes to transfd* to Pennsylvania Gas its holdings of 120 shares of the capital stock of Penn-Western Service Corp.. orig-. inally received as a donation .from Pennsylvania Gas. Penn-Westem" Is mutual a bond service 929. corporation in the Pennsylvania Gas system. and stock the money provide - financing by York, together with other funds, needed for Its construction program'.—V. 170, - Zenith Radio 1,070,787 r ' 316,480 As $1,288,609* capital fund, interest in accordance with uniform system of accounts for Steam raihoads: prescribed by the Interstate Commerce Commission to /reflect changes in this a-nd prior years' tax liabilities recommended, by'Office of Internal Revenue Agent in charge.—V. 170, p. 600,;' ; ' ' " -.-c-, , -s , . SEC Electric issuance sale connection The 384,280 income bonds, sinking fund adjustment in Federal inepme $673,366. is. made the stock will part of the business, Corp.—New Appointment— expansion program now in progress for Zenith's, H. C. Bonfig, Vice-President, ■ on Sept. 1 announced appointment of John A. Miguel, Jr., as Manager of the corpora¬ tion's International Division. The initial step in expansion plans the occurred mortgage 4% % purposes. of $430,532 'i ) - . Pennsylvania Gas export available 116,373,967 1 .. $2,675,876^ 270,813 44,900 I" the & interest prior, thereto, $2,291,596 396,010 84,894 52,574 — on $560,326- 21,600 . . York's 500,883^ _ • ; 119,555,571 — . mated 653,029. $2,792,479.. $1,874,321 Gas Pennsylvania 686,040 $2,407,903 46,173 , 47,3^2 deductions 'Amount and used for the $538,187 , (kwh.) time, same entire proposed p. Fixed 267,632 $462,656, proposes to apply the proceeds of the sale, to-, cash, .to the payment^ and retirement of its out¬ standing debentures, without premium; ■ / ; Pennsylvania Gas states that the York stock is expected to be sold 731,461, tCr773;544 inepme Total 2,252[ $730,286 gether. with; other $4,863,009 109,642 724,001 tCr252,816 (net Dr)_______ ry. Miscell. 2,159 $716,891 —______ ital stock... The. stock is . Equip, and joint facility Other /?/; — 265,125 — Pennsylvania f. $1,030,148 .109,320.4 other tax accruals- requirements bidding by underwriters. * of any unsubscribed shares of 1 and Tidewater Southern Ry. Co.) $167,083 oper. ry. accruals_ rents $728,036 __' $982,016 of- —V. " 2,137,920. 1949—JMont)v-rl948 ,! '• 1949^3 Mos.—1948 ,1-1 oper. revenues * $3^69,'579 t $4,107,019 $24,613,780 $25,082,838 oper.. expenses * 3,202,496 .; 3,076,871/ 21,021,707 v 20,219,829 tax All (est, authorizing company to issue and sell $400,000 of first mortgage bonds, 3% % series, due; 1970, to Travelers In-: surance^ Co., and to sell art additional 6,000 newly author* ized common shares ($20 par) to its common-stockhold¬ ers at $50 per share. s ' /. 1946 .V- $3,7^5,058 1,018,206 748,297 2,189,467^T..2,617,395 "Net income . , noon 1947 . $3,919,395 Sales In Light Co.—SEC Approves Financing—Bids for Purchase of Unsubscribed Shares— "" " received income^-r ' Utah Power & Bids for- purchase " railway Income Nestle- Net program. -Earnings— 1948 ; v. 619,452 Payroll The 745,274. 287,000 i__• deductions income prior Net ! following products were sold to talcum, and "Djer-Kiss," a line tax income.. York County (Pa.) Gas Co.—rTo Sell Bonds Privately—. The SEC Sept, 6 announced ;the issuance of an order CONSOLIDATED SYSTEM INCOME STATEMENT • Mr. Manning Exton of Westport, Conn. Mr. Exton Is expected this product to a corporation not named, according to Mr. The purchase price was not disclosed.—V. 170, p. 248 and 696. nolders Net 23,284,963 railway oper.; . 600,000 789,910 476,900 $979,857 Federal income Income salesi.; ^ 105,771 — (Incl. Sacramento and to M Gross Period End. July.31-^ ,r new operating profitably. to Universal's present "Beauty in the Morning," Universal's beauty-treatment facial sold income sell'its Gotthilf stated that the corporation's cosmetics tiivision has had operating losses for" the past years and the disposition of the eosnfetic division will leave Universal with only profitable operations. future * 1949—8 Mos.—1948 ~ 662,500 I than Operating income. Non-operating income $3,123,065 income oper. from Net ry. 628,608 1,759,054 501,451 of From Jan. 1— Gross large and total a 929. p. 1949—Month—1948 i , Morning" products. stated of in operation at Aug. ,31, 1949, were 264, compared with earlier. / Wholesale, accounts in August; of this ;year";/, 2,277; against 2,003,a.y'ear ago,—V. 170, .pp. 833 and 600. from Net Morjis. H. Gptthilf,^ President and Chairman of the board, has an¬ nounced the sale of the company's cosmetic division, which«manu¬ factured and distributed ' facturied distributed '"MnvfR """Djer-Kiss" and "Beauty; •<« the "Mavis,' in ..corpor^tioq out Supply Co. (Mo.)—August Sales— ' The flo\yn 1948 $4,620,815 sales.._____ $12,407,000 $12,464,000 $76,385,000 $80,168,000,. from ■■■■'• 1949 1,761,456 v ; other Federal 99.57%" of * ' $5,299,231 revenues Maintenance Taxes, units July— Gross - Universal Laboratories, Inc.—Sells Cosmetic Division Gotthilf weire rating *' 362,419,757 ' Depreciation yeah a numbered Net products efficiency ' ■ > 354,469,039 170, p. 734 Operating > 30,000 65,500- , — $2.27 Yonkers Electric Light & Power Co.—Earnings- . Inc.—Operating Efficiency High— .j V':'.. ' ' Operating.expenses./ Western Pacific RR. Co. Net.profit 177,176" $3.30 1949—8 Mos.—1948 J 44,471,038 ' Sales $2,806,228 .688,780 $506,396 $761,817 ""Combined.wholesale and retaU .262 $575,44077,583 . « ' -174,032 * 2149. /'". p. (F. W.> Wool worth Co.—August Sales Slightly Off- 8,169,440 / 7,952,410 $693,503 Drill when 869,303 'Scheduled scheduled-miles.—V. 170, "Combined 4 ; $1,189,550 44,965 s 183,038 283,000 tax stock per 169, 91,519 ' 5% on preferred 620,394 r. on income Earncd 1949—12 Mos.—1948 $10,344,346 $21,870,421 $21,734,042: 4,278,565 and Pennsylvania income //■ , 1949—6 Mos.—1948 $7,989,934 $10,323,297 $21,805,191 $21,696,25X 35,207 21,049 65,23037,791 rev. 2,572,726 Federal . Period End. Aug. $567,044 $1,189,550 $17,769,797^ $740,119 income mortgage bonds.;. Miscellaneous taxes 42,245,338, equal to 95 " •/;;•"■ ";// $762,044 deducts,. corporation 873,078 59,744 652,227* 4,016,113 first compared with $1,606,234, equal months ended June 30, .1948.— as six ■ was 1949—3 Mos.—1948 income Western ' $1,209,357 __— 227,533 : r- Light Co.—Earnings— 1949—3 Mos.—1948 income Deprec. " 1946 $1,189,550 , 446,339 $5,035,517 income— income (net)... Int., exp. income— and other Net low-cost those Used as 1946 $1,980,506 360,610 $8,025,141 $3.25 (net)— —Y,.- 169, p. 2322, new ■/• ______ Total be 1947 •• taxes.. and v $7,621,438 $1.86 income——. Western Auto $1,209,357' received on Expenses up to - — revenues Materials 382,59? 382,592 $4,358,787 ended revenues oper. Gross United Stores Corp.—Earnings— to be 1948 113,612 __ $9,903,230 1,899,170 $5,499,668 $11,393,438 949,585 ,1,899,170 $2.06 1,969,449 Int. and Higherhas specialized for other and * V Period End. June 30— Net 6,657,305 7,122,667 3,481,867 " medium the company sections," going into the dwellings will be of the same qualities and standards in the larger homes,—V. 170, p. 599. ^ \ / " to income. oper. 169, —V, 4 continue field in (Alan) Wood Steel Co. (& Sub.)—Earnings—; , was _____ oper. Net $2,731,492 >,Other of Gunnison —V.- railway. from Int. and $8,981,535 $18,516,105 $16,561,035 Oper, exps. and taxes— payment includes interest, insurance and taxes, and the mortgage. The entire package also includes lot, landscaping and a number of internal features. « : • v Prov. ry. Other 713,950 2— monthly priced larger homes, deficit 695,430 $4,845,328 , $973,122 1949 $1,560,000 Earnings— Twelve Months Ended June 30-— The repayment 15 Ry. Costs. share, per minutes. 20 every 663,602 8,667,500 —„_ months of " O'Brien, its President,; is expanding the dealer organi¬ establish new dealerships- to make the new homes coast 68 Net subsidiary's new assembly line, plant at for mass output of homes at a rate of six of July, 754,382 $8,536,999 $17,751,847 $15,665,904 444,536 764,258 895,131 Period End. June 30— price can be bought for $350 down and about $37 a month, including insurance and taxes,, meeting the needs of many in" the $35-40 a week income group.' geared 7,665,509 U-i West Texas Utilities Co.-^Earnings— this under 337,906; v '• take qualifying from Net 2,343,105 V. 170, p. 929, . advantage of the 95% FHA mort¬ appraised value of the home and lot does the the the decline $2,041,818 " $2,651,369' $2,225,756 368.485 843,107 652,954 railway Oper. exps. 3,571,078 3,929,003 stock— deficit a in the „ 256,064 cents per share of common' stock two bedrooms, is set for immediate pro-.' marketing through the corporation's home fabri¬ mass home -. • ■ This on $450,000 from - 6,051,856 191,296 / income of *Net .. home, which has cating subsidiary, Gunnison Homes,. Inc. Central Period End. June 30— stock shares with compares about 1949 Operating 7 236,538 7,855,898 4,056,260 949,585 com. share of months cf purchased common of resulted ago railway Net from railway._____ Net ry. oper. income —V. 170, p. 537. 1949—12 Mos/ -1943 $9,549,783 365,429 cum.) "Per because but result. seven From Jan. 1—' 2,927,622 $5,986,209 A which increase year Wisconsin Power & $9,915,212 class 9.1%," declined 25%, month, ' • 256,054 stocks_._ pfd. on ($7 Low-Cost Enters July from Gross ,:; income— on Divs, a the low-cost housing field with a pre¬ designed for the family of moderate in¬ Sept. 8. " home announced was ■. Unit .— a Wisconsin Gross Net 4,622,760 — inc. deducts,™ Divs, entering four-room new ''• ■ corporation is fabricated Corp. The July— . for the kwh,", a decrease the corresponding c income *Bal. for United the Gross income.. income $1,419,554, of with Int., rentals & other inc. // (■" : for 3,700,644 - > Operating income Total of tax 1949, the deficit amounted to $5,091,795. In the same period of 1948 there was a deficit from current operations of $1.122,500.—V. 170, p. 734. company ACCOUNT INCOME 4,084,176 on excise revenue-producing '• property acct. adjustments Gross has 108,688,000 kwh. Fed.-:. - low and 1948. For the $44,143,744 $40,407,630 $86,873,384 $77 923,918 18,534,"672- 17,358,963 38,217,172 34 299,808 depletion /' SEC deficit over Co.—Weekly Output— 3,889,006 Deprec., retirements and the war-imposed seasonally a partly, offset by operational and other savings of over $1,006,000. The revenue and expense trend in August, 1949, while por¬ tending continued deficit operation, indicates material improvement consecutive 79th 1949—6 Mos.—1948 —_ impact of Is service revenues, 3,207,283 Non-operating decrease 152,363 output of 30—' than taxes The a' Inc.—20-Cent income Federal 6.5%, or in Amort, of Hydrocol Is now offering 600 additional units for subscription. Of these units, 82.725 are being acquired by United for an aggregate cash/ consideration of $333,454, bringing its total subscriptions to 217.725 units, '• * ■" V /'/'"/ The eral •• $7,251,347, 833,020 declared __ other Taxes, of 1,145,416 full July public 536. revenues... Maintenance reason stock. of oper. Operating expenses of changes in plans and increased costs, it is now estimated that the aggregate cost, including necessary working capital, will be $38,168,000. Of this, amount, the RFC has agreed to loan up to $18,500,000. The balance of the funds was to be provided' by certain selected companies, including United, through the issuance, by Hydrocol of 6% promissory notes and shares of $1 par value common stock, in units consisting of one $10,000 note and 75 shares by However, the Period End. June a . decrease a 1,005,237 :CONSOLIDATED Total plant near Brownsville, Texas, for the purpose of manufacturing gasoline from natural gas by a synthesis process known as the / Hydrocol Process." United previously was authorized to purchase (along with other subscribers) certain notes and shares of common stock of Hydrocol, the cost of the proposed plant then being estimated at $14,000,000. Hydrocol July, 1948. For the seven months of 1949, gross $104,811,403, compared with $112,062,750 in the same/ year, regulatory requirements, operating expenses cannot reduced proportionately. Therefore, operations in July, 1949 resulted the ,"•./•':/V/V" / application to the SEC for authorization purchase certain securities of Carthage Hydrocol, Inc. corporation, has made The last 25,574 14,701 * Fund, have from in totaled of *200,439 income_„ 1948.- + *27,846 output of the electric properties of this Sept. 3, 1949 amounted to 99,65^,400 of Earnings— *19,745 ended 8.32% of Carthage United Gas Corp.—To Purchase Securities of Hydrocol, Inc.— ' *16,870 , 927,682 railwayrailway directors week 185,521 *13,249 ■"■'72.337, "70,771 West Penn Electric 7762) covering 200,000 shares of withdrawn Aug. 30.—V. 170, p. 929. (No. was 214,756 129,224 $15,783,742 Net registration 2,200.496 383,327 250,387 reduced activity of general business and the volume-. " destroying effect of the telegraph excise tax. For the sam^ seven, period, revenues from telegrams sent by the public, which bear Withdrawn— common 2,246,025 560,302 120,614 months quarterly dividend on the stock amounting to '20 cents per share, payable Sept. 30 to stockholders of record Sept. 15, 1949. It will be payable from ordinary / net income. A similar distribution was made on March 31 and June 30, / last, and in each of the first three quarters of 1948. In the final quarter of last year, a dividend of 40 cents was paid.—V. 170, p. 833. airports.—V. 170, p. 696. and Newark 2,580,087 325,426 be Wellington York, TWA officials said that the start of actual operations at Idlewild will depend on availability of facilities. Until then all overseas and domestic flights of TWA will continue from LaGuardia In 2,301,723 income... 1946 in Dewey Governor of railway—— railway— 170, p. 536. and long ■"Deficit.—V. • • $151,256 income oper. $335,451 1947 railway—— from Net 29,684 1946 , $100,545 from Net participate in the use of New York's International Airport. This is step forward toward TWA's ultimate goal of providing the finest In commercial air transportation. TWA appreciates the work 10,994 oper. revenues 't " to a 24,853 " , Western Union Telegraph Co.—July From Jan. 1— Gross 60,155 19,251 income... . reilects_ the • $124,209 $41,472 railway oper. ry. period 1948 1949 from 41,714 The company reports gross revenues of $14,223,336 from services to the public in July, 1949, compared with $15,806,766 in June this year / Ry.—Earnings— JulyGross will sign a memorandum of agreement Airline World Trans York " / • • ... $299,944 55,437 from from —V. v-'V TWA-Port Authority Sign AgreementPort $141,750,, r-V. 170, p. 599. and $1,000,000; 1947 $353,701 51,899 oper. Net Other Balance 1948 $320,105 From Jan. 1— * 27,725 _i_ $615,847 income ry. $3,936,634 $4,469,619 $911,779 from Net of Co., 15% as each airplane Is delivered. down and an additional 25% pay Bank National oper. Other Pittsburgh, and the Bankers Trust Co., of New York, with $3,000,000 each are the largest single subscribers to the $12,000,000 total loan. Total cost of the 20 new Constellations is approximately $20,000,000, of which TWA is to Mellon 1049 railway.... railway__l___ from Net Net Oper. exp. and taxes... TWA The July— , sion , last with October when headquarters Zenith's export business other Mr. sales Zenith set Chicago. in on a up its own This unit International Divi¬ handles now all direct basis with foreign distributors of and customers. Miguel brings to Zenith 20 years' experience executive in the United America, South America, States, the West as Indies, and the Pacific area.—V. an export Mexico, 170, p. 441. radio Central : _ < - Volume 170 Number 4837 • THE COMMERCIAL Stock Record & FINANCIAL Range Since Jan. 1 Highest Lowest t per share Dec 2% 100 Dec 14 35 Feb 23% May 46% Jan Dec 27% Dec TVs Peb 106 35 41% July Dec Jan 5 14% Feb 9 Abraham 7 ACF-Brlll Adams-Millis Affiliated 23% May 16 Air 4% May 2% Jun 21 13% Peb Y 64 Apr 15 3% Apr 16% Aug 14 71 13% Dec 21% May 65 Nov 80% 2% Dec Jun 37 Feb Dec 75 23% 90 May 17% Jun May 90 Mar 7% *171 Apr 83 11% Mar Jun 6 Jun May 165 Jun 15% Jun 104 13 198 Inc July May 13 27% Jan July 12 96 Dec Aldens 14 34 7 7 Mar 12 24 Allied 14 18% Feb 1 Allied 34% May 37% May 24% Jun 15 25% Feb 25 91 Jun 83% Jan 8 42% May 98 Jun 25% Feb 25 30% May 12 76 22 85% Sep 8 31% May 10 3% Jan 8 Feb 81 Mar 26% Dee 73 Dec *25 Not 3% 31% Not Oct 26% Jan Not 50 Peb 121' 34% 14 37 Apr 29 89% Feb 7 May Dee 52% Oct 10 Mar Not 6% 47 68 Mar Jun 18% Mar 70 Feb 43 45 6% Jan 51 20 May Sep 9 Jan 31 113% Sep •: 34% Jan 29% July 58% 96 3 2% Jun 6% May Jan 44 83% Jun 28% Aug 18 32% Aug 18 Chemical Kid 4% 8% 9 Amer 24 % Mar 31 Jun 61% July American 67 Sep 6 3%% 6% Dec 103 Not 111 Jun 10% Mar 29 American 30% Mar 23 43% May 35 Jan 10 Amer 104 6% Sep 10% Dec 96% July 11 5% Jun 1 3 Dec 6% Jun 2% Jun 13 76% Feb 92% May 177 Jun 163% Oct 28% Not 74 82 27 May Aug May 15 Dec 20 % Dec Jun 19% July 1 106% May 6 39% Feb 15 Jun 15% Feb Jun Oct 35% Feb 107% Jun Peb 99 49% May Jun 14 25% Jun 87 July 5 Mar 11' 4% 7% 5% American 14 Lswest • 5 Range Since Jan. 1 Highest I per share Lswsst 8 per share Jan 14% Mar 7% May 19% Oct 13% 19 Dec 42 Dec 6% Dec 37 Not 15% Feb 24 14% v 13% Jan 5 1% Jun 7 44 Jun Jan 6% Jan 77% Jan 37 Jun 46% Sep j5% Dec 3% Dec 46 Jun 20% Feb 5% Dec 43 % May 7% 34 Jan 53 Jun 3% Jun Jan - 46 18 58 3 3 6 8% May 5% Jan May 17 9% Sep 3 5 Jan 73 Feb 23 Jun 11% Feb 7 13% Jan 19 Jun 16% Dec 26% Jun 12% Jun 14 95% Feb Jun 73 22 15% Mar 21% May 94% 10% May 24% Mar 93 5% Dec 35 Dec 29 Jun 100 Aug 5 13% Aug 10 18% July 25 18% Jan 20 1 102 11% Jun 13 Jun 76 Jan 7 83 ,' 13 30% Jan 19 Dec 96% Jan 4 7 5% Jan 3 104% Sep A 6% Jan 8% Jan Feb 35 Dec Peb 11% Jun 7% Feb 25 80% Not 95% May 83% Feb 11 69% Not 86% May 16 % May 70% Feb 10 10 Jan 169 Peb 162% Not 6% Dec 178 12% 32 • Jan 16% Feb 28 Sep 46 46% Feb 68 Apr May 139 Mar 31 Mar Not 163% Jun 21 Dec 27 Apr 10% Dec 24% 34% Peb 41 116% Mar 36% Aug 8 86 6 Mar 31 36 4 Feb 11 5 3 19% Jun 14 21% Jan 6 7% Jun - Jan 17 31% Feb 25 41 144 -■<; 28 3 Mar 135 Jan 3 151 49% May 30 X117% Apr 18 63 Not 6% Dec x33% Not Dec 90 76% Mar Jun 120 8% Apr 56% July 104 Jun 112% July 8% Jun X5% Dec 51 Not 67 30% Peb 6 Jun 14 6% Jan 3 21% Jun 6 83 Mar 31. 59% Jun 2 4% Jun 6 Aug 25 Jan 7 9 13 40% Aug 18 126 % Jan 17 V* Jan July 10 July 26 27% Sep 12% Jan 60 115% 7 159% Aug 29 138 16 Jun 19 Aug 26 150% Jan 72% Sep 121 5 8 Aug 19 Jan 7 Aug 25 8% Mar 30 38% Feb 17 91% Mar 11 80 Jan 4 6% Jan 7 Jun 60% Jun 48 % Jun 20 Aug 23 55% Jan 27 Jun 15% Jun 13 26 14 Apr 4 Dec ror & Light 107 8% July 2% Aug 6% May footnotes see page 24 35% July 26 106 Aug 25 7 10 % Aug 15 4 4% Jan 5 9 32% *100% 32 101 6 8% 32% 101 ' 500 3% 4,400 93/8 64 22% 8% 31% 32% 101 101 23/4 23/4 2% ■9,100 94% 2,300 187% 187 % 933/4 187 94 933/4 187 , 30 29% *68% 70 69% 70'A 70 187 30 70 187 29% ■&: 21% 21 y8 21% 213/4 213/4 *213/4 1081/2 107% 1071/8 Y *107% 108% *107% 473/g 473/8 47% VY! 47% 47% 19 18 18 Y,. *18 18% Monday I per share 153/4 *15% 77 45 *753/4 45% 107% 107% *28% 29% 293/4 HIGH SALS # per share 16 16 2% 2% Y*- *50 53 *8% ; , Y.: *5% ^ Y. 46% 46% •37% 37% 4% 43/8 *46 Y STOCK STOCK EXCHANGE CLOSED k *18 13 Y 82 27% -.13 13 *13 13 9% 83 13% 300 15% 15% 1,000 2% 2% v 2 51 50 18% 46% *46 27% 600 18% 27% 27% 104% *104% ♦6 4,800 800 Y A. 300 Y<; 2,700 18 3/a 700 143/8 86% 400 13% 133/8 1,700 83% *43/4 343/8 *6 *33 * 60 5 100 263/4 263/4 6% •33 100 700 48% 13% *104 6% 343/8 7,300 Y *82 Y Y 106 *6 i: Y 9% 18% 27% ♦33 4% 14% 83 6% 300 *82% Y 34% 900 102 13 14% < 273/, 9% 83 13% V. *96 14% *82 Y" 273/a 9% 104 % 105 6% *33 46% OY 13% : fY" 5 Y 263/4 2,400 37% *4 13% ;Y 9 46% "Y *4% 26% * 44 *37% 4% 83 83 *43/4 300 50% *8 3/4 43 ?. 102 J83/a Y 143/4 Y ; 5% *81 Shares 15% *26% V 4% the Week 5% 48% *46 % 83 Sale* for ■ 18% 37% *4% *96 4% *1041/2 46% *37 9 18% :Y. 143/a 13% 400 Friday Sept. 0 8% 102 83 ;V.V 30 I per share 43% *9 14% : 1,300 ' 27% 80% 18% 14% 80 • LABOR DAY 13% *29% 10 5,800 5% 8% *95 '0% 108% ' 183/4 43% !, 48 % 27 3/4 104 400 453/8 5% 1 ■ 50% 9% 45% 4% *123/4 :.Y 2 50% 8% 48% 15% 77 45% 183/4 *18 2% 50% 27% 100 107% 30%/ 15% 373/s *46 18% 15% • 108 *5% 463/4 *96 CLOSED 2 6 *43% 9% 45 27% EXCHANGE i- 10 1,600 77 45% i per share 16 par 300 473A Thursday Sept. 8 Sept. 7 Y 18% *153/4 300 •Y PRICES Wednesday Sept. 6 9 per share • *18 15% 107 % 00 : 108% *47 77 453/8 Tuesday Sept. 5 I per shore *15% *75% 5,700 Y, Y 70 % *21% ; 200 293/4 *70 *107 >/8 30 400 2,300 2% 29% AND 3,300 ' V' 2% 931/2 30 *28% 3,700 5% 2% 107 90 8% 5% 29% 107 600 6 931/4 , 800 - 69 5% 3 45 10,700 64 22% *67 Y 101 2,200 2,100 45 :Y; 18% 1 113% 6'/8 94 186% Y 40 113 32% 101 400 30% 3% 9% 32% 101 6 6% *2% 9% 100 5,200 87 600 106 * 20 6% 100 34% com—No par 11% 06 preferred No par 1003/4 101% 05 1013/8 101% preferred No par 85% 85% 85% 85% 853/s 85% 853/8 85% 2,000 13 13% 13 13% 13% 13 13% 10,700 178% ♦175% 13% 178% Amer Rad & St San'y com—No par 7% preferred 100 American Safety Razor Seating Co 7% preferred American 5 6% non-cum American No par 100 Snuff Co com preferred 25 100 Steel American Foundries___No par Stores Co No par American Stove Co No par American Sugar Refg common—100 7% preferred American 100 Sumatra Tobacco American Tel & Tel Co. American 6% Tobacco Am Water American 7% 5 100 Works Co *383/4 *145 21% *26% 463/4 46% 1593/a *383/4 393/4 150 *145 21% 26% Y' 140 18% 144-% 1503/4 613/4 5 7% common..No par Inc— 233/4 100 & Cable 25 50 No par Anchor Hock Glass Corp com—12.50 $4 preferred No par Clayton Anderson-Prichard & Co Oil Corp Mining— A P W Products Co Inc. 21% 34% ♦39 46% 1593/8 39% 103/4 *119 7% 73/4 343/4 40 159% 71% 100 7% 34 *39 40 144% *175% 73/4 10% *18 12 101 40 40 *123% 12 101 35 61% preferred Copper 46% 159 :a 1503/4 04 conv prior preference—No par Zinc Lead & Smelt com 1 Andes 34% *39 178% 25 Amer Anderson, 7% 100 Woolen Wire *175% 11% 1003/4 12% 101 common—14 common preferred American Viscose Corp 5% preferred Anaconda 36% Mar Power 4,300 96 *30 69 181/2 No par 8 18% 8 Amer 1,000 28% *85 223/4 *67 18% 100 Co— Co 35% Jan 46% Mar Peb *22% 69 No par 40o -100 preferred Molasses 100 283A 96 64% 23% *67 5% Fdy Co com~..No par 14 62% Aug 18 3 25% Jan 99% Mar 29 Sep *63 % *22% 1,100 32% *35 67 64% 900 ! 28% 3% 231/4 64 •• - 16% 32% 40 641/4 YY 5% -,,—100 preferred News 3% *36 112% 1 Amer Machine & Metals__„__No par American Metal Co Ltd com.No par 4%% 112 Vv 9% 100 $5 prior conv preferred Anaconda Copper Mining 22% Jun 112 No par com. 7 Jan 98 3.90% 30% YY' 67 1 ^preferred.. preferred Amer Mach 8b 3% 39 23% 50 Products 35% Jan Jun 303/4 3 *35 5,400 Y 6% 180 Y *28 85% 30% 64 Saturday Co 1 38% *30'A 2% 40 16 Co. 14 45% 30 5/a 2% 77% Inc 25% Jun Oct 85 30% Sept. 3 May Feb 29 85 44% STOCK 41% May 30 *95 29 *36 6% 6% 32% 96 Y 29% 96 ——— 19 3/a ' 28% 283/4 72 19 28% *84% *15% American International Corp.No par American Investment. Co of 111 1 American Locomotive common 1 1% *94 *71 19% 32% Y 283/4 20 48% Jun 25 y4 96 *75% preferred Co 32% 10 & Leather com non-cum 32 10u American 34% Jan 273/4 28 85% LOW Electric Ice 6% -,2 17 *84% No par American 17b *16% 73 19 28 com____10 com Amer Ship Building Co No par Am Smelt & Refg common„No par Jan 71% July YORK Home 6% xl7b *71 19 32 *94 preferred series A.10O American 73 Y? ' x28 % 100 7 Jun 144 31% 186 9 68% Oct 27% par 3 130 6"% 17% 93 Aug 158% 46% Feb 16% 1 41% Feb Jun 54% Mar 131 *179% 17 Cable.—No par Hawaiian SS conv American 176% Sep 1 8% Aug 18 8 6% American Aug 17 14% Jan 147% Mar . 180 *16% *71 YV' 17. / 25 preferred preferred 8 12% Aug 16 101% Aug 16 120 Dec YY 6% 179 6% 17 *16% 100 preferred 22 A 131% July 20% May 16% 63/4 DAY Inc___l 56% Jan Jan May 85% No par 17 142 Jan 35% Jun 23% Jan Jun 25% Not *82% 10 39% Jun 13 37 35% May 140 Feb 6% Mar Oct 38 125 7% Mar 14 22'A Jun 6% 12% 20 14% Apr 12 Sep 6 3 4% Jun • Jan July 98 85% 4% 29 15% Dec *82% 373/8 5 92 Dec 85% 100 Export Lines American 1,300 *82% 47 American Hide 515/8 85% 46% 24 12,100 50% *82% 100 Co 10 2% 51% 51% 2% LABOR 1 Jun % 300 23/4 91% 10 5 ; 2% *90% 2 com__ 3,800 :■ '' 91% __10 47% Jan 27 3% *90% *43% 3 2% 51 3% • 91% *18 & 72 ' 3% 18% 100 Foreign Power com__No Gas 15 *68% 3% *90% No par Amer 1143/4 71 33/a 18% No par 46"% Sep 1 37% Aug 30 13 Feb 07 15 71 73 07 2nd preferred A Jun Dee 6 4 31 15 72 91% 08 Jan 15% *68% 18% *71 10% Aug 18 8 10% 72% Apr 3% *14% 9'/a American Encaustic Tiling., American European Secur & 3 % 44% Co 200 15 % 9% common 2,400 2,400 106 44% Distilling Co American 7 *100 113% Par Amer 106 200 22 3/a 72 51 17 79 12% Not 8 24% Jan 26% May 108 Apr 2% Aug 19 ♦100 1,500 49 22 44% EXCHANGE 6% Aug 10 19 % Aug 10 106 YY *1% 10 NEW *100 6% *46 112% 9 per share 28 106 7 Y 9% Cyanamid Co Highest per share 4% Feb Apr 4% May 89% Jan 1% Sep # ■v 22% 6% . 193/s *90% STOCKS Year 1948 47 22% 50% No par Range fsr Previous 47 22 2% Co conv 6% 465/8 21% ":Y 2% Colortype American 6% 46% 7 47 21% 9% Co American Crystal Sugar 4%% prior preferred 3%% 8,800 445/8 — Chicle American 36% Mar 31 3 19 9% preferred & 183/4 44% Fdry com—No Chain 19% 9% & non-cum American 18% 44% preferred American 19 9% Corp Car & 18% 44% preferred 1% 2,400 18% 19% *111% Radio Corp Can Co common American 35 20% 1 preferred Broadcasting American 34% 1 conv 45% Aug 11 109 Aug 18 8 Jan 11 47% Sep 7 18% Aug 17 17% Mar 21 71% July 29 43 Peb 14 94 Dee Jun 7 Jan 22% Mar 30 109 8 22% Feb 7 33% Jan 1 51 25 187% Sep 6 60 110 33% 18 21 % Jun Jan 94% Amer Cable Jan Dec 81 172% Mar 17 American 7 94% Aug 3 3 Jun 38 14% Jan 11 49% 18% Mar 104 % 81 Jan 3% Jan 35 19% STOCK -.-50 Shoe 35 *43% Corp No par Chemical-No par Note Bosch Brake 10% Jan 100% Not Bank 44% 343/a 19% 46 CLOSED 50 common conv 44% 33% 19% *43% EXCHANGE par com preferred x7% Jun 29 31% Airlines cum Co preferred™ Agricultural American 45 33% CLOSED No par Leather Petroleum 19% 43 EXCHANGE 100 convertible 1,400 50% Mfg common.No pat preferred 10(1 Alpha Portland Cement Amerada 19% STOCK No par Corp common__No Amalgamated 19% 2% No par coot 19% 3 % —i;' Dye preferred 3V4% 19% 15 % 5 Allls-Chalmers 19% *70 gtd_100 Co Allied Stores 8 Sep 6% Allied Mills 10% July 22 67.% July 26 Jan & 19% *100 100 preferred_No par Allegheny Ludlum Steel Corp.No par 44.50 conv preferred No par 16 21% Dec 300 19% 1 cony Allegheny & West Ry Allen Industries Inc 2% 7 5 10 2% 21% 100 ww 17 Dec 25 02.50 prior ~2% 10 common preferred *2% *46 100 Allegheny Corp common 5%% preferred A 8% Jan 188% Jan 16% Jan 414% Ry Mining Gold 10 2% 18% No par 93% Feb • 25% P' Inc 4,100 106 *2% 19% 50 w w 45% 106 2% 1 com Vlckaburg 9 75 109 & Juneau 24 Dec preferred Reduction Alaska 64% Jan May $3 Alabama 2 Sep 8 3% Aug 11 53% Aug 11 2% Peb 25 V Dee 100 Aug 10 40% Feb 25 4% May 58% Oct 65 % 103 Equipment 44% 45% Shares 33% 1 Gas 45 ♦101 for the W«ek S per share 43 No par Corp 44% 43% *101 BalM Sept. 9 share ver 19 Va 1 Corp 43% Friday Sept. 8 9 2% 10 Express Co Admiral Nov 2% 43 % Thursday Sept. 7 f per share *101 Addressegraph-Multlgraph Corp__lo Co Wednesday Sept. 6 ! 9 per share 2.50 8 27% May 108 May 9 0 per share No par Co 9 Sep Sep Adams 8% Apr 19 47% July 13 May 25 18% Jan 3 Tuesday Sept. 5 I per shar* 5 Straus Motora Steel 20% May 17 5 97% Mar & Acme 35 46 Dec Laboratories Sep Not 99 Abbott Monday Sept. 3 44 % 14 5% Jun 20 *18% Exchange FOR EVERY LISTED ISSUE Satorday 21% May 26 20% Aug 11 27% Mar 28 22% STOCK Par 3% Jan 13 xl7% Jun YORK EXCHANGE 45% Aug 18 May 2 1% Jun 16 Jan 18% Jun 14% ' 9 per share 70 May 6% Jun NEW Highest t per share 37 76 13 STOCKS Year IV4* I per share (989) WEEKLY VOLUME OF TRADING YEARLY RANSE OF SALE PRICES Range for fmtoaa 9 New York Stock «» DAILY RANGE OF PUCES Lowest CHRONICLE 72 119% 7% 24 39% 150 213/4 ?; 46% 159 22% 26% *145 26% 22 26% 10% 10% * Y 39% 39% *39 *124 *18 127 " 1443/4 72% *149 613/4 ♦119 7% 23% 18% 145% 72% 150% 62% •: 10 % 124% 18 145% 72% ♦150 61% 119% ♦119 7% 243/s 24 7% 12 Y.Y 11% 12 2,200 *175%' 178% 7% Y :■ ■>'. 47 7% 73/4 3,300 353/8 36 40 36% 4,900 *39 40 46% 40 150 Y 22% Y. 27 2,400 158% 210 *39% / 46% 158% 1593/e 40% *145 213/4 273/8 22% 273/8 10 3/4 *10% 103/4 *39% 393/4 124% *124% 18 200 150 39% 127 Y 1,700 Y 1,000 Y 200 200 100 *17% 72% 18% 100 144% 145 % 145 % 23,000 72% 151' 62 14,700 150% % Y 62 119% 119% 7% 243/s 23% 7% 72% 151 62% 119% 7% 24 *823/4 86% 86% *81% 86% *83 *63 633/4 633/4 64% 64% *63 »/a 66 53/4 53/4 53/4 5% 53/4 5% 58% 583/4 26% 27 263/4 27 26% 263/4 26% 27 150 30 1,300 5,000 86% 65% 3,400 2,600 5% *58% 59 26% 27 26% 26% *34 ♦105 *50 34% 106 50% *81 *34 106 51% 34% 106 *58 *34 106 59 34% 106 *58 5% 200 50O v 60 26% • 59 27 8,200 27 27 400 34% *104% 34% 106 100 20 51% 51% 51% *51% 52% 200 233/8 24% 3,800 10 24% 24% 24% 24% 24% 24% 20 *93/4 10% *9% 10% ♦9% —8 10% *23/4 2% *9% 10% *2% 2% *2% 2% *23/4 2% THE (990) COMMERCIAL-& Range Since Jan. 1 Year 1948 Lowest Hifheat I per share 2 per t per chare share NEW YORK Highest 24 Nov 32% Oct 26% May 2 19% Jun 14 37% Sep Nov 89 Dec 101% Jun 77 Jun 15 95 15% May 5 Jun 13 Dec 68% Dec 34% Jun 56% 88 Jan Nov 13% 11% Dec Dec 12% Mar 18% 19 77% Jan 10 49% Jan 21 7 13 22 99% Feb 4 15 110% Jan 3 13% Mar '■••■ Feb 120% Sep 80 96 Mar 107% Jun Jun Feb 91 114 99 Sep 20 Oct 105 7 4% Jun 7 4% Feb 13% Feb 6% Aug 15 25 11 15 Jan 4% Jun 14 Jan 11% Jun 20 Oct 4% Jun 14 7% Jan Jun 34% Jun 14 44% Jan 7% 46 14% 100 20 41% 42V2 42 >/4 42% 42% 43% 431/4 44 2.600 & Santa Fe com__ 100 87% 88% 88 90 89% 90% 83% 90 4,100 *100% 100% 8 Jan 24 17% Mar 10 ' 7 100% 100 % 300 *11% 11% 11% 11% 11% 11% 10% 11% 1,200 34% 34% 34 ?8 34% 34% 35 35 35% 1,300 STOCK *64 % 66% *64% 66% *64 65% EXCHANGE *83% 85% *83% 84% *83% 84% *83% 84% CLOSED 37% 37% 38% 37% 37% 37 *110 LABOR 1111/2 110% 66 22% 50'/4 110% *110% *110% 99% 99 % 99% 99% 9934 22% 22% 22% 22% 22 ?8 9,800 112% 99 22% 23 50% 50 % 108 50% 106 106 *17 18% 50 *105% 18% 112 50% 107% *17 18% 50% 10 >•/ 410 106% 30 18% 6% 6% 6% 6% 6% 6% 6% *14% 15% *14% 15% 14% 14% 15% *14% 4% '4% *4% 12% 12% 12% Mfg Corp (The) common—3 conv preferred No pat 5% 5% *34% 35% 34% *14% 5 *4% 12% 4% 2,200 100 , 700 5 12% 900 5% 12% 7,700 5% 12% 5% 35 *34% 35% *34% 35 5% 5 5 *12% 220 2,200 50% 106% .*17 6% . $2.25 100 66 99% *99 DAY 37 37% —5c of 100 STOCK Amer—5 Co Automatic Canteen Co 100% CLOSED No par common *100'/4 EXCHANGE *17 Avco 130 *100% *105 10 1,600 • 100 RR_. preferred 100 Corp.. —No par Nichols common No par prior pref ($1.20)—No par Autocar 14% -10 Powder Conv 104 No par preferred Line conv Mar24 19 200 8 104% Atlas Tack Austin 20 TOO 15% 8 14% non-cum 4% 14% *14% 1043/4 Atlas 3 4 8 *99% 103% 25 ,4% conv preferred series A__10Q Preferred $3.75 series B >100 Atlas Corp — S Jan 14% 14% 8 1,400 130 100 Atlantic Coast 20% Jan 14% 8% 14% 14% 15 99% 109% 105 A T F Inc 106%* Aug 18 47% 99% *99% 58 10 Feb 47% •T03 *104% 7 19% Feb 14% *8 99% 109% 105 24% Aug 11 July 26 47% 99% *109 100 7 42 *14% 991/2 109% 104% 7 Aug 18 47% 400 60 *98% Jan 100 . *59% 47% •; 109% 8% 110% Sep 4 *99 15% Atl G & W I SS Lines common—1 5% non-cum preferred —100 Jan 47% 47% 98% *7% Atlantic Refining common 93% Jun 24 60 109% *14% 7 20 16% May 98% *109 —5 Mar 18 1 60 61 6% ' par Jan Jun 6% 99% Jan 70% July 13 6% ■'! 99 15 Dec 35% Jan 5% 6% —No par Carpet Co Inc 47 13 Nov 6% 47% par 94 16 12% Nov Artloom 59% par 39 9% May Zll *59% 14 100 Dec 4% 5,500 60% 6% par 13 Jan 24% 6% Feb Jan 114 6% Feb 106 Jun 48% Aug 100 6% 5 53 25% May 64% Apr 99 86% 77 May Feb Nov 102 *85% 30% Jun Dec Dec 50% July xl9% Jun 32% Jun July 64% 85% 24 84 81 85% 103% Jan 30%. Feb Jan 86 97% Jun 14 10% Aug 4 Jun Feb 85% Atch Topeka 35 Sep 86 7 Jan 25% 5,100 86 105% Jan 26 30 1,700 20 % 14 12 66 37% 22% 9 27 - Shares 37 22% 14 Apr Apr 19% com 13% Jan 15% July 15 share 37 22% Associated Dry Goods common—1 6% 1st preferred— 100 " 7% 2nd preferred— 100 Associates Investment Co 10 95 87 for the Week 36% ** 36 S per Sales 22% No No No -No $4 conv preferred—— Arnold Constable Corp 11 9 per share Friday Sept. 9 37 com $6 conv prior preferred Armstrong Cork Co $3.75 preferred Sept. 8 22% 100 Illinois of Thursday t per share 36 6 May July 62 Co S per share 22% 7 111 106 Dec «fe PRICES Wednesday Sept. 7 22 % Sep Dec Dec Dec conv 8ALE -*35% 99% Sep 44 Sep May 98 13% 4%% Armour 9 per share 9 per share HIGH Tuesday Sept. 6 Sept. 5 10 Corp com preferred 16% Jun 30 1 7% July 18 11% Feb 28 87% 44% Steel Armco Monday Monday, September 12, 1949 No par Archer-Danlele-Midland 3 Jun •: Saturday Sept. 3 Par 8 94 Jun 17% Aug Feb 7% Jan 38% Jun Jun 115% July • 9 27% Jan 26 105% Jun Jun 99% 41% Feb 103 49% Jun Jan 106 LOW AND STOCK EXCHANGE t per share 23% 6% CHRONICLE STOCKS luf* for Previous Uweit FINANCIAL 5%- 300 ' B :13% Feb Dec 17% xl3 16% Jun 11% *10 Mar 15% Feb Jun 8 Jun 8% Jun 13 12% Jan 7 Baldwin 16% July 29% July 7% Jun 13 11% Jan 7 Baltimore 14% Jun .- 14% Jan 15 Babbitt 14 22% Jan 13% Feb 31% Jun 14% Jun 13 25 Jan '7 Feb 80% May 60% Jun 13 72 July 27 Conv 59 38 Jun 28 47% Jan 3 Barber 21 % Jan 7 Barker 40% Nov May Dec x20 28% Jun 15 Sep. 8 Jun 36 Jun 6 Dec 39% Mar- 4 Nov 45 31 Feb 45% 9 Nov 16% Mar 36% "1 157/a Dec 30% Dec 80% Sep 16% Mar 23% 9% Feb Jan 11% Jun 32 43% May 41 4% 7 Mar 5% 3 Dec Beatrice Barnsdall Oil Iron -30 Feb Bayuk Cigars 934 2,800 8% 8% 8% 3,900 *16% 16% 17% 163/4 17 16% 2,300 18% 18% 183/4 18% (Delaware) 10 *14% 14% 100 *78 82 82 82 *80 82 *80 82 pfd Corp 14 37 Mar 30 Beech-Nut 16 16 Feb Belding-Heminway 14 16% Jun 30 Bell Aircraft Dec 24% 11% Jun 14 17 Feb Bell & 90% Dec 103% Jun 88 % Aug 18 98 Mar 21 26 Feb 38% Jun 26 13 34% Mar 30 11 1 Bendix 7 Beneficial Jan' 26% Sep 81% Sep 5 28 4% % Sep -7 2% July 6 Benguet 30% May 37% May 7 Loan Best <te Co— 25 30% Jan 7 Best Feb 39% Oct 23% Jun 13 33% Jan 7 Bethlehem 139% July 129% Jun 3 136% Feb 2 14% Jan 23% Feb 11 May TO 37% May 22% Jun 26% Jan i 29 31% Mar 21 9% May 31 > 11% Mar 11 per share 26% Dec, xl3 Feb 9% Deo 13 Dec 30% July 19% May 14% f per share • 17% May 44% July 19% Nov 29 % Apr 13% Jan 43 Sep 8 25% Mar 30 21 96 Jan 50 Dec 51 Jan 16% Dec 27% May 44% Jun 8 Aug 9 12 18 Aug 10% May 38% Mar 8 32% Jan 5 2 19% July 28 Bond Stores 18 Bohn 25% 25% 29% 30 26% 27% 132% 133 131% 100 Bon / Aluminum Ami Class Co 24% 24% 500 10% 10% 1,300 LOW AND HIGH SALE PRICES 25 NOV 92% Oct 15% Mar - 8% Dec 25% Jan 34% May 37% Jun 6 5 % Jun 47% Jan 14 20% Jun 26% Sep 98 Jan Sep 18% Jan 3 27 Feb 12% July 33% Aug Feb 99 95 17% Feb 15 Nor 120 Sep 7% Dec 65 Mar 30% Dec Aug 23% Nov 24% May 124% July 11% May 75 July 3 32 % Aug 100 15% Jun 27 22 13% Jun 14 120 Feb 124 86 29% Feb 16% Dec 43% Jun 24% Jun 5 Aug. 18 Apr 4 17% Mar 14 16 Jun 90% 21% May 6 6 Jun Dec 10 Jan Jan 40 78 % Aug Mar Jan 7% Jun 13 61% July 6 26% Jun 27 12% 81 9 Jan 103% Aug 23 33% Sep 1 10% Jan 21 29% Mar 14 7. 90% 7 29; 14 23 % Jan 33 8 Apr 16 3? 14 101% 10 9% Apr 13 21% Jun Mar 19 10 % Aug 8 70% Aug 10 34 Jan 13 26% 13% 13% 13% 1,300 11% 11% 11% 11% 11% 11% 11% 11% 3,600 10% 200 10% 43 43 43 43 19% 19% 19% 19% 19% 19% 19% 191/2 2,000 22% 22% 22% 23 23 23 22%, 23 1,400 A Inc 7 92 Feb 6 82 Aug 12 73 Apr 6 77 Feb 10 Feb 17% Jun 13% Jun 14 16% Jan 7 Nov 7 Jun 14 9 Deo x07% Jun 13 121 Dec 15% Jun 6% Jun 13 Dec 89 Mar 8% 73 2% Mar 16 Mar 98% Jan 23% Feb 27% Mar 62 Jun 1% Dec 5 Dec 21% 9 10% July May Dec Nov 101% Nov 37% Dec 14% Mar 10 Mar 38 Mar For 114 Jan 60 4% May 27% July 3 17 Jun 7 53 511% 52% 51 52% 52% 52% 20% 20% 20% 20% 20% 20% 20% 430 17 16% 17% 17 17 17% 17% 6,600 Jun 13 July 98%Jun 10 35% Jun 20% Jun 13 105 40% Jun 54% Sep 3 May 8% May 31% May 15% May 119 Jnn 44 May 30 Feb May Jun ' 2 3% Jun 16% Jun 9% Jap 100 Jun 27 35% Jun 27 8 13 5 24 Apr 18 1*% Jan 7 5% Jan 6 22% Jan 10 40% Jan 36% Jan 20 12% Feb 4 109 % Mar 21 16% Jan page 24 3 10% Jun see 25 7 24 19% May Dec footnotes 27 Jan 58 ' 2.50 common preferred Brooklyn Union Gas Brown & Bigelow 41 May 6 44% 44% 44% 49% 49% 49% 97% *96% 98% 100 *7% STOCK EXCHANGE CLOSED • ■STOCK *35 EXCHANGE *v *7 CLOSED 23% *25 LABOR 26% DAY •103 No par 33% 7% 7% 35% 35% 7% 7% 7% 23% 23% 23% 8 36 25% 24% 26% 26% 104% *103 33% 33% 1% 1% *30 30% *7% 8 *33 7% 34% . 7% 26% 33% 24 24% 25 104% 23% 24% 26% 26% *103 33% 104% 33% 340 44% 443/4 3,400 49% 493/a 5,000 *97 98% 100 1% *1% 300 31 >30 100 7% •7% 333% 333/8 130 7% 700 23% 1,600 *7 23% *25 400 25'/a *103 400 26% 26% 2,200 104% 32% 33 9% 9% 9% 9% 9% 9% 9% 9% *31% 321/4 *31% 321/4 *31% $3.60 preferred No par Brunswick-Balke-Collender —No par Bucyrus-Erle Co common 5 32% *31% •96% 98 *96% 98 99 *98 2,300 32% 7% Co Inc preferred Budd (The) Co *17% 16 9% 9% 9% 68% *68% *29% 30% 30% 30% *94 95 94% 94% ——1 100 r No par Co Mills *14% 5 33% i Inc 15 122 » 9% 69 *17% 16% *122 18 16% 100 17%- 17% xl5% *120 934 123% 934 68% 68% 68 31 31 95 16 *94% 123 9% 9% 1,600 ~20 200 4,300 490 6,800 68% 120 *30 31 200 *94% 95 100 15 15% 15% 15% 15% 15% 900 ■*33% 33% 33% 33 3/a 33% 33% 33% 1,000 173/8 17% 17% 4,800 1 17% 17% 17% 17% 100 *88 % 88% *88% 88% 88% 88% *89 100 901/2 *80 82 *80 82 82 82 3%% preferred 100 Burroughs Adding Machine_.No par *80% 84 *74 79 *74 79 *74 79 *•74 79 4% Corp 16i/4 68% pfd Co Watch "17% No par No par common Buff Burlington 16 122 122% $5 preferred Buffalo Forge Co Niag El Corp 3.60% 17% 17 7/8 16% 122 % 98 100 ; common preferred 3%% conv 2nd preferred Term 1 Bldg 7% Bros preferred 4%% preferred Copper & Zinc Byers Co (A M) common 100 Butte 7% 100 15 common 14% 7% *103 7% *64 14% 14% 7% *7% 106 105% 7% 7% *64 65 5 3% 3% No par 19% 19% participating preferred 100 *100% *22% 23 California Packing common..No par 5% Jackson Co Calumet Hecla Cons Copper Campbell W & C Fdy Dry Ginger Ale com Can $4.25 Canada conv preferred Southern Ry Canadian Breweries Canadian Pacific Ry Cannon Mills '¥ 7% >65 14% 7% 107 7% *64 3% 3% 19% *100% *22 101 22% *100% 22%. Co Ltd 55 1% 1% 1% 1% 3% 3% 4 4 17% 10% *104 14%. V/iir 73% 109 *7 7% 64 64% 3% 3% 19 19 *100% 23 33 33 33 3234 33 54 54% *53% 55 138 1% 1% 3% 378 3% 4 17% 17% 17% *17% 10% 10% 10% 10% *17% 10% ; 10 " *104 *104 105 39% 39 39 18% *18 105 *38% 40 *39 18% 18 Va *18 25 133i 14 13% 14% 46% 46 46 13% X46 10 100 2,800 500 40 1,300 30 900 200 101 *22% 55 100 *45 14% *107 32% No par No par 17% *54% 17% 105 101 22% 32% 1.66% 65 *18% 1% No par 7% 3% *54% No par 7% 19% *32% 5 14% 107 *18% 1 Zinc-Lead & 7% 107 50 preferred Callahan .14% 3% . 101 No pax Byron 18% Aug 17 46% Aug 12 44% 481/2 97% 1 Shoe 14% Jan 7 44 48% 98% 48 % *96 common—__15 Brown Butler 26% Jan 2 1 Co 3%% Bush Terminal 24% Jan 26 52 xl9% May 47% Bristol-Myers Bush 104 43% 5 100 Briggs Manufacturing Corp__No par Briggs & Stratton..____: No par 7 2 10 16% 1% 4 Feb 47 51% 30% Feb 4% Mar 30 10% *44 20% —15 Maine RR May 14 82 10% 1 (The) 9% Jan 1 Feb * 10 *10 No par —— *1% Bulova 70% Jun 10% 30% 7 77 101/2 *39 1% 11 Jan 200 *40% 31% Jan Jun *26 *10% 1% 18% Jan Jun 79 ■ 26 % 13% *30% 36 88 7% . 26% 13i/4 (assented).lOO 15 12% • 26% 13% Bearing Co __5 Airways Inc ...2.50 Brewing Corp of America 15 Bridgeport Brass Co ...No par 19 97 Shares 26% Rollter 13% Apr 100' the Week 13% Braniff 29% Jun Apr Sales for 26% .... Bullard Dec Sept. 9 I per share No par Co 94 % Aug 19 15% Sep 8 77 Friday Sept. 8 5 B Apr 26 12% Feb 15 72% Thursday 9 per share 13 '/a Brass Bower Feb Sept. 7 9 per share 2.50 Boston & Jun Wednesday Sept. 6 9 per share *26% Borg-Warner Corp common 3%% preferred 11% May f per share No par 5 Borden 71 I per short Tuesday 1 7 36% Sept. 5 No par 8 Dec Monday No par Jan 25% Nov , Saturday Sept. S Aug 26 300 24% 97% Aug 18 2% Jan 13 7% Dec *27% Mar 134 10% 45 17 *131% 10% 54 35% Feb 9,700 24% 7 ;: ,v 8% Mar 30 2,400 27 10% 91% May 11 1% Mar 9 17 2,900 30% 24% 42% Apr 21 13 25% 29% •26% 10% 66% July Jun 25% 100 400 17,900 24% 96 6 % Jun 2% 10% Feb 26 2% 24% NOV Jun 134 103 *101% 10% 42% 10% May 103 24% - class 133 '101% No par 87% 42 133 *80 —No par STOCK & 1,100 27 & Laughlin Inc Bloomingdale Brothers Boeing Airplane Co ... Jan 2,400 81% 30% (E W) Co— Jan 9% 26% .81% 25% 102 9 26% 26% — 64 9% 26% 30 81% 13% 81% 25 % Par 27 9% 263/8 26% Carpet Birmingham Electric Co Aug 24 9% 26% 30% Bliss 15 9% 25% Bliss 13 4,700 26% 12% Mar 18 26 293% 25% 6 9% Jun 90% 28% "30% 9 per short 33% Apr 17% Jun *88% 1 EXCHANGE 12 *12% 1 preferred Bigelow-Sanford 500 13% 90% 2% ■, 1,000 29% 2% ■ 40 28% 26% 9% 26 32% 32% 500 *88% com_.No par (Del) YORK 13% 29 90% 2% ... NEW 13 7% 7% *28% 29 % *88% x29 29% 2% 8% Jun 37% May Nov 9% 12% 13% 90% 2% 14% Mar 30 Dec 6% 29% 33% 3% 13 30% • 13% *88% Co_18 pesos 10% Jun Dec 1% Aug 32% Dec 14% 33 101 - Steel 10 12% *13% 33 % 100% Black dt Decker Mfg Co Blaw-Knox Co 57% May 5% May *12% 14 7% 29 100% 30 % Jan 22% 37% Nov 13 *131/4 33% *7% *28% *80 22% Jun 30 Sep 32% Mar *12% 14 7% 29 81% 7% Range Since Jan. 1 LowestHighest Highest 9 per share 13 *13% STOCKS Year 1948 1* 9 *12% 14 10 com Foods Bange for Prolong Lowest 13 Appliances..—33 %c Con.sol Mining Feb Dec 33% *13% 26 Feb Nov 33% *12% *<*0 30% 9 7% *28% 10 25 26% 7% Cum 102 1,500 28% 5 Indus 1,600 7% 100 common preferred Home 12% 51 28% pfd $3.25 ser of 1946.No par Cum pfd $4 dlv ser of l948_No par 9 12 51 10 1 1 Co— ... Co 12% 51% 1 Corp. Howell 12% 51 50 Bendlx Aviation Packing 23% • 100 RR—... 14% ; common 4%% (A S; 10% Feb A 300 15 11% Jun 24 : *14% 30% Jun Mar 29,600 13% 14% 37% July 125 493/4 *13% 14% Aircraft Jun 49% 133/8 97% Creek ■ 10 49% 133/8 *95'% Beech 2 38% 493/8 13% 97% Beech Jan *38% 49% 13% 14% 4 93 38 48% 13% 39 *14% 21 102% July 38 48% conv 20% May 19% Mar 86% Dec 39 47% *13% • 6% Apr 13 130 *95% 32% Feb 21% Feb 2,000 12% 10% Jan 73% Jan 15% 97% 6 Jan 15 51% 30 26% July 87% Mar 15% 12% 27% Jun 21% 15 51% Beck Shoe 18 1,400 *95% 7 1 45 1 *38 *38 45 12% Sep Dec 15% 453/4 96% 82 Nov 15% 4534 51% 69 Deo 15% 15% 900 67% 12% Co Foods 3% % Feb 9% 45% 67% 96% Beaunit 68 45 68 *66 51% 8 21 45 18% 25 20 % Jan Jun 68% 68% 16 *18% No par 12% Apr 27 i *67 5 Inc_„ 2 6 Jan 18% 44% 50 Corp Feb 14% 17 68 10 10 common- 10% Nov ;32% 18% 100 pfd————100 Mills, Inc 2.50 51% Sep 96'% Sep Apr 34% 200 9 S/8 Co.— 4 5 14% 9% 8% Works 25 Mar *14% 9% 8% preferred Bath Jan 100 14% 9% 8% Corp Brothers 6% Jun 69 *14% 9% 8% Oil Jan 22% May 14% 9% 8% preferred 87% Feb Jan 90 14% 9% Works Aroostook & 4 % % 3 14% Inc Ohio & non-cum 51% Sep ' 1 137/b Aug 23 17% Jan 20 15 1 13 common——100 preferred 100 common—50 T) Locomotive Bangor 60 (B 500 1,300 70 2,700 1,600 17% " 300 101/2 16,000 *104 105 39 39 160 13% *18% 18% 100 14% 1334 13% 28,700 *45V4 46% 200 46 Volume 170 Number 4837 THE COMMERCIAL- & NEW Range for Prerlonn Feb K 18 48 ft Apr 56 3% Sep 100ft Feb 261/4 Dec 12 ft 108 July 26% Jan 17 30 Jan 25 ft Jun 14 35 ft Jan 12 ft Jun 14 16 9 Dec 30% Mar 147 ft 1 Jun .Feb 10 131 ; ? Feb 97 Feb 123 39ft 105 Feb Jun Jan 7 •' 140 100% Aug 29 23 ft Apr 22 97 Apr 23 Capital Admin May xll4 class Carolina Clinch Aug 19 Carolina Power 29 Carrier common Corp Case & General (J I) Co 28ft "28ft 14 ft preferred Caterpillar Tractor 25 . Preferred 7 15 131 ft Jan 6 7% 17 26% Jan 7 Celotex 17 18% Jan 11 5% 18% Feb 14% Jun 29 17 21 Central 11% Mar 14 Central of 7ft May 31 3 Dec 6% 38% July 8% Mar Dec 100 ft Nov 108 83 39% Nov 10 ft Dec 15 May 7% Dec 11 Jun 18% Dec '28ft Apr 12 ft Nov 20 May 24 ft Feb 33 Jan Jan 7 24 ft Jan 8 5% 7% Sep 9 Central 104ft Jan 112 3 Sep 13 12 ft 9ft Feb 28 12 ft Apr 2iy4 Jan 14% July 13 22% July 27 8 11 Feb 26% Jun 18ft Jun 13 Cerro 6 100% Jan 91 14 15 ft Jun 30 31 ft Dec 45 ft Dec Feb 8 Jun 13 12 9 Feb 11 lift Mar 30 12% July 7ft Feb 24 10% Apr 22% July 15% July 12% Jun 14% May Jan Jan Jan 41/4 Mar 9% 7% Mar 30 Apr 21 May 16 Class A 28 36 ft Jan Series Jan preferred 49% Mar 57 Jun 25 ft Feb 42ft Sep 25ft Jun 17 34% Jan 21 45% Jan 72 ft Oct 56% Jun 14 74 Jan 20 July 15'ft Oct 10 12% Feb 4 55 ft May $3 4 convertible Chic Rock Is & Conv 63% May 35 31 Feb 42 Jun 31 Jun 16 50% Nc,V 65% Jun 44% Jun 14 26% Apr 25 Feb Nov 27 36 ft Jan 48% July 29% Xll% "5% Jun 11% 11% lift 11% 12 % 12% 11% 12 "7 •7 13 18 18ft 12% 5% 5% 30 % "3% "15 6 16ft Jan 51/8 Jan Par 19 20 7 60 Jan Childs 8 Jan Chlckasha Cotton Oil 7 58 • Jan 36 l 7 7 Co 5ft% 30% 84% - 13% 1,805 12 ft II,500 12% 12% 26 ft "26ft 27 500 23% 23% 700 95'/q 96 ft 5% ,23% 23% "96ft 97 ft 5% 5% 5% 19% 19% "191/4 " :<o 300 20 1,000 30% 6,600 30 ft 30ft 30ft 30 % 843 4 84 ft 84% "83ft 3% 3% "3% 4v 3% 3% 8% 8% 8% 8% 8% 8% 400 10ft 10% 10ft 10% 10% 5,100 81/2 500 : 10 "8. "8 8% >, 15% rj 200 84 200 15% 15 ft 15 ft 1,200 6% 6ft 6ft 6% 6ft "6% 6ft 3,300 3 ft 3ft 3ft 3% 3% 3% 3% 900 5% 5% 20% 5% 3,100 20% 3,400 h 5ft 21 "10% 5% 5% 5ft 21 21ft 10% 11 5% 22 ft, 21 21ft 10% 1.0% 10% 10% 2.000 28 28 ft 27% 28 ft 28 28 27% 27 ft 1,700 26% 28% ' 27 27 26% 26% 26 '/a 26i/2 50 ft 50 ft "50 ft 51ft "50ft 51ft 51 51ft 300 30 ft 30 ft 30 ft 30ft 30% 30% 30 ft 30 ft 2,700 65 651'4 65 65 65% 651/4 "65 66 "11% 11% "11% 11% "lift I per share Monday ■ Sept. 5 $ per "11 ft 11% Tuesday Sept. 6 11% Wednesday 11 "13ft $ per share 14 3 "13% 3 40 40 "31 51ft , .> 1,900 800 20ft 54% "82 ft 3% Shares 3% 4IV2 41ft 41 41 "31U 52 51% 29% 29 ft 1051/2 105 25% 55 ft City Investing Co common 5 5 ft % preferred—.. ——.—100 "12% 3% 104ft 25% No par 13% 3% 33 51ft 29% the Week 13 % 4iy2 "31 104% 25% Bales tor share 3 % 40 ft 33 Friday Sept. 9 I per Sper share 13% 3 51ft 1104 ft 8.50 com preferred-; Thursday Sept. 8 Sept. 7 S per share share 25 Elec & 1,000 8 30% 100 Gas 12,800 12 "82ft Machine Co—10 4% 11% 4 100 —25 preferred Cincinnati < 500 18 18% 12 ft 100 13 6 10 Copper Co— Chrysler Corp "7 26 19 —1 common Chile 30% July 29 105ft Sep 4 18ft 5% 19 lift ll% 8 10 871/2 ft -3 ft Saturday Sept. 3 EXCHANGE .Jun 97ft Jan "j 19 "82 "1.2 112 "87 13 ■i 8 19 87% 300 3,200 7% LOW AND HIGH 8ALE PRICES STOCK NEW YORK 2ft Jun 101% May 12% 17% No par $ per share $ per share Jun 11% 112 112 13 200 14 7% 7% "87 13 "13 13ft , "111 87% lift STOCKS Range Since Jan. 1 Highest Lowest Oct 112 ft 100 Chicago Yellow Cab 1,600 31/8 12 V8 No par A 606 8% 3% "87 RR Co—No par series 15 ft 8% 3ft "111 100 com "15% 8% 12% preference—No par Pac preferred Range for Previcns Nov vtc 15% R% 87% 5% preferred 100 Chicago Pneumat Tool com„No par 29 ft Mar 30 May 11 A 161/2 112 % "7 4,500 "16 12% 12% 170 16% 17 l'87% DAY — Chicago & Northwest 27 19 ft "111 LABOR 200 "3% i5ft 21% Jun 14 49 ft Jun 23 44 ft 7% 15 ft May 19% May 4% Apr 13ft 7% 15 ft 49% July Nov 13 ft 7% 7% No par Chic Milw St Paul & P vtc__No par 40 2% 13% 7% "13 & Louis Ry Co class A—25 Class B Dec xl3 13% CLOSED Chic Ind Jan 5ft Jan Dec 23% EXCHANGE CLOSED 15% 10% 3,200 15% 8% 33% 90 EXCHANGE 8% 8% Jan Feb V4- 8ft 15 14 ft 8% 3 V4 8 ft 9 33% Jan $ per share 1* ft 8% 3% ft 10 ft 14 Sper share 1""- 8% "3 10% 13 Highest 15 ft 8% STOCK Chicago Corp (The) 1 Chicago Great West Ry Co com—50 5% preferred— _go 13 Year 1948 125 8% 26 Lowest "123ft 15% "16 8% Jun Jun 123ft 9,300 17 "16% 40 9 ft Jun 17 123 500 281/a 15 ft 15 17 181/4 Jan 13 4% Jun 13»/4 July 41ft July 23% July Dec Jun 123 ft 33% 102ft 28 28 ft 15% 10 14 5ft Jun 28 3 123 ft Chesapeake & Ohio Ry common 25 3ft% convertible preferred 100 Chic & East 111 RR Co com No par Feb J Jun 123 ft 32% 101"% 28 96 July Nov 102 33% "101% 1021/2 15 ft "STOCK 300 1371/2 "101 ■.:> 32% 23% 7 "135 101% 96 13 138 101% 23% Jan 2,400 101% 97 ft 3ft Jun 38% "101ft 24 79 37% 101% "96 Jan 400 33ft 23 ft .33%: "23% July 7ft 101% Champion Paper & Fib com__No par $4.50 preferred No par Checker Cab Mfg .1.25 Chesapeake Corp of Virginia ___5 9 34 ft 27% 25% 90 14% ft 7% 32% 1 1 Co 14% 34 I,500 7% "135 133 12 ft Belt 14 34% x38 ■ 25% 34% Jan 9 2,000 13% 34 % "7ft * , 12 281/4 Jan 51/2 Jan 100 101% 5 Products 29% 15% ft 100 Copper Corp "136 33 26 17 ft July 18 17 ft 10 Pasco 138 . "25ft 29% Jun 85 38 v No par 8% Jan 13 37% Chain Jan Feb 13% Jun 5ft Aug 31 May 7% 7ft Jersey • 25V4 Mar 12 de Certain-teed 97 ft Mar Dec 6 par "291/4 *7 % ft ; 18 25 ft Aug Feb 33% .. 18 Jan 60 4 No ' 17% 76 ft Hudson G & E Cdrp 29 3/4 28 % s.5 preferred series B vtc_—-100 2,000 "29ft J4ft >1 No par 28% 33% Central & South West Corp com_5 Central Violeta Sugar Co 9.50 Century Ribbon Mills No par 20 13 ft Jan 14 Sugar Co Ry Co vtc Central RR of New Sep 2 8ft Mar 29 8 14 ft "16 111 Light' 4%% pfd 100 Central NY Pr Corp 3.40% pfd—100 88 ft Aug 24 ; 35% Jan 20 6ft July Ga 28% 101% 20 Central 9 79'A May 24 12 ft Aug 29 9ft Jun Aguirre •30 233/4 "1011/4 122% 100 - 102ft ft No par common 7% "101ft 29% "7% 34 ■ 55 102ft 29 29% ■ 141/2 7% 28% 28%*' 14 ft "54 Shares 7% ; 27% ;■'< No par preferred Corp preferred 4 10ft Jun 7% 2nd 17 6% Mar May Jan 6 14 12% Jun Jun Oct 7ft 74 Jun 30 "14 for the Week ."101ft ft 33% 32 No par Foundry Co___ Central Sep 28 ft 102 14 ft 7ft Sales share "101% 100 Jun Jun "101ft S per 55 "54. 1 7ft .7% "136 10 common 4.20% Celanese Corp of Amer com $4.75 1st preferred 15ft Jun lift 102 "14% 35 7ft Friday Sept. 9 S per share 14ft "54j ■/•?■ 7% "32% • 100 13% Jun 12% "14 7ft 37% 50 7% Jan Feb 101 ft 1 common Jun Dec / No par Corp 34% 6% 55 7ft ' Carriers 20ft 5ft 14ft "54 • Thursday Sept. 8 Sept. 7 S per share "13ft 5 Dec 22 ft share PRICES Wednesday Sept. 6 S per share .. 10 Feb Jan ; S per . 100 common 17% Dec Tuesday Sept. 5 1 Ry Light 22% 16 Monday 1 & Ohio & .# per share 15 RECORD 10 Conv preferred 4% series £ Aug 18 Mar A Carpenter Steel Co 9 Mar 12 105 Par , $3 preferred A Capital Airlines Inc 33% Aug 26 102 ft Sep 9 32 ft Jan 7. July 140 • Saturday Sept. 3 - <7 ft May 40 11 26% Jun July Feb * May 5 7% Aug 18 24 Jun 17 37 4 6 30 May •52ft Feb 22 Jan 7 32 Nov 130 8ft July 26 100 Nov vUw.;.v W. 55 ft May 11 Jun 41% ■ 6ft Mar 35 ft 15 4 23 Mar 5ft Feb 19% May 43ft Jan Dec 30 121/4 Mar 23 ] (991) LOW AND HIGH BALK STOCK EXCHANGE S per share 50 May Aug 110% NEW YORK Highest t per share 8% Mar Dec 30 Since Jan. 1 Range Lowest Highest $ per share 11 STOCK CHRONICLE STOCKS Yrar 1948 Lowest S per share YORK FINANCIAL 25 ft 25 55 "31 33 51% 52% 55 i29'/2 5,400 250 33 51% 29 ft 13,300 30 104% 29% 105 300 13 105 4,900 170 ' X20 Feb 26ft Aug 18 3 . Cincinnati Milling 55% Sep 11 42 ft Jan May C I T Financial Corp 8 Dec 10 Jan 6% Feb 25 •' 75 ft Dec 84 ft Apr 79 ft Jun 17 -■ 83 Apr 5 24% Dec 35 Jun 25 Jan 3 • 29ft Jan 27 21 .May/ 16 Jun 6 19% Sep 9 City Products Corp City Stores Co-— 14 30 ft Jan 8 Clark Equipment Co 7% 15% Jan 27% Mar 176 Jan 20% Jun 38'A Aug July 80 < 176 July _ Feb Jan 111ft Jun 22% Nov 34 ft Apr 108ft Jun 105 Oct 43 14 73 Feb 17 43 Jan 26 10ft Aug 23 15 ft Jan 19 24 ft Jun 31 Clinton Industries Inc 15 30% Feb 2 July 19 Apr 26 141 % Sep 9 Clopay Corp——-_1 Cluett Peabody & Co com No par 7% preferred —100 82% Jan 28 37 12% Jan Jan 27% Dec 137 Feb 75% 134 ft 60% 1332 31 Dec 133 92 ft May Dec 71 183 Dec July 21ft Jun July 147 Dec 45% 96 Feb 6 Aug 29 64 5 Cleve 5% 1075 Cleve 4% Coca-Cola Co Class Jan 24 19% Jan 19 12% Jun Oct 15 Jun 6 7% Jun 10 12 Nov 18% July 8'A Jun 15 Jan 9% Dec 17 ft July 7% Jun 7 Dec 32% May 17% Jun 6 20 Nov 31% May 16% Jun 22 10% Feb 14% Jun 9"% Jun 7 7% Sep 13% May 7% Feb 10 . Gas 9 13 Columbian 21 Columbus 28ft Jun 21ft Feb 11 36% Jan 53% July 46% Feb 25 90 Jan 95 Jan 12 xl6 Nov 13% Jun 22 Jan 3 5% Aug 31 Dec 8% „ 3 Apr 89 ft Jan 3 25% Jan 3 105% Aug 5 27% Aug 11 11% May 7% Jun 7 101/2 Aug 22 Dec 27 ft Dec 36% July Dec 32 6ft May 25% July 2ft Jun 21ft Feb Feb 8ft Dec 37 ft Dec 1081/4 Dec xl06 181/8 Jun 11 12ft Jun 8 51 Jan x Apr 3.60% Commercial Solvents Commonw'lth $6 & 5 Consol RR of Cuba Grocers Corp Consolidated Laundries Corp 6% Jun 14 12% Mar 8 Consolidated 15% July 7% Jun 16 9% Jan 7 Consolidated Textile Co 7% Nov 18% Mar 8 Juii 6 12 ft Apr 13 29% Dec 27 -4 Aug 29 109 Aug 31 Sep 106% Dec 1051/2 Apr 20 Dec 42ft Jan 27% Jun 17 Jun 13 100% Sep 9 13% Jan 3' 15 '/a Jan 21 Jan 5 96 Oct 99ft May 10% Mar 17% July 90 84% Mar 92ft Sep Aug 25 6 36% Mar 30 Jun 15 102V2 Aug 16 131/a May 6ft Jun 2 Oct 56% Feb 24 Nov 40 May 92 Oct 99 July Nov 48ft Mar 22 30ft Jun 29% 8ft 85 37ft Jan 641/4 95 . 9% Jan 64 Common» 7 Aug 22 ; Vultee "when $4.50 preferred 16% 10'A 300 9% 10% "10 < 9% 10 10 430 'V: 70 "9% 10 "9% 10 18% 18% 18% 18% "17% 17% 17% 18 18 1078 11% 10% 11% 11 12% 12 12% 12% 59% 59% 60% 61% 62 30 ft 30 30% 29% 30 1.500 20ft 20% 20% 20'A 20% 2,100 12% "12 59% 9 . "59 30ft"20% 100 1,000 18% 800 11% 24.000 •12% 2,000 300 53% 100 16% 5 53% 101 V 54 ft 54 54% 25% " 53% 54 100ft 100% 101 25 25% 25% 25 ft 25% 25% 54% 101% 100ft 101 , 800 2,100 230 16% 16% 16% 3,600 5% 5 5 % 5% 5 % 5% 5% 133,000 xl03 16% Xl6 18 ft 16% 104% 103% 103% 103% 103% 103% 12,000 27 % 27% 27 ft 27% 27% 27 ft 27% 10,100 9% 9% 9ft 26% 28 ft 3 5 9 27 3 27% 30 30 3 3 9% "26% 30% "30 3 ,9 "29% 3% 3 9 27% 30 400 600 100 3 1,109 26 20,000 25% 25% 25% 25% 25% 25% V 25% 107% 107% "107 ft 107% 107% 107% 107% 107% 400 1.33% 5 "12% 12% 12% 12% 12% 12% 12% 600 "10% 11 11 10% 10% "10% 10% 200 15 40% 40% 40 ft 40% __100 16% 16% 15% 16% 1 "12% 13 % ?11% No par pfd 7% 10ft common Continental Insurance "31 % 31% ft 30% 20 30% 30% 30% 110% Xl09% 110% 110ft 109% Xl07% 108ft "108 ft "109 34% "99% 101 14% 15 94 94 33 oc 34% 33% 102 :>■ ■ "99 ft 35 101 15 16% 94 94 33% ... 33% "101% 102 No par Fibre 31 31% 30% 100 Diamond 31% 110% "101% 5 7% 7% "7 7% 10 63% 63% 63 63 % . 35 1.400 16% 600 12 "11% 12% 100 7% "7% 7% 300 10 ft 10% 10% 8,200 31% 1,600 30% 30% 30% 27,509 110% 110% 110% 109 103% 108ft 140 35 ft 35 ft 1,000 100% 100% 31ft „ 35 ft "99ft 101 31% 470 10 33% "161% 7, % 15% 15 15 1,700 95 15% "94 63 40% "15% 40% - 10% 40 ft 16% "7 ft- /'• 7% 10% No par ft 3 5 % 12 12 7% 10% No par preferred 40 " ' 7% 10% distributed" Continental Can Inc ■ 1 Aircraft _ ' 12% "10% 10c Inc preferred $3.75 14 ft 16 9% 9% Continental Baking Co com—No par $5.50 preferred No par Continental 14% 16 ft 9ft 104% $4.52 preferred! No par Container Corp of America com—20 4% 14ft "16'A .27% Stores Inc Retail Consumers Power Co com 4 xl4ft 9% 17% 9 11% 25 % 10 Consolidated Natural Gas 7 • May 30% Aug 2,400 14% 16 ft 90 No par preferred 46 ft Mar 36 1,900 17% 20% Corp com 21% Jan 111 700 19ft No par Consolidated Consolidated 14 ft 25 Publishing Inn Consol Edison of N Y $5 97ft 19% "96 No par preferred series 23 27 230 1,900 39% "14% 18 "57 39% 40 • "94% 12% No par 38 ft Jun lift Feb 29% July 26 1,500 14% 10 30 ft Commonwealth Edison Co 9 30 ft Apr :V 61% 19% 11 Coppermines 103ft Apr 156% 97«ft 9% 9ft Consolidated Jun 61% "1210 14% 18% 21 106ft May 156 61% 19% 17% South com—No par 14 13 200 14% 14 ft 30% 8 30 78 ft 19% "16 26% July 15 96 17% 20% 100 23 93 1 "9 26% 14 ft Jan 141ft 14 ft 10% "29 ft 11 1,600 2,300 "76% . 40 39% 96 . 9% '"9% : No par Inc 29ft July 9% 30% preferred Conde Nast 14ft 19 No par 108ft Aug > 1,900 24 "18% 97 ft No par 9 2,800 3% Engineering Superheater 151/4 May 33% 19 5 Co Commercial Credit common Dec 100 "96 Cigar -Sep 10 20 141ft 158% 61ft "1210 • 39 39 Consolidated 26 24 78 xl57% 62 "1225 Congoleum-Nairn Inc .♦ .78 158 ft "61% 62 3% 141ft "140 ft 78 158 153 No par Dec 35% 38% par par No par Elec Dec 98 ft 62 20 Co Ohio So Jun 10 158% "76 "1225 preferred—100 A—2.50 8% Sep par Ry com—100 10ft : 19 76% 4% Jan 14 6 76% No par Feb :* 1411/2 1 25 May Sep Mar "140 ft 8 30 4 141ft Feb 30 11 21 "140% Sep 24% Jun 30 251/s Feb 11% Mar 7 29% May 106 X24 ft 103% 26% May 13 54'/2 Sep 8 101ft Aug 12 17% Jan 24% System Inc No par common—No par Carbon & Combustion Feb July 24% ._100 $4.25 cum preferred w w Sep 62 24 ft Pictures 32 ft Jan Nov 24% 24% Class B—_——2.50 Columbia 211/2 Apr 90 x24 2nd 29 25 30 non-cum 13 2 ■' 11% 30 4% 1st preferred—100 18% Jun Oct 11% 30% 4 non-cum 48% Mar 3% lift 30 4% 14% 26% Jun 29% May 11% 30% "4 4% 16 Jun Feb 11% 30% (The) common_No par Columbia 18% 2ft 11% 30 % 4 16 Apr 104 lift preferred— conv 78ft — 4.200 106 11% 14% 5% 37% , 1,400 106 107 29% Internat Colorado & Southern Dec —• 110 25% 67ft Colo Fuel & Iron Corp com__No par Dec 49 28% — 42% 111% 25% 38 ft 4% Apr "106 108 41% "110% 25% "66 Columbia Broad Sys Inc cl 12% Aug 30 "106 108 •14% 23% Jan 12 "106 42% 111 "25ft :• "37 ft 4% 24% Jan 42 111 25% par 20 11% Jan 20% 7 42% 110% 25% 70 " 13 ft Jan 13 41% xll0% 25% "67 1 - Coca-Cola 24 Oct 41% 111ft 25 ft 300 70 '</'>' 67 Colonial Mills Ibc_—— Jun 41% 111ft 1,900 24% 170 38 ft 2 22% : 19% "120 "66 19% Feb 18% "67 "67 "23% 24% 170 ••37% Mar 22 Dec 70 f 18% 18 ft 24% 600 but! 67 ft 7 Feb "120 7% 86 28 ft 38 ft preferred A 18 ft 25 170 28 ft 66% 5 Feb CLOfc 18% "24 "120 "82% "37% Aug 15 70 28% 38ft 17% Jan 40% Aug 18 96 CLOSED "67 86 7,500 66% 8 25 EXCHANGE "82% x28% 1,000 55 "37% 17 5 EXCHANGE 7% 7% 86 17 ft 17 ft 170 •4"54% 28% 28% 24% "120 7% 8 "82% 55 % 25 ft "65% gtd stock—-1 Jan 89 12% 11 2nd cum STOCK "7% 7% 86 28% 25 ft No par 7% RR Co Climax Molybdenum July 25 Jan 16 22% Pitts & 100 50 50 ; Corp—No Colgate-Palmolive-Peet com—No $3.50 preferred iJum.—-No Collins & Aikman Corp No 29% Feb 25"% May 26% May 9% preferred— Special gtd 4% 24% STOCK No par 1 Graph Bronze Co com xl3% Feb Apr 16 164 13 $4.50 preferred-—-— Aug 10 Aug 19 5% Jan 12 Jan 1075 Jan Sep Nov 22 60 ft Jan Jun July 15 x87 % 108 xl24ft Jun Jan 63% 1332 26% Aug 25 3% July 11 36"% May - preferred 100 Illuminating com„No par non-cum Aug 15 62ft Jun 10% 5%. Cleve Elec 11 78 ft May 35% 3 16 42 Jan 105 47ft May 18% Mar Nov ft Jan 112ft Jun 16 Dec Dec 9 20% Jun Nov Dec Mar 16 39 4ft ; "17 5 20 Feb 109 69% 23% 85 Aug 10 7% 28% No par C CC&St Louis Ry Co com—100 36"% Mar H Dec 16 _ 70 Jun ,88 34 ft 105 ft , 8% Apr x54 25 ft ft 94 94 140 33% 33% 33 ft 102 "101% 6% 7 2,800 102 7 63% 63ft 63 ft 600 1,500 16 THE (992) COMMERCIAL NEW Range Blast Jan. 1 Highest 1048 Year # per share 5% Jun Jun 69% Jun 47% Feb 11 19% Apr 11% Jun 14 7 Sep 15% Jan Continental Oil Continental Steel 23% July 28 51% July ly July 66 55% May 13 Jun 20 4 15% 12 Oct NOT Jun ' 42% Mar 9% Nov 7 Oct 20 Not 97% July 94 Oct 98 Deo 66% Mar 18 88 86 66% 23% Not Mar 6 Feb 15 11% Jan 7 62 55 3 100 10 Jan Aug 29 101 % Sep 3 6 171% Jan Sep f9 26% July 19 Apr 26 Jan 6 57 17 19 % Jan 13 Jun 92% Jan July 177 ■ 49% Mar 67% July Fob 60 12% Feb 13 Jun 49% Jan 9 21% 60% Feb 13 9 189 Copperweld Oct Deo 6% Jan Deo 3% Feb 1% Jun 13 Feb 39% Jun 21 % Jun 98% Jun 96 13 27 3 11% Aug 26 Sep 8% 13 Deo Jun 8% Jan Jan Mar 24% Deo 23 Feb 7 27% Aug 1 17% Not 26% May 14 Jun 16 19% Jan 7 36% Deo 46% Mar 36% Jan 3 42% Apr 23% Deo 27% Sep 8 91% Feb 95 Dec 20% Deo 34% Jun 17 90 May 24 15% Jun 14 78% Jun 55*/4 Jun 34 Deo Jan 21 17% Aug Feb 12% "*■ » 28% 65% Deo 26 20 Jun 103% July 129 Jun 94 % Mar 30 15% Deo 24% 16 Feb Feb 150 Aug 47% Dec 61 May 4% Feb 12% July 18% Sep 28% Feb 137 Jan 133 July x31% May 21% Mar 109 % Jan 18% Jun 14 94% Jun Deo 20% Jan Jan 14% Deo 17% 18 % Feb 28% July 24*% Feb 31% Aug Nov May 6 8% Mar 29 73 133 Mar 14 7 19% Sep Jun 87 Jan 11% July 15 13 4 RR 7% 24% Jan 4 7 Jan 21 26% Jan 7 137 15% Mar 18 Aug 18 Jan 24 May 12 Chemical Dayton Pwr & Light 22% 100 15% 3,300 21 21% 21% 21% 21% •21% 6% 6% 6% 49% 49% *49% t 7% 7% 6% 7% *19% 100 *130% *125 125 *126 50 Jun 13 403/4 Jan 51/2 Jun 13 9% Jan 7 Delaware Jun 20 21% Sep 8 Delaware Power & Co 19% 19% 20% 135 ♦130% 400 135 20% 20% 20% 1,900 10% 1,600 10% 10% *10% 10% *94 % 95 95 *94% 95 *941/4 95 *113/4 1*% 113/4 11% ♦11% 12% *113/4 12% 20 *16% 17% *16% 17% *16% 17% 16% 16% 100 1 21Va 21% x20% 20% 20% 20% 20% 20% 1,100 7 common 28% 283/4 28% 283/4 28% 28% 28% 28 3i 4,700 1 23% No par 363A 20 *35% Delaware & Hudson 100 Western & Light 12,400 1 common & 900 7% IOO preferred Lack 90 49% 7% 3.50 Deep Rock Oil Corp__ 7% 3,400 127 48% 20% 10% 10% *94'A 7% Deere 300 6% 6% *126 7% *1303/4 20% 7% 8 21 22 49% *1934 135 19% 1,800 7% 19% *130% 6% 127 7% 49% 7% 19% 20% 135 20% 20 6% 127 2Va 5 19 400 21 7 Aug 26 mmm 200 ; 12% BOo Aug Jun 68% 12% 124% Inc Jan July 7% *65% 12 % 8I/4 38 13 Va mm 7% 67% 123/s 8% 29 60 Va 7% *65% 12% 8 Decca Feb 7% 65% 12% 98 7 Jan 7% 65% 12% 98 y2 9% Jan 7% 7% 69% 8 x36 180 *160 7% *97 13 153/4 15% 180 12% *98 4% May 31 38% *160 1,200 *65% IOO Jan 34% May 15% 180 BOo 133/4 Feb 15% *160 100 8% Sep 12 15% 15% 180 800 > 10 Dayton Rubber Co 29% 15% *160 series A 8 14 10 100 series B 10% Jan Mar 29 100 95 22% 22% 3.75% 99 30 Records 2,200 .60 22 % *22% 3,75% 11 7'/2 Jun //■Sepz/T/ 100 26% 100% 22% ■ Preferred 02 92% Jan Jun 95 94 Preferred Jun 31 98 94 95 X26% 22% (The). Corp Jan 17 *95 • 40 *22 % Dana Jun 30 Va Jun *100 •100 . *39 % 1,100 17 No par 98% Aug 18 96 14 15% Jan 27% S, 100 r 94 Jun 27 100 v 3,400 60 pfd 31 46% 26% 100% 26 26% 102 400 14% 17; 100 Inc Davison 42 39% 26% 14% 59% A Cushman's Sons Inc 7% 2 Deo 39% 26% 15 16% , 2 Deo 407/a *39 41 *40 27 59% common 17% May 31% 14% No par No par 213/a Sep 27 *26% 14% 163/4 common 4 Jan 26% 14% 11% • 94 8% 26% 14% 2,800 100 *11% 100 Sep 84 26% 14% 11% 59 pfd $7 preferred Prior preferred Class *99% *26 % LABOR DAY 27% 2734 28 '/„ 103 11% 16% Inc Cutler-Hammer *99 11% 900 58% preferred Curtiss-Wright 27% 103 xll% Cunningham Drug Stores Inc 2JJo Curtis Publishing com No par Aug 18 28% *99 11% 400 13/4 1% 40 4 *3% 13/4 16% 8 9% Apr 3% 1% 58% 23 % Aug 50% 3% 1% 5,300 63 59 Cuneo 7 4 ~io 101% 190 *188 16% 1 19 189 101 *100 16% 27 Jan 623/8 189 200 2,900 58% Jan 7% Jan 101% 63% 11% *92 . Cudahy Paciclng Co 101% 62% 189 x27% 28% 104 101 *100 63 189 189 *100 101% 100 8% 25% 100 non-cum Nov 82% 27% *99 26% 13% Feb 129 101 ' 62% 63% *8% No par 3 26y»Jan STOCK No par com 8 X16% Mar *100 *99% Corp common 33/4% pfd series A„„—. Davega Stores Corp common 5% conv preferred 5 Jan 13 •100 1 com preferred Press 25% 101 No par Corp preferred 4%% 54%;/55 25 1 % No pa* 6% 8% 54% 24% *3% 9 preferred cony *8% 54% 1% 2.5* $4 2nd preferred 5% 8% 24% 101% CLOSED 1,000 51 54% 3% EXCHANGE 200 10% 14 14 *49% 24% 1% STOCK 10% 10% 14% 51 8 % *100 CLOSED 14 54% *100 EXCHANGE •10% *49% 54% 24% 8% 3% 1 10% 200 2,400 22 *53 % 54% 9,200 12% 54% *8 .21 Crucible steel of Amer 72% Jan 24 3 7 9 Oct 13 y« 24 14 Jun 43% Jun 28 ,)/■,' 86 Feb 28 4% Feb 13% July 7 122% May 14% 51 1 Cuban-American Sugar common 88 Jan $4.20 "53% *14 100 Zellerbach Crown 21% *49% 1 preferred 22 51 187% America. of 4,600 63 62 21% 10% —100 common. 5% 5% / *12% 14% 54% 62% 13 14% for Shares *12% 10% 24% 5% galea the Week 1 Sept. 9 54% 62% preferred. 5% Friday , t per share 21% 21 Refining com Aug 18 160 •10% Thursday Sept. 8 I per share 61% 13 *49 % l 16 17% May July 7 *53 5% 62% • 160 Dec 13% May 82 4 Jan 54% *53 5% 61 *12% M 12% Feb 24 Deo Deo Jan 21 common Cuba 11% 7% 96 21% No par Co Cream of Wheat Corp (The) Crown Cork & Seal com Aug 31 24 21% No par Apr 21 7 67% Jun 177 Apr 101 12% 5 31 July 6 5% Jun 27 60 Jun 13 10% Jun 14 155 v Co 3%% Creameries 13 x2l 61% com preferred Crane 32% Jan 5% 61% Coty Inc Coty International Corp 2% Jan t per thare 12% Exchange Bank & Tr Co—BO Corning Glass Works common B 3%% preferred 160 Cum pfd 3%% ser of 1947 100 Products Sept. 7 I per thare Corn 100% Aug 18 29 4% May •>*', Mar 25 Steel Wednesday .14 Convertible pref 5% seriea Cornell Dubilier Electric Corp 7% 1% $ per thare PRICES Sept. 6 Delaware. Corp Corp $3 prior preferred Copper Range Co Sep 3% Tuesday Sept. Si 5% of Cooper-Bessemer Corn 64% May 164% 02% LOW AND UOl BALK Monday Sept. 3 • Continental Motors 9 3 63 Monday, September 12, 1949 RECORD Saturday STOCK thare 19% Jun 28 X49% Mar STOCK 9 per there YORK EXCHANGE 8% Jan 14 10% Feb Mar 14 f per I per thare Feb 6 46% NEW Lowest Highest f per thare CHRONICLE. STOCK8 £aag* for PrerUtf UwHt YORK FINANCIAL & 28% *97 10% 100 98 X24 973/4 98 *98 98% 99 98% *98% 99% *98 99% 50 81/4 8 Va 81/4 8% 1,200 7i/8 71/4 7% | 71% 900 *23% 200 24 >/4 23% 2334 500 37 371/4 37% 37% 373/4 371/4 37% 4,000 35% 35% 36 36 36 36 36 1,000 29 29 29% 29 29 29 29 1,000 24»/4 24 BO 6V2 6% 6% 63/4 *65/8 6% Co—13.60 203% 20% 20% 21% 211/4 21% 22% *6% 63/4 400 21% *21 800 Denver & Rio Grande West RR 39% July 19 Jun 13 27% Jan 7 32y4Mar 58 343/4 Jun 14 50 % Jan 24 20 Apr 21% May 20 Jan 3 22'% Sep 9 56 Dec 60% 50 Jun 7 58 Dec 137/s May 263/4 Oct 14% Feb 8% 22% Mar July Jan 43/4 Jun 29 15 Jun 14 Jan 10 Escrow ctfs for Escrow ctfs for com Detroit Hillsdale & S W RR Co_100 7 Detroit-Michigan Stove Co 24% Mar 2 Detroit Dec 16% Jan 11 Va Jun 20 13 Mar 20 Dec 28% Jun 16% Jun 13 22 Jan 46 Jun 32% Jun 22 40 26 De Corp Vilbiss Co Devoe & Jan 7 38 Feb 46% July 39% July 1 45%. Feb 1 11 Deo 19% May 9 % Jun 14 12 «/8 Apr 5 C'AJun 13 73/4 Aug 24 Diana Stores 127/b Jun 13 16% Aug 18 Distill mmm 13 xl9% May Mar 6% •'•iLaweat Highest V, | per thare .v- S ver share Lowest 9% Feb I per 17 v< .fan- 3 13% Deo 20% 00$ Nov 41 Jun 24% Feb 14 30 Jan 18 46% Deo 56 Apr 45% Jun 13 53, Apr 26 10 Dec 23 Jan 10 Jun 12 29 Feb 40 Jun 25 24 41% 1,100 223/8 22% 5,600 *18 / ' u V *50 55 55 6 6 1,200 *18 183/4 18% 18% 6 183ft 100 123/4 12 3/4 12% 12% *12% 12% 12 «/4 12% 1,500 *17% 18% 18 18 *181/4 18% 18% 131/2 500 200 37 36% 42 *411/4 10% 103/4 BOo 7% 7% 7% 15% 16 y8 15% *36% Z LOW AND HIGH BALK Saturday Monday ' Sept. 5 Sept. 3 Dlvco Corp —JS- 6% *18 *41 % Par 2,600 55 18% *103/4 EXCHANGE I* 23% *50 55 6% 2 STOCK *50 6 25 YORK 23% 23% 6 Va No par Car Co_ share 25 4iy2 223/8 common Corp NEW Highest / a I per share 41% 22 3/a 6y* STOCKS Range Since Jan. 1 411/4 223/8 preferred™ Match partlc Diamond T Motor Kange for Previous year 1948 23% 41% 22>/a * 12X0 Corp-Seagrams Ltd-,,. mm*''- Diamond *- f B Raynolds class A 23% 41 ' 1 Steel 23 41 22 3/a *50 ,.i I 19 Vt 35% Mar > 20 23 41 22% 100 9% Jan 11 :,.f 100 r pfd Detroit Edison f per thare Tuesday I -I 11% '-,5, • peftharej 11% 43 10% 10% 700 7% 7% 7% 1,500 161/4 16 y8 16 1/8 6,900 300 PRICES Thursday Friday ;•/Sept. 9 n. Sept. 8 Sept. 7 f perthare t per share • 371/4 *42% 10 34 16i/a 16 'A *361/2 413/4 7% 7% 371/4 41% 11 Wednesday Sept. 6 f per share *36% XIO1/2 37 41% share *11% pi'i% *11%'/>12 Sales , 'i'tfoer *11% 12 Dixie Cup Co common™ Class A No par *28 29 *28 29 28% 28% *28% No par *49% 50% *49% 50% *49% 50% *49% Dr. No par *10% 11% *10% ,11% *103/4 11% 10% 10% Doehler-Jarvis 30 Shares ' ' 50 3/4 143/8 Mar 29 for the Week ' Pepper Co , 29% 200 100 100 1 33 30 1,500 19 Feb 29% 293/4 11% Nov 12% Jan 3 No par 17 17% 17% 17% 17% 17% 17% 17% Nov 8,600 67% Apr 48% Feb 7 17% Apr 20 63% Mar 31 Dome Mines Ltd 47 Douglas Aircraft No par 60% 60 % *59% 601/4 60% 60% *60% GO % 700 32% Feb 50% Oct 50% Jan 21 Dow 48% 07 Feb 6,000 106% Jun 101% Apr 22 106 Oct 101 29 108% Jan 21 $3.25 17% July 28 24 % May 4 86 % Jan 21 Dresser 19% July 26 Jan 5 Dunhill 00 Feb xi8% A;- 106% 43 July Apr 29 Apr NOT 31% 83 Jan 98 July 80 12 Deo 20 May 11% Mar 12% Deo 18 May 8% Jun Jun Apr 27 8 13 Jan 24 July 13 13 Corp Chemical Co 2nd 113% Jan 124% Jun .94 Feb 99% Jun 111% Aug 10% Deo 18 Deo 14 Feb 28 97% Jan 3 119 Jun 15% 112 " Jun 20 Jan 116 9% Jun 13 25% May 15% Jun 14 18% Oct 20% May 13 14 13 Deo 19% Nov 12% Deo 223/« Jan 88% Feb 167 Sep 46% May 175 Jun Jun 7% July 11 7% Jun 14 38% Jun 164 Jan 13 5 53 International Duplan 12% Jan 10 No par 7 47% Mar 20 185 Deo 213/8 Jun 7 14% Apr 13 82 Mar 19% May 92% Jun 88 Jan 12 94 Jan 10% Feb 4 14 Apr Jan 95 July 25 101 Jun 6 6% Jan 89% Nov 8% 66 Jun Jun 1 Feb 16% Oct 33% Apr 29 123/4 Feb 25 82% Feb 37% Jun 323/4 Mar 18 1% Nov 2% May 66% Jan 11 48% Deo 12% Deo 19% Nov 17 Jan iy8Jun 13 18 Jan May 73/4 Apr 7 10 5 Eaton 153/4 Apr 14 Elliott 593/4 Aug 26 Deo 49 12% Feb 2~0~% 42% Jan 9% Mar 14 47 Feb 23% Aug 2 29 May 16 8% Jun 14 12% Jun 17 July 16% Dec 13% Jan 16% Mar 31 12% Jan 16% Aug 14% Jan 6 29% Deo 34 Jan x29% Jun 16 97 Feb 104 Jun 100% Jan 24 Nov 4% Jun 6 5% Aug 17 9% Jun 13 14% Jan 21 4% 9% Jan Feb 6% Feb 16% July 65% July 69 Sep 68% 4 Deo 60% 9% Dec 7% Mar 9 Apr 48% Jun 55 Jan 25 3% Dec 7% Mar 3 Jun 15 24. 113% 113% 80 *10% 10% *10 J/4 10% 300 19 191/4 18% 19% 14% 14% 14% 14% 8% *8% 9 9% •9% 9% 18% 19% 2,600 14% 143/a 14% 14% 5,500 *8% 8% *8% 8% 9% 9% *9% 9% 200 42% 6,000 42% 42% 423/a 43% 182% 182% 183% 183% 26 26 % 26 26% 25% 26% 1 15 3/4 153/4 15% 15% 16% 16% *92% •92% 93% 11 *96 94 *92% 94 11% 11 11 11 97 97 97 6% 38% 387/a 14% 6% 39 14% 14% *35 *35 35% 40 *11 39 39 14% 14% 35% 6% 6% *1% 1% 1% 40 40% , : *12% 113/4 185 20 251/4 25% 2,000 161/4 16% 1,400 '92% ' 97 *6% *35 42% *183 11 97 11% 93% 10% *96 10% 97% 900 120 6% 6% 6% 500 39'/4 39'/4 39% 2,100 14% 1.400 14% 143/a 36 '35 1% 1% 41 40 *11% 12% 36 1% 700 40% 2,000 12 200 21% 21% 213/4 21% 22 21% 21% *563/4 59% *57% 60 *58% 60 *57% 58% 45% 451/4 *45 47 *45 47 *45 45!/4 100 25% 25 % 24% 25% 243/4 24% 24% 24% 1,500 4 9% 93/4 9% 9% *9% 9% 9% 900 14% 4,100 21% B 10 14% 143/4 93% 15 16% 16 16 15% 15% 16 16 2b 100 *31% 32 32 32 31% 31% 32 32 *102 V2 104 *103 104 *103% 104 104 1 5 3/4 5% No par 10% 10% 10 % 100 SO *50% 51 % *50% 51% *50% 51 50% *57% 60 *57% 60 *57% 60 *57 Va common common B 10% Jan 7 EvanR B Products 113% 3 Bldg Pittsburgh Ex-Cell-0 400 113% 423/4 Eureka Williams Corp Eversharp 300 102% 182% 6 9% Aug 12 122% 102% 42% 31 46% Aug 18 5% Apr 6 Jan 122 BO 60 preferred series A & 51% 51% *180 % Jan 4 36 page 5% Erie 29,600 51% 51% 123 18% 4% Jan 13 49% May see 61% Jan 24 68 51% 300 10 Endicott Johnson Corp 4% preferred RR 6,700 102% 40% & Phonograph Empire District Electric Co Erie 11% *122 11 % Mfg Co Equitable Office 18 11% *102 39% Emerson Radio 28 Deo footnotes 13 18 113/4 122a/4 IB Gas Electric 50% No par preferred Natural 18 31% *79 102% 102% *113 '113% xl0% 10% 1% preference Paso Emerson 6 % Jun Jan 84% For Jan El 18 11% *122 13/8 common conv 63/4 Jun 20% May 11% 1 July 12 3% Feb 173/a May 26 333/e Mar 25 104 5% 28 7 Co 5%% 50% 123 18% S Electric Storage Battery 223/a Aug 18 *122 *102% 102% 10% No pa* 10 13 50 3/8 DAY B Elgin National Watch Co Jun LABOR • 1 Convertible preferred 13% Mar 24 15 Oct Nut Co Auto-Lite (The) Stop 51 173/8 Jun 83 19 11% IOO 7 48 *18 11% 100 2 Jun 18 2.BO common 10% Jun jun 1,500 18 *10% Elec & Mus Ind Amer shares 74% 300 18 % If 12 27% 106% 18% 18% 83 100 S common ■34% Jun Jan *105% 18% *79 •9% Electric Boat common Aug 19 2% Jan 106% 11% 113% Corp. preferred Electric *105% 18% *8% preferred 7 107 % 83 113% 1 Inc Products Co 4%% *107 *79 IB Co Airlines 4%% Ekco Jan 36 CLOSED 107% 84 _B Edison Bros Stores Inc common Elastic 43 EXCHANGE CLOSED 18% *107- 105 105 18% 100 preferred Manufacturing Co 1 41% . 6 % 2 Deo X69 1st pfd Eastman Kodak Co Aug 12 16% 106 32% Jan EXCHANGE , July 20 105 47% 47% 107 % *79 No par Eagle-Plcher 33% Deo No par series Eastern Corp common Eastern Stainless Steel Deo Deo series $3.50 Eastern 14 10% $4.50 Preferred 16% Mar 29 13% Jan STOCK 47% 47 30 & Co— Preferred Duquesne Light 5% D W Q Cigar Corp 46% *106% 18% STOCK 8 20% Mar 30 80% Dec 92 (E I) 133/4 Jan 7 1 Corp Common Aug 18 123% July 5 102 3/a Aug 26 115% Jan 12 100 46% 107% *103% No par common—BOo preferred conv 45% X29% 30 *106 No par A preferred Industries 3%% 29% 18 common $4 preferred series Du Pont de Nem 43% jun B RR Co Co Inc Corp Exchange Bufftc Corp I J JM 16% 4 14 % 4 7% " 7% 14% . ■ >' V 53/4 4 14% 10 10%. *4 4 *7% 7% 9 83/4 8% vc .45 44% *3% 4 *3% 8% 44 53/4 53/4 44% 4 • *7% 83/4 X44 *33% 14% 104 5% 53/4 10 3/a 10 *4 4% *7% 7% 4 10 50% 500 400 10 2,400 4,500 100 60 4% 300 . 7% 400 8 3% 83% cr% 534 1,700 8% 1,700 45 1A 45% 1.100 *3% 4 Volume Number 4837 170 THE COMMERCIAL NEW Kuft for Previous Range Since Jan. 1 54% Jun Nov 33 y4 Oct 28% Nov Nov 34 Jun 19 Feb 28 13 23% Feb 15 12% Aug 20 1 5 Nov 11% Jun 11 Feb 16 Oct 11% Mar 43 Jun 32 35 % Feb % Jun 8 3% Jun 14 Feb 31% May 24% Feb 9 17 95% Mar 23 Jun 19% Dec 24% Sep 12% Sep 8 17% Dec 26% Jun 12% Jun 14 53% 42 Dec 103% Nov Feb 7 Fairbanks Morse 3 Palstaff 14"% Aug 10 7% Jan July 21 18 6% Jan 20% Jan Oct 43 Jun 105 49% Mar 14% Feb 59% July 20% Aug 53 28% 42% Jun 7 May 98% Jan 7 103 18% May 25 13% Jan 3 28 96 Dec 26 *104 Dec 13 Dec 12% Dec 21% 40% 79 Dec 105 82% Nov 24% Dec 22 31% Jan 7 10 Jan 6 16% May 19 14 % Sep 7 18 26 3%% 47% Food 12% Aug 17 8 Jun 13 10 % May 13 Franklin Stores Oct x38 Feb 26 53 Aug 11 84 69 Aug 78% Feb 14% 14 % 14% 14% 14% Xl4 % 14 % 2,200 % % tt % % 4,400 14% 36% *17 14% - V ■ 14% 14% 14% 14% 14% 36% 17% 36% *35% 36% ♦35% 361/4 17% 17% 17% 17% 17% *17 3% 3% 4 3% 4 4 4 1,800 ; 100 500 4 1,000 29 % 29 29% 100% *100 100% 13% 13% 13 13% 12% 12% 12% 12% 1,800 15% 15% 14% 15% ♦14% 15% 15% 15% 700 29 lo com *67% 66% 68 29% 29% *100 67% 29% 67% 2,900 130 1,100 68 68 67% 29% 100 100 1001% 25 45% 45% 45% 45% ioo 106 % 106% 106% 106% 106 1061% 65 65% 65 % 65% 66 66% *66% 66% 11% 11% *11% 11% 11% 11% 11% 11% 26 26 STOCK STOCK • XCHANG1 EXCHANGE CLOSED CLOSED 24% *22 % 15% 15% *14% 14% 9% 9% 7'. 13 13% • 26% 26% DAYV^MJ:;1 10 ♦102 23% 15% 9% 13% 700 45% 60 106 '.<25% 2,900 25% 22% 16 15% 15% 14% 9% 13'% 27 100 22% 9% 14% 10 • 23% 14% ■ 500 <: . 103 ♦102 700 ' 15% | : 9% 451/8 106 103 *22% 14% 14% ' 45% 25% ;25% 103 *24% LABOR 45% 25% 25% *102 102% 102%' 15% No par V: *14% » 2,200 200 15 9% 3,800 13% 13% 8,200 26% 14 9% 26% 5,200 26% 26% *84 65 *84 85 85 85 *85 86 91 91 91 91 *91 92 92 92 Corp 90 24% 25 24% 24% 24% 25% 25 25 1,500 24 23% 23% *24 common prior preferred Francisco Sugar Co 10 23% ioar No •' P J Corp.:.":::., : 12 *23 % 12 10 8% 8% 49% Maftlng~Ccfinc_l 50 % 49% 14% 16% 16% 17 69 IIII60 14% 16% common 14% 69% 69% 69% 2,100 9% 8% 8% 600 51 % 1,400 15 151/4 500 17 17 *69 70 51 14 y4 15 16% 16% •69 160 51% 8% 50% * 30 24% 9% 10 8% 8% 50 14% A?'"' 9% 10% *8% ~~io preferred 26% ' "25 Froedtert Grain ft Fruehauf Trailer Co 4% 14% *35% il % 100% 6 % 2 %•:.,: 600 j Freeport Sulphur Co_ 68% 900 14% 100 26 6 Aug 17 37% IIIZlOO Feb 4 24 37% 5 conv pfd preferred 9 16% Jun 24 37% g Machinery ft Chem Corp 26% Mar 17 17% Mar 36% 24 37% 1 25% Feb 16% May 27 20% Jan 12 36% *23% 37% ' 17 19 36% 23% 37% in 19% Feb 11 11% Jan 600 36% 23% 37% No par 21% Jun 12% May 24% Jan 36% 36 23% 100 Corp 8 Foster-Wheeler Shares 36 i Food Fair Stores Inc 3 the Week 37% 714. 7 Jan fer Bales Sept. 9 8 per share 1 Power Corp 3%% 95 July 18 Friday Sept. 8 1 per share f per share 1 com Plorshelm Shoe class A 90% Jan May 89 Sept. 7 t per share 23% par 2 78 Dec Thursday Wednesday 36 Firth (The) Carpet Co No par Flintkote Co (The) common__No par $4 preferred No par Florence Stove Co No Puliansbee Steel 9 per share g First National Stores 29 Juu f per share No par Firestone Tire ft Rubber 4% % preferred 14% Sep 29% Jan 24 '/b PRICE# Sept. 6 1 4%% preferred Felt ft Tarrant Mfg Co Ferro Enamel Corp Fidelity Phoenix Fire Ins N Y 24 Tuesday Sept. 5 Co™__2 Federal Motor Truck Federated Dept Stores Florida Monday 20 May 10 Dec Aug 26 17 RECORD No par Federal Mining & Smelting Federal-Mogul Corp 20% Apr 16% May Feb May 26 2 3 Co Brewing Corp Family Finance Corp common FAR Liquidating Corp Fedders-Qulgan Corp 9% Sep 8% Feb 38% May 25% Jan 9% Dec 8% Aug 35% Feb 3 Jun 92% Mar Jan 8 12 12% May 47% Jun Dec 50 % Mar 31 107% Mar 17 66% Sep 17% Jan Jan 27 Aug 18 6 May 16 July 11% July 13 Jan Dec 9% Mar 70 8 21% Jun 36% May 15% Jun 22% 5 17% Jan Jun Nov 10 July 14 100% Sep 2 69% 63% July 13 20 Aug 17 30 53 107% 7 ft (993; LOW AND HIGH BALE Fajardo Sugar Co 5 38% Jan 20% May 12% May 14% Jun Dec 99% 41 % Jan 6 Jun I Mar Feb STOCK Sept. 3 Par 25% May 39% Aug 15 5 90 CHRONICLE Saturday STOCK EXCHANGE S per share 9 16 20% NEW YORK Highest I per share t per share Apr 37 *19% Lowest Highest I per share FINANCIAL STOCKS Year 194 X Lowest YORK & 70 2,500 7 110 G 6% 6% Dec Dec 10% May 10 y4 May 16% Dec 20 Dec 12 9 4% Jun 15 4% Jun 14 7% Apr 7% Jan 10 Jan 14% Jun 30 17% Jan 8 Aug 6% Jun 1 9"% Jan 38% Dec 12% Feb 48"% Aug 17% July 16% Nov 23% Jun ~5% Dec 11% Jun 15 41% Jan 13 Feb 25 17% Aug 18 15 19 12 Feb 105% 100% Jan 8% Feb 9% Mar 14 Apr 26 13% Aug 31 6% Feb 3 13 32% Feb 4 23% Jan 7 14 13% Jan 3 103% Jan Jun 25 42 Feb 99 May 159% 13 15% Jun 11% July Apr 15 3% Jun 53% May 106 Jun 21% Jun 9% May May 26% May 18 y4 May Dec 146 34 45 Dec 99% Mar 42 10 10% Jun 27% Dec 16% 4 July 153 Jun 17 46% Aug 106 2 Jan 11 14 10% Jan 24 July 15 163% Jan 19 9% Jun Dec 15 17% Aug 18 107 6 72 y4 14% May 9% Feb 24 11% Mar 31 Nov 9 15 July 6 13 10 Sep 82 Jun Jun 28 Vb Nov 44% July 65% Apr 25 24% Jun 14 18 Dec 24 17 *125 NOV Jan Jun 28 144 Jan 129 Jun 17 31% Mar 43 May 34 Jun 28 34 Mar 41 Jun 39% Jan 3 87% Nov 96 Jun 93% Jan 4 13% Dec X6% Jun 14 44% Jun 15 9 Mar 40% Feb 118% Feb 128% Jun Feb 108 Jun 97 53 Oct 123% Jan 97 Apr Jan 7 79% Jan 20 31 Jan 7 20 Apr 1 139% Apr 40 2 Jan 6 45% Aug 19 100 % Sep 6 13% Jan 11 52% Jan 13 4 128% Jun 7 4 107% Jan 13 Gabriel Co (The) Gair Co Inc (Robert) ' 8% Gamble-Skogmo Inc 6% (The) Gardner-Denver Co Gar • per share .50% Mar i per share ■$ per share Nov 51% Jun 14 63% Aug 8 Jun 123% Jan 5 126% Sep 2 93% Feb 12% Mar 99% Jun x97 6 103 2 17% Jun 13 16% Feb 26 Nov 22% Jun 12% Nov 18% May 4% May 66 2% Feb 10% Dec 15% 18% Dec 29 120 Sep Jan Feb 25 17 .11% July 19 2% Jun 28 11% Jan 3 May 128% Jun 15% Jun 14 Jan 120 Sep - -16% Mar 3% Jan 8 8 7 15 Aug 18 20% Jan t Jan ft 4% Feb 10 6% Sep 8 22 24% Jan 7 24% Nov 31% Jan 24 28% Aug 8 110% Feb 132% Oct 22% Dec 21% Dec Apr / 99% July 18 29% May 30% May 102% 18% Dec Jan 99% Apr 4 15% Jun 21% Jan 5 77% Apr 11 70 Jun 73 9 5% Jun 15 27% Feb Dec 39% May 96% Jun 24 87 79% Jun 1 17 Dec 25 12% Jun 14 May 75 Dec 85% 19% Nov 28 48% Feb 55% July 4 Mar 113 Mar 14% Dec 47% Mar 94% Mar 38 % Mar 96% Mar Jun 6% Jun 14 72% July 11 21% Jun 17 Ma~y 17% Jun 48 July 5% Jan x95% Jun 13 14% Jun 29 Oct 52% Jun 100 Jun 3 34 Jun 14 98% Jun 20 23% Jun 10 10 2% Dec 5% Jan 5% Feb 8% Apr 1% May 12 5% Feb 19 18 Oct 16% Jan Feb 35 Oct 16% Jun 23 Nov 31 May 89 Nov 99 Jun Mar 29 4 14 5 93 % Apr 26 14% Sep 11 Jun 14 40 32 Jan 6 July Dec xl2 20% Mar 15% May Feb 50% May 100% 5 31 8 Jan 12 17% Jan 7 Mar 24 Aug 45% Jan 9 26 105% Aug 30 16% Mar 5 3% Jan 7 8% Apr 23 22% Sep 28% Jan 8 7 25 May 31 99% Sep 9 9 16% Apr 3« Apr 11 13 13% Sep 2 13 43% Jan 7 3 18% Jan 10 8 144% Mar 16 Dec 23% Jun 16% Jan Feb 145% Jun 133% July 60 Apr 77 Jan 66 29% Feb 40% Jun 33% Mar 19 13% Dec 17% May 10 Feb 13% May 90% Dec 98 Jun 16% Nov 25% July Jun 9 52% 51% 128 105% 101% 7% 7% 50% 51% 50% 3,000 350 100 7% ' 52 Xl27% *9J *98% 127 127% 106 51 ■ :• ■ ■' 1,300 127 127 50 *100 106 200 127% ♦100 106 2,900 7% - i per there 9 Sept. 7.,. Sept. 6 pershare I per sh&re f per share Ihdrie t perHhare 24,000 62% 62% 62% 62% 127 % 126% 126 7/b 102% 102% 102% 102% 16% 16% 16% 16% *16% 16% 16% 16% 700 28% 28% 28% 28% x28% 29 28% 28% 900 13% 14 14% 14% 14 14 1 13% par ♦122% 123% *121 4,000 > 15 ' 14% 14% 17 17% 16% 1,000 ,! /; 3% 14% 17 20,700 16% *121 123% , 300 : 123% 6% 6% 1,300 123'% *121 6 6% 6,600 *23 6 % 23% 400 22% 22% 23 23 27% 28 27% 27% 106% 106% 106 % 106% 107% 110 26% 26% 26% 26% 26% 26% 1,600 *20% 21% 21 21 20% 21 1,200 *99 103 6 *27% 27% 106% 106% No par com 6 ; No par 20 100 5 com 26% EXCHANGE CLOSED 21 *99 102 STOCK EXCHANGE 26% 21 STOCK CLOSED '&■ fe 72 17 -t •65 68 v, 17 17% 73 •71% 68. *65 ♦65 6% 6% *6% DAY 28% 29 28% Nopar *82% 85 *82% 9 14% Nopar *25% 19% preferred Goebel Brewing Co Gold ft Stock Telegraph Co 50 conv 8% 1 *100 10 No par com 15% *61% , 1,100 ,;29 % 29 6% 3,800 *83% 85 15 14% 15 *73% 75 *74% 75 25% *51% 52% 8% 8% ♦100 102 9 102 15% *15% 15% 62% / 61% 61% . *74% 75 , 25% 25% 19% 20 20 52% ,*51% 800 25% 19% *51% 19% 52% 75 25% 25% 19% ,9 V 9 15% *103 Nopar 38% par *103 104 15% 62 62% ,4,500 , 400 15% 1,000 Vn► 62% 39 39% 104 39% *103 104 *103 393/4 39% „ 39%. 104 , 397/a 1 1 ' 3,000 300 No par Gotham Hosiery 105 *105% 105% No par preferred ♦10% 11% *10% 11% *103/4 11% 11% 11% 100 1% 1% 1% 1% 1% 1% 9,100 7% 7 105 105 Graham-Paige Motors 1 1% 1% Granby Con sol M S & P 5 7% 7% 10 22% 22% Co (The) V *7 22% 105 223/g 22% 105 V 102%," *100 153/8 62% Z 9% v 102 *100 1,900 52% ■ Goodyear Tire ft Rub com—No " ' 4,100 " 25% , 30 «68 6% 29% 1,000 73 85 15 50 100% 18 *65 7 *82% 15% 18 *71'/a 68.v • 29 % 28% 85 100 % 17% 400 28 28 73 67/e 6% 20 ♦51% 100 Inc 14% 14% *73% 2.50 No par 102 *99 *71% 16% 16% 72 LABOR •106 No par com (B F) $5 preferred *3 3 14% 14% .100 v 23% Corp Goodrich Co 127 5% 1 preferred Goodall-Sanford 3 3 *126 23% common (The) *2% 14 ■> 62% for the Week Sept. 9 Sept. 8 t per share ■alee Friday Thursday Wednesday Tuesday Sept. 5 102% 105 / 22% *7 7 : 22% ■ 22% ; 200 22% 24% 22% 2,000 22 ' 22% 23% 7 % 22% 400 1,700 No par *22 22% 5 ♦23 24 24% 24% 100 City Steel 98 98% *98 99% *98 99% 99% 99% 70 15% 15% *15% 15% *15% 153/8 *15% 15% 100 33% *33% 34 *33% 34 *33% 34 100 Co common preferred Grayson-Robinson Stores com 1 33% pfd No par Gt Northern Iron Ore Prop__No par Gt Northern Ry 6% pfd No par conv 12 93% Jan 4 100 15% Jun 15 5 Feb 24 92 Jan 4 99 9% Jun 13 14 *12% 37% com—No par 17% 100 ♦135% 600 12% 13 13 13 13 13 37% 37% 37% 37% 38% 3,300 17% 2,500 xl7% 17% *133% 137 *65 68 39 39% 12% 12% 39% *12% 17% 136 69 17% 17% 1353/4 17% 1353/4 136 *65 *65 69 120 136 69 1,200 39% 39% 393/8 39% 39% 13% 123/fl 12% *12% 13% 400 11% 10% 11% 11% 21,200 — Common 11 Vb 3 100 preferred Grumman Aircraft Corp Guantanamo Sugar common *99% 1 17% 1 *5% 20% Jun Jan 7 Feb Gulf Mobile ft Ohio RR com_No par 44 58% Jun 41 Jun 14 50 Jan 8 57% Feb 81 Jun 56% Jun 13 71% Jan 7 14 Jan $5 preferred Gulf OH Corp 18% July 16% Jan 3 preferred Gulf States utilities Co 23 37% *65 Greenfield Tap ft Die Corp__No par (The) 23 13 1 Co Inc *22% 37% 100 Nov 7 10c 4 24 100% 61% 12% page 16,100 102% 97 see i'j: 70 37% 45% ♦126% Feb footnotes 156% 61% 85 For 100% 7% /» No par 10% Jan 16 100% 300 " *17 11% Jun 22 Apr 37% 45% 2% (H L) 20 36% 45 100 ? 36% 155% 37% 45% • . 45% lj5 135 37 44% 17 '■* Corp preferred conv 137 137 45 14% Glldden Co $5 13 No par Green July 11 10 29% *18% 100 Greyhound Corp July *28% 19% com__ Gleaner Harvester 4%% 29% •18% 2% 39% Aug 26 14% Mar 29 July 27 20% Apr 6 7% July 13 ♦28% 126% 103 Co Bay ft Western RR July 20 200 2,000 ■ 18% 14% 17 Green Jun .7 28% 5 Great Western Sugar 7% preferred 66 138 150 10'/2 6% 7 2,200 - 157V2 *10 18% 10c 3 3 6% .4 61% No 3 Jun *155% 10% *10 -0 V8 72% 106 Menday ' 100 $2.25 155 155 lO *71 Corp Time (W T) K6',a 10 % *126% preferred 3%% *102% 1,900 42% *102% 3%% Grant 42% 106 % 10 % 1,700 % 72 % ♦127% 100 Granite 43 j Nopar Cement Utilities Union 1,700 :• 17 10 par preferred Grand 1,500 No 4%% $5 16% *1Uj?u ♦71 ♦105 _18 series Gen Tire ft Rubber Co 4%% 20% 1,700 -V: v 71 28% ) 37% 52% Baturday preferred $4.50 12% 71 7 "Nopar Advertising Gimbel Brothers 20 / 17 *102 6% ' Gen Realty ft Utilities General Refractories 4Vt% 6% j Gillette Bafety Razor com $5 conv preference 11% Jun 132 5y« Mar No par 7 13 33% Jun * 36% Jan 9% Aug 116 64 Oct 18 76 104 Oct 15% Aug Jan 17% Jan 14 50% Jun 91 24 105 % 9% Mar 36% 44% Georgla-Pae Plywood ft Lumb Co.l 53% Mar 25 Dec 15 •137 No par No par 7 6 Oct 64% 33% Jan 3 28% Aug 18 21% Jan 7 Nov 103% Aug Mar 12% Feb 17 24% May 122 4 13 July 19 4'% 23% Nopar General 67 12% *21% LOW AND HIGH ■ALE PRICES 4 102 % Jan Dec May 82% May 6% 18% Sept. 3 9 23 200 ;,:r'4% 106% 43 10% 29% 1100 27 26% Sep 22% Apr 100 500 <• / 16% / 17% 2C 17 155 10 % 18% _joo Jnn 3 16% 4% *106% 10% 155 *28% STOCK Railway Signal 6% .%:• 17-72 12% 19% 106 % 10% 50 General Shoe Corp Gen Steel Castings $6 pfd General Telephone Corp 18% Jun 90 72% 122 = 22% Jan Jun 30 Dec Mar 14 123 Gen 500 1,500 35% 23% , *21% 43 10% 71 100 Portland Public 4 106% ♦102 ' 155 No par com Gen Precision Equip Corp Gen Public Service Gen ♦34%. 16% 12% A: 17 17 , 10% *70% Motors Corp com Outdoor 106% 10% 100 preferred $5 preferred Preferred $3.75 General Sep 20% Jun May 19 General 29 6% May 30% Jun 76 ♦102 6% Far Gen Feb 98% 42% ' 16% Aug 16 22% 4% Mar 42"% 17 •,/:/ No par f per share 125% 1,400 7% *7 ' 42% EXCHANGE Oct 119 19% 19%; *10 ,„ YORK -Vr 6 16% lti 16% 12% *105% 155 preferred NEW 19% 106% g General Instrument Corp General Mills common Lewest C 7 z 35 *17-. 4% 16% No par preferred Range Since Jan. 1 Highest Highest • 35 23% *4 *105% g common 2nd preferred conv 12% '"-*21% 1 No par Co General Electric Co General Foods Corp com $3.60 preferred 3% % 12% 3 Transportation Genera* uigar Co Inc 5% 17% 100 preferred 7% 16% 17% 23% 19% STOCKS Year 1948 - com General Bronze Corp General Cable Corp. com 4% 1st preferred conv *16% v: 4 *22 1.66% $4.25 pfd series A i% 35% 5% 16% 1,500 5% *4% 6 16% 7 1 18 12% l $4.50 preferred $8 *17% 50 General American Investors Baking 16% 6 16% 7 ♦35 5% 5 6 7 35 % 2 com preferred Gaylord Container Corp General 5% 16% 16% . ' Industries Inc Amer 5 5% *16% No par conv General vv, 6 16% •35 No par Corp (The) Wood 4%% ♦6% 5 6 50 Gamewell Co Garrett ♦4% 16% g com preferred— conv *»«f« for Previous Lowest 1 I 1 I20 com preferred *98 No par 25 No par 11% *98% 100 100 17% 6 18% 5% 17% 53/4 *98 99 99 10% V V. 10% 10% 10% *48%. No par „ xll 49% *48% 49% 67%. 18% 68 .",18 % ' 100 ♦98% 18 5% *98 10% X48 ' 11 *98% ' 18% .17% 5% 5% *98 99 68% 683/4 18% 18% 18% 18% 1,000 5% , 2,400 10% 47% 48% 68% 6,500 18% 99 10% 10% 68 100 483/4 1,600 67% 68 3,600 18 3/4 19 5,500 . THE (994) COMMERCIAL Range Since Jan. 1 Highest Year 104* t per share FINANCIAL CHRONICLE STOCKS Range for Previous NEW f per PRICES Wednesday Sept. 7 share Friday Thursday Sept. 8 $ per share Sept. (i t per share 8 perthare SALE Tuesday Sept. 5 Sept. 3 Par Monday, September 12/1949 HIGH Monday Saturday $ per share $ per share $ per share AND LOW STOCK YORK EXCHANGE Lowest Highest Lowest & S per thare Sale# for the Week Sept. 9 Shares $ per share H 31 Feb 35% NOV 22% Dec 35% Aug 25 20% Aug 19 Hackensack Water Halliburton Oil 3 14% May 19 Hall Printing Co 11% Jun 27 13 Mar 29 Hamilton Watch Co 72 % July 26 104 % Apr i 4 Xl4% May 79 Mar 89 81 Jan \ Jan Xl01% Feb 107 21% Feb 27% Jun 150% Jan 146% July 20 y8 Dec 4% *34% 4 7 Jan 16% May 12% 25 Cementing—5 Jan 16% Jun 31 Sep Dec 12 Oct 15% <12% Jun 18% Jun 142 149 6% 4 19 Hart 14 . 19% 19% 19'A 19% 13 "A 13% 13% 13% 14 700 *11% 12% *11% 12'A 11% 11% 12 12 30J *75 77 *75 77 *75 78 100 *105% 67% Mar 21 11% Jun 6% Jun 28 8% Mar 14 11% 5% Jun 9% Jan 7 1 9 Hecht Co 20% \ 23 5 y« 62 106% % 203 5% 900 23 *22% 5 % 3,000 20% 148 *143 23% 5% 10 108 20% 148 *22% 5'/a *106% 20 % 20 *143 23 *5 62 7% 78 106% 20% 148 23 5'A *60% *75 106% *143 *22'A 10 5 20% 147 *143 100 Marx *105% 106% 20% com—No par preferred Schaffner & 2.50J 19% f 13'A Hat 20 Jun 35 *34% 35 19'A 13% Corp of America common—1 4%% preferred —,—100 Hayes Industries Inc— ——1/ Hayes Mfg Dorp 2 Hazel-Atlas Glass Co 5 8 Dec *34% 19% 13% No par com Refrac 35 *34% 35 19'A 5 Co $4.25 pfd—No par (M A) Harbison-Walk Feb 5% Jan 3 4% Jan Well preferred conv Hanna 24% Jan May 12 20% Jan 34% May 4% 6 107% Aug 4 23% Jan .13 20 (W F) 5'A ' Dec 79 6% Feb 6% Feb 59 61 Jan Jun Jan 7 26% Jan 19% Feb 3 20% Oct 27 % 20 % Jan 13 24% Aug 25% Aug 78 Jan 01 Jun 84 Jan 17 94% Sep " 8 29% Dec 42 Jan 30 Jan 3 36% Aug 19 95% Jan 103 May 98% Jan 14 22% Nov 24% Nov 23% Jan t4 34% Dec 35% Oct 34% Jan 6 — Mar x20 13% Dec July 22% May 103 Dec 57% Apr Jun 128% Feb 122% Feb 15 Oct 30% Apr 123% July 27% Jan 113% Jun 25% 114 Mar '17 Nov 40 26% Mar Helme 21% Jan 26 14 21% Jan 7 Motors Heyden 3 84% Sep 1 3%% preference Hewitt-Robins Dec 14% 12% Dec 25% .Jan 21 % Feb 20 9% Dec 29% May 16% May 8% Jun 29 13 15% Feb 30% 16% Jun 20 22% Jan 21 25 Dec 30 Oct 24 % Mar 10 27% Apr 1 Holly Sugar Corp_. 5% conv preferred 29% Nov 42% Feb 34% Jan 43% Sep 8 Homestake 24% NOV 99 Dec Chemical Corp preferred 16 15 May 2 3 15 May 4 Hires 16 26 Aug 18 35% Jun 103 X24 Jun 94 % Dec 18% jun 29% Dec 46% Jan 27 29 Apr 29 100 Dec II 3 99 Sep 30 34% Aug 10 35% Aug 18 Nov 34% Jan 81 Oct 04% Jun 86% Jan 6 38 Mar 49 Oct 42% Jun 20 38% Jun 29% Feb 7 20% Feb 14 6 n 23 Jun 12% Jun 14 47 Jun 31% Jun 28 8% Dec 4% Jun 7 8% Jun 29 33 % Jun 7 47% Jan 26 14% Jan 8% Aug 31 1% May 23 11% Jan 8% Sep Sep 14% May 34% Jan 50 Nov 12% Dec 22% Jun 9 Dec 19 Apr Dec 5 May 10% 2 12% Sep 14% Jun Feb 10% Jun 8% Jan 5 Oil of Texas Howard Stores • per share $ per share 100 41 100 15% 16% *15% 48% 48% f. 48% *128% 130% 34 123 122 15 *14 *14 . V 17% 17% 34% 34% 122% *14% 17% 17% 86 *83 % 9% *14% 14% 14% 14% 14% 14% 14% 24 23% 24 400 15 100 24% 24% 800 500 *14% 12% *12 Vb 12% 12% 18% 18% 18% '18% 19 VB 19 % 19% 26'A 26% 26% 26% 26% 26% 26% 1,300 1,000 42% 12'/« 12% 42% 43% 43 % 43% 43'A 43% 4,800 12% 12'A 18% *26 42'A *27% 28'A 27% POO 28 27% 27'A 5 27% 27% *107% 108% _No par *93% 94% *93% 94% 94% 94 % *94'A No par 11% 11% 11% 11% 11% 11% 11% 11% 1,200 50 33% 33% 33% 33% 33% 33 'A 33'A 600 No par 34»/» 34% *34'/e 34% 34 34 34% 35% *93% 94 93% 94 93% 93% *93% 94% 140 No par 45% 45% 45% 45% 46 46 45% 46% 1.000 38 38% 38'/s 39 38% 39 % 38% 39'A 7,000 com t v 25 C— 108 *107 *33 10 95 1,000 100 1 — — *14% 15% *14% 15% *14% 15% 15% 15% 5 35'A 35% 35% 35% 35 Vb 35% 35 35'A 1,000 7% 5,200 7% 7% 7% 7% 7% 11% 11'A 11 VB 10% 37% 37% 37% *37% 11% 11% 11% 12 8'A 8% 8% 8% 1% 1% 1% 1% preferred ——— 1 — Refrigerator Co . No par Saturday Sept/3 EXCHANGE Par $ per share HIGH Monday Tuesday Sept. 5 f per share 13% 14 13% LOW AND STOCK YORK 200 107% 107% 108 *107 37% NEW 2,000 13% 13% 15 24 24 9% 9% 14'A 14 *14% 2,300 17% 88 *83% 9% «'■: 9% 9% 220 15 17% 17% i— 8C0 34 123% *14% 15 86 200 2,600 131 123 11% Corp ■ 34 122'A 9% 24 ! 48 *129 34% *14'A < 48% 130% X4tf 15 17% *83% 86 16'A 48% *16 % *128% . 130% 122% 34% 33% *121% 49 16 16 15% - 100 Highest t per share 29 *40 —No par Corp„ Howe Sound Co- Hussman Jan Lowest *28% 41 Hudson & Manhattan common—100 Range Since Jan. 1 Highest 29 '39% *128'A STOCKS Year 1948 x29 12.50 com— Houston Hupp 30 29 % 5 preferred non-cum 120 103 102% 102'A 40'A Hudson Bay Min & Sm Ltd—No par Hudson Motor Car 12.50 Hunt Foods Inc— —6.66% 2% Jan 14 *101% 100 36 100 Household Finance 5% *35 36'A 40% 10 pfd scr A $4.25 preferred Houdaille-Hershey com— $2.25 conv preferred— 11% Mar 6 101% 25 93% 93% *28% DAY 30 Mining-- Range for Previous Lowest & Sons ; 39% Sep ' 8 15% Sep 9 46% Jan 20 *35 3,200 22% 22 *24'A 94% 29 '/a 5 2nd 3% (/o 94 % 40'A 9% Co Houston Light & Power 4 101% 101% *83% Co 95% Mar 14 Dec 3% Furnace $4.50 36% 5 13 — Hooker Electrochemical Co. 1 25 36% „100 E) 48% May Jan 33 3 12% Mar 30 11 Feb 28% Ja May 13 9 % Jun . 13 Jan 109% Aug 17 1 (Charles Hollander (A) Aug 15 22 *24 *35 1 11% Juri 12% Jan Jun 22 24 % 94% 1 A— ser Hilton Hotels Corp Hinde & Dauch Paper Holland 22'A 24'A *93 2,^ J J 6 *28% LABOR 5 9 Jun *21% 94% 200 7% *40'A No par Inc 28% May 86% Jun Co 5% 24% CLOSED , .—No par Oct July 12 5% 22 *100% — 14% Jun 5% • Nov 10 CLOSED 10 78 8% May 20 EXCHANGE preferred 100 Hershey Chocolate com—1—No par coriv 5% 5% *35 25 17% Jan EXCHANGE preferred— S% 79% Jan xl3% Aug 25 STOCK Hercules Powder common.y—No par $4 *7% 22 STOCK common,.....;. non-cum Hercules 7% sen 100 i . *7% 6 50 62 *61 62 7% *24'A ,_25 Co common 62 *7% 6 —100 —, preferred (G W) 7% 35 Aug 19 123% Sep 9 1 14 (H J) ♦ -15 common preferred 3.65% 9 17% Aug 22 49% Aug 19 128% Aug 31 1 Dec Heinz 29% Aug 31 40% July 28 4 13 % Jan 41% 120% Sep 3%% 7% 62 8 per share 8 per 1 600 *10'A 11% 37% 37% 1,200 12'A 11% 12 f 8% 8% 8% 8% 2,000 1% 1% 1% 1% 5,^00 13% 14 11 14 $ per . Friday 1, -o0 Sales for Shares S per share share 1Q the Week Sept. 9 Sept. 8 $ per share * 14 13% Thursday Sept. 7 share 7% 37% 12 SALE PRICES Wednesday Sept. 6 7% I 30% Apr 27% Mar 35% 31% Jun 7 8 Idaho 42% July 22% Feb 24 30% Jan 7 Illinois Central RR Co 62% 90 73 ; • Jun 13 84 Jan 7 95 Jun 29 96 Jan 4 20 Jun 13 28% Jan 21 Feb Jun 95 • ; A July Sep 97% May 24% Jan 37 % July 30 May 26% Aug 25% Jan 4 28 33% Aug 29 54% Aug 31 35* t * RR stock conv clfs series A— 34% 35 V8 4.6C0 26% 26%. 26% 26 % 27 % 26% 6,900 80 common_100 pfd ser A__100 Leased lines 4%—————100 non-cum 35 26% 20 Co Power 6% " 51% Jun 9% 35% Sep 80 79% 79% 80 80 *80 80% 300 *94 97 23 23 97 *94 97 *94 97 *23 24 *23 % 23% 31% 31% 31 % 31% 31% 32 3) % 32% *54% Illinois Power Co common—No par * 4.70 % preferred 50 54 % 54% 54%" 54% 54% 54% 54% 12% Jun 7% Jun 15 10% Jan 7 Illinois Terminal RR 5 *7% 8% 25% Jun 21% Jan 4 27% Sep 1 Indianapolis Power & Light—No par 26% 26% 15% Jan 3 8% Jan 10 45 % Sep 6 Industria Electrica Industrial Rayon De 38% Dec 56 Jun 33% Mar 4 58% Nov 76% Jun 55 Jun 7 *68 Aug 22 Ingersoll-Rand Jun 155 Jan 11 J 65 Apr 25 Nov 30 6% preferred Inland Steel Co— 150 Feb 34% Mar 15% Feb 6% Feb 13 Dec 86 Dec 160 47% 21% May 8% May - A 1% Dec 125% Feb 26% Dec x34% 15 % Jan 26 11 93 % Apr 174% 1 5% Nov 23% 71 Feb Deo Dec 9% 8 2% Jan 8 Intercontinental 29 V 13% Jan 7 Interlake Iron 5 l 3 5% Feb 24 1 24 jun : Jun 14 73% Jan 17 3 % Mar 5 % May 3% Feb 26 34% Oct 25% Jun 14 135 Jan *42% Mar 86 5% * 85 99 Dec 14 Dec .52% Jan 39% Nov 43 Mar ; 30 Mar 8% Nov v 139% July 64% Jun Feb Jifly May 107% 135% July 7 41% Jun .13 94 - 45 Jan 41 Mar 8% Nov Jun £22% Mar 29 NOV 137% Jan 16% 39% May 145 Business Int'l Harvester Machine 31% Jan 143 - 55% Aug 18 103 May com preferred 100 Mining Corp 168% 26 % I'l *73 I 4% 27% 137 15 53% _'No par *100% com preferred Int'l Rys of Cent Amer com__No par 5% preferred International SaltJ • 45% Aug 19 57% Jan 13 34 i 3 Jah27 11% Apr 11% Apr i 4 11 15% Aug ■ 14 74 tr/.'.: 1 9 17 l 28% _ International Paper Co $4 23 i 5 Aug 10 < 29 Feb 1 u 32 Jan 21 148 Feb 2 136% Aug 12 International Foreign i share 34% 34% 12% *12% 12% 12% 12% Q% 14% 91% 9% 9% 300 14% 14% l(prn 91% 91% ■■V: 1% *!% No par *8 5 15% No par 170 *167 - 90 1% 400 10% 2,200 170V2 900 26% 27% 14.200 179% 179% 169% 6% 1,000 29 29'A 4,800 74 73% 73% 4% 27% *4% 27% 27% 136% 53 % *100% 103 7 29 *73 74 136% r 53% >= 54 180 7 29 7 4% 27% 137 170 28% *73 *.'! *137 4% 4% 27% 27% 54% 100% 102% 100% 100 900 4% 8.400 28 130 137 137 137% 53% i. t 6% 53% 8,800 53% 200 103 *101 3,400 5% *5 4% 5>/s 5 % 5 Vb 46% 46% 47% 48% 48% 48% 52 52% *51% 52% .*51% 52% 300 44% v . 44% 44 % 44% 44% 44% 700 46 1 No par 10 27% 45% 8 *1% /. 180 % 4% 45% *31 'A 1% 10 10 26% 44 % 33 * . 31 % 8 8% 46 . 46 , 33 £ 8 % ; 15% 20% 19% 19% 27% 27 % 27% 27 27 27 1 *138 142 *133 200 500 45% 33 *32 8% !-8% 15% 9 23,50) 8% *8% 8% 500 15% 15% 1,900 20% 21 21 300 27% • 15% 20% 15% ; *19% 8% 45% 46 33 8% 8% ; 8 Vb 15% - *31% 8% 50c preferred 1% 179% 6% 44 % common 91% 26% 28% No par 25 " 7% 4% Intertype Corp 91% 800 178% v 28% 53% ctfs 14% 26% 170 46% common 15 1,500 178% 26% 4% " r>", 9% *14% 170 46% Dept Stores Island Creek Coal $6 34% 12% 178 *51% International Utilities Corp_„ < 34% Oft 1%. 74 700 161 34% ,*90%; 100 7% preferred 25 International Telep & Teleg—No par Interstate - *157% 161 34% 91 —No par Shoe—; International Silver *157% *157% 1... 5 8 14 . 1% DAY 17 July 28 Jan CLOSED LABOR Feb 18% Feb Jun CLOSED Int'l NickeTof Canada com__No par Preferred 100 Aug 25 7% Feb 14 24 Int'l Minerals & Chemical 4% 66 % 161 2/;00 44% 66% 14% *90 % Int'l Hydro-Electric Sys class A—25 International 44% 67 n.% 14% EXCHANGE 100 Feb 30% Aug 8 7% Jun 13 24 STOCK EXCHANGE No par 61 ,< 7% Jun 14 ■ j t. 8 , „ - .1 *' Feb 7 STOCK No par common preferred 71 5 ■ 7% 6 ' Jan i: Jun 26% May 35% Jun Int'l 20 Jun 38% Jun 65% July 35 5% Aug 19 . 4% Aug 23 46% Sep. 50 16% 7 . 81% Mar 11 > 5 Jan ' 17% Mar Jan Jun 64 Aug 10 28% Jan 180% Sep 8 7% Aug 16 29% Sep 9 45 67 No par ' 22% Jun 164% Jan jun 93 180 No par i 600 8 44% 12% Rubber 6( 0 2,800 45 161 *■» 1 100 400 26% 67 12% 20 preferred Jun 24% Mar . % *7% 7% , 45 34% 5 ..T% 5.2^0 7% 7% 26% 67 *34% — 8% 8 27 45% *157% common 26% 250 «7 44% No par ; Jun 38% 4% Corp *145% Jan Jun 156 Interchemical *7% 26% *8% i—100 -— 8 8 26% 8 8 1" _—— Inspiration Consol Copper ftisurapshares Ctfs Inc 20 9% Aug 23 Mex, S A— commons—No par 9% Jun Jun Oct 8 3 30 16% May 160 18% Jan • Jan 3% May Feb 14 8 12% Apr 86% Jan 23 % May 103 Jan .'11% 41% Jan May 31 11% Jun 8 • 26% 23% Feb Jun 35 35% *94 20% Nov 7% Nov 4 24% • *22% 1000 Co_ 35% 27% 27% 27 %< 400 27'% 27 27% 700 • ' 27% •; 27% •• 142 *26% *128 142 *138 142 * ' 4% " Deo 10 Dec 23% Jun 11% Jun. 14 ,79% Dec 92% Jan 81 39% Feb 48 May 44 18 May 2% Jun t 13 8% Jan • a 18% Jan .24 : > Jan 3 ; 92 Aug 31 Jan 24 > 56 July 20 '103% Sep 89% Oct 99 May 95% Jan 17 33% Sep 42% Jun 30% Jun 6 100% Feb 40% Sep Jun 6 '110% Sep 29% Jun 30 -20% > 113% Jun 101 Feb 35 Oct 99 Dec 106 May 102 Feb•15 145 Jan 43% Sep 105% Sep 158 Jun 155 May 23 160 Oct 21 29% Mar 39% Jun ; 14 .83% Feb 93% Apr 73 Jun 28 30% Nov 43% Jun 31 Sep 8 8% Jun 30 > , 8 7 . 8 9 7 86 Jan 3 40% Mar 16 (F L) Co l 3% % 13% pfd__100 *90% No par preferred —100 Johns Manville Corp com No par 3%% preferred 100 Johnson Si- Johnson common 12% 4% 2nd preferred series A 100 Joliet & Chicago RR stamped 100 Jones Si Laughlin Steel com—No par . 5% Joy preferred series A Manufacturing Co 100 1 3% 3% ■■h 3% No par Jersey .Cent Pwr & Lt A% Jewel Tea Co Inc com 9 Apr 26 33% Jan Jacobs Jaeger Machine Co 13'A . *13 3% "Z 3% *13 "14% PI 3% 3% \ *13 14% 91 91 91 55% 55% 55- A 55% *54% *103% 103% 103% *103% 103% 39% 40'A 40'A 40'A 40% 1 3% * 56 250 " 100 14% 90% 91 90% 54 % 56 80 500 " 110 110% *41% 42'A *105'A 170 40 >110% 105% *155 *103'A 24% .24% <; 42 105'A *155 i. 24 *l(-9 43 42 •' 105% 105 % 170 *155 1 24%%: 24'A 40 '108 % 110'A 103% 10 40% 7.100 110% 500 43% 43% 43% 105% 105% 105% *155 170 23% 24% v 300 130 170 24% 4,400 ■ 79% 79% *79'A 31% V 110 % 103% 31% 31% 80 r; 79% 31% V • 31 80 79% 79% T02 31% 31% 31% 3,400 1,100 K 11% Dec X89 I Nov 21 May 8 Kalamazoo Stove & Furniture Kansas 98 May 08% Dec 23% Feb 48% Oct 48% Mar 60% Jun 101% Dec 94% Jan 100% Feb x34% Feb 52 Jan 12 11 24 3 Sep ' 7 17% Jan 7 May 26 % July 17% Jun 23 22% July xl3% Jun 13 58 8 18 Feb page 105% Aug 30 43% Apr 12 21% Jan Dec Dec see Aug 22 16% Aug 18 14% Jan ' 7 13% footnote* 102 14% July 25 10% Jun 1 20% 15% For 12% Jan 2« 3.80% 4% 10 10% 10% 10'A 10% 10% 10 % 10'A 10'A 100 *100 V2 101% *100 % 101 % *100% 101% «1Q0% 101% 1,05 % *104'A 105 % *104 % > City Power & Lt Co— preferred cum preferred 100 105% 105 % *104% 105 % 40 par 38% 39 39% 40 40 % 40% 39% 40% 2,700 100 56% 56% 58 58 58 53 57 % 57'A 400 Light Co com_8.75 Kayser (Julius) & Co__. 5 Kelsey Hayes Wheel conv class A_1 15% 38.400 11% 11% *19% 20% *19% 20% 15% 15% 15% Kansas 4% City Southern com—No non-cum Kansas Power Class B preferred & 1 15% 12 15% 12 xl5V« 15% 16 15 VB 11%I *20 16 15% 15% 11% *11% 12 20% *20 20% 16 16 16 400 1,000 Volume 170 Number 4837 THE COMMERCIAL Rang e for Previou S per share Range Since Jan.1 Lowest Highest NEW Highest f per share $ per share Oct 40 Jun 6 56% Jan 40 % Nov 51 Apr 39 Jun 20- 46% Jan 7 16% 24 92 Oct 11% Feb 63 Mar Oct 11% Feb May 17% Jun 104% July 14% 22% Sep 15 Jun 14 10% Jun 14 90 Jun 75 Jan 62 29% Dec 37% Oct 95% July 90% Aug 11 X35% Feb 16 Nov 32 Feb 39% Jun Mar 18 45% Feb 58% July v 48% Feb 40% Nov 49 43 4% Feb 4% Oct 6% May Dec 12 24 Mar 9% Mar 42 98 42 7% 5 4% Aug 17 Mar 37 Jan 4 Dec 26% May 16% Jun 29 90 Dec 99 90% Jan 20 10 Feb 13% May 6% Jun Laclede 11% 14 7 21 ' 46 Jan Lane 26 May 18 6 May 24 11% Jan 10 42 Sep Jun 3% Jun 3% Aug 4 4% Aug 23 4% July 1% Jun 3 3 19% Mar Feb 56 May 5% Jan 13 4% Jun 15 x41% Jun 15 8% Dec 12 16% Feb 26% Jun 20% Feb Dec 56 % Jun 44% Jan 8 Nov 12 Apr 6% Jun 14 38% Jan 34% Jun 14 37% July 27 91 Jan 72% Apr 13 88% Jan Feb 14 33 Nov 8% Nov 174% Mar 170 47 May 13% Jun 55 % Mar 23% Jan = Stores 13 Lima-Hamilton Link Belt Co io; 24% Sep 7 Lion 17 Jan 7 Jan 27 Jan 24% Jun 16 % Feb 22 % Apr 18% Aug 5 14% Dec 20% May 57% Feb 68% xl8 Nov 30% July 15% Jun 23 Jan 20 18 Feb 21% 19% Jan 23% Aug 8 Jun 14% Jan x60 Sep 138 Nov 158 Jun 23 Nov 25 Nov May Jun 153 Jan Lone 1 14 99 13 21 % Mar 30 Lowenstein (M) & Sons Inc 4 % % pfd series A Lukens Steel Co, . Sep 9 Gas & Elec Co Lousville & (Ky) No Range Since Jan.1 Highest Lowest f per share NEW Highest t per share $ per YORK 700 100 3,800 100 300 15 x29 14% 143/4 *69% 70% 20 29% , 70 29% 29 29% 8,600 70 *143/4 70 29% 30% 4,100 93% 58% 54% ■ 94 k*93 94', 94% 110 41% 41 41% 413/4 413/4 3,200 58% 58% 58% 58% 58% 58% 1,300 54% 41% 94 41"% 93% 54% 54% 54% 54% 54% 1,200 8,500 7% 7% 7% 7% 7% 3% *35/8 33% *35/8 3% 35% 3% 600 21% *21% 215% 21% 215/8 22 22 1,200 11 *10% 11 11 11 10% 10% 7% 7% 300 45 45 45 *45 453/8 *45% 45% 30 22% 23 23 *23 23% *23 23% 500 41 39% 393% *39 40% *38'% 40% 100 18% *18% 18% 95 , 18'% *94 41% *1% 16% 16% 5% *5% 48 5% 4% 200 1,100 1% 500 800 16% 5% 49 49 1,700 10 10 *9% 10% *9% 10% 400 23% 23 23'% 23% 23'% 1,100 53% - 53% 53% 1,500 4% 1% *5'% 16% 1,700 23% 10 23% 4% *4 1% 48 5% 5'% 20 7% 41% 41 - 43% 49 48% 73/4 4% 1% 16% *5% 5% 50 *4% *4 2 16 3/8 17 *5% 49 41% 4% 4% 2% 41% 300 18 3A 95 *94 73/4 43% 4% 43/a 73/4 41% 43/8 18% 18% 94 ■ 7% 41 41% 94 95'%, 7% 7% *16% 54 %■ 54 543/4 543/4 54% 7% 73/8 36% 36% , 7% 7% 363/4 7% 36 % , *363/8 8 7% 373% *36% 2,000 8 7,600 37% 500 87% 2,000 •••':= ■'/ V • 86% 182% 181 % *39'% ; 41% 41 41 58% 24% 14% 14 *39% 59 59% 500 243/4 24 24% 5,700 14 14% *69% 72 b9 % 73 *69% 18% 18% 19 18% 19 18% 17% 173/8 17% 17% 17% 17% 69 69 68% ■ "( 69 69 20% 203/8 233/e 23% 166 166 . 100 3,800 59% » 18 5/8 73 *69% 90 41 8 8 14% *14 * 184 *39% 8 243% 14 184 41% *58% 24% 24% 14 86 3% 87% 183 8 "58%/ 59% 59 24 183 8 7% 8 3/8 8 863% 863/4 xl81% 863/4 86 182% x68'% 700 73 , - 18% 2,600 xl6% 17 8,700 *67 67% 400 20% 20% 20% 20% 20% 20% 500 23% ■ 233% x23% 23% 233% 23% 3,500 167% 167% 70 170 *167 168 165% 30% *30% 303/b 30% 30% 30% 30% 1,000 *32 32% 3 2 5% 325% 32% 32% 325% 33 1 24 24% 24% 24% 24 5/8 24% 245% 245% 1,300 1,900 100 *97 98% *97 98% *97'% 98'% 98'% 99 210 *17 % 173/4 *17% 173/4 175/8 173/4 175% 175% 300 30 % 50 com 10 STOCKS Year 1948 143/4 *69 % cl% par Nashville Range for Previous i per share ■; V ...... Jan 15 Lowest ■ Star Cement Corp Long Bell Lumber (Md) A„No par Lorillard (P) Co common 10 7 % preferred i .100 Jun 98% July Jan 31% May 31 95 7 xl4% *4% No par No par Louisville 207/a Jun 24% Sep Inc—— 25% Aug 18 50 35% May Dec 168 Loew's 30% Aug 29 41% Jan 11 Dec Feb Nov : —No par No par 14 37 17 69% Aug 31 23 7% Jan 20 91 5 15 "73/4 Liquid Carbonic Corp com No par 3%% conv preferred 100 Lockheed Aircra,ft Corp^.—.—........I Co.-v-i.- *100' 70 5 66% Jan 13% 101 *18% No par Corp 14 78 *100 *94 100 14 65% Jun 1003/4 22% 5 17 Jun X100 *39% 25 Jun 85 101% _*__7 com 13% Jun Dec 22 9% 52% Jun 68 % 22 23% preferred Oil 22 % - DAY No par 19 Dec x22 5 T Lily Tulip Cup Corp 7 22% —No par Corp 8 41 7% 22 *443/4 LABOR 1 Liboey Owens Ford Glass Libby McNeill & Libby Life Savers Corp Liggett & Myers Tobacco 9 22% 7% preferred—No par pfd No par Sep 12% *4 (The) Apr 10% Jan 15 33 70% May 15% Jun x6% Jun 184 22 Corp *12% *35/8 2nd Lerner 9 8% Mar 30 10 % Oct 1st non-cum 12% 46 11 1 Lehn & Fink Products 18 54% Sep 31% Mar 157 non-cum 50c 24% Aug 82 Mar $3 *123/8 101% $ per share 21% CLOSED issued com Lehman 12% STOCK EXCHANGE CLOSED 3~ com when com 11% May 16 4 STOCK EXCHANGE 5 Co 50% Aug 23 8% Feb 21 May & Sons Lehigh Valley Coal 12 8% Jan (James) 12% 54% 50 .j, 12% Shares 43% 58% _1 Tire Additional 8 24% Jan 25 43% 7 Jan & 81421/4 41% No par —— 45% 42% 93% 3.8p% cumulative preferred-—100 Lehigh Coal & Navigation Co^ 10 Lehigh Portland Cement 25 Lehigh Valley RR No par 1 8% Rubber Lees 98 13 4 No par common Lee Mar 21 Jan Jan Bryant 43 33% Jun 13 Co pfd—75 Pesos Mex (The) 4% % preferred Lane-Wells Co 22% Jan 3 Jun Light 46% 42% 29% —No par 26% Jan 19 1% 5% 10 10 6% 453/4 423/a *14% No par Co 46 % 42' *69% 100 . Co, Gas Consolid Lambert 6 4% Mar 41% common 45 % 42% '100 No par & Co (S H) La Jan 22% May 14 15 Inc Kresge (S S) 6 4 Jan 26% July 10% May Co 45% 21% 1 common preferred 7% Aug 17 10 19% Jun Dec Koppers 26 Kress 43 39 Co tlio Week Sept. 9 *12% 100 Kroger Co (The) 53% May Jun R) 2 29% May 47 May 30% Mar Jan • <G galea for Friday Sept. 8 S per share 8 per share 42 No par com Thursday Sept. 7 f per share No par $5 prior preferred 8 Oct 21% Kinney 71Aug 16 31% Jan / 7 t per share PRICK ■ Wednesday 45% > 5. —. 2nd Dreferred conv 59 % Aug 25% Aug 35 4% X55% Aug 3 % Jun 9% Jun Kimberly-Clark Corp 3 17% Jan" 14 % May 7 # per share HIGH ■ALE Sept. 6 - 19 (995) Tuesday Sept. 5 No par Co Wire Co & 14 Jan 4% Jan Apr Dec 17 Keystone Steel 101 = Aug 31 xl4% Sep • 7 25% Jun 20 89 Kennecott Copper Kern County Land 13% Jan <"7 25 Par Monday Sept. 3 : ' 12 Feb Saturday v $ per share 60% Dec CHRONICLE LOW AND STOCK " Feb 19 YORK EXCHANGE 42 % 12% FINANCIAL STOCKS Year 1948 Lowest , & AND HIGH BALE LOW STOCK Saturday share Par Monday Tuesday Sept. 3 EXCHANGE Sept. 5 Sept. « f per share < per share f per share PRICEB Wednesday Bale* for Friday Thursday Sept. i) Sept. 8 Sept. 7 I per share 1 per share S per the Week share Share» 12% 100 M, 9% Jun x35% Dec 40 129" Oct 142 Feb 13% Dec 30% Mar 94% Dec 10 Nov xl6% 9% 490 Feb Feb Dec 6% Nov 27% 30 131 Apr Sep 10 14 27% Jun 95% Jan 10% Jun 6% 10 Mack 100 % Apr iJun 24 Jun 13 24 M MacAndrewS 26 Apr 15% Jan 6 23 5 6% Feb 138 6 6 10 Magma 19% Jan 500 3 Jan 12 8% Aug 25 Mandel 26 Jan 15% Jun 14 18 14% Jun 6% Feb 10 10% Apr 29 18% Mar 25 % May 17% Jun 13 x22% Aug 8 6% Jan 13 % Dec May 8 Feb 22% Dec 92% Dec 103% 9% Nov 17% Sep 29% May Jun 16% Mar 18 19% Apr 29 95% Jan 5 8 Mar 7 May 14 17% Jan 20 24% Aug 8 103% Feb 14 Shirt Manhattan Maracaibo Oil Marathon Marshall Field Co & Apr 7% Jun 14 Jan 10% Feb 11 12 Apr 13% Jan 7 13 57% Jan 7 Masonite 18 Dec 27% May 11% Jun 13 19% Jan 7 Master 27% Feb 45 Oct 42 2 Nov 176 Feb Jan 170 Feb 15 179 Aug 16 47% Apr 38 Jun 1 46 Aug 12 84% Mar 93 Jun 89 Jan 4 97 Aug 25 84 Feb 93 Jun 89 Jan 11 97 Aug 77% Aug 8% Dec 85 Jan 80 Feb 23 85%- Aug 16 7% Jun 27 10 33 Dec Apr rt: Jan 110 May 25 Jan S3 Jan 19% Mar 22 25 36 % May Dec Feb 88 Jan 101% 29 Nov 42% 41% 31 10 9 Jan 29% Jun 14 39% Aug 23 24 34 McGraw-Hill Apr 21 Mclntyre McKesson & Robbins Inc 87 Jan 98% Jun 92% May 3 100 18% Feb 15% Dec 24% Jun 19% Feb 24% Jan 16 17% Mar 11 McQuay 17% Jan Mead 90 Sep 2 34 Jan 12 20% Dec 25 % Dec 13 15 Jun 20%. Jan 3 24% Aug 16 7% Jun 14 1-3% Jan 8 34% Jun 30 49 12% Jun 14 15% July 25 Dec 19% May 62 % May 12% Jan 18% 8% Nov 50% May 47 12% July 14 Jun ■Jan 22 5% (1st (The) 1st conv DAY 8% 8% 8% 8 % 8 8 8% 160 231/4 1,500 102 190 8 1,300 500 *12%" 123/4 *12% 123% 12% 12% 400 5 No par 40% 176 44% 443/8 96 96 41 41 179 *176 40 3/4 *176 45% 44 % *96 96% . 44% *96 41 41% 10 443/4 2,000 97 *96% 97% 20 '95% *96 r96% *96 96 5% 96% 87 % *86 87% *85% 87% 9% 9% 93% 9% 38% *37 114 9% 9% 38% *37 114 *113 *9% 37% *113 21% 37 21% 22 21% 215/8 33% 3334 34 34 34% 34% 98 96% 965% *96% par 8 18 No par 10 Co 50 series) 97% *96% 38% *37% 38%. 38% 38% 38 *29% 31 29% 29 3% *29 Co '/ V 600 34'% 1,600 98 120 38 300 100 30% 31 55 55 55% 55 56 55% 55% 1,200 36% 37 37% 37% 37% 37 37 2,100 98% *98 36% 98 21% 21 % 21% 21% 14% 13% 13% *13% 98% 21% *13% 14% 98% 99 400 98% 21% 98 *21 21'A *14 700 100 14% ; 800 12% *12% 123A *89 95 *89 95 *89 95 *89 95 *31 33% *31%' 33% *31% 33% 31 31 100 22% 23 23 23 1,800 9 900 12% 13 123/4 123/8 22% 22% *8% 9% 39% 39% 15 23 9 9 40 *39 *14% 12% 23 9 3% Inc— 217% % 1 preferred—68 Stores 200 —- *29% *54 1 common— 800 114 213/4 97 — 37 *113 37% 114 33% *373/4 100 96 5% *85 9 % *113 5,700 179% 44% *21% com 41% *176'% 45 87% 95% *85 300 179 —1 Melville Shoe Corp Mercantile 23'% 101% 12% —1 Mfg pfd Co 23% 101% 12% Corp common „—No par pfd (1st series) 100 Mengel 23% 101% 48% Co Norris 2nd 22% 1013/4 12% 4%% 4% 22% *101% 8,800 48% .— McLellan-Stores 70 % May 25 11 preferred 22% Mar 30 28% Jun 223/a 900 8 17'% 48% Porcupine 11 Jun 73/4 *163/4 *12% Publishing,—No Mines 57% Aug 19 May 8 17 2,100 12% 1 38 23 % 7% 17 83% 21 48% —100 3 96% 16% 21 21 12% preferred conv 4 46% May 8 7% 16% 21 No par 30% Jan Dec 17'% 8% 48% Stores Corp com 41% Jan Dec *16% ■; 12% Corp 52% May 15 100 48% No par 35% May 80% Mar 8'% 12 % No par Dec 31% 8% 1013/4 40 Dec Jun 8% *101% 176 29% xl3 *8% 22% LABOR Corp—No par 41 $4 8% 48 % McGraw Electric Co 24 Aug 25 July 20 *8% 12 78 common,— Jan Aug 12 163/4 30 8,200 483/4 — 34% Sep 4 8 7% 16% 5,100 8% *lii?B — 98 Feb CLOSED 85% 490 8% 20 3/i 1947 series—No par 90 Jan *460 8% 203/4 100 30% Mar 23 .; 8% 8 5% 475 8% 203/4 common Jun May y 8% 20% preferred No par 1st cum preference—No par McCrory 3%% 8% 475 8% .—.I pfdi cum McCall 700 No par $3.75 cum pfd $6 1.300 8% 1 Co Chemical Co 472 100 87% 113% 17% preferred Maytag 8% 73/4 472 98% 8% 8% —_—No par Corp Electric $3.40 Mar 31 112 25 Aug 25 1% 98% *11% *16'% EXCHANGE 1,900 9% 83A CLOSED 32% 113/4 99 17% EXCHANGE 5,700 *83% *98 8% STOCK 10 113% *11'% *16% Co__ L) May Dept Stores $3.75 preferred 38% Aug 24 5 21 23% Mar 30 Jan 43% 112 9 (Glenn Mathieson < 9% 11 8% STOCK 100 11% 32% 32% 8 3/4 17% No par com Martin-Parry Corp 39% Jun 35% Mar 99 *8 3/4 31% 8% 100 19% Martin 31% *8% preferred 69% July 12 9 •'* -34 137 ' *16 % 6.25 Marine Midland Corp 5 Market St Ry 6% prior pfd—100 22% - 475 *134 113% 5 Corp 4%% 7% 7% *83/4 11% 1 —.—* Exploration Feb 110 *465 *333% 33% 137 No par Dec 12% May 11 1 11% 34% July 12 11% Co 47% X165 11 1 50 Bros Dec 6 99 9% *98 "83/4- RR Sugar Feb 15 31% *97% *12 12% 33% *134 11% 31% (The) Co Co Coal Manati 5% Mar 25 Magnavox Mahoning % Aug 30 9 15% 7 31% —10 Copper *12 34 137 11 % Madison Jan 12 12 *33% *134 11% 11% 4%% 22 134- ' 134 (R H) Co Inc com—-No par pfd series A_— —100 Square Garden No par Macy Jan 3^ b33 % 5 Inc 12% *12 —100 preferred 13 13% Jun B Forbes com......l0 & Trucks 20 Dec 7 Working Co— & M Wood 9 3 33% Jan 430 " 14% Mar 36% Jan 22 8% July 27 15% Apr 24% May 21 Dec 10% Jan 9% Jun Jun 39% May 103% Jun 525 6 31% Apr Jan *39 14% 143/4 143% 83% 9% 41 ^*39 14% 14% 20 41 143/4 600 8% 100 33% 2,100 ' 7% Mar 21 27 85% NOV 95% Jun Apr 28 90 Jan 8% Jan 34% Aug 17% Feb 27% Jun 35% Dec 44% Jun 92 Nov 101% Nov 104% May 3 97 105% May 25 113 18 July 27 30% Jun 20 97% Jan 20 8 Aug 19 $3.50 $4 9 20 26 Mesta 3 102 Mar 14 106% Jan 3 110% Feb 8% Jun 14 '143/4 Jan 38% Feb 69% May 37% Jun 14 47% Jan 14% Jun 6 18% Jun 14 17% Sep ■24% Sep 140 Dec 16 9% Mar Jun 14 : July 56% 42% Nov 87 Nov 98 54% Mar 78 98% Oct 10% Mar May Apr 124% July 14 10% Aug 2 7% Jun 15 43% Feb Mar 10 139% Mar 24 8% Prod 55% Aug 18 May Sep 1 Jan 4 1 10 % Jun 13 107% Sep 143/4 Jan Feb 15 15 80 16 19% July 11 25 P SS & Minn-Honeywell 3.20% Minn $4 conv Min & Regul pfd Mfg common preferred 98 111% *18% 18% 18% 13% 36% 36% 35% 36% *100% 101% *108 110% 102 110% *101 *108 11% 11% 11 % 11% 44 43% 17 24 24% 44 ; xl6% 5 No par com 34% *96 *111 163/4 No par series A 111% 433% 100 Marie 98 111% 3 8 % 33% 10 new 1st 8% 34 *7% No par ; Inc com Minn St Aug 30 Steel 12 83 24. 9 Petroleum Utilities 25 Jan 98 page 10O 12% Jan 7 «ee pfd, 100 12 16% Jun footnote* South 3.90% series— preferred Mlnneap & St Louis Ry _ 67% Jun "or 8 Edison preferred Copper Midland 10 18% July 4.35% Middle 87 104 Metropolitan Co Mra-Continent 66% Jun Jun Machine Miami May 105% *96 2nd 38% Jan Dec Nov 34 No par preferred conv *7% 50c 23% Jan 19% May 11 Transp Co—No par preferred _Nopar Merritt-Chapman & Scott—No par Feb 128 8c Mln Merck & Co Inc common Aug 13 106% Merch 129% 11 11 8% 3 53% 100 *95% No par No par Minneapolis-Moline Co common,,,1 $5.50 1st preferred 100 $1.50 2nd conv preferred 25 83 129% • 107 11% 9 53% 97 23% 11 11% *73 74 *18% 19% 23% 129% 128 ; 11% X33% *95% *110 *18% 36 *8% 8 34 98 111% .* 33% *95% *110 97% _50 111 18% *18% 19 100 36 *355/8 36 800 101 101% *108 110% 101% *108 101% r 60 110% 11% 11% 11% 11% 43% 43% 800 43% 43% 3,400 17 17 17% "18,200 *23% 23% 23 23 127% 1273/4 128 128 140 11% 11 11 1,100 16% *11 8% 8% 8% 600 1,300 8% 9 533/4 54 54% 54 54% *95% 97 *95 97 95 95 100 83 83 83 82% 83 1,800 ♦106% 107 20 83 107 17 ,, 8 *106% 11% 73 *18% 54% 8% 1,500 *106% 107% 12 11% 12% 11% 12 4,400 73 72 72% 73 73 370 19% 19% 19% 19% 100 107% *18% THE (996) COMMERCIAL Range glnee Jaa. 1 Year 1948 I 42% 73% YORK : * Jun 38% Jun 54% Jan 6 7% Jun Feb 13 9% Sep 7 Mission 3% Jun 13 6 7 Mo-Kan-Texas 13% Feb 34 July x33% Dec 44 Jan Feb 15 % Jun Dec 29% July 61% May 14 15% Jun 14 9 22% 45% Not Jun 46% 2,200 974 97a 974 4,300 37a 3% 37a 18% 18% 18% 1874 18 4% 4% 4 Mojud 103% Jun Oct Not 27 Jan 16% Jun 29 11% Jan 21% Deo 20% Jan 29% May 13 $4 Inc..* Cneralcal conv 7 Morrell (John) Jun 6 20% Jan 20 Motorola 6 25% Jan Motor 7 19% Mar 80 Motor Dec 28 May 15% Dec 24 Jun 11% Jun 1 17% Jan 8 Mueller 13% Not 16% Oct x9% Jun 13 14% Jan 7 Co 14% Oct 10 Dec 33% Feb 107% Jan 12% 45 11 Jan 46 38% Feb May Jun 109 17 Jan 10 17 112% Mar 17 May 17 13% Jan 14 Jun 7 6 34 Dec 43 Jun 30% Mar 22 37% July 12 50 Deo 55% Jan 41 81 July 1 , Jan Wheel 4% 8 (F E) 277a 117a 23% Co 1,900 '"'L 3,900 3,700 4 27% 277a GOO 117a 11% 1.50J 117a *23 18 4 l/:.-23:7v/23:7:/ 54 53 111 *108 110 *108 110 *108 No par S *110 111% *110 111% *110 111% *110 100 111 111% 53% 53% 527a 537a 52% 5274 2,100 12% 13% 1274 127s 127a No par 127a 127a 127a 2,300 52% 52% 527a 527s 52% 53 i 52 52% 11% II 8,500 11% 11% 11 Co. 11% 11% 11% No par s *17% 1,500 18 18 18 18 10 *17% 18% 200 18% 187s 19 197s 19% 197a 19% 19% 4,600 21 21 207a 207a 207a 8 20% *2078 21% 19% 1,000 iHi/3 1 Corp 19% 19% 19 % 13% 13% 13% 1374 13% 13% 1 *13%, 137a 800 10% 10% 107a 107a 10% 10% 10% 10% 2,200 *9% 10 •9% 10 *9% 10 *9 % 10 No par Co ft STOCK 1 100 10 preferred Myers • *108 Corp Brass 1774 4 No par Mfg Corp Munslngwear Inc Murphy Co. (O C) common 4%% preferred Murray Corp of America com Aug 31 9% May 31 112 8ep 14 18% *27% 117a 237a Mullins 15% Jun 27% 1174 *227» Inc Products 27% 1178 23% Lines & 27% 11% Utilities Moore-McCormack 27 % *22% Montgomery Ward & Co 6 4 ...lJW pfd series A pfd series B Montana-Dakota 4 '■ No par com 5 Tool conv 16% Jun 14 com Co Machine Apr 13% Sep 2 59% Mar 29 RR Hosiery 10% 13% Apr 23 Jan 46% 974 3% $3.25 3 47% 97s 3% Monsanco 10% Jan 467a Shares 974 Aug 17 Dec 19 8 111% Jan 4 6 5/a far the Week $ per share 3 5/8 Aug 16 13 45% 46% Salea Sept. 9 S per sh are 9% Monarch 'Jan 45 % Friday Sept. 8 I per snare 3% 56 10 10 Thursday Sept. 1 f per snare 9% 112 47% Jun 9 per share Wednesday 3% 45% Jan 65 < per share pucks Sept. 6 5 101% Jun Dec Tuesday Sept. ft No par 24% May 16 21% Jan May 17% May 20 Corp Development Co May 122 47% Mar 10 20 11% Jan 13 Jan HIGH 1ai.k AND Monday Sept. 3 '• Far Monday, September 12, 1949 7% preferred series A 10O Missouri Pacific RR 5% con pfd_10O Mohawk Carpet Mills.™ 20 5% Aug 16 35 6 9 Mission 112% 99% Dec 105% Mar 9% Jun Jan 25% Mar 30 3% Aug 16 25 V Saturday 'Jpp.P/ 9% July Feb 4 CHRONICLE LOW STOCK KXCHANG1 9 per share 6 per share ahare per NEW Highest Lswsst Hlgheat f per share FINANCIAL 8TOCK8 |M|« far Previa as Laweat & EXCHANGE - EXCHANGE CLOSED CLOSED 19% 19% 500 45% 45% 110% 11074 11074 11074 111% *110 111% 50 1?74 12% 125/a 127a xl2% 127a 12 12% 2,600 37 371/4 37% 37% *3674 38 *37 38 300 47 *46 48% 100 137a 5,800 ~ 50 <fc Bros STOCK *19% LABOR No par DAY *45 45 457a *45% 47 45% *110 47 47 45% 45% 45% 800 N 14% Mar 21% Jun 10% Jun 14 18% Jan 20 Feb 82% Sep 22 Jun 13 28 Jan 21 18 Deo 29 Jan 17% Jun 14 23% Apr 11 Jan 3 9% Apr 4 National 4 National Automotive 4 National Aviation Corp National Battery Co 4% 6ep 8% Feb 9% 10% May 13% July 9% Jun 13 17% Mar 10% Jun 13 12% Aug 13% Apr 48 28 14 41 Nov 29 Mar 28% Feb 162% Oct 5% Nov 32% Oct 175% Jun 4% Jun 30% Jun 6 5% Jun 13 Jan Container Cylinder 27% Feb 10 National Dairy 13% Feb 14 34% Aug 12 17% Aug 18 National Department Stores Deo 14 % 17% Jun 20% Jun 85 Oct Jan 88 162 Oct 177 Nov 25% Apr 169% Jan Apr jun Jun 5% Dec 147% 7% 15% Feb 24% 16% Jan 14 135 Feb 180 4 Jan 15 149 4 Jun 1 Jan x% Jun 15 19% not 81% Mar 25 May 19% Jan 21 73% Jun 13 114% Oct 25% Jan ii Jan Jan 10 91% Jan 7 22 Natl Power National 15% Feb 11 19% May 16 80% Not 94 Jan x80 % Jun 15 86 21* 21% Jan 4 9% Jun 13 9% Jan 3 13% Mar 30 Nehi May 12% Jun 10 14 % Mar 17 Neisner Xl01% Jan Nov 9% Nov 9 Nov 80% May 15% May 12% Jan 19% Jan Nov 19 10 % Dec 12% 100 Feb 104 Jan *27% Mar 35 9% Jun May 87 f Feb 98% 29 Jan 24 30% Aug 10 Natl 20 11% Apr Mar 28 35 101 3 4 Sep Lowest 8 Range Since Jan. 1 Highest 6 Nov per Lowest rhare 12% J»n 90% Mar 09 38 64 12% 70 Feb Dec Nov 20 % Feb 81 Nov 12% Dec 39 Feb 121 Feb 11% Mar 20 Apr 30 72% Jan 35 92 6% Mar Nov 14% Feb 9% Jun ■"! July July 23% Apr 144 27 86 24% Jun 56 Dec 55 Feb 25 Aug 14% Mar Jan YORK 14 59 10 250 13 14 Mar 9 98 % Sep 19% Apr 21 94 Jan 10 14 Jan 3 21% Jun 28 Mar 24 48% Sep 59% Jan 10 28% Jan „ $5 N Y non-cum & preferred Harlem RR 3% 28 10% May 13 84 Apr 29 107% Feb 15 94 % Aug 11 109% Mar 22 Nov 27% May 13% Jun 14 Jan 11% July 22 19% July 25 40% 32 15 36 1% May 21 11% Mar 2 13 Dec 10% Mar 7% May 14% Jun 4% Jan Aug Co Light 3.90% 4; 11 3 pfd—100 Common 13.75 25 preferred Nooxiu-SpurKs Noma Nopco 4 Ry com preferred American North 1 Co Western Adjustment North 2JO Corp Chemical Norfolk & lost . Industries Electric 28 28 Co American 10 Aviation Pacific Jan No par 50 N Y New Haven & Hart RR Co.lOO Preferred 5% series A 100 Natural Jun *1074 103/4 *10% 103/4 107a 11 11 11 107a 107a 103/4 103/4 1074 *1078 1074 10% 107a *1072 103/4 100 *13 74 13»/2 13 3/8 131/2 13% 13% 1374 13 % 900 *10272 1041% *102'/2 1041/2 *10272 104'/a *102 72 104 72 33% 33'/2 *34 3434 35 1001/2 *99 *99 4001/2 *99 Monday Sept. 5 Tuesday Sept. 6 f per share tper share f per share 97a Wednesday Sept. 7 t Central Ry 1 Co Gas 80 Co 10 Ry 100 Northern States Pwr Co (Minn)— ' Common - No par $3.60 preferred preferred Northwest Airlines Inc No par No par $4.80 4.6% common preferred 28 Northwestern Telegraph JNorwalk Tire & Rubber Norwich 10 Pharmacol 50 No par Co 2.50 974 per 974 97 51% 11 No par common Northern Apr 103/4 *103/8 35 35 34% 1001/2 2,000 100% 1,100 100»/2 60 Thursday Sept. 8 Friday Sept. 9 < per share share $ per share Sales for the Week Shares *95 51% 52v4 11 2574 26 253/4 93A 9% 97 *95 52% 27 2 61/2 93/4 97 5172 978 978 *95 513/4 3,500 97 513% 51.% 1,100 1,500 1,100 10% 10% IOV4 10 10% '267a 10 7. 263/4 10 101/4 7,700 71 »/2 711% 72% 73 72% 737i 717a 7272 1,400 12672 10® Dock 17% Jan 83% 1,500 103/a 103/4 2674 13 18 30% *26'/a 11% Jun 6 130 3072 *103/8 New York Central No par N Y Chic & St Louis Co com—100 6% preferred series A 27% Jun 84 72 303/a 2672 Deo 7 17% 841/2 30% 267a 16% 17% Mar 177a 8472 3074 * 267a Brake Northern 8% Feb 177a 84% 297a 267a Air Northern Dec 18 74 843/4 27»/4 York 18 / Mar 4,300 177a 84% 30 107a 36% Mar 17 90 18 177a g8I/2 85 109% 200 107a 14 Oct 500 1,400 *673% Jan Aug 21% 25 107a 75% July 22 7 900 7972 7972 *2472 68% 31 Feb 21% 80 1/4 24% 101/2 36% Jun 8% Nov 213/4 80 2434 *673/a 93 jun 21% 243/4 10% Aug 26 20 % July 19 11% Jan 7 8% Jun 213/4 68% Feb Jun 10,100 107a 20 13% May % 6% , 2 6 3/4 N Y Power & 16% May 6% Jun Mar 400 % 8472 Sept. 3 N Y Shlpbldg Corp partic stock—1 N Y State Elec & Gas Corp— 86 15% Jan 1674 % 17% 293/4 Saturday 1 Jun '26 67a 16% low and high SALE PRICES STOCK 7 Jun Jun 63/4 163/4 *677a 50% Aug 15 62% Not 28% Jan 14772 * 674 163A 681/2 Apr 23 33% Jan Jun 1467a 147'/2 120 *26 7a New 7 9% Jan 21 4 Jun 180 80 7974 1,900 32 180 % *2472 243/4 40 3274 32 180 8472 No par 5% Jun 674 17 *21 2172 79'% *24«/2 No par Feb 16 *21 1 York 225 re *79 1 City Omnibus Corp Feb *6% *16% i7« No par New 48 61/2 163/4 1,409 93'% *67 7a 82% Mar 78 *146'/a 6V2 163/4 32 1,400 147a *92 *95 25% 103% 1471/2 N Y 25 17% *146'/a 6 17% July 86% Jan 8 12 48% Sep 23 147'% S 15% Feb 8fl *146'/a 14% Jan 5 19% Oct 25% i/y'% 26% May 20 91% Jan Jan 179J/2 21 21 Dec *17872 21 Jun Dec 17774 Jan 89% July 13% 1773/4 143/8 87a 14% 14% 92% Jan 14% Jun 20 14% 92 32 81 96 81 14% 92% 14% 400 20,000 8% *91 140 Jun 20'/a 8 x32 6 10 20 8 9174 13 20% Jun 143/8 167a 20% 20 77a 77a 32'/4 Jun Jun Mar Apr 13% Jan 13 207a 17 32 74 117% Jun Jun 255 10 33% Jan 14 20 8 3372 4%% preferred 100 Newport News Ship & Dry Dock—1 12 ■ 8,900 33% 17 England Elec System 1 Jersey Pr & Lt Co 4% pfd—100 Mining Corp 10 Newport Industries common 1 27 14 65 300 333/8 New 8 13% Jan 25 10% .101/2 91'/4 Newmont 23% Jun 9% Feb 14 6% 107a New 84% Oct 43% Jun 18% July 61 20% Feb 10% May 17 99% July 29 Mar 21 5,800 63/a *10 7a 77a 10 Par 59% Jan 3 94 42 Jun 4,800 6'% 8% 63/8 107a 207a EXCHANGE Aug Mar Jan % Jan 8'/2 63/8 83/a 67a 105/a 20 I per share July 26% May 90% Jun 49% Jan 200 8 87a 8% 07a 327a No par Highest 9 per share 700 2,400 *16% No par NEW 140 57a 17 common 184 323/4 33 preferred 100 Newberry Co (J J) common_No par 3%% preferred— 100 Aug 19 184 574 323/4 10 Inc 600 100 6,100 - 32% *16% Co 35 103/4 No pax Co 34'/2 53/8 100 Fibre 2,600 r 401/2 327a 17 No par Corp , 12 »/4 *39 184 600 5*J4 33 4%% 8 83/8 81/2 12% 300 , 323/a 17 8TOCKS Year 1948 53% 327a 327a common Corp Jtange for Previous f per share par Co Bros 183% 53/8 323/s No par ex-dlst Vulcanized Natomas 2 103 % Aug 12 Tea 183 183 100 Lt Shares National 12 % Apr 20 93% Jan Jan & 127a 12 7a 35% 572 87a National Steel Corp— 28 National Sugar Ref Co No par National Supply (The) Pa com—10 4%%> preferred 100 25 % Aug 19 21% Feb 28 26% July 4 35 772 67a National Linen Service Corp 1 Nati Malleable & Steel Cast.Nopmr 21 3574 5 preferred A preferred B 6% Aug 19 19% Jan 13 A Deo 7% 8 183 10 21% 103/4 1 Prod $4.50 preferred National Lead Co 6% July 27 5% Mar 10 14 Sep x35 327a 1 Products.^—No 12% l2'/a 4072 ' Enameling 6i Stamping—12.AO National Gypsum Co com 1 33% Jan 21 14 Co Gas Co Distillers 12% 12 1/8 15 1 *7% 77a *'*9 51/2 Nat 7 Feb 95 86% May 13 Jun 130 Aug 18 14% Feb 23 13 xll% Jun 96% May 29% National 21 13 7% Jun Deo 12% V *20 7a 4072 323/a 1 National National not Not Lines Inc 8 12% 7% " 11 Jan 183 a 21 *39 357a 1372 * 12% 127a 137a '2 21 772 12% 12% 12% 40 347a 10 12 9% Jan 12% ._No.pa* 13 17% 16% Not National City 8% Aug 19 *73/8 40 100 Cash Register 13 May 22% May 20 National 73/4 *12 10 preferred National Can Corp 5 73% 1374 21 i common 133/4 25 *20 3/8 4 Jun 5 21 Sep Co 13% *24% 20 72 Fibres Ino—1 Jun 82 14% 35% Aug Biscuit 133/4 241/z 201% 1 1% 8 137a *24 1 9% Jun 14% Aug 24% Mar Sep ■ 100 Airlines National 1 7% Mar 29 13 Jun 13% Deo lb4 170% Mar 15 Corp Nashville Chatt & St Louis National Acme Co Aug 28 35% Sep 3 9% May Deo 10% Mar 15 Jun 30% Jan 9% May 48 Feb 9% July 32% Deo 6 5 Ntsh-Kelvlnator 7 126% 1261/2 126 »/2 1267a 1267a 1,300 117a 100 I26V2 12672 *lli/2 STOCK STOCK EXCHANGE EXCHANGE CLOSED 12 *1172 12 *117a 12 **u 25 *21 25 *21 243/4 *50 561% *50 56 *230 245 *230 CLOSED 245 6 6 6 25 *24% 25 *50 245 *6 6% *230 25% LABOR 98% 98% 98 98% *98 DAY 17% 1774 177a 173/4 *1772 177a 48% 48% 487a 487a 487a 4874 94 94 20 20 8% *93 197a - 87a 8 *93 *19% 20 8 7a 87a 237a 493/4 507a 497a 50 273/4 *27% 28 187a xl8 187a 23% 233/4 49 187a 974 97s 9% *77% 347a 343/8 147s 147a 15% 10%. 107a 10% 8 3/8 237a *231/2 24 COO 18% 18 3,800 187s 16,300 97a 974 S7a 2,600 79% 79% 7974 347a 34% 3472 1,600 153/8 15 i/a 15 1/4 13,700 9% *78 107a 107a 101/2 10 10 10 10% 107a 107a 181/4 181/4 18 18'% 1878 187a 9272 108 * 9272 108 *3472 / 35 20 >. 10% 18,000 92 927a 200 *108 93 108 35 1,900 4974 108 *34'/2 874 2772 *92 35 50 700 8% 4372 93 . 2.500 197s *27'/4 108 127a 4974 94 273/4 93 *1>/, 500 19% 108 *3472 120 17'/4 15% 34»/2 14% 4874 *93 700 99'% 34% 79 7a 34 18% 9'/4 78'/2 17% 24% 49% *2774 78% 245 1,000 247a *98 94 19% 233/8 *23 7a 99 94 *27% 56 6 »/4 25% 800 237a *50 55 *230 25 117a *21 <:■ 1083/4 140 lO'/a 107a 2,800 18 18'% 1,300 107a *34'% 15/, 17a 17a 17a 1% 174 127a 127a 127a 1274 123/4 *1272 35 1% 13 700 500 O 26% Deo 92% Jan 28% Feb 16% Apr 22% Feb 92 6% 88 Mar Deo Deo 20 Jan 27 Jan 144% not 15% Not 80 Deo 47% Deo 24% 43 27% Jan Jun 103 Jun 27% July 26 99 % Jan 3 Jun 18% Common ' 106 Sep 4.40% Co 11 99 Jan 8% Jun 90% Jan 10 22% Jan 7 _ Jun 13 34 Aug 11 Jan 15 165 Aug 30 Feb 11 % Jun 1 16% Jan 24 Oil Corp 8% convertible Oppenhelm Otis Elevator 79 Jan 28 Outlet 59 % Sep ,7 Owens-Illinois Co 11% Feb 8% Deo Jan 18 7 May Pacific Amer 8 Jun 6 Sep 73 10% Jan 18 Anr Pacific 51 Coast 34% Feb Sep 1 71 Apr 4 Aug 16 40 Jan 17 footnote* <• jdge 29 24 8 A—100 No par preferred Outboard Marine <fe Mfg 7 10o 10 common 6% 3 14 preferred Collins 64% July 11% Mar 29 No par 4%% convertible preferred Omnibus Corp (The) common 60% For No par pfd—20 common 100 2.50 No par Glass Co Fisheries Inc Co 1st preferred 2nd preferred common non-cum non-cum 303/a 2d 74 100 Co 49 % Jan 18% May 8 distributed" Oklahoma Gas & Elec 4% 28 78% Jan 48% May common "when preferred Oliver Ohio 148 Jan 89 Edison 19% Mar 14 79% July 13 18% Aug 22 87% Jun 23 Ohio 9 31% Jan Jun 6% Feb Jun Jan May 18 29% Sep 33% Jan 91% July 26 Jan 154 33 20 Jan 28 v 23% May 31 17% Jan 8 86% July *109% July 12% Apr 100 3 12.50 8 10 3078 X30% .29 1043/4 293/8 18'/2 287a 104% 30% 29% 105% 303/fl 303/8 307a 19 19 19 293/4 29'/4 1872 *18'% 22 5/8 22% 93% > 2374 237a 23% 2374 94% 927a 93% •927a 77a *774 77a 774 *8472 87 *1872 20 18% 18'% 337a 33 33% 165 7 87 *164 87 *E6'% 165 19 33 333% *163% 1372 *13 1372 *13 *70 74 *70 75 *70 127a *878 5872 13 9 .7, 58% 59% *123/4 1372 *83/8 9 88 19 :// *12% 58 30 *1874 77a 23 8 1641/2 v 307a 29 >/4 10572 *93% *778 323/4 30% 297a 105'A 10574 93% 2974 29 *1043/4 / f 58'% *13 *8 7a 165 *86% 19'% p 33 *163'% 307a 1,200 297a 23,100 106 30% 19 237a 93 774 88 60 9,900 200 2,500 50 500 10 19% 400 337a 6,000 165 13% *13 *70 20 1374 75 75 5874 13% 9 57'% *13 *8'% 58 1374 9 No .par *50 No par 52'% *50 52'% *50 52'% *50 52% *29 297a *29 297a *29 297a *29 297a 1,800 200 Volume 170 Number 4837 THE Buitfti Pmltu '.1 Yea* 1048 Leweat • ' * <■.. YY': YORK 21% Jun 18 Peb 24 29% 36% Jan 30% Jan 3 33% Aug 10 Pacific Finance Corp of Calif Pacific Gas A Electric 50 6 54 Pacific ^47% MaT 29% ,89 Dec Dec , 130 Y 55% July 44% July > 104% Jun Nov 147 3 % Dec Not V 4 89 6 347/8 July 20 v 103% Sep Sep - 9 5 Apr 2% Jun 1 4% Jau Nov 29% Jun 13 43% Jan 10 Jan 3 Jun ■ 10 46 Feb 66 Oct Oct 100 May 49 % Jan 95% Jun : 5 23 ' Packard Pan 3Y Panr American 6% Feb 11% Jun 5% Jun 13 Dec 28 May 15% Jun 14 : Jan 105 Jun 102% Feb 8 26% May 18% Jun 14 97 18 % Feb Z 2 B~f Feb Motor American Mar 23% Dee 3% May 33% Jan 24 Mi NOT 30% 6% Mar 9 16% Feb 3 Car 2% Feb Park 26% Aug 3 7% Jan 7 July 19 1 Rust Patlno Jan 8 4 Dec 37 Jan 38% Feb 49% Jun 15% Jan 8% Dec 15% Feb 27 Dec 109% 16% Dec 35% Nov 34% May Dec 16 Vb 21% Oct Dec 112 A 6 19% Jan 10 27% Jan 31 33 V4 Aug 3 42%.Jan 3 51% Sep 2 14 10% Feb 3 Penn 17% Feb 20% July 167/8 Jun 29 20 22 % May 48 Apr 14% Jun 13 17% Jan 32 13 Jun Feb Apr 104 28 Dec 45% Jan 29 Jan 3 86% Feb 99 96% Feb 9 9% Not 20% May 24% Jan 7% Not Dec 98% Oct Oct 30% Mar 28 May 104 102 9% Jun 14 17 Jan 3 31% Aug 6 51% Jan 19 Pfixer 36 V4 Jun 7 53% Jan 21 Philadelphia Co 6% $6 preferred 20% Dec 22 Not 104 Jan 25% Sep 90% Mar 24 102% Aug 3 24 *102 Va 103 % 23% Jun 8 103 Va *102% 103 Va 20 20% -19% 20 Vi 19% 20 19 19 *18% 19 *18% 19 *18 *36 40 *38 39% ♦38% 40 *38 2 2 1 STOCK STOCK EXCHANGE * 26 y4 May 16 Electric 1% 28% 28% 28% 28% 28% 26 25 Ys 25% 25% 25% *6% 7 9% 10 LABOR 5" ~ 5 DAY 25 ■ ' Y Y *6 ;YY YY 6 6 Co 4,200 29 2,500 25% 600 100 7% *7 10% 10 6% *6 100 —. 2 7% 10 Vb 10 9% 6V8 *7 7 7 12,100 19 25% 29 26 CLOSED j 19% 39 Va • 28% 1% EXCHANGE CLOSED —. - 2 2 2 19% *6 10 1,200 6% 300 . 15% 15% 15% 16 16 *15% 16% 600 31% 15% *30% 31 31% 31% 32 *30% 32 600 x51 Va 51% 51 Vb 51% 51% 10 *8% 9% *8% 9 *8% 21% 23% 26% 28% 108% *107 28 % 108 9% 2,500 ICO 28% *25% *108 108 3,300 22 21% 22 *25 % 108 *8% 9 21% 22 21% 217/s *25 *107 51% 51% 51% 100 110 No par 18% 18% xl8% 18% 18% 18% 18% 18% 5,500 .50 14% 14% 14% 14% 14% 14y2 14% 14% 11,200 *39% 4iy4 100 10 x34% 111 10Q> «. America 40% 40% lll'A 111% >•34% 35% 100 117% 2,900 *34% 106% 12 9% Y 8% Y "" 8% 25% *24% 106% *105% *105 106% 25 46% 41% 50 101 12% 30% 47% 46% 41% 41% 54% 100% r 900 101 41% 6,400 850 54% 54% 101% 54% 54% 101% 1,900 47 41% 42 54% 900 30% -30% 46% ; 101% 54% 101 14,700 12% 12 30% 46% 41% 41% 54 No par 8% 25% 107 *12 12 30% ' preferred ' 11% 30% 307/s 50 *8% i; 9% 46% 12 y8 30% *46 1 115 Y 8% *8% Yi 8% *105% 114 *24% 9% 26 *25 . 35% 112% 8% 8% *105% 35% 112% *8% 9% oc. 5 41 111 *34% 111% 34% OS No par 112 *110 111 ♦8% 8% ♦ No par *40 ♦110 41% *40 / 112 *110 101V2 130 No par common 22% 22% 22% 22% 23 23 VB 23 23 Vb 5,700 *24% 24% *24% 24% 24% 24% 24% 24% 500 115% 115% Jun 6 115% Aug 17 |1 conv preference com—No par 4.4% preferred 100 ;t *114 115% 115% 115% 115i/2 116% 50 Jan 103% Jun 98 Jan 7 104 3.8% preferred 100 Y *100 102% *100% 102% *101% 102% 102% 102% 300 Sep 111 V Jun 105 Apr 8 110% Sep 4.3% preferred 100 *110 1101/2 *110 110% 110% *110VB 110 % 91 103% 110 Vi Apr Aug 8 14 Jan 21% Nov 11% Jun 28 19% Jan Phlla 28 Jan 45% July 22% Jun 28 40% Jan pnilco 81 Sep 91 July 80% July 11 4 25 % Mar 39% Dec Jan 97% Jun 93% Jan 82% Not 48% Sep Philip Morris A Co Ltd 4% 102 % Aug 24 3 88% Oct 11 Dec 13% Sep 10% Feb 10 12% May 14 87% Jan 87 J/4 Aug 18 90 Feb 11 54% Jan 92% Aug 77% Jun 51% Jun 14 64 Apr 19 10 Dec 7% Sep 8 11 Mar 30 14% May Jan 88 92 y4 Aug 6 A Reading Coal 61 Iron Corp common 3%% preferred series A 88% Feb 37% Jan 87 Year 1048 $ per share t per share 30 Dec 34% Jan 98 Mi Apr 103% Jan Jun 113 110 10% Dec 80 y4 26 .. Sep 15% Dec Jun 26 f per share ■i. 32% Aug 26 vvY'Y 13 100% Jan 5 105% Apr 4 22 100% Jun 22 Pitts 14 % Mar 14 Pitts 11 Jan 3 *921% No par 56% B YORK PUlsbury Mills Inc Saturday Monday ; Par . t per share $ per share 103 RR 100 Coke A Chem Co com__No par *90 100 *90 Apr July Jan 20 149 Aug 31 156 % Jun 28 170 Jan 26 Jun 28% Jun 13 x35% Sep 7 v7% Nov 10 Jan 6% Jun 13 8% Jan 7 7% Jun 14 15% Jan 7 10% Feb 20 Jun Jan 170 Dec 73% Feb 96 70% Dec 15 Feb 145 Jan 140 26% Dec Apr 7 175 Oct 65% Jun 21 88 82% May 26% Oct 59% Sep 8 14% Jun 15 161 4 July 46% Julv 9% May 33 Jan 12% July 70% May 29% Feb 46 11% Dec 12% Jan 16% May 14% July 57/a Nov 22% 62% 18 81 Mar Jun 135 May 18 Jan 24 71% Jan 27 147 Feb 24 1 29 Apr 4 24 11% Sep 8 36 % Feb 11 32 Mar 3 50% Apr 18 42% Sep 9 136 Aug 12 Xl9% Jun 14 8% Feb 21% Jan Pittsburgh Screw A Bolt Pittsburgh Steel Co com ; 7% 5% 14 12% Mar 30 Poor A 21 Potomac 4% Jun 13 14% Aug 26 8% Jan 24 Co 7% 8% 1 21 Feb 71% Jan 571/4 Peb 26 69% Sep 1 28% May 14% Jun 14 22 Feb 2 Publlcker 94 Apr 85 Jan 14 90% Mar 17 39% July 24% Jun 38 Jan 3 20% Jan 25% Jun 3 13 24% Aug 25 23% Aug 8 Pub Serv El 30% May 53 Jan 30 Vb Feb 25 37 Pullman 42 May Sep 24% Jun 14, Pure Oil (The) Jan Deo 25 Dec 32% Nov , 28 45 Jan 24 Sep 1 Apr 30 Pressed Steel Car Co Inc 4%% conv •4.75 Public B1.40 dlv Co of A Gas ' 140 V- 20 ~30 140 140 700 22% 22 21% 22 Y/ 11% 11% 11% 11% *11% 43% 44%: 43% 44% 43% 43% 4,700 .42% 42% 1,000 : ; 300 12 42% 42% 10% 10% 14% 14% 14% 14% 1 5% 5% 5% 5% 5% 5% YY 5% 5% 23% DAY Pi: 200 •10% / 10% 23% *23 V4 69% 691/2 68% 69% 68% 69% 68% 15% 16% 16% 16% 16% 16% 15% 16% 86 3,000 Y, Y 68% 5 86 No par *23 *85 Colorado—20 44% .No par 23% preference com__No par No par July 25% Jun 17 July 11 29% May 9 5% conv preferred Purity Bakeries Corp 17% Dee IBttMay 15% Jun 15 20% Jan 14 Quaker 8tate Oil Refining Corp_10 Jun 9% Jun 28 14% Jan Radio Corp of America com—No par 23% 86 *23 •85 23% *23 *85 VB 86 86 44% 44% 44'A 44% 44% 44 "Vb 1,100 3,200 > 2,700 20 , > 2,200 23% 23% 23% 23% 23% 23% 23% 28 28 % 28 28% 28 28% 28% 28% 32% 33 32% 33 32% 33 32% 32% 5,800 5,200 4,800 , 29% 29% 29% 30% ♦108% 109% X107% 107% 27% 27% 27% 27% ♦18 18 Va 18% 18% 19 $11 30% 107% *27% . 30 % 30% 12,200 107% 30% 100 No par I t; 44% No par common no >, 21% 14% com com 900 16% No par Inc 800 : 60% 42% 10% SI 4 *60 *15% 14% Feb 32 % Apr 71% 42 % Feb 109 *135% *71 71 •10 % Feb 6 43% 8% 21% 22 42% f ■ 145 14% 101% Jan : *15% 140 . *130 16% 59% 16% *135 140 ,11% 61% *16 ; 71 3,900 7 60 Y 71% Y'' *"70 35 8% 9 OV 145 Y- •59% 16% 11% LABOR 8% *130 163 . 10% x25% 107 61 *21% 8% 145 7 7 70% 72 *135 7 42% X25 108 % CLOSED 7%"; 100 v. 153 34% 14% com preferred Service EXCHANGE CLOSED 162% 10% preferred series A—50 Industries cum *130 14% *147% 35% 2,600 277/b ,. 162 10 83 27% *14 41% 1 Inc 32% 20 Mar 22 EXCHANGE 8% 81/4 *82 V4 Y 153 34% 30 500 11%.- 11% 11% *160% : 35% Y ; Y\;< 10 Procter A Gamble Feb 71/s *15% STOCK *7 145 •59% STOCK 100 700 104 100 v. No par class B Electric Power Co Nov 5 x35 35 *70% 100 8 11% May 35 % May 163 *130 *90 Shares 30% ♦30 *147% 153 *160% ;Y Pond Creek Pocahontas 87/8 Jun •147% 34% yy Plough Ino Plymouth Oil Co 127/s Apr 153 163% . -.100 preferred class A 14% *149 No par 6%% 1st ser conv prior pfd—100 Pittsburgh A West Virginia 100 Pittsburgh Young A Ash pfd 100 Pitts ton Co (The) 1 # *13% *1,61% No par preferred class B ♦90 tha Weak share *103% 104 ♦103 14 281/4 39 Mi 30% 83 28% •13% 142 104 V 100 < $ per $ per share 30% Sales far Sept. 9 Sept. 8 \ 31 Y Friday Thursday 28 1 Pittsburgh Forglngs Co 1 Pitts Ft Wayne A Chic Ry com—100 7% gtd preferred ^00 Pittsburgh Plate Glass Co lo 169 200 14 83 Pitts Consolidation Coal Co 7 Dec 7 Vb 28 83 7 Dec 7VB *82 2 Feb 7% 14% Feb Jan 16% Jan 30 7'/b 28 85 32 7 157 8% 83 15 13 No par 5,500 28 Jun 107/8 Jun 10 57% *82 79 24% Jun 300 90 :'57% *11% Jun 11% 90 57% 11% July 94% *11 Y 57% ♦11% July 7,600 57% 11% 11% *92% IIV2 90 20 Y 48% 102 *101% 94% 11 »/2 *89 ' •'•'48 Y PRICES 30% *103 36 Mi 138 :,Y 48% 102 *92% 11% 90 I per share 103 93 preferred 94% 87 *86% 87 48% *101% Sept. 7 31% ' 31% \ Y 102 Wednesday I per share 25 common.. *86 86% 48% Sept. 6 No par convertible 48 •7% Tuesday Sept. 5 C C A St Louis 15 5,100 57 8% Feb 23% 155 2,100 11% 57% Mar 12% 15 27% *89 Sept. 3 preferred S4 14% 27% LOW AND HIGH SALE STOCK ;;XY:yy yY Y\ 14% 27% *92% 111/2 90 Yj *7 % 14% 27% *101% 94% 11% 20 14% 27% 85% : 102 *88% *115 27 / 85% 47% 47% *101'/4 EXCHANGE Jun 100% Jun 5 STOCKS NEW High*** I per share *84 100 100 preferred Phillips Petroleum Phoenix Hosiery Range Since Jan. 1 Leweat High est 26% 110 14% 14% 26% No par 100 6% ■ 14% Y A00 common 3.60% preferred Phillips Jones Corp com 1 1 3 preferred WUusge fer Prerleiu Lowest - 103% Brewing Co (Chas) A Co Inc Phlla May 17 30 ♦102 Va Pf elf fer 3 20% Jan Corp of 700 1,400 102 6 _1 Phelps-Dodge Corp 55% Aug 11 X48% Mar 30 102 *102% Y, Y'-1 100 40% Jun July 102 102 102 < 7,000 'Y 56 Va 56% *101% 300 •' 33 %c 17% 59 56% 4,900 common 64% July 65 May 104% May 34% Jun 55 Ye 6 % preferred Petroleum 102 27,500 8% 14% 18% No par Peoria A Eastern Ry Co 20 y4 May Dec ' 56 8% 18% Pepsi-Cola Co—. Dec Feb ' 7 2 Feb Dec ■' 14% ♦55% 55% ' *100'/2 *14% 8% 14% 8% 14 14 4 3% 4 1 8% ■ 8% 8% 14% 6% i Feb 93 >. 3% 4 x3% 4% 8% 14% ' 2,100 18% Co RR 9% 48% •' 54% ... Y •' 600 38% 6 Vb Light Co 44% 40% 4 Vb ■, 60 3% 38 38% 38 33 Vi 3% 3% *18% Corp 19 3 3% Y :V : Y 100 14% Jun *3% No par Coke 11 4%% 3% 38 680 147 30 6% preferred Apr 105% May 16 12% Jan t 5 3% 38 % 2.0CO 102% 147 31 ♦146% *3% Y 30 Va 102 % 147 102% 146 % 18% common Cement Co 102 % 146 % 30% 1,900 6% preferred Milk 30% 101% 146% 52% 103% 30% 30% 101 200 5,200 52% *18% Pennsylvania Salt Mfg Co com Pet 53 6% Enterprises 25% Sep Jan ::'' ' 2.50 11% Jan Mar 11 'Y: ' 3%% conv series A pfd 100 Peoples Drug Stores Inc 5 Peoples Gas Light A Coke,.—.100 9 52 VB 18 Va Co 12 3 8% Jan 21 A Pennsylvania May 16 117% Sep YY:-'- No par Penn Power A 7 52 52% G1*js Sand Corp com—No par 5% May 18 36 7% May 31 Jan 1 43 Aug 18 111% Aug 24 103 22 Penn Mar 52% 52 ■ *37 No par prior Penn-Dix'e 111 120 conv 28% Jan 21 6 16 Y 33% XI8V2 Mines Fenlck A Ford 23% May 14 5 23% Jun 106 • Shares 20% 33% , 1 Penney (J C) Co 7% Jun Jun Jan 33% 1 Proof Peabody Coal Co Coal 33% ;1YY' 6% __ Transportation Mines 5% 33% 20% 100 __ 15% Sep 27 : 1 Inc Consolidated Parmelee 14% Jan 18 9% Aug 30 5% Aug 31 Parker 20% 33 the Week share No par Parke Davis A Co 30 2 •20 33 % 146% 2% preferred Pictures Utah 20% 30 Transp...5 Park A TUford Inc 281 20% •20% '100% No par A When issued 3 Jun convertible Paramount 15 23% Mar ' 4* 7 24% Feb 21% July 7 42 % Mar 30 9 24% Jan x6 May Jun 4 1% Jun* Jun 10 Aug Y : 1 10 Airways Corp Petrol 9 per share t per share share . 100 Panhandle Prod A Refining Parafflne Cos Inc com 7 104% Jan 6 37 May Sep ' 10 Jan ,■ Panhandle East Pipe L com„No par 4% preferred 100 14 8% Apr 20 - 19 34% 59% Apr : ' 3 102% Jan 27 18% 21 Sales fer •* Sept. 9 9 per *19% - No par ' 92 S per Friday Sept. 8 Sept. 7 32% 10 Pacific Tin Consolidated Corp Pacific Western Oil Corp 8.' Jan Sept. 6 t per share Thursday Wednesday Tuesday Sept. 5 f per share 2B preferred 16 4% Jan 8 12 Monday v- No par 10% Apr 3% Jun 13 11% May 21% Jun 13% Mar Lighting Corp Pacific Mills 6* 8 6% 1 Saturday Pacific Telep A Teleg common—100 8 147 FebY 7 135 Mar 14 Jan Jan , Dec 8 Mi 27 Vb Jun Par 14 62% May 5% May t- 39 Mi Jun. f per share Apr ' . Sept. 3 15 Mi Mar Not -♦ < « $ per share 21 (997) LOW AND HIGH 1BALR PRICES STOCK EXCHANGE I per share 1 per share CHRONICLE ' NEW Highest Leweet FINANCIAL & STOCKS Range Since Jan. 1 Highest COMMERCIAL *107% 108% 300 27% *27% 27% 200 19 *18% 19% 200 40,000 R 7% Feb IB 63% Peb 67/b Oct 75% May 11% May 89 NOV 08% Jun 92% Jan 25% Dec 347/8 Jun 23% Jun 14 22% Feb July 35 May 27% July 21% Jun 14 26% Jun 17 17% Jun 14 31 Jan 16% Feb x36 66% Jun 14 x7 15 Jun 4 7% 7% *99% 100 Va 100% 100% *99% 100% 99% 99% *26% 27 % 26% 26% 200 30% Feb 24% 25% 25% 25% 1,600 34% Feb 23% Jan $2 preferred Reading Co common 30% 29 Jan 13 43 31 Feb 39 Jun 28% Jun 29 36 Dec 15% May 7 19 Jan 10 4 Jan Deo 18 Dec 14% 17% Deo 4 Dec 25% May 13% May 18% Jan 8% 6% Jun 14 Dec 66 50 Dec 15% May May 11% Jan 14 13% Apr 23% Jan 14% Sep $3.50 4% 4* 52 8% Jan Aug 78% Dec 99 Aug 10% Dec 29% Jan 6% Feb 2% Dec 5% Nov For 13% May 4% Jun 29 Aug 8% Apr 73 Jun 3 26 8 8% Jan 27 50 1st preferred 2nd preferred Reeves Hosiery Mills Bros com div prior preference Reliable 54% Feb Reliance Mfg Co common Conv pfd 3%% series Apr 2 9% Jan 24 3 10% July 29 Stores Corp Remington-Rand common 17 83% Feb 3 6% May 31 4% Jun 6 12% Jan 8 Reo 8% Jan 7 Republic Aviation Corp Republic Pictures common $1 convertible preferred 3 3% Apr 8 4 9% May 2 24. 26% *26% 24'/a 24% 31% 31% x31% 31 VB 19% 19% 19 Vb 50 *37 38% 50 24% V •37 38% : ♦31 19% *37 ♦31 $4.50 preferred Motors inc 70 30% 300 19% ♦19 19% 200 38% *37 38% 32 *31 32 31% *30 32% *30% 32% ♦11% 11% *11% 11% 11% .11% 11% 11% 5 *18% 19 Va ♦18% 19% *18% 19 Va *18% 19% No par 13% 13% 13% 13% 14 % 50c Inc 27% 26% 24 VB *19 ♦70 13% 10 *6% No par *21% (Robt) A Co— $1.25 22 5% Jan non-cum Silk 25 Reed Roller Bit Co 2% Jan page non-cum Real 5% May see preferred 25 11% May footnote# 1st 16 ReIs 8 40,500 7% Jun 11% 600 7% 8% 36 3 70% 71% 8V« Apr 14 11% 70 71% 8% 45 Jun 11% 11% 70% 8% 9% Apr 100% Sep Feb 10% Jan 11% 72 11% 70% 74% Jan 22 36% 18 11'/a 11% No par Radlo-Keith-Orpheum Corp. 1 Ralston Purina Co 3%% pfd 100 Raybestos-Manhattan No par Rayonler Inc common 1 T —5 *7 —100 x50 —50c 9% 7 6% 22% ♦21 7% 7 50 9% 50% x9% •79 6% ♦6Va 22% •20% 22 Vb 7% 7% 507/b 5074 7 50% 9% 9% 82% •79% 7 97/b 82 14 *6% ♦21 7% 50% 9% ♦79 V4 14 % 7 200 2,700 100 22% 7% 51 9% 400 140 7,100 82 25 *80 Va 82% 1 8% 8% 8% 8% 8»/4 8% 5 5 5 5 4% 5 Va 4% 27/B 600 8% 600 1 50c 10 2% 2% 8% 8% 2% x8 •8% 2% 2% 27/b •2% 8% r8Va 8% 8% 8% 5 600 2,800 CHRONICLE LOW AND 8TOCK8 tup for Previous " Lowest 8 f per share 33% Feb 22% Lowest Highest t per share Jan Dec 21% May Feb 4% Dec 19 % 8 1 Apr 5 98% Aug 29 104% Jan 11% May 33% Dec 41% Jan 43 Dec 50 Jan 80 Oct 94 Jun Deo 102% Jan 103% 99% Jan 2 Dec Dec 12 28 Mar 103% 31 Aug 5% 92 Jan Aug 4 Va 7 7 6 Reynolds 42% Mar 39% Sep 49% Sep —10 49% 85% Jan 3 98 Aug 18 Preferred 3.60% series 100 *95% 4 107 Mar 25 Preferred 4.50% series 108 106 13 13% Jun 24% Jan 3 15 y4 Jun 21 7% May £3% Jun 7y4 Jun 10% Feb 12 July 29% July *1 19% Jan Sep 5% Jan 5 13 10% Jan jun 23 25% Jan 15 17 42% Aug 18% . Royal 16% Jan 3 27% Sep 8 Jun 109% Apr 27 113% Feb 16 Jun 35 y« May 11 Jan 8% Feb 16% July 48% May 32% Feb 7% Jun 31 Jan 139% May 87 Jun Jan 10.1 78 Jun 8 Feb 79 Feb 13 Jun 67 58 Jun 13- 48 y2 3 42% Jan 122 9 91 26 Jan 25 Jan 19 77 15% Aug 35% May 9% Jun 14 12% Jan 7 25% Mar 22 y4 Jun 14 30% Jan 12 39% Mar 51 May 46y4 Jan 6 88 05 Jan Jun 17 Feb Nov 87% Nov 12 93% Apr Dec 15% 79 Oct 87 13% Feb 26 Vi 44 Feb 62% Feb 20 Va Feb 6% Jun 35% 5 12% 5 61% Sep x96 102 Feb Jan 3 14 5 90 Sep, 18% Jan * 55 11 Jun 16% Jan 4 19% Mar 18 Seaboard 36% Feb 7 48 Seaboard Oil Co of Del Oct 5% Jan 27 Aug 22 9 % 13 9% Jun 14 4% Jun 14 6% Jan 6% Jun 3 11% Jan Jun Jan 77 Jun 13 Jun 24% Jun 13 46% Oct 21% Aug 4 36% 17% Feb 27% Jun 22% Jan 68 Feb 79 Dec 77 9 Dec 15% Jan 12 Mar 14 Oct 4 Feb 42 Va 11% Apr 13 Jan 3 8 per share 3% Dec \ 7% May May 2% Jun 6 Dec '86 34 Dec 44 Jan 29 15 Feb 32 y4 Jun 18% Jun 14 92% J Feb 160 Jun 22 May 31 July 1 97 Jun 14 ; $4.50 preferred Shamrock Oil $3.50 Shattuck 6% Aug 17 4% Jan 12 ,?.V , 127% Jan Apr July 83% May 21 95% Jan 3 10% Jun 7 23 14 17% Jan 7 100% Jan 24 3 4% Apr 16 % Mar 3 88% Feb 26% Feb 26 7 39% Jan Jan 36% Jan 29% Jan 20% Feb 43% Feb 58% (W Feb * 10 68 Jan 24 73 > 9 21 ./ Feb 7 25 20% Feb Aug - Dec 30% Jun 3% July 19 22% Jun 13 14 Jan _ 5 71% Apr 28 13% Jun 28 16% Apr 6 23% Feb 30 95 Nov 85% 60 26% 27 Va 6.000 23 1,800 32% 33 32% 32% 32% 32% 81 81% 81% 81% 81% 81% *81 9 Va 9% 9 Va 9 104 Jan 10O Jan Apr 5 Aug 10 13 105% Sep 1 21% Jan 10 19% Dec 29% Jun 17% Apr 25 79% Oct 91% 82 Jun 9 Jun 13 18 Va Jan 3 f . 9 *13% 13% *13% 36 Va 36% 36% *6 Saturday I per share 6 Va 9 *84 32% 32% 3.700 500 81% 9 , 2,200 13% 13% 13% *13% 37 37 37 V* 36% 37 Va 3,000 6% *6Va 6% 1,400 6 Va 6 6 'Tuesday Monday f per 14 100 2% 2% 25% 25% *29 % 23 105% 2% 3 3 25% 31 *29% 31 *29% 23 Va 24 23% 24 23% 23% 105% 106 105% 105% 700 31 40,900 23% 900 105% *103 19 Va 105% 600 3 25% 25 *25 Shares share •2% 25 *29% 31 , *2% 25 the Week Sept. 9 t per S per share $ per share gales for Friday • Sept. 8 Sept. 7 S per share share Thursday Wednesday Sept. 6 Sept. 5 No p&r 15 *19 —20 19% 19% 19% *19 19% 100 24% 24% 24% 25% 26 26 Va 25% 26 Va 8,500 25 25 24% 24% 24% 24% 24% 3,700 *84 85V2 •98% 99% 12% 12% V I *19 . *84 85'/a *84 24% 85 Va 85% 85% *98% 99% *98% 99 Va *98 Va 99 Va 12% 12'/a 12% 200 16% 23,600 * 12 % * 12% 12 % 20 16% 16 Ve K% 16% 16% 16% 100% 99% 99% 100 >/a 100% 99% 4% 4% 4% 4% 4% 4% 4% 4% 6,400 Carolina E & G Co com_4.50 8% 8% 8% 8% 8% 8% 8% 8% 6,900 59/o ..preferred ———50 5Va$ conv,preferred-, 50 Southeastern Greyhound Lines 5 preferred Southern 25 25 Edison California Southern 5fo Pacific 7.50 Co —— Mobile dc Ohio stock tr ctfs (A,G) $4.50 CLOSED CLOSED 35 % % 43 32% 61% *12 J/4 12% 43 *41 32% 32% 32% 38% 38% 39 Va 33% 800 43 33% 3,900 k 33% 5,800 33% 33 38% 33% 38% 300 35 35 33% .33% 400 12% *41 43 33 % 33 % 33 400 61 61 *12% 34% 34% 35 *40 Va 50 Va *49 50 61% 12% *34% 33 *40 , 12% 800 100 39% 38% 38% 5,300 30 % 29% 29% 2,800 49 % 49 49 LABOR 29% 29% 29% 30 % 29% DAY 49% 49% 49'/a 49% 49% 59 57 58% 59 60 *58 60 11 Va 11% 11% 11% *11% 11% 300 3% 3% 3% 3% 3% 3% 800 *11% 3% No par 11% 3% * *58 ■"/ *4 4% 800. 50 4% 1 *4 No par *69 72 *69 72 1 ; *23% 23% 23% 23% 24 24 23% 23% 600 ——I 25% 25% 25% 25% 25% 25% 25% 25% 2,100 4% *4 preferred 7% 7% 7% 7% 7% No par 5 67% 67% 15% 67 Va 67% 67% *14% 15% 15 1 *28% 28% 28% *28% 105% *104% 20 Va common 15% No par *104% 28% 105% Inc com—No par 20% 20% 20 Vs 20% 89 89 89 30% 30% 31 preferred Brands *4 4% 72 *69 2 Squibb (E R) & Sons Standard STOCK EXCHANGE 50 61V4 50 50 *61 12% X35 STOCK EXCHANGE 1 Squar* D Co $4 50 61 12% 100 & Bros Inc Spencer Kellogg & Sons Conv 50 61 No par Railway common—No par non-cum preferred 100 Spiegel Inc common 64 84 16% 10% Mar 31 29% Jan x84 1,800 2,400 100% Sperry Corp (The) Feb 61% Mar 13% 15 29% Mar 30 21% Aug 13 8 23 1 $5.5o preferred May 74 May 23% May 6% Jun 41% Solvay American Corp 4% pfd—100 South Amer.Gpld & Platinum——1 Spalding May Jan 41 27% Spear & Co common Jan 8% May 41% 23 Bocony Vacuum Oil Co Inc^. 5 73 12,300 41 800 No par Sparks-Withington Co 29% 1,600 22% 100 6% Jan.-' Dec 600 9% 9% 26% preferred 66% Feb Dec 18% 47% 9% 10 13% Jan Aug 18% 47 ; 47% 9% 23% Corp 7 4 15% O) Va Jun 20 22 7% (A 3%% 8% ,8. Jan 7 Jan 26 63 18% 18% *47 27 Par 58% Sep 3% May 23 18% 20 1,100 49 *47% 84 :* 61 Jun 49 1,100 14% LOW AND HIGH SALE PRICES 13 7% 91 14% 23 Sept. 3 45% Jun 10 13% *89 Va 14% 26% Southern Jan >13% 91 *47% "49 13% *89 Va 13% — 84 Southern Natural Gas Co 73 150 27 % STOCK YORK 41 20% May 102 22% 1 May 349% Jan <7 Dec 102 102 — 84 15 34 Dec 9% 30 — 26% Co 14 12% *47% 86 *14 Va 91 20 •>86 107% 22% Pen A) 25% Jun 65% 49% 13% 41% Oil Corp 28% Jan, 3 32% Jun 13 . xl3% 41 Va No paj 50% Jun July *13% *89Va 14% 41% 4.20% preferred 100 Smith & Corona Typewriters_No par 7 w' Aug ,16 , 13% 13% 40% G) 70 i Feb 4 45 *101% 9% pref series A—No par (Frank 62% July Feb 33% 5 , 8, 33% Sep , 100% *9 South Porto Rico Sugar com_No par Aug 80% July 30% July 100% %47% South 44 100 % 90 900 96 85% 85% 9 Aug 8 50 Sep 1 62 Aug 8 14 % Apr 26, 42% Dec 85% *49 Smith (A) & Sons Carpet Co com—20 9 36 -25 ya Mar Smith, 3 17%Jan 36 y2 Mar *85% 13% *94% *106 1 Skelly Oil Co— Sloss-Sheffieljd Steel & Iron-. 100% Mar 25 Jun 53 85% 14% 600 61% 13,700 107 Va 85% 90 U 11 28% *60% . 96 *106 107% *47 Sinclair Oil Corp 98 11% Jun 14 *94% 95 95 *106 *18% EXCHANGE Jan 26 16% Jan 96 18% 24 Dec 45 y3 Aug 60 Oct 61% 47 36% Jan Sep Feb 61 Va 107% 82% 28% No par Corp conv NEW 7 Dec Jun 61 100% Silver. King Coalition Mines —5 Simrpons Co—— —No par Simonds Sa,w & Steel No par 27% Jan 15% Nov 61 18% Sheraton Corp of America S per share 91 11% 60% 46% Gas Sharp & Dohme common Mar 11 80 52 60% 1 — & Steel May 18 3 39 *10% 29 *82% % Aug 7% Jan 13 40 ' Mar 1 10% 28 Va *80 No par 22 Oct 10% 23% 82% 7 Jun 8% 10% 28 *80 4% 39 y2 5% Mar *80 10% 28 Va 82% 11,000 8% Dec May 82 Va 11 v.. 27% 50 6% 8% 27% 97% July 3% Jan. 6% 6% 6% 6% *4 % 21% Jan 26% Sep 31% Jan 24 14 Va Jun 6% 6% 91 a 13 Va 14 Jun 95 *86 ' 8% Jun Jun 34% '95 91 4% 19 5 *33% 95 *86 13% 16% Jun 20 104% 34% *92 91 8% Jun Feb *33% 95 *4% 25% Oet NOV 34% *92 *86 13% 35 Va 3% Nov 100 *34 95 34% 8% Dec 06 .3,000 4% Feb *14% 8% 191 *10% , 150 500 8% .13% 18 i 8% *4 % 23 90 8% *80 STOCKS 25 8% xl3Va 2 t per share 8% 11,800 42 4% Lowest t per share 8% 400 113% 42 8% Range Since Jan. 1 Highest | Hlghestr 42% 110 27 26% *112% 42% 13% Range for Previous Year 1948 27% 112% 42% 8% Shell Union Jun 5 26% 112% *4% 21 30 7% Jan 26% 113% 13% 39% Jan 46% Jun 25% 42% 1 Sheaffer Dec 700 600 4,700 9% 1 10 Feb 50 9% 5 14% Feb 4% *49 Va 9% ■* Servel Inc common 8 28% 49% ;9% Seeger Refrigerator Co Seiberling Rubber Co 33% Sep * 49 10 Va *112% 6% 5 Sharon 10 *9% No par 7 83 49% *48 No par Finance Co— 37% Jan 10 500 7 101% Feb:, 5 31% May 5 8% Jun 13 18% 95 100 Seagrave Corp — Sears Roebuck & Co Aug 17 Aug 18 14% Aug 25 33% Jun A *18% 26 Va 34% ——100 series preferred 18% *86 Seaboard Air Line com v t c__No par 5% 18% *8% (The) common—5 Co 18% 43% 96 Elec 14 112% *106 3.35% preferred 13% 25% No par Scranton 7 14 *42% preferred—————No par Mfg Co 3.65% pfd 100 4.30% preferred 100 6 13% 112% $4 20 Jan 10% No par Paper Co common 47% Jun 10 50 Scoyill 9 Jan 50 10 300 42% 99% 18% DAY 24 99 14 Va LABOR 100 42% 14 13% *23 23% 18,200 42% 42% *99 99% ,14 13 Va 5 100 5 1.75 Corp Jun 104 Lowest CLOSED 18 99% *99 18 Va 3 13% Jun 28 ' Feb CLOSED ,...rNo par $3.40 preferred 8 Jan 83 Scott 13 Sep Arms Savage 106% Aug 26 91% Mar (The) (Jacob) Schenley Industries Inc__ 8 Jan 2,800 99 99 l - St Regis Paper Co common 1st pfd 4.40% series A 7 May 12% July 8% May 24% Nov 30 87 14% Dec 9% Dec 94 Jun 9% Jan 43% Nov Dec 5% 8' July 90 Apr 8% Feb 9% 1 Typewriter. 59% May Mar 31% 1 xl03% July 13 78 Jun 29 94% Jun 30 July 15% Wks Inc STOCK EXCHANGE , 12% Jan 25 13 . Jan 13% May 91% May 8% Metal Art STOCK; EXCHANGE Safeway Stores cofnmon 5 5% preferred w— 100 St Joseph Lead Co 10 St L-San F Ry Co com v t c—No par Preferred series A 5% v t c -100 St Louis Southwestern Ry Co—100 5% non-cum preferred —100 21% 61% 1,600 8% X23% Ruberoid Co 113 4% 8Va 42% Ruppert Sep 4% 8% 23% 12% Mar 12 Feb 4% 42% 55% Jan 39% 4% x8% 23% 39% Apr 25 107% 4% 8% 42% 25 ;_20 _,__100 18% Feb 3 16% 23% Ronson 8% Jan 39% *15% *42 14 Va Sep Jan 39% 16 % *23 % preferred conv preferred series A 700 17% ,40% 16 8% 13 May *17% 17% 17% 40 Va 16 4% 4% 100 320 39% 17% 38% 16 4% 4%% 20 50 *15% 17% 8% Rohm & Haas Co common 4,700 105% 105% 4% Controls 1,600 96% 95% 105 Va 8% Antelope Copper Mines 100 6 39% *95 95% 105 Va 39% ,• 100 *48 V* >50 *48% 1,800 5% 38% 105 % com„1 Roan Robertshaw-Fulton 16 18%. Dec 17% so 20,200 19% *98 5% 96% *95 Xl05'/a 38% 72 Dec 8% Dec *48% 96% *15% 99% Sep Jun 49% 106 . 5Va 39% 39 39% 50 95 5 19% 100 1,500 12% 19% 99 5% No par 27% May Mar 54 1 39 39% 19% 6 8,100 , 102 *94 5 99 19% ;99% 5% t'j 12% 96 4% No par 21 10% Jun 13 96% Apr Co 19% *100 12% *94 4% Shares 19% 19% ioi >: 12% Richfield 12 23 — 95 *99 6 39 101 Ritter Company 1 Jan Common Rheem Manufacturing Oil Corp 13 40 % 21 Jun - 36 , Tob class B (R J) 101 the Week Sept. 9 $ per share 19% >19% - Sales for Friday v. Sper share 12% 4% 19% 99% 6 -1 —10 19% 12% i 4% *93% 100 3 Jun Sep 4% Thursday Sept. 8 95 19% 34% Jan Jun Feb convertible preferred 5%% *98% 94 Reynolds Spring Co 24% May 4% 3' 103% Feb , 93 V/- X19 Va 101% 12%."'. 12 Va 1. ' 1 $ per share 20 *99 Va 6 49 6% Jan 19% Republic Steel Corp com No par 6% conv prior pfd series A 100 Revere Copper & Brass com—No par 5%% preferred 100 Rexall Drug Inc -2.50 No par Reynolds Metals Co com ' Sept. 7 $ per share 6% Jan 28 Dec 18 " 26" 5% Apr 23 t per share 14 15% Jan Dec 110 $ per share PRICES Wednesday Sept. it 4'/a Jun 17 % 17 Par 7 16% Jan 18% Jun May 29% NOV 91 27% Jan 15 10% Jun Oct 102 13 Sept. 3 HIGH SALE Tuesday Monday Sept, 5 Saturday t per share share Jun STOCK YORK EXCHANGE Highest 91% Jun 13 111% July 15 per 17 Oct 103 82% NEW Range Since Jan. 1 Year 1048 Monday, September 12, 1949 ^ 105 72 *69 8 7% 8 67% 3,000 *370 67% 67% 15% *88% ... 14% 28% 28% 105% 104 V* 104% 20% 20% 900 15 Va 29 20% j 90 4,000 88'/a 40 31% 6,600 129 % 500 88 % 89 300 - 17% Nov 86 Feb 109% 3 97% Feb 89% May 12 32 % Aug 19 130% Aug 15 121 Oct 109 Jan 4 54 y2 Jan 145 ? 73 Jun 55 Jun 13 36% Feb 68% Sep '1 53 Jun 36% Jun 14 43 Va Sep 74 % Jan 7 Standard Oil of California—No par Standard Oil of Indiana 25 7 Standard Oil of New 67% 68% 68 % 69% 26% Jan 7 Standard Oil of Ohio common—10 25% 25% 25% 25% 25% preferred series A 100 Steel Spring common—1 convertible preferred 50 100 Va 100% *100Va 100% 15% 15 Va 15 Va 42% *41% 42 Va *30% 31 27% May Oct 69% Feb 23% Oct 92% jun 11% Feb 38 Feb 36% Nov 11% Mar 32% Mar 88 Feb . 60% Jun 13 35 Nov 89 98 % Jan Jun 20 Jun 97% Jun 96 V2 May 15% Oct 12 Jun 14 43% May 41% May 40 Jun 7 x27 Jun 15 13 9 15% May 39% Jun 35% Jan 3 97 94 6 jun 23% Dec 12% Feb 36% May 16% May 9% Dec 18 Jan Dec 20 Jan 10 July 12 Jan 24 % Jan 3 9% Jun 17 9 Va Jan 3 15% Jan 4 Aug 16 1007/a Sep 31 16% Aug 8 44 Jan 24 38% Jan > 13 18' 41 % 100 31 Jan Aug Jan 7- 2" 27 Aug 17 14% Jan 7 13 % $3.50 preferred No par $6 prior $7 prior preferred preferred Jersey 128 128% No par 142 142 25 3%% Standard 4% Starrett Co (The) L S Sterchi Bros Stores Inc Sterling Drug Inc common 3% % Stevens (J P) No par 1 11% Jan 16% Mar 18% July 29 V* Jun 6% Nov & Co Inc Corp Dec 98% May 70% Nov 50 % Mar 113% Jan 120 July 9% Feb Deo 21% Jun 18% Dec 26% Jun 5»4% Mar For 43 footnotes July ses page 61 Jan 17 9 Jun 14 11% Jan 8 15 July 8 16% Jun 13 17% Jan 13 36% Feb 24 14 120 prior preference Sunbeam 43 8,500 15 100% 15 Va *100 Va 15 69% *41% 42% *41% 42% *41% *30% 31% *30% 31% *30% 11% *11% 11% *11% July 6 19% Sep 9 49% July 13 Co Corp common common Class A 4% % pfd Sunray Oil Corp common 4%% preferred series A 4%% preferred series B Sunshine 400 1,200 11 37% 38 *98% Biscuits ■ V 300 11% 100 3,300 30% 29% 29% 11% 11% 11% 12 11% 11% 12% 12% 17% 12% 12% 17 Va 17 Va >• 17% 17% 17% 18,700 22% 12.900 12% 37% 100 37% *98% 37% *98 % 100 12%' 12% 12% 17% 17% 17% *17 37% 100 20 *17 17 17% 16% 17% 17% 21% 22 22 22% 22 V* 22% 22% *36% *36% 37% 37% 1 No par 7% *95 37% *36% 37% 7% 7% 7Va 96% *95 Va 97% ■ ••:?:. 7% 7 7 Va *95% 97% Inc 100 1,000 95% 95% 10 60% 60% 1,100 *118% 119% 20 10% 10% 8,300 16% 16% *16% 19% 19% 19% 19% 48% *48% 48% *48% 10% 10% 10% *16% 16% 16% 16% 19% 19% 19% 12.50 48% 49% 48% 10% 300 60% 25 25 60 1,900 119% 10% 118% *118% 7Va,•••..• 2.000 60 % 59% 100 1 60 37% ■v 2,900 119% No par 118% ... 30% 30 No par Corp $4.50 series A preferred Sun Oil 4,400 15 Va 15 11% 37% 16.900 25% 100 Va 69 % 31 *11% 69% 25% 100 Va 69% 26 1 Corp Chemical 42 Va No par Stone & Webster Sun 5,600 43 Va ' Apr 13 117 15% May 17% 52% Feb 10 9 68 Va 42% 30 7 Sep 1 7% July 27 67% 43% 11% 13 38 68% 42% 30% 6% Feb 95% Sep 1,000 ^ < 42% 11 Va Studebaker 8 144 68 42% 30% 24 Jan *142% 68% 5 10 90 142% 67% 15 16% Feb 11% Jan 91% 142 Va 67% *98% 12% Feb 25 8 129 142% 67 Vs 37% Stokiey-Van Camn Inc common—1 Aug ,v *128 5 Aug '2 17% July 29' 17% Sep v 9 5% 142 129 128% *127 31 Va 31% 31 100 preferred Stewart-Warner 30% No par 28% Jun 15 *88% r Standard G & E Co $4 pref—No par 61 119% 10% 17 900 19% * 1,700 48% 500 COMMERCIAL THE Number 4837 170 Volume YORK NEW Range Since Jan. 1 "Year 1948 Lowest Highest t per share j Mar 13% Dec 31 Dec Jun 19 % 127 Jun 44% 8V4 Nov 16% 36% 22 Jan 17% Feb 26 Jun 79 Dec 91 Aug 7% Feb 14 Jun 14 8% 17 y8 Aug 12 Sutherland 7 26 Paper Co__ Sweets Co of America (The) - '9% 9% .>9% 33% •" 4.16% 9%*' 9% '33% 33 % 33% 8 - ' "« 8 29 4% Mar 7% May 3% Jun 9 Swift 7 Sylvania Elec Prod Inc com__No par 17% 2 preferred Symington Gould 77% ■■■77% Mar 89 Ltd 5% Jan 14 No par $4 7 Corp Shares 9% 7,800 100 34 1,100 8% *7% 8% 29% < 1,500 34 34 29ya 10% 29% 29% 10% 10% V 10% 400 3,400 4,300 , ' '■17%' 17% ^4% 1 9% *9% *7% 7% 8 •' 29% io%;. 10% 29% 10% Swift * the Week 162 *155 9% 34 17% 17% 17% 17% 77% 77% > 76% 77% 76 % 4% 4% 41/4 * • *4Va 4% 17% " • 76 y2 Sep . 9% fo* Sales Sper share 9% wl62 9% ■■• V * ; 29% /'>• 10 25 25 <24% Jan '5 *157 162 5 9% i. ' 10 Co 23 • 21 International 9% 9% 9% *156 160 160 Friday Sept. 9 $ per share $ per share share $ per $ per share share Feb 32% Jan j12 . & $ per Thursday Sept. 8 Sept. 7 Sept. 6 50 Jan '36 25 27% Jun ;v< PaT Sept. 5 —10c 25 Superior Oil of California Superior Steel Corp 9% Apr 17 Jan Dec V 14% Jan AND HIGH BALK PRICES Wednesday Tuesday Monday Sept. 3 Sunshine Mining Co 11 Jan 168 (999) RECORD Saturday fper share 15 30% Jun Jan Dec 8% Jun 8% Aug 30 « Jon 28 Va « STOCK CHRONICLE LOW STOCK YORK EXCHANGE 10% Apr 14 7% Mar 25 11%.Mar 235 NEW Highest I per share $ per share Dec 140 FINANCIAL STOCKS Range for PrevloiM Lowest & 6,100 720 77 4% 200 3% ' 1,500 11% 4 200 •.T ■ ' ; ... 9% Mar 3% T 11% May De<j 5% 9% Jun 14 2% Jun Jun 6 Talcott Inc 11% Aug 18 4% Jan 14% Mar 19% May 13% Jun 14 17% Aug 11 Tennessee 52 Nov 67 48% Jun 13 60 15 V\ Nov 47 Feb 25% May 71% July Corp Corp *10% 9 5 .—_5 (James) Telautograph 7 —, Jun liy4Jun 14 Jun 7 Texas Co— 17"% Jan 14 56 Sep xl6% 7 Texas Gulf Producing Co Gulf Texas 19 Nov 25 Oct 16 Ye Jun 14 65% Aug 18 23% Jan 7 29 Feb 33% Feb <7 48 Apr 25 45% Dec 48% May 65% May Jun 16 46 Jan - 10% Dec xl4% Dec 5% Dec 12% 24 : Dec 25% 20% May Apr 5'/4 Dec Dec 47 Ve 13% Apr Apr 24 4% Jun Jan Dec 19 7% Oct 35 10% Feb 59j/2 May Feb 95% Jun 1% Mar 4% Jan : 20 0 7 90% Aug 2 2% May 23 23% May 19 Jun 19% Jun Jan 10 104% Dec Dec 9% 15% 5% Nov July 23% May 55 14 102% May 3 13 % Jun 13 37% Jun May Jan 10 Jan 10 Jan ; 23% Nov 19 HY2 Jun Apr 13 ,ic%Feb 10% May 6% Feb 11 Nov 107 y2 July 98% Feb 10 103% Sep 8 12 % Mar 19'/a Aug 25% Mar 9% Aug 30 15% Jan 13 96 Feb 1 17% July 8 % 19 V8 Jan 3 31% Dec 36% Jan 32% Jan 6 92 Jan 100% Jun 98 % Jan 4% 24 8% May Dec Jun 5% 32 % 14 y4 Dec 13 Aug 12 3 Jun 4% Jun Jan 8 7% Mar 14 20 29% Mar 14 4% Jan 24 Jan 36% Aug 6% Jan 13 7 3,300 64% 2,100 } \ 22 21% 221% 22 Va 22 % 22 22% 42% 43% 43 43% 43% 43% 2,200 39 39 38V4 38% 300 9% 9% 3,100 (The) preferredRoller Corp *7% 40% 40% 40% *40% 89 89 *89 *3% 34% 34 *105% 105% 105% x!05% 14% 11% 11% 11% 14% / 14% 14% 13 ;.*i2% 13 * *12% No par 7% 7% 102% .1 21% > 21 % par *35% pai 21% i •36% *99 *35% 102 ■ par 6% 6% *27% 27% 27% 7 *6% 50 51/4 9 *5 1 9 2,900 3,600 12% 9% 12 Jan 8% Jun 59 y4 Jun 39% Jun 17 16% Dec Dec 9% Mar Jun 10% Feb ■; 8 * 27% Feb 39% May 37% Nov 43 y4 103 Oct 110 Jun 91 Feb 98 Jun 80 51% Feb 36% Jan Union Tank Range Since Jan. 1 NEW 19% Jun 33% Jun Nov 17 13 112 Jan 6 94 Jan 13 Nov 90 .{an 86% Jan 21% Feb 73% Jun 14 45% 31% Sep 51% July 48 Jan 41% 31 Jun Apr 12 Jan ..■■ 94; 13 Nov 38% July 96% July 25% Jun 79% ■ Jan 42 107 • 10% Mar 17 46 *12% Apr ,6 31% Jan 7 * 7 16 .7 Aug 30 Jan 13 94 Aug 31% Apr 89% Jan * Mar 28 (The) Ddylite Corp Underwood Lowest Highest $ per share 22% Nov 110% Jun 19% Nov Jan 23 % 14 109 10% Jun 13 ( 14% Mar 29 Oct , 25% Sep 61% Jan , 27% 15% 2% 41 Feb 16 36 7% 4% Jan 40% Jun Feb 13 2% Jan 3% Jun 3 9 Feb May Dec 82% Apr 16% Feb 28% Jun 37% Jan 46% Jun 34% Jun Feb 58% May x44%Jun 2,200 21 Va 3,400 36% *35% 10 18% Dec 23 Dec 11% May 21% May • July 18% Feb ■ i ■. 7 500 27% 27% 5Va 5Va 400 ' '500 . 19 16% 3*2% Feb Feb 15% May Jun 101 24% May Feb 92% Feb 166% Nov 8 Dec 17% May Dec 76 54% 19% Dec ■.-, 113% 179 / •I Jun J Jun Jun 6 11 Mar United Gas United Merch July 26 7 28 17% Jan 8 U 13 104% Jan 20 U 185 Sep 8% Jan 24 6 May 25 S S 7% 1 57 Jan 24 % Aug 18 21 U S 36 Jan 15% Jun 13 Sep 21% Jan 11% Jan 3 7% Dec 9% May 39% Feb 53% July 38 58 July 37% May 52% Jan 12 61% Aug 18 U S 19% May 25% Mar U 49 Jan 22% Dec 86 Dec 37% Dec Dec 121 37 V* May 49% May Jan 58 Va Dec Jun 72 Nov 63% 94 137% 7% Jan Jun 3 17% Apr 64% Jan 13 Jun 129% Jun 8 19% Jan 18% Jan 4 Feb Nov -42% May 38% Jan 6% May ,4% Feb 24 37 8% 12% May Dec 85% Dec •t.98% Jun 2% Dec f 6% Jun Dec V34 22 16 : ; Feb 4 Mar 19 Feb 150 Feb 7V!i 42 Deo Dec Jan 8% Jun 80 Apr 2% Jun -21 Feb 72 21% May 19 Aug 5 4 Jan 8 12% Jun 14 -3% Feb 25 19% Jan 17 Jun -15% May May 70 156 ■1 Mar Feb 43% Jan 17 2 Aug 12 10% Mar 30 Jun May 44% Sep ; 5% 87 Jun 23 % 26 14 8 5 10 U 25% Aug 19 17% Jan 7 7% Aug 12 25% Sep 2 Jun 14 170 10% May 18 3 55% Sep 7 25 % Apr 25 U U S Tobacco .7 % 2d pfd—5 No par common—2 1 4% conv preferred 50 Universal-Cyclops Steel Corp 1 8% Tobacco Leaf 4%% 1 com_Nopar 100 preferred Universal Pictures Co Inc com preferred 1 100 Vanadium Corp of America—No par Jun 28 8% Aug 8 11% May 13 Van 21% Feb 26% May 20% Jun 14 24% Aug 19 Van Wall Paper Inc Universal 27% 24 preferred conv Universal Laboratories Inc 15% May page 25 1 Norman Raalte Co Co Inc 2.50 10 400 34% *34% 351/4 34% 34% 300 PRICES *73% 74% 5% $ per share 22 Va 107 *73% 34 " 25% > 25% 25% 1041% 104% 25% 104% 1,600 104% 25% 104% 51/4 1,000 33 % 400 5% 5% 0% 5% 33 % ,33% 33% *32% *33% 34 *33% 34 ,*33% . 2% 2% 45% 2% 2% 45% 451% 2% 2% *44% 45% *45 4% 41/4 4 4% 4% 4% 7 7 7 7 7 7 55 56 *55 57 *55 15% 15% STOCK ■•■, *39 X1S% 22 % 22% *39 7% 400 12% # *21 Ve *20% 23 *20% 23 24% 23% 497a 49 7o 50% 16% 17 22% 22% 1,200 12% 11,000 *21 23 *20i/2 23 25% 24% 97% *97 97% *97 97% 14% *13% 14% *13% 14% 95% 186 *183% 98% 187 *44% 45% *44% 45% 23% 23% 23% 23% 1,000 4% 4% 4% 4% 700 44% 44% 45% 23% 23 % 23% 23% 4% 4% 18% 18% 15 14% "14% 4% *7% 61% 24% *90 % *90% 92 33 33% 33 122% 122% 37% 38 % 36% *69'% 21% .... *135 . ,.:,44 5% , *44 ,'44 5%, ;■ 1,300 81/4 500 2,000 '*85%' *85% 87% >23% 25 14 '6% 7 ' 23% *167 8%r f 25 33% 135 9% .87% ,3% 25 13% 16% • 3% 23 % < 8% •' *44 56% 56% 18 18 17% 1-7% 9 9 *24 • ' 24% *9 24 9% 24 2,100 360 4,100 38% 69% 69% 200 27,900 22i% 22% 135% 135'/4 135% 1,600 21% 20% 21 44% 1,300 *5 44% *44 5Va \ *5 5% 20 100 ' 9% , 10 87% *85% 3% 3% 9% *85% 3% 10 4,600 87% 3% 1,200 25 *13% *24 25 14 *24 *13% 14 100 ' A 6% 24-. *167 8% 8% 56% *56 38% 22% i ' 23% 170 70% 21 ,5% *167 170 2,000 92 122% 38 •<22% . 44% 6% - 24% 33 21% '13% 200 23% *90i% 122 71% 22% *23% *13% 61i% - 135% 3% 3%( 44% 122% *69% „ 44 61 % ,33% "<33% * 3% 92 37% *5 9% 9%, 61% 122% > * 9% ,44% 24% -24% " 373/8 21.. -21% 700 14% 8 % *90 % 92 22% 22% 135 19% 14% 44% <33% 123 *69% 72 •22% 134% 19V4 8 *61 24% 122% 19 14% 8 61% 24% 24% 60 19 45 61% *61 ( 44% ..., 14% 8 8 8 45% 45% 300 7% 7% .*43% 19 6,700 99 *183% *7% 14% 14% 7% 7% *4 11,600 97% 98 7% *18% 25% *97 *13% 186 7% ' : 96% 186 *7% " •>24% *183% 97 ' 96 96 *183% 100 • 23 *13% „ 12% 12% 23 *20% 24% 23% 6,200 24,400 17% ■ *97 ■J 200 22% 16% *21 Va - 1,800 16 Va 39 12% <23 120 56 16 39 12% 12% 22 551/4 16 22 '/a 22% lira DAY 10 53,800 39% / 17 4,000 4 Vo *6% 56% 49% 49% 22 LABOR 2% 4 Va 39% 39 % 49% 17% 22% CLOSED 49% 16% EXCHANGE CLOSED 39% X49 % STOCK EXCHANGE 34 16 15% 150 46 *45 ' 15% 100 74% *5% • 3,000 3,400 12% 32% ; 5% Shares 22% 107 12% 13% 74% *73% 74% 24% *104 32% 2% 13 13, .•7 22% 107%;. Sales for the Week Sept. 9 ' share 22 *107 *73% 24% $ per 22% 12% *33% Sept. 8 107% *,1*7 Friday Thursday - share 21% .<■ 12% No par Co com 50% $ per 32% 2,100 50% *50% Sept. 7 104% 4.200 81 79% 50 % 12% *104 31% 81%' 81% Wednesday share "(24% 40 93% 50% AND HIGH SALE 22% 31Va , - 34% ' ■108 31% . *93V» ■<•,• 12,100 81 79% 51 31 Va ■ : 50% ■ 34% *107 5 100 United Stores $4.20 non-c $6 31% V'.. 21% 100 5o 50 preferred Stockyards Corp United V 31 '/a 79% $ per t per share 10 common 1st preferred non-cum United Dec «ee share Smelting Ref & Min com 7% preferred 3 Steel Corp common No par 1% preferred 100 Feb footnotes Co non-cum U S 9% For I per 1 100 Plywood Corp common 3%% pfd series A Rubber -:?■ <311/4 Sept. 6 1 10 20 10 Playing Card Co S 93% 1,000 4,000 • 97 *931/2 97 *92 Va 1,400 < 111% *llli/4 IIH/2 *93% 93% Tuesday No par preferred 40 97 Sept. 5 100 common common S 14% Oct Co Pipe & Foundry Co 8% Mar 17 29 10% 170 18 24% May 14 ; S 21 29 20 * •>. 26 Jan 140% Jan 3 4% Mar - 4% % Aug 11 Jan 46% Apr 13 140% 8 43 28 20 % Jun 129% Mar U Co & conv Lines S 18 28 133 13 S Partic U '92 Apr 29 31% Aug 12 36 % Jun 14 21 8% Apr 49% Jan 19 13 82 112% Jun Jan 16% May 18 No par No par No par 20 class A Leather Jan Dec 1 1 1 No par No par U Dec 1 preferred Industrial Chemicals 4% 5% Jan Securities U S 11% 8% interest w Freight Co Gypsum Co common preferred : Hoffman Machinery com 4% % 27 of 1st preferred $4.50 May 17 17% Jan Inc U 8 & Foreign 8 Certificates 17% Apr 28 3% Jun 13 42% Mfrs United Paramount Theatres wi 100 Jan 10 6% Jun & 24% Apr 13 23% Apr 18 12"% Jun 43 10 Improvement Co—13% 39% , *92% Monday No par Corp—No par 8 x89 % Jun 175 Co 40 *93V2 34% Cig-Whelan Unite 24 97 *501/2 No par Carton Corp 10 Fastener United-Carr 11% 24 *llli/4 .: 111 111 111 11% 24 V8 93% 31 No par 25% Sep 6 18% Feb & Carbon United 13 * 20 94 Board United 22% Aug 25 24 Jun 18% Aug preferred 39% 38% 43 11% *92% 100 preferred United Biscuit of Amcr $4.50 38% 44 44 24 : 3.100 9% 91/2 9% 39 V4 23% 791% common United Gas Corp Aug 17 54% Mar Corp 7 7 3 40 < 9% Mar 23 u19 %Jun 89 65 2 Jan 22% Jan 22 % 4 % 1 100 101 11% 11% x23% LOW Stores com—30c $3.50 convertible preferred 10o United Corp (The) 1 United Dyewood Corp common 1 7% preferred 100 United Electric Coal Cos 5 United Engineering & Foundry 5 United Fruit Co No par 6 7% Aug 19 7 Jun 18 45% Aug 19 4 % Aug 31 22 48 45 ,14% Aug 12 3% Apr 24 60 7 I 210 9% 43% 43% XIIV2 111 ^ 5 5% convertible preferred 100 United Air Lines Inc common—10 8 - 33% Mar 17 13 55 Aug \ 9.700 103 Va *6% *93V2 Sept. 3 Par Aircraft United Aug 16 38% Jan s 3 2% Jun - Mar 24 7% Jan 13 29% Jan 5 Va July Dec 2% 29% Jun Dec July 3% May Nov 105 Jun,27 4% Jun 28 Jan 38 % Feb 29 - Dec 77 3 19% Feb 103 6% > >- Saturday STOCK $ per share '26% Mar 30 .104 % Jun 90% Mar 19 YORK EXCHANGE Highest 20% July 15 Apr 57% Lowest t per share 30% May - Nov 9% * $ per share Dec 103% i 43% 12 24% ' STOCKS Year 1948 44 38% No par Car Co 9% 9% 23% Rubber Co & ♦ Range for Previous ) '?■ s f f 11% 44 Corp Asbestos Union "t | 8% 1 No par 5 Union Bag & Paper Corp No par Union Carbide & Carbon No par Un El Co of Mo pfd $4.50 ser__No par Preferred $3.70 series No par Preferred' $3.50 series No par Union Oil of California— 25 Union Pacific RR Co com 50 4% non-cum preferred 50 14 ; l4 100 < 21 r 27% 5V4 *5 Vb 11% 14% *100 7 27% 5 y r* 101 *6% ,• 27% 5 . 2,000 9% 35% *100 ; 3,900 7% 211/4 -.35% 36% ,10 141% 37% 103 10 21 Va 21% 102 *100 106% 11 Va 103 Va 10 10 7,300 13% 7% 102% 10 - 121/a 7% ■: 10 10 „ ' 102% 7% ' 102% 102% par (*12% 12% 7% :■= 5 14% 500 14Va :37% 14% 400 ,,<• 37% 14% 37% xl4 11% 14% 23% *105 105% 14% 37% 11% 11 5 3% 34% <23i/a 23% • 37% No par 2 Co———- 23% <•- 23% i < 20 34% . j: 700 90 3% 35 ; * » 40% *89 3% 3% *34 - 34 % , 23% 23% ■■■■•.23% *105% >' 3% 3% 3% 34Va 40% 90% 40 200 8 *7% ,41% 300 16% 16% 8 I 1 ; 3 *2% 16% *7% ; 90% 14%'/ Century Fox Film com_No conv preferred No $4.50 prior preferred No Twin City Rap Transit com__No 5% conv prior preferred 5% 38% • 3 *16% 8 *7% 8 381% ;• $1.50 Coach 16% 40% Corp common— 1 No par preferred Twin *16% 14% 20th ■ 16% 37% Trtfax-Traer Coal Co *4% 38% 38% *2% < > 5 *38 Va 3% —5 — 14i/4 14 5 38% *2% *89 No par Transue & Williams Steel $6 *38% 3% 10 Transcont'l & Western Air Inc *13% *14 if 5% *5 5 38% No par No par Bearing Transamerica 600 14% ;*13% *16% .100 — 6% I 31% 14% No par com 6% *30V4 *13% • ; i i 100 6% .31% < t *2% 1 com 14% *6% • 6% 311/4 6% ' . 6% DAY 1 *30 Vi * 14 Va v 6% *30% *13% ;u4 ;; 15 Products 14% ! 9% 9% *30% <•.31% LABOR •• / 5 Co 9% *14% 14% , t 9% 1 9%: 14% 41 *39 41 U 39 s 7,300 42% *38 Timken-Detroit Axle—— 1 24% May 16 . 102 % 16% 64% 1 Tri-*Continental Aug 18 16 64% 50 . $3.75 .4 16% Transit Corp_No par Steel Timken 12 Mar 9 16% Aug 10 i 4 16 Va 64 % common Tide Water Associated Oil com 10 16% 641/4 preferred Co ,4% preferred Thompson-Starrett Co -$3.50 preference 8 . Jan 15% 64 <9% -No par Avenue Thompson <43% Mar 30 19 22% Mar J13% :» xl05% Sep 1 i1 16% *39 CLOSED • —No par preference a .4% Aug 15 35% Aug 12 25% Jan 21 i 42% EXCHANGE CLOSED 50c Thompson (J R)__; Mar. 9 45% Jan Nov Mar Thomas 15 32% 17 6 ' 14 31% 40 Jan 12,600 64% STOCK EXCHANGE —100 common conv 1 Third 34% Jun 19% 95% $2.50 8 84 % Apr . 19% Mar Feb Thermoid 19 7% Jan 7 Inc $2.4o conv The Fair - X39% July 18 7% July 27 Jan 39% 2 14% Jun ...Jun 85 6% Jan 17 Mar 1% Jun 20 400' 59% 21% STOCK $1.25 cony preferred No par Thatcher Glass Mfg Co common—5 15% Jan 22 7% Aug 4 32% Aug 5 13% Aug 12 16% 59% 64% " 1 — Pacific Ry Co & Textron V . share-ctfs Texas 7 *16% 59% Pacific Land Trust— Sub 3 11% Jan 13 Jun 25% Apr 19 12% Jun 23 15% May 10% May 6% 8 13% July 12 4% Mar 21 Jan Jan 34% < v May 14% 46% ; 36 Pacific Coal & Oil Texas 16% 59% 16% 60 " 10 Texas 16% 16% 59% 59% I *15% 10 No par Sulphur *3 Va 3% 16% 59% 25 - *11 3% 3% 3% 3% ' ~ 11 11 11 *10% 11 *3% 6% 6% 7'/a 4.600 24% 24% 24% 168% 1/700 8% 56% 3,600 170 8% *56 56% ♦ I<* 1-75/e 9 24 *167 8% *56 10 17% 500 9 8% 8% *700 24 *23% 24% 300 17% 24 COMMERCIAL THE (1000) NEW 1 f per share I per share I per share 3 13% Jan 23% Aug 10 Feb 1 15% May 10 Feb 16 19% 29% 20 Jan Jan VV:" 3 Feb 12 V* July Dec 85% Dec 94 May 85% Mar 5 86 Feb 95 Jun 85% Jan 5 00 Dec 48% Jun 33 % Jun 17 WCt 96% Apr 14% July 91 Jan 7 98 5 Jun 6 82% Jun 17 15% Jan 3 93 124% July 18% May Feb 14% Not 109 Jan 15% 14% Jan Jun 23 29% Not July 18 29% July 27 38% May 34% May Apr 28% Deo 33% Apr 31% Sep 25% Jun 12 6 8 30% Apr 30 32 Apr 26 14 25% Deo 39% 32% 29 32% Jan 30 Mar 15 66 45 Jun 6 15% Jan 12 Jun 30 60% Jan 28 14% Apr 9 35% 25% Jun 13 31 May 19 1 105 24% Dec Apr 23% Mar Jan 5 _2.50 11% 11% 11% 11% Sales for the Week Friday Sept, 9 Sept. 8 Shares $ per share $ per share 1,300 11% 11% 11% ./ 22% 800 22 % *22 % 23 90 •85 90 *85 90 *85 90 —.i *86 91 *86 89 *86 88 *86 88 —1 *36 36% 36% 36 36 *98 99% 99% *98 preferred 21% ; 100 *6% 6% div par tic preferred 100 Virginia Elec & Pwr Co com 10 $5 preferred 100 Va Iron Coal & Coke 4% pfd 25 Virginian Ry Co common J26 6% preferred 2s Vlsking Corp (The) 5 Vulcan Detinning Co common 20 1% preferred —30 23% July 14 3 Co Thursday Sept. 7 t per share *85 3%% 14 32% Jan 27 11% Va-Carollna Chemical com—No par 21 Feb Chemical Wednesday Sper share Sper share share HIGH BUI PRICES Tuesday Sept. a com_10O 100 8 Jan Monday Sept. 5 / Victor Chemical Works common—B 17% Aug 18 118 113% Jun 29 Jun 117% Dec Aug t per Par ■■ VIck 38% Jan 26 118 Saturday Sept. $ Monday, September 12, 1949 RECORD LOW AND STOCK Vlcks Shreve & Pacific Ry 5% non-cum preferred 11% Jan 21 7% Mar CHRONICLE Vertlentes-Camaguey Sugar Co__6% 6 89 04/ STOCK EXCHANGE High Ml Leweet Hfeheet YORK NEW Range Sfnee Jan. 1 Year 1948 I per share YORK FINANCIAL STOCKS ktt|f for PmUu Lew eat & *89% 17% 11G% 22% 22% 36% 36% 99% *98 17Va 17% 116% 6% 91 91 91 *98 6% 6% 6% 36% 700 6% 100 93 *90 93 17% 116% 500 99% 6% 6% *90 17% 116% *116 22 % 17% 17% 116% 9,000 17% 116% 116 % *17% 19 *17% 19 *17% 19 *28% 28% *26% 28% *28 28% 80 19 *17% 300 28% 28% 30 30 30 600 31% 31% *31% 31% 300 28 *26% 28 *30 32 *30 32 *45% 29% 46% 30 31% 31% *29% 30 *31 31% *27 28 *26% 28 *26% *30 32 *30 32 29% _ W 67% Aug 12% Dec Dec 28 105 100% Apr Jan Jun 101 Aug 6% Jun 29 101 Jun 9% Not 14 May Not 32 Jan 22 preferred Walgreen Co common 4% preferred— Walker (Hiram) G & W Walworth 8 STOCK EXCHANGE closed CLOSED No par Co Ward Baking Co common Jun 14 15% Jan 21 14 95% Sep 8 5% % Bros 104 253/a labor 7% day 14 14 29% Warner 25% Feb 1 14 22% Jan Warren Foundry & Pipe Warren Petroleum Corp 104 * ? 29% *14 *293/8 30 102 % 104 25% 2,700 73/8 7% 7% 1,300 7% 7% 7% 73/« 14% 14% 143/4 14% 94% 95% 94% 95 103/4 10% 10 3/4 103/e 10% 19 % 19% 19% 19 1,400 15% 94% Xl0% 20 14% *933A 19% 103/4 50 25% 25 % 14% 400 25% 25% 94% 11 " 500 14V2 103% 25% * * 103% 253/8 94% *19 " ♦103 % 104 *14% No par 14 29% 5 4 *45% 14 29% ' 14 1 Pictures 12% May 47 14 29% »453/4 *45% ."47' 7 *29% 100 preferred 3 18% Jun 22 9% Jan stock exchange 100 No par No par 100 No par x87% Jun X12 16% July 10% Mar z83% Mar Jan RR 4%% Waldorf System Aug 11 25% Aug 19 93/4 Jan 7 21% Jun 27% May 13% May <18% Mar 8% Feb Wabash 19 190 12,000 400 xl9% Not 34% May 14 17% 18 18 19% 19% 20 27% Aug 20% May 23% Jun 27 25 Jan 11 3 Washington Gas Light Co—No par *17% 20% Jan 23% 23% *23% 24 23% 23% 23% 24 400 11% Jun 14 Jan 24 Waukesha f xl3% 13% 13% 133/4 133/4 13% 133/4 14 18% Aug 9 173/8 17 17 17 16% 16% 1,600 1,000 12% Deo 22 16% Dec 3% Deo 26 Sep *80 Not 78 *86% Jan ; 26% May 19% Mar 14% 1,500 *5% 53% 5% 5% 5% 5% 5% 1,200 21% 21% 22 22% 22% 22% 22% preferred Indies Sugar Corp No par 81% 813/4 81% 81% 813/4 8l3/4 81% 8134 100 1 20% 20% 20% 20% 20% 20% 20% 20% 1,900 No par $4 24% Aug 10 Jun 108% Mar 22 117 % Sep Jun 113% Feb 25 117% July 11 7% 103% Mar 111% 103% Feb iyi% Aug 10 6% 113 Oct Jun 107 Apr 107 Jun 105 Apr 25 105% Not 100% Oct 101% May 22% 13% Mar 16% Apr 38% Feb 51% Oct Jun 100% Feb 110% Jun 104 5% Not 10% May 5 34% Deo 46% May 16% July 7% Mar 22% Mar 35% Jun 108% Jan 2 17% Jan 20 4 41% Jan 24 25 14 108% Jan 24 7% Apr 32% May 23 8% Feb 24 41% Mar 12 12% Jan 20 Western 29% Apr 8 Jan 24 Western Pacific Sep 8 13 68% Deo 74% July 53% Jun 6 13 30 21% Jun Mar 30 17 May 31 34% Jan 13 7 7 29% Not 39% 23% Dec 33% Jun 20% May 31 27 Jan 85% Feb 91% Feb 95% Apr 101% Jun 903A Jun 3 98 Aug 18 98% Feb 15 104 Jun 213/4 Jun 7 25 Deo 6b Jan 37 Mar 115 4 Mar 30 Jan 71 89% Jan July 23% Mar Jan 5 12% Jun 18% Jan 3 28% Feb Feb 31% Nov Feb 19% Jun 12 6% Mar 11% Jan 12 7% Jan 8 X42% Jun 22 56% Jan 13 May 70 Jun 21 Jan 10 Jun 6 12% Dec 19 18 Jan Dec 28 Feb 37% 49% 81% 58% Dec *62 Jan 69 8 Mar 11% 22 2 34% Jan 3 49% July 29 16% Mar .80 Deo 69% Aug 17 Jun 10 72 Va Apr ' 7 68 Feb 25 79 Jan 10 66 Feb 9 78 % Sep 2 8% Feb 25 9% Jan 7 34% Jan 20 Jun 19% Jun Jan 48 24 13% Dec 19% Feb 3% Dec •Bid Ex-divldeud. y 18 23 Aug 17 74 Jan 28 14% Jan 6 20% July 12 July 6% May asked 7 39% Jan 10% Jun 28 35 and 12% Jan 53% Jun Oct 89% Oct *19% May Deo 24 13 3% Feb prices; no sales 13 on this day. tin 233/e 23% 23% 19,900 117% 117% 117% 117 % 250 116% 116 116 Vb 116 116% 720 1107% 110% 110% 1103/4 1103/4 110% 1103/8 1103/4 770 112 *112 113 *112 113 *105% 112% 107% 112 *106 107% *105 107% *105 107% 105% 105% *104% 1053/B *1043/4. 105% *105 105 % ~50 13% 1,600 413/4 900 .112% 13% *40% 107 *35% 100 *21 No par 100 26 A *9% *63 41% 13 5/s 13% 41% 41% 107 36 106% 6 3/8 6% 106% 6% 6% 6% 6% 6% 600 35% 35% 35% 35% 700 36 *35% 10% 10% 10 10 93/4 1.400 21 21% 21% 21% 1,400 *27 27% 27 % 27% 2,200 67 26% *65 65 93% 10% 60 273/4 *66 70 67 67% 300 24 *21 24 26% 108 *106% 14% 14% 14% 14% 14% 14% 2,700 Westinghouse Air Brake Westinghouse Electric com 3 % % pfd series A 3.80% pfd series B 25% 2534 253/8 25% 253/o 26 5,300 We3ton No par 12% 100 100 - Instrument Elec 12.B0 24 • STOCK EXCHANGE CLOSED Motor White Sewing Prior 24% 24% *24 243% *24 *110 113% *110 243/8 12,100 98% 97% 97% 220 102% 102% 400 24 24% *23% 1133/4 *110 1133/4 112 34 34% 34 34% 78 78 78 25 34% DAY ' 34% *34 34% 78% LABOR 102% 102% ' 24% 24% 102% *97 98% 102 % 102% 24% 24% *97 97% *102 CLOSED Wheeling & Lake Erie Ry 100 Wheeling Steel Corp com No par $5 conv prior pref J—No par White Dental Mfg (The 88) 20 White 97% STOCK EXCHANGE 78% x77 77% *77% 24 27% 27% 28 *27 13% 13% xl3% 13% *13% 13% 13% 24% 24% 24% 24% 24% 25% 24% *32% 33 80 25 20 10 1,500 13% J com preference 300 112 1 Co-___ Machine 27% 27% *32% 27% 27% 500 £00 6,400 100 32% 32% —B 9% 9% 9% 9% 9% 9% 934 934 600 Willys-Overland Motors com 1 $4.50 cenv pfd series A—No par 4% 4% 4% 43/4 43/4 4% 4% 434 2,100 Oil Wilcox Co $4.25 preferred Wilson-Jones 10% *71% 10 Co Woolworth (F 10%, 10 Wisconsin Elec Power Co com 6% preferred Woodward Iron *47 No par _No par Wilson & Co Inc common 17% 100 Towne *47 48 *47 48% 10% 10% 2,300 *71 72% *71 72% 10% *10% 10% *10% 10% *103/a 10 7 8 100 17% 3,400 17% 17% 140 17% 17% *138 *138 141 17% 17% *138 141 *26 141 27 *26% 26% 49 483/4 48% 48% 48% 48% 48% 4,100 13% 13% 13% 14% 13% 13% *13% 14% *6734 ! 68% *68% 68 Va 68 % 4 69% 70 390 26% 68% 68% 70 70 69 70 71 693/4 693/4 68% 68 3/8 *68% *77% 21 69 69% 78% *76% 77% 77% 77% 77% 77% 200 93/a 9% 9% 93/a 93/s 9% 934 1,300 21% X20% 20% 20% *21 *20% 20% .1 50 Young (L A) Spring & Wlre.NoPar Youngstown Sheet & Tube___No pa* Youngs town Steel Door No pat 10% 10% 35% 35% *35 21%" 21% 21 21 62% 63 62% 63% 12 12 11% Zenith No par 243/4 243/4 25 1 33/4 33/4 Radio Corp Products Corp petition 27% *26 *69% No par Mfg Co. or 10% 72% 48% Corp common 4%% conv preferred receivership, 48% 10% 10% *71 *26% York Zonite *47 48% 10% 10% 73 *9% Wrlgle*. (Wm) Jr (Del) WypBfcte Worsted Co & 33 10 Co Worthlngton Pump & ' ' '* Machinery common No par Prior pfd 4% % series i»100 Prior pfd 4% % conv series—100 Wright Aeronautical No par Yale *32% 33 —II Co W) *138 has been filed for company's reorganization, a 10% 10% 10% 70 20% 10% 1,500 100 *35 21 Va 21 Va 21 21 63% 63% 63 Vs 63 % 5,000 11% 11% 11% 11% 11 % 900 253/s 25% 253/4 25% 25% 1,300 3% *3% delivery. 500 . 10% 10% 36% 3% 33/4 3% 3% 1,100 *35 36% ' Deferred 60 71 rCash sale, s Special sales. 36% 500 wdWheu distributed. Ex-rights. Exchange Transactions at the New York Curb Daily, Weekly and Yearly Stocks Number Week Ended Sept. 9,1949 - Railroad mri of and Miscel. shares Bonds Foreign Bank Bonds Bonds 640.530 ... $1,609,000 848,620 .2,295,00,0 939,020 _ 2,007,000 2,088,000 772,980 3,201,150 $7,999,000 Holiday $370,000 289,000 Total Stocks Government Bond {Number of Sales Bonds Week Ended • 2,584,000 2,733,000 274,000 2,362,000 $9,658,000 $1,659,000 1949 of shares $1,979,000 726,000 Week Ended Sept, 9 1948 Jan. 1 to 1949 U. S. Government 3,961,555 $8,000 International Bank Railroad & Industrial TOtal Bonds (Par Value) 157,727,299 $400,000 Government $798,500 Total $137,000 * Closed Saturday Monday Tuesday Wednesday Thursday Friday Holiday - $103,000 167,000 $20,000 184,950 231,015 258,000 "32,000 1,000 291,000 197,685 193,000 20,000 4.000 217,000 767,595 $721,000 $72,000 $20,000 $813,000 153,945 ; Total Week Ended 1948 214,383,967 Foreign Corporate $14,000 Foreign Domestic Shares) Stocks—No. of shares. 168,000 1,000 Sept. 9 Bonds Foreign Sept. 9,1949 1949 3,201,150 Exchange Daily, Weekly and Yearly United States Closed Total Stocks—No. 13% 41 41 106% 107 14% Transactions at the New York Stock Saturday Monday Tuesday Wednesday Thursday Friday 13% 13% 133/4 41% 70 25% Jan 7 4% Jan 15 9 23% 117% 14% 32 8 May 15% Feb 15 Jun 30% May 13 163/4 Jun 17 16% May Dec 65% X 24 64 , July 10% Feb i0 *59% Feb Feb 37 5 Sep-2 :f 11% Jun 14 May 96% July 60% Mar 18% May 138 44% Jan 94 Not 58 17 22 ; Jun j 25% May Deo 13% Jan 23% 117% 116 24 25 2 4 Jun '-i3% Apr Jan 128 Oct ws Not 79 14% Jan 14 Jun *138 14% Dec 125 12% Mar 10 8% Jun 15 17% May 88% Jan x23% 10 100 com 900 Western Union Teleg class A_No par 323/4 Aug 10 8 65% May Dec 7 11 6 Mar 69 Sep 25% Apr 7% May 31 4% Jun 10% Not 51 12 16% Mar 30 13 22% July 9 . 28 2 24% May 27% Aug 29 48% Jan 27 9% Feb ^ 112 293/4 Jun 13 ,13% Dec ' Aug 11 263/4 Jan 11 Oct 57% 27% Feb 23 102 July 4:92 83 * Mar « Jun series Preferred 68% Jan 26 RR 14% 143/a 116% 6% Supply Co Western Maryland Ry com 4% non-cum 2nd pfd 143/g 5% 117 23% 1 Auto Jun May Inc Lines Air 21 40% preferred 14% 116% pfd series B 4.10% preferred series C West Virginia Coal & Coke West Va Pulp & Paper com_No par 4Va% preferred 180 4.20% Western 20 26 West Penn Power 4%% 14% 117 100 100 100 100 100 B preferred preferred 11 Feb 38% July Dec 8 May 12 36% May 15 26 105% Aug 18 25% Not i 2 *14 No par A Class 114 14 Inc conv West 21 Jun y 21% 119% 113 14% *16% B Wesson *113% Apr 8 17 7,100 Oil & Snowdrift com—2.80 Webster Tobacco 84% Jan 24 3 B 1 18 West Penn Elec Co com 5% July 15 7 23% Jan Co Motor Wayne Knitting Mills Wayne Pump Co 15% Jan 25 14 14% Jan 7 27% Jan July 13 16% Jun 19% July 13% Feb 104% Mar 14 16% Feb 10 113/4 Apr 21 3% Jan 3 xl9% Jun 13 Sep 30% Jan 6% May 34% Aug Deo 13 Jun Sept. 9 1948 Jan. 1 to 1949 767,595 1,138,615 Sept. 9 1948 53,729,549 38,171,462 Bonds Domestic 43,000 855,000 3,650,000 $1,659,000 1,005,500 60,542,680 7,999,000 11,513,000 62,698,770 474,629,100 682,887.800 Foreign Foreign $9,658,000 $12,566,500 $538,582,870 $747,878,980 Total $721,000 $653,000 government. 72,000 119,000 $24,654,000 7,155,000 corporate 20,000 14,000 1,190,000 1,320,000 $813,000 $786,000 $32,999,000 $44,601,COO $36,599,000 - 6,682,000 Number 4837 Volume 170 - * . ^ Bond Record 4 •, New York Stock Exchange «» FRIDAY The Italic letters In the column {■ ■ ■; .1 - headed WEEKLY - "Interest Period" YEARLY - Indicate Figures after decimal point represent ■>.. each In one the case 32d more or of a month when the GOVERNMENT Range Since Jan. 1 Lowest Highest Year 1948 Lowest Highest 101.11 May — — 105.1 Sep 105.28 Mar 107.4 Sep 108.28 May 9 __ LOW AND HIGH BALE — — — — — — 102.23 Sep 9 Feb — 14 Feb 3 104.9 101.7 Sep 101.11 Jan 101.19 Jun Low High 1949-1952 100.23 104 14 *104.12 104.14 110 *109 28 110 Treasury Treasury 2%s 1951-1954 *103 12 103 14 *103.12 103.14 2%s 1956-1959 *111 1114 <-111 111.4 Treasury 2%s 1958-1963 »H2 112 4 *112 112.4 Treasury 2% s .1960-1965 *113 16 113 20 *113.16 113.20 ^Treasury 2%s ____1949-1953 *100.'l7 100.19 *100.16 100.18 *101.23 101 25 *101.23 101.25 *103 10 103 12 *103 10 103.12 *106 16 106 18 *106 16 106.18 •105 3 105.5 *105 6 105.8 *104 15 104 17 *104.18 104 20 *104 2 104 4 *104 4 104 6 *104 110.23Marll 1950-1952 2 y2s :___1952-1954 2y2s 1956-1958 Treasury Feb' 3 2V2s Treasury Treasury 102.31 Jan 14 2%s 2%s 1962-1967 - ' A 102.1 Mar 11 104.6 Agu 10 Treasury Jan 103.8 July 25 103.8 July 25 Apr — Treasury 2y2s Treasury 2y2s 100.23 Sep 100.24 Sep 101.12 Feb 9 101.13 Jun 24 Treasury 100.16 Sep 101.12 Jun 103.2 Aug 2 101.28 Jun 30 EXCHANGE EXCHANGE Sep 1967-1972 CLOSED 100.23 100.28 Jun 14 Treasury 2%s Dec 1967-1972 — May 6 __ __ Jun 103 Aug 8 9 101.3 Jun 14 Oct 100.21 Oct 9 100.21 Feb 9 Sep 101.13 Mar 101.7 101.8 Jan 26 100.31 Sep 101.18 July 100.30 Sep 101.19 July 9 Oct 100.7 100.16 Apr 1956-1959 94.14 Jan •Bid 2s due asked and price. 1949-51, Sept. sales No called Sept. 10 5 101.18 Feb *106.6 105 8 *105 6 105 8 103 2 *103 3 103 5 103 1 *103.2 103.4 106.10 *105.3 *103 105.5 103.2 *102.31 103.1 *105.3 *103 *102.31 *100 *100.11 *100.17 *100.11 *100.17 100.12 100.18 Sep 1950-1952 *100.30 100.31 *100.31 101 *100.30 100.31 Treasury 2s 1951-1953 - - : l%s due Dec. 101.24 *101.23 101.24 102 *101.29 101.31 102.6 *102.5 102.6 *102.4 102.5 102.15 *102.14 102.15 *102.13 102.14 *104.4 104.8 *104.2 104.6 *104.2 1C4.6 *100.17 100.18 *100.17 100.18 *100.17 100.18 *101.5 101.8 *101.5 101.8 *101.5 101.8 *101.4 *102.16 103"; *102.16 102.20 *10z.l6 103 ' ' • * •*' _-1972 * ' ' . ___1957 RANGE " 15 at Sale Price 100; 2%s 1949-53, due called Dec. Friday's Bonds Friday's Low Interest New York Stock Jan, 1 No. High 6 Nils B Range Since Sold Exchange, Last or Low City 3%s Series No. 15 * 64 '■"rM 3%s Series No. 17 107% J-D J-D *63% 64% *64 65 ' 3%s Series No. 19 J-D 3%s Series No. 20 J-D J-D 63% J-D *63 % J-D *63% 3%a Series No. 26 J-D *64 3%s Series No. 27 J-D *63 % 64% 3%s Series No. 28 J-D *63% 65 3%s Series No. 29 Foreign Securities 5 63% J-D J-D *64 65 J-D *63% — 3%s Series No. 24 _ 3%s Series No. 25 —_ ; . 3%* Series No. 30 Wertheim & Co. Members REctor 2-2300 120 New York Stock Teletype Exchange Broadway, New York NY1-1693 lAChlle (Colombia)— 1947 AGtd 1948 A-O 1968 1945 J-J sink fund 6s Akershus (King of Norway) 4s iAAntioquia (Dept) coll 7s A F-A *61 lAExternal s f 7s series B 1945 j-j lAExternal s f 7s series C 1945 J-J lAExternal s f 7s series D 1945 J-J «... AExternal s AExternal sec AExternal sec 1st series— f 7s 37 46% AExtl 46 37% 45% A 6s 37 % 45 37% 45 *43% 45% f 7s 3rd series—1957 A-O — *43% 46 — 104 J-J 1956 F-A 10-year 3V4s 1957 99% 106 99% J-D •90 20-year 3%s 1967 J-D 87% 87% 3%s 1966 J-D 88 88 88% 15-vear 33/8s 1962 F-A external s f exLl s f 6s„ 1955 7s 87% 1955 (U S of) external 8s J-D 1941 J-D w— 85% 85 84% 115 8 112 120 72% 60% 9 72% (Int reduced to 3.5%) s AChllean A 7s 1978 A-O 53 53 1 45»/2 54 1957 A-O y 72% 72% 1 62 72% 1979 3-D 54 % 54% 54% 3 46 1957 A-O 72% 72% 72% 4 60% 1979 1952 A-O 52% 52% 3 43 54% — 61 J-D 46% 53% 1979 (Plan B) — 7s 104% 107% 1960 29% 34 37% 35% V v: 37 f 6%s of 1926 AChlnese (Hukuang Ry) 5s 1951 27% '• 29 34% ''I; 36% 25% 2 36% 26 '.*!■ 'v 41 26% *35 28% 29 25 29 % 34% 261/4 37% (Int reduced to 3.375%) s f 6%s of 1927 # (Int reduced to 3.375%) (Central Ry) Stamped pursuant to Plan A (Int reduced to 3.5%) 8% J-D *72 — — •53 54% A-O •51% 52% J-D due funding bonds of 1931 66 V5 — *35 J-D A-O A-O ♦27% Jf-N Jf-N M-S 29 ' 26 *35 • • *35 *27% -- 34 37% 29 35% 27% 27 % 2 29 37% 26 —— 27% *4% 7 29 4% — 55 72% (Int reduced to 3-375%) External $ bonds of 1944 3%s Series No. 1 J-D 3%s Series No. 2 3%s Series No. 4 i— 5 — 3%s Series No. :-".v r ' 65% J-D 3%s Series No. 3 J-D 3%s Series No. 7 For Financial Institutions FOREIGN SECURITIES 3%s Series No. 9 69 59 65% 69 57% 69 80 *68 70 v"; *68 — t ■ 73 10 3%s Series No. J-D J-D 11 3%b Series No. — 12 J-D 3%s Series No. 13 J-D — J-D 3%s Series No. "i -. for footnotes 14 see http://fraser.stlouisfed.org/ "St. Federal Reserve Bank of St. Louis page 29 — •« 73 *68 70 *63% 64% 60% ■ r 65 58 *63% 63% *63% 64% 1 FOREIGN SECURITIES ^ SPECIALISTS 73 58% >■ r.ARL MARKS & r.O- INC. 73 58% *63% ~ 73 62% £ ' 3%s Series No. MARKETS 69 58% -v.*. *68 -v 57% 24 65% y- ''y-: 20 65% FIRM TRADING 71 3 *65% V 1 J-D J-D , 65% J-D 3%s Series No. 8 65% 62% rnmm, 66 65% J-D 42% 53% 65 59 65 55% 66 50 Broad St., New York 4, N. Telephone IIAnover 2-0050 36% 26% 35% 5 27% - 29 : 26 - 8tamped pursuant to Plan A r 37 34% Stamped pursuant to Plan A A 7s 29 26 v- Stamped pursuant to Plan A AExternal 29 25% 30 i *27% M-S J-D 29% 35% *27% *35 37% 26 34% 1 27% *35 26% 29 26% ti-y 34% 27% J-D 1960 25% 1 27% : •27% 3-D J-D J-D 1962 37% •35 Jf-N 1961 28% 1 •35 Jf-N 1993 1957 37 25% 2 30 27% 1963 59 54% 72 1978 1951 Munlc assented 104% 2 *35 A-O 1962 assented Cons 1962 1961 assented AGuaranteed sink fund 6s A 6s 72% — Stamped pursuant to Plan A AExternal A 6s 102% 27% M-S M-S A-O 1961 AGuaranteed sink fund 6s . 17 35% 1961 fund 6%s A8%s assented 93% 102 % __ A Sinking 102% 34% *27% 1957 Bank 6%s Mortgage 1021/2 35 F-A 1963 bonds 2-3s 101% 100 % — F-A J-J 101% 99% 4 - A-O J-J 63% 98% 99 *35 Sep 1961 assented f $ A-O Sep 1961 6s A6%s assented 93% 4 : •• s A Chile 92% 34 117% U8 118 95% 27 ' 87% *109% i fABrazil 87% J-J 97% 89 88% 20-year (Kingom of) 90 17 92%. Extl M-N 64% 65 60% — 100 % ♦27% 1960 65 . 58 '■ *35 Jan 1961 assented A6s M-N Jan 1961 A68 assented 103% J-J 1962 sinking fund 59 ' ■' 105% 105% 1942 65 60% ' • *57 1960 AExternal sinking fund 6s 106 98% 153 93 92% —— 95 27 99% 102^ Feb 1961 AExternal sinking fund 6s J-D 105% 102% Feb 1961 6s _ ARy external s f 6s A 6s assented 50 —— 10-year 3%s Belgium 46% *43% —- A-O external 5s 1958 (Commonw'lth) 5s of *25-1955 46% fund 6s sinking fund A 8s assented *43% A-O (City) Antwerp Australia AExtl 46% 37% 46% *43% 1957 2d 62 93% 37% *43% —— ~1 45 series—1957 7s f s s 62 45 J-J 1942 assented AExternal sinking A 6s assented 1960 1954 8s 37% *93 — — 4s External s f 7s 81 *61 Jf-S 71 70 (City) (Rep) |A7s fAGtd sink fund 6s of) J-D A-O ' 100,^ 66 56% *98% 100 F-A 100% 1950 3%s A Carlsbad Foreign Govt. & Municipal " 1961 (Dominion 25-year 1958 70 57 '•j? •* 64% *98% Jf-B .1957 (City) 8 f 58 Sinking fund gold 5s Sinking fund gold 6s Canada Agricultural Mtge Bank — Brisbane 65 60 65 ' Telephone 65 65 55% j 65 55% *63% 3%s Series No. 23 65 58% 59% *63 % 3%s Series No. 22 65% 60% *63% J-D 65 65% 56 *63% 3%s Series No. 21 65 60 58 *63% 3%s Series No. 18 104 105,9,r 106 Si High 59% 2 64% J-D 3%s Series No. 16 J-D .1980 Corporate Stock Jan. 1 Low No. High 64 J-D Ran^e Since Sold Bid & Asked Period High Transit Unification Issue— 3% 100; 15 at Friday Bonds Bid & Asked Low * 101 8 *102.±6 1.02.20 FOR WEEK ENDED SEPTEMBER 9 Week's Range or — *102.13 102.14. *104.2 1C4.6 *100.17 100.18 . IThe following Treasury bonds are being called for redemption: 3VaS due 1949-52, called Dec. 15, 1949-51, called Dec. 15 at 100. a Odd lot transaction, r Registered bond transaction. Last Period *101.23 *101.30 for 10-year 2 Vis, 25-year 3s _J this day. 2s ( *100.30 100.31 *101.22 101.23 *101.29 101.31 *102 4 102.5 102 1950 Bank t; *102.14 1953-1955 v; . __ 101.23 Dec 1952-1954 2s c; 100.12 100.18 *102.5 Jun 1952-1954 Treasury Treasury — *101.30 1 1951-1955' ___ V ^ 105.5 103.2; 103.1 *101.22 Treasury 2s 9 *100 *100 . *106.6,106.10 100.18 Friday New York 106.10 100.13 — Interest New York Stock Exchange *106.6 *100.17 101.2 July 14 102.16 Sep 2 at 100; BONDS 102.27 106.10 *100.12 Treasury 2s Treasury 2s transacted 15 i ; • Reconstruction & Development 98.24 Jan 99.11 Jan ' /- 100.18 — 98.30 May 99.30 May 103.7 *102.25 100.13 International 94.10 Jan 103 5 *103.5 *100.17 Jan 28 101.8 — _ ■>' < * *100 12 — — 101.18 Feb DAY Dec 1949-1951 — — *103 3 103.7 102.27 *105 6 LABOR 1952-1955 Mar 1950-1952 — -- 103 4 *102.25 »i0b.6 1951-1953 Treasury 2s — — 10^.26 May Dec — *103.21 *102.31 *105.31 *102.31 *103.5 *102.24 *103.21 103.23 *102.31 103.1 *105.31 106.1 *102.31 103.1 *103.5.103.7 *102.24 102.26 ^Treasury 2s JTreasury 2s Treasury 2s ~ _ -- 106.4 *100 20 100.17 Feb — 103.5 *106.2 Sep 1949-1951 102.30 Feb 100.13 Jan Feb _ 103.26 *103.3 106.5 *103 May 100.2 100.21 Feb *103.24 103 4 *102 31 100.4 Mar — 103.25 *103.5 CLOSED Dec 1959-1962 102.13 July Mar 100 — *103.24 103.26 'Jun 1953-1962 101.14-Sep 103.23 103.1 106.1 103.1 103.7 102.26 *103.29 103.31 103.29 Treasury 2 y4s — 100 100.31 1966-1971 104.2 *103.27 Treasury. 2 %s Treasury 2 Vis — — 100.21 > 105.4 Aug 10 102.10 July 6 —, — 9 1965-1970 r *103*30 104' " k __1954-1956 — — — » Treasury 2 %s Treasury 2%s Treasury 2V4S — — ' , Dec 1964-1969 103.27 *103 2 STOCK Jun 1967-1972 102.26 May Treasury 2y2s Treasury 2 y2s Treasury 2 %s STOCK Oct 101.7 Feb 100.18 Jan U. 7 100.7 __1963-1968 Jun 1964-1969 *101.23 *103.9 *106.13 *105.3 *104.15 *104.2 *103.29 *103.24 *106 3 Jun 100.25 100.26 2y2s 112.2 113.17 100.18 *103 23 ' < 101.19 100.27 101.25 103.11 106.15 105.5 104.17 104.4 103.31 103.26 109.30 103.14 111.2 *112 112.4 *113.14 113.18 *100.16 100.18 *103.25 <'■ f Jan — 100 24 *103 2 . 100.23 < 100.23 104.14 *101.23 101.25 *103.9 103.11 *106.13 106.15 *105.3 105.5 *104.15 104.17 *104.2 104.4 - 104.9 *100.21 *104.12 *109.26 *103.12 *110.30 100.23 104.14 109.30 103.14 111.2 *100.21 *104.12 *109.26 *103.12 *110.30 *111.30 *113.13 *100.16 *100 21 *104 12 *109 28 *100 22 gales for the Week Bonds <*) Friday Sept. J) Low. High 1951-1955 100.24 Mar 102.26 May 100.7 Oct High Low 1955-1960 __ __ High 3s Treasury 102.31 Jan Sep „ Low 2%s — 102.23 Sept. 6 PRICES Thursday Sept. 8 Low High Wednesday Sept. 7 Low High Tuesday Sept. 5 Treasury _ • Monday Sept. 3 Treasury — 102.22 Saturday STOCK ^Treasury 3%s 108.13 Jan 36 — 110.23 Mar 11 — Dec 101.11 May — — — 101.18 BONDS YORK EXCHANGE _ 108.13 Jan 26 — NEW bonds mature. point. • Range for Previous 25 (1001) THE COMMERCIAL & FINANCIAL CHRONICLE Y. Teletype NY 1-971 7% 26 (1002) i YORK NEW RANGE Friday BONDS Interest New York Stock Period Exchange & COMMERCIAL THE FINANCIAL CHRONICLE or Oct J 961 of 1927 A-O Jan 1961 external f bonds $ H_. "77 J-J A-O IA Colombia Mtge Bank 6%s 1947 8 A Sinking fund 7s of 1926_._..,1946 A-O "47 M-N F-A "47 SASInking fund 7s of Copenhagen (City) 5s 1927 1947 1952 Czechoslovakia m-N 1977 (Rep of) 7s (Republic of) 4%s extl. M-N 1951 Rica J-D 1953 25-year gold 4%s ACosta Cuba j-d (Int 47% 47 80% 19 68% A6s extl 18 63% 11 12% 17 108% 108 % 2 104 ya "47 secured series ASllesia 113% External gold 5%s 1955 F-A 4y2s 89% 88% 89%. 31 74% 90% gold 1962 A-O' 80 79% 80% 38. 64% extl 3%s 3s extl extl AEstonia French Greek -A 7s s f f s (Republic of) 7s— paid,. paid. part Irish Free State ?,■ Italian ' ■ , > ' 1 ■ 1977 J-J "8% TkH'' HH:- "7M 36% 31% 100% 32% 1952 32% 52% 14 •', fund 6$>_—___„_1964 bond of 1954 F-A 1984 J-J "5 "6 1952 Southern 3y4s 1967 M-N 1st 3%s 1972 J-J A 4 %s small 40% American ASmall Mexico debs 1956 of A J-D M-S Small ——HI—II— 1922 agreelll945 Asmaii A5s "~~ New ass'td (1942 agree of 99% 99% 100% 222 100% 100% 44% j7Il933 4% — ~5 3s (assented ASmall "9% *9% 11 "3% 11% "7% 7% 11 — ASmall ^ j-d *4% J-J 1922 6% "4% J-J agreer"l963 (1942 e7% . ~2 07% *7 — V Minas Geraes (Int J-J agree)_Il9«33 (1942 s — 6 — A-O to M-S A 26% "27% yf 29% 38 M-S 1963 28% a. 0 J-D ,1953 96% - 1 11 97 % 6 93% 96% 28% 96% 96% F-A 1970 (Republic)— AStamped assented 5s Stamp mod 3'As ext to, 97 96% ,1 39% <ReP of) to —— A-O 96 25% 93 ^,XJ"?/rnal sink Stamped .. 30 97 Va 6 80% 96% 80 , 83 98 81% 96 9 A External (Int sec 89% . "37 102% — 35 — 94 4s (Int A68 reduced external to sink ,••.•'"17% 17% 21% ser 1961 A-O 20% 20 % ' 20% 1940 17% 21% A-O A-O a-O 1950 • 25% 16 "12 ' 8 ' 1 9% 10% 14% 15 2 5% 17% - 9% 9"% 9% *38 "" - 11 9% T.» 2001 2008 8s j-j 2 __ *30 6% 39 -- 33 *28 — J-J 1946 A-O 2001 A-O 30 16 15 19 t (Int A7s reduced external to loan F-A 37% "2 27% ~ 27% 9 s Stamped pursuant 1999" A-O 1968 J-D 27% 29% (Int fASan redrced Paulo to (State) Stamped pursuant 40 (Int reduced A8b external . to __ 27% M-N — (Int reduced :.'~r 27% 7 — *28% — *22 A-O M-N *48% ,, 49 % 63% 49% 62% 9 49% 63 66% 9 8 59% 73 46 120 39% 52% 83% 33 % 84 12 75% co In 65 65 7 60% 74% 64 % 70% 66 78 84% 86% ~9 80 95 85 86 Vs 15 » 80% m-n 1980 J-J J-J J-J .1951 J-J v.fM A — M 4s ser D * — I Extension 1st 3%s 84 % — A-O 1951 % a-o *99 f-a 1970 J-J J-J 1970 M-N 1954 100% A-O 1960 __ M-N 1961 100 3 120% 120% M-N 1964 *97 H 100 f-a A-O 121% 94% — 11 100% 100% 100% 103% 103% 17 99 % 102% 104% 97 3a 100% 97% 100 *104% 105% *100 103% 119% 95 100 100% 101 series AC... ; series II 43/4s series JJ 1st mtge 4s series RR AInc mtge 4%s ser A„.'___July ABreda'(Ernesto) Co 7s mtge *75 29% modified 4%s__ '. 82% 83 103% 87 ' — — *101'% 101 « 89% 45% — — V. 45% *31 —- ' 74 2 74 83% 45% 74 •". 101% 2 44% 59% 35 % 35 % _•, 103 % 104 Vs 100% 102 ' j *104% 105% '" f-A • — _ M-S *103 J-J 99% M-N 1952 A-O 1955 J-J 99% 104 97% 103% 57% 99% 6 90 % 99% 101% 101% M-N 1957 *100 20 98% 102 Va 57 38 % 24% „ 3f_N — M-N 51 — *50 Terminal 1st 4s 1 Consolidated 5s, 1 Bush Terminal Bldgs C I T Financial 5s gtd —I960 A-O ' 8 95 % 95% 50% 1 100% 8 57% 101% 101 Va . 91% *106 4 105 61% 102 j 99 106 ~ ± 1959 ,.1976 34% 38 24% 28% j-j J-J gtd 5s A cons A-O *100% 101 % J-D *103 1974 Power 3%s_ Southern Canadian M-N *103% 1962 A-O - 94% 94% 100 99% 103% 102 __ 101 103 104 7 94% 3 95 113% 115% 104% National. Ry— Guaranteed 39% 39% 27 29% , gold 4%s jl957 J-J 114% 114% vH gold 5s ^.,_Oct 1969 A-O 105 105 % 3 105 107% Guaranteed gold 5s 1970 F-A 106% 106% 1 106 % 108% Guaranteed gold 43/4s gold 4%s__. Guaranteed gold 4%s — 51% 52 .. 54% Carolina Clinchfield & Ohio 4s 55% Carthage 34% - e85 70% deb 112 Va 7 112 113% 105% 105% 1 105 106% stock (perpetual) Adirondack 10 33% 52 83% . J-j 1965 • 41 a. e85 70% 98% M-S mtge gtd 4s 1981 98% *107 J-D 1965 A-O ! 72 *__ 3 66 79 5 41 73 93% 101% O o> vW — 108% 59% 102 % *104 F-A *100% 101% 1960 F-A *100% J-D 1995 J-J 62 103% 99% 101% 101 % ' 101% ' *76 79% — 75 79% 55'/a 67% of Jan 1 2020 May Jan 1 2020 May 1966 A-O mtge Central — 59% 1948 Georgia Ry— 4s ser A Gen mtge 4%s ser A 1st 30" 98 34 108%" i960 3%s debs (1947 issue)—, 5ACent Branch U P 1st gold 4s Gen mtge — 113 % Ry— Celanese Corp 3s debs Celotex Corp 3V4s debs 54 55 % A — & 6 113% 113 Va 44 46 conv 112% 112% F-A M-S Ry— 53 4% J-D 1951 29% __ -- *70 Pacific 1955 ..1956 27% Central J-J 1999 Corp— debentures/ Calif Oregon 35 — — *57 __ j-j 1999 46 29 A 1936 13 29 57% 65 1955 1st 1st M-N 2012 29 58% 58% 45% 1951 ref 25% .. *57 — - For footnotes see page 57 57 66 % 1985 ser mtge 23/4s ser J mtge 3s ser K Canadian J-D to Plan A 2.5%) & ♦Guaranteed J-D 1950 to 2 r- *38% 1957 Stamped pursuant to Plan 95% .Guaranteed j-d 2001 2.5% 88 83% 45% 1980 mtge 5% l%%.cont int) California Elec Power 1st 3s 33 ; 1952 2%) 80 3 32% 33% A 8s 29 57% __ M-S Bush 45 33 1968 i CO 90% May 1967 31 1 *36 — A 2012 to Plan A 1st 4s__ 1st mtge 5s '1st mtge 5s Canada 1952 A6%s extl secured *44 H: Plan A (Int reduced to 2.375%) 85% 90% 58% M-N 2%s to Plan series fxd & Stamped 27 34% 37% -- A-O Stamped pursuant to Plan A (Int reduced to 2.25%) 2004" 7« 1967 stmp pursuant to Plan A (Int reduced to 2.25%) 2004 A Rome (City of) 6y2s Paulo (City) 8s Stamped pursuant 102% J-D Gen mtge 2%s__. ..1976 Buffalo Niagara El 1st mtge 23/4s__l975 Buffalo Rochester <fc Pgh Ry— 39 — H *32% —— F-A 1945 A Sao 99% • ...Feb 1 2010 f debentures s — 1926 4 H-; \ W4, 2013 2%) of 103% 102% 102% -- , 14 40 27% •'HH "38 A~~ gold 105% 93 % 86% J-J 21 . > to Plan 104% 101% — J-D 1979 30% 6 Va — 16 j.D 19 " *9.,- 9% J-J 196I 28 "9% j_n 1947 2.5%) fund 1 1995 Bristol-Myers Co 3s Debs 1968 Bklyn Union El 1st gold 5s_____,_1950 Bklyn Union Gas 4s- debentures 1969 1 4 1953 Stamped pursuant 102% 11 — 1976 V 20% *27% Plan A to 1 74 99% 98% Boston & Maine RR— :'V'v 'H: 20% 6%s Stamped pursuant A-O A-O due Dec 1 1995 ? income Creek Cons 20% Grande do Sul (State of) I A8s extl loan of 1921 J stamped Cons 20% 2%) 4s ref 40 20% pursuant to Plan H.due Dec G conv lien Con Rio - 102% 102% — M-S 103 20% to 2.375%) to — ■>- pursuant to Plan A reduced 82 —, 1' to Plan A to 118% fixed Bethlehem Steel Corp— Cons mtge 23/4S ser I 89 n": 110 8 j-d 19R3 iInt educed Stamped , "87 "103 — \ 1968 Stamped pursuant (4% Telephone of Pa 5s series C..1960 Beneficial Indus Loan 2%s debs 1961 i960. (City of) B ser Bell 96 ser «At,iIni r?ducfd t0 2.25%) de Janeiro 1 128% 109 99 M-S Beech 104 M-S (City of) 8s_ 7%s 1966 stmp 122% 8 93% M-S fund Sold 8s lARlo 27 Bangor & Aroostook' RR— 83 Y» 1959 s f 7s Wi/(In™du5ed t0 2'375% July 1975 due Mar 1 2000 1st 96% 11 102% 102% —— 195a pursuant 92 Toledo Cincinnati division 2008 A4%s assented APorto Alegre 102% ms A assented A4y2s J-J due Mar 1 1996 Ref 99% 4 91% 95% a/.s 1947 2.125%) ?il/billzation loan assented ' j.jq 1967 external 7s (Rep of) gold 6s A4y2s m-N 1994 |oan extl s f 6s 1st «AP?,at CXtl S f 6s 2d lAPoland 81% 118% 118% 102% J-D 1966 contingent interest) S'western div 88 96% "90 ■ "96 19R3 6ec ref 3y2s series B lAPernambuco (State of) 7s reduced 105 70 102% 102% M-S 1964 K 3%s lAE*t (Int 102% 78 — Ref & gen mtge 6% (2%% fixed and 3%% contingent interest) — 30 37 96% 96% A-O 1957 to Plan 72 114 104% 127% 128% -- M-N July 1952 M— A4%s 25% "39% ~ M-S 1965 (City) sink fund 4%s Stamped pursuant 4s cons Series 54 % 38 ~3 __ Af-N 1956 f 5s s 1963 Series 11% Panama , 3% (3%% of) 4%s sink fund 4%s 4s sink fund extl loan 3%s s f external Oslo 5% Series "" M-S 1953 Plan External Bank extl 1st 128 M-N contingent int)..July 1975 gen mtge 5% (2% fixed and 5 11% 8% 49% 40 102 107% 106% 103 Pgh Lake Erie & West Va— 2.125%)—2008 «etc™ext!?nal S f 6,/2S pursuant Municipal 10% 10% 49% -- M-S Netherlands r?daced to 2.125 %)___2008 (Kingdom) 3% 1957 . 9% Plan A Norw_ay (Kingdom , 104% 104% *69 -- A-O 1% & Series 1953 to to 33/4s —- "103'4 6 *78 A-O 1995 4s ser A mtge and ■ J-J 1952 Stamped ■„ 1st ,"7% 8 9% — "9% 6%s f reduced 104% Q-J 539 104% 104% Baltimore <fc Ohio RR—• Ref 6%s Stamped pursuant A-O 112% 113% B Jv (State)-— ASec external 1969 ,1966 5% ' 6 % . 7% "" ass'td (City of) 104% 112% 102 110% Topeka & Santa Fe— 1st mtge J-J 1933 ASmall Milan 103 % 97 % 105% 100 7% 4 5 . 1913~ (ass'td agreement) New 1 A 103 41 ■i ■ 1945 ASmall ■ 94 92 ' ; 6s of 38 107% 108% 108% 107 ' to — AiSoNew ass'td 101% 102 ' J-D General unified 4%s A Atlantic Refining 2%s debs — SATreasury 101% 107% July 1995 1st gold 4s Atlantic Coast 11 92 J-D Stamped 4s July 1 1995 Atlanta & Charlotte Air Line Ry— 11 8% 10 44 J-D A-O General 4s "9% 101% 100 J-D 1959 -- 15% 102 100 1962 debentures Ann Arbor 4% 105% 1973 debentures conv 100% 88% 1957 debentures 1st mortgage — agreement) to debentures Amer Tobacco Co deb 3s 15% J-J agreement) 1954 A4s new ass'td (1942 agree).1968 5A4s of 1910 (assented to 1922 . conv 100% 94% 15 1G5 % 105% A-O 1987 92 110 97% 96% J-D 1982 debentures — — 1922 ,, 1961 debentures. 2%s : """"""""" 1904 .92 100% "4% -- ALarge. A4s 89 76 J-J Q-J :::::::::::::::::: ASmall 75 55 conv debentures 'a 100 22 86 23/4s — -7. 98% 89 85 Q-J to ALarge 100% 88 86 F-A Atchison 8 A5s Assented . *100 89 | A-O Large A 1945 80% Telephone & Telegraph Co— A P W Products Co 5s due 101% 66% 1986 *4% — 100% 75 1930 3%s j-j 1 *70% 1975 — 1968 1899— 101% 101% __ ' M-S 1966 2030 debs Foreign Pow deb 5s 108 — deductions M-N 57 104% 104 % — debentures 102. 36% 104% 14 . debentures (Republic of)— §A5s __ 105% 106% A-O A-O 3%s (1942 agree)_,1968 .... *104% 106 2%s 99% 9% " 2%s 37% 14 COMPANIES 23/4s 1 81 5% 11V4 "99% 100 1943 ANew assented INDUSTRIAL 88 89% ' mtge 23/4s — 9% 50% 44% 44% A-O AND A-O Great 37 7 87 81%' 6 1 12 F-A Allis-Chalmers 5 86 V* 70 88% 60 10%: 81 79 82 F-A Power American 50.9 91 "77 1958 7s. Albany & Susquehanna RR 4%s..l975 Alleghany <fc Western 1st gtd 4s__1998 37 84 % 88% Alabama 2s ' 130% 82 83% 1978 Alabama 3s — 130 "83 1958 Mfg 93 ■ "82% 2%s Metropolitan Water Sewerage & Drainage Board 5%s 1950 Mexican Irrigation— -5A4%S assented to 1922 agree„1943 83% M-N J-D 1979 external Airlines 11 90% —— 27% 56% 10%. j-d M-N 1979 assented & 11% 15% '• *130% .1978 conv— AAdrlatic Electric Co 7s 10% 11% 5^8 "121 RAILROAD 101% 5% 1937)-- readjustment conversion., (City) A4%s 93 *126 — 28% 55% bd'/2 70 6 ~6 *49 10% 70% 11 9% *92% M-N AWarsaw 104% 80 35 16% 56% 78% 48 38 Id *6% — •' sink ($ 10% 10 112 A-O . 5 32% j-d High 58 55 9 F-A 16% i — 31% j.j —11951 Mtge Bk> 7s—1957 J-J — M-N Amer J-J 1957 26 * 73 "49 J-D 39% 18 61 1 8% *10 1946 33/4-4-4y8s 65 53 ■ ■ 10% 10 J-D 12% 5% 68 35% - 6 ■ 9% "65% 32% M-S —1977 (Colombia) ey2s . T. :;:/ 7 7s v 5 ■' 9 100% 101 J-J 1947 /"•. 9 M-N .,--—1977 §A7s series Italian Public Utility— Credit Institute 1% to 3% ..AExternal 7s (Kingdom of) A-O " '/■ //'; for 3% J^rUgJ3S,,fVlaiState AMedellin F-A i960 Credit Consortium .!• ?a£11c Works 1% V.'/--'. M-N'; 10 101% 68 M-N 1960 4-4%-4%s extl readjustment 3%s extl readjustment 30. 68 M-N 6s„__ 61% 15 "12 104% 104% -- 1953 assented 3%-4%-4,*88 extl r — 1958. 77 45 ' J-j —1964 f l-3s s 48 M-S 5s__i—1960 (Republic) extl *451/» — 1962 7s 55 10 55% 70% 1962 extl of) 71 73 55 % j-j 1968 f s ■'? 1967 ext 6%s extl Ital an A.Italy "71 1949 _ Eelsingfors (City) . J-J Republic extl 7s_; Government— part A6s $_. j-j Jan 1,1978 Jan 1, 1978 $___ 1,1978 ' (Kingdom)— extl sec (Prov External Jan A-O fund (Republic of)— f $— s 2012 2%) to external B External Salvador 4s Jan. 1 Low — — sink 83% El J-J — 70% AExternal 97% External Range Since Sold NO. High ''ivv AExternal 63 81% J-J 1968 loan Sydney County Council 3y2s fAUruguay (Republic) extl 8s 52 3 91% M-S 2004 2.25%) to reduced A7s A4%s 57 91% dollar A8s - J-J Bonds w 1958 Serbs Croats & Slovenes 79 16% Friday's Bid &, Asked Stamped pursuant to Plan A 84 * 76% 16V4 (continued)— loan reduced (Int 75% A-O or Sale Price Stamped pursuant to Plan A 47 y2 79% 75% (State)— Stamped assented (int reduced to 6%) extended to _.1960 lADenmark 20-year extl 6s 1942 42 j/2 : extl 46 % 41 '/a Hi, . water 82 ya 35% 33 44% (State) 7s A 41 y2 44 y4 y4 • 70 "47 44 Last Period Low 82 70 "77 1970 s Exchange ffigh Low 'v Interest New York Stock Jail. 1 No. y High BONDS Range Since Sold San Paulo (Republic of)— »A 6s of 1928 Week's Range Friday Bonds Friday's Bid & Asked Colombia A 6s SEPTEMBER 9 Week's Range Last Sale Price Low 3s RECORD BOND WEEK ENDED FOR Monday, September 12, 1949 4%s ser B Illinois Light 3%s 61 61 % *63 43 42% *108% 61 '/a 64 43 — 5 — — 35 ... 64 40 108 72 52 108% Number 4837 170 Volume THE COMMERCIAL & FINANCIAL CHRONICLE (1003) 27 NEW YORK BOND RECORD RANGE Friday BONDS Interest ■VI-NewYork Stock Exchange Last Period ■ FOR WEEK ENDED SEPTEMBER Friday's or . Sale Price Frldny Bonds Bid & Asked Low Range Since Sold High BONDS" ' Jan. 1 Low No.' High A of N J 5s gold 5s 1987 AOenerai 4s A 4s registered Central; New Central 1st & J-J 1987 York Pacific Q-J 1987 registered J-J 1987 gen Power ref 3 VzS ser A 55% J-J 130 Vo i02 % * M-N 1996 1973 J-D imp M 3%s series H 1st consol 2d gold 4s cons gold v 2 49% 49% 102Vi 105 % 1989 1st 7 122% 12 97 ,103% 10: 97 103 % 104% 105% 104%: 44 104% *122V/2 125 1st & ref mtge 3 Vis 1st ref mtge 27/8s & Lu F-A 1985 B F-A F-a 110% 107% inc mtge 99 1997 J-J 34% mtge 3%s ser B Chicago & Erie 1st gold 5s 1985 Af-N 68 1982 Af-N Chicago Gt West 1st 4s series A 1988 J-J mtge 4Vis Jan 12038 Chicago Ind & Louisville Ry— A 1st mtge 4s inc ser A Jan 1983 J-J 1st AGen inc A2d mtge 4Vis inc ser A * 109% 111% 1 109 111'A 1st cons 98% 101% mtge 3 Vis ser E 94% 99 " mtge 5 ^Vis 1st cons cons 32% 46 % 12 68 75 Chicago Indiana & Southern Chic Milw St 1st Paul & Pac 4s r Gen mtge conv 5s ' ' *35" * J-J 102% >1965 os 110% 112% * *105% A-O 105% 101% 104Vi *102 .A-O 105 __ 106 y4 *101 Gen mtge cons Ohio 4Vis ser A inc 3%s mtge G set* mtge 2s ser H Div 1st ~ 1971 59% •" 57 *— 99% 80 82 Vi 89% 79% 2 82% 82% 72 95% 36 60 Vi 102 *98 J-J MS M-S 1953 ; 59% J-J 2000 3'As mtge J-J A-O Jan 2013 F ser 87 Va 99 *101 99 102 105% 102 87 77% 49% 45% 65% 36% 33 51 98% *8734 81% 94% J-J 97% 97% 7 Apr 51 % 51. V, 5?% 28 48% Jan 12044 Apr 42%' 42 Ve 42% 16 38 3A 46% 46 47% 101 46% 59% 87 87 7 86% 91% 96 1959 Ai A 1st & ref 5s'series A Certificates* of 103% 103% 102% 104% 103 % 103Vi 101% 103% r"M-S 48 48 104 —1956 65 % 45% 104 • 45% " "M-S deposit Sugar coll trust 6s: 103% 103% 103 Vi 7'Jf-N "'"J-D 1974 1961 3sdebs_; & Rub ^Florida East Coast 1st 4Vis >?■ Francisco V *147 1965 1st stamped Firestone Tire ' 49% 100 120% 75 56% 1 A__Jan 1 2019 ser B ser 75 59% 1994 4Vis inc inc 118 "2 75 59% *48 y4 J-J 1956 El Paso & Southwestern RR— mtge 4s ser A 4Vis *120% 75 89% 100% 46 *110% J-J If-8 1990 23 . 59% „ 5 102% 102% M-N 1964 1st 2 , 68 . 102% 87% 97% 36 49% 49% 49 Vi 71 1053A Erie Railroad Co— 24% :68 i' 1970 113% __ 93 34 J-J Jan 2003 1950 125 33 103% 100% 100% — 88% 100Vi 100 100 Vi 73% 647A 96% 100% *87% M-S J-J 19951 (NY) 1st cops gold 5s Elgin Joliet & Eastern Ry 3%s ■ 5s conv East Tenn Va & Ga Div 1st 5s; Ed El 111 109% — 110%'111 a ■ 7 "J-J F-A 1977 118 — Chicago & Eastern 111 RR— AGen - 1961 1st *113% ' — J-J 1977 1970 series debs 100 High 65 1 130% 102 y8102 % " 4Vis 2.35s Low 101 % 100 130 % 130 y8 '' J-J 1958 ref & Chenllcal 68 Jan. 1 No. 67 J-D -~Af-N 1995 Detroit Term &?-Tunnel 4Vis„-____1961 Det Tol & Ironton RR 2%s; ser B__1976 Range Since Sold High 68 J-D 1993 Duquesne Light Co 2%s Chicago Burlington & Quincy RR— General 4s Low V •« . Detroit & Mack 1st lien gold 4s ASecond gold 4s Dow Bid & Asked 105'A , 102 y2102% J-J 1989 4s__- 103 102 Vi 102% F-A Div /" 70> 99% ,102 M-S 1996 A -48-A *104% 105 1965 series E & 44 lUbVi" 10 J Vi — 1992 series D R 56 - 105 Vi" F-A Ref Ref & 78 F-A < Ref & Impt M 3 Vis impt M 3Vis 78% 49 Va ■■ . Bonds Friday's or Sale Price Period tSADul SO Shore & Atl gold 5s_„^1937 1968 & 49% ■ a-O 1974 Champion Paper & Finre deb 3s Chesapeake & Ohio Ry— General goldv4%s - 19 t 24 Vi , mtge 3%s ser B 1st 61 61 ." Q-J ■ 1974 3s Ry Co— 55 Vi 61 60Vi v — '■■■:'>'■ ' i Week's Range Last Interest New York Stock Exchange ■ A Central y Week's Range '"U-N 59 104% 102% 65 54 < Chicago & North Western Ry— 2nd mtge conv inc 4Vis 1st Jan 11999 mtge 3s ser B Apr 1989 J-J ■— ; Chicago Rock Island & Pacific Ry— Chicago St L & New Orleans 5s Chic Terre Haufc. J' ref & Income 107% 107% Apr 91% 91% • J-D 1951 . J-D 1951 J-D Memphis Div 1st gold 4s 1st J-J 1951 Gold 3 Vis 12 91% 106 16 107% 88% 98% 102% *102% 104 103% ' *100% 101% -- 102 J-J 1994 jr-j " . F ' \ /- • • ■ Cleve Cin Chic St 5s Ref & Cin Wab 2%s ser 2%s ser mtge 2%s ser U)3 Vi 10 J -J 1023^2% 2 1962 M-S ~. v __ ... *104 •/ 1975 A-O 1973 j.j 102% „1969 series J-D ,^04 Vi 1961 4s Cleveland 1970 1950 Union gtd 4 Vis Fuel & Iron 3Vis Gas & Gas 96 79 83% 65% 77% 87% 1970 ' 104% 107% Hudson Coal .1962 J-D 107 Vi Hudson & 107 107 J-J - "2 106% *105 j-d 104% AAdj - A-O A-O 106% *97 Vi 100 106% 107 Vi 96 a-O 105 Vi 105 A-O 103 102% 103 Jf-N 105% 104% 102 106% 98% 103% 45% 45% 12 39% 50% 1964 A-O M-S 100% *98 98 100 104% 104% 104% 101% 104% 23 28% 102'a 102% 58 106 106 1978 J-D 101 103 101% 101% 101% 101% 103 104% 103 % 105% 1951 Jf-S 1952 A-O 1955 U-N *100 J-J *100% 4s_I. 106 106% *__ A-O mtge 2%s ser A 103Vi 100% Af-S 100% 100% 27 Omaha 1951 F-A St Louis Div & Term gold 3s 1951 J-J -^.1951 1951 J-J *101 J-J *100 - Div gold 1st 102% 105% 1st & 105% 1st ref 373 105% 112 Illinois 101% 103% Indiana 111 & Iowa 100% 104'A 112 110% 112 1968 A-O * 103% 1975 M-S debs 1965 J-J mtge 3 Vis 1966 M-N *94 96 93% 95% 1942 J-D *42% 43% 47 52 j-d 30 Vi 30% 27 J-J 81 81 J-J 28 28 30% § A Deposit receipts 1952 receipts 104 Vi' 103% 104% 84 *102 Vi 1946 J-D 1946 J-D .1975 A-O 1978 J-J *106 1978 30% 99 102 and ■ Chic St 1st ref N 1963 J-D 1063 J-D 92% 1963 J-D Great A 1970 1950 1986 91 *100 , *90 A Adjustment-6s series A___ July 1952 79 81 A 1st 5s 25% 30% A 1st gold 30'A 29 35 30 35 A mortgage 3s 1st mtge 3s series A Dayton Union & Co Deere 3%s Ry N Lack Lack Y 1st ref & AIncome Morris A-O 74% 24 Coll 1st 5s Essex Power & & mtge *105% J-D *102 A-O 1963 Jf-N 92 29 ser C 1973 1993 -ii Jf-N Jf-N . *78 49% 49% Light 3s Jf-N 1973 3%s tr 27/8s-_, tr Denver & Rio Grande 1977 80 73% 87% 49% 48 68% 1979 56 »A A-O 56% 56% 12 52% *105% ; J-J 69% 103 __ 105% 106 J-D . 106 *103% 104% West RR— mtge ser-A (3% fixed 1% contingent int) 1944 1972 l-O 63% 62% 63% U-N 97 97 97 j-d *65'A if-a 101% 102 Denver & 1% Salt Lake Gen & ref 3s Gen & ref conv 71% 71 97 66%' 100 ' 64% 3 77 102 96% J-J 917% 91% 92'% 87 92% Apr 60 % 59% 60% 58 65% 1993 J-J 1966 M-S 1970 J-D 14 l-O : : j-d j-d J 105- 100% 103 12 102% 104% 104% 105 100 hi 3 A-O .1961 1997 —1964AV 195® *102% *114% *30 j-j — 102% 114% 98 ' 100% 35 *98 99 II 179 179 108 108 j-j j-j 104% 114% „ *97 j-j 105% 99% 99% ■ J-J II a-o 101% 103% 16 *103% 105 J-D ■ 96 85 2 11 100.V2 100SS 100JI A-O 85 102% 103 104% 104% , __ A-O ——1961 unguaranteed —.;—; Kings County El L & P 6s Koppers Co 1st"mtge 3s_; lAKreuger & Toll 5s ctfs 85 85 102% 180 173 104% 104% a-o jf-a ■„ MS 119'A ;• 101% 105 1% % 2 *1 — mtge Detroit Edison 3%s series 3s 1993 2018 (3% fixed contingent int) Income 60% 17 K gold 4s—1990, Kansas City PoV/er & Light 2%s__1976 1st mortgage 2%s t 1978 Kansas City Southern Ry 1st 3s„1950 1st mtge 4s ser A 1975 1st mtge 3%s series B_i_——:—1968 ' Kansas City Terminal Ry 2%s .1974 Kentucky Central gold 4s ___.1987: Kentucky & Indiana Term 4%s—1961 .Stamped —:—.—:1961 Kanawha & Mich 1st gtd 4%s (4%% mtge ser A contingent int) Central Pow & Lt 2%s— .1978 Jersey Plain 1st AIncome 71% *60 102 Co— May 12042 coll 91% 101% 103'A 90% 96% 6 division & coll 91% 26 y4 53% J-J 104% 102 __ 105% 104 __ 103% 103% 102% div 4-6s Tr mtge 1st M RR J-D 98% 102% __ 76% 71 J-J SAInternat Hydro-Elec deb 6s Int Rys Cent Amer 1st 5s B ; 20'A 53% 14 1956 i C— 59 8 70. Jamestown Frank! & Clear 1st 4s. .1959 102% - 1965 r*tge due & Delaware West & & Western 102 1965 B ser 2%s debs___ Delaware & Hudson 4s extended Delaware 102 100% 93 74% • D Dayton Pr & Lt 1st mtge 2%s 100% 98% 101 1956 B 91 14 23% 74 % J-J 1952 series 87 78 *69 5s 99% 93% 86 86 RR— 36 series 101% 92% 9 93 91 91 J-D Northern 31 *29 92 J-J ser 1st series 103 66 98% *84 J-J gold 4s 4s 1st A 6s 96% 97% Ry Ar; 102 101% 101% 100 : O— 4s ser D Terminal ^International & 100% 101% 101% *100% series C.__: vet 4 Vis mtge L 103 100% 100% 100 *102 series A 5s 99% 10 99% *99% F-A 1951 Indianapolis Union Ry Co— Ref & Imp 2%s ser C J-D 111 Cent 99% 99£ F-A 102% 105 99 Registered' 100% *101% 102'A J-J 3%s 6 1963 §A6s series B deposit receipts 3%s Springfield 2 105% 105% rets 3s. 105 105 Vi ACuba RR 1st 5s gold gold Joint M-N 1st 5 Vis Gold 1st 102 J-J 1st mtge 2%s Div j 1979 88% 103% 100% 104 % 98% 1972 107% 77 104% 94% & 104% 41 100 3 1st 10 84% 83% 83% *100% 104% 28 98% 102 103 104% 104% 104% *102% 1st Div 101% 102 J-D 101% 100% J-D Bridge goid 4s__! Litchfield 101% A-O 2%s U-N 96 1972 100 13 101% 101 % F-A .1966 70 *35 M -N 1953 Refunding 5s' 4 1977 debentures %s.__^_____„-1952, 99 1st D 3 Western Lines 1st gold 4s 1982 ref mtge 2%s ser B & ref mtge 2%s ser C mtge 3s ser E lines trust'gold 4s___ — J-J 107% York— & - — 1950 gold 3s 1951 Louisville Div & Term gold 3%s_1953 104 % 106 1 104 106% 101% *101 *101% 106% 105% 105 Vi F-A 1965 16 102% 97 102% 15 106 102% 101 1st 67% RR— Debenture 4%'s 106% 107 Vi F-A __1961 New A.—1981 /•J Cairo 3 Vis §A7Vis series A deposit 55 > 19'A 91% A-O 108 106 § A Deposit 81 335 J-J 106 Ry 61% 28% 90% 1951 *106 f 3%s A Northern 96 60% 27 91 1951 *108 106% § A Cuba 79 61 27 1951 F-A 3s 17 f-a gold 3%s— 1st gold 3s sterling— Collateral trust gold 4s M-S 104 1st 100 a-o 1st Extended 1951 Baking : 4s— 1970 103% Crucible Steel 127 95V 5 .1957 1st 5s A 3%s 3%s 101% Continental Central 1st extl 4s 19 *102 Consumers Power '. 100 ■;• 99% 121V* ' 100 96% 5 99%" 99'% *127% gold Collateral Gas " gold Purchased Natural 99% j-j 1st 101% 105% 105 Vi *104Vi 105 Consolidated 101 103% __Feb 1957 f 5s series A s Illinois Bell Telep 2%s series 1st mtge 3s series B—: Refunding J-D conv 103 % 108 11 27 105% 3s series 99 95% 103 — 101% 12 J-J 3s 1st Manhattan income 5s if-a v ioi% 101% F-A A-O ref ' 61 — 99% *103% 104'A j-j 1951 1st & ref *93 J-J 82% 100% of 48'A 29 " 74 101 % 95% H 103% Edison 1969 : *77 1999 & ref *104 M-N 1978 1st *99 A-O 101% 60 57'A 1st debentures 1st Af-N .1999 *102 Consolidated J-J 1976 Hocking Valley Ry 1st 4'As Household Finance Corp 2%s Illinois Ry & L 1st & ref 4Vis s 103 Va 100% 97 80 57 57'A 1968 2%s___ Hackensack Water 1st mtge 2%s__ 1976 A-O Cigar Corp M - 100 ' *99 Apr 62 V2 3s Conn River Pwr A-O ; 68% Af-S Consolidated 11 1978 1st 10% 7 99% 99% 50 1977 f Util 70% 62% ■"e *69% 54% 22 1st mtge 3s series L 1st mtge 3s series N s States 94% Jr 98 ; 102'A 102% 102%. J-J 57% Commonwealth Edison Co— Conn 1969 1st mortgage 3s 3s debentures 20 "9% *7% J-J _ 60 Vi Corp— El Dl sens Collateral trust 3%s_____ Gulf 1974 Ohio July 2015 inc .4s ser B-_^.___Jan 2044 1973 Sou 1975 A 991 lgso debentures Toledo B__ ser 59 1971 Columbus & Series inc 5s ref 3%s 97% 97% 75 < 86% System, Inc— Columbus & . 4s mtge RR— *54 1973 debentures 3s "5 84 1977 . Electric ref Ohio 91»A 8oy2 "3 *64 A-O 95% 86% 80% 80% Feb 98 92% 92 *91 Feb 1959 118 y* 96% Co— debentures 3 Vis 102% Corp— 1st mtge & coll tr 4s Columbia 83 % *__ 59% 1972 Terminals (stamped modified) Columbia 111 deb ctfs A J-J 1961 mtge 5 Vis series A1st mtge 5s series B 1st mtge 4 Vis series C Colorado & Southern Ry— 4Vis 83% J-D 1990 1st Colorado 102% 92 *72 J-J * 1982 Series D 3 Vis gtd Short Line 1st Gulf Mobile & 1st & 99 4 __ J-J B 98 *95 J-J 1961 97% 98 J-J R_ West ctfs 1982 ;___„2010 Greyhound Corp 3s debs_" Gen Pittsburgh RR— Cleve Bay & Debentures 103 106% — 102 % 102% *94 J-D 1991 1st mortgage 3s & A 1st & 100 102 Vi *110% 102% J-D 1977 1st St Louis Div 1st coll trust 4s Cleveland Electric Ilium 3s Cleveland AGreen P 124 93 Ry— ,1993 Div 104% 101% 106% *102Vi f-A B Mich 103 % 102 Vi 102% 102% F-A 1974 1966 Louis 106% 101 5 Gen mtge impt 4Vis series E & J-J mtge IIOV2 120 116 v J-J mtge 103 gold 4s General 1990 2000 Gen 105% 105% 1993 & General N O 72% Cincinnati Union Terminal— mtge gtd 3%s series E 117% 118 ser 107% 5 123% 123% 118 ser 80 1952 1st mtge 23/4s ser G City Ice & Fuel 2%s debs City Investing Co 4s debs 123% J-J 3%s 87 15 J-J 3%s 103'A 7 J-J - mtge 99% 12 - 1976 82 10 107% 108 .1952 mtge 65 J -J ' >. , D Gen 71% J -J ■■1:1:: 86 102% 103% -Jf-N ;.1973 Gen 1963 * B series 75 Vi * 70 Vi 1963 Cine Gas & Elec 1st mtge 23/4S 1st mortgage 27/as 1st 4Vis Gen 1st mtge 27/sS ser G Chic & Wgst'n Indiana conv 4s 1st & ref 4 Vis series D "-r series 5Vis General 5s series C 66 : — Chicago Union Station— -V General 86 M-S - Gen <.1994 23A 4V4S 1st mtge 3 Vis series Utilities Corp— A4s conv inc 'debs ■: 1969 Goodrich (B F) Co 1st nitge 2%s^l963 Great Northern Ry Co— General •. S'eastern Ry— 2%-4y4s General Realty & i:- . 1st mtge 4s series A 1994 AGen mtge conv 4 Vis ser A_Jan2019 G series II 2%s series —1958 debentures for footnotes see Dage J 1982 I 29. . 80 7A 80% 4 110% 77% 82 108 7 107% 110 105 106% 7 104% 106% Laclede Gas Light 4%s conv 101% 101% M-S J-D 80% 108 106% 19 98% 101% Lakefront Dock 109% 110% 35 • 105% 110% 1st & debs__1963 RR Terminal— . mtge st 3%s ser A——1968 j-d 118% 119% 55 107% 119% .28 (1004) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, September 12, 1949 NEW YORK BOND RECORD RANGE Friday Interes! BONDS New York Stock Exchange or SalePriea Lauiaro A 1st Nitrate 19F7 & Bonds J-D High 89% Low 1971 i 94 94 93% 93% — 81 — 5s .19M r-A .1964 r-A 1974 r-A Lehigh Val Harbor Term gtd 5s—1954 Lehigh Valley Ry Co NY 4 Vis ert_l950 Lehigh Valley RR— 4s stamped modified 4% r-A 2003 M-N 2003 modified series C w 2003 w i L_. — 2003 ref Elec 28 & ref 40% 5 35 11 50 52% 54 56 56 60 ■ ...» 34% — A-O 35 61 74 ♦122 120 ££- 106% 106% « MM. M-U j-d r-A T . 'I-, I,' • , ,r ' 123% Gen 108% 1937 & gold 6s y, m-m I>t 1 106% 103 % 3 4 —" — 1943 A-O U-M *90 M-M 103% 108 % n.r 4%s series A 94 94 4 87% 83% M—- 83% 1 76% 99% 100 ■ 94% 3s J-D mtge 8c con 4s ser B 1954 Manatl Sugar 4s sink fund__Peb 11957 RR f Southern) Lines) 4s JP8# May Dept Stores 2%s debs 1972 Mead Corp 1st mtge 3s i960 Metropolitan Edison 1st mtge 2%s.l974 Michigan Bell Telephone Co— debentures igftg Michigan Central— 2% 8 Cum . series series 1st & A 1987 19flo A 1062 2047 Jan 1967 (joun, <b lat Constr M 5s 1980 gtd 4s js JS 100% J-l» 100% 103% 103% 3 107 100 ~4 75% 108% 108% 61% 88 A impt 5s series C Impt 5s series D 2047 J-J 87 87% 5 83 95 2047 j-j 87 87% 8 81 95 1973 M-M 99% 100 % 52 Coll trust 4 %s States Power 1st mtge 2Vis mtge -1974 -19'7* »m~ 3s 1st —197F mtge 105% 3 gtd 3V*8 —1979 v MM 48% 62 44% 45% 13 41 53% 67% 68% 20 66% 74% ■■ 67% 72% 101% .-r 18 , 73% 102% 87 79 2 72% 85% 61 61 1 61 69% 62 62 6 59 70% 66% 67% 86% 67% 21 59 80'/a 86% 45 V2 230 37% 49% 86% 87% 81 75% 89% 87% 48 75% 89% 24 % 23% 24% 79 20% 27% 87 87 87% 36 75% 89% 86% 86% 87% M-M M-N 1988 ♦56 M-M 25 75% 50% 56% *103 . m-U 1955 89% 86% • -2000 195* 46 % 75% 45% A-O r 16 86% A A 87% ' m 104% 89% 62% 103% 104% 101 *101% 102% '■ ■ 55% M-M 55 % 56% 12 50% 58% — 72% 72% 2 70 81% 69 69 3 65 75% 97% 98 91 98 - 69 IT ■ *104% 11 — __ 100% 104% N debentures J-D 1965 .1967 1954 89% 102 Vi 102% a-O Supply 2%s debs Naugatuck RR 1st gold 4s_ England Tel & Tel Co— 83 89 % 16 93% 102% 104% 104% J-D New 2 103 % 105 J/4 gtd 4Vis series B 3s debentures 1961 1982 IIIIIIIIII1974 Jersey Bell Telephone 3 Vis 1988 RR gtd 1st 4s 1986 New Jersey Power & Light 3sH~~1974 N J Junction New Orleans Great Nor 5s A 1983 New Orleans 6c rnurmeastern ntx— Ref 8c Imp 4 Vis series A 1252 New Orleans Term 1st gtd 4s __196J tNew Orleans Texas & Mexico Ry— a 1st 5s series B 1954 A Certificates A A series Certificates A 1st A 5s of Certificates 5 Vis of series ACertlflcates of V-V 1993 A Y Dock Mtge Mtge Por 4s 4s v if-a , j-J series series footnote ■' .•'«* 107 1960 A-O Pacific Gas A Electric Co— 1st A ref 3Vis series I 106% 101 101 101 105 105 105% 20 103% 105% 106 106% 10 102% 105% 105% 105% 2 102 % 105% L. .1974 J-D 104% 105% 19 101% 1st A ref 3s series M. 1st A ref 3s series N_ 105% .1979 J-D *104% 105 % 101% 105% .1977 j-d A ref series 3s 1st A ref 2%s series P 1st A ref 2%s series Q 1st & ref M 3%s 1st & ref M 3s Pacific Tel 2%s R „ 104 % 104% 4 95 100% 102% 102% 4 98% 102% 105% 105% 6 104 102% 1 100% 100% J-D j-d *106% 2%s 1»«* j-d 103% 105% J-D 5 103% 104 J-D 100% 100% 100% 8 100 7/a 102% 102% 5 93% 95% 8 100% 105% 103 107 104 .1986 A-O 102 debentures 1987 A-O 105 104% 105% 3 Vis debentures 1971 U-A 107 107 3Vis debentures A III 1st s f gold 4%e Pennsylvania-Central Airlines— conv % 107 1982 Paducan M-a *104% 105'/a 1951 j-j *104% 10 income debentures—1960 series 4s E trust OtfS 1932 A-O e6»/2 61 65 67 *103 104 J-D *102% 105% 104% ~ M-N Pennsylvania Glass Sand 3%e 1960 Pennsylvania Power A Light Co— 1st ™fr° tonm. 3s f 8 dohonfnrftw Pennsylvania Cons 104% 52 |gg| 4%s General 5s General 4 Vis mtge deb series 103 __ 103% 3 *102% 104% — 100% 103 1141/4 114% 4 113% 116 99% 104% A —1966 j-d 98 79 95% 1961 j-d 101% 142 96% 1981 A-O 89 87% 89 37 85% 101% 1914 j-j 89 87 Mi 89 9 84% 101% A-O 29 98% 102 1916 j-j 1963 j-d I960 A-O B series D_ series H 3 Vis 3 Vis 114% 1982 series 4 Vis mtge W-A __ 69% 104% 103% 104% A-O 1960 £ 102 RR— sinking fund 4%i_ General A-O 102% 100% — Pennsylvania Co— Gtd 105 1983 debs debentures A3Vis 101% 1983 ser S ser Tel A 1981 1980 series F J-J 100 96 98 99% 101% 99% 100% 77% / A-O 118 1 *104 104'/a *104% 105 117 118 99% M-M A ref 2%s .1971 77V4 3 117% 151 75 ref 2%s .1967 M-M A ref 2%s. .1974 — 75 1st A 100 98 105 ya 100 % 104 MM 93% ' 93% 88 97 97 89% 93 95% 88% 95% 93 93 10 MM "l 93% 85% 93% 50 61% 98 52 A-O 66% 62% 1937 J-J 1997 J-J — 99 25 — — 92 99 93 95 61% MM r-A -Vi-MM.'' " •/. " J-D 59% 73 31 68% 81% 74 1 64% 75 52% *48'/a 52% r-A 80 78% 74 r-A 62% 77% M.M 52 53% 52 *50 'MM'' 100 30 52 100 -- 12 52 ' ' 52% 50 . 56% 60% A-O 95 -MM A-O 90% MM 101 —- 95 90% 100% 101 *100 106% 110 87 * 95 35 100% 10 99% 103 102 % 104 % 104 - 99% 102 % 5 104 % 104'/a 1 101% debentures gen 7% 9% 9% 99 5 9 9 4 7% 101 % 97 — *102% 108 r-A *109% M-N 110 103 103% 102% 102% 104% 10% 10 99% —' __ 110 2 • ' 107%. 103% 105% 103 % 103% 108% 113% 109% 114 % J-D 99% 100 96% 107 1976 A-O 98% 99 11 97 108 1976 A-O 78 78 1 75 1 99% 1970 1966 M-M j-j 6 100% 100 % *102% 103 .1966 A-O .1959 J-D .1959 A-O *83% 85% I960 A-O *83 89 101% 100% 103 — 97% 103 1 81% 84% *99% 100% 83% 83% 92% ' 81 92 80% —... 92 107% 109 Ry— 1962 F-A 1974 J-D —1977 J-D Pittston Co 5%s inc debs. Potomac Elec Pwr 1st mtge 3V48 1st mortgage 3V»s .1964 J-J *108'/a — —— *99% 103% 1966 j-j *106 1977 F-A 99% *108 100 100 1st mortgage 3s 1983 J-J 100 100 1st mtge 2%s 1984 100 ..1956 U-M 106% 100% 106 107% 106% 108 102 104% Jf-N 95 Providence Terminal 4s. 104% 104% ♦II ' 103% 105 105% 105% *104 .1964 _ 4%s series D_ 9% .1963 1st mtge 4%s series B. 1st mtge 4%s series C Pitts Youngstown A Ashtabula 95 Mi 103% 102% 102% *103 103 r-A Plttsb Coke A Chem 1st mtgo 3%s_1964 Pittsburgh Consolidation Coal— 90% 92 110 Jf-N 3%s 116% 106% J-D Pittsburgh Steel 1st mtge 4%s_. Pittsburgh A West Virginia Ry- 16 103% 106% 1957 j-j 61% 104% 104 % -I960 gen 5s series B 1st gen 5s series C 101% 114 117% 11 1953 Cons gtd 4s series G Cons gtd 4s series H Cons gtd 4%s series L. Cons gtd 4%s series J. 1st 99% 114 | "99% 100% 1st MM *__ J-D 58 85% 96 9 *103% 103% 100 12 10 104% 105% T-A 94% 24 50 103% 102 % 102% tSAPhilippine Ry 1st s f 4s. .1937 A Certificates of depoeit. Phillips Petroleum 2%s debs 1964 Pittsburg Bessemer A L Srle 2%s_ 1996 49% MM 99% MM r-A 2 ■■■; 12 14 *107% 105% j-d .1979 1 — ' . .1991 2%s. lst mtge 4%s series A 61 / : ! 50% 2%s_ ref Pgh Cine Chic A St Louis RR— Gen mtge 5s series A Gen mtge 5s series B Gen mtge 3%s series ■ 63 98% MM ref 1st A 56 Pgh Cine Chic A St Lonls Ry— Cons gtd 4s series F 103% 97 102% M-M 103% 55 *11% 106% *103% 105 j-d A 1 — B 1st 15 95% series 1st 103% 113 Wash RR Co- 1st 75 97 A 5s 107 101% 102% — Bait 105 56% J-J r-A 1910 55 Apr 1974 104% 54% J-J Apr 1990 103% 55% F-A ext— 4s 103 "l 107 53% M-N Eastern 4s j-j 95% F-A r-A A AIncome j-j 97 V-A 1992 Peoria 117% r-A 103% 103% J-J 1999 debentures conv 1961 55% 2043 101 105% 105% 1977 *105% 106% *99% 100 MM — t 2«- 95 2 100% J-D 1974 53% ^043 16% 105 96 J-D Philadelphia Co coll tr 4%s. Philadelphia Electric Co— a-o 1951 100% *100% 100% J-D General gold 4%s series C. 2013 L2000 10% "7 .1971 General — 1992 / 14% 105 .1970 102 r-A series B__1975 A 107 .1966 100% A-O 1905 B 105% — 1st A rei 3s series J. lst A ref 3s series K. 98% *75 .' J-J 1990 .mqt A ser 101% 107 r-A 1999 gold 4s gold 3Vis 97 J-D Phila 118 A-O Chicago A St Louis— 1st • 97 — J-D 105% 2012 3Vis registered N Y A Harlem r-A 1978 1979 104 1293 A Vis" Connecting RR 2%s N 118 Hudson River RR— Ref mtge 3 Vis ser X J st mtge 3s ser p N Y 1973 mortgage 3s 104 • 1994 General mtge 3 Vis 3Vis registered Lake Shore coll gold 3 Vis 3 Vis registered New York A-O 103% denosit Mich Cent coll gold 3 1973 105% deposit Ref & . V-N M New York Central RR Co— Cons 4s series A J Central 8c 105 "99% 100% *101% 102% J-D deposit Ref 8c impt 4Vis series impt 5s series C *13% M-J ♦104% 105 u 1933 4Vis series D 1st J-J .1974 *105 deposit C of 99% . 1943 1st mtge 3« Peoria A Pekin Union Ry B%s Pere Marquette Ry 3 He sex D 1st A 1st *105 4AS mtge 2%s Oklahoma Gas A Electric 2%s 1st mortgage 3 Vis 3s ♦86% A-O National ..... 101% • Peoples Gas Light A Coke Co— 3%TdebsIl974 National Steel Corp 1st mtge 3s debentures guaranteed 1st Gen r-A 1979 New 101% 98% ' O Conv ■ Nashville 3s *99% 98% 5 5 mr*. M-S .1972 101% 101% 101% 101% *101% 1st ''MM - MM MM 82% A-O Products 101% lub '/a 105% 82 MS Chattanooga & St Louis— ' 1st mtge 3s series B 1980 National Dairy Products 2%s debs.1970 3s a-o 100 98 102% MM ■ Nat'l Distillers 95% 103% 102 *102% r-A series A ' r-A j-j A-O mortgage 3s § A 1st Cm ■ 87 100 Co— 1st mtge 2%8-.n.iil. 1st 87 81 66 MM M-U 1991 debenture* , 64% 72% Oregon-Washington RR 3s 100 99% 1 *l05'/4 /mm, ■ a-o asos . Mountain States Tel 8c Tel 2%a - 101 M» 56% 54 Ohio Edison 103 ^ . J-O B„ZIl906 ueob Constr M 4Vis series B 3y»s 61% tOgdensburg A Lake Champlaln Ry— — MS .1981 series wo H I 1st Monongahela Ry 3Vis ^Myrreu 107 102 *48% r-a 1942 series 106% 94% 43 99 61 3Vis A ser series *97% 5 95 61 100% .. *105% 105% a-o 1968 1972 gold 5s 01% 4 91% 97 . —M j-j 1975 Mohawk & Malone #- «r 61 __1977 5s Q-F ' 72'% P ref 108% js G ref MS js series gold 5 Vis I 75% js series & 107% 97 .. 1902 D 5s & . 1975 B 5s 1st ' MS ref A 1st 107 — " MS ref & AConv a-o a-o A General 4s A 1st 105 18 103% 103"% 71% 85 5 *103% 104% 102 Jan 1991 adjust 5s series A 103% 102% 87% *89% 1967 1st & ref 5s series A A u-m RR— 4Vis series 112% 78% (Minn) 61 102% 102% j-j Jan 1971 ♦Missouri Pacific RR Co— A 102% Ste Marie— Missourl-Kansas-Texas A 6 55 ♦100% 101 j-d ioaq 5s 65 3 87% ♦ :' j-j I2fl2 ,rA2en mtge 48 lnc Ber A Mo Kansas & Texas 1st 4s 4s 'l 88% 86% 87% M-M u-m debentures lien 1 88 M-N MS IJAMldland of N j ibt ext 58 Minnesota Mining & Mfg 2%s 40-year J-D 1972 A q-j 130% 111 58 93% 100% 85 128 . 78 109 % 1 72 1 2 ■ 58 100 97% 92% 107% 65 lgflt 1st mtge 3%s Prior 65 1852 Michigan Cons Gas 1st mtge 3Vis.l969 lien V.'' .. 4Vis series C ser 77 113 J-J Northern 10 102% 102% 105 % 109 % Q-A 1st Jack Lans 8c Sag 3Vis 1st gold 3 Vis Prior 102% 101 % 108 % ' Manila 1st mtge 4Vis inc 1 — Q-J .Jan 1 Northwestern Bell Telephone— 3 Vis debentures M-M 1960 75 101% I0o% impt 4Vis serin* A._~...2u47 84 38 93 62 % 97% — 107% M-M 1997 22 103'/a 130% 130 % *111 ' lien - 1172 1st Paul 8c Sault 2 77 46% 35 14 Ref — M St 130% 1974 4s registered 1st Minn 77 A-O u-a 1997 33 10 105% 105 % A-O 107% 28 62% *106 1974 13 ■hr — 101% 101 % j-j I,•, 36% 98% 104% *106'% 107 % 1962 63 % 96 4 18 62% 5 50 35 j-j 1st gold 4S.1996 5 99% 36% r-A 1981 56 11% 101% A (Wise) f 98 % Ref Ref A 2003 s 32 *12 u-m 1982 registered General 105 108% — — 1980 mtge 2% Pacific Railway— lien 4s 3s 102 Vb 104 p RR— 195B 3%s 6% 55 % W-A 1973 D »**> Western Ry ret Prior 50% 104% 104% * - H 1st 101% 14 22 00 r-A 1940 Central gen A ref 5s Northern 26% 104% 105 • 2d gold 3s Cine Dlv 4s. impt 58 CO 3va us 5s 1st atiefl: ""er Northern 103 —— : 106% 106% A-O MS -197« V-—> A-O & 103% 101% 102 101 % 1017/8 1st mtge 2%s—1973 Niagara Palls Power 3Vis Norfolk Southern Ry co— 106% " A-O Ref 69% 48% 2% Y Telephone 2%s ser Ref mtge 3Vis ser E Ref mtge 3s series F 103 1 •100 -2003 3Vis 56 33% 8% j-d ' .1966 Macy (R H) <k Co 2%s debs Maine Central RR 4Vis ser A 84 86 ' a-o —2003 & 32 2 71% 3%« Louis Dlv 29% 32% jATerminal N Norfolk A 71% 3%s series f. St -27 25 31% 60 38% j-j 49% 30 28% *33 — • 102 us 4 Vis 51% 81 587/« "99 gold 72% 71 — 105% 105% gold High 62% 37% : j-j 8 A 2d 2%6 series G Atl Knox 59% 38% j-j 5 A General 28 A-O 1963 ser J-J May 1963 46% Jan. 1 Low 10 74% 1277 42% Range Since Sold No. 70 IN Y Susquehanna A Western RR— SA 1st refunding 5s 1937 32 ''mi «*' 70 A-O 31 40 Bonds High 1293 5 M M 41% 30 Friday's *73% 1953 & Putnam 1st cone gtd 4s N Y State Elec A Gas 2%s N Y Steam Corp 1st 3Vis 2 1st ref Mnfl A.2022 ser N Y 24 1st & ref M & jr-M M-U tAN Y Ont A West ref 4s—Jane 1292 34 % *30% K) 1951 mtge 3s Louisville & Nashville 70% 72% 30 87 *58 —, 1952 3%s_—. txGeneral 4s N Y Power A Light 60 — or Bid & Asked Chester— £ 36% *54% —' 1982 Loriliard (P) Co deb 5s 3s debentures & Port 93 36% 40% , 2—2003 Miami gen 4s series A Lombard Electric 7s series A Gas A 56% 3 ; 34% 51% ,; Vi, . Week's Range Last 8ale Price xw. A ser lnc 4 Vis conv River 96% ' 75% 34% .2003 i Little 1st & 4s mige nuge 36% .j, Lehigh Valley Terminal Ry ext Os.1951 Lexington & Eastern Ry 1st 5s 1983 Liggett & Myers Tobacco 5s 1951 Louisville ref 36% 36% 2003 A4s series D wi w 34% M-N 2003 2003 A4Vis series E wi series F A 101% ' 67% ' 34% M-M cons mtge 4s ser A Vis series B w i 1st 65 % M-N A 5s 1st Hariem 78 77 *67% — M-N stamped 5s a 67% j-j 2003 Gen 4 94 97 naruuru o* 72 83% ' ^ *72% stamped modified.. 8 uttveu 98 c ^ 2003 4Vis registered 5s ♦99s/a . registered 4s x 91% 3 1273 1973 4%s series B Jf-N 1 stamped stamped stamped 5s N Y Lack & West 4s series A 88 10 Lehigh Valley Coal Co— 5s 96 Vi 90 Vi nGen A-O Period low Navigation Co— .1970 Exchange High, 74% 8 90 Interest New York Stock A S i» mtge 3 Vis ser A «) BONDS Jan. 1 No. 89% ♦83 Range Since Sold Ltd— Co mtge income reg Lehigh Coal J-D 1997 SEPTEMBER Friday Friday's Bid A Asked Low Lake Sh & Mich Sou gold 3%s 3%b registered ENDED Week's Range Last Period WEEK FOR 99% 10 99% 99% Volume Number 4837 170 THE COMMERCIAL & FINANCIAL CHRONICLE (1005) NEW YORK BOND RECORD Interest BONDS Feriod New York Stock Exchange WEEK FOR RANGE Friday ENDED Last or Sale Price .1963 Jan. 1 Low No. High 1st & ref mtge 3V»s_ 1st & ref mtge 3s. 1st & ref —19b0 105 105% 1083/8 108% J-J .2037 J-J "148Vi .2037 mtge -SsL. J-D 107% 2 Y '"217 104 & ref mtge 3s__ 1972 Af-N 1061/4 106% & ref mtge 2%s. 1979 J-D 104 Quaker Oats 2%s deb. .1964 7 104 »/a 25 RR of Orleans 3%s__1974 New 1 High 45% 18% lOO3/* 102% 41 71% 16% 45% 36 17% 73 104 V* 102% Low 45 J-J 1960 Jan I960 Tol & Ohio Cent rel <si impc 3%*—1900 Tri-Continental Corp 27/8s debs 1961 106 3/8 103% 100 V* 1st 1st Jan. 1 No. 102% 102% J-D tThird Ave Ry 1st ref 4s 148 220 Range Since Sold High Pacific-Missouri Pacific— Term 109 V* 146% Bonds Bid & Asked Low 105% 215 — Sale Price High 101% 14 Last Period New York Stock Exchange Texas M-N Week's Range or Friday's Interest BONDS Range Since Sold Public Service Elec & Qm Co— debentures 9 Friday Bonds Friday's Bid & Asked Low 3s SEPTEMBER Week's Range 17% A-O AAdj income 5s *94 j±D 95% 94 99% 99'A MS 98'/a 100% 102 U J-J *102 Vi 103 Union Electric 1st mtge A Reading Co 1st A ref 3 %e ser D__1995 Reynolds (R J) Tobacco 3e debs„1973 2%s Jf-N 89 89% 16 1053/4 1053/4 A-O 8 93% 85 102% Gas & Elec Corp— mtge 4Vis series D mtge 3%s series H Gen Gen mtge <T-an mtsre 117 118 US series I 1967 MS I960 MS *106 1949 J-J 1941 J-J __ Bwunpcu 4Vis stamped 107 % 9Vi 10 106% 7% 103 103 102% 103 99% 104% 103 11 1013/4 100% 104% 8 103 1991 '■ ■ 993/4 103 Jf-N 1967 1959 33/4S debs... 103% A-O •mm. 15 91% 10 99% 101 % —• 93% 94% 96 96 75% 80 *94 % —— , 96% 953/4 A-O 1976 2%s debs debentures Universal Pictures 1003/4 1013/a 101 ®/a MS 1960 C series 2%s Rubber 103 F-A *103% 104 95 1001/4 *96 If -8 ■ *82% — — 97 10 8% 9% 6% S 2%s 1053/4 *8% mtge J-D 1970 United Biscuit Co oi nmer 2%s U *11 J *s RR 1967 *119 % series 3 Vis 3Vis f A Rut-Canadian ARutland MS J-J : RR— debentures Ref 1977 5 3 1970 debentures 27/8s — 101 3/4 1013/4 104 Va 104% M-N 1967 deb 3s 108% 110 ■ *109% iii A-O 1968 : Calif of t_ 1975 coll trust 2%s Pacific Union 106 % Rochester Gen Oil Union M-N 1971 3%s debentures 3s R Co of Mo 12% V Saguenay Power St Lawr Adir 1st gold Ss 6s 2d & gold 3s series 1971 mtge 4s series A 2nd mtge inc 4 Vis ser A Louis-Southwestern ■1st 4s 2d bond inc 4s 1997 Scioto Union 102 97% "3 67 67 76 71% *99 — 100 97 ■i;!' 85% 85% 86 May 52 51% 52% ' 100 83 ,30 1989 Nov 1989 1990 M-N 110 110 J-J 110 *90% J-J 102"% J-D *1073/4 1971 A-O *102% 1989 M-N 127 -- 127 4 1st mtge 4s series A AGen mtge 4Vis series A 3s Sons & 1990 J-J Jan 2016 J-J __ 1960 J-D —— 1974 (Jos E) J-D 1971 A-O 2Vis debentures Shell Union Oil 2Vis debs 101% 1013/4 1013/4 101 62% 62% 14 *96% 97% t§ASileslan-Amer Corp coll tr 7s__1941 F-A 99 J-J — 1975 J-D South 1963 A-O 1979 J-J Southern 3s Ala Bell RR Tel gtd 5s Tel A 2Vis debentures Pacific 1st 4 Vis 48% 693/4 98 1003/a Walker 1003/a Ward 541% 102% 99 3/a — 123 123'/a 13 100% 105 % 101 % IOIV2 J-J 1994 Ry 2%a J-J 17 94% 101 % West Penn Power 97 102% West Shore 70 77% *103 1033/8 *70 — 71 — 5V2S debs (subordinated)—: 1970 RR 1st rei gtd gold 3v2s—2000 Washington Terminal 2%s ser A—1970 1977 Af-fl 98% 98 3/a 991/4 70 4Vis 1969 Af-N 88 371/2 88% 47 74% Westcnester 4 Vis 1981 Af-N 85 % 84% 853/4 24 75 100 % 100 % 2 100 84 90 77 J-D — mtge 2%s series E 1986 J-J 87 87 1st mtge 2%s series F 1990 J-J *83 84 196I J-J 1994 J-J 1956 A-O 1st mtge 2 Vis series G Southern Ry Devel & 1>vel & Devel 1st series 6s series A gen & gold 5s cons 4s gen A 1956 1956 Memphis Div 1st gold 5s St Louis Div 1st gold 4s A-O — A-O 1996 J-J Apr Standard Oil of Calif 2%s debs Standard Oil (N J) deb 2%s & 2%s Co 2%s i960 — F-A J-J 4 J-J M-N , —— 4s 1st guaranteed 2.65s §Alsl A A 104% 933/4 1013/4 nr. 106 3/8 i 105'A 1073A » ■ 106% 18 52'A 8 49% 50 97% 53 54 3/a 52 99 99% *101% 101%. — •: - 513/4 May ' 1033/4 - 10 99 . 55 9934 1063/4 106% 54% MS 106% 45 99% *105% 106% .• r, Central MS 109 3A 63% 7. 62 101% 99% 101 951/8 102 86 ■?7- J-J 773/8 1951 J-J lP^l M-S 1973 : 93 3/a 37 76 773/a 33 1013/4 64% 102% J-J J-D 863A lOO'/a 101% 7', 981/2 101% 5 2 101% 101% 102 % 103 . 103 100 56, 7 —— -■ y • -- . *97% '■ 98% 99 Va 96% J-J 1958 A-O 103 103 1960 J-J 115% 115% 115% —— 99% 96% *98% MS 103 7 100 104 -y; 115% > 102% : 112% 1 Ry— 76% deposit Power 89 713/4 71'/a 74% 40 10 36 49'/a 100 13 J-J 2%s 40 Jf-N MS 3%s 1971 J-J Power 2%s 1976 100 J-D 1979 J-J 77 f , 46% 953/a 100 1013/a 2 1013/a 1043/a '■ 1063% 106 3/4 -- 78 35% ■%: 1976 mortgage 2%s Service 76% 3D J-J 1949 of div A term 1st 4s___1936 Certificates of deposit Public 93% *100a/4 1011/2 1967 general 4s Wisconsin 11 993i 100 93% 1960 i'£ Du Electric > 1951 loo — 1st 97 97 107 101 973/a 15 — 'V'- —— M-N 4 Certificates Wisconsin 98 103 1003/4101 r 92 104% 9 *103% 104% ' 1950 debentures conv § ASu 52 101% 7; >7: 49 101 " 7:- *1033/4 104% J-J 1st 107 V* 102% 76% 99% 102 85 86 105% 1053/4 105% J-D Wheeling & Lake Brie RR 23/4s A.1992 Wheeling Steel 3'As series C —1970 102 % 13 83 74 5 . J-D 2361 debentures ^Wisconsin 21 *85 MS 2%s 110 98 *97 983/4 *__ :196b 1 series 104 41 1043/a *103% v2s 108 102% 103 97% 10 — Jf-N mtge 3'As series D Wilson & Co 1st mortgage 3s Winston-Salem S B 1st 4s 103% "I 101 Va 101'/a A-O 95% 96 59 44 *104 — 97% 102% j Union Telegraph Co— Funding & real estate 4V2S 25-year gold 5s 30-year 5s Westinghouse El A Mfg 2%s 116% 99% „ 44 94% *44. 1979 101% ~6 101% 102% *107% 1950 —1967 104 9 108 102 '44 J-J 1972 debs debentures *__ ' - 77; 102% 105 102 101% Af-N 1971 1973 I Sunray Oil Corp 2%s debs Swift 1966 A-O 1974 debentures I — — — — Af-N ASpokane Internat 1st gold 4Vis__2013 y, 64% 4 106% 103% Western 79%, 98 7 95% 107 : 40 853/a 100% 101 — 105 J-J 1951 Southwestern Bell Tel 2%s debs_._1985 3 '/as debentures 1983 2%s 84% • 6%s series A gen 92 34 ~6 1123/8 112% 85 101% 109% 95 112% 7 98% F-A 2361 841/4 1st gtd stpd 3s gtd— mtge Registered 101 6 1st mtg 3%s ser A.1975 Pacific RR Co— 68 F-A Western Maryland 1st mtge 4s 1952 Western Pacific 4%s inc A Jan 2014 92% 89 Leg 5s 3Vis mtge Gen 95 % Gold San Fr Term 74 98% A-O Warren Co— (Oregon Lines) A 102% 68 68 < Jf-N 105% 105% 105 % 96 u- Co— 95 — 98 79 777 6 ■;77:--'7': - 104 103% 74 Apr Apr debentures 3%s_1976 conv Baking 23 *123% — — —— —— *105% yy M-N 100 1 99 % 112% 85 1013/8 1013/4 ioiy4 104'/. 1073/4 1033/a *82 Apr G & W 2%s debs. 1966 n 99 % Gold Southern (Hiram) Walworth Co 99 % 96 *102% 102% 99 % F-A 1987 Indiana Southern 102% 583/4 ' *__ u,_ 102% RR Co— Gen mtge 4s inc series A Jan 1981 Gen mtge inc 4%s series B__Jan 1991 1st mtge 3%s series B 1971 Gen IIIl985 debentures- Southern 100 23 *104% 105% —— 101% K '' 18 112% 106 98% 3 W Wabash Co— debentures 2%s ***» 99% 43% __ 1965 Nor a-o 112 A-O 102% 128 94% *100 % 101'/8 99% Skelly Oil 23/4s debs_j Socony-Vacuum Oil 2 Vis & Jf-N 1973 1st lien & ref M 3%s ser C Seaboard Air Line RR Co— Seagram 1995 Virginian Ry 3s series B 1013/a 1013/a > 1073/4 127 1 —— J-J M 5s 106 — *105% 106 ■ 1979 ref cons 107 % 103% 100 5/a ' «... 7V;7^7^: ,rarn — *101 " Af-S 2003 1958 92 106% „ Y>; A-O 2%s ser G 1st 110 101 3 — debentures conv A 1st 613/4 85% 102% 102% 4s_1968 Dept 3 Vis B 1st gtd 4S V & N E 105 12 943/4 Jf-S Va & Southwest 1st gtd 5s 883/4 ; 463/4 41 1975 1978 1963 ref mtge 23/4s series E 1st & ref mtge 3s series F 3'/as 1 *100% Jf-N & 1st ™ '' J-J 86 —1957 series B— f 4s s Virginia Electric & Power Co— Ry— ctfs Gen & ref gold 5s series A St Paul & Duluth 1st cons gold St Paul 67 J-J Jan 2022 certificates bond *101% 1023/4 A-O 1955 1st St J-J 1996 St L Rocky Mt & P 5s stamped St Louis-San Francisco Ry Co— A MS 1996 A Cons F-A 4s series A—1955 Vandalla RR cons g 102 % Y Yonkers Elec Lt & 7 * — 77 *96% !;■ 96% 94 ~ __ Terminal RR.Assn of St Louis— Ref & Ref & imp 27/8s series Corp 3s deb. Texas Texas Imp M 4s series C & New Orleans .2019 J-J .1985 A-O .1965 D M-N *120 3/a a Deferred 115% 106% 1061/2 119% 99% 103% included 104% — *1023/4 1033/4 106% 106% not 8 94% 99 1 88% 97% 125% 125% 2 1183/4 101% 102% 20 97% RR— in included delivery the sale not year's range in the year's n Included in the year's range, d Ex-Interest, e Odd-lot sale Under-the-rule sale not included In the year's range, r Cash range, § Negotiability Impaired by maturity ■ ; v tCompanies reported as being in bankruptcy, receivership, or reorganised under Section or securities assumed by such companies. - 1st & ref M 3%s series B .1970 A-O 1st & ref M 33As series C .1990 A-O 5s .2000 J-D & ref M 3%s series E .1985 J-J Texas & Gen Pacific 1st gold *96 91% 96 3/4 91% 91% 102 % not »ale Ex-coupon. y ^ 77 of the Bankruptcy Act. ♦Friday's bid and asked prices; no sales being transacted during current selling flat. 127 week. ABonds 102 % NEW YORK CURB EXCHANGE WEEKLY AND YEARLY RECORD In the following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Sept. 3 ending the current Friday, Sept. 9. It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock bond, in which any dealings have occurred during the current year. and or RANGE Week's Friday STOCKS— Last New York Curb Exchange *• , ENDED SEPTEMBER ' 9 "> 8ales of Prices Low Par WEEK Friday for Week Range Sale Priee FOR STOCKS— Shares High Low Sale Price for Week Range of Prices Low Par High Sales Week's Last New York Curb Exchange Range Since January 1 Shares Range Since January 1 High Low High 1 Motors ACF-Brill Acme Aluminum Acme Wire Adam Hat Aero 1 1 Inc Stores Associates — 13/4 —1 Mfg J) (N Appliance.— Air-Way Electric Alabama Great Southern Alabama Power 4.20% 3A May 500 1% 20 13/4 500 -•.;•■:■■•• 5% 5% r_l 5% r'^v" 5% ■ 200 6% 400 3% Jun 4% Jan Alaska Alles & Allied Fisher 1 Investing Products (Mich) Corp common Brewing Co.; Altoier Bros Aluminum $3.75 Co * common of America common—• cumulative preferred Mfg Aluminum Goods Aluminum Industries For footnotes see 5'/2 common paee 33. 100 • * 35% Jun 513/4 600 % Jun 1% 1 1% 1% 300 1 Jun 1"% 58 July Jan American 7% Feb Aug Beverage common American Book Co Jan 10% Mar '■ 6% Apr Class Cities Power & .„ 100 Light— 98 5% 5% - 15% 6 YY' 6 15% C — Gas & Electric 2% 2% 2% 900 32% 36% 1,025 27% 36 % 33% 36 % 225 32% Jan 36 % Sep ..25 10% 10% 10% 350 9% Jun 13% J*n 18 3/8 18% 183/4 Sep 25% Apr 15 15 15% 1.200 13 July 4% 9,500 3 Jun 7% Jun $2.50 75 91 Jan 98 Sep American Hard 3% Feb 6 Apr American 5% July Laundry Mach Co common -20 Jan American Mfg Feb 3% Apr American Maracnibo .—I 17% Jan Jun 5% Feb __ 6 6'A May 9% Mar 43% 49% 2,800 45% Jun 54 99% 99% 580 933A Jan 100% — 21% — 100 — 20% July 4% Jun 26% / Jan Mar Aug Jan 6 3/4 Jan 114% May 2% July 35% Jun 13 'A 46% July Jan Corp common— .10c .—1 prefer»ed_ 1 preferred Mar 100 7% Aug Jan American General 7 99% 21'A 373/4 111 Jan 113% 92% 100 100 Mar 400 7% Jan Jan .100 78'A Aug 800 1% 112% 113% ..10 com 66 Jan preferred 43/4 % 60 49 % — 73/s .—1 B American 3 % 82 — „ 1 5 1 1,600 % 43% Car Co 2% 100 81 98 81 X Inc common Internat Allied Altes Airlines pfd 443/4 % American $2 50 43% class A. .—1 common 1% Jun 53/8 Jan American Bantam 6 Jan 8'/b Aluminum Ltd 32% Jun 7% __ 5 1 Jan l'/a Jun 3% May 1% Mar — * I— -V common Inc 1 __ __ 1 Stores Shoe Surpass Alnsworth — 10 common Supply Mfg Agnew Air Co warrants Alloys convertible convertible Rubber Co .25 Co " 3% 10 10% 200 26% 253/4 26% 6,300 American Metal Products common.. —2 American American 6% Meter » Co Natural Gas Co Class American Potash Chem class Sep 15% Mar 5% Jan 103/4 Aug Jan 34 Feb 41 32 150 173,4 Jan 26% Aug 30 A_. Jun 32% 24% 50 22 3A Jun 28 % Mar 22% Jun 28% Mar 20% Jun 26% 24 B Republics 36% 32 125 & 18% Jun Feb 24 32 com preferred American 400 3% 2 I10 24 24% 600 26% 25% 26% 6,200 Sep' Sep I 30 THE (1006) COMMERCIAL STOCKS— Last Range. New York Curb Exchange Sale PrftM Low 3% American Writing Paper common Anchor Post Products 1 5% Angerman Co Inc Seal-Kap common Amer Superpower Corp common $6 series prelerred American Thread b% prelerred Anglo-Iranian Co 3% 100' 99% ■'fi'W' 150 4% 4% 1,200 5% 6 4% 4% 1 7% 98 Amer dep rets ord reg % Jan 100 % Aug 4% Feb 6% Apr 4% Jun 5% Jan 200 7% Feb g 4% May A Cities Service common City Auto Stamping City ft Suburban Homes Mar 8 100 3 5 5% >• • 10® 1 108% 2% ' • 9% 9% 9% Common class A non-votlng_ 81* preferred • If 9% 9% 10 10% 11 • 3.M 114% — Arkansas Power ft Light »7 pfd Equipment Corp 108% 109% Jun 103% . Feb 8% Clarostat Jan 1,200 13,100 200 10% Aug CUnchfield Coal Corp common 5% Jan 10% Club 10% Jan 190 113% Jan 200 6 Jun 7% Jan " Aug 8% Sand ft Stone Co 18% 4,100 14% Jun 19% 22% 2,000 21 % Jun 23% Jan Feb 10 1,000 6% Jun 10 Sep Atlantic Coast Fisheries 1 Atlantic Coast Line Co Atlas Corp warrants M Atlas Plywood Corp Automatic Steel Products Inc Automatic Voting Machine Avery (B P) A Sons 8% 1 29 2%' 2% 39 5% 13% 5% 13% Feb Commodore % Jan Aug Compo 8 21 I com 32 435 2% 1,200 50 35 July 51 % Jan 9,000 4 Jun 6 Jan 900 11 5% 14 8% 400 Jun 22 22 11% 13% Mar 100 20 July 1,300 10 Jun 22 13% Jan 6% July 8 _l preferred Feb 31% 39% % May 1% e American Barcelona Barium 32% X52 • 1 32% 41 100 32 21% 8% Jan 11% Apr Feb 25 15% Jail to 9 200 Steel & (L) Ltd""""" Pwr • "*« Corp__. 3%. 3% 4 2,800 15% n Beau-Brummel Ties common Beck (AS) Shoe Corp Bellanca Aircraft common u i ZZ 13% Feb Feb 10% Jun i% x36% x36 % » • Co common common cum ~ Bridgeport Gas Light "Power 52 20 35% Jan 52 Sep Jun; 14% Jan 6% 200 12% 11% 12% 675 3% 3% 2,000 8% 8% 100 5% 38% 37% 38% 175 23% — 74% 75 52 • 70 4% 18 4% Amer dep rets ord 62 500 3% May 21% Apr 13% Feb 21% 21% 100 in. • t ji _ Sn!.n^U!,b"Co commonZZZZZZZZZZZl Bruce (E Li Co common s so Bruck Mills Ltd class B a Buckeye Pipe Line" '• Bunker Hill A Sulllvan_ZZZ~.~ZL"_7ZZ"Zj~Bi Burd Piston Ring Co i Rnr^aii0rp.^mer dep fCtS-ZZZZ—ZZZZ- Burry Biscuit Corp 1% 1% 100 Jan Jun 19% Mar 1% Jun 8% Jun 5% 500 4% Feb 3,600 5% 5 , 11% 11% 11% 16 15% 16 200 11% UVb n% 600 15% 15% 15% 1,800 7% Jun 14% July 4% Jan 10% July 12% Jun 6% "% ""% 12%$ 2% Jun 1,600 2% ft 2 Apr 37%- Apr 9 Jan Sep 7% Jan 12% Sep 3% Aug 1% Jan 41 75 Jan Jan 7 18% Sep 6 Jan 23 Aug 16 Aug 33 Jun 21% May 2 23% Aug 2% Sep 13% Aug 5% Aug 12 20% 5 Aug Jan May 11% Mar *22% 12% % Jan Feb Jan 2% May Paint ft Wireless— American dyp rets Coro $1 5% pfd II Calamba Sugar Estate California Electric Power Camden Fire Insurance Co 2% 500 Jun 4% _• IZZZi ~4 ~4 5 412 5% 4,800 7% 7% 7% 200 —I ZZZZZ! Ltd Canada Cement Co Ltd 6%% preference • 2% Jun 5% Jan 6% May 19% Jun 7% Aug -ZZi$ x24 Aug 22 Mar r2% July 22 % Sep 24% July Canadian Industrial Alcohol— Class A voting Class B non-voting 8 8% 300 preferred Canadian Marconi ZI 10% Jan 9% Jan 148% July "l% "l% 7% 5,800 1 Jun 13% 13% 200 12 May 8% 8% 8% 100 49 47% 49 125 pfd_Z Carr-Consolidated A Jun Jun 40% Jan 148% July 1% Jan Jan 21 8% Aug 3% Apr 49 Sep 109 B^cult Co_ Carreras Ltd— Amer dep rets 7% 2% Carman A Co -- 2% 2% 400 ord Mar 2 Feb 4% Mar Feb 13% Mar 12% Amer dep rets B ord Carter (J W) Co common 2 .. Mar x4% Mar — common 111% Mar 2 „ Mar 3% Feb 23% (AM) A Co Catalin Corp of America 23% 50 22% Aug 3% 3% 500 3% Jun 500 4 Jun 40% Feb Feb 5% Mar 32% Apr 6% Jun Jan 30 109 Jan 114 % May 10 100 Jan 108 107 11% 1,100 9% 8% 800 z8 84% t 850 3% 300 70% 2% 8 Apr 69% Sep Aug 12% Mar Jan 18 May May 13% 14 26 ""% % 300 50 Jun 103% Jun 3% Jan 1% Jan 10% 14 Jun 20 Jun A 9,300 rl/123 1-1/64 73,300 1/128 July 7% Jun 10% Mar 28 % A Jun Jan Jan A Jan 3l2 AUg 10% 100 5% 5% 200 4% Jan 5% Aug 15% ~5% -1 15% 100 14% 4% Jan 16% Mar 31 Jun Cosden Petroleum common —1 6% convertible preferred 00 37% 6%. 700 37% 25 12 Feb Aug 6% Apr Jan 42 Courtaulds Ltd— American dep (ord reg)_£l receipts Croft 1 Crowley Mllner ft Cork Internet') _ Crystal Oil Refining common$6 preferred Cuban Atlantic Sugar common 5% preferred - Tobacco Cuban - Mfg Co (Mo)- 2% 3% „ 1 ; -100 - • i 7- 2% 400 3% 100 61 10 18% 18% 19 5,300 mmim , 7% Feb 41% Jan IVs Aug 7% Jan Jun Sep 5 Jun 5% 350 1% 3 '. Jan 14% Apr Mar Apr Apr Aug 4% May Jan 30 65 May 19% Aug 106 May 8% Aug 5% Mar Jun 10% — 8% 13% Jan 1% Jun 4% — —, 6% Feb Aug 102 ■ ■ 7% 7 A 2% 11% 1,500 •. 61 -- Za.io - . Jun ' 100 7% — • —10 » - 1,300 7 2% 28% 2,200 . .. common Curtis Lighting Inc common Curtis 7% — Laflo Crown Drug Co common % 3% 5% 0 partlc. 5,800 ig 5% B 34% 2% 3 I "l - "A" 33% ii • Oo_ Crown Cent Petrol (Md) Crown 33% 1 Brewing Co Crosley Motors Inc 3% 2% July Jun Jan 6 14% Jan 34 Sep D Davenport Hosiery Mills Davidson-Brothers Inc common Day Mines Inc Dayton Rubber Co class A 1 debenture. 25 6% 6% 2,100 1% 1% 100 28 28 50 00c I 10 10% "800 13 13% 900 100 Derby Oil Co common 8 Detroit ft 1 1% 1% 600 19% 20% 300 3 Jun 32 Feb Feb 8 Jan 11% 9% May Jan Jan 140 Jan Aug I 10 Jun 15% Jun 9% Jan 1% Jun 2% Jan Apr 18 Jun 23 % Jan 9 fl Jun 12 Jan 10% Jun 14% Feb 1 8% 8% 8% 700 6% Jan 10% Jan 1 3% 3% 3% 2,600 2% Jan 26% Jan 11% Jun • Dominion Steel ft Coal class B— 21 Ohem Co Ltd 14 14 14 500 * Dominion Textile Co Ltd oommon Draper "l% • Domestic Credit Corp class A Dominion Bridge Co Ltd Dominion Tar ft Sep Jun 7 13 10 Amer dep rets ord rsg Dobeckmun Co common.—— 6% 1% 22% 132 1 Gasket 27% July 5% Jun 6% 81 — 34 34 6% 10c Dejay Stores common Dennlaon Mfg class A common 8% I.B0 Corp • 33 10% 400 62 63% 10% 63% 200 10 9% Mar 57 May 14% Jan 22 % 20% Mar • Driver Harris Co 3% Aug Apr 10% May Feb 65 Jun 23 Dunlop Rubber Co Ltd— Amer dep rets ord reg fl 79 • Jan 3 13% 14 300 Jan May 7% Apr 1% Feb 2% Mar 13 9% July — l Texas Sulphur 32% Feb 6% l • Jun 74 Duke Power Co Aug 5% Jun 10% Mar Feb 15% Aug 6% preferred- io# 82% X81% 82% 100 82% Aug 9% 200 74% May 9% Mar ser 15 Jan 85% 88% Apr l 9% 100 100 13% 11 14% 3,300 86% 81 87 1,170 13% 10 13% IF 13% 6% 100 1928 Century Electric Co common Century Investors Inc Conv preference pag* 8% prior preferred lo — Jan 6% Feb 14% Aug 87 Sep 5% July 5'A July 14 Aug 500 14 100 5 May Jan 3 Jan Jan 36% 380 ~2% 6% — 55 35% — _i 10 5% Feb | a.oc • 200 $7 preferred series A— $6 preferred series B 175 62 Jun 77 Feb 69% 360 61% Jun 75 Apr SB 26 — 7% 7% 7% 65% 64 3. 65% 300 50 Jun 69 60 60% 1,225 39 Jun 62% Aug 13% 67 2,800 beneficial lnt l 14 Electric Bond ft Share common I Electrographlc Corp oommon Empire District Electric 14 pfd Empire Mill work Corp Jan Aug Derrick ft Equipment -nmrnnr* 1,100 550 8% 200 14% 15% 32,100 5% 400 92% July 4% Aug 101% 5% 14% preferred Ltd Eureka Pipe Line 11% Mar 7% Apr 400 11 Feb 13% Apr 60 l I 13 13 100 1% 1 38% 4% 1% 1,900 4% 4% Jan ' 31 100 4 Jun Mar Feb Apr 1% Mar 38 % *' 5 Sep Jun i*« % May 14 It 13% May 1% Feb 600 16 Sep Jan 15% Aug Feb 500 38% 36 1 1% 10% Sep 68% 10 Mar 5% May 9% l l convertible Esquire Ine. 14% 14% 68% 10$ Corp 2% Jun 8% 1 * $2 1% Associates— of Easy Washing Machine class B Eureka 37% Mar Aug GO • • — $B pfd shares of beneficial lnt Equity Corp 4% Jan Jun 71% 69% Eastern States Corp Emsco 2% 70 69% Eastern Malleable Iron 8ugar 3% 70% ioo prelerred shares 3% 101 Jan Feb 18 Jan 3 100 iq common Chamberlln Co of America Charts Corp common 4%* Fairehlld Camera ft Instrument Fair child Engine ft Airpiawa ioo ser E Eastern Gas ft Fuel Asan com 4% Jan 36 Central Maine Power Co— 3.50% preferred Central Ohio Steel Products Central Power A Light 4*, pfd se. 33% 5% Aug 4% Jan 3% Castle For footnotes Apr Jan 58% 26 * Reynolds common— .preferred class Com Jun 13% Capital City Products common— Carey Baxter A Kennedy Inc Carnation Co common Carolina Power A Light $5 7% 7% July 7% Cessna Aircraft Co 4% 4% % May 14 Inc Eastern 8% ZZZZZZ Canadian Industries Ltd— Conv pfd opt dlv Conv pfd opt dlv Apr Jun 400 3 8% Mar Jun — (Central States Elec 7% preferred Apr Jun 3"% 3% r2% July 20 % Feb common. Canadian Canners Ltd commonConvertible preferred Casco Products 7% Jan 1% July — 1 LtdIZ! ... Bread 100 5% Jun H Aug 300 4% Jan Jan 4 » Calgary & Edmonton Corp Canada 3% 38 12 3% 2,600 8% 0o Duval 3% Juu Feb 107 1 Varmsn oo Durham Hosiery class B common Duro Test Corp common,— c A Jan 1 Corp Duraloy (The) Co Cables 5% 113% 113% Aug Sep 21 % l Cable Electric Products common-IN Aug 8% Aug Jun 300 4 x8 11% Devoe ft Raynolds class B Distillers Co Ltd— 400 Apr 600 8 69% 83% Jan 1,300 34% Jun X8 11% Detroit Steel Products—,— 2% Jan Mar 5% 67% 69 83% Feb 12% 2 Jun 22 27% July 1 11% 2~% 1% 100 800 3% Utilities Gas Apr 12% 6,000 1,500 Liquidating Corp • Mining ft Smelt Ltd-—I Consolidated Royalty OIL. —10 Consolidated Jan 12% 1% Jan 30 "ii Consolidated 11% 'W>:-:■■■■' Mar 3% Aug 10 Consol Manufacturing Detroit Gray Iron Foundry,— 1% July 21% Mar Jun 17 300 -100 100 4% July 8 — ^olumbla p°wer class "aZZZZZ Jun 4% 10 Porman~Dlst~lIlers~~ Apr Mar 15% Zf 1 - Jun 900 fi ree Junior pfd 2% Feb 33 e RHfUK ICtS British Celanese 0Td le« Ltd— Mar 15% "• Tobacco-Z dep "ts ord bearer 9 4% July 18% J Oil Co Feb 6% May 13% !• 2ZZ British-American British American cum Jan ~6% * A CoZZZZZZZZZ Class A 4% 26% «■ Brlllo Mfg Co common Class 50 • Rrpfiila^ Tract,on Bight Breeze Corp common Brown 500 52 52 ion __ Jan 37% Jan 6% Jun 52 52 ~6% • pfd-. Borne, Scrymser Co Bourjols inc 5% 10% July 1% 33% • Z common- Mar i% 52 • 7% Aug 14 900 j common 16% Jan 200 "l "ZZZ Blrdsboro Steel Fdry A Mach Co com"* prior 4% May 8% Mar 14 Jun 1% Jan 10% ZIZZIZ1 Convertible preferred Blckford's Inc common 5%% 6 1% Aug 13 io% i% i| Canada common Benrus Watch Co Inc Benson A Hedges common Bolmck (H O) jr j of Blumenthal (S) A Co Jun 50 l Blue Ridge Corp Jun 300 n i ; s Sep 6 5% 15% ■ Jan 100 1,100 • Creole Petroleum common Blauner Jan Feb 3 14% Aug 5% series B preferred preferred series O ; 5% A Co Bell Tel 55% Mar 36% 9 7 Jan 4% 1 1956 4 %% Jan 5% May 4% July 1% Aug 8% 9 shares. Tr Lt Jun Aug 12% 5% Rights w 1 800 500 4% 4% Cornucopia Gold Mines 52% Aug 14 21 Consol G X L P Bait common Continental Car-Na-Var 33 52 % 4% 4 37% Inc. Corroon ft Barlow A Seellg Mfg— $1.20 convertible A common Basic Refractories Inc Baumann 52% yg Feb 6 28% . Cook preferred Baldwin Rubber Co common Banco de los Andes- 1% 6 30 % Continental Fdy ft Machine Co 7% Jan 38% Shoe Machinery— Vtc ext Jan Big Babcock A Wilcox Co Baldwin Locomotive— 1% 15,900 1 Communlty Public Service 1 Jun 14% V, 9 % Mar Jan 2 2 .1 7% A Mar 4% • Hotel 6% July 100 16% 10 % Mar Feo % 10% 2 -2P Manufacturing Co. 200 1 common Ayrshire Collieries Corp 31% 39 13% warrants Colorado Fuel ft Iron Colt'* Industries— ft Jan 6 Jan Aug 1,400 — ordinary Colonial 17% 21% 7 17% 1 Development Airlines 18% ft Juu • Oockshutt Plow Co common Colon Colonial 22% 6% 52% • Product# Go Apr • 1 American dep rets reg —£1 Associated Laundries of America • Associated Tel ft Tel class A • 50% 14 4 2$ Clayton ft Lambert Mfg Aluminum 11% Sep 11 114% Mar 1 Associated Electric 52% 1 Apr Jun Jan 3% 65 400 7 % 1 ——— Claude Neon Inc common 109"% July 13% Jun 25 8% Jun 57% 1 Co Co 1% Ashland Oil & Refining Co 9 Mfg 5% 130 $1.20 cony preferredAsplnook (The) Corp 10 Controller Clark 3% May High 10' 6 1 1$ 500 114% 114% 7% Feb 5 17% Jun 2% 1,700 2% common Inc Arkansas Natural Gas 12% 200 15 3 200 75 % 1 1$ Mining consolidated chiei 16 8% * • Lines trust ctfs Voting ' 65 16 Chicago ft Southern Air Jan 5% Range Since January 1 Low 10% 63% commoi Shares High 10% Chicago Rivet ft Mach 100 7% 15 fl 1 1 Apex-Elec Manufacturing Co Appalachian Elec Pwr 4%% pfd Aro % Mar 58 Jan 3% Mar Jan of Prices Low jutd— Angostura-Wupper man Argus 2% Sales fer Week Range 10% Cherry-Burr ell Chesebrough Mfg 400 tg Last Sale Price Exe^age High LOW f 19,200 H ... Week's Friday STOCK8— New York Curb Range Since January 1 :"'V" 1 common Oil ft Shares High 3% 2 10o • • American EXCHANGE SEPTEMBER y for Week •( Prices Par ENDED Monday, September 12, 1949 Sales Week's Friday WEEK FOR RANGE FINANCIAL CHRONICLE CURB YORK NEW - & 6% — ~3 6% — 1,300 300 — Aug 9% Jan 4 Apr Jan July 7% Jan 7% Mar 10% Jan 2% 6 Jun Fansteel • 12% Feb 5,600 3% Feb 21% Aug 5% Mar 10% 69% 900 8% Feb 13% Apr ,V 10 57% Jun 69% Sep 2% 2% 1,100 2% Jun 19% 19 4% -10 .10c $2 dlv cum preferred— 400 4% 69% 1 __1 Metallurgical, Fire Association (Phils). First York Corp common. .4 1 10% 10. 25 Jun 3% July r ; < j Jan 33 Flshman Be (MH) Co— to $1 Stores. 13% July 17% Aug Ford Motor Co Ltd— Amer dep rets ord ;4'% 4% 1,000 20% 4% 20% 100 Jun 4 5% Feb Ford Motor of Canada— Class A non-voting. Class B voting— Ford Motor Ammr of 17% 20 - Feb 21 Mar 23 Jan Feb France— rc.tm ha*rm* ft % A 8.900 A July % Jan J, THE Number 4837 170 Volume COMMERCIAL & NEW YORK RANGE Week's Friday Last STOCKS— ) t Fort Pitt Low tPeter, Brewing Franklin Simon A Co Ine common Fuller 30 1 Co (Geo A) 27% 9% May ; 1,850 6% Jun 1,400 11 8 Jan 9 30 7'A 3,500 Jun Kings County Lighting 4% Sep Sep Sep 11 cumulative common. (DEmll) Kleinert preferred . G&tlneau Power Co common 8% ; , • preferred General common . Alloys com preferred conv 89% ..1 _ Co General Builders Supply Corp 6% 14 Va Mar 100 Oilman Mfg Co • 1 15% 10 88 % July 92% 5 4% Jun 8 Jun 1% 2% Jun 3% Feb — — 300 3% 3 — — ___ Amer j. General Fireprooflng 1 Outdoor Adv General 35% 100 2VB Gilbert i Corp (A C) 1 Glen Alden G • Gilchrist Co Gladding McBean Ac Co 4 4 1 common v • Feb 37 % Aug Jun Jun 106 Jan 1 Coal 5% Jan 25 Xll2% 105 Va Feb Jan 100 116 Mar Jun 106% Feb 3% 50 Jun *'• 4% Jan 6% __ 18% Jan 17% 17% 17% 1.600 Jun 21% 10 % 10% 1,300 9% Jun 11% Jan 17 16'A 17 1,000 13% Jan 200 1% Jun class A Godchaux Sugars Class B • Gorham Inc Gorham 17 1st stock Stores Products common Utilities 84.40 pfd Gypsum Lime & Alabastlne. Lamp Co Hartford Paper 8 103% Feb 124 Aug Jun 142 Feb 325 137% 70' 135% 39% 600 32 28% 850 ' 27% Aug — of A ctfs Hoe 300 4% Public Service Apr 6% Mar Mangel Stores Marconi Jun Jun 1% 100 1% Jun ' 1% July <■ ■ ~9%i 9% *• 300 10 % 10% 10% 10% 100 2% 10% 10% 100 Co 68 7% 1,400 6 900 • Power Harris - 15% 8% • 100 2,000 500 15 14% 15 ~7% ~7% _7% 200 6% Mar 7% 25 24% May 23% Jan 26% 25% 25% 50 21% Mar 26 22 22% 700"' 24% May •' Refining * Mfg Co 8 pfd 3% 32% 108% 108% 100 76 75% 76% Jun 11 I 3% Jan 4 Aug 31 Jan 17% Jan 68% 400 1 Hydro-Electric Securities l 17% 3 % 15 12% 12% • Hyirade Pood Products 2% 1,500 17% 3 - 575 3 Jun 22% Zinc Co 6% 79% 4 1% 6% 1 % 6 . 3y4 22 Va * Jan n% 6% 6% 400 5% July 10% Jan 4% Feb 15% 5,200 13% Feb 17 Va May 15% 15% 400 14 Va Feb 12 12 400 Indianapolis Pwr A Light 4% pfd__100 88% Jan 98 Apr 98% Jun 112 Aug 10% Jan 13 Aug Registeied coupon 250 109% 110 • 59%" 60 400 shares Jan 20% Feb 22 GOO 6% Jun 11 6% ~7 6% Jun 11% • International Products 10 12% 11%' 12% 800 8% Mar l< ( 100 1% 1,400 % May 1% Feb • International Safety Razor B__ Investors o • !> Iff1 XI % xl% Royalty.— ' Iron Fireman Mfg vtc 14% Irving Air Chute.. - Italian Superpower Corp com cl A - i 47 * 6% 14% 100 4% 4% 200 1 —* 300 % 3/4 v> A Iron preierrea Co Class B v 13% Aug 3% Mar 100 % Jan i 63 : ; July Aug Feb 13% 13% West A Kokenge 5% 3% 3%- •j Co • - 3 - 3% 3% Preference Julian 3 5 %i 3% ' Mid-West Midwest ~5% 2,900 4% Jun 8% Jan 1,200 13% Jun 19% Jan 3% 2% Feb 3% 5% Jun 6% May 2 200 "1% Tv/a 15% 14% 15% 39% 35% 40 Jan 1% Apr Jan 6% Apr 1% Jan 1% Jun1 3% Jan 4% Feb 6% Jan- 3 % Aug 5% Jan" 3% May July1 4% Jan 20% Jan H 15 15 1% 15% 1,900 1% Kawneer 3% 119 Co Kennedy's 12% Inc I Key Co common Kidde 27,200 (Walter) 10 10 8%: '8% I A Co 50 200 I Sep July Feb 9% For preferred "4 #:' 3.'/a lootnotes see page 33. 15% Jan 2% Apr 6 Jan Jun 5% Apr 6" . Mar Mar 48 4% 400 Jun 6% Sep Aug 9% Jan 1 % ~1Vb 1% 3,900 7% 7% 77/B 300 38% 38% 25 29% 19,200 1% May % May 8% Aug 5% May 8% 67/b July 1 v 110% Feb Jan 6 6% • t e_l 10 9% 9% 5 2% 2% 2% % 21 % 10% 10% 38% Sep 6% Feb 10 Sep 1% 50 • Feb Jun, Jun 4,600 • 175 9 Mar 18 July • dividend shares common Abrasive Oil 9 3% BOo Co 10 Refineries Wohl 4%% Co 18 18 18% 500 ~2% ~2% "2% 1,000 7% 7% 200 6% 32% 32% 9% 50 29% 16% 19 BOo common convertible preferred 80 • pfd—108 • 9% cum 2% ' Sep 10% May Apr Feb Aug 4% Jan 19% Jan Jun May 22% May Feb 3% Mar Jun 7% Jan Jun 32 % Jan Jun 10% Jan 1,100 IVa 101 101 101 25 93% Jan 101 31 30 31 200 24 Feb 31 9% 7 200 6% Jun 8Va Mar 2% 1,300 2% Jun 3% Mar 2% 2% 200 185% 70 *4% ~4% 2,400 12% 28% 12% 800 30 950 Sep 33 % Feb 99 99 50 95 July 103% Jan 50 17 Mar 22% Jan 24 Apr 30 86 27/B States common Mt Vernon-Woodborry Mills Murray Ohio Mfg Co Muskegon Piston Ring common Muskogee Co common. Muter Company common 104 • » 12% 30 1 • 2.50 M 20% 20% 20% 8% Aug 2% 167% Mar 185% Jufl 3% Jun 10% 28% Jun Aug Sep 37% Jan 4% Sep 14 V*'Jan Jun 10% Aug Jan 13% Jan 100 10% July 7 Jun 12 Va Jan 100 10 Jun 13 3 Mar 7% 8% Mar Apr 30% ~4% 100 Tel Ac 182 95 May 2% - .100 _10 Producers States Power Mountain Tel 184 July 98 of America— Mountain Sep Sep 2% pfd series B Corp Jun 25; 16% 6% com class A Montgomery Ward & Co class A Moody Investors partlc pfd Plan 2% pfd cum 4.80% N Hachman National 12 -IB Corp Inc Namm's Hess common 12 4 4" 1 *3% x3% 33% common. Bellas 4 1 33 National Breweries commqn 3% 33% preferred Fuel 400 2% Mar 7,900" 29% Mar 250 9%' 10% 8% 3,000 National 6% 1 Machinery 7% 500 7% Radiator Co National Rubber 6'A 800 7 8% 400 Mur Co Sep 35% Aug 10% Aug 5% Jun 10% Jan 10 Va july Jun 10% Jan Jun Jun 9 Jan 8% Mar 18% Apr 3%" 3% 300 3 Apr 3% Mar 2% 2% 3,200 2% Sep 4% 9% National Union Radio Le Jan 2% 9 Va 9% 200 6% Feb 9% National Transit common— (Herman) 33% Jan July Jun 7% May 14% National Steel Car Ltd 4 May 6% 6 —. ; 5% Jan 34 - 10 Gas Corp ,r Jan Sep " 15 1 common. Netf Haven 12 V* Mar Jan 9% Mar 108 Jun Jan 45 5% 1 common 13 Va Mar 6% July Feb Mar Jan 3% Mar 600 2.80 6% 15 6% 200 200 12% July 16% Aug Aug 6% 78% May 5% Sep 4 % % Clock Mar Ac Watch convertible preferred New Jersey Zinc New Mexico Ac Arizona Park New Process Co Land Mining Co common Co X83 85 730 1 1 1 87 Va Jan Jun 3% Jan 3 100 "England Tel Ac Tel 9% Jun 103- Sep 9% 1% Mar 108% "3% 1 Corp New .Iff ... Sep Aug ~2% July II New Kimberly-Clark Corp— 4%* Jan Jan 13 9% 33 13% II Corp May 127 40 800 1% 1 I Nestle 3% .Iff 17% Jun 7 Neptune Meter common 3% pfd. Jun 25% July 325 ioo t 1% Feb 11% 4,200 • Nelson - K Kaiser-Prazer Corp Kansas Gas A Electrlo Sep Mar 34 5,000 v * Midwest Piping & Supply common Morris Feb 15% Mid-West Miller Jan 2% Feb 3% Jan 1 100 18% Sep 38 Jan 100 100 27% Jun "5 Mfg & Stores common National Pressure Cooker common- 100 Apr Apr 2% National ;■ Feb 14W. Steel Products— Mldvale Co 7% 3% Apr 13 100 National Mallinson Fabrics Jefferson Lake Sulphur Co.. Jim Brown Stores common. Feb 13% 31 12% July 17 8% Jan 2Bo t c *2 non-cum c July 6 10"% 13% 15% ; preferred National jeannette Glass Co common. jan 14 Va 10% Aug , Mountain shs_* 6% 6% 1 Missouri Public Service common 11 Petroleum 100 3% Co Mining Corp of Canada Minnesota Power & Light 5% 15% 80 11% Feb 113 111% July 5% 1 Jan Jan Jan Preferred 83.50 series Sep 99 15% Co Aug Jan International Feb • 3 8% International Metal Industries A 77% Sep - 18 Jun 3% Aug 10 Aug Aug ..1 Jun 11% Cigar Machinery Hydro-Electric— 1% 88% ~i% Feb 2 £1 International Jan Feb 1 Midland Oil Corp $1 conv pld Feb Jan Imperial Tobacco of Great Britain International 9% % 23% 23% • Ac Mfg Midland Jan 17% May 12% Jun Insurance Co of North America Jun Feb Monroe Loan Society 8 Jun 7% 19,900 1% 20% 100 8% Chapman A Scott Corp— Middle Apr 47% Apr Jun - Jan 1 21 >■ 15% A Ireland Aug • Middle States Petroleum class A > Aug 32% May 111% Aug 15% ... Jan 25% May 10 : Michigan Bumper Corp Michigan Steel Tube Michigan Sugar Co common 8% 145 Jun 1% 11% 300 -£l Registered Imperial Tobacco of Canada Sep Feb Dredging 4.40% common Imperial Chemical Industries— Amer dep rets registered Imperial Oil (Canada) coupon Mar 400 8% Molybdenum Corp. Monogram Pictures common Monongahela Power Co— Illinois Aug 26 66% common Micromatic Hone 42% May Jun Feb Jan > 10% 200 12% : 2% Jan 43 3 15 Jun fl Participating preferred Apr 43 common Feb Aug 25 & Co class B Johnson 6%% 74 Feb ?: 106% May 17% Jun 1,700 3% 3% 10% • Metal Textile Corp common Jan' 96 Jun 30% 200 32 108% 24 % 24% 2,200 Jun 16% 1 common (A G) Mesabl 11% Aug 11 May 3 200 • 1st conv preferred Feb May 8% May 48% Jan 1331 32% 9% Mar 18% 4,800 Warrants 12% May 7% 1,200 8 common Hussman Refrigerator 82.28 Common stock warrants Huyler's 9 ■ 3% ' Apr 13 % May 10% 23% 3,150 common Corp McKee Merritt Apr 12% Jun Mar ' 5% £ Apr Jan Marine Shovel Mfg Co Menasco Feb 39% 8% 8% • preferred A 9% .10 llead 2%-July Jan 8% Jun ' 15 Horn A Hardart Basing Co Horn A Hardart common Jan 9% Jan 91 Jun - 11 10% 7% * 500 12% Aug / 39* Aug & 10% Co International McWUliams 10% July 8% July 10% Mar 1 J. Oil Jun 23% 82.50 preferred Jan 8% Mar 12% • Inc Lock 9 22% McCcrd Jan x50% 25% Hurd 6% 100 88% common (The B) Marlon 17% Mar 1 ? • Humble Feb 10% • Communication Co Ltd 9% May 44S4 10 Inc Apr 6% Mar 23 Jun 99 I Apr . . 60 l common (Harvey) 8% Jan 10 Uto Feb Holophane Co i% Jun 5% 19 84% 1 Co Sep 8 HubbeU 6% 100 200 1 Maine Feb 100 & Co class A Ac 400 5% 20% 95% Macklntosh-Hemphlll Co -S 12 2 common A) 6% 20% I 106% 4% • common (Geo Apr 100 Mapes Consolidated Mfg Co Holllnger Consolidated G M Holly Stores Inc Hormel Jan 13% Jun 100 Corp Manischewitz 100 A Horder's dep Sep 46% 46% 1% • preferred w w preferred w w (R) of Aug 12 35c common 8%% 4% • 40 12% 8 Mining Co Henry Holt & Co 5% Jan 1 dep 28% 7% 1 Hearn Dept Stores common Class II B% convertible preferred McClanahan Oil Co common. 1 Heller Co Jun 8% 10 100 Co- Jun 13 Va — 4% • Rubinstein 3% 2,200 11% A. Feb 102 430 — Jun 7% —— 106% 106% 1 common. Harvard Brewing Co Hathaway Bakeries Inc Helena Jan 100 13% Jan ' 25 Haseltine Corp Hecla 13 Va 4% 12% Apr 5 Electric Light Hartfofd Rayon • , Lynch 11% „• common Aug 14% Jan Jun 39 8 Bridge Co Ltd 8% Aug Feb May Jan Jun H Hamilton 6% II Watch Co ctfs llassey Hall 100 25% preferred Groceterias class McAleer Hammermill July 25% I common Jan Feb X28 % — 23 Apr 23 5% 7 121 % 122 —• Aug 12 10 11% 2,500 136 106% Jan 12 Va 6% 62% 10% 121'A 100 Jan 10 10% Jun 6 137% 25c Feb Jan Jan 5% Jan Sep 100 • States 8 6% Inc preferred 7% Sep Jan 5 39% 1% 20% 49% Mar 50 8 common (R G) Corp Common reo uc 9% x28 % 12% Jun 800 4% 53% 46 —— 25 Feb 1 2,000 1% 11% 6 % preferred B ctfs of dep Louisiana Land Ac Exploration Louisiana Power & Light $6 pfd 3% BreweryIIIIIII_2 Western 31% Jan Jun 6% 100 common 9% 11% 13% Long Island Lighting Jan 6% 10'A 3 18% Class B Jan 43 Mar % 200 57 Jun Aug 10% Mar Tea— r>«ner orxwcery Gulf 21 5,000 46 57 • 1 Pacific preferred Griesedieck 46 57 28 8 n-aqf 100 • pfd Gray Mfg Co Non-voting S/8 46 10 conv Grand Rapids Varnish & 31% % <*Va 50 common Great Atlantic 31% % 1 2 300 1%« 1 Locke Steel Chain. Lone Star Gas Co. (Texas) Aug 2% . Jun ' Graham-Paige Motors 8% 7% 31% • class A Mfg 35 — — • • $4.50 prior preferred Goldfleld Consolidated Mines Goodman Mfg Co 1% 1% Mar • Co Lipton (Thos J) Inc 6% Lit Brothers common Jan 10% 1 17 10 % July ; 1 common.. Aug Feb 10% Material Co. Loblaw 16 Realty Tourneau Llonel Aug 12% July 9% Jan ' . Le Line Aug 4 1,600 0 (Adolf) Inc 35% i Brewing Longlnes-Wittnauer Gobel 6% Jan l Lefcourt May Jun • Inc Jan If Lakey Foundry A Machine. Lamson Corp of Delaware Lanston Monotype Machine La Salle Extension University 25 Glenmore Distilleries class B 3% 26% ~2% 1% Lake Shore Mines Ltd Sep 4 1% July 95 700 6 16% 16 % Aug 3% __ 4% 5% 16 % • — High • 1,309 75 , "2"% 2% 11% Laclede-Ohrlsty Company L'Alglon Apparel Inc Jan 6% 8% 10 114% 114% — BVa Jun 100 200 100 • Yellowkmie Gold Mines oiant 100 Jun Jun 29% 30 2,300' 2% 2% preferred..* Georgia Power $6 preferred • Gerlty-Mich 7% 5% 100 4'% •' ' 9Va -1 Krueger Apr 7% 106 4% 88 preferred 1,300 35% 104 4% 50o common Public Service 100 % 6 __ 1 General Plywood Corp 6 —— • Phoenix Corp 7% 7% 6 Vb 1 10 common 6% pfd General General , £1 common preferred series A 8 % j dep rets ord reg General Finance Corp Low 35% 23% Aug General Electric Co Ltd— j 35 Jan 22% • — 35% Apr ' 25 6% Mar 1 Range Since January 1 High 6 -1 Knott Corp common Kobacker Stores Feb 300 89% 5 Shares 15 .88 Co common Rubber Co (IB) Low 6% King Seeley Corp.. Kingston Products. Klrby Petroleum Klein Sales for Week Range of Prices Par 11% Aug 11% Sep 23 % Mar 150 Bale Prlee Ktrkland Lake G M Co Ltd i Week's Last New-York Curb Exchange High 8 % 30 10% 9 Friday 300 • 11% A 9 8 EXCHANGE SEPTEMBER Range Since January 1 Low 11% 10 % 9 —80 preferred conv 10% 1 . (1007) STOCKS— Shares High 11 11 1.28 rui *•*% j I Brewing Co ENDED for Week of Prices Par » CURB WEEK CHRONICLE Sales Range Sale Price Exchange New York Curb FOR FINANCIAL Mar 7% Jun 400 20 28 1» 1 • 69% 7% U 59% 60% 700 51 7% 7% 800 1% 1% 100 Jan 1 Jun 65 Apr 67 Jan 11% 6 Apr Apr 1% 75 Jan 31 32 COMMERCIAL THE (1008) CHRONICLE FINANCIAL Monday, September 12, 1949 EXCHANGE CURB YORK NEW & * • Bale Price Y N Y N Auction & Co of Prices Y Aug 26% Feb 5% common—- ...i Power Central North Savoy % United Oil Bayre 49 Jan Scnulte (D Utility Inc A) 11% Aug Bcovill flcullin Steel Jan 7% Jan 8% Apr 14 Aug Securities % Apr 1 Apr Seeman 37% Jan 37 Jan Begal Lock & Hardware Belby Shoe Co Selected Co RR 12 2% 500 3 27/a * N Aircraft 1 5% 5% 57/a Allotment July 89 Feb Jan 107 16 Vi 16 % l63/4 5% 200 Sep 11% Jan Bemler 19 13% May Aug Sentinel Inc B) Radio Corp Ohio Power Oklahoma Old class 4%% Oliver United 2% 6,100 37% 200 32 y2 112% 130 106% Distillery 29% 30 O'okiep Copper Co Ltd Amer .shares Sep 31% Apr 9% Sep 8% Jun 4 % Pacific Lighting $4.50 preferred Shoe Corp Pacific Power & Light Public Service Pacific $1.30 1st 5% pfd Jan Slck'8 227/a Jan 9 Page-Hersey Tubes common Parker Pen Patican Peninsular 9 I Mills Telephone common A & Polaris Power & Prentice-Hall Pressed Metals 4%% $5 prior 47 Mar Aug IV4 Jun 2% Aug 275 100% Jan 106% May 4 Jun 104% ' • 104% 105 "35 34% 250 35 54% 5l>c 500 10 400 U 14% 54% 10 10 " U 14% "« 1 7 18 14% 7 18 Jun 59% 8% Jun 10 z% July 800 3V2 Feb 11 300 8% 24 % Jun 18 Apr Mar Jan 15% Aug 57/a July 300 Jan 4% Mar Jan 50% ■ 100 18% 5% Mar 41 y4 ,32% Mar 3 • Jan Jan shares \ "2% "2% \ RR 12% 50 8 700 2% Jan 3ft Apr 1% 11% 39 400 1% Jun 2% 12% 2,000 10% Jun 12% 140 36 % Feb 39 55% Jun 69% Jun 25% Jan 59 59 59 330 17% 17 18 1,300 3% 3% 3% common 2.50 common "5 5 6% "5 Apr Sep Mar . ~J2 50 32 8% 32 8% 11 I ~i ~1% 2,400 10 Colora'do^" preferred 10 _ - Manufacturing 100 100% III—• _o ^ 75 6% 6 % 10 11 % 1% Jan 8% Jan Jan 10% Jan Jan 96% preferred 96% .100 Quebec Power Co 97% Jan 76 88 Sep 19% 3% 3% 1,700 3 2% 2% 100 2 % % 1,100 May Jun 9 Mar 700 5 Jun 170 85% Jan 143 y4 Apr 13 y2 Jan 5 Jun 4% Jan Jun \'i Apr Jan % 8% ; Jun 13% Jan Feb 8% 2% Jun 11% 400 2% 2% Jun 3% Apr 21 y« 200 19% Aug 22% Apr 14% 15% 2,900 10% Jun 15% Sep 63 63 63 53 Jan 107% 300 107% 107% 130 15% 15 15% 13% 13% 13% 300 "37/a 63 Sep 109% July 105% Mar 1,125 300 15 Sep 20 Jan 11% Jan 15 Aug «... 14% " 3% Jun 16 May 3% Jun 4% 27 mm 1 6 Jan 29% 5% 6% May Apr 1,500 5% Jun 7% Jan 110 220 % July 236% Jan • • — "loo — 231 223% 231 £1 2% —100 2% 200 2% Mar __ 3% Paper Mills 12% ,, S:: Jan 7% May Aug 99% Aug 155 Aug 14% May Manufacturing common. Coast Corp common South Oil Penn Southwest Pa Southern 5% 10% 16 cum preferred preference preferred. . - Spencer Shoe Corp (Ky)__ __ 29% 1,300 26 30% 500 2% 2% 700 Feb 30% Sep 26% Mar 29% Sep 23 % 300 — - 26% July July Jun 6% 3% Apr 400 3% Jun % Jun 4% Jan % 1 Aug 8% 3,300 5 Jun 8% Apr 17% 17% 50 16 Jun 21% 3% 3'/a 200 —— 3% •»«. — — ... 8% 8% Jan 16% 2,400 1% Jun & 2 8 — mrnrn V 300 3% 300 2% 2% 200 Jan Aug 2% Apr 2% 112% Jan 7 3 3 10% Feb v • 6% May 32% Feb 1% 6,400 ' 19 Jun 1% 146 Packing Co common Raymond Concrete Pile common Shoe 10 8 Co Richmond Radiator Grande (Texas Amer I__I t v c . 1 7% Jan 3% Feb 2 Jan 2 % Mar 3% 3% 200 2% Jan 73% 73% 50 67% Jan 22% 22% 100 19% Jun — a a & Co common com ; ~1 1 ~7 _ 1% 10% 10% 1% 1% 1% Y> mm 8 Stop & Shop Inc —1 V• 16 mm common 12 —25o Superior Tool & Die Co inii Swan Finch Oil .... 50 —13 Jan 15 7% July 1% Aug 2% May mm 15 1 4% 9% July 12% Jan % Mar 2% Apr 200" 100 12 mm mm Drug common Superior Portland Ceraent, Inc 16 Apr 24% Jan % Mar P- . a Sun Ray 1,600 4% May 75 97/s May 5% Jan ' 1% 10% a common Corp 100 "7 1% 10% Feb 10 % 4% ' 13% Jan 5% Jun 50 20% 200 55% 50 5% 5% Corp May Jun 1 Mar 21% July 16 y8 Jun 4% Field Tampa Electric Co Technicolor Tllo 3% % — ' " 3% 300 % % 100 18% 18% 25 I Inc Power & Shovel Co new Corporation Tishman Tobacco 1% 1% 500 5,200 13 5 Inc 400 15% 11 -25c Construction- & Allied Stocks : 1 • 13% 13 ' " 3 Jan Jun 11 Mar 26 Jan 10% 30% Aug Jan 15% 96 95% 96 90 7% Jan 5% Ave For footnotes HI"! 1% 8% 9% 400 3 • May 400 13 Sep 17% Jan 8% July 11 100 12% 100 8 100 128 13% Jan Feb 12% Sep 7% July 10% 11 1% 400 10% Jun 13% Aug 70 •' 13% 72 120 52 Jan 72 Aug 8% 5% 6 Tri-Continental Tamper Trunz % 200 40% 40% 100 _7 JC 1% 1% 98% 1% J 600 3,400 1 • 3% 3% 1 5 4% 33. 5 45/a 5 4% *5 900 Jun 300 1% 91% 6% Jun Jun Feb f ■;, Feb U ,'V. . 60 Jan • Jan 2% Mar 98% 25 % 7/S 500 ft Jun 3% 3% 200 3% Apr 4% 2% warrants 2% 2% 2,700 2% Feb 2% Mar 1^% Jun 18% July 21 Aug mm ' * Corp 17 preferred IIIi • 98% Aug Jan Jan 17 200 24% Jan 5 5 200 3% Jun 7% Jan 9% 9% 9% 100 8% Jun 11% Jan 1% Apr 3% Jan „ com Jan 5 • Inc convertible % X39 3% —— 1 1 _ Tung-Sol Lamp Works 80c 3% __ % 20 Jan 1% Jun 25% mm Jan U Jan 27/a Apr 2% Jan 89 Jan 99% Aug Jun 27 8% May x67/a Jan Aug Feb 5% Aug 6% Petroleum Corp •• 6a Jan 217/a 20 % 8% • Co page Lux —£1 Jan 13 4y8 Mar % Mar Xl7y8 July 19% Jun 4 1.25 common see Trans Ulen Realization .100 Corp Chemical Union Gas of 1% 2% 100 1 Jan 2% 100 1% Jun 11% Corp 12% 1,000 7% Jan 6% Jan 92% 1% 3 Canada Jan — Jun 10 5% 37 $3.75 pfd series A 98% Products Feb United Chemicals Apr United Corp 98% 125 _2% "~2% 700 mm corn- common —— warrants Feb United United Corp Light & Railways United Milk Feb 4% July 6% Jan 1,300 3% Aug 57/a Jan 1,200 3% Jun 5% Mar 75c Elastic Products participating Jan 99 Aug 53% May 1% Jun 58 Aug 32 40 May Va 3,900 8% Aug 6% May 10 y8 13% Aug 6% Apr Union Oil Co of California— United Aircraft s common Rvan Aeronautical Ryan Consolidated Ryerson Az Havnes Shipyard Corp common Toklon Royalty Corp Toledo Edison 4Y4% pfd Tonopah Mining of Nevada Jan 18% Rowe Filth dep rets ord regis dep rets def regis Sep Feb May 11 8 Jun 120 12% ' mm 2% 30 Union Investment Co.. !_in (The) Corp common Royalite Oil Co Ltd—.. Sep Apr Jun 1% 1% Jan Aug 800 30% 122 % 123 s common 2% 14% 15% 122% 1 Realty & 2% 18 14 — 30% * pfd— IIoo common Markets 2% • common common Light 1% Unexcelled 1 Jan Apr 7% — Roofing Inc Jan 20% 2% July > g Inc Co 26 56 £i common Rotary Electric 8teel Russeks 19 52 % Mar 3,200 Jan Sep 16 a Union Stock Yards of Omaha— dep rets for ord reg Roosevelt Jan Valley Gas Co— Corp) Cable 24% 20 ~5% 1 s • Rochester Gas & Elec 4% pfd F____ 100 Roeser & Pendleton Inc common • Rolls Royce Ltd— Rome 24% 20% 3% (Robert) & Co II " Reliance Electric & Engineering Rice-Stix Inc _l tt Jan 15% 50 „6.2B Rels Rio % July 21,900 55% • common Reading Tube Corp class A Regal 18 % preferred Manufacturing 32 ~ 1 Rath $3 convertible Raytheon % 18 Apr Aug 57/a July 2% Jan ' Todd % in Feb 4% Mar 28% Feb '■'■"mm mm 1 ——1 2% 100 31% 2 ' Corp , mm 30% 31% 1 ... Co Sterling Aluminum Products Sterling Brewers Inc {Sterling Engine Co Sterling Inc Amer warrants. Jan Jaa 39 2Va Mar % 20 Corp 81 Co May 4 7% mm, Co Apr 26 — a (Hugo) May 29% Mar % 1 Steel Co of Canada (S) 2d 8% Standard Tube class B Stroock 27% 300 2% _ Standard-Thomson (J B) 200 30% _ _ Standard Power & Light com Common class B Products Jan 45 Jan 29% 30% „ 10 Dredging Corp common $1.00 convertible preferred Standard Forgings Corp preferred Jan 18 1 Standard Stetson May 3% July 36% 2.78 Co preferred Stinnes 14 mm Brewing (A) 100 Jun • Standard Cap & Seal common (The) 16 Jun 2% 25% «... • Btahl-Meyer Inc Starrett Jun 6% 29 5 Royalty Co Standard 25 29% 29% 1 Southland Oil Aug 800 1,100 30% 25 Southern Pipe Line Standard 9 8% 30% 37 29% .25 preference Convertible Feb 15 25 Standard Jan 8% 25 conv cum Apr 1% 3% 600 23 original preferred 4.32% 3 „ 30% 10 4.56% conv 12% Edison— 4.88% 4.48% 26% Mar Jan Vo May 2% Jun 800 297/a 1 12.50 Pipe Line California Jun 8% 3,lU0 % 3 1 — common 11 'US —1 Bouth Amer R Railway <fc Light Securities— Voting common Railway & Utility Investment'^! Feb Jan 25% __ 1 Corp 93 Aug ' 10% Boss «... * Manufacturing Co Sonotone 87 — Tobacco Security Trust Co Ltd— Aadlo-Kelth-Orpheum option Jan 101% Aug 21 % Jan 11% 20 154% 156 100 Jun a preferred Ltd class B Thorofare common 88 «... (Howard) Thor Oats Sep 88 • {Solar Thew 8% 85 15 Publications- Smitn Texas Quaker Jan 72% May 101% Aug 150 6 %' Jan Jun Jun 94% «... ~9% 10 Jun Jan Jun 95% — • _ com common 8% 9% Llght-^ preferred— 38 Feb 1% — 100 loo Jun 7 ' 9 Apr Jan 8% 200 1% Jan 14% 7% 300 11'/a 1% • 8% 95'/a 26 50 8% Jan 13% May 5% Jan 91V2 July mm 32 Jun 4% y 5% Aug 11 Jun 3,600 • _ Jan 4% 100 6% 5% Jun 11% 400 3% 150 * Singer Manufacturing Co Ltd— Ainer dep rets ord regis City Gas & Elec Co— 3.90 % preferred Stein 1 10 Feb 3,400 2% • Ltd Breweries Feb 14 39 Jan 1% Aug Bloux $7 "3 1% j>0 common Puget Sound Pulp & Timber Pyrene Jun 300 — Co Jan Apr 9% Aug "lOO _"~2 50 Co & 5 % Jan 27/a America Power 80 7 "loo of Jan 41 150 2% common of Pyle-National 44 % 2% Co cumulative Puget Sound 44 • Co class B Service Jan 100 11,200 Providence Gas Public 3 ... Jan 15% Jun 3% 9Va . Producers Corp of Nevada.. Prosperity 50 1% 24 y2 May y4 Aug 8% II~25<T Inc 10 8% common Lambert 19 100 29 y2 Mar 1st preferred & 200 11% Jan 25% Erie Corp of Canada 8% Pratt 21% 11% Jan Apr « Alexander 17 Apr 21 3% 11% Jan Mining Co Powdrell Jun 21% Jan 4 Jun 6% 27% common Lake Erie Scale 1% 9,800 23% common.. Pleasant Valley Wine 12,100 7% M Metallurgical Pneumatic 2% Apr 50 common Lake 2% 7% "j Johnson Ltd Amer Pioneer Gold Mines Ltd Pittsburgh Pittsburgh 38% 100 III—2I0 & May July 25% pfd— Pinchin Pittsburgh Bess Mar 26 28% (Mass) Piper Aircraft Corp Pltney-Bowes Inc 38 98 19 Jan 25% common Philadelphia Co common Phillips Packing Co Governor 38 Jan Feb 37% Aug 200 i Perfect Circle Corp Pierce 94 15 ' 100 18 28% * ?{r? & Rubber 103% Aug Jun 23 Penn Water & Power Co— IT" Pep Boys (The) Pepperell Mfg Co Sep III__23 2 Power & Light 4Va% Traffic Co Penn 100y2 2% • common Penn Gas & Elec class Penn 33% • 2 Corp 36% Aug Apr 23% "i Ltd $1 cumulative preferred $1.32 cum preferred Pennroad Aug 29 y2 14 % ~ & Reel Plymouth Co 32 y4 100 7% Co Parkersburg Rig Patchogue SLZ~m Jan 300 900 18 • Pancoastal Oil (CA) v t c Pantapec Oil (CA) Amer sh_ Paramount Motors Corp__ 8% 6% July 7% 33 • • 17% 16% 2,250 'jr.'-; • Canada Simmons-Boardman Jun —III* Jun Jun 20% Silex Co common Aug Jun 6% 35 % 100 com preferred 2V4 15 2% Mar 12% 100 July < 25 of America class A 14 7% 103% 103% Jun 12% % 100 of 14 33 • % 150 • preferred Apr 35% 35% 3,900 Apr 19% LIIIB Singer Manufacturing Co | 1% 14 Jan Jan 2 ' Simplicity, Pattern common 23 19% Aug 300 . 85 1 common 8herwin-Williams Simpson's 23 Jun 1 16% 1,100 15% Sherwin-Williams $3 convertible Pacific Can Co common Pacific Gas & Elec 6% 1st pfd 5Vfc% 1st preferred 10 200 3% Sheller Mfg Co Aug 300 8% 8% 112% 800 15 15 l 28% 300 1% common 11 '• ; 15 Securities Leather 11 mm 1 Overseas Feb 100 • Omar Inc Sep 40% Mar Jun 27% July 2,000 9% 9% 1 class B 112% 112 2% Feb 2% 37% 29'/a 20% July 14% 2% 1 Shawinigan Water & Power :.V 2 2% 100 15 Gas Filters ' 37% common preferred Natural Poindexter B 2% July ; 85 1 common Shattucx Denn Mining • —50e common Co } 18% 1 ... Corp Control Saiety Be ton O Brass Jun 2% — Serrick Corp class B Ogden Jan Jan 1 1,900 19% .— certificates (R Sentry Ohio 2% 3% Aug 900 « Inc Corp 1 —25 common- Jun Jun 16% 16% 5 stock 101% 5b0 105'/a 106 105% Inc stock $5.50 82 pfd .100 5% Industries Convertible Apr 2% Mar 1% 2% — rn 25 1% Jan 100 1% 13% Jun Jan 1% 1% 2y3 Jan 11% 13% 13% 3 Va Jan 19% Jun 24% — • 15'/a prior 1% 1% j Jan 2va 8% Juc 4% • 1% • _ 3% May 14% --- 3,900 __ !! Hi Inc Bros ; 1% July 1% • common Feb 700 .50 Indiana Pub Serv Co Corp General 10'/2 July 1% 11% 12 ...1 Apr High ' 25 9% 6% — .: I Manufacturing 9 % Mar 200 1,100 I — 5% — 1 . common 4UU Securities- Oil 1 Brick Co 2,000 Mar Range Since January 1 Low 5% — 6 —25t (Del) 87/a 28% Shares High 5% — 1 Corp common Inc & Fisher 5% 1 common— — 11% 28 Northern rihrop Feb Bamson Aug 98 Ltd 600 Texas Noradel-Agene 13% Sep 101% Aug Jan Corp prelerred conv 12 V* A class Airlines Penn Lawrence 8% 11% 87/e Rayon American North St Salt Dome Oh Co 12% 11% common Northeast Jan 94% Mar y8 Mines American North 7% 100 .100 Nineteen Hundred Corp common Class B Feb Apr 92% Nfies-Bement-Pona North 13% 20 58.800 13'/a 101% preferred 2d preferred 5% Class B optional warrants Niagara Share Corp common 13% 101 'A 101% 13 % .100 1st Niplssing Jun 1st __1 Low Aug Jun Corp— Pounders shares.. Niagara Huaaun 32 10 150 103/4 Par for Week of Prices 8% Jan 15% 10% Shipbuilding * y Sales Range Sale Price Exchange High Low 7% Merchandise Y » Range Since January 1 Shares High -10 Rosarlo New York Curb Week's Last STOCKS— • common Honduras for Week Low Par N Sales Range Last New York Curb Exchange SEPTEMBER <J ENDED Friday Week's Friday STOCKS— WEEK FOR RANGE 3% Jun Jan Aug ft Jan 257/a 29% preferred 29% 29% 20.000 7% common 7% 8% 300 18 18 80 Jun 30% May 21 Feb 30% May 10% Jan 7% May 15% Jun 21 Mar United Molasses Co Ltd— Amer dep rets ord regis United NJ RR & Canal 3% Aug 100 241% 241% 20 241 July 4% Feb 246% Feb 170 Volume Number 4837 THE COMMERCIAL NEW YORK Low United Profit Sharing com 10% 25c preferred United Shoe Machinery S Specialities and $5 U Jun 1% Apr 7% 52Vs Jan 48% 1,575 40% 400 37% Jan 6% Jun i 74 8% 8% 100 10c 1% 1% 1% 4,500 13% 133/4 14% 600 12 y4 Mar 8 3 preferred, with warrants • ... 3 3 85 85 2% 200 60 73 Jun 100 3% Jun 6Va 100 1 Jun 1% 1% Insurance 1% 48 74 4974 300 Jun 26 *2% "2% 600 2 Feb 237a 48% 2374 300 21 Jan Aug x25% 1947 coupon 1 43/4 Venezuelan 5 Syndicate : -'mmmrn 63 200 63 '""■28%' S"'"' 4% 4 Jun 6% 10 63 Jun 71 50 25% Jun Jun 27a Manuafcturing 7a 2% 900 $ 103% 110 F-A $100% 103% 1963 A-O 1967 1961 MS 1968 A-O 1971 A-O 47as_ England Power 3 74s 1st mtge 3 74s 1st mtge 3s Co 10 y# • 123/4 Aug Service 50-year Jan Elec & Gas 6% Waltham Ward Watch 1% Aug l7/s 7% July 9% Jan 109 "l% ~1% 1,200 8% 93/4 850 Co t v c 1 i w Aircraft 1 1.25 West Texas Utilities $6 prefe#ed • Western Maryland Ry 7% 1st pfd__100 Western Tablet & Stationery com • Corp « % 200 % July 8% 500 6% May 150 Wichita River •Wickes Oil (The) Willson Products 115% Woodall Woolworth (F 21 21% 225 20 Vb Mar 22 157a 157a 100 14 Jun May 23/4 July 7% 8 500 7 Jun 9 6% 250 5% Feb 8 8% July 10 1% 100 5 Jan — 2972 29% 13 13 13 5s £1 . «•«* ,V Interest 1970 or Friday's Bid & Asked Steel States $106 108 106 108 3/4 Q-F $165 $103% 1033/4 160% J-J 96% 96% 89% 107% 107% 3 1958 A-O 103% 103% 104% MS 107% 107 (Bait) 95% J-J 101% 9274 45 P__—± 15 1027a 1043/4 1073/s 12 106 107 % 95'/2 377 87 104 % 106 3/4 $103% 104% 993/4 A-O 5 99% 103% 67 102% 106 % 103 % 103% Af-N (Bait City)— of — 105 106% $11178 A-O Elec M-N 1965 1956 5s 54 54 49 63% May —1993 1993 437 39 32 3% 48% 100% J -J 100 3/s 1003/4 963/4 25 $117% 118 M-S 116 54 33 1003/4 117% Mfg Co— 1953 41 $30 6%s 5s ex Nov 1 1947 coupon Residential Mtge Bank— Green Mountain Guantanamo 6s ser Ry 4s Power 3%s & Western (coupon A J-J Indianapolis A6%8 Power Power J-D 103 1 Lt 1941 103 2 102% J-D F-A 46 40 16 58 46 104% 104% 2 103 % 10674 583/4 5 32 74 108 109 West Penn Traction 5s 1960 J-D 11974 119% 1959 F-A 102 Western 11874 119% 1 102 100 Yi, 103 the daily closing averages of J-J 1952 1952 : / (Col) — April 1946 A20-year 7s Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s : 1948 Agricultural A Danish Indus¬ Rail¬ Util¬ trials roads ities — 3 - Sept. 65 Stocks or High $71% A-O J-J Bonds Jan. 1 Low No. High J-D 71% 71% 71% 3774 1 71% 447a 45 Cons Municipal Loan— 572S_^_! 1955 M-N 817a 82 6 External 5s——_i-. 1953 F-A 80 82 14 1952 J-J $6% 9 6% M-S $137a 16 13% 15% M-N J-D $27 29 247a 29 $44 7a 46 37% 44% 41% .45% Danzig — 81% 7074 70 Port & Waterways— AExternal 67as stamped— City (Peru) 672s stamped-1958 stamped (Plan A) Interest reduced to 27aS 2008 83 V* f 82 12% Maranhao AMedellln 7s _1951 stamped Bank of Bogota— (issue of May 1927) (issue of Oct 1927)— Mortgage A7s 1947 1947 1931 1972 Parana 2008 to J-J 1997 27es J-J (ser A B C D E) (Plan A) to 2% reduced Government 672s 2012 1919 173/4 77. $313/4 J-J 6174 31% v 157a 29 18% 24% 15 173/4 17% 80 26% ' 34 $277a J-D M-S 1921 Interest __ $73 Rio de Janeiro stamped A5%s — $30 (Republic of) — Is to 272S „ $483/4 A-O J-D J-D stamped (Plan A) Interest reduced Peru $4874 M-N Mortgage Bank of Denmark 5s 29 2% 2% 4 2 3% 23/a 2% 32 2 33/, ♦No Odd-lot par value, a transaction Deferred delivery transaction (not Included in year's range), d (not included in year's range), f Ex-distrlbution. g Ex-stock principal, n Under-the-rule transaction (not included in year's (not included in year's range), x Ex-dividend, y Ex-rights, z Ex-liquidating A Bonds sales being transacted during 3174 60 60 3174 60 63 37 62 tlve; "conv," convertible; "M," 58% 32 593/4 "w SReported in receivership. Abbreviations used Second Indus¬ Grade Grade Util¬ Rails ities divid nd. Rails Closed - 1," when issued; mortgage; "n-v," "w w," with warrants; Total non-voting stock; "vtc," voting trust "xw," without warrants. Quotation Bureau, Inc. Range for 1949 Closing 40 Sept. 3— Sept. Bonds certificates, . Over-ihe-Counter Industrial Slock Average Date— 5_ Sept. 6—— __ Closed Holiday __ . ..... (35 Stocks) Closed Holiday Holiday 10 hRxc deposit; "cons," consolidated; "cum,' cwnw»; 10 First div. current week. ' above—"cod," certificates of Compiled by National 10 Et-Intercrt. being traded flat. 327a representative stocks and bonds trials Range Sines Sold — $44 7a 717a High 33.26 Jan 24 Low 27.79 Jun 15 31.99 — Range for 1948 32.00 179.20 45.40 36.83 63.65 102.93 104.73 84.88 105.50 99.51 Sept. 7 Sept. 32.05 High Sept. 46.02 37.00 64.11 102.96 104.66 84.54 105.69 99.46 Sept. 8— 180.21 32.15 Low 180.53 45.85 37.23 64.20 102.96 104.74 84.50 105.71 99.48 Sept. 9 Sept. 180.24 45.59 37.55 64.17 102.93 104.88 84.05 105.83 99.42 Friday's Bid & Asked External 60 —Bonds— Total ■ Mortgage Bank 20-year 7s 63 10 15 Sale Price Period Low 59% -Stocks20 Last Interest : Exchange the New York Stock Exchange as compiled by Dow, Jones & Co. 30 Week's Range Friday BONDS New York Curb $58 are 9 1 Newspaper Union— 6s conv s f debentures • 58% Stock and Bond Averages Sept. 92% 8272 10 89 Va 105 $58% Below Sept. 897a 89 7e 1063/4 $58% coupon) Date- 50% $104% 105% $58 1957 1941 on 54 $30 $1063/4 107% $Friday's bid and asked prices; no (July listed $4972 1956 1956 coupon A-O 103% 4072 49 $57% 1955 1955 coup) series F A 7s 59 102% 58% 104% M-N 1970 3%s coupon) A7s 2 J-D Sec— 1941 (Aug 99% 44 % 46 — series E A7s 2 $47 7» — 1957 (Dec 30 287a 50 % 5072 $30 M-S p 1958 on) & 100 RR— C series A6%s A 7s 52 1964 65 103 100 Ex-coupon market International 52% 63 100 M-S 1963 Western Trunk 1940 debs income A Russian $59 1961 1950 stamped Grand 1 1 AMortgage Bank of Chile 6s__ A6%s with Nov 1 1940 coupon—1953 A 18 «— 1954 111% 112% - $49 Finland Dec Penn A 7s Division— J Lt & RR Water 52 2030 - 1954 N 4s ser B Eastern Gas & Fuel 3%s Marelli 72 18 V* 5s 10l3/4 103% 1981 —1962 mtge Ercole 128 63 1 44% $43 A-O 1946 A Lima 4%s__ Elmira 95 Mi 123 1 — Electric A 5s West 95% 93% $105% 106% J-D J-J 1969 —1976 mtge 4s ser A A 1st 43 7674 — Washington Water Power 372s 107% Delaware Lack & Western RR— 1st 75 43 43 J-J —1946 1947 coupon Waldorf-Astoria Hotel— 104 s/8 105 — 1st ref 2%s series R Gas 1037a 97 100% 101 Pwr & 165 100 s/a 175 107% 2%s conv debs mtge 128 $68 — 106 3/4 J-D 1977 Lt Lackawanna ex 103 1057a ——i_1969 ref mtge 3s ser Gen with Dec 108% 106 101 1st ref mtge 2%s ser Q— Consolidated 128 mm mm High 105% 106 M-S 3s 1st 1 M-S —L 5s Gas El A-O — Jan. 1 Low No. 1966 Jan ~i. Debenture 101% 1063/4 1047a —— 80 Apr 1007a J-D 1948 Debenture 5s Consol $777a Range Since Sold „1954 j, 5s__ Debenture 993/4 —>- - $106% 107 7a Foreign Governments & Municipalities 107% 107% 1998 debentures Service ~2-fo Corp— debentures 5s $ 100 y2 10174 8 3/8 May Jun Bonds High 1970 6s 23/4s. Electric 5s Cities J-J —1900 O Edison 10674 Jan Jan M-N 1964 City Electric 3%s— Telephone of Canada— Boston 14 105 103 7/« — Electric Service Co— Week's Range Last J-D 1955 5J/2s A deb Atlantic Bethlehem Jan 10% Aug 2.900 Sale Price Period Appalachian Elec Power 3%s Central 107/a 104 1 $10674 1087a ■ m-mm A-O 1966 Industries— stamped '2nd A 7s Apr 33 104 V4 10474 — 114 1067a 10574. 106% — Corp— A 7s 1043/4 Mar Jun x6% 2'/a Low series Feb """" 2 -—* - New York Curb Exchange 5s May 15% Mar Jun 300 Friday Bell 23% 300 — 101 Ltd— W) Tel Jun 8% 8 common 19 Apr 98 — 100 BONDS & 27/a —2 - receipts preference——. Tel 15% July 13 * pfd — United Jan ~3% 600 $106 7a 1063/4 Hydro-Electric Co— A672s with Aug 1 1940 coupon—1953 A 6 72s ex Aug 1 1947 coupon 1953 Apr 1672 M-.V 3 Terni Jan 674 100% 1097a 1033/4 112 105% 1067a 105% 1597a 104% (Hugo) A7-4s 153/4 Mar 2 27% _25 Wright Hargreaves Ltd Assoc Jun Apr 25 16% American deposit 6 % Jun Stinnes Jan 31% F-A —.—1950 3rd stamped Feb 36 31% 217a 1 472 % Inc Petroleum Woodley 26 rr 1 & Lt Pwr Industries 155 674 Inc preferred w w__ Winnipeg Elec common—; Wisconsin Jun J-J 1989 5s trust (Hugo) A7-4s A-O 1970 1487s — 374s Corp inc 5s collateral Stinnes Feb Jan 2l>/« Jun 16% common 5% AStarrett Elec & F-A 1971 Gas J-J 1970 374s (Calif) 3s— Spalding (A G) Sep • & Co~„ Brothers Wilson 87/a 10 —.5 Corp Corp— Williams (R C) 1st mtge Gas 51 1017a 13 $99 $110 MS M-S 1973 3s B ser Counties Southwestern 1% Apr 138 30 1 & Co series California Gas 5s 1067a 26 54 $102% 1047a M -N 1965 A Jan 112 149 1 (Wm) 4% Feb 3/4 — ..10 , Whitman 2% 93 — 10574 106% 1597a 1597a — A-O 1952 6s B Edison Southern 2% Jan 1% July 4,250 874 — 20 Weyenberg Shoe Mfg. 2,600 43/8 % Wentworth Manufacturing Westmoreland Inc__ 1% 3% J-J 1973 Joaquin Lt & Pow Southern 10% Jap 1 % July 106% 967« 103 105 3/fe $10574 10774 — $30 1998 California Mar 111 Jun l3/a 4% Westmoreland Coal Mar 18 May 6% 1057a 108 — $1053/8 10774 $49 Safe Harbor Water Power Corp 3s_1981 Apr 500 93/4 Baking Co warrants Warner 100 874 1 —— — Co— debs 1st & ref M 3s 1% ~1% 65 103% 105% 1047a 106 7* — 1067a $96% J-J Queens Borough Gas & Electric— 5%s series A 1952 Jan 874 —1 preferred—! cum 57 ~3 Hydro-Electric 37as —30 Waitt & Bond Inc $2 • — 10572 105% J-D 1970 Public Jan 3 1% 8% 1087a 109% 100 102 62 $105 Co— A67as with Oct 1 1940 coupon—1960 A67as ex Oct 1 1947 coupon 1960 W Aircraft 40% 10272 105 — 1047a 104% $104 1067a 1047a J-J Lexington 1st mtge 3s Southern Waco $60 M-N 1964 Pennsylvania Water & Power 3748-1964 San Wagner Baking; voting trust ctfs ext.* 1% preferred— >»«.».__....._.«_100 105 $103 J-J Apr 5% 1% May __ 37 J-D Park 34 V4 Mar 3% 4 1 37 1969 1956 Ohio Power Jan 2,300 28% 3% —I—20c Inc 43% 52% 21 $30 - J-J —-I960 New Jan ! • Petroleum Venezuela Vogt II ! $4 convertible preferredVanadium-Alloys Steel Co '' 823% 27% — 3 72s V common 54 1963 374s Corp $4972 1952 Superpower; *s__ Piedmont Valspar High 62 53 Feb 21% 237a • common July 24 — 5 Nov ex Milwaukee Gas Light Jan 5072 35% 10 10 common 2% Feb 823/4 Midland Valley RR— Extended at 4% to 2% Apr 24% May 1% Aug 500 . 82 J-J Kansas Power & Light 37a8 McCord Corp deb 47as Jan 10 8172 Jan. 1 Low No. . ctfs Kansas Electric Power Jan 1% 50c Oil A 7s Altalian Sep 85 ;/■ 33/4 1% - Range Sines Sold High t 3% Aug 33/4 Co— escrow Isarcd Hydro-Electric Co— A7s with Nov 1 1940 coupon—1952 16 % May Feb Power ADebenture Jan 1 United Stores Corp com Universal Consolidated Utah-Idaho Sugar Utah Power & Light 1% 1 common Rybber Reclaiming Co Universal Products Co 41% Aug 8% Feb % July 1 Corp Interstate Jan 47% • Universal % Bonds Friday's or Bid & Asked Low 4% Aug 42% May 40 Securities Radiator 100 473/4 common International 1st S U S % Week's Range Last Sale Price Period > High 40% common 25 U S Air Conditioning U S Foil Co class B U Low 10 Preferred United % — New York Curb Exchange Range Since January 1 High. - Interest BONDS Shares 33 EXCHANGE for Week of Prices Par (1009) Sales Range Last Sale Price Exchange CURB CHRONICLE Friday Week's Friday STOCKS— FINANCIAL RANGE FOR WEEK ENDED SEPTEMBER 9 V New York Curb & 37.83 jun 10 1*1— 32.37 Dec 29 . . .. 34 COMMERCIAL THE (1010) CHRONICLE FINANCIAL & Monday, September 12, 1949 STOCK EXCHANCES OTHER RANGE WEEK FOR SEPTEMBER 9 ENDED Friday Boston Slock Last Sale Price Chemical American Agricultural • _. Low vrfcD. 100 44% 24 Range Since January 1 45 138 150% Jun Middle Co & Corp vVest Miller Sep 45 34% Mar 105 2,842 Field -— I 26% 24% . 142 22% Jun 38% Feb Montgomery 283 25% Jun 35 Jan National Pressure Standard 108% 110 142 43 42% 43 12% 12% 12% 100 40 July North Jan 120 Apr 1,448 100 RR_ Boston Edison 109 28 Boston ft Albany 300 < 9% 93% 650 X —5 2 3/» 2% 2% —1 u. vtc common 26% 23% 80 Anaconda Copper Low 23% 9% 7 6% 19% High 24 Jan 12 Mar ."'*'"1,300 1,150 ■ Apr 9% July 1% Jun 53/4 July 11 Jan 59 Mar 2% Sep Jan National American Woolen Range Since January 1 High ZZi common capital Hart Inc ft Shares 23 Mickeiberry'a Food Prod High Low High 144% 145% 145 * ft Tel— American Tel Sharea of Prieea ?ar Marshall for Week Low Par for Week Range of Prices > Sale Price Sales Week's Range Friday STOCKS— Sales Week's Last STOCKS— Exchange Ward American 43% Mar Northwest 19% ft 52% 52% 7 2 com 47% 200 Jun 63/4 1,000 7 Jun 10% Jan Jun 313/4 Jan Aug 31 Jan 10 common 28% 28% 50 25 20 common Car 52% * Co Cooker 24% 25% 400 24 23 23% 450 22% Feb Oak 25% Mar common • Manufacturing common Peabody Coal Co common 5% prior preferred 6 6 % 900 25 16 16% 300 16 Aug 19% Jan Pennsylvania RR capital 50 14% 14% 200 14% Jun 173/4 Jan Bancorp Boston Elevated Railway— ->-100 Stamped Eoston Jan Railroad— Maine & 12% Aug 790 4% 4% 4% 100 16% 16% 163/4 240 .100 class C 1st pfd stamped, Boston Personal Prop Trust1% 17 14% July —10 Service Mass Street Eastern 6% 100 28 33% 64% 66% 88 Co— 39 Jan 29 Jun 353/4 Mar Co Elec Mergenthaler Sears Roebuck & Co Jan 66% Sep 33% Jun 40% Jan South Bend 23% Jun 33% 8% Mar Jun 9"% Sep Stewart-Warner 56% Jan Stone 59 Sep 53% 151 30 51 40 59 134 46 Jun 140 8 Aug 13c Jan 25c Jan 10% May Apr 87% Jan •/.. 8 18c 18c 1 20 85% ,200 9% 9% 9% .r100 England Electric SystemNew England Tel ft Tel 9% 46% 58% New 85% X83 8% 1,578 . 270 79 ; J Sundstrand 11% May 7 Jan Pennsylvania RR 50 — Drug Co 26c 26c 200 26c Sep 45c < Swift ft 14% 525 14 Jun 17% 26 300 22% Aug 29% Jan 11% 11% 100 9 Jun 11% Jan 40% 41 1,300 34 Jun 41% Aug Sep 40% • 1 9% ,4% 335 3% Aug 108 4 % I 22 Apr 28 % Jan 1100 10% Jun 13% Apr 23% 1,600 19 Jun 16 100 13% July 36% 43 43 43% 500 11% 11% 11% 300 9% 1 7% 7% 300 5 5 common 7 Jan Jan Feb 43% Jun 14% Jan May 7% Aug Sep 8% 29% 25 8% 350 6% Jun 11% Jan 29% —' -—25 24 21 % . *.25 stock- Jun - —5 capital— Corp common Corp common (The) 29% 500 27% Jun 32% Jan 49% 59% 59% 100 Feb 59% Sep 5 10% 103/4 50 83/4 July 13% Jan 2 25 26 150 ___• 44 44 50 20 May 42% Jun 44 % Mar 29% 29% 200 25% Jun 30 22% 22% 20 % 24% May ' Corp Jan ,200 11% 16 16 13% 25 23% 23% Tool 83/4 11% 5 capital 50 ■ 25 • * Mach 9% 1 — * Co (The) common 27% Aug Jan 4% 4% -2.50 —— 25 ; Co Co Texas Thor Jan 14% —25 Quincy Mining Co—;—,— Rexall 26c 14% _2.50 Mining—— 26 J^athe/Works capital Container Trane Butte North 35 Jan 1 National Service Cos 30% July — Sinclair Oil Corp.,—™ 786 220 9% As6n Jan 100 Signode Steel Strap common——L—* 37% Linotype Jan 8 35 capital Corp class B common Shellmar Prod Corp common 293% 45% Racing Narragansett .9 % 35 1 Serrick 36% Copper 63A Jun 5 % Aug 35 capital Standard OH of Ind Kennecott 450 . —* common Cummins 29 Hathaway Bakeries_ 8 * capital 37% Razor 6 Jan Aug 95 34 68% Aug 25 10 % Stockyds 293/8 Electric Safety Nat Sangamo Jan Jun 75 119 60 79 27 33% 100 57 15 60 79 28 —100 Stores National First General Sep Louis Schwitzer Employers Group Assoc Gillette 52% Feb 38% 198 Ry— 1st pfd series A™ preferred B— preferred adjustment- 6% 5% 52% 50% — 7 3/4 73/4 Apr St Cities 1 5 5 43/4 5 Feb 7 5% Aug 208 South La Salle United Apr Si Corp Light ft Rys Co com U S Steel 7 (new) common 22 3/4 * 1,000 Jun May * 14% 140 13% • 17 173/4 375 12% Feb 1 & Webster Stone 15 15 26 11 343/4 34% 82 14% —• Association Shawmut Inc Stop & Shop Inc Torrlngton Co — Wieboldt Stores Wisconsin 29% Jun 36 Aug Yates-Amer 27% Jun 35% 29% 29% 25 50 x493/8 50% 1,582 48 473/4 48% 550 42% May 52% Jan 393/4 39% 393/4 14 38% May 40 Jun 33 33 60 43% Jan 14% Apr 26% Jan Drill Fruit Co__ Shoe Rubber S Westinghouse Sep Aug • Twist United United U Jan 17% 15 Machinery common—25 preferred i ,.25 Union 6% 15% Jun Jan 5 — Waldorf System Inc—i*— Westinghouse Electric .* 12.50 Corp Jun 14% —. 24% 14% 25 24% ■«r,: 1.72 Jan j. 54% Mar 31% Aug 12% Jun 24% —10 Co 44% 20% May Inc cumul Mach Unlisted pfd capital- 24% 24% 76 76 10% 10% 10% 100 —_5 pr common 11% 11% 11% 100 300 20% Jun 26 50 73% July 79% 10% 10% May Jun 93/4 July Jan Apr 13 Jan Stocks— Alleghany Air Lines American Radiator Anaconda Inc. 2% 3% Aug Jun 103/s July Jun 14% 500 400 600 10 27 200 25% Jun 9% * 19% —10 .100 Corp. Atchison Topeka & Santa Fe Feb 7% 2% 93/8 13% 26% 9% 1 & St San com Mining capital—50 Copper Armco Steel 2% 13 1 Corp American } 12% * * Elec & Mfg com Bankshares 86 • 26% 25 IS3/* Jan Jan 35 Jun 26% Jan May 103% Jan 300 23% 1334 14 200 10% Jun 14% Jan Certaln-teed Products 1 12% 12% 400 9% Jun 13% Jan Columbia Gas System Inc * 11 11 iJun 11% Apr Continental 1 Bethlehem Steel Chicago Stock Exchange Friday STOCKS— Sales Week'a Ry Co new Motors Curtiss-Wright Range of Price* Shares 26% 27 7% • 10 100 ,5% Jun 7% 73/i 100 5% 5% ,300 Range Since January 1 Tele & Radio Farnsworth Par Low High Low High Laboratories Corp (new)—5 common common Advanced Alum 1 — Castings-. Aetna Ball Allied Laboratories Bearing 5 Armour & Co Associates _• Belden Co Mfg Co 1 2% common—. Burton-Dixie Corp Butler Bros 1% 10 7 20% May 4% Jun 53/e Mar 6% 450 18% Sep 10% 400 Jan 20 17% May 138% Jun 300 Sep 6% Aug 150% 1 1,500 5 Jun 7% Jan 1% 50 1 Apr 1% Aug 42% 200 42% Sep 42% Sep 3% 4% 450 3% Sep 5% 12% 6 Nash-Kelvlnator Corp York Central RR capital Motor Car New 15% 17 600 17 Jun 4% 14 % 300 50 15% Feb Jun 73/4 Jan 22 Jan 173/4 Jan 7% 7% 1 .Central 111 Secur Convertible com ooru common— preferred American Airways Corp Paramount Pictures Pepsi-Cola (The) of America Corp W 2% 2% 50 1 1% 1% 800 % Mar 100 11% Jan 16 12 3% Apr 5 Chicago Corp common Convertible 6% Jun 2 900 ,,V Feb 15% 16 11% 11% Chicago Milw St. Paul & Pac .Cities Corp Co (The) Dodge Mfg Domestic Feb 63% 64% 250 61 Jun 5% 200 4% Jun 40 66 3% Jan 5% 80% 83 113% 114% 51% 20; 111 Jan 51% 10 4% Mar 1% Jan 52% 900 453% Jun 113/s May 65% Jan 7% Eddy Paper Corp class common. 51% 52% 200 39% Feb 52 % Simons Co Dock 16% 200 15% Aug 28% Fox Drive 27% 27% 27% 2,100 25 6 6 100 5% Jun 7% 3% 3% 3% 500 2% Jan 3% Aug 70 (Peter) General Motors Gillette 9% 43/s 4% 1% common Corp 9% 1 common Corp common 10 Razor Safety 11 common 11% 20 46 Jun 95 Jan 100 9% Sep 9% Feb 4 Jun 6 Standard Steel Spring, 350 5% 5% 100 62% 1,000 29 100 6% 5'% Jun Corp Wilson & 11% Sep Jun 6% Aug Jun 24% Jun x63% Aug 32% Jan common.. ; * 13% X13 -133/4 13% 300 8% Jan * 39% 39% 100 37% Jun Gossard common • 12 12 200 Dk • 15 15 200 10% July 14% Jun 10% 10% 400 8% Mar 21 21 150 19% 20 600 45 55 Co (W Lakes H) Dr & common Hammond Instrument Co Harnischfeger Corp Hellman common new rl 10 common Brew Co (G) Bartlett Horder's cap common Hupp Corp common Brick Co common 21 -1 19% 25 43 * . 19 -15% Jan Feb Sep 42 % Mar 17 Leath & Co common ! ft Libcv Lincoln Printing Co For j .43 12% 300 4% Aug 12% 5 100 43 Aug 53 footnotes see oagt *2. Apr 32 Jun 14% Jan 7% Jun 9% Apr 17% Jun 200 ' Jun 27% 5 Jan 53/4 Apr Jan 16% 1,600 25% Apr 14 % Jun 30 16% 17% Jan 69% 200 60% Jun 73% Jan 163/8 Aug Jun 16% Feb 24 Aug 22 ~4% 22% 800 10% 22% 10 3/4 400 9% Jun 11% Jan 1,200 23/e Jan 4% Sep Jan 11% Jan 4 4% 11 Last Mach Week's r Range Laundry * Cincinnati 4% Gas Cincinnati ft Cine Coca ft Electric : Tel class Dixie Ice 29% 1104 4% __ ——50 t A 74% * * Cream 116 116 ' 3% Range Since January 1 Shares LOW 18% Sep 25% Feb 80 18% Jun 25 Aug July 8 J 5% 5 83 30% Jan 104% Sep 4 Jun 7% Jan 26% 197 40 4% 662 75% 184 63 Jun 5 113 Aug 3% Apr Aug Apr 100 29% 104% 116 High 263 v 3% 60 Sep 76% 116 / 7% Jan Sept Jan Jan 15 100 15 Jan 15 19 36 15% Jun 19% Mar 31% 31% 63 23 Jan 313i Sept 53 10 15 18% 5 Eagle-Picher 18% 24 5% 29% . 25 Bell Sub 100 18% <, -Sales for Week High 23% common_8% Street Cola 18% _* preferred of Prices Low 20 Formica Gibson Insulation 17 Jan 100 1% Jun 250 7% Jun 13 Sep 17 16% 17 350 13 Jun 18% Jan 26% 26% 27 900 23 Jun 27% • Art • __ Mfg 53 25 44 Jan 53 July Sep 10% Co 19% July 21% common common 1* common 5% 20 20 "11 11 5% 50 20 10 i preferred Kroger Co 5% * common Sons (E) 5% Jan ,12% July 1% 11 115 7" 11 , • Jan July 13 % Jan 45% Jun 47% Jan Jan 55% Aug 45% 45% 32 54% 50 Jan 54% 20 43 % 573/a Jan u* 7% 7% • 14% 14% 7% 50 14% 450 . 2% Jan Randall U S Gamble class Printing 6% 10 Feb 73% Jan Allied Jun 15% Feb American *11% 11% 100 7 7% 7% 7% 300 167/a 16% 16% 100 10 6 3% July 13 * 69% 557 B * 11% 11% 50 common • 33% 33% 20 31% 31% 22% 69 68% 7% 28 Feb 69% Sept Jan 11% Sept July 39 Jan 32 Aug Stocks— Stores American _1 common Apr 69% Par American Hobart 123% ♦ common 12 9% 200 * common 20% Aug 1% 1 common common Libby McNeil] 400 25 Apr 21% Aug 16 3% * Hatfield-Campbell 12% • common Switchboard Co 193/4 Friday Unlisted Drug 19% 1 113% May 22 May .1 International Harvester Kellogg 1,100 • Jan 15% Aug ...10 — capital Indep Pneum Tool Katz ; 11% 73/4 Jun 8% Jan: 69% 1 common — Co Procter & Illinois 30% 11% 7% 5 -STOCKS— Kahn Hlbb Spencer Inc 30 % 10% 8%. Jun Cincinnati Stock Exchange • 52 - Goodyear Tire & Rubber Co Great 100 200 12 Crosley Motors Goldblatt Bros Jan 8% — Oil Corp Sunray United Jan 29 62% Jan 4% 25 Jan 100 ! 61% * 13% 1% 15 Schenley Distillers Corp Churngold Corp ♦ Brewing Finance 70 10 Jan Jun 9% 193/a • Standard Oil of N J 273% Aug Jan Dredge ft Auto • 7% Aug 15% 3% Jun 11% Jan * common Four-Wheel General Ccnnell & 2,500 30% • Champion Paper & Fibre Fitz 100 4% 19% 2% Sep 16% 1 (The) 10% ) 483/4 _1 —_ common Aug 116% Aug 57% Jan 16% -10 A 10% Jun Apr _25 common.. Corn 200 , 14% Aug 3% Jan 90 5 common 13% 8% Sale Price Corp Credit 9 * Inc Commonwealth Edison 400 2% common Co Jun 10% * (new)— Service Coleman 2,900 10% * vtc 4% July ' ■ft * Chicago Towel Co common Convertible preferred Chrysler 11% I preferred 300 Sep 10% * — common 7% 1% conhnon™—— Radio-Keith-Orpheum Republic* Steel Corp Rexall Drug Inc— Jun Jan 3% 33% 7% Jan 39% Jan 1% May —1 common Pure Oil Co 34% 11% 300 10% ~3% * 2% Co Studebaker Corp Central & S Jan Apr Feb 9% Jun 13% Jun 7 % * -m 200 400 1 % 7% 5 Packard 37% 14% 1 1 Socony Vacuum Oil Co Inc Biscuit Carr-Consol 8% May % 36% 14% •>6% 6 4 Radio 11 250 6 15% ~7% , 12% 5% 15% Jan 9% Jan 13% • * Laclede Gas Light Jan .. Co Utility Corp Motors Jan 1% 3% Electric Public Graham-Paige Pan 6% 12% common Feb < 42% 10 common 15% 200 4% 144% 145% 6% 4 200 19 18% 10 com— 45% 200 6% xl8% 1 common Berghoff Brewing Corp Bruce Co (E L) „ 5 common Investment Jun 45% 18% 4% — 100 Athey Products Corp capital. • v;.; A 37% 44 • common. common American Tel & Tel Co capital -Asbestos- Mfg Co :\45% General General ' Abbott 7% 1 ' '. Admiral 33% Jun for Week Last Sale Price common Pacific Canadian * Rolling Tel ft Mill Tel __ 10 22% 100 144% 25 26% 19% Feb Jun 27% Jan Jun 150% Jan 22 % 113 144% 145% 342 185 29% Jun 54 37% Feb 138 Feb Jun 7% Sep Chesapeake ft Ohio 25 30% 30% 30% xl4% July 16% Sep Cities 10 52 50% 52 Service 34% 52 % Jan Sept ! Volume 170 THE Number 4837 COMMERCIAL & FINANCIAL CHRONICLE (1011) OTHER STOCK EXCHANCES RANGE Friday Week's Last ' Range stocks— Bale Price Columbia Gas • Power Light & 11 1 Curtiss-Wright Dayton Low 5 SEPTEMBER 493 _9%,Jun > 3 Jan 123 26% 12 ;■ Apr 5% Aug McClanahan Murray • Stores Dept General Motors 29% 37 ' 29% Aug 39% Jan National 62% Sep Park 10 Jun 13% Jan 14 30 > 24% Mar 60 34% 29% 10 61% 62% 315 • 10% 10% 100 Jun Pennsylvania RR 50 ,' Welding common Stamping 14% 75 Jun 17% 8% 8% 8% 80 ■8% Feb 12 Apr • 30% 30% 30% 50 25% Jun 31% common 16% 16 %. 25e; 14% Jun 17% Jan 20% 24% 34 » 17% Apr 21% 15 ,» 20 % Standard Oil (N J) 25 Oil (Ohio) 10 1 B (H. & Co W.) Shelter 69% 139 60% Jun 78 Jan 25% 25% 22 20% Jun 26% 37% 37% 251' 37% Sep 43% Mar United Shirt 22% 37% • 22% 30 20% Jun 24% May United Cleveland Stock Exchange Friday stocks— Last Iron < Electric lllumln common—* Columbia Gas Consolidated duPont (E Natural I) - a41% — 138 Erie a 20 34% 16 •>>',>.\V'>r> >•>">;. General TRIeetrlft. General Motors Glidden Co ~;i ■ , ' . (Tfn) com 367/B Mar 20 Jun 12 51 38% Jun 46% , Apr Mar 64 43% Jun 53 100 21% Jun 32"% Jan >1 - a26%" 9% Jun- 14% 23% Jan 17% July & Co 162 19% al9% 50 * a — Tnterlake Lamson >> Jan 40 17% Jun 63% Aug 21% Jan 10 Jun 14% Z20 Aug 35% Aug 617/b Sessions N Y Jun Oil Packer Co Patterson Radio 20 * Jan 35 Apr 11% Jan 8% 5% 300 37/B Jun 5% Sep 4 400 3% Apr 4% 10%' 102 9% Jun 13% \Jan 58 a 30% 23% Jun 33% Jan 33 Aug ' 42 20 May all% aU%. 281 33 20 • • 20 . 9% 36% Jan 24 > Jan i4% • Jun Screw Standard Oil of Ohio common 10 S Steel (Un) Dorn Iron 19% 79 17 ? Jun 1,014 37 Jun White 69% > , • 22% ■60V* 350 - 160 common Products l common a — * ' — 27% Jan "43% Mar '74 y4 Jan 26% Jun Jun 20 244 150 7 201/4 ? > V 6 12 13% al35/a Jun Last all% allTs — Alleghany Corp Inc 9 138 13 July 15 Aug 41% loo 39 July 41% Sep 72c July May ,1% Apr 1% Jan Jun 16% Mar 6 >■ July 10% Jun > 100 12 v; Feb 143% Range for Week ef Prices Shares Jun 2% 2% 100 2% Jun 27% High St & San American Woolen Co 29 250 a9 % 56 13% (Un)__* 13% 205 a46% a46% 763 —:: a23% a24% Atchison Topeka & Petroleum Co Barker Corp Bros — common stocks— Week's Barnsdall Oil Company Basin Oil (Un)—.. Par Jun 37% 25% Jun 35 V* Jan 57 20% Jun 27% Jan Bros Davidson of Prices Shares 10 10% Steel 1 common-——— Blue Diamond Jun 12 Apr 83/4 83/4 150 7% Jun 10% Jan 33% 3% 33/4 1,710 43/4 Apr 15 15 15% 538 25c 26c 5 49% 49% — 5 a29% (Un) • 3 ;a26% 5 1 al9% Corp — 5% al9% al9% 5% 5% — (Un) Corp Borg-Warner — __ a48% • Broadway Dept Store Budd Co (Un) * * - Byron Jackson Co. , — a9% Packing Corp Pacific Ry Co * 25 com (Un) (new) (Un)_10 — Products Corp— 1 12 % & Iron Corp com — 10 (Un) a52 * 25 a27% (Un)—• 1 (Un)—• Consolidated Engineering Corp 1 Consolidated — 25 Corp Sou & Gould & Sav Mng Chollar Consolidated — Edison of N Y Liquidating Corp * Vultee Aircraft (Un)—1 Zellerbach 10% 700 8% -- ' 83/4 — — — a25% — 8% — 1 5 a26% (Un)—• a8 1 — -—- 30% 6% General Jun 7% '-> 2Q4 6% — A Cleveland & Detroit Edison Federal Mogul common— Mar 9 Sep Jun 57 30 1,889 5% :350 >- 11% Aug 30% Aug Aug 6% Jun 6% 6% 22% . Electric Foods General Co Gar Wood Industries Gemmer General 1 common Manufacturing class B Motors —10 common Hoskins Corp Motors 63/4 2,200 4% 22% 4,157 20% Jan 17% 100 15 % 1 Jun 22% Jun Manufacturing common.. -2% 1 Hudson Motor Hurd Lock & 11 5 Mfg common Goodyear Tire & Rubber Co Graham-Paige Motors Corp Aug McAleer Mfg ____ 17% Apr Hudson Hunt Preferred For footnotes A ■' see page 42. — • 27% Jun 34% Mar 23% Jun 33% 5 300. 20 18% 2,150 Jun Jan 6% Aug 25% Mar Jun 5% July 10 Jan Ayg 15 38% Feb 44 110 46% Feb 53% 360 10 6% July 7% Jun 100 24 >,'"80 25 ' Jan Jan 10% Aug 24 Apr 32% May Apr 32% May 14% Jan 10% Jun 703 a327/a a32% Jun 12% 12% 270 10 May 13% Jan 52% 52% 186 Jan aSOYa a52% al4%al4% a27%&27% 5 5% 1.30 1.35 a25% a25% 13% 13% 33% Aug 44% Jun 66% 71 38% Feb 50 % Aug 35 12% Jun 210 25% Jan 3 900 , Jan 95c 3,875 July 19 ,Jan 27% Aug 5%'Aug 1.80 Apr * ' 25% Aug 21% Mar 163 110 6% 14% May Jan 8% 10% 1,400 >17% May 255 8% Jun 12% Apr 11 % H% a26%a27% > 400 8% Feb 11% Aug 178 22 \ Jun 27 185 7 Mi Jan 8% 10% a7% a8 al9% al9% 7% May 35 75 50% ®60 17% a60 18% 15 15 100 37% 37% 45% 449 — — 9% 20% Aug — Motor 212 Feb 17% Aug Feb 11 34% 190 Jun 23 . Jan Feb Feb 59% July 21% Jan >15% May 39% Jan 41% Mar 45% Sep 52% 63 Aug ' 62% 14% 585 Foods, 200 > 3% Jun 63/4 73/4 385 7% Aug 93/b Jan 62% 62% 655 52% Jun Aug 4% 100 Independent Exploration Co Intercoast Petroleum Corp 11% 380 63 5% Jan Jun 14 Jan International 3% July 6 Mar International 10% — 356 11% Jan 14% Aug a38% a39% 1% 1% 137 34% Jun 45 62% 14% 200 248 * — 115% 115% 3% 3% 100 104 105 3% 3% 100 3 Jan 4 Apr 3% 100 3% Sep 8% 1.80 1.80 — 12 Nickel of Can — —100 33 %c Illinois Central RR Co (Un) • a39 6.66% Inc. 4% Jun — — 1 12.50 Car Co 4 3 — 3 (Un) Development Co Jun '1% May 3% Jan a26% 11 10 (Un) * Co (Un) 15 International Tel & Tel Corp (Un)—* Paper __ — a53% a9 8% 1.85 12 8% a26% a26% 11 13% 1.15 1.20 a27% a27"% a53% 54 a7% a9 112 10% Jan 100 Feb 12 July Feb 119 May 1,350 1.70 Jun 4% Jap 155 9% Feb 13% July 1,415 8% Feb 11% Jan 105 22% Feb 29% Jan Feb 20 6,060 1,300 7% 95c Jun 50 27% July 80 42% July 1.50 Mar 31 Jan Jun 49% Mar 8 Jun 11 Apr 3% Sep 9 Jan 16 Aug Jan >, 93% Mar 13% July Kalser-Frazer 1 3% 3% 3% 250 2% Mar 3% May Kennecott 10 common. Jan 28 Sep 3% — 1 10 5 common—* (Un) 1 Hancock Oil Co of Calif class A 22% Corp Kansas Power & Kaiser-Frazer (Un) Feb 11 • • Sep 18% 110 177/a -- 51% Sep Feb 11 % -- .12% Car common 4% __ 1 Howell Electric Motors (Un) 7% 4% 1 Gerity-Michigan Corp (Un)— Corp General Public Utll Corp Holly 5 * 50c 5 Jun 40 Jan 46 17% 5 —20 Navigation— —— (Un)-; common — Jan 20 High 7% 100 51% 30% 30% Corp Corp General Itango Slnee January 1 Low . 7% > >'a9% a9"% a22% a227% a32% a32% 13% 14 75c 25c 140 a49 7% Jan Jun Sep 9% ' 21 15 1,050 95% Mar r Apr 3,690 a44% a44% 5 i (Un)— Co a26% a27% 6% 6% 2.50 3,300 9% 10% a29% a29"% 1 15 (Un) Airplane .Company Chica Oil Corp Bolsa Greyhound Corp Detroit Jan Jun (Un) Corp Douglas Aircraft Co Inc Dresser Industries Inc Electric Bond & Share Co (Un) High 51% 1 25 • 65 8% for Week Low ft*" V" 2 wd Feb Jan 82% —-20c > Co Aviation Corp Bendix Cons Exchange Sales Range Last Sale Price common Jan 54 150 50 1 Consolidated Barnhart-Morrow Commonwealth Edison Co (Un) DETROIT Friday Power 14% ' Jun 180 1 10 Bandinl Colorado Fuel Detroit Stock Exchange Consumers 10% July Jun Jun 297/s Aug 93/4 93/4 Class _ 23 ; 93/4 (Un) 13 Baltimore & Ohio Railroad Co (Un)_100 Curtiss-Wright — 10% 42 138% Jun Jan 311 a877/a a897/s Santa Fe (Un)—100 Baldwin' Locomotive Works Crown _ Apr 3% May a22% a223/4 dorp ^Un).....—-—10 Steel Armco Creameries of America Inc — High 33/4 . 27 27 Copper Mining Co.(Un)—30 Telephone: WOodward 2-5525 — 7 50 145% 145 % a4G% _—* (Un) > a9 % 29 a9% Radiator California Chicago Stock Exchange Exchange Rubber Low 2% Smelting & Ref Co (Un) —* (Un)MM.._100 Consolidated Baldwin Range Since Janaary 1 800 American Commonwealth New York Curb Exchange Ford Building American Metal Prod 1 Sales Week's ; Jan Members Chrysler Corp 1.5C0 >200 Jan Watling, Lerchen & Go. - Feb 6% Jan 15 3% 1 (Un) Chrysler Corp V«:' " 11% Sep 3% American Tel & Tel Co Cities Service Co ■ 3% Low (Un) Mfg Co Caterpillar Tractor Co ■">>>": Jan Jan 10% Mar 8% July 1 (Un) Airlines American Certain-teed Stock "130 10 Alaska Juneau Gold Mining Co Canadian Detroit __ Jan 24% May JUn 12% 75 10 10 * New York Stock 27/b 18% Jun l8% Jun 220 3"% 80c 81c 11 Friday - Publishing 2,280 9% 9% 14 41% 41% 1 , ' World 350 2% Jun 15 „ Bale Priee Borden 22% •' 7 ZZZZi Youngstown Steel Door (Un) 14% Jan .>.•4 • Motor 69% a25% a257/a • Works 975 Los Angeles Stock Exchange Eoeing 25 Van 1 common Aircraft Bethlehem '41% 19% 40 40 — Standard Oil Co of N J (Un) U 15% Aug 2% Jan * Jun 20 * all%. • Bros Jan 46 36 550 33 . Republic Steel (Un) Richman 13 Jun f 9% 9% 10% . • Sargent Corp of America (Un) 550 a36 — * _* 33 4 ZZZso Corp 25 Mar 31% July 100 10% 40 5% — * (Un) 12% Jan Jun 8% __ • Jan 9% —1 Central RR (Un) Ohio 85 32% 4 National Tile & Mfg 22 107/B .1. 10 Brick Inc Metropolitan 51 40 — • n ~ Jun 3"% 9% 1 A Anaconda 11% 22 i;' 50 ... 10% 11 % " _• class A— Steamship & 11% "loo pfd— 462 550 Aug *H#r Bros 11 % 15% 14% _1 common American 34" > Jun > 15 a61% a62% * com ; common Radiator y ■ •<>**>•• a37 % a37% _ , Feb 1% May 4 1% Jun Jan. 50 20 20 f . Gray Halle . 2% July . 42% Jan 9% 10 Grelf Bros Cooperage 100 9% 1 Dist STOCKS— 59 10 (Un) (Un) Dug Stores Great Lakes Towing 350 iya Jan 2% — Jan 250 10% al0J/«- a —1 _ 5 Jan 10% July 100 40% a403%1 a26 » inn) common 150% Jan 11 a50% a50% — -—2 Rubber Faultless 2% 3 Jan 29%'July 31% Aug Aug Par (Un)_ —15 Manufacturing Railroad 18% Jan 11% 2% 1 Axle Allis-Chalmers Eaton 24% 150 15 __ 15% common High Jun 29% Jun v. a42 ii — (Un) £010 20 12 v*m 12% * Gas ,2 293 2 r Range Since January J 123 a30% a30% __ 1 common.^. System (Un) 100 28% 30% 1% __ 1 Corp Wayne , al44%al45%>x 25 Cleveland ^Shares of Prices Low :: High —100 Chesapeake & Ohio RR (Un). Cliffs 3% July 2% Jan for Week Range .» > Par Cleveland 3% July 2 July 'Sales Week's Sale Price (Un) 100 2% 2% 1 Die & States Warner Tel 300 2% 2 __ 10 Timken-Detroit Class & 3% Jan Walker Tel 13% Aug 28% __ 2 Manufacturing 68% 697/b • (new) American 2.00 Mar 10% Jun 95c 30% — * common Manufacturing Rudy Udylite R Steel S Feb 100 Jan Oil Brands Standard U High > 1,240 3% 2% __ • Brewing Superior Tool Timken Low 1% 1% 2 Scotten-Dillon Vacuum Standard Range Since Janaary 1 High Apr Oil Socony * Shares 12%. 12% — — 1 common.... Davis Pfeiffer Rickel Pure for Week Mar* 14% 33Vie Pepsi-Cola 1 Electric Chemical Parke Central York New Low 10 • 30% May >'37% 29% Electric Oil Corporation Jan 50% July 333 Range of Prices Par High Sales 'Week's Last Sale Priee National Federated General '""Friday STOCKS— " 2834 9 Range Since Janaary 1 Low -11% " 5 5 28 % ENDED >'>':> Sales Shares High 107/8 7 _ WEEK for Week of Prices Par FOR 6% 6% 6% 125 6 6% Kern May Sep Light Co Copper Corp County Land Co (Un) 1 5 — — * — 5 — >44 3% 15% 3% 15% 1,532 618 15 Aug 46 42 46 10 43 May 56% Jan 42 485 39 Jun 46% Jan 35 36 THE (1012) COMMERCIAL RANGE Friday * Ran ge par Laclede Lt Gas Lane-Wells Co (Un) Company Lincoln Petroleum Locaheed Aircraft Menasco Middle Corp Utilities South Ward Montgomery Nash-Kelvinator National Distillers York Central RR American Company (Uni Northrop Aircraft Oil Oceanic Edison Ohio Oil Pacific Gas Elec & 1.50 __ Lighting Pacific Western Packard Motor Pepsi-Cola Corp Pullman (Un) Company 29(4 12% 6 300 67 33 33% 1.45 28 24% Jun May 2.65 Jan July 29% Aug Jun 32% Jan 25 (Un) 28% Sep 28% Sep 50% 38(4 33(4 38(4 100 32% July 4 4(4 531 a8% a8%" a8% 105 • (Un) Aug Feb Apr 28(4 Aug 350 25 33 % 30% 26% 200 a32% Jun 53% Apr 41 Anr Curtis 110 10% 13% Jun 17% Apr Jan Jan 12 9% 53 Jan 8 2% 9% 51% 52 • 4 * 21(4 1,442 52% 6% * Delaware Power Eastern Sugar Electric Storage 1 Light 9i Assoc pfd... $5 20% 20% 13% com 21(4 138 High Jan 27% Sep Jun 150% Jan 435 !> 11% Jun 14(4 Jan 113 1% Jun 3.25 Jan 555 7(4 Jun 10(4 Aug 451 44(4 Jun 57% Jan 4% Jun 7% Jan 16% Mar 21% 16"% 21(4 Sep 67 Sep 51% Jan " 6% 360 " 20% 132 219 20% 21% 67 1 67 25 60 Jan Mar Sep 40 39% 40% Fidelity & Deposit Co 10 65 % 65% 62 56% Jun 75% Mar General 10 62% 61% 62% 1,079 51% Jun 63% Aug 5 14% 14% 15 Lehigh • Battery Motors Corp Brothers Coal & Lehigh Valley RR Maryland & Pa RR— National Power & Light... Pennroad Corp Penn Water & Philadelphia div $1 Phi'co preference common common Gas common common Paper Sun OH Gas Jun 5% Jan 1 Sep 2% M°v ft Jun ft Jan 8% 9% 1,826 6% Jan 19 1,050 16% Jun 20 14% 14% 2,203 14 Jun 17% 40% 40% 40% 110 32% Jun 42% Aug- Feb 25(4 Jun 36% May 32 Apr ny4 ip/4 655 9% Jun 14 Jan 71/2 gy4 960 7% Jun 9 Apr 2%s conv 34% 35% 20 22% 23% 3,966 24% 24% 274 23 Jun 25% Feb 27% 26% 27% 199 22% Jun 40% Jan Aug 47/8 1,488 6 Mar 2%s conv debs— 33 Apr 20% Jan 36(4 Apr 24 % May • 23% 23% 23% 630 20 Jan 24 • 28(4 28 28(4 540 25% Jun 28% Feb 19 19% 105 17% Jun 23% Jan 60% 61% 181'. 46(4 Jan 61% Sep 59% 60% 208 52 Feb 60% Apr 2 Feb 5 Aug 22% Aug 60% 22% 3% 4% 1,102 22% 640 107% 107% $1,300 1961 debs 434 Jan 24% 1957 32% 160 May 23% 1 13(4 Improvement 50 30(4 9% Aug * • Corp United 3% 2 100 18% * common Co United Jan 14'/a 50 Reading Co Scott Jan 11% 3 common El & 17 % Jun * common— div preference $1.40 Jun 6% 18% • 50 10 —* Co Power Electric Corp 9 12 y4 13 4 A 1 RR Jun 65 1 * 34% 140 7% 1 —* ..100 461 - 7% 4 * 10 Navigation Apr 14% Low •T.V.V* 13% 2% ' 9% Co. 27% 144% 145% ;v__ 2(4 30(4 * * — Publishing Public Service 4(4 Jan 39% May 50 a32% a3234 Jun 8(4 Jan. 631 a41(4 a41% __ 14(4 3(4 vtc Corp Pennsylvania Salt Mfg 236 a8% Company *_ 35% Aug 28(4 14(4 com 33(4 Aug Apr 28% a8% Co 32% 35 a53 14(4 Budd Transit Pennsylvania Power & Light.. 28(4 a8% — Pennsylvania a51% 33%c Jan Sep a53 50 (Un) 17 11% July Jan 28% __ -• 30% Jan 729 a32% a32% __ Arundel Corporation Range Since Jannary 1 High 26% 145 Gimbel 9.900 a35 a35% 28(4 2(4 (Un) Company 1.60 • (Un) (Un) Co Incorporated Oil 20 10 Corp Car Co Phelps Dodge Corp Pure Jan ♦ Airways RR Pennsylvania 16% 55 29 __ 25 Oil American Pan Jan 1.45 33(4 redeemable preferred. 25 redeemable preferred class A—25 Pacific Jan 20c a29% a30% > • 5% 5% 13(4 Jun 15 25 Jan Jun 110 25 14% 8c 15(4 preferred 5(4% preferred Jun 9% 10,000 100 Davison Chemical Corp 220 15c 27% & Tel Baltimore Shares Mar 20% Aug a5% 6% 59 Jun 15(4 common 15(4 July Jun Jun 10 Vs Tel Chrysler 15(4 July 11 American for Week of Prices Low * Storea Sales Range Par American Jan 6% al8% 818(4 .. 8 Jan 17% a5% d w 2% 1.90 84 1 company (Un) Co Jun Jun 116 8c 1 18% Aug 48% 20 (Un)__10() Inc; Jan Apr a8% a8% .. 10 Co Ohio 85c 800 1.45 22 Week's Last Sale Price Jan 8(4 Mar a20a20% a8(4 10 1(4 1,350 26(4 i; 8% Aug • Pacific Railway Co Jan 14% Jan 59 .-1 Northern 16(4 256 al3% al3% __ (Un)—• (Un) ■ al7% al7% 1 Prod Corp Nordon Corp Ltd North 1(4 1.35 July 90c 80 a52 % a53% — 5 City Lines Inc National New 1% (Un)—• (Un) Corp al9 30 Jun Friday STOCKS— 7% Aug Jun 6% 3,300 1.20 —1 Inc Co & 20 1.20 al7% al7% 1.30 1 9 Philadelphia-Baltimore Stock Exchange High Jan 70 al83/4 al7% —• Co.. 5 40 1 Petroleum 50 a23 1.10 al8% 1 ..... a7% a7% 1.15 f Low a7% — 10c Co Mfg Merchants 7 Co__—_ (Un) Inc loew's (Un) SEPTEMBER Biuift Sinee Jsnaary 1 High a22% _—..I — Libby McNeil & Llbby Shares a7% ~ EXCHANGES ENDED for Week of Prices Low 4 WEEK FOR Monday, September 12, 1949 Bales Week's Last Sale Price FINANCIAL, CHRONICLE STOCK OTHER STOCKS— & 105 18 y8 Feb BONDS Radio Corp of America (U11) Radio-Keith-Orpheum Corp (Un) Republic Petroleum Co. Republic 8teel Corp Reserve Rexall Oil Rheem Gas & Drug • __ 1 1 (Un) 7% 47/3 193/3 1 Mfg Co— 7 2.50 —1 a5 i __ Richfield Oil Corp common Ryan Aeronautical 39% Company St Regis Paper Co Finance Roebuck Shell Inc (Un) Co Oil Sinclair Oil of Calif Corp Aircraft Southern 4.32% 6% Edison Co Ltd Calif Southern * 6% pfd 27% 27% 150 22% Jun igs/g 183/4 29% Aug 665 16% Jan 19 % Mar Oil Co Stone 47 30 371/3 371/3 175 isc Gulf Tidewater Assoc Oil 26 & Carbide Union Oil Union & of Co Pacific Aircraft United Air Lines United Corp United Gas United Western For 10% _ 11% 5 __ 1 Corp footnotes 33% Co 330 2y 25% 26 Feb 12 (4 10 a81% ; Inc 1 (Un) page 10 42. (D L) a30 129 25 High 17% Jun 26% 11 Jun 14% Mar 8(4 Jan 10% May Jan — 8(4 8% 145 11 10% 11% 240 — 2% 2% 350 11 9% 11 11 9% 150 50 8% Jun 11% Aug 9% Sep 24"% 11(4 200 8(4 Jun 11(4 Aug 20% 20% 145 18% Jun 23% 31% 31% 75 3) V* Jun 39% Mar 6% 6(4 .*350 6(4 July 8% Jan 3V4 34% 3% 34% 8c 15 135 26 2,000 66 28 % 25% 24% 120 45 * . Corp —5 Pitt Steel Corp Brewing Walker - Refractories Joy Mackintosh-Hemphill 492 26(4 Mar 29 *9% 2 12% Jun Feb 3 Apr Aug 23% Apr 26% July Pittsburgh Brewing 33% Mar San — 11(4 1 com—* Jan Jan Jan 588 — 10 Brewing Duquesne Fort Sep Manufacturing 1 5 Co — common — Pittsburgh Plate Glass 40 86 Jun 27% July Mining— Toy 35% Aug Standard 49(4 Jan 37% Feb Vanadium Steel 17% Apr 56% Jun 68% 21 Feb 42% 80 72% — Brake— Electric Corp V/estinghouse Sep " * t 7c 15 — 28% 25(4 — 25% • 12.50 Air Jan 17% ... — 34'% 7c 24(4 93 2(4 28% 6c 12(4 Apr Jun Feb Jun ... 28(4 Sep 21% Jun 20% Jun 3(4 35% 16c 16% Aug Aug Mar Aug 34% Feb 34/8 Jan 26 k Jan Sep a68% a69% ... * 10 1 1 31% — Sep 37% Spring Alloys Steel Westinghouse 10 ai7 22% 150 10% 103/, 62% 3591/, Jun 13% 75 22(4 Feb 16% Feb 1,315 9% 21% Jan St. Louis Stock Jun Friday 11(4 Jan 148 49 Feb 12 58(4 Aug 58 Feb 64 a23% a23% 11% ni/4 37 19% Jun 25% Jan 10 Jan al4% al4% 35 77/- a2l a21 20 10% Feb 230 40 313/ a81% a81% 145 1,045 12 120 ai2% al2% 10 41/ ai7% al7% 550 41 6% , 20 12 Burkhart 37% Falstaff Brew common General Electric common (Un). Jan General Motors common (Un). ..10 2 25 Jun 76% Jun 20% July 41(4 31% Mar 86 Jan Shares Low 18% 200 144% 145% 371 13 Range Since Jannary 1 High * High Feb 18% July 138% Jun 150% Jan 16 20(4 70 37% 37% 424 23% Feb 39% Aug 37 50 34% Jun 40% 62% 61% 62% 304 52% Jun 63% Aug International Shoe Brewing __ common • 5 28% 28% 28% 365 19 % Jan 29% 44% 44% 30 40% Jan 45% Aug 11% 11% 10 Jun 14 Mar : 11% 20 ; • 150 lfi Jun 23 Aug Jan Aug 26% Apr 14(4 July 2% Jan 16% July 4% Aug 17% Aug 20% Jun 24% May Feb 51 July Laclede Gas Laclede 35 Feb Griesedieck-Western — Laclede-Christy common Jun 45% Mar for Week 37 • Jun 5% 20(4 1 common Aug May 860 160 ...8 Mfg 8 937 106 18% 145% 24 22" ®4 9 1 (Un) Tel Sales Range of Prices 16% Aug 49(4 a48% & Mar 35% 11 Tel American Week's Low v; .100 American Invest common Feb 48(4 afiiA Sale Price Mar Mar . Last STOCKS— Par 2,315 Exchange 23% Aug a60 a6y. _ 19% 13% 1 - Svstem Commercial Sep 22% —. Range Since Jannary 1 * Co Columbia Gas 33% 736 4„ ~ • I_10 Clark 30% a2l%a223/0 II Feb Low 18% * Co Jan 68(4 68 31 (Un).—50 Sep o4% High 13(4 19% -—* Allegheny Ludlum Steel 28'/a Mar 73/4 a21 105% Apr Apr a42% a42% 40 5 Jan 29% 2,262 30% 25 Corp see Apr 17% 9% 50 30% (Un).* (Un) Co 24 a64 a64% __ 1 (F W) an ai7 22% (Un)___.♦ Consolidated Oil Co Wool worth __ 2 Air _10 Air Lines an a20% a20% • (Un) Steel Jun Jun 32% Corp States Universal 18% 14% 477 II II Sep Jun 37 Jan 391^ (Un) Inc 28c 3gi/a 10 Calif Corp 311 Jun a29% 25 (Un) Western Railroad United Feb Jan 33% Mar 33% Apr l (Un) Carbon 50% 38% 104 1 Tri-Continental Corp (Un) Twentieth Century-Fox Film Union 1,475 16% a35(4 a35% __ • iUn) Corporation Transcontinental Jun Feb 12c Shares Low Par Harbison 25 Co 24 16% 33 ♦ Sulphur Company Transamerica 2,000 28% 30% 107% 100 % Sales for Week Week's Sale Price Follansbee 25 Sunray Oil Corp common Texas Company (Un> Texas 45 35(4 (Un) Inc 15C 23% an 102% May 41% Aug 31% 35(4 (Un) Studebaker Corporation Feb Range of Prices Last STOCKS— Continental • tUn> (N J) 34% • Calif of Webster & 182 • (Un) (Ind) Standard Oil Co a40% 841(4 47 25 (U11) Sep 8(4 Mar Blaw-Knox __ 3,300 8,500 44 Pittsburgh Stock Exchange Friday Jan Jan _ Standard 26% 4% 6% __25 Company Standard Oil Co Jan 300 17% 25 — Standard Brands Inc • Sep 6% 2,939 5 62 25 Co Southern Railway Company . 40% Jun 4o 425 25 A Pacific Jan 39 a7 com—25 ; Gas preferred 25 105 % 43(4 4s__——1975 Co Jan 26% 1 preferred Southern 19% a6% • preferred preferred 4.48% July Transit Aug a6% 15 Company Calif 4.56% 16 Tel— & 27% Jan 5 1 Socony-Vacuum Oil Co Inc (Un) Solar 65 15 ... Co Tel Apr al7% al7% 30 Corp Petroleum 5% Jun 26 • Company Union 7 4(4 Aug 17% 26% __ Signal 3(4 Jun 108 1 _ Co & 4,422 1.75 (Un) Industries Seaboard Security 120 7 a5 \ 5 Schenley Sears 193^ q a4% 43/4 1 Safeway Stores Inc 4(4 Jun American Baltimore • Co Ir.c . Steel North common Sears American Roebuck Securities com Invest Stix-Baer & Wagner 5 Jan 26 % 125 23 July 17% 17% 17% 574 36 Jan 18% Aug .10 18% 18% 18% 93 15% Jan 20 Ye July (Un) common 41% 40% 41(4 42 Fuller Electric common.— common 7% .20 7 7% Jan 69 34 32% 32% 25 31% Mar ' 1 10 10 50 13% 13% 36(4 34 12% May 13% Mar 89 33% 46 5 15 35% 35% 9% Jun 7% Aug 34 * common Sterling Aluminum common 7% Apr 48(4 Aug 1,518 26% .25 -4 common Missouri Portland Cement Sept Jun Aug 32(4 Mar 15 J^n Jan Volume 170 Number 4837 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE San Francisco Stock Friday STOCKS— Air Reduction Co (Un) American Airlines Inc Amer & Amer Factors Radiator tUn» Ltd & (Un) cap Stan San (Un),. American Smelting & Refining American Tel & Tel Co * 10 13y8 13y8 25 1,082 25 High V Feb 23% May Jan 10%'July 1% 272 a62% a62% — • Copper Mining (Un) a2 Marchant 7 . 50 ,i,. al45 al44'/8 al45% 14 20% 101 \ a43% a43% __ „ Range Since January 1 195 gy2 16% Last; f_ Jun 2%-Aug 15 Jun 10 % , 45 V# 138% 51 . 22 Jun Apr Jun May Jan 14% ; • Jan 53 »/2 Feb 149% 61% Jan Sep 24'/4 24% 218 22% Jun 37% 26% 263/4 160 25 Va Jun 34% Jan 30 % 30 V4 30 % 621 28 y8 July 36 36 Martin Co (Glenn) McKesson Menasco & Robbins Mfg Inc (Un) M J & M & M Montgomery Cons Ward National Auto (Un) — (Un) 20 Arkansas Nat Gas Corp A (Un) * Fe (Un) 100 Archer-Daniels-Midland Atchison Top Atlas Corp „ • & Santa (Un) Sep 36 Sep Aug 102 Jan Corp a227o a227a __ (Un) 100 1 Bank 31/2 100 245 248 21 31/2 A fcarnsdall Bendix Oil Co Aviation Eenquet N 2% Cons 5 5 8% 100 10% 2% Apr 4% Apr 55 237 % 70 28% 125 21/4 7% 7 % 1.95 1.95 2.00 711 19'/2 19% 19% Byron Jackson Calaveras Co California Co Canadian Pacific Railway Caterpillar Tractor Celanese Corp of new Preferred (Un) 2% Aug 25 — Cities Co Service 150 1034 Jun 15% Jan 12 % 12% 600 9% Jun 13 Aug 1 12% Edison Co of N Natural Crown Gas Co Zellerbach Y Co (Del) Amer Di (Uni Dumbarton du Pont Eastman El Oil Food Paint Goodyear 75 40U 122 5% — 51% 63 394 24 Jun 30% Jan 90c Jun 1.80 Jan 30% 5 18% 44% Jun 34% Jan Jun 8% Jan Jun Jun 32% 57% 6 . 48 Vb May 25 y2 30 Sep 65 18 % Apr 22% Jan 11% Jan 11 11 383 9% Jun 5 5% 766 2% Jan a27% a27% 25% 87 25% 290 a40% a40% 90 a61% a61% ny2 20 240 25% Jun Sep 43% jfn 54 8% Apr 55% 11% Aug 27 1,455 20 Jun alOl 5 94 Mar 95 24 90 May 7% 693 95 7% 7% Jan 27% Jan 100% Aug 95 9% Mar Jun 12% Jan Jun 12% Jan 3% 3y4 300 3 Jun 6 Jan 29% 29% 692 24% Apr 30 July a48y4 a48y4 41 43% Apr Feb 7 July 52% Aug __ __ (Un)—10 i • pfd pfd 40 a45% 202 37 720 31 26% 284 37% __ 10% 26% — 3''% 780 a44% a45% 89 9% Jun 14% Jan 39 28% Jan 34% Jun 39% Jan 41 y2 Jan 43% May 61% 62% 777 53% Jun 62% 13% 150 10 Jun 16 y4 Jan 66 66 50 56 Jun 66 Jan '• a39y8 a38 3 a39a39% 130 37% Jun 44 a37'/4 a38 100 34% Jun 39% Inc 11 11 % 960 10% Feb — * Apr 11% July 15 15 295 12 17% 17% 500 16% July Hobbs 15 Sep 19% May 19% 22 70 18 23 % Mar Honolulu Hudson Hunt Oil Co Inc.. Maryland Power 12.50 6% ;___ Mines Co__ Corp Independent Exploration International Nickel of International Tel Tel Mining & com Johns-Manville Power Kennecott Eern Copper County Land Aircraft Inc Wd (Un) 8.75 ' Inc 11 13% 8% Aug 1.70 32 % Jun Jun 11 6,375 7% Sep Feb 26 Jun 31 % Jan 8 550 8 Jun 11 28c 1,000 26c Sep 45c Jan 40% , al5% 40% 168 33% Jun 40% 3% 3% 1,195 3% a 15% al5% 413 a45% • . a46 159 5 42% 42 42% 1,130 — 29% 29'/4 245 a7% a7% 7 — Corp 1 (Un) * — a 18% — 28% Aug 29% a29% a30 % 78 23% Jun 33 Jan 50 28% Jan 30 Jan 10 Jun 13% ; a30 U7a 270 3% Sep Jan Jan 6 33% 2,412 30 Apr 33 y8 Aug 353/a 456 33 Apr 36 Aug 28% 1,120 26% Apr 28% Jan 28% 28% 295 28% Aug 28% Sep 50 Jun 54 Jan 44 July 58 Jan A..25 fx-; — Apr (Un)__ —10 a52% a52% V Oil Corp Radio 0! —J. 54% 55 30 177« 18 528 15% Feb 1007s 103 439 89 Feb ,4% 4,/«. — « (Un) a 14% Railway Eq & Realty Ltd Preferred Rayonier Preferred Oil Cement 1 • class Co A Sinclair (Un)„• Southern 4.32% • pfd Southern 41 Edison Co pfd A ser Co 33% • Oil of Indiana a25% N Carbide Co Air a20% 25 (Un) (Un) & of 9 Apr 10% Aug 42% Jun 62 y2 Aug 18 21% Jun 28 y2 Jan 31% 200 July 34% Feb 43/4 4% 100 20 Oil Carbon Calif (Un) common Inc a69% 22% 438 17% Jun 26% 105 35% Jan 38% Aug 115 14 Jun 19% 39% Aug 39% 39% 653 25 Jan 24% 26 1,426 21% Feb 25% 320 16% Jan 8c 10,000 41 41 » 200 75 30% 150 Jan Jan 26 Sep 26% ' Sep 6c Feb 11c 34% Feb 41% Aug 31 Feb 38% Jan 20'% Jan 34 Aug 18% Jun 16% 776 14% Jun 17% Jan 27% 842 21 Jun 28 % Apr 33 29% Jan 23% 570 24 24 Mar 26% 33% Apr Sep 265/a July May 29% 26% Mar Jan 29'/s 29'/a 138 27% Apr 29 Va Sep 35% 100 33% Apr 355/a Aug 39% Jun 497/a July 277/8 Apr 35 Mar Jan 205/a Aug Sep 340 33% a25'/4 a25% 160 24 33c 205 32c Jan a20% a20% 62 18 Jan 68% 850 55% Jun 68% 42% 42% 300 39% Aug 427a Sep a69% a69% 237 61% Jun 72% Jan Feb 24 Aue Mar 30 Mar 22% 100 a29 '/a a29% 50 a59% a59% 22% 187 10 23'/8 23% 870 11 '11% 3,147 16 s/a 30 Jun 59% 19% Jun 25% 10 Jan 12 487a Sep Jan Mar Jan 38% 31% —10 39% 605 33% Jun 41% 31 >/2 31% 472 25% Jun 3174 Mar al3% al3% • 25 57a Mar 4% July 17% 2 common 28 ; a385/a a39% 25 (Un) Lines Jan : 68% 42% 1 J Corp Oil 14% Jun Jun Mar 30 33c 25 (Un) Ass'd Apr 61 25 Corp Company United ,7% vr: 7% Jan Apr 32y8 Feb 38 V4 • • Union 200 Mar 60 21% 35 35 y2 29% 25 (Un) Water 95/8 100 10 10 Calif Texas 444 7% 30 Co Transamerlca 1174 1,326 Oil Co 25% 33% Standard & 60 a28% a28% Standard Brands Inc Studebaker 32% July a25% a25% * of 85 16 y4 • 1 Oil Co Jun a323/4 a323/4 25 Sperry Corp Spring Valley Co Standard Feb 11% 23'A 27% 25 of 52% 12s/a —25 (Un) com 4.88% Pacific 157 570 57% 30% 5 Co Feb , a36% a37% 15 preferred pfd 4.48%—— Conv 49 y2 452 8c 26 • (Un) Pulp Co Southern Cal Gas Jun 417a 7 25% 39% • (Un) Oil Apr 37 750 17% 15 Corp 83/a 11% 87a 19% a38% Pio & Co Calif 4% 5 Oil Oil V 1 Signal Oil & Gas Co A Soundview Jan Jan 8% 60 * 10 Safeway Stores Inc, San Maurlco Mining Union Jan 17% 317a Co Corp Roebuck 20 July 8% a24% a247a 1 com_ Republic Steel Corp (Un) ; Reynolds Tobacco class B (Un)__. Rheem Manufacturing Co Richfield Jun 14 % 10 . Riverside 10% Mar 157a 184 75/a —100 Incorporated Republic Petroleum Feb 989 11% 1 * com 200 a.30 % a30 % a32% * (Un) 8% 183/4 12% _• (Un) Jan 14% al43/8 57% * • America a 41% — « (Un> Sep 4% Jun 3% 225 ' 19% May 103 18% 18% HI50 (Un) . 8% • common Orpheum 211 ■ — (Un) (Un) Keith nW 102% * (Ilnl Co P cn to 68 103/4 Jan 143/a Mar * ' United Corp of Del U S Steel Corp 4 »/e 4% 230 2% Jan • 22%' 22% 769 20% Jun 235/a Aug 48% 48% 345 35 Feb 51 5 2.50 2.50 100 (Un)—1 85c 87c 2,500 common Consolidated 4% 1 (Un) (new) Oil 10 48,A Sep July Apr 28c .r Jan 700 665 28% • 19% July 180 8 a27% a273/4 — Feb 2.65 1.50 July 1.60 29% Aug 2.25 Aug 35 15% , 35% „ Universal 10 Company series Puget Sound Pulp & Timber Pullman Utah-Idaho Westates 9 15% Aug 41% 55% Jun al8% al8% 17VS# 17% 20 39 Jun 27% May 46 y4 Sugar common Petroleum (Un) common (Un) 1 Sugar common 2.05 85c 2.70 Feb Apr 1.20 May Feb 5'/a 5% 1,120 5% Sep 73/4 Jan 20% 20% 195 177a Jun 223/4 Jan a6% 5% 1 a6y4 60 53/4 Feb a27% a27% 40 Sep Jan Sep 15% Sep West Indies Western Air Lines Inc 1 (Un) •; 7% Apr Jan Western Libby McNeill & Libby Lockheed 200 __ • common Leslie Salt Co Loew's 37 2,450 35 13% July 550 , 33% —25 Union 2.10 .* 1 Corp 13% Aug Aug 157a 35 Va Phelps Dodge Corp (Un) Fhhiips Petroleum Co. Preferred Corp (Un) Lt Feb a8% P2# & 10% 35 a27% Kaiser-Frazer Corp Kansas 147 2.05 (Un)_« Co Jan 12 Aug 11% 33 %c Tide 14 85 33% Pepsi Cola Co (Un).—... Swift Mar 75% July 29% — —100 Airwavs Comoan!es Jan 66 y2 a8% 11 (Un) 4y» Jun — ; —33%c Canada Jun 42 y4 — 20 — 1.65 565 2.10 (Un)__l _—. 104 50V2 12 — 5 50 __ Car Jun May 5 Corp Motor Foods Idaho Idaho IXL 15 Pineapple Co Ltd.— _* Eattery Co class A (Un)—__* Development Co 1 Holly American Paraffir.e Pennsylvania RR Co 1. -"v Hawaiian ,_ 10 115 1,414 Sep (Un)_* 120 4% common com Sep 13% 14 77% 4J/2 Standard — Apr 25 com Jan 22% May May 28% Cement Packard Motor Co 47% Mar Jun Jun 13% * (Un) 71 10% _,_100 Rubber 5 47% Aug 11% 19 4% common Service Tel 61 Soconv-Vacuum 36% __ 10 — common.— 100 175 __ • (Un) 6% a42% a42% — _10 non-cum Stores Public Tel Conv • (Un) 6% a50% a51% ■„ * Corp & __ .5 common Co Ry — * Jun Feb .—5 preferred Portland 48 y2 Mar * — (Un) 8 __ Lighting Corp Pacific Shell 8% 8% 55 ' Pacific Sears 10 17% 1,200 18% a30 common preferred Feb 125 ■-J-; ■' Bros Jun Jun Jan 26% __ Aug 25% 41% alOl __ 27% 21% Mar 11 a 1.55 preferred Pacific Apr 5% Aug 6% Aug ...25 Electric 1st red Pure 8% Aug 20% Aug 14% a30% 6% Pan Jun Feb 53% Mar 14 —100 (when distributed) 5% Jan 42% Mar 200 Greyhound;5., Corp Hale Jan 9 Co Corp Tire North a28 1 35 83i Golden State Co Ltd 4% Great 14% 33% Aug al77a al8% 26% 10 Co Motors Jun Jun 9 (Un); General Foods CorD General 10% 27% 8% Works General Jan 130 9 Nemours Capwell Electric Apr (Un) 63/a 17% 15 76 100 com 150 325 10% al8 Apr 8% a6% 10% * 57% Mar 20% 20 a6% cap Jan 58 8% Machinery & Chemical General 36 % Feb 428 33 y8 155 11% 15 de Kodak Feb Jun — l common Bridge Dorado Emporium *»n 52% 5 Co (E I) 29 A common—5 Fields Co Chemical 300 18% __ « (Un)„ Doernbecher Mfg Co— Dow 33 54% 13% July 1 ___ Dominguez Oil Apr 50 — Corp common—.5 Corp Jan 8% al4% al4% a40% ___5 preferred common 25% Jun 100 * Giorgio Fruit B Jun __ (Un)...» Inc Corp Jan 30 __ 2nd 22 5% 30 __ (Un)__ 15 Preferred Curtiss-Wright Jun — 25 Orisoliaateo Oil 13% — * common Edison of 41% May 20 1 Jun a63/4 8% - « (Un> Aggregates 1st July 13% * red 23c 13% United Filters A—, 5% July 22% (Un) & 15c Jan Jan 19% Mar . Gas 600 2.10 35c 48 (Un) Ry Co Aug Jun Jan 1,000 a52% a52% 77% com Co Parlio Consolidated Creameries 24 21 y4 a50% a51% __ Broadcast System A 2% Columbia Gas System common (Un),..* Commonwealth & Southern (Un) * Continental 18% Aug Pac Jan 100 51% Columbia Commonwealth B Jan 100 15% a217a a21% __ 31/3 Iron Oil Oliver Mar Feb 5% 51% 10 Co Colorado Fuel & 2.60 40% a30 a30% __ __ 25 (Un)„ Chemical 14% 205 1 35 — ' 100 __ Jun 95 Mar 23 33 ~~ (Un)-* com 7 7 75/3 a27% RR 2% Aug 60 al3% al4% __ l — Chrysler Coip Clorox al4 America Chicago Milw St. Paul Jan; 54% - 10 Eureka Mining Co Chesapeake & Ohio Ry (Un) " 32y4 __ (Un)____25 Central Ohio Aug 34% Mar Oil Edison Pacific 50 common Oceanic 50 75/3 __ • common —„—______— ,355 23 • Packing Corp Preferred 15% * Cement 100 a43% a44% „ 2V2 Aug Jun 26 y4 478 1 (Un) Jan 37 % 1.35 22c 206 Corp Invest Pacific! Pacific Coast 5 Bunker Hill & Sullivan 7% Mar 42 2,400 (Un) __ Northern Apr Jan 400 preferred Jan 100 . American 6% Ohio 2% 15 Mar 18c 17% 33 y4 May 100 " Sep Jun 21 capital Co 18c 18c 3ic 27% 7% 150 1.55 31c 18 Jun 21 _■ Service American Mar 32c Jun (Uni (Un) 6 Jun Jun Holdings Corp Eorden Co Co 20% Mar Jun 8 Boeing Airplane Co Blair % 5 28% 2 4 22c 165 a47% a48% 28% Pi Bishop Oil Co 5i/8 8% __ 3 Mining 2,000 20% Mar 320 25c 5y8 — 5 (Un) 5 25c __ 3 (Un) Corp Natomas North 1.55 High Jun .5 National City Lines National Distillers Products Linen ; a527a » (Un) Fibres National North Baltimore & Ohio RR Landini Petroleum California 9% May 36 87 10P of Jan 25 125 a9% Imp Diesel Engine Big Wedge Mining Co Avco Mfg Corp—; Atok 6% a978 a88% a8978 ,, 5 Atlas 100 31% Mar 20 5% 18 10 Co ,_ Anglo Calif Natl Bank a8% Low a36% a37% __ 31c 1 — Co & Mori ison-Knudsen Nash-Kelvinator 1 1 620 a8% P10 11 27 y2 Range Since January 1 High a8% 25 27% 18 Co Shares a8% _1 Mindanao Mother Lode Mines for Week Low 5 Feo __ __ 50 Range of Prices , 1 Calculating Machine.—, Sales Week's Friday Sale Trice Low a2 - —100 (Un) 9% „ (Un)—* (Un) American Viscose Corp com American Woolen Co (Un) Anaconda 20 22% 16% __ * 9 Magnavox Co High 22 y4 ; (Un)__l common Foreign Power American ' * SEPTEMBER Par Shares Jan 32% Mar 6% Jun 8% 16% Jan 21% Apr 14% Jan 18% July Railroad Co com—* — a ^13% May" Western Union Telegraph (Un) * al4% al4% al4% 80 Westinghouse (Un) 12% a24% a24% a24'/2 137 4% 225 43/a Jun a49 a49 % 187 443% Jan Elec Corp 21 Jun — 16% Mar 263/4 Jan 77a Jan Jan 37 350 Pacific Willys-Overland Woolworth (F Motors (Un) (Un) W) 1 10 4% 49% July ' For footnotes see pcee 42 37 EXCHANGES ENDED STOCKS— for Week of Prices Low (1013) Sale# Range Par WEEK Exchange Week's Last Sale Price FOR CHRONICLE I 38 (1014) THE COMMERCIAL CANADIAN RANGE Montreal Stock & LISTED WEEK FOR FINANCIAL ENDED CHRONICLE MARKETS SEPTEMBER f> Friday Exchange STOCKS— STOCKS— Range ,; , , . Power & 14% 14% 3,516 18% 18% 700 22 22 • 100 Algoma Steel Aluminium Ltd Aluminum Co Anglo Can Tel Argus Corp 4 % % JLto 4%% pfd common St A Mills St 30 Jun 175 26% 25% class 26% Jan 50 61 Sep 76 21 Jun 26% 42% 47 Sep 5% Jan Jan 6% Jun Sep Mar Jan Jun 23 25 43% 42% 43% Jan 20% 21 2,848 2,232 38% 20% • 25% 24% 25% 984 25% 25 25% 525 24% Apr • 2% 2% 2*4 3,385 3 Jan A__* 28 27 28 39 28 3'/2 14 17 3 ' 3 V2 1,411 • 15 V2 15 V2 25 • Canada Cement common $1.30 preferred Canada Northern 5 5 31 31 635 * 25 V2 2814 A Safeway Ltd 4%% pfd Steamship common 100 $1.75 common 43% Sep 21 Aug 22 25% Sep Feb 25% 3% 4% Aug Sep a98 V2 a98 % 1414 15 14 % 190 20 11 240 20% 10% 11% 925 14% 14% 261 98% July 14% Sep 96% Jun 12 Jun 33 Jun 37% 18% Jun 19 9% 13 22 July 23% Feb Aug Jun 14% Jan Jun 17 Jan 40 29 28 29 495 24 Jun 13% 13 13% 150 12 July 16 16 16% 3,674 Jun 17 Va 11% 12 600 11 May 14% Jan 98 96% 98 851 81 Jun 23% 23% 85 20 Feb 30 19 340 14% Jun 25 * preferred Apr Apr 19 18% Coal 37 36% 37 290 31% 18 18% 460 16 Provincial Quebec class 7% ;;r 200 7 41 41 41 125 16% 22% 16% " 23 1,577 22% 23 21% 16% ±* 20 350 35% 13% Jan 37% Apr 21 . Feb 8% Mar 41 96 ' • Rolland Paper _— common : _* . preferred V- Saguenay Power 4%% pfd 25% 6% Jun I 14 v " 10% Mar 11% Feb 16 Jan 17% Jan 125 25 Jun 27 Jan 6% 50 6 67 67 67 25 67 6.75 7.00 6,650 - 102% * • 102% 102% % Jun 9% Aug 52 100% Jan 94 5.90 Feb Jan 7.10 May Jan 103 % Apr 6% 6% 50 4 May 10 20% 20 20% 80 17 May 22% Jan 1 12% 11% 12% 215 9 Jun 14% Jan 21 21 21 Aug 24 Jan 70% Sep 86 Jan 36% Jun 43 % __ Jan St Lawrence Flour Paper Lawrence Mills 2nd 1st preferred * common __ 71 70% 71 199 1 Sicks Breweries 43% 42% 43% 200 * 24% 24% 24% 2,952 22% Jun 25 50 Power 47 47 Apr 47% 490 45% Jun 48% Jan 18 18% 170 15 25 Jan 18 18% 445 15% Mar com * com common • 18% > __ Voting trust certificates Southam Press Co _____* ■ 17% Canada Power— * : 17 % 18 425 __ 20 400 17 1 July 16 20 al7% al7% 17 • __ Southern 30 99 Dreferred 18% May Feb " Sep 18 Feb May 20% Jun . Sep 18% Mar Standard Chemical common Steel Co of Canada common preferred Thrift Stores Tuckett • Ltd Tobacco 8% 9% 17,905 85 85 85% 442 a84% a84% a85 50 14 14 65 161 161 15 6% 1,575 * _ 1% 9% • 25 __—._. __ preferred—100 — 5 Jun 9% Sep 78 % Mar 85% Apr 80 85% Jun 13% Aug 158 Feb 16% Jun Feb 170 Jan Steel Wabasso Walker Corp • Western Grocers Weston 6% 6% * 14% 14% 15 175 14 May • 29'A 29 29% 475 24 Jun Cotton Gooderham Si Worts Ltd (George) class A_ * 33 21% Jan 21% 202 19% Apr 22 11% 1,138 170 70 al5 8 10% !_• 29 Feb 12 170 33 Sep 33 a24 a23 % a24 120 21 Apr 25 Apr 33% 34% 2,322 27 Feb 37 Apr __ 11% Jun 25% 10 Nova 20% 215 19% Mar 20% Jan 24% 24% 410 22% Feb 24% May 29% 29% 29% 50 28% Feb 29% Sep 26 26% 1,410 25 Jun 26% Jan 35% 35% 150 34 Apr 25% 25% a37% a37% 1,100 10 Scotia i Royal 20 24% 10 1 20% __10 — Imperial 26% 10 L 10 Torgntp- __ ' if,—10 : 25% a37% 14% 60 13% Jun 17 11% Feb 14% Jan 14% 50 14% Jan 16 Apr 310 13% 29% 200 24 Jan 29% Sep 20% 358 19 Apr 28% Jan 92 170 85 Jan 92 16% 16% 16 July 2% _• 153/. 15% 50 common 59 109% 109% 2% a51% 10 2% 125 15% 320 a51% a51% • 14% 62 14% 165 15% 17% 108% July 1.75 Jun 13 110 Jun 9% 9% 100 8 30 -IIII50 30% 278 27 43 43 20 42 • Jan Jan A____ 2 % 200 40c 40c 2.000 14 al4 • Brewers & Distillers of Vancouver E>ritish Columbia Packers Ltd cl B Brown Company common 5 16 17% Sep 2 Aug 40c Aug Feb 2% Aug 1.15 Jan 1 13 Jun 6 6 6 100 5 % Mar 6% Jan 2% 2% 2% 1,350 2 May 4 Jan 78 a77 a78 20 71 Jun 103 Jan a2 4 Jan a 1 Preferred 50 100 a 15 Jan Burnett Burns Ltd Co & ._! _.—^ Ltd * class B Ltd 1 10% May 31 Apr Canada 46% Canada Malting Co Ltd Canada Packers Ltd class A Jan & a2 * Co Dominion Sugar — a__ 9 21% 480 47 • * 10 50 20% 21% * 2 al4 10% 47 110 a31% a31% — — 50 al4 10 % 1 10% 5 Aug a.._ — Jun w._ 12% Mar 18% Jun 23 Jan 42% Feb 50 Jan 32% Feb 22 Jan 31% July • 19% 20 952 100 175 175 46 170 Jun 25% 25% Ingersol Rand Co Ltd___ 0 150 64 64 64 24% 95 Jan 81 Jan 25% Apr Canadian Intl July 6% * 100 a3% 3 Jan 4 Jan a3% 45 6% 7% Jun Canadian Marconi May al.50 al.75 300 1.15 Jun al.00 al.00 18 7% ' 6%23 24% 1.730 19% Feb 84 84 15 83% Jan 25 Aug 25 25%. 16% 17 31% 56 "V %:•" 80 1,358 1,450 8 1,144 305 10 18 4% Jun Canadian Pwr & Canadian Silk Products 25% Sep Canadian Vickers Ltd 8% 22 Jan Chateau-Gai 36 Jan Commercial 44 Jun 58 Va 7 Jun 12% Jan 13% May 16% Aug Dominion Feb 110 19 Jun 23 125 22% Jun 29 Jan 18 100 16% Feb 19% Jan 20 11% 11% 100 8% 40% 19 8% 200 6% 250 17 17 100 94 18% Ltd class al.50 com-* A ■> common. a21 a21 % 2 Wines Ltd Alcohols 3 % •• * Ltd of common—* Can Ltd • 94 30 13% Jun 10% Aug 15% Mar 15 Consolidated Paper Corp Ltd Ltd (R L) Engineering Works Donnacona Paper Co Ltd • Feb Eastern Steel Fairchlld Products Aircraft 2% — 15% « 7% • Ltd • Ltd 5 Jan Jan 40 19% Jun 24 Feb 69 75 62 Jun 84 Mar 3% 1,200 3 Aug 4 Apr July Sep a8 10 8 2% 2% 825 2 11% 11% 75 15% 16% 7% v9% 2.P7r! * Jun 9% Jan July 7% Jan Foreign Power 6% Sec Corp • — Jan Aug 19% 15% 22% Jan Halifax Jan Horner Ltd Mar — A ;, ■' 6 Feb 30 42 Feb 48' Jan 14% 14% 200 13% Jun 20% Jan 7% Jan 5 * 25 5 925 5 60c 7% Aug 1.35 1.35 — 35% 35% 50 1.50 1.30 1.55 11,350 1.25 Jun Feb - 31 18% 1,237 13% 905 30 17 Aug 20 33 Feb 41 Jun 10% May Hotel Lakes Paper Co de (Frank LaSalle 40% 41 435 18% 19 930 17 Aug 23% Jan 50% 50% 101% 101% 6% 50 50 Aug 52 % Apr Loblaw Jun 101% Sep Lowney Co Ltd Ltd class A 1.55 Aug Apr 36% July 2% 24 150 20% 20c •300 20c 30 4 Jun 6 Apr 84 84 50 84 Sep 87 Aug 35% 35% 30 35 Jan 9 10 July 8% May 40 9 7 * 9 * — 7 100 7 Jun 8 Jan al5 al5 5 14 Aug 15 May . Jun 26 25c 10% Sep convertible Groceteria Ltd common..* preferred-; Co Feb. Jan a5% 20c a5% * Inc Investment Foundation 100% pfd A__ 10 W) Feb a5 23% * 100 Goodyear Tire & Rubber of Can Ltd—* Great 17% 12% Apr 100 1.35 • com. Insurance Co 15 18% 7 a45 Jan Jan Jun 7 Jan * Ltd red preferred.. 95 13% Feb 6 12 Jun ' Manufacturing Ltd 14% July 91% July al7% al8% 20 2.00 2.00 1.25 Mar a45 Fanny Farmer Candy Shops Inc..____i Fleet Feb 3% a8 : Ltd Ford Motor Co of Canada class A 6 178% 68 • Co Jan 25 14% 12% Inv 19% Mar Aug 700 14% 17% Paper Crain Jan 105 __ Jan 15% July 29 Jun com 1 Sep Jun 19% 11% a Ltd Co 86 19% 14% • Trust 24% .* 18 ; Inv Consolidated Bakeries 105 19% preferred Canadian Western Lumber 31 57 ' 8 395 5 31% 56% Massey-Harrls class Canadian Industries common _II__I_IlOO 42. Ltd Canadian 16% • Millen _* Jan 105 40 & 20 Jan 16% 100 Brand ' pfd Jan 6 % preferred-. Belgium Glove & Hosiery 5 % Bickle Seagrave Ltd! 14 % * Telegraph 16 2% Jan 19% 17 page 16 2% Jan Jan 6% 13% Mar 16%* : Locomotive 48 652 105 "• a5 14 31% IIIIIIIH* II a4% High 18 12% Aug 9% Aug 3% Jun 13% B see a4% 14 56% > 5 3 Molson Breweries Ltd 1,265 Jun 16% • 9% 16% Feb 38% 84 • Oil 750 9% 550 25 MacMillan Export class A— 14% 9% • 3.729 * Secord Low 14 Aug 25 4%% Ltd— Range Since January 1 High 14 18% 24% A»_III_IIIII* preferred Low Ltd__^___5 44% -- A Ltd Steels Alias Co 18% —_ • __ Development Shares 43% ' —25 Ltd Par Anglo-Nfld tor Week Range;; of Prices 14 preferred—. (John Aug 18% 100 (John) Apr 37% 44% £1 __1 Jan 17 Aug common... Jan 16 Mar 43 eommo May 52 % Jun 30 26% Feb Sales Week's Last Sale Price Butterfly Hosiery • common 36% 35% Jan 2% Aug 50% May 14% May Mar 24% Jun Funds Friday STOCKS— Jan 100 29 16% • 105 Montreal Curb Market Jan 92 • Sep Banks— Commerce Aug 20 % IlOO Ltd Jan 34% Jan Jan Jun Jan Aug 13% 14% 50 7% 16% 29% Aug • common 26% Mar 165 33 Jun • common Winnipeg Electric 5% Jan 215 13% —III100 — footnotes, 6 % , 49 1st preferred 2nd preferred 26% Mar 14% • McColl -Prontenac Mitchell (Robt) 140 124 25% 6.75 i., —100 Corp common 11% al6 al6% 25% 100 » 11 al6% * ___. Royalite Oil Ltd St Lawrence 11% > • Knitting Bathurst pr 8c Paper. Co Ltd class B__• common Lang & Sons Ltd ' Sep 17% Feb 13% •> • For Jan Aug —5 Co 122% Jan 21 .100 & Feb 14% 23ZZ ! -15 Montreal Jan 15 al5 11% _• International Nickel of Canada^ Montreal 36% 169 • Products!"I* International Bronze Morgan Jan 11% 23% _*100 ~~~ * Indust Acceptance Corp 4%% preferred 5% Jan 11% %Jun B—"__28 common - Paper Corp Transport Power Regent United Feb 28% Jun 7% • preferred Bros 11% * -25 Lewis 96 Jan 22% Mar 133 Aug 8% Jun 25 _ common convertible 39 98 Canadienne Bridge Laura 42% 38% 19% Aug Wares preferred 433 38% Sep May Jan 12 • _ >n_5 Class Jan 295 • Mailman 22% Mar 39 9% common-.,.:... Bakeries Ltd Jun 9% » Labatt 19 34% July 9% • pfd Inc 1927 Gypsum Lime & Alabastine_ 6% 1,790 36% 24 Goodyear Tire 4% 5% 22% 36% 25 preferred 8% 21% 22 26% preferred preferred 45 Jan 26% Famous Players Canada Corp Foundation Co of Canada Fraser Co common $2 Jan Jun Series A 4% preferred Sherwin Williams of Canada 26% Heating Smith 37 95 Shawinigan Water & July _ Howard 205 Canadian Textile Hamilton 45 • 75 Sep ■> Steel 44 % Apr 96 Feb Apr May Eddy Paper Co class A preferred Electrolux Corp General 45 26% Aug 100 11 8% 20 common Power • preferred ' Montreal 5V2% Jan Jan 28 10 • Gatineau 20% 16% 25% May 130 Dryden Paper General 560 60 150 3 Redeemable preferred Galr Co 26% Jun 208 190 v t c & 26% Jun 11 21 Dominion Tar & Chemical Enamel 26% Jan Jun 26 >/2 26% Jan 130 Bridge preferred 23 23 12% 10% , 20 Dominion Coal 6% 7% 173% Jan 45% 26'A 4,704 • Dominion Aug 18 • 34% Feb 37 • St Feb 168 872 St 130 Distillers 8eagrams Dominion Steel 20 10 75 Jan 20 Railway Glass 1,251 280 30 21% 5 Dominion 23 23 15 5% May 33 May 130 Companies Dairies 22% 23 59% Aug 52% Jan preferred—100 Investment- Consolidated Mining & Smelting Consumers Glass Dominion May 14 Jun 37 • Locomotive Dominion 49 51% 27 25 Canadian Pacific Cockshutt Plow 1,697 Jan 15 4% Jun 27 Jan 25c Oil Feb 58% 23% 52 21% Jun 20 Canadian Ind Alcohol class A Canadian Jan 23 57 % Jun 168 common 140 21'/4 Fairbanks 6% Canadian 104 Jun 16% • Ltd 410 37 • common common Foreign Jun 20 __ ; • Co 25'A • 8eries Canadian 100 5 985 168 com Co & 28 V2 21% • series Canadian 10 21 • Bros 7% $1 19 100 21 Power Corp of Canada 25 1414 50 Celanese Sep Aug 11% Jan Price 28 Ve • — • Breweries Canadian 10% May 22% • 11 • Corp Canadian Car Si Foundry Ciass A River 43 Jan 22% 100 Products — ♦ preferred Bronze • f "V- 39% 40 100 58 common High ; 34% Mar 60 18% __ 21 • Light, Heat & Power Page-Hersey Tubes Jan 17% May 105 20 Power 19 100 0 Ottawa Powell : 455 25 • pfd—L_ Ltd Mills Steel 43 Sep • 2% Aug 24% Feb 2 Jun Building Products class Corp 5% 42% Low 39% __ - —5 preferred 4% 17% ■- Forgings Flour 1% 423 A Canada pfd. Range Since January 1 High 38% —25 Weaving Mines Ontario 275 1,630 • Ltd Car (Wmj Wire Noranda Jan 64 6% Chemical Shares 39 , —. & Steel Ltd Jan 23% 6 National Neilson 61% 64 243 Drug Niagara 56 fVv'v: 23% 42% National Ogilvte May 41 19 Power ; Canadian 466 1,200 if: preferred for Week Low Breweries common.—__ Jan 19 Oil common Class B Canadian 102% 25 Light British Columbia Forest Products British Columbia Power Corp cl Class B 5 -1c 99% July 19 Preferred Canada Jan • — Trac British American Canada 24% • Telephone Brazilian Jun 23% • class Jan 42% 100 Paper Jan 42% 6% • Power 19% 10 40 52 26% 50 Corp Bathurst Brack 50% 25 17% 20% Jun ' ' 28% 50% pfd preferred.. Asbestos Bell Co 4% 39% • High 9% May 16 125 5 a98% a98% _• of Canada Range Since January 1 Low 14% 18% Acadia-Atlantic Sugar class "A" preferred 1% High • 20 common $1.50 preferred 5% LOW A.Par .■ Paper Shares National for Week of Prices Sale Frioe Abltlbl Sales Sales Range of Prices Par Week's Last Week's Last . Sale Price Canadian Funds Friday Monday, September 12, 1949 Ltd -class (Walter M> * • Jan 1 8 Apr 8% Jan a49 1 49 Aug 51% Jan 30 30 25 30 Sep 30 Sep 14% 14% 380 13% Jun 16% Jan a8 14% a8 a49 —50 B Apr ' Volume 170 Number 4837..-. : • & COMMERCIAL THE LISTED CANADIAN RANGE Friday CTnrFC, STOCKS* Range MacLaren Power Maritime .7% Paper Co • & Tel Maxwell Mersey Mica a33 a33 15 32 Aug 39% 18% 18% 55 17% Feb 18 % July 18% 18% 50 17% Jan 18% Sep __ 24% 24% 50 23% Aug 27% Jan conv & Paper Co Power N C Part 1 7% pfd 13% 14 % 1,000 72 72 72 110 10 10 10 25 6% 5% 6% 645 _ a26% a26% —15 6 Jan 8 — Feb 12% 1.10 Jun 22% $1.50 Russell Industries Southern pfd__100 9% 4 II Feb Preferred Jun 7 13 26% Jun Algoma Jun 20 % 80 104 Apr III 30 51 Jun 54 22%? 22% 662 a8% % 20 67c Co Ltd pfd ig 12% Feb igv8 150 15 Jun 44 108 Jun 109 109% * 43c 43c 43c 1,903 41c 30c 30c 900 25c Union Gas Westeel of Canada Products 13% 14 125 39% 393;, 100 Mining Ltd * Ltd Mines Ascot Metals Base Metals Bob's Lake Bonville .1 Gold Mines Mines Gold Bouzan Gold Ltd—__i Mines 18% 113 Jan 46c Central Cortez Cadillac Explorations Cournor Dome East Gold Gold Ltd El-Pcn-Rey 39% 245 35 50% 52 575 40% 26% 26 % 160 25% May 26% July 21c 23c 4,200 12c 25c 25c 2,000 12 %c 13 %c 50% 25 pfd. 2 %c Aug 54c Aug 25c _• Oil 65c 47,400 3c Formaque Gold Mines Ltd Mines Cons Gold Mines Ltd Hudson-Rand Gold Mines Ltd Lake Mines Joliet-Quebec Mines Kerr-Addison Gold 3c Jan 4c for 500 3c Jan 5c 7c 7i/aC 2,000 5c Mar 25c Labrador Mining Lake Dufault Lake Rowan Lake Shore Lingside Mines Gold Louvicourt Ltd 26,500 5C 7c 1,000 65c 5d~ Jun 6c 5,000 12%cl2%c 4c 3%c Jan 39c Corp 5 7c May common.. 11 %c July 37 %c 16c 3%c Mar 7%c Mines New Goldvue New Jason 59c 6 6% Normetal O'Brien Osisko Mining Gold Mines Gold Aumaque Lake Pandora Pitt Mines Cadallic Gold 59c - Co May Quebec Yellowknife Gold 13c 12c 14c 13,020 9c Mines Bankfield Consolidated 9% 9% 880 22 %c 9% 15c 25c 11,000 7%c 7%c 20c 66c July Ease 12% 3c 3c 50c 3c - 54c al7% al7% __ -1 34c Santiago Ltd Mines Ltd Siscoe Gold Bidgood Klrkland Gold. 33c Stadacona Sullivan Teck 35 14% Sep 16 Mar 18 17 Jun 23 Jan 42% 43% 9,516 387/a Feb 43% Sep 16% Jun 18 Jan 18 18 18 100 8% 7 8% 1,250 28c 200 72c Jun 7c 1,788 $VstC Jan 10c Jan 15% 3,000 3c Jun 8%c 8c May 45c Jan 41c 9,200 2,000 64 64 100 11 400 Mines Ltd- Jun 31c Jun 75c 3.70 1.05 1.05 300 75c July 5%c 100 4c Mar 8c 5c 2,300 4c Jun 9c 35c 35c 800 35c Sep 35c 28c 4,700 17c Jun 67c 4c 17,500 2c July 8c Jan 3%c 4c 4c 6%c 1,500 35c 600 3.35 64,722 a25ca25%c 200 61c 49c 49c 1.85 1.75 1.80 3.20 3.20 1.10 ' 94c' 144,700 Ltd— Mines Feb Feb 1.25 May 3.35 25c May 42c Mar 94c 3,000 3,200 1,401 1.35 Apr 1.30 May 3.20 100 2.90 Jun Jun 63c : 3,600 74c Jun 8c Aug 42c May 1.28 4.45 108,100 4.00 3.40 4.05 21,700 5.30 100 5.15 Aug 6.10 2%c 2%c 2%c 12,100 2c Jun 6%c 8c 113,500 3c Feb 10c A 2nd Homestead Cons Oils Delcalta Oil Ltd tf _ <= 1,300 2.90 Jun 5.80 1;—' 3.70 5.80 200 3.85 Jun 6c - 3.60 7c 2,000 5c Jun 15c 15 %c * Ltd- Ltd—_ Co 3.60 — 2,000 10c Jun preferred. Class Home V "A" Oil - — % i Pacalta Okalta Oils Omnitrans Pan • Ltd Ltd Oils Brazeau For Co « Ltd _ . see • •; 6c * Ltd __ Petroleums footnotes 1.60 90c Exploration Western South Oils Ltd.. nage 42. « 14c 17% Jun 3%c 4c r 3c 1,000 ; Mar 25% Sep — 24 Jun 25% Jan 57% 875/a 70 86 July 90% Jan 20 97 May 101% Jan 3 Jan 7 July 100 100 100% 2% 2% 2% Aug 1,450 30 6 % 6% 6% 28 27% 28% 1,040 25 Jun 28 % Sep 3% 3% 3,175 2 Jun 3% Sep 5% May 18c May 37c Jun 53c Sep 18c 19c 10,600 10c Jun 24c Jan 2.10 2.30 2,800 11 %c 11 %c 500 6%c 6%c 7c 1.60 31 13% 5c 25 25 10 7% 7% 7% 230 16 16 250 5.70 5.70 5.90); 2,610 May 9%c Jan 33 Jan 14% Jan 29% 6% 16 ■- 3.75 3,000 4%c 1,200 30c —1 3.00 3.10 1,100 3% 150 7%c 2.70 Aug 8% Jan Sep 17% Jan Jun 6.60 Jan Jun 9%c Aug 64c Jan Jun 94 95 118 84 Aug 95 Sep 42 42 42 30 40 Aug 53 Jan 25% 25% 115 22 Jun 28 28 215 27 Jun 30 Feb 47 47 125 43 Jun 50 Jan 10% 11 550 Jun 11 Sep 32 32 175 29 Jun 33% Jan 17 Sep • 20 Canada —* * Malting Northern Packers B Power class 28 11 0 A a —— a Canada SS Lines common Canadian Bank of Commerce 8% 1.65 26% .. Jan 17 16 17 690 14% July 14% 14% 14% 432 12 Jun 14% Wire Sep 28 28 35 24% Jaq 31 Aug a Cable class B & a Bakeries • 88c Mar Apr 2,995 8.50 Jun 13% Jan 6,000 8c Jun J4r Canadian — Conv • •' 8 Jun 6% 325 5% 24% 24% 24% 1,225 22% Feb 24% May 21% 21% 21% 1,785 19 Jun 22 __ 10 6% Apr 2.00 May 90c 1.60 Sep 94 Canadian Feb 10c 3% 3% —50 com. Feb Sep Sep 3.75 Mar Jan 2% July .100 Bread pfd preferred Jan 75c 72c Jan Jun 3% 6.60 89 %c 2,000 Jan Feb 24 160 25 May 27 50 13 20c Jun Feb 12% July 4,500 31 -- 3.05 Jun 8c 35c 32c 1,000 11 7%c May Jun 22 590 30c • 12c 6,200 75c Jan Aug 1,500 - Canada 76c 10% 21 1,438 7%c Aug preferred 167/B 17 290 13% Jun 18 Jan 16% 16% 16% 270 13% Jun 18 July • common 17 a Canners Canadian Car common 11 11 11% 925 9% Jun 14% Jan 14% 14% 14% 215 Jun 17 Jan 21% 22% 490 19 Jun 22 % 21 21 25 20 Aug 22 • Jau Class A New 1,545 7%C Flon Fiin Jan 1.32 72c 10% . 21 20 7/8 1.25 Jan 76c 10c • Ltd Co : Aug 68,900 • 6.30 1.25 1.27 « Ltd Petroleums General 35c 25% 4 Edmonton—" & Canadian Breweries 1 Gaspe Oil Ventures Ltd 1,6.00 34 %c Class Anglo-Canadian Oil Co Ltd Calgary & Edmonton Corp 40c ...1 Canada I • 35c 53c « Preferred Jan Oil 8tocks— <• Jan 22c 27 %c 4 A— class Canada 4%c Jan 7c cla6S Canada Cement common Jan 1 Aug B Jan 1 Apr 10 % 4%% Sep 63c 45c 25% • Linen Canada Jan 1.25 May 45c 5%c Sep 8.25 Mar Campbell Red Lake- 1.34 May 73c Jun 25c 1,031 44c __4 Steel Co Callinan 3.45 Aug 10,000 2c 1,583 Calmont Oils Sep Jan 1.14 & Calgary Jan 1.90 1.90 6,500 22c -.1 Lake— Products Caldwell Sep 49c 4c 28c 24% — Burrard Jan 1.90 41c Burns Sep Apr July 25% 2.20 Red Burlington Sep 20c 4c • Canadian Building Jan 4o 19c May 19c Buffalo Jan 37c May 8c 51c Buffalo Ankerite Jan .. 1.57 11c 2%c July • Porcupine Buffalo 14c 48c \ Jun 11c 12%c 5.30 Ltd Mines July 1.80 63c —„ 1.12 Sep Sep May -1 Oil- Dominion ulan Buffadlson Gold Jan 4c fiftc Jun 1,000 3.05 12c 7c 16% Mar 7c 85c 1, 3c 41c 3.25 1 3c May 11% Jun 1.22 1.10 Mines Ltd—i 50 1,000 41c __ 1 1,500 4c 1.20 „ 41c 1 mU al6% al6% 4c British 25c 3% 4 Class B Jan 3c * Sep 22c 3c • Ltd— 100 •54 9.85 3c 2% Jan __ 12 4 25 % 100 4%% 1.15 Aug 25c Jun Jun 25c • May 5c 9% Sep 9.50 4c' 1 1.95 Jan 1 1 Malartic Westville 1.45 Jun Jan Jan 46 1,000 — Mar 5%c __ __ " Vinray 1.72 'Feb 16c 19% 10%c Mar 3,000 21 Jan 2,000 33c 15% 17,100 3c 16c 9.60 A Feb Jun 800 1.90 a25%c class -25 18c 2.50 „ Millen & 37c 34c 15 %c 1 » Aug 51c May 3%c May 10 3c 4 Pershing 5,200 ..v 37c „1 12% Jan 500 1.87 1 Ltd Ventures 64 Jun 2.500 2.40 „ Boycon Jan Jan ; 50 51 16c 15 %c -1 2.90 Aug 65c 1.88 Ltd Upper Canada 8.50 Jan 22c 2.40 1 - Asbestos Corp Ltd_; United 51 70c May 64c „ Ltd Mines Trebor 2.12 22c __ 1 : Mines Mines 19c 12 14 %c 14 %c -1 . Gold Boymar Brand 11 __ Bonville Bordulac Jan 11,200 1 Mines Bonetal Gold Jan 5c 2.80 12 51 Jan 1.40 17c 38c __ 1 11% 6.25 5c 2.80 1 Ltd (1944) 750 Jun 100 7% Mar Feb 18c 8,500 15% 5 ■ Aug 15% 2.85 1,000 5%c 15% 4 Bobjo Apr 200 28c 5c 5c Aug 76c Jan 11,200 19 o 18% Aug 4.15 15 40c 1 Mines Ltd Iron Cons Hughes Gold Torbrit • Mines Rock Steep 55c Feb 65c 35c 14% 18% 43% —1 4%c Mar Jun 14% 15c „ 17c 50c Sladen-Malartic Mines Ltd . 2%c Jun 26c 7c 15% .1 ___ Mines Ltd Mines 25 76c __ 50c —. Sheep Creek Gold Mines Ltd Sherritt-Gordon , Apr , 14% -.1 Apr 4.10 76c * Senator-Rouyn 500 4,700 ... 36% 395 18% -25 Jan 23e Feb 34% July Jun » Mar July Jan 20c Mining. Metals 10c 4c Jan 26% 1.06 May a 8.75 May Jan 11c Jun 37% Mar « 9%c 27c Jun 25 Jan Jan 617 Jun 4%c 800 Sep July 6,500 14c 1,500 35 % 78c 16,291 2,000 8c 65c 24 %c 8c 20c 26% 95 Jun 22c Feb 4.00 Aug 27,800 Aug 10% 38c Jun 77c 19c 6c May 3.00 37% 42c 10 10r. 36% 1,000 13%c Jan 36 25,800 „ ITVaC 65c 75c 8c 20c Jun 37% 19%cl9%c __ 6c 36 Jan 69%c Sep 3,000' 70c 3.45 Jun 25c 37% * 1.65 2.70 Jan Jun 10 Ltd Co 3,300 2.60 12% 8c 10 Barymin 0 2.70 Apr 9% Aug ' Jan 18c 26 26% a 62c May 13 % y%c Jan 7%c 1 -10 Feb Ltd—1 Ltd Jan May 14%c Jan May 1,533 Jan * Mines Jan 10% May 4,800 25c Red Gold 8c 6% 30c Jun 17c 16%c Quemont Mining Corp Ltd Crest Aug Jun Jan 3c 3.70 Jun ' . 5% 8c 60 1 Bagamac Mines 20% Aug Jan 1 Ltd Jan 15c Jun 9,000 16c Jun 1 Co Quebec Manganese Mines Ltd 7%c May 5c 3,5(50 3.50 6c 1 Quebec Gold Mining Corp Quebec Labrador Develop • 3c ' 4c 16c 16c 1 Mines Ltd Aug 12 3.60 39c 1 Ltd Jan 70c 12 1 1,000 • Ltd Gold Mining 5.30 10% Feb 3%c 1 Gold 3,000 1 Ltd Jan Jun 8.65 Mar 1,350 7%c 2,650 * Ltd 2.85 22 %c 17,800 12c 13 %c 12c . 18c 1 Corp Mines 6 % 22c 23 %c 22 %c 1 11c 5 Ltd 43,700 4,500 18c .1 Ltd 305 45c 11,000 10c 1 Mines 14,665 9.35 12c 18c Ltd Mines 3.75 4%c 10%c l Mclntyre-Porcupine Mines Ltd Mining Corp of Canada Ltd Jan 4c • Yellowknife Sep 15% Fields Ltd Malartic Gold Jan 68c 10c _1 Apr 30c 10c 1,650 59c (1937) Jan 5,900 1 Mines Aubelle Feb 3%c Sep 16,500 1 Ltd Jan 20c Jun 4c -1 Atlas Steels Mar 1,000 13,200 5c 1 Ltd 38c Jun Jan 4%c 30c 1 Ltd Mines Goldfields Macdonald Ltd Sep 9c 16c 10c • _1 Athona Jan 13c July 20% 1 Mines Jan Aug 25c 9%c May I 7c 25c 1 & Explor Co Ltd Mines (1945) May 1,500 _* .10 Feb 4%c _] Ltd 61% Jun Jan Jan 56 May 19,200 Mar Jun July 19% l Ltd 9% Jun 4) Armistice Feb 4C 20 %c 20 l Mines Jan 7"% 3%c 29c 5 Ltd 103 Ltd— (1 — Jack July 99 Consolidated lor Sep 2,000 9%c 12%c __ 1 Hollinger Jan 29c _1 Feb 60%c 3c 4%c 1 i. 25 35c . Jan 4c II 1 1 Ltd Jun 9.20 3.55 39c May Aunor 1 ___. Jan 19% 3.50 28c 1 Ltd Jan 20% 28c 12 % c 0 Ltd Mines Ltd Mines 38% Arjon Gold .Tun 1 Ltd Mines 125 Apex Consol Resources Aug 100 l . Mines Gold l^c * Mines Sullivan Eldona 40 11,500 * _l Ltd 9 Mines Ansley Mines May 15 % Feb 5c _ Ltd—1 Donalda Mines Ltd Duvay Jan 33c 7c .* Mining Co Ltd Mines Dulama 65c July 9 35% 4C l0c 1 Mines 8% _• Rouyn Atlas ' Consolidated Astoria Mines Ltd_^_._ 20 Lead Ansley Gold Mar 33c __ • Ltd 100 17 Jun " Canadian Anglo Apr gc _.l i Mines —100 _100 Yehowsnife Anglo Jan 4%c X Ltd /•;, Gold 59c 60%c 33c Century Mining Corp Ltd—. Coiisoi 60c 1 Mines Ltd.. A > 6,000 > Ltd.,. Ltd Candego Gold Mines f Centremaoue 27c 340 9% May 16 * _i Mining Corp Bouscadillac 20c <■ Corp Gold 27c 22 Nepheline— Argus • Ltd 20% • American Stocks— Anacon Lead Mines Arno 13% <■ ■ Canada of Exchanged __ — Anglo-Huronian 103 • 1,750 • American Jan 8% Mar 100 Trans-Television 545 18% Jun 10% High 14% 18% Jan 24 Low 14% 18% * Co. Range Since January I High 14% 21c Feb a8% __ Low • Ltd Aluminum Mar 52% Shares 2q Steel Jun 110 for Week Par Paper common ________—; Aluminium Mar 26% 15 Sales Range *f Prices a July 15% * Pr Invest 22% « Ltd Canada Southmont red ' preferred Anacon Quebec Pulp & Paper 7% Quebec Tel Corp class A & Acadia-Atlantic class A Jan 52% 52% Power Jan 73 % Week's Last I;!'V. Jan Mar 65 Exchange Panda Sale Frle* May 109 50 STOCKS— a 50 let pfd__100 preferred Friday Jan Abltlbl 50c 13% 20 Ltd.; , a— 5,100 * ! 2nd 1.00 • « Ltd Corp of Canada 6% 6% goc T 100 ■ 5 J. Ltd Manuiacturing 7y a33 • I* Ltd Service Stores 71/ a33 _ 10 Ontario Crush 71^ ...I*1 „„ Enterprises Orange Paton pfd.20 Ltd Corooration Nuclear __ <■ Canada Minnesota Moore Canadian 18% Co Ltd 6%T* Paper Co Ltd Toronto Slock High 18% Ltd of Low common__10 Co MARKETS Range Since January 1% I ; High .10 Teleg preferred Massey-Harris Paul & Share* Low (1015) SEPTEMBER «) for Week of Prices Par WEEK ENDED FOR CHRONICLE Sales Week's Last Sale Price FINANCIAL ' 300 1.20 Feb 2.60 Apr 6,500 3%c Jun 6c Jan 9%c May 25c Apr 22c Jan 47/aC 7c 17c 17c 500 13 %C 14c 2,000 10 %c Jun Canadian New 20 — Celanese preferred Canadian Food Preferred • common — Products class A— _ - -- — a 10% 10% 10% 150 -100 65 65 65 25 13 8% 65 Jan Mar Jun 13% Jan Sep 77 Feb 39 40 THE (1016) COMMERCIAL Friday Week's Last STOCKS— Par Canadian Indus "A" Alco voting Canadian 5% • Malartic Canadian Oils Cos Cariboo Gold 225 69c 74 %c 15% 13 .1 15% 13% . Gunnar Feb Gwillim Gypsum Jan Jun 11% Jun 1.15 100 1.75 1.70 1.75 2,200 74c 71c 79c 5,500 92 %c 92 %c 1.11 21c 20c 21 %c 1.05 Sep 15% 101 17 % 1 Central Leduc • Central Patricia Oil Gold Mines Central Porcupine Chemical Research 50c Cheskirk Mines Citralam 1.50 Jan Jun 1.75 Sep 56c May 1.65 16,600 65c May 10,150 14c Jun Coin 1.40 Coniaurum 2%c 4%c 88,500 2.66 2.75 1,500 12 Hamilton 1.45 32c Jan July Hard Rock 12 352 May 98c 10c Jan Hasaga Feb Hedley Jun 2%c 2.00 11 Jan May 2.85 5%c Jan 2.98 Aug Heva Jan 30c Apr Bellinger July 7c Feb Homer 1.10 1.12 1.25 Aug 85C 3,000 28,100 Jun 15c Sep 20c Sep 9%C May 1,300 . 19c Beattle • Bakeries Consolidated 11% —; 2 Mines 11% 95 60c 62c 13,856 61c 6c 6%C 8,000 6c Jun 14% 14% 14% ^290 2%c 2%C 500 4.25 4.25 335 9% 110 23c 12,700 Mines Central Consolidated Duquesne Consolidated Homestead Oil Cadillac- 1 38c 7% 40c jun Jun 11% 70c Lebel Consolidated Mining & Smelting.. —8 Sep 4%c 4,000 57c 82c 20,634 7,700 42c Apr 82c Sep 6%c 5%c Jun 12c 7c . 7c 1,500 97 %c 96 %c 98c 555 156 154% 156 135 —100 — Corr ♦ Exploration Sep 18%c,Aug 5c July 17%c Feb Jun 123 148% Mar 156 Sep Hosco —100 100 100 100 10 27c 24c 27c 13,700 10c Jun 27c Sep 56c 56c 3,600 40c Feb 65c May 50 50% 35 —1 .... Coal Nest 50 Leather Decalta Oils Consol Gold Hoyle Hugh — Huron Erie common & Oil 76c 4,340 100 Jun Aug 45% Mar 100 52 4% — preferred Indian Lake 10% 1,975 5'Ac 1,100 13 %c 16c 71,100 30% 300 34c 35c 11,750 30c 8.75 May 4c Jun ll%c Feb 13 %c July 28 Mar 32c Feb 30% Sep 38c Apr 27c Jun 43% 44% 1,000 23 %c Jun 39c Jan 861 38% Jun 57 Jan 2c Jun 2%c 4%c 70,500 114 114 7 110 6c Jan Jun 117 Jan 29% 30 240 27'A Feb 30 18'A 18% Aug 5,353 16'/a Feb 19% Jan 14 1,047 13% Mar 14 Va Jan 6% 6% 205 6'/2 Jan 25% 25% 7% Apr 65 24% Jan 25% Aug May 7%c Jan 1 14 13% 6% 5c 23% 44c 4'/2C 23 % 5C 23% 39 %c 48c 3,100 3c 230 20% Mar 23% Sep 30c Jun 54c Jan 16 15,700 Aug Aug Jan Bronze preferred 20 Aug 23 Jun 33c Feb 25 Milling preferred Mining 17 17 17 25 20c 5u0 20 Feb Feb 10c 20 % 20% 60 15c 15c 16c 11,600 1.7 6 1.65 1.75 1.4U0 1.20 Jan 1. /6 Coal International & Coke— class 1 A—. - 7c 4,600 5c Jun 15c Jan International Nickel 37c 1,500 27c May 46c Mar International _100 25c 28c 19,800 20c Jun 18% 19 300 14% Jun 20 19% 20 % 3,775 15 % Jan in 26% 26% 26% 35 19% 19% 19% Aug 20% Aug Coal Apr 22 22% Jun 27 % 10 10 10% 500 Jun 14%, Jan 16% 16% 16% 665 13% 28 28% 420 11% 11% 555 Invest common-—_1 Steel 18% 180 11% Scottish Feb 5 25 • B 25 — common > 4 63 4 8 3% Jun 50 • Co common- • Jacknife III1 • 11% 5 Mar Jan Jack Waite Mining Joburke Gold Joliet 11939) 1 56c • ■ Ltd 17c Feb 28% Aug Jun 12 40,400 35c May 4,000 15c Jun 18c 110% Feb 21 100 31% 31 % 31% 1,548 29 Jun 7% 7% 7% 560 7 Jun 21c 21c 25%C . 4.75 Sep 17,800 4.75 297,200 36 Sep Jan 13 3%c May Jan 52c 20 %c Aug 6%c 13c 15c 15c 15c 500 6c 8c 1,050 1 13% 22c 22c 24c 14,200 1 Kayrand Mining Kelore 10% 55c 61 %c 17 %c 99% Mar 101 4.75 lie 52c 50c 53c 28,700 —1 May - Ken-Addison Kirkland 1 Golden Gate. 6c 6c 2,920 10c 12c 33,250 52 Mines 6c 12c Kelvinator 21% 11% May Jan Jan 101 1 Quebec Mines Jan 17% 300 33c 25% 4.75 — 1 _ Mines Jan Jun 11% 20c 21% July b • Gold 32 32 85 17% Jan 9c 13c 1 17% 19c Jan 8c Aug 15%cMar 26c 4%c 7c 26 27c Jun Jun 55c Jun Aug 14c July FeD Kirkland Lake 25c Feb Kirkland Townsite 1 Jan Sep 4%c 17% 5%c 4,090 5c 9,500 3c Jun 10c Jan 81c 8 4c 6,800 41c Jan 95c Apr 81c 20c 6,800 3,000 19% 175 1 10 %c 10c 11c 19,500 5c Jun 1 15c 10c 16c 63,500 7c Jun 6c 6c 6c 2,000 5c July East Malartlc Mines 2.56 2.50 2.66 12,150 1.83 May 2.70 East Sullivan Mines————. 14% Jan 18% Aug 2.60 2.75 22,600 1.62 Jun 3.45 Feb 5 5 30 4% AUg 7% Feb — 81c 18c — 19% 19% 1.19 11c 19 Jun 1.67 Jan 22c Aug 23% May Aug Jan Apr 2.75 81c 1 * Jan 23c 32% Feb Jan 65 %c Sep July 4%c Mar 81c 1 Kirkland-Hudson . 23% 26% Aug 24% 19% 24 25 23% 32 %c Aug 28 Va Dominion dominion — 101 1 Petroleum 19 Steel—— 23% - 6%c 27c 20c <■ Aug 'Joe — .1 Magnesium Duvay Gold MinesEast Amphl 5,500 18% * common Metals — _ . 171,500 * 5c 1 * Industrial Acceptance Inspiration Mining International — Mines 60c 10%cl2%c 63,200 Aug International _ Mines Jan 14c 10 25 Jan Dominion Gold 12% Jun 29% £1 — Jan Dairies Donalda Sep Imperial Tobacco of Canada ordlnary~5 15c Foundry Dulama 12 %c Mar 9% * 43c Dominion Woollens Jan Mar 15c 10 —f— Jun Dominion Dominion Sep 65c 6c 11c 100 Bank Imperial Jellicoe Dominion Stores 14c 50c May July 4c International Uranium Dominion Textile Feb 6c 44% ; Jun 1 class Jan 59c - 16c 1 & 83c Jun 30c Bay Mining & Smelting Malartic 5%C Lake— & Jun 21c Mining 8,500 Lake pfd 35c 1,000 35c — 3,000 — Dominion Bank 4,811 30 23c • _ 53c 14 %c Mines 8%c A Yellowknife 50c 5%c 22c Detta Red Discovery Jan 10% —, 8%c Ltd Distillers Seagrams Dome Mines Ltd-- 10c 60c 3%c 1 Red Jan July 12c 22 %c Delnlte Mines Dexter Sep 12 5c 14c 1 class 325 4,811 23c 23 %c International Davis 35c 10 53c ~ —* D'Aragon Mines Petroleum Jan 10% May 9% —— International Davies Jun 25 %c Howard Smith Paper com„ Jan 1.22 Pershing Crow's 1.45 1.16 Mining—...^—_— —1 Croinor 8 Jan 81 1.17 Paper Box preferred Cournor 4.50 3.50 Mar Jan 50c Yellowknife Preferred Conwest Jan 3c Jan Oro Consumers Gas 17 9% . Imperial Consolidated Apr Aug 5%c 82 c — l%c 17%c Mar Jun Fen 4c 4c • 14 Jan 27c Hudson Consolidated — — Highridge Mining Howey Gold Consolidated Jan 9% Gold Highland-Bell iC 14c 25c Gold Jan 17C 15c Jun — 14% 2,500 11 %c 16c Gold Mines 2,035 15c 4,700 Alabastine. & Gold 24c 1.10 Jan 23c Mascot 4%c 11%C 05c 21c Mar May 1.95 Aug 23c — Aug 23c Carpets 4%c Ansley Mines be Bridge Harding 23c * Mines Consolidated Astoria 29,950 Gold 4%C I — — Consolidated 9,598 2.68 Yellowknlle May 80c 9%c . 4c 6,500 2.26 ...... High 45c 7%c — Lime Halliwell 41C 4.200 6c 2.18 4c i.^.—— Plow Lake Colomac 58c 5%c 1 — Wlllans Cochenour 55c £ 3,500 7%c Jan 2.18 Malartic Cccxshutt 56c 1 Mines Low 55c Jan Harricana Chestervllle Range Since January 1 High. 53c Mines Hallnor Mines Castle-Trethewey Low Lake Feb 12% 97% Shares 53c Gold 118 1.15 — Jan 250 1 . 79c 3,462 16 % -i - Jan Jan Lead for Week 6c 11% 36% Jun t)5C Jun Hull Sales Range of Prices Par Mines Guayana Jun 8% 24 4.3U0 100% 100'/2 2? Railway. 260 29 13% 100 Pacific Last High 9% Week's Friday Sale Price Range Since High 28'% 70c • common preferred Canadian 29 - STOCKS— Shares 9% • Canadian" Locomotive MARKETS WEEK ENDED SEPTEMBER [) for Week Low ♦ Monday, September 12, 1949 Sales Range of Prices Sale Frlce FOR CHRONICLE FINANCIAL LISTED CANADIAN RANGE & East Crest „ —. Oil 17c Jan 16c Sep 10%C Jan Labrador Mining & Exploration.. Laguerre Laxe Eastern -I-:,—w-—_ Steel Dufault Mines Easy Washing Machine Economic new 25 Eddy Paper class A 42 20 30c Jun 48c Aug La Jun 77c Jan Lamaque 18c 18C 19'/a C 17 %C Aug 4c Jun 25c Jan 40c Co Gold com — y 37 Jan Lexindin 106 108 % 7c 7%c 9% 1.30 1.55 9c 8y2 May Jun 1,300 1.30 Sep 4 4 100 23% 24 441 20 y2 Jun 29 125 25 Feb 9c 9c 4 2,000 2.15 2.30 3,656 16% 16% 140 109 % 109 % 16% * , 6.80 1 _ 10 1 9c 60c 4.50 • 1 49c Sep 7c May 1.75 Jun Jan 7% Laura 1 1 116 Jan Loblaw 9%c Sep 10 9c 2% 6'A 26 A : 16 page 42. 64c Jan Jan 12c Feb 15% 15 15% 1,625 10% Jan 15% Aug 41c 46c 5,100 34c Jan 53c 2.69 2.71 1,410 6.90 6.90 250 4c 4c 1.000 5%c May 1.76 29 Aug 2.85 Aug 5.80 Mar 7.00 Aug 13 4.75 Jun Jan 5%c Mar 12c 28,500 2%c July 6%c Aug 14% 14% 14% 35 13 Jun 65c 63c 65c 1,800 53c Jun 1.15 1.22 16,000 95c 6c 3,000 2,000 4 Vic 7c 7c Gold ————1 Yellowknife Mines 1 I" 1 River 16 % Aug 7.05 Aug 11c Apr 29c Jun 56c Jan Jun 19 %c Feb 9c Jun 1,000 3c July 7,500 5c Jun 2,200 6c 1,000 83 84 30 1.55 Jun 16c 1 MacLeod-Cockshutt MacMillan Red Magnet Maple 52 70 Mines Lake Gold Mines Consol Maiartic Maple Gold Export class A Gold 9% 19 19 100 10% 11 475 35% 35 % 100 215 1.08 Jan 29 30 335 27 Jun 31 % Jan 29% 30 495 27% Jun 30 Sep 15c > 17c 16,700 8c Jun 45c Jan 23c 20c 24c 10,000 10%c Jan 24c Aug 13c 13 %c 11,000 8c Jun 16c 12c Feb Jan 2.40 2.58 40c 38c 48c 9,650 21c May 74c Jan 6%c 6'Ac 7c 2,000 5c Jun 13 %c Jan 34c Jan 2.45 1 4,750 1.90 Jun 1 2.95 15c 2.70 Jun 68,650 77c Jun 8% 205 8 Jun 2.95 3.00 3,840 common Preferred 1 McColl-Frontenac common 24c 27c 1.500 2.75 2.85 11,250 2.02 13% 13% 9% 13% 9% 5 10% 625 2,495 • 18% • Apr 13 17% 18% 24% 20 24% 50 12% 13% 1,365 5%c Feb McDougall-Segur Mclntyre Porcupine 5 64% 64 64 % 431 9c Jan McKenzie 1 50c 50c 53c 5,830 12c 1 020 10c 1,600 Red 3.15 Aug Jun 12%c Feb McWatters 80 Sep 103 Jan Mercury 50% Apr 53 * 10c 10 %c 10c 1.000 16c 8 Sep Jan 3.15 Aug Jun 30c Jan 2.95 Aug Jan Jan 15% Jan May ll'/4 Jan Jun 22% 23 July 27% Feb \ 10'/a Jun 15 % Jan 15% Jan Aug 17 %c 50% Jan 66% Aug 30c Jun 61c Aug 8c May 21 %c 8c Jun 6%i Jun 9c Feb Jan 4%c Lake 1.79 10 2.40 Jan 24c 2.75 Milling Massey-Harrls 5,000 1.65 8% -1 Leaf Gardens—. Leaf 16c 17%c 1.50 16c 1.51 * Feb Lake Gold Mills ■ .1 • 9% Aug 19 9% 34 10% Jan Sep 22 16 40 Apr • Corp • Jan July Brick Mining 12c 10c 6% 6% 1.30 1.30 500 100 95c July 112c 1 Jan Jan 7% Jan 1.55 Jan Feb Jun '■■■';■ 10c * Milton 9% 19 10% May _1 Fields McMarmac Red 51% 55c 13c Goldfields Lake 14c * 6c 10,075 30 A Mines 3%c July 32,000 2,500 77c 17c class —. Red 74yac Jan 52c 6'Ac 71c 77c MacDonald Aug 12c Jan 1.25 Aug May Sep .... Macfie May 18c 15% Mar -86c 30 — Feb July 12c Jan 2,000 5c Jan 2c 45c Jan 6%C 4c Sep 17% Feb Jun 5%c July 6%c 2.90 110% May 2V2 Aug 1.55 3c 4c lie 8c 1.85 35% Jun 1.21 B Lynx 40c 6c * 2.00 6%c * Groceterias Class Lunward 1,900 1.80 « see Jun 6c -3 Gold Feb 8,350 ■ A 30c _1 Long Lac Apr July 1,500 * common 3%c Aug 1,000 Jan 3c 4%c 7c 50 class 3,000 6,300 8c Jan 52c • B 4'c 48c _* Mines Gold Little 2%c * common 4c -i- Secord Jan 108% July 750 16 %c 12c 1 — Sep Jan Jan 50c 3c 1 - footnotes 4c 195 Porcupine Preferred May 98% July 50 5,433 Gold Paper 5 15 - 6.90 Gold Lakes May 3.10 Jun 19,000 15% Preferred For 2.20 I Mackay 30% Aug 6.65 Arrow Class Leitch 27c Macassa ; 1 Mnnitou Great Jan 15% ——_ 1.45 8c _1 Mines "U" Madsen Eagle Mines Gordon 16 2% ; Goodyear Tire Jun 2% Oil Goldhawk 13 % 2% —— Lake Golden 230 common——— Wares Golden 1,610 28% 23% _100 Mines 9,048 Larder Louvlcourt 1.55 e —. — 5%c 46c 4c • Gold Macho ... Yellowknife Gold Mines Lake 40c 3.95 100 • preferred God's '40c 125 • . Jun May 11% Mar 9% , Goldale Sep 5% 7%c Gold Gold 1 Lapa Cadillac Lapaska 35% *' Exploration Steel 20% Mar 5% 108% . Froblshar Power Jun 10% 14 — A Bakeries 19% 25 13% • s Francoeur 5 '/a % 25 10 % 35% -———_* Gatineau 19% 10% 14 common-———„ class 19Va 35 % 1 Manufacturing Motor 11,431 1,800 1 Kirkland Fleury-Eissell 8%C • 100 common 65c -- Leduc-West common Fibre Products 2%c 3,000 46c . ; Mines 3.70 1 Grain Luz 8%C — Preferred 6,000 81c 6.50 Jan July 12c Players : Fanny Farmer Candy Shops— Goldcrest Lake 41c Falconbridge Nickel Globe Jan 5,138 Famous Glenora 17 223,505 Eureka Corp Gillies 13% July 75c , Giant 115 45c Empire Brass class A.,—J—19% Equitable Life Insurance— —25 >-:• General Apr Lake 5%c 77 %c 2.85 May 5% Aug 64c 1 General 43 70c __ l Foundation Jan 14% Sol Gold Ford July 38 44c Pen-Rey Mines Fleet Mining- 5 100 14% El Federal Mines- Wasa 115 42 45c El Federal — 2,425 2.70 Shore 5% 42 4.20 45c Lingman _l Gold -1 Rowan 1 Elder Mines Eldona Lake 5% — invest 1 Si Lake , 4.00 4c . Gold 11 11 art, Montreal Locomotive 11% 2,130 37c oib 18% 18% 8.25 150 Jun 12 Jan Jun 60c Jan 23 % Jan 17% Aug Volume 170 Number 4837 THE COMMERCIAL & CANADIAN RANGE Friday STOCKS— Week's Last Range Par Moore Corp Mosher Long Mylamaque National « common III Lac Drug ...5 Grocers common—.. National Petroleum National Sewer National 8c 8 : ■V 8 7" _# Low 4,ooo 7%c 11 13 = 13Vic Sep 12c Jan Shauco Mining Silknit Ltd common 8 Sep Silver May 5'Ac 6 Sigma , 30 10 Mar 11% July 100 • 12 July 14 (Quebec Miller Bilverwood Dairies 37c 35 Vic 37c Steel class 2,500 —* A_ 28'/2 28 % 28 % 35 Car New Calumet Mines Jun 23% Jan Siscoe 2.63 Apr Sladen 9c Feb 9'Ac 9'Ac 10c 4,266 6%c 4c 4c 1,500 3c 1.20 16% Jun July 1.25 1.37 12,600 84c Jun 22c 24c 5,000 20c Aug — 60c 66c 39,761 47c 2.35 Jan 31c Pacalta May 75c Feb Oils 8%c 2,500 5c Jun 23c _• 4 ViC 18,500 3c Jun 18c Jan 9%c 10 %C 10c 8c 8c 22,311 8c 7c Stadacona Mines Mines Mines Mining Ltd 26c Jan May 8c 67c 136,600 47c May 1.03 Apr 1.10 400 90c Jun 1.15 * ,1 58 57 58% — 41c 2.40 2.49 5c 5c 1,625 44c 2.40 6c 5,875 6'Ac V 40c Co -1 -1 725 8% 9% 1.80 30c 1.60 1.50 * _a Loan Canada 50 755 Sep 59% Aug 44c Sep 1 1.90 Gold Pioneer Gold Sep 4% 350 71c 76c 18 % Aug 71c 14 % 23 Jun 5 Apr 50c 15,200 * 15 Jun 4 Jun 81c Aug Feb 15 Mar 86 280 13% 78 85 86 155 1.82 1.95 21,400 1.26 Jun Sep Sep 1.95 Sep Feb 1.80 1.71 1.80 9,050 Jun 1.90 Jan -50c 6c 5 Vic 6c 3.500 May 10%c Jan —1 1.75 1.72 1.80 5,201 25c 27c 7,000 Surf Inlet Bylvanite Gold Mines. 3%c May 12 %c Sep 18c Aug 3 Vic Aug 6 ,v(s May 12c River 9,830 1.42 Jun 30c 900 17% Jun 6,050 1.11 Feb • _ ... 40c 3.25 10,070 2.54 12c 11,100 8%c Jan 19c Aug 10 July Tombill Gold 10 %C 10%c 1.95 __ 1 class — Towagmac Exploration Tower 1 Jan Transcontinental Jan Transvision-Television Union Gas 1,680 10c 5,000 6c 121% July 3% Jun July 124 July 6% Mar Jun 20c 9c May 1.05 1.14 99,027 45c May 14c 15c 21,700 7c Jun Feb Jan 2.50 2.70 23,270 45 44% 45 880 Jan 45 Vi May 1.25 1.32 2,100 96c May 1.4a .Apr Jun 36% Feb 15 %c 17c 6,600 9c 4'Ac 16c 6c 3,500 3.05 4c 3%c — 3 %c 1,000 6c 35,000 6%c 23,000 24 %c 8c July 2%c July 3'Ac - 4%c 2%e 32c 35 %c 26 "L.~. 26 11,800 60 Traders Union Finance Fuel B United Ventures preferred • Jan 8c Jan Apr 6c Feb 6%C Sep Walker a 30c 25 Jun July 27 Jan Class Feb 42Vic Weston (G 3.50 550 3.00 Mar 4c 4%c 5,000 3c May 55c 44c 56c 91,100 30c Jun 56c Sep 38% 39 394 33% Jun 42% Jan Winora 15 %c Mar ♦2.35 _ _ _ Preferred preferred a. a 1.17 30,650 65c Jun 1.17 15,900 57c Jun 1.10 Sep Yellorex 360 12% Jun 16% Jan 1.30 May 1.85 43c 3,500 25c Jun 50c 59,500 17c Jun 67c 64c 4,100 46c Jun 89c 82c 93c 60,718 40c May 15% 15% 16% 11,325 11 May 76c 73c 1.00 11.950 70c 2.35 2.30 2.35 700 __ 1 6c 6c 6c 5,500 1 3.00 2.50 3.00 950 4 Vic 4%c 500 28% 28% 25 9%c 10c 3,50u * A - 1 9%c • 1.04 • ; . common .. 1.45 17 a __1 Bear Yankee Mines 3c 1.99 May 8c _ 1 _ _ _ Jan -v. Aug Jan Asbestos 28% Sep 30% Feb Brown 8c Sep 22 %c 38c 9,100 23c Aug 25% 25% 1,070 24% Jun 6.90 6.75 7.00 6,420 5.85 Feb 1 4'Ac 3 %C 4'Ac 4,000 3c Jun Russell • 15% 15% 16% 2,500 14% 102'/2 102% 350 __99 18 Vic May 50c % 42% 60 4.10 4.35 4,645 42 4.10 1 26 Apr 7.10 May Co •' _________1 common 10c Jan Jun 18% Jan 101% Mar 103'A ,37 Jun 3.50 Jun 43 Apr 4.65 Aug 4c 4c 500 3%c July 6c 9c 33,000 7c Mar 17c May 42c 41c 42c 8,600 30c Jun 49c Jan 22% Jun 25 May 48 Jan 20c Jan ""A'"__ 12c * ? 24% 24% V 47% 47% 11 %c 12% 13c; 123/a 505 45 46 3,100 10 Vic May 100 11% Mar 12 Vi May Z 50c Sheep Creek Gold 1.17 1.15 1.22 700 7 1.01 Jun 1.60 Jan -1 3.20 3.05 3.40 269,594 1.25 Jun 3.40 certificates footnotes see page 42. 2.802 4.00 2.94 5.15 Jan 7% Jan Jun May 5.15 5.35 9 %c 9 Vic' 1.000 6c Jun 2%c 2 Vic 4,000 2c 4.40 Aug Jun 8.25 8.00 8.90 4.015 29% 29% 29'A 160 10c 10c 11c 6,000 _/ Jun 6.50 May 23% Jun 7c 29% 33% 33% 33 % 50 24 23% 24 230 Jun 29% 50 29 Vi Sep 29 Vi 21 v 6.40 Jan 10c. Aug 5c Jan 15% Feb Jan 32 Feb Jun 35 Feb 25 Apr 10c 6,000 90 Vi 7c 7%c 3,000 7c May 7c 7 22,500 71,515 5c July 5c May .■ 29% Aug 13 %c Mar 9%C ____ 5c 33% 343A Jun * 99 99 6'Ac 6'Ac 500 2.45 2.40 2.47 1.700 42c 41c 43c 13,700 18c 98c 1.04 10,860 61c Jun 33AC 4c 7,600 3c Aug 99 10 1.02 100% Jan '37c Jan 11c Jan 11 %c Jan 27 | 4c 2.00 Feb 37% Apr Jun 6Vic Sep May 2.54 Aug Jan 48c May 1.10 Aug Feb 6c Exchange-Curb Section Funds Week's Range / Low 23 ---7. Sales for Week Shares of Prices Range Since January 1 High Low 23 60 21 Jun 26 2% 1,160 2 May 4 77% 95 —_5 12% 12% 12% 200 Canada and Dominion Sugar. * Fairbanks Morse com——* 21% 20% ....... High 23 2% ' 77% — 70% Jun 12% Aug 103 Jan Jan Feb 16% Jun 21'A 645 19 Feb 22% Jan 32 % 33 75 30 July 33 Sep .100 — 135 135 15 135 Sep 135 Sep • 20 20 20 Jun 22 Jan 1 1.50 1.50 1.75 • 69 % 68 69 % • 3% Canadian .____ Canadian Industries —. . common Canadian Marconi Vickers — Western Canadian : common —- Lumber Westinghouse -_i54'A Consolidated Paper * 16 1 * 31c common...., * Dalhousie Oil Bridge Dominion Foothills Glass Oil — __ • — International Paper common 2.50 • 56% International Utilities — 7 125 1,320 19% ; ,•77 70 1,800 3% 3'A 54% 54% 15% 16% 1,555 30 1" ^ 1.15 July 60 Jun 3% May 2.00 85 Jan May 4 Apr 49 Jun 55 Aug 13% Jun 18% Apr 31c 26c 33c 5,000 Jun 45c Jan 36% 37 580 31% Jan 37% Apr 40Vi 40% 110 36 Feb 40% Sep 2.45 2.55 500 2.30 Aug 3.65 Jan 56 57 965 43% Jun 16 % 16% 120 13% Jun 12% Jun 58% Aug 16% Aug Jan Oreille Price Bros 20% 20% 86 18 18 18% 395 15% Mar 18% May Supertest 17% 17% 200 15% 18 Temiskaming Mining 20 Jun Feb 21 Apr May • & Ontario Paper Minnesota 17% • _ 5% 1.10 77% Pend 20 common Jun 275 296,535 Sep -. preferred Breweries 1.22 6% 4.05 Apr 24% —1 Sherrltt Gordon 13,450 6 3.35 4.00 Aug 8c -50 ... 2.70 Sep Apr 8c * Winnipeg Brewing class A. 2.50 6% • 100 Preferred Dominion Shawkey (1945) Mines Aug 26Vic May 1 Preferred 21 , 15% Aug Mar 1 com.. Mar Par Canadian I Rouyn Ltd Bhawinigan Water & Power 17 Sale Price • Corp Canadian __100 Senator 200 Last Sep Feb Gold 20% Canadian ^ STOCKS— 8c 9c Mines Sep 20 Friday Feb 3.00 9,500 i 55 22 Vic ' July 14 %c Gold Jun — Toronto Stock 4c 14%'c — May 47 * Girl Jan 3.75 14 %c preferred— Jan 8 Vic 220 Jan Jun 1 Power 8% 22,000 55 34% 1.18 May Roybar Chlbougamau Rupununi Mines common 2,370 21c 1 _ ... Preferred Industries 14% 54 1 a Mines 1.20 Aug Anr 25% Royalite Oil 137/s 17'Ac 5 Vic Bulolo Gold Co May •■'/a.— > '7- Mines Aug Apr 65c Jan 62c _.l Regcourt 90c Jun Jan 29c 1 -1 21 Feb 25c Aug 38c 23c • Quesabe Mines Ltd Jun 55c •4,300 Sep 62c Mining . — .. Yellowknife Quebec Manitou — 17 13,600 30c —1 — Electric 1.10 25c Queenston Gold 190 65c 20 100 Gold 89c 4,450 .1 common Larder 84c 41c . __ _ Winchester 1.05 Labrador 20% 25c Jan 1.08 15 20 62c Aug 3.75 Aug 8c _ _ -1 Gold class a W) 4 Winnipeg 38% Apr & _ (George) 3.40 7c _ A 3.45 1.80 Aug May 1 a Grocers 1.717 Jun 14 11c 47c 1 . (Hiram) Consol Western Ymir Reeves MacDonald « Amulet 3,139 1.73 Jun May Sep 1c Waite 1,960 15 7c 29c Apr 9c 1.78 1,500 12,600 2.70 a Mines Ltd 2.25 • 8c 46c — __ Gold 8c —1 8C 55 -25 __ Wright-Hargreaves _ Jan 43c 14 _50 Mines Villbona 2.17 • Feb 1.35 May 62c • Hill Steel 1 Corp Quebec A preferred Canada 9c .__ 12c 12 18c class Keno United 2.21 —1 _ Sep 30C • A Resources Wingalt Gold Preston East Dome Quebec class Mining United 1 — Jun 10% Jan 3c a 69c 170 May 1.18 Aug 18c 2.65 2.02 Jun 2,500 Aug May 20% • 10 6% 3.60 22c 8C * 123% 7c 1.14 10% Feb 44c - Petroleums 6c 24c 2.000 1.10 10% 1.12 • A Jan Jan 2.60 10 %c _ Mines Iron Works Apr 53 #•' _ Torbrit Silver 6%c 5% 36c 28% Aug 5% Aug Jan 11c Jun 8 %c Jan 3.05 Aug 1.90 Aug 26% July 4% Jun lie Jun 123 % 150 3.15 3c % 18c 65 5% 1 3c W 28% Jan * •;-v 12c Jun 23 5% — Tech-Hughes Gold Mines. Thompson-Lundmark Gold Mines 1 _ 0 * _ _ 5c 1.27 Feb Wiltsey-Coghlan Gold_ 25C' * — _ 1.27 Jan 13Vic Aug „1 Mines. Voting trust certificates- For 4% a' —1 - Tamblyn Ltd common Taylor Pearson common 5c • Powell Rouyn Gold common- trust 11% Cons Mines Taku 1,000 a - 1 Porcupine Reef Powell River Voting Sep Jan 25c 1,000 34c Porcupine Peninsular Sick's 90 11 %c Jan 1.70 3'Ac Engravers Piccadilly Porcupine Shirriff's 265 Aug 8,200 . Ph#fo Shea's 11% 22 % Mar Jan 8c a 1 River 11 22% 4c 3.75 8c Paymaster Consol Sand Sep 16c Wekusko Sannorm Jan 9% 85 500 55,000 a Tubes. Malartic Antonio Jan 54c 1,000 6c __ 1 San 7 Sep 23c 24c Upper _ Saguenay July 94c 4Vic 20c 0 Cadillac Oils Jun 79 Feb July 24c Vlcour. Roxana 5 30 Jan Jun 4Vic 13 %c 1.25 Silk 4^22 85 Jan 44c 18 Vic -_1 Jun 14 %c Petroleum Riverside 9'A 85 99% -1 Jun 1.06 Renabie 8'/e 1.85 3%c 123 a Mines Quemont July Jan Jun Contact Class Power 41c 85'A 17c Gold Crow 3.699 9% common 3 Vic .1 Pickle 48c 15 3%c 5%c — Parbec 46c 1 : a Crush Pandora 10c * 20c Gold, Omnitrans Exploration Hershey 24c 2,500 • 4c 2,000 268,500 1.85 * Page 376,780 14c 26% 93 Sudbury Toronto Oils Pacific 94c 13 %c • Standard Radio class A Starratt Olsen Gold 1.70 7,000 13 %c 15 %c 9% 48% Jun 2,406 25,000 12 %c 123Ac 12%c * Mines Ogama-Rockland OsuJake 61c 13 %c Jan 21 Sturgeon River Gold 14 %c ______ North Star Oil common- Orange 3,600 Jan 30 Jan 7 65c 18 %c 18 %c Orenada 20c 9% Aug Sep Jan 58c 48Vic Mar • of Jun 4c 5c Mines Ontario 124 26c Steep Rock Iron Mines 9c 8,000 »*•'< Omega 125 Bros 7,375 1 Dennison oaalta 22 95% • Standard Paving common Preferred Stedman 5c Gold Gold 21 95% Jan 12c ^ O'Brien 24 Preferred Jan 4c • Normetal Northland 515 • common Aug Apr 24% __ Chemical 14c 11c Jun 8% Apr 15 Sullivan Norlartic North 32c 65c Apr 83c 11c 1.10 • Norpick 24% 95% • May 5c Yellowknife Noranda 24% —_ivr 5%c July 1,000 12c Nib 25 ' 9.00 Sep Aug 11% Jan 4c 4%C Rouyn Merger 9% IlOQ Steel New 3,100 9% '• '• • High 7.00 May 29c 100 40c May 8 %c -1 7 < 15 39c Feb 5,100 ' 14% • A Brazeau 15c 2.35 -1 15 Malartic 18% 2.25 60c New Norzone class A Gold 1.95 May 18% _1 Low 40c • Standard Goldvue 4,800 1 Preferred 2.25 — — 170 32c 5 Class B Mar 18% Bidlamaque 8.50 30c 30c 85 Jan 34 4c Alger New 47c Aug _• New New Jun 27 570 8.50 1 Range Since January 1 High . 27c _• - Shares Jan South Pipe for Week Low .11—III Mines Simpson's Ltd class -25c Negus Mines New Mines Sales Range of Prices Par Jan Feb 8c 30 High ' 73% Jun Week's . Last Sale Price Jun 64% 5,000 ;'/7> 11 13 13 2 STOCKS— 425 12c 13 %c 8c MARKETS SEPTEMBER Range Since January 1 High 72 ■7 ■' .7-5 common (1017) Friday Shares 71 12c Mines Preferred National 72 ENDED for Week Low ; LISTED WEEK CHRONICLE Sales of Prices Sale Price FOR FINANCIAL - —i— 13% 13% 14'A 900 —1 4.90 4.85 4.90 1,200 52 52 30 45% Jun 55 42 44 50 42 Aug 47% 7c 7c 500 Jun 8%c Aug * Petroleum Ordinary———* 1 __ 42 __ 3.35 May 6c 22'A 6.70 Jan Mar Feb 41 42 (1018) COMMERCIAL THE & FINANCIAL CHRONICLE Monday, September 12, 1949 OVER-THE-COUNTER SECURITIES Quotations for Friday, September H Investing Companies Mutual Funds— Aeronautical Securities Affiliated Fund Amerex American 1 4.54 4.07 1 1 Federal Home Loan Banks— 1%S Sept. 15, 1949 2.96 3.27 3.27 3.61 shares 3.42 3.77 1.25s wi 3.03 3.34 1.35s wi Sept. 3.30 3.64 Industries shares—lc Home Furnishings shares Non-Ferrous Metals 7.35 15.09 5% 2% 1 6.80 13.87 4% 1% <-• 91.42 95.23 Manhattan 1 19.86 21.47 Mass 10c 8.08 8.09 Inc Bowling Green Fund Inc Broad 9 : Figures after decimal point represent Ask Business Equipment shares_lc Electrical Equipment shares-lc 4.00 5 1 Beneficial Corp Blair Holdings Corp.. Bond Inv Tr of America Fund 3.65 8% Bid lc General Axe-Hougbton Fund Inc-Axe-Houghton Fund B Boston Automobile 31% 2 A Par Managed Funds- Oilstocks Standard series 29% 10 Obligations Of Government Agencies Mutual Funds— 4.99 3.72 Shares Business Shares Ask IV* Inc Holding Corp Associated Bid Par lc lc shares Paper Petroleum Steel 3.41 4.20 lc 3.44 6.95 Ctfs of Inc.l 11.42 12.35 1 13.72 15.26 16.50 Mass 16.57 18.16 Mutual Invest Fund Inc Century Shares Trust 1 33.23 1 13.43 14.53 com—100 3,320 100 133 Preferred Investment 1 Fund 5.46 Balanced Low Balanced 1 1 Stock Fund Equity Fund Inc.— Fidelity Fund Inc_L Financial Industrial First Boston Fund 25.37 20c 5 Fund 24.12 Fundamental 4.36 Automobile Aviation Low Priced Com Stock Series 1 1.89 New 28% 5.38 4.84 England York Stocks Inc— 5.89 46.61 Automobile ■■ Aviation 5.01 3.15 3.44 14.21 1 15.24 Indebtedness— of 9.08 6.08 I 6.18 . 10.21 1, 1950 100.0894 tl%8 Apr. * 100.1007 .1397 100.0609 .0700 1 %S .0337 1 7.57 8.30 Chemical __JS 1 10.03 10.99 Corporate bond series 1 10.72 6.32 6.93 Diversified 1 3.63 5.23 5.74 Diversified Investment Fund_l 10.12 .1338 .1326 Sept. 15, 100.1247 .1406 100.0445 1950. .0643 Dated Bid Ask Bid Ask 1.60% 1- 3-49 10- 3-49 bl.25 1.10% 1.50% 7- 1-49 1- 3-50 bl.30 1.15% 2- 1-49 11- 1-49 bL30 1.10% 1.55% 5- 2-49 2- 1-50 bl.35 1.20% 1-49 11- 1.20% Dae Rate Dated Due 1.50 % 4- 1-49 bl.30 1.10% 1.55% 6- 1-49 3- 1-50 bl.35 3- 1-49 12- 1-49 b-l.30 1.10% 1.55 % 7- 1-49 4- 3-50 bl.35 5- 2-49 12- 1-49 bl.30 1.10% 1.35% 8- 1-49 5- 1-50 bl.35 5.47 Diversified 9.49 ; 1.20% 1.55% 4- 1-49 I- 3-50 bl.30 1.15% 1.35% 9- 1-49 6- 1-50 bl.35 1.20% 1.20% 11.09 4.98 10.40 Industry preferred stock—1 equipment 1 6.76 7.41 Electrical 5.80 6.36 Insurance stock 8.18 8.97 Machinery lc lc 3.98 6.93 7.59 1 11.44 J2.54 1 < 9.16 10.04 9.86 10.81 4.38 4.81 Merchandising Fully Administered shares—lc 6.72 7.37 Metals 1 7.53 7.06 7.74 Oils 1 15.77 United States 8.25 __—lc Treasury Bills 17.28 shares— Industrial Machinery shares lc Institutional bond shares—lc Priced 1 10.21 1 6.96 Railroad 1 4.44 4.87 5.53 Railroad 1 5.67 6.21 7.46 . . 4.94 lc 7.55 lc 2.27 2.51 Equipment shares -—lc shares Petroleum Railroad Bond Railroad Steel stock 1 7.08 1 Tobacco Petroleum & 10.75 3.20 3.52 lc 3.76 4.14 Republic —lc 4.09 4.50 Russell Berg Fund lc 4.44 4.88 shares Investors Inc 14.62 2.14 value) _• 2% 48.92 19% Selected Amer Income Foundation Fund 10c xl.63 1.78 Shareholders Trust of Boston__i 5 20.06 21.69 Shares Standard lc lc Group shares shares Insurance Group shares Group Stock and Bond Group Investment Co of America 7.31 73c lc 1.01 Investors Management Fund State 8.02 Trusteed B-2 (Medium Bonds) Grade Bds) 10c 26.23 Union 7.88 Series. B 13.51 Series C 1 1 27.26 28.49 . t_ X17.41 1 1 1 Shares 16.85 Wall Street 8.73 9.53 16.11 21.46 28.24 Wellington Fund 14.76 19.67 25.89 Stocks)—1 13.72 14.97 Stk8)_l 10.35 11.30 Diversified (Low Priced com Stks)„1 Knickerbocker Fund 1 4.19 4.58 Series E 4.34 4.76 2.&Q Independence Trust Shares—1 Lexington 2.33 2.54 North (Income (Appreciation com com 8-4 Fund— Trust 25c Loomut sayles Mutual Funo • Loomls Sayles Second Fund_10 Whitehall Investing Corp Fund 97.31 r 9.04 Series ipsa ; Bank 9.62 9.82 17.09 3.50 3.79 6.78 7.85 1.97 2.26 10¥8 56% Bank National <fe Trust — L Bank Casualty 10 84 10 57 59 Insur Co of Life 10 65% 65% Jersey Insurance 25 65 23 % 25 Surety Agricultural . $2.10 American Casualty American Equitable 4 5 Assur & (J P) 13% 30% Nortli~Ame~rlcaI__io 21% Casualty Prior 1 common preferred.. __lo 46 15% 2% 19% 20% American lo 29% 31% Re-Insurance American Surety Automobile 25 10 — _ „ & 59% 12% 47 Shippers . 91 28% 30% 30 65% 68 New North 8 General Life „ 10 20% 22% 5 7% 2 River 58 60% 33% 35% 33% 35% Phoenix 58% 61% 30 57% 61% 65% Fidelity A Deposit of Md 10 63 % 10 68 71 Bank Fireman's Fund of Frisco „ _ , Republic Globe & Rutgers Fire com 2nd preferred Great 84% 87% 177/S American 26 % 28% 5 52 54 8 10% 11% 15 32 34 15 83 35% 35 36% 227 15 % 16 ¥4 40% „ Hanover Fire 10 Hartford Fire 10 Hartford Steamboiler 10 33% 133 37 35% 137 39 83 28% — 290 20 31% 33% 12% Bank Natl Bank 20 63 66 51% 54% 7¥« 630 Bank of Amer N T & S A—12% ¥4 44% 42 8% 660 Security Issues 105 100% 100¥4 1979 104% 105 102 % Cen 105% 1974 25 10 II__IIH_5 Seaboard Surety Security (New Haven) Springfield Fire & Marine Accident U S Fire Guarantee Westchester Fire & Pwr $2.50 Lt Ariz Bid Ask 50% 51% 103% — (Gov't of) ... Hudson Gas 4.75% Conn 27/aS Power & Elec— 100 preferred Lt Pow & Delaware $2.20 pfd Power & preferred 103% • 54 ¥4 105 55% Light— 100 _.— Iowa Southern Util 5%% 3s Elec 1978 105'A 106 1978 104% 105¥4 3s 1979 104% 105% N .1 Reinsurance Corp (NY) Republic (Texas). Travelers Par pfd_50 Stocks— Ask 1974 Pa 3s Y State Elec & pfd_30 104 31% 105 32 Gas— ij 4%% New England Power 3s Penn 55% 58% 14'A North States Pow 15 ¥4 86 4'A 46 2 5% (Wise) Pub Power 38.^ 29 3A 10 Lgt 4%% pfd—100 Ser (Colorado) 4.40%—100 Pub Seiv of Okla 4.65% Ohio '5 34% 12% 1949)—100 (series 106 107% 103% 104 ¥4 111% 113 105 107 106% 108% 21'/a 21% 89 Ho _ pfd Pow <fc 111 lo Providence-Washington S 290 270 88 25 Bid Narragansett 101% __ Preferred Accident U 35 Francisco San 42¥4 j 26 3A 1978 105 105% 3s__1979 103% 104 Tenn Gas Transmission 3s__ 1963 6% 90 ioi% 50 pfd_J00 101% Rochester Gas & Elec— ¥4 $4.75 preferred series G—100 Public Serv of Indiana San Diego Gas & preferred Elec— 4 % % 93 34% 45 % 34% 3 6 ¥4 preferred —.—.——100 106 107% 47% 10 4.90% 36% 10 20 Staten Island Edison— 53 10 100 US Fidelity & Guaranty Co__2 _ 33% 233 4.28% 37 45 ¥4 Indemnity Co IIII__Hlo Peerless Casualty Co 5 Standard 10 Detroit Trust & United States 37% 35 88 5 of National First 52% 86¥4 100 Duke 96% St Paul Fire & Marine lo Bank ; 19% „ General Reinsurance Corp Falls— Globe & 10 5 Firemen's of Newark 34 Portland 67 % Fire Assn of Phila. 50% Kentucky & W Va Pow 3s_1979 59% 106 * 28 32 30 Central 43'A Pacific Employees Group Assoc • Employers Reinsurance—+—10 26 16 41% Canada 2.50 Pacific Fire 10 20 Bank City Bank Peoples First National 281 83% Bell Telephone of _12.50 102 520 , 8% 28 5 Northern 10 ^ > 27 39% Bonds— 10 Fire lo . (Detroit). 10 Amsterdam Casualty York 500 Farmers Deposit Natl Bank__100 Mellon Natl Bank & Trust—100 32 4 5 National Union Fire _ Fire Conectftut Continental Casualty Cram & Forster Inc : 5 96 10 Boston Camden 24 ¥a preferred New Hampshire Fire 28 18% Recent 22% New —100 Co Pittsburgh 32 25 -12 2%s 62% 45 272 .94 & Trust.17% 50 5 National Casualty National Fire , 310 Detroit 1,310 •10% 51 15% Newark 190 295 112 ¥4 20 Massachusetts Bonding Merchant Fire Assurance. 23% 13% 182 100 32% 108% N Y of $1.05 Convertible ' 15% 8 American of Bankers . 16% 100 Bank v 30% Co Inc York Trust Nat'l 91 10 United States Trust 48 __ Fidelity & Casualty.B American . 46 81% —.100 34% 32% - 10 Title Guarantee & Trust... Merchants & Mfrs Automobile American 193 Ask 5 Maryland American Alliance 79 Savings National Central National 100 1,250 20 Sterling National Home 87 & Trust National Co 68 10 & 188 Cleveland 10 16 'A 17% 100 1,390 1,450 25 42 < 44 Trust Public Insurance 100 Trust—SSVi & Bank Trust Northern 49 ¥4 Bank National Harris 95% 9sa r ' 54% New Aetna First 129 ' 92% 47¥4 ' Irving Trust Kings County Trust Lawyers Trust Insurance Companies Ask Illinois National 42% 40% 124 ~L National City Bank Bid City Natl Bank & Trust > 342 Trust— & 1 100 Industrial Bank of Commerce_l0 3.49 par , 20 Co Guaranty Trust 2.17 Bid 37 First Shares— Companies Par 43% Fiduciary Trust Ask 25% 35 Federation 1 Aetna 8, Ask L'L. LL Corn Exchange Bank & Trust_2Q County Trust Co (White Plains, N Y)— 16 Empire Trust .—50 28.85 f Bid 41%' Trust & Stamped Shares— , Aetna 1.00% 10 Bank Morgan Bid bl.06 327 100 Manufacturers Par Dec. 15 Trust 9.83 15.89 1 Series 1955 47.51 0.95% 0.97% Commercial National Bank & 17.27 —„ 46.56 1.01% Continental 100 ..10 National Chemical tfnlt Typo Trusts- 95.36 1.01% bl.06 York New Trust Continental Bank 1 Trust of {& FHth Avenue Chase 1 Wisconsin Investment Co Amer 1.00% bl.06 1949_ 1949— 1, Chicago Brooklyn Trust 18.53 1 Inc. Trustee bl.06 25, 1949_ Dec.. 24% Manhattan Co..10 the Central Hanover Bank & Trust 20 X6.64 United 15.44 S-3 9.55 72C X17.86 Union Common Stock Fund 1 8-2 Bank X5.71 Bonds)___.1 Stocks) 1 K-2 (Appreciation pfd Stks)_l S-l (Quality common Stks)-1 Bonds) of V X20.71 24.70 Priced 8.76 64c 1 22.64 (Low 17, 1949_ NOV. 0.95% York Bank 97C Union Preferred Stock Fund B-4 (Speculative K-I (Income pfd __— 1949 Par 49.75 1 ^ * Income Fund Nov. 0.95% bl.06 —— 0.93% bl,06 1949 27, New 88c 1 - 0.99 % 0.99% bl.06 1949 Banks & Trust 6.11 46.75 25c Bond Fund series A 7.19 13.20 20, Bankers 1 B-3 5.58 Corp.* Industry Shares 1 Keystone Custodian Funds— B-l (Investment Inc Investment Television Fund Inc 1.12 12.47 24.13 1 1 Invest Co Street 1949_ bl.06 1949__ Oct! 80c 11.38 V lc of Boston—1 Investment Trust Sovereign Investors Ltd— Aviation Bank Ask bl.06 bl.06 1949 bl.06 13, Oct j 20% 4.53 Institutional 1949 29, 6. 10.81 6.08 4.19 Investors 10, 48.92 10.04 5.54 Incorporated Nov. 28.46 lc Shares 0.90% 2.35 26.47 —1 (new asset 3, bl.06 15.72 1 1 Inc Scudder, Stevens <fc Clark Fund NOV. 1949 Oct. 11.78 Howe Plan Fund Inc Utility shares.. 0.85% 22, 15 1 Fund bl 06 Oct. 7.76 5 • Trading Putnam (Geo) Fund shares shares.—. Tobacco 7.29 Bid 1949- Sept 8.28 shares Steel equipment..._ Ask 15, Sept 7.63 8.18 Bid Sept 11.19 Public Utility 7.99 5.42 Merchandising Mining shares RR Pacific Coast Invest Fund 9.34 5.04 lc lc shares 7.11 8.90 —lc* shares 1 6.48 Investing Company shares__lc Low .0987 100.1117 100.1183 11.37 shares--——lc General bond shares. .0939 1.50% 11.19 Building supply Equipment shares lc Food . 100.0821 1, 1950 tl%s June 1, 1950 tl%s July 1. 1950 100.0231 Ask — 1.55% f 6.77 1 — Electrical „ A«k (cont) 1950 1.55% ;> 9.95 5.55 MLlLLLL-——1/ Chemical „ Bid lndebt 1. Federal Infermediafe Credit Bank Debentures Rate r 1 ■ Bank stock 50.12 4.67 Fund Agriculture V: « Building shares Bid of Feb. 4.77 lc lc shares tl%s .1835 3.55 _1 Group Series 10 shares 100.1725 5.73 6.69 Group Securities— Agricultural shares 100.14 102.30 2.94 5.24 5.81 Trust 2.69 3.25 13.33 Investors 4.31 1 1 2 General 6.75 3.94 1 5.37 I 1 100.8 102.22 Maturity— Certificates .1%% tl%» Oct. 1, 1949 U%S Dec. 15, 1949 U%B Jan. 1, 1950 6.25 6.18 Industrial Stock Series 4,64 Capital Corp 5.72 1 Selected shares A—2 Trust 1 Series 18.20 5.08 14.61 General Series 1 Stock Series New „ 100.2 Price Ask Bid tl%s Mar. Certificates 3.88 26.08 1.72 Common stock series Fundamental Investors Inc 7.18 Stock Series 26 V2 : series stock 6.57 Speculative Series Franklin Custodian Funds Inc— Preferred 1 3.68 1 Dollar 9.17 17.02 10 119% Int. Rate Treasury Notes— tAprll 1, 1950 14.30 8.48 27.13 Inc_l Corp First Mutual Trust Fund 13.33 1 Corp Priced Bond Income Howard—1 & 100.3 99.26 U. S. Certificates of Indebtedness Security Series- series Bond Preferred Eaton 1 National 1.55 1.41- Fund Investors 14.87 25o Dividend Shares Fund National 5.93 12.87 1961 Maturity- 138 1 Commonwealth Delaware 2nd Nation-Wide Securities- 3,470 118% Ask 100 1952-1950 l%s Jan. 1, 1953-1951 2%s Feb. 1, 1955-1953 3.76 v.; 35.73 Chemical Christiana Securities 100.4 14.99 interest__l 1 Fund 100.2 100.2 „ Panama Canal 3s 27.39 beneficial Investors 1950 Bid 1, May Issues Trust— 5 Corp Invest Street Bullock Fund Ltd 100 1950 15, point a 1950-1949 7.62 25.34 15, 100.6 of Bank Bonds— 1, l%s 100.4 32nds more or l%s Oct. 3.80 Fund Inc_10c Feb. one Federal Land Ask 4.63 shares Bond 1950 20, Other 3.17 2.87 lc lc shares Investors Jan. Bid 100 4 10 2 7.30 55% 63 a Odd lot sale (not included in year's range). b Big yield price, d Deferred delivery sales (not e Ex-interest, f Flat price, k Admitted to listing on N. Y. Stock Ex¬ trading n. Y. Curb, r Cash sales (not included In year's range). t Exliquidating dividend. (Un) Admitted to Unlisted Trading privileges, wd When delivered, wi When issued, x Ex-divldend. y-Ex-rights. z Ex-stock dividend. included 7.55 57% 66 75 79 21% 23 in change. n Admitted •No par year's value, range), to tin default. tThese bonds are subject to all Federal taxes. Volume 170 Number 4837 THE COMMERCIAL & FINANCIAL CHRONICLE (1019) Week Ended Sept. 3 THE COURSE OF BANK CLEARINGS Bank clearings this week will show us, based upon telegraphic cities of the country, indicate that for the week ended ings will be 2.6% above those total stands at of the year ago. advices from the chief corresponding week last week in 1948. PS fu" Week Ended Sept. 10 1949 1948 $4,674,179,247 529.979,814 451,531,358 647,000,000 657,000,000 Chicago 1 7^610 199,700,000 168.266,000 Francisco (11 cities) 183,693,000 — — 232,303,380 — — 5.0 $7,290,000,209 + 10.6 2,038,143,036 —10.0 3.6 + (7 West 836,492,053 $10,427,541,031 Complete and exact details for the We Accordingly, in the above the Virginia—Huntington 6.0 + District of —35.0 elaborate detailed last $10,164,635,298 Total 2.6 + furnish them today, inasmuch are day of the week in all final and complete For that week there cases, we was results of the record - by 11.8%, a has to be estimated. previous—the week decrease of 1.6%, the aggregate of-clear¬ a (including this city) the totals show in District the by Richmond 1.6%. In decrease of a Chicago following we furnish In a summary Week Ended Sept. 3 Boston— OF the Kansas (6 cities) the totals 463,581,976 6,944,758,489 6,654,268*423 V " Cleveland 7 " 696,982,502 6 " 409,096,441 414,139,302 " "540,587,488 549,10^,161 ——16 " 837,439,260 " 407,872,193 Minneapolis 7 " 373,381,071 " 399,368,643 5,966,401,362 5,844,295,747 682,339,475 644,683,632 610,702,516 571,579;426 1.2 336,899,288 323,617,488 — 1.6 494,653,247 4,952,364 126,929,655 235,688,176 119,503,792 18,865,500 37,055,500 9.1 20,642,800 4,614,149 —17.6 3,384,388 6,171,930 + 22.0 4,919,037 4,349,679 281,928,318 —13.8 214,186,096 216,451,301 789,832,043 —11.8 610,702,516 571,579,426 2,999,860 —13.6 731,189,693 629,352,588 340,338,002 2,591,369 10,235,000 141,938,043 193,956,991 61,575,312 414,139,302 3,434,096 Macon 65,844,737 Alabama—Birmingham Mobile.........—. Mississippi—Vicksburg Louisiana—New Orleans... fotal (10 cities) _ Seventh Federal Reserve 67,700,226 82,881,734 110,261,767 4,065,962 3,435,650 We now 328,294,591 280,395,856 380,656,611 325,860,194 — — — Wisconsin—Milwaukee Iowa—Cedar Rapids ..... Des Moines Sidux City-— —— Illinois—Bloomington „ SS. Chicago.— 47,316,000 55,888,518 ... """4,737,585 48,523,000 7,306,991 f2,433,425 Indianapolis—.—..... Bend^-.....i.....^...«.. South 5,893,141 4,744,094 Indiana—Fort Wayne 10,153,303 56,489,120 3,274,688 28,245,000 12,464,032' 12,508,069 1,121,704 2,807,560 9,479,071 ; ...... 685,808,525 3,045,415 10,256,859 4,506,4 J 2 Decatur 1,256.067 641,058,411 ...... 5,580,489 3,162,500 2,856,506 837,439,260 _ 883,562,141 Louis 234,700 000 - Kentucky—Louisville 104,249,412 Ten nessee—MemphJ s Illinois—Quincv Total (d eities) 428,049,129 Ninth Federal Reserve Minneapolis 1.6 11,064,561,492 10,466,757,814 6,569,374,128*-- 7.9 5,272,690,254 4,788,411,154 1948 $ Y.^-Y YY';. Ihc. or Dec. 1947 1946 $ 1,837,878 —12.9 4,058,793 —12,2 Y 4,239,400 381,698,711 385,509,030 1.0 H 348,996,554 329,453,837 1,584,433 1,493,166 1,311,296 1,314,747 705,835 501,942 549,808 1,516,837 1,848,784 1,819,666 Springfield 7,498,150 7,188,366 Worcester 4,440,597 5,031,440 25,136,766 24,337,430 9,570,845 23,901,000 Rhode Island—Providence — (Mew Hampshire—Manchester 1,948,221 Helena — Total (7 cities) Y* Second Mew Federal 463,581,976 Reserve District—New York—Albany Binghamton y 1,737,593 - 4". 6.1 + 11.9 4^ + 1.6 + <• 1,615,478 v 3,883,964 4.3 5,823,723 —11.7 3,748,086 3.3 18,032,939 19,226,222 11,193,934 —14.5 8,964,344 7,854,099 20,081,800 + 19.0 17,249,000 1,560,909 Buffalo Elmira + Jamestown Rochester ' Syracuse Connecticut—Stamford New Jersey—Montclair Newark Northern New Jersey 3,810,622 + 0.1 + 2.6 4,389,417 37,209,000 + 12.1 4,192,013 t Ti X 41,136,707 38,214,345 3,358,114 22,206,192 2,848,109 17,599,149 7,441,337 969,472 — + 3.3 + 8.5 — 0.3 3,634,542 33,605,000 3,904,591 II.704,768 —10.7 919,605 6.5 574,419,377 — — 7.8 • : »•' 494,402,140 2,858,717 1,965,149 7.6 8,030,372 —19.2 3,834,907 6,445,328 3,430,196 — + 10.7 2,998,082 2,501,059 5.2 731,189,693 629,352,588 206,100,000 80,478,391 179,900,000 72,136,464 52,110,717 49,294,737 — - 6.8 -0.8 - 2.7 -11.9 1,648,894 1,296,410 4.7 340,338,002 302,627,611 — 5,530,430 5,216,835 —13.4 235,119,474 67,735,965 198,886*158 —17.6 5,459,996 4,334,122 —15.4 3,016,673 2,372,993 5.7 3,596,380 2,489,075 0.7 7,835,673 5,870,238 8.9 328,294,591 280,395,856 + — — — 7.4 61,226,435 427,552 *525,000 — Omaha . 6,343,802 1,816,202 399,368,643 + 24.8 cities). — 0.3 3,488,330 17,330,300 ..*980,583 '413,162,297 15,735, 802 2,568, 065 73,345,687 79,232, 552 1,573,161 1,541, 191 1,596,036 1,726, 522 6,733,734,167 6,419,309, 496 17,359,816 18,792, 712 12,362,690 12,163, 637 10,774,046 11,072, 215 692,485 9ii, 305 —13.4 388,577 327,734 —10.9 606,001 378,050 0.7 5,652,780 4,839,713 2.5 95,837,664 81,385.331 — — + 19.4 4,695,650 " 3,772,218 2.5 9,141,168 8,288,554 8.5 252,577,686 4.9 8,518,629 217,712,357 6,011,928 1,663,665 —16.4 —10.2 1,731,817 1,506,639 1,735,629 2,021,546 460,101,118 —13.2 380,656,611 325,860,194 — — + 1,408,680 1,307,634 Eleventh Federal Reserve District—DallasTexas—Austin 7,462,032 7,708,000 3.2 6,093,258 Dallas—. 197,788,386 5,383,066 248,917,677 -20.5 Fort Worth 27,998,613 -24.9 161,020,000 21,517,781 139,370,000 21,013,426 5,882,000 3,672,000 -25.5 2,377,925 2.7 7,466,895 1,933,827 6,950,513 —20.1 204,357,859 172.673.731 Galveston. 5,005,000 3,305,673 . 392,876,491 Total 6,638,566 4,435.806 8,682,178 Wichita Falls. 8,925.789 243.256,695 304,624,451 ' , (6 cities) ♦ :,:Y+;Y;^r 2,926,387 9,236,620 1,391,353 Springs— 10,313,734 316,356,156 9,691,832 Pueblo— 5,313,927 10,054,759 Colorado—Colorado (10 107,590,761 257,770,967 Wichita Missouri—Kansas City St. Joseph Total 493,772 589,399 6,521,538 104,873,621 . , 5,322,904 > Yerk— * New York 464,818,247 16,028,379 — 7,468,676 —15.0 6,478,550 Hastings——. Louisiana—Shreveport Total (12 oities). 1,112,873 8,537,705 4,097,698 — 6,565,105 6,427,648 1,529,168 — v rt" - Dakota—Fargo Kansas—Topeka 1,600,592 .New Haven I,297,019 9.2 —25.7 288,597,891 90,006,400 95,641,375 * Lincoln %<_ 790,028 f, . 249,901,674 — Nebraska—Fremont 3,563,849 ■ + city for the . Connecticut—Hartford 65,344 591 5,330 202 Tenth Federal Reserve District—Kansas City- $ — 68,850,667 5,538,342 —— St. Paul 409,694,078 New Bedford 46 + District—Minneapolis— Minnesota—Duluth 373,381,071 — 2,847, 811 53,207, 499 2,000,558 407,872,193 Y—— 8,802,353 Fall River 3,691 968 54,721,032 _ 1,763,255 — 8,744,611 - each • 3,022,804 2.7 69,019,190 4,326,639 statement showing theYfigures for 3,446,210 -11.8 251,900,000 105,129,381 67,159,526 7,796,248 3,599,436 — 6.6 9,719, 954 44,339, 076 163,000, 000* Eighth Federal Reserve District—St. Louie— Missouri—St. 4,081,248 Portland 47,656,594 199,000,000 t 3,046,173 detailed 12,137,564 1.8 7.5 - 3,169,995 26,192,044 South Dakota—Aberdeen 6,050,644,423 5.5 + - - 6,521,131 172,673,731 12,988,683,624.* 323,617,488 —29.0 9!214!203 4,380,256 Lansing 525,970,326 12,784,378,590 1 1,777,912 1,262,820 Grand Rapids 575,566,551 Maine—Bangor ,■ 336,899,288 District—Chicago— Michigan—Ann Arbor......... Terre Haute — 452,824,724 —13.2 Massachusetts—Boston 55,497,717 494,653,247 752,967,369 City . 152,461,898 69,616,314 1.6 653,309,473 First Federal Reserve District—Boston— / 159,828,312 1.2 + 549,109,161 " 1949 • 2.2 8.8 — 383, 944 104,959 6r9 North Clearings at— : 2,721,967 6,971,000 5,535,440 Y 381,118 94,901,818 204,357,859 ' A. 2,865,405 5.5 —20.1 Week Ended Sept. 3 i —19.4 —17.0 304,624,451* week ended Sept. 3 for four years: 4 2,043,604 103,921,242 —10.4 243,256,695 our 2,253,064 9,349,000 92,987,193 449,483 10 add 2,838,257 4.3 6,295,147 " -111 cities Outside New York 4,390,066 205,180,831 8.4 + — 79,269,264 5,643,337 372,970 116,306,554 540,587,488 I,-*... Florida—Jacksonville. 6 Total — 59,321,743 204,000,000 Montana—Billings ; —11.9 14,309,919 60,386,708 302,627,611 8.9 —13.2 460,101,118 12th San Francisco 9.4 — 452,824,724 5.2 4.7 — 409,694yO78 10 $ —11.8 428,049,129 Dallas —16.7 6,636,725 1946 392,876,491 7.2 — 883,562*, 141 4 City 644,683,632 188,800,000 3,795,726 3,030,979 - ' Springfield 413,162,297 4*. 4" + 877,518T162 Louis 10th Kansas 682,339,475 13,524,743 Nashville Georgia—Atlanta Augusta—— Rockford $ 0.3 — 789,832^ 5th Richmond 7th Chicago ' 1947 Dec. % 464,818,247 11 10 7,2 District—Atlanta- Total (16 cities) Inc. or $ 814^44,359 - , , 1948* 13 8th Atlanta City Reserve Distinct the ^ 3rd Philadelphia 11th the CLEARINGS :>< $ —12 cities - 877,518,162 409,096,441 _ Peoria -<• Snd. New York_ w, 9th in and District by Federal Reserve Districts: BANK 1949 Federal Reserve District! 8th St. Reserve 13.2%, in the Dallas Reserve District of 20.1% and in SUMMARY 4th and in the falling off of 5.2%, in the St. Louis Reserve District of 4.7% and in the In the 1st District by 1.2% Reserve the the San Francisco Reserve District of 13.2%. > loss of 0.3% a gain a In the Cleveland Reserve District the totals Minneapolis Reserve District of 8.9%. totals record 4,621,904 66,980,004 Tennessee—Knoxville_ present further below week but in the Boston Reserve District the totals show Reserve 5,520,569 5,073,969 139,766,715 Columbia—Washington appear the week as not available at time of going to press. statement, however, which that in the New York District Atlanta 6,495,287 —21.6 135,890,015 2,769,338 same smaller —11.8 8,872,921 11,099,000 Sixth Federal Reserve by the foregoing will cannot Philadelphia Reserve District of 7.2%. are 8,626,414 160,439,600 292,985,821 V Carolina—Charleston Maryland—Baltimore week in 1948. Outside of this city there was a loss of 7.9%, the bank clearings at this center having recorded a gain of 4.9%. We, group the cities accord¬ ing to the Federal Reserve Districts in which they are located and from this it of 4.4% 3,509,991 1,648,291 2,827,437 869 District—Richmond— Richmond ings for the whole country having amounted to $12,988,683,624 against $12,784,378,590 appears —23.7 2,048,230 2,413,915 696,982,502 „ in the 4,662,013 2,024,021 3,724,134 242,882,595 Virginia—Norfolk week covered Saturday and the Saturday figures ending Sept. 3. 7.4 + 16.8 ' Total all cities for week. week. $9,328,143,245 543,995,694 give 5.3 — 619,000 000 7,532,287 Cities) Fifth' Federal Reserve 1,821,743,644 to — 5 119 993 1,181,048 3.6 $8,061,801,693 able 2,112,637 655,000,000 2,372,281 2.522,689 6.9 3,800,973 Pennsylvania—Pittsburgh Total cities, five days $9,883,545,337 are 2.9 33,691,700 South we 716,104 + — 2,520,203 8.4 155,050,551 the 1,111,578 939 242 1,410,106 5,525,428 Youngstown 0.4 Other cities, five days In 749,674 6.0 4.8 145,399,267 Columbus 3.9 160.621.813 issue of next —30.6 — 258,150,252 Cincinnati Cleveland 1.5 —10.1 — 211.893,450 200,828,208 Baltimore our $ — 3,654,337 097 814,744,359 Mansfield 201,245,106 Cleveland + 16.9 206,852,202 198,900,000 Pittsburgh in 1946 $ Fourth Federal Reserve District—Cleveland— + 17.4 — 317,797,021 185,973,733 City St. Louis ends 1947 6,954,447 Jersey—Trenton Ohio—Canton 305,244,780 Ten 74.0 3 ggg 007 Delaware—Wilmington * $5,463,742,239 Philadelphia San Inc.or Dec, % ' New York.: Kansas a 2,' 944,269 _ Clearings—Returns by Telegraph 3,831,457 836,000,000 3,442,733 * XOFJC— Total 1,191,938 '3,941,238 Wilkes-Barre New 1,206.912 778,000,000 Si 6cranton_ summary for the week follows: 1,851,974 1,134,548 Philadelphia At Our comparative 1,285.106 1,134,115 Our preliminary year. same $ District—Philadelphia— Pe£??hu£fIa~Alt00na rSKS Chester possible to obtain weekly clear¬ gain for the week ended Friday of 16.9%. a a 1948 $ Saturday, Sept. 10, clearings $10,427,541,031 against $10,164,635,298 for the this center there is with compared Preliminary figures compiled b.y for all cities of the United States from which it is 1949 Third Federal Reserve decrease a 43 YYV" - -24.5 - 15,334,325 Y;-'-' Twelfth Federal Reserve District—San Frsneisee— 1.9 8,844,858 10,467,047 + 14.0 2,137,560 2,701,009 7.4 59,509,824 51,362,790 + — + — + 2.1 1,220,879 1,199,248 7.5 1,552,566 1,490,965 4.9 5,791,871,238 5,678,346,660 7.6 15,426,388 16,878,790 1.6 8,772,006 9,375,252 2.7 8,634,608 561,584 482,432 101,537,861 Yakima 115,222,796 3,431,710 144,939,869 3,102,725 Oregon—Portland 124,249,402 Utah—Salt Lake City 47,494,011 California—Long Beach 54,246,663 10,700,068 13,946,732 Pasadena— — + — —I 35,777,440 42,901, 974 —16.6 32,246,673 —20.1 35,623,178 31,961,507 76,459,343 —12.4 39,136,467 35,295,345 +30.3 3,966,568 9,529,222 8,861,477 5,901,174 7,178,520 +13.1 5,729,355 —15.1 299,671,206 11,576,951 3,851,386 7.3 311,405,708 10,282,565 —10.4 3,422,282 2,691,991 - *3,450,000 " 8,928,571 6,674,696 8,263,119 —19.2 7,631,958 653,309,473 752,967,369 —13.2 575,566,551 12,784,378,590 12,988,683,624 — 1.6 11,064,561,492 10,466,757,814 6,050,644,423 6,569,374,128 — 7.9 5,272,690,254 4,788,411,154 (10 cities) 5,535,456 * . 525,970,326 30,542,575 48,312, 952 78,659,195 3,859,776 90,224,831 393,556,287 10,730,492 ' Santa Barbara Stockton 38,588,195 94,344,387 9.6 —14.3 334,001,155 - San Jose Total —11.9 — 8,122,399 San Francisco 9,487,472 —24.0 Washington—Seattle. Grand Total (111 cities) Outside New York *Sotimated. *' tNot included in totals. tNot available. -A 44 COMMERCIAL THE (1020) FINANCIAL & CHRONICLE Monday, September 12, 1949 NOTICES > Foreign Exchange Rates Company and Issue— 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: ' " ' requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies Pursuant to the . CERTIFIED RATES EXCHANGE FOREIGN BY SEPT. 2, TO SEPT. 1949 (Walter E.) 1st & New Country and Monetary Value Unit in New York United States Money In 1st yYYyy/' ":;Y'' Argentina, peso— "regular" products———-. "non regular" products certain industrial products For For For Sept. 3 ——---— - $ Brazil, cruzeiro.. v-j Y .200000* Labor .251247* * .200000* 0* .2000 1st .301166 .301166 Official— Mayer .020.63 New .208535 .004671* .004671* .003024* .003022* .301678 -115691 Free .301678 .301678 .301678 — India, Dominion of, rupee Mexico, peso Zealand, pound— Norway, krone —- —— Philippine Islands, peso Portugal, escudo — ' — JStraits Settlement, dollar... Sweden, krona 3-9o7620 -201580 -497400 -029993 «4672j0 -278223 -233629 4.007a00 4-027500 . ._ ..... Switzerland, franc pound Union of South Africa, "United Kingdom, pound sterling Uruguay, peso... Uruguay, peso Uruguay a peso - •Nominal Ward West .039935 1st 784 Oct 1 103 series D, due 1969-Oct debentures of 1937—Oct 1 884 series A bonds, Service ref. 3% due due 1963 e 1 885 .Oct 1 Oct 1 886 bonds, due 1975_Oct 1 886 1974_„ Co.— collat. trust & Co., Inc., Water and bds., 20-yr. 3% debentures, Light Co.— & 2%% lb-yr. 3'/4 % debs., due 1958_Oct * 1 Co.— 3lU'f* mtge. bds., 1 * ____Oct 15 597 .—Oct 7 * Oct B, 1975__Oct 1 498 Oct 1 402 Oct 1 530 Oct 3 833 1973— -Oct 1 929 Date series Pag* due stock—. . Union (now Baking Texas bonds, due 1971 1st) mtge. bonds, due 1952 5 ¥2 7c debentures, due 1970 Co.. Utilities mortgage Co.— bonds, series A, 3Vi%, due .469265 .278223 .233629 .233629 .233629 4.007500 4.007500 4.0 ,7500 4.027500 4.027695 .658300*t .658300*1" .658300*1 .588223*1" ,588223*t .583223*1 .561799*t .561799*1" .561799*1 .531909*1" .531909*1" .531909*1 ENTIRE ISSUE CALLED Company and Issue— Aetna-Standard Engineering Co., 5% pfd. stock Bemberg Corp. preferred stock, cl. A & B— Associated Telephone & Telegraph Co.— 25-year 5 ¥2 7t debentures, Series A 4 _Sep 30 393 -Oct 14 685 Nov 1 873 first preferred stock-. -Sep 15 Ry. Co., 5% guar, bonds, due 1969 -Oct 1 County Gas Co., Atlantic Highlands, N. J.— 1st mortgage bonds, series A. due 1952 —Oct 1 680 American Butler Water Canadian depends upon type of merchandise. tApplication rate. .201580 .497401) .039923 4.027500 -531909*1 — — .201580 .497400 Day .588223 1 .561799«t —- — peso Uruguay, Light Co.. Co., Power 2nd .201580 Labor Closed bonds, Depot Co.— 1st & ref. mortgage series B 3Vs% 29th Street Towers Corp.— ,497400 .469266 (P.) Paul 4% .278223 5V3% Co.— mortgage 334% (Oscar) Saint .376066 .468433 19 Sound Power & Light Co.— mortgage 4¥4% bonds, due 1972__ Safeway Stores, Inc., 5% preferred stock 3.9878)46 .039907 881 Sep ______ 1st .376044 .278228 880 1 Puget 3.987620 Day -^^OO^t — , .115713 .115713 .115713 1 1958—Oct Pillsbury Mills, Inc., $4 preferred 3.987620 Labor Closed :7. * •"••'r 1954 Terminals Electric Haven Gen. .376044 Netherlands, guilder New .301166 .020060 .004671* 879 ' V . 5% gold debentures, due 3V»% debentures, due i960 mortgage and .208535 .003024* 1 ■ Co., Public 1st .020060 .004671* — — » Electric Co., 1st mtge. 3% bds., due 1974_Oct of America, 3% debentures, due 1965—Oct due mortgage 37c Maine .208535 .003026* (Metropolitan), franc— France Hartford Lorillard .301166 .020060 .208535 stock 394 ref. Louisiana .952963 Pagfl ■ 1 Union and .C54406 1.0*0000 —— —__ 1st .021775 .950000 692 Sep PARTIAL REDEMPTION Gulf, Mobile & Ohio RR.— .022750 1.000000 16 Date Y Oct mortgage .054406 .949375 — — Denmark, krone sv 1 Corp., .022750 Y .054406 1.000000 Ceylon, rupee Czechoslovakia, koruna 1st 398 26 Corp. .021760 .021775 1.000000 .949062 * Free.. Sep __Nov Service Cleveland 3 209*26 .022750 Day .297733* 3.209160 3.209160 Cities Celotex $ . .251247* .251247* Closed $ Canada, dollar— Official stock ' Corp., 5 7c preferred Foundry & Machine Co.— mortgage 5s, Celanese .297733* .297733* .022750 .021812 .054406 — —— — $ .200000* Foreign "bank notes" account. preferred RR.— Viscose Birmingham Sept. 8 Sept. 7 Sept. 6 $ .297733* .251247* Australia, pound—3.209160 Belgium, franc,. Sept. 5 $ Sept. 2 ♦ bonds, due 1972 _Sep 20 Company and Issue— American ' " , 5V2% Page •Vm'.'v bonds, series B, due 1975 " for Cable Transfers Buying Rate Co.. England mortgage 3% Bethlehem Noon Date mortgage series M 3Vi% OF 1930 C INCLUSIVE 1949, 8, Heller Lehigh ' y-/y,v- 7.',' _ r RESERVE BANK TO TREASURY UNDER TARIFF ACT OF FEDERAL 1st and ref. OF TENDER .• :,.i. Central Maine Power Co.— Co., 7% National 491 ___ Distribution in most of the creased Statement of Condition of the 12 Federal increase of other districts; there was a net $40,000,000 at all reporting member banks. 5% "Other loans" increased $51,000,000. dollars) of thousands (in crease $ Gold $ 22,842,429 : fund Redemption for 44,999 + 551,389 certificates. 13,178 929,755 — Total Demand gold ctf. 246,314 115.579 advances. and Discounts 415,406 Bills 3,526,510 5,812 000 Notes —— 194,582 —3,134,147 + S. Govt, securities. U. Total loans a,pd securities.. —3.826 405 110,202 — deposits R. Notes 48 Uncollected Bank of other banks— ' - 1 — — 104,256 items..: 2,196,860 crease — 2 — 136.106 — + 207,098 202 + 4,365 33,593 — 23,411,069 552,163 — + United States Government de¬ ' Demand 8. bank—reserve Treasurer — acct. —3,402,220 138,403 15,995.156 acct. gen. 472.271 — 516,463 — $32,000,000 York in the New York District outside New of City. — 859,036 Foreign 23,330 + 56,170 Other 492.720 + 17,517 + 27.337 summary member of the assets and liabilities of reporting banks follows: Dec Other items 1,946.537 613,670 —2,597,145 81,872 — 9,193 liab., incl. accrued divs. — 668 + 1949* Assets— Loans Sept. 1, 1949 1948 da millions of dollars.) and Investments—Total (55 770 + 649 Loans—net 23,488 + 430 — 42,789.461 — — + 433 — Commercial, loans 174 430 4,240 — to U. Capital Accounts— paid in Surplus 206,987 (Section Surplus Other Other (Section S. capital + 7,717 + 18,522 148.752 accounts 64 642 + accts. 43.639,454 — 552,163 —3.402,220 S. of gold liabilities ances purchased on R. for trial to 0.7% 6.3% + for foreign purchasing carrying: obligations 1.213 + in 33 2,039 4,033 — Condition Statement of Member Ranks The condition statement of ended the weekly reporting member Reserve following System in leading cities principal changes for the vfteek Aug. 31: Increases of $433,000,000 in loans, $193,- (000,000 in holdings of .United States Government rities, $421,000,000 in 23 5 + +3 49 + 265 + 40 + 34 + 51 + 288 37,307 + 193 + 2.593 3,272 + 144 + 1,124 6,380 indebtedness of 4 4,101 securities—Total + + 21 + 2 216 — 1,481 1,119 Reserve vault— with 27 + 26 12.388 Eanks 1 + 4,975 Federal + 26,536 + 47 '732 domestic banks 'I ' + 553 711 29 i 2,079 734 + 16 — 71 88 demand deposits adjusted, and industrial and agricultural 29 3 Arcade 7 Abrasive brokers and dealers States New Government York for purchasing securities or first increased $304,000,000 at all reporting member banks. banks decreased $54,000,000 in New York in of Loans to City but in¬ common—: preferred 3V* — , ($100 par).--—— 84V4 96V*, are week. Then follow we with deposits adjusted deposits, except Government Government S. 46,737 is!290 deposits 2 316 Interbank demand deposits: Domestic banks 8 598 : demand deposit and U. S. during week •Preliminary 11 + 179 4- + — — 100 lj358 Borrowings interbank 319 and company declared. The dividends announced this week are: Per Name accounts, Govt, + 2 g40 + 477 — + 50 533 18,760 . r T ' because of holiday. and common a list of corporate bonds, notes, called for redemption, stocks rnciUQing those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ the the tenders, and the current details volume were page number gives the location in (except where indicated) in which given in the "Chronicle." 50c 25c 10-14 9-20 Insurance Furniture American Hair Co. Co. Y.) (N. preferred — 6% Co. Oil 50c 10- 1 $1.50 10- 1 Inc. —_ 50c . 37 Vic 10- 50c 10- _ Co. Oil Co. (L.i Baumann Co. Y.) — Co., Ltd., class A Borg Laughlin, (George Inc.. $1.30 W.) (quar.) 5% 4 ¥2 7c 10- 1 9-10 9-14 9-16 $1.06 y4 9-12 9- 9-30 9-19 9-30 9-19 25c 10-16 9-24 $1 10- 1 87»/2c 10- 1 I 9-15- 9-15 10-15 9-23 10-15 9-20 132 Vic 10-15 9-20 62 Vic 45c Inc. $1 115c 9-30 9-20 9-29 9-19 10- 1 9-21 10- 1 9-15 131c (quar.) 11- 1 10-10 t$1.25 common Corp. of 11- 1 10-10 Fibre 1)1.12 Vi (quar.)— America, 1st preferred Products Co 60c common (quar.)_— 2nd preferred (quar.) Central 9-10 112 Vac common (quar.) Ltd., 125c 1 Refractories, Ltd.— preferred Celanese 7% , Taggert Bronze, 6 10- 110c Glass, 57c preferred (quar.) Co.— 4— preferred Canadian $4.75 Ltd —-— Associated Bakeries, Flooring Co., Ltd., class B Canada 9-14 9- 37'/2c — Forge Canadian 9-15* 25C (quar.)_ Corporation iquar.i—— (quar.) — Cordage, preferred / 2>/2c common preferred Borg-Warner Corp., common 3 ¥2 7c preferred (ouar.)_ Bralorne Mines, Ltd._. Brantford 9-13 9-30! 135c (quar.)— preferred (quar.) Co. (quar.) Black. Sivalls & Bvyson, $4 25 pfd. convertible 1 9-19 9-19 Ludwig Baumann— Oil & 10-15 10c — 10- 9-19 9-19 ] 10-15 45c $1.40 Bliss $1.50 . 9-29 30c (quar.) (quar.) (quar.) see Lumber Beaver (N. (quar.) 9-29 20c 3 9-19- 1 8c Manhattan the 9- 3 (quar.) pfd. 47c 9-19 9-15- ;. 3 —— Trust 9-30 ;— Inc., 9- 99-15- Y 9-10 10- Inc Houghton Fund B, Inc Baldwin Company. 6fr preferred of 15c 25c (quar.)—. (quar.)_ Products Houghton Fund, 9-20 9-30 50c Co fquar.i— 9-2D 9-30 25c iquar.) 9-12 - 9*12 25c Corp. & Sons, common preferred 1 Co Construction Allied Avon Co., 9-16. 1 10- (quar.)— Anderson-Prichard Axe 10- 25c Co Metal (B F) $1.50 (quar.) com. Derrick Hoist & Press ! . Building Co., Products American American Metal (quar.) Mart Felt & .' 9-16 Express Atlas 9-199-19 1 Quarterly Avery 9-30 9-30 10- American Art 10-31 1 15c Alliance 2nd 9-17 9-15- 9-20 12- 20c American $6 75c 115c 9-30 Manufacturing.. Goods Alumiuum 5% (San Francisco District) (quar.)— Holders When Payable of Rec. Inc Industries. Allen Bishop accounts, _ Below will be found ing pfd. $3 Shoe Stores.—— Alleghcny-Ludlum Steel Corp. (quar.) Bank except 20c ——: Surpass Bankers Redemption Calls and Sinking Fund preferred Share of Company Corporation Affiliated Gas Equipment, ms 179 table in dividend payments in many cases are given name in our "General Corporation Investment News Department" in the week when 433 1 second of past under the Bankline Foreign banks to 421 + a we Brockway total a Co., Inc., 7% show the dividends previously announced, but which have not yet been paid. Further details and rec¬ which Campbell, $270,000,000 City, $30,000,000 in Chicago, and Iron Products, grouped in two separate tables. In the bring together all the dividends announced the we in¬ carrying United 50c 15 DIVIDENDS Loans to loans $21,000,000, largely in New York City. Malleable Dividends Buffalo creased $ per share- ___. Paper Axe secu¬ $477,000,000 in borrowings. Commercial, 217 220 Demand Debits shows 649 + 273 U. of the Federal + 5 445 Time Thanks 304 + 4,185 bonds Balances + 624 Liabilities— — Associates,. 2nd preferred— Corp., common Cheney Bigelow Wire Works, preferred American loans with 1,924 or Other securities indus¬ loans S. — 985 loans certificates; Cash 419 2,522 make obligations ... Government Government Reserve correspondents Commitments + Wednes¬ • Whittall J. Eaton Agnew bills U. 57.3% accept¬ 21 + pur¬ Treasury notes combined... ^Contingent liability for securities Treasury re¬ to deposit and F. serves, note certificate dealers Government Treasury Ratio 2,533 carrying: or estate Other U. Total liabilities & cap. M. Admiral Loans to banks 4.242 + S. and + agricultural Other securities __i Real 27,543 —... and 12,963 brokers loans U. 61 + 466.711 7) 13b) industrial, —— Loans —3.493.101 556,4C6 on STOCKS 50 35 543 Other Capital Shares 607 23,796 chasing liabilities.— Total Transacted by R. L. Bay & Co. in Boston ord or Since (—) Aug. 24, Loans—gross 17,422,662 696 issue. day, Sept. 7, 1949: current —1,821,616 138.074 + deposits Deferred availability this $50,000,000 in the Chicago District; they decreased 717,206 462.515 Total in Borrowings increased $470,000,000 in New York City and Aug. 31, Member 1 deposits credited to domestic banks decreased Deposits: B. 112 Jan Auction Sales $118,000,000 in New York City and the total was Inc. < +) notes Reserve -Oct collateral trust certificates in $179,000,000 Liabilities— Federal 792 $100,000,000. A 43,639 454 increased decrease at all reporting member banks was $179,000,000. 11.539 — 1,825 — 32.625 premises Other assets 15,070 — & 397 -Oct _ 400 $27,000,000, and holdings of adjusted thq Cleveland District. ■ P. _ mortgage bonds, due 1951— Transportation Co.— Rys. 4% 882 .Jan all at 000,000 in the San Francisco District, and $55,000,000 in —4,021,372 525,607 17,529,427 banks...... foreign 89,119 — 1.7.413 310 preferred stock States United City, $64,000,000 in the Chicago District, $62,- 884,661 —1,487,800 5,000 7,775,200 Total Power United posits decreased in nearly all districts; the principal de¬ 146.400 — Steel Co., United 385 — 41,198 + —. 299,600 — Bonds from 13,991 —r 1 .+ 832.173 + 45,839 securities; Govt, Certificates Due + 31,821 — 538 Industrial loans U. S. + — 23,393,818 reserves cash of -Oct -Oct stock- 67,585 New York Other $144,000,000 Co., "other securities" increased $26,000,000. R. F. notes of Holdings Government bonds increased 1948 $ . total a banks. member reporting Co.— 1958 Sept. 8, 1949 1949 and C.) •Announcement (—) since Aug. 31, Sept. 7, Assets— District Cleveland Increase ( + ) or de¬ (F. Scullin Holdings of Treasury bills increased $50,000,000 in the Warehouse Fireproofing Co., 7% preferred stock Mickelberry's Food Products Co., $2.40 pfd. Russell Reserve Banks Combined Terminal mortgage bonds, due General —- 10-15 9-30 9-28 9-16 ».ia* 10- 1 9-16 $1.75 10- 1 9-16 40c 10- 1 9-19 THE Number 4837 170 Volume Share , Hanover Bp.nk L Quarterly Central & Trust Co..'. (N. 4.107e preferred (quar.) preferred, series 4.107c Central A B (quar._ — $1.02 Va Pneumatic Cinzano, Ltd., Tool, 5727c Colonial 50c 5% ____— ____ Ice par tic. Consolidated Consolidated Press, Trust (Boston) __ Maracaibo Continental Cooper-Bessemer $3 fquar.) Copper prior Corp., preferred Industries, Inc.. common (quar.) (quar.)_ Coining,Glass Works, Martel • Steel & » 6%i, Oil (quar.) Crum Miller Clas B . Cuban (quar.) Atlantic class * Sugar 474% preferred Davega Stores 5%> preferred Corp. pfd. District Portland Products, Dominion 70c Foundries Dominion. Square Douglas Dow Drug 7% Co., DuMont .(Allen 5% 1 Steel, B.) Duraloy Company Texas New Howard- Balanced Stock 9-15.... 9-19 preferred 1 1 North 9-30 9-10 10-15 9-30 40c 10- 1 9-19 10- 1 9-19 1272c 9-15 9- 9-15 9- 10-15 9-16 10- 3 9- 35c 10- 1 Corp. 10- 1 9-15 ■; 50c 9-15 i 9- . 9-20 10c __ Class ; class A 4% Francisco Sugar Co. Froedteft Grain & $2.20-preferred 6% $4 preferred 474%" preferred 9-l\ & 9-16 5%, Reliable 11- 1 9-30 1 9-30 11-1 9-30 1 9-19 40c 10- 10- 15c 1 9-30 30c; r' 10-14 9-20 9-23 ; $1272C 30c Rome j . Class 9-19 10- l" 9-15 9-27 7 9-15 10-: 1* 9-17 $1/ $3 10- *,<• 9-14 I 9-30- 9-12 10- 917»c 1, J 9-17. 10- 45c I t 30c 9-20. 9-30 j 9- 9 9-16 . 11- 1, 9-20 9- 9 28</sC. 10- 10-15. 40c-', Vr 8- t$l,7 1 9-19 10- 1 9-19 ' 10- "9-15 -10-,1, $5 (quar.)_ preferred Klein (D. Lambert^ Lerner 472% Liberty S. Emil), 1 9-15 10- 1 9-15 9-30 9-16 Stores preferred Life C.), Quarterly common dividend) (quar.)_ - Co., 1 _i . 9-15 9-12 10- 10- 1 1 10-15 10- 1 (quar.) $1.1272 —- 5C 1 1 1 ;'9-26 9-30 60c 10- 1 10- 1 $1.25 ; 10-15 1 9-20 11-15 10-20 9-12 1 9- 9-15 10- 1 9-15 $1.25 10- 1 9-15 9-30 M. 9-15 ^2% 50c $1.1272 & 9-15 9- . 1 1 1 9-15 1 10-14 1 9-23, $15c 10- 1 9-10 10- 1 9-15; $50C 10- 1 9-13! ; 110c 11- 1 11- 1 10- 20c. $1.1272 10- 1 10- 1 15c 1010- 10- 11- 1 1 9-23 10- 1 9-23 Electric Life Assurance Tennessee 10-18 10- Sun Technicolor, 3 Stock Terry 7% - ; Inc. t ' Gas 10- 1 $1.25 A " 10- 1 $1 40c. 25c $1.0674, $1.18% 1 10- Thermold Company, 2 40c 10- 1 9-16 10-15 25c 9-30 10- 1 9-15 9-30 9-10 9-30 9-10 "'J 10- $2.50 9-15 30c $1.05 10- , 9-14 11-15 10-15 t t30c 11- 10-10 , J53c 10-15 ' ■ 10- / 3 10- 1 ;io- 3 (quar,)—*..— (quar.)— common 10- 1 1 93%o 40c 10-15 75c 1 9-30 1 10- 3 9-22 $1.13 10- 3 9-22 25c 9-15 9- 6 American ' > 9 9-13 6 ' -*9-15 ' 9-14 f 9-15 ' 9- 9-30 9- 8* 10- 1 v 9- 9 1 • (quar.) American Gas preferred • ——I— ' common.*: changed to quar.) — (irreg.)_—- (irreg.) General Insurance 1 9-15 10-14 * 10 1 9- !• tf 9-15* " 10-3 9-15* 10-1 9-i5*; 9-15 9- af 9-15 9- 2 $1.75 9-15 9- 1 9-30 9-15 9-15 9- 1 10- 1 1 9- / 9- 2 10- 2 9-15 9- ; 9- 7 9-15 10-> < 4 , 1 7 9-20- v $!-25 50c 30c : 9-15 9-1 1 9-14 9- 9-15 8-81 ' • Co. 12 10- 7 V2c 9-23 _ '9-16 '10- t 10-10 10c 1-10-50 75c $1.18% 10c . 8-18 ' 9-1 :' '8-19 11-10 (Houston) 9- 2 1 9- 9 9-14 9- 2 9-12 8-31* 1 9-14* 9-12 —— Hardware (quar.) 25c Steamship 750 Co 10- " & Leather Co.— convertible preferred (quar.) Home Products Corp. (monthly) American Ice 9-15 10- 25C American Hide American 9-15 9-29 Corp. (quar.)_ Corp., com. General 9-i6 9-29 1 $175 (N. J.)— t Growers, Inc.- (reduced)____ & Electric Co.— (increased American 9-15 10- 25c was 11-2 10- 10- * name 12- 1 - 30c 37%c 8772c * 25c j.— ______ Lines,'. Inc.- July Fruit 6% Co., non-cum. 75c _ preferred- 10c $1.50 10- 9-30 9- 9 American Insurance Co. (Newark, N. J.)— 45c 1 9- J. 10- 1 10- 1 9-15 10- 1 9-15 10- ^ r American Investment Co. of Illinois— 317ic 5% preference (quar.) 472 % preference (quar.) $1.25 conv preference class A 1 9-15« 10- 4 9-16 25% 11-10 10-14 $2 9-15 8-30 $1.75 9-15 8-30 American 10-15 American 1 10-20 ■> 9-16 9- $1-50 f (quar.)*; common — Temper American 6% (quar.) (quarj)-^ ! Export 10- 11- 1 V 75c 15c $1.30 $1.75 $3 $1.75 40c $1.25 preferred A Fork & Hoe Co., 40C C272C 1010- 40c 9-19 10- 1 U 9-20 $1.50 Co Co., American-Hawaiian 9-17 87 72c 9-16 9-20 75c (quar.)—' Quarterly 9-22 20c 1 ' 9-20 9-20 10- 25c —■ District Telegraph Co. American 9-15 9-30 1 ■' (Del.) — —_______ Common 9-30 10- 9- 1 1 10- J25C (quar.)— common (quar.) Dairies, Inc.» common American 9-20 50c 8 Ltd.— It Cyanamid . 9-15 , 9 10- 75c d40c;<' —— Note, preferred 4%%» *t 9-21 10- 9- 9-15 $1.50 25c 50c 15c Co., common Colortype Co. Common 3 9-21 3 9 1 10- 40c preferred American 10-10 1 .11- 99- , 25c 6272c — Can True 1 12 72C 9-16 1 1 10- 272c (quar.) 1_— Effective 11- 10- 6 10- $1.1272 (quar.) Co. ____— Quarterly *' 1 1 9-18 9- 10- *3 3772c $1.067i (quar,)_! Bemberg, 4 72% American 9-15 10- . 1 Corp.— (quar.) Co. of Canada, Extra 1% 9-30 50c 8-27 13%c 34%c American Car & American 9-15 : 10c (quar.)- (quar.) 2 9- — — Barge Line f$5 $2.50 conv. pfd. 9- 1 9-15 America— of preferred 372% * 1 $2 — N. Y.) common.*.- Corp., Co. American 9-20 1 10-1 10- IOC (quar.) (s-a) Turbine, common (quar.) preferred Steel Equipment Bank American 9-20 25c Co. ———-—--— 1 10- N Corp. Ektra American 10-1 10c 5C (Canada) 10- T com___— preferred American .> 9-17 10-15 ,10- 1 10- Stores American 6% 9-17 1 * ' 40c _7__. Co., Mills Products '. American 9-15 9-24 10- Transmission- dividend Steam Co. 2 50c Co., 7%> preferred (quar.)-^ Foundry Co., com. (annual) 9-30; , 7% preferred (quar.) — 9- 7 American Chain, & Cable Co. com. (quar.) 9- 9 " *'.' 5% preferred (quar.) 9- 9 ; American Cigarette & Cigar Co., common™ 9-16 !6% preferred (quar%)™_*.^ 9-16 9-30 30c * : ; 9-30.,. 9-28 9-30 J20c $ $ 1.75 (quar, Securities—________—- 2 9- $1.25 preferred Quarterly ? t$1.75 — 1 9- — Amalgamated Sugar Co.__ American Agricultural Chemical Co. 9-14 , 10-15 10c . . iZZ — 9- 9-15 4% -preferred (quar.) Amalgamated Leather Cos., Inc.-'— 6% convertible preferred (quar.) 9-14 1 9-15 9-15 6272c (quar.)____—_ _! Inc.____ Aluminum 9-15 10-15 9-15 ' 9-15, : 1 30c IIV2C — (quar.) 10-10 6 9-15 . 10-^. 3 iioc ' S.) $4.50 preferred A 9-17 10-15 Trust & conv. $3.75 10- 9-15 25c Corp., common.. Co., 4.20% pfd. (quar.) ___ Vicksburg Ry. (s-a)__——:—— Allis-Chalmers Mfg. 10- _________ Sterling Drug, Inc., 37a% preferred Sun Chemical Corp., common 9-15 10- Allied 11- 8-19 9-30 10c preferred' (quar.)— "'Aluminum 8 9- 9-12 50c (quar.)__ Co. 9-15 1272c (reduced) com . 20c Company^.—______________ Products. Engineering Co. (quar.)—__ Steel (Greenville, 30c 30c (L. Suburban 10- Stock O. 9-10 \ (quar.) Power & Paper /Allied 8 40C England Telephone Co._____~ Railway Co.— Starrett 1 10- 3c 40c 25c. ' Gas Mills, Allied , 10c Paper 8-23 75c Allianceware/ Inc., Allied $1.25 (quar.),— Service *9-15 Corp.____—_ (Watertown, Corp.— Electric $2.50 f 20c Bag & 1 $$1.25 $25c Allied Chemical & Dye Corp. (quar.)___ Allied Laboratories, Inc. (quar.)__ 9-30 — New Southern 10-25 25C ; 9-23 15c : ' 9- 10- 9-5 83/4(?- O;KCorporation Foods $4.50 Allen 9-20 9-15 (quar.)______ (quar.)_ 10- (initial) Co. (quar.)j., Corp* Engineering ' 9-14 56 7jC 10- 1 t37 7ac Alden's, Inc., common (quar.) 47i% preferred (quar.)____ 9-23 50c 7 10- com. preferred Agricultural Ins. Co. Quarterly Alabama 9-26 10- 87 72C 7 9 9- 10- 5c »' new Manufacturing Allegheny-Ludlum 10- 35c. 9- 10- $25c preferred (quar.) Alabama 9-15 $1 $1.50 Bolder$ When * Ameriqau. Gold & Platinum (s-a)_r— Southern 9-26 40c, —. ($10 par) (accum,) — 5727f conv. preferred *($25 par) (accum.) Akron Canton & Youngstown RR. Co.— 5% preferred (s-a) 9-15 10c ________ D.) 9-16 10- (quar.) 5JA% 'preferred 9-15 9-27 15C _7_—— Gas (quar.) Advance 9-20 9-15 1 Payable of Ree. Share Co., Ltd., common (quar.) convertible Alabama 1 9-23 10- $1 preferred (A. 1 10- week, these being given in the Aluminum Airlines 9-10 io-!,; 62 72c (quar.)______________—_ Southeastern; Public 9-20 10- • 9-20 —___—— class B Southern 9-15 30c 5% 9-14 ——. Corp. Extra*. 10-20 1 10-10 5c — Corp. Aetna-Standard 9-14 10- $1.12 7a — Company, Ltd., cqmmori_______^ (quar.)_. ! ■/ ,(^.) 10- 25c (quar.) this Aetna Casualty & Surety Life Insurance Co 9-15 1 $15c (quar.)_— Oil $2.12 South 9-16 1 3772c (quar.) Insurance (quar.) 9-30 10- 30c (quar.) (stock ,' 5% (quar.)___: Corp., 50C $1.20 —-— preferred Company Company (quar.) (quar.) preferred (quar.) Slater 9-15 9-30 10- (quar.)____— (quar.) 1 9-26 Creek Gold Sinclair $1.50 Co. Aetna 7 + 9-15 1 $$1.12 72 $1 (quar.)_____ 10- 28c Common . $1.50 preferred (quar.)___ Johnson & Johnson (stock dividend) 9- Mines; ?Ltc£—. Sherwin-Williams Co; of Canada, Ltd.— Sheep . 20c — . 9-11 1 $$1.25, Inc-.,; class A Oil & 11- . Company, (J. 5 % 9-15 1 97 7aC common.!— preferred . Shamrock Smith — 1 10- Corp. Shaler.,Company, 2 10- $1' • 8 UOC _ 9-20 9-20 10c , $1272C — 1 9-30 10- 30c 4%% J25c' 10- 10- __ Royalties Management Russell Industries, Ltd.,. common..,—— 7% preferred (quar.) Safeway Stores, Inc.,"common (quar,)—— 5% preferred ;(quar.) San Miguel Brewery____ 7 Sangamo Electric Co. (quar. 7% (quar.) Kelling Nut Co. 6% (quar.) common -'. '/ 9-15 Co.— Castings Aetna Ball & Roller Bearing, 10c Schuster (Ed.) Coqipanyj common (quar.) 474% preferred (quar.) , 9-15 10-15 (quar.)_ 10-10 Electric Steel .'Advance 35C 9-17 50c ,: A " . 9-20 10-15 $35c A (quar.). Addressograph-Multigraph 9-16 1 $25c .Qable Corp., common (quar.)—__— .convertible preferred (quar.) — common (quar.)____ 4% 9-30 Paper preferred Acme 9-16 10- $8%c (quar.)——(quar.) t 9-20 50c (Kan. City) _— Adams 10-1 6c $2 9-15 10-1, 9-29',,: $1.25 ___ com. Stores 9-20 10-15 (quar.)— & Acme 30c —:____—— Corporation, preferred 9-20 10-15 Sugar Refineries, Ltd.— preferred' (quar.) _< Class A partic. preference (quar.).__—_— 9-30 Reymer & Bros..— Riverside Silk Mills, Ltd.— . 9-12 +5c ■ ~ (quar.)r_Ai._._rr__ Gas 10-15 Rothn\oor Corporation, 15c Natural '$12c , participating class A preferred (quar.) 9-19 .7 Robinson Cotton Mills, Ltd.—__———' V, ' Extra. —*— :J:—-9-lG;« Rochester Telephone Corp., common (quar.) 9-16 4%% preferred (quar.) — 9-29 ; 50c- Reece International Minerals <fc Chemical Corp.— Kansas-Nebraska Co., (quar.)_;_l—: Renfrew Textiles, 11- (quar.) com. 9-20 $2 ' Corp. 9-19 1 9-16 9-20 772c International, Metal Industries, Ltd.— Class/A (quar.) Z." !--472%* preferred (quar.) —_— Bakeries 1 10- (quar.)—— Co. 9-20 10-15 5% ' ——7—______ 10- , 4% preferred, (quar.) ____— Inter-City Baking Co. new-com. (Initial).—— $4.80 9-20 10- 15c 30c pfd. (quar.)__ (quar.) Ltd. (quar.)___ Ralston — "preferredjr< quar.)------- Interstate Co. 9-20 (quar.)______ International Ocean Telegraph 10-: 1 12 V2c Power, 10-14 1 1 Acadia-Atlantic ' 10-14 $1 5.% preferred (quar:)_r__^_— Ingprsoll Machine & Tool, Ltd.— 50c participating class A (quar.) preferred 9-20 .— 9-30 1 _ 4% 1% & A- class 10-31 $1.0674 (quar,)- 1 $5 i. $1.12 72 lquar.) (quar.)__ 75c Machine Laboratories $1.50 Power & Light— $1.50 4%' preferred; (quar.)-_L__-,™___-_ 1_ Imperial Tobacco Co. of Great Britain & Ireland American, deposit receipts (interim) Indianapolis Power & Light Co., common. Common 10- Putnam, (George) Imperial Tobacco Co., of„Canada, Ltd.— 4% 9-15 25c preferred 10- A Extra 1 ______—— 10-31 10- 9-19 Company Abitibi Power 10- prior preferred (quar.)—. Fund (Boston! Radio Corp. of America— $3.50 .convertible 1st preferred (quar.)__ 1 9-10 9-30 (accum. announced Abbott 11-10 10-31 $3772c Sulphite .& Paper ,Co.-r(quarl) 10- common (Texas) 11-30 11-15 $1 Co. Purina 9- $1.75 Per 11-10 ' $1.12 72 Puget Sound 9-30 A preceding table. 9-15 (quar.) 9-15 9-15 9-20 9-20 8 1 — (quar.) 15c (quar.)____ 3.6574 pre/erred '(quar.).—_J__ ____ Honolulu Gas Co.,: Ltd.. (quar.) Houston Oil; Co. dends 9-19 9- 10- (quar.) (reduced quar.)_ 10- 10-21 9-17 9-15 Below we give the dividends announced in previous weeks and not yet paid. The list does not include divir; $15c Co. 9-15 10- class Corporation 9-15 30c (quar.) (quar.) preferred non-cum. 9-27 9-30 (quar.)__— preferred Name of (quar.)^—. $1.37 7z Engineering Corp.__l_ J.1 Company, (H. Corp. Lighting Corp., Huron 4% class '67o Development & 9-24 (quar.) Hein-Werner; Corporation Heinz Yolande 11-30 (quar.) Common 9-19 10- $1.12 72 ______ com. (quar.) iNv. Y.) Yates-American 9-16 lC Mining 11-24 Die Corp. (quar.), '_ Wire Co., Ltd.* lquar.)______ Guaranty Trust Co-, 9-15 preferred $2.50 9-15 10c (quar.) Grumman Aircraft 'Port 40c I. Western Insurance Securities 10-1 Acceptance, Mining 12-5 1 t5c (B) 9-19 1 9-30 5 25c 12- Tap J& Greening 1 10- ——— 10- Inc., com... Great Lakes Industries, Inc. (quar.) Great. \Vest Fplt. Co.,. Ltd.-50c Convertible preference" (quar:) V 10- $1.25 $1.40 6272C (quar.) • 25c George Putnam Fund—See Putnam (George) Gibspn Refrigerator Co.. (quar.). Granite! City Steel Co.™_ Greenfield 56V4C (quar.)__——_____ 10- .*. Great American Insurance Co. 3 9-20 Co.-r7 Service Polaris . 9-20 $1.02 7a & Surety Co. Quarterly Western Grocers,;Ltd., 9-19 Co. 15c com. 3 9-15 55c" (Texas) Western Casualty 10-1 50c _____ (quar,) common (quar.) Corp., 12-15 10- 75c General,Public Service $6 pfd. (quar.)___ $5,50 .preferred (quar.) »: General Time 9-16 1 $1.05 9-19 $40c Co. Inc. 6 9-20 10- 25c pfd. 10-1 45c 9- 1 87 V2c (quar.)_-_ 10- 9-15 9-13 10- (quar.)_ class preferred C Works,, "Ltd._________ Leather Plough, 7% 4727o 4.107e 9-19 Co.. preferred Co., 1 9- 1 $25c 1 (quar.)__ 1 ______— 9-16 1 t35c (quar.)____ (reduced). Oil Power preferred B 8 10- 9-15 25c (quar.) , 1 10- 75c (quar.) American preferred Penn. 4.20% 10- :_ 50c General American Investors Co., $4,50 preferred (quar.)*— General West 9-15 9-19 10-15 (quar.) 20c. : (guar.). Ltd. Malting 9-15 9- 9-16 25c (quar.) Corp. - 1 9-30 Philadelphia Suburban Transportation Co.—• 5% preferred (quar.)__— Pittsfield CoaL Gas : (quar.) 9-10 10- 25C * 6% preferred (quar.) Foundation Co. of Canada, 9-24 9- 10-14 1 50c Electric Co., 20c (quar.) Portland Woolen Mills, Inc„" '6% pfd.'(quar.) Pratt' & Lambert, Inc.———' ~Pressed Steel Car, 472%- preferred A (quar.) Progress Laundry Co ' (quar.) (quar.)' Penn. 9-15 preferred 47a% 9-13 9-15 7.12 7ac, (quar.)__* ^ Dairies. Inc., com. conv. pfd. (quar.) West 60c _______ com. $4.50 pfd Pennsylvania Power & Light— 9-15 9-24 50c (year-end) 5% ; Pacific 6 $2 (quar.) (quarl) B 9 8 11-15 1 10- 15o 9- 9- 1 11- $$1.25 9-28 Light, Heat & power Co., Ltd.— Common , 9-19 9-30 , 20c- Foremost Public 3.90% 9 $3 Forbes & Wallace Ohio pfd. conv. (quar.) Webster-Chicago 1 Light Candy preferred 9 10- 12- 30c $2 (quar.)—r 9- 1 Oil, Ltd., Scotia Nutrine „ 9-15 $1 t26c 25c A Nova 9-23 ' 1 Co. Northwestern Ottawa 25c Class North .Star 2 $2.50 File 10-15 (quar.) Victor Chemipal Works, commqn 372% preferred (quar.)_T; Washburn "Wire Co. .(quar.) : 10- Cooker American 9-21 17 V2c Inc. common 9-28 $1.0674 — • 2 25c I Shce_Go., class B 9-30 10- Bearing Trust Nicholson 9-15 $1 (quar.) Publishing Springfield York 9-15 Fidelity. Fund, Inc. First 9-19 25c (quar.) — 6% conv. pfd. (s-a) Brunswick Telephone Co., Ltd. (quar.) 9-24 & Company (quar.) Felt & Tarrant Mfg. Co. (reduced)-. Food Machinery & Chemical Corp.________ Florsheim 9-27 3 10-15 10- Pressure 9-24 +25c % (quar.)_____. Pennsylvania 10-11 10- 20c Radiator New 9-30 (quar.) com. 75c England Gas & Electric Association— 47?% convertible preferred (quar.) 9-15 Fear, (Fred) of 5% 20c Enterprises, Ltd., 5c Stamping, New Ltd.— preferred (quar. Co. 9-20 %— National 9-15 10- 1272C (quar.) common European & North American Ry. Co. (s-a)_ Fairmont Foods Co., common_'______,_ Stream 10-15 20c Oil, Motor 10c preferred (quar.) __1 Manufacturing Co. (quar.)___ Extra". !__ 4.16%" Viau, (quar.)- National j. 9-12 10- 4% Co., 9-20 50c _____ 20c Ero H.) -3 60c Co., Ltd., common—— preference (quar.) National 9-15 t5c Fund Corp., Ltd. (quar.) Empire Brass Mfg., Ltd., class A (T. 10 New Ecuadorian Estabrooks Valc^r Grocers National 9-15 25c Fund______ Endicott, Johnson Corp., 9-15 $1.05 Aluminate National tlOc Howard Finance 1 ioc; •' & 9-30 lc National Ltd.— & & Diablo 25c ___. (initial) Eaton 9-30 1 Investors Co.; (quar.) 25c <quar.)__. (quar.)____ Eaton Field Mount 1 9-21 $1.25 25c Tobacco . (quar.) Utility Appliance Corp. $1 10- preferred prior Plan $1.50 Extra 4% $2.50 9-21 9-30 8%.! preferred 15c (quar.) (quar.) 9-15 9-30 $1.50 , Corp. Morgan Engineering 25c Machine, common 10-15 40c Corp. Locomotive Morris 10- (quar.) Co. Leaf 10- 9-10 9-30 Insurance. Co., Universal 9-30 10-15 Inc Sulphur Washing Universal 9-20 $25C — Utilities, Co., preferred Montu'eal 9-29 ' common — 9-30 _____ ___™ Duriron"Company, 1 preferred 9-20 20c Petroleum $4.20 convertible 1 (quar.)_ Fuel 70c 1 12 V2c 9-30 20c (quar.)— 33%C (quar.) (quar.)_ pfd. , (quar.) River preferred 20c 57c 1 9-20 $1.12 V2 preferred- International.Securities Corp.— $5 1st preferred (quar.) United Stockyards Corp.—- 10-15 _ 5 10- 10- & 10- — Co., 2nd 10- (quar.)__— 1 10- Ltd preferred International (quar.) Co. Extra 9-10 10- quar.)__ (quar.) Ltd. Mfg. $6 U. S. partic. Foreign Securities Corp.— preferred (quar.)____ 20c lc Montana-Dakota 9-20 (quar.) preferred (quar.)_ Laboratories, Inc.— convertible Easy 10- Co. Dunhill Duval series A_!__ (increased Corp.. Lomason & 1 9-20 preferred & 1 10- .*._ Cement ^Theatres Corp. Doeskin 10- ^ (quar.) Dewey & Almy Chemical Co Diamond A Mohawk Y.) Machine 10- 1 15c 1st 25c (quar.)r 1 10-15 $1 : 25c , — Mississippi i quar.) Manufacturing Co, Delta, Electric Co.-(quar.) Deposited Bank Shares (N. 9-16 (quar,) (increased) J. Y.— Decker 9-29 Manufacturing Co., common—— iquar.)___ N. of $1.25 ----- Company, common..! 4 7?% convertible preferred (quar.)__— Minnesota Power & Light, 5% pfd. (quar.)_ 1_. (quar.)_ 9-20 Miller-Wohl (quar.) Extra 5% Cudahy Packing, 4V2% 9-30 9-30 Co Corp. Class com. 10-15 common preferred Extra Alquar.) _ Co., 9-30 25c (quar.): McQuary-Norris Medford Securities, Corp., preferred preferred;series 1945 & 1947 (quar.) Crum & Forster, common (quar.) 8% preferred (quar.) Forster 9-30 10-15 10c Y.) Exploration Corp. Corp. S. & 80c (N. McAleer Manufacturing Co., 372 7? & Co. Calculating Mills Mascot . ___ common 10-15 (reduced) Trust Oil Marchant U. 31ViC — 11- 25c (quar.) Fund__ Non-cumulative 8 45c Co. Midland Marine _ 9- $1.25 (quar.) Manufacturers (quar.) 9-16 $4.50 , Sugar Income Holders United National Corp.— 9-30 9-15 (Ky.j — Co. Manati Retail Stores, common (quar.)_ 4V4% preferred (quar.) Continental Baking Co., common (quar.). preferred 9-19 — Consolidated $5.50 1 10- 50c 9-28 ___________ Ltd., class A United — (quar,) Investment 9-19 : Y.) (N. 45 Payable of Rec. 50c >. — " Udylite 50c 9-30 _____ 10-1 10c Publications, Inc., common_____ ; $1.50 participating preferred— Mading- Drug Stores, common (quar,)— 55c preferred (quar.) Mailman Corp., Ltd (quar.)_ Participating ± Consolidated Cigar Corp. 40c Macfadden —_ common......-.,. preferred Corp. (quar.)_ Underwriters Trust Co. — preferred (quar.)..;..—_______ j 5% preferred ($25 par) (quar.) Ludwig Bauman & Co. > (quar.) _______ Lynn Gas & Electric (quar.) _ Company, common— preferred B (quar.)—____— $6 Common common....—,. Electric & (quar.) 9-10 9-16 — Cement-".. Company 9-19 When Share, • * 10-1 Corp.__„_—T___—— Portland Louisville Gas A__„__. Columbia Baking Co., Aircraft Longhorn (quar.) preferred (s-a)______ Clopay; Corp., -class u_— Lockheed preferred Trane Company 72C 17 J.), Inc., 6 7o pfd. (quar.) _ Chain (quar,),—_ Extra Vermont Public Service— convertible Name of 37 72C (quar.) (Thomas Locket; Steel preferred (quar.) Chapman. Valve Mfg. (quar.)__ $3 preferred Lipton 4.15% Chicago 7% ♦ 32 %c . $1.02 V2 series Per Payable of Rec.; Lindsay Lightt & Chemical Co.— com., (quar.) (1021) -: Holders When Share1 Namfifif Company, .7, $1 & Gas, FINANCIAL CHRONICLE Per Payable of Rec. Y.)— ; Illinois Electric COMMERCIAL^ & Holders When Per Name of Company Central i American (quar.) Locomotive Co., common 7 % : preferred (quar.) American Machine & Foundry Co.— 3.90% preferred (qilar.) Metal Co.," 47a % Meter Co * preferred (quar.) 28Vic 317«c 35c 9-15 9-14*- $1.75 10- 1 10- 1 9772c $1.12% 10-15 12- 1 11-21 $! 9-15 8-1S 9-14*; 9-30 American (bi-monthly) Co, News k A B preferred A <4 preferred $5 9- 1 37 %C 9-15 1 5%% 37 %C 9-15 9- 1 Bridgeport $1 9-15 9- 1 (quar.) $6 pfd. (accum.) Radiator American Corp., & Snuff 1 9- 10- 1 9- 50c 1 9- 10- 1 9- 8 7 % preferred $4 American Smelting Co. Cotton Common G% Arkansas 9- 1 British 10a 9-15 8- 1 6% 1st 6% 2nd preferred 10- 6 50c 9-29 9- 6 9-22 9- 2 4Va% Cork preferred Armstrong (quar.)— Class B 4%% (quar.) common 9-15 9-30 9-15 Buffalo :> 62 %c 9-15 8-15 Building $1.12% 10-15 9-15 1 9-16 J 30c 9-30 9- J15C 1010- 1 10-15 9-12 10- $1 1 C. 8-22 $3 5 (N. of Y.) 9-30 9-16 9-15 „-19 $12%c 9-15 5% 8-19 tl5c 10- 1 9-15; 10- 1 9-15 30c 0-22 1 15c 9-15 9- 10c 0-30 9-15 - Corp.- — ■ (quar.) Mills, Common (monthly) Common (monthly) Common (monthly) Common (monthly) Common (monthly) Common (monthly) Common (monthly) Common (monthly) *4.50 preferred (quar.) 1 25c 10- 9- 183/4C 10- 9-20 (quar.) A • 2 Avondale $4.50 preferred Collieries Babbitt (B. T.), Babcock & Wilcox 4c (Joseph) Bank Extra Barber of Basic Canada, 3 Beatrice 3%% Bcatty Beau 7 % Ties, Packing preferred Bell Co. (quar.) non-cum $1.75 9-16 __ 1 9-15 10- 1 9-28 9- Canadian $1 1 Canadian 9- 9* 1 9- 9* 9-21 $1 10- 1 9-15 $1 9-12 8-26 4V2% 1 1 1 9-15 12y2C 10- 50c „ i.1 9-13 40c _ 1 9-26 9- 9-14 Class 8-29 Canadian 7% Ltd., common 10- 1 8-31 Canadian 115c 10- 1 9-15 Canadian Motor . preferred Loan, 9-15 Common 10-15 9-15 Common 9-15 8-15 9-30 9-10 9-30 9-15 8iy.c Hill pref. Cement (quar.) 9-30 9-30 $1 50c — II- 1 9-15 Canadian preferred preferred preferred Pacific Silk Products Co.— 10- 1 9-20 Canadian $1.75 10- 1 9- 2 Canadian 50C )" (quar.)_L—"HI 6% 10- preferred (quar.) 9-15 Cannon 9-30 9-15 Class 9-30 9-15 50c 9-26 9-12 . 30c . 9-23 9- $1.50 .' 9-30 9-26 75c 9-15 9- $1.37 y2 50C 25c 10- 1 9-14 10- 1 9 7 9-15 9-7 9-16 $1.50 A Ry. Co., (quar.) Westinghouse Co., Ltd. Mills (quar.) Co., common B (quar.) preferred Carnation Co., 1st I common preferred (quar.) —— (quar.) Carey, Baxter & Kennedy, Inc. 1 9-15 10- 1 9-15 Carpenter Steel Co. (quar.) 9- 9-30 9-15 10-22 9-17 25c 75c Co. Co. Corp. Clark Controller Clark 8-25 Equipment 5% 9-15 M Cleveland-Cliffs $4.50 9-10* $4.50 9-15 9- 9 11- 1 1 1 Climax 9-15 0-1 9-15 9- Clinton 9-10 9- Cluett 1 8-15 -9-15 9-30 9-12 30c 9-10 Coal 12-15 9-30 9- 6 25c Class B 9-15 9 3 " 9-15 9- 3 $1.12'/2 10- 1 40c $1.25 9-13 9- I 9-13 9- 1 25c 9-14 9- 1 *■ $2 9-16 9- 6 10c 9-30 9-15 (quar.) com (reduced) Gas A & 25c 9-26 9-12 20c 10- 1 9-16 50c 9-26 9-12 10- 1 9-16 $1.75 $1 Electric !___ 25c 30c (quar.) International 9-20 Cochran 1 0-15 10- 1 9- 9 10- 1 9- Colonial 9 9- Commercial 8-10 9-20 Insurance Co. America of 1- 3.60% Credit Co., preferred 10- 1 9-15* Commercial 10- 1 9-15* — Quarterly 9-15 Commonwealth 8-29 Investment Life 1 9-~i 10- 1 9- 10- 1 1 9-15 9-30 9-23 10-15 9-23 9-15 8-31 9-15 8-31 • 10- 8-31 10- 9- 10- 9-9 10- 9- 9 10- 9- 9 0- 9 1 . 9 9- 9 9-30 9- 9 9-30 9- 9 10- 1 9- 2 10- 1 9- 2 10- « " 1- & Southern ; $6 preferred Community Public Service Shoe Conde (Ky.) Confederation Co 7% class Common Co. preferred 9-15 75c 70c - (quar.) Y.)— . (quar.) Baltimore, preferred B (quar.) preferred 1 8-31 Consolidated 10- 1 8-31 10- 1 8-31 Consumers Company, 10- 1 9-15 Consumers Gas Power $4.50 $20c $17y2c $$1.75 9-15 10-31 9-30 10-15 9-15 9-28 9-14 12-15 11-25 Co. 1:"\* 9-15' 1 Co. 8-18 (quar.) 25c 9-30 9-15 9-30 9-15 $50c 62Vic 25c 9-30 8-30 9-15 8-31 9-15 8-31 ',f: Ltd Co., ' , , (quar.) $1.12% 10- 1 $1.13 10- $$1.25 $$2 $50c 10- 1 10- 1 10- 1 9-1 5% 9-1 8-22 Foundry preferred Continental Gin 9-15 Copper 9 9-12 10- 1 10- 1 37%c 50c 12- 1 93%c 25c 10- 9- 9 : 9-15 1 $2 9-23 10- 1 $1 11- 1 50c 9-13 11-18 9- 6 9-23 10-20 9- :' Range Cosden The common (quar.) Crane L.), of 2 'I. 1 9-16 10-. 1 9-19 10- 1 10- 1 $1.12 y Corp Co., 5% 12-15 20c 9-12 8-19 10-15 9-23 $1.66% 9-12 9- 3 $10c ,10- 1 9-15 j " conv. Ltd. pfd (quar.) America, 9-15 1-3-50 9-15 common Corp., 9-15 . $1.13 25c $1.3iy4 : 9- 1 y . Company, common (quar.) preferred (quar.) Creameries 9... 10- V 50c — ! Petroleum 9-15 •. $1.25 above payment clears all arrears. (R. \ 40c 933Ac (quar.) • 9-26 9- 9 9-15 9- 1 25c 9-30 9-10 $1.50 Inc. 10- 1 9-20 30c 9-24 9-14 25c 10- 1 - 8 9-15 9- * Cornell-Dubilier Electric Corp.-— $5.25 preferred A (quar.) 9-23 9-12 Machine-** 9-15* 9-12 40c Co., Steel I 9-30 10c preferred 10- 1 9- & 8-25* 10- 10c Co preferred Continental 1 Fibre yv 9 9-9 -9-15 9-15 933/+c Corp.__™^ 9- 1 9-30 30c 25c ._v: (quar.) 4%%. 9-1 10- (quar.)_ (quar.) 10- 1 10- 1 10- 1 (quar.) Commercial 9-15 9-15 com. Mfg. Assurance' Co. Common 2 9-15 10- $2.50 pfd. (quar.) (Reading, Pa.)— Continental-Diamond 9-1 9- ^ 10- Can Co., common" (interim) preferred (quar.) 10- 1 9- 2 $1.25 Corp., Lithograph preferred Continental 9-12 9-12 10- 1 10- 7, 15c Continental Continental $4.52 Continental 8-12 1 (quar.)_.™ (quar.) preferred 1 8-25 11- $1 * ; Utilities Corp. Grocers Consolidated 9-261 9-15 $1.12% (quar.) C preferred 9-26 ; 90c Light & Power common (quar.) 10- 9-15 * 9-12 1 Electric of 4Vi% 1 6 !. 9-30 10- 1 10c : 9- 9-20 10- $1.25 Co. 9-10 9- 1 5c Gas Consolidated Gas 5% \ 40c (quar.) 10- 9-2' 10- 1 25c Extra Consolidated 4% • f'; 10c - ' Engineering 8-31 9-9 $$2 , $3.50 (N. 9-15 10- 1 37V2c (quar.) Consolidated V 8-25 25c (s-a)™ Edison 9-12 9-14 9- 9 15c v I (accum.)__ Dry Goods Co., com. Consolidated $5 A 9 9-30 9-15 ; Life preferred 6 9- y 9-15 9-15 9-15 50c - ^_™ Asociation (Toronto) (quar.). i Connecticut Light & Power Connohio, Inc., 40c preferred (quar. Consolidated Cement Corp.— $1.40 9- 9-24 ' . $1.50 Congoleum-Nairn Consolidated 9-15 9- 6 — (Del.)— Machinery Corp.__ Publications, Inc. (quar.) Nast 8-31 10- Co. Corp. 1 10- 1 , 6c i.~^':<;15c Commonwealth Compo 9-30 Insurance . 37'/2c { (Del.) Quarterly 9-15 10- 10- Co. 1 Crompton <fe 6% Knowles Loom Works preferred (quar.) Crowell-Collier Crown Class Publishing Cork International A r 0-15 9-15 9-30 9-30 • 25c Corp.^_-^_„_l__+. Solvents Commonwealth 9-2 9-12 Co.— ' Commercial 8-25 ,9-15 Shearing & Stamping 9 10- 90c 90c ' (quar.) 1 9-29 10- 1.; 10- 1 25c . (quar.)__ common 9- $1 25c 12lAc ' — 9- 8-26 9-13 9-30 $1 • & Iron Corp. (quar.) Baking Co., common .(quar.)50c participating preferred (quar.),; Participating 9-12 9-15 .ir9-12 Fuel Columbia ? { '' 9-20 Life Colorado 10- (quar.)_ (quar.)_ 9-10 9-12 1 15c Company, Inc., 4»A% pfd. Colgate-Palmolive-Peet, $3.50 pfd. 9-16 9-30 10- 1 53V«c 87'/2c i. Coleman 9-30 9-16 10- $1 $7.50 Corp (quar.) 9-16 9-30 ~ Company Coca-Cola Co. 10-1 Co.— (quar.)_ Coca-Cola Foil 9-9 (quar.) 9-20 1 8-26 $1.12*/2 common 8-31" 10- , (Monthly) (interim) Inc. 8-31 , 8-26 12-31 (quar.) Corp. 9-15 1 9- 6 4% (quar.)_ common Co. 9-15 10- 9-15 ' 9-15 dividend) (quar.) preferred (quar.) preferred 9-14 50c 8-26 9-26 50c Co., Mills Industries, 2nd 9-26 ^ 9-14 $1.25 (quar.) Worsted Counties 6 10- 1 9-19 10- 1 $1.37'/2 62»/2c (quar.) preferred 4% Coast 9- Illuminating Co. Peabody & Co., 7% 1 9- 6 $1 (quar.) common Molybdenum Clinchfield 9-15 9-20 9-15 8-22-' (quar.) (quar.)__. preferred Cleveland 9-15 10- 9-15 10- 1 Cleveland 10-14 10- 9- 8 ' $48 50c Graphite Bronze Co., preferred (quar.) Quarries (reduced) 5% 10-14 „ $1.25 pfd. Cleveland , 9-20 j 9-20 Supply Electric 9-15 9-20 (quar.) Iron preferred Cleveland 8-26 9-15 10- 1 ' $1.75 4% (quar.) Corp. (stock Clary Multiplier Cleveland Builders 9-15 35c (increased) preferred (quar.) Co., 2 25c 5%% Co. preferred , 8-15 9- Investing 7 9-30 9-30 $1.25 (quar.) Products 9-7 $1.75 com. Electric, 9-22 10- $1.50 33A % (quar.) 10- 8-31 & City 10-7 75c 50c 37 Vic 9-30 Service Crain (quar.) Carolina Telephone & Telegraph (quar.) Carpenter Paper Co., 4% pfd. (quar.) $2 9-10 Cities Gas 1 75c Capital Transit Co Capwell, Sullivan & Furth, 33A% Cincinnati 1 11- 2 $37y2c 75c — 1 9-23 7% preferred (quar.)___*. Chrysler Corporation 9-1 Wirebound Boxes, Ltd.— class A 9- 2 * (quar.) Co., 10- —$37'Ac (quar.)_ $50c Capital Administration Ltd.— $3 preferred A (quar.) 6% 9- 0-15* - , 9-23 30c (quar.) (quar.) Christiana Securities Oil Cotton 4%% ordinary 3iy4c IIIII 9-20 9-30 12y2c III™ (quar.) Ill pfd. (quarl) II (quar.) 1 25c (quar.) ■>Albany RR preferred class — (quar.) Canadian Canadian 50c (quar i 9-30 Products 9-20 7 9-15 10c Lumber Co. Chickasha 10- 9-15 10- 1 11-1 preferred $$1 9-15 $1.50 & 9-20 6 9-15 1 2'/2c Chicago Towel Co., common 7% preferred (quar.) y (quar.) 8% 8-19 9-13 10- 1 10- 1 75c 87V2c 50c — iquar.)__ (quar.) Rock Island & Pacific RR., com.__ series A (quar.) Chicago & Southern Airlines, Inc. (resumed) 5% - (quar.)— 10- 45c 9 9-13 25c (Consol.) 9-13 10- 2-2-50 $183Ac $25c $$1.12y2 Cos., Ltd.— 10-20 Co. common Bryson, Inc. Oil 5% • $50c $3iy4c $25c $5c $15c $10c $35c $25c $433/4c $70c $30c Y.) Chicago, 1 9-20 "A% 50c (N. Chicago Rivet & Machine Co. 8-15 ' *" 9- 8-31 Extra $15c — 4% ; 10-14 $3.75 (quar.) 37V2C ___ conv. Ltd Ltd.— Co., (quar.)— .•L Chesebrough Mfg. Co. $15c 1 I10c, 9-14 1 9-15 9-12 10- 1 (quar.)_ Cherry Rivet Co. (quar.) Chesapeake & Ohio Ry., common "3V2% conv. preferred (quar.) Co. I 9-15 25c 8-22 $$1 (quar.) common Lamp Co., 150c common™I™ Ltd., Ingersoll-Rand 10- * J 10c 1 $1.12y2 25c (quar.) & Trust 10- 10c 9-14 9-14 1 S 9-14 (quar.) (quar.) $4.50 pfd. conv. pfd. A 5% B Bank 99- Corp Chemical Consumers (quar.) 50c — Co., preferred 9- 2 v 9-15 10-15 $1.12'/2 8-31 $$2 Co. (quar.) Industries, 10- I (quar.) (quar.)— Corp., 7% pfd. 5% A Candy 5% 8-31 Ltd— Corp., ^ 125c Tobacco Co., Jkitany Mills, Foreign General, Electric (quar.) Canadian Ice Machine Co., Ltd.— 8-31 Chase 10-17 9-10 ? 15c America of 50c common-—,- (quar.)— Investment Reduced 25c & A Co. V 15c (quar.) Investment Store 9-20 9- 2 9-20 10c (quar.)_ com. 9-10 .v • 1 (quar.) Corp., 9-ia,< ^ — — Inc. Champion Paper & Fibre, 9-16 9* 1 $25c Ltd., Products, (quar.) preferred Canadian 1 Chain 75c —— Co Products preferred 4%% 9-30 10-7 10-15 10- — (quar.) Electric Century 8-25 10-28 10-28 9-15 10- 1 9-15 9-15 9-15 10- 1 $25c Class preferred Co. ; Food l$l.50 1 Certain-Teed Ltd.— Co., Common 9-14 10- (quar.)— common Dock & Common Canadian 9-14 10- (quar.) Dredge Canadian 10- 125c — (quar.) preferred 3 84 % C (quar.)— common Cottons, Ltd., preferred (quar.) 6% 9-15 Celanese, Ltd., preferred 10- (quar.)- preference Participating 10- r conv. Canadian (H. prior 60c 8-31 10- (quar.) Ltd. Canners, Ltd., common (quar.)— 1st preference (quar.)——__——— Participating 9-10 • • — —.—— 5% $$1.75 Book-of-the-Month Club €% 1 50c — C.) Co., common (resumed) 5%% prior preferred (quar.)_ Bond Stores, Inc. (quar.) ; II™ , 10- & ( Canadian 9-10 8-31 ; Black, Sivalls & 1 9-10 1 —— Insurance .j.— Breweries, 9-15 convertible preferred (quar.) Black & Decker Mfg. Co. (quar.) Boston 10- 1 10- Life States —-— $50c Canadian 9-15 5% Bohack 9-12 10- (quar.) com B 6 — (quar.) (quar.) Bibb Manufacturing Co. Biugham-Herbrand Corp., Bloch Bros. Class 9- — Canada $2 Limestone & Extra 10-20 1 75c (quar.) Mines, Ltd (quar.) Hedges, 4% preferred Bethlehem Steel 1 3 9-15 (quar.) common preferred (quar.) preferred (quar.) Bessemer 10- 9- Co., — 50c pfd. Utilities — $i.i2y2 Hosiery Co., Quebec & 9-16 9- 12-13 . $1 Campbell (A. S.) Company, com. (quar.)— 25c $2.50 preferred (quar.) ———62 y2c Camden Refrigerating & Terminals Co.— 5% preferred (s-a) $2.50 Camden Forge Co., 5!4% conv. pfd. (quar.) 34%c Canada Bread Co., Ltd.— 4y2% 1st preferred (quar.) t$1.12y2 ■" 5% preference B (quar.)— $62y2c Canada Cement Co., Ltd.— ^5' ; $1.30 preference (quar.) $32 V2C Canada Crushed Stone, Ltd $15c Canada Dry Ginger Ale, common * 15c $4.25 preferred (quar.) $1.06'A ",Canada Foils, Ltd; (initial)—— $10c Canada Foundries & Forglngs, Ltd.— i Class A (quar.) $37!/2c Canada Malting Co., Ltd.— $50c Canada Packers, Ltd., class A (s-a) $75c Class B (s-a) $25c Canada Permanent Mortgage Corp. $$2 I Canada Starch Co., Ltd.— 7% non-cum; preferred $$3.50 Canada Steamship Lines, Ltd. (s-a) * $50c Canada Wire & Cable, Ltd., Class A (quar.) $$1 125C $3.25 $4 1 — (quar.) (semi-annual) 6 (quar.)_ Bendix Aviation Corp. Beneficial Industrial Benson 10- 1-2-50 63c 75c 28c 28c ^ 75c 60c • 25c 27'/2c 50c preferred (quar.) Inc. (quar.) Co., Special 9- (quar.)_ (quar.); Telephone Co. of Belleterre 9 9-10 Co. 9-15 — 4% Inc. Ink (s-a) preferred 125C (quar.) & preferred 9- 12y2C common common Bclding-Corticelll, Ltd., 5% 1 0-24 75c preferred Ltd.__. Beech Creek RR. Co. Belgium Glove 10- 20c Co., Brummell convertible 12 %C (quar.)— convertible Brothers, Bccch-Nut $1 $1.06 Inc Foods 9 $1 (quar.) (quar.)_ Corp Works Cigars 0- 40 c (quar.)_ Bausch & Lomb Opt. Co., Bayuk 1 50c preferred Iron 10- $1.75 (quar.) Ltd. Manufacturing Co., 4%% 1-15 $1.25 Corp Bastian-Blessing Co. Bath 10-15 9-23 25c . —— Inc. (quar.) preferred convertible 12 Vac Refractories, Bates 1 10-10 $%e ' Oil 11- 2-1-50 |V«o Extra Barber 4-15 37 %c — Ellis 3-15 1-50 30c - _ Building & Equipment I-50 25c , (quar.) 2-15 $1.12 ; & Sons Co preferred 1-15 1-50 $1.12 . Bangor & Aroostook RR. Co., 5% pfd. (quar.) Bangor Hydro-Electric Co. common (quar.) 7% preferred (quar.) 4% preferred (quar.) L, 4%% 1-50 4c (quar.) Bancroft 11-15 12-15 4c •• , (quar.) preferred 10-15 1 1-50 4c - preferred 1 12- 4c Co. 1% 11- 4c 9-15 4c (quar.) Corp. (quar.)_ Inc. (quar.) 7% 1 4C :-v, - Baldwin Company (quar.)— Baltimore Porcelain Steel Corp.— • 10- ' Cent»ry Ribbon Mills, 8-25 Co., (quar.) preferred (quar.)California Water Service (quar.) — Automobile Insurance Co. of Hartford Ayshire Power a2% % $5c (quar.) California-Western Delaware- (quar.)—-(quar.)— 5'/2% , quarterly Products Electric preferred 5y2% 7% Edmonton Corp., Ltd. & preferred California *10c Co. Corp. California-Pacific 110c $12c $1.75 $1.75 $25c 25c 75c (quar.) (Holding), Ltd.— preference (s-a) 5.60% 8-26 56 %C 9-15 9-10 6% 8-30 Wireless $2.50 10- 1 9-20 & Calgary 11- Bldgs. Co., $30c ; — Co., Ltd.. Class A Financial T. 5'/2% ' 5 40c I. Cable California 10- $30c (participating) Byers (A. M.) Company 8-15 9-15 933Ac pref. 9-23 11-1 9-15 9-15 -9-15 10-15 '> 10- 1 9-30 9-14 (quar.) City (quar.) Dry Dock 9-16 $1 — ' 1 50c — — pfd. (accum.) Butler Water Co. 7% preferred ; Butterfly Hosiery Co., Ltd., com. (quar.) 9-16 $1 — Automatic Fire Alarm Class 9-30 30c (quar.) Alarm Steel 9- A B Bush Terminal 8-29 9-15 75c pfd. (quar.) common (quar.). (quar.) (quar.) Fire Automatic 8-29 9-15 9-15 10- 1 10- 1 8-30 Ltd.— Class 9-10 30c Co. 9-16 .. . $1 30c' (quar.)_ common 6% 9-15 10- 1 9-15 25c $20c * 10- 1 Central 9-15 75c ? 9- 1 87'/2c preferred 3.50% 8-30 8-30 Molded —___ ' 1 9-30 " 9-17 Mill 90c 9-2 9- 9-30 9-30 10- 1 (quar.) Co., Power Chicago $40c 25c 9-2 preferred (quar.)_ $1.50 Paper Co. common (quar.)___—15c Central Steel & Wire, common (quar.) 25c 8-30 10- 1 10-1 10- 1 10- 1 9-30 10-1 9-12 10- 1 9-12.1 9-15 $1.12 Vi Service Public Maine Chicago (quar.) (quar.)— (quar.)— Class 8 30c Electric Service Co., Ltd., common Class A (quar.) 1 Auto Fabrics Products Co., Ltd.— Initial v pfd, 3.60% Ltd. Company Burrard , 9-10 1 — Auto B Products, & Burns 9-10 4% preferred B Corporation (quar.) Imperial Engine Co.—- A 9-16 1 9-26 quar.) 3.75% Class 1 10- 10- 7 10- 7 10- 7 10- 7 10- 7 10-7 Illinois preferred 8-15 d40c d$l.75 Burgess Battery Co Burlington Steel, Ltd. (quar.) 9-16 10- , Refining Co., preferred A (quar.) Class 9- 9-15 10- .1 12 %c . -—— (quar.) RR Corp., preferred Niagara Electric, Bullard 1 59 %C (quar.)—— (increased City Electric Co. Automatic 9-15 25c Central Central 8-15 $1.25 20c 9-30 Bulova Watch Co. Co. Atlantic preferred (quar.) Pipe Line 15C (quar.)—— 6 25c Buckeye 9- 9- 8-30 9- 9-12 10- 1 9-30 25c (quar.) preferred 9-15 (quar.) com. Bucyrus-Erie Co., common 7% preferred (quar.) , 10-1 4x/i % $7'/2c Co. (monthly) 9-30 9-15 9-20 10- 1 10- 1 50c Hollywood Building Light Co.— 6 10- 1 11- 1 9-14 9-14 9-13 10- 1 10- 1 10- 1 10-31 10-15 10- 1 10- 1 10- 1 Illinois 9-15 ' —J. 20c Refining common (quar.) preferred (quar.) Line $5 (quar.) (quar.)___ A 9-15 $1 Coast Extra class Brunswick-Balke-Collender 1 — (quar.) 8-31 *40c Investment A 9- 9-15 10- Central 1 pfd 5% Co Storage $7'/2c Ltd. B 1 Corp. fieries 8-15 Mills, Class 9-15 (quar.) (quar.) A Atlantic Atlas 12-19 25c Atlantic Greyhound Atlas 12-23 V 0-15 25c (quar.) Atlantic 4% 9-23 12-19 $1 10c 90c *30c _ 4% 25c ' convertible Associates 9-30 12-23 20c (quar.)— common $4 1 25c & (quar.)—+. common Distillers, Bruck (irreg.)— Oil $1.20 10- $1 Corp., Asbdown (J. H.) Hardware, Ltd., cl. A (quar.)" Aspinook Bigelow, Brown-Forman $1 (quar.)—— Co. Corp. (quar.) Ltd. (quar Ashland — 9-10 (quar.)_ B —— 9-30 — preferred convertible preferred Class (quar.) preferred (quar.) Junior preferred (quar.) Brown Shoe Co., $3.60 preferred (quar.) Asbestos & Brown $$1.50 +$1.50 15c $1 ' 25c (quar.)—— Iron Cold Chamberlin ————»— . 9- (quar.) Constable Arnold & G.) 9-15 y a2%% 19%c (quar.) 933Ac Co. common class (E. -Extra. 1-21 1 Central Telephone Co.— preferred 9-20 $1.25 Gas Brooke 10-22 • 15c Power Rubber, 1 Columbia 1-31-50 $1.75 (quar.) Co., (quar.) preferred <3.75 11- $1.50 1 $3 preferred conv. Armstrong 11- $1.25 8-30 7 „ common 8-30 10- 50c common™ (quar.) Catelli Food Products, Ltd., Payable 0} Rec. 5c 58%c d40c d$1.75 $15c $$1.75 $25c (quar.) pfd. (quar.) Ltd., 9, (quar.)——— (quar.) 3'/2% preferred 4% — 9-30 12 %c (quar.) Corp., 1 9-15 —- Western Steel 9 9- , —- 10c common Arkansas Natural Gas, 6% Armco 9- 10-14 — Co., Co., preferred 9-27 $1 (reduced) Arkansas-Missouri 9 $1.50 (quar.) Edison Ariwna 9- * c 123/gC •- — 37 %c Corp.—— Corp. 9-15 1 50c (quar.) Mills 2 9- 9-13 10-15 10-15 Corp. Corp., Company, preferred 7% Ltd,— (quar.) 9-15 preferred (s-a)__ Oil Argo <4 6* (J. Central —_ $1.75 preferred (quar.) preferred (quar.) A|*cx Electrical Mfg. Co., 7% pr. pfd. Arts 9- — 6% Arcade 3 Lead & Zinc, Applied 10- 10- 93%c (quar.) registered (interim) is 5% preferred bearer shares (s-a) a2%% Amer. deposit receipts bearer (interim)19%c Ordinary bearer (interim)— —\ . Is British Columbia Elec., Ltd., 4% pfd. (quar.) *$1 4%% preferred (quar.) $$1.19 British-Columbia Packers, Ltd., class A (s-a) J37%c 'Class B (s-a) $25c British Columbia Power, Ltd., class A (quar.) $40c 2 $1 .6% Apex 9- 50c Smelting, common— AO prior preferred (quar.) Anaconda Copper Mining Co. (reduced) Anchor Post Products, common (quar.) — — 1 $2.25 (quar.) (quar.) preferred 10- $1.50 9-15 Ordinary $1.75 7% 9-15 Amer. 35c (quar.).... 9-30 9-30 9-15 preferred registered shares (s-a) deposit receipts reg. (interim)™ 5% 8-25 9-15 I.) Cassidy's, British-American Tobacco Co., Ltd.— 8 60c Refining, Sugar Oil Co., (quar.) preferred 3%% 2 0-16 9-30 $1:50 — pfd. (quar.) American Sumatra Tobacco Corp, (quar.)— American Telephone & Telegraph Co. (quar.) American Tobacco Co., 6% pfd. (quar.) American Vitrified Products pfd (quar.) — American Woolen Co., common (reduced)American 9- 9-24 . 10- Steel Foundries Co. British-American pfd. OA d35c — (quar.) 3%% Case 7% n 9-16 '•— Co., General & 9-15 10- 1 . prefened Corp., 4% Carriers Plywood $1.37% 35c ;.'d25c (quar.) — Common common— preferred (quar.) Stores 1S1.50 / (quar.)—— Corp. Carrier ,® 9-10 Holders When Share of Company Cascades ———— Light Co. Stratton <fe Bristol-Myers 9-10 9-20 $1.25 50c American (quar.) Gas Name Power Co., Ltd.— Co.— convertible preferred Extra . American . Per Holders 9-29 10- 1 75c 75c .— (quar.) Sons preferred Briggs 6 Co Co., 6% 6 25c . Stamping American 10- $1.25 — 5% pfd. (quar.)_ Standard Sanitary common American C% $1.50 (accum.)- President Lines, American & Bridgeport** Brass (quar.) (quar.)—... .American Power & Light, Co—. Bearing J.) 9- 7% preferred (accum.) American Potash & Chemical— Glass (E. 9-15 $1.75 \ Glass Brach Brazilian Traction, Light & Monday, September 12, 1949 Payable of Rec. Share Company Roller Bower 9-15 1 10- 50c 2 9- 9-15 25c ( ... Co. (quar,). American Paper Goods Co.— .American Optical When Per Name of Payable of Rec. Share of Company CHRONICLE FINANCIAL & Holders When Per Name COMMERCIAL THE (1022) 46 (quar.) (quar.) Corp.-rr__^,... .a 9- 9* COMMERCIAL THE Number 4837 Volume 170 Per & FINANCIAL Per Holders When CHRONICLE (1023) Holders When , Cork Crown $2 Share of Company \ Name preferred Ex-Cell-O Inc.— Seal Co., & 9-13 9-30 9-16 9-17 5% 9-30 Falstaff Culver pfd. (quar.)_ 5% Sugar Co., Atlantic (s-a) Co., common Corporation Cummins Engine 4%% preferred (quar.) Cunningham Drug Stores, (quar.) (quar.)____ Inc. Extra Clothing, Curtis Publishing Co., (quar.)— (accum.) ptd. $7 Daniels David Ltd., Frere, $1.75 75c 25c 50c Deep Oil Rock Corp Stores, Fibre Delaware-New Jersey Ferry Delaware Power & Light, 4.28% Oil Aluminum & Detroit Harvester Brass Co Detroit Mortgage Detroit Steel Realty & Chemical Co. preferred Diamond Alkali Diamond "T" Diana Co. Distillers 9-15 Dobeckmun 125c 25c 62 %c 15c 50c 112 %c 144c (quar.) Ltd., common (quar.) 5% non-cum. preferred (quar.) Dominion Gas & Electric, 4% pfd. (quar.) 7% Corp. Dairies, Dominion Glass Dominion Stores, Dominion Tar t$l Co., Ltd.____ Linoleum & (quar.) Ltd. Chemical & 9-15 9-26 10- 1 9-10 9-23 10-15 10-15 10- 1 10-15 1:25c 135c 140c (quar.)_ common (quar.) Oilcloth Dominion Ltd., Co., preferred '"v ;■ (quar.) Company Doehler-Jarvis Dominion __ New 10-28 137%c 9-15 $4.50 Durez 4V2 % : 6 % Chemicals, & Fuel (quar.) preferred A (quar.) preferred A (quar.) 6% preferred B (accum.) 6% preferred B (accum.). Eastern States Corp., $7 pfd. A $6 preferred ——_ Co., 10- 1 9-2 40c 10- 1 9-2 $1.50 10- 1 9-2 (quar.) Eddy .Vy 'V:v^ class A (irreg.)— preferred (quar.) *6%% participating El Paso common preferred Paso Electric Co., $2 conv. Products Electrolux 9-13 8-27 50c pfd. (quar.) Extra , (quar.)__ Watch Co. (quar.) common (quar.) (quar.) (quar.) Emerson Drug Co., 8% preferred (quar.)__ Emerson Electric Mfg. Co., 8% pfd. (quar.) 7% preferred (quar.) Empire District Electric Co., common preference conv. 5V2% preferred Garlock Equity Corporation, Common (irreg.) common (irreg.) — — (s-a) Emporium Capwell Co., common preferred —— (s-a) Equity Fund, Inc. (quar.) Erie Coach Co. (quar.) preferred Common Railroad Co., $5 pfd. A Ltd.,, 5% Corp., 5% pfd. (quar.) 6% 5% conv. Candy Cigar General 37'/2C 10- 1 9-15 25c 10- 1 9-15 10- 1 9-15 9-13 12-28 1-30-50 3 10 $1.25 5-30-50 6-12 _ 10- 12- a 1 9-20 30c 9-15 8-22 9-15 $1.50 , , Ordinary 4Vi% pfd. Corp 10-14 9-15 Harshaw Hartford Fire 9- 1 30c 12-20 12- 1 (quar.) 37»/2c 9-30 9-15 28y8c 9-30 9-15 1 General 6 Hazeltine 9-20 Hearst 9- 6 10- 1 9- 1 10- 1 9- 1 t$1.37 10- 1 9- 1 75c 50c 10- 1 9-21 7% 7% 9-26 9-19 9- 6 Henkel-Clauss, 9-15 9- 1 Hercules 31 Vic 9-30 9-15 Hewitt-Robins, 25c •9-15 9- 25c 9-15 Hibbard, Spencer, Monthly 1 10-14 11-25 11-10 $1 11-25 11-10 9-12 8-18 Holmes 9-16 Holt preferred (quar.) Industries, 5% General Mills, General Motors & Paint (quar.) preferred (quar.)__ 9-19 Home 9-16 Homestake 9-15 8-31 Honolulu 10- i $1.25 11- 1 93 %C 6% 1 9-15 10- 1 9-15 9-30 9-12* 8-25 Co. 6 4.40% 9-14 9-15 55c 10- 1 10- 1 9-15 $1.50 (quar.), 10- 1 9-15 9-30 9-15 A.) Co., 5% 25c 11-30 11-25 Co. 15c 9-29 9-16 Products (S. Gerrard 9-20 1 $1.25 Power preferred 9- 7 9-28 9-20 4'/2% pfd. (quar.) preferred (s-a) (quar.)— Co., Gibson Refrigerator Machine Gillette Safety Razor Co., Girdler Corporation Harvester (quar.) $1.12% — $5 11- $1.25 37 %C (quar.)_ pref. 8-30 9-14 25c Co 1 10- 1 Coal Alden Falls Glens — Co * Distilleries (N. Co. Insurance Glenmore Y.) class A 9-15 9- 1 8-19 7%c 1-10-15 10c 1-3-50 50c 9-12 $3.50 9-12 11-10 Globe V 9- 6 9- 10- 56V4c 10- - 1 1 6 9- 2* 9- 9-12 40c 2* 25C — (B. F.) preferred Ltd. Co,, 9- 1 1 9-15 10- 1 9- 9 10- 1 9- 9 10- 1 9- 9 10- Horner . ' ' 5C common (quar.) ; preferred Goodyear Tire & Rubber Co. (quar.) — (quar.)_ preferred Cement Class A (quar.)____ of Canada, Ltd. 9 Co. Co 5% preferred 97 2 9-20 9- 9-20 1 9-26 30c $1.50 10- 1 56y»c 10- 1 B 9- 1 9- 9 9-20 9-10 50c 9-20 9- t$l 9-12 8-12 30c , 9-30 9-16 9-30 $1.50 10- t$1.25 1 9 9-16 9-18 (quar.)_ 50c $1.25 • 9-12 9-30 9r20 12-30 12-20 9-30 9- 9 50c 9- 2 $1.183A 10- 1 9-15 30c 10- 1 9rl9 Canada, Ltd.— 9-30 8-16 10-1 13% 8-10 9-30 112'/ac -> 4Vi% $1.03Ve $1.25 Industrial Acceptance Corp., Ltd. 9-9 10- 1 9-10 9- 1 9- 1 115c 75c Inglis (John) Co., Ltd— Inspiration Consolidated Copper Co.— ___. Reduced Institutional Shares, Ltd.— Bank Group Shares (s-a) 9-30 9- 1 9-12 8-22 110c 10- 1 9t16 9-22 9 2'/2c 27%c 9-30 8-31 - 1 $ Steamship Building (Chicago) pfd. (s-a)_ 4% Co Cellucotton Products (quar.)_ Extra Bronze Powders, participating preferred (quar.) International Educational Publishing Co.— $3.50 preferred (accum.) Harvester Nickel 9-15 8-15 International Paper Co.. preferred Co. (quar.) Co., of 10-1 9-20 37V2C 10- 1 9-10 10-1* 9-19 9-16 Ltd.— 6% Elevating Co. 10- 1 10- 1 9-15 50c 50c 37 %c Exchange Inter-Ocean Securities Corp., International 9- 9-30 137%c 1$1.06V4 " preferred (quar.) 5% conv. preferred (new initial) Industrial Rayon Corp. (quar.) International 9-30 "9-30 1$1.25 (common). (quar.) 5% $4 . 25c preferred International 1 common (quar.) A International 9- *9- 2 9-30 10- 112y2c , 1 9-20 25c (interim) preference (s-a) & Michigan Electric Co.— 4Ve% preferred (quar.) Indianapolis Water Co.— 8-15 9-15 9-27 9-27 10- $1.12% (quar.)__ Ordinary 9-15 ,$! 6 6 $1.25 of 112%C !0- 7 9- 25c 4% 9-15 9- 9-15 9T 6 Indiana 9-15 1 8-28 $1.12V2 _ 9-30 10- 9- 9-15 $1.0644 preferred Imperial Tobacco 9-30 t$l 9-15 9-16 12'/2c Co. $4.75 International Ltd.— (quar.) Gorham Manufacturing pfd. quar._ 125C Gordon Mackay Stores, (quar.)_ (quar.) Telephone Co. (Madison, (quar.) Imperial Paper & Color Corp. (s-a) _______ Wis.) 9-12 8-15 ' 50c $1 Co. Commercial Illinois 9-30 8-15 9 9-20 12-22 Corp Huttig Sash & Door Co., 5% preferred (quar.) Interlake 9-15 9- 9-30 1-2-50 (quar.) (Harvey), Inc. (quar.) Mining & Smelting Co., Ltd Humphreys Mfg. Co., common 6% preferred (quar.) Huron & Erie Mortgage Corp. (London, Ont.), Quarterly 9-26 9-15 1 ' 2 9-16 50c Insurance Co. Hoskins 10-15 $1 10- 2 9- 1 25c class A Co.^ 25c $1.25 9-16 9- 12y2c ___, (Frank W.), Ltd., $1.25 — 9- * 8-31 9-12 10- 50c' Company, Ltd. (quar.) Company, class A Hotel Gibson Corp., Ideal 1 9-30 $1 (quar.) Bearing Co Hoover Company, common (quar.) 4V2% preferred (quar.)_______ 5% 1 10- 62y2c (quar.) (s-a) 10- 50c & $1 (quar.) 7 16c preferred (quar.) preferred A Ball $1 Goodyear Tire & Rubber, common convertible 8-23 12 %c - 9- 6 ; 7 Electrochemical— Insurance (interim) common (quar.) preferred Goodrich Ltd., Co., 8-23 9-12 $1.50 (quar.)— Mines, Manitou State 9-12 62 %c Brothers, preferred $2.50 9-15 10c (reduced) (quar.) 9-14 10c (quar.) Co. Telegraph Co. (quar.) Inc., common (quar.)__ Stock Golden $5 9-14 1 9-12 10c Golden $5 8-31 9-20 10- ' (quar.) preferred (quar.) Works Brewing Goldblatt 4% 1 20c Inc. Knitting & 1 9- 20c Extra Gold 2 9- 9-20 40c — common convertible 4Vi % 9- 9-20 50C — (quar.)_ (quar.) (quar.) B Glidden Company, Co., 9-15 50c 50c Gleaner 99- 9-30 * Hudson Bay 10- 10-18 9-15 125c Hubbell $3 10-28 9-15 . 9 50c 8-29 9-20 ; common.™-... preferred Marine 9-15 9-30 30c (quar.)______ 9 Telephone Corp., common (quar.)_ preferred (quar.) $5 preferred (quar.) General Georgia Co. 9- 50c pfd. 9-20 9-1 % ' 9- 9-20 8-31 1 9-24 45c 20c 1 (quar.) $6 Castings, 9-18 12'/2c 1 9-30 1 9-15 10- $1.50 12'/2c 10- 20c 10- 343/ac (quar.)______ 10- ______—— 9-10 25c 25c common 1 9-12 \ $1.50 Co., (accum.)— General Steel Glen , 9- 9-15 , 9-12 10- " $4.50 conv. 9-15 25c 1 (quar.) Manufacturing 6% preferred (quar.) Houdaille-Hershey Corp., $2.25 pfd. (quar.)_ 40C Corp semi-annual Refractories General & Oil 10-10 1 1 10- 20c Mining $4.25 Realty & Utilities Corp.— Increased Gerber « 10c (resumed).— Signal (quar.) Railway preferred General $6 25c & 10-10 10- 25c (quar.) Equipment Precision 11- pfd. (quar.) Bartlett & Co.— Honolulu Rapid Transit 5% Hoover CeinentPCo. (quar.) General Portland General 9* ' (quar.) Phoenix Corp. General 9- Hooker preferred General Fire 1 3 $1.25 > preferred 2nd conv. $1 (D. H.) 10- 10c 10- ____ preferred 10- . — 40c •_ (Henry) 5% Corp.— Corp.— $1 1 1-1-50 15c $5 preferred (quar.) $3.75 preferred (quar.) General 10- 9-16 - Corp., class A (quar.) convertible $1.25 (quar.) — Printing 5% Inc., $1 (irreg.) $4 1 9- 8-20 f25c Co Hollingsworth & Whitney, 25c -1 9 9-15 Inc. '(quar. Furnace 6 9-16* 9-26 Hollinger Consolidated Gold Mines, Ltd.— Quarterly 7 9- 1 9-15 43%c Holland 9- 1 ■ $1.75 Mainfold , 9-15 10- 9-15 (quar.)__ 9- 7 10-14 9-21 30c Dauch & 10-1 25c 1 9- 7 6 10% B 75c $1 Paper Co. (increased) Hinde & Dauch Paper Co. of Canada, Ltd.— Quarterly a7%% reg $1.75 General ; 10- 5J/2% preferred Powder OH Class Hinde preferred (quar.) pfd. Hickok 2 • 7% Corp 9- 9-30 433/4c Monthly 9-15 8-31 10-15 30c — 9-15 1 al0% preferred A (s-a) preferred C (s-a) General Fireproofing Co., com. General 3 8-15 9-13 '___ , $6 9-16 9-15 t$2.50 5% preferred (s-a)_ Hendry (C. J.) Company, 1 , * , (quar.)__ Paper Products, Ltd.— (quar.) 1 10- (quar.)_____ preferred Common 1 Publications, Inc.— 1' 10- 9-10 (accum.) 10- 10c 10-31 9-30 10- 10c Mining Co.. (quar.) Helemano Co., Ltd Helme (George W.) Co., common io- conv. Instrument Consolidated preferred A 11- 25c 11-11 9-30 floe Hecla 6 37'/2c 33y2% 25c $2 (quar.)_____ 8-3L (quar.) $1.06 y* 4% 7% Co. 9- 5% General Glass 1* (quar.) 9-14 dividend) preferred 10- iocJ 9-12 25c common 2c : 919 9-25 Corp. Hendershot (quar.)__ ■■'.■'> 1 10-15 30c prior preferred -(quar.) Hazel-Atlas 9- 130c Co., $4 9-15 quar.)___ ■ 10- $1.12Vi (quar.) (stock non-cumulative 9-16 Corp.; common Corp. $1.25 (quar.) $3 9-20 7%% Finance 9-19 35c 9-30 1 $ 1.25 : 9-15 1 $1.25 Tobacco » 1 common Hartman 2 9 10- prior preferred (quar.) Hart Battery Co., Ltd 9-30 ? Co., • 10- 10- $5 25c receipt for ord 10-20 quar.) (reduced) Insurance Harris-Seybold 25c Bonus 9-10 (reduced 9-16 —— deposit Issue Gas, Steel 9- (annual) registered 1 9-12 15c Harrisburg (quar.) common 9-IO 10- $1.20 f20c Harrisburg 9-15 _™ 1 $1.50 9-10 9-30 8-16 10- ' Co.— 9-30 Co. 8-10 9-15 $1.121A 1 Chemical 9-15 $1 (irreg.)_ common Refractories 2nd 9-15 25c $1.06'A 5c : common Co., Bonus American preferred 9-15 > - 9-15 9-15 (quar.)__ 1 10- (quar.)__ preferred 1 10- 2 - 9-10 9-30 10- Co.— Company, 9 9-20 37'/2c 112Vfec 10-24 (quar.) Corp. Co., A.) 11- *. I (quar)._ preferred (quar.) Harding Carpets, Ltd. (quar.) Harnischfeger Corp., common 5% 12- 25c _________ 6% 1 8-22 Ltd. (quar.)___!____ $1 ___J A $8 (quar.) 150c __— 9-15 9-15 9-15 Harbison-Walker (M. 34 %c (reduced Controls 10- 1 9-15 10-10 10- 1 9-20 5c com. preferred (quar.) Dry Batteries ______ General Electric Co., Ltd.— 10- 1 10- 1 V- 1 4y2% 1 9- Co. Ltd. 75c 6% 50c 50c t2^c 9-30 $1.25 Co., common (quar,)__ preferred (quar.)__ Paper 10- General $1.75 31c 7%c $1.25 9-15 9-» $1.25 preferred (quar.) preferred (quar.) $1.50 preferred (quar.)____. General 10- 1 10- 1 _ 4y*% Hanna _. Supply General 683/4C 62%c (quar.)— (quar.) preferred 6 : pfd. common Co., Co. 9-19 11-15 1 1 H2y2c 9-16 15c (quar.) series preferred $4.25 9-30 12-1 9- (quar.) (quar.)___ Co., (quar.) Goebel 9- 1 8-20 1010- $1.10 (quar.) common Cementing Co. Co.; Watch 1 Manufacturing Co.— participating preferred (quar.) $3 Globe-Union, 9-16 1 9-15 Printing Bridge convertible 4% General American Transportation Corp.— 9- 1 9-19 9-15 9- F.) Hamilton Gemmer 8-21 9-30 9-30 8-30 9-15 (W. 10- (quar.) ' 9-20 8-15 5c 10-17 $1.25 Extra 8-30 14c preferred (quar.) 5y2% preferred (quar.) 10- 1 9-15 25c $1.25 • Hamilton 8-30 ■> 5% 25c 40c 12- 2 9- 2 9- 2 918 1 35c Co., Halliburton Oil Well 5 Hammermill ■ 9-20 9-19 9-19 Hall 6 9- 8iy,c (quar.) Co. Power 1 9- 9-15 . Corporation Extra Gatineau 9- 9-20 9-15 Inc preferred Packing Garrett 10- 1 -*• 1 9-20 J25c 9-13 t$1.18 & Co., Inc., Class - 9 $1,25 (quar.) (quar.) 9-15 9-15 .(quar.) Company (quar.) Company, 4%% 15c 25c (Calif.) Corp. preferred Pie - 9- 9 11- Quarterly 11-20 37 Vac 1st pfd. Co. (Julius) 20c —-— — Esmond Mills, 10- 1 10-10 -10-1 9-30 50c $2.75 $1.50 (Seattle)-— 8-23 9-10 9-16 9-16 9-27 9-20 9-16 9-15 10- 1 9-30 30c 75c Company, Eskimo 9-20 $1.12% Corp. Elgin National Erie ' 8-31 . Consolidated » Products Electrical Garfinkel 1 5c (irreg.)_. A.) (Robert) preferred 10c (quar.) Investors, 25c Quarterly 7% 9-12 10- 1 (quar.) Controller & Mfg. Co, (irreg.) Electric Ferries, 6% prior preferred (quar.) Electrical Co. (George 12- 15c : Electric 20c 30c $1.06 % Auto-Lite Boat 9-15 Utilities States $4.40 2 ti2 y2c Gisholt (Texas)— (increased quar.) preferred (quar.) Natural Gas, common Electric 5% 8-16 9- 5 9- 2 (quar.)_ (quar.) Common $4.50 9-15 9-15 9-15 Works Oil Dorado El —- 9-15 9-15 35c Inc., Stores, Bros. 4% % — 9-30 9-30 10- 1 125c $3 $1,62% (irreg.)— Paper Corp. /v--.- 25c 25c 1$1 — (quar.) Paper Co., Ltd., Eddy 5V2% 9- 2 $1.50 Washing Machine Corp.— A (irreg.)__ * B (irreg.) Economic Investment Trust, Ltd. Elliott 10-1 $1.75 Class Electric 9- 1 12- 1 10-14 9-15 — Class El 9-15 12-15 11- 1 10- 1 (quar.) common Easy Edison Refining Gair 8-23 (accum.)__ (accum.) B Kodak preferred 6% Power Fundamental 8-22 $1.50 $1.50 $1.50 $1,50 6% Gulf 8-19 62y2c ; (quar.) preferred Builders 9-15 9-15 8-22 12- $1 (s-a) preferred General Massachusetts Railway— 6% Eastman prior 9- 1 9- 1 11-15 10- 1 10- 1 9-15 1 30c (quar.)___ Co., class A pfd. (quar.)_ Corp., common i 9-15 10- 1 10- 1 6 $1.50 Kleiser & Frontier 10-10 10-10 20c — 9- 10-10 9- 9-30 10- (quar.) 25c Gas Box 9-14 , & Baking 10-25 10-25 9-15 Frankfort Kentucky Natural Gas (quar.)___ Fraser Cos., Ltd., common (quar.) 9-15 8-15 8-15 9-15 6 Company Oil General <*' $1.12% $1.50 Inc. Associates— preferred (quar.) preferred (accum.) prior Eastern 6% 9-13 * 9- 1 10- 1 9-15 10- 1 9-15 9-30 > 9-20 10-17 9-15 9- Co. Gypsum Lime & Alabastine of Canada, Machinery & Chemical Corp.—^ convertible preferred (quar.)__ General 65c — (quar.) (quar.) & Plastics Eastern Gas 9-15 9-15 Gulf, Mobile & Ohio RR., $5 pfd. (quar.)__ $5 preferred (quar.) $5 preferred (quar.) $5 preferred (quar.) Gulf Power Co., $6 preferred (quar.)_ . Foster-Wheeler 10- 1 8-27 9-21 9- 1 9- 1 9-15 9 $2,50 (quar.) Frontier 87 %c $1.12,/2 (initial) preferred preferred , 9- Co preferred Foster 10- 1 10- 1 9- 1. 9-2 10- 1 10- 1>- 9-19 Stores, Foreign Light & Power, 6% 8-23 9-10 9-10 9- 1 9- 9 9-30 9-30 9-15 9-27 9-27 9-30 8-15 10-15 , Guantanamo Sugar Co., $5 preferred 10- 9-10 9-30 25c Gruen Watch 1-3-50 3 37'/2c 1 $1 9-10 10- 25c $1.06 Vi ; 6 75c 9-2» 10- 3 45c (quar.) 9- 30c 1 Brewery Co.— (increased) 9- (irreg.) 9 20 10- $1.75 (quar.)__ 9-21 Inc.__ common 1 30c 30c Baltimore, cl. A_ R-23 10- — __ preferred Corporation Grinnell 9-15 9-21 (reduced) common convertible 1 9-30 Western Common 9- 130c 7 i$5 (Winnipeg) 9-15 (s-a) Stove Foothills 1 11- lv. 11- 1 10- 1 10- 1 10-15 10- 1 , 10- 1 12- 1 10-15 10-15 —__—c at Stores, Corp., Foote-Burt V-v- Ltd.— Co., (quar.) common $3.50 V 9-15 9-15 ; Griesedieck 1 9-15 9-30 130c Co. 120c Ltd 3%% ■'-'V'- 10-15 125c Voting trust certificates (quar.)— 125c $1 preferred (quar.)_. 125c Dominion Textile, Ltd., common (quar.) 115c 7% (quar.)_—_______—___i_ t$1.75 preferred Donnacona Paper Co., Ltd.—150c 41/2 % convertible preferred (quar.) 1 $1.12 % Dover Industries (quar.) 115c Dow Chemical Co., common— 40c $3.25 2nd preferred (quar.)____——_ 8IV4C $4 preferred A (quar.)——_______ $1 Draper Corporation *—________— • ' $1 Dravo Corporation, 4% preference (quar.)_ 50c Drerser Industries, Inc., com, (quar4-^-~— 50c 3%% preferred (quar.) —_——_ 93%c Driver-ftarris Co.___._;—_________—______ 50c Duke Power Company, common 75c 7% preferred (quar.) _____—$1.75 Dun & Bradstreet, 4%% pfd. (quar.)—_—_.''$1.12% Duquesne Light Co., 5% 1st pfd. (quar.)— $1.25 Duquesne Natural Gas Co., $4 conv. pfd 40c $5 convertible preferred ___ 50c du Pont (E. I.) de Nemours & Co.— Common Food . Ltd. Dixie Cup Co., common (quar.) $2.50 class A (quar.) Corp.-Seagrams, 9-27 10- 9- 9-30 . 10c Canada, Corp., common (quar.) Fair Stores, common-(quar.) Fuller held) shares Distillers •^'9- 1 5% Power 43A % 10-17 9- Co.— Extra 8-31 20% 9-15 62 V2C America preferred $2.50 8-29 9-15 Co., 2 8-19 9-15 125c t62'/2c Ltd Co., Corporation, common preferred (quar.) 9- 9-15 15c Greyhound 9-20 $1.50 - Felt Great Western Sugar Co., 7% preferred (quar.) 9 9-20 1 West Quarterly 25c (quar.) Shoe Stores of National Florida 8-15 5c (quar.) Corp. Products Co., Inc. (irreg.) Ltd.— American deposit receipts ordinary (final) Stock dividend (One share for each two Dictograph 10- 0-2& Co.— Great 6 $1 Company Railway preferred Great West Life Assurance 9- 3 $1 Northern 9- 9-30 7 10- Works 9-15 1 9-23 40c Co Ltd., 6% 1st preferred (quar.) Flintkote Co., $4 preferred 9-12 ♦ Great 9 — $2.50 Fitzsimmons 2-6-50 9-27 9-15 10- Y.) '/ 9- 20c (N. - 1 " 9- 1 9-10 9- 9-30 (quar.) (quar.) of York $2 11-10 9- 1 9- 6 v 25c __ & First Food 15c (quar.) Co. Car Works First 9-15 2-1-50 9-24 25c Indemnity Co. 9-18 10- 10c Non-cum B Florence 50c (quar.) Motor Stores 75c ______— J. & Smelting Curme Co. Class 9 125c 37^0 $2.50 10-1 93%c Co., Ltd., commmon Class A preferred (quar.) Class B preference (quar.) Co.— . (N. 25c (quar.)__ Paper 9-15 Products Finance 9-15 j•••;■ (s-a) participating Engineering Lakes *• 11-2& 9-26 Quarterly 1 preferred 9- 2 • Lakes Great 10- J.) & 9-10 9-10 11-15 9-15 9-15 Great 9-13 Fiduciary Trust Co. (N. Y.) (quar.) Field (Marshall) (see Marshall Field) 9- 1 9-10 9-15 50c lc 50c (quar.)———-——— Corp. Dewey & Almy 25c pfd. (quar.)—(quar.) 5% Stove, Detroit-Michigan $1 25c 12 Vic (reduced) Corp. (quar.)___ I— (Kansas) Co. Detroit 6% 92Vic $1.07 Western RR. Co. & Rio Grande Denver Derby pfd. (quar.)— 9-13 1 Ferry Cap & Set Screw 8-29 9-15 9-30 9-30 9-30 9-15 9-27 9-30 (s-a)__—$5 $1 Co. 4% preferred (quar.)— preferred (initial quar.) 3.70% 9-20 9-10 1 10- 15c Screw 9-16 9-15 9-15 9-20 9-16 9- 9 9-15 9- 2 $1 1 10- 50c Federal 10- 1 10- 5 10- 5 10- 1 9-30 9-23 10- 1 9-15 . 10- 30c Co Mining (J. Insurance 8-28 12-15 ioc Corp 56yiC American Holderm 9-15 J25c Varnish T.) Company, common preferred (quar.) Drug Stores Co. (quar.) Great When Payable of Rec. 125c (quar.) 9-29 (quar.) Co. A Rapids (W. Gray Shops, Inc._ Federal 5% 3 1 Share (quar.)__ 3%% 10-15 Insurance Felin 9- 10- Per Company Company, Ltd., class A $0 185625 Co. Rubber Feltman 3 1 Federal 9- 2 Grant 9- U- Bake 9-15 9-15 9- 9 8-26 9-15 Class 50c Faultless 9-15 9-12 & 10-14 (quar.) common Inc., Federal 9-30 9-30 9-30 Grand 100% dividend) (stock Life 9- 8-31 $2.50 Y., (quarterly) N. Park, $1.25 87 Vic $1 50c 12 %c 50c 15c 25c Inc. (quar.) Delaware Fund, Inc. (quar.)_ Delaware & Hudson Co. (guar.) - Fashion 37 %c (quar.) Corp. Malleable Iron, 5% pfd. (quar.)— Dayton & Michigan RR. Co., common (s-a)_ 8% preferred (quar.)— De Long Hook & Eye Co. (quar.) Decca Records, Inc. (quar.)— — Dayton Dejay Syracuse,. 125c (quar.) Traders 9-14 9-15 $5 common (quar.) Farrel-Birmingham 50c class A Inc., preferred (quar.) Famous Players Canadian Corp., Ltd.— Quarterly _ii • Fanny Farmer Candy Shops, Inc. (quar.) 9-16 9-18 9-12 9-24 t25c Chemical preferred & 2 25c % % Farmers Grafton 25c Brewing Corp. 9- 1 9- 7 8-26 9-10 10- 1 9-18 30c 25c Extra Davison 4 9-12 1 30c (quar.) Inc Railway Motors, preferred (s-a) 4%% 10- „ Name of Payable of Rec. 65c ;_ Products, (The) Family Finance Corp., 9-15 Stores Fisher & & 9- 5 9-20 10- 5 . 9-15 9-16 Corp Cigar G. 9-16 11- 5 9-27 T W. 12-19 10- 1 11-15 9-15 9-30 10-20 10- 1 10- 1 $4 prior preferred (quar.) Curtiss-Wright Corp.," common (quar.) $2 non-cum. class A. (quar.) Cutler-Hammer, Inc. (quar.) D. 1-3-50 25c * preferred 4%% 9-30 9-16 9-16 $1.12% ---- Curlee (quar.) Fairmont 9-30 Share ^ Corporation Fabricon Fair Irregular Company Company 10- 1 $1.25 $2 $1.75 $1.25 25c $1.25 10c 25c $1.12% 25c (quar.) Crum & Porster, 8% preferred (quar.) 7 % preferred (quar.) Cuban-American Sugar Co., com. (irreg.)— convertible preferred Cuban Exolon 9-15 40c Corp., common Crucible Steel Co. of America— 5% 8-23* 50c (quar.) Zellerbach Crown Name of Payable of Rec. 4T 10-15 9-15 30c 12-31 10-31 $1 __. com. (quar.)_ Canada, Ltd—_ common 137V2c (quar.). 9-15 9- 1 35c t40c 10-15 9-20 9-15 8-22 $1 9-29 9- 2 $1 8-29 9- 2 '' Name ? of Company J International Salt Shoe 75c Co f Company, pfd. 7% 'Interstate i 10- 1 (quar.)„_ common 9-14 Intcrtype Corp. Loew's, Inc. 9-15 Loew's (Marcus) 10-15 50c _ 10- 1 9-10* 9-15 9- 1 * f 2c 9-30 9-15 Iowa . -;6% "7% * 7 Iowa Power & Light Co., ,J Iowa Public Fireman Iron * Ironrite 1 1 9-15 10- 1 ,9-15 82 Vic 10- 1 '9-15 t preferred A (quar.) 1st preferred (quar.)— Jamaica Public Service Co., Ltd., <* Jewel 5% 7% preferred $5 " Jefferson Jones £ r Kansas 4% Laughlin Steel Corp., City Southern Ry., preferred Kansas r $6 Gas com. * 9-29 4%% : 1 . 9-30 1 10- 1 10- 1- 10- 1 9-10 10- 1 9-15 . I ( Kelley ;* & Trecker Kearney Kelling tj,;'Class B (quar.).i Kelvinator • of Ltd. : Kerite ; Company Kerr-Addison Key r Mines, — Series "B-4". Series "S-l"—.— Keystone Steel & Wire „(quar.). 2 2 9-15 8-^5 ; Mead 9* 9-15 $1.50 . preierred $1.50 - preferred 10- 9-12 10- 2%c 4 25c 4 9- 2 9-15 8-30 9- — Metal 9 9-26 Co., 9- 9- 1 $1 10-15 10- 3 25c Ltd., Corp., 7% Brick (quar.) 1 ; t__u 37%C • 10- 1 Meyer-Slanke 9-21 37%C 1-2-50 4-1-50 Michaels 12-22 37 %c. (quar.) !:3-22 Co. Stern Mlckelberry's (quar.) & Co., (quar.).— 10c J Koppers i 50c 10- 1 9-12 $1 10- 1 9-12 Mld-Contlnental 9-12 8-23 Mid-West 25c ...... _—... Company, common—.. preferred (quar.)— 'i4% Kresge- (S.-S.) t $ Kroehler » , , Company Mfg. — —__ (quar.).. ; 4% %"■ preferred A preferred (quar.) (quar.) A Labatt t Laclede Lake *; Steel Shore .L, $2.50 preferred 30c Lamston * (M. H.), Inc., $6 Co/ (quar.).. * . - $2.50 Lehigh 1 9-15 Midland 10- 3 9-16 Miller 9-30 9-14 * 9-15 10.: 62 %c ... (s-a)^ 11- V ' * 10- 62 %c 10- 1 1 1 $2 9-22 12 %c 9-14 V " 9— 5c Modern 1 • ,7% . preferred (quar.)... : Lima-flamilton Lincoln r 35c MO- 1 10- 1 Life (N. - Little Miami RR/ Co —" Original -capital Original capital, J ' Special ^guaranteed " Special guaranteed (quar.) (quar.) 10- 2 1 ' 8-25 ] 1 r- I8%c ;■ 10- 1 .Extrp 1 9-15 Molybdenum Corp. of America 9-20 $1.75' k (quar.) v 50c •30c " 10" 87%c 1 9-15 vll-. 1 ,37%c 37»/2c 1 9-15 ; 15c ; ' 10- . , " 99- 9 1 (Ma^s.) t? Monroe ' 5% 9-15 9r 1 10-24 9-12 8-31 9-12 8-31 $3.25 Moore $1 10 50c 50c 12-10 11-24 3-10-50 2-21 12-10 11-24 3-10-50 2-21 <4% Co., 0- 2 I. 9-15 1, 1 r, ■ ^ "Telegraph Corp., Ltd., pfd Co.___: (quar.) 7% preferred A B <quar.) 4%% Drop Forging conv. Co., preferred 9- 1 common (quar.) (quar.) 9-21 10- 1 1 t, 1 $25c 10- 1 • t$i.75 . . 15c 593/4C \ 93%C - 10-; 1 $1.06% * 1 9-15 9- 9 9- 9 " 9-15 * 8-26 9-16 8-30 1 9-15 9- 0-30 9-12 9-30 9-20 ' ,40c25c t$l 9-15 10-*1 -9-30 -,$40c r 9-15 8-15 ;75c 9-15 9- 1 tlOc 9-30 9- 2 (quar.) - : : - . 50c 10- 1 9-21 10- 1 9- 11- (quar.)„___ 1 9 10-3 Corp.— $1.37% 9-20 8-31 .15c 10-15 '9-26 (quar.) , Service 8-31 \ 9-20 $1.50 '; Co. / 10- 40c 30c 1 9-15 Co., com— - 9- 9-30 9-15 60c 9-12 8- 1 9-26 9- 2 50c 9-20 9- 6 9-20 9- 6 j (quar.)— (s-a)_ 9-20 22 %c 45c preference r— * ** common ' $1.50 3 10- 1 93 %C Portland 10- 1 50c -—_ 10- 1 9-21 Cement— — Co., (quar.) (quar.) common 10- 10- 1 9- l , . class A_, 5C t25c , 9-21 9-15 20C , Co., • 1 9-15 > 8-25 9- 8 ,9-24 9- 8 10c 9-15 9- 50c 9-15 9- 1 /50c 9-30 9- 9 -$1.10 10-1 $1.25 (quar,)___ common : (quar.) . Tube ■' ; - v> 3.90%" pfd. Service, Seamless ; (quar.)_ Co.___ Line Life 1 6% 9 24 > t preferred Ontario . Loan 9-20 10- 8-31 9-15 1 J 9-15 9- 2 9-30 . 9- 9 * 20c _ -..f ■ Co. (quar.) Ontario Steel Products Co., Ltd., common 7% preferred (quar.) -9-26 '0-30 V 9- 9 9-30 ,* 9- 9 ;9-15 9- 1 t37%c (quar.) „$1 :.ioc f31%c A (quar.) Debenture 9-15 $1.50 preferred . & - 1 America— (quar.)____— Oneida, .Ltd., common "(quar.) ; 25c 37%c . of -_=r-~—^ 4% common preferred Co. (quar.) ___„__^_____^__X Ontario Beauty Supply Co., Ltd.— Participating convertible preferred (quar.) r ; Insurance ' J>7%C j|50c / ; 9-15 ; Oregon-American 8-31 9-15 9- 1 t25c *; t$i.25 i50c, *: t$i.75 Oswego Falls Corp;, 4%%pfdr (quar.)n: 8-31 Otis Elevator 8-31 10• ;(quar.) 9-30 10- 2 10- 9-16 9-20 9-20 1 9-15 11-15 10-14 11-15 10-14 " 10-15 10- 11-10 Public 6% ?. 9-15 12- $50c t$1.75 * 10- i, Co., Omarh~ Inc., 9-15 1 $75c " (quar.) preferred 10- ' (quar.) ,7% Moore 1 - - common 10- 1 10-1 50c — Co a Quarterly Olin Industries, 6 ... $1.62% preferred iredeemabie ' 87%c ' ., 2 1 ; > K Ohio Edison Co., common... « 4.40% preferred (quar.)_— Ohio Match Co._l Old 6 9- . 9-15 62%c fnuar.l- (s-a)- . .... . . ,#>Ohio Water Service Co." (quar.) , 9- 9-27 10- Oil Preferred , 9-15 CO.— $3.50 A 9- 10- $1.25 , Co., pref, 2 * Ohio 9-27 12%c " r 9- ; (quar.)_ Gas States Confection Ohio Co. ;u_, 6< 9-15 93 %c ; V. (quar.) /—— Brass 9-15 10- $1.25 Chemical conv. 'Montreal (.qqar.)_!—., Springfield 99- « £ —. Ltd Public preferred Ohio 9-20 9-30 {25c !(s-a) Auto Equipment preferred V (quar,) Monsanto * $1.10 Insurance Monroe Chemical 8-31 9-12 Life 3 3 shares of North Amer¬ Mills, Paper Ohio * 11-15 40c /v7 't25C ■ 7 fa* 10- $1.50 ' . $1,12% Inc.____ Co. Ogilvie Flour Mills. Ltd., j, 1 3 9-12 j62%c V——i 9- 25c Co. Liberties 7preferred Oceanic 12-15 10- "25c — 1 9- .* 10- ^ 6 9-15 1 10- - $1.18% 9r19 3- 9-16 10- ' 8-26 9-15 ; $25c (quar.) 1 9-16 t'SOc ; i 8-26 10- 15c $25c pfd."(quar.) 10- 56 %c 9- 9-30 v $1 20c Corp.— Quarterly Oak Manufacturing 9-12 ;• $$1 Co 40c 75c . Refractories Gas Northwestern , 9-15 25c (quar.) /,•> (accum.)- Indiana 6% 1 9-23 40c A ,10- 1 — (quar.) (accum.) convertible 3%% 9-20 9- 9-15 15c Jl%c preferred Northern 9-20 2 9-15 $1 , ,50c *• Novthland Greyhound Lines— \,70c ; 9-16 »".9- 9 Northern Natural Gas Co.-- v. 4 preferred 4%% ~ Y.). ,7% prio^ preferred (quar.) , 9- 8-31 ; 7 (quar.)_ Investment Northern 9-14 9-15 25r , Corp. class 1 V 9-30 9-30 held)— common Northern , (quar.) Ltd.. Hosiery Co., 5% Molson'S Brewery, Ltd. 9-20 '50c Insurance Rubber 9-16 10- 25c . -__t. Mojud 9-20 35c .. . ——i Lincoln ,Servlce Corp., common (quar.) -8% i>articipdting preferred (quar.) _ " ^ National ;j._— (Robert)V Ltd.__„_____— Mohawk 1 9-16 1 ,r 25c Ltd Co., 9-16 1 9-15 '$1 Co; American 5%% r — Containers. Monarch (quar.) Gorp, 7 "Lincoln Building Corp. : 2 8-20 9- Lily-Tulip Cup Corp. / - 1 10- 9 9-15 liquidating dividend (One share West Kentucky Coal Co. common North 9 10- 4 9- 10- 1 , 4 11- 25c 20c ; ., , —— preferred American Shore ' Modine-Manufacturing Co.„(quar.) Liggett & Myers Tobacco Co.— f t 9- 9-15 / t. 1 0-15 9-15 Corp." convertible ican 2 10- 11• Partial North ^ Service, S.) a. Mitchell 8-30 40c Co (auar.) (^. Extra 9410 12 %c , 1 (quar.)__: Brewing Public Mitchell 9-10 19- B Missouri. 9 ■ 9- 10- 17 %C 9-19 9-26 (quar.)__ Car American 37 %c preferred Appliance Class •9-10 ■ —— </ Glass, '4% ' preferred (ouar.)__ Missouri Kansas Pipe Line, common (quar.) ■ a— Fink products Corp Refineries, Inc j Leslie Salt Co, (quar. ^rLibertjf Fabrics of N. Y., Inc. (quar.).. Liberty Loan Corp., class A Class B — '75c convertible* preferred (quar.) 1 9-24 $2 North , North (quar.) ; Mississippi 8-31 MO- prior Mission * 8-25 9-15 25c • (quar.) 9-15 25c pfd. conv, Mining & Mfg."Co,— Common (increased) $4 preferred (quar.) . 8-24 $1 |25c , (quar.) preferred (quar,) & Wilkes-Barre Corp, 9-15 10-31 2 9-12 1 35C ' Corp., American 8-31 $2" Minnesota 9-21 North 9-15 37%c (quar.) Minneapolis 6 10c • Corp., $1 Hart. Inc. 8-17 1 1 $1 8-15 / 37%c 10- (quar.)_ Co. 15c Ry. Mining 8-15 .27%c 11-15 Co. Ltd. Southern Normetal 9-15 (quar.) Oil & Common 9- 1 9-15 10- $3 > (John A.) & Sons, Ltd, .(quar.). Portland Cement Co. (quar.) £ Lehn & Leonard 10- Mines, Norfolk 9- non-cum. 5c 40c common 8 preferred! (quar.) 75c (quar.) 9-15 9-19 11-15 47 %c .. — (J. J.) Company Mining Corp,Electric Corp., 9-10 v (guar.) 53'/8C • Inc., common (quar.) stock for each 10 1 8-31 " Telegraph & Public Service, preferred Noranda C 6% preferred Telephone Niles-Bement-Pond . 10- 9-13 ———'— (quar.) Noblitt-Sparks Industries, Nopco Chemical Co Refineries, Inc.— preferred Orleans 3% % • 9-24 30c Lawrence Leath A Company, $2 2 England 10c 9- ■•*120 Lanett Bleachery & Dye Works Lang & Company Lang ,„V 9-30 Lane-Wells f 8% 9- 9- 9-13 9-15 : common Insurance Fire Corporation of 9-14 ... preferred . Union f.; 8-18 plus (Pa.) f, 11-17 20c Use , ... ^ 9-15 9-12 11-30 8-31 9-23 10-15 $1.25 Newport Industries,preferred (quar.)_ Niagara Wire Weaving Co., Ltd. (quar.) t i 6 '9-12 ^ * Corp. 9- 50c.' 1 redemp-,/ share per 1 15c 60c Petroleum convertible t25c Ltd—— (quar,).... $45 10- 9-15 9-15 $60c . 6 $1.12% common (called for at 1 9- $1.083/4 (quar.)_ ' 9-20 1 9-29 1 > 9-10 1 10- 9-15 $ 37 % c (quar.)__—* New York State Electric & Gas— ;$4.50 preferred (quar.) 3.75% preferred (quaif.)--^-- I 9 10- "; 15c .. . ; common Oct.= on / *9-20 ,9-30 preferred__—50c Midwest Rubber Reclaiming— 4 % % preferred (quar.) 56 %c ... Ltd.. Mines, 12-21 1 9-15 50c Mines, 15c 9- , 97%c.,' Middle South utilities, Inc. (initial)— Midland Steel Products," common (quar.)_ 9-21 12-28 5c (quar.) Lamson & Sessions Co., t 3 10- $1.50 Co Lamaque Gold r 9- 0-27 $1.12% (John), Ltd.—.. Laclede Gas Light Co. * $1.12% Jst preferred (quar.). Electric Co. (quar.)...—.— La France Industries, common ] 4% convertible preferred (quar.). ; 9-14 preferred conv. tlon / 8 $1.50 Kuhlman , 9- Co., 4' Kroger Company, 6% I 9-16 50c $2.40 8-29 <9-12 50c , t 9-16 9-20 9-30 30c this dividend) Micromatic Hone Corp.'.^. ? • # ; ^ 1_~ preferred Products Food I { ; 10c $1.75 9-15 • * 1 Newport 10- 62%c (accum.) A Ltd. New York, Chicago; & St. Louis RR. Co.— 6% preferred A (accum. ; ' 9-10 , 9-15 . Ltd.— New York Auction Co. .(quar.) 7. 9-10 (quar.)„ 1 1 10- { 1 10- 10- 10- f 1 9 10-14 1 ,10- 1 25c (quair.)______—_— New 8-31 10- 11- 10- 9-12 10- , pfd. Building (quar.) ___________ Edison, 3.90% pfd. (quar.) preferred ^(quar.) __— $1.50 preferred (quar.) Klelnert's (I. B.) Rubber Co Knott Corporation Knudsen Creamery Co. of Calif, v $1.50 40c 9-12 V ; 9 $50c — (quar.)._ Corp. 9- 2 8-26 .50C Newberry Newmont £$1.12V2 common————— (quar.)_/_— Thermit 4.35% . 9-28 2 - 9-10 ,,9-28 2 9- 9-15 : " : >9-12 $3 * 912- 9- 15c (quar.). pfd. 4 1 9-30 « i 1 9-30 $1.25 t 9-12 75c 10- $1,12% if;•:4% % 9-12 1 10- $1 25c — 20c Co—— 11- 1 10- 10-1 1-1-50 $1.12% } 10- %c, ,9-16 25c (quar.)__ com. New Jersey Power & Light 4% 8-25 11-15 30c Metropolitan v' 7 — i 9-15 ' 9-15 10- r $1.75 (quar.) 9-15 1 9-15 87 %c Metropolitan 1 1 10- 50c $15c ' Fire Insurance New Haven Gas Light (quar.) r .> — Forming 10- 10- < 5c 37 5 5 (quar.) New Hampshire 9- Inc., common (quar.) Corp. (N. Y.) 1212- 25C preferred New 9-15 Corp Metropolitan 9-9 9-15 i 9-15 15c 10-19 12-15 12-15 '?/ • Neisnet Brothers. Inc. tquan) Nekoosa-Edwards :Paper .(quar,)-- X 25c (quar.) Co.. Car, 9-20 60c (quar.) common 10-29 . $2.50 (quar.)_ Z-} 4% % 8-31 ' 3 " 9-16 1 9-13 Assurance Machine Metal 9-26 10- 9-30' —— Oil Mesta • $1.50 _ Co. & Mersey Paper Co;, 4%% preferred , , 1 9- "9-17 1 (quar.)_————_ National Tea Co., 4%% preferred (quar.) 13.8% preferred : (quar.) j-___ .**: 1 35c ——L~i~7——— Extra •9-15 9-30 / 9- 9-15 87c & Messer 9-15 10- . 6 12- '9-15 10- $1.50 Corp. National Sugar Refining Co.,-, 6 9- n Inc., Company, common (quar.)— preferred (quar.) $4 conv. 2nd preferred (quar.)— Meredith Publishing Co. (guar.) Mergenthaler Lintoype Co, (quar.)— 9-12 10- : 1 9- 25c $3.50 9-12 ' ,—----- Sewer Pipe Co., convertible class $2.40 ? , t 1 : i (quar,),_„ Johnson Merck 9-15 10- — (quar.) preferred 34 Extra 8-31 10- - 9- ' 25c > 8-31 350 npn-cum. , Robbins, <8-31 . National — & 9-15 5c ;• Supply Co. 9-15 ... (quar.)—— preferred (quar.)— Kirsch Company—; i $6 National 9-15 9-30 9-31 25c ; Steel Fire 20c Oil—. Kinney Manufacturing Co.— National Stores ...— . 1 25c. t /Kingspdrt Press, Inc, (quar.). pfd. (quar.) Kings County Lighting Co,, 4% . 8-20 Merchants 50c f 9-15 Mercantile preferred (quar.)—-v $1.12% $1 2nd preferred (quar.)— 25c fj Klng-Seeley Corp., 5% conv.^pfd. (quar.)__ Coastal pref. (s-a)a__—^ $62%c Corp.—. 10c 9-23 4% % (G.f R.), Inc. Steel :9-10 ,*.4% Kinney National 9-30 9-30 9-15 Ltd. Machinery Co. $25c 1 25c Rubber Standard 50c $1.75 10-15 $1 (quar.)— (quar.) 8-20 Special, . / — preferred (quar.)_,____— National v; redeemable 9 Co. Co., com. 9-15 Quarterly , 5% , 9-20 10- Lead National ;i 9 9- tl5c 8-31 (quar.J-—— 9 9- 1 t 9-15 Ltd, common 9- 1 10- 50c (quar.) (quar.) 1 30c — 4 10-14 30c (quar.) 9-26 25c.. 'J 9-24 — 10- 9-12 10- (quar.)— Co 12c conv, McKesson 94 9- 8-31 Kidde j(Walter) &• Company (quar.) Kimberly-Clark Corp., common (quar.)..... Kinney 5 9-16 9-15 _— . , / 5 9- 10- -. _ 7 9-15 9-22 $44c National Linen Service Corp., 4%% preferred (quar.) ; Nehi 9-30 $1-50 , 9-26 9-16 97 1 Conn, preferred A preferred B 9-30 , „ & 54c Keystone Custodian Funds— f ir., 9-16 9-15 Sons & Field National 50c 9-28 , prior pfd, '(quar.)— r g 1 9-30 preferred 9- 1 $30c National 50c (interim) Ltd, (resumed)____.. Corp. 6% 1 10- rcoirmon—-______-—-3, i 9-15 9-28 10- $50c 9-20 9-15* tl5c ....... , Gold Company | ,Keyes Fibre (quar.)—— A 10- 50c • Co., com. A Class 6% 20c , Utilities Kentucky Class 9-26 $1, 4. 9-27 40c ' . — (quar.)^ common quar.) tlypsum 1 , 9-15 25c 7 . — Co Hosiery Mills, 9-20 10-15 11-23 9-28 15C . Class A (quar.)__i Welding Machine Co.— National it 9-20 10-15 8-23 12-12 35c Insurance Fire Hartford, -: , 12-10 10- 9-30 25c jt Kennecott Copper Corp. i(quar.)____ I « 9-10 , 9-12 12C Electric National ' Corp, 8-23 2C $1.50 - „—— 9-30 9-12 20c 75c National Erie Corp., 5% 1st pfd, ls-a)_. l; V<3% non-cum. 2nd preferred, (s-a)— 9-30 9-20 $1.12% Kendall Company, $4.50 preferred (quar.).. i National 9-20 1 9-20 $20c , 9-30 10-15 0-15 12-20 $17%c (quar.)_ 12-15 10-15 12c Co. .(Detroit) (increased preferred ?$4 ; 62%c 9-20 10- '..".'■'Common '9-8 10- ?ci V 12-28 4c (quar.)_, .. National — 9-15 r l%c J , $2.50 preferred (quar.) •McCrory Stores Corp., common; (quar.) $3.50 convertible preferred (quar.)———McGraw Hill Publishing Co., Inc._—„ McKay Machine Co.^ —— 9-16 ,v 1 . 60c d$1.25 (quar.)__ 1 9-28 — (quar,) Casualty 1 9- 37 %c City Lines— 6* 0- 9 9-12 '.! Co., Inc.,..(Md.) Inc. (Del.) (Irreg.) Ltd., (quar.) National i 9-15 , 9-22 25c $1.50 preferred National Cash Register 43%c 1 , Co. National 9-15 10- $$3 . jf •/ . 9-30 9-15 9,-20 9- $1.50 Breweries, 7 9- 9-15 1 25C Biscuit McCord Corporation, 10- 175c — 7% 9-16 175c ; 25c 25c Mathieson 9-20 1 :_ 40c ,, 10- 9-30 Corp. Securities 7% 9-20 ; 10- (increased) ,—___________ 9- , 8-13 1 • Chemical Corp., common—— preferred (quar.) Maytag Company (quar,)— McClatchy Newspapers, 7%,. pfd, (quar.) — 37 ViC r 8 : .-.'".,17% Mastic, Asphalt 1 9- 9-30 9-30 9 910- • 9-20 $1,25 9-15 1 37 V2c .— Canada, 'Extra . , I 9- ,9-30 25c 1 15c" (quar.) (quar.) A National 9 1 Quarterly Massey Harris, 1 9- 9 9- 10- 9-22 9-15 32c Nut 1 9-15 25c Island Lime & Transport Co—r— Company....—....—. Kelsey-Hayes Wheel, class A (quar.). r « 9-22 10- 20c Corp.________— 9-15 1 9- 9-30 50c , 9-10 10- — 9-30 ■; 10- 50c .* Hess, 9-20 (M.) 9-12 50C " America— (Hawaii) A & Corp. Bellas 1 Co., 9-14 9-22 -40c , —__— Brother Co. E.) National 10- Marshall 9-10 10- ' . 1 9-30 9-30 10- — . 9-15 1 10- $12%C ——— (quar.) A 9-30 ,$20c (quar.)_ common (increased) Nash-Kelvinator 25c preferred $1 Marsh . (F. • com. 9-16 (quar.) preferred preferred 4.8% 20c 6% <8-31 preferred (Initial quar.)—w. 12'/2C ; Katz Drug Co., common (quar.) — i $1.12 >/2 $4.50 preferred <■ (quar.)—. —— 25c Kawneer Company (quar.) — 10c i. »Extra" — !■ y ' 25c Kaynee Company, common (quar.)— $1.75 :7% preferred (quar.)..,—_— ...:— * 25c Kpyser (Julius) & Company (quar.) __ 25c Kearney (James R.) Corp .... — 8-31 4.8% Myers 1 Marlin-Rockwell 9-10 25c 1 9-15 Common Telephone Co., Ltd.— ! 3 Inc., common (quar.)_^ Mutual Telephone Co. 10- i 9-10 $1.12'/2 preferred System, 6% 'preferred 6 $12 %c (quar.).—.—.— (quar.) Basket, Inc. (Calif.), 10- (quar.) Mutual $1.50 (quer.)— 40c (quar.) Co., 4_% % pfd. (quar.)__I $1.06% Martin-Parry Corp. (irreg.) —25c Marven's, Ltd.,; 5% preferred (quar.)-.—— $$1.25 Massachusetts Investors Second Fund— V-y ;, 9-10 ; ;/•■ 6% ,, 2 99- • preferred ,7% Market 70-10 i 9- 9-15 L*— 5%. preferred Company, $1.18% "" of National (quar.)—— — preferred (accum.) ,9-15 ' 9-15 9-15 $-16 1 Co Co. preferred 9-15 10-15 t5c , Marshall-Wells , .. Corporation yCommon' ■, 9 (quar.) ... Car 1 10- , Mfg. i 6% •» . Nachman Magnesium Products Corp. (lrreg.)_, ,Irregular —»'*, ——w 9-30 9- $1.75 — 1 8-17 9-30 ' Chemical Mutual 9-24 9-12 10- t. of America, (quar.) Ohio Nation-Wide (qua Maritime Telegraph & 78-31 9-15 ;,10- *———- 1* 8- Marine 1 quar.)—--——.——J- preferred Company Marathon 6 $1.50 ! 9- 9-12 $$1.25 Quarterly 2 99- 10-15 1 50c ; 9- 9-15 $1 9-15 9-15 Mapes Consolidated Manufacturing Co.— 2 9- 9-15 $1 f ■ 10-25 10» $1 1* $1.06 (R. H.) Stores Corp. Manitoba Sugar, 6% ;^8-25 1 2c (quar.) (initial Macwhyte Macy 9-12 9-12 11-15 MO- 9- 15c .(quar.)—— B Magor 65c 9-15 65c — 9-15 $1-25 ; 25c $10c 6 $1.25 Common 4 ,Class Ltd 1 25c Muskegon Piston Ring Co. (reduced)^ Muskogee Company (quar.) 1 Export Co., Ltd.— R.) 9-15 ; ~— (quar.)..-.-. Kansas Power & Light Co.— (H. 9-30 "■> 9-15 8-31 9- , , 9-30 12 5c A f <quar.)___ $1.25 (quar.) 12 %C & Company, Inc., Madison Gas & Electric ,Co.—— common,—— preferred $7 i 1 Class , Mangel (quar.) preferred 10- 30c 9-15 — $1.25 Electric Co., common..—_—>, & 1 :!8-31 (La.)— • 5% preferred A (quar-.) — Jqslyn Manufacturing & Supply Co,_a_^..,. Justrite Manufacturing Co. (quar.) v- < 4 & MacMillan 9-15 ;* 10- 5% 1 1 88c — :10-18 (Increased quar.) com. 9- 9- $2 — 9-20 - 9-15 • Co., Ltd.— ( llr 1 9-30 dividend Stock 1 10c Johnson Jit Johnson, Steel Co., 9-16 9-10 25c preferred Murray ; Gold Mines, Ltd.— 60c (quar.). A w. 1 4% 40c Co— Paint Murray Corp. 6 9- ,9-21 "25c 93%C * (quar,) Common , ; 60c „ preferred (quar.) MacLeod-Cockshutt 9-15 10- xt$1.75 — pfd. B (quar.) Sulphur Co. Lake 5% 8-31 '9-6 10- ' 125c common.. — 1 $1.25 - ? 9-12 (quar.) com. Structural MacKinnon 9-15 1 10- $1.50 (quar.) common preferred (quar.) 'Jamaica Water Supply, $5 3%% ; 3-20 Company Products Resumed — (quar.)-..— preference Tea Company, 20c — 6% Lunkenhelmer 9-15 31V2C. - 1 8-31 " 9-29 10- $1.25 . ' preferred Metal $1.75 — Murphy Murphy 9-12 . 9-30 ; Brass 3 $1.75 (quar.)„_ 1 Lyon — (quar.) Manufacturing Co. (quar.)___^__™, (G. C.) Co., 4%% pid. (quar.)—_ Inc. 1 11-10 1 9-30 12'/2C — Irving RR. Sons, & 9- 9-15 12- ' (M.) i 9- 9-15 59 %C Mullins 10- 3 10- 25C — series A (quar,) Lowney (W. M.) Co., Ltd. (quar.) Ludlow Mfg. & Sales Co. (quar.) HV*% ' 30C (John) Shoe Corp. 6% pfd. <quar.)__ t 'Irving Trust Co. (N. Y.) (quar.)___ <• ; Jamestown Telephone Corp.— r (interim) com. 9* 9-15 25c 93%c — &rNalfhville Lowenstein (quar.) Finance, $5 preferred Wheel Corp. (quar.) Motor 9-24 , 9-15 , $2.50 9-20 , 62 %C ,4-1-50 (quar.) Company, Angeles Louisvllle '9-15 10- pfd. (auar.) common (quar.)__ Co. (quar.) (increased)—„ Co. 10- $1.75 — (quar.) Mfg. Ironer $1.50 $lB2»/2 —— Cafeterias preferred 1 10- 37 %c (quar.^ 4%% preferred (quar.) Consolidated, Inc.— Mills, Payable of Reo. 50C Inc. „12-20 1 1-1-50 62%C —— Transit Lines (quarJ-—— Louisiana Land & Exploration Co. (quar.)_« "9-20 Lines Holders When Share (quar.)_—«... Mueller 10- 62 %C (quar.) (quar.)—— 15c 9-29 75c — 3730% Co., Service preferred 3.75% v 8-19 50c Los (accum.) B (accum.) (accum.) preferred C preferred preferred A 6% % 9-12 7% Motor . *■ Dry Goods Co., & P) Paper Morrison 9-10 30c (J. Morris 9-12 (quar.) Co. .fP.) Electric Light & Power— v 9-30 9-30 (William R.) Morgan 9-13 9-30 m 8-31 9-21 12c —• quarterly basis a on 12-23 37 %C — (quar.). Ltd. preferred (quar.)—-—— Los Angeles Biltmore Co —Los Angeles Investment Co. (quar.)——,— 9-15 9-30 (— ... 7% Investors Telephone Co.— Now "O 5% fl-15 $75c •' 10-15 Fund Belective Investors $2 Theatres, preferred preferred preferred Lorlllard l»/2c * 5% 5% 9-15 I 10- , , Foundation, 5 Gas Name of Company Moore-McCormack ' 9-21 10- , Lorain Coal & Dock 9-20 ' 25C (quar.)— Ltd.— 6% convertible preference (quar.) Investors Royalty Co. (s-a) -- Star Lone 9-15 1 (quar.) 1 1-2-50 ' $2 f 87 %C 15c : America of Co. Investment 9- 9-15 . $1.50 ' —- Investment * . 9-22 9-30 40C Co Power 9-15 9-30 50c 10c ; . " 9-20 9-30 $2 t preferred (quar.) — 8% preferred (quar.).. 8% $1.25 — , Moore Co.— (monthly) Common - 9-15 43%c (quar.) Interstate Department Stores (quar.)— interstate Hosiery Mills, (quar.)— $6 preferred (quar.).— ——— * 1 prior preferred 5% * 10- Per Payable of Rec. Lock JolntTPipe 9-15* 10-1 Monday, September 12, 1949 Holders When Share of Company ' 75c *— — Co., Silver International Interstate 1 ' Co < 1 International 9- 9-20 CHRONICLE FINANCIAL Per Name Payable of Rec. 25c (quar.) Products Corp. International & Holders When Per Share ' . COMMERCIAL THE (1024) 48 1 8-31 10- 1 <9-15 10- 1 9-15 Ox : Fibre Lumber Co., 6% pfdf (quar.)____l Brugh Co preference 9- 6 10- 1 $1.50 $1- -— Pacific-American Investors, $1.50 $2.50 $1.12% Corp— 8-25 9-15 9-20 9- 7 9-14 9- 6 Inc,- (quar,)__._ — .. 37%C', .10-1 9-15 49 (1025) ;t ' ■ ,■ - - Name Pacific Coast Pacific Indemnity , Co. iquar.) Mills (quar.) Pacific Public Service Co. (quar.) '] Pacific Telephone 6c Telegraph Co., ' ' 6% preferred common (quar.) .__ Panhandle Eastern Pipe American ■i Paramount Parmelee Penick & Inc. 75c $1 10- 10-15 10- 1 50c 20c 9-23 9- 2 __ . cum. preferred cum. preferred preferred preferred (J. C.) Extra Co._ * (quar.)___ .___ (quar.)„,_ Power & Light (quar.) Co., common. preferred —- (quar.) — Pennsylvania Salt Mfg, Co., commonPennsylvania Telephone Corp.— $2.10 preferred (quar.) Circle (quar.) Corp. & Trading Brewing preferred (quar.) Products Co., common.. Co., -common ■ .__ (quar.) Pittsburgh, Pittsburgh Pittsburgh Pittsburgh, Royal 1 9-15 10- 1 1 9-15 Russell 9- 3 8-15 10- A- 2 9- i v 9-15 7 10- 1 Louls-San ■it. preferred A tftc Co., 1st pfd. series Regis Paper ij: 9k-. Bessemer & Lake Erie RR. (s-a) Consolidation Coal Co. (quar.) Forgings Ft. Wayne & Chicago Ry.-— (quar.) 3 9- 1 10- 3 9- 1 10- 1 9-20 12- I-3-50 9-30 99- 9-30 1 Sarnia 9-12 9- 6 * 8-29 1 9-20 1 8-26 9- 9-12 fecranton America—_____ of Preston East Dome Mines, Ltd. . 1 Mines. Ltd —_ _ Prospect Hill Apartments— $4.50 preferred (accum.): ±—__L~;— Washington Ins. $1 30c $50c Paper, Ltd. 4% pref. (quar.) Public National Bank & Trust Co. (N. Y.)— Provincial —t Quarterly Service Co. Public Service Co. Public preferred 5 % % Service Co. Public —_ 9- 1 8-24 5% series A 5% Seaboard 9-28 8-31 $2.60 10- •; 9- Lines, 10- 50c 5% 8-31 preferred Oil 10- $1.31 Vi (quar.) , of Oklahoma— 1 Delaware of 4%% Farms, Brothers, (quar.) Inc. 1 9-15 Seeman 1 9 Industries, — 9-15 Hosiery Mills, Inc., A com 'Reed \ Reed (quaT.) ^ : Roller Bros., $1.60 50c • 11- 9- 1 9- 1 9 Rand, (quar.)_ preferred Inc., Sick's Sick's 9- 9 iV 9-22 9-15 8-25 10- 1 9-15 10- 1 mSae. i £-_ common (quar.) — . 9-30 5% 25c 10- 9- 3 6• 1 1 9- 8 10- 25c $1.12% 1 9- 9 10- 11-19 1 9- 9 ' Republic Investors Fund, Inc. 6% preferred A (quar.f__ 6% preferred B (quar.)—11 Republic Petroleum Co. (quar.) Class 1 9-15 1 9-15 M. 15c 1—--— "*T' ,15c ——— 12Vic 11- 1 11- 1 9-26 10-15 10-15 ® 9-12 B a > -5% , • — Extra convertible prior preferred A —— (quar.jf?- 25c 10- 1 9- 9 25c 10- 3 9- 4 25c 10- 3 9- 9 $1.50 10- 1 9- 9 9 (quar.) ■ (quar.) (quar.)__^ (quar.)___ preferred Saw Simpson's, J! Class .'2 (quar.) & Steel class . ; , . 4% r (quar.) preferred Co. (quar.) - [ Skilsaw, Inc. - Sloss-Sheffield Steel & Iron ; Quarterly Quarterly (H.) Snap-On | 80c 50c ? 9-20 .12-20 $50c $50c 25c 10-31 .10-20 { 9-15 Tools com. ,(quar.)_ (quar.) Corp. . *— (quar.) « * - Gas Co. ■; 50c Drug Stores Co.— conv. preferred Corporation, common (reduced)— convertible preferred Class A (quar.) Sonotone $1.25 Boss ' (quar.) Manufacturing Co. (quar.) 1 12%c 10- 1 9-17 9-15 9-15 9-1$ 9-15 9- 1 9-15 9- 1 9-15 9- 1 25c 9-15 9- $ tf-30 12-31 $20c 10- 12-15 1 9-15 ' 25c 9-12 25C — 9-30 \|, 8-39 9-16 . 56c 10- 1 9-1# 9-1$ 25c 10- 8 $1 25 10- 1 9-20 50c 10- 1 9-10 9-30 9-1* 31 %C 11-15 11- 6 62 %c 10- (quar.) (quar.) pfd. (quar.)_ pfd. $1.25 '7 (quar.) — Co 1 9-J5 25c 8-29 9-30 -9-39 15C — 9-15 50c —^ 9-20 9-10 25C 9- 10-15 2 26 AC 10- 1 9- 3 28y«c 10- 1 9- 2 IjC (quar.) — 9- 1 15c 9-30 9- I 50c (quar.) Co. 9-15 8-20 9-15 40c 10- 1 9- 35c 10- 1 9-30 $1 10- 9^20 $1 %c 10- 8-12 * (quar.) Inc., common— . I 9-1S 15c 10- 56V4c 10- 9-15 $25c 10- 9- 10- 9- 9 $50c — 10- 9- 9 9- 7 9- I (quar.)_, 9-15 25c ——_—— 9-15 27c (quar.) — 10- 1 9-15 $5c - com. 10- 1 8-17 (quar.)__ 8-22 9-15 9- 8 35c 10- 1 9- » $1.02% 10- 1 9- 9 $1.06% 10- 0 (quar.)_ — 9-23 30c 1 9- 15c 10-15 10- Company 75c 10- Texas Gulf 75c (quar.) 1 (Cleveland). — Co. Tower (quar.) Sulphur (quar.)_^ Inc., • $2.40 3iy.c (quar.)__— 10- 1 9» 1 9 "17 . 9-W 7% Co., Steel Co., (quar.)_ Mills, common, Thomaston 8-31 $1.75 9-15 9- 9-14 8-81 $1,06%, 9-15 9- — — 60c :---—-, tf Common Markets, 1 9-1$ 12-15 4-1-50 10- 3-15 9- t 9-15 9- I 25c 10-10 9-28 25c (quar.)_ 9-15 $1 common 10- 9-1$ preferred A (quar.) preferred B (quar.) 10- 1 9-10 1 0-lf "" 31 %c" 9-30 ' $1.12% — : 1 10- 31 %c Thrifty Drug Stores Co., Inc.— 4%% 6-15 50c non-conv. 4%% ' 6-26-50 50c —— preferred initial series (quar.)_ preferred series B (quar.)^ conv. 5% • ' ——— Thompson Products, common 4% preferred (quar.) Thor Corporation —,—i_. 5% ,> i 1-3-50 50c — Common 1 6 50c — Common ' 9-15 (quar.) common preferred 4V4% 60c 40c preferred (accum.) preferred (quar.) convertible Shovel Thomas • 1 — 9-17 . Thew » 10- 8-23 9-15 10-1 25c common preferred 'I Textron, Inc., $1.25 conv.j pfd. Thatcher Glass Mfg.— 5 %* 8-23 9-15 10c 25c (quar.)— 4% 9- 1 9-15 50c Gas 9 25c —- 35c Transmission, preferred Textiles, 9-30 $1.06% — . ' . 9-10. 9-JO * ** Tide Water Associated Oil Co.— $3.75 Tilo preferred Roofing (quar.)—'— Co. Detro't Timken — Todd Shipyards 25c $15c 35c Class Corp.——_______ 8-j» 9-20 9- a 1 y-1 9-27 9-15 10- 10- 1 9-15 10- 1 9-15 9-12 9- ft tlOc Universal Insurance Co, 1 9-18 10- 1 10- 1 3iy»c 10-15 9-15 9-15 10- 5 1 9-10 25c 11-15' ir-ift 30c 9-15 9- 3 50c 9-23 9-1. 37 %c 9-23 9* % $1.12 y3 ,9-15 9* t $1.50 Gas,''Electric Light & Power Co.—- ... 9-15 10- $$1.12 V2 preferred (quar.)— Treesweet Products Co.,- $1.25 pfd. (quar.)_ Tri-Continental Corp., $6 pfd. (quar.)— 4% % Trinity 3 37%C — 10- $37 %C (increased)— (Increased). B 9-15 - 15c 50c Brothers,1' Ltd._ : Traders Finance Corp., Ltd.— A 9-12 $1.75: Tooke Class 1 4 15c (quar.) J— Co. (reduced)—— Axle Tailors, Top 10- 93 3/4 C Ltd. (quar.)——— Tishman Realty & Construction Co. (quar.)_ Tobin Packing Co., common (quar.) 7% preferred (quar.)—— Tip 1 9-30 9-30 1 Extra 9-30 9-30 9-2' 10-15 10- pre erred 4% Corp., Texas Southeastern 0-10 12-10 10-15 9-18 - Texas 9- 1. 15c (quar.) 1 50c preferred 4.25% ' 10c Aircraft Extra 1 1 10- 25c Tucson Solar 10- 10- Corp. Terminal 8-25 9-15 $50c Bond & Share— " preferred (accum.) 4.10% if — preferred - 9-23 $31 %C • 9- 7 8-17 8-15 8-15 8-15 8-25 ' ; 9-14 30c „' • Paper Mills, Ltd., ^ 9-2# 10-14 $31 %C (quar.) Co Tennessee 9- 1 ■ 93 34 c $1 25 Inc. & 1st 7% , 1 1 (quar.) Stores, Paper Stove Telephone 9- 1 40c $1.50 Extra Smith * „ • 10- common. Fenn, 4.32% ,;conv. pfd. Instrument Cos. (quar.) Teck Hughes Gold Mines. Ltd 9- 1" 9-1 .9-1 9- 1; " Corp., Taylor 9-7 10- 1 f 9-15 $$1 i 9-15 ' $$1 ; j 9-15 $$1.12% 9-15 $1.50 i 9-14 A 8inger Manufacturing 25c j 9-15 -25c 9-15 25c ' i 9-15 i 25c } 9-15 fl5c { 9-15 $50c 9-15 9*17 75c fquar.) preference Tayfoi' ■ 9-7 10- 1 $15c 9-17 9-17 1 37 %C Electric Products, preferred (qup.r.) Tanpan 9-20 - . 1 1 10- $1.25 Machine Tool Tennessee 9-16., 8-30 . 9-30 10- 1 10- 10- — Syivanite Gold Mines, Ltd. (quar.) Talcott (James), Inc., common (quar.)——_ . 9-20 8-31 $$1.25 ; (reduced) Co^ Ltd., * B Sommers (accum.) B Ltd., common V 5% preferred (quar.)__. Sllverwood Western Dairies, Ltd.—, 4% ^ Republic Steel Corp., common (quar.).—-—— 6% 10- $27c (quar.)— Republic Pictures Corp.— $1 convertible preferred . 4%% 1210- ' , 25c 75c 25c preferred (quar.) Tamblyn <G.), Ltd., common 9-15 . 1 "25c common (quar.) 4%% 9-15 10- 1 9-15 V 9-30 ; 9-30 , 9*37 $5c ; • 31 Vic 25c /,35c $25c / 5c $15c Silknit, Slmonds 9-23 r ; 9-37 9-30 ' • & Royalties, class A Signal ; 9-23 , Coventry Ltd.; A B Class ■ 10-21 9-30 40c >59%c Ltd. Brewing 8tgnal Oil R Gas, class A 10-21 11-1 $1.25 — (quar.) com. 9- 9-30 (quar.) Ltd. Company Thorofare 8-29 11-1; Breweries, Seattle Class 8-26 10-13 "15c $1.25 Corp., (quar.) — Malting Co._ Dairies, Ltd., class A (quar.)— isi; SHverwood 1 (quar.)— Company Optical Co. (quar. 1 1 10- Class V8huron 2 9- 9- 10- G.) 8-15 5c (quar.) (reduted) Sylvania $4 10*17 Ohio, Mining Co. & 1 9-1# Sunray Oil Corp., common (quar.)— 4V4% preferred series A (quar.) 4%% preferred series B fquar.)— Sunset-McKee Company (quar.) Swift 11- 9-15 — Co., common (quar.) Corporation (quar.)—— Sutherland 10-17 9-20 _ Wells Sunshine 1 9-15 Corp. Sundstrand 9-12 :' 9-16 9- 2 9-2 8-22 9-28 50c 10c $50c 25c preferred Cquar.) 8heraton Corp. of America— $1.25 convertible preferred (quar.) 8hoe Corp. of America, class A (quar.) 8-31 ' 9-12 Mills, Ltd. r preferred (quar.)..—$40c Mfg. Co., 3%% pfd. (quar.)87'/2c Remington Renold ' 1 Sunbeam 0* 8-96 11- $12%C preferred gun Oil 8-25 Corp Products 5% 9- $1 Suburban Propane Gas Corp.— 8-25 9-15 10-1 9-30 9-22 10- 3 9-14 10- 1 10- 1 9-30 43/4% 9-15 non-cum. Reliance Shellmar 9 9-12 Knitting Regent $4.50 9- (quar.) prelerred A (quar.) Mfg. Corp., common 1st preferred (quar.)—: 9-15 $1.18'4 (quar.)_£l ' 50c —^ 25c 25c —_— Inc. 5% 9-15 . stockholders dividend approval) Reeves Co, (irreg.) (subject to Bit 10- 8heller .. B Stock 9-15 10- 37'/2C 50c (quax.jw. " 1 Inc. preferred A »(quar.)_ (C. A.) Company, clais A Class II-30 25c f; ; 9-30 10-10 $2c 933/4C 2Vic "4% 8-31 8-31 10- 9-15 $1.12% 25c (Frank "8hattuck 9-30 9-15 r 40c — Steel Struthers 8-3$ 1 9-12 30c . of Brothers Studebaker 9-15 10- 25c 94c Corp., preference Stromberg-Carlscn Co., 9-20 8-25 (quar.) 20c — 183/4c Strawbridge & Clothier $5 9-20 10- 1 9-15 5 9-15 8-2$ 9- I preferred (quar.) Stewart-Warner Corp. (quar.) 9-2 10- 1 15c B Sharon $1.50 preferred (quar.) Raybestos-Manhattan. Inc. (quar.)_i___^._. Reading Co., 4% 2nd preferred (quar.)^!.^ 4%% t 25c $1.37% 23c (quar.)_ Extra 9. 6 $1.75 Electrotype Co. (quar.)_ Stores, Class 9-15 —. Rayonier, Inc., $2 preferred 9 25c $1.25 1 Owl 9 9- Servel, Inc., $4.50 preferred 2'/2% „ 5% 9- 9-23 $1.18% • Oats Co., common-.—— .6% preferred (quar.) Quaker State Oil Refining Quebec Manitou Mines Ralston Purina Co.. 3%% pfd. (quar.) '.Rand's (Pittsburgh) Red 9-23 $1.75 — ___ Quaker 'Real Silk 1 9-20 Puget Sound Pulp & Timber Co. (reduced). Pure Oil Co., 5% preferred (quar.) J Rapid 9- 10-1 — (nu»r.U— preferred $4.75 9-30 pfd. 7 a 9- 4% % 9- 9 — Selected Industries, $5.50 prior Serrick Corp., class A (quar.) 1 Inc.— dividend) (stock Common 9- $1.75 original preferred (quar.) 1st preferred (quar.) Publicker - 9-29 25c 9- 9-15 87 %c Finance, class A (quar.) Bros., 9-15 9-15 (quar.) comon , 9-15 1 9-15 47 %C Sterling 'Aluminum Products— sterr. & Stern Textiles, Inc. '9-15 .9- 9 Selected American Shares 15 9-30 Sterchi 9-10 10- 1 9-29 — 10- 7% ; 10-1 25c 25c — 10- 7% i 31 Vic — (irreg.)— common Extra preferred (quar.) $1 preferred (initial)$1.44% Public Service Electric & Gas, common 40c $1.40 div. preference common (quar.) 35c Publication Co., common voting (quar.)— 50c Common non-voting (quar.) _—__ 50c 5% 1 10- 25c A (quar.). (quar.) & B 10- $1 Steamship Co. preferred preferred b% 9-22 9- 1 9-15 9-15 1 9- 1 9- 1 9-10 10c Co., 4.65% , common (quar.) preferred A Banknote 10-10 1 9-8 9-30 9-30 9-15 9-15 10- 1 75c :;V 40c $1.12% 12 Vic (quar.)__.^ (quar.)_ preferred (quar.)— preferred Co. 9-30 12 %C \ 15c common 4% * . (quar.)_—_— Seeger Refrigerator 9-15 12-31 10-10 ' Security - $1.25 $1.25 45c 65c Loan Class Stedman 12- 0 8- 9 12- 9 9-22 (quar.)—^ common Securities Acceptance Corp., 9-20 3 9-15 Mexico— 12-31 Oil 4 $1.12 % Corp., common & 9-1$ .. $1.50 (quar.) Fruit 10-151 1 17 %C (quar.) common ; 6% preferred (quar.)__ Stecher-Traung Lithograph 9- 9 — • Co., Gas Seaboard 5 Co., Finance convertible 6% 9- 6 9-15® non-cum convertible ^Seattle 9-14 1 9-26 45c _ preferred preferred scries A non-cum. 9-15 ' 9-6 9-17 9-17 vtc Seabrook _, Hampshire of New of New Common Factors 10-14 10- . $1.277/s —_— •3%% State 9- 6 9-30 40c (quar.)_ (quar.) .p* Participating Co.— 11-10 1 9-15 9-15 10- 1 10- 1 (irreg.) vtc 3 preferred A (quar.) Standard Paving & Materials, Ltd., com._ Partic. convertible cum. preierred Partic. convertible non-cum. preferred—. ' 25c Air Line RR. Common V Sea train (quar.) Co. "Seaboard 9-7 9- ' Inc. participating "Participating •' 8-30 17Vic series preferred Standard 9-14 $1.02% 15c $1.12% Vandervoorf, 10-15 % 1 Vic $15c (quar,) Proprietary Providence 12- 25c 9-15 9- 7 X 9-15 $1.25 Standard-Coosa-Thatcher 11-14 11-14 9-9 —— Jquar.) —-— — Barney, Inc., com.— $4.50 series A preferred (quar.) preferred 4.10% Scruggs, 2* % 9- 10c $3 12- Jt 12- 1 10- 1 ^ (Dallas) (initial) L_; Brands, Standard 9-2 9- 8 , Insur. & Sons, (quar.) preferred 75c . 12- 1 25c Common 9-10 9-16 ^ 10- 1 Scranton-Spring Bropk Water Service— 9- I 9- 9-15 8-1# .9" * Service— preference Standard 9- 1 5-1-50 8-1-50 9-12 11-1 11-1 ;; Co Lace 9- 9-15 (quar.) preferred $3.50 / 50c prelerred (quar.) — "4.30% preferred (quaf.)——— Scranton Electric Co., 3.35% pfd. (quar.)— 1 9-15 $1.25 Investors $3.75 91V4C $1.07ya 833/4C common 3.65% 9-10 10- (quar,)_ Glass Co Company (quar.) Metals *;:$4 9-9 10- 1 10- 1 Life preierred Standard ; 60c Co., Manufacturing Scoville 9-15 9-12 10- ii.oey* — (quar.) Squibb (E. R.) $4 preferred r , preferred A 27%c 5%% preferred A (quar.)— —— 27%c Scott Paper Co., common (quar.)___^ 62%c $3.40 preferred (quar.) —85c $4 preferred (quar.) ——$1 7-15 9-12 10- (quar.) (quar.) preferred A 5%% 10-1 10-15 — Lock 5%% 9-15 1 (quar.)— Arabian Schlage 8-29 10- Gas Mining Syndicate, Ltd.—— Co. Schwitzer-Cummlns, 5Vi% pfd. A (quar.)— Saudi 1 *9- % Co. Electric preferred 4.65% , 11- 1 2- 1 5- 1 9-30 9-30 9-30 9-10 9- 6 8-31 - 9-23 9-10 10-18 1-18 4-18 7-18 8-31* 10-18* 10-18* 9-14 — Brothers, 5Vi% preferred Bridge Co., Ltd. Sanger 1 10- i i Diego 9 9-15 preferred Pittsburgh Plate Pressed 5% 9-13 ;i 12 %c 11-15 12 Vic 2-15-50 12V2c 5-15-50 20c 10-15 22Vic 10-15 25c 10-15 50c 10- I 41 Vic 9-15 $ 10c 9-15 15c 10-31 50c 9-15 27%c 11- 1 27Vic 2-1-50 & Electric,; com (quar.)_— 4 Vi % preferred (quar.) 5% preferred (quar.) San Jose Water Wbrks, common (quar.)—. San 9-20 1 10- Quarterly 8-19 9-12 $1.75 —.— Common Antonio Transit 0-10 (quar.) 1 12-15 - Quarterly V> 10- 9-14 $1.10 $$1.07 (quar.) A 9-15 20c Royalty Southwestern 10- 5 10- 5 9-10 8-30 9-10 9-20 8-31 9-15 1 Quarterly 8an 1 7% 1 10- 1 $1.25 ; \J » 10- 4 $1.75 10-1 25c 9-30 Pittston 25c 9-25 Plymouth Oil Co. (quar.) .— 50c 10- 1 Porter (H. K.) Company, 5% pfd. (quar.)_ 62V2c Potomac Electric Power, common (quar,)22 Vic •~K 9-30 9-30 3.60% preferred (quar.) —_* 4Cc 9-15 Potter Company (Irreg.) —» 20c 9-15 Powell River Co., Ltd. (quar.) $50c "Common • $1.25 Saguenay Power Co., Ltd., 4Ve% pfd. (quar.) 9-15 15c 53y8c 75c 75c 25c ~ ,, . conv. 8t. 8-20 a57 l/10c iquar.)_ common Ry... preferred A vtc (quar.) 9-12 9-13 Francisco 9-15 (quar.) preferred Southland 1 conv. 9-26 $1 $1 30c , $1 —— 5% , 20c 15c Union Gas, common (initial) 4Vi% preferred (quar.)__ 5 % preferred (quar.) $1 9-10 9- 8 8-19 9-15 9-15 10-15 10-15 9-26 9-12 10- 1 10- 1 9-15 25c (Louisiana)— ,;;1: 5% 9-12 10- 1' Co. —— 9-10 : . 9-20 37%c 9-15 , 9-12* 9-12* 9-20 Safety Car Heating & Lighting Co., Inc.— 0-15 $1 (quar.l_ 50c 50c 20c 50c $1.75 —75c ;« 25c $1.12% 30c Russell Hotel 8*9 8-39* 9-15 Speer Carbon Co Spiegel, Inc., $4.50 conv. pid. (quar.) Sprague Electric Co. (quar.) Springfield Fire & Marine Insurance Co 9-21 Charles 9-12 9-19 Spalding (A. G.). & Brothers (quar.) Sparks-Withington Co. 6% conv. pfd. (quaf.) (quar.) Quarterly 10-ts $1 9- 2 9-8 St. 9-2# 9-11 1 50c 9- 1 9- 2 (quar.) (irreg.) Co. Manufacturing 11- 10-3# $1.25 (quar.) »-15 9-12 1 10- 9-30 (quar.) 9-12 Company. C.) 10-15 (quar.) Co. Railway pfd. (quar.)__ $$1.06V* ? 25c J 20d 10-14 50c (final) receipts (F. 11-15 50C Gas Natural Pacific Co. Sovereign (quar.) pfd. $ Si .20 9-9 common 4Vi% 8 S- 37 %c (quar.) 10- 1 — Company (Jacob) preferred 25c <quar.)_ Manufacturing Ruppert 9- 9-30 Southwestern Gas & Electric— (quar.) Steel (quar.) preferred Ruud 9-15 9-30 $30c 9-15 9-15 9-15 Inc Co., 9-lft $$1.50 com._ 10- 1 10- 1 10- 1 Comoration Typewriters 1 50c (quar.) $1.25 $1.25 $1.25 Inc. Electric 9 10- 27c (quar.)__ (quar.) Southwestern Works 8 9- Lta.— $20c 25c 25c Co., Ltd. 4%% Brothers, 7 % 8-31 • 10- 93%c preferred Class A. (quar.) Pillsbury Mills, Inc., $4 preferred (quar.)— Pinchin, Johnson & Associates, Ltd.— Inc., 9-10 1 9-15 25c 50c 3%% deposit Rowe 10-1 $1.12 Vi preference (quar.l . —_ Philadelphia & Reading Coal & Iron Co Philco Corporation, common (quar.)____ preferred Rotary 9-10 0-22 $1.50 $1.25 25c (quar.) $1 American Roos 9-10 25% 1st Pitney-Bowes, 9-14 1 1 Co., 9-20 9-15 9- 1 12- 1 (quar.) Metal Art Power Indiana Gas & Electric Co., Southern 9- 9-28 Edison Co.— 10- 1 9-30 9-15 12-15 (quar.) common (quar.) A Canada 9-1$ 9-28 62 %c (s-a)_ $62Vic Co., Extra 9-14 50c preferred Philadelphia Electric prior preferred & Pendleton, 10- 3 ' (quar.) non-cum. 4V4% 5% 10- 25c 25c .- Dairy preferred 10- 1 10- 20c 25c $1.12Vi - preferred (quar.) 2nd preferred (quar.) /ST;'"" $4 non-cum. 2nd preferred (quar.) $4 5% 8-31 1 10- c $4.50 8 Telegraph Co. Southern Company, preferred 4.40% , Philadelphia Co., $6 $5 Rolland Paper 9- & 9-5 , 9-2# 9-30 $1 10- 1 10- 1 10- 1 (quar.) 5% - At.antic partic. preferred 4.8% -^-13 9-3# 1 50c participating preferred preferred (quar.) Common 6% 9-90 1 10- common Original Southern 1 10- 30c Sugar Co., California 4.32% 10- (quar.)__ Southern Southern Quarterly Rockwood 5 3 Corp.— Co. Dividend Philadelphia 1 20c — $1 participating class A. (interim) Pfaudler ; Company (quar.) .__ Stock 9- 10- 50c $1.50 $2 10c (quar.)—_ „—. Pet Milk Co., common (quar.)—, ' 4Vi% preferred (quar.) Pfeiffer 9-15 3 2- Rico preferred Southern 15C 683/4C (quar.) & 9-1 9- 6 9- 1 9-15 Co. Southern 8-.0 10- 1 Oil Payable of Jt$R. 62'/2C (quar.) com. (quar.) Southern 37Vic (quar.) & Co., Ltd Corp. Ages Ruberoid Company Petroleum Roeser 52c " 50c $1.25 Pennsylvania Water & Power Co., common— $5 preferred (quar.) — _______ Peoples Drug Stores,^ Inc. (quar.) —* Peoples Gas, Light & Coke Co — Peoples Telephone, common (quar.) Pepsi-Cola; Company (resumed) - : 1 40c $1.25 30c $1.12 Vi $1.15 30c " preferred Perfect 9- 2- 11- of Ronson (quar.) preferred Permutit Rock Porto Shore ... 20c 2911c t50c preferred Mfg. Uttxe Robinson, 5 11- 11-15 Glass Sand Corp.— Pennsylvania 4.60% 12-15 L.) (P. South 'Vi''-" (quar.) preferred Penn -0-ir 9-2 f50c < >< (quar.) preferred South 9-16 V10- 1 9-27 9-15 9- 9 9-15 9-15 - (quar.) preferred preferred 5%% f ./....., Controls Co.— convertible $2,50 9-15 1 1-1-50 30c _______ ._ Common 5% v . cvrp. Engineering Pennsylvania 4% % 9-14 10- (quar.) common (quar.) participating 25c 25c 2-15-50 11-15 33c 33c 2-15-50 10- 1 50c 9-15 25c 9-15 20c (quar.) (quar.) Pennsylvania-Dixie Cement f 8-26 4%% (quar.) Penney ** Common (quar.) Pennsylvania - 8-31 9-1 $1.50 Robertson $1 : 9-15 9-14 40c Corp., Corp. 10- 1 $1 75 50c 5oc 25c $1 20c (quar.) Robertshaw-Fulton . $1 , 9-16 8-31 U $1.75 ' — . 9-15 9-10 9-10 8-24 8% (quar.)__ Riverside Silk Mills, Ltd.— $2 participating class A (quar.) Robbins & Myers, Inc.— Stoker 9-26 62Vic cum. Textile "Riley .25c __ (quar.)— com. 5% 9-21» * Corp, preferred A $4 8 Oil f 20 c $35c (quar.)__, (quar.) cum. Richfield Riegel $1 Co., Inc.— " 1st preferred (quar.) preferred (quar.) Richardson Company (resumed) 8-29 62Vic $1.32 Manuxacturing 2nd 7% 1 9- ^ (quar.) f 9-16 1 9-27 (quar.) $1.32 9- 9-15 9* 9-15 __. Telephone .1 Common y 1; 30c (quar.) Ltd Ford, Common Rice-Stix, — Transportation Co. Peninsular Rhtcm 9-30 48c Peerless Cement Corp i 9-15 (quar.)_ (quar.) Pictures, 9-30 10-14 9- , Inc.. common preferred ■4.60% Company South Carolina Electric & Gas, 9-21* 10- 1 10- 1 10- 1 10- 1 9-15 25c $1.37J/a 90c $1.12Va 40c — Name of Holier* When Per Holder t Payable of Ree 8har$ • 3.60% pfd. (quaT.) (R. J.) Tobacco, Reynolds 9-15 iquar.j. Pa ton Mfg.' Co., Ltd., common 7% preferred (quar.l , 9-19 $45c Line, com. shares preferred ;*'4% 5%% 10-10 preferred (quar.) Pantapec Oil Co., C. A. (Venezuela)— Paraffine Companies, 9-28 <• Metals Co., common convertible prelerred (quar.) Reynolds 1 9- 10- 4% * 7 9-15 1 9-15 ._—25c ; Packard Motor Car Co. (irreg.) : Page-Hersey Tubes, Ltd. * 9- 9-21 10- .j, - Name of Company PnHahle of Ree. 8c 50c $1 25c $1.75 $1.50 Aggregates Pacific When Per Holders When Per Snort - of Company ■ 10- .. Quarterly Twentieth 1 Century-Fox Film Corp.— 8c 31 Vic 9-30 9-30 9- 6 9- 6 Common $1.50 convertible 25c 9-19 0- 7 $4.50 prior' preferred (rjuar.) —— preferred (quar.)—— (quar.) ; 50 THE (1026) :v, South La Salle (quar.) St Rubber Asbestos & Union Co. Investment Co Metal Mfg. Co., common preferred tquar.i Union Pacific RR. Co., 4% preferred I s-a) 3 50c , : 10- 10c 10- 9- 1 „ Common 9- 6 5% 9- 6 1 ______ 9-30 United Fruit 8-31 8 United Merchants & $75c Manufacturers, Quarterly * S. Storagp Corp., common 4% partic. prior preference (quar.) Participating U. S. Fidelity & Guaranty Co. (Baltimore) Quarterly U. S. Finishing Co., convertible preferred U. Foil S. Class 7% s. U. s. Guarantee U. S. Gypsum 8-10 10- 9-21 20- 9-21 10- 9-21 U. 10- 1 10- 1 S. 9-15 75c 9-20 9-20 8-31* 7% A non-cum. United Steel U. 12-20 50c 10- 1 4% 1 9- 9-15 S. Trust United Corp.. Co. Steel (New & Wire 10- York) 9-15 99- 9-30 25c 5c 9-15 9- 10-15 10- 25c I 9-15 9- 75c 10- 1 56%c 10- 1 Extra Utica Light Co... 9-15 9- prior preferred 9- convertible Mfg. 1 9- (quar.) Inc. 1 Electric Penn Power Gas Virginia Co. 9-12 Co. 9-15 Electric Power Iron & 1 10- 1 9-16 25c 35c 10- 9-10 9- Common 8 4V2% prior 4V2% conv. 9-15 10- Wrigley Life 1 9-15 10- 45c 9-30 9- 9 9-23 9- 9 (quar.) 9- 8 9-28 9- 8 10-10 9-23 25c 9-20 9- 1 $1.12% $1.12'/2 9-15 9-15 9- 1 9- f> $1.25 9-16 8-31- 25c 10- 1 11- 1 9-20 10-20 9-23 9- 9 10c 10- 1 9-30 10- 1 9-30 9-16. 56'Ac 25c 10- 1 9-24 9-16 9-15 25c 10- 1 10- 1 25c 9-15 9- 1 9-15 9- 9-15 9- 9-30 30c $1.12'/2 10- $1.50 10- Young 9-15 9-15- 8-12 9- 1 Tile Fibre (L. A.) Steel Youngstown 1 1 9-15 8-25 tPayable 9-15 8-25 25c 10- resident a 9- 8 x in tax Less Wire $1.80 25c (quar.) Corp. $1 25 25c Less not S. (quar.) Co. closed Funds, Canadian 9-12 for less dividend. this 15% funds, a ' 1 • non-residents' tax. at the source. Non¬ Canadian . deductible tax 8-26 15%; resident tax 7%. British d Less 9-20 1 9-15 30c books •Transfer 8-31 9-16 40c t4c Co Door tPayable in U. 9-15 (quar.) 25c Youngstowr. Sheet & Tube 9-15 9-15 Co Mfg. Spring & J50c (quar.) (quar.).— (monthly) Extra 7 1 10- Corp Corp., 4'/2% preferred (quar.) Corrugating Co. (quar.) York 9-15 25c preferred (quar.) prior preferred (quar.) (William) common (monthly) Yankee York 8-31 9-12 50c $1.25 $6 preferred STATE AND 9-28 common Wright-Hargreaves Mines, Ltd Wyatt Metal & Boiler Works Yale & Tcwne Mfg. Co 5 50c Insurance 50c $1.25 50c Common 9-15 9-12 9- Condensing Co Western 9-14 8-31 $50c — v (quar.) Aeronautical Wright 9-15 1 9-30 9-20 (increased) Western Department Stores 9-30 9-30 9-29 Ltd (quar.) 9-16 9-30 35c Ltd. 12'/2c Co., (quar.) Combing Co. of Canada, Ltd.— 1 50c (quar.) Utilities, Products, S- Worthington Pump & Machinery Corp.— 1 17 %c Coke 8-31 8-31 9-15 Co Co. J25c Texas Western 9-20 10- 50c (quar.)_„ preferred $4.50 Westeel 8-25 20c Co & 9-15 9-15 10c Lothrop 10-1 31'Ac (extra) Co. d$1.12'/2 d$1.20 1 (quar.) Manufacturing preferred Wool 9 9- 5 Co. 50c Woodley Woodward 5% 10-17 / d$1.50 — (quar.)_; Petroleum 8-19 9-16 9-10 10-31 Co.— Co Dessauer 9-17 Woods 8-31 9-10 1 10- t40c preferred preferred & 1 9-15 9-23' 10- 1 15c preferred Wolf 8-31 9-15 9-30 Co.— (quar.) $4.80 8-16 8-16 (quar.) (quar.) Coal preferred West 12-22 9-30 10- 20c Oil Grocery 4'/2% 8-16 9-12 10-15 10- 1 Oil & Snowdrift Fenn $5 - i (s-a) (quar.) Wisconsin, Power & Light 9-20 12 %c RR Virginia Pulp & Paper (quar.) Special West Virginia Water Service Co.— Common (increased) 3 1-3-50 62yao 62%c Kamp's Holland Dutch Bakers, Lovett & 6% 9-10 1 9-15 West 8-31 9-15 1 10- $1.50 preferred (quar.) Inc. (quar.) Co. Ohio 8-31 9-15 10- Inc. Line, Wisconsin 7 10- (quar,) Co. Fund, 5 5c (quar.) preferred de Motor Knitting Mills 9-15 $4.25 preferred (quar.)_ Ltd C.), Quarterly preferred Extra prior 5% Wilson 9- 9-20 t50c Jnc 10- 1 (quar.) (J. Extra 10- Picture:;, West 5 9-15 40c ... Wilson 4%% preferred A (quar.) Wisconsin-Michigan Power Co.— 4'/2% preferred (quar.)—— 25c Brothers West X $2 Ltd.. Worts, 56'Ac d$1.12'/2 25c (quar.)__— 8-15 10- Knitting Co.— 5% Van Q- Ltd. Wilsil, Wilson & Company, 7 _____ common 9-15 25c $1.27% West Corp. Inc., Winn (quar.) Wesson 9-15 9-12 Oil Stores, 8-15 $1 & 10- 1 9-23 10-15 9- 9 10-15 10- 1 10- 1 10- 1 10-1 10- 1 9-15 —— 9-15 Baking Co., common preferred (quar.) 4% 9-15 75c __ & 1 10-, 1 10c — Power 9-9 9-15 40c (quar.) Gooderham West 15c quar.) Utah common 50c 25c 20c 15c 25c 30c $1.06% 75c t25c $1.06 Vi tl5c $1.50 — — (quar.) 9-14 (quar.) (Hiram) Wentworth 1 $2 ____ 6 % 10-10 1 25c Wellington 9-28 10- Utah Hotel Company.. Utah Oil Refining (quar.) 9-20 10-20 10- 25c (quar.) 9-16 preferred (quar.) preferred (quar.) Wiser Weber Showcase & Fixture Co., 5 % pfd. (quar.) Weeden & Company— 9-28 $1.12% 9-15 9-30 9-16, 10-21' 9- 9 9- 9:: 9- 9 >; 9-19' 9- 9 10- 1; ■ 8-31 9 30'.' 9-20t 9-20 9-20 9-1 9-12 (quar.) Co. Co. River Wieboldt $4.25 10- Wayne 1 (quar.) ; 4%% scries B preferred (quar.) Upson Company, 4%% preferred (quar.)___ Upressit Metal, 8% preferred (accum.) Upson Walton Co. (quar.i Utah Home Fire Insur. Co, (increased 2 9- 25c Inc. preferred Waukesha 7 50c preferred A Wichita 37%c 9-15 United 6% Wickes 7-17 75c (quar.).. Waterloo, Cedar Falls & Northern 9-10 United Utilities & Specialties Wallpaper, Inc., 4% pfd. (quar.) Universal Winding Co., common Upper Michigan Power & Light Co.— 4-17 9-15 (quar.) $6 9-15 3 9-15 10- $8.75 _____ 5-1-50 8-1-50 9-15 10- 1 11- 1 10- 1 10-1 10- 1 Corporation (irreg.)—— Corporation (quar.)__ ______—. Whiting Disney Productions— Warner 6 ., 1-16 Washington Water Power Co.— 6 9-15 ti5c (quar.) Co. 2-1-50 Paper Motor Woodward 9-19 1 prior preferred $5 Whitaker Wfrite 9-15 9-9; 10- 1 . $1 $1.25 $1 $1.25 * 9 9- 10-17 » 5%% 1 30c (quar.) Ltd.... ; 8-31 1 11- convertible preferred 11-30* 43%c common preferred 8-31 9-20 Ward 9-15 62%c (quar.)...: 9-20 9-23 8-31. 10-1 prior lien (quar.) ______ ______ $5 prior preferred (quar.)— Wheeling Sieel Corp., common.—_____—_ 9-15 6% 9-15 10- 55c _ 1 10- 9-15 10- l 10-1 68%c 4% on Co. (quar.) common Extra was 25c was $1 — $1 (quar.) 8-31* 25c .... 8-31 f. 9-15 •' 9-15 8-15 10- 1 9-15 25c J25c 25c 75c — (quar.).————. Ltd. (quar.)... 9- s-a) reported dividend Corp. System, Walker Walt Printing & Lithographing, preferred 6 Extra 9-15 50c Tobacco Co., S. 9- .. Walgreen Company, 12-16 : (increased). 9-20 Weyenberg Shoe Mfg. Co Wheeling & Lake Erie Ry., Inc. (George), r < : $1.25 50c ' ____—_ 10c (increased previously Latest Electric Waldorf 8 22%c («-ai____ 25c Wabasso 'Cotton 9-15 75c Co. 8 Station) 1. Wagner 6 9- 1-3-50 ... Potash 5% U. 9- 9-30 1 Extra S. 9-14 10- $1 $1.75 (quar.) 9- 7%c Building incorrect. July $1.75 Card Goodwill of 8-10 25c (quar.) 1 Wagner Baking Corp.— 60c (quar.) 4%% preferred Quarterly S. Playing 9-20 10- (quar.).. Extra U. 10-14 10- Y.) U. S. Pipe & Foundry Co. U. Wacker-Wells $1.75 ... Extra Lines, 9-16 20c 7 % preferred 8. 10- Brake— $1 9-30 (The R J $1 _________ (N. — — Co W 20c common Iron & 9-16 Payment ... U. Weston Extra ... preferred (quar.)... Freight Co U. Mold 9-30 — (quar.) A B Co. ———— $1.75 preferred Co., 10- 7 9- 9-15 15c (quar.) Co., Class 9 9-12 $2.50 Cold $4 9 9- 1 25c .... $7 9- 3 10- Inc.— United New Jersey Railroad & c.tnai uuuv.) United Public Markets (Rhode Island) (s-a) U. 3 10- 55c __ ;___ 10- 25c —; ... Westmoreland 8 50c 9- . 1 9- 50c 50c 12%c 10-14 ^ 9- 1 Vulcan $1 — Co 9-15 Westmoreland, a - (quar.) preferred 10- 9-16 1 5 Illuminating Coal Co . (quar.) $2.50 $2.50 20c 40c —— 9-15 9- 10- United Air . 11- 1 2- 1' $1.25 11-15 $1.25 2-15-50 (quar.) A Tablet & Stationery Corp. Western 5% 9-20 9-15 10-15 United Fuel Investments, Ltd.— 6% class A preferred (quar.).... Unitqd Gas Corp ... Westinghouse 1 $1.25 (extra) 9-15 preferred 10- 9-30 ■ America, (quar.)—$1.12% (quar.) Co. 1 preferred A 0% 5% 156c $15c 10-10 10c United Biscuit Co. of preferred 9-9 12- 1 9-1 9-1 Virginia-Carolina Chemical Corp.— 6% participating preferred (accum.) $1.50 Virginia Electric & Power Cq,, com. (quar.) 30c $5 preferred (quar.)— ——— — $1.25 Virginian Railway, common (quar.) — 62%c 6% preferred (quar.).— ... 37%c 6% preferred (quar.)— ————— 37%c 6% preferred (quar.) 1 37%c 6% preferred (quar.)...—. ——,— 37%c Visking Corporation ____________—50c Vulcan Corporation— $3 convertible prior preferred (quar.) 75c Vulcan Detinning Co., common 40c 7% preferred (quar.) ;— 35c (reduced q_ar.> RR. 9-20 12-10 9-10 9-15 —— preferred (S-a). Victor Equipment Co. (quar.).— Viking Pump Co. (irreg.) ___— 9-20 9-15 (s-a)_. Pacific Western 10c $1.25 (reduced)——..— preferred (quar.)— Viceroy Mfg. Co., Ltd ... Vicksburg Shreveport & Pacific Ry. Co.— 9-12 9-12 10- $4.50 5% of Canada, Ltd.— preferred (quar.) ... 4%% 9-15 Company Corp., Corp. Verney 9-22 $1 Union Stockyards Co. oi Omaha, Lcd._—85c (quar.)____ Circuit— 2 9-22 1 preferred Car 25c : 10- Union Wire Rope Corp. United Artists Theatre Norman $1.50 fqu'ar.) common 9 9- 1 $1.25 5% Van Vapor Heating Corp.—50c Veeder-Root, Inc. (quar.) ———50c 9-10 9-16 50c ; —- Union $6 10- 25c (quar.) Union Bag & Paper Corp, (quar.).^ Union Carbide & Carbon Corp Union 1 Share Name of Company Payable of Rec. When Holdert Payable of Rec Per v Holders When 9-20 Vapor 10- 82%c - Monday, September 12, 1949 CHRONICLE rer Share o1 Company 8-31 9-12 50c «... Name Corp. Quarterly. FINANCIAL M,.r.V, Holders Payable of Bee. Share Twin Disc Clutch Co. 208 When >Per " Name of Company COMMERCIAL ' & 3% income tax. dividend Wisconsin 30% Jamaica income tax. tax. CITY DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS ARIZONA 930—were Maricopa County Sch. Dists. (P. O. Phoenix), Ariz. Bond Sale The $75,000 Sch. Dist. No. 1 bonds offered Aug. 15— v. 170, p. 346—were awarded to Kenneth — A. Ellis & Co., of Phoenix, and John Nuveen & Co., of Chicago, jointly, as l%s, at a price of 1.87%. on 100.005, a basis of about Dated Aug. 1, 1949. Due Aug. 1 from 1950 to 1967 inclu¬ sive. Additional Sale—The $13,000 Sch. Dist. No. 69 bonds offered on same date were awarded to awarded Bank the to of America National Trust & Sav¬ ings Association of San Francisco, the only bidder, as follows: $82,500 21/4S. Due on Sept. 1 from 1950 to 1960 inclusive. 37,500 2V2S. from 1961 Due to 2%s. 30,000 from 1966 Due to on 1965 on 1969 Sept. 1 inclusive. Sept. 1 Lincoln Sch. Dist., San Joaquin County (P. O. Stockton), Calif. Bond Sale—The $65,000 school bonds offered Sept. 6—v. 170, p. basis of about 3.01%. 1, 1949. Dated July July 1 from 1950 Due on 1962 inclusive. addition to the above cou¬ 1949 to highest Jan. July 1, 1, 1951. The second bidders Dist. for Sch. interest to total 3%, from Oct. 1, 1949 to July 1, 1950); for Sch. Dist. No. 69 bonds, Henry Dahlberg & Co., for 3%s, at a price of par. Kings County, Stratford Union Elementary Sch. Dist. (P. O. Hanford), Calif. Bond Sale—The $150,000 school bonds offered Sept. 6—v. 170, p. interest 1965 inclusive. Principal (A-O) payable at the County Treasurer's office. A cer¬ to 1969 awarded were American National California Board of of the City Offering—Fred Clerk, will bids until 10 receive Sick, sealed Bank, Los Angeles, San Bond W. Sav¬ 000 plant 5% tion, of San Francisco, at a price of 100.01, a basis of about 2.44%, after $48,000 Heller, Bruce & Co., for ly-s; $12,000 as 2s, and as 21/28, at :a price of Yuha City), Calif. Sold—An issue of $50,000 school bonds has been sold to the Bank of America National Savings Association, of San Francisco, at a price of 100.09, a basis of about 2.16%, as follows: as 2s. Due on July 5 1950 to 1954 inclusive. as 2y4s. Due on the from Trust 5 Montgomery Creek Union High Sch. Dist., Shasta County of $75,000 Oct. on America Savings California, 1 at of National Association the holder. Bidders to option of in of Los of O'Melveny a & purchaser. A Myers, certified Pres- leigh, County Clerk, will receive check for 2% of the bonds, pay¬ able (P. O. Redding), Calif. City, to the (These bonds were the election held on is 4s. as Due on June i 2s. Due as on June 1 from from 1955 to 1957 inclusive. 300,000 2y4s. as from 290,000 required. 1958 Due to 1967 2y2s. as Due on June 1 inclusive. on June from 1968 to 1976 inclusive. Bout- Oct. Dated 1, Due 15 years redeemable its at from date and any time on and in the amount of Said bond shall be' ex¬ changed for not exceeding 3Vz%date, 1 - the bonds of denomination of the City, in $1,000, and maturing Oct. 1, as follows: $18,000 in 1952 and 1953, $19,000 in 1954 and 1955, $20,000 in 1956, $22,000 in 1957 and 1958, $23,000 in 1959, $24,000 in 1960 and 1961, $25,000 in 1962, $26,000 in 1963 and COLORADO 1964, $27,000 in 1965, $28,000 in 1966, $29,000 in 1967, and $30,000 Colorado Springs, Colo. in Bond Offering—R. F. SonnekCity Clerk, - will receive son, sealed on bids Sept. until 15 for 10 the (MST) purchase of a.m. $175,000 not to exceed 21/£% in¬ terest park bonds. 1949. authorized at on Nov. from 2, 1948.) B. will terest water bonds. Refunding from 1950 to 1954 inclusive. 90,000 Clerk, $400,000. mul¬ Angeles, will be furnished the $150,000 the rate name interest, expressed in America follows: as the tiple of y4 of 1%. The approving to Offering—Ruth A. & opinion July from 1955 to 1959 inclusive. Bond Bank Trust & $25,000 Due 1950 to 1979 inclusive. Prin¬ cipal and interest (A-O) payable at the City Treasurer's office, or at the National City Bank, New York City, or at any branch of Live Oak Union School District, Sutter County (P. O. Bonds 1949, Oct. $1,000. from 100.04. • Dated is required. Vista, Colo. receive (MST) on Sept. 14 for the purchase of $400,000 not to exceed 3J/2% in¬ Series B, bonds. 1, 1949. Denomination as of check payable to Offering—Geo. City works, was the Bank awarded to on sealed bids until 7:30 p.m. der 4% certified bonds, well, 1949. exceed p. A of the treat¬ previously 834, were as 170, au¬ held $830,- sewage bonds, v. election the City Treasurer, National Trust & Savings Associa¬ to in cost. without for Bond Details—The bonds the are an approving Bosworth, Dick & Dason, of Denver, will be furnished to the purchaser Rafael, Calif. Sale at April 5, 1949. The opinion of Pershing, interest water 1950 to 1963 a.m. These thorized Monte (not $950,000) ment at office. interest. Supervisors, is required. San Diego, Calif. Bond & Association, of San Fran¬ at 0.61804% interest. The second highest bidders were the American Trust Co., San Fran¬ cisco, at 0.77% interest, and the 0.7761% Chairman Trust of cisco, payable the Bank ings tified check for 10% of the bonds, to the to $18,000 from 1955 to 1959 inclu¬ sive. Principal and interest (M-S) payable at the City Treasurer's not Oct. 15 from on 25,000 CALIFORNIA 5% City), Calif. Note Sale—The $1,500,000 tax anticipation notes offered Aug. 30 inclusive. The second highest bid¬ Due & 1 bonds, Refsnes, Ely, Co., and Associate, for $15,000 as 3/4s; $15,000 as Is; $15,000 as l%s; $15,000 as iy2s, and $15,000 as l%s (plus additional exceed County (P. O. Redwood noted No. Beck were: to not building bonds. Dated Oct. 1, 1949. Denomination $500. Due on Oct. 1, as follows: $1,000 from 1950 to 1954 inclusive; $1,500 from 1955 to 1964 inclusive, and $1,000 from San Mateo (PST) on Sept. 27 for the purchase of $2,250,000 $5,000 pon, the entire issue will bear in¬ terest to total 4%, from 000 834—were awarded to the County Refsnes, Ely, Beck & Co., of Phoenix, and Boettcher & Co., of Denver, joint¬ ly, as 2%s, at a price of 100.02, a In (PST) on Sept. 26 for the purchase of $25,- and interest inclusive. Employees Retirement Board, as 2s, at a price of 100.001, a basis of about 1.99%. Dated Oct. 15, 1949. to sealed bids until 2 p.m. Dated Sept. 1, Denomination $1,000. Due Sept. 1950 1, to as follows: 1954 $17,000 inclusive, and 1968. 1960 to in their All bonds maturing in 1968, shall be redeemable inverse numerical order at the option of the City on Oct. 1, 1959, or on any interest payment date thereafter, at a price of the par value interest tion. to The thereof the with date approving of accrued redemp¬ opinion of Volume 170 COMMERCIAL THE Number 4837 V Myles will P. Tallmadge furnished be the of City. of A Denver, 1962, $49,000 in the at expense 1964, $52,000 in check 1966, $55,000 City 1968, $59,000 in in in in in certified for $10,000, payable to 'ireasurer, is required, the 1970, CONNECTICUT . Joseph A. — Aaorno, State Treasurer, will ceive sealed (EST) on of bids necticut bonds, until noon University coupon divided of Con¬ registered or follows: as 15, from follows: as 1050 to $180,000 1979 on $185,000 1969 and , inclusive, inclusive. from 1970 to $70,000 in 1977. Bids same time $73,000 for bonds maturing in the 1954 to 1977. The bonds ma¬ years turing in the 1958 and there¬ year after shall be callable for retire¬ ment prior to maturity on Dec. 1, 1957, or on any interest paying the of to name interest, expressed in multiple of a Bidders thereafter. rate Va 1/10 or of Principal and interest (J-D) 1%. building bonds. Due on Oct. 15, as follows: $50,000 from 1950 to 1968 inclusive, and $30,000 in 1969. urer's office the at or Connecticut Trust Hartford- Co., Hartford, pr at the Manufacturers Trust Co., New York City.. Bidders to name the rate of interest, expressed in multiple of J/g of 1%. a proving opinion The ap¬ Storey, Thorn- dike, Palmer & Dodge, of Bos¬ ton, will be furnished to the purChaser without cost. check for $125,000, certified A payable to the State, is required. Connecticut (State of) Note Sale—The $10,000,000 first series anticipation notes (Rental Housing) offered on Sept. 8—v. 170, p. 834—were awarded to a group composed of the Guaranty Tiust Co., and C. J. Devine & Co., both of New York; Harris Trust & Savings Bank, Chicago, and the Mercantile-Commerce & Bank Trust Co., St. Louis, at 6% in¬ terest, plus a premium of $554,Notes 641.15. dated are 1949 and mature Sept. 15, Sept: 15, 1950. The Branch Banking & Trust Co., of Wilson, N. C., was the sec¬ ond high bidder, naming a rate of 6%, plus a premium of $529,545. on Portland; Paine, Webber, & Curtis of Chicago; Trust Company of Georgia of At¬ Jackson lanta; Marine Trust Co. of Buf¬ falo; Andrews & Wells, Inc., of New York; and Laird & Co. of Wilmington, as 2s, ac a price of 100.65, a basis of about 1.93%, as New York to the required. Bond Offering—Alfred B. BowTown ceive sealed will Treasurer, office bids at the of 750 Main & Howard, Day, Perry re¬ St., Hartford, until 2 p.m. (DST) Sept. 12 for the purchase of $378,000 school, issue of 1949, coupon bonds. Dated Oct. 1, 1949. Denomination $1,000. Due on on Oct. 1, as 1950 to 1967 in 000 the $20,000 from inclusive, and $18,- follows: 1968. of rate Bidders to name interest, expressed in Fla. check certified $5,000, payable required. the to 1961r inclu¬ 1954 to "000 from sive; $41,000 in 1962 and 1963; $42,000 from 1964 to 1968 in¬ Dated Aug. $1,000. Principal and interest (F-A) payable at the Chemical, Bank & Trust Co., New York City Bidders to name the rate of in¬ terest, expressed in a multiple of Va of 1%. The approving opinion of Caldwell, Marshall, Trimble & Mitchell, of New York City, will be furnished to the purchaser. A certified check for 2% of the quired. until 4 p.m. the Tor •13 •not 1949 purchase exceed to Sept. $490,000 (DST) 2% on of interest school bonds. Dated Oct. 1, Due coupon GEORGIA Oct. 1 from 1950 to 1959 inclusive. Principal and in¬ terest (A-O) payable at the First National Bank, of Boston. Bid¬ $49,000 name in ^expressed or the rate of interest, a multiple of 1/10 ■% of 1%. The approving opin¬ ion of Storey, Thorndike, Palmer Dodge, of Boston, will be fur¬ & nished to the purchaser. FLORIDA 1463, Cocoa), Fla. Box The $755,000 — Series revenue, Sept. 6 170, p. 835—were awarded to Wood, Struthers & Co., and will Chairman, until bids 2 receive sealed (EST) on Sept. 29 for the purchase of $1,365,000 not to exceed ZVz% Canaveral Port District Dec. 000. Due 000 in 000 in 000 in revenue 1947. 1, Dec. bonds. Dated Denomination 1, as $1,- follows: $35,- 1952, $36,000 in 1953, $38,- 1954. $39,000 in 1955, $40,1956 $41,000 in 1957, $42,- 1n 1958, $44,000 in 1959, $45,000 1960, $46,000 in 1961, $48,000 1952 & on inclusive, and National Bankers Bank, 1954 to 1957, $8,000 in 1958 to $9,000 in 1962, $10,000 of 100.25, a Dated July 1, 1949. Due on July 1. 1959. The second highest bidder was Halsey, & Stuart; Co.; Lehman Bros.; Glore, Forgan & Co.; Blair & Co., Pneips, Fenn & Co., Equita¬ Braun, Bos- inc.; ble Securities Corp.; worth & Co.; John Nuveen & Co.; Co.; Milwaukee; Otis & Co.; Martin, Burns & Corbett; Mullaney, Wells & Co.; and F. S. Y"antis & Co., jointly, for 2s, at a Milwaukee and Offering — not to exceed 3% interest school site and purchase 1949. Dec. 1951 of $750,000 Dated Sept. 1, Denomination $1,000. Due on 15, as follows: $20,000 from to 1955 inclusive; $25,000 in bonds. 195-7 and 1957; $45,000 in 1958 and Bidders to name expressed in a multiple of Va of 1%. The ap¬ proving opinion of Chapman & Cutler, of Chicago, will be fur¬ the rate of interest, Hawaii (Territory Bond Offering Brown, sealed Treasurer, bids the at of) William — will B. receive Bankers Trust nished to the purchaser without certified check for $10,000, Street, New York cost. A (EST) on Sept.! payable to the Township 28 for the purchase of $8,000,000 Treasurer, is required. public improvement, Series A, Galesburg, III. Issue of 1949 bonds. Dated Oct. Co., 16 Wall City, until 10 Oct. from 1. 1952 a.m. follows. as to 1968 $445,000 inclusive, and the rate of name a multiple cipal and office of interest, expressed in of 1/10 of 1%. interest payable the Treasurer Prin¬ at the of the Territory of Hawaii, in Honolulu, or, at the option of the holder, at the Bankers Trust Co., New York City. The approving opin¬ ion of Wood, King & Dawson, of New York City, will be fur¬ nished in cost. in the to the purchaser A certified without check for 2% bonds is required. of School expense of bonds $900,000 water offered Sept. 6— awarded to Smith, Barney & Co. of New York; Bacon, Whipple & Co., and Kebbon, McCormick & Co., both of Chicago, jointly, as 2V4S, at a price of 100.08, a basis of about v. 170, 930—were Dated May 1, 1949. 1950 to 1979 inclusive. 2.24%. from p. Due The the School Town, Sale—The highest bidder was F. Details—The addition $7,500 purchased bonds by the Union State Bank of Mo¬ nona, as 2s, at a price of par, as previously noted in v. 170, p. 931, are in the denomination of $500, and due are follows: as $1,000 on 1950; $1,500 on Feb. and $1,000 on Aug. 1 in 1951 and 1952, and $1,500 on Feb. 1, 1953. Aug. 1, Sioux U Bond City, Ia. Offering—C. A. Carlson, City Treasurer, will receive sealed bids until 2 p.m. (CST) on Sept. 20 for the purchase of $250,000 bonds, divided as follows: $100,000 sewer bonds. Due Dec. on follows: $30,000 in 1951, and $35,000 in 1952 and 1953. 50,000 flood protection bonds. Due $10,000 on June 1 from 1, as 1955 inclusive. to 1951 water revenue b b n d s. Due on Nov. 1, as follows: $20,000 in 1950, and $40,000 100,000 is in 1952. and 1951 build¬ Dated Aug. 1, 1949. Denomina¬ ing bonds offered Sept. 6—v. 170, tion $1,000. Principal and interest p. 931—Were awarded to Raffenpayable at the City Treasurer's sperger, Hughes & Co. of India¬ office. The approving opinion of napolis, as l%s, at a price of Chapman & Cutler, of Chicago, 100.63, a basis of about 1.63%. will be furnished to the purchaser Dated July 1, 1949. Due on Jan. without cost. A certified, check 1 and July 1 from 1951 to 1957 for 2% is required. inclusive. The second highest bid¬ der was l%s, at $45,000 John Nuveen & Co., for a Twp. (P. O. Merrillville), Ind. Bond Offering—Teddy R. HouchTwp., Sch. will Trustee, receive sealed bids until 8 p.m. (CST) on Sept. 12 for the purchase of $98,000 not to exceed bonds. 3% interest building Dated July 1, 1949. De¬ $1,000. Due $7,000 on nomination from July 1 1950 to 1963 inclu¬ sive. Bidders to name the rate of interest, expressed in a multiple of Va of 1%, principal and interest (J-J) tional Waterloo Indep. J price of 100.31. payable at the First Bank, Crown Point. Na¬ The Spencer Twp. Sch. Twp. (P. O. Hayden), Ind. Sch. Dist., I a. A. Ralston, Offering—E. Bond Secretary of the Board of Direc¬ tors,will receive sealed bids until 2 p.m. (CST) on Sept. 20 for the purchase of $5,000,000 not to ex¬ ceed 5% interest building bonds. Denomination $100,000 on May 1 in 1951 and 1952; Dated Nov. 1, 1949. $1,000. and Due 1 Nov. $125,000 on May and Nov. 1 from 1953 and 1968 inclusive, and $150,000 May on to Bidders 1969. 1 Nov. and name the 1, rate expressed in a multi¬ ple of Vs of 1%. Principal and interest (M-N) payable at the of interest, Treasurer's District The office. approving opinion of'Chapman & Cutler of Chicago will be fur¬ nished to the purchaser. A cer¬ tified check fcr 1% of the bonds, payable J; Burk, A. to District Treasurer, is required. , Bond Offering—Joseph KENTUCKY N. Sept. 19 for the purchase of $15,000 not to exceed 5% interest im¬ $750 on June 30 and Dec. 30 from 1950 to 1959 inclusive. Bidders to name the rate of interest, ex¬ multiple of Va of 1%. The approving opinion of Ross, McCord, Ice & Miller, of Indian¬ apolis, will be furnished to; the purchaser to the expense of the School Township. A certified check for $750, payable to the pressed in a School (P. County Johnson Megel, Secretary of the Township Advisory Board, will receive sealed bids until 8 p.m. (CST) on ^ownship, is required. S. Washington Twp. (P. O. R. R. Moseley & Co.; White, Weld & No. 3, Logansport), Ind. Co.; B. J. Van Ingen & Co.; Julien Bond Offering—Charles Steph¬ Collins & Co., and J. M. Dain & Co., jointly for $200,000 as 2VfcsJ enson, Township Trustee, will re¬ and $700,000 as 2V4S. at a price of ceive sealed bids until 7:30 p.m. (CST) on Sept. 15 for the pur¬ 100.08, a basis of about 2.32%. second the name Indep. Sch. Dist., Ia. Sale Bond school the provement 1949 bonds. Dated Oct. 1, 1949. Denomination $750. Due Bond Sale—The revenue Monona Highland School Town, Ind. Bond in, Eva Schultz, Bidders to of IOWA purchaser at the County Sch. Dist. No. 44 building rate 1984. Ross (P. O. Lombard), III. Bond tion $1,000. Dated June 1, 1949. Denomina¬ price of 100.42. Du Page Dated Aug. 15, 1949. Denomina¬ interest^ expressed in a 1961, multiple of Va of 1%. Interest in 1963 to 1966, $11,000 in (J-J). The approving opinion of 1967 to 1969, $12,000 in 1970 Ross, McCord, Ice & Miller, of and 1971, $13,000 in 1972, Indianapolis, will be furnished to $14,000 in 1973 to 1975, $15,- the purchaser at the expense of 000 in 1976 and 1977, $16,000 the Township. A certified check in 1978, $17,000 in 1979, $18,- for $500 for each issue, payable 000 in 1980 and 1981, $19,000 to the Township, is required. in 1982, and $20,000 in 1983 price a basis of aboujt 1.84%.e 1969 inclusive. 60,000 Civil Twp. bonds. Due $2,000 on July 1, 1951; $1,000 on Jan. 1 and $2,000 on July 1 •Board. A certified check for $300, at l%s, as exceed to from 1966 to 1969 inclusive. 379,000 improvement bonds. Due Dec. 1, as follows: $7,000 in Trust Co., not $65,000 School Twp. bonds. Due $1,000 on July 1, 1951; $2,000 on Jan. 1 and $1,000 on July 1 from 1952 to 1959 inclusive, and $2,000 on Jan. 1 and July $6,000 in 1953. 1, Chicago bank. HAWAII $435,000 in 1969. Bidders to p.m. to $125,000 1 from 1960 to bonds. Due Dec. 1, as follows: $5,000 from 1950 of 51 4% interest bonds, divided as fol¬ lows: follows: as Bramhall, Barbour & Co., both of 1959; $50,COO from 1960 to 1963; approving opinion of Chapman & New York, jointly, at a price of Cutler, of Chicago, will be fur¬ $55,000 from 1964 to 1967 inclu¬ 105.17, a basis of about 2.03%.: nished. A certified check for" $3,sive; $60,000 in 1968, and $30,000 Dated Aug. 1, 1949. Due on Aug. 1 000 payable to the School Town¬ on Sept. 1, 1969. Principal and from 1950 to 1969 inclusive. ship, is required. interest fJ-D) payable at some ' Bond Offering—A. Fortenberry, Chicago, both of New York; A. C. Allyn & Co., and Stifel, payable to Nicolaus & Co., both of Chicago, .required. —v. on O* of $21,000 refunding July 1, 1949. The second bidder was Harriman Bank Trust' 1, 1949. Denomination $1,000. Due / TJanavedrtd Port Authority (P. <. Sale on ders to auiy Inc.; Smith, Barney & Co.; First Boston Corp.; The Illinois Com¬ pany, Chicago; Mercantile-Com¬ the Ga. Atlanta, Certificate Denomination $1,000. 1949. on Secretary of the Board of Educa¬ tion, will receive sealed bids until 7:S0 p.m. (CST) on Sept. 13 for ... A 1949 certificates offered * all & Co., Inc.; Blyth & Co., Ripley the City, is re¬ bonds, payable to is 2V2% water works Westport, Conn. Bond Offering—The Board of Selectmen will receive sealed bids 1949. Denomina¬ 1, tion for Town, Dated highest Chase Howard, of Hartford, will be A Peoria, Barcus, Kindred & Co., Municipal Bond Corp., J. T. Swartz & Co., and Benjamin Lewis & Co., 1969. merce 831,000 white way lighting sys¬ tem, Series 2 bonds. Due on Aug. 1, as follows: $36,000 in 1950; $35,000 in 1951; $44,000 in 1952; $45,000 in 1953; $42,- multiple of 1/20 of 1%. The approving opinion of Day, Berry furnished. posed of Negley, Jens & Rowe, of tion $1,000. Principal and interest Co., St. (J-D) payable at the Northern Offering—C. W. Tomlin- Louis; A. G. Becker & Co.; F. S. Trust Co., Chicago. Legality ap¬ son, City Clerk, will receive Moseley & Co.; First of Michigan proved by Charles & Trauernicht, sealed bids until 11 a.m. (EST) on Corporation; Stern Bros. & Co.; of St. Louis. Sept. 28 for the purchase of $1,- Bacon, Whipple & Co.; Kebbon, INDIANA 481,000 not to exceed 3%% in¬ McCormick & Co.; Roosevelt & terest public improvement coupon Cross; Field, Richards & Co.; East Gary School Town, Ind. bonds, divided as follows; McDonald & Co.; R. S. Dickson & Bond Offering — The Board of $650,000 storm sewer, Series 1 Co.; First National Bank, Min¬ School Trustees will receive bonds. Due Aug. 1, as fol¬ neapolis; First National Bank, St. sealed bids until 8 p.m. (CST) on lows: $3,000 in 1950, $1,000 in Paul; J. M. Dain & Co.; Sills, Sept. 21 for the purchase of $16,1951, $5,000 in 1952 and Fairman & Harris; and McMaster 000 not to exceed 4% interest im¬ 1953, $18,000 in 1954, $13,000 Hutchinson & Co., jointly, for 2s, provement of 1949 bonds. Dated in 1955, $20,000 in 1956, $18,- at a price of 100.36. Aug. 15, 1949. Denomination $1,000 in 1957, $28,000 in 1958, Due $1,000 on July 1, 1950, Cook County, Forest Preserve Dist. 000. $22,000 in 1959, $31,000 in and $1,000 on Jan. 1 and July 1 (P. O. Chicago), III. 1960, $13,000 in 1961, $5,000 in Bond Sale—The $750,000 work¬ from 1951 to Jan. 1, 1958 inclu¬ 1962 and 1963, $30,000 in 1964 sive. The approving opinion of ing cash fund bonds offered Sept. $92,000 in 1965 and 1966, $84,7—v. 170, p. 835—were awarded Ice, McCord & Miller, of Indian¬ 000 in 1967, $85,000 in 1968, to a syndicate composed of the apolis, Will be furnished to the and $80,000 in 1969. Miami Beach, a & Due $400,- 4% sewerage revenue bonds has been sold to a syndicate com¬ 1,600,000 highway working cash bonus. of 000 $4,500,000 working cash fund, 1949 bonds. Due on July 1, 1959. funrt chase issue Bond clusive, and $43,000 in 1969. den, Bonds Sold^—An follows: Marshall, Trimble & Mitchell, of East Haven, Conn. '[ — Bank of Co., New York City. The approving opinion of Caldwell, the Port Authority, is payable M the State Treas-* saie offered Bank, Chemical Bank & Trust Co., both of New York; First National pay¬ terest Marion, III. Tile $6,100,000 Sept, 7—v. 170, p. 835—were awarded to a syndicate composed of tne National City Bona (1027) ' - . , County (P. O. Chicago), III. bonds able at the Central Hanover Bank Dated Oct. 15, 1949. Denomina¬ tion $1,000. Principal and in¬ CHRONICLE •. • ILLINOIS Cook City, will be furnished purchaser at the expense of the Authority. A certified check for 2% of the bonds, payable to : FINANCIAL & . & Trust 980 000 . and date $5,500,000 building bonds. Due Oct. 1976, re¬ Oct. 6 for the purchase $6,480,000 $66,000 ■ in in in in in in in 1963, $50,000 1965, $54,000 1967, $57,000 1969, $60,000 1971, $64,000 1973, $68,000 1975, $72,000 will also be received at the Connecticut (State of) Bond Offering $62,000 1972, 1974, r. • O. Paintsville), Ky. Bond S a 1 e — The $300,000 school building revenue bonds of¬ fered Sept. 6—v. 170, p. 931—were to Pobl & Co., of Cin¬ awarded cinnati, as 3s, 3 'As, and S^s, at price of 100.011. Dated July 1, 1949 and due on July 1 from 1951 to 1974 inclusive. Callable on any a payment date after July 1, hieh bid of 100.003, for 3V2S and 3%s was made by interest 1954. Second Fox, Reusch & Co., of Louisville and Cincinnati. Jefferson County MetroOoVtan Sewerage District (P. O. Louisville), Ky. Paying Agent — Bankers Trust Company has been appointed New Paying Agent for $4,000,000 Louisville and Jefferson County; Y'ork Kentucky. District Metropolitan Sewer bonds (se¬ sewer revenue ries 1949), having various interest 52 rates, due issue the to Barnstable, syndicate headed by Blyth & Co., Inc., New York, appeared in v. 170, p. 931. Ohio a Bond Sept. 6 (DST). ^00 Due from 1951 to 1966 inclusive. Due on March 1 from 1967 to 1970 inclusive. 28,000 3V2S. as second The Bankers highest bidder was Co., <100 in in the reverse bering whole a Ripley & Co., Inc., York, as 2s, at a price of 101.287, a basis of about 1.832%. Second high bid of 101.28 for 2s was made by Estabrook & Co. Sale consisted bonds. 1959 from Not Sold—The exceed school bonds 170, accepted. were , inclusive. from 1960 to National Bank, Boston. Le¬ gality aproved by Storey, Thorndike, Palmer & Dodge, of Boston. Lawrence, Mass. Sale—The $160,000 mu¬ nicipal relief, Act of 1949, first issue bonds offered Sept. 7—v. 170, p. 932—were awarded to the Arlington Trust Co. of Lawrence, as Is, at a price of 100.25, a basis of about 0.90%, Dated Sept. 1,' 1949. Due on Sept. 1 from 1950 to ; Bond La Parish School District Salle No. 5 (P. O. Jena), La. 7 Certificate Sale certificates — offered The $71,000 Sept. 3 were awarded to the Bank of Jena, and the La Salle State Bank, of Jena, jointly, as Winn . Parish (P. School Winn field), O. 1953 inclusive. Districts La. Cambridge)+ Mass. ; awarded to Scharff & were of New Orleans, $30,000 New as Calvin bonds. Due receive Sch. ! Due July on Dist. Sch. 1965 inclusive. / of Sept. 16, 1949. bonds. Dodge, 11 a.m. for the pur¬ approving opinion of of Palmer & will be fur¬ Boston, ' Anne Arundel County (P. O. Annapolis), Md. / Palmer & Dodge, of Boston. vali, President of the Board County Commissioners, will , ceive chase 4% bids sealed <DST) Revere Housing Offering—Weems R. Du- on of until 11 Note of bids a.m. capital improvement •of 1949 coupon bonds. Dated Sept. 1, 1949. Denomination $1,000. Due $36,000 on Sept. 1 from 1950 to theNational Principal and in¬ (M-S) payable at the Ann¬ Boston. furnished without for cost. $18,000 of A certified bond is required. sioners, will receive the 000 $50,^0 on Oct. 1 from 1950 to 1963 Principal and interest Easton payable at JEaston. Bidders to name of interest, tiple of Va to expressed in a mul¬ 1/10 of 1%. The a.m. 1 Due from 1951 to 1955 inclusive. to made by a group composed of Kidder, Peabody & Co., Braun, Bosworth & Co., Inc, Fahey, & Clark McDonald- and Co., Moore & Co. on Oct. 1 from Oct. Note Offering—Leora M. Treasurer,' will County until bids sealed Sept. of the 15 10 to $45,000 lateral coupon follows: a.m. mium called Bidders interest, June to 1 y4 of 1%. Principal and in¬ (J-D) payable at the State Savings Bank of Fenton. ; The' approving opinion of Miller, Canfield, Paadock & Stone, of Detroit, will be furnished to the purchaser. A certified check for 2% of the bonds, payable to the Treasurer, is required. , Frenchtown from 1950 to Bailey, receive (EST) Twp. Sch. Dist. No. 9 1954 Bond Offering — Louis Knapp, Director, will receive sealed bids until 8 p.m. bonds. City in Detroit, New York City. Bid¬ (EST) Sept. 15 for on the purchase of $15,000 not to ex¬ ceed 5% interest building coupon nomination the 100 Cole Road, Monroe), Mich. cial of of rate multiple a terest (P. O. inclusive. bank the name expressed in of from 1950 to 1954 inclusive. on redemption after June sewer, 1,025,000 street and, alley paving, Series O bonds. Due $205,000 > lor 1, 1959. District Series N Due $9,000 on June 1 bonds. 1, 1957, but on or June 1, 1959; and no pre¬ shall be paid on bonds prior to Dated May 1, 1949. De¬ $1,000. Due $3,000 on interest, expressed in ,a multiple of % of May 1 from 1950 to 1954 inclusive* Bonds maturing in 1953 and 1954 may be redeemed at the option of to the par Chicago, ders to or the rate of name 1%. The approving opinion of the District, in inverse numerical Miller, Canfield, Paddock & order, on any interest payment Stone, of Detroit, will be furnished date on or after May 1, 1950, at purchaser. A certified check for $21,000, payable to Treasurer, is required. the City and accrued fixed date for Twp. Sch. Dist. No. (P. O. Elsie), Mich. ; 2 ; Bond Offering—Carl A. Hovey, Secretary of the Board of Educa¬ tion, will receive sealed bids un¬ til 8 p.m. (EST) purchase of exceed 4% on Sept. $50,000 15 for not to interest building cou¬ bonds. Dated Sept. 1, 1949. Denomination $1,000. Due $5 000 April 1, 1950 to 1959. Bonds ma¬ turing in 1954 to 1959 may be re¬ pon deemed at the option of the Dis¬ trict in inverse numerical order interest payment date on April 1, 1953, at par and any after for redemption, for each bond lows: $20 00 plus premium a redeemed so each on the to Bid¬ ders to name the rate of interest, multiple of % of 1%. Principal and interest (M-N) expressed in Duplain the interest redemption. payable at the Monroe State Sav¬ ings Bank, Monroe. The approve ing opinion of some market at¬ torney shall be furnished by the purchaser at his own expense. A certified check for $500, payable to the District Treasurer, is re¬ quired. ' Grand Blanc Tu)p. Frac. Sch. Dist. No. 2 (P. O. Grand Blanc), Michigan Note Offering «— H. S. Lund, Secretary of the Board of Educa¬ tion, will receive sealed bids until 8 p.m. (EST) on Sept. 12 for the purchase of $32,000 not to exceed fol¬ 3% interest tax anticipation notes* called Dated Sept. 15, 1949. Due on April 15, 1950. Prin. and int. pay¬ able at the First State & Savings as bond a for for redemption on or after April 1, 1954, but prior to April 1, 1955, $10.00 for each bond called for Bank, Grand Blanc. The approv¬ ing opinion of some market at¬ redemption on or after April 1, 1955, but prior to April 1, 1956, purchaser at his $5.00 notes, payable to the District, is Sept. 1, 1949. Due on Feb. 1, 1950. Principal and interest payable at the Bellaire State Bank, Bellaire. The approving opinion of some market attorney shall be fur¬ nished by the purchaser, at his own expense. A certified check for 2% of the notes, payable to the County Treasurer, is required. Axe of Sch. the Board will until pm. bids 8 Sept. 15 for the pur¬ $350,000 high school on of chase Secretary Education of sealed receive Mich. Dist., Offering—The Bond building bonds. Barry County (P. O. Hastings), Mich. Note Sale—The $40,000 tax an¬ ticipation notes offered Aug. 29— v. 170, p. 836—were awarded to & Shannon Jones B. Co., of De¬ troit, at 2V4% interest, plus a pre¬ mium of $5.30. Dated Sept. 1, 1949. Due on March 1, 1950. ; Dearborn, Mich. Bond Sale—The $180,000 special Sept. 170, p. 932—were awarded to Ryan, Sutherland & Co., To¬ ledo, as 1 y2s, at a price of 100.18, basis of 1.468%. about 1949 and due Sept. 1, each bond called for mium shall be paid called for redemption re¬ on on or after public Mich. offered Sept. 7—v. 932—were awarded to composed of H the 170, syndi¬ National a City Bank of New York; Paine, Webber, Jackson & Curtis of Chi¬ cago; Roosevelt & Cross of New York, and Hayden, Miller & Co of Cleveland, at a price of 100.04, a basis of about 2.33%, as $214,000 as Due on follows: Feb. 1 1950 to 1956 inclusive. >! from 520,000 4s. as from 1,236,000 2y>s. 1957 as to 1965 2y4s. from 1966 Due to on Feb. Twp. Sch. Dist. No. S (P. O. 1454 Petts Road, Fenton), Mich. Bond Offering—Claude A. Co- inclusive. Due on Feb. 1 1978 Inclusive. ;" by the own expense. A for 2% of the ; - : *f Kalamazoo, Mich. Bond Offering—Marie Fi- K. will receive sealed bids until 7:30 p.m. (EST) on Sept. 19 for the purchase of $225,000 not to exceed 3% interest City larski, Clerk, re¬ of rate Bidders interest, to name expressed the in a Va of 1 %. The ap¬ opinion of Miller/ Can- multiple of proving field, troit, of De¬ to the of the Paddock & Stone, will be furnished bids until 5 p.m. purchaser at the expense Sept. 13 for the pur^ ^CityF A certified check for $4,500, chase of $90,000 not to exceed 4*% payable to the City Treasurer, is sealed (EST) on interest coupon bonds/ required. - v7"'; •'7 ',! 7 7. ■■ ;■ ■, 1, 1949. Denomina¬ 7 Melrose Twp. Unit Sch. Dist. $1,000. Due June 1, as fol¬ CP. O. Walloon Lake), Mich, v lows: $5,000 in 1951 and 1952, artd rBond Sale—The $90,000 school $10,000 in 1953 to 1960. Bonds ma'; bonds offered Sept. 2—v. 170, p, turing in the years 1956 to 1960p 836 were awarded to Paine, may be redeemed at the option of Webber, Jackson & Curtis, of the District, in inverse numeri¬ Grand Rapids, at a price of 100.01, cal order on any interest pay¬ Dated building June tion — — ment date 1955, at 1 required. Kalamazoo. Fenton ceive series sewer check certified bonds , Sale—The $2,000,000 non- Bond callable torney shall be furnished April 1, 1957. Bidders to name the rate of interest, expressed in a multiple of % of 1%. Principal and interest (A-O) payable at a automobile parking system rev¬ bank or trust company to be enue coupon bonds. Dated Oct. designated by the purchaser. The 1, 1949. Denomination $1,000. approving opinion of Miller, Can- Due Oct. 1, as follows: $40 000-in field, Paddock & Stone, of Detroit, 1950 and 1951, $45,000 in 1952, and will be furnished to the purchaser $50,000 in 1953 and 1954. The without cost. A certified check for bonds shall be registerable as to $1,000 payable to the District principal only on the books of Treasurer, is required. the City Treasurer. Bonds matur¬ ing in 1953 and 1954, shall be Egleetoh Twp. Sch. Dist. No. 2 subject to redemption at the op¬ (P. O. Hall Road R. No. 4, tion of the City in inverse nu¬ Muskegon), Mich. merical order, on any interest Bonds Note Sold—The $15,000 payment date on or after Oct. 1, not to exceed 4% interest school bonds offered Sept. 1—v. 170, p. 1951, at par and accrued interest to date of redemption. Principal 737—were not sold, as no bids and interest (A-O) payable at the were received. (The bonds will First National Bank & Trust Co., be offered at private sale.) March 1 on on demption on or after April 1,1956, but prior to April 1, 1957. No pre¬ hoon, District Secretary, will cate name redemption prior to April 1, 1954, $15.00 on each bond called Dated from 1950 to 1959 inclusive. 1950 and interest Bidders assessment as accrued interest to the date fixed the purchase for a.m. called for redemp¬ of p. 1, 1949. Denomina-* holder.y special on O. Mich. Bellaire), Due / ' terest or County (P. Antrim bonds bonds. payable at the National Shawmut Bank, of Boston, or at the City Treasurer's office, at the option : dated Sept. are 1, 1949. Second high bid of 100.149 for $1,125,000 iy4s and $475,000 Is, or a net cost of 1.08336%, was $40,- 1950 the rate of interest, exjtfessed in approving opinion of Niles, Bar¬ ,a multiple of y4 of 1%. The ap¬ ton, Morrow & Yost, of Baltimore, proving opinion of Storey, Thorn¬ will be furnished to the purchaser dike, Palmer & Dodge, of Boston, 1 without cost. will be furnished to the purchaser. or 1, 1950. Due on Feb. 1 from Detroit, bonds. Oct. :j tion $1,000. Principal National the rate about Due Feb. All of the bonds receive (EST) Sept. 15 for the purchase of $1,070,000 not to exceed 3% in¬ follows: as follows: 1954 .inclusive. Dated 11 inclusive. $12,000 1, 1949.Due Inclusive." of cost assessment bonds offered on . until '60,000 equipment interest publiG school Dated Oct. bids water on 1954 bids ' 4% of Sept. 13 for the pur¬ $260,000 coupon bonds, as $200,000 (EST) on Sept. 28 for purchase of $700,000 not to exceed on of divided 1 p.m. trends. Bank approving opinion of sealed (DST) sealed 1.0148%, $130,000 2%s. a chase E. interest net 6—v. Sharp, President County Commis¬ initil falo, H. V. Sattley & Co., De¬ troit, and Hayden, Miller & Co., Cleveland, at a price of 100.0065, ceive Talbot County (P. O. . posed of the Northern Trust Co., Salem, Mass. Bond Offering — Arthur T. Brennan, City Treasurer, will re¬ check Easton), Md. Offering — William Shawmut building bonds of- Sept. Chicago, Chase National Bank of New York, Marine Trust Co., Buf¬ a will 10 until bond tion alter June (J-D) payable at the current offi¬ $1,600,000 8—v. 170, p. 932— awarded to a syndicate com¬ State , will purchaser the The the successful bidder. '7 Baltimore, to lered The — series I school Sullivan, Donovan & Heenehan of New York City, will be furnished Banking & Trust Co., Annapolis. The approving opin¬ ion of Niles, Barton, Morrow & Yost, of Baltimore, and of Albert Goodman, the Dated Sept. 26, 1949. Due on Sept. 26, 1950. Principal and interest payable at apolis be of 000 first series notes. 1974 inclusive. J. office Housing Board, 18 Tremont Street, until 11 a.m. (DST) on Sept. 15 for the purchase of $100,- Sept. 21 for the pur¬ $900,000 not to'exceed interest terest the Sale bids tion $1,000. Principal and interest Mich. Ann Arbor School District, Bond Controller, sealed Dated June 1, 1949. Denomina¬ MICHIGAN (EST) Authority, Mass. Offering—J. Leo Meehan, will receive sealed at City Offering—John N. Daley, bonds divided Principal and interest payable at the National Shawmut Bank, of Boston. The approving opinion of Storey, Thorndike, Palmer & Dodge, of Boston, will be furnished to the purchaser. Chairman, re¬ Bond on 1949. Denomina¬ 1, Braun, Boswortii & Co., Hornblower & Weeks, jointly, for $401,000 as 4s, $103,000 as l3/4s; $195,000 as 2s, and $1,301,000 as 2y4s, at a price of 100.28, a basis of about 2.34%. and inc., tion $1,000. on , Bond Oct. Dated Bad 13, 1949. April 7, 1950. Legality approved by Storey, Thorndike, Due MARYLAND 1969 inclusive. 1969 inclusive. nished to the purchaser. Notes are dated Sept. 7 . 13 Thorndike, , , until $300,000 notes. Dated 1949. !Due on Nov. 4, The Storey, bids Sept. on chase 1 from 1951 to •' ;* M- Dated July 1, 1949. ■'; - sealed (DST) Dist. July 1 from on -1951 to 1964 inclusive. 80,000 Dodson Offering — Charles P. Howard, County Treasurer, will Jones, 1955 to ration; each on $25,000 not to exceed 6% interest tax anticipation notes. Dated ; Note follows: $15,000 from 1950 to inclusive, and $10,000 Monday, September 12, 1949 Dated Feb. 1, 1949. The second highest bidder was Halsey, Stuart & Co.; First of Michigan Corpo¬ Oct. 1, as fol¬ 100,000 school loan bonds. Due $5,000 on Oct. 1 from 1950 to on Middlesex County (P. O. East Bond Sale—The $110,000 bonds ^offered Sept. 3—v. 170, p. 736— on from dated Sept. 15, 194.9. are ond 1—v. Due 1,470,000 Is. y ; $1,000. Principal and interest payable at the Sec¬ 443—were not sold, as no p. bids Sept. to $3,000 inclusive. Bonds $1,725,- $325,000 1954' lows: Denomination interest 4% offered $2,000 1969 (P. O. Plaquemine), La. to as and 1969 to 15, 1950 from 70,000 school loan bonds. Due on Sept. 15, as follows: $5,000 from 1950 to 195.9 inclusive, LOUISIANA not Sept. on $5,000 1960 of 1948 Act inclusive and Bonds Due follows: Iberville Parish Sch. Dist. No. 5 Sept. on of purchase bonds. were of: $80,000 school loan ! the Harriman to on of care Bank, of Bos¬ bonds, divided as follows: awarded were re¬ $225,000 school loan, Act of 1941 New Louisville. 1 000 Sept. 8 on the for of Sale—The $150,000 bonds offered or 30 days' notice, on any Interest payment date, on Feb. 1, 1955, until Sept. 1, 1959, at 102; on Feb. 1, 1960, until Sept. 1, 1965, at 101%, and on or after Feb. 1, 1965, at 101. Legality approved by Woodward, Hobson & Fulton, of Bank furnished to tne purchaser. Bond Sept. in part order of their num¬ as National Freetown, Mass. The bonds will be 1970. redeemable 13 coupon of will be , dated are Merchants in ton, until 11 a.m. (DST) inclusive, 1959 to interest, expressed in a multiple of V4 of 1%. The ap¬ proving opinion of Storey, Thorndike, Palmer & Dodge of Boston, 1, 1949. Denomination $1,00*0. Due March 1, as follows: $4,000 in 1951 to 1962, $7,000 in 1963 to 1965 $8,000 in 1966 to 1969, and $4,Bonds 1952 from rate Louisville, and Associates, for $16,000 as 3s; $46,000 as 3%s, and $43,000 as 3%s, at a price of par. : Bond the purbonds. for school bids Shawmut National boston, or at the option of 'the aoider, at the Hyannis Trust Co., nyannis. Bidders to name the March 1 on p.m. sealed ceive principal and interest payable at the 3V4S. as 15 $510,000 1 C. will' Treasurer, Perry, Town .poo,000 in 1950 and 1951, and $50,- follows: as until 1949. Denomination Due on Oct. 1, as fohows: $1,000. Woody & Heimerdinger, of Cin¬ cinnati, and Associates, at a price 100.13, a basis of about 3.34%, $77,000 Sept. on of bids Dated Oct. 1, awarded to Walter, were sealed cnase school offered bonds M. re¬ ceive Sale—The $105,#00 revenue Offering —Clarence Chase, Town Treasurer, will County (P. O. Hartford), Ky. building Bond y Offering—Norman Bond Mass. ''777/7 Mass.- Sutton, MASSACHUSETTS serially Sept. 1, Report of award of and 1951/1971. FINANCIAL CHRONICLE COMMERCIAL & THE (1028) to or and after June basis of about 2.89%, as follows: a 1, accrued interest $55,000 as 2%s. from the date fixed for redemntion. plus each on on par a premium bond or as called prior to follows: $10 on 35,000 June \y 1957; $5 as 1960 for redemption — Due 1950 to 1959 3s. Due on on April 1 inclusive. April 1 from to 1964 inclusive. Dated July 1, 1949. The second Volume I 170 Number 4837 highest bidder Moore & Co., McDonald- was on Monroe County, Otter Creek Outlet Drain Dist. (P. O. Monroe), Mich. Bond bonds offered 836—were $20,000 Sept. 1—v. awarded drain 170, to H. V. p. Sat- tley & Co., of Detroit, as 5V2S, at a price of par. Dated July 1, 1949. Due on May 1 from 1950 to inclusive. 1954 North Bond O f f Hobel, City Muskegon Sch. Dist., Mich. $225,000 school bonds purchased by Hackley Union National Bank of Mus¬ kegon, as 214s, as previously noted in v. 170, p. 836—were sold at a price of par. g—Charles n Clerk, will Mich. not to exceed storm sewer Sept. 1, 000. Clerk, bids until 13 for the to receive will 3 (EST) p.m. seared Sept. on purchase of $53,000 not 4% interest special as¬ exceed sessment coupon bonds, divided as follows: .*$38,000 curb bonds. 1, as follows: 1950 1952 to Due on $10,000 Sept. from inclusive, and 4% .15,000 bonds. Due on Sept. 1, as follows: $4,000 from 1950 to 1952 inclusive, and $3,000 sewer in 1953 inclusive. Dated Sept. 1, 1949. Denomina¬ tion $1,000. Principal and inter¬ est (M-S), payable at the City "Treasurer's office. Bidders to the name of rate interest, expressed in multiple of % of 1%. The ap¬ proving opinion of Miller, Canfield, Paddock & Stone, of Detroit, will be furnished to the purchaser. a in 1969 to redemption in inverse numerical order date on interest any after payment Nov. 1, 1957, at par and accrued interest, plus a premium as follows: $15.00 on on or each bond redeemed Nov. on Nov. bond for 2% on 1964; $5.00 be¬ or each on redeemed thereafter but mium Nov. shall deemed ders to 1968. 1, No on prer be paid on bonds re¬ after Nov. 1968. 1, Bid¬ the rate of interest, multiple of *4 of 1%. Principal and interest (M-N) payable at the Detroit Trust Co., Detroit. The approving opinion of name in expressed Miller, a Canfield, of Detroit, nished the to cost. out Paddock & will be"* fur¬ purchaser certified A Twp. Sch. Dist. (P. O. Wakefield), Mich. Note Offering—Mrs. Lempi M. Saari, Secretary of the Board of will Education, bids until receive sealed 7:30 p.m. (CST) on Sept. 12 for the purchase of $40,- 000 not to exceed 4% interest tax anticipation of 1949 notes. 1950. able Dated 16, 1949. Due on Jan. 15, Principal and interest pay¬ at the First National Bank, approving Pincoming, Mich. ; opinion of some market attorney Bond Sale ~ The $125,00Q gen¬ shall be furnished by the pur¬ eral obligation bonds offered Sept. chaser at his own expense. A 6—v. 170, p. 837—were awarded certified check for 2% of the to the First of Michigan Corp., of notes, payable to the District Detroit, at a price of 100.215, a Treasurer, is required. net interest cost of about 2.183%, Warren Twp. Sch. Dist. No. S ;as follows: Wakefield. of Van 1951 to 1960 inclusive. Due on July 1 from 75,000 2%s. 1961 to 1970 inclusive. Dated ,H,; 1. 1949 and due on July •July 1 from 1951 to 1960 inclusive. Huron, Mich. Port Bond Offering—Allen Clerk,' will R. Hill, The (P. O. 22100 Federal Avenue, Due on July 1 from :$50,000 2s. Sale—The $500,000 Bond offered bonds 837 Davis Sept. 6—v. awarded —were to school 170, p. Welsh, & Co., Chicago, at a price a net. interest cost of about 2.891%, as follows: of 100.008, $115,000 3V2S. 1950 to p.m. •UOO The bonds are dated July 1,1949 and those maturing from 1960 to 1964 inclusive are callable, in in¬ $9,000 from 1950 to 1953 in¬ clusive, and $10,000 from 1954 July 1, 1953, at varying premiums to 1959 inclusive. depending portion bonds. Due Sept. 1, as follows: $6,000 <67,000 city on from and to 1950 1952 inclusive, $7,000 from 1953 to 1959 inclusive. Dated Sept* I, 1949. Denomina¬ tion $1,000. Bidders to name the , of interest, expressed in a multiple of %-of 1%. Principal :xate ^and interest (M-S) payable at City Treasurer's office. The approving opinion of Miller, Canfield, Paddock & Stone, of Detroit, will be furnished to the purchaser "Without cost. A certified check "the for payable to 'Treasurer, is required. $3,000, the City Sold Not not to exceed 4% — The $27,000 interest school Sept. 6—v. 170, p. not sold as all bids bonds offered '932—were received were rejected. Waterford Twp. Twp. Sch. Dist. (P. O. l ISO Scott Lake Road, Pontiac), Mich. Bond Offering — Elmer Fangboner, Secretary of the Board of Education, will receive sealed bids until Bond Offering — Edward J. 'Gross, Secretary of the Board of receive sealed bids until 8 p.m.(EST) on Sept. 13 for the purchase cf $27,££0 net to interest Interest J-J. exceed bonds. 4% 8 (EST) p.m. on Sept. 15 for the purchase of $1,400,000 not to exceed 4% interest high school building bonds. Dated Denomination $1,000. Due May 1, as follows: $25,000 in 1950 and 1951, $80,000 in 1952, $85,000 in 1953, $90,000 in 1954 and 1955, $95,000 in, 1956, Aug. 1, 000 in 1961, $120,000 in 1962, $125,000 in 1963, and $130,000 in 1964. Bonds maturing in the years 1962 to 1964 will be subject to redemp¬ tion prior to maturity, at the'op¬ tion of the District, in inverse school order, interest on any payment one or dates on and after May 1, 1954, at par and accrued interest. Principal and interest (M-N) payable at the De¬ troit Trust Co., Detroit. Bidders to name the pressed in H. a Stevens, the (A-O) rate of interest, ex¬ multiple of V4 of 1%. c'pmfrh rcf -Hsrfo of Berry,* Earbier & Evely, of Steveris Detroit, will and par accrued in¬ terest, expressed in a multiple of 1/lOth or V4 of 1%. Principal and interest payable at any suitable bank by or the trust company purchaser. authorized were designated These at bonds rate of interest, ex¬ at the North¬ National Bank, of Min¬ neapolis. The approving opinion of Dorsey, Colman, Barker, Scott & Barber, of Minneapolis, will be furnished to out the A cost. purchaser with¬ certified check $10,380, payable to Treasurer, is required. Hennepin and for the City Counties Ramsey Joint Com. Sch. Dists. Nos. and H-2 bell, Offering District Sept. Lyle M. Do- — Clerk, will receive (CST) for the purchase of 15 $25,000 not to exceed 3% interest betterment and building coupon 1, 1949. De¬ nomination $1,000. Due on Jan. 1, as follows: $2,000 from 1951 to bonds. 1962 Dated Oct. inclusive, and $1,000 in 1963. maturing on Jan. 1, 1961, Bonds in subsequent and called at (M-S), payable at the National Bank off Minneapolis. The approving opinion of Faegre & Benson of Min¬ neapolis' will be furnished to the purchaser. Northwestern Truman, Minn. years, and par may accrued be in¬ Bond Sale — 933—were awarded to J. M. Dain & Co., of Minneapolis. Dated Sept. 1, 1949 and due on Sept. 1 from. 1951 to 1969 inclusive. Worthington, Minn. Bond Offering-—The City Clerk will receive sealed bids until for 26 the MISSISSIPPI Stone & Webster Securities Corp., Paine, Webber, Jackson & Curtis, all of New York; Schoellkopf, Hutton & Pomeroy, of Buffalo; First of Michigan Corp., New York; J. M. Dain & Co., Min¬ neapolis, and the Milwaukee Co., of Milwaukee, 100.1416, 1.90s, at as basis a price a of about Corinth, Miss. Bond Details—The Sale public sewer system bonds purchased by M. A. Saunders &: Co., of Memphis, and Associates* as previously noted in v. 170, p. 641, were sold at a price of 100.002, a basis of about 2.47%, follows: as as 1 Vz s. Due on March T from 1950 to 1954 inclusive. 1949 and due in equal annual in¬ stallments on Oct. 1 from 1950 to $40,000 as 2s. Due on March from 1955 to 1959 inclusive. 1969 inclusive. An account headed 85,000 by Halsey, Stuart & Co. Inc., and including among others Lehman Bros., Blair & Co., Inc., and Otis 150,000 Co., withdrew from the compeition after the bid had reached 100.14 for 1.90s. Certificate typewritten certificates and $200,000 1965 addition In Sale—The $2,200,000 2V2S. Due as from ' ($2,000,library) auctioned on the same day were sold to a group composed of school 000 as 2y4s. Due on March. 1 from 1960 to 1964 inclusive. the to 1950. Dated Sept. 1, elusive. & Trust Company as Bank.of at on tution opinion of Counties in Ramsey, or banking suitable any insti¬ Hennepin for A cost. certified payable to Board, is required. $500, check School the * f - > V/2s, at as Oct. 1, 1950. Mississippi (State of) Agent—Chemical Bank Paying O. issue of $5 Offering—C. County Auditor, A. Offering—Jerry A. Ver- will receive (CST) on Sept. 15 for the purchase of $60,Village rant, Clerk, 000 street bonds. improvement Dated July nomination on Jan. 1, 1949. $1,000. from 1 coupon De¬ $10,000 Due 1951 to in¬ 1956 clusive. Principal and interest payable at any suitable bank the bidder may designate. Bidders to name the rate of interest, ex¬ pressed in a' multiple of % or 1/10 of 1%. The approving opin¬ ion of Faegre & Benson, of Min¬ neapolis, and Harold W. Moody, of St. Paul, will be furnished to the purchaser without cost. A cer¬ tified check for $1,200, payable to the Village Treasurer, is re¬ quired. / ■ • 7 , „ . receive bonds. coupon Oct. 1,-1949. Denomina¬ $1,000. Due op, Dec. 1, as follows: $40,000 in 1950 and 1951; $35,000 in 1952 and 1953; $20,000 in 1954 and 1955; $15,000 in 1956 and 1957, and $10,000 in 1958 and 1959. Bidders to name the rate of interest, expressed in a multi¬ ple of xk or 1/10 of 1%. Prin¬ cipal and interest payable at any suitable banking institution des¬ ignated by the purchaser. The approving opinion, of Colman, Barker, Scott & Barber of Min¬ neapolis will be furnished by the County at its own expense. A (P.O. Decatur), Miss. Sold—An issue of $50,- 2 . Bonds 000 2%% Kinney, Minn. O f f c r i n g—George Bond Village Rekela, bids sealed ceive Clerk, A. will until 7 re¬ p.m Sept. 12 for the pur¬ chase of $20,000 not to exceed 6% interest City Hall and water sytem bonds. Due on July 1 from (CST) 1952 on bonds inclusive. 1956 to authorized were election held on These at the certified check for $5,000, payable the County Treasurer, is re¬ to quired. St. Louis County Sch. Disti No. 43 (P. O. Route 2, Box 355, Colquet), Minn. — Evald Skog, Clerk, will receive sealed bids until 8 p m. (CST) on Sept. 15 for the purchase of $10,000 District not to exceed 4% building No. 1 Bond County Indep. Sch. Dist. (P. O. Fairmont), Minn. Offering—T. A. Fancher, will receive sealed p.m. (CST) on Sept. 14 for the purchase of $300.000 building coupon bonds. Dated Sept. 1, 1949. Denomination $1,000. Due on Sept. 1. as follows: $10,000 in 1952 and 1953; $20,000 from 1954 to 1963 inclusive; $30.District Clerk, bids until rtn/j J-, in 1963 1:30 A 1 196th - Alt bonds and subsequent inclusive. 1959 the a rate of <tOn flOA Maturing years in to be Dated MISSOURI Bidders V4 Ferguson School District., Mo. Bonds Sold—An issue of $75,000 school bonds has been sold to name 1/10 or of 1%. Mercantile-Commerce the to of St. Louis** Dated June 1, Legality approved by Charles & Trauernicht, of St. 2V4S as bank or fiscal shall Odessa, of the bonds is required. St.' Louis Mo. ,, $85,000* electric light works revenue bonds purchased by Lucas, Eisen & Bond Sale Details—The Waeckerle, and George K. Baum both of Kansas City, joint¬ previously noted in v. 179, p. 837, were sold as 2%s, at a price of 100.47, and mature Sept. 1, as follows: $8,000 from 1953 to 1957 inclusive, and $9,000 from & Co., ly, as 1958 to 1962 inclusive. Bonds ma¬ turing 1961 and 1962 are callable any time after the maturity date 1960. in 7 Mo. Bonds Sold—An issue of $20,000 Pattonville Sch. Dist., . l3/4% school bonds has been sold. May 1, 1949. Legality ap¬ proved by Charles & Trauernicht, Dated of St. Louis. MONTANA ; institution in School District. A certified check for 2% Co., 2s. Louis. Kali spell, be designated by the purchaser. The approving opinion of Gillette, Nye, Mon¬ tague, Sullivan & Atmore, of Du¬ luth, will be furnished to the pur¬ chaser at the expense of the as and 1949. Principal and interest payable at State Trust & Bank July interest, expressed in multiple of the Martin bonds. bridge bonds April 1, 1949. Legality approved by Charles & Trauernicht, of St. Louis. interest garage 1, 1949. Denomination $1,000. Due $1,000 on July 1 from 1950 to such Aug. 27. Offering and 4%% has been sold. Dated , Bond 13—- County Supervisors Dist. Strom, (CST) on Sept. 21 for the purchase of $240,Dated Sept. 170, p. 837. tion Keewatin, Minn. the on No. will drainage 1949 issue for Bids considered be Newton sealed bids until 2 p.m. 000 000,000 highway bonds*, series. 16th will Olivia), Minn. Bond has been named New York paying agent for an. v. Renville County (P. designated by the The approving Stinchfield, Mackall, Crounse & Moore, of Minneapolis, will be furnished to the purchaser without Minneapolis, price of 100.015, a basis of about 1.49%. Dated Oct. 1, 1949 and due bidder. of and a 1, 1949. Due March 1 from 1950 to 1969 ink- on First National Bank, both of Min¬ interest, expressed in a mul¬ tiple of V4 or 1/10 of 1%. Prin¬ cipal and interest (J-J).. payable cou¬ extra coupon an neapolis; First National Bank of rate National Bank above entire issue will carry of 1%% to Sept. the pons, March 1 on 1969 inclusive. to St. Paul, and the Midland National the name 1 125,000 & after. to $400,^ 000 Northwestern Bidders Sept. $400,000- of purchase hospital bonds. terest, in inverse order of serial numbers, on Jan. 1, 1960, and on any interest payment date there¬ of " The $28,000 sewer bonds offered Sept. 6—v. 170, p. — 1.884%. Each issue is dated Oct. 1, sealed bids until 7:30 p.m. on $1,500 on Sept. 15 from 19SO inclusive. Principal and 1954 interest bonds of 2 (P. O. St. Anthony), Minn. Bond Due to election the Sale The $2,400,000 ($1,500,000 refunding and $900,000 public relief) offered a* auction on Sept. 8—v. 170, p. 933 —were awarded to a syndicate composed of Phelps, Fenn & 'Co., Bond 51 equipment certificates. Dated Sept. 15, 1949. Denomination $5007 on payable western coupon 1949. numerical Saginaw Twp. Sch. Dist. No. 14 (P. O. Saginaw), Mich. will the date of redemp¬ on tion. more Education, numerical order, 011 or after $100,000 in 1957, $105,000 in 1958 and 1959. $110 000 in I960, $115,- Saginaw Twp. Sch. Dist. No, 4 (P. O. Saginaw), Mich. Bonds verse 2 sealed bids until 8 p.m. Due on July 1 from 1958 to 1964 inclusive. follows: • July 1 from on 1954 to 1957 inclusive. paving coupon bonds, divided as :$96,000 special assessment bonds. Due on Sept. 1, as follows: Due Je- until pressed in a multiple of Y4 or 1/10 of 1%. Principal and interest Bond 265,000 2%s. 7:30 D. bids 1953 to 1958 inclusive. Bidders to name inclusive. 1953 Sept. 12 for the purchase of $163,not to exceed 3% interest until at Sept. 20 for the held on June 21. The approving purchase of $519,000 not to exceed opinion of Chapman & Cutler of 2% interest sewage disposal rev¬ Chicago will be furnished to the enue refunding 1949 certificates. purchaser without cost. A certified Dated Sept. 1, 1949. Denomina¬ check for $6,000, payable to tion $1,000. Due on Oct. 1, as the District Treasurer, is required. follows: $50,000 in 1950 and 1951; $59,000 in 1952, and $60,000 from Minneapolis, Minn. Due on July 1 from 120.000 3V4S. bids Offerings—C. auction (CST) m. successful Dyke), Mich. receive sealed (EST) on •City p. and for Wakefield bonds, payable to the City Treas¬ urer, sealed callable terest, in inverse numerical or¬ der, on Sept. 1, 1962, and on any interest payment date thereafter, Bidders to name the rate of in¬ ronimus, City Clerk, will receive with¬ check District Duluth, Minn. Certificate $2,500, payable to the City Treas¬ urer, is required. Sept. is required. 1, before or before or 1, i960; $10.00 on each bond of expense MINNESOTA ? bonds. Dated Denomination $1,- 1973. Bonds maturing 1973, shall be subject to the at $28,000, payable to the Treasurer, is required. coupon 1949. 1, as follows: $3.$5,000 in 1952 to 1956, $6,000 in 1957 to 1968, and $8,000 of the .A certified check furnished the District. A certified check for interest Due Nov. Stone, $8,000 in 1953. (EST) 000 in 1951, fore Bond Offering—G. A. Van Epps, City receive 7:30 p.m. redeemed thereafter but Owosso, P. Sept. 12 for the purchase of $140,- in 1964 to Bond Sale Details—The i e r sealed bids until 000 Sale—The be Sturgis, Mich. bid reflecting a net interest cost of about 2.95%. a (1029) 4 Park, Bond fire Mont. Sale Details—The $81,000 purchased the Conrad National Bank, of department bonds by Kalispell, as Is and 2s, as pre¬ viously noted in v. 170, p. 837,. were sold at V ' Bond Minn. a price of par. Laurel, Mont. ,. Sale—The $35,000 swim¬ Bond Offering—Joseph Justad, ming pool bonds offered Sept. t Village Clerk, will receive sealed were awarded to the Yellowstone* birfc pnfil a n.m. enSTVAVi «ep+/ Bank, of Laurel: as 2V2s* ht a orieer 12 for to the purchase of exceed 4% $7J>00 nbt'" interest municipal of 100.71, a basis Due on of about 2.34%w July 1, as follows: $1,509 54 from 1950 to 1968 $6,500 in 1969. years Sale 1 Jan. Sweet 1, 1957. Grass No. County Sch. Dist. (P. O. Greycliff), 16 Sale—The $15,000 build¬ ing bonds offered April 8—v. 169, 1385 p. State — were from 1950 awarded to the of Lands and ond high was made River, 214s, at 1950 to The — Dated 2.48%. Aug. 1, 1949. Due Aug. 1 from on inclusive. 1954 School District, N. J. Offering—Otto R. Drews, $163,516.14 paving bonds offered Aug. 31— v. 170, p. 837—wre awarded to Stern Bros. & Co.,. of Kansas City, 114s, at a price of 100.06, about 1.48%, as follows: basis a 20 purchase of $240,000 not to exceed 6% inter¬ est school coupon or registered bonds. Dated Sept. 1, 1949, De¬ nomination $1,000. Due on Sept. follows: $13,000 from 1950 inclusive; $12,000 from 1960 to 1964 inclusive, and $10,000 1, as 1959 to 170, v. 6—v. 1.30s, at price to high bid of made of inclusive. 1959 100.07 1 a basis of about 1.619%. high bid of 100.579 for l%s made by the Chase Na¬ tional Bank and Salomon Bros. & was Hutzler, jointly. both of New York, , „ .. t Sale consisted of: $305,000 bridge, highway construction sewer r Due ■, Sept. on 1, b and o n d s. follows: as $16,000 from 1950 to 1954 in¬ clusive, and $15,000 from 1955 to - 1969 inclusive. all bids received as interest R. F. D. No. New Bond 114 s. Dated Aug. 1, 1949. Due on Aug. 1 from 1950 to 1959 inclusive. The second highest bidder was Boland, Saffin & Co., for 2*4s, at a price of 100.19. Phillipsburg, N.J. Sale The $19,000 fire Bond — engine bonds offered 170, Sept. 7—v. 837—were awarded to the p. and $23,000 from 1955 to 1959 Phillipsburg Trust Co., inclusive. C a Bonds are dated Denomination Sept. 1, 1949i Principal $1,0 0 0. and interest payable at the First National Bank of Boston. Legality by Ropes, Gray, Best, Coolidge & Rugg, of Boston. approved price of 100.042, 1.286%. due Dated NEW JERSEY Harrison, N. J. Sept. / : sealed bids until 8 p.m. (DST) on Sept. 20 for the purchase of $258,- vided to or as exceed 6% registered interest bonds, di¬ follows: 1949 and inclusive. Second high bid of 100.031 for 1 14 s was made by Boland, Saffin & Co,, New York. 170, v. of of 100.079, a basis of about 1.991%. Sale consisted of: to of about Dated 1.182%. Sept. 1, from 1950 high bid of par for 2s was. made by the Lynbrook National Bank & Trust Co., Lynbrook. 1949 and due on Sept. 1 to 1954 inclusive. Second (P. O. Oswegatchie), N. Y. tal Sale—The bonds 1949 $40,000 hospi¬ offered Aug. 31— sewer $3,000 to on 1969 $5,000 to Village Treasurer, bids until 11 Legal J. will National Utica. opinion & York Bank Rate of Heckler Sykes, New First Co., be payable of in¬ at maturity. Vandewater, Galloway, of City, will accompany the botes. NORTH Davie CAROLINA y County (P. O. Mocksville), North Carolina Paying Agent—Guaranty Trust Company of New York has been appointed paying agent for $500 000 school A—v. building bonds, series 170, 446. p. a.m. on Principal and interest (F-A) able the at County Trust Pleasantville. opinion The pay¬ Co., approving of Vandewater, Sykes, H e c k 1 e r & Galloway, of New York City, will' be furnished to the purchaser without cost. A cer¬ tified check, for $96; payable to the Village,, is required. • Port of New York To < Issue The Authority $30,000,000 of Sept. on 8 Port authorized the establishment and issuance of Second Series, First .Installment Air Terminal principal bonds amount The Finance of in the $30,000,000. Committee was au¬ thorized by the Commissioners to sell the issue at public bidding. It is expected that bids will by the Committee the part of October. latter be dated purchase of $13,000 not interest bonds, di¬ follows: as - $6,000 water bonds. Due on April 1, as follows: $500 from 1952 to 1961 inclusive, and $1,000 in 1962. 7,000 sanitary .AP-ril cn from and Dated sewer 1, 1952 bonds. Due follows: $500 as 1961 to inclusive, $1,000 in 1962. Oct. 1, 1949. Denomina¬ tion $500. Principal and interest (A-O) payable in New York City. Bidders to the name rate of in¬ terest,. expressed in a multiple of 14 of /1%. The approving opinion Mitchell of Pershing, and New York the City, will be furnisned to purchaser. A separate bid for each issue is required. A certified be requested bonds will vided Bonds— the a of 13 for the to exceed 6% Authority, N. Y. Commissioners check for $260, payable to order in< of the State Treasurer, is required. The North Carolina (State Oct, Bond Offering of) Brandon — Hodges, State Treasurer, will ceive sealed (EST) on bids Sept. until for 28 P. re¬ 11 am. the pur¬ chase of 4% pon $50,000,000 not to exceed interest secondary road cou¬ or registered bonds. Dated July 1, 1949. Denomination $1,000. Due Jan. 1, as follows: $6,000*000 in 1951, $6,100,000 in 1952, $1,800*000 in 1953, $1,900,000 in 1954, $1,950,000 in 1955, $2,000,000 in 1956, $2,050,000 in 1957, $2,100,000- in be used to refund $10,000,000 of 1958, $2,150,000 in 1959, $2,200*000 temporary airport notes, includ¬ in 1960, $2,250,000 in 1961, $2,300*ing $3,500,000 par value of tem¬ 000 in 1962, $2,350,000. in 1963 and porary bonds issued for past ex¬ 1964, $2,400,000 in 1965, $2,450,000 penditure at Teterboro Airport, in 1966, $2,500,000 in 1987, $2,550,and for capital improvements C00 in 1963, and $2,600,000 in 1969. during the next year at Newark, Principal and interest (J-J) pay¬ .Teterboro, La Guardia and New able at the State Treasurer's of¬ York and International Airports. fice, or, in New York City. Bid¬ not to 1949 Freeport, N. Y. $114,000 sewer offered Sept. 8— Sept. 15 from 1950 Bond Sale—The 1968 inclusive. the at Trust ders to name the rate of interest, Ravma, N. Y. 170, 'p. 838—were awarded to Bond Offering—Elmer L. Bishop expressed in a multiple of 14 of of Buffalo, will receive 1%, The approving opinion of as 1.60s, at a price of 100.29, a Village Treasurer, basis of about 1.53%. Dated Feb. sealed bids until 3 p.m. (DST) on Mitchell & Pershing, of New York 1, 1949. Due on Feb. 1 from 1950 Sept. 14 for the purchase $135,000 City, will be furnished to the pur¬ bonds of 1949. Due Sept. 15 from 1950 the of v. inclusive. on out the Marine Trust Co., to 1959 inclusive. $60,000 i Salvatore — & June on 1, 1949 iy2s, at a price of 100.01, a and due. in 1979. They will be basis of about 1.49%. Dated Feb. 1, callable, in whole or in part, at 1949. Due on Feb. 1 from 1950 to 103% beginning in the fifth year; 1958 inclusive. at 102% beginning in the tenth; East Rockaway, N. Y. year; at 101% beginning in the Bond Sale—The $33,000 street fifteenth year; and at par beginimprovement and highway appa¬ ing Funds will be established ratus bonds offered on Sept. 7r— commencing in the tenth year to v. 170, p. 933—were awarded, to, retire the entire issue by. matur¬ the East Rockaway National Bank ity. The bidders will name the & Trust Co., East Rockaway, as coupon rate not in excess of 314%. The proceeds of the sale will 1.20s, at a price of 100.048, a basis Fine Sept. * 7—v. 170, p. 737— awarded to Ira Haupt & Co., New York, as 2s, at a price 838—were awarded p. redeemed Denomination $50,000. Pay¬ year. as * N. J. $155,000 bonds York the Marine Trust Co>, of Buffalo, Bond Sayreville, 95,000 water bonds of 1949. Due $12,000 storm sewer bonds. 33,000 street equipment bonds. 98,000 improvement bonds. 24,000 street bonds. 91,000 park bonds. system bonds 170, p. 933—were awarded to Ira Haupt & Co., New York, as v. 5% exceed coupon interest water registered bonds. or Dated Sept. 1, 1949. Denomination check the name Person inclusive. Bidders to 1976 of rate interest, cost. A certified for $1,000,060, payable to the State Treasurer, is required. $1,000. Due $5,009 on Sept. 1 from 1950 to without chaser ex¬ Bond County (P. Roxboro), N. C. Offering—W. E. O. Easter- inclusive; $25,000 in 1953 and 1954; $15,000 from 1955 to 1959 inclusive; $10,000 from 1960 to pressed in a multiple of 14 or 1/10/ ling, Secretary of the Local Gov¬ price of 100.01, a basis of All of the bonds are dated Sept. 1%. Principal and interest ernment Commission, will receive of about 1.89%. Dated Aug. 15, (M-S) payable at the National sealed bids at his office in Ral¬ 15, 1949. Second high bid of 100.1949 and due on Aug. 15 from Commercial Bank & Trust Co., of 067 for 2s was made by Boland,' eigh, until 11 a.m. (EST) on Sept. 1950 to 1964 inclusive. Second Saffin & Co., New York. Albany, in Ravena. The approving 13 for the purchase of $455,000 high bid of 100.62 for 2s was made opinion of Vandewater, Sykes, not to exceed 6% interest school Wallington, N. J. by Roosevelt & Cross. Heckler & Galloway, of New York building, Series B, coupon bonds. Bond Offering — Jacob Van City, will be furnished the pur¬ Dated Sept. 1, 1948. Denomination Haverstraw, N. Y. Hook, Borough Clerk, will receive Bond. Offering—Fannie M. chaser without cost. A certified, $1,000. Due on March 1, as fol¬ sealed bids until 8 p.m. (DST) on Smith, Village Treasurer, will re¬ check for $2,700, payable to the lows: $7,000 from 1950 to 1956 in¬ Sept. 16 for the purchase of ceive sealed bids until 3 p.m. Village, is required. clusive; $16,000 in 1957; $17,0*00 1966 inclusive, and $3,000 in 1967. coupon Principal and interest (A-O) vided • ;■ 1.90s, at Dated Oct. 1, 1949. Denomina¬ tion - 1, were ley, Town Clerk, will receive not as 1.30s, at basis of about offered Bond Offering—Charles A. Far¬ coupon a Sept. 1 from 1950 to 1954 on Bond Sale—The 000 • $30,000- water bonds offered Sept. 6^v. 170, p. 737—were awarded to the First National Bank of Milltown, as and ,• Jersey Sale—The 235,000 municipal improvement equipment bonds. Due on Sept. 1, as follows: $24,000 from 1950 to 1954 inclusive, (P. O. 14, New Brunswick), Due inclusive. school Bond. Sale-—The $35,000 hospi¬ tal 1949 bonds offered: Aug, 30— and Fairmont, N. C. Sept. 14 for the pur¬ Bond Offering — W. E. Easterchase of $4,800 land purchase 1949 bonds. Dated Aug. 1, 1949. De¬ ling, Secretary of the Local Gov¬ nomination $1,000. Due on Aug. 1, ernment Commission, will receive sealed bids at his office in Ral¬ as follows: $800 in 1950, and $1,eigh, until 11 a.m. (EST) on Sep.t. 000 from 1951 to 1954. (DST) coupon or New of 1961 inclusive. Offering Moreno, registered bonds. Dated Sept. 1, 1949. De¬ nomination $1,000, Due on March, 1, as follows: $3,000 in 1951, and* $4,000 from 1952 to 1969 inclusive. rejected. were North Brunswick Township 1, 1949. receive sealed Offering—Vivian Tuohey, District Clerk, will receive sealed bids until 2 p.m. (DST) on Sept. 15 for the purchase of $75,000 not building 1949 Bank Pleasantville, N. Y. Bond Y. Youngsville), N. 5% National 1950 to was Bond exceed from Sept.* as 1.40s, at a price of basis of about 1.38%. a Dated June Callicoon and Liberty Central School District No. 3 (P. O. to $12,000 public Second for 2.30s on purchase of $1,anticipation notes. Dated Sept. 14, 1949 and due on Dec, 14, 1949. Notes will be is¬ tax terest to 838—were awarded p. First 100.10, Weinig Co. by C. E. 170, Bellmore, 100.50, a basis of about 1.206%. Dated Sept. 15, 1949 and due on Sept. 15 from a Sale—The the to Ballston as (DST) 13 for the sued Y. dock district bonds offered 837—were awarded to Spa National Bank, p. Sept. 600.000 able Bond $13,300 water system bonds offered on Sept. 7— the V appointed co-paying agent for $550,000 school district bonds. v Second Y^M;-; Y. neon city's tax levy for the 1949 fiscal Spa, N. Y. $83,145.23 district bonds. Due on from 1965 to 1969 inclusive. Prin¬ Aug. 1 from 1950 to 1959 in¬ cipal and interest (MS) payable clusive. at the Commonwealth Bank, 80,370,91 intersection bonds. Due Metuchen. Bidders to name the on Aug. 1 from 1951 to 1954 rate of interest, expressed in a Bidders to name the rate of in¬ inclusive. multiple of Vs, or 1/20th of 1%. terest, expressed in a multiple of 14 or 1/10 of 1%. The approving opinion of Haw¬ Principal and Dated Aug. 1, 1949. The second interest (M-S) payable at the highest bidder was First Trust kins, Delafield & Wood of New National York City will be furnished to First Bank, JeffersonCo., Lincoln, for 114 s, at a price of the purchaser. A certified check ville. The approving opinion of 100.03. for $4,800, payable to the Board Vandewater, Sykes, Heckler & NEW HAMPSHIRE of Education, is required. Galloway, of New York City, will be furnished to tne purchaser New Jersey (State of) Manchester, N. H, without cost. A certified check for Bonds Not Sold—The $817,000 Bond Sale—The $540,000 bonds $1,500) payable to the District; is offered Sept. 8 were awarded to various New Jersey County school required. the Harris Trust & Savings Bank and municipal bonds offered Sept. Clifton (P. O. Newton Foils), 7—v. 170, p. 933—were not sold of Chicago, l34s, at a price of 100.924, 14, N. N. be received until Paying Agent—Guaranty Trust Company of New York has been Sale—The Bond the for Hempstead Union Free Sch. Dist. YORK NEW r for . No. Utica, Note Offering—Sealed bids will pur¬ check $294, payable to the Village, is re¬ quired. The approving opinion of 1950 Metuchen Bond certified A /slip (P. O. /slip), N. price of 100.04, a about Washburn, of New York chaser. ra^e of interest, multiple of l/20th a Ballston 737—were awarded to of Toms of Bid¬ $440, payable to the Borough* is required. by p. as basis a Sept. Alliance, Neb. of 170, Co., Passaic. Monday, September 12, 1949 City, will be furnished to the will be furnished to the purchaser. A certified check for bid Bond Sale —The $11,000 fire engine 1949 bonds offered Sept. 2 —v. Hoyt & the name Lavallette, N. J. , inter¬ York City of 100.06 for 2.10s the Paterson Sav¬ Trust Co., Paterson. ings CHRONICLE Re~ed, Hoyt & Washburn of New Dated District Clerk, will receive sealed bids until 7:30 p.m. (DST) on NEBRASKA Sale 1.995%. 1669 inclusive. Sec¬ to Department Bond Trust of_l%. price of 100.039, a about of New Sept. 15, 1949 and due on Sept. 15 Investments, as 3V2S. Dated Dec. 15, 1948. as 2s, at as of the First National Bank, Montana Bond Inc., Mahoney, basis from 1950 to 1964 inclusive. Call¬ able & ders to a July on Principal and $1,000. Bank Sept. on FINANCIAL (A-O) payable at tne Peoples expressed in J. York, $180;000 building bonds purchased by Kalman & Co., of St. Paul, as 214s, at a price of 100.83, as pre¬ viously noted in v. 170, p. 253— $12,000 est Paul Details—The mature tion Dist.i N. J. Sale—The issue of $110,- & 7—v. 170 p. 837—were awarded to County School District (P. O. Hamilton), Montana will Bond 000 school bonds offered No. 3 Bond Hohokus Sch. inclusive, and Optional 5 from date. Ravalli COMMERCIAL THE (1030) $1,000. The bonds stated in combination will mature Oct. 1, as follows: $20,000 from 1950 to 1952 pay¬ able at the West Hudson National Bank, of name the pressed in Harrison. rate a Bidders to cf interest, ex¬ multiple of 1/20 or % of 1%. The approving opinion of Hawkins, Delafield & Wood, of New York City, will be furnished to the check purchaser. for A or as registered di¬ bonds, follows: $9,000 water meter bonds. Due on Oct. 1, as follows: $2,000 from 1950 to 1953 inclusive, and $1,000 in 1954. 5,000 apparatus bonds. Due $1,000 Oct. on 1 from 1950 to 1954 inclusive. 8,000 certified $5,160.. payable to the Town, is required. $22,000 not to exceed 6% interest Oct. 1 from Due 1950 $1,000 to 1957 inclusive. Dated Oct. on Sept. Denomina¬ the pur¬ istered bonds. Dated Oct. I, 1949. Denomination $1,000, one for $700. Due Oct. follows: $2,J00 1951 to 1954 inclusive. Principal and in¬ in on 1, as 1950, and $3,000 from terest (A-O) payable at the Na¬ of Haverstraw Trust Co., Haverstraw. Bidders to the a 1, 1949. 14 for Rotterdam chase of $14,700 not to exceed 5% interest fire truck coupon or reg¬ tional Bank bonds. water on (DST) a rate name interest, expressed in multiple of 14 or 1/10 of 1%. The of approving opinion of . Reed, (P. O. No. 2 Avenue, Schenectady), N. Y. Bond house District Fire Vinewood Sale — The construction Sept. 7. — v. 170, p. 838 offered — $19,000 'rom 1959 to 1971 inclusive, and £? 8,000 from 1972 to 1978 inclusive. These bonds are $60 000 fire bonds in 1958; were the balance of an $491,000. Principal and interest (M-S) payable in New York City. awarded to the Bidders to Co, of a price of 100.147,- est, expressed in Schenectady Trust Schenectady, as 2.10s, at 2.083%. due Dated a basis of about April 1. 1949 and authorized issue of name the rate of inter¬ a multiple of* 14 1%. The approving opinion of Mitchell & Pershing, of New York of April 1 from 1950 to 1969 inclusive, Second high. bid of City, will be furbished to the 100.585 for 2.40s 100, on . Marine Trust was made by Co., Buffalo the chaser. A ceri'^d check for payable to urer, is required. e pur¬ $9,- State Treas¬ 1 - Note Bond Sale The $100,000 re¬ funding bonds offered on Aug. 30 — 170, —v.. the to Bank awarded 838—were p. Mercantile-C & Trust Co., o m m e r c e St. Louis, of and the Wachovia Bank Co., of Asheville, jointly, at a basis of about price of 100.23, a 2.35%, as follows: Trust & $41,000 as 2y4s, due on March 1 from 1967 to 1972 inclusive, t and $28,000 as 2y2s, due on March 1, from 1973 to 1976 inclusive. 1967 . bonds: $19,000 as on March 1 from 1972 inclusive, and to 2y2s, due on March 1 from 1973 to 1976 inclusive. $12,000 . Dated Clerk, bids until for the 3% receive 1949. Due deemable 1949. as Sept. 1, 1949. 1, Re¬ interest paying Bond to the name 6% coupon to the City, 1, County (P. O. Wilson), N. C. Bond Sale Details—The $612,000 bids until 8 to inclusive, $8,000 in maturing on and after Aug. 1, 1965, are sub¬ ject to call and redemption in in¬ and Fox, Reusch & Co., of Cincinnati, as 2y2s, at a price of basis of about Sept. 1, 1949. Due 2.33%. on Jan. interest accrued and Aug. on Principal and School bonds 1 from 1952 to 1966 inclusive. The second highest bidder Shuler & Sayre, of Corp. of Durham, and Byrne and Isphording, Inc., price of 101.03. school series building A Phelps, Inc., of New York, jointly, on a bid reflecting a net interest about 2.05%, for $257,000 of cost Dated Dell & was 2%s, for a Lovett, $355,000 as l3/4s, as pre¬ City Auditor, will receive sealed viously noted in v. 170, p. 934— ;as 3s, and Were sold at a bids until price of 100.15. for the purchase of NORTH DAKOTA : to County Certificates of $100,000 road and bridge certifi¬ cates has been sold to local banks, at 2%% interest. Due on Feb. 15, on June 1 Due $39,000 1 from 1951 Bidders of rate interest, to ex¬ multiple of Y\ of 1%. J-D. The approving pressed in a Interest >1950. Dec. and the name storm Dated Oct. 1, 1949. inclusive. 1975 to Sept. 16 on -interest 3% bonds. opinion of Peck, Shaffer & Wil¬ Velva, N. Dak. V — O. G. Wilson, Offering Bond City Auditor, will receive sealed bids until Sept. 26 for the pur¬ chase of $5,000 not to exceed 3% interest park bonds. * Dated July 1, 1949. Due $1,000 from 1950 to These bonds wore 1954 inclusive. authorized at the election held on Ohio Athens Local Sch. Dist., Offering Bond District Clerk, payable to the City, is required. Wayne Local School District (P. O. Williamsfield), Ohio Bond Sale — The $15,000 im¬ bonds offered Aug. 8 awarded to * Hay den, Miller provement L. W. Prater, — OKLAHOMA will receive sealed purchase $71,000 not to exceed 3%- in¬ terest construction bonds. ^ Offering—C. Paisley, E. Village Clerk, will receive sealed bids until noon (EST) on Sept. 19 the Due to $1,000 on Dec. 1970 -inclusive. the name Dated bonds. 1 from 1951 ; to Bidders interest, of rate Sept. $1,000. Denomination 1949. 1, $20,000 3% of purchase works water ex¬ pressed in a multiple of % of 1%. These bonds were authorized at the election held on Nov. 5, 1946. The of Peck, approving opinion Shaffer & without cost. A purchaser check certified for 1% of the bonds, payable the Village, is required. — to Ohio Liverpool, East Bond Offering B. Allan Mc- Keever, City Auditor, will receive sealed bids until noon (EST) on Sept. 22 for the fire 4% .000, ment bonds. Denomination > \ 000 in name Due • on $4,000 from inclusive, and $3,1954 and 1955. Bidders to the rate of interest, ex¬ 1953 to 1951 $1,000. pressed in a multiple of Y\ of 1%. A certified check for $180, pay¬ able to the City Treasurer, is required. i n District Dated Aug. South Connellsville, Pa. Offering — William Bond — Mabel H. Clerk, will re¬ Offering until 7 p.m. Sent. 20 for the pur¬ chase of $5,000 4V2 % storm sewer, unlimited tax bonds. Dated Oct. 1, 1949. Denomination $500. Due $500 on Oct. 1 from 1951 to 1960 inclusive. Bidders to name the (EST) on interest, expressed in a "multiple of 14 of 1%. Interest (A-O). A certified check for $100, payable to- the Village, is re¬ quired. of Carrol sealed Due $73,000 inclusive, and bonds. provement from 1952 1967 to District $82,000 in 1968. These bonds were authorized at the election held on opinion of George J. Fagin, of Oklahoma City, will be furnished to the pur¬ chaser without cost. A certified Offering—Frank L. Irey, Sept. on 2% for of the required. the bid is Caddo County Indep. 1 No. Bond of amount Sch, Dist (P. O. Hydro), Okla. Offering — C. E. Frost, of Education, Clerk of the Board will receive sealed bids until Sept. the for 20 purchase of $60,000 the for building bonds. These are bonds originally 'scheduled sale Grant No. 6. County Indep. Sch. Dist. (P. O. Wakita), Okla. Sale—The issue of $50,000 Bond 170, offered bonds 7— Sept. 934—Was awarded to the p. Oklahoma flecting about City, net a on interest cost of 1.46%. Dewey), Okla. Offering—Oran of Education, of the Board receive sealed bids until 8 (CST) on Sept. 14 for the purchase of $60,000 building, site and repair bonds. Due $6,000 from p.m. 1952 inclusive. A certified to 1961 for check 2% required. the of bonds bonds Sale—The offered 839—were school $92,000 Sept. awarded 2—v. to approving opinion of Huger of Charleston, will be A cer¬ tified check for $20,000, payable to the County Treasurer, is re¬ The Sinkler, furnished to the purchaser. Spartanburg County Sch. Dists. (P. O. Spartanburg), S. C. Bond Offerin g—James F. R. Superintendent, County Education, will receive the purchase of $59,000 bonds, divided Brooks, Board 170, the p. First of sealed bids until Sept. 22 for follows: until 8 School District 15,000 Gramling School District Whitney 34.500 bonds. p.m. bonds. on Twp. (P. O. R. F. D. 3, Volant), Pa. Offering—Jesse E. Carr. Beresford Township Secretary, will receive (EST) Sept. on of 1950 inclusive. 1953 to for ,$200, check certified 170, v. road coupon bonds. 1, 1949. Denomina¬ Due $1,000 on Sept. 1 $500. from building 3YZ% Sept. Dated tion the purchase for 19 Raymond Indep. Sch. Dist., S. A Offering Bond payable interest, expressed in & Co., Feb. to the in eral Sale—The Dist., Pa. $200,000 1959. 1969 gen¬ Principal from and as were at interest on inclusive. The on second from and & Sons; Singer, Deane & Scribner and Blair & Co., Inc., jointly, 314s, at a price of 100.25. Nanticoke School District, Pa. $31,000 refund¬ Feb. ' Dated 1955 as to from 1. p. 643—were awarded to Butcher & Sherrerd, of Oct. 1, 1950 to 1959 inclusive. Due — 7—v. A. C. lins Allvu & Co., of Chicago, & E. H. Rol¬ Sons, both of New York, Cleveland, Mullanev. Wells & Co., of Chicago, William R. Compt'on & Co., of New York, and Davidson & Co., Otis & Co., of of Nashville, at a a Horry County. Lcris Community to R. S. 170, p. syndicate Stuart & Co., 839—were awarded to a Eastman. Dillon & Co., Hospital District (P. O. Lcris), S. C. Sold—An issue of $80.- $1,750,000 The offered Sent. comnosed of Halsey, 1949. Denomina¬ bonds has been sold Sale Bond ; follows: $3 000 1959 inclusive, Bonds of 100.04. Chattanooga, Tenn. Principal and interest (F-A) payable at the Citizens & Southern National Bank, Charles¬ ton. Legality approved by Sinkler, Gibbs & Simons, of Charleston. 000 The second 1949. $15,000 as 23/2s, at a price tion $1,000. Philadelphia. Dated 1949. Due on Oct. 1 from and highest bidder was J. C. Bradford & Co., for $20,000 as 2y4s, and $4,000 in 1960. Aug. playgrounds pool bonds. Due 1950 to 1959 inclusive. Dated Sept. 1, bonds bonds. basis of a clusive. Co., of Atlanta, school 1, 100.48, of 20,000 park, swimming follows: 19,000 1% % price a $15,000 refunding bonds. Due on Sept. 1 from 1950 to 1959 in¬ 1953 and 1954. Sept. 1 from 1950 Sept. 6—v; about 2.14%. $6,000 1 Yt% school bonds. Due on Feb. 1, as follows: $1,000 in 1951 and 1952, and $2,000 in Dated Sept. 170, p. 839— awarded to the First Na¬ Bank of Memphis, as 2y4s, tional County School District inson-Humphrey highest bidder was E. H. Rollins for $1,000 inclusive, and $6,000 bonds $35,000 Sale—The Bond' offered bonds has been sold to the Rob¬ Co., both of Philadelphia, jointly, 2V2S, at a price of 101.28, a basis of about 2.35%. to TENNESSEE (P. O. Charleston), S. C. Bonds Sold—An issue of $25,000 170, p. 839—were awarded to Harrison & Co. and Dolphin & Due follows: as 1958 Charleston obligation bonds offered Sept. 1, 1949. 1, to Brownsville, Tenn. No. 3 McKees Rocks Sch. Bond $15,- payable at the Chase National Bank, New York.Legality ap¬ proved by Sinkler, Gibbs & Si¬ mons, of Charleston. is re¬ City, of bonds has Johnson, Lane, Space of Savannah. Dated Aug. 1, 1950 to out cost. A certified check for $2,- payable quired. issue 1951 from 1 Jan. on 1962 inclusive. 1949. Denomination $1,000. Due on Burgwin, Churchill, Ruffin & Hazlett, of Pittsburgh, will be furnished to the purchaser with¬ 000, $1,000 refunding 23/4% been sold to mul¬ a tiple of Y\ of 1%. Principal and payable at the City Treas¬ urer's office. The approving opin¬ purchase of $12,000 not to exceed 3Yz% interest funding bonds. Dated Septi 1, 1949. Due (P. O. Wagner), Sold—An Bonds (MST) on Sept. 8 p.m. 16 for the South Carolina 000, Dak. Kelly, Ruth — will receive sealed District Clerk, Copnty, Wagener Cen¬ tralized High Sch, Dist. 18 Beres¬ ford. Township, is required. No. $75,000 bonds offered Sept. 6— p.. 839—was awarded to the First National Bank of Aiken receive Dakota Bond Sale—The issue of sealed bids until 8:30 p.m. $4,000 Dist., Sch. Indep. South SOUTH CAROLINA interest bond. Mayo School Dist. $9,500 ing bonds offered Sept. 1—v. 170, Sch. Dist. No. 3 (P. O. Brownsville), Ore. Bond National SOUTH DAKOTA clusive. Bidders to name the rate Bond Sale—The Linn County (J-J) payable at the Chase Bank, New York City. terest Washington (DST) on Sept. 14 for the purchase of $100,000 improvement coupon bonds. Dated Sept. 1, 1949. De¬ nomination $1,000. Due $10,000 on Sept. 1 from 1951 to 1960 in¬ is OREGON $60,000 from 1963 to 1966 inclu¬ sive, and $65,000 from 1967 to 1969 inclusive. Principal and in¬ Sept. 16 for the pur¬ chase of $36,000 township bonds. (DST) to the r > follows: as coupon bonds. for $200 is re¬ check sealed-* bids ceive as Bowman, De¬ 1, $35,000 in 1951; $40,000 in 1952 and 1953; $45,000 from 1954 to 1956 inclusive; $50,000 from 1957 to 1959 inclusive; $55,000 from 1960 to 1962 inclusive; 1949. 1, nomination $1,000. Due on Jan. ris, Township Secretary, will re¬ Bond Offering—Charles E. Dor- of Oct. Dated bonds. as 6—v. Washington County Independent School District No. 7 (P. O. will purchase of man, City Clerk, will sealed bids until 7:45 p.m. 12, S. C. Cauthen, B. Chairman of the Board of Trus¬ tees, will receive sealed bids until noon (EST) on Sept. 22 for the purchase of $1,000,000 not to ex¬ ceed 4% interest school coupon Upper Dublin Twp. (P. O. Amber), Pa. Bond Offering—George W. Mor¬ Duquesne, Pa,, bid re¬ a Offering—I. bids until First National Bank & Trust Co., of Bond quired. ion of 33 school v. Sept. on for the 15 receive (DST) $35,000 school bonds. Aug. 23. The approving check will Secretary, sealed bids until 7:30 p.m. Hill Sch. Dist. No. Rock $10,000 of purchase obligation certified A Bond 1, Monongahela), Pennsyl vania Bond inclusive, 1, 1949. Denomina¬ Principal and interest (F-A) payable at the Chase Na¬ tional Bank, New York. Legality approved by Sinkler, Gibbs & Simons, of Charleston. No. R. D. No. and im¬ the for 12 general * Twp. Sch. Dist. (P. O. • 1960 $6,000 from 1961 to 1966 tion $1,000. will receive sealed bids until Sept. option of the purchaser. The Randall; receive follows: $5,000 inclusive. Secretary, Borough Lingenfield, City, at t as to Dated Aug. for check certified A Bond the right to redeem all maturing after March 1, District, is required. and 1, 1957 quired. j 1955, on said date or on any in¬ terest paying date thereafter. Principal and interest (M-S) pay¬ able at the office of the County Treasurer, or at the fiscal agency the and Feb. on from $1,000, payable to the District, is required. 1949. Denomination $1,000. $7,000 on March 1 from 1950 to 1965 inclusive. The District re¬ of the State in New York in¬ 1959 to 1950 Principal cost. out 1, bonds 1956 inclusive. Churchill, Ruffin & Burgwin, Hazlett, of Pittsburgh, will be furnished to the purchaser with¬ Due serves from 1 hospital bonds. Due Feb. 1 from 1951 to on 56,000 2V2% hospital bonds. Due expressed in a multiple of Y\ of 1%. The approving opinion of g—Dorothy C. bonds. and interest payable at the Farmers & Mer¬ chants Bank, of Sharpsburg. Bid¬ ders to name the rate of interest, White, District Clerk, will receive sealed bids until 8 p.m, (PST) on Sept. 14 for the purchase of $105,000 not to exceed 5% interest school coupon Oct. clusive. PENNSYLVANIA electric system extension Clerk Grand River, Ohio rate e r funding on (P. O. Sheridan), Ore. O f f Bond the Carl — will Clerk, Bond Thompson, Village ceive sealed bids Offering Bond City purchase of $18,apparatus equip¬ Dated Sept. 1, 1949. 1, as follows: Sept. School County No. 48-14 Blackwell, Okla. Williams of Cincinnati Will be furnished to the t YamhilL bids until 7:30 p.m. (CST) on Oct. 4 for the purchase of $1,250,000 Ohio Bergholz., v Bond for Portland, will the purchaser at to approving opinion of Winfree, Cleveland, as 2y4s, at a McCulloch, Shuler & Sayre of price of 100.50pa basis of about Portland' will be furnished to the purchaser without cost. A certi¬ 2.18%. fied check for $15,000 payable to bids until Oct. 4 for the of improvement coupon bonds. Dated Oct. 1, 1949. Denomination $1,000. Due $5,000 & Co., of OHIO • liams, of Cincinnati, will be fur¬ to the purchaser without cost. A certified check for $1,950, nished were July 1. 000 of the City. A certi¬ fied check for $5,000, payable to the City, is required. $1,950,000 not Denomination $1,000 issue Sold—An exceed sewer (P. O. Fargo), N. Dak. Cass ' (EST) noon furnished be will receive (DST) on Directors, Sept. 14 for the purchase of $50,- the expense Warren, Ohio Offering—Carrie Bond at — sealed bids until 8 p.m. interest purchased by the First Securities a Offering Paese, Secretary of the Board of date (F-A) payable at the office of the City Treasurer. The approving opinion of Winfree, McCulloch, i ' Bond 1958, 1, paying interest any thereafter. District, Pa. A. Lillian Sharpsburg School numerical order at par and verse Co, of Charlotte, and follows: $4,000 1950 a 1C-J8 and 1969. Bonds Lyndhurst, Ohio Bond Sale—The $150 000 storm and sanitary sewer bonds offered Sept. 6—v. 170, p. 838—were 1 from Oct. on expressed in multiple of Ys of 1%. The ap¬ proving opinion of Townsend, El¬ liott & Munson, of Philadelphia, will be furnished to the purchaser free of charge. A certified check for 2% of the bonds, payable to the District Treasurer is required. bonds. Dated Aug. 1, 1949. 1967 $21,000 the rate of interest, 55 as $24,000 3% pm. to 1959 inclusive. Bidders to name obligation general 7:30 Due inclusive; $6,000 from 1958 to inclusive; $7,000 from 1964 1963 is required. 101.36, sealed follows: $5,000 from 1954 to as 1957 Luther, (DST)) on Sept. 15 for the purchase of $210,000 im¬ provement coupon bonds. Dated Oct. 1, 1949. Denomination $1,000 Denomination $1,000. Due on Aug. burger, Evatt & Barton, of Co¬ lumbus, will be furnished to the purchaser. A certified check for payable til Offering—The City Clerk interest T. & Associates, tors, will receive sealed bids un¬ Ore. (PST) on Sept. 19 for the purchase of $100,000 not to exceed interest, expressed in a mul¬ tiple of 14 of 1%. The approv¬ ing opinion of Bricker, Mar- Offering—A. Dickson Secretary of the Board of Direc¬ p.m. rate School District Johnstown), Pa. O. Bond March 15 from 1950 on receive will awarded to Wilson Due Toledo, Dated Sept. any (P. to 1956 inclusive. Sept. 1, 1951. on on Bidders date. sealed (1031) Richland Township a interest street im¬ provement notes. CHRONICLE Bank, of Portland, as 2s, price: of 100.32, a basis of about 1.89%. Dated Sept. 15, at Hopkins, noon exceed to will FINANCIAL National Don — (EST) on Sept. 20 purchase of $93,500 not $1,000, 31,000 school 2y4s, due 1 City Offering of $69,000 general obligation bonds, ! ' COMMERCIAL, & Ironton, Ohio Stanly County (P. O. Albermarle), N. C. ; •;* THE Number 4837 170 Volume $500,000 fire S125,000 . Drice of 100.06, follows: basis of about 2.46%, as fmm deoartment bonds: 4s, due on Sept. 1 as 1950 to 1954 inclusive* $275,000 as 2V4s, due on Sept. 56 1965 inclusive; 1 from 1955 to $100,000 2y>s, due on Sept. as inclusive. 1 from 1966 to 1969 000 as 1 Sept. on inclusive; 1965 to 1955 $90,000 : due 2y4s, as 2V2S, due on Sept. 1 from 1966 to 1974 inclusive. 1,000,000 school, 1949 bonds: $200,000 as 4s, due on Sept. 1 from 1950 to 1954 inclusive; * ; & Parkhurst will be furnished. Sale Bond ; school bonds purchased 170, p. 839—was awarded to the First Southwest Co., of Dallas, at 100.294, a net interest of about 1.4761%, as follows: price of a cost by Mem¬ in previously noted 739, were sold at 100.009, as follows: of price a Due on July 1968 inclusive. $223,000 as 3y4s. from 1.950 to Due 3y2s. 227,000 as 170, p. v. 1 July 1 on 1978 inclusive. from 1969 to iy4s. Gainesboro, Tenn, > Offering—-J. sealed bids Sept. 22 for the purchase of $25,000 water works improvement bonds. Dated Sept. 1, 1949. Due on Sept. 1, as follows: $1,000 from 1952 to 1963 inclusive, and $13,000 in 1964. All bonds maturing on and af¬ ter Sept. 1, 1960 shall be subject to redemption by the Town on any interest payment date on or after Sept. 1, 1959. The approving opinion of some market attorney, together with the printed bonds, i i until • ■ 10 shall receive will Mayor, 'i Draper, M. (CST) a.m, on the to furnished be pur¬ chaser without cost. inclusive. 1958 1954 to Due 1, Oct. on • (F-A) payable at the First terest Legality National Bank, Houston. by Vinson, Elkins, & Francis, of Houston. approved Weems 1, 1949. Bonds ma¬ turing on or after Oct. 1, 1956 are callable on Oct. 1, 1955, or on any subsequent interest payment date, at a price of 102. Second high bic :>f 100.05 for the $7,150,000 bonds iy2s, reflecting a net cost ol 1.4918%, was made by a syndicate which included, among others. Glore, Forgan & Co^ Equitable Securities Corp., A. C. Allyn & Fort Co., Inc., and Merrill Pierce, Fenner & Beane. Sale—The bonds has Union Securities Corp., Coffin Investments, of Dallas, price of par, a net interest of about 1.903%, as follows: B. a lost 1951 a recent election. Texas Gilmer, . $250,- water works and sewer rev¬ 000 bonds purchased by the First Corp., of San Antonio, bid reflecting a net interest enue of Texas on a cost of about noted in 3.14%, as previously 170, p. 936, were sold v. follows: as 3s. Due on Aug. from 1950 to 1974 inclusive. $143,000 1975 to Principal and interest payable at the Dallas Na¬ tional Bank, Dallas. Bonds ma¬ 274,000 l%s. Due on Jan. 1 from 1970 to 1975 inclusive. turing in 1965 to 1984 are callable at par, as a whole or in part in inverse numerical order, on Aug. Due 1, 1949. Second high July 1, as follows: on count. in turing 1970 are option of 1, 1953. The 1966 to at Town July on re¬ the the deemable au- opinion of some market attorney will be furnished to the purchaser without cost. proving Union O. Maynardsville), Tenn. (P. County ' Sale—The $100,000 school Bond bonds offered July sewer - , . , Indep. Sch. Dist'., Tex. Brenham $100,000 school bonds offered Sept. 5—v. Bond Sale—The house 170, were — awarded to of Inc., Edwards, J. R. 935 p. Dallas. 1949. Due on March from 1950 to 1969 inclusive. Dated Sept. 1, I at clusive, Texas Bonds Publicly Offered — Volz Carswell & Co. of San Antonio, ire publicly offering an issue of 1950 second 2s, at as The highest bidder was Scott, Horner & Mason, lor 2s, at a price Bond 1958 in¬ bids sub¬ $40,000 not to ex¬ 4% interest school house offered on Sept. 6—v. 170, bonds p. 936. The State Board of Edu¬ to purchase the as 3s. The bonds are dated $125,000 revenue bonds, divided as cation has agreed follows: $93,000 Corp., of Nashville, on a bid reflecting a net interest cost of The 2.43%. about bidder terest cost of a net in¬ 2.43%. about Bond Offering fol¬ V 1968 1973 to until Sept. 23 for the purchase cf Se¬ ries 1949 bonds. Due serially in 30 years. The approving opinion dormitory revenue, DIVIDEND NOTICE Allen B. DuMont Laboratories, Inc. 1, Sept. 1949 from 1950 clusive. on 1959 in¬ to water and bonds. Due on Sept. 1, sewer as Nuveen & be furnished the rate name Paying Agent has Library, Series EE, $428,000; Public Health Center, Series FF, $150,000. All three is¬ sues are dated Oct. 1, 1949. Public bonds will be for the on 15.—V. Sept. con¬ 170, p. 936. City bids until 10 Issue Bond — An to exceed 1%% bonds. fol¬ of expected bonds in the $19,000,000 toll revenue to be made future. ' , Pend Oreille County Con. VERMONT Cambridge, Vt. (P. O. Jeffersonville), Vt. Offering—The Board bids until noon (EST) Sept. 15 on 1959, at par and accrued interest plus a premium of 2x/2%, such premium reducing of 1% each Sept. 1 thereafter until the call price of par is reached Sept. 1, 1964. the purchase of $75,000 not to exceed 4% interest municipal Denomination $1,000. Due $5,000 on Sept. 1 from Sept. 1, 1950 1949. 1964 to National First Principal inclusive. (M-S) payable at the and interest obligation bonds offered Aug. 27—v. 170 p. 740—were awarded to the State, as 2.60s, at a price of par. Gray, Boston. of Bank will purchaser. furnished be r Principal and interest (M-S) , , to Dividend Ector T*e B. Board of Directors of Allen DuMont Laboratories, Inc., has regular quarterly divi¬ dend of $.25 per share on its out-, standing shares of 5% Cumulative declared County, County Independent School District (P. O. Odessa), a school Sold—An issue of $200,000 bonds has been sold to Rauscher, holders Antonio, at business record September at 15, PAUL September 7, 1949 the close of 1949. RAIBOURN, Treasurer phases of television a & Co., price of bids Sept. 27 of par, a San basis terest $100,000 100,000 as 2V4S. 1950 as to 2s. Due 1954 Due on on Oct. Oct. purchase of 250,000 1949 Oct. > of interest; multiple of y4 a ex¬ of approving opinion of Cutler, of Chicago, & $5,000, payable to Treasurer, is required. the City WYOMING Freemont County, | . Dubois High School District P. O. Dubois), Bond Wyo. Offering — Max will receive Hen- until 7:30 p.m. (MST) sealed bids Sept. 24- on for the purchase of $50,000 not tc> exceed 3 V2 % interest < building bonds. Dated Aug. 1, 1949. De¬ Due $5,000 on nomination $1,000. Aug. 1 from 1951 to inclu¬ 1960 sive. Principal and interest (F-A) payable at the County Treasurer's office. The approving opinion of Pershing, Bosworth, Dick & Daw¬ son, of Denver, will be furnished to the purchaser. A certified check of the bonds is required. Rawlins, Wyo. Offering—The City Clerk Bond will -received bids sealed 36,000 until system bonds. sewer These bonds F authorized at were the election held July 9. on CANADA M MANITOBA Manitoba 1 from (Province of) to 1974 in¬ County Treasurer's office. opinion of some market attorney will be furnished at the The bonds., 1 elusive. approving from improvement of Due 1950 \ $10,000 to on 1374 in- issue of $11,refunding bonds has been sold to Wood, Gundy & Co., A. E, Ames & Co., Dominion Securities Corp., all of Toronto, Royal Bank Canada, of Montreal, and the Canadian Bank of 98.61, as from 2%s. Due 1950 8,500.000 Commerce, of a price follows: as $2,500,000 r of as on Oct. 1 1959 inclusive. Due to 3s. on Oct. 1, - v 1965. ■ • his own ex¬ A certified check for 5% by the purchaser at pense. of QUEBEC the bonds, is required. Quebec, WISCONSIN Bond Sept. 6 awarded 170, p. 936 — were W. Baird & Co., and Milwaukee Co., both of Mil¬ Robert to the waukee, jointly, as IV2S, at a of 100.83, a basis of about Dated March 1949. 1, March 1 from 1951 to sive. on 1960 inclu¬ Wis. $500,000 school offered Sept. 6— 644—were awarded to Forgan & Co., Merrill 170, Glore, p. Lynch, Pierce, Fenner & Beane, both of New York, and Mullaney, Wells & Co., of and $3,826,700 various re¬ municipal works bonds offered Aug. 30 were awarded to syndicate composed a of L. G. Beaubien & Canadienne of Co., Banque Nationale, Quebec, at basis Manitowoc, building bonds funding both of 1.36%. Toronto, and Hamel, Fugere Cie., v:\' Bond Sale—The Que. Sale—The price Montreal, Wood, Gundy & Co., of Due v. general 000 000 Sold—An Toronto, and Associates, at Due $10,000 on 1950 1, 1949. Denomination Bonds $1,500 from 1960 to 1967 inclusive and $2,000 in 1968 and 1969. Prin¬ cipal and interest (A-O) payable improvement, se¬ clusive. 1 1, 1949. Denomina¬ on to exceed 4% in¬ bonds,; divided as ries K bonds. from 1955 to 1959 inclusive. Dated L. rpceive follows: 1 1950; and 1953, tified check for receive 15 for the Kaukauna, Wis. Bond Sale—The $120,000 swim¬ (EST) noon the for not coupon Oct. Oct. inclusive. until $250,000 street of about 2.06%, as follows: from in all Pierce sealed will Treasurer, ming pool bonds offered will Auditor, City $500,000 Bonds Convertible Preferred Stock, payable October 1, 194? to Preferred Stock¬ of Texas in to of ;; Danville, Va. Offering — Randolph Bond Hall, $40,000 1951 $500. Due on Oct. 1, as follows* $1,000 from 1951 to 1959 inclusive, —v. Bank, Austin. Legality approved by Gibson & Gibson, of Austin. De¬ rate in The 1%. (P. O. Yakima), Wash. Offering — C. S. Cole, the VIRGINIA . ; the name pressed Bond & Rugg of Coolidge Best, Boston payable at the American National Preferred from Yakima County Sch. Dist. No. 32 approving opinion of Ropes, The 1949. $30,000 in 1954 and 1955. Principal and interest (M-S) payable at the City Treasurer's office. Bidders to Sch. Dist. eral Dated Oct. of sealed receive will Selectmen improvement coupon bonds. Dated turing in 1960 to 1979, become op¬ tional for payment on Sept. 1, 1, Sept. 19 for the purchase of $86,000 bonds, divided as follows: purchase of $25,000 not to exceec 6% interest school coupon bonds and 1979. 1949. Denomina¬ tion $1,000. All of the bonds ma¬ 17th street bridge Sept. follows: as No. 59 (P. O. Cusich), Wash. Bond Sale—The $84,241.40 gen¬ sealed bids until Sept. for Dated Sept. 1, Dated offering is near (CST) on Sept. $250,000 not a.m. 22 for the purchase of for 5% Virgiria (folate of) To Risers, Wis. Offering—H. G. Appleby, Clerk, will receive sealed Trustees, Manufacturers been ap¬ — Company sidered price a thorne, Secretary of the Board of pointed New York Paying Agent for the following bond issues: Public School, Series DD, $2,100,- Bids Co., for 1X/2S, at Two without cost to Roanoke, Va. 000; The John was will be furnished to the purchaser at the expense of the City. A cer¬ in¬ Treasurer, is required. Trust 1 March on inclusive. bidder Bond purchaser. A certified check $80,000, payable to the City for Dated of 101.38. ple of 1/10th,-or x/4 of 1%. The approving opinion of Reed, Hoyt & Washburn of New York City will Due 1959 to highest Chi¬ of 1.16%. $160,000 interest, expressed in a multi¬ of 1949. 1, 1950 second Co., price of 100.41,! a about Chapman 1977 to 1953 from 1 Bidders to clusive. of 15, 1949. Denomination $1,000. Due County 1977 inclusive, and $7,000 in 1978 lows: $6,000 from 1975 to basis from Trust iy4s, at , Bond 3y>% 32,000 mature and 1 March inclusive, $6,000 in 1974. The Board of — Directors will rece;ve sealed bids $150,000 sewer as 1953 1954 to 1960 inclusive; $4,000 from 1961 to 1967 inclusive; $5,000 and Agricultural and Mechanical Col¬ lege of Texas — The Prairie View Agricultural Texas (P. O. College Station), Texas Sept. 1, inclusive. $3,000 from from TEXAS on lows: $2,000 from 1950 to highest Securities Corp., on a bid reflecting and water 3V4% bonds. Due second Equitable was , Northern cago, as issue curities the $50,000 water system bonds. were mitted for the ceed regis¬ WASHINGTON Indep. Sch. Dist., Texas Sale—No $72,000 heating equipment bonds offered Sept. 6— 170, p. 840—were awarded to $50,000 Harrell, A. Dated Oct. tered bonds. 3%s; 1973 to 1977, as 3M>s. Wortham Va. Offering—C. Dec. Sept. 1 from 1950 on nomination $1,000. Due on March City Manager, will receive sealed bids until 11 a.m. (EST) on Sept. 27 for the purchase of $4,000,000 not to exceed 4% interest water on a v. a inclusive. 1969 to 101.90, Sturgeon Bay, Wis. of price of 100.19, a basis of about 1.98%. Dated Jan. 1, 1949. Due on Jan. 1 Charlottesville, of Bond Sale—The were — 1959 to 1972, as 1xk\ as follows: 1950 to due from bonds as 101, of price a Bond Burnet, 170, p. 740 v. — 28 were of San Antonio, Investment Corp. offered Sept. 6 were awarded to the Cumberland Se¬ bonds >* Sept 6 offered bonds awarded to C. F. Cassell & Co., awarded to the Southern National $1,000 in 1950; $2,000 from 1951 to 1961 inclusive, and $3,000 from 1962 to 1970 inclusive. Bonds ma¬ $350,000 hospi¬ construction 1, 1949. Denomina¬ 1, 1964, and on any interest pay¬ bid of 100.016 ing date thereafter. Legality ap¬ Bond Offering — J. Hoosier, for a combination of 3s, l%s and proved by Dumas, Huguenin & Mayor, will receive sealed bids 2s, or a net cost of 1.96%, was Boothman of Dallas. until 10 a.m. (CST) on Sept, 22 made by the Philadelphia Nafor the purchase of $50,000 street Hondo, Texas ional Bank and the Firstration¬ Bond Sale—The $125,000 storm improvement bonds. Dated July 1. al Bank of Portland, in joint ac¬ 1949. Bond Sale—The tal the Due on Aug. 1 1984 inclusive. 3x/4s. as 1 (F-A) All of the bonds are dated Oct. Tracy City, Tenn. -v".' of 1948, series A, coupon or Details—The Sale Bond 1, 1949. Due Sept. ' tion $1,000. 1969 inclusive. 1955 to : ;; price a to 1969 inclusive. a (P. O. Pearisburg), Virginia at basis of about 1.56%. Dated Sept. 1, bonds. Dated Aug. from Due on Jan. 1 City, ^ Giles County Norfolk, These bonds were authorized at from 1954 inclusive. to 540,000 ?s. is required. 25,000 city hall and fire station 107,000 from Due on Jan. 1 3116,000 3s. successful of the bonds, payable to the 100,000 sewer extension bonds. Henry at the A certified check for 2% of 100.16. Burr, and & furnished l%s, as in a The $400,000 v/ater system bonds. as King, Quirk & Co., all of New York, and the Louis fol¬ as : . $930,000 sold, expressed l/20th of 1%. of the name interest, be from issue of $525,- been lows: Lynch, general obligation bonds ($180,J00 police and courts building and 5750,000 public free school bonds) offered on the same day were awarded to an account composed Tex. Stockton, Sold—An Bonds 000 as of in¬ and Principal of multiple 1950 to from 15 Aug. on inclusive. Bidders to urer's office. rate will permanent improvement refund¬ ing bonds has been sold to the Eddleman-Pollok Co., of Houston, as 23/4s. Dated Nov. 1, 1949. Due 1957 Oct. 1, 1949. Denomina¬ Principal and interest (A-O) payable at the City Treas¬ bidder. Bonds Sold—An issue of $48,000 Oct. Additional Bond (P. O. Richmond), Texas $6,000 Dated tion $1,000. approving opinion of Reed, Hoyt & Washburn of New York City Fort Bend County Sept. 8— on Parkhurst & by McCall, Crowe, of Dallas. proved v. 1959. phis Securities Corp., of Memphis, and Associates, on a bid reflecting a net interest cost of about 3.42%, Principal and interest payable at the Mercantile National Bank, Dallas. These bonds were authorized at an elec¬ tion held on Jan. 8. Legality ap¬ (A-O) extension rev¬ Monday, September 12, 1949 FINANCIAL CHRONICLE & tion $1,000. system sewer offered bonds Dated Details—The $45,000 Sale Bond ■. and improvement and 1,460,000 Dyer County (P. O. Dyersburg), Tenn. X The issue of $7,- — works water from if"- > „ 1 electric light and power, 150,000 enue . . as Dated Sept. 1, 1949. "• '» ; Texas Austin, 2y4s, due on Sept. 1 from 1955 to 1965 inclusive; $960,000 3s. Due on Oct. 1 from 1950 to 1953 inclusive. v $360,000 as 2%s, due on Sept. 4,730,000 l%s. Due on Oct. 1 1 from 1966 to 1974 inclusive. $440,000 as General and McCall, Crowe, of Dallas, of Attorney 250,000 park and recreation bonds: $50,000 as 4s due' on Sept. 1 from 1950 to 1954 incl.; $110,from COMMERCIAL THE (1032) Chicago, jointly, a of about $568,000 as from 22As. 1950 1,188,000 from as to 3s. 1955 to 1,225,000 price of 98.82, 3.40%, as as Due on 1954 a follows: Sept. 1 inclusive. Due on 1963 inclusive. 3%s> Due on Sept. 1 Sept. 1 1964. Dated Sept. 1, 1949. ;l 1 1