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BUS.
ADW
library
MONDAY
1
—f
Be*. U. 0, Pat. Offlcaj
Volume 156
Number 4107
New
York, N. Y., Monday, September 14, 1942
Price 60 Cents
a
Copy
4;
f
AND
CITY
-
kjiV'.AV..
»
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
vL
San Francisco
(City and County),' by
Calif.
In This Issue
Notes
Sold
Clerk of the Board of
states that
Corporation News
tion
:v
A.
Supervisors,
offered
were
for
sale
Sept. 8 and were purchased by
syndicate composed of the Bank
of America, N. T.
& S. A., the
on
State and
City News
a
American
Anglo
QUOTATIONS
New
York
New
Co.,
California
of
San
and
National
Florida
San
Exchange
Curb
of
Francisco
(City and County),
Notes
Exchange
of
Jacksonville, forwards the
of
the
A
Supervisors
passed
Unlisted Securities
The
said
Board
to
have
authorizing
$9,000,000 tax anti¬
during the fiscal
notes
(See Index Below)
(State of)
Collections Up in Year—
Bond
Offering
McGehee
City
—
states
Clerk
that
he
J.
Highway Commission.
The State expects to derive
270,301
from
division,
funds
its
motor
$1,310,514
allotted
vehicle
projects, and $2,376,592 in Federal
funds allotted to new projects. In¬
cluded
in
the total
anticipated
revenues is a balance of $1,035,933
in the State highway fund on June
30, the close of the last fiscal year,
,
.
,
and other smaller items.
The
■,
,
f
,
highway
land
construction
equipment of
airport
or
within
a
or
by
to
The bonds will be secured
direct ad valorem tax of not
a
exceed
all
on
3V2
of
taxable
said
ex-
pects to spend $1,473,681 in maintenance of roads and $467,000 for
real
until
all
paid.
are
bonds
The
no
it
less
would
$32,595,-
made
in
total
year.
to
collections
the
were
by sales and income taxes.
Sales taxes amounted to
$8,545,109
rates
rose
559,239..
■
Only nominal gains
in highway revenues.
~
and
in¬
bonds
may
con¬
and
pay no more
receive and pay if
,
,
,
year
had total
revenue
Motor fuel
aggregated >.$9,910,907
compared
with
$9,853,887,
089
in the
1941
fiscal year. V
"
ARKANSAS
Arkansas
I
Bond
v
>
(State of)
Tenders
Invited
Ralph
Secretary of the State
Board of Education, reports that
B.
—
Jones,
the Board
received
tenders
*
10
a.m.
(CWT),
.
"
until
Sept. 14 (to¬
day). of all issues of State Board
on
of Education
bonds.
Offered
received
Sept.
.
11,
by
Sealed
—
until
E.
10
proposed
State
$2,451,511, against $2,-
for
the
treasury
compared
general
balance,
fund
year,
cash
and
$15,920,552,
$12,677,050 as of
was
with
June 30, 1941.
year
of the fiscal
funds
general
The balance in the
at
amounted
the close
to
$2,566,452,
of
$2,349,209,
figure
a
the
as
7.3%
ahead
of
collections
of
$2,392,735
in
June, 1941. Motor fuel and motor
two
the
of
cents
and
from
no
source,
his
of. Governor
constituting, without prefer¬
ence
or
notes
over
issues,
priority of
a
or
any of said
to any other of said
first
lien
against said taxes.
and
\
charge
■
,
v
of
the
be
American
closed
for
September
on
the
19th,
Directors'
Friday,
cn
1942.
September
Meet¬
B.
BROWN,
18th,
ELLIOTT
Treasurer.
FISHER
COMPANY
cf Directors
at
a
meeting held
10, 1942, declared a dividend for the
quarter of tne year 1942 of 50c a share
the
on
Common
Fisher
Stock
of
Underwood
Elliott
Company,
payable September 30,
record at the close of
September 21, 1942.
stockholders cf
ness
Transfer
books
will
C.
United Shoe
not
S.
1942,
busi¬
closed.
be
DUNCAN,
Treasurer,
Machinery Corporation
Directors
clared
a
Common
Corporation
have
de¬
and Common- stock are payable Oc¬
1942, to stockholders of record at the
business September 15, 1942.
WALLACE
M.
KEMP, Treasurer.
5,
close
'this
of 37'.^c
per share
on
the
capital stock.
They have also de¬
dividend
of
62'j>c per share on the
capital stock.
The dividends on both
Preferred
tober
of
dividend
a
Preferred
cf
.
mesage;to the Legislature
8, 1941, that the plan be
of
to
a
It
approval
the
;
ciation
people
in
no increase of
the present gas tax cf seven
cents,
and affects only two cents of this
the,
to
tax,;, as ' contrasted with three
cents, which has been used for this
the
Legislature
the
the
of
accomplished with
amend¬
addition
the
of
in
;
constitutional
has
endorsements
the-
of the county or the special road
and bridge districts there.
This is
Holland
State
purpose
sfhee^31, but without
satisfactory results because of lack
Asso¬
of County
State
Commissioners,
Department .and
Road
the State Board of
all
of'
trying^to solve
of
which
are
at
be eased as much as
the
constitutional
mation "qn
amend¬
lahassee. '
It calls for the distribu¬
line and other motor vehicle
from
$952,474,
present State tax
gallon
on
gaso¬
fuel,
and motor vehicle license fees de¬
pro rated among the counties ac¬
creased
25.1%
to
$59,253 from cording to their respective areas,
$79,063.
populations and amounts contrib¬
;
r
uted by them to State road con¬
Del Norte, Colo.
.
—
exceed
3V2%
repair bonds.
the
struction.-
,
outline
be
may
in
Bond
Tenders
ders
of
bridge
Received
the
matured
original
or
or
a
obtained
Tal-^
■
.
connection with
call
or
—
for
In
ten¬
unmatured
,
refunding road and
highway bonds, time
warrants, certificates of indebted¬
ness
and/or • negotiable notes of
various counties and speeial road
and
bridge districts
the
of
State
Aug.
county's pro rata share of of Florida, on
28, , State
Edwin
Larson
in¬
such taxes as they accrue would Treasurer J.
forms us that eight parties offered
be used by the State Board of
Each
'
Administrationv for the retirement
of
county
district
and
road
road
and
and
bridge
bonds.
•,
..
with any surpluses
not
of such taxes
required annually in any year
Fla.
for
such
debt service to
Governor
Holland
*
bridge
bonds,
Bay County (P. O. Panama City).
Tax Sch. Dist.
proposal will find
Teomplete
from the Governor's office in
operative beginning next
per
4'
■
pamphlet«-4hat
,
1.
ri^re
a
adopted by the citizens at
the polls oh Nov. 3 the plan will
become
;
,
..jfW
Citizens -desiring? further infor¬
ment is
Jan.
seven-cent tax is
any future session of the Legis¬
lature.
fiscal*problemsylb the epd
that tax burdens upor^b^
aliens
If
^ei^ts of the
subject-jjto legislatiye disposition
State
may
Trie remaining
p^Nnanence»
five
Administrators,
of the
be
INDEX
Page
used,- Quotations;;
emphasizes:
Starke), Fla.
the point that the most importantBonds Sold—It is stated
the"
by W. efect" of
amendment,
if
E. Middleton, Superintendent of
adopted, will be the guarantee
the Board of Public Instruction., that there
will no longer be any
that $35,000 3%\semi-ann. school,
necessity of levying ad valorem
bonds were purchased on
Sept. 7 taxes to service these road bonds
No. 3 (P. O.
books
1st,
held
be
YORK
Board
third
The proposal follows the recom¬
mendation
12.5%
Bradford Co* Spec.
other
The
special
of the
a
repayment
dustry. Motor fuel taxes declined
to
October
UNDERWOOD
tion to the several counties of the
not
will
clared
proceeds of two cents
$5,000
record
Company
STREETS
NEW
September
cents
seven
vehicle license taxes reflected the
$833,425
WEST
ROBERT
the
curtailment in the automotive in¬
to
■
HAWKINSON,'
1942.
outstanding road and bridge bonds
over a 50-year
period at reduced
ment.
close
ing
to
gallon be set'aside in
form
the
until
The
that
gasoline tax of
April
440,767.
At
AND
of transfer of stock
These obligations
Florida,* home folk and
alike,; and inasmuch as
they are useful tb all it is now
and
bids
.Dusenberry,
all
'
,
E.
visitors
ed
totaled
1942
have been enjoyed
motorists
who
travel
submitted
water works
on
by
and
.
a.m.
bills.
stock
purpose
County Clerk, for the purchase of
Bond Validation Sought — A 80% for the construction of $\$te#
roads in the county or for the
$1,300,000
not
exceeding * 5% petition is to come up for a hear¬
notes.
Denom. $100,000. Payable ing on Sept. 19 in the County Cir¬ freeing
of toll bridges in the
on Dec.
31, 1942, out of the first cuit Court 'on the validation of county and 20% for the construe-,
tion and maintenance of countyo
moneys received by the
$422,000
highway refunding
county
from taxes levied for and
roads. Outstanding bonds affected'
collect¬ bonds.'
ed during the fiscal
approximate $178,000,000.
year 1942and
•
through
in
FLORIDA
Notes
1943
J
W.
Manufacturing Company will
which result in burden¬
motor vehicle license fees collect¬
of
County (P. O. Fresno),
Calif. ;
were,
in
and
These roads
shown
,
CALIFORNIA
Fresno
of $7,339,-
376, including $3,833,830 in net
gasoline taxes, and net expendi¬
tures of $6,877,317. This left a sur¬
plus for the year of $462,059.
It
compared with a balance of $434,r
•
.
V
v
.
mailed.
rates of interest.
were
taxes
...
The department in the last fiscal
be
1942.
NOBLE
ad valorem taxes.
a
$1,003,446 will be Little Rock. A certified check for
expended for r general accounts, $10,000, payable to the city, is re¬
Bonds Authorized
The City
such
as r net
departmental
exr quired.
;
Council is said to have passed an
penses, the cost of highway patrol,
ordinance authorizing the issuance
and other items.
will
American Manufacturing
advantage of improved highways
and pioneered in
building them,
and have been
paying for them
fund
receipts of $7,744,254 in the
fiscal
year.
Income
taxes
21.2% to $4,312,994 from $3,-
against $1,226,587 at the close of
A total of
„
exists
road
payable
Secretary-Treasurer.
incurred by the progressive
whose citizens saw the
over
1941
the 1941 fiscal year.
!
The June report of the State
showed
total
tax
collections
of
city,
betterments.
Construction work the bonds were not converted.
require expenditure of $2,690,100 The city will pay the expenses of
to complete projects now. under the issue,
including the approving
way and $4,869,965 for new proj¬ opinion; of Wallace
Townsend, of
ects.
Checks
counties
and recorded an increase of 10.3%
the
lower rate of interest
a
advance
year
personal
such terms that the city will
receive
than
and
privilege of
be sold with the
upon
the dollar
voted by the city
election and wiil
was
special
continue
terest
on
property within
and this tax
at
mills
the
version to
department
and
flying field
city.
there
counties
tax
increase of
collections of
over
in the preceding fiscal
Important contributions
the
and
necessary
without the corporate limits of the
$5,-
in
Federal
uncompleted
to
the
an
519
Martin, Chairman offer for sale at public auction on
\Vater Commis¬ Sept. 22„ at 3 p.m., an issue of
sioners, that the water works re¬ $100,000
airport
improvement
funding warrants being called for bonds. Interest rate is not to 'ex¬
payment on Oct. I—v. 156, p. 737 ceed 3%,-payable
M-S.
Dated
'v—wnrbe redeemed at 105% of the Sept. 1, 1942. Due Sept. 1, as fol¬
lows: $4,500 in 1945 to 1948, $5,000
principal amount
in 1949 to 1952, $5,500 in 1953 to
i
ARIZONA
1955, $6,000 in 1956 to 1958, $6,500
in 1959, and $7,000 in 1960 to 1962,
.X'" Arizona (State of)
Callable on any interest paying
Road Yield Seen At New High—
date on and after Sept. 1, 1952.
The highway department of the
These bonds were authorized at
State of Arizona anticipates total
the special election held Aug.
25,
revenues
of
$10,504,192 for the
and are issued for the acquisition
of
of
Transfer
bridge bonds bearing heavy inter¬
$34,- with
will
S.
budget prepared by M. C. Hankins,
Secretary of the Arizona State
the
,
.
30,
1942, to stockholders of record
of business-September 14, 1942,
books will not be closed.
September 3,
The
stated,
of
>
close
BROOKLYN,
Briefly
state
250,365 and showed
Fayetteville, Ark.
current fiscal year, according to a
the
the State.
most
'
No.; 73
declared,
September
at
save money for the
taxpay¬
of many of the 67 counties in
ers
Total taxes collected by the
of
Colorado
in
the fiscal
5.1%
;
"Florida4 Times-Union":
Nov. 3, will have an
oppor¬
tunity to approve a proposal that
ended June 30 amounted to
ALABAMA
Board
Dividend
A
dividend of twenty-five cents ($0.25)
per
share on the common stcci, without
par value,
cf
this
Compr.ny hr.s ■ been
Tax-Saving Amendment
were
Colorado
Tax
Charles
Common
fol¬
recent issue
Florida voters, when
they go to
polls at the general election
est
Miscellaneous
the
a
some
COLORADO
by
ALLIS-CHALMERS
the
ordinance
an
cipation
is
—
year.
of
NOTICES
MANUFACTURING COMPANY
will
Authorized
the issuance of
W.
DIVIDEND
(State of)
lowing reprint' from
Bank,
Calif.
Out-of-Town Listed Markets
Anniston, Ala.
Redemption Notice—It is stated
Agency,1
Proposed Constitutional Amend¬
ment—The, Clyde C. Pierce Corp.
the
Francisco, at 0.45%.
Works
on
Stock
York
all
Trust
Federal
par.
Barry,
$3,000,000 tax anticipa-'
notes
the
at
David
—
New York
Stock Exchange........
rtc.-Curb Exchange
...
1.....
her <Stnck Exchanges............
.
^Unlisted Securities
State
and
Bond
943
948
City Department:
.
Proposals apd Negotiations. 905
Gen. Corporation and Invest. News.
New
921
937
Capital Flotations...
Dividends
Declared
and
—
1
Payable....
951
912
918
Redemption'Calls and Sinking Fund
Notices
Auction
The
918
Sales'
963
Course of Bank
Foreign Exchange
V
Clearings...... 915'v
Rates......
983
THE COMMERCIAL & FINANCIAL CHRONICLE
906
(P. O. Tavares), Fla.
—
It is
stated by
Lake County,
Correction'
i
J. Dykes, J Clerk of the
Board of Commissioners,
George
County
'that
the
election
an
for
called
been
had
Sept. 11 to have
report
t^e voters pass on $325,000 high¬
way construction bonds—v. 156, p.
B6nd Call—It is stated by O.
R.
vided
be
must
Bids
sioners.
accompa¬
by
an
warrants shall be furnished by
"of 1933, Series A and B, outstand¬
ing, ;are being called for payment
on
Oct. 1.
Dated April 1, 1933.
warrants bid
the
bidder.
will
redeemed
be
at
for, payable to order
the Board of
of
tral
Trust
&
Bank
Hanover
York.
sioners, is required.
stated
.
Voted—The
states that at an
ILLINOIS
City
election
on
Clerk
Aug.
revenue
re¬
were
Sept. 1, 1942." Bidder to
one rate of interest, in mul¬
employers' tax for unem¬ tiples of V4 of 1%; no bid to be
ployment compensation, the net for less than par and accrued in¬
from
liquor and beer and the terest. Prim and int. (M-S) pay¬
cigarette tax.
Liquor and beer able at
the
National
Shawmut
revenue
totaling $4,781,712 ex¬ Bank in Boston.
ceeded that of the preceding year
by $1,166,488.
yielded
MICHIGAN
The cigarette tax
which
$1,338,743 for the
year, had been-in operation only
two months of the previous year,
when income was $236,708.
Gasoline
*
by Jess S. Cave, Commis¬
shown
that he is call¬
revenue
was
report as dropping
$6,349,921 to $5,794,577, bul
from
ing for payment at the redemption
tax
the
in
this
decrease
in
due
was
part tc
of, 105% of the principal ■the fact that revenues for
only 11
thereof, .together with ac¬ months were
contained in the to¬
Oct.. 1,
pleted—The Carthage "Republi¬ No date of sale has been fixed as Public Belt Railroad Bridge reve¬ tal for the year just ended. The
June gasoline tax assessment of
can" of Aug. 26 reported in part as
nue bonds, issued under indenture
yet.
:
$459,900 was not available before
follows:
dated Oct. 1, 1932, as amended by
the books were closed, the report
Le Mars, Iowa
After a year's work, filled with
supplemental
indentures
dated
Bond Offering — City Clerk F.
explained.
unexpected
delays
and
disap¬
June 1, 1933, and Oct. 1, 1935, re-;
"Health, welfare and charities"
pointment city officials have fi¬ W. Stamp states that he will re¬
spectively,
aggregating A $70,00(1
expenditures
totaled
$7,907,232,
nally brought to a successful con¬ ceive sealed and oral bids until
bearing the following numbers, an
increase of. $381,309 over the
clusion
and refinancing
of the Sept. 15, at 2 p.m., for the pur¬
following the prefix "M":"!
previous year, which was attrib¬
$58,000 indebtedness against the chase of $21,000 city hall bonds.
Carthage, III.
Refinancing
Debt
Water
Com¬
24, the voters approved the issu¬
ance -of $60,000
municipal airport
price
purchase bonds by a wide margin.
,
outstanding indebtedness has been
reduced from $58,000 to $55,000
Jand the interest rate has been re¬
which will
to 3%
duced from 4%
saving to the city of some
mean
a
thing
over
$5,000 over the life of
The
the bonds.
serially 3
new
1942 to 1946, 4 a
year
a
bonds mature
1947 to 1953, and 5 a year
1954 to 1956, with a provision for
paying off the last 15 bonds soon¬
er if the city should desire.
This
•means that all of the
present in¬
debtedness
against
the
water¬
works will be paid off by 1956
year
"
if not before.
■
,nance
water
bonds
water
James
•
•.
•
E.
McCosky, City Clerk,
reports that the city has entered
into
the
Davenport,
with
agreement
an
White-Phillips
Cd.,
and the Municipal Bond
Co., Chi¬
an issue of
for the sale of
cago,
water
system
bonds.
the
Legal Opinion—The
city
May 23 last.
tion bonds
Hammond School
Issue
Donald
an
annual
tax
payable from
not
limited
a
but sufficient tax.
that
states
|
L. A;
water
$16,000
bonds!, approved
the
by
in June, have been pur¬
by Paine,!Webber, Jackson
chased
& Curtis of
Chicago,
Sioux
C.
as
uted
principally
5505;
Carlson
A.
•'
•
-
>
Treas7
in
all
1, 1942. -Due on Dec. 1, 1946. In¬
payable J-D.
V
terest
5206 5263 5345 5399 5457 5493 5573,
"7
KANSAS
.V
Clerk
the
County
$100,000
public works relief bonds sold to
the Small-Milburn Co. of Wichita,
at
a
price of 100.511—v. 156, p. 738
purchased
in
—were
$10,000
as
1V4S, and
1943 to 1952,
basis of about 1.15%.
a
j
T
KENTUCKY
City, Ind.
in
Bank
Newport, Ky.
the increase in the unemploymen
fund surplus.
The highway tunc
the/Hiberniai
of
office
principal
National
the
payable at
are
New
Orleans,
had
operating deficit of $910,*
565, after which the highway sur¬
plus, had a balance of nearly $2,-
at the option of.-the
respective bearers, at the Chemi¬
cal Bank & Trust Co., fiscal agent
New York, or at the principal of¬
trustee,
or,
end of the year was listed
ing
date.
MARYLAND
from
called
bonds
V.;
1, 1942.
No.
Bond
and
listed
5390
-
Other
"J,
the Sept. 1 award of $485,000 pub¬
above Ms
lic works certificates of
Warrant
Ind.
Offering —
Glenn
Ralston, County Auditor, will
ceive
bids
sealed
until
10
B.
to
Baltimore, as Is, at a price of
100.229, a basis of about 0.968% ^
regis4
shall
present ■. same
properly endorsed for transfer to
said
Hibernia
New
trustee,
-
I
edemption price of said bond Not j
5390, and for the exchange for, a |
new
fully registered or. coupori
bond or bonds for the balance.•;!
said
ley
;
.
r.nd
May 1, 1943, and 3% thereafter.
Cutler of
re¬
on
of
Sept. 15 for the pur¬
$225,000 not to exceed
:
LOUISIANA
a.m.
•
(CSTj
chase
Chicago.
"
k
i
r
'
'
J
&
Watts-
The
of the
dated
July
Denom.
$5,000. Due Dec. 15,
Payable out of faxes here¬
1942.
tofore
levied
for the county wel¬
fare fund and in
tion.
course
of collec¬
The warrants will be award¬
'
''
'
'
Phillips, Sec¬
of Liquida¬
tion, City Debt, that notice has
been given to holders and owners
of 4% public improvement
bonds,
1940,
and
ed to the
highest qualified and re¬
sponsible bidder who has submit¬
1942,
that
ers
ted his bid in accordance with the
complied
notice of sale.
and
will
be
the
The highest
one
who
bidder
offers
the
Board
1,
1900,
callable
all
due
July
after July
bonds
(the
1,
1,
own¬
and holders of which have not
with
assented
forth
in
the
to
provisions
the
resolutions
plan
of
as
set
adopted
by
lowest net interest
the
termined
maturity and deducting therefrom
the premium
bid, if any.
Ac¬
City, and Board of Liquidation,
City Debt, on June 5, 1942) are
called for payment and redemp¬
tion, on Sept.* 15, at par and ac¬
crued
crued interest.
interest
cost, to be de¬
by computing the total
all of the warrants to
on
interest
on
the
warrants
-
a
•Tune 30,
1942,
were
Commission
-
.
National
Bank
■
Council
of
the
The
••
by
the
in
reduction
bonded debt
,
r
municipality
the
to
receive
De-
-'rtquent taxes, however, will con¬
to be collected only at the
tinue
The banks will receive
city hall.
payment for this'service,
no
objectives
the
venience to
being
public
the
con¬
the
and
conservation of tires, according to,
International
the
Managers'
City
Association.;
y"
;
'
Ferndale, Mich.
.
Certificates Called for Payment
H.,
—T.
City Clerk,
Oct. 1, 1942,
certificates of in-,
O'Donoghue,
calls for payment on
the
following
:!.,.y
debtedness:
;
•
Series A, Nos.
23, 49, 50, 52, 67,
87, 94, 95, 108,; 142, 144, 145 and
'AA V
-..A-
146.
Series
53, 60,
B, Nos. 2, 8, 25, 41, 51,
99, 108," 117, 131, 155, 220,'
237, 238, 239, 244 and 272.
A
A
Said certificates should be pre¬
sented
for
payment
Treasurer's office
at
the, City
IV4'/
101.477
\\V;'c>
Trust
......
&
•
"
/
*
v
<■*
Union
101.3009
.
y.,
Savings Bank
1
-'
101.2799
IW.i.
?,...
.
Everett, Mass.-
Bond Offering
sealed
>
State's
in
— City Treasurer
Lundgren will receive
until II a.m. (EWT):
15, for the purchase of
bids
multiples of lk of 1%;
no
bid
for less than par and accrued in¬
terest.
Prin.'and int. (M-S) pay¬
able
at
the
Called
ley, District Secretary, announces
Oct. 1,
1942, at par and accrued interest,
the
following outstanding certifi¬
of
cates
cates
are
which
and
indebtedness
Oct.
dated
bonds
1, 1935, which certifi¬
payable Oct. 1, 1945, and
bonds
are
1,
payable Oct.
of each year:
*
Certificates of Indebtedness—
*
.
Dated 1935
-
138, 148,
$105.00 each.
Nos.
150—par
value
; a
?
179, 182, 185, 203, 231, 257,
267, 274, 303,
400, 405, , 414,
443, 461, 469,
497—par value
338, 370, 389, 397,
416, 419, - 429, 430,
471, 478, 482, 483,
$112.50 each.
> *
101.273*.
MASSACHUSETTS
Emil, W.
Certificates
And
;
,
Mich.
the call for redemption on
-
^
A';-:
District,
Redemption—Elizabeth Beas-
For
101.329C
•
Corporation
Bonds
School
.Nos.*
v/4'/e.
Co.,
at the Fern-
"A- a;,A-
Ferndale
'
or
branch of the Wabeek State
dale
.101.555
.1'^
National
Shawmut
from
$28,108,500 Bank, Boston. ■
to $26,169,500.
The general fund
increase, resulting from author¬ Hampden County (P. O. Spring¬
field), Mass.
ized expenditures of $18,021,715
Note Sale
The $200,000 tem¬
out of a total of $20,092,643 avail¬
able.
compared
with
a
$5 730. porary loan notes offered for sale
on
Sept. 9—v. 156, p. 825—were
deficit
for - the' preceding
fiscal
was
has
authorizing
oayment of current taxes.
of
.
&
f.
in
reported
council
city
ordinance
an
banks and branches through¬
100
out
101.58
l\W'
Company
of Mary¬
land, and First of Michigan
Harris
100.04
.
net
•'
■
The
—
passed
1962, but all of which are subject
to redemption at par and accrued
interest on April 1 and October 1
,
stated by Horace P.
1942.
and
Current Taxes Payable at Local
Banks
Boyce,
tion'
Trust
<
on
Sept.
Maine's
$15,000 coupon water main bonds
gain, of Dated
Sept 1, 1942.
Due $3,000
$2,070,928 in the State's general from Sept." I, 1943 to 1947 incl.
fund for the
fiscal year ended Bidder to
name
rate of interest
*$1,939,000
debt
bonded
Mossman.
retary
Dated Sept. 30,
&
Spencer .Trr.sk & Co.. Coffin
&
Burr,
Inc.
r.nd
C.
T.
-Williams. & Co.; Inc.......
Union Securities Corporati-n.
Harriman Ripley & Co., Inc.
••and First Boston Corpora-.
,
100.11
Baltimore,
Brci.
.
First
Chicago
1%
Company of
Baltimore
in General Fund—A reduc¬
of
tion
State Finance Commissioner J. A.
cipation warrants.
Int. Rate Rate B'd
Newburger
Co.,
Stein
j
Mose-
,1% y";
Trust
An election is, Smithy Br.mey
Redemption Notice—It is
5% interest welfare fund tax anti¬
p. 825, we
of. the other
'OAiainvxe/ Kidder, reabody
■A:
CO.,
'
IK,
Baie.,
j'
New Orleans, La. * •'
Bond
S.
of
the issue:
for
Co., P.
Sons
156,
"
&
Co.
&
and
&
Merle-Smith.......;,
Mercantile
Prairie-Gregg; Sub-Drainage
Dist.
,No. 2 (P. O, Abbeville), La. '
j
—
v.
some
&;Hano.
.
payable only on the portion of
said fully registered bond not so
redemption.
&
Estabrcok
redemption interest shall be
called for
in
'
Bidder-^
Dick
after the date fixed Tot
and
Brown
herewith
give
r
On
Alex.
or' bids submitted
on
the; date fixed for the re4
demption for the payment of the
!
to
reported
as
National Bank
Orleans,
The
Bond Election
Legality approved by Chapman &
indebted¬
and .the holder of .said fully.
bond
.
Fund Commission.
Bids—In connection with
ness
crease
Indianap¬
4
:
part of fully registered bond No. 6
tered
$423,000
'Maryland (State of)
after
A
2,
of
Bank.
to accrue on
cease
.
O.
resulted in the pur¬
obligations ;to
yield 2.587%. Purchase was made
for account of the City Sinking
Sept.
on
chase
.
a\*'•■•*/•.[
will
Interest
Oct.
$9,-*
and after such redemption
on
the
as
815,152, of which $1,596,661 was irf
the general fund and $5,255,611 in
the highway fund. :
'
1
matur-j
bonds and of the coupons
stated.
was
The State's cash balance at the
:
Co.
Trust
Manufacturers
of
fice
an
500,000, it
paying agent, New "York, upor
presentation and surrender of said
after
j
that
states
bonds
Said
Bonds Sold—A $37,000 issue of said to be scheduled for
Gavit, Business Man¬
Sept. 29
ager of the Board of Education, refunding bonds is said to have on
the
proposed
issuance
of
states that because of the inability been
purchased
recently
by gravity' drainage works construct
to secure a priority for the re¬ Stranahan, Harris & Co., Inc., of
tion bonds aggregating $80,000.; >
j
quired materials, the construction Toledo, at a price of 104.326, Dated
of the proposed vocational school April 1, 1942.,
MAINE
i
Due on May 1, as
building has been postponed for follows: $1,000 in 1944 to 1964, and
Maine (State of)
1
the duration. Project called for a $2,000 in 1965 to 1972. The bonds
•A- Reports Debt.Reduction and In,bear interest at the rate of
$600,000 bond issue.
1%
(P.
was
in-the general fund and of the re*
mainder •
$4,940,184
represented
5213 5265 5347 5401 5466 5495 5577,
in
giving
olis ),
funds
Charles G.
—
Oakman, City Controller, reports
that tenders of non-callable bonds
principal
$44,427,661.
With total expenditures of $38,294,509 authorized.
V
*
5185 5246 5284 5390 5433 5486 5518;
that
states
$60,000 airport certificates have
been purchased by the City Sink7
ing Funds, as lVzs. - Dated June
Project Deferred—
County
increase
an
The total available for expendi¬
j
ture
E.
Marion
to
in old age assistance payments,
5184 5244 5280 5370 5429 5479 5514:
j
City, Iowa
Sold—City
Certificates
urer
:
•
Sac City, Iowa
Sold—City Clerk
:
Bonds
Roosa
mature
INDIANA
Bond
of
thorization
exceeding one mill for bonds and
interest. They are general obliga¬
Kan.
bond
attorneys to issue a legal opinion
on the $12,000 USO building bond
issue approved by the voters on
i
1.
Bond Sale Details—The
has asked Chicago municipal
5183 5233-5279 5368 5426 5476
the issuance of the bonds and au-;
Urbana, III.
Seeks
Approximately 90% of
voters who voted/ voted for
Sept.
Sedgwick County (P. O. Wichita),
'
5179 5217 5270 5349 5413 5467 5496,
5181 5226 5274 5350 5421 5473 5500;
approving opinion of Chapman &
5193 5249 5303 5394 5436 5488 5519
Cutler, of Chicago, will be fur¬
5200 5253 5309 5395 5441 5491 5541;
nished. "These are bonds author-!
•] A net gain from all operations
5204 5255 5333 5397 5443 5492 5563
of $6,133,152 included the net gair.
ized at the special election held
purchase
revenue
follows:1
as
$1,000 in 1944 and $2,000 in 1945
1954, optional Nov. 1,-1947. The
to
United Gas and Electric Co.
1
to
fiacquisition of the
local
system from the Western
$130,000
Nov.
on
Sept.: 15,
Dated
$1,000.
Due
1942.
voters
Issue—
City Council recently voted to is-
; sue
Denom.
system
Murphysboro, III.
Water Bond
Approves
Detroit, Mich.
Bonds Purchased
crued, interest" theheon, on
amount
;
.City Waterworks. The new bonds
; have
been signed and delivered,
the old ones paid off, and the net
results are definitely good. The
Dated
name
taxes,
Orleans, La.
Redemption Notice—It is
sioner of Finance,
in
ported from inheritance and estate
the American
Bank & Trust Co., Hibernia Na-'
tional
Bank, Nationals Bank of
Commerce,
Whitney s
National
Bank, all of New Orleans, or at
the Chase
National Bank, New
York, said banks being designated
by the Board of Liquidation, City
Debt, for the payment of said
Debt,
City
tion,
New
Iowa
Cherokee,
Increases
bends.
'
>
-
Bond
Bonds
year,
-
IOWA
Co.,
5
..
County Commis¬
with
'
par
plu£^ accrued interest, at the Cen¬
.New
of the
A certified check for 3%
total of
a
the office of the Board of Liquida¬
County
must be
"Way, City Auditor and Clerk, that
>sjl general refunding bonds, issue
Bonds
on
Treasurer's office.
Bids
made upon, the form pro¬
by the Auditor and ap¬
proved by the Board of Commis¬
and
affidavit of noncollusion
as
provided by law.
The
opinion as to the validity of the
Winter Haven, Fla.
'•
:
.
ceases
Coupon due Jan. 1,. 1943, and all
subsequent coupons shall: be at¬
be
bid' rate
the
nied
7^.7—was erroneous.
/ said ; date.
Due1 $5,$39,440,426, as compared $20,000 .hospital bonds.
000" from Sept; 1, 1943 to, 1946
$35,000,784 the preceding t
inch:.
Operating expenditures for
; / A"■
tached to said bonds.\
\ A;-y the
year* totaled
45,000 street construction, bonds.
$31,036,724,* as
Due $5;000 from Sept. 1; 1943
These bonds shall be ^redeemed against $30,941,840
the previous
-to 1951 inch
and paid on and after Sept/15,* at year. •- •• •
>',
- * .
; '
:•
Interest
computed on the basis of
accepted.
Principal
interest payable at the
will
Monday, September 14,1942
Nos. 607,
609, 612, 614, 774, 783,
831, 839, 842, 848, 853, 855, 858/
866, 868, 870,, 878, 896, ; 922, 928,
929, 932, 944, 945, 948, 961, 967, 974,
978, 1005,; 1006,- 1009, 1013, 1021,
1022—par value $120.00 each.
: ;
Nos.
1135, 1138, 1141, 1145, 1147,
1166,
1171, 1172, 1198, 1199, 1203,
1148, 1149, 1153, 1155, 1156,
1169,
1226, 1233, 1235,
1270, 1275/ 1282,
1295, 1300, 1302,
1319, 1320, 1326,
1346, 1351, 1353,
1388, 1391, 1398, 1399,
1404, 1420, 1433, 1434, 1443.
1448, 1449—par value $145.00
1207,
1261,
1285,
1309,
1342,
1371,
1208,
1267,
1286,
1316,
1344,
1257,
1284,
1306,
1329,
1358,
1401,
1444,
each.
1476, 1502,! 1506, 1511, 1519,
1523, 1524, 1526, 1527, 1529,
1533, 1535, 1556, 1559, 1560, 1563,
1571,1572, 1574, 1585, 1588, 1605,
1606, 1610, 1615, 1619, 1621, 1635,
awarded to the Union Trust Co.
1644, 1646, 1648, 1650, 1658, 1660,
of Springfield, at 0.369% discount.
1662, 1665, 1678, 1681, 1682, 1683
Dated Sept.-10, 1942. Due on Nov.
—par value $150.00 each.
9, 1942.
•,
Nos. 1741, 1743, 1765, 1766—par
Quincy, Mass.
value $70.00 each.
Nos.
1522,
—
year.
An increase in the sinking fund
from $1,325,766 to $2,926,was revealed in the anA
nual statement of the State's fii-
reserve,
680, also
nancial
condition,
Controller
A.
"presented
in
L.
the
which
Kane
most
State
Bond Offering—Sealed bids will
Nos.
1771,
1772 — par value
11 a.m. (EWT),
A
15, by;. City: Treasurer $140.00. each.,.... !My..
Nos. 1776, 1779—par value $1,Ay: "* Harold P. Newell; for the purchase
000 each.
■
reached of the following bonds:
sakh
was i
be
received until
readable- onSept.
.
,
•
form
ever
used."
Revenues for the year
.Volume 156
Number 4107
THE COMMERCIAL &
1935 Refunding Bonds-—Series "A".
i
68_-_« 3,000
69
2,000
69—
Nos. 39, 44, 54, 66, 77, 79, 80, 97,'
98, 100, 104, 112, 113, 117, 123, 126,'
141.
1935 Refunding Bonds—Series "B"
Nos.
56, 57, 60, 77, 89, 91, 92,
184, 190, 200, 204, 212,:
335, 342, 345, 346, 348,
393, 396, 397, 401, 403, 407,
107,
218,
.369,
2% %
166,
222,
V1946
2%%
1,000
70— 2,000
71— 2,000
71— 2,000
72 A
3,000
72B
2,000
:
'
2y4%
1946
..
;
.
1946
21/2%
1947
21/2%
mated
Hollandale, Miss.
907
not
include
$2,750,000
<
of
esti¬
an
city
NEW YORK
special
Buffalo, N. Y.
Bond Offering—We are advised
by Frank M. Davis, City Comp¬
—
,
been
1947
2i/4%
.
do
bonds which will be*
Bond Legality Approved
A
come
general
obligations
$10,000 issue of 3% general street
upon
improvement bonds is said to have maturity, Pierpoint said.
1946
—
;
Totals
assessment
1946
21/4%
MISSISSIPPI
;
=
1947
21/4%
-
•-
FINANCIAL CHRONICLE
approved
Charles.... &
to
as
legality by
Trauernicht
troller, that he will offer for sale
Sept. 18 a $3,000,000 issue of
refunding bonds. Circular giving
NEW JERSEY
St.
of
on
Louis.
Dated Aug. 1, 1942.
Fairlawn, N. J.
full
details
will
be
promptly
fully describe
Proposed Note Financing—The mailed on
■' , the bonds tendered/ stipulating
request. Interest fate is
MISSOURI
Borough Council recently passed not to exceed
1935 Refunding Bonds—Series "C"; the
lowest
6%, payable A-O.
price at 7 which • the
on first
/ Carterville Sch. Dist. (P. O.
reading an ordinance pro¬ One rate is to
!
Nos. 439, 787, 809, 877.
apply on all of the
/ ;</'"/ owners of such bonds will sell the
viding for, an issue of $10,000
.//
/ Carter ville), Mo.
issue, expressed in multiples of
«/
The said certificates and bonds same to the sinking fund, No ten¬
water
system bond anticipation
/Bonds Voted — At an election
y4 or l/10th of 1%.
should be delivered to the Detroit ders at prices above
No higher
416.
All
tenders shall
,
,v.
.
,
,
and inter¬
est will be considered. /
'/••>*
par
Trust
Company, Detroit, for
ment
Oct.
on
time
all
shall
pay¬
1, 1942, after which
interest
on
said
Royal
bonds
Macomb
County (P. O.
Clemens), Mich.
struction
trict No. 8, Mich.
No
,
Township School Dis¬ margin the issuance
Oak
cease.
Mount
E
r
Tenders
i
c
Received—John
k
Superintendent / of
s o
n,
Schools, reports
Tenders Wanted—The Board of
received
were
that
funding
dated April 1, 1936.
with
ance
accord¬
bonds,
of
$7,500
bonds,- which
offered for sale
con-:
to
are
be'
shortly.
i;.
Springfield, Mo.
/ Bonds Sold—A
$350,000 issue of
airport
acquisition
bonds
was
Aug. 29 of re¬
series.A and B,
receive
in
E;
tenders
no
on
County Road Commissioners will
sealed tenders
held on Sept.
1 the voters are:
stated to have approved
by a wide
awarded on Sept. 8 to the Harris
Trust '&. Savings Bank of
Chicago,
.
refunding plan
Wayne County (P. O, Detroit),*. as l!40s, at a price of 100.349, a
heretofore adopted by the board
basis of about 1.35%. Due
'.I ■
'lI; Mich. ■'
$35,000
:until Sept. 17, at 2 p.m. for the
in 1948 to 1957 incl. John Nuveen
Bond
Offering — George A.
proper redemption of the follow¬
& Co. of Chicago was second best
ing
county
highway refunding Dingman, County Drain Commis¬
sioner, will receive sealed bids bidder, offering 101.147 for 1 y2 %
bonds, dated May 1, 1934:
•
Six other bids were sub¬
until 11.30 a.m. (EWT) on Sept. 14 bonds.
Dist. No.
Portion
Amount
for the purchase of $27,800 coupon mitted.
109
/Bonds Offered For Investment
V District
$4,000
Dearborn
Township
drainage
•.
113
—The successful bidders reoffered
District ,/./
1,000
bonds. Dated Oct. 1, 1942. Denoms.
114
District
7,000 v $500 and $100. Due May 1; as fol¬ the said bonds for public subscrip¬
tion at prices to yield from 1.00
Tenders should be
plainly lows: $2,000 in 1944 to 1946, $2,to 1.35%, according to
marked on the outside with the 500 in 1947 and
maturity.
1948, $3,000 in
/ These bonds were awarded sub¬
number of the road assessment 1949 and
1950, $3,500 in 1951 and
ject to an election scheduled for
district and class of bonds offered. 1952 and $3,800 in 1953. Bidder to
the
Michigan (State of)
C
Treasurer
To
and
Continue
The
623
Theodore. I. Fry, State
Treasurer, a free hand to liqui¬
date bonds remaining in the sol¬
diers' bonus sinking fund "in the
interests
of
the
State"
last
could
of
the
latter
not
the
then
bonus
Mr.
Fry
recently
reported
$1,649,289.69
which
1%
bore
and asked for
of
that
month
a
mental
in
Bond
Proposals to be
upon
the successful
portion
to
authorized
was
much
money
as
draw
to
necessary
as
from
the State's general fund to retire
the bonds.
He said it might be
this
draw
to
necessary
source
to
$500,000 from
complete the trans¬
action.
v
;
Mr. Fry said the
highway sink¬
ing fund had been built to an ex¬
tent thath it might be necessary
to
appropriate
only
$1,500,000
from highway department reve¬
bond
for
nues
of the usual
Monroe
.
purposes
$4,000,000
County
(P.
O.
instead
year.
a
Monroe),
Mich.
Tenders Wanteds—In pursuance
to Section
8, of Act No. 13, Public
Acts of Michigan, 1932, First Extra
properties
consti¬
tuting the Southern Nebraska Di¬
vision of the above named district,
approving
as to the legality, of the
issue, without charge.
Enclose a
$200,000 revenue bonds, dated Oct.
1, 1940, maturing on Oct. 1 in 1943
certified
on
tion
and
the necessary
opinion
check
for
2%
of
-
to
the
1965.
Bonds
date
Bank
cago,
at
or
Lincoln,
MINNESOTA
holder.
Elbow Lake,
.
Bonds Voted—At
at
;
at
American
the
& Trust
the
the
Interest
Co., Chi¬
First, Trust Co.,
option
ceases
of
on
the
date
Details
*—
The
were sold as
Latham
Sewer
District
received
until
1
(EWT),
p.m.
not
■According to
press
Borough Council
passed
exceed
4%, payable F-A.
1, 1942. Due on Feb.
1; $1,500 in 1943 to 1964, and $2-
000 in 1965 to 1970.
reports
Prin. and int.
payable at the State Bank of Al¬
Effective
bany, in New York exchange.
the
September 1
reading an ordi¬
final
on
to
Dated Aug.
a
on
East
Bond
Aurora, N. Y.
Sale—The $22,500 coupon
nance
making effective a bond, or registered bonds offered
Sept.
refunding plan affecting maturi¬ 4—v.
156, p. 739—-were awarded to
ties after 1943.
low
the
The plan will al¬
borough
to
extend
an
the Erie County Trust Co. of East
Aurora,
1.20s, at
as
of
future
when
years
of
the
maturities
lighter.
present
is
Due
Dec.
public hearing. He said al¬
though- the new plan will allow
the borough to retire bonds at
successive
low them to
council to
al¬
payers' shoulders, he said.
Councilman Connolly, Finance
Chairman, told Apgar the borough
will be
Debenture
for
1, 1942.
Sale
will purchase
to
1950
$500,
incl.
One
others
$1,000
dated June
are
Other bids:
Bidder—
Marine
H.
int. Rate
Twist
Steevens,
IE.
Co.
Dann
Rollins
Trust
of
&
&
Buffalo
Co.,
SotlB,
Manufacturers
6t
V....,
R.
Board
100.14
1.40%
1.60%
100.05
100.26
1.60%
Water District
100.21
(P. O.
Hicksville), N. Y.
Issuance Deferred—Fred¬
Bond
erick
Rate Bid
l.lfl",
Inc.
Inc...
Traders
Co.
Hicksville
of
Davidson, Clerk of the
Water
Commissioners,
water
Balance
State had
a
2%s.
is
Horseheads
—
balance
of
of June 30, the close of
its fiscal year, as compared with
year
earlier,
a
5
■
School
District
No.
Certificates Reoffered
—
Sealed
21/2%
1947
61—
1945
2,000
2i/4%
2%
1944
2,000
2
1946
2,000
4,000
2%
1944
65-11
2Va%
1946
Village Clerk
Joseph Justad states that $6,000
street improvement warrants have
been purchased by the First Na¬
67
4,000
2y2%
1947
tional
1,000
2%%
1948
iy2s, at
Bond
For
Sale
Duration—
C.
finan¬
cial statement obtained from Rex
tion bonds
tion
last
authorized at
an
elec¬
February 6 will not be
French,
State
sold for the duration.
tirement
St. Louis Park, Minn.
Warrants
Sold
Bank
a
of
—
Minneapolis,
price of 100.112.
:
as
out
of
taxes
on
each
thousand dollars of property val¬
uation.
The
New
Treasurer, showed
recently.
Windsor, N. Y.
Offering
The State
$32,230,374
Of
Water
District
had total
in
receipts of Bonds—Sealed bids addressed to
fiscal year, a Alfred Denniston, Town Super¬
the
figure
11.4%
above receipts of visor,
c/o
Mrs. Catherine Nee,
$28,923,631 in the 1941 fiscal year. Newburgh, M. D., New York, will
Total
disbursements amounted
$32,868,697,
9.5%
or
more
to
than
disbursements of $30,018,532 in the
1941 fiscal year.
Disbursements
exceeded
ceipts in the fiscal
323.
In
the
bursements
1941
exceeded
$1,094,901.
Among the
gasoline taxes
V re¬
by $638,fiscal year dis¬
year
receipts by
of
Sept. 17 for the purchase of $55,000 not to exceed 6% interest
pon
or
revenue,
to $5,590,808 in
registered
a
Rate
must
bonds.
the
cepted for
clined to
bonds.
r
Income taxes advanced to
467
from
from
a
$576,921,
and
$831,-
2% sales tax amounted to
on
June 30 had
a
net
be
interest
to
be
bid
will
be
ac¬
separate maturities
the
offices'
in
l/10th of 1%,
same for all
of
or
the
No
less than
par
or
value of the
Prin.. and int.
(M-S)
pay¬
able in lawful money at the High-
land-Quassaick National Bank
receipts Trust Co.,
$4,716,893 and compared with $3,910,192.
The State
at
of
multiple of y4
and
the' fiscal year from $5,434,937 in
039.
cou¬
Windsor
Dated Sept. 1, 1942.
Denom.
$1,000.
Due Sept. 1; as follows:
$2,000 in 1943 to 1969 and $1,000 in
the 1941 fiscal year. Receipts from
motor
vehicle
registrations de¬
$1,894,421 from $1,992,,
/
New
Water District bonds.
1970.
:
items
rose
be received until 2 p.m. (EWT) on
&
Newburgh.
Issued to
provide funds to pay the cost of
the construction and establishment
of
water system
in the district.
under
the
Town Law, and the proposed is¬
a
The
town
operates
present debt includes $5,- indebtedness, represented by gen¬
406,320 for the city, $7,949,750 for eral obligation bonds, of $1,837,- sue is authorized by said law. The
$1,750,000 for the 302. In addition there were $22,- bonds will be valid and legally
county, all in bonds, and $222,000 225,000
of
highway debentures binding obligations of the town,
for the county in notes.
outstanding.
payable in the first instance from
Omaha schools,
and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25
Spruce Street, New York, BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher:
Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and
advertising issue) with a statistical issue on Monday]. Other
Chicago—In charge of Fred H. Gray, Western Representative, Field Building (Telephone State 0613), London—Edwards &
Smith, 1 Drapers' Gardens, London. E.C. Copyright 1942 by William
B
Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of
March 3, 1879.
Subscriptions in United States and Possessions,
$26 00 per year; in Dominion.of Canada, $27.50 per year.
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental
Europe (except Spain), Asia, Australia
and Africa $31.00 per year.
NOTE; On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
Commercial
William
S
Durham, Chairman of the
The Board of
Education, has reported
$6,- that the $187,850 school construc¬
as
a
being held in
receipt of a
(P. O. Horseheads), N. Y.
No
A.
Reduced
cash
is
pending
project rating.
Pending—It
as
bonds
abeyance
$150,000 State High¬
debentures
$7,029,841
in
1
reported that the State Treasurer
391,518
Due
$2,000
each.
000
MEXICO
New Mexico (State of)
Cash
Denom.
reports that the plan to issue $50,-
NEW
way
1944
All of the bonds
V
un¬
better.
from
1
incl.
follows:
as
bond
'
obliged by the Local Gov¬
ernment Board to retire bonds
1,
from
•'
turity.
The result will be an in¬
creased interest charge on the tax¬
Dec.
on
1954
1942; $1,500 in 1943 and $1,000
to their full ma¬
run
to
$1,000.
10,500 public works bonds.
at the
each
$1,000
1943
/
An objection was voiced
by Le
Roy Apgar of 69 Hillside Avenue
for
con¬
$12,000 water improvement bonds.
much
Will, according to funds available,
he thought the
tendency would be
Sale
par.
.
-
-
156,
v.
3%'s, at
Verona, N. J.
Refunding Ordinance
—
■
64
be
price
of
100.17, a basis of about 3.47%.
City
cording to Joseph P. Brendal; Vil¬ refunding bonds sold at par to the
First
Trust Co.
of
lage Clerk.
Lincoln, as
;
/\/w//j
noted here on Aug.
17, are dated
Hinckley, Minn. •
June 1, 1942, and mature on June
Interest Rate
Village Clerk 1, as follows: $2,000 in 1945 to
Geo. F» Goltz states that the $40,1956, and $10,000 in 1957; optional
000 refunding of 1942 bonds sold on June
1, 1947.
Prin. and int.
on
Aug. 17 to the First National (J-D)
payable
at
the
County
Bank & Trust Co. of Minneapolis Treasurer's office in
Wilber.
—v.
156, p. 650—were purchased
Ho wells, Neb.
as 2s.
Due from Sept. 1, 1943 to
Bonds Sold—It is reported that
1962 incl.
%■//■ ,/;■/.v. //■
$15,000 Paving Dist. No. 2 bonds
were
Hopkins, Minn. .•/
purchased recently by the
Certificates Not Sold—The $1,- First Trust Co, of Lincoln, as 2s,
543.35 certificates of indebtedness at a price of 102.33, a basis of
offered Sept. 1-^-v. 156, p. 738— about 1.58%.
Due $1,500 in 1943
were not sold as the
only bid re¬ to 1952 incl.
ceived was rejected.
Omaha, Neb.
60— 3,000
67
826,
,
y4%
Township (P. O.
chelle Park, as reported in
p.
Clerk states that the $34,000 -2 */2%
as
3,000
Colonic,
on Sept.
16, by Town Clerk John
Details—The $11,500 W.
Howarth, for the purchase of
water bonds awarded
Aug. 28 to $45,000 coupon or registered
sewer,
the Rochelle Park Bank
of Ro- Series A
bonds.
Interest rate is
85%
Sale
.
Sale
or
Bond
Oct.
Oct. 1 in 1948 to 1952
on
Saddle River), N. J.
Bond
;//'/;/// Friend, Neb.
recent elec¬
than will
Denofn. $1,1, 1942.'
Due
(P. O. Newtonville), N. Y.
Bond Offering—Sealed bids will
der the old schedule if the collec¬
tions of current tax levies are
City Seen Debt-Free By 1956—
amended, Clerk Board bids will now be received
until
The
Omaha
"World-Herald" of
of County Road Commissioners F.
Sept. 15, by J. Russell Carroll, Vil¬
Sept. 2 carried the following re¬
E. Gillespie will receive sealed
lage Clerk, for the purchase of the
port:
tenders of the following highway above
certificates. Interest rate is
Gross bonded debt of local gov¬
refunding bonds, dated March 1, not to exceed
6%, payable M-S. ernment
agencies in Omaha
1939, on Sept. 18, at 11 a.m. (EWT) Due
$308.87 on Sept. 1 in 1943 to totaled
$15,328,070 as of Tuesday,
aggregating $67,000:
1947 incl.
President Walter Pierpoint of the
Asst.,,. Amount
Rate of Maturing
Certificate Offering—Bids will Association of Omaha
Taxpayers,
Dist.
Par Value Interest
May 1 be received until
Sept. 18, at 8 reported.
./
52
1945
2y4%
$5,000
p.m., by J. Russell Carroll, Vil¬
Under current debt retirement
54_„- 2,000
1943
l3/4%
lage Clerk, for the purchase of programs, and providing no addi¬
55
1945
2y4%
8,000
$16,480 water main improvement tional
bond
debt
is
incurred,
1944
56__ 4,000
2%
certificates of indebtedness.
De- Omahans will be free of bond debt
1945
57—- 3,000
2Va%
nom. $1,648.
Due $1,648 on Oct. 1 by
May,
1956,
his
summary
1944
in 1943 to 1952 incl.
2%
59— 4,000
Interest rate showed.
In 1943 there will be
1946
CO— 3,000
is not to exceed 6%, payable A-O.
21/4%
$9.50 paid on bond interest and re¬
Session,
Saddle River
required
incl.
$12,500
called.
Minn.
a
-
will be redeemed
called
National
of bonds bid for.
amount
change bonds in the two sinking tion the voters approved the issu¬
funds to wipe out the loan.
ance
of
$10,000
improvement
/ At the time the loan was made, bonds by a count of 73 to 4, ac¬
he
the
litho¬
to
ex¬
of
execu¬
loan
:
Redemption Notice—It"Ts
that
Charles
B.
Fricke,
tors, is calling for payment on Oct,
ly at par plus 3% premium, from
the proceeds of a cash sale of a
thereto.
bidder
furnishing
the
graphed bonds ready for
interest
free hand
a
issued
^
stated
the board that he has refunded all
but
are
(P. O. Columbus), Neb.
Treas¬
Amendatory thereof and supple¬
the full amount when due.
cover
County
$600,000
improvement bonds.
schedule
President of the Board of Direc¬
conditioned
sinking fund
liquidated to
be
the
Consumers Public Power Dist.
registered at
bonds
—
be
sale at par.
a
Dated
$17,000 of bonds ma¬ sisted of:
turing from 1943 through 1948 to '
NEBRASKA
1923 of the State and all the Acts
in
bonds
of
These
be
000.
Proposed Bond Issue
The
Town Commission
recently passed
on first
reading an ordinance pro¬
viding for an v issue of
street
shall
insure
Montclair, N, J.
average
full compliance with provisions of
highway bonds,
K Y :
On Oct. 7, the board authorized
the borrowing of $2,500,000 from
the highway sinking fund to re¬
the
1,.^//:///-
Act No. 316 of the Public Acts of
State
tire
Oct.
Principal
(M & N
may
office
urer.
preparation for the retirement of
because
bonds
the
gave
best
interest
rate.
1) payable
at the County- Treasurer's office.
Bond
Liquidation — The State Adminis¬
trative Board of Michigan on Sept.
2.
interest
rate
.
the
name
:
notes.
THE COMMERCIAL & FINANCIAL CHRONICLE
<$08
will give* New York cities, boun¬
levy upon the property in the unless they obtained some * war
work and that if they1 .did • close ties and school districts • the right
district, but if not so paid, payable
to
buy equipment and supplies
ultimately from ad valorem taxes down the large firms would feel
the.. State
division • of
which may be levied on all the the effect in taxes for local relief. through
standards and purchase—at ad¬
taxable real property within the
New York City Tunnel Authority
vantageous prices because of the
town for the payment of the bonds
Bonds Sold To RFC—An addi¬
quantity purchasing.
;
j
and the interest thereon, without
tional $1,0.00,000 of the $57,000,000
Periodic bulletins will inform;
limitation as to rate or amount.
3 Vz % semi-ann. Battery-Brooklyn
officials on what equipment and,
Th^siopinion of Hawkins, Dela- Tunnel Construction bonds are
fieldn& Longfellow, of New York/ said to have been taken by the supplies can be purchased under;
contracts, from whom and at what'
to this: effect will be furnished
RFC on Sept. 10, making a total
price."
They will also tell what
to the. successful bidder.
In the of
$9,000,000 taken up at present. equipment and supplies the State,
et^ent that prior to* the delivery
a
-
.
income received
of the bonds the
the ivarious funds
Investments in
State of New
of the
terms of any-
taxable by the
the
Federal income tax law, the suc¬
close
election,;
be;relieved of his obligations un-j
der the contract to purchase the
bonds and in such case the deposit1
accompanying his bid. will be re**
turned.
Enclose a certified check
for $1,100, payable to the town.
amounted to
cessful bidder may, at his
of)
•;
Investments—
Fund
Sinking
by .private holders from bonds of
;the*$ame type and character shall
be
New York (State
i
of
...
York at the
fiscal
year
value of $323,-
par
'Order
its
municipality
needed
.for
State is buying.
Besides
past
a
that any
so
near.future;',
bids*on in the
seeks
.
gaining
a,
•
-
may;
add;
items ?.the;
v -. y-u:
;i
price advan-*
Monday'«September 14,1942
591,687 in the
the
period of last
same-
year, a decline of 31.62%% Reve¬
nues decreased to $3,272,013 from
hold
-
,
more
serious. •.?■>>% w
delivery of the bonds the income
tage, the municipalities will be;
purchasing under scientific spe~,
received by private holders from
bonds of the same type and char¬
with
Bond Offering—Sealed bids will
previ¬ cifications, and articles purchased be received until noon (EWT), on acter shall be taxable by the terms
will
be subjected to rigid
of any Federal income tax law,
tests
ously:
This was disclosed by the
Sept. 17, by Thomas J. Nelson,
thes uccessful bidden-may, at his
State
'Comptroller,,^ Joseph -V. in. the State's testing laboratories. ; City Comptroller,,for the purchase!
More than a dozen States,, in.election, be relieved of his obliga¬
O'Leary, in, the Schedule of In¬
of the following coupon bonds ag-!
195,017.07,"*
compared
as
$310,259,134.72
year •:
one
vestments ^comprising
,
the
x
,
.
,
,
York
chase
Island
j
and
United
bonds at
(P.
Onondaga"' County
an aver¬
authorities
State
States Treasury
■■■■
A
cuse), N. Y.
" \
:
Bond
O,
+
Syray.
power
than
1947 incl. :,
r
•
i, j:
-
100,000.00 home relief bonds.
>
the
to
contract
pur¬
chase the bonds and, in
such case,
the deposit accompanying his bid'
be returned,
will
r
•;!: Red Springs, N.
Bond
Sale
refunding
p;>
Kirchofer
,;)+.
awarded
826—were
$10,000 from Sept; 1, 1943 to
\
The
aggregating :$73.000,J of¬
v; bonds
Due fered for' sale on Sept. 8—^v. 156,
1952 inch
/
Offering-—Nicholas Pirro,
Arnold
&
jointly! to
of
Raleigh,
3.25%. l >
v
V; > County Treasurer, will receive
the
Scottish Bank
of
Red
157.835.24 delinquent tax 'bonds. and
O'Leary's • report sealed bids until 2 p.m. "(EWT) on
Due on Sept. 1; $29,835.24 in Springs, paying a price of 100.004,
indicates that the entire portfolio
1943
and $32,000 in' 1944 to a net interest cost of about 2.90%,
Sept. 17 for the purchase of $444,7
of the State, including previously
on the bonds as follows:
000
not to
exceed 5%
interest
1947 incl.
purchased securities,
shows an coupon or registered refunding
45,094.82 delinquent county tax $26,000 street improvement bonds,
average yield of about 3.60%.
bonds of 1942.
Interest M-S.
bonds.
Due on Sept.* 1; $9,divided; $20,000 as 3s, due on
While no
expert appraisal of
Dated Sept.
094.82 in 1943. and $9,000 in !;.V' Nov. 1, $1,000 in 1943 to 1948
1, 1942.
Denom.
the market value of the State's in¬
$1,000.
Due Sept. ,1, as follows:
and $2,000 in 1949 to 1955; the
;
1944 to 1947 incl. %
,
vestments
has
been
made this
$15,000 in 1943 to 1952; $30,000 in
Interest rate is not to exceed
remaining $6,000 as 2%s, due
year,- general market conditions, 1953 to 1961 and $24,000 in 1962.
$2,000 on Nov. 1 in 1956 to
4%, payable M-S.
Rate to be in
Mr. O'Leary declared, would in¬
Rate of interest to be in multiples
1958.
a
multiple of 14 or 1/ 10th of 1%,
dicate that the State's investments of
!4 or 1/10th of 1%, and must and must be the same for all of the
47,000 water, sewer and light
age yield of
| %;'■ Comptroller
plant at a cost of not
$16,500,000.—v. 156, p.
826.
"The enactment of this local
law would be the first step to al¬
trie
more
City'bonds, issues of various
tions, under
,
'/W-'V,
000,000!'consisting largely of New
Council:to
public hearing on the pro¬
bill authorizing the pur¬
by the city of the Staten
Edison Corporation's elec-
a
posed
the
to
cost
,
.,-
Committee of the City
interest
$4,596,810 in the 1941 period, a
drop of 28.82%, it was reported.
The percentage fall in toll traffic of the bonds until their respec¬
in August was reported at 48.91,; tive maturities.
:
fagainst the like month of last year,, % Bids must be accompanied by a
whereas- in the July- comparison
certified
check
upon
an
incor¬
the drop was 43.10% from July,; porated bank or trust company,
1941.
In January the authority payable unconditionally to the or¬
experienced ,a
decline ' only of der of the State Treasurer for
1.86% on an annual' comparison, $10,500.
The approving, opinion
but ,the drop became pronounced of Reed, Hoyt, Washburn & Clay.,
in April, when a fall of 19% * was- New York City, will be furnished
noted. 1 To the end of August the the 'purchaser.:;V.:'v;-vTV.V
decline
has-? become
In the event that prior to the
irregularly
New.Hamp-;
Part II of cluding Michigan,
gregating $392,930.06;.
,;
'
and;
Comptroller's" annual' report shire,; Alabama, Wisconsin
public
improvement
Pennsylvania,
have, cooperating $80,00,0.00
just issued. **
bonds.; Due $8,000 from Sept.
Asks Pubiic Hearing On Utility,
Purchases of securities on be¬ purchasing systems in which cit¬
,1, 1943 to 1952 incl.
Purchase Plan
The Commerce half of the various funds!during ies may ; join and obtain > more
10,000.00 work relief bonds, ;.Due;
favorable prices "for governmental
and Industry Association of New
the past year totalled nearly $33,^
; $2,000
from - Sept.;; 1, 1943 U.oi
York on Sept. 2 asked the Finance
supplies.v'v..;-.: <
York, Nl Y
New
Idwest
city, such cost to be determined
by deducting the total amount of
the premium bid from the aggre¬
gate amount of interest upon all
•
'
city to embark upon the
low the
ownership and operation of an
light and power plant for (
electric
service
wrote.
consumers,"
to
Miley, Secretary
Thomas Jefferson
Association, in. a letter, to
Councilmen t Joseph
E. Kinsley,
of
the
now show a book or market value
Chairman, and Joseph T. Sharkey,1 in excess of $30,000,000 over and
yice-Chairman
of the j Finance above the
par value.
Committee.
"This
Association, therefore, re¬
spectfully requests that before act¬
ing upon this bill the City Coun¬
cil, through its Finance! Commit¬
tee, set the matter down for a
public hearing, at which all of the
'
-
.
By far the largest single fund is
that of the New York State Em¬
be
the
same
and
Prin.
for
all of the bonds.
payable in lawful
at the First Trust & De¬
money
int.
Co., of Syracuse, or at the
National Bank, New York.
Issued for the purpose of provid¬
bonds.
the
Prin.
and
int.
bonds, divided; $32,000 as 3s,
on Nov. 1 in 1943 to 1955,
payable at
Treasurer's office,
New York exchange.
City
due
with
the
posit
remaining $15,000 as 2%s,
due on Nov. 1 in 1956 to 1958.
j >
Chase
NORTH CAROLINA
Richmond County (P. O.' Rocking*
North Carolina (State of)
ham), N. C.
ing funds to refund valid, out¬
Local Bond Issues Approved—
Bond Sale —The $22,000 school
the fiscal year totaled $167,650,standing bonds of the County. The
The Local Government Commis¬ building bonds offered for sale on
914,25, as compared to $151,510,- period of probable usefulness of
sion o nSept. 1 approved the issu¬ Sept. 8 — v. 156, p. 826 — were
967.44 a year ago.' '
the object or purpose is 20 years.
ance of the following bonds: $44,awarded to R. S. Dickson & Co. of
Other large funds in Comptrol¬ The
County operates under, the
ler
O'Leary's custody
are
the County Law, and the proposed is¬ 000 Davidson County refunding; Charlotte, as ll^s, paying a price
highway debt sih'king funds to¬ sue is authorized by Section 8 $31,000 Stokes County refunding, of 100.122, a basis of about 1.48%,
and $6,000 Pine Bluff water bonds. Dated
Sept. 1, 1942.
Due $2,000
taling nearly $50,000,000 and the of the General Municipal Law. In
from Sept. 1, 1943 to 1953 incl.
canal-: debt
V
sinking funds
with the event that prior to the deliv¬
Raleigh, N. C. \ :
•j
j •;%
i
;
•
•" ;•
Bond Offering—Sealed bids will
assets in excess of $89,000,000.
• "*
ery of the bonds the income re¬
NORTH DAKOTA
J
:
Mr.
O'Leary
stated .that the ceived by private holders from be received until 11 a.m. (EWT)',
State's
record
of no
losses
of bonds of the same type and char* on Sept. 15, by W. E. Easterling,
Crystal, N. Dak.
" Aeither principal nof interest in its acter•shall be taxable by the terms Secretary of the Local Govern¬
Bond Offering—Bids will be re¬
investments was still unbroken. ; of
ment Commission, at his office in
.any
ceived until Sept. 25, at 2 p.m., by
Federal^ income tgx law,
One'interesting feature of "the the successful b'idder may, at his Raleigh, for the purchase of the John T.
O'Connor, City Auditor,
schedule of investments is that on election, be relieved of his obliga¬ following bonds aggregating for the
purchase of $2,500 not to
July T of ' this year the State tions under the contract to pur¬ $525,000:-'exceed 4% semi-ann. community
•;
owned $4,600,000 in United States chase the bonds and in such case
$100,000
refunding
bonds. Due hall bonds. Due on Oct. 1 in 1945
Government
bonds
as
against the deposit accompanying his bid
$50,000 on Sept. 1 in 1961 and to 1951. A certified check for 2%
$800,000 one year ago. Before that will be returned. The bonds will
of the bid is required,
11962. 1
;
time
the
State
had
no
United be valid and legally binding obli¬
350,000 water refunding bonds.
States Government bonds in its gations
OHIO
of the county, and the
Due on Sept.
1 as follows:
ployees'
in
System,
Retirement
end of
at the
investments
which
.
details
of the.
propose^, financing
operation of the pervice be
disclosed to the business interests
and
and taxpayers of the city," Mr.
Miley continued, adding that a full
complete opportunity should
and
the public for discus¬
sion of the proposed acquisition
of the plant by the city.
,
.
'
;■ The proposal to purchase the
Staten Island public utility first
be given to
,
made
was
to
•
Council
the
•
by
Mayor. F. H. La Guardia in a spe¬
cial message on Aug. 31... After
receipt of the Mayor's message,
Newbold Morris, Council Presk
dent, introduced a bill authoriz¬
ing acquisition of the property.
'
Local Industries Get $50,000,000
Contracts
War
Commissioner
—
George A. Sloan, of the City De¬
partment of Commerce, who has
peen devoting his time to obtain¬
ing war work for New York City
factories, announced Sept. 3 that
Contracts "in sizable quantities"
have
the
come
to
few
last
New
York
weeks.
He
within
said
no
1
"
"We
have found
in
considerable
weeks,"
Mr.
will be
herculean job
a
Sloan
a
last
the
few
"but it
to get New
said,
the
funds
$46,052,726 in
invested
are
the
of
towns
State,
$8,160,614 in the securities of New
York State villages, a little over
York.
':;:V
of
Investments
complete breakdown of all
a
State's investments with a
detailed
description of each par¬
ticular bond.
ule of
nual
ume
a
Investments
issued
was
as
Comptroller's An¬
Report, and this year's vol¬
of the
part
is
a
continuation
of
that
izers,
practice
bombs,
leatherpalm knitted gloves and raincoats
for the Army and the Women's
Auxiliary Army Corps.
As further relief for New York's
Mass
depression, he said,
many
of the
country's largest
manufacturing firms, which have
offices here, have let sub-contracts
here on war orders.
In appealing
Savings on their equipment and
supply costs are in store for New
York
municipalities with estab¬
lishment of a purchasing service
in cooperation with the State un¬
to these
der
firms, Mr. Sloan disclosed,
attention
policy.
called
to
their
the
New
New York
Local
a
The
Units
(State of)
To
Purchasing
Join
Of
law enacted this
State
In
and $1,000, 1946 to
York, to this effect will be
1972 incl.
fire department
bonds.
Due on Sept. 1 as follows: $5,000 in 1945; $1,000, 1946 to
'
1
Enclose
a
certified check for
45,000
$8,-
880, payable to the County Treas¬
urer.
";v.?y1
.
Port of New York
Authority, N. Y.
vehicular
traffic
Port
all
on
Authority facilities last month to¬
taled
2,122,431 cars, against 2,158,059 in July and 3.176,319 in Aug¬
ust, ,1941.
The decline in
understood
to
have
revenues
been
more
modest, owing to the high - per¬
centage of trucks using the facili¬
ties, according to report.
Hudson
River
Authority
Port
crossings of the
were
used
last
by
1,927,319 cars, against
2.901,735 in August, 1941, while
Staten Island crossings were 195,112
against 274.584 a year
The over-all decline of traf¬
cars, *
Supplies—
year.
,
furnished to the successful bidder.
month
plan,
according
to
the
fact that many thousands of little American Municipal Association,
factories in New York City would will be directed by the New York
be forced to close down completely State Conference of Mayors, and
he
obligated to levy ad valorem
taxes upon all the taxable prop¬
erty within the county for the
payment of the bonds and interest
is
Beginning last year the Sched¬
Chemical Warfare Service, steril¬
war
$15,000 in 1963 and 1964; $20,000, 1965; $25,000, 1966 and
1967; $30,000, 1968 to 1970;
$50,000, 1971 and 1972, and
$60,000 in 1973.
; A. ;%% %■<
30,000 water bonds. Due on Sept.
1 as follows: $3,000 in 1945
be
that
Schedule
The
operating-room gowns, leather in¬
strument cases, metal cans for the
industrial
county will, have power and will
$6,000,000 in the bonds of various
Traffic On Facilities Lower In
cities outside of the City of New
August—Preliminary reports show
of the
weeks, according to
Mr. Sloan, - government agencies
have
placed
substantial
orders
here
for
surgical
instruments,
City totaling
investment
various
various
peace-time production."
recent
various
Employees' Retirement Fund
the
In
gives
In
in
is
State
of New York
issues
York City back to anywhere near
-
the
of
$194,014,400.
Among
the
other
large investments was $22,702,398 thereon, without limitation of rate
invested in FHA mortgages, vir¬ or amount.
The opinion of Haw¬
tually all of which is in behalf of kins, Delafield & Longfellow, of
the
improvement
'
•
.
:
r
.
•«
■
t*
.
portfolio.
'V;!/: ' %
C"
By far the largest single invest¬
ment
there
.
s-..
<
,
actual
figures were available, but
was entirely possible that
the new contracts
aggregate in
the vicinity of $50,000,000.
/
.
that
it
-
ago.
and $2,000 in
1968, all incl.
1951,
1952
to
tions; unlimited tax; coupon bonds
registerable as to principal only;
delivery at place of purchaser's
choice.
A
There will be
no
auction.
each issue
and accrued
interest) is required. Bidders are
requested to name the interest
(not
separate
less
bid
than
for
par
rate
or rates, not exceeding 6% in
multiples of
of 1%; each bid
may name one rate for part of the
bonds of any issue and another
rate or other rates for the bal¬
The
issue each such
rate must be for bonds of con¬
secutive maturities.
The bonds
the first eight months of the
will be awarded to the
comparison
Tribcrough Bridge Authority, N. Y.
August
Traffic
Lower
—
above agency, in a
ent year,; as
against
a
pres¬
total- of 26,-
Sanitary District bonds now held
by the city sinking fund will be
disposed of at private sale on
Sept. 15. The bonds mature Nov.
1, 1945.
Bonds Sold—The $15,000 street
improvement bonds mentioned in
<
Denom.
preliminary re¬
port of operations, noted that 18,183,177 cars used its facilities in
33.2%, on the
of the two months.
was
Shaw, City Auditor, reports that
$118,000 414% Mahoning Valley
v.
156, p. 827 were sold
city sinking fund. Denom.
$1,000. Dated Sept. 1, Due
$3,000 on Oct. 1 from
1942. No option of payment prior
1947 incl.
to final maturity. Prin. and int.
(M-S) payable in lawful money Ashtabula County (P. O.
in New York City; general obliga¬
son), Ohio
.
bid may name more
than three rates for any issue, and
each bidder must specify in his
bid the amount of bonds of each
rate.
Where more than one rate
fic
Ashtabula, Ohio
Plans Private Bond Sale—J. H.
ance,
but
no
is named for any
fering, to
bidder of¬
purchase 4he bonds
at
Bond
Sale—The
to the
$1,000.
1943 to
Jeffer~
$15,000 delin¬
quent tax bonds offered Sent. 8—
652—were awarded to
Banking Co., Jef¬
ferson, as 0.75s, at a price of
100.03, a basis of about 0.74%.
Dated Sept. 15, 1942 and due Sept.
15, 1944. Second high bid of 100.02
for Is was made by the Ohio Co.
v.
156,
the
p.
Jefferson
'
of Columbus.
Bay Village, Ohio
Bond
Call
—
Village
Clerk
Charles Sutliff states that the fol¬
lowing refunding bonds are called
for payment on Oct. 1, at the First
National Bank, Rocky River:
Series
Oct.
1,
A, Nos. 17 to 133. Dated
1937. Due Oct.
1, 1943 to
1951.
Series
Dated
A,
Oct.
1943 to 1950.
4%, Nos. 51
1935. Due
1,
to
202.
Oct.
1,
,
.19,500; condemnation -bond s,
jDated Dec. 31, 1907. Due Dec.
.31, 1947. * Interest J-D.
and interest on said
holders,
Principal
,
bonds will be paid to all
.
•
,
Bedford
(Ohio)
\ Bond Sale—The $521,699.76 'cou¬
pon" bonds offered Sept. 5—v. 156,
p. 739—were awarded to a syndi¬
cate composed of Otis & Co., Law¬
rence Cook & Co., both of Cleve¬
land; Fox, Reusch & Co., Cincin¬
nati;' William J. Mericka & Co.,
Cleveland, and P. E. Kline, Inc.,
Cincinnati, as 2%s, at par plus a
premium of $626, equal to 100.119,
Sale
basis of about 2.66%.
a
sistcd of4v
'
Due Feb.
Interest M-S.
Dated Oct.
lt,'
,
condemnation
15,000
bonds.
15, 1909.
Due Oct.
15, 1949., .Interest A-O. ;
t
.
...
.
.
7,500. condemnation bonds. Dated
April 15, 1910. Due April 15,
•
Interest A-O.
1950.
.
3,500 condemnation bonds. Dated
,
May 1, 1910. Due May 1, 1950.
'4interest M-N.;r' •*;.:■
• ■
-
'20,500
of
Board
Appeals
Tax
tions from sale of
his
offer
the
bonds
allowed to
and
refuse
in
the
withdraw
they
event
prepaid tax re^
ceipts during current year to Aug.
of
delivery
15 amounted to
the city that it is ready to make
such delivery.
Legal opinion of
$32,520,000, a de¬
$4,775,621 or 13%/com¬
pared
with collections \ to4ahng
$37,295,621 in! the corresponfellng
period last year, accordingfcitsbl the
Squire,
report
made
tax
subject
Federal
to
are
cline
income
prior to issuance of notice by
,
Youngs-
-
Bond
Sake
•/.
>.4
Postponed—John
Sanders & Dempsey of
Cleveland may be obtained by the
purchaser at his own expense. A
P.
Rhiel, Clerk of the Board of Coun¬
ty
Commissioners,
will
receive
sealed bids until 11 a.m. (EWT)
on
Sept..,17 for the purchase of
$434,000
6%
coupon, refunding
bonds. Sale was originally sched¬
uled to take place on September 9.
Dated
Oct.
1,
1942.,. Denom.
$1,000. Due $21,000 April and Oct.
1, 1944 to 1946, and $22,000 April
and Oct 1,*1947 to 1953t, Bidders
may present alternate bids, based
upon and bearing a different: rate
Dated
certified
check
for
2%
,
.
ended
.
19%
'
,
&
Co.; of
of
the
General
Code
Cincinnati,
Bond
est J-D. /
.
;
street
lighting installations,
'Springfield, Ohio
1/ 1942.
lows:
Other bids were
' ■■
" !■' '
•
;
Riehirds-
Cleveland
&
fol¬
as
Int. Rate
First
Co.,
&
Rate B'.d
V
''
•
Stranahan, Harris & Co.,,
3%
sy/tdnaann & HDlzmnn,.Pohl &,
..
Co;,'
Walter,
Woody
<fc
\
.".Heifti*evdingej%. Sfeasongood <&
r
$iayer >*,
?./ 3&%V
100.20
'
'
.
>
■
C-
Bedf ord,
Ohio
v=i
?'■
■ ■:
100.17
\"
/
*
4
complete list of
a
received
bids
all-or-
an
on
basis:
v..,
' /"* /
Bidder"
and
Co.,
the
none
*■.?.»
Interest J-J.
1949.
Following is
.
Corp.,'Styan.lr,
.
Sutherland
.> ;
'
,
Bidder—
Field,
dated Sept,
are
'.'''F.'J'* *7- "AmcuntBid
J,- A. V/hite,and< Company, vCiM-V
-v
c'.nnati ..........................
$303,520.00
Hayden; Miller & Co.,.Cleveland.300,290.00*
Fahey,? '
Field,.-Richards. & Co.^ and
Co., Cleveland...299,783.25
Union Securities Corpcration..*.?..
' 298,526:45■
Provident Savings Bank, .Season*. ?
Clark and
■
good & Mayer, Asafel, Kriemer &
Fuller, Pchl & Co., all of Cin- -
Bond Call-^-Director of Finance
•
'
/ / :
the/State, and
pursuant to a resolution adopted
by the County Commissioners on
July 27, 1942, and pursuant to an
Aug.
,,
1, as
$1,000 from 1944 to 1947
and $1,320 in 1948.
Other
less than
all
bids
amount- of
must
the
the gross
state
bid
accrued
and
interest to date of delivery.
Montgomery
7;.-;';
Pur¬
chased must,be- prepared to take
the bonds .not later than October
Bond
County (P. O. Dayton), Ohio
*'■ •'*
Offering— F.
of'the
Clerk
Board
El Treon,,
'County'
'of
—
*
1
3-A-1936,
Nos. 3 to" 10, to the amount of $7,000, the unmatured portion of $8,000.~ Dated /April 1/1936.
Due; in
1943 to 195a?V \ v- " - Y'
7 ' y-v
Water Supply, Series
calls for
also
Morris
Mr-;
.
follows:
as
Eidder—
Co?- jointly
& * Co,.
in
ceases
4
1943
on
Oct.
Dated
$130,199.76.
Due
1952.
to
dates called.
1,
:
Sweney,
Co.,
&
and
Harris
&
Sutherland
Co.,
Inc.,
?
/
'■
101.33
;..
•
.
22
for
not to
.the, purchase: of; $320,000
interest coupop
exceed'. 4%
series J
refunding
Interest
bonds.
m-n.
jointly
101.08'
County
O.
(P.
Cleve-
v'--land), Ohio
;
*
/
certified check for. $4,340, pay¬
E. Cailor? Courity
a
r
"
'
•
Cincinnati
were
ders for $191,000
of
$252,000
for ' sale
on
of par plus
successful bid¬
of the aggregate
;4%
bonds offered
Sept, 4, on a bid
a
premium of, $37,-
equal to 119,57.
The re¬
maining $61,000 bonds were sold
to Hayden, Miller & Co.,, Cleve-r
land, at par plus a'nremium of
385.40,
Series
D," Nos. D-829 to D-1549,
of $721,000.
Part
of an original issue of $1,029,000.
Denom". $1,000.
r ?'
Series E, Nos. E-ll to E-34, to
the amount of $12,000.
Part of an
to
White
herewith:
&
Co-v are
.
,
,
-
$17,000.
"
Denom.
•
v
>
Series F, Nos. F-1568 to F-3339.
to the amount of
of
an
original
Denom;
All
$1,772,000.
issue
$1,000.
bonds
of
'
dated
Part
$2,531,000.
1.
with
all
unmatured
Steubenville, Ohio
City Auditor, will receive sealeci
bids until'2 p.m. (EWT) on Septi
21 for the' purchase-hf $38,000
=
Notes
Doverf Ohio
Sold—An
Due
$10,000
1947 to
the
?
-
provisions
General
Code of Ohio,. Prin. and int. pay¬
able
at
the? iQounty Treasurer's
office.
The-{bonds shall not. be
and
$4,000!in 1946 to 1953. Rate nf
to be iii multiples of
%, or1 multiples thereof. Prihv
and int. payable at the City Tre'a^i
interest
of 1
-
,c..vY
l?on4> anticipation..notes has/been
urer's-
office.'
Issued
under
au*
thority of; the Uniform Bond Act
the
for
of ' paying the
owner's portion- of the
cost of improving certain boule¬
vards in the city, and in accord¬
purpose
property
with
ance
passed
1940 and
No.
Resolution
the
by
6946;
May
15;
authorized by Ordi¬
are
No.
Council
sold for
less.jtnan par and accrued
interest and all bids shall be
sepa¬
nance
rate, and.'
shall be'spld for not less than
unconditional,, except qs
optional bids at, fractional rates
of
above/The
issued for the
are
refunding
purpose
7222, passed by'the
25, 1942. The bonds
|)ar
Council Aug.
accrued Interest.
and
check
certified
for
Endlose^ d
*
$380, payable
the City Treasurer.
to
'
J
certain
purpose
in 1943
1
Issued, for
systems,
.' fore issued and how outstand-
and
also
to
the cost of im¬
of streets within, the
pay
provement
platted territories outside of mu¬
nicipalities?,and for? County roads,
are
issued
under author-
ity of the Laws of Ohio "and
f
.
standing and about to matuire,
and
*
•
% r
.
of the Uniform Bond Act and
which have matured
;
in accordance with Ordinance
to
7
.
.
42-87,
.
Council
to
be
by; the
passed
on
City
Aug. 26. The bonds
refunded
mature.
are
or
The bonds
are
about:
by virtue of the provisions of the
Uniform Bond Act of the General
original Code of Ohio? and more particu¬
bonds or refunders. of bonds larly Section 2293-5 of the Code,
.7 issued
in
part but not
in as amended by Am. Sub S. 'B. N. 7,
Whole? prior to Jan./ l, 1931. enacted by the 94th General As¬
108 000 series of ?1942-C, J bonds. sembly, in regular session? with
Due $12,000 on Oct; 1 from and
after
the approval of the
,.1944 to 1952 .incl.
Issued to Board of Tax Appeals of the' De¬
provide for redemption of re- partment of Taxation of the State,
funding bonds Nos. l to 150, in accordance with ? a resolution
K''f series
the
1938-B,
which: have of
County
Commissioners
are
•'
-
-
..
.
.
been
;
.
called
for
payment
on adopted Aug. 22; 1942. Peck, Shaf¬
and ac¬ fer, Williams & Gorman, of. Cin¬
crued interest, at the office cinnati, have been employed to
of the Director of
Finance
assist
in
the
preparation
and
These bonds are dated Oct. 1. legislation and the issuance and
Oct; 1, 1942, at
-
par
1938, in various denoms.-and
sale
Oct. 1 from 1943 to
tify
mature
on
1952 incl.
„.
All
of
the
•••-,?
bonds
may name a
now:
1, 1942.
-
offered
Bidder
different rate of inr
lerest? expressed
in
multiples of
of these
as
without
to
bonds and
the
cost
v
to
legality
the
will
cer«
thereof,
purchaser.
Printing of the bonds will be with¬
out cost to
a
tKe purchaser.
,
Wellsville School District, Ohio" V
;
Bond
State
Issue
Approved
Board; of
Tax
—
The
Appeals has
authorized the Board of Education
to issue $10,000
refunding bonds.;?
issued
Enclose
certified check for $3,200., pay¬
Youngstown, Ohio
Bond
.
Sale
The $85,000
—
park
improvement bonds offered Sept;
p. 652—were awarded
composed of Stranahan,
Harris & Co., Inc., Toledo? Mc-:
Donald-CoOlidge
&
Co.,
and
5—v? 156,
to
a
group
Fahey,
Clark • &
Cleveland, as 2s,
100.69,
a
basis', of
Dated Auf.
rially
jncL
both of.
price of
about • 1.93%,;
Co-.,
at. a
15,
,
1942
and due se¬
Oct. 1 from 1944 to 1963
Second high bid of par and
on
$510 premium for 2s was made by
Halsey,^Stuart &
Co., Inc., Chi¬
cago.
The
$6,000
Division
St.
bridge
bonds offered the same
day were sold to an account com-?
posed, of Ohio Co. of Columbus*
Otis & Co.* Cleveland, and AsseR
Krp'mer & Fuller of Cincinnati?
repair
qs.
1V2S, at
of ?about
a nrice ef 10Q.12?.a basis
1.46% f /Dated Aug. 15i
,
'
interestJ-J7
not
paving
interest
qnd $26.0 from 1944 to 19$2
from provement of Sanitary Sewer Pis.incl. Prin. and int. (M-S) payable?
tricts outside of municipalities by
at the First National Bank, Wads-?
of refunding a installation
of ..sanitary;
sewer?
worth.
'
V:. '?!"
of bonds'hereto- storm sewer and. water
,?r '
.. .}
Oct.
on
1956 incl.
like amount
*
.
•
at¬
issue,; of $5,000
6%
bonds/Interest A-O. Dated Oct. 1,
•
Holders
coupons
exceed
to
...
will be. dated Oct.
k
Cleve-
O.
'?=•"
.*
Chrtlfedge;
>
'
present'same
.
■j.(
(P.
Appeals has
an
—
1934.
tached for payment at the County
Treasurer's office.
" *
-
Heights
Tax
The
—
outstanding
?
?
Wadsworth, Ohio
Heights), Ohio
refunding bonds for the refunding
Bond Offering—Roy J. Madden,
Bonds Authorized
The City
of general and serial bonds issued
Director of Finance, will receive
Council recently passed an ordi?
in anticipation of special assess¬
sealed bids until noon (EWT) on
nance
providing for an issue of
ments, and also,bonds issued and
Sept 21 for the purchase of $208,- sold in
anticipation,of the,collec¬ $2,615 3% special assessmenti street
000 3% coupon refunding bonds,
tion of special assessments levied improvement bonds, to be dated
as follows:
■
not later than Sept. 15, 1942 and
to pay the serial bonds issued and
mature Sept. 15, as follows; $275'
$100,000 series of 1942-B bonds. sold to?pay the cost of the im¬
,
■».
Board! of
f'??-5
'
Approved
Bond Offering—J. A.
Denom.
.
Oct.
of said bonds should
accordance with the
bonds
*
maturing in 1943 to 1949.
described
Interest J-J.
? •;
2,500 police bonds.- Dated Julv
? 15. -1907;% Due July 15/1957.
'
"
$500.
$5,500 condemnation bonds.. Dat<>d
July .1, 1907. Due July 1, 1957.
,
amount
original issue of
in
of Section 2293-28 of the
to
University
,
.
of interest, as specified
,
$1-1,449. equal to 118.76. The en¬
tire
offering . represented
city
bonds held as sinking fund invest¬
ments.—v. 156, p. 740.
-The $191,000 bonds taken by J.
A.-
the
1942.
able to Ftank
,
Of
Oct.jjjl?
Dated
$1,000. Due $,2(1.000 May and Nov.
1/1944- to 19q|.
Rate of interest
to be in a multiple of
of 1%',
land
>. Bond? Call—George H; Stahler,
Clerk
of the
Board
of
County
Campbell, Ohio
YY?7.
Bond Sale —* The $18,000 judg¬ Commissioners, calls for payment
on Oct.. 1. 1942 the following 4V2%
ment
bonds, offered Sept. * 8—v.
and/oF 6% refunding bonds:
156, p. 740 —- were awarded to
Series A, Nos. A-69 to A-228, .to
Ryan, • Sutherland; &'.Co.r ; Toledo,
the amount of $160,000.' Part of £ui
as l%s, at a price of 100.21, a basis
original issue of $228,000. Denom.
of about ■ 1.70%?./" Dated Aug.' 1,
..;,/
y."'1':i942 and due >Oct: ?1, as follows: $1,000. '
Series B. Nos. B-119 to B-395, to
$2,000 in-1944: $3,000, .1945 to-1948
the amount of $277,000. Part of an
incl. and $4,000'in r1949/, Second
original issue of $395,000. Dehorn.
high bid of 100.14 for l%s was
• 'V-?".' ..-' 'V?" '
made by Fox, Reusch & Co.,.of $1,000.
Series C, Nos. C-15 to C-58, to
Cincinnati.
•
•
;
...
the amount of $34,000.
Part of an
CincinnatiOhio
original issue of $48,000.
Denom.
Bond Sale—J. A. White & Co.
$1,000.
•
opinion? will be fur¬
nished
by
Squire,
Sanders
&
Dempsey, Of Cleveland, at the ex¬
pense" of the purchaser,;; Enclose
and
Co. r jointly... ?
&
approving
',
1
Commissioners, will receive sealed! 1942. Denom. $1,000. Due OctM;
bids until; 10 a.m. (EWT) on Sept. as follows:
$3,000 in 1944 and 1945
Treasurer,.
•;
Bonds;
Acsel, Kveimer, & Fuller, Pohl & Co.,
Povident Savings Bank & Trust Co.,
Cincinnati,
and
Scasongocd
&
Mayer,
y,/i
\
10p.63 -i
W *
.V,
Inc.,"
Fahey,-.'•..
.
jointly.;..^.:.100.^1
For' 2%
-I
t
1938. Cuyahoga
Interest
i
.
v;;.
.....
Lcwry
Co.,
&
Stranahan,
portion of
199.76, the unmatured
i.
Hayden? Miller
Ryan,
Bonds
& Co.,.
Eh'th
-Clark
Rate Bid
'
First'Cleveland'
and..f McDonald^qoolidge
■„
Ccrp.,;
-
■
r
1%%
For
i
•
1; 1943, 4%; City of
Bedford, Ohio, Special Assessment
Refunding bonds/Series 1938, Nos.
i to 135, to the amount of $130,-
,
.
Richards
Field,'
pay¬
ment on Oct.
: T?
'
issue of $112,000 re¬
funding bonds.
,
.
■;
Issue
approved
,
.
.
'
1
Bond
State
Co., 13/4S, plus
$39; Ryan, Sutherland & Co., 2s,
plus $31; Seasongood & Mayer, 2s,
highest bidder at. not
v
i;.-.
?
par and accrued interest, plus $3.85.
Note:
1, the following 4%' re¬
Fund.
Nov.
incl.
1.' In the event that prior to' the
Stranahan, Harris & Co. time the- ibunty. notifies the pur¬
bid separtely for each issue.
The chaser* it is ready to deliver the
funding bonds:
; '"J
//-V
total
price
which
the
Sinking bonds, the income derived frOm
Special Assessment., Series? 1936,
Fund received was $300,834.40.;
the bonds shall be made subject
Nos. 99 to 453, to the amount of
to taxation by the United States,
$337,500, the.unmatured portion of
V • y,»Columbus, Ohio
by an act of Congress or other¬
$420,517.63. ;
;v Other Bids
The $280,000 re¬
r General, Series 2-1936,'Nos. 15
wise, the purchas;er mhy, at his
funding bonds awarded Sept. 1 to
option, elect to withdraw his offer
to. 54, to the amount of $36,000, the W. F. Kurtz & Co/ of Cleveland,
to \ purchase and refuse
delivery
unmatured portion of $44,068.73. ?, and
associates, as IV^s, at 100.315.
A complete tran¬
Municipal Hospital, Nos. 5 to 16, a basis of about 1.45%, as reported of the bonds.
script is on file in the office of
to the amount of $11,000, the un¬
in v. 156, p. 827, were also bid for
the County Commissioners, and an
matured portion of $15,000.
October
due
bids: J. A. White &
299,221.85 :
clnnati,'.,./.v,.i
Fred Morris calls for payment on
and
refunding bonds has be^iri sold
tb the City Treasury Investment
the
to
and
1942
;
.
000
follows:
amending resolution adopted by
the - County ; Commissioners
on
Aug. 17, 1942.
The bonds will be
sold
1,
%...t
V
Sold—An issue of $112,-
Bonds
?
premium of $7.50, equal to 100.14.
a
basis?;of about 1,47%.Dated
of
*
The
0.00 bonds, in anticipation of de^
linquent tax collections, to finance
.
Code
•*'••
*
—-
Tax
of
Appeals has"
authorized the city, to issue $108,-
■
General
-26,000 university bonds.
Dated
July 15, 1909.
Due July 15,
_
All of the bonds
Vf*'
^
collections
of $861,314 or
South Euclid,'Ohio
Issue
Approved.
Board
.
7,000.00 Series 4 bonds. Due $1,~
000 from Oct. 1, 1944 to 1950
incl.
;
?'* ??;
;
1942,
compared with like'^pdriod
the report showed^! Of
as
-
•;
15,
decrease
a
Ha? / t
wbeks
four
year
State
Series 3 bonds.;« Due
The $5,320 nsidewalk
improve-;
ity* of the provisions of Section
Oct.; 1,. as" follows: $1,000 in
2293-5 of the General Code/ and ment bonds offered the same day
1944 to
1946, and $2,000 in
were awarded to
the Ohio Co. of;
$35,000 park bonds.* Dated June 1, pursuant t6 and in full compliance
1947 to 1950.
'? ?
; 1909. Due June 1, 1949. Interwith the Uniform Bond Act of the •Columbus, as lVzs, at par plus a
;
Aug.
i
*
incl:; Other
county, under author¬
7
of
eight classifications, oiiiy the
food, apparel and general'groups
showed gains over last year. Sales
tax on the automotive group vir¬
tually
collapsed,
declining
to
$375,716 for the four-week period
this year as compared with $l,-r
059,887 last year..?,
as
of
Ebright,oBtate
period
the
—
A? White
the
showed
last
Maumee, Ohio
H.
'
_
For
.Bond Sale
The $6,980 street
improvement bonds offered Sept.
4—v, 156, p, 740—were awarded to
J.
of Don
Treasurer.
the
.
,
of
the
of
-
bonds bid for must accompany
bid.'
?■
■/ ?■ •
.
•
bids, also for 2s: Ryan,
Sutherland & Co., Toledo, $41 pre¬
the State.
Issued for the" purpose
of supplying deficiencies in reve¬ mium; Ohio jCo. of Columbus, $28;
nues
caused by .non-payment /of Seasongood > & Mayer," Cincinnati,
$8.85.:
taxes in the
2293-28
Off
13%—
Continuing their . war-caused
downward trend, : Ohio's collec¬
has
Mahoning County (P. O.
;
town) + Ohio*
r.,'
(State of)
Revenue
der is to be
The
special
assessment
bonds maturing Oct. 1, 1942,
"Sept/1,1910: Due Sept?
:
1, 1950. Interest M-S. "
11,000 . condemnation ■■ b 0 n d s.
Dated Oct: 1; 1910. " Due Oct.
vl; 1950:: Interest A-O.':' - -: v
The, $61,000 bonds sold to Hay¬
den,- Miller -&-Co. were as follows:
[♦,1 l,t)00.p0
V
State
—
Tax
accepted, except that pro¬
vision may be made that the bid¬
\
Approved
Sales
.
1950.
1949, $6,000 in
Due June
-
►1
.
to
Issue
Bond
Ohio
Conditional bids will
-
be
2s, at par plus a premium of
% X'950." Interest J-D. > 1
'
$49, equal to 100.70, a basis of
16,000
public
library .bonds.
about 1.89%.
Dated Aug. 1, 1942
Dated June 1, 1910. Due June,
and due Nov. 1, as follows: $680 in
tT, 1950.' Interest J-D."* , of interest than specified, but sub^
1944 and $700. from 1945 to 1953
46,000
condemnation
bond s. ject to the requirements of Section
•
; 36,000.00
Series 2 bonds. .; Due
%
Oct. 1, as follows: $5,000 in
1944
condemnation 'bond s..
.
Dated June 1, 1910.
'
.
V,-
Euciid;ohio
•;w'M
•
4,000 condemnation bonds. Dated
Dec. 1, 1909. Due Dec. 1, 1949.
Interest J-D.
>.
>
.
$467,699.76 Series 1 bonds.
Due
'
Oct. 1, as follows: $66,699.76 in
1944, $66,000 in 1945, and $67,^
V*
000 in 1946 to 1950; provided,
however, that all of the bonds
yshall be subject to call or redemption in whole or in part
r, "
at par on Oct. 1, 1943,' or on
?
any., interest
date
paying;
thereafter.,.,i
„
of Finance.
not
bonds.
•
909
payable at office of the Director
Treasury
.?
,
28, 1948.
=1949..
con1
p
City
Interest F-A.
authorized the city to issue $426,9,000 condemnation bonds. Dated 000 bonds to refund an
equal
Sept. 1, 1909, Due Sept. 1, amount
of
v
,
condemnation
-
Dated Feb. 28, 1908.
.
i
v.;
,
the
Investment Fund.
.
30;000
1, 1942 and all unmatured coupons
attached.
Interest ceases on date
called.;,.■
purchased ;by
•
surrender of same with Oct.
upon
FINANCIAL CHRONICLE
THE COMMERCIAL/
Volume -156 :-;Number41Q7'
.y*7"0f;.l%?v Frinv and- inkA^O)
able to- the < County
Treasucen: r s
1942=?.aad7 due .J$2,0OO
.
pn
?Ock >1-
THE
COMMERCIAL & FINANCIAL
Mondays September 14,1942
CHRONICLE
910
1944
to
Co., Braun,
1946
incl.;
Second
incl.
Bosworth & Co. and
bonds held
by,the City Sinking Fund Trus¬
tees? and also offered on Sept. 5, as
reported in detail in v. 156, p. 652,
were
Pittsburgh.
Tax Revenues Continue
Advance—The favorable show¬
Wage
To
awarded as follows:
Halsey, Stuart
ing made by the city in its wage
tax collections during the previ¬
ous
continued
August, and gave further
months this
during
year,
proof that receipts
;n
from this levy
purchased $11,000 4% bonds at a
price of 102.8$, consisting of these
issues:
$9,000 police equipment,
and $2,000 real estate acquisition.
The Ohio Co. of Columbus was
awarded an aggregate of $125,700
bonds, at a price of 105.37, as fol¬
lows: $40,000 2V4% delinquent tax,
•
$12,000 4% fire station, $12,000 4% crease of $4,924,081.
Collections by the city from all
fire station,: $22,000 3V2% judg¬
ment, $4,000 3% incinerator bldg, sources for the first eight months
repair, and
$35,700 3% police of 1942 amounted to $93,446,684 as
compared with $87,404,573 for the
equipment. 7
'•;]. • V77;] 77
same period last year, an increase
Oklahoma
of
$6,042,111. Collections from
general revenue sources amounted
Heavener, Okla.
to $66,343,923 for the first eight
Bond Issuance Contemplated—
months of this year as
with
riod
compared
$61,887,092 for the same pe¬
last year, an increase of $4,-
456,831.
the
«/hpn
state were
—•were
State
ie°PardizedjQy the war
smdtem^ ^
unusual
lean for any
can
"the intention of
County. (P.
*
Ben
3932
.
ing
f strict bua
^ntici-
stated by
pated the changes necessitated
by
the.^f5nPn?^p^li^o" drasdcally
restricted
«
c+atp
"
"rnriv'ssss
sttwswwa*
-
/
,
that
Co.
&
$48,000 /,
the
to Crumof Dallas—v. 156, p.-
airport bonds sold at
mer
.
The City
—
477—were
par
purchased
as
follows:
the fol¬ $10,000 as 3%s, due $1,000 In 1943
lowing refunding bonds are also to 1952; the remaining $38,000 as
Interest
being called as of Oct 1, at the 4s, due in 1953 to 1962.
above named bank: Series A, Nos. payable semi-annually.
reduced
than five, years.
:
Mr. Pitts also states that
'
more
Details
Secretary states
called for payment on Oct. 1,
7
'
t
Bond Call
_
Fenn.
Bond Election
County Judge R.
that the fol¬
lowing bonds are being
City Secretary
—
called for
held
will be
tion
15 to
Sept,
on
submit to the voters the issuance
of the
Carter Smith states
Worth, Texas
Forth
:■
>/■.
E. S. Birdsong states that an elec¬
past year the. net McNairy County (P. O. Selmer),
was
.i
-.:;7y7
7
Sale
Bond
?atin!0ct' X> lm> and d^e on Oct.
ripVit
V
,
Childress, Texas
y
capital expenditures La l ] ferielE' Nos- 1613 t0 2517.
and Series I, Nos. 3960 to 4014, all
will
^
downState debt on its down
WDuringndt'he
Bolt), Texas
Sold—It is
payable J-D.
csnHmberedbeing all bonds
from 2990 to
G,
Series
which policy
keep the
(P. O.
Dist.
reported that
$20,000 3% building bonds were
Dyer,burg), purchased recently by the Alice /., /•: Bank & Trust Co., of Alice. Due
on June 1 in 1943 to 1957.
Interest'
states
Pitts
Bolt Indep< Sch.
Bonds
—County Chairman I.
that refunding
nl
t
L..
O.
Tenn.
V'v;;
1, 1935.
Ben
and of sound econ at the^ First-Citizens National
®my Which were united to make Bank^ -Dyersburg. ;, Dated Oct. h
the surplus Possible,
"
$5' Due on °ct l> 1965worthy that the Sta
'
bonds have been purchased from
the RFC by Milhous, Gaines &
740
Mayes of Birmingham. Dated Nov. 7
purchased by the State at
outstanding of said series, are be¬
getary control
re¬
Sept. I—v. 156,' d
j
■
0^0
his admin
>
•
Dyer
istratlon, the
maintain the policy
RFC—It is
By
reiunding bonds offered
on
/• TENNESSEE
of tne
a
v-'.
for sale
and
program,
Sold
Bonds
,
ported that $12,400 4% semi-ann.
water
works
system V revenue '
c.
during a pe-
revenues
v;
Bells, Texas
3.......
—
manner./
;earendgedSJuPne 30,
wS
will be consider¬
ably in excess of the estimates of
the city budget makers.
If the
present trend of collections con¬
tinues, receipts for the full year
may approximate $24,000,000 com¬
pared with the estimate of $20,000,000 made last year.
For the
first eight months of this year re¬
ceipts from the tax were $16,413,330 as compared with $11,489,248
in the same period of 1941, an in¬
city intends to
issue $78,000 not to exceed 6%
sanitary sewer refunding bonds. -
Dist.
L ? Sale And"), S. Dak.
?ke The $13,000 3%
Bond
.
economyrtte I
satisfactory
Sch.
M«p.
mGo;ernm? M%ath. expressed
rwtaCnrdlng .t0 the Distrfat
satisfaction at the size, 0
H149 incl
°"
•' 1 ln 1944 t0
for the full year
It is said that the
a
'
•
.
.w-.,.'
>
it would seem hat
hv careful planning and, by ,a rea
degree of
nancial requirements
o^the bta
for the current year can be m
Enable
TEXAS
Co
Trust
&
«• *
»
Philadelphia, Pa.
& Co., Inc., pur¬
chased $210,400 bonds at a price
of 104,332, consisting of $120,000
2%% refunding, $50,000 2%% re¬
funding, and $40,400 3l/z% final
judgment bonds.
J.. A. White & Co. of Cincinnati
;
Churchill of
&
Hayden, Miller & Co.
The $347,100 of city
/Minneapolis.
violent decreases may occur,
fart
National Bank
ern
Howard McGrath. Jn
Governor J.
Payable at the Northwest¬
$1,000
a.letter.io
in
he.wrote
$11,000, 1977 to 1980 incl.
and $12,000 in 1981 and 1982. Call¬
high bid of par and $2 premium able in inverse order on or after
for IV2S was made by a group
Aug. 15,1952. Interest F-A. Legal¬
composed of Hawley, Shepard &
ity approved by Burgwin, Scully
from
following bonds aggregat¬
$275,000 flood con¬
trol, .and
$75,000 storm
sewer
equipment bonds.'
;
,V *; • ■
ing $350,000:
Ay
.
7
'■
(
payment on Oct. 1;
;;
;
*
notice .'corroborates the
tentative
report
given
here—
v. 156, p. 740.)
: ' ,
' . i
(This
;
County refunding, bearing va¬
from the ;city realty
rious iterest rates, Nos. 56, 57, 70,
■7
contributed a part of the in¬ net effS of the Federal gasMme
Free water, Ore.
I 9i£ *3 137> 139> 142 t0 143> 159 Henderson Co, Cons; Road Dist.
crease, amounting
to $37,111,744
Bond Call—It is reported that
7921 4 ' nnn t0 392' 500 t0 509> and
so far this year as compared with
No. 1 (P. O. Athens), Texas
724 to 726.
Dated April 1; 1937.
$10,000 3Y2% general obligation
$35,845,260 for the same period year was slight, being more than Deuom. $1,00°.,; Due on April 1,
Bond Offering—Sealed bids will "■(
bonds, dated April 1, 1927, are be¬
last year, an increase of $1,266,- offset by increased revenues from
1962.
Vbe received until 10 a.m. on Sept." V.
ing called for payment on Oct. 1.
484.
School tax collections were 0t
vSFully registered funding, bear¬ 14, by Frank J, Davis, County *Bond Offering—Sealed bids will
For Sthe Cyear as a whole.'gaso¬
also ahead of last year,.amounting
Judge, for the purchase of $50,be received until 8 p.m. on Sept.
to $25,582,315 as compared with line fax receipts of theStatewere ed y?1?0"5 Interest rates, Nos. 20,
000 road, Series A-9 bonds.
De- "
15, by City Recorder E. J. Davis,
ttin
5' 59> 67' 173 and 175.
$24,713,391. for last year, gain "of only $115,096.24 less than w the 1 8' 7 co 160,'. I.?1; 69' 85' 148 t0 nom; $1,000. Dated Oct. 1, 1942.
153,;
'
for the purchase of $10,000 re¬
$868,924.
preceding 12 months.
Dated June 1,1937, Denominations Due
on, April 1; as follows: $6,000
funding, Series 1942 bonds. Inter¬
An indication of the effects of line tax receipts were $4,049 436 3$ various. .Due
April 1, 1962,
:! i. in 1946 to 1951, and $7,000 in 1952 7
est rate is not to exceed 5%, pay¬
the war was given by the fact that in the past 'year, as against $4,and 1953. Bidders to name rate or
able M-S. Denom. $1,000.
Dated
^Refunding, 5% and
amusement taxes continued to in¬ 164,532.59 in the preeeding,year
26, 27, 41 to 44, 69 to 80 and 87 combination of two rates which is. k,/
Sept. 20, 1942. Due $1,000 from
Income from motor vehicle reg
crease, amounting to $801,079 for
closest to par and accrued interest,'
Sept. 20, 1947 to 1956 incl. A cer¬
onh ^ted 0ct- 1, 1934. Denom.
the first eight months of this year istrations and licenses fell
OREGON
Returns
levy
,
-
^inTTut^paao^e
_
.
5%%rNos.'
must accom¬
tified check for $300
pany
the bid." •//y.y' H/:/7 ■,^777; A
pennsylvania
>
Ambridge, Pa.
V
Oi'iering
Bond
Card, Borough
ceive
sealed
(EWT)
on
—
L;
Samuel
Secretary/will re¬
bids
until
8
p.m.
Sept. 14 for the pur¬
bonds.
:
7 Dated Sept. 1, 1942. Denom. $1,G00. Due Sept. 1, as follows: $10,000 in 1947, and $5,000 in 1950 to
1958.
Bidder to name the rate of
interest in multiples of lA of 1%.
Registerable as to principal only.
The bonds and the interest there¬
on
will be payable free of all
taxes levied under any present or
future law of the Commonwealth.
The sale of said bonds is subject
to the approval of the proceedings
by the Pennsylvania Department
of
Internal
Affairs
and /• the
borough will provide the bonds
and
legal opinion of Burgwin,
Scully & Churchill, of Pittsburgh.
In the event that prior to the de¬
livery of the bonds the income re¬
ceived by private, holders from
bonds of the same type and char¬
acter
shall
be taxable by the
terms of any Federal income tax
law, the successful bidder may, at
chase of $55,000 coupon
his election be
relieved of his ob¬
ligation under the contract to pur¬
chase the bonds and in such case
accompanying his bid
No bid for less
than par and accrued interest or
for less than all of the bonds will
be accepted/
Enclose a certified
check for $2,000, payable to the
the deposit
Will be returned.
77] y'/V-;.
borough.
Belle
Vernon Municipal
Authority,
Pa.
Bond Sale
of Aug.
Details—In
ported the sale of $290,000
revenue
issue
our
31, on page 740, we re¬
bonds to Moore,
water
Leonard
Lynch of Pittsburgh. We now
learn that the bonds bear 3%%
interest and were sold at a price
&
$1,000. Due April-1, 1959.
g
dropping
All bonds optional for call on
from $3,400,^^-W any. interest payment date. ;
$3,378,177.69. 7,V.7r..-*vV
^Irrespective
of
payee
agent
Port Vue« Pa.
'
Except f6r these two decreases named in the bonds, same should
Bond Sale—The $240,000 fund¬
and for slight declines|n fmnchise be presented to the Trust Departing bonds offered Sept. 2—v. 156,
tax
revenues and.
p. 653—were awarded to a syndi¬
fncorm^ourc£« ment of the American National
Federal grants, all other sources Bank, -Nashville, for payment at
cate composed of Singer, Deane &
of general fund
revenue^ yielded par and accrued interest, having
Scribner of Pittsburgh, E. H. Rol¬
greater returns in the past year. :£. Oct; 1, 1942 and subsequent cou¬
lins
& Sons, Inc.,'. Philadelphia,
Due to previous reductions, ip pons atached^ Interest will cease
Glover & MacGregor, and S. K.
to accrue on and after date called
State debt, the cost
Cunningham & Co., both of Pitts¬
unless default' shall have
been
burgh, as 2%s, at a price of 100.01, ing the remaining outstanding l
made in payment thereof In ac¬
a
basis of about 2.749 %.
Dated debtedness - dropped.. $240 531.32
last year to $2,153,585.45. Durwg cordance with notice of call.
Sept. 15, 1942 and due Sept. 15, as
follows; $8,000 from 1943 to 1948 the fiscal year, the neb State.de
Tennessee (State of)
/V
incl; $9,000, 1949 to 1953 inch; was reduced"
695 83
j July ^Revenues Show Increase
<R25 302 823.92
to
$23,990,p9D.oa.
ll^41"^Reverlues of the State
$10,000, 1954 to 1956 inch; $11,000,
1957 to 1960 inch; $12,000, 1961 to TOis reduction, with thei
olle™essee ln July totaledmore
$6,1965 inch and $13,000 in 1966. ' ,; on a "pay-as-you-go .bas^s auto^ 881,504 and were
14.24%
matically indicates
than the receipts of $6,014,051 in
ice charges will decline again !
;
RHODE ISLAND
the same month last year, a report
the current fiscal year- -: ;.v, V >7
from George -F. McCanless, Com¬
Rhode Island (State of)
The State's sinking fund; now missioner of Finance and Taxa¬
Reports Surplus Of $1,222,953.26
has a "surplus of $45,827 30 repre- tion,, showed recently.
—Acting Finance Director Edward
senting the excess amount in
L. Leahy announced Aug. 21 that
th_ ■■..This: advance in total collections
fund over and above statutory re
was made notwithstanding a gen¬
the State had ended its fiscal year
quirements." In this connection, eral falling off in highway reveJune 30 with an operating surplus
however, Judge Leahy, pomtel out nues,
.Gasoline
taxes,
second
of $1,222,953.20, the largest such
that this surplus
f steadily de largest revenue producer in the
surplus in several years. He said
creasing becauseolthe failure °f month, declined 12.19% to $1,694,the surplus had been achieved de¬
the sinking fund to earn
stetoi 700 from $1,930,098. Motor vehicle
spite a $718,876.89 increase in ex¬
laxes, receded 20.55% to .$174,720
penditures over the preceding 12 <
the statutory
month period.
"7'7-7'y *. V ; rate must be reduced if .present from $219,917, and tolls collected
; Expansion of general fund in¬
investment conditions continue, v
*the large
against $697,780 for
the same pe¬
riod last year.-;
tax revenues
gasoline
$22,113.38
th?
Due Aug. 15, as follows:
from 1943 to 1947 inch; $4.-
S3.000
000, 1948 to 1952 inch; $5,000,
to 1957 incl.; $6,000 in 1958
and
$8.1967
incl.; $10,000, 1970 to 1976
T959; $7 000, 1960 to 1962 incl.;
000. 1963 to 1966 incl.; $9,000,
to 1969
1953
multiples of V\ of 1%;, No bid
and accrued in-1. 7'
Alternate "proposals will be
on bonds with an op-
terest.
7
7
•
considered
tion
of
at any time
from their date. Bids 7;
redemption
after 5 years
must
be
Prin.
and
blank. 7/7
uniform bid
a
on
int.
payable at7 i 7
(A-O)
place designated by the pur- -.
Issued under authority of '
any
chaser.
'
Section 52, Article
3, of the State'
Constitution. 77The. district will 'C)
^servic¬
furnish the
printed bonds, a copy
approving 7
opinion of J. P. Gibson, of Austin,;
of the "proceedings,-the
and will deliver
bonds to the
the
7-7
-
bank
designated by the purchaser,
without cost to him.
It is antici-V;.:
pated that delivery
Statego*
thatdebbserv^
before
the
made
possible
!
Vi.
,
.
.
bonds
•
are
*
a
;:
'
Hidalgo County (P. O. Edinburg)t
$9089a3Sed 2986% t0 $63'733 from
of revenues over
of
be effected
7/7,7-7■ "'V'Texas 7y 'vy
highway revenues "did
expendi-'
SOUTH CAROLINA
recede
in
July, the Tennessee
tures for the fiscal year; it was
announced. Revenues for the year Charleston County (P, O. Charles- Taxpayers ' Association' recently
ton), S,.'
> v pointed out that the State could'
were
$1,726,556.84 greater than
Bond Sale—The $150,000 county meet all its debt service require¬
those for the preceding fiscal year.
offered./ for ments throughout the years, 1942Mr. .Leahy reported that total improvement bonds
general fund revenues in the 12 sale on Sept. 10—v. 156, p. 827— 45, even if gasoline tax collections
months ended June 30 were $20,- were awarded jointly to John Nu- did shrink under rigid rationing of
256.960.20, and total expenditures veen & Co. of Chicago, and Frost, gasohne—beginning next month—
5% of the yield obtained in
and encumbrances were $19,034,- Read & Co. of Charleston, as .2s,
006.94.
paying a price of 100.068,. a basis
•;
Cal year end®d June 30. of about 1.99%.Dated Sept.. 1,
->he increase in total collections
While these results "reflect a
1942.
Due $10,000 from Sept. 1, from July; 1941, was aided largely
reasonably sound financial condi¬
1945 to 1959 incl.
f V . ; by an advance of 25.84% in excise
tion," which should be "a source
taxes, which aggregated $1,908,090
of satisfaction to the citizens of
south dakota >
and constituted the largest source
the
State," the Acting Finance
°f jncome during the month.
•
Director said, he warned that con¬ Codington County (P. O. ; WaterMr, McCanless also released a
town), S. Daki;
Y
*.
tinuation of such a situation dur¬
Bond Call
County Treasurer report for the fiscal year ended
ing the current year is problema¬
June 30, which showed that total
tical.
*: * 7 7* r* Roy B; Uhrich is calling for pay¬
collected
revenues
amounted to
ment on Oct. 1, at which time in¬
"ft may be that certain sources
terest shall cease, the entire> out¬ $52,687,332. or 11.87 % more than
of State revenue, particularly gas¬
standing bonds of the funding is-; ^''$47»096,713 aggregate in the
oline and motor vehicles, will be
7
sue
dated Octr 1, 1937,
Denom..! 1941: fiscal--, year.;"
much less productive -than for-
excess
balance
can
These
15.
(This notice supplements the of^
fering report given in our issue of
Sept. 7—v. 156, p. 828.) ' :
be"'' heq said'/That
come
Oct.
$1,000,000 issue
authorized at an election on Oct. 1;
1927. Enclose a certified check for
$1,000, payable to the. County. :7
Judge.
,:v-,. V'V:. !
1;
"v
-.'f ; ..7 ;7
.
Agreement
Refunding
—
A7.
The v
is
re-f i;
funding agreement whereby $783,County. Commissioners'^ Court
said
to
have
road
000
entered
and
into
a
bridge-..refunding .7
bonds, 5s, dated June 1, 1932. ma-.
taring April 15; 1952, and $664,-7
000
road
and 7 bridgerefunding ;
warrants, Series A, 5s, dated June
b 1932, maturing April 15, 1952/7
•
•
mu
„
.
,
.
.
'
..
of par.
in
for less than par
—
.
.
.
are
v-
to be refunded as follows:
Of
is
to
the
the $783,000 bonds.
be
yy
$109,000
•
paid off immediately by ;
county
leaving]
and /State,;:
$674,000 to be refunded into bonds
:,
bearing 4% interest and having a
maximum serial maturity date of
25
years,
no
State aid and
with $387 000 receiving $287,000 receiv-,]
ing 100% State aid.
v :
/
f
.
'
.
Of the $664,000 warrants, $69,-*
000 is to be
bv
paid off immediately
and State, leaving-
the county
$593 000 to be refunded into bonds
,
-
bearing 4% interest and maturing,
serially until 1973, with $195.000 ^
receiving .2«%, State< aid, $90.000* receiving 7100%
State' aid .and ?Vi"
$310,000 receiving no State aid]
,T".
*
,V'
JVolume 156
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
Hidalgo Co. Road-Districts (P. O.
Edinburg), Texas
:
.
■
.
Bond
Call—County Judge J. C.
Looney states that the following bonds are being called for
payment on Oct. 1, at par and acerued interest; at the office of the
State Treasurer:
(■
Road
bered
Road
a *.
bered
*
$1,000.
v. 1935.
bids
1,
14,
.-v
Texas
.,.t
10, 1941.
/
;
-
•
t
-
»•
Dated
is
rate
Aug. .1,
not
lndep. Sch. Dist. (P. O.
'
in
Bond
Call—It
is
Note
of
Education, is calling for payon Sept. 25, Nos. 5 to 19 of
3%% refunding bonds, dated Sept.
be
ment
Rate is to be expressed
sues
of
whole
optional: after; 2 years.
Denom. $1,000, Payable at par and
1938,
accrued
interest
part/of $125,000
notes.)
cor¬
Dated
to. more
tions.-;.
:
as
American
the Common
s///;,%'';/:•!
the
at
Council shall deter¬
McAllen,
Texas
Bonds Approved-^It is reported
/that $125,000 gas system revenue
bonds have been approved by the
.
Attorney-General. >>
//'■
> ///
-
1, 1942, but prior to
Dec. 1, 1942. Denom.
$20,000. Due
Aug. 15, 1943, provided,-however*;
said
that
Roanoke, Texas
j; ^
y:
.
avail¬
'/.,/'
•.
factors
are:
••
industrial
a
of; this
Sold
by
is
RFC—It
re-
sported that $13,500 4% semi-arin.
1
become
Milhous, Gaines & Mayes of Bir-
with
mingham. Dated Sept. 1, 1934.
•
,
taken by the city. -Bids are to be
at not less than
par and based on
Rochelle
■
.
,
Rural
High Sch. Dist. I
(P. O. Rochelle), Texas •
v
-
./ Bonds Sold
The State Board
—
of Education is said to have pur¬
-
chased
as
■
$7,000
3V2S..
construction bonds
%..//
/
;/
..
Schulenburg lndep. Sch. Dist./
(P. O. Schulenburg), Texas V.V;
2.85%
v'
:
/
be furnished at the
expense of the
purchaser.
Bids to be opened at
7.30 p.m. on said dat£.
Accrued
payable F-A. -■■■
y/vy/;,/%*,/
Housing Authority
/ Housing Note Sale%- The new
issues of Federal Housing notes
$45,614,000,
aggregating
awarded
were
Sept. 9 by nine local
on
V
as
housing authorities
parts of the country.
in
various
Sales were
conducted
through
competitive
bidding, and $42,614,000 of the
Trust Company,.
Reports
211,000
Canada
Chartered
:
banks
in
bonds
(Dominion
Banks
of)
of
Hold
the
I.
and
Canadian) municipal
gan. At the end of
for
able,
total
war
be¬
June, the latest
figurei
which
are
investments
-
avail¬
of
the
No
posed
V,
Feb. 16, 1943.
the
$625,000;
in
City issue of $8,000,000 in its
basis.
;. The
-remaining issues, consisting
Of $4,865,000 ,of the Pittsburgh
Housing Authority and $2,160,000
of the St. Clair County, 111., Hous¬
municipal
bonds
were
/;
(Continued
plus
$2,865,000,
issue,
Bank
Chemical
the
Comnany
■\
to
Bros.
by
of
awarded "
was
$1,160,000*
to /the
Chemical
this
issue,
.», 1
<
,
'i,
4
:
1'
7
;u
>
Antonio
Company
name
of
by
the
a
purchaser, etc.
headed by
svndicate
basis
a
of
about
1.57%,-
Due
yield .from 0.40%
to
lVas,
and
3s
as
serially
from
at
of
price
a
to
1943
1967
inch
1.65%., according to maturity.
the diminishing number of borrowers
/
appear-
/:
The Canadian municipal bond market was again active in the
.
Ont.; Harbour
Commissioners
securities
whose
body,
are
guaranteed! by the city, effected an award of $5,500,000, also for re-r
funding.
These deals helped swell the month's total of long-term
^borrowings! to $15,511,972. The Dominion government obtained an
aggregate of $170,000,000 on short-term loans./
The forthcoming offering by the City and County of Honolulu,
Hawaii, of an issue of $500,000 2V2% refunding bonds, bids on which
received until Sept.*' 22, represents the first United States
will "be
financing to be undertaken in
Possession
over a
Bids will be
New York
year.,
received at' the office of the Chemical Bank & Trust Co.,
'••/'
City;
j
: ■/"
: '''" /
«
comparison is given in the table below of all the various forms
of securities placed in August in the last five years.
1938
V
//
?//-; !/"'/' 1942
,"1941
1940
1939
/
.
A
'
.
*
the
volume, of
system
which.-: is^
a
long-term
State
and/municipal
now-
banks, according to report. y % : *
;
*
L f "(
municipal trade in August
vote of 9 to 7,
and
as
well
as
future emissions.
Then/too,
69,059,582
65,831,351
55,647,500
171,591,571
155,875,000
54,605,090
15,511,972
/l',759,217
:•// ' None
4,510,011
1,081,500
2,810,900
None
Canada—
in
S.
U.
0.
.
None
30,000,000
None
None
None
500,000
None
450,000
218,524,391
157,748,926
256,016,082
323,697,341
S
:
Poss'ns—
■;</;
118,261,782
Total
temporary
"Including;
securities
issued
**
t
i
;lr
jC
in August,
in August, 1940; $35,000,000. in August,
.. .
/
' /
.
.
*
places in the United States selling permanent
bonds and the number of separate issues made during August, 1942,
The
were
of
number
This contrasts with 120 and 132 for
101, respectively.
91. and
U
yFor
comparative purposes we add the
following table showing
for August and the eight months for a series of years.
In these figures temporary loans, New York City's "general fund ■
bonds and also issues by Canadian municipalities are excluded:
the aggregates
_„_l$47,102,310
1942
$426,930,284
27,708,331
642,032,065
1934__^,
705,536,771.
-i 75,019,089
707,133,410
1933
879,206,862
1932
37,839,967
504,140,739
621,140,132
1931
74,963,933
1,022,918.595
693,246,190
1930
58,068,445
975,963,112
—
1939_
1938——
1 52,720*544
1936,_—L 56,769,681
1937
(Details
of
the
In the
following
Page No.
[Name
•
Ind.
,■
we
list all of the domestic municipal
.. .
Ala
477
Bristol,
650
D.
Rate
1 A
•
—
0.98
1943-1952
133,300
100.07
1944-1950
1-247.000
100.44
1.^0
100.60
2.18
290,000
25 years
1950-1953
5,500
505,000
2.23
100.11
150,000
;
Va—————2^"3
—
$144,000
1943-1952
Basis
Price
Amount
•
1943-1958
(2 issues)— 21A-21/a
Texas
2^4
Brockton, Mass.
bond issues
,
Maturity
N.
S.
:
dui'ing last month will appear in a future
issues sold
Mex
——^-lVa-2
651 Auburn, N. Y. (2 issues)--1
739 Bay Village, Ohio—
-—2
740 Belle Vernon Municipal Authority, Pa.
737 Bicknell School City, Ind.—
2!A
553 Birmingham,
298,422,720
41,602,539
August:
Albuquerque,
Bishop
:
713,522,262
pf the individual
"(Chronicle.")
sold during
653
$753,182,433.
1. 45,173,603
1940__;
739
.
,
.$65,703,316
1935
-4 69,059,582
t 65,831,351
1941
issue
8 Months
August
8 Months
August
For the
Month of
For the
Month of
Senate'committee, which, incidentally, applied only to
i«
by New York City, $40,000,000
in August, 1941; $45,000,000
$30,000,000 in August, 1938.
1942; $55,000,000
1939,' and'
$
•
75,019,089
77,719,826
(perm't):.
loans
Bonds
$
45,173,603
47,102,310
(U. S,)_/
loans
$
$
*
(jJ, S.» —
Placed in
*
was
tentatively agreeing,
to, make; income from future issues of State
outstanding
,f
,
loans
Perm,
Placed
A development, of! interest to the
the vote in the
-
the
purchased
York,
The Province of Quebec placed a refunding issue of $9,725,000 and the
,
!
issue
taxation of both
iBank and Trust Company on an
0.78% basis.
-•
•
*/ •' ;
..
-
Although this
decision had but little effect on the market for
municipals, it did
indicate that the question of taxing municipals has not
yet been
definitely shelved.
I| should be. rioted, of course, that the House
definitely rejected the ^Administration's proposal, which would permit
$1,000,000 of the St. Clair County
issue on an 0.77% basis.
The re¬
mainder
918)
municipal bonds subject to Federal income tax laws.
Hutzler won
&
that
the action of the Senate Finance Committee in
Trust
and
0.78% basis.
on an
Salomon
went
fact
commercial
.The remainder of the Pitts¬
burgh
page
Light &
undergoing : dissolution in
conformance with the "death "sentence"
provisions of the Public
Utility Holding Company Act. /The issue " represented the second
largest municipal deal to reach the market so far this year, the top
flotation being the $50,000,000 New-York
City offering in January.
The offering met:• witJi a strong
reception among investors, with a
large share of the is^ue being-taken by insurance companies and
premium of
a
on
this
Power
ing Authority, were split.
R. W.
Pressprich & Co. "obtained $2,0Q0,000 of the Pittsburgh issue on an
to
as
bonds
New
recent month as a result of the completion of several large operations,
^
/
connection with its acquisition of the
physical properties of the San
Antonio Public Service Co., formerly a
part of the United
entirety on an 0.64%
basis,
j.
[
/././',.,
/; !.•;//
period, the successful banking syndicate was enlarged to include
Dillon, Read & Co. and Kuhn, Loeb & Co. The former house headed
the group in
re-offering the bonds and the other major account
members were A. C. Allyn &
Co./ Inc., Union Securities Corp. and
E. H. Rollins &
Sons, Tnc.r Financing was negotiated by the city in
issues and also purchased the Jer¬
0.76%
The
San
sey
road
ing in the market in each month.
Last -/ year,
the previous alltime peak, the Government had a
w^s awarded*, on Aug'. 24,' the bonds were not
formally offered to the public un.til Sept. 1. During the .intervening
and
available
Co.,, Inc.,
This .is very evident in
re¬
transaction/there were only two other awards of general
market interest, the
$3,128,000 Omaha Housing Authority, Neb., issue
and the $1,000,000 St^te of West
Virginia flotation.
Although the
Anaconda, Mont.,$420,000. The
bank bid an 0.78% basis on these
&
.
from
$12,400,000; St. Louis, $6,800,000;
Angeles County, $6,250,000:
Oakland, Calif., $4,094 000; city of
were
(State of)
Stuart
i
Mr.
financing in August jeven reached the relatively modest total of
$47,102,310 was due mainly to the-sale in that period of the
$33,950,000 San Antonio,
jTexas, electric and gas revenue bonds. Aside
,
Los
$16.
:■
a
price
a
enlarged to
bankers reported
was
.
war revenue tax
.
maturities, and at
on
effort, coupled with restrictions on new building and sundry other
improvements /due to lack of materials, has greatly lessened the
demand of i local governments for short-term "credit accommodation;
pro¬
will be
1971
made
was
Temporary financing by States and municipalities during August
to $55,647,500 of which $40,000,000 was provided by the
City of New York.
Increased local revenues resulting from the war
'
banks
%
lowing housing authority issues in
their entirety: City of Los Angeles,
Ind.,
is
current, year,
Wild said, and a
import duty; of
moved/- •//;,
for the 1944 to
bear
about
amounted
1941 /Toronto,
August
Company won- awards of the fol¬
New'Albany,
taxation
details,
no
and- re-offered to
$16,083,114.
increased
which
bonds,
Inc.,
to
of
response-to the re-offering from Investors.
Housing Authority, Neb., bonds bearing various interest rates and
from 1943 to 1976 incl.r purchased by Blyth & Co., Inc., New
Halsey,
ftTemp.
and Trust
Bank
though
$7,rev¬
the
Co.,
cost
'
A
—
in his Budget ad¬
July 14. Expenditures for
for
'
Can.
that of the Jersey City
Housing Authority, which will be
on
Surplus
A.(Wild
on
the year totaled
cnaiterecl
especially since the
date
R.
dress
''
to 2.90%
of
&
Corp,,
interest
net
a
1972
I
surplus of
unprecedented
and
re-offering
par,
distribution
gas
Allyn
C.
excellent
1,000,000 West Virginia
Sept. 1L
11, 1942/.
fiscal year were reported by New¬
foundland Finance Commissioner
Fewer
been, showing a no¬
decline in recent years
ticeable
Large
of
and
A.
York, and associates, at a net interest cost of 1.79%.
Re-offered to yield
from 0.40% to 1.90%, according to maturity.
County. .Water.Control and Improvement District No, 15,. Texas,
water, improvement bonds, dated April 1, 1942, were reported sold,
al-
,►.»
;
-
,
average
pf $23,204,296 for the
enues
have
except
Chemical
an
public
price
a
plant
by
Union. Securities
the
1,049,000 Hidalgo
Dated
Dec.
on
will mature on Aug. 10, 1943,
The
at
at
and
maturing
-
All the is¬
and
sues
payable
10
record-breaking
went to the Chemical Bank
notes
■;/•'" /
'//-/■■':
<>
to
Sons
power
headed
syndicate
a
maturity, the underwriting group
include Dillon, Read & Co. and Kuhn, Loeb & Co.
The
'
/
NEWFOUNDLAND
//
CANADA
Investments
Federal Public
Due
for
3,128,000 Omaha
equip¬
(Dominion of )
yield of 0.531%.
1942.
104
100.084,
> Canada
•
rates
the
of
'
/-
by
financial
conserving
Prior
to
Rollins.&
interest
•
electric light.and
awarded
H.
'
;Newfoundland (Government of)
5 noted in part as follows:
/;V';K/ UNITED STATES
of
Sept.
Municipal Securities 4- The "Fi¬
"
///f' nancial Post", of Toronto of Sept!
v-
/
•
/o
interest;is to be paid by the pur¬
chaser to date of delivery*/
Interest
1943 to 1962.
need
E.
yield of from 1%
.
'
notice¬
resources,/ materials/and
ment. /■, ;/■
'/;/
:;
v
Texas,
bonds
various
;
/
interest,,, rate.
Legal
opinion/ ^ Treasury Bills Sold—A
$45,000,printed note forms, delivery, reso¬
000
issue of Treasury
bills was
lution and ordinance
fprms are to sold on.
Schulenburg is said to
have
purchased recently $25,000
,23/4 V refunding bonds.
Due on
1 in
the
Antonio,
: system
Chicago,
movement has been stimulated
minimum of $80,000 to be
a
of
Aug.
permit the .city> to
the amount necessary
take .only
-Bonds Sold—The First National
a
"Bank
■
will
singles out only State and municipal
August borrowings included the following issues of $1,000,^
'
':
$33,950,000 San
,
.
bidders
sysjtem revenue bonds have
been purchased from the RFC by
was
Securities Exchange
more:
charges
accrued;- interest to date of - re¬ able/for-some years before the
demption.
It is understood that war./ Since war broke out, the
water
/■
provisions of the
Thomson, Wood & Hoffman, asserted
as applied
to municipals is invalid and described it as
by the SEC to "ursurp powers denied it by Congress."
He
The
or
-
Bonds
10.
be
business, despite' the fact that this field
move
000
/'
had
c-1
would
bonds for inclusion within its scope,
In other words, the commission
has attempted to make a new class of exempted securities."
*
1,
fect
15
also declared that "the SEC rule
to bet¬
resulting
from better employment.: '
;/
ity, at the face value thereof and
tax-exempt securities.
municipal fraternity in the
the
that the rule
city on on ./-During
the
depression
years
1943, | or. at . any many of : the municipalities learn¬
thereafter prior; to matur¬ ed the need of
economy.
The ef¬
March
to
concern
New York municipal law firm of
-
condi¬
due
revenues
relief
im¬
to prevent this move
by the SEC and it is expectd that
municipal officials generally will participate in opposing the plan;
In a forcefully worded opinion submitted to the
Municipal Bond Club
of New York, of-which he is
president, Mr. David M. Wood of the
-
Lower
is
measures
of munic¬
Reduced expenditures.
?
it
specifically ex¬
Act of 1934
Maloney Act, the vehicle providing for self-regulation of
the counter markets under the
supervision of the SEC.
The enitire industry, of
course, is prepared to take the necessary
national: income" due
I Increased
.
be redeem/,
shall
in
specific
active
discussion,
municipal bonds through the medium of its
X
Securities
cluded from the
able at the option- of the
after
time
,■
notes
"f"; i'
above-mentioned
com¬
and of the
trend
payers//';.' //■'
ier than Oct.
\
bond
mu¬
banKs
ter tax collections, in turn due to
higher income of individual tax¬
mine, but all to be dated not earl¬
National Bank, Austin.
/
Increased
.
in
purpose
in
.
affairs
/.Among- the
Sept. 21, by Clara Trierweiler,City Clerk, for the purchase in
or
downward
of the finance
Under this proposal,
trading^ih
subject to the best bid and asked
quotations and related requirements that would
apply to dealings in
other unlisted securities.
The inclusion of
municipals within the
scope of the rule was immediately viewed by
municipal bond meri
as a move by the commission
to assume control over the municipal
rather
the
in
rule
new
municipal
investments in municipal is¬
ds attributed to improvement
ipalities.
Offering—Sealed bids will
until *5 pm
(CWT);
porate
from
noted in the situation
received
,
proposed
indebtedness
reduction in
a
Senate
disclosure of the apparent attempt of the Securities
Commission to extend its regulatory authority to!
was
include transactions
matured
decline
the
immediate
more
and; Exchange
been
off,
The
in the financial
1|%.
on
I,
'
/ The
able
2V2%,
paid
which has occurred.
Stevens Point, Wis^
reported that
H. C. Shott, Secretary of the Board
.paralleled
nicipal -loans
.pay¬
multiple of
a
has
v-
■ •
have been
renewed/
municipal:, bonded,
1942?. /..Interest
to exceed
Humble), Texas
i
-
J.
*
•*
.
able M-N.
^Humble
they
-On
May 1 iin 1943 .to jl962 incl;>t
10,000 sewer system completion^
Due $500 on May 1 in 1943 to
1962 incl.
/
.
Of
past month;
that,offerings.of municipal issues
been-dropping steadily.As
have
with
that President Roosevelt, in his Labor
Day ad¬
dress to the Congress regarding his anti-inflation
program, took oc¬
casion to again ask for the elimination of
have
than
D ue, $500
has
connection
portant to dbserve
-
investments
-
$10,000 water works.
r
In
with
municipal
Cle|k,
extremely
approval prior to the submission to the
mittee's formal report oh the tax bill.
all
have been in¬
than
more,
debenture * issues
bonds have been purchased by R.
K. Dunbar & Co. of Austin. Dated
Sept.
;
received 1 until Sept/
p.m".' (CWT), by,' Eric
Village
total
in
$1,800,000,000
$1,600,000,000 in
1941,, $1,400,000,000 in June, 1938.
7..Main Reason for the. decline in
r
compared
be
7.30
at
the
banks
of/securities
for -the
purchase of the following bonds: '<•
/
,
K, Wilkinson states that $20,000
r'3%%
semi-ann. ' road refunding
;
were
'<
the
far from conclusive, as it was no more than
Moreover, the opponents of the entire proposal
confident of their ability to successfully resist its
was
tentative decision.
are
substantially.
On June
30, total investments of the banks
1
.
,
June, 1938.
period
same
subsequent, issues,
a
creasing
Offering—Sealbd and oral
will
the
classes
WISCONSIN
Schuetze,
V Bonds Sold—County Auditor T.
i
been passed
Schofield,Wis.'"\
Bond
Hill County (P;0. Hillsboro),
:
\
/ ;.//
J
%v/.
f"In
investments' of
recently authorizing, the issuance
of $24,809
improvement bonds.* "■'?
num-
Dated April
000 at the end of
ordi¬
An
j
■
$77,400,000..,, This compares, with.
$89,200,000 in 1941 and $110,900,-
-
—
;
No. 8, bonds
through 800.
Denom.
Authorized
is said to have
nance
num¬
Dist.
1
Bonds
■
Dist. No. 3, bonds
through 650;
* \
1
WASHINGTON
■
Issaquah Local Improvement Dist.
No. 6 (P. O. Issaquah), Wash.
911
—
1943-1962
120,000
100
2.30
1943-1952
150,000
100.48
1.1G
page
918)
'
"j;;!
I
t
;
-
-
J
(
I
"•
)
I
;
i
.
/
1
'
"i
i,
-
THE COMMERCIAL
912
The
certificates, the month's publicly offered se¬
ment trust
exclusively within the category of state and
curities fell
The public offering of the foregoing
corporate issue is the smallest so far in any monthly ex¬
municipal loans.
since
hibit
The
been compiling the figures.
have
we
six months of this year.
The principal
i
\,
issues placed during the month
Of the August, 1942, total $58,~
for new capital and $6,018,000 or
ported for August, 1941.
600,000 or 90.69% was
9.31% was for refunding purposes.
were
$35,000,000 Southern Bell Telephone & Telegraph Co.
2%% 30-year debentures, $12,000,000 Great Lakes Pipe
Line Co. 15-year 3V>% sinking fund debentures and $6,-
Mutual
the different monthly
amounts
1,
of any month's total ever recorded by us as having
been placed by the private route. The total for the month
Capital
New
1.
^
Capital
$
$
$
$
$
$
Total
Refunding
New Capital
Total
Refunding
debentures.
S
87,185,826
82,846,364
February
18,900,500
75,609,375
March
First
328,616,342
227,012,100
115,287,655
273,561,870
;
Mutual
j
186,112,817
—.Union
18,527,000
"115,641,003
5,806,500
108.898,100
63,874,177
>1,685,570
138,513,000
103.799,050'
135,326,541
113,00.1,268
146,650,400
f
90,916,785 •V 113,390,374
97,114.003
_r_-
173,464,550
257,345,640
804,100,237-
107,180,735
197,102,123
76,827,430
.—
'
137,994,832
211,341,581;
31,527,491
201,922,025
617,987 420
39,469,665
103,091,600
April
June
35,469,718
59,175,210
,260,976,300
.
192,497,442
89,787,130
84,280,300
Second
quarter—.
v;
f
,
174,067,430
'111,247,808
,
,
*350,000
?
,
499.512,854
months—-—-.
Six
158,733,668
378,254,222r
-
536,987,890
226,975,234
726,488,088
60,229,326
47,069,170
64,618,000
1,035,660,652 1,416,034,096
380,373,444
32,719,350
327,402,743
271,734,936
6,018,000'
58,600,000
August
74,427,157
,
401,829,900
34,264,713
161,391,300
195,656,013
322,446,837
731,183,463
185,778,049
65,594,785;
133,601,250
•
606,714,322
47,728,100
168,943,139
345,346,770
93,942,646'
62,198,558
334,579,682,
42,384,100
131,811,350
76,792,513
59,061,554
135,854,067
269,880,963
198,495,874
468,376,837
278,869,797
—
__7_<
December
'
——
quarter...—L.
Twelve
months—
by
six
;
which
Oil
of
/
Financing In August
OF FUNDS
Type of
Security
Accepted
;i
Total Amount
I
'. ' '
it
operations in August aggregated
$5,384,359,169, the largest amount obtained in a single
month this year.
Of the total $4,480,605,169 represented
new capital, and this was the greatest amount raised,in
any month this year with the exception of the month of
July.
Of the amount raised in August $1,609,327,000
was from the sale of \lxk months %% certificates of in¬
20-
$1,236,107,300 from the sale of
debtedness and
bonds
Savings
States
United
August
in
$705,498,769 and did not reach the $915,in July.
Because of the efforts of the
nominations it is
r
anticipation
note
Jndobtediin;;s
Refunding
1"
first three issues
Following is
150,058,000
2,220,000
388,179,900
————
5,007.960,918
352,511,000
450,256,000 ' 4,557,704,0 J8
150,400,000
202,111,000
350,648,000
250,692,000
90,956,000
352,409,000
251,726,000
'3 00.683,000
352,883,000
250,936,000
Jun
1
Jan
1
Tax
5
May
Aug 15
•.
1
Aug
antic'n.
{
3 01,947,000
a
summary
STATES
All of the offer¬
Total
for
7,031,000
417,944,10C\
August—
■
-
.Y'V
4,734,295,000
.—
July
Due
Price
$.
Total
Total
Yield
V
Julv
91 days
671,366,000
301,758,000
99.909
*0.360
3
July
91 days
300,056,000
99.908
*0.365
July 10
July
91 days
646,058,000
650,704.000
301,186,000
99.908
*0.365
July 17
July
91 days
697,266,000
351,861,000
99.907
*0.368
July 24
July
91 days
645,242,000
350,308,000
99.907
*0.369
July
9 % yrs
3,843,495,500
July 1—31 July
10-12 yrs
915,112,610
July 1-31 Jun
12 years
2 years
2
2,097,279,400 100
915,112,618
388,179,900
a
a
2,220,000 100
2,220.000
July 1-31 Jan
*27,391,000
8
Civil
months;
Service
Cmal Zone
In
we
5,196,440,000
-
3,915,832,000
July 31
Aug
5
91 days
352,511,000
99.906
Aug
7
Aug 12
350,648,000
99.905
711,549,000
352,409,000
99.905
*0.372
891,602.000
91 days
Aug 26
352,883,000
99.907
Aug
3
May
5
20-25 yrs
1.236,107.300
1.236.107,30C 100
Aug
6
Aug 15
11V'' mos
3,272,818,000
1,609,327,000
705,498,769
705,438,769
Aug 1-31 Aug
1
10-12 yrs
Aug 1-31 Jun
1
12 years
7.031.000
1-31 Jan
1
2 years
417,944,100
Aug
Total
for
Total
for
1,280,608,000
Foreign
Fund,
the
Government
Life
Service
Retirement
_
Fund,
tables
*0.372
years
2%
%
2
■
.
•s
b
100
5,384,359,169
:
•Average
rate
series,
rate
on
a
of which
discount ba^is at 75.
ity,
are
have
b
a
sold on
,12-yenr
Comprised
series
-—
bank
—
discount basis,
series
E
have
a
on
series F have
a
are
sold
on
$2,000,000 Wabash
due
discount basis, at 74, and yield 2;53'^: and series G
maturity. »re sold at 100. and bear 2%%- interest,
a
about 1.92%
a
year,
(Issues
Maturing
and series B, about 0.48%;
*
.V
....
....
RR.
series
1943-1952.
A 2Vs%
Purpose,
Myers
&
trust
Boston
mann
of
& Co.,
Michigan
Corp.
and Edward
Co.
mortgage AV2S,
by Lehman Bros.
shares
Originated
5,000
shares
Co.
of
capital
stock
with Smith,
(no
Bar-
of
stock
common
(no
shares
6,400
of
common
*,
Products
Corp.
Price
par).
&
Western
$25%
Co.
10,000
shares
share.
per
,
1,600
Ry.
$47%
Price,
Hill
&
Co.
$8%
of
com¬
Originated
.
shares
of
stock
common
-
Originated with Shields &
:
shares
share.
of
stock
common
Originated
with
(no
par),
Smith,: Barney
'
Inc.
(no
&
3,000
par).-
Co.
Standard
shares
of
California.
Price,
$21
per
&t
Indiana.
of
Price,
(par
•
-
.
'
•
'
shares
50,000
$25%
share.
per
>
capital
by
'
J.)V
$37%
•
,
(
of
Offered
Co.
Co. JN.
(par $25).
Price,
Read &
Co.
$1).
•
100,000 shares of capital
share.
Offered by Dillon,
'
Co.
$25).
Read
stock
common
Offered by Blyth & Co.-
.
Oil
(par
Dillon,
-
share.
per
Co.
9,900
per
4,360,120 Standard Oil
115,500 Shares of capital 'Stock
per-share.
Offered
by
Dillon
.
1786,250 United States Steel Corp. 17,000 shares of common stock
I (no par). Price, $4614 per share. Originated with Smith
Barney & Co.
Warner
<&
Swasey Co.
3,000
shares of
common
stock
(no.
Price,
par).
$14 per Share.
Offered by Smith, Barney
Blyth & Co. arid Fields, Richards & Co,
152,500 Western Auto Supply Co,-10,000 shares of common stock'
Co.,
$10),
Price,
$15%
share.
per
Offered
by
Allen
&
Co.
certificates,
Lowber Stokes &
(no
&
Oil
stock
.1148,500 (William)
new
Otis & Co.. Inc.,-Hornblower &, Weeks; First
28,700
Corp.
Distillers
and
Read
.
1,268,750
Later
equipment.
Priced to yield 0.90%
to 2.55%
according to maturity.
.Offered bv HaJsey, Stuart & Co., Inc.;: Ladenburg, Thai-:
unified
Offered
Co.
(par
of
net.
Tobacco
Glore, Forgan
&
equipment
purchase
of capital stock (no
Originated with Smith, Bar-
.
stock
RAILROADS
a
12-year matur¬
of four separate Issues, designated Treasury notes- of tax
tax
series B-d 943, series A-1944 and series B-1944.
earn
Notes
and
-
shares
share.
Co.,
Price, $9 per share.
Than Five Years)
A-1943,
Series A
Co.
Powder
27,000 Rayonier,
42,000
Bonds
stock
common
•
General
$62
$26 per
2,100,000 Standard Oil Co. of
Comprised of three sepa¬
10-year maturity,
and yield 2.90%;
Electric
stock
&
the August and the eight months'
29,761,766,514
of
Offered by Smith, Barney
(par $25).
Price,
j
Details of New Capital Flotations During
August, 1942
Long-Term
months
RR.
Price,
-
shares
Inc.
Co.
Co.
a
a
7,031,000 100
417,944,100
■
Co.
Liggett
186,625 Pure
Along with the full-page tables, we give complete de-^
tails of the capital flotations during August, including
every issue of any kind brought out in that month, <
0.369
100
Charles R,. Dunn, New
-
Line
1964.
Price,
&
par).
Railroad Retirement Fund, Postal
Insurance
the following pages
figures
those fol* the corresponding periods in the four
preceding, thus affording a five-year comparison.
comprehensive
deben¬
(par $100). Price, $154 per share. Originated with Smith,
Barney & Co.
*
/
'
3,98,800 Pittsburgh Plate Glass Co. 2,800 shares of common stock'
(par $25), Price $71 per share. Offered by Shields <fe Co.
1477,500 Procter & Gamble Co, 10,000 shares of common stock (no
,
August
8
Coast
A,
with
*0.372
Aug 19
91 days
91 days
594,007,000
Aug 14
Retirement
Co.,
7,000
First
137,509,000
Retirement Fund, Alaska
System,
compare
with
5.007,960.918
582.900,000
Aug 21
&
share..
1252,500 National
Fund, National Service
Life
Insurance
Fund,
Federal
DepositInsurance Corporation,
and
Federal Savings & Loan Insurance Corporation,
1
Savings
b
100
56,146,000
consolidated
riman
♦Comprises sales of special series certificates and notes; certificates
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal' Old Age and Survivors Insurance Trust Account,
2
388,179,900
—
Blyth
Co.
1246,400 Norfolk
%
26
J"ly
164,900,000
193,655,000
July
19,369,446,427
„
Co.
24,200
Price $40 per share.
mon
Accepted
Applied for
months——
100,000
56,046,000
Notes'
Everett
Price, $60% per share. Offered by HarRipley & Co., Inc., Spencer Trask & Co. and Lee
Higginson Corp.
2 12,500 Merchants Fire Assurance
Corp. of N. Y. 5,000 shares of
capital stock.
Price, $42.50 per share.
Offered by The
216,965,000
•"
—
debentures,
Purpose, refund¬
Smith, New York,'
1943.
Banks
Tobacco
per
stock
239,815,000
28,655,000
Total
18,525,000
28,675,000
165,000,000
i—._
August—;*
1942
235,490,000
268,490,000
Notes
Issues
consolidated
1,
Offered by
Cork
ney
Atlantic
&
22.850,000
Amount
Amount-
Dated
903,284,000
4
by
Credit
Price, $26
& Co.
par).
385,600
Certificates
in 1942;
DURING
10,150,000
July—
declined again to 0.369%.
FINANCING
3,831,011,000
33,000,000
months
6
%7i
Par). Price, $59 per share.
Originated with Shields & Co.
163,750 Insurance Co. of North America. 2,500 shares of capital
:
stock.
Price, $65% per share. Offered by Smith, Barney
S
$
first
Total
In the
Banks
Representing New Financing
and
1295,000 Hercules
$
privately
Kidder,
through
<
Co.
ney
Net Issued
Retired
Issued
Sold
par.
& Co,,, as agents.
"
FINANCING
*INTRA-GOVERNMENT
1912
Price,
.
t746,200 General
.
\
liquidate
1, 1942, $22,725,000 0.90'^ due July 1,"
$5,200,000 0.50%., due Dec. 1, 1942.
Purpose,
par).
844,000
are
dated Sept.
&
/';
while-pre¬
Purpose,
companies
due March
Offered
and
(par $25).
>
•
,
.
,
representative.
$968,000 American
4,480,605,169
>
par,
Government Agency
1942,
refunding. Price, par,,
York, fiscal agent.
6,692,313,600 23,069,452,914
months-,.— 29,761,766,514
8
recorded in the final
0.375%.
903,754,000
5,384,359,169
at
stock.
capital.
Intermediate
1182,000 Armstrong
■
taken
are
preferred
Loan
par.
Price,
Issues Not
1,609,327,000
705,498,769
7,031,000
417,944,100
notes
and
1,
$49,925,000
ty
of
group
a
companies.
:
investment
1943,
..
705,498,769
and
tures,
„
of financing operations car¬
TREASURY
Date
Total
companies. .'•••
...
,
value
working
Home
financial
.
1,609,327,000.
Loan
Federal
-27,925,000 Federal
1,236,307,300
1,236,107,300
loans,
ing.
388,179,000
91 day Treas. bills
91 day Treas. bills
91 day Treas' bills
91 day Treas. bills
2 % % Treas. bonds
Ctfs.
of
indebted.
U. S. Savings bds.
Depositary bonds-
...
8
group
a
sinking fund
privately with a
mtge.
privately -with
Insurance
par
4%
Co.
dated Sept.
2,220,000
antic'n." notes
Certificates
July
com-
,
insurance
Farm
201,803.000
150,125,000
351,861,000
350,308,000
Placed
and
Peabody Sc Coi and A. E. Ames
;
.
$22,000,000
151,113,000
150,073,000
015,112,018
July-
$1,408,451,000 of which
Reserve ceiling rate of
ried out by the Treasury
Jun
7
fund
oil
privately * to
1st
■;
'
at
to
1
,
200,183,000
2,007,279,400
Tax
for
from 0.369%
rose
last sale of the month the yield
July
•
by
no par
value and all classes of common stock
their offering prices.)
*
■
OTHER INDUSTRIAL AND MANUFACTURING
<•
.
300,056,000
300,056,000
915,112,618
1
July to 0.372% which rate was only slightly be¬
low the Federal
6
Sold
sinking
made
stocks of
bank
301,758,000
2,097,279,400
1
ings in August were for $350,000,000 each. Yields for the
first
314%
refunding.
Placed
bank? tmd insurance
..."
stated
a
*$2,050,000 Carnation
$
i
301,186,000
U. S Savings bds.
Depositary
bonds-
Total
$504,697,000 represented new capital.
Total
owned.
.
($1,200,000).,
series
Offered
-;
15-year
advances
OIL
; '
5-year, 2%%' 1st mtge. installment notes.
refunding ($1,000,000), general corporate pur-
stocks of
5,338,303,000 14,031,142,827
301,758,000
90 day Treas. bills
2% Treas. bonds-
July £9
July 15
July
5
Aug 12
Aug 19
Aug 26
in small de¬
v
•
•
19,369,446,427
90 day Treas. bills
July 22
Aug
in August aggregated
sales
Sales of Treasury bills totaled
UNITED
C.
A.
4.,.;
..7
STOCKS
•
$29,764,200 more than was sold in July.
or
8
July 15
Total
hoped that the sales in future months
larger.
—
90 day Treas. bills
90 day Treas. bills
90 day Treas. bills
1
July
July
months—
6
Jun
Treasury Department to market these bonds
week in
is
Purpose,
"
computed
JK
first
Total
Jan
Treasury bonds.
States
United
Tax
Dated
financing
$417,944,100
..V,,
.
12-yeart.3%%!
commercial banks
L
Now
,
be
3:,4-4»4:%: 10-year bonds.
plant'facilities.
Sold
mtge.
additional
Oil Co.
poses
•„
ferred
will
4
..
1,556,603,363 2,615,594,396 ' 736,382,782 2,026,195,056 2,762,577,838 -
1,058,991,033
USE
sold
,
.
*
institutions.
commercial
Purpose,
Treasury
112,618
•
'
•
(Issues Maturing jLJp to and
Including Five Years)
'• ,*'
*$2,200,000 Sunray
773,869,098 1,052,738,895
(Preferred
to
1st
of
OIL
Corp.
r-
•
■•••
.
of
and
(Cincinnati)..
Short-Term Bonds and Notes
,
Sales
Co.,
Canada,
debentures.
.
.....
financial
group
$14,300,000
—
amounted
Insurance
of
„
♦Revised.
year
Life
Co.
•
Fourth
25
,
Penn Mutual Life In¬
MANUFACTURING
U
J-
•,
.
—rT_.
Treasury
,
30-year
.
15-year
Corp.
Co.,
&
panies
396,778,240
89,427,250
October
November
•
,.
' 2% %
parent; ($31,000,-
Association for Lutherans- through
Inc.
■
'
.
,
v-
393,074,870
262,885,785
200,711,420.
3%
Allyn
debentures.
97,050,220
Insurance Co.
construction
*2,300,000 Sunray
,
—
103,661.200
Mutual
Assurance
Lakes Pipe Line Co.
debentures., Purpose,* repay
457,512,985 1,252,325,958 1,709,838,943
1.358,107,489 2,147,217.659
789,110,070
months——
•
,..
.
to
to Aid
of
Third quarter
Nine
($200,000);,
,
Snap-On-Tools
180,831,672
420,936,273:
Hancock
"■$12,000,000 Great
292,281,400
112,893,538;
-
68,006,465
408,736,626 '
<
—__1—1;
September
242,447;950i
Co.
$4,350,000
831,389,685' 1,103,124,621
x
49,833.450
67,938,134-
133,697,550
Interest.
Insurance
Purpose, liquidate
bank loans, working capital.. Price. 101.20. Sold -privately
to
13 insurance and investment companies
through Kidder, Peabody & Co., and A. E. Ames & Co., Inc:, as
agents, '
7"
j.v"
;
.
86,628,380-
.•
Telegraph.
advance
Insurance Co.,
Life
Life
privately
„
—-
27,509,976
•
Central
Purpose,
611,933,859
417,673,232
194,260,627
363,052.103
86,019,070
277.033,033
-
John
Sun
OTHER INDUSTRIAL AND
251,672,652
101,476,480
r
9,771,328
204,307,159
notes
:
.
&
repay
;
■'
•
Co.,
Co.,
$39,718,000
453,135,463- 566,136,731
•r
.
Telephone
Purpose,
Benefit Life
surance
46,004,059
and
Life
000), general corporate purpose ($4,000,000).
Price 98%.
Placed privately with Equitable Life Assurance
Society of
the U.
S., Metropolitan Life Insurance Co., Aetna Life
$
"
.
Bell
*$4,000,000 Carnation
' 363,435,985
222,479,821 " 140,956,164
_i—
quarter.:
117,794,420
39,209,300
78,585,120
„
275,687,665
52,928,677
45,549,770
86,634,370
170,032,190
56,708,875
20-year 5%
pay
company.
debentures.
—
January
bonds, due Jan.
105.02
Mutual
loans (S35.000), construction, etc.
($65,000).
Sold privately to a Massachusetts life insurance
*35,000,000 Southern
Total
»
Purpose,
bank
Pay
Insurance
Refunding
1st mtge.
Price,
through Benjamin Lewis &. Co.
Price, 101.
-*1940-
-*1941
<1942New
3%%
Connecticut
Edison Co. 3%%,
1st mtge. bonds, due Jan. 1,
1967.
Purpose, refunding. Price, 101.52 and interest. Sold
privately to Connecticut Mutual Life Insurance Co., the
sale having been negotiated
by Benjamin Lewis & Co.
*300,000 Southbrldge
(Mass.)
Water
Supply
Co.
314%
30-year
1941 AND 1940
BY MONTHS, 1942,
Co.
refunding.
with
1
time, particularly as additional private financing
brought to light in annual reports and other places.
is
SUMMARY OF CORPORATE FIGURES
Purpose,
privately
*550,000 Missouri
•
,
time to
age
1967.
Co.,
of
separate emissions aggregating $62,618,000 or 96.91%
of the month's total.
This is by far the largest percent¬
Co.
East Missouri Power
corporate financing as revised to date.
Further revisions
of the 1942 figures will undoubtedly be necessary from
12
Life Ins.
Placed
$33,626,671 for new money and $11,546,932 for re¬
funding purposes in August, 1941.
Below we present a tabulation of figures since Janu¬
showing
UTILITIES
Co.
of
tual Life Ins. Co.
*218,000
with
1940,
purchase
*1,750,000 California Oregon Power Co. 5-10-year serial 2%%. notes,
Purpose, refunding. Sold privately to John Hancock Mu¬
050,000 issues of Carnation Co., consisting of $4,000,000
3% debentures and $2,050,000 4% preferred stock.
ary,
disposed of through private sales comprised
Edison
10-year 3%, notes.
Purpose, invest
Montaup
Electric
Co.
common
stock
($1,275,000), pay short-term bank loan ($460,000), reim¬
burse treasury for capital additions
($165,000).
Sold to
New England
Mutual Life
Ins.
Co.
and
John
Hancock
in
,310 of which $44,742,310 was for new money and $2,630,000 was for refunding purposes.
These figures compare
slightly greater than the $60,299,326 reported for July
but $337,211,900 less than the total of $401,829,900 re¬
Issues
PUBLIC
*$1,900,000 Brockton
the monthly average
Municipal financing for August aggregated $47,102,-
corporate emissions for the month was $64,618,000,
total
with $20,320,850 or 33.7% so placed in July and
of $36,706,188 or 30.3% for the first
compares
has taken place in
for one small rail¬
issue, consisting of $2,000,000 Wabash RR. equip¬
emphasized still further the lull that
the capital flotations market.
Except
road
Monday, September; 14y 1942
Capital Flotations In the United States During the Month of August
and foi the Eight Months of the Calendar Year 1942
for the month of August, 1942,
Corporate financing
$ FINANCIAL CHRONICLE
(no par).
-
.
7
r
Wrigley Jr.
r-,
Curtis
Price, $49%
Co..
Co.
per share.
'
♦Indicates issues placed privately,
$13,943,995
....
'•
-
;
3,000 shares of
common
stock
Originated with Clement'
...
.
-
-
'
'
.
tlndicates special offerings.
.y
o
X
O
M
£
W
O
>
X
>
>
o
O
X
w
o
n
X
2
SI
3
On
ST
On
C
a*
3
►—I
S?
<T>
CD
Total
t-H
$
34, 50
3,142:56 1,8 7,0
450, 0
39,405 13,50 0 65,8315 419,85^1
■
-1938
450, 0
3,148,0 219,3470 10, 0 26,50. 0 71.0 , 0 1,450, 0 3,0 ,0
$
Total
21,4093 13,50 0 1,09258 235,6018
-1938 Reiundi g $ 21 , 4093
-
-
31,08 1,960, 0 10,740 1,07,485 16,50
34,5748 30, 0 18,2507 69,57032 461,2 517
Total
3,50 0 32,10 0 2,75,0
50 ,0
50 ,0 56,08
Refundi g 291,67 53 8,730 16,50 0
-193
317,462 1 18,250 12,9 63 348,6504
7,0 ,0
—1939 Refundi g 241,605
21,403 7 1,460 2,01 0 1,021,397
25,894 30, 0 56,734069 12,68913
Capitl
17,84 0 l,y24,872
50 ,0
180,3672 27,5 0 75,0198 283,7561
Total
25,60
R9-140 eiundi g 108,470 4,207938
12,8935 27,5 0 14,26591 154,68 49
New
$
Capitl
$
Total
$
New
16,059
$
$
New
-Total
52,610 13,4268 1,89 27
$
396,5490
1789",157
-1941 Refundi g 72,530
Capit l 32,8490
$
Total
S
60,380 2,0 0 2,05,0
Refundi g 5,018,0 1,0 0
$
■
—1942
Capitl
New
$
5,30. 1,20 0 2,05 0
74,2 157 25,40 1,546932
327,40
CONGORRPEUFPWAITE
6,018 0 49,250 2,630, 0
Grand
,
Farm
United
8,730
1,567,485
1,520 1,8743 7,40,0 25,76 0
50 ,0
50 ,0
8,730, 0
56,08
8,7608 7,0 .0 250,83 0
21,403 47 1,460
1,460, 0
50 ,0 4,250, 0
1,520 3,01397
1,5 1,397
5,067,485 32.10 2.75 0Q
56,08
1232148,,,645307597380
42,70.
20,6 53 2,50 0 37,0 0 317,462 1
5.01,397 12,03.47 250, 0
40 ,0 1,930, 0
50 ,0
50 ,0 5,7 0
♦Thes
25,894
16,059
15,892 0 2,149,872 1,530"6O ~ 2ob~6 19,726 39,520 5.42,80 15.0 0 39.872 35,0. 167,0 1,530, 0 20 :5 180,31672
108,470
2,890 38
25,60
52,610
13,0 862
2,1427
~
33
7 ,0 0
4, 6538 25,30 0 25.10,938 12,0 13,27560 35,0. 1.530,
1,530, 0
20 , 0
5,475,0
5,475,0 23, 0 , 0 309,7 90 3,4 0, 0 1 ,075 0 40. ,0 245,0 0
14.06,0
396,540
72,530
1,897,157
1,89715
71,6250 2,49715 245,0
60,0 0
Capitl 23,0 0 238,049 3,40~6O 5,0 ~0 40, 0 14,0 0 32,8490
3,57 ,843
3,57 843 23,0 0 238,049 3,40, 0 8,57 43 40, 0
2,05,0
2,05 0 2,0 ,0 39,7180
6,40 0 16,50
2,7180
3,0 0
2,05 0 2,0 ,0 37,0 0
6.40 0 13,20
~~
90, 0
New
Total
$
245,0 0
23,0 0 309,7 90 3,40, 0 5,60,0 40, 0 14,06 0
Refundig 71,625~0
-1941
$
60,0 0
60 ,0 245,0
$
New
Total
-1942
39,40 5
1,250 4,95 0 3,148,0 49.65,30 5,730 25,46 57 38,10695 1,350 3.0 ,0 1,250
2,0 0 39,7180
4.350, 14,30 0
60,380
2, 0 , 0
2,0 0
Refundig 2,718,0
2,30 , 0
5,018,0
1,0 ,0
5,30
1,20 0
1,20,0
15,326 4 14,290 30.21,86 3.0 , 0 20,147
"
1,0 ,0
4,350 12,0 0
20 , 0
$
$
New
2,0 ,0 37,0 0
2,05 ,0
14,0 0
AOUGFST Boands
MONTH
12,89743405,1627,82195
327,40
64,180
6,018,0
58,60
5180,37320Sbatonyeids Notes— etc— manufctrig — htoeraldtcin.g, Notes- :etc manufctrig —1 heotrlatdcin.g, —etc.:— manufctrig— heotrltadcin.g, etc. :manufctrig • — heoltdcin.g,
AOUGFST^^ "•— bonanotdedss : stock.—• stoc_k- " bonaontensd—d:s —- stock——-: stock- foreig-n— bonanotdedss ::1stock stoc—k! :corp~ate-Governm:t-" forgoeveringmntGaavcnis—d,&♦Municptal—.Ste,s,PSo;stea«iens toal fidnuficngludooresets
MONTH Domestic— Long-term Short-em Pref red Com on Candi — Long-term Short-em Pref red Com on Other Long-term Short-em Pref red Com on Total
Candian Ot er Loan
Corpate—
3, 9i:50
90, 0
Capitl 14,290 17,230 3,0 0 18,0
CAHANRDTE Capitl
58,60 4,72310
1,250, 6 4,95 , 0 3,148,0 219,3470 10,380 29,8 150 71,0 .0 1.450.OQ 3,0 .0 1,250, 0
1,960
7 ,0 0
$
3,62 71
64,180 . 49,250 47,1023
3, 91:50
41,250 329,580 1,960
39,520 39,50 15,0 0 31,250 35,0- 167,0
$
$
401,829
SOUMFARY
3,50,0 12,03 47 250, 0
318,0
123,047
20,6 53 2,50,0 37,0 0 308,17653
13,250 35,0
-1940 Refundi g 25,30 0 2 ,3 0 12,0 0
25,40 45,17360
New
40 ,0 470, 0
$
New
67,93814 60,75318 129, 312
1^602^843 1,975,0
7,40,0 24,075
$
S
50 ,0
3750 , 0 1,975,0
$
FGCOOVREPERNIGMNATT,,
;21,40-93
New
Y1413762,.,09453850tGFfohrevcadomrgunnmipallyesFMOASTEUITUISHGVNNRHIERSED
YUFOATMFEIFLIANSHVUORCGRRPDMN
Capit l
5
318,0 0
34, 50
3,0 0
3,*142^50 1,8 7,0
Go
to
10 ,0 0
169.381,70 4.5 ,0 4,24,925 32,689305
Capitl 3,1480 49,6530 5,4 0 2,075 38.10,695 1,350
Capitl 123,047
-
$
»—1
10 ,0
Refundig 169,38 70 4,5 ,0 4,2 95 32,689305
128,63570 54,82093 183,5 63
$
Total
*
t-1
•t
etc.
BSoahonnrtd-Tdesm '.R—ailrods utiles ccospoteal,,l,Emqanuuficptmresent anoid- inadunstrdl : bueiltdcn.gs, - : trInuvesstmn, Miscelanou Railrods:utiles ccospoteear,l,l, Emqnuufiptment aacesnori-d inadunstrdl beuiltdcn—_.gs, '——•: trIunvesstmn, Miscelanou utiles ccsopoteal,l,, mEanqufucitpremsent anoid inadunstrdl beuildtcngs, ttrrauIndvesisntmg,, Miscela—n—ou sceocrupritate
: ccopoaerl,, manuft acesori inadunstrdl buildngs, — trInuvesstmn, Miscel—anou
Long-Term Railrods Putuilbelsic Equipment Maontdrs
Isroten,l,
Other Land, Rub er
Oil
Ship ng
Public Iron, Mot rs Other Land, Rub er
Oil
Ship ng
Stocks-
Public Iron, Mot rs Other Land, Rub er
Oil
Ship ng
Total-
Public Iron, Mot rs Other Land, Rub er
Ship ng
Total
.
~
J
_
;
.
1
]
.
.
■
.
etaropc
,st urt
dna
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■
RETCAH
weN
..."
065,17 4 -6,0871 0 ,59 0 ,5102 05,473801 68,1049 0 . 0,3 0 , 02 .:02416, 0,872 latipaC
$
v
g<
485,2176 0 , 4 05,1362 05,290 017,52 4 420,7481 058, 95 4.97,2187 0 , 04
075,296 42,01 0 ,0 1
097,8652 0 ,04 05,1362 05,291 041,384 08,351 058. 9,5 gnidufeR
0 ,0 1
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FO
f
038,241 0 ,02
:053,1627 60,O281 60,59 05,64 0,3821 6:058,32 0 ,03 0 ,02 0,867432 058,73 -latoT
0 ,02
WEN
;*•
•
"
753,4857 769,046 0 ,052 0 ,045 0 ,957 0 ,3590 59,2019 0 ,4 3 0 ,016 04,635 0 ,72491 435,28 728, 27
761, 75 045,8 1 53,27681 530,8271
yb
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mret-ohS/. mret-gnoL ngierof nomoC derfP mret-ohS mret-gnoL —naid C nomoC derfP mret-ohS mret-gnoL .Domestic— SHTNOM
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Volume1 !156
THE
Bank clearings this week show
v
with
a
COURSE
compiled by
us,
is
:
.
Week
-'
.
St.
/
the
jn
337,000,000
380,000,000
212,635,746
+
4.7
95,000,000
+
1.1
—
City
—:i''
'_Zl——
Francisco
96,000,000
125,214,000
134,413,933
129,187,110
Pittsburgh
Cleveland
>•
110,288^00
/
__—
—14.8
147,061,000
,
;3.9
—
119,653,203
v
—
.7.8
In the
following
1
\
$4,236,990,806
$3,621,188,629
five. days——.
cities,. five < days__
Other
+ 39.0
59,397.671
82,539,812
__
1 Ten'cities,
X
,
"
1st
New
3d
Philadelphia!/——:./.™—
1,086,146,823
1,076,070,825
»
—14.5
.
0.9
+
,
cities,
—11.4
1,334,956,165
1,241,467,090-.:
day—
one
$5,313,061,631
$4,707,335,452.
Tot. all cities, five days
All
7.0
—
Total all cities for week
Richmond
Atlanta
the
issue of next week.
as much as the week
foregoing will appear in our
We cannot furnish them today, in
A. Our
8th
st.
*'■'
•
,,.
.
.
.
-Month of August
1942
;
v
Canada
bonds™
:
A V .'•'••'■
-
-
/AAA
■
A /
.
:___4
111. cities
—i_
for the entire body of
the
1942
of
aggregate
New
A '.A-'/* ://
York
Reserve
11,211,000 "
J 7,071,500
84,785,500
I
1,431,000 /
448,600
1st
5,613,400 "
13,832,000
■
bonds
$159,938,300 $140,157,000 $1,391,355,900 $1,426,460,000
The volume of transactions in share properties on
the
New York Stock Exchange for the first eight months of
1939 to 1942 is indicated in the following:
.
Of
January
12.993,665
—
1941
.■
No. Shares
No. Shares
^
:
Month
+
1942
,/' A ••'
(
;
1939/
No. Shares
15,990.665
25,182,350
10,124,024
13,470,755
16,270,368
13,873,323
24,563,174
29,507,254
32,406-,179
45,731,788
<11,186,760
26,695,690
20,246,238
7.229,097
.9,667,050
38,964.712
12,935,210-
7,466,443
10,461,813
15,574,625
11,963.790
22,284,837
31,314,623
81,235,027
51,792,091
63,729,802 126,966,815
108,764,085
8,969,195
March
8,587,828
Quarter
totals
5th
Richmond
_!
June
•_.
2nd
_
Quarter_
4___—
18
"
9
»r
.
10
St.
9th
Minneapolis
v
Louis
'
The
—
_
17,872,807
18,067.920
17,372,781
7,304,820
10,874.650
8,373,550
7,387,341
_______
August
7,614,850
of bank clearings at leading cities of the
course
country for the month of August and since
each of the last four, years is shown in the
Jan. 1 in
subjoined
statement:
:
-
•
^
"
:
(000,000
1942
*
3oston
•//"• V
:
>—L—_____—1
4
Fran._
886
10,540
9,182
1,734
19,049
17,113
374
354
,
Federal, Reserve Districts
1st
Boston
2d
489
3,122
New
York
4,505
3,798
5,013
2,272
591
830
"/ 630
634
7,057
5,896
324
286
3,907
3,449
342
•256
234
3,132
2,592
2,103
421
391
4,958
3,952
3,243
481
418
5,971
4,853
3,627
306
3,315
2,822
2,451
153
2,131
1,749
1,388
•
1,197
777
548
417
8,135
5,786
3,905
226
152
141
1,912
1,682
1,232
1,210 / 1,038
1,001
392
60
luffalo
214
543
61
•
92
88
•138
136
117
112
1,743
1,284
135
131
1,317
,
V
A
.1,067
76
189
1,987
72
1,114
t 989
253 1
184
162
2,433
335
67
-
54
"
64
754
46
83
98
44
500
9th,
2,517
3,280
33,324 30,063 23,361 24,962 264,103
842
add
now
620
;
I,267,262,283
644,674,087
1,043,282,405
+ 17.0
2,949,108,739
.
:
599,881,853
750,746,694
634,415,448
+ 15.2
2,232,331,610
2,049,776,628
+13.9
610,858,930
572.452,150
476,577,260
*•
A
is v''' •.
(
1,823,118,393
+
:
759,467,857
508,197,756
1,165,288,601
+ 17.5
514,862,708
1,112,144,860
33,324,461,792
17,860,342,893'
•••',
!|
29,997,427,796
+ 11.1
23,361,873,562
24,961,692,543
,
15,838,702,760
+12.8
II,974,271,838
II,324,361,453
1,927,429,045
/
1,275,709,396
1,411,563,014
••
7
.
1,753,638,152
8 Months
9.9
+
k
8 Months
1941
12,341,303,836
"
Inc.
,19,9.16,326,695
•
/
8 Months
"
17,556,209,255
:7,611,510,836
6,652,407,585
M
19,998,476,941
7
"
7,683,168,008
6,585.029,129
+ 20.0
-
8,991,378,378
8,660, 442,101
108,391,782,138
113,717 834,748
14,678,194.194
13,532 723,885
11,337,864,765
5,264,026,579
v/
+ 10.7
8,102,029,053
"
9,829,664,482
26,281,893,003
//
5.3
+
■■•■■>>
14,626,949,442
"
1939
$
+ 14.2
17,988,474,493
8 Months
1940
:////;
122,722,978,363
,
or
;V" Dec, fo
■
10,810,891,116
129,201,083,567
"
.
10th Kansas
—
16
4,603 472,252
.
'
i
+14.4
,
+ 21.3 •••/
9,848 572,403
6,260,913,720
A
5,628 ,100,878
17,948,560,956
15,843 ,187,541
5,113,137,192
+21.4
.
*' A
8,886,483,338
It
"
6,167,618,149
I
19
"
13,408,346,140
+16.7
4,444,310,613
5.220,001,566 ://
18
;
,City
—
Francisco
Total
—
—
190 cities
-
Outside
N.
Y.
"
City
y. '*
•
Canada
4,670 .663,183
»
+17.5
.
+
+24.1
22.9
'
3,459 010,029<
5,893, 422,473
4:307,782,002
-
+18.5
.
3,881,542,608
6,226,774,480
:
/
7,229,582,286
.
5,205,866,180
(
A
'
3,978 348,837.
•'
9,012,604,907
8,264 280,706'
■-.;/ +1Z.3 A-'/
201,414,561,919
198,100,059,036;
+19.5
96,862,622,635
88,041,328,352
+15.2
11.805,129,903
11,108,374,521
10,807,736,996
:
264,103,608,875
235,174,732,197
•139,752,386,971.
;116,906,988,104
15,816,854,421.
:
l *'i>V A.-fv;- /•>/•.*;.-
•
.
13,732,445,654
32 cities
/The following compilation
covers
our
1942
Month—
■ ■
/A-:
January
97,053,888,077
-<—:
-
.
Lowell
-
Bedford
—
———
Worcester
April.
May-
32,625,070,232
532
491
June..
A 34,535,148,648
Quarter-::—;
98,983,471,812
179,145
18,955
:!'!;'/Z:,
1st Half————_/
>
—
Waterbury
—
——
—
X.—Providence
H.—Manchester
;
196,037,359,889
July^
August——A/-:/—
i
A
6.2
+•
A
6.7
"
51,072,475,456
•
17,080,878.994
-v
——
——————...
(14 cities)
Dec. %
A '/A: >/.'
'
.
$
•+
+
1,838,852
—
7
3,
i
r
$
"'Z:A*
*•■>
8.1
52,419,089,664
45,732,930,444
+ 14.6
176,181,026,151 ,/(
;
+ 11.3T
+
<103,491,565,120
10.3
3
6
Dec. %
•/ 1942
17,860,342,893
$
>"•/
1941
t
10,540,738,035
9,182,262,396
+ 14.8
$
>
28,535,677
32,004,436
/
10,436,153
+
0
A
53,900.504
/ +
'
90,658,413
7,190,000
•
61,170,400
+
"8
+
8
,
1,364,774,140
—17
+
7.9
87,397,286,150
+ 18.4
+ 13.8
704,443
446*454
340,888
+
3.4
+-
2.9
975,301
796,269
+
8.5
3,931,087
-2,979,195
+
5.2
2,391,599'
1,901,786
+
714
15,194,234
+"-11.8
5,753,884
86,214,516
,
-
•
466.390,226
200,356,350
•179,189,944
;
62.387,700
543,379,200
n
497,712,500
21,345,159
12,341,303,836
+ 12.8
15,838,702,760
/
~
•
22,037,556
10,810,891,116
11,736,112
i
4,473,108
—
,
—
1939
1940
/';!'/ ;
5.1
$
658,314
v
493,376
1,847,389
1,947,404
27.7
190,495,343
188,731,396
+
.
575,544
+22.7
571,955
273,174
489~816
"
"
+
9.2
16/96,800
1^859,600
3.1
688,686
639,300
329,155,238
254,627.741
+ 31.0
-
22.5
648,939
561,814
+ 32.0
2,848,522
2,540,148
23.8
1,629,579
1,619,962
9,881,516
8.415,317
3,760,638
3,527,343
+ 49.1
8/81/00
8/64,600
7.7
473,624
424.123
+ 29.3
221,973,982
217,487,254
+
+
+ 29.5
+
28.6
A...
8.3
■
3,139,284
-
+ 107.2
2,172,300
217,233,507
28,506,356
57.232,800
—15
v
864,554
+12.2
+ 14.3
122,272,972
*
500.960,926
"A'--
16.1
16,232,989,849
•
or
Dec. %
,
14,697,639
.
■
6,098,500
5.9
;
8
'•
22,853,909
+
14,487,547
A
27,666,690
132,678,976
years.
Inc.
791,233
277,461,404
,/
+ 11.9
Inc. or
1941 r.
750,805
4,500,430
Z
+•
/.
Week Ended Sept. 5
■•
15,196,894
+
'
18,476,684,892
.
+ 11.1
29,997,427,796
;
16,557,044
4,000,326:
+ 15.9
14,733,528,858
+
+ 66.8
-—18
1,620,639
21.0
+ 22.6
-A
+
.rf-v.
'
+
Z
+
82,213,549
2
41,664,355,706
15,569,522,903
23,982,338
>
/
-15,429,878,683
25,392,203
'
,
.
17,267,717,215
137,136,710
8,
14,259,021
10,520,045
58,604,926
24,840,258
1,472,114,573
—
+ 103,
3,572,873
/
WWW
4,133,814
66,550,600..
2,601,239
3,207,912
11,327,973
1,166,256,294
+ 23.2
14,791,413,387
18,070,493,455
'-••-
;
A
23,085,387
1,250,834,165
3,691,379
A
+ 23.7
+11-2
.
31.558,268,905
33,324,46.1,792
A':-
•
:/
'
•-1942 r
•
%
$
/
14,327,368/53
12,545,574,166
17,721,239,974
15,452,159,925
.
—.Jan. 1 to Aug. 31
.—
—
1941
,
A:*--
$
' A
•
91,583,717,154
,
-34,817,993,128
,
+
30,565,391,860
31,052,412,164
/•
9.9
•
17,899.075.557
A:
15.1
'
A/
+•■'/
+ 14.7
<
29,965,913,130
31,823,252.932
;
+
+
375
1941
^116,945
*
—————■—-
Haven
+19.5
,
•;,, ,.'-.
84,597,308,997
1st Quarter.
1,167
$
1,787,888
—
Dnn.—Hartford
-
30,427,690,530
411
2,923,534
Springfield
A
AA
%:yr:
A: A
29,012,468,197
25,157,150,270
:—
630
1942
River
Holyoke
-Clearings Outside New York1942
'
A: 28,959,129,231
*
CLEARINGS
All-
1941
$
,•
589
Month of August
————
'ass.—Boston
A
Total
the week ended Sept. 5 for four
detailed statement showing the figures for each: city for the month of August and for
e,—Bangor
Portland
,
.
.33,436,748,723
February
March
$
-Clearings,
AAA/'
34,658.010,123
_A
•___—
;
.<
the clearings by months since Jan. 1, 1942 and 1941:
1,288
/
466
;
MONTHLY
//•
;
:\'
y
——
688
237,832 201,414 198,100 '
96,862 88,041,
A •A/1!A/y.-'
AA
;.!-;!-;'.;;•//■/'!•
Total
I,464,155,876
+ 16.9
+ 17.2
699
'
11,324 139,752 119,564
17,860 15,904 11,974
Icarlngs at—
A
First Federal Reserve District—Boston—
.
+ 11.6
861,616,922
16
Minneapolis
Loufs
Inc. or
w
1,818,978,820
1,998,111,169
•
9
'
New
1,037,879,164
14,079,658,465
1.820,111,428
984
22,612 235,290 212,644 180,735
20,679
25,188
28,813
2,350
26.783 20,844
3,653
.
New
1.038,235,318
11,822,248,675
3.4
638,330,777
1,551,718,366
18
;
Chicago.
St.
2nd
29.671
Fall
7.9
9.1
+
800,856,078
1,355
1,804
Jeattle—;—
Total all
+
-F
801,672,279
1,381
1,697
77
1,060
936
1,034
■<
/ 831 A"
941
82
177
117
4
>.
1,213
107 -
11JP' A 106
270"
•
684
1,189
1,465
.
227 '
ndian'polis
;
760
819
1,008
175
Memphis—
58
498
'
147
:
tiehmond—
We
1,613
43
A 188
193
lartford—
126
48
104
■
163 J
C'y
A 133
164:
;■
126
Out. N.Y.C.
1,364,774,140
2,398,662,948
496,687,356
;
^
.—
349
Jilwaukee-
r
August, 1939
/
5.6
17
1,143
221- :
Other cities
$
+ 20.7
3,199
243
'rovidence-
L.
,
1,020,590,357
1,293
salt
August, 1940
,
'675,542,661
_14
8th
2.16T
156
Denver
Dec. Vo
or
14,696,349,279
t
•
1942
.
Richmond
Atlanta
3,126
315
224
__
Iricr.
//A/;/;/:'-;:
,7
.
3,037
416
Paul:—
August, 1941
A.A7$
A/
1,901
565
c
688
5t.
of 11.6% and Boston of
31
5th
4,693
2,697
5,842
7,068
792
446
274
___
—
17.0%.
phia also had gains of 5.6% and 3.4% respeetively.
1,231,758,689
■•
___
6th
2,886
432
)ma.ha'
in¬
«•
32 citiea
—
Philadelphia
Cleveland
12th San
762
—
!: /
of
16.9%, Chicago with 15.2% and
an improvement
7.9%. Minneapolis and Philadel¬
.
s
Dallas fol¬
and Atlanta
"
14 cities
3d
7,394
Orl's_
jouisville—
17.2%
12,840
tfinn'polis_
Detroit
of
834,869,912
640,012,787
•
—
4th,
7,606
Cleveland—
lew
increase
an
20.7%
St. Louis with 13.9%. Cleveland showed
$
13,933
400
City
with
a
the 17.5%
was
Richmond followed with
In the
'an
City Federal Reserve District with
The nearest approach to this level
We append another table showing the clearings by Federal Reserve districts for the eight months for four
■:;/:/A/A;^r:,/;::/: A ;;.;;//■<///./,/^/AaA;://!//;///.: Z.; -■/-y::-'.A/;A:+/
- /, /;//+//A:/;A:.-; Z;
;;//a/!:/
■;!A/./
<,
11th Dallas
685
Cincinnati-
409,023,703
years:
9,877
3,844
4,584
$ >:•;
110,059
10,943
942
,
Jaltimore-
Cans.
875
1,730
12,935
525 t]
888
>ittsburgh_
5an
1,307
13,943
1939
y-
$
$
1,289
■
2,034,481,096
336,736,281
;:A;A
+23.8
gain reached by the San Francisco District.
lows
-950,705,016
:'
.190 eltles
.
5.181,981,604
2,209,233,538
•
.
"
!__
City—
A
4,491,578,221
•
19
/
Y.
7th
31"
*1940
124,351 118,268 104,552
13,637
493
580
Louis—
5t.
'/A
$
•
11,388
2,280
2,380
——
$
•$
$-
14.159
1,678 ' 1,710
1,250 y 1,166
Chicago
Jhila.
A
$
15.464
York_
tfew
■■7/Ac/A
-j; 20.7
'
1941
1942
1939
1940
1941
-
Jan, 1 to Aug.
—-Month of August
omitted)
.11.1%,
1,220,939,832
3,396,871,560
•
July
+ 22.5
««
:
:
;
185,683,439
n
vf: i'
Canada
60,170,362
266,922,932
18
City/—
N.
...
58,365,636
v
7
_—
Total
100,074,590
121,030,767
'
16
:
12th San Francisco
*•
gain.
1,007,023,820
•*
'•»
in¬
an
2,229,685,343
»
**
8th
f
r
•
111,099,207
105,895,650
121,533,706
+34.6
the Kansas
1,472,114,573
16,035,480,690
2,480,365,137
17
31
11th Dallas
.
$33,324,-
showed
*♦
14
•
Chicago/;——
,
Six months
;
7th
10th Kansas
•
August, 1942-
6th' Atlanta/—"™.
Outside
May
of
Whs
Philadelphia "
45,145,238
7,925,761
April
was
been
14 cities
Cleveland
63,618,847,
7,589,297
February
1st
1940
/
No. Shares
13,312.960
_
2d
3d
4th
;
'/
+28.8
413,456,250
-
The highest percentage Was attained
by
Boston v—
New York "—
;
2,823,486,820
.
.121,258,489
+19.2
5,564,986,324
/
131,254,805
343.806,253
+38.7
76,688,256
<
\
clearings for
clearing houses
the
r
117,003,69a
.335,786,535
+ 26.0
302,571,569
511,731,500
clearings having
District
;
236,444,396
.
.141,956,478
-/,
+21.1
.
327,962,939
262,504,779
.130,125,593
+22.6
l
f
.
.344,464,842
+25.5
'
105,560,000
w
*
/bonds
7
9.1%.
+25.6-
142,069,892
164,138,010
;
3,229,963,894
.
+38.5
i
167,298,557
<
3,408,514,460
Federal Reserve Districts
bonds
<
of
crease
;■
-
•
r
6,816,65ft. 560 '
•
3* cities
:
;
2,380,789,601
217.487,254
•
•'/•
179,764,851
205,758,993
423,872,180
;
407,379,976
the month of August. For that month
there
92,468,259
67,552,982
V. S. government
.-
"
•'I y.
.
$
221,973,982
+ 24.0-
V
353,636,427
'
98.786.826
;
1941
Foreign govern't
Total
i'
We also furnish today a
summary of the
A'A'*'.•:
$152,418,200 $127,515,000. $1,300,957,000 $1,307,068,000
Railroad & misc.
"
"10
i-
Bonds
•>.
.-
'*
:
:i
1939
+29.3
438,459,122
;
252,190,572
-513,325,527
"210,730,103
169,387,926 *
227,686,683
461,792 and the 1941 aggregate $29,997,427,796.
10,874,650 /
7,387,341
■
■
1940
'
2,855,700,726
/
550,794,791
/
.
Btock. number of
shares
i
Dec.
or
■
225,530/78
"
Y. "City
N.
,
1942
L_
Inc.
254,627,741
,
489,945,913
•
A
?♦/"'/
6
—~u_———_r——_—
Outside
Eight Months
1941
.
"
.——10
—
'
■'?.
i
A
'
Pity
.
Total
AA
•
-
17
1941
V;
3,541,745,827
3.10
„
7
Francisco
crease
Description
"
—™_/
/.-—Z*
-V-
August and the eight months of 1942 and 1941
follow:
"
e
Minneapolis
11th Dallas
CLEARINGS
TP
,r
Louis4
10th Kansas
usual monthly detailed statement
sults for
10'
:
/—/
increase of 19.2%.
an
$
329,155,238
••••
'*
!;
—_
Chicago;'
7th-
of transactions
the New York Stock Exchange is appended.
The re¬
on
12
Cleveland
5th
:
7
4th
—10.5.
$6,648,017,796
$5,948,802,542
Complete and exact details for the week covered by
-•
''
12 cities
York
12th San
•
'
Boston
9th
]t
with
1942
AA//.
r
2d
6th
•Baltimore
Districts
pe¬
Philadelphia managed to enlarge its totals by 25.6%, the
Richmond District 25.5%, and the Atlanta District
by
22.6%. .In Chicago the. increase recorded was of 21.1%.
Minneapolis had the lowest percentage in the country
SUMMARY OF BANK
■
Reserve
34.6%
same
summary by Federal Reserve districts.
Week Ended Sept. 5
Federal
was a
the
over
riod last year; in Boston the increase was of
29.3% and
in Dallas and Si Louis of 28.8% and 26.0%
respectively.
Outside, of this city there was
clearings at this centre
we furnish a
District. In San Francisco there
gain in the volume of checks cleared
having recorded art increase of 24.3%.
We group the
cities according to the Federal Reserve Districts in
which
—14.3
110,650,310
week ii/ 1941.
same
of. 24.0%.
eral Reserve
increase of 20.7%,,the bank
—11.3
182,125,694
■
—24.8
115,803,559 V
•
337,722,078
appears that in the
(including this city) the totals show
The best gain was had in the
Kansas City District with a 38.7%
gain. The nearest ap¬
proach to this level was138.5% gain in the Cleveland Fed¬
—17.1
254.110,088
Z__:
Louis
Ban
l,
%
:
$2,640,456,865
l:u__————
/
week,
'
A
V
1941
$2,188,920/60
-
—
Kansas
A
1942
w
New York
Boston
the
TELEGRAPH
BY
-RETURNS
clearings-
//•.•
Philadelphia
for
>*(
Ending Sept. 12
Chicago
Friday
ended
week
comparative, summary
located, and from this it
are
increase
an
has to:be estimated.
cases
.In the elaborate detailed statement, however,, which
present further Mow We are £ble to give the final
and .complete results for the week
previous—tha week
ended Sept* 5. For ^ that week there was an increase! of
22.5%, the aggregate of clearings for the whole country
having amounted to $6,816,659,560/against .$5,564,586,324
an
.follows: A/
•
the
for
decrease
a
Our
they
New York District
Accordingly, in the above
press.
.
,
there
going to
915
C L EAR INGS
not avail¬
are
we
10.5%; below those for the corresponding week last
/year.
Our preliminary total stands at, $5,948,802,1542,
:against $6,648,017,796-for the same week in 1941.
At this
17!l%.
B A N K
the last day of- the week in all
be
center
OF
Saturday and the Saturday figures
able at time of
,based.upon telegraphic advices from the chief cities pf
the country, indicate that for the! week ended Saturday,
-Sept. ; 12, clearings from all cities of the United States
from which it is possible to obtain weekly clearings will
:of
ends
decrease compared1
a
ago/ Preliminary figures
year
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4107
—
+ 14.2
•+
-j^v
? kv:;,
J *
o
;;
-r
-Month of
-Jan. 1 to
August-
Inc.
or
'
\»
1942
■
.
$
* '■>
,
i
2,876,029
Mr,
15,464,118,899
42,172,312
-
r.
25,465,207
Conrv—Stamford
j^Montclair
*
.
1,817,251
Newai.k
14,696,349,274
Third- Federal
«;•
*
.'
'
'■
•'
.
"
1
'
'
-
1
'
Bethlehem
■
;
Chester-
__
I-"
■
_
Philadelphia
Reading
_—
Scranton
York
;
—
j!
+
582,180
586,204
593,776
3,147,500,508
7,210,056
«
3,658,593
4,503,419
3,294,123
.
.
;
6,515,648
4^798,906
.
3,584,203
',
J.-
•' .401,717
305,126
>'.22,844,310
19,678,319
, .
29,592,829
22,544,631
■
r
.
>
342,743
322,908
•
14,340,757"
„
3,689,309
*;■
•*
I
il.
19,249,671
•
3,229,963,894
315,219
-O >
•
+
0.3
+
3.2
—
8.3
22,290,953
169.173,166
22,800,345'""'"
2.4
184.^8Q.8fi2
—27.0
9,625,675: r
5,346,371- v
;•
v
•'
5.623.481
1,729,819
42,423,975
56,399,798
..
150,278,400
"
2,300,800.
168,740,700
.
'
+
3.4
6.3
17,988,474,493.
19,916,326,695
+
-
•
109,112,470
327,962,939
>
Ohio—Canton
*,
Cleveland
762,712,892
341.678.394
■>
Hamilton
Lorain
3,752,353
1,161,342
•
"
9,598,574
Youngstown
Newark,
f
;
Toledo
V
Oil
55,263,893 '
210,528,545
10,751,964
..
.
9,075,996
•
"
1,188,710
—24.3
,:
+ 12.2
:
10,108,948
+ 10.7
11,505,295
+
"
" '
7,068,443,545
;
;
7,919,713
5,840,703,046
72,451,631
7,473,764
.
.
-
,
83,570^68
■
'
106,475,307
87,489,796
+10.5
65,386,846
7,557,086
8,513,175
—11.3
61,592,595
55,708,824
62,061,402
2,229,685,343
1,998,111,169
+ 11.6
17,556,209,255
14,626,949,442
-
14.4
.
'
-
-
Total
<
.
5,066,398
Va.—Wheeling
'Hit,
,120.550,008
252,063,943
6.3
9,413,000
78,329,363
-
„
^
5,598,037
City
Ky.—Lexington
W.
24.2
+
792,114,945
11,185,814
13,160,011
Erie
>
+
899,306
888,554,345:'.
Pittsburgh I
.
• —
53,858,070
1,179,456
(17 cities) _2.
+20.0
'■
"
'
,
W.
District—Richmond—
Reserve
V,v
Va.—Huntington
ya.—Norfolk
•I
—
27,741,000
•j," 197,700,000
'
'
22.7
6,104,571
+ 31.0
64,697,082
445,848.962
.-+17.9
3,907,134,018
17,628,221
;i> 1,232,123,945
-
-
.*
,s8,000,000
Greenville
525,811,530
.
2,179,539
p.; C.—Washington
0.9
2,199,581
145,928,692
k
.
141,220,535
e, +
3.3
+17.0
....
7,094,000
1,999,947
V f
;
v
1,541,013
,
-
' v
343,354
39.416,950
1,815.000
2.622,000
+23.1
•
592,259
.
-
,
;+117.9
3,256,000
,
55,249,190
68,006,003
-
r
>
+29.8
1,152,205 >
....
r
: >
39,867,783
,
983,805
98,647,597
''105,971,931
+
;>*
133,962,000
1,697,350,687
59,843.097
'
V"
67,245,321
+ 14.1
7,286,987
11,667,902
<■& '*1
-r
1,987,746,306
+ 19.1
227,252,307
8,315,873
Frederick
KK-
1,014.114
27,136,593
-31,264,012
t+ 70.4
16,284,000
34,314,333
Md.—Baltimore
'v ■!
l-i.'
7.1
+
3,754,07.7
C.—Charleston
Columbia
UK1"
;
4,022,393
270,710,460
Richmond
8.
236,444,396
262,504,779
-,-+38.5
■
Federal
353,636,427
,r> 489,945,913'+
'
Fifth
'I
8,867,666
81,727,543
2.9
•—
?;
2,321,685
23,177,747.
9,573,296
/•
■
..
f:
,
443,479,900
'
113,081,196
26,374,913
'
.
'
27.175.-783
9.5
—
,',7,011,335
•
1,253,703
Co.
Greensburg
./
6,805,050
32,769,667
r
f
"45,356,348
76,104.177
4,853,452,146
,
9.0
—
't
'
,v
2,592,011,386
-
401,712,600 ''
4.5
—
•
r
Pa.—Beaver
,.+rr 6.1
•15,799,524
"
'.'."".''v
+
'
10,545,572
14,293,523
Mansfield
3,132,845,463
;
•
8.1
—
5,971,364,502
r
,+ 10.1
60,629,700
3,523,717
__
:
+ .1.7,2
687,791,607
*
55,714,300
1,108,735
Columbus
■
':>+ .13,689,502
400.395,803
_
Cincinnati
,
i;
"■
105,878,380
;
;
»
I"
34,554,780
f
•
318,000,000
1,391,983
'
*
Federal Reserve District—Cleveland—
Fourth
•
/. 1.105,519
.
89,930,868.
•
9.961,003
■
3.4
—
1~
2,398,662,948 '
■
1;
•
V.
+17,763,789
62,454,846
"
21,673,800
2,480,365,137
V ,,
17,115,000,000
42,635,332
0.5
19,752,499
•
,244,517
,1'-
61,058,248
85,523,121'
—19.9
r\\
"
47,446,743
H
3.074,094
15,818,800
J.—Trenton—
385,016
■
'■■■>:
•
20,270,667
*
,
19,049,000,006
'1,122,055
-
19,269,970
Del.r—Wilmington
13,530, 111
:
19,«32,153
89,163,922"
.52,011,984
i
"!
18,908,996
5.8
-
775.3*6
2,970,811
-
7,060,648
.a-
•
18.330.784
2.1.
'
711.231
cities)-
"
23,600,000
-
2,282,344,683
• v
.
.
9,684,313
•
18,858,330
57,654,326
—33.3,
8,055,182
'■
1,158,515
—
Total—(17
;
.
,
588,201
17,237,651
91,362,030'--
?
4.3
-5,966,703
■rr
8,075,542
•
■
N.
>5,000,000
.
836,347
31,200,000
•
-
984,439
..
;
"
+
5,998,563
Hazleton
f
.
r
-33,178,396
'
3.1
+
Bois
Du
.
17,815,503
'
■:j
+
6,458,095
2,383,773
_______
Pottsville
■»
11,136,524
■
2*400,526
2,281,000,000
7,703,005
11,742,168
Wilkes-Barre
■'
$
1,231,331
;
938,734
•
8,190,351
25,273,848
35,632,447
V;
0.8
+
2,434,023
Norristown
1939
■'
■
16,603,470
.
—12.2'
'2,540,175
2,380,000,000
5,137,266
9,403,075
Lebanon
>
2,363,875
11,472,241
6,657,172
-
Lancaster
-
c.
,
15,870,677
43,200,000
,
.
*
1.
____
Harrisburg
^
4,876,169
2,381,437
5.6*
2,179,314
4,278,957
_
r.«
■t.
.761,873
$
■
'
2,057,359
__
:
1940
.
122,722,978,363
129,201,083,567
9.1
+
'
Pa.—Altoona
:
■
District—Philadelphia—
Reserve
M +
\,V 27,949,945,
<•
1,331,303
;
2,7.41,099,504
-
,
or
Dec. %
8,125,994
9,580,503
189,150,527
Inc.
i'
7''
3,408,145,100
m
'
1,043,001,987;
+ 10.0
T
;<
.
38,591,958
.'.191,302,179 „
15,476,370
"
745,391,005 "
959,814,773
•
779,550,271:
W- 1.5
3,090,888
16,035,480,690
cities).
t
8.1
'+• 1.8
115,147,300
3,400,397
(14
$
"
1,231,345
■
•
•
1
.47,600,000
,331,422,685.,
-
39,312,711
207,047,840
16,081,707 s
9.3
';
,34,101,429..
^
-
,1,572,502
<
118,267,744,093
201,220,546
—
91,101,695
113,366,568
J-
N*
Oranges
1
!
1941
•
.
■
"8,500,000
.
24,563,577
346,899,318
6.1
+
1,977,203
,
■
92,737,960
45,822,585
1,464:893,916 •'
...
5.7
—
22,180,437
"24,250,000
,
+ 17.5
4,888,776
4,589,598
Northern
•*
-
389,429,418
.
1,743,715,654
35,702,111
33,785,271
124,351,221,904
9.2
+
39,916,310
21,676,430
,
1.5
—
."+
_.
Utica
50.359,187
V,
+ 62.3
14,158,725,036
•
325,235,115
•>,
1.5
+14.1
,
4,491,452
;
4,423,550
6.8
+
5,697,943
4,669,190
-
v'
36,374,149
—
188,205,626
Elmira
N.
;•
1942 n'
■-
5,785,981
214,800,000
,
Syracuse
i
''<■
>
Dec. %
1
33,883,777
—
Binghamton
.Buffalo
Rochester
!
■
District—New York—
y.—Albany_
•
\ .' f
" f1
$
.
'
N.
1941
-0? ,<• • t
1942
Dec. %
$
$
Clearings at—
Second Federal Reserve
v-i
1941V.-,.
Monday, September 14, 1942
Week Ended Sept. 5
Aug. 31-
inc.or
-1
-.M
a/'1
THE COMMERCIAL & FINANCIAL CHRONICLE
'f
916
-49,337,429
-
3,449,994,809
,
15,479,463
-1,120,655,910
-.vv
—
'
™
'Total
cities)
(9
*
\
■
•
•
.-'.Vr.
''
'"
yJ*
#
l-i.
1
v
'
'•
'
..■>+
.+■
11
...
1
fflxth
'■fxs
'
r
i
■■
Reserve
Federal
r
Nashville
Ba.—Atlanta
f-
+
5.1
+
6,542,059
+
7,428,557
7,263,257
+
'
139,815,448
Meridian
—12.5
+ 17.5
-*
>
'
78,740,254
20,043,823
84,725,000
72,816,487
.
18,415,999
5,566,920
715,501
597,398
+ 19.8
274,435,233
224,040,985
+ 22.5
5,871,472
2,131,913,941
1,748,644,619
1,220,939,832
1,043,282,405
+ 17.0
9,829,664,482
8,102,029,053
Vicksburg
-
Orleans
(16
cities)
''•? V'
Federal
Reserve
2,152,410
—
2,157,433
777.043,802
Arbor
Detroit
6,918,580
Grand Rapids
;
.
141,956,478
131,254,805
356,468
326,715
4,288,481
+ 22.6
205,758,993
252,190,572
+21.3
2,694,639
15,705,000
'
19,022,890
+
19,343,239
/
■
3,445,976,757
139,844,025
,
386,365
+15.5
+'.
137,951,231
;.
t
+136.1
_
47,758,129
55,174,436
2.3
3.5..
458,850
+14.3'
16,642,619
8,135,868,597
0.2
+54.11;
6,763,533
18,671,955
Flint
-■
.
r':
■■-k
,;
District—Chicago-
1,197,756,386
Mich.—Ann
*
88,613,000
4; 14.0
9,756,820
2,307,715
8,532,346
«
2,710,787
Seventh
39,900,443
50,820,501
•
.
60,201,001
992,271,108
93,221,703
75,849,729
1,282,160,377
;;
40.5
-10,237,000
11,668,000
Miss.—Hattiesburg
:v. Jackspn
:
Total
55,911,062
*965,742,554
26.3
+ 45.2
5,168,416
v
53,530,065
1,098,120,537
+ 15.3
128,352,690
14,020,809
20,356,417
191,202,814
-'2,818,439.000
49,230,764
,
,
21.5
+
107,518,650
9,381,016
___
+
r>: r
60,132,442
+ 36.4
148,028,944
Mobile
La.—New
r:
59,005,925
6.6
6,948,920
5,864,775
130,633,894
________
Ala.—Birmingham
3,409,200,000
81,099,315
+ 23.4
7,407,350
Fla.—Jacksonville
Montgomery
■■
852,209,514
»1,028,842,122
v
16.9
"8,000,000
-
r!u'+£';
219,435,596
5.4
+
v
365,328,000
8.075,680
_____
Tampa
'
t:";
Ih-M■■
:
123,206,288
s
426,900,000
Macon
_
V'K
25,963,323
27,365,838
___
Columbus
;
u.
129,465,569
;
Augusta
Z'ur'
District—Atlanta—
TennKnox ville
J
:•••■
■
-
-
•'
•
6,652,407,585
7,611,510,836 -v:
+16.9
861,616,922
1,007,023,820
.
+ 41.2
6,250,446
4,426,931
26,112,000
19,674,000
17,799,000
2,852,196
2,338,441
1,752,609
1,149,684
9,065,331
1.4
5,715,639
4,891,440
4,486,746
18,016,045
16,416,325
'
3,754,508
*■
Muskegon
10,101,938
5,523,771
;
Lansing
4,152,397
+
23.4
37,330,300
+11.5
24,310,288
73,619,444
93,646,320
;
+33.0
,
-
27,113,994
+18.5
3,168,959
12,467,697
Jackson
?vi
•
30,351,171'
' *
r
+27.3
+23.0
■
3,799,948
10,099,048
21,312,400
19,611,617
110,917,566
29,714,656
+ 12.2
3.386,039
11,656,789
City
Bay
105,552,095
:
+12.9
26,319,754
-
Ind.—Ft.
Wayne
Gary
_—___________—_—.
Indianapolis
+15.4
89,869,287
8.7
168,147,051
152,945,235
+
5.1
941,112,768
•
'•
Bend
South
Terre
Haute
29,206,074
34,524,221
,
Wis.—Madison
126,090,976 \
97,867,696
8.4
+18.2
-
25^114,182
.
3,513.144
3,531,228
Watertown
596,834
Manitowoc
2,631,618
67,862,211
58,840,641
+15.3
818,607,153
+23.2
16,910,626
14,291,655
+18.3
32,315,377
27,238,296
5,610,672
4,564,896
la.—Cedar Rapids
6,939,455
--
5,465,099
-
*
Des
-
+27.0
•
•
Chicago
-
55,579,244.
184,924,859
147,247,806
1.8
7,653,217
7,697,311
2,793,476
+
1,972,968
—
1,710,067,539
-
V
f
.".,'47,554,503..
12,742,860
+ 20.8
908,293
1,678,552,401
Bloomington
16,650,200
375,150,095
1,931,933
111.—Aurora
v,
458,104.303
19,864,091
:
.
+11.3
46,646,341*
2,852,354
City
:
51,930,406
"925,000
—:
Ames
-
-
23,991,400
Moines
Sioux
0.5
6.5
+ 62.6
1,618,083
-
+13.6
225,501,400
1,008,168,796
+
'
■
r
4.3
20.8
+
560,212.
"
+
+ 32.5
1,764,836
Sheboygan
93,844,427
22.2
-
2,338,579
9.9
+13.2.
831,116,354
+
...
104,337,531
Oshkosh
""I
/+
+
7,552,724
0,231,978
Milwaukee
+
10,688,288
11,586,375
+14.7
78,337,135
+
V:>
+
—
.
.
28,358,170
+ 36.9
20,721,379
,
.
+18.6
' I
+ 22.9
+30.7
+10,9
1,310,604
1,120,818
+15.5
10,321,755
8,252,767
4,578,967
+ 17.8
3,693,019
3,632,732
,.+16.9
1,682,308
1,517,139
+22.1
13,351,010
11,554,580
+25.6
5,393,732
—
I'
0.6
2.1
.22,627,613
20,515,542
+ 10.3
2.!.
16,400,552
15,568,652
+
5.3
444,224
555,830
—20.1
467,693
1.8
13,943,842,581
12,935,115,747
+
7.8
401,885,905
339,422,791
+ 18.4
262,654,073
44,712,825
+
9.3
1,461,656
159,853,537
+
3.3
4,716,163
48,867,112
:
-
1,017,782
+43.6
6,330,443
5,115,743
+
23.7
20,048,464
20,021,792
+
0.1
9,274,021
8,139,616
+ 13.9
72,233,991
63,743,660
+13.3
2,101,796
1,738,167
7,996,876
6,693,244
+ 19.5
61,836,281
54,436,796
+ 13.6
2,030,750
1,592,632
653,072
781,461
—16.4
6,403,745
5,920,942
2,949,108,739
+ 15.2
26,281,893,003
19,998,476,941
423,872,180
+ 21.1
1,047,194
+ 27.5
Peoria
Sterling
165,075,421
+
,
,
,
4,585,934
.
+
2.8
281,551,982
,
877,590
3,832,388
.
+ 20.9
Rockford
Springfield
1
Decatur
399,336
,
3,332,315
-1,163,586
1.088,609
1,326,897
.
1,359,353
335,786,535
343,806,253
8,2
*
Total
(31
cities)
3,396,871,560
+ 31.4
513,325,527
;
Volume
■■4
1
-Month of August-
"■.
v
j
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
156
v
'
-•
'4
■
V.iv J
••
{ v-;'
•ihc.or
-^an.! to Aug.,31-
r
tVf / 1"
JX'
917
Week Ended Sept. 5
rtrt
Tnc:kor "
'
../'1L /
v
Clearings at—
••
.
'
»/
••
•"/.
■
k
i"
$
,
;V
-<!941,
1942'
.!/■ .I
.
$
:
■
Dec. W
.
.
1942-
•
»
:
.
t
1941- A'
+,
1942
-
•
jt-iw
«
.
1941
••
$
:+
.
■
Dec. %
••
-
Inc.
$
Mo;*—St.
Louis
492,513,818
+ 17.8
vi i
4,584,805,577,?-.
i
Independence
■Ky.—Louisville
-Tenn,—-Memphis
4,052,002
4,887,724
•
...
959,557
899,767
+
226,135,747
+
7.8
+
10.1.:
243,799,103
117,788,410,.
*! 463,366
,1 ;V
111.—Jacksonville
«-
107,005,143
33,662,717
1,912,268,910
1,114,218,163
'
+12.5
r"—V-
Total
j 3,563,000
....
i
v
••
Federal
^ Minneapolis
^.4.
St.
-
: '
Paul,
Grand
*
:
V
:
Falls
4
-'t'.v,
30,~671~777
24,234,533
15,928,712
15,203,674
+ 19.0
933,000
""457,000
+T64.2
+ 16.7
210,730,103
167,298,557
+ 26.0
^
'*
v'1,
■
'
•
.
'!.■
121,188,'952
'*y.
;
7.7
+
,
.2,822,147,352
:••' 3,806,570
I
v+17.5
'
r\ '
3,135,364
102,414,807
.
2.2
+
+ 27.0
■
1.5
+
,
+ 21.3
+ 20.4
39,903,572 .; .; ,;;33,752,175
.;
12.0
+
9.9;
'+
,
9,235,000
+ 14.9
...
"
9,157,622
♦,.8.9''
-
■'V.
10,610,000
,
10.2
*
95,490,495
—18.0
-•93,230,609
o.
"
"
3,748,832
115,863,302
'y,;
+12.2
,
1,066,840,116
13,509,861
3,822,981
15,137,670
0.2
15,045,223
,
1,284,151,698
0.1
5,420,009 :8,301,594-.
.V
,V.
; 13,203,760
r
-
*
•
•?
;
-
3,315,072,417 /
4.0 :
+
1,385,481
~
;*.-1 u'.'
.
130,487,625
+n-0;
1,227,000
10,534,902
•
.
_
\s
—22.1
;
"W'-V^ ;4,939,749
D.—Aberdeen
.
12,267,720
: 1,244,234
Sioux
,
vrt.
497,316
5^-11,254,000
•
\
••»•.;
•'i i-
—31.5
1,672,916
:
w
.12,247,940
Forks
2.3
+ 14.7
,
:
146,849,764
•
0.1
+
...
,1,883,357
,
387,210.
Minort
+
23,572,949
*'
..-V.
-
416,310,259
1,673,848
i
,
_
17,194,432
163,069,933
<
'
H.
'4'.'
vy'/V.
.
Fergus Falls
N. D.—Fargo
46,668,608
+ 24.6
•6,585,029,129';
•''J
',■
J
'
1,289,652
"Winona
■=■47,750,000
-27,047,103
+ 12.7
23,302,000: V
Jf.v-.,
'432,798,763 ;
,
71,100,000
'
17,182,271
"Rochester
74,100,000
+ 13.7
3,040,348
Xh. 7,683,168,008
+13.9
834,869,912
.
X
Reserve District—Minneapolis—
Minn.—Duluth
+ 40.0
'
*
27,723,000
•
Ninth
96,400,000
'
'
•
P.
rt1
•
♦i
950,705,016
cities)
(7
,•135,000,000
.
+ 17.4
1,682,462,476
3,789,716 *
+ 18.1
/3,016,000
*
+ 19.3
'988,851,107
'
•
"
"
Qulncy
y
{
$
.,r
: i' '
—11.1
37,877,074 i
5,705,214
*
6,699,925
'
411,713
3,843,790,910 vi
'
6.n :
—17.1.:
-
,-'1939
-•-•
5
;
.
580,079,578
Girardeau
Cape
f
'
1940
or
Dec. %
,
Eighth Federal Reserve District—-St. Louis
-
+
-h
+
89,087,690 +
!
65,593,076
;
>.»
7.9
+
33,338,505
39;087,176
'•
-
8,490,422
17.2
+ 35.8
-
Huron
"T.'rl'.U'li
946,344
}
PPPP
Helena
Total
..
/4ry.
3
.'
y
,<
/' +. '■ !■
•
'■
'
'.
402,028
<
:'
32,093,529
* 132,043,306
118,355,374
9.0
;
.
+
<
2,573,879
.
,
2,454,265
.
5,220;001,566
'
.
:i
2.3
4.0
+
:
;
8.L
+
+
.
32,041.107 ~
33^389,635
+.5.6
!
:
6,924,241
,
32,782,797.:
«:
•
+10.8:
^
7,486.120
r=:
8.7
11.6
••
y=
ti
■"*. 1,366,594
s,y
.'V f-'t '
••
4
41,009,467.
..
^
+ 35.4
.
,
098,767
y
4,150,124
/
4,"o30~751
;
■
■5,V3^0
'
2~97l/040
.••<+: 4.9
,
4,444,310,613
?
;
142,069,892
105,895;650
V
*
'"'i
""
*
+
.
.
-^5.2
640,012,787
365,735 -
.
675,542,661; ,..;
(16. cities)
"•
4,709,561"
5,261,620 ?'
15,719,347
• ~
;+>«:.
/-
*
:
.
17,423,614
Lewistown
1.
910,383
,
4,463,919
.
X*?*r j5,720,547
Great Falls
^
_
>•>',
•■
r
y r :
r
;
^
;■y.
:
•
t.
; v 100,074,590
_,V <r ...
■y.yV.:.
' !"/■: ;>'•
■'■••=•..
,
,y
-
Tenth
'
Federal Reserve District—Kansas
City—
'»V>
•'. ' £
't'
u-Af
* V;
■Pb: V
v."y
-
■
Neb.—Fremont
Hastings
.
w
—
-
"
Omaha
■;
.
15,236,689
i
,
•
+18.0
c :8oo,ooo
4"-6.3
.
.
.
;
:
■
vy
i l,167r794 :
:
974,228
,
'11,580,166
♦Parsons
Topeka
'
•
■
:
.
10,948,703
10,592,786
v
,
+ 19.9
+
,
5,946,807
;
o-.
y
+11.3
:+V
3,837,209
100,085,663
1,209,907,806 "
-
12,598,847
86,925,328
.
• -
; 51,751,485
.
•
St.
22,108.405 '•:■
-
./.y
—-r----
/•';•
;yy; 82,695,518
564,909,079
*-
;•
+20!
+21.4
i;. 17,274,490
Joseph-
-
2,746,525
"
V;
685.604,152
*
19,862,997
:•
; 3,298.788
"
,w
15,348,280
2,270,947
134,381,069
-
=
:
4,958,103,357
129.053,608 "
+12.6
;•
s
166,761,748 "
30,150,682
?
_^v >-
Wyoming—Casper
!
2,512,481
.
.
'
Total
►
(17 cities)!/,
....
..11,.
29,643,325 -
'
+23.4
13,407,363
1,020,590,357
I."''■"
'y'"
•
;
••:
Eleventh
Federal
Reserve
y
'i'
.
Dallas
y:
;
El
■
8,401,635.
4,979,995
-
v
Galveston
13,080,422
302,679,000
•
V;26.314,582 !
U.;:
-
Port
+ 20.9
10,411,000.,..
314,751,999
Arthur
Wichita
2,756,653
Falls
099,762
Texarkana
,0
.
2.5
+
•
.
87,302,000
5,580,786
\
mm
.inn'
2,002,126
v
.
:■ j
i
,U
225,274,500
83,693,000
:
.
V Total
1
^:,;-+y.:.7y/.yy:y:"'':.'=yy>y
,<:vi
•\y
7
: :
16,915,906
1
r
...
;
Yakima
•
.
—
-
w
vi,:
-------
-i.,
304,200,383
,
y5,820,018
■
-
:
-
'!
Beach 1 ■"+'•>'
San
Francisco
San
Jose
s
i
Stockton
4.8
.
.
/
■
::
.
la
1,172,604
..
/ l/078/293
4,034,538
1.250,000
*4,500,000
3/301,854
:
——
-
98,786,826.!
V
+28.8
60,170,362
58,365,636
J;'
..,C
h-:; ^/;:y..:,yy
.
■
76,688,256
.
1-
r-
-
2,728,26|
—
+ 18.5
PPP^- P:PP:'P\'-: ^P'y '■/"!■ X-XXX'. ;■.»
y,
XXPPP XX^Xp PpPX^ v-P PIXP
£
:= ..■■•.■•;..•
•.,;
...&
+ ■'
y/;' XP-.'U-.-
-
y*: *
'
31,637,112
7,057*259,782
-
'
•
y
13+77,211
•
+14.4.
'
-•
—
total +189
y
+
4.8
/"!;!+ 19.7
Xppp:;XX.
;+4t'V/-; 226,377,000
53,376+31
•<
H 172,657,717
'
-
-'f
' y
'■■"■/'• 3+13.126
: v
1,361,219
"
166,926.000
4,091,629
4,022,927
•
■:?, •'
■
•y
4,315,724 ?
1,152,009
96,727,105
Xyp
105,858+86
;
•
—
5,896,005,868
111,173+39
46,193,303
»
15+16,359
33,225,824
!;•'
113,939,287 ""
!
3,360,814
1,551,718,366
;•
1,396.079
:y
-
2,419,805
2.178.053
•
+
17.5
29,997,427,796
1,823,118,393
33,324+61,792
-17,860,342,893
102,825,586
2,521,683
■/
V
1,527,665
y'-r'y
s-y'.;
Outside New York
+
11!;
15,838,702,760 f, •>,:
+12.8
!3+08,346,140
X
10,807,736,996
:*
+24!
V 235,174,732,197 XXp:
264,103,608,875
/. J39,752,386,971
'PXXpPXPxyp XPPXPP:P P;.pyyp*'xpXU,■/liiyj.j-:
pXX
i
*
.
Total (19 cities)
.
Grand
4,
'
f, 21,611,098
■
.
y"
V
2,023,000
15,504,166
7,878,079
5,512,423
15,307.854
3+65,257 - > >,1 .+4- - 8.7
942,303,067
830,350,757V+ + ;+;!3,5; . "'
Pjyp 15,654,225 ■+"!/:.!. 17.582.902 ,P\ y + 11.0+ ;
5,329,034-" 6,695,362
• d
—20+
'
"
•.
•
12,775,948
pX
V*4,957+10
'
.
Barbara —
Santa
'
•
3,765,670 ;.y •>".
<
1
*
10,588,088
-
<
2,041,000
83,191,715
~
'
/:-25,289,342
+
+ Riverside
.
6,928,390
'«■
y
■
v."-
'
Modesto
';•? Pasadena
-
.
.
/
*13.000,000
—i—--
Berkeley-.*-:!+
Long
2,110,000
.
98,992,108
16,863,359
Ariz.—Phoenix
-
5/979/120
+10.8
47,486,102
.
2,326.000
-
»
1
f,
+75.5
+■
,
v
;
Calif.—Bakersfield
5/4*67/542
v„-
+19!
/;••iPPPPP
£?/\p.;x?P\ P-y.^-p. 'vt .!(,vu XpX ]ypsP.:.»^vyX
.
..
45^06^,764
57.5
+
*. — 4.2
•
21,981,259 ''
' 20,512,108
:.!/-"+■ 7.2P^y ^■fPPP-^PPXrPf'PPp:P'. P-* -~~XP'yPX-y
+> / ••'■'■', Pp.pP
252,622,282 !• !y + 32.8 {H /r? 2,433,244,247- ! ! 1,804,069,840 +
+34.9 :;pyp 70,652,048
49,817,910 '''••-- " + 41.8"'': •
39,050,130 ,■*■>■..+ 31,505,865
; /. ■
6,324.534
6,324,534 'PX .+ 5.6.
;
+ 5.6
45,780,731
^y!; 40,604,863
yy' +12.7
1,869,655
; V ./•
1,719,732
.!+ 8.7
1,380,032
!
1,226,432
1 PP. 6,669,442 ^r+Vr— 1.6 " •
? "*•:
— 1.6;
' / : 50,252,223
,/y
.,49,711,312
,-+ 1! -P X ■'P~P*p-„x pX v-.P—yPp ■;■:>/
' X'-" '
':'pX'
^
y.1
+ 13!
P:p:P 2,056,000
+13! !y/'
16,162,000 " • U
14,190,000
+
+13.9 XyyxXPPpPPjXX.yp:PP.P^PXPP^P XPPPpS^^XX yXP.'^P^PX
;
' ; y 243,624,289 V. : Vv + 24.9
2,024,120,607-!!!!,578,837,742
—
;
• y •
—
44,969,474*
• y : / 3.898.663 '+49.3
36,208,344 •
27,003,173
Xy,p; 6,566,025
y
-r-—-
Utah—Ogden
•Bait Lake City
PX:'P,
+27.0
:•! !
7,900,177
v+r.;.
6,673.288
l_—»L-
i-.
?
335,401,087
Ore.—-Eugene
Portland
:-\iX'-v/ '/
v-
1,282,861
-
■PpX'' 3,038,540 PP i r 3,170.384
_L„
Ida.—Boise
W
.
'
1,410,183
-
-r---—-rii*-
+31.3
'
-San Francisco
Twelfth Federal Reserve
Wash.—Bellingham
Seattle
'
k
7-
"" P-V
■
59,622,000 y?:y
+
.......
13,001,485
'/wi-i
>i
:,•
■!..,*
:'yy'.,^yi"
■yn;
;+36.8 V
+ •>
..
i,
^
1,848,937
..v
75,725,872. +!
■yM "12+4+826';//
-2,337,000
4.3
130.646,545
♦
,
■
■
■11
■/.-
v
.-
121,030,767
...
/, +21.1
y
40,629,806
155,599,667
y^'iy
y-y+yy^'iyyv,
'//!•■
>
f
/
+10.0
+
-;
-,-
+ 6,167,618,149
683,330,757 i wd, +17.2
y f
5,205,866,180
''hyy-yi:.: :..y;;'!
;:ou.pijj; ;-y.!y,y.>y+,, w-vv/ty y
800,856,078
(11 cities)
: 121,533,706
+ 38.7
:
V'y
^
•
! + 26.7
2,000,597,314
:
.
+ 16.4
•
;
274,833,254
'
2,530,138
+ 28.6
2,319,566,906 f
,
22,823,503
+21.2
,
f+T:.i
r
"
'
+16.0
15,525,723
y-
"t
*
^4-28.6
•
■
'
11
-V', [V-
''
+ 20.0
•;
■
**
"
164,138,010
^
39.346.694
39,346,694
>
-
.
22,204,146
38,691,998
8.6
—
1,725,788
.
,
'-.
612,994
^
4 ' 227,686,683
+'-227,686,683
1
-i
-
-^4'-■ V
61,360,770
,
y
2,421,798,416
18,819,123
594,584
:
630/022
y:y:/:;^_„^//: ;!•:■/
+ 22.9
.
'' '••''
"
V
,
348,215,733
1.0
5,103,375
—
561,698 y
921,059
•
*
La.—Shreveport
"
-
.
y
*"
Houston
2,729,860
:
.•;••:
.
267,845,684 >„•; -+ 17.5
2,233.833
;■
+23.4
10,312,000
-
.«
;;? + y 247,893,330!
+ 29.1
♦
37,632,751
2,828,852
;
*
•
-7,229,582,286
-
0'
73,604,300 j
6
50,594,056
2,698,891,000
v
y ;
+ 16.4
33.97K.415
vi,
-------
0,2
>—
,
+ 39.9
45,504.300
;,w—
Worth
+27.2
+,.0.3
ty*,
,
'•
!.
.
352,280.000
Paso
Ft.
3,410,312
——^
vv
•
.
8,382,103
6,967,994
fr
-
r
•r'
-!•
District—Dallas—
.
80/998/713
:
..
Beaumont
2.720,988
82,479/944
i
"
'4
:o
Texas—Austin
V
;•
8
■p- 8,886,483,338
+ 20.7.
;;
1/731,184
2,977,873
4,337,243
+ 10.5
.
2/128/375
9.6
8.1
+.71.7
-
28,224,302
+15.6
—
-
./
+ 39.6
i.-,'.■■/■.',•;in•'"i-'rv■'<;/
y'ly-i'+y
4,418,620
113,388,692
+ 15.1
26,834,424
*if'
■
1,231,758.689 -V
>'
27,260,331
*
'',++..:2.2 ;'y '—
1,212,560,489
2,731,033
1
+22.0 I.
■
—
■
158,279.593
+
-172,024
2,760,807
'
:
5,230,529
/ /t -20,962,834
•
■
5,108,652
117,894
165,446
*
:rr:
+ 25.5
308,427,853
:
:
,
1,559,702
'
!
.
354,878,327
38,001,1551,317,135,161
+10.4
3,593,536
1,924,094
+98.1
'
175,464,967
X
4,405,234
.
5,065,150
8.5
+
"
2,750,621
,y
193,738,804
vv
—
8.2 '
—
41,602,825
5,449,983
Springs
Pueblo
591,002.
•*
45,155,350
"
137,549
.
4.8
+44.9
♦
S
36.6
;
542,605
;; :
Denver
+
3,951,883,952
v?!
119,396,129
'
Carthage
Okla.—Tulsa
Colo.—Colorado
+ 24.1
22,075,269
+
35,716,854
•.
.
'
Wichita
Mo.—Joplin_H
Kansas City
+26.3
y.
"
+120.0
y.
;
-
7
ypi
.^pyy'-' 3,035,554";: <•!+ 24.2
*
3,769,409
+24.8
-
133,486
171,702
«180,000
,
- -
+ 33.3
;
5,727,988
:
13.8
y +
7,022,658
y
168,533
8.7
+
,
.<
•
'
+25.7
5,472,494
yt-i
:/-• ty
3.4
;
e
v
4,824,734.
.113,944,683
1,613,276,379^
8,761,624
v
♦661,664y**M. 138.8 ;y 'y
'
-
I:
.
/. 14.161,281-.+,7.0
164,421,613 V:V;!'+:34.9
;•.
,
r
221.825,267
Kan.^—Manhattan__
"549,251
-
,yV,t O850,000. ^„...
Lincoln
•
648.185
,
116,906,988,104
!
y
•
+ 12.3
6,816,659,560
.!. +19.5
-
407,379,976
302,571,569
260,922,932
; 5,564,586,324'
,
3+08,514,460 i
185,683,439
4,491,578,221'••'
5,181,981,604
2,209,233,538
+ 2.823+86,820
-
2,034+81,096
:-.Is.-v;:?
xyp
■
XPX
w:
.......
-
-
CANADIAN CLEARINGS FOR
*//
AUGUST; SINCEXJANUARY 1, AND FOR WEEK ENDED SEPTEMBER 3
'
'•:•
-iy
-Month of
X.P:
.1942.
*■
Toronto,
i.-yy+yy
«-t
X'pp
521+98,353
533,576,377
218,754,279
Ottawa -L-—
/:/ 257.983+66
24,626,903
17,120,190
Hamilton--j-;
7 '
■;+
....
2+43,970+80
185.788+76
-
—
/.
;
//l'/
Edmonton
Regiha
-,»•—
8,076,010
.
yy
224+79+20
!'■•/•
83,037,621
7.D-
,:W
f
•
-
-+•
+-'10.8 >'
i
19,700,177
'•
2,135,336 'I
.+
1,837,671
2,660.363
7,699,932
6+79,823
3,150,337
2,614,873
Brantford
4+63,739
4,268,293
-f
'-+i
Fort William.-!.-,
4,798,123
4,755,741
r
+«
Lethbridge
—
,V"
.
:.
2.6:
++
-
V
+20.5
l
*..+•
+
■
.
..
,
.
//}
;
164,314,042
152,585,873
155,312,26.1
V/.y /
18,167,913
;
-50,139! 17
49,081,660
26,670.238
21,529,976
.>
,
3!
;••:/
:
y
y
y://
;
32,738,527
44.6
3.0
3,142,220
p.
+ 17.2
-
/
1.855,632 '
+y !
2,550+31- ;;;/
"
f!
4.784.325
1,773,726
1,651,147
!
1,695,665
>
1,599,250-
«i." fV;
2+84,354-
/
,
2,371+67
1
5,169,371
t
4,935,619;
+ 28.2
~
;
-
-
4,053,367
13.1
r
-
-
439,382 •
-
701,071-
"619;069
4,283,859
764,997
360,913
713,770
1
+ 13.2
615,684
1,262,094
7.2
694,779
+10+
1,613,242
.
+ 19+
+ 23.0
y
.
3,775,652
/,
'
■
524,767
1,983,523
■!■/;-/
+.22.3
y
■
"
+17!
-
4.819.183
4+35,987
1
+18.7
•4.381,286
= 2,509,387
>
5,897,918
+ 22.3:
-; /■
16+54,964
24,783,798
y.
4,257,664
'
-•
:
86,634,079
16,116,024
48,122+42
:
1939
;
96,038,255
+
,
.
1,935+01.
4,291,362
V
t
;y
+23.9
1940
98,153,039
'
X'X:'y
■
-
•!';
*
+-54.7
-
,
6,324,819
,
3,118,587 *
■
Sept. 3
-
or
+
,
3,884,680;'- '
,
2,172,643
Xy:
V'i! -**5,
1.8
•'
.• 6,828,696
6,624,627
+20+
^
4,496,291
"
2,298,816
:yy
4!
+ 14+
:
44,842,753
v
7,735,884
pa..
+20.7
y
i..
1 *4,000,000
•
Week Ended
XkX. i-, X'Xk
-
8,001+32
8.9
o.»
+
12,855,067.,.,
/;21,872,795
y
r '
+22.9
yy
.
:
6,503,319
6.7
+
j
-
;
/ / 26,931,044
'
^ " 69.353,288 +
2.8
+
u 1 •-
.'k
Dec. %
■r$
PXP
X 129,052+49
+ 30.7
112,852,I32v:y!-'"". +.25+ •'
r
?
51,501,641;/>P;c —19.3 :P±) ;y
20,789,712.
'
"j:. + 29.5 y:
7
:yx
41,578,033
'/
;
.:+.'■ 8.8
93+17,049. v
IL l,W±V*
..y,-V
'+
>
:
63,777,125
66,376+70.
+5,512,025
7+
+.18.8
;
•.
+
76,337,818
4!
+15.6
v
217,810,930
....
201,874+54
+ 16.2:
:
2,857,680:',
.
-
JrUX,tJO,OJ.^
101+38,513
~y
+14.0,
22,230,710
*
"y 20,214,254
Brandon
1-8 9-2
'
.
•:
1941
(■■■p--:X Inc.
14.3-/141,554,858 /y
+30+
*•'•>>+
.118,299,671
.230,705,834
+
.y
168,619,049
+36.3,
~
(fP
180,749,526
246.246.730
y y
.+
12,066,012
■
:
l,874+86,979-
.
XX 136,711,847
•
:
639,277,948
>
$
'. + 15.8
1,608,945,679
.
—
y
1942
y.yy(;; y'-.yyy■ y;>
.
!
:•
»». %
v
*
3,645,077,6ilJ-++
1,542.546,515
•!.:
4.9
_
W'. y
klpjp, Inc. or
1941
-.
'y,y-y/.S
+.871,567,293
:+
9,159,134
•
13,374.199
25,341,797
London
Jaw
;
X
8.5
+
'
28,562,887
10,001,297
8,683,011
Victoria
Moose
.y
++2.2;
.
„+
+ + 4,165,532,352.
»' ry. + "8.0'
«
19t2
:
4,747,809,911. ; .: : 4,098,283,581 *
;
+ 22.9
29,203.098
29,081,660
*—
Saskatoon
+ ■;
,
■4
.:
"
Calgary
St. John
XXC -X- '
+ .6.3.:
y /
15,785+90
30,619,876
Halifax
yip
—17.7;
,•22,793,529
y
Quebec
r.
:
181+02,715
.
.>
^,a,'y
■y
v."
87,657,605
107,751,194
■
X: +12.2
501,972,143 "'!
;
180,048+21
"y y!
or
Dec. %
,
.>
Vancouver
Inc.
ifC't
1941
s
.
585,170,025.
—
Winnipeg PTi.
$
.
...
7y+'V:V;
-Jan. 1 to Aug. 31-
—
:
! Canada^
Montreal
Augusts
y
799,360
+
638,146
-1+43,147
:•
694.525
■
'
New
Westminster
,
-
4,0+4.207:
+.078,356
—
-
+
4.6.;,
0.9
'
."
0.4'
♦
f,
Xp
-37,155,083
.>
.
y
y/,.
'+
7.5
35,729+34
.31,334.115
!
1.095,995
34,568+25
37,999,750
:
+
6+
1.133,686
+ 13.8
1,053,331
27,530,372
992,809
•
-
.
-
.'".814.676
^
961,858
869,130
^
884.853 '
-+17-.9 "T
+ 21.2:1
•> 7
,
.
709,395
-
:
y
•
! 625,284
1"
622,574
'
Medicine
+
Hat
—.
Peterborough.
Sherbrooke
Kitchener.
Windsor
Prince
2,223,121
/
—
4+56,831
3,290,375
3,134,226
*3,000,000
2,173,383
Sarnia
'
-+
,
—u
+
,
-2,591,739
-
.
.
...
2,097,678
1.2
2.3
(32
cities)
•33.781+95
A.
V
•
\
'
43,878,631
-
40,550,365
y.
122,615,375
-
16,748,874
6.7
38,452,625
yy
25,646,894
y
23,832,322
•■'*+, 5.0.
-
+•
>.+,15.8
-
+i. 3.6
-4,626,522
+
1,753,638,152
+
9.9
!6;396,033
>
4.1.
1,927+29,045
'
.23,342,258
16,280+15
36+54,273
37,679.953.
-
;
-15,816,854,421
22,019,788
.
13,732+45,654
/
+11 +
8 2.
1,148,234
1,339+27
*3,250,000
;
■
'•
892,233
1,195+96-
8.3
-253,381
+23.2
525,793
—
<+28.7
•
<
•
-
•
,
■='
.
/.+ 12.0
2,235,088
•
.
•
:
641,217
959+28
1,017,738
7.7
3,018,674
+
531,600
412+72
1,154,692
947,720
+21.8
7.6
747,658
719,363
+
3.9
' ' :
•M
■•
777,683
2,127,120
622,048
+
,
> +28.9
382.945
-
-
-611.866
6.0
-.+
0.7
•:+
3+
-
593,718
1,099,719
+15:2
,
511,731,500
-
>•
+71.8'
-356.140"
;
-
+98,002 +
988,173
413,456,250
•Estimated.
:
,4
'
.
.
•
'"
-
+-19.2
y
-
.
>
321.218
..
'
608.042
"■
825,987
■'",+ 23.8
336,736,281
/
t
ii..V L.U1--
v:
n
>
i
.
.i-r-iyi'
...
i.-U!
512,014
854,526
:
409,023,708
:•'
•■-■•£+■
.,
(k. ,"t It-1
419,987
"
392.896
1+11.3
794.975
.
581,061
'
+
?
-534,061
731.960
26+
+
>
289.17;?
'
+ 25.6
13,213,512
»
;:
712+01 "
+
30.623,870
+,
366,689
877,972
+ 17.0
•!
30,313,266 t
+ 21-.2
-
336,302
+
22,762,663
•
2.6
■■'+19.8
10,547,292
'
27i275,095
143+73,962
.4,816,985
Sudbury
-10,823,135
•
v«.
6.3,-
+33.2
•
1,833,950
4,753,812
—.
Chatham
Tptal
5,189,168 +
15,271,773
20,343,592
—10.8-
.
3,984,962
5,067,692
—
.
Kingston
:
.
.
<
3,307,843
-
4,033,169
'.-re-v*-!,-
Albert
Moncton
1,586.198
1+15.043
3,517,849
—
('i.vilt'
ri; ..yy-
■
■
THE COMMERCIAL & FINANCIAL CHRONICLE
918
Page No.
(Continued from page 911)
Page No.
Name
557
739
Co.
Brown
Bruce
S.
S.
D.,
•
-,~4
557
Bryson,
556
Burlington,
554
-—344
Carrizozo, N. Mex.,
*-3
Carroll Co. Sup. R. D. 5, Miss.__5
475
'
474
Texas
N.
issues)_244-2%
(3
C.
Z_3V4
1966-1968
1944-1961
1943-1952
——Z__
1943-1948 '
—3
1943-1967
Cairo, 111
1
Cedar
556
Rapids,
476
Neb,—
Central City, Pa
Z_:—
554
Clinton,
Iowa
Ind.
653 Claude
l3/4
—-4
1%
D., S. Dak._____
Crestline, Ohio
Daingerfield,
Dallas,
Delmont
1943-1962
i
-
Texas
Ore.
__
Ind.
S.
737
Fort
Myers,
477
Fort
Worth
556
Friend,
Co.,
Ind.
Z-144
:_—___4
'
Texas__Z_3
1
S.
D.
477
Hall
Hamilton
473
Hardin,
557
Hazelton,
Texas
Co.,
Twp. S. D., N. J.
554 Hammond, Ind.——L
558
Hildalgo Co. Water Control
Impt. Dist. 15, Texas—
Ohio
650
Hinckley, Minn.
738
Hopkinsville,
738
Iberia
s.
4,
Laurel,
651
Loup
649
McLean
653
McNairy
'
S.
D.
1,
Muncie,
557
New
Boston,
557
New
Concord,
North
558
738
Ocean
556
Omaha
473
555
of
Wis.
Roodhouse,
Rowan
738
St.
Louis
474 Salem,
Co.
San
100.02
1.81
557
Roaring Springs,
474
Southfield
"lbTT
355
d20,000
.
dr65,OOQ
'
r73,500
100.71
26,000
100.30
1.20
d25,000
101.25
Fernando,
100.99
100.63
2.16
3,000
100.30
2.16
ToO.50
0.91
*•'•
*
D.
1,
200,000
102.10
~-_1447'
Madeleine,
Cornwall
100.002
King
Preston,
Below will
and
be found
preferred
those
called
stocks
under
a
called
were
redemption,
given in the "Chronicle."-
Allied
Owners
Serial '6%
'
'
'
;
.
The
1927
•
Sep
24
Canadian
and
Oct.
1,
Cassco
bonds
due
April
1,
1943—_—
Oregon Power Co. 514% debs., series A,
1942
Corp.,
1st; mortgage: 6s_—
1st & gen. mtge. 314%
H,
due
Cincinnati &
1968
H.
Western North Carolina RR.
due
Nov.
R.
Co.,
$6
1,
Sep
Sep
1st mtge. 514%
Foundry Co., 4%
bonds due
1943— Nov
1st mtge.
6%
debentures, due 1950——
1st mtge.
514%
gold bonds,
Natural
series A, due July
gold bonds,
Gas Corp.,
ser.
10
779
mtge. 5s, due
York Fire Protection
due
Hard
1
1937_Oct
-1
781
Co.
1944-
Nov
'—Jan
Sep
3%%, debentures due. 1954—L_.
Lighting
Properties,
314%
2
514
.1
514
1
865
606
866
866
783
J1839
■
*
f
433
Sep
notes, •
_J—Oct
series
"C"
to
433
t2288
23
17
699
;
__Nov
1
867
2
165
bonds due 1952—Oct
1
436
incl—
L_
Shenango Valley Water Co., 1st 4s, series B, due 1961— Sep
26
789
•
mtge.
pipe
line
314%
bonds, due 1956
:
ser A
1
789
due 1956_i9ct
1
701
debs., series A, due 1943_Oct
•Taylor iWm.l, Son & Co., Junior preference shares
Union Water Service Co.,
Wilson
& Cp.,
Inc., 1st 4s,
,-Wood, Alexander
WiPi«ms
yr»-ir
IR.
1st 514s,
C. I
Sc James,
&
Co.,
A/due
Oct
1951
series A, due 1955
Ltd.,
Inc.,
Ma^hiPTv Corn.,
ser.
1st '6s,
1st mtge,
1st 6s,
•Announcements In this issue.
dated
(quar.)
common
(quarterly)
Bank
of
Manhattan
of
New
Bank
of
Yorktown
Stock
.Series
Cities Service
&
Shares,
$3.30
Hall
prior
Trust
(Boston)
Corp.
616
1
792
1
rtf
1
872
—Oct
Co.
1
1
class
Corp..
British
Columbia
Elec.
(quar.)_
preferred
&
Wire,
Co.,
preferred
(quar.)_-
Steel
Water
6% " preferred
Ltd.
Co.
&
(quar.)__„
Telephone—
7%
class
B
Car
Fdy.
participating
(quar.)
Co.—•
Co,
9-30
10c
Y.t—
(N.
9-30
50c
T-
(quar.h;r--V_"
11-
2
9-25
20c
20c^
9-18
I0--1^
$2
$2
9-15
10--1
"
9-11'
40c
""'40c —10-1
30c
'30c
9-19
V?
10-15
10-
12-23
$2 "
$2
2-__2
Shares—■
9-19
9-10T
TO-'I
->$$2~
• -rr" $$2
(quar.)
Insurance
;
.
$144
common
9-21
9-21
12-10
v
(quar.)
9-15
9-30
9-30
*
9-15
7 9-30 4
9-30't
'"' 9-25 ;
l;
15c
'
9-20
9-15
'
9-19 7
3
9-
9- 3.
20c
9-21
9-10
Shoe Corp., 5% pfd. (quar.)$144
10-1
Manufacturing Co.—
preferred (quar.)__Z__'_l_ * *'$144' 9- 1
DomingUez Oil Fields (monthly)• Ij25c "** 9-30
Dominioh Bank of Canada'(reduced qaar;)J_* *.
$$2 7' 11- 2
9-21
Delta
Electric
6%
Co.
(quar.)__;
Di-Noc
9-30
Diamond
9-25
9-30
9-15
.9-30'..
"
$$144
1$1V2.
.9-22
10- 1
convertible
Dominion
'
Envelope & Cartons, Ltd.—
8-21
9-17 *'
10-157
-
'
10-
$17 44c
$1744?
9-19
9-18
10-
1
9-23
10-
Duro
preferred
Test
1
9-18
Eastern
2-23-43
Eastern
9-15
^
.
10- 1
1
(resumed)—
Canada Savings & Loan (quar.)
Steamship Lines, Inc., com. (resum.)
$$144
Federal
9-15
8-14
1
9-21
10-15
9-18
10-1
9-18
Auto-Lite Co.-*
Products! Consolidated '(quar.)_—
50c
10-1,
9-21
20c
10-
9-19 t"
Insurance
Co.
JFifth Avenue Bank
Filene's
5c
$1
(quar;)_
Fanny Farmer Candy Shops
;
$1%
50c
preferred
Electric
,
'
J
convertible
'
Electrical
$43c 7 10-109-21
•
Corporation
9-15
9-15
•; •
'-Z'
9-19
.
9-19
J6244c,.
$2
(quar.)
9-15
10- 1
10-,: 1
10- 1
710-', 1
»
8-20
'10-1
7%
10- 1
15c
15c -
•
7% 1st preferred (quar.)»" $$l3/4" " " 91;
Dupean Mills, common (irregular)50c "" 9-1
3-5-43
.$1
•- $1
.
:
30c
(quar.)^-—*-!*
(irregular)
9-19 '•
9-19 *
" 9-21"
9-15
9-21
iSVA'1 .T0-" 1
'
1:
5c
9-21
A..
(accum.)___'_
1
Extra
9-15
,
27.44c
preference
1
1010-
9-15
1'
)
1st pref. .-(quar.)
10-
20c
i
;
(quar.)_
preferred
&
"•
ZJ_
50c
$144
(quar.)
Fund
9-18
9-18
'
Class A (quar,)____
30c
Class B
(quar.)____
±
30c
Crystal Tissue Co.; (quar.)_^.__^__-JZZ_*'__'_'__,_' '"15c
Cuban Telephone, 6%
-preferredr (quar.l-V-ii$1 '44
Davega Stores Corp., 5% copv. pfd. (quar;)_v"3144c
1
..
,
Edison
Forster
9-18
9-28
9-28
$1%.
4
9-30
.
(quar.)__
9-18;
9-19
9-28
;
9-30
TOc,
(reduced)—MOq,
'
' $134
$144'
Canada Bread Co., Ltd., 6%
Canadian
L
1
,$144
Corp.
Forster,
&
10-
25c
class A
common
Products,
California
.
&
Crum
4
10,15
Investing Corp.__
Fence
Burlington
,"
10-
Lamp & Stove Co.
Delaware
Ltd'.-
2L
85c
8% preferred (quar.)
10-
50c
—
9-15
(quar.)
Utilities
preferred
110-.1'
40C
& Gas Co.,
.
9-1.9
t$l 44
Pwr.
1
1
10-15
'
Co
9-
9-
1
|
9-30
$20c
•/,
A
Manufacturing
9-23
410c
—
Light__i__
Gas
Briggs
9-18**
9-18
1',
9-28
40c
-•—
Crura
12-15
T
$4
(quar.)
Mines, Ltd.
r
12-15
9-15"
(quar.)—
____■
Street
_Z'_
—
$5
9-15
*'
10c
.
9-19
1'
Continental Bakings Co., 8% pfd. (quar.)____
Continental Bank & Trust Co. (N. Y.) iquarv)
Cream of Wheat Corp.'_____i___z-;-_2~---V_"
7
25c:
.
1
10-
Consumers Gas Co. of Toronto
9-22
i
10-
40c
Insurance
5%
(quar.)
9-19
T0-.U
,
I
10-
(reduced)
Consolidated
„
11-14
10-, I-
10c
v.
Colonial
10-15
,'lOr
v
; 11 %c*
;
Herald-Traveler
Bridgeport
-
.
1
9-30
.: 8244c
(quar.)_
________J._
Boston
Brown
(s-a);_
1—„_Z_X
Inc.-
Borg-Warner
Broad
series €-1
preferred
Coleman
5
9-20
,10-1'
5.0c
10-
$144
Hobbing Machine
Climax Molybdenum Co
9-
12-31"
V 20c'
<;
75c
$1V4
pfd. A (quar.)_
Telephone (red,)
Illuminating-
preferred
9-23 "
'
; $344;
J_.
,__z
Common
9-15
i
1
12-31-
..:.. si;
i__J_
(quar.)
(semi-annual)
Son,
Bralorne
(quar.)
Y.)
$4.50
;. 10- 2*
■
9-19
Cleveland
12-1
1
9-19
(quar.
9-15
9-15
1
1
(quar.)_„_
9-21
11-.IT.
60c
(s-a)_—______
preferred
Electric
9-15
1
10-
$144
preferred
Cleveland
9-18
9-26
10-
Light Co.—^
$6
■
9-10
9-10
10-
(quar.
(quar.)_
$7
5
9-18
10-
7c;
60c
;'—'
(quar.)_
(N.
Trust
C-2
Barrister
7%
15
1935—Oct
155.
9.-151
9-10
1
1•
9-25
50c
Cincinnati & Suburban Bell
...10-.1
1244 c
'.-J~
___Z
—
Co.
York
Mfg.,
Building
1
872
Sep
Oct. 1,.,1.027
1
Sep 28
1924_—Oct'
6s, dated
tSee Volume
9-22®
&
9-10
62 44 c
Elec., 5%
Power
"
45c
(quarj*,
9-18
9-10;'
f
(quar.)___
prior preferred
$5 preferred
Y.)
9-18
9-18
(quar.)i.„Z_
Cincinnati Gas
9-10".
-.7c-'
-.
10-
•10-
common __________
Chicago Title & Trust Co.
10-
$iya
$1%
10c
(N.
1
10-1
10c
prior preferred
&
1
$1V2
■
*
10-1
3744 c
—
;
9-17
10-
50c
:•
.Ui——
1
Bucvrus-Erie
'Stillwater Worsted Mills, 514%
'(monthly),—
±
convertible preferred
6%
Oct
Springfield City Water Co. 1st mtge. 4s,
(irregular).
(quar.)_______^_—________
Mills
Association,
Brandon
869
1st
Co., com.
(quar.)
9-18
9-30
50c
Backstay Welt Ca. (quar.)____________ —_L'
Bapk of American National Trust & Savings
■Extra
25
Co.r
Sons'
&
preferred
Monthly
Bird
30
Gas
6%
Avondale
Barcalo
Sep
Natural
(B. F.)
Avery
1-
6244 c
(quar.)_____x___-_______^._
9-18
9-30
20c
•
10-
conv.
10-1
$134
'
1
9-30.
7
30c
;
10-
9-30
9-15
9-14
10-1''
Chicago Pneumatic Tool,
10-15
9-18
$144
9-15®
10-1,.
>,-9-23'-:
9-21
9-30
$1=44 '
preferred
conv.
1
(quai\)z_i___l_____L__
(quar.)______;Z_^_u__
Maine Power Co., $% pfd, (quar.)__
Brewing Corp
Century Electric Co. (quar.)
$3
10-
preferred
7% preferred (quar.)___^_z__"_;--______U
■
9-14
1
10-
9-18
T 9-30;
9-14
10-
$144
preferred
»
,9-18
<quar.)__________,____
preferred
$2.50
1
30-1
5c
Centlivre
9-18
,
$6
j
10-
preferred
9-30
Sl^'
(quar.)
4,
.
9-16
50c
Chemical Bank & Trust Co.
9-30
_______
(quar.)_
___!'
(quar.)_—
Co.'
Bank
1
785
(quar.)
Construction_____L_Li._^—J_Ti—
Press
Bank
1
Puget Sound Power & Light Co., 1st & ref. mtge. bonds-Sep
Southern
preferred
Metal
Atlas
class A
Light, $6 pfd.
Boston
L_
"J"
$7
Art
&
2nd
1
"10-"1
■
$144;
Corp.li.__-_r_;zZ_rZ_:Z---
9-15
common________
prior
^Central
9-23
$144
(quar.)
Locker Co.,
Power
$2
'.Pittsburgh, Cincinnati, Chicago & St. Louis Ry., consol.1
bonds,
preferred
Common
secured
1st preference stock
7'%
American
Arkansas
1955
7%
7%
v
25c
—
General
9-20
..
.
8c
common—
(quar.)
9-14'
25c'•
10c-j''
(quar.$1.31 Vic
Rubber,
prpferred
(quar.i___
y
9-30
6"
10-
" $144
"SI1
'
(quar.)____
Light, $6 pfd.
9-30,
: 9-30,''
.
Mfg. Co._„15c
common—
&
9-18
'
.
,
9-18
9-18
9-30/
10-
A'-iquar.)ZZ-_-Z_-_ZZr7L__^T;''%75c
Co., 5%'1st preferred
Power
5%, prior
6%
Ltd.—-
of Rec,\
10-15
$2c
50c
Co.,
(Celanese Corp. of America,
;
i
$1244c
(quar.)_Z_l_
Holders
9-30
$$1=44
Co.
preferred
Carriers &
9-10
Foreign Investing Corp;_—12V2c 7 '.- 9-21
& Hoe Co., 6%
10-15
pfd. (quar.):.
v, Sl'/a-
*
21
$7
;
Mines
10- 1
25e
L
—_
Foundry, 7% hon-cum. pfd.v *
$1%
American District Telegraph, common (quar.'f.»$1.44;
5%
preferred
(quar.il-—
SI1/*'
American
Oct
Co., 1st mtge. 4s, du§ 1954.
Parr Shoals Power Co., 1st mtge. 5%
mtge.
9-19^;
$3
Carnation
Holders
10-10
Mills
Gold
Administration
Carolina
Payable'of Rep.
Fork
Sep
-
.
; *
-
PerWhen-
1
American
1. 1955-Oct
1,
1947
Outlet Co.,
Co.__;
2
American
2, 1943—Jan
B, due April
1st 4s due Sept.
j T
...
v
share'
>
Business Credit—
781
Gas & Electric
Corp., 1st lien collat: trust I
bonds, series B, due June 1, 1947__'
!
Oct
Newport News & Hampton Ry., Gas & Electric Co., :
North. Boston
Extra
864
5%
American
Goods
1
National
North
/
..
American Car &
15
Michigan Chemical Corp.,
debentures due 1949_j___Oct
2
Military Academy, 1st mtge, 6%, bonds—
Oct
1
Monroe Coal Mining Co., 1st mtge. 6S, due 1947
.;
Sep 18
Moran Towing Corp., participating pfd. stock
—Oct
1
ref.
''
Mfg.
Brake Shoe & Foundry,
AmericKin
1
.,
(quar.)_^___—(j. ,' ' ! 6c"
514"/yr>refSrred
2
Missouri
1st &
Aluminum
30
-
—
New
Malartic
r
9-30
'."T25c
(quar.)_____i.______,_______ General' Investments (quar.)•
,
Allis-Chalmers
1
.
rec¬
un¬
Payable
$25c~
preferred
Capital
bids
When
s? 'thar* ^
Canadian
,
v.
T";1 •..Per
•;% »■" -/'■
(quar.)
common
Canadian
in the-week when
!
Name of Company
:
American
Kentucky Hotel, Inc7 general mtge. 6% gold bonds___:_Oct
3
Lefcourt Realty Corp., conv. preference stock—Sep 21
Libby, McNeill & Libby, 1st mtge. 4s, due 1955_^_—Oct.
1
Litchfield & Madison Ry., 1st 5s due 1959
Nov.
1
Long Island Lighting Co., 514% debentures, due 1952__Oct' 1
*Magor Car Corp., 7% preference stock——
Oct» 1
t
7%
in
."General Corporation
-i
;
Sep 25
stock
States Steel Co., 1st 414s, due 1961
Hartford Electric Light Co., 3% debentures, dated
Home Telephone & Telegraph Co.—
*
Houston
our
-
„» Extra
given
are
many cases
Addressograph-Multigraph Corp, (quar,)„„" 25c.
Ahlbelg Bearing Co., class A (quar.)_
8%c
"■
1st'mtge.
Gulf
-
second table
a
Further details and
in
7,. "•
•;;'
Name of Company
Celanese, Ltd.,
4
In the
-
sealed
Sept. 21 for the pur-;
'Interest A-O.
.T,■
,
receive
bonds. Dated Oct. 1, 1942 and due
Oct. 1 from 1943 to 1952 incl.
Canadian
Investment News Department"
Acme Stock Co.
863
1965
preferred
;v
Secretary-'
municipal¬
on
■;..'c•'
follow with
we
will
til 5 p.m. on
Refunding.'
i*.
.
.
Paper Corp.,
Gamewell
G.
Then
■
863
1
__Sep; 16
Muskingum Valley RR., ,lst mtge. 4s
bonds,
Eaton
r
—
chase of $10,000 4% improvement
1'5,500,000
show the dividends previously announced, but
we
%
690
Dallas Office & Club Bldg., Inc., 1st mtge. 5s due 1944__Nov
Duluth, Missabe & Iron Range Ry., 1st 314s, due 1962—Oct
East Tennessee &
1943-1962
Bond Offering
ity
Tit
4,898
.
in Augnst__— $15,511,972
bonds sold
grouped in two separate tables.
are
747
tl827
14
bonds, <
!_______Oct
,"
Sept. 1, 1942.
Barrette, Que.
Treasurer of the above
TOT.65
36,000
The dividends announced this week are;
„
due :
________Sep
Central Maine Power Co.,
series
Oct
Tii
r9,725,000
,
194i-1957
.
.
•Temporary loan; not Included in total for month,
declared.*
,
A,
3 Va
'"
Mining Co., 4Vi% debentures duel950_Oct
1
Works, 1st mtge. bonds
Oct 4 1
Albany RR. Co. Main Line, 1st mtge. 414%, >
&
series
8,433
Que._—*___4.
municipal
under the company name, in
747
•:4747
Anaconda Copper
Boston
1957~"~~
Toronto, Ont.2——22—.—2V2-3
which have not yet been paid.
Page
Arnold Print
California
To2T6
Vol
98.54
Ont.—f—l4
ord of past dividend payments
T
Date
3.48
101.25
bring together all the dividends announced the
we
which
date
-/
'
ment bonds. Dated
T0OT8
20,000
653
current week.
including
Corp., income debentures due 1963—Sep 24
debentures dated
'.<!
,
.
first
bonds, notes,
sinking fund provisions.
Company and Issue—
10,000
>-:■ 1943-1962
55,000
DIVIDENDS
and the page number gives the location in which
the details
,
98.10
11,057
Cannon
for
~
118,700
.
•200,000
(Province of)__
Twp.,
.
til 5 p.m. on Sept. 14 for the pur¬
chase of $62,500 3%%, improve¬
...>
Quebec
1.44
indicates the redemption or last date for
making tend¬
ers,
3.48
2 W? 1
de Bellevue,
Bond Offering—J. Marier, City
Clerk, will receive sealed bids un¬
Basis
V
1943-1952
Ont.
Anne
Price,
102.57,
•50,000,000
1943-1952
.
——
Stamford
2.85
[
list of corporate
Quebec
•45,000,000
;
Que.——————22*4
St.
Dividends
;
'
*';.■■ ■*_21
Drummondville, Que.
AUGUST
$22,884
.
,
Twp.,. Ont.»—,—
Salle,
IN
•75,000,000
•
Twp.,
Ont.
--
of)*———
Que,
—
La
■
^
Ont.——^-4. i
Granby, Que.-__,
-2Vz
Redemption Calls and Sinking Fund
Notices
(Dominion
653
1.74
100.28
,
promised Britain the colony
be responsible for its own
finances.'f-•'/■;*; i4
for July.
are
0.92
50,000
*
^--4
'
of)L^_-_^—2^-r:.-..
653
1.94
100
war
Govern¬
would
Amount
1943-1952
(Dominion of)_*__u.
de
653
1~58
-
100.40
33,950,000
1943-1952
/■•'. Maturity
Rate
Cap
Ont
559
100.51
100.06
60,000
•
1944-1972
/
.
..
MUNICIPALITIES
CANADIAN
BY
Canada
477 Hamilton,
1.13
49,000
1943-1952
Califs—
100.77
43,000
1945-1951
.
SOLD
(Dominion
558
200,000
'7
Name
Twp.,
653
125,000
a suc¬
and when
Commission
RFC and PWA loans);, for that month $47,317,829.
or
Canada
653
3,000
—1%
earned the
25,000
i
(unless otherwise noted)
477
75,000
1943-1962
feales
above
740
r50,500
1943-1957
__various
■_
of deficits
ment
Canada
1.63
*
4
Minn.
Britain had covered
cession
T74
r70,000
1943-1947
.
'Vv
;"V
•
of war,
100.20
100.03
'■
Barton
T79
.
1945-1957-
>
1-4
—
558
T0O.O8
1 948-1962'
144-1%
MiCh.
D.' 8,
477
4.00
3,128,000
1943-1962
1942-1951
558
30,000
1943-1976
-
_—2lA
558
100
2,000
1—"
___2
Texas
•
2.00
4,000
62,000
"•
1943-1955
and ;estab-
war
Between 1933 and the outbreak
1.39
100
9,000
-
—1%
'
the
of
Page No.
1.07
9,000
r466,00Q
244 "
(June)_—„_2
S.
Twp.
DEBENTURES
Tl3
100.65
41,900
*
___
100.60
8, Ariz.__^—3
Pa
;_i
temporary
"
38,000
1943-1952
-
D.
'
of
States defense projects on the is¬
land.
"v
'
Basis
100.01
101.50
'
53,000
-
1943-1953
Ore.—2-2V4
C._____.
Price
Price
'
r30,000
1944-1953
outbreak
These additional July issues will make the total sales (not including
1L38
*
All
\
100.10
110,000
"
1943-1952
"
Co. S.
Ind.'—IV2
Holly Twp., N.
(June)
.;
..
Tl7
100 44
200,000
,
1943-1951
—I—
the
lishment of Canadian and United
$12,500
-
by
which
sales
; 5,000
1945-1954
'
1
'
.
many
years: and this year's
huge surplus continued the trend
toward prosperity evidenced since
,
,
36,000
1957
_________
649
Mount
1944-1953
Neb.—various
Locks,
S.
Mass.
Antonio,
Maricopa
475
1943-1952
^_2
N.
San
Detroit Lakes, Minn.
473
2.25
r50,000
1943-1952
(
—144
740
555
1.45
1943-1955
4
—
111.
Co.,
3.00
100
.
*
3
Richland Co., S. C
554
652
100
__4
Cascade
Decatur Twp. School Twp,;
100.30
45,000
—1
Pa
Quincy, Mass.
476
-
Wis.__
;
f.
obtained
T
Amount'
Amount"
*
'—
•
'
;
the Bud¬
Last year's surplus was the first
Refunding bonds.
'
t
'-'Maturity
(April)'_L_^__4v-33/8
Calif.
T'
:
deferred
a
in
'
additional
>
colony's armed
on
included in
were
'
get.
funds
or
-
increased leave allow¬
2.36
,
loans
overseas
and
ances
T.37
—-—
temporary
.
Rate
Name.
Co.,
417,500
197,5
L—2Vi'
Iowa
Peshtigo,
Port
Page No.
•
Crosby, N. Dak.^_-__—IT—3%
1943-1948
Housing Auth.,
Ottumwa,
previous months: T
Butte
Ohio—
__
100.08
TO062
20,936.
;
of; the following
475
1943-1952
_—144-'
Springs, Miss.
653
learned
r31,000
___1_1V4
Ohio
740
'•
also
473
1943-1954
Co.,
have
1.22
rl7,000
$55,647,500
40,000
12 years
—
Hudson,
Hill,
We
basis
issues)——-,--_-_k$47,102,310
separate
including
forces
1.09
100.14
rdl5,000
1943-1952
August'(91 municipalities
ji43,500
Ohio___i____—%_2 44
Northampton
for
1.57
100.16..
States and municipalities from agencie? of the Federal Government.
1,049,000
,
1943-1952
_____l3/4
Ind.
Oak
1.39
___'
33V
—
652
■
,Z-____
—___________Z244'
653
>
~1~95
100.33
101
k Not
occurred in
__1_444"
Del.
Too.41
10,000
r208,000
.
1944-1958
IV2
sales
100.08
11,000
——2%
to members of the
To 7
100.52,
rl08,500
1943-1952
—_21/4 -2 V2
bond
d Optional,
67,000
.
.
at
revenue
A non-interest bearing loan of
$1,000,000 to
Britain, provision
for pay increases of 41 cents daily
1.30
97.76
,15,000.
1,000,000
,
estimated
Wild
$18,744,000 and .forecast expendi¬
tures
of
$17,722,000, t leaving a
Budget surplus of $1,022,000. .4' • }
1.10
27,000
1943-1948
'■.*
„
d75,000
.
.
<:
Budgeting for the current year,
Mr.
r!5,000
,
1943-1957
1943-1953
Neb
Muncie, Ind.
737
;
Milton,
,
!.
rl50,000
1944-1958
_J
Miss.
100.60
3-20 years
1
covering
.
L59
5.02
t
rl72,000
7
5,000
1943-1947
,
-1V\
Zanesville, Ohfo
3,500
95 f
6,875
1.47
Reorg.
473
Co.,
City 8. D.,-Ohio_—144
473
Winona,
476
Total
ToT.54
Cos,
T—
Willamina, Ore.
474
3.25
100
138,000
—Z_
__—144
Medway, Mass
473
—
15,000
—1—":
_r—____Z-IW
Wis.
i
___i_244'
Massillon
Wichita, Kan."
Pierce
2.28
.1! r440,000
1943-1952
740
r40,000
*
1944-1957
Manchester, N. H
652
:__1V8'
and
1.14
107.72
'
1943-1967
400, Wash
100.16
100.57.
25,000
' \
;
expenditures of
$15,500,000.
'
1.
Marinette
738
»
~2~50
*
Tenn.____
556
—
44,000
r34,000
_______.244
Ky.__
Co.,
558
J
Too""
l3/4-2
Co.,
Wichita, Kan.
649
Dist.
Miss.
Co.
649
f
,
of $16,200,000.and
145,000
1943-1967
3.75
,<
__:_3
issues)
(3
Texas
Co.,
Wayne Twp. School Twp., Ind,—J. Vi
West Virginia (Stat? of)——lV2r3
_2——1-15.
1943-1962
—
Lamar
738
'
103,52
4
Sub-Drain.
Miss.
Jackson.
Wayne Co. Non. High S. D. 200, Ill._
473
558
1.95
4
and
—6
-
La.
650
477
Wauwatosa, Wis.
1.72
20,000
—
Ky._
Parish
Thurston
653
473
100.04
.
1943-1952
—
(2
111.
111
D.
(Continued from page 911) - j
surplus of $700,000 from' revenues
,,
•,
Thebes,
Thebes,
S.
100.51
rl25,000
1944-1948
558
1.67
1.98
1943-1952
554
100.84
7 0.86
100.78
;
1952-1956
554
1.42
'*
1943-1952
/
Lake, Iowa_——i.;.—,
557 Summit Co., Ohio
477 Tarrant Co., Texas^___-_
1
2.70
1961-1963
2
144
issues)— -344 *7
Pa.—
Hicksville,
Hidalgo Co., Texas
100.36
100.36
__
1947-1954
_:_13
738 Storm
8,000
.—
144
Ohio.—
Somerville, Mass.
Springfield, Tenn.
Basis
100.01
f' 1-15,000
1943-1947
144
Heights,
2 44
Texas
Price
706,000
210,000
'
7 7
S., D.,
740
3.00
•.
'
•
652
100
55,000
,
111.
558
Shaker
Ind.
650
3.50
1943-1950
—2 '/a
—3 44 *
-Z_
--I3/*
Neb
739
.
Ohio
Fla
557
2~64
100
d4,799
1945-1955
_
Payette
Sheffield
22,000
1943-1952
-
557
Too TO
Amount
Amount
,,
.
Monday. September 14,1942
•
,
100,000
Sedgwick Co., Kan.
—r28,000
—21,000
.
Deport, Texas _Z.__————4
557 Elk City, Okla
;
l3/4-2
558
Maturity
,
653
80,000
_
Rate
738
Too
"100"~~
rlO.OOO
dl5,00Q
r!85,000
4,000
.—3%.
Texas
D,,
476
557
'
Name
Francisco, Calif—-fUJ-lLO.75-2
,:1944-1946
Scranton, Pa.
——2-'-* •'
1943-1957
Basis
5,500
;
_——_
S.
557
652
\
1952
3
Dak._
r75,000
19,000
r9,500
—
553. San
557
Price
Amount
6,000
10,000
14,000
Maturity *
-
Texas
39,
N.
>
Rate
-
D.
.
(Wm.)
&
(N.
(N. Y.)
Sons,
fquar.)__*
J.)
(
(quar..
(quar.)
common
(quar.)____ '
.
10-1'
3744c
10-
35c
$6
25c
1
.,
1
10-
1'
10-26 '
•
9-15
•
s
9-19
9-">0
10-15 '
10-t 57
434%
preferred ••(quar.)_^_^^_u_ri^_*_jL2;' $1;1834. '•'.'*10-26;*
First; Natiqnal Bank of New York (quar;)xZ •
$20 • .<10-* .1 ' 79-15
Machinery Corp. (increased70cr
9-30
9-15 '•
-
Food
.Volume 156
Number 4107
THE COMMERCIAL & FINANCIAL CHRONICLE
"*
919
"
"
'
-..-r
:'..
■■
Nam? of Company
V
,
.
Per
When
share
,(
Payable
Forbes & Wallace, $3 class A (quar.),.
Forcl Motor Co., Ltd.—
Amer.
deposit rets, fpr ord. regis,
Formica
Insulation
Gemmer
$3
Holders
io- 1:
75c
9-24
53/10c.
9-11
8-11
50c
(final).
10-1
Manufacturing Co.,
class
B
(quar.)
9-28
40c
9-18
10-
lt
(quar.)$1%
10-
1
'
Pennsylvania
(quar.),*;
!' 15c
Ink Corp.; $6 pfd, (quar.), '
$1%
Co., 6% pfd. (quar.)
$lVa
Gilbert (A, C.) Co., $3Va pfd. (quar.)87Vac
Girard Trust Co. (Philaj
50c
10-
1
1
9-21
preferred
General Industries,
A
5.%. pfd;
(quar,)
'
General Instrument Corp.
General Printing
General Tire
&
Godchaux
Sugars, Inc., class A (quar.),!_!_
"'$7 preferred, (quar}*-**,!!:!!*-,;;:!*,;!!
1
1
9-10
10-
Brothers, $2.50 con v. pfd. iquar.),
62VaC
Goodyear Tire. & Rubber (Canada i— .„>!
i Common
(quar.j__!_,___;,!,,: t62cr
,'5r/c-, preferred
<quar.)____;
'
J621/ac
Gordon Oil Co., class
>
20c
1
(Winnipeg) (quar.)
Great West Saddlery po, Ltd.—
.
6%; 1st preferred (quar.)
•i "
.6%" 2nd preferred
(accum.)!;!,,!!*,*,*!,
Common,
10r
1
Griggs Cooper & Co., 7'/o
pfd.
9-21
9-31
10-15
10-15
25c
,9-26
>9-21
10-
1
10- 1
:
Investment
V
Trust—
8-25
,
9-
.
1
10-
1
10-
1
i
-:;v.
(s-a),;!;,*! ZZI!!!,!!*,;>37Vac
Guardian Investment Trust, $1.50 preferred,
* >55c
Guardian Public Utilities Investment Trust—
"Preferred '_•_!
--.-I,:,:!,!;,,:,*:;!.!,
40c
Reed
Guardian Rail.Shares Investment Trusty
v
;Non-cum. Series I preferred /(Irregular)*!^;,;; 40c
Guilford Realty ; (Bait, Md.), 6% preferred!
t75c
Gulf Coast Water, .7% pfd. '(annual).:!,,,,,,
70c
Hanover
Fire
Insurance
Co.
Harris Trust & Savings Bank
Quarterly
Hartford Fire Insurance Co!
■' ;yv $3
'
Heller
<
(Walter
(quar.j!!!!!!,,.: yy 50c ?.
Hires
50c
$1%,
(quar.),,
E.), Co.
(extra).
Co.
Sound
Common
Co.
Co,
.
pfd,
-
,
Kansas Electric
&
preferred
$6
9-19
10-' 1
1010-
1
V 10-
$1V2
10-5
,
10-
1
10-
1
10-
1
10-
1
.
*
;
10c
(quar.),
Kansas Power Co./$6 preferred
y
preferred' (quar.):
Kaufman (Charles A.)
:
„
$1%
9-15
Utah
9-19
Van
Co. :<quar.)!!!*!!.L>; v; 50c " >9 10-1 ;••■/; 9.i8.
9-15
9- 4
prior preferred—i-iiiiUU'/i: Vv-V. t$6
37 V2c
10- 1 v
$1.50 preferred.'(quar;),!! •
9-18
.t30c- •10-1 W 9-20 y
'.Kobe, Inc.-, 6 '/o-prefer red A*iZ:,:!!;,!,;!!_/;
4
10- 1 y! 9-21
$1
\Kresge Dept. Stores, A'k. conv. pfd. .(quar.),
y
eyes" Fibre,. 6%
Kirsch
Lambert Company
Le
Rol
Liberty Aircraft
Longhorn
37'/2c
(irregular.)
Company
Loomis-Sayles
25c
Cement,,
Mutual Fund
Louisville Gas &
class A
Mahoning Coal RR. Co.
'$2
conv:
preferred
10-15
37V2c
(quar.)
(quar.)_2__>
(N. Y.), com.
(quar.)
■
:■
9-30.yz
9-15
;y; 9-15
:
10-
50c
1
1
'A'
1
9-15
;10-15
9-30
*
Mapes Consolidated Manufacturing
Midland
Trust
Marlin-Rockwell
j y.-Z
iquar.)i,;
Corp-
Marine
Co.
(Arthur)
McKee
Johnson
&
&
Y.)
30c
(quar.).,
pfd.
(quar.)
t$lVa
•
Co.; class
Co.
Bank
Merchants
&
i'r-
;<
of
New
Miners
Meyer-Blanke
York
:■
(quar.),,
preferred
*
Moline
Pressed
Steel
1
9-30
10-
9-24
9-15
y
$1V4
10-1
9-19
'i
$134
10-1
9-15
$1V2
10-
1
10-
1
class B
$1V4
(initial):
Abbott
4%
9-15
;
9-
9-20 ;
9-10,.
11-15
9c
12 V3c
Monongahela West Penn. Public Service—
10-
8
'7%
preferred
Montana-Dakota
(quar.)
Utilities,
9-17 !•
43 %c
10-
1
10c.
1
9-15
v
:,
l
9-15-
.
$iv4
10-
1
10-
1
;; 9-10
$1%'
.;
$l%
,
f
.7% ..preferred
10-. 1
«
..
10-
•
$iv2
',!'$!%>
(quar.-)va2r--i----~ii,4i—
">>
Morris Plan Co. of California (reduced quar.)
Murphy (G. C.) Co, 4?/4%> preferred (initial)
National Candy Co., comraon:;-,-.!:",!-,'.--% i%%1st -.preferred (quar,
9-10
; 9-io
1,,
9-30 !
9-21
Albers
'•t.
—
(irregular)
conv. "preferred (s-a)",
1„,_—
N. Y.. & Honduras Rosario Mining (interim)!
;
,'■:$%[
Newberry
k
(J. J.)
Realty Co.—
..
/.
tf
(quar.)^,::_,u_:;:_":_
-.
Nicholson File Co. -i(quar.),v-r.--—-:
Wire. Weaving
1
y
15c
10c
y 10-
;
$1 Va
9-15
75c
9-
9-26
9<
$1 V-?
$1 y2
1
9-18
50c
15c
9-22
Allied
Co/;(quar.)'
9-15
9-15
1
9-11
9-15
5
$6
7
-
i
11-
$2
9-15
s
2
9-16
15c
> 9-30
9-10
1
9-30
9-10
*
9-30
9-19
.
50c
9-14
9-
10-
$1
■/
!:i
1
9-15
9-25'
7'/o
9-30
'
9-17
$112
10-
'
$1 Va
10'
1
9-15
1
9-15
9-30
9-25
;
t75c
10-15
9-20
w
50c
10-15
9-18
V
1C
9-15
10-
9-30
9-18
9-25
9-15
When
-
25c
1-
9-30
-
$1
$5
15c
10-
1
9-30
10-
1
10-5
•
<'
:
v
9-17J
9-19
9-17
•
'9U5 .*
9-21*
9-25
$1
20c
25c
(Hartford)
pfd.
1
.,
9-
.
1
(quar.)
10-. 1
-
30c
9-
4
l
9-
4
io-
$1V4
-
.
9-30
i$I3-4
*
IO10-
1
10c
*preferi^d
-
•,
10-
10-
,
9-21
10-1;
,
10-
$iv*
10-
25c
50c
(quar.),,
9-10
10-
9-17
1;
-
1
.
9-15
12-15 :
12-31
12-15
50c
10-31
10-15 ;
30c
9-30
50q
9-30
$1.06 Vv
10-15
25c
10-15
"Hxtra,y7y:Ty_y-;yyT"_'--ryiyf!.',i'-__-:_--,--"
American
,Airlincsy^4.25, pfd.; (quar.)______
Apqerican
;AUia^
,
.
9-15 :
9-15
10-
3
10-15
*
1
1
9-30
;
50c
9-10
1
9-10
9-30
9-12
10-
t$i%
9-30
9-12
$iy2
10-1
9-15
15c
•!. 9-15
$iv4
■
11-2
.$i'
8-21
10-
5
15c
.
9-14
10-1
9-18
15c
■■x
9-19
75c
;•
9-15
10-
25c
1
10-1
■r-'l7c
H
9-
1
9-
.
4
-
9-15
RR.
$1V2
9-15
8-31
$1 Va
; 10-15
9-30
10-
1
9-10
,
Sl',2
10-
1
9-10
J
t$3
10-
1
9-15
$i%;
—-—
9-30
7 V2 c
/
112 V2c
.
37 VaC
1
9-15
8-31
1
$1V4
10-
9-11
1
;
8-31
1
9-14
$1
10-
1
9-10
t$i
10-
1
t$i%
10-
1
8-31
+$2
10-15
9-23
15c
9-15
9- 1
37V2c
.-y-
.
9-11
9-15
10c
50c
9-30
9-15
yy
(quar.)—__——
Co.' (quar.)—
9-15
1
10-
10-
;
3
9-14
-8-31
25c
(quar.)
9-
1
9-15
•". $1% .y
:—
3
10-
40c
(quar.)__—_,
9-
9-15
V
.10-
35c
Cquar.),,
common
9-30
6v4c
(quar.)
(interim)——
>
10-
8-31
9-30
Ltd.—Z!!!—'
7%' preferred (quar.)
(quar.)
—
.
.
9-15
9-25
8-29
si34
'
:
10-1
9-
4
Co.
$1
10-
1
$1
10-
1
,
9-20
.!!;„,!_——
Birmingham Water Works 6% pfd. (quar.).
Bishop Oil Co. • (quar.)
—
Black & Decker Mfg. Co., iquar.)
9-20
.
9-
1
2 v2c
9-15
9-
1
40c
9-23
9-10
25C
9-30
9-21Z
9-30
9-21
9-30
9-25
1
Laughlin common—
—
■-5%- convertible preferred (quar.)
—
Bloch Brothers Tobacco 6'/f pfd. (quar.)—Aluminum
Stores, Inc.
fy
9-15
y 9-15
9-10
(E.
;
&
—
.
Inc., common, (quar.).
(quar.)——!——,-,--.——
Brillo Manufacturing,
Bristol Brass Corpora tion__
Ltd. (regis.) (quar.)
British-American Tobacco Co, Ltd.—
Ord. regis, (.interim! (coupon No. 190) —
Amer. deposit rets,
rifd. regis. (S-A) —
British Columbia Power, cla*s A (quar.)——
British American Oil Co,
50c
Corp., $6 prefened
9-30
Brunswick-Balke-Collender
$5 preferred (quar.)—
8-31
1
9-10
9-19
9- 8
10-
'
25c
10-
1
9-12
$$1V2
10-
1
9-15
9-16
25c
9-30
$1%
9-30
75c
9-15
9-
9-15
8-31*
t$lV2
Co.
common—_*
—
9-16
1
20c
10-
1
9-15
50c
10-
1
9-15
9-15
8-31
75c
1
9-10*
t25c
*
10-
lOd
-
10-
7
9-
1 1
10-
7
9-
1
,
Brown-Forman Distillers
9-30
$2
$iy4
,
Power—
'■6% preferred (quar.)
Bridgeport Brass Co., common iquar.)——
5V2% convertible preferred (quar.)
—
Briggs & Stratton Corp.—
Bright (T. G.) & Co, 6% pfd." (quar.),—
A
.
-
Sons "(irregular)-,——
Traction, Light
10-
50c
40c
(quar.)*—,*,——
Bearing -(reduced)—
J.)' &
,
$1V2,
Brass,*———:——
Boston & Albany RR.,_—.,!»
Roller
37 V2c ;
(quar.)————
Boston Elevated Ry.
9-15
$1 v2
y
&
9-18 ;
-
$l'/2
.
9-
9-21
9-14
—
Ties,*——
RiVer Mines,
Class
9-30
9-30
9-30
9-15
(Quar.) J
—
12-31
American AgriculturalUhemical Co.,,:
9-1
13c
Brazilian
8-31.
9-15
9
9-30
62 V2 c
Brack
9-15
9-30
1
9-
;
Packing
Bower
,
50o
petroleum Gorp.' (quar.)
(quar.)"—
1
Ltd.—
(quar.)——
Bond
9-17
9-15
.
1
Co.,
Bohn
.
3
9-15
10c
Bethlehem Steel Corp.,
.
$1^4
preferred .Jquar.)—^
Roof- Corp.—
10-
15c
,
9-10
1
,9-25.
$1V2
4
9-10
9-
9-28
9-25
9-15
$i
prior preference series 1938 (quar;),
$2.50
Bliss
9-15 "
,
America-—
(quar.1-,,
preferred
10-
1
10-20
15c...
;
9-
10-1
43 %c
.-
.9-10
15c
\
8
9-21
25c.
,
9-
I
$1V2 ;
.
,
9-19
9-30
,35c
(qpar^!:-::!:,,,,,
American /.Asphalt
Creek
.Extra
12-19y
12-29
$iv».
,
9-12
y $i'/4
(quar.)—.
'
;
(Hartford)
N. Y.)
Bibb Manufacturing
9-15
1
$1V2.
...
_______
;
9-15
1
.
9-22
,
$3.
:
,—
9-26
I
'•y 75C
V
-
*
1
9-11
1
10-
120c
iquar. I
Canada
of
Brummel
Berens
(quar.)
(Watertown,'
Portland; Ce,merit P.!:':;,:,,;,,,.;,,:
; Amerada
67t>
.9-18
"
Products,/common ,.:rquar.)_—!______
Common
>7%;
1
9-15
<9-
9-29
12 V2c
Belding-Corticelli, Ltd, common (quar.)——
7(/c preferred (quar.)
—
Bell Telephone Co.* of Canada (quar.)_—
Belmont Radio Corp.
(quar.)
—
Beneficial Industrial Loan Corp, com. (irreg.)
; 9-14 •
9-15
$1
:
(quar.)
(quar.)
!.(quarJv^:!_!iP-4-.---f~-.*.P
;(quar;),
Aluminum.Manufacturers,icommon
,7 % preferred (quar.)
..
10-
-
ry-;
—
Investing com.
preferred
Beech-Nut
9-15
10-
9-28
-
,3714 c
AluminumkIndustries
»
10-15
:
;
9-20 '
-
9-30
25c
-6%
.
9-17 V
'
40c
9-20
;
!
Canada,
s
9-10,
9-21
$1%
;!.■ $5 preferred (quar.
(Hartford)—-
& Surety. Co.
5%;preferred (qpaL)
8
9-15
>
;
(quar.)
(quajr.li,^!™!^
Aluminum- Co.' of
10-16
10-
1
1
;
9-15
25c
iquar.)
Bayuk Cigars.' Inc.'
!
!>Beatrice Creamery Co, common
! Beau
10-
$1V2
y
t25c
Scotia
Bastian-Blessing
$5.50
1
v.
preferred (quar.)
6%
10-
15C
common—,———
Bankers Trust Co.
of Rec.
1
-!. 10-
10-15
$1 y2
!
Light, 6%
Nova
Barber-Ellis
Beech
.10-
10c
$2.25
Company—
of
Bank
Holders
Payable
30c
y
:cjass.rA,'*(quarJP'_!'_;:i_r:'-__,,,,,—
10-16/
2
share
•
'
y-"
6% preferred series "A" 1924 iquar.)
6'}<> preferred (quar.)
!
—
Bangor Hydro-Electric T/e "pfd. iquar.)
6V«
preferred (quary,!—
9-15
10c
V
i.,,,,,
1
v
5*
9-
:
Refining, common
Mills,
Avondale
Baldwin
9-10 r
1
$1V2
9-
(quar.)—!
Automobile Insurance Co.
9-20 V
10-15
,
pfd.
preferred (quai;
Automotive Fire Alarm. (Del.)
(reduced)——
t$l%
iquar.),,:,,
9-10
10-
50c
Co., $3
Autocar
*
9-15
2
(quar.)-.
Gas
.
8-31
9-15
preferred
Atlanta
,
1
9-15
10-1
25c
(quar.)-*-!,——,!—!,!!,,.
preferred iquar.)
Atlantic Refining Co., common!——,_—rT!,
4% preferred convertable A (quar.),—_!,,
•Atlas Imperial Diesel Engine,!—,—:—!——;
•
9-10
9-19
'
.*—,!—
(quar.)
1
of
9-10
1
10-
Sl34
>■'•
5%; preferred
9-14
18c
-%
Common
1
•
25c
'
Co.—
i
(quar.)
A
8-15
9-15
9-30
30c
(quar.)——
Associates Investment Co, Com. iquar.)—!,
9-19
9-25
&
8-31
9-15
10-
.
11 Oc
Oil
preferred
,
,
,
,
10-
60c
$i'/2
preferred' (quar.)—,——,
Associated - Breweries
5
.5c
40c
.
5%
..
25c
•-?.'
Electric
&
Corporation, Ltd.
Ashland
,
8
8-31
10-15
12 V2C
Extra
9-25
8-31
8
9-
;
.9-21
:
20c
$ 1 Va
Corp.—
Works
9-
9-21
$1%
(quar.)—,,—————!—
Cork Co,
Metal
Asbestos
-;
■
1
9-15
10-
t$2
-
Art
10-14
10-1
$1
1
,
,
50c
(Del.)., 7%
Constable
Arnold
f
Works
convertible
4%
9-21
9-30
10-
,
12- 4
1
$134
'
4
4
9-
(Indianapolis)—
Mining—
Mining—
Co.
&
Armstrong
9-24
1
10-
"
;
9-15
12-15
Copper
Copper
9-
1
$1%
.,!„——:!_—;
1st preferred,
Andes
8-28
9-15
9-15
Foundries
Water
Anaconda
9-15
9-30
;40c
(quar.),-.
9-15
10-
t75c
pfd. (quar.) —
(quar.)—_—
American Tel. & Tel. Co. (quar.)1,*—
American Tobacco Co., 6% pfd. (quar.)
i
5
9-10
$134
Sugar Refining 7%
American
,
9-
9-26
25c
':J
9*
9-24
.
20c
American Sumatra Tobacco
V
10-
1$8
»
'
Alpha
9-15
■4__,!—;
Stores
Armour
1
P
1
t$l3/4
Service, 7'/»
Steel
American
;
1
10-
Public
-
f
10-
f:''
37VaC
LaborAtoriesvyinc.,--.,!
i
10-
62 Vic
—
preferred-
Iquar.)
10-
50c
(s-a)—
Co.
9-15
t62 V2C
Power
American
9-15
vf
9-22
10-
62 V2c
common
Insurance
(quar.)
(quar.),—-—,!-—
& Light Co., $6 preferred—
American
"
9-2P'
9-30
y
y>': 75c
'
VAlliedvStorqs:Cprp.f common_:^___,_,^!__,_
v!
!
11-
1
10-20
10-
:
11- 2
1
Plantation,:____V-J,_l_,__!
10-30
a
8
9-16
.
1
(reduced),*!—;,,--—,
American States Insurance
give the dividends announced in previous
The. list does not include divi¬
Chfi"mIcgU&. Dye Corp.
Allied
•„
9-21
1
10-
Colony Insurance
9-19
9-15
10-
Paauhau Sugar
9-16
9-21
25c, ;; 10-1
30c
Ohio'Water Service Co,>class A_,—.
'
*
9-19
Supef-Markeis,, Inc. pref. (quar.)",— '
Allied
"
9-16
.
9-p0
NovAdel-Agene Corp,' (quar.),:—50c
Ogilvie Flour-. Mills (duar.),^,-,_.v;:__:.:i
$25o
/'Old
9-21
.
■
*
preferred B .(quar.—
Newport Electric Corp., 6</» pfd. (quar.)___';
Nlaeara
2
10-1
10-1 v/> 9-16 r;!
preferred A (quar.),$1%
1.6%
y.
10-
>.
9-8-
9-15
10-
37 Vac
(quar.)___
Company
"
9-19
9-15
Preferred ;.(ouar.')__T-___::;-_;_-_-___-_-;,
Allegheny Hudlum Steel .com;; (reduced)
*
National Shawmut, Bank>-(Boston)
New. Mexico Gas, common
9-24
10-1
Y.)
3
10-
—
5
9-15
:
■mm*-
Accessories Corp. ..(initial)
! Alabama & yicksburg Ry.'.(Sra)_;p_^_",___,
$1%.
■;
i-i
3
1
Aircraft
!
$1%:'
■
«.%% -2nd' preferred (quar.)
Oil
25c
r
National Enameling & Stamping Co.,_-r___u.
Navarro
$1
$1.18%
-
10-
1
1
25c
Quarterly..'; ■.
N-
Inc.—-W;-
...
Casualty
9-
111.—
preferred,—*,
7',b preferred (accumulated),
:
American Rolling Mill Co., com. (reduced)
4V2% convertible preferred (quar.),—
American Snuff Co., common
6y preferred (quar.),
:
American Stamping
9-18 '"'
1
10-15
10-
.;!
Agnew Surpass Shoe Stores;, 77v pfd.
.
,
10-
1
_!_
Properties, class B!
Agricultural
;
'
:
9-15
$1%
,Aetna Standard Engineering 5.%
9-15
55 Vac
7% preferred B (quar.)_____—___i_
Morris Plan Bank;(New.Haven)•-(quar.),;:,;
Morrison. Cafeterias Consolidated,
10-
•
■;
9-15
1
;
(quar.i^__
Aetna Life;Insurahce.~Co..
:
!
$1 Va
—
9-15
9-30
$5
t.
Aetna
y; 9-15
10-
'
common,,,;,,,,^
preferred (quar.)
\
5% preferred iquar.)
—:
Moore Corp, Ltd, common r(quar.).!^-.,!J!,'
v
;7%' preferred A (quar.)_r!!i!„,!!i_;;,_
\
9-30
25c
Laboratories,
of
preferred
Co.
preferred
American
!
V'/v. 15c
Co. (quar.)
Aero Supply Mfg.;.cla!Ss A (quar.)
Aetna, Ball Bearing Mfg." (reduced)
10-31
I
'
6'!
9-15
25c
preferred
/
:
1
mv*'": 10-
Name of Company
.
3
1
(quar.)
Meter
American
10-
Adams ..(J.. D.) -Mfg.
.
i
,7%
1
; 9-19
10-
.
cumulative class. A
9-15
•;. 50c
Molybdenum Corporation of America
A! P. W.
;,y 9-15
$iv2
y
9-10
10-1
4
Per
,VPp\'; 1|.
9-
10-
25c
1
9-18
1
30c
10-
9-14*
1
9-30
10-
50C
Co.
Co.,—■s.yw--,^-.,;;——
Optical Co. (quar.)
t
American Paper Goods, 7%. pref, (quar.)—
•;;!
10-; 1
.
preferred,
,
9-18
,
25c
—
American
$1V2
(quar.)i
10-
10c
(s-a)
American .-News
dends. announced this week, these being given in the
preceding table.:/ -> •1 ;, -V.
'■ p
;
' ■ '
r:
1
$1V2
(quar.
Corp,
4
Investment
American
■
weeks and not yet paid.
9-16*
9.
we
20c
Ciprp. (monthly) —
(Newark)
American Locomotive Co., 7% preferred
American Mgchine & Foundry Co
il
!
Below
/'•
9-21:
;
9-12
.
$2
'
9-15 *
y 9-30
60c
American
Bankers National
:?! '. 9-18 '/'
9-15
Insurance
9-10
i 9-18
>
5c
9-30..
■
Home Products
9-19;
9-30
5
9-30
7-
9-30
9-
75c
9-19
•;$1V2
i
10c
:
9-15
Leather—
1
1
.
4
9-U
1
9-30
9-
10-
25c
10^
t$3 V4!
,
•
''
5
8-18
1
10-
25c
,
,
5
9-15
Steamship
10-
•31V4C;'!
Hoiland-Dutch Bakers, comvi
Petroleum
10-
9-15
40c
9-15
>: Woodward.Iron
'
50c
$1%
(quar-)
Manufacturing
:
10-1
;
-i Woodley
"
9-17
1
10-'
$iv2
'
•
;;H
Michigan Associated Telephone—
preferred (quar.)
Minneapolis Gas Light $5 partic. units (quar.)
Minnesota Power & Light, 7% pfd. (quar.),,
<o"t> preferred (quar.)_______
V! $6 preferred (quar.)
Minnesota Valley Canning, 5% pfd. (quar.)!
Modine
10-
75c
Transportation.!,,-
9-17
;
10-15
75c
Co,, common- (irregular),,
/9-15
1
50c
(quar.)„,
.
Merchants
'V
9-22
10-
$1
McColl-Frontenac Oil, 6%
Mead
(N.
10-
50c
10-15
$1V2
1
$1^
(quar.),_^_!__
Western Union Telegraph Co".!i„
Westgate1 Greenland Oil (monthly
-vWhite Villa Grocers,"6%'preferred
9-21
9-
1
American
9-15 5
P
Grocers, Ltd.fc common
-7%. preferred
9-15
5
,6%-.! convertible preferred "(quar.)!!,!,,,,,
9-10
20c
Refining &
Western
8-29
9-30
American
10c
Station
8-29
9-15
75c
9-15
9-22
9-
9-15
Co.,__!_—,
9-19
9-21
a/;
preferred' (quar.ii^c!-,,,,,
- Works, _;i
1
Western.- Electric
' 9-18 'V
V.
9-25
:';$lVa
•
Cotton Co. (quar.>4,
;
Agricultural Co., Ltd.__,!,j.;„:,'—
CJiemical
W.ellmgtop Rund,
West Boylston Mig. Co. of Alabama—
8% non-cum partic", preferred
:
West .Virginia. Water Service, $6 pfd. (quar.)
9-5
9-19
1
9 *-18
1
9-15
10-
W.aialua
9- 8
9-25
10-
50c
•y;
•
10-
V
$5>
iquar.)
/;•/
Hide &
10-
.'"45c
Chemical
Warren
American
'
9; 1 V
11-15
10-
t35c
9-15
Waba'sso
j
1
9-30
9-15
50c
1
iquar.
WJR The Goodwill
/
10-27
;v
$1%
r.
(reduced)
Manufactures Trust Co.
9-15
25c
Class B .(quar.),:.-—
i Magor, Car Corp.; 11% preferred
1
Victor
9-17:-;,
9-12
.
9-15
50c
—
(quar.)__™i__-
Elec-; (Del.)
1
9-26
••
50c
Products,..—
Portland
10-
.'I';! 40c
Refining
de Kamp's
$6.50
■
Company;
9-18
■
11-25
$1.18%
1
1
;
(quar.),,,
General Insur, (Houston) (quar.)
Hardware
(quar.)y,y,____;_____,
10-
i
1
1
(quar.)__,_„,-_,_,„_,„,„
pas & Electric common
preferred (quar.)
Hawaiian
10-
,
9-12
10-
25c
American
'
9-12
12-
common
Aqicrican
American
-
1
10-
preferred. (quar.)_^___
Oil
Co.,
)
9-14
1
10-
30c
)
9-
9-28
•;;/ 43 %c
(quar.)
v
9-12
t30c
8-22
:■
$lVa
common-,,
common
9-15;
! 9-15
9-30
$134
pfd.,
9-21
9-22
.
>''V/25c.
prior pref.__'
(irregular)
•:
1
J20c
Co.
»
,
10-
$20c
preferred (qugr.—/
pictures Co., 8% 1st preferred,^-,
8%
;
80c
,*
4
f
12V2C
Ltd
10- Ll
'
$1
.
(quar.).
1
1
9-15
15c
American Insulator Corp. of Del
Universal
V"'-
9.19
yy
10-1
+$1
$1%
(quar-.)^.
'
9-30
50c
$1V2
•
preferred
4%'/o
$1V4
/
Universal Leaf Tobacco,
9-30
$l»/4
American
75c
(quar.)!4-
$6 preferred
Universal-Cyclops Steel Corp.
v'
6%
9-21
Illuminating Co.; (irregular)
Machinery; common (quar.)-preferred (quar. il!.:,!:
& Foreign Securities -Corp.—
;,!'.
1st
9-19
:
(quar..),!.,
99-
9-15
9-15
$1V2
Foreign Power, $6
American Fork & Hoe
10-22
9-21
United Sta,tes Leather Co., -7%
f/-.,9-15 •;■
10-/1
;
-
-9-14';
10-1
$iv2
y
(quar.)
$7
S.
$6
9-14
$iv4-
:■
U.
••
9-15
$1%
$1 Va
(quar.i
6%
$1
preferred
1
United Shoe
9-17 *'■'
10-26
<:
30c
1
2
;
preferred ' (quar.5
Carbon -Co): lquar.)_i.__^i.__
United
9-15
-
&
$7.
1
(quar.)
United
y 9-17
'4
$1V2
(quar.)
Factors,
W
1
;
common____^;:_,_;„_;___4__
Mfg.,'Common
9-
$1V4
(quar.)
American
1
9-18
10-
1st pfd.
Elliptt. Fisher
Union Metal
■
preferred ..(quar.i,,
Natural Gas, com.
Uhderwood
••
-
:'-;9-15 /;
1'
50c
lquar.)_!l,_./***!.***_,*__y:; ]■!> $1 Va
preferred
y 9-22
c
'•
9-15
15c
American
9-19
v
10-
4V'.
/Tyi-Co'ntinental.Corp, $6 preferred (quar.),,
V
9-22
:
9-29
'if $114
;
■
-
9-30
$6
(quar.)
Kansas-Nebraska
Inc.,
/
4
$1 Vi
iquar.)
5%' preferred
10-
+8c
Toronto Mortgage Co? «juaF-,t;^^_^.i_^
Trade Bank & Triist Co:. (N.; Y.) (quar.i^.,,
j
$$3%
5#/.pfd.
/
9-15
9-30
!
$ i y*
>
(resumed:
Power,
-
$1
y
■;
Elec, 7%
Textiles,
9-:5 M
1
11-
$5.46
4%, preferred..(
10-
$1V2
9-25
B
10-
Engineering Co.>
Fuller, 7%
9-15
9-
Cyanami^i Co>, cl. A iquar.)
American Express
75c
Electric—=-
Baer &
Texas Electric Service,
'
■
(quar.),,.
Ltd.—
9-18
Products
&
Life Assurance Co. of Canada
;
(quar.
B,). Co.
Kansas Gas
r
9-30
Gas
Sylvania Electric "Products, Inc.,
AVx'A conv. preferred (quar.i,
9-I8
:
9-15
(quar.)!____
Sun
{9-18 '.!■
9-30
35c
(accumulatedl
$6 /preferred
9-30
9-30
50c
Power
preferred
;
9
,
iquar.■
Stix
"
-
y
t 75c
(quar,
Interstate Telephone, $6 pfd. (quar.),,,
Island Creek Coal .Co, common,.
f
25c
:
87 Vac
(initial)
International
Steel
9-15 vy.
.9-15 > '
9-26
(Mo.)
$7- preferred A
!! 9-15 !
(quar.)
)____*
.'4',; preferred (quar.)
International Paper Co, 5%
$6
1
9-25f
V
-y $1 v2
(quar.),!*,.
com.'
!
<quar.),,l,*,,,____,*__!!.K
(quar.
.V
{.
Springfield
"
r
Illinois Commercial Telephone. Co, Madison,
'Wise,, $6 preferred, (quar.)
International Minerals & Chemical .Corp,—
(W.
9-19
,10-
i;
9-
.
>9-30
$1 Va
Southwestern Light & Power, $6 pfd.
9-17*
9-15
$1%
9-18
y 9-18 >
40c
(N. J.)
i
>
Extra
1
10-
$1%
Southern
9-29
10-
,
50C
!.
(quar.)
5convertible
Natural Gas Co.
9-10*
115c
.51; > conv. preferred (quar.
American Envelope Co.,>7% pfd. A (quar.)_,
American Export Lines, common,,,
:
>
9-
Inc.—
9rl9
:.io-
9
9-23
1
9
(quar.)
9-19!
$1V2:
Agricultural,
Baking
Ideal Cement Co.
Jarvis
y
.
Class
)
9-
62VaC
9-30
10-1
v
9-15
•
$1%
common
(accum.),^*,,,^
40c participating preference (accum)
Singer. Manufacturing Co. (quar.)
■
50c
(quar.
Company
Hardart
preferred
T/i
I
30c
;;
9-19
10-
9-19
Silverwood. Dairies;
9-19
10-
$ 13'4
pfd." (quar.).
Crystal Sugar, common,,,-.,,-.!,6%"preferred iquar.)*.,,,
-
American
9-21
prior preferred (quar.)
/Allotment certificates (quar.)
9-19 J
9-15
r9r24^
37 Vac
(irregular),____,
9-10*
American
9-17
*
9-15
10-
Cable; common
(quar.)„_,—
6%, preferred
9-15
-
9-30
43 %c
y-, 25c
Houston Natural Gas Corp.
>
1
9-30
1
&
Chicle Co> i.(quar.),__:__,___,,_,
Cigarette & Cigar com. (reduced)
American
12 Vac
Inc.,;commpn.,.(quay.),_,„_
Industries-,
10-
25c
(quar.),—,",,
pfd.
American
j
9-30
$5.50
9- 5.*
!
1
10-
10c
Corp
Honolulu-Waialua
t
10»
$1V2
___!__,—,,
iquar.)
H.)
Holophane
Howe
9-15
Selected
y-
•
ID.
&
iv 9-iy
9-15 }
10c
(quar.),,.
(Los Angeles)
9-17
25c
Francisco Remedial Loan Association*—;
Security Co.
9-25
1
9-30
Squdder Stevens &.Clark Fund, (quar.)
9-16 !'■•'
9-10 ;
10-1
::; 5c
(Charles
Horn
10-1
37 Vac
(quar.),,
E.) & Co.; common
'7't " preferred
Hercules Motors
Holmes
..:
Commercial &
Extra
v
.
10-1;
1
40c
.Quarterly
Schenley Distillers;Corp., 5V2%
•
Sugar Co, Ltd.—
Quarterly
Hawley Pulp & Paper,. $7 1st pfd. iquar.),,
$6 2nd preferred
(quar.)!
y
San
9-17
Chain
■6%~ preferred
10-
5c
(increased
.5',4; preferred ;(quar.)
,9-19
10-1
1
(Chicago)—
Haverty Furniture. Cos, $1.50 pfd.
Hawaiian
Safeway Stores,
American
25c
•
Rpxbprough;Co, conv.-partig. preferred-,
Sachigo Riyer Exploration (liquidating),____
Safety Car Heating &; Lighting. Co,.
9-15
'■
10-
IOC
common
Capital Corp., $3 preferred
American
9-30
& Engineering
5cony, preferred
*
9-15
75c
preferred (quar.
American "Can Co., 1'A
$1 lA
v,
Rpot Petroleurp Co, $1.20 conv. pref.;
,9-30
10-
>
$2 V2
commonll,__,^___,,__,„
Co.
9-15
75c
Co.
<6%
25c
9-15
1
,
(quar.)
9-15
:
10-15
•(quar.),!,*__*,yyy: 30c
class A
Reliable Stores Corp, common,
,
10-
Bit
!
1
10*
10-
'
Reliance Manufacturing .Co, common-^.,,,,,
.T/o„ preferred (quar.t__-__,,_^_',_,^,;!!.,_,,:'
9-15 ;
10-
>
Roller
Reliance Electric
;;
,
Car,,
9-
1
50c
B1
American Bank Note
10-> 1
,'
50c
>,
(Pittsburgh.!, common (quar.),,;,
B'/ir-i preferred (quar.)::^;,^_,j_,,,_,__,, ;
►
■
1
50c
Shares
10-
rClass
,
9-15
$2
f
1
10-
'Series I preferred
1
40c
Steel
of Rec.
9-15
1
5%.cony, preferred (quar.)___
10-
Oommon
GUardian Bank
v
10-
50c
Rand's, Inc.
$1%;,.
(quar.)_,^_,,
i
JlVac
Ralston
12c
■'■.
,
9-15
,
'
31V4c
;
9-21
$1%
Prudential Personal Finance,
$0.0244
(quar.)
!,_;,.,;,,;*,:_!!,!Z__*;_!_,*_!.y:;.,
.
1
9-30
,
/
■
Greenwich Gas Co., $1.25 partic, pfd.
'./ Extra
9-18
10-
,
9-19 i
V
J75c
.
10-15
10 c
.,
"
9-16
Bakeries, class A (quar.
'
9-15
9-16
,
;
9-1
9-30
9-18
15c
Premier Gold, Mining £?o, Ltd. (reduced)
\
Procter
Gamble .Co,., 87o'pfd. "(quar.),,,',,
Providence Washington Ins.'Co.; (quar.)__^__
Providence & Worcester RR. (irregular),,,.
,9-30
1
,30C
>;
1
10-
'
-<•'
10-
f$3.75
/'•■■>-' V:,•
f75c
25c
25c
9-15
$1.31 V*
.9-15
.
Great West Life Assurance
9-15
1
(s-a)___
iquar,),
1
10-1
•.
1
10-
25c
'V't
•
10-
"
9-15
,
.
Holder*
Louis)—
(St.
9-15 >:
Co. (quar.)
PQnd Creek Pocahontas Co.,
Pprto Rico Power, Ltd.,-7,% tpfd. (qifar,),;^,
Pfatt & Lambert, Jnc,' (reduced),
9-18
10-
Goldblatt
1
$ll/4
'
(irregular)
>
10-
,
Co.
Quarterly ,,,—.—1,—!
$l3/4
(qqar.),—!___
Co,
9-21
Ins.
Payable
'
Plume & Atwoed Mfg.
9-18
1
Circle
Automobile
When
share
Name of Company
,
American
Plough, Inc.
!
9-15;
10-
Per
of Rec,
9-30
$iy2
-•
Phillips Packing Co, 5J/4'/<> pfd.
Pictorial Paper Package Corp
10-, 1
,
Holders
Co.—
Philadelphia National-Insurance Co.
9-18
10-
$1
Light
&
8V/2O
preferred •(qu^r.)1.;:___,___
Perfect
10-, 1
$1%
When
Payable
American
(quar.),,,
•$5^preferred
.9-18
,
Rubber
Power
preferred
$.7
9-22
9-30
"
.9-16
10-
$6
9-21
partic.
cum.
Share
Pacific Greyhound, Lines—
-
9-15
75c
,
Company
'$3.50 convertible preferred .iquar.),!!,,,,,
Co.
/
Per
Name of
of Rec.
2Vs%
t50c
10-15
9-30
t50c
10-
9-18
25c
$l»/4
1
9-15
1
1
J9-19
10-
THE COMMERCIAL & FINANCIAL CHRONICLE
920
When
Per
Name of Company
Silk
Bruck
Buckeye
Mills,
Bullard
Ltd.
Company
Piston
Burdine's,
™™
(quar.)~™—
Ring
Inc.,
—-
*,
—
Bulova Watch Co.
Burd
(interim)
Co—1
Line
Pipe
share
(quar.)
——
preferred
$2.80
Ink
California
Cambria
reduced)
Co.
Co.
Iron
(s-a)
Canada Cement Co.,
6'/a%
pfd.
5%
9-11
9-14
9-
3
10-15
9-15
10-
$1
Continental
7 7o
9-21
9-
t30c
t$l 14
9-30
9-15
1
$3 prior preferred
9-15
Cornell-Dubilier
15c
9-22
9-10
Crane
t37V2c
9-15
9-
150c
9-15
8-31
9-30
9-15
}50c
tl5c
(quar.)__
:—_™ :
Crown
$2.25
8-31
Crucible Steel
1
9-15
Crum
10-
1
-9-15
Cuban
American
9-15
8-31
5Vzfc
8-31
Common
9-15
8-31
Culver
10-
1
9-15
1
9-15
1
Press,
(extra)
pfd.
(quar.)
fl5c
David
1—.—_
f5c
10-
9-15
tquar,)™.™—-
f$l
10-
J$iy2
10-
f$2
10-
9-15
-$$2
10-1
9-15
Industries, Ltd. class A (quar.)— ; l$iy2
preferred (quar.)——™—J$l%'
10-31
'9-30
——
Cottons
common
preferred (quar.)
-i™—
—
—
General Electric
(quar.)___—,
'
17c
Canadian
Oil
Canadian
Tube
17c
Cos.,
&
preferred
Canadian
preferred
8%
Steel
(quar.)—_
Canfield
Oil
Co.,
City
Capital
67c.
Transit
Cariboo Gold Quartz Mining
Ctrmen & Company,
Tel.
Carolina
Class
10-15
10-
1
10-
1
B
(Toronto)
•
9-19
9-25
9-15
30c
1
10-
1
9-
47o
preferred ctfs. of beneficial interest
Co.
Central Hanover Bank & Trust Co.
pfd.
9-30
9-24
Detroit
9-12
10-31
7 7o
9-30
10-
9-19
1
Patricia
Reduced
Gold
quarterly
9-15
99-
9-5
$1
10-
1
$lVa
10-
1
9-15
8-20
Dome
(Ltd.)—
Mines
' J3c
„*'■
9-30
;
lien
prior
prior
lien
preferred—
A^nmulated
Central Steel
9-21
8-31
9-21
8-31
9-21
8-31
$1(2
9-21
8-31
Donahue's, Inc., 6%
75c
(quar.)-
9-21
9-11
Dover
Champion
Paper & Fibre,, common
preferred
(quar.)———
9-15
6%
30-
$iy2
1
77c
preferred
&
8-31
9-15
50c
10-
1
$iy4
10-
1
Chesapeake & Ohio Ry. Co.
(quar.)—
75c
10-
series A
preference
Extra
—
Chicago
$1
(quar.)———
Ohesebrough Manufacturing
(quar.)-
common
Chicago Wilmington & Franklin Coal Cq.—
6%
preferred (quar.)——:
Chicago Rivet & Machine
Cotton
Christiana
77a
preferred
Chrysler
9-19
9-30
Auto
City
Ice
Stamping
Fuel
&
pfd.
Cleveland
Cluett Peabody
7%
Co
& Co.,
Co——
v
Corp.
preferred
Commonwealth
10-
convertible
9-11
9-18
preferred
Inc.
Consolidated
(reduced)
(quar.)__'
1
9-21
10-
1
9-21
10-1
9-21
9-30
9-10
9-30
9-10
9-30
9-10
10-
1
9-10*
10-
1
9-10*
9-30
9-15
10-
1
10-
1
9-11
10-
1
9-11
9-15
8-25
9-10
15c
9-15
9-
5
9-15
9-
5
9-25
f$l'/2
12-31
12-24
25c
—;
9-15
9-
1
55c
(quar.)
37'/2c
9-
5
;•
11-2
t$3y2
10-
40c
f25c
1
9-15
10-
1
10-
1
87 7
9-10
(quar.),
10-
1
10-
1
9-15
$1
10-
1
9-15
9-30
9-15
30c
9-15
preferred.'(quar.)J_il——J
8-25
9-15
8-25
9-15
" "$1%
11-' 2
-10-16
9-
5
10c
1
1
9-15
10-
1
9-19
10-
$iy8
20c
10c
t62y2c
Ltd™—_______
9-15
9-15
10-
t75c
$114
$iy4
1
.
•
1
10-
1
9-
5
10-
1
9-
5
9-15
9-25
9-15
9-25
10-
9-21
1
9-10
9-15
9-14
8-31
(quar.)—
57c preferred, series 1941 (quar.)_—
Egry Register Co., 5727c preferred (quar.)
Electric Storage Battery Co. (quar.)——
62'/2c
9-14
8-31
(U. S. funds)
(quar.)
Corp.
_______
convertible preferred
57c
62y2C
—
National
Watch
6%
preferred A
50c
—
Natural Gas
Electric
Controller
Emerson
"B"
9-
10-15
Mfg
10-
75c
—
"A"
common
25c
(quar.)——
25c
:
50c
——_™—
(quar.)™
(quar.)——.——
7"A, preferred (s-a)———
Engineers Public Service Co.—
$5 preferred
(quar.)——
$5.50 preferred
(quar.)
$6 preferred (quar.)„—
:
English Electric Co. of Canada, Ltd.—
Emporium
Capwell
preferred
Co.,
9-11
10-
9-
2
9-10
9-
2
10-
10-
1
9-21
10-
1
9-21
1
9-23
$3 7z
'
10-
$1%
10-
1
9-11
$iy2
10-
1
9-11
9-15
12-
1
10-
3
Plantation
River
1
9-15
11-20
9-11
9-22
9-
5
65c
10-
1
9-10.
3c
10-
1
9-16
(quar.)
$1V4
\ 9-30
9-15
$iy4
12-18
12-15
$2Va
10-
$5
$5 preferred (quar.)
& Traders Life
preferred
—_———
Ins.
Farmers
Co.
(Syracuse,
(quar.)
Faultless Rubber Co.
Fear
10-
:
.
(quar.)__—
Gas Works 6% preferred (s-a)__
Corporation
Metallurgical,
Y.)
30c
(irregular)
Co.
23c
8-31 ;
(Fred) & Company
Bake
Shops,
25c
(irregular)—
:
Co
Smelting
Light & Traction
Mining
&
Federal-Mogul Corp.
—
Federal
Motor
Truck*™——_———,—
Federal
Screw
Works
Enamel
1
9-11
9-12
(quar.)..;
Corporation—:.,
Fidelity Fund, Inc; ~((juar.)———
50c
9-15
9-
25c
(quar.)
Inc
Federal
10-
1
9-30
9-15
25c
9-22
9-14
$1
9-18
8-27
25c
9-15
9-
10c
10-
1
1
25c
-
214c
,
1
9-10
10*
50c
1
1.(
3714c
'
fl5c
9-
5
9-15
9-
5
1
9-15
9-30
9-15
9-30
9-15
9-30
f$iy4
10-
1S1.37
10-
1
9-15
25c
9-15
9-
1
9-19
9-
5
15cr
•9-25
9-14
9-
1
9-
■
9-15
1214c
(quar,)*__
1
9-
1
1
8-31
12V4c
9-15
8-31
683/4c
9-15
8-31
;
quar.)v__™_-_______-*™-15c
Investors, SG pfd.
9-
*
9-15
5
'*
9-
(9-15
15c
5
.
9-18
preferred (quar.) _______
General Bottlers,'55c conv. pfd, (quar.)_____
$2
10-
1
9-19
General
Baking $8
Box
Co.
13%c
Corp.
Cigar Co.
Electric
Fire
10- 3
9-10
25c
9-21
9-10
9-15
8-12
(quar.)
common________*
25c*
-
Co.
35c
Extinguisher
Mills, Inc., 5%
General
Motors
pfd.
Paint
General
Precision
Railway
Corp., $2.67
10-
$114
67c
common.^*™-
(N. Y.)
Telephone Corp.,
v->, $2.50 preferred
(quar.
Time
(quar.)
Instruments
9-10
1
9-10 '
50c ;
9-
8*
9-29
9-
8
9-15
10-1
9-15
Corp.—;
Globe
;
.
Knitting
25c
10-
9-17:
Si Vi
10-
9-17
$iy4
10-
$l>/a
10-
$114
(quar.)
(quar.)__,
11-
Works
(N.
Y.)
preferred
Goebel
9-19
Golden
Co.,
State
Goodrich,
1
9-14 :
10-
1
9-12
•
9-
1
:
9-21
:
20c
(quar.)
$114
10-15
9-30
50c
9-15
4
:
9-30
9-18
'
25c
9-15
8-20
;
$114
9-15
8-20
50c
9-15
9-
(quar.)
(irregular)
common
Fisheries
Lakes
class
__
$2
class B
(quar.)__,
75c
(quar.)__
Ltd.—
preference
10-
1
10-
1
9-15
10-
1
9-15
25c
9-22
(accum.)____
(quar.)__
9-18
10-
1
9-19
J25c
;
10-15
t25c
:
(accum.)*™
partic. preference
Sugar,
1:
25c
Insurance
Co.,
9-
35c
(Del.), common (quar.)™
partic.
Great Western
-
(quar.)—
Paper
A
10-
9-10 :
20c
(W. T.) Co.
$2
1
9-30
(quar.$i»/4
Ltd,
Co.,
American
Great
10-
5c
9-30
preferred
Great
9-15
$i3/4
_________
57c
;
10-
(quar.)
Goodyear Tire & Rubber Co. com. (reduced)_
$5 convertible preferred (quar.)
Gorham Manufacturing Co..:
Gorton-Pew
1;
4
1
(B. F.)
$5 preferred
Grant
9-
8-28
40c
(quar.)*
(quar.)
Telegraph Co.
I
5614c
(quar.)*
pfd.
(increased).
Globe-Wernicke, 17a
Gold & Stock
9-15
9-15
50c
(irregular)
Brewing Co.
9-15
10-
25c
convertible
•
/
t.
(quar.)_______™
414%
Co.,
9-15
9-25
.
>
Falls Insurance Co.
Glidden
*
1
10-
-
™_™™_™____:
(quar.):
Coal
8
10-
25c
Gillette Safety Razor, $5 pfd.
Girdler Corporation
(quar.)
Alden
5
9-18
9-
40c
-
(quar.»__
common
Georgia Power $5 preferred
Glen
10-
1
9-15
25c
(quar.)
$6 preferred
9-10*
6214c
General
Common
.
8-28
;<
$iy2
(quar.)_____,___.___*™_
$6 preferred
10-
25c
1
1
9-25
11-'2 "
preferred
Co.,
9-15
$iy4
Equipment Corp
Signal
9-
10-24
15c
^
Co™
(quar,)____.
Corp., $5 preferred (quar.)__
preferred
9-15
i«4c
(quar.)_
Candy
10-
1
9-19
50c
10-
2
$1%
10-
2
9-15
$l5c
10-
1
9-15
6% preferred.
t75c
Gruen Watch Co., common (quar.1214c
5%. preferred (quar.)
3114c
Guaranty Trust Co. of New York (quar.)™
$3
Gulf Oil Corp.
(quar.)_________—
25c
Gulf Power Co. $6 pfd. (quar.>_™™_____
$114
10-
1
9-11 '
10-
1
9-15
10-
1
9-15
7%, preferred
Greening
(B.)
Greenwich
common
(quar.)
;
Wire Co.
Water
(quar.)
-
System,
,
—___________
Gulf
States
Hall
Printing
Haloid
$2
(W. F.)
Company
Hamilton
1%
Co.,
8-31
9-15
8-31
9-29
9-
43%c
9-30
9-16
25c
9-21
9-10
9
25c
10-
1
9-15
tlOc
10-
1
9-15
J50c
10-
1
9-15
J$iy4
9-30
9-15
15C
Ltd.;
9-15
9-
25c
9-21
9-
(interim)_
com.
(auar.)__^
(accum.)____*_*__.
Watch
9-15
$50
(quar.)
(quaf.)_*—_________
Co.
__—
Hammermill Paper Co.,
preferred
Harbauer
$1%
—_____
-
Theatres, Ltd.—
preferred
Hamilton
9
9-15
9-21
(quar.)_____
pfd. A
preferred
United
9-
1
1
—_:
Cottons
convertible
Hamilton
7%
1
10-
$iy2
Utilities, $5.50 pfd.
$6 preferred
(quar,)__*_™.
Group No. 1 Oil Corp
Hackensack Water.
10-
9-15
10-
common..™..
(quar.)_
$iy8
(irregular)™*
Company
10-
1
9
5
9-16
25c
9-15
9-
2
$iy2
.
10-20
10-
6
Harbison-Walker Refractories Co.—'
6%
preferred
(quar.)
Harnischfeger Corporation,
5% preferred (quar.)_
5%
Harris
2nd issue (quar.)
7% preferred (quar.)_____
preferred
(A.)
Co.,
Harrisburg Gas,
7%. pfd.
Harrisburg Steel
Hazel-Atlas
Hazeltine
Glass
Corp.
Helme
Hercules
9-12
9-30
9-15
1
$iy4
10-
1
Hewitt
Rubber
,
50c
9-15
9-
9-15
8-15 "
9-15
9-
15c
9-15
9-
1
10-
1
9-
5
10-
1
9-
5
50c
9-25
V. "
25c
9-15
..-c
15c
.
_____
(monthly)™
—
(Continued
™
on page
•
1
$1
„
1
—
1
$l3/4
(quar.).—
________
Hibbard Spencer Bartlett & Co.,
Monthly
5
9-11*
25c
,
:
common
Co
Corp._
9-15
9-
.9-19
25c
.
(quar.)
Powder
9-26
10-
.
Crosse, Wise,)
Motor Parts
Co.,
9-30
37y2c
,™—
(George W.)
77c- preferred
"
(quar.)_^
—
Heileman (G.) Brewing Co. (La
Hein-Werner
10-24
t$i
,_*
—
Hecla Mining Co
9-15 '
1
10-15
25c
preferred
(quar.)
9-25
11-
20c
!
prior preferred™
Haverty Furniture, $1.50
9-15
$i»/4
;
$4
9-10
9-25
$ia/4
(reduced quar.)
Tobacco
9-25
$i3/4
(quar.)
Harshaw Chemical Co
Hartman
15c
$iy4
common.
5
25c
9-21
9-15
10-
f
(reduced quar.)_i_*_*_'_^_-_____i_
General Reinsurance Corp.
,
8
9-
9-30
,
1714c
General Refractories Co.__
;
8
9-
■
$114
(quar.)_________________
(reduced
9-
9-15
$114
(quar.)™.;™*—'
9-30
■
9--15
9-15
$1
-
9-15
1
1
9-15
214c-5c
(quar./
common
10-
•
1
414%
9-11
$114".
Ex-Cell-O
10-2*
10- 1
$iy4
$2%
5%
5
35C
$5 preferred A
Inc.,
9-
9-30
& North American Railway
Eversharp,
9-15
1
11- 2
162c
(quar.)—
(s-a)_
preferred (quar.)_
9-19
1
9-10
56y4c
A
(quar.)
A
9-30
Erie RR,,
N.
9-30
9-15
30c
common
series
______—
Fansteel
"
1
$114
Empire Power Corp., $6 preferred )quar.)___
Employers Casualty Co. (Dallas, Tex.) (quar.)\
Ewa
5
9-30
10-15
$iy8
60c
(quar.)——
preferred
Class
9-14
9-21
$1%
—
;—_____—_
common™—*—
&
Drug Co.i
Common
4y2%
9-30
25c
$l»/2
Co.—
(quar.) ____________
(quar.)_—
(Texas)^—
(quar.)i._—
preferred
Paso
8 7c.
9-10
Electric Co.
Paso
$4.50
El
8-31
9-21
(Del.)—•
preferred B
17c
9-14
$1%
:
10-
9-15
10-
$3'/2
(s-a)_™
10-
■
9-15
1
$1V4
9-15
9-30
Ferny
Consolidated Laundries Corp.—
$7.50
9-15
50c
(quar.)
™_i—'
Trust,
Federal
90c
—
10-15
$iy2
_——
—_—
balanced fund
(quar.)_
Corp., Ltd.
Paper
Federal
$iy8
>—4.
(quar.)
(quar.)—
9
9-28
9-24
(Bait.)—
B
Consolidated Investment Trust
1
Inc.—
(quar.)
Consolidated Gas Elec. Lt. & Pwr.
preferred
10-
10-
3c
Fall
quar.)—™
8-24
9-14
10-24
European
9-30
9-14
1
20c
9-12
1
10-
$2
37«/2c
9-8
10-
9-18
37'/2c
(quar.)
Investment
El Paso Electric Co.
6214c
Goods, 77c preferred—
Copsolidated Edison (N. Y.)
(quar.)
Consolidated Filifl Industries, Inc. $2 pfd™
fund
.9-15
1
(reduced quar.)
9-12
—
Drv
& Howard,
Stock
Economic
1
10-
$iy4
1—________
6% pfd. (quar.)
Elgin
9-30
40c
(Toronto)
Chemical Industries,
preferred C
Eaton
10-
•; 5oc
common—_™_
of N. J.
(reduced)
9-11
10-
$1%
(quar.)
11 .50 cum. partic. pfd. class A
Consolidated
Common
9-15
1
10-
10-17
(quar.)_
Glen
(quar.)
preferred
Eastman Kodak Co.
9-16
9-25
10-
Associates—
prior preferred
8-25
1
Light & Power(reduced
4V2%
Fuel
&
9-25
$iy2
(quar.)
(reduced)
Assurance
Gas
Eastern
12-17
$1
_____
preferred (quar.)___:
Eagle Lock Co., extra
Eagle Picher Lead/common
6% preferred (quar.)
East Missouri Power 7% preferred
9-15
:$l3/4
(quar.)
—™__™_*
—
Connecticut
4We
1
10-
$l»/4
Quarterly
47c
9-25
10-
f$l '/a
Congoleum-Nairn,
Common
9-15
75c
Quarterly
Common
9-25
,
—
67c
Ecuadorian
$1.06y4
———..j
__
pfd.
Chemicals
&
10-20
$iy8
Edison Brothers Stores, com.
(Indianapolis)—
Water, 514%
Plastics
1
$ 114
57c preferred (quar.)__
Duquense Light Co.,
11-
12-27
Co.,—
&
_______
Eddy
75c
8-29
(quar.)^___™___
-
preferred
Common
6%
8
$134
(quar.)___
9-
9-10
5
9-30
,10- 1
75c
'
(interim)
8-28
9-15
1
10-1
f35c
Acceptance Corp.—
General
,
9-15
9-
9-15
10-
60c
(quar.)
(quar.)
Nemours
8-28
$1'.O0 y4
_________
(quar.)—
Public Service
pfd.
de
9-15
75c
(quar.)____
(quar.)
I.)
9-15
8
9-
10-15
t$i3/4.
37 y2c
9-20
9-15
t$l%
Extra:
General
9-15
10-13
1
8-29
3714c
.
(quar.)___ii.
General
'
11- 2
8-29
10-
(quar.)
common (quar.)_______
(quar.)__.:_™_.™.™™_*_
preferred (quar.)___
General
9-15
.
,9-5
9-19
37Vic i
Power Co.,
General
9-30.,
-
Co.
preferred
conv.
General
9-10*
f$i*/4
:—r__™____„
9-15
75c
(irregular)
(quar),
Life
4
$1 y2
l__i,™™__™_
Compo Shoe Machinery Corp. com.
$2.50
9-
(E.
Common
9-15
$2
common
Pont
67c
General
9-10
1
10-24
9-19
~
10-
.
tquar.)_*_____
Brewing
General
9-21
9-25
(quar.)
-•
General
& Bradstreet,
$4.50 preferred
El
$7 preferred
Confederation
9-15
9-30
9-14
$1.06V4
Commonwealth Water & Light, $6 pfd.
Community
9-30
$5'/2
—
(quar.)
preferred
du
9-30
$1%
Co.,
$4 .25 convertible preferred
57c
9-11
1
$$1%
^
.
8
9-30
1
10-24
2
9-15
$l'/2
class A pfd.
Ky. Natural Gas
Class A
10-15
1
2
11-
J25C
125c
_l____-_a™__™_——_
General American
8-31
9-
10-
(quar.)__ ■*
57c. preferred
1
15c
(quar.)___—
Inc., $6 preferred
preferred
(Peter)
5Vi%
8-28
10-
class A
'
Gaylord Container Corp.
'.8-31
'
11-
15c
,
preferred-(quar.)__*__
prior preferred
514%
8-31
9-18
ni y4
—___________
Duplan Corp. 8%
1
1
$1
(quar.)
Commercial Loan
9-
75c
4V4% convertible preferred (quar.)
Commercial Investment Trust Corp.—
Common
9-15
1
3114c
_________
Colt's Patent Fire Arms Mfg.
Commercial Credit
8-22
Co.—
(quar.)
(quar.)™__
$6 preferred B
9-14
10-
50c
Colonial Ice Co., common..,,
$7
9-19
10-
$l3/4
———
_
„™_.™,™_™™__
International
preferred
1
10-
50c
(interim).—
common
(quar.)____
Colgate-Pahnolive-Peet
|4.25
8-24
Co.
Co., common
20c
™_.__.™
1
v
12-23
2
25c
*
(quar.)
_1
preferred-
Gatineau
1
-
■
75c
_____
:
1
9-16,.
75c
$iy4
—_ —
—-
—
Coca-Cola
9-l<?
30c
(irregular)™,*
Coast Counties Gas & Elec. 57c 1st pfd. (par.)
Coca-Cola Bottling (N. Y.)
(irregular)
Coca-Cola
8-25
9-15
15c
common—i™_
Supply
17c
Dun
6%
__________1
(quar.)™__
preferred
9-15
75c
(quar.)__
Builders Realty Co.
Clorox Chemical
11-
Power
Durez
$1%
(quar.)_
Co,
Builders
9-9
25c
Co.
common—
Duke
9- 9
9-19
10-15
20c
;L
—
preferred (quar.)
Cleveland
9-19
9-15
'
1
(irregular)-^—-ii--*;- /
$6 convertible preferred (quar,)__i^____j_: v
Gannett Co.; Inc., class B conv,.pfd. (quar.)
Garfinckel (J.) & Co., common »quar.)__.__
•
2
10-
'
|
-
Gamewell Co., common
9-10
10-20
1
Corp.—
v
1
9-
1
10-
9-
Franklin County Distilling—
- -'•••■
<>.
-.60© convertible preferred
(quar,-)_^__i_
yy i
15c
Fuller Brush Co. 17c preferred (quar.) ____
$l3/4
12-19 :
9-15
,T'
9-15
Canada
(quar.)_
Frankfort
8,-31
9-
9-15
11-
1
62y2c
Extra
•
X
9-
12-23
50C
.
———
Driver-Harris
9-15
10-19
75c
—r——_
(quar.)_——i—-————
Controller
9-19
2
$1%
Railway™——
(Washington, Pa.)—
Clark Equipment Co.
57c
(reduced)
Wholesale Supply, 6%
City
1
4
$17
common
(quar.)_™_____™___™
preferred
Citizens
10-
v
U
9-
9-25
iquar.)r____—
Corporation—
B
of
Frankenmuth Brewing
,12-23
9-15
5
9-
Fox
,10-
9-15
$3
Common
4
25c
Street
Citizens Water
Clark
Co.,
9-
12y2c
(quar.)
Corporation
Cincinnati
7%
Oil
Securities
8*
9-29
$iy2
—
CUickasha
9-
9-
(quar.)—r—
$1
——i_$1%
(quar.)™
1
9-28
.
preferred
8«
9-28
Chicago Great Western Ry., 5% pfd
initial)
6214c
Chicago Mill & Lumber—30c
$7
9-
$1
Shaft——™—™——
Chicago Towel Co.,
1
25c
;
—
*___.
Flexible
10-
$1
6%
.,
10-
5
9-
'
first
-
$7
11-20
12-23
.
9-
9-15
Foundation Co. of Canada, Ltd.
9-21
1
8
11-20
9-15
25c
5
15c
9-20
non-cum.
10-
9-
12-1
9-15
1
4
9-10
1-5-43
SI
9-17
(quar.)-—
47c
'
1
Foster Wheeler Corp.—
9-15
,
12- 2
62y2c
—_—_______
preferred (quar.)—____
(s-a)_——
11-24
10-
15c
"__v--_™__™__
Foster & Kleiser Co., 6%
'
$2
RR.
Draper Corporation
Dravo
Chapman Valve Mfg. (quar.)__
Chesapeake Camp Corp., 57o pfd.
com.
1
9-20
$iy4
.
5y2% pfd. (quar.)
(quar.)_.
(quar.)
Rockaway
9-30
11-30
40c
62l/2c
:
1
9-15
4
9-25
*55»/2c
Dominion Textile Co., common
$iy2
*
•
—
67c, pfd.
10-
j t$i3/4
$134
:
—
—
Wire Co.,
&
,
.i. ,17c
$1%
___
—,i~'
—————————
9-15
1
$iya
preferred
4
.9-15
.
,<9-15
:
■67o
9-16
.#*
25c
,
.
(quar.)__
common
1
10-
"
•
9-16
•
.
9-29
.
t40c
Ltd.,
Co.,
5
10-
(quar.25c
9-15
,10- 6
25c
25c
preferred——
Accumulated
1
(quar.)_____
(irregular)
9-
9-30\
25c
com.
' preferred (quar.)
Dominion Tar & Chemical,
1
$2
Foreign Light & Power Co.—
,
Ltd._____
Glass
Dominion
9-15
Central & South West Utilities Co.—
(quar.)__
y
Machine
9-
r
9-15
10-
&
9-
9-13
25c
Corp.-Seagrams,
Mines,
9-
17y2c
9-
j
1'
$1%
_____
Chemical
8-31
9-15
;_™_™___
-
•
Company
Motor Co.
Class
_
10-22
9-15
10-
$1%
(quar.
(quar.)
9-12
60c
'
30c
(quar.):
(quar.)
convertible
General
Ltd.com. (quar.)_
5% pfd. (quar.) payable in U. S, funds—
Dixie-Vortex Co., class A
(quar.) __________ *
Dixon (Joseph) Crucible Co. ________________
Doehler Die Casting Co.
(interim)
9-17
t$iy2
—
(irregular)
(irregular)________—.
B
■
.
(quar.)
Co.
& Almy
Distillers
8-20
t$iy2
Oil
•
Diamond T Motor Car Co.___
9-19
9-15
pfd.—
—™__
9-15
25c
(s-a)
Corp__™
preferred
preferred
Class
1
9-15
Steel
Devonian
1
9-15
————
preferred——---———
Central
$2
40c
(quar.)-.
9-15
11- 2
<
60c
Detroit-Michigan Stove Co.—
$10
(quar.)——
Central Illinois Public Service Co.,6%
-
9-30;
25c
1
9-19
1
Fran¬
(quar.)™
Gear
Common
Ford
-
9-30
•
t$2
(quar.)_—
Bros.
9-15
9-30
1,
.
Foote
Foote-Burt
1
1
9-30
10-
9-15
(s-a);
common
preferred
9-18
10-
Co.
9-19
$2
common:,,
Stores,
9-16*
10-
10-
—
—
(quar.
Central Illinois Light 414%
$6
Harvester
9-19
9-30
114c
(quar.)
preferred
9-30'
,017c
■
$4.50
9-30-
,.$1%
;
'
1
9-14
10-1
•
$l3/4-.
-
,
—
10-15
—
——
Storage
*8-31*
(N. Y.), Series A__—■ .; .2%c
Detroit Hillsdale & South Western RR.
Dewey
Liquidating
Cold
(quar.)_-
Detroit
Central Coal & Coke—
Central
preferred
10-
i$2
——
9-15
20c
(quar.)____^_____i4._^__'^i,
7%
—:
$2.50
75c
Derby Oil & Refining Corp., $4 conv. pfd™
& Savings Co.
(quar.)
8-31
:$17%
Series "NY"
4
9-15
'<■
4$3'/2
t
—
preferred
Deposit Bank Shares
9-15
t3c
(reduced quar.)
10-
i'
(quar.)___
common
Co.
•Food Fair
'
7%
9-15
9-30
25c
(N. Y.)
Flintkote
9-
•■-i-'j -15c-- \-9-29J
77a
9-16
150c
—
Loan
Dentist's Supply
8
$iy2
Company,
(quar.)
Central Canada
10-
(San
(St. Louis)
Stores
preferred
9-14
V- $1:
■
quar.)
National
17c
9-18
9-25
8714c
(s-ra)^__^'
Canada, Ltd.—
(Reduced
Co.
(Pittsburgh)
First National Bank
9-24
(quar.)_l'_l___VX-*---^---- "54 20c '
Electric
Corp.
Bank
9-16
50c
(quar.)___—
Long Hook & Eye
Delta
7% preferred (quar.)— '
f$l%
(quar.)—__:
$2
common (irregular)—
$3
——t$iy2
& Tel.
(J. I.)
De
Deisel-Wemmer-Gilbert
9-15
1
9-15
125c
.v.
(accum.)
9-19
(accum.)
——————
preferred
9-12
_____™
Co.
17c
of
Aircraft
1
(quar.)——
preferred
Products———
Havilland
Stock
10-1
10c
1
150c
(quar.)i—
Canadian Wirebound Boxes class A
Capital
De
9-19
9-30
9-30
5c
6Tac
.
—
Fltzsimmons Stores—
25c
(quar.)_____^4_-
(quar.)____^.___^_^_u_i._u.___
10-
?$1%
_—
Records
9-19
——_
(quar.)
First
$114
Extra
'
(accum.)_™_™
Westinghouse Co., Ltd.
Decca
5
9-15
9-30
(quar.)—
(reduced quar.)
Indemnity
12-15
<
10c
&■'
10-
f$2
Products—
9-
cisco)
Fund
10-15
50c
(quar.)__J____4.™v
RR.,-, common
(quar.)__^
2
11-
,t25c
8%-preferred
5
9-
Stores
Frere, Ltd., class A
;Dayton & Michigan
10-
1-2-43;
v$l%
-
Daniels
Fisher
National
$2
(quar.)
9-15
&
Bank
First
$iy4
__™_™-
9-15
&
First
<quar.)i^i> ,J.-$ 1%
pfd.
RR.
4'/2%
Inc.,
9-15
12-15
25c
;
(quar.)___^_
Curtis
10-
7%
Clinton
1
56 >/4c
—
(quar.)_^___^^_i_i™«;
(irregular) ___—___—
Port
10-
15c
preferred
&
Cuneo
10-
(quar.)
9-15
9-30
(Balt.)^—
Pennsylvania
Fireman's: Fund
$iy4
(quar.)^_^_Ll
pfd.
preferred
Sugar,
of
Industrial
1-2-43
56%C
conv.
9-19
$iy2
(quar.)
15c
preferred
Co.
50c
(quar.)
common
Corp. com.
5%
Forster, 57c
9-15
Canadian
.
&
Financial
9-15
:50c
(quar.)__
9-15
Canadian
$6
Zellerbach
Crown
9-19
9-19
10-
Finance
4
1
$1%
(quar.)
preferred
8
10-
'-$1%
•
(quar.)____4.
Co.
2nd series
9-30
9-30
(quar.)___
■
(quar.)__™__.™___
Co.,
4
99-
9-15
75c
preferred
Seal
&
10-15
■
5%
Publishing
75c
pfd.
'
1
$1%
6%
$iy2
15c
Co.,
(quar.)
10-
$iya
(quar.)
u_.
10-
Canadian Foreign Investment 8% pi'd. (qUar.)
$7
Cork
10-26
'
™™_:
pfd.
,4.,^.
(quar.)^™
Electric
Company,
Crowell-Collier
1
5 y2 '/a
9-
9-25
of Rec.
Payable
5c
B
$1%
6V2%
(quar.)
(quar.)
Holders
When
share
.
Extra
25c
common
,
Extra
Class
9-28
•
15c
(quar.)_™
preferred
9-14
25c
(irregular),
17o participating preferred (quar.)
lr/c participating preferred (quar.)_______
Cooper Bessemer Corp., common
8-31
9-15
Corp.
preferred
6727a
9-15
tlOc
Steel
12%c
(quar.),,:
(Del.)_^™_,
Corp.
Continental Telephone Co.
9-10
1
Co.
10-
Canadian
C#se
Motors
9-12
Fibre
Diamond
Oil
Continental
1
9-
9-21
50c
.
preferred
10-
8-25*
Co.
(quar.)„_.™
(interim)
Co.
t5c
Participating
67c
$114
9-11
1
9-15
(quar.)™™;--—$15c
conv.
10-
1
Participating™—---——-™
60c non-cumulative
$iy8
.
Publishing Co. $4 prior preferred,
Cutler-Hammer,
Inc.
1st preference
57a
t
■
&
Finance Co. of America
Class A (quar.)
9-15
(quar.).
(quar.)
B-^l
9-30
t$l%
t$l
Canada Permanent Mortgage (quar.)™—t$2
Canada Wire & Caole Co., Ltd., cl. A (quar.),
t$l
Class B (interim) _™_;_
;
t50c
6V2V0
preferred- (quar.)™™™—™
t$l%
Canadian Breweries, Ltd., $3 pld. (quar.)—
J85c
Canadian Canners, Ltd., common (quar.)-—
11214c
Ltd.
9-15
25c
50c
t$iy4
(quar.)™™—™-
Packers,
preferred,
25c
(interimI—
__
6%
Assurance
Ltd.— '
Registered shares (quar.)i
Canada Northern Power, common
9-21
Can
1st preference (quar.)__
Ginger Ale, Inc. (quar.)™™
preferred
9-30
10.10
1
Continental
class A (quar.)
Canada Malting Co., bearer shares (quar.)™
Canada
9
9-
10-
(Bait.)
(Marshall)
Continental
Canada Foundries & Forging
17o
9-19
Field
1
sinking fund
Dry
9-19
9-15
5
™_.
Canada Cycle & Motor, common
Canada
1
Fidelity Trust Co.
1
9-
(accum.)____
Crushed Stone
Canada
10-
10-15
10-
t43%c
(quar.)_
Consolidated Steel Corp., Ltd., $1.75 pfd
Consumers Gas Co. (Reading, Pa.)
(irreg,)_
Consumers Power, $4J/2 pfd. (quar.)
$5 preferred (quar.)
2
11-14
Name of Company
,
$2
pfd.
9-
—__*
____™
9-
Per
of Ree.
t5c
7%
Co.,
9-30
Payable
12»/2C
8%
Stores,
Holders
When
share
(quar.)
Corp.
Continental
preferred™.......,
Calgary & Edmonton Corp. (interim)-.
Cement
Calaveras
Consolidated Retail
Continental
—
—
8-21
Oil
9-15
'
Co.,
interest thereon
Consolidated
9-15
*10c
$1
50c
50c
10c
70c
15c
$1%,
8-29
9-15
'
———
preferred (quar.)
Byers (A. M.) Co., 7% Pfd., representing the
quarterly dividend due Feb. 1, 1941, and
Water
Per
Name of Company
of Rec.
9-15
$1.8919
t75c
(quar.)_:—
Co
7%
Burgess Battery
Butler
Hoiaert
Payable
Monday, September 14,1942
; .15c
949)
'•
.
•
9-14
9r
1
9-25
«-15
10-30
10-20
,
•
Volume 156
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
Stock and Bond Sales
NOTICE—Cash and deferred delivery sales are
disregarded In the day's
New York Stock
<o>
DAILY
WEEKLY
-
they
range, unless
are
Stock
furnish
we
Daily Record
of
[High
r,'.v.:
,,
Total
—
Low
-
Close
.
\
—
sales
3%S, 1946-56-,.
Daily Record of U.
•—■'
■
Bond
Prices
1
.
2Vis, 1956-58
—«...
.
'*'*
Total
sales
in $1,000
—-
Total
—-
; ;•
."—
—
sales
t1'-.
'•
'(High
—\
33/aS, 1943-47.
sales
in $1,000
3
1
-
( High
__■{ Low
Vis, 1943-45
——
—
Total
■
sales
'•
in $1,000
'<
3
units—i...
f t High
'/is, 1944-46sales
in
$1,000 units..
;* •//:
in $1,000
•«
—
—
X::>
sales
-I
in $1,000
'■y-'
•''
■■■
•
2y8s, 1955-60
■
Total
sales
"..
23,is, 1945-47
Total
-
sales
in $1,000
Total
23/<s,
■■
sales
—■
777
109.30
■
—
Low
(Close;,.
units
■?'*
-.
>;
*7.;/.
.
7
'■ y
„.
'
—_
High
—
.
,
—
Low
•
—
Close
7',
(High
{ Low
1949-1951—
(Close
2s,
Dec.,
in $1,000 units
.77
'
-'7
1949-1951———
{ Low
72s,
—
[Close
■
sales in $1,000 units
'"■•77:
.
I High
v,
•
■
Total
•-
,
,
1951-55
'•'/
.
—
(High
Low
—
——
7-i.
Total
sales
{High
.•
'
1956-59—-——-I Low
7' '7.
,7' ):■ {Close
23/4S,
-
Total
- 7' 7
7';
7. 7:
7
'•
Total
?
"
'
•
In $1,000
7"•
2V4s,
> '
1945—
•'i
'J
1V4i,
Total
Low
(Close
sales
-77:.
7
Total
sales
'
v
—.
Mortgage
[High
Close
—-
—
109.30
—
■■■■'■'4;., .—77
,
77
' '
,
[High
Close
•!
W--
Rome Owners'
7.77/'—w
.
,
.
Loan
3s, series A,
Vi"7
;
-
....77".,^—'77.,-—,7'7;.7V
r3'''—
7-—
^
.
.—
Low
—-■
109.30
•1.
3
'
—..7"
108.8
,
,
106.8
close
—7
77-
*2
77-7fHigh
{ Low
.
/-7
7
7
—
in $1,000 units
■
,
,
103.10
103.10
;
—_7,r.-
7:
•Odd lot sales.
106.19
^^.
■
-
in
106.19
——i
.;;
.
tDeferred delivery sale.
*3
tCash sale.
Note—The above table includes
>.
106.19
.
—
_—
101.11
;—.
"7"'7w777'
.7
—.
.
'
77
.—
1
,
77
■
Total sales in $1,000 units
*1
101.11
101.11
Close
_"7;
106.8
—
HOLIDAY
Low
V/zt, 1945-47.-
106.8
,
:
7...
—_
—
7
106.8
HOLIDAY,:.;..
—
7
—.
,
•
—
'7;'L7:- i:7'™77:';77
,7106.8
units—u..
:
HOLIDAY—
7-
•
—.
.
103.10
:'
Ill ': I';/, HI V" III •'••."r.
7,-7,
'.7,."—;_:'7
,
High
7'.W7l—'
7^..
Low
Close
.,'7;'
7
HOLIDAY
High
1944-52
7"[High
Low
(close
"7,-7
Farm
109.30/
■<
(Close
.
103.14
103.14
Low
—.
i-j
in $1,000
2Vis, 1950-52—
nv
103.14
.7.
Low
7109.12
109.13
HOLIDAY
—Low
7,7 7'.'
Federal
—
( High
—-| Low
(Close
in $1,000 units—.
'^'7'''"'
Total
^
HOLIDAY
(High
—
77'i:- 77.7;V,7.a ;;-,77-.;!_ 1
sales
IV4», 1949-53
""7"....''7:
."7 "'7
.7;'
'
1953-55-.
109.12
_
units——
L
1948
109.12
,
,
109.13
7",
,
....
.•■•.7: 777 7.7,. ,,77."
Total sales in $1,000 units
;
7
7 '
,7:
1
',■7; 7'
7-
■
„
,
fHigh
7
^
.■■■;
sales
V'
•
•••;.*..
109.13
77
7
.7.
1960-65————{
a^s,
v
in $1,000 units
'
•••
•V
Low
(close
.
sales
A-
2s,
—
HOLIDAY
[ High 7;.,.—-
\
'
Total
;
•
Close
'■
7'7-■—
'
—
Close
units
1
.
23/4s, 1958-63-—
A-'v"
7-7
,77
.
7
.—
sales in $1,000
Total
in $1,000 units
sales
7,
1
——
.•
.
7',f7
in $1,000 units-—...
104.4
I
7'-...
7,
104.4
$1,000 units
."7 7'''7
—.
';*7
■■>"!;■;
—.
104.4
Low
,
Total sales
-7. _7.;;'
-
HOLIDAY
[High
,,
Sept.,
•
...i v:,
;
I-
{ Low
(Close
in $1,000 units
,7 ; ■ "7;
Total sales in
•'
2%s, 1951-54—.
(High
'7
'•
.
;7.7..
2s,
f High
r-■■
./
,
;:/7;.'
,77, •,/j,,
2s, June, 1949-51——:
.109.30
...
7—
..
Low
■
sales in $1,000 units——
/'/,■ /v.:/;7' 7/
/
_—■■■■.■
[High
.
1948-50——
Total sales
-
...
units...
—
in $1,000
;
.
—
1948-51—|
Total
(Close
v-7
2s, Dec. 1948-50—.
HOLIDAY..109.30
—.
Low
;,:;:7
'
'7'''V'V77 :"5
—.
(High
Close
'
■
Low
(Close
.
—
2s, March
,7
:
.".'.(Close
v
•
(Close
{High
{ Low
High
,
"7,7v,// 7.777
:
"
(close
■
Total sales in $1,000 units
—
in $1,000 units——. '
3
Low
■
'
-
101.6
5
Low
!■■'.
•7.r777v77';7-'7'.-:.:-;;7,'7:77. ";.7-.-,..7.;.;'
v;
—
101.7
3
[High
/
."-V
.\
77,...-'.
1947
2s,
i
Low
101.5
;•••' 7
—
Low
■.High ■";' _w..;V
101.6
sales in $1,000 units——
—
V
—
_—
units——
■
' :,v
101.6
101.7
HOLIDAY
(Close
'•
'...7,77V, -..v'/'t
4
101.7
101.5
Total sales in $1,000 units
—
.
...
[Close
Total
//■
[High
•
,7j>
—-/,
.
—-//
units—
3s, 1951-55—
"
2
101.5
I
—
'•■7' 7\
;
—
100.15
100.15
sales in $1,000 units.—
7
'
100.15
100.11
(High
/:77/\;7.77.''7''7' ;!7.- 7V;
%
Sept. 11
100.15
Low
7:, 2Vis, 1954-56
'v.v;
>>—/? v/v» ~~v./
.
100.15
-j
Vis, 1952-55
7.7,' 7
—
—«
—
Low
[Close
in $1,000
.,///:
—
—
-I
sales
2
.
HOLIDAY
6
,
v
—
—
/v: [Close
units™——
3s, 1946-48
Total
,v7' 7
Total
■'y.;.*-.'.-
Low
[ High
Total sales
;
102.24
•••■7
—:
;—
—
Sept. 10
(close
7
>
•
I'
"--V///'//—../77.
:
//■'•?/',—_
:
7
..
sales in $1,000 units—
Total
...
Sept. 9
units—
——
2>/4s, 1951-53-
—
[High '-jy
'
'•
102.21
...
._■{ Low
in $1,00
1,
.
7
'
[High
-
.
1949-52-.-—_—J
3 Vas,
:',
•
Total
1
[Close:,
sales
'
—
Vas, 1946-49-.——.
Total
7
—
';
..
—
units
/3
"
■■
sales
Vis, 1967-72
102.24
V-
[Close
.
in $1,000
———
.
—
Low
-'v'
Total
Sept. 8
f High
2
.
>
.
Sept. 7
(close
.
:
.—-
—
.
.
Total
—
—
i-,--"[Close
-
7
t
—
——
—
HOLIDAY
—
Low
•
—
—
(High
w,.--
,
~—
«—/■
1
...
units—.—.—
-
W,.
■■
—
/■
—
[Close
Total
—
—
..—'
Low
Sept. 5
in $1,000 units—
—
2ViS, 1962-67—
'
—
the New York
| Close
•—»
LOW
units
on
(High
{ Low
—;——
---
[Close
.
bonds
coupon
f High
'
V'
Exchange
Total sales in $1,000 units
—
:
year.
\ Low
(Close
Vis, 1952-54
-
—-
.
—
'
S.
Treasury
.
for the
range
point. (See note below).
a
—
—
■
—
•
—
<"■
■
...
/
2
:
—-
—
High
Sept. 11
■
32d of
one or more
.
Low
in $1,000 units.
Sept. 10
/
..
—
[Close
Total
Sept.9
■
.
—-
f High
4», 1944-54—
..
«.»-■"
-
sales In $1,000 units
Sept. 8
1,1 "—-J
—-
•
—
Sept. 7
Sept. 5
S. Bond Prices
U.
Vis, 1947-52
*
Figures after decimal point represent
Exchange during the current week.
Treasury
4
the New York. Stock
on
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
a
Exchange
YEARLY
-
the only transactions of the day. No account is taken of such sales In computing the
United States Government Securities
Below
921
registered bonds were:.
No
7
sales.
•,
.
only the sale of
77',7;vv7/
7. •.'7;;717
-,.' 77: -•
coupon
J 77-:7'7:"
.
7/7'/
:•.
bonds.
Transactions
7:'7v7'7/"'7^/7l,7
:7.V7,777-
7''1 7;'"
7 7
■
'
•
••,.7
.777'.'-?• 1
NEW YORK STOCK RECORD
LOW AND
Saturday
Sept. 5
t per share
J
*45
Monday
Sept. 7
i,
HIGH SALE
Tuesday
t per share
46
*45%
109
*4514
Sept
*45%
46
*38
40%
♦38
40
109
*108%
6%
6%
23%
23%
7
?3
*31
36%
39
*39
40%
6%
23%
6%
6%
23%
23%
23%- 7
13%
13%
13%
13 V4
13%
13%
V. 32V4
32%
32%
32%
32%
32 %
*60
70
*62
2
,
2 Va
80
*V4
..
*73
4%
4»/4
4'%
♦10 74
11%
*62
2»/a
80
%
fit
4 V*
70
2
70
.
f.
*74
14
■i
*62
2 Va
*2
17%
17%
69
*4%
4%
4%
4%
*4%
4%
♦U
17%
23%
*11
17%
X171/4
*61
69
132 % 132%
132 Va
132%
*10
*10
10 V4
*1314
13%
5%
5%
*68Va
'*
69
23 Va
5%
13%
5%
69
400
12
4%
75
2
2
7
1,500
-V"
75
10
400
4%
4%
*4%
4%
•
2,800
17
13%
5%
*68 Va
132%l
132
10'/4
132%
*10
17 >/a
V
4%
*10
13%
14
5%
5%
*
69
11%
16%
Range for Previous
.
Year 1941
Lowest
132
10%
16%
5%
;
Highest
17%
17%
17%
17 Va
17%
*17
17%
12
100
%
%
*11%
*59%
60%
60%
60%
60%
21V4
21 Va
21 Va
21%
21%
22%
22
22
*37%
37%
37%
38
38
38%
38%
39
.
%
%
*%
*
%
48% Jan
13
43%
Dec
51%
Jan
7% Jan
3
5 Va
Apr
8%
Dec
Dec
24 %
18% Jun
8
23% Sep
8
x
17%
Aug
8
9Va
Dec
15%
34%
Nov
45
July
61
68
2
73
Sep
75
Aug
10
Jan
6
Mar
Jan
2% Jan
13
94% Feb
10
Dec
99 Va
Aug
3/a Jan
7
Va
Dec
%
Jan
Jan
26
3%
Dec
10%
5% Jan
26
3%
Dec
27
11%
Dec
21%
Apr
17 V4
Dec
25%
Jan
Dec
11%
Min
-No
Jan
2
5 Va %
pf A with $30 war_. —100
100
pf A without war—
$2.50 prior conv preferred No par
3 % Apr
17
5% %
3% Apr 18
9% Jun 23
Allied
—_
Chemical
Allied
17%
9
1% Mar 24
Allied Mills Co
1,700
1,100
Sep
Sep
5% Apr 24
Sep
69% July 15
1,700
23%
54%
par
2,600
x23%
Dec
—10
Gold
Juneau
Allegheny Corp
5%
23%
13%
-
&
ji-JwJil
Dye
No
Allied Kid Co_„
100
34
13
Albany & Susq RR Co___ ™'_100
Alaska
13%
69
12
6
1,300
5%
16
Jan
13% Sep
131%
69
55%
Jun
43
49% Jan
38 % Jan
1,100
10 %
Feb
109
May 14
Mar 27
Allen Industries Inc
*10
46
Mar 24
29% Apr 28
Alghny Lud Stl Corp——No par
Alleg & West Ry 6% gtd—100
23%
*%
Vicksburg Ry Co—
$ per share
par
1,300
23%
*11%
par
$ per share
100
Inc—— .No
4%
69
13%
14
69
IK
Corp—- >No
par
$ per share
May 14
39
.No
4%
*61
4%
13%
Adams-Mills
-—_
131%
69
68 '/a
*11
600
23%
1
Lots
Highest
37
25
Co__——1.—__
Express
&
4%
*61
4%
Steel
Ala
69
4%
11%
Acme
Adams
Reduction
23%
For footnotes see
page 931.
100-Share
104 "
31
Air
23%
'
of
t per share
.-No par
Address-Mutigr Corp—_—^ L—10
4%.
*11
100
preferred—
1,300
f>
'/a
11
1
17%
'
*
•
23%
17%
*34
13%
*68 %
10V4
7
3,600
4%
1,400
4%
17>/4
69
4%
-
~
12
4%
100
■
na
4%
4%
6%
Abbott Laboratories—— -No par
Abraham & Straus—-—
13%
:
80
30
40%
.
Par
32%
*
32
4%
*61
4%
-
Basis
Lowest
32%
*62
2Va
*75
80
A.
60
'
•60
On
13%
,
*
69
100
109
36%
*22%
13%
32%
'*/'•'
45%
*39 %
6%
6 Va
*32'/a
2
Range Since January
STOCK
EXCHANGE
Shares
share
*31
*13'/a
•70
NEW YORK
for
the Week
11
.
45%
108%
109
33
36%
24
S per
39
*32%
6%
46
I per share
109
36 Vi
*22 »/a
Sales
Friday
Sept. 10
# per share
46
*108 %
*31
6%
Thursday
Sept. .9
"
$ per share
109
,*108</a
STOCKS
PRICES
Wednesday
Sept. 8
5%
—
Inc__„
No par
Stores Corp——
preferred
Allis-Chalmers
Mfg„_
*11%
14
60%
*59%
60%
*59
60%
300
21%
21%
2,100
Am
38%
38%
3,100
American Airlines
Petro
Jan
6
135 %
12 Va Jan
26
10 %
Jan
Jan
9% Aug
Feb
11% Apr 24
14% Jan
26
6
Va Jan
27
81
Jan
13
30 Va Jan
Apr 28
July
3
Apr 29
14% Apr
17
149
11%
13
.
Aug
14% Apr
Dec
9
87
Oct
3
37
Jan
18% Feb
3
14% Mar
5
•
'
Sep
Dec
21% Aug
1% Aug
10
Apr
20
41%
Feb
6
14%
Feb
63% July
22% Dec
3
40
Feb
58%
—_1
u Aug 19
1% Jan
18% Jan
27
43
60% Sep
9
18% Jun
30
23% Feb
10
25 V* Apr
17
48% Jan
%
26
12% July 24
Mar 27
Dec
Jan
167% July
71% May
24% Dec
No par
,
5
,
Dec
May 25
10
No par
CDel)
Inc
4%
50
Corp—,
Agric Chem
13
Dec
27
5Va Jan
par
—No par
6% conv preferred
Amerada
2
73% Feb
22
Amalgam Leather Co Inc_
14
22% Jan
4
Alpha Portland Cem
*11%
May 25
Mar 14
3% Apr
9
118% Apr 28
64
No
Jan
16
100
:
17
72
—No par
—
14
par
5
6
1%
85
•
Sep
Jan
Monday, September 14, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
922
RECORD
NEW YORK STOCK
LOW
8atnrday
Sept. 5
I per
f per thart
STOCKS
PRICES
SALE
HIGH
Sept. 9
share
Friday
»
t per share
t per share
/
*
the Week
share
Range Since January 1, <{.
-
On
STOCK
Basis
of
100-Share
Range
w
for Previous
|
Year 1941
Lots
'
"'I,
Lowest
EXCHANGE
Par
Sharrt
7%
per
YORK
NEW
Sales for
Sept. 11
Thursday
Sept. 10
Wednesday
Sept. 8
Sept. 7
I per share
AND
Tuesday
Monday
500
I per share
Highest
Lowest
Highest
I per share
J per share
t per share
'
43%
44
.,*43%
4%
•
*4%
4%
*25%
257/a
*
,
*126%
169
*24%
17%
18
*14%
18
*14%
'.
"
300
*14%
Chain
5%
6 Va
16%
6%
6%
*5%
16
16%
%
Am
17
10%
99
98%
10%
10 Va
*10%
1.
*%
-*4
.
■
19%
%
%
.
3 Va
3%
3%
31%
32%
32 y4
29%
29%
'2%
37
..
32%
2%
29%
*29
'
n
-
v.
36 y4
„
5
••
.
2% Sep
10
2:>
70% Jun
18
168% Sep
11
May 20
4
"
I U
May 21
Jan
Allegh Co N
32%
Sep
1
22%
Jan
May
4
99
Sep.
|
%
i
-
5
29%
29
3%
2%
y
*28%
*34
r
35%
*34
*49
35%
*34
49%
*49
2%
2%
*34
35%
:
48%
*1%
1%
33 V4
33 %
-*1%
*3%
»
-1%
1%
33%
32%
32%
-*3%
5'/a
•
•
*74
78
*11%
12
-
5%
5%
18 %
•
-18%
117
*113
25%
*25 Va
%
*25 Vs
'
%
-
•,
.
16%
4:>a
*143
117
16 Va
15%
16%
4%
-4%
•4%
55%
•
160
■55%
-
*146-
9% '-■9%
-
|
v!r
5
:
18%
17,600
56 £•
-7%
7%
7%
10
9%
*27%
-10 Va
10 v4
10 y8
10%
*27%
27%
38%
-
27 >/a
27 %
27%
-38%
38%
38 ya
38%
-
38%
•
■
143
143
144
*33
34
*33
144%
*140
18%
11
10
-10
*
16
17%
%
*85
7
7
620
*20% 1
120 V2
*40
21%
*20%
-
120%
■:<
-
4%
*4%
27
27%
*113%
114%-
•
2 Va
2 Va-
-
*44%
•27
4534-
•
»•
•
41
40%
;
42%
4%
-4%
26%
-2
2%
2
45-
%
4r%
26 ya
4%
2%
45%
2
Amer
♦3%
3%,-
*56
3%
59
3%
3%.
*40
25%
27%
; *14%
-
-
:<
15
■
.
'
100
i
~
*14%
..
25%
25%
28%
28%
15 V4
*14%
.
25%
-
57
25%
-
•
*40
k"r
i
I
3%
♦8%
*1%
9%
*14%
15
2%
2%
,
47-
26
•
-
*6%
*3%
*81%
57/a
108%
46%
203/a
7
4 Va
-*
*6%
*3%
'
95
*31%
57/a
~9%
-*8%
1%
*40
26 V4
*111
*111
*
V-*'
9%
1 %
2%
47%
51
V»
:
*
33
-
108%
*35
•
*
-
108%
-
57/a
33
*8%
33%
32%
103%
*107%
2%
2%
2%
7
43%
51-
26%
7
*6%
4%
5%
*5%
*68
'V
*61
62
62
62
♦55
62
*25
27%
f
*6%
57/a
70
*54
27%
*25
97 Va
97*%
97%
98
*94
43%
44*%
43%
44
68
68
68
68
67
67%
67
67%
28
28%
28
28%
28%
28 %
27%
28-
*19
20%
20 V4
20%
20%
♦20%
21%
41%
-41%
17%
17%
27%
*25.
i
'
*95
406
•
*
.
;
preferred
7 %
2d
preferred
*41 Va
-41%
17%
-
*19%
17%
17%
101V4
6%
7*41% -43%
17%
101 v4
6%
17%
17%
102%
102%
*102%
6%
*6%
1,100
27%
3,700
20%
300
*41% -43-%-
16%
*6%
6%
48%
*44
46 V*
-
*47%
48 J%
*46
<■
'
46 */4
6%
*
105
-47%
-
47%
48%
46
Vi
6%
*47%
48%
*46
-
102 V4
48
-
104% '
■
6%
■"
*47%
48%
200
*112%
115
*112%
115
*113%
115
*113%
*7%
8
*7%
8
*7%
8
*7%
a
*1%
2
*1%
2
*1%
2
*1%
*19%
20
19%
115
115
113%
'
20
20
3
3
*20
3,
20'%
3 %
*1%
•
-
2
19%
20
■■■:•? ; -3
/
3%
■■
3
"
3'/a
11%
7%
.
40
11%
/ '
7%
'
3
3
Feb
165%
Aug
155
;
13
10% Sep
4%
Dec
6
8
35 Va Jan
•
Deo
Jan
;
7
'10%
Jan
Jan
Oct
14
29
Dec
40% July
14
33%
Dec
45% July
132% May 14
147
Feb
2
29
Apr
136% Jun
29
35
11
9% Jan
7% Jan
20% Feb
Feb
July
8
.78% Mar 27
17% Jan
15%
:
Jan
Deo
Jan
28%
Jan
Deo
6%
V- -
21V4 Jan
13
13
14
81
11% July
W
13%
Feb
97% Jan
*
Sep
54
150%
Deo
8 Va
4
11
3
155
Dec
Deo
139
6
12
3
.2.
.•*
Mar 26
15
29%
Mar 14
16% Jun
,
.
Mar
138
July 13
144
Jan
23
2:
22%
98
11% May
Aug 14
Jan
Sep
Sep
19%
Aug
101 % Apr
29
134% Jan
6
115%
Deo
168%
33% Apr
24
49% Jan
27
43%
Deo
73%
Jan
347/a Apr
20
50% Jan
27
43%
Deo
74%
Jan
6
143% Jan
14
Jan
19
120
Apr
5
; 3% Apr 27
.22
Apr
28% Aug
116% Jan
1% Apr
39
; Aug
3% Apr
.
52
15
3% Jan
3
14
70% Feb
18
Deo
23%
112
5% Jan
14
Jan
Jan
>
Jan
29%
Aug
Deo
-'V 7%
Deo
99%
Jan
Deo
8%
Aug
Feb
81%
Sep
8
Jan
3%
61
«> 2%
46
Deo
•
v-
Va May
Jan
66% July
'
28% Jan
14
22 V.
Feb
30
Jan
5
24
Deo
35% July
17
Jan
3
11%
Apr
17%
Sep
112% Mar 19
110%
Jun
115%
Oct
7
Deo
22% May 20
1,
24% Aug
12% Mar 11
May 26
107
10
7% May 20
.
16
112%
10
42
Sep
67% Feb
4
Aug
1
66
Jan
Jan
2
29
July
2%
60
82
4 % Apr
Jan
70%
Jan
72
Sep
Deo
34%
Jan
3
6%
Dec
0%
Sep
3
Deo
6%
Jan
,', 87% Deo
91%
Oct
5%
6% Jan
5
Dec
10%
77% Jan
28/
61 Va Mar 24
' 8
78
Dec
88
Jan
17
70
Dec
83
Jun .29
53
July
Sep
Sep
Jan v.
;
4% July 10
28
May 20
79
5%
20%
9
7% Jan 26
5% Mar 20
V 2% Apr
V
Dec
47%
21
21
11;
102%
Sep
Sep
Sep
Aug
•
Dec
33%
Jan
96%
Mar
Jan
31% July
preferred—...j;*..—**. 100
60 Va Jun
25
2
53%
Deo
70% May
29% Aug 19
13%
Feb
28% July
5
13%
Feb
45%
Oct
.45% Jan ,3
16%
Jan
56
Nov
19%
Jun
28%
Deo
W I
«fe
S3
20
par
Lines
1
—
preferred—
v
16% Jun
33
100
*
70
2-.
19% Jun
RR——100
34
24
Mar 16
Mar
Jan
Refinlng.-.i..___**_*—_25
14% Apr - 30
23 V. Jan
28
pref series A—-*—.*100
99% July 20
109 % Feb
20
Jan
T5
6%
Feb
50.% Feb .16
'..'47%
Feb
conv
——No
par
1% Apr
11
25
23
25
30
17
prior A————L-Jio
par
15% Apr
-
28
6%. Apr
-.5
Corp—-.-*'.—;
46% Apr
preferred..**——^..50
Powder..No
Nichols—
13,400 ;
Aviation
1,900
Baldwin
2,500
Baltimore &
Corp
43
par
—.100
111
—No par
7
May
Apr
2% Jun
Del (The) —'.—3
of
May
:
2
7
107
May
70
Jan
5
61
116
Jan
17
111
6
7% July
51%
Feb
2% Jan
Jan
9
4 Va Jan
8
22
;
1% May
9
13
•
.
2%
Nov
72%
.
Apr
9%'Jan 26
<111% -Sep
r
May
.
Jan
121
Oct
0% July
■
'■
3%
Oct
May
25%
Oct
Apr
»v*
Jan
B
11%
11%
*11%
11%
11%
3
3
3
3%
3
5 T«
5%
5%
6
11%
5%
*5%
5%
5%
5%
26%
26%
26%
2714
10 Vs
10 %
*4 V4
5
•24%
27
10%
*4%
•25
10%
*25
26%
*81
85
*7%
8
*13%
25%
26%
*81
*7%
10%
5
*4%
25%
9%
*19%
400
10%
12%
*104%
300
5%
27%
27
9%
20
1,200
5%
27%
5Vi
27%
*4%
12%
25%
5%
*25%
9%
107
3
5%
5
12%
*1914
3
5%
27
9%
*25'4
3
5%
5 '/4
10%
13 %
*104%
3
5%
27%
5%
9%
20
25%
110
11%
3
'
27
13 Ye
11%
9%
13
20
20
25%
25%
110
►104%
5
9%
12%
*25
20
25%
110
.
10%
*4%
27
9%
9%
2,200
12%
1,400
*1914
*24%
*105
100-
Bayuk
400
Beatrice
*25
28
*25
29
*25
*81%
85
*82
85
*82
~20
85
8
*13%
8
8
13%
13%
*7%
8
*13%
7%
Beech-Nut
7%
200
12%
13
12%
13%
12%
13%
12%
12%
32%
32%
34
34 %
34%
34%
34%
33%
34%
14,200
13%
*13%
53%
52%
13%
13%
13%
*52
53%
*52%
53%
*53
*21%
22%
22%
22 %.
22
*13%
52%
*107%
53%
109
For footnotes see page 931.
53%
*110
54 %
110%
13%
53%
110
.
22
53%
110
*21%
14
14
14
52%
52
52
22%
*21%
/
Bell
21%
200
53%
52%
53 Ve
3,000
109%
i09ya
109 ya
200
—20
No par
Pr
■
Best
Corp—
Indus
1
5
Loan——No
par
pfd $2.50 div series '38_No par
Si
Co
Bethlehem Steel
7%
—__
Aviation
Beneficial
300
53
50
RR
Packing Co..
Aircraft
Bendix
700
*103
par
—25
No par
Belgian Nat Rys part pref—
1,000
32%
w
Belding-Hemingway
20
♦13%;
12%
w
1
—No
Creamery—
Creek
Beech
——5
Corp..
Inc
Cigars
par
—50
Co——
Works
$5 preferred
29
85
Oil
Iron
20
12%
-
Bath
No
preferred.
25
26%
100
._50
-100
10
-
Brothers——,
Barnsdall
110
100
Aroostook,
preferred
Barber Asphalt Corp..—
5Vs%
preferred-
9% Jun 29
C—--13
5%
Conv
Barker
~10'
t
k
Bangor
-
3,400
12%
-
:
v
Ohio—.*—
preferred-*—
4%
5
*25V4
•
25%
9%
*19%
10 V4
10%
12%
*103
*5%
27
Works
Loco
———No
par
(Del)....r_No par
—100
,,
2% Jun
4% Jun
4
Apr
22
Jan
6 Vb Mar
4% Apr
24% Aug
8% Jan
3
23
15
2
25
25
20
2
-.14% Jan
4% Jan 28
10 y4
2%
Dec
7% Jan
27
3%
Dec
6% Jan
26
3%
31% Jan
20
18%
7
Deo
Deo
19
12%
Dec
34
12%
9
6
Jan
27
5%
Dec
30
Jan
2d
27%
Deo
Jan
5% July
8% July
Apr
10% Sep
Sep
July
Sep
9% July
35
Sep
2
11% Jan
27
7%
Feb
10% July
12% Jun
3
15 Va Apr 30
20
Apr 15
103
Mar 20
18% Jan
6
13%
Dec
24% Mar
17%
Dec
23% Jun
8
Apr 24
6% May 14
64
fi
25% Sep
104% Feb
16
102%
Dec
106
Oct
Feb
24
28%
Feb
32
Apr
110% Jan
10
Jun
120
Jan
30
15
28% May 21
9% May 6
39% Jan
Mar 18
Apr 27
May 25
July 1
2
8% Aug 24
13
May 20
9% May 20
46 %
17%
49%
105
31% Mar
21 % JUn
.
May
8
20
108
Dec
27% July
8% July
6%
Dec
10%
Jan
17
Oct
32%
Apr
41%
Sep
16% Mar 30
14
Jan
3
13
53% Sep
2
24% Jan
19
66% Jan
2
Jan
7
121
i'
Jan
108% Mar
i
Jan
2%
33%
26
14
50
100
:*_1'
—100
..100
12%
Feb
%
/
111% Mar 12
4'/a Jan
July
Deo
/
.
35
27
xl07% Jun .12
2% Sep
Jan
1% July 28
Jan 15
Mar 11
1
.27% Apr
30
Aug
Line
.
Aug
•/:
2%
•
-
13
50
Sep
7
84%
14
23.
159
:
Dec
0
76% Jan
Dec
3%
3
5% Jan
3% Apr 29.
Jun
-
2
Aug 10.
38%:
>
xl43
3
17
108 % May. 6
/
18
Coast
•'
Jan
82
G
V (5
28
20
Austin
"70
Jan
5
Atlas
2
19%
*
,5%' conv preferred^
Tack Corp.——;
.
100
7%
45% Aug 19
Atlas
■
Deo
98% Aug 20
61*
.
Jan
3%
26% Aug
'Atlas
100
39
2
'-Kit'
:900
Deo
6
5%
200
■i
48
48
.-
'
6%
Jan
17%
22
9
-
*47%
Jan
Jan
4% Jan
^
Jan
Atlantic
3,500
3%
46%
27% Jan
5%
200
17%
Aug
Deo
Dec
81% Jan
Atlantic
Atl
26%
%
20%
preferred——..*.***.—*.100
Topeka Sc Santa Fe__j....l00
Atch
11,600
"67%
20%
'
102
*101
""""
41% -41 Va
67
'27%
...
Jan
Jan
n
Jan
5
Goods—
Dry
1st
"
•
par
preferred
51*
120
43%
...No
Dec
Apr
43
par
Assoc Investment Co——No
•
42%
.....
6%
100
98
43%
11*
No
Corp..
Corp
Associated
100
v'
27%
P8
V"
43%
Constable
Artloom
400
■
63
43%
2,100
f
5%
*66 Va
98
preferred—
Armstrong Cork Co
23%
23
121
26% Jan
2G% Jan
May 25
24
preferred——No par
...100
7 %
—'
Arnold
4
63
*55
f6 conv prior
2,800
95
*81%
6
43
*25
'•'.
par
(Del)
Sep
Apr
35% May 14
par
pf 7% gtd-.lOO
Armour k Co of Illinois——5
6%
4
69 y4
69%
'
26%-
4%
*5%
70
i
95
*81%
6
70
!
51
7
*3%
4 %
95
43
26%
Armour Sl Co
j 2,200
2%
42
26%
*6%
7
*3%
.
V, *81%
2Va
■
Archer
u—Ho
Midl'd.
Daniels
200
300
*40
51
26%
26%
2%--~
44%
*40
51
26%
95
2%
42%
45
*40
...
{
32%
109
6%
Feb
Mar
15%
111
21
Mining—.*.—50
.No
2%
,
Feb
7 Vb Aug
„
Cable...
k
Jan
Jan
15%
*12.50
$5 dlv preferred
No par
Andes Copper Mining—..——20
A P W Paper Co Inc.*———*5
1%
*32%
--
* '
5% Sep
23% Mar
,
i
Jun
13%
Dec
73%
Anchor Hock Glass Corp
■i
9 V2
*107%
*68
27 Vs
*8%
33%
-
'
*1%
'
109%
70
*97%
'
1%
*32%
*68
*25
9%
*1%
■
1%
1
Anaconda W
17%
95%
8%
Deo
•
*108%
r-4 0 cc ur-
48-
1 %
*111
340
Dec
7%
Dec
par
preferred——25
Anaconda Copper
8,600
I
Dec
77% Dec
;
9
•
$5 prior conv
J.38
50
preferred
1
—No par,
American Woolen.i——_—_No par
Preferred
100
-
Jan
13
100
Amer Zinc Lead k Smelt—
50
24
10
Elec.....No
Si
Jan
Feb
-
100
I
.
'
*8%
1 Va-
34
*33
♦in-
*
•
2,500
:
'
*111
i
.
28 V4
15
600
300
45
25 TV. 25%
28%
/
28% /
*14%-
Va
3
3%
28%
15
4
\ 57. '
:
Wks
13%
/'/
Jan
1st
-$6
Dec
Jan
25
-
Deo
Jan
12
Corp...*. ..***.14
Viscose
Oct
2%
.
Aug 28
119
Sep
4%
6 %
;
6
;
2%
30%
59
-J...... -*—100
preferred..—
Water
Am
f 2,800
45
*3%
-
41
41
44%
28
3%-
57%
3 Va
3%
*40
26
■.
3%
57%
3%
•
59
3%
..
44;: /■'
25%
V 27%
3%
*57-
3%
*40
26 Vb
27%
58
*3%
44
-
-3%
58
-
-5f#
?■
6
'
.
Feb
165
.100
.....
,,
Dec
,
20
10
16
.12
:
22
—.100
class
Aug
1
May 29
52% Apr
.No. i">r
Type Foundries Inc...
American
j4,500
'
-
142% Jun
par
..No par
Refining...
16preferred
400
2%
*44
■
-
Aug
51%
.'
,
Jan
.."■i 8..% May 25
Tobacco——.— .**.**25 ■
-Common
130
27
—
Co*.
."Preferred..———
American-
2,400
*114%- 115
2%
*44%
45
!
4%
26%
.,
11,100
1
43%
33 Va
Dec
89% Jan
;
25
.
-Am Sumatra Tobacco...— .No -par
100
Amer Telep & Teleg Co—
200
130
*129
■
9.300
40%
%i
42
-
400
,
25
Steel Foundries.—— .No
American Sugar
200
120
40%
,
43%
131
|
■
22%
119%
*114 -■?. 115
2%
45-
200
Stove
17
22
%
26%
114%
Stores—
May
10 V* Jan
.
May 15
3% Apr
'
100
American
Amer
27
42%
2
,6
.5
.9,
15
100
preferred
American
Jan
15
23
American Snuff—. —.—25
•
300
85
.
*4%
27%
*113%
*43%
41
43
*129
114%
*113%
41.
7:
43
27%
•■
22
121
119%
131
42%
X131
4%
*21
Co
11,600
*84%
,
'
130
100
Jan
,4%
Jan
12% Apr
Smelting St Refg—.. _No par
VtPreferred ...uL*..1"— ..—100
-•".v 6 %
10
17
-85%
f
!
Razor—
10%
•
17%
85%
22
10
1,700
'
;
"
38Va
Dec
% Mar 14
,.100
17%
*10%
^
V4
Feb
2
40
15% Apr
.
Amer
144%
17%
'
10%
10%
*17
121%
*138%
18
*10%
-
-
144%
*10
-
17
120%
33
17%
■
r
86%
*20%
-
131
*4%
-
'
143
33
38%
*138%
10%
86-
40%
42%
131
131
17
143
33
*32%
10 V*
-
144
144
:
18%
121%
40%
vy
42%
42%
18%
XlO%
*10-"
v.
22
120%
41
131
87
<:
33%
Amer
-
29
21
par
130
Sep
8
10
Jan
Ship Building Co— _No
j 1,300
24%
7
6% Feb
38
Apr
,2
par
27%
11%
14
-No
10';.
9
Sep
Feb
4% Mar 11
38
Jan
4
.
21% May 21
'
par
preferred-
Seating
Sep
3%
Sep
—18.50
27%
i'27%,.
38%
_No
Safety
28%
2
.
9% Apr 30
4
„Na .par
Rolling Mill——
conv
■American
10- •' '
...
Preferred
4% %
-
10%
1
'
*27%'
144%
17
87
-
10
—
——
Co..
preferred
American
7%
-
Aug
Jan
16.
Apr 29
113% Feb 20
-.—100
Rad & Stand San'-y—. -No par
800
*7
•
144
■
*138%
-
10
*167/a
-
;
;
88
<
11
-
•
*32%
18 'A
-11
*9%
144
.
144%
•18%
'
*10%
-
33%
*140
~
18%-
145
v
'
•
Ltd—
News
American
1,900
:
par
:
par
_No
.
Light-.—c. No par
.No par
preferred...—
$5
Am
*
7%
•
7%'
*7%
-
»;
93/3
55%
-.-55% -55%.v
-
«
160
9%
■%
Metals—- _No
preferred.
$6
7,100
4%
*143-
9%
6%
par
Amer Power k
/! 4.400
4%
<fc
Metals Co
American
350
Co—.. .No
Fdv
Mach St
-Amer
-
5.300
16% -17%
160
9%
117"
M?tch
Amer
2,500
25%
:
Amer
j 400
V2
4%
*143
9%
55%
5%
19
18
17%
•
4%
160
-9%
*55%
55%.
-16%
•
! 1,200
Jan
Dec
34
Jun
1%
3% Jan
5
6% Jun
£5.
.
9% Aug
Dec
Feb
33
6
Sep
Feb
%
■
l'/a
22
35.% Mar
:.
100
1
14%
Sep
5.
Sep
4%
•
May 25
par
...
—
."
9
50
.
Aug
95%
?
10
2
V 2% Apr
Jan
19 '/a
Jan
4 Vb Sep
/
36
r'
■
Locomotive—_— _No
,Preferred
-
*24%
'
par
-
8%
Feb
37% Sep
2
Mar
Dec
9%
1%
13
preferred.-.—. 1-ZZ50
con-v
American
j3,600
*
11%
*113
-
18%
18
*143
-
%
-5 %
-
7%
76
Corp—— .No
Co. of 111..
Internat
Amer
American -Invest.
39%
■
.
5%
*
25%
17%
17 y4
■
•
/V Va
'
Va
*18%
*24%
Vi
4%
~
"
9%
55%
*113
25%
17 %
•
160
~
9%
117
24%
•15%
16%
4>/4
*113
Va
•■
4%
78
6 Va
.2
1% Jan
Jan
Dec
21
25.
Nov
Jan
Jan
par
xl7
%
x367/a Apr
preferred...: —100
Jan
9% Mar
3%
May 26
_No
Ice.
121
9
Jun
Leather..
Products...
Home
~6%non-cum
*
300
■J
Si
preferred.*....
conv
American
1,000
! 1,500
3%
11%
19
6%
5 %
*75
5% f:
19
17%
18
*17%
,
5%
19
25%
%■
5%
3%
11%
American
2
67/a
:
•
400
1
?■
Hide
American
34
•
*37
*74% --76
-
11%
35%
*5
7 %'
7%
•
11%'
•5%
117
•
5% >
■•-.*37% -39%
7'%
78
.
-
•"
400
300
48%
34
'
3 % --•3%
•
19
18%
*113
•
Xll%
5%
5%
-
18%
*73
••
*5
39 Va-
-7%
r
12
*11%
*37%
7%
79%
•
•:
5%
-
;.....
34
33
\
Jan
115
Dec
9
,v/. % Sep
Jan
...
23%
Dec
Apr
90%
21
July
2
Jan
-—$6 preferred..
American Hawaiian SS Co.
-r,
•
•
.iya
2
*1%
i
3%
3%
*5
39%
7%
7%
7%
;
*75
5 Va
*37%
40
*37%
3 %
-*5
3%
*5
*
1%
*32%
-
'
X48 %
49
51,700
Jan
22
9
Jan
:
29
*34
357/a
48%
49%
•
preferred
$7 2d preferred
t7,300
2%
e
May 27 ;
--
'
*2%
;
49%
16%
July 24
Jun
Power.w....
32%
31%
1
27
Jan
Export Lines Inc.
For'h
k
-$7
-■
Jan
Jan
79% July
107
...
8
6
10% Aug
Mar 11
..
Tiling.
European Sees..-.
Amer
58,700
4
Co....
Encaustic-
American
—
3,700
36%
Distilling
-Amer
1
preferred..—:
-American
—_
i
Va
1st
Amer
800
•
.
Va
35
-
29
*2%
18
<
ii!
•
•
32%
-29%
.
10%
•'
6%
-
185
Dec
34% July
27
50
Jan
Feb
11
July
;
101%
'
2%-.
*2%
6
May 25
Crystal Sugar....
Aug
"
6,
Colortype Co____.
Oct
3
95 %
Dec
Apr
17% Mar 26
5
Jan
130%
56
~
2
American
4%
33
33
95
Deo
Jun
23
3
Mar
Jan
110
Mar 16
American
%
4
4
20% Jan
May 27
......
Aug
39
Mar
157 Va
13
May 26
Inc.
1
55%
2
73% Jan
700
*l8Var
■
37%
•
Jan
300
*4%
~
36%
%
37%.
3%;
5
-4 13
33
1
10%
19-
*18%
•
J:..'.'
Apr
f
*%'
*4%
4
.
xl22%
6
*%
19
*18%
10
16
*99 %
10
10
%
%
*4%
1-9%
%
36
37
36%
10%
*
4%
*18%
-
-
10%
f
130% Feb
5%
*
*99 y8: ioiya,>:
101%
%
..
5
*4%
*18%
*99%
99
Dec
13
'
98%
26%
Apr
5*-^
Co of
Coal
15
'
15 %
<■
16
16
16%
•
6
*5%
••
•
16%
'
Jan
Apr
preferred..
Chicle
American
-
8%
—_
Cable
<fe
conv
Dec
20
Fdy^_
Preferred
Am
800
>•■
88
*86%
17
:
17%
108
47%
3%
Apr
-
&
9%
Dee
14
33
Mar 12
Car
Apr
41%
5% Jan
-
.
28
tPreferred
...
American
1,500
5%
6
Corp_
Radio
Cable k
American; Can-»
.190
61
17%
Amer
..
1,400
243/a
*106
88
*14%
13,500
2%.
8
Feb
47
Apr
Fdy__:__.
preferred
conv
7% Jan
2
14
Mar 11
Corp_»^.„,
Brake: Shoe Si
5y4%
20
66%
61
17%
108 %V,
*86%
18
*14%
"
■
t
88
/
127
Bosch
'•
*6
•
*5 T'u
*15%
■
*86%
89
Am
24%
62
17%
*106
900
167%. 168%,
24%
*61%
17%
108
*106
25%
2
168
24%
61%
61%
*17%
17%
108
*86%
25
American
66%
67%
168
167%
24%
62
17%
*106
87
'•'86,/a
.
62
Va
17%
108
106
167
f->
25%
100
126%
Jan
Note
preferred
4%
2%
,
66%
6%
Apr
Bank
American
60
44
25%
'
127
2
''
68
,
*4%,
26
*126%
2%
v
67%
67%
24%
62
*61%
,
*
2
169
*167%
25
*167
127
2
'
"26
27
*126%
127
1%
67
67
..'*66%
.
•126 Va
2
-
26%
*7
*42%
4%
*4%
4%
*4%
4%
26
*25
127
1%
.
.
V
7%
44
*42%
44
*42%
43%.
*7..
7%
x7%
7%
7%
7%
7%
10%
Dec
20%
50
Aug
57
19%
Dec
34% July
51%
Dec
89%
Jan
Dec
131%
Jan
115
Jan
May
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
Volume 156
Tuesday
Wednesday
-Sept. 7
Sept. 8
/ Sept. 9
f per share
t per sr.are
Sept. 5
t per share
*16
'9
*11%
12'A
*11'A
12%
*11'A
*9%
11%
12
*9
*56
68
21'/a
90
/•!'
A J.\/n
•
21
25%
.
20
'
V
8 Va
18 %
■/
8 Va
18'A
A'1 ♦• 7.
'!
; ;
v
*28%
35
r
20%
21
21
21
25%
241%
25%
"
1%
*1%
1%
*29
•;> 17%
*28%
35.'/*
*34
*28 ^8
35
;
30
*33
30
18%
;
35
t
Year 1941
per share
t per share
15
21
Dec
31% Aug
19% Jan
28
15%
7% Jan
14
14% Jan
8
24
Highest
t per share
11'A Jun
2
3
Dec
23%
Sep
5
Deo
10'A
Jan
3
13
Deo
18%
Jan
12
Jan
2
10
Deo
17
Oct
58
July 15
70
Apr
7
70
Dec
90
Mar
13 Vt
May 20
21 Vb Jan
6
12%
Apr
24%
Sep
25
May
35
Sep
10
25%
Oct
33
Jan
May 29
9 5'/a Feb
par
■
*33
35
Brass
100
Apr
Inc_
Co
par
72
1 -No
par
30
30% Apr
(The)
_5
Roller
Bearing Co
111%
Jan
Apr
'54
Jan
17
Deo
23% July
21% Aug 13
18y4
Dec
21%
26-
16
Apr
21
25
w-15
.-2-
No
Sep
Sep
Feb
Mar 10
30% Jan
18% Feb
9
3 'A
July
28
Deo
39%
Jan
16%
5-
Deo
17lA
Dec
9'A Jan
6
6%
Dec
12%
Jan
2
19'A July
9
14%
Deo
25%
Jan
26
2
29% Feb
25
23%
Deo
41
38
Apr
45%
Oct
Dec
2%
Aug
1
Dec
6%
Jan
Sep
par
No
.
9
May 22
7% Jun 29
par
No
Aug 24
2% Feb
15'A Jan
y
par
par
Co
-
15
X
-No par
Briggs & Stratton
28
1V* Jun 25
5
'
Manufacturing——No
Bristol-Myers
Deo
38
7
100
Brlggs
•
89
5
17'A Jan
18% Mar 31
.A
18
40% Jan
19% Jan
,__15
Corp__
2
13 Ys May 20
1
Brewing Corp. of America
Bridgeport Brass Co
'
-
No
2,500
■/'/'
V
5
;
A
B
Bower
*
5
2,100
/
30
&
Stores
Borg-Warner
300
7,
_100
Boston & Maine RR
•
■
18%;
*28%
•
.
'
preferred
class
Borden
>
r',
8'/8 :
8Va
8'A \/
18%
Range for Previoa*
Lowest
14% Apr 29
5'/a May 29
5
—.
1
Lots
Jun
par
Co—
Co
Class
Bond
2,900
-7
■
20
*17%
17%
8 1/4
18'A
•'/'/ 1,900
29
29
30
Bon Ami
600
•
Co
Airplane
Aluminum
Bohn
60
'
.
-—No
Laughlin Inc
Boeing
900
'
15'A J
25%
100-Share
Highest
18% Apr
No par
Mfg Co
Co.u
Blumenthal &
;
15'A
8 Va
30
*34 7
34%
■
15%
18%*
v,;•_;v'. ;f
,:;■//
*34
7
15 V2
20
8
18%
18'/a
♦28%
34%
/
*
*i%
*17%
'
90
29%
8
8
18'A
30
*34
19%
7:
,
?:.'
33%
2
of
1 per share
No par
Bloomingdale Brothers—____No
^
•
4,100
*85
25%
*1%
;
i
16
*33 'A
••
Bliss &
:
'
:
Decker
&
Blaw-Knox
v.
Basis
Lowest
'
68
90
-
*28 Va
28%
*17%
.
'
—•
21
25%
;:>•
.
28%
•
:
20 Va
35
Black
1,500
11%
'7 15%'
*34
15%
,;//
2
33%
-
On
Bigelow-Sanf Carp Inc—
—
*85
7
34%
26 ■?■•'
*1%
7
90
X15%
;
/
12
*9
16%
Range Since January
STOCK
Par
;
-
■
5'A L
*56
68
16
34%
15%
;
2
33
34%
15%
/
..28
*17%
»;
34%
'
2
28
33
♦85
33
20%
A';-
.
16%
YORK
EXCHANGE
200
'
*56
16'A
16%
*85
•
•
-
12
68
*32'A
r :
*1%
17
12'A
—
*25'A (25%
■
*16
5 Mb
*9
15%
20%
17
5%
••
34%
-
*16
5'/a
IT
NEW
Shares
23%
5'A
90
15%
*23
5 Va
16
32'A
*34 %
23%
*15%
*56
16'A
32'A
*23
5%
68
*86
2 3'A
for
the Week
1 per share
$ per share
17 V*
-12
16 >A
Sept. 11
.
*11%
12'A
*56
Friday
10
Sept
5'A
v'
5%
*11%
2 3'A
*16
17%
*5 Va
23%
Sales
Thursday
S per share
*23'A
23'A
23'A
STOCKS
SALE PRICES
HIGH
AND
LOW
!
Monday
Saturday
923
-.5
Jan
30
-
43
Apr 21-
Jan
-
3-
.
Jan
'
n
Mi
'
„
ii
52
ii
J3
:
*ii
ii
*ii
ii
Brooklyn & Queens Tr
Bklyn-Manh Transit
Brooklyn Union Gas
•
*1
1 VB /'v.
*7%
8%
*28%
29%
*1
..
12%
12%
*6%
'
X;'b+~
'
;•
6%
;
■
6%
108'/2
*2'A
'
'
mm'
2%
*51
•;
•'
'
"
MM
53
_
/<i;
—
18
*24%
*17%
*55'/a
*2%
mrnlmt
22
\
4%
*20%
4%
\
21
;
3:
2%
*6%
v
>
mm
mm'
7,
iy
*75
•
13%
18Va
•'•'
:
6
•24%
■
//:;• 8
•••-•-••
*37
•J-
22%
4%
20%
a
3
iVe
7
76
♦13
♦75
18
:>[■
'
*50%
7
%;.••
%
4% a:: ,'7v
7 Va
75
:
*73
■
Bulova
1,400
■
Bush
13Va
'.//
54
20
112'/a Jan
27
3% Jan
3
66
7VaFeb
109
Jun
51
14
26
Jan
7
23 V,
147/a May
1
19% Jan
3
15%
55% Jan
10
2 Va Jan
42
■;
8% July 113V2 Feb
6
2
42
Aug 17
18
1%
6'A Feb
15
5
6
2 Ve Apr
17
3% Jan
14
8
8% Jan
14
par
10
10
Jan
9% July
4'A
'
A
'
X
":
_
Sep
6% July
Dec
23
Deo
Aug
2%
Dec
4%
6
V
Sep
A*
25
Deo
11%
Jan
Jan
13
76%
Feb
100
July
9
7%
Apr
12
Jan
13%
Deo
24%
Sep
61
Mar
64 V,
Nov
Dec
l'/a
Jan
15'/a July
Jan
18
21 '/a July 21
95
Dec
Deo
Deo
4%
4
71% July 24
Sep
20% July
66% Nov
— mmrnt
14
6'A Mar
35%
Deo
5%
..
Jan
Deo
•
4% Sep
,
<
•
•
34'A
,
May
Aug 17
24'A Feb
2
Jan
U—
49
Jan
July
8% July
15% Mar 30
19% Feb
v
76
Deo
1
Jan
5%
Feb
19% May
Sep
Jan
118
Deo
2%
6
100
No
*
Feb
Apr 17
;V6% Jan
2
5
California
par
16% Jan
2
19% Jan
26
50
Packing-:
preferred
5%
12%
2
No par
No
Callahan
Deo
Deo
50% Apr
l/2 Jun
14
51% Aug
13
2
1% Jan
14
7 Va Jan
14
4%
Deo
7'A
Jan
15 '/a Apr
6
5
9%
Nov
14%
Jan
10%
Jun
17%
Sep
Aug 29
26%
Dec
40
Jan
Deo
5'A Aug
39% Apr
"
300
7 Va
5%
30
-
1,200 -
9
53
__10
Zinc
87/a Jan
18 %
v
100
preferred—
conv
23% Mar
5
•
par
preferred
37
Dec
Jan
100
Participating preferredByron Jackson Co
7
,
1%
14%
Jan
11%
8
»—1
-
Copper &
Byers Co (A M)
500
17%
*50 'A
/■
ft'/".
.
No
Dec
30
16
23
>:
par
——
Butte
1,500
,
5%
-
1,600
*
preferred
Bush Term Bldg
Butler Bros____
200
•
5y
Terminal
6%
•
5% Sep
1 l'A Sep
Burlington Mills Corp
1
Conv pref $2.75 ser—„_No par
Burroughs Add Mach
No par
i
Watch.'
7
16
16'A May 27
1
No
——
7
Jan
Jan
9% Feb
10
par
Co
:
400
76%
..
17%
17% .V.
54
i'B
■
7
13 VB
13%
*50 %
%
'•* *
No
Forge
50
3Va
6%
Wheel
5
14
2% Apr 24
47 '/a Jun
%
13
35
103'A Mar 12
100
Co
200
•...
/
21'A
./-I' *3
//.
preferred
Buffalo
4%; /■//' 1,100
4%
*20 Va
■
3
17%
-v
54
%°a
20%
13%
13%-".
18
18
18
54
*50%
';•;
:s;':ff.
22
*6%
75
:
•
x
No par
600
2%;'
:./•
*21'/a
100
Mfg
Bullard
42
-.3/'/
-
-3.
> *
2 %
'
*37 %
4%
20%
-
55
21%
4%.
.77'/a7
7;
preferred
(E G)
Apr 23
1
97/a Apr 17
6'A Aug 21
5
700
7 7'
7%
-
2%
Co_
1 'A Jan
28'A July
'
par
100.
17%
42
21%
76
•; *13'A
8
,.U
2%
*37%
3
6%
13%
R'-.fe/- k Sy 8
20%
:■
7/ 3
7/
55%
Budd
7 200
•
25
17%
■
7 %
:-V
54%
55 VB
22% V
*21%
•■i
-7*24%
/
7%
Budd
2,300
/
/;
12%
18%
.17%
43
/■
6
*11%
m 17%
2Va
"-
40
900
210
-
2'A
*18
25
Bucyrus-Erie
No
Apr 29
7
—No par
% Jan
1
y
—No par
Shoe Co
Bruns-Balke-Collender
900
51
6
Brown
.-
200
77
18%
*24%
56%
2%
Ht:
6'/a
200
•
12% 7.
*11%
.7
;?/ *17%
25
*55 VB
2%
7
V-
7.;
■
%
18'/a
7%;
50
52%
6 Va
6 Va
11%
18
:
-
4%
'■'/■■■
—mm
:7(: '.
w-
54
*!/„.
106 V2
,2'A
20%
i/;/
■'••'■V mm mm'
,'•/
—V;
18'/a
*50 >/4
106'A
2%
11%
'
•
V
106%
*2'/4
*51
'77
17% .17%
*75
•':
106%
2'A
53
4%
mrnrnmt
/i,
76% 7/
*13%
108%
2'/4
♦51
*20'%
-emmrn
m.m*
..
43
.*37
*21%
'-V/'.'V
mm mm-
:
7
6%
•
8Va :
*2Va
*'VV
mmj'
•
';'mmmm'
■
6'/a
56% 'V
8
■
43
*20%
6%
■18
•
*55 Va
!•
6%
25 Va
J;.
2%
*37
18
18
"8'/a
*8
,
/
6%
57/a
%
56%/; :;
.
12%')'?
12%
'Jr-
■:.Mr
-mm
18
25%
17%
■.
T.vV;
v
t)
29%
*11%
*106'A
;2'A
*11 Va
ft ii:1'
2 5 Vb
:
7%
*28%
12%
53%
"5%
12%
*17%
8%
29%
*12'A
-.
-
jr.*'•
6
*11%
*7%
*28%
12%
*6%
108 Va
2'A
■
*51
.vr
*5%
V
'
mm mm
8%
29%
6%
*106
'
*106
1 Va
*7%
.7
12'A
'
*1
1 Va
*28%
29%
12'A
-
-w.'
»1
:1V«
*12
8
8
*28%
? v
*1
V/B
/;
-fo Apr 16
Zinc-Lead
1
11
1
'
6%
6'/a
14*,8
vVi-'
'•■'6:
6
6
6
'/rrkMv
15
6 Vb
v./'/ 6%
6'/»
6'A /:-m
Calumet &
1,400
Hecla Cons Cop
5% Jun
1
11% Jan
2
5
•
*14%
15'/a
14%
,/ 11%
11 Va
XI1%
11%
31%
31%
*29 '/a
31%
4'A
4%
//
15
*14%
14% .//:
*14%
400
Campbell W & C Fdy:
■
No
par
'
'
11%
*31%
•
11%
•'
——►
/•;'
,;7.7v
34 Z
4%
438 /
'''•;■/•"
"7-
4%
11%
*29
.
4%
4%
■
32%
*31'/a
'•
■'';-7-:;' f: *31%
2%
*34'/a
*83 'A
83%
*23'/2
23%
"2 '/a
—mm
*120'A
■mrnm
23%
23%
*2%
*65Va
69%
*120%
125
*118%
20'%
Mills—
No
_100
300 '
Carpenter
"
Carriers & General Corp
Case
(J
Steel
Co
Preferred
•/-
•
\
•
:
•
»
v.
35
34%
35
34%
34%-
1,300
Caterpillar Tractor
Z
20%
20%
20%
20%
1,600
Celanese Corp of Amer
1-
90%
90%
90%
90%
100
5%
series
....
118%
10
7 %
*89%
89%
*89%
89%
89%
89%
100
7%
2d
,6%
6%
6%
6%
6'/8
6Va
6 Vb
6 Va
1,100
69%
*68
70
16%
16%
*16%
16%
16%
1%
1%
1%
*1%
1%
1%
*
*68
*68
79'-
:•
•*16%.
16%.
A
69
16%
:
20
'
28
79
Dec
62 Va May
27% Jan
7
22
Apr
30V»
Jan
Deo
3%
Jan
Feb
87%
117
2
Jan
16
123
110
77
112
Mar
Sep
125
Jan
3
36
Deo
3
18%
Dec
Jan
21 'A Jan
Jan
60% July
29% July
12
Apr 29
120% Jan
22
17
94'/a Jan
14
8 % Jan
3
71% Jan
3
Apr
93
23
6 Va Aug 12
par
No par
Apr 24
'
66
•
Feb
16
100
Agulrre Assoc
42
Apr 24
Apr
No
2%
43
July
Jan
v.-
100
Corp—l
X
9
July 31
72
15
-
19
Jan
17
100
preferred
3
May 18
30
preferred
/ Central
y. 500
"
5%
41
Jan
82
prior preferred
89%
Celotex
Deo
14
89
No par
100
preferred
3% July
32
No par
prior
Deo
5
54% Apr
100
Deo
1%
Feb
Apr
2 V4
1
100
32%
2% July 20
37
22% July
5
Co
I)
90%
69
16
3
Apr 20
77
125
♦118
37 '/a Feb
1% Feb 10
,
32
20%
118%
14
29% May 16
1
34%
*118
4% Jan
__10
90%
118%
2
$3 preferred A
Carolina Clinch Si Ohio Ry
20%
*118
3% Jan
par
Capital Admin class A
2 0 'A
118
118
6%
16%
Cannon
<
■
90%
:
33
16
700
2%
12 Va Jan
;
Apr
200
'
68
*120
,
29
100
25
34%
34%
70 Z
;
125
Ry
Pacific
9Va Apr 25
>
140
23% '
*65
Canadian
¥:
16%
*68
25
Apr 27
23% Jan
——
116% Mar
—
65
X
«••#
'
Deo
—
15%
Deo
10%
Jun
Deo
5%
27
122%
—
75
Sep
Jun
22% Mar
'>'* :.-V:
•
■
*i%
:
3
85,
j-.
32
./
31%
16%
*15
25 i
%
*15%.
16
-
*95
96
mm mm■
;
32%f'32%
*96
'
i
98
t:
,
*1%
1%
6%
-
smmrn
6%
2
13%
,
-mmmm-
mmmm
*15%
95
2
mmmm
•MM
6%
-fx a
***•'■
'
'
V
♦96
/,■//.■,;;
2%
13%,
*5%
6
15%
7
*15
<"7
6%
*6%
6%
?.■
7
13:
5%
/
6
32% 7 77 32%
'
2%
13
2%
:
•
13%
Century Ribbon Mills
10;
Preferred
11
//
70
27
Jan
2
5,300
Chesapeake & Ohio Ry-
7,300
Chic & East 111 RR Co_.
Oct
_
2VaJan
23
Aug
Dec
4
4
July
1
67
v
Deo
Apr
Dec
34% July
5% Jan
Apr
37 V,
Jan
13
<
1%
22%
5
Oct
21'A
Jan
27
Jun
2
19
Jan
6
17
Feb
10
14%
Deo
22%
100
Jan
14
95%
Deo
107%
8 Vt July 10
5%
Deo
18
Jan
31%
Deb
44 V.
Jan
63
Deo
102%
Feb
63
Apr 27
5'/a Apr
22
27% Apr 24
25
V 36% Jan 27 Z
Apr
8
08
Feb
7.
% Apr
16
2
Sep
8
89
100
Preferred series A
Deo
11
Mar 3a
Jan
4%
17
Jan
_5
-
2
77
29
29
14% Jun 28
No par
100
Mfg
Feb
Jan
115%
2
18
—No par
preferred
Deo
4%
3V» July
Deo
1
23 Vi Jan
^.100
1
108 Ve
32% Aug 25
■
.
1% Apr 28
1
2
95
6
—_No par
Deo /.
7
3'A Feb
14
July
Products
Cab
2'A Apr
1%
Jan
18
29
82
Pap & Fib Co_
6%
Checker
Jun
17 Z
3% Feb
110
2
100
—
6% prior preferred
Chain Belt Co
1% Jan
—No par
i
Cerro de Pasco. Copper
,
<
.
Sep
Oct
.
"
r
6,700,
L
t
( Certain-teed
21,900
1
13,000
Class
No
par
40
;
j
5%
Mail
Order
5
1% Jun
2
50
preferred—
Chicago
2% Jun
50
A
Chicago Great .West RR Co
700
5%
5%
5%
7
6%r
6%
7 .-."v:/
2%
•
13%/
300
Co
2'A Feb
Mar 10
90
1
100
<
2'A
-7./'
2'A
Central Violeta Sugar
■
r
6%
4'/a%
400
Cham
16'/a
Lt
.—100
<
96
*95
111
tCent RR of New Jersey
410
V/b
13Va
5%
/
>.
Central
;
,1% May 27
___1
preferred—100
Co
600
600
2 > A
32% t
*96
977/s /i/ 97 :' v/
1% z
....■7 1%
z. 1%
*96%
1%
13
.
*14%
•■
Foundry
2.000
25%
*6%
32%
-
32%
■
*1%
25 y*
95
33%
;
1%
16%
*15%
,
98
2Va
•
;
..
95
6% ■{4 7
2%
i3Vs
.
6%
,f
1%
.7
a/r'b'
'a'-'ra;
—1
6%
/: 32%
i
98
*96
16%
95
32
>
;
95
-
24%
•
'•'/ *15 i/ 16%/;
16%
2% ?
*85%
Central
70
98
*2%
'
32
1%
24%
16%
33%
2% '•
'
800 ;
;;'z»2.% f/z'vA
12%' 12%
'
95
32
1%
24%
♦15
1%
i
32%
•
13
*2%
1%
.
013 A'A
*85%
:
.
97 V4
98%
...
24%
•7%
^
ib
*32
2
32%
,
f
2%
95
96
v'1'-
*12%
*85
25%
*6-%
6%
*5%
r0:'- a'.
mmmm*'/.'a-/'
2%
Ye
13
*15%
i/'V; J'
mmmm'
■
12%
2%
V,
16%
♦IS
'
1
7%
*6%
7
3
1%'
1% '
1%
*98
12%
31%
*1%
-//-1% / 1%
25'/a
25%
//
2%
95
*85
32
V
13
*2%
2%
85
'•
98
3%
3>;v
13
13%
*13
*2%
\'99/:y
.C:3"n'
98
*97:
98
*2%
*97,
;
v//
/
Ry Co_
*89%
118%
*88% -89%
>/
125
2%
—5
'
100
*2%
2Va
70
*90%
:
*221/2
7
2%
33%
*6%
23%
69%
90%
1
23Va
7
Dry Ginger Ale
Canada Southern
-
2,200 '
83%
83Va
83%
10
35
'•
83%
2 Va
♦120%
''mmmm./
*32'A
Canada
200:
2'A
4Z
.
77
68'A
•20%
*■
35
2%
,
20 V,
90%
.
"2
2 ', 8
35
68'A
■".mmmm
'/
125
*118
-
r
83%
23%
2 Vb
7
'
■
83%
:'fe 33%
;
7"f:
2
"mm—
*23%
''mmmm.'".-
4'A
32% 7. 7 *32%
*32
32%
2
*35
.-
7.
83%
", /•"'
;-V''
69
35
32
■
/■:-
2Va
>%
83%
■
mrn mm
2%
69
--■''imim'4.
/?:''■
/
*2
/■■■'■ 35
%/).V —mmZ'?V';.;
~mm-
35
■X
*31%
32%
=
•'
*2
'
1,400
X/y/i
4% /:/:;
32%.;/,'/
'*29
4%
-
11%
11%
11%//'
32 & /; /
8% Jun
2
4Va Jan
5
Co
/
6 Va Aug
11
1% July
Deo
1% Mar
7
Sep
8
2% Jan 26
13% Sep
23
A
6Va
1A Mar
3%
„
3
Oct
July
11'A Nov
Mar
3%
Deo
8 Va
Feb
,
19'A July
37%
Apr
/
44 Va
49
25
8'A
Apr
Jan
**/&.,-T-'i« *'y~•••?.•
13%
13%
.
*34
13%
/7'C,'
7/ *34'
49>/a
; ♦A
/
••
'
*10%
Iff
ft
13%
*
1%
♦49
49%
49 %
-14%
•
f49
%
ft
;
1 Va
*13
it
*nlff
13 y*
IV*
u%
%'••■• -13%
ny8.
21%
*20
60
61%
61
10%
.,*10'A
,
v
21%.
*20.'
.v*
zz
11
11%
.,
"I
ii
iy«
*20
21%
/
2,100
Chicago Pneumat Tool—.
$3
100
pf
•
r
13%;
lVat
2,100
7%
Isl
cum
100
100
400
Chlckasba
Childs
•
*10%
10 Vb
10 V»
*97
99
*97
99
*32'A
42
*32%
42
*97.
61%
60
Chile
r
33%
33
*
75
*—
109 %
99
*32%
42
City Investing Co
t,
6
Jan
13
25
May 28
:
2
Jan
63% July
*2%
2%
600
City Stores
*34%
35 V*
800
Clark
75
*
75
109%
~80
*109%
«
75
110%
81
*79%
59
*48
109%
82,
50
*25%
38%
Apr 14
2% Mar 9
CCC&St Louis Ry Co 5% pfd —100
Clev El Ilium $4.50 pfd
No par
*—
38%
*25
98
....*79%-
81
*48
Clev Graph Bronze Co
98
v
*79%
81
48 - '•> 48
>•
'
39
•
-
"30
t
98 '
49%
38% i; 39
39
26%
*25
26%
-98-
■
*109% 110%
109%
26%
98
A
>
No
V;
»
',
•••
5 V»
preferred
L100
Clev Si Pitts RR Co 7%
50
gtd—_L-50
gtd 4% stock—
Molybdenum—
,„No
Special
39'/a t
1,800
Climax
31%--
1,400
Cluett Peabody
Preferred
i
28
par
50
Jun
•:
,;31%
148
i
76
*59%
76
61
31
31%
*142%
148
75ya
76
*59 %
*14%
*102%
14'A
*103%
14%
105
14%
113
14%
*100
14%
*103%
32
♦142%
148
76
-
61
*560
.*560
*31%
"
*60
*560
14%
105
14%
♦101
14%
113
14%
•103%
'13%
14%
*13%
14%
*13%
V/b
V/b
1 Va
1 Va
1 Va
*2 Va
2%
2%-
2%
1%
V/b
*1%
1%
12 y4
12%
*11%
12%
*ii%
12
For footnotes see page 931.
*11%
12
*2%
•
•
x75
76
61
*59%
1-.
*101%
14 Vb
14%
105
*59%
61
*560
''/a
;
11%
*101
14
14 y2
103%
*103y2
13%
l'A
2%
1%
>
14%
14%
104
13%
*2%
2%
l7/a
11%
11%
*11%
31%
75
•
1%
1%
1
75-
»
*142y2
*-
103%
14'A.
12
11%
14%
14%
1%
148
*560
104
11%
X3iy» i 31%
*142%
11%
14
148
'
75
<
61 '
—
14%
104
f
par
3,600
•:
14»A
1,600
ll'/a
Collins & Aikman
Colo Fuel & Iron Corp
380
Colorado
1%
12
11%
y
-
260
360
700
600
5%
conv
&
par
No- par
No par
22
\
47
May
2
Sep
Sep
20
Deo
,27
Jan
41%
Deo
Dec
Aug
B
Dec
Jan
22
56% Mar 24
55 Va Jan
470
1
97'A Apr 25
10% May
4%
Sep
Dec
40 Va Aug
70%
Oct
85
Dec
115
84'A Mar 10
Jan
150
44
,
23
Jan
5
109%
24
Oct
68
'
81
May
Deo
33%
105
84%
48% NOV
50
27
Feb
44%
28%
Feb
39%
Jan /'
Aug
Jan
Sep
Oct
Mar
Deo
Sep
36% Jan
3
143% Jun
2
142
Dec
148
Sep
80'/a July 10
78
Deo
108
Jan
'
63% Jan
9
6(1
Mar
Feb
25
740
July
470
15% Aug 15
10%
Deo
22
100%
Feb
105 Va Jan
15% July 17
1
11
Dec
63%
740
16'A
106
30%
Nov
July
Sep
Nov
Jan
2
105%
Deo
114
13% May 21
18 Va Jan
28
12%
Deo
20
18
1 % Jan
30
%
Deo
1%
Jan
Deo
3%
Aug
100
M?y
% Apr
105
•
Jan
2% Jan
31
4%
1st preferred.
4%
2d preferred
100
Feb
2.50
8% Apr
17
13% Jan
8
2.50
8% Apr 24
13% Jan
1
2
Columb Br'd Sys Inc cl A
Class B
100
Feb
Aug
46'A Feb
29 V,
5
7
66
10%
104 Va
Jan
6
3
28
Feb 25
Deo
72%
8
Jan
1
May 19
Vb July 10
2
8
<
Aug
8
Jan
11% Mar 13
100
;
14%
3
40
29
25% Apr 24
139
par
—No par
r
9%
Deo
62
112
32'A Apr 28
par
—No par
Southern
Jan
1
3
100% July 27-
77% May 14
No
preferred
Feb
Jan
»A
Jun
72
May 11,
95% May 15
-No
—
200
2>A
No
Colgate-Palmoltve-Ptet
$4.25 preferred
100
2 y4
*18/«
(The>_—
14
1%
*11%
Co
No par
Class A
i_—„•._,_
Coca-Cola Intern Corp—
t
■
Coca-Cola
10%
Feb
%
V.
Mar 10
3
•
ilOO
113
1%
■
900
CoJ.
_
8 V, May
Apr 14
-
'
♦31
*142%
.
Jan
July
ft
34% Jan
25
67% Apr 17
107'A Jun 15
1
(The)
ft Dec /
ft July
,
64
Deo
Aug 18
99
34
34 >
5
Equipment
9
10% Aug
3
9
,
-92/ May 12
100
A
2%
*79%
t
8
27
2rAFeb
20
100
:
11% Jun
13% Feb
43% Jan
—No. par
l
preferred—
34%
81
38%
6 % %
2
3
A
>
*2%
*79%
*48
■
,—5
34%
;*97%
;
i;
:
34 V*
26%
50
'■
:
}2%
98
38%
r
3.
IVb Jan
—25
—
i
Chrysler
,
29
% Feb
8% Jan
par
•
Corp—
City Ice Si Fuel:
% Jan
52
.
11% Jun 26
par
u_10
34
*25%
38%
,
No
;
—No
Copper Co
2
Vb Mar 23
V4 Jan
'2%
*97%
*48
300
10%
99
42
io v*
10%
*97
"98
26%
7,600
*97
*10'A
*32%A 42
'2%
34
75
109%
109 %
"
*32 y4
10%
99"
*97%
*25%
■/
59%
•58%
r,
5.
16
100
Oil
21
J»n
2
100
A
39?A Jan
.
3" /
% Jan
'ai Jan.
•
v
*
*2%
2%
*2%
33
61
Apr 28.
17% Jan
July 16
:
Cotton
Co
Jv. ' ■
60
33
47
100
preferred
Chicago Yellow Cab
'
1
60
par
6%
preferred
!
Aug 11 '
Na par
1—No
div
Pacific.:
&
12
No par
preferred-,
($2.50)
Chic Rock
211/2
,
conv
Pr
j
300
3,100,
lh<
11
*13
-
I1/*
f
%-..
V*
% xy %
13%
*13 VB
l'/a
%
z
*11
i%
*
%
'It
%
49 %
49 %
49 '/a.
\).
•.!../«
*20
21%
*20
*34%
14% r
;;i4Va: 14 %./"•:■ .<7/14
.351/4 ./
*35/7 35% .>7 *34 % f 35%'
14%
ii%
♦ii-
13%
•1%
7);
*%,
11%
*13,
14
/ 35%
♦48%
%
ft
ft
:--
*%
*%
:
'
35%
*48%
"i
%
11
11
Deo
2%
Mar
Jan
Sep
Deo
21%
Jan
Dee
21
Jan
11
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW
•
Saturday
1
Sept. 9
I per snare
$ per share
>
*32%
32%
•32%
*69
7%
•
73
*7%
231
23%
/
31
t
*98%
"wi8% •'
9
9
9
"
"('a*:
A
A
)8%
18%
<^♦2%
2%
'«*) 6
18%
'
'v
,
\
tr,
-•
*2%
-
2%
16
16%
17%
*10%
.
10%
V
.
10%
83
90 %.
*80%
*85
91,,
J,.
>
r"
'4%
i,'..
f
4%
13%:
*84 y2
•
•*%'
■«'
__
■
2%
'
6%
5%
-t
/
*
•
1
7%
,
10%'
4%
36"
■
16%
*10%
10%
*81;
90
*85
4%
*4 %
13%
:./• ;-y
'
-
*
10%
83
•
■
'
'
.
I
90
30
,
"4%
2,400
13
5,100
86Va
4
86%;
i \
•
10L
Jun
28% Sep
8
y8;
prior
6%%
32
100
Va
'%• ;■
;-7 % v •
-
Corp___
Y
•
Edison
of
N
7
13
.2%
;
24%
»7
.
"
5
7%
*4%
>■;
*7
:
*2
•■(/%
■-
"7%
35
89%
X88 VA
12%
12%
*12%
*34VA.
'V.
35% : *•
:S9 v v
12%
*
*33 %
.
*88
2%—
2Va '
"
95%
"
v
'97
95%;
2%
.97.;;,/
*96.
.
Consolidation
100
RR
5%
Cubp 0%
Coal
Apr
14
Jan
2% .Tan
"6% Sep
100.
pfd
8% Jan
13
.'*•
4Vb Jan
8 Vb
7
May
Container Corp
11% July
6
2 % Apr 29
•'
77.
23
Continental Bak Co—„—
400/
8%
•;
preferred
_No par
-100
——
.
...
Sep
30'/», Jan
4
Jan
18% Aug
',7 23% Dec
Dec
157/.
Jan
97%
Dec
Jan
103
May
Jan
Dec
Dec
23%
Jan
Deo
107%
Jan
%
8% July
;
Dec
.7
7
Deo
v
Dec
/
l%JuJy
Dec
1%
5
%
11
July
i 3%; Jan
'"
Feb
2%
6% May
Feb
.
3
36
Aug 17
96% Jan 15
Jan
82
1,200
:
'
22
of America-
i
/
e% Nov
•
•'
noo
preferred—-r
conv
Jan
11%
8
3% July 30.
,
25
»
x82
30
9
'
4%
"
8
3
4% May 13
.
I
7
2
7
par
Co__
iV Jan
9%
77
4
'
II
'
Dec
90
,
16
% Jun
tConsumers Pow $4.50 pfd— _No par
•:
600
98
.
'>
90.
12%
"
of
Consol
14
Feb
Jan
9
,
5
.No
Corp__:
7% Jan
14
94
Apr
1 % Jan
.'
18%
3
'
,65% July
Nov
Dec
Jan
,: 11% July
Dec
2%
,
24
Sep 11
11% Apr 25 7
Dec
13 %
v
28
Feb
97% Feb
78
•
_No par
Corp—
Oil
300
.2%
*12%
2%
35% •;
Laundries
Consolidated
600
..
,
89
"
Consol
•
—1
Industries—
$2 partic preferred
;
32,100
-
so
2%
.
.5%
>7%
•
7Vs
1,."
'
2%
6r%
*4%
_r5
7%'
500;
7%
L
'*'s
6%
Film
Consol
200'-
••j
.
•
2%
~
6%
•
35
I:
95%
23%
•>,
2%' ■■■'; *2
6%
*4%.
.
•/::•%'/
;
11% Feb
89
Apr 20
■V 4
par
20
0
21% Mar 25
9% Aug 15
-No par
:
7
May 20
83
—5
.No
$5 preferred-
Dec
7%
Oct
37% Jan
110
Dec
39%
3% Jan
;74% Aug 19;
,
preferred-,-;— -—100
Consol
%
6
Aug
Mar
104%
V
Dec
8
Oct
28%
31
Dec
10
16% Jan
22
'
Dec
19%
U Jan
23% Jan
15
96
100
9% Jan
26
17% Apr 29
l-7/a Jun
3
/
Dec
44% Jan
May 12
Jun
7%
i
Apr
iey8
July 15
12% Apr
_No par
;__v-
105;
,21 y« July 31.
par
—1
Consol Coppermines
'
500
7 Va
•,
21'A
Aug 21
Apr
July
83
4% May
»
24
2
:
,
13
-
29
'
.*
Dec
Aug 14
8% Aug 19
9iy8 Apr
;
Consolidated Cigar
1*>o preferred-1-*
100
64
75
2
100% Mar 17;
Co__—25
Ind—-.-No
Consol Aircraft Corp
4,500
'
86%
13%
-6%
12%
2%r
.*03%
23%
fl6%
.
83
«
86 V*
7%;
'
■-
89 Vr
'
'
-
Edison
Congoleum-Nairn
72
>\"20% Jan
Commonwealth
1,000,7
82%; Jan
Nov
par
Conde Nast Fub Inc____—.»«. _No par
>
Dec
42 Va
8
par
Jan
43%
7
% Sep
par
4%
6
24
3,500'
'
•
*85
"7%
12%
:
.
95%
16%
13 VA
V'*2
8
89%
.if :
.
:
867/s
.
-Comm'l Invest Trust
No
$4.25 conv pf ser '35—No
Highest
$ per share
Dec
Jan
31
par
(
54
1
45 % Jan
Mar 16
24
par
2%
1
3
2
Commonwealth & Southern—No
/.-$6 preferred series——No
16 Va
*81
>
91
»
f
■'
•
5%
♦3414
*
12%
23%
"
2%
6%
7%
2%
83
'
*85%
.
.5%
1--
*93 y2.
•18%
1% Jan
8
Commercial Solvents———No
"16%
11" '}
Year 1941
t per share
per share
Jan
4,400
-*2%
;■ i J1;
Range for Previous
Lowest
16 Va Jan
2,000
2%
'
preferred
conv
$
11
5 Va Jan
—10
3,200
1
*.
Sep
Sep
,51
1
Lots
100
d
25%
•
16%
16%
V'
4%%
100-Share
4
31 %
No par
Credit
19
25
19
'
i.
-
*2%
10%
4 VB
13%
.
•
6%
■
90 %
*2%
it.
7%
*2
II-'
36
*12
i
Commereial
5,700
.
,
Sep
par
Pictures-
$2.75 conv preferred—:
'■
ti
•
'
Highest
29'
par
No
>
—
16%
'
■17%
Va'
'
7%
*89 y2
ft
.
.25%'
'
5'A
*34
"
No
Columbia
2,400
27% '
*104% 110
8%
• 9
'
ft
ft
9
„
Columbian Carbon Co—j
"
—
.
1
100
...
200
-
V
100%
27%
preferred-—-
800
;
*
23%
*100
'
27%
110
•&
31
5%
of
$ per share
Par
Columbia Gas & Elec—.—.—No par
6% preferred series A
100
GO
•
Basis
Lowest
'
*%
'
6%
*7% '
85;
:
7%
*2
100%
v
18%
10 VB
:'
13%
84%
;
■
%■
*7%
•
'
2%
"*84%
4 Va
4%
13
—
85
'
23%
■toy*
16 Va
*80%
,
.
1
13 %
23%
8%
,r*
.*
16%
*
83
90%
*81%
*29%
On
,
800
• •
73
'
77A 4
'." *7%
27y2
18%
*16
*72
,
7%
9*/a'
,7,
31 y8
Since January
Range
STOCK
EXCHANGE
8,500
■
-30
30 Va
.
.*104%
26
*2%
v,
16
73%-
-
*98'/a
'
27%.,
18%
'
-
31%
30
1
"
iy8
NEW YORK
Shares
.
'
16%
*10%
18%
'
■.
vy
i 16 Va
7*16%
■
,
1
•
23%
25
.
"
30 Va
100%
''ft
26"
t per share
32
■
•7%
108
•8%
-
A"'
'
*
25
26%
*98
*104ya
Sales for
the Week
32%
'"
*72
*
23 y2
X27V5P
•».
110
32
7%
31
X23%
lVa
*30
73%
7%
28 '/a
♦103
110
1
32%
*72
100%
277/8
27%
27%
I per share
32
"31
■
24%
23%
100%
*98y2
»101V2
'
8
*30 y8
..
31%
32%
Friday
Sept. 11
Sept. 10
1%
*30
32
73%
i;ai,7ye
«*$0%
32%
*30
32
*30%
f>**l 2
1
1%
1
l'/a
-
STOCKS
*
Thursday
Sept. 8
t per share
I per share
-■
PRICES
Wednesday
Sept. 7
Sept. 5
P
HIGH SALE
AND
Tuesday
Monday
^
Monday, September 14, 1942
21
2
13% Jan
28
Dec
15
103% Jan
Apr 28
3% Jan
Doc
7% July
Dec
11
3
14
93
..
T
2%
"
30
'.
79
Jan
16% July
5V4 Aug
Dec
Jan
21%
July
106%
Dec
109% Nov
'
*
37%
3% "'
3%
23
■
V
;
.
_
24
6%
37%
3%
j'
I-".
23
6 '/a
31%
6%
*6lA
*37%'
;• V
24
\
*6%
6V4
*37%
37%
3%
3%
22%
■••""
23%
3%"
22%
'
22%
24-
24
'
*',
6 %
*
37%
-
*17
17%
*16%
*9 y2
.—'
.
17
49%
3%
33%
33%
50
50%
50%
176
*175'A
177%
49%
176
2%
2%
*%
%
*46
49%:
33%
*
34%
*34
34%
*2%
50%
%
.
50%
34%
%
11%
11%
12
12
12
12%
*92'A
92 y2
92%
92%
92
92%
15%
15%
15%
15%
15%
15%
12.
■
15%
1,800
Crane
'7-
360
17%
*17%
17%
16%
*17
36
*35%
36
*35%
36
*35%
11
11'
11
11
11
*11
11%
xlO%
10%;
*83%
84%
83%
84%
*83%
86
*83%
86
26%
28%
28%
28%
28%
29%
28
28% '
67 %
68
68
68 y4
67%
68%
68
68%
11
*83%'
84%
26%
' 27%
*67
10
"1
67
.
*9%
10
:
6%
16%
10 "'.7
*9%
10
*6%
; 6%
9%
*6%
•
■
•
•;
9%
*8%
;
:, v
7
Corp
■
v
Crown
700
50
$5
.
7,600
Crucible Steel
:
2,100
...
10
5%
Cuba RR 6%
170
17%
Feb
27%
Nov
15%
Apr
9%
34% Sep
55% Jan
9
17
Apr
177% Sep
3% Jan
17
Jun
3
9
1
5
7%
7%
7%
*93
100
88
*82
88
*80
*93 yB
7%
7 %
■
r
100
*80
100
*80
88
7
7%
*93 Va
100
7%/«
1- ;
'
*80
v
9%
*9%
'
;7, 9%
*19%
21
*19%
*93
•
%
:*%
15
15
%
*17
16%
;i6%
">■ 9%
*9%
9%
9%
9%
.
15 "
21
^19%
21
*19%
*93%
97
*93%
97
5%%
:
M
-
17%
u
3','
'4
n.
\y
111
17%
;*n%
15%
*14%
7%
.17%
'14%
15
7%
21
93%
400
'
'■
'
'*•
%
Cuneo
;
.
%
7%
7%
7%
21%
21%
*21%
*88 %
,
*88" Vt
89
7%
7%
21%
21%
92
17%
17%
14.Va
14%
"7%
*60%
*60'A
*15'A"
*15%
15%
"15%
21%
22
*88>A
92
*; vcs"-'
*80%
vi-
92 "
*60'A
15%
7%
'
21%
*88%
•
7%
14
21%
2,900
"•21%"
•;
40
" !
v' :'
■
,
3%
*3%
!-3-%
••
':iV>
600
Prior
16%
10
17'A
10
*9%
109%
*108
109%
*108
"•
♦16%
16%
10
*9%
*108%
"
.
15 Va
Class
400
17%
-,.<*2%
9%
Dec
*5
88
Dec
10%
Dec
19
4%
Jan
*108
109 y4
17
200
*9%
10
8
July 13
Mar
17
108
•
.
108
•:/
»
8
8
8%
8l/a
22%
21%
22 y2
21%
22
21%
21%
*26%
27%
27 %
27%
27%
27%
27%
27%
27%
27%
io v8
*9%
10%
*9%
io y8
9%
9%
*9y8
10 Va
9
July
19% Feb
5
15
Dec
27%
Jan
8
38%
Dec
45%
Jan
10
Apr 27
11% Jan 20
10
Dec
15%, Jan
77
May 19
15
80
Dec
9
Jun
'36
8%
8%
8%
8%
8%
8%
8%
8%
600
3'A
3%
3%
3%
3%
3Va
3%..
,3y8
3,700
*lA
A
15%
15%
16
16%
*22%.
23%
*22%
*37%-
39
*38
*7%
Va
*18%
85 Va
85%
19
85 Va
-
8
*7%
*19
9
*8lA
16
*8%
8%
*y4
iV
15%
157/a
15%
16%
16
23%
22%
22%
21%
39
39
■
39
7%
19
85%
O
*7%
7%
19%,
19%
*85%
85%
8%
8%
9
.
28
Dec
47%
Jan
73%
Dec
•98%
Jan
13% Jan
26,
3
2
14
13%
Nov
19
;•
19
/
85 y4
8%
v.
*8
6%
100
13%
1,100
Distil
500
5%
8%
100
*20%
21%
11%
61%
62
1,600
114%
115
61%
;,6i%
115
*115%
116%
•115%
116%
115%
15
*14%
26 Va
*2%
127%
26%
3
15%
4%
*3%
4%
*3%
4%
9%
*9%
9%
*9%
-
126
117
117
*26
26%
128
3
128%
*170%
—
*117Va
124%
125
•117
26%
*2%
128
26%
3
117
26%
*2%
128%
*170%
112%
*124%
117%
31%
31%
31%
*31%
32
*11%
12%
-*ny4
12%
*11%
12%
>
90
No
800
4%
Dunhill
*9%
9%
Dunlan
Dresser
Z%
112%
112%
125%
*124%
125%
*116%
117%
26%
26
3
174
126%
*170%
31%
*11%
26%
*2%
127%
12%
Eastern
174
10
1,700
■
.
6%
Eaton
cum
Auto-Lite
Electric
1%
*47%
1%
52
22
44
44%
'109%
*1%
>48
*51
55
54%
'51
1%
i%
Elec & Mus Ind
Am
*1%
1%
1,300
27%
28%
9,300
26%
26%
27%
25%
26%
4,400
31%
x30%
31%
|
1
1
30%
200
500
x21
21
*21
21%
300
El
45
*44
45
*44
45
400
Endicott Johnson
110
50
*50
55
*51
53
>109%
1%
*46
*49
*49%
A
3% Jan
10
2%
17% July 9
11% Jan 19
14%
Dec
18
Sep
6%
Apr
11%
Oct
"/8
110
*109%
1%
52
1%
*46
1%
3,500
49
53
*50
53
52
*50
52
A
*
A
Paso
5%
A
1,000
8
102
4
7>
Aug 12
Mar
•
110
16
Jan
8
Deo
5%
109% July
114
4% Apr
16
8% Jan
July
18% Apr
29
24% Jan
14
15%
Feb
28%
25% May 12
27
9% Apr 25
Corp
7
2% May 21
Jan
A Jan
5
18
Apr 23
33% Apr 27
6% Aug 24
16% Mar
100
70
Jan
7
5
7% July 17
par
16% Apr 23
100
14
30%
Sep
Aug
Dec
18%
Jan
28
0
Dec
27
2%
Feb
% Jan
18% Jan
27
J,
Sep
7
16%
Dec
21
Jan
27
12%
Dec
20%
27% Jan
19
21
Dec
29%
Jan
39% Aug 24
■'
33
Dec
41<
Jan
10%
Jan
9% Feb
*21
12% May
18%
Dec
86
Jan
Feb
13
7
May
18%
Nov
Dec
37%
Oct
May
23%
Jan
9
36% Aug 29
23% Aug 18
32%
13% Jun
x9%
Dec
6
59%
Dec
70% Jan
15% Jan
4% July
28
8
Jan
8
10
112
Feb
26
120
1
Uqv
20
16% Apr
2% Jan
17
2
Service
preferred
Equitable Office Bldg
6
Jan
23%
Jun
9
2%
Dec
20
6
Dec
July 27
J OR
Aug
Jun
144
3
%
Dec
164% Jan
7
120%
Feb
127
Dec
Aug
6
111% July
118
May
27% Jan
3
34
Jan
3% July
9
Mar 28
176
Jan
13
26
May 16
May
1%
Dec
5%
145%
Sep
182%
Jan
Dec
36%
Jan
15
14%
Jan
Jan
21
Feb
17%
28% Sep
13% Jan
4
17%
Dec
33%
Jan
5
10
Dec
17%
Jan
l%Jun
2
%
Aug
1% Jan
-
Sep
%
Jan
% Jan
2
8
%
Dec
4%
Jan
17% Apr
27
35% Jan 23
27%
Feb
39%
Nov
15
Apr
23
32% Jan 23
23%
Feb
36%
Nov
29
Jan
26%
Dec
2
19% Apr 24
32% Mar
Dec
33
Feb
47%
11
107%
Nov
113
Oct
5
2%
Dec
7
Jan
80%
Apr
1
1 % Apr
17
3 % J an
40
Apr 28
34% Aug
21%
39%
111% Apr
49
3
18
Mar 16
26% Feb
16
No par
24
120 V* May
160
Apr
27
27
No par
No par
138
32% Aug 21
39% Apr
107% Feb
No par
Jan
Jan
Jan
170
50
117
118
7
__3
6%
10% July
126%
Jan
No par
Jan
141%
Dec
141
No par
79
Sep
12%
24
-
17% July
ylll%
Apr
-No par
No par
•
3
108
10% July 2
ifo Feb 16
17
Jan
3
No par
100
*11% May 28
20% Jan
2
Sep
65
124% Jan
Apr 24
111% Mar 14
Apr
July
6% Aug
% Aug
23% Apr
3
May 21
120
6%
14
/
85% Sep
2% Apr
,
9
Aug 10
Apr 29
9
13% Mar
95
par
par
Apr
7
Apr
9%
4% Jan
2
Jan.
27
20
10% Jan
■
23
14% Apr
Feb
100
preferred
Jan
11% Feb
29
2
14
par
5
-
Sep
5
par
-20
—2
shares
Natural Gas
Engineers Public
$5 preferred
$9-% preferred
$6
2% Apr
15% Jan
»
—4
$7
21%
i%
20
5
-
preferred
$6 preferred
Elec Storage Battery
52
47% Mar
Deo
-_?<>
Electric Power <fc Light
28%
54%
A
1%
1
55
.
*1%
28
109%
Feb
14%
3
13
*47%
A
For footnotes see page 931.
109 y4
42%
_1
(The)
28%
52
>50
*50
110
21%
*437/a
3
14
32% May
No
Boat
*21
Jun
17% Jan
,51
Manufacturing Co
Electric
21%
56
No par
Edison Bros Stores Inc
12%
1,600
45
Aug
22
8
preferred
1,700
110
90
17
No par
Mills
11%
*21
Dec
Jan
—No par
—No par
(N J)
27%
*44
80
12% Jun
_i
Rolling
11%
110
3
44
__2
1st pfd
Eastman Kodak
27
32
Jan
par
NO par
Eastern Airlines Inc
1,400
1,000
11%
24%
29%
par
100
No
27%
*31%
Dec
July
;jt -20
(E I) & Co
11%
24%
Sep
24
90
-No par
No par
—
Duquesne Light 5%
3
127%
3i%
31
*11%
60
27
31%
Feb
10%
19
100
pfd
$4.50 preferred
300
11 »A
24
Jan
Dec
Jan
ino
28%
31%
12
6%
-10
preferred
11%
24%
6
Jan
80
_50
•,
*1%
31%
Va Jan
34%
25% Jan
100
International
277/B
24%
9
1%
45
,
24
-25
:
—
i
Corp
Du P de Nem
3,900
-
Mfg Co
1%
31%
Dec
Jun
:-Ll
—
Douglas Aircraft—
*3%
.
113%
31%
1%
Dec
Dec
16
—1
Dow Chemical Co
v
700
11%
13
%
13%
5
18
No par
28
26
% Apr
4
18% Mar 27
18% Jan
2
30
57/« May 20
-5
A
(The)
Doehler Die Casting Co__
Dome Mines Ltd
15%
117
127%
Co.
A
11
1
Jun
100
—No
27%
26%
12
Jan
1
;
;
Co
1%
26
;
preferred—. -25
11%
If
IS Jan
18
13 V* May 19
par
pfd
Match——
28
26
Deo
No
11%
13
Jan
99
pfd
*1%
26%
25
Dec
Inc
28
1%
Dec
08
Corp-Seagr's Ltd
No
pref with warrants—^
Class
I:
A117%
174
174
*31'%
Jan
12%
26
-No
Hudson.-—:
partic
14%
9%
*2%
*172
61%
116
*3%
*124%
127%
*15
*9%
.
16%
18
68
——
&
Dixie-Vortex
2,400
126
Dec
19 Va Aug
Feb
Diamond T Motor Car Co_.
300
11%
118'A
8
Mar 14
No par
West 6%
Detroit Edison——
7%
•
11%
61%
*117
14
13
90
Delaware Lack <fe Western
85%
7%
18%
>
21
12
61%
*124'%
3%
-5
_1
Diamond
11%
11%
61%
114%
13% Jan
8% May 29
30
i
Co—:
Delaware
200
|
20%
11%
62
114
,
—100
—
;
600
39 VA
12
12
*61 y2
*117%,
Dec
21%
85%
*8
*11%
114%
77
21%
*38
37
113%
Feb
Devoe & Raynolds A
*35%
*ii7y8
41%
250
35%
113%
1
3,500
35%
113%
Sep
Deisel-Wemmer-Gilbert
:
A
36 Va
*ii7y8
85
16%
22
v
2
15%
x36 Va
9%
Sep
Sep
74% Jan
15%
•
X22
4%
127%
tDenv & R G
36%
■;
Feb
No par
Preferred
1,200
22%
*9%
8%
72
Chemical
Records
36%
*3%
Feb
3
preferied———No
&
*21%
15
27
Jun
—
Decca
36%
15
Jan
(The)
Deere
22%
15
1% May
9
140
——
4,900
36%
*14%
Oct
Jan
13
Inc-
5,000
-
*21%
115
>94
29
-16%
-
7%
*7%
*85 y4
"■••
,
21%,
39
•*%
16%
39
3ya
-
15%
16%
16% .16%
*16%
8
8%
*y4
,
-
79% Jan
25.
8% Jun
Jan
'88% Jan
23% May 20
63
.
Jun
Dayton Pow & Lt
100
8%
18
Jan
Jun
A
Davison
20.
7%
22%
*%
Jan
*
5
Davega Stores Corp—
Conv 5%
preferred
300
7%
3 Va
$8
Jan
107
■
88
Cutler-Hammer Inc
200
17
v v
22 V*
•
Jan
11
v
13 V\
•
7%
8%
Jan
19%
6
Jan
•
22 %
*10
%
_100
-
Cushman's Sons Inc 7%
r,'
15%-
.3.%
*16%
9%
109'A
A Dec
D
*27A
10
y4
4%
Jan
16
t
Dec
182%
par
Curtlss-Wright
*60%
.•a;,
17
*15
3 %
x54
Dec
_5
preferred
/•
,3%
3%,
Apr
Mar
2%
Sugar——100
preferred
Preferred
,
*
92
*88 %
15%
15%
15%
'
42%
170
95% Jan
15
'
28,500
,.a
i
Press
Curtis Pub Co
2,600
■
'
v,
15
Jan
41
preferred--——100
conv
4 y2%
'
'
52%
May
100
-
Cudahy Packing Co
97
is
•
9%:
~*19%
■
-
Dec
Mar 27
preferred—-—100
Preferred
86
*
Sep
28%
*,$u
*9
21
97
*93
97
W--
;
Jan
56%
"
'
■
Jan
18%
Deo
14 »/4
of Amsr—__No par
Cuban-American
6,800
ioo
*93%
86
,
23%
Dec
48
U July is
'
7%
7
♦93
;
Sep
32
No par
preferred—
conv
16
Jan
5
5% May
No par
Seal
preferred—-—No
V,
;
Jan
30
12% Jan V 2
preferred—1—_No par
Zellerbach Corp—
conv
4%
12% Jan
85
(The) ———2
(The)
Dec
19% Jan
2% May 22
hi Apr
8
10% Apr 17
~100
Crown Cork &
Sep
2%
51% Jan
42 '/♦ Apr
25
Crosley Corp
10
45%
29
159
_1
—
Feb
Feb
29
24
Jan
6%
35%
Mar 13
25% Apr
~40%
7
Jan
8Vb Apr
1
preferred
conv
24
45
,
25
—
Co__—
$2.25
4
Apr 23
.
15
8% Jan
/
9
Aug 31
42
8
July
15% Apr
par
—20
Refining—^
Cream of Wheat Corp
36
7
28
17
5
100
17%
*35'/a
.No
Co
300
*6'A
*17%
; 36
5
series—— —50
700
6%
17'A
11
2% May
100
conv
Sep
——1
Bank Trust Co
Inc.—
Internat
5%
6
28
29
30% Apr
——
Del
Corp—
Steel
Products
1,200
;15%
5
Preferred
%
92
,'V
it.
Corn
2,100
11%
"92
of
pref 5%
Corn Exch
Coty
Coty
.
11%
•
y4
17'A
*6%
*35 y2
V 540
200
15%
;
Conv
Fibre-
Motors
Oil
Copperweld
240
•ft.
21% Apr
Insurance—$2.50
Continental Steel
V.,
3
'92% •93%
*15
:
50
%
*
20
Diamond
500
•
j -
34%;
*2%
Inc
100 ,;
;
177
v
2%
11%
Continental
>175
■
2%
%
*%
(
9%
49%
Continental
3,700
>
Continental
so
175
-
3
;
17%
9%
*46
51
175-
175%
*2%
*16%
Can
Continental
4,400
-V
.3%
9%
9%
51
175
3
»%,
,
Continental
400
23%
•-c
**
*16%
9%
49%',
9%
V.
1,600
'
,
22%
17%
17
46
9%
*46
r;
33%
33%
18
9%
10
49%
•
'
36%
'
*46
•
1,500
6
6
36%
•
23%;
23%
•
-
3%'-
3%
•
23%.!
23%
6Vb •• -v-
'
"36%
•
-
'
'■/
66
Jan
73
Jan
5
83
Jan
17
% Jan
5
30
July
Sep
64%
Dec
69
Dec
83% July
74%
Dec
89% July
A Nov
%
Jan
925
Number 4107-
Volume 156
j£M
NEW YORK STOCK RECORD
Monday
Saturday V
*
J per
share
per
1%
38%
*
4%
.
(•
«
i
3 %
23%
23 %
*%
A
.
40%
3%
3%
V 4%
300
V*
*%.
'
Eureka
Vacuum
$ per share
Ex-Cell-O
1,000
4% Jun
4
3% Jan
2
32% Jun
2
Cleaner
20
Corp____
Dec
8
2%
30%
Dec
11
26
23
$ per share
'
Dec
27
8
1V*
Dec
4
5% Feb 24
Dec
Mar 24
>•
21%
Dec
13 May 28
May 20
il Jan
4 V*
Sep
3% Sep
24
Buffet Corp
Exchange
Highest
S per share
Jan
8%
44
2
4 V* Apr
"
Lowest
8% Sep
1% Jan
Co
Year 1!>4I
Highest
int
Products
Evans
1
•
Lowest
5% pref series A
*
5,300
;
'23
23
•
1
-
Ctfs of benef
65,300
'
Range tor Previous
Qn Basis of 100-Share Lots
JErie RR common
3,400
4%
23
*%
1
8%
40 %
4%.
"
Range Since January 1
STOCK
YORK
EXCHANGE„
S per share
24,900
7%
-
3%
*4%
X23%
1:
8%
.
NEW
,
Shares
I per share
8
for
the Week
Sept. 11
8%
41
3%
4%
.
23%
,
x
l tf,
;
3
4%"
1
8%
•8%
-39%
4%
2%
4%
23%
422%., 23%
; -
8%
8%
39%.'
8%
39%
2%:
3
MV4;
8%
8%
8%
39 %
8
8
38'A
*2%
8%
8
8
7%
38%
•
>
$ per share
share
S per
$ per share
s/iare
•
Sept. 10
Sales
Friday
*
Thursday
Sept.!)
Sept. 8
Sept. 7
Sept. 5.
STOCKS
HIGH SALE PRICES
Wednesday
TuesdayAND
LOW
i3.
Dec
10
7%
Aug
Aug
42%
Nov
•
V.
3% Jan
-
8%
Jan
30%
Jan
¥«
Jan
'.7
/
'
r.31%
21%
31%
21
8% ,-c-e%
*6%
*3 Va
72 V.
22%
*21 %
22%
10%
>10%
10%
f
79
•
*7
■;
/
79.
♦79
81
79
8%
.' *7%
37%
37%
37%
12%
■*,'■. 12%
19%. 19% O
*8
V
1
♦100%
102
33%
34
33%
.
■
t.
11%
100%
;
10%
•■': *22 '■■■•• / 22%
102
*33%
34
11
V21%-
.jf'
•;*94-
21%,
19 %
'; .1L
>8
'.■/
18%
•
;
36
A.
% 11
-
35%
11
: *94
Vx *94-100% ?fc*
22%::>-:.421%.:,22V4,-.
.'100%
.
>*19%
*3%
;*28%
29
6%-
6%
*35
',*16%
100
3%
600
10%
125
*118
7%
-33%
•
*10 -x10Va
..
-*118 /. 125
—.
15%
16
*15%
15%
.34%
34%
53
35%
*34%
35
18
-*16%
18
*16%.. 18
94
93
93%
*92%
,
Stove
Apr
Dec
27%
Sep
87
Jan
6
86
Dec
97%
Jan
21
11
Jan
19
8%
Dec
29% Apr
29
41% Jan
3
34 %
Dec
jV 8% Apr 23
13% Jan
No
par
9'% Jan
Dec
.18%
Jan
105;
.'an
.
11% Apr
6
"86
May 14
96% Jan
15
7 15
Mar 27
23
Apr 21
21% Feb
5
5Vo Jan
13
8%
98
-
Dec
Dec
.
16%
42%
Steel
3
Corp
Dec
33%
Jark
17%. De«
Aug 24
25%
Foster-Wheeler __i__
conv
Apr
;
>7
Jan
Jun
35
Deo
30
9.
Dec
13%
Jan
,34%JAug 24
24.
-May
3%
36% Mar 19
Aug 28-
9
Machinery Corp
Dec
21.
May 22
27% Mar 14
S7 conv
Mar 21
11 */2 Jan
6 A
9% Apr 28
fi~
32%
prior
114
15% Sep
preferred
Co__.
is
2%
120
93%
2%
Co
27
Co___
10 V* Feb
•,
Apr 29
15% Apr
7
5A
Trailer
3
45
Feb
.
~2%
:•
7
36
May 27
Sep
Jan
132;
"9
"
Feb
Jan
3
32% May
19
Jan
3
18
Dec
95
Aug
4
63%
Deo
Dec
.
46
May
38% Jan
24
85% Apr 10
preferred
conv
105.
17% July 14
13
Mar.
Freeport Sulphur
.
21
8 ;
Jun
o
40
Fruehauf
600
134 Va Feb
May 28
F'k'n Simon & Co Inc 7 A
35
26
20%
'
9%. Dec
12.% Jan
.
preferred.
Francisco Sugar
.
Jan
16% July
'103:
NOV
«•
7'*
5%
470
No*
317/a May
2
Food
1,100
Sep
Sep
13
Dec
3
i
16
45%
,
90.
9
11
39'/a Feb
18
Co.
i
V*
j'12%
19% Sep
102 ya Aug
par
No
Feb 19
3
par-
No
,
11
7 87% Apr .27
7 29% Apr 30
par
v
Feb
12
;i
100
-No
July 30
2
7;7 7% Apr
__io
:
A.
(The).
V*
14 ¥4
1
~
*92%
93%;
series
4
7
76
__100
_1-
Sons Co_,.
4'AFeb
18V«Jan
500
44;,"
A *34%
*16%;
Jan
30
28
6
vy;
*35...;-'
; 4
-
11% Apr 28
i
No par
preferred
bFood Fair Stores Inc^
16
!;!?•':
6
*
.2
44
*93
;
16
6%
*35
53
.
10'
'
6%
6%
6%
Jun
■
.
*118% 125
%
,
Jan
3
__No por
Stores
200
,34
*10
'
14%
preferred.
Follansbee
:
7 100
10%
33%
"
26¥4 July
Dec
Florshelm Shoe class A_
i
50
30
•
*9%
-
33%
*16%
s
94.
>10
r
'
34
*29
10%
10%,
~
*3%
,
Dec
8 ¥4
preferred
Florence
400
Jan
19%
4
Flintkote
19%
100;
90
16
700
19%
May
Jan
31
First National Stores_&_.,
21% :.21%
•
30
-
*35
":;"V 34%
18
/
*93 '
>*33%
.
15%
*35
.
36%
*34%
30
10%
*9%
•
6% / 6%
w/
49
-
125.
15%
16%
*15%
!,
10%
*120:
125
*ii8
33% v
*10%
10% >10%
1
10%
33%
X
:
34%.!
*33 %
1
*9%
;
10%
*9%
;
r
30
*29%
.„
3% ",,.3
3%
..Vs 3 %•
29
■r',.V 29
.*19'A;. .20
x"
20
.-*19%
.
3%
3%
3%
,
;
Mar
Jan
Corp_
(Wm)
$4.50
13
10% Sep
Firestone Tire & Rubber-
<
Dec
93
_No par
i
6%
24% Jan
—$2.50
..
20
*19%
20
Enamel
Co
5
15
300
'%
11 Va
•-
8'% Jan
18
Fidel Phen Fire Ins N Y..
OA
22
10
Ferro
'
24% Mar
Jun
Apr
2,400
V
35Va
Jun
32
Apr
:
18%
lOOVa.. 101%
••
-
; 16%
8
Filenes
...
29
(20
100
in
12% ' K
45%
29% Jan
7 69% Sep
900
i '
8%
37%
Dec
30
2
preferred-....
conv
16
Jun
6
No par
Federated Dept
*4%%
37% Jan
19
Corp__i_^„_.____5
preferred
Federal Motor Truck
300
"
37%
-19 %
.
:
*7
<
v
102
*34%
.
81,
27% Apr 28
.
___15
Federal Min & Smelt Co
Federal-Mogul
200
.
13%
♦79
Traction
&
100
.
3%
13%
12%
*100%
-
;• i
100%
;
*21%,
•
■
•*3%-:"
•
\£
38
*8%.
-
10%/
10%
•",*94 *• 100%
.x
t-.4* 1 '
A/'A 37%
•
19 %-
• *100%
7;.-:
'79
«%:
19 %
>
'•
•
-
$6
Light
COm^^-mmIVo par
300
10%
13%
Federal
&
100
22%
.«%'"
38
♦8
,19%
1*10%
,
*7%
>.
v r:
102
10%
*94
13%
79
12%
•
*32%
<
14
•38
♦100%
:
«3%
*13%
Fajardo Sug Co of Pr Rico_.__.-_20
100
»
i*21 %
,,*10%
■
3%^/Vx'.3%x', 3 %
3%
6%
'pv
*69% ; 72
V
22 %
14%
>'
8%
8%
*37 >:
70%
*21 %
*10%;,.11
*3 %
.
14%
;
i
-
*13%
'3%
v.
*13%
79
*70%
*70%
*6
m
•
Fairbanks Morse
600
100
20%
Gin
*10%
400
31%
20%
5
.21%
-6% ■v *6%
-72 ! ,I,.69%-
*6%
s
*30%
.32 x„
*20 %
*21%'
"i *10%11
•
6%
.*31
---
72
.
22
.
32
21%
*20%
22
*70%
.
31%
31%
20%:
*30 Va
".*21
Jan
41
July
23% July
99
/
Aug
'
'
2%
2%
*2%
2%
1%
7; *l'/a
1%
*1%
•1%
*8
9%
*8
.9
9%
■■I >8%:
; 19%
.
19%
.3
19%
.
3%
*7%.
":*9%
*
;
7 *9%
*48
50%
4 %
*105
107
*103%
7
*35% .36%
*48 /v-
36%
•
\
4%
4%
*120% ,121%
*120y«
,
2%
-
7*'.:;
120%
121%
*3y4
3 %•••'
:'*2%-,;'i'2%^;
.'
3%
*3%
>*2%
■v''
7>/a
7
•4% '
*4%
4%,
72%
'*17%
18%
126%
126%
125%
.
'26%
26%
.17%
17%
*17%
125%
125 %
*125%
/
preferred-..-^
$6
Apr
12
Dec
23
15
26%
26%
26V8
26%:
32%
32%
*114%
115%
/::ii2^i";:'32%;.
32% 77:
*114%- 116%
% *114%
116:% 7/
♦81
87%
.
.
•77%
78
♦129%
131
38
125%
37%
,
U
;-77"7>7 *81 ,<■
,7.7 A'7- 77%
::;777..:,, *.129%
V
37%
/
,125%.
;r7,."s *13%
x
i
*125%
A *13% 14
■L *!%..'• .2
;.'
/.
77%
,7"7
•;
26
230
18% V
*125%
.
7V.
73
1 *18
18%
13%
*3%
4
\
:
w
14%
6 **
v
a72
W
.••••" *■
,
32%
i
13%
"106%
*A
%
^
:15%
x
mi
:.v *9% ? 10
59%
2%
Dec
5'A Mar
1
6
Apr
8
14%
t
;•'
'
-r
A t
»103
f
«.
-
10 V* Feb
20
8%
Dec
52 V3 Jan
22
47%
Jan
25
5% Sep
11
4
Apr
Jan
5
101
Jun
104
Sep
46 ¥4 Feb
16
39 Va
Dec
55
Jan
24
3'/a
Dec
;;t 72
104
:
2
-
4 '/a Aug
15
3
15
Sep
y
8
40 "A
7
_
'
•
-
9%
26
14%
14%
14%
104
,7
40'/8'">
4v8
Mar
Jan
28
2
Dec
6'/a
Jan
14
6 ¥4
Dec
15%
Jan
4
73'/a
Feb
97
Sep
22
2
16
Dec
127
Jan
16
118
Dec
130%
Apr
28¥a Jan
5
24 ¥4 Dec
35%
Jan
23% Apr
40 Va Jan
5
25
Apr
.
29-.
56%
/
53:
12%
12%
•
-
>;
$5
$6
par
Co
3
i
4
preferred—!.
par
50
May
: 37% Jan
16%
Jan
?106%
Jan
18
%
Nov
46%
Jan
5
16.;
Dec
16% Jan
24
Dec
29%
Jan
Jan
Dec
v:
'
80%
102
22
Mar
2% May
Aug
5% Jan
20
65% Jan
4%
27
44
•
Dec
Feb
60
Mar 17
15
72?
v,
11
Feb
35
4
;
jtm
Dec
14% July
4%
;;;
34% May
56¥4 Aug 24
•
112
6%. Dec
4% Aug 24
Sep
24
t
13Dec
16
Feb
25
11 Ve
Apr
11'A July 22
4
% July
Jan
8
12% Sep
.
■
..^50
Jan
Dec
Jun
X 9
19
Apr 28
Jan
Va
•
•98%
Dec
v
7%
x
,
5
8'/a
110
Jan
'
14.,
,.
4%
:-:110%" Nov
Nov
aa
16%
20
2
;
Dec
105% May
79% Jan
x40'/b Mar 31
No par
Nd
(The)
Jan
4¥a
.
7
*
Mar
48
>
;
9
'
Aug 31
7% Jan 12
■■
Sep
5
10
103 f
127'/a Aug
Dec
Feb
28 Va May
May 21 t
11"
Jan
/19 V4 Jan
t i, 13% Mar 30
.No par
preferred.
Va Jun
5«% Jun 12
;
par
conv
8 % May 27
5
.No
•
Mar 11
33;
>:■'
100
preferred
*
48%
Dec
14% Aug 26
107% Jun
i M4% Apr 28
No par*
Co.
Brothers.
: 4% A
Apr 23
V* Mar 26
.No par
20
2
101"
31
Sep
Jan
Dec
3.
109% May 13
Va Jan
3
10% Apr 27
X
par
.No
conv
Glidden
A Jan
1
Nov
91
•
Sep
Aug
Nov
132%
27%
,
6.
5¥4 Jan
104
Jan
121%
;
3
1%
Dec
28 ¥a
Jan
14 Va Aug
V
117%
'"A
78% July
125
July 29
30
; 3 Va Jan
3% Aug 11
:
j
par
Corp__.
X
Rubber
128
7 99 % Aug 25 A
par
Safety Razor—
Gimbel
100
&
:
1
.No
-1
preferred-
Telephone
preferred-
Gillette
1,900-
.
10
.No par
General Tire
6A
53
Apr
13% Aug 31
/:;.••!% May 13
Oct
42%
Jan
38
3
10
39% July 14
.
10% Mar 11
.No
GCn Time Tnstru Corp>„i_
39%- I" -4317 Va?'f>'~ 38%
122
par
-I
100
300
:
-100
400
1,000
2
par
.No
General Refractories——
Gen Steel Cast $6
4%
Jan
10c
preferredUtilities.
$6 pref opt div series-
1,900
.30
V*
9
Jan',
131 % Feb
:
Feb
112%. Jan
:
15
Jan
83
29 v
16
par
Realty &
General
102.
Mar 25
64% Apr
Apr
No
Railway Signal—
130
i
61
/
Precision
Gen
1% Jan
¥a
33
116 »/8 July 24
•
% May 13'.
/
122
.No
General Shoe Corp.
56%
•
4% •":•
*12%':/13
■A:
>
>,
*52y4
•
12%
*37%
40'
*56
;
7:4%-
>No
100
>
,111% Apr 2.9
,
-10;
preferred
Gen
24
100
Equip Corp.
General Printing Ink.
$6 preferred-
1,100
X
x-No par>
Common
Gen
400
4%
4%
s-
preferred.
$5
:
104
par»
6%
"ii.%
4 Vb
*52
;; 53
12%.
*38
f
11V*
*103'/b
No
l
G«n Outdoor Adv A
A
700
10%
*56
7
1,000
14%
*10%
:T
.
*52
12%
.14*-
par
Gen Public Service.
.
4VB
56% ;
4%
-
'100
59 %'
*
700
600
9%
10%
4%:
*56
7'77--7
9 Vz
'5
.,
'
16.
*10%
'74
v7- 4%
4%77;V
U
.
26
*58 %
No
Corp
General Motors Corp
;
:200
%
-
Foods
$6 conv preferred series A_No par :
5 A
7:v777:'5bd::;1
13%
16 >■'
7
-
11%;"
104
^103%
-
1,0%
10%
4'A
,:56
11%
11%,
*11%
*103%
U
H
-
14%
■
July
5
21% Apr 28
General Mills____j
106%
*24
59%
.
|
a
i
%
f 16 Vz 16 %
x>9%.;r 9%
*58%:
52%
*38-
*24
■
7.;
60 /;
,14
*105
106% •F'Z
59%
12 y«
_7'7
12% >12%
*38%
i6
-
7
t
3%
102
13 Vz
13%:
•7*9%
52%.
53
*51%
26
"7 x 7
v
Y6
m
77x7
104 '
.
*3%
.7%' ;7', %
*24
144
Dec
Mar
120
,;44.50 preferred.;.:
>,
13%
*99%
32
9%:
60
7 -;7777- 56
,-7'://777.'4%
4%
*4%
:
*105
t*«
,16
Jan
Dec
20
16% Apr
Gen Gas & Electric AX__ ___No par
87%
.
*13%
77
13%
106%
*105
.
7'A
9¥b Jan
ii
71
General
i
.125% 125 y4
,*i3%: 14 —
,
10277
X
T« :
'
13%
Xl3%
Oct
2%
115
1217% Aug 29
3 3A Jan
5%
90 V* Feb
sep
67/. Apr
,
preferred^
cum
•
1,100 7i
i?,7*l%7 2
13%
*99%
/ /U '■■■, 32
-
7-W7
16
4%';
56%
*56
I
12 % July
53% May
17
Apr 28,
2% July 31
3,700
:
:
A
4
:7a
7
77
j 77 %
1::300
*129 7 130
7: 37
.:
37% '77: 19,800
•
f
2V
-
1374
■*
26
,
10 %
,
4 Va -f..t4%
•
102
-
*11%
f,
:-
;
10%
10%
7-
7- 4
77
106%
*59%'
- ;
.7*3%
7;,.7 7*99%
-
-*15 Va
lVs
14
77;- 714%. ;:14%77 I
'.1.4 %
104
*24
•
«7
;
.11%
,*11%
:
.1
.
*103
,„7.;
*
a*.,:
7^:.7C
13%
13%
7 13%
Mar
13
106
General Electric Co
115%
7
*81
•
7'
-7:7
78
130
*129
7
•;
14%
7>77J77 *9%
'
60
r
-
_
26%
7*24
;
15%
7 7-.. 413%
7777^196%^
106%
.
13%
Sep
5
Feb
3% Jan
:
12,600
:
:-(:37%;:':37%,.;:7
125'A '125%:., 7
125%
13%
7 *114%
::
87%
*77%
38%
; 7*1%
.7
;
r •,
:,
102
*81
;
j
7125%
4 7
7777v*99%
87%
37%
Sep
Nov
3% Jan
f 98
Mar.11
35% Jun 29
Qeneral , Cigar Inc.
7 A preferred
*_
80
26y2
,
t7A
•
:
200
120%
32
:
-•'«
115%
1
136
;
14
7777 f *3%
102
*114%
77%:
77%
*128%
7'
■:;732%x:32%7-.''
u
•
*81
:
:
.
125%
*13%
*99%
.
is
38 %
7 *1%
-
7.
7
87%
•'
131.
,
Xr-.-^p
_
.7 13%
•18
Jun
2%
7% Apr
*
777. 32 7
2'/2
,
,
3% Apr
51
.
126 Va,
26%
.-•■8% Apr
Apr
7%
Jan
3
Gen Amer Investors
' 106
72
73
72%
73
26%
7
Dec
IV4
3 ;
20
,21
6% Apr .22,
800
:,
1%
3
Jan
'
*70
126
July
1
2% Jan
'11
;
8
preferredGaylord Container7-Corp
>
5% % conv preferred
•
.
7%
18% 7
♦17%
May
/ 2%
Wood Industries Inc
2% Sep
;
*
4
16
(The)
400
■
6
87/b Apr
:
7
71 -7;
7:-71
73
preferred
Co
Jan
1% Jun 23
;
35%:,' 35%'
1,500 - Gen Amer Transportation*4%'. :7 4% :f: 77- 400 ■■
General Baking-i.____
7 $8 preferred
*119
121% V: f-x ■.
10
General Bronze Corp.
200
'7 *3% :::, 3% ;
;:'f2 7, 7 2% '.
1,^800 7 General Cable Corp
f. l.ioo
,7 7 v 7 7% ,7;
;
Class A.
3 'A
v
(Robert)
5 A
50%
*105
; ,7 2%
7%:
Gar
7xi%
cl A
(The)
Inc
,7
.
' 121% 7
2 Va
7 7«/4
7 2,400
;
Co
Co
Gamewell
7' 7
.7,' 5%. 7- 5% y'7,
7
106
:
7f 3%
*48
50%
'
777. .250
7-,779%; % 9% 7
9%V;
■
3%
2»A
7%
*2%
Galr
6 A
19
19
,.
Gabriel
9y«
.
.*7 Va
7:35%:: 35%
:?
4^, -4%
3%
,v*3%
7%
%:
3
500
100
*8%
.
;• :
5%
*119
1^0%
'r
*72
*105
.
7,/2. >„
*5%
'
*4%
,:7
3
*7%.
5%
*105 77 106 74
7 35%
35%
;7
107
36
5014
*4% 7
19%
■7:79%:
7 *48:%
9%
*9%
9%
5%/
7
9%
19%
v:
.v77'*i%
1%
*8%
773-7'.
7%
*7%
7
•;-7' 1%
19%
77 3
50%
■
5%
5 %
7
3.
7
7 19%
•
7%
*7 %
9%.
'*48
19%
3
7%
;
2% :
% 7; 2%
*2
2%
*1%
.
Sep
54
;
Dec
9¥a
'
Sep
74%
?
Oct
Dec
17%
Sep
Dec
-
46
Jan
.
""'
'7'7.i; 7
J2
Hf
-
^ "-"i
;-.t
20%
-7 r
85
i
:
76%
>77'r
21
77%-7i>./
77
85.
':
"i
*238
3
*2%'
777%
,r* % 7-U
4%
•V-4%
w
*7%. 7:6%
*6%
,
f
.
*28%.
24%'
*16%
16%
22%
22
7%
,77
29%
*23
,7
I
:7
?
.1 4 %
.'.
rx'7 7..
t..u
:v;
,v.
s
;;7'.
>
*
7.
7
j
'
•.%
-
4%
y
-4%
■
*7%
73/a-;;vr7.
7
:
,7,,
22%
17
r
r ••
7;
,
77
1,200
19%
6,800
*2%
j.
,77%
*2%
%•
78%
*77
.
:) 5 A
••
%
100
1
2
21
Jan i 8'
;77 Va Sep
2
85 % Sep
8
29%.
'
,: <
.
22%
-
',--••*7.....
29%.
24 y4
V *23%
17
a
-v
nVe
IV*
%.
4'%
7%
i'2
Grand Union
Granite
800
30
200
600
*
7'%
7%
29%
J
Grant
'
-.23%.
.24%
.'
S' (.
22's
22
...
,,
29%;
16% ...16%
22%.
u
7%
.
*23%
17
f::
7% (?
4
4
4
-
■54
—
.
Jan
7
79
A Sep
2
>, 1
16%
23%
1
17
t-
21%
,21%
v..
:■■■!
4
M S & P
div ctfs.
w
t
City Steel;
(W T)
?
10 '.v,
Mar - 3 "
1 6 '
Dec
74V4
20%
Sep
90
Jan
68 %
Jun
%. Dec
l'/a
Jan
9
3 Va. Dec
6%
,
Jan
8 Va Aug
21
6%. Dec
13¥4
Jan
12 ¥4
Jan
8V4 Jan
14
5
Jan
13
28.
25
>
.
.
Dec
-
Dec
36 Va
Mar
V 25'/a
Jan
Dec
18%
Nov
Feb
3
23
Gr Nor Iron Ore Prop
(
14% Jun
19
17% Apr
2
12%
4,300
Great Northern preferred
;
19% Jun
22
25 ¥a Feb
27
18%. Dec
28 V* Jan
27
19"%. Jan
Jan
14
135
Dec
Mar
:
5A
preferred
-
!_!„
23
July 23 v
Nov
2
1,400
100
Oct
3% July
Jun
25
.
Feb
31
Apr 25
1 22% May? 4
CoX—
Sep,
Jan
Nov
Dec
_
1'.
July 27
Jan-
t
21%
:
59.... Dec
.
2%
2%
91
;
5% Jan
Sep
6
Apr
...
10
1
3 V* July 22
1% Jan 20
:
::
Dec
Dec
„
11%
19%'Sep
2 1
V
Motors.
2
80Dec
Sep
10% Jan
x58
Granby Consol
,
60% Jan
Preferred
1,500
13
Jan
;
A
30
29
Feb
82
56
(B F)
Graham-Paige
:
Apr 30
13
preferred-i.—I
2,100
3-
_
74
•
.
i 3
780
\ I Jan
(2% Jan
15
•7 71% July 28
Gobdyear1 Tire & Rubb
$5 conv preferred
Gotham Hosiery—h___!
500
85% • (85% y.V:v'
X-
KV
4%
8
729%
n
24%
22 Va
,
.
85%
8Q
*76
' ?
-
20%
7,700
% Jun
(Adolf)
19%
76%;,
3
Goebel Brewing Co.
Gold &> Stock Telegraph Co
yr.v.20%
1x76%
20%
85'%
Gobel
Goodrich Co
,19%
?
100
400
>78%
?
■
*23%
16%
-
7.7'
-iS
29.
f29
<
.'
' 7*
■
.
76%
3
*2%
3
78
78
78
*76,
20%
."19%
lit
*
81
.
,
85
85
•
'•
81:
i '
-1%. ■v; 1%
ItV
:
1%
*78'%,
19%
,••19%
19%.
1%'
"
si
,
85
V
—!>■
19%'
"7
■•••;
20%"
/-V *78%
20%
77777
85
..'.I
1%
%-,>:. xi%
i\
77»4
19%;
20%
20%
-77
;
.,19%
x;1"
R
' ?, ]
1
81
*78%
81
-*73% i
v/
*L%
1%
*1%
•
""
-
.
Jan
28'/a July
'
23%
23%'
23%
*30%
57
31
12%
-11%
*11.%
*10%
7
70
>71
3%
-
.
2%
,2%
*2 :
,
3%
28
27%
27%
•
.
•
♦50
r'
30%
31
12%
-
.11(4
10%.
-
70
3%
11%'
3%
2 Va
-70%'
•
-
•3%;
27%
*26%
*20%
20%
20
27%
*30%
2',4 :
71 %
3%
27%
2,100
103
400
12%
12%
3,500
ihv*
700
10%-
-10%:
'
'•
*2'/»-
*70
3%
*27%
2%
73
3%
Great
1,100
900
110
4,300
27%
600
20
200
Western
V 22% Apr 28
Sugar.
Preferred
Green
57
'30%
11 Vs
v
10%*:
"
2!/a
70
•'*50
12%
10% ^
10%
57
22%
138%
23%
*137
30%
12%
11%
2%
2%
28
57
12%
10%
3%
*
138
*11 VA
12%'
11.%
76
138
138
31
31%
12%
10%- -10%
,
,,*69
3%
*50
57
*50
.
12%
f*ll%"
138
23'%AJ
23
23%
23
138 %
.31
7
*50
23%
138%
.'■Cv'i"
139
139
Green
130
L)
Co
54
July
Aug
Dec
July 16
52
Apr
1
42
Apr 24
33 Va Jan
3
29% May
36%
Aug 24
9% May
14 ¥4
Sep
11%
Apr
13
10% Apr 25
TO '
r
Mar 31
~
1% May 22
Guantanamo Sugar
48% Jan
preferred
Gulf Mobile & Ohio RR
2% Jun
18
preferred.
Jun
v
2
.
3 2 -
107/a
11% Aug 31
145/a"Jan
9% May 20
Grummai* Aircraft? Corp
$5
28
144%
50
Inc
Greyhound Corp (The)
-5ya%> conv preferred:
8 A
143
25
Bay "& West RR.
(H
i,
Apr 21
29
30
4
%~ Dec
19* Feb
10
6
3¥a Jan
81 Va Jun
\
13
Jan
24
1%
24
9
29 ¥a Jan
Jun
v
Sep
*
Jan
„t
18%. 8ep
3 % July
55
Dec
Feb
4%
Aug
"Feb
23%
Dec
H
*20
20%
*20%
20%
•30%
32%
*30%
32%
*31
32 Vz
12
*11'%
12...
*11%
*8%
1*98%
X;
*11%
12
:
*8%
8%
*98%
100
100
*8'A
*98%
8%
100
'„
♦11%
8%
*97%
20
32%
*31
32%
12
*11%.
11%
8%,
8%
8%
100
*97%
;oo
Hackensack
7A
Hall
500
Printing
Hamilton
6%
Water.
preferred
.25
-25
class A__
.10
Co.
Watch Co.
preferred.
.No
931.
19% May 21
25
Feb
Jan
13
Aug 22
par
8
95
'
Dec
33
Jan
38
Mar
23 ¥4
5
33
Apr
33 ..Feb
11
11
8% Mar 16
29
.100
J*—
v.;
Par- foatnoi.es see page
8%
*31.
20
-
8% Dec
8%
16%
Jan
Jun
25
10% Feb
6
—
Dec
15
Jan
Mar
11
106% Feb
7
--102 ...Dec
108
July
THE COMMERCIAL & FINANCIAL CHRONICLE
926
LOW AND HIGH SALE
Saturday
Monday
Sept. 7
Sept. 8
t per share
*100
101
*100
5%
*6%
1%
*1%
1%
1%
90%
5%
*52%
56
60%
*
12%
11%
11%
60
60
*58
129%
*129
36%
37
*86%
90
13%
36%
*86%
*12%
36 %
90
*86%
13%
*i2y4
36 %
37%
90
*36
38
90
*88
90
xl2%
12%
*12%
15
*13%
15
14%
14%
*13%
15%
*14
*25%
25%
25%
25%
x25%
25%
*6%
6%
*6 %
*14
6%
*14
14%
1
6%
*6:%
*6%
14%
*14
14%
100
15%
j
Hires Co
900
30%
*113
30%
30%
*113
'
,
100
30%
30%
30%
■'
*113
29%
30
29%
29%
.5"
*37%
37%
*37%
38
37%
37%
37%
37%
38
38
10%
10%
*10%
10%
10%
10%
10%
10%
10%
10%1
104 %
38
38
*37%
♦
38
*104%
106%
'
107%
38
38
*104%
*37%
106%
38
38
*104%
107%
38
♦104%
4.
,
2%
3
2%
33
33
*32%
*1
4%
4%
%
33%
3%
7%
7%
17
*16%
17..
*16%
37
*35%
37
*35%
11%
*9%
*9
*
20
*103
10%
3%
3%
*10%
24
5%
*5%
6%
20%
*19%
20%
*103
9
;
;
83%
U
63
?
'
'
'*5%
-
104
6%
*5%
6 %
*19%
'•
20%
*19%
20%
*103
-
10
•
104
104
6%
1,000
•
900
104
«
110
y
7%
*7%
5%
137
46%
162%
162%
:
y
5%
137
46%
46%
*7
7%
5%'
5%
138
*136
f
7%
,
5%
*'■
53
138
->
-7%
163%
5%
:ti
47
162%
$
u
S
?-■
,5%
.
a.
: "5%
*5%
*136
,
*:■:>
i
•
--
i
'
'
$
120
11
*{-lS
-at
7%
7%
7%
7%
7%
7%
7%
7%
7%
1
7%
7%
7%
7%
7%
7%r
8
8%
8
f
48%
48 %
*47%
48%
1
2%
26%
*132
"
2%
134
37%
*41
29
*36%
*102
132
;
38%
29
?
: 105
*103
2%
2%
2%
*2%
2%
V* 2%
*8
*88%
*8
*26%
*132
*7
8%
*8
92
140
*132
7%
*21
98
58%
*125%
...
21%
*92%
58%
58%
128
-
2%
*103%
105
*103%
*
*125%
7
18%
66%
*66
*8%
*90
14 0
;
i
</
*132
92 3,i
*90
9
*8
*26%
.v
Vy
;
;
y-
*132
7
*21
22
*20%
-
98
*92%
58%
128
7%
56%
58
*125%
128
i.
19
7%
-a.;. 1/, :•
7%
57
*125%
t
2,600
<
8%
18%
18%
18%
3,000
55%
54%
54%
100
65%
■66 %
66%
66
66
8%
•
18%
8%
*8%
8%-
:
t
200
'•
9%
200
f
SVa
3,600
t
24%
800
't
8%
*9%
;
Dec
'
*■''?
4%
3%
2
3% Jan
28
24
16% Feb
4
2
27
Apr 24
Feb
25
Dec
1
100
Jan
8
157
Jan
12
154
Sep
74% Feb
4
63
12% Jan
14
6% Feb
5
8
Feb
7%
19*
Dec
dan
14
6
5
140
8
'
166
yA July 27
5% May 25
:
Feb
July
107
9
% Jan
150'
Feb
8 '
11%
167%
July
Jun
170
Jan
3
6%
2%
!
Jan
13% Nov
10
Jan
31
4
23
July 16
125
135
Apr
1%
-
Deo
Dec
4
5
10%
Deo
'.,V1% Sep 11
2% Jan
26
1 %
131
Feb
511%
July
Sep
31%
-
May
5
Jan
Sep
73%
Jun
Apr
2%
Sep
46% Jan 30
32% May
48%
48% Feb
8
20 '
13
38%
49'
Oct
Feb
5
31%
Jan
Jan
26
'39
Mar
14
26
' May
6
32
May 20
39
May ' 7
2
i% Jan
104
26
Jan
57
15% Jan
:i_i.._.._i58
Jan
Deo
60% Jan
36% Sep
Dec
Dec
1
-
Jan
10
28% Feb
Sep 11
45% Sep
Sep
113%
V* Deo
9
Sep
-
May
-
42%
19
8% Sep
49% Sep
27
July
3%
4
12% Jan
10
Apr
Jan
6
9
6
May
Jan
13%
10% Jan
52
Jan
90%
Dec
3
151% Jan
161*
Dec
111% Feb
24
Apr
Jan
8%
23% Jan 27
6
Aug
-
21%
9% July
<29% July
111% Jan
20% May
85% Dec
3
Aug
Aug
45% May
4% Aug
Feb
July-
-
10%
:f 24
Dec
5
May
Apr 24
8% May 205% Apr 21
38
2
13%
10% Aug 29
% Jan
;
Dec
1% Apr 25
24% Apr 29
3
126% Jan
-No par
Sep
Jan
<
Deo
27
Jan
4%
Deo
11%
31
Jan
Mar 25
Jan
21%
% Nov
8
Jan
•/•
Dec
18% Jan 27
Jan
37%
Deo
2%
42
r
par1
13%
15%.May,
2
54
•
.■
..100
100 1
:
94
par
2
Jan
2
par
6% Jun
29
..100
'88% Apr
7% Apr
29
Interstate
Dept Stores
Preferred
Intertype Corp..^
...No
No
par
"
26
-
Feb
'
May
Oct
25%
Feb
49
Oct
95
preferred-i
Jan
104 '
Oct
preferred-.:...
-
18
2
85
Manville__.._._._..__No par
122
5%
pref series B conv...
series
4
-:-l
Jan
Jan
-
12
•
Feb
14
Sep
Sep
Sep
Sep
•
Feb
98
-
Feb
9% Aug
33% Aug
26%
20
Mar
R
5%
7
8
Jan
3%
87
9% July 30
132
"3%
Dec
2
124-
5%
Dec
Mar
134%
Dec
Aug
5
31%
Dec
14 \
44
Jan
33% Jan
107% Jan
5
107%
Dec
111%
Dec
4
49%
Dec
71%
Sep
62% Mar
Jan
9
xl26% Jun
16
24% Jan
3
16%
Dec
27% July
64
6
59
Oct
67
61
■»
,.100-
Co.——
95
2
32% Jan
Dec
1%
-
17% May 20
54% May
1
'
-—No par
A.........
100
pref
May
50% May 15
Jones & Laughlin Steel.
Joy Mfg
Apr
18% May 13
t
100
;
9% Jan
-
1%
May 19
3% Jun
4
17
5% .Tan
1
Jewel Tea Co Inc__.;..i..____No «*»*■
4% %
127
1.1 ■;
Aug 20
3
24% Apr 29
.1
5%
500
'
*8%
1%
fl
2
'
1% Apr 13
3% May 29
Preferred
*54%
Feb
4% Apr
t.'vt:
No par
-
5% Aug 31
21
5% Jan
'<
1..100
Saltl:i_^.l_..No
Silver
Jan
par
Johns
128
55%
*54%
Deo
115
^
Jarvls (W B)
>
500
65%
Tv
Co..
preferred J—...
$6
2,400
57%
A
f
Island Creek Coal_.ll_
'
98
19
■
.
300
22
*92%
■:
1% Aug 31
7%
*
1%
1
140
Apr
Foreign share ctfs..No
• ••
50
-
26%
Intern'l Telep & T«ieg___:__No
' 800
300
27%
1.1;
preferred 1_._.
International
12,000
'•
r
3
5%' May 20
.100
International Shoe..:
'
—
9
*26%
140
'
92%
*8
27%
7
X58%
66"%
8%
r.
9
t
8%
22
*125%
19%
*8%
90%
8 %
98
6%
55%
*65
8%:
:
"
3
21 %
58%
*54%;
8 %
:;
i500
5%
July
34% Feb
2
109% Mar 16
:__No par
conv
International
':V'rA.l
3
2%
*2%
*92%
128
19
8 'A
♦132
22%
55%
:
*8%
98
*54
105
105
'
5
...5
preferred...
Inter Rys of Cent Am_„.
-
Dec
100% Aug 21
5% Apr 29
100
* International" Paper
470
2%
147
preferred^..—
5%
14
___.____100
Preferred•'
i
—
•
*103%
V
.
-
3
26%
yA
29%
2%.
26%
;
41%
38
100
3% Jan
f: 40
Internat'l Mining Corp.....
700
-
38%
29%
2%
■
Jan
Jan
par
Int Nickel of Canada...
••
1,600
■
*36%
2%,:
90%
T'%
'
4%
v
6,500
.'
-
37%
3
*8 "-o'
!
28%
2%
2%
27%
*18%
,
2%
<
140
7
22
*92 %
28%.
.*36%
28%
*41
ty-
,
46
37%
42
38
9
*26%-
36%
28%
92%"
•
*8
,
36%
*36 %
8%
*90
9
27%
1%
*41
42
;
8<%
45%
13A
400
700
64
111
A 19
I- Int
5,600
133
8
46%
■
2%
:•
8%
8%
1%
v
38
*130''
133
(■;■«■■■.
■27
Jan
Deo
par
Internet Min & Chem...
Oct
Jan
39
Deo
Aug
'
Int Hydro-Elec Bye class A_.—.25
Mercantile Marine..:
No par
*
Aug
52%
36
153
par
No
i__
0% July
,100
-■74
Machines___.-__No par
Harvester
fPreferred
;;
10,200
2%'i
;
-
26%
'•
1,900
»
i.
Business
Internat'l
200
-
49%
2%
•
46
36%
*41%
29
*36%
105
36%
42
29
38%
1%
'7%
*49
27%
8%
47%
r
v
2%
26%
*130
8%
37%
*41
-
133'
46%
•,
2
36%
42
27%
*1%
47
*1%
49%
*2%
3
27
♦130
8%
:i
47
1%
\
49 V*
48%'
*2%
■'
132
8%
47
1%
48V2
2%
27%
8%
8%
*46%
2%
26%
27
.
Int
»'
3,800
162%
No
24
„
,
10% Jan 29
10% Apr
1
1
_J
Aug 29
.
:
16 y»
115
20
20
Interlake Iron.;
.
100
v
47
Rubber
.
Deo
Feb
107%, Apr
30% Dec
26
21
Corp__L_____2Vo par
preferred
_100
Intercont'l
38
6% Jun
Interchemical
6%
1,200
^
137%
46
162 v2
163%
*•
7%
7%
137%
46%
163%
13
-7%
*134%
-v
47
46%
■
%."
'
5%
*134r
•
47%
: 163
163
7
5%
9
X
Jan
2% Jan'
'
'
Jan
Jan
■
A
par-
*
Aug
30%
13
May 13
2
32% Jan
par
Inspiration Cons Copper.-..
». Insuranshares Ctfs Inc
300
-; -
;
100
100
-
Sep
18%
.
5
Jan
par
No
li_.
16%
Dec
Dec
44
10
preferred^........."
Dec
13%
105
;.
par
Inland Steel Co________.i._No
400
^
10%
Ingersoll-Rand_i_:
«
—
-10%
•:
*
1
20
38% Feb
Jan
12%
;
;
18% Jan 30
Feb
Jan
115
2
1000
___No
12%
Oct
56%
99%. Jun
29
•
2
100
Industrial Rayon
100 •
400 >
9
6% Jun
i
16% Apr
3% Jan
>
100 ^
Refining...^
Deo
% Jan
,
100
J
4%.
Indianapolis P & L Co.___._No
Indian
.
:
lines
33%
'July
Jan
132%
May, 1
2% Apr 24
.
I
RR See ctfs series A
•
*59%
/
,
a
lOVa
83%
61
450
.
200
%
*155
60
Leased
May
8% Jan
96
100;,
:
...
123 %
115
3
29% May
—...KM);
IHupp Motor Car Oorp.^.j.
10
;
23 %
23%
84%
;.
11
*9%
9%
84%
10%
104
3%
11% '
preferred
x
30% Apr
,
i
5
.....
Manhattan
7
V;-" 1.800
Illinois Central RR Co..
<16% A. 100 ;:'t A. 6 % preferred series A
■
35V2
*155
6i
.
10%
20%
104
*103
84%
61-
5%
5%
*5%
20
61~
1,200
35%
*9
&
Hud Bay. Min & Sm Ltd____.No par
Hudson Motor Car.,
——No par
800
:
%
7
*16
•
5%
;
400
•
4
36%
i? *23%
*155
10%
10%
10%
*83%
83%
'
1 ss
*60%
61
*60
;
7
16%-
^
Hudson
500
; "
,
18%
3%
U
*10%
9%
24
*23%
4%
*3%
Howe Sound Co
i
900
May 21
5
25
c.__
80% July
44
22%' Mar 21
Household Finance*.^
—No par
5% preferred,..—____100.
Houston Oil of Texas v t
600
1
*3%
10%
*9%
24
83%
85
*83%
*155
•'
10%
9%
33%
*18
4
3,000
*35%
3%
*3%
11
*23%
24
*23%
3%
*10%
9%
*10%
4%
7
37
*3%
'
18
;;
tfi. 16%
17 r.»
*36
3%
*%
4
v
*16%
*3%
33%
*%
7%
3
33%
3%
18
4
ig
7%
3
%
18%.
4
*%
7
7
34
3%
18:%
4
3
3
1
18%
4
4%
%
3%
,1
4%
*
18%
*3%
*33%
1%
18 %
4%
*18
33
*1
1%
2%
3%
July
16%
Dec
132
,
Class B_—.t—vNo par
»,
300
.
107 %
1
,168
Deo
Apr
13% Jan
r- Jan
Jan
65%
12
27
96
150
14% July 23
l
Sep
Sep
Dec
;
102% Jan
13% May 26
111% Feb 27
Jan
8%
,,10%
26% Aug 20
-—No par
3%
06
2
Mar 21
7 %
700
v
50%
28
Jan
13
11
Deo
12% Feb 24
5
,
Mar
Feb
72
14% Jan i 2
Jan
6
;
e
_10
preferred*——...
JOGi
1,700 ' / Homestake Mining..;.-.
^..i—12.50
300
(
Houdaille-Hershey, cl A
—No par:
-.
.
9
,
Feb
158
9
28
Apr 27
'
1%
July 13
12% Mar 11
1
Holly Sugar Corp..,:
58
May,- 4
79
____10,
Hollander & Sons <A
...
Dec
Mar
(Del)...
101
Jun
5
;,30%
'
*113
♦113
76
Feb
The..
.
...
.
14%
(C E)
./ Holland Furnace
6
19
125
_:_No par:'
No par
preferred
conv
Jan
Deo
19
100
Hinde & Dauch Paper Co.
100
,i
.
6%
14%
$4
.
Feb
6%
8% Jun 25
2
141% Apr
10% Apr
par
_
Jan
Deo
6% Feb
51
preferred
cum
92
May 12
Jan
25%
149%
1% Jan
...No par
Hershey Chocolate..
..
.
;
...
13%
*6%
14%
400
■
6%
i
3%
106%
Deo
93% Jan
45
_25
-.—-No
88
Deo
140
4
4% May
100
_■
2
I per share
Jan
12%
10
Highest
per share
100
19
Jan
4% Feb
29
t
17
16% Jan
146
7
% Jun
Jan
79% Apr 24
1
.:
Hercules Motors
Hercules Powder
t
400
10
{
25%
25%
6%
*14
•
2
W) —_-i—
<G
104
2
Jan
;
Year 1941
Lowest
$ per share
5% May 21
25
Corp—
Preferred
80
1
—
Apr
3% Mar
,..
,______100,
__
Mfg Corp...
Helme
■
300
i;
,
129%
37%
*87%
12%
129%
25%
*13%
25%
12%
60
1
tHazel-Atlas Glass Co——;
___
126
X
Range for Previous
Lots
Highest
Apr 20
12% Apr 29
par
1
100-Share
98
__._100
Hecker Products
—
*11%
60%
129%
80
56
*149
12%
*129
Hayes
2,500
152
*52%
152
60 %
129%
*36
*12%
*149
1,300
5%
i
Refrac.—No
6%% .preferred
Hayes Industries Inc
!
—
of
J per share
No par
preferred
.
'
Par
Hat Corp of Amer class A
:, i
90%
,
6%
Basis
Lowest
Co $5 pfd
Harbison-Walk
—
.
1%
5%
56
*52%-
152
.
V/s.
*90
5%
60%
*129
'
90%
5%
56
*149
1%
600
'i
r
(M A)
Hanna
i,
90
*6%
1%
X90
5%
*84
7%
,.
On
\
v
4
Range Since January
STOCK
EXCHANGE
Shares
13
*3%
NEW YORK
•
131
12%
*59
129%
*129
*52%
152
*12
12
12
90%
5%
56
*149
152
*90
13
4
90
7%
'
101%
*128
13%
*84
*6%
*5%
91
*59%
90
7%
i%
*52%
*84
*100
131
*3%
90%
•nVs
*149
13%
*128
4
Sales for
the Week
t per share
101%
1%
8
5V4
13%
131
*3%
90
*100
*6%
?6%
♦90%
*13%
Friday
Sept. 11
$ per share
share
101
*128
4
*84
90
♦84
13%
*3%
4
per
*100
131
*128
131
,♦3%
$
101
13%
13%
*13%
♦128
STOCKS
Thursday
Sept. 10
Sept.!)
S per shart
$ per share
PRICES
Wednesday
Tuesday
Sept. 5
Monday, September 14, 1942
79% Jan
3
64%
Dec
86% July
20
6%
Deo
14
May 20
7% Aug 13
'■
Jan
11
Jan
122
Nov
128
Feb
Aug
Sep
■■
K
*9%
9%
*9%
*122
23%
*6%
9%
*95%
:
9%
♦122
4%
*89
9%
5
24%
*122
■
?•
24%
'
7%
*6%
*87
90
9%
*9%
102
9%
*95%
~5%
5%
25
9%
102:
90
9%
*96:
.
*24%
7%
*6%
*87%
9%
*9%
102
11%
11%
*11%
12%
*11%
12%
*5%
6%
*5%
6%
*5%
*122
v,6:5.%<: .51%.
25
*6%
*87%
t
9%
*122
5%
125
7%
9°
9%
*98
6%
-*1J.%
-
5%..
7
90,
9%
102
24%
v
Stove &
103%
30 %
30%
♦102%
30
103%
30%
*6%
7
<
*9
■'
*98
9%
300
102
u
>
*11%
12%
4%
5%
5%
400
5%
•
:
103%
103%
103%
30%
30%
29%
30%
15
*14%
14%
14%
26%
26%
*25%
27%
*25%
28
*1%
1%
1%
1%
*1%
2
*14%
*30%
32
*19%
19%
19%
2%
*2%
*2%
*22%
*30%
23
12 %
12
*30%
*26%
35
16%
*10%
23%
%
11%
*30%
16%
16
10%
10%
23%
23%
19 %
*19
*19
106
*105
.
19%
♦105
30%
*19 %
2%
31%
19%
14%
28
*1%
2
*30%
32
19%
27%
2%
2%
2%
22%
*22%
32%
27%
27%
26%
-27
29 V*
;
y:
'
10
29%
f.
14%
14%
A
y:
500
*25%
26%
•<
)
100
li
100
*1%.
2 ;
31
*
31
*19%
27
4,800
70
19%
*2%.
2%
22%
'
V',
500
200
22%
'
27
700
11%
*11
12
*11%
12
*11%
34
*31
34
*31
■
12
*31
34
16%
15%
10%
23%
19%
106
*10%
■
,
15%
15%
v
16%
16%
20
Kendall Co $5
Kress
'
(S H)
& Co
Laclede Gas
Lt Co
11%
100
Lane
24 %
24%
*24
24%
700
Lee
19
19
19
19
19
700
Lehigh
106
106
X106
106
100
4% conv preferred.,
JLehigh Valley RR
Lehigh Valley Coal
106
1%
1%
1%
1%
♦14%
15%
14%
14%
14%
21
21%
21
*2%
2%
2%
1
2%
2%
1%
1
14%
14
2%
1
14%
700
2,800
Bryant
Rubber &
1,000
6%
1,100
Lehman
21%
21%
13%
13%
13%
*13%
13%
*13%
13%
*13%
13%
100
Lehn & Fink Prod
*21%
22%
*21%
22%
*22
22JA
200
Lerner Stores
26%
26%
26%
26%
26
26 %
2,200
4%
4ya
4'A
4%
4%
2,500
•21 %
22 %
22
22
26%
26%
26%
26%
*4%
4%
For footnotes
4%
see
page 931.
4%
20 7
8
4%
21.
Corp
Corp
9
,<26%
6
Jun
2 *
11% Apr
<
9
24% Jun
'
25
1% Jan
15
'30% Sep 14
17
Mar 31
15
2% Jun
par
__5
100
50
No
par
__50
1
....
No
5
par
No par
7
Deo
Jun
-
25
Aug 21
5
11% Feb
100% Jan
9% Sep
5
■
May 19
12% Mar 16
7% Apr
7
9%
100
-
6 %
-
95
12%
-
.
6
Dec
22%
Aug
14% Aug
Dec
Mar
104%
Jan
Dec
9
Aug
Dec
121%
Apr
0%
Dec
4%
Deo
18
I
3
14% Sep
10
29
30%
Dec
• -
106
.
■
Jan
„■
'
S-
Mar
•39% July
11%
Dec
14% July
25
Dec
38
Jan
3
Feb
5
1%
Dec
3% July
40% Feb
5
23%
Feb
40% July
22% Jan
9
Dec
26%, Sep
2%
3% Jan 23
21
2%
Feb
Jan
-5%
Sep
13
May
8
5%
Feb
24
39% May
8
17%
Jan
45% July
16% Aug 24
10%
Dec
14%
10% Aug 24^
9
14%
Dec
Aug
27% July
23% Jan
9
19%
Apr
26%
2
27
24 V* Sep
x22% Mar
24
Feb
7
Jan
28% Aug
29%
17%
13
Jan
Sep
Sep
.
Oct
4
113
Jan
16
107%
Dec
116%
Jan
2
4
Jan
26
1%
Jan
5%
Aug
1% Jan 20
%
Feb
15% Aug 18
2%
Feb
21% Aug 19
17% Apr
11% Apr
17
24
14% Aug 31
18
Apr
29
22
20 % Jan
5
Mar
Feb
.
29
'
% May 25
7
8% Jan
4
98%
Jan
8%
5
8% Mar 17
Aug
2% Jun
37% Jan
Aug
•
29% Jan
15
18% May 29
104
105 »/4 Jan 20
Jan
121% Mar
Dec
13%
-
13
100
2
2
i 15% Apr
25
4%
xl 16%
Jan
19% May
7
22% Apr 29
par
(The)
Corp
24
May
7% Apr
21% Apr
11% Jan
Cement.
Libbey Owens Ford G1
Libby McNeill & Libby—
7
10% Apr
4% Jan
100
par
100
preferred
21
21
Jan
9
3
5% Aug 24
"J
100
Tire
Portland
conv
May 18
No
*10st
24%
17
Apr
—No
(The)
19
14%
21
St Louis
preferred..—
Lambert Co
24
♦105
i
May 26
9% July
120% Mar
J
Kroger Grocery At Bak.__i.__No par
11%
*14%
*13%
No
*10%
1 '/'a
93% July 23
7'
No par
;
Kennecbtt CopperJi
>_.__No par
i
Keystone Steel Si W Co——No par
i Kimberly-Clark.1.....
—No
par
Kinney <G R) Co—
__:.l
<
$5 prior prefeired_.:_..i_No par'
Kresge <S S) Co
;
10
t' Kresge Dept Stores..
:_1
5%
1,000
t
6 4
pt pfd A
10%
2%
2%
16
.•
300
34
1%
.
19%
2%
2%
*2%
14%
,*25%
„•
22%
23
27
27
31
14%
*102% 103%
»
2
16*
...5
■
17
85
100
■'1'.•
10
Mar
:
1
Kayser (J) & Co
Kelth-Albee-Orpheum
Feb
2% Jan
v
100
Stores—.'
preferred..
.1.—i
conv
117
•'
preferred.100
:•
Kelsey Hayes Wh'l conv cl A
1
% Class B...:
1
1
100
6
5
par
City Southern...—No
preferred
Kaufmann Dept
*87%
12
*102%
•
•
10
par
Kansas
•'
*102%
Furn...
Kan City P & L pf ser B—No
*5
24%
Kalamazoo
12
xl9
Dec
2% July
14%
24%
Sep
Sept
11%
Dec
Jun
8
18%
Dec
27%
Sep
26% Sep
8
19%
Dec
45%
Jan
5% Jan 20
3%
Dec
7%
Jan
14%
Nov
■
Sept. 5
f per
(
share
t
S per share
,,
*28
28'A
*28
58%
*57
58%
59%
59%
59%
59'A
173%
173%
*173
22%
23
22%
*25
26
*24%
26
*32
33
*32%
*1174
12
*14
14%
14
14
26
1174
*22lA
''
;
'
32%
:
-
€■
v.::
42%
35
42 %
35%
4274
€
15%
v
V
■'
14%
„
i
100
.
'
8,400
•'
42%
€
-
74% Jan
164% Apr
16
1,000
374
500
17%
Lone Star
..
175
Jan
96%
Jan
Nov
98
Jan
189
Jan
21
Jun
30
Jan
37%
Jan
Jun
'
17%
Dec
•
X20%
Deo
174
2274 Sep
2
22% Jun
23
32% Feb
4
-
,
■
Jan
21
2
12% Sep
10
11% Mays 1
15% Jan
3.
14® 8 May 20
24% Jan
6
-
par
37
2
45% Aug
1
-
16
42Va Jan
28
-
4 74 Jan
24
18% Feb
6
34
25% May 21
par
9% Jan
par
J—No
1
Jan
Dec
64%
6
14
No par
L-No
39
64%
-
-
16% Apr
i.
Jan
;
>31% Jun
Cement-Corpx—No par
Highest
1 per share
Nov
32%
5
y.l
J-~.No
Refining Co
Inc
3
Jan
73% Jan 12
29
—No par
Liquid Carbonic- Corp__
Lockheed Aircraft Corp
Loew's
-1,100
•
"*1774
V
—
13%
230
«
200
•
'>•<:
13%
60
.
!
•
60
Lorillard
<7%
1.-.
preferred!
Louisville Gas & El A_:;
€*18 € 19
■•€':
*124 € 126% <
30
6%
V
1,400
Mack
Trucks Inc__i
-
1,100
Macy
(R H)
1
100
Madison
'•
100
Magma
27
Mar'13
11% Apr
128
...No par
__J
& Nashville
MacAndfews
.
Mar
15
.TOO
•
200
.
25
__10
Co
Louisville
>' ■:
2%
No par
.
Biscuit..!
(P)
800
'
60
Loose-Wiies
400
1
142
•
Long Bell Lumber A
2,700
'
15'A
141
V
14
•
60
'
'•'
145
"*1374
,6074
■
"/,:€ € ' €15
15
€*142
14
14
*60
:
1874 *
1474
:v'
■
60
Link Belt Co—a
Lion Oil
33
13
18
50% Apr
•—_No par''
i
Mar
50 Va Apr
.100
Lima Locomotive Wks
1774
'■
V
3%
*374
"*
y
145
*141
60%
*14
20
Year 1941
f per share
25
_
♦
' 3574
;
35
...j.
Lily Tulip Cup Corrp
.
*3%
35 VH ' 7
tPrelerred
900
18%
'
'
3%'
18 V4:
15
.:
142%
142 °
18
5
Range for Previous
Lowest
$ per share
share
per
1
Lots
Highest
w25
*
i
200
■
,
14%
42
t
_
„
200
V
12
•4274
X35
X
*3%
15 "A
GO
60
35
200
32 74
*13%
18%.":"
18%
42%
'*1774
18%
15%
14%
*1374
j:
14%
"
,
'
*17%
V
142
; 142
n3'A
i
100-Sliare
X29
May
Dec
13
19%
28
1374 July
Apr
9%
1674
Jan
31%
Sep
Apr
•
May
35-
Apr
-
-
Oct
3974
♦
45'/a July
'
3%
3%
V
18%
15
15
32%
113A "
32%
'
•
24
.12%
•
3%
*374
s
24
5'
*3274
......
1874
35
42%
35%
*17%
:
'
1274
14%'
18'A
-
'
,
■
12%
.
20
22 Va
'.'*22'A
•25%
■
Par
Series B
•
of
Lowest
,
Life Savers Corp
boo
174%
*171%
?
■22%
*24%
32%
*1374
1874
18
42%
*35
22%
-
12
'
*42'A
171%
:
Basis
On
Liggett & Myers Tobacco
!
'
18%
17%
60
'
22'%
*25
33'A
1174
*22 V4
:
:V.
57%
*59'A
Xl71»/a
174%-
Shares
29
*56
59%
*173
174%
.
*28
59%
*57
59%
V
Range Since January
STOCK
YORK
EXCHANGE
100
29
57%
*28
58%
*57
Sept. 11
59%
28 V*
28 %
28%
*56%
NEW
for
the Week
$ per share
$ per share
per share
Sales
Friday
"""
Sept. 10
Sept. 9
Sept. 8
sftara
per
Thursday
Tuesday
Sept. 7
.
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
FINANCIAL CHRONICLE
THE COMMERCIAL' &
Number 4107
.Volume 156
29
13%
1274
149
Jan
30
11% Apr ;
9
>18% Jan
8
2
<76% Jan
26
23% Jan
12
15
Dec
60
-
■
Feb
■
19
Sep
•
Jan
1974
*
Dec
142%
-
•
«
Dec
•
Dec
3%
Jan
•
55% Sep
-100
<
-
T6% July 29
30
Mar
Dec
174
Jan
162
22
-
,
Sep
<
Nov
74%
M
'(>17%
2874
20
29
28%
2874
20
v
29
10'A
*10%
10%
*2174
22'A
2174
*21%
*2%
3%
*2%
3 74
*
*5%
6
6
'
5 %
13%
*12%
6
174
*1%
*12%
13%
*174
1%
1%
'tf-
9 V
< 9 V
2%
3%
Vv:
*25%
26
26
26
*19%
20
20 *
*25%
26%
25%
25%
-26%
*19%
2074
€*19%
20%
*19 >:
20
24%
24%
♦23%
23%
16574
165%
€r?:: V:vv
24
i6a.;.v€
13%
*83'/a
♦13%
87;
87
11 'A
1%
;
14
*83'/a
87
12
€>•11%
103
11%
€11%
V
500
Masonite
400
Master
900
Mathieson
.
50
12%
12%
12%
*109%
110
12%
12%
•
*96'A
101%
*96%
101%
*6%
6 Va
.U 6%
*65 V*
66 Va
6%
66%
*59
62
66
Va
i-
V
25%
€
*26'/a
26
*28%
29%
*5'A
5'A
6%€
€
-
25
vV;
$6 1st cum preferred-.4
McCall
Stores
600
.
J
McGraw- Elec Co..'
•'
,
62
25 %
McLellan
V.
S6
20
200
5 %
26% i
29 Va
5%
€
<
2
...*17%
€
€
::§y
447/a
104
*108%
*11%'
<11%
U
*%;/-i;
18%
45 Va
.-<■
200
Mesta
Machine
Miami
16
i
.v
44%
45%
105
'
109
goo
*
115'A
'
yV'.'j.t'-Vij. 2
€X'€;iq; •
r
2
*57%
500
59% A
15 y3
*116
108%
30'A
•107%
15%
•'./ *74%
V *114:
108%
30%
31%
35l/a
|*32%
36
18
€18%
18%
*8%
874
8%
v
11%
■4Muvt
ii;
\k
€*%
■
7
-
26'A Jan
Sep
Jan
6
-
6% Jan
6
-
16
.
24% Jan
39% Jan
6
274
5 V4
Jan
11'A
Jan
Dec
177A
Sep
x20%
Dec
32 Va
Sep
3%
Dec
1274
Jan
28 7'a
Jan
33A
11
•
•
19
May
21%
•
-
Dec
24 V»
6-
Jan
Dec
17a May
Dec
.
May
171
13
46'A Jan
7
Jun
28
Sep
Sep
31%
176
Aug
:
120
•
2®/a
»ii3
.
120
30%
•
*32
-
18
•■"*8%
*15 74 > 16
'*$
119
£ x2974
*33
36
.'>17%
preferred.....
>8%
*8 74
€
11%
11%
•11%
12
•21%
22%
22%
22%
*22%
23%
*33
*2 Vs
2%
v
36
17%
''8%
100
*2%
57
-v
55.
56"
.
56
W 5
5 %
>
*33%
35
*55
-■
*2
€2%
57
14
13%
13%
56%
56%
5%
5%
*33 Va
35
14 •:€
.*13%.
-Z—No par:.
No
B__
par
Feb
10974
13 %
Dec
25'/a
Jan
Dec
9 'A
July
Dec
37%
Sep
15'A
Sep
,
6
26%
9%'
Dec
Aug
Nov
110
Nov
Sep
11
14
5%
Dec
874
Sep
5
101 Vt
Apr
109'A
Jan
7
5
Dec
Jan
7»A May
.103
Dec
,v
9% July
77
Mar 24
70 Va
72
Feb
3
54
<32
Jan
2. €
27'A May
3374
Oct
Mar
Dec
82
July
71
Aug
57A Mar 23
3'A
Feb
6 74
Dec
267A Mar 24
.
21%
Feb
29'A
Sep
14
Feb
3074
Apr
24
Dec
37
Jan
29Va Jan
15
30Va Jan
17
16
7 Va Jan
14
,,
50
Essex
&
No.par
:Motor
Wheel
Mueller
300
Brass
Corp
5
Co_i_.__-.L_-.—_^__1
700
57
10
14
200
$7 preferred
......No par
Munsingwear Inci___i_l_—.No-.p&r
56%
300
Murphy Co
5674
v
*33%
3
Murray
35
*274
"5%
Mullins Mfg Co, class
j.
800
(v:
5 Va
5V»
w
35
12 Ve Mar 12
.
4%
Dec
16'A May 18
88'A Apr 30
35 72 Jan
2
103 Va Jan 19
xl073A May 19
l7AMay21
.4 57'A Jun 26*
B———1
(G C)Z—.—2..No pat.
4.-10
Z-No par
Corp of America.!
& Bro
Myers
(F E)
Nabco
Liquidating Co—
23% Jan
4,
t'
45'A Sep
107% Apr
974
Jan
17
;
Dec
Nov
105%
Dec
*1%
24. i
38 74
Dec
86
34
11
1774 July
,125
45 74
112
Dec
Jan
Jan
Jan
4 3'A
Jan
67:
13
Oct
Mar
4,
Jan
Dec
7974 July
Feb
52
v
4'A
15%
•' '.€
12% Aug 17
■
974
% Jan 26
2% Apr : 7
16 < Sep
8.
•
2
A Jan
%
Oct
iv
Dec
>0
..
May l5
66
t
Mar
110 % July 20.
1% Jan{ 2
1274 Feb 27
;
14
102%: July 14.
;
4 /874 Apr 28
y-'i-
13
16 3A Aug 18
r
.
7
112
Mar
16
115
110:
May
8
115
May
1
119
6lA
9%
0: 20%
;
2
110% Jan
6.
13174 Jun
"
Aug
1774 Aug
94 V
Sep
Mar
118%
Sep
Mar
123
Aug
Jun
108.%
4
July
113%
Oct
'
24%
Dec
3974
Jan
42% Mar 12.
35%
Dec
43 74
Jan
29 74 Mar 25.
21%
Dec
30 Va
Aug
Jan- 2 4 "€ 9VB Aug 31
12% Jan 30.
Apr 23
25®/s Jan 20
Aug. 27.'3% Jan 20
Sep 11
5Va
Dec
12
Jan
9'/a
Dec
1774
Jan
18% May
24'/a
4: 15V2July23
j
Feb
77
10
117%' Feb
Oct
1
374
Dec
12%
Jan
91
.
series
2
.5%
*33%
——i_10
Co
J2
*13%
56%
5 74
5%
35
<.100
20 I
23
A
57
1: *56
v:
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s...
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56
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13%
2%
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55
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103 %
.
May
7 'A Jail
108
28
Apr
16
>13% Aug 28
109
Jan
14 7a
Dec
16
Apr. 15
5
107
Apr
Dec
28
8
,
6
Aug 20
Feb
1
Jan
•4,':'•" •:*.
■'
•23
22%
'
■
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v-•
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300
11%
u%
series
preferred
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420
ir 8%
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7,200
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i
:
CL-.2—No pat
102y2Aprr28:
Montg Ward & Co Inc
..No par 4 < 23% Apr: 24
Morrell (J) & Co...
1
No par
4 36
Aug 26 :
: $4
€ 20
2974 €
'29Va
/
■j, $4.50 pfeferredw—
<
par
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Chemical
^Monsanto
Preferred
103 V*
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preferred, series A_i
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L
119
>••
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l.ooo
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.
7 %
300
:
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Mo-Kan-Texas RR
.115% €
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18
12
2
6
24 5A Apr
;
Dec
Jan
28
8
34% Jun
May 20
21-
5
preferred__.ti___.il00;
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Mission Corp
4,300
...
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30%
18%
■
r,
75JA
*113 A
-
108%'
36
8
Sep
27A
Dec
127a
6
Jan
20
Apr
?_10
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1st
300
11% v
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115%
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31%
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v
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115 >A
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75
-
16
74%
•
.
5
^
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Petroleum
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cum
$6.50
'
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76%.
i-'
2%
2%
:2%
;
3,08%
5674
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90
28
Jan
Dec
1
15%
6
11% Aug 24
14
Aug
7
62
Sep
8
20% Jun 27
4JA Jan. 2
22V»Jun 24
par
Mar
90% Jan
65
;
40'A
1% Aug 26
18
6
50
Co..J..No
Co
;
600
% €-
v
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120
*33%
3
3
5'A Jun
Minn-Honeywell Regu
No par
4 4% conv pfd series B
^100
4%% preferred series C
..100
Minn Moiine Power Impl___
J
1
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5y
vs
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40
'
■
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100
18®/a
99'/a
11%
f
n
€
75 %
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115%
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v
2II
16
75%
;;
•
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5
12% Jan
.i
94-
;__1
Copper:
Mid-Continent
2,200
v
v1. *108 \\
V;
1% € 1%
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:
i6
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105
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60
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-
45'/a
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€
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n
%€ 2%
11%
2®/e
2%
16
76
13%
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17
9% Jan
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I
Apr
101
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..^__1
1st .preferred.....
Merch
V
4
1
(The)
500
(
5x/a
15%
98%
9
:*
*57
-
110
28 Va
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•
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conv
'V;-
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16%
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19
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60
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59
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774
Apr
31
28 4-May 11
.100
Corp
:;2oo
v
i.€28%
16'/a
100
26
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.
i
16
16
v,104
2
*11%
47'8
Dec
74
-
Feb
12%
•
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6Va Jan.
No par
Shoe
Mengel
210
*474
26%
*5 Va
*44%
44
44
-
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1%
5y8
15
26
10% Sep
99% Aug .21)
100
preferred
preferred series A.
200
5 V
28 %
V- *98.
100
110
18
30
6 ;
Mar
14
w.18
Inc .J
$5.50 pfd ser B w w
Melville
1,900
.26%
■'
45
*32
4«A Jan
Jun.' 2
9 »
5 :
Co__.__
Stores
cony
Mead Corp
v
5 y8>
*
29 y8
"5%
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104
30%
Aug
July
3
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^..100)
preferred...
:€5%%
1,100'
70
V
29 V8
18%
100
*108%
*107%
31
5
.....No par,
McKesson & Robbins
6%
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26
18%
vv.
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Dec
29
.10
_-_._l
J
500
y
Apr
l%Jan
1
6
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1674
110
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176
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No par
McCrory Stores Corp..
;6% conv preferred
109
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26
16 3 a
104
.
31
par
r___..__l.
Corp
i
101%
25
*26'/a
16
*108'A
75
•
27% Feb
10
No
*3,200
T
ioo
64
5%
5Va
5%
i
18%
*15%
28
1% Jan
20
No par
preferred—
•£
70
25 ^ €
474
;;;
26%
5'/a
29%
*28
y
99%
>;•- 2%<-.
27% Jan
-
Apr
Mclntyre Porcupine Mines.4
*65V4
62
25
26
*103®/#
-
Sep
147A
1
162
Stores
Department
$3
300
6%
6%:
26%
€
26%
*25
16%
11%
2974
Feb
>
...10Q
900
*
*1%
preferred
Maytag Co
7
!
■
f
■
12%
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*47/a
26
26%
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*57
Dec
11
19% July 28
;
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17%
6'A Jan
19 S Aug 31
y
Jan
35%
-
167'a Jan
4
:
22% May
par
4.14
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M
33
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62
24 3A
62 -V
25
V 5
•
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Co
Alkali
'
26
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Elec
■£, 3'ASep
138 >
i
-
% Mar 27
par
McGraw-Hill Pub Co
574
€
'
9934'
Corp^-j
Jan
i
5
•
274 Jun ; 4
4% Jan 4 2
I.. £: 8% Apr :17
^..1.
4 1774 May 20
Co___.€
31 ®A
Dec
Apr
23%
22
May: 2
1174 May 18
-No par
600
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109
0
101%
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70
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62
7 Va
12%
v
.0
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6%
6%
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111
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;
6
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,
•
400
f
19%
7 %
32%
111
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,
5%
19%
32%
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500
100
> 103
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V
20
12%
12%
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103
;
33
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7%
300
11 %V
11 Va;
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16
Martin-Parry
5 '
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-
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21% Jan
5^
preferred-.lOO
pr
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L)
(Glenn
1
1174
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v:
7%
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7%
32 Ve
7
6
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Martin
.
i
19
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10'/a Aug 25 €
20 ' May 4
27a May 22
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Corp
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€
nm
87 V(
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ll'/a
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20
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•
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103 €
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20
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f
=
1,100
l%
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26
2,500
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1%
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'
11%
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20
87
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V
-
11%
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20
40-
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k101
40
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•
169
165%
30
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3574 Jan
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*
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174
12'/a
1974'
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40
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40
40
39%
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-
-
Midland
Marshall
131
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t 3
17 Va Apr
Co.
__1
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i
26%
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3%
20
3%
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20
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3%
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9
3%
20%
3%
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9
;
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1':
Apr .27
2774 Aug
.
Sugar
Marine
3,400
•
20%
-9
9%
-
par
Maracaibo Oil Exploration
10%
-'
•.<-20%
20%
24,0
•'
15 Vu Apr »
124
:
Manhattan Shirt
€ 3
274
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:
10
20%
3 74
169
10
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Co InC;
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13%
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100
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v
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274-3
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•
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:
10%
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3
2%
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V
h *10%
•
22
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3
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13%
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20
19'/a
19%'
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•
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19%
22%
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V
10%'
10%
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.
20
19
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V
126%
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124%-
124%
19
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18
18
18
126
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.
1%
•
Feb
63
2
50
Jan
t.
HVa Jan,
- ; 49'
May
4
43A Jan,
30% Jun
7
6
2
2
>15% Aug
61%
20
39 ®A Feb
.
6
5®A Jan
7
Apr
4 v" Dec
Dec
July
153A 'Nov
9®A May
4.
69 3A Jan
74
Feb
46
4
474 July
Dec
•7474
Sep
874
Jan
Dec
5174
Jan
1®A
Dec
1974
Dec
3
Dec
34
;
N
274
274
574
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5%
274
€
274
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3
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2274
;
574
>: ■ 22%
,
157'a
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•
4
3%
•
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15'A
163
6
V
57a
23
6.
22
€
15%
15%
jr
15%
*3%
4
'
23
22 74
lU
6
>
Nash-Kelvinator
8,500
€ ;.•
€ 23
'
3%
"374
3%
1,400
National
.
7%
;.■;■■• *774
7%
774
7%
7%
1574
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•
15%
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15%
7
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w-
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160
1374
1374
t.:.'■•■; 474
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v
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1 *1374
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66
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v-v
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160
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f *1374
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4,100
7%
:
*i3%vi4% ;
14 Va~?
4 74
17%-""
•;•■
Nat
300
(;;;'•
13% May 26
1
18
Biscuit
!_10
140
May
17
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-
974
2574
4
374
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66%
7%
v
;...
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7 74
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;
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100
:
4
67
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974
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67
67
67
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4 24.74 > 25%
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:
100
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12% Apr
1.10
3% Jan
v
.' "
4,000
•
i-.
Dec
9
6%
Dec
11
Dec
18%
Jan
14
160% May
175 74
Jan
12%
Dec
1774
Jan
374
Dec
974
Apr
6
26
4
•
_____!_10
8% May
17% Apr
17
37A Apr
60
No par
Jan
Dec
1474 July
7%
Dec
11
1674
10
Jun
374
Dec
7%
Feb
10 74
v
25 ®A Aug
16% Apr
28
4% Jan
72
2
5
»•'
'•
1374
-
161
137%
v€V; " .y
165 Va
13774
14%
■
...
v-
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.
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13%
13
,
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__
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€
•
14%
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13%
__
.
.
•
33%
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15%
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1%
1474
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■
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139 V.;.
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2574
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2074
Sep
Dec
8%
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58%
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9374
Jan
174
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7
31 >%
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:
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10
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s
preferred A.'
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:
i_10
:
100
__100
€
500
C ' '.a
Nat Mall & St'l Cast Co—No
100
15 74
31%:
>.'•
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15
32-
-
National Lead
1,700
**•'
National Oil Products
2,200
174
par
>
11% Apr 25.
145
May
129,
Mar 17,
13% July
6
2'
48
48
4
474
*5374
54%
.
57%
57%
774
-
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•
-
7
;•
48%
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__
__
__,
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__
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--
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__
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10%
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48%
474
10%
54%
59
V,
48'%
4%
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54%
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48%
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10%
54%
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'5474
59
7%
__
2%
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7
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274
2%
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7%
7%
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774
7%
:
*
10 lA 4 10%
5474
r
V
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National
1,000
-
■1
National Supply
''
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-
V
200
70
7
*774
774
<■
X
'V
12%
29
160Va
Dec
176
Jan
Jan
138
-
Nov
154
Jan
14%
Dec
24
26
Feb
36
300
<
National Tea Co
Po
Nehi Corp
17% Mar 17"
35
Jan
20
28
...No* par
1% Apr
16
3% Jan
5
25
^.10
__40
1100
,100
43% May 28
53% Feb
5
May 14
6% Jan
28
10
16% Feb
25'
274 Mar 30
COrp
conv
Natomas
400
Steel
T
29»/a Apr
(The) Pa:
preferred
.
5%% prior preferred
6%
prior preferred..
$2
'
57'% j 57 74
274
7%
•'
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.
59
7
'
1,300
48
;.V:4 74,V"-4%
474
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*274
-
47%
48%'
4%
10%
12
Jan
No par
National Power & Lt
1
—
,_No par
—No par
.4
9®4 Jun
Sep
16% Jan
146
Co...—_ww_4
-
19%
Sep
168
'
:
•
r *
v
Sep
Apr
'
11
Mar
Sep
Sep
\
17
1
3'
8
3®A
22'
r
*13%
Jan
12%
9% Aug 21'
24.
14 % Mar
1
x
Sep
5®A Aug 21
15% Aug 25w
9
:
Stamping-w.—No par
$4.50 conv preferred—
Feb
5% Jan
17
,
4% Jan
Jan
5%
9'A Jan
•v-
Jan
13%
17% Sep
>Jan
7%
6
2
7
'
:
11
May 13
12% Apr 30
11
National Gypsum CoJ.—__—;—.1
40
:
;
Dec
19
*
( €
Dec
2%
Jan
>
—No par
preferred
Jan
13%
€15
2
Nat Distillers Prod^
.Nat Enam &
Sep
23:
5
9
166% Jan
23
Corp
Cash Register—
V 6%
.
4,700
t
7
*147'aC-15lA
■V •; ■ 374 ,,. 4
•15%
Share
-No par.
Co..—.1
Nat Dairy Products—__.__._No par
National Dept Stores.—.—No par
2,900
*574/::"-574
■;
&
National Cylinder, Gas
400
■
15V4
•'1
25%
Nat
2,800
17'A
"
7%
574 V 574
*15
V V. 17' V
17%
Bond
23%
8'A Jan
1
1
preferred——
Jan
Jan
16-
5
100
Co
May
14%
7% Jun
5
6'A May 16
13
574 July
5
4% Jun
24
574 Jan
.10
,__5
Corp—
Apr
3
1
preferred.'.
Aviation
National Can
1,700
474
474
4 % .%■•
15%V~€€15%;vr5%-v>*'. 15 7A'
€€: *9%
15%
€:•€ 66%
—-
15%
v
25%
4
__
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974
2474
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—
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4
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1574
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.25
25
17%
7%
15%
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— —
974
♦9%,
*1474
17%
'
■:
5%
*574
17
*774
>>
15%
*15
conv
National
400
1574
15%..
15
6%
100
■;:€
7 74 €
*674
'
17
!
6'A Aug 22
24% Feb
'
;•
4%
-
Co
Acme
x
; 37a July 14
2
16'/a May 27.
100
:
6
374 Jan
i__5
Louis
Nat Automotive Fibres Inc.—:
300
4
"
4%
1% Jan
No par
Corp....,
St.
&
'
m'
1374
*13%
Chatt
Nash
380
15%-; 15% yy
*15% " 1577
4
*7
774
15
X vV- 574
■;■■:
23
*7
7%
*674
6
23
600
'
'
15%
1574
*158
.■
2 Va
42
-
Dec
Dec
Dec
4
Dec
8%
Feb
J
Dec
774 Mar
68 Va
Jan
774 July
1674
Nov
63
Feb:
6
68
4574 May 22-
41
Sep
51
70
Feb
5
43
Feb
7574
Sep
37a Jun
6
2
Dec
5
6
4
8%
Dec
11%
Oct
6%
Dec
974
Apr
May 19
67# Apr
28
9% Feb
574 Mar
7
7% Jun
Feb
Feb
Sept. 7
S
I per share
$ per
share
per
15
14%
*74
74%
74%
*34
109%
35%
*34
109%
*108
*108
38
24%
24%
24%
*23%
7%
7%
7%
*7%
19
500
.
24%
7%
1,100
28%
8%
9
13%
*12%
13
9
39%
39%
14%
14%
5%
*4%
*13%
*63
f
65
90
33
90
32%
*%
w
2
63
%
158%
159
159%
'112
161
113%
f
7%
91%
*90
6%
*109%
in
46%
r
110%
110%
92
"110%
110%
1,000
11
*90
110%
11%
*10%
11%
39%
2
*36%
30
*27
24
68%
*3
*3
14%
*14
"44
.48
49%
49%
%
68%
3%
*3
*140%
44%
49%
50
-
8%
*8%
5%
5%
*5
5%
*5
8%
5%
20%
20%
20%
19
19%
*19
19%
13%
13%
13%
13%
13
13%
17%
17 %
17%
17%:
18%
18%
8%
8V8
8
*5%
*17%
*18V8
18'A
*26%
27
*26%
27
16
16%
*16
lu
*2
80%
80%
80%
142%
*141%
2
2%
2%
6%
*6%
2%
2%
2%
*2Va
2%
17%
17%
,'17%
18%
17%
V
104%
1%
104%
♦90
104
*1%"
...
3
35
Sep
32%
Jan
,30%
Jan
108
Mar
115
Jan
10
10% Jan
Dec
Feb
25
Apr
39
119%
109
9%
26
Apr
14
Jan
Jan
31
7
Jan
27
110% Sep
9
12% Aug
18
Mar
8
2
Gas
(Cal)
Pacific
6 f«
;.
6% Mar 27
4% Apr
57%
17%
Jan
93
"•
98
July
3%
Apr
9% Apr
17%
17%
17%
8,400
.
Packard
Pan American
104%
Motor
par
74.
121
Apr
Apr
%
15%
112%
:
15%
15
1%
1%
29 %>
*90
15%
113
1%
•
14
40%
Nov
Dec
2%
Jan
6
7%
54
;
8% Jan
104% Jan
6% Sep
17%, Jan
Dec
2% Feb
9% Dec
140
16
150
Jun
Jun
45% Dec
.
62% Dec
12%
Sep
7%
Nov
25%
7% Apr
3
Nov
1% Apr
10
;
:
29%
•
May
15%
Nov
4%
Apr
17% Sep
4
6%
Dec
11%
Jan
20
Jan
15
17%
Dec
28 %
Jan
31
Jan
17
26% Dec
40
Jan
18% Feb
25
11
"Feb
19%
Aug
95
Dec
126
147% Apr
163
13% Sep
27
5v
3'
8
101
Jan
2
148
25
4
Jan
7
*28%
8
1%
4%
Jan
2
6% Aug 31
4%
Dec
9%
Aug
2
2 % Jan
6
1%
Dec
3%
5
11% Apr
23
Airways Corp.
1% Mar.,
170
Panhandle Prod & Ref.
Parafflne
2% Jan
6
104 '
8% Jan
104 Va Sep
Sep ; 2
No
InC—
par
2
Jan
20% Apr
.,
,
28
*90
'•
105
16
15%
16
114
4%
preferred———.
conv
Paramount
10,200
113%:
"
1,000
6%
Pictures
1
11% Apr
1
Jan
4
'
.:;"-%
19%
9
Feb
16% Aug 18
23
\
Dec ;
10
Feb
120
July 22
T%
37%
•
106
May
'
24
100% Apr
...
Dec
10
99
Jan
Jan
19%
Jan
27
100'
6
Mar
7100
Inc
1st' preferred—
90
.100
July
Dec
Apr
7%
9
1% July 29
30
"
114
114
1
1
1
10
19% Aug 18
6% July 16
&
f
29 lA
Jan
5% Jan
200
Cos
;
>
"
'1% Jan
1
200
r-
...
Aug
r
par
'
1%
Jan
,
26% Jan
56% Oct
•
38% May
3
Feb
10 July
23% July
10" Jan
54
27
6% Feb
21% Feb
•
13%
6% Feb
13% Feb
2
Dec
;
3r
Jan
27% July
Deo
__10
—No
Transp
_5
Panhandle Easfc'n Pipe Line Co. 100
104%
*1%
105
15%
113
•
1%
Oct
Jun
Dec
21
10
24% Aug 28
48 ; Mar 28
13% Jan
Corp...
Car
Petrol
Pan-Amer
7%
*7
..104% i';
3,800
■
Oil
Pacific Western
100
2% ;
Aug
113% Nov
Jan
7%
8% Aug 15
28:
22 V, Apr 27
Pacific Tin Consol'd Corp.—
1,600
6%
i
Sep
8%
Dec
Dec
34
25% July 17
6% Jan 12
79
Jan
9
4% Jun 29
15% Aug 22
142
Jan 2
27
28:
Jan
7
107
3
.Sep
10%. Jan
15% Apr
^..25
..—100
100
«fe Teleg—
preferred——
Dec
Dec
"
30
No par
Mills—..
Pacific Telep
4
No
Ltg Corp.;
Pacific
18
16
10
Electric.....
100
20
Feb
• Jan
2
2% Apr 28
11% Mar 12
10
400
Jan
.
59
-
—3
Co
&
*
7% Sep
2% Sep
1 6% Apr 29
17
Jan
2
' 2% Jan, 2;
.-
preferred...——.....No par
preferred
:
No par
2d
38
43% Apr 25
Pacific
Coast
1
>
Co......12.50
Glass
50%
*
14
Apr
132* Mar 20
xl6% Apr 28
42
Jun ,26
Pacific Finance Corp
1st
2
20
,'.
100
.5
.
Jan
Jan
10%
x
6
96
31% Apr 27
100
...
Owens-Illinois
400
2
•
2%
Oct;
Jan
58%
-
Apr ']
100
No paf
Outlet Co..
80
*6%
»
Jan ;
17%
Dec
50%
*
27
Jan
53
Apr 29
97/« May 21
'85% Apr 14
4% Jan
2
—.No par
—No par
-6ft preferred
Outboard Marine Si Mfg
10
-2
Oct
215
5
52% Jan
6% Mar 31
39
2.50
,90Q
»
Dec
16
No par
—50
;
...
,300
16
Dec
19
14
...50
Pacific
26%
23%
7
192
15% Apr 29
f
"179%
2
Jan
23% Jan
Mar 26
Pacific Amer Fisheries Inc.
,
<>
•-
*15
15
1%
15%
*15
"
1%
1%
1%
24%
24
24%
23%
23%
23%
13%
13%
*13%
13%
13%
13%
1 %
1
*13
^
*\l
"
-
18%
18%
18%
18%
52
52
52
52
52%
52%
72%
72%
72%
72%
2%
2%
2%
♦72%:
73%
2%
3
72%
3
3
1%
3.400
13%
500
73
19
53
i
V
3%
;
i
X71%
95% Feb '
14% Apr
Jan
Jan
16%
„
July :i.'
115%
•
Dec
*:
Dec f
Penick
&
1%
1%
1%
1%
1%
*1%
1%
1
35%
*33%
35%
*33%
35%
*33%
35%
'
*13%
14%
*13%
'105%
21%
14%
22
18%
20
.
*39
*18%
20
18%
*39%
40
*39%'
*1%
2%
*1%
20%
21%
4%
*40%
22%
21%
*21%
22
*5
*21%
42
*40%
21%
22
5%
,
5%
*5
5
'
.
5%
23%
24.
24
23%
33%
33%
33%
33%
61%
60
60
*8%
8%
71%
70.
*58%
8%
*58%
8%
*70
8%
71
*105
110
*105
110
*105
*108%
*108%
112
*108%
69%
110
115
112
*7%
*70%
35%
*1%
•
*7%
8%.
*70
78
*1%
2
8%
*7%
78
38%
38%
*54
18%
18%
*18
*29%
*4%
•60
*
30
30%
*7%
*60
8%
3%
*4%
169
*8
-
.
■■
«»-*
*166%
*166%
.
3%
3%
.
4%
.
*22%
*4
52
G47/a
8%
1%
12%
65
8%
——
—.
'
..
,
—
—
For footnotes see page 931.
34
7
*3%
30
30
*4%
*8
"*30%
65
.
31
*4%
■
5
*60
3%
5
*60
8%
65
110
38% '
7
8
*140
8
*140
57
lo
18%".
3%..
30
600
31%
*4% '.
5
'
r
400
3,500
Pillsbury Flour Mills—
Pittsburgh Coal of Pa...—
6ft
preferred
Pitts Coke & Iron Corp
'
$5 conv
65
.
200
7%
—k——:
*140
preferred
3%
4%
52
*165
3%
*4'/a
52
168
3%
4%
52
22%
63
8%
—
2
12%
*8
8%
*151%
2
xl2%
*165
168
4
4
4
Va
♦50
22
4 Va
52%
22 %
*63
64
8
8
*151%
2
12%
2
*12%
*165
3%
4%
*50
168
4
300
150
22
22
*63
65
*7%
1,100
4%
52%
200
20
8%
200
"151%
2 Va
2%
"2%
4,400
12%
12%
12%
500
Aug
36%
Dec
18%
54
Jan
%
9
Dec
'
4% Dec
24
2%
Sep
Aug
11% May
51% Feb
7
41
Dec
60% July
29% Jan
24
17
Dec
38
5
27% Jan
7
21
Jan
27%
6
Jan
13
Dec
7%
Apr
6
Jan
5
4% Dec
7%
Jan
22% May 21
28% Apr
1
32% Jan
14
23%
40% Jan
14
35%
Dec
47% July .;:
49
76% Jan 30
69
Dec
91
5
x
Apr
Mar
Apr
28
9,
27
7% Jun
24
08
—100
•
May 20
16
Jun
6% May 12
65
May
'30
Apr
27
lv 1% Feb
25
"
:
43
...100
May
15% Jan
-25
100
—100
,
3
4% July
58
6
,
2
3
May 251
26% Apr
No par
No par
10% Jan
3
55% Apr
103
Jun
24
2
27
7% Apr
29
6~
107% Mar 23
Dec
35%
1
12 Va
8% May
7
75.' Jan
5%
Oct V
Jan
July
Jan
Dec
72
105
May
-
89%
Sep
Mar
110%
Dec
108% Sep
1
9
Jan
27
4% May
9
Aug
78
Jan
17
51% May
77
July
41% Jan
2
35%
Feb
46%
2% Feb
60
Xl8% Aug 12
4% Feb
6
36% Feb
5
6% Jan
15
Jan
21
68
1%
9% Jan. 14
X
Feb
Dec
2%
27
'
4 Va
Dec
Dec
Dec
Dec
3% July
Dec
38%
13
13-
July 10
52
23%
.,
July
Jan
7% Jan
46%
Jan
8%
Jan
Dec
64
6%
84
Jan
Dec
15
Jan
Feb
19
165
Feb
19
163
Aug
166
Oct
165
May 23
175
Feb
25
174
Mar
181
Feb
3% Aug 10
No par
No par
—100
100
5%ft 1st ser conv pr pfd
100
Pittsburgh & West Va—
—100
Pitts Young & Ash Ry 7ft pfd—100
4
Pittsburgh Steel Co...
Co
(The)—
Plymouth Oil Co
No par
5
Mav
2
45% Feb
65
Jan
33% Jan
3
24%
43%
Jan
27
58
Jun
26
July 22
Jan
22
11% Jun
24
1
Jan
6
Jun
153
Dec
5
Jan
61
6% Jun >25
Dec
14
6% Jan
28
20
,,
3%
4
7 Va
5% Jan
47 V, Apr
preferred class B
5ft preferred class A
7ft
Pittston
«
28
165
Pitts Screw & Bolt
V
May 26
100
preferred
1
/ 30% July ;
Pittsburgh Forgings Co..;——1
Pitts Ft Way & Chic Ry Co—100
7ft
'
Apr
25
Apr
4
"
169
25 %
Dec
26
.100
Hosiery————5
Preferred
Dec
Jun
19% Jun
3
—10
preferred
Phoenix
57
3%
7%
3,400
2
*17%
series.—
112% Mar
Dec
17%
20
3
7% Jan
Aug
108%
Aug
2
Jan
17%
18
..No par
—No par
:r—,—100
Phillips Petroleum.——;—.No par
7ft
39%
*1%:
Corp...———
3Va
52% July
11% Dec
36
Phillips Jones Corp
8%
78.
.
preferred...
Philip Morris & Co Ltd..
Preferred 4% ft series.
Dec
34% Apr
21,
Aug 12
23% July
3
6
3% Aug
4
Phelphs-Dodge Corp——__25
tPhiladelphia Co 6% preferred—_50
$6
f
—1
...
—No par
Co
Apr
% Jan
15% Mar
of America.—.5
Pfeiffer Brewing Co
..No par
4%ft
112
*7%
*60
700
36
Petroleum Corp
Philco
500
8%
*109
2
90
50
60
*106
*70
3,700 4
"
69
69
39%
18
18
.3%
63
1%
23%
,*8%
8%
57
17%
22
*12%
ll%
*3%
64
*151%
110
23%
60
; :
8%
70
*55
17%
'
22%
*8
—-
1%
*12%
5
CI
78
39%
57
64
—
—
8%
♦151%
30
*55
22%
23%
*63
3%
*140
_
...
52
*50
.
*4%
5
65
*140
3 %
l
100_
5%
•*33%
May 15
1
21
Jan
15
,'•••
100
100
—100
Co
prior preferred
preferred
Pet Milk
22
iA—
Co.—
Pere Marquette Ry
100
'
18%
3%
*7%
2
/
•-V.V7
112
"70
39%
*1%
57
>*3%
*109
78
38%
2
57
*50
*103%
8%
*70
38%
34
Jan
•44
5
5 %
'23%
2
30
46% Jan
5%
23%
2
Jun
20
210
34
7
61%
8%
70%
1% Jan
par
Dec
1% Dec
11.
6
210
*5
3% Sep
30
40%
.
Sep
;
27
21%
V2'
89%
23% Jan
21
5
73
24% Jan
39%
*5
.
.
5
108% Feb
Pepsi-Cola
9,000
5%.,
Sep
80 Va Jan
2
21%
♦21%
54 %
2
41%
7: *4%
43% Mar
4
—
Jan
9
16% July
*4%
5%
Dec
Jan
1
55% Jan
Apr
May
18% Jan
20%
22
14%
104
4%
5
Apr
Jan
20%
9
Sand Corp——No par
21%
21%
6%
Jan
30%
!•,
1
15
56% May
1
1% Apr, 14
Peoples G L & C C (Chic)—.100
tPeoria & Eastern Ry Co
.—.100
2%
*4%
24
34%
8%
6,700
39%
*21%
23%
*70%
200
39%
*1%
21
V:
*33%
*58
300
2%
Dec
11
*40%
22
."'.5
*5%
19
Dec
%
32
4%
21%
*21%
5%
No
14%
No par
Penn G1
.
39%
21
42
21%
*4%
Cement—
24% Dec
2
5% preferred
—100
Pennsylvania RR
...—
50
Peoples Drug Stores Inc..——
5
100
'
21%
19
20
Penn-Dixie
7
July 25
1
2
Dec
20 Va Jan
44'
No par
..10
Co——....
Coke Corp..
$7 conv pref ser A
21%
*1%
21%
*4%
41%
13%
J.
&
,
1
2
13% Jan
'
5%
40 3A
13%
*105%
'7
21%
39%
2%
21%
*21%
5%
*19
40
*1%:
*4%
5
*4%
21%
21%
21%
*4%
2%
14%
"105%
21%
40
20
*13%
*105%
21%
(J C)
,
A Mar 20
FordNo par
500
1%
*33%
14%
3
Oct
17% Mar
29
13% Aug
800
Penn Coal
1%
21%
19% Apr
3,100
Penney
35%
21%
:
Patino
7,600
*1%
*13%
No par
—2.50
Co.
18
2
14
29% Jan
2
Transportation.
.No par
Mines & Enterprises—...10
1,700
3%
*33%
♦105%
1 % Jan
Jan
2% Jan
17
8
May
1
Parker Rust Proof Co
•
71%
3%
;7
Parke Davis &
15
.1
Inc....
Parmelee
1
527/8
Tilford
&
Park Utah Consol Mines..
1,500
237/8
'£"■' 18%
"
Park
100
1%
18%
53
*
23%
; :
"Hi
18%
18%
15%
*13%
■
c.]
X
18%
*52
J
*15
-
23%
13%
*1%
24
..
Jun
19
No par
j.
Telegraph—
v
,
1,400
i
7%
,104
.
1%
102
15%
15%
15%
*13%
.
Jan
•
r
•15
:•
—
82%
2% '
*7
29%
*95
112%
112
•
*28%
29%
100
*90
15%
15%
1%
29%
100
112
%
,
'
•'•••.
29 %
*28%
Lines...
Air
220
18% !•
18'A
*78%
6%
17y4
7%
104
104%
*1%
18
*7
7%
*7
2
*2
*6%
.2%
7%
2
2
7
:
*6%
2%
♦1%
iV Oct
No par
8ft preferred A—_
Oppenheim Collins....
Otis Elevator—
360
*142 "142%
80%
142%"
% Mar 11
1
'
16*
*
14
Aug
.
6%
*104%
>/,
16
Feb
Via Jan
100
900
18
26%
27
1
*141%
6%
*7
16
80
.
142 :
142
16%
142
80 '
80%
80%
"141
*26%
27
•
,
A
1%
143
...
360
!
13%
*17%
18'%
Jan
___50
:
>"
5%
20
13%
:*•>«
18
Dec
si
ifir Jan
Ohio Oil Co
..No par
Oliver Farm Equip——
—No par
Omnibus Corp (The).......
;..6
.
10
300
|
60
42%
27
„50
V
8%
*5
-19%
13
18%
18%
*26%
*16
13
*17%
18
18%
;
Feb
27
10
Preferred
10
49%
115
26
100
Norwich Pharmacal Co
800
t
Jun
Jan
..5
Norwalk Tire & Rubber...;
2,800
400
'•
110
% Jan
__1
preferred
Northwestern
13,000
f
25
50
49%
.»..••
Jan
2% Jan
...50
Northwest
100
I
'
140%-X
*23%
*44%
8%
8%
8%
5%
20
.'
14%
140%
145
.
•
h .'
:
V
3%
14%
24% ^4%
."£-*44% 40
49'% '*49%
24
69%
<
112
2
ta
.100
tNor States Pow $5 pfd.,
300
.8
23%
4%
*3
14%
14%
145
44%
50
69%
.
106% Dec
•
3
North American Aviation
10
:
8%
69%
4%
Shipbldg Corp part stk
Northern Pacific Ry
900
2%
30
8
23%
3%
8%
24%
3%
24,
;
2
•8%
Oct
18
'
50
39%
i
8%
8%
14%
'140%
24%
24%
48
•,
3%
f
68
14%
14%
-140%
24%
49%
.
..
: *23%
.
3% ;
68
3%
3%
*7%
24%
3%
30
,
8%,;..
*23%
68%
68%
*3
*42
i'
3%
*67
145
29%,
8%'
8%
8%
24
,
2
2
••
*7%
3%
3%
♦24
2
*29
8%
8%
8%
24
*13%
tfv
*10 % v 11
*36%
Sep
Apr
8
100
Y Ontario & Western
preferred series
5%% preferred series
60
39%
8
Jan
Northern Central Ry Co.
110%
111%
*36%
2%
54
1
% Jan
r'
*10%.
30
July 21
6%
10,700
11%
*7%
38
Dec
100
North American Co
1,700
6%
36%
*2
Feb
30
100
U
11%
*28
0
15
100
200
92
■>
36%
8%
Feb
...100
preferred
fNorfolk & Western Ry_.
5,100
5%
■
11%
2%
5
May 25
12% Apr
109
Noblitt-Sparks Indus Inc.
45%
40
30
15% Feb
4
par
May 20
Adjust 4%
Jan
Feb
8%
4% May
May 22
Y
Aug
24%
25
23
80
N
47%
6
12
Jan
61
Conv
Aug
15% Jan
.50
non-cum
Jan
18%
51
—50
tN
440
46
.
*45%
6%'
'
No
15%
Dec
2
preferred
113%
*45
,
"
6' V
%
7%..7%
.
11%
*90
6%,
-
..t
11
11%
92
6
6 %
*45
Dock-—.—
Jan
Dec
10%
2
6
Jan
July
45
7
6
Feb
27%
116
Dec
Jun
110
100
163
*112
7%.., 7%
46
45%" 45%
7%
46%
11%
11%
11%
*90
6%
♦140%
Dec
26
10% Jan
36
No par
,,
20
163
'113%
*112
113%
*112
113%
22
York
Corp..
IN Y N H & Hartford.
700
■
163
*45%
*8%
__100
No par
2,900
21%
v*
%
%
161%
47
*3%
preferred series A
N Y Lack & West Ry Co
220
%
2y»
.
162
162
*45
*23%
17% Feb
10%
31
*2
21%
.7%
11%
•'',
*18%
45%
91%".
2 ;
20
7%
*7%
19%
106% Mar
Jan 27
10
;
5% preferred
....
NY & Harlem RR Co
50
%
%
-
22
45%
*46
30
32%
%
2
No
11
New
64
*19%
7%
*2
Aug
9
5
24
90
20
45 %
47
*63
*81%
22%
7%
*27%
11%
*
19 %
45 %
*36
Apr
2
6% Jun
6%
4%
63 %
32
%
2
*A
*
20
no9%
Jan
5%
25% Jan
23% May 21
11% Jun
Central
NYC Omnibus
14
21%
21%
*19%
*4%
*12%
90
63
*81 %
33
%
4%
14 %
*4%
*13
90
2
%
aa
21%
20
.
63
33
fg
*19%
5
14%
*81%
2%
*2
>21%
*4%
*13
15
34
,.*11%
31%
109% Jan
32% Feb
98% July
par
par
,2,900
*33%
6
Apr
3
No
-.100
1,500
14%
Brake
N Y Chic & St. Louis Co
400
,
40%
14%
*90
Jan
110
Nov
22%
30
York
8%
.*12%
40%
*11
Dec
16
17% Jun
New
8%
13
13%
*81%
*46
105
12
12,900
9
13
9
*81%
*110
Jan
9
109% July 27
Mar 10
11% Jan
York Air
41%
%
Dec
45 %
17
New
13%
21%
July
79%
31%
28
N'port News Ship it Dr Dock
1
$5 conv preferred
—No par
40%
%
17
Dec
69% July
35% Sep
7% Apr
800
13%
2
10%
27
$ per share
75% Aug 18
22% Apr
500
40%
64
64
14% Feb
5
1
_.
400
13%
14%
*13
t per share
30% Feb
99%
*98%
39%
5
'4 %
104
100
18%
99 %
29%
14%
t
No par
Corp———.10
Newport Industries.
Jan
Highest
Lowest
t per share
70% May 26
28
Apr 27
100
29
18
18%.
*98%
*28%
13%
*13
12%
*18%
99%
28%
40
40
Newmont Mining
600
7%
7%'
99%
28%
8%
9
*13%
Newberry Co (J J)
5% preferred series A—
10
*23%
24 %
28%
100
28 %
18%
18%
18%
18%
*99%
28%
12%
38
109%
serial preferred
conv
Year 1941
Lots
Highest
}
100
8%
*34
*108
109%
4%ft
11
1
Nelsner Bros Inc
60
100-Share
of
I per share
Par
100
75%
7%
*99%
r
14%
*74%
24%
*18%
*28%
■
*14
75%
7%
7%
••
14%
*74%
Basis
Lowest
EXCHANGE
Shares
mvs
24%
24%
share
per
14%
35%
109%
S
Range for Previous
Range Since January 1
On
STOCK
YORK
NEW
for
the Week
74%
74%
.
35%
*108
34%
103%
74%
Sept. 11
$ per share
share
per
*14
14%
*'14%
34%
*
share
Friday
Sept. 10
Sept. 9
Sept. 8
Sales
Thursday
Wednesday
Tuesday
Monday
Sept. 5
STOCKS
HIGH SALE PRICES
LOW AND
Saturday
Monday, September 14, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
928
Dec
9%
75%
Jan
Jan
70
Feb
14
51
Oct
10%
Jan
26
6
Dec
15
July
Mar
164
Mar
153
July 22
2% Sep
14% Jan
11
28
164
A May
13%
Dec
1% July
17
July
(■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
Volume 156
RECORD
NEW YORK STOCK
....
'
Saturday
Monday
Tuesday
Sept. 5
Sept. 7
*
18
♦3%
'•
*17
4
*3%
•
6 Va
6%
*6'/a
6%
*6%
7
6 '/a
6Va
6 Va
i
'
*23
3%
*23
24
900
7
r'
49
48
"
48%
48 Va
,y
120
120%
*120
120%
120
v
,
'
49
48%
••
120%
*119
,
%
48
48%
V
120
120
>
5% Jun
6% July
5%
%
x9%
9%
X9%
69
68%
69'/'»
68%
60%
68%
69
68%
69%
80%
81%
81%
81%
80%
.81%:
81%
81%
89'A
89%
89%
89%
90
90
9%
9%
:-
88
•
88 %
89'A
♦103%
104
103 %
115
115
9
♦86%
87
87% ;!i
11%
*103%
103%
*103%
103%
*113%
115%
*113
116
*11
25
25%
8%
25%
8%
9 %
:?/ *97 V%
*84%
10O
8%
*97'A
j
r
13
Dec
8%
Feb
13%
2
8% Jan
5%
Dec
13 Vb
Jan
7
8% Jan
6%
Dec
13%
Jan
10
29 % Jan
21%
Dec
17
52
50
Dec
16
115
Jun
9% Jun
3
*9%
9%
3%
3%
11%
11%
11%
*9%
11%
*85 %
9%
9%
9%
3%
11%
87 %
3%
3% i
3%
,
100
,-*97%
87%
*11
•
No
t7%
8%
Pullman Inc——_
Pure
8
11%
Dec
14
75%
Dec
110
14
92
Dec
123% Jan
111
Jan
106%
Dec
137
99
Mar 30
123
Jan
117
Dec
158%
Feb
115
Feb
114
Dec
117%
Get
5%
20% July
7
—No par
(The)
Apr
10
28
100
Jan
29% July
7
Feb
94
Mar
107%
Dee
Feb
95%
Aug
Aug 11
8%
Dec
12%
Oct
12
10
8% Mar 11
10'% Aug
Quaker State Oil Ref Corp
Dec
Jan
83%
9% Mar 11
...
29% Jan
20
No par
;
10%
Jan
90% May 13
80% Jun 17
100
*
Purity Bakeries
9
26% Feb
2
100
preferred
—
conv preferred
500
•
,
.
Oil
6%
400
11%
14% Jan
86% Jan
No par
300
Sep
111% Mar 19
No par
5.900
Jan
July
£99% Jan
—100
Pub Ser El & Gas
r
-
40%
61%
120
Mar 30
.
100
preferred—pfd $5
121% July 23
■
Oct
79% Mar 30
100
preferred—.—;.
Jan
Jan
73% Mar 31
62
par
—_
300
.
'86%
86'A
.
—No par
preferred..
Jan
3%
4%
Feb
—No
v' 9,200
i
21
Sep
21
Feb
Gamble
preferred
60
,
Highest
$ per share
Jun
42
t$5
250
8%
8%
100
1,000
v
,
25%
24%
11%
87
i
,
-
116
25
99
99
9%
104
9%
8%
'
100
•
25%
25%
9%
104
115:
25%
•
9%
*113
103%
♦113
8%
5'% Jan
16
15
22% Jun
590
9%
*99
Jan
115
it
Pub Serv Corp of N J
630
81
25 Va
I per share
par
conv
5%
10
68 Va
88
5
50
2d preferred.,
17
8
3% May 21
1
1st preferred
Year 1941
Lowest
pfd (ser of Feb 1 *29)—100
Procter
2,400
•
81
♦9%
No
7
100
24
24
Pocahontas
9% Jan
conv
Range for Previous
t per share
15%Jun
5%
1
Lota
t per share
par
100
-
,
.
100-Share
Highest
Pressed Steel Car Co Inc
6.800
5%
*57/a
Creek
Basis of
Lowest
Poor & Co class B
No par
Postal Teleg Inc preferred—No par
1,000
•
.
19
5%
7
On
Par
Pond
3%
■
Range Since January
STOCK
Shares
share
18%
YORK
EXCHANGE
17%
3%
1
6 'A
*6%
24
-
•
NEW
for
the Week
„
.
49
♦120
*17
20%
6
7
*23
24
*23
24%;
49
17%
3%
6%
*6%
.
t per
18%
3%
21
20%
20%
Sales
'
Sept. It
share.
*17
177/8
3%
«■
20%
20%
20 %
*16%
17%
■■
8 per
$ per share
•
Friday
Sept. 10
Sept. 9
f per share
share
'
4
♦16
S per
.
Thursday
Wednesday
4
Sept. 8
1 per share
STOCKS
HIGH SALE PRICES
LOW AND
929
101'A Jan
91% Jan
£
12
Dee
V"';''"
.
9%'
*9%
::i;
-
vy
*9%
9%
3'A
3'A
7,000
55%
56'A
1,400
*83
100
3
3
43
*40
43
18
18
18
18'
9Va Apr
■
12% July
R
3%
3%
,
54 7%
54 7%
54%
*83
2%
♦40
:
♦17%
•25%
..
88
V V 2%
43
*40
*17%
18
*8'a
<
25% !
25%
27%
22%
,
25%
8%
vV.v -8%
*25'v
25%
25%
•
•••<
*8'/a
200
4%
1st preferred
400
4%
2d preferred
50
Radio-Keith-Orpheum
6%
'
:
w—.-
conv
preferred
Raybestos Manhattan—
ioo
v:;v
V
26
25%
:,,V:
Rayonier
500
13%
13
13%
*27
27%
27%
27%
23
*22 %
23
*22%
23
13%
$5 preferred B
300
8%
$3
Inc
„.
preferred
Reading Company
800
,y
2%
46%
88
2
No par
No par
No par
1
100
-No par
1
25
50
50
Corp of Amer
$3.50 conv 1st preferred
a.
*y v
27%
13%
Radio
5,300
*27
•V'., 13%
14
*27
22 %
17%
'
/
27% V*V
14
14
27%
3
-
*40
*8% ■i 8%
8%
25%
8%
100
3
43
18
56
55%
*83
;K
3
*17%
•18
*13%
2%
v
55'%
*83
,
*40
43
♦8%
88
2%
2%
55
55
*83
88
•V
Mar
Apr
Apr
Apr
Jun
Jan
Jun
July
Apr
34%
3% July 10
jy*
Dee
4%
Jan
28
56% Sep
11
47%
Dec
62%
Jan
25
68
Apr
25
85
Dec
88
Dec
23
3% Jan
2
2
Dec
3%
Jan
4
2
46 V2 Jan
9
38% Mar
55%
Oct
14 y8
Dec
21% July
Dec'
18% July
6
18% Aug 25
15%
7%
8
23%
1
11%
16
23% May 28
26% Feb
3
23
Dec
15 Vb Jan
28
10%
Dec
18% July
27% Aug 25
22%
Dec
27%
Aug
20
23% Mar 11
19 '/a
Deo
24
Jan
11% Jan
•"
VI 2
*2
*60
,
'
*22
:t;
•2 7.
Va
73
'
11%
8%
70
*43%
45
•3%
4
*66
•
45
V
3%
'
xl3%
14
♦98%
99%
•57
*7%
81%
47
*45
47
3%
3%
;
3%
13%
'04y'
14
*98%
5%
84%";
*83 Va
84%
*83%
84%
•57
60
*57
60
<
'T.
v'y •
7%;;;;
81%
;
*81'A
'
1;;W7
4%
46
•
Reliance
Preferred
4%
1,000
23%
4,500
Reynolds (R J)
74% y;
'
:
7'A
4'%
4%
23'%
33
33
*7%
18 3%
*8%
8%
42
*37
-
42
*7
4%
*4Va
*17%
:
18%
*8'A
8%
,
:'-V
*37
V-.VVV
Jan
10%
Nov
65'A July 30
53%
Dec
67'A
Jan
48
34
Dec
61
42
300
y
42
:-V
*37
-v
10
100
1,
8%
v:
-
.
Rustless Iron & Steel Corp
2
14'A
Dec
22%
5
96
Aug
101%
23
77
Dec
97
Jan
Dec
11
Jan
97
Apr
129
Sep
60
Apr
86% Jan
6% Jan
3
129% Mar
74
Apr
3% Dec
Dec
4%
3 "
Jan
Feb
Jan
20
8% Jan
5
6%
Dec
15% July
85 Va Jan
22
20
29
9
19
75 y8
Dec
95
4
80%
Sep
July
4% Jan
5
Dec
10%
Jan
Apr 23
27% Jan
27
22%
Dec
34'A
Jan
Sep
10
Apr 28
Apr 30
Jan
6
Feb 19
May 20
54
Jan
27
49%
Dec
53'%
Jan
9
Jan
15
7'A
Feb
12'%
Aug
8% Jan
16
6
Apr
9%
Jan
5Vt Jan
20
2%
Dec
6%
6%
3%
16
7
—
1
10'% Jan
47
Jan
5%
14% May
19'% Mar 20
34% May 13
No par
$2.50 conv preferred
y ivy/iny
Jan
100% Mar
2»A
20
x
No par
Rltter Dental Mfg—
—No par
Roan Antelope Copper Mines——
Ruberoid Co (The)
No par
Corp
2
14
19
11
8
3
22
30
Feb
4'A Jan
9'% July
33
Tob class B——10
Common
Richfield Oil
100
18%
*8'A
>
10
4%
,
*17%
-
vVv:
„
800
7%
7%
*4'A
*17%
30
V
7%
7%
■
v -y
33
*28
7'%
*7
.
V
-
—
400
80'%
23 Va
4'%
V
———
7 %
80%
23%
7%
,
:
-
."V
60
*57
i
4%
*3%
8%
*37
84%
*83%
1
1,500
5.
■
23%
*7
18'%
*8 Vb
8%
60
5
81'%
-
12'%
Apr
40
7%
7%
Dec
Apr
7%
6,100
*80%
33
6%
9%
13%
-
Nov
6
99%
Sep
Jun
July
Jun
July
May
6% May
75% Apr
3% Mar
Nov
10'
9
Mar
13%
x94'%
70%
4%
78%
54
53
Apr
2
6
No par
10Q
100
Revere Copper & Brass
No par
1% preferred
100
5%% preferred
100
Reynolds Metals Co
.—No par
5%% conv preferred
100
Reynolds Spring
1
Sep
Mar
7
2
7
22
Republic Steel Corp
6% conv preferred
6% conv prior pfd ser A
2%
v
7% Feb
2% Jun
4%
7%
x55
Aug
9% Jan
38 % Jan
81'A
*30
25
29%
12'A Feb
Mar 11
May 18
——1
7 y4
7% r
warrants—
with
Sep
1
16% Aug 24
Apr 24
Rensselaer & Sara RR Co—_.—100
W. •; y
v
84%
•
10
1
Dec
22 y8
65
Apr 30
Reo Motors v t c
•
4'%
.
..
*57
No par
-—
Mfg Co
15
11
6%
10%
7%
600
*71%
y
5'%
*83'%
Reliable Stores Corp
Remington-Rand
Jan
.39
-100
1st pfd
*98%
75'%
.:
& Co
1
2»A July 10
13
230
14
*5
•v.
•vft;-•T:
7%
*3%
*18
5 % v.:;
23%
7%
7%
.
,
5'/a
—100
(Robt)
1% Jan
■
3%
3%
98'%
:
„^y
'
5
Hosiery
May 28
13%
J3%
*71 v
.
46
V
3%
4%
iv
;
33
7%
18%
42
*37
74'%
•
1,400
68
81 Va
23%
♦28
7%
8%
4%
7%
4%
-
81'%
23%
•
33
VIS Va
*71
,
7% VV tfiv 7%
*7%
'
4%
■4
V.
\V v
;
%
8
Silk
Preferred
'
•>
23%
-V*28
76
•
7
Reis
::
11'%
8%
*65
98 %
99%
5 Va
*4%
:r*7%
*3%
"
*11
68
VV
/'123%
•
;v *65
71 %
*
5Va
*83%
^
68
*
77
•
*
■
"
.y *5
*
*65
*45
68
V
Real
470
V\
73
*6%
■
8%
200
16%
16%
ii%
8%
yyi:
,:.v 2
2
*65
16%
*11
8%
60
*73
*
11%
' >>.
72
'
*6% y 7
6% t&
11
x8%
14%'
100%:
14
♦100
*65
■•
r
23
V:V;
•%': 23
2%
V/ 16
17
*6%
v
9
45
r
*15
7
*65/a
%'•. 11%
*8%
*2
2%
-4\ 73 \VJ7
*59
....
16
*11
,v::
8%
*66
v.
73
15%
7
*6%
'■£-
2% Vl ,V*2
■
*55
♦15% ;;.16-"VVr:V
♦11
;;y
8%
16
8%
27
,
42
2
21
'
Jan
Nov
? 14% Aug
Dec
Nov
48%
Jan
•
V
29 :
29
•
A
.
oau,
*2%
"*5
v
29
tf
14
;;y a
36%
9%
%
♦%
%
"2 %
.
400
5
♦2%
♦5
19%
!
308%
19
19
93
92%
10%
♦10%
10%'
18%
18%
92%
36
34%
34%
♦92%
♦111
112%
*111
112%
♦109
110%
*109
110%-
♦92%
*112'%
112%
110%
•109
460
Savage
Schenley Distillers
93 ,:i
.
♦12%
*2
a
irf
a
,
■
'/a
34%
110%
5%%
400
;•
34%
112%
112'%
400
y > * %
13%
13
2%
13
*2
*13
2'AV
■7
55%
55%
55%
7%
7Tb
7%
8
8%
*57%
*5%
,
8%
*8%
9
*57%
6
6
6
62
*61
*61
62
♦5%
6
*33%
35
♦13%
5%
13%
2 Va
.
*33%
*13%
13%
:
2'A
13%
2%
tJ.
1%
*20%
21%
26%
26%
*67
69
*2%
2%
13'A
13 %
*1
1%
*110
112%
*16
16%
*10%
11%
*13%
7%
21'%
26'%
y
*110
*20%
.
.
•y
69
21%
26'A
26%
*67
112%
*110
16%
14
16%
11%
*10%
*13'%
7%.
14
7%
2
-V,V
2
69
8
*108'%
yy vl.
•' 7%
v
112'%'.
8
•j
V'
17'A
a,
;
700
ii %y
ioo
i
v
100
■-
13%
■.
;
7%
'
13%
7%
6,400
2
1,700
"
*1%
*14%
'
*19%
2
14%.
'
*14%
19%
14%
19
19%
1%
2
/■y'1 2
r
14%
14%
19%
i
2
.
1%
yy
'14%
14%
*14%
19%
xl8%
19
200
14'%
19'A
19 y4
V
;
y,
"
129%
*126
*17'/a
-17'%
*10%
*126
10%
129%"
17%
17%
io y»
ti
♦126
-
10 Va
17%
17%
*10'A
•-
*126
129%
-
17'A
■<;
17%
10'A
10%
;"" '124
129
10'A
129
10'A
10'A
•
.
.
"
13%
13%
14%
30
14 Ta
15%
30
*39
43%
13%
13'%
,
15 Va
29%
30%
:
*39
.
>
43'%
13%
13%
15
15'/a
30
30'A
,
*40%
43 %
;
•
13%
14%
13%
29%
30'%
*40'%
13%
13'A
14%
14%
14%
29%
*40%
43
■x
2%
2%
2'%
*2%
2%
*2%
2%
*2%
■
2%
2,500
T
;
y -2%
2%
2%
2'A
2%
2'A
2%
'
*2
•
2
65
*53%
65
*53%
65
21%
21'%
21 y®
*21
21%
*21%
21%
21%
21%
24%
24%
24
24 y8
24
24 Va
24'A
24 'A
24'%
24'A
33%
33%
34
34
33%
33 %
33%
33'%
57'%
56
56
56
56
*56
33'A
*54
2%
2%
2%
2%
2%
.2%
36'/a
36%
34%
36 Va
33%
33%
32
32'%
31%
32 Vi
32'%
31%
*110%
♦45
32%
112
47
*110
111%
3%
3
98 %
*97
For footnotes see page 931.
111'%
*45
♦110
3%
*97
*32
47
♦111
3'/a
98
3%
*97
32'A
*111
114
*45
47
——
■
3'A
98
3'%
-
Coalition Mines
5
-——No par
—10
—
20% Aug 26
19% Apr 23
Apr 29
—————15
Iron—100 , • 65
$6 preferred
-No par
108
Smith (AO) Corp———
—10
15%
Smith & Cor Type v t c
.No par ?. ]; 9
Snider Packing Corp————No par :
13%
Bocony Vacuum Oil Co Inc—
15
6%
Sloss Sheffield Steel &
July 10
July 28
Apr 15
May 18
Mar 11
2%
32
32'A
32%
*111
*44'%
•
.
•'
'
6% Jan
600
50
3,900
560
1,600
10
114
46%
—
3'%
97
3
*96%
3%
8,300
97%
100
6
20
4
July
8
35
Apr
44
Jan
3
Jan
3
19% Jan
3
19% Sep
Sep
36% Jan
116
Jan
109 % Mar
%
15
110 '
94
% Feb
Dec
Ceo
1% July
Apr
47 •'
106%
Dec
113
12%
Jun
23
8%
X
Sep
17%
Sep
Jun
94%
Sep
31
9
Apr
79
8
11
Dec
39%
6
Jun
115% Mar
Dec
112
'/«
July
%
Jan
Feb
10
28
Va
Dec
5
liy«
Dec
3% Mar 24
1%
Apr
5
49%
Dec
78%
1
4'%
Dec
10%
57
Jan
8% Aug
Jan
% July
17
July
3% July
Jan
Jan
10
Jan
3
7'%
Dec
14% July
60
Jan
6
48%
Deo
71%
Jan
7
Jan
15
5%
Nov
61% Aug 27
y
3%
Apr
61%
.■
Feb
4
69
Dec
6%
Dec
6
Aug 24
35
Aug 27
32%
Dec
40
Jan
14% Jan
2
10%
Jan
16%
Dec
4% Jan
15% Jun
14
2
26
Jan
28% Jan
Feb
4'
8% Aug 17
30%
Nov
Feb
Oct
Feb
112
Jan
114 *
Jan
Feb
25% July
Jan
15
Sep
13%
Feb
18%
Nov
7%
Dec
10% July
1%
Dec
9
.
35 Va
Jan
Dec
14%
6
17
Jan
Oct
111%
6
13% Jan
2%
95
28t
20% Jan
21%
18%
2
Jan
Jan
Dec
Nov
22
3
Jan
112
5
Sep
1
9
100
Dec
11%
9
1% Mar 24
2% July
2% Jun
3
15% Jan
16
13
i
Feb
19%
26 Va Jan
26
£13
-
Jun
23%
144% Jan
27
120
-
Aug
16%
Dec
1% Mar 6
14
Apr 17
So
r ; 17% Jun 27
8% preferred
———-100
126
Apr 2
Southern California Edison
—25
14"% Apr 29
Southern Natural Gas Co——J7.50 i".9% Apr 20
Southern Pacific Co_———No par
10
Jun
2
Southern Ry
—No par
K 12% May 20
5% preferred
-I
—4
-100
23% Jun 2
Mobile & Ohio stk tr ctfs—100
34% Jan
5
Sep
109%
107-
10
Jan
iff
Sep
Jun
13% Jan
1
Apr
May
1
150
;
27%
Aug
Dec
Mar
Jan
20% Jan
10
12% Jan
5
X10
Dec
13%
Sep
14% Aug
19
8
Jan
14%
Aug
18% Feb
5
Feb
19% July
35% Jan
24
11%
—r
,
Sparks Withington——4—.No par
;.——1
Spear & Co
$5.50
1,500
39% July
tV
Lines—
5
Porto Rico Sugar—
.-No par
South Am Gold & Platinum
"
200
A
27
4% Mar
6'eastern Greyhound
—
•
57
31%
,
300
-
;
*110
*110
97
2%
2%
47
'
*54
33
114
*45
*110
:
2%
33'A
57
65
Va
65
*53%
600
2%
♦53%
;
3,200
i'; '*
r
No par
—15
Dec
5
% Jan
50 Va Mar 24
3
'
*20%
*53%
4,900
;
29%
43%
V
•;.y
400
y 13,900
••
*2%
i,4oo
•
17'A v:
y. 17
—No par
Pen Co_
Skelly Oil Co
'
'.
4% Apr 29
54% Apr 29
4% Mar 6
30% May 21
10% Apr 24
2% Jun 30
11% May 6
% Apr 14
——No par
A——No par
27
27
% Feb
2
May 25
43% May 6
4"% Jan
2
8
Apr 14
52% July 8
Simonds Saw & Steel——No par
700
..
16
17
9
11
21
34% Jan
10% Apr 23
—.
Petroleum
Simms
200
v
69
11%.
y
14
*13%
Simmons Co
J«%
100
Apr
Aug
Jan
Jun
Mar
5
Union Oil
Silver King
1,200
-U-
25%
109%
106 %
%
%
.
26
2
3
7
2
30
23
19
28
15
—No par
(Frank G)
(W A)
3,700
26
*16%
,:
Shell
2.300
20%
25'A
11%
13%
,
,
*66
17'A
'y.'.
13 Va. V Vyy
*20'%
112%
17'A
*10%
11%
7%
26
*108'%
17
,*13%
8 ;.
20%
26
112%
16%
*10%
'
20%
*66
69
.y *1
1'%
Sheaffer
t'
2%
2%
13'A
Shattuck
1,000
'•
14
2%
*1
Sharpe & Dohme
$3.50 conv pref ser
35
.13%
13%
90
900
5%
——
par
par
par
par
No par
Servel Inc
>—■——-——1
Sharon Steel Corp
No par.
$5 conv preferred
No par
62
5%
VVii'VV
5%
*33%
35
13%
,
V.V.V:
*61
v. v.iy
5%
300
57
5%
..
v,
iy«
*1
*67
6
62
2,700
•
8'A
8'A
*56'A
13'A
*26'A
;
8%
6,000
:,
preferred
Seagrave Corp
Sears Roebuck & Co——
v
.
-
Seaboard Oil Co of Del
700
7%
13
*20'%
—.i-
i'lVV;.: 7%
13 Va
'
*1
2%
preferred
4-2%
500
54%
^
57
*33%
200
.
.
12%
12%
7%
5%
35
.'Ay
*i7%
6
V
6
;-v
53%
2'%
*8'A
■■:■■■■
3\
;
No
——No
—No
ISeaboard Air Line—No
Scott Paper Co—
$4
%
;
13'%
*61
6
"
56'A
y
*56'%
62
*5%
■
13%
2'A
13%
,
8%
*
55
y. 7%
58
e
y' *6i
35
13%
2%
m
,
•;
5%
*33%
13 Va
;
%Vv
*1%
y
8
8%
58
Va
%
12%
56%
y'.y 8
:T. 57%
58
V
2%.,.
56%
*
n,
in
«
,
%
13%
*2
.
$■:.
57
i-
: v
preferred
$4.50 preferred
"y ioo
110%
*109
*
37= Vv-V >A
■:
'%
(
Corp—————5
Corp——.—-5
——100
1,300
6,700
•
&
*yV
Arms
10%
18%
94
10%
34%
112%
*109
2,200
37
18%
v.
94
*34 »A
-
108%
107%
18%
35
*112%
,
36%.,
93%
35
9%
:36%
108 '/«,
18%
11
♦36%
10%
10%
36%
108 %
108
May
A Jan
% Jan
2
Jan
5
Jan
29% Apr
104
Jun
,9% May
■.
12% Apr
>j78
May
23
Joseph Lead
———10
iSt Louis-San Francisco—
100
6% preferred
—
100
JSt Louis Southwestern
100
;5% preferred
——100
Safeway Stores
No par
5% preferred
—100
700
5
9%
36%
108
19
: '34%
A
,28%
9%
5
♦5
36%
♦107%
•
\/to
14
♦2%
Iff
St
1,600
*
\w
J*
to
.
28%
%
29 % k
.29%
....
''
♦92
•
A
:5'v
cr,
!
}
10%
%
7
I
♦5
108'A
10%
29%
w
■
♦2%'
9%
36%
J
29%
A
iV.
■T-.iii ■>
5
♦107%
<
29%
s
Iff
preferred
-—-No par
-No par
Spencer Kellogg & Sons
(The)
—,
1
Spicer Mfg Co
——-No par
$3 conv preferred A
,_No par
8perry Corp
preferred
28
28
20
Mar 16
preferred
Squibb (E R) & Sons
$5 pref series A
Standard Brands
$4.50 preferred
2% Sep 11
31% Sep 11
1
Square D Co
conv
30
.—2
Conv" $4.50
5%
49
24
4
No par
Spiegel Inc
-
,1% Apr
2% May
59
July
17% Apr
21% Apr
31Va July
.
-100
No par
———No par
—No par
No par
27% Jun 24
108% Jun 1
40% Apr 9
109 % Aug 10
2% Apr 29
89% May 2
:
Aug 24
1
6
July 30
60
22 Va Aug
Feb j;
May
2
3% Feb
59
19 ya
23% Man
Den
36%
Nov
37%
Oct
2
Jan
6% July
Mar
69
July
25
17%
Dec
22
Dec,
39%
July,
July'
6
27 y,
37
Mar 24
27%
Apr
38% July
60
64%
Aug
60
31% Jan
Jan
3
4 % Jan
6
45 % Jan
38% Jan
Dec
•
Dec
6%
14
34%
Dec
67%
Jan
6
31 Mi
Feb
40 Va
Aug
Feb
11
49% Jan
6
113
Jan
Jan
6
110
Jan
8
111
Deo
Jan
117% Aug
8
5
3
114
47%
Dec
48%
Deo
3%
Deo
6%
Jan
108
Jun
113% July
Monday, September 14, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL;
930
YORK STOCK RECORD
"
'-•
Sept) 7
Sept. 5
'A
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jr*
•;
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*7%
*
—•
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23 Mt
24%
•r 383a
38 •%
*30 Mb
30%
6%
*
30%!
24 Va
23 Mb
38%
38
38 3/a
30%
27
55
,•
-
•":•'
■'
,
*26
*55
6%
6 34
6 3/4
-6%
4M
3%
3Vb
3%
3%
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4 Ma
4%
4 Ma
4 Ma
4 Mi
43/8
4 Mi
vI;./ 4Mb
4 Mi
4%
4
..
.
k
^
,
;/': f-4
117/b
11%
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1Mb
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11
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10 Mi
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23
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20 Mb
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20%
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20 Va
253%
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16 Vi
16 Ma
16 Ma O-
16 Ma
16 Ma
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31 Mi-
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'b-%
9
'
:
V
Vh
•11%
■
/:•
300
80
12
36
"/
•'•
■:
11 Ma
11'Mi
*11 Mb
£400
!
700
300
•
2,500
t:
/
260
v
*6%
11 MB
.!/■■:■':
1 M«
11 Mi
—
*11
11%
11%
11 Mi
*2%
48
5%
i
(
{•
':,
1,400
*60
10
.*
-
t$4.50 conv preferred——
Detroit Axle.
r
..No
.<:• 3
51
*27/«
3
50
/
'V:.!
5%
5%
- f'
.No
Corp..
'
;t.
810
XX
5%
5%
37 Mb
37 Ma
T
600
Cen
$1.50
Twin
4,000
66
58
>
5 Ma
:
Truscon Steel Co
Fox
5
39% Jan
6
Ma,' Feb
Jan
27
2
Dec
Apr 28
15
34 Tb Jan
Jun
44 Ma
2
! Dec
4%
Sep
Sep
28
38
May
60 Mi
Jan
2®/b Aug
r
,27 Ma Jan
3 m.
30
.
2'V
19
7
.
Mi
July 10
11%
Dec
9
65 Mi. Aug
99Vb
Dec
5
27 Ma
Feb
35%
Sep
6.
37%. Dec
51 Vi
Jan
Dec
5 Mi
Jan
Dec
17 Mi
Jan
4% July
11% Aug
4
8
;
8%
20
'
12% Mar 17
Dec
2
Dec
75
13 .!
4
Feb
7
Jan
8%
60
2
!
4
Feb
6
11% Jun
12
6%
2
12 Mi Aug
14
5
25 Ma Aug
19
Sep
11
2.>
2IMi Jan
4
2
v
;
24
Sep
Dec
Feb
27%
Sep
4%
Dec
v 8Mb
Jan
27 Mb
11
Jan
Sep
13/b July
Dec
Dec
16
Sep
6
Jan
9%
May
3/i
Jan
Mb
11 Mi Aug
16% May
V
66
29-
%; •• 5% May 16 V
10% Aug
6vb Mar
1Mb July 10
:67Ma Mar
2
No par
-
Jan
:"9% Mar
34 Mb Jan
3
1% Jan
Jan
18
7.Dec
.
7 Mb Aug
19 % Jan
Jam
IMi
Dec
7 Mb Jan
.
Jan
3 Ma. Jun
24%. Nov
.
5
Vb Mar 14 *
par
6
34 /
3
;
.43 Mi Jan
56 Ma Jun 30
:•
Aug
95 Ma Jan
7% May 15
5M2 Jun
Sep
40
10V« Feb
V 31'Ma May,21 !
"•
-.v"4 '
Jan 28 V
11
July
5% July
Dec
Jan
.
Vi-July 29 /
.
{12 '
.
May 20
—-
32
'6% Aug
22
par
Jan
11
63% Aug
•
Mar 28
/
10 Mb
5
12"
-'
14
Dec
27
2 >
85
/V 8% Jan
Dec
4% Jan
3
Jun
Feb
;343/i-Fcb
14 /
!/:■•• 8Mi Jan
Sep
73/4 July
Mar 10
..
50.
'V"X>
Mi. Mar
5
Jun
3
/
15 :
2•
\
387%
Dec
53%
20
42
Jan7.
VsX,
Dec
4Mb May
3%*
'
1
6% Aug
9 Mi Jan
4 •-,/
Jan
5
177/a Aug 22
;
8
.No
City Rapid Tran
' li
2
,
Sep
•
;
26 '.
11
/ *
6
Jam
9%
463%
Dec
30 Mb
14
6% Jan
28
Apr
10
Film Corp..;..No
"7% preferred—
?! Twin Coach Co..
3
ii Mar 27 J X
X
6% Nov
38 Ma Aug
/T 3%
1%. Dec
•••
Sep
~7V, July
Dec
27
-
Jan
Ma Aug
24 Ma
3% May
May 13
•
33% May 21
Apr
17 Vb July;
10
preferred.;...
5
-
/ 25 •/ Aug
Dec
34
3Q
par
..
_
Jan
Dec
3%
/. 6
%
No par
$6 preferred
20th
5
16 Ma
3
5 Mi Jun
-No par.
Jan
23 Mi
Dec
193/4 May
16
2 Ma July
Transue & Williams St'%—_ .No par
—.1'
Tri-Contihental Corp.ii^.w'.
V;'500
5 V4 Jan
3
3% Apr
r
Transcont'l & West Air Inc.——,5
Truax-Traer
•__.
3,000
'
4
3%
57 ': ■,/?//
'
24 Ma
'V
3Mi
3
53 Ma
51
•.*•'*5 Ma ■'
6
*5'Ma
11 Ma
24 Ma
-
:r:'v
17
2% May 20
10
__
__
July
9
21
Nov
3
July
126 !
v
Dec
16Mb
1
25
par
Tide Wa-ter Associated Oil.:*,
i,
9 Ma
5
23
II
}i'ti
.No par,
>
3
Sep
4% Aug
'133/4 Jan
27.
35 Vi Sep
V.
Transamerica Corp——
300
•
11%
11 Ma
>.
18% July
5 V Sep
>'
(J R)4—
Timken Roller Bearing——
:
£
-6% si', 6-lb '•'-
11TB
25
*24 Mi
23% July
73/a Jan
Transit Corp..No par
Timken
800
•
I
.*11
11%
11 Ma
11%
25
*24 Mi
3
:V
5 Ma
11 Ma
11%
25
4.9
3
47%
•:
11%
*24 Ma
25
*24Ma
*11
*11
Dec
'4 Ma Apr 28
:
>
...
'
/
•1Mb
5 V May
fca—
_
Thompsoft Prods Inc.^—
£
.No par
Thompsorr-Starrett Co
/
$3.50 cum preferred/—— .No par
1,000
• ;
■63 Mi ' v V V
*62 Ma
"V
6% "-C..
*6%
6MH
,
63 Mi
'
1134-;•"••'••.
•'!;> 1
;
*1
*62 Ma
62%
11 Ma
*
14
93/s Jan
41
i
> 1,100
••/>;.
*11 Mi
•
1mb Jan
28
2 Mi Jan
28 !
.No par-
Avenue
Thompson
2,100
4Va
1134 '
*11 Mi
■1
1
62 Va
•
•
Dec
7
2
10
The Fair...
Third
•
300
Ma :. !
43/B
-11%
*
12 Mb
14
30 1
par
Mfg Co————_No par
_No par\
$3.60 COnv preferred—
_
:
>'•:<>
36
36
43/8
9
20
«
24 Vs
24%
'•,15 Vb Jan
Apr
1
91%
*90 Ma
^
36%
*4%
-
>11 Ma
6%
*11
36'/2
4%
•
113 b
:
*GMa
36%--
-
4%
1Mb
6%
;•"•
91%
-
24% 4 24%
!;>
...
■
63 Ma
63 Ma
/
> 90%
92
;
No
Thatcher
:■:/Preferred
1,600
8%
8%
Jun
3 Mb. Dec
1 Mb Mar
5 ? %v;
.....
Thermoid
Co_.
400
j. •&■/■: -■',•> r$3 div conv preferred——.
11 Ma »
•10 Ma
:1
v8%
8 M2
117 Ma
Apr .11
32
Texas & Pacific Ry Co___^_£....H00
V
••
:
23.
'
126 Ma Aug 17
-V '5 Ms Jan 14
'■
5
4
& Oil—
Pacific Coal
V
/•
•7
'•'•
-:
:
•
> 3
23 Ma
f
1,200
v
3 Ma
1/2
*10 Ma
1,100
:
MM )''••■,••
46 la
*6%
23%
23 Mi-;
;
8%
24%
11 % / :
*1
1 Mb
63
%
•:
•
-
11%
8%
*90
;
4:ib
*11 Ma
12
*1
*61 Mi
6%
Ma
3
Dec
3
-50
Texas Pacific Land Trust—.——1
800
r
'
*30 Mr 34
t
3 Mi
66 Ma
33/4 Aug
(The)__—X
Gulf Produc'g Co
Texas
.
>•-
V
2 Tb
3 Ma
,
/
-
•
38
T 46
•
-
•34
-~
3
% >!
x24 Ma
91%-
11
11%
*11
*10 Mi l
-
'•',■
3 %
.
5
*2%
Apr
17 Ma Sep
Texas Gulf Sulphur——
•
36
*35
23%
.l,y2
•
&
*6 a/4 ?>.'
•
46 Ma
*30
*2 34
23%
,
Ma
46
34
'2%
♦6Tb
'
O
3 Ma
*30
6%
5Vt
*36
/ M'
3
50.
7 Ma May
1,300
r:!
16 Mi
■
5
•
38
3 Ma
46 Ma
>■•'"
5 Mi
*2% ;"
■2%
3 Ma
V
5 %
-■
-*36
46 Ma
.
•/•'•;■
3
*6%
6%
*6%
34
V4
-
-
38
23/4
•'•
3 Ma
*2%
3
*2%
46 Ma
Ma
*30
34
*30
2%
3
3%
*3 Va
5
*36 '•
46 Va
*
47
*46 '/a
"•■' 5 Mi
!'
:.' •;> 5 3,4
6
*5%- ■
16
:/rv/' -16%. -16 Mi V /
1'7
38
v
♦2Mb
2%
2 Va
16 M4
9
253/4 Sep
Corp
1-300
> •;!
31%
Tennessee
Texas
200
■
'6 V M.'/ !
*53/4
--
Jan
553/4 Jan
15 Mb Aug
1
Corp
'5 Ma % partic preferred—>
Telautograph Corp—.4——
Texas Co
3,800
'
5%
*16%
5 Mb
5%
*16 Ma
8Mb
.•/; 5 Mi
26
Tdlcbtt Inc (James)——..
;
lo >
BVb
Ml;
8 3/a
Dec
Jan
Elec Px-od's Inc——No par
Symington-Gould
900
Vmv:
2MB -l?:.
23/a
2 Ma
*23b
Sylvania
35
35%
-35Tb ;•■■■'.,
35 Ma
Dec
3%
13
Apr
20 Mb Sep
.25
Swift International Ltd
1,000
*4t/2 ";•■•• 4Tb' V'i>
*33 Ma
*1%
*l%i .2%
*8 Mi 4: 8^4 MS'.' t *8 Mt
!
•
'
2%
2%
6 !b
6
6 Vo
6 Vu
•
-
4 Mi
21
19 % Mar 11
'
Swift & Co—__1——
6% NoV
5
Feb
28
3 Mb May
(The).—_._12Ma
2,800
/"•:;
k;
:
3 Ma-May
8% Jan
53/B Jan
9 Mi May 20
173/8 Feb 13
1
Jan
Jun
66
V
Dec
4Mb Jan
33/a May 28
-
4%
,/■
2
Apr
1163/b Apr
;:
100
•
Dec
40
9
43 M
cum)'—.100
27
'
July
•48 Ma Aug
16
Apr
33/4 Jan
1
4
Sweets Co of Amer
3 Tb
3%
33 Ma
-X4b>
36
35Vs
v-
4 Va
33 %
••
8 3/i
8Vb :
■•
.2 Ma
31%
3 1MB
31 Ma
*31
36
35%
2
36
'•2 Mb
*l7/b
•
*1%
*8 Ma
'
2MB
*8 Ma
«
33Va
*33
33 Ma
*33
4Tb
4M2
4% •
*4 Ma
4MB
,
33 Ma
3%
V *4 Ma
"
:
*4'/2
*33
3% V
4
4
4
•
Dec
9
7 .«■' Aug
57
Superior Steel Corp..
100
Sutherland Paper Co______.__.__10
100
:,(.
253/b
17 Ma
25% V"
17% '
25%
17
!
20 Ma
255«
,
51
Jun
2
24
200
•:
5
i
Dec
11 Ma May 13
22 Ma
*20 Ma
:
4 MB
29
Superheater Co (The)
...JVo par
Superior Oil Corp—1
300
10 V8
*10
22%
■5
*4 Ma
16
Sunshine Mining Co..—
1%
1 Mb
343/4 Jan
1,400
/
11Tb
1 Mi
♦1Mb
1%
1%
4
-No par
—
(4 Ma %
1
34 Mb
46Mb
-
Dec
1,200
3%
*
—
28
223/4 Mar
25 Mb Nov
Feb
33
100
3%
11Tb
11Mb
11 Vi
12
12
12 Mi
A pfd
Class
51
(The)_l_-
Co.—
Sun Oil
•
3%
-
Studebaker Corp
500
124
"
3%
'
"3%
4,900
33
3
"'3mb Mar;
par
; >
25 Ma. Mar
27
<
Jan
4% Mar
21 Mb Mar
Dec
33 M» Jan
Apr
;5mb Jan
_.l
Stone
4 7 Mi
::';- *123
124
*123
124
3 Va
4 •
3%
42
:
17%.Mar
42 Mi Jan
23 3/4 Aug»
Corp.——-——5
3,000
,
10 Mi
24
23% Apr
—25
L S—No par
Stqkely Bros & Co Inc......'
& Webster
—•—...No
1,000
,
'Apr 28
Stewart'Warner
1,400
''r
;
4Mb
47%
48
*46%
47Va
46%
*123
124%;.:
*123
,
,
47
47
..
' ->"•
6%
6 3,4
•;
,v
.
20
30 Ma Apr
Sterling Products Inc;————10
800
"V
*
3 Tb
4%
'
4
*4
l;
6 Va
13 M4 Jan
—25
Dec
8 3/v Dec
.23% Aug 29
6
27 Ma Jari
(The)
Co
Starrett
14
Apr 28
Mar 14
Indiana..J.
IMi
Nov
'
6
14
6
Standard Oil of Ohio.L.—
1,500
•■/••■//..
Mb
Mb
7
1Mb Jan
11 Ma Jan
1
18
Standard Oil of New Jersey—.—.25
•
.56
3
25
'5 Mb May. 14
I per share
share
per
--No pat
Oil of
Standard
.11,400
t per share
preferred-.!..JVo par
$7 cum prior
Standard Oil of Calif...
5,600
*
.
r
GMk
,
/
27
55%
*26
55 Vi
*•'
1,000
30 Mi
29 Mi
'30%
*30 Ma
27
55.M4
'■
$6 cum prior
:13,700
24 Mi
38 Ma
30 Ma
■
•
1
23 Mi
22%
24 Ma
*26 3/8
47
1%
23%
23 Ma
38%
4 Mb
125
*12
7%
24%
55
4Mb
3 T it
*7%
4 Ma
J
'•
*46%
8 Ms
23%
27
4%
4%
7%
$4
200
Highest
Lowest
I
V„ Jan
A Sep
•% Apr
preferred———i—-No par'
preferred——No par
500
i
"■
3 Mb
—
4 Mb
4r'«
h23
*•
55
6 3%
4
I
8
*26
27
7
235/a
24 T«
38 3
55 Ma
*6 Mi
2434
2334
24" a
*26
7%
1
•>
'
'■
1
7 MB
Highest
$ per share
P«f
Standard Gas & El Co.—.—No par
100
'
1
1
Lowest
i :.-
Year 1941
%:
On
j %.:/
V
Shares
.Mi
A
1Mb
38 34
23 38
*54 Ma
*
Mi
*A
•-•".',
9 Pet shdre
share
63/4
7%
,
38 Ma
;
»
t.
*6Ma
-
V 23 Ma
% 24%
30%
1 per
Range for Previous
Range Since January 1
Basis of 100-Share Lots
,
%' EXCHANGE
the Week
•*
STOCK M
; NEW YORK
Sales for
11
.
'•
8
8
Sept
Sept. 10
»
s
aa
1
*6%
8Mb
Sept. 9
.
1
6 34
*7 Ma
7%
■„
'
f per share
Mi
•
«in,
1«j
'•
1"
'
share
$ per
per share
$
I per share
Sept. 8
T
-Friday
Thursday
Wednesday
Tuesday
:
STOCKS
SALE PRICES
LOW AND HIGH
Monday
(Saturday
U
36%
r;X
36%
68
68
Mi
'
■
12%
-.v;
'
l"-
'78
*22%
1
23
^
■••x-y
X'■'
:
37Va
*112
•
112 Ma
*106
107 "
13
78
22V*
28
28 Ma
Union
110
'
T
Union El Co of Mo
v
■
40
77
77 Mb
77%
Preferred $4.50
-
$5
-pfd_.LNo
Union Pacific RR
'77%
200
23
/
700
•
-4%
9 Mi Jan
5
58
Apr 28
743/4 Jan
3
108
May-. 6
10
74% Jun
___^-____-100
preferred
'
*
"
U
—
'i
/
22%
*22%
'-r-;/
"22%
*22%
"23%
Union Tank Car-
21 Ma Aug<
—JVo par
.4.,
May
6334 Jan'
100
Co_^
133/4 Jan
'
27%
95
*93%
■' :
28
■
13 Ma
13%
•14 Tb
'
•"
14 T ii
*109 Ma
—
.;•• v
''.'
—
—
•
••'.
95
'
13%
!
13 Ma
*93 3/8
%09-.
133-4
14%
15
*109
111 Ma
*109
"*46Mi
47 Ma
47 Ma
19 %
;
*18%
* a
1«
*»
•
11%
32
14 Mb
4
"Mi
11-%
*109
-
47 V.
A
11%
6'
6 Ma
a
6%
6M4
3
2
•;6%
.
5 "o
•
100
c.,!———.100
preferred.—
United
...
3,000
*6M«
:
6 mb
*2V4
23/B
8,900
$3
—JVo
3
: *37 Ma
*2%
>'■
*37 Mi
37%
5 Ma
38 Ma
5 M«
26%
Ma
37 Mt
2 Ma
*2 Mi
2%
*25
-26 Ma
54 Ma
54%
54 %
-
37 %
■*
35
35 '
100
37
*34
20
••
_
*98 Ma
*81
*983«
14%
*14%
3%
*2%
•
10G"
14%
14%
*3
,
3 Mb
*98 Mi
100
Ma
33 Ma
■
3
3
2Tb
2%
*81 Ma
3 2 Ma
33'a
9%
*9
V
2%
83
t
.
3%
3%
*14 M4
55
«'•
3%
—Ju_5'
United Drug Inc—
*9%
51
9 Mi
31%
*5 Mi
*171 3'4
'5 Mi
*l7i%
*53%
5%
*39
40
*39
52
*30%
31 Mb
31%
*3M|
4 Mi
3%
13%
*108
;
25 Mi
*29
13%
*108
25%:
26 Ma
29
26 %
>
i
"
13 Ma:
•
.
/
20
Mi
20
*87
88
87
*44
45
*62 mi
63%
453/4
46%
108 Ma
20
108%
20
*42 Mi
43%
For footnotes see page 931.
*63
%
.
108 Mb
19%
42%
38%
9%
•
■
2,520
9%
31%
1,200
1,000
13 MB
4
113
29 Ma
*29
26 Ma'
26 Ma
>103
'
20
19 Mb
19%
87 Ma
86
86
63%
108%
20
42%
64
*63.
1
46%
'
63 Ma
46% '"47 Mb
108%
*20
*42
109
20 3a
%
43 Mi
45:,4
10834
"a
*42%
45
'63 M?
46 Ma'
109
00
43%
100
112
'*25 Mi
-
253/i
400
100
31
'*29
19 Mb
*44
1,400
26 Mi
26 Ma
900
Mb
•
%
600
"
86%
45
13
f>'
•'
87 Ma
*44
100
*103
26%
•
2,700
,*12%
31*
J
I •*>
31 Ma
4
25Mi
26%
»
i'f
100
/'•*3:,i
.
13 Mb
-
'
40
.31%
*33-4 '
*13 ••'
~53/b
5%
31%
*25 Mi
*28%
Sep
•'■"3
Feb
26-
% Jan
"'44%
Jan
17 Mb
Jan
Dec
1083/«
Dec
35
-
16% Jan
i
•
9
Sep
3 :
July 16
Jan
6 Mb Sep
••
3
72 Ma Jan
5.
Feb
;
3-
-
2
1%
-
Jun
-
-...
-
Dec
3%
30
;
60
-
'
Sep
Jan
Jan
Sep
3'/i Sep
■'51-V Nov
6 Ma
5% July
Apr
42
!
Jan^.
79
Dec
May
Feb X
Sep
30%
•
20 Vb May
t
,
1Mb
1%
Dec
2%
-
10
80
52
Dec
13 M*
•
113 Mb
Dec
15
6 7/b
v
•
-
July
14% July
'
Dec
15
>5-
3
-
19 Mi
19 Ma
7,600
85 M4
36
1,400
44
44
200
*62 Ma
65
100
45 Ms
45 Mb
11,100
109 Ma
109 Ma
2,800
20
*42%'
20
43 Mi
Gas
93 Ma Mar 27
106 Ma Jan
17
100%
Dec
28
153/b Aug
14
8Mb
Apr
4Mb Feb
3 Ma Jan
27
Feb
25
38% Sep
11
11% Jan 26
_1
U S Freight Co
...——
U S'Gypsum Co...—
1,300
20
No par
preferred..
L
U S Hoffman Mffbh Corp..^
—.20
^.100
—-5
—50
...No par
U S Leather CP...——
.No par
v' Partic & conv cl A_L^_—..No par
Prior preferred——..
100
U S Pipe A Foundry——.
.-.-20
U S Flaying Card Co—
10
U S Plywood Corp
—.1
tU S Realty A Impt——No par
U S
—>0
100
Rubber Co
8%
1st
preferred.— .
Smelting Ref & Min—
—50
2Mb Sep 10
"2 Ma Apr 17
-77 Ma Apr
9
17
Jan
7
159
May
1
24 Ma Apr
6
9
Jan
5
6% Jan
14
172
27
34 Mi Jan 30
t>ee
2 Ma
Dec
.;!•
93%
9 Mb
Feb
19
July :<•;
Get
July
73%
Dec
13
July
37%
Dec
69%
Apr
170
4mb
183
Feb
9
Feb
43
20
Apr
33% Aug
Apr
Feb
27 Mb Aug 24
20 Mb
Dec
26Ma May
30% Aug
7
25%
Dec
20
27 Ma Aug 18
18%
Apr
Mar 11
Ma
Dec
20% Aug 21
13 Ma
4% Aug
Dec
5%
Dec
7
1
Apr 27
-22
May
Ma Aug 21
6
13%
Mar
54
Mar 10
f
14
114
1
Jun
30
28% Sep
58
Dec
103%
Dec
65 Mb
Sep
Apr
Jan
19
69
Dec
76 Ma
Jan
47
Dec
553% Jan
3
13
39%
Oct
43 Mi
Aug 24
1193/b Jan
preferred...—...25
Sep
31% Aug
34% Feb
26
Sep
2Mb July
14
89
30
15%
103%
105
51 Mi Jan
37% Apr 17
58
Apr 28
44% May 20
Jun
Jun
Jun
33
2Mb
20
Jan
Jan
17
54%
2
Jan
Ma
27
10
Jan
4
Jun
4 Ma July
28
7
Sep
Dec
83
Aug 18
2Mb Apr
;
4Mb
Dec
23%
:
Jan
117
>143/4 Nov
34 Mi Jan
40
28
99
107%
Preferred
U S Tobacco Co.—
54 Ma July
13
4 Ma Apr
-—No par
—
r
•87
6% May 14
40 V* May
50
.——No par
—.—...——
.100
Preferred :
U S Steel CorpT_.._
7%
11% Apr
■
10% Jan
Dec
No par
Paperboard....—
USA Foreign Secur.—
U S
4M»
4—.No par
United
5%% conv preferred.
U S Industrial Alcohol
51/2 Jan 16
^
3 Ma Jun M l
Imptov'tj—
preferred.—
7%
*'39
40
25mi
••
47 Ma
'48 % Jun
.10
No par
$6 1st preferred.—I—_.—No par
U S Dlsttib Corp conv pfd.——.100
100
51 Mi
51
-5,.
*5 Mi
2534
44
46 Mi
'
'
*171 Mi
*39
110 MB
25%
-
Mar
Dec
8%
20
4No 'par
United Mer & Manu Inc v t r
83 Ma
9%
20 Mi
44
.
*81 Ma
52%
.
20%
3
4.2%
i '35 Mi
35
52
;; 110 Mb
29
i'«
,5%
40
'31%
•
35
600
14%
2%
83%
9%
$5
*2 34
:..
*171%
*3%. '.'4 Mi
m;
13%;
26Ma "26Vb
.
i
3%
115
*25Ma
31
*39
31%.
13%
115
*5 Mi
40
112
5
33 Ma Aug 21
600
~
51 Ma
*171%
2Mb
34 •?
9 Ma
51%
2Mb
*81%
34 Mi
'
51
Sep
'31
93/b May
July 15
Dec
28%
9
14 Mi
3% Mar 11
24%
-
15
1
7,100
Jan
Jan
V
25% Jun
United
85%
85 Mi
■x/V;
•
-
Sep
Dec
./.Dec
57Ma
73
5
27
4Ma AprT5
16
11 Mr Dec
•
6
1% Apr'28
Cos
United Fruit Co.—.1.
100
14%
14 Mb
2Mb
*2% :
;2%'
83%
•
Coal
"
Sep
104% Jan
Fdy___.—4——$
1,700
334/
*98%
100
14 Mb
-3
33
Electric
•
'
Nov
112%
y36% Jan
2
July-28
11
1153/4
24
?3 Jan
H00
Preferred _—■£i._
United
Jan
Jan
Dec
Feb
30
1*
_10
United Dyewood Corp..——:
United Eng..&
55
"3%
3%
334 /
*98-Mb
14 Mb
*82 Mi
83
' 33%
55
55%;-*'55Ma
.'3%
*2%
1,900
>23% -"26%
May
Sep
■
100
-3
■
534
5 Mb
57 b
5 M»
*25Va >'26%.
26 Ma
•
•54%
55
.
3%
5 M«
5 Mb
*25
16
par
'
6
6
*25
37'
Sep
Jan
79%
:
111%
6
3
4
17
17
37%
12%
Feb
-
81 Ma Feb
1043/i Mar 24
No par
;
"
*2%
7% Apr
__JVo par
Corporation—
preferred.^
Apr
;
•803/4 Aug 21
2
17
9 Va Mar 10
Carbon Co_4———„JVo par
United-Carr Fast Corp.
United
89
preferred_i-_
.
;
"6%
6 Ma"
United
.13,900
uAi
ut
•; 11% '^ 11%
-
'6 Ma
Un Air
r
23% Jun
5
...-100
Lines Transport.—:
5
Biscuit Cp_.______._JVo par
conv
400
V
19
United Aircraft Corp.i...
8,900
Hi Ma -r"
V1'
•'
5%
14 Mb
'*18%
V *11%
32
.
•11 Ma
.12
19
9
«
tt'JS
;
^
12
*11 %
•■•
18%
*18 Ma
19%
.»•
133/4
3,800
'
*46
47
19
>
95
*14-%
'-Ill %
.
*46%
27 Ma
*94%
14MB
•
*18%
27 Mi
•:
••95
::>-l33/,'- 14 Mi
14 M4
* 14 Ma
,
111%
*46 Ma
47 Ma
27'%"'*'27%
*94
95
'
14% -14%
/•
111 Ma
*46
28%
'*93%
.
60
>
Dec-
•': 7
106%
29
1
•
*
6
'
27%
•: /
.
,
July 13
113
108;' Jan
100 Ma Mar 24
425!
Union Oil of California^....
1,800 4
/• M
par
JVo par
series
3,000 '
12 Mb
"76 Ma
*77
78
22 Mb
1
-
9
17
7 Ms Apr
...No par
Carb
Carbide &
3,000
V
July
28"% Jan v 2
tpar\
t^.JVo par
Union Bag & Paper...
600
107
'.12%
tJnder Elliott Fisher Co__^L-?Vo
1,600
.
112 Ma
*106
76%" " 77va
13
77 Ma
78
67%
112 %
*112
-"13"
12 Ma
76 3/4
'"/
78
*77
'X. J..
68%
105%
13
78
.
67%
'67 Ma " "67 Mb
112'Ma.
106
'
'
7%'// 7%
7%
7%
7%
68
112 Ma
;
3 7 Mi "" 3 7 Ma
37Ma-
7 Ma.
8
68 Ma
*127/a
78
*'77 Mi
3 7 Ma
V
*105 Ma* 10-5%
12%
78
'
%
*112
__
105%
105 Vb
•
8 «'•'
.iv.'-. 'v :
'
'68
112%
*112
37%
•-v-'
8
♦7 Tb
~
•
71
Jan
5
•46% Jan
14
24
105 Mi
19 Ma
42
70% Jah
130
Dec
Jan
333%
Dec
Mar
x
Jan
50%
Nov
Volume 156
Number 4107
;THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND
Saturday
Sept. 5
Monday
s
$
U
te
Thursday
* per
share
V<r
*%
ii
J3
*38
43
13'A
*12%
13'A
*12%
*52%
53 Va
*52%
53%
*52%
0 I
156
>39
*%
149%
*145
149%
156
*150
156
*%
J3
:.."•*%
24%
24%
*24
15%
15%
16
8%
*8%
15%
*8
V'
;
*23
24
*115%
•'.*23
117%
*33%
-
••
23%
-
.
35%
*33%
34%
64
*50%
*1%
1%
31%
*150
■*
lb
.
%*•:
%
'
*24
-
23%
24
33%
■ •
24
-
*50%
>
75
*28
28%
*28
28%
600
8%'
>
'
*115%
\
2%
S per share
33%
64
41
preferred
142
,
Dec
July 15
May 6
147
—100
Dec
14% Jan
5
12
May
43%
Apr 24
150% Jan
Apr
——100
pfd
1st
Dec
A
42%
159
54
30
Aug 31
1%
Jan
1%
Jan
62
Sep
16%
Jan
Nov
64
Sep
6
140
May
157
Jan
21
Jan
133
Jan
162
-Oq$
No
20
29% Feb
6
15
Apr
31
25
20% Jan
3
15%
Dec
34 %
7% Jun
24
8%
Dec
15
Mar
20% Aug
111% Dec
28
116
July
Aug
RaalteGo Inc
7 ft
'
5%
21%
100
2%
8,500
33 %'
4,800
33%
116
>
*14%
16
*25%
28
f
4
ioo
28%
*27%
•115%
28%
82
*76%
82
130
*122%
130
*122%
130
*122%
130
8%
-
7%
20%
*19%
28%
28%
82*
*76%
*122% 130
8
7%
20%
&
Pow
$6
6%
200
!
116% July 15
Jan
41% Jan
45
July
55
Jan
19
57
Mar
57
Mar
_———100
57
July 10
57
July 10
66
Aug
66
Aug
Works
5
.
pref—
18% May 26
7
No par
V 2
8
39%
19
% Sep
Jun
20
Mar
116
9
%
18%
27%
Dec
Sep
2%
Jan
Dec
July 21
Sep 11
37
4
110% May
6
25% Jan
Jan •* 2
1
"•22% Jan
pfd—100
114
28% July
118% July
Dec
14
Jan
3
Jan
29
11
Dec
23%
25
24
Sep
Apr
29
31% Jan
20
preferred
30%
Dec
42
Jan
—25
—
26
May 22
29% Jan
7
29
Dec
33%
Feb
•
—
100
70
—
100
120
Vultee Aircraft Inc..,
1
$1.25 preferred..
900
2
7
% Aug
Dec
May 1
July 30
Preferred
20%
12
A Jan
50
Vulcan Detinning Co
3,600
11% Mar
24% Jan
9
112% Jan
30
30
preferred
El
Mar
H Jan
_5
Virginian Ry Co
,
8
20%
Va
2
Ry—100
Pac
Va Iron Coal & Coke 5%
10
f
'
19
Va-Carollna Chem———No par
6ft div partic preferred——100
60
15%
•
100
...
Co
Victor Chemical
22
—5
preferred
Vicks Shreve &
75",
21%
••'7 2
1st
Vick Chemical
v'
28
19%
par
%
9
Jan
500
7
*26
*76%
\
12
7
19
Feb
% Jan
Van
:
-
*14%
82
19%
1
No
.
Jan
U Jan
14% Jun
30
14%
7%
1
44
par
100
117%
%
*53%
2%
*76%
.—..No
19
24
Jun
96% Mar
Mar 11
138
6% May 22
16% May 22
par
A.','--' i'i
<
Highest
S per share
Preferred —.i—_100
Vanadium Corp of Am
—.No par
Van Norman Mach TooL^.
av2.50
100
27
7%
% May 25
% Apr 15
34% May 20
Vadsco Sales
i
22
34
33%
*115'A 115%
115%
' 33
>i;
82
*18%
8 ft
f
20
J 700
25*
7*50%
75
*21%
33%
28%
•
Universal Leaf Tob
'
*23%
-
\
ib
«>
15%,
14%
27
19%
Lowest
$ per share
1
par
Universal Pictures
24
*8
64
*53%
22
1% ;■1 2 %
16
*26%
*18%
Year 1941
*
——5
preferred
No
10
27
*14%
7%
10
*%
*115% J17%
:•
*33%
34%
64
32%
Stockyards Corp..
conv
'
116
*115%
16
7%
Range for Previous
Lots
Highest
/'
8%
32%
27
*7%
100-Share
'
' I
x8%
115%
*26%
"122%
of
J per share
Universal-Cyclops Steel Corp—
100
156
8%
*21
*14%
*78
Basis
Lowest
United Stores class A
$6
155
156
24
1%
-
**9
*115%
*147
•*15%'
,::{'.*53%
>
22
*1%
31%
115%
149%
1S%
33%
200
53
24%
'
United
13%-
53
15%
*50%
75
*21
*12%
15%
116
.
64
75
*53%
12%
149%
25
*23
117%
*50
115%
On
Par
43
*8%
8%
-
*115%
22
Range Since January 1
STOCK
EXCHANGE
Shares
J2
■
15%
*53%
*21
NEW YORK
tt
*38
53
*150
'
•43
»•. 43
12%
*52%
*150
n
i
*38
*145
25
.
share
'*%,
1
43
:J-
*24 '
t per
W
53
*148
share
*%
13'A
1
the Week
t per
1|
tV
'
43
149 Mi
Sales for
Sept. 11
"
18
>12%
*145
Friday
Sept. 10
Sept. f)
*%
*38
STOCKS
Wednesday
per share
*%
*
„
Sept, 8
per share
RECORD
SALE PRICES
Tuesday
Sept. 7
$ per share
HIGH
931
5
89
Feb
105
Nov
9
Jan
135
Mar
143
Jun
10% Mar 25
25
Apr
1
W
24
.24%
24
*7%
7%
18%
18%
*100%
7' *7%
;
102
A
24%
7%
24
24%
*7%
' 7%
18
'
18
18
is
*100%
102%
•100%
*3%
4%
3%
*37%
37%
16
37%
37%
15%
'15%
*3%
3%
*3%
*3%
4
3%
*3%
*22
.
7-
22%
102%
*100 %
*101-
7 Ml
3%
*3%
*247
26
*15%
*12%
•
16%
•
*22
*12%
2%
*66
8%
8%
59
*50
108%
.*12%
100
14%
*12%
108%
12%
*97
•
14%
100
*2 Va
2%
*4%
7i
5%
14%.
2%
*5
ii
27%
27%
: *u
727%
*14%
14%
14%
■.
7
69%
••
69%
*115
26%
*106%
107 Va
;' »43
*25%
'107
50
*82%
85
?
*18%
19
V
*62
62%
62
%
14%
71%
71
*115
26
*25%
26:
62%
*62%
13%
*13%
19%
2
*1%
'
•;
,v-
7*-
57
3%
*109%
28 Va
28
*16
*17%
27%
*16%
124
110
*44%
18%
.
*18%
-
10%
._li»
*120%
6%
*6%
30 Va
*84 Va
84%
'
1%
*54%
*17%
18%
*17%
27%
'7
28 Vs
27%'
*16%
16%
16%
29%
497
*47
90
*82
•
6%
30
44%
*
*52%
55
*18%
19
11
46%
88
121%
19'.
11
18%
11
±
30
6
.29%
.29 Vi
*84%
84%
8%
8%
? 8%
14%
*1%
1%
*8%
•Bid and asked prices; no sales on
this day.
$ In receivership.,
r Cash
sale,
s Special
sales,
x Ex-dividends,
Ex-rights.
8%
14%
,
stock,
y
*47.-.r
*83
J".
47%^
85
•:
I
^
—7
7 20
53 7,7'
'
53%
7 400
18
!
10%
*120
10%
*6
r
-
29%
*84 Va
6%
.
|
-29%"
84%
500
'
14%
1%
1%
8
14
*1%
8%
1,200
14
1%
1,300
'
700
4ft
Co
Maryland
10
—
^—100
2d preferred
1007
preferred
Elec
9
lOVs
Dec
3
July 22
20% Jan
6
1% Doc
16% Mar
70
V 23% Feb
;
•
65% Mar
Feb
3
4%
Jan
25 Va July
74% Jan
...—.No pur
$4.50 preferred-—
conv preferred
$4
conv
preferred
preferred
-
•
-
1
'
No par
Feb
Feb
29% July
4% July
July
l'/aMay
9
Deo
23
81% Jan
Apr 24
Aug
Mar
6
71
Jan
28
118
29% Feb
2
127
5
Apr 28
11
31 Va Jan
6
107% Sep
8
Apr
18
60
July
93
Jan
22
27% Feb
4
9
103
Jan
Deo
105
50
Nov
24% July
141
Mar
Jun
27%
11
Ailg 14
31%
'
Oct
27%
45
34%
Apr
Jan
36% July
Apr
112
Aug
65
Aug
July
85
Deo
100
Jan
21%
Apr
•
18Va Aug 13
58% May
9
12% July 21
69% Jan
29
58%
15
Apr
17
10%
Jan
15% July
12
15% Jan
5
10%
Dec
17%
4 Va July 29
2%
Dec
3% Jan
2%
Dec
Jun
25
Mar
6
53
40
27
30% July
Dec
76
Jan
Jan
8% July
5% Jan
Jan
12
41
Feb
54%
22% Jan
May 6
15% Apr 23
13
18%
Dec
26% July
15
^ 2% Jun 18
1% Aug 12
4% Apr 29
,l%Jan
3
1 7% Aug 24
6% Jan
73% Jan
11
Jun
1% Deo
2% May
1% Apr
3Va Apr
4'/i Dec
2%
Jan
6%
Dec
:
20
7
13
60%
Dec
77
Sep
Sep
7
109Va
Oct
115
Nov
-1
17% Aug. 26
108% July
24
Jan
7
19%
Dec
33%
Jan
21% May
29VaJuly31
21% Jan 28
125
July 28
23%
16
98
85
Dec
34%
Jan
6
22
Worthington-P & M (Del)-—No par - • 14% Jun
;
7 ft preferred A
•
,.L
100
-118 Va May 27
6ft preferred B
.—100 -107
AUg 25
Prior pfd 4% ft series——100
42% Jun 17
Prior pfd 4Va ft Cony series—108
7 44
Jun -9
par
-
•
80
par
■
■
39
25.
Jun 23
Apr 24
15% Jan
__1
-
117
54
3
•
-
50%
86
Apr
50% Dec
20% July 27
13% Jan
121
•
*
15
10%
109%
5%
29
14
Aug 17
7% Jan
S7'/s Jan 13
€6
7
12
19
1% May 21
5
14% July
.
76
1
12% Jan
May 14
8% Feb
19
Sep
2% Jan
Dec
Dee
Deo
Dec
Dec
Dee
Dee
9% Dee
122
July
80
Jan
22% Jan
17% Jan
120 j Jan
.12% Jan
42% Jan
95
Aug
18% Jan
Dee
15%
1% Apr
3%
8
9
26
gName changed from General Theatres Equipment,
■
■
Aug
July
73% Aug
75% Aug
47% Dec
15
5
5
Apr 23
28% Jun
3
Jan
130
26
Jan
Jan
25% July
147
Jan
26
78
■
•
Dec
Mar
57% Jan
28
3
Mar
Jan
104
62
2
10V» Apr
111% Jan
—100-
—
A
18%
107Va Jun
—*£—10
.No par
1
27
"
15
54'/a Sep
100,1
WOOlworth <F W) Co„——-10
Zenith Radio Corp
Zofaite Products Corp-
«Jan
107
Dec
3% May 13
-
..No par
Young Spring & Wire—
—No par
Yourigstown S & T
No par
tS%ft preferred series A——100
YOungstown Steel Door—No par
4%
Jan
20% July
Oct
,
Dec
28
8
1 % Apr
•
106%
-
Deo
1%
8% Jan
t
—3
Mfg. Cti———
15>/4
3% Jan 27
l%Apr 29
1
pfd
3
16% Jan
Dec
»
Apr
5
3
No par
No pat
————20
$6 preferred
15
104%
80
—100
>!_
6
2
28% Sep
100% Jun
•
,—100
i-j...^
9
Feb
19% Feb
22
—.No par
18
104% Jan
.
18
63 %
•
-
113% Jan
7..
—
13% May 27
109
—50
—
Apr
4% May 20
% May 18
*
Instrument———12.50
Deferred delivery. \ b Name changed from Union Premier Food Stores, Inc.
II Called for redemption.
tUnit of trading reduced from 100 to 10 shares.
a
Sep
17
17% July
20% Jan
Jan
Yellow Truck & Coach cl B
2,900
10% Dec
117%
——100
Preferred——
1
5
Mar
Yale Ar Towne
400
1,800
Jan
13% Feb
112
pfd—.-__100
No par
preferred
Wright Aeronauticali—
±No
\ Wrigley (Wm) Jr (Del)—k-No
\
23%
-3
Jan
27
r • 102
May 1
- 12% May
7
7' 99% May 28
•
12% May 9
7
2
Apr 28
-
'
122
t
Sep
Dec
Jan
Prior
—
300
38
14
Jan
> Wilcox Oil & Gas Co—
v'
14%
-
*43% 7 45
1,
Feb
2
115
400
•
25
Feb
107%
v
••■
—
8
19
Nov
White Rock Min Spr Co
White Sewing Mach Corp
"
300
8
21% Oct
89
Woodward Iron Co—7-
j
26% July
39% Jan
1% July
—
Feb
8
White Motor Co..
I''
J
6%
30%
84%
1%
7
•
Deo
6
16
36
Wheeling Steel Corpi*—
No par
7: $5 conv prior pref
.No par
•
White Dental Mfg (The S S)_—20
24,300
8
July 14
%
1
9
27
Jan
Wisconsin El Pow 6ft
16
'
"
T'
18%
28
29
% July
26% Jun
93
—w
500
1% Jan
'
2
Jan
Dec
Wheeling & L Erie Ry Co
300
18
*84'/a
14%
*
"7
124
;
;
84%
1%
54%
116
2
% Aug 13
Dec
1st
60
Va Jan
88
5 Va ft
110
11
122
Dec
99%
2,600
3%-
16
18%
,11
Deo
77
8
Wilson & CO Inc
*103 7.
90 "
'120
6%
Jan
8
Willys-Overland Motors
1
6ft conv preferred———10
27%
47%'
53%
Feb
22
2,700
*118
44%
• "
53%5
"120% 121%
6% ; 6%
14%
—
I
'
:
11071,.:
'
'
*47
49
v,
2%
63
Sep
.
"
'
V:
124.V
*103
6% Aug 14
78% Aug 24
Jan
11,400
*17%
7
'7,'
: 16%
*118
.
27
May 14
Jan
1%
*10 9 Va
18%
Sep
9
v.v7-7%
54%
I,;
116,
28
Jun
26%
91
Westvaco Chlor Prod
'1,100
1
2 A
1%
55%
*109%
8%
14%
*1%
56
1%
*84'/a
9
♦14%
3%
*44%
95
*29%
*8%
45
53%
10%
6%
7'
110
*47
121%
.
37/a
124
*90
18%
3%
*103
*51%
10%
3%
*118
95
*120%
7
110
53 %f
>
2
,;.7
124
49
*51%
;-'7
7% 7
115%
[
3%
19
'
7%
*109%
1 Va
Apr
104
6ft
,
120
3,200
50
*18
*1%
*103
45
*31 Va
>
..
Dec
13%
7
1
7% Aug 28
\ Western
I
12%
3% "
1%
.
Sep
%
24% Aug 21
4
.
34
Apr 25
41% Apr 27
300
:
> 1% v 1%
;■
7%
56
28'A
16%
"7
19%"
•
6%
% July 25
17
•
Weston
I
3%
<
18%
2
Sep
15% Sep
Feb
11% Jan 15
1% Jan
6
15
May 18
59% May 20
Westlnghouse El & Mfg———.50
200
50 7;
18 Va
36
12
West Va Pulp & Pap Co_
80
?
1%
57%
116
:
2
*
Dec
•
200
18%
12Va
l'/a
*31 Va"
3
-
5,000
i
85
,7%
•■:•:■•■■
*118
V
45
*45%
7%
3%
*
16%
*118
*103
:%7
1%
57%
18%
*17%
19%
,.,
3%
116
,♦109%
*90
7V8
57
<
50
*18%
22
96%
25% May
■
West Penn Pr Co 4Vrft
—i-
13
1%
•
5
5
Aug 19
13% Jun
par
?i,^700
,
13%:
*3% 7. 4
:
*31%
1%
77
2
.
19%
*1%,7 2 !,'
7>/8
3%
*1%
50
*18%
1%
7 Va
*3%
2
'•*31%
'1%
•
3% 7 3% ■
*1%
Dec
Mar
4% Jan
-
'Western Auto Supply
-
13,200
;
62% :; 62%
'. *13% .13%
62%
'
12%
Feb
2%
25
Western Pacific 6ft preferred—100
Western Union Telegraph——100
Westlnghouse Air Brake—No par
107%
18 %
13%
M"'.
xl2%
Aug 20
102
1
■•
7
?
?
19
...^..No
^
f 300
;7' 50
*i8%-
62%
Aug 13
4
Jun
21% Sep
-
50
i
•
14%"
*82%
*13%
;
10
28'A
107%
*43
85
Xl2%
16
19
West Penn Ei class A—^..No par
7% preferred
L_u— U—100
6ft preferred
--100
1
90
.
;K *25% \ 26 \ !
7:
*82%
13%
:
26
19
19
62
Mar 23
19
par
No par
•
:
7116 7
85
13%
2
50
*18%
•
:
3%
*1%
*31%
»:
25%
$4 conv preferred
30
<
»
*24
50
*13%
13%
3%
*115
107 Va
*43
Jan
..
....No
77800 7; West Indies Sugar Corp——.
70% ; 71%,
71%
25%
50
*82%
100
J,-7.: i:,—7
.14%
v
' .1,400
2%"
:7' ? 500
a4%
.
26
107 Va
107%
7
r
13
27 Va
7
116 7
*24
13%
13%
13%
14%
116 V
Jan
6%
39
.
1
Webster Eisenlohr__
Wesson Oil & Snowdrift
7 *4% 7 5%'
27%
14%
71%
*107
■
.
Wayne Pump Co
100
-14%
7;; 7 2%
2%
115%
*24
"
*13 Va
.
15
7
800
8%
*97 7
'
100
58'%
1
50 7 "777 7
.
.
_„
43Va
-
*12%
27 V2
105%
17
4% Apr
Preferred receipts
Warren Fdy & Pipe
No par
Washington Gas.Lt Co—s.—No i>ar
Waukesha Motor Co—
—5
•
1,600
108%7l08%
V
.
10
300
?
\:..:.7{^7f{Vv,7:7i
7
Jun
—
23
7x65
—
|
*8%
57%.
-
13
5lA
Jan
% May
No par
69 V2
43%
'
100
2%
Apr
22%
16
—.No par
—
$3 preferred
2%
*46
*4Va
9%
Dec
Apr
5
I6V4
*66%
58%-
14%
2%
5% ..'" V
14%
19
•
69
*12%
\
*43
*2%
16
50
*97-
28%
;
2%-
16%
58V4-
13
28 Va
85
:,v
16%
*46
'
26
*18%
16V2'
15
2%
50
*82%
16 %
"•
•
100
15
7
7 107
7*43 7;
j
108% '7;*108',108% '
*12%
72%
25
12%
78%
8%.
*4372; 45%
^7
50
->97
116%
25
*25%
7'
,
.14%
*115
25
12%
13
..
46
60
108
"7.77;\
28%
70%
116%
25
"
5%
7
*4%
%7 .>
*{i.
•;•
1
*66%"
9
•
50
;;v
2%
r
:
'
.15
'
16%
67
8%
__7
25%
67
Dec
15%
—
Apr
—100
$3.85 preferred—:———No par
Receipts.
.
120
25%
*2%,
6%
4
No par
k
IWarren Bros Co__^
•
:
*15%
16%
•;
'
400
v
*22
> 16%
Class B—
7ft
preferred
Warner Bros Pictures
400
1
23
*22
*12%
*
...
10
7.1''**'■
*%
16%
16%
*58%
*%
23 •7 '
26
'2%
*43%
f
v;
52
108%
13%
*97
•
59%
*50
17
..
7
,
8,100
I
25
16% "
•
13
7777
.44%
58%
53
nos
9
'44%
:
400
79%
26
17
18% Feb
23
'
1
16%
67
200
1
.,
5%
J
*76
25
*2%
;
?
22%
*23
16%
16%
__7
*22%
15%
*12%
i
16%
*2%
46
:
13
16%
300
i
30% Jan
'7% Jan
Apr
.97% Jun
preferred with warr
100
.Walworth Co
..—No par
3%
Walk (H) Good & W- Ltd—.No par 7 31%
" Div redeem preferred
.No par
13%
Ward Baking Co cl A——.No par
,7. 2%
500
>
;
.
2
6% Mar 25
,16
4%%
1,600
%
.
5%
79%
*23
26
15%
*16%
59 fs
'
*21%
16
2%
■*44%
> %.
*22
5%
*%
22%
26
16%
7 *8%
7
"76
V
1
•.
22%
21%
67
16%
23 7
5%
25
16%
*66
77*%:
;
*22
13
*2%
,
76
*15%
"
16%
23
21%
v
23
5%
16
21'% July
,,,
_
—.
f
:
,7
*3% 73%
a
'
•;
23
5%
7 i
36%'
*15%
3%
: •;
Wabash RR preferred———--100
Waldorf System
No par
Walgreen Co—
—.No par
:
1,500
3"%
36%
f;,—71
>77
102%
3%
37'
7 *%' 71-.7
%
•••:
*22%
25
3%
36%
'7 %
76
79%
%
Va
":;7
1
1
25
*22%
•
,*76
U
OSL
*21%
>
5%
-
*15% -16 7.
'
'■3%
%
23
23
5%
79%
*
%
:,*22
5%
5%
*76
.
*%
78
2,000
7%
18%'
'
*%
23%
*7%
18%
37%
16
23%
18%
4
37
24%
7
18
102%
*15%
*15%
23%
•""*7%:>;7 %:'.
Apr
Oct
n Nek
;a'8..<
r-i
.932
THE COMMERCIAL
•**
&
J .?• ~*'K' •//fr;;
.
a I ^
& FINANCIAL CHRONICLE
Bond Reeord «»New York Stock
FRIDAY
WEEKLY
-
'sup
Monday, September 14,- 194?
Exchange
YEARLY
-
'
NOTICE—Prices
,
"and
are
interest"—except for
;J;: the! Week, and when outside of the regular weekly
income and defaulted bonds.
Cash
and deferred
sales
delivery
disregarded
are
in
the
week's
range,! unless they
the
are
transactions of
only
range are shown in a footnote in the week-in. which they occur... No account,is taken of such sales in computing ^the range for the year, /
indicate in each
italic letters in the column headed "Interest Period"
The
case
the month when
the
bonds
mature.
V:,
,.
,./.'I*
•,
"1.
/
PVv
;
.t.
New York
Interest
Exchange
JI
Stock
Ended
Week
Last
•\
,
,
'•■
?
.
Government
Bonds
,
Range Since
January 1
1
'
S.
Friday's
or
Sale Price Bid & Asked
Period
Sept.
o-
U.
■.bonds
Week's Range
Friday
BONDS'
Low
Sold
High
Low
No.
c
Ended
Sept.
A Colombia
-
*114 .25 114.28
114.14
116.2
*106 .27 106.30
106.26
108.27
•»
109.17
110.8:
Treesury
1943-1947
"J-D
102.6!./
102.21
104
102.23
Mtge Bank 6y2s
3%s
try
Treasury 3s__
Treasury 2%s^2J^U
—1956-1959
i..
*110 .18 110.21
.
..V \
109.14
Rica (Rep of)
(Republic of) 5s
Cuba
110.29
7s
°f06 .31
<_1949
External
.'
loan
4y2S-_
Treasury 2%s,___
Treasury ,2%s™_'.
108 1
110.28
4 V2&
M-S
el 09 .30 el09.30
107.29
110.17
*105 .7
105.9
106.9
Sinking fund 5%Sj._^_,____1
A Public wks 5y2S__:
107.1
*107
105.9
1-
'. •'
•»
.
107.16
;
J-D
'el09.90 el09.30
i
M-S
—^-1949 -1953
Treasury '2Vis~—
—,—1950 -1952
M-S
1952 -1954
*106.25 106.27.
M-S
Treasury 2Vis
Treasury. 2Vis
■J-D
—1956 rl958
>
110.18
^
debt
Treasury 2%s____
——1951 -1953
1
K'w '! "
Treasury 2%s
103.6
104.6
Treasury
(
Mar75T948"-1950
2s__
t
Federal
..
1949-■1951
15,
1949-■1951
,
103.14
100.4
100.17
11
100
series
M
—1945-1947
York
Unification
103.14
105.16
A El
AEstonia
Salvador 8s
••
:
101.21
103.27
J.
*104.5
104.7
104.5
104.27
Finland
...
AGtd sink
fund
t
M-S
*101.5
'V J-D
101.7
.1 J-J
101
102
104.4
.
104.4
;
103.27
104.24
—1980
100.9
__
*100.8
-
j-d
100.5
.100.20
100.4
IOO.61
100
100.22
102.22
103.23
s
f
s
£7s series
A
External
s
f
AExternal
s
t 7s
103.14 103.14
__
,A-S
103.161
*103.14
•:
M-N
-1
*103.14 103.16
M-N
,
103.17
..
AExternal
i J-D
;
el01.ll el01.ll
v
sec
,103.19
% A 7s
A 6s
.
f
S
f extl
conv
101.10
5s
4%s__
F-A
•
A-O
*39
M-S
25
*37 Va
-
44
12%
12%
12%
12%
1971
conv
loan 4s
1972
Apri;l_i._i_1972
of
1927
1957
1928_.ll
External g 4Vis of
A-O
-
10%
■'
1
-
11
1
►
External
s
12%
A-O
A-O
12%
*27 -
J-D
91
M-N
12%
;3
■
12%
2
14%
f 7s
91 •''•-61%
,
80% /
79%
F-A
72%
72 V'4
!
-
10%
-
M-S
:!'s7}
14%
88
95
"
—1955
J-J
/
71%
60
! 24
65
70
84
76%
19
(US)
69
99%
-i
.—I960
'3%
s
30 y2
33
28
32
55
is y4
32
56
(State)—
J-D
31%
30
32%
M-S
66
66
66
1
56
1960
—1952
f ,7s
s
1942
M-N
assented
AExternal
5
43
'
"
>
9
100V2
101 Va
15
'
97%
97%
J-J
97%
■''*4%
M-N
18 Va
M-N
A-O
A-O
17
18
17 V'4
93%
93%
97%
2\
"i
,
13
17%
13
17%
17%
34
1961
F-A
16%
16%
38
12%
17%
1961
J-J
18%
18%
1
151/4
18%
1962
sinking fund 6s
assented
A-O
1963
sinking fund 6s
M-N
1961
__1963
Mortgage Bank 6y2S
1957
A6%s assented
1957
M-N'
17%
37
*17
17%
16%
13%
18%
1958
-
16%
17
17
17
'
J-D
15%
■
15%
5%
7%
5%
/: 5%'
•
15%
14 V*
=7%
5%
'-7%
5%
7%
"
6
;•
,'9%
14%
7%
17%
10%
17%
.75
'
■■/__■.■ ■'
83%
80
-
85
70
/
96'
M-S
62%
!1
!
i.i.'!', 85'/;.. 86 -V
96
F-A
.
A-O
F-A
.
> :96
v,96
-
'96
96
-1970
-1955
/,.*58%
A_1963
*56
A-O
.
'/•'
r
62%: 62%' f
58%'. 58%:.,/.
* A-O
J-D
.
63
44
19
80
83%
48
86
1
83% -96
2
84
*
53
.
3
1
4
96
62%
,51%
59
50
,
•j';.
69
59
50%
!;5
m-n
f
s
f 5s
s
ser
to
ext
f 6s
-1994
__
.
*50—
.
60
m-n
__
j-d
__
m-s
*55%
67%
65
57%
67%
65*
57%
70
*103 >4 106
.
50
64%
;
68%
101 % 104
1947
m-s
1959
m-s
12% /
11%
12%
12
j-d
12%
11%
12%
32
7
13%
11%
12%
16
7%
15%
1961
ser
gold 6s_i—
12%
!
a-o
1940
12%
11
8%
,7%
/
14%
15%
*8
a-o
,—1958
a-o
*8%
a-o
*14%
23
^^1968
a-o
8%
7%
.9
f 7s—_____ 1947
s
27%
I960
7s
1st ser
f 6s 2d
s
sink fund
14
8V4
8
15
5%
9%
gold 8s„__1950
j-j
*8
9%
7%
10%
1963
J-i
*8%
8%
5%
10%
15
1
9%
16 %
1961
J-D
1966
j-j
*13%
14%
8%
1952
m-n
*17
22%
10 y8
19%
1947
f-a
78
50%
79%
8s_____1946
1953
15
78
*15 V It
10
16
16%
16
13
16%
10%
18%
14%
,
13
15%
15 %
15%
12%
a-o
f-a
14 %
8%
16V*
16%
9%
16%
8%
14%
(State of)—
^_1946
a-o
"
external sink fund gold__
1968
j-d
A 7s external loan of 1926_
1966
m-n
a 7s
=
1967
j-d
municipal
loan
Santa Fe external sink fund 4s
A Sao
Paulo
(City of Brazil) 8s
s f_
(State) 8s
14 Va
1964
m-s
"3
1
*13%
1
j,.
Paulo
18%
j-j '
30%
31
16
30
30
4
30%
30'%
60%
63
extl water
loan
1956
extl dollar loan
1968
A-O
16%
*41 %
J-J
1940
18
1
m-s
11
16%
32
42%
26%
31
25
30
8
20%
30%
86
54 V*
66
__
17%
18%
11%
1
j-j
A 7s
S A Secured
1
16%
'
m-n
m-n
18%
A 6s
71
68%
1936
external
17%
68%
1957
A 8s
18%
16%
62%
—•
1952
17%
13
10%
>5
18
*13
!
1950
A6%s extl secured
5 A San
13
17%
13%
17
s
12%' 16%
J-D
*7
18
y
13
1961
J-D
15%
15%
a
13
6s
1961
A-O
1961
12%
A-O
~7
16%
16
1962
M-N
7s
A 8s
secured
series B
A Silesia
(Kingdom)—
external——i
(Prdv
sec
of)
63
extl
;
"
7s„
7%
M-N
*6%
7
m-n
*6%
7
4%
7%
7
4%
6%
1958
j-d
*
1958
extl
A4%s assented—
4%
1962
1962
j-d
*5%
1955
f-a
5
%
-7V4
4%
72%
40%
6%
16%
AGuaranteed sink fund 6s
f
Serbs Croats fx, Slovenes
A 7s
-
.
F-A
A 8s extl loan of 1921
13%
15
*18
•
1956
Alegre (City of) 8s
13%
17
82%
15
7%
*15%
.
■'
F-A
1957.
11943'
13%
''
J-D
s
(Rep of)
15%
*18
17
72
>/
•;
m-s
14%
*18
it-s
A-o
1962
Sep
.
16%
2
r
j—_
A4%s assented
A 6s
,
4
J-J
7/8
'
,
18%
12%
16%
M-S
6%
,
13%
7%
*80
external 7s_—
Rio Grande do Sul
18%
18'/«
Jan 1961
1961
6 V4
m-n
,ARio de Janeiro (City of)
i
A Extl sec 6%s
5
151/4
18
—Sep
>78
•. •/.
5%
20
6%
;e%
j-j
1959
(City of Greater) 7V2s
Queensland (State) extl 6s
,
2
18
69
.•
/ ■
6%
6'A
*83
Prague
97%
10
17
"
;
-.3
II <>
'
97% 101%
5
18%
66%
5
6%
'
J-J
-1958
AExternal loan 7%s
98% 100%
13
97%
>
j
s5%
-
j-d
Stabilization loan
APorto
98% 100%
2
15
100 y2 100%
.
A4%s assented
100% 102%
101%
1015/a
55 *
,
4,,
__
6%
m-s
(State of)
(Rep of)
AExternal
103%' 107%
100 y2
6%
■
—1959
A4%s assented—
A
? 49%
9
F-A
assented
AExternal
46
101% 101%
101%
M-N
1960
46
106 y8 106'%
Jan
f 6s
assented
A 6s
■
Feb 1961
6s
sinking fund 6s
A 6s
46
A-O
'
'
—
3y4s
ANat Loan extl
68%
Feb
fund
s
'
82
80%
7s—,—/—1952
extl
(Rep)
?
67
59
1960
assented
A6s
57 Vb
1
1942
sinking fund 6s
ARy external
AChile
,1954
8s
External
sinking
A Extl
7
66%
-
J-J
assented
A 6s
63%
!'66%
J-J
assented
A6s
63%
66%
J-J
,1967
A Extl
63%
1944
—1968
9
9%
(State)—
ANat loan extl
,
M-N
J-J
q-j
1933
^^1963
,
A-O
__1961
3s
A 7s
1-
•
12%
6V2
5si——
i
*70
F-A
3s
85 i
'6%
12%
6%
—1967
66 Va
.—1984
m-n
6s„—in- .____i1944
APernambuco
641/4
56
30-yr 4s__
ASinking fund
6%s
1961
A63/<s assented
A Guaranteed sink fund
A 6s assented
A 6s
assented
1962
A 7s
assented
AChinese
Colombia
(Hukuang Ry)
of
1928
A 6s
of
1927—
external
Fnr
M-S
J-D
16 V<
15%
16
~7
*15%
15%
15
13
s
Oct
-
f $
footnotes
1961
|T__Jan 1961
bonds__^
see
page
1970
937.
A-O
;
—1
15%
■
—•
s
f 5%S—
AUruguay (Republic)
extl 8s
*67
1946
f-a
AExternal sink fund 6s
I960
m-n
*75
AExternal sink fund 6s
1964
m-n
*75
13
161/*
3%s-4-4%s
1979
m-n
15%
11%
15'/4
12
15%
47%
21
39%
48
47%
3
37%
48
35%
11
29%
37%
External
External
($ bonds of
conversion
extl conv
4-4 %-4 %s extl readjustment
3%s extl readjustment
AWarsaw (City) external 7s
A4%s assented
73
76
71%
80
74%
1937)—
readjustment™
3%-4Vs-41\.
71
71% -71%
*75
16%
16%
45%
35
Sydney (City)
14%
47
J-J
A-O
'
.
12%
14
15%
*12%
__
(Republic of)—
A 6s
3s
5s
15%
M-S
1951
7s
*7
*17
M-N
1960
1960
A Chilean Cons Munic
t
85
•
8%
8
80%
J-D
q-j
assents
5s_^.
f
s
mod
JApoland
4
(City)
>
70
3
30-year
A 6s
44
62%
(Rep)
82'
!r >47% : 62
*76%
J-D
:
APeru
70
62%
__1945
AExternal
36%
70
62' :
1976
85
•! 66 ;
/ *6%
1954
___1945
AStantped assented 5s
'
62%
1,
•> >
-
Ext sec ref 3%s series B—_•
Stamp
67%
62%
30-year
AChile
34
62%
2ytS_.
A Carlsbad
98
61-
J-D
1945
(City) sink fund 4y2s
A Panama
19%; 34%
F-A
3y»s
7-year
18%
37
M-S
2%s
25-year
1
1976
—
10-year
71*
__T1977
—-1975'
V
'65/
*60
.-1945
i 6%s_
s
(City)
Municipal Bank extl
34
f 4y4-4%s__
5s
••
6i
■;
"
22%- 36%
29 Va
29
■*'.
•
.__1965
99%
f 4%-4%s____
(Dom of)
01*
A-O
t
.™__1963
100
M-S
external s f $ bonds-
Canada
16%
'
,
—1961
f 4%-4%s
70
16%
8 .■•}•
•.
/m-n
1954
.,
.__/
(Province of)-—•
s
70
65
13%
*8
.
'
8
a-o
extl 5s of 1899 £
f
s
External
«•:
99%
31 y*
70
External
69
3iy8
*65
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'•
-
83
A-O
J-D
s
61%
68
*84%.
;
A-O
76 s
A-O
F-A
Refunding
36 %
83
1950
stamped
/;"
18
*84%;; __•
f 6s series A__1952
Norway external 6s—_
76%
83
1958
External
j-d
^1964
series A—.—
External
Oslo
99%'
*99 Vi
Sinking fund gold 6s
A6s
38
*99 Vi 100 y2
Sinking fund gold 5s
Buenos Aires
*
—1957
f -5s_„—
>
69%
<73%
16%
68
-J968
-74%
•
__1952
Ry)—
70
63
'J
//"/■/;,
external si 6%s—
External
1
80%
38
32 V'2
s
«
m-s
1945
extl 6%s—_1960
s
New South Wales
65% >74%
74
99 Va
J-D
(City)
;/
6 '
'11
AAssenting 4s of 1910—.
A 6s
;
35
M»
80 %
>7 A
<66%
M-S
f 6Vis of 1927—-1957
A7s .(Central
68%
i
•
29%
72 V'4
72Va
SABrazil (U S of) external'8s
1941
AExternal s f 6Vis of 1926—-1957
Brisbane
68%
»
a-o
stamped assented——1943
ASec external
14%
11
// "72'/4
73
*V-.73
J-D
s
>
//
ao
1969
68 Va
j-j
.
AMontevideo
14%
.
*
'ft, 74
M-N
,
t i ,n 3%
59"
68 Va
68%
7s________1967
Assenting 5s of 1899—
Assenting 4s of 1904,—
A Sec
14%
10%
74 ""
72
72Vi.
A-O
J-J
^1955
AExternal
//. 63
72
42
r*-
h
,
61
m-s
v
(Colombia); 6%6_—1954
Mirias Geraes
14%
18%
31%
M-N
—1956
!
f 6s
s
'
70
70
■■70
*15
§ A Treasury 6s of 1913
14%
10%
'5
-v.
J
—1949
Belgium external 6Vis
External
*68 V'4
a-C
48%
•
26%
22%; 35%
a-o
j-j
*
5$ of *25-1955
»
>
■
32%
10 V«
13
A
A
42
32%
'12%
J-J
43
-25%
12%
_
(CornmonwTth)
5s
33%
33%
dep______1948
(Prov) 4s readjusted
Irrigation—
'
A4%s
98% 106
*.
123'«
loan 4s Feb,,,
External
33'%
29
4
"2 *
M-S
V
AJugoslavia (State Mtge Bk) 7s___1957
>
12%
—1958
conv
S f extl
Australia
37%
101.10
42
*39
*12%
1st
external
loan
of
Irish Free State extl s f 5s__
(National
S
45%
;
1969
ctfs
(Republic)
A Mexico
J-J
Government)—
S f external 4Visj—
/___
__1948 '■
'
9
45%
.
•'
5%s___^_1940
part paid--:™—-—,
.
104.23
74
102 Vt *l; 102 V4" 102 V2
J-J
f 7s 3rd series—1957
s
J-D :
J-J
_1945
C,L
7s series D—
(City)
\
___________
Government—/
part. paid—
Greek
'-r,
104.25
1
3
vel03.10.el01.10
,1945
7s series B_
serieS—,1957 '
AExternal sec s f 7s 2d series___19571
Argentine
37%
104.20
*110.13 110.16
n41945'
coll 7s A_;
AExternal
20
103.24
100.10
*100.7. -100.9
.'
_£___1947
21
i
->20
.
'
.•
,_l__i_,'_1948'
83
1.01.5
f
.>
*100.10 100.12.-
■
M-S
'
1_L
AExternal
Antwerp
'
.
/'37%
45%
f-a
a-o
7f stamped_:______l949
unstamped_______:
! «
i949
V 7s
(Colombia)—
6s
(Dept)
*18 Va
-fs
j-j
(Republic) extl 6s___„
Mexican
Akershus-(King of Norway) 4s____1968
AAntioquia
>15
:■'•* 18 %
l'
a-o
French Republic
■
Mendoza
'/ ' ■
Foreign .Govt. St Municipal"^
Agricultural Mtge Bank
AGtd sink fund 6s
.
*
a-o
!'
V
../I:
'
.
,
102% 115 '
68%
105.21
'■
City
Issue—'
Corporate Stock——
"• !c
fund
(Republic of)
100.24
.
8%
12
V
1944-1952
New
Transit
•100 v4 107
109%. 110
1955
5'/2s 2d series
.
AMedeilin
-
12
Corp—
3s series A—
,1%S
.
sink
101.4
J-D
103%
22
77
.
■
___1962
^
Helsingfors (City)
__L_1944-1949
102% 102%
100
--
77%
*"■•>1041/8 104%/
77%
.
101.17 >
AHaitl
Loan
'*102 %t J.J
JU-'*
w'
J-D
1____1942
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/,
102.18
T8
101.7
Mortgage Corp—
Owners'
1945
Customs Admin 5y2s 2d series_J_1961
...
J
series
105.9
i J-D
3s
Home
§A2d
*105.7
J-D
—1944-1964
•'>
'
;■
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i__1953-■1955
Farm
12%
18%
/ '99 % 101
18
*102%
•
J-J,
.!•:
101.5
'.*104.28 104.30
*
;
6s
I
.
J-D
__™u--;--1951-■1955
3 Vis
.
:
1949-•1951
__Dec.
c__
Treasury 2s
Treasury JZs
<
15
15
——
Treasury 2s
•
Jun
—Sept
Treasury 2s
Treasury 2s
.
s.
15 1948--1950
Dec
Treasury 2s__-
<
J-J
.——1954.-1956
.1947
,'t "
r
100.11 100.15
.:i:
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—1—1952 -1955
_
_.
«
f-a
§ADomihican Rep Cust Ad 5V2s___1942
§ A 1st series 5V6s of 1926.^
._1940
106.23
107.2
'
Treasury 2Vis
Treasury 2s
—1.
■>"-
j-d
^__1953
External gold 5y2s_
/External gold 4y2s
107.7/
105.24
106
>103.3 *103.5"
///
M-S
>•/:"-.
.
■'-i;ioo
F-A
30
«(
105.25
106.17
,
106.19 106.19
*103.20 103.22
J-D
1967 -1972
_
___.
106.8
106.8
,
106.19
M-S
1962 -1967
2Vis—_
Treasury 2Vis
■
.
18
.
__
32 V'4
17%
,
"
external
A Czechoslovakia (Rep of) 8s ser A_1951
/• ASinking fund 8s: series B__-_
^1952
109.31
104.31
*104.29 104.31
J-D
1948
Treasury 2Vis
Treasury
109.12 109.13
'
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i.1!* ■•■hi \'' ti3
x
29
>18%
109.25
108.16
-
108.313
108.16
108.11
109.7
107.30
107.2
108.15
10 107.12
*108 .9'
*109 5
J-D
1945
V
,_1949
107.4
109.5
J-D
>
:
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31
25%
g
•
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M-S
<_1977
-
*110 .13 110.16
M-S
.1960 -1965
28%
29%
25%
;
V
,
"
'; M-S
.1958 -1963
2%s
1
2
'
§ A Denmark. 20-year extl
L
Treasury
-
-.-la-aA
01
M-S
(
27%
27%
I
High
25%
)!
27/4
27Ve
"M-N
1951
.
1904
External 5s of 1914 series A
■
(.
L—-li.1,/-1951-1954"
Treasury 2%s
108.14
Low
m-n
1953
January
No.
*26%
«
:
Range Since
Sold
High
Low
f-a ;
,
A Costa
105.20
107.7
Bonds
Friday's
or
...
j-d
M-S
23/4S_—"-_i_,_';_1948-1951
Treasury
Treasury 2%s
103.25
Last
/
a-o
1946
___1947
Copenhagen (City) 5s
25-year gold 4 VaS^u._w,/_-^,
■
*103 .26 103.28
!;—•
"
J-D
1-1945-1947
.
,
*107 .13 107.15
J-D
1955-1960
Treasury 2%s«__l.
"l
-
102 .24 102,24
102.
'1
A-O
„1949-1952
—1946-1948
——1951-1955
___
*102 .4
J-D
'
^1946-1949
Treasury 3s
<*108 .31 109.2
A-O
__1943-1945
-.-1944-1946
,
3Vis,—
3%Si._l£.
Treasury 3 %s.
.
1947
ASinking fund 7s of 1927-;
/
Week's Range
,
Sale Price Bid & Asked
Period
104.20;
•
Tret) dry
M-8
Friday
:
/
Interest
-
/
11
ASinking fund 7s of 1926__u
A-O
J-D
Tret
•
,
:
.—1944-1954
—1946-1956
Trea ttury
*
Week
,
Treasury
i
New York Stock Exchange
^
,
High
—-1947-1952
Treasury 4Vis™,Treasury 4s_
<
'
1979
57%
j-d
_1978
f-a
57%
*51
m-n
1978
55Va
58%
58%
*45
58%
143
53%
51%
57%
"I
51%
57%
54
60%
41%
47
57%
55%
59
52-
9
59%
1984
j-j
1958
f-a
*6
7
4%
7
1958
f-a
*6
7%
3%
7
\
Volume
Number 4107
156
THE COMMERCIAL & FINANCIAL CHRONICLE
933
NEW YORK BOND RECORD
BONDS
!«.-•*
New York
Week
Stock
Ended
Friday
>
Exchange
Sept;
-.
Railroad and Industrial
Interest
:.
,
V;
11
Period
Week's Range
BONDS
-i Last
or Friday's -•
Sale Price Bid & Asked
Low
High
;
Bonds
Range Since
Sold
January 1
•
•
,
No.
Low
■
Friday
NeW York Stock Exchange
Week Elided Sept. 11
,.•••
•
'
n.
*
•
*
•
.1
^
High
Interest
or Friday'*
'
'
A
unstamped
J-D
,__1953
AStamped
—L..i-_____1953
Adams Express coll tr gold 4s..____1948
Coll trust 4s of 1907
____;
1947
J-D
*50
10-year deb 4'As stamped—
Gt
Southern
cbhs ks'
1st
1st
cons
J-D
.*
BViL_V'_'_i;..iV-1943
series
registered
Alleghany Corp—:
'
'
r
■,
modified-——_4~-1949
5s
t.
modified__......
&
Am
debs_i_l._1951
Internat
Corp
5%b<
conv
■103
debentures-.
54
3'As
debentures...
v
94%
85
90
Celotex Corp
78
92
^Central of Georgia
"
3s
conv
Amer
90
l
t
■i
90
72.%
-
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•♦
■
"
A-V-,—1948 ,i
AGen
:
•
F-A
M-S
V, General
3
•
;l;'-33r«;'t;:33'A-:34%;7
Af-S
duej—:_19S0
1947>
1
VJV
A-O
:
Chicago Ind & Sou 50-year 4s—___1956
A >
29%; •"
V J-D
( Toledo Cin Div ref 4« A__j___i__1939 !
18%
24
11
47
20%
V108%:
.108%
,
M-S
66%
57%
j'/
t*1" \
•
,
to
IFeb T 1960 "♦••
,
F-A
5s_-__r.__jr__,__1960
__1950
4s
94% 102':
28%
.
due——1995
(int at 1%
ser D
19%
8.-th
15'/a
10 '
■
i>6%' 69%,"
-
19%:">,:
-_",'V,r;i8'!'i' 19%-
A-O
__1_1950 A
3l/ss
_
due.______
to Jan
-
58%
J-D
Pgh L E & W Va System—
'}; i ■ < V
Ref gold 4s extended to_—1951 7
S'west Dlv 1st M (int at 3%^'"
v/
■
6QVf
3.'
5
13'%'" 18%
3%s_-l_;__T_-^1962
JAChic Ind & Louisville ref 6s A__1947
/
!■
J-J
(1938 issue)
Illinois
23
^
& gen
AConv
-
30%
45%
.
A-O
ser F (int at ,l%'to
•"
Sep'1 1946) due_______L_i__1996 -
V'
'
:r.,s
'
,;rvIllinois division 3'/2S____"__'_--_— .1949
"•
__i____1995 'i
Sep 1 1946) due___—,_——2000
-
*
L___Julyl948
(int at 1%
due.
ser
Ref & gen
/
due
A
ser
1946)
'
to
__1987
(1935 issue)
83%
,
a"
23
v''1
v v.-'
112
69%
-
17%
„___1987
/." V
93% 100
'
210
.;.,;"i6%vn%v
A-O
deb 4%s
2d
104%
:
12
70%
104% 104%
A-O
'
J-D
J-J
J-J
ARefunding gold 5s series B
A Refunding 4s series C
July 1948
Stamped modified bonds—
1st mtge gold
(int at 4%'
„?
153
R
.
,
:1st mtge gold 4s
j;
369
Potts Creek Br 1st 4s__________. .1946
1
"
B
RR—
19%
.
f deb 4%s
AGen inc
Baltimore & Ohio
18%
r
A-O
J-J
Ref & impt mtge 3'/2s D
Ref & impt M 3'/2s series
104%
101
120
'
,;T. ioo'a ioo'a
M-S
93
100% 103%,
2
28%
/
49
59%
i-19
•f/V'88%1f 88%;:89%%
r|';;v_- .^*105 '"■.■i'L"''"'
92%:
109% 111%
-
32%
-
59%
V
1007s
Chicago Burlington & Quihcy RR—
81 %\
69%
59"
Vu •'•6% •'
5%"
67'a
,
6% : •' 5:, j: 6%
<
,'V— ..4, 24
24
A-O
'
4s______1961
Chesapeake & Ohio Ry—
; ~ General gold 4 %s
112
101% 101%.
V
22
55
100
■t"
JJf-S
"S I
427B
37
'■";:V'.V_
104
„
101
10
'
Jf-N
97% 100%:
03% .63%
70
1948
Atl Gulf & W
11
„
49%
30%
•
________1987
gold
•
99% 10274
98'/«
M-N
gold 5s-____1987
'
59
106%; 103%
30
F-A
t
gtd
Champion Paper & Fibre—
110% 112%
81
A.
M-N
Atlantic & Danville Ry 1st 4s—i_1948
88 %
>87%
•7 103'A 103%
81
■r
J-D
1952
89%
97%
"
*102% 103
103%
M-S
unified
95%
77
'47
100'/, 100 %
J-D
3%s_V_—_l_1968
registered
Guaranteed
106'/a
6
.
*101
J-J
July 1952
.81%
'
Certain-teed Prod 5%s
106 % 111%
101
111% 111%
J-J
1st cons 4s
11
102
69%
,
48
:
<
103% 104
J-D
5s series B___»i___J_1944
30-year
Atlantic Coast
,104
*111
Af-S
_1946
92'A
92%.
1945
5s_-Vr_—1946
gold
99%
105%
,
i.___1945
1st
•97%
72%
8974
103
17
§ Aqentral RR & Bank'g ofGa 5s4_1942
104 Vs 106'A-
9
*100,
J-J
1962
gold 5s_
1st
26
111%
92
•
J-D
1958
4'/2s A___
V
.
99% 101.
<
.*103% 104%
J-D
ref
&
:v.f
•
-
«,
1003i«
J-D
1948
Nov
Central N Y Power
M
46
•
62%
:»•
43
>
.
92%
,
92%
'
Cal-Ariz
32
;
*■
•111
J-D
______1955
,
1st 4s___
iV
;
105%"
111%
M-N
—1955
1910——I960
Short L
v
*99%
104%
.104
A-O
u.___1995
1905
63%.-64
f
104%
<
gold 4s
Ry—
•
of N J gen
'
;
62
108
•/
High
108% 1117#
58
108
*48
J-J
(Central Pacific 1st ref gtd gold 4s4l949
V Through.Short L 1st gtd
^s-____1954
108
34
>.r '
t
;
v^r
F-A
109%'
S
.
V
89%
102
101:
87
6
;
,,,
1st
AGenerab 4s
,
103% 1051
r
91%,
50
J-J
1995
gold 4s of 1909—
Trans-Con
-•
;,V
108
91
■i
'
-1947
w__.
5s registered
"V 4s
105% 108%
s
104
-
U P
w
Illinois Light
New Eng 1st
j A Central
.101%
'
-_,._____-__1995
Adjustment gold 4s
Stamped 4s__
/
V V'
'
MS
■
95
*__
I
F-A
,-1962
5%s series B
1959
ARef & gen 5s series C„_V
.__1959
AChatt Div pur money gold 4s__1951
59% ' 69%
<■«
16
f
•
deb 4'/aS
A Mobile Div
■■
.
>104%
'
.
Q-J
>
(Del)_1957
'
•
*
,
Jan-
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del). 4s B_
.1955
':
94%
M-N
gold 4s___-__-1981
Corp 3%s dcbs____-V.
Branch
.101% 104%
184
V-
106% 107%
100% 101 :
:!*•;
''V.V-v/'
M-N
.
13
89 Va
105% 108%
?
...18
99%
i«107% 107%
1067/s.
•
v
j-j
1975
33
.
MS
ARef & gen
.
100'/a 104:
V
—A
19
■
108 '/#
107 % 108
r
.
conv
Am Wat Wks & Elec
99%
94%
J-J
1
-1950
w_.
mtge 5s—
§ A Consol gold 5s
.
u,
99 %
■
101-
f
a-o
V-'
deb_i_:»__1960i
Ml..
w
A 1st
76%
51
.
.
.103% 103%
99%
63
3
51%,-,
64
'{<* 68%
■
.34
.
104 'A 105
103%
:
..
.
108
<
69 '/4
i
,,
*
'ii
f
73
56 :,/4
*63
:
-
108
V
'51
1
'
'A-..
tv
J
t*.
.
••A
.
89
"72%
'
r
Adir 1st gtd
A Cent
.
M-N
1966
99 %
J-J
Ohio 4s'__L»__^J.1965
*89%
J-J
=<
_1960
Corp 5s
Celanese
M-S
:
/
,2-1949
;_.S___V<.-_
Clinch &
Carriers & Gen
Cart &
F-A
.
:.i„_-1961
___
Carolina
103%'
American Telephone & Telegraph Co:—
3'As
4'%s
,,
104% 106%"
49
105% 105%
:
7
72%
'
trust
63
M-S
,
J-J
Low
111%
71%
.
J-D
•.
t§ACarolina Central 1st gtd 4s__n_1949
62
A-O
Mfg conv 4s__i_„__1952
.1944
h/_ _1954
No.
93%
A-O
.
ctfs__
5s__
55
A-O
.
.
Foreign Pow deb 5s_jr.*„Jk__2030
I G Chem conv 5%s__,'ii--~
1Q49
Amer
Collateral
•
— —
_1946
gold
81'/2
Va
Am
•j
trust
65
F-A
_1950 ^
Corp 4%s
Coll
■*.*W
106%
.,-104% 104%..
66
4'/as
trust
5s equipment trust
92%
J-D
'
>
Allis-Chalmers
Coll
.
92%
,
____1944
A5s income%_..______,:.,*.;_1950
Alleghany & West 1st gtd 4s_i
U998
Allied Stores
>
A-O
r
modified
5s
*56
«
■'
5s
2
*56
I
.
A-O
1946
_
99 %
62%
98% 101
4
A-O
>
M-S
72%
102
106'A 106'A
.
A-O
7274
44%
104% 104%
J-J
'
,
J-J
65 V»
*104 % 104%
103" 103
"J-D"
Alabama
Power 1st mtge
3%s_;
1972
Albany Perfor Wrap Pap 6s_,i».t:__1948
6s with warrants
assen,ted______1948
Albany & Susquehanna RR 3%s___1946
3%s
104'
J-D
...
J-J
Can Pac Ry 4% deb stk perpetual
100% 101%
*100% 103
F-A
1946
A 5s—1943
50
:noi>/2
'
Ala
51
50
50
-
M-s
r
Canadian Northern Ry deb 67as__ .1946
)
High
111
s
series
Range Since
January 1
Sold
•
Low
Companies
Bonds
„
Sale Price Bid & Asked
.
■
JAbitibi Power & Paper—
§A5s
Week's Range
Last
j '
Period
1
'F-A
II
•
'
* 105
.--A-O
107%
108
*106
*105
F-A
.--J-J
-
-70% /'
70
108
105
108
1077a
»105
.
70%
12*
63y«
83%
THE COMMERCIAL &
934
RECORD
NEW YORK BOND
Last
Interest
Period
or
Bid & Asked
Sale Price
—_
Income deb w w————Apr
Commonwealth Edison Co—
;
91
2
86
87
226
110
108 Vi
108%
'-
•
108% 109
mtge 3Vis—
1st
mtge 3Vis
1st
mtge 3Vis-—
1st
mtge 3Vis—
Crane Co 2Vis s f debs——
1950
f debs—-—1955
Crucible Steel 3 Vis s
5Vis——1942
18
102% 104 3/s
32
104
2
gold————1952
34%
35 Vi
36
-
36.
91%
80
•■/I
,
35%
107
109 Vi
1
108%
109%:
9
108% 111 Vi
12
*
7
*5
'
2
90
31%
13
26
28%
31
28%
8
30
21
30
31
28
1
23
Vi
28%
3
23%
2
30.%
34
A 1st
...
23%
33
86%
93%
Internat
——.1969
1st & ref 4Vis—
1st mortgage 4Vis..
i
I
JADes M & Ft Dodge 4s ctfs.u.—..1935
$ADes Plains Val 1st gtd 4%S—1947
Detroit Edison 4s series F—
1965
& ret
mtge 3%s series
& ref
3s series
2
V;
.796
21%
,
v
6
1st lien gold 4s 1995
Detroit & Mackinac
''
*
A
/
gold 4s—_——1995
& Tunnel 4%S——..1961
Chemical deb 2 Vis
—-1950
J-D
J-D
.Af-N
M-S
Second
Term
Detroit
Dow
-
«32
•
18%
33/4
7
L_
A-O
tSADul Sou Shore & Atl gold 5s—1937 y/V J-J
Duquesne Light 1st M 3Vis
1965
J-J
t*
32%
■■
/
Elec
1st cons gold 5s
(NY)
Ed El III
ox
493#
50
1st
El Paso & S W
stamped—_
5s
Railroad
Erie
*
,
\
•'
.
/•
7:
DiY
Ohio
1st
•
&
4Vis
'
Af-N
M-S
•52%
91
7
S -50%
155
103 •
;■
1
4s—„—1956
deb——1961
JFonda Johns
§A2-4s
J-J
J-D
Af-S
7 7
"52%
418
45%
563/i
106
108
95
- "
97
deposit.
of
107%
105
2
]
88%
"2
14%
90 '•
16%
98%
58
34
70
3%
7
...
1956
Francisco Sugar coll trust 6s__;—.1956 7
65%.
v
57%
73
8%
3%
79
M-N
31
2%
5
4
3%
13i
4
3%
•*._
2
80
Goodrich
(B
4%s___
1st
F)
1956
Gotham Hosiery deb 5s w w._
1946
Grays Point Term 1st gtd 5s
1947
.
153s
.
10O
15%, 153#
31%
94
Northern 4%s
impt
69
94
21 Va
80
94
108%
18
100 % 100%
7
98% 105
J-J
5
88
Gen
mtge 4s series H
Gen
mtge
...
3%s series I—
...1946
1946
1967
A Debentures
Gulf
1st
Mob &
West deb ctfs A
ctfs
Nor
.
»'•
*
&
Term
s
footnotes
see
84
.
.
Af-S
105% 10634
103% 106-V,
;
100
"100
98
•
102/ >
%
134
*13#
106%
101
104%
10534 106
100
84
v
\
•
—
IT#
3% to_.j._.7....1947
gold 3%s____1997
.1997
registered.....
'
"
99 Vi
A-O
99%
99%
13
98
100
72
/ 89
>
F-A
88
87%
89 Va
178
/-•
F-A
88
87 V#
89%
58
:
f *97 V#
98
95
97%
J-D
*79 Vi
82
75%
88
t
j-D
*73 V#
80
72%
84
35
46
70
80
J-J
■;V:'
:'M:
Dec
' 46
46
•
M
Ov;'l I/
46
/
•75%
-.', ■
A-O
M-S
i
'
,■
74
*923#
J-J
v
77
*72%
J-J
94%
75
75
V
.
■
T
67
•.
....
'
'
I... 75
2
■
*
.
963/4
67%
80%
'■
-
-
F-A
.
y
'
.
•
84
72
82%
74
58
70
58
72%
72%
/'
r
.
'
•
75
*71
■
99 Va 100
*81 Vi
*82%
F-A
,
-
.*■'•■
72%
12
•;;;/
80
•_
''
'
57
71%
13
58
72%
25
42%
51
49 Vi
49
50%
22
48
53%
30 Vi
2934- 303#
133
26%
.37%
29
F-A
29
29
32 Vi
32%
32%
*70
'•
72
45
443#
453i
,
.
_
F-A
J-J
Vi
72%
>
•
Leh Val Harbor Term gtd 5s___ —1954
Lehigh-Valley N Y 4VaS ext... —1950
79%
91%
*99%
■
-
—
.
Va
89%
r
1944
—1954
stamped.
1964
1st & ref sink fund 5s_._/.._
—1964
►' 5s stamped.
11st & ref sink fund 5s_..^
-,..1974
L—1974
5s-stamped/.i.
/
72%
".
—1945
stamped../
101%
93
A-O
'
Lehigh Valley RR—
4s stamped mGdifled__i.__
4s registered.^
<•
4 Vas stamped modified
4%s/registered^
-
y.
,
1
.2003
Af-N
.2003
.2003
.
.
Af-N
♦__
•
V
5s stamped
modifled-.^i...
.2003
ext 5s
.2003
Af-N
.1951
A-O
.1965
36 Vi
36 Vi
58 Vi
58 Vi
A-O
Leh Val Term Ry
Lex & East
J-J
J-J
J-J
96%
96
96%
32
93'/#
99%
Libby McNeil & Libby 4s
.1955
J-J
95%
95
95%
31
92%
97%
Liggett & Myers Tobacco 7s_.
.1944
A-O
73%
73%
73%
25
69%
79%
.1951
F-A
.1962
M-N
*9934
.1950
A-O
*104%
62
57%
1st 50-yr 5s gtd__
debenture
5s
Miami
gen
4s series A.
ext to
55
7%
10%
Long Dock Co 3%s
4
89%
95%
Long Island unified 4S
.1949
86
92%
.1949
Af-S
1975
J-J
68
68%
5
52 Va
53%
25
Guaranteed ref gold 4s^
4s
stamped...
Lorillard (P) Co deb 7s__4—..
66%
74 V»
46
59
i
5s
debenture—
Ark 1st 5s series A_
1952
J-J
*93
1961
A-O
101% 10134
1013/# 105
Louisville Gas & Elec 3%s
1969
Af-N
11034 1103a
109V# 111
Lou
92%
26
29
403#
29
38%
32
46
40
36%
20
58 Vi
2
93%
Louisiana
&
& Jeff
Bridge Co gtd 4s____
.1949
117 Va
104
106
111% 111'/a
10
111% 115
122%
3
122
116*
J-J
.1966
M-S
.1945
Af-S
2
96
96%
85
96%
F-A
.1969
102% 104
__
96
*
96%
3
79%
79 -V#
*105
105%
96%
92
98
91%
97%
119% 122 Vi
__
10934110
91%
111% 115
111V4 111%
*119%
79 Vi
121% 123%
105Vi 105Vi
—
96%
96 Vi
A-O
.1951
61
114
105% 10534
122
Af-S
.1944
517/#
~3
*115
Af-S
2
36
8
115
65
92
11034
83
84
*104
8734
page 937.
.90:
*106 V# 107
87%
Gulf States Util 3%s series D
For
,86
J-J
Af-S
Af-S
V
43 Va
80
84
91 Vi
M 5s stpd
f 4%s._
40 V#
90
8734
53%
110% 111%
95
.v
A-O
J-J
.
74
49
89
J-J
65%
108 V# 110
9
89 V#
*160
;;
4
,56%
28
..
*90
J-J
1st 5s__..i....l954
57j
,
V
5634
5434
643#
*40Vi
79
Vi
88
37%
■1 5
*84 V#
A-O
2015
63
7234
72
793i
68
82
109% 109%
•
J-J
1961
__._A
62%
•,
18
9%
533'#
97%
-.40
278
a;
♦110%,—
J-J
J-J
A-O
mtge inc 5s series A
ref
Vi
109Vi
5s
105%1087#
Gulf & Ship Island RR—•
1st
e
1950
Gulf Mobile & Ohio 4s series B:
Gulf States Steel
62
%,•. 72
12.
8%
13#
43
86 7',;
5434
82 3i
9%
59%
Va
5634
8134
Feb
5734
3834
93
53%
81%
*60
-35%
/
12
53
81%
'81%
: 96
'
90% 101
5":
47%
*83 V#
...1950
mtge 5s series C
AGen
127 ;;
.
,
1 Vi.
.82
_J-J
Feb
B
1st 5Vis B
59%
"
J-J
1st & ref sink fund Ss........ —1954
Little
AGreen Bay &
164
J-J
1977
General mtge 4s series G
5734
'
104% 105%
85
97
58 Vi
5634
97%
.1976
.
2
96
47%
;/;J-J
t,
'
108
General 4 Vis series D
;
*94 v; 943#
A-O
;
j
93 3i 105%
3
100%
General 4%s series E
103% 105
10
14
Lehigh Valley Coal Co—
.
90
/ ;v
'
31%;
24
94
14
20
108
90
39
V" *3#
Apr 1950 -.«/•; J-J
;
32
J-J
90
21v#
.2.
;—......
3s___1950
f
98%
—1973
General 5s series C
119
•
57%
58%
A-O
{r
)
83
J-J
.
37 3/
97
A-O
■
gold 4S.1936
5s..
Co Lighting
5s
1952
1961
series A
General 5%s series B__
24
K
t
Cons, sink fund 4 Vis series C_ —11954
,
Great
24
11%
r-''
A -»'■
104% 105
*943#
24
104
96
J-J
J
.
/
:
102 3%
24
97
*29
94
11
1043% 105
J-D
Lehigh & New Eug RR 4s A__i_ .—1965
t
96%
-33#
146
1
1st gtd gold 4s__1990
■|•'v. Lehigh & N Y 1st gtd gold 4s._
i
96%
25 v#
1%
435
-1033'b 1033#
57%
i;
F-A
,A 1st mtge income reg—Ai/i ../1975
J
,
•
J-D
.J-J
.
J-J
J-J
J-D
Af-S
J-D
1
1043#
Af-S
\
153#
I.
1949
Gen Steel Castings 5%s
1949
JAGeorgia & Ala Ry 5s
Oct 1 1945
tgAGa Caro & Nor 1st ext 6s
1934 7
11%
530
36 •/
.
1
v't;
;
24
"
Lehigh Coal & Nav s f 4%s A. ...1954
;
v
Gas & Elec of Berg Co cons 5s
■';%/ 99% 101%
23
"37
F-A
j
153i
7%
*102Vi 103
J-D
99% 102%
33#
23
J-J
> Coll ti; ref 5%s series C_____^_.1953
Coll & ref 5%s series D
..i960
Lake Erie &/Western RR— •• *.<♦
C
v
•
M-N
: 102% 105%
;
15
1
25 Vi
2 Vi
223#
Af-N
.1961
7
:
5s exteoded-at
14
70
233#
/v
23
\
Af-S
...
93%
*63
14%
'
3 Vi
A-O
S A Laclede Gas Lt ref & ext mtge 5s_1942
Extended ,5s
...1945
86%
106%, 106%
98% 98%-
;
1982
Machinery Corp 3s debs
Food
98%
27%
62
54
*13
7
—
& Glover RR'—
(Proof of claim)—
ACertificates
J-D
Af-N
7
1943
1959
1974
Central & Peninsular 5s
J Florida East Coast 1st 4%s
A 1st & ref 5s series A—
A Certificates of deposit—.
t AFla
78/
19%
*
108% 108v#
v.j 10iv# 10IV#
-
'"'■24
j-j
1959
1st 4s—
Steel 3 Vis
unguaranteed
.
3Vis
Fairbanks Morse deb
,1"^
*10 1 34 102%
1
66v#
'
;■■
-b/.- iv;
103
/103
4734
4' •;,..'
74 Vi
2334
110
*108 v#
A-O
Lake Sh & Mich Sou
Firestone Tire & Rub 3s
74%
*223i
..
52%
37%
'
45
70
91%
*95 Vi" 97
'
74 Vi
>'<■ 40%
117
:- x
44% 453#
104 Va
58%
13
67
—'7.77*103%,
4.
64 V#
99% 100%
'
91%
493#
f
A-O
(1st & ref 6 Vas_.
^......1954
Koppers Co 1st mtge 3 Vas_.1961
Kresge,Foundation 37c notes_l....-1950
lAKreuger ii Toll 5s ctfs.....
1959
109
150
105
i
J-J
*7" J-J
1971
3%s—__
mtge
;
1995 ;
inc 4%s series A——2015
Y & Erie RR extl 1st 4s...—1947
AGen mtge
N
7
/•.
.
67
vV
;.tr; 443#
A-O
•„; Plaint^A2A-;u2-^-^n-.—,
31
56 Va
77
A-O
A-O
' '
Co—
4s series B—...
1st cons M
'
5s————1965
—1965
'
'
-
79
1
,
A-O
.
99% 103
155
7 *104%
Af-S
3%s—1970 \
54
43
56
Kentucky Centraf gold 4sn—^__T_1987
/.
Kentucky & Ind Term 4%s
...1961
Staipmed---7,—A-..-1961 7
108 V# 1:0%
16
*"100% 101%
J-D
Auto-Lite 2%s debs...———1950
Elgin Joliet & East Ry
102
20
79
20
108
155
J-J
49%
50 Vi
V45 Vi
A A-/.
Kansas City Term' 1st 4s......rT_1960
103%'
15 Va
102-
V
" M-N
.1995
39%
62
4s-____1951
.
95 V#
80 V#
102
i*105
' A-O
45 Va
3
95
..1955
5s_/.--_.—
i
Kings
Ry Minn Nor Div 1st 4s—1948
East Tenn Va & Ga Div 1st 5s_—.1956
46%
62
Kings County El L & P 6s_____..__1997
East
40
50
_a_.1947
Kansas, City Southern Ry 1st
40
17 Vi
5
10
110%
,5
*'_■•"
1972
1st 5s
t J AK C Ft S & M Ry ref
ACertificates of deposit
106% 108
I 109%
)
Ref
90
■1
109%
57
41 V»
J-J
F-A
Tele? deb gold 4%s.._1952
Kanawha 81 Mich
'
.
101% 106 Va
*108
•>
53
J-J
A____.._1955
6 Vis..
ref
6%
87
78'/a
109 V4 lll'A'
102%-102%
58
57
4
57
41 Vi
' J-J
3%
108% 112%,
18%.
18%
<3*83%
83
»
»
4%
37
■
71
58
j-j
Jones, & Laughlin
19%
*10934-110%
104% 104%
102 Vi
Ry 3ViS—1962
Dul Miss & Iron Range
■.
8134
•57
series A & B...1947
5s
James Frankl & Clear
'
•:
*79%
J-J
J-J
F-A
Paper
Debentures
i
1%
1%.
111% 111%
'
V:'
11%
28
*82%.— V7:
.'C
'
20
6
:
J-D
j-j
lAIbwa Cent Ry-lst & rel
21%
199
2%.
18'4
49
21%
10%
246
3%
-
38 Va
128
108 Vai
10%
129
17%
45%
'•
104 V# 105 Va*
f
104
3~v"
2%
18
A-O
M-S
J-D
G—1966
H—1970 ? "
Gen
Gen
•
A-O
J-J
Af-S
-
2
21 %
..
19%
v
/■/.
F-A
5s series B——Apr 1978
A Ref & impt
../;/ 19%
58%
4434
44%
'
106% 1073/4
'
F-A
.
7
21%
J-J
$ADenv & R G W gen 5s_Aug 1955
AAssented (subject to plan)——
!
21"
7,7:-J-J
-
:.
48%
7__„„-1956
Hydro El-deb 6s___'__.___1944
Int'Telep &
61 >/4>-
51%
*108%
J-J
;
2
104% 104%
J-J
-
—1969
gold 4s—1936
,
1936
JSADen & R G 1st cons
gAConsol gold 4%S
: 90
107% 107%
:
J-J
103% 106%
101 % 101%
56%
47
gold 5s-series C
6
101%
55
5434
.....
,7-2
56
50
54%
M-N
F-A
•
•
90'%
*
39%
J-J
Int Rys Cent Amer
'•»
80 7
45 Va
AAdjustment 6s series A.^.July 1952
-A 1st,5s series B
____1956
33%
56 Vi
46%
46
4(5
.
Ref sink fund 6s series
J-J
J-D
Af-N
mtge 3s———1970
Union Ry 3Vis series B—1965
Delaware & Hudson 1st & ref 4s—1943
Delaware Power & Light 1st 4%s—1971
49%
383i
44
Af-S
1st Tien &
Dayton P & L 1st
3934
31
80
46
43 3i
lAInter-Great Nor- 1st 6s series A.1952
3534
D
Dayton
53%
167
45 Va
-
'
86%
c;
65
m-N
-
j-j
90%
10
44
8634
86
42%
j-j
*27%
106 Vi 106 Vi
453#
J-J
92%
84
90
49%
& Iowa
Internat
90%
99% 102%
90
483/«
1st gold 4s
...1950
1st gtd 4s_____1956
Ry 3%s series B__.i..._1986
Inland Steel 1st mtge 3s series F__1961
Inspiration Cons Copper 4s-__.__.1952
Interlake:Iron conv deb 4s_____.__1947
33
33%
20%
8 34
102 y4
102
49%
j-d
34
33'%
A-O
192
Af-S
A-O
M-N
-
39%
35
33%
28%
V—-
1934
*30.
tAlnd & Louisville
33%
29 Vi
J-D
19 Vi
*86 V#
Ind Union
37%
23%
.
45
35%
118% 120%
36%, 4834
122
19 Vi
j-d
Ind 111
94%
;
33%
34%
4634
*86 V#
,_____1963
1st
1st & ref 4V2S series C_:
99% 1013/a
)
45%
102
ref 5s series A__-___.._1963
Joint
107 Vi 109 34
27
108%'
100% 101
91%
91%
■; 48
119%
46 Va
108;
106
107 Vi
.108%
43%
42%
*119
*91 Vs
..1951
111 Cent and Chic St L & N O—
110% 110%
108% 108%
403% 103%
;
A-O
Springfield Div-1st gold 3VaS__._195l
Western Lines 1st gold 4s_.____.1951
109% 109%
:
427/i
98% 103
1
J-J
J-J
r
*
.1951
4
gold 3s sterling
trust gold 4s
Gold 3%s
1
109%
—
v
5
110%
J-D
-
>
35%
23%
19
9i%
9i %
23%
25
3
35%
35%
35%
J-J
.
receipts——
A7Vis series A extended to
1946
ADeposit receipts
—
—A 6s series B extended to—_—1946
ADeposit receipts.
—
Curtis Publishing Co 3s deb
1955
12
35 Vi
106%
103
106%
:
105% 108
101% 105 %
4
103 Vi 104
J-D
ADeposit
110%
108 3%
v,
105%
101
103%
J-J
1952
Refunding 4s__..
__„_____1955
(Purchased lines 3V2S._.____L..r_1952
•Collateral trust gold 4s_...._.__1953 7
Refunding 5s__l^
1955 7
40-year 43/45..*.^
......1966 .
Cairo Bridge gold 4s_
1950
Litchfield Div 1st gold 3s
1951
; Louisville Div & Term gold 3%s_1953
/
; Omaha Div
1st gold 3s_.
1951 /
St. Louis Div & Term gold 3s..._1951
108% 110
'
104% 104%
106% 107%
receipts———————— i-:. :
ADeposit
ACuba RR 1st 5s
110
34%
1981
2%s series A
%lst gold 4s_____.______._—.1951
1st gold 3%s_-L_________..___.t_1951
Extended 1st gold 3V2S_.___
..1951
1st
103% 104
.
_.j
Collateral
105
'
'
,
61% 91%
102% 104%
1
89
Central RR'—
Illinois
109%
106
104%
A-O
J-D
§ACuba Northern Ry 1st
31
—<
,110
103%
f 5s series A...1962
s
1st
122% 127
103
89
.
1083A 110%
105
Af-N
M-N
M-N
M-N
V M-N
.1965
.1967
.
—1970
————1966
_——
_1969
mtge 3Vis—
1st
•1st
35%
■
High
■
119
*109%
Power Co—
Consumers
21
3'
Low
No.
High
'
*102
.
A-O
1st
Gas
Illinois Bell Telep
*112
J-J
J-J
J-J
Feb 1957
Co
AAdj income 5s__
*
108%
132
35 Vi
108%
J-J
—
'•
-
•
.
7106
110% 110%
A-O
A-O
A-O
J-J
J-D
*
■
Sold
•
; 126 34 126 34
12634
,,
Af-N
J-D
M-N
; F-A
Hudson
78 34 101 Vi
\
110%
,.
gold 5s....._.1949
Hudson & Manhattan 1st 5s A
1957
Hudson Coal
i
102
85
J-J
A-O
M-N
"
-
31 Vi
33%
.
108%
*111
Consolidated Edison of New
•,
2534
84% 102
3
91 Vi
F-A
York—
3Vis debentures——_—_———1946
3Vis debentures
1948
3Vis debentures.—.
1956
3 Vis debentures.——
—1958
Consolidated Oil conv deb 3 Vis
1951
jAConsol Ry non-conv deb 4s
1954
A Debenture 4s„
1955
ADebenture 4s_—
—_ 1956
Consolidation Coal s f 5s———1960
88
15
207
25Vi.
J-J
J-J
•
793/4
284
83
91
*109
J-D
.
$§AHousatonic Ry cons gold 5s—1937
Houston Oil 4%s.debs
....__._1954
24Vi
86
J-J
A-O
——1958
Conn & Pasump Riv 1st 4s———1943
Conn Ry & L 1st & ref 4Vis——1951
Stamped gtd 4ViS—
1951
Conn River Power s f 3%s A——.196,1
Hocking Valley Ry 1st 4%s_...i.._.1999
Hoe (R) Ca 1st mtge...
.......1944
91
May
-
66%
101% 103%
"i
82 Vi
F-A
I—.——1968
mtge 3Vis series
Conv debs 3 Vis—
1st
71%
91 Vi
A-O
J-J
A-O
M-S
1 1969
63%
58%
Range Since
January 1
Bonds
Friday's
H
—
25
Af-N
•
61
101% 101%
- M-N
1955
1st extl 4s
ACommercial Mackay Corp—
Columbus & Tol
34
65 Vi
*103 V*
or
Low
84
55
64 Vi
Vi
61
Last
Sale Price Bid & Asked
High
75%
77
59%
65
Low
3
H
Sept.
Week's Range
Friday
f
Interest
Period
Exchange
Stock
Ended
Week
1
January
No.
High
76%
A-O
A-O
A-O
J-D
F-A
A-O
1972
1st s f 5s series B gtd
1973
1st s f 4Vis series C
——1977
Coal River Ry 1st gtd 4s
1945
Colo Fuel & Iron gen s f 5s___
1943
5s income mtge.
—1970
A Colo & South 4 Vis series A1980
Columbia G. & E deb 5s
May 1952
Debenture 5s—
Apr 15 1952
Debenture 5s
—1961
Columbus & H V 1st extl gold 4s__1948
Columbus & Sou Ohio El 3 Vis——1970
Term gtd 5Vis
Union
Sold
York
New
Range Since
Bonds
Friday's
Low
Cleve
BONDS
Week's Range
Friday
bonds
Stock Exchange
Week Ended Sept. 11
York
New
Monday, September 14, 1942
FINANCIAL CHRONICLE
27
3
77%
84%
108% 110
105
106
.Volume 156
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
BONDS
York
New
Week
t
Stock
Ended
Last
Interest
11
,
.
Week's Range
Friday
•
Exchange
Sept.
Period
Low
Louisville
&
ref 4'%$ series
1st & ref 4s series
1st
A-O
C
Unif mtge
A-O
2003
.1950
-I960
91%
85%
82
J-J
Week
High
Atl Knox & Cine Div
-1955
4s__
1
M-S
,
1
,
V
,J-J
;
•
1
—
Ref
104%.
mtge 4'%s series A__
Manati Sugar 4s sink
Manila Elec RR & Lt
1945
_._1960
fund__Feb 11957
f 5s_
80%
86%
101
108%
N
104
106%
N
80
Manila RR (South Lines) 4s______1959
t§AMaoitowoc Green Bay & North¬
western 1st gtd 3%s
1941
Maripn Steam Shovel s f 6s______1947
M-N
."11
Stamped
91}
Y
5 A Market
St
Ry 7s series A
V
I
McKesson
98
94
,
95
J-J
106
:_1968
m-a
A-O
*67 Va
F-A
9
106
•
"2
>.
1st
gold
Ref
&
&
Sag 3'%s__
1951
3'%s
—1952
;_1979
Michigan Consol Gas 4s_—1963
t§AMidland of N J 1st ext 5s_—1940
AMilw & Northern
1st ext 4y2S__1939
AgConsol ext 4%s
tSAMilw & State Line
1st
ref
&
§ A 1st
M-S
106%
A-O
60%
60%
13
116% 116%
1
116
/F-A
111% 111%
1
111 »A 115
37
4
M-N
L_
103% 104'/a
M-N
Impt 5s___,..1943
55 %
55%
5,6
M-N
—___1973
\ 58%
58%
58%
J-J
.
,7-
*100
'
■
15
52
1
54
„
M-S
36%
36%
37%
9
19%
37'%
M-S
34'%
33%
34%
110
20'%
34%
A-O
34'%
33%
34%
71
deb
4s__
18%
J-J
deb
4s
_____._1955
__i
certificates
6s_'___;
deb
>...1956
36
M-N
3 y2s_—1956
J-J
34'%
._l_____„1948
J-J
37
71
19
37
37
77
19%
37
ref 4 Vis series of
1927.
34%
58
43%
45%
177
23%
45%
A-O
57%
57%
58%
54
40%
61
M-N
8%
7%
8%
63
3%
8%
1967
4s
33%
•44'%
1940
6s
J-D
41
42'/a
223
21%
42 Va
00 C^l
83%
68
73
85
7%
311
1%
102
41'%
M-N
M-S
~8% i~9 %
9V2
3 Vi
Q-F
AGeneral
1.
19
§A2d
6'A..
149
1%.
1%
V 34
%
1.4.14.15%
611
5s—____________1938
J-J
15 M>
14%
,66
9%
15 y«
4%
M-S
iy4
15%
15%
15%
89
ref 5yas series B—
5%
10
3%
1%,
1%
17
1978
J-J
*64
1st 5s_—1959
t A Missouri-Illinois RR
J-J
J-D
41
65..
39%
M-N
;'
.-ft#
■
*
'
>
J-J
44
4'/a
*106% 108%
J-J
.106'%
104% 106%
106% 106%
7
35
34%
Prior lien 5s series A
gold
4%s_
—1937
F-A
F-A
Y Telephone
■!'vUw
'■
•
*32
n
103
J-J
.361/4.
1962
J-J
30%
Prior
lien
ACum
4y2s
adjust
series
D________1978
5s series
A—Jan 1967
Niagara Share
Norfolk
60%
41%
i%
66
14%
18%
11'/a
24
9%
15%
88%
5
75'/*
93%
deb 5'/2s
Southern Ry
Co—
*r7%
108
Pacific RR
ref
&
-
108% 109'/a
108%
6
108% 109'/«
5
109% 111%
3%
North
35
36%
163
24%
M-N
*103'% 103%
.
31%
136
20
33%
J-J
32'% :
31%
33
A-O
22%
21%
23%
ACertificates
!
A General
A 1st
110
21
Amer Co
.7%
North Central
RR
5s
J-J
71%
' A-O
29'%
A....1961
1st gold 4s_1996
3'/2s_,___—...1949
deb
71%
7
69%
74%
30%
133
21%
30%
28
1
23%
28%
126
O-A
" F-A
•
71%
29%
28
F-A
1954
:
s—
126
3
124% 128%
103% 103%
103%
1
100 y2104
,
Gen
23%
A 1st
ref
A
of
ACertificates
A 1st
of
A 1st
136
ref
&
8
M-N
~4%
_5%
1,670
1%
,
——
series H—
of
1949
M-N
1980
A-O
34%
422
21 'A
2%
1%
'
'
34%
1,329
M-N
93%
173
V
93%'
M-S
47'%
48
F-A
A-O
A-O
Montana
Power
J-D
103%
Montreal
Tramways
J-J
"89
Morris &
Essex
ref 33/4S—1966
ext———1951
5s
1st
gtd 3y2s__—.2000
Constr M 5s series A__w
—1955
i
Constr
M 4%s series
..1955
B___
Mountain States. T & T 3,y4S—
1968
Mutual Fuel Gas 1st gtd gs——1947
33
y,
21
~
V
102
1
54
102
5
111%
5
109
110
1
103% 104
9
89
M-N
38%
M-N
89
•.
36%
34%
38%
35
M-N
&
Dairy
6
89
31 y*
18
Nat
Distillers
series A—1978
68'/a '
F-A
3 %s_—___,—.1949
M-S
3y4s sinking fund debentures.—1949
Steel 1st mtge 3s—19.65
67'A
102 5%
A-O
Prod
'
—I960
National
fANaugatuck RR 1st gold 4s,—.1954
Consol
Newark
Gas
cons
England RR
JANew
A Consol
5s—....—1948
gtd 5s_——1945
—i—
—1945
gtd 4s
M-S
:.
1
507«
50%
51%
50
65
66%
141
55%
55%
4
J-J
&
impt 5s series D—.—_20£7
States
Power
100
Edison
Teleg 4'/2s ext..
1st
J-J
,
'
25
mtge 3%s,
:
■■'
90
Gas
J-D
67
64'%
64%
64%
118
N
F-A
14
•
-
:
J Pow
A-O
109% 109%
& Light
1st 4%S—1960
New Orleans Great Nor 5s A—;•—1983
N
O & N E 1st
Orl Pub
New
v
1st
ref
&
ref &
1st
Ser
5s
imp 4y2S.—_1952
,
-
Transmission
Ore
*123% 124%
t§AN O Tex & Mex
J-J
76
76
Short Line
81
81
20
107% 107%
Steel
Otis
72%
ACertificates
A 1st
5s
series
of
1st
A 1st
5s
series
C
ACertificates
A 1st
4%s
deposit
of
series
Coast
Gas &
1st
series G
J-D
106%
J-J
J-J
.1961
J-J
.1962
J-J
10-year 3%s
Ref
&
&
Conv
N
Y
48%
50%
51%
47%
47%
47%
49
82%
8
53%
53%
19
3%s
&
y2s
3s B___.___l.1960
For
52'/4
61»A
J-J
1998
coll gold 3 y2s——1.1998
F-A
73%
registered
.1998
see
page
937.
F-A
68
M-S
99%
51%
Parmelee
A-O
/ 47%
39
..
40%
38
M
gold 3s loan
Trans', deb
,
ctfs__.__1955.
6s__^_.__i.__1944
G & E
cons
!
■
/
51
97 r-
54'A
53%
201
46
62%
374
49
8
5
*47
48%
48%
*46
433A
59%
97 M»
69
67
593A
.
85
93 '/a
1
108% 108 %
2
106
1
107% 109
109
95'%
84%
102% 102%
10
94%
'/* 108%
105
100'/4 103 '/4
5s
•
1949
68
99%
99%
,2
42
58 '/a
118
J-D
68
98% 100%
40
47
M-S
1942
68
*35
49
118 V*
■
•
Guaranteed 3 '/2s trust ctfs CI,
1
Guaranteed
Gtd 4s series E trust ctfs——.1952
3'/2s' trust
ctfs D,__1944.
102A 102 h
J-D
*107
J-D
Pa. Ohi.0 & Det
A-O
,
1st &
4'/2§ series B,i_„
Penna
4%s
Power
debentures
ref .4'/as A
1977
_____—,1981;
& Light
F-A
102%.
105
108'%
102 y» 102%
49
ioY%
;1969
F-A
105%
F-A
101%
105
~9
100
105% 106
34
105
108'%
101 y4102
17
99
107%
100% 101'%
104
101'% 102
*1011/2 102
J-J
107
100'/a 105%
103
*103%
__1974
3'/2s__
102% 104'%
*103% 105%
M-N
62'A
J
79%
63%
78%
53%
49 Mi
61%
49%
50
48%
45%
47
102 Va
19
Pennsylvania Co—
/
/.
f
s
Pat & PasSaic
7.
53J
j
1st
49
45
93';
73%
102 %
99
951/3
:
l
Paramount Pictures 4s deben.tures„1956
42
73%
*52%
F-A
F-A
-.
87
47
99
5
105
102%
51%
222
69
F-A
footnotes
48%
52
J-J
registered
97,
47%
61%
1997
3'%s___:
51%
96%
A-O
1998
coll gold
M-N
Secured 4s_—
—__,_1963
Pennsylvania Glass Sand;3'/2s—_'_1960,
49%
>
11
J-J
47%
.
M-N
3y2s——1997
registered
Mich Cfent
3'%s
Hud River
•
/
47%
90
109
108 %
34 7A
39'
47
51
-.
93 '/a
38 f
10
50
95
J-D
f gold 4»/as—1955
..
95
37%
24
53%
s
102
A-O
mtge 3'/4s series G____—..1966
Ist
y2101%
102
J-J
Pacific Td & Tel 3.'/4s series B—4.1966
Ref
101
102
F-A
RR of Mo 1st ext gold 4js__ 1938
§A2d ext gold 5s
__i__,1938
'
v
50
82%
"
14
44%'
91
J-D
§APac
107%
*89
106'/a 109%
Paramount Broadway Corp—
49%
107'/a
78% 101%
3
41%
97'
112%
104
108% 109
34
F-A
13
18
108%
49
A-O
110
J-D
51%
...
*47%
A-O
1Q8%
109% 112'%
J-D
&
51
1946
99% 100
106
ref mtge 3'%.s series I___,_1966
1st
A-O
2013
f__—
impt 5s series C———2013
3y4s
1952
Cent
3
s
8
103
102% 105%
110% 113%
105% 107%
,
secured
Lake Shore
^
sec
impt 4%s series A
107'/a
10
111Vi
107
100
J-D
1961-
.
Ref
106% 106 %
110% 110%
1
107% 111%
Panhandle East P L
*100
105
*111
]09 %
102% 104%
102.1%
7
44%
J-J
*101 A' 103
.1946
107% 110
107
.
11
36%
44%
Newport &• Cincinnati Bridge Go-> General gtd
£_1945
N Y Central RR 4s ^series A——1998
9
*104%
105
12%
113%
11
A-O
14
109'% 109'%
"
4%
108% 108%
108% 110 %
—
107% 108%
105
.1946
12
108%
.
'
•
109 %
.
M-N
■.
108 y4
153
<'
110% 110%
44%
49
«...
■
113
43
47%
*
•
12%
107% 107%
•'
110%
44
■F-A
F-A
,
J-D
_1943
11'%
-L-
i.a.
113
A-O
51
...
.
J-D
Paducah & 111
F-A
J-D
..1964
H
80
51
102% 102'/a
J-D
ref mtge 3%s series
72
•
'
J-J
gold 5s.__...1946
El 4s
&
105
:
109% 111»/4
__
—
1st & ref mtge 3s series J_._....1970
1st & ref M 3s series K
.1971
!
;
82
75
Co
1st
6
deposit.—.
1st 5'%s sei^as A.,._.^j—i;_;l954
ACertificates of deposit—-———'
mtge 4'/2s ser A__
11%
I'
M-S
,
.1946
gold 5s.
28
deposit..———_
D.1956
ACertificates- of
gold 4s__
cons
79%
__
____1956
Pacific
;
77%
-743/4
*39
—1954
of,
con
1st
78%
%
.
__1966
5s__ _,._1945
1st
79»A
J-J
deposit
B
ACertificates
75 ye
-
1
107% 107%
inc 5s_—1935
1st gtd 5s.
Oregon-Wash RR & Nav 4s—...
107% 110
2
J-J
A-O
n-c
F
Guaranteed stpd cons 5s
120% 124%
-
2-;
J-D
Orleans Term 1st gtd 4$——1953
.1967
3%s__^
J-J
M-S
1946
Oregon RR & Nav
117'% 120.%
"
New
A
118
series A—1952
5s
59%
109%
76
56%
40
B—...__—1955
series
48
108
92%
56
*74
N
117%
32
117% 119 '/2
66 %:
M-N
54%
69%
59%
■
66 %
England Tel & Tel 5s A—
1952
gtd 4'%s series B.—_
1961
J Junction RR gtd 1st 4s—_—1986
1st
*110%
*101%
M-N
..
__._1972
Elec
&
Power N
Pacific
New
i
1965
debentures
4s
102% 104'%
93
M-S
J-J
,
.
4s_1948
mtge 4s:—.
1st
99% 100%
7
*117%
1944
mtge 4s—.___
•1st
Oklahoma
_
62% ;69%
W' <103'% 105'%
16
V
100
103'%
100%
6
'
,,
56 '/8
44%
57%
48
109% 109'/4
F-A
1943
;42%
102% 102%
M-N
55 '/4
73%
Co—
1st & ref mtge 3'/2s—1967 "
1st mtge 3'/2s_._
.1964
i
Ohio
32
•
40
65%
-
51
A:
*39
O
111% 112'/8
102% 103
100%
J-D
J-J
68%
104% 104%
45'%
42'%
78
66
J-J
Ontario
104%
debs.,
"39
38
41%
J-J
Northwestern
106% 109%
*111% 112%
J-D
Prod 3'/4s
38
71 '/2
41%
J-J
(Minn)
N
Nat
.68
impt 4'/2s series A____—2047
Ontario
Nash Chatt & St L 4s
27%
48
Ref
35% ;43%
46%
35%
69
108% 109%
74
41%
Q-J
111%
<82
69
38%
34%
J-D
V8
*69 Mj
98% 104'
1
37%
73
73%
Q-J
,Q-A
107% 112%
103% 106 '
37%
1997
/
110
J-D
27%
Pacific prior lien 4s.
3s registered.^——_.__.—__2047
.
Northern
93%
42
101
55
A-O
~
Q-F
Ref
34%
80%
10
114
99
Ref & impt 6s series B__.._
2047
Ref & impt 5S Series C_..2047
;•
,,'
33%
111
111
*99
119
112
*
1945
lien
(Wise)
8 A Missouri Pacific Ry—
1
•
; '
3rd 7s extended at 4% —July 1938
1st &
\
21%. 34%
Moh'k & Malone, 1st gtd gold 4s_,.1991
series B—1966
113
-
registered-,—,_
1997
ry &.ld gold 3s..__Jan 2047
Gen
2%
109
34%
33%
4s
33%
24%
Monongahela W Penn Pub Serv—
1st mtge 4%s__,
,,,____,_1960
6s debentures——
—_—1..1965
*112
100% 103%
119
■
34%
24%
F-A
Northern
32%
2%
of
guarantee)
ACertificates of deposit.
31%
34%
34
deposit,
Monongahela Ry 3'/4s
•
21'A
178
34%
ACertificates
?
'/4
%
A-O
*
'
guaranteed gold 5s_„_.__._1945
1st mtge gold 5s (stamped can- J
cellation
34%
•/! 34%
34
103
119
,103
:
5%
33%
34%
103
*115
M-S
>
r_____1974
4'/2s series A
JNorthern Ohio Ry—
21%'r 34%
25%
..1981
ref 5s series I——
of deposit—
A
34%
deposit,—,
ref gold 5s
&
ACertificates
34
23%
G___——1978
AConv gold 5%.s
f
34%
34%
deposit—
series
5s
5%
M-S
4l
25%
.
ACertificates
■•/.
M-S
.1977
•
F-A
M-S
"
7.1974
& ref
gen
1
35%
368
•
deposit
4s
ref 5s series F_,
&
F-A
A975
of
.1965
101% 104
41
29%
A
A—;—
7%
'
*
Norfolk & Western Ry
Co—
5s series
110
786
6%
A-O
..1950
21
7%
110% 110'%
M-S
mtge 4'/2s series A—
.1998
AGen mtge 5s conv inc.........2014
t§ ANorfolk Southern
96% 100 V
30'% 44%
126
(Md)
1
109% 110
■'
J-J
A 1st
A 1st
38
:
35
88%
■
J-J
1st
1st
;
1
Missouri
107
29
4
10%
10%
M-N
3'/4s series B_—..J.967
Debenture 3%
—1962
48'%
109% 110%
'
•
40-year 4s series B___
2%
39
6%
Missouri-Kansas-Texas RR—
,
7%
1%
2
*110% 111%
J-J
4yaS____1946
Niagara Falls Power 3'/2si—__,__1966
Niag Lack & Ont "Pow 1st 5a A...1955
15%
-
% :.
*98% 100
Kansas & Texas 1st 4s——1990
1%
44
.
15 %
9%
4%
•;
ITa
6%
'
gold 5s____i__
.1940
ATerminal 1st gold 5s__________1943
9%; 15-%'
J-J
V„
.
7 '/a
1%
15
J-J
•
A-O
§ AGeneral
9%
4'/«:
J-J
1949
34%
"
t§AN Y West & Bost
—
J-D
Rys prior lien 6s stamp___
1958
1st 3'/2s—
,..1963
}§AN Y Susq & W 1st ref 5s
..1937
37
—1938
5'%S__
:
'
gtd 4s—1993
cons
N Y Steam Corp
•
stamped—
1955
1st
Y
N
29
3%
.
'
■
M-S
N Y Queens El Lt & Pow 3'/aS—.1965
":.'.45%
18
1992
4s___
N Y & Putnam
•70
2%
1%
M-N
L.1954
*
68
'/a
37
:_,1934
4s_
tAN Y Ont & West ref gold 4s_'
"
J-J
34%
36
35%
"36
1957
trust
Debenture
lst
63
r 29
21
64
103'/*
96
38,.
,91
28% .29
59
Ve
100
—
3y2s._._.,__,..1947
A 1st &
67
58
36%. .37%
119 '/4
'
3'/2s_—1954
A
104% 107
CO
M-S
8 A 1st stamped 5s gtd as to int__1938
A 1st & ref 6s series
A—
,.1946
Mo
107 '/4 109
J-D
■
:
deb
'70
93 V*
53
4
61
*56 y2
A25pyear
A 1st &
106% 108%
6
<
deb
§ACollateral
■
•
107% 108'/a
108% 109
3
A-O
Harlem gold 3y2s_—_—_2000
Lack & West 4s series A-——1973
AConv
9
69
57%
106% 106%'
J-D
J-D
50-yr 5s series A—-1962
consol
83
&
A Debenture
N
i
64
71
ANon-conv
tMinn St Paul & Sault Ste Marie
S A 1st cons 4s
60
AN on-con v
67'%
4%
97
56
——1949
gold 4s
ext
99'% 101
5
108'/a
'
106%
-
41
70
*._
J-J
1947
3'%s__::_1941
t A Minn & St Louis 5s ctfs.t.
&
*65
M-N
1939
}AMilw Spar & N W 1st gtd 4s_
A 1st
M-S
69%
ANon-conv
109% 112%
9
100
tAHarlem River & Port Chester-^-
impt 4%s series C
A Ref
99%
2
A-O
Y L E Si W Dk Si
Michigan CentralJack Lans
93
ANon-conv
105%
104
2
1
8
1966
Y
95 'v
63%
72
99%
98%
64
__..r1965
Y
101
103
111% 111%
Merop Wat Sew & Drain 5'%s____1950
tlAMet W Side El (Chic) 4s_
,-1938
96%
79%
tN Y New Haven & Hartford RR—
ANou-eonv deb 4s
1947
40%
100%
,
; 97
12
9
63
Y Gas El Lt H & Pow gold 5S...1948
Purchase money gold 4si.__.__.,1949
•
*104% 105 y2
83
218
Si Erie—See Erie RR'
1
95
58
63%
79%
79%
3'As series D.
High
71
99%
100
F-A
N
53 y4
30%
rV
A-O
A-O
■
3
22
98%
A-O
N
99 %
77
62%
—
1951
N
55 >/*•
•
43%
42
98y4
Q-A
,-,1956
46
*99'/4 100
Low
99 y2
'
..,—.,.1947
;r
Q-A
& Robbins S'/siS-.,.
Metrop Ed 1st 4%s series D__
3
January 1
HQ,
85%
79
II
76%
'
J-D
Connecting RR 3y2s A.,._,_.1965
4%s series B___
■./—
*23%
(Stamped mod) ext 5s_^—-—,1945
McCrory Stores deb 3'/4__1955
63 Vu
1st lien & ref 3'As series E
__
A-O
Apr 1940
C
N Y Edison
108% 111%
6
49'/a
.
J-J
A-O
___.__.l_
series
Y Dock 1st gold 4s
Cony 5% notes__
83
.86
18
—
Range Since
Sold
105
104
48
49%
*30
76%
A-O
82 Va
47
M-N
A-O
M-S
__
82
M-S
1974
1978
N
3-D
A
1st, mtge 3y2s extended. to___7__1947
6s debentures,
1950
2
__1953
s
series
Ref .4 y2s
8
Bonds
High
-
,
5 V2S
93%;
89
89%
*109% UQ
J-D
Chicago & St Louis—
98
M
Gen
Low
84
82%
Week's Range
or
Friday's
Sale Price Bid & Asked
•
90'/4
N Y
Maine Central RR 4s series A—
Last
Period
42
.<•■■
*•
■
York
Interest
H
n
104% 104%
*6&% 80
*-.... no%
'
89%
M-N
99
Friday
Exchange
Sept.
86
*107%
F-A
M-S
Stock
Ended
92
82
i
.1946
Louis Div 2d
6
104'% 104'/«
J-J
gold 3s________ .1980
Mob & MontgTst gold 4'/2s_^— _1945
South Ry joint monon 4s
.1952
St
Low
York
New
January 1
N*.
„
100% 101
86
A-O
2003
3'%s series A ext
Unif mtge 4s series B ext
Paducah & Mem Div 4s_____
u
101
91%
A-O
D_
ref 33/4s series E
&
High
Range Since
Sold
New
ref 5s series B
1st
&
Bonds
Nashville RR~-
1st &
,
BONDS
Friday's
or
Sale Price Bid & Asked
44.
57
.
r
56%
49%
Pennsylvania RR cons gold 4s
1943
Consol gold 4s
;
1.—.1948.
4$ sterl
J-D
General:5s
J-D
mtge
series
B—<———1968
108% 111
108% 111
*110
M-N
A-O
101% 103%
—
llOMi 110%
M-N
stpd dollar—__May 1 1948
3%s. series C^——1970
Cons sinking fund 4'/2s
—I960
General 4'/2s 'series Al__
,.1965.
Gen
*101%
M-N
89 %
89'%
89%
119% 119%
F-A
101%
108'/4
101
108
y2101%
108'%
18
1
88%
119
94%
122
43,
100'% 105
28
107% Hl'/a
Monday, September 14, 1942
CHRONICLE
& FINANCIAL
THE COMMERCIAL
936
RECORD
NEW YORK BOND
Friday
BONDS
'
Y
Last
Interest
Exchange
York Stock
New
Week's Range
Friday
BONDS
Asked
High
Sale Price Bid &
Period
WeekEndedSept.il
No.
Low
1
January
Sold
Gen
Conv
97%
17
95% 100%
97
97'A
14
87%
86 VA
87%
193
gold 4Vis series
General
J-J
mtge 274s____
ref
62%
8
55%
64%
55'A
64%
10-year
1
5s_._.
.1949
3eries E
•
1
i
52 %
89%
89%
90%
"83
A-O
84%
84
84%
20
145
143 1
112
A-O
86%
85%
86 7/a
32
A-O
90
90
91
80%
80%
807'b
87
VA 102%
24
31%
10%
286
5
10%
1%
Apr
3s__...^—.1961
1953
..1945
Superior Oil 3 Vis debs.—.—
.1956
Swift & Co 2%s debs—i.
—1961
1%
J-D
104%
J-J
104%
J-J
108%
3s series C
Standard Oil N J deb
debenture
2%
.....
i
i
j Pitts Coke & Iron conv 4Vis
Steel 1st mtge 4%s__
!Pitts
1st
;
Pitts
Pitts
1st
1st
Pitts
5s series B
1st gen 5s series C
1st 4Vis series D
gen
1st
El
Pwr
1st
ref
&
'•
•X'ZL,
\
J-J
::
,
M-N
■:
106
104
216
110
110
J-J
'100%
J-D
85
ref 5s series B__
A-O
:
Louis & West
St
64
65
106
58%
70%
65
.
64
65
71
57 Vi
69 Vi
65
23
58 Vi.
69
64
6474
J-D
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M-S
59 %
60
18%
18%
19%;
A-O
'
105
103
V.?
'
-
j'
A-O
>
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J-J
■
i
757a
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.
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-
1971
..1945
Union Oil of Calif 3s deb_—c
.1959
-;
3s debentures!——
....1967
M-N
M-N
;
A Union
82%
82
Elec Ry
3%s__
(Chic) 5sj
__
100 V4 104 Va
;
ZZ :"Y;' 5;;;.
1st
10074 10474
&
land grant 4s—
34-year 3Vis deb__
i
1947
.—.—1970
35-year 3Vis deb
...1971
Ref mtge 3Vis, series A
......1980
United Biscuit 3%s debs-^..'—...1955
United Cigar-Whqlan Stores 5s_
1952
United Drug Co '(Del) 5s
..1953
100%
39
53%
•
1
'
'■
39
58%
.12
2774
rZ—'•
'
62
277a
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Y.
427
;
r
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;
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109 ; 109%
109% 10974
,
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M-S
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9
j'j
.
Grand Island
:*>:
9
7
';y
10
9%
974
ACertificates
of
L Pub Serv
St
P 5s
■*
1.1-
5%
54
J-J
m-s
89
4s
,...
bond
•:.
_
V
22
;
88 Vi
.100
391%
105
;.
.
106%
7:
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F-A
98-74
>
309%
J-J
18
16%
1774
18%
20% V
19
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L
17%
,
,
105 74 >
80 Vi
967a
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certificates..... —1989
T77a
—
-
8 3 74
8374
M-N
4s.
97%
45%
68%
,%
3QOV4 100 Vi
1 1943
—May 1 1944
M-N
*9974 100%
100% 100'A
1 1944
M-N
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100% 10074
M-N
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100% 10074
M-N
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1007a
M-N"
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10074
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.w._Nov
18
11
1774
100 Vi 100%
*99% 100%
M-N
100'/a 10074
10074 10174
100% 101
;
—Nov
1 1946
M-N
_—May 1 1947
M-N
—Nov
1 1947
M-N
—May 1 1948
M-N
*100'/a 101
1 1948
M-N
*100 Vi 101
—May 1 1949
M-N
.—Nov
1 1949
M-N
*100 vi 101
May 1 1950
M-N
*100
1 1950
M-N
2.00s
—_
-
Nov
.—Nov
2.20s
100% 101
101
5
10074 10074
10074
L z,...
100% 10174
100
M-N
.—Nov
M-N
—May 1 1952
M-N
1 1952
M-N
101
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102 %
*101
2.30s
1 1951
■
•')
2.40s
2.45s
—May
1 1953
M-N
2.50s
NOV
1 1953
M-N
*101%
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—May 1 1954
M-N
..._Nov
1 1954
M-N
*101 Vs
2.65s
_.__May 1 1955
M-N
*ioi'
57
7674
31
5374
United Stockyards 4%s w
15%
297*
Utah Lt & Trac 1st &
'
103
100% 101%
100% 10174
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—
102
100% 102
YYY:
'
2,55s
t
101%
101%
100
100
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20
18%
101
,
100
11
100% 100%
20%
84
10074
100
100% 101%
100
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100%
11%
12%
,
'
May 1 1951
76 *1
101%
100% 101 Vi
.
100
100% 100%
*100
11%
1974
101%
100.,
4'V*
100%
.—Nov
11%
100% 102
L'Y.. 5
■YY
10074 1 0074
2.35s
;
10%
■
100
100
*9974
1 1945
—May 1 1946
2.15s
89%
105
*9974
2.05s
'
:
75
.
104
M-N
3
■
90%
M-N
131
1874
82
69
48
,
1 1942
2.25s
1,530
84
103% 107
*100
2.60s
j
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82
9574
1.95s
■
A-
75%
79
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102% 106
36
82
9574 :
-
M-S
99
6
10574 105%.
.-
A-O
99
95%
14
105% 105%;:
J-D
A-O
■95%.
5
97%
1.90s
;V
•"
55
-
40
19%
97 %
1.85s
.
33
I-
607 •>
20
97%
1.80s
17.:,""^-
_■
67%
173
20%
18%
series A....... —1978
5
-9874
108% 111
14
109% 109%
2.10s
60
,•
.-L.
>' 2
1,609
16%
1774
j-j
—1950
Y-
89 74
6874
11 %
:;
96
23
98%-
98%
96%
97%
A-O
M-N
M-S
—Nov
1.75s
10774
69%
1774
-
1
vV
7
19
44
89
.
V.
T
35
75
.
43%
.111%
108
r'99% 102%
31
102%
102
—_May 1 1945
—.
—_
1.50s
98%
55
'<+1*.'■?]?■ /•;'
Vi ,YL
'■
6
102
J-J
.1944
.—Nov
'1.125s
:
'
7-
75
3
i'v
A^O
—.May 1 1943
1.00s
10
91%
106
.; "•
62
6874
j-j
—1950
10074 103%
;..r
-
•
A 2d 4s inc bond ctfs__
,_Nov 1989
S A 1st term & unifying 5s______ —1952
AGen &
#
j-j
stpd.____ —1955
JSt Louis-Southwestern Ry—
A 1st
.
>
"
...
74%
44
ACertificates of deposit stpd
,
-L,
.
;
V \'V
•
APrior lien 5s series B
ACertificates of deposit.:
ACons M 4%s
,
—1948
•
•
'
75%
M-N
■■
JASt L-San Fr pr lien 4s A'-J*.
ACertificates of deposit..
;
63
A-O
1st mtge 5s______ —1959
St L Rocky Mt &
*55
deposit..
JASt L Peor & N W 1st gtd 5s__
,
'■W-Z'
r-
J-J
—1933
;.A§RiV & G Div 1st gold 4s
98%
*106
.
.
97%
-
& Southern—
Mtn
Iron
Louis
gen
1.625s
98
j-j
1st 4s___ —1947
1st gold 5s-____ —1996
6s_.-w__L_.___r__.___ _-1996
gold
2d
Canal
.875s
9%
4'/a
.
.
A-O
St Lawr & Adir
St
8174.
1*06"
110% 111
Af-N
United States Steel Corp—
Serial debentures
1.25s
•
.
90%
80%
9
f
:
■■j
16
10 %
232
16
15%
1574
M-S
J-J
Saguenay Pwr Ltd 1st M 4%s___ —1966
&
■
30
87
106
J-J
ii
'
^ i-
Jos
i
Af-S
Nov
U N J RR &
106% 108%
1:;.*10774
m-s.
>
1.375§
St
19%
'l 98% 101'/*
,i >**
85
*100',i 101
J-D
60 %
12
,,
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■:
129 Vi
M-s
.
—1941
liARutland RR 4Vis stamped
98
6
5874
2574
M-S
1949
—
V.'
'
58
26%
■
—1967
X A Rut-Canadian 4s stpd_.
r.'—
58
:
A-O
—1967
—1969
mtge 3%S series
tiAR I Ark & Louis 1st 4%s___ —1934
.VL. *56
L
J-D
j-j
—1977
Gen
;;Z;.
100%
100
100
■
4§ARio Grande West 1st gold 4s —1939
—1949
a 1st cons & coll trust 4s A
374s series
3%s series I
85
87
A-O
Union Pacific RR—
104'% 106%
1017a 10174
10174
M-N?
*:
—1960
& Brass 3%s
Grande June 1st gtd 5s_ —1939
mtge
&
97% 102%
.
110
*106
...
8d
73
18
101% 1017a
101V4
f-a
Revere Copper
Gen mtge
4774
100% 100 %
..
Gen
102% 104 Vir
:
73%
76%:
7574"; ■Y :; -11,,
'
—1956
Roch Gas & El 4%s series D
v;
;
.
.1
67'A
y
7574
75%
J-J
—1997
Rand deb 3%s__.._w —1956
76
■vr;v35
% Yr' .8
7874
'' 78%
7874
j-j
'
ARio
'
,y
"
104Va
221%
Union Electric Co of Mo
mtge 4%s series
..
'
59%
J-J
r
B__i
98'/a 102%
22
.
64%
A-O
ref os series C
9974 101%
;
100% 100 Vi
100%
10874 110%
11
;LL 1
104% 104%
*10015
J-J
105%
u
Republic Steel Cprp 4%s series B —1961
Purchase money 1st M conv 5%s 1954
Gen
144% 144%
225
j-j
-"'-'i. ',4,."
Gen & ref 4%s series
Remington
145
*220
110
A-O ' :r-
—1948
105% 106%
15 ;•
J
'''
*143
rL;-"
104% 106
19
ref & impt 3748—1960
1st 4s
..1950
Toronto Ham & Buff 1st gold 4s__1946
Trenton Gas & Elec 1st gold 5s
1949
Tri-Cont Corp 5s conv deb A__
1953
108% 110%
106'/a
7
J-D
.-2037
13
105%
&
Tol
80
80
.'
10974
J-J
5s_?4_!...-__-. ..2037
Reading Co Jersey Cent coll 4s_..—1951
;
Gen & ref 4 %s series A__.+._- —1997
'
Ii.
VL':-V •,-■*109
J-J
105% 105%
105
&
Tol & Ohio Cent
7%
3
90
__V
92%
105 Vi
95 Vi
86%
i_v
;; 7 %
6%
*82 '/a
..
107% 108'%
v'
!
91
*89%
_.
M-S
v.''
—'"V
103
85
'1
85
105%
gold 5s_._—.2000
1977
....
1979
Gen & ref 5s series D—....1980
Tex Pac Mo Pac Ter 5Vis A
.—1964
Third Ave Ry 1st ref 4s
1960
AAdj income 5s.__...
.
Jan 1960
§ AThiid Ave RR 1st 5s ext—
1943
105% 107%
11074
101
102Vi,
85
A-O
J-D
& Pacific 1st
109
Af-N
Gen
87%
78%
'
*108%
/
1943
O com gold 5s.
V
10674 108%
HO'%
*102
J-J
F-A
Gen
v-L
101,;
;I'L:
87
& N
Texas
108
120
—
*1057-4
M-N
of Nor 111 3%s... —1968
'
■■
107
..
Y;;._y
85%
86%
M-S
.
:
,55
J-D
.-1951
deb 5s._—_
Texas
99
122
120
120%
110
J-J
64%
"107%
"ioi
J-J
Purity Bakeries s f
64'/a
55 Vi
16
"118
1st M 3V4s_— ..1966
mtge 8s
Public Service
55%
Ref & impt
Vi 100'%
119
J-D
J-J
mtge
ref
8
12
97
96
59%
;
J-D;
..1957
Securities 4s
-.1956
4 A Providence Terminal 4s_;.w_._.
Publ c Service El & Gas 3%s_.._ ..1968
.-1972
1st & ref mtge 3s
&
59%
59%
59
F-A
t A Providence
1st
64%
mtge 3%s series B..1974
Texarkana & Ft Smith 5%s A.
1D50
Texas Company 3s deb...—.
1959
3s debentures—.—1965
58%
59
101% 103
"1067 a 107%
& RR gen 5s
1951
L 1st cons 5s-_.___.1944
1953
refund s f gold 4s_...
Gen
95% 104%
1
59%
100% 103 Va
4
...
103
99
20
A-O
A-O
...I960
Pressed Steel Car deb 5s
95%;
100%''
59%
J-D
.—.1977
to_._...—
•
"98%' 99
;
*119
F-A
•107% 110
.
3
"102% 103 %
J-J
105%
103% 105%
14
*'
40%
103
121%
M-N
..1950
5s extended
Potomac
121
104% 108 74
95 VA
J-D
■'
102% 102%
104% 109
"5
100%
100%
J-D
1962
1974
.
1.5
-
-
99%
99%
s
-
42
104% 105 Va
Tenn Assn St
118
3
"105% 106
...
1st 4Vis—
Portland Gen Elec
105% 106
106'
Af-S
A—1952
1950
mtge 4Vis series B__.._——1950
Va & Char 1st 4s gtd——1943
& W Va 1st 4Vis series A——1958
mtge 4 Vis series B.w..—1959
mtge 4 Vis series C—...—
1960
Young & Ash 1st 4s ser A—1948
1st
V
J-J
33%
10
112%
118
"ii9%;.-;
J-D
104% 107 Vi
100 v4 102%
.
."118% 118% {
A-O
8
112%
111
-W
"112
87
109%* 112 V41
v
.'7
110
'■>111%*^/*
84%
79%
2
108% 1087a
Af-N
112
111
v-
78%
108
108
108
92%
2
104 Vi 104%
102%
M-N
88%
•;r4
Tenn Coal Iron
105% 106%
69
78%
:
67
-.V
102% 102%
'
-
70%
93
60%
38%
*35%
F-A
"
83
106% 107 %
J-J
-
97
11174 111%
Tel 3%s B—.11964
1968
ref
&
1st
97% 102%
15
86 7a
J-J
ASpokane Internat 1st gold 4%s__2013
Stand Oil of Calif 2%s debs..—.1966
Southwestern Bell
3
1%
J-J
J-D
102% 104'A
108
61%
37
99
."111
91
86%
88
66%
'-
56%
80 Vi
82
93
11
J-D
F-A
46%
69%
102% 102 31
Af-N
4674
121.
65%
172
"105%
F-A
151
52%
92%
31%
100% 101
Af-N
53 7/o
68%
102%
F-A
1953
^Series G 4s guaranteed.__i——1957
Series H cons guaranteed 4s_.._1960
Series I cons 4%s_
—.1963
Series J cons guaranteed 4 Vis—1964
Gen mtge 5s series A
___.—1970
Gen mtge 5s series B
1975
Gen 4 Vis series C—
—1977
53 %
65%
M-N
guaranteed gold
4s
F
53'A
53%
92%
3
Af-N
53%
M-N
69%
"1%
guaranteed.......1942
57
56%
M-S
A-O
9%
101
46%
J-J
30%
6104VA
J-J
85
Af-N
ref gtd 4s_._—1955
gold 5s
1994
Devel & gen 4s series A—.—*1956
Devel & gen 6s—
_____
1956
Devel & gen 6%s—..1956
Mem Div 1st gold 5s—
1996
St Louis DiV 1st gold 4s
....1951
109% 112
102
58
54
108
1
61
49%
■
J-J
r__1950
1st 4s__:
64%
Vi
50
3
195
J-J
18
J-J
.1937
55%
South Pac RR 1st
25
9%
50
181
61
53 %
55%
64%
61
64
M-S
Southern Ry 1st cons
98%
31 V4
63%
J-D
120
107 VA 110
90% 105%
97%
M-N
4s guaranteed———1945
3Vis gtd gold.——1949
D
Series
105%
102
103%..
"103
J-J
105%
lll'A 111%
98
M-S
.1962
Pittsburgh Cine .Chi & St Louis—
Sen (s
103 74 1 0 6 74
52%
Studebaker Corp conv deb 6s
4Vis
J-J
5
115
115
110
111%
J-J
ACertificates of deposit.......
—1951
Petrol 174 s debs.—,—
C
106% 108'/a
106%
103
110
J-D
Phillips
Series
1
106
.1946
secured 374s..___;
Fran Term
San
104% 108
15
1173A 117%
mo
J-J
.1973
•
107 % 107%
106
.1981
Gold 4Vis—
25
11774
M-S
.1971
—
61%
J-D
Philip Morris Ltd deb 3s_.—— l§APhilippine Ry 1st s f 4s
(V
74
<■103
J-J
.1981
....
J. vPhila & Read C & I ref
Lu Conv deb 6s___......
63%
106'A 107%
61
M-N
.1961
&
21
106% 106%
F-A
Philadelphia Co coll tr 4 Vis...—
.1967
Phila Electric 1st & ref 3 Vis
1st
High
Low
No.
High
107 %
4s
7%
3%
26
-
4s
47
37
61
J-D
.1977
gold 4Vis series C—_
General 4Vis series D—
1
71%
71
61'A
M-S
.1974
B——
series
5s
General
10674 106%
71
;
6»A
5VA
J-J
.1943
Wash 1st gold'4s...
Phila Bait &
Sold
A-O
1
(Cent Pac coll)
Aug 1949
registered
—_i—
1949
1st 4 Vis (Oregon Lines) A—.1977
Gold 4 %s
..1968
Gold 4% 8.
1969
6
F-A
3Vis deb—___1952
Phelps Dodge conv
Southern Pacific Co—
89
81%
10
43
42 Vi
Apr
C__—-——1980
Southern Colo Power 6s A
110% 113%
3
iii5/8 111%
A-O
1974
Fere Marquette 1st series A 5s__.wl956
1st 4s series B
——1956
1st
'
M-S
Union Ry 5Vis
& Pekin
Peoria
1979
1947
Range Since
January 1
Bonds
Friday's
95% 100%
—l_Apr 1990
4s_—__
Alncome
97
97
A-O
^.______1952
97'/4
J-J
—1984
mtge 4 Vis series E
deb 3%s____
88
1962
Bell Tel & Tel 3Vis..
debentures—
3s
93%
86%
83
87 Va
A-O
Peoples Gas L & C ref 5s___——.-1947
Peoria & Eastern 4s ext....—1960
or
Low
A-O
1970
__—1981
General 4Vis series D__
Week's Range
Last
Sale Price Bid & Asked
Period
11
High
Low
South
Pennsylvania RR (Continued)—
Debenture gold 4%s
Sept.
Ended
Week
Interest
Stock Exchange
York
New
Range Since
Bonds
Friday's
or
53
J-J
5374
28
28%
71
7674
51
r
J-J
ref gold 5s series A— —1990
75
76 %
J-J
29
;
170
64
■
91
6
92%
w_—..1951
A-O
91
ref 5s
1944
Utah Power & Light 1st 5s_—_..1944
A-O
95%,
95
95%
F-A
96 Va
96
96%
97%
91
102
53
\
93
39
,:
93% 101%
7
109% 111%
'
4%s__...1947
KC.ShL gtd 4Vis
1941
"
Paul E Gr Trk 1st
JASt
*§ASt P &
3%s B._.__.1971
1943
Schenley Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s
...1989
St
S
Paul Union Depot
A
Ar Pass
&
1st gtd gold 4s
,
i
cons
6s
of
deposit
series A
ACertificates
of
....
..1945
*_
1933
1A Seaboard All Fla 6s A ctfs_____1935
A6s series B certificates..
1935
Shell
Union
Oil
2%s
debs
1
1954
2%s sinking fund debentures____1961
t§ASilesian-Am
Simmons Co
Corp coll tr 7s
debentures 4s___:
1941 >
-.1952*
Skelly Oil 3s debentures..™-.——1950
Socony-Vacuum Oil 3s debs...
.1964
Soufh & Nor Ala RR gtd 58__—.i__1963
F*»r
footnotes
see
A
page
937.
11%
:
;
J-J
_i.
?
iA
65
y
103
103
1
100
At 100 At
7%
5
12%
101% 103%
99% 101
101% 104%
123% 125
v
21%
A-O
A-O
F-A
A-O
1
...
M-S
M-S
9Vi
F-A
v"
F-A
'
9Vi
97%
'21%
1%
2%
127
9
9%
285
8%
11
:
9%
106
11%
1,028
10%
10%
28%
29
216
7
9
9-%
763
9
21%
10%
739
18%
<
14
10
21%
1
-
2%
4%
9%
4
5%
5%
15
:»%
9%
11%
10%
1955
*108%
F-A
f 4s series B_l____.___.__ 1957
Va Elec & Pwr 3 Vis series B—..1968
Va Iron Coal & Coke 1st gold 5s._1949
M-S
Virginia Pub Serv 1st mtge 3%s,_1972
Va & Southwest 1st gtd 5s_—_1.2003
F-A
*108%
M-N
Cons
1st
s
cons
11074 111
103
103
v
.
103
69
1
103
«103
90
94
:■
90
J-J
72
A-O
.—1966
Af-S
108
7574
•;*2
74
74
Af-S
5s——___1958
Virginian Ry 3%s series A
—
...
11074
72
10
108
108
2
65
V4-
75
105% 109
9%
'9%
10
97%
97%
5
95%
97%
13
97%
99%
30
37
4
9%
99
99
*29
30
A-O
101% 102
F-A
J-J
A-O
101% 101%
1
99% 103
•105% 105%
6
104% 106;
...
Vandalia RR cons g 4s series A_
29
J-J
F-A
101%
;
•
1
21'/e' 21%
21%
2%
9%
9%
11%
10%
: 29 Y
;
4%
*123% 124%
.
J-J
12
2%:
265
.4%
"103% 104
deposit
1st gtd 4s
tlAAtl & Birm
3%
4Vi
v 11%
M-N
gold 4s unstamped
ACertificates
"77 ::y-.yy
__
.Af-S
1950
§ A4s gold stamped
1950
A Adjustment
5s
..w__.__.Oct 1949
iARefunding 4s
1959
5 A 1st
A 1st
'
•
"
ISeaboard Air Line Ry—
v
J-D
J-J
-i F-A
A-O
1st cons gold 4S.1968
St Paul & Duluth
>122%
14
-
100% 103%
W
tWabash RR Co—
1st mtge 4s series A__
1971
AGen mtge 4s inc series A
..—1981
AGen mtge Inc 4%s ser B—1991
80%
8074
80
80%
150
75
j-J
39
39
4074
125
33%
50
j-j
3074
32
221
2874
39%
j-J
31
- -
Volume 156
'
Number 4107
>
THE COMMERCIAL & FINANCIAL CHRONICLE
937
NEW YORK BOND RECORD
BONDS
New
.
York
Week
Stock
Ended
?
.
Exchange
Sept.
ti
•
■».
t
■
■
Interest
■
Last
Period
11
Week's Range
Friday
■
Low
{AWabash Ry ref & gen 5%s A— -1975
5s series B
gen
ARef &
ARef &
1st
Co
{§ A Warren
A
1
Bros
Deposit
A-O
.1955
86%
.1955
_1948
M-S
deb
Co
_1941
6s
101%
Jtf-S
.
10
101
West Shore
1st 4s guaranteed,.
2361
100
2
100
88%
Wilson & Co
101
Conv
1st
M 4s
102%
81
....
*;;A '' 3
3%
Winston-Salem S B
106
{^Wisconsin
95% 106%
,
1st
J-D
104
1966
4s
44%
M-S
M-S
92
Warren RR
1st
ref
gtd gold 3%s. _2000
F-A
;
Washington Central Ry 1st 4s—- .1943
Washington Term 1st gtd 3%s___ -1945
Q-M
...
32%
33%
A
A *84%
.
F-A
1st 40-year guaranteed 4s—— -1945
Westchester Ltg 5s
Gen mtge 3%s_
32%
85%
A
b'■
F-A
stpd gtd—_ .1950
(
'
•
69%
.
1
;
■; ■'•■A
..
West
Penn
1st
mtge
•
Western
1st
Power
-1967
1st
ref
1st
Df-S
J-J
E-
3%s series I
Maryland
&
-1963
-1966
5s
J-D
120%
4s
-1952
J-J
114%
J-J
92%■
14
6
104% 106%
1
100% 103%
4
114
240
37
50 Vs
109%
J-J.
86%
A—
114 % 114'/a
49%
50%
•'j-.-l", ''V—
fAWestern
gold 4s...
gen
Pacific
1st
5s
I
-1943
A5s assented
_1946
5s
35%
M-S
.
;
49
3-D
J-J
1943
J-J
1948
M-S
91%
Conv deb 4s
94% 102 A
:
—
34%
35%
93
fU
34%
35%
84%
85'/a
81%
101% 101%
20%
>
64
35
'
81%
101%
V-.
143
',.';Ai
17%
56
'
"
105
108%
12
12%
101
'****■
*12
34
108% 110
*106% "
■
46
35
9
*109% 111%
»
--
"i
50%
9
102%
20
38
,
84%
81
delivery
the
year's
sale
not
range,
n
101%
M-N
101% 101%
99%
99
21
99 >/2
16
98% 100%
included in the year's range., d Ex-interest.
e Odd-lot
sale not
Under-the-rule sale hot included in the
year's range, r Cash sale
included in the year's range.
{Companies reported as being in bankruptcy,
receivership,
Bankruptcy Act, or securities assumed by such companies,
♦Friday's bid and asked price. No sales transacted
88
77%
.
in
____1960
SNegotiability impaired by maturity. tThe price represented is the dollar
quotation per 200pbund unit of bonds.
Accrued interest payable at the
exchange rate of $4.8484. '
35%
f.
79
v,
not
f 3%s series D
s
Deferred
a
35%
20%
43
mtge
included
10111 104%
....
".
81%
■
M-N
1st
; 6
84% A-83%
85
85%
,
MS
-1951
A-O
1971
4%s
114%
>
37%
*16%
....
1968
1st
16%
95
Youngstown Sheet & Tube-—
111%
84
3478 A.
x.
M-N
.
—A-_ -I960
*
Westlnghouse El & Mfg 2%s
*101 iO
M-S
Western Union Teleg gold 4%s.*_ .1950
25-year gold 5s
-1951
30-year
A-O
.
A— -1946
ser
,
110
20
r,«.i
West N Y & Pa
107% 110
A
..A,
95,-A, A;,
v
deposit
16%
90%
109%
87
r.95
i»
of
M-N
JAWor & Conn East
--
107%
111% 111%
■
ACertificates
110% 114
103
__
1st 4s_._ 1936
47%
102% 105
103
1949
Wisconsin Elec Power 3%s
Wisconsin Public Service 3%s„
<v
A-0
.1977
5%s series A—
A* 108
'■.
■
a:''..—;
\.
term
15
50
37%
—
92
High
37%
^
118% 121%
*108% 110
.
86
—
-
'
40
.103% 105%
•"
106
*119
__
,
w-.•
*104
J-D
31
9
div &
*_
104
.
§ ASu & Du
Low
49
105At 106%
106%
A-O
1960
4s_.
deposit-
No.
44
104
Range Siur»e
January I
Sold
45%
*110%
J-J
—1947
Bonds
High
*43%
1955
1st
of
45
1949
.
Central
ACertificates
J-J
1954
A
deb
95
28
Friday's
or
Sale Price Bid & Asked
J-3
2361
West Va Pulp & Paper 3s
Wheeling & Lake Erie RR 4s
27%
99
'
-w—
Week's Range
Last
Period
Registered
26%
83
'
100% 100%
receipts——
27%
22%
101% 101%
Interest
,
1L
Low
28
22%
86%
*99
•A
Friday
Exchange
Sept.
Wheeling Steel 1st 3'/2s series B
85%
A-O
debs_;
6s
Stock
Ended
High
24
—
York
Week
24
1
26%
'26%
A-O
....*
Warner Bros Pict
*25%
.
„
Low
28%
26%
New
January 1
No.
26%
.
'
_
mtge 4s—
debentures
6s
A-O
5s series D
gen
Walworth
1978
Range Since
Sold
High
*27%
F-A
4%s series C
gen
M-S
_1976
±
■
ARef
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
85%
100% 101%
ABonds
selling flat.
<
•
under Section 77 of
during current week.
AA»;'
*
,i
reorganized
or
the
;
'
.
'
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
In
and
in
the
the
deferred delivery
week
in
following
which
sales
they
disregarded
are
No
occur.
extensive
list
in the week's range
account
is
furnish
we
taken
to
include every
security, whether
stock
of
such
they
unless
sales
complete
a
Saturday Sept. 5 and ending the present Friday
tended
AND
in
YEARLY
are
i
RECORD
the only transactions of the week,
the range for the year.
and
when
selling outside the regular weekly
computing
record
of
the
transactions
the
on
New York
'-'d"
M
range
shown
are
Curb
Exchange for the week beginning on
compiled entirely from the daily reports of the Curb
Exchange itself, and is in¬
bond, in which any deal ings have occurred during the current year.
;
(Sept.
or
11,
1942).
It is
•
STOCKS
I
.
■
-
Week
'
,*
Co
Aircralt
Access
Corp—
4%
50c
2
1%
500
1%
1%
'
—
Southern
Investing $3
Products
A
50
* *
1%
*
conv
89
91
80 : *
81%
5% Mar
Atlanta Gas
Atlantic
Aluminium
:
__
Atlas
1
,2%
...
: 200
r
.
/
109
' —18
"■
A
j.
'
^
300
1'.
~
i,
f
^ '■
'
:..
Ltd
•
common——jAApreferred—^
IlOO
:v7o
-
j.'
v
_
American
Board
Co
class
Power
class
Class
&
—25
«^',.v:,a,
':'
•
"I1 *r
*:.
w-
a
'•
'
-
:
5%
Feb
Jan
•
'Vw,
7
A
„25
A
■
■
—1
non-voting.—I——
—10
American Foreign Power warrants.
33%
»
Jan
A- 102%
Apr
A-"
A. '
May
Barlow
American
Fork
Gas
&
American
x33%
'V
Apr
Feb
Baumann—See
Vis
Feb
Beau
Jan
Jan
9%
74
Jan
$1.20
Corp
American
__1
Co
July
■
1
36
28% May
sV Jan
Feb
\
-
:—25
preferred—
Mfg
Preferred
American
.25
Co
common
•'
—_
Co
American
Potash
American
'•
Seal-Kap
18%
—2
American
Writing
Post
preferred-
Paper
common-
—
Corp—
Associated
Associated
"
200
-v
l
,
Apr
11% Aug
26% July
Xl8
May
A
400
4%
2%
2% A
100
24
July
85
1%
■
—
-I
32 v
Jan
\
27%
A
(E W)
1
».
Apr
1% Mar
2%
Jan
2%
iV
Jan
33%
Apr
,100
1%
"2%,
500
v..±
;
2
'
;
Jan
48 %
Feb
IE
.
Jan
Jan
98
.
A
98
7% July
•
-
7 %
convertible
2%
(S)
(H
Bourjois
%
98%
160
IE
1,100
•
U
%
8
8
—.
1
%
%
91%
*
C)
Co
__
7%
$5
ii
l-"!'
—
.
4%
.
—
4%
....
1
4%
—
...
■■*---
—
Apr
.
9
400
,
A-■■
—
4%
100
-
■
103 % Jan
i7«':-h
'A
Inc..A——
'
.
—
4
100
1%
Mar
34
Jun
A
Corp
,*
Lgt & Pwr.A—
f
8
1
4
A
1
Bridgeport
38%
Jun
8
Jan
;£:
;
27
'
30
"
A
Brill
Corp
Class
B
8%
7%
A——^
——i
?• ."*•■ A..*
'.'AA
2,200
"
4%
600
4
7
3,000
"A
1%-;:--
*_
preferred—;
Brillo
1%
1%'
■
————100
:/1.
Mfg Co common—..——*
,
:
1 %
Jan
British
American
87%
8% July
Am
Jan
100
"" .V 1%
V
52
-A.
'
—
11%;
1;
x
"
200
* ' 1
Jan
Jan
37A
Jan
dep
rets
ord
8V2
A
„
£1
— A
.
11% July
4%
13
British
Amer
Sep
Jan
%
Feb
3%'Aug
%
Feb
Ltd—
dep rets ord
Brown Fence & Wire
Class
2% Mar
Celanese
A
..
-;
10s
reg
common—
preferred
——
—
—l
_•
Brown Forraan Distillers
*
..
1
-
—
•*
—
.
—
2% Feb
-Jan
60
Jun "
'
Jun
preferred
—
——
•
55
55
55%
>
•
14J/4
—
Jan
31% Jan
10
13% Jan
Mar
Jun
97/b
Jun
6%
Jun
8
Jan
,.
.
'A Mar
—
—
11%
300
—
__
55
1
...
H v.. x
.f.
1«
n"»'»
160
..ii,
1.1
'r'
Feb
1%
Feb
7%
Jan
1%
1% Aug
Jun
46
2
n.ini 1
n
Jan
12% Aug
2% Jan
May
60
942.
l....
Jan
A May
8%
#
$6
Apr
3%
■
—
—
11%
■
J an
Jan
—"
A
.....
...
Jan
30% Jun
,
A
£1
reg
9% Aug
IOV4 Mar
20'/a
11% Aug
:
_•
A
Sep
A Sep
2% July
A Jan
y4 July
40
Feb
5%
dep rects ord bearer
Am
Mar
Mar
7%
May
1%
Jun
42
34
.
May
*-
_r^'
■*.
3
a
-
Jan
Tobacco—
Co.**.—.
Jan
A1 3 % July
300
■■■
__
Apr
>
.
11%
'
__
A
Feb
5
A May
l'AMay
A Jun
100
8%
100
class
Feb
,35
1
1% Mar
;33 May "
1,100
rA
;
1%
-
Jan
Sep
19
Machine———
'Jan
.%
.
AAA":5%, May
2%
Jan
5 *'
A
Mar
" 4
A
200
.
16%
Feb
—
,
1,0
.
2% Apr
10% Apt
'
.—•
Preferred
Sep
' i" % Jan
Jun
200
50
"
3%
Jun
Jan
30Va
8
;
•
1
common-.
Mar
34
Aug
6
900
*
41 1 !
,A'
8%
117
.,36
,
Ac Jun
:
Vs
!—
.
Jun:
Aug
30
50
"
/
9V2 Mar
3Va Feb
87/»
,
4%
2%
__
preferred
Sep
May";
Feb
38'/4
32Va
—
Feb
22%
400
.;
%
—
'
'Apr
"700
3Va
—
8% July
7% Jan
Sep
101
AJ'
--
l?Vs
4
Jan
8%
6%
A:
1,1%
':'%
—
•
Oil
Jun
'/l
4%
'
40
6%
;
Jan
3% Aug
Jan
':vA.'AA
—-*;AA —:'A-iA'-r ''
common
American
8
33%
.
Aug
400
:;A
,1^
.
32%
—
•
British
Jan
.
21
75
2%
104%
A A.*
;A.AA-* '
'
i.-
.,'4% Jan
7
1,700
'
—
Jan
—
?8% Jan
,
3%
"
—
22%
2Va
1
Jan
4%
.
.—
*
'
^
•
common
Aeronautical-*—..
Bridgeport Gas Light Co—
:
__
•
AA-
.
103
'A
„
1st preferred
2d
Breeze
Apr
6%
__
Jan
,j.
,■
-.'A':
8%
i—loo.'4:;
A A'41
Co—*—25
AA
A,;,—
1
%
„
—_1
2%
preferred
6% Apr
75% Aug
700
8
-1
•
1
Sep
800
-A
22%'
—
—,
*■*:A—
& Co——.1—
Brazilian Traction
1 % Mar
•
300
;;
__
8
-A-A
common..
Bowman-Biltmore
Jun
2% Jan
r,
Sep
Feb
5
6% May
—
3%
A*
com__*. ^ 1—A : ;, 6
—*—-A—"■ 'AAA *.„• ";A :A': 3%
1st preferred
Class
•
3% Sep
35
>
,
Jan
2% Jan
3%
•
Jun
2
j
aa
("
Apr
2%
'
;
in
;
100
common—
Borne Serymser
Feb
Jan
200
;
•
4%;
3®b
—
1
preferred—*—
optional
Bohack
''
61 % Mar
,,v
6%
1,400
.
4%
-—
20A'*
common—
Jan
%
Aug
39
■
5%
l.%-
J.
2%
+>
.
page
22
Apr
Jun
19
Feb
Feb
15%
r
Jan
Apr
Jan
Electric Industries—
.see
7 V8
21
3Sa
45%
*
._1
Breweries, of Canada
footnotes
18
18% Mar
>v
American dep rects
reg*..:
._£1„_:**1„
Associated Laundries of
America-^.-.:*
■
Apr
79%
45%
—>
.
—5
Refining Co
$3
130
iV
100.
;
Art Metal Works common:
Ashland Oil &
Feb
150
45%
■
6% preferred
10
Arkansas Power & Light $7
preferred.*
Equipment
32
1,000
-X1
non-voting
Canada—
Hedges
Ridge Corp
■
Arkansas Natural Gas common
Common class A
of
&
Brewster
-
lis.
_
.
100
—>
:-,-t
4%
10
preferred--—
Blauner's commonBliss
%
i
~2
Fence
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%% .pfd
.
Blue
5%
•
.
..
«
5%
Jan
Feb
'
5%
1
A*.
—
Jan
80%
7
3 2.
*
common
-
300
•
..
Bickfords Inc common—.A* '-AA"$2.50
preferred
*
"
.'-A
Birdsboro Steel Fdy & Mach Co
2%
18% Mar
500
«
23
00 0
•
...
Thread
23
•.
*
$6 series preferred
American
11%
4%
'
*
_1
common
Berkey & Gay Furniture—
27'% May
250
25%. 25%
■.»*;
I10
....
Superpower Corp common —•
•
preferred
$6
.•
100
Chemical
Tel
Convertible
28%
11
50
f
Aug
3%
'
A;iui?
.
Jan
24% May
50
20%
11%
25%
.
•
Si
Republics
American
For
20%
—1
American Meter Co
American
Aro
•li
Inc
convertible
Blumenthal
100
__——
Maracaibo
13%
104
1% May: v
1
:...
13%
—
50
;
Jan
2%
' 2% Mar" 13'V Jan '
19
May; *
,>.',4
Apr'
-•■!'400
?i30
,
1
Beech
12% Aug
20% Jan
82% Mar
100
3% '
15% ;
24
4%
..
**
100
2 ",
Mills
$1.50
;
'
Aug
Apr
94
2% May
aAAaAA,:A-"'.vAAAAa
Brummell Ties Inc„
Beaunit
July
41%
Apr
27%
4%.
5
common
Benson
10%
■
A
"Ludwig"
Bell
13%
A~*
...
American
Anchor
;•
_»
convertible
'
Refractories Inc
Jan
300
%
300
Jan
A-A*;; rv
"
Jan
4,600
2
Mfg—
%
Apr
2,600
3%
24
Jan
7
17%
1%
3%
Feb
,4
Aug
12% May
200
15%
.
common—
Apr
12%
27%
for
iV Sep
4
15%
..
__
Laundry Mach
.20
Light & Trac common... .25
American
1st
—
_1
15%r:
24
•
*
Aircraft Corp
;A-.
Bellanca Aircraft common——
12%
93
i;t AA >17
Jan
15
V'
15
common.1„10c
preferredpreferred-;
Hard Rubber
12%
10
25
A>: 14%
A;A 13
35
34%
400
Jun
Aug
6%
..
.
A' --.-.A-
100
convertible
American
6%
•
common
AA*
General
convertible
$2
$2.50
Hoe
Electric—
&
preferred
Seelig
%
-
American
&
4%
200
5
16
.
% May
'
\ 24%
Feb
4%
'
A2%
1
1
^
warants
Jari
100
•
!32%' Aug
A'**:
3% Mar
Jari
*4 Mar
19%
19% 19%; ; : 1,000
is
-A'
v ;VAA.A '"'Av:;
'S
-A,1
2%
2%
2%
A 500
2% ;Jun;.s
7%
preferred
—__—r__30
A A. A,28
28 *,
100
i-<t'27:%..Aug . .
Baldwin Rubber Co common_A——1 A AA-A - v'>A-..a r V
;
—
3
Feb : ^
Barium Stainless Steel
*•—*—*1 •
1%{;
300 A*
% Aug
Jun
Sep
4%
Jan
3
400
"5%
:
com__10
Collieries—
a
Purchase
Apr
400
■
%
2
■I*
**ii'
-i—
.
A"A
6 ',
A
■
_
Class B
>;:■ 6%
.
A
"!-i
class A—:~i. _10
A
Babcock & Wilcox Co——
Baldwin Locomotive—
:
July
78%
7Va
'
400
4% July
109%
,
6
Apr
65%
5%'
;•
class
'
5%
Jan
2'A
•
5
—
-;v; -1J-•, "'a.
Jan
•jV July
»l
5%
Machine——*
Tobacco
Patoka
3%
''
•
2%
«
Mar
3
...»
^
16
May
106
800
—
—
.
.
>
1
64
Jan
12%
;
Class B—
Jan
114%
.;
*
Light—
A—.—
Cyanamid
19
A
'
•,
"
American
A.
•v.-
Cities
Convertible
■'—1$' 1
200
—
—
1
preferred—
Basic
nil
Mfg—.
6%
%
_10c
Central
r.,;
common- _10c
B
prior preferred-
American
3%
i\
•;
1
vv,\ :V
90%
■.
3%
_5
——*
,
Sep
Jun
J. '22
v__
^
& Sons common—
Axton-Fisher
105
69% Aug
^
3%:
1
/
-
.
250
-
)
1
preferred
American
-
-100
Capital class A
Common
-
1
—.
common-
...
American-Box
•
4%
;A
•A 70- ^
-
22%
99% May
12 > May
-
Voting
Ayrshire
■
V.
%
—
1
High
*%
% Mar
62
19'A Mar
May
78% 'Apr;
'
:
*—-—50 A",
Products—
Feb
1%
11
Co
Corp__
Drop Forge common
Plywood Corp—
'Avery (BP)
3% May
Feb
20
300
'
Jan
Jan"
! ;
7
,
<'
3V4
warrants
Automatic
Feb
97
Jan
175
A
-A
3%,
Low
%
--
—
1
5
Range Since January 1
High:
: %
—
*.-it
Mar
1 107
'
% May
%
'
95
108%
-1-*
Sep
,AA':*-7;*AA,A
; 94%
'•94%
79
'
^
—
Sep'■ A
7 '50
*
—
*
IlOO
Mfg———
I1/#
'• *
'7"':**7"AA,-'
•
..i—
American Beverage common
American Book Co.,
1
Line
Rayon
Atlas
89
,
4% %
Coast
Atlas Corp
Jan
50
'
Light 6%
Atlantic
Apr
Aug
•
pfd—100
preferred-:
100
Atlantic
,4
83
Low
%
Co
Fisheries
1%
Jun
RR
Coast
Mar
73
Coast
&
'
.
for Week
,
of PricesShares
.
class A—1—•
Sales
Range
Sale Price
Par
Tel
&
Week's
Last
1L
Feb
Sep
1% July
20
.*7*
1%
—
?
Industries ,commoni..A_ III*
Aluminum
/
'
10^
common-.—.;—
Goods
A7—
*
pfd
common—A— 1—25
preferred—
Aluminum
V
Birm
5% Mar
8V2
,
% May
700
74
81%
*
Y 74 "
—
•
(Mich)——
conv
Aluminum Co
$5.50
2'A
20%
Atlanta
Automatic
Great
•
$3
Jan
jg May
19% July
200
3'a
......_3
• :
6%
Jun
1,500
1%
—
Allied Intl
;
Jun
Jan
4%
Friday
Exchange
Sept.
m
.
Mar
20
Curb
Ended
Associated Tel
Feb
4%
:*
Appliance
22%
York
Week
High
Sep
Mar
4
2
1%
Alles & Fisher Inc common-——
Alliance Investment
6%
4%
__
_10
—
Class
1614
—
'
—2
Alabama Power Co $7 preferred
$6 preferred—.
Allied
Low
;
,
preferred
:
Range Since January 1
High
—
*
STOCKS
New
Shares
2o
"
1
common———
Electric
Alabama
.
__
5
(N J)
Warrants
Air-Way
Low
1
Investors
'
for Week
v
'
1
."
common
Inc
Convertible
«
Range
of Prices
10
._i
B_
Mfg
Sales
,
common—
Associates
Air
Week's
Last
Sale Price
11
Par
Ainsworth
Air
Sept.
Supply Mfg class A
Class
-
Ended
.•
.
Acme Wire
Aero
Friday
New York Curb Exchange.
,
'i
•■■ii
Bifi'
July
THE COMMERCIAL & FINANCIAL CHRONICLE
938-
Monday, September 14, 1942
n
NEW YORK CURB EXCHANGE
Curb
Ended
Week
Week's
Bruce
for Week
Shares
Last
Exchange
Sept.
Sale Price
11
Low
(EL)
Co common—,——.
Bruck Silk Mills Ltd
Low
Jan
% Mar
Jan
127/a Mar
4Va
Apr
500
ft
—*
$1:60
preferred
preferred
1st
$9
4Va
$6
Oil
_
Friday
Jan
It
40% May
6%
6%
7 Va
2,300
51/4 Aug
15 Va
Bunker
70 V*
500
67% Mar
91%
Refining
Hill
Sugar
Tobacco
common—,
Curtis
Lighting Inc
Curtis Mfg Co (Mo)
common
8%
300
9
12'/a
81/4 Mar
12
Jan
%
Va
%
Jan
Feb
Jad
Electric
California
Callite
Canada
Cement
%
6%
,-20
.2%
2%
100
2 Vb
1%
1%
100
1%
Ltd
A
6%.
Feb
1% July
preferred
Foundry Ltd—
Canadian
Industrial
Class
A
Class
B
100
777/a
Jun
77%
25
15%
Jan
21
1%
2%
*
Capital
City
2
Jan
Jun
Carman
&
class
Co
Carnation
Co
A—
—*
37
37
Corp
104
(JW)
Casco
Products
Catalin
Central
Hudson
Gas &
York
New
Central
Ohio. Steel
Central
Power
Central
&
42
Apr
111%
103%
4%
2%
100
com,,,—*
preferred_100
5 %
pfd—100
Feb
2
5%
Jan
3%
75
7%
Jun
101
85
South
A'rcraft
Cessna
West
Jan
8
pfd„,„100
Utilities,—50c
Co,,,,—
,
1
8%
8%,
9
Corp
Feb
u>
,
8
2,100
1%
4%
—5
8
8
Chesebrough Mfg,_,__——25
Chicago Flexible Shaft Co.,,™.,
5
77
77
common-
50
Chicago Rivet & Mach
8
Jun
3%
125
79%
Picher
6%
5V2
5%
5%
.
13
Consolidated
Mining
Childs Co preferred,,
4%
10%
VU
2V8
2%
60c
35%
35
9%
:
2y4
Va,
35i/2
28 %
28%
4%;
4%
,
Feb
6
8
800
Cities Service P & L $7 preferred
$6 preferred,,
Clark
Controller
,*4
Lights Inc—
Clayton & Lambert Mfg__
Cleveland
Elective
Apr
55
preferred
52,
40
Apr
82%
82%
Coal
'
J
Aug
Cockshutt
Utensil
Plow
Co
Co
Colonial
Patent
Gas & Elec 5%
Oil
Commonwealth
Community
% Mar
3%
1
3%
500
2
300
1
May
15%
17i/2
370
it
15%
51
1,600
:
i
Service
54
100
Service
&
t
c
extended
&
to
Telephone
Consolidated
Electric
&
Corp
1
Co—_,
Biscuit
1
4% %
4%
Gas
l7/a
2
50y4
112'/4 113
400
100
102% 102%
10
Utilities-.
1
Consolidated
Mining & Smelt Ltd—5
Consolidated
Retail
1%
8%
Stores
Consolidated
Royalty
Steel
1%
Rrior
Continental
Oil
of
*
Cooper-Bessemer
common
7%
Electric
13
Mar
Cornucopia Gold Mines
Corroon &
,,
Reynolds,,,,
200
150
Cosden
Petroleum
convertible
1
common—
V»
Apr
1 Va
l
1 %
30
1%
l'/4
25
Aug
141/a
100
dep
Crocker
Wheeler
Brewing
—
%. Jan
&
Electric
Co
ft
Crown
Cent
Cork
•
Crown Drug Co common
■nets
convertible preferred
25c
ft
footnotes
25
see
page
942.
Jan
Jan
6%
Jan
ft
Jan
Feb
28
Aug
Jan
'
4 Va May
5% Jan
May
81
Mar
148 Va
Sep
10
85
Mar
152%
Sep
154% 157
330
82
Apr
157%
163% 166 Va
.
-
370
89
Apr
166%
Apr
5
ft
Jan
81
23
Jan
Sep
Sep
July
5%
Jan
1,500
ft
Apr
ft Jan
coo
ft
15%'
13%
Jun
.16% Sep
16
1
2
..50
common—
common,.——
9
Apr
170
19
...1
May
2%
;;
Jan
2 Va
1'.?:
—
Apr
22%. Sep
Apr
3% July
7%"'
7%
ftS,'
800
J
400
■
'
1%..
1%.;; 1%
1%
Power
&
6
V6
.
.
Light
$7
5l/a Mar
100
*
5
7% Jan
3% Aug
10
preferred
2
dep
rets.ord
Motor
of
"
Canada—
73
2%
:
78%
1%
-
2Va
.
375
'
68
7,500
Stock
(Peter)
Co
Froedtert Grain &
Fuller
$3
.!
Yards
15
i
1,500
10
Malt
conv
2"
2Va
9..
7/a
Jun
4%
300
4Va
Jun
a3a
53
%
8 % Mar
lOVa
Jan
18% May
20%
Jan
preferred—
100
convertible pfd
9%
250
19%
19%.
400
10.
31%
50
8
Mar
50
25
Mar
10% Aug
31 Va Aug
49 Vz
150
40
Mar
50
Aug
Jan
106
Aug
.._*
x
Jun
Jan
104
Aug
1%
30%
88
Gamewell Co
5%
$6
Power
Co
Gellman Mfg Co
Jun
General
88
*
common..
preferred—,.
Feb
3%
,.—100
common-.
;
Gas. &
8% Mar
3 6%
5%
Sep
Jan
% Jan
1
Jan
83 %
Jan
-2% May
16 >/» Jan
1% Aug
% Jan
57/a
61/4
200
4
%
%
200
x%
18
Apr
Jan
5%
Investment
!._£1
6%
common——1
ft
1 Va
May
2%
Jan
6% May
% Jan
Jan
Aug
Feb
15Va
Jan
102%
Jan
100
.*
6%
j
ft Feb
55
July
1/256 July
—
General Outdoor Adv 6% pfd
—100
Service $6 preferred—
Rayon Co A stock.:.,,
*
General Shareholdings Corp cpm„—1
55
General Public
23
23
23
»200
preferred—
General Tire & Rubber 6%
Va Jun
•r*f
%
—_.*
44
44
"~Va
100.
44 4
4Q
•
»
•
'
':
% Aug
:
69
Jan
27% Mar
■7
ft
;
Apr
%
Jan
53 %
Apr
Jan
Jan.
103 % Aug
'
■
Sep
95
Aug
1/128 Aug
ft May
35%
9 6'/a
pfd A—100
.
Apr
July
20
General
convertible
Jan
12%
•*
•
$6
%
59% Mar
*
preferred B
•
Gen Water Gas & Electric common,,,1
$3
preferred.,^,,,
Georgia Power $6 preferred
7
2% Aug
Jan
-
•
preferred.,,,—
(AC)
Preferred
21%.
150
93 Vz
-2.5
*
common......;
4,.,,.,*—.
Class
Consolidated
Gorham Inc
$3
•
4
class A
preferred
13 Va
13
13%
1,685
:34% Jan
103
,
Apr
July
10%
Jan
Mines
*
4 Va
32
29
75
28
5
Sep
9
95
10
92
July
100
...1
ft
*
*
Apr
Jan
Jun
Jan
Aug
Jan
Feb
Jan
ft Mar
Jan
% Apr
23
Jan
42 %
14
Jan
Aug
5
1
95
•
;
-
82
May
'
29
B
preferred—.
Apr
May,
3
Alden Coal—
Godchaux Sugars clase A
$7
July
86 V2
41
■
Co—
Glen
Goldfield
21
80
__*,
"
i
Gilchrist
21%..
93'/»
.
_•
Feb
Va Mar
21
$6
H Jan
ft May
.
preferred,..———
Warrants
Sep
1% Jan
16 %
$6
"
Elec
4% May
July
61
Va July
*
Co Ltd—
Feb
52% May
1
Alloys Co.
Gen Electric
Jan
Va July
12% Apr
Jan
11% Apr
Feb
July
Sep
49
stock——,
Gilbert
Mar
2
Jun
114%
Jan
12% July
18
Jan
1
1% Mar
General
67% May
.V10 %
Jun
Va
900
10
19%
1
Gen
Jan
May
15 Va
.
Jun
14% Jun
31%
Co__—
convertible
•
2
1
common
participating preferred-.—15
(Geo A)
*
1
Amer dep rets ord reg
General Fireproofing common—
Jan
15%
Jan.
8
;v
5
Jan
Jan
Jan
2% Jun
I-
-Jan
11
*
Brewing Co
Distilling——
Jan
4%
103
Feb
,
14%"
1%
31
Jan
64% Jan
Sep
1%
*
5%
Jun
5
44% May
*
£1
reg—
Jan
60
Jap
2% Jan
7% Jan
Ltd—
Co
9%
Jun
6%"Mar
—
(Phila),—
!-!:■
7V4 Jun
1
1
1
—
•
Motor
Ford
Jun
k,
For
Jan
63%
57
1
Jun
1 Va May
%
'£
147%
146
-10 c
3%
100
57/a
May
1%
.
July
4'/4
___5
300
4%;;" 5
Aug
1,100
•
Petrol (Md)
International A
11
V 60%
Aug
36 Va
*
i_'_
Line
Association
Am
Jan
4
14%
1
Crowley Milner & Co
Crown
Equipment.,
Engine & Airplane—
Brewing__
Fox
107
14'A
•
2% July
'
152% 152%
146
.100
preferred—.,
common...
Pipe
Fort Worth
Mar
2
_5
34 '/a
Jail
18%
—.
Inc
$5
receipts (ord reg)_,£l
Petroleum
1,700„
—5
Derrick
convertible
Ford
Courtaulds Ltd-^American
4,400
1 Va
20
4%'
164
Feb
July
1,700
14'/»
50
JanS
.
33% July
f
10% May
% Apr
..15
.—4
v,
.100
Fansteei
9V2 Mar
Jan
A
83%
Jan
l;
155
Gatineau
96% Mar
%
83%
Sep
2
4%
.100
Jan
7/a
18
Jun
39 V2 Mar
106
1
preferred,—
Jan
7/a
5o
preferred A—
34
300
3/128 Mar
Jun
6%
51/a
50
2%
4%
voting,,——
200
5
34%
2%
1
■
non-voting.^——
7%
7%
36%
.1,5
Co„—
MfgV
B
Apr
Va July
7% Jan
36
34%
2%
5/64 Apr
A
900
•
prior preference-,
Copper Range Co
17
17 ' "
200
Class
10%
...—•
$3
Sep
5/64
Class
66
10
Jan
Aug
5/64
Jan
66
9%
%
10%
1
Jan
1%
1
,1
1
Corp..—
1%
\
!-10Q
—;
...
400
50
Jan
1
22% Mar
30
warrants
iy8
41/4
10%
Apr
3
3%
Jan
Jan
1,450
Fail-child
Jan
107
•
.
Mexico
& Steel
100
10
Corp
preferred
Oil
27%
200
100
Continental Gas & Electric Co—
Continental Roll
27%
1%
1
preferred———,
Consolidated
1%
160
10%
33
May
Va
4%
34-'
300
50
19
16%
Light. 2d pfd A—
Sep
800
l'/4
100
preferred series C
Consolidated
l'/a
1 %
250
4%
Power &
Apr
ft
50
21 Va
Jan
Jan
52% Jan
Aug
2% Mar
Fairchild Aviation,,
3% May
2'/a Jan
7 % May
11/4
•
Sep
l'/a
Apr
900
4%
E L P Bait common—!
series B preferred
Sep
Feb
8%
% May
41
43'%
%
•-
Coosol G
19%
6% Aug
150
x20
*
common,..
Fire
ft Apr
1
600
42
Conv
!.
common-.
Share
15%
1
1946—
Coke Secur
July
600
};|
43
—
Jan
Compo Shoe Macliinery-rConn Gas
Mar
8
43
Franklin
Community Water
!
c__
Metallurgical,^—
Fedders Mfg Co—
\h Aug
131/4
t
72%
,
13'A
7%
%
_*
Jun
1/256 Mar
'25
1 "*
Feb
.,*.;
B_-_
4% Aug
Mar
l'/a
1
Distribution—,
Public
2%
warrants-
x7Va
25
;
7%
1
Jan
6V2 May
preferred_100
Southern
Jan
preferred——,
Falstaff
l'/a
Gas—
&
ft
0%
100
43
Florida
Columbia
3
40
Eureka
Sep
Jan
50
70
Jan
41
Esquire
Apr
7
4'/4
3%
62'/2
Aug
%
2%
Feb
6%
100
600
62%
1
Feb
Jan
7
25
1%
Mar
41/4
warrants—
Columbia
&
%
5
-35
% Mar
Fire Arms
Commonwealth
Apr
6%
1
Iron
Jan
Mar
preferred
$3
Mar
Mar
•
Airlines—
Colorado Fuel &
Colt's
Jun
25
200
41%
Emsco
•••'
«
common,—.
Apr
7%
67
V
100
Machine B-
Bond
Equity Corp
6% Mar
15
5
•
Rosenberger Inc
Development ordinary,,,
1
1
8%
preferred—,——:
Empire Power participating stock.
Jan
21
41/4
'
&
Colon
Va
/
•
';V
:
Aluminum
300
100
Corp
"
700
V
22
1
—,
Vz 'U
preferred,-—
7 Vo
preferred.,—
Jan
Sep
Sep
Cleveland Tractor "common—
Clinchfield
y4
ft
Jan
July
600
._,*
common—*
6
Jan
4%
July
4
21
4%
Aug
>
62 V»
'Via
Empire District Electric 6% pfd— .100
Empire Gas & Fuel Co, 6% pfd—
.100
Jan
Jun
6
21%,
100
2%
2
,100
Elgin National Watch
Jamw
Apr
3%
13
1
6 Va
19
52
l
Iron
v
Washing
Option
Feb
4 Va
40
Illuminating-,—*
5 Vs. Jan
x6
20% Mar
7%
Assoc
series
Electrographic
Feb
Apr
100.
1
10% Mar
Feb
$6
Feb
3Va
Sep
10
Neon
6'/a
common—,*
Corp,__
Eversharp Inc
Claude
3%
$5
Jan
14
28'%
10
♦
»
Co
Jan
27
*
—
City Auto Stamping—,,
City & Suburban Homes—
ft
2 Va May
2%
•
200
Sugar Associates—
Electric
Jan
preferred B.,„*-v„—,—w—4.
$6 preferred BB_,_—
5%
—*
Economy Grocery Stores
July
x4%
150.
5'/4
Jan
29% July
7% Aug
Jun
3Va
1
Jan
May
13%
Jan
62
10 0
:
1
29% July
200
Feb
Jan
2
•
Jun
3%
preferred series A__—_*
$5
Jan
83
Apr
& Mar
8'/4
10
8
18,% Mar
Feb
<3%
Lead—.
Fuel
Malleable
Jan
Apr
1
.———100
Cities Service common,
$6 preferred-—
lVa
—10
States
Emerson
Chief
Feb
10%
Mar
l'/a Jan
49%
y2 May
r-
100
$6 preferred
Apr
Jun
3 %
70%
25
7
B_.„—25
prior preferred-
Eastern
Jan
47
4
Jun
17% Aug
preferred..
$7
Aug
%
Jan
6% May
200
105
Apr
Xl7% Aug
—
class B
51% May
Mar
1
—
1
Hosiery
Gas &
Electric
Cherry-Burrell
Coal
Jan
Aug
Jan
27/s Mar
,10
common———,.
2 Va Mar
-4
—
Co
Eastern
Jan
107
7
1%
Chamberlin Metal Weather Strip Co__5
Charis
'
common—
&
Eastern
Jan
Products-—,,!.
Light
3% Jan
Jan
—1
Condenser Corp,—,.
4%%
Jan
Apr
72% May
90
Eagle
Jan
85% May
-74%
25
Jan
39 y2
—i,. —10
Corp
East
6% Jan
6
Aug
% May
90
75
Jan
2%
■"
—10
Duro Test Corp common——
Texas Sulphur,——,
;
6% July
Mar
4Va
2%
100
%
common—. —1
Duval
Jan
6
1
18%,
.20
3
Jan
Apr
800
6%
24%
3
,
Jan
99
90
5%
Feb
10% Aug
1
common
Steel
Harris
Durham
24 Va
20
.
,;14,
Jan
1
24%
*
common—
Co
Easy
&
Jan
Feb
May
Feb
37
Duke Power Co
Apr
Elec
Power
Shoe
Draper
ft Aug
20
—_—*
America—.
Central Maine Power 1%
Central
Co
common
Truck
Dubilier
Feb
1
—
of
Corp
Stove
Dominion
May
12
10
Co common
121
Jan
*
common.,—1
Carter
7
5
105
Products—
Diamond
Jun
xl9V4 May
35 V2 May
100
104
:
Feb
_,l*
com
Gray Iron: Foundry,,'
Divco-Twin
2% Aug
ft Mar
8 Va
preferred—*
common
May
700
%
*
—
preferred—_—
Carrier
y2
*
Carolina Power & Light $7
$6
1
—
6%
OVa
.,,1-1
warrants
Mich
Dobeckmun
Jury
27/a
Va Mar
121
100
Products
1% Aug
1% May
6%
...;_35
Mfg—V
without
Steel
Driver
preferred
Jan
Jun
.14
Dominion Bridge Co Ltd
voting
Canadian Marconi
&
preferred
De Vilbiss Co
Alcohol—
voting—,——
non
Apr
Aug
15%
1 % May
1
preferred,.
Gasket
Detroit
Canadian Industries Ltd—
Croft
1 Va
100
Detroit
Apr
*
participating preferred
%
9
Jun
,,——50
Detroit
2
Jan
Canadian Car &
7%
High
Aug
10%
Mfg class A common-—5
convertible
Detroit
ft July
3'/4
Apr
% Mar
—-1
Corp—
Co
2%
10
Power-
Tungsten
2,300
,_5
Class A convertible—
Dejay Stores-
% Aug
% Aug
ft Jan
certificates—,,—50c
trust
Sugar Estate
13%
2.50
Darby Petroleum common—
Davenport Hosiery Mills——-.
Dayton Rubber Mfg——,,
Feb
13
Aug
y* Aug
Cable Electric Products common-—50c
Voting
12%
5
Derby Oil & Refining Corp
Creole
13%
i_*
—
5%■
4
—5
$6 prior preferred
8% debenture
Calamba
Low
Va Mar
D
—2.50
Sullivan—
&
Range Since January 1
High
_10
Atlantic
Dennison
$6
Low
•
common
,
preferred——-—*
Corp Am dep rets—*
Burry Biscuit Corp— ——
12 Vic
Conn
Shares
Jan
Inc $3
Burco
V
for Week
Jan
68%
Burma
Cohn
Sales
Range
of Prices
'
.
Club
Week's
Last
Sale Price
Exchange
Sept.
preferred
Cuban
Apr
68%
25
—*
—
M
35%
—50
LineBuffalo Niagara & East Power—
Pipe
Curb
Ended
Par
Crystal
Cuban
Buckeye
York
Week
High
Va
High
Va
%
1
5
common—,
STOCKS
New
Range Since January 1
11%
Par
Brown Rubber Co
Sales
Range
of Prices
Friday
STOCKS
York
New
1% Jan
28
Mar
Volume
THE COMMERCIAL
Number 4107
156
STOCKS
Curb
York
New
'
Ended
Week
Week's
Last
Sept.
Sale Price
It
Mfg
Mfg
Gray
5
1st
7%
Greater
Great
.
Pacific
&
York
New
Oil Corp
States
$6
500
2
May
150
58
29
Apr
3% Aug
127
127
50
124
i*6
*
common__25c
3% Jan
pfd.
Lackawanna
1,100
103
103
103
A
Lamson
(N J)
7% Mar
Class
Apr
2% May
Jan
108
Hartford -Rayon
109
92%
200
3%
—i,—25
Co,
40
1
—1
•„
Jan
19
May
-
Leonard
100
Dept Stores common—.
6%
convertible
Hecla
lVa
5
preferred—
1%
1%
30
__50
"4%
Mining Co...—25c
200
30
4%
4
46
Oil
Rubenstein,
Class A
Heller
Co
*
—
.
Brothers
Heyden
Chemical.
Hildick
Hoe
common—
Products
(R)
.
—
68
68
W/2
.
Consolidated G
Holophane
Horder's
Co
Inc
Hormel
—
(Geo A)
.
6%
5
M—
common...
*
—
Z
5%
Z'Vv
,
•
.
1
:
Horn
(A C)
Horn
&
5%
1
Co common
*
Hardart—
preferred—
Hubbell
—„
Oil
Fibre
♦
Ii
t
for
c
1st
preferred
.v
1
''
'
B
i
22%
—
•
:'ZB:.- vb
51
51% >
■,
B'B3':BB 3
Conv.
zzz*
common—
%
%
%
1,200
13%
575
.100
&
13%
Exploration..
1%
13
3%
100
Va May
%
Jan
24'/a
Feb
23%
Feb
Sep
1 Va
Jun
3 V8
4
3,400
99
50
93
P'
Z..\'/r< 4 v/.' Z-'
.»«.•'%
.
Z B" —**vv.Z
vr*
;v
9%
.
aa
100
.*
9%
9%
__
12
60
12
10
.100
12
12
40
—5
—
20
20
100
5%
3
;B;,
Div
arrear
"50
preferred
certificates———j
Zinc
Illinois
;j
,
19%
Mangel
$5
12
Sep
Mar
12
Apr
Jan
23
Mar
167/a
Jan
Stores.,
...
Marconi
International
munication
Sep
12
:'
Jun
J^n
Margay Oil Corp..
Sep
3
Aug
27% Jan
B
Apr
Va
27
Apr
t
v
^
5
.
:
Jan
V®
Jan
6
Feb
4*4
.
;
V-V
'
/
1
'•
,
Massey Harris
1 Va
Apr
8%
Sep
2
Va May
3Vb
Jan
Apr
Va
Jan
3%
Sep
si
J
•?*-
1
...
,
*
•
Memphis Natural Gas
Mercantile
Stores
Merchants
&
&
3%
2 V* May
100
3%
*
*
Co
107
5
common..
2%
107%
80
2 %
1,400
2%
8% Aug
Apr
90
Feb
2
126
Aug
18
...»
common
1% Mar
41 Feb
6%
Mar
Imperial
of
Tobacco
Ireland
4
Manufacturers
Participating
Feb
9%
class A—1
2%
Jan
Great
Aug
Merritt
..^r.V.3% Sep
preferred—..,
Chapman
*
Scott—U
&
23
-
Aug
•
4
94
Warrants
•
1% ■■
9%--
A
29
Textile Corp
Participating preferred—
:
Metropolitan Edison $6 preferred
Michigan Bumper Corp
Michigan Steel Tube
Jan
23% Jan.
200
1
Mar
2%
Jan
150
9
May
13%
Jan
2%
Jan
5%
Jan
7%
Sep
6
Jan
8
Sep
9
Jan
1%
1%
: 1%
20,800
July
6%
7%;
7%
500:
7%
8
200
.
1%
.15
1%
Jan
200
11%
11%
100
11%
——714
2%
Jan
4
Apr
86%
Apr
107%
Jan
preferred
—
100
—,
12
17%
17
17 Va
-
40
preferred—100
7 %
of North America
Co
Insurance
International
.10
Machine.—:
Cigar
*
Apr
12
Industrial Finance v t, c common—1
.
.18
Jan
Apr
-18%
Jan
% Mar
15%;
62%- '
15%
xll
:
1 % July
;
-
W,
50
4 7V4
Feb
::
350
15%
62%. 64
—xll
12% Aug
(
.
55%
Apr
B;777/a Jan
300
10
Aug
17% Aug
■■■
13
Jan
International Hydro Electric-—Preferred
Industries
International
50
Inc.—>
Feb
2% Aug
IVe
Jan
1%
Jan.
4%
Apr
4 Vh
Jan
% Mar
Apr
B 4Va Jan
Jun
•
Paper Co warrants
Petroleum
International
shs..*
Zl,
—I——*
*
Products.——.
International
1/128 July
''jj:.
coupon
shares—..
Registered
11%
11%
;
500
~5
"5%
9
;Z5%
1,000
Class
4
B
l..
——
$3.50
Interstate
Interstate
—
Interstate
Power $7
Investors
Royalty.—
preferred——
1
L_—.
Irving Air Chute..—-.
.—
5 % Aug
24%
24%
100
j.:
c%
6%
200
-
15
Z.
"l
-
rI
;
100
3%
I
8%
v'j
8%
8%
ia
Jan
;10
23
July
1
Jan
7% July
Jan
7% May
% May
Jan
Feb
28%
Mar
-10%
100
Feb
Apr
%
£B4%'ZZi; ~Ziy
% Aug
-V
Aug
22% May
4% Apr
1
Fireman Mfg -voting trust ctfs
Iron
-.
—
11% Aug
July.
A
—*
Mills
Hosiery
Feb
U Jan
11% Aug
6
Equipment———1
Home
i
r.
Jan
2
v
preferred——.———
prior preferred—:
$1.75
Jan
■A
Utility class A—...
;
8% Mar
^v.
International Safety Razor B...—
International
Jan
r;:; % July
15
•Jun
9% Mar
,
(FL)
Co.
'1%
Glass Co.—
Jeannette
.—:
6%:
7,7c
Jan
2%
7/b
Aug
pfd__100
preferred————.:
100
preferred.———
—-100
60
;"4 75 V
30
81
Kings
5%
Co Lighting
7%
preferred D
Z
"
3
3
Kirby
Co
..
Products——.—...
—Ll
Petroleum...
Midwest
Midwest
Oil
Apr
88
Klein
(D
Kleinert
Knott
Emil)
(I B)
Co
.10
Supply—.;.
Rubber Co
Corp common
Kobacker
Stores
Refineries——.
Koppers Co 6%
preferred
Minnesota
Mining
Minnesota
Pwr
Kress
(S H)
Kreuger
For
footnotes
Co
see
page
942.
"5% ~g%
"l% ' "1% '
.
300
200
1 Ve
Molybdenum
Z~'
'39
39;"
*
Monogram
Pictures
Monroe Loan
Montana
common.—.
!
Utilities
Montgomery Ward A__
Moody
Moore
4%B
4%:
Heat &
ZZZZi
%
%
Apr
95,
Jan
May
Apr
1
—
common
Mountain States Tel & Tel.—.
Feb
Feb
Feb
161
Feb
158%
70
158% 158%
15%
% Aug
5% Aug
1%
1,100
4%.
300
4
97/a
.100
9%
50
9
20
99
110
110
17% Aug
20
July
1
Aug
5% Aug
2%
Jan
Feb
5
May
7%
11%
Feb
Apr
May
7
-2%
_•
1% May
May
1%
4%'
«
*
...
Feb
15 Va July
...
114%
Jan
9%
Feb
10%
Sep
Aug
5%
Apr
57
250
1014
Jan
5
10%
■
"lOO
Aug
68 *%
Jun
N
Nachman-Springfilled
Bellas
;_»>
8%
8%
100
1
Hess common
%
%
1,300
common..
preferred—.
(Del)
Container
Mfg &
%
10
,
Jun
,
100
11
Jun
14 Va
42%
42%
50
39
Jan
45
8
Apr
10Va
8%
8%
2,500
8
Vz July
10 Vb
1
325
68%
'40
62 Va
1%
Jun
Rubber
National
Steel
common..
National
Jan
8
Feb
2
Jan
3%
10%
Feb
Machinery
Car
Jun
97
Mar
;
23%
8V4
National Transit
National
Tunnel
National
Union
Oil
&
76
72
72%
"
'
Co..
2
50
Apr
52%
Feb
10
12 Va
Feb
13%
Feb
(Herman) Corp..
Neptune Meter class A
2%
Apr
Jan
Nestle Le Mur Co
Nelson
class
A
Apr
Jan
Apr
93
Jan
__5
_•
«
2% May
5%
100
5%
Jan
7%
Jan
23%
50
21%
Apr
25%
Aug
11
Jan
8%
8V4
200
7% Mar
10
Vz
2%
10
Aug
7% Mar
500
9
Jan
10 *4 May
2%
900
2% May
%
105*4 105 V*
20
4%
Jan
% Aug
Feb
9%
*
Jan
95 Vb
5%
—
100
Jan
Jan
3
23%
30c
preferred
1st preferred
Jun
Sep
Aug
May
7
ZZ
•
Mines
Radio
.
10
12.50
Nebraska Power 7%
Nehi Corp
4
'
—,
Ltd
75%
-
Sugar Refining—
National Tea 5% % preferred.
Navarro
81
75 Va
*
common...
Sep
7% July
8%
National Pwr & Light $6 pfd upstpd—•
$6 preferred stamped..
*
National
77/a
13 Va
1%
1% July
2
Feb
12% Apr
Feb
Apr
Feb
*
Refining
Feb
A
18%
13 %
13%
50
•
Stores
Jan
9
Apr
11
1
City Lines
convertible
6% May
i36 Jan
18%
«
% Mar
Jan
1% Mar
1
60
lVa
Mar
*
39% Jan
50
Va May
7% Aug
5%
30 Va Mar
152
.
1%
19
50
Apr
Aug
500
%
Power.—..
4%;
Co
4
4% July
1% Mar
-10
Murray Ohio Mfg
Jan
Jan
6
—DC
Jan
100
July
Aug
Producers..
53
430
103
Aug
States
27 Va Mar
91%
Jan
May
44 Va
5
Mountain City Copper common-
% Aug
90%.
82
1
Mountain
5
100
Feb
May
—10
Mountain
Rewer
% May
32
15
Mtge Bank of Col Am shs
Mar-
3%
200
4%
._z*
Investors partic pfd—,.... Z"
ZZZZi
(Tom) Dist stamped
Montreal Light
234 May
-
—.1
Society A
Dakota
Jan
14% May
90
150
*
•
Jan
Jan
67
—1
Corp.——
Monarch Machine Tool
4
3%
■
July
7
Jan
5
National
*
1%
0
3V4 Apr
July
GOO
Jan
1%
x5% May
Moek Jud Voehringer common..— .2.50
National Fuel Gas
1%
41 »/a
May
% May
Missouri Public Service common...
Jan
t
14 V4
25
% May
Mfg——.
pfd—k ..100
Mississippi River Power 6% pfd— -100
1
special preferred—:
Brewing
.
Light 7%
Jan
1%
Feb
13% Aug
&
&
8
100
Kresge Dept Stores—
4% convertible 1st preferred
;
-
ZZx
116
1
—
8*4 July
Mining Corp of Canada...
Jan
10
:
Inc
8
♦
&
6
*
common
4
Jan
68
111%
1%
3% Aug
Va Sep
Va Mar
2% July
150
26 B 26—
Zio
——
Co
Piping
Mid-West
$3
1
Feb
11% May
26
.
5
1
Jan
8%
100
V
—
National
pfd B—100
100
1%
5Va Mar
100
3
,
common
Abrasive——
•
Kirkland Lake G M Co Ltd—.
"%
%
Corp $2 conv preferred—t
National
Kingston
4% J un
2%i Jun
1
$2 non-cum dividend shares—
Mid-West
National
Ken-Rad Tube & Lamp A
300
Jan
61
75
preferred—100
—.
5
Apr
K
Inc...——
4%
v
'*
Midland Steel Products—
Midvale
National
Kansas Gas & Elec 1%
6% July
5
common—
National Breweries common...
National Candy Co..
Kennedy's
100
t c.l
v
———
Corp
7%
4%
1
7%
1% Jan
*
Jersey Central Pwr & Lt, 5%%
.
t c_.
v
West
Muskegon Piston Ring—..
Muskogee Co common
6%
preferred—
;i:j :-.ZZr
Jacobs
Class B
7Vb '
Apr
•
International Metal Industries A
International
IV*
1
series.—...
$3.50
10
Middle States Petroleum class A
Feb
Va
%
10
;—_»
...
Aug
106 Va
3*/a
10
2.50
—.——;—
Hone Corp
Midland Oil
&
Indianapolis P & L 5%% preferred_100
Indiana Service 6% preferred——100
7 %■
Preferred
Micromatic
Apr
30
99% July
1
Jan
Mar
1% July
Jan
26
•
—
Middle
Apr
Pipe Line..—
Apr
Va
115
Jan
4^ Jan
25c
j
7/b
Apr
8 Vz
Indiana
Feb
Mar
A Mar
—
preferred
Metal
A May
16%
7% Mar
•
9'A
•
—
8
Britain
Jan
Jun
37/e
Sep
.
•
Jan
2
700
19 Va
ZZZZ5
——4——£1
Jan
37/a
21
'
—,———
Jan
10
.1
common
McCord Radiator & Mfg B
McWilliams Dredging..
Mead Johnson
V» Aug
,
700
£1
6.
Jan
Jan
*
c
Michigan Sugar Co..—.
!
July
■
Jan
2% Mar
9%'•••.
Imperial Chemical Industries—
Am dep rets regis
—
Imperial Oil (Can). couponRegistered
Imperial Tobacco of Canada..
Jan
Jun
50
-
*
Jan
•
25
1
—.
Jan
,
58 %
^
',,v.5 Va
1
2%
July
Com¬
—
Mar
15
—
Jun
1 Vi» Mar
50
*
Marine
Ltd
Co
„
*
Marion Steam Shovel
112
46 Va Mar ;
%
1
—
preferred.
Consolidated Mfg Co
31
'•
warrants
convertible
15
h
Jan
Big
19 Vz
1%'
Co—
Jan
Sep
M
Manati Sugar optional
Jan
7%
Apr
■'
common
July
214 Aug
;'W2% Aug
150
33%,
Co.-
convertible
4% July
102
'
i
Power
2% Mar
Apr
May
12
.100
pfd...__—_..
1st pfd v t c_
7%
3%
———100
Messabi Iron Co..—...
1
Iowa
Jan
13
97%
1st
Corp
6%%
Illinois
Feb
8%
Apr
14% Aug
I100
____
5%
'
r
Is
Hygrade Food Products—
Aufc-7
Jan
5
1714
Jun
*
Securities
14
11
5,600
1%
Land
7%
Conv
Lynch
!
88 Vz Jan
Jun
•
Jun
Feb
Jan
1114 Feb
B 12 Va Aug
1,700
u;:, 300
250
6%
6
Packing
Louisiana
Jan
24
<
May
21%
'
13
Jan
16
1
Feb
6% Jan
Jun
109%
:
6 V*
Ludwig Baumann & Co—
Apr
2 V4
75
6%
Louisiana Power & Light $6- pfd.
Jan
27 Va Mar
•';
'BB«,Z.';,Z"3-
.
.1
—
22%
**"
-B !
£
■
5
Huyler's common———,;
Hydro-Electric
■
5
Corp
Co
Ligonier
—
:
——
Hussmann
V
.'.,.22%;
IIII100
(Harvey) Inc.,——
& Refining
Humble
Hummel-Ross
'•
■
127/b
—*
Mass Utilities Association
:
'
27%
Apr
Jan
12
•
July
5
13%, Apr
—5
Sep
10
12
B
20
-25
—
Jan
;;<B 5% Mar
v'
*
& Co common.
Chain
Jan
67/a
12% July
.:B' 150.;
Va
100
200
% Mar
2*4
30
10
1,100
15
,
Jan
,
22
5%:
,•
Feb
5
5%
22
~5%
Feb
Apr
2% Mar
3% May
1,000
...
Long Island Lighting
Aug
400
6%
14%
4%
,l«
—I
20%
1% Mar
14
14 Vz
10
4%
..25
Star Gas Corp..,
Mapes
Hollinger
common
:
67 V2
2%
—
& Co class A
4%
6%
13%
Jun
Sep
3% Mar
50
Jan
Jan
3%
9% July
10
—
50
lVa
10%
preferred class B
5Vz
4%
Jan
preferred class A.:
20
4%
*
5
lVa
9% Mar
preferred
Jan
7% Aug
25
Rubber
Inc
6%
6
2
common
Preferred
Henry Holt & Co participating A
Hewitt
200
Feb
5
7%
3% May
•
July
2%
—
Feb
25% Mar
*
i
—_—
102
Jan
May
Apr
zzz*
(R G) Inc
Lone
l.
Helena
Jan
JanjS
5 Va
Development—
Apr
2,300
9
3
13 %
»
13
1 Vz
100
1
l7/s
100
%
100
Material Co
Jan
'
Hearn
2*4 War
preferred
Jan
2V2 May
14% May
*
Corp
Jun
*
Le Tourneau
Loudon
Hazeltine
2
1
1*4 Aug
Hat Corp of America B non-cot com__l
2
22
4% May
Apr
Vz
5
100
May
May
July
43% Mar
1,000
_5
Lehigh Coal & Navigation.
2ya Feb
Feb
15
voting-- trust-ctfs
Brewing
414.
4%
20
6%
2%
B
Convertible
Jan
Lit
•.
■
24%
5%
Lefcourt Realty common
34Va
Apr
10
Hartford Electric LightHarvard
4'/a
5
—
Paper.,—,,
High
2%
1% July
Locke Steel
Co—
Low
class A__*
Langendorf United Bakeries
H
Lamp
Range Since January 1
High'
24%
5%
1
Corp
Lipton (Thos J)
Hammermill
Low
1
Lane Wells Co common
Line
Hall
Shares
100
Mines Ltd
of Delaware
1.
Lane Bryant 7% preferred—
Jan
Jun
RR
Shore
Lakey Foundry & Machine
J an
35%
24% Mar
30
Jan
134% Jun
Feb
91
*
*
preferred-,-.——.;.——
Gypsum Lime & Alabastine—
32% •
3iya
25
»
.
$5.50
83
Jun
Vb
for Week
Jan
Jan
5 Ve
Sales
Range
of Prices
Friday
11
4 ye Mar
Feb
27
200
Week's
Last
Sale Price
Exchange
Sept.
Par
Lake
70
—25
.
Utilities
Aug
2%
2%.
Curb
Ended
High
100
1
Brewery—
Paper__
Grocery Stores Products
Gulf
Low
3%
69'/a
100
Greenfield Tap & Die
Gulf
2%
3%
*
preferred____.
Northern
High
York
Week
Tea—
.stock,
common
3%
939
STOCKS
New
Range Since January 1
19 Vz
»1
Co—
Atlantic
Non-voting
Shares
10
common___—
Grand Rapids Varnish
Great
for Week
Lou)
Par
Gorham
Sales
Range
of Prices
Friday
Exchange
& FINANCIAL CHRONICLE
Mar
Aug
11
105
Jun
113
Feb
84
Aug
84
Aug
2*4
Apr
3%
Aug
6% May
8% July
Feb
1% Aug
1
THE COMMERCIAL & FINANCIAL CHRONICLE
940
Monday, September 14,51942
i
NEW YORK CURB EXCHANGE
Range
XI
Par
England Power Associates
6%
preferred
—
$2 preferred—
:
——
New England Tel & Tel
_•
New
*
Clock Co
Haven
New Idea
N
Y
Y
i.J
r-'
;•
N
30 Va
7
80
80%
3%
-200
■
,
*
58%
60%
1%
58%"
.!%
%
•
50
1,400
"
1
•
-300
Jan
4 Va
Feb
.
12
Apr
68 Va
vv
Apr
1 Vs
1%
15
/ 15 T a
15 T
-
•
•
Merchandise...
Y Power & Light 7%
Y
preferred.
>92
.100
91%
'
92
90
•
2%
J
•
Quaker Oats common.
6%
•
preferred.
Quebec
64
10
64
,
56
!Ioo
—
Jan
70
150
Jan
8 Va
Apr
Apr
R
300
Va
Radio-Keith-Orpheum option warrants.
100
common
-hM&j
?,
■
17V*' 17Tb
32.
Raymond Concrete Pile common
J an
.
16
150
25%. Jan
Jun
-
94
-10 '
Apr
102
,
7
6Va July
26
;
26
r-50'
19 V2-Apr
«■
■
-
1
1 Va
1 Va
300
42
<
30 Va
100
5<% 2d preferred..——-———
"■< Class A optional warrants..—.—
Class B optiottal warrants—-—.-
•
Mar
5
Niagara Share class B common...
.
9%
—t
Feb
53
Aug
Jan
1/128 Mar
,
-A Junw
Electric—.——
North Amer Light
Stix
Rice
Va Mar
V
86
2 V2
100
*
^
■•'700
"
preferred——
class A..._—•
B common———
—•
19%
Class
19%'
18%
100
A
i
'
1
1,900
u ; ;ii v.
2,100
li-;
_
Root
Petroleum
%
50 V2
•
—.5
19%
Sep
18%
«
Sep
Jan
52
,..
Royal
»a
43% ; 43Va
43%,
3% May
preferred.—.———————100
Pipe Line——..——10
Northern States Power class A——.25
Novadel-Agene Corp..—
]
•
88
3%
,
7%
95
Jan;
Apr
102
Jan
9Va
Jun
•'
'
108
Jan
Jah'
53
Jan
'
3 Va
;:I,5oo
Jun
'•'1%
v
■r
4 2% July;
Feb
11
■>.
4
v
.
Feb
5Vrt
.
Apr *
% July
,
'3% Mar*
Feb -'
2%
.2 Va"
,
Jan.
'
77/a
,
Northern
9% May
Jan
"
;
514
16%" 16 Va
%
1% Mar
300
200
5 Va
6 Va July
17% July
Mar
11
•
St
Lawrence Corp Ltd.—..
Class
St
$2
A
Regis
:
pref
conv
50
Paper common
.
1%
1,500
108%
100
1%
:
'
8
8V2 May
1% Aug:
.
IV4
5
v
Va May
2V2
.
Jan
'
preferred
7'/o
Salt
o
1st pfd—
7%
100,, 102 Va
—
!'
*'*
Feb
112 V2
Jun
112
Jan„
Apr
110
conv
93
Overseas".
Schulte
'
»•
(D A)
common;
'
o
••
K
Feb.
7
.
Aug
Scranton
Jan
$6
Lace
48
Jan
Scullin
111
> 4 V2
Sep
4Va
Sep
Securities Corp
Juri
4%
Jun
Seeman
2Va
Feb
Segal
50
3 Va
50
3
;
Steel
Co
■■T
■
9
29
-j
28%-* 29
•■
1st preferred...
_
Lighting $5 preferred..—
* :>•
Power & Light 7% pfd——.100 Pacific Public Service
1
——*
5Va%.
"'
—•
Venezuela Am shs——
v
qT'tV'
v
Q-T.
*' /. —
73%v 73%--'
i
.10., *:
V'-IO
90
V'
~3 Va *
-
~3
~3Va <-'-4,300
--
Co.!—_———„——2%
—1
Traffic
13 Va-
general—
8
a%7
14:-V;
8 Tb
-
.....
preferred
Salt
Sugar
Penn
Mfg
common-.—-.
Co—:
4
—
»•
:
8%
2%
5V2
Pharis Tire & Rubber.......sr.
..1
69%
'.
Governor
Pierce
Pioneer
Gold
•
————1
common—
Mines Ltd
___•
Pitney-BOwes Postage Meter
Pitts Bess & L E RR._—
X47 %
"25
144..,
125
■
X4T% X47
88
—1
Potrero
Sugar
25c
5
5
powdrelh &
common—
Alexander..—
%rJ"
-
-
*36%
100
Simplicity Pattern
Metals
Producers
of
81
100
' *
—
Mar
-200
3 % - f'
-
3;
-
Apr
'--•3V2
'
"
45/a-
800
5
38'/a
38 y4-
38%
Jan
«
Amer
*
Sioux
dep
rets ord
Aircraft
Solar
Jan
Soss
175 »/a
Jan
3% May
$5
1—•
-
5 %■•
5 ya-
-
South
Penn
Southwest
1%--
3,500
5V4-*- >400
**:
-
5%.
original
3% Aug
6%
1
;
*
Southern
5V2%
Jan
...
Feb
Feb
-Southern
6 V«
Jan
Southern
4
Jan
1%
Jan
5 Va
Jan
Jun
43
47
Jun
63
12
55%
Apr
Feb
2%
Sep
7
Jun,
7Va
Apr
%
68%
67
67-
-
■7%
Apr
1,000
-
Jan
Va FebJan
3 Va
3%
"
4
»
7% "
■
,4-
•
3%
200.
3%
Aug
-
15%
"iy»* "1%,
Xl60»/a
100
130
>>
July
Apr
Mar
<
Apr-
.
17%
2
Apr
1
30
Xl60'/a 162'A
162% Aug;
-
Feb
19%
T'b
s.
300
'
100
1%
,1%
1%.
1
.1
1
common
...
Line.......
1%
1%
100
1%.
1 Va 1
900
200
->
Feb
1 Va
3'%
400
1%
500
27'/a
3%
3%
_25
...
100
1%
1%.
1%'.
1 Va
-1
California
34
x34%_
,
2
May,
35
_
l'/a
Jun
\i
Jan
1%
Feb
1%
Apr
2%
Jan
Sep,
2%
Apr
;
.
25,
10
Edison—•
preferrfcd
Southern
3
j
Jun
3% Aug
Apr
»
Apr
35
Jan
27
-
Jan f
'Mar
Colorado
Power
,
j.
30% Mar
25
28%
class
25
A
"
26
26
_____25
Jan
100
24% Mar
29"
26 Va
400
23% Mar
26%
Augr
Jan
1
July
%,
109
Telephone—100
5
10
Ir-
%,...
7-.—
;-v
400
*
Vt Feb
May
r
200
100
i
•
105 ;
,10
5%
7
.109
..
10
Phosphate Co^
Pipe Line..—
42
28%
25
;
New England
,
——
preferred A
Southland Royalty
.122
.,—5Sep:-;]
6
—
1
!
Spalding (AG) & Bros—
1st preferred.
»Aug
Jun
Feb
r-
6V«
>
u s
Feb
20
Jan
7 Vt Mar
33
Spencer Shoe Corp....i
620
%
10
Jan
Sep
29
6Va July
■-/
Jan-:
1%/Sep
; 21%
May
1/64 Jan,
*
—
Convertible
-
Oil
..
..
1
Sep
1/64 Jan
,
preferred
:
—,
10
—^
1
__
(Ohio)—57c pfd
100
lVa
100
,
12%.-, 12%. 12%..
—
.
—
.
.
Jan
.>.
Feb
97/a
300
.
1%
12%. 12%
.
Va
1% Aug
11...
11
"
Jan
%
A' Jun
100
%
,'
—.
,
> lVa
.
20 ;
10
(Ky)__—
»
2'/a
1%: Jun
V
...
Va
,
.
1
4 *.
■■
^
2.78
$1.60 convertible preferred..,
Standard
;
Inc
Brewing Co.—
Standard Dredging Corp common
J an
Standard Power & Light
Feb
>_1
Common class B
Jan
4%
.
Preferred
50
Apr
.
103
Jan
2
Jan
.
12%
Sep.
14%
Jam
110%
Feb-
,
..10—Feb
.
Jan.
.14
10% May
400.
% Mar
3 Va
.
1% Apr
:
">
1
•
——
—
i. —
Apr
Jan
.
Apr
Standard
Apr
A
*
Co/
5%.
"5%"
100
16%
200
eya May
A Mar
.
16%"
Standard Steel Spring.
:
13%
Jan.
19% Jan
AVz Mar
Standard Silver, Lead..,
'.
V» May
iV Aug
12.
'/a
77/e. Feb
Products
A
-t-r.
__
—4*<—
4%
A May
6Va Mar
600
21%
21%" '/ 17%
2%
j
Jan
Sep
A
% Mar
Apr
"" 1 V<t "1%
"l%
..I
•
23 V2 May
5
—•
....:
Jan
Jan
Jan
150
29
Spanish & General Corp—
/ Amer dep rets ord regis
13
2%
Feb
28
5
Standard Cap & Seal common^
Jan
Jan
Co
Jun
Jan
-
-
25
Apr
4 V*
16%
*
——
8%
3%. July
1,100
Gas..]
8%
Standard
3
300
i 1: '■■ 1%:
100
—
8V»
-
1% Mar
1,200
4'y 4
%'
Standard
105 '
20~
105
96 V2
106
...100
Apr
Apr
109
111
Feb
Mar
99
98
99
39 Va'
40%
87
300
? Mar
35
825
40:%
•
Jan
103
52%
Feb
Tube
elass
B
1
.
—T
Starrett (The) Corp voting trust; ctfs—1"
Steel Co of Canada
Stein
1.
Jun
9% Jan
11
—
73 Va July
*
2%
51
*
page
78% July,
8 Va May
/-),
Jun
.115 :
Jan
-.
9% Jan
£1
pfd
preferred series C
V2
31 Vt
July
9
m
.see
HO
Jan
4;
11%
i,
--iV Jan
-
20 V2
Jan
Apr
k
(A)
•
^
Feb
6%
1st preferred
Jan
5%
2d
.
ft
•
>;
,
„
46
—/
Jan
;
__
,
1
;
__
r •
50
,
Apr
iV Mar
.
,46.
Apr.
9 Va - Aug
Apr
2
Aug
34
1
"•
Apr>.
8
*
& Co common
Sterchi Bros Stores——
2
1% Aug
—
Apr
*
3%
Jan
35 Va Mar
"
Sound Pulp & Timberl.
Pyle-Nafcional Co common
1.
footnotes
.'■»
Feb;
5y8
Feb
u,
,
59% May
1,900
76 V
4% May
i,
Feb
,
...
preferred B
4
4% -May
-
270
49Vav
i..
Puget
.—.For
74%;
..74Va
1
Pipe
Feb
10% July
3,
Pyrene Manufacturings
>500
V
Co.
Oil.
Pa
Jan
,37
48
48
...100
preferred
Vt Apr
397/a July
2V&
1st preferred
prior preferred
25
Manufacturing common
22
Puget Sound Power & Light—
$6
.
Aug
9%
2%
2Va
100
——
Co.
96
■
8% May
-
America.
1st preferred.—
Feb
45
.•
Aug
•
7%
4%
2 Va
;
•
Corp—
50
Public Service of Colorado—
6%
-45% Feb
'
4 1/b May
•
5
regis
Manufacturing
31V2 Mar
450
-
33
v
Apr
1% Jan
■
*/
"'
City Gas & Elec. 77«
Southern Union
19 %
;
>
Apr
....1
...
1
Solar
3Va Mar
-,
v..
.7.
1
..—100
Sonotone
May
-
Corp of Nevada.....
Gas—
^ July
4
Apr
'
1
common
Jan
Jan
29%
3
Prosperity Co class B__
Providence
1
'
Manufacturing Co—
Feb
Apr
Pratt & Lambert Co.
Pressed
Jan
Jun
-10% Aug
Mar
250
preferred——..——..*
convertible
Standard Oil
Gold Mining—
Prentice-Hall Inc common
%
rr-1;'.:
$3
Feb
Jan
29
89%
- <
•
Power Corp of Canadai.—_—
Premier
A
.%
417 V
41
Simmons-Boardman Publications—
100
Aug
Apr
1—
common——:
——7.50
Scale eommonx——
10
Polaris Mining Co
t
1
38
Mar
'
3%
Jan
Jan
38
l$
1
common—...'.
Stahl-Meyer
Inc
36
'
•
Apr
8 Va
Canada..——
>A
Jan
Pittsburgh
Pneumatic
'
common.......
30'A
Mar
2%
89%-
Pittsburgh & Lake Erie———_——50
Plough
u July
Feb
56
Aug
64V2
10
-
—__50
Metallurgical—
:—10
Pittsburgh Plate Glass——-—.—25Pleasant Valley Wine Co—
—1
•
,
2 % Mar
,
Sep
9V2 Aug
105',
w-
-
series Ax_——u-10
$3 preferred
Conv
Co
Southern
pfdi—25
Packing Co.———————*
Securities common.._•
I
A
-
200
3%
Jan
/'■>■(.*. u ,j:.
c'j
J
1
Mining
-
South Coast Corp
:.
Phila Electric Power 5%
Jan
^
9%
Sep
26 Va July
3%
25
pfd .series AAA
cum
Silex
Jan
74Va July
120-
;
*
A Mar
•
-
Va
69%
144
Philadelphia Co common.x.—.
Phillips
Va
3%
Apr
26
77
76%-
.V--
6%
>
5
V.
Sherwin-Williams of
3IV2 Aug
Jan
200
»-
41
Perfect Circle Co__'____x——.
Phoenix
8
30
Denn
Sherwin-Williams
Jan
14 Sep
*4
May
2,600
3%
8%-
.100
-r. r-
x
Aug
69
Singer Manufacturing Co Ltd—
3%-
3%-
- ■
Jan
112% Mar
26
July
.
% Mar
:
•
20
Inc common..
stock
Shawinigan Water & Power—
3 Va May-
*
Water & Power Cox
Pepperell
Prop
100
•
*
Singer
:
Perm
29'
Allotment certificates
Shattuck
July
•4%
29% July
50
Co——
6%
*
•Seton Leather common—l—___
■*:
—
Mfg
Jan
50 i
32 Va
1
Safety Control.
Serrick Corp class B
fc.x.-*'"'
24
"
$6
-
32%
32 Va
•
...
Hardware
&
a
13 i-' July.
«
i4% May
1,-100
•
Penn
Feb
-C:-
.1
$7 preferred
& Light
% July
15% Aug
' Jan -,r<19
16
1
Sentry
Febv
3
Aug
10
150
Elec class A com.—
Power
Penn
Jan
Va
87
t-
,
Jan
5%
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred—
• -V
Penn Gas &
July
98
Apr
-3
-
Jan-
-
3 Va May
Pennroad Corp common..
Cent Airlines common...
9
29%
27%
Apr
71 % Aug
11%
Corp...—1
Parker Pen Co...———10
Parkersburg Rig & Reel
—1
Patchogue-Plymouth Mills—___•——• i
Peninsular Telephone common...^..*
$1.40 preferred A
————25
■(: 'i
'
July
24%
-V
' 300
Motors
Paramount
Jan
Apr
'
^
Mar» '>
111
6%
$5.50 prior stock.
2% Aug
1st preferred
$1.30
Pantepec Oil of
Ts
73%-
^
Jan: -r- i
19 Va May
-
•
Inc.—
Bros
Lock
Convertible
22 Va Mar
Pacific
Penn
4-
25
Pacific
Penn
■
300
26
•
V
%
Co common
6% 1st pfd... —25
12
Apr l
•'A-1
■A Feb A'
8 V«
,
25%
common
Selby Shoe Co
Selected Industries
•
%
'
Apr
>; v
Can
Pacific
; 10-1
-
Jan
preferred——-.:
1% Jun
4Va
3%
Pacific Gas & Elec
'
200
j—__...J*
common
May
...
30
"•
'
17
Apr
Ayr
1
lOVa
25
Manufacturing
•
i_.—25
Scran ton Electric $6 preferred
*.
Seiberling Rubber common
,
—
1
preferred
.Convertible
95
1
10
10
Scovill
5' 40
1
——
•
Jun
21 Va May
-
'V»>
Feb
98
.
A
: Apr
% >Apr 7
Jan
.
Sep
19
Scranton Spring Brook Water Service—
4Va
———
Securities
100
5V2 May
«12
100
15:. 15
prior preferred
Omar Inc..
•
f>9.<
'•
United Filters B—.
Oliver
Jan
Sep
V
5
—
Jan
3% Jan
Feb
V4
1
common.——
Mar,
-
91V2
50
"
93
93
Oklahoma* Natural Gas common.. —15
.—50
.f
$3 preferred..——
I
$5 Va
Co
100
70
5
common.
Schiff
77
•
Ltd
Feb
14
110
"108% '
107'%
101
-100
-100
1st preferred
6%
Oilstocks
Co
125
16 Va""
77
...
10714
Power 4 Va %
Ohio, Public Service
17 V*
Oil
120
Apr
l%July
~
*
Savoy
110
;aoo
preferred.—T
preferred,.—.% __1U0
Ohio Oil 6%
Ohio
preferred...,
$6
Edison
;
common
Feb
> 75
15'/a
.7.7
*
Ohio
2%
Jun
107
1
Mills..,
Sanford
1%
600
2%
Oil Co.—
United Corp
Samson
2%.
•„
Ogden Corp common
Ohio Brass Co class B common..
Dome
108
100
x—
942.
•
--
5
*
8%
8%-
9
;
8%
200
Sep.,
16 Va
preferred
—...20 i .1
8V4 May
8%. May
Sterling Aluminum Products
1
6V«July.
7
Sterling Brewers Inc—.
1
Feb
,
8
6
6 f:
.300
Apr,,
4%- Feb ,
1%.
1%
200
If Jaw
C
;
6
1
.—.10 ""
__
*
n
Feb-
4%
2 Va
15
■
Jan
Apr
-
12% Mar*
(
Apr
Jan
72%
20
*
Vt Jan
■
;
30 V» Mar
May
87
86
pfd.100
Public Service 6%
.'a May
,
Texas Oil—_———5
Northern Central
Nor Indiana
"•
Utility Securities——*
•
J"^:
1
:
•
v)
1% Apr
*
American
Apr
x6% Jan
9% May
!_•
Feb
*•11%
May
2
; : 800
1%
Ryan Aeronautical Co..
—
1
^•Ryan Consolidated Petrbleum.x...—.*
Ryerson & Haynes common.—.
1
July
„
J.
Typewriter—_t_.—
-
Russeks Fifth Ave..—.
„
'
7%
^
1%U
Jan
5% Jan
10% May
:•
—
A
11V*
Jan
h
"77
a_—♦
I
V.
m
%Mar
-
$1.20 convertible- preferred.^..—...20
Jan
88
Jan
Va
pfd D—xlOO
Co
Jan
18'% Mar
:
"
10
Apr
5% Jun
_
-1
v t c„1
Roosevelt Field Inc—
Feb
Jan
1V«
2% May ;
Corp common.———5
Jun
tV» Mar
Apr
2%
Apr/
9Va
.
"3%• ;"'-3%, "3%
"_.—...xl
Pendleton Inc.
Cable
Rome
3%
Apr
A
5
'
15 V2 Mar
preferred—'——50
prior
Rochester Gas & Elec 6%
Roeser &
(
.%
•:
Fe b
15% May
100
18%
North American Rayon
Jan
5Va May,
Apr '
A
50
-750
62% V
•
Gas Co
51 Va
Apr.
*r
Jan.
14%
.
'
■
60
Jun
5'/2 May,
% Feb
200
'
:i
,
15%
i—
Dry Goods—.
Radiator..-—...
Richmond
"
15
'i—I,,f
14%
Jan '
90
•.Apr.
8%
1,900
2'/a.
iV
27/a
2% Mar
r
10
..
9 Va
2 Va
—1
common__l
.
& Power
400
'"
"%
Mines...-y——5
Nipissing
86
86
100
—-*
—1
Class A preferred.
Niles-Bement-Pond I——
Nineteen' Hundred Corp B_—LL
*
Rehance Electric & Engineerittg^
Republic Aviation
>—
Rlieem Manufacturing Co—*—.
Feb
Apr
■■p
V* July
'
.
-
%'
2
'/a
*
•'
50c
Rio Grande Valley
2
15%
200
i
•
2%
*
—
300
Reiter Foster Oil Corp..
69%
..
1/256 Mart
1
Feb
lVa
Aug
Roller Bit Co...
Reed
•k Jan
16 Va
1%, Aug
c0mmon__50c
*
Jan
45% Aug
20
45Va .45%
45Va./
•
Manufacturing
Red Bank Oil Co.—...
27
t
l-: Aug
30,300
47 Va
-
-
45%
46 %
Raytheon
Jan*
A
12 Va July
,*
Feb
6%
Apr
Railway & Utility Investment A—1
Jan
'
1.01
4
10
:
——
Jan
9I V2
May
Voting
$3 convertible preferred
-
101
.10
*
Apr
8%
Feb"
10% Aug
C
8IV2 May
—
—
Niagara Hudson Power common...,
100
5%
1st preferred———.
North
High
May
...
139
Co.—
Power
Apr
Feb
18
Jan
74
•
6Vo
Low
1% Jan
3 Va
''
Jan
7%
j
.
....
preferred
N Y Shipbuilding Corp—
1
> Pounders
shares'—
,100
N Y State Electric & Gas $5.10 pfd
—5
NeW York Transit Co—.——
100
N: Y Water Service 6% pfd....
$6
Range Since January 1
High
Railway & Light Securities
..10
$6
r
Low
Jan
-l
^
11 Va July
1,100
a
■
Noma
Shares
Jail
2% Mar
"
I10
for Week
Par
Aug
101%
Apr
3
7 Va
Apr
10 % Mar
_•
Sales
Range
of Prices
Friday
,.,
It
Jan
84
•3%
f—
Week's
Last
Sale Price
Exchange
Sept.
Jan
Apr
7% Aug
125
Auction Co common..:—:
City Omnibus warrants..:
& Honduras Rosario
——
N
IV2
19%
•
_
N
•
Apr
225
22%
83%'
'
•
Ended
High
%
84
400
New Jersey Zinc!—-...1
New Mexico & Arizona Land..:
N >Y
Low
Curb
York
Week
Range Since January 1
High
,.22%
——
Jnc common.
Shares
—
400
'
New
Low
I
New
for Week
of Prices
"
Ended. Sept:
Week
STOCKS
Sales
Last
Sale Price
Exchange
Curb
York
Week's
Friday
STOCKS
New
s
8
Apr
6%
Jun
; -1% Mar.
,
'!>.
I
"»■
*
{'
'/O'.•••,};"J ...iA
,v>
i
yolume 156- Number 41-07-
k*'>
i
A;:)
/
>
'y, \'r
,,«;
THE COMMERCIAL & FINANCIAL
CHRONICLE
*
fa
'1
I
"
m
*
>
■
■
fa
■
...
YORK CURB
941
■.
■■
EXCHANGE
'
•
V
V-
STOCKS
,
Yark
N«w
Week
Curb
Ended
;
„
Friday
,..
Exchange-
Sept.
'Week's
'
Si Last
•
Range
Sale Price
XI
(J
Co
B)
■St.
Shares
Low
%
200
li
common
Sullivan
Sun
Machinery.,
Ray Drug
l
10
Finch Oil
10%
1114
10 Va
100
8%
3%
•
*>3% 4zva
2YB'
Apr
>",41%
37
25
12,300
41%
13%
37
9%
Jun
45%
Apr
4
37
'11
debs.
,2%
——
Texas'Power
&
Light 7%
pfd
Tllo
Shovel
Tishman
4.*...
1914
»>,6%
•
*.4,400
■
w7%.'
uv
16 %
1,400
A
2%
5
Realty & Construction
2%
•14%
__1
:
•
*
3 %.
'
.
14
*-100
••
3
%
Tobacco
Product
-.1956
A-0
Exports™,
Toledo Edison
%%
60%
tr
Z
^
*•
Trans Lux Corp—„ *Ai.
%
Chatillon
..
100.
...1
—
•1%
1%
1,100
200
Corp..
...1
3%
33%
1
—
.1
Manufacturing Co....
of
'
common.
participating pfd.
Cigar-Whelan Stores
United
;•
U
Foil
S
class
Co
M
5s
Graphite
35
,
Jan
6%
6%
; 6%
12%
200
,
11'
■
.7
jy
Mar
Jun
f.'t
River
—
El
&
96 ;
r'
%t
,
v
v
10
1,100
.
,
>
%
X61
'
Jan
96
Vb Mar '
'
10%
tut
23
Apr
Class
43
825
114
'
'in
'
*
2 Vb
.
250
23%
2%
2%
L
May
7
2% May
300
Apr
3
50%
300
6%
6%
400
28%
100
27% Mar
43
1
%
53%
w',? 200
7
II
&
Pr
N
7s
&
A
Pr
....
•
41
-1
1
Water Service
Finland
Residential
6s-5s
Jan
Petroleum
..1
4%
V
4%
4%
stamped
101
3%
3%
Waitt
& Bond
PloRB
class
TJ
A
t
5%s——1954
16
Knitting Mills
Wellington Oil Co
Wentworth
West
Texas
West
Va
Si
Coke
1
...
....
1961
...
k
33a
Jun
M-S
446
Maryland Ry 7%
Western Tablet &
Stationery
com
Oil-O-Matic
Products
Wilson-Jones
62
A———1969
5s
10
Co
J-D
$58%
Glen
Alden
Coal
Great
4s
West
Power
Nor
ser
J-D
83
1
&
M-S
91%
Houston Lt
Jan
Hygrade Food 6s
1% Mar
series
6s
1950
F-A
see
page
942.
—1948
$96
3%s
Power
Lt
Pwr &
1st
"
41
81%
923A
53
90
108% 108 3/,
98 Va
96
$75
81%
$41%
43
16%
17
12
111
2
J-D
111
A-O
86%
A-O
1949
—1967
6s
Apr
%
Jan
Apr
17%
&
ref
Feb
Apr
4%
Jan
90 Va
Jan
83/4
f
S
Sep
deb
A.—
$85%
series
5s
:
:
102
67
81%
39
86%
47
14%
19
109% 111
1
83
87
83%
88
Indiana
Hydro-Elec
Service
C
J-D
98
M-S
92
A-O
102%
86
.1958
M-N
80%
.1952
A-O
112%'
.1970
M-N
3%
Jun
5%
Jan
5
Mar
6
Jan
Apr
81
Mar
Feb
*
A
Feb
"
8% July
V4 May
%
13%
A 7s
A 7s
.1955
1
1941
coup).
E
(Aug
102%
series
16
90
18
88% 100
102% 102%
80
%
3
104%
100
103%
80%
8
71%
81%
18
81'A
112% 112%
10
79
80
$107
118
81
81%
118
105 % 1073/4
coupon).—
F—
' 10 3A
J-D
$9
83A
8 3A
F-A
$9%
11%
.1955
6
11
5
.1957
}-J
.1952
10
5%
11%
5
.1957
1941
93% 105 V4
98
92
Sec—
C
(Dec
series
A7s
.
Power
series
A6%s
-
Jan
May
A6%s
.
107% 110%
98% 106%
11
,
97 Va
J-J
F-A
100
92
•
.1963
;—
5s
10
17"
100
.1950
5s
5s—
& ref
lien
109% 109%
102% 102%
J-D
May 1957
Indiana
1st
A-0
1953 y
1954
1956
ser
5%s___
10%
5%
11%
5
11
Feb
Jan
Jun
2% .Jan
".2
Mar
3% May
2%
95
4
Jan
Jan
V4 Aug
A
7s
(July 1941 coupon)
Interstate
Power
Debenture
Iowa
Altalian
&
™.
5s_™—
6s_:
Power
.1952
1957
—.
J-J
1958
6s_
1963
Superpower
...
''
J-J
.1952
4%s——
Light
M-S
/
J-J
75%
383A
■
.
*
1
—
--
.
373/4
109
$10
76
53
39 %
109
.
;
13%
—
Gas
.1942
.1965
M-S
15% Aug
22Va Aug
Kansas Electric Power
.1966
J-D
Kansas Gas & Electric 6s__+_.
.2022
M-S
$1213A 123
12
Kansas Power & Light
3%s—
.1969
J-J
$1113A 1123A
Lake Superior Dist Pow 3%s_
.1966
A-0
$106 3/4 108%
.1957
J-D
1948
F-A
1947
M-S
13
Mar
■
31%
1
(stamped).
Jersey Cent Pow & Lt 3 Vis-
Mar
V 65
42
78 V*
39%
107% 109%
:
6%
12%
3% Aug
72
Jan
Mar
5%
Jan
3%s—
J-D
45%
106 Vb
45%
106 Vb 106
$108
.16
46
3%
38
8
105
107%
106
108
112
54
120% 125
—
110
112 3A
Feb
73/4 Mar
Louisiana
1
2%
Jan
McCord Radiator. &
8%
83/4
50
Jaft
7%
7%
100
6s
stamped™
Mengel Co conv
Aug
8% Jun
6%
Jan
123/4
8%
Apr
94
Mar
104
3
Jun
4
Jan
4
Feb
5
July
Pow
&
Lt
5s
3%
Apr
1% Mar
43A
—
109% 109 Va
105% 106 3A
~7
107% 109%
Mfg—
4%s
$86
88 Va
$100
100%
80
98 %
89
100%
Mar
Metropolitan
4s
series
Edison
4s
E
G
Middle States Petrol 6Vis
100
_j•«'
86'
n
85 VB
1
15
$108% 112
M-N
1966
Jan
100
1%
77""
■
45
J-D
A——Jan 1949 [
ser
1%
1%
'if.
_i.
1.
J-J
1945
5s
92%
J-D
—_—1958
B__
6%
300
1
-
•
87%
& Pwr 3%s
53% July
5% Sep
4%"'
94% 103%
41
87%
1963
6s
Investors
600
4%
893A
'100 '
90
92%
41
J-J
3%—
West
5%
5s
•
'83
M-S
———1950
stpd
Pow
5%
10
'
;
743/8-:
-
1941
A
4s
5s
Green Mountain
A Jan
Ltd—
American
footnotes
8%
793A
7
Va 102%
—1965
4%s
(Adolf)
1%
10
deposit receipts
Wright Hargreaves Ltd..
For
5%
1043/4
Jan
5% July
pfd_-100
Woodley Petroleum
(F W)
50
•
1
92%
102
A
16% May
15
47
102% 1053A
103
89%
92%
A-O
...
6%s
12
15
Heating™
Inc..
88%
J-J
1956
A Jacksonville
•
25
'
41V2 Aug
61% May
1
Wisconsin Power & Light 7%
Wolverine Portland Cement
Woolworth
700
300
„io
Wichita River Oil Corp
Williams (R C) & Co
Willson
4%
20
Inc
Weyenberg Shoe Mfg___
Williams
•
1st pfd__100
Westmoreland Coal
Westmoreland
4Vs
96% 102%
'.-:
.
:■
Apr
Jan
1%
33
".41.
Rayon 6s A———1948
Georgia Power & Light 5s
—1978
May
3%
Apr
86
3
11
101%
1953
Jan
1% Mar
1
92%
104 Vb 105%
Sep
Vb May
5
'
123%
"
1
101
86%
68%
•3
•'
89 Va
33,is
Serv
Util
Jan
9
_•
80 Vb
122
A-O
l\>wer
Pub
Public
%
100
1.25
34
Gatineau
£ 8%
1
manufacturing
Utility $6 preferred.:
Coal
69
100 3A 102%
3
Jan
5
Western Air Lines Inc
Western
,f6
93%
60
29
Jan
6
Minlng"coIIIII™I__~"I"Il
Walker
125%
69%
254
,
.
104% 104 Va
M-N
.AGeneral
•
Wayne
83
90
10334 104'A
Gen
79
*
82'A
85%
105% 105%
%
3%
-
3
1053A
5 % May
%
200
101 y4
101-
103%
Ilnternational
•
1
4l22Vil26
W
Co
1
158
Mtge Bank—
AIndianapolis Gas 5s A
Indianapolis P Si L 3%s—...
Aircraft
120
84 Va
'67%
J-D
General
7% Mar
Wagner Baking voting trust ctfs ext.—*
7%
preferred..
100
125
J-J
gAGobel
13
1,900
99 Va 103%
Jan
413/4 Aug
Virginia Publio Service 7% pfd—™100
Vogt Manufacturing™
•
.
1173A 122
Florida Power Co 4s ser C™—*—.1966
Florida. Pow & Lt 5s—1954
Apr
33 % Mar
25
96%
96%
108 Vb 110
M-S
Grand Trunk
3*2
Va
62
64
100% 1043/4
1043/4 107%
88%
1% Aug
300
16%
16
83%
U07'A 108%
83
1st
nnlf
16%
:
23
67%
M-S
A___™_1956
1st & ref 5%s series B
5
72
72
773/4
813/4
M-S
Idaho
preferred.........
76%
84%
69%- 83%
: 9
Va 104%
$121
F-A
111
common
80%. 81
87
693A
.
8
tl09% 111
M-S
3
100
100
-74%
96-
.
74%
84
^Empire District El 5s—_———1952
'a July
20
1% Mar
—
59%
102 Va
2
78
74%
'
J-D
5s_„____z2030
gAGuardian
la
r
5s———1956
&
Jun
41
v
—
RR
&
ser
14
1
'
..
—
.—1955
Jan
10c
40
J102 Vb 102 Va
—:
F-A
3%s—
10
__1
J-D
J-D
J-J
-.1958
Co
stock.
9%
,
100%
993A 104%
U21
*.—1944
Products
common
;
..
5s
Universal
Products
•
Light
Jan
41
■
-98
•v
1
-78-%-.
-
77 V*
M-N
A-O
Grocery Store Products....*.^
•
16.-
55%
'
94
^
——1954
^
5s
Power
Jan
2%
4
•
3
(Bait City)—
Guantanamo
Light $7 preferred
16 v
6'%
85
4 77%
■
104
1976
Feb
2% ,.1,100
.11%
104'A
85
77 VrV
1969
Jan
2%
•
1971
...
26
2%
85
.77%
M-8
1951
(Bait)— '
29
__5
M-S
5%s™__.™1952
Mar
1
53%'
105%
4
,%'4% Jan
iV Ap«
;„™i™.
•
86%
101
1
102% 102 Va
76%
Water Lt
%
:
::..
2
100
1104
76%
Packing
Electric
Elmira
Jan
30:
Feb
7
6%
,
A-O
M-N
L
&
Tobacco
1%
6%
54%
■'
5%-
104
79
J5%.,. 6%
-
."
J-D
P
ref mtge 3s ser P
ref mtge 2%s ser Q
Apr
1
12 3/4
2,200
85 Va
.
100
80%:
i
Eastern Gas & Fuel 4s
•A.7% ?Aug
:
Apr
:
"l% >~1%
♦
'
1'
•
■Vb
*
99'/a 102%
101,
Jun
A July
Aug
1% May
;...
:
10
:
■
M-S
series
Cuban
Jan
8%
.May
ii
20
F-A
5%
''
100
..1969
5s__.
14% July
Waco
*,
115%
100% 103%
103
105 V4 105 Va
A-O*
25
Venezuelan
-
151% 155%
,A~
v
"'"4% .Apr
28%
20
153
103 >4 103 Va
'■
J-D
1
convertible
112
' : 103
..
A-O
1966
Jan
8
$4
114
1
10134 10134.
™™.w-_™.}-—1950
common.*
Valspar Corp
105
112% 115
>
'•
—1958
Pictures
priority
11
3
85
J-J
1955
5s_
Continental Gas & El
-
633/a July
% iJan
20
.
M-S
..1953
Universal
Radio
108%
105% 107%
100
J152
—
J- J
1954
5%s__
Insurance—
$5.50
106
■u.
114%
101%
J-D
....—...—1949
Jan
4
6?4 Jan
50
Q-F
5s.™_J'__.1948
Universal
Utah
12%
65
55%
^
453/4 Aug
,
2
voting trust ctfs
Utility Equities
7%
..
115% 115%
M-N
5s
Consolidated Gas
Mar
A
Jun
3%
—50c
A
1
Utah Power &
490*
5s__.
Lt
1st
Jan
50% Mar
•'
50o
preferred.....
Sugar...
12»K
"4
I
El Lt
1st
Jun
38
70
■
.
"■
"
B
Utah-Idaho
7%
Sep
85
V l%july
244
Aug
1
..1
Paper..™.™
Universal Corp
12 Vi
•'
<
•
1105% 106%
107% 107%
;
Service
3 VaS
'
Jan
25 Va
May
72% Mar
61%
43
,_1
common™
Cooler class
12%
7%
7,
16
114
33/4S__„„™1964
Elec
&
Consol Gas
Sep
A July
Va Mar
z.,'
Reclaiming.*—
Wall
11%
7%
3
63
107%
'Ss-i-l—
Gas
Connecticut
Jan
._5
United Stores common
United
•7%
'■
40
,
i H07 V4 108 Va
'
J-J
Community P & L 5s___-_l__—„_1957
Jan
si
"--^l
,
■
X60
Radiator
Universal
61%
/*
"
.1998
»f' 5%s
Jan
1263/4
-83 *%
__
Cities
Feb
Apr
deb
Debenture
."
Feb
Jan'
:.
'• 2,900
-
/o
% Mar
U S
convertible
14
47
32'
11%-, 11%'•
J-D
f
B
Service
Conv
% July
9%
3la
.
2
63%
$7
11%
M-S
1
Power
Debenture
Jun
97%
,
1
*
1st
' 1034
zio%.*"ii-%
J-D
6s
Northern
series
Cities
i
Feb
■
573/4
^ jan
450
1,000
6s
1
Jan
15
Jan
7,000
i
1#
7
™
..
:
—
25
—.
.»■' r.l '' '
47%
-10%-10%
62%
M-S
§ A Chicago Rys' Ss ctfs__.
J
1927
Cincinnati St Ry 5%s A_-,™_™o.l952
Apr
,
■
10
Securities
Rubber
38
Jan
2V8
'7%
:
,
V* May
1/64 Jun
1,300
;;% >
%
7%
.' Feb
:
5% Jun
200
%
%
50%
S
itf-N
________1960
...
1A5Vis.U.—'-r
Jan
■*_> ■
18%..'H 18% -19%
*
U
88
*^...1957
B
f A Central'- States
Jan
25c
common
U S Stores common—
42 34
*.1950
Steel
Central 111
Jan
5
—
common
•'
107Vi
__™1947
Edison' 23/4S
Canada
13/4- Feb
3
*
,".'v.
Lines Inc preferred..——.
10
Plywood $1.50 conv preferred—20
S
105
Works—
C
^
»
Cudahy
1st preferred with' warrants
$5
?
......
^
M-N
Jun
96
%
™
U S
U
F-A
4
6s
series
series
Broad
Jan
Apr
,
—™—__25
and International
U S
21
Jun
3%
113% 114%
™r
•*
;
;——i
B
105%
10%
10%
j..1977
...
warrants
Locomotive
Federal
S
104 Va 107%
124% 130 >
"16%
A-0
Power f5s_-.™_1953
,
2%
.
%
113%
United Specialties common
U
•
10%
M-S
43/4
/.
4% July.
7
•
.-4
JH-S
__z.l954
300
™*;
A—
^
5
.
42
J-J
F.)—
Gen mtge 4%s_
Machinery
Preferred
:
r.79%
105
42%
M-S
200
%
_•
Sharing.
'.105%:
J-D
7%
,
Aug
57%
•
preferred
Shoe
C
F-A
____1970
2%
RR & Canal Co——100
Profit
10 %
.
1948
Boston
4%
dep rets ord regis™..
United
'
'
/oA
.
86% 106%
..6
105% 106
ziU950
Birmingham Electric 4%s._™™1968
Feb
12%
1
B
v
3% Aug
—•
United Milk Products
Amer
.4%
2
6%
;—
preferred..
United N J
83% j84 .4.
Telephone Of Canada—
-
-t
%' Jan
Mar
1m,
•
$3 participating preferred
United Molasses Co Ltd—
•-
136
-
'
l3/e July
4%
United Gas &; Elec Co 7% pfd——_100
United Light & Power common A
...*
1st
,
97%
f 126(4 127
J.J
5%
Jun
29
200
200
.10c
United Gas Corp common
1st $7 pxeferred non-voting...
$6
; 1%
;„*•
United Corp warrants
United Elastic Corp...
t
without
5s
Jun
2%
•
&
class
(B.
Central States P
2%
Union Investment common.....*.'..™*
United Aircraft Products
1
Common
%
.,
Jun
3
Canada
warrants
,
.*..1968
5y2S__...
Sons
&
1st
u
10
Union
Vb
4%
"4%
Unexcelled
Option
Bell
Jan
».
% Mar
7%
400
1
—.
Udylite Corp
United
—
•
500
33,.;
33
*''
cum
deb
Convertible
^Jan
Jan
Apr
3%
A....
United Chemicals
■
,84
-.19*9
„z™.—
Debenture 5s'
Baldwin
111
3% May
!•
I
Gas
95,.
Apr
43/4
,
434
■1
Tung-Sol Lamp Works
80c convertible < preferred
$3
■*..»%
»
103
x
Mar
-
300
"434
-10
1
Class
4%a
5s
4% Aug
•••
Mar
.102% 109»
Co—
4%s
deb
Bethlehem
Inc
Tubize
150
95
...1
warrants
Trunks
61
"
1953
Elec
Assoc T St T deb 5%s A™1
_™_1955
(Atlanta Gas Light 4VaS™...:
'..1955
Atlantic City Elec 3V4S
7l1964
Jan
'
-•
101% 106%
'
'
Transwestern Oil Coaa.
TrirContinental
59
85
.100
95%
,3%' Apr
i
4%, Aug
58% Aug
.100
preferred
&
deb
<uAConv
.
Vx' Jan
»
Tonopah Mining of Nevada—..
'i
'•'»
"*
.l%."preferred_>/__;_,_.___j.i!,
t.
4%s
Gas
"" ACohv deb 5s
A
Feb
49:
2% Aug
Security Trust Co Ltd
dep rets ord regis.*..
Todd Shipyards Corp..
Amer
1
2
..
104
vi
Elec
AConv
Feb
5%
1
JrJ.:
96%
J-J
Avery
Tobacco
:
-»
M-S
-*1961.
3% Mar
,
Apr
—2016
J ~D
■
;
Jan
15%
,
•
Feb
40%
-
Tobacco & Allied Stocks..
.
Aug
>•
6s
—2024
8%-Apr
,
Jun
106% 106%
High
102
'
Jan
100
,2% Mar-
50
,v
193/4
Jun
Low
5
105%.105%
-.1970
3% Mar
-
67/tf Juiyr-.
..,.200
143/b.:..'
314
.
U
Jun
106%
105%.
Arkansas, Pr & :Lt. 5s—
8% July
2%, Jan
400
;
86
2
;
common!.—.:.—A
Co.
Roofing Inc.
2%
19 >4
: ■
100
Texon Oil & Land Co.A
Thew
-7
.
deb
A Conv
',2%
19%
•
J-J
J-J
Pow deb 6s
§Associated
Taggart Corp common
1
Tampa Electric Co coramon.i.._i—>
January 1
No,
103% 103%
-*J970
*
& Lt
Associated
Technicolor Inc common:u.:.aj_i.».*
J-J
Range Since
Sold
High
—1960
Appalacliian
Feb
7% Jan
—1950
*
Bonds
Sale Price Bid & Asked
■
Sep
Feb
7
Period
Amerv Writing Paper 63..*
Appalachian Elec Pow" 3%3™
Feb
26
10%
———
debs.......
Amer Pow
Jan
39%
f
s
•.*.33/43 ,s. f
Jan
"•-2%
-r*
Interest
Jan
Sep
300
37
3%s
Jan
*12
May
150
Friday Week's Range
Last
or
Friday's 1
,
Exchange
Sept. 11
American Gas & Electric Co.—
2 3/4S s i debs
Jan
~T %
"
,
Curb
Ended
Low
3/8 AUg
Apr
9%
-Hl5
Corp.,
Jun
.200
11%,
.
Week
Jan
634
-
SXiriray'. OilA-*——A'i-A.ia„L-™/ -j&fct5%% convertible preferred
...50
Swan
Vt
1
Superior Oil Co (Calif) ii——
Superior Port Cement clqsa B com
1
-
14 Mar
—
Co
New- York
High
Apr
2
Stinnes
—5
(Hugo) Corp_,_'_„.
a,
Stroock (8) Coi_'__——l___;—.
xt
Range Since January 1
High
3A
%
1
Inc
Stetson
Low
BONDS
i-for Week
-1
of Prices
Par
Sterling
Sales,
Jun
2% Jan
Midland
Valley RR 5s
Milwaukee Gas Light 4 Vis
—.1971
—1965
-1945
109 Vb 109 VB
M-N
M-N
no
J-J
106
109 s4
110
107
110%
$99
110'A
100%
—1943
A-O
60
60
60
1967
M-S
106
106
106
98% 101
553A
64%
102 Va 106%
EXCHANGE
NEW YORK CURB
Sept.
Last
Interest
Period
Exchange
Curb
Ended
Week
Week's Range
Friday
BONDS
York
New
11
or
4%s__———_1978
1955
Minnesota P & L
1st
ref
&
5s___
A
7 F-A
F-A
J-D
M-S
National Public Service 5s ctfs__1978
Nebraska
,
14
2
100% 104%
1
94
16
99 %
*9%
9%
93 Vi
A-O
1948
—1947
J-3
M-S
49%
48 Vi
50 Vi
46
1948
J-D
50
48
50
19
1950
M-N
49 Vi
48
50
3%s_
1961
England Power Assn 5s_—___1948
M-N
__
A-O
73
71%
73
60
65%
85
77%
76
77%,
38
67%
deb
Conv
5s
England
New
New
Power
—._^_1954
Debenture 5%s
"New Orleans
N
N
Y
series
Nov 1949
A
Elec & Gas 3%s
Y State
"
Cont'l
,;i;
W-*
*108 %
105
J-J
*115
A-O
55
—
F-A
108
108
Power
1st
mtge
3Vis
3s
1st
Public
Ohio
mtge
A-O
F-A
A-O
*105% 107%
—
Aug 1955
1948
F-A
1955
F-A
101
Pacific
&
Power
Light
5s—
—1964
1st mtge 3s
Park Lexington
J-J
M-N
Lt & Pwr 41/2S—1977
Penn Central
28
20
,
M-N
104% 104%
2
104% 105%
Pennsylvania Water & Power 3%s_1964
3 Vis
——1970
108
3
105% 108
Philadelphia Elec Power 5Vis
1972
Philadelphia Rapid Transit 6s—_1962
F-A
1979
5s
J-3
—
Portland
& Coke
Gas
Edison
5s
J-J
1950
F
series
vi':'/, 6
111
:
■
2
.
No
value,
par
sale,
A Bonds
116%
*111112%
*102%
__
*79
M-S
x
—
Y
—
109 %
of Indiana
Service
Public
* 100
■■■.'•■
of
Puget
1st
1st
ref
&
&
5s
106'
105Vi 105Vi
4
15
"wi,"
;
J-D
-_1949
M-N
-1950
C
series
J-D
102%
:
—
100%
132
Y
"M,"
San
1979
Joaquin Lt & Pwr 6s B
Real
ASchulte
Estate
-_1951 1
6s
Scullin Steel inc mtge 3s—
Shawinigan Water & Pwr 4 Vis
1st
4Vis
Sheridan
series
M-S
80 Vi
on
D
Counties
Southern
1st
Gas
2
108
5
'
129
8____.
v
of representative stocks and bonds
Dow, Jones & Co.:
Total
15
roads
ties
11.57
10
>
35.71
4
77
86
11.52
35.99
106.20
92.29
52.65
109.43
90.14
107,26
26.67
11.56
35.89
106.19
92.29
52.88
109.41
90.19
106.38
26.62
11.51
35.66
106.16
92.26
52.80
109.47
90.17
11.39
35.52
106.05
92.29
52.63
109.49
Holiday
_
,
;
106.03
September ll_i__.
Y
..
'
,
:::
•
-
Holiday
'
26.51
87;/: ;
99%
10
99% 102%
105 y4105%
102:
*103Va 110
104 Vi 104 %
102
102%
8
103% 106'A
100
103
Transactions at the No# York Curb Exchange
102% 104%
1'5 "
•" J-3
F-A
}ioi'A ioi%
54
533/4
54
Daily, Weekly and Yearly |||
98% 102
..
■
■>
4
50%
•;
Stocks
60v;
*1053/4 106'A
F-A
Wee A; Ended Sept.
Y 103% 106%
97
94Vi
97
19
1989
M-N
56
54
56
19
A-O
A-O
58%
57%
59
103
58 y2
57 Vi
59
12
F-A
88
•
42%
11,1942
Bonds (Par
o1
Shares)
106
56
Electric—
&
Gas
(stamped)Conv 6s stamped
Debenture
gold
Standard
Dec 1
&
58 y8
57 y2
593/4
50
49
77
58 %
58 V4
59
22
49%
58%
57%
59 Y
84
49
76%
F-A
58%
57
59
39
50
6s
A-O
17%
(Hugo)
7-4s
7-4s
——1946
3d
stamped
Certificates of
•
•;
•
17%
'17%
5:
'
■
'
'
14
*14
-1946
«_•_
*13
Total.
Service
Texas Power & Light
♦'V
6s
series
5s
-
$232,000
426.000
$1,000
2,000
.
5,000
10%
.-I960
5s
16
of shares—
—
*
Bonds "
Domestic
—
'
—640,000
•
917,000
-
J-J
A
105%
105% 105%
107
107
J-J
7
*109% 110'/2
;
105
14
107%
107
108%
107
118
—
1,000
•
$33,000
$2,837,000
$1,000
Jan.ltoSept.il
1941
1942
1941
804,980
274,410
622,000
______
18,780,107
11,917,810
;V,'"'
Y;
———
—
—
Foreign government
v.-
M-N
1956
2022
-;Y
1942
15
15
621,000
$2,803,000
—
.
$4,720,000 $114,258,500 $175,228,000
115,000
2,881,000
3,856,000
$2,803,000
33,000
<
45,000
1,000
Foreign corporate-.
Electric
Texas
•-
WeekEndedSept.il
18
J-J
7
t
274,410
Stocks—No.
A-0
deposit
%
■
tTotal
-
7,000
912,000
60,955
Friday
Corp—
2d
81,000
25
AStarrett Corp inc 5s
Stinnes
.
,638,000
76%
1966
—.1957
Light
v.
76%
F-A
1957
-
debentures-.—
Power
Thursday-
418,000
55,050
Wednesday.
76%
J-D
1951
6s-
6s
76%
49
1950
6s
Debenture
49
Y
■.
,
•
Holiday
52,920
Tuesday
.
6s
Value)
■
Foreign
Corporate
$18,000
$214,000
24,485
Saturday—
Foreign
Government
Domestic
Monday
Standard
90.11
99%
47
M-S
(A G) deb 5s
Spalding
90.07
26.73
•
86
37
99%
—2022
6s
109.40
52.53
26.51
55%
99%
'
—May 1948
May 1948
L
&
P
40
Bonds
ties
Rails
92.09
106.28
Total
10
Utili¬
Grade
Rails"/
trials
Stocks
Second
First
Grade
Indus¬
65
10
.10
-
'
Southwestern
trust certificates;
voting
107.62
,
September 10__:__.
130
53
80 y*
"vtc,"
stock;
106.68
-
_
69
non-voting
Utili¬
7
September
112%
97
y
-_1970
;
"cons," consolidated; "cum," cumulative;
(Number
Southwestern Gas & Elec 3 Vis
Machine class
—Bonds—
trials
September
Y
97%
A-0
Rys 4s—-——1951
Under-the-rule sale.
"xw," without warrants.
Indus¬
September
82
993/8
M-S
1971
Indiana
n
during current week.
Stocks
20
(Calif)—
mtge 3s___
Southern
sale,
^
,
"n-v,"
Rail¬
Date-
k'vi V
75
983/4
J -J
* ? J-3
3%s_—1970
Gas
California
v
with warrants;
30
A-0
6s1947
South Carolina
Power 5s_,—-—1957
Southern California Edison 3s
1965
Southern
80
15%
e Odd-lot
d Ex-interest,
.
,
■
103%
A-0
A-O
1951
1967
—_1970
Coal
Wyoming
*50
1%
13
—
the New York Stock Exchange as compiled by
102%
y."
;,;.Y5
*129 y2 131
J-D
1
•
96% 100 %
19
100 y4100%
llO'/i 1111/*
J-D
1952
4 Vis
13
included in year's range, Easy Washing
the daily closing averages
are
September
Water
1%
15
IVi
150
98
8
102% 103
80%
A-O
16%
1%
1
,
$16
certificates of deposit;
mortgage;
"w w,"
issued;
Below
98
("k'
Queens Borough Gas & Electric—
5Vis series A
:
-—1952.
s
Safe Harbor
.
above—"cod,"
convertible;
when
listed
37 Y
102 %102 y2
:
10%
1%
asked prices; no sales being transacted
; ;// Y'/ YY.YY.-H.Y Y-Y 1
139 Vi 139 Vi
v
20%
16%
Stock and Bond Averages
105% 108%
__
28%
15
„
£.1%/;
1%
J-J
y Cash sale not
receivership.
104% 106%
108 % 108%
M-N
18
21
being traded fiat.
108%
107 Vi 108
108 %
4Vis series D——__1950
ref
1ft
107 Vi
M-S
1,
'
79%
New Jersey—
.
17
104%
71%
80
J-D
J-D
perpetual certificates
Sound P & L 5Vis
6%
28
112%
1964
-1949
3 Vis
Sinking fund deb 4s
25%
*16
;
used
"conv,"
107% 111%
,
4s——1969
1st mtge
28
.'13%
—.
*29%
-
J-J,?-:
;•
Deferred delivery sale,
a
Ex-dividend,
Public Service Co of Colorado—
Public Service
13
25%
—
*20
-"
J-D
1919
-1.1921
;
1949
§ Reported in
96%
87%
-
*110-110%
M-N
.
J-J
17%
9%
104% 106
:■£
95
95
—
A-O
———1961
Potrero Sugar 7s stpd
—1947
Power Corp
(Can) 4Vis B
—1959
4 Vis
114% 114%
*104% 105%
M-N
—-1956
M-S
1959
6'/2s
Abbreviations
E
Y,
,
106% 108
107%
$107
:.114%
M-S
*26%
'*16%
—1
* Friday's bid and
Co—
extended
stamped
5s
Potomac
108
"l
28
A-0
3-D
3-D
13
0
13%
28
1958
—
7s
:i
1
>
'
12%
*26%
M-N
1931
1972
6s
—
17
12%
3-D
B, June 26 at 2%.
104%
100
15
3-D
1st
Cash
♦
97% 101%
3
:jY.
r
104
101
12
23
*16%
„
105% 108%
2
<Y 101% 103
103
' Y"
101%
22%
•/
„
f
Santiago
10%
10%
107% 110
:•
101% 101 %
*3
«
M-S
;'i
6y2s___—
—
A
22
*106% 107 %
3%s B—
Water 5s
Power &
33
102% 106
Y
109% 109 %
109%
'V'v
Oklahoma Nat Gas
Oklahoma
20%
______
Government
A5%s
108%
106
9
108 Vb 108%
108%
33%
■'■■/ M-N
—
7s
(State)
Janeiro
de
ARussian
108%
107
1
107% 107%
107%
A-O
—1962,
4s_—
Service
M-N
1945
1968
1971
35
*27
1947
1927_
ARio
13
25
108%
106
7
108 %
9%
14
61
50
55
'
Ohio
of
AParana
1969
Ogden Gas 1st 5s
1927—
Mortgage Bank of Denmark 5s
101% 105
*101% 102%
J-J
41
34%
—1951
of May
Oct
i;
1958
*,•
stamped
Alssue
Northern Ind Public Service—
1st 3%s series A
7s
7s
AMortgage Bank of Chile
1947
1948
44
25
$28
J-J
6%s stamped_1958
Alssue
114% 115
3%s
5%s
25
2
.
F-A
1952
6'/as stamped
(Peru)
City
AMedellin
108 Va
J-J
1954
Utility
10
4P%
40
M-N
1955
1953
-—
Mortgage Bank of Bogota 7s__
111%
109
'
•
High
*12%
-
ALima
AMaranho
*110% 111
.
Low
Port & Waterways—
Danzig
101% 105%
3
'
M-N
5s
AExternal
104% 104%
39%
1
January
NO.
J-D
108%
106
__2004
5s
North Boston Ltg Prop
Nor
•
Extended
63
43
84
Range Since
Sold
High
40
•
Bonds
Bid & Asked
i
•
A-0
J-J
1948
5'As—
Danish
62%
42
;•''
*107% 108%
J-D
—.1964
Westchester Ltg 4s
&
Debenture
J-D
1123/4 114
42
62%
1113 Vi 118
Service—
Public
6s
Alncome
.
Period
..
.
87%
5s
Last
Sale Price
of)
Mortgage Bank
Valley 7s—
(see
ACauca
96%
84
42
943/4
11
Sept.
Agricultural Mortgage Bank (Col)— '/ '
A20-year
7s—
__April 1946
A 20-year
7s
*
Jah 1947
Bogota
5s
"
Interest
Y~
Low
16
„1956
Elec
Amsterdam Gas 5s—
New Eng Gas & El Assn 5s
Week's Range
or Friday's
Friday
j
Exchange
124%
113
tinVb 113 v
Curb
Ended
Week
106% 111
107
York
New
100%
98
14
107
Vi
:
110% 112%
New
Nevada-California
,
BONDS
105% 108
1
99
99
Foreign Governments & Municipalities
High
1003/4 1043/4
111 3/4 1113/4
.
2022
A__
series
6s
4%s-._-----1981
Power
High
107 Vi 107 Vi
iii3/4
M-N
1945
.Nassau & Suffolk Ltg 5s„—
Low
No.
103'A 103 %
107 Vi
J-J
^Mississippi River Pow 1st 5s__»._.._1951
Range Since
January 1
Sold
104'/8 104 V4
<104
J-D
J-D
Mississippi P & L 5s_~—.^.._..___1957
Bonds
Friday's
Sale Price Bid 3s Asked
Low
•j
Monday, September 14, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
942
1,915,000
,550,000
107%
Total
$2,837,000
—
$4,880,000 $117,689,500 $180,999,000
,
c=r:
'
Tide
Water
Toledo
Twin
5s
Power
Edison
3Vis
Electric
United
Light
1st lien
&
N
J
cons
5 Vis
1
(Delaware)
5%8_1952
(Maine)
A-O
79%
86% 101
7
A.-
106
108%
823/4
58
111%
111% 111%
1
111% 114%
106
106
3
103% 106
69'%
,.1952
A
6s
series
;
F-A
96%
97%
14
82%
A-O
F-A
2022
—
M-N
117%
117
117%
13
95
91
7
A 5s
income
83%
1954
Wash Water Power 3Vis
West Penn Electric
West
Penn
stamped extended to
4%
4%
47
4
*108% 109
A-O
i960
3%
109 Vi 1093%
j-D
2030
5s
Western Newspaper Union—
6s unstamped extended to 1959
6s
J-D
1964
5s
Traction
m-S
1951
—
j-D
—
$101% 102%
115
115
<
••
I
108% 109%
107
»
—
f_a
—1937
J-D
J-D
10,187,400
11,429,300
14,073,000
9,927,300
1,627,833
$49,487,200
'
• w
■■ ■
^
l—_.
■
Bond
$4,005,000
a,
300,000
6,000
10,493,400
278,000
17,800
11,725,100
309,000
356,000
3,100
2,000
14,385,100
10,285,300
$1,376,000
$30,700
$50,893,900
m
108%
Week Ended
99% 108%
1
$1,800
1942
107% 117
1,627,833
of shares—
Sept. 11
1941
Jan. 1 to
1942
Sept. 11
1941
3,466,880
70,333,985
98,030,465
$579,000
$5,667,600
87,698,500
1,384,683,900
$14,651,000
110,918,000
1,358,896,000
$33,769,000 $1,478,050,000
$1,484,465,000
Bonds
82%
F-A
*.—1947
*
Total
*65
85
2
69
85
68
—
56
67
'
XJ.
S.
75
74
75
5
74
74
16
71%
78%
1,376,000
&
3,001,000
49,487,200
industrial
30,189,000
78
71
$30,700
Government
Foreign
Railroad
!A7«Hk
9° 5s stPd-~
ABtamped 5s
-
—
•••»-'
Stocks—No.
1959__—HI
361,980
344,993
376,460
—
—
—
Friday
4%
$3',870,200
399,130
$133,000
total
Sales
Bonds
Holiday
Tuesday
Wednesday—
2%
Bonds
Monday
99
Government
Foreign
Bonds
: 145,270
J—
Saturday
92% 100
;
Railroad
and Miscel.
Shares
<
Thursday
debs
Ry & Elec 4s
11,1942
115% 117%
6
90
United Statei
Stocks,
ftumber of
,
Week Ended Sept.
95
91
Daily, Weekly and Yearly
•
Waldorf-Astoria Hotel—
Wash
Exchange
Transactions at the New York Stock
82% 100%
V
1944
A
96%
106
—
Utah Power & Light Co—
1st lien & gen 4 Vis
Debenture
82%
j-D
1949
93%
*1083/8 109y2
J-D
.——1959
United Light & Railways
series
J-J
5Vis—_1952
4s—
*92 Vi
& Power Co—
United Lt & Rys
6$
F-A
—z—1968
City Rapid Transit
United
1979
1
Total
—
—
$50,893,900
-MM
iiijipnirjiii'
Volurne 156;
Number 4107
THE COMMERCIAL & FINANCIAL CHRONICLE
Friday
Baltimore Stock
Exchange
Friday
Week's
Bliss
Sales
Last
■
Baltimore
1st
Transit
preferred
Consol Gas
4
% V-
Co
Shares
Low
■
vtc—0
Electric
Light &
preferred B
58c
Range Since January 1
High
56c
Pat J
i
common
5
5%
Low
.-122
5%
30c
1,962
Laughlin common.
Warner Corp common-*
High
;
Jun
96c
3.50 July
5%
Bruce Co.
;
Burd
Piston
Butler
Jan
Jan
L.)
common,
preferred
conv
112 %
100
112 % 112%
10
107
115
Jan
Campbell
120
Jun
Central
Illinois
Central
&
Mar
Wyant
Foundry
116 Ve
———20
-
Houston Oil preferred
,i——,1..-—100
Mount Vernon Woodbury Mills pfd—100
116 Va
22 'A'
5
22V4
108
200:
Mar
19%
,.,26
76'/2
76%
11
72
203/a
20%
70
July
77
Apr
July
16% Mar
Feb
&
Cannon
capital
South
Preferred
West
Amsterdam
Seaboard
5Vo
Casualty
:.2
__
series
ex-warr——50
Fidelity & Guar
25%
25%
26%
—
27
2
'
■'■'5s
Transit Co
\
27
20
A—
10
300
2%
370
4%
Aug
Sep
3%
5
6V»
Feb
50
19%
Jan
21 Va
July
21%
15 Va
52
52
*
25
July
30
May
28 V4 Aug
52
.5.52%
•
$4,600
57
Chicago Yellow Cab capital
42
Jan
May
May
preferred
60
—*-1975
62
24,300
50
Jun
65
Chrysler Corp
Co.
90
Consolidated Biscuit
Consolidated
Exchange
V t
,
c
Oil
both inclusive,
11
22%
60
21%
Apr
Sep
Week's V
Last
.
STOCKS—
20
71
May
Va
28 Va
Range
50
28
Apr
33
Feb
150
47
May
61
July
10
96
July
110
98%
98%
"
11
59%
59%
18Va
18%
11
•J.-V.VLow
Par
61%
2 Va
6%
Dayton Rubber Manufacturing
Tel__*
100
119%
■
.*
High
:
~
V
Low
High
•;
Decker
(Alf)""&
3,148
101%
Preferred
134% Jan
Apr
Cohn
common.
&
Boston
Edison
Boston
Elevated Ry.______—
Boston
Albany RR—_
V''21
100
Herald-Traveler
Boston
Maine
&
V'
__*
8%
class B 1st pfd
stamped
77<
cless C
stamped—-I-100
1st pfd
Boston Personal
A;
75V4
Jun
91
4
12'A
9%
13'A
15%
150
1
10%
10%
100
-2'A
19%
Apr
24%
60%
,/ 503
42 Vt
Jan
61
Aug
12%
13%
100
6%
1%
10%
6%
215
1%
■
1%
— *
v
10% Mar
14 Va
Eddy Paper Corp (The)—
Elgin National Watch Co_„__
Hecla
Eastern Gas
4 Va %
?
;
—4
& Fuel
25
1%
•
,,10%
5%
8%
''
' //
2 V2
Jan
lVe
Jun
Apr
2%
11%
Gardner
•«..*
'
prior preferred.!—______100
67r
1st
5'V
preferred
Eastern
SS
Liries
Gillette Safety
Helvetia
Isle
Oil
Royal
Finance
Preferred
v
Co
-15
1%'
90
Jun
7
Jan
4 Va
Feb
5%
Co———Ai-l
75
41
Jan
2%
32
Jan
36 %
Sep
22%
50
19
Apr
24%
Jan
8 Va
5
8
Jun
8Va
22
Corp
(Del)
60
3%
25
1%
81%
Jan
9%
2%
1,905
270
' i;. 4%
4% Mar'
102
;
3%
Motors
Corp
6c
%
25
1%
5 %
preferred
29%
37'A
Jan
13%
50
13 %
15%
1%
Feb
1 '/2
2%
common..
2
9
Inland
Jun
200
120
24%
Apr
40%
37
38'/a
1,100
29%
Jan
39% July
Tunnel &
.
.
•
■'•■
i
2%
Steel
Co
International
Apr
2V4
"
New York,
TelJ—*—L__ii00
North
83%
New Haven & Haft RR—100
Butte
Mining-
'
Joy
29%
Apr
Katz Drug
14%
Feb
Kellogg Switchboard
40
x83V<
1
>
'
A
86
26c;V.>:?60 #> 29c*. 1.
—L—100"
Colony RR—
' ;f
Mills
Pacific
Jan
4%
Jan
V"V
22c
RR
50
21%
15%
21%
;
:
30c
■
■
22
i
70c
;
140
21% May
27'/a Mar
30
Jan
25
32
10%
50
125
7
8%
50
32
Sep
10% Aug
Apr
5% May
8
Jan
221/2
200
18 Va
Jun
25
Mar
11 Va
151
10%
Apr
"16%
Feb
74
Jan
60%
7%
..
■
60 Va
8
54%
Apr
47 Va
199
40%
Apr
51%
Feb
7
7%
5% May
7%
Sep
■
8%
'
*
i.-
3 Va
6'/a
'
1,200
8'A
3 Va
;•
'l
1
6'A
7%
'
Aug
350
3 Va
Aug
150
6 Va
Jun
75
J
*
6 Va
30%
■
__
31
27
9Va
Feb
4
Feb
8
•
Feb
Mar
40 %
% Aug
3% Mar
70
%
~4%
4%
64c
%
-
100
%
Feb
5 V*
Jan
Jan
4%
1,700
.
&
us
&
450
12
12%
250
i78 Mar
9Va' Feb
12%
Sep
13%
Lion Oil Refining Co capital.-.—.
Liquid Carbonic common—*——
Jan
Jan
Jun
Sep
46
46
.
1017/a
Jan
14
103
11% May
15%
Jan
8%
1'2% Jan
:
12'/a
%
•
Jan
Feb
Field
common
9 Va
50c
Jan
Mickelberry's Food Products
10
14%
Jan
18
Jan
Middle
1, 017
16%
Jun
24 %
9
9%
'550
3%
3%
300
2%
3
600
2% Apr
2% July
4 %
Jan
5 Va
"Zi
5%
1,000
3 % Mar
5%
Sep
Apr
Jan
i 1
70c
July
Extension Univ common—.
Salle
-
West
Midland
Quincy Mining Co—;__25
16
Common
f ■. ■
Apr»
Sept
12c
Jan
7
Libby McNeill & Libby common-.1.*.
Lincoln Printing—
- .'•/■';
.
v
10%
Feb
5
j
Sep
300
9Va
11
1
—
common......
May
A
500
100
30c
15%-
15%
Pennsylvania
common:.
La
80
V* Aug
20
7'A Mar
22
;•
—
Feb
45
.
4%
Aug
Marshall
Old
Co
4
Jan
14%
10'/«
♦
1
common
18
•'
•
504
%
11'A
■
Aug
2 % July
"
100
24%
*
common..
4
.
100
\
■
3% Mar
200
32
'
10 Va
«■
12
'. ' ,100
5
%
__
^**____*-*_.2,5Q
4%
2Vt
"
100
'
9%
.100
(W B) Co capital
Manufacturing Co
Jan'
2%
20
Va
Jan
14%
24%
i
*
capital—
Feb'
.
'
6% AUg
Apr
,"9%
.
14%
i,
common..-25
B
Harvester
2%
2Vt
-
,
New England Tel &
19%
:
common—
common
13
40
4
-
A)
class
28
4%
vyt
—
Mines——a—■_*,_*
■
4
Jan
Jan
(Geo
Independent Pneumatic Tool vtc.
Indianapolis Pwr & Lt common
4% Aug
1%
Co
Illinois Central RR
July
10c
&
Houdaille-Hershey
Va Sep
Jan /
Spencer Bartlett
Hormel
Feb
6 Va
32%
*
common.—.
6
13
250
\
:6Va
32%
4Va
Hibbard
(H W)
5
2%
13
__
1%
May
l'A May
■
Kentucky Utilities ji cumul pfd— Ilio
100
:—100
Jan
Apr
37
■»
Feb
Co
13%
13%
Narragansett Racing ASsn, Irtc.-_._-—1 f
National
.
"28
28
Loew's
2%
22
28% May
■
Great Lakes Dr & Dock common....__*
25
Jun
100
450
-
Jan
50
"i%
-io
common
Gossard
Jan,
8c
2%
19
31% '
■
Jan
Sep
4% July
20% May
80c
2%'
Jun
22
*
Feb
91%
Jan'
8c
70c
V
Jan
75c
■
common———5
Maine Central RR common.——
200
Jan
16%
-u.
.
50%
'
25%
•
4
cumulative preferred
50
Boston Theatres-———,—-25
6?ir
120
22
„io
■
Foods -common
General
Jarvis
Corp
18
13%
—l\i
common
Feb
31%
'
Lamson
1%
50
20
»
32%
Apr
18% May' '
-
100
8%
25
4%
185
-
91%
90
25%
,—15
Sep
Feb
Jan
1%
3%
Razor Co.———*
Jan
10%
18
'V
*
,
common
Goodyear Tire & Rubber
20%
9%
_______
5Vs
25
45
Ry common,l_l00
Association—-—*
16%
6%
'A
18
.
common-
Copper
188
20
adjustment-,i-1—_100
Group
4%
41%
20%
preferred series A———100
Employers
6
4%
'/41
preferred —,——100
Jan
36%
.•
...
common.
Denver
General
Feb
AUg
V
•
Jan
Jan
12%
36%
/
Gillette Safety Razor common
.
13%
14
Apr
9% May
13 Vi Mar
Jan
Apr
8V2
13
Jan
1 %
-
212 A
10%
6
•
4%
*
Associates—
Eastern Mass Street
<
5
Range
11% July
10%
50
Jan
General
Copper
125
1H)
V
22%
—\
*
Fairbanks Morse
__
*
14% Aug
'
>
Calumet &
6% Aug
Jan
Jan
x58%
2
V»
IV* Mar
8'/a
.100
Feb
655
6%
100
Prop Trust.*™'
247
■
100
*—
85
21%
13 Vt
:■/*.
prior preferred—
84
21%
%
59
RR—
7%
'i
85
__100
Jan
4% May
12 '/a
••
Boston
Jan
520
9%
*10
i.„——._j
3 Va
23%
400
12%
.
119% 122
63% July
Apr
% May
11%
com__
Jan
Jun
Jun
600
13
Jan
11%
2 Va
6%
11
Jan
17%
>
2,700
._20
Range Since January 1
45
1,200
1%
Jan
l'A
6%
13
8%
468
2%
19
l'A
*
:
% May
400
'
.2%
Shares
Feb
58%
11
-50
for Week
Jan
58
»
Corp
preferred part shares—.
Feb
28%
1
...
A
2,350
5
common
Apr
Jan
70
13
28%
..30
of Prices
Sale Price
Apr
100
_10
Sales
'
Aug
Mar
43
85
Is
common——_25
compiled from official sales lists
Friday
Jan
1
15 Va
Apr
As
,_25
Sept. 5 .to Sept.
Jan
41%
1,800
Consumers Co—
Bcsion Stock
&
12 Va
120
Va
*
common-
Edison
13
82
*
——
common
Cities Service
Tel
Jan
•;
4s___—***_-1975 i*.' V—'
26
52%
Chicago Towel—
Mar
Commonwealth
American
Jan
21%
85
preferred
Convertible
15
Va
"560
-1
21 Va
887
'
series
100
3%
14%
pfd.
corn-
common.
Convertible
Bonds
Baltimore
12%
21%
—
Chicago Corp
A
19%
May
20% Aug
Commercial—
preferred
260
4%
Chicago Flexible Shaft •common—..5
U S
25%
i
Prior lien preferred.—
New
11
' r
$6
Util
Jan
150
12%
*
Serv
6%
12
4%
30
—
Pub
High
3% May
x3Va
1
w_^_—_10
cumulative
400
25%
5
—
Low
4 V,
12
5
;
Range Since January 1
High
4%
—5
common—
Ring
Brothers
5%
,
(E.
Low
Shares
Power—
„
fidelity & Deposit
of Prices
1
&
Borg
for Week
of Prices
'c_——1-—100
t
v
Range
Sale Price
STOCKS
Berghoff Brewing corp
Sales
for Week
Range
Sale Price
Par
5 to Sept. 31 both inclusive, compiled from official sales lists
Scj>t.
Week's
Last
STOCKS—
290
60c
1% July
Mar;
Corp
United
com..;
"2%
5%
capital—:
„5
pfd
conv
Midland Utilities—
:
3%
Feb
-
6%
Reece
Button
Reece
Folding Machine.,—-i.i
Hole
Machinery
8V«
10
-
8V«
814
1V4
—*
l'A
1 Vt
'100
-
8Va July
100
I Va
10
1%
May
prior lien—. .100
8%
8%
50
6% Ju1v
14
77c
Jan
prior lien
8%
8%
50
6% July
14
Jan
%
%
200
% May
1
Jan
Miller
Shawm ut
Stone
Association
&
9V4
Webster Inc—
*
.___
;
9Vt
9Vt
60
6%
Apr
4»/»
.
4%
4%
410
3 Va
Apr
10
5%
Jan
,
Jan
&
Hart, Inc., com vtc—
$1 prior preferred.——
Modine
Manufactufing
Montgomery
Torrington
(The)——
Co
,*■
26%
26%
26%
305
•
22
28
Apr
Twist
Drill-
_S
—
•
31%
32%
110
28
May
55 Va
54%
55 Va
333
49
Jun
62
60
62
444
50% Mar
'
United
Fruit
United Shoe
Co
r
Machinery Corp__^_____25
V
V
-
:
—100
88'■
v-*
—_♦
——
92%
61
88
•'
;
200
U
-\l
common
20%
*
Gas
1
6%
5%
400
20%
50
31%
x30
common.—___1
National Standard
105
Jan
6%
*
'
:
Noblitt-Sparks Industries capital—5
North American Car common—"—.20
Jan
436
7%
100
6% Aug
J an
22
20% May
23% Apr
Apr
31%
common
Bancorp,
——__10
7%
Sep
May
7
9%
Jah
Jan
25
50
21V*
Apr
27%
20 Va
200
15%
Apr
23%
6%
6%
50
•10%
10%
100
10%
Jun
11%
12%
'common.——**
25
19%
6%
13
400
10
Jan
3% May
Jan
6% Apr
Feb
Jan
Pen
Co
common.—*_10
Pennsylvania Gas
Pennsylvania
RR
%
%
100
Va
Jan
14% Aug
4% Jan
•21%-.
21%
21%
420
18%
Jun
24
•39 Va
39 Va
39%
140
36
Apr
47
Jan
!
23%
60
21
Jan
24 %
Jun
__
;
•
& Elec class A com.*
capital
—50
:*.i
Peoples Gas Light & Coke capital—100
mortgage 4%% ser A—19*70
Easter Massachusetts Street Ry—
4%s series A-i——
——1948
37%
37%
$1,000
102% 102%
5,000
29 %
Jun
42%
Jun
104 %
Perfect
Feb
Jan
Circle
Poor & Co
101
(The) -Co
class
*—l.'_
B
_*
23
*
Pressed Steel Gar common—
Feb
■;
3%
Jun
4 Va
Jun
8 V*
Jun
3%
25
6%
6%
41
64%
64%
64%
20
56
Apr
10
140
Jun
,
Quaker Gats CO common—*-!.
Preferred
Last
STOCKS—
Sale Price
Schwitzer
sales
Cummins
Roebuck
Sears
lists
*
common
45%
Adams Oil &; Gas Co common—"
Chalmers
American
&
Asbestos
common
Manufacturing Co
Automatic
Aviation
Co
Washer
Corp
—
Range Since January 1
High
Low
45%'
37 Va May
High
*
49%
Jan
Standard
2%
4%
10'/8
Jan
12%
Feb
Stewart
22%
Apr
30 Vs
Jan
Sundstrand
A
75
100
119% 121%
Apr
4%
Jun
70
May
83
Feb
1,085
102%
Apr
133%
Warner
Jan
Ac
SWITt
International
2%
975
2%
Sep
4
%
%
100
%
Sep'
Co
1% Jan
%
560
Vt
Sep
3 Ve
950
2%
Jun
200
13 Vt
Feb
%
comfnon__j
10
5
15
12%
15
.
:
J 7
*
55%
,
Corp
Co
Carbide
%
Jan
Union
15%
12%
12%
32%
34%
•
4Va
Jan
U
15% July
U
S
-50
1,150
S
11% May
14
Feb
7%
28 %
39% Jan
Utah
May
Air
Ac
Co
Lines
cumulative
300
1% Aug
2%
Jan
7'
100
6%
Feb
8 Va
Jan
43% May
57 Va
.1%
;
:
5
2
201
4%
200
IOVb
50
10%
Jun
13 Va
Apr
23%
23%
56 Vt
4%
"'4%
24
100
23'A
Jun
33 Va
Apr
2%
•
_1%
1%
23%
•
23%
5
6%
5
14%
6%
.
2%
60
1%
400
25
6%
557
187
300
4
May
2% Apr
1% Mar
20
Apr
5
Jan
Feb
4'A
Jan
Jan
Mar
7
12% May
Jan
20%
14%
20%
21
25
Jan
25%
25%
25%
480
19% Mar
25%
Sep
Feb
1,128
Sep
36 Va
143
30%
Apr
39
7'A
7%
100
7'A
Sep
10
Feb
*
67%
68%
196
58 Va
Apr
74%
20
capital
*,
common*
'
Jan
capital
preferred.
Products
14%
20%
.
35%
common
Transp
f
Aug
19
5,
15
•
25
Carbon
:
Jan
2
27
—„25
common
;
Feb
25
common..,
Radio
common
capital™,
capital-*
(The)
Gypsum
Steel
common—
Tool
iv
Jan
lOVa
1
capital
Texas
United
*
Corp
Machine
Jan
2%
%
—
Oil
23%
3
1%
7
common.!,—___*
Dredging common.*
—1
of Indiana capital.
25
Standard
11%
75
capitalcommon*
1454
70
156 %
•
1
South Bend Lathe Works capital—
Spiegel, Inc., common
•
Swift
75
119%
common—,.——,—3
Bastian-Blecsing Co common
Mfg Co common
Co
Strap
Trane
(Delaware).
Aviation
Shares
4%
common—1
Belden
Bendix
5
Ac
capital.
class B
Steel
11%
*
Co_____
Public Service preferred—100
Tel & Tel Co capital100
American
Armour
Mfg
145
for Week
of Prices
45%
Signode
X23%
Allied Laboratories common.-—
Allis
Sales
Range
Low
Par
Abbott Laboratories
Week's
145
_L_r—100
Serrick Corp.
Friday
,
Raytheon Manufacturing common..50c:
Chicago Stock Exchange
Sept. 6 to Sept. II both inclusive, cbmpiled from official
*•
.
Feb
5%
3%
-J)
I
^
"
v
,
.
;
Income
v
*
Feb
BONDS
Boston & Maine RR—
10
common,—
Co
35% Mar
62% July
Sep
%
.
72 Va
Patker
Watren Bros
At
Ward
Cylinder
Northwest
Vermont & Mass Ry Co_
Jan
Jan
National
Union
.100
Apr
51%
52%
74
20
41
7%
May
Apr
5
13%
14
,♦
45%
47 Va
566
108% 109%
187
107%
Jun
200
l'A
Jan
45%
.—100
1
"l%
1%
1%
44% May
..
54% July
14
Sep
55%
Jan
119 V8
Jan
lVa July
1
n
For
footnotes
se
page
948.
I
THE COMMERCIAL &
944
Monday, September 14, 1942
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
Low
18
18 %
165
16%
1614
1614
80
28%
28%
71Va
71%
89
Wayne Pump Co capital————
.100
Western Union Tel common
89
50
Westinghouse Elec & Mfg common.
Low
High
15% May
18% Aug
High
18 '/a
_•
common—:
Range Since January 1
Shares
of Prices
Par
Co
for Week
Range
Last
Walgreen
Sales
Week's
Friday
Sale Price
STOCKS-
11%
Jan
16%
23 Va
Jan
28%
Sep
64
Watling, Lerchen & Co.
Sep
27
Jan
.
63 Va
Apr
81 Va
-40
89
Jun
91% Mar
1,000
1
Aug
Members
York Stock
New
Williams
.*
*
Industries common..——.—2
(Wm Jr) Co capital
—•
Woodall
Wrigley
fenith
prior pfd
Inc.,
Wieboldt Stores,
Oil-O-Matic
Corp
Radio
53%
*
Mining-—z
Copper
Curtiss-Wright
110
4%
760
Co
Electric
Oil Co
(The)
7%
881
7%
■
26%
5%
Apr
5%
Jun
7%
26
17% May
Detroit Slock
Jan
Exchange
Jan
Jan
Sept. 5 to Sept. 11 both inclusive, compiled from official sales lists
6Va Aug
285
314
Jan
245
6%
Jun
10
15%
100
11%
Apr
16% July
25
25%
326
20% July
■
100
9
3 Va
3%
7'4
200
2%
3'/a
170
38%
301
31
1
4-:-
4ya
63
3
—10
Yellow Truck & Coach class B„
1
19%
19%
10
3
19
Paper,
Consolidated
&
Detroit
20 Va Aug
13%
6c
6c
500
4c
Aug
10c
11%
11%
11%
150
11%
Aug
14
3%
3%
3%
3%
4
15%
15%
16
75c
75c
75c
—10
common.
Cleveland
Detroit
Aug
—1
Brewing common
City
Apr
13% Mar
High
Low
Edison
Nav
common
common —10
—20
Jan
Detroit
Iron
Gray
—5
—
common
Stove
Detroit-Michigan
'
..1
Continental Motors common
Jan
5%
10 Va
common—'
Auto
Jan
42 Va
Low
Par
Jan
5
Apr
Apr
Va Aug
Range Since January 1
Shares
Jan
3% July
Jan
13 y2 May
38 %
3814
Feb
10 ya
for Week
Range
of Prices
Sale Price
STOCKS—
Sales
Week's
Friday
Jan
26%
Apr
2%
285
13%
•
S. Rubber Co
Jan
28%
6%
13%
Standard Oil of New Jersey capital—25
U.
9
5%
914
8%
Standard Brands common
Corp common.......
Jun
Jan
67
15%
25
•
•
Studebaker
Randolph 5530
Last
of America common
Republic Steel Corp common
Radio Corp
May
6
•
common..
Jan
8%
~8%
•
—
Apr
21%
40
26-%
——1
common
m
75
20%
3%
285
5%
20%
26%
—_—
capital—
Pullman Inc
50
53%
common—
Paramount Pictures
130
Telephone:
Jan
53%
DETROIT
Building
45 % Aug
44 •
common
Ford
Jan
28%
27%
26
42%
1
Nash-Kelvinator Corp
———5
New York Central RR capital
•
L)
(Glenn
4%
22 % May
427
4%
25%
7%
Jan
14% July
8% Mar
Chicago Stock Exchange
Jan
62 Va
Apr
488
4%
1
—
—
Interlake Iron Corp
Pure
14%
25%
*
50
American Radiator & St San com
Anaconda
,
79
14%
Atchison Topeka & Santa Fe com—100
Bethlehem Steel Corp common
,•
General
40
53%
New York Curb Associate
Exchange
Detroit Stock Exchange
Feb
4
2*4 July
350
3
2%
2%
Stocks—
Unlisted
Martin
1%
1%
common-—,
common—
-
2% May
375
■-;,:v
1,805
1,773 ;
15
300
3%
;
Sept
4%
Aug
Apr
18%
Jan
'
57c
1
May
1% Mar
100
Jun
Mar
-
Jan
78c
2%
2%
2%
1
common..
High
Jan
2% July
;
y
Week's
Last
Range
for Week
of Prices
Shares
Sale Price
STOCKS—
Low
Par
American
Laundry Machinery— —20
American
Prod
20%
——
—
Eagle-Picher
——,—
Invest
Found
—
61
f
3%
3%
500
~7
Wurlitzer
/
Rolling Mill
;
Motors
Va
Jan
14%
131
'
506
27
49
■v.,,: 16
25
y
25
Jan
22%
29%
Apr
23%
52
Walker &
common
2 V4 May
4
Co
May
85
Jan
90
9% May
12
Mar
100
1
July
10% Aug
1% Jan
40%
9%
45
10-
10
1
:*
229
30
Jan
215
3
Aug
Cleveland
Cliffs
Cliffs Iron
Corp
35%
5
32% May
,-f'
Week's
Chemical
Eaton
of Prices
Low
Goodrich, B. F., preferred
Hanna, M.
Harbauer
Interlake
Shares
High
_i—:
Low
58%
135
55
July
10%
10%
265
10
Jun
112%
8%
112% 112%
21
55
50
44
45
-
a20 % a 20%
19%
McKee,
A.
Medusa
Jan
19%
19%
4%
4%
;■
38
Jan
Aug
•
Cement—.—
Monarch
Machine
National
Acme
National
Refining
Tool.—J——
...*
:.".i
—
__1
_•
neW—...
preferred
6%
31
*
„
I
al87/a
9% :
115
Aircraft Co—
—...
31
11%
Jan
15
98 Va
Jun
3%
Apr
100
•
53
Mar
Intercoast
Lincoln
19% Sep
103%. Feb
5
Richman
Bros.
Lockheed
,
30
Aug
40'
Jan
Thompson
*
—....
Products
Inc
17
May
19%
Jan
1
a
18%
9%
9
Feb
12
Jan
'
"
5. \K
100
'
Los
28%
Aug
32
Mar
100
13% July
19
Feb
16';
16
15
16'
100
15%
15%
15%
2-
2%
16
700
Sep
27
Apr
90
;
—
44%
45
Petroleum
Aircraft
2%
Jan
136
36
Jun
1%
100
1
Feb
—
1%
Sep
'
.6%
6%
-50
6
May
9%
'
Y
..
•'/.
22%
22%
110
a23 %
15
a23
8%
—
.
common„
10
8%
•
21% July
common
S
Steel
For
Apr
2%
Jan
Jan
1%
1%
1,100
1%
Jan
1%
3%
100
2%
Jan
3% Aug
both inclusive, compiled from official sales lists
Last
-
■
for Week
Range
of Priees ;
Shares
V,
Range Since January 1
Low
High
1.35 July
2.20
Sep
200
2.20 May
2.70
Feb
2%
2%
High
2,800
1% 2.15
2%
-1
2
Skies
Week's
.
VLow
1.95
a 1.40
1.40
45
1 %
7
401
5%
2
Apr
a
a
13%
100
1
13%
10
13%
13%
100
a61% a61%
6%
6%
600
a5%
5%
13% July
15% Aug
,8
10
50
6%
Jan
Jan
9% May
100
9
9
10
Jan
8%
May
7
46%
Jun
12%
Jan
62
Apr
July
4% May
6%
4%
6% July
Aug
Sep
10c
June
20c
360
317/a
Feb
39% July
270
11%
Jan
19%
4c
Feb
12c
18c
Mar
20c
20c
37%
37%
19%
19%
12c
12c
3,300
21c
2,773
20c
21c
10c
Co
Corp—
a
——l
18%
18%
a
7
—10
•:
1,000
18%
1
1
1.05
----——1
Feb
Sep
378
1.20
2,450
35c
Jan
23
15% May
83
7%
July
Jan
6
.
Apr
7%
95c
Sep
1.90
Jan
Apr
19%
Jan
Jan
Sep
Pacific
Shell
38
100
33% May
38 Va
27
27
157
22%
30Va Jan
1.30
1.30
Apr
units of benef int.
100
1.15
Jun
1.80
Jan
7%
200
6%
Apr
8%
Jan
,3%3%
320
3
May
5%
Feb
27% ; 27%
41
Jan
27%
Sep
a
13%- 13%
127
10% May
14%
Jan
lc
lc
1,000
lc
Jan
lc
Jan
a
16%
16%
20
14.
Jun
1%
Aeronautical Co,————-—I
Union Oil
16
27
Republic Petroleum Co coipmon———1.
Richfield Oil Corp common......
0
Ryan
125
38
& Electric
18%
al8%
gl8%
common—25
Indemnity Co—
——10
Lighting Corp com
—•
Pacific Gas
1%
500
17%
17%
989
7%
~3 %
■
.
27%
—
Corp..—-.——'—15
46 % Aug
29%
Jan
-
24 %
Sierra Trading
Corp..'
Solar
lc
—25c
———*
Aircraft Co—
1%
24
Jun
2%
Apr
20%
Jan
17%
Co Ltd__25
15
Feb
Jan
11
•
Jan
28% Aug
!.
13%
13%
200
19%
preferred B
5%% preferred C—
26%
23%
23%
23%
8%
8%
8%
195
Sep
25
—*
13%
384
24% Mar
26%
524
23
al3%
al3%
13%
190
10%
Jun
14% Aug
22%
22%
23 %
764
18%
Apr
23% Aug
100
1%
Apr
1
2
common
*
•
footnotes
se
page
948.
13%
13%
13%
80
*
common
2
27
Feb
Aug
l7/s
Feb
10%
Apr
50
...*
Sep
28 %
26%
25
5
13%
28%
—25
6%
Mar
26%
•
11
26%
i
Republic Steel common
U
Feb
1%
—
106
al2% al2%
19%
—
common
Rayon
Central RR
1
3%
'
Taylor Milling Corp—
a8%
—
4%
N
Jun
Apr
Jan
Firestone Tire & Rubber common—10
Electric
■
3%
•
Mfg Co
Security Co
1% May
1 %
•
.50
—....
Addressograph-Multigraph
Industrial
400
10
Petroleum Corp
Unlisted—
General
2
Jan
97c
*
Iron Works—
White Motor
65c
—*
Rubber Co
Southern California Edison
Van Dorn
210
1
—.
Angeles Investment Co..
Pacific
-
125
23
—
71c
27
Apr
' *
20
15
-
■
71c
mm-
Aug
29/29
"
*
Mar
*
Corp common.
Motors
Goodyear Tire &
125
17%
974 :
•
....i._.
....
56c
—4
Signal Oil & Gas Co,
Corp
19%
100
5
—:
Products Corp
Exeter Oil Co common A
Apr
29.
Nestle LeMur "A"—
Packer
...
Electrical
1
463
100
100
110
u_
G., "B!'——
Portland
Prior
*
358
90c
—
31
....
23%
90c
14% Jan
...100
/J— ——i—_«
Kelly Island Lime & Tr—
...
Corp
Consolidated Oil Corp
10% Aug
74% Mar
17%'.'V 17%
Jones <fc Laughlin—
Jan
-
50c
—
Chrysler
High
246
.45
...
2%
40
io%
A., $5 cumul preferred—*1
Co.—™
Steamship
Jan
23%
Range Since January 1
58%
Machine
Jan
2
Sale Price
Inc.
Accessories
Menasco
Jaeger
1%
Angeles Stock Exchange
Diamond Corp
Cessna
17%
—
,
Aug
615
—4
Central Investment Corp
10%
Goodyear Tire & Rubber———
Mar
60c
..
Par
for Week
a31% a31%
———
Jan
16c
300
2%
Department Store—.—
*
Byron Jackson Co—
———*
io y8
Manufacturing
Electric Controller
Jan
23c
7,900
Broadway
17%
——100
preferred
Jan
17c
2
1
STOCKS—
General
Dow
1%
75c
2%
1
common
60c
15c
Friday
Sales
Range
3
—•
5
preferred
Jun
23%
•
Exchange
10%
common—
Feb
1
1,400
2 Va
:
*
Sept. 5 to Sept. 11
3% July
43% Jan
3
f3
Par
....
45c
100
1%
1V2 Aug
72c
15c
39% July
<4
38
32 Va
Sale Price
...
Feb
Feb
both inclusive, compiled from official sales lists
:■
.
Jan
9
Last
'
Feb
1
,
May
Friday
,
65c
90c
Wayne Screw Prod common
Blue
Brewing Corp of America—
100
46c
1%
...
"B"
Bandini Petroleum Co
City Ice & Fuel.
Jan
Jan
30
Cleveland Slock
STOCKS—
_
common
Aircraft
Warner
Aircraft
■
Jan
30c
1,500
Jan
20
35*4
Sept. 5 to Sept. 11
Feb
Feb
Feb
50
1
Timken Roller Bearing——
Jan
17%
13
May
Jan
Apr
42 Ya
11
Brewing,
Tivoli
Mar
20
10
.
1%
46c
*
Mar
90
*
3y#
2%
Sep
Aug
60c
200
65c
common
Los
32%
63c
1
Parke, Davis, common
—
Peninsular Mtl Prod common
Jun
9
34%
9%
*
„—_1.
13%
—1
•
Apr
3%
10-
10
.———
,
Brands
Standard
13%
Sep
99c
300
63c
3
1% July
100
1%
1%
1%
1
Oil,
.
—
39% July
64c
Packard Motor Car common—_—
Jan
90
90
V i//
—1——25
■
*
Gas
General
;
-
8%
48
Feb
5%
...
Feb
34 y2
-10
—...
Jan
0
Apr.
3%
-50
preferred—.
30 V8
1
common..
common
Sugar
Michigan
Jan
3%
Sep
17
16
>'
20
*
City Ice & Fuel...
Columbia
16
26%
....
Unlisted—
American
40
48
48%
...
—
77
•:7%
6% May
8
-
163
13%
1
com.
Feb
Jan
35
21
-
20
27 Va
U. S. Printing
8
Drug,
McClanahan
Jan
Aug
<
'1%
11
35
21
—
U, S. Printing
86
6% May
52
7 la
J-7
35
16
Gamble
59
148
62
Kinsel
'
—10
37
63c
common... —10
Masco Screw Products common
Jan
Jan
5%
100
Participating preferred (J—-i—- —100
Lunkenheimer
,
Apr
Aug
68
288
6%; v
8
&
3*4 Mar
103
8
-
Hatfield prior preferred—.—.—. —12
Procter
3%
Jan
6% :•
—_
——
L
-
71%
7%
7%
,.100
preferred—:—
Art
Gibson
Jun
89
228
—*
———
——
1%
2
19
Products
Kingston
Sep
2%
70%
37
1
:—
& Manufacturing
Lock
Hurd
Sep
2%
2%
—50
,
Crosley Corp
Dow Drug
2
% Mar
2%
'
2%
Cincinnati Street———.1.. —50
Telephone
% Mar
2%
1—5
Cincinnati Gas & Electric pld— ..100
Cincinnati
50
50
2
2%
'M,
Crank—"—
Ball
22
2%
—
Cincinnati
37;-
^
High
Jan
140
20%
2
*
Churngold
LOW
0
——
10%
1%
common
& Bearing
Hoover Ball
Range Since January 1
7
prior preferred
Participating preferred
Apr
3
Sales
High
20
10%
8%
1
Goebcl Brewing
—
Graham-Paige common
Friday
Jan
100
^.10
General Motors, common—
lists
11 both inclusive, compiled from official sales
Sept. 5 to Sept.
w
10%
3
common——— —5
Federal Mogul
Cincinnati Stock Exchange
150
10%
—.5
Eureka Vacuum common
45%
45 %
46%
56
8%
13%
Sep
Sep
4%
12%
12%
9% Aug
17
Feb
Union
Oil
Universal
of California—
Consolidated Oil.
—25
—10
.
_.
6%
87/a
4%
13
6%
'
30
9% July
-
1,725
4
Jan
4 %
July
1,115
10
Apr
13%
Jan
186
6
Apr
7
Jan
Volume 156
Number 4107
THE COMMERCIAL & FINANCIAL CHRONICLE
945
OTHER STOCK EXCHANCES
Friday
Week's
Last
STOCKS—
of Prices
Par
Unlisted
American
Low
Shares
Range Since January 1
High
Low
Radiator & Stand
Anaconda
Sanit
Co__
Co
a 4%
all9%
100
Copper Mining Co,.—
&
*
,.50
(111
Bethlehem
Steel
Corp
103
Apr
24
May
28 %
Jan
2%
2%
200
Sep
3%
Jan
43%
43 %
130
al7%
17%
25
3%
85
__
—
a3
.—.5
29
Jan
14% May
2%
53%
30
55
25%
40
22%
a33%
34%
60
705
43% Aug
18% Mar
.Y
Jun
53%
4%
60%
Feb
.
July
Jan
V'
Tractor
*
Co—_—.....
—
:
New York Stock Exchange
St. Louis Stock Exchange
Commonwealth
Continental
*
Southern Corp.
Co (Del)—_.— Ills
Corp.. ..._1
<fe
Oil
Curtiss-Wright
General
Electric
General
Foods
—
—
a
,
10
33
Jun
%
545
a26%
a26%
26%
114
22%
Apr
28%
Jan
a32%
Corp.............
Goodrich (B F) Co.!
47
7%
a32 %
32%
40
24%
Apr
28%
Jun
...
a20%, 20%
—
International
Nickel
Co
of
Canada—.*
International
Tel
Tel..
'
'
V
*
&
■
27
27
10
23
Apr
6
Jun
13% Mar
July
9
Jan
,/'y
:
100
24%
Apr
150
2 %
Jan
27%
,
Copper
Corp...
Last
Jun
a30%
30%
60
26% May
.
34%
Pennsylvania
RR
——*
a42%
—*
a
29%
42%
20
29%
29%
/ 25
a
37%
40%
Apr
25% Mar
——1
...
1
a
...50
—
15%
15%
100
21%
30
3%
.*21%
100
"!
.14% Mar
Radio Corporation of America————*
Steel
Seaboard Oil
Sears,
Corp——————
Standard
&
Oil
Co
Texas Corp
!
Inc
13%
a
13%
(New Jersey)..
a
Columbia
I
25
a38%
a4
Feb
;
3% July
Jun/
;
(The)
29
42
,r.r-I
16
16
100
a
320
38%
95
31 %
f9H
v
14
R
12%
July
St
28%
United
Air
United
Aircraft Corp
./
61
•'.//
4% July
Louis
Bank
Bldg! equip
152
20%
35%
100
31
•
68%
71
13%
13%
70
8% Mar
27%
100
27% July
46
214
45% May •"
4%
62% Mar
U S Steel Corp
.5
*
;
Westinghouse Electric & Mfg..
a
..
'
46
46
50
a70%
70%
Sep
Mar
Feb
Sterling Aluminum
Jan
Wagner
Electric
Bonds—
36% July
20
64%
A
34%
70% July
55%
Jan
71%
-
y-.
13%
/■
,
Range
t
"
.
\
Aug
May
'
American Stores
American
Tel
Budd
(E G)
Budd
Wheel
&
I/y
Low
Par
I—
•'1.
Tel
......—.100
119%
*i
12%
Feb
14% May
9%
Jan
14
108
4%
Feb
96%
20
93 3/4
July
6 %
100
5
Feb
6%
Sep
15
21
Jun
24%
Feb
82
Jan
90
Aug
32%
Jan
52
Sep
23
89 %•
89%
52.
52
'
.
$500
100
2%
•-
Range Since January 1
Low
Imp.
IM
•»
Diesel
Last
,_50c
.
■.
.
Packing
Range Since January 1,'
700
7
7%
6 '/a
1.35
6%
200
6%
5%
Jan
12%
Feb
101%
Apr
134%
Jan
Carson
Hill
130
2% May
3%
,
,
—50
52
,
Feb
Co
Co
'
;
/
Chrysler
Corp
8%
Jan
Jun
/ ..7%
Feb
52
45
50
May
52
Sep
25 %
,
25%
16
21% Mar
26
Aug
8c
'
4 •■/
♦
common-
Mining
Sep
Apr
52
—
capital- —.1
Mining
Tractor
Eureka
2.10
■
..
preferred
8c
100
5c
Jan
41%
Jan
2.00
Jan
34%
440
30
65c
65c
■,
,.
—5
common
10c
Apr
34%
'
^
common__l
65c
275
60c
Aug
Jan
Jan
7%
/'
5% Sep
.
Gold
Caterpillar
High
July
640
6%
'
lists
Low
1.00
'
,'
....5
Shares
High
1.90
2
;
.
sales
for Week
Range
Low
California Water Service preferred —25
High
9%
6/
61
61
126
45 3/i
17%
17%
150
16% Aug
Electric Storage
Battery..
Consolidated
59
61 %
82
%
85
rV
..14%
—...«
14%.
44%
1
10
Jan
%
-
12 %
63% July
% Jan
Feb
,
Jun
31
31%
380
28% Apr
*
18%
.
Creameries
Jan
I
,33 %
Feb
General
Motors...!...——^.10 :I/:37
Hardart
37
38%
(N
29%
!'
Jan
Lehigh Valley RR
Y)
common..,—*
22%
—50
I 2%
—
National Power &
Light—
23
65
1%
1
voting trust ctfs
Pennsylvania RR__.___—.50
Pennsylvania Salt Manufacturing—50
Reading RR common—
...__50
21%
140%
1%
3%
555
21%
22
13%
14%
90
Paper——.—.—.—*
'34%
34%
35%
235
Sun Oil —————————————
47%
46
47%
81
%
100
Scott
Tonopah
Mining
1
—
■.'I
%
Transit Invest Corp preferred.——25
United
Corp
$3
preferred—J.—/.—„_*
United Gas Improvement common..__*
$5
preferred
// %
-
ft
11%
3%
lV
11%
•v
-
3%
98%
Inc..———————~ 10
11%
Westmoreland
Coal
19%
—20
.———
Jan
176
15
Jan
Apr
36%
55%
Jan
Magnin
-jVMar
2,475
/,
./
3%
Jun
92/
11%
45
10%
Jan
19%
20
15%
;
■
Jun
Mar
5%
/'
,
50
4%
.-1
18%
11%
21%
American ' Investment
North
Jan
American
Oil
com.
■—
Moffat class
Oliver United
1/:
*■
I100
Coast
Pacific Gas
■■•i;
:
1
6 %
Filters
8%
590
10
Apr
Jan
SOc
Apr
11%
Sep
13%
Sep
27%
Jan
600
Mar
5%
Jan
15% May
24%
Jan
803
90c
1.50
Feb
4%
>r*
350
3%
Jan
Jun
108
7.1/ 1/
,90c
12 %
'/•; 8c
9%,
5%
Aug
95c
Aug
700
23
"6%
9%
■
4
675
13%
1 TO
8c
a
Apr
Mar
19% July
135
Jan
July
8%
904
6 3/4
fI
23
"4%
«
Aggregates/.——. —5
& Electric Co
1st
;
108
39
*
■
Mar
:/ 400
600
100
I
6% Apr
90c
53/8
5c
15
1.90
I
9%
Jan
Jan
Jan
Feb
Jan
95c
Sep
Apr
7
Jan
Jan
8c
May
10% July
6% Mar
'
4%
Vr
2.05
2.05
23
145
270
43/4
2 .05
250
common —25
18%
18%
18 3/4
-.25
28%
28%
28%
26
26
/:
280
26%
V
280
1st preferred.—
5%%
4%
'6%
6%
'■
...1
AA__—_
Sep
July
30.
43/8
1 .15
13%
1.00
"A"..—_—_ ___*
"B"—
Class
Pacific
_.l.
Petroleum
Occidental
O'Connor,
12% Aug
22% Aug
/
1.10
—10
Cons.
1.10
13%
.
4
.
18%
4%
I ' 4%
:
Jan
II
;.J::
6
810
:/
Jan
Jan
31%
100
133/4
18
1.15
common.^
Jan
§8
;..,
15%
83
375
8
21%
1
—7
Manufacturing Co common—1
Jun
11%
1.65
;,,/■/ .40 I
91%
13
,
Jan
-
'
,
11...
13
\
—
Natomas. Co —;—
Jan
106%
/
Co
&
Jun.
% Aug-
-16%
July
95
*
Calculating Machine..——- 1-5
March
Menasco
Ys
3%
Mar
76% Mar,
202
4
30
B7%
8
——
Lockheed Aircraft Corp——...
Jan
Apr
11
8
Magnavox Co., Ltd—.i..— —n'
% Mar
,
37%
*
Ltd—...————
LeTourneau, R. G., Inc.—
Libby McNeill & Libby
Feb
43%
-
L
33 i
29%
91%
91%
/
'
Ac
10
80
Jun
North
99
Westmoreland
24%
.
•
-//v
Co— __25
Co—
McBean
2.50 Mar
651
Y. Y
183%
,
common.,.— —10
Gladding
83 3%
•
4100
Honolulu Oil Corp capital—..—
25%
34
3%
—.——♦
Fireman's Fund Insurance
tb,
iio
150
11
10%
i
■/
'•
3
'
10%
*
Jan
3%
'I
Jun
Apr
-'
.
......-
Golden State Co,
Apr
■"/• ?/;. :,1
300
11%
Jan
3
11%
>
A 4
Giorgio Fruit Corp common.,^
Preferred
Jan
3%
2% May
127
July;
27%
Apr
18%
•
10
; 13%
Apr /.
Jun
1%
1,731
140% 140%
40
3
c\
5
...
General Motors Corp
2%
:
15
3%
Pennroad Corp
21%
25
2%
;
1
common—.
r——-
yO;.
Di
'
602
t"\y.■;
&
America
'
r-
'
*
Horn
of
1
common....
Crown Zellerbach Corp common—
//Preferred
'
'
Aircraft
May
62% July
23% May
'
59
Chrysler Corp
—_——.5
Curtis Publishing Co common..
Prior preferred
.————————*
Sep
Jan
Sales
of Prices
Par
Engine....
.
.
California
592
2%
7%
101
Exchange
Week's
Sale Price
STOCKS—
Accessories
Central
5%
*
-—
2V4 Aug
13/4 May
compiled from official
Friday
'•
'
V/
Aircraft
200
y
Sep
/' 7%
6 %
f
'I
1
■
■I//"1
for Week
119% 121 %
Manufacturing common..*
Co
10%
Feb
Apr
'
1st mtge 5s_^.l959
25-year conv inc_1964
.
r-1\:,;
t-I'/Zl',/,^//
High
10%
A.pr
5 %
50
'
-I;
6
32 "
4% July
60
•
23
Sept. 5 to Sept. 11 both inclusive
-■.
Atlas
Shares
5
26
945
San Francisco Stock
Sales
of Prices
Jan
'?%
6%
Anglo California National Bank....-20
Last
Mar
100
35
Jan
8
101
i.i
Sept. 5 to Sept. 11 both inclusive, compiled from official sales lists
Sale Price
16%
Sep
•7%
15
/
■
Jan
96%
"73/4
—1
...
Feb
17
v;
Sep
;
105
14
'2%
—i—l-
common
Jun
Philadelphia Stock Exchange
STOCKS-
,
Jan
V
Week's .>
5%
29
Jan
33%
May
6%
95
7
'
13% Aug
i.,
Friday
Mar
10
10
''« 14
14
13%
common.^,*
common
St Louis Pub Ser
Feb
•
/
15
100
' 5%
5%
Jan
24%
20%
27%
"_5
Aug
28% July
40
6%
28%
St. Louis Pub. Serv.
Corp
Lines Transport—.....
14
95
5%
•
common—5
Prod
St Louis Public Service com
Jan
5
comthon
Midwest Piping & Supply common—National Candy common
1
Sep
;,/^5
40%
a35%
Union Carbide & Carbon
-
6%
95
common....1—.*7
Shoe
Laclede-Christy Clay
"
July
a68
25
■
Scruggs-V.-B., Inc., 1st preferred.—100
4-1
20%
i
International
Apr'1'"
2%
4
common- —Lr-i"
preferred- ^IIIIlOO
Electric
Hussmann-Ligonier
; 22 % Aug
'' I 12% Sept /"
V 44
Apr'///
260
High
5
.382-
17% Mar
T3%
3%
a38%
-
25
—
29
5%
16% July
,
/iuni
•/ 2%
50
56%
Low
*
Brewing /common..
Emerson
2o
50;■
13
53%
3
——.1
——
13%
al3
a53%
—_——_*
Corp
Swift & Co.—
a
Co—.;——.——*
Brands,
Studebaker
._*
of DeL—*
Co
Roebuck
Standard
3%
Range Since January 1
High
5
common
Coca-Cola Bottling
30% July
,
Shares
Feb
*
Republic
Shoe
for Week
....1
common.—.
Burkart Manufacturing common
Inc..
Co
Brown
Feb
H'' I
Paramount Pictures,
Low
Par,
Invest
Sales
Range
of Prices
-
———*
Loew's, Inc.—.
—;
/,
Montgomery Ward & Co.—
Week's
Sale Price
Jun
3
Exchange
inclusive, compiled from official sales lists
Friday
American
Kennecott
11 both
19% Aug
Y
-
St. Louis Slock
Sept. 5 to Sept.
STOCKS-
3 ;
a2%
,
17 %
Bell Teletype SL 593
Exchange Associate
Jan
22%
7%
V
Postal Long Distance
Feb
22%
a
Co
Phone
CEntral 7600
Chicago Board of Trade
Associate Member Chicago Mercantile
Exchange
24% July
38
Olive St., ST. LOUIS
Chicago Stock Exch.
New York Curb
Caterpillar
Co.
&
1022
Members
Jan
*
33% Mar
a25 %
Edward D. Jones
129% Mar
Established
2%
a25%
a
,._T
Corp...—
Jan
20
Aviation
Borg-Warner
4%
407
'
,
Jan
25%
1
Atchison, Topeka & Santa Fe Ry
100
Refining Co
.25
Corp (The) (Del)———_3
4%
25%
a
.
,
Atlantic
15
all9% 122
—
5
43a
St. Louis Listed and Unlisted Securities
High
Stocks—
American Tel & Tel
Armour
Sales
for Week
Range
Sale Price
preferred————— —25
V,/
'
1,082
1
617
17
Feb
23
1.35
Sep
4% Aug
3% May
Feb
2.15
15% Apr
24% Mar
29%
Jan
22
27%
Jan
20
Mar
Apr
Jan
t. /■:"
Stock
Sept.
5 to Sept. 11 both inclusive, compiled from
Friday
Last
STOCKS—
Sale Price
Par
Allegheny
Ludlum
Steel.—
1%
Devonian Oil'———_——
Harbison
Walker
Refrac
Week's
;
official
Gas
—
common.—*
—
....
Low;
142
13%
13%
88
•
89%
Mountain Fuel Supply
_10
National Fireproofing Corp common.—*
;6%
5%
10
35c
■
Westinghouse
For
Air Brake—
footnotes
se
page
948.
•
'/
360 *-
-r—
High
S
22%
'
Jan
Republic Petroleum
/
May
12% Mar
Rheem
3%
14 %
67%
-3%
14%
3%
14%
common— —.1
"•
Oil
Corp common..—...
Apr
16% Jan
Southern
Jun
97'
Standard Oil Co of
6
Apr
4%
250
35c
260
553/4
260
Feb
8%
6
Mar
14
July
101
Jan
11
81
155
72
Apr
9
175
9
Aug
100
14
' *
1.25.
26
1 .25
r
400
100
24 Mar
26
1.20 Aug
411
Jan
1.75
Sep
Jan
11
110
6%
Apr
8%
Jan
3%
100
3% May
5%
Reb
13%
•
California—
Feb
13% Aug
Mar
1,515
7'4
3%
13%
344
22%
23%
1,132
\
Y
•
•
■,
..
*
Co
10
11%.
7%
1/3%
22%
«
Co..,..,...— ZZi
Jun
14% Aug
18% Mar
23% Aug
10%
Transamerica Corp..
May
15%
Aug
Jan
Pacific
Feb
70c
Apr
Aug
33/4 Aug
Jan
July
595
9
Jan
3
12%
253/4
—
97%
.
/ 26
Manufacturing Co.—— —1
Aeronautical
12%
t
69
Ryan
83
*"■
67%
Co
31
Apr
Mar
2% Mar
Ja,n
1%
22%
90
793/4
81
'y—'
;
—1
preferred—.
200
12%
*
common.,
37
96%
2 .50
73% July
—2
43/8
4%
4%
2,203
4
Jan
Union
Oil
—25
12%
12%
12%
1,333
10
May
Union
747
5%
35c
'
Pittsburgh Plate Glass..—r——.25
Pittsburgh Screw & Bolt Corp.___*
'•/•
2.50
2.50
.100
Rayonier Inc
26%
96%
'/ '
'
»
1st preferred
16% May
% Sep
75
85
'
6%
j'
—
Puget Sound P & T
15,387
11/
H
common
•
26%
;
a
Pacific Tel & Tel common..,
30
i%
Service
Range Since January 1
,
Star
lists
Sales
Shares
17%
*
Public
Richfield
10
Koppers Gas & Coke preferred—.100
Lone
sales
High
17
.';%
»
Light Corp /common—.—_
$5 Dividend
Pacific
for Week
Range
of Prices
Low
17%
Columbia Gas & Electric...
Pacific
Exchange
Sugar
15%
15%
15%
182
—•
14%
14 %
125
9% May
6%
6 %
100
6
United
Air
'
5
%
Jan
19% Feb
Co
Universal
of
California..
—25
common...—
Lines Corp
Consolidated Oil.—
Waialua Agricultural
—
-
—5
—10
Co——— -20
'
'
21
21
80
123/4
Jan
4% July
13%
/
Jan
17
Apr
14%
Sep
Mar
7
Jan
13% Mar
23
Jun
I
rHE COMMERCIAL &
946
Monday, September 14, 1942
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
'
'
Low
Par
■
Marine
Unlisted—
Radiator & Standard
Tel & Tel——
Copper
&
Co.,
Bunker Hill
Calif
3%
Co
35
3%
31
34%
16
a34 Va
__
Mountain
a30%
......
Feb
2.60
6%
109
19
25% July
Jan
8%
1.40 May
1,300
Mar
30% July
Apr
7%
7%
common——..—10
American Co
May
24%
5
1.75
1.65
1.65
-5c
City Copper..
20
25
22%
30%
22%
'
,
20%
24
Feb
Apr
Jun
1.60
24
Feb
26 %
Jun
Aug
Aug
27
2%
Feb
10
13%
Sep
5%
50
4%
Jun
17%
17%
330
15
Apr
20%
Jan
26%
26%
160
23% May
26%
Aug
Feb
Riverside
30c
8%
Apr
11%
79%
Apr
85
Aug
Corp of America—:—...
Steel
Corp
Cement
common..
"A"
co
Jan
6
So Calif Edison Ltd
13
2Va Aug
405
11% Mar
14 y4
7%
10
6
8%,
24 %c
preferred
Brands
Vi..
30
May
,
Apr
31c
Apr
United Aircraft Corp
Sep
22%
255
28
Jan
350
2.00 Mar
27%
115
25% July
a3030 %
90
27% May
36%
Petroleum
Westates
26% May
2.15
Preferred
124
30%
Apr
41%
Jan
—5
a27%
27%
113
25% July
32%
Jail
______*
45%
47
280
44%
Jun
55%
Jan
200
4c
Mar,
8c
Apr
80c
Jan
26%
Sep
—
Sc..
1
common,.,...
—
—_
5c
1
67c J
65c
100
67c
Apr
24 Va
45
28%
28%
Telegraph——'*—*100
Western Union
Jan
Jan
5
38%
Jan
4
Apr
Apr.
6% Mar
a37%~
common—
United States Steel common
26%
3% July
15%
Mar
3
87
3
a3"
.
Jan
30
—25
common—
———__*___25
—♦
Standard Oil of N J____—„J
25
5 % '/c
Standard
Aug
a27V8
common.—.—:—*
3%
13%
5%
Republic
Jan
13'/a
2.10
2.15
a3%
al3%
*
Feb
40c
200
2.00
29
•
_*
*
Jan;
87/a
26%
Mary Mines Corp.
1
International Nickel of Canada——*
60
4%
a7%
30
21%
25%
32%
13 %
.
a21%
a25%
July
2%
a2.00
13'/a
50
*
50
2% May
83 %
87/a
a83
Pennsylvania RR ———————
Pullman, Inc., capital..—
Jun
44%
Jan
31
1,526
39c
37c
Idaho
Copper Corp
Co.—
High
Low
19% July
5
19%
19%
Radio
44%
a2%
'27——100
_.
Navigation
a
Range Since January 1
High
Jan
4
1.15 Mar
29%
%
a 43
common
Electric
28%
'J''
Montgomery Ward & Co__
Jan
28% July
Jan
3
100
1.50
1.50
Co——————*
Dominguez Oil
Kenn
166
128%
May
23% May
Lou)
Bancorporation
Matson
Jun
North
—10
Consolidated Edison Co of N Y
•
Curtlss-Wright Corp
————1
Co
Service
General
3 Va
—
Power 6% pfd
Oregon
Cities
93
5
Inc., capital———_1
& Sullivan.*——--2%
Bendix Aviation Corp—
Blair
185
25%
100
,—3
Del——
Corp of
Aviation
24
27%
4%
Apr
104%
a26%
A—_*
5
Anglo National Corp common
Argohaut Mining Co.———.
Atchison Top & Santa Fe
706
Apr
3%
a25%
American Viscose Corp_
Anaconda
100
120% 120%
San—.*
—100
14
Mining—.—,
50
American
American
4%
4%
of Prices
Par
High
Low
for Week
Shares
Range
Last
High
Sales
Week's
Friday
Sale Price
STOCKS—
Range Since January 1
Shares
of Prices
Sale Price
STOCKS—
•
for Week
Range
Last
-
Sales
Week's
Friday
[,
July
Unlisted
CANADIAN MARKETS --Listed and
Friday
Montreal Stock Exchange
Sales
Week's
Last
Range
Sale Price
STOCKS-
for Week
pi Prices;
Low
Par
Range Since January 1
Shares
High
Low
High
Banks—
Week's
Last
Range
of Prices
Shares
Low
Par
Corp
Bathurst
Power
Bell
P
—
.
11
127%
126
'■»
16% Aug
19
426
10%
Sep
14%
125
Sep
188
Jan
116
Sep
153%
Jan
Jan
124% Aug
150%
Jan
84"
preferred
.—
18
91%
210
91%
6%
.v,
July
Jan
6%
156
25
27
6
100
25
215
5
23%
122
123
180
115
115
6
100
100
20
122
20
Aug
Apr
Sept. 5 to
Friday
Jan
July
21% Mar
26
July
21% Mar
27
Jun
125%
Mar
;••••
''v-; ■■■''■'
O
.
'
'
A'Par
Cottons
Canadian
Canadian
20
Class
B
116
Jun
15
100
May
100
May
British
American Oil Co
145
15
Jan
,30
Sep
British
Columbia
3%
Locomotive
Canadian
Pacific
Canadian
—
>•"!
Ry___
May
5%
1,415
5
Jun
25
265
34
'
v
Canada
Jan
Canada
8%
Aug
Dominion
Coal
Dominion Steel
151
preferred—100
Glass
Dominion
A~7%.
39
32% Aug
Dominion
Dryden Paper
11
-152
26%
Jan
95
Sep
24
10
____,
—;
1,362
500
4
85%
5
85
3%
35
90
50c
—_*
.
'A
14
—*
of Canada-—
Co
395
Marconi
Co.*
9V8
6% Jan
Jan
85
Aug
Apr
6
common———♦
4
3%
(Charles)
Gurd
*
3
2%
Gypsum, Lime & Alabas
30c
50c
Apr
12
16
July
Jan
-
Feb
5
92
Paper
Inv Ltd
Motor of Canada Ltd
285
2
Feb
4
Sep
3
150
2%
Apr
3%
25
6%
8% Aug
9%
1,117
7% Mar
9%
29%
399
._*
13%
14
540
-25
Petroleum.
International
8%
preferred
Legare
—.
McColl-Frontenac
Oil
1,046
4
115
21
——_*
■—_
30
3%
——♦
Massey-Harris
8%
1,219
29
14
Jan
10
27
25
136 "
Jan
May
85
1.45
July
Sep
Apr
Jan
31
/
161
Jan
■
136 "
136
55c
250
450
Apr
60c
Mar
15c
390
15C
Sep
25c
Mar
23
5
21
Jan
27
July
15c
15c
23 *
1.90
1.90
125
1.90
1.80
611
1.65
June
7%
7%'
70
7 •;
Apr
2%
2 %
35
2 !
Aug
7' 'H '7
7
5
2%
2%
45
16%
16%
10
18 Vb
18%
110
2%
Jun
3 V4
Jan
Feb
1.75
%
—
'
—
•
%
6
>
7% Jun
.i
Jan
4
Feb
10
Apr
Sep
12%
36
11% Mar
14
Feb
Apr
;
2% May
9
.
■
V:
.
Apr
May
20
Jan
14% Mar
18
Va Jun
56
7'/a Aug
12
Jan
107
7ya Aug
—
15
8%.
8%
8%
11%
11%
12%
12%
12%
12%
:
39%
39%
v:' :'"■■ 5
107
107
37
107
Aug
108%
Jan
102%
103
12
100
Jan
103%
Feb
2%
2%
25
Apr
2%
Sep
13 Ve
13%'
13 Va
13%
40
13%
Sep
13%
13%
13%
Sep
3
3
50
'-2
Apr
com_*
44%
44%
44%
55
40
Jun
19%
19%
19%
10
—*
18% Mar
1,525
7%c July
Power
&
—
_*
;
.*
Paper Co——
t
13% Feb
16
Feb
50
•11%
Sep
1,225
10%
Apr
12% Aug
75
11%
Jan
15
39%
45
Sep
Jun
Feb
103
6 % pfd.—100
*
1.50
Jan
Apr
2%
5.00
Inc..___1
*
2%
1.75 Mar
8%
MacLaren
.1
■;
;
Jan
9%
Jun
8
A
———r
Stores Ltd
Thrift
common—.—
United Amusement
29%
International Nickel of Canada com.—*
28
20%
Apr
1.00 Aug
8%.
trust
Southern Canada Power
465
Jan
15Jan
Massey-Harris Co Ltd 5% pfd
100
12 Va
Mitchell. Robert Co Ltd
—
—.*
Moore Corp Ltd——Nova Scotia Light & Power 6% pfd_100
J
Jan
.
50
*—
Companies Ltd common^..:.-.*
Fraser
Jan
4
■••:
17%
55c
Vickers Ltd
6% July
Apr
Aug
10
July
5
"1.00
27%
28
1
*
**
Farmer Candy Shops
Fanny
Jan
5
8%
9%
Oil Ltd
__*
Imperial Tobacco of Canada common_5
Imperial
13
79%
84%
1.00
'
Woollens k preferred—
20
Co Ltd—
_*
Dairies Ltd 7%' preferred—100
Eastern
'
Howard Smith Paper common———*
25
,
Jan
84
-
14
Jan
9% Jan.
Apr
Donnacona, Paper
Jun
50
85
100
—
>13%
14
Dominion
Sep
88
105
5%
common——*
Wares
Preferred
55
6%
common—*——*
Power
Steel
General
350
Jan
Mar
84%
84%
7% pfd——100
Commercial Alcohols Ltd common—*
Consolidated Paper Corp Ltd——*
Jan
5%
Jun
3%
Power &
Canadian
Voting
Gatineau
15
Co*— i—*
7%
Northern Power
Canadian
Ford
Foundation
13
■14%
Ltd____i__*
Fairchild Aircraft Limited
Dairies
Eastern
35
125
152% May
Jan
,
Jan
15%
July
150
7%
3%
2%
;
9%
15%
banadian Industries Ltd B_—136
Mar
5%
85%:
Jan
;
Jan
20%
7%
Ltd——
Stores
-
40
Jan
109
Apr
9%
9%
Ltd—
Packers,
1.50
8
1.50
1.50
pfd—100
Canadian Breweries Ltd common
*
Preferred ———______——_—*
Jan
21% Mar
5%
& Coal B———25
..___**
Tar & Chemical pfd_.—_100
Dominion
10
150
7
May V
85% Aug
6% Mar
95
110
20%
10
—
95
20 y4
—*
preferred—:———25
Bridge
23
95—
100
*
—
22%
23
common.———*
Seagrams
Preferred
Dominion
65
15%
9%
Dominion Sugar
&
Canadian
Distillers
25
High
Low
4
4
83%
83%
i.f.
3% May,
Mar
8
33 y4
—b
Consolidated Mining & Smelting—
3
30
Range Since January 1
;.
High
'-.V
4
—
Corp
Power
Beauharnois
3%
Mar
25
8
5%
5%
3
3%
8
3%
____-—
3%
3V+
____**
—*
———*
._25
Alcohol A—
Ind
Canadian
Sales
Shares
Jan
114.% Feb
•
;,
4
*
Ltd—r—
Low
,
.
6% pfd—100 ;
Abitibi Power & Paper Co
Aluminium
;
Bathurst Power & Paper Co Ltd cl B__*
preferred--———100
Fairbanks preferred
100
Foreign Investment com.—*
Canadian
official sales lists
for Week
Range
of Prices
Sale Price
STOCKS—
Week's
>
Last
Jun
7
120
Sept. 11 both inclusive, compiled from
Jan
7%
29%
4% Mar
25%
Montreal Curb Market
July
102
Sep
6
23%
100
22:
•-
5y4 Mar
126
25
.
11%
Jan
May
.
27
27
preferred——:_25
306
225
91%
TOO
/___.—*
—
50
common————*
Canadian Celanesfe
6%
10
21
9%
9%
Foundry common-—*
participating
125
126
21
*
*
Steamship common
Canadian Car &
7%
100
11%
11%
Power class A———*
preferred
7%
84
18
100
preferred
Canada Cement
5%-
67
46
High
July
30
•
Co of Canada
British Columbia
Canada
Low
High
84
84
.100
Paper A
&
&
L
T
126
116 th 116
—.
Telephone
Brazilian
125
116
Range Since January 1
18
Asbestos
125
.100
for Week
Sale Price
preferred——.
Algoma Steel
.100
Montreal
Sales
Friday
STOCKS—
(Bank of)—
Royal Bank of Canada-
inclusive, compiled from official sales lists
Sept. 5 to Sept. 11 both
Jan
Sep
*
Ltd—*—
Walker-Gooderham & Worts (H)
$1
3%
Sep
4%
Jan
Jan
——
V,
;
■
12% July
,
12% July
5
3
50%
Sep
Jan
19% Feb
i
23'/a
preferred
■>
.
.*
—100
*_L
United Securities
Aug
Corp Ltd class A—,*
B
Class
—
*
■
MinesMont
Light Heat & Power Cons—*
21
20
Mar 1
»
Wire
Niagara
24%
24%
98
23%
Apr
26
Jan
♦
29%
29%
98
29
Apr
34
Jan
Sep
17%
Feb
——*
Weaving
Aldermac
10
-
43
Noranda Mines Ltd.—*.
11
335
160
41% Mar
52
Car
Ottawa
18
.
17%
22
Jan
Sep
4%
10
4
Mar
4
4:„.
50
3
Mar
6%
6%
736
6
Sep
11
Corp
of
*
•
Canada
Price Bros & Co Ltd——
1—100
Power preferred
Lawrence
Corp common
Saquenay
St
Class
preferred—;
A
12%
40
11
Apr
13
Jan
50
—
_1
Ltd—___-
Malartic Mines
4%
Mines
Jun
—————
J*77
1T8
Perron
105'!
105
15
1.00
9
-
9
125
605
104
May
1.00 Aug
8%
Sep
f
106% Aug
2.00
Ltd
Crow
'
Gold Mines Ltd_;
'
'•!
'
'
'
' i
1
1
—-1
preferred—_____ 100
Jan
24%
24%
.
90
24% Jun
43
Jan
V
.
■
Shawinigan Water & Power*.
of Canada pfd—
Sherwin Williams
»
*
1.00 Aug
32c
I
j
u
J
Consolidated Mines Ltd.—1
Hughes Gold Mines Ltd——1
i
1 '
,
13%
110
13%
110
389
37
12%
110
Feb
14
Jan
Apr
115
Jan
'
Teck
,■
•
—
49 %c Jun
1.70
Sep
2.80
Jan
1.15
Aug
2.22
Jan
2c
Sep
4c
Feb
2,050
70c
Sep
1.31
Jan
1.40 Aug
2.30
100
_
20c
20c
—
%
*
*
2.24 Jan
;
500
1.46
1.46
Jan
700
wc
;
Feb
Jan
17% Feb
283
2c
2c
—.
—
Quebec Gold Mining Corp
1 .
SherrittrGordon Mines; Ltd_r__;.——1;:
Jan
15'%
Cadallic Gold Mines
Gold Mines Ltd——
2c
Apr
100
r
Pandora
16 %c
Apr
10%
1,000
1.18
Sullivan
St Lawrence Paper
l%c
200
}-77
—
;
500
1°° 100
-;49%c 49%c
--
—1
1
Limited-
Malartic Goldfields
■.
—
Ltd————1 ;
4% Mar
Pickle
•
.
*
Ltd
"
—,*
Quebec Power
Ltd
Eldorado Gold Mines
Macassa
Power
,7]fc 7!^2C
1 /ac
1 /ac 1 /ec
—14 %.
14/s 14%
*
—1
Ltd_
<
.
Jan
*
Aircraft
"
Mines
Dome
r
Jan
140
43
10
East
•
Copper Corp
Bouscadillac Gold Mines
•;
'
^c..
5j>c 53c
1.55^,1.55
"
1,000
20c
60c
600
50c
,1.50
July
100
35c
165
lie
'
Jan
65c
,
Mar
87c
Aug
Mar"
500
550
Feb
20c
Mar
Jun
2.20 Jan
i
/
••
■;
.
f
'
■'
-
t'::'
' ;'1'-
Oils—
Southern
Steel Co
Canada
of
footnotes
9
Feb
10%
Jun
136
58
Mar
63%
15
se
page
.100
948.
i.
Jun
68
15
_*
Ltd
Winnipeg Electric preferred
For
45
60
—25
common
Preferred
Wilsils
9%
*
.__*
Power
Canada
12
100
12
50
66 % Mar
15
May
5% Mar
70
Jun
16% Jan
12
Jun
Anglo-Canadian Oil Co: Ltdi.*———* :
,t -Dalhousie Oil Co Ltd—
;—He
'
;'
Home
\
Royallte
-
Oil
Co
Oil
Ltd
Co Ltd
•
—
—
3jc. 3Jc
,
He
2.21
16 /8 16/8
Sep
Sep
200
2.05 July
5
16% Aug
40c
July
22C
Feb
2.70
19
Feb
Jan
Volume 156
Number 4107
THE COMMERCIAL & FINANCIAL
CHRONICLE
CANADIAN MARKETS
-
Listed and
-
Exchange
sales
STOCKS'
,
Par
Abitibi Power & Paper 6%
7rto
preferred
Alberta-Pacific
Aldermac
Amm
Corp
Ltd—
of
Montreal——___
Bank
of
Nova
Bank
of
Toronto—
Bathurst
Bell
Scotia—.—
Power
&
4'/a
Paper
7%C
7,400
6%c
'A
1
3c
224
11
128
Hats
Ltd——,.
Bobjo Mines Ltd——_—1
274 %
Jun
255
Jan
90
7
100
6c
4,500
4'Ac Mar
142
,
123
8%c
8'Ac
6c
6c
Sep
12 %c
32 Vic
Jan
21
100
18
*
■
—_*
19%
19
20
34%c
34%c
35c
2%c
2'/2c
11 Va
11%
*
*
7%
8
4
A
100
Packers
90
90
—_—*
34
34%
80
80
;y bo
Mortgage Corp„_100
Bank
Commerce
Breweries
Preferred
v~5.
•
5 'k
Mining
39c
Willans. Gold
Cockshutt
Ltd
_l-;,
Dome
Mines—
Dominion
Sep
5'A
::
126
*
Dominion
25 'A Mar
29%
Woollens
East
——__
Oil
Eastern
Steel
>
>• 27
Aug
■!47/a Mar
'A;
:»
,
.,
—_ —
'______
Goodyear Tire & Rubber pfd
Gold Mines, Ltd
21
40
26
July
3'Ac
291
"6
29
28%
29
60
9c
9c
9'Ac
4 $00
•
43
42%
43
3c
*
5%
5%
100
2
Mar
Corp
Ltd
Loan
1
19% Mar
45
Jan
Apr
178
Jan
7
Jun
4%
Jun
28
Jun
Jan
Jan
213
41
52
3c
500
2 %c
Jun
5c
Mar
2,000
60c
Sep
90c
Jan
49c
1,000
48c
90c
38c
Jan
10c
Jun
Mar
22c
23 c
2,600
22c
Apr
Sep
•,«' 5c
5V2c
2,000
5c
Sep
Co——50
105
105
25
22c
__1
13 c
*
50c
12%c 13 'Ac
58,800
.
105
Jun
84c
113
Sep
Jan
6%c Feb
16c
May
45c
60c
Jun
3
Jan
1.50
Oils, Ltd—
Porcupine
Gold
Pickle-Crow
2c
May
4%c May
32c
1,800
32c
July
85c
Jan
500
lc
Sep
2c
Jan
19c
Jun
'
v
lc
1
Minfes_
Pioneer
Gold
Mines
Premier
Gold
Mining—
East
Dome
of B
2,200
750
62c
10
50
1.40
C—
1.43
1,600
1.12
1.14
5,506
38c
41c
3,750
1.41
1.45
2,600
12c
1.40
1
1.13
V
'
-
—1
>'
12c
1,200
12c
18c
500
7%c
4,100
Preston
Queenston Gold Mines
I—l ;■
r*
18c
Apr
Reno
—1
7'Ac
6 %c
Roche
1
2'Ac
2'Ac
3c
115
116
35
16%
16'A
II10
12%
.—1
1
—
1.45
_^9
Feb
1.35
Sep
10
Jun
1.38 May
1.12 Sep
38c
1,000
116
Mines—
Apr
12c
62c
10
1
May
1.25
62c
*
Electrotypers..
i.e.'1.
14'Ac 14'Ac
.100
&
Gold
1,000
32c
_»
III
Mines—-—
Mines
Engravers
13
3c
9
Mines
Malartic
1.50
3c
Preferred,
202
Feb
6%
Sep -'
114
r
1.72
.
July
Sep
1.35
Aug
.
Jan
14%
Jan
2.35
•
Jan
2.20 Jan
57c
Jan
3.20
Jan
Sep
20c
Jan
8c
Apr
39c
Jan
2%c
Apr
23c
Apr
2c
July
Sep
3c
Sep
115
290
16
Sep
19%
12%
20
12
May
15%
Feb
1%c
1%C
1,000
1 %c
4c
Jan
1.40
1.32
1.40
3,048
1.32
%c
%c
1,500
%c
14c
14c
15c
2,200
9c
13%
•"
'
13%
Jan
121
68c
Sep
1.30
Jan
4c
Aug
10 V4
Jan
V
46c
Apr
Gold
Long Lac Gold Mines
Royal Bank of Canada
Russell
74c
Jun
14c
Aug
20c
Feb
18c
July
27c
Feb
50
lie
11c
2'Ac
••
14
;
140
Z
Jan
140
■
r
•r-';
10
18%
18%
7%
:7%
5Vb
5
5%
r
75
San
Antonio
1.25
1.30
Jan
Shawinigan Water
Sherritt-Gordon
132
Mar
Sigma
17 'Ac
Jan
May
21
2'Ac
1.00
12
2'Ac
'
Jun
"/v." 5
83
Aug
51c
51c
4%:
5%
■
20
32c
200
4'A
__——1—_ I100
Sladen-Maiartic Mines ——y_„ _„x
Standard
Jan
Steel
Mar
;.,
Feb
4c
2.30
■f:
l%c Apr >
18
18'A
773
14% Mar
500
17c
18'A
19 %c
19'Ac 19 'Ac
>
-
15
Co
71%
.
6
71%
72
lie
12c
9%c
9%c
10c
49 Ve
19
61%
6
■
Lake
49%
9c
2,000
3
160
5%
V; 22
May
1.70
160
100
5
Hamilton United Theatre preferred-100
76%
76%
II
*
Tamblyn (G) Ltd
Jan
Jan
42'Ac Jan
Apr
6'A July
Apr
77% May
/
Union Gas
United
30c
30c
Fuel
13c
3'A
Sep
Jun
Jan.
Jan.
31c
1,750
30c
Sep
2c
500
2c
Jun
13
13
485
9'A Mar
7.25
7.15
7.35
1,565
6.79 Max
2.24
2.22
510
Honey ■ Dew, Ltd.
'
"III*
Howey Gold Mines, Ltd—_I
Hudson Bay Mining &
Smelting
_*
Imperial Bank of Canada
100
;
Imperial Oil
♦
Imperial Tobacco of Canada ordinary_5
Preferred
I
_£
_■
Imperial Varnish Colour
17'A
17'A
18
17
14c
14c
14c
1,000
22
22
370
150
151
29
151
.
16
14c
21%
150
July
Jan
Mar
Apr
Sep
9%
9%
9%
615
7% Mar
10
9%
10%
510
9% Jun
6%
6%
100
6'A May
*
International Metal class A
2.07
7'A
*
7'A
5'/a
6
25
105
7'A
5
Sep
180
■
45
7,900
%c
%c
6
Apr
8
3%
Aug
7%
May
89%
Jan
34c
Jan
10c
1,300
65
17c
Apr
*
—
30
29%
*
13%
13%
1
10c
'
30
1,324
13%
709
Feb
55c
Aug
3%
Jun
Mar
63%
Jun
Jun
1.96
Jan
1%c
Jan
%c Sept
8'Ac May
1$5
1.25
1.25
1.30
1.30
200
1.15 Aug
1.70
Jun
425
-
1.15 Mar
1.98
Jan
8% May
11%
Jan
9%
10
1.50
1.50
45c
45c
1,100
17
17
25
46 Vi
46'A
5
8c
9c
2,500
5%
939
—
...*
—
■
>
■
8C
5%
A pfd Il50
:
—'
46'A
1
9
Canada
Investments .6%
5%
32
31
—25
nil
;
—
Preferred
9
—
Flour
Mills
Yankee
Gold
64c
25
1.47
45c
Sep
2.34
Jan
Sep
1.10
Feb
16% May
45
8c
July
Sep
4%
Aug
29
July
10c
1,300
1
948.
3.-65
3.55
3.65
6,276
2.93 Mar
50
Feb
M3c
10%
36
Mar
40
2% Mar
3% July
135
.
2% Mar
4'/a July
•
1,300
59c
Apr
1.24
3.50
825
3.00
Apr
5.00
8c
8'Ac
2,000
5'Ac
Jan
13c
3.50
3.50
3.85
2,515
44'A
44'A
45%
122
40
19
19
19
431
18'A
25
25
10
y
Jan
Jan
Co 1
Sep
4.80
Jan
Jun
May
Jan
Mar
50
Jan
Api-
21
Jan
Mar
29
July
24
—1
l'Ac
l'Ac
l'Ac
1,600
1.20
1.20
1.20
240
Apr
1.25 July
1.95
1.95
2.00
950
1.81
Apr
2.90
Jan
3%C
3%C
2,200
2%c
Apr
5c
Feb
9
T___
in*
9
Minesi
—
■
18
l'Ac July
75c
l'Ac Mar
Jun
2.70
Jan
Toronto Stock Exchange-Curb Section
Feb
19
Jun
20c
Jan
28'A
Jan
204
Sept. 5 to Sept. 11 both inclusive, compiled from official sales lists
Last
9% Aug
STOCKS—
Jan
7'A
Jan
9
Jun
Week's
Friday
Feb
12'A
*
Canada Bud Breweries
Canada Vinegars —
Jan
Coast Copper
36'A
Jan
14
Sales
for Week
Range
Sale Price
of Prices
Par
Low
Shares
Range Since January 1
Low
High
*
6
41
—
—
Apr
11'A Mar
Sep
Apr
Jun
10.50
7%
10c
20
pfd__ .100
Mines——:
Girl
3 %
3'A
64c
150
3.50
-
in
9
Walte-Amuiet Mines, Ltd—
Walker-Gooderham & Worts common.*
Ymir
64c
9
—
/
32
3%
3'A
(Mis
Canada
y y 68
10
45c
Upper Canada Mines Ltd
5
5
110
190
20
5
Apr
4'A July
High
6
7%
Sep
Jan
Aug
50c
29'Ac
Jan
5
55c
55c
55c
Consolidated Paper Corp.-,
»
1.80
1.75
1.85
544
Oil Co
*
17c
17c
600
Dominion
Bridge Co., Ltd.1
41
20%
20%
85
41
8
8
55
3
Jun
11
11
'75
9
May
Humberstone
Kerr-Addison Gold Mines
13 %c Mar
Jan
14
May
29'A
Jan
3
Dalhousie
Petroleum
common
July
57
87c
500
10c
1.50
Wiltsey Coghlan
Jun
4'Ac
<
3
1
Winnipeg Electric class A
Wright-Hargraves Mines
36
76% Sep
May
1,000
-III
3%
1
30
common—-.*. ^9
3.00 Mar
,
8% July
*
—
Aug
2'A
•
%c
Apr
10
J
€1
United Steel Corp., Ltd
50
2c
*
,
of
Ventures, Ltd.
13
"
Co
Vermilata
73
4.05 May
y«'/i
50
•
1.34
10c
I_50
Aug
28 Mar
3
60
■
12
6%
4%
1.30
.
Preferred
Jan
July
■
-
17 %c 17'Ac
3
•
_„1
Towagmac Exploration Co.
10c
"
1
Home
•
Teck-Hughes Gold Mines
Sep
18% July
Mar
73%
60
Mines
luul
<
1.34
.
»
Toburn Gold Mines Ltd——
Toronto
Elevators
Ltd
Sep
Aug
1.60
,
532
7
Jan
July
20c
2 V2
Jan
4.50
i
6%
;
2'Ac Jun
;
7'Ac July
v
6.00
7
4%
Sudbury Basin Mines
39
31
9c
3
5
common.
Beach Gold
May
9c
-
7,700
Jan
73%
•y
Canada
3'Ac Mar
8,200
Aug
97c
Sep
•-
•3
9c
■
4%
81c
Sep
6%
Radio
of
Class B
6
July
*
Sturgeon River Gold Mines—
Sep
55c
500
-
Jan
65c
57c
Jun
13
.
Feb
1%c
75
14
500
—
Steep Rock Iron Mines—.
Apr
8
1%c
17 '
Jan
Jun
5,951
73 %
—
-July
1.30
16%
/
12% Mar
Jan
2%c
19c
60c
/y 7.,
Preferred
5% July
Mar
17
i
100
2.05
Sep
Jun
Mar
74 %c 74 %c
Feb
88
1%c
•
4.45
Simpsons Ltd class A
A,-
98c
10
4.45
—1
-
Jan
9'A
l'Ac Aug y, .;
Aug y
>
•
300
1.70
Hollinger Consolidated Gold Mines-
—
Jan
19
6% Mar
2,600
•57c
Jun
15%
July
4
V >:■:/
12
57c
6c
191
Apr
2,000
1.00
-
74 %c
1
—
17'A
Jan
95c
150c
Mines
25%
«..•
Sep'
10
59
Mines
—_*
Gold
Silverwoods Dairies common—
Preferred
i_—<—
;
Mar,;.
140
206
Jan
'
6'A
y.
—1
Sheep Creek Gold Mines—
Jan
16'A
7%
1
_^_1
——
Jun
200
: >
Ltd
Mining.—
Gold
10%
.10% May
-
25
30'A
___—
Gold Mines
River
Senator Rouyn, Ltd
92c
11c
.
July
Jan
'
39
Sep
85
,/:
—
Aug
280
;
88
7%
3
—__j__l
Gold Mines
155
6% Aug
Sep A/
> 2'AcMar -y
>1,825
-
3
Mines—
Ltd—
Aug
109
: C.A;>23;/.
143
18%
1.70
Paper
Industries
9
9 Ve
-
1,000
14% ,>
30'A
Marker. Gold Mines
Ltd
32%
T
2,700
23
14
> 50c
,
40
„.
3c
22%
V..
■r,
'
500
„
.
11c
1
____
Co
St. Anthony
600
488
51c
__1
_*
Oil
Jan
>. 1,000
5%
Mines
'1.50
,,
14c
34
——*
Jan
50c
Prospectors Airways Ltd.—
20c
>112
Il
_Iioo
Ltd
page
Jan
50c
Jan
200
30
ee
Jan
Sep
_1
Debenture
23 %
39
158
23c
48'Ac
—*
&
3% July
60c 61'Ac
Ltd.—
Gold——
Oils
Jan
Aug
34%
___1
_—
Mining
Jan
11c
8%C Apr
Feb
46c
123
Aug
.9'A
50
Co
footnotes
485
i'i -
160% 160%
*
,
Jun
4,800
1.00
_1
_■
Hallncf Mines Ltd...
For
39'A
L
Western
Mines
Jan
21
21
common-
—
July
July
43c
-55c
25
y_
International
Jan
39
Corp
7
Mar
55c
U %c
Gunnar
Jason
4
95
77
Photo
6%
2'Ac
II— 1
Gypsumr
Nickel
3% Aug
12% Aug
,
2%
Perron Gold
3,900
>
55c
I'l-'I
International
Mar/;
2%
2'A
Paymaster Consolidated Mines
3c
:
-
700
9%
>'
1
Mines Ltd—
Eagle Mining Co
Qll——i
Apr
2% May
50
/
Janl>
6
Apr
Sylvanite Gold Mines, Ltd
God's Lake
Gold
Apr
10%
•
Jan
22
4,885
,
55c
1.25
9
Mines
Dauch
2%
818
3%
Mines__—
Jan
5
88
Gatlneau Power Co
&
325
12%
3%
Jan^>
7
6%c
Gold
Jun
1,212
5%
10
9
Rock
3%
12%
3%
Mines—
6
Sep
7%
9
Hard
3%
12'A
2.22
Aug
Sep
2,200
Lake
4% Mar
■
50
30'A
Apr
112
—III
?_i_
Francoeur
Hinde
3'A
1.20
1.12
8%c
——
22
110
112
*
Ford Co of Canada classA
Co
Sept
Nickel Corp..
Orange Crush Ltd common...
'
Bridge
4%
common-
Apr
: >: 16
14c
—20
______
Hamilton
5
10
Jun
8c
Pamour
20c
—100
Mines
Hamilton Cotton
20
common.—.
Red
Partanen
33
■
Worsteds com—*
preferred
5,200
5
4'A
.
Jan
54c
8c
Feb
54c
A
4,
Fanny Farmer Candy Shops
Federal Kirkland Mining
5%
1.19
5
■4 'A
—*
—___—.
''
v
Equitable Life Insurance.——,
Gold
1.17
4%
1.68
tn
Feb
6%
lie
—25
Products
Gold
Mar
1.04
Royalite
—100
Co.—
Go-Id
Sep
30c
Apr
Apr
10
—25
Eastern Malartic Mines
Eldorado
93c
3,400
50c
154
1,360
55c}
com
—
Crest
8,638
35c
1,300
140
15
50c
«
_•
B_.
&
98c
1.19
Ltd
Ontario
Jan
24%
Sep
> 25c
49'Ac
—3i
Chemical
Preferred
94c
33 %c
54c
Straw
&
Gardens
Omega Gold Mines Ltd.
Jun
10
50c
-
Stores
Tar
95c
35c
52c
Jan
9% ■:
common
Dominion Coal preferred
Dominion Foundries & Steel
Dominion
Mines.:-
54c
Sep
10
71c
*
—
Dominion
1
—1
_1
Gold
Fields
1
100
Py 100
4%c
X
—«.
class
Jan
45'A
Nordon Oil
Jun
7%
110
68c
;
ji-*. •/"'*
Mines.
Dominion Steel
2.85
Noranda Mines
Jun
Feb
2,500
4%c
—
(The)—
Sep
1.70
Jun
O'Brien
39c
71c
.
_^.i—
Bakeries
Bank
2,708
May
115
85c
__
Corp-Seagrams
1.82
36
Okalta
111
/
57
3%c
-
4%c
-
—^
Mines—
1.76
74
Feb
5 I >: 14
.> 113
»/
25
84c
__
Davies Petroleum
Distillers
Jan
1.82
1
Naybob Gold Mines, Ltd
Feb
116% 116 V2
'
*".
1
______
Petroleum.——
Nickle
23%
"
Consolidated Smelting—
—5
Consumers Gas Co of Toronto— __100
Denison
25%
Aug
Jan
90
37
18%,
5%
■
Mines
Consolidated
Jun
18
85
Sand
Coniaurum
19%
20
"
v,.
__100
—
Commonwealth
90
18%
25
8'A
39c
/,5%
Plow—
Commoil
20%
40
7'A May
110
Chesterville Larder Lake Gold MInes__l
Cochenour
.;-,v
5
.
25
3'Ac
*
—
Jan
20
18'A
86
12,.
5% "5%
25
100
preferred
Central Pat Gold Mines —
Central Porcupine Mines..
Jun
20
National Grocers common—
National Steel Car Corp__
May
Jan A
Jan
60c
40
20
28
5
18
-__2a
Quartz
Carnation Co
Feb
9'A
85%
4
122
27%
Ry
38 %c
10%
Aug
40
Class A
Jan
;,;v 65
100
Canadian Oil Co preferred-
Gold
14
87
/y>
>:
-.115
—
Cariboo
Sep
37'A
•'
100
Canadian Malartic Gold Mines.—
6% Mar
8
1,000
2%c Mar
74% May
>£*.'■:
115
__
Aug
5
Moore
Jan
75
->
•fy'
100
common
A.
Mercury Mills Ltd (New).
Apr
61c
102
14
20
Pacific
29
Sep
Sep
27
115
Canadian Car & Foundry common.:
*
Preferred
_25
Canadian Indust Alcohol class A
*
Canadian
July
'
Sep
32'A Aug
/ 14
—100
—,
15
49c
July
5
26%
—
Canners
Class A
22
Mar
11'A
•
ay
6'/8
common..™.*:."
Canadian
—
-27
♦
,
Jan
Jan
55
.100
Pacalta
of
July
4.15
—
Jan
''9 7
r
-111 112 Ms
6%
___—___50
Canada Wire & Cable class B
Canadian
112 %
*
common.*,
12
__10
Leaf
Ontario
Steamship Lines
8
49c
Ltd
Lake
Gold
Normetal
:
Preferred
Canadian
>
Ltd
Canada Permanent
130
8
1
class
47
59c
Apr
May
May
OiMit.-
8'A
..25
Jan
18
May
lc
35
Ltd
Red
McWatters
11% Aug
Mai-
9
■"3,500
y/y 20 :.v
Ltd-————*
9.30
Jan
34c
•215
Malting Co
8%
*—3
Ltd
Montreal Light Heat Sc Power-
6'A
2,300
2'/2c
5.85 Aug
12,800
_1
Canada
Canada
>
Canadian Gold Mines——>—*
Preferred
6
High
Aug
McKenzie
Jun
July
21
Canada
52
Mines,
Preferred
7'A Mar
Mar
13
Cement
52
McColl Frontenac Oil
Jan
6c
415
Canada
10c
6c
15'A
_
3.15
_
Low
35c
18%
Preferred
May
500
15
Building Products, Ltd
Burlington Steel Co Ltd
350
Massey-Harris
Jan
7
2,200
15'A
*
Dev
3.60
52
„_
Loan-
Preferred
Feb
150 y2
Aug
6
785
&
3.50
100
&
High
Mclntyre Porcupine Mines
> 70
640
Oil
14'A
6% Jan
••••'
Maple
•
10'A
Porcupine Mines, Ltd—
188
10% Aug
128
9%
Dominion
Macassa
Malartic
Sep
9%
Broulan
6.75
B
Madsen
Aug
Brazilian Traction Light & Pwr com—*
British
10
Groceterias
Class
Feb
212
6.20
Buffalo
7.45
Gold Mines,
Jan
224
7
6c
1
Columbia Power class A
5%c
i
•.
6.10
British
7.45
Banking
Loblaw
Jan
Sep
*
Oil™,
7.45
Jun
1.47
May
2'/2c Aug
6.15
American
VAc
125
Bonetal Gold Mines Ltd——:.1
Bralorne Mines, Ltd
—
—
—*
British
Sep
7
.
Bidgood Kirkland Gold Mines——1
Biltmore
500
11
:
91c
Leitch
27'A July
16 Vic Mar
Apr
126
•
1
Secord Candy Shops.
Legare Co preferred..
July
-!<•> 42 >
■v'v ' 7.
212j/2 212%
5
1,000
MacLeod-Cockshutt Gold Mines
128
11
_100
35c
Laura
Jan
14
'Ac Aug
2,916
224
class A
500
1.06
3c
——100
;
'Ac.
c
125
125
212%
7
Sep
21'/a
1.01
High
May
6%C
7c
——100
Son6
&
4
40
.5
1.05
.——loo
Telephone Co of Canada___;
Bertram
50
27
'Ac
1
Bankfield Consolidated Mines Ltd
Bank
Low
4'A
4'/a
27
1
;
High
4'A
*
*
_
——
Mines
35c
Mines, Ltd
Shore
Landed
Range Since January 1
4Va
4'/a
preferred—100
Mines-
Gold
Low
100
—100
Grain
Copper
Gold
Aunor
pfd
—_
Range Since January 1
Low
1
Lamaque Gold Mines
Shares
Shares
Mines
Dufault
Lake
for Week
of Prices
of Prices
Par
Sales
Range
Sale Price
Sales
tor Week
Range
Sale Price
lists
Lake
Week's
Week's
Last
STOCKS-
Sept. 5 to Sept. 11 both inclusive, compiled from official
Last
Unlisted
Friday
Toronto Stock
Fridajr
947
4.40
Jun
Ontario
^
—
Ltd
Shoe
Silknit
Ltd
Co
Ltd—
scrip—
'
May
1.50 Aug
15c
July
20% Aug
75c
3%
24c
24
9%
11
July
Jan
Jan
Mar
Jan
Sep
Monday, September 14, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
948
OVER-THE-COUNTER MARKETS
Quotations
for
11
Sept.
Friday
Insurance
121 %
10
.,46%
Life—
-0 Aetna
—
—
Alliance———
American
;*■
—10
;
28%
Jersey Insurance of N Y——_20
—1
Mfrs Fire N Y—
Merch &
•
.
-2%
12%
Re-Insurance__„ —10
41%
43%
Newark—
55%
53%
48%,
50%
-2%
'
•.
6%
Boston—J—-—~—
—25
i
New
72 >:
507
.
York--—?.
of New
11%
--10 ;,
New
12%
.
Connecticut General Life- —10
25%
2a%
.—5
32%
34%
34%
52 %
36%
Continental Casualty—:—
'—
—10
Phila————10
Federal
Fire Assn of
'
"■
V
,
River_
North
Northeastern
*
vr* "
V • w
►
- -
-w
—2.50
——_—w_5.
4.72
Bond Trust ctfs.
36%
Trusteed Amer Bank Shs—
1.55
Trusteed Industry Shares—
Amer
of
Firemen's
Newark
•
4
■
1956——i— —-1
1.83
1958
—1
1.48
78%
Fire—--—-———25
Indemnity- Co.——10
Phoenix ——_—i—10
93.
V
Pacific
10%
9%
=
-
—5-
Reinsurance
25.
26%
22%
23%
-10
—_———
—
(NY)———2
5%
6%
—10
20%
————5
Homestead
Fire-'..
——10
Insur Co of North America—10
18%
Marine——62%
—10
254
43'A
Corp
Paul Fire &
.
►
National—fc„r—13.55
%
U S
L——100
_——
Bank of New York.
424
414
26%
42%
100
f 290
—
U S
11%
x38 %
55%
Exchange Bank & Trust_20
33%
American
American
72%
75%
29%
'
_10
Fire———2.50
Guarantee.:
Westchester
45%
——20
Bank & Trust——10
'
30% "
,
Corn
—
,
,
—100*
——^—r—
Automobile
10.43
4
K
/
4%
.
ACommon"
—
4.20
4.63
5.27
2%
3% ;'
4% /'
Mining
shares—4.42
3.97
2.60
Fund Ltd
19.71
10.43
———
11,44
vr
shares—.
*
!•
■
...
1
Century Shares Trust
•
Chemical Fund——————1
'
22.68
Inv Fund Ltd
.
"
2s
■
(a—Feb
Mar
Apr
—r
.
Preferred
Commonwealth Invest
Consol Investment Trust
'
1944—
Call Jan. 3, 1943 at
2.45
Securities
Institutional
>12.93
13.90
1.62
Cent 111 Pub Serv 3%s,
1.22
1.86
Series
1
;
1
ji.j.1
4—1
Accumulative series
Series
mod.
AA
Series ACC
mod..
a—.
1.65
Bank Group shares——
-Insurance Group shares—>
1.99
Custodian Funds—,
Keystone
ACrum
A8%
Crum
& Forster common—10
100
24
118
preferred.j.
-
A7%
B
v
15.29
Diversified Trustee Shares—
7.32
8.06
11.62
12.76
10.24
11.29
9.92
10.89
7.70
Dec
2.60
Mar
K-1-—';.—
■
Series K-2
—
.
.
-^—
—
S-2——
Series
-Series
S-4-
Series
—7.—T——3—7_1~2~50
Shares
Dividend
2.34>
■
——;
4.60
91c
Loomis Sayles Mut Fund
1.00
4.05
25c
0.75
1%%
1,1944
Feb
notes
100.10
100.2-
'
100.26
0.65
100.25
;
100.25
100.21
Issuet
Other
U S Conversion 3s—
100.23
10C.27
-
i 107%- 108%
.1946
3s__—
.1947
U S Conversion
,
Panama Canal
.1961
3b
109
-v
110
127-
129
-
102%
Public Service of Indiana
3%S
90%
1962—
98%
;
107%
:—-
Bid
Ask
101%
102%
Ask
■102%
1971-—
,
91 %
98%
108
-
>
;
,
1972-^—
Gas-Pipe Line
Southern Natural
3%s, 1956—
——
Virginia Public- Serv 5s 1957—Wisconsin Pwr & Lgt 3V«s, 1971
-
104%
104%
100%
100%
104%
105
decimal point represent one or more 32ds of a point
Bid. Ask >
Maturity^
—
Int. Rate; P.id
%
100
100.2
Mar 15, 1945
%% .100.12
1%%
100.11
100.13
tMarlo, 1946^
1 %
99.2
%%
100.2 .-100.5 *
$Dec 15, 1946—-—^— 1%%- 100.3
1%%
100.17
100.19
Nat. Defense-Notes
1
%
100.19
100.21-tSep 15, 1944———
.%%
99.16
1%%
100.27
100.29
- tDec 15, 1945%%
98.28
1
%
100.23
100.25
Certificates of Indebtedness— n t
15,-
22.41
B-4^„„—
—_ju
2.65
D
*
'
100.22
.
0.60
100.21
100%—
1972
<
Maturity
;
Sep
15,
Dec
15,
1943_i
Jun
15,
1943-:
Sep
2
1942—
IMar 15,
Loomis
*■
70.56
72.00
15,
Sayles Sec Fund-.-—_10
28.71
1943194315, 194415, 1944-1
—-ry-:
Sep
15,
Ask
Int. Bate
1942-
Jun
.
14.14.-
Housing Authority—
Figures after
29.51
24.56
16.23
Series
3.40
•
8
100
100.8
100
——w—.Oct 15, 1942
July 15, 1943
Apr. 15, 1944
——
Quotations For Ut S. Treasury Notes
8.40
,
26.93
.
—
B-2—
B.^3——
Scries
110
—.1
Fund—
Delaware
3%s,
17.79
14.83
B-l—
Series
24%
100
preferred.
Cumulative Trust Shares
(
Series
.10
shares
0.50
~
0.75
2%s 1952-v——
Electric
S-3—6.97
Series
& Forster Insurance—
A Common
(R H)
Macy
1.99.
22
11%
11.94
75c
1.08
.10.89
^
68c
98c
Investment Ca of America—ilO 16.37
Investors Fund O-——i———1
8.21
1.65
AA
Ask
100.2
Ltd—
Group shares—,
Aviation
-
1.73
i,t„ J.
Quotations For Recent Bond Issues
Penn
*
1
Corporate Trust Shares
0.65
May 16, 1943
CaU Nov. 16, 1942 at 100y<-
15c
5c
xl.12
Incorporated Investors
5
Independence Trust Shares—•
1820 v.
135;; 140
3.11
3.38
27 %
29%
1720
—100;
1
—1
11%%
99.31
-
—
Empire Gae & Fuel 3%s,
com—jlOO
Securities
Christiana
t%%
100.5
U
lf 1943
1,1943
l%s Jan. 3,
Income
8.66
,
3.32
.;',T'
1
Foundation Fund Inc
Common —10c
1065
3.91
2.21
Holding Corp—
2%
»
1025
-100
—;
Bid
Bid
24.39
2%
Trust—12
-
71%
69
2.85
3.01
53%
168
158
Ask
99.29
2.90
.
8.00
"
—
shares
p"
*
Utility
AHuron
2.30
Canadian
2.58
3.54
I Steel shares——————
18.23
5
Inc
——
I
Equipment shares
RR
12.61
11.73
States
United
Federal Natl Mtge Assn—
'
4.38
2.87
shares—"
shares
Railroad
ilu-.
,-2s
4.87
Tobacco
Bullock
6.25
4.14
t%s-
;
6,79
3.53
3.20
bond shares.——. V; 5.68
Merchandise shares—3.75
2.66
5.:,"
Fund Inc.———
Broad Street Invest Co
-—
35
51%
20
—25
Title Guarantee &
;
48%
240
235
1,1942
1,1943
Sep
—
Equipment.-—6.17
,
-27
33%
100
& Co—
New York
Loan Banks—
Home
t%s
Petroleum
-^10
Federal
t%s
5.75
3%
.
.———5
Shares.
3.94
3.57
,
Food shares—————————
—1
Industry
Basic
Boston
4,72
t
General
"
—
preferred.:
A6%
4.28
,
6.33
; EleCtrical
24
20
———
(J P)
Morgan
12
100.3
1,1943
—Feb 15, 1945
—May
%%
;tl%%
" Chetnical shares.—_r—:—i 4.78
K
10,05.';
Investing—'
Bankers Nat
shares——————
AViation shares—.;
Building shares-—
v
.
■
9.35
Axe-Houghton Fund Inc.—r-l
j
shares—
^Agricultural
2.55
9.51
Preferred
39 Va
Commodity Credit Corp—
?. ..."
...^
■; 1160
Reconstruction Finance Corp—
'
Group Securities—
Ask
11%
.
10%
1110.
25
Lawyers
——
Manufacturers common-
59%
Ask
Bid
6.45
1.99
Bid
10
100
Obligations Of Governmental Agencies
Par
14%
2.32
Stand Oil Shares———2
Assoc
28%
34%
50
100
Central Hanover
"
13%
Corp
26%
Companies
Irving
—Kings County——-—
79%
_10
76%
37%
10%
,
40 Vi
*—10
——
Brooklyn
44%
Ask
1.82
—10
Business Shares
1
Foreign Investing_10c
Holding
AAmerex
-
Par
300
28 %
———"-—4
Bid
Continental Bank & Trust
63%
5.93
1
,_1%;.
Affiliated Fund Inc
.17%
Ask
Par
,
Bid
Aeronautical Securities—
24%
27%
-12%
Public National
-160%
,
*
54%
Fidelity & Guaranty Co—2
U S Fire—
28 %
Bid
Par
National Cily——
26%
25%
152%
New York Trust
36%
118
Investing Companies
1
1220
.
45%
Guaranty
■'
Ask
Bid
1190
-100
of N Y—
First National
16%
262
Empire
;
10%
19%
34%
114 >.
;52%
Haven—'——10
Security New
Springfield Fire & Marine—.26
Standard Accident—,——10
45%
26%
10%'
62'A
-
48c*
8%
1
-;
.
.
22%
—10
Ask
Bid
v 15% "
—10
Commercial National-———100
Chemical
Home
Corp
Boston
First
33c..
1,
10
& Co
■
.*'V*-»-•«' Par
of Manhattan Co
Bankers
42%
Inspect.-lO
A
; ^
Corporations
30%
Seaboard Surety———
Travelers
Hartford Steamboiler
7.36
J
"
Investment Banking
!•
A Blair
2.98
Bank
88%
85%
—10
Fire—
Hartford
'
V
74.24
9
8
St
Hanover
13.63
New York Bank Slocks
14%
28%
Republic
(Texas)—
Revere (Paul)
Fire
39%
X37%
5
American
Great
2.80
"
6.75
40%
.12'
■
Providence-Washington —..—10
14%
13%
5
5
Fire—
Glens Falls
Globe & Republic
:
^
Par
41%
39%
Marine—10
-
•-
12.35
4.93
2.48
-j2%
Chase
Gibraltar Fire &
;
,
'
4.20
Selected Income Shares—: -A-l
»;
—5
Fund-——_i
Wellington
>''
24%;.
23%
Preferred Accident—.
General Reinsurance Corp
■;
10%
1.02
11.50
'»
,
5.92.
5.41
:...—
Pwr Shares A
U S El Lt &
35c:
10.75
—i-—-
81%
C
Series
:
16.86
15.42
Bond Fund series B——
Union
72.76
92%
68c
66c
.25C
79
88 %
38%
30c
Plymouth Fund Inc—ii— -10c
1
Putnam (Geo) Fund——
I\*
<1
33c
.25c
—
1.87
<
Series
-
4.10
B
Class
/
1953—,—
—„1_—.
54%
90..,
>
5
Fire-"————
Franklin
-
Trust shares
Amer
Selected: Amer Shares—
22%
,
■, ■
4.11
5.21
Fund, Inc
75
—-———-12.50
Northern
' v
21 %'.
3%
^
Pacific
—25
5
Fd of San Er_,
Fireman! s
'
14%';*
Oil Shares—
Stand
—L_-i—i
Quarterly Inc Shares-^— -IOC
Republic Invest Fund—— -J—1
Scudder, Stevens & Clark
41%
1.59
ASeries B
,r
28%"
' x39%
York Fire—___—5"
13%
New
19%'
26%
Brunswick—
—10
Hampshire Fire_±£._10
New
City
.
527
18%
—J-————5
Fire—
21%
—.
ASeries A
Series 1955____.———. —_1
,
*
—
1.66
D
Trustee
153%
148%
20%
20
Amsterdam Casualty—_2
National Union Fire„'
7%
69
-100
7.31
C—
ASeries
3.55
North
7%
6%
e.-
ASeries
-
Railroad equipment——
—
Series
Bankers & Shippers——
Camden
———2
National Liberty
.
American
Baltimore
-
9%
10
—
Surety-----—
American
t>
8%
—25
Reserve—
•
6.24
4.64
Series
-if American
6.67
3.21,
No
'
—10
National Fire
1.75
-
Trustee Stand Invest Shs—
4.20
Railroad
6%
61.61
56.91
«
Ill
Super Corp of Amer AA—;
9.16
5.66
:
Investment Corp.:. ;
St
State
Steel i.
43%
40%
5%
5
4
,
13%
American of
American
8.33
6.06
stock—
Metals
6.64
1714
r-p
6.18
11c
9c
7.46
5.61
Machinery
;.
■■C'C
,*6.78
11.65
;
50c
Standard Utilities Inc
4.88
5.36
10.96
Spencer Trask Fund
7.31
4.42
equipment
Insurance
64%
21%
15%
—5
61 Va
Bonding
6.64.
!
Chemical
2%
1%
12 %
Casualty--
Maryland
Massachusetts
Merchant Fire Assur
^ American Equitable—
9.16
Electrical
"i
20
8.33
'
stock
Building supply
8%
7%
—5
Knickerbocker
67
64
25
Agricultural
30%
27%
■
•'
4.38
Bank
48%
26%
./{Aetna
3.97
Aviation
Ask
Bid
6.16
Automobile
Par
125%
10
—10
Casual & Surety-—
Aetna
Agriculture
Ask
Bid
Par
Companies
4.82
—1
Sovereign Investors-:
6.78
Ask
Bid
Par
Ask
Bid
Par
York Stocks Inc—
New
%%
1
1944.
29.30*
100.14
v
%
•
100.12
101.2
t%s Nov-1,1942——
-100.14
100.30
V
-
•
.
t%s Feb. 1,-194%—
t%s Aug 1, 1943—
—
99.4
♦100.5
99.18
98.30
0.35
b0.38
b0.51
0.49
0.75
b0.77
Eaton & Howard—
1
15.20
16.15
Manhattan
l
8.97
9.53
Common
Equitable Invest Corp (Mass)_5
Equity Corp $3 Conv pfd—
1
20.95
22.53
Balance
Stock
Fidelity
Fund
Financial
First
Fund
Fund—.
Trust
Fund
15%
16%
Mass
Investors Trust—
13.03
14.01
Mass
Investors
Inc.
.1.24
1.37
5
4.56
stock
Trust
A
1.44
1.71
(Colo)
2.30
2.67
(Md)
10
Shares A
3.80
15.31
7.25
16.46
7.80
7.32
8.00
Fund—1
Fund
Inc—
10
•
2.70
3.15
14.35
15.73
Fundamental Trust Shares A..2
3.43
Inc
_
*
,
24.0.7
4.17
3.76
23.88
4.06
quoted are for discount
Rates
•
25c
1
series-
priced bond series
—r
Preferred stock series—
New
England Fund
6.44
3.44
——
3.81
4.86
5.23
1
Oct.
9.40
'
10.14
NOV.
0.25%
Nov.
b0.375
0.32%
NOV.
b0.375
0.32%
Dec.
b0.375
1942
0.25%
b0.375
0.32%
Dec. 9,
h0.375
J
Cash
bonds
■
■
.1
-'i
■>
,-f -i
.
C
tJ
•
t
0.35%
b0.375
■
0.35%
b0.375
par value,
a Odd
lot sales, b Yield price, d Deferred delivery,
Sale—not included in range for year.
*x Ex-dividend, y Ex-rights,
subject to all Federal taxes.; A Quotations not furnished by sponsor
are
0.35%
b0.375
1942—
0.33%
b0.375
2, 1942
0.33%
b0.375
1942.
1942_
194225, 1942—
12,
18,
0.32%
b0J175
1942_
•No
5.37
5.79
21,
4,
Nov.
0.25%
b0.375
14, 1942—
Oct.
28,
b0.375
16, 1942-—
17, 1942
Sept. 30, 1942
Oct.
7, 1942
Sept.
4.82
5.84
series--
.Income
Oct.
Sept.
1.01
4.46
Ask
Bid
2.55
91c
Bills
at purchase
Ask
Treasury bills—
National Security Series;—
Low
3.16
•
III
series B shares
voting shares
National Investors Corp
Bond
General Capital Corp
General Investors TrustI
United States Treasury
6.79
1
Invest
1
2d
Bid
10c
2
B
Invest
Mutual
loo
series
Fixed Trust Shares
Foundation
3.15
Natibn-Wlde Securities—
Bank stock series
Fundamental
6.85
,_10c
l_l
5.03
Fiscal Fund Inc-—
Insurance
7.54
10c
Maryland Fpnd Inc-^
•
Inc..
Industrial Fund,
Mutual
"
Bond Fund Inc—
0.35%
r Canadian market.
tin default. JThese
or issuer. •
> r i"
in
i-
-r'?
1 > t,
Volume 156
!
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
'
(Continued from
■
949
1
'
920)
page
>
Per
When
* «
'
■
Name of
Holders
Company
per
frhen
share
Payable
.
■
Holdert
Per
ofRec.
Name of
When
share
Company
Payable
•
:
Hame of Company
share
liickok Oil, class A (quar.)
Class B
_
(quar.)
preferred
preferred
Hinde
Dauch
&
5%
Paper,
preferred
Hinde
(A.)
10-
9-11
9-15
(Canada)
Son__———
Honolulu
Gas
Honolulu
6%
9-15
9-
9-30
9-30
9-11
9-26
9-11
'
»
Humble Oil
Shoe
Co.
6%
;
(interim)
preferred
Hyde Park Breweries Association
Huyler's,. 1st preferredIllinois Bell Telephone Co
Imperial
Life
Assurance
—
(Toronto)
10-
Corp
10-
1
"
10-
1
9-11
"8% preference (s-a)
'■
3%
9-30
9-11
Indiana General Service, 6% pfd. <quar.)__:_
Indiana & Michigan Electric, 6% pfd. (quar.)
$1(4
1010-
9-
2
9-
2
10-
9-15
Indianapolis Water Co., 5%
10-
9-12
pfd. A (quar.)_
Industrial Acceptance, 5% conv. pfd. (quar.)
Industrial Bank & Trust Co. (St. Louis)—
Quarterly
.
$1V4
-
: r
Macassa
Macy
1
Magnin
9-15
50c
9-15
(quar.)_i___»_____^_____» : I SlVs
(quarterly)
/'/V 50c
'•(4(4% preferred (quar.)_z__ir——__
$1W
9-15
9-
12-
5
12-15
12-5
preferred
Inspiration Consolidated Coppers—25c
Institutional Securities, Ltd.—
.
..
- ,
Bank group
International
International
In tern at.
1
10-
1
Mach. Corp.
(quar.)"
$1(4
Machinery Co. (quar;)i_" •40c
Co., com. (quar.)—
50c
of Canada, Ltd. (quar.) * *
50c
10-10
International
Salt
International
Shoe Co.
/
1010-
10-
1
Stores, common;,25c
preferred (quar.)——______
$1%
Interstate Hosiery Mills, Inc.- (quar.);.______
Investment Corp. of Philadelphia (quar.)—
Iron Fireman Mfg. Co. vtc. common (quar.)
Irving
Air Chute
Irving
Shoe
6%
10-
9-15
9-
12-
25c
preferred—*——
10-
10-
15c
1
1.
1
9-
7%
,
Jones
4(4%-preferred (quar.)
(irregular)—
preferred (quar,)_——
Lamson Machine (quar.)___—_____
Mead
5'?(>
(quar._
preferred B (quar.)—_____________
Joslyn Mfg. & Supply, common.—
G'/ii preferred (quar.)__—__—___—_
Joy Manufacturing Co.—;
Kalamazoo Vegetable Parchment Co. (quar.)
Kansas City Power & Light, $6 pfd. B (quar.)
$4.50 preferred (quar.)
Dept. Stores—
convertible pref. (quar.)—
9-10
1
9-21
6"
10-
1
9-
1
9-
9-15
9-
'
class
1
9-15
9-
$6
!
10-1
9-15
1
9-15
10-
9-15
9-30
9,
1
9-
10-1
Series S-3
——
Keystone Public Service,
9-30
$2.80 pfd. (quar.)_
(irregular)
(quar.)—
Kimberly-Clark Corp., common
6c/c~ preferred (quar.)——
9-15
8-31
9-15
8-31
70c
30c
25c
$1 Vi
—
10-
1
9-15
8-29
1
1
9-11
Kings County Lighting Co., 5% pfd. D (quar.)
6% preferred C (quar.)
7% preferred B (quar.)——
——
6214c
10-
1
9-15
75c
8714c
10-
1
9-15
10-
Kinney Mfg. Co., $6 non-cum. pfd. (irregp.)
Klein (D.) Emil Company, common
.____
$1^
25c
10-
(I. B.) Rubber
30c
'
—
special
preferred
second
preferred
9-11
8-21
9-14
8-21
10-
(quar.)„
•
—
1
9-18
11-
1
10-16
$1
10-
/'i
$114
$114
*20c
tlOc
(quar.)
—
(quar.)
Ltd. (quar.)— _________
Lamaque Gold Mines, Ltd. (interim)
—
Banking & Loan
(Hamilton, Ontario)
—
—
4
10-
1
9-22
1-1-43
12-24
9g5
10* 1
10-
Quarterly
9-
;
Mines,
Landers, Frary & Clark
1
(quar.)
1
9-
1.
9-10
9-10
,
*$1
3714c
10-
r
9-30
9-15
9-18
Lendis Machine Co.—
Common
7%
7%
—
(quar.)„
(quar.)_
——.—
;
Lane-Wells Co.
Lang
(John A.)
—;
& Sons
—.
(quar.)
:——
25c
$134
$134
11-16
11-
5
9-15
9-
5
15c
9-15
17l/ac
12-15
10-
1
12-5.
8-26
9-15
Langley's, Ltd.—
7%
convertible preference
Lava Cap Gold
La
70c
class
A
Finance,
&
$2.50
(quar.)—
(quar.)
Lawyers Title Insurance Co.
6% preferred (s-a i
Leath
com.
Company,
preferred
12-11
2c
334c
9-30
9-30
9-25
1714c
Mining Corp
Industrial
Salle
$50c
(accum.)
9-30
9-25
12-
2
9-19
(Richmond, Va.)
—
common
(quar.)_;
^
Lehigh Portland Cement Co. 4'A pfd. (quar.)
$1
12-31
12-24
50
9- 1
,
9-21
North Star Oil,
Northern
9-10,
Northland Greyhound Lines, Inc.,
$6.50 preferred - (quar.)___,
11-30
11-28
9-30
Tr.
10-
9-18
1
9-11
9-
.
7%
9-15
0-20
1010-
1
10-
'
8-31
pfd.
$3
9-15'
Omar,
9-15
9-
1
9-16
1
(quar.)_L_
9-30
9-12
9-
5c
9-30
10-
1
1
10-1
9-15
10-1
9-18
(quar.)______—
(initial)
(Mass.)
P.)
Motor Finance
Motors
Acceptance Co., 6%
Brass
Co.
pfd.
(reduced)™
Muncie Water Works,
Murphy
(G. C.), 5%
Murray
Ohio
8%
Manufacturing
Muskegon Piston Ring Co.
Mutual Bank & Trust Co.
Quarterly
Mutual
6%
6%
(quar.)_
Co
Chemical Co.
of
System,
Inc.,
(irregular)-
>
9-18
.
:
I;- / 5% preferred (quar.)
Pacific
Pacific
10-
1
9-20
Pacific
Public
10-
1
9-19
10c
10-
1
9-19
50c
9-20
10-15
11-
1
9-15
10-
1
10-15
10-
1
9-15
9-15
9-10
9-15
10-15
9-
I
9-15
9-11
8-31
8-31
12-
1
11-10
12-
1
11-10
12-
1
11-10
31 Vic
$1(4
9-15
10-
1
1-2-43
10-
1
8-31
10-
Indemnity
preferred (quar.)
(F. E.) & Brothers Co
10-
1
9-15
10-
1
9-15-
Nachman-Springfilled; Corp.
10-
1
9-14
Nash-Kelvinator
1
11-
2
10-15
i
20c
11-
2
10-15
i
11-
2
10-15'
50c
10-
1
(quar.)__
Co.
—
:
6%
$1(4
10-15
50c
9-15
9-
10c
9-28
9-18
Service
preferred
(quar.)—__—.—
Ltd. (quar.)—_______
Paraffine
Cos. common (quar.)__
preferred (quar.)___„
Paramount Pictures, Inc. common (quar.)
1st
Park &
Parker
preferred
Tilford,
Inc.,
6%
conv.
pfd.
9-
(quar.)
—_—
—_—
8-31
Penney
9-30
9-18
9-15
.9-
Pennsylvania-Dixie Cement Corp.—
$7 convertible preferred series A—
Pennsylvania Edison Co., $5 pfd. (quar.)___
1
10-
1
9-19
9-30
9-11
50c
9-15
9-11
12-15
$2.80
(quar.)
—
$1.20 p.d. class Afquar.)
(J. C.) Co
preferred
(quar.)
5%
preferred
$1(4
9-28
9-17
12-28
12-17
3c
10-15
9-30
—
—
(quar.)—
10-15
9-30
50c
9-25
9-15
25c
9-30
9-lf
12(4c
9-25
A-
8-31m
tic
1-14-43
9-21
9-14
50c
50c
9-10
9-
1
1
9-15
;
2-43
12-15
{
101-
12-31;
11-
Peoples National Bank
9-15
9-
9-30
9-14 ;
(Bklyn.)
5.1
2-5-43
f
I!:
8-311
j
$1V4
10-
1
9-10
'
70c
10-
1
9-10(<
20c
10-
1
9-15
10-
1
9-15 I
t50c
9-15
9-15
8-31
1
9-15
$1
10-
1
9-15
$1V4
10-
1
9-15
35c
10-
1
9-8
(stk. div.)_ 19.047%
10-
1
8-25
9-30
9-25
(quar.)
—
(quar.)_
(irregular)-,
Peoples National Bank
2-15-43
30c
10-
$5.preferred (quay.)——.
Peoples Drug Stores
11-15
62 (4 c
Pennsylvania Telephone, $2V4 pfd-
C^tarterly
9-15
$iv2
Pennsylvania Water & Power, com.
.
i
$l3/4
$1V4
—
Pennsylvania Glass Sand Corp.—
Common
(reduced quar.)_—
12-11
:
8-31
75c
9-15
____
9-16
9-15
35c
Penn Elec. Switch,
2
9-
9-20
$1
35c
9-18
10-
m
9-21
25c
75c
9-4
$2
;
'
75c
25c
Im—
9-15
25c
!
1
9-17
9-29
A
]
9-10 (
10-
9-15
24c
class
9-28
10-15
1
$1(4
$1.40
9-15
1
(quar.)——,—
Telephone (quar.)__
(quarterly)
$1.40 class A (quar.)
1
9-29
1
10-
—
Common
9-15
9-18
10-15
10-
10-
(quar.)—
Ltd.,
(9-30
$iv2
t$l V4
25c
—,
Ford,
-i
9-15 i
$iy2
—
&
1,
—
Manufacturing Co., common (quar.)_
7%' preferred
(quar.)—_—
Paymaster Consol. Mines, Ltd. (interim)
Penick
1
$1
Paton
Peck, Stow & Wiicox
$iv4
10-
9-30 ;
_____
(quar.)
Appliance Co.
75c
50c
4%
6%
9-15 ;
(quar.)_
—.—_______—
Corp., $5 preferred
Page-Hershey Tubes,
9-30
50c
—
9-15
16(4c
Pennsylvania Salt Mfg
v—
1
$1 (4
Peninsular
$1(4
—
-
12-31
America—
(quar.)
10-
—
(quar.)__!
Pacific Southern Investors, Inc.—
$3 preferred
(quar.)______——
Pacific Tel. & Tel., common (reduced quar.)_
"9-11
50c
!
30c
_____
Mills
35c
(St. Louis)(quar.)
common
Corp.
9-15
9-10
9-20
30c
-
.
5
9-30
9-21
9-19
$1(4
preferred (quar.)
preferred (quar.)
Mutual
Myers
—
preferred
I
i
10-
$1(4
preferred____
9-10
3c
1
12c
(quar.)
1
15c
1
$1(4
(quar )__
i
10-
25c
10-
$1 Va
Corp., $5 preferred
i
8-28
Sugar Plantation——
Paauhau
,
10-
$2
Mortgage Bank of Colombia, American shares
H
9-15;
8-28
9-21
8-26 ■»
t30c
$2.25
Co
1
9-21
8-26
$l3/4
t$l
(J.
10-
25c
$iy2
1
(quar.)__—_
$2.25
7% partic. pfd. (final)
8-31
t50c
(quar.)
t$l34
—______
9-15:
8-31
9-15
$$1V4
(quar.)___
1
9-15
1
Preferred C
(quar.)—__
(quar.)—_
10-
12'4c
43 %c
10-
Preferred A
50c
(quar.)
Co.
$2
j
'
$134
—
9-19
10-
9-18
(quar.)__
,
9-15;
9-30
$15c
10-22
——________
(s-a)__
$4 preferred C (s-a)__—
Montreal Loan & Mortgage Co.
9-30
'
uva
10- 1
50c
$4.50 preferred B
$1%
$iy2
(quar.)__
(quar.)
(quar.)__u_______-__
11- 2
2(40
———
9-15
—.___
$1(4
_____
part.
9-30
(increased)—
(quar.)——
37(4c
(quar.)_
common
9-15'J
75c
Railway (quar.)
Heat & Power, com.
Light,
$20c
(quar.)—
j
8-311
:
common
preferred
t$l%
——
Cottons, Ltd., common
Moran Towing Corp.,
Co.
Pacific Lighting
quar.)
8-31
9-15
9-30
Electric
5%
9-21
$1V2
& Debenture
Loan
preferred
Ottawa
*9-15
.
Pacific Can Co. (quar.)——________
Pacific Coast Aggregates
Pacific Finance of California, com. (quar.) —
,
9-21
10-
9-io:?
35c
—
prior preferred
preferred (quar.)
6%
Ottawa
9-25
$1(4
5ij
9-19
,
common
(quar.)_
.6%
2
$134
$1
Co.,
convertible
Otis Elevator
—
9-19
25c
1
9-
43 3/4 C
*'
Inc.,
Ontario
9-16
9-16
10-
9-
9-15
$i%
Gas
Omnibus Corp., 8%
preferred (quar.)— _—
Oneida, Ltd., common (quar.)
'Jr.if 7% participating preferred (quar.)___—_
1
10-
10-1
9-10
9-15
40c
(quar.)
Natural
preferred
$5.50
■
6(4c
,
preferred
Oklahoma
8-31
50c
10-
$iy2
$iv2
%•
*:t
preferred
"
50c
9-10!
9-10
(irregular)-—
(quar.)
prior
9-15
1010-
(Qklaljoma Gas & Electric, 6% pfd. (qUar.)_
8-31-'
"" 8-31
10-
40c
$iy2
preferred (quar.—___• :y:
..:r($1.75
9-15'
9-15 1
$1(4
,
Ohio Oil Co., 6% pfd. (quar.
Ohio Seamless Tube Co., com,
*8-3.1.
1
1
;
<'.6%
9-15
1010-
$1.80
(quar.)—__________
' 9-21
1
$1(4
8
1
'
9-15
$1%
t5%,- pripr. preference (quar.)_—
9-16
1
10-
8 1
9-
$1.65
(quar.)____——_—_____
common
10-
$1(4
(quar.)________
(quar.)—
preferred
9-24
$iy4
_1
(quar.)__
preferred
preferred
Ohio Finance,
1-4312-20
10-1
preferred (quar.)—
$4,50 pfd. A (s-a)—
Morgan
8
1
9-
5
4
1-
"
9-
9-
10-
1
12-21
9-15
9-
$6.60
9-30
I
12-30
9-24
$7
9-25
'
9-23
15c
Ltd,
9-15
9-15
1
10-
,
1
9-30
50c
1
$1(4
$l3/4
_________
(W. R.) Dry Goods Co.
10-
;
{
9-21
9-14
50c
12-
$1(4
Quarterly
1
1
t50c
12-
$1(4
•
(quar.):
(quar.)
10-
10-
class A_—____
5
$1(4
pfd.
Monsanto Chemical Co.,
Moore
Ohio Brass Co.,
•:
ClaSS B
'
5
$13A
9-21
40c
7V2c
common;
Ohio Confection
12-
62(4c
...
(quar.)—___
Co.,
$6 preferred
y__,
1
1-
Co., $2.50 cla§s A common*
Ohio Edison Co., $5 preferred
(quar.)
—
1
•
.
9-
7V2c
Corporation,
Sugar
12-
87(4c
A
•--*-«
7%
Common
Oahu
10-1
(s-a)___—__
class
9-10
8
$7.20
preferred (quar.L
Montgomery Ward & Co., common
$7
8-29
9-21
9-
(St. Louis)
(initial)_—_______
Co.
9-25
9-15
Chemical, $3(4 preferred (quar.)____
Monroe
10-1
Nu-Enamel
30c
______
Monarch Life Ins.
(quar.)_
5
75c
10-
Cement
1
50c
•
4
25c
A
Portl'd
Rubber,
9-
1
$8%c
_—
_________
common*,
4
'
(quar.)——■
class
&
(accum.)
9-
1
of California—
(quar.)_
Co.,
Tire
pfd.
(irregular)
9-
preferred—________—
Steel
9-10
8-31
$2
Rubber
9-10
10-
9-15
$1(4
Manufacturing Co.
10-1
75c
»'
9-20
Products, common.---,*.-
Pressed
7iyec
com.
9-15
50c
Extra
Modine
8-31
50c
Containers, Ltd.—
Mohawk
8-31
pfd._____.__— t$i.3iy4
Nova Scotia Light & Power Co., Ltd. (quar.)
$$iy2
25c
preferred (quar.)—1
Moline
9-19
9-15
for
com.
_____________
7%
Gas
Northwestern States
Corp. $2 conv. pref——T25c
Ltd.
Ltd.,
Natural
Norwalk
9-15
Containers,
$2 (4
2
—
(quar.)___j__
9-17
9-15
Modern
preferred; (quar.)
preferred
9-18
10-
9-15
5(4%
8-20
10-
9-9
6%
'
'<■
9-15
,
9- 9
534%
div.)
American
—
J3c
(quar.)•
(quar,)___—__________
(increased
North
9-30
1
Common
of
9-15
25c
(reduced)
Mfg.
shares
1
1
&
9-15
$1
9-4
11-
(Payment is subject to approval of
5,.
10-
preferred
Detroit- Edison
1
——.
$1 prior pref.
9-30
$12
(stock
9-
10-1
Steel
9-15
Trust, ctfs.__
common
9-
f
10-
Tool
V
Co.
of
SEC)'
,..*;•
Bond
9-30
..
25c
—_i_
$6 cum.
Western
&
9-11
11-16
(interim).
Ry. com. (quar, t _______
9-15
•
433Ac:
preferred
87c
$3
10c
6214c
.
1
Mueller
(quar.)
preferred
preferred
share
10-
Montreal
10-
preferred
Landed
1-
1
preferred
0%
9-
$114
$134
—
Laclede-Christy Clay Products Co.—
Lake Shore
8-31.
15c
(quar.)
Lackawanna RR. of N. J.
9-14
9-15
9-21
9-14
$114
(quar.)
Kroger Grocery & Baking—
6% first preferred (quar.)
7%
1
40c
Koppers Company, 6ri> preferred (quar.)—__
(S. H.) & Co. common—
Kress
6%
1
9-15
One
$1(4
Modern
9-11
10-
9-15
Norfolk
10-16
5Qc
(quar.)
35c
Mississippi Vaifey Public Service Cp., com6% preferred B (quar|.)__—
________—
Mississippi Valley Trust (St. Louis), (quar.)
Missouri Edison Co. $7 pfd. (quar.)
9-15
10-
American
9-30
25c
Linesville RR.—
Mississippi River Power, 6%
9-10
25c
Co.
non-cumulative
$7
8-28
1
60c
_
10-
American
North
held.
—
Mississippi Power, $6 preferred
.
North
9-11
2
9-23
(
$1.31(4
common
Midwest Tool & Mfg.
9-18
—
Keystone Steel & Wire Co.
Kleinert
" $2
9-19
1
$1(4
Miller & Hart
8-28
Special'/.——r_—'50c
Kerlyn Oil Co. class A (quar.)——
L—_
8%c
5c
9-19
10-10
11-
$l 14
^
Mines, Ltd.
10-1
1
87c
9-19
9-30
Noranda
10-
Midland
1
25c
r
9-
10-
j
8-29 [
50c
9-15
3*
;
9-16
1
9rl5
$1V4
___
'
9-30
10-
37 %c
4
10-10
60c
Noblitt-Sparks Industries
10c
;_
&
9-
(
j
9-25
10-1
25c
Nineteen Hundred Corp., class A
9- 5
35c
(quar.)____,
Bk.
10-15
Niles-Bement-Pond
9-18
each
,
8-21
$1V2
—
T
9-15
8-31,
.
9-4
9-14
(quar.)(_____
10-1
8-31
,
10-1
$134
$1V4
pfd., (quar.)
common
15c
preferred series of 1940 (quar.)$1(4
preferred (quar.)
————
$1(4
preferred (quar.)$1%
67o
7%
i
9-18'
9-15
cumulative
'
1
9-24.>
3714c
—
.
.
1
1
$l»/4
i_
(s-a)
$5 convertible preferred
(quar.)
Niagara Share Corp. (Del.)—
6%
preferred "A"
(quar.)
5
8-31
3
9-11
9-18 t
Co.—
Mining Corp
Newport News Shipbuilding & Dry Dock—•
9-15
cumulative
67c
9-14
10-
10-
RR.
Newmont
•
9-15:
9-
30c
Telephone Co., 6%
9
9-i2;
9-30
9-25
Transit Co
('•Newberry (J. J.) Co.,
8-29
11-
9-15
Power
_u
& Bloomfield
9-21
Michigan Public Service—
$6 junior preferred (quar.)_—_.—______
4
York
Light &
iquar.)
Newark
9c
preferred
preferred, (quar.)
preferred (quar.)__'
$7 prior preferred (quar.)—_____—_____
$7
.
_____________
Keystone Custodian Fund, series S-l
9-15
15c
&
Queens Elec.
t62V2c
(s-a)
____________
Machine
Miller
(quar.)
9-
11-14
'
.
$1(4.
common_____
Corp—:
&
9-10
1
50c
t$l(4
(quar.)
prior
$5
8-31
9-15
20c
—;
A
New
1
8-31
1
15c
Lackawanna &. Western Ry.—
'__
York
Y.
10-
"
Light, $6 pfd. (quar.)
7% preferred (quar.)
$1%
•:.'
,
Metropolitan Edison,
9-4
Wheel Co.—
convertible
10-
25c
(reduced)
(quar.
City Omnibus Corp.
Common
,y.:
8-31
9-15
.
/ 50c
Quarterly
Midland Oil
.
$1.50
9-
40c
(quar.)__
iJ
Quarterly
N.
12-22
9-15
9-15
15c
Fund, Inc
Acceptance Corp.
preferred (quar.)
preferred (quar.)
Mesta
1,
9-15
—______
Kelsey-Hayes
1-2-43
50c
+
6(4%
Metal & Thermit Corp., 7%
4
9-
■
4
10-
' $114
7% preferred (quar.)—$134
Kayser (Julius) & Co
25c
Kelley Island Lime <fe Transportation—
Kenneeott Copper
New
9-21
...
Mergenthgler Linotype Co.' (irregular)$1(4
9-17
*9-21
9-25
Kaynee Co.,
—
1
$1(4
preferred. (quar.),_,
Dredging
Quarterly
Knufmann
quar.)
9-30
9- 5
10-
$8c
(irregular)
(quar.)
pfd.
Mercantiie-Commdrce
9-10
10-
$l'/2
$1)4
Katz Drug
(Reduced
1*
10-15
50c
—
87c
9-7
9-25
20c
15c
_______
5%
9-
„
" 9-15
preferred (quar,)_i—$1%.
preference (quar.)_i_4__ !
t$l1/2
Corporation,
.5%
10-17
10-
75c
$1%
;
;
,
1
2
9-24
$114
$1)4
preferred A
9-10
v
30c
50c
—__
5^
..,
1
——__
(S-a
9-10
1
9-21
20c
Corp., com. (reduced)
1
10-
,$1%
Jones & Laughlin Steel
10-
,
(quar.)___
common
Meadville" Conneaut Lake
9-15
11-
50c
Special
•
$1%
„
8-31 '
v
(reduced)
Newark
—___
Mercantile
40c
(quar.)
Corp., common
Jersey Water,
8-31
1
25c
Publishing Co
Steel
McWilliams
8
10-
$l3/4
$1.0614
preferred (quar.
Johns-Manville
10-
$2.
,
preferred
Works,
preferred
McLouth
9-15.
10-
—_—
7%
$1V2
.
5(4%
8-31
9-30
Central Power & Light Co.,—
5%',4 preferred (quar.)—$1%
6% preferred (quar.)
$1(4
Common
Jersey POwer &
31 (4c
McKenzie Red Lake Gold Mines, Ltd. (quar.)
McKesson & Robbins, Inc.r common________
Jersey
-
New
preferred (quar.)
—$13A
Navigation Co. (quar.)_.
\ 30c
McGraw-Hill
9-19,
9-30
50c
$1(4
'
Jewell Tea Co., Inc.,
:J
McClatchy Newspapers, 7% preferred (quar.)
(quar.)
!___
11-10
1
9-15
t37V4c
Irving Trust Co. (New York) (quar.)—
Water Supply Co.,. com. (quar.).—
$5 preferred A (quar.)_i_^_^_^'
>
Idea,'Inc.
(quar.)
McCrory Stores Corp.
9
9-1
9-15
75c
Jamaica
-
(quar.)_
Matson
9-25
10-31
30c
~
77c
9-15.
"9-17
10-15
25c
*
(quar.)—
(John),
New
9-15
New
,
Corp.
Alkali
9-30
Hampshire Fire Insurance Co.
lien preferred.___l.___i__„_______
New York
Inc
Asphalt
Mathieson
9-15
New
9-30
(quae.)_______________
Co.
9-15
$1V4
9-15
9-30
(quar.)
Ltd.,
Electric
Mastic
9-15*
1
$1%
—
Interstate Department
7%
Master
8-31
1
45c
pfd," (quar.)
9-19
9-30
50c
(quar.)
7%
Maryland Fund,
t75c
t87)4c
,
8-31 (
9-15
1
10-15
Massachusetts Investors 2nd
Massey-Harris,
25c
;
10-
$7 prior
10-24
(quar.)_____^—___—1
7%
u___
9-11
11-20
New England Tel. & Tel.
,10c
1
Co
Water,
(quar.)
9-17
1
1
■
25c
.__
Marven'Sj Ltd., 6%
y./y *
Co
International Silver Co.,
!___
$25)
Marathon Paper Mill, 6%
Marion
9-10
10-15
(R. C.)
9-30
12-
$1V4
.
9-15
(accum.)f$l(4
Margay Oil Corporation
9-22*
9-26
preferred
(quar.)__"
11-20
preferred-
6%
preferred
1
Corp.—
Co.
Brothers
5'%
9-30 HA9-17
10-
25c
1
.
Ltd.
Co.,
,
t$lV2
(quar.)_—____
England Public Service Co:—/
$6 priof lien preferred.—^
,
Mangel Stores Corp., $5 preferred________—.
9-12
Harvester
Nickel Co.
77o
8-3l'
(in egular50c
Co.
Neisner
t$l%
<
preferred
Company
5 !
10-15 Wl 9-30
12-
—___.-4_i__.____
.•/.(/' ■
& Co.
9-11
prior
New
(Kentucky)—
(quar.)
Mahon
,9-2.
10-
___
1 Payable in U. S. funds
:
9-21
Business
International Cigar
9- 5
.019
shares class A________
Interlake Steamship
(I.)
9-10)
150c
$13A
,
; 9-11
9-215'
10-
—$1%
(quar.);—__n_yy
$1%
&
'
25c
Co—
9-24
9-15
9-30
9-
-11-20
-
Magor Car Corporation,
5
12-15
4(4%
Mines,
t
1
9-25
(quar.)_4_———$1(4
Products
(R. H.)
1
9-15
6%
-
1
,10-20
1010-
12 l/2c
(quar.)
B
Neiman-Marcus
9-30
10-30
50c '
t37c
.
■
8
50c
9-15
"
*9-
t$lV2
9-30
(quar.)
Steel
2C
1
*
National Standard Co.
Natomas
,12-
9-10i
10-
8-28i
9-18
$i*/4
8-20
20c
.
10-16]
9:15
—_____
quar.)
cum., (par
convertible
___i
9-15
9-15
j;
I^TO-17
9-25 )»A
2&c
Co.—
preferred
Metal
•
1
9-15 *J»A
20c
9-30
1
(interim)______
common
Manufacturing Associates
MacKinnon
9-23
1
11-
25c
.
11-;2
1
(quar,)
Exploration
preierred
75c
<quar.)_____!
10-17
25c
9-30
75c
Co.—
8-29
1
$134
t$l3/4
(quar.)-
8-31'
9-15
9-15
11-
$1.V4
preferred
00c
pfd.
25C
!___
6%
9-21
10-
9-30 j
50c
National
.,10-
9-10
9-10 '
Refining Co., $6 prior preferred—(quar.)__
National Steel Car Corp., Ltd.
(quar.)__
National Supply Co* (Pa.), 5(4%.prior
pfd
9-19
1
1
1
-
National Oil Products"—
.
10-
10-
10-15
25c
(quar.)—
Elec. Welding Machine Co.
(quar.)
Folding Box,, com. (irregular)
Grocers, Ltd., $1.50 pfd. (quar.)_J
National/Lead Co., common (quar.)
—
7%
preferred A
(quar,)
11-24
9-30
9-l«
10-
National
■
Common
-
.
Rec|
11-101
10-15
25c
National
•!
of
1
t50c
Casualty (Detroit) (quar.)
City Lines, common (quar.)
A
Holderi
12-
t44c
National
11-24
*
Cement
&
6(4%
77c
10-14
$2
(reduced
Common
Industrial National Bank of Chicago—
Common (quar.) A__
....
(quar.)—
common,
(quar.)
Contained Corp.
(Del.)
Cylinder Gas Co.:
/
National Dairy Products
Corp. (quar.);
9-15
12-10
(quar.)
National
9-15
12-10
Register
pfd.
15c
30c
6%
National
10-.26
11- 2
$iy8
1
1
9-30
"
Cash
$3 conv. preferred
1(
1'
50c
Magma Copper Co._______
10-
$1
1
___
9-30
$1(4
-
V
10-
10-
25c
^
(quar.)_____^
preferred
Lyon
11-
$1%
"
______
6(4%
9-2
$1(4
7% preferred (quar. J
:
—•
/ $1%
Indianapolis Pwr. & Lt., 5'A% pfd. (quar.)_ '$1.31(4
9-
9-12
(quar.)
Co.,
Lunkenheimer
f
9-11
9-15
9-26
$1.10
preferred ($100 par)
5%
9-19
9-30
•
(P.)
preferred
Ludlow
110c
.
1
Class
Wayne)—-
(quar.)___
Theatres,. 7%
Participating
5%
10-
(quar.)—30c
Cement
Common
9-30
12-31
75c
.—
(interim)
$1%
3714c
Breweries, Ltd.,
preferred (quar".)_
7%
i
National
-
Louisville Gas & Electric Co.
Imperial Tobacco Co. of Canada, Ltd,—
Common
(Ft.
participating preferred
Louisiana Land
—
1-2-43
National
8-21
tquar.)
(Marcus)
7%
9-18
t$334
National
8-31
9-10
10c
Star
6%
•
t$334
9-30
9-15
15c
(quar.)__
Chain
Inc.
Lorillard
9-17
9-30
10-15
25c
National
i
1
,
y
Longhorn Portland
'
9-15
;Quarterly
Color
Lone
/
9-21
$13A
-
9-
$1
Pipe
Steel
Loew's
9-15
2
9-25 '
:»•?
Quarterly
Imperial Paper &
1
9-30
9-10
8-22
9-15
Extra
1
t50c
"
Locke
9-18
10-
9-21
9-15
$1.30
capital '(quar.)
preferred
Loew's,
9-18
50c
v
9-
1
RR, Co.—
guaranteed
Joint
8%
9-15
9-30
t$l
$l3/4
(quar.)__
——
Co.
Original
8
9-30
15c
$1(4
(quar.)
Huttig Sash & Door 7%
10-
62»/2c
(quar,)__,—,
common
preferred (quar.
& Erie Mortgage Corp.
9-
5c
60c
50c
Co,
National Automotive Fibres,
National Biscuit Co.
50c
Common
9-18
10-7
+50c
"i,
1
9-18
40c
•
& Refining———.^—
Humphreys Mfg, Co.,
Huron
10-
62(4c
—-•
1
30c
Miami
Lock
20c
9-
Works__;
NatL Life Ihs,
Special
V
——i_•
Houdaille-Hershey, class A- (quar.),
Hubbell (Harvey) Inc. (quar.)__^
4
,
"
-
Locomotive
Little
8-24
'
9-14
u
preferred (quar.)
Liquid Carbonic Corp., commort (qUar.)_J__
4(4% preferred A ((juar.)
r__*
9-23
9-31
8
35c
Link Belt Co., 6(4 %
9-12
15c
9-
Extra
;
5
9-15
9-21
9-22
Corp
Refineries
Lincoln
9-19
1
25c
■
preferred (quar.)
Hoskins Manufacturing Co._:._
Humberstone
9-
10-
______—y.$l(4
Co.—
0%
Lima
'9-15
25c
___^_/
(initial)—
Electrochemical
9- 5
"9-15
9-15
<
30c
:—_—
.
9-25
50c
,
' 37 (4c
—
Co.—
preferred
Hooker
(monthly)
-
1,
10-1
(quart50c
Oil Corp. (quar.)
___i—
Rapid Transit Co.,common:.:...
Honolulu
:
Ltd,
9-11
9-15
10-
$1.05
—_
Mining
10-
.
50c
$2,10 preferred (s-a)
r__
Home Fire & Marine Ins. Co. (Cal.) •(quar.).'*
Dew,
'
25c
:"
Products
$2.25
Salt Manufacturing
Lexington Telephone Co., common (quar.)__
5.2% preferred-(quar.)
Libby-Owens-Ford Glass
Life & Casualty Insur. Ca.
(Tenn.), (quar.)
Liggett & Myers Tobacco, 7% pfd. (quai\)__
Lily-Tulip Cup
9-11
1010-
'1
Homestake
Leonard
9-23
10-
25c
& Fink
(increased)
Leslie
9-23
$1(4
______
Holophane Company, commonzx_r__—
Honey
1
(quar.),.— y/t25c
(quar.)_______,,__:
50c
Co.
&
4
10-
common—
Paper
Holland Furnace
Hollander
__
(quar.).—___
& Dauch
9-
31V4c
(quar.)—
Lehn
4
$1%
(quar.)—
prior
9-
9-15
25c
—__
_—
prior
7%
Lehigh & Wilkes-Barre Corp.
of Rec.
9-15
25c
______
5%
Payable
(Seattle, Wash.)—
25c
,
'
THE COMMERCIAL &
950
7% pfd. (quar.)——
(quar.)
—
Perron Gold Mines., Ltd. (quar.)
Pet Milk Co., common
(quar.) —
4(4%
preferred (quar.)—.—,
.——
Peterborough RR. (Nashau, N. H.) (s-a)——
Petroleum Exploration, Inc.
(quar.)—-
37 (4 c
' J4c
'
25c
Perfection Stove Co.
Extra
;
Co.,
Pfaudler
$1.06(4
87(4c
25c
9"15
9-15
10- 1
10- 1
25e
$1(4
$1(4
$1(4
:—-
———
—
Co.———
$5: pfd. .(quar.)———.—.
$5 preference
(quar.)__
:
$5 preferred (quar.)
——
Philadelphia Dairy Products Co.—
$4 non-cum. 2nd preferred (irregular)
$6 prior preferred (quar.)
—
Philadelphia Electric Pwr. 8% pfd. (quar.)_
Brewing
PMl£'dei|)hia Co.
Pfeirfer
Tank, class A——
$1(4
50c
10c
Class A
2(4c
65c
65c
$5c
75c
t$l
25c
——
•—
—
—
214c
-j.
Mills, 6(4% pfd. (s-a)___
preferred (s-a)_
.—
Pioneer Gold Mines (B. C.)
(irregular)
Pitts. Bessemer 6s Lake Erie RR., com- (s-a)
Pilot Pull Fashion
6(4%
$3.59 preferred
Pittsburgh Brewing Co.,
Forgings
Pittsburgh
—.—-
—
Pittsburgh Ft. Wayne &
Common
(quar.)
9-10
9- 9
9-10
9-19
9-30
9-15
12-15
9-10*
9-15
12-15
10- 1
9-15
t$l(4
.
J75c
6% 1st pfd. (quar.)
6% non-cum. partic. preferred (quar.)_.
'
Preferred Accident Insurance Co. (quar.)—_■
Preston East Dome Mines, Ltd. (quar.)——
Price Bros. & Co., Ltd., 5(4%
pfd. (quar,).
10-15
10-15
'9-17
10-15
10- 1
9-15
9-15
9-1
9-19
9-19
9- 3
9-24
9-19
8-25
9-15
9-5
Progress Laundry (quar.)
Public Nat. Bank & Trust
>
20c
—————
,
Public Service Corp.
20c
t5c
$$1%
$1(4
preferred (quar.)——
Gamble 5%
&
10- 1
37(4c
(N. Y.) (quar.)—
of New Jersey— .
20c
9-30
preferred (quar.)————
—
$1(4
6%
preferred (monthly)
....—,—...'—
50c
6% preferred
(monthly)————
50c
6% preferred (monthly)——_—-—50c
7%
preferred (quar.)
.——_
$1%
8%
preferred (quar.)—...—
,
$2
Public Service Elec. & Gas, $5 pfd. (quar.)$1(4
9-15
9-15
10-15
11-14
9-15
9-15
$1(4
9-30
$1(4
$1(4
9-15
9-15
10- 1
9-25
Common
—-
—
$5
preferred (quar.).
—.
Public Service of New Hampshire—
7%
$6
Public Service
common
(quar.)—;
——(quar.).——,—" ■
preferred
1st
Original preferred
Inc.
Pullman,
Co. 5%
9-15
10- 1
9-15
75c
(quar.)—$1(4
— —
—
Oil
v:
:.
9-25
$1(4
25c
(quar.)—————
(quar.)__—
Extra
Pure
$1(4
50e
50c
$1%
pfd. (quar.)
voting (quar.)—
non-voting
Common
7%
,
(Oklahoma), 5%
Corp.,
Publication
9-30
pfd.
9-21
9-10
8-14
8-14
9-15
10-15
8-14
8-14
8-28
8-28
1
(quar.)—
(quar.)
preferred
preferred
$5
9-15
9-30
50c
15c
& Alexander———
Corp. of Canada,
Procter
9-10
10-6
9-15
10- 1
9-23
10- 1
10-15
20c
$1%
$1(4
Chocolate (quar.)
Plomb Tool Co., common (quar.)—
Plymouth Oil Co.———-—;—
Pollack Paper & Box Co., 7%■ pfd. (quar.).
7% preferred (quar.) —
_
Potash Co. of America—
—;
—.
Power
8-31
9-1
9-1
9-1
10- 1
$1(4
Nut &
Powdrell
9-19
25c
75c
$1
$2(4
15c
$l3/4
—
9-15
10- 1
8-31
8-31
9-21
9-15
9-15
9-4
9-21
8-21
8-21
9-10
$1(4/, 10- 1
9-10
Pyrene
20c
9-15
8-31
Quaker Oats Co., common (quar,)
—
,
$1,
9-25
9-1
6%
preferred (quax.)___...
——
$1(4
11-30
11- 2
Quaker State Oil Ref. Corp
25c
9-15
8-31
Raybestos-Manhattan, Inc. (quar.)—
37 (4e
9-15
8-31
Ray-O-Vac Company, common (quar.).—
25c
9-30
9-15.
8% preferred (quar.)
————.-../'
50c
9-30
9-15
Reading Co. 4% non-cum. 1st pfd. (quar.)—
50c
9-10 > 8-20
2nd preferred
(quar.)
50c
10- 8
9-17
Reed-Prentice Corp. 7% pfd.
(quar.)———
87 (4c
10- 1
9-15
Regent Knitting Mills, Ltd., common
t25c
9-15
8-31
$160 non-cumulative preferred (quar.)—
$40c
12- 1
11-16
Reliable Fire Insurance Co. (Dayton) (quar.)
90c ,10-1
9-24
Reliance Grain Co. 6(4% pfd. (accum.) —
t$l3/a
9-15,
8-31
Remington Rand,- Inc., com.
(interim)—.
- 20c
10- 1
9-10
$4.50 preferred (quar.)—
——.,—
$1(4
10- 1
9-10
6%
(quar.)——,
Manufacturing Co..——...
preferred
Fund, Inc.—
preferred A (quar.)
preferred B (quar.)—..
Republic Investors
6%
6%
15c
15c
25c
$1(4
$1(4
$1%
/•>.
————
....——
Republic Steel Corp., common.,.
6%
preferred (quar.).._—————— /
6% prior preference A (quar.).
—,—_—
Reynolds Metals Co., 5(4% conv. pfd. (quar.)
Rheem Manufacturing: Co.
(quar.)——25c
Rice-Stix Dry Goods Co. 7% 1st pfd. (quar.)
$1%
7% 2nd preferred (quar.)—_——
$1%
Richmond Water Works, 6% pfd. (quar.) —
$1(4
Rich's Inc. 6(4% preferred (quar.)—
—
$1%
11- 2
11- 2
10- 2
10-1
10- 1
10- 1
9-15
10- 1
10-1
10- 1
9-30
25c
9-15
50c
10- 1
t37y2C
Robertson (H. H.) Co
—...—37 (4c
Rochester Telephone, common (quar.)—$iy4
4!/a% 1st preferred series A (quar.)_—$iy»
Roeser & Pendleton, Inc. (quar.)————
25c
Rolls-Royce, Ltd., ord. regis,
(final)20%
Rome Cable Corp,
——-- '*
15e
Roos Brothers, Inc. (quar.)
37VzC
Roper (George D.) Corporation (quar.)——
30c
Russell Industries, Ltd., common (quar.)—t20e
9-15
9-15
10- 1
10- 1
10- 1
f$l3/4
9-30
Riegel Paper Corp._
„———.—
Riverside Silk Mills, $2 partic. A pfd. (quar.)
Robbins
,
partic. pfd..——
& Myers, $1(4
—_—,.—
———
—
7%
preferred
(quar.)
—.——
Co.—
Manufacturing
Russell
Co
$6 pfd. (quar.)—
(irregular)
——
Seaboard Oil Co. of Del. (quar.)—+
Seattle Brewing & Malting Co.
Scranton Electric Co.,
9-25
10-1
10- 1
9-10
9-18
9-18
10- 1
10- 1
9-10
9-10
10- 1
10-1
10- 1
9-15
9-15
9-15
11- 1
11- 1
9-10
9-10
9-10
8-31
8-31
9-10
10-20*
10-20*
10- 1
10- 1
9-30
9-15
9-30
12l/2c
$iya
$1
50c
$iy2
50c
25c
2c
Brothers,
(quar.)_
10- 1
10- 1
9-15
10-15
—
Sharon Steel Corp., common
preferred (quar.)
Co. (quar.)
Sheep Creek Gold Mines, Ltd.
$5 conv.
<F. G.)
Shattuck,
Extra
(quar.)
—-
-
Sheller Manufacturing Corp.
$iy»
10c
$4c
tie
5c
(resumed)
10-15
9-18
preferred (quar.)__
f 15c
11- 1
f$l3A
——__—
,u
.
i
:
r
:
:
1:
>
-i
•'
' -T
10- 1
»f
v
50c
Packing
(quar.)—10c
—
25c
—. —
5c
9-30
9-15
. 9-25
10c
9-14
8-29
& Gas-— •
(quar.).:
SlVa
9-30
62yaC
10- 1
37VaC
...—34%c
37'/aC
original preferred (quar.)
preferred "C" (quar..).....
6% preferred B (quar.)
Southern Canada Power Co., Ltd.—•
5%
5'/o
10-15
10-15
9-15
Southwestern
—
:—:— 'i;-. $lMt
10- 1
$1 V\
10- 1
preferred (quar.
i
&
-
preferred (quar.)....:
5%
Ins.
Life
Southwestern
(resumed).
25c
9-15
(quar.).,—..—$1V2 V 9-15
common
convertible preferred
(Ohio)
Oil Co.
Standard
preferred (quar.).......
$1(4
Paper Mfg., 6% pfd. (quar.).—75c
Wholesale
Phosphate
&
Acid
Works (quar.) ....—;
40c
Starrett, (L. S.) Co.
—
50c
$3
15c
Lithograph^—
5%
preferred (quar.)—
5%
preferred (quar.)
Stedman Brothers, Ltd., common
(quar.).—
•
(quar.)—
...
Sterchi Brothers Stores, Inc.,'6% pfd. (quar.)
Stokely Brothers, 5% prior preferred (quar.)
Strawbridge & Clothier $5 pfd. (quar.)
Sundstrand Machine Tool..—.,—A;—....
Sun Glow Industries, Inc. .(quar.)—......—
Sun Oil Company (quar.)——*
Sunset-McKee Salesbook, class A (quar.)—
.'Class
Ltd.
—.———
Co. (reduced)—
Oils,
Sunshine Mining
Sutherland
Swift
Co
Paper
u
——_—
(quar.)—.
Company
&
.
—
Sycamore-Hammond Realty—
r:"-:-.
1
;
ey2% preferred (quar.)——
6(4% preferred (quar.)—
;(
Sylvanite Gold Mines, Ltd. (quar.)
Common
bearer shares
(quar.)—
(
Tacony-Palmyra Bridge Co., common (quar.)
A (quar.)—
preferred (quar.)—.
Talcott (James), Inc. common
5(4% participating preferred
.
Class
Inc.
Talon,
(reduced)
15c
Mining
25c
25c
5%
Tappan
-
$3
$1(4
Roofing Co.
preferred (quar.)..,
Todd Shipyards Corp
...
Tokheim Oil Tank & Pump Co
Toronto General Trusts (quar.)
7%
—
Company,
.—,
Co. (Dallas)—.
(quar.)
—
common
preferred (quar.)—
Truax-Traer Coal, common
———/
7%
preferred
5(4%
...
Extra
■_
Union Carbide &
Carbon Corp
common.—...
—
(quar.).
Pacific RR.
Co.,
common
(quar.)—_
United-Carr
Elastic Corp.
United
United
6%
25c
—
$1(4
$5
v'
,
30c
30c
9-19
9-1
25c
10- 1
9-19
Walgreen Company, common (quar.)_..^_._..;/'40c
4(4% preferred (quar.)—....——
$l«/«
9-19
8-20
(quar.J...
7% pfd.
& Elec. Corp.,
$13A
Gas
i»»...
'•
Co.,
10c
common
,
b "•/'. 7
■.
*.
1 .•
-• •1
1
8-21
8-21"
9-15
9-15
9-15
'8-11
9-5
9- 5
9-23
Ware
7%
9-10
Warner & Swasey
9-30
Warren
8-25
Warren
9-
4
9-
4
9-
1
preferred
5%
preferred
(s-a).—1
9-25'
>
11-14
12-1
11-14
$2(4
12-1
$1(4 /' 9-15
...——
pfd,
9- 8"
9-19
9-21
9-28
10-15
$1%
/,/,',.
....$1(4
(quar.).—
Washington Water PoWer,1 $6
Waukesha Motor Co. (quar.)
(quar.)
8-25'
9-15
9-23
9fl5
10- 1
Wells Fargo Bank & Union Trust Co. (quar.)
$3(4
10- 1
Wesson Oil & Snowdrift
^'■;/,/ 25c
10- 1
West Indies Sugar, 5% preferred (s-a)—_
$1(4
.9-30
West Penn Electric Co., clatss A (quar.)i.4—V$I% /., ■ 9-30
West Penn Power, common..:
—,——>/;/, 25q
9-25
8-29
9-
/ /
Electric—
5%
V
1
30c
50c
(reduced)——
(S. D.) Co. (irregular)...—.
—
Railroad Co„ (s-a)
Co.
Washington Railway &
8-29
1
9-21
12-21
8-14
25c
,
9-15*
9-15
9-15
9-15
9-17
9-15
9-15
8-24
preferred (quar.,,
$1(4
10-15
West Texas Utilities Co., $6 pfd. (quar.)....
$1V2
10- 1
West Virginia Pulp & Paper Co.——.—25c
10- 1
Western Exploration' (quar.).—2(4c
9-20
Western Light & Telephone, 7% pfd. (quar.)
43 (4c
9-21
Western Tablet & Stationery Corp.—
/, ; "
Common (increased) —
—$1
9-30
5% preferred (^uar'.)_..:—.
$1V4 .10-1
Westgate-Greenland Oil (monthly)lc'
9-15
Westinghouse Air Brake Co..
...—.—
25c
9-15,
Westmoreland, Inc. (quar.).:
—...
25c
10- 1
Westmoreland Coal (irregular) ....——..
$1
9-15
Westmoreland Water. $6 pfd. (quar.)$1>4
10-1
Weston (George), Ltd. (quar.)—
J-20C ', 10-1
Wheeling Steel Corp., common (reduced)..
25c
9-15
$5 convertible prior preferred (quar.)....
$1(4.
10- 1
'
'
,
9-15
9-15'
9-15
9-10'
'
9-15
5
9-10
9-
5
8-29
9-11
9-
4*
9v
1
9-
3
9-
1
9-
1
9-
1
$1
10- 1
10- 1
25c
9-17
10-1
9-21
10- 1
9-10
9-12"
9-11.
9-18
(quar,)_.._...l———t25c
......
t25c
10- 1
10-1
1-2-43
9-18
9-15'
,12-15
—$1
$1(4
9-30
11-2
9-15
10-15
$1
11-2
10-15
$1(4
10-31
10-15
$1(4
t$l(4
9-15
9-15
—t$l34
9-15
Winsted
99-
1
6%
/ 7%
5
9-
1
Wiser
'.
Power Co.—
(1897)
(quar.)..—;
Oil
4(4% pfd. (quar.)
preferred—..
Light, 6%
preferred
—
Company
Extra
(quar.)—,
—
-
25c
15c
9- 5
9-15
'
9-15
9-
1-
9-
1
9-
4
9-15
9-15
9-
1
9-
1
8-27
9-
1
9-
5
9-
3
$1(4
$1(4
?10c
25c
5
5
8-31
8-31
9-11.
• 9-1V
9-15
9-15
10- 1
4(4%
-4(4%
prior preferred
(quar.)
convertible prior preferred
(quar.)
Wright-Hargreaves Mines, Utd. (quar.)..—.
Wrigley (Wm.) Jr. & Co. common (monthly)
Common (monthly)
/
Common
Wurlitzer
Yale
&
(monthly)
(Rudolph) Co., 7%
—
.
pfd. (quar.)..
(auar.)__
Towne Manufacturing Co.
Yellow Truck &
Coach Mfg. Co., common...
Class B
———.
(quar.).—
Youngstown Sheet & Tube—
Common
(reduced quar.)—:
_—
5(4% preferred A (quar;).
—
Zion's Co-operative Mercantile Institution—
7%
preferred
Quarterly
Quarterly
9-
8-31'
r
9-18
9-28
9-28
(Alan)
_———
—
9-19
9-
8-31
8-31
10-1
10- 1
Steel Co., 7% preferred—_J„
t$l34
Woodward & Lothrop; common (quar.)—.—
50c
"7%
preferred (quar.)—:—$1(4
Worthington Pump & Machinery Corp.—
1 ,
Wood
,
9-18
preferred
Wisconsin Power &
5
9-
,(quar.)...
Wisconsin Michigan Ppwer,
11-10
.
—-———
Wisconsin Electric
9-12
9-
t———
Inc./.,
Hosiery ,Co.
Extra
1
$1%
50c
$1(4
75c
.—
Wilson Line,
9-19
common
Co..
Motor
Quarterly
9-19
9- 1
$1%
8-25
9-10
,
(quar.)..........
Paper
preferred
Wilsil, Ltd.
.8-25
2 9-15
(quar.)../—;—
:
1
—
Whitman (W.), 7% preferred (quar.).......
Wickwire Spencer Steel Co. (Irregular).....
Wieboldt Storfes( Inc., $5 prior pfd. (quar.).
6%
preferred (quar.)..:.
7%
White
9-10
,
9-11*
9-128-25"
9-15,
9-15v
9-15.
Whitaker
9- 9*
p t»'I
9-21'
9- V
8-15
,
9-15
9-
9-2L
.
,
9-15
9-10'
9-18
.
4(4%
9-30
$1(4
——_—
9-15
50c
Shoals Mfg. Co., common (quar.)—$2(4
preferred (quar.).——.
$ 13/4
$$1
'
Wamsutta Mills
9-21
9-30
$1
9-15
J25c
/Common (quar.) ——
$1 preferred
(quar.)—-———..-™-...
9-21
9-15
9-15
8-15
:/■^; •'■
Gooderham & Worts—
(Hiram)
Walker
9-19
10- 1
9-20
*75c
(quar.)
preferred <quar.)__—'
Building Corp
7%
,
9-19
9-15
9-24
(quar.)
Improvement
preferred (quar.)
1,'
50c
9-15
Investments, Ltd.—
class A preference (quar.)
United
8-29
Wagner Electric Corp. (quar.)—.
Waldorf System (quar.)—....——.
10- 1
9-15
Common
10-15
9-15
9- 9'
10-10
9-15
Fuel
United Gas
8-29
Fastener
9-19
10-20
50c
9-25
9-15
9-15
10- 1
10- 1
10- 1
10- 1
—
(s-a)—
Products, common—
United Artists Theatre Circuit—
5%
preferred (quar.) .....
United Aircraft
9-15
9- 1
9-15
9- 1
9-15
9-5
9-21
8-31'
9-24
9-1$
11-2
10-17
2- 1-43 1-16-43
5- 1-43 4-17-43
8- 2-43 7-17-43
$134
9-30
75c
12VaC
12(4c
75c
10c
95c
$1(4
preferred
4%,
1
9-11
Wacker-Wells
10- 1
$2
1.
preferred
7.6%
Union
•
50c
Investment Co.,
Union
preferred (quar.)—
Vinco Corporation
v
—
Virginia Electric & Power Co., $6 pfd. (quar.) ./'/; $1(4
Virginian Railway common (quar.)...—
62(4c
6% preferred (quar.)
37(4c
6% preferred (quaf.)——.—37(4c
6% preferred (quar.).., 37(4c
6% preferred (quar.)—.—37(4c
Vulcan Detinning Co., common—$1(4
$2.40
9- 5
(Chicago)—
(quar.)
(quar.)
....
$1%
37(4c
(quar.).^
Salle Street Corp.
Quarterly
Twin Disc Clutch Co.
Unexcelled Mfg. Co.
9-15
9-15
9-10
9-15
Co.,'7% preferred (quar.).
Viking Pump Co., common——..———.
9-19
11-14
$134
.
Victor-Monaghan
Film Corp.—
preferred
$1.50 convertible
208 South La
f$l
25c
20c
Victor
12-17
9-15
10- 1
20c
...
(quar.)
Twentieth Century-Fox
50c
50c
Trinity Universal Insurance
Trion
1
1
9-18
10- 1
10- 1
9-15
t7(4c
f$l34
————
——.......
9-14
10- 1
9-15
,,., 9-15
50c
9-21
common
9-?i
5%
.
9- 5
9-15
$1(4
15c
35c
(quar.)—.——
(irregular)—.—
$1.40 convertible preferred (quar.).——
Timken-Detroit Axel (irregular)
Tip Top Tailors, common (reduced quar.).—
convertible preferred
$4(4
Tilo
10- 1
;
Ltd.
■■'Common
9-18
Oii—
Water Associated
Tide
9- 8
9-5
$134
50c
60c
15c
1
9-10
;
9-28
10- 1
9-15
9-29
9-15
9-15
9-15
10- 1
75c
$13A
25c
preferred (quar.)
Thew Shovel, 7% preferred
(quar.)————
Thompson Products, Inc. common.—....—
$5 convertible preferred
(quar.)—.—
Co.
: :
9- 8
10- 1
9-15
9-15
Telephone Bond & Share Co. 7% 1st pfd—
t35c
Corporation
——25c
Texas Co.
(quar.)—.—.——.....———
50c
Texas Gulf Sulphur Co.
(quar.)—
50c
Texon Oil & Land Co..—'
^
10c
Tennessee
Tharmoid
{s-a)/"-_—$2(4
preferred (s-a)—_—$2(4
Equipment, $1 convertible preferred.
t25c
9-30
9-30
11-2
10- 1
10- 1
9-15
9-30
10- 1
10-1
9-15
10- 1
9-25
(G.), Ltd., common (quar.)—
preferred (quar.)..——...
Stove Co
....
Teck-Hughes Gold Mines, Ltd. (interim)...
Teeumseh Products Co.—
———10c
Tamblyn
8-17
9-19
-V'.
* 10-1
9-30
10c
68%c
25c
lc
t20c
J62(4c
25c
tlOc
—
—
Tamarack & Custer Cons.
9-25
10- 1
Inc.
Root,
Ventures,
9-30
10- 1
1-2-43
9-30
$iy»
(quar.)
9- 1
(Interim)...
—.....
$5c
preferred (quar.)
—
t$l(4
Vicksburg Shreveport & Pacific Ry.—
;
/ /./>■„/
.
Iron
Viau, Ltd., 5%
?
:
—
9-15
8-31
9-15
9-30
9-15
10- 1
$iy4
$1(4
f5c
—
5%
;
12(/aC
25c
37yae
37y2c
tl'/ac
15c
30c
30c
,v
(quar.)
B
Sunset
75c
25c
$1V4
65c
62(4c
62 (4c
9- T
9-1
9-5
50c
9-
10- 1
10- 1
10- 1
9-30
10- 1
10- 1
9-21
10-15
9-15
9-15
9-15
t75c
preferred
conv.
$1
Veeder
8-15
9-30
12-31
$30c
Extra
6%
9-19
10-1
10- 1
9-15
10- 1
■
12-.*
8-15
9-15
9-30
$iy4
tl5c
9-28
12-29,
9-15
9-10*
9-20
12-21/
(quar,)..^
preferred (quar.)
prior
9-25
10- 1
$154,
'9-8
10- 1
1-1-43
10-1
1-1-43
12-24
Stecher-Traung
——
,
9-15
9-28
(quar.)————
Stayton Oil Co.
.....
8-31
9-31
9-1T
9- 1
Works....+/...—.—5Qc ;'i 9-20
Van Norman Machine Tool Co
—1
—
;/2oc
9-21
Vapor Car Heating Co.-, 7% pref, (quar,).../ / ;$1%
12-10
9-
10- 1
(quar.)..,
10- 1
9-15
9-15
30c
prior preferred
5%
Van Dorn
9-10
10-15
Bank of Albany
Wire___.-:~<:__..
5%
1
10-15
Standard
State
9-15
9-15
$15
15c
20c
Co,..—/
Knitting
Utica
4
9-
9-15
9-15
9-15
9-15
5%
5
9-30
12-28
Standard
43%c
'
9-16
9-15
10- 1
10- 1
37y2c
(quar.)—
common
:;:$1(4 7-15-43
,
10- 2
1-2-43
4-2-43
7-2-43
8-22
9-12:
11- 2
9-21
(E. R.) & Sons, common
50c
preferred (quar.)
$1(4
Staley (A. E.) Mfg. Co., $5 pfd. (quar.)...Avy $1(4
Standard Brands, $4.50 pfd.
(quar.)$1(4
Standard Fuel, 6(4% preferred (accum.)—..
t$l
Standard National Corp. 7% pfd
t$l34
7% preferred
.—Cb——',':Vvt$I34
Standard Oil Co. of California
,
35c
Standard Oil of Indiana (quar.)^.._..4.—_
25c
Standard Oil Co. (Ky.)
(quar.)..
./,
25c
$5
9-23
9-15*
10- 1
Squibb
&
8- 4
9-15
Upper Michigan Power & Light—
6% preferred (quar.
75c
6% preferred (quar.—...—_—
75c
Upressit Metal Cap, 8% preferred...—,l;
t$2
Upson-Walton Co
10c
Utah Power & Light, $6 preferred—...—./
t$l(4
$7 preferred
——t$l34
9-
10- 1
9-14
9-30
,
Steel
United
9-15
9- 5'
9- 1
10- 1
9-15
9-19
8-20
'' .' h
( '
40c
12-10
11-23
40c 3-10-43 2-25-43
40c 6-10-43 5-25-43
....
non-cumulative preferred (quar.)
U. S. Trust Co. (New York) (quar.)..—....
U. S. Truck Lines, Inc. (Del.) (irregular)...
7%
9-
''.'''v'-;■
,
'(quar.)__'_i._.___-.._--___.
Tobacco Co., common
States
9-15:
t$l
$1
,
preferred
$5
9-5
9-15
9-15
Trask Fund, Inc.
I2I2C
Spiegel, Inc., $4.50 conv. pfd. (quar,)....—
$ 1 Vs
Springfield Fire & Marine Insurance Co.—
■ '■ ^
Quarterly
$1.13
Spring Valley Co., Ltd. (liquidating)50c
Square D Company,, common—50c
5% convertible preferred (quar.).^—Sl'A
Spencer
9-15
United
10-13
9-
10- 1
" $1(4',.
participating conv." pfd. A (quar.)... ',,/
participating conv. pfd. A (quar.)... "
participating conv. pfd. A (quar.)...
$5 preferred (quar.)—.....
$1(4
10-15
$5 preferred
(quar.)—$H/4 1-15-43
$5 preferred (quar.).
—....
$1(4 4-15-43
9-15
,
10-15
35c
(quar.)
(Dallas)
Co.
Sparks Withington Co.,
6%
—__
50c
$1
Co. (quar.)
common' (Irregular)—....
Playing Card
Potash,
6.4%
9-15
Electric Co;—
Gas
Southwestern
8-31*
11-30*
6.4%
9-19
8-31
9-16
8-31
9-30
9-15
:
Associated Telephone—
Oil
Southland Royalty
$6
9-15
t$l
—10c
10c
7% preferred.
Corp
Phosphate
Southern
12-19
:6.4%
9-15*
10-15
(quar.)
partic. preferred
6%
Southern Colorado Power Co.,
$1%
preferred (quar.)...:.,
...
U. S. Printing & Lithograph, $3 preferred—
U. S. Steel Corp., commoft__...__.__...__,
United States Sugar Corp;—
. '
'
9-20
9-20
8-20
9-21
9- 1
$2(4
15c
50c
50c
S.
.1;
(s-a)
Southern California Edison Co., Ltd^—
common
10-10
(quar.)....
———
S.
9-15
$2
Southern & Atlantic Telegraph Co.—---Guaranteed
S.
9-14
50c
9-26
10- 1
50c
preferred (quar.)..
South West Pennsylvania Pipe Lines
8%
9-15
9-15
9-15-
(quar.)
Co.
Quarterly
9-15
9-15
9-14
Co., common.;
South Porto Rico Sugar
U.
9.21
10- 1
9-30
9-26
'
....
10- 1
10- 1
10- 1
...
common
6%
$1 Vsj
37lkc
1st pfd. (quar.)
.....
50c
53c
58(4c
2c
Pipe & Foundry Co. (quar.50c
Gypsum
Petroleum
S.
U.
7-31
7-31
9-15
10- 1
10- 1
9-15
9-19
States
preferred (quar.)____.
7%
U.
9-15
9-15
Graphite Co
S.
U.
:
,
(quar.).....
prior preferred
South Carolina Power Co., $6
South Penn Oil
...
*25c
t$l
non-cum.
United
9-11*
9-30
9- 4
9- 9
8-21*
9- 4
Platinum Co
&
South Carolina Electric
$6
25c
9-21
10-15
9-15
(quar.)..
pfd.
Mills 6%
Corporation
American Gold
South
$!'/»
f$lVa
U.
Holders
.
preferred A (initial)______
United Light & Railways Co. (Del.)—
6% prior preferred •(monthly)
6.36% prior preferred (monthly)
7% prior preferred (monthly)...
;
"
United N. J. RR. & Canal"Co. (quar.)
8-12
9- 7
9-11*
9-21
Ltd.—
(initial)
B
Class
5%
8-29
9-18
.
$1
(quar.)...!
Paper
Socony-Vacuum Oil
Sonotone Corporation
.
.
9-15
9-15
f$iy2C
...
Snyder Tool & Engineering
(Canada)—
Sherwin-Williams Co.
Common (interim)
7%
;
(H.)
Snider
9-30
9-30
(quar.)
Corp.
40c
Ltd..,
Mines,
$6 preferred
Smith
8-31
8-25
8-25
9-12
9-12
9- 1
75c
23c
25c
25e
Gold
Sivyer Steel Castings Co..„„,,„„„,„.
Sloss-Sheffield Steel & Iron, com. (reduced).
9-10
8-31
9-15
9-15
9-15
9-26
10- 1
9-21
433Ae
—.—
9-15
9-30
9-30
Grain: Growers,
.United
9- 5
9- 5
9- 5
9-16
9-16
9-14
25c
J15e
t$l%
When
Payable of Rec.
share
Name of Company
0] Rec.
9-14
25c
(quar.)
preferred
7%
Siscoe
9-10
37%e
—
Inc
class A
Class B (irregular)
Eerrick
15c
,25c
j-v-w-
Simonds Saw & Steel.
Securities Acceptance
Seeman
Payable
(quar.)_
(quar.I-,-.-.,-
B
Class
•
Signal Royalties Co., class A (quar.)
Simon (H.) & Sons, Ltd., common (quar.)
9-15
9- 2
9-10
9- 1
9-21
$2
25c
$1%
Co.
Corp.—
Common
(reduced quar.)
6%
preferred (quar.)
Security Engineering, 7% preferred
8-31
9- 5
9-15
9-15
$1%
$l7/»
(quar.)—,
(quar.)
Schlage Lock Co. (quar.)
———_
Scott Paper Co., $4.50 pfd. (quar.)
$4 preferred
(quar.)
—
Lace
9- 5
9-15
9-15
$3
$l5/a
preferred
Manufacturing
9-15
9-15
9-11
9-15
9- 5
9-15
9- 5
8-31
9-19
9-19
9-10
8- 3
9-10
9-12
'"
Scbiff Company common
Scraziton
9-30
9- 1
10c
$13A
25c
Aeronautical Co.——
—
Sabin Robbins Paper 7% preferred (quar.)—
Sangamo Electric Co
—__ —
Savannah Electric & Power Co.—
,4
6%
preferred (s-a)
—
ey2%
debenture "D" (quar.)———
7% debenture "C"
(quar.)^
—
7l/z% debenture "B" (quar.)
8% debenture "A"
(quar.)—-—
Ryan
Scovill
9-15
10-15
10-15
9-9
9-9
9-9
9-18*
50e
15c
—
(reduced)
Ruud Manufacturing Co.
10-14
10-1
9-21
Company
Signal Oil & Gas;"class A
Chicago Ry. Co.—
7%
preferred (quar.)
—...——
Pittsburgh Metallurgical —.u—,——— -——.
Pittsburgh Plate Glass Co.—
-—
Pittsfield Coal Gas (quar.)
—
Planters
Name of
10- 1
9-21
10- 1
9-21
10- 1
9-10
9-12
8-28
11- 1
10-15
2- 1-43 1-15-43
10- 1
9-15
10- 1
9-15
10- 1
8-31
10- 1
9-15
9-12
8-27
9-25 > 9-10
$2
Philco Corporation
Phillips Pump &
9-11
9-20
8-29
9-10
9-10
9-25
9- 5
9- 5
9- 1
9-19
9-19
10-1
10- 1
10- 1
15c
(irregular)—
(quar.)
common
Extra
10-1
9-15
25c
50c
$1
—
& Power
Heat
Petroleum
10- 1
9-30
9-21
10- 1
10- 1
$1%
'
Water Works,
-Peoria
When
share
Holders
Payable of Rec,
Per
Holders
Per
When
Per
share
Name of Company
Monday, September 14, 1942
FINANCIAL CHRONICLE
25c
25c
$134
15c
25c
25c
9- 8
9-16
9-16
,
,
10- 1
111210101010-
2
1
1
1
1
1
9- 5
9- 5;
8-26,
9-19'
10-20,
11-20
9-19.
9-10,
9-16"
9-16
10- 1
9-16
$1%
9-15
10- 1
8-22
9-5
50c
50c
9-19
12-15
9- 5
12- 9
$1(4
50c '
not closed for this dividend.
of accumulated dividends.
.
•Transfer books
tOn account
tPayable in Canadian funds,
resident tax, 15%; resident tax,
tax deductible at the source,
2%. a Less British income tax.
Nob-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
156
951
A
General
RAILROAD
Abbott Laboratories
profit
Shs.
sbk.
cap.
Earnings
■"After
profits
755,204
in
tax
depreciation
1942
states
■
$1,130,119
and
755,204
$1.2?,
755,196
■
{Revised.
before
at
$13,000,000;
b#Under
tax
and
excess
lateral
trust
first
the
for
taxes
six
purchase
months-of
Army-Navy "E"—
The
company's main plant at North Chicago, 111., and its New York
brancn have earned the Army-Navy production award for "an
record in
producing medical supplies vitally needed by the
forces," S. DeWitt Ciough, President, was notified on Sept. 9 in
a
letter
p.
2178..
from
James
Forrestal,
'
■
■
of
Undersecretary
;
/.■.
"
'
the
■
Navy.—V.
' /
.
'
■;
Irora
secured
and
indenture
gold
notes,
interest
29,' 1942)
chased
and
which,. under
$6,223.
Period End. June 30—
Prof,
'
•
chgs.
for
bond
►
to
prior
audit
1942—Month—1941
heprec.
the
as
•
in
the
premium
'-
'
•
$718,109
-
•
$557,920
Note—Included
'as
-
$4,445,493
earnings for June,
1942, is
S. Exchange.
Bond interest of
U.
$130,122
$25.1,497
bond
the
and
as
9,272
j.
The
;
Earnings for the Period Ended July 81*
;
;
•
1942—Month—1941
.
".Prof, .prior to
4
chgs. ' for
bond
;
audit. &'
deprec.
;
&
tons
•pulps in July
—V.
155, p.
July,
■
::
i
~
'
;/,"■■■ •••:
:-'v\ •
1942
and
1941.
■"
$0.74
{On
412,461
based
equal.—V.
bill
on
156, p.
passed
158.
$0.66
and
against
<
6
Months
Ended
ordinary
■;
;;; 7
Interest
,/
Other
purchase
on
30—
1942
trust
bonds
above
interest
Trustees',
trustees'
paying
Taxes
counsel
fees
agent
and
(franchise, social
&
eral
275
:
16,961
7,556 )
,
v
discount
&
•
exp;
-
Balance;
!——1
from
Gains
$529,300
Net
$91,782
-
estimated
Prov.'for
Fed;
tax.L
inc.
Exps. applic. to years prior to
Net
profit
■
earned
to
(deficit)
$435,157 '■
'
35,000
•
profit
cancellation
on
Assets—
of
preference
M.
the
§North
$400,157
held
ttDividends
company's
of
J.
and
discount
Unamortized
&
exp.
deferred
coll.
on
franchise
State
Miscellaneous
tax
bonds
own
(net)*
the
purchase
American
of
Aviation
ivl.
of tax
the
$0.49
amounts
executive
offices
at
420
large
reservoir
faced
are
is
with
important
of
workers
changing
the
to
from
effort.
war
hundreds
many.
of
these
men
declared
usual
extra
an
quarterly
dividend
of
10
cents
share
per
dividend of
25 cents per share on
to holders of record Sept. 18.
30, last.
On March 31, 1942,
both payable Sept, 30
disbursed
were
addition to
Gross
Cost
(& Subs.)—Earnings—
$2,536,991
the
June
on
reduced from 40 cents to 25 cents.
was
four
t$1.94
{$3.22
quarterly dividends of
40
cents
each
paid
30
in
and
$4,160,000,
and
including $585,000
for
the
first
half
of
1942
,
.
,
wL"-..yr'.r*
of
8,775,366
432,260
356,626
7,858,980
-
.
349,922
patents
15,649
21,133
21,493
25,100
gen. exps.
2,395,851
2,374,778
1,873,032
1,741,002
$8,275,753
income
$4,290,814
$1,338,985
473,424
78,684
181,397
$8,749,177
$4,369,498
$1,520,922
2,500,000
351,810
(net)
—
-eLLL—-C.
Total
117,046,780
losses
$630,805
177,620
:
$808,425
143,151
—
,
$$1,402,397 $$1,869,498
!.
$1.44
$1,169,112
$665,274
6,238,893
4,708,968
3,957,955
3,110,160
$7,641,2.91
$6,576,466
$5,127,068
$3,783,819
271,200
$0.63
r
4
300,000
y
/
1941
t$390,93S
262,800
r
before
15,704,480
525,073
1942
*$166,173
par)..
but
1939
$12,365,502 $10,615,808
,
1942
taxes,
1940
$22,823,464
ma-
equipment
$750,00(^ in partial anticipation of
*
Subsidiaries)
1941
$31,688,447
Profit
in
Inc.—Earnings—
Canadian
20,471,120
plants,
&
Sell., admin. &
Other
and
discts.,
sales
of
profits taxes for
excess
Domestic
allowances
Amortization
stock,
and
Its
less
&
chinery
$4,169,347
{$1.10
of
Deprec,
1942—6 Mos.—1941
1
sales,
returns
Earned
provision
for
surplus,
Jan..
Refund
{8,384
Total
depreciation, etch, a $172,000 reserve for Federal income and
a $25,000 reserve for contingencies.
>v
tax.—V.
the
use
which
employment to
6 Mos. End. June 30—
156,.p. 74.
Inc.—Earnings—
normal
the
(And
$32,543
$0.22
.
—
for
give
stock,
V
$14,377
5rf
profits taxes and
reserve
to
present,
American Chain & Cable Co.,
1942—6 Mos.—1941
$0.25
'
was
share..
at
Industry
quarterly payment
In
$6.21
$1,449,183
increases,
($1
will
to
common
Like
;
■' '
■
:
.
common
including
156, p, 510.
stock
who,
to
directors have
addition
depletion, amortization and provision for Fed¬
profits taxes. tOn 1,259,901 shares of common
1942
and
American Brake Shoe & Foundry Co.—Extra Div.—
the
$16,473
t$0.92
of
sales
1941, the company made the following extra payments: June
Sept. 30/10 cents each; and Dec. 27, 40 cents.—V. 156, p. 307.
.
Corpi
$7,324,900,
per
'
cum.
stock
Com.
excess
conv.
pre!
dividends
stock
140,082
140,061
141,414
143,170
989,503
dividends-
791,602
791,599
296,221
155, p. 2450.
Laboratories,
income
—v.
all
after
share
per
155, p. 1913.
—A
Inc.—Earnings—
: 'V
^ :■*'
charges
and
earned
yyL'!yy "'
plus,
7
1942
taxes
sur-
;!
$1.27
$0.60
;
yrr;.
6,000,000
141,087
141.087
1,461,691
1,461,691
1,395
shares
1,395
*
1942—..—
.
489 ;
—_*_$158,792,071
special offering
commission of 50
a
" 4,184,052
,
Manufacturing
Co.—Special Offering
made Sept. 8 by Emanuel & Co.
was
There
cents.
allotments
and
(no par) at 231/2 with
Subscriptions
made
were
on
to
came
basis
a
of
19,335
purchases through 48 member firms,
yLargest block alloted was 2,280 shares and the smallest
15 shares,
was
/fj y;.
489
by
profits
excess
based
due
be
in
now
(2)
net
made
the
lated
$5,644,803
war-time
and
1942
on
-
.
$4,194,055
.
operations.
the
tRefund
of
interest thereon.
{Equivalent to
989,529 shares and $1.75 in 1941.
Revenue
bill
its
upon
have
and
been
of
Bill
enactment.
estimated
excess
1942
subject
are
as
to
profits taxes
recently
such
Canadian
the
upon
passed
changes
income
basis
of
as
and
the
Act
force.
the
in
the
of
into
U.
S.
above
statement of income for 1942 is
$120,710
subsidiary after provision for income and
Canadian
profits taxes.
The Canadian
at
currency
operating results have been trans¬
Official rate of Canadian exchange
the
prevailing during the six months' period.—V. 156,
y-:'
$3,344,428
taxes.
proposed
taxes
Included
income
excess
taxes
in
Representatives
in
profits
excess
to
The provisions for Federal income and
upon
the House of
may
25-Cent Dividend—
$72,582,540
$6,511,705
share
Common
per
tiIncludes
are
66.2%.
100
were
30—
adjustments
prior years' Federal excise
$150,500
$0.73
y
June
other
♦And
1941
$181,463
249,530 shares^..—,!-j,*
on
of 12,800 shares of common stock
130,221
1,353,341
charges—'
Total
require
states.
Virginia—Earnings—
stock.-r-V.
shares of
Allis-Chalmers
1,353.341
trust bonds
for
also
other
women.
in
"
its
Administration
State
operation
"
$74,728
1942—3 Mos.—1941
"
period
common
♦Earnings
1942
124,950
interest receivable, accrued-- Cash in banks' and on hand.._y_r——z_v_Unamort.
the
work
Notes— (1)
Sheet, June 30,
properties-—6,000,000
trustees—
4.184,052
by
of
York
Balance
$31,008
Kansas City
♦♦Cash
desire
New
and
y>:'-V'y
$0.11
common
excess
*
securities-:
Government
S.
will
in
fill
to
stock——
has established
company
The
and
Amos
elected
——
',•:•! ..!
6 Months Ended June 30—
■'y.V
•Column.A
tColumn B
corporation-^!—L.^--,-_>y-y^C^y$145,525,066 $59,310,264
{Securities' of
$U.
Balance
project
bringing this important industry to New York State, Mr. Webster
pointed out, the American Aviation Corp. has taken into consideration
'
Consolidated
The
contractor,
In
in
been
——-
Allied
a.
•
Net
:>-••
-
air¬
Jamestown
"
*
60,774
*$482,796
■
the
are
....
48,000
surplus
The
$91,782
■
of
to
{After
:;
1940
account
♦Exclusive
and
1,225,010
anticipation
profit
excess
:
$530,797
——
—
of
manufacture
Lexington Avenue, New York, N, Y.
June 30,
on
on
Edward
1942—3 Mos.—1941
share__.l
per
Earnings
131,552
$435,157
1,497
was
share
a
1697.
have
common
$1,205,565
three-month
profits
Total
while
share
a
p.
and
taxes
chgs.:
Allen Industries,
110,922
transactions--,i
secur.
the
Webster,
.'
With
C.; Warren C. DuBois, New York, N. Y., attorney-at-law; Weils L.
Riley, New York, N. Y.. economist; Harry G. Sparks, President, SparksWithington Co., Jackson, Mich.; John B.
Farweil, President bperry
Products, Hoboken, N. J.
inventory
14,140
126,865
'
and Northrop Aircraft; Gilbert W.
Douglas, President,
Knitting Mills, Eaton, Pa.; Frank H. Neher, Vice-President,
Corp., New York, N. Y.; Walter H. Kilbourne, Washington,
D.
upon
stock
$57.39
to
common,
154,
Ohio,
9,500 shares of
depreciation,
•After
'
on
Ohio,
Toledo,
share.
per
{On
Shares
U—~ 'v'
186,701
'•'*
based
common
6 Months Ended June 30—
readjustment plan expenses
bond
Columbus,
of
profit
partial
\
'
of
of
on
all
tax increases.—V.
114,414
litigation '
Amortiz.
share
a
..
6,788
91,409
\
of
equal
$820,538 or $55.74
—$6,963
income
the
10,396
101,478
38,727
shares
$844,905
Note—The provision for Federal income
•
,
'
Bond
♦Net
stock.
6,717
r
■~"
>2.641
Miss. Pacific RR. reorg.__
re Terminal Shares,
Inc.,
re
Expense
203,534
common.—V.
Period Ended June 30—
♦After
1,872,102
6,689
123.645
to
on
both
65,745 shares of
amounted
expense
Exp.
after
Earnings
■
69,779
secur., etc.)
General
.
_
\
int.
expenses
1942,
$s
9,093
exp.
June* 30,
Earnings, 3 Months Ended June 30, 1942
taxes
•On
$2,265,126
//
.*■; 302
;Regist. & transfer agent fees &
share
a
Banning,
'
inc.
and
1940
i-n
5,002
,,
of
as
were
Allegheny Ludium Steel
1,802,344
,,
1941,
Alberene Stone Corp. of
$3,-
net
plywood
Mr. Webster, the directors of the
corporation include:
engineer, formerly associated with Glenn L. Martin Co.,
Rider,
Flintkote
••
31,
Period Ended June 30—
Net
.
$2,687,421
3,287
the
of
vaiue
Dec.
Broer,
•Earnings
1941
1,731,307
debt—/,!;
money
assets
—V. 154, p. 1825.
.
yyy^"<y:fy
^
$2,694,782
collateral
on
Interest
June
income
C.
F.
;y
profits
excess
and
contract
addition to
The
"<$0.09
.
the prime
Chipman
vacancies on the board of directors caused by resignations of
Doroshaw, Max J. Zivian and George Coury.—V. 156, p. 659.
profits taxes
by House of Representatives,
Alleghany Corp.—Earnings—
.Total
In
Keith
G59.
p.
$48,233
*
(including Wholly Owned Subsidiary, Terminal Shares, Inc.)
.
by
purpose
Albemarle Paper Mfg. Co.—Earnings—
'1939
excess
156,
for
Mr,
the
will engineer and supervise the manu¬
facture of fabricated
parts and will complete the final assemly of the
planes and gliders for the Government in its new
assembly plant.
1950,
only
which
..
$1.13
George
William
•
r
V
due
payable
for
to
plywood parts from manufacturers
Air-Way Electric Appliance Corp.—New Directors—
1941.
stock.
,Note—Provision of $2,070,300 in >1942 for income
asset
on
Earnings per share
$281,142
class B
net
Net income after all charges and
$0.66
shares of
and
^
Net sales in first half of 1942 amounted to
$7,885,130,
368,090 in 1941 and $1,567,895 in like period of 1940.
.taxes
bonds
are
stock,
according
into
Works, Union Nation, Inc., Empire
Jamestown Sterling Corp. and Herrick Furniture Co.,
of Kling Factories,
together with certain additional
Co.,
division
as
entered
Furniture
manufacturers.
Corp.,
from
reorganization,
convertible
a
have
which
supply their facilities
parts,
Goods
metal
slicing
veneer
"
Randolph
non-defense
$4,624,284
1940
$281,710 '
net
assets
•stock
received in United
1941
$318,039
reported
1941, net assets amounted
y
•
$4,953,238
® After charges, Federal income taxes and Federal
in
inclusive,
1939,
of
preierred
preference stock and $1.25
on
Mos,—1941V
compared with 8,144 tons in July,
1942
•Net
v
April 1,
plan
1934
prior
share.
a
Net
2450v.^^V,
6 Mos. End. June 30—
profit
{Earnings per share.,...,.
<
to
of
glider
Inc.,
received, $846.
as
to
including
.
companies
Co.,
Case
provided
as
year.
The corporation has substantial
supply war production jobs for skilled wood
whose training lends itself to all phases
construction
I
the
and
Lounge
the
craftsmen
aircraft
corporation
plane
are
amounted to $80j,124 equal to $57.29
shares of convertible preference stock. After allow¬
preference stock at its liquidating value of $40 per share, the
ing for
$1.20
Aero Supply Mfg. Co., Inc.—Earnings—
y
the
14,121
on
-indicated
V:*'
;■-/ •""•V
July were 24,726 tons, compared with
Shipments of sulphite and groundwood
in
1941.
8,579 tons,
were
$775,152
1942, earnings is $130,224
newsprint
in
•<
1942—7
.
$507,745
Note—Included in July,
States funds,
Shipments* of
Among
value of securities owned,
share
a
tons
:
,
*,:/■:
"
"
■'
■
'T
interest
36,825
to
1,1934,
company
market
■v"..'*
'
•'•',
amended,
as
distribution
to
wooden
first'.of
metal
pledged
as
pursuant
issuance
indentures,
subject
the
hand and will
on
and
fabrication.
securities
on
Air Investors, Inc.—Asset Value—
*
-
'Shipments of sulphite and groundwood pulps amounted to
in June, 1942, as compared with
7,220 tons in June, 1941.
'
of
'
"
about
workers
Douglas Aircraft
Shipments of newsprint in the month of June,
1942,
amounted
to 28,806 tons, as compared with shipments of 35,384 tons in June, iy41.
'
pleted
contracts
inc.,
,$3,849,132
above
upon
be required. '
may.
y!
.,
accrued
1,010 shares of such stocK have been reserved.-^-V.
'
is exclusive of the premium
which would require to have been pro¬
vided to permit payment of interest to be made in United States funds,
I
>
•
Shares,
,
/
&
interest
"received
{{Oct.
which,
1942—6 Mos.—1941
&
Terminal
on Alleghany Corp. bonds due 1944 repur¬
collateral," collectible by trustees and subject to
above, $2,208; interest on U. S. Government nonds,
held
distribution
v
Abitibi Power & Paper Co., Ltd,—Earnings—
•
securing
receivable
collectible, by the trustees
.theiein, $1,350,286; interest
155,
,
and
which may be impounded by trustee
;
$7,000,000.
collateral, $796; under col¬
collateral,
$4,177,033;
under
as
collateral
July
'excellent
armed
loss,
possible
indentures
furniture
manufacturers under the guidance of experienced aircraft
executives, American Aviation Corp. has been organized and Is con¬
structing a large specially designed
assembly plant, at Jamestown.
N. Y., it is announced
by R. N. Webster, President and Chairman of
the Board of the
corporation.
It is expected the plant will be com¬
(not including unpaid and accrued interest on $11,152,000
principal amount Missouri Pacific RR. 20-year 5V2 % convertible gold
bonds, series A, due 1949).
Dividends (received in cash July 2 and
'•
^
debt
five-year 514 %
as
City
for
reserve
trust
indentures—income
money
ttDividends
Awarded
less
collateral
MISCELLANEOUS
-
of
.
those of the corresponding period of 1941.
over
cost,
$1.43
$1.46
income
Federal
and
1941.
earnings
,1942 increased 47.4',e
five-year 5 Va % secured gold notes, which notes,
turn, are owned by Alleghany Corp. and pledged under
Alleghany
Corp. collateral trust indentures), subject to agreement dated March
12, 1940, to sell to trustee in reorganization of Missouri Pacific RR„
$1,012,007
672,095
$1.07
interest,
Company
f
outstand;
shares-.
per
$986,181
$838,406
.
INSURANCE
-
Terminal Shares, Inc..
1939
.
INDUSTRIAL
-
in
1940
t1941
1942
;„_2
PUBLIC UTILITY
-
(& Subs.)—Earnings-
6 Mos, End. June 30—
•Net
Corporation and Investment News
American Forging &
307.
p.
:
*
-
Socket Co.—Earnings—
•
Liabilities—
•"
Collateral Trust bonds— /'
5%
bonds—
interest
Fixed
interest
Contingent
money
Accounts
payable and
accrued
{{Matured
interest
prior
(declared
value,
stock
Series
5Va r/r
A,
stock
Common
Paid-in
per
stock
deficit
118,081
906,683
inc.)
906,683
611
611
118.867
——
convertible
($100
118,867
50,500
■
*
8
30,
1,106,280
66.753.900
66,753,900
of
record
and
3
declared
Sept.
14.
last,
Dec.
22,
of
par)
—,—91,474,701
reader's
•Amounts
tAmounts
securities
1942,
at
and
which
at
and
corporation
its
were
if
assets
wholly
which
at
——$158,792,071
$72,582,540
stated
bonds
and
owned
assets
at
of
and
indicated
the
liabilities
are
subsidiary,
liabilities
market
corporation
held
carried
Terminal
would
quotations
as
on
books
Shares,
if
appear
them
problem.
To
{Pledged
p.
against
as
50
cents
as
as
collateral
of
30,
stated
collateral under bond indentures or on purchase money
market quotations June 30, 1942, $59,310,264), at cost.
as
SSecurities
and
under
notes
owned
indenture
by
Terminal
securing
on
share
per
Earnings for the Third Fiscal Quater Ended May 31, 1942
Gross sales, less returns, allowances and discounts—1
Cost of goods sold and selling, administrative and
expenses
Shares,
$13,333,557
*
Inc.
market
(pledged
principal
as
amount
including
Operating
Other
•
depreciation
279,131
loss
income
$53,726
—
32,080
and
thousands
of
made
workers
in
industries—-
war
maintenance
training
a
$21,647
Other
Loss
the company
Wartime Care
it
on
deductions
complete sense
the
of
has just
of
entire
published
Rubber
V-belt
a
new
V-Belts,"
for
quarter.
$23,077
handbook,
which
maintenance
1,431
new
;
solve
Facts
" "
$225,404
general
on
aims
story.—V.
Balance
to
156,
Assets—Cash,
$126,016;
Sheet, June
customers'
I,
1942
accounts
(less
allowance
for
accounts, $1,000), $87,570; facilities for Government account,
inventories, $151,132; other assets, $31,952; land (not used in
operations), $13,650; land (used in operations), $10,712; land improve¬
doubtful
597.
Aluminum, Ltd. (& Subs.)—Earnings—
♦Net
profit
♦After
or
Inc.
June
were
collateral on purchase money debt (indicated
quotation June 30, 1942, $130,221), at principal amount.
collateral
30
$34,893;
Note—It
effect
a
of taxes, depreciation
higher rate than a year ag6).
is
reported
that
if
the
during the first half of this
post-war
refunds,
ments,
1942
would
have
$8,600,000
and
special
taxes
charges,
depreciation
had
been
in
estimated net profit, excluding
from the $6,500,000 level,
To
provide
plywood
planes
and
total,
accruals,
machinery,
$219,384),
furniture
$513,654;
and
fixtures
patents,
$1;
(l?ss
deferred
$978,953.
creditors,
$33,580;
$22,704; payrolls,
construction
loan
$14,147;
(payable
lease
over
deposit,
two-year
stock
($1 par), $231,400; earned surolus,
$250,022; capital surplus, $410,000; total, $978,953.—V. 155, p. 1670.
capital
$17,000;
American Fork & Hoe Co.—25-Cent Dividend—
Aviation
United States
equipment,
depreciation,
reduced
Corp. — Organized—To Provide
Plywood Planes and Gliders for U. S. Navy—
for the
for
$9,374;
Liabilities—Trade
period),
above, to $6,200,000.—V. 155, p. 304.
American
buildings,
allowance
$100;
Canadian
new
year
been
1941
$6,500,000
(estimated)——
computation
(in 1942 at
as
(indicated
llPledged
share
maintenance book of the past has assumed the
with its subject, this is* not a safe assumption
women—have
,
help
make
listed
par.
debt
per
average
Thousands
of
many
161,165,581
———
the
familiarity
today.
91,474,701
74,956,049
'
—
——
cents
last year.
6 Mos. End. June 30—
Total
25
outstanding, payable Sept.
similar distribution was made
A
30,
and
30
dividend
a
stock
common
June
on
Sept.
Whereas
4,522,597
—-
of
shs.
Issues New Handbook—
"Plain
.
1,106,280
——4,522,597
-
holders
102,900
•
50,500
on
share)
par)-—-—
surplus
Earned
118.081
——
preferred
$10
pfd.
cum.
($1
income
on
coupons
cumulative
$2.50
102,900
expenses—
accr'd (oth. than Fed. taxes
for Federal taxes
Provision
to
April
June
Sept.
on
1,776,000
4,858,000
_•
accrued-—,—_
payable
Taxes pay.
the
14,552,000
;
debt (assumed)-———*-
Purchase
Interest
4,858,000
—14,552,000
bonds——
directors
on
;
convertible, due Feb. 1, 1944— $27,522,000 $27,522,000
convertible, due June 1, 1949—
21,661,000
21,661,000
convertible, due April 1, 1950—
5%
13-year
20-year 5%
20-yeai*
"The
'*''••
•
v *•■■
;•
■■
gliders
Navy, by making
use
on
a
mass
production
of the facilities of
a
basis
group
A
dividend of
stock,
A
1941,
45
no
similar
par
25
cents
value,
distribution
payments
were
per
share
payable
was
made
Sept.
made
as
on
has been declared
15
to
March
follows:
holders
14
March
and
15,
of
the
common
record
Sept. 5.
last.
In
on
June
25
15,
cents;
cents; Sept. 15', 25 cents; and Dec. 15, 45 cents.—V. 156,
June
p.
74.
15,
'
8,547,239
2,913,883
464,444
1942—12 Mos.—1941
$ '
$
8,002,489 103,465,456 91,915,994
2,856,554 36,235,170 30,862,855
435,178
5,462,008
4,937,176
1,114,754
1,060,318
13,096,475
550,502
158,333
817,870
7,625,148
7,200,073
9,792,425
6,991,484
208,333
9,174,941
1,465,985
22,003
2,123,735
23,970,823
Subs,
25,840
271,508
1,487,988
608,242
33,844
323,640
revenue
Operation
-
Maintenance
—
__
2,149,575
609,721
Crl7,112
323,640
24,242,331
7,305,223
467,492
3,884,038
Depreciation
__
Amortiz. 'of elec.
plant
adjust
acquisition
taxes-
profits
•Excess
823,734 •'
taxes
Other
income
Operating
Other income
-
Gross income
Interest
funded debt
on
and deducts.
int.
Other
preferred stock
Divs. on
Elec. Co.:
Amer. Gas &
/
.
income
net
•
4,582,186
2,772,583
taxes
2,724,231
.2,507,355
retirem't & depl.
appropriations
2,911,395
2,769,518
11,605,643
11,080,713
7,384,589
8,755,074
33,280,375
37,435,653
on
71,986
2,210
Other income
650,623
Total
43,875
deducts.
other
and
net—
90,640
140,767
exps.,
stock
pfd.
Dividends on
4,868,472
17,676,081
21,877,174
1,792,936
7,171,741
7,171,742
11,140
36,138
54,186
of
1,719,237
1,126,982
60,344
14,124,394
924,700
1,109,795
1,689,209
3,064,396
10,468,202
14,651,246
1,719,237
3,064,396
10,468,202
14,962
69,080
16,841,838
» 907,857
1,147,139
1,689,209
Int.
3,079,358
10,537,282
14,718.310
earned
109,385
370,722
114,974
314,257
5,076
26,727
697,140
710,443
872,350
deductions
2,139.480
22,203
2,833,602
2,810,952 \
Comparative Income Account (Company
17,704
$3,108,521
14,962
$8,742,684 $11,930,124
69,080
67,064
$1,620,999
$3,123,483
82,025
109,385
80,461
114,974
4,965
5,076
$8,811,764 $11,997,188
370,722
366,115
314,257
408,678
26,727
22,203
$1,603,295
subsids.
income
Operating
revenue
Operating
(exclud. depreciation.)—_
expenses
Operating profit
Other
credits
______
Mixed
claims
awards,
Loss
sale of U. S.
on
$4,542,825
,
362,601
——
_____——_———__—_
net——-'J.————_
Government securities—__
Drl0,352
Other
taxes,
taxes
$4,895,074
245,788
250,000
3,570,000
_
Provision
depreciation—
contingencies
for
Provision
for
—
—
profits taxes___
Fed. inc. and excess
•Prov. for
Balance
-
$829,286
642,825
profit
Dividends
—_
-—
—
»
Earnings per
Cash
U.
$1,252,448
871,600
bank
in
Earnings
securities—
received from subsidiaries—
receivable
Accounts
Other
i
Capital assets
$1,179,206
—_/
301,818
582,361
1
U. S. Treasury bonds—50,000
Insurance fund _——I——
1,150,000
awards receivable.—__________
claims
•Mixed
U.
Supplies
68,409
$4,257,000
1,197,616
6,336,771
Accounts payable
and excess profits tax—
over disbursements on un¬
for est. Fed. inc.
receipts
of
Excess
completed
voyages
_
——
for
Reserve
Total
Reserve
Earned
—
—
—-
•After reserves of
Consolidated
$4,358,000
818.344
3,452,324
Total
$2,220,165 in 1942
operat.
Operation
1,037,313
American Light &
—
Taxes
national
income
1942
;—
—
——
each
35,806,227
4,805,887
31,
March
the
10
Arkansas-Missouri
Net
to stock¬
to stockholders of
/
1942—12 Mos.—1941
1942—3 Mos.—1941
$528,973
83,545
$395,487
286,277
$375,326
268,326
$1,718,985
1,138,888
taxes...
19,844
18,515
107,949
70,485
profits tax.
21,292
12,111
108,509
21,701
income.—
$68,075
541
$76,374
651
$363,640
2,348
$353,382
28,285
$68,616
27,172
$77,025
28,012
$365,988
109,692
$381,663
113,001
$41,444
$490,013
$256,296
$268,577
oper,
income,
Total
other
Corp.—Earnings—
Power
revenues—
income
Fed. excess
Other
the
and
expenses.—
oper.
Operating
Federal
1941,
155, p. 2273.
12, 1941.—V.
net...
income
_______
and
int.
deducts.
Net income—
Other
Int.
income
expense
for
the House of
provisions for Federal income and excess profits taxes, as shown
would be further increased in the aggregate by approximately
41,642
264,123
,
"
46,085
.
77,163
and
______
$934,681
56,492
$915,306
57,667
$509,494
194,959
$991,083
3 73,686
i
184,407
General
interest
'>■
'■
•.
+
—
$972,973
< 390,276
27,088
32,173
55,181
64,515
3,064
3,001
6,154
5,963
$6 cumul. pref.
on
of
stock
Utilities
—__
West
public
income
Other
by
-
$9,098,689
4,169,482
Period End. June 30—
$4,731,448
—3,696
$4,929,207
2,759
$4,727,752
1,611,613
240,290
249,658
,
—
$1,103,332
$1,060,832
$5,831,083
$5,987,280
804,486
804,483.
$5,182,794
$1.78
133,954
137,211
69,177
2,174
4,216
.7,514'
$369,048
$411,337
$208,ooa
$4,926,449
1,740,878
253,014
288,049
35,650
60,833
*
'
$211,025
'
•
68,395
3,837-
-
deducts.-
income
/
I
>
—.
—:
investment company
expenses
miscell.
of subsidiaries
(excl. of income
subs.) inc. from divs. and other sources
expenses
•State, local and
—
—
Federal taxes
,
increase in Federal taxes—
,
——
Balance
—
Consolidated net income
on
Consolidated
I.
preferred stock-
1—
balance—
Earnings per share of common
income
taxes
scribed by tlie Revenue
for
$1.82
stock—.
current
period
$5,026,597
are
______
60.833
based on rates pre¬
;Aet;of 1341*—V, 155, p*20p£.»;r ;;:
>;;;
3,878
595
(see
&
Operating
.
expenses
•Federal
income
spective
(2>
__L
taxes
Other
nref^rrM
period
156,:p. 24?;:
:
•>
•:•:
-
and
12
months'
$7,000
periods ended
rate for
a
share, was paid June 20,
; " :
1942.—
zzzzt.
117,000
116,000
1,291,000
1,282,000
$274,132
$296,364
$3,304,524
$3,315,285
1,762,370
234,385
net__—
2,341
591
mtge. bonds—
on
Int.
^
$276,473
146,992
21,103
$296,955
147,023
18,862
$3,933,248
1,764,076
226,695
revenues—
income,
Gross
Other
Co.—Earnings-
$3,920,130
13,118
Net oper.
Int.
.
__________
retir. res. approp.
Prop,
income
'
and deducts.,
int.
;
8,621
287
29,523
10,882
$131,357
$1,972,000
$1,329,412
949,265
and
——
—
provisions for
949,265
$1,022,735
applicable to preferred stocks
•Includes
month
10,761
—$116,999
chgd. to constr., Cr
Balance
$380,147
Federal taxes of $84,695 for the current
months ended July 31, 1942, additional
1941.—V. 156, p. 599..
$372,634 for the 12
required under the Revenue Act of
& Co. of
Illinois—Dividend Deferred^—
Sept. 3 announced that "in view of uncertainties in
the Immediate outlook
occassloned by the meat price ceilings, the
directors decided to take no action on the $6 prior preference stock
at this time."
From Oct. 1, 1941, to and including July 1, 1942, distributlons of $1.50 per share were made each quarter.
The previous
The company on
payment, also $1,50 per share, was made
at Oct. 1, 1942, will amount to $22.50 per
G.
three
"on 79,746 shares of American Public Service Co, 1%
outstanding June 30, 1942, amounted to $139,555. - A
dividend of this amount, or $1.75 per
v.:
_
three and six months' 1942 periods.
requirements at a full cumulative
Dividend
months'
$161,030
$180,518
three
308.
1942—Month—1941
1942—12 Mos.—1941
$1,197,721
$1,121,105 $13,677,974 $11,183,358
530,584
488,496 . 6,022,370 , 4,433,002
207,434
155,807 '
1,554,378
1,372,957
68,571
84,438
890,036
790,875
taxes
11,567
22,615
5,527
11,539
$355,469
$323,198
Notes—(1) Federal income taxes in the 1942 periods have been pro¬
vided on the basis of a 40% rate.
Should the Revenue bill of 1942,
as passed by the House of Representatives on July 20,
1942, be finally
adopted the provisions for the Federal income taxes in the consoli¬
dated account would be increased approximately $10,000 and $20,000,
and $1,300 and $2,700 in the "company only" statement for the re¬
Net
p.
revenues
Operating
to the amounts
—
respective
156,
Arkansas Power & Light
Armour
& Traction Co.
Provision for est.
$170,501
3,539
"
405
$196,530
exp.
Federal income tax
1942—6 Mos.—1941
$393,052
$341,002
5,430
5,423
9,534
810
1942—3 Mos.—1941
Taxes
note)
Balance of net income
_——
the
Period Ended July 31—
Net income
Only
Income Statement of Company
income
in
1942.—V.
30,
Other
Texas
held
Co.
$15,000
by
the
above,
83,705
$479,948
29,546
Should the Revenue Bill of 1942, as passed
Representatives on July 20, 1942, be finally adopted,
profits tax.
excess
June
■
—'
*
—_
Divs.
Total
the 1942 periods have
143,671
$497,817
$8,790,283
4,058,836
held by public, etc.
in
220,126
$469,455
28,362
income
Net
—_
profits taxes
excess
on
437,887
f
32,475,477
4,656,041
provided
157,447
'
(net)____
long-term debt/
on
and
and
income
the basis of a 40% rate for income taxes, and a
schedule of rates ranging from 50% to 75%, in the various brackets,
been
245,048
Amort, of debt discount
1941
•Federal
$2,813,134
935,277
445,033
/;
$8,949,121
149,568
net——————
American Light
•Federal
semi-annual dividend of
regular
the class B stock on Oct. 1, last year, one
on
record
of
Sept.
Period Ended June 30—
1942—6 Mos.—-1941
,
income
$8,611,628
178,655
operations
earnings—
and divs. on sec.
Dividends
dividend of 30 cents per share on
a
the
and
on
made
were
holders
record
36,028
10.074,962
share
83,241
in-
of
lieu
in
operating
General
Interest
declared
$10,
par
the 4% cumulative class A stock, par $5, both pay¬
able Oct. 1 to holders of record Sept. 29.
Two distributions of 30 cents
cents per
,
Net
,
—-—
Balance
General
Properties, Inc.—30-Cent "B" Dividend—
stock,
Dividends
from
and Federal income and excess
112,526
V
(see
taxes
taxes
come
.taxes—
Other income,
Subsidiary
($14,657
profits taxes.
(Loss.
$112,546
1115.
p.
directors have
B
1940
1941
1942
133,940
Charges
$53,446,698 $48,577,990
——,—J
revenues
earnings from utility
int.
(& Subs.)—Earnings—
218,944 1
note)
160,840
151,607
2,512,313 ; 2,071,693
Federal excess profits taxes—_____—_________1,013,745
274,052
Provision for estimated increase In Fed. taxes-.
536,059
1_
Total
156, p. 862.
holiday.—V.
$83,403
A. P. W.
1,023,685
525
$3,043,428
997,095
$1,439,933
457,547
83,069
•
•Pederal income taxes—,
net
41,555.000
41,344,000
40,860.000
38,807,000
122,595
_________
—————
income
Fed.
$25,854,921 $18,193,753
and $2,206,864 in 1941. (Reserve
Ended June 30—
operating
Total
46,143,000
45,764.000
44,893,000
44,270,000
222,618
Maintenance
Traction Co. (& Subs.)—Earnings—
Operating expenses —
State, local, etc., taxes.
Net
54,092,000
52,558,000
54,298,000
50,894,000
charges,
155,
class
Statement
Income
$1,520,454
488,777
revenues-
/Depreciation
Gross
State
—V.
(& Subs.)—Earnings—
1942—3 Mos.—1941
Period End. June 30—
repairs.—V. 155, p. 2272.
12 Months
1938
66,619,000
profit
•After
Gross
,
Total
1939
6 Mos. End. June 30—
$6
by
American Public Service Co.
238,212
———I
for insurance—.——
surplus
—
-—
Capital surplus
for
5___
•Net
271,558,616 274,468,423
—
1940
Anchor Post Fence Co.
preference cumulative issued and outstanding,
793,581 2/10 shares, including 28 2/10 shares of scrip in 1940 and
1941; $5 preference, cumulative outstanding, 978,444 shares; common,
outstanding, 3,008,511 27/50 shares, including 1,975 27/50 shares of
scrip in 1941.—V. 156, p. 862.
—_
cargo
Total
29
3,243,701
36,026
9,248,616
——
.
•Represented
1,150,000
7,075,958
for
Reserve
i
1941
66,230,000
71,227,000
66,639,000
72,542.000 *63,756,000
•Includes
Total
67,509
250,000
tl3,402
1,150,000
6,808,649
claims
—— _—35,000
contingencies—
'
950,000
for ship replacements—_
4,852,577
Reserve
—_II
for the last
-
1942
,
($10 par)—.—
—_
and accrued liabilities—_____
Capital stock
Aug.
646
1,012,284
*'V 525
L—«
liabilities
the corresponding
weekly output of electric energy
71,286.000
72,742.000
15___
22—
Sept.
of
table
follows;
years
Aug.
214,579.677 214,579.677
41,153,000
42,358,000
3,822,000
3,903,000
1,206,708
1,810,075
v
165,377
325,788
334,403
356,685
interest
Earned
—$25,854,921 $18,193,753
I
Liabilities—
__
—
surplus
surplus
Capital
66,176
etc.
&
kwh. for
63,756,300
of
output
the
over
1941.
of
Wk. Ended—
219,507
declared
current
Other
1
/ 50,000
1,150,000
—-————
13.78%
week
The
taxes
Accrued
76,563
receivable and claims—'_
——
__—___.
Total
Res.
Accrued
8,503,733
4,680,714
767,529
securities & obligations,
Government
S.
Miscellaneous accounts
P.
Electric Co., Inc.—Output—
electric energy of the electric properties of this company
for the week ending Sept. 5, 1942, totaled 72,542.000 kwh., an increase
98,990
631
245,777
3,109,172
payable
Accounts
155, p. 2091.
therefor.—V.
Output of
271,558,616 274,468,423
debenture
Dividends
——_
1,845,301
13,680,771
1,170,754
banks and on hand-—_—__———.—
in
Cash
Gold
—350,000
Deposit
913,994
(no par valuei_
—
bonds Amer. 6% series
——
L. Co. 6 % gold deb. bonds—
v
v.-
that
states
company
American Water Works &
91,498
.
and expenses
(of $251,000 in 1942) for
interest and provision
tax.
income
1,156,673
—__
receivable
$89,009
568,096
$0.16
—
by reason of excess profits credit
carryover from last year, and on the basis of net profits for the year
at the same rate as those of the first quarter, it may not be subject
to excess profits tax for the current year and no provision has been
Liabilities—
437,444
...
8,059,466
196,575
1,336
—
•Capital stock
5,114,000
replacement fund—.
Ship
Total
$2,111,59*
712,300
companies—
'/
Unexpired ins. and other deferred items, net—
Disbursements on account of uncompl. voyages
per
•After depreciation,
7,417,285
——„___j—
discount
Unamortized
1941
Investments in stock of other
2,496,061
_____
—
interest
Southw'n
1942
i
1/ 2,404,000
—
assets--
current
Accrued
30
Consolidated Balance Sheet, June
Assets—
& advances—subsidiaries— 251,341,815 252,141.446
7,602,617
demand)
5,285,849
(on
1941
1942
_____
stock
capital
Aug.
$
$
•
short-term
Dividends
bill passed by
•
securities——__:
Govt,
S.
/
■.
,
securities
Investm't
additional
the House July 20, 1942.
Note—Net profit for first six months of 1942 does not include $4,852,577 representing excess of insurance proceeds over depreciated cost
on vessels lost.
This excess is credited to "Reserve for Ship Replace¬
ments" in the consolidated balance sheet.
<■
\
•Includes $758,000
revenue
of
Shares
1941
1942
1
'
Inc. (& Subs.)—Earnings—
$307,000
568,101
share__—$0.54
profit
five
Only)
(Company
30
June
.
$186,460
$380,843
—_
$1.95
$2.87
provision required at rates contained in
share
common
Sheet,
155, p. 2091.
3 Mos. End. June 30—
•Net
of
■
,!
———
——
2,833,602
$8,366,590
■
Special deposits
Surplus
2,810,952
$5,289,106
•
$3,808,907
289,460
250,000
2,017,000
Other
Net
710,443
$2,183,605
against $8,516,299 in
1942 totaled $6,535,490,
half
first
for
Comparative
Assets—
Profit
697,140
$756,408
Net "income
55,391
\
——
other, deducts.—
&
Int,
$3,585,814
167,704
_—
—
_______—
•Federal
$8,244,591 $12,043,025
3,701,765
8,457,212
,——
...
Total
been
1942—6 Mos.—1941
1942—3 Mos.—1941
American Type Founders,
-
Federal
Only),
1942—12 Mos.—1941
1942—3 Mos.—1941
Period End. June 30—
Expenses
have
1942
1941.
1941 period.—V.
the
Note—The
1941
in
taxes
$87,389
$0.16
share—
per
sales
Net
11,087,712
of approximately $358,000 for
7,014,624
1941. (Full dividend requirements
applicable to respective periods whether earned or unearned,
(Includes
provisions for Federal taxes of approximately $24,000 for the three
months and $48,000 for the 12 months ended June 30, 1942, additional
to the amounts required under the Revenue Act of 1941. ,
Subs.)—Earns.
1942
30—
profits
excess
$0.33
$0.68
$0.65
$0.56
and
income
profit
half of
surplus
from
stk.
—_
$312,568
$407,268
$558,157
$0.58
$0.75
$1.03
•After charges and Federal
income taxes.
(On 539,990 shares of
capital stock.
'
Note—For the first six months of 1942 provision for Federal normal
tax was $230,000, with $104,000 additional for possible further 1942
taxes, compared with $290,000 normal and $360,000 additional in first
408,678
4,965
for Federal taxes
the current month and $1,036,0/0 for the three months and $2,044,000
for
the 12
months ended June 30, 1942, additional to the amounts
Income
1,-
on
com.
—
(Earnings
366,115
80,461
H" 'Includes provisions
Other
$431,255
Period End. June 30—
made
American-Hawaiian Steamship Co. (&
6 Months Ended June
sh.
par)
•Net
82,025
—
other
&
1939
$886,050
American Stove Co.—Earnings—
1,736,941
taxes
1940
$849,616
in the revenue bill as passed by the House
Representatives,^—V. 156, p. 747.
of
Bal. carried to consol.
10,400,691
1,039,502
375,340
—
per
(no
67,064
required under the Revenue Act of
—
etc.
Earns,
14,651,246
17,704
income
Other
1941
$728,535
ripnrpr
flfl,#1!*
inc
taxes,
Co.—
above)__
(as
(& Subs.)—Earnings—
1942
provided at rates included
equity of co. in inc.
subs,
at
effect
The
301,320 shs.
7,177
Expenses
JFederal taxes
1,215,872
851,595
37,304
computed
6 Mos. End. June 30—
'
.
equity
Other
12,756,787
649,978
provision for the six months since Jan. 1, 1942,
rates proposed by the House Ways and Means
of this adjustment has been to greatly reduce
the indicated net profit of the third quarter of the company's fiscal
year.—V. 155, p. 2090.
been
Committee.
American Stores Co.
minor,
Amer. Pwr. & Lt.
Net
13,097,683
•Federal income and excess profits taxes are being accrued at a rate
which, in the judgment of the company's management based on present
indications, will approximate the Federal tax liability of the company
at the end of the year 1942.
Adjustments, if any be required, will be
made when the Revenue Act of 1942 has been enacted.
The provisions
for Federal taxes based upon income set forth in this statement reflect
the effect of extraordinary deductions in taxable income as a result
of refinancing of a subsidiary in 1940.
tDeficit.—V. 156, p. 598,
_______
3,519,349
1,792,935
etc.
taxes,
Note-^Federal tax
15,662,463
co. in
income of subsidiaries
Balance earn, for com.
Stock
15,739,437
public-
to
profits
provision for Federal income and
amortization,
depreciation,
Note—Federal
Net
1,681,904
1,356,596
83,399
92,928
140,767
54,165
and
3,903,114
I
interests
of
9,542,426
•After
&
public
2,728,437
$2.25
1,210,103 shares of capital stock
Earnings per share on
37,539,637
Total
pfd. stockbonds & adv.
on
divs.
tPfd.
1,681,904
2,184,158
54,165
65,676
3,429
866,866
Divs.
103,984
33,415,518
operations—
profit
Npf,
& Elec.
com.
135,143
8,771,586
3,884,856
14,438,691
12,756,787
3,043,091
16,512
7,404,205
to
int.
Net
19,616
(net)_^_
income
from
•Net
excess
revenues
oper.
Other
•
1950,832
sales
Profit
*
1942
$58,381,015
17,140,797
_I
17,086,598
Earnings before taxes—
has
Net
-
.
,
,
stock-
on
taxes
reserve
subs.:
from
Divs.
Int.
.
1344,604
Inc. of Amer. Gas
•Taxes
10,634,953
Prop,
265,539
.
above)
Int.
11,431,826
•Federal
27,320,930
7,374,150
1,077,794
4,430,294
3,043,091
1950,832
1344,604
consol.
Undistribut.
(as
expenses
net inc. of
Undistrib.
subs,
27,439,483
Other
_____
12,585,517
9,542,426
1,233,326
2,184,158
522,262
866,866
stock
common
on
29,034,227
Portion applic. to
stock
common
revenues
Operating
for"
CftrnGd
Divs.
Operating
12,685,814
83,333
0,333
484,072
1,272,035
taxes-
income
•Federal
$
118,784,935 111,015,898
47,310,564
42,387,685
16,337,481
10,156,809
10,250,872
9,955,033
$
$
$
Net
1942—12 Mos.—1941
1942—3 Mos.—1941
Period End. June 30—
(& Subs.)—Earnings— ^
the Nine Months Ended June 30,
Earnings for
Subsidiaries)
(Including
Account
Income
27,055,390
1942-Month—1941
$
$
July 31—
consolidated:
Period Ended
Operating
Consolidated
American Steel Foundries
Subs.)—Earnings—
American Power & Light Co. (&
Electric Co. (& Subs.)—Earnings-
American Gas &
Monday, September 14,1942
& FINANCIAL CHRONICLE
THE COMMERCIAL
952
A.
Eastwood,
letter to stockholders:
general business conditions and current earn¬
Co. (Illinois) were
tion of quarterly dividends on the $6
/were mot paid on /the^ cpipp,aratively
Armour &
1938. Arrearages
share.*
President, sent the following
"During the last year
ings of
on Jan. 1,
such as to warrant the declara¬
prior preferred stock. Dividends
few, put;sta.nding- share? ;pf 7%
'
.Volume 156
Number 4107
cumulative
preferred stock
bursements may be made
arrearage
"For
the
on
the
or
the
on
these
on
prior preferred
half
first
of
this
THE COMMERCIAL & FINANCIAL1 CHRONICLE
stock
common
stocks
when
because
there
is
dis¬
no
countries.
dividend
a
All
fiscal
present
earnings
year
were
on
demand
for
meat
civilian
both
by
population,
being possible
the
Government
livestock
caused
account of
on
the
meat
prices proportionately.
In
business changed from a profit
for
war
prices
to
and
purposes
used
it
regulations to raise our
short time the company's meat
very
to
loss.
a
This
condition
does
the
"under
have
greatly increased
their
of
production
and
hogs.
Marketing is already at a record rate, and in the coming year
the meat industry will be called upon to slaughter and
process and
distribute more cattle and
hogs than ever before in history.
This
will
it
call
for
becomes
considerable
maintain
way
"While
It
when
they
Sept.
2,
sound
a
the
is
credit
policy
because of
the
position.
the
of
board
earned,
of
directors
they decided at
situation
reported
the
in
ment
business outlook."—V.
156,
The
Months
Net
sales
Cost
of
June
\
30—
1942
Y
Y
profit
Selling and
from
admin,
,
25,986,857
4,745,220
retire
in
time
debentures
the
March
on
$9,809,870
face
purchased
amount
of
$7,439,670
U.
S.
Fidelity
&
call
for
Guaranty
the
Inc.
-•
profit
from
on
from
operations,
marketable
and
before
other
4,950,844
$6,236,103
Total
Prov.
income
for
inc.
284,530
Y
—_
deprec. & amort.
136,765
-
$6,520,633
1,055,718
obsolescence)
Prov. for gain on sundry investments, etc.—Y
Federal and Pennsylvania capital stock ' taxes—
132,493
limited number
normal
Provision
for
Federal
excess
Prov.
for
addit'l Fed.
taxes
income
profits
under
Adj. of invent, to lower of cost
53,832
>
-
91,121
75,392
taxes
J 897,372
1886,455
Total
Dr3,771
Earnings
per
Combined
*1940
share—,-,
common
income
net
Revenue
Bill.
of
Act.
foreign
11941
y
■
■
Act.
$1.69,
111,859
(Proposed
155,895
Note—The
operating results of the foreign subsidiaries have (with
modifications) been expressed in U. S. dollars on the basis of
minor
Net
average' exchange rates quoted during the respective periods except
that depreciation charges have been based on the U. S. dollar cost of
their fixed assets (as revalued Jan. 1,
1933).
These amounts repre¬
dated
income,
of
ment
of
its
the
included
not
are
but
in
reflected
are
the
earned
in
company's investment
equity
statement
surplus
of
consoli¬
through the adjust¬
in foreign subsidiaries to
underlying net assets.
the
in
foregoing
Balance
the
basis
Assets—
June
'.*•
for
S.
U.
accounts
Government
from
Due
Inventories
Notes
Prepaid
accounts
advances to
tProperty,
and
plant
i
Total
Accounts
Due
to
payable
293,589
438,763
24,005,944
354,022
331,399
,y
'
C
,
•
accrued expenses,,
Dividend
Operating
for
payable
and other
$62,434,225
V:.Y>: Y> -;Y-:\:
696,406
490,121<:
319,840
Patents,
269,398
—
deferred
subsidiary
Class A
500,000
stock
($100
surplus
5 V2&
Total
—-YY
—V.
—,
26,383,324
Associates Investment
14,229,988
13,432,837
(After
securities.
other
reserve
for
from
sales
Y—
——
Federal, State and excess profits
June 14, '41
$3,397,417
$3,366,312
487,603
376,322
.
377,467
204,156
profit
Earns,
per
$111,281
$0.48
$173,311
$0.79
taxes—,.
—
share on 200,000 shares of com. stk.
assets
Current
as
liabilities
current
r-
1,321,636
■
208,143
I_—
Gross
of
20,
June
$561,008
were
1942,
amounted
compared
as
$918,931,; respectively, on June 14,
on
notes
$5,487,119
$5,088,922
3,204,536
2,772,180
$2,282,583
$2,316,742
140,620
134,494
1,333
for
Fed.
normal
$2,417,077
423,163
492,233
inc.
925,000
766,000
tax
,
300,000
Cash
.
income
paid
*On
434,061
shares
stock.
Notes—The
have
the
parent
the
six
months
and
for
with
$2,494,177
and
436,057
456,747
437,797
$2.27
t$2.00
t$2.76
ciates
Building
shares
Y.;
shown
as
above
equity
$7,366; Emmco Insurance Co.. Inc., and
(consolidated),
$299,290;
National Industries,
Inc.,
sidiary
Morco
General
Agency, Inc.,
1942—Month—1941
period End. June 30—
before
after chgs. but
Fed.
Sheet
June
income
taxes
Current
assets
liabilities
rent
Assets—
Y
-
as
were
$123,821'
of June 30,
'
$197,169
$672,309
$565,546
to $4,633,469 and
with $3,597,411 and
1942, amounted
$2,742,832,
comparing
cur¬
$1,-
respectively, on June 30, 1941.
.
«
reports volume of new work booked since the first of
amounts to $10,700,589.
Contract work on hand June 30,
1942, totaled
$22,504,656 and the outlook continues satisfactory.—
V. 155, p. 2363.
'
'
\ •'
345,458,
The
the
company
year
the
trustees of
Office
in
sub.
furniture
Deferred
and
charges
4,
Reserve
had
Associated
Mortgage
Cos., Inc.—New Offer Made
to
Holders of Debentures—
An
offer
ration
United
5 000
to
the outstanding debentures of this corpo¬
$7,439,670 in face amounts,has been made bv the
Fidelity & Guaranty Co. of. Baltimore to approximately
purchase all
totaling
of
owned
States
holders
.residing\in
?
each of the 48 States and several foreign
cumulative
"Common
capital stock.
Earned surplus
:
shares, including,
The
correct
16ss
have
The
of
power
other
the
have
two
been
divisions
future
essential
of
nature
natural
one
and
people."
of
securities
stockholders
base
pro¬
production
the
to
as
disposition
of
should
$1,-
not
be
for
determining such a
reported asset value, but is
on
company
the
Steps
recognized
that
bearing
organized
was
and
took
over
The letter states that if the values
at
been
been
of
represents
the
because
have
■;
months.
optimistic
on
reported
would
-Y
record
this.
is
states
predecessors.,
were
would
worthless
as
Dec.
31,
shown
If the
true
June
at
$921,000 and
over
a
1941,
rather
had
been
than
consolidation
used
loss,
a
which
as
and
formed
30,
but such
writeoff
a
resulted
in
a
tax loss of over $8,000,000.
Statement for
Six
Months
Ended
June
30
and Its Investment Company Subsidiaries]
1941
1940
1939
$585,103
$824,619
$768,054
$460,807
99.399
—„
76,318
284.772
119,542
Y
———
—
——_
439,006
495,715
606,813
668,991
———
$245,495
$405,221
$553,332
*$88,642
1,971,392
*1,582,972
3,854,992
—-
Profit
.
107,318
i
$1,160,144
—
$580,340
:
t$900,936
.282,929
Net
profit
sales
on
securities
of
of
'
'
;
the basis
on
cost
average
38,189.800
de-
'
11716,300
'
.
,
.
duct,
provision
Prov.
Prov.
for
—
2.511,065
2,746,671
Preferred
——
2,487,037
5 265,638
Common
6 000 000
6 000 000
($100 par)
7.382,300
9.800,000
—
2,655,196
3.084,322
.
.
-
for
tax
*$1,725,897 *$1,177,751
tax
30,000
contingencies
9,500
Fed.
for
1.647,736
income
$4,408,324
$627,658
1,264,848
Y
—^
—„
14,623,952
77,996,734
nn
capital surplus.—V, 155,
inc.
Net income for
.
the
13,596,293
an^
p. 2003,
applicable
118,484,008
456,747
.
H
no
,.
.
of
against
par
,
1940
sales
.
r
above
company
*
488,268
•
58,400
—
—-—.
($3,920,056
550,312
594,167
668,539
615,041
666,002
721,740
(Includes
consolidated
11,600
,
period *$1,765,397 *$1,189,351
dividends
dividends
*Loss.
in
f>av
this
are
stated:
recent
spending
letter
Corp.
'
Y
„
hw
Y
Odium
Ogden
conclusion, and
during the six-month
$684,501
75.078,500
etc
—...—.—
*ReDrp«>Tvt»"i
will
of
towards
sold
i.e., theatre operations, picture
during
realized
by
by
income
Expenses
4,455
156,105
payable..
pfd. stock
Mr.
management
pent-up
net
profit
a
loss of
993,722
—a.
notes
affairs
been
Y—-
77,996,734 118,484,008
payable,
——
Total
for
a
securities
Total
83,119
—i
Reserve for losses on receivables and repossessed
automobiles
1%%
the
slowly,
have
off
1,010,000
72,048
.
5 Vo
that
industry, due to
period and because
[Corporation
50,425
21,831
dealers—
income
100.00%
major
though
practically no
the way
the
same
2,703 662
accounts
from
7.32%
61.78%
Underwriting fee Y—
3,515,000
—
——Y
taxes,
12.90%
18.00%
$45,911,358
that
believed
Your
misled
Federal
Unearned
862.
is
Net income before
for
be
8,266,272
28,365,677
123,761
—
Funds withheld
to
% of Total
3,355,310
y
$
—
(net)—i—
Y
...
results."
stated
were
$5,924,099
two
states
good
Consolidated Income
1941
268,439
consolidated
equipment
Total
Five-year
p.
not
and
broad
quanti¬
into civilian chan¬
of overall
YY—,—Y
distribution.
been
Income—Dividends
consolidated—
(sundry)—.——.--.—.—.
Notes payable
Associated Gas & Electric Corp. report for the week
net electric output of the Associated Gas <te Elect,rii
group was 123 217,896 units ikwh.V.
This is an increase of 15,213,630
units, or 14.1 above production of 108,004,266 units a year ago.—V. 156,
Sept.
Investments
such
vast
written
106,028,374
—.
not
planning
No
does,
had taken place at certain other times than Oct. 1, 1936.
example, the letter points out that stock of Central States
Co., carried at only $1,604 in the Dec. 31, 1941,, report, was
10,900,945
automobiles
co.
pro¬
company
sub¬
66,349,138
Receipts from sub. insur.
it
1942,
"•
the
even
President's
an
$45,514;
$
receivable
Repossessed
central
Amount
it
or
base,
book
Asso¬
——7,615.173
—
Accounts receivable
war
production
Electric
Liabilities—
Associated Gas & Electric Co.—Weekly Output—
The
ended
Notes
30,
its
to
the
30
'■
Cash
the
of
credit.
as
the light
war
result
the
com¬
its
1942
•
.
for
1942
Balance
1942—6 Mos.r-1941
>
State
&
of
stockholders,
rate
:-
:
that
picture
outlet
Interest
Net prof,
in
——~Y
$55.
Consolidated
and
great
June
at
picture
As
of
Co.,
Arundel Corp.—Earnings-
to
Y.Y; Y YY:
it
the
loss
that
v'
follows:
as
75
holders
to
substantially sur¬
to what has happened
Y
report
well.
the
which
at
1942 period does not
undistributed net income
companies,
the
to
and
primarily
YY
properties
not
which
securities
for
the
in
same
time
job
■
:
surely,
and
has
motion
book
stock
non-consolidated
of
the
with
industry
has three major divisions,
desirable
200,000
company's
due
appraised
yyY;—
The
done
the
——Y",
456,747
to
alike
that
up
out—requiring,
Radio-Keith-Orpheum,
division
$1,459,691
ton
1
letter
officials
out
entitled
etc.
l
Y
to
As
confused
245,241
stock,
be
Y
stated
along
440,000
$1,158,843
::;Y -Y-
Sept.
Y-^——Y——■
subsidiary
971,392,
212,969
common
income
net
include
$2,214,477
of
Y.
public
corporation
-
Odium
418,385
$1,196,409
com.
on
share
per
the
in
ductions
$2,318,075
-..r_
——
dividends
Cash
is
same
amounting
normally find their way
dislocation and hardships not only in Indus¬
but in civilian life as well.
Annoyances
'
stocks
"RKO
stock.
paid on pfd.
Earnings
to
1941.—V. 156, p. 395.
Y
———
dividends
the
notes
Referring
taxes—Y-Y-
profits
excess
$2,844,572
payable and other
Y
Y——
.obligations
business
dividends
finance,
■
period.
Y
$2,703,952
—Y—-Y——.
income
Interest
the
At
on
of
This
year.
stock,
stock
common
close
share in
follows:
stocks
$6,216,978.
Subs.)—Earnings—
—
out-
holdings of. the corporation
Ogden Corp. and Radio-Keith-Orpheum Corp. ."'The report
showed an ownership of over, three-quarters
of the stock of Ogden
Corp. carried at a total value of $10,336,640, and 44% of the voting
stock of Radio-Keith-Orpheum Corp., that
holding being carried at
958,486 A., 799,659
1,820,881
operations..—.
the
per
that
'
Mr.
were
during
mon
Net
and
Y Y
46,920
the
but before taxes,--.
charges
from
Y
value
123,908
.
$4,524,834
credits.
A
.
asset
an
the
on
at
mid-year
caught
carried
fairly
of
as
1
Common
1940
Y
discloses
cents
payment
his
private
both
are
be
and
receivables,
taken
income
Net
June 20, '42
:
—
after
Proiit
Y
-
Preferred
;, ,>28,426i.
1941
operations
income
Federal
Corp.—Earnings—
Artloom
{&
Report—
preferred
remarkable
which
must
assets
Bonds
11,658,000
1942
expensesYl~-—-Y-
Net
Provision
1,410,866 no par shares,—V. 156, p. 660.
by
24 Weeks Ended—
Net
depreciation of $19,-
in 1942 and $20,706,838' in 1941, and less reserve for revalua¬
as of Jan.
1, 1933, of $2,771,738 in 1942 and $3,520,877
result
Cash,
1,194,300
$62,434,225
effected
1941Y (Represented
in
$64,615,086
—-Y---------------
"Includes
>
50
pointed
now
Powers,
resulting
divided about
moving
Co.
on
20.
i, 1940.
factories.
materials
raw
commerce
that
$24,648,224
123,873
in
He
has
"A
can
nels—without
26,383,324
—
-——Y-
>
Total
147,975
1,396
•
Six Months Ended June 30—
income
for
378,189
Y-Y^____r^- $24,560,661 $24,648,224
156, p. 510.
Sept.
Oct.
op
after-deducting for all
record
of
for
Axis
officials
of
1,038,308
1942).
share
per
record
and
declared
was
the
date.
the
year,
supervisory
2,231,482
——
the
that
"
■
.
cents
of
paid since 1938.
President,
said:
ties
208,143
1,
50
1941,
during the current
on
American
own
the
cites
700,000
that of
Odium
conversion
48,816
Capital surplus (unchanged since Jan.
22,
share
total
a
declared
was
to
fast
1,038,308
reserves
of
holders
holders of
to
stock
Nations
42,000
v
—
estimated
'
results
United
3,037
1,368,466
companies.—;
is
corporation
per
share
per
12
makes
dividend
Odium,
233,362
11,604,000
to subsidiary
accrued :
of conversion of industry to
production has been done in the United States since the
beginning
of
4,050,805
liabilities
Current
Due
B.
our
war
1
Reserves
the
$11.01
14.
Aug.
360
debentures
of
of
cents
common
1,490
stock.—:.—
25
share,
per
Mr.
873,058
stock—3,792,457
preferred stock—
983,650
Other
tions
1
(par $1)-——YY~<
report
This
quarterly
the
in
$3,296,700
stock
to
Dec.
;
of dividends that has been
passed
$3,084,400
cumulative preferred
1
on
praised industry executives and
1941
preferred
$4 cumulative
Common
dividend
a
Oct.
made
Y
stock
14, 1942.
The
cumulative
$6
It
Corporation—Semi-Annual
dividend of
record
$23,159,181
806,193
stock—————
preferred
2179.
p.
common
Floyd
——————$24,560,661
cumulative
has
company
earnings for1 the 12 months
$920,000 and $453,000, respectively.
are
declared
payable
payment on Sept.
cents
not consolidated)
;
1941,
was
semi-annual
regular
Liabilities—
7%
have
stock,
272,275
companies..——
664,889
rate
a
and
distribution
duction
—
78,000
660,399
1942,
351.
paid on the
of
—
Total
•
Operating
v
A
for
30
—
30,
value
Aug.
$799,659
—
receivable
from
Gross
surplus
——
charges———
banks
in
8,123,465
Earned
etc.—
1942
directors
the
try,
705,432
reserves—Y—YY—
unemployment benefits—
preferred
Paid-in
$958,486
$23,438,341
rights,
,78,000
June
stock at the rate of $50.25 per share, which is its
plus accrued dividends.
Total assets at June 30, 1942, were
$45,911,358.50, which is equal to two and one-half times the par value
of preferred stock
outstanding.
782,012
,,
1049
patent
$781,852
„—
ended
respective Revenue Acts.
State taxes applicable to the
p.
155,
par
23,568
Unamortized debt discount and expenses——.—..
par)—5,299,400
cumulative
4%
are
—
16,527
$379,685
.
;—;
months
30,
common
for
3,526,710
inc.
156,
The
321,846
10,769
June
„
the
June
The
the
;Y- YY'
Sheet,
23,126
(B.;F.) Avery Sons Co.—50-Cent Common Div.— 1
$3,003,538
5,714,688
profits &
excess
of
and
—V.
29,559
'
838,490
—YY————
30—
305,440
26,060
23,034
a
passage
*$5,922
—_
357,040
.
expense.
—
.1.
six
Federal
31,683
—,
—
and
265,125
of
approximately 43Y and excess profits
graduate scale of 50'/e
to 75%.
Accruals prior to the
Revenue Acts for the years 1940 and 1941 were of
necessity
based upon estimated
rates, with periodic adjustments after the
on
ended
rate
1—:
discount
.i—...
stock
Atlas
$109,228
•;
_
debt
charges—.-
dividends
the
similar
31,462
Y
(Common Stock ,,————Y—*."—8,123,465
earn,
also
$347,609
319,628
expenses—
(The accounts of subsidiary companies
500,000
5,299,400
wage
and
Earned surplus
tax
Federal
for
discount
$1,126,946
standing preferred
84,835
surplus——,
Investments
Surplus
•
foreign subsidiaries—,——,—
State inc. cap. stock and other taxes
Provision
1
.1;'
•'
Y-'
$3,347,975
for
Prov.
Res.
Y
-
ahd
4,175,022
$64,615,086
t
998,756
-
25,237,426
-
————
.
172,557
i
4,498,339
Paid-up licenses and rent on leased machinery
Goodwill, etc,'.———-Y —•YY-— YY-<:
Liabilities—
42,315
15,313,238
1,103,838
foreign subs—
equipment—
u
95,303
——YY~—,
investments
Other
19,288,550
Y—;————.
and
in
taxes
$431,764
84,155
$460,318
Y—:
$1,392,071
passage of
connec¬
."
34,521
$1,092,613
306,793
accruals
reserve
bonds...i—^—.w—
of
151,600
246,494
384,097
$785,820
Federal income taxes at
1941
$545,152
Comparative Balance
8,901,100
25,634
receivable—non-current—*
expenses
Investments
"For
$402,205
•
42,182
Y'':"
taxes
—
Y
Deficit.
Due
*1,665,862
231,328
——
—
and
$502,970
$1,337,550
1*088.803
3,692
—
income
Common
mortgages.
Y"'
1942
w
subs
Y;
surplus—
*
1941>
,YY—_
subsidiaries—
from
on
income
Net
$6,389,267
receivable—9,485,407
securities-^,-
foreign
estate
$1,088,920
res.
r—
Preferred
: ;v.
———a——_
debt
June
Accounts
1942
.
and
real
* ■»
-
retire,
(net)
3,903,954
could
__u—_2
of
Balance,
Cash
$4,001,649
——
Notes
and
interest
Direct credits to
30
'
'
r
Cash
;
interest
^Balance
Other
'
Sheet,
'
:Y",.Y '-Y .YY:
*
.
Surplus, cJanuary
,
Consolidated
guaranteeing
1914.
———;
expenses
Amortization
the net earnings for the respective six-month periods (except
that only five months' operating results are available as to the French
and Spanish subsidiaries for 1942)
have not been remitted in U. S.
and
of
p.
—
senting
dollars
155,
*
earnings
General
Revenue
1942
YY--
V ,Y..
;
business
income
Debenture
$2,492,281
$0.92
subsidiaries—
Revenue
•:
,
$1,405,003
—
former
"Sun.")Y-V.
Operating
Cr20,339
from
domestic operations—transferred to earned surplus
*
the
6 Months Ended June 30—
■
income
with
Interest and dividends received
as
necessitated under "last-in, first-out" proceed.
Net
Other
'
>
.
remaining liability of the U. S. Fidelity & Guaranty Co. in
Other income
*716,854
proposed law
basis
debentures
before
excess
income
Amortization
the
Associated Telephone & Telegraph Co.—Earnings—.
:
30,180
*1,315,440
tl,968,619
inc.
oper.
income
Gross
—V.
108,071
■
State Income and
income before retire,
Retirement reserve accruals—
Dr4,874
tl,058,328
taxes—
mkt.
or
of
under
accruals
—
Gross
of
(Baltimore
„
for Pennsylvania income tax—u—l
Miscellaneous charges (including interest)
Federal
1
Cr2,l06
Provision
for
Utility
and
Associated
was
forced
to
reject
approximately
approximately $12,000,000 debentures tendered."
■
<'-'>
"The present offer to buy debentures is unlimited in
amount and all
tion
$6,680,655
927,929
Unci,
Provision
&
"another
that
is
prof, taxes
—.———
Genera1 taxes
"Federal
accepted
all
Y
that
further
offer
1941
$7,110,498
————
Maintenance
Other
1942
$9,470,552
5,118,571
1,600,855
256,377
321,204
1,084,624
—
purchased
gas
Other
The amount has been reduced through various moves to the
$7,439,670
Avssociated debentures, guaranteed only as to interest.
Retirement of
these debentures through the present
purchase offer would-wipe out
$6,543,890'
recovery
jion-oper.
remain
<
deprec.—
sees.,
salvage materials & sundry
Operating revenues
Operation—natural
Interest
asserts
present
c
Co.—Earnings—
12 Mos. End. June 30—
retired.
tenders.
Co.
comparison favorable to
plan of Associated only a
mortgage bonds outstanding.
Net
and
on
Atlanta Gas Light
outstanding under a call for
Of $17,299,170 debentures
30.
were
panies whose collateral mortgages were guaranteed in, whole or in part
by the United States Fidelity & Guaranty Co.
When the refunding
plan became effective in 1934 there were about $31,000,000 of these
deprec. $10,981,323 $11,494,734
deprec
of
that
ICC
Aug. 31 issued a certificate permitting abandonment
by
company of a branch line of railroad known as the
Three Sands
District, which extends generally westward from a
point near Marland
to Lio, about 9.87
miles, in Noble County, Okla.—V. 156, p. 862.
debentures delivered before the expiration of the offer will be
accepted,"
the company states.
The present offer to buy all remaining Associated
debentures is the
final step growing otit of the
refunding plan of various mortgage com¬
$37,481,591
29,726,382
before
excl.
■
1941
$40,707,705
operations,
expense;
^
Atchison, Topeka & Santa Fe Ry.—Abandonment-—
The
the
Associated Mortgage Companies, Inc., have been
denominations of $70 principal amount or multiples thereof.
$2,500,000
Subsidiaries)
sales, exclusive of depreciation
Gross
•
Ended
Domestic
and
by Associated
of
tender
Co.—Earnings—
(Including
6
purchase
issued
in
point
be
Y Armstrong Cork
of
Baltimore,
Oct.
retiring debentures under its
510.
p.
amount
of
All debentures of the
the stocks of the Illinois
on
pending resumption of satisfactory earnings and an improve¬
company
face
Bank
liquidat¬
ing value of $27.14 per $100 face amount, while there is now no
liqui¬
dating value since Associated exhausted its assets in purchasing and
dividends
pay
$100
per
National
The United States Fidelity &
Guaranty Co. points out that the prices
$50 per $100 face amount of Associated debentures
compares favor¬
ably with the average tender price under the recent call for tenders.
At the time of the tender
plan Associated debentures had a
the monthly session,
and the uncertainties
above
lying immediately ahead, to omit dividends
to
than
First
of
'
;
"
■
to
issued
additional
currently
are
*•
working capital and, consequently,
important to conserve earnings and in every possible
more
later
the
outstanding
without any assets available for the
payment of either principal or
interest.
The payment of interest on these
outstanding debentures (but
not
the
principal)
is guaranteed by the
United States Fidelity &
Guaranty CO.
not
cattle
not
Debentures
(Illinois) alone, but to other companies as well.
of the U. S. Department of Agriculture the nation's
urge
flat
$50
1
outstanding at
apply to Armour & Co.
livestock- raisers
is
to
five
tenders
price ceiling
a
offered
delivered
15, will be accepted and paid for
days of their receipt. • Y
i'
'
:
Last spring all the assets of Associated
Mortgage Companies, Inc.,
were reduced to cash
amounting to $4,742,224.76, and all this cash was
within
by
without
advance
price
debentures
depositary,
a
satisfactory basis.
However, several months ago the OPA established
ceiling prices on retail and wholesale cuts of meat, but did not estab¬
lish ceiling prices on livestock.
This fact, coupled with an abnormal
the
The
debentures.
stock.
953
$81,526
in
$86,442
and
1942
dividends
($569,258
682,155
794,769
from
non^
majority-owned subsidiary company.
lAmounts shown in
of income are after eliminating portions thereof
statement
to
and
minority
$3,709
notes
of
in
Interests, representing
1939.
affiliates
a net income of $4,999
HAfter deducting profit of $1,262,987 on
of
unrealized depreciation
at June 30, 1939^
i
Utilities
of
,
.
Power
notes
*
t
of
t
&
other
Light
Corp.,. offset
affiliates
of
that
1
1
l
954
THE COMMERCIAL & FINANCIAL
CHRONICLE
Consolidated
Balance
Sheet,, June
30
__
HDivs, receivable, int.
HReceivable
^Security
_
122,383,989
charges
issuable
on
capital
for
Provision
for
current
tons
addition
stock
13,548
17,667,000
19,256,350
12,105,825
_____**31,837,968
cumulative
(par
11,246
(par
;
-
$50)
$5)....,
____*
...
$597,222,
at
(£>r)_
carried
the
management
above
for
(Representing
.
June
by
of
purpose
30,
brass,
ings,
1942,
representing
par
to
under
1,632,153
15,019,450
management
Power
(cost
of
&
stock
in
155,
by
above
canvas,
income
Earns,
Car¬
1941
administrative
would
road
lateral
1942
1941
$2,899,168
$1,944,724
2,086,235
302,542
Net
of
Mottoon
6%
on
gold
income
$533,830
for
33,858
3,790
period________________
277,448
per
share
common
Commerce
$215,375
*
which
collateralize
and
$8,000,000 of
mature Jan.
Pisctaquis
extension
4%
a
Commission
1
with
consolidated
first
mortgage bonds.—V.
depreciation
and
amortization,
but
profit
Sept.
3
sh.
per
on
156,
before
$1.19
v
1942
depreciation,
and
1941
after
at
depletion,
1.
;•
30,
provision
for Federal
for
a
»
-
"
Sheet
Cash
Notes
War
and
and
in
accounts
Department
banks
receivable
(less reserves)
reimbursement
$417,429
1,313,786
requests...
•Operating
plant, property
&
equip,
(at
608,026
603,476
cost).
Investment in and advances to Atlas-Thornburg
Engines, Inc.—a 56%-owned subsidiary
Real estate, non-operative
50,803
construction
nance
contract
Prepaid
expenses
Diesel
under
War
deferred
patents
Employees'
19,067
5,000
Dept. ord¬
...—1
115,670
;
*
After
Total
...
$3,599,683
bank
payable and
for
Dividend
$400,000
,
credit
balances..-.^...,
income
and
excess
277,448
profits taxes__
387,094
surplus
902,020
Canadian
902,010
371
..__
381
^
657,188
.
exchange loss
1, 1934
;
Total
12,101
12,101
1,051,950
$4,706,402
revenues—
Net
Federal
income
Net
income—_
and %
$2,890,240
charges and taxes__.__
—V.
156,
$0.80
:_____
shares.—V.
common
1941
the
and
series
2V2 %
record
:
4,841,854
34,834,575
868,640
784,007
17,330,664
$1,2.72,090
783,702
758,911
........
15.
series
A
Baldwin
declared
5%
Cost
Locomotive Works
A
on
Operating
1942
profit
Oct.
wipe
interest
4%
1
out
of
•After
1941
1
as
5,678,360
depreciation,
after
provision
been
interest, Federal income taxes,
for
excess
•
in
the
first half of
holders
of
due
arrears
Net
of
and
,
,
.
'
$5,694,308
.
Net
£$145,044
239,879
received
&
income
Prov.
for
/
______
Total
■
.
from
$10,566,140
$5,319,437
1,172,408
*5,451,043
1,655,351
§$12,218
1,131,956
*9,037,250
minor,
300,000
1585,963
■„
profit
net
1,808,084
'■
Drl,456,345
(I$4,463,145.
$2,486,345
Dr797,785
$1,734,345
Dr548,702
§$1,988,667
profits
a
Revenue
new
Act
for
1941.
(Provision
Pennsylvania income taxes of subsidiary companies.
per
outstanding,
1941.
share
on
1,028,488 shares of
exclusive of 254 shares held
The
revised-
net
profit
is
$13
in
for
Federal
§Loss.
the
common
treasury
$1,393,882,
or
and
1!Equiva¬
value
par
.
$1.20
**As
in
Federal income and
have been
90%
for
V.
estimated
excess
in
the
156,
p.
the
*:•»..
•
holders
/
'
/
''<•
$603,573
$368,235
—;
,it-
*:
.
Corp.—40-Cent
cents
Dividend—
share has
per
1
to
been
holders of
made
declared
record
;
the
on
Sept.
15.
common
A
similar
on
Co.—Output Up 6.6%—
the
week
company,
ended
26,791,000
of 6.6%,
as
29,
1942,
for
the
week
kwh.
"•
;
reported
Aug.
to
the Edison Elec¬
was
28,559,000
ended
Aug.
kwh./
1941,
.
...
%:■
29,869,000
year.—V.
..V, ■
...
,
30,
7 •>. •.?
..
156,-
a
by
Vice-Chancellor
board
of
Henry
directors
T.
recently
Kays
named
Directorate
on
r-.
of
♦> ';.
New
for
*
Jersey
the
of
a
corporation,
on
hearing
in
Mr. Garey's protest, Mr. Kays directed
parties in-'
reorganization, to show cause on Sept. 7
why the
should
the
not
be
agreement becomes
accepted.
Court
effective,—V.
approval
156,
p.
is
necessary
before
689.
50.911
tax___
47,177
."J!.
735,000
*334,000
8,300
—$13,355
$218;662
—
; William A. Bates, works manager of the
Long Island division of this
corporation, has been elected Vice-President in
charge of all manu¬
facturing of the company, it was announced on
Sept. 3 by C. A. Van
Dusen, President and General
Manager.
Mr. Bates was Production
Manager in charge of the planning and material
division.
•
283,951
income
-
$28,921,392 $24,611,144
BrewsterAeronautical Corp.—New Vice-Pres
Fed.
It®
135,781
44,935
(Obsolescence
of
1942—8 Mos.—1941
$2,554,292
preceding week ended Aug. 22, 1942, output was
gain of 13.2% over the
corresponding week last
delayed
$232,454
15,510
Net
profit
—
$312,758
profits
tax.
$710,000
in
1942
and
$190,000
(Includes obsolescence.
/■
/
Balance
Assets—Cash in banks and
Sheet
.
in
.
1941
for
.
/
.
June
30,
Federal
he
in
had
been
for .many
with
years
excess
the
profits taxes for the first halft of 1942
provision for taxes on the basis of a
45% normal tax and surtax as provided
above
profits tax and a
tax bilk Just passed by the House of
Representatives.—'
new
862.
Previously
the
Glenn
L.
Martin
249.
p.
excesa
-V-
,
Co.—V.
156
'
.
Brillo Mfg. Co., Inc.—20-Cent
Common Dividend—
,-,s
1942.
.
hand, $977,707; U. S. Treasury certili- % /- The directors have declared a dividend of 20 cents
per share on the.
common
(including accrued interest) $395,266; account®
stocky and the regular quarterly dividend of 50
cents per;
receivable, $196,418; inventories, $560,678; other assets, $97,324; prop-;--* share, on the class A stock, both
payable Oct." 1- to holders of record *
erty, plant and
Sept. 15.
equipment
(less
reserve
lor
depreciation $45,940),
/
$319,106; total $2,546,499.
■V
On July 1, last, a distribution ■ of 20:
cates
of
on
indebtedness
-
.
cents
Liabilities—Accounts payable, $129,942; dividends payable on
1942, $130,372; accrued expenses, $95,706; reserve for Federal
common
July
l;
1942.-
income
serve
for
service
5-year
deferred
5%
costs;
warranties
convertible
and
cooperative
debentures, due May
1,
1944* >$340,000;;
income,
$7,980; capital stock and surplus—Class, A partici¬
($5 par), $601,200; common stock ($0.334/a par), $254,213;'
surplus, $10,504; earned surplus, $71,535;. total, $2,546,499.—
V.
155,
2091.
p.
'•
-
Black & Decker Mfg. Co. (& Subs.)
9 Mos. End. June 30—
Net
•Net
,
sales
Earnings—
1942
'
Shs.
of capital stock.outstanding
Earnings per share.
(no
par)____
depreciation, Federal and
Note—Current
to
1941..
*
.
*
assets
as
of
June
$8,476,394
1,233,062
389,263
:
——
amounted
-
995,616
profit
•After
■
$11,115,565
—
-.
$2,55
foreign income taxes,
384,704
$3.20
etc.
including $1,181,281 cash,
liabilities were $2,620,246.
These
30,
$7,287,039 and current
«
last,
as
was
compared with 30 cents each
dividends
20 cents -each,
155; p. 2273.
»•
'
during
1941
were
and July
1/Oct. 1 and
*/
also
Jan.
on
as
made
17 and
follows:
Dec.
on
the
April 1"-
Jan:. 2
and-
20, 25 cents each.
<■-
t-
Broad Street Investing
Corp.—25-Cent Dividend-*
pating stock
capital
—V.
stock*
Common
April 1,
advertising... $109,-
per
share for
this.period and includes $2,321,462 total equities
earnings of Midvale Co.
Notes—(1) Net profit for 1942 includes dividends from the Midvale
Co. amounting to $1,388,770,
Baldwin's total equities in
earnings of
Midvale Co. for this period was $1,707.38?.
common
(2)
paid
the
a
777.
the
$588,063
16,702
000;
in
has
1942—Month—1941
with
terested
taxes
*Includes
stated
*,
40
for
proposal
$6,665,000 for Federal excess profits taxes in 1942 and
1941, $2,139,00 for excess profits tax under Second Revenue Act -of
1940, and $636,000 allowance for increases In normal and excess
stock
'
system output of this
After
(59,277
440,619
-'.$1,077,241
Provision
for
(83,561
731,512
and excess profits taxes and
contingencies (including estimate for 1942 :
of $735,000)
(less U. S, Treasury Tax notes $200,480), $805,047; re-:
$4.18
depositary,-
v
Trust
.
Co.___—
Net. profit
to
America
agent.
payable Oct.
was
increase
was
$1,060,539
—
income
841,784
.
stock¬
in
Midvale
lent
of
<
■
and James H.
Aug. 28 when Eugene Garey of New
York, an attorney,
challenged the agreement under which the board was
selected*'
$2,540,435
3,118,410
______
667,123
expenses
contingencies-
under
of
$5,
par
compromise
1490
$4,521,546
50,788
operations-/-.-
'
Hill
Service
Breeze Corporations,
Inc.—Agreement
Challenged—
'
''
%
'
333,563
charges
Pennsylvania
holders
of
$14,467,518
taxes
Equity of
dividend
Approval
1941
2,766,535
_
general exp.__ _)
income
Other
132,826
409,379
1,425,405
____
.___
miscel.
Federal
and
•
■-
Investment
.
247,841
Profit
<fe
—______
amortization
units
Corp. of Boston,
the investments of Railway & Light Securities Co.*
State Street Trust Co. of Boston is
.The airectors have declared
*
1942 and/
:
in
;
$4,211,425
_
/
.
Boston,'
.of
,,
4
admin,
profit
1939
$5,079,559
_____—___________
•
of
40.000
dividend of $1.50 per share on
account
accumulations on the class "A" feommon
stock, payable Sept. 30 to
holders of record Sept. 25.
A like amount was disbursed on March 31
and June 30, last.
Payments during 1941 were as follows:
April 1, $1;
June 30, $2;
Sept. 30, $1; and Dec. 31, $2.—V. 154,
p. 1591.
2,097,663
%$2.7L
excess
„
1942
Inc.,
present
Brandon Corp.—$1.50 Class A Dividend—
profits
compared with $15,-
as
Stubbs,
the
Lucius T.
is
$1,649,398
600. '
p.
compared
p.
Appliances, Inc.—Earnings—
sales
Depreciation,
Other
1940
Home
sales
Cost
•Includes
Int.
&
of
777.
Institute
an'
1940
,
1942,
40,000
America,
organized In.
.-■■'"■T:
,l
_
profits tax.
$66,232,792 for Federal income and
made
'
,
2,105,013
.,,'$4.52
Tt
$5.22
/
of
of
The
——
Net
$9,439,567
$9,507,894
2,105,013
Six Months Ended June 30—
Subs.)—Earnings—
**1941
Weeks
offering
\
adviser
transfer
Boston Edison
6,501,616
"
"
1941
$11,035,022
capital stock
937,279 in 1941.—V. 156, p. 511.
due
obligations
to
all
the
unit.*
Investment
p.
156,
A
31,568,988
/
.
..
Domestic Subsidiaries)
profit
Selling,
$12,794,271 $10,156,761
income
Dividends
payable
(&
the
on
—$123,121,786 $64,773,523 $41,849,475 $21,431,400
108,930,502
52,764,520
34,920,871
19,726,466
1,397,013
1,852,241
1,849,045
1,849,978
expenses
.Depreciation
Other
both
2%
Whiting,
in
Charles Francis Adams.
manages
funds.
Bond
For
1942
Issue
Trust
98,705
$9,122,164
5,937,342
Corp.—Earnings—
additional
an
Investment
•
Is
them
per
are
and
156,
kwh.,
Earnings per share——,
Note—A reserve of
accumulated
on
of
This interest payment wiil
debentures.—V, 156, p. 862.
__
of
rate
debentures,
12 Mos. End. June 30—
Sales
payments
the
at
with
Borg-Warner
-
....
154,
..
April 1 and July 1, last.
Payments during
1941 were as follows:
April 1 and July 1. 40 cents each;* Oct/ 1, 50
cents;, and Dec. 10, 50 cents regular and 20 cents
special.-^V. 156.
p. 689." , •; /
.
;-.v
.........;
Earnings—
96,667
(Including
155, p. 46.
Co.—Clears Up Interest Due
debentures
the
on
Sept.
the
on
have
A
of
Bond
time.
any
investment
distribution
1942—7 Mos.—1941
$1,241,260
_
-
.
America—Offering—
10
the
$4.132,169.—V.
•
Bond Stores, Inc.—August Sales Off 35.4%—
;
$1.05
5,266,791
Aviation
Bendix
on
Sept.
of
/
.♦
Debentures—
directors
made
interest
/Period End. Aug. 31—
$6,913,578 $51,384,070 $47,608,876.
9 Mos. End. June 30—
taxes has
Baltimore Transit
$779,820; " total,
an
stock,,
660.
p.
Bendix
104,572
share
1935),
v.'
underwriter
also
The
-r-V.
$263,827
15,627
T—
_
'
'
average-of approximately 4.70%. in income from 1926 through
1941 and on Sept.
1, 1942, paid $6 per unit out of capital and surplus;
„
19,772
:
oper.
•Net
sales
after
31,
-■
was
is $99.39
other
tric
Shares
Earnings fot the Six Months Ended June 30, 1942
per
at
The
—V.
1942—Month—1941
„
.
expenses—.
-
109,707
M.,
and
•
$3,599,683
(J. T.) Baker Chemical Co.—Earnings—
The
P.
which
$2.51
$2.50
$7,396,463
revenues—^,
oper.
.J". ■'
oldest bond funds in the country.
The Fund,
recently "mutualized," giving holders of its units the right of.
associated
units
2273.
p.
■!'■"
the
The trustees
420,755
v.* 1942
taxes
provision for depreciation of $740,877 in 1942 and $699,819 in
155, p. 2179.
11
income
1
$1,174,528
,
share
155,
Aug.
offering
custodian
$900,000
common
'
interest, etc.
,
4
Operating
-
•On
*
;
Corp.—Earnings-
Operating
657,188
1,243,866
_L—
♦Earnings
//>■
oper¬
Ballou, Adams & Co., Inc., R. L. Day Si Co., Estabrook &
Co.,
Peabody & Co., Paine, Webber, Jackson & Curtis, Stone &
and Blodget, Inc., and
Tucker, Anthony & Co.
The liquidating value and the
public offering price of the units will
be figured twice
daily.
The public offering price for Sept. 10, up to'
$2,121,060 in 1942 and $1,018,296%
Period Ended July 31—.
Uncoil,
189,611
Earned surplus from Dec.
Net
contingency,
minority
and
Webster
.
$2.46
.
;
per
Operating
46,738
.
Net
to
..
Bell Telephone Co. of Pennsylvania
27,061
incomplete installations....
Deposit on War. Dept. ordnance contract..
Capital stock ($5 pari.
/
Scrip for fractional shares
1941,—V.
amounted
for
taxes,
155, p. 2273.
earnings
Earnings
$588,958
declared
•After
deductions
provision
profits
excess
.
•"
.
949,999
.
for
Reserve for
$1,156,028
—
deposits,
are
./
to
Provision
Capital
and
•Estimated.—V.
payable
Reserve
income
6 Mos. End. June 30—
Liabilities—
Accounts
.
(& Subs.)—Earnings—
1942
' C
1941
-
sand
and
,
in
has been made
420,728 /',:
depreciation, interest,
Bell Aircraft
3,320
$4,706,402
—
_____
rock
,
beneficial
was
Sales
Net
Notes
__
1941.—V.
1
3,014
...
Optical Co.
shares
Note—Tax
57,873
1
...
accounts
profit
Canadian
in
192,573
charges.—
Lomb
&
outstanding
Earnings per share——
75,075
7,367
for unpaid accounts
—_______
and
65,259
75,075
...
Incomplete
*Net
Common
Diesel
Title guaranty deposit
Interest in vessels acquired
Bausch
6 Mos. End. June 30—
$9,400;
payable, $394,835; land and equipment pur¬
$21,13.7;.-notes payable to banks—due prior to June;
,
of
Orr,
1,242,750
process,;
$80,000),
/Principal
rates
1,110,433
1,687,329
owned,
and
(since
of
and
approved by the House on July 20, 1942, including normal and.
of 45'%
and excess profits tax of 90%, and totaling
$364,000,
compared with tax provision of $210,000 in the first half of 1941, the
company states.—V. 156, p. 689.
>
-
252,487
Inventories
reserves,!
$189,809; investment in
$1,000; cash surrender, value
Kidder,
1942
.
$400,264
...
'
_
$66,000;
series,
1926,
as
May 31, '42 Nov. 30, '41
hand
on
'" '
plant
depreciation
liquidation
,/ -../
and
1942
operating supplies,
Bond Investment Trust of
$0.19
tax,
'
30,
(less,
etc.
1374.
P.
tax.
income for
on
1939
$0.46':-
profits
excess
taxes
June
Federal taxes on income (less U. S. Treasury notes,
$308,125; other accrued taxes, $97,109; accrued
payroll, $43,002;
notes
payable
to
banks,
$551,629;'.
reserves, $62,962; deferred credits, $26,294; capital stock t$2
par)
(out¬
standing, 729,313 shares), $1,458,626; capital surplus, $322,629; earned
surtax
Balance
1943,
tax
$65,554
income
Sheet
securities
policy,
sites,
obligations,
units
-
$0.18
$950,548;
insurance
>/■
'
Federal
and
$25,000;
insurance
plant
surplus
$162,193
$0.13
/Liabilities—Accounts
provision for Fed-
*1940
materials
raw
venture,
life
,
,
$129,087,
Assets—Cash, $108,698; accounts and notes receivable (less
building materials, $287,959; work in
chase
'■»
-
$92,536
reserves
for
depletion and revaluation,
structures, machinery and equipment (less
reserves
for
and
revaluation,
$1,641,554)i
$1,320,923;goodwill, patents and trademarks, $1; deferred
charges, $117,310; total,
bonds..
f
111,489.
profits taxes of $80,000.
excess
$4,132,169.'
863.
p.
$0.51
interest,
(since Aug. 31,
Balance
$867,660),
■
$178,714
$0.30
1, 1941
7,329
*146,000
—V
.
mortgage 4%
1941
'
com. '
Note—Provision
$1.22
Consolidated
"Tncludes
ating
%
for
Jan.
on
22,740
>
income^;.-—
011
419,876
one
1942
taxes
$548,963-
$4,000,000 of col¬
Inc.—Earnings—v
$103,764
17,808
$247,905
$779,820
joint
-
„
.
155, p. 2091.
____
1,873
—_—$261,276
$133,013)*.$1,120,499;
$3,031,000 of first mortgage bonds/
mortgage bonds, and $206,000 of
are
division
first
note
credits—_
—______—
Federal
income
$1,022;
$101,61'/
After
for
V
Nil
maturity of $4,000,000 of. mortgage bonds
to July 1, 1951.
to
income
$230,097;
,.i Earned surp., June 30, '41 (since
Aug. 31, '35)
Earned per> common share——;,
*$23,087
$0.11
„
169,221
$259,403
—
687,284
.
$75,255
stk.
1,980,144
208.344
'35)
1941
.
Interstate
stock
27,061
Assets—
Net
-.
*
1942
2,573.301
—
—
Earned surplus, Jan.
.,
V
•
■
.
com.
,
6 Mos. End. June 30—
*Net
129,133
$220,791
...
declared
Earnings
..
other
charges
Provision
run
income taxes.—V.
Earn,
12,345
profits tax....
and
Public
$394,501
35,589
.
excess
'•
1941
$2,379,461
•
delivery expenses
and deprec.)
operations——
income
Income
.
Earnings for the Six Months Ended June 30, 1942
eral
from
Gross
aluminum,-,
barrels,, belt--
burlap,
748.
p.
1942
$3,041,047
and
a
re¬
18,928
development costs.._
and
Profit
*
Interest
.
notes
for income
Dividend
the
Corp.—Earnings—
sold
products
cur¬
.
Barium Stainless Steel
Corp.—Earnings—
$375,573
23,439
;
.....
Amortization
$510,391
...
Depreciation
156,
and
of $5,779,206, and
1941.—V. 155, p. 2179.
—
»
gross
Government
•Profit
248,874
of
assets
include
Co.—Earnings—
159..,
Basic Refractories,
income
bags
.
the
bonds
of
Buren
1,320,276
profit before depreciation..
income, interest, discount, etc.
etc.—V.
salvaged
charges and taxes.
proposes
trust
Van
expense
zinc,
662,500 shares of
p.
asked
meet
loan
The
The Issues
Operating
Interest
to
response
carefully
metal,
rope,
all
on
156,
ration to
$246,220,
restricted as
*After
Provision
in
—
(including prov. for depl.
Selling and general expenses
permission to borrow $4,000,000 from the Reconstruction Finance
Corpo¬
(& Subs.)—Earns,—
excluding depreciation.^.........
after
The
(cost
511.
p.
1
__
sales
Total
9,000
Bangor & Aroostook RR.—Would Refinance Bonds—
which
is
white
carpet,
share
per
Company
Radio-Keith-Or-
treasury,
are
current
June 30,
on
tons
gross
campaign, which is supervised by
up
sales
Cost
of
the
amount.
July,
,
sales
Other
4,000
of
6 Mos. End. June 30—
available
are
in
**Of
which
lead,
copper,
this
of
Corp.
law.—V.
carried
$39,297,204).
option
Light
of
purpose
the
at
reorganizations
common
Delaware
for
quotations
quotations
exercise
with
6 Mos. End. May 31—
Selling and
the over-all scrap
committee set
materials
$703,000
of
Net
the
"Loss.—V.
$14,316,627,
market
upon
value of
tCost
statement
Atlas Imperial Diesel Engine Co.
Gross
months
nearly
was
1941, and nearly
the comparable period for 1940.
in
to
eight
Bandini Petroleum
$45,911,358 $52,130,147
this
market
connection
pheum Corp. and Utilities
Cost
the
and
-
34,583,515
14,223,314
_
which
for
received
IIIn
the
amount.
securities
amount
dividends
is
Other
Net
at
Harbor
13,100,375
minority interests
...
at
Pearl
on
principal item of the roadroad's salvage campaign, but;only one.
As the result of a recent drive for rubber
scrap, the
company turned over 108 tons of it to the proper agencies,
■
v
1,153,854
2,978,801
$600,000).
attack
This
system-wide
Metal
102,940
1,018,989
Total
ried
than
first
$910,389,
Six Months Ended June 30—
the
not the
278,943
89,808.
—
—.
Net. unrealized depreciation
priced
the
of
liabilities of $1,565,662
Blue Diamond
-
between
,
surplus
statement
months
quest made through the Association of American
Railroads,, the B. & O,,,
has carried out a number of
special salvage projects in recent weeks,
102,388
105,915
Deficit
*Cost
in
more
special
$189,837
92,052
...
taxes
year
contingencies
preferred stock,
Capital
150,861
$184,670
...—*
payable and accrued expenses
applicable to
Common
stocks..
announced.
,
securities purchased
Provision
than
more
In
Other accounts
is
eight
year.
$45,911,358 $52,130,147
Dividends payable
Amount
the
end of July, this year, the B. & O.
collected and shipped to the steel
mills 64,081 gross tons of ferrous
scrap,
It shipped 63,212 gross tons of iron and
steel scrap to mills in the
first eight months of this
,
327,099
44,794
it
war,
In
15,764,650,
*320,000
—___________
'Total1/
Liabilities—
6%
25,765,530
tl7.283.270
—
assets
for
the
610,500
holdings
Deferred
276,485
1,005,000
_
option.
Invests., & receivable from non-consol. majorityowned companies
Other
$8,230,022
225,471
by courts.,
with cash
compare
rent
Although the careful salvage of scrap metal and resale to the steel
industry has been a normal operation of this road for
many years,
salvage efforts have been greatly intensified since America's
entry into
1941
$5,653,834
i
_
receivable
accts.
&
accru.
under allowances
under
Portfolio
t
1942
^**Cash
Due
Baltimore & Ohio RR.—Salvage of
Scrap—
{Corporation and Its Investment Company Subsidiaries]
-
Assets-—
Monday, September 14,1942-
.
The
per
directors on. Sept.
sha,re
Sept.
18.
on
A
/the
like
capital
amount
8 declared
stock,
a
quarterly dividend of 25 cents
Oct. 1 'to holders of
record
payable
was
paid
follows:
April 1 and; July 1, .last. Pay¬
during 1941 were as
Jan.. 2, 45 cents;
April l, July l
and Oct. 1, 25 cents
each; and Dec. 24, 47 cents.—V.
156, p. 337.
ments
Brown
At
the
Co.
annual,
on
(Maine)—Adds New Directors^—
meeting
the voting ■'trustees-the
following new
board of directors; " H. P.
Carruth
ViceManager; J.-B.
Challies,'-"Vice-president of
Shawinigan-Water & Power Co.-, Montreal, and -Paul A:
Draper, -Boston
members
were
elected to. the
President
and-General
Mass.
P./ Kendall
H.
Mr. /Kendall
Bauer
&
is'
was
elpoted
President,
of
Black, Inc., Chicago,
Chairman
the
111.
Kendall
of; the
Co.,
board.
Boston;
"
,
Mass
and
'
Volume 156
The
Number 4107
board
-new
members
will
THE COMMERCIAL & FINANCIAL CHRONICLE
take
places
vacated
by
the
following
sinking
retiring members:
William De Kraftt,. New York City;
George A.
Morris, Vice-President and General Manager The Ogilvie, Flour Mills
Canada, and Serge Semenenko, Vice-President First National
iBank of Boston.—V. 156, p. 511.
The
directors
have
declared
dividend
a
of
10
cents
25 cents each;
1,
and Dec.
15, 35 cents.—V,
156,
quarter
1941
690.
p.
6 Mos. End. June 30
1942
for
possible Increases.
The rates prescribed in the pending House bill
(45% income, and surtax and 90% excess
profits tax) would require
during the first seven months of 1942 $339,394 more than at the 1941
Revenue Act rates/or $144,882 more than was
provided in the period.
—V. 156, p. 600.
Central Indiana Gas
and
incl.
July
made
was
10,
The previous
1942.
payment,
1939.—V. 155, p. 2274.
April 11,
on
from
April
also
44
1941
1940
$8,318,679
$3,719,987
$1,940,597
$326,327
1,462,614
707,730
430,670
287,756
10,
1942
—
Operation—natural
—
purchased
gas
—
1941
$3,090,409
768,381
Other
cents
Maintenance
General
Utility
directors on Sept. 8 declared an extra dividend of 25
cents
share in addition to the regular
quarterly dividend of 25 cents per
on
the
common
stock, both payable Sept. 30 to holders of
record Sept. 18.
Like amounts were paid on this issue on March 31
Other
per
1,504,872
88,004
taxes
73,519
175,923
"Federal income
The
■i
revenues
$3,747,114
1,979,931
844,612
Operating
Canadian Celanesc Ltd.—Extra Distribution—
1939
Co.—Earnings—
12 Mos. End. June 30—
'
•,
.
to
share,
per
Co.—Earnings—
subsidiary
preference
directors have declared a dividend of 43 cents
per share
on
account-of accumulations on the 7 % cumul.
pref. stock, par $25, payable
in Canadian funds on Oct. 10 to holders of
record Sept. 21. Distribu¬
tions of 44 cents
per share were made each
stock, payable Oct. 1 to holders of record Sept. 15; This
.compares with 15 cents per share paid on April 1 and July 1, last.
Payments during 1941 were as follows: April 1, 15 cents; July 1 and
Bullard
in
convertible
par
The
on
common
Oct.
no
955
Canadian Car & Foundry Co., Ltd.—Accumulated Div.
share
per
interest
shares), $3,887,843; common stock (675,195 no
par shares), $1,026,214; capital surplus,
$1,809,367; distributable sur¬
plus. $1,652,836; total, $13,581,611.—V. 155, p. 2274.
Bucyrus-Erie Co.—Smaller Dividend Declared—
,
debentures, $700,000; minority
$776,756;
cumulative
sinking -fund
company, ►
Stock (163,200
Co., Ltd.,
.the
fund
and
inc.
oper.
income
excess
before
163,639
200,961
..81,103
$457,683
$498,896
profits taxes™.
Tetire.
accruals
res.
(net)——
5,720
19,263
$463,403
$518,159
share
Operating' profit--—
Other
income
$6,856,065
(net)™.
21,664
™.
$3,012,257
$6,877,729
$1,509,927
$38,570
24,765
12,384
$1,522,310
and
14,121
$3,037,022
$52,692
:
Fed.
profit
income
taxes
profit
*6,067,000
*2,087,000
321,500
8,700
$810,729
$950,022
$1,200,810
$43,992
Approp. to
;
—
rT.
$210,729
_Z—i™—
-
Surplus
JShares
(no
$950,022
276,000
—l
stk.
com.
standing
Earnings
30
and
of
50
Sept.
cents
30,
disbursed
was
1941,
extras
Dec.
on
25
of
cents
Retirement
31,
each
Gross
declared the usual quarterly dividend of $1.75
pref. stock, par $100, payable Sept. 30 to holders
18.-—V. 155, p. 2180.
Sept.
$1;200,810
•276,000
$534,729
^
1
Other
income
The
$43,992
•
207,000
$674,022
$993,810
Net
Corp., Ltd.—Shs.
Notes—(1)
276,000
276.000
276,000
mated
$2.94
$3.44
$4.35
$0.16
____
—V.
156,
"For
drawings,
and expenses
the
dies,
incurred.
jigs,
Such
small
tools
and
expenditures
The
and
for
the
provisions
expenses
six
for
depreciation. and
amounted
months
ended
to
June
30,
Balance
amortization
$105,110
and
1942,
Sheet
Assets—
Operating
Operating
30
'
July 31—
June
at
rate
of
a
and
Revenue
based
1941,
Acts
r
;
1942
•
1,
of
2,833,251
2,318,660
.1
4,700,537
579,623
„Z
3,062,992
—
i;
—
993,093
879,843
have
int.
been
and
<
™„—_Z-__r
™_™™™_
Liabilities—
'
■
,
•Common stock
__
Accounts
payrolls,
Other
will
taxes,
etc.__Z_™___,™™^___
.128,641
Z- 2,731,384
3,724,604
—
and
_Z—_1Z_™-Z_-—__™_„Z™Z™_™
such
security
par
shares.
of $3,073,355 in
acquired under terms of
or
providing for
All
no
amortization
^Constructed
American
in
reimbursement
the
to
$26,512,540
tLess
1942
reserves
and
for
depreciar
$2,652,886
by
company
the
United
States
payable
bank
to
(less
in
1942
reimbursement
sales
Z'Z
The
■
7,312.048
$381,355
$4,174,829
$5,326,831
319
512
24,247
19,832
"
Z
Z_.
"
income
The
$4,199,076
$5,346,663
bonds
143,031
143,750
1,718,531
1,725,000
the
deducts.
1,868
1,748
19,276
22,319
share
in
Sept.
4,725
56,801
56,700
3,407
2,741
81,390
9,370
;
yi'.y
$454,452
$3.52
v.
Northern Power Corp.,
Period Ended June 30—
1942—Month—1941
Gross
earnings___,'_-_Z '
Operating expenses,—
$373,787
in
the
12
taxes
months
of
$66,596
ended
July
quarter during 1941. •/ declared the' regular quarterly
31,
$222,912
-
5%
156,
Note—Operating expenses
taxes.—V.'156,. p. 777.
Z
do
not
include
cumul.
stock,
series
all
prior
payable
Electric
pref.
Oct.
the
income
and
Other
$1,402,717
to
Gas
&
Co.
additional
,Z;ZZ'
Canada Wire
Profit
&
Cable Co.
Ltd.—Earnings—;
Earnings for the Six Months Ended June 30,
^
from
Provision
&
for
operations,™-™-—-____.__^_,_,_ZZZZ:_,_>.t-Z $1,536,182
Dominion
and
Provincial
income
and
excess
'-
tax
j._:Z—___w_
Depreciation and other deductiohsZZ.———^Z^ZZZZZ-ZZj.
Net
profit ;_,,_Z_Z-^,—ZZ—™—Z
Note—The"
above' net
period of 1941.—V. 154,
profit
of
$1.75
$1.75 per
holders
of
p.
Period End. July 31—
Profits, from
Other
Interest
Prov.
for
•Prov.
(
i
'.
for
$644,084
36,311-
35,384
$659,609
$1,725,080
80.982
96,659
136,094
123,671
401,369
235,300
'750,000
352,500
$265,080
$492,729
Z $397,216
inc.
tax
$274,158
-
applic.
profits
366,041
to
13,663
'
$260,495
——
at
•
prevailing
-
income
tax
13,079
$252,001
rates
' 21,813
"
'
$470,916
subject to
-
"15,775
(less
Consolidated
$59,013;
reserve
Balance Sheet
investments,
for
doubtful
as
at
(net)___^___
before
the
excess
would
the
for
1942
periods
income
profits
be
taxes,
taxes,
increased
three
respective
Statement
have
and
and
by
a
charges
approximately'
six
and
of
Company
months'
1942
Only
1942—3 Mos.—1941
'Z—
$393,948
expenses
8,947
'
1942—6 Mos.—1941
*$787,895
$394,104
9,687
$788,156
12,800
14,798
2,599
19,925
22,966
13,312
44,940
$359,884
$368,505
$710,231
$741,103
1,337
5,561
4,201
12,027
$358,547
$362,944
$706,029
taxes_
long-term debt.
basis
5,166
27,089
,
__™___„
income
of
the
8
taxes
40%
a
provisions
increased
and
the
in
1942
Should
rate.
record
for
Federal
periods
have
Revenue
the
Bill
July
on
income
20,
taxes,
been
of
1942,
be
shown
as
$729,067
provided
1942,
on
passed
as
finally adopted,
above, would be
by approximately $3,000 and $5,500 for the respective three
1942 periods.—V. 156,
p. 337.
six months'
,-'Z
1941
2,431,193
:,__Z-Z'
558,084
Mos.
Net
End.
profit
and
Century
30—
Factors,
Inc.)
1942
1941
$67,795
$20,354
1940
1939
deprec.
Federal
taxes,—
dividends __Z
Preferred
495,610
232,784
June
after
*$63,703
$81,149
16,618
17,449
17,939
18,625
$51,177
$2,905
*$81,642
$62,524
535,713
734,020
(And
•
6
Balance,
surplus
of
res.
accru.
$1,940,510
11,544
—
—
stock
com.
outstanding
$2,193,630
Earns,
1,055
retire,
accruals-
reserve
$1,952,054
641,475
649,375
59,818
62,178
Accounts
14,979
13,794
Cash
$755,782
$989,338
612,496
519,694
of
debt
debentures
discount
and
expense
Z
charges—
declared
on
_Z— Z"
stock,.
common
based
necessity
adjustments
after
estimated
upon
in
S.
and
^ It
deductions
for
the
profits
excess
is
estimated
from
12
the
months
tax
liability for the calendar
that
the
also
1940
years
and
taxes
(excluding such non-recurring
thereof) applicable to the earnings
30, 1942 and 1941, are $792,000 and
computation
ended
June
$402,000, respectively.—y. 156,
p.
100,000
Nil
$0.62
777.
Balance
Sheet,
June
and
$595,970
7,400
receivable
9,405
~2~L276
2,092,973
2,005,774
™_™_™
receivable
surrender
1941
$545,758
hand
on
bonds™,____,
value,
life
insurance.,™
53,707
(est.)
"Land, building,
43,964
1,476,392
machinery
and
1,311,692
1,266,217
1,298,688
2,301
equipment__i_
3,089
Due. from
tive
former factoring department, inac¬
manufacturing account (secured)—_____
Investment
tTreasury
in
mill
superintendent's
stock
house—_
2,266
2,715
3,185
60,518
31,943
$5,532,413
Deferred
15,475
$5,318,297
$1,500,000
$1,450,000
727,321
_________—
charges
applic.
future
to
operations
Liabilities—
Notes
payable—banks
Accounts
7%
__™^
payable
cumulative
_™,__Z,
preferred
fCommon stock
stock
853,954
—
(par
$100)
484,800
500,300
2,000,000
2,000,000
„„
________
693,659
%
Central Illinois Light
•Period End. July 31—
Gross revenue j__™_l
Operating
Prov.
for
Fed.
deprec.
income
640,676
$5,532,413
Gross
&
Net
Divs,
:$10,021,511
4,170,358
and
;
Z
other
on
.
of
1,429,000
.
$5,318,297
1,186,420
1,095,577
986,000
877,100
taxes
772,327
451,800
$162,705
$2,165,681
$2,167,473
56,654
701,541
657,531
;
$73,195
$106,050
N«te—During the seven-months
excess
profits taxes
Revenue
Act
have
plus
$1,509,942
82,952
191,407
$879,581
$816,929
41,800
ended
been
$1,464,139
501,606
$48,299
41,800
,/
July 31,
accrued
additional
at
tax
*501,606
rates
shares
income
prescribed
in
made
in
the
be
may
above
payable
in
no
1942
par
statement
by
of
allowable
155,
deduction
1916.
p.
for
Century
and
shares.
Fed¬
Ribbon
for
loss
carried
been
holders
with
extended
advises
extension
is
Kenneth
a
of
the
notice
to
Sept.
the
"further
LaBarre,
over
from
pre¬
,
Childs Co.—Debenture Offer Extended to
that
30,
progress
offer
the
to
of
effort'to
the
stave
Vice-President,
Sept.,30—
exchange its debentures
the company in a
letter
to
debenture
and points out that
ultimate bankruptcy,
plan
off
states
in
the
letter
that
the
the
in principal amount of debentures
exchanged was encouraging, adding, however, that during the
past two months there has been virtually no progress.
I'Unless sub¬
stantial progress is soon made, the plan is doomed to failure and the
were
—
$194,512
preferred
100,000
tax
rapidity with which the initial 40%
1942, Federal
the
provisions aggregating
because
Coincident
had
15,951
,.
of
of
1170
"{Represented by
that
any,
result
a
vious year.—V.
"
1941.
legislation now pending.
On the basis
laws presently in effect, the company is not liable for income
59,400
59,136
in
if
taxes,
as
37,000
$31,395
1941
Inc.,
*96,042
$132,331
deductions.
Balance
the
income
Mills,
66,500
_______
depreciation.
preferred
56,000
taxes
for
reserve
shares
Note—N<i provision has been
eral
1,506,000
pfd. stk. exp.
and
_
122,000
taxes
pref. stock:,
35
4,000,560
128,000
income
Amort,
.
income
—
"After
!$10,786,785
290,856
100,742
prof,
Total
?
$768,003
■_
324,192
taxes
excess
Co.—Earnings—
$807,765
expenses
amortization
General
.
.>,
80
1942
banks
Government
Notes
rates,
with
periodic
the
passage of the respective Revenue Acts.
In
addition, certain non¬
recurring deductions were included in the computation of Federal in¬
1941.
100,000
$0.03
Assets—
U.
Inventories
Z-Z——■___
100,000
$0.51
Consolidated
Cash
and
100,000
com.
$2,194,685
<
480,000
bonds
par)
on
deficit.
or
$1,714,685
on
(no
shr.
per
480,000
Net;income
Int.
July 31, 1942
$1,083,886; accounts and bills
accounts), $438,230; inventories,
loans,,.(secured), $1,204,61^; accounts, paya&le and
accrued pliabilities,Z $929,009;. Federal
and
Provincial income taxes,
$819,971;. 4%, A1'*'/*, 5%.seriesZB debentures, $775,000; 51/2%. series A
.
-
$3,122,612; prepaid expenses, $115,715; deferred charges, $172,246;
land,
buildings, plants and equipment (less reserve for
depreciation, $2,777,085)-, $7,764,189; other investments, $825,720; total,
$13,581,611.
'^ Liabilities—Bank
in
rate
3,535,855
$1,156,395.
to
and
above,
for
by the House of .Representatives
$5,888,931
profits taxes^__
income before retire,
reserve
income
Federal
$381,440
•
Condensed
50%
income
shown
as
Income
"Federal
per
588,282
excess
determination
profits.
Assets—-Cash,
taxes
40%
a
$1,212,416
35,558
415,000
profits
receivable
>
1942—9 MOS.—1941
Fed.
standard
Federal
interest
$1,472,054
come
$1,688,769$1,177,031
15,525
-
31,350.
__
"Calculated
of
like
depreciation-
minority interests—_
Net
■
$856,603
—
Balance
Net
$841,107 Z
15,495
income
the
-Earnings—
1942—3 Mos.—1941
operation,
income
Total
in
profits
of
from
income
■
954.
Canadian Breweries, Ltd. (& Subs.)i
$418,475
excess
basis
income
on
Net
share
"For the six months ended June
30, 1942, the company has accrued
Federal income taxes at a rate of
approximately 43% and excess profits
taxes on a graduated scale of 50% to
75%.
Accruals prior to passage'
of Revenue Acts for the
years .1940 and
1941 were of
165,264
$304,919.
with '
$1,000,897
2,151
accruals,——,—____
Dividends
1,066,000
1__Z.
compares
Z
Z ; V-;
v
3,406,932
$597,314
ranging
$280,000
admin,
income;-————__Z-—.
Amortization
Other
?
'
''profits
*
for
and
Gross
$1.25
1942
—
and
income
Gross
Z
1942
1,756,261
$444,469
and
the
on
rates
income
Other
the
$6,584,804
*
_______ZZ—Z,ZZ—
oper.
Retirement
".
•
1,699,111
income™
75%, in the various brackets,
profits tax.
Should the Revenue Bill of 1942, as passed
by
of Representatives on
July 20, 1942, be finally adopted, the
"Federal
156, p. 511.
2,763,908
income
Interest
;
•
■
13,673
$4,692,250
to
-Earnings-
profits
excess
1,149
$4,407,829
Taxes
current
dividends of
stock,
1
;Z
revenues
income
Gross
Z,
:
8,165
$2,353,575
Century Ribbon Mills, Inc.—Earnings—
1,110,299
1
Dr249
600.
p.
taxes
Utility
$2,513,016
900,863
$1,397,280
539,369
$4,678,577
.
$2,298,143
181,424
$239,736
321,732
$4,406,680
$2,143,580
thereof,
"Loss
earningsj-i/i-Z.Z
259,421
$2,345,410
"
income
of
House
lieu
Shares
1942—6 MOS.—1941
709,873
134,343
Period End June 30—
1
cumul. series prior pref. stock and of
Illinois
Maintenance
"Federal
1,702,651
1,013,211
(net)_
net
excess
Total
$2,410,177
for
each
pref.
operating
Operation /ZZ—
"
$421,160
''
150,875
7%
2nd
18.—V.
1,841,891
1,716,912
periods.
$3,665,414
1,255,237
1,255,237
under the Revenue Act of 1941.—V.
also
Total
y"ZZ' Z-'iVj'rv;^"V.
Ltd- -Earnings—
for
856,724
497,234
$2,143,829
incorae__,_
provided
Gen.
Federal
12 Mos. End. June 30—
$3.27
;•:
»
$2,599,460
$1,344,223
for
1942—6 Mos.—1941
on
the
on
351.
in¬
income
$160,000
Corp. of America—50-Cent Common Div.—
and
Central
1941
$489,193
$454,728
7%
p.
profits
Income
provisions
the
on
the
on
v
1942
share
per
156,
(& Subs.)—Earns.
438,922
:
provisions
prem.
$159,771
directors
General
Canada
Net
of
excess
♦Federal
Sept. 8 declared a dividend of 50 cents per share
common
stock, no par value, payable Sept. 30 to holders of
Sept.- 18.
A similar distribution was made on March 31 and
the
tax,
deductions—
been
for
4,713
June. 30, last,
6,194,586
Service Co.—Earnings—
Earnings -per 6'# preferred share-—'•—V. 155, p. 1118,
■■
«
lieu
income
Total
$381,867
directors
record
>:■
511.
p.
12 Months Ended June 30—
.
$296,231
$243,835
applicable to preferred stocks-,,',,,,
and
respectively.—V.
1,185,000
Int.
$11,601,944 $11,456,583 $75,521,857 $63,067,862
California Water
Net
&
Gross
$296,550
of
Celanese
pay¬
30, 1942, $257,568).—V. 155, p. 1504.
907,910
Combined
156,
1,609,483
1,295,000
net
the amounts required
equal monthly payments, commencing January, 1942,
reimbursement payments have been assigned as collateral
for notes
Butler Brothers- -August Sales Higher—
,
revenues,
"Includes
month
of
Period End. Aug. 31—.
1942—Month—1941'• 1942—8 Mos Al941
Wholesale sales _^_iZ, $10,563,345 $10,548,673
$68,209,80,1 $56,873,276
Retail sales
>1,038,598
—V.
1,729,144
105,000
Balance"'__ZZZZ—Z—
.
2.T941,
/
,'k
147,204
1941.
in
contract dated June
a
on
.
in
oper.
Other
857,004
110,000
income
Dividends
$9,622,624
60
ments received to June
]
Net
$1,295,905 $16,176,758 $15,218,574
552,646
6,746,277
6,240,256
.
2,231,508
chgd. to constr., Cr
Net
of
adjustments
786,363
taxes_
profit
630,000
"Represented by 276,000
■tion
income
excess
Charges
1942—12 Mos.—1941
148,269
and
periodic
900,305
"Federal
$630,290
109,700
debt, Cr
on
Int.
<
Total
483,212
v
1,156,166
—
Co.—Earnings-
$1,285,802
™
approp.
mtge.
int.
to
were
$8,333,367 $18,300,385 $16,683,632
2,775,097
5,921,614
5,608,497
453,437
1,058,921
861,823
1,146,044
2,322,761
2,279,504
565,409
________
Depreciation
415,635
248,090 "
Amortization
2,124,939
plant rearrange, and other conting.
Other
...»
5,855,407
bank,,,,,,_________
,
revenues,,
on
with
1942—3 Mos.—1941
taxes
1942—Month—1941
income
Interest
3,130,975
4.273,220
Gross
excess
prior
made
2,918,571
Maintenance
schedule
943,430
8,343,426
_____
431,411
$1,001,891
July 31—
income,
and
1941
for
be
$9,043,906
Taxes
Fed.
taxes
Other
rates,
South West Utilities Co.
revenues-
Operation
683,848
166,256
oper.
Consol.
$1,051,125
1.336,783
„-._™™_„,___™.:'
Provision for Federal taxes-,-,,,,
Earned surplus
Advanced by Def. Plant
Corp. under pool orders
Notes payable to
for
l-.i—
$1,051,125
V
$1,045,926
$9,622,624
•.'.'.-.v-v/i
______
$1,433,302
v.:
expenses,,,,
Net oper.
—
.
VZ%;! 59,014
46,775
;__™______™™.
"Federal taxes
•! 5,733,014
_™™™__—
payable
Customers' deposits
Reserve
Operating
Operating
-
$26,512,540
$999,150
p. 305,
Prop, retlr.-res.
Total —_Z_
Accrued
81,726
•
$1,374,288
—Z-
Z'_.
Period Ended
208,347
—„™___.™™^;__-
______
U. S. Treas. tax notes and
other Govt, securities
155,
and
gen.
called
Payment
Central &
come
-3,060.663
135,227
_™.™__.T_..,
™_,
income
1940
years
$171,000 and $98,000,
are
Period End. June 30—
Total
Carolina Power & Light
1,142,889
7,382*998-
Prepaid expenses, etc.—
:_x_L™™,__,,™_;.'_
Expenditures under contract with
Def.
Plant
Corp.
-V.
l
—_
—
Inventories
Deductions
Net
the
estimated
upon
$49,000 of 1st
1968,
and
:
1941
has accrued
43%
Accruals
75%.
5,969,492
1,051,859
-
-
$2,456,171" $2,479,062
for
the company
to
mtge. bonds, 3'/2% series H, due
redemption as of Oct. 10, 1942 at
at
the Old Colony Trust Co.,
trustee, 45 Milk St., Boston, Mass.—V. 156, p. 777.
$8,841,580
8,422,662
depreciation™:
total
10514
1941
$13,002,491
™_™_™—
Operating income __,;___™_.
Non-operating income,
,
1942,
approximately
50%
the respective Revenue Acts.
It is estimated that
applicable to the earnings for the 12 months ended June 30,
taxes
Aug.
1942
2,153,681
,7
30,
of
graduated scale of
$6,698,000
' :
r
v
revenues
for
ended
taxes
a
Central Maine Power Co.—Bonds Called—
Z;Z Gross income Z___—Z
■■■}.'■
.
.„
——
Receivables
,
8,827
$175,809
passage of
the
1942
1941
$7,632,000
,_™___
expenses
Provision
to
respectively,
V ;
v
I
,;
June
charged
$139,195,
,tLand, buildings, machinery and equipment—.
XEmergency plant facilities——
Patents, etc.
Cash
81,250
139,425
8,046
™j
.
costs
81,250
companies™,—
$90,932
months
on
also
A
equipment
been esti¬
have
six
income
passage
the
1942
■
(2)
112,848
$405,311
—
necessity
Capital Transit Co.—Earnings—
follows the policy of charging expenditures
patterns,
as
the
Federal
profits taxes
777.
p.
7 Months Ended
by the company at $341,000 for the six months ended June 30,
1942.
associated
after
Day Period End. Aug. 31—
Traffic earnings-
276,000
:
The company
patents,
costs
143,750
$319,653
139,425
r___
income
Out.
-
10
—
per sharei.
Foreign Investment
Canadian Pacific
Ry.—Earnings—
$43,992
out¬
par)
$5,935,000 in 1942 and $1,052,000 in 1941 provision for
profits tax,, and $300,000 in 1941 provision for possible increase
Federal income and excess
profits taxes for 1941.
;
lor
accruals™
charges—
.
"Includes
.to
reserve
accruals-
reserve
income
Advances from
7%
corporation has advised Montreal Stock Exchange that the
number of preferred shares still
outstanding is now 5,917, of which
2,104 shares are on call but not yet surrendered.
(Toronto "Globe &
Mail.")—V. 155, p. 1504.
" "Z
\Z ■ Z ' \-Z
excess
in
before retire,
Interest—bonds
also
the
on
Canadian
600,000
•
directors
share
record
for plai
and oth<
An extra
June
paid.
The
of
30, last.
on
income
res.
rearrange,
Dividends
while
were
per
Net
June
on
•1941,
Total
Gross
If
e
off
o
"
L
"
— ~
*4iWAjuewoAViiWi6Vii6rtift^vto^V4ltuttW/ii^li,f^rail^Ki6ilSis*i»lZ^' *i8fiL l
i'itli
?
WV^'JTft'/''fMc*v>i^tiWrttW^UaSAtWfoi'J'aSi.-JA- WHMH,
vitf /U'.^' U. VVjj-'&V f.
The -letter
,
principal amount ot debentures, acta.-.,-,
that., the total
says
record
to make their exchanges in-instal¬
with other debenture holders; but
they have reserved the right to sell their debentures."
Mr, LaBarre
explains that there is great danger that these three holders will sell
their uriexchanged debentures,, in which event it will be impossible to
locate the new owners in the short time left.
The plan provides for the exchange of the presently outstanding*
$4,943,000 of 15-year 5% debentures due April 1, 1943 for an equal
amount* of new debentures.
The new issue will bear the same 5%interest rate and would mature April 1, 1957.—V. 156, p. 6011
Sept.
19.
the
•Previously,
1942,
and
Earnings
$1.75;'and on March 31, June 30
1941, 25 cents eachc—V* 155. p. 2004. " ' • ■.* • \
' ;
25 .cents*?
Sept. 30,
1941,
29,
Dec.
on
Stores, Inc.—Sales Continue Higher—
Colonial
-
Jff&ijta
Division)
Wi^pjiiiin & Massachusetts income taxes__/-._
'•'Netincome
'■
<-.-<■
■
;■
•.
;
'
,
!J—
Expenses
1942,
Net
securities
of mktable.
securs,
>
$1,400,193
$745,307
,
of
112,492
♦ - -*
40,559
;** •
84,582
•'
45,000
profits taxes—
;■ excess
194*2..
k'38,334Y;
243.244
76,155
187,099
?
76,612; ; '
<412,608
.!
income &
for Fed'
Prov.
/jAfter provisions lor depreciation on
approximately $460,000 for inventory , and general contingency
Net income
$41,384
$49,547
tIncludes an additional provision of $570,000 for possible
Dividends declared—cash■
'45,250
50,112
additional taxes which may result from Federal Tax Legislation in
Net assets of
the company on the basis of June 30, 1942, market
1942;« fBascd on 486,775 shares outstanding (exclusive of 12,885 shares
Valued, totaled $1417,437, equivalent to $3.01 a shard.
This compares
held as treasury stock) ? in *- 1942 and on 480,735 shares outstanding,;
with net'asset values of $3.12 a share on Dec. 31; 1941, and $3.37 a
(exclusive of 12,925 shares held as treasury stock) in 1941. \
;/r
share on June 30, 1941.
'
'' -' "'
(
'
Consolidated Balance Sheet t
' ,
-22,517
*
38,529
Depreciation
<
!
devel.
mine
net of current period's
-expendit. shown above
18,952
1942—6 Mos—1941
-
$596,526
59,711
expenses
-
Amort,
$30,595
5,548
•
.
1942—3 Mos—1941-
$410,778
Actual
.
;
$35,836
'
—'!
—
gain realized from sale
,
Coppermines Corp.—Earnings—
shown separate below
explor.' & devel.
,t-
8,536
7,041
gain realized from sale of
income before
marketable
and excess profits
"
charges
before
Net-inc.
.
Net
1942, for Federal income
carrying a normal and surtax *rate of 40%
156, p. 692.
as
'.'■ Period End. June 30—
3,347
:
s$39,131
-
'
!'—
———;
1941
$35,783
$42,877
.
$3-07
the 1942
'
profits taxes in accordance with this-company's irtterpreta-Committee's proposed" bill reported May 8,
Consolidated
$38,265
4,612:
.•
Total
$1,023,37b
$2.10
plants and' equipment and in
^
:-__j
'
'
$934,497
- $1.92
—
—
per-share,.
tNet .income
_!—!
Interest
126,027
302,790
respectively.
tax rate of 94%—V.
Dividends
Income:
June30„'41
*G$os3<- profit on sales
:——~-^i—$8,200,873 $4,624,643
Sell-i-{admin. & gen. «xps. (less other income)
-2,981,694
2,328,288
Federal income &r excess profits taxes——/ t3,981,892
1,146,957.
3,519,016
$4,140,195 and $3,299,529 for
>
*
for taxes of
periods;
,
tion bf the Ways and Means
601.
p.
*3,893,258
-' 374,242
$2.64
share..„_______
common
provision
1941
and excess
Commonwealth Investment Co.—Earnings—
Six Months Ended June 30—
V
' ; •
•
'1942/
July 31, '42
12 Mos. Ended—
156,
$24,310,878'$2l,762,46^
:-Jj
Note—Provision has been made since Jan. 1,
;
.p
1942—5 Wks—1941 < - 1942—35 Wks—1041;
$5,364,100 $50,291,085 $36,123,482
$7,829,837
"
Sales
—V.
,
Baldwin-Duckworth
of
operations
the
Period End. Aug. 29—
Earnings—
Belt Co.
(Including
•
dividends.
before
per
"After
and
,.
"
1941
1942
'
"3,583,500
Preferred stock dividends^__^
556,059
Bal. for com. stock & other corporate-purposes - 3,027,441
income
Net
On March 31,
in: addition, .disbursed extras as follows:
' :
•
^_!_!!':!'-_:_':i/__'_:::r--!
Operating revenues
similar: distribution., was. made on June, 30, -last,
paid regular quarterly dividends of 25 cents
A
,
declared a
company
share,* and,
per
12 Mos. End. June 30—
dividend of 50 cents per share
of capitaT-st'ock; payable Sept. 30 to holtfefS of "
Sept. 8
on
100,000 vshs,
on-the
in principal amount have stipulated
ments, contingent on our progress
*>V
directors
The
Connecticut Light & Power Co.—"Earnings—'
r
ColemanLami>& Stove €Jo;—50-Gent Divideuidr^ " ' : pp
T-„
exchanged to Aug. 31, last, is only $1,896,000 out of the total.
$4 943,000.
"In addition, holders of $1,763,000 have agreed to make
the exchange, of which amount three large holders who own $1,357,000
ally
Monday, September 14,1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
956
377,982.
75,000
153J713
.<
"
reserve,
;
-
deplet,
Net-inc. before
-
r" Note—-Based
1942
on
bill
revenue
1831.
sentatives.—?V„ 154,, p.
.$269,358
$182,957
-
passed by the House of Repre-*
as
f
,
>$662,254
$294,103
v-
,
.
"
„
;
Assets—
Cash
and
hand
on
Notes-&
aecoumt-s-
•
Inventories
current- ■assets-jl-..
Other
Fixed-assets—cost
drawings-..-../.-..:.;.—,_,.L
other asspts__^_'_4^,l^_ "
Patterns
and
Deferred
charges -and
Liabilities—
'
1,915,981
; 17,988
770,576'
;
J.-..
;
contingencies.-!.,!
and
inventories
for
Reserve
"After
-
earned
stock
Since
surplus
•'
51'r.
;t '/:
-fi"
1,
Jan.
for
reserve
,
accruals
156,
1942).—V,
1!!——j,-_
/
intrest
Bond
Sundry meome
income
Total
General
tax
ih
exclusive of
Net inc.
investments—at
$7,548,110
135,569
682,070
880,154
121,358
2545.
040—V.
Net
in
6,970,226
—
and
10,759
6,489,467
ended
1..ul
525,000
/
"
■
.
.
capital stock tax for the year
made for Federal
'
'
,
Balance Sheet,
-
Assets—
A •
»-
•
:U.
•-..<•
-
"
\
at
{
■■'•p, •
r-
■
-ta
$384,506
preferred stock,
Dividend on
cumulative
7%-
($100 par)
stock
Common
payable July 1,,1942!_—.—_•
903^92
846,106
card
p.
—1——!
—
the
at
1376.
of
12
must
the
York
■*
"
electric
-
•
Period End. July 31
taxes
:
-
on
for
York,. 140 Broadway,
*
„.,i
..
Co.—Smaller Dividend— ::
value,
Cleveland Electric
/The
directors have
Illuminating Co.—Smaller Div.— *
declared a dividend of 50 cents per share.on the
Oct. 1 to holders of record Sept. 19.
This
with 62Va cents per share paid on April 1 and July 1,-last,
and on April 1,-Juiy 1, Oct. 1 and" Dee. 20, 1941, prior to which the
company paid 50 cents per share each quarter.
A year-end distribution
of 50 cents per share was also made on this issue on Dec, 20, 1940.—
V. 156, p. 691.
"
•
. ;
compares
*
'
'■■XS—xL
payable Sept.
tribution
1941
Co.—30-Cent Dividend—
82,564
on
Sept. 9 declared a dividend of 50 cents per share,
30 to, stockholders of record Sept. 21.
<>
.{;
A similar dis¬
made on March 31 and June 30, last- Payments during
as
follows:
March 31, June " 27,: Sept. 30 and Dec. '22,
quarterly dividends of 30 cents each; Nov.
Dec. 22, a-year-end of $1.—V. 156, p. 778.
"$6,699
$933,698
2,915
-"$14,572
,
8,621
"$13,425
76,250
100,965
____!!!_
2,119
funded
-
of
taxes
2,412
•*■
• >
;
'
;
inc.
taxes
Miscell.
1
■
-
paid by secur: holderr
Federal
"
paid
-' 6
!
Balance
108
r
-
1,697*
' '
Sheet.
July
Assets—
Cash
*
"
' 52
4,236
Net
18, an extra of $1, and
.
i:
(I'
.J
i
y
j- 7
.<
-i j '"f i
\
1
i rt
ir
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. mmm
Louis
1
i
T
I
>
.
<
..
!) r
:
-.i
i
••
((.
;
i
*
:
.
; '
$2,556,205
$2,565,164
128,592
'
-
118.940
$2,693,750
25,895
1,192
$3,363 276
^.!«—
82,581-
;
ofj
disp.
$2,675,145
'-915,990
973,638
.
55,-359
.-
1.598
t—267,403-'
881,044
;
■
496,745
319650
$1,294613
$1,253,934
996,308
taxes-
income
1,603,600
$1,324,900
1,603600
837,936.
—
.
.-
dividends
——.
..
$298-,005
t$0.27
.*$349,666-- *$278,700
Nil
Nil
-
tOn 1,075,429 shares outstanding.
1
1
'
•
1941
»
.
.
:
Note—Federal income taxes paid for the year 1940 and estimated for •
years 1941 and 1942 are subject to adjustment upon final review
by the U.' S. Treasury Department.
It is not anticipated that the
company or its subsidiaries will be liable for-excess profits tax for the >:
period. .-•••
"! ' •"
•
< !i <■
1<. -, .
) " "•
Consolidated Balance Sheet June 27, 1912
"■>.<{>: .
the
.
3,289
5,374
•
,
16,225
Assets—
$5,279,152
1,014,702
208,953
"7,047
-
Trade accounts
Sundry
receivable
accounts
and
advances
to
employees
Inventories ;at- cost-^:.*v—J
Sundry stock?? bonds and mortgages at
Deferred
•'
4,700,082
v
'cost_:_4!__,:^J_i_177,772
599,454
charges "!"_■?!!!_
(less res. for depr., $21,820,220)29,729,516
(net)-,_.^„__
252,335
i,
6,831,405
Plant, pnd' equip,
Non-operating land, buildings and equipment
Goodwill
,
^
Total
Liabilities—
5,676
...$48,800,416
'
459,,?27r '
311,467
Accounts
152,923
on-hand_j:-c_.—i.i.-._l_!!-._
share^_c_—!
common
per
Cash, in banks and on handi!^i.___u_____
1042
^^__!
;__!!
profit
Surplus
Earnings
$15,128,308 $14,600,754
842,663
' " 842,663
equipment_i_,__._____,
;
and
;
Subs.)—Earnings—
<120,719
—
Preferred
6,749
"
81
'
banks
in
:
income
Federal
.
.
corp.
Intangible assets
!
■%',
- ;
•
"
'
*
1,979
•
989
and
-
t
Depreciation
-
■t'r-'6',883
'•
covenants- '-
plant
339.
i!!!_„!_.!!!.—_!_j
equip,
on
Interest
$789,854
443,464
12,272
-
2,476
471
v
deductions
Property,
p.
profit_!!ri!A/—iXlJ ' $3,242,550
income
Total
Loss
income^,^ " ,"$94,620
"$111,443$614;975 ' - $318,705
"Deficit.. Income taxes for the fiscal year 1942 are estimated to be
$226,000;
An amount sufficient to meet this requirement is being
'accrued monthly.
""■••••!, ?.
■
>•.;
«;l Net
■
156,
Ended—""
Operating
;
10,897
-
'".
State
Refund'of
t
Juiife27.?42^ June 28/41 June 29/40 V
$38;312,832 $32,551,689 $31,208,097
expense„:„_!____!_!!!,' 33,070,276 29,986,525 28,651,892
and
Cost
$778,957
-
$9*2,3.13
30.5,000
9,189
"$3,784
debt
income
142,491
Accrued
real
2,485
Accrued
.......
$1,080,799
.!
interest •_!,
payable-!„-____i!_!
-
receivable
Accounts
Indebtedness
to
(less reserve)
employees^-
-
Inventories
Unamortized
funded
debt
expense_j._j_^
Prepaid taxes,
insurance
Other deferred
rentals^-.;-.u—CjJ..-—*
charges..!^i__'.^
and
1,748
219,672
—*<-■
lease
Total-
•
-
.162,755
-
70,428
24,167'
7,392
71,773
24,285
1,075
<
$16,923,252 $16,165,424
,,,-i
Liabilities**"•
Common
•
•
stock. ($1
r.
-
v
*.•
.
$886,026
Reserves
'79,86S
58,000
4,652
Capital surplus
!-
3,375,368
8,378
920,258
Paid-in
surplus
Earned
i
surplus
.V
w
-
Miscellaneous"
Funded
*
"
462
2,420
3,375.368
' - 8,378
306,945
$16,923,252 $16,105,424
Total
'•«t
155,
p.
2455.
■
t >'■
-
r
'
j
f -r)<
f
>
.
»')•"' "-ii ' J' "O 'i-'H * o >.
•' -H-i.i'.i J-.1A
:.
!..!..
.
....
1,465.341
„!'"'"
40,756
153.263
..
L
preferred stock
(1,075,429
($100 par)
no par
shares)"!..-
16,537,000
.!'
debt
Common stock
658.500
336.018
J.///
reserves
" '
...
...L:'
8% Cumulative
Paid-in
year
reserves........
Insurance
24,780.000
1,000.000
..
L ''
surplus :i'i:!
5
Earned surplus
i
w
t.;*,
Total
-V.
J_'_
584633
956.397
!_!.
i.
$48,800,416
155, p. 2275.
Continental Can Co., Inc.—New
.
addition to S.
In
for a
number of
Sept.
9
elected
company,
—V.
one
Federal income taxes.!.
deposits.!
i
.!
781
594
t
496,154
on
Salesmen's guaranty
153,960
credits--^..,
extensiohs_^._-__»_!___
payable
Estimated liability for
3,670,099
deposits.--
217,075
-
preferred stock./.
Funded debt installments falling due within
Dividend
494,480
social security and sundry taxes.!.
estate,
223,116
155,984
3,905,920
;
deferred
7,400,000
360,389
j
deposits
_!
extension
Main
'
!_
! ;
__j
liabilities
Consumers'
'
•
90,683
payable
payable
Accrued
J
$886,026
'
'
7,215,000
:
Accounts
Notes
■'
<•
_•
!^_!j
par)
Funded-debt
H
.
work.—V.
sales
Net
339,987
390,799
1,146
Contributions for
was
were
Diehm, formerly with Etohm & Haas Co., Philadelphia,
tecnical director of
Container Corp., it was
28 by Walter F. Paepcke, President.
Dr. Diehm
with R^hm & Haas since 1929, doing research and technical
Aug.
on
26 Weeks
128,500
•
82,336
■
funded
Technical Director
-
_•
on
^
Continental Baking Co. (&
*
The. directors
in the
;
—
/
expense
Other
Climax Molybdenum
prescribed
rates
appointed
been
sales
Fire
payable
stock,
common
had
t
in-
&
$5,578,786
Dr. Robert A.
announced
1942—12 Mos—1941
~$2,834,915 $2,275,088
1,224,128
1,023,176
' 157,795
132,969
$364,839
253,795
33,180
"
1307.
The
increases.
has' been
.
/
783,339
v
1942, Federal income and
Container Corp. of America—New
Credit
or
.<,•*
,
.,
37,373
-
income
debt
•
•
S.A.)
will issue an admission
of the stockholder.—V. 154,
name
1942—3 MoS-^1941
deprec.. &
Amortization
cents
share has been declared on the common
payable Sept. 15 to holders of record Sept. 8.
A like amount was paid on
March 14 and June 15, last.
Payments
during 1S41 were as follows:
April 1 and July -1, 50 cents each;
Sept. 30, 50 cents regular and $2 extra, and Dec. 23, $1.—V. 155,
p.
the seven months ended July 31,
3,424,817
•
profits taxes have been accrued at the rates prescribed in
plus additional provisions aggregating $1,075,699
Loans
declared a quarterly dividend of 85
Sept. 8
of 20 cents per
par
•
$9,786,942
:
the
for
pending House bill
(45%
income and surtax and 90%
excess profits tax) would require
during the first seven months of 1942 $1,732,594 more than at the
<1941 Revenue Act rates, or $656,895 more than was provided in* the
St.,. which
ia the
\
60,500
State
Other" interest
Co.—Reduces
Suburban Bell Telephone
Cleveland Builders Supply
no
$4,176,286
possible
least seven days
be mjade in New
deposits may
Investments
dividend
$291,464
<;
1941 Revenue Act
directors that-the ordi¬
1942, at 12 o'clock noon
their shares at
$441,082
275,445
.
_-!!-__'! v
Balance
1
..."_
;
the common stock, par $50, payable Oct. 1 to holders
'of record Sept. 18. Previously, the company paid quarterly dividends
of $1.12 each'oh Jan. 2 and July 1 and $1.1T each on April '1 and
t)ct. 1, or at the rate of $4.50 per share 'frer annum.
This latter
'rate was paid since ana incl. April, 1927. '■
r
The American
Telephone & Telegraph Co. owns 29.71% of the
common stock of the
above compaxry,—V. 156, p. 425,
A
$149,355
excess
of
Electricidadi
by the
Quch
Pine
30
out
taxes
Interest
-
.per share on
stock;
783,339
Balance
.j
Avenida Jose Antonio 15, Madrid,
acting upon the points indicated in
' "
1 * V
of the by-laws, stockholders wishing
of* Nw
Co.
Trust
Agency,
depletion
;
Quarterly Dividend—
l>*>
$8,384,442
3,424,816
65,278
361,606
—__
pfd. stock__^
pfd, $tk. exp.
on
Amort, of
"i ■
i
energy
de
Sept. 30,
deposit
*4
Under bond
f
285,389
65,278
$1,020,195 $12,954,923 $14,363,7.05
378,064
4,570.482. < 4,576,762
company.
meeting..
,,
come
$51,806,776
Valley RR.—Tenders—
1636.
directors
$642,131
285,389
Divs.
company,
Article
meeting
Guaranty
Provision
N. Y. City,
The
$500,022
income
"Deficit,
Cincinnati &
•
the
of
with
date
New
Federal,
Treasurer Of the Pennsylvania RR.,< 380 Seventh
will... until 3 P. M. Sept. 30 receive,bids for the sale
to"thfc company of first mortgage 4%
bonds to an a mount-'sufficient
to exhaust $13,900, at prices not, to exceed par and interest.-—V. 147;
p.
the
to, the meeting made
General
Schotter,
W.
H.
Ave.,
office
on
by-laws of the
Gross
Cincinnati & Muskingum
t
Net
-
-
690.
p;
of
output
of discussing and
the
Other
156,
Gross income
;
other deductions
;<,-
Corp.—Weekly Output—
Hispano-Americana
Operating revenues
Operating expenses-
15,500,000
15,000,000
—————
Total
-V.
521,654
$861,628
prof,
excess
Other
——20,589,131
Surplus
:
■'
290,600
5,700,000
3,153;243
3,914,330
2,945,637
*
.
Consolidated Gas Utilities Corp.—Earnings—
»
$262,500
975,146
.
tax (no liability for excess profits taxes).,.
aon-voting preferred stock ($100 par).!—
income
Federal
•' : " -j"
■'
of
attend
Suisse
' *' v<
•
I f
kilowatt-hour
accordance
York
common
Liabilities—
'-t -r'
:
'.■
purpose
18
before
———————T' $51,808,776
-Total.
274,100
Int.
""
-
v
•
•
head
the
In
..
•
«'
•
■
general meeting will be held
Article
.
'
'
Wilmington^ Trust Co., 3,605 shares—'
News-Journal Co., 7.460 shares——
—>r——— ..
.
''.
weekly
the
for
series (at cost).—600,480
stocks— '■ !,
;
,
E. I. du Pont de Nemours & Co., 3,049,800 shares.-.'.^—.
44.659,257.
General Motors Corp., 90,151 sharesj!;^!-.—7:4,4-I2,$35
in
:
The stockholders have been notified
S. Treasury notes—tax
Investments
:
■;
-.
June 30, 1942'
—^!———
Cash*.
reserve
"Chade"—Meeting—7
nary
'
•
263,809'
338,223
6,783,936
3,355,270
4,131,400
5,673,395
550,000
266,295
taxes_.
Income
period—V. 156, p. 602.
$39.76
—
1942.
30.
561,040
taxes
taxes
♦Fed.
2364.
p.
Compania
—t-!_v———-—XL'-*- $114,467
rate of 45%.
provision
June
and
deprec.
general
"Federal
$3,958,697 $51,636,827 $48,510,147
18,737,902
18,428,233
1,559,993
1,501,735
amortization
for
1942—12 Mos—1941
1942—Month—1941
$4,050,575
expenses
for
Prov.
$9,461
$33,757
5,850,000
on
combined
surtax
Note—No
15,591
subsidiaries
of
this corporation, adjusted to show general business condition^ of
territory served for the week ended Sept. 3, 1942, amounted to 211,798,354 as compared with 183,529,380 for the week ended Sept, 4, 1941,
an increase of
28,268,974, or 15.40% .—V. 156, p. 864.
'V
470,000
—4..
——
share...
155,
'
■
The
basis of latest action of the U. S. House of
Representatives at the time of printing of this statement; viz; normal
"Approximated
<•
$25,051
bonds, $2,108;
to reduce.to aggregate quoted market
Commonwealth & Southern
.
June 30, 1942
.•!————!— !_
,
surplus.—.
common
per
>
reyenue-
Operating
"During
1942
six months ended
the
dividends
dividends
increase
Earnings
'"■
Gross
,
Expense#? other than Federal income tax—_——
"Prov. for 1942 Fed. inc. tax (no liab. for exc. prof, taxes)
income'for
(less
cost
v
Co.—Earnings-
31—v
Period End. July
12
$7,681; 'preferred
stock
($1 par);
$318,428; capital
surplus, $1,590,309; earned deficit (since Jan. 1, 1938), $318,608; 4,650
shares of preferred stock in treasury—at cost, $71,991; total, $1,598,"-'"
(Incorporated in Delaware;
stock
1,750
payable and accrued taxes,
$72,221; common stock ($1 par),
'
Earnings for the Six Months Ended June 30,
Income—Dividends received on common stocks—-.;.--
Common
"
1942
Sheet, June 30,
1>. *r d',, *■ *>
'
Power
Consumers
C
$23,289
Liabilities—Accounts
.<
..
Christiana Securities Co.—Earnings—
stock
?-
14,936
price, $4,047,739), $1,287,221; total,.$1,598,040.
$9,731,817
income
Preferred
*
$48,694
$25,932
trans.
secur.
&
1942—Month—1941 /"1942—8 Mos—1941 $1,160,846 $8,696,848 $7,019,154
Assets—Demand deposits, $300,710; accrued interest on
(D. C.)—Earns.
$1,717,874 " $1,314,851
revenues.!
152, p.
V
l.—17,411
601.
p.
'•
•
1940
<
■" j—"
$43,343
<
—
expenses
156,
<. • >
*
.*
Inc.-^-August Sales-—-s'')
$1,296,151
w„I_!_^_!___!
Prov.
1942—6 Mos.—1941
1942—Month—1941 " '
Period Ended June 30—
Operating
'Net
"
72
Balance
—V.
3,275
—
%: ■
Aug^ 31-/
Period End.
V.
1941
$45,844
' 2,850
$39,996
I^' [.
') %.
'
•
,
Chesapeake & Potomac Telephone Co.
Net
?
Securities, Inc.—Earnings—
Commonwealth
Dividends
1942 and $4,110,577
depreciation of $4,343,881 in
dividends payable ($121,694 in 1942) and
less U. S. treasury tax notes of $3,510,800,
338.
"
p.
"
)
s
Consolidated Retail Stores,
-v ,
-
.
Six Months Ended June 30—1942
•
7,323,587
tlncluding
($4,003,207,
1941.
■
$6,635;-total,-$1,717,977.—V., 156,
1939,
$10,085,318 .' $9,860,038
Total
jn
$1,313;
taxes,
common'capital
p.
2,203,710"
> 37,165
295,576
.
7,380,772
—!-_!"•
surplus.-—r__!-_^.!—
Capital- &
accrued
$9,860,038
-
• -
- ■ -
.
-
-
$2,457; dividends payable, $14,846^
treasury stock purchased—not received. $1,233;
($1 par), $371,151; paid-in surplus, $1,319,441;
LiabilRics-T-Aecounts ,payable,
.
its System
of
Sales
income
Deferred
5
077.
:.V'
1
'tCurrenfc'liabilities
announced sendout, o& the electric plants
for the week ending Sept. 6, 1942, .amounting to 163.*
100,000 kwh., compared with 149,000,000 kwh, for the corresponding
week of 1941, an
increase of 9.5%.
Local distribution amounted to
141,200,000 kwh;,- compared with 441,000,000 kwh? for ^he corresponding
week of last year, an increase of 0.2%.—V.. 156, p. 864..;
The, company- on. Sept. .8
deposits, $33,650; interest receivable, $3,812;
investments in marketable securities—at cost; $1,679,615; total, $1,717,-
562;712
<2,534,529
J-;., .V----V
298,905
129,734,,
*
1942
June 30,
Sheet,
Assets—Cash^dehiand
->
470,244
2,524,857>
$10,085,318
Total
„
Balance
July 3I» '42 June 3(L'41
in;banks_^^_^-l__„^c^u.-3:^" $2,003,664 $2,116,218^,
receivable <(less reserve•
1,901,970 - 2,093,281
!
!
,:
—
-2,885,676
2,423,564
"«
Inc.—Output—
Consolidated Edison Co. of New York,
,
'
..*»'■
;
i ■ <4
,"M ,'4
years,
Frank
has
past six years,
"f-
Exec. Vioe-Pres.— '
t
>.sA
>
-
Executive Vice-President of the company
the directors on
Vice-President of the
with headquarters fn Chicago,
J.
O'Brien an Executive
New York,'
<■<.■.
with headquarters in
Mr. .Q'Brien
the
J.; Steele,
been Vice-President in charge of manufacture for
prior, to which he was; General Manager of Pro.
;■( (
.Hi
.111
\
{•
;
■>
!•
'
(
\
!
t
<
n
!
'
.-•)■!.(•
;
..
t
Volume 156{
duction
for
March,
the
•>
Numbef 4107'
Mr.
company.-
1938.—V.v 156, p.
'A
"
a
T
>'
;1
.*
».
THE COMMERCIAL & FINANCIAL
O'Brien has 4ilso been
602.
director; since
a
Detroit & Mackinac Ry.—Bonds—
-
CHRONICLE
;
957
.
*
,
El
The ICC
on Aug; 26 authorized the.
company ;to pledge and repledge
including Dec. .31, ,1942,. as collateral security for indebtedness
totaling $140,000, evidenced by a short-term note or notes, not ex¬
ceeding $500,000 of mortgage bonds.—V. 156, p. 427.
to
i.
Continental Gas & Electric Corp. (& Subs.)- -Earnings
12 Mos. End. June 30—
1
1942
Subsidiary Operating Companies:
operating rev,ehues-iv--—------purchased
gas
for
$40/725,178 $39,964,985
-----
2,756,738
resale
Operation
State,
local,
State
income
^Federal
etc.,
2,064,268
4,716,230
"3,537,209
3,594,502
—«;v-_——""
ta^es—
;rv-—_v———:—"
taxeiz>--il_^£±^r_-i^-"-^£f---~
income
taxes—
93,630
■
profits taxes--i---------- r—T—, 554,107"
Provision lor estimated .increase in Fed. taxes—:
585,576
Net, earnings
Other
income
1
of
elected
■"
utility operations^.
(net)
•—
-
Total
earnings—2^—_
net
on
1——1—
held by
securs.
the
on
3,903,944
Balance
■
i——
——^
—
(Continental Gas & Electric Corp.:
Income from interest,
\\
^
(
director
————
This
stock,
$6,087,130
"
the first
is
Amortization
of, debt
2,521,038
expense--:—
discount and
»157,077
"State; local and Federal taxes
Provision for estimated
165,050
128,357
7
"
Fed.-taxes"
.
'
-
payment
,
!
;
Oct.
.1
864.
p.
?
t.
J
.
holders
1,
1939,
of
,
;
•
■
■
^
4;
864.
p.
J.
-
applicable
.
the
1942—Month—1941
earnings__ii_:i'-_
$65,303
1942—4
■
$59,753
26,456
expenses-,^™",
*
r
•:
i
•
balance
i
-
>
'•
•*
f
173,083
1,320,053
——
:
•
.
earnings—lI
$38,847
$41,134
$15.5,129
$149,556
Note—Operating expenses 'do not include'income and excess profits
taxes.r—V.:S156, p„161.
M•.
[
1,320,053
Earnings per share of' co'mmeft- stoek-Jlyxi^dii^
""Federal
Income
for
taxes
* ■'+.*>
total
been
accrued
spb-
Bank &
50
1st
for
Western Nnrth
interest.
Trust
5^>-
mtge.
redemption
Payment
extended
will- be
Carolina
RR.
";/k
of Sept.
as
Co., trustee,
599.
p.
V
of
called
pre-
period are based on rates
19411tExclusive of income from
by the Revenue Act of
sidiaries.—V. 156, p. 339.
A
v
$8.10$12.71
current
Jscfibed
&
Bonds Called-^..V1"!'
$1,736,948., $2,725,821
Crown Drug
Co.- -August Sales—
f
Period End. Aug. 31— '
.
1942—Month—1941
Sales—V.
$834,034
156,
.
Co.
1942—11 Mos.—1941
$743,078
-
$8,573,723
$8,065,335
The
602.
p.
made
due-Nov.-1,
1942
at
at
is
3 Mos. End. July 31—
Sales (net)
:
Other oper.i income
Miscellaneous
1942
(excl. depreciation)
(net (
Dividends from Fibreboard
Total
•
the
Tradesmens
Depreciation
Operating
Interest
U.
:
S.
excl.
of
deprec.
depletion—
expenses
notes
on
based
sold,
117,232
*
& deplet.
1,242,017
Canadian
taxes
for
existing
Philadelphia,
Pa.—V.
U.
Income
S.
42,257
Govt
taxes
155,
7;/"«•.
and
to
use
that
per
common
Note—The
Month
of
$1
share
per
record
Share
the plan
Co.
Canadian
of
expense
includes
subsidiaries,
23,745
Bond
time
$1,803,147
$2,309,135
Share
&
number
Co.
owned
after
the
$0:50-,,$0.73
items
translation
of
of
income
issue
since
1936.
of
and
preferred
Sept. 18.
record
Seven. Months
stock,
-
Canadian
subsidiaries,
vert the increase in
after
parity
American
Gas
tb
submitted with
to
offer,
the
for
*
&
Electric'
application that
each
share
Electric
of
Co.
its
.
preferred
plus cash
from
Co.
and
other
upon
applicable
considerations
sufficient
of
shares
by
of
Electric
take
to
stock
common
Bond
Share
&
shares
all
up
of
of
Co.
its
American
preferred
Gas
&
shares)
(846,985
is
offered
stocks
no
par
preferred stocks- the 'plan
provide that all sham of preferred stocks offered for exchange are
subject to acquisition in whole or in any full share part.—V. 156,
to be
Ended
July
865.
p.
31
^
•
.■
;
./, /
-
$254,746
$909,556-
-
87,789
196,358-
1,137
882,243
5,445
22,239
Electric Storage Battery Co.—50-Cent Dividend—
$1,934,481-- $5,471,328
1,052,238
5,317,726
713,198
166,957
:
-1942—7 Mos.—1941
42,963
$158,840
'
A
153,602
*
7,246
f.
162,409
dividend
stock,
14,496
A
no
of
50
cents
value,
par
similar
payment
share
per
payable
has been
Sept.
made
was
30
declared
holders
to
this issue
on
of
the
on
record
March
on
31
common
Sept.
14.
June
and
30,
last, and each quarter from March 30, *1938, to and including Sept. 30,
1941, while on Dec. 23, 1941, a disbursement of $1 per share was made.
*-V. 156, p. 780.
** v
' v"'\ 1
"
' :
360,825
$727,088 '*"$192,727
'\"
the
exchange.
of
deductions
of
exchange
profit
to
necessary
i
Electrical Products Corp.
;
,
Gross
Ebasco
&
were
follows:
as
'•
•
\
u
profit from
Selling,
Dividends
Bad
•
.
rentals and
administrative
Operating
*
—Thousands of Kilowatt-Hours—
- •
(& Subs.)—Earnings-
Earnings for the 6 months ended June HO, 1042
&
•
•
and
sales
$511,819
general
246,898
expenses——
!
profit
$264,922
received
debt
7,321
recoveries,
commissions,
&
disc.
other
income^
•
„•
16?908
•—Increase—■
1942
Operating Subsidiaries of-—
respective
The -net
J,
;
and
Electric
the
in
'
,
the
1942, the System inputs of client operat¬
Services, Inc., which
are
subsidiaries of
Light Co., Electric Power & Light Corp., and
Light Co., as compared with the corresponding week
of
Power
American
at
'
will
this
$145,855
Power
during 1941,
at the rate of 90 .cents
dollar, except the charges for depreciation and depletion
converted
its'interest
such
the
v>:.
on
"
156rp.: 513. :
companies
American
Canadian accounts into equivalent U. S. dollars,
were
of
;'
proposes
if
For the week ended Sept. 3,
ing
———
statement
Itself
'
exchange, Electric Bond & Share Co. will apply its holdings of such
common
stock and cash to
the acquisition
upon
such basis
(to be
furnished by amendment) of a substantially pro rata
portion of the
Sept,; 18..' This
Ebasco -Services Inc.r-Weekly Input—
^
18,411
share---r«-y-;—i-?/
foregoing
Electee
subsidiary of
convertible
1942—Month-1941
income
per. Canadian
which
on
'
National
Earnings
Go.,
additional cash in retirement of its outstanding
-
stated in
&
the
not
2,032,921
515,000,
period———
a
usual, quarterly dividend of 50 cents
holders
to
holders
on
the
ir:—
"Deficit.—V.
;
stockholders' equity- in earns., princi¬
pally Pacific Mills, Ltd. ——j.—v-~———
for
y
the'owkar
is
shares-of those preferred stockholders who desire to take
advantage of
such exchange offer.. ..The applicant also states that in order to avoid
the acquisition of fractionar shares of Its
cumulative
1
dividend of
a
to
made
declared
$2
_
expense
Net
on
—ww—
profit
comply; with
Co.
income,
on
Minority
Net
Oct. 15
1,133,594
laws—,.——1,841,621-
additional
poss.
to
:
Share
amendment to the plan is filed.
The plan, as" sUbmitted, contemplates that the exchange offer will be open
for a
specified period (not presently stated), and that such offer will provide
.
■
on
enable it
for
to be
also
the
on
payable Oct.
Other
1,868,265
26,875
payment
directors
Other income
13,026,532
1,951,048
—i
—————
payable to banks————I...
and
117,232
U 13,438,546
payable
Earnings for
$20,836,665 $20,436,449
—-
—
and
Govt,
Prov.
Products, Inc
to
Act.
Bond 8c
stock of American Gas & ElfcetrtC
common
to. divest
proposes
Electric
at
National
••
Period End. July. 31Operating revenue
Operating expense —:
Operating income
39,995
>
.
the
'
298,841
.
53,288
:
first
$19,980,381
286,714
.
•„
income
Cost of goods
$20,379,431
i—-V~
(net)
income
plan
a
of
Electric
in Its portfolio.
The plan, as
does not set forth the basis of such exchange offer;
instead, the
applicant -states that the terms thereof will be submitted by amende
ment and will be predicated
upon the market value of the common
stopk of American Gas & Electric Co. and- of< the preferred stocks of
and
Lines, Inc.- -Resumes Dividend
Sept. 4 declared
on
stock,
share
value,
1941
-
the
per
.......
.
of
(b)
.stocks,-common, stock of American Gas
its treasury,
or, from the sale of bonds
has
bond
'
directors
The
:r- Crown Zellerbach Corp. (& Its Subs.)—Earnings—j •«"
(Including Canadian Subsidiaries)
11
that
shares of the
Co.
is
Bond
V."
,•
1965,
$700 per
'
common
■i»"
*•
Share
Co., and that the applicant now has outstanding
shares of $6 preferred stock and 269,600 shares'of $5'pre¬
stock.
The application also states that Electric
Bond & Share
now
'It
.
Co.—
-.)■
honds
15;
1420 Walnut St.,
Eastern Steamship
Common Shares—
f''
■
approval
states
Electric
'
Preferred
Holdings—
filed,
^East Tennessee
k
■-
for
Section
preferred stocks.
•
$3,057,001 ' $4,045;874
■——
J
.
_
Consolidated
.vol*
&
Electric
*
Dividends oh prior preference stock—
fo/;fextesS
liability
any
registered holding company under the Act and
ferred
70,j84
t
has
^
1,059,325
*
99,979
thereto
provisions of
of 846,985
Mos.—194f
$219,740
$255,108
'18,619
•>,
it
Bond & Share Co.—Will Exchange
The application
,
a
;
111,425
„
and'surplus—L'...: •"'* $192,258 *' "$189,613
-
,
Ltd.—Earnings—
stock
The company.on Sept. 8 filed with the
SEC an application designat¬
ing Section 11
(e)
of
the Public
Utility Holding Company Act as
*»
■
,
-
•
'
.
.
•
207,706
miscellaneous—
3,730
$329^849
jl^l ,236
'$303,683'
Stock for Amer. Gas & Electric Co. Common
4%
a
*
.
requirements—rl
for Common
V Electric
record
when
dividend
"The company * does not consider that
profits taxes.—V. 156, p; 603. i. ■
> '
Net
10,133
Consolidated net income
24,675
i(693
,
-
'Balance
share
per
.
v'
.
to
since March
156,
East Kootenay Power Co.,
-
Operating
"
Expenses and
'
-
17,840
16,016
taxes—
—
-
Preferred
-.,159,132
in
increase
Presi¬
companies,"has
513. -
p.
cash., dividend of five cents
a
made.—V.
{ was
vacancies.—V. 156,
Gross
$7;027,485
2,490,162
156,:
i>»
$1,« payable
par
Period Ended July 31-
Ji
——^
—
debentures.———
on
income
taxes
Bond
1
38,739
—i—<"—>—
Total "
other
'>■'>
"
Interest
of
Mine3, Ltd.—V.
Upham and Sinclair Weeks have resigned as directors. PomDay, Attorney of Hartford,. Conn., has .been elected to fill one of
eroy
.
16,159
-v
Chrysler Corp.,
Eagle Lock Co.—New Director—
$6,988,746
,
of
^ Preston
4,507,730
»"■ $6,070,971
dividends, etc. ——I
common
'
the
!
director
and
Dome
V*
./*>" : ;
■
distribution
'V
76;061
B9,974,915 $11,496,476
public, etc-.
Corp.,
director, of
a
The directors have declared
,
;
Total int; & divs.
Soto-Motor
j
Sept. 23.
27,303
-
1941 •>
$376,094
17,379
"Federal
Duro Test Corp.—Cash Dividend, of 5 Cents—
$9,947,612 $11,420,415
_
De
"*V
stock
from
Foy; Vice-President and
been
2,764,097
"217,663
-
1942
$338,972
Expenses
Balance
C.
dent
89,814
3,198,811
"
_1.
Federal excess
''
Byron
12,793,927
2,173,'713
4,659,184
—l::—
—
—11
(Del.)- -OEarnings-
Dome Mines, Ltd.—New DirectoT—
2,304,069
13,218,598
Maintenance
Depreciation
Co.
July 31— t
'J,
revenues
Other
Total
Electricity and
Total
,
1941
Paso Electric
12.Mos. End.
and
National
of
Power
Power
&
&
Power
Light Co._
Light
&
The above figures
con¬
working capital for the three months ended July 31,
dollars, and the minority stockholders' equity,
not
appearing
115,996
Pet.
20,769
14.9
6,008
7.3
9,814
9.2
"
-106,182
-"
...
\
•
Total
periods.—V.: 156,
p.
864.
■
Net
$289,150
discounts
for
Federal
profit
&
other
income
sundry
tax
deductions-.
contingency
8,249
(est,).
140,450
Lto—un¬
———
*
consolidated surplus at Dec.
- ■
,,
income
Interest,
Prov.
do not include the system inputs of any companies
both
in
Co.-
Amount
82,481
*v
88,489
Light
1941
139,765
!
■
160,534
Corp.
$140,450
31, 1941.
805,294
1942, to equivalent U. S.
$206,856.
The consolidated,,net profit shown above far the corre¬
sponding three months last yeap- includes net profit of Canadian sub¬
was
sidiaries
a
vinclal
because
of $307,268, after eliminating
taxes on income, not required
for Canadian
provision
the
proT
various
provinces
,of Canacja withdrew from the income tax field, effective Jan. 1, 1941,
■.Untilprie
The
p.
,579.,U
-
Cash' dividends paid
Balance
per
March 31
and
31,, 1941.-^ 155;-pt
•••'70'".
Dec.
June
30, last, and
Jan.
on
;'^
2276:
Earns,
1, April 1, June 30, Sept. 30
U
r>
;,
First National Bank, depositary,
,
receive
on.
Nov. .2
5'>
bonds,
sufficient
not
dated
bids
for
June
exhaust
to
Dallas, Texas,
the
sale
to
1934,
1,
and
due
$20,713.16
(held
it
of
1st
Oct.
the
in
will until
1,
mtge.
1944,
10:00
prices
at
Edison Brothers Stores,
the-period
Sales
Inc.—Special Dividend—
The directors have declared
In
addition
the
common
Like
in
disbursed
were
quarter during
paid on Dec. 24,
Diamond
on
1941.
A
March
year-end
and
June
on
dividend
of
:
and
cents
five
was
J::V-
<
1941
-
$2,468,493
107,424
tax, etc.1,335,720
1940
$1,897,016
101,815
—
The
$990,000 first mortgage bonds, series A, 3%%, due July 1,
be
sold
Mutual
•
$1,769,761
redeem
786,601
651,278
A,
$1,030,957
$1,002,991
$1,003,236
450.000
—
450,000
—L
dividends
Common dividends paid.
525,0001
Surplus
Shares of
'
450,000
-
stock
Earnings per share.
$55,957
$27,991
700,000
700,000
$0.83
—
$0.79
$0.79
'Note—Federal taxes in. 1942 have been accrued on the basis latest
regarding .the
proposed Revenue
Act,
1942,
Including
House Bill 7378.—V. 156, p. 427.
I
information
Diamond T Motor Car Co.3 Mos. End. June 30—
"Gross
Cost
sales
of
1941
1940
1939
■>
$23,719,202
sales
bank
$7,830,494
$2,751,059
$2,476,404
20,049,880
7,006,583
2,445,197
Gross
used
Ins.
due
Oct.
outstanding
now
Period Ended July 31—<
Operating
v;
Co.,
I,
in
1961;
the
1972,
Net
<
oper.
Other
of
$305,863
and
on
;
sales
;_
•
Operating
profit
957
1,740
$825,733
$306,821
;
^
272,716
244,699
Interest
$347,084
$4,270,230
$3,757,748
131,344
1,607,638
1,445,147
20,747
252,534
34,766
430,353
410,457
93,220
42,737
705,232
35,448
425,037
$63,386
$82,042
$849,436
Drl,474
-
Interest
paid
—
Contingent reserve
.
582,409
•
$3,086,914
$387,364
$34,103
$61,156
5,570
4,617
Net
"Of
income
new
$3,089,182
16,963
$65,299
660
167
8^725
~12~500
$271,355
1174/700,
$212,437
$61,913
(pub.)_
21,919
22,528
$39,994
;
$84,480
$61,952
——
Paso
'
.
Electric
dividend
Co.
$52,632
owances,
on
on
income
the basis of
and
tlncluding
excess
the tax
excess
profits
bill passed by
July 20, 1942.—V. 156, p. 864.
profits tax,
taxes
for
the
profits
taxes
provision
be
of
required
amount is
amounts
months
purposes
1941
have
of
been
Repre-
for
"Accruals
requirements
1942
Federal
based
are
Min.
paid
dividends
Federal
and
under
Dr49,192
$800,244
the
the
266,198
369,239
$534,046'
L——
$625,009
(Del.)
$601,159
67,501
$466,544
(normal
1941
$220,000
proposed
excess
ended
for
profits
July 31,
1942
and
Revenue
for
Federal
surtax)
Act
additional
Revenue
taxes
1942
of
and
income
60,438
plus
taxes
Act.
This
$540,721
and
excess
an
added
which
(est.),
1941
$694,654
58,193
$738,813
141,649
$752,847
$880,462
—
Fed.
income-
income
97,728
—
taxes-
79,999'
281,535
258,050
157
103
1,748
—
2,391
$371,682
$539,920
P.
deductions—.—
income
on
—
investments—
of
to
int.
14,492
$223,565
$525,428
public
100,919
144,270
co.—
749
1,560
—
$121,898
$379,597
surplus
pfd. stock of subs,
stockholders'
148,116
in
in
hands
income
of
of
sub.
———■——
HO,
taxes
$600,339
and
include
966,789; Empire Power Corp.
$4,500,550;
for
The
Act
-
-
expenses,
co.
and partic. stocks held by
sub. cos.,*
held by Empire Power
$139,097;
furnitpre
and
Corp., $1,984,fixtures, $10,556;
$46,395,648.
.
..
Liabilities—Accounts
payable, $5,701; unclaimed dividends and in$32,492; reserves, $2,478,828; preferred stock, $4,223,200;
minority interest in common stock and surplus of subsidiary, $63,276;
Empire Power Corp $6 cumul. pfd. stock, $7,133,000; participating stock
(less stock in treasury), $3,093,300; common^stock, $1,000,000; surplus,
.
terest,
,
etc.,
$28,365,850;
total,
$46,395,648.—V.
156,
p.
693.
Emerson Electric Mfg.
the
The
12
banks
enacted
in
1941.
tlncluding operations for the entire period of system acquired Dec.
30, 1940, from Mesilla Valley Electric Co.—V. 156, p. 603.
Co.—Arranges $30,000,000 Bank
Credit—
for
respectively. For comparative
profits taxes for each month of
the Revenue
pfd.
pfd. stock of sub.
organization
800;
additional
provision
$121,341
1042
Assets—Cash, $5,129,446; accounts receivable, $100; notes receivable;
$4,000; interest and dividends accrued, $660,311; investments, $33,-
may
1941,
Federal income and excess
been restated to give effect to
have
September,
income
on
general
1942
:
16,277
$994,248
.
being spread monthly upon the basis of taxable income.
above
$65,473;
payable,
taxes
for
———_—
for
—
sales
on
Balance
$977,971
23,850
:
income
upon
approximately
shown
$597,685;.
(& Subs.)— -Earnings—
dividend
and
prov.
profit carried
Divs.
393,021
(Del.)_
Balance applicable to El Paso Elec. Co.
estimated
$29,336
Note—Federal
adjusted
$38,720
5,796
trucks and service parts, less discounts, returns,
Federal and State sales, taxes,
sentatives
$392,933
750,000 '
„—
—-
interest
operating
Net
303,377
,
$534,046
Preferred
4,143
t2,050,864
Net
for
signs
on
accrued————
or
contractual
Losses
■
2,437
—
^
of
reserve
227,775
36.630
net-
(less
investment in
$74,045;
provision
losses
——
received
incl.
Other
24,559
taxes-
——;
(El
,
-t 1941
137,149
$305,855
438,369
•
$3,669,323
2,268
—
payable,
for
earned
Total
.
$304,115
1,822
!
income
$315,453;
Operating expenses
••
'
Other
assets,
$143,999;
reserves
Dividends
156,
$390,250
revenues:
amort,
1942
$142,500;
1942—12 Mos.
35,306
income,
30,
6 Mos. Ended June 30—
Interest
reduce
to
total,
Profit
other
Empire Power Corp.
(a) $923,000 to
$42,500
(Texas)—Earnings—
—_—
Balance
Sell., gen. & adm. exp._
June
.
Mass.,
Co., Inc.,
the selling agents.
8c
amount
-1942—Month—1941
■
&
taxes,
Interest
:
income
Sheet
Worcester,
Battles
Co.
into the treasury of the company.—V.
—-
Depreciation
"Federal
-
revenues-—_
Operation
Int.
$823,910
$3,669,323
—
loans
El Paso Electric Co.
profit on sales of
trucks
Assurance
Life
'
Maintenance
:
Balance
2,172,288
i_-
profit on new
trucks & serv. parts
4,/2%>,
B,
balance to be paid
Balance
Gross
Life
National
Other taxes :
-Earnings—
1942
the
series
for
contingeniecs,,
$224,293; deferred Income, $56,855; rental agreements—contra, $1,631,051;
capital stock
($4 par), $1,048,008;
capital surplus,
$385,173;
earned surplus, $814,743; total, $4,584,092.—V.
151, p. 1142.
,
Taxes,
700,000
—
Mutual
and
251.
$28,236
par)—
(no
and
p.
equipmeht
rental1' equipment
$209,904.
Liabilities—Accounts
accrued
525,000
525,000
-a—,.-
common
Co.
and
and
rental
$140,450;
presently outstanding first mortgage sinking fund bonds, series
4l/z%,
short-term
Net. profit
Preferred
State
Smith, Landeryou & Co., and White, Weld & Co. are
The company proposes to apply the proceeds as follows:
115,247
•
to
Ins.
Life
$0.54
plant
amortization^.of
equipment,
$813,910; land—at cost, $234,842; buildings, machinery and equipment
—at cost (less reserves for depreciation,
$320,843), $240,644; patents
—unamortized
cost,
$2,107;
rental
agreements—contra,
$1,631,051;,
deferred charges, $156,743; total, $4,584,092.
on
Sept. 3 granted the company exemption from
competitive bidding rule in connection with the
issue and private sale to certain insurance companies of
$990,000 1st mtge. bonds, 3%%; due 1972, at 104 and
$100,000 3% .notes.
■'*
shs.)_j.+_
the
of
$16,253;
market,
the
will
1942
"
income
income
last,
15,
Co.—Earnings—
Depreciation
Federal
16
last year.—V. 155, p. 2182.;^1
Match
6 Mos. End. June 30—'
Operating
a
(262,002
depreciation
to
$814,743
Assets—Cash,
$323,707;
customers'
obligations
$23,101), $267,949; inventories—at lower of cost or
1942—8 Mos.—1941
$2,561,866 $28,299,408 $20,738,889
SEC
special dividend of five cents per share
to the usual quarterly dividend' of
15 cents per share on
stock, both payable Sept. 15 to holders of record Sept. 3.
amounts
each
also
V'
1942—Month—1941
$3,433,461
—
780.
p.
to
stock
cap.
for
Consolidated
Edison Sault Electric Co.—Private Sale of Bonds—The
-r
■
156,
on
amounted
Inc.—August Sales Up—
;to exceed par and int. Authorized issue is $757,000.
Delaware Fund,
131,001
■
19424^i--4-:—
?
investments
—i
—V.
30,
-
Period End. Aug.-31— >
fund
amount
an
—
June
share
per
amounted
a.m.
sinking
to
sinking fund)
at
Note—Provision
Dallas Office & Club Bldg., Inc., Dallas, Tex —Tenders
•
$945,744
directors' have ^declared
a'regular quarterly dividend of three
share,: U.' S; currency, on;--the ordinary shares, payable Sept.
30 to holders of reeord Sept. 10,
A similar distribution was made on
cents
and
termination of the war.—V. 155,
year after
'•I 'Total "
(The) Ecuadorian Corp., Ltd.—3-Cent Dividend—
.
on
company
to
at
any
The
time.
war
S.
war
a
work.
borrowed,
$30,000,000 credit with,a syndicate of
The company will pay 2Va% interest
and-V*
of
1%
on
the
unused
portion
subject to the right to reduce the amount of the credit
credit expires July 1, 1944.
The
work which the company is scheduled to turn
months is many
W.
its
actually
the credit,
of
has arranged
finance
amounts
out
in
coming
times its largest normal volume in its 51-year history,
Symington, President, said in a letter to preferred stockholders.
<
is
Government
The
assisting
the
obtaining
in
Symington says.
funds, Mj%
necessary
ordinary
The
$3,483,996 $69,971,961 $60,635,124
$6,228,283
revenues
403,108
—
.
569,485
taxes-
1,061,223
Depreciation
•Federal income
614,726
Other taxes
25,748,190
4,699,195
6,839,932
9,199,755
6,998,422
2,058,695
361,507
567,907
516,134
566,662
2,311,948
Maintenance
1942—12 Mos.—1941
1942—Month—1941
Period End. July 31—
Operating
Operation
Subs.)—Earnings—
(&
Co.
22,117,897
4,041,985
6,610,260
4,747,892
6,366,448
5,277
Dr25,436
(net)—_
Dr86,598
Drl91,571
The
L\
Balance
—
of
convertible
$3
592,590
—
and
1941,
$801,095
$9,073,451
$9,195,110
256,394
215,440
2,768,758
2,861,185
$393,373
$585,655
$6,304,693
share.
:
declared——.
Cumul. pref, divs. earned but not
1,538,630
1,583,970
Due
Motors
Interest
loans
(preference in
dividends). Comparable
liquidation
$50
figures
Dec.
31,
•Two-year 1%
for
Balance
$4,720,723
Cash
divs.
1939
$76,254
$76,254
$75,607
($100
surplus
divs.
other
Int.
—
111,463
121,187
122,330
bonds-
13,024
13,331
10,846
•These
earned
on
of
Cumul.
Operating
Interest
Int.
expenses
at
-
42,217
45,475
64,828
83,750
83,750
earnings
Federal
income
Profit
14,854
of
Amort,
applic.
earns,
disct.
to
(as above)
co.
45,340
to bonds of
applic.
sab.
a
$4,769,727
$3,760,851
_—___
co.
'
■
owned by parent co.,
Earns, from sub.
deducted above
:—
: •
3,197
;
7,574
inch as deducts, above:
cos.,
dividends
106,781
declared—--————
123,395
V
and' taxes
—:
56,760
107,853
$4,032,801
$5,118,950
397,594
Earnings from other sources——————-
Expenses
177,036
38,577
Preferred
388,125
—————_—_
"
Other income
expenses
7
153,227
giving
effect
Divs.
Sheet—June
30,
dividends
securities
in
banks
dividends
sold—not
interest
and
and
for
stock
common
and
for
Federal
1942
$2,445,867
$0.73
$1.28
stock
Earnings per share of common
•Accruals
$1,388,591
surplus—:—
income
and
surtax)
(normal and
excess
shs.
receivable
account
profits taxes are based upon the 1941 Revenue Act plus an added pro¬
vision of approximately $2,900,000 for additional taxes which may be
required under the proposed 1942 Revenue Act.
This additional amount
is being spread monthly upon the basis of taxable income.
The amounts
shown for Federal income taxes include provision for estimated excess
profits taxes of $5,183,989 and $1,371,709 for the 12 months ending
July 31, 1942 and 1941, respectively.
For comparative purposes Fed¬
eral income and excess profits taxes for each month have been restated
to give effect to the Revenue Act enacted in September,
1941.
tin
excess of its preferred dividend requirements for the period, less minority
in value of investments in
interest, credited to reserve for depreciation
Period Ended
estate,
:
127,169
(1941—before
dividends of a subsidiary
preferred
cumulative
unearned
revenues
$3,739,419
$3,323,956
————
—_
297,898
income
•Federal
taxes
taxes
Balance
Preferred
"
—:
35,139
$3,341,825
,2,275,490
$2,935,831
————L
—
Balance for
158,928
.
—:
dividends
203,527
97,640
Cr7,413
Expenses
Other
income,
$101,782
income
Gross
1,077,512
2,743,423
Deferred charges -rr—,
Sundry
assets
2,256,084
—
stock
common
and
$1,066,335
$0.56
surplus—
$679,746
—:
—$0.36
Earnings per share of common stock
•The company
consider that it has any liability for excess
does not
$1,210,048
33,880
23,994
353,095
$67,670
$66,800
$856,953
8,821
8,821
105,855
...L-
income
—
;
-
.
..
v
,
$5,000,000
5,298,410
5,298,410
1.000,000
2,248,201
1,000,000
stock
bonds,
on
'
Int.
-
coll.
on
notes
and
surplus
•After
no
4,134
'
54,372
income
1,668
8,530
Federal
income
subsidiaries
its
estimate
vious year may
—v.
excess
be
may
cannot
be
be representative of actual requirements.
1
;■
1..
Garlock Packing Co.
profit from
which is entitled in liquidation to $115
dividends.
The net assets as shown in
amounted to $70.62 per preferred share ,at
31, 1941, and to $74.74 at June 30, 1941
Earnings
Income
26,591
;
1940
$1,353,522
21,253
Income—Dividends
Amortiz.
$5,235
———————
———
1,002
Expenses
and
:
9,596
debt
from
income
receipts
undistributed
dividends
from
income
422
,
Net
55
—
———
...
f709,796
139,715
75,208
$645,922
$528,523
$364,133
313,875
313,875
261,563
209,250
—i-—
common
stock
$186,509
$332,047
$266,960
$154,883
outstanding (no par)
Earnings per share
209,250
^._
—
764
3,307
$50,617
$40,622
7,039
7,740
6,138
5,124 '
8,385
2,996
1,639
...
—
400
—
-
-in¬
——
expenses
inc.
of
over
•Without giving
oper.
exp.—
477
Assets—Cash
in
banks,
general
$13,047;
$1,727,568;
underlying
$36,115 '
$36,376
—
effect to results of seeurity transactions,
Balance
accrued,
$500,384
paid
•Excess
689
,
f 1,299,364
Dividends
$723
36.190
3,160
$725
income
27,425
inc.
income
$725
49,129
$54,704
bonds
on
*
50,819
Corp.-
stocks of other corps.
Capital stock and sundry taxes
19,927
"
•
$4,233
——
stock allocated to
capital
of
sale
18,490
.
—
Federal
taxes
Portion of
13,343
,
1940
1941
1942
8J293
Equities
on
earned
corporate
disct.
expenses
for
Prov.
Interest
ioj*
of
stoek
—.
...
$487,383
$700,493
3,750
3,400
of
Utility
•
Cash div.
Management expenses
t $477,787
.i
f-
on
t.mA
on
1
Miscellaneous
1939
:
•$684,377
'
16,116
15,306
16,300
,
:
dividend
co.:
Total
$1,374,774
$1,819,448
———
charges.
r<»#iAi4
Earns, for 6 Mos. Ended June 30—>'
associated
.
1941
-
$1,792,857
income
Interest
30, 1942
ended June
six months
for
Gross
Dec.
reports
Income—Cash
r
^
1942,
$70.16 per .share of cumu¬
accumulated
respective
(& Subs.)—Earnings—
oper.—
credits—
Other income
.
.
1942
6 Mos. End, June 30—
Net
•
472,982
781.
$6 dividend series,
and
share
Accruals
not therefore
■■
p.
by
of corporation for the six months ended June 30,
report
per
67,177
1942 is so uncertain that a reliable
being made in excess of the pre¬
liable in
made.
156, p. 604.
156,
500,000
$25,919,555
^Represented
amortization.
fLess
depreciation.
lative stock,
$461,152
160,641
——
of the 1942 Revenue Act the amount of
profits taxes. for which the company and
enactment
and
stock-.—
common
$673,638
$50,617
$54,586
—
on
8,712,966
—
shares.—V.
par
The
55,520
23,087
5,694
130
—
-
3,899,658
8,488,037
3,899,658
r.—.———
shows net assets at that date equivalent to
Amort, of debt expense-
Note—Pending
—:
—
General Investment Corp.—Semi-Annual Report—
139,044
equip.
455,501
500,000
reserve
'.ITotal;;$27,453,641
$664,245
■
1,277,948
income taxes—————-—794,408
Earned
Houston
Electric Co.
—————
surplus
»
Int.
'
Equitable Investment Corp. of Mass.—Earnings—
Net
$5,000,000
—-
capital reserveAccounts payable and accrued liabilities—
Insurance
354,532
;
....
V
profits taxes.—V. 156, p. 693.
''l'
Special
$1,018,778
$90,794
.
($100 par)—.„—_
ICommon
135
77,267
$27,453,641 $25,919,555
————
.
preference stock
Federal
-r..
;
.
144,872
172,449
■
———
Total
$1,018,642
Dr 1,734
17,391,512
1,961,627
536,626
$1,211,782
121
—-
receivable':'^J—' 2;67T,462
,1———2,001,385
U. S. Government securities———50.000
565,324
,
$101,550
Depreciation
Gross
$90,674
Dr232
net
Dividends declared
1941
1942
Total
income
Oper.
Other
Net
(Company Only)
31
12 Months Ended July
Earnings,
-
945,800
...
673,365
!
$2,226,283
328,075
1
46,259
$2,250,831
231,057
"
1
—
$0.31
.
1941
———-
Capital
company).
•
47,236
.»
»
..
30
1942
Cash
$4,072,644
1,952,051
2,495,173
63,317
179,780
50,892
u—
$0.84
.*
.175,000
472,982
\
Accounts
7%
$5,326,120
245,559
Operation
$368,582
,
June
etc.——
$323,357
Mortgages receivable
——Inventories1' ''i_——19,993,189
1942—12 Mos.—1941
$537,828
Sheet,
—
(& Subs.)—Earnings—
1942—Month—1941
July 31—
$0.88
J
Balance
" "V
•
.
the
for
allowing
$0.82
.
.■
Goodwill, patents, etc.—
payable,
revenues-
' 59,169
.
$574,068
175,000:
236,491
175,000
236,491
'
equipment,
tCigar machinery
accounts & dividends re¬
general market securities, at.
$24,922;
Galveston-Houston Co.
tApplicable to Engineers Public Service Co.
subsidiaries,
175,000
236,491
—
stk. (no par)
com.
•Real
accrued expenses and taxes, $28,264;
dividend on preferred stock payable- July 15, 1942, $153,228; accrued
interest on debentures outstanding, $66,667; reserve for contingencies,
$25,701; debentures assumed by the corporation, $3,200,000;
capital
stock,
$683,433;
surplus,
$9,979,801;
unrealized
depreciation
(net),
$2,348,167; total, $11,788,926.—V. 156, p. 252.
i
v
v7
Taxes
$264,188
115,020 /
$593,580
.
„
$11,032;
delivered,
accrued,
Liabilities—Accounts
Maintenance
$1,786,321
-.1,262,372
> > 200,013
>
59,748
$459,048
"
47,940
$565,428
Consolidated
$553,601;
hand,
on
/
sh. on 472,982
1942
quotations, $3,623,151; investments in securities of subsidiary
companies, $4,697,631; investment in security of associated company,
$2,878,588; total, $11,788,926.
1 . 1
Operating
Balance
39,683
.—:
Common
market
$4,721,356
2,275,490
$3,644,676
2,256,084
Pub. Serv. Co.—
Co._——
pfd. stock of Eng. Pub. Serv.
on
$545,640
$525,745
c
—-—-
Earn, per
$48,231
389,667
\
of security transactions.
results
to
Preferred
.
$58,028
371,301
$81,038
159,610
$74,899
—
dividends
Assets—Cash
for
;>
1939
•
.
1,901
2,176
2,182
2,154
i
Liabilities—
Bal. applic, to stocks of Eng.
449,838
taxes—
•
Assets—
$4,769,727
1940,
1941
$2,447,922
$2,069,698
1,496,700
1,288,434
166,787
192,570
..>238,795 .''
129,646
deb.
paid
•Excess of income over
oper.
1 '
(& Subs.)—Earnings—
1942.
„—<
83,750
846
to
,
62,716
80,625
source-——
ceivable
of
18,642,63$.
463,469,286 658,589,766
——
$2,752,681
Expenses—1,633,258
Deprec. & amortization- i v 143.840
$211,452
_
taxes
&
i,i
$208,783
indebt
refunded
holders
i
„
$212,445
debentures-
on
bank
on
Gross
414
..i,.»m.Mi
•Without
pfd. divs. of a sub. co. not earned——
Bal.
—
to General Motors Corp;, are subordinate to all
General Motors Acceptance Corp.—V. 155, p. 1511.
6 Mos. End. June 30—
19,217
.
$200,741
'
^
—^
sold
notes,
General Cigar Co., Inc.
117,937
1,672
income-
$4,769,727
$3,760,851
—_
——
——————
other obligations of
Corp.-
stocks
on
corporations
Total
938,480
—
——-
par)———
——————
25,878,780
114,756,757
8,796,936
25,000,000
50,000,000
11,250,000
,8,750,009
$73,885
stocks of
on
Balance
fBalance
57,349,350
8,811,656
,
——
1943
50,000,000:
11,250,000
Earned surplus —" 8,750,000
Undivided profits
20,671,407
Paid-in
Total
1940
Reinsur.
Gen.
Preferred
$4,699,331
!—C
notes due June 1,
Capital stock
&: sub, cos.:.
assoc.
....
25,568
t Earnings of a subsidiary companyik-—— ——
f 17,876,537
—-
'
1941
1942'
$4,795,295
21,392
—.——<___
—_—
applicable to minority interests
11,973,770
———'
taxes
reserve-^——D—
June SO
six months ended
for
Earnings
568,480
4,813,779
-
other
Contingencies and other reserves-—
Net income
Amount
938,863
1"—471,294
2,339,631
•
189,999
Corp.——_—
repossession loss
Long-term debt
per
367,243,119
17,488,202
1,426,560
3,974,522
Corp/arid affil: cos.—1-'
Insurance
income and
Dealers'
*
payable--——•7—'——— 272,846,776
accrued
Federal
stock
accumulated
-
Taxes
Balance
to General Motors
$3,737.23 per $1,000 debenture, and $42.59 per preferred
Comparable iigures for June- 30,
1941, were $4,121.73 per
face value of debentures, and $49.14 per preferred share.1;
$1,000
$6,333,925
pfd. stks. decl.
on
Due
•'
•'
■
Notes and
were
,7,468,934
$649,768
Balance
Divs.
7,221,445
617,274
Liabilities—
An
•
cents per
>
11
the
preferred
$1,418,369 $16,294,896 $16,664,044
$1,242,357
amortization
&
11.
Aug.
corporation for the six months ended June 30,
1942, shows net assets as of that date equivalent to $3,598.45 per
$1,000 face value of assumed debentures and $40.69 per share of
report
Miscellaneous
Interest
record
April 16, last.
on
1941, paid a dividend of
ended Dec. 31, 1940.—V. 156, p. 428.
Other accounts payable--—__r_
$1,413,092 $16,486,467 $16,750,642
$1,267,794
revenues
oper.
holders- of
paid
was
22,
Sept.
Equity Corp.—Semi-Annual Report—
Cash
Net
Other income
cents
5.4
on
share for the year
share
Service
Engineers Public
of
company
to
shares
(registered)
dividend
•
evidenced
be
will
borrowings
company's
for
interim
**...
•
by notes which will
mature not more than
one
year from
the date of issue.
The War
Department will guarantee this financing to the extent of agreeing
to purchase 90% of the loams from the banks upon request.
Although counsel for the company believes the proposed financing is
legal and does not require the consent of the preferred stockholders,
counsel
for certain of
the banks have asked
that the consent of
holders of 75% of the preferred stock be obtained.—V. 155, p. 2456.
'The
Monday, September 14,1942
& FINANCIAL CHRONICLE
THE COMMERCIAL
958
investment
securities
$52,891;
of
and
receivable
market
at
associated
total,
i,'*-
;
\
30
$273,913; dividends
market securities,
in
amount,
asset
Sheet, June
$25,622
interest
quotations,
net
at
company,
$2,067,418.
>
Liabilities—Account
<.
$888;
payable for securities purchased—not received,
payable, accrued expenses and taxes, $7,734; reserve
accounts
for contingencies,
$4,288
Undistributed
sales
on
income
at
Dec.
securities
of
of net loss
exclu.
1941,
31,
Shares
1,347
—
—
Surplus
$5,635
paid
dividends
Cash
Undistributed
income
June
1942i
30,
3,478
——
;
securities—
sales of
•Net loss from
——
——
deducting
16,751
in
annual
reports
209,250
209,250
$3.08
$2.52
$2.39
exchange
Canadian
at June 30, -1942
•Gains
and
losses
1938
to
are
determined
the
on
Consolidated
$14,595
—..—————
sales
on
basis
of
cost
of
$1.74
tAffcefc
included
were
in
Balance
Sheet,
1941.
June
particular certificates sold, where identification is possible, which re¬
applying the cost of the earliest purchases to the first sales.
sulted in
Note—No
Income
provision
since
determined
operations
made
been
has
1942
for
Federal
taxes
liability for such taxes, if any, cannot now
may be less than an estimated tax of $75 based
the
and
for
months ended June 30,
the six
Cash
on
Assets—Investments
for
sale
cost
June
30,
of
(aggregate
of the
shares
company,
of
•Land,
.
quoted
$2,615;
dividends
buildings,
20>883
-
—
bonds..
Canada
advances
Deferred charges
1942
market value $145,cash in bank, demand deposits, $5,155; aecount receiv¬
644), $222,198;
able
at
Sheet
Dominion
Expense
2,059,775
22,360
—
—
-
of insurance—-
value
*
$956,549
2,620,694
1
Inventories
;
"
308,886
„
»
3,681
241,166
.
3,036,141
-f •
1
—;
—
—„
2,776,899
$8,672,235
Trademarks, etc,
etc—
8,919
,
2,391
—
——
equipment,
874,320
26,937
——
—,
—
1941
.
$1,577,310
1,077,515
———
be
under the Internal Revenue Code then in effect.
Balance
1942
Cash
$6,942,192
I
.
•
.
$230,510.
payable
stock ($5 pari, $39,385;
total, $230,510.—V.
and
accrued
paid-in surplus, $205,059;
155,
p.
$661;
capital
total deficit, $14,595;
expenses,
Tax
Bales
—V.
Aug. 31—
1942—Month—1941
$465,710
$519,514
—„—
tCommon
1942—8 Mos.—1941
$3,497,140
$3,036,936
156, p. 513.
>
This
new
of
America,
period End. Sept. 5—
1942—4 Wks.—1941
Bales
$3,078,945
is
It
announced
that
there
are
Higher-
•Less
1942—36 Wks.—1941
$2,582,060 $28,342,074 $22,734,045
76
stores
now
in
operation
in
1941.
4,715
The directors
the
this
year,
Sept. 2 declared a dividend of 70 cents per share
stock, payable Sept. 30 to holders of record Sept. 15.
with 35 cents per share paid on March 31 and June 30,
on
and on Dec. 31, 1941, while on Sept. 30, last year,"a special
a quarterly of 35 cents were paid.—V. 156, p. 694.
of 35 cents and
J Ford Mptor Co., Ltd., England—Final Dividend—
On
Sept, (ll
year
ended
a
final: dividend
Dec.
31,
1941.
of 5.3
on
the
cents
per
share
was
American, depositary
213,965
Department,
4,648,081
Dr4,7I5
213,965
p. 1275.
153,
$6,942,192.
"
Acceptance Corp.—Consolidated Bal¬
Sheet June 30—
.
paid
f
.
■
1942
..
.
$
—
and
Accounts
bills
-
by
are
said
Motors
previous
by
than 250 banks, including all of the nation's
expected to participate.
.
all
that
of
a
loan, which
the essential
details for the
credit
few minor considerations remaining
Federal
will
obtained
credit
war
the
Reserve
major contractor
as
of
commercial-
the
I
be
by
ten
greater
American
an
Bank
times
of
New
than
firm,
York.
with General Motors for
the
will
The
war
be
War
mate¬
,
The interest rate for the loan has been established at
2'/2%.
The
maturity remains unsettled, with the corporation seeking the full fiveyear maturity authorized by Regulation V and representatives of the
banks favoring three years.
The negotiators are reported to be dis¬
cussing a compromise.-
The guaranty arrangement will include a sliding scale as
provided,
by the regulation, with the Federal Reserve Bank of New York stand-'
ing behind 90% of the total if the full amount of the credit is used
>
One cf
the unsettled conditions of the loan, it is
understood, is the
to be charged by the Federal Reserve Bank on the
guar-'
portion of the credit,
commission
anteed
receivable, net
5,230,365
discount
Other deferred
(notes
charges
—
.
1,174,721
'519,660
payable)-
5,604,502
1,005,721
—_
—
47,670,148
413,718,638 601,764,489
3,281,382
1,582,966
receivable
Investments
$
39,558,428
—
614,861
155,092
178,079
for
receipts
underwritten
'
Assets—
Cash
Notes
1941
be
rials, will back the. guarantee.
1
Prepaid
>
guaranteed
$8,672,235
Company autos and office equip., less deprec.—
the
350,000
5,309,651
—
will
More
sources
General
largest
$2,954,628 hi 1942 and $2,737,098
rio par shares.
fRepresented by
Corp.—70-Cent Common Dividend—
common
This compares
by
shares.—V.
General Motors
ance
on
fRepresented
no par
The
1,040
com¬
pared with 73 for last year.—V. 156, p. 781.
Food Machinery
—-
depreciation of
loan
be settled before .the loan is established.
jDr4,715
for
reserve
the
to speed the flow
-divisions and plants.
agreed upon, with only
315,000
———————j.
Total
Food Fair Stores, Inc.—Sales Contiilue
have been
will be put to work
many
record-breaking
leading institutions,
to
money
from- its
materials
925,690
stock
Chicago
work,
$1,000,000,000 of
war
213,965
Surplus
special
a
fiscal agents for Government war agencies in
financing war-produc¬
loans on a guaranteed basis.
-■
^
•
!
■
1 • '
General Motors now converted nearly 100% to war
620
1945^—l.
in
"'=
With
2,190,059
——;
stock
^Treasury
390,315
called—
—
5-year bank loan, due May 31,
(M. H.) Fishman Co., Inc.—August Sales—
"»■ Period End.
notes
reserve
$417,816
563,907
Convertible
2456.
$83,748
—
———
——
stated
tion
>'
Informed
Accounts payable
10
,
-
as
Liabilities—
Liabilities—Accounts
Sept.
virtually, have been completed for the largest bank,
credit ever granted to a private corporation, a
$1,000,000,000 loan to
General. Motors Corp., it was learned authoritatively.
The loan will be negotiated under Regulation V,
recently established
by Presidential decree, which authorizes Federal Reserve banks to act
'
total,
$542;
of
,
Negotiations
banks
Total
receivable,
"Herald-Tribune"
despatch:
•/
on
1942 and as computed
General Motors Corp.- -May Get Credit of $1,000,000,The
30
'; Assets—
Receivables
($1
000—
" >
1
1
stock
reports
charges.'
income
Hncludes provision for United States and Canadian excess profits taxes
amounting to $1,044,795 in -1942 and $431,390 m
Deficit
209,250
$21,607.
sales which, in prior semi-annual
on
prior
adjustment,
par
no
common
deducting cash discounts
$2,157
—r„—
1*.
_
•After
$5,363;, cumulative preferred stock, $6 dividend'series
shares), $1,463,250; class A stock ($1 par). $100,000;
par), $950,229; surplus, $2,517,341; unrealized de¬
preciation
(net)
of
general market securities
owned, Dr$l,416.l82;
excess of cost of investment in Utility
Equities Corp. over amount car¬
ried herein, £>rl,201,203; total, $2,067,418.—V. 156, p. 604.
,
;
(29,265
The
of
Reserve
'/2 of 1%
banks desire
A
a
Bank
year
to
pay
compromise
which
would
their money
give
of
is
said
to
have
asked
the maximum
commission
allowed under the regulation, while the commercial
only Va of 1%. '
■
,
about
two-fifths
commercial
and 2%%
banks
of
a
1%
return
commission
of
2
1-10%
is
indicated
90%
on
unused
any
Tptai—tt--
—_
463,469,286 658,589,766
of
the remaining 10%.
.One other aspect of the credit remains to be adjusted, the fee
to be
paid by General Metiers to the banks for the stand-by agreement.
The'
banks are understood 'to be'demanding half of 1%
on
on
credit.
'
*'
Volume
Number 4107
156
"THE COMMERCIAL & FINANCIAL CHRONICLE
Under the terms of
.
this
-of
Regulation V General Motors will be protected in
against a sudden cancellation of its war contracts as a result
loan
the
end
of
hostilities.
,
Federal
Reserve
than
more
firm
will
25%
get
of
borrower's
a
moratorium
a
total of $77,300 of
15-year sinking fund 4% debentures dated
April 1, 1935, has been called for redemption through operation of the
sinking fund as of Oct. 1, 1942, at par and interest. Payment will be
,
the
made
Bank,
as
guarantor of
the
loan, ,wiil assume the
•:
.interest-payments.
The
■
of
the
1940
settle for $4,000,000
corporation
became
(Lei bell signed
In
his
order
^stockholders of the
In
trying the
began in
when
4
'
Judge
Leibell
5
'
.
Federal
the
as
Judge
date
for
Vincent
L.
hearing
a
the
corporation
to
notify
Bank
its
taken
the
on
made
was
dividend
•payable
on or before Sept.
12.
brought against ten executives of the corporation
Judge Leibell exonerated two former directors,
oh
action
no
The
.pany-owned
of
gain
a
$1
per
to
holders
share has been
of
record
also
the
on
declared
$7
Sept: 18—V.
the
a
gain
gain
for
the
(The)
.;
:i
.
compared
with
responding
The
a
gain
period
of
of
29,232
telephones
1941.
5.50%
or
/
.
.
have
now,
operation
600,838
it was further announced.—V. 156, p. 604.
telephones,
Georgia & Florida RR.—Earnings—
Ten
Period—
.
•
■
;
Operating revenues
; —V. 156, p'. 865.
$37,250
—
$47,284
<
cents
Sept.
the
on
18.
preferred
155,
stock,
•-
-
•
Domestic
and
Foreign
Subsidiary
'
sales
A
A
was
'
•
;•
•
last,
+
'
A
'
profits
19,408,719
24,796,422
21,716,479
685,684
602,104
25,482,106
■
Georgia Power Co.—Earnings—
Period End.
.Gross
July 31—
,
\
v
and
Divs.
r-
Total profits
Interest on funded
undist.
-
&
equity
wholly
i
Prov.
in
owned
Additional
for
revenue
$3,409,946
Operating expenses
ior-depreciation—
General
taxes
♦Federal
♦Fed.
income
excess
335,000
4.301,790
238,881
3,625,403
subs,
taxes-
278,020
189,500
taxes
298,752
7,700
prof,
Int.
$757,458
—
& other deductions
$757,479
320,217
dividend
East
loss
363,013
Profits
-
Net income
vDivs.
carried
't
i/'-.ySi''
6
•During
the
possible
(45%
taxes
Act
Income
1541
the
,2,676,064
$2,783,440
$2,330,439
first
Revenue
ended
been
rates
and
1942,
the
at
provisions
90%
Months Ended
surplus
on
on
of
1942
Federal
rates
the
income
prescribed
pending
profits
tax)
$1,422,508
than
more
$5,120,789
Capital
Goodrich
Co.
(&
•
A
,
dividend
from
than
at
provided
the
in
Subs.)—Earnings—
—
——
—.
—_
—
;
Interest
»
Miscellaneous
<
Prov.
and
for
Prov.
for
$19,743,823
at
and
foreign inc. and
excess
excess,
profits taxes
surplus
30
made
in
$43.50
at
for
hand,
on
and
surplus at Jan.
U.
S.'
in
stock
Common
dividends
Earned
Accounts
Drafts
41,863
per
•Includes
June
for
rubber
Foreign
bank
Accrued
U.
cancellation
of
prior
the House of Representatives
the
basis
Consolidated
'
of
10.698,302
U.
$15,929,582 $17,344,335
1,030,077
1,030,077
$1.59
Balance
reserve
S.
July 20,
on
/,
.
Act
Other
Raw
accts.
'
and
receiv.
notes
materials
receiv.
————.
1942
'
held
—
.
—
under U.
Gov.
receivables
cos.
19,797,195
5,077,763
in
unconsol.
•Capital assets
(at
1,799,882
2,979,338
Vr
Liabilities—
Bank
Bank
loan
2,504,542
155,509,079
——
152,020,125
foreign.—
603,260
liabilities—
for
Advances
Fed.
Inc.
under
;
and
U.
S.
excess
First
loans
Govt,
contracts,
bonds
mortgage
Reserves
for
for
contingencies
cumulative
fCommon
Earned
56,609
7,000,000
1,000,000
178,000
950,000
490,141
——„—
Stock
foreign subsidiary.
Total
•After
•
notes
(at
14,899,505
155,509,079
and
tAfter
1941.
156,
p.
781.
-
•
—
500,000
special
reserves
deducting
of
$48,650,233
$10.014 800
U.
S.
1942;
in
Treasurv
New
tax
38,000,000
38,500,000
2,000,000
—
3,000,000
13,320,855
■
;
.
,
-
1942
V Mr.
the
at
90%
of
1942
aggregating
in
excess
the
62,615,400
63,932,100
10,997,523
10,997,523
19,345,797
19,015,692
36,767,758
30,684,694
.
1942—Month—1941
$1,070,008
1940
1939
$4,909,904
8,807,420
■
$4,169,083
4,796,390
'
1942—12 Mos.—1941
as
4,098,971
658,136
3,530,167
45,650
133,450
129,533
1,580,773
1,516,768
192,754
^
131,585
2,113,712
1,191,439
Gellert
An
* 1
$2)3,726
$113,515
98,029
99,970
1,154,739
1,045,156
$252,999
$2,793,911
$3,260,756
net—.
Dr4,271
:
4,536
Z)r50,158
16,869
$210,629
/
$257,535
$2,743,754
$3,277,625
104,643
103,398
1,235,300
1,260,302
$105,987
$154,137
$1,508,454
$2,017,324
.
—
,
for
for
584,968
584,968
$923,486
$1,432,356
—
and
1942'Federal
based
are
under
is being
the
surplus.
income
the
upon
approximately
required
proposed
(normal
1941
$645,000
1942
and
surtax)
Revenue
for
Act
additional
Revenue
30,851
18,085
above
for
profits
excess
Federal
taxes
$131,600
$117,241
61,410
70,062
77,973
76,262
t3,236
15,933
•56,492
$118,023
profits tax.
$50,390
been
Operating
Income
of
restated
to
156,
give
on
and
$415,828
effect
to
the
Revenue
for
for
the
12
Act
enacted
in
1942
General
1941
$181,845
—:
99,161
———_
.
—
—
/
6,983
7,940
12,603
10,652
3,364
————_■
taxes
2,757
$45,498
$48,992
:
State
income
^
$169,501
113,396
,
revenues
Maintenance
Utility
Other
income
oper.
income—net
Gross
income
Retirei.-.ent
Gross
taxes.———
before
before
„
res.
accru.
—.x—2,861
retire,
accruals
reserve
3,745
$42,638
accruals.——;—j—
$45,247
14,400
14,400
$28,238
$30,847
—...—13,300
13,751
—1.
—.———.....
bonds
on
income
retire,
loss.
reserve
income
Interest
Other
...
charges
1,144
income
Net
Dividends
—V.
on
——1
1/74
$13,794
$16,021
16,000
14,000
1942
$2,126,362
$2,101,969
1,047,140
1,056,464
.......
stock
common
...
/
156, p. 2184.
Hackcnsack
•Gross
Net
"
,
Water
operating
after
Interest
$35,046
tSpecial charges only.
each
company has
deposited
will
The
include" provision
taxes
$1,301,654
605.
p.
Operation
Net
•
Co.—Earnings—
30-p
revenues
———.v.!—
expenses..—
charges
(net)
—.
:
...
'
——
per
•Includes
45%
155,
will
with
amount
the
to
bring to $625
company
as
has
159,819
145,000
$347,087
......
$488,027
share
common
non-operating
for
$0.96
revenues.
for Federal
normal
and
surtaxes
and
90%
has been
for
$1.42
.*'•"•
,
income taxes
made
excess
♦
• •
at
the
rate
profits taxes.—
1836.
p.
Hartford Electric Light Co.—Debentures Called—
total of $70,000
of 5%<
first
lien
col¬
approved by the executive
the
called
sinking
for
National
Hartford
Conn.—V.
of 30-year 3%
redemption
fund,
at
101
Bank
&
of
as
and
debentures dated April
Oct.
interest.
Trust
Co.,
1,
1942,
Payment
through
will be
1,
1937, has
operation
made
trustee, 777 Main St.,
at
of
the
Hartford,
156, p. 865.
^
reported Sept. 3.
sold
approved
Bank
about
the
aggregate of $1,582,500 in
plan for dissolution,
263,618
1942—8 Mos.—1941
$1,000
been
264,024
272,000
income
V.
1941!
164,029
—...
tax
Earnings
for 1942 at rate of 45%,—V. 156,
1942—Month—1941
trustee,
may
additional
July 31, 1942 and 1941, respectively.
For comparative
Federal income and excess profits taxes for each month of
Retirements
$254,490
additional $50
that it
added
This
Act.
Hagerstown Gas Co.—Earnings—
A
be
excess
an
which
ended
12 Mos. End. June 30—
13,426
$244,577
129,042)
the
and
plus
taxes
spread monthly upon the basis of taxable income.
shown
have
1941
stock
common
$103,813
•210,000)
excess
sald -the
578,207
$214,900
\
amort.—
of
purposes
$11,441,933 $10,069,502 $86,533,258 $70,609,385
bond
added
$11,122,494
354,075
taxes—
—
estimated
4,065,270
$654,943
tax.
to
1941
period.
'. •
/'
$631,913
,
-
of
the
213,284,713
23,030
:.a_
_
an
require
the
at
in
$1,013,812 $12,400,242
applicable
6f
for
Bill
62,4b2
—
taxes
amounts
'
1941
$9,021,146
8,134,438)
.......
for
than
provided
the
House
would
tax)
more
was
in
$42,899
pending
profits
$87,960
than
more
prescribed
rates
provisions
prescribed
and
revenues—
-•Accrual's
profits
provision
1,711,270
.
1
payment,
>a
accrued
$45,061
———„
Balance
7,402,891
'■
,———
$1,000 bond.
under
been
rates
6,765/75
7,393,747
shares)—..
par
income.—
trust bonds
He
67,014
$230,922
368,412
September," 1941.—V.
5,224,897
gen.
—
York,
said..
66,299
$292,506
Preferred dividend requirements.
months
6,843,560
A.
ser.
committee, N. Henry Gellert, President,
cost).
11,314,296 shares-at $102,378,308, Jess 11,041 shares
in
treasury at cost/$554,470, and intangible' capital assets, namely
goodwill patents;, and trade-marks carried in the books at $57,798,001.
—V.
71,875
:
Great Lakes Utilities Co.—To Make Bond
Payment—
The
5,584
$15,683
——
and
amount
p. 605.
Payment
230,900
$297,936
additional
July 31—
income,
Interest
been
.
182,363
$358,805
:
Note—Provision
—
19,046
$21,268
months
or
taxes
1,357,355
Steel Co.—Earnings—
Period Ended Aug. 31—
152,020,125
shs.)
7
rates
oper.
be
496,961)
provision
—V. 156,
have
The
revenues——
Balance
352.
Sales
15,988,444
par
1
depreciation
Other
6,479,480
'
profit
48,800
$528,836
5,513
surtax
first
Act
•Federal.income
of
44,025 837
no
—
$48,214,587. in
,
bonds,
$9,263,312
inc.
140,443
$541,167
14,141
plus
and
Depreciation
Federal
lateral
,
no
exp.__——
Fed.
5,700
$40,313
Gulf States Utilities Co.—Earnings—
5,424,220
(W. T.) Grant Co. (Del.)—August Sales Up 13.63%—
3,863
—_
p.
24,721,8~0
—
—
surplus
4,622
24.721,860
——^44,025,837
a
(412,031
Act
Period Ended
805,142
24,165,000
38,273
1, 1943,
—_——.
pfd. stock
for
•No
14,400,000
28,279,000
—
due Jan.
the
2,766,541
500,000
Note—Federal income tax provision
7,857,143
taxes
156, p. 605.
10,357,454
preferred stock—.
charges
16,509
deducts.
increases.
income
116,431,457
—J—
—
,to Stock
52,787
reserves
Minority stock Interest in
$5
1956_
sub.,
(45%
8,937,621
1,730,940
sales, sell.,
admin.
Net
5,920,130
538,344
due
pensions—
Miscellaneous
11,738,423
—
(2,059,168
Special charges
ex¬
——-——
Mtge. gold bonds of for.
Reserves
less
(contra)—
profits
Other
77,490,927
1
■;
1
l.
......
trust 3.%%
conv.
ex-
$23,191
754,817
year
stocks
(net)
Prov.
1,081,411
$42,844
Period End. June
976.113
$2,173,424
1,320,074
taxes
Revenue
possible
697,526
4,604,902
———3,065,026
profits taxes—— 110,230,796
penditures not yet reimbursed
Bank
1941
1,999,480
.
213,284,713
accounts..:....—_—i___
Total, income
10,952/48
2,564 578
and foreign bank loans
payable
1942—12 Mos.—1941
$2,603,488
Note—During the 7 months ended July 31, 1942, Federal income and
excess
Net
1,510,367
stocks
stock
Fed.
81,163,069
13,320,855
reserve—
Operating income
1,200 000
12,586,055
Drafts payable to banks
Prov.
88,389,382
deducting
Interest
1,428,571
—
Accrued
43,399,879
'
(current)
loans,
8,476,540
40,542,513
48,848,589
3,318,253
,
Accounts
17,846,920
...
reserves
Miscellaneous
-.
transit.
Depreciation
1.584,909
49,901~394
1941
$28,704
Maintenance
$.'
239,128,511
of
&
3 427.394
subs. -(European)-.
w——————'
Total
totaled
•'
6 Mos. End. June 30—
Sales
52,787
2,356,983
——
1942,
1,
100,116
Operation
1.941
in
Cost
charges to future operations———
July
was
$188,160
preferred stock
on
30,262
Granite City
miscell.
—
cost)-
662
22,684,392
...
—
(contra)
at
of
payable
distribution
106,667
Balance
Operating
16,982,934
7,241,192
and
as
account
on
par $100,
Cr51,633
depreciation of $108,868,862 in 1942 and $112,240,1941.
tAfter deducting $6,736,854 U. S.
Treasury tax notes.
^Represented by 626,154 and 639,321 no par shares in 1942 and 1941,
respectively.—V. 156, p. 605.
1,322,740
contracts
(less reserves).
Investments
Deferred
deposits
(net)
subsidiaries..^——..
1943-1944—1 Vt%
cumulative
•After
1,922,166
—
S.
time
Total
1941
26,261,145
Investments, advances to other
declared
similar
A
1942—Month
taxes
other
Federal and
36,578 017
___——
been
19.
$220,839
income
during
..1942
—
28,306,928
—
151.
p,
2279.
p.
income
Divs.
—V.
Sheet, June 30
Capital surplus
'Earned surplus'—JI--••
sundry adv.
and
f$5
.
reserve)
In
process—-l———
Finished goods 1———_
Cash
notes
Common
$
(less
has
Sept.
-
66,146
contingency
Common
10,029.597
Goods
Supplies
East
in
Government
Preferred
as
14,551,154
Trade accounts and notes
War
required,
Revenue
1942.
/..•
154,
Arrearages
155,
July 31—
for
Revenue
Statement
taxes.—/.l—
foreign taxes—/.il——
Miscellaneous
Sheet, June 30
•'
Assets—
quarters.
expenses..
and
Net
accounts———6,843,560
mortgage & coll.
Serial
$4.31
longer
no
proposed
:
•
and
Bonds payable within one
$14,899,505 $15,988,444
the
share
per
record
1941
period———_ $36,767,758 $30,684,694
Surplus
Int.
•2,398,013
interest...
years'
passed by
\
;/v
.
Cap. stock of subs, not held by co. (book val.):
tEstimated
40 cents.—V.
cumulative preferred stock,
of
share.—V.
profits
Gross
t2,055,827
overdrafts
$6,646,033
.
$614,496.
on
of
S.
$3,103,087
—
qoii-
$2.23
dividends
325,814
30
cents
the 6%
revenues————
cess
6,196,756
1,569,635
market whichever is lower
or
■'•
Accrued
share—,——
common
the
on
4.0,000
1,542,191
payable and customers advance payms.
Accrued
paid
surplus at
Earnings
75
on
previous
Balance
91,600
-.i'—
declared
132,875
—
1.009,000
paid——.
been
191,502
239,128,511
922,287
12,826,495
dividends
stock
has
190,999
6,196,756
Prepaid insurance and other expenses——.—
1st
Preferred
share
per
8,600
investments
1,271,722
•Land, buildings, machinery and equip., at ccst
69,403,191
Goodwill, patents and trade-marks...;
1
391,000
—
■
18,936
Crl41,542
Far
1,000,000
Total
cents
Prov. for Fed. inc. taxes
$39,879,584 $35,138,534
—
Miscellaneous
4,650,000
—u.——
,
3,500,000
4,123,961
.
1—
,
receivable
Government
Investments
$13,351,183
113,677,000
1
/
.
.
I preferred
stock, no par value, payable Oct. 1 to
Sept. 15.
A distribution of 85 cents per share was
1,
last.
Payments during
1941
were
as
follows:
holders
to
per
Gross
beginning of period........ $19,204,255 $18,964,059
notes
i
Profit carried to surplus
Earned
end
demand
taxes_
contingencies——
■■
206,388
~$
Accrued
.Provision
:
:,
A
1941.
Gulf Power Co.—
•Earnings—
$28,941,778
adjustments
'
profits
15.
April 1,
April 1,
17,597
$35,755,623
stock—
Capital
Inventories at cost
728,506
income
on
on
17,133
^42
preferred stock
conv.
Assets—
1,
%
844,230
charges
1941, and 50 cents
preferred
Sept.
issue
3,325,434
.
$18,094,898 $12,922,802
01,648,925
428,381
amortization—
Fed.
the
on
record
this
210,417
$1.24
period..—.
—
.
income
30—
beginning of
common
Liabilities—
Total
of
on
15,833
4,123,961
"V,.-v./
the
194l;
1942
operations-
declared
holders
made
18,750
„1
Consolidated Balance
—
Profit
been
to
was
Oct. 1,
on
and Oct. 1,
of
accumulations
>;/
transp. and excise tax deduct.$103,283,542 $98,035,039
Cost of goods sold
69,826,386
66,440,153
Selling, general and administrative expenses—
13,474,939
16,763,904
Provision for
depreciation——1,837,319
1,878,200
Income credits
$5
require
Net sales, discts.,
r
June
at
surplus
Accounts
(B. F.)
1
Guilford Realty Co.—Accumulated Dividend—
Capital surplus at end of period.-—— $19,345,797 $19,015,692
:•>*
6 Months Ended June 30—
'
"j
for depreciation-_
for
bill
Cash
••
surplus.
share
'i"."1,'
;
the
in
-
*
K>iV'"
for gen.
tIncluding dividend paid Sept. 15, 1941, of $513,970.
,
Capital
House
would
more
was
342.
p.
Prov.
•Including for third quarter dividends paid Sept. 15, 1941, of $799,151.
and
aggregating. $669,157
in
excess
$753,351
or
31,
prescribed
months
rates,
605.
p.
accrued
additional
The
seven
Act
July
paid
Prov.
Consolidated Earned Surplus Statement
Dividends
1,790,349
$214,078
surtax
and
period.—V. 156.
:
have
plus
increases.'
during
223,005
months
seven
excess profits
1941 Revenue
,
$5,459,504
223,005
Balance
earned
fTotar..^——
$10,959,210
v, 5,838,422
$437,083
stock.—
was
8,158,403
10,000,000
Profits per consolid. profit and loss statement..
$437,241
pref.
to
common
Earned
$214,236
on
of
par\ value,
1,500,000
prof, taxes—United States
contingencies——
per
Earned
I
40
April
on
Operating
6,751,247
3,158,766
3,812,738
*
of
Period Ended
366,591
Far
3,795,000
$9,272,242
320,396
v
no
amount
2,008,724
Dividends
Gross income
,
,
account
on
stock,
like
A
...
series
not
..
for
& exc.
for
Earnings
2,870,1332,168,354
1,985,148
%
53,600
—308,747
.
;
1942—12 Mos.—1941
$2,872,351 $39,582,470 $35,941,536
1,293,791
17,527,754
15,806,606
1,392,719
374,250
.Prov.
156,
nas
Oct.
share
per
;
record
774,974
debt./—
of
earns,
.
provision
inc.
miscellaneous
Foreign
"
1942—Month—1941
--
share
per
payable
cents
■
•
cumulative
22,318,583
731,583
income
declared
15.
151.
p.
•
Sept.
Operating
50
April 1, 85 cencs,
5,253.729
16,530,486
expense™,
cents
value,
of
made
$
of
Other
40
holders, of
$
general
been
preferred
record Sept.
Guardian Rail Shares Investment
Trust—40-Cent Div.
105,552,119
cor¬
of
par
154,
■<.
'
152,931,046
and
has
cumulative
share.—V.
per
against 40 cents
as
—V.
1941
-■
no
distribution
;
179,755,599
administrative
share
per
$1.50
holders of
$6.57V2
dividend
stock,
Companies)
——
V
to
Provision
.'.
—A
Guardian Public Utilities Investment Trust—DiVidend
stock,
amount
1942
deducted)——
cents
the
to
disc., freight, allow,, excise taxes;
inter-company
Selling,
55
on
1; '-ta
quarterly dividend of $1.75
Oct, 1 to holders of
■
Ended June 30—
(ret.
/Provision
.
•
on April
1, last; on April 1 and Oct. 1, 1941;
oq April 1
1940, and on Oct: 2,•1939.
Arrearages as of April't; 1942,
Oct.' l,
amounted
payable
2184.
p.
of
1
this issue
on
and
1
class
like
A
dividend
payable Oct.
per
goods sold.—133,641,026
Depreciation provided
4,787,663
Jan'. 1 to Aug. 31 *
'-'1942
1941 $1,195,356 /
$968,714
1941
sales
Cost
com-
the
"
1942—7 Mos.—1941
$4,290,456 $31,597,775 $27,035,171
company-owned
.
Days Ended Aug. 31
1942
»
-
for
/
in
Months
&
for the month of August, 1942, as compared
telephones for the month of August, 1941.
The
eight months of 1942 totals 21,333 or 3.68'/* as
subsidiaries
pay¬
Goodyear Tire & Rubber Co.—Earnings—
(Including
,.
Net
3,145
first
distribution of 30
declared
usual
,
2,220
ordinarily
"A" Dividend—
.
of
1942—Month—1941
$4,933,043
514.
p.
accumulations
dividend
!
telephones
.with
subsidiaries
A
A
on
share
per
6
its
156,
and
1, last, as compared with 50 cents each on
July 1, Oct. 1 and Dec. 23, 1941.—V. 156, p, 253.
1
directors
record
General Telephone Corp,—Gain in Phones—
for
Fourth
July
on
appeal from the decision of April 10.—V; 156, p. 781.
reports
trustee,
this issue on Jan. 1, April 1 and
July 1, last, as compared
quarterly payments of 50 cents per share during 1941.
An extra
50 cents was also paid on Dec.
23, last year.
of
■
corporation
the
on
stock.
common
of
Oct.
disbursed
Woolley and John J. Schumann, Jr., and directed the eight
others to reimburse the corporation for
$4,348,044, plus interest charges
estimated at $2,000,000.
These were Albert Bradley, Donaldson Brown,
James D. Mooney, .Junius S. Morgan, Seward
Prosser, Alfred P. Sloan,
Jr., John Thomas Smith and George
Whitney.
The proposed
settlement; however, embraces all 34 principal officials
-of General Motors
during the period of the contest, and will obviate
The
Cincinnati,
Aug. 31—
....
—V,
*with
1936,
Clarence M.
an
of
Godchaux Sugars, Inc.—$1
on
A
directed
have
April 1, 1942, and
proposed settlement
case
which
Sept.
'
directors
share
the proceedings brought against
of payments of bonuses from
out
order setting Oct.
an
compromise.
the
arising
known
National
Cincinnati, Ohio.
able about Oct. 1
-
to
First
Sales
Glidden Co.—Omits Common Dividend—
1
An agreement to
the
Green Co., Inc.—August Sales—
Period End.
<
Guardian Investment Trust—Accumulated
Dividend—
Settled—Agreement to End Action
.Against Officials Shown in Court Order—Payment Is
<$4,000,000—
rofficials
at
Walnut Sts.,
Bonus Suit To Be
*1930
(H. L.)
A
un-
and
G. H. R. Foundry Co.—Debentures Called—
/y
' * ?•
,
The, regulation provides that if
)filled contracts .are canceled, the
{
about
payments
is
half
the
Manhattan
on
each
outstanding.
of
SEC.
its
The
properties
company
hps until next May 1 to complete its liquidation.—V. 155, p. 2366.
Hecker
Co.,
$80,000, Mr. Gellert
total
bonds
bv
of
P.
L.
Leonard
Hecker
Sales
for
Smith
O.
poration's
Products
has
Corp.—New
been
appointed
General
Manager—
Manager
of
the
cor- M.
flour and cereal division, it was announced last week by
Blumenschine, President. 'Mr. Smith has been with the
C.
organization
Manager.
many
General
for seven years, most recently as Acting General
Previously he had been with Pillsbury Flour Mills Co.
years.—V. 156, p. 782.
■'
receipts from sales—-
Net
Operating expense ———**_—
Taxes accrued—estimated
income
Other
:
——
—.
—
profit
operating
Net
:*—___
_L*
Depreciation
Depletion—on cost
1941
1912
Quarter—
second
308.443
120,646
Period End.
43,342
Note—This
dividend
of
$125,000
of
$250,000
of
portion
V.
not
is
dividend
1942
In
150,
Other
serve
Net
(Walter E.) Heller &
Int.
1940
1941
16,886
15,416
$46,668
$46,473
2.04c
hearing has been set for
application, it appears that cer¬
not been sold and are being held
stockholders. The hearing will be
Regional Office, Boston.—V. 139,
Corp.—Option Extended—
dated June 25, 1940, Hildick Products Corp.
(formerly Distilled Liquors Corp.) applied for, and the New York Curb
Excnange granted, authority to add to the list, among other shares,
25,000 additional shares ($2.50 par) capital stock, of which 17,000
shares were to be added to the list upon official notice of issuance
against exercise of an option granted to Francis E. Miller, President
of the corporation, at the following prices: 5,000 shares at $2.50 per
share, 10,000 shares at $4 per share, and 2,000 shares of $5.50 per
share.
This option was granted under an agreement entered into as
of December 31, 1939, as amended by a supplemental agreement entered
into on May 24, 1940, and was part of an employment contract with
Mr. Miller which was to expire by its terms on Aug. 31, 1942, unless
listing application
terminated
earlier
provided therein.
as
received notice that the corporation has
entered into a new agreement with Mr. Millet dated as of July 22,
1942,
whereby generally,
among other things, the corporation has
employed Mr. Miller as President for the period commencing Sept. 1,
1942, and ending Aug. 31', 1944, and has granted to him an unassignable
option to purchase 17,000 shares ($2.50 par) capital stock to Aug. 31,
1944, under the same conditions as provided in the previous agreement.
The corporation has applied for,
and the Exchange has extended
the
listing authority heretofore
in effect in respect of the 17,000
shares so that said shares may be added to the list upon official notice
of
issuance against exercise of the option provided for in the new
agreement dated as of July 22, 1942.—V. 154, p. 958.
has
Exchange
The
now
(& Subs.)—Earnings—
(Charles E.) Hires Co.
sales
1942
June 30—
9 Months Ended
——' $3,841,705
inch sell., adv. & delivery ;exp.*—
2,476,359
———
—
of sales,
214,399
general expense—w-s
Administrative and
Operating profit
$626,243
81,329
41,637
——ii*—
prov,
Federal
$1,232,27^
52,931
48,666
350,500
148,000
normal
Federal
excess
262,000
19,200
21,700
18,800
profits tax—*
——*—**
State income taxes,—„*_
—
Foreign income taxes,,——
,
T2~215
——
$539,195
$1.29
Prov,
charged
other
&
mfg.
to
classes
1942
exp.
2— —
share
1942 are
155,304
estimated at rates as contained in
of Representatives, as affecting
corporation.
Dividend—
30-Cent Extra
record
in
taxes
I
/:/"■
dividend of 30 cents per
on
the capital stock, par $1, payable Sept, 29 to holders of
Sept. 19.
An extra distribution of like amount was also made
The directors
The
share,
$1,747,857
The
29 of last year.
company also pays
bonds-
56,250
56,250
675,000
675,000
and deducts. *
2,243
8,701
66,753
108,158
mtge.
256
3,077
$69,846
$123,736
$1,009,181
Co.—Stock Sold—
shares of 6% cumulative convertible preferred stock (par
for subscription to common stockholders of record April
75,000
offered
156, p. 865.
has been sold.—V.
Power Co.—Earnings—
Houston Lighting &
Operating
Operating
$1,481,231
598,073
revenues
expenses
•
♦Federal
Other
373,882
taxes
taxes
66,293
—
108,333
Prop, retire, res., appro.
Net
Other
oper.
Gross
on
Other,
Net
—
mtge.
&
$4,183,096
19
2,874
15,791
$362,208
$3,589,788
$4,198,887
80,208
80,208
962,500
962,500
15,037
13,945
175,021
167,749
bonds****
deduct.**
$239,430 : $268,055
to preferred stocks
—
Dividends applicable
$3,586,914
$362,189
25
—
income
$1,296,480 $15,205,967 $13,634,874
515,163
6,175,362
5,497,122
206,866
3,183,320
1,966,740
67,049
788,166
796,482
145,213
1,472,205
1,191,434
$334,675
__
_
income
int.
$334,650
revenues
income
1942—12 Mos.—1941
1942—Month—1941
Period End. July 31—
414,342
,
$2,452,267
315,078
$3,068,638
315,078
Balance
•Includes
——
—
A———$2,137,189
$2,733,560
provisions for Federal taxes of $113,328 for the current
for the 12 months ended July 31, 1942, additional
month and $621,872
to
the
p.
amounts
required
under
the
Revenue
Act of
1941.—V.
$594,839
•
85,330
9,014
9,138
1,324
charges**
income
985
6,105
9,494
$281,632
88,714
91,800
$223,802
$18,411'
$29,627
'
requirements
paid (J. P. S., Ltd.)
30-Cent Dividend—
(W. B.) Jarvis Co.—To Pay
declared
have
directors
The
stock,
Oct.
payable
$1,
par
dividend of 30 cents per share on
a
26
June
12
the
holders of record Oct. 5.
to
with distributions of 37V2 cents each made on
and Oct. 1, 1941; none since.—V. 155, p. 2280.
This compares
Telephone Co.—Earnings—
March 14,
31—
revenues.—
income
$8,455,695
6,696,693
$7,656,022
6,769,183
$959,356
726,309
$975,693
835,824
;
:
•
Corp.—Accumulated Dividend—
v
payable Sept. 12 to holders of record Sept. 5. A similar distribu¬
tion was made on this issue on March 10 and on June 10, last, which
1942—12 Mos.—1941
1942—3 Mos.—1941
Period Ended June 30—
$2,778,722
1.88U06
161,565
$2,935,303
1,997,715
47,709
14,374
$689,395
$721,476
excess
profits tax
14,979
$679,588
460,068
139,171
7,187
oper,
Total
income-
$149,571
$171,496
net—*
195
304
1,067
1,211
$149,766
$171,800
$690,462
$722,687
$706,112
revenues
oper.
•Federal
•Fed.
Other
recently declared a dividend of $1.62 Vi per share on
account of accumulations on the 6Va% cumulative preferred stock, par
Earnings—
Co.-
Electric Power
Kansas
directors
with $3.25 per share paid on Dec. 26, 1941.
1942, totaled $71.25 per share,—V, 155, p.
compares
at
30,
June
Intercontinental Rubber Co.
Arrearages as
2185.
490,325
income,
income
Gross
51,238
taxes*
income
——
200,483
64,387
63,504
252,239
255,343
—
$85,380
$108,297
$438,223
$467,345
dividends—
33,062
33,052
132,250
166,774
$52,317 '
$75,234
$305,973
$300,571
deductions
Total
Selling, general and administrative expenses.—
61,426
California maintenance expenses—.——8,594
34,555
Profit
operations.—-
from
Profit
f
1
.
'
'
.r '
•*:
Balance
Earnings
Note—No
U. S.
excess
...
142,258
$149,909
176,546
$177,554
profits tax is estimated or
demand deposits
——
Accounts receivable, trade and other..——*—
Shrub and rubber on hand and in transit—*—
Materials and supplies at cost, less reserve
Proceeds of sale to U. S. Govt, of Calif prop¬
erties, patent rights, etc.—
——*
—
Cash
assets
•Fixed
——:—
—*—
Patents, trade names, etc.—
• —.—
1,139,718
1
59,755
*—
*
.*•*■;
*——
deposits, less reserves
less reserves**—
plantation, buildings,
equipment and other assets
*
—
Advances, claims and
Prepaid and deferred charges,
**_*———————a*
Total .*—*—L—
the
directors
common
Gas Corp.—25-Cent Common Div.-—
Sept. 5 declared a dividend of 25 cents per share
stock and the usual quarterly dividend of 87y2 cents
on
share on the 7% cumulative preferred stock, both payable Sept. 30
of record Sept. 18.
Like amounts were paid on March 31
30. last..
Payments on the common stock during 1941 were
follows:
March 1, June 30 and Sept. 30, 25 cents each, and Dec. 27,
cents.—V. 15G, p. 865.
per
holders
and June
146,241
Drafts payable
in
and rehabilit.
Contingent reserve for war losses
Capital stock (596,004 no par shares)
Capital surplus —
**—
*
—*
Earned surplus since Jan. 1, 1935.——
—
,_*_
—*
stock (172 no par shares)*—*—
Treasury
Total
East
for
reserves
334,799
after
Indies)
Note—There
15,670
279,599
2,980,020
1,003,313
177,554
Dr860
" $5,926,229
Dr860
reserve
are
included
in
the
foregoing balance
sheet amounts
Netherlands East
than contingent
1264.
Chemical Corp.—Initial Pay¬
the Common Shares—
International Minerals &
ment
on
on
on
initial dividend of 50 cents per share
and a regular quarterly dividend of $1 per share
the 4% cumulative preferred stock, par $100, both payable Sept. 30
holders of record Sept, 22;
.
. ,
directors have declared an
the common stock,
An
initial
quarterly dividend of $1 per share was paid on
June 30, last.—V. 156, p. 80.
the pre¬
ferred stock on
International Paper Co.—Warrants to
Other
stock
-
1942,
have
directors
amounted
declared
a
2279.
International Business Machines Corp.
Education
—
Director of
—V.
*
—,
Stock¬
above
N. Y.,
514.
Island Creek Coal
Month
(number
—V.
156,
696.
p.
Aug., 1942
of
tons)—
958,273
385,427
48,250
657,216
531,752
62,500
60,000
737,500
695,000
125
157
1,532
3,158
$177,483
$194,133
$2,126,145
$2,560,808
*
Net
revenues
oper.
Other
Gross income
Interest
on
Interest
on
Int.
247
112
2,554
8,477
$177,736
net
income,
$194,245
$2,128,699
$2,569,285
45,000
45,000
540,000
540.000
_
__*
mtge. bonds
bonds*
15,000
15,000
180,000
180,000
deducts.
19,210
18,474
229,938
230,118
chgd. to constr, Cr
7,273
55,070
363
$1,233,831
$1,619,530
Net
deb.
and
int.
July, 1942
Aug., 1941
585,434
617,620
630,133
520,784
l_
*****
*
520,784
$713,047
applicable to preferred stocks***;
Balance
$1,098,746
12 month.s
required under the
provision for Federal taxes of $135,965 for the
•Includes
ended
$115,771
$105,799
income*.**—
Dividends
31,
July
Revenue Act of
1942,
additional
to
amount
the
1941.
provisions for Federal and State taxes based
the statement above, reflect the effect of
The
forth
in
upon income set
extraordinary de¬
unamortized debt discount and
expense, call premiums on bonds retired and other related items result¬
ing from refinancing by the company in 1940.
If adjustments were
made to exclude the effect upon taxable income of such extraordinary
deductions (based upon the laws in effect at the end of the respec¬
tive periods) additional provisions of $206,000 and $506,000 for taxes
based upon
income would have been required for the years ending
July 31, 1941 and 1942, respectively.—V. 156, p. 80, 343.
*
ductions
,
tax
income
for
purposes
of
Kearny & Trecker Corp.—Army-Navy "E" Award—
co-operation was cited on Sept. 9 by Theodore
principal factor that enabled the company's
employees win the Army-Navy production award.
Presentation of the
Army-Navy "E" pennant, symbol of outstanding production achieve¬
ment, was made at the company's plants before an audience of 9,000.
Employee-employer
Trecker, President, as the
155,
2007.
p.
The stockholders'
of
$4,500,000 3V2%
indefinitely postponed.
See also V.
been
Kentucky Utilities Co.
$3,110,708
expenses****
taxes**
Operating
Federal
2,216,685
lieu of inc.
profits taxes
in
and exc.
Net
Divs.
of
Div.
and
6%
on
Ky.
on
6,745,229
403,464
249,842
377,453
$691,907
$3,117,959
$3,151,767
Dr580
1,280
Drl,063
$691,326
$3,119,239
$3,150,704
383,139
396,926
1,553,030
1,603,660
;
$284,249
$294,401
$1,566,148
$1,547,043
'
114,016
114,016
456,066
456,066
94,680
94,680
378,722
378,722
$75,552
$85,704
$731,360
$712,254
deducts.
income
8,681,851
1,058,113
Dr718
income—
int.
1,759,441
189,961
$667,387
net*****
income,
1942—12 Mos.—1941
$2,735,754 $13,107,765 $10,877,913
94,444
*
$668,106
Income***_
oper.
Gross
Net
225,917
income
Charges
(& Subs.)—Earnings-
revenues***
oper.
156, p. 696.
1942—3 Mos.—1941
Period Ended June 30—
Total
Postponed—
Aug. 27 to approve an Issue
debentures and $2,000,000 2%% serial notes has
meeting' scheduled for
—
pfd. stock
Util. Co.**—*
jr. pfd. stk.
7%
-
Balance
Co.—Production-
of—
mined
$6,716,343
2,540,203
'..49,815
limited-term
:
Stores, Inc.—Sales—
1942—Month—1941
1942—7 Mos.—1941
$3,087,303
$2,644,343 $19,230,190 $16,473,705
156, p. 866.
Coal
2,913,266
investments
Total
formerly President of Stockton Junior College,
ton, Calif., has been appointed director of education for the
corporation.
Mr. Orton will make his headquarters in Endicott,
where the company maintains a modern schoolhouse.—V. 156, p.
Sales
$7,303,932
223,782
77,368
57,122
expenses
of
Other
Appointed—
12 Mos.—194r
1942
$576,137
Kendall Co.—Stockholders' Meeting
Ltd.—Accumulated Dividend
to $30 per share.—V. 155, p.
Earnings—
Month—1941
1942
$655,044
280,440
revenues
appropriations
—V.
dividend of $1.75 :per share on
account of accumulations on the 7%
cumulative red. first preferred
stock, par $100, payable Oct. 1 to holders of record Sept. 15.
A like
amount was paid on this issue on Jan. 2, April 1 and July 1. last,
and on Jan. 2,
April 1, July 2 and Oct. 1, 1941, while on Dec. 29,
a
distribution! of $1.25 per share was made.
Arrearages as at July 2,
The
1838.
taxes
Amort,
purchase
International Power Co.,
p.
Property retirement res.
Expire—
warrants expire and become void at
the close of business on Sept. 26.
Accordingly, dealings in the war¬
rants on the New York Curb Exchange will cease at the close of busi¬
ness on Sept. 25.
Transactions in the warrants on Thursday, Sept. 24,
and Friday, Sept. 25, will be for "cash" only.—V. 156, p. 783.
common
enacted subsequent to the release
tsFederal taxes
$4,739,114
1942 and $2,160,575
territory (Sumatra, Netherlands
for depreciation of $1,170,848.
depreciation of $654,364 in
aggregating $2,392,035 for assets located in Sumatra,
Indies, and Mexico after deducting reserves, other
reserves for war losses and rehabilitation.—V. 154, p.
154,
the earnings for the 1941 periods
effect to the retroactive provisions of the
of those earnings
•
' 7
purposes
to give
Kansas Gas & Electric Co.
Operating
Operating
249,211
15,790
'*™ 279,599
2,980,020
1,992,434
in enemy-occupied
t Located
1941.
$76,390
135,771
*,A—•
Sundry reserves .i**—*——
in
$37,064
109,830
,——_*_'
including accruals——LA—
for U. S. and foreign taxes*—
—
Reserve
1941.—V.
Other
payable
Accounts
—
$4,739,114
r
''''
Liabilities—
1,288,389 :
$5,926,229
.
comparative
adjusted
been
Revenue Act of 1941
fLand and improvements,
Interstate Department
Houston Natural
30, 1942.
Note—For
have
2,963,687
1
82,592
21,443
,
$1,270,027
220,562
39,852
142,408
31, '41
$1,217,457
245,639
33,882
72,452
1,721,235
and
hand
on
the
on
.Period Ended July 31—
Sheet
June 30, '42 Dec.
Period Ended Aug. 31—
The
excess profits taxes in the 1942 periods have
basis of ,a 40% rate for income taxes, and a
schedule of rates ranging from 50% to 75%, in the various brackets,
for excess profits tax.
Should the Revenue Bill of 1942, as passed by
the House of Representatives on July 20, 1942, be finally adopted, the
provisions for Federal income and excess profits taxes, as shown above,
would be further increased in the aggregate by approximately $9,000
and
$20,000 in the respective three and 12 months' periods ended
and
income
provided
Comparative Consolidated Balance
Assets—
—
been
$0.30
$0.25
included for 1942,
share.———.——
common
per
■
$348,503
.,
56,336
.
—~
earned surplus.
to
4,805
.
'<■'
■
$378,555
24,455
Depreciation „*
—_*——_——_——
—
Est. prov. for U. S. and foreign taxes after deauction of for. tax credits against U. S. taxes
A
...
i
'
;
stock
Pfd.
June
$343,698
6,957
.
.
and depreciation—*.—.
Balance before taxes
41,090
$371,598
—
_
credits to income, net——*
Sundry
ti
——
income
•Federal
1941
$419,343
June 30—
Net
Balance
(& Subs.)—Earnings—
1942
$441,617
6 Months Ended
156,
695.
50
84,179
762
77.200
91,800
Note—The above figures, since Jan. 1, 1941, have been adjusted for
comparative purposes to include the corrected pro rata portion of
income and excess profits taxes resulting from the enactment of the
Jamaica excess
profits tax law in July, 1941 and the amendment
thereto in April, 1942, retroactive to Jan. 1, 1941.—V. 156, p. 603,
414,342
1
———
Dwayne Orton,
as
7,107
750
Net income
$1,480,143
applicable to preferred stocks—,—
Industrial Silica
The
1
7,001
expense
Preference dividend
7,023
.
156, p. 605.
The
to
debenture
on
Common dividends
35
oper.
The
regular quarterly dividends of 30 cents per
the last one having been paid on Sept. 1, 1942.—V. 155, p. 1836.
last,
on
$327,765
$2,256,278
and
Net
to
Int.
$183,431
income.——.
Net
—v.
Sept. 8 declared an extra
on
Honolulu Rapid Transit
10,
90,000
$380,929
Operating expenses
Sept.
$10)
$128,304
income
Net
bill passed by the House
tax
fiscal year
on
;
•After
of
amounted to
Note—Federal
$420,404
$1.01
156,334
profit
—
per sh. on 417,120 shs. of cap. stock,,,
for deprec. & amort, of leasehold impr.
Earns,
a
5,950
——
Additional payments for prior years
Net
$667,885
for doubtful accounts,: etc.—
and surtax.—,——i—*—
Total income
Discounts,
1941
$3,434,562
2,585,694
222,620
$1,150,947
.'*
———*
Other income
the
5,297
according to the
However,
90,000
$27,265
$100,
its
Cost
3,802
1942—Month—1941
1942—7 MoS.—1941
$9,130,265 $8,698,516 $63,473,048 $60,022,966
Uncoil, oper. revenues.
23,030
23,052
173,395
.161,532
Operating expenses
*
6,660,252
6,383,738 44,849,831 41,831,154
Operating taxes—J.
1,471,290
1,332,370 10,793,800
9,574,585
Hildick Products
.
1,839
Operating
from
properties of the issuer have
operated for the benefit of the
at
the Commission's
Boston
Net
294
Illinois Bell
been
In
(net)—*
Period Ended July
the application of the Boston Stock Exchange to strike
and registration the $1 par value common stock of company.
application stated, among other things, that the issuer has
7,500
$38;702
.
stock, J.P.S.Co., Ltd.*
of debt discount
common
Sept. 29,
7,500
Amort,
$1,065,801
•Includes provisions for Federal
taxes of $33,700 for the current
month and $221,000 for the 12 months ended July 31, 1942, additional
to the amount required under the Revenue Act of 1941.—V. 156, p. 430.
Co.—Extra Distribution—
$46,202
*J.
accruals
income
Interest
$1,744,055
Dividends
444.
p.
568,700
$186,592
Balance
1942, on
held
658,400
50,000
58,400
net
income
Gross
Retire, res.
$128,010
income
on
Net
3.33c
listing
dissolved.
497,328
99,980
166,305
1,023,878
$75,524
2.05c
announced Sept. 1 that a
The SEC
and
984,564
Gross
struction—Cr
Co.—Delisting Hearing—
Helvetia Oil
tain
90,992
Interest charged to con¬
declared an extra dividend of 5 cents per share
and
the
regular quarterly dividend of 10 cents per share on the
common
stock, both payable Sept. 30 to holders of record Sept. 19.
An extra of 5 cents was also paid on March 31 and June 30, last, and
on March 20, June
30 and Sept. 30, 1941, while on Dec. 26 an extra
of 35 cents was disbursed.—V. 155, p. 2279.
The
19,592
—,
Other income,
revs-
income
Other int.
1942
16,993
have
directors
The
$34,765
$417,765
Taxes
$2,250,981
operating
Other
1,330,372
2,076,961
178,311
68,803
96,397
180,454
*
—
retirement re¬
appropriations.
Property
Mines Ltd.—Earnings-
Ended June 30—
Dry tons of ore milled
—
Net
income
after
provision
for
taxes, develop. & exploration
Net earnings per share before de¬
preciation and depletion.———
—V. 155, p. 2095.
14,179
$470,929
7,828
Operation
Other
Hedley Mascot Gold
$403,585
Dr3,301
10,382
revenues**
Utility oper. income-
121,008
taxes
taxes
Gross
Quarter
$474,236
1.231
Maintenance
005.
p.
$33,534
Z>rl,071
46,108
$6,664,907
2,046.943
774,405
$6,794,352
$580,103
$578,864
Operating expenses
$409,864
—.
-
$47,273
$101,924
53,456
1942—12 Mos.—1941
1942—Month—1941
July 31—
Operating revenues
$228,097
a consolidated statement except that it includes
$37,935 received from Polaris Mining Co and
from Sullivan Mining Co., the latter being the
distribution estimated as being from income.—
profit
$1,167,199
14,453
$1,369,668
602,960
118,211
174,262
$130,703
Operating
Idaho Power Co.- -Earnings—
3,839
$184,755
•Federal
Net
1942—12 Mos.—1941
1942—Month—1941
Period Ended July 31—
s
a
33,834
$205,688
204,176
.——
—-—
$651,517
$1,107,351
407,447
465,362
23,401
5,453
—
dividend of 50 cents per share on the
common stock, no par value, payable Oct. 7 to holders of record Sept.
15.
Quarterly distributions of 25 cents per share were made on this
issue up to and including Nov. 1, 1941; none since.—V. 154, p. 1054.
declared
The directors have
Subs.)—Earnings-
Jamaica Public Service, Ltd. (&
Ltd.—Resumes Dividend—
Humberstone Shoe Co*,
Co.—Earnings-
Ilecla Mining
Monday^ September 14,1942
COMMERCIAL & FINANCIAL CHRONICLE
THE
960
1942 periods have been provided oi
the basis of a 40% rate:. It-Is anticipated that there will be no exces
profits tax liability for the year 1942 and no provision therefor-ha
been made based upon the contemplated filing of a consolidated return
including among others the company's parent, The Middle West Corp
Should the Revenue Bill of 1942, as passed by the House of Represen
tatives dn July 20, 1942, be finally adopted, the provisions for Federa
income taxes, as shown above, would be increased by approximated
•Federal
income
taxes
in
the
Volume 156 ''Number-4107
$28,000
ended
and
$68,000 in
30, 1942.
June
the
Total
oper.
Federal
Charges
and
in
Divs.
6%
on
\ La Luz Mines Ltd.—Earnings
*■
Tons
1942—12 MoS.—1941
Metal
$2,570,429 $12,272,848 $10,169,946
milled
ore
1942
49,155
$654,975
$379,499
18,767-
390,061
94,444
249,842
577,453
Reserve
$642,919
Operating and
$625,069
$649,410
Dr718
net
Dr 580
278,464
122,307
343,718
pfd. stock-
1,284
Z)rl,131
$2,963,166
356,594
$280,632
.•
depreciation, deferred
development and depletion
Net
1,392,743
$292,236..
1,440,984
$1,532,809
further
ing
$1,527,182
114,016
456,066
$166,616
$178,220
94,680
94,680
378,722
capital
the
All
to
92,893
of
figures
and
production
of
war
amounted
to
minerals, $83,991;
Div.
bef.
7%
on
Geo. S.
first
-.Balance
$71,935
Note—The
earnings
for
1941
$83,539
.;
periods
have
$687,394
$698,021
been
adjusted
for
leav¬
U.
are
S.
currency.—V.
155,
parative purposes to give effect to the retroactive provisions
Revenue Act of 1941 enacted subsequent to the release of those
held, while
the
of
unsecured
earnings
in
1941.—V.
156,
2368.
p.
final
distribution
distribution
of
cash
a
$27.97
from
the
value
par
of
the
Sept. 28
from
which
The
-
Co.
for
Of
of
part
the
&
American
Co;
system. "
*
than
more
John
was
distribute, voting
It appears to
are
the Commission
reasonable
"All)
due
fairly
power
Lane Bryant,
grounds
for
the basis of examinations that there
on
believing:
That; Kewanee has
-'■ ;*
outstanding
$883,300
V;
first
mortgage
-
be paid on
the claims of
the
July 28, 1942, the receiver
including
$500,000
of
Brompton
420
155,. p. 697;
i
•
operating
of
as
.
April
30,
1942,
and
10,000
shares
of
common
$1,873,097;
less
than
(5)
''
»
Co.
the
was
executed
cancellation
reduced
dividends
of
was
of
originally in the
been
Balance
i
■
Excess
to
in
an
and
the years
declared
by
in
it
Reserve
Loss
and
that
the
1941,
1928,
paid
1929
Federal
—V.
1930
aggregating $170,000 the open account indebtedness
creased by $430,369.
(6) That all the voting power of Kewanee is vested
in the
to
that
provide
(7)
assets
the
corporate
ably distributes voting
(81
That
the
disclose
or
—V.
and
equity for the
any
That
the
On
in¬
the
assets,
of
or
properties
155, p. 2185
Kewanee
financial
do
not
properly
condition
of
Operating
Operation
$25,969
;10,964
6,940
r
-
■
Maintenance
1.057
taxes
Net oper.
Other
•
and
amort.-___
be
$90,305
$83,365
1,041
1,372
4,579
v
dividend
$9,137
taxes
of
1942
based
are
23,872
2,072
23,089
$68,588
Federal
income
the
upon
approximately
$64,072
24,374
—•
1941
v
24,374
$44,214
and
surtax)
Revenue
for'
Act
additional
$39,-698
and
amounts
plus
taxes
estimated
ended
1942
income
restated
1941.—V.
for
profits
excess
July 31,
Federal
been
above
taxes of
and
and
Federal
1941,
income
taxes
$15,277 and
respectively.
profits taxes
excess
fol'
include
$857
For
may
give effect to the Revenue Act
p. 606.
for
provision
the
12
comparative
each
to
156,
month
enacted
of
in
for
months
purposes
1941
have
September,
directors
have
of accumulations
the 6%
on
payable
Sept.
15
$18
share
paid
per
totaled
$21
declared
Dec.
on
share.—V.
per
cumulative
holders
to
dividend
a
of
record
18,
155,
1941;
p.
of
290,000
$6
share
per
on
.
stock
As
share-———,
of
as
July
1942,
920.
1
May
;
At
the
close
of
business
on
July
31,
In
Assets—
Demand
1942,
the
securities
held
"last-in,
'
The
result
A
1
to
t<.
hand-
on
dividend
of
accumulations
holders
of
30
on
record
July 1, last, and
ages
as
at July
cents
the
per
6%
share
preferred
has
been
stock,
declared
of
$2.85
this
1942
:
change
par
$20,
payable
Oct.
1
2, 1942, amounted to.$1.50 per share.—V.
156, p.
80.
1,531,883
-
During August, 1942_ the company had the
operation
as
Canada.—V.
in August.
156, p.
606.
amortization-
!
1
'_.
3.180
-
payable
Provision
for
Cumulative
156,
p.
606.
•»
•
-
'
United States
and
62
for
directors have
Federal
12
37.Va
share
28
cents
to
on
share
holders of
July
made
28,
•
•
■
-
*
*
pfd.
stock
excess
($100
(134,926
no
on
(Del.)—Dividends—
the
and
Sept-AS.
the
and
of 25*cehts
27,
the.cl&ss A
record
on
last,
iB
class
25,
stock,
stock
June
25
divi¬
payable
cents
Jan.
on
and
the
on
quarterly
' Distributions of 25
common
March
on
share
per
usual
common
27,
Sept.;25;
866.
p.
1942—Month—1941
month
same
last
year.—V.
..."
but
int.
—V.
of
31,745
for
be
748.300
Broad
1.482,522
>'
46,958
1,206,508
$7,189,082
in
$5,254,593
1942
and
'
-Earnings—
.;
-
,
A-
1942—12 Mos.—1941
175,188
63,470
18,198
$157,775
$169,009
'•$660,047
$694,587
8,885
7,958
36,862
10,056
'
(net)_
$166,660
$176,968
$696,908
56,843
56,155
227,978
221,521
$109,816
$120,812
$468,930
$483,121
43,750
43,750
deducts.
81.
p.
have
will
require
delayed
"A
'
'
a
being
met,
are
in
of
the
1942,
complete,
and
it
obtain¬
t
on
some
contracts,
the
statement
'•
19.7%—
1942—7 Mos—1941
$2,271,421
$16,015,636 $14,096,597
AAwA-/-';.', ,iA".A.'
.
to
year
material
progress
1942—Month—1941
,'$2;719,501
far
so
quarters
the notice of dividends.
schedules
.':r;. A
V',
two
!.
A'-':.:;
'
The
at
Chase
National
N. Y. City.—V.
156,
Bank
p.
of
the
City
of
New
York,
11
783,
RR.—Earnings—
,
1942—3 Mos.—1941
$241,201
__________
$7.76
$359,387-
"1942—6 Mos.—1941
$420,915
$569,243
$13.48
.
-$18.42
$11.70
,,
charges and Federal income and
excess
profits taxes.-
Dividend Decreased—
The
directors
have
declared
a
dividend
of
$5
share
per
the
on
stock,
This
$7.5(1
Maryland
$704,642
basis
of
$77,062
profits
a
175,000'
212,083
taxes
40%
ranging from 50%
rate
in
for
$293,930
the
1942
income
$271,038
periods have
taxes,
and
a
to
provisions for Federal income and
in
the
excess
profits taxes, as shown above,
aggregate by approximately $14,000
Casualty Co.—RFC Loan
Approved, Etc.—
At
an
extraordinary meeting held on Sept. 9,
the stockholders
approved the proposed plan approved by its board of directors Aug. 18,
1942, to accept an offer from the Reconstruction Finance Corporation
that
pav
will
enable
the
company
the cumulative deferred
the
plan
to
retire
dividends
its
on
stock
preferred
that stock.
and
also
the
company is to obtain additional capital and
surplus funds amounting to $12,500,000 from the RFC by the surrender
and
retirement
of
the
shares in
174,487
present outstanding preferred
exchange for the entire issue of
stock
a
consisting
new
preferred
stock
a
consisting of 299,487 shares. The new preferred stock will carry
cumulative dividend of $3 per share as compared with $3.50 on the
present
$66,066
excess
increased
V A
company
Stores Co.—rAugust Sales Up
Mahoning Coal
"After
of
divs
further
however,
labor
construction
156,
St.,
Under
75%, in the various brackets,
excess profits tax.
Should the Revenue bill of 1942, as
passed by
House of Representatives on July 20, 1942, be
finally adopted, the
be
contracts,
this
preceding
Difficulty of obtaining deliveries of
Earn, per common share--
1,572,034
245,253
the
each
$2,460,006
1,643,293
on
by
the
payable Oct. 1 to holders of record Sept. -21.
with $7.50 per share paid on April 1 and July l; last.
A Disbursements during 1941 were as follows:
April 1 and July 1,
each, and Oct. 1 and Dec. 30, $10 each.—V. 156, p. 164.
9,909
rates
cents
outstanding 7% cumulative preferred stock has been called
redemption as of Oct/1, 1942, at 102 and dividends,- Payment will
made
common
49,520
provided
25
reqQrd.
compares
376,921
and
'
taken
from
Period Ended June 30—
.
v
$2,612,063
Balance———
of
;
73_101
income
of
extras
1941.-
contracts
declined
construction
^Net income
(costs $122,697 and $127,654),—
$605,358
—
income
stock
and
the
on
of
$528,-
$645,944
_______
each
holders
;
.
share
per
to
1
All of the
Dr87;293
46 284
1,557,725
•':''Av;.:;
income
cents
cents
Oct.
1 482,522
$989,975
1942—3 Mos.—1941
50
of 75
payable
statement'issued with
156, p. 515.-
715.000
amortization
dividend
a
both
Magor Car Corp.—To Retire 7% Pref. Stock—
275,000
22,088
&
of
—
219 928
312,981
income
a
generally
31,820
taxes—
income
have
stated.
field
762,072
profits .tax
expenses
income
value,
Dec. 20,
on
added.—V.
197.091
profits taxes
shares)—-.A
515,
p.
four
construction
Uncompleted
90,187
par)
par
156,
Jan-.
on
to
quarter
943,647
Dr83.996
revenues-
oper.
New
third
$100,000
•
excess
declared
par
Quarterlies
disbursed
$5,254,593
147.183
1941.
696.
have
McLellan
$100,000
———_A———.L,
depreciation and
oper.
18.
1942—8 Mos.—1941
McKee & Co.r—75-Cent Dividend—
no
addition
was
1,611.686
A—A-—*——T-
Period End. June 30—
would
current
.
stock,
disbursed
-
ing
468.786
Lake Superior District Power Co.-
the
$722,158
the
—.
i
stock
156, p.
Net
for
2, April 1 and July 1, last.
r
■■ >.,•%
;
quarterly payments made during 1941 the com¬
pany paid the following extra dividends in that year:
Jan. 2, Ayiril 1
and July 1, 25 cents each, and Oct.
1, $1.
A special of $1 was also
528,479
$7,189,082
_r__—A:r__^.A-^
"After
B
In
2,050
—
stock
common
inc.. and
Total
Other
$32,191
$5,016,646
$4,320,397 $35,821,807 $30,373,781
1942, the company operated 203 stores, as compared with
^
in the
were,
,
Total
of
ended
dividend
a
payable Oct.
per
also
were
and
August,
350.000
surplus
for
1942—8 MosA-1941
taxes
months
declared
stock,
common
A'The directors
12,000
:—
Fed.
stock
schedule
•
$63&,015
July 31, 1942, additional
required under the Revenue Act of 1941.—V. 156, p. 432.
'-(Arthur G.)
7,985
(net)
__________________
in
$8,021,512'$67,637,868 $58,645,558
•
provisions
$233,600 for the
Period End. Aug. 31—
surplus
been
—V.
,'356,532
—A———---———
Sales
(current)
Earned
Pref.
number of stores in
same
1942—Month—1941
356,532
15,599
-V-
736,176
„
payable
"Federal
$9,607,270*
$1,078,690
•
.
Period End. Aug. 31
$992,547
to
according to
1.935
____
Accrued expenses
Dividend declared
Net
1942—8 Mos.—1941
(S. H.) Kress & Co.—August Sales Up 19.8%—
Sales
1,346
$56,254
201
4,410
•
.
8,415
Accounts payable,-trade creditors, etc.—______
Prepaid sales and credits to customers—
in
$2,021,120
12,479
—'
In
40,357
$116,056,604 $101,892,844
1941, with 671 in the
1,897
$157,745
826,342
,
jMcCrory Stores Corp.—August Sales Up 16.12%-—
276,277
Liabilities—
Total
.
6,393
Period End. Aug. 31—
1,901,288
397,130
Total
479
684,405;
962,387
.
$134,542
mtge, bonds-
Sales
1;207,317
_
"Property accounts, at cost
Property accounts at closed factory plant
Patents, trademarks and goodwill..-
Gross
Co.—August Sales 11% Higher—
Period End. Aug. 31—
-1942—Month—1941
Sales ———*—
$15,842,929 $14,283,238
$155,848
•
A
Sept.
69,498
on
(S. S.) Kresge
$128,149
mjjjy-V. 155, p. 2008, 827; V. 156,
1941V: y
9,463
>
693,921
70,181
_——*__
Net income-
class
3,536,831
of
to
60,075
78,000
.
81,141
April
in
AA
advances to officers and employesSundry investments (less reserve)—^
Lasts, dies and patterns, at cost (less amortiz.)
Notes
$8,928,555
4,662,282
'734,403
1,260,306
875,114
per
9,725
"Fed.
Sept. 21.
A like amount was paid on April 1 and
April 1, July 1, Oct, 1 and Dec. 20, 1941.
Arrear¬
73,870
net_____
Sept. 25, both
$1,258,829
Loans and
Notes
1942—12 Mos.—1941
$789,404 $10,626,520
429,430
5,778,474
res,
,
■
i_
"Fed.
account
on
Co.—Earnings-
1942—Month—1941
2,860
of
$884,846
(net)—.—
receivable
Operating
Kobe, Inc.—Accumulated Dividend of 30 Cents—
A
;
203
dend
manufacturers—_______________
—
Prepaid and deferred expenses
Advance to landlord, subject to
the
;
31-A
'' r • ;
988
B
$4.26
—■*,/
first-out!"
%-Af.vA
.
,
receivable
Advances
in
portfolio cost $891,681 showing ail unrealized loss of $172,306. The
-assets consisted of
$101,465 in cash and $719,375 in the market value
of the portfolio, making total assets of
$820,840.—V. 155, p. 2095.
$0.00
:,
Cr
The
1942, costs of merchandise inventories,
thereof, have been determined for the first
deposits in banks and cash
Accounts
V.
Portfolio—
SO.09
constr.
class
31,
sections
t7 647 dnd 7,947 shares,
respectively
Fund—Securities
$0.09
$0.06
$1,931,432
'
16,246
to the amounts
A;
f Treasury
1,
62,779
$192,823
"
'
and
chgd,
63,489
Comparative Consolidated Balance Sheet, May 31
•*>
prior preferred stock, par $100, /
Sept; 4.
This compares with
Arrearages
42,019
$267,597
$2,033,599
53,966
190,768
^
—
at
basis
Capital
account
41,,639
$260,815
.
82,969
on
int.
"Includes
165.000
.
Knickerbocker
76,721
$185,735
revenues-*—
month and
of 1942.
Aggregate tax provision on the foregoing basis is
approximately $120,000 greater than would result from the use of 1941
rates'for the entire y^ar ended May 31, 1942.
Common
.
.
Keyes Fibre Co., Inc.—Accumulated Dividend—
The
15,165
$255,602
875,022
1,506
Provision for Federal income and excess profits taxes for the
ended .May 31, 1942, has been made on the basis of the rates
applicable to 1941 for seven months and on the basis of
proposed new
rates, as
approved by
the House of Representatives,
for
the
five!
■
.
.
25,066
$309,616
$1,947,678
(2)
added
an
which
under the proposed
1942 Revenue Act., This additional
being spread monthly upon the basis of taxable income. The
shown
W
______
year
excess
required
amount is
!.,,
—__
_
(normal
$18,000
31,409
'
excess
to
$240,437
is
Mortgage
$87,944
$7,065
—-A.;-for
29,146
$91,678
1.S55
requirements___,____.
•
253,191
'
$302,454
.473,609,
'111,669
60,713
50,000
few
a
Inventories
$4,495
.
—-
"Accruals
'
Dr 78
Balance'
profits
48,046
31,644
,2,719
$6,450
149,127
$284,550
$78,634
Dividends applicable to preferred stock—
reduction of gross margin for the year ended
May 31, 1942,
by $191,092 and decrease of net income for that year by $45,192.
19,600
27,746
'
$8,036
net
Balance
provision
57,294
3,679
Balance
Preferred
19,494
39,239
$6,528
revenues^_^>
income,
Interest
1,296
3,263
•.
4,742
taxes
common
the
on
.75,606
3,655
3,277
"Federal income taxes__^
215,914
$271,045
expenses-^;;
Balance"
$277,107
102,071
'
Depreciation
Other
$356,449
'
*
•
time
Kewanee;
1942—12 Mos.—1941
$30,248
1
140,620
months
1942—Month—1941
revenues____
1939
$634,248
22,275
6,395
$415,854
per
for
method
reflect
Key West Electric Co.—EarningsPeriod Ended July 31—
1940
$455,951
72,919
Int;
16,774
460,000
Notes—(1)
>
■
1941
'
——A.————■
profits
common
except
insufficient
are
Kewanee unfairly and inequit¬
the security holders thereof.
among
account
company
of
structure
of
of
19,646
i_-;
2,
ancl
6,359
and
j
value
cents,
697,
72,917
•
.surplus——-——™
" - $593,519
preferred stocx—___^—'
— >—
51.534
on
Earnings
stock;
common
power
books
earnings
adjustments
Jan.
on
25
p.
deducts.
Other
52,624
declared
15,
58,297
$852,140
income
Interest
over
fixtures
cents
156,
$545,255
revenues——
income,
on
com¬
Brl,496
'
of
50
March
as
5,035
taxes
Gross
'
Cr 13,734
and
last,
Co.—Earnings—
Louisville Gas & Electric Co.
Dividends
common
and
other
'
1942,
follows:
as
share
per
holders of record
15,
$262,456
A
taxes
Other
111,422
to
182,543
appropriations,
5,289,045
cents
15
June
15,686
;
2458.
p.
Net oper.
$706,254
plant——
and
Net income carried
stock
Kewanee
stock
depreciation)
profits taxes
while
common
John
$455,650
depl: & amort.
Operating
Operating
$6,106,721
126,610
16,
Louisiana Power & Light
,
50
on
lease
income
155,
Other
of
made
was
were
expenses
Period Ended July
67,158
6,803,900
A
expensei-
abandonment
and
excess
Judge
1942
gas income-
income.
:.-l.
Earnings per share—
in¬
properties not used in oper.—
or
income
Federal
had
and
the
on
sale
succeed
15, 50 cents each.—V.
Net
-
$1,349,431
interest
against closed
on
to
$257,421
Deprec.,
note
31,
of Dec.
as
depreciation and
(except
expenses
from
equipment
>>
consideration
indebtedness;
$360,000 but
that in
purportedly
received
account
open
amount of
$210,000;
were
1935
of
income
1941
Dec.
*
■
A
79,139
■
$8,279,941'
(excl.
(less
and
Property retirement
A
_____________
income
16
income
Total
$6,039,563
i
Interest
appro-
1942—7 Mos.—1941
director
a
ferred
preferred stock. In other respects the terms of the new pre¬
will be substantially the- same as those of. the present
stock
preferred
to
100
mon
an
asset
is
to
say,
it
will have
preference value of $100
a
per
share, and will be convertible
stock Tor each share of preferred stock.
Prior
surplus
stock
stock—that
and
share
votes
this
to
all
that
par
amounted to
dividends
accruing
on
$3,172,254 on Sept. 9,
of
$10
per
will be entitled
com¬
,
exchange, the company will pay from
cumulative
value
share,
into 50 shares of
per
■
the
1942.
its
then
present
'
1941
$3,937,103 $33,636,707 $26,546,546
dividend
a
March
on
Profit
,
departments and mis¬
1;
expenses
cents
expenses,
Other
" >'•
Subsidiary Companies)
income—_________w
income
Operating
ended
343.
p.
value, payable Sept.
par
distribution
rentals,
taxes, leases
abandoned, etc. —A
.
;
•
terest expense—-;
_____———i.
Provision for depreciation and amortization-—
That
Power
of
that the net Carrying value of $1,873,097 includes
not
$710,000 of intangibles and plant not used or useful.
the past due note held
by the North American Light &
Total
r
stock (no par)
but with a stated value in the
"Aggregate amount of $500,000.
•
(2) That all of the common stock of
Kewanee is owned by Illinois
Traction Co., a registered
holding company and a subsidiary of North
American Light & Power
Co., also a registered holding company and
in turn a
subsidiary of The North American Co.
(3) That Illinois fraction Co. isThe owner of
1,496 shares of the 7%
preferred stock above rtientioned arid that the
remaining 5,504 shares
of said preferred stock are
publicly held.
(4) That the assets and
physical Properties of Kewanee as of April
30, 1942, were carried on the books of
company at a stated net value
-•of
oil and
Admin,
at 5%
were
25
declared
no
Payments during
Operating
/,
Inc.—Earnings—
from leased
cellaneous
periods
.
1942—Month—1941
unsecured
(And Wholly Owned
Commissions
have
similar
16, Sept.
"Federal
1, 1949, an overdue note held by North American
Light &
the- principal amount of $210,000 and
bearing interest
7,000 shares of ?%' preferred stock (par $50) on which there
arrears of $32.66%
per* share In the aggregate amount of $228,667
months'
Corp.—August Sales Up 16.2%—
3 Mos. End. June 30—
Net
for
$8,200,802
Co.. in
156,
Louisiana Land & Exploration
to
•
bonds
July
Power
will
1938,
12 Months Ended May 31—
<i
!• A
'■* -1942
; 1941
Sales, net of returns-^.-$20,554,051
$15,373,983
Cost of sales, exclusive of deprec. at factories
12,353,249
9,334,420
stockholders.
among
7,
$1,828,802,
Stadler's,
Post.")—V.
,*•%,
herein.—V.
stock,
A
with
1942.
debentures
51 secured creditors the major claims are as
follows:
John
$57,323 and $125,000; Hanson Bros., $200,000; McLeod,
Young,'
$150,000, and the Royal Bank of Canada, $250,000.
"Financial
Hearings will begin on Sept. 23 to determine whether, among other,
things, recapitalization of Kewanee Public Service is necessary in-order
to
creditors .of
of
creditors, the highest individual
$99,230, and the next highest Alexander
Fleck, Ltd., Ottawa, for $29,434.- As mentioned, the unsecured creditors
receive
only 8.56 cents on the
dollar
for
their
claims.
(Toronto-
"*
-
•
Feb.
5.
June
$100
Co.,
of
claim
,
North
unsecured
each
creditors.
Corporate
and
and
for
made
general
the unsecured
the
Out
company's office is located at, Trenton Ave. and Huntingdon St.,
Leon Hunter is Secretary.
• 1
simplification proceedings under'the1 "death sentence"
clause of the Utility
Holding Company iAct " were instituted Sept. 4 by
the SEC against, the
company, a subsidiary of the Illinois Traction Co.
•
Paper
Stadler,
and creating a surplus
Kewanee, Public Service Co.-r-Simplification Order—•.
•
&
Weir
Philadelphia, Pa.
v
received
cash
be paid.
may
be
directors
common
pared
mortgage debenture stock.
The disburse¬
authorized
include $101,448
for receivership and liquidation;
$475,000 of Brompton bonds for the secured creditors, and
$50,000 in
approving a proposal to reduce
capital stock from $25 to $12.50 per
authorized
dividends
secured
a
ments
on
share, thereby reducing its stated value by 50%
manager
Pulp
(Phila.)—To Reduce
Par Value of Shares—
The stockholders will vote
the
will
dividend of 8.56'%
the period
and
(The) Kensington Hygeia Ice Co.
adjusted
156, p. 607.
Sept.
has been authorized to make
manager,
to
the
creditors.
During
r/
Longliorn Portland Cement Co.—50-Cent Dividend—
2008.
p.
company.
A
12j
'
.
$226,812.
Currie, receiver and
and
this
com¬
and
■
Eugene W, Leake has been elected
Hazel.—V. 156, p. 432.
R.
Lake Sulphite Pulp Co.,
Ltd.—Pays Creditors—
3*78/722
three
;
Loew's, Inc.—New Director—
to
subsidiary)
"
$4,573,188
—V.
The
Balance
'
Lerner Stores
$225,858
in
Nicaragua
(wholly owned
Inc.
respective
Period Ended Aug. 31—
24,496
$271,563
$190,305
'
expenditures
Panaminas
for
search
*
$1,076,743
jr. pfd. stk,
1942
advances
balance
a
•456,066
114,016
divs,—
125,893
profit for the period
$142,822;
the
Sales
$2,964,298
$2,525,552
$648,831.
costs
for
Note—In
$624,351
______■
$2,924,269
administrative
priately
$372,661
352,190
Net
6,838
6,238,135
1,017,182
12,056
$668,388
8,081,555
188,764
in
1942.
have' been
'
LiA
_•
30,
Note—For purposes of
comparison, earnings figures published in
prior to the enactment of the Revenue Act of 1941
$687,155
1_
(gross)-,
charges'
June
93,229
"
Marketing
$26,000
1940
1941
112,870
___
production
961'
and
Quarter Ended June 30—
;
■,
1,637,809
—
income
Net
.A
)
215,860
income
Total deductions
r'.'A:'-
periods
inc.
income,,
income,
Gross
months'
2,070,082
profits taxes
oper.
Other
of
12
Company Only
$2,911,011
taxes_'_
lieu
exc.
Net
1
revenues
of
1942—3 Mos,—1941
expenses—
income
and
V,'
>
Account
Period Ended June 30—
Operating
respective .three
'/'-A '
Income
THE' COMMERCIAL & FINANCIAL CHRONICLE
existing
preferred
"*•
COMMERCIAL & FINANCIAL
THE
962
the company, also consists
of common stock, par $1 per share.
The
President of the company, in the letter to
of
capitalization
of 799,923 shares
Period Ended July 31—
Operating
Uncoil,
liability,
guaranteed
maturity.
The cumulative
Net
company.
—V.
pared
share on
per
dividend
tive
ferred stock.
3
sales
Net
—V.
___________
156,
516.
p.
.
—v.
V
Academy—Bonds Called—
6% sinking fund
1942, at par and
National Bank of
Reduction
Missouri Pacific has cash available aggregating
and by the end of the year might exceed
transfer
—V.
Bank
National
155,
&
the
for
agent
dividend
initial
An
Dividends
were
share, and like
cents
per
P-
has been declared on
share
V* cents
May 1 and Aug. 1, last. A
of an initial quarterly of 2
amounts were paid on
declared, is also payable on the class A
Oct. 15.—V. 112, p. 2246.
distribution, previously
similar
stock
nine
this yqar, by the payment
1,
per
of
on
Nov.
notes
banks
follows: /,
as
of New York
Trust Co.
1 to holders of record
1942.
-./'•/
'
The
12
of
Sought—
Mining Co.—Tenders
Fidelity-Philadelphia Trust Co., Philadelphia, Pa., will until
noon, War Time, Sept.
18, receive bids for the sale to it
mortgage 6% gold bonds due Aug. 1, 1947, to an amount suf¬
to exhaust $21,171.91 held in the sinking fund/—V. 155, p. 1123.
o'clock
first
ficient
Montana-Dakota Utilities Co.—10-Cent
dividend
A
of
10 cents per share has been
declared on the common
holders of record Sept. 15. A similar
1 and July 1, last, and on April 1,
July 1, Oct. 1 and Dec. 29, 1941, as against six cents per share on
April 1, July 1, Oct. 1 and Dec. 28, 1940,—V. 155, p. 2186.
: :
Period Ended July 31—
'
Operating
revenues.
Operating
stock,
7
7
Ago—
7/
Beverly
expenses™;.
X—
$1,526,961
467,153
469,391
158,108
taxes
_______
$1,494,372 $20,066,385 $18,601,870
493,433
5,796,875
5,515,111
200,371
4,668,069
2,735,434
158,831
1,884,957
1,819,349
172,860
appropriations
162,593
1,858,785
2,075,055
$259,449
$479,144
$5,641,429
$6,673,191
2,731
1,052
Dr7,299
Dr6,358
Other income, net—
.7
"7"
'■
notes
record 7
the
were
as
income
on
Int.
on
Other
$5,634,130
$6,666,833
156,501
1,869,748
1,882,357
44,125
529,495
44,125
debentures—
int.
547,519
484,894
1^3,056
Crl7,303
$29,307
$242,134
applicable to preferred stock
$2,684,312
957,534
$3,787,390
957,534
33,697
deducts.
constr.—_
income
Dividends
529,495
38,622
Crl,186
and
chgd. to
Net
$480,196
mtge. bonds
Int.
Int.
$262,180
155,051
——_
Balance
$1,726,778
_________
$2,829,856
provisions for Federal taxes of $111,600 for the current
moifth and $689,646 for the 12 months ended July 31, 1942, additional
to the amounts required under the Revenue Act of 1941.—V. 156, p. 433.
7
Sept. 15, 1941.—-V. 155;
156,
p.
785.
•-■;/■/,77
■
so
to be acquired
Period End. Aug.
Fire Protection
New York
'.77
Sales
—V.
156, p.
1942—Month—1941
1942—7 Mos.—1941
$48,740,667 $57,803,245 $341,928,375 $355,892,839
608.
Morris Plan Co.
of California—Smaller Dividend—
mortgage
.
4%
Co.—Bond Called—
directors
on
gold
_
.
New York &
)•
j : J
i f
l•
1.,
> > j
f)■)
9.1
25.6
in
int.
11,404,012
29.7
11,404,012
13,754,553
35.8
13,754,553
264,225
0.7
2,409,656
$38,422,790
' 100.0
$44,615,584
,/v/
Northern RR. of New Jersey—Opposes
' '
for
7
.100.0
'
/
Plan—
protest against' the treatment ef the road and Its subsidiary,
Nyack & Northern RR., in the Erie RR.'s bankruptcy proceedings was
issued Sept, 3 by Cameron Blaikie Jr., Vice-President of the Northern.
The
Erie
leased
the Northern in 1899 and disaffirmed the lease
-
and
the/,
155,
'• .-7
Honduras Rosario Mining Co.—Dividend
Sept. 9 declared an interim dividend of 75 cents
New
was
the
the
claim
system
paid
of
the bondholders
out $15,000,000 in
the
The
from
of
the
plaintiffs
general, and part of more than
against the system.
had been taken on unsecured
yet.—V. 156, p. 867:
were
only
claims
of
the
system as
Northern under court order
January,?1939, an entire new board, under Winthrop Waite as
and President, was elected by stockholders.
None of the
Erie officers.
This board resolved to file a volun¬
petition in bankruptcy.' This was filed in the Federal Court" In
directors were
new
tary
Newark,
'
N. J., on Jan.
26.
lawyers) have made no attempt to
they get any railroad other than the Eriq
had an interview with the New York
Central RR. about, that road's doing it, but the latter/after a super¬
ficial investigation, declined.
I am not convinced that all practical
possibilities of having our property operated by some railroad other
"The
appointed
trustees
lootn
operate the property, nor did
to
do
it.
Northern counsel
than
Erie have
been explored by our
trustees,
•
■
.
/
.
of the Northern reorganization plan as proposed would
stroke for the Erie interests, as it would serve to white-r
the record of Erie in the Northern and at the same time give
"Adoption
be
a
master
wash
Erie
full
paid
any
p.
that inasmuch as the trustees
back interest on bonds of the
$100,000 of such claims now outstanding
The court further said that no action
to operate the
to time after 1910
Chairman
>
they too were entitled to similar payment because of.
guarantee clause in the original Providence Securities bonds.
plaintiffs also claimed that payment of interest could be made
non-operating income of the system.
Judge Hincks held that the plaintiffs failed to prove their conten¬
tions and ruled that the bonds were not secured and therefore,
the
"In
,
.
It
is
and untiM937," protests Mr. Blaikiei
"the Erie removed various segments of track from our lines.
Where
these trimming operations were carried out 2,400 feet of double track
was
left at Closter and another 1,350 feet at SparkiU for passing
tracks.
' 7- •
■ '
• "/ 7 7 ; 7 • 7"' / .■
'-7
:'
"The consent of bondholders was not had for any of these track
removals, nor was any resolution to remove them passed at any time
by directors. • No resolution has been offered at any annual meeting
dfter the removal of our second track in 1936 approving acts of the
directors.
The proceeds might properly have been used to retire some
N. RR. bonds, but the Erie kept the money.
Haven &
Sought Payment
It
193.9.
"From time
-
Hartford RR.—Providence
Bondholders Refused Back Interest—
„
holding that their claims were unsecured/and can only be treated
common creditors,
Judge Carroll C. Hincks of the U. S. District
Court in a decision Sept. 8, refused to allow payment of back interestto
bondholders of the Providence Securities Co., a subsidiary of the
New Haven road.
The court held that the bonds in question were not
secured liens of the system and therefore not entitled to any back
interest charges.
:
<
'
. •
■, V,:,
The action was brought by the bondholders who claimed that they
held $25,000 in bonds of the Providence Securities Co. and that these
were guaranteed
as to interest by the New Haven road.
During the
hearing it was brought out that the bonds of the Providence Securities
Co. were exchanged for 4%
gold bonds of the New Haven system and
that the latter liens were not secured by mortgage.,
7
York
New
18.
Nov.
on
until Dec. 31, next.
-
third quarter of 1942, payable Sept. 26 to stockholders
of
record Sept.
16.
Distributions of 40 cents each were made on
March 28 and June 27,-last. ■ Payments during 1941 were as follows:
March 29, 50 cents; and June 28, Sept.- 27 and Dec; 27,. 62'% cents
each.—V. 156, p. 434. •
■ •-7-' ' ■
7'-.7
7
share for the
claims
quarterly dividend of $1 per share has been declared on the
stock, payable Sept. 15 to holders of record Sept. 8.
This
compares with $2 per share previously paid each quarter.
In addition
A
eommon
29.1
subsids.____
stk., $50 par (228,080 V4
Minority
;7.\:
bond due Sept. 1, 1954, No. 20,
$1,000, has been called for redemption as of Sept. 23, 1942, at par
interest.
Payment will be made at The Chase National Bank of
City of. New York, successor trustee, 11 Broad St., N. Y. City.—V.
p. 2283.
7: ' t'- ,■
7 ■• ' - , ' 7.
first
system,
31—
Amount
$13,000,000
4,047,363
_:-^™-^™:
notes
Secured
-^-Consolidated
"
%
33.8
v
A
of
Co., Inc.—August Sales—
785.000
by Nobo will then be
$13,000,000
•
;
485,000
25,000
785,000
Corporate-—-
.-7,■ -'.7' 7/,..
7
v
320,000
,
1,089.375
'
—V.
-
/ Issued»
$45,000
460,000
Amount
•Includes
Montgomery Ward &
Account
Advances
$700,000
275,000
Shares)
7—
& St. Louis RR.—Installment on V
Com. stk., no par (433,354 Ye
/:'
shares)
;_______™
The company has made the third quarterly payment of $600,000 on
Surplus
its bank loans,
reducing the outstanding balance to $600,000.
The t
bank loans originated last fall when the road retired $16,000,000 4s
Total 7.™™™™™.—
of 1946.
The bank loans initially amounted to $2,400,000.
The third
—V,/ 156, p. 867.
payment
was
made Aug.
19 and the final, installment, which
will eliminate the bank loans, is scheduled to be made in November.
■''
/,
Note?
to Be
follows:
■
New York, Chicago
:
New
1,089.375
Co.
Light Co.™____™
& Electric Co._:_:__
of
Pfd.
Bank' Loans—
ipg Notes
$700,000
" 7 77
Open
pledged with
the custodian .(First National Bank of
Boston) together with all of
Nobo's stock holdings in its nine direct utility subsidiaries as security
for the new 2'%% notes pursuant to a bank letter credit agreement..
The corporate and consolidated capitalization of Nobo as at April
30, 1942, which will reinain unchanged by the proposed transactions^
on the
/
Presently
Outstand-
Co.™™
Electric
All
share paid on March -16, -■
/'•;■
'
Gas
Suburban
as
Gross
3% notes as follows! ;/
/'■/../*
Electric
Electric
Gas
Salem
/'
&
Gas
Haverhill
Co.—Dividend Again Lowered—
This compares with 15 cents per
and 20 cents each on March 15-and
Thd
Property retir. and depl.
reserve
' '/"V". ' >
v,
Gloucester
ended Aug. 22,
57,919,704 kwh;
declared a dividend of 10 cents per share
value, payable Sept. 15 to holders of
f /
"
7
.'
par
no
1123-
per
1942—12 Mos.—1941
1942—Month—1941
taxes
♦Federal
Other
(& Subs.)—Earnings—
Power Co.
before
;/•■ '1't
lOl'/a for redemption on or
:.
■/•'/Each of:'the'loans to* the above banks will be evidenced by a single
promissory note of Nobo bearing interest at the rate of 2%%. pet
annum, payable semi-annually and maturing Oct. 1, 1947.
All or any
part of the principal of each of said notes may be paid at aiiy time
prior to Oct: 1, 1945, with a premium of 1% and thereafter without
premium/ except that no premium is payable if the prepayment 1$
made in connection with, or as part of, a general refinancing following
a
liquidation of Nobo or a simplification of the corporate structure of
the holding company system of which Nobo is a part effected in com¬
pliance with the Act.
Additional borrowings- may be made in an
amount
not
to exceed $3,000,000 subject to certain conditions con¬
cerning the pledge of additional securities and earnings and asset
ratios specified in the bank credit letter agreement.
In addition to the
above
provision there is a further limitation upon the amount of
consolidated
borrowings plus subsidiary preferred stock issuances of
Power
directors have
The
Dividend—
stock, par $10, payable Oct. 1 to
distribution was made on April
Montana
will
additional cash in hand. Nobo
7 With the money so obtained plus
the; 3Va'%
notes at a price of
-
Monroe Coal
1,250.000
1,250,000
:
—
call
1;
4,500.000
& Trust
chemical Bank
Oct.
$6,000,000
Bar.k_:—_
National
Guaranty
outstanding $13,000,000 of
borrowing $13,000;000 from
■
Boston__/_:___::__™__—_™i;
of
Bank
National
Chase
$36,457,936,.
.
Shows Gain Over a Year
8.
last,
payable Nov. 15 to holders of record Oct. 31.
inaugurated on the class A participating stock on
the class B stock,
Feb.
Co.—Initial Class B Dividend—
Pressed Steel
week a year ago.
Mexico Gas
New
The
common
Sept.
Moline
lefinance its presently
due Oct. 1, 1947, by
proposes-to
secured
.
First
Association—Output—
1941, an increase of 3.96%.
"
'.
.
A gain of 3.66'%
was recorded in the preceding week
1942, output being 60,041,094 kwh., as compared with
in the corresponding week last year,—V. 156, p. 785.
2459.
p.
Nobo
•
3*% %
:.--s-\.U^ ""/
ended Sept. 4, the
30,
Aug.
Co. of Chicago has been appointed
stock, - effective as of Sept. 1, 1942.
Trust
common
•
/ " / ' /Sept. 3 by the; Securities . and
Exchange
Commission to a proposal by the company to
borrow
$13,000,000 from banks for refunding purposes, y
•*
v, •
- •
.
"■
granted
was
replaced by new 10-month
Service Corp.—Transfer Agent—
Missouri Public
City
week
the
,
Properties—SEC Allows Com¬
$13,000,000—; 7 -
approval
Conditional
,
was
immediate
the reorganized
annual interest
for proposed
4%
around
to
rate
interest
of
Electric
England Gas &
New
.
to Borrow
pany
.
Association—Output Up 3.96%—
Total production in kilowatt-hours, both generated and purchased,
of New England Power Association and subsidiaries for the week ended
Aug. 29, 1942 (the amount available for New England Power Association
and other reporting companies and secondary sales to other utilities),
60,796,201, as compared with 58,481,042 kwh. for the week ended
$70,000,000.
payment would effect a saving of around $5,000,000 to
road, the committee said, and would eliminate future
charges of $1,388,000.—V. 156, p. 867.
$5,362,964 $43,458,088
.7,;
New England
;'T"
said
.
North Boston Lighting
,
cu.
$50,000,000
than
more
v
1
reorganized company.
incurred in 1932 and 1933, amounts to $23,134,800 principal and interest of around $6,000,000, but belief was
expressed that the Government agency might accept payment now at
an interest rate less than the 6%
at which the loan has been accruing.
The
RFC, it was pointed' out, already has agreed to accept new
securities at rate of 3%% in return for its principal claim in pend¬
ing plan.
'
The committee
% >.
-
7'7:
:
For the month ended Aug. 31, this Association reports electric out¬
$3,500,000, which limitation includes the $3,*000,000 of additional bor¬
put of 50,266,106 kwh.
This is an increase of 419,463 kwh;, or 0.84%'7,
rowing which Nobo is permitted to make on additional'notes of this
above production
of 49,846,643 kwh. for the corresponding month a
series.
Release
and
substitution of collateral may be made upon
.year ago. 1\
;7;~77' 7/7 v-:y". v
7-'7.:,.7 .7
7
'v.
•
7 7
:
Gas output for August, 1942, is reported
as 407,870,000 cu. ft., an // specified term and conditions.
%
Cretain overdue
notes of the
pledged companies now outstanding
increase of 28,805,000 cu. ft.» or 7.60 % above production of 379,065,000 i
held by Nobo and all of their open account advances from Nobo
ft. in the corresponding month a year ago.—V. 156, p. 867.
77,v./, and be
will
the RFC,
to
$22,279,658
19,015,629
■/•
•" V
•
.
.
1942—8 Mos.—1941 7 ■ •
1942—Month—1941
.
.
August Production
debt of the
debt
The
609.
156, p.
responding
RR.—Payment of RFC Debt Favored
The executive committee, headed by T. C. Davis, has.asked Guy Ai
Thompson, trustee, to immediately liquidate the road's debt to the
RFC in order to make a large saving in interest and possibly reduce
Missouri Pacific
outstanding
/ 26,696,623
'
18.8%—/ .r^-
Association reports electric output
of 11,709,556 kwh.
This is an increase of 1,387,783 kwh;, or 13.45% .
above
production of 10,321,773 kwh. for the corresponding week. a
year ago.
(Latter period included Labor Day.)
7
, 7 ...
.7 / Gas output is reported at 95,317,000 cu. ft.; an increase of 10,072,000
cu.
ft., or 11.82% above production of 85,245,000 cu. ft. in the cor¬
outstanding $21,296 of first mortgage
bonds have been called for redemption as of Oct. 1,
interest.
Payment will be made at The Boatmen's
St. Louis, trustee, St. Louis, Mo.—V. 137, p. 153.
the
2,136,970
_
132,837,269
444,460
83,416,528
3,294,304, 29,101,599
,
$2,499,707
___________
^
^
$3,243,663 $19,017,933
2,26;,678. 17,014,177
.',. 3,707,092,
income.—
oper,
income
Net
—
Co.—August Sales Up
—$6,370,197
Sales
For
of
31—
Period End. Aug.
elected
Missouri Military
...••Nek
.
.
William A. McKinley,
All
57,875
,13,363,498
Operatingvtaxes;
Inc.—August Sales Up 23.75%—
.
1942—Month—1941 - 1942—8 Mos.—1941 t
$2,677,379 $2,163,464 $18,628,649 $14,923,033:;/
/' ,77,, ■ \ 7.,/"
Neisner Brothers,
7 Period End. Aug. 31—
formerly Chief Sales Engineer of this company,
Vice-President in charge of manufacturing and sales,
and R. C. Artner, Treasurer of the company, has been elected VicePresident in
charge of all financing and accounting.
Mr McKinley
succeeds Gordon Stoner who died last month.—V. 156, p. 697.
•
Corp.
Products
Dairy
(J .J.) Newberry
has been
Operating
31—
certain
military production and becomes an
program."
Vice-Presidents Elected—
New
rev.™„J_
expenses,::-
19,161,033 137,261,030
65,323
357,707
12,557,743 88,783,791
revenues™:/ 19,628,172
Uncoil,
oper.
;
7 "
1942—7 Mos.—1941 f
'
Operating
New President of
Subsidiary—
vv
/%
Christie E. Cuddeback, Vice-President of the Sheffield Farms Co.,
has
been
elected President of Western Maryland Dairy, Inc., Balti-.
more,
it was announced on Sept. 3 by L. A- Van Bomel, President of
the
National Dairy Products Corp., parent organization of the two
companies.—V. 156, p. 867.
+
'7
;; 7.'".
disbursed on April 1 and July 1, last.
During 1941, the following distributions were made on the common
stock: April 1, July 1 and Oct. 1, 50 cents each, and Dec. 23, $1.50.
The company has completed changeover from its regular business and
is engaged entirely in war production, according to E. J. Kulas, Pres¬
ident.
"Today," Mr. Kulas said, "the company is utilizing 100% of
'<<
$
Initial Dividend on
National
Like amounts were
productive capacity to vital
important factor in Nation's war
785.
.
declared the following
its
1942—Month—1941
"
•• •: v
Co.—50-Cent Common Div.—
dividends: 50 cents
the common stock; 50 cents per share on the non-cumula¬
stock, and $2 per share on the 8% cumulative first pre¬
They are all payable Oct. 1 to holders of record Sept. 16.
Sept.
on
-
•
.
Telephone Co.—Earnings—
New York
7 Period Ended July 31— "
/
on
directors
$1,242,446
$1,289,426
,
extra of 75
2280.
60-Cent Dividend—
;
-1942—12 Mos.—1941/
4%% Preferred Stock—
\ V
i Niagara Hudson Power Corp.-H-Hearing Postponed to
The directors on Sept. 8 declared an initial quarterly dividend of /
$1.183/4 per -share on-the 4%%- cumulative preferred stock, par $100, 7
October'15— ■•._%-.'•*
V "..■•••
.•/:' ■*
payable Oct. 2 to holders of record Sept. 21 (see offering in V. 156,v .
The SEC has postponed from Oct. 1 to Oct. 15 the start of hearings
p.. 82).—V. 156,
p. 698.
7
;7
; on its recent order instituting proceedings against the corporation and
its
principal
to determine
the
Hudson
Mutual Broadcasting Co.—August Billings Off—
,,
\ System set-upsubsidiarieswith,^provisions whether PublicNiagara Holding
complies
of-the
Utility
Time
sales of the Mutual Broadcasting System in "August,•• 1942, 1
Company Act.
/ </■';..%•, ,/'•
•. •• ;....,/. .-.7,
.
.>. ..
amounted to $518,226, a decrease of 2.6% from the August, 1941, total
"...At the same time the Commission,, acceeding to the, request of
of $532,056.
Niagara Hudson, extended to Oct. 1 from Sept. 15 the time within
Billings for the first eight months of the current year
amounted to $6,384,634, an increase of 58.6% over the corresponding J which answers should be filed by the various Niagara Hudson com-?
panies to the Commission's allegations.—V. 156, p. 867. . • . . . .» . /, "/
period last year when time sales were $4,024,680.—V. 155, p. 1841.
v
Steel Products
Midland
The
$2,863,761
2,015,924
Co.—August Sales Up 14.40%—
1942—Month—1941 . 1942—8 Mos.—1941.7
$6,156,258 $5,381,440 $44,570,656 $36,565,654. ..
company in August, 1942, had 207 stores in operation as com¬
with 204 in the same month last year.
7 <
J •••'"V/'
The
Sept. 12 paid a dividend of 60 cents per share on
the common stock, to holders of record Sept. 4.
This compares with
30 cents paid on March 12 and on June 12, last.
Payments during
1941 were as follows: March 12, 25 cents; June 12, 35 cents; Sept. 12,
50 cents, and Dec. 12, 75 cents.—V. 154, p. 153.
company
pi
156,
Sales
Co.r—Extra Distribution—
Meyer-Blanke Co.—Pays
The
$3,002,714
2,154,435
_™
—V.1156, p.'609.
1, 1942, one cf $1.75 on Jan. 2, 1942, and
centjs in each of the three preceding quarters.—V, 155, p.
■'7
287,363
(G. C.) Murphy
declared an extra dividend of 50 cents per share
and the regular quarterly dividend of 75 cents per share on the com¬
mon: stock, both payable Oct.
1 to holders -of record Sept. 15.
Like'
amounts were disbursed on July
1, last.
An extra of 75 cents was
.
$413,991
321,359
Period End. Aug.
directors have
paid on April
53,100
10,931,907
2,994,083
accruals
reserve
1
dividends, amounting to
Mead Johnson &
The
64,392
12,412,246
3,444,409
$446,025
income——.
oper.
retire.
after
1
.
7 ,-j
«
255,363.
. 305,070
Net
income -,-™;™7
126,004 ,/
144,687
Note—Results of operations since. Jan. 1, 1941, included, above have,
been adjusted for comparative purposes.—V. 156, p7 698.
77 .. 7 >,
6,006
1,658,609
439,462
9,405
1,929,029
income
Net
$3,172,254 on Sept. 9, will
surplus prior to the change in. the financial structure of
See also V. 156, p. 697.
•
; ,,
paid: from
revenues"™
inc.
Gross
'<•
538,362
revenues
expenses—
Operating taxes
for unearned premiums.
It was further stated
interest payments on certain debentures all
bonds had been paid or provided for.
The
interest on the remaining debentures is estimated to average approximately:r$300,000 per year until Dec. 1, 1953. This amount may vary
if the guarantor purchases any debentures for
cancellation prior to
/
revenues
oper.
Operating
reserves
mortgage
the
Telegraph Co.—Earnings
1942—Month—1941
1942—7 Mos.—1941
$2,922,821
$2,518,068 $18,923,761 $16,842,851
Mountain States Telephone &
V •;
'
1942^-Month—1941
$103,930 " $97,731
"J
15,269 «,
14,290
6,900;
2,466
July 31—
Period End.
Operating
the stockholders,
excluding
that,
dividend of $1 per
Co.^-Earnings-r^
Richmond Gas
New York &
share.
to policyholders
$2,544,793
additional
1$, lagt, disbursed, an., extra
the company on Dec.
'^relative to the new financing stated that the surplus
as
of
July 31, 1942, was $9,546,478 consisting of capital
and surplus $7,001,685.
The surplus shows an increase of $1,864,060
as compared with $5,137,625
as of Dec. 31, 1941.
The President also stated that the premium income increased 15.8%.
This large increase in premium volume necessitated the setting up of
be
Monday, September 14,1942
»
•
"i.
The,
on
CHRONICLE
.
Ohio
.
possession of the Northern RR. without,
of the iatter's security holders a penny
516.
Associated Telephone
Ended July 31—
Operating revenues-™
Uncoil, oper. revenuesOperating expensesOperating. taxes———'
7. Period
.
Net
—V.
r>Der.
income.—
Co.—Earnings
1942—Month—1941
$74,078
$81,590
57,557
$7,708 7
,1942—7 Mos.—1941
$562,6^5
$512,659
180
102
16,223 '
the, Erie's .having
for it,"—V. 156,
,
•
673
1,230
48,803
711,865
352,448
323,615
94,964
74,653
$114,610
$113,161
$13,230*
156, p. 699.
x
<
<1
n
1
r
Balance Sheet, June 80,
(Del.)—Weekly Output^—
Power Co.
Northern States
Assets—Cash,
output
.
.
.
Telephone
Bell
Ohio
-
..
Co.—Earnings-
1942—Month—1941
1942—7 Mos.—1941
Operating revenues$4,971,360
$4,512,459 $33,944,080 $30,745,379
Uncoil, oper. rev—
10,598
10,472 73,831
"65,836"
Operating expenses——
3,065,409
.2,761,402
20,251,383
17,828,351
Operating taxes
—
1,009,142
905,806
7,343,312
6,863,220
.
$886,211
: $834,779
$6,275,555
876,622
798,336
6,314,807
total,
$6,371,193.—V.
153,
Ended
Months
6
June
Earnings—
sales
Net
Cost
Taxes
$37,011,835
—
of
53,130
50,025
1,574,951
106,954
187,984
177,849
382,175
355,223
113,938
Operating
Other
18,208,695
Operating profit
5,103,641
$9,335,114
$6,737,001
and depreciation—J—£!'
———
607,906
105,720
230,912
$9,943,020
Interest
$7,274,969
Interest
——:
funded debt—
on
128,413
150,934
892,133
1,008,674
333,026
116,555
Cancelled unoperated leases & lease rentals—.
Non-productive wells
—
Miscellaneous
charges !—...—
———>
Provision for Federal normal taxes on incomeMinority interest in net loss of subs
-
103,299
divs.
Profit
per
"Includes
,
taxes
No
income.
on
provision
Cr245
subs.
Dr774
.
X
Net
Cash
i.
Notes
—
and
at
Refined
&
4,982,396
3,365,698
and
other
87,073,457
461,528
,159,870
753,282
Accrued
taxes
and
Federal
taxes
on
Purchase
debt
Deferred
T;
—
210,355
of
in
&
■*-■ "!
on
Mills
Pacific
33,034,159:
sold-
of goods
taxes
income
Net
Dr791
10,177
21,972
86,983
300,000
*
_
-
cap.
■:'!•'
"Loss.
'
"
•
$2.22;;
.7'.;/■
■
:
Revenue
Airways'
cents per revenue mile
81.99
Latin-American
company's
The
Board
said
the
rate
will
cut
1
,
increased
•/.
amount
to
sold
&
XX%XX'Y:;XX XX'
Consolidated
Balance
Sheet
deposit for
$968,575
.9,881,852
14,982,566
1,011,748
purchase of war bonds—
deposit with mutual cos
Long-term notes f acets rec. & .invests..—
♦Property, plant & equipment (net).—_—i—
Prepaid & deferred items.li—-u_:
r
Insurance premiums on
the
to the capital account, or a conn
transfer such earnings
or
;
of both.
\
V
;
rate the Board reviewed the financial history
routes from Jan. 1, 1929, to May 31,
new
Latin-American
carrier's
v—
-
7 215,866 ;
;
189,861
41,451
96,561
10,866,465
' 10,061,238
■
'
111,769 ;*
.';v
98,832
—-liv $39,741,625 $37,291,234
-_————-——-
Liabilities—;;
V.'
'
30,
1,
other
f 'X'
X'
counts
434,776 ,
deral and State taxes—est,-^,V——2,620,737
iployees' deposits for purchase of war bonds.>
52,150 V
serve
for contingencies—-1———11'—V—./V 2,500,000
liabilities
crued
t-
19,806,150'
———-.—'————1—.ll—ll—
surplus'
Total
.
(396,123 no par shares)^—i——1
5,626,832
pital stock
*
—
n
$5,675,000
2,023,101
452,515
1,578,591'
"
;;
.
'
;
.
.
Earnings for
on
the 6
.
Parke, Davis & Co.—Secondary Offering—Smith, Bar¬
& Co. and First of Michigan Corp. offered after the
close of business Sept, 9 a block of 100,000 shares of
common stock
(no par) at a fixed price of 23% net.
..Dealer's discount 75c. The offering was oversubscribed.
The stock it is stated, came from the estate of David
C. Whitney.—V. 156, p.
S:\
ney
stocks.--—
:
Pennsylvania Power & Light Co.—Earnings—
.
Add
—
expense •
from sales of. securities
$3,702,054
$3,499,457
*1,881,417
1,856,463
610,338
expenses-—!
Other
2,894,309
163,311
2,050,080
1,969,403
237,500
237,500
2,850,000
2,850,000
1,398
1,290
16,107
15,042
retirement" re-
appropriations,
••serve
6,879,350
169,714
taxes
Property
1942—12 Mos.—1941
$45,102,753 $42,417,846
22,649,641
20,721,281
273,581
:
♦Federal.taxes
v
investments—'
term
Net
income
■
on
income..,—
19,207,739
10,589,265
13,065,000
3,685,000
6,142,739
6,904,265
on
applicable
119,568
1—
preferred
!.
(net)
income
$801,687
$967,312
3,422
Net voper.-.r revs
Other
611.
iGross
Interest
Interest
2,098
—
$10,657,575 $13,967,811
43,140
50,376
$805,luy
$969,410
bonds
277,083
277,083
3,325,000
3,325,000
debentures-
106,875
106,875
1,282,500
1,282,500
income
-
mtge.
on
on
Other int. and deducts.-'
to
,2,743,984
7,027,984
2,743,984
$2.28
stock--
common
Shares of common stock outstanding
—
$2.56
"
Note—Federal
taxes
for
1942
are
under
computed
passed by the House of Representatives
as
Sheet
June
on
Federal
the
39
1941
1942
$
$
22,387,011
24.561,416
641,464
649.419
99,424,615
banks and on hand
receivable—trade
Accts.
—
73,722,581
misc.—
&
Merchandise
and
in
Investments
99,779
to
advances
subsidiary
5,434,072
98,142
14,824,148
13,305,069
5,557,975
cos.
Mortgages receivable
Fixed
(less
assets
Deferred
Tax
July 20, 1942.
;
Assets—
depreciation
charges
&
amort.)——„
703,780
789,327
—143,638,771
118,560,027
29,675,449
23,739,145
22,741,577
6,247,653
2,439,667
33,822,767
2,433,659
33,822,767
—__v—' 53,926,335
1,032,975
51,542,730
1 774,072
———
—
—!
—
Accounts payable &
Provision
for
stock
Common
Earned
J.
taxes
income.—
on
etc., & empl. death benefits
(2,743,984
shares)—
par
no
surplus:
C.
Penney
company—————
Undistributed
Total
-V.
accrued liabilities———
Federal
for
fire losses,
surplus
of
subsidiaries—!
———.
—_
•
Perfect Circle
Co.—Smaller Distribution—
directors on Sept. 3 declared a dividend of 25 cents per share
162,500 shares of outstanding capital stock, payable Oct. 1 to
holders of
record Sept. 18.
This compares with 50 cents each on
the
on
April 1 and July 1, last, and 60 cents on Jan. 1, 1942. Disbursements,
during, 1941 were as follows: Jan. 2, 50 cents; April 1, 40 cents, and
July. 1 and Oct. 7, 50 cents each.—V. 155, p. 2187.
Pet
Co.
Milk
(&
Subs.)—-Earnings—
3 Mos. End. June 30—
Net sales
Costs
15,186,310
expenses
Depreciation
——
$8,829,568
$7,214,968
7,926,290
6,481,449
13,604,624
200,848
195,022
183,940
$1,256,006
$708,257
$549,579
218,494
,
1939
1940
1941
1942
$16,822,735 $15,061,478
——
&
•
—......!_U.:. $1,417,931
Profit
Other
1,643
1,674
1,169
858
$1,419,573
$1,257,680
$709,426
$550,437
income
Total
income
...
Interest
Fed.
1,352
income
Excess
etc...
tax.,
profit
interest
Minority
•
9,314 \
./
6,131
155,559
244,205
881,952
.
surtax
&
Net
profit
400,000
680
$380,031
5,113
102,010
145,211
■
■::i\
;
^
748
927
$606,417
;■
.....
612
$442,702
110,338
110,339
110,338
T $237,818
$496,079
$443,814
$332,364
$1.25
$1.00
'
Surplus
Earns,
$554,153
110,338
—
dividends
31,875
—
dividends——_ *
Common
——
■*-
sh, on 441,-
per.
stk.
com.
(no
$0.79
XX':VvXvVv
$1.37
Consolidated Balance
-
struction
$10,700,715 $14,018,187
92,319
95,109
1,131,241
1,222,710
Crl4,343
Br7,967
Cr79,683
Cr80,779
$343,175
-
_!_i—
Net
income —
!
$482,376
$5,041,657
$8,268,756
applicable
to
stocks.,.——
3,846,532
Misc.
and
tReal
hand———$1,743,144
on
occounts &
receivable—.
notes
$1,195,125
$4,422,224
"Includes
rr-—:
$3,427
stock—cash.
95,134
V.
156,
provisions
month
additional
p.
to
517.
and
——
for'Federal
for
$875,000
•
•
-
*
income
the
amounts required
the
12
taxes
months
under the
,
of
$125,000 for the
July 31, 1942,
ended
Revenue
"
Act
of
1941,—<
4,552,912.
25,593
3,669,137
695,839
775,562
bldgs., mach. & equip..——
8,637,824
,r—831,347
charges to operations
244,729
Deferred
7,870,196
—
——
-
advances.——
&
—.
Total
—r..........
r_
.......
«
24,894
831,347
208,196
$24,256,994 $19,098,199
LiabilitiesNotes
payable
&
$600,000
2,915,603
153,680
—
—
——
salaries
Accrued
wages
taxes
—,—
taxes
Reserve
for
on
insurance————
251,552
160,765
1,059,855
264,006
191,229
2,539,186
272,629
payable..———:
;—,
income.....—......——
accounts
Federal
$1,500,000
2,349,065
102,916
206,663
(currj..
payable, to banks
Accounts
——
Minority interest in sub, co.——2,601
414% cumulative preferred stock ($100 par)...
3,000,000
(441,354
stock
Common
Capital
surpus
Earned
no
par
7,798,534
60,000
shs,—
surplus
—————.—,
6,516,870
—
—!-__.X-——I.—
Total
2,697
—..."
7,798,534
..—..
5,608,809
$24,256,993 $19,098,199
discounts of $137,356 in
1942 and $142,330 in 1941.
tAfter reserve for depreciation of $8,294,*702 in 1942 and $7,773,831 in 1941.—V. 156, p. 84.
doubtful
for
reserve
& Trading
Petroleum
and
accounts
Corp.
(& Subs.)—Earnings—
1942
6 Mos. End. June 30—
Income:
Cash
Oil
&
Total
dividends
royalties
gas
income
&
int.
on
state
before
city
income
sheet,
$43,854
4,253
4,608
$35,045
0)10,760
$38,146
$24,285
......
—!~
4,555
$37,823
323
securities—
for the period—.......
40,909
stock-.——
as
carried
in
the
marketable securities,
exceeded the quoted market value by $934,302 at June
Dividends paid on class A
N0te
(i)—The
cost of
balance
4,409
$46,669
4,238
expenses.—
taxes—+—••...
profit from sales of securities
profit from sales of
Net
1941
$39,445
4,599
;
———
and
$42,069
bonds_.
(less depletion)
:
administrative
&
Federal,
Income
—•——
$1,140,362
79,002
receivable—.——
—
estate,
Goodwill
Net
Balance
4,122,827
employees & agents..__—20,366
—;
7,881,916
accounts
from
Due
1941
1942
banks
in
"Customers
3,846,532
preferred
80
Sheet June
•Assets—
Cash
General
—$115,277
;
'
261
143,638,771 118,560,027
611,
156, p.
con-'
Interest charged to
1942
—-
123,719
6,262,307
—
Earnings per share of common stock——,
♦After
current
10SS,
on
subsidiaries
of
profits
Sundry
—--—-—-—■
'
terest
/idends
1942—Month—1941
July 31—
revenues!-Hi'1;
Operating
—$115,538.
f-''
49,757
—-111-—4 ■" ' 39,553
—
: ..i v 29,655
Total
^et
10,149,342
439,922
(net)
Balance
Accrued
\
Dividends
ss
770,859
inc.
income—.
Fed. taxes
taxes
Fed.
Inventories
5,255,877
.
Months Ended June 30,
bonds—
penses
1,954,319
583,898
par)
the first quarter of this year and with 52,357,462 in the
ended June 30, 1941,—V, 156, p. 84.
three months
2,500,000
Investors, Inc.—Earnings—
'
terest
2,205,753
$39,741,625 $37,291,234
Pacific Southern
vidends on
300,771
686,455
income—
on
—
for
Prov.
354 shs.
its
19,806,150
determined, less depreciation of $15,367,544.—V. 156, p.
be
133,638,671
repairs.—
Amortization of limited-
account of $26,234,010 represents cost;as nearly as
"The gross plant
,j
178,496,121
gen.
pureh., int. rec, & misc.
on
Preferred
1942,
after payment of Federal taxes.
1942,
Operating
payable' —-- ; $6,425,000
paya:ble —2,275,980
tes
&
146,727,^59
exps.—.
815,366
&
American
Pan
Sept,
Period End.
Total
sell.
payment
-
52,150- "
————-^
,
&
American Airways reports
Pan
.
Jan.3,'42
1,402,205
Supplies
employees
v,;
Th?
devoted
be
the
74,975,995 in
arc
June 27, '42
..6—$1,398,015
Accounts and notes receivable (net)-6,/• 8,707,236
Merchandise inventory
16,946,468
'•
*•' '*»•>
1941,'
1942
& amortization
than Fed. taxes
Depreciation
about
'
war
that during the three months ended
airplanes flew a total of 8,296,418 miles compared
with 7,596,499 in the first quarter of this year and 5,839,769 miles in
the second quarter of last year.
Passenger miles flown in the three
months ended June 30,
1942, amounted to 87,769,153 compared with
$0.15
•
Assets—
on
.
18,436,880
Maintenance
Res.
Mileage Flown Gains in Second Quarter—
■:
Nil
Cash'
Cash
the House of Rep¬
passed by
as
,
Penney Co.—Earnings—
Investments
Condensed
1942
868,
p.
Liabilities-
mail
annual dividend of 7.82%.
> June
figured on the basis of the new 1942
Bill recently passed by the House.
"
Noteir-Federal taxes in 1942
Ordered—
American
the Board found that the carrier had a
■f: recognized investment of $14,204,895
and indicated that reasonable
earnings on this amount under present war conditions will be $1,420,-
$59,846
"$70,177
'
$2.64;
.
the
over
$7,192,202,
Crl63,891
$1,044,951^7;
$886,034
stk.—
Pan
the mail rates from
' :
490 per year
Drl~16~457
18~701
in
has been ordered by the Civil Aero¬
had earned an average annual net of
before Federal taxes and 15.32% after taxes, and paid out an
>1
shr. on 396,-
per
shrs.
123
156,
$
Total
'
pointed out
Beginning
1,600,000
3,536,880
slash
drastic
a
establishing the
the
of
200,000
•
profit
Earns,
$238,314
^$0.-47
profits taxes amounted to $643,997
excess
Revenue Bill of
on
mdse.
Cost of
Cash in
average
594,942
Dr
based
(J. C.)
Bill
1942, and stated that during that period, on an average net investment
$942,562
516,149
Dr9,28S
—
to
20.75%
$613,340
501,254
:
1,
reduced
not
bination
19,015,124
J9rl9,116
$3,291,955
147,516
Sept.
Accordingly,
In
586,885
adjustmentj—
Disp. of fixed assets—
in
to the personal interest of the, stockholders
of dividends.
Board suggested that in addition to maintaining
its capital stock: account Pan American establish a
special reserve
account to which
shall be credited an amount equal to the excess
.
State
&
Fed.
for
Prov.
result
;!V
mail.
■
through
Crl33,207
Inventory
may
■
Board
should
'r
X
21,679,817
23,357,246
■
$5,042,810
oper. profit—.—
depreciation —
Net
Int. & other inc. (net)i'
Other charges !.!!——
probability
all
proposals
increased taxes
tRevenue
it is impossible to determine the extent
be too high or too low.—V. 155, p. 2284.
time
estimate
cents
S.
U.
of
Plant
in
Act.
Revenue
the carrier to place certain restrictions on the use of such
earnings found to be excessive, emphasizing that these excess funds
should be used to serve and develop public air transportation and
;
June 29, '40 July 1, '39
Net sales ..!.!—$38,136,969 $32,649,201 $22,293,157 $19,957,685
Cost
17.83
June 27, '42 June 28, '41
»
will
this
At
Board
earnings,
Subs.)—Earnings—
(&
.
$0.40
$0.20
1941
expects
Manager
Sept. 1 by O. Kinz, President.—V. 156> p. 83.v'/'-!';''1
6 Months Ended—
$602,842
$4,356,000 recaptured.
Instead, as in the recent Panagra Mail Rate Case decision, the Board
"'V...7.
counselor for
Vice-President
of Oppenheim-Collins Brooklyn store, it was
General
and
announced
$0.06
under
rates
at
-?•'
Board.
The
Miller, for the last two years merchandise
Koch Co.," Toledo, Ohio, has been appointed
B.
George
$480,207
$0.24
$299,803
88,920
traffic in express, mail, and
passengers was resulting in constant heavy pay loads on the carrier's
Latin-American divisions.
During the pendency of the rate proceeding,
according to the Boafd, Pan American had excess earnings of about
$4,356,000 on an average investment of approximately $8,442,000.
The
Board stated,
however, that it will not order the excess profits of
: "1*
LaSalle
$196,013
88,920
44,460
$3,366,000.
1942
2011.
■
44,460
,
Congress
this
The
of
Oppenheim, Collins & Co., Inc.—New Manager of Store
*
1942
Net profit before
;
59,235,791
7,318,595
13,460,977
■
tAfter reserves for depletion and depre¬
and $173,127,635 in 1941.—V. 155,
only.
" 7
59,235,791
6,530,970
$178,454,187
of
by pub.
70,607
20,769,497
receivable
♦Accounts
ciation
Note—Federal income and
in
resentatives.—V.
Disc,
21,323,300
—————————————-$125,119,139$123,807,183
Total
$0.68
141,000
86,500
tax—
52,531
;!———.——
—.—
$0.99
5,338
14,613,000
"
p.
15,500,006
274,207
———,—-—!——
surplus
1940
$305,952
$0.41
share
325,500
divisions from
Brownsville, Texas, to Trinidad, via Mexico City and Balboa, Canal
Zone; and from Miami to Buenos Aires, via Rio de Janeiro.
The Board estimated that under the new rates Pan American will
receive $1,771,000 for the transportation of U. S. mail for the year
starting Sept. 1.
Also, it will receive about $1,773,000 in direct pay¬
ments
from foreign governments for transportation of foreign mail.
In 1941, Pan American received about $6,910,000 for the transportation
500,000
—
Earned" surplus
:
1,012,597
———
Minority interest in subsidiaries
Capital stock and surplus:
6'a
cum.
pfd. stock ($100 par)
Common stock (6,563,377 no par shares)!.;-Capital
before
nautics
2,009,216
14,000,000
———
liabilities
5,760
344,500
v
stock
held
Effective
$3,665,744
1,062,504
4,315,924
—•
estimated—
payable.—...
obligation
Funded
2,669
158,000
2,881
160,700.,
addit.
rates over Latin-American routes
to
$3,764,714
interest—^
income,
395
Pan American Airways Corp.—Rate Cut
XX*.'
payable •—*!.!.
Accounts
'
,896,247
$125,119,139$123,807,183
Total
'X
6J939
1941
$395,231
,766.243
tProperty, plant and equipment at cost.——
charges ——.—_——!_!——!—!!
;■
117,438
326
:';-The directors have declared a quarterly dividend of $1.25 per share
on the common
stock', par $100, payable Sept. 30 to holders of record
Sept. 18. This compares with regular quarterly dividend of $1.75 per
share paid on this issue from March, 1940, to and including June, 1942.
President N. R. Powley stated that there was need for conservatism
in the face of uncertainties and tax obligations.—V. 156, p. 699.
,683,563
Deferred
Liabilities—
Subs.)—Earnings
(&
1942
$210,230
Balance
'
1,911,031
r
assets—
110,974
164
Pacific Telephone & Telegraph Co.—Smaller Common
/
,926~927
; 4,074,135
,!—!_!_—/': 5,470,695
supplies
Glass Sand Corp.
—
♦After allowance for depreciation, depletion, bond charges, etc.,' ft'rfd
provision for income taxes and excess profits tax in 1942 and 1941.
Taxes,
profit
which
,012,905
cost—.—
products & mdse;—,
Investments
pfd.
co.
legislation^
,780,048
■
,
oil
Material
58,096
211
,
applicable to all income earned during the year 1942, and accordingly
an
estimate has been made of the, effect on profits of this pending
$7 ,828,097
7,357,528
1,467,918
notes,
54,864
-.
tax—-
income
Dividend—
$8,954,754
less reserve——
receivable,
profit
16,972
$1 140,434
net.
co.,
income
"Estimated
now
1941
1942
:
securities
Short-term commercial
Crude
•
.
„
—
accounts
Marketable
$4,776,815
. 815,823
1,640,844
$0.60
.V.-V'I /. 'YX; XX/rt
v
.,
-vv!
Assets—
25,648
$1,171,687
Earnings per share com.
Sheet, June 30
Balance
Consolidated
8,316
$563,192
disct, &
of subs,
Divs." on
anticipated increases in Federal
has been made for Federal excess
profits tax in either period.
10,389
charges.
debt
Federal
for
provision
$825,000
$1,123,462
$545,628
funded debt
on
of
exp,
1,127,224
paid on preferred stock——.—— V
636,208
paid on common stock——
1,640,844
.share common stock..,—, ; $0.79
divs.
156,
93,994
♦2,643,199
to surplus.——: $5,843,194
Net profit for period
.
Cash
Pennsylvania
6 Mos. End. June 30—
——
tRes. for possible
•
Cash
96,117
$554,876 -$1,146,040
$535,240
etc.—.
interest
♦Federal
Total■ profit
.
trustees.—V.
voting
84.
P.
214,569
713,387
rentals,
income
Amort,
537,968
.X—~—--4'
.....———L——
income
is agent for the
Y. City,
200,538,018
Total
Other
Other
income—
income,
interest,;
^
1,384,188
3,917,811
1,589,882
•
Provision for depletion
—
N.
$16,028,638 $12,038,999
profit on sales—..—..——.!——
Gross
amort.
&
1952, as provided for in the
Chemical Bank & Trust Co.,
voting trust agreement to June 1,
10, 1942.
Broadway,
•
'
$30,247,694
—20,983,197
—
$3,175,8S5
1941
1942
the
165
1,386,494
819,397
1_-
depl.
$3,441,032
$1,601,857
$1,709,689
revenues-
1932, expired on Sept; 1,
1,
extension agreement dated June
Earn, per common
1942—6 MoS.—1941
1942—3 Mos.—1941
Period Ended June 30—
Operating
Deprec.,
30—
of
6 Mos. Ended June 30—
Pacific Public Service Co. (& Subs.)- —Earnings—
$5,987,972
5,829,039
Corp.—Voting Trust Extended—
trust agreement dated Sept.
voting
except as to those holders of voting trust certificates who have
heretofore consented or who shall hereafter consent to the extension
1942,
♦Net
Operations
(& Subs.)
The
640.
p.
Maint. and repairs—
Ohio Oil Co.
Park Place-Dodge
'
investments,
$1,201,272;
% Liabilities—Accrued interest and taxes payable, $13,301; note payable
to the Chase National Bank of
tbe City of New york (due July 2,
1945;
Interest at 2'/2%
per
annum;
assets pledged
as
collateral),
$3,000,000; $3
cumulative
preferred stock (62,915 no par shares),
$629,150;
class A, $2 cumulative common stock
($1 par), $163,856; class B
common
stock (10 cents par), $53,687;
capital sur¬
plus, $1,345,437; earned surplus (since April 25, 1932), $1,165,762;
period Ended July 31—
Net oper. Income.
et income__
-V. 156, p. 610.
1942
accounts receivable, $35,633;
$5,130,308; prepaid expenses, $3,980; total, $6,37.1,193,
of the Northern States Power Co. system for the
week ended Sept. 5, 1942, totaled 36,914,000 kwh., as compared with
32,507,000 kwh. for the corresponding week last year, an increase of
13.(5'a .—V." 156, p. 867.
Electric
;
963
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 156 v Number 4107 r
10.817
THE COMMERCIAL & FINANCIAL. CHRONICLE
w
30, 1942. and by $887,579
at Dep. 31,
1941.
Premier Gold Mining Co„ Ltd.—Smaller Piv.—^
r2) Cost of securities sold
during the six monthsfias beeri computed on the" "first-in, first-out"
basis.
No reserve for 1942 Federal Income taxes has been established
by' trie companies at this time.
1
Assets—Cash,* $72,296;
dividends,
oil
and
cumulative
$137,382;
state
prepaid
franchise
state
/
••
stock
taxes,
$4,693;
class
$1.25
A
($5-par), $538,390; class B
capital surplus, $2,308,
valuation of securities owned at
(10,000 no par shares), $7,500;
operating
cost*,
,jf>r$256,493; total, $2,602,104.—Y.; 156, p. 436.
deficit
(based
on
r
,
„
,
.
•
Philadelphia, Newtown & New York RR.—Bonds Ex¬
,
tended—
•
.
.
1942^-6 Mos—194J"
provision for estimated Federal' arid state income arid
.
measure
a
before
now
large extent upon the. terms
Cringress,"—V. 156, p. 699.
,
of
the
Chicago
Tenders—1
37,259
excess
••
^
St.
&
•
••7
/'
*
Ry.—
Net"! operating
income
*
Interest
—A;
•;
of* net
Amort:
cost
settlement
long-term lease :
(,VF
1,510,702
b'
2,658,852
'
V,
717,612
'
■■
commission, less $1 concession to"
the NASD.—V. 156, p?,868.,
" v,
/ /,
Coal "mined
33,007
14,462.,
26,958'
39,399
■*,
$1,553,768
Period End. June 30—
Total
oper.
..Operating
$2,889,790
$2,938,635
..
tons)——.
of
(no',
201,431
1942—3 Mos.—1941
stock
($1
common .stock
acchials;
($12:50
stock
A
,
par,
/The appointment
;/*.
J
^
*
R. Marra' as Executive Assistant to* the
/Aug. 31 by L. O. Head,c< President' Mr,
Marra, who has been Superintendent of organization and Chairman of
President
of
John
announced
was*
on
the agency's staridard practices committee,
will* succeed; Stanley ,/F;
Pitcher, who has been made General Manager* of the Gulf department
with office in Atlanta: R. S. Hampshire-will become Superintendent
of organization.—V.
156, p. 869.
.*
-
Rand's, Pittsburgh—August Sales Up 9.22%—
Period Ended
Sales
—V.
$1,720,235
$7,758,476
909,215
814,141
3,571,154
than
156, p. 517*.
inc.
:
224,027
159,216
107,864
taxes-^.
215,526
20,239
exc.
profits* tax—
Criarges in lieu of inc.
&i exc.. profits taxes-
1
83,314
$454,158
Net eper. income——
,
income
967,550
Total
int.
the
in
war
the
and
public
for
reasonable
a
Net
Prior
f
Profit
26$,870
net of other
189,327
/ $526,242
/
$2,173,473
time- thereafter,
interest;
.
26,249
94,948-
$552,490
$2,268,421.
161,585
171,557
661,021
$2,600,220
763,608
v—«
"$316,567
$380,934
$1,607,400
Earnings
The
taxes
•Federal
—
pther taxes
Prop, retlr. re3.
pther. income,. net
'
,":i'
Gross
144,839
$4,251,778
5,460
22,917
:>■
123,920
i
.Net oper.
••--■$■79,951--'
DrZ2o
,Dr313
•;
$79,638
*
37,0*12
,
deducts..
$68,827*
38,190.
• f
3,903
constr., Ct
chgd; to
$69,152*
—,
'f,'."
mtge, bonds
and
int.
7,353
*
income
:
$1,004,466
v 448,7.15
.
,
,
271,... -67,600.
$28,430
■[Dividends applicable to preferred stocks
$585,856
33,314
*
-
*
1,037
'$327,625
430,167
-Balance
jL-.i,—-^.1——.
■
Other "income
$155,683 '
$6,429,540
Interest
Loss' on
3,350,603
Special
for
1942
"
Federal
$944,967
(normal
income
and
taxes
for
"
See; V. 156,
p.*869,Z
;
Z.
^
R. C. A. Communications
Total,
share "on 7/y-
Total oper. deducts.,
Period*
preferred'Stock arid $0.75 a f hare .on 6'« preferred stock
declared for payment on Aug, 1, 1942.
Dividends on these stocks arq
'cumulative.
tDeficit.r-iV. 156, p. 437..
■
'*
V
416,996
,
19,571
credits"
$162,362
[$5,144
07.230
016,729
applicable; to
—
'
—
—
70,000
,
and conting..
80,000
$19,601
—r———,
preferred stock dividends——
a
—.
charge of $136,587 in 1942 and $146,819. in 1941
[Loss,
-
.
hand
on
$1J.,5?8
46,828
and
iri
banks,
accounts receivable
.
;
June%30/1942r "
$765,239;
U.
S,
'
Z
'
doubtful
Treasury
cer-*
(less Treserve
accounts. $72,505),
$27A(782;
under
war
contracts (less reserve for depreciation^
prepaid expenses and deferred, .charges, $229,240:
patents and trademarks, $1; total, $5,799,873.
,
$317,718; machinery contracts payable;
$237,027; reserve for Federal,: State and
liabilities,
and interest
(less U, S. Government Tax Anticipation; Notes*
plus accrued interest $51,419),
$283,574; due to branch managers and
other; employees, $32,335; employees' deposits—re purchase of U: S.
Government Defense Bonds; $14,644; customers' deposits, etc.,
$13.592;*
deposits, unclaimed wages,- etc:, $6,180; 'reserves, $245,preferred stock1 ($100 par), $1,139,909; common
stock
($5 par), $890,220; paid-in surplus, $890 220;
capital surplus;
$1,256,548; earned surplus since Dec, 1, 1036, $459,743; total, $5,799,873;
—V. 155, p. 2286.
*
;
?:
/ • •
miscellaneous
100;
$5,584,045*
$5,032,533
3,295,635
502,452
14,7,424
certain
of
Liabilities—Accounts payable,
1942—7 Mos,—1941,
$80S,788"
$671,136
revenues—
credits
loss
2,992
•
:
5,015
$93,891;,
local taxes
Inc.-*-Earnings—'
1942—Month—1941*
EndeJ July 31—
oper.
Z':; ,f 2,337
2,9,147
..
^ [$2,152
to ? production
goodwill,
f
^
con v..
[$3,1,299
.
$336,709
Consolidated Balance Sheet,
and
$6,773),
*
"
.
for* returns,• allbwmerchandise invenZ
tary—at the lower of cost or market,, $1,719,010; inventory allocated,
to ptoduction under war contracts—raw materials, findings arid goods
in process, $95,428; miscellaneous accounts receivable, loans arid ad¬
vances to employees and branch-managers;'etc. * (less reserve* for doubt*,
ful
accounts $72,232),
$5,493;- investments—af cost, $100,4521 land^
$203,126; buildings (less reserve for depreciation* $659,680), $931,678;'
machinery and equipment, fixturev etc. (less Teserve for*depreciation?
$3,008,790), $1,236,532; "machinery,, equipment, fixtures? fefco.Z allocated
^
week's."Chronicle", are for the six months
'
with
——
tificates, $145,000;
$4,572,071
4,603,370
if 2,5,91
production—!.—.—
possible future losses
'
wW
:*n".
'!
war
and
cumulative
ances
are
•
4,588,494
?■
194i
'
1942
-r
(net)
•for depreciation,
t$45,340
surtax)
'$0.80
;
$4,882,612
assets^——Z„——/
•Included herein is
1,583,970*
(& Sub.) ^-Earnings—
1942 and 1941.
.
^ '[Dividends accumulated and unpaid to" July 31, 1942, amounted to
"$3,372,509, after giving- effect to dividends amounting to $0.88--a
..
profit
Net profit
7 ',v
550,000
.1,583,970.
•
$0.54
and .its
(& Subs.)—Earnings—
discount—
and
Reserve
$2,088,630
The earnings given in. last
'i
445,218
$1,085,552
$834,983
'
:
company
30—
Provision for income taxes
'
—
the
wU—.—-—,—
sale of fixed
prior years
;
3,357,522
—
$482,992
V
$0.18
Of
Net profit before spec, profit and loss
upon
ended June 30,
."Includes
'484,322
'
851,364
$294,119
plant facilities to
$5,446,152
279,275
requirements-—.
sheet
(——T,T;-—--T-——.
$13,073;* accrued
$$102,542
provisions for Federal, taxes of $6,000 for the current
month and $42,385 for -the 12 months ended July 31, 1942, additional
to the amounts required under the Revenue Act of 1941.
.
.
M
Ended June
Idle plant expense,-^
Expense in connection
064,412
$494,716
————
profit
Profit—Z—
$5,510,564
v
278,784
Quebec Power-Co.
.
139,342
•
351,973
•
Operating profit
the 1941 Revenue Act plus art added provision of approxivmately $315,000 for additional taxes which may be required under the
proposed 1942" Revenue Act.' This-additional amount is being spread
monthly upon the basis of taxable'income.
The companies do not
Consider that'-they have any liability for excess profits taxes. For Comr
parative purposes Federal Income taxe4 for* each month nf 1941 have
been restated to'give effect to the Revenue Act enacted in September,
1941.
[Deficit.—V. 156, p. 869. (
*
*
'
'
•
,
467,63T
t
430,167
—,
based
$827,533
■
$6,371,413
58,128
$535;i78
.dividend
•Accruals
t"
f)r3,222
37,495
net
1942—12 Mos.—1941 !
$256,394
$215,440
$3,073,937
dividend * requirements——Z__l 1
' 550,000
preference
Balance
39,622
Sales, less returns, allowances,-discounts, etc.—
.♦Cost of goods sold, sell., pack, and admin, exps.
_
_//./.
$496,282
Drl,567
10,467
—,——
Preferred
41,353
297,000 *'
1,079,441
common, share———
per
consolidated" balance
Assets*—Cash
■8830,755
Z)r2,093 ;
w
$524,711
revenues—
*. BalancO
52
-.
$1,006,559-
2,478
$46,056
.
_
income, net,
Balance
Prior
,
income.
Interest- On
112
'•»
*"?"
_
Real Silk Hosiery Mills, Inc.
.
227,518
taxes
Interest.and amort,,—!'
412,297.
275,OOQ
275,000
f;
profits tax,—. 1
Six Months
$i;579,072 $20,625,421 $17,422,512
598,732
7,736,874
6,499,778
95,816
1,272,768
1,085,528
129,707
1,554,141
1,507,617
55,056"
1,082,331
462,892
203,478
2,607,894
2,356,132
127,970
•Federal income taxes.;.
$3,524,288
1,974.668
31,516.
2,391,249
178,613
:400,245"
*
40,763
—>
revenues
oper.
,•
Other
1942—12 Mos.—1941
$283,131
*
22,917
approp.-
invfeatments
$1,789,873
677,307
108,447
Depreciation
Other
.378,637
$1,900,786" ';$2,083",942 * $2,154,434
126,264
$1,338,413
$1,189,900
1942—Month—1941
—
Maintenance
limited-term*
of
Amort.
—
,
excess
■
Operation
•';
Earnings-— -v:
$346,193
180,298
20,961'1
42,056 •
—'
$276,559
37i 935
417^5
,
,
1942—Month'—1941
'
and
Period Ended July 31—
Operating revenues—_
.
Operating revenues
Operating expenses
$212,192
Income
$1,836,613
<
^
T04~375r
869.
Portland Gas & Coke Co.
Period End. July 31-^-
I04~i75
;
present absence of a power contract does not change the premise
upon
which their valuation and plen rest, that is, that Bonneville
will continue to supply the company's excess power requirements on a
p.
398,974
$2,533,071
subsidiriry
as of July 31, 1942, showed current assets of
$10,659,791, and current
liabilities of $6,020,174,
the excess of current assets oyer current
liabilities being $4,639,617^V. 156, p. 700," f-'U
> Z
'
,
Puget Sound Power & Light Co. (& Subs.)—Earnings
•
at this time to sell a lucraive portion of its properties
option on all of its properties at prices named by,
-Bonneville and which so far have been inadequate to compensate the
company for the values inherent in these properties."
1
•
The independent trustees, therefore; state they-concluded that the
156,
|
divs._—.
dividends
stk,
p-166,
an
basis.—-V.
stk,
lien
$2,474,471
390,529
180,907
$478,152
Balance
'the'company
reasonable
$2,299,760
r;
.
income,————/Z.
Federal excess
$2,419,313
profits taxes in the current periods
have been provided on the basis of a 40'^ rate for income taxes,
and a schedule of rates ranging from 50%
to 75%, in the various
brackets, for excess profits tax.
Should the Revenue Bill of 1942,
as passed by the House of Representatives on July 20, 1942, be finally
adopted, the provisions for Federal income,find excess profits taxes,
and charges In lieu thereof, as .khown above, would be
further in¬
creased In1 the aggi-egate by approximately $9,000 and $19,000 in the
respective three and 12 months' periods ended June 30, 1942,—V.156,
Bonneville,; .as an agency of the Government, created m-the "public
in [rest, can "refuse-'indefinitely, to grant the company, a power Contract
to provide for the imemdxate needs of both parties; in order, to force,
grant
from
operations—_X
Interest and other exps. "
*
J—
^
income
'
♦Federal
:
regardless of the fact that
the parties have been Unable so far to agree on the terms -and "con¬
ditions of the sale of all or any part of the properties.- "■
Citing some of these reasons, the petition1 adds:
"In the. light-,of
these
circumstances
the • independent trustees" aid 'rioj;1 believe that.
to
depletion..^«.-v__
434,633
229,388
deducts.—
&
Preferred
,
of
effected
and
Consolidated
•
,
duration
■*■..
■
operations,
Provision for deprec. and depletion,
902,934
553,042
.
81,082/
23,994
(net)——
income
Gross
,
be
$1,388,104
;
/'/;
Federal income tax snd surtax—,.
'Notwithstanding ?the failure of the trustees of company to reach" an
agreement with* the representatives of the Bonneville Power Adiriinis*
tration relative^to ho sale,,of a portion ofvthe system's electric prop-'
erties or to consummate a long-term contract, the trustees have filed
wih the SEC a plan of reorganiziaiori which was filed in the Federal
Court at Portland, Ore., on July 28, 1942.
'
* In their petition to the Commission for approval of the plan, T. W,
Delzell and R. L. Clark, independent trustees,- state - that- there - are
several compelling reasons why a straight power-contract,
at least
the
$1,515,065
■■/;./,
..
from
preciation
<
should
•///'.
1
1942—8 Mos.—1941'
(Arid its wholly owned subsidiaries) Z (/
tuZ
31— •
4942-'-i ivv(-1941hZ,»Z:s'*/4W0,:'.?.
before de»
! /,./:
J,.Z- 'r.
*'...
1
Profit
3,235,316
213,595
y
1942—Month—1941
$202,353
$185,277
—
3 Months Ended July
$7,181,522
:
Fed.-
incr* & exc. profits—
•Fed.
Aug., 1941
225,448
Aug. 31—
——
Rayohier Inc.—Earnings—
.
1942—12 Mos.—1941
$1,874,719
revenues-
expenses
other
Taxes,
.
Plan—
Net
sundry
for Federal taxes
reserve
debt,* $700,000; * preferred
Railway Express Agency, Inc.-rPrpmotions—
,
has provided for depreciation of utility plant in amounts
the company's estimate of the reasonable requirements
depreciation; and which in the aggregate approximate the amount
be claimed for Federal Jncome tax purposes,
;
Other
■
accrued, $8,451;
f unded
($1 par), $134,123; class B,
1,000 shares Outstanding),' $5,000; capital
surplus (paid-in); $ji64,$48; earned surplus, $199,477; total, $2,950,2634
—^v. 155, p. 2188.
j
Public Service Co. of Oklahoma—Earnings-
Fortland. Electric Power Co.—SEC Asked to Appfove
Int.
taxes
.
*
July, 1942
Aug., 1S42
156, p. 700.
Other
sinking fund. debentures, $3,012;
on
$106,884;
par),. $871,462;. class
which; represent
.
mem¬
Pond Creek Pocahontas Co.—Coal Output—
Month of—
Net
i
•
'(/1
33,007
deducts.?
I.'"'..'.
-V-
accrued
income.
on
common
,
'
<
Liabilities—Notes
interest
606,965
451,445
,
.
payable, $500,000; dividends payable, Juiy"20,' 1942,
installments due within one year on sinking "fund, debentures
(less debentures purchased and deposited with trustee $11,000), $23,000;
/ ^Pending final determination of depreciation requirements under the
piriform systems of accounts prescribed by the regulatory commissions,
•Fed.
'
received; accrued
./.♦•
*
actually
included.
•
,
block of 6,096 shares of common stock (par $50)
a
bers of
:
$3.71
interest,
is not
^
Curb Exchange
..
$148,741
$0.69
$27,456;
,w
'
of;
Net income*
•v
,
$48.25 a share plus the equivalent, of the New York
or
$203,063
$0.24
-
-fered
•for
:
$199,477
intangibles $29,367), $33,458; total, $2,950,263.
'1
,
*
27,025.
$230,678
27,887
54,050
Consolidated Balance Sheet, June .80, 1942
■iV
$6,151,525
2,615,370
—.—
Miscell." interest and other
to
& Lake Erie RR.—Com. .Stock Offered—
■Mellon Securities Corp. and. associates on Sept. 3 of*
—V.
27,887
—.
only
$2H5;000;
27,887
54,050;
Assets—Cash,** $226,567; installment notes receivable (less reserves
for .-doubtful, notes $102,999), $2,558,388; cash value life' insurance.
$2,446; deferred charges, $97,266; furniture and fixtures, at cost* [lessl
depreciation, $32,139;
intangibles (less reserves for' amortization of
.
$6,488; miscellaneous
$6,375,064-
on
expense,- net
for
Pittsburgh
i
include
earnings
106,801
,
Dr 100
preferred stock
qommon /.stocks—4—-:
$1^3,977
$12Q,581
164,419
,
,
$254',389"'
interest earned but not Collected
RR„ 380 Seventh Ave.,«/
[These charges (computed .at a rate of 45%
since Jan. 1, 1942)
City, will until 3 P. M. Sept. 30, 1942, receive bids, for the sale
to tl?e company of consolidated mortgage bonds, series "C" to "J" in- ~. represent amounts equivalent to additional income taxes payable if the
company did not have the benefit for income tax purposes of deduc¬
elusive, to an amount sufficient to exhaust $1,768,243.50, at prices not "
tions resulting from the.settlement of a long-term lease and from the
to exceed par and interest.—V, 151, p. 1438.
.
"
,
refinancing of long-term debt.—V. 156, p. 612.
,
;
$60,309
,194,08Q
——:
'
•Gross
$6,349,024
197,499
$3,563,385
•
-
long-term debt____l—_
Amort, of debt disct., premium and
Y.
at
:
Earned surplus as at June 30—
Earnings per share cm com,* stocks
429,162:
..
$3,580,421 " $6,460,701
,17.036
,;
85,637
iricome"-—
(loss)—
income
Gross
*,/
■
42,800
taxes-,,
————
Dividends paid'—On
1,034,667
1,332,215;
O^ther
«
Louis
taxes—
profits
income
:• Total
'
H. W. Schotter, Treasurer of the Pennsylvania
N.
3,200
45,400
10,600
income
12,859
'
2,297.960
779,'762
1,794,398
-404,785
tCharges in lieu of Federal inc. tax-
revenue
.
Cincinnati,
4,006
for
surplus as at Jan,
Transfer to cluss A common stock—
the company
Pittsburgh,
27,900
3,537
Net
/ 2,324,417,
2,263,250
♦Provision for Federal income faxes
excess
upon conversion to * war "production were sustained, 'V Mr. Buckleystated
in announcing the financial results. "Conversion is now largely; corar
pleted, and orders on hand for Government radio equipment,' ordnance:
materiel,' and storage batterfes should assure* an increasing-; rate of
operations - -for some* time to come, - Final earnings»results -will,*' of
to
2,594,181
1,367,515
>«■
"In; the .sefcorid quarter of 1942, fhere Was complete1 stoppage" ofZafl
Civilian radio, and refrigerator production, and-unusual costs attendant
depend
35,100
On
1,541,377
Provision for State* local and,, miaceljaneous Federal - taxes.7'—u—■
•
,„
course,
$205,193
doubtful* notes—'—^
13,638
30,500
Earned
,
.Provision, for, depreciation.:.———.j
.,
"After
*
*
,
sales
profits taxes, ,,*The net\ income^ for-the first'si^c "months of 1941 Js
after income and excess profits taxes .had been adjusted'" to reflect
the effective tax rates actually incurred on the entire year's operations.
181,431
$224,725
Federal
.1941
Operating reyenues
77—$14,572,812^ $24,913,505 $22,391,038
Operating expenses8,617,571* •8;732,985
5,648,024
Maintenance!
—_Z/———
698,475
1.222,523
1,274,755
$15,342,393 $18,734,284 $32,482,284; $35,211,279
•Net income —i———
" 166,986
" 402,835
449,777' ' *762,107 '
Com.
shares
outst.
1,372,143' /1,372,143 7 1,372,143 1; 1,372,143'
ZEarns. per -cott. -shareJ
$0.12
;
$0.29;
...
$0.32.1',
$0.49
1
1940
$386,628
27,932
Federal
v
.
<1942—3 Mos .—1941.'
1941
<
$422,554'
197,829 -
Amortization of intangibles-.——
{Inch the Combined Income [after elimination of intercompatfy itemsl
the constituent corporations for the periods prior to Sept.; 6, 1941)
7 Mos. End.
Year.Ended July 31 •
,
Period End. June 30—
•
$169,677
Provision
of
1943
.
206,908
i.
etc.-.
Indiana, Inc.—Earnings—
July 31,'42
1942
$376,586 "■
iai_
Net earnings
•
Interest, debenture discount,
According to Associated Press dispatches from Newark, N. J., pay¬
ment of $805,000 to
a minority group of stockholders1 has virtually
completed the mutualization of the Prudential company.
The money was paid for shares held by the Leon B.* and Milton E.
Blarichard estates and Samuel and Bertram Meyer of Paterspn, N, J.
The Leon B. Blanchard estate received the largest check, $605,000, the*
dispatch said.
The only stock now in individuals' names; are the nominal holdings
of the directors; the company, said.
See also V. f156, p. 84. .
Public "Service Co. 6f
v,Authority was granted to the Reading, Co. to assume obligation and u
lia.byi'ji', as'guarantor; in. respect .of fhe payment.of the-.prinq.lpal; of;,;
a$d,,\pterest on, the bonds as extended.U-V, 141, p. 764.;
*
V\*.
_'*• "
••
'
"
' -i
' • v
"'">.
*'
.„■*.' ' /' 4
y. Fhilco Corp.—Earnings—
v.
♦
y y- *
* • *. Z
(
1019.
p.
(& Subs.)—Earnings—
•
Operating expenses 7,l——:.
...
^Trie.ICC on Aug. 26 authorized the company to extend from Oct.
li 1542, to Oct. 1, 1967, the date of maturity of not exceeding $507,000
oft'3mortgage bonds and $1,033,000 of '5% mortgage bonds, to bear
interest during the extended period at the-rate, of 3% per annum.^ !
Gross
Six Months Ended June 30—
♦Gross earnings
y Prudential Insurance Co. of America—Mutualization
taxes,
...
and
014;
.
share in preceding quarters.—V, 155,
per
.
preferred
participating
stock
common
marketable securities, at cost, $2,386,040;
• and
accrued
interest
receivable,
and gas royalty interests—at cost, (less res,
Federal
Liabilities—Accrued
cents per share has been declared on .the common
Canadian currency on Oct. 15 to, holders of record
Sept. 15.
This compares with two cents per share paid on Jan.. 15,
April 15 arid'on July-15, last, and on Oct. 15, 1941, and three cents
payable in
royalties,
gas
$2,967; investment in oil
for
depletion of $8,897),
$3,420; total, $2,602,104.
Z
Railroad Employees' Corp;
dividend pt IVa
stock,
balance Sheet, June 30, 1942
Consolidated
:
v
.A
i
• -
-
.
Monday/ September 14,194.2
.3,370,866
,
7%
cumulative
.
'
Net
.
oper.
3,963
4,247"
$1,736,8°$
41,455
$258,103
$308,583.
$1,778,353
$254,140
revenues
$304,336*
-
Other communic,; inc.—'
$2,213,179
22,443
$2,235,624
14,862
Reece
Folding Machine Co.--EarningsZ~
,
'
Postal Telegraph,
Inc.—Earnings—
1942—Month—1941
Period Ended July 31—
Total revenues
$1,868,721
—
Operating income
1942—TMos.—1941
$1,834,128-$13,025,720 $13,577,614
Ord.
interest
187,231
charges-
202,540
Provision for deprec^e-
charges
—
.
<
14,783
300,964
.
.
1,032,267
®92,885
1,417,778
200,697
25,470
415,241
Interest
Net loss
,
85,484
1,404,877
149,954
1,397,262
"Profit.—V. 156, p. 612
Pratt
1
A
&
no
Lambert, Inc.—Smaller Dividend*—
par.
value,-payable
Oct.
been, declared
1 to
;on
925.
•
v
'
,
Net
ord.
.■
..J1-?,
$1,782,704
t
209,804
?50,565.
$232,916
1,315
5,038
$288,108
$1,572,900
$1,999,921
1,614
3,647
2,522
8,363
9,140
10,902
$229,193,
$281^59
$1,567,407
$1,991^41
$324,039
Net
income
—
—
—
Deducts; from net inc.—
Net
*
*
.173,400
152,500
1,144,500.
^
1J)74,300'
$67,278
$55,793
surplus
156; p.* 700:,
——
9^712
35^357
Z
Profit from operations (including rental of machines)
income
$22,208
•
f
$128,859 ;
t'
.$422,907.
,t,*.
*
.r*
.
-iriU
'$917,241
*',Va
i
i<
.
1,492
'
Total
——Y—
Other charges
Provision
'
"
Net
•
infcome
share
equal to 15 cents
a
a
net for the
share.
14 508
a.-
*
2^—-
"Note—Trie :net >profit compares with
ago ot $13;839,
944
and-State taxes—
'——^—^—•—
common
*$23,700
•
•:
—
for Federal
Earnings pej?
income transf. to
earned
^
;_i
Other
income
income
17.
v
Gross profit before depreciation
Depreciation
J
Bervicing, selling and general expenses——
$2,250,486
35,931*
$260,031
*
common
holders of record Sept..
-
4,351
15,456
27,145
income
ord.
Extraord.
•
the
(This .compares with ,50 cents, per share previously paid- each /quarter,
the last distribution at that rate being made on July 1, 1942.—V. 155;
p.
Gross
Extraord. income, chgs.,
dividend Of 40 cents pet share has
stock,
1,958
(,non-comm.)_
Deducts, from ord. inc.,
85,271
2,659,999
.
inc.
*
Loss before depreciation.
and
Earnings,* 6 Months-Ended June 30, 1942
.
■
^
same
' $8
*
,
256'
$0.09
period-a. year'
;
^
,,
■
ydlume 156
Sheer, Jun*
Balance
•*-
SO,
"5,:
'
Savannah Electric & Power
accounts receivable, $47,447;. notes receivable,
$3,037; accrued interest< on notes receivable., $734; marketable securities
"nt cost (market value June 30 $12,338), $22,564; inventories, $66,594;
•other
investments
(at
cost),' $2,500;
treasury stock at cost "(9,923
Period Ended
$50,798;
Assets—Cash,
.
i
"Federal income taxes—:
for
reserve
42,611
27,140
$2,690,734
998,113
203,251
183,647
348,436
25,281
taxes
388,607
316,798
-
Income—dividends
Interest
142,915
total, $1,164,560.—V.'154,
$135,846;
oper!
Other
income,
0c950
3,156
Drl5,510
$61,185
$696,298
$754,121
31,222
31,205
376,043
374,827
;.
„_
Interest and amort...:..
'
•
.Balance
'•
no
the common
Sept. '30 to holders of record Sept.. 19."
with 30 cents per share paid on March 31 and June 30,
of
dividend
A
tfstock,
cents* per
40
value,
par
This compares
Preferred
share has been declared on
payable
/
stock
consisted of four regular quarterly dividends
1941
five
cents
;
2286.
p.
:
■"
v!
<■!
l(
,
:
5 "
Accruals
s
provision
be
.'.'J'-'
?
Years Ended June 30—
i
"V
,
(& Subs.)— Earnings
(Del.)
Republic Natural Gas Co.
;
'
-1942
shown
Oil
revenues-
gas
production
Casinghead gas ..and
*"
months
—>- '. $1,412,954
$1,367,045'
revenues,.—1,586,986".' 1,379,697;
gasoline rev... v,
30,816
.16,778
Royalty earnings
30,861*
18,415
?•
21,593
Other operating .revenues....,
29,768
25,576
167,331
Non-operating .revenues 11^—^,.^'
6,718';'.* [16,326 y >■> 15;018
Natural
$3,098,103
;
1,262.732
4,152,432
*Provjsionf'fpr depletion [and deprec.747,949
722,611
Total
revenues
........
v-irr-
Expenses
long-term debt—T—,
Interest.on
interest
Other
charges..
Amortiz. of debt disct.
Provision
t
Net
.
for, taxes......
____
Federal
6includes
of
taxes
296,993
Note—Provision has
been
-i-
by
made
fFederal
■
provision
v.
154,
>'/
($2
litigation expenses and contingencies, $9,867;
(less shares in treasury), $1,451,010; capital
surplus,
earned
"
agent's
dividends
1
y.
;
1942
Net
expense—..—
:
paid
has
provision
Code.
enue
j
$183,319
6,232
.
.
l
Dividends
Other
;
and
interest
in
investments,
'■"! 16,737}
per
5,325
V-
,
"
and
$3,588,688
5,617
Net
2,399,481
616,432
Net income
88,172
$82,557
$86,307
$567,158
at
values—
quoted
:
—V.
55,499
58,390
377,189
'
...
2,780,362
.
of
The
•"
•
(,•
;
After
and
declared
a
of $1
dividend
cumulative
$1.20
per
Bus
•/
will
last,
1938, when 30 cents was paid.
Arrearages as
to $3.70 per share.—V. 155, p. 1317.
1,
1941
1942
Tax
co
8,309
•
income.
dur.
indebt.
for
Net
}.■
of
ticipating
and
on
Sept.
accumulations
preferred
Fed.
55,017
Sept.
cents per
1, 1941.
share.
on
15,935
"11,373
$507,681
$464,663
295,452
71,694
37,000
292,844
52,507
254,951
52,394
18,800
first since
1$76,625
t$103,534
$100,512
25,000
25,000
25,000
40,602
40,602
40,602
to
on
March
Arrearages
as
at March 1,
.
.
Lien
advs.
from
Net
ry.
1942—7 Mos.—1941
$2,432,848
279,993
1,998,438
1,906,313
Total
$434,410
141,220
payable,
Cr21,578
taxes,
$49,877
$314,768
notes
income
cumulative
Capital
$108,570
4,684
29,039
Net
income
29,150
$54,561
$343,807
7
3,050
1,645
charges—
$54,554
33,427
33,429
$340,757
234,149
2,235
stock
,
expenses.—.
—
...
reserve
—_
$800,000
$6,328,000
25,157
$43,591
$21,127
$106,608
145,414
11,946
;
—:..;
preferred stock
476,873
(par $50):
20,315
180,177
1,000,000
1,015,050
306,576
1,000,000
614,557
———
(par $10)—
83,180
136,370
2,500,000
surplus
—
——_
...
....
—
524,015
1,015,050
306,576
—
,
—.y,
—
—
$6,868,815 $12,581,003
1943.—V. 155,
p.
268.
t Deficit.
156,
2,200
,
53Q
$128,591
(excl. gains & losses from securs.)
Liabilities—Reserve
$141,859
116,985
116,986
:
lf)42
Sheet, June 30,
Balance
for
Federal
taxes,
$18,390;
shares
common
(no
'
of securities other than bank stocks^ $1„$5,757,582.—V. 155, p. 2189.
' i,
,
rf,
quoted market)
cost, over
total,
Sierra Pacific Power Co.-^-Earnings—;
1942—Month—1941
Period Ended July 31—
Operating
revenues..—
_—
ii;
1942—12 Mos.—1941
-
$2,585,374 '' $2,407,468
841,79G
960,639
$221,402
$218,543
85,775
83,515
109,862
8,192
118,676
25,578
391.002
208,025
20,590
272,812
262,006
$60,100
$82,311
$842,246
$985,779
1,200
1,231
3,089
3,525
$61,300
V $83,542
$845,334
$989,303
13,872
13,891
165,759
155,927
$47,428
——
9,408
43,810
20,666
Maintenance
"Federal income and
profits
cess
$69,651
$679,576
$833,377
93,983
ex¬
taxes-
taxes
Utility oper. incomeincome, net..—_
Other
income
tirement
Retir.
bef.
res.
re¬
accr._
accruals.—_v
res.
income
Gross
Int.
long-term debt.
on
Other
8,125
8,125
97,494
premium
Cr 177
Cr 177
Cr2.122
3,153
959
5,100
10,840
$60,743
$579,103
$725,400
preferred stock—210,000
common stock—;
337,080
210,000
362,270
of debt
206
charges—,
income
$39,274
—'
income
declared
on
Dividends declared
on
Dividends
"If
had been com¬
the proposed 1942 Revenue
12 months ended July 31, 1942, taxes
during the
puted in accordance with the provisions of
the House July 20, 1942, with its provision for a
45% income and surtax rate and a 90% excess profits tax rate; the
net earnings would be less by approximately $100,000.—V. 156, p. 789.
passed
as
by
American Gold
South
Co.
Platinum
&
(&
Subs.)-
profit
tEarnings
$37,988
$417,152
$239,691
$125,085
$0.06
...
share..
per
1940
$0.24
$0.14
$0.07
After
depreciation, depletion,
minority
interest,- etc.
taxes,
Note—1942
of
1942
During
United States and Colombian income
tOn 1,760,000 shares capital stock
U.
as
S.
income
taxes
computed
shares
Sept.
90
of
15.
cents
Jan.
29,
beneficial
This
each
declared
a
1941—V.
of 80 cents per
share
on
the
interest, payable Sept. 22 to holders of record
with $2 per share paid on June 22, last;
17. 1942, and on Sept. 22, 1941, and $1 on
compares
on
dividend
proposed
Revenue
subsidiaries of com¬
11,123 ounces of crude
these products require refining.
six months of 1942, after deducting all expenses and after
the six months ended June 30, 1942, the
platinum;
both of
For the first
providing for, depreciation, estimated depletion and estimated Colombian
income taxes, the estimated consolidated net income of company and
subsidiaries based, as usual, on proceeds from sales of metals and not
production, before provision for estimated
amounted to $235,857, compared with
United States income
$458,022 for the same
1941.—r-V. 156, p. 701.
Bell Telephone & Telegraph Co.—Earnings
1942—Month—1941
1942—7 Mos.--1941
$8,702,741
$7,286,457 $57,909,779 $50,192,478
Operating .revenues—
Southern
Period Ended July 31—
have
directors
the
on
passed by the House of Representatives.
produced 28,633 ounces of crude gold and
pany
period in
31— 1942—Month—1941
1942—7 Mos.—1941
$64,706,486 $87,715,593 $477,790,493 $516,083,223
:
$1).
(par
Act
1939
1941
1942
6 Mos. End. June 30—
on
Security Co. (Los Angeles,. Calif.)—80-Cent Dividend
,
to Federal Excess Profits Tax.—V.
P'tf
Feb. 15,
156, p. 789.
The
t$97,756
Not#—Company not subject
.
578
*
par;value; amount determined by the trustees as capital Dec. 19,: 1933),
$5,000,000; capital surplus, $2,226,438; unrealized depreciation (excess
.
Operating
expenses
5,799,943
26,500
5,011,262
Operating
taxes—,
1,498,489
1,138,269
194,587
37,995,398
10,228,182
186,628
32,590,663.
8,668,190
income
$1 374,622
$1,110,426
$9,491,612
$8,746,997
1,115,109
799,921
Uncoil,
234,457
outstanding bonds, but unpaid.
——;
source..:
(aggregate cost per books,
$4,820,923),
$3,333,677; shares of, capital
stock of seven suburban
banks,
$1,726,502;
notes
receivable, $33,273; accounts, and accrued
interest reecivable, $6,853; cash, $657,277; total, $5,757,582.
30,763
$136,701
•Includes interest accrued on
5,400
——.i—•
paid at
$166,111
18.730
2,792
48,019
—
Period End. Aug.
—V.
$77,020
—
taxes,
$138,346
1,509
•
$156,742
19,022
3,151
tax.
Condensed
57,654
•>.
Sears, Roebuck & Co.—August Sales Off 26.2%—
'
•
——
—
accrued
"Includes $250,000 maturing
for
charges
fixed
>
2,236
28,550
payable..
—*2,500,000
—429,800
Sales
♦Total
212,815
—
.
^
29,776
$78,529
income
fixed
and equip.
—
etc.—
participating
Earned surplus
4,760
'
—
Assets—Securities, at quoted market prices
Act,
Cr5,617
$73,769
inc
available
5,948
96,346
—
unsecured—
payable and
Common
127,216
Cr4,370
32,971-
•
$127,089
* 39,022
'
"Net
Reserves
$230,169
17,866
Cr3,397
rents
$63,373
21,867
deductions——
Income
sold—
equipment
and deferred charges
fixture and
Long-term
5'/o
$92,239
stocks..——
tax—
income
Net
$6,868,815 $12,581,003
Dealers'
$2,136,482
income
Miscell.
10,786,715
1942, amounted to 36
$343,366
1941
.
Earnings—
ry.
.....—
oper.
....
1942
other
—177,600
Total
Total
Other
1941
$1,290,018
5,291,453
automobiles, etc
•
39,328
notes receivable—350,000
Prepaid expenses
on
305,460
Railway tax accrualsEquipment
and
joint
facility
com¬
V*
receivable-
accounts
against industrial mach.
Furniture,
Deferred
revenue
101,505
1942
Investments
Aug. 22. A
March 1
on
collateral
Accrued
1942—Month—1941
exps.—
operations
,
$1,031,751
:
receivable——.
accounts
Repossessed
Serial
$397,699
revs.——
Net
*
anticipated increase in rates.
^—
and
Accounts
oper.
25,000
Comparative Balance Sheet, June 30
Notes
oper.
bank
dividends
Amort,
',
.
VI,/
~
-
securities
from
40,602
Liabilities—
Period End. July 31-
include
zinc,
purchased by the company,
$123,771
capital stock
on
$142,613
^
shares.
Miscellaneous
at Oct. 1, 1942,
holders of record
1, last, and
$3,
par
made
been
22,000
;
:
stock
common
copper
liabilities,
This left
Current
$471,958
Assets—
dividend of 8 cents per share on
the 32 cents cumulative convertible par¬
was
of lead,
dividends
from
Operation
>
8,237
preferred stock
on
Notes
Rutland RR.—EarningsRy.
Ry.
$396,585
$406,765
13,964
64,000
*72,711
income
on
and with
par,
Divldeinds to shareholders..—
'*
;•
27,000
y:;
:
284,712
-
per.
tax.
inc.
Cash
paid a
1
stock,
distribution
similar
•
35,000
$489,065
°Includes $24,354 provision for
Roxborough Co.—Accumulated Dividend—
account
1939
■■
Equity in retail and wholesale rec. prev.
company
yV;
\",;v
700
income.^--;
1940
v
—...
earned
on
Divs,
A similar
the
on
Net income
.r'\'^
$426,244
<-, v38,200
50,025
V
at
$1,577,391.
profits taxes, were $109,660.
1,—
487,246;
...
income
ser.
./,
;
'
to
$98,519
-
including $783,864 in. cash
1942,
securities
amounted
■-
,
any earnings of the Iron King
gold and silver, located near Prescott,
possession having
July 1, 1942.—V. 154, p. 548..:
}/*••'
and
Gross
amount
The
'
...
$188,147
.$340,292
of June 30,
as
cost,
for inebme and
which has
Federal
$14,561
Corp.-—Earnings—' '
contingencies—$430,031
Prov.
v
14.
$127,147
Government
S.
at
producer
Federal
$72.35
-.-..V; -';v^
; ;
lossess
for
prov.
adv.
Int.
on account
preferred stock,
Sept.
assets
Total
-
:
share of stock...
per
517.-
p.
Operating expenses...
share
convertible
par $20, payable Sept. 22 to holders of record
distribution was made on this issue on April 1,
Jan.
17,573
•
foregoing figures do not
a
Dividends
,r1,881,132
Divs. from whollv-owned
Co.—Accumulated Dividend—
the
28,829
20,362
&
depl.
U.
in
—...
tEquivalent to 51 cents in 1942 and 77 cents in 1941
on
$144,921
\
29,468
than bank stocks
4,820,840
'
have
directors
accumulations
..
-29,328
24,463
:
2,600,310
"
Net
.
Root Petroleum
:
7,169
"'$237,976
$394,084
29,579
6 Mos. End. June 30—
,
....
6 Mos. Epded June 30—T;
earn.
serv. charges
;
mon
'
v
$137,752
•
2,970
'
working capital of $1,467,731.
Interest
of
469,354
156, p. 613.
$627,707
489,955
'j.—a
$235;006:
J.
.-
...
"
1
Shawmut Association—Earnings—
;
L
j......
Seaboard Commercial
$656,474
—
i
1939 Ai
"
V'" .'*.'
prof, tax.,'
carried
Arizona,
968,360
<_
value
156,
Divs.
oper.
"
•
*.
734,975
-3,444.'
$180,424
%'«••
$969,981
,
.
$390,640
•
23,698
&
The
.
2,238,802
497,008
—_
taxes
Net
-,i",—.L,.
.
* •
"
1940
• ***
,
..
inc.
mine,
$11,891.964
asset
—v.
$3,399,371
7,087
income..—
Operating
"1941
•'
i.
» ..
A
$768,7991 $1,268,791
591,224 V,1-878,151
'
before
Other
839
351,847
$20,455; total,
,r
; 1942
.
••
-j
construct.
$175,000
net
33,841
,
marketable........^..........,
ments, Dr
Gross
$494,703
605
expenses..
:»1
before provision
81,270
sold.
securities
•Total
$0.04
335,995
71,562
Operating
*
taxes
hand
on
16,445
Reserve for registration expense......
1,800
Capital shares (163,924 no par shares)!
4,098,100
Paid-in surplus
9,537,579
Earned surplus since Oct. 15, ,1935__-_—104,612
Unrealized depreciation arising from revaluation of invest■
trJ?
1942—7 Mos.—1941
1942—Month—1941
$523,181
stock.« sur¬
Mining Corp.—Earnings-1-
con-
'
inc.
&
accrued...^.—
expenses
subsidiary
Period Ended July 31—
Denn
Note—Current
...'J. $11,891,964
Liabilities—
Other
Rochester Telephone Corp.—Earningsrevenues
Uncollectible oper. rev...
Net
i*
$606,982
stocks
Miscellaneous
Operating
transfer
and
capital
for
2286.
income'
been taken
Taxes accrued
2013.
p.
[custodian
1938, to paid-in surplus), surplus,
p.
Administrative expenses
*$28,4li
Nii
share.——,
.155,
$722;
charges,
^
[other liabilities, $57/ capital stock
$101;.
equipment
"
:
Total
14,487
$15,931
loss, Republic Petroleum Co.........
Profit.—V.
>-J:
Deprec, ;of
>
v
,
Preferred stocks
Common
<
receivable.-;.^...;^™-:;-.-:--.^^.-.;
for
securities,
Bonds and notes
-
1942
June 30,
r~.V"V?:
receivable,
Accounts
Sheet,
deposits..—
Cash,
.35,108
38,837
/
Net
•
"management,
.—$177,576
Total
'■:
./„•
.
Assets— - >
demand
:
,110,638
67,089
Minority interest in profit of subsidiary co._.
*
'H I
deferred
■
,
ineome"1.fcaj;-r2,849
laneous
$188,644
123,864 1
,——
Taxes,
Earnings
•
etc A,!$5,523;'dud
expenses,
repurchased,
Gem expenses & miscel-
;
been
Balance
1941
$230,597 ".
depreciation and amort.
—
$9,003,625;
•
accrued
sales.-.
..
made for 1942 Federal income taxes,;
since the Fund expects to minimize these taxes, as.in prior years,"by
qualifying as a mutual investment company under the Internal Rev?
158,937
v.
income'4-—-a,*-—
for depletion,
and
of
•Profit
$257,070
242,283
income, before gain or loss from security transactions
NoW—No
_
$342,256
174,580
..J——.;,.
$224,364
Total
fees-and
Sales of t metals &,
■
Provision
1 '1^,113
'-.128,595 -D
1942
^re¬
$750;
Shattuck
Cost
securities:__-_^i_Lp;j.^;^_u
$240,365
securities_i'_._,_^i.;ii._-_^_u;j__.__^.;;
63,340
—
$398,944
Six Months Ended June 30—
Abandonments
>
-
O-Mos. End. June 30^-
-
46,634
Dividends
;
.
,
Operating and general expense.....
Ibther income, net of other
cost),
?
centrat.es
longer will vote
marketable
on
marketable
on
(at
•
$9,311,025.—V. 155,
■v,«.
'•
securities
$3,017,871 at Dec. 31,
to represent the class A .stock¬
adjournment thereof.--ttV. 155, p. 2462.
any
or
148;779 " '
.
par),*i$2?423vi55; distribution,surpld£. $58,3991 baid^in surplus,
$6,780,824; earned (balance June'30, 1942,. after charging deficit of
f0f! proxies
asking
^129,6^2
i-($2;50
to exer¬
will be able, for the first time,
i*"1
*''°
*
$126,298
*
.145,155'
tax,
rendered
>
investment dealer,- that
Expenses
Republic Petroleum Co. (& Subs.)- -Earnings,
,
and that voting trustees no
15,
meeting
Bechold,
M.
"
v
'•*
Balance Sheet, June 30,
4*.
■*
franchise
$303,705
$11,569,151.—
total,
$2,517,171;
,
Operating revenue
is
He
by Benno
'
• •
payable,- %>r securities purchased but ^lot;
ceived, $3,346; accrued Federal-capital stock tafic, $18,415;'accrued'SMte
1
'
,
- •
'
Liabilities—Accounts
bondholders of the above corpora¬
And
$175,816
,,'v.
securs,)'..
total,' ^9,311,025.
additional
This
-
'•
$173,691
and
gains
surplus
*
marketable
of $158,501 and $4,383
and 1941, respectively. For
company
Oct.
on
that
Investments
par)
$2,295,722;
p. 830.
Act.
company
mortgage bonds,
monthly, July 1,
claims,
for
stock
surplus,
Revenue
54
,ifi/092
1,000"';
833
,,
the
$4,015,000; bank loans (21/2%)
maturing $10,000
1943 to May 1,; 1946, $350,000;
accounts
payable,- $85,232; Corpus Christi Warehouse
and Storage
Company,
$7,183:
accrued interest,
$50,939;
accrued property, and
general taxes, $43,878; provision for Federal and State income taxes,
estimated, $131,150; long term debt maturing within one year, $612,000;
common
1942
Earnings, 6 Months Ended June 30, 1942
Interest"
(
Liabilities—First
»
excess
Scudder, Stevens & Clark Fund, Inc.—Earnings—
Cash
income
in wholly-owned sub¬
sidiary not consolidated, $99,964; cash in banks and on hand, $493,857;
notes and accounts receivable, $244,251; oil in storage at posted prices,
$33,733; prepaid insurance,- taxes and expenses. $19,012; sundry de¬
posits,
$2,010;
general
office
leasehold
improvements,
$2,018;
un¬
amortized
debt
expenses
on
first
mortgage bonds,
$71,005; total,
$11,569,151.
stock.
at
the
of
/ '
investment
Assets—Properties,-$10,603,301;
surtax') and
oh
Other
Sheet, June 80, 1,942
Consolidated Balance
notified
been
the
4,
',r/ ' *;;v
for Federal normal
and surtaxes on
income, computed under the Revenue Act of 1941.
However, if the Revenue Act of 1942, as approved by the House of
Representatives on. July 21, 1942, and presently under consideration
by the Senate, is. passed, ,the company and its subsidiaries will be
liable for additional taxes on income in the approximate
amount of
$25,000.
V
V'V.
I"'
have
holders
<
2,312
64
Assets—Cash, $253,714; accounts^receivable, $20,529; cash divid'tftds
receivable, $28,071; accrued interest receivable, $4,365{-investmeh«» in
$170,179'
taxes
1942
stockholders
common
their vote
t2,400
(est.),'
A
cise
$541,362
151,525
taxes
.V
14,544
•85,600
293,189
wholly owned subsidiaries.
■
V
19,768
$660,159
income
State
and
•'
f 131,450
stock—.';—
common
oir
,168,865'
14,403'.;*
,
31,
JUly
■the >"owners"
1,186,580
759,615
209,284
, j
6.060
$771,612
,
*
income
Dividends
155,456
' 11,140
18,064
—
and exp._—
.
tion
37,117
3,042
841
of
tion
«
1941 Revenue Act plus an added
for additional taxes which may
the
proposed
profits
excess
ended
Class
-
35,694
2,750
'Net inc. for the. period
-
$166,000
Savoy-Plaza, Inc.-r-Stockholders Meeting—
,$2,718,845
$2,823,837
!.
'
" $111,141'
and
< normal
149,115
,
*
^
•
31,327
7,881
Cash div. froih distribu- **"'
■
spread monthly upon the basis of taxable Income. The
above for Federal Income taxes include provision, for
is being
estimated
1940
v
28,225
•
tax^
ta"k
(excl.
for- the 12
comparative
$1,328,206 ' ' purposes Federal income'and excess -profits taxes for each lrtontli of
T941 have been: restated to give effect to the Revenue Act enacted in
1,158,762
September, 1941.—V. 156, p. 789. "
t,
v J- 4
5 ■
28,936
1941
-
the
under
income
upon
approximately
required
amount
based
are
J-.
y
Federal
1942
for
of
'amounts
1
$170,497
1
/' 60,000
60,000
**
Stock and5 Surplus;...__
common
taxes
149,115
requirements.
*
Balance lor
profits
March 31 and-June 30,
24, 25 cents.—V. 155,
share, and the following extras:
each; Sept. 30, 15 cents, and Dec.
$166,099
"*
"'Franchise
$379,294
$320,255
requirements.....
dividend
1
• .I,
y
,
during
Payments
of 25 cents per
dividend
$29,979
$10,642
'
Debenture
■
29,155
$210,794
taxes
>17,107
$41,864
net..,—.
Balance
$737,014'
$711,808
$58,029
$42,814
revenues...
.
*
Dividend—
;Reed Roller Bit Co>T-Larger
1939
$141,342
3,430
.""
$210,638
l._
expenses
capital
losses
surplus,
$1,000,000;
1940
$162,668
10,826
"
67
Operating
Fed,
1941
$199,969
21,493
'Total gross Income-
.280,609
312,982
1942
$18.9,145
....
earned
/Original issuance stamp,.,
Net
,f
$3,311,624
31,394
12,799
Other
security-taxes,
capital, stock,
p. 1496.
payable, $2,922; accrued social
Federal and State taxes, /$25,309;
Liabilities—Accounts
$483;
32,775
6 Mos, End. June 30—
,!- 1,378,177
16,604
'
Depreciation
.
Selected American Shares, Inc.—Earnings—
1942—12 Mos.—1941
$236,531
92,424
,
•—^-1—/A;.''-. *•*-
129,642
Maintenance-—22,257 ;
machines on lease (less reserve lor depreciation
.$172,417), > $98,781;
machinery, tools and fixtures, (less reserve- for
depreciation 23,121), $22,354;
patents (less reserve for ■ depreciation
$22,921), $17,396; office furniture and fixtures (less reserve for depre¬
ciation
$1,113), $2,393; deferred operating charges,. $3,506; goodwill,
$812,986; other assets, $800; total, $1,164,560
,
,
• -;
965
Co.—Earnings
1942—Month—1941
July 31—
revenues..$297,239
Operating
Operation
$13,330;
shares),
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number
Net
oper.
oper.
revenues-
income
March
Net
155, p. 1927.
—V, 156, p. 789.
29,687
7,709,594 -
6,772,823
THE COMMERCIAL &
966
sales
Net
_
deprec.,
taxes, etc.-
13,274,934
10,726,892
14,817,178
12,021,683
—-
$3,176,605
$1,231,084
$1,705,118
$638,867
expenses,
Cost,
depletion,
Profit
Net
taxes
come
'Includes
10,011
1
$890,192
750,000
750,000
$1,073,312
1,000,000
$453,197
1,000,000
$1,103,723
1,000,000
$1.85
profits taxes.
excess
$1,823,312
$1,203,197
750,000
$1,853,723
750,000
—_
stock outstdg.
per share
cap
Earnings
$1.20
$140,192
1,000,000
$0.89
$1.82
.
»
Consolidated Balance Sheet, June 30
securities
^
—
$22,217,810 $21,878,612
6,456,737
6,482,352
__
3,305,576
receivable
affiliated companies
receivables
Other
—
.
—
—
investments
Other
—
Cash
___ —
and
Time
855,305
112,508
189,319
3,247,533
7,088,210
2,689,725
706,688
receivable
Accounts
Due from
Deferred
deposits—
special
<
_
charges
Total
c_
-
1,565,208
5,509,398
56,059
757,480
126,834
'222,673
3,113,076
2,231,460
___
Material, merchandise and stock oil
Notes
1941
1942
Assets
'Property, plant and equipment—_L_
Btdcks in other companies,.
Marketable
3,794,449
2,667,938
521,078
$49,080,871 $46,695,159
-
Liabilities—
$25,000,000 $25,000,000
1,149,600
1,136,752
2,261,070
652,111
Annuities paybale currently
;
_——55,000
64,000
Workmen's eomp. claims payable currently—11,938
7,600
Due to contr. for deed to Dec. 31——■
2,627
2,474
Customers' deposits
—■;
38,046
35,639
Other accrued accounts
66,190
55,160
stock
Capital
Accounts
Tax
-
-
payable
liability
credit
—
—
deed for
on
10,885
—
—
308,549
18,286,567
19,062,892
—
Total
—$49,080,871 $46,695,159
—
-
'After reserve for depreciation and depletion of $95,761,220 in 1942;
$94,158,148 in 1941,—V. 155, p. 308.
revenues—
revenues.
oper.
Operating
expenses——
Operating
taxes.a——
$379,376
$357,449
268,500
Net oper. income
Net
156,
518.
p.
258,006
income.—
$2,417,184
$2,665,294
1,911,950
1,754,706
—V. 156, p. 615.
'■•■■V"
Service Co.
—
that "subject
tion
'
which
in
SEC
it
\
j..
10
—V.
156,
1941
1942
Period—
870.
p.
the
•
Stock—
application has been filed with the SEC pursuant to the
Holding Company Act of 1935 by General Electric Co.
Electrical Securities Corp,
A statement of the transactions
Co.—Earnings-^-
Southwestern Associated Telephone
Period Ended July 31—
■
Service Co.
10 for a hearing on the
Public
Southwestern
into
102,264
21,795
Operating
expenses—
Operating
$148,428
•
600
87,665
21,019
taxes
,
2,900
597,947
4,200
688,668
173,230
144,506
«'
701.
Spencer Shoe Corp.—Sales
;
must
Net
James
Continue Higher—
the
Federal
Federal
and
income
excess
profits taxes
Southwestern Bell Telephone Co.—Earnings—
Period Ended July 31—
1942—Month—1941
1942—7 Mos.—1941
Operating revenues
$10,136,144
$9,056,610 $67,766,217 $61,845,404
Uncoil, oper. revenues—
35,548
33,323
249,508
234,393
Operating expenses:
6,539,104
5,715,958
43,486,904 38,351,258
Operating taxes
—_
1,853,719
1,665,923
12,623,987
11,832,557
Net
Net
income
oper.
income
—V.
$1,707,773
1,412,500
——
$11,405,818 $11,427,196
$1,641,406
9,322,796
9,499,111
1,322,023
156, p. 790.
Net
income
'
——
—
_
Total
Taxes
$9,201,614
1,035,150
220,341
200,593
4,366,055
863,778
taxes—
236,631
182,330
profits tax
104,711
—
•Fed.
income
'Fed.
excess
Charges
lieu of ind.
profits taxes.
Net
46,827
operating
income
Other income net)
Gross income
Total
$487,154
JDr6,446
$480,708
__
deductions
214,050
—
1,091,187
149,180
501,122
stk. dividends
Preferred
236,498
255,915
49,090
$531,186
$2,334,014
1,879
$2,475,499
Drl0,566
1,295
$532,481
228,170
$2,464,933
845,228
$2,335,893
$304,311
93,750
$1,019,705
375,000
$1,422,120
$266,652
93,750
income
Net
$8,089,262
4,254,330
763,298
in
exc.
&
$1,998,349
expenses—
913,775
375,000
—
income
'Federal
basis of
40'%
a
50%
from
Should
the
sentatives
Federal
and
rate
to
75%,
Revenue
Jul}*
on
income
in
income
$1,047,119
taxes
and
on
the
schedule of rates ranging
a
Various brackets for excess profits tax.
1942, as passed by the House of Repre¬
the
Bill
20,
ahd
$1,244,705
pfOflts taxes have been provided
excess
for
$210,561
$172,902
—
of
1942,
be
finally
the
adopted,
provisions
for
profits taxes, and charges in lieu thereof,
be further increased in the aggregate by
approximately $40,000 and $85,000 in the respective three and 12
months'
periods ended June 30, 1942,
Note—For comparative purposes the earnings for the 1941 periods
have been adjusted to give effect to'the retroactive provisions of the
Revenue Act of 1941 enacted, subsequent to the release of those earn¬
Shown
as
ings ih
excess
Would
above,
156, p, 518.
1941.—V.
|
for
on
$3,477,434
$1.19
$1.72
Government con¬
Total
1942—3 Mos.—1941
$770,727
439,626
expenses
Taxes
'Federal
•Fed,
ihcome
exc.
Net
Other
348,885
216,484
&
54,188
86,440
$173,291
Drl,598
$705,227
2,987
$814 045
$146,044
$171,693
$708,214
$814,245
71,135
69,114
286,123
287|936
$74,909
deducts.—
—
income
of
162,797
651
income
iht.
_
24,829
$102,579
$422,091
$526,308
(net)
income
basis
a
40%
and
excess
rate
for
■
.
227,154
" $145,393
'Federal
.
1,668'671
373,495
income
Net income
the
1,901,335
50,765
57,839
Operating
Gross
Total
$3,134 525
profits tax..
lh lieu of inc.
profits taxes.
exc.
Charges
&
taxes.
$3,424,194
86,526
Operating
$724,860
390,995
84,978
41,342
revenues—
opef.
...
t
profits
income
taxes
taxes,
t
have
and
.
a
been
provided on
of rates
t (
company's affairs made during
the
ih
the year
Sterlihg the strongest competitor of X. G. Farben for the pharma¬
Abandonment of
"2.
"4.
Gas
kWh.
161,789,000
as
which
Co.—Weekly Output—
"5.
be made
strumentalities
Starrett Co.—50-Cent Common
company's
capacity.
the
have
of
.
glad
am
Council
hoped
to
the
confirm Mayor La Guardia's statement to the City
have been discussions With respect to the possible
there
that
Staten Island Edison Corp. by the City of New York.
As the Mayor states, these discussions have not reached the point of
agreement upon price or terms, since these are matters calling for
careful consideration, not only by the city, the trustees, the security
holders interested in the estate, and the court, but also by the direc¬
tors of the subsidiary companies involved, in some of which public se¬
curity holders have a direct investment.
"In the event of favorable action by the City Council and the voters,
we
will devote every effort, In cooperation With the officials of the
acquisition
Of
city and the directors and officers of the various corporations in¬
volved, to work out a proposal to the mutual advantage of the city,
the security holders of such corporations, and the estate of which we
are
trustees."
Group
Writes
public
city
to
embark upon the ownership
and operation of an electric
for service to consumers," said the request,
Thomas Jefferson Miley, Secretary of the As¬
sociation, to Councilmen Joseph E. Kinsley, Chairman, and Joseph T.
Sharkey, Vice Chairman, of the Finance Committee.—V. 154, p, V"1,
light and power plant
contained in a letter by
Sterling: Products Inc.—To Change Name—Ma* Sim¬
plify Corporate Structure—
A special meeting of the stockholders will be held Oct. 15 to vote
Upon a recommendation of the directors that the corporate name of
this corporation be changed to Sterling Drug, Inc., James Hill, Jr.,
President, announced oh
Sept. 7.
production
Of
Important
this
24,500 stockholders. Of this number 98% are Americans, who
of the outstanding shares. 'British subjects own practically
156, p. 790.,
;
Sterchi Bros.
Net
1941
1940
1939
$2,744,992
$3,733,818
$2,886,528
$2,693,106
2,355,161
3,069,078
2,510,639
1942
End. June 30—
of
:
,
Stores, Inc.—Earnings—
sales
Cost
sold
goods
and
exp.___
49,916
39,834
36,709
2,343,783
34,091
*Ihq. chgs. & cred. (net)
60,166
162,276
153,586
152,597
$279,749
$462,630
$185,595
$162,634
-
operating
&
Gen.
Net
expenses
admin.
f
prof (before prov.
income
Fed.
tax)^_
1,521,401
Total
Dive,
995,711
713,701
$1,797,839
$1,181,305
$876,335
32,430
32,648
33,945
1,510
—
1,335,210
$1,801,150
Surplus Jan. 1_________
2,773
paid—6% cum. 1st
dividendsyeaf adjustment
31,719
preferred
Prior
•
sh.
on
$1,765,409
$1,147,148
$839,6ld
$0.83
$1,40
$0.47
$0.39
298,108
Shares of com. stocknhcludes
for
provision
losses
repossessions
from
and
uncollectable
accounts receivable.
and
notes
'
.
$1,769,432
surplus June
Earns per
Condensed
Balance Sheet
at June 80,
as
1942
$705,843; accounts receivable, $2,566,041; Inventories,
life insurance—cash surrender value, $53,203; Investments
and sundry ffssets, $11,188; furniture and fixtures, automobiles, trucks,
etc., at cost (less depreciation), $95,869; improvements to leased prop¬
erty (at cost less amortization), $172,398; deferred charges, $73,193;
total, $5,571,910.
'
Assets—Cash,
$1,894,176;
Liabilities—Notes
payable—banks, $150,000;
accounts payable—trade,
accrued expenses, etc., $137,390; Federal Income taxes pay¬
notes payable, banks (not current), $350,000; reserve
for contingencies, $136,200; 6%
cumulative first preferred stock ($50
par), $1,053,000; 5% non-cumulative second preferred stock ($20 par),"
$392,120; common stock ($1 par), $298,108; capital surplus, $879,133;
earned surplus, $1,769,432 ; total, $5,571,910.-r-V. 156, p. 701.
$138,860;
$267,667;
able,
Council on Mayor's Yardstick
hearihg on Mayor La Guardia's proposed bill authorizing
the city to purchase the electric power plant or the Staten Island
Edlsoh Cofp. at a cost of not more than $16,500,000 was requested
Sept. 2 by the Commerce and Industry Association of New York.
"The enactment of this local law would be the first step to allow
A
the war
98.5%
6 Mos.
proposed to the City Council Aug. 31 that
business by purchasing the cor¬
Associated Gas & Electric Corp*
city could get the property for $14,000,000,
but added that the investment "would be amply self-sustaining'? If
the city had to pay as much as $16,500,000.
Although the city operates the rapid transit system power plants, it
never has sold power to the public.
The Staten Island company serves
all of the Borough of Richmond.
Before the city could acquire the
utility it would be necessary to submit the proposal to the voters.
Declaring the city "if it is to act, must act promptly," he proposed
the purchase be financed through the sale at public auction of a 30year serial bond issue bearing interest at hot mote than 3%.
He
gave the following report on the company's financial position:
book value of its property is $16,969,761, less depreciation of $2,631,313.
In addition, the company has cash and investments valued at
$1,800,000 and materials, supplies and receivables amounting to $800,000.
In 1941 the company had gross operating earnings of $3,813,480,
while its operating and maintenance cost was $1,817,016.
The following statement was issued last night by Denis J. Driscoll,
co-trustee of Associated Gas & Electric Corp.:
.
he
Government,
all of the remainder."-^.
Corp.—Mayor LaGuardia Favors
York City enter the public power
said
the
agreements,
In
some
own
Purchase by CityMayor F. H. La Guardia
of
the company's many
the common
Staten Island Edison
here at home so that contributions can
without dependence on foreign research. -
was the basis for 90% of Sterling's yearly net
latter category are Included the world-wide sales of
popular, well-advertised drug products.
"As to the company's ownership, its shares have been listed on the
New York Stock Exchange since 1922.
The company's stock, of which
1,750,700 shares have been issued and are outstanding, is in the hands
with
Dividend—
declared a quarterly dividend of 50 cents per
stock, no par value, payable Sept. 30 to holders
of record Sept. 13.
A like, amount was paid on March 30 and June 30,
last.
Payments during 1941 were as follows: March 29, $1; June 28,
$1.50; Sept. 30, $1, and Dec. 30, 75 cents.—V. 156, p. 790.
>
directors
research
"During the life of the now terminated contracts with I. G. Farben
the profits resultihg from the business growing out of them accounted
for approximately
10% of Sterling's annual earnings, while the re¬
mainder of the company's business,
having nothing whatever to do
profit.
on
which
medical progress
to
aspirin
abandoned
now
Tremendously increasing, in cooperation with the appropriate in¬
"6.
Gordon, who has completed 40 years of service with this
on Sept. 2 relinquished his duties as head of the
refining group, but will continue in a consulting
—V. 156, p. 615.
•
->
' ,
company,
The
in
of
Expansion
the
with
of interest or business relations with all
the Germans have an equity or participate
drugs required by the armed forces.
foreign
share
termination
companies
the profits.
in
in the
5, 1942,
Compared with 142,534,000 kwh. for the
an increase of 13.5%.—V. 156, p. 871.
associated
been
had
and
other
Standard Oil Co. (N. J.)—RetirementGeorge W.
in whose
subsidiaries in South America and
wholly-owned
Liquidation of
Mexico
output of the public utility operating companies
& Electric Co. system for the week ended Sept.
Electric
the aspirin business in Latin America,
profits I. G. Farben had participated, and its replacement with a new
aspirin business wholly owned by Sterling.
t
"3. Launching of an entirely new business in ethical pharmaceutical
products (drugs dispensed largely on physician's prescriptions)
in
Latin America and in other parts of the world not under Axis control.
156, p. 701.
200
•
adjustments
ceutical markets of Latin America.
Spiegel, Inc.—August Sales Off 47.7%—
1942—Month—J941
1942—8 Mos.—J941
$2,169,572 $4,148,132 $24,041,893 $31,243,232
the
schedule
Department of Justice conducted
Sterling
made
provision
Stillwater Worsted Mills—Debentures Called—
Plan—
1942—12 Mos.—1941
that end demonstrate the purpose of the manage¬
;
to
selling activities and increasing its advertising appropriations to make
it the most important advertiser, foreign or domestic, in Latin America,
The substantial increase in sales resulting from this added effort has
revenue
Trade
Southwestern Light & Power Co.—Earningsperiod End. June 30—<
taken
the management include:
.
'
Development of Sterling into the largest American orgahlzatlon
in the Latin-Americafl field by doubling its personnel, intensifying its
Period Ended Aug. 31—
"I
Balance
; '
keep the severance permanent.
to
"The Treasury Department and t'ne
"The
for Federal taxes is based on the rates in the
bill recently passed by the House of Represntatives,
namely, 45% normal and 90% excess profits.
This results In an over¬
all Federal tax rate of approximately 80%.—V. 156, p. 871.
Note—The
pending
He
1942—12 Mos.—1941
$2,180,183
1,084,518
revenues.—
oper.
operating
1942—3 Mos.—1941
be¬
by
$2,394,238
share——_____—
common
per
provision
poration, a subsidiary of
Period End. June 30—
contracts
nation.'
—_
renegotiation of profits
tracts, and reserves for post-war contingencies,
New
Southwestern Gas & Electric Co.—Earnings—
existing
"1.
(L. S.)
-
then
G. Fe.rbenindustrie A. G. of Germany:
Investigations this spring to determine, among other things,
had severed previously existing relations with I. G.
Farben. Their reports have not been made public but Thurman Arnold,
Assistant Attorney
General, wrote in the September issue of 'The
Atlantic Monthly' that 'Sterling Products is now rid of German domi¬
1942
1941
.'$13,774,493 $12,715,472
11,380,255
9,238,038
taxes
*
.
of
terminated
which
Court
;
following statement Sept. 3
the entry of Consent De¬
the
anniversary
first
the
separate
Its United States Subsidiaries)
(And
'
before
of
v
—
issued
President,
Jr.,
Federal
steps
ment
,
Sperry Corp.—Earnings—
6 Mos. End. June 30—
of Dissocia¬
Summarizes One-Year Record
Sterling and
29,
;
and
where the plants
"Under the company's new management, installed shortly before
entry of the Consent Decrees Sept. 5, 1941, Sterling has completely
severed all contracts, business and relations with I. G. Farben;
and
that
Profit
Hill,
in
those States
in
)
corporation
Aug.
business
do
to
occasion
tween
•
reports sales in its retail stores for the four weeks
1942, 5.98% above those for the same four weeks of
1941, and for the 39 weeks ended Aug. 29, 1942, 16.92% ahead of the
corresponding period of 1941.—V. 156, p. 871.
;
,
>
The
ended
the
on
$267,702
$188,260
$39,144
$30,328
income—
oper.
V. 156, p. 701.
;
subsidiaries are located."-
President
crees
'
licensed
be
tion from I. G. Farben—
..
.
several States,"
in
letter
offices of such
petition.—V, 156,
Commission set Sept.
The
p.
as
Corresponding week last year,
1942—7 Mos.-«1941
$1,054,358
$1,013,055
1942—Month—1941
$154,947
600
do business
license to
a
A survey of corporate names available
the
follows:
General Electric Co., through its wholly-owned subsidiaries, Electric
Securities Corp, and
G. E. Employees Securities Corp., proposes to
exercise its right to subscribe for shares of common stock
(par $1)
of Southwestern Public Service Co. at a price not less than $4.50 nor
more
than $6 per share at the rate of two shares of common stock
of Southwestern
Public Service Co. for each five shares of common
stock of Community Power St Light Co. in connection with a merger of
Community Power & Light Co. and of General Public Utilities, Inc.,
proposed are summarized
totaled
Operating revenues
Uncoli. oper. revenues..
As
obtain
throughout the United States,
continues, has led the management to select Sterling Drug
Inc.
the most appropriate."
"as
The proposed name "retains the
prestige of 'Sterling' a,nd identifies the corporation as being in the
drug business," says Mr. Rogers, further adding:
1
"The corporation at present is operated as a holding company and
has. paid substantial
income taxes on dividends received from its
subsidiary corporations. ■ Subject to the passage of pending tax legislation, the corporation may deem it advisable to simplify its sub¬
sidiary corporate structure and to operate some of the businesses now
being conducted through subsidiaries.
To do this, the corporation
.A
.
Utility
by
Standard
■
.
has
from
it
ucts,'
to
example,
subject of litigation in
eral
,
joint
Public
and
Standard Gas & Electric
$117,399,415
$5,067,410 $170,292,618
\
$8,133,207
Gross earnings
organized. or licensed to do business in a number of
the name 'Sterling Products (Inc.)' has been
New York, and the State's" Attorney Gen¬
commenced proceedings
against the ■ corporation to enjoin
doing business in New York under the name 'Sterling Prod¬
a result of
such situations, the corporation has been unable
For
States.
business,
Jan. 1 to Aug 31
1942
19.41
is
name
.
General Electric Plans to Subscribe to
A
—V.
Days Ended Aug. 31
points out that "Sterling Products (Inc.) as a
similar to the corporate names of other corpora:-
letter
Rogers'
\tions already
fixes
Sales
Southern Ry.—Earnings—
retained."
be
will
names
Mr.
corporate
has filed an
company
the
to
deem it advisable
may
...
Interest Rate on
amendment to its registration statement
the interest rate on the $20,000,000
issue of first mortgage ahd collateral trust bonds,, series due May 1,
,1972, at 4%-in place of the 3%% rate named in the original state¬
ment.
Interest on
the $6,000,000 serial notes will be furnished by
amendment,
These notes will be due $500,000 each Dec. 1, from 1943
to 1953, inclusive, and $500,000 on June 1, 1954.
The amended state¬
ment also covers 60,000 shares of 672% cumulative preferred stock (par
$100) and 185,000 shares of common stock (par $1).
Dillon, Read St Co., New York, is the principal underwriter.
The
with
'After
1942—Month—1941
1942—7 MoS.—1941
$2,221,556 $1,974,246 $14,741,205 $13,046,370
3,000
4,000
12,000.
33,000
1,557,393
1,327,627
9,851,012
8,517,100
281,787
285,170
2,222,899
2,079,086
Period Ended July 31—
Uncoil,
periods ended June
12 months'
Bonds—
,
Earnings
Southern New England Telephone Co.—Earnings—
Operating
and
comparison.—V.
of
purposes
Southwestern Public
16,062
367,100
after Dec, 31_
contr.
Reserves,
1,001,698
128,538
892,225
146,669
31
claims pay. after Dec. 31—
Workmen's comp.
Due
16,609
___
_
Annuities payable after Dec.
Surplus
for
—__
,
—
—_
Deferred
three
respective
Edward S. Rogers, Chairman of the board, explains
the passage of pending tax legislation, the corpora¬
to simplify its subsidiary corporate structure and
to
operate
some
of the businesses now being conducted
through subsidiaries."
• .
The Sterling organization comprises 29 domestic and a number of
.foreign subsidiaries, all wholly owned,
"If Sterling's corporate struc¬
ture
is
simplified in accordance with Mr. Rogers' letter to stock¬
holders," Mr. Miller said, "the 'Sterling' name will appear for the
first time on packages containing many of the company's well adver¬
tised popular drug products.
Of course, Sterling's many well-known
letter from
A
,
;
brand
-
J——
Surplus
Shs.
161,642
Revenue
Note—Earnings figures published in 1941 prior to. the enactment of
the
Revenue
Act of
1941 have been appropriately adjusted herein
261,336
231,798
the
$33,000 in
30, 1942.
$900,203
n,539,340
—
Neljprdfit
I&yidjends
279,836
$1,984,954
the
Representatives on July 20, 1942, be finally adopted, the provisions
for. Federal income and excess profits taxes, as shown above, would
be further increased in the aggregate by approximately $12,000 and
in¬
State
and
203,911
$1,434,995
exp,
income——
Federal
•
216,458
$3,393,063
Oth.
Other Inc., less
Should
tax.
1941
1940
1939
$16,451,539 $11,957,976 $16,522,296 $12,660,550
1942
June 30—
6 Mos. Ended
to 75%, in the various brackets, for excess profits
Bill of 1942, as passed by the House of
ranging from 50%
Fenn Oil. Co.—Earnings—
; South
Monday, September 14,1942
FINANCIAL CHRONICLE
of
at
1,
outstanding sinking fund 5Va%
the
Feb.
All
due
100
ginson
and
1943,
Corp.,
Street
State
gold debentures, series A,
have been called for redemption as of Oct. 1, 1942,
Payment will be made at the office of Lee Hig-
Interest.
50 Federal St., Boston, Mass.,
Trust
Co.,
indenture securing these
Boston Mass.,
is
or
in Chicago, 111.
The
trustee under the
successor
debentures.—V. 156,
p.
871.
Sundstrand Machine Tool Co.—Interim Earnings—
In
the
common
seven
was
months ended July
$15.46
before
31,
provision
1942,
net income per share of
Federal Income and excess
for
profits taxes.
Pending passage of the 1942 tax bill, the company has
set up a tax reserve of 80% of its income, with the result that net
per share after taxes was $3.09..
The board of directors on Aug. 31 declared a dividend of $0.65 per
share on the common stock, payable Sept.
21 to holders of record
Sept. 10.
ters of
Similar distributions were made In the
first and second
quar¬
1942.
,
^
i
1
,v
•J.
)
•i
<t,i
M
t-
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 156 "Number 4107
!
at July
over the corresponding, period of ,1941.
1942, the ^backlog <if unfilled orders was
and'a "half tinies larger than" a year agd.
' V
(of 48%
At
..
New Plants Under Construction—
664
/
directors have declared
'like amount was
'
cents per,-share on
,
Euclid
Operating
-Operating-
300,887,639
1,027,787
543,798
411,878
Federal
$6,191,646
$5,047,846
3,885,342
502,934
4,197,498
;
.
.
381,147
1,368,362
704,014
1,225,579
546,896
$22,213,531
$16,928,509
132,012
Taxes
(other
16,787,997
Net
1,735,038
1,868,966
"MoS: End.
•After
Cr8l,015
205,281
*
'
k
from
1939
/■
Cr78,866
15,053
202,176
$1,275,708
int.,
'minority interest.
the
844,239
.
781,719
$538,409
$2,831,204
mated
and
income
215,126
in
income
Fed.
Dr 12,211
;
Z>r86,453
69,661
//.!,■;1
322,175
$1,263,497
taxes!
524,200
$451,956
$733,237
income__,„*_..
$2,900,865
858,200
$451,956
directors
the
have
declared
stock,
common
a
no
:
$0.43
■
:
' 609,150
'^,112
,
$3,039
.'
*$321
,
*$493
*$3,858
"
payable if, as, and when
$2,617,599 for the period from Jan. 1,1934, to
156,
p. 440.
1942—12 Mos.—1941
$1,230,968 $16,018,767"$14,762,237
474,563
6,804,093
6,323,173,
598,761
156,178
101,303
1.674,817
917,856
154,552
153.158
1,724,532
1,674,092
101,500
99,309
1,203,103
1,141,855
150
150
1,800
600
!
$367,424
$42,485
$4,610,419
$4,704,661
(net)....
1,160
433
6,702
$368,584
$402,918
$4,617,121
186,687
189,028
2,260,327
2,268,330
25,000
25,000
300,000
300,000
15,227
15,002
188,429
181,431
$173,888
tDividends applicable to .preferred stocks
$1,868,365
$1,967,852
1,704,761
1,704,761
taxes
serve
77,100
-
re¬
appropriations.
;
Amortization of limited-
term
investments
*$176,555
$2,042,665
-Earnings—
1942-Month—1941
$1,378,563
expenses,
Property retirement
*$99,455
Net
$1.36
$0.30
Other
Notes—(i) Federal
for. income and excess profits in 1942 is esti1942 - Revenue Bill ; as recently passed by the House
/'
' '■
books
•pany's
*;.;■ '.:f//,.'> %V/1
_
accrual
,
at
income taxes
quarter
by the
in the Senate imposes a
12»
quarterly dividend of 71/2 cents per
par value, and the usual quarterly,
adopted
earnings, accrued on
.
oper.
revs..-
*
income
4,806
com-
Gross
including1 an adjustment; to increase
from 31%
to 40?; t
The revenue bill
of. Representatives
rate of 45%
House
-
tax
Income
1942
on
of 40%;
rate
&
first
during
recently
Tip Top Tailors, Ltd.—Common Div/ Halved—
on
^ |$62p,404
'
i
'
The
607,506
21.196
common
per
,
.'share
(
share
1,276
♦Federal taxes
•Loss,
jof Representative?!.—'V; 156, p.-702,' > ; *
>'
$628,209
50,763
2,144
:
Operating
Fed.
taxes__
income
Earns.
$1,514,520-against $1,-
was
$51,718
50,200
Period End. July 31—
Operating revenues
Drl03,502
•
after charges; but before esti¬
taxes,
"'594,964
* Deficit.
Other
provision
mated" under the
.
profits
period.
excess
the like 1941
Note—The
$25,440
499,533
*$318,128
■
,
$128,676
50,948
$55,383
earned,, amounting to
of
*
1940
before
Net
/
this year
first half of
$770
31,258
Utah Power & Light Co. (& Subs.)
,
subsid. in
$0.43
$0.76
$0.85
$24,125
8,350
69,7 ID
"
Note—No provision has been made in the above statement for
unpaid
on
the 6%
Income Demand Note,
etc.
sale
'
on
„
Inc.
*
,
69,681
—
interest
$367,293
$652,088
5,739
„
Balance
miscell.
•
(net)
Profit
1P40
.
*
$0.60
stk.
1941
$730,126
,
6,354
—
Dec. 31, 1941.—V.
operations
Inc;
interest, depreciation and Federal income taxes (excess
1942 and 1941), .proportion of earnings applicable to
in
Profit lor
•
,$514,520
pn
cap.
bond
.tax
1942
income
share
fihs.
853,696
profits
June 30—
net
pet
711
'
from
earns,
prop.,
6
«f,i29,817
«,1»025,717
879
1,317,325
8,567
14,674,81$
.
Tennessee Corp. (& Subs.) —Earnings—
'Earnings
$1,524,249
84.847
taxes
Gross income
than
"
income_„
Federal
,
12 Mos.~^1941
$92,067
127,600
on. mtge, bonds
.Other int. and deducts.,.
:
sold
'
1942
,
$158,958
expenses.—_
Net oper, revs
Rent from lease of plant
..
.-•Estimated
1942—Month—1941
revenues
.Other taxes
3,844,454
4,537,582
,
194,971
274,658
(net)
Oper, & maint.,—
Depreciation
Net saly. on equip,
company, 630
Cleveland,
Period End. July 31—
»Interest
shares outstanding as of Sept. 30, 1942, have
1, 1942, at 100 and dividends. Paytreasurer of the
Utah Light & Traction Co.—Earnings—
Subs.)—Earns.
•
-
account
25.
'
Total oper. revs.
Holders of preferred stock
■
share on
per
1st
.
Express
Ohio.
■!
bearing date of issuance prior to April 1,
11942, have been notified that such certificates of stock have been
changed into the Junior preferred shares referred to above.—V. 155,
p. 1519..
1
:
•'1 .
Ave.,
as against 99,572,of 18,243,006 kwh.,
1942—12 Mos.—1-941
71,907,376
,268,149
Miscell.
been called for redemption on Oct.
will be made at the office. Of the
system companies for the week
1942—3 Mos.—1941
79, 679,196
'
Mail
:
>
,
pass.-miles,,,
.
.
(William) Taylor, Son & Co., Cleveland—Redemption
All junior preferred
I,
year/ an Increase
237,262,593
•Mall
pound-miles, 2,931; 431,2361,801,889,093 9,409,504,332 6,460,547,427
Expr. pound-miles, 1,755 259,335
713,053,619 5,163,160,430 2,540,700,343
Rev.
plane-miles^,
5 ,877,447
6,509,983
26,443,395
24,557,126
Operating revenues:
Passenger
,967,821
$3,550,430
$15,082,008
$11,833,145
,
\
last
dividend of $2
a
cumulative
record Sept.
156, p. 872.
Period End; June 30—
resulted from a two-for-one split-up
stock paid 62Ms cents per
September, last year.
The old common
quarter.—V, 156, p. 790.
share each
.ment
-
Rev/
Oct. 1 to holders ,of record Sept. 18.
A
disbursed on April 1 and July 1, last, and on Dec, 20,
1941, on the present stock which
'In
week
same
.
•"
dividend >ot 31V*
a
output for the U. G,
the
United Air Lines Transport Corp. (&
,
•'
payable
stock,
common
in
declared
the 8%
on
to holders of
v
Sylvania Electric Products, Inc.—31 lk-Cent Div.—:
The
kwh.
18.3%,—V.
Rockford and Ann Arbor.
Rockfbrd plant will involve a total expenditure of approximately
'$1,500,000, and at Ann Arbot the cost of the project will be in the
'neighborhood of $500,000. Both plants- are- being financed- by, the Gov-
the
electric
The
:
payable Oct. T
,ended,-Sept. • 5, T942, amounted to 117,815,670 kwh.,
'
directors have
accumulations
preferred stock, par $100,
A like amount was paid
on this issue on Jan. 1,
April l and July 1, last, and on July 11 and
•Oct. 1, J.941.
The previous disbursement, t,1so $2 per share, was made
on Oct, 1, 1932.—V.
155, p. 2375.
Weekly Output—
The
•ernment.—V.*155, p. 2190,'
Universal>ictures Co., Inc.—$2 Preferred Dividend—
•
of
or
Newplants a re unde r construction, in both
;
.
'
approximately
""
Commission.,
The
began.
a gain
.
.
Aug. 22,
three
;to notify the
31,
gain of 42% : Company has had no hank loans since*the^war
Ih tlie seven months ended July 31, 1942( shipments-showed
•a
Sept.- 4 by the SEC..r Parties wishing to intervene have until Sept, 21
figures indicate. a net working- capital position of. $1,433,1942. This compares with $1,006,418 at* the year-end,
: Unaudited
•798
967
and
rate applicable
Int.
.
to earnings in 1940
24%
was
-
.
on
mtge. - bonds
debenture bonds
on
Other
.
income
Interest
pending
now
int.
and
deducts.
Interest charged to con¬
and in
-
$4,709,467
-
'
'
1941
703.
p.
struction—Cr
Earnings-
31%,—V. 156,
was
Net
8,146
.
"dividend of $1.75 per share on the 7%
preferred stock, par $100, both
payable Oct. 1 to holders of record Sept. 19.
Previously the company
made quarterly payments of 15 cents per share on the common stock,—•
.V, 145, p. 4130.
-!. V
.V
United Drug, Inc
6 Most End/ June 30—
/
*Proflt
1942
before Federal. taxes
256,536
Tobacco & Allied"
6 Mos. End. June 30—
••
>.
Stocks, Inc.—Earnings—
"
• ..•
!/:Net'prdfitr'^.,-^!__-./V—/ $368,139':
$518,637
$0.37
earned
.
.
--''
■
1942ji
,
Balance
■
Earnings per, feommon
•;,
"
share/_i._.^r.._i^
*After depreciation and bond
$0.67
interest!
Total income
.'Expenses
$128,123
$127,022
13,159
:
L—
—
tDividends
Continuing the. trend shown in the first quarter^ sales for the first
of this year showed a gain of nearly $8,000,000 ^over the first
half of 1941. an increase-of appioximatelv 17v;.
Tn this ronn»>',ti'>u.
13,995
■
'■ .7,542 ;
5,000
/—'—"
inc. & defense taxes test.)
.
3,500
;
diminishing stocks of certain
sibiar-ies
Net
income, before profit on
sales pf seeurs.
$102,422
,
$103,527:
,,
■.
$7,955,551.
Asseti*—Demand
Sheet,' Jane 30,
in: banks,
deposits
1B42
investments,/'at cost,$425;
$163,319;
;t. •
Liabilities—UnsecUfed
to
payable
note
due' Oct.
bank,
1942,
.
.'$750,000;'accounts payable and sundry accruals, $4,470; Federal capi¬
tal stock. State and city taxes, $4,033; reserve for Federal, income tax,
capital stock (67,013 no par shares), $2,321,565;
paid-in surplus, $1,160,782; other capital surplus, $482,249; earned
surplus, $84,775; total, $4,818,548.—V. 154, p. 1633. ■ . •
estimated,
partial
factors
,The
$10,672;
to
.
these
factors,"
unfavorable
-
Galvin
Mr.
$5.50
stated, "the company is receiving an increasing volume of war orders.
2015.
_
United Grain Growers,
.
i
Todd Shipyards Corp.—New Director Appointed—
Elinore M. Herrick has been appointed director of personnel
and labor relations of this corporation.
Shevhas tendered her resigna¬
tion as regional director of the National Labor Relations, Board, to
become effective on Sept. 15, it was announced on Aug. 29.—V. 156,
:
:
,
net
revenues
Purchased
Earnings—
directors have declared a dividend of
1942—12 Mos.—1941
$222,283
$219,691
$2,828,648 '! $2,659,536
July
pOwer__
Maintenance
for
Prov.
State Ac
943,689 :.
26,064'
332,213
15,690
taxes,.
618,277
74,485
21,626
depreciation,-'.
49,663
16,376
191,465
•
State .taxes
193,881
16,122
:
1,357
5.319,
4,400
6,687
124,331
$28,488
$33,235
$447,969
income
501
304
tax,,,,
.
.
-
'
U.
S.
2,939
Bond interest
Net
.
,8,166
8,141
-!-!-
2,839
deductions
income
$448,273
/ /
$518,308
"
$5,884.
,-
96,059
-
87,909
.
.
2,611
63,523
V: 33,254
$11,798
$154,755
;
'
and
estimaiea
applicable to
normal
and
Public
"
'
Sheet
June
30,
1942
/
«'
,
»
-bonds!!!-/-.,-^---!.--!!--!.----™----:^; $8,828,431
—!>^
municipal
.248,538
provision
lUi
rcucitti
mtuuic
77,625
WA
aui
;
.
wc
.
bonds and stocks—
260,820
Accrued. interest———■_/:—•;
.;
!.
Liabilities—
•
unearned
for
the year 1942 have been computed at a 40'» rate for.
The estimates for 1942 -are.without adjustments•
and
$4,302,720
claims__/!_——
2,829,155
—
surtaxes.
Funds held under
Commissions
A
of Post > War Planning, whose
political and economic changes and
assignment. is to study
their possible effect on
by this cor¬
departments of our. company," has been appointed
poration, Alex Caldcr, President, announced on Sept. 4.
position will be filled. by Donald Johnson Hardenbrook,
until recently Chairman
of the board of the Institute of Applied
Econometrics, New York, where he was associated with Dr. Charles F;
Roos in economic research.—V. 156, p. 702.
The
new
Herbert
He
will
Since
P.
Luce
continue
activities,
has
been, elected a vice-president of the
in charge of the
covering the entire
1938.—V.
company.'
-V.
!—_
The
$140,572
18,252
!
—
Management
Corporate
Capital; stock
■
Prov,
and
for- Fed.
$160,956
: /
•
$167,627
19,982
>
-_!!^
expenses
expenses
■
3,524
_!
sundry, taxes-!-,
•'
9,258
$149,830
20,239
/
16,609
3,032
.4,244
4,100'
bank—ja
5,325
'
5,304
700
inc.. &
defense taxes
♦Excess of income
over
7,742
;
1 i
~T667
•
$129,105
expense—
Dividend on $5.50 div. priority stock
♦Without giving effect to results of
Assets—Cash
$138,351
total,
79,399
transactions,
Sheet, June 30, 1942
in
banks, $487,098; dividends
general market securities, at
accrued, $31,417;
$119,488
75,099
74,014
security
receivable
and
interest
market quotations, $4,-
$5,405,335.
unrealized depreciation (net) of general market securities
owned, $2,354,056; total, $5,405,335,—V. 155, p. 2102.
Viptor Chemical Works—25-Cent Dividend—
The
on
directors
the
Sept. 19.
30
on Sept. 4
declared a- dividend of 25 cents per share
stock, par $5, payable Sept. 30 to holders of record
capital
cents
A similar distribution was made
March. 31,
on
1942.
on
June 30,
Payments during
1941
March 31 and June 30, 30 cents each; Sept. 30,
45 cents.—V, 156, :p. 616.
Period Ended July 31-t-
Operating
Operation
revenues-^—.
last,
were
as
as
against
follows:,
35 cents, and Dec. 27,
on
Sept.
with
$7.75
Jan.
9
on
1,774,053
2,630,312
♦Federal income taxes-
590,800
263,100
4,826,200
Other taxes—
2,440,391
2,522,441
2,038,395
35,727
;
Net
1,250,000
'
Other
oper.
-7,295,822
i
declared
the 7%
a
dividend
of
$8
share
per
on
cumulative prior preference stock,
1 to holders of record Sept. 21,
on
This compares
May 1, 1942, and $1.75 each
on
V.
have
stock,
declared
payable
a
Sept.
dividend
30
155,
to
of
p.
June
30.
2375,
25 cents;
2288.
Sept. 30,
40
holders
with 30 cents paid on June 30,
30, -4942.
Payments during 1941 were
compares
cents:
179,173
2.300.108
$462,130
$5,321,402
income, net loss/
Balance
.28,814
—
.
2,467
,
121,919
$5,625,591
44,991
$459,664
150,811
150,791
——
$219,784
$308,873
Balance for
♦Accruals
cents
of
share
per
record
Sept.
last, and 25
as
follows:
cents
March
common stock
for
1942
and
Federal
:—
surplus—,—
income
(normal
,
$5,199,483
1,816,473.
$5,580,600
$3,383,010
1,171,602
$370,596
amort.—
Balance
$3,814,011
1,171,602
1,766,588
$2,211,408
$2,642,409
surtax)
and excess
and
profits taxes are based upon the 1941 Revenue Act plus an added
provision of approximately $1,500,000 for additional taxes which may
be required under the proposed
1942 Revenue Act.
This additional
amount is being spread monthly upon the basis of taxable income. The
amounts shown above for Federal income taxes include provision for
estimated excess profits taxes of $3,208,800 and $829,300 for the 12
months ended July 31, 1942 and 1941, respectively.
For comparative
purposes
1941
Universal-Cyclops Steel Corp.—Larger Dividend—
-.20
216,011
$399,410
revenues
2,000,000
2
directors
8,369,490
2,169,230
25,
common
9.952.107
167,069
210,167
and April 1,
1942.
Payments during 1941 were as follows:
$1.50; May 29, $2; July 1, $3; and Oct. 1 and Nov, 22, $3.75
Arrearages after payment of the current dividend will amount
to $8 per share.—V. 155, p. 2288.
This
771,783
177,066
each.
March
$2,053,422 $27,199,359 $22,770,361
938,126
225,584
Co.—$8 Accumulated Dividend
paid on July 1, last, $6
1942—12 Mos.—1941
1942—Month—1941
$2,546,998
.
—
Preferred dividend requirements
States Leather
directors
The
reconvening on Sept;; 29 -the. proceedings, to determine
-whether" the fcompanv ,»should be required to divest? Itself of •> direct or
Indirect interest in the Public Service Corp. of New Jersey was issued
1940
$149,375
22,605
bonds-
on
Depreciation
$20,549,703
$100. payable Oct,
par
156, p. 519.
order
1941
$138,351
stocks-^
93,477
4—
account of accumulations
the
An
on
Maintenance
155, p. 608.
United
company's leasing and real estate
He has been with the company
Co.—Hearing Ordered—
30
1942
Interest and
country.
United Gas Improvement
*
six months ended June 30, 1942,
equivalent, to $72.95 per share of the
priority stock is entitled to $100
788,684
—
Accounts payable————
Voluntary special reserve-!—
Voluntary contingency reserve—
Capital paid in
-Surplus w—
■—
Feb.
Stores Corp.—New V.-Pres.—
United Cigar-Whelan
the
The
148,646
brokerageand other taxes—-—!—
Federal/ State
Total
maneger
"social,
date
stock.
454,214
/
Union Bag & Paper Corp;- -Post War Planning Man-
all
of that
1,263,741
—
reinsurance treaties
and
-
,
87,518
—*
Appointed—
79l.
Virginia Electric & Power Co.—Earnings—.
vl
premiums/!—!—
Reserve for loss adjustment expenses-.-——;
Reinsurance reserves
'
[or
ager
41,149
_!!_—!!!!——!?—-r_—!—; ';63,595
Reserve for-losses
puuuuo
439.
on
528,223
and -stocks—
bonds
stocks—1,137,266
—;
4,471,578
Cash
———!!!
:/!!___—.
:
*
.'!., • 4,471,728 '
Premiuius, not.over three months due!—
498,376
Reserve
77,625
possible deductions for the amortization of . defense or war facili¬
ties or adjustments which may arise in connection with the proposed
Imposition of the assets of the company.
tDividends oh cumulative
y/r- preferred stock all owned bv New England Public Service Co. are
in arrears since March 31, 1937, and amount to $414,000.--V.. 156,
to
pre¬
paid
N-.1;Total!!!^!.!/_—/!-_/-!—!; $20,549,703-
171,850
171,850
$7
on
were
cumulative.—V. 156, p.
Earnings for Six Months Ended June
utility bonds and
"
6,469
share
Liabilities—Account payable for securities purchased—not received,
$8,878; accounts payable, accrued expenses and taxes, $7,299; reserve
for Federal income taxes, $4,100; $5,50 dividend
priority stock ($1 par),
$73,814; common stock (10 cents pari, $56,755; surplus, $7,608,545;
'
"14,320
6,469
?Tne
i* *1;
f
'.Other''assets
:
Pref./div. requirements:
14,320
are
1942, amounted
a
stock,
to
886,820;
Reinsurance receivable'———■
;
$263,203
(
161.
——
133,936
133,936
,
met),..,
interest
Other
/
11,161
11,161
u~~L^-r-
Other
•
$33,736
$28,025
income
'U
'
Industrial, etc.,
•'
Gross
'
'
Government
State
-
;
these stocks
Balance
Balance
'
<
;
Railroad
Net. operating income,
Non-operating income!.!
the
record
United States Guarantee Co.—Balance Sheet—
•
$515,369
Dr463
-
68,231
!
of
holders
July. 1 and Get. 1, $1 each, and Dec, 29, $2.—V. 155, p.
63,776
111,559
v
to
the company .made
i7,82i
1,302
•
1
297,570
-
as
priority
last.
i
;
50 cents per share on
Oct.
.
97,386
5,015
•
Federal taxes
payable
,
767,613
86,351
6,505
1,
value,
par
no
A similar distribution was made on this issue on April 1 and
Federal &
Social secur.,
Federal
-
preferred
-
During 1941 and prior to the two-for-one split-up on Jan. 24, 1942,
the following payments on the old stock:
April 1,
594,561
54,353
80,043
11,371
—
munic;
stock,
; common
Sept, 11,
—-—i-—v
$6
United Illuminating Co. of New Haven—50-Cent Div.
1942—Month—1941
—
on
on
corporation for'
of
assets
dividend
Interest-—-paid to
The
Period End. July 31—
Dividends
Interest earned
.
•
Operating
Operation
unpaid to July 31,
amounting to $1.75
share
a
,The
.■
- The directors have declared initial dividends of $1 per share on the
5% xionrcumulative preferred A stock and. 25. cents per share on the
class B stock, both payable. Sept. ;15 ..to holders of, record July 31.
—v. 154, p. i60i. >.
!;•-.
f
"" ""
Twin State Gas & Electric Co.-
and
dividends,
$1.50
Income—cash dividends
Ltd.-—Initial Dividends—
current
share and accumulated dividends,;|q. invdluiitary:liquidation and
$110 per share and accumulated dividends in voluntary
liquidation,
net assets as shown in the respective reports amounted to
$75.25
per pl-iority share at Dec. 31, 1941,-and to $82.21 at June 30, 1941.
our
;
$263;09t
the
per
manufatturing companies are actively engaged in filling
orders, including one of our larger subsidiaries which now
devotes, over 90%.
of its operations to war work.
The company's
laboratories are developing substitute products to relieve some of the
"expected shortages in raw materials, as well as undertaking special
-work -in connection With the Government's war
program."—V, 155,
; p.
Mrs.
790.
accumulated
and
report
shows
offset
$54,600'for
Utility Equities Corp.—June 30 Report—
types of .merchandise in the retail subwhich may tend to retard the present
Total
p.
of
for the 12 months ended July 31, 1942, additional
required under the Revenue Act of 1941.
Latest
stock
July l, 1942.
Government
'
1,
.adverse
are
a
Several Of
.
$4,640,911; dividends receivable, $13,892;, ,air travel deposit,
furniture and/fixtures, at nominal amount, $i; total, $4,818,548.*
..
>"As
'''•
-
•
ferred
increasing rate of volume.
-
•
Balance
taxes
however, Joseph A. Galvin, President, observed that the growing scarcity
of some raw-materials- used
in the
manufacturing companies and
.
.=•
amounts
Federal
and, $323,200
to the
half
'Interest paid'
'Provision for Fed.
provisions'for
month
.
.
$163,604
—
♦Includes
;'l941'
$127>7811
~'
w—
/;
$125;195
Stock loan premiumreceived—'
:
342
- .
205
Interest earned.—
—/v-, '
1,622
Income—dividends
$141,670
—
$775,173
2,342,848
Federal taxes
•
P41
.
$3,310,987
income
Federal
have
been
September,
income and
restated
excess
profits taxes for each month of
to give effect
to
the Revenue Act enacted in
1941.—V.. 156, p. 791.
on
15.
on
29,
45 cents, and Dec. 29, $140.—
Walgreen Co.—August Sales Up 17.8%—
Period End. Aug. 31—
•./_!—
Sales
—V,
156,
p.
616.
1942—Month—1941
1942—8 Mos.—1941
$8,541,959
$74151,858 $62,658,227 $54,250,340
968
♦
,
.
,
.
Monday, September 14,1942
THE COMMERCIAL & FINANCIAL CHRONICLE
..
,
.
redemption
(& Subs.)—Earnings-
Virginia Public Service Co.
194£
1941'
$13,077,201 $10,918,847
Operation
w
-c
,—
—5,031,625
4,004,270
Maintenance
———i-——
699,914
' 618,791
Prov
for retirement (deprec.) of fxd. capital,1,631,767
1,347,743
Federal
income
taxesJ^--—633,370
.570,787
•Federal excess profits taxes—
———
1,159,318
881,437
Other taxe3
1,013,937
Ended June 30—
Twelve Months
Gross* operating
revenues-
■;
>.
.
9 Mos. Ended
—'——
—
Profits
from
income,
Other,
1942
July 31—
operations——
——-£—•*-
1941
_
$7,692,915
113,758
$9,083,123
2,899,044
239,928
1,365,000
2,265,000
$7,579,157
V Period End. June 50—
'
"""
36,940
credited
been
surplus.
to
Sept.
on
Federal
Fed.
declared a dividend of 25 cents per share
8
Cos.r—Earnings—
for
52,366,656
profits taxes
41,239,775
" 9,239,528
64,233,843
48,840,667
13,730,785
14,393,065
6,731,712
11,568,401
18,280,82 1
20,716,8 1 7
tax
normal
income
*
■
.
""2,4il,ob5
2,273,311'
5,544,048
1,693,977
1,422,177
2,852,087
2,658,237
$1,507,196
$1,715,393
$2,763,252
80,0.92
165,677
183,700
4,547,003
Spencer
I
§teel Corp.-r-Broxies Sought—
headed
Joseph
.
letter
a
,
by
stockholders
to
——
income
and
Cash
——
•
of
stockholders
funds—\i_c—,
working
special
Miscellaneous
—
receivable
vote
to
the
reserves)
discount
debt
Unamortized
work
Retirement
for the removal of the present 10
who yould „then-negotiate, for
"
.
/
that the Wickwire^Spencer Steel Co.
130,928
155,923
1940
173,007
; $203,334
52,947
$145,776
32,551
16,51(1
82,625
28,670
24,903
6,393
2,238,736
1,291,912
1,009,241
960,052
896,702
283,212
130,136
139,317
68,412
121,205
415,884
$383,530
railway—.-
income—
oper.
$136,672
>
Net
ry.
railway.
from
Net
—V.
raiway—
from
Gross
156,
But
Pfd.
($1 par)
stock, 782,000
Common
Long-term
Long-term
Accounts
debt
9,420,400
——
—
9.420,400
36,946,370
36,649,000
112,808
accrued taxes
Other
Other
Unamortized
premium
Total
reserves'
•
profit
—i-j—.
•-,
1-'Earnings per common share—^
"After
interest,
depreciation (and reserve of
16,701
13,073.998
—-
7,670,468
196,316
156,
3,249,606
revenues
Operating
expenses—.
"Federal
Other
taxes
taxes
453,275
132,024
—
—
97,525
j.
^
res. approp.
Prop, retir.
$971,566 $11,626,705 $11,383,172
560,460
5,279,522
4,821,433
88,187
1,290,122
1,128,621
"
103,903
1,158,367
1,185,859
91,158
1,090,035
1,098,739
$998,781
Operating
90,753
$225,204
$226,828
$129,669
mtge. bonds——
64,167
64,167
deducts.
16,360
15,840
Net
income
Gross
Int..
on
Other
Int.
revenues—
oper.
and
int.
chgd.
Balance
Payrolls, commissions and sundry
payable
Accrued
$1,593,935
taxes on income)—,
taxes___—1-,—
than
Canadian
—
Capital
surplus
par)
Gains—
Wellington Fund, Inc.—Reports
The
1941,
31,
Dec.
—Ui.-
Total
"After
V.
155,
"
A
S.
preferred stocks,
in
6.52%
Bonds.
War
his
In
.Interest
bonds-
on
Dividends '
■
Morgan
,
.•
(including
to M-700,
net
income—
security
from
EXCHANGE
FOREIGN
•'
o1
the
'
CERTIFIED
RATES
three
with
himself
the
as
before signing
———-
$168,020
—————_————
$799,281;
Liahi'itms—Federal
$11,789;
taxes,
custodian
dends on own shares
surplus,
I
1942
30,
marketable
$5,919,688;
fee,
June
161,038
_
accrued interest • and dividends receivable,
investments at cost (market value, $4,705,742),
furniture and fixtures, $1; total, $6,754,720.
Assets-—Gash,
$35,750;
$6,249,856;
$3,273;
State
taxes,
and transfer agent fees,
sold, $20; capital stock
earned
surplus
since
$.l.all; management
$4,894; accrued divi¬
($1 par), $463,899; capital
July
1,
1939,
$19,077;
Argentina, peso—
Aug. 31—
Retail sales
Wholesale
sales
Combined
-V.
•
156,
sales-
1942—Month—1941
1942—8 Mos.—1941
$2,653,000
$3,952,000 $21,606,000 $25,084,000
1,944,000
2,896,000
16,638,000
18,569,000
$4,597,000
p;' 704.
156, p. 872..
Co.—Special Offering—A spe¬
1942—8 Mos.—1941
1942—Month—1941
York Ice Machinery Corp,—Correction—
total
A
called
ment
Oct.
Lives
on
of
1,
$301,000
1927
first
of
sinking fund gold bonds
reported! have been
€%
mortgage
1937, as previously
(not Oct. 1,
of Oct. 1, 1942, at 102 and interest.
Pay¬
will be made at the office of the Pennsylvania Co. for Insurances
for
redemption
and
Philadelphia,
as
Granting
Pa.—V.
Annuities,
15th
trustee,
and
Chestnut
Sts..
155, p. 872,
Auction Safes
Transacted by R. L. Day & Co., Boston on
Wednesday,
Stocks
Shares
18
Eastern
Equities
Corp.,
$ per share
par)———11#
($5
common
-Per Cent
Bonds
Broadway
2,300
<fc
41st
1,
April
31 Vs x int.
—
—
Bouve-Boston School of
2s, Oct. 1949—
3V2S,
Building
Street
reg.
Physical Education Income
$15 lot
the Federal Reserve Bank is now cer¬
fdt cable transfers in the different countries of the
4
$6,843,000 $38,344,000 $43,663,000
/
.
,
TO SEPT.
10.
\
/
v
•••••.
1942 INCLUSIVE
Buying Rate for Cable Transfers In New York
Sept, 5
$
.297733*
Official——
pound—
Official
States Money
In United
Sept. 8
Sept. 7
.237044*
3.228000
3.215033
3.228000
——.—
—
3.215033
•■• ■-•■
--
...
3.228000
——
Canada,
.060580*
.051422*
Official—
Free__
.060580*
.051422*
.909090'
dollar—'
Colombia,
England,
.
•
-
.570600*
.570600*
peso
.872187
.872678
.878125
—
4.035000
.060580*
.051422*
.051422"
'
•,
.909090
>
.872678
)
.909090
.871339
.570600*
.570600*
4.035000
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.205725
.205725
.205725
.301215
.205725
.909090
.875625
—-r—
i
Free
.870416
Holiday
;
pound
Africa, pound
of South
—.—
—
3.980000
3.980000
Holiday
3.980000
Controlled
Noncontrolled__r^_.—t—
.5272P0*
.527200*
,,
.527200*
>.
,
.
i
.
,
;)
•
f
;
♦;', v-
♦
.
r.
i.
.
s'
i >•.
t
•
»
t!
'<
r;
.
3.227833
3.980000
.658300*
,..527200*
.527200*
'
rate.
.868541
'
.658300*
.RFi8?on«
.658300*
.658300*
.909090
.870000
3.227833
3.980000
3.227833
3.227833
:
.909090
.909090
.870000
3.227833
Uruguay, peso-
♦Nominal
'••
4.035000
4.035000
.909090
rupee
.301215
.205725
Zealand,
%
.570600*
Holiday
4.035000
4.035000
—
—
(British),
Union
3.215033
•
V',
—
pound sterling—
Official—
New
•
—
Free—
India
*
-
.060580*'
.051422*
.909090
-.237044*
3.228000
3.228000
3.215033
v-
$
.297733*
.237044*
."
3.215033
.060580*
"
.297733*
.237044*
Holiday
...
...
Sept. 10
$ "
./
.297733*
;297733*
'
':Sept. 9 ''
,
$
$
Newfoundland, dollar—
Supply Co.—August Sales-
Period Ended Aug. 31—
mis¬
should await
$33,675,114 $30,712,851 $250,278,822 5218,145,851
—
....
Official
Auto
this
out
156, p. 616.
.237044*
•>
total,
$6,754,720,—V. 156, p. 440.
Western
to
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
$
3,647
——$144,275
Sheet
entitled
August Sales Up 9.6%—
Period End.
Sales
Value
23,745
Balance
sent
and
proxies whatsoever."—V.
any
Woolworth &
1944,
Sept. 4
•
transactions^————
period
paid
head
The stockholders for their own protection
.909090
Dividends
for
become
hour and 12 minutes.
and Monetary Unit
Brazil, milreis—
income
since
A total of 153 purchases were
through 45 member firms, with 800 shares being
the largest block sold and 10 shares the smallest.
un¬
FEDERAL
BY
SEPT.
+
Country
142,077
Management fee i———
Net
have
trust
at
made
Noon
$164,373
————'——
—
termination
present and
was
prepared a form of com¬
certificate holders who by
•
Australia,
Total
Murray
of Section 522 of the Tariff Act of 1930,
13,403
profit
Mr.
commission of 50 cents. The offering was completed in
one
bonds dated
both inch), has been called for
$177,776
Total
Ordinary
which
The referee has
be sent to the
to
cial offering was made Sept. 8 by Shearsont Hammill &
Co. of 20,000 shares capital stock (par $10) at 28 with
$43,088,514 $32,196,238
—
Deductions
Net
as
stockholders.
of
(F. W.)
tifying daily to the Secretary of the Treasury the buying rate
world.
We give below a record for the week just passed:
in cash and
also stated that Wel¬
outstanding, the highest in
\
:
the Six Months Ended June 30, 1942
i
———_——
$35,699
Mr.
——
—
McManus
Hearings have
Foreign Exchange Rates
lington Fund had a total of 463,899 shares
the history of the fund.
.•
Earnings for
J.
Terrence
on
approve same
first mortgage 6% serial real estate
(Nos. M-338
1935
1,
Pursuant to the requirements
.
stockholders,
to
message
one
no
of the period amounted to $11.98
in bonds and .15.96%
13.60%
referee at
proxy
letter.
leading
Williams & Co., Inc.—Notes Called—
total of $63,000 of
April
$5,518,905, compared with
increase of $129,393 for the
commenting on the report, Walter L. Morgan, President, reported
assets
of the fund were
invested 63.92% in common stocks,
.that
with
the referee's approval.
1024.
p.
(R. C.)
*
1941.
31,
of
the order of Mr. Justice John E.,
Supreme Court.
The Court has
State
of $11,513,021 in 1942 and $11,073,693 in 1941.—
after payment of $.36 per share in dividends during the
This compares with a net asset value of $12.33 per share as
Dec.
In
offers.
Murray
know
receipt of the letter that will be sent to them only after the court shall
625,000
20,180,151
126,439
amortization
and
depreciation
for
reserves
adjusted retirements)
to
an
or
Mr:
We
Sept. 9:
1942, shows
30,
misleading.
676.902
,
625.000
20,180,151
1.897,751
—'——_
—i
share
period.
U.
of
Net asset value at the close
period.
per
of
as
period ending June
amounting
value
market
at
$5,389,512
six-month
the
for
report
assets
..
Judge McGeehan held a special session of
Aug. 31 on the referee's report, and his decision is now
being awaited.
Mr. Murray, without waiting for the court's decision
on
the type of communication
and proxy to be sent out, formed a
$1,000
net
.
which
$19
amount.
holders
that list without
1,788,258
340,939
1,449,737
,
—
—
Earned surplus
914,756
9,566,271
283,062
2,116.782
——
—
($1
stock
•
income
income
Common
$1,500,000
3,648,261
1,704,302
156,250
——
$5,497,381
2,007,360
payables-—__
—————-———
(other
taxes
and
Deferred
that
York
New
certificate
of
the
right of
$43,088,514 $32,196,238
—
Federal
is-now
1
—
Dividends
*
specific directions that no communications are to be sent
and
court
the
most
as
of
participated.
the
185,651
Accounts
for the current
1942, additional
required under the Revenue Act of 1941.—V. 156, p. 616,
amounts
to the
of
virtue
letter
before the
he
the
—V.
431,093
——:—————
payable—banks —--i-—-----—/;
payable—trade —
—:———
Notes
provisions for Federal taxes of $35,275
$228,671 for the 12 months ended July 31,
and
month
622,513
held
munication
dated
5,080
$1,362,356
582,684
Liabilities—
$2,216,453
622,518
——
185,872
drawings.,—————1
charges
Reserves
——
"Includes
.
2,424
$1,984,874
$49,662
$146,301
——_
applicable to preferred stock
Dividends
•
Total
Republic-SteeL Corp.
4:.
Sept.
is well familiar with
the
list
to anyone on
2,234,175
and
of
a
with
3,932,181
names
$3,185,550
770,000
204,177
constr., Cr
to
income
Net
15,451,817
2,237.692
—„
—
Deferred
$3,148,520
.37,030
$2,849,046
770,000
96,596
1,816
—
$2,808,659
40,387
$127,853
Other income, net— __1,624
8,170,826
Patterns,
1942—12 Mos.—1941
1942—Month—1941
$1,453,031
"Buildings, machinery and equipment—4,172,690
dies and special tools, unamort. cost
415,037
Goodwill, patents,
models, trademarks, trade¬
Washington Water Power Co. (& Sub.)—Earnings—
that
and
than
more
offer
an
Murray
lodged
a
1941
1942
$2,973,931
Receivables (net)
'' 13.785,894
Inventories'—--—--——— —————.
18,851,839
Sundry invests, and receivables at cost or less—
220,275
——■■
—
Land
Period Ended July 31—
Sheet, June 30
Assets—
Cash
$61,653,311 $60,755,256
—
Balance
Consolidated
made
McGeehan
1942 for
in
Federal
for
520.
p.
$1.26
$0.94
amount i'or increased rates.
178,216
"3,478,966
1933——-.
1,
791,355
590,003
$250,000
incident to cessation of war business) and $7,199,000 in 1942
income and excess profits taxes, including an estimated
'••■•■'■
\
expenses
"18*364
6,802
Jan.
——
"Deficit.—V.
178,899
his
regard
committee
1942
1941
$55,409,421 $29,603,556
———
"Net
135,035
63,441
(& Subs.)—Earnings—
White Motor Co.
Six Months Ended June 30—
1,464,874
aid of construction.-—
since
surplus
Total
553,314
,
188.294
—
:
—
Contributions in
Earned
debt—:
on
Sales
credits—
deferred
Other
353,041
149,368
advances for construction——
Customers'
535,036
493,750
—
accrued liabilities---—-
and
current
412,301
999.015
debt——
liabilities.
accrued
Other
420,876
462.237
———
—
Interest accrued on long-term
182,000
361.293
year-
one
deposits ———■
—
Accrued Fed. inc. and excess profits taxes_
Customers'
has
which
8 declared a dividend of 50
411,310
debt maturing' within
payable
——
present,
following statement on
referee
cents per share on
the common stock, payable Oct.
15 to holders of record Sept. 18.
A
like amount was paid on April 15 and July 15, last.
Payments of $1
each were made on June 30 and Dec. 15, 1941.—V. 156, p. 792.
$782,000
$782,000
shares—
shares—J—
($100 par)
94,204
stock,
we
who
."Mr.
38,303
Co.—50-Cent Dividend—
Western Union Telegraph
The directors on Sept.
Liabilities—■
the
to
stock—even
this
been
$61,653,311 $60,755,256
—
the
'for
520.
p.
states
committee
;4,Of course we would like to see. stockholders get as much as possible
'
•
"
income—
oper.
.
-,
terminate the voting trust of' the Wickwire Spencer company,
to
made
1939
1941
.
Total
1929
right
qf Alabama—Earnings-
railway
from
ry.
board,
^operating the company's two furnaces.; It adds that competition from
From Jaan. 1—
61,183
369,333
Other deferred debits——
■
from
Net
70,670
14.233
—
Ry.
the
company.
;is not properly balanced, that only one Of. its rblast» furnaces was used
from
1942
Net
1,294,210
320.716
in progress.
work in progress——
Other
770,970
117,759
to
proxies
"V'the big steel companies after the war would leave Wickwire's plants idle.
Charles Allen Jr., head of Allen &: Co., who have been leading a
" J
;r
July—
388,506
127,692
———s——.
and expense—>
168,
p.
the
Murray
'
573.361
Prepayments
156,
Western
1~956
814,120
—
—
-V.
Gross
Materials and supplies
$2,942,579
,
"
•
soliciting
company
proxies
five .to
elect
and
of
sale
The
•
retire.
for
divs. & surplus
res.,
(less
etc.
customers,
from
526,508
.
260,032
1,415
-
535,068
$2,393,860
$1,532,290
$3,469,087
263,195
deductions
avail,
Bal.
1,601,820
320,000
—
—
receivable
Accounts
•
696,371
deposits——
$2,928,929
$1,795,485
$'.,321,398
-L
the
1,174,713
528,620
2,541,330
$1,592,236
270,838
earnings
Interest
490
Temporary investments
Notes
Total
■
1941
.
of"' Holyoke, MassM has
Murray
this
cash for the assets of the company, or .the, equivalent „of about $16 a*
;
.' >•■...•. «
''
'•
'.•••■-•_•""• •.•••;
The procedure as outlined in the letter calls for a special meeting
,
directors
.1,168,713
W.
of
•share.'
profit
Operating
$54,588,266 $54,315,234
„
V$«.33i'-S?'T,:"$5.7077^fr^$7^5:>'
company's estimate of probable taxes.
are
'approve, sale pf
$3,285,387
85,040
li'S
expenses
—
Other
special funds--————.
8,337,941
Wickwlrq, stoc^at $19,per.share, pr.better,-in. casll*
V V ^ -Tlwi-^omifiiirt leaMon'^ -to
purchaser.'
Last year the Republic Steel Corp.
offered $10,698,131
,
$5,612,178 •;.y$5.4101882.,.$l1,159)387^1P.480,627;
Operating:
—
Miscellaneous
90,852,605
8,395,264r
r" '$2.'14)vnv;"7
......
committee
sent
1942—12 Mos. —1941
1942—6 Mos.—1941
——
jpqr cbm. share
Wickwire
A
(And Its Constituent Companies)
.
etc.——...
physical property,
other
Plant,
.Investments <
Sinking funds
29,203,193
4,395,169
price of .which may be; subject to
—-i*
1
Consolidated Balance Sheet, June 30
1942
'»"»■**»*
• -
—-
'
Assets—
* r»
renegotiation under Section 403 *
.of the Sixth Supplemental National Defense Appropriation Act of 1942.
—V." 156, p. 440.
1-"'*
' ' •'
cents per share- in
.
Operating
L'
Also, the company, and its subsidiaries, are parties to various contracts
'the
quarters.—V; 156, p. 264.
Western Massachusetts
Taxes
' '1942—12 Mos.—1941
L«<"\
W
«
Note—Federal taxes shown
was
Period End. June 30—
*
f
238,271,213 175,557,093 431,808,244 299,499,664
•—
taxes
excess
Earns.'
Inc.^25-Cent Dividend—; vs^ j
..••,
'
!/.
.
542,267,334 300,301,952 824,774,016 565,222,983
-703,328,980 340,440,794 703,328,980 340,440,794
-
before prov.
Federal
$1,331,281
cnaCted,:.by,;Cpn-jJ\
>'
'*
*
*.u
—
-
billed
inc.
Net
payable Sept. 30 to holders of record Sept. 25.
made on: June 30, last; as compared with
stock,
distribution
each of the four preceding
The provision for 1942 is based oh current taxable net income
regard to the tax saving arising from the refunding program
consummated in "June, 1942, amounting to * approximately "$396,060
has
unfilled
Sales
$3,382,624
$2.97
$2,314,151
$1.79
per' share, paid on March 31,11942; and 75•
v50 cents
,
without
which
199,735
1,118,000
176,500
Net
common
similar
A
10,483
;;
$816,618
---UnjBtliyr
—-
;
;
,
directors
the
on
Cr34,806
excess
gress.
per
156, p. 704.
The
39,841
'
profits-tax includes $674,257 provided
in 1941 and $485,061: provided in 1942 based on rates, imposed by the
1941 Revenue Act which are still in effect.
The net income for 1942
shown herein will undoubtedly be decreased to the extent that the
Federal
"Prevision for
:
for
Western Electric Co.,
r
^
•*'—L——
income
Net
——
—T—
taxes—,—
Jm
booked
Orders
2,702,298
173,967
-i~
i
,t
r
taxes
profits
period
—
———
common share———
—i—
profit
Earnings
—V.
1,973.064
1,929,186
160,452
"" •' Cr3,5Q2..
32,775
Other interest charges
34,293
Interest' charged to construction _____———/ Cr26.704
Miscellaneous incofne deductions-:
■— 44,321
f
excess
$3,530,769
$2,957,439
1
————
debt—-—
,
.Amort, of debt discount a.nd expense——
•Amortization -tff premium ibi*- -debtc » ^ jr£<i
Taxes assumed on interest—
long-term
on
income
Federal
Net
Income
Gross
Interest
of debt
*
J
Orders
34,950
50,169
(net)———.
income
Other
Federal
$3,495,819
$2,907,270
j.—.
depletion——-expense—1—
and
depreciation
amortization
and
Interest
—
Operating income
for
Provision
———
-
Locust, Eighth
Trust Co.,
Mos.—194i
1942—6
'
——
Payment will be
and
and interest.
&
Westinghouse Electric & Mfg. Co. .(& Subs.)—Earnings
.
Balance
Bank
Mercantile-Commerce
at
at 101
1942,
1,
;st; Charles St., St. Louis, Mo.^V,-155(, p(; 2464;;,';
$9,637,206
554,083
.
dr.)————,-j—
(net
made
(& Subs.)^-Earnings
West Virginia Pulp & Paper Co.
of Oct.
as
)
i
'i
r-
!
,
@FedFRASER