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SEP 1 81945
ADM.
BUS.
LIBRARY
MONDAY
Reg. U. S. Pat. Office
—
Volume
162
Number 4421
New
General
RAILROAD
Rothschild,
prdgram of store
of
a
new
When
will
feet,
PUBLIC UTILITY
-
Mr.
194328
be
erected
no
present
the fall of
in
of
selling
area,
1946
the
corporation
of 104,900
increase
an
the
construction
the
on
demolition
site
thus
the
of
operations
of
the
Livingston
on
made
store's
selling
activities
Stores
issue
our
will,
however,
the con¬
during
-■*.
Corp.—Preferred
made in
was
to
the
of
structure
new
There
period.—V. 161, p. 2549.
Allied
portion
The
•
available.
scheduled
are
major
Street.
Stock
and
units.
its subsidiaries
department
specialty
29
North
INDUSTRIAL
-
company
complete
are
stores,
stores.
of
the
34
42
smaller
operate
stores,
stores
Co.,
subsidiary,
a
stores
located
in
located
Pa.
V.
Co.,
in
as
stores
a
of
which
operated
25
stores
department
are
and
are
2
individual
as
the Rocky Mountain and
unit by the C. C. Anderson
headquarters
western
by the A. E. Troutman
burg,
with
INSURANCE
-
69
junior
are
these
of
Pacific Coast area, are operated
Stores
small
1, with
fronting
interruption
struction
tion
Jan.
Building,
be
The
$4,000,000
a
or
about
Central
announced
including the erection
site in Brooklyn, N. Y.
its
on
feet
14
improvement,
completed
square
21%.
Rothschild
said
begin
will
building
is
program
592,000
Sept.
on
construction and
eight-story
the
have
square
President,
Price 60 Cents
in
Pennsylvania
Boise,
are
Idaho.
operated
as
pany
a
Feb.
subsidiary, with headquarters in Greens-
a
-r-K
■■
in
'
•
Redeemable,
time
any
redeemed
department
store
operated
in
Mass., by Jordan Marsh
Co., a subsidiary, is the largest operated by the company and its sub¬
sidiaries and is the largest department store in New
England. The nine
next largest stores operated by the
company or its subsidiaries are the
share
An
on
if
Oct.
and
redeemed
1,
before
or
thereafter
on
of
1948;
Oct.
at
1,
thereafter,
$102
1950;
before
or
plus
share
per
$101
at
Oct.
1,
accrued
if
dividends
at
in
if
'■date
each
Listing—Application will be made
the
on
Delivery
New
of
York
New
Stock
for
underwriting
provides
writers
use
afford
5%
will
preferred
preferred
stock
stock
therefor,
$1.71%
on
preferred
tfte
to
date
of
of
opportunity
tendering
for
the
>
to
to
stockholder,
redemption
share, plus
redemption, and (b)
stock,
plus
5%
the
of
In
case.
which
the
Cincinnati
in
payment
adjustment cf
Los Angeles Stock
public
offering
accrued
Holders
thereon
Philadelphia
to
Pittsburgh
standing 5%
preferred
stock
desiring
to avail themselves
of
privilege must, on the date of the initial public offering of the
preferred stock, so advise, and must arrange to transfer their
this
St. Louis
new
Toronto
Co.
for
the 5 %
deposit such
of
New
shares
certificates
York
Purpose—It is
will
preferred stock
later
not
with
the
Commercial
than
proposed that
that
so
2:15
Bank
National
proceeds from
cer¬
be
5 Vr
net
Stock
;
Common
-v
.
preferred stock
stock
(no
;
Authorized
-
$100)
(par
2,500,000 shs.
tl,817,153 shs.
State and
shares
the
of
treasury.
such
After
stock
Results
of
the
aforesaid
retirement,
was 1,804,882 shares.
outstanding
Operations
Net Sales
Incl. Leased
Year End.
Owned
Jan. 31
number
1299
Prof. Before
Foreign
Prov. for
Fed. Taxes
Fed. Taxes
©n Income
Departm'ts Departm'ts
On Income
1936_,—$89,935,583 $84,538,309 t$l,841,759
Combined
Net Profit
Condition
Reserve
which
and
names
accrued
Brothers,
account
of
share
per
and
Becker
'
-
&
&
to
year
effect:
or
25%
of
agreement
that
current
at
would
commencing
and
for
provided
borrowed
have
offer
of
and
such
that
agreed
it
will
purposes
60%
time
does
under
severally
but
the
Inc.—
to
___
Inc.__
public
several
underwriters
as
underwriting
.an
such
agreed
under¬
.
.
Merrill
;
F.
Lynch,
&
ner
S.
Pierce,
Moseley
4.500
&
Co._______
Pacific
Northwest
Paine.
Webber,
-
1,000
&
.
Curtis
4,500
Piper, Jaffray & Hopwood__
Reinholdt
Reynolds
1,000
Riter
L.
8,500
Inc._.__
&
F.
1,000
I.
&
1,500
2,500
Co
M.
&
1,500
_
&
Co
2,500
!__ 4,500
Company
Simon
&
Co
1,500
Smith, Barney & Co.
Stein
Bros.
Stone
&
&
8,500
Boyce______^
Webster
Union
Securities
Corp
Walker
Co
4,500
Watling,
Weeks
&
Swiss
Kidder, Peabody & Co
8,500
Kuhn, Loeb & Co
____._10.000
Lazard
The
—V.
162,
&
Co
White,
8,500
8,500
Corp.
&
Lerchen
Wertheim
Freres
Inc.'
American
H.
&
>'1,500
'8,500
2,500
Co.____
Co.
&
Weld
1,500
8,500
Co
&
Wisconsin
1,000
and
G.
4,500
Blodget,
1,500
Gardner—
Co.___________
&
Rothschild
Shields
4,500
Co
Jackson
4.500
Co.^__._ 8,500
1,500
Fen-
Beane__
1.000
Corp
com¬
commis¬
underwriter.
8,500
Co
Hornblower
.
the
company has
of the several
Carl M. Loeb, Rhoades & Co.
1,500
Corp.___
&
shares
The
No. of Shs.
15,000
Boston
such
services,
Corp.___ 2,500
4,500
Company___ 2,500
1161.
p.
1320
Expenses
Statement
Reserve
Member
of
Banks
Affiliated Fund,
of
1320
System
Inc.—Earnings-
6 Mos. End. June 30—
1945
112,762,930
5,353,129
1,355,000
3,998,129
Interest
142,174,164
9,494,258
4,200,000
5,294,258
Amort,
1944
$468,709
$454,640
100,989
96,426
91,384
125,000
175,000
200,000
51,484
42,592
40,500
Taxes
5,681,428
disct.
&
exp.
$336,398
75,194
.
200,000
40,500
'
■
6,850,603
7,230,407
debentures
on
of
'1942
1943
$460,246
income
151,808,858
170,828,164
8,500,000
credit
full
1,000
3,435,585
12,700,000
be
least
at
the
1,000
720,000
16,100,000
in
representative
each
Co._______
Dillon
&
Total
19,550,603
borrow
each
Hirsch
2,904,206
14,181,428
to,
accounts
subsidiaries
Henry Herrman & Co
2,233,721
23,330,407
or
8,500 •'
t3,406,448
191,245,657
its
borrowings
purchased by
Inc.—.
Nolan
4,155,585
160,605,109
con¬
total
subsidiary
any
No. of Shs.
.
Co.,
Securities
First
525,000
227,280,691
credit
liabilities
consolidated
accounts
under
of
dividends.
as
its. commitment
Bradford
2,758.721
203,718,739
the
mainta'n
current
of
and
underwriters
Co.,
C.
+$1,581,795
241,923,628
things,, that
under
wiil
permit
will
it
2,500 '
769,000
1944—-.a
such
annum
amount
/':
Co
G.
627,000
1945——
the
credit
of
per
full
other
it
125%
remains
may
v
,
several
Bear, Stearns &
121,270,682
1943—__
date
1%
made
agreement,
1,500
$260,000
Federal
reduc¬
from
said
the
Ripley & Co., Inc.
Hemphill, Noyes & Co
of Federal
Banks
Condition
the
of
on
among
not
out
Its
1,500
3,673,206
103,343,588
97,064,913
107,556,225 100,975,765
103.243,425
97,105,421
1940—112,122,354 104,779,492
of
credit
Harriman
....1320
Statement
all
the
Goldman, Sachs & Co
8,500
Graham, Parsons & Co.____ 2,500
Hallgarten & Co._l
4,500
1317
1320
Rates
agreement
of
plus
Securities
Allyn
f4,033,448
1937.wj
♦Gross
income
departments
Jan.
31.
1936
$1,045,971;
to
1945,
1942,
$2,270,246.
of
a
History
such
inclusive
were
1939,
as
subsidiaries 'from
costs
for
and
the
follows:
$1,006,403;
other
fiscal
St.
ex¬
+After
primarily
a
stores
department
are
operated
stores,
specialty stores.
directly by the company*.
or
Cincinnati, O.; and The Titche-Goettinger Co.,
these stores has a current annual sales volume
1937,
Each
1941,
$8,000,000.
The
fiscal
ended
holding
Three
of
year
consolidated
of
of
9
tenth
company
owning, directly or indirectly, all of the capital stock of various sub¬
sidiaries which operate department stores and
smaller stores classified
junior
Antonio,
$928,025;
1843, 51,598,436;
1944,
$1,957,775; and
deducting dividends accrued on preferred
$74,904; 1937, $31,637.
is
Herpolsheimer Co., Grand Rapids, Mich.: Joske Bros.
Tex.; The A. Polsky Co., Akron, O.; The Rollman
Minn.;
San
& Sons Co.,
1938,
Business—Company
Paul,
Co.,
ended
$1,173,191;
1936,
1940,
leased
general
years
Net
$1,494,586;
subsidiary;
and
its
occupancy
departments)
$1,082,907;
stocks
and
company
deducting
to
1945
1938,
$1,332,784;
the
to
(before
applicable
penses
as
C.
Clayton
.1319
Exchange
the
for
Blyth & Co.,
Calls and Sinking Fund
Dividends Declared and Payable
of
available
months
1,500
J.
News.1273
The Course of Bank Clearings-..
to
'/4
instalment
that
credit
amount
share,
$2,125
Folger,
Notices
such
of
1951
that
company
A.
;k
City Bond Offerings and Sales__1331
Redemption
of
(Company and Subsidiaries)
"Net Sales
-
the
the
Baker, Weeks & Harden—
Miscellaneous Features
*200.000 shares have been designated 4% cumulative
preferred stock,
are
the shares now offered.
tOn June 29, 1945 common stock¬
holders approved
the retirement of 12,271 shares of common stock
of
1,
loans
will
Bache & Co
1299
General Corporation and Investment
of
annum
of * consolidated
any
Bacon, Whipple & Co.__
"200,000 shs.
which
60%
under
Lehman
for
of
The
Outstanding
300,000 shs.
pari
all
excess
and
four
Lehman Brothers
A.
Giving Effect to Present Financing
.
Cumulative
date
per
amount
accrued
banks,
of
of
of
the
least
respective
per
Adamex
1314
Transactions New York Stock Exchange
not,
while the
the
to
Eastman,
Capitalization
in
pay
writers,
treasury.
held
$100
pensation
1315
Stock and Bond Averages
the
$10,000,000:
of
at
A
1316'
the
1%
the
Feb.
purposes;
in
dispose
agreement...
their
at
to
,
1314
Stock Exchange.....--—
was
jointly to purchase from the company at $100 per share,
plus
dividends, the number of shares of new preferred stock set
sion
1312
the
as
accounts
banks
exceed
to
excess
and
will
than
least
at
credit
after
Transactions New York Curb Exchange....1299
proceeds, estimated at $57,500, will be supplied from the company's
1945,
the
in
receivable
1312
Exchange
at
credit
accrued
1312
Montreal Curb Exchange
Over-the-Counter
Markets
of such
applied to the redemption of 195,225 outstanding shares
preferred stock, at $100 per share, amounting to $19,522,500,
exclusive of accrued dividends from
July 1, 1945 to the date fixed for
redemption.
The difference between such redemption price and such
of
Exchange
Exchange
Stock Exchange
Montreal
Trust
&
1945.
14,
the sale
Stock
Stock
the
company or any subsidiary if after such pledge
the remaining balances of such instalment
Underwriters—The
—T_1311
1311
1312
Exchange--.....
it
the
period of
1,
not
the
1311
Exchange
Toronto Stock Exchange—Curb Section
underwriter
or
EWT Sept.
p.m.
the net
dealer
of
Stock
that
full, amount
a
borrow
.£-1310
Exchange
Detroit
thereon
assets
disposition
from
.i—....1309
1310
Exchange...
equivalent to
the outstanding
initial
dividends
Stock
the
with
capital
$30,000,000
accounts
not
Stock
Cleveland
to
of
on
commission
proceeds
working
otherwise
July
L.?-..il309
Exchange
Exchange
commission
of
available.
of
•"
.......1304
Chicago Stock Exchange
new
is
dividends
delivery thereof to the underwriters.
Stock
Stock
accrued
of
price
Exchange.:.;.
Boston
stock
cash
a
Exchange
Curb
Baltimore
under¬
the
Stock
York
V*
commission
entire
current
least
at
and
1289
(Bonds)—...1300
York
of
termination
covenants
for
aggregate- less
(Stocks).,
New
then
the
use
such
liabilities;
pledge or
.
Stock Exchange
accrued
1,.1951
cancellation
a
receivable
Stock and Bond Quotations
New York
Feb.
commitment
and
date of
company
will
other
out¬
can
Issue
i
the
tificates
This
per
outstanding
of
the
the credit
it
by
Preferred
several
the
shares
preferred
subject
per
preferred
that
holders
purchase
5%
basis
the
to
< a
$100
for
new
the
share
payable
between
stock,
fixed
the
date
the
by
share
per
difference
5%
the
share
a
the
price
agreement
their best efforts to
so
commission
to
portion
Company at any time on or after
the credit by paying all unpaid advances
reduced, together with interest, piUS any
commission
reduction
applicable
any
solidated
cumulative preferred
Outstanding
Stock—The
such
agreement
New
list the 4 %
to
Stock
of
The
Exchange.
Preferred
as
commitment
a
such
on
used.
not
reduce
credit
cancellation
a
termination
of
annual
stock
the
banks
annum
but
(1)
may
of
the
per
cancelled; and (2> terminate the credit agreement by
paying
unpaid advances thereunder, together '■ with accrued
interest, plus
all
•
.
sinking fund, commencing with 1946, will retire 2% of the
greatest number of shares ever issued, at $100 per share, plus accrued
dividends.
Transfer Agent: Commercial National Bank & Trust Co.
of New York.
Registrar: Chase National Bank. New York.
to
pay
1%
thereby
re¬
$100
1948
and
from
redeemed
share
per
and
1952;
1,
excess
tion
':•<
sinking fund, in whole or in part,
30 days' notice, at $103 per share if
than
of
available
applicable commitment
Boston,
the
for
less
before
or
and
than
not
upon
on
thereafter
deemed
other
>/4
'
The
following: The Bon Marche, Seattle, Wash.; L. S. Donaldson Co.,
Minneapolis, Minn.; B. Gertz, Inc., Jamaica, N. Y.; The Golden Rule,
Offered—Men¬
of
theretofore
unit
to
agrees
rate
other
6
MISCELLANEOUS
-
York, 10%;
The credit is to be a revolving credit and may be availed
"> of at any time prior to Feb. 1, 1951 when the credit
agreement and
i
all notes
and
obligations thereunder mature.
The interest payable
t
under the credit agreement is at the rate of l3/4%. per annum.
Com¬
Sept. 10 of the offering
Sept. 7 by an underwriting group headed by Lehman
Brothers of 200,000 shares of 4% cumulative
preferred
stock at par ($100) and accrued dividends from
Sept. 1.
at
Copy
a
Corporation and Investment News
Abraham & Straus, Inc.—Proposed Expansionwaiter
York, N. Y., Monday, September 17, 1945
store
sales
volume
of
these
stores
10
Jan.
31,
sales
net
1945
for
was
that year.
stores
was
total
net
sales
for
that
'
year.
store
operated by the company and its subsidiaries, with the
exception of the Junior department stores and a few other exceptions,
is
a
complete department store presenting for sale, at retail, mer¬
department
__
2,731
1,528
5,429
$175,586
__
$152,039
$121,227
$15,274
Note—For the six months ended June 30.
from sales of
$717,821,
as
securities
compared
of
1945. there was a net profit
$1,202,471, and in 1934, $728,152, and 1943,
with
net loss of $899,652
a
for
1942.
•
,
of at least
during the
$140,534,804, or 58.1% of the
The combined sales volume
during the fiscal year ended Jan. 31, 1941 (the
acquired thereafter) was $72,230,829, or 47.8% of the
total
these
consolidated
Each
combined
Dallas, Tex.
7,187
income
Statement of
Net
Assets, June 30, 1945
i
Assets—Investments, at closing market quotations, $27,937,246; cash
deposit, $129,861; dividends and interest receivable, $77,874; re¬
for securities sold but not yet delivered, $245,867; receivable
for capital stock subscribed but not yet issued, $68,406; unamortized
on
ceivable
discount
value,
and
$1;
other
taxes
$322,479;
expense,
total,
accrued.
income
$7,625;
furniture
A CA
$28,781,735.
Liabilities—Federal
tax
and
applicable
accounts
fixtures,
at
nominal
year,
$29,291;
*a
to
payable,
prior
accrued
expenses,
chandise
consisting of women's, men's, and children's clothing and
accessories, dry goods, furniture, housewares, notions, and such other
items as are generally sold by complete department stores.
All
of
the
stores
operated by the company and
its subsidiaries
SPECIALIST IIS
I LOaill V &
occupy
NEW JERSEY
well equipped buildings in desirable retail
in
they
as
Municipal Bonds
which
either
the
from
the
volume,
MUNICIPAL
the
DEPARTMENT
first
situated.
In
either
most
retail
second
or
standpoint
of
institution
character
of
of
the
respective
institution,
annual
cities
sales
&
New
Company
On
July
•'
Established 1922
30
BROAD
Telephone:
STREET
HAnover 2-2600
NEW
•
with
YORK 4, N.
Bell Teletype:
Y.
NY 1-573
INDUSTRIALS
Kobbe, Gearhart &
"
qAllen
27,
Bankers
Credit
1945
Trust
the
Co.,
Agreement
of July 27,
1945
INCORPORATED
entered into a credit agreement
National Bank and Commercial Na¬
company
Chase
Members
the
terms
of
the
credit
agreement,
the
banks
agree
to
advance
to 810.000,000 in the following proportions:
Bankers Trust Co.,
40%; Chase National Bank, 50%; Commercial Bank & Trust Co. of New-
up
New
York
45 NASSAU
tional Bank & Trust Co., New York.
By
f
RAILS
In
to and including those of the higher income groups.
up
ELECTRONICS
localities in the cities
such stores rank
of these cities
general the stores endeavor to satisfy most of
merchandise needs of consumers from the lower income
both.
or
general
groups
are
Company
Security Dealers Association
STREET,
NEW YORK 5
Telephone
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
Bell Teletype
New York 1-576
etc.,
»
; v
•
Monday, September 17,
1945
participating in the Bay proposal, in addition to
Simmons, were. the Atlas Corp., Walter D.
Lansing Foundation and John D. Baker, Jr.
The Commission's invitation called for five trans-Pacific and
the-world services, operating from both the Atlantic and Pacific
with a minimum of 25 modern ships.r-V. 162, p. 1162.
Messrs.
Heller,
FINANCIAL CHRONICLE
COMMERCIAL &
THE
1274
shares,
—V.. 161,
Corp.—Acquires Three Firms—
The corporation has purchased for $400,000 cash 100 %of the stock
of the Oxford-Tartak Co. and the Clneaudagraph Corp. of Chicago,
»both manufacturers of radio speakers, microphones and other electronic
products, according to an announcement on Aug. 24 by Randolph C.
;
~
—'X
;
i
royalties—
and
Rentals
1945
v
1944
$5,217,750
294.305
Ended June 30—
—
Subs.)—Earns.
Foundry Co. (&
American Machine &
6 Months
$5,666,250
>
Total
Net
Earnings
income,
•1
'•
U.
Increased
St. Louis, Mo.—Capital
3602.
p.
Inc.—Medical Director—
Airlines,
j
I
p.
Elected—
Corp.—New Chairman
American Bosch
Hess.
the Contract Termination
elected a director.—V. 101, p. 2550,
of
of
Gross
;
fixed
$2.22*
profits tax in dispute.
'Including reserve for excess
>
Consolidated
•
Balance
and
banks
In
Assets—Cash
on
interest,
leasehold
•
<
oper.
Int.
10.945,328
11,733,377
11,267,683
9,331,954
41,392,064
39,896,085
159,298
82.846
508,912
9,414,800
41,900,976
6,578,848
3,969,054
18,287,7.90
15,818,161
202,181
f37,080
840,016
137.080
4,645.957
5.308,656
22,773,170
1,411,420
1,536,483
5.853,975
24,322,076
6,764,534
3,234,537
3,772,173
16,919,195
17,557,542
2,986
Balance
'-Pfd.
9,788
28.025
46,860
—
divs.
to
public
Balance
160.
'
1730.
p.
Portion
applic.
American Car & Foundry Co.—New
The
.
Net
orders for the following freight car
Ohio Ry. Co., 1,500 50-ton steel hopper
& Pacific Ry. Co., 25 70-ton steel covered hopper cars.
Texas
cars;
Net
with
serving
after
duty
Total
Colonel Mackay's release will become effective as of
connections as
a director of
American Car & Foundry Co,—V. 162, p. 873.
'
•
1945,
8,
of
partner
r
income
at which time he will resume his former
Laidlaw & Co., New York bankers, and
Income
6
Gross sales,
'
plants, ma¬
equipment
of patents.
of
Deprec.
chinery
Sell., adm. & gen. exps.
2,481,699
2,106,637
,395,851
$9,329,536
459.745
:
396,309
270,666
$7,411,675
$9,600,202
$8,749,177
•Prov.
for
possible
other
Consol.
iS%
cum.
incl.
per
for
estimated
11:78.
p.
-
4
•
$2,233,493
137,091
989,512 '
989,509
989,506
989,503
$1.48
$2.12
$1.27
renegotiation
.\:
•
t0 war-time
(Includes procontracts.—V. 160,
of
war
$4,530,622
—
securities
$4,238,242;
scrip),
earned
unamortized
$854;
assets,
debt
and
discount
1
<
:
expense,
total, $291,258,824.
cumul.
other
surplus,
on
$36,389,600; accounts payable,
$938,365; accrued taxes,
'capital surplus, $36,026;
$291,258,824.—V. 162, p. 1162.
debt,
long-term
interest
accrued
stock, $79,300,926; $5 cumul. preferred
stock (3.008.511 shares, incl. 1.681 shares
pfd.
common
$37,434,351;
debt,
$257,696;
to
long-term
liabilities,
$38,722,462; total,
current
Profit
before
Fed.
Federal income
cess
profits
1945
taxes
1944
1943
1942
The United States Maritime Commission on Sept. 10 received a high
bid of $8,611,276 for its stock control in this corporation.
This bid,
one of four received by the Commission,
was submitted by a group
-
$869,873
$856,389
$375,375
378.151
383,339
399,117
636,831
1 $491,722
$473,050
$476,258
$576,414
$0.32
$0.30
$0.30
$0.40
$1,213,245
"
and ex¬
taxes
-
;
-
♦Earns,
*Oji
'
.-*•
per
—
com.
share
,v
furnished in substantially
is furnished in the
territory in which it operates. Gas service is
all of the city of Prescott and steam heat service
The
1,023,903 shares.
^rtinn
portion
nf
on
.
i
notes receivable (net), $16,receivable $220,033; investments and
instalment
$1,671,956;
788,645; accrued interest
miscellaneous
notes
assets, .$444,467;
furniture,
fixtures,
and
office
mated
,,
,
.
The
'
,pajlableKto banks and others, $4,965,000; accounts
l84,3^ dividends on cumulative preferred and
P
I' *25«.277, other taxes accrued, $61 785' 10-vear 2%%
debentures
'
due
■
Dec.
1,
1951,
.
$4,000,000;'
cumulative
5%
■
bidders
agreed to conduct trans-Pacific and round-the-world
in the Commission's invitation for proposals.
outlined
as
owns
113,206
shares
of
stock—about 79.3%—and all the class B stock,
The
-
■
Co., $5,000,000.
93%.
Commission-
_
did
"
j—
not
.
indicate
V-.- '
the company's class A
making its voting power
>
soon
how
■
-
it
"'*"
would
act
on
the
stock
tions- of
the old- Dollar Lines.-
Several
the
7
r
—
companies joined Mr.
Consolidated
Steel
Corp.,
;
»
america
the
predecessor.
Capitalization
.
•
.
-
■
1st
*
series
Grady in his' proposal. •, These include
Giorgio Fruit. Corp., El Dorado Oil
Co., Matson Navigation Co., TransCorp., Union Oil Co. of California and Provident Securities Co.
mtge.
4%
bonds,
due
314%
sinking fund
1970.
serial notes due
,
1946 to 1957, incl
cumul. preferred
Common stock
($100
5%
Authorized
'
/•'
Di
Lykes Brothers Steamship
of
-
President Lines since
take over the opera¬
■
Works,
the city of
section of
«
.
--j
/'.r
-.'vV,.--, ■
The. Commission has. controlled the American
the company's organization several years ago to
above;bids;
-
'^n n»e i in«ya*le July'L-1945, $81,875; ^debentures r
emnlnveel'i
il50'?00' thrift accounts (principally
(net)
4257
M "
es Payable and accrued, esti- \
and
"
Moore and Thomas W. Sim¬
included the American-Hawaiian
the stock
for
and the Seas Shipping
Commission
approximately
hJ! J '553:4.Geferred $195,452; total, $19,434,107. unamortized ...I:
char8es,(including $68,457
"
r
sinking fund
I
services
,
equip-
redeemable
officers
;
of development costs),
Preference
the
All
Consolidated Balance Sheet. June 30, 1945
Cash
bids
other
Flagstaff.
/ v'' i •
Use
of Proceeds—The
net proceeds from the sale of the 12,000
shares of 5%
cumulative preferred stock now offered will be received
by James C. Tucker. Mr. Tucker, as nominee of Arizona Power Corp.,
provided funds required to redeem all of the outstanding shares of
preferred stock of the Arizona Power Corp. Upon the deposit of the
funds for the purpose of such redemption, Mr. Tucker became the
owner
of the shares called for redemption, and, under the plan of
(consolidation received the 12,000 shares of 5-% cumulative preferred
stock of Arizona Power Co. in exchange for the shares of preferred
stock of the predecessor thus acquired by him.
In effect, therefore,
the proceeds received by Mr. Tucker will reimburse him in part for
his advance
of funds for the purpose of redeeming the preferred
business
Steamship Co., $8,051,410; Henry F. Grady, President of the American
President Lines, representing himself and others, $7,198,281; and the
Chicago Corp.
!
W. Bay, Charles E.
headed by Charles
mons.
—Profit
the
of
"
6 Mos. End. June 30—
in
Coconino.
In<i.—Bids Opened—
American President Lines,
utility
Yavapai,
part
of the
be, engaged in the business of furnishing public
various cities, towns, and rural areas located in
Navajo and Maricopa Counties in the north central
State of Arizona.
Company serves electricity in all
continue to
services
■y]yy
■ y
August 22, 1945, the
all of the liabilities
operated the electric utility at Winslow, Ariz.).
was incorporated in
the Territory of Arizona in
$261,096,487;
advances—subsids.,
and
cash in banks—on demand,
...jv,
1944. Purof the
company acquired all of the
of The Arizona Power Corp.
utilities
and
Flagstaff Elec. Lt. Co.
1895, and was locally
owned and operated until 1925, when all of its outstg. stock was; purchased by Southwestern Pub. Serv. Co. <N. Mex.), which latter company
held the stock until it sold the same to James C. Tucker in March,
1943
Arizona Electric Power Co. was incorp. in Arizona, April 26,
1920,
and acquired
the electric distribution system of Santa Fe
Pacific Ry., through which Winslow, Arizona, had been served with
electricity prior to that date.
In 1925, Southwestern Public Service
Co
purchased all of the outstanding stock of Arizona Electric Power
Co
and in March, 1943, sold all of such stock to James C. Tucker.
Subsequent to Aug. 22, 1945, the company has been, and intends
$7,598,146
Sheet, June 30, 1945
$5,016,000;
$97,844,400;
$316,807;
American Investment Co. of Illinois (& Subs.) —Earns. 1
x
340,977
|
..
•/'
•'
•
of
operations.
refunds
2.428,547
V
285,182
—
——
—
Liabilities—$6
stock,
$18,192;
due
467,047
439.652
-
current
$2,419,617;
140,082
$1.39
145,132
2,247,194
Chicago. Registrar,
of Chicago.
Electric Power Corp.
^
_
The Arizona Power Corp., incorporated in Arizona on Dec. 11, 1933,
came into existence through the reorganization of The Arizona
Power
Co
(Maine)
under Section 77B of the Federal Bankruptcy Act, and
the assets and liabilities of the old company were transferred
from
the trustee in bankruptcy to*The Arizona Power Corp. on Sept.- 30,
1935.
Arizona Electric Power Corp. is a corporation incorporated in
Arizona, Feb. 23, 1943, with which were consolidated Flagstaff Electric
Light Co. (which owned and operated the electric and steam
at Flagstaff
Ariz.), and Arizona Electric Power Co. (which owned
$7,015,713 $10,689,584
than inc. taxes.
.
Arizona
and
deductions——————
taxes other
other
Arizona on
and assumed
assets
$7,502,651 $10,834,716
investments,
other
$1,402,397
137,106
other adjustments
"~*And
.vision
$1,601,314
137,118
>
share.
com.
'
State of
486,938
„
'
<
authorized by the
Company—Company was organized in Arizona, May 9,
suant
to a statutory
consolidation effected under the laws
1944
deposits, $211,098; U. S. Government securities, $17,694,609; accounts receivable, $39; accrued interest receivable, subs., $249,744; other accruals, $57,310; dividends receivable from subs., $274,825;
300,000
V ;
pfd. div.
dividends
'Common
Earns,
300,000
$1,511,513
income..
net
conv.
14,419,243
National Bank and Trust Co.
City
•
special cash
7,046,780
.
general funds of the company.
issuance of the preferred stock has been
Corporation Commission.
Transfer Agent, Harris Trust and Savings Bank,
Arizona
(Company Only)
1945
^ Balance
fu-
ture inventory losses.
i,
7,066,709
(5,810,360
t4,600,006
14,301,882
3,057,045
2,654,086
—
473,424
tax
'340,977
>
.
the
2,428,547
285,183
subsidiaries--
income
Net
Prov. for Fed. & foreign
income
2,247,194
87,843
Statement of Income
Assets—Investment
Total
580,374
-
below)
The
"
4
$7,(515,365
(net)—
557,870
66,309
taxes
Income
$8,275,753
$6,111,519
income
467,047
Ended June 30-
and
Interest
.
439,652
surplus—
to
Expenses,
i
15.649
17,273,911
82,155
deducts.
income
Total
525,073
15.113
.
$5,651,775
Profit
Other
588,249
14.177
:
•
.
v
17,655,814
income
Other
201,471,120
618,108
591,146
12.333
2,735,234
&
Amortization
145,132
3,807,417
offering of
bonds, 3Va%
due 1946
int. The
proceeds were used to retire existing funded debt of the constituent
companies amounting to $1,373,500 and the balance has been added
'
17.510,682
382,741
—i__
from
Income
26,516,833
27,381,064
26,285,443
sales
of
Cost
1942
$37,510,396 $38,556,367 $31 .683,447
allowances $35,275,938
16,891,170
45,032
86,550
Comparative
12 Months
less discts.,
&
returns
3,762,385
133.264
3,364.815
taxes
Balance
,
(Including Domestic and Canadian Subsidiaries)
Mos. End. June 30—
1945
•
1944
1943
'
3,231,551
—
American Chain & Cable Co., Inc.—Earnings—
|
17,510,682
...
Expenses
Int, and other
J World War II.
Oct.
16,891,170
Co.—
to
of
outbreak
the
since
3,762,385
3,231,551
Light
&
Offered—Men¬
Sept. 3 of the
Notes Placed Privately—In connection with the merger
the company has sold privately to two insurance com¬
panies through Blyth & Co., Inc., $1,221,000 1st mtge.
sinking fund series due 1970, and $400,000 4% serial notes
to 1957,
inclusive.
These securities were sold at par and
in
co.
subs
Power
equity (as above)—.
Other
Corps
Marine
the
of
of
Co.—Preferred Stock
in our issue of
and
Bonds
active
Mackay has been released from
Lieutenant Colonel Malcolm S.
equity
income
American
Mackay Returns as a Director—
i
follow:
(see
received
has
company
Power,,
shares of 5% cumulative preferred stock ($100
par) at 101 and dividend by a banking group headed by
Central Republic Co. (Inc.).
The offering does not con¬
stitute new financing for the company.
Further details
Orders Rec'd.—
equipment: The Chesapeake &
-
12,000
•
min.
to
interests
\ J
production would be started
operation by
avail¬
during
Arizona
•
—V.
,
Aug. 24
Frantz stated it was
tion was made
acquis,
adjustments
Reconversion—
Mfg. Co.—Speeding
President, on
September and that assembly lines would be in
Oct. 1, increasing in volume of output as fast as materials are
able.
It is expected full capacity operations will be reached
the first quarter of 1946.—V. 162, p. 451.
*
de-
&c.
alphabetical
during
40,277,317
(net)
alphabetical
*
previously made.
expected partial
plans
detailed
381,232
11,426.986
plant
it is not always
possible.
as
Frantz,
G.
Mr.
(net)—
public
of
!
"
income
to
Amort,
(unsecured), $8,850,000; accts. pay.
9,995.090
2,929,581
'
23,125,661
9,786,719
2.578,852
revenues
ductions
;
21,547,513
2,604,171
-
income
Gross
and accr.
expenses, $53,185.; ^reserve for Federal capital stock and other taxes,
$40,468r reserve for Federal taxes on income, $329,227; reserve for
contingencies,
$100,000: deferred income, $344,770; common stock,
class A ($1 par), $963,713; common stock, class B ($1 par), $40,000;
paid-in surplus, $4,479,470; earned surplus, $724,401; total, $15,925,234.
Liabilities—Notes pay.
•
fixtures and
expenses,;?$17,649; furniture,
$33,117; total, $15,925,234.
improvements,
5,643,306
2,416,560
approps
Other
Sheet as of June 30, 1945
'
hand, $3,285,621; U. S. Government
other
and
taxes
res.
reasons
annouriced that the company
had received cancellations on practically all its war orders and that
its
plants were being dismantled rapidly of all wartime machinery
and equipment.
Installation of equipment for production, of vacuum
cleaners, washing machines and ironers will follow immediately under
C.
deplet.
and
retir.
Prop,
Net
customers, $11,263,847; prepaid
securities, $1,325,000; due from
.
$0.41
$2148
$
•*
5
(
3,929,220
i—
-
to arrange companies in exact
However, they are always as near
Apex Electrical
•
,
34,005,569 137,439,757 139,656,607
53,768,133
54,906,394
13,491,557
12.732.902
lexes
(axes
Otner
mechanical
NOTE—For
order.
1945—12 Mos.—1944
1944
$
$^.
„
32,925,222
^
(& Subs.)—Earnings—
"1945—3 Mos.
expenses
Federal
497,708
$0.36
$2.15
$821,639
position
—
South Africa, Ltd.—Adds
-"
capital stock of Lewis &
Marks,
which has
African and European
properties in which Anglo-American Corp. already has an interest. ;
This will give the company virtual control in the new Orange Free
State gold field, it was seated.—V. 149, p. 1169.
2214.
p.
Operating
423,090
430,473
444,617
; $0.37
161.
revenues
920,798
Earnings per share on class A com.
Earnings per share on class B com.
'
—V.
'
acquired most of the
large shareholdings in
$14,253,704 $14,975,564
—...
...
.
corporation has
The
1,923,221
254,100
239,634
380,021
7,000,000
4,356,950
239,634
375,076
7,000,000
4,566,044
*
Corp.. of
Anglo-American
to Holdings—
possible
Total
$1,861,562
income
Net
adjustments
Subsidiaries—
281,500
158,802
...
(1,000,000 shares, no par)
Earned surplus
—
1944.—V. 162,
of
1,991,814
$1,226,789
846,162
contingencies..
post-war
9.62%
,
Capital stock
ending Sept. 8, 1945, totaled 73,108,000 kwh., a decrease of
over the output of 80^894,000 kwh. for the corresponding week
p. 1162.
;
:
"
" '
V < 1
week
1
$14,253,704 $14,975,564
payable and accrued liabilities
for Federal, State and other taxes..
for retirement annuities
...
Electric Co., Inc.—Output—
properties of this company tot the
electric
the
of
output
Power
163,669
56,753
.
Guaranty Trust Co. of New
York —V. 161, p. 1306.
/ : *
American Water Works &
141,205
4,050,01)0
1,895,551
.
redemption on Oct. 15, next, $3,044,000
debentures due April 15. 1962, at 10Hi and interest
due Oct. 15, 1969, af 103
York, trustee, 140 Broadway, New
•
4 006
(
—:
—
for
305.353
1,835,886
.
taxes, etc.
Period End. June 30—
711,973
_
y
of 25-year 3% debentures
f and interest.^ Payment will be made at the
and
1,235,707
163,669
1
;
(net)
assets
—
Reserve
resale to em-
for
rights, licenses, etc.
Operating
$1,714,225
352,625
(bought
——
Accounts
1943
797,242
Net income beiore Fed. income taxes
'Provision for Federal income taxes
—
*
has called for
company
20-year 3%
$2,736,000
of
-2,770,457
'
Hampton Mills—
Co.—Partial Redemptions—
Tobacco
American
!
13,479,603
83,828,335 X81,403,918
Sept. 6 announced
on
company
The
$2,318,573
4,081,600
American Power & Light Co.
$1,960,825
income
;
excess
Liabilities—
.
1944
1945
Years Ended June 30—
'
Division in Washington,
.
of
company
Total
$0.60
1944
$1,916,147
2,639,455
851,844
305,353
6,185
2,247,204
89,939
>.
receivable
refund
Prepaid insurance,
Credit Corp.—Earnings—
American Business
•
;
392,217
$0.62
June 80
Balance Sheet,
Investments
Total
Chairman.
:
$586,368
•
L
bonds—
Reserve for special
President, has announced the resignation of George
Murnane as director and Chairman of the Board of Directors.
Frank
J. Garvey, former Manager of the New York office of the Alien Property Custodian, has been elected to succeed Mr. Murnane as
Roger L. Putnam, former Mayor of Springfield,
Mass., and now
lias been
—
*
978.
the purchase of three mills of
Hampton (Spinning) Co. in the South and of its entire yarn division
at East Hampton, Mass.
The American Thread Co. will take posses¬
sion Nov. 3 of Hampton's two mills at Clover, S. C., and the Troutman, N. C.f mill of its subsidiary.
Hall-Kale.
;
The East Hampton
plant will be operated as the Hampton yam
division of American Thread Co.—V. 162, p. 1162.
v
The
83.431
$605,107
'
'•
-
1945
Treasury
^Provision
Chief
"t
<;-1
.
outstanding share
Patents, patent
1161.
; Deputy
"i-. ''
.
banks and on hand:
in
S.
Provision
'
$502,937
106.429
—
ployees)
14th Air Force of the
the American Volunteer
C. Gentry, surgeon of the
Medical Corps and chief surgeon of
P.
it
,
profits tax___;
Notes and acceptances receivable—
Total inventories
Account receivable from affiliated company
-
Thomas
Donald
.
net earnings
of
Post-war
Flying Tigers, under General Claire L. Chennault
In
appointed Medical Director of American Airlines.
Inc., it was announced on Sept, 7 by Louis A.
Traxel, Personnel
Director.
Col. Gentry's appointment is effective on Sept. 1, 1945.
He succeeds Lt.-Col. Edward C. Greene, U. S. Army, retired.—V. 162,
:
.
income per
Accounts
of the Board, on Sept.
the original
China, .has been
j
$0,51
Co.—
383,823
13,844.676
1,727,367
260,715
1.598,453
income...
oper.
American Thread Co.—Buys
$502,937
$0.51
———
Cigar Mach,
Consolidated
Group,
•
•
.
Amount
Net
Stock
Colonel
,
Dividends
Cash
American
U. S. Army
as
5,734,224
income
—V. 162, p.
,33.112
$498,678
Assets—
147,
Net
228,221
-
392,217
•
Total
;
above——
Equity in earnings of Int.
account.—V.
Net
452,695
,
—
Net
11,603.218'
$1,216,965
170,536
—
18.434,421 138,677,253 133,811,056
11,136,406 78,025,059 78,473,25B
5,620,651 46,807.518 41,853,190
18.935.895
Operating revenues..
Operating expenses
Operating taxes
$947,022
269,943
'
$498. G78
shaie
i
—-
-
—
—
per
its
12 announced that
the capitalization of this company has been increased from $108,000
to $432,000, by the transfer of $324,000 from surplus account to capital
'
corporate taxes-—-——————
for post-war adjustments———
excess
use
for
Russell Maguire, Chairman
•
'
p/ofits & income taxes-
for Fed.
$620,342
243,608
$863,950
194.736
.profit
recently
was
Alco Valve Co.,
;
-
'
,
162, P. 665.
V.
t—.
Other
announced that this corporation has received an
combination space and inductive communications equip¬
on 12 of the new 5,400 h.p. freight Deisel engines of
the Denver & Rio Grande Western RR., to run along 275 miles 01 its
road.
The Rio Grande is the third major carrier to install Aieron
equipment whose two-way radio is now in use on the Kansas City
Southern in the Middle West, the New York Central in the East, and
now on the Rio Grande
in the West.
Aieron is also running-tests on
the National Railways of Mexico, as well as on other U. S. lines,—
It
order 'for
ment
7
^
Prov.
Prov.
rev.
oper.
J
,
revenues
Uncollectible
Telegraph Co.—Earnings^ ~
1945—7 Mos.—1944
K.J...',J
$ *' '*
jg
'
18,981,775 18,559,424 139,087,777 134,413,056
/
45.880
> 75,000 % 410,524 '
602,000
..
'
' : : /
/■
—-i,
Net income
Order—
Receives New
.
/.
.
...y;
City, Kan.
headquarters at Kansas
with
'
; *
profit
income
Other
staff member of
Clay Crane, a
,
.
National City Bank of New York at
Manila, P. I., when war was declared in 1941, has been named direc¬
tor of public relations and advertising of Aireon Manufacturing Corp.,
4
Operating
5,015,283
>
round*
Coasts,
'
■
Gross
assets of
manufacturers
4,891,714
\
:
v
.1945—Month—:1944 /
Period End. July 31—t
.
$5,962,305
i;
cost and expenses-
Manufacturing
President of .Aireon.
:
r
The corporation also has purchased for $250,000 the entire
.the Midco Tool & Supply Co. of Oklahoma City, Okla.,
of oil supplies and accessories, Mr. Walker added.
.
,■
.Walker,
$5,512,056
——
American Telephone &
296.,055
.
Kaiser,
Leland M.
f
„
_
Sales
Manufacturing
Aireon
p.
and
Moore
Bay.
par),
no
surplus,
in
Among those
(par $50), $2,882,000; $2 preference stock (91,727
$1,300,000; common stock (par $1), $1,023,902; paid$3,339,772; earned surplus, $1,015,979; total, $19,434,107.
1874.
" "
,
stock
preferred
securities purchased but not yet received, $203,465;
payable for capital stock reacquired but not yet received, $78,968;
2Vz%
note obligations maturing Jan. 1, 1949 iand 1950, $10,000,000;
net assets (equivalent to $5.18 per share on 3,563,534 shares of $1.25
par value capital stock
(exclusive of 375,492 shares held for'retire¬
ment) outstanding June 30/ 1945), $18,450,852.—V. 160, p. 1280. ..
$11,534; payable for
stock (par $100)
par)
Unlimited
$400,000
r20,000shs.
40,000 shs.
Outstanding
$2,300,000
400,000
.
12.000 shs,
10.000 shs.
Volume 162
Number 4421
f,,
Pro
Forma
THE COMMERCIAL & FINANCIAL
-
Earnings
of
>
12 Mos.
Years Ended Dec. 31
1943
4
TTptal
oper.
$987,966
revenues.
Ended
1944
.
5
Mos.,
Ended
May 31, '45 May 31, '45
$1,115,087
$480,928
$1,073,584
336,230 '
-
_________
£'
State
income
Federal
61.507
.
Prov. lor deprec
"Taxes other than
.23,524.
;.
135,000
135,000
56,250
99.937
89,641
86,065
37,815
7,400
7,800
76,000
78,000
29,000
taxes.
E*;ess. profits
56,410 tftf.t,.. 57,214
174,825
135,000
63,000
inc..
taxes
income
404,231 :
395,722
•
-
taxes..
8.100
V.'.
•
,3,300
••
:t
78,000
33,000
93,000
46,00a
income
oper.
Cther
income
Gross
7,094
income
Net
income
-
104,480
105,512
'(•" The annual dividend requirement
vpreferred stock amounts to $60,000.
:v Underwriters—The.
.the
■are
1
stock and
follows:
as
A.
C.
Allyn & Co.,
the
fair
Mr.
Tucker
held
not
ana
by
exceed
agreed
if
to
will
to
them.
amount
an
purchase
the
Pierce
The
number
from
of
equal
the
shares
estimates
company
to
$115
bonds)
„he
of
Tucker
Mr.
the
the
be
same
amount
the
as
fair
value
of
the
shares
will
sell
to
1%%
sell
with
the
the
162,
the
received
electric
Co.,
&
of
Sept.. 7,
—V.
.
Inc.'
kwh.,
p.
162,
the
amounted
from
4.5%
or
Succession
,
,
Significant
to
Predecessors,
"
.
corresponding
week
of
last
virtue of a statutory consolidation, effective Aug. 22, 1945, the
oh that date, succeeded to the ownership of the property
By
company,
;and
business
JPower
the
Power
Arizona
The
Corp.'
and
Corp.
1
On • March
i
;
of
Arizona
Electric
*
-
Tucker,
C.
1943,. James
9,
of
president
and
,'
director
a
ve&r.v
stock)
Xight Co!
of
Electric
Arizona
Co.
Power
and
Flagstaff
for
•6%
cumulative preferred stock,
.22,
1943,
Mr.
Tucker
sold
and $75,000 common stock.
the
bonds
and
notes
for
sale
of
the
bonds
said
and
notes.
•
-
stock
of
Power.
;stpck.
$108.37
all
by
the
securities
of
all
shares
share,
11,960.5
Mr.
Mr.
of
of .common
shares
of
Power,
provided
the
redemption,
preferred stock, being
its
class.- Under
the
the
by
deposit
provisions of
him,
as
the
Power, of the
preferred
of
share,
per
minority stockholders, and pursuant
purchased 38 y2
shares of common
outstanding shares of said
Mr.
Tucker,
upon
of
.•shares
$67
at
him
charter,
.nominee
of
Tucker
Tucker, as the nominee of
to enable Power to effect
of
per
the
of
Tucker
Mr.
$1,296,159
agreement,
.Power's
of
purchase,
tendered
Subsequently,
amount
all
to
Power
said
the
to
cost
at the rate of $67 per share for 14,920.15
stock and $77 per share for 200 shares of preferred
agreement with Commonwealth Utilities Corp., Mr:
the
agreed
of
.Stock.
aggregate
being
common,
In
"Tucker
to
The
$1,015,050,
.stock
•Outstanding
funds necessary to effect redemption of the
called for redemption, became the ownerThus, the total cost to Mr. Tucker of all the
stock
shares.
said
shares
-
of
preferred stock and approximately 90%
of.
the outstanding shares of common stock of Power,
was *$2,313,789.
The
agreement of consolidation provided for the issuance by the
'
company, upon the effectiveness of the consolidation, of the following
securities: $2,300,000 first mortgage bonds, 3%% sinking fund series
due
1970;
tive
preferred
from
$400,000 of
serial notes;
4%
shares
12,000
of
1,820,881
5%
cumula¬
$952,424
$828,942
219,000
194,270
$1,023,212
$2,844,572
43,479
13,116
14,177
423,163
275,000
305,000
355,000
925,000
$2,703,952
payable
income- tax
s
incomf
,i,$869,541
dividends paid
stock
Cash
preferred
.
Cash
dividends
$654,035
$100).
serial
of
stock
stock
412,347
notes
-been
applied
to
redemption of all outstanding funded debt issued
Electric and assumed by the company
The balance
of such proceeds has been added to the general funds of the
company
.and Will be applied to payment of expenses incurred in connection-
by
and
Power
£with
effecting
the
consolidation,
and
other
to
corporate
413,153
connection with the sales of said bonds and notes, the
company
agreed to pay to Blyth & Co.* Inc., for services in connection with
the sales, a commission of 1%%
of the principal amount thereof,
being an aggregate amount of ,$20,262.50.
The agreement of con¬
solidation provided for the issuarice of the remainder of the securities
I
Of
the
holders
to
company
of
securities
of
Power
Electric
and
»
.
fixtures
total,
(
(less
.
Emmoo Insurance Co.).
$1,245,338;
for; losses,
and
8168,153;
withheld
reserves
$934,104; deferred
5% preferred stock
$1,189,480;
accruals
(includes
and
income
($100
$7,740
payable to
and Federal),.
$563,911; reserve
finance charge?),
for taxes (State
reserve
(dealers
others),
(unearned-
par),
$5,083,900;
stock
common
(456,747,shares, no par), $3,260,151; earned surplus, $17)524,861; in¬
crease
in equity in capital stock and surplus of subsidiaries not con-'
solidated, during ownership, $2,479,547; common stock held in treasury
(43.594
shares,
2326.
P.
cost),
at
■
"
■••
Dr$l,237,108;
total,
■
$40,488.736.—V.
Balfour Building,
161,
Total
Power
-
of
bonds:
company's
Electric
preferred
Electric
common
Gross
36,000
18.254
45,635
$1,079,000
Shares per
Electric
preferred
Electric
common
■■■*
Company
7
Shares
.55
I.060
stock
'
.190995
10
*
37,000
1,000
$1,000,000
The
basis
'determined
and
the
basis of
issuance
of
ment
securities
between
solely by Mr.,
of
the
of
the
issuance of securities
consolidation
the
of
negotiations
determined
was
of
issuance
of
by
Tucker-
company
purchasers
under
for
and
cash
Mr.
was
Tucker,
the
plan of consolidation
The.adoption of the agreement
by the company and the predecessor corporations and
the
securities
consolidation
were
of
the
company
authorized
pursuant
the
by
the
to
Arizona
agree¬
Corporation
';•> On the basis outlined above Mr. Tucker
following securities
{a)
______
Principal,
For
a mount
of
of
For
1,000.
2,500
the
became
entitled
to
receivi
company:
common
stock
at
$6t
shares Electric preferred stock at $
shares Electric com. stock at $18,254
$897,519
36,000
45.635
Par
value
For
•<c)
Par
value
For
For
For
of
preferred
11,960.5
of
Common
1,000
shs.
'72,500
shs.
value
The
.7
Total
.
shs.
par
Electric
com.
stk.
at
par
value
com.
common
822.726
37,000
$19.0995 par
stk. at $100 par value
stock
_
1,000
$908,475
will be entitled to receive
the sum of $21,674. being the
redemption price applicable to
shares of preferred stock of Power purchased from Commonwealth
Utilities Corp.
cash
200
-
Of
the
holders
of
-shares
of
said
class), the holders of 646% shares (constituting 3.9%
-of the outstanding shares of said class), at the
meeting of stockholders
obtained
at
as
in
June
1,
is
•.:
••
1945,
unpaid
thereto
bonds
and
£1,570,666).
to
which
ion
unclaimed.
remain
interest
is
there
June 1,
1945, to the
exclusive of bonds held
at
as
is
security
as
peseta;,
the
for
francs
in
interest
the
£439,571
bonds:
at- the
Brussels
of
rate
mean
*;
-;»•
is
of
in
sterling
pesetas
pesetas.
Principal
is
coupon
the
44
payment.,
the present
the arrears
for
presented
equivalent tat
the pound) of
to
.■;;
:
61,895,500 pesetas.
amount
solely in pesetas, the
thereof
during
save
period interest on about
160, p. 139$::
4 Vz%"
,
As
of
interest
been able
the civil
company has
the period of
the
bonds,
unsatisfied.—V.
Sept. 12 that offered 39,046 shares 4%% cumu-'
preferred stock at par ($100) per share and ac¬
crued dividends, and 20,129 shares of common stock at
$17.75 per share. All of the proceeds from the sale will
go to certain selling stockholders who acquired someweeks ago 315,387 shares of common stock of Diamond
Shoe Corp. amounting to approximately 75% of the
capital stock of that company,
;r.
...
group on
lative
,
•
The
preferred
and
offered
will
merger
of Diamond
be
by
,
stock
of A. S. Beck
selling stockholders
common
received
the
Shoe Corp. being
?s a result of the
Beck Shoe Corp., which was.
Shoe at a
special meetipgr
Co. into A. S.
stockholders* of Diamond
Shoe
approved
by
Sept.
A. S. Beck Shoe Corp. has been
10.;
Diamond Shoe Corp.
of
a wholly
owned subsidiary
,
White,
Inc.,
Weil.
the
Weld & Co., Alice Kaplan, Adams Express Co.»_
Corp., Edward A. Norman and Ruth Alice N.
International
After
sale
the
as
common
a
stock
the
of
will
group
own
Beck.
stock of A. S.
the merger is
connection with
currently being offered, the selling
295,258 shares, representing 70%
All of the preferred to be received
Diamond
of
aggregate of
shares
of
Shoe
currently being offered.
stock
stock
of 4%%
50,130 shares
common
$890,335 funded debt,
42,122
common
of A.
make up
will
receive
in
exchange
cumulative preferred and
Beck
S.
Shoe Corp.
the total
These
ar>
417,750
shares,
plus
forma consolidated capi¬
pro
talization of A. B. Beck.
$13,118
$11,045
$30,137
$27,190
depreciation, repairs and alterations.—V.
161,
has just sent out
company
a
request for bids
on
from
the
Pressed
Steel
Car
Co.,
Delivery of the
Inc.
is expected
cars
1164.
p.
Barcelona Traction, Light & Tower Co., Ltd.—Plan of
Compromise Provides for Retirement of Debt—
E.
A.
Graydon,
Secretary,
Sept.
the following statement
inability of Ebro Irrigation &
foreign exchange to meet
the service, which is payable in sterling; upon Its fixed Interest
bearing
the
to
stockholders:
Power
Co.,
securities
has,
Ltd.,
held
bv
the
to meet
the
8 issued
the
necessary
nine
Traction,
years,
interest
Light
made it
&
Power
Co.,
impossible for
amortization
and
its
upon
Ltd.,
the
latter
consoli¬
own
dated
6 % %
prolonged and delicate negotiations, the possibility has now
obtaining, subject to conditions, a limited amount of sterling,
prior
lien
bonds
and
5'/2%
its
first
mortgage
enabled
submitted
.Canada).
the
under
board
to
formulate
6%
45-year
in
bonds,
Spanish
"Pursuant
to
meetings
of
would
the
of
holders
of
of
at
principal
off.
eliminated;
and
and
Court
interest
Capitalization, Authorized and Outstanding
are
sterling
two
issues
Canada,*
as
set
forth
the
in
circular
will
be
the
for
Plan of Compromise.
will be submitted to
the
plan
an
for
final
$890,335
4%%
($100 par)__
50.190 shs.
Common stock
($1 par)uX.;X__*__,_--___-_l^X__-:--.-_^; ;
417,750 shs.
A note payab'e to a bank, outstanding June 30, 1945, in the amount
of $200,000, was paid July 16,
1945.
sterling
sanction
to
of
165,504
sterling
funds
and
the
Court
shares
has
in
been
the
bondholders."
the
ordinary
obtained.
company
■■■'
shares
Under
Sales
be
the
issued
:-..
applicable
to
each
will be paid or issued respectively to National Trust Co.,
Ltd.,
Toronto, Canada, for distribution as set forth in the plan. On the
distribution:—'
Holders
of
and
(Company
and
Earnings for Calendar Years
Subsidiaries
>•
1945
Basis,
(C)
Giving Effect to
(D)
>
(E)
$451,212
923,699
108 $14,710,520
mos.)
___________
1943
$10,352,784
$1,198,242
108
30,325,787
21,053,776
29.533.2°2
2,278,331
t2.052.7PR
»•
108
(6
1944
:
+769,517
"876,520
5 812,739
i
847,124
». 844,273
21,289,173
+2,154,925
"1.501,400
-
22,236,654
16,636,450
22,630.395
17,237,267
1,165,344
1.059,769
21,271,693
16,120,876
1,041,236
26,032,247
102
—
30,353,693
109
——
No.
of
(D)
(A)
20.253.371
19,361,190
108
105
105
1941
H
on a Pro Forma
the Merger)
(B)
(A)
sold.
Net profit
"After
stores.
consolidated
6%%
prior
lien
bonds
providing
(B)
-
Consolidated
for
each
£100 !
before taxes.
$102,070
for
(E)
net
sales.
(C)
t782,762
'
Cost :of goods
Net profit after taxes.
post-war
viding $197,930 for post-war contingencies,
for post-war contingencies.
a
of
tAfter pro¬
tAfter providing)$100,000
contingencies.
t
History and Business—The business of the company is the operation
a chain of retail shoe stores founded in 1914 by A. S. Beck.
Com¬
pany
is a wholly owned subsidiary of Diamond Shoe Corp., ? holding
primarily, and, upon the merger into the company of Diamond
companv
prior to the delivery of the stock now offered, the com-,
acquire the other 13 subsidiaries of Diamond Shoe C°rP-»
of which are wholly owned, and will continue the op°ration
of the retail chain.
Six such subsidiaries are engaged in the manu¬
facture and wholesale distribution of men's and women, s shoes and
handbags, principally for purchase and distribution by the company.
Five other subsidiaries lease and one. owns real estate occupied by
Shoe
Corp.,
pany
will
issue
of
mortgages
cumulative preferred stock
,
-
additional
distribution
The
•
!
estate
1942—_
Ontario,
of
approval, its successful completion is dependent upon
there being no substantial change in circumstances at the date at
which the necessary sterling has to be provided.
The plan is there¬
fore conditional upon the funds in both sterling and pesetas
necessary
for
Its completion
being paid to the accounts of the trustees for
the respective issues in England and Spain within a
limited period
after
j
1938
19,
approving the
these meetings, it
Ontario
be
before March 1 of each year
the largest number of shares
Exchange.
Real
1940
and
involves
Co,
to
paid
be
Supreme
the
would
of
Listing—Company has agreed to make application to list the 4aA%
cumulative preferred stock on the New York-Stock Exchange.
Appli¬
cation will be made to list the common stock on the New York; Curb
1939
Oct.
of
Compromise
or
Guaranty Trust Co. of New York.
Registrar for common stock, Chem¬
ical
Bank
&
Trust
Co.
Registrar for preferred stock,
Bankers
Trust
held
on
considering
approved
of
Plan
to retire on
1, 1947, 2%
preferred stock at any one time theretofore outstanding by purchase
or by
redemption at a price per share of $103 prior to March 1, 1^49;
$102 prior to March 1,
1956; $101 prior to March 1, 1957; $100.5(1
prior to March 1, 1958, and $100 on and after March 1, 1958, plus
accrued
dividends
In
each case.
Transfer
agent for both
issues,
purpose
London
scheme
1.949;
of
If the plan
the Supreme
for final sanction.
It should be noted that, as the
large
financial transactions which will require
in
of
Court
issues,
both
which
currency,
order
an
the
1,
Sinking fund, calculated
commencing with March
The
comprising the two above mentioned
the
a
Companies' Creditors Arrangement Act, 1933
this plan the sterling funded debt of the company,
Under
March
bonds.
arisen of
has
otherwise than
sinking fund, at a price per share of $105 prior to
$104 prior to March 1, 1952; $103 prior to March I,
1956; $102 prior to March 1, 1957; $101 prior to March 1, 1958, and
$100 on and after March 1, 1958, plus accrued dividends in each case.
through
,
cumulative preferred stock Is redemeable,
continued
Barcelona
during the past
as
company
on
"The
obtain
to
4%%
The
will
all but
one
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor
William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with astatist icalissu eon Monday
William Dana Seibert, President;
l
utner
offices; 135 S. La Salle St.,
Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith.
Copyright 1945 by William B. Dana Company. Reentered
as second-class matter
February 25, 19*2, 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„
JX^OTE: On account of the fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds,
■
ex¬
Madrid and London, Paris or Brussels (as
the la?t business day immediately preceding
Cke Commercial and Financial Chronicle
-
...
indebtedness:
interest
sinking fund and of unpaid coupons
prior
or
.■'■■'-v.
funded
there
which
Unde? the merger terms, holders of the presently outstanding 4X7,750
?
:
durieg the months of November and December, 1945.—V. 132,
1,644.10
outstanding shares of common stock of
JPower (being all of the
outstanding shares other than shares ownedby Mr. Tucker and constituting approximately 10% of the
outstanding
has
1
Governmental
47,749
„
company
value of
stk. at $55 par value
pfd. stk. at $37
In addition to the securities Mr. Tucker
(
::In
45,311
proposed issue
$1,200,000 promissory notes to a list of 65 prospective bidders,
including banks, trust companies and insurance, companies.
The notes will be designated series
I, and will be issued subject to
the approval of the
ICC, and are to finance approximately 86% of
the base purchase price of 500 50-ton steel
hopper car? to be acquired
is
com.
Electric
—
10
1,200,000
Stock:
14,958.65 shares Power
For
'V'f
17,485
2551.
separate
stock
of
respect of which
shares
69,100
of
$979,154
stock:
shares Power preferred
Compromise has been
has been sanctioned
following
(on
1936, amounting
£439.571).
This
1,
calculated
stockholders
$138,412
72,036
19,548
income
payable
Total principal amount of bonds
•(b)
$147,484
30,839
Baltimore & Ohio RR.—Bids Requested—
be
Power
it
and
'
Net
which
bonds:
14,958.65 shares
For
',.7-
$59,369
_______
bank
the
to
by
p'edged
(A. S.) Beck Shoe Corp. — Stocks Offered—Lehman
Brothers and Wertheim & Co. headed an underwriting
of
1945—7 Mos—1944
After
•Commission.
the
in
47,749
1.000
4
7
■
Value
$914,251
.37
2,500
stock
common
Total Par
Share
16.622%
stock
A similar
preceding
1945.
$1
Taxes, incl. Fed. income
tax
by
company
■'■.
the
mortgage
these bonds is payable
maintain the payment
American
pay-:
30,300
exps.
held
1936
Belgian
of
Peseta
Trust
share,
per
$62,966
miscell.
&
first
Statement
1945—3 Mos.—1944
income
'••Oper.
Earnings
1,
exchange, rate
interest
(c)
in
Condensed
Period End. July 31—
$997,365
36.00
2,500
;Distribution of company's com. stock:
Power common stock
$1.25
quarters.
p.
$60.00
1,000
_
of
31, 1945, to stockholders of record Aug. 16,
distribution was made on May 31, last, as against
Amount
16,622%
stock
stock—
dividend
a
Principal
per Share
Shares
stock
common
declared
held
of selling stockholders includes Wertheim & Co., Lehman
Brothers, The Schiff Co., Lazard Freres & Co., Commercial Investment
Inc., San Francisco—Div., Etc.
recently
necessary
such
The group
•
able Aug.
as
Amount
Distribution
-
.
directors
The
and
the
.
bonds
amounting
bonds
which
on
amount
remains
payable ($182,000 held by Associates Building Co.),
accounts payable
date
ip
capital stock and surplus), $6,000,547; furniture,
$33,637, deferred charges, $33,826;
$40,488,736.
.
.
lien
between
be) on
may
still
depreciation),
Liabilities—Notes
$9,276,400;
of
Plan
and
held by the peseta trustee
of first mortgage bonds.
in
or
ruling
case
War
$2.27'
company's:
and
"Including insurance,
Principal
and
434,061
$1.13
-
the
is
bonds
that
the
to
<
equity in subsidiaries'
.follows:
•
to
420,920
$2.10$1.72
of
.
outstanding
June
£2,640,000
436,057
411,671
-
:
/
.
1936,
£1,562,920
Paris,
•
Consolidated Balance Sheet, June HO, 1945
Assets—Cash, $5,068,233; investment in U. S. Government securities,.
$1,600,000;
receivables,
$27,685,108;
repossessions, $64,474;
accounts
receivable from Durham
Manufacturing Corp., $2,911; investments in
capital stock of .subsidiaries not consolidated (valued at
■■
purposes.
In
:
1,
exclusive
While
of
*Does ./hot* include company's equity in undistributed net income of
lion-consolidated subsidiaries: 1945, $174,894; 1943, $194,313.
securities,
panies for cash at 100, plus int., and a portion of the proceeds have
;
matured
371,740
329,542
plan
surrendered
meetings
Ontario
it
mortgage
the
of
sinking fund and of unpaid coupons which matured June 1, 1936,
prior thereto and remain unclaimed but inclusive of bonds held
exchange of prior instruments.
In addition there are specifically
on
_
when
of
^
(par
the
issue.
June
which
the
paid on
Common shs.-outstg.__
Earnings -per share—'—
$100), and 10,000 shares of common stock
$1,221,000 of. the bonds and $400,000
have been sold by the company to two insurance com¬
Of
since
This is
V*i'212,969
.
£2,640,000 principal
held by it as security
the distribution of
to
prior
The
$1,196,409
177,200
134,396
the
and
of. the
has
official
'•'$844,407
128,383
this,
Court
£2,684,900
tthe
..........
on
_____
of
to
first
and
above-mentioned
necessary
their
change
300,000:
Net
the
condition
released
be
((a)
in
;
capital
held
principal of the first mortgage bonds is payab'e i»
sterling, interest is payable In pesetas at Barcelona, Spain, calculated
on
the
basis
that every
£20 par value of first mortgage bonds is.
equivalent to 500 pesetas, but this peseta interest is also collectible,,
at holders' option in English sterling in London, or in French francs
140,620
$1,162,424
holder
as
that
a
those
put the plan into effect, it will give notice
6%
45-year bonds and it will pay or secure
tb the bank the full amount in Spanish currency necessary for the
redemption: of the 6% 45-year bonds in accordance with the term3
charged
_
(par
funds
is
effect
Supreme
redemption
bonds
$888,022
300,000
oper.*.-.
notes
on
common
!
Mr. Tucker, on July 9,. 1945, acquired by purchase for cash from
Commonwealth Utilities Corp. approximately 89.8'# of the outstanding
common stock and .approximately
l-.67% of the outstanding preferred
shares of
to
the
the
than
as
pledged
bonds
effect
It
bonds
*
.yyy;-
.
_
was
inc.
amount
of
£100
Ltd.
Bank
Into
mortgage
the
for
$1,188,022
Int.
aggregate"
amount of $631,1,52.' Thereupon, the net cost of Mr. Tucker's invest.ihent in Electric was $159,154, representing the excess of the purchaseof the common stocks and related expenses over the proceeds
the
$4,524,834
713,675
On Max*ch
an
jprice
from
$1,542,616
716,449
Electric
date, Mr.
same
$1,668,973
U
—_
stated
a
the
On
expenses
plan
eliminated.
at
-
Net
:
the
and
by
or
1942
1,034,620
oper.—
full
the
shares
by
security for the 6%
45-year
principal amount of such bonds
ordinary shares of capital stock.
two
and
(other
bonds
trustee,
each
mortgage
agreed! to
in
1943
$1,922,642
•
from
Operating
purchase price of $775,000, subject to adjust-,
Tucker caused the statutory consolida¬
tion
of
the
two? last
named
companies
with
Electric
(organized
.Feb. 23, 1943) and the issuance by Electric to him,» in exchange for
the, common stocks of said corporations, of $500,000 4 % %. sinking
:fund bonds, $100,000 of 4!4%-sinking fund debenture notes, $100,000
anents.
inc.
first
cancelled
*
1944
of
acquired by purchase for cash from Southwestern Public
all of the outstanding securities (consisting of shares of
Co.
common
•
Gross
"
1945
cash
urtpaid since June
sterling
equivalent
Co.—Earnings—
(Including wholly-owned Finance Subsidiaries)
r
receive
ordinary
5
45-year bonds will not participate in
sterling and the said ordinary shares,
said
'(b)
6 Mcs. End. June 30—
company,
Service
,«t
; ; '
]
will
and
mortgage
for
Westminster
also
first
1162.
Associates Investment
-
Ltd.,
•The! company
'
.
Bank,
of
'■
.'
first
receive
in
£45
the
be
Co.—Weekly Output
the
held
6%
1,000
1
^
5%%.
of
& Electric Corp.. jreport tbat: the!
Gas & Electric Group for the week
to 119,407,700 kwh.,
a
decrease of
Associated
1945,
output
ended
5,632,353
of
of
das
The trustees of the Associated
-
sterling
will
While
the
1162.
p.
held
carry
of"
shares of cumulative preferred stock received by him
shares now offered) to the underwriters at not less
12,000
bonds
cash
amount
the sale,
12,000
such
in
for
purchaser of the bends sold for cash by
by him, at 100 plus interest, and, in.
will pay to Blyth & Co., Inc., a commission
of the principal amount thereof.
Mr. Tucker has also agreed!
the bonds
company
connection
of
Holders
principal'
stock
common
amount
principal
their
Westminster
that
share.'
per
the
company
of
'
stock of Power held by the dissenting stockholders.
common
than 97.—V.
'
of
stock;
outstanding
Co.1,000*
principal
legal proceedings,
which would have been Issuable to the dissenting stockholders
they had not dissented from the plan of consolidation, and to
pay
the company therefor the fair value of the
securities, which 7air
(being
principal underwriters of.
shares underwritten by each
Rauscher,
3,000
institute
Associated Gas & Electric
Julien Collins &
3,000 '
'4
and
company
the, several
of
will
has
bonds
of
to
$65,707
dissents
Power
of
value
amount
>
number
4,000
Co.—
:
stock
common
of
43,609
$157,326
company's
*
(Inc.)
Inc....
Staats
R.
the
the
on
$109,316
104,226 y
■
.
..
Central Republic Co.
"William
of
names <
preferred
$261,552
$145,506'. > $149,572
._!■".
$106,215'
3,101;
8,074 '
$255,084
deducts..
_
$253,478
7,073
$249,987
income..
•Total
$248,011
$242,892
1945, voted against the adoption by Power of the
Any such Stockholders who file with the"
22.
within
the time and in the manner prescribed by the Arizona
statutes, will be
entitled to receive from the company the fair value of the shares of
value
Net
1275
consolidation.
of
their written
company
'
Operation
Maintenance
Power on Aug.
agreement
CHRONICLE
^On1 June
important
company
Columbia.
of
OaciOug
operated 108 stores located in
shopping centers of 56 cities of 11 States and the District
1945,-the
30,
,
Stock
Preferred and Common
of
Underwriters
Com.
Pfd.
Shares
3.037
3,037
Whipple <te Co
—-Ball, Burge & Kraus
—
Bosworth, Chanute, Loughridge & Co—_
Commercial Investment Trust Inc.———
Courts
Co
&
Hallgarten
Hemphill,
Marks
Laurence
M.
Stroud
1,000
—
Telephone Co. of
revenues
Operating
Uncollectible
v"'-
—
rev.
oper.
Prov.
900
for
Net
.
779,064
Consolidated
$8,447,755
5,323,073
Society—Earnings—
Interest
—
1944
$285,364
31,714
25,569
23,825
$288,805
$299,833
24,457
4,280
158,074
4,443
Prem.
1 Net
Divs.
3,225
4,504
12,582
1,209
2,336
■&fri 179
pid.
151,689
*
$101,016
$454,572
42,000
1945.
April 1,
on
,
$230,534
-
.
8,042,510
5,069,321
132,620
^
16,052
320,916
67,508
—
—
55,551
credit
Canada
281,300
—
,
,
$1,608,891
taxes
Balance Sheet, July 31, 1945
Assets—Cash, $234,555; investments In common stock of Beneficial:
Industrial Loan Corp. and in subsidiary and affiliated companies of
the society—at book value which is substantially
cost, $6,162,885;
\
;
'
.
.
■/ Liabilities—Note
$62,472;
accrued,
stock
ferred
par),
to bank, $750,000; accounts payable and
for Federal Income taxes, $103,526; $6 pre¬
stock (420,000 shares, no
payable
reserve
$3,000,000; common
first series,
Bishop Oil Co.—Declares Extra
5%
for
in
each
yj l
Sept.
on
declared
6
of
sinking fund bonds due Nov. 1,
service
servicing
and
•
26,118
36,828
2,080,362
76,226
—
v\
-
William
Holman,
M.
■
.
■
of Seattle, Wash., a member of the law
and for 14 years a director of the
Allen,
Sprague
Allen,
&
both concerns, to
fill
Johnson.—V.
a vacancy
160,
$2,763,754 $28,612,117 $28,720,288
;
,
the
of
outstanding
Boston Fund,
The
purchase for retirement of 4,000
preferred stock for the purchase price of
the
authorized
have
of
accordance with an invitation
stockholders.—V, 162, p. 779.
in
preferred
of
tenders
Inc.—Quarterly Report—
three
the
for
report
months ended July 31,
affords the
1945,
following:
'
Net
value
asset
the Fund
share of
per
are
shown in the following
table:
Net Asset
Shares
As of—*
Jan.
July
Income,
Exclusive of
J
Income
Profits
-V:
mand
or
Losses
Investment
on
of Net Assets,
Statement
market
$486,864;
dividends
securities
exchanged,
Liabilities—Accrued
July
quotations,
for
Securities)
26,298
v
and
cash
$15,505,318;
interest
$11,916;
receivable,
receivable
on
$1,375;
accrued
de¬
$28,718;
for
capital
:
total, $16,041,878.
$9,061;
expenses,
31, 1945
taxes
(other
than
payable to brokers for securities pur¬
chased
but not yet received, $22,744;
payable for capital stock re¬
acquired but not vet received, $23,715; dividend payable, $127,005;
income
tax),
$3,892;
assets,
equal to $19.97 per share on 794,187
shares
of $1 par value capital stock
(exclusive of 2,724 shares in
treasury) outstanding at July Jl, 1945, $15,863,147;—V, 161, p. 2327.
total,
$18,732;
net
Bowser, Inc.—Semi-Annual
R/Hosken
Damon,
Coincident
with
have been
enjoyed
by
c
us
1
$957,786
contingencies—
of
tax
prof,
exc.
;
:~
Report—
;
<
/"
President, states:
the
surrender
cancelled.
during
the
of
the
The high
first
.
six
*
\
Japanese,
rate of
months
:t
all
of
our
of
the
year
war
con¬
earnings
and which
shipments and
Cr204,122
;
.f$286,692
$352,128
$1,161,908
276,000
'
276,000
$1.28
outstdg. (no pari.
sharesj.—
276,000
t $424,692
276,000
common
138,000
$76,128
Surplus
Nil
$885,908
276,000
credit of $108,178.
fDeficit.
tTentative refundable portion of prior year's Federal taxes on income
by reason of carryback of the net loss and unused excess profits tax
credit, $775,000, less reduction in post-war refund of Federal excess
profits tax, $92,000.
>";
'
2,427,728
per
♦After
>
deducting
in
$4,21
V:
retirement
debt
Balance
Assets—Cash
161,
banks
and
Sheet, June 30, 1945
. r
.
on
hand, $2,668,702; U. S. Government
receivables, $2,978,689; post-war refund
$1,153,866;
Federal
excess profits taxes for the
years 1942 and 1943, $697,477;
$4,570,195; prepaid insurance, taxes, etc., $168,832; emer¬
plant facilities, $926,836: land,-buildings, machinery and equip¬
ment (after reserves for depreciation of
$2,444,477>, $1,196,874; emer¬
gency plant facilities (after reserve for amortization of $1,723,340),
$494,277;
patents, drawings, jigs/dies, etc.,
at nominal value, $1;
in
always
are
/ '
gency
it is not always
exact alphabetical
reasons
companies
possible.
v
as
alphabetical
near
.
total, $14,855,749.
Co., Ltd.—Earnings
United States Currency)
1945—Month—1944
1945—7 Mos.—1944
$5,702,533
$4,940,288 $36,560,162 $33,002,742
2,955,304
2,299,872 18,755,437 15,768,785
earnings
expenses
162,
$2,640,416 $17,804,725 $17,233,957
$2,747,229
earnings
667.
p,
V;:
<\/
V loan
payable,
$853,465;
$1,013,247; reserve
bilities,
notes
notes
customers'
for
The directors have
were
Dec.
made
was
71
on
April
follows:
as
23,
declared
payable Oct.
Federal
taxes
income,
on
$1,707,170;
payable
to bank (secured collaterally by assignment of reim¬
payments becoming due to the company under terms of the
Emergency Plant
Facilities Contract dated June 2,
1941, with the
United States of America,
payable in 18 equal monthly instalments
from June 30, 1945), $695,127; reserve for
possible post-war losses on
and
plant,
including
surplus,
$5,765,281;
total,
reduction
and
rearrangement,
personnel. $1,230,000; capital stock
Corp.—25-Cent Dividend—
cents.—V.
a
July
1,
162,
p.
Butler Brothers,
dividend of 25 cents per share on the
l to holders of record Sept. 21.
A
April 2 and July 1, last.
Payments
1
Oct.
and
1,
25
cents
similar
in .1944
each, and
period End. Aug.
Wholesale
-V.
Bonds Placed—Mellon
Securities Corp. has placed publicly an issue of $3,640,000 first mortgage bonds, 3Vs% series due 1970.
The
bonds were awarded to Mellon Securities Corp. at com¬
petitive bidding Sept. 5 on its tender of 101.7469. Price
to the institutional buyers was 102.19, at 3% yield basis.
Bonds are dated Aug. 1, 1945, due Aug. 1, 1970.
Brooklyn Borough Gas Co.
under
for
160.
1291.
p.
purpose,
lighting
the
1898,
New York
among others, of manufacturing and supplying gas
streets and public and private buildings of the City
and
industrial
customers.
The
,
-
customers,
•
-
.
and
•
•
from
10%
r
•
heating and
r
•'
other
>
facilities have an effective daily
cubic feet, and its gas storage
facilities aggregate 12,000,000 cubic feet.
During the 12 months ended
May 31, 1945, the maximum one-day send-out of gas by the company,
occurred on Jan. 26, 1945, and amounted to 13,360,000 cubic feet.
company's
of
Purpose—Net
funds
held
gas
manufacturing
approximately
in
proceeds
9,000,000
(est. $3,651,587) will be used, together with
amounting to approximately $134,013, for
the treasury
1,313,399
sales
—
$10,350,903
.
$66,897,350 $66,332,479
11,169,000
9,941,997
$10,776,384 $78,066,350 $76,274,476
162, p. 668.
The
has petitioned the Massachusetts Department of
authority to extend its business to the towns of
company
Public
Utilities
Sandwich,
for
Mashpee,
Mass.—V.
148,
Provincetown,
Eastham
Truro,
and
Wellfleet,
574.
p.
Celanese Corp of America—New Officials—
William
sales.
in
L.
handling
has
O'Donovan
During
the
war
he
named
active
for
contracts
war
been
was
in
Celanese
filament
of
Manager
New
textile
and
York
yarn
Washington
products.
•
It
was
assistant
production, distribution and
located in the former thirtyfirst
Ward
of the Borough
of Brooklyn, City of New York, which
includes .among other districts, the districts of Kings Highway, Midwood, Coney Island,. Brighton Beach, Manhattan Beach, Sheepshead
Bay, Gerrittsen Beach and Gravesend. These district are largely resi¬
dential in character and over 8071? of the gas sold is for residential
purposes.
•v.y,//-."'/,'K ./• /
' '.'0
The
territory served by the company extends approximately 8V2
miles along the ocean front and bay to a maximum depth of approxi¬
mately four miles from the ocean front and comprises approximately
IOV2 square miles.
It has a year-round population estimated by the
company to be approximately 350,000, which is increased substantially
during the summer months by summer residents and daily visitors.
As of May 31,
1945, the company served 91,032 active customers'
meters, of
which over 85,000
were
residential.
For the 12 months
ended May 21, 1945, approximately 78%
of the operating revenue of
the company was derived from residential customers, 12%
from com¬
mercial
$9,462,985
1,376,974
Buzzards Bay Gas Co.—Expansion—
21,
York.
New
1945—8 Mos.—1944
$8,973,929
—
and Business—Company was incorporated Feb.
Transportation Corporations Law of the State of
the
the
1945—Month—1944
,
sales
Combined
of
(276,000 shares, no pari, $1,051,125;
$14,855,749,—V.
Chicago—-August Sales-
31—
sales
Retail
..V/a-
348.
'
payable to banks, $2,500,000;
deposits. $40,334; accrued lia¬
bursement
earned
Broad Street Investing
;
capacity
tracts
other
Balance, transf. to earned surplus
Dividends
of
Company is engaged primarily in the
sale of manufactured gas to consumers,
$170,903
sold but not yet delivered,
Federal
f$236,G92
$352,128
for plant rearrange¬
res.
inventories
of
31, 1945
_
deposit,
receivable
mechanical
Period End. July 31—
Operating
for
$144,605
Assets—Securities/ at
stock
Ended July
Three Months
;
—
!
274,000
781,000) tCr683,000( *3,014,822
Earnings
(Expressed in
Gross
17,82
income.
y
68,440,
146,400/
securities, at cost,
Brazilian Traction, Light & Power
18.62
:/
:
.
Expenses
Net
57,313
5,089
/
$4,246,608
421,004
•'
arrange
as
"
715,211
12,746,609
of
per
794,187
746,567/
$15,863,147
^
13,900,965
31/ 1944—
Statement
t $901,242
expense
Liabilities—Regulation
History
Sh.
'$19.97
standing
Net Assets
-
31/ 1945—
——
31, 1945——
•
to
position
Value
Out- -0
Total
July
$4,241,519
13,095
468,666
credit only.—V.
post-war
Canadian
However, they
capital stock,
Purchase Preferred Stock
Booth Fisheries Corp.—To
sent to
Co.,
NOTE-—For
order.
distribution
'
$400,000,
f $914,347
$1,334,841
$21,693,197 $12,217,629
-
Ltd.,
.
posxible
1945—8 Mos.—1944
1945—Month—1944
'
$2,445,982
shares
$1,299,838
35,003
»
(net)—.;
inventories,
Net
—-V. 162, p. 875.
stock
1,167,576
Inc.—August Sales Off 11.5%—
Bond Stores,
Period End. Aug, 31—
Sales
,
11,533,262
614,231
—
2439.
-V.
The. directors
1943
$5,409,095
923,060
468,000
492,133
Total
1290.
p.
1944
$2,222,898 $10,618,915
income
and
Shares
6,256
.,
1,321,744
firm of
Boeing
1945
v
expenses
profit
ment
20,335
2,483,909
.
has been elected President of
caused by the death last year of Philip
$3.39
-
profit
income
accounts
Airplane and Boeing Aircraft Companies,
G.
surplus—
'
4 - ''
"
A'/r■
1944
$529,383
$2.61
2,094,986
•
.
trustee,
1945
_
Post-war refund
surplus.—
Boeing Airplane Co.—New President—
v
640
surplus
Dividend—
1944.—V. 162, p. 980.
quarter during
Co.,
$422,406
Net profit
17,307
1,120
——
20,815
Bowser
1965,
interest.
and
Trust
,
general
Approp. to
——u...—
F.
104
at
1945
Farmers
shares—
Excess profits taxes—
21,700
com¬
contracts..
Other
Federal
Earned
°S.
series due
162, p. 1164.
common
Co.—Earnings—
and
9,200
.
Paid-in
:
4%
taxes—
130,000
on
prolit
Operating
892,482
payable within
Minority interest in subsidiaries———
preferred stock—
Common stock (par $1)
—
p.
Bullard
80,000
Reserves
Capital
11,
Bank
York, N. Y.—V.
New
6 Months Ended June 30—
80,000
installment)
(current
debt; and purchase
Funded
Oct.
>
1
,
bonds,
mortgage
161, p. 1092.
Total
income
Deferred
profits tax.-
210,854
Eagle
of
extra
an
—V.
Interest
of interest of stockholders
Lock Co. not participating in plan
reorganization.—
—
—
Reserve
$190,973
redemption on
made at the City
after charges and
863,703
contracts
for liquid,
pleted
$101,948
for
be
earned
2,227,186
15,800
-—
5%
called
will
share
862,156
,
special
$223,218
first
Per
Selling
1944
Prov.
124,532
2,705,841
year
First mtge.
outstanding
Net profit
3,435,747
f, debentures sinking fund
s.
one
92,319
(E. L.) Bruce Co.—Earnings—
allowances
and
income—
contracts
Purchase
34,461
126,000
$146,894
William St.,
22
146,828
Renegotiations
dividend of 2 Va cents
per share and the usual quarterly dividend of 2 Mi cents per shore on
the capital stock, par $2, both payable Sept. 15 to holders of record
Sept. 1.
Like amounts were paid on March 15 and June 15, last, and
directors
The
been
Payment
$1,084,866
total, $6,397,439—V. 160, p. 1179.
surplus, $2,306,441;
$175,000;
have
711,454
\
total, $6,397,439.
124,497
5,753,200
on
35,273
99,000
surtax—.
the
of
contracts—..——
liabilities
Accrued
Federal
155,427
35,565
Years Ended June 30—
123,177
L
war
158,084
152,767
Calls 4% Bonds for Redemption—
All
Gross
with¬
employees for war bonds and
holding tax
Notes
payable
on
$508,050
60,700
debt
income
$21,693,197 $12,217,629
J ""J"
'
.
payable
from
$384,959
normal
♦No provision necessary for excess
"
279,988
/,
First
f
'
tax,
pro.its
——
—...
Fed.
and
3,349,144
;t;. '
1
*134,975
;
excess
on
Liabilities—
Ded.
12,536
$537,550
/
68,945
3,526,771
15,572
equipment
and goodwill
Total
Accounts
$495,514
8,386
•
16,978
funded
for
tax
1,997,116
—
,—
assets
Advances
.
,
Other
$376,574
8,023
deductions
36,272
------
42,000
-
redemption
for
tures
stock
com.
on
assets
on
$734,876
443,758
4,736,978
;—
—
and
S.
$529,528
2,833
—
income
*frov.
1944
136,214
expenses———
reiund
1942
$2,745,348
2,249,834
$320,738
oper.
income
Miscell.
Weiden-
Joseph
$4,376,212
——
———
Investments
1943
$2,789,944
2,413,370
$323,572
from
earns,
Total
30
June
—
securities
current
Other
U.
84,000
84,000
At
a
special meeting held on Oct. 31, 1944, the common stock¬
holders
adopted an amendment of the certificate of incorporation
which eliminated the previously authorized 7>/2% cumulative preferred
stock
(none of which has ever been issued)
and authorized a new
preferred stock of 100,000 shares issuable in one or more series.
The
preferred stock first series, limited to a maximum of 30,000 shares,
was
offered for issuance to debenture holders in exchange for the
surrender of debentures for cancellation.
Under the plan of exchange
holders
of $2,225,200 of
debentures surrendered them In exchange
for
24,477.2 shares of preferred stock first series.
An additional
$880,600 of debentures were retired by redemption on Jan. 1, 1945,
and during the fiscal year the company purchased and retired a total
of $40,700.
As a result of these retirements the amount of outstand¬
ing debentures was reduced to $1,921,000 at Jan. 31, 1945,,
On Feb.
21, 1945, the directors took action to call all of the remaining deben¬
Divs.
and
r
$106,019
-
$61,896
84,477
period— :stock
for
inc.
on
Prepaid
$2,885,326
2,355,798
1944
$1,311,967
expenses—
Net
Inventories
170,286
4,719
470
141,890
.
of defd. chgs.—
taxes ■
on
debs, retired-
Prov. for Fed. inc.
27,387
oper.
Other
:
Sheet,
Balance
banks.,
and in
hand
on
Post-war
1945
Total income
Administrative expenses
$0.41
1945
Receivables
1942
1943
,
$198,287
$1.21
Assets—
buildings and
Patents, trademarks
July 31—
6 Mos. End.
$778,172
r
share—
hoff, Inc., for month of June only.
Marketable
991,229
May 31,'45
Operating revenues
Total
v.
Calendar Years
5 Mos. End.
'
530,081
income—.
Land,
Beneficial Loan
Amort,
11,366,939
5,851,599
"
2,108.252
».
$59,192,877
of Earning! ''
Summary
1.
Interest
779.
p.
$728,368
(after
post-war
profits tax>
excess
net
SEC
the
income
common
per
and a registration
covering such new cumulative
Commission
S.
P.
York
with
stock.
12,000
$2,886,424
taxes——
on
on
Consolidated
$8,879,888
$1,191,535
753,670
$1,210,480
income-
oper.
income
$728,368
•
1,250
Cash
—V.- 162.
taxes
credit
refund
1945—7 Mos.—1944
$66,162,532 $59,242,847
48,810
49,970
$8,373,594 $66,113,722
5.6731658 42,811,076
1,508,401 14,422,758
$9,441,983
6,462,785
1,768,718
$2,874,424
New
filed
$827,654
99,286
the
been
has
statement
Net
900
before
before
preferred
adjustments
income
preferred stock, which have been called for redemption
1945.
Proceedings with respect thereto are presently'
/I,
Oct.
pending
232,896
f.'v-i,V.'o'yV^' 'V
r'•
before adjustments—
•
years
Net
Pennsylvania—Earnings-
1945—Month—1944
$9,449 741 $8,379,914
7.758
6,329
Operating revenues—
Operating expense# —
Operating taxes ». —
Net
v
.
on
1,282,465
:—
' '
*30,000 shs.
40,000 shs.
stock ($100 part, the proceeds of which are to be applied
redemption of the outstanding shares of 6% cumulative
$3,107,320
——
part—
the
participating
9,462,220
service exps.__
income
Earnings
Period End. Julv 31—
(net)—
(no
30,000 shs.
50.000 shs.
($50 par)
"Company proposes to issue and sell 15,000 shares of new cumulative
preferred
1,584,228
—
operations——
on
expenses
Prior
162, p. 979.
Bell
sales.—-:
income
Net
900
1-°""
^5UU
stock
'
.
cumul, partic. pfd. stock
Common
169,000
575,000
notes due semi-ann. to 1947
ser.
Capital Stock—
6%
900
•
—
,
500
1,800
1,800
--
—
Co
&
500
1,670
——-—•«——-—
Co——
&
Weld
White,
—V.
Net
series due 1965.
bonds, 4%
.
2%%
1944
900
Other
—
———-—
Inc.-
Company
&
Walker
Admin,, selling, engineering and
1,250
—
Boyce——
&
Bros.
Cost
1,250
about Oct. 11, 1945, of the presently outstanding
or
'<
,
(
17,970,651
500
of
on
Capitalization Giving Effect to Present Financing
Long-Term Debt—
•
Authorized
Outstanding '•
First mtge bonds, 3J/8% series due 1970
$3,640,000
$3,640,000
;
30
June
$22,662,200 $11,572,338
900
1,000
---
Co
&
>?
Six Months Ended
'i:"'Y^-r
*1945
sales
Net
2,500
Co.—
<fe
Statement,
Income
Consolidated
500
3,046
,
towards
2,500
Co.————
&
Preres
Lazard
the end of hostilities.
before
time
1,000
--
Riter
short
1,670
1,800
the redemption
$3,640,000 first mortgage
ic«u,iU
uui
1,800
—
Co
&
Hirsch
1,000
3,036
& Co
Marache &
& Co.—
Noyes <fc Co.—
Granbery,
500
ii.
oiuet'S
wl
900
1,000
Parsons
Graham,
900
1,800
—
Bacon,
H.
1,670 ;/
1,800
Corp.———;—-v——;«
Securities
Adamex
G.
1,670
Co
&
Wertheim
Stein
Shares
Brothers
Lehman
end. However, we have a substantial
utlfi* —wu ».<s ow.ai.vU iui»»»vu«,*(/v.-*y
after V-J Day to expedite shipments of this business.
With respect
to
our
terminated war contracts,
we are well protected under our
"V-T" loan against direct financial hardship inasmuch as under the
terms of our loan we are able to borrow on
the inventories relating
to terminated contracts as well as on contract termination claims.
We face
the future with optimism and with full confidence that
your company will do as outstanding a Job during the post-war era
as
it did during the war, in the course of which we received the
Army-Navy Production Award five times, the last award coming Just a
continued until V-J Day, is at an
Interest in certain
and one (50% owned) has an
the company's stores
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1276
sales.
has
been
—V.
162,
announced
also
Col.
Harry
Boston
has
to
Mr.
active
p.
in
that
J.
Guyton
Boston
Price, ' Vice-President
been
both
the
with
the
converting
had
in
and
yarn
been
named
charge
of
since
1928
corporation
sales
yarn
and
departments.
1164.
(The) Celotex Corp.—Calls 3%% DebenturesAil
of
the
outstanding
12-year 3%% debentures due July 1, 1955,
redemption on Oct. 13, next, at 102 »/a and interest.
have been called for
Payment will be made
at the Chemical Bank & Trust Co., trustee
165
Broadway, New York, N. Y., or at the City National Bank & Trust Co..
So. La Salle St., Chicago, 111.
'
:
208
■f Holders may receive immediate payment of the full redemption, plus
interest to Oct. 13. 1945, upon presentation and surrender of
accrued
said
debentures.—V.
162,
p.
1165.
Central Electric & Gas Co.—Preferred Stock Offered
—Paine, Webber, Jackson & Curtis and Loewi & Co. on
Sept. 11 offered 29,322 shares of 4.75% cumulative pre¬
ferred stock, series A (par $50) at $53 per share and
dividend.
A total of 65,000 shares were
registered, of
which 35,678 shares are issuable to holders of 6% pre¬
ferred stock who accepted the company's exchange offer
leaving 29,322 shares to be taken up by the underwriters.
Redeemable,
at
$55
ning with the date
as
per
share
during
of which dividends
the
12
months'
commence
to
period
accrue
begin¬
thereon,
Volume
reduced
and
by
25c.
tenth of
share,
per
to
winding
or
of
$50
12
dividends to
stock,
The
Purpose—The
funds
as
entire
of
Chicago,
transfer
proceeds,
net
agent.
together
/
,
with
;
^
;
such
due
June
Series
Serial
B,
Giving
bonds:
Effect
to the redemption
2.25
A
Nov.
1969
1,
Common
'Since
havq been
issued
pfd.
cum.
None
50,000 shs.
the
of
at
company
increased
was
from
$2.40
Jo'7
shares
of
Divs.
to
State,
Federal
and
1943
87,301,109
$6,763,777
1,698.738
1,752,664
4m»,jU5
4ul,5dl
Other
422,791
643,181
432,399
373,300
408,615
379,000
60b,000
$1,020,831
$1,111,382
32,746
477,597
the
Central
in
Electric
Delaware
&
under
The
Central
of
77B
successor
West
Co.
the United States
30,
(Del.),
which
is
from
such
affiliated
not
reorganization
with
the
(including previous
April
20,
electric
•
purchased) for the 12 months
derived from gas property, 10.8%
was
.4%
from
water
property
and
.3%
from
was
natural gas
operations
and
1.8%
from
The
39
eastern
engaged
communities
Nebraska,
community,
Dakota.
the distribution
in
situated
in
17
sale
and
in
counties
of
eastern
from
of
in
All
Commission.
tNet
Co.
Upper Hudson
and
the
latter's
by
southern
City,
of
the
The
end
the
of
territory
the northern
and
properties
population
the
of
of
this
end
of
1944
is
Poughkeepsie,' with
one-half
is
population
a
small
in
of
number
of
of
names
the
be
to
purchasers of the
purchased
by
respectively,
and
arc
as
C. Allyn
A.
Bear,
Central
&
24,738
Dempsey
Hamlin & Lunt—-J-
Republic Co.
Johnson,
(Inc.)
——
—
and
24,000
&
Co._r-_
24,000
Moseley
&
Co
24,000
Sills,
Customers with manufactured gas.
Schoellkopf,
24,000
in
one
F.
S.
Co
24,000
.
Wertheim
&
McDonald
&
Co.—
the
extends
eastern
stituting
one-half
about
end
Murdo
to
completely
a
munities are served.
of
communities
in
20
communities
communities
ginia.
of
in
in
Virginia.
of
Central
"
,,
partially
Wisconsin.
western
from
end,
Nelson
con¬
30
and
in
10
Co.,
and
owns
Co.
E.
total
Schwabacher
and
net
:
to
prior
be
the
Telephone
Co.,
service
Middle
Corp.,
LaCrfsse
in
States
other
of the several
names
percentage of unexchanged
chase, are as follows:
stock
W.
Co.,
each
has
Curtis
&
agreed
Lee
19.24
The
19.24
G;
12.31
Edward
Central
C.
A.
—V.
_
Republic Co
Allyn
162.
Co
'
""
6.15
445,738
of
shares
common
stock
issued
are
and outstanding
and are not offered
shares owned by the Niagara Hudson Power Corp,
for the account of
the shares are being
that
as
of
part
that,
Corp.
the
of
sale
sold
the
by
in
not
of
ing
subject
the
to
stock
common
approval
together
of $40,000,000,
excess
41,515
Central
is
company
Niagara
Hudson
informed
Power
Corp.
program
to dispose of certain of its public utility
The company is informed by the Niagara Hudson Power
the
of
New
17/20ths
York
stock
of
other
treasury
funds
of
of
Corp.
Ediscn
notes
to
the
proceeds
of
the
of
the
and
Co.
of
preferred stock, 5% series, of
201,500 shares of the common
New York,
Inc., together with
the
such
amount, together with funds of
Power Corp. and its subsidiaries,
to be
Buffalo,
Niagara
&
Eastern
applied to the retirement of
outstanding shares of $1.60 cumulative preferred stock of Buffalo,
Niagara & Eastern Power Corp.
Hudson.
other than those held by
Capitalization
as
of
June
30,
series
series due 1970 *$2,200,000
1971—*13,265,000 .1
due
Serial
preferred
cum.
*The
stock
(par
>3,581,552
3,524,806
$163,645
income
and
$161,780
Divs.
pfd.
on
52,924
53,004
$108,776
$1,432,254
$1,441,185
41,800
501,606
501,606
$66,976
$930,648
deducts,
stock
•
41,800
amount
par)——-—1,500,000 shs.
securing
of
these
bonds,
of
issues
the
contains
same
or
any
no
70,300 shs.
1,500,000 shs.
limitation
subsequently
on
the"
created
equal
that the
balances from
unexpended
for
the
of
preferred
:
with the
power
of
common
vol .>•••
■
*
stocks
the
purchase
share,"
per
constituent
the
companies for
is
and
company
necessary in
stock for the
by
the
capitalization
the
of
out
held
shares
of
common
stock.
the
plan to issue preferred
constituent companies1
If
by
is contemplated
unified company,
it
necessary,
acquired
8,326.131
carrying
shares
unified
that the additional
will be cancelled so
will
company
be
stated
as
.
the
to
board
action,
and
approval
assent
involved.
and
the
Consummation
plan
stockholders
of
of
unification
of
the
approval of the ICC.—V.
will
each
of
of
have
the
to
com¬
plan is dependent upon author¬
162.
876.
p.
Belt
protlt
Co.
-Earnings—
'
admin,
■
and
gen.
exps.
.
1945
Vv
sales—__..__:
on
$10,343,741
and
*
$8,113,979
•'
,
3,895,296.
3,681,727
3,218,473
4,634,686
6,688,201
3,779,722
347,924
profits taxes__
excess
income
1943
$11,748,217
(less
income)
inc.
1944
I
•;
502,377
317,408
taxes
"663,550
______
$802,285
$875,912
$1.65
income
Net
Net
income
*After
$1.80
share___
per
provisions
for
depreciation.
tAppropriation
$798,376
for
reserve
possiblp future inventory price
tingencies, and provision for renegotiation.
636,211
declines
and
other
con¬
•••.-'.•
-■
Balance Sheet, July 31, 1945
*
\
$1.64
additional
of
Assets—Cash, $3,030,691; U. S. Government securities, $1,963,056; Fed¬
excess profits tax refund
bonds, $299,575; notes and accounts re¬
eral
ceivable
(less reserve), $1,198,833; Inventories, $3,671,515; other cur¬
assets, $491,179; fixed assets (less reserve, $5.065.557),• $2,540,patterns and drawings, $1; deferred charges, $182,468; other as1sets, $41,371; total, $13,418,951.
rent
$68,920
162,
p.
.
$939,579
668.
261;
Liabilities—Current
Century Ribbon Mills, Inc.
6 Mos. End. June 30-
Profit
(&
Subs.)—Earnings-
tax
accrual
taxes
$251,573
$165,217
$132,989
$73,974
taxes___>_
100,000
62,000
50,000
$151,573
$103,217
$82,989
$67,795
14,976
16,618
$68,013
$51,177
including
income
and
profits
excess
and
6,000
prof, after deprec.
and Fed. taxes____
Preferred dividends
liabilities,
S. tax notes of $4,622,515), $3,478,456; rfeserve for
contingencies, $1,330,811: deferred income. $15,443;
capital and surplus, $8,594,241; total, $13,418,951,—V. 161, p. 2440.
(less U.
inventories
1942
1943
1944
1945
Fed.
before
Fed.
income
Chicago & Eastern Illinois RR.—Equipment Trust Ctfs^
Net
The
13,038
.
___
Common
:
30~000
dividends
Shares of
$121,573,
Balance
Sheet, June 30,
100.000
$0.68
$0.90
$1.51
Consolidated
$0.51
and
the
in
banks
and
on
hand,
$647,263;
S.
Government
receivable, $1,723,625; cash sur¬
render value life
insurance, $87,038; inventories (estimated), $822,044; land, building, machinery and equipment (after reserve for de¬
preciation), $1,303,986; investments in Mill Superintendent's Homes.
$5,394; deferred charges applicable to future operations, $23,986; total,
costt,
$265,900:
accounts
based
payable—banks, $80,000; trade creditors, $136,951;
dept.-manufacturers-jobbers,
$1,115,769;
accrued
wages-tax'es-commission
(estimated),
$57,983;
Federal
income
tax,
1944,
factoring
$52,179:
$100,000;
notes
provision
for
Federal
banks—due
payable
income
tax,
1948-1949,
1945
reserve
$25,000; capital stock (100.000 shares no par),
capital surplus. $892,810; earned surplus. $138,545; total,
161, p.
2216.
■■
;-7 ■---f/
--."V
for
$2,000,-
$4,879,-
.
on
Unifica¬
The
made Dublic Sept. 11
the details of its plan
for
family lines into a new system aggregating approxi¬
miles of right of way, third largest mileage in Eastern
company
integrating
its
mately 7,200
<
to
obligation
assume
at
rate
five
dividends
and
99.53
equipment.
bid
offered
connection
of
sale
through
comoetitive'-bidding
were
cost
received.
were
2%
2.06% .—V.
per
of
the
162,
The best bid,
made by Halsey, Stuajrt
been
has
accepted.
On this basis the
the applicant will be approxi¬
proceeds to
1165.
p.
99.53 and dividends,
was
annum,
and
,
./
'
■
Chicago Mill & Lumber Co.—Earnings—
profit
Earnings
Since
kll
in
after
per
the
with
required
associates,
annual
for
in
The report of the Commission
" ;':/Z v"-: -••••
V
also sent to a large number qfs parties,
to specify in multiples of V8 of l^per
of. dividends to be borne by the certificates. ..In, re¬
rate
a
and
of
the
semi-annual period,
1943
$346,747 -I. $357,018
$1.48
$1.02
share____>_
common
close
s*;v
1
1944
1945
$238,721
taxes
.
retroactive
-
*<"#1;52
wageJ increases
plants have been ordered by' the
War Labor Board.
Company's protest that such wage increases should
not be ordered unless appropriate price adjustments were granted has
three
effect
exactly
for
of
company's
of
this
southern
denied.
The
tion—System to Aggregate 7,200 Miles and Investment
of $900,000,000—
;
;
company
6 Months Ended June 30—
Net
been
■
were
to
being
the
mately
(estimated),
$280,000;
sold
certain
thereto 3 bids
average
Liabilities—Notes
to
the
v
certificates
on
Inc.,
$4,879,237.
due
and
of
invitations
annum
1945
U.
authorized
4
part:
bidders
sponse
Assets—Cash
(at
in
The
100.000
100,000 vi
100 000
trustee,
as
procurement
states
stock
common
outstanding (no par>_
per sh. on com.
Earns,
bonds
$90,180
Sept.
on
liability in respect of pot exceeding $1 440.000 equipment-trust
certificates, series D, to be issued by the Old National Bank in-Evgnsthe
surplus
ICC
and
ville,
,
Balance
Chesapeake & Ohio Ry.—Further Details
13,265,000
amount
$2,077,397
$2,068,292
636,037
$110,720
other
income
Net
237.—V.
" 150,000 shs.
$100)—
.
(no
mortgage
aggregate
-
000;
1945
$2,200,000
pfd
stock
Common
Gross
Int.
Outstanding
mtge. bonds: 3%
4'/a%
252,731
contingencies,
and
Debt
Authorized
3'ft
the Niagara
v.-
Funded
First
249,513
364,497
128,500
taxes—
the
Niagara Hudson, will be used by the
Niagara Hudson in order to make a contribution to Buffalo, Niagara
&
Eastern Power Corp. in an
amount not in excess of $63,000,000,
the
128,500
4.927,825
1,539,500
amort...—-
issuance
banks in the amount
the sale of the Niagara Hudson's hold¬
shares
Power
Consolidated
SEC,
the •proceeds
with
the Niagara Hudson Power Corp. of
by
The
company.
its
investments.
of
the
or
for
—V.
,
Peabody & Co. on Sept. 12 offered at $9.75 per share
445,738 shares of common stock (no par). The group was'
awarded the stock, put up for sale by Niagara Hudson
Power Corp., parent of Central Hudson, at competitive
sale Sept. 11 on. a bid of $9.3265 per share.
The
and
ii05
f Appropriation
5,589,094
1,542,000
408,050
___
"
Deprec.
of-the
payment
an
1945—12 Mos.—1944
$907,509 $12,780,939 $12,069,529
$949,708
unified
net
Chain
Sell,
1945—Month—1944
—-
expenses
allowing
provided, however,
including
12 Months Ended July 31—
1,000
6.15
Central Hudson Gas & Electric Corp.—Common Stock
Offered—An underwriting group headed by Kidder,
by
revenue
Operating
after
year
after
stock;
determine,
may
than
Investing;
State
Gross
the
other
—
fund,
,
addition
*Gross
Balance
,
Valley
Inc
Co.,
July 31
7.69
6.15-
Co._
D.
7.69
980.
p.
Co.,
2,000
Central Illinois Light Co.—Earnings—
Period End.
7.69 *
H. Walker & Co—
Jones &
Mohawk
7,500
redeemable in
be
2,000
—
Miller & C<5.„—'
% tO Be
•
In
ization
Co.,
and
common
exchange of
prove
receive
&
It will
issued).;
preceding
stock
the
on
■
when
panies
Hatch
common. -
above."
4,000
---i'.;-:—7,000
—
7
•
the
the
3.000
H.
when
par
ol- the
any)
more
issuance
that
4,000
Inc..
at
preferred
discretion
of
Kidder & Co-
Hayden,
& Lake Erie
any
sinking
shall at
common
Fed.
pur¬
Brush, Slocumb & Co.—
7.69
Co
&
Milwaukee
5,000
(if
not
may
—V, 162, p. 779.
Purchased
Co.w
&
to
Hornblower & Weeks
Higginson Corp
Loewi
Co.—
&
Wheeling
preferred stock shall have equal voting
shares,
Inc.—-—-
one
of
the
•
such
5,000
Tully
Marquette'common;
preferred for each share of Wheeling &
share of new preferred for, each snare
5Va %
preferred and IV2
shares of new
new
stocks of the unified company in accordance with the plan set forth
above, there will be issued and outstanding 647,360 shares of preferred
It
&
a
\
Jackson
7,500
The
stock
._
and 4/10ths
preferred;
periods,
no
time exceed $1,000,000.
Such fund shall
by the company, to be used on such ^occasions as the board in
sole
Burge & Kraus——
7,500
&
.
Co.,
Inc
Nolan
Frederic
10,000
-
&
Co.—_
&
Emerich
Inc.
Prov.
% to Be
Webber,
Eiseman
Inc.-
Ames,
communities
Purchased
Paine,
Inc.—
Starkweather
principal underwriters and
which
Ball,
Co.,
*
Underwriters—The
A. M.
—
&
partially
owned subsidiary of
Central Telephone Co., owns and operates tele¬
phone exchanges and provides telephone service in Des Plaines, Park
Ridge, Pekin and fhre other communities in Illinois,
the
10,000
10,000
Blair
owned
Illinois,
of
Co.
Norman
communities
other
seven
Co.
Folger,
& Co
G. H. Walker & Co.—
subsidiary
telephone exchanges and
and
Telephone
22
Mitchum,
10,000
Tennebaum
„
5,000
Martin
Pere
of
Mar¬
Pere
of
Marquette
Pere
held
and
—
McKnight,
12,000
Peltason,
Vir¬
wholly owned subsidiary
exchanges and
partially
a
West
Inc.
Milhous,
12,500
—
Reynolds
telephone
and
ancfepperates
owns
in
19,250
12,500
Co.
Co
Co
&
7,000
on
share
in
"Upon
6,000
&
share
each
share
preferred
new
of
new
per
the
on
per
amount
5,000
Evans
A.
sell
to
part
$105
earnings
$3.50
stock.
Inc.:.
of
share
com¬
of
company.-
stock
of
dividend
7,000
Cook & Co
share
share
share
one
each
for
common
each
for
common
common;
for
common
new
share of new
dividend payment date on 30 days' notice at
share, plus a sum equal to the amount of all
accumulated/*and unpaid dividends thereon to the redemption date. %
/
"So long as accrued dividends on preferred stock shall have been
paid for all past dividend periods,
the company will annually1 set
aside in
a
sinking fund an amount equal to 5% of the remaining
Co.,
Minton & Co.,
Clement
19,250
&
Newton &
M.
&
24,000
Hallgarten & Co
Buckley Brothers.
-
,
a
operates
Douglass
com¬
owns
subsidiary,
communities
Inc..——___
a
which
s
owned
at
and
Carolina
LaCrosse
telephone
provides
in
Salem
provides telephone service in nine
in six communities in South Dakota,
Minnesota, in 30 communities in Iowa, in 17
in
Telephone
from
Dakota,
North
Telephone
State
the
at
system
telephone service in Charlottesville
provides
the
River
Virginia Telephone & Telegraph
Central
of
30, 1945, the company served
'
Co.,
a
exchanges
North
in
White
and
Telephone
telephone
operates
length
interconnected
As of April
electric customers.
6,738
Central
the
Pierce
_____——______
Newhard,
Co.—
which
Pomeroy,
Inc.
Hutton &
engaged in the distribution and sale of electricity in
South Dakota, in a territory comprising a comparatively narrow belt
is
Rauscher,
new
8/10ths
for
share of
each
in
or
price
a
Campbell, McCarty & Co.,
Company
sold
of
Plate
share of
9/10ths
preferred stock will be entitled to receive cumulative divito be determined within the range of 3Va% to 4% per
being the purpose to fix a rate which will enable the
(it
preferred
7,000
&
and
share
preferred;
rate
a
stock*at
Inc
'/a
new
new
whole
7,000
Forgan
distributed
of
for
annum
Lane, 'Space
Co.,
Nickel
common
unified
The
"
1;
of
preference;
15/100
dends at
7,000
_
Glore,
produced,
the
of
f
7,000
Company—
&
:
7/10ths
and
6%'
event; of merger, holders of C, & O. common stock will
their present stock, but in the event of consolidation, each share
common stock will be exchangeable for one share of common stock
of
.
,
Cruttenden &
24,000
Co.—
routes
the
In
„
Shares
24,000
& Co., Inc.—
Stearns
direct
most
be
retain
•
south¬
and
companies."
' ;; •.
accomplished through on
stocks for presently outstanding
would
Plate
prior lien stock:
Wheeling & Lake Erie
of
-
Shares
shortest
constituent
common
Erie
common
rural
stock
common
them,
the
of
and
share
new
and
Lake
approximately
shares
-
to
the
preferred
new
Nickel
of
and
of
share
V2
one
of
prior
share
about
company,
lines
preferred
each
for
preferred
are
and
villages
share
*.
effectively with the largest systems
give improved service to the public
more
and
over
consolidation
of
of
quette
approximately 267,000.
About one-half of this
having a population of 2,500 or more,
compete
follows:
share
mon
about
unified
together,
•
territory
the
over
as
each
is
the roads
welding
from
in the
method"
either
under
make
operation
merger
One
about
company
area
to
same
permitting
issues
of
the constituent companies
same
derived
ownership and operation of the properties of
possible economies in operation, mainte¬
administration and debt service and will enable the
will
exchange
subsidiary,
community, Norfolk, in northeastern Nebraska.
At April 30, 1945, the
company served a total of 47,998 customers with natural gas and 1,705
is
be
says:
unification of
The
^;;■ V.'.-v/
Drexel
gas
the
to
.
companies
available
Electric
„
Falls,
Manufactured
S.
be
,
statement
these
communities
approximately
In
The
York
State.
is
which
of
and
New
Albany.
Purchasers—The
including Lincoln, the State capital, and in one
located in the southeastern corner of South
Sioux
P.
subsidiaries,
business
river.
of
York
miles
is
the
north
New
follows:
natural
and
and
the
Kidder, Peabody & So.—_
is
company
in
gas
York
Electric
&
in
engaged
south
In
square
largest
the
ice
operations.
gas
Corp.
Gas
from artificial
was
New
organized in New York, which operates in the
Village and Town of Cornwall and in the adjacent Town of New
Windsor, and which was acquired in connection with the purchase of
certain electric properties.
property
88.5:
the
Light, Heat & Power Co.
west
telephone
Of such gross revenue of the company from -gas property,
property.
98.2%
of
owners
1945,
property,
of
83.01%
of
the
gross
operating
revenues
of .the company was derived from electric
operations, ap¬
proximately. 16.72% from gas operations and approximately .27%
from steam heating" operations.
~
Company owns ail of the stock of Cornwall Telephone Co., a small
was
company.
Electric
is
territory.
principal business of the company is that of furnishing gas,
electric and water- service in various parts of the States of Minnesota,
Nebraska and South Dakota.- Of the gross revenues of the company
from
the
"The
order
Kingston
miles
miles
40,000
The
ended
316,350
Electric
and
the
by
amended.
as
t$l,338,622
316,350
and
10
1935,
Co.' which,
Bankruptcy Act,
resulting
company
$1,045,081
315,350
on
will
benefits
.
Describing
Business—Company was formed Dec. 31, 1926, as a
the
following companies: Central Hudson Gas &
and subsidiary, Dutchess
Light, Heat & Power Co., and
Co.
located
Aug. 22;
Section
other
$1,017,443
158,175
company
of
and
2,500
$485,272
Dec.
on
Telephone
120,000
Hudson
RR.
about 40
1944,. was changed to Central Electric & Gas
Co.
Company is the principal successor company which resulted from
the- reorganization of Central West Public Service Co. (Del.),-in 1936
on
120,000
by
formed, which will take over all of the assets and assume all of
obligations and liabilities of. the four constituent companies.
The
( interest of the stockholders of
and
population
incorporated
was
of
name
120,000
$498,042
the
merger,
a
be
to
$1,458,622
generating and manufac¬
purchasing, transmitting, distributing, selling and supplying
electricity for lighting, heating, industrial and general utiltiy
purposes and.steam for steam heating.
It serves a territory extending
about 85 miles along the Hudson River and about 25 miles to 40 miles
455,234
$655,216
$1,165,081
turing,
$940,507
;
$1,137,443
60,000
the
Company
14,965
•
.
$1,132,813
449,591
$606,513
;
the
$558,042
•
•
existing The
continuing company.
If the
unification is effected by a consolidation, the Chesapeake & Ohio Ry.
will cause a new corporation (to be known as 'Chesapeake & Ohio RR')
company
Ulster
$925,541
21,431
$1,056,105
$596,685
History—Company
under
amendment
461,113
inc.
forth-
V
;
general
&
375,800
455,984
Net. Income.
23,554
476,317
their
at
continues:
plan is carried out through
rChesapeake and Ohio Ry. Co. will be the
$1,919,735
479,207
the proposal
on
the
unified
United
302,100
675,200
;
$1,052,670
deductions—
68,136
$1,641,398
243,587
net
required
Electric
404,585
i-371,000
$1,023,358-
31,338
earnings—
etc.,
73,512
act
•
statement
"If
serving
east
Int.,
liabilities."
The
$1,616,650
pfd
cum.
History
597,889
641. A)0
taxes,
income
Net
$1,896,181
•
income—
net
consolidation
47o,305
662,583
,
666,032
i
$1,573,262
nance.
1,928,390
1,901,459
misc.
income
oper.
$1,543,138
reductions
gas
Net
991,789
no
been approximately $200,000 less
except for Federal
resulting from cost of retirement in 1941 of the com¬
pany's then outstanding bonds and carry-over of excess profits credits.
1942
1,870,053
taxes—
profits
734,757
1,017,997
to
■
■
"the proposal contemplates a physical uniiication of all of. the prop¬
erties, rights, franchises, and assets of the several companies involved,
subject to the assumption of all of their existing obligations and
tax
2,094,493
taxes
income
Excess
1944
$7,5bb,069
ftt*o,dol
local
1,010,000
1,025,053
16,840
of
railroad
in
four
income would have
31?
1,894,759
depreciation-
Federal
1,059,100
$801,629
-
requirements
4y2%
;
2,152,800
3>
'Maintenance
for
1,038,000
$734,789
income
investment
net
loads, the C. & O. management states in its plan, would
welded together either through merger or consolidation.
Although
decision has yet been made as to which method will be employed,
be
437,884
1,050,000
526,462
income..^.
$900,000,000
a
expected
are
meetings.
These
on
income__>_____
Bal.
share,
per
825,000
Years End. Dec.
•
Apr. 30,'45
Prov.
510,801
1,050,000
:
representing
and
unification
scorning
stock
common
1945.
19,
12 Mos. End.
„
545,959
525,000
taxes
deductions
*As
operation
263,738
Fed.
'Reservation
*771,000 shs.
of
shares
Net
•/■
Summary of Pro Forma Earnings (Company and Subsidiaries)
Operating revenues
Operation—Gas purch._
3,871,502
65,000 shs.
$1,325,000 shs.
stock
-
1943
$8,970,113
income
Income
-
65,000 shs.
additional
27,674
stockholders
to
posed
1944
4,171,003
;J;
551,500
Gross
stk.,
$1)_.
common
-Calendar Years-
1945
4,540,870
Operating
450,000
par)________
1945,
June 30,
2,292,326
taxes
Other
2,100,000
shares by the amendment of July
Other
territory,
property.
'
Component lines of this proposed unified system axe the Chesapeake
& Ohio, the Nickel Plate Road, Peru Marquette Ry. and the Wheeling &
Lake Erie Ry.
The Chesapeake & Ohio bourd of directors voted its
approval of a proposal to merger these properties at its meeting on
Aug. 21.
The boards of the other three roads embraced in the pro¬
•
expenses-
for
Other
$2,000,000
$450,000
\.
$9,333,063
income
Unlimited
Registrar, None.
$9,764,120
<
,
1277
,
$4,943,815
Maintenance
Outstanding
—
(no
(par
30,
authorized
1,325,000
subject
annu-
$50)
stk
stock
April
thereby,
•
revenues-
oper.
Operating
Financing
Present
to
____'
maturing
4.75%
pfd.
Gross
;:
.-
A,
__
(par
cum.
secured
•
;
12 Mos. End.
30,
1945
of all 67c
Unlimited
series
_____
($45,000
stock:
series
and
-
MosTEnd
June
Depreciation
1974
due
thereunder
thereof.
agent, Irving Trust Co., New York.'
6
Prov.
1946-1955)
Capital
The
1,
notes
ally
/.
issued
conditions
Summary of Earnings
additional
Authorized
fund
skg.
mtge.
Transfer
stock.
preferred
Capitalization,
First
be
may
and
date of redemption.! Entitled,
in
of any liquidation, dissolution
be required, will be applied
may
terms
the
case
voluntary or involuntary) or any reduction
ihe insinuation oi any assets to stockholders,
accrued dividends to the date of distribution.
Bank
National
cumulative
which
to
(whether
up
resulting m
per share plus
First
the
in
common
capital
to
series,
per
monins'
such
plus
preference
12 months' period
share at the expiration of each of the
periods thereaiter, and alter expiration
months' periods, the redemption price is $52.50
25c.
12
eignt
THE COMMERCIAL & FINANCIAL CHRONICLE
share at the expiration of said
per
additional
by
succeeding
of the
Number 4421
162
the
'
ascertained
period,
older
for
the
first
giving
effect
to
six months of 1945 cannot be
However, at
at this* time.
the
wage
its worst,
increases
net e'aifoings
and
carry-back
provisions of the current tax^ law, will be $211,741, or 90c per share.
Up to V-J Day there was no decline in the demand for company's
product.
Its
problems
prices.
Cancellations
ceived.
Pent
up
being production difficulties and low ceiling
strictly war packaging are now being re¬
of
domestic demand
which has been clamoring for de-
liveries
to look for a drastic
wirh
op a
nnpratinff
year 1943-44.
The- board
overall volume. Company now has filed
the first six months of 1945 asking
effort to recoup some of the added costs
It.—V. 161, p. 2/84.
decline in
for
figures
K
Zgenial
forced upon
which have been
gold pesetas, as compared
that there is no reason
the effect
continue to
to
exoected
is
10
locomotives by American Locomotive and 500
Pullman-Standard Car Manufacturing Co.—V. 162, p.
freight
steam
•
'•
■
'
•
•
.
\../*'
'
Cincinnati Gas &
'
V'i:
-v
,
>
*.
•*•
on
holders of
mortgage bonds, due
Tne rate
Ihe
The new
the currently outstanding pre¬
Divs.
3
Valley RR.—Tenders—
1,326.836
16,172,366
of
May 31,*45
of
872,696
10,650,019
1,214,009
928,213
72,282
12,018,518
828,954
937.220
(3) Cities will sell to Dominion at par
mortgage gold bonds, due
Circuit
fn
White
It
-
'
1,174,477
807,619
3,262,536
3,201,223
3,220,854
3,201,229
1,431,669
1,162,758
tProv.
General
inc.
Fed.
(est.)—
profits tax
excess
taxes
172,47ft
972,000;,
3,090,341
3,1^5,493.
152,476
1,411,830
3,222,145
3,195,493
'
5,870,740
8,291,004
$12,301,613 '
$12,155,107 $12,313,458 $12,556,377
5,083,715
5,264,018
4,701,153
income—
deductions
Income
J
.
1,938,285
»
(net)
Gross
>
.
taxes
Fed.
4,721,043.
;" >.
...f
■
week of last year,
152,000,000 kwh. for the corresponding
162, p. 1167.
.
the
Philadelphia,
and
involved
transaction
the
that
a
cash
payment
before
Balance
income
Fed.
&
Philippine subsidiaries)
'•'Pro Forma
$9,558,600
$8,621,222
3,674,659
.
$4,366,950
121,391
$3,589,211
105,232
$4,488,342
823,788
$7,791,839
$3,694,442
(net)
income
subsidiaries
deductions of
to borrow an aggregate of $15,000,installment notes,
the rate of 13/i% per annum.
The names,
banks and the amounts to be borrowed from each..
Such loans are to be evidenced by
banks.
from
payable bearing interest at
the
of
respective
follows:
as
are
Income
to
Loans—Company proposes
Bank
000
Other
forth in
of further assurance.
agreement
was organized in Maine April 14, 1910.
It was
do business in the State of Michigan on July 21, 1915engaged, entirely in the State of Michigan, in the genera- .
tion and purchase of electricity and its distribution and sale in 1,223
communities and townships as well as rural areas, in the production •
and purchase of
natural gas and its distribution and sale in 239communities and townships and in the production of manufactured.'
gas and its distribution and sale in three communities.
The popula¬
tion of the territory served is estimated to be in excess of 2,278,009
based on the 1940 census.
Company also supplies steam heat in fivecommunities and water in four communities and, incident to its elee-.
trie
and gas business,
subject to limitations dfoe to the War, sells."
appliances.
Company's electric transmission lines interconnect with;
those of The Detroit Edison Co.,
the Lansing municipal plant and
Michigan Public Service Co,
Company has no subsidiaries.
1,380,026
income———
operating
Utility
.
673,238
First
Bank,
National
$2,000,009 .
2,090,000;
2,000,009 ;
1,202,509
Bank and Trust Co., New York
Central Hanover
York—
New
'
effected
manufacturers
customers
and
as
well
Net
the advantage of
stockholders of both
the
as
of City Stores Co.; Mr. Cohn,
George H. Johnson, President of Lit Brothers, and Alfred Blasband,
Vice-President and Treasurer of Bankers Securities Corp., were elected
additional directors of Oppenheim, Collins & Co., Inc.,
at a meeting
M. .Greenfield,. Chairman
Albert
of the board held on Sept. 11, representing the new interests
_
company.
,
Net
on
Sept.
11
declared
Of stock.—V. 161, p. 2656.
Bank
Chemical
and
properties
162,
Co.
Trust
stock, 4%
has
appointed
been
registrar
series.—V. ip2, p. 1166.
Period End.
accordance with action taken at the
special meeting of the stockholders held on Aug. 20, 1945, voted to
make a distribution in partial liquidation
in the aggregate amount
of $508,434 (i.e.,
a distribution
in the amount of, $6 in respect of
each of the 84,739 shares of capital stock of the corporation author¬
ized and outstanding or issuable pursuant to the Plan of Reorganization
of Colonial Utilities, Inc. and Colonial Utilities Corp., dated as of July
directors
.
.
on
Sept.
li,
in
upon
and collateral trust 6%
1,
inc.
"
State
Second
National
503.426
519,789
90,055
405,689
416,928
$1,067,670
Income
Net
income
5,163
$90,381
$1,072,833
56,890
264,532
deductions
corporate
____
income
$4,480
$808,301
$848,672
■
Consolidated
1958 of
Steel
Corp., Ltd.—Change in Name—
last, changed its name
to Consolidated Steel Corporation,
Beginning July 17,- 1945,. transac¬
tions
in the common
stock without par value were recorded under
the new name on the New York Curb Exchange.—V. 161, p. 2329.
It
bonds due Feb. 1, 1942
Colonial Utilities. Inc., as and when such bonds are surrendered
exchange for capital stock of said corporation pursuant to said plan,
but in no event prior to Sept. 18, 1945.—V. 162, p. 1166.
of
in
is
that the corporation
announced
of
Jackson
Lumberman's
Consumers
Electricity output of the Commonwealth Edison
sales to other electric utilities for the
excluding
showed
7.1%
a
lowing
are
decrease
output
•Sept.
8
Sept.
T
totals
of
the
last
past
Sept.
year.
four
1944
1945
Purchasers—The
•
Fol¬
% Decrease
18
_—
11
_
—V.
7,1 -
185,582,000
185,876,000
189,525,000
5.2
principal
spective
190,148,000
1.6
6.8 '
162, p. 981.
^
Compania Hispano Americana
de Electricidad, S. A.
("Chade")—Earnings—Dividends—
The
directors
Sept.
decided
call
meeting of the
company to be held in Madrid on Sept. 23. 1945, in order to submit to
this meeting the balance sheet and accounts of the company for the
fiscal
The
year
net
on
6
to
a
general
1944-45.
profit for the fiscal year 1944-45
amounts
to 18,297,784.90
.
similar coupon was received
from Morgan Stanley & Co.
:
(Mich.)
Mich
^
80,009
—
Commonwealth & Southern
principal underwriter and the re-*.
the new bonds underwritten are as
:v; ;;
:;•■ ■■• /.-"•'v.^.v
each
of
name
'
Stuart
&
Co.
of
Emerich
Ames,
Inc.
.
>
Co.,
&
—^
Arnhold
Inc
Atkinson, Jones & Co._
Atwill
and
E.
A.
Aub
Company—
Parker
&
Redpath _'
Whipple & Co.-
Baker,
1, 1945; due Sept. 1, 1975.
Watts &
Ball,
The
Burge
&
Bankers
*350,000
Co
Kraus—
Bond
.
Baum,
A.
Frank B.
Caldwell
,
Co—
Bernheimer Co.
Cahn & Co._
Phillips Co.—
John B. Carroll & Co._
c. F. Cassell <fe Co—__
City
Securities
Corp
.
Clayton Securities Corp.;,;
Coburn
c.
C.
Middlebrook
&
Collings
inc.
Julien
150.C00
100,000
Courts &
&
Collins
&
Co—
Co
:i
Inc.
&
Co.
Cunningham
&
S.
Co., Inc
—
Curtiss, House & Co—
J. M. Dain & Co.—_
100,000
K.
100,009
100,009
600,009
100.009
Cruttenden & Co.—___
5,500,000
3,000,000
Stearns & Co—
G. Becker & Co.
200.000
150,009
100,009
100,009
100,009
100,009
300,000
Co.,
1
■
100,000
Leary &
Bear,
Bioren
500,000
500,009
H. H. Butterfield & Co.
Co.
Inc.
Barrow,
600,000
750,000
" 100,009
200,00
1,750,000
Stokes & Co—
Brooke,
Burr & Co., Inc.-;
Butcher & Sherrerd—_
350,000
100,000
150,000
100,000
Co
&
AuchincJoss,
■
250,909
200,009
Braun, Monroe and Co.
250,000
100,000
Bleich-
and S.
roeder,
;
t
& Co.—
J. C. Bradford & Co.—
Loughridge
,
,
'
,150,009
Bosworth, Chanute,
150,000
Applegate—__
G.
Geo.
,
150,000
Co
Almstedt Brothers—
•
Name—
' ~
Boettcher and Company
~
;
*
$29,775,000
Bacon,
Interest payable on March 1
and Sept. 1 at office or agency of the company in New York.
Coupon
form in denomination of $1,000 registerable as to principal only, and
in fully * registered
form in denomination of $1,000 and authorized
multiples of $1,000.
Coupon and registered bonds interchangeable. *.
Any or all of the bond.; will be redeemable at option of company, or
by operation of various provisions of the mortgage, at ^any time or
from
time to time upon not less than 30 nor
more than 45 days'
notice given as provided in the mortgage, at the principal amount
thereof
and
accrued
interest together with
the respective regular
redemption premiums, the initial regular redemption premium being
-
80,009
100,009
25,009
60,009
80,009
(Mich.)_
Rapids,
Grand
amounts
Inc.
and associates.
Dated Sept.
V
50,009
Creek
of Muskegon
Bank
Name—
Halsey,
i
15.2
187,168,000
Aug.
Aug.
177.493,000
175,952,000
173,265,000
*
(Mich.)^
<Mich.)__
(Mich.)__!
follows:
headed by Halsey,
Sept. 12 offered $113,825,000 first
mortgage bonds 27/s% series due 1975, at'102.37% and
accrued interest from Sept. 1. ,The offering group won
the award of the bonds at competitive bidding Sept. 10
on a bid of 101.6799.
A competing bid of 101.529 for a
weeks
160,791,000
__
_____
Bonds Offered—
Stuart & Co., Inc., on
8
164,851,000
—
1
25
Co.—$113,825,000
400,009
100,009
(Del.), which owns of record and beneficially all of the commoa
stock (1,811,716 shares), representing approximately 71% of the voting
stock outstanding.
Upon the redemption of the 191,924 shares of $5
preferred stock, this percentage will be increased to approximately 77%»,
of the voting stock outstanding.
in July,
A nation-wide group of underwriters
of companies,
ended
comparisons with last year:
Week-Ended—
Aug.
week
from the corresponding period
kilowatt-hour
the
and percentage
group
Power
City
Michigan,
Allison-Williams
Commonwealth Edison Co.—Weekly Output-
(Mich.)
Control—Company is a subsidiary of The
v.
162, p. 565.
Bank
of
Sag-
Saginaw,
Corp.
*
"Loss—V.
Bay
Bank
of
;
Kalamazoo
Battle
of
Union
150,009
80,009
Mich
Bank
National
335,188
"$21,975
of
National
$1,183,860
85,901
Bank
National
6,407
$34,916
—•'*
120,009
400,009
30,009
Co.
Bank of Battle Creek
Bay City Bank, Bay City,
Central National Bank at
$1,177,453
2,109
;
991
Trust
and
1
National
American
~
Gross
Bank
-
500,009
Mich
Mich—1_
S; inaw,
165,658
158.465
96.000
*
Mich
Mich—
Trust Co., Jackson.
Lansing, Mich—
Pontiac,
Bank,
Pontiac
Security National
-
$88,271
$33,925
-
income
ana
Michigan National Bank,
......
39,966
38,093
109,296
City Bank
Jackson
1,700,435
1,792,876
■V
Mich
Flint,
Community National Bank of Pontiac, Pontiac,
County Savings Bank, Flint, Mich
"Industrial State Bank of Kalamazoo (Mich.)
.
128.046
taxes
ahd deplet.l—
Balance
Other
whom such stock shall be
the surrender of first lien 5'/a 7^ bonds due June
Colonial Utilities Corp.,
k,"'.VV'- 1 •V../V:
income
State
370.938
393,953
—
Fed.
than
"
be made by paying
record at the close
of business Sept. n, 1945, provided, however, that such distribution
in
partial liquidation with respect to shares of capital stock of the
corporation which have not been issued under the Plan of Reorganiza¬
tion of Colonial Utilities, Inc. and Colonial Utilities Corp., dated as of
July l, 1941, before the close of business Sept. li, 1945, shall be with¬
issued
State
&
Deprec.
such distribution in partial liquidation to
share on Sept. 18, 1945 to stockholders of
per
expenses
and
Fed.
1941 >
held for the account of and paid to persons to
•
Oper.
Taxes/ other
Commercial
Genesee
$3,980,263
$3,928,125
$685,230
$703,318
Bank,
Citizens
1945—12 Mos.—1944
1945^-Month—1944
July 31—
Lansing, Mich
Grand Rapids, Mich
& Savings Bank,
Lansing,
of
Central
#01d Kent Bank, Grand Rapids, Mich
Peoples Commercial and Savings Bank, Bay City, Mich
Peoples National Bank of Grand Rapids, Gr. Rapids, Mich.
Consolidated Gas Utilities Corp—Earnings—
for
Colonial Utilities Corp.—Partial Liquidating Dividend
$6
Bank
of
981,
p.
750,009
750,009
500,009
80,000
50,009
30,009
150,009
150,009
100,000
30,000
Detroit
of
Savings Bank, Chicago, 111
American State Bank, Lansing, Mich
latter computed under the income method) is based on
consolidated returns for the company and its domestic
filing of
Operating revenues
1.
$2,108,632
Bank
National
1,000,009
750,000
New York
P.
Harris Trust and
changes which
substantial
the
(the
provision
the
&
the cumulative preferred
:
2,725
26,886
Inc.—Registrar Appointed—
Colonial Stores,
The
2,725
have resulted from sales of
subsidiaries the pro forma statement
has been prepared to reflect the earnings of the system as constituted
at June 30,
1945,
and annual interest on holding company bonds
outstanding at such date.
The Federal income and excess profits tax
to
securities
affiliates.—V.
■
882,960
1
income
"Due
the
cents per share on the common
The
1,215,482
26,886
1,202,509
_*
York,
Trust Co., New
Morgan & Co. Incorporated,
New York Trust Co., New York
J.
$2,419,459
on
Bank,
City
Guaranty
Taxes assumed on interest
a regular quarterly dividend of
stock and class A stock, both pay¬
able Nov. 1. 1945, to holders of record Oct. 10, 1945.
This represents
an increase over the 12»/a cents per share formerly paid on both classes
•
&
Miscellaneous
in the
$3,021,204
' $3,664,554
Ei.
consol.
,
directors
The
15
of
?* ••
bonds-^-i-^--i-™.-v
Co.—
Gas
.
of
:_
deducts,
Interest
Increases Dividends—
j
deductions
before
income
company
Income
companies.
,
New York
Bankers Trust Co., New York
Chase National Bank, New York
National
of operations to be
it is expected that through coordination
more
efficient results will eventuate to
clientele,
>
>
Business—Company
admitted
•
3,651,985
1,516,991
of
t
547,788 shs2,000,000 shs.
1,811,716 shs.
the indenture securing such,
r.ir~set
except
the
and
bonds
15,000,000
1,000,000 shs.
par)
(no
limited
"Not
D
>
113,825,000
outstanding
547,788 shs.
stock
Common
Subs.)—Earnings
accruals—
reserve
*
par)
(no
cumulative
pfd.,
$4.50
-
Company is
profits taxes
Federal taxes
excess
amort,
&
stock,
Pfd.
1
Outstanding
Authorized
1945
1945
1944
$33,449,201 $29,400,627 $27,346,051
23,890,601 20,779,405 19.554,212
Operating revenues _i—
___
Operating revenue deductions
Collins & Co., Inc., with
Garden City, L. I., and
Pa., it was announced on
resulting from,
Federal excess
facilities.
to Present Financing
Giving Effect
bonds
(Sept. 1) 1975
Notes
payable,
1%%, due in equal
semi-annual installments of $750,000
'..V Consolidated Income Statements
12 Mos. End. June 30—
•.«
$4,155,759
series due
2%%
9.66%.—V. 162, p< 1167.
Consolidated Electric & Gas Co. (&
ip. Oppen-
3,424,81,T
$4,430,406
mortgage
First
to 222,week in
served for the week ended Sept. 6. 1945, amounted
compared with 246,392,997 for the corresponding
>
3,424,818
$3,624,621
resulting irom amortization of emergency
tax
Capitalization,
decrease of 0.1%V.
a
3,424.819
$3,646,573
-
"Equivalent to reduction in Federal excess profits tax
property.
tEquivalent to reduction in
profits
as
pared with
$7,855,224
pref. stock
on
Balance
The company on Sept. 12 announced that System output of elec¬
tricity
(electricity generated and purchased)
for the week ended
Sept. 9, 1945, amounting to\ 156,400,000 kwh., compared with 161,700,000 kwh. for
the corresponding week of 1944, a decrease of 3.3%.
Local distribution of electricity amounted to 151,900,000 kwh., as com¬
plus accrued interest $1,200,000
Co.,
the entire common stock holdings of
Divs.
$7,580,573
$7,049,440
3.424,819
$7,071,392
income
Net
kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
Retire.
understood
is
1,060,67ft
adjustments
for special res._
sition
Consolidated Edison Co. of New York, Inc.—Output—
#1,947,500, representing 95,000 shares at $20,50 a share, or about 48%
of the Oppenheim Collins shares.
Saul Cohn, President of City Stores Co., said that while the merchandising policies of the individual stores of both companies are
based on individual characteristics and requirements of locality and
'
95,580
abandonment of
<1944, a decrease of 23,799,323, or
Sept, 12.
,
'
•
1,202,300
1
(Exclusive of operations of Spanish and
Y.,
N.
2,207,385
6,600,000.
701,342
depreciation-
for
weekly
593,674
1953, of Southern Ontario Gas
New
plains,
2,440.892
6,675,000
petitions by 31 common
the SEC's ruling of June 30 approving the
*
territory
the late I. D. Levy in Oppenheim,
York City, Brooklyn, Buffalo,
in
19,573,340
5,612,699
6,180,750
of
this
of
2216.
The company has acquired
family of
stores
11,773,122
at
Actual
-
21,817.457
6,142,762
6,169,034
—
Maintenance
Philadelphia on Sept. 11
stockholders of the corporation for
Appeals
of
Court
Weekly Output-r-
of Southern Ontario Gas
City Stores Co.—Acquires Large Interest
lieim, Collins & Co., Inc.— < *
•J
16,970.6ia
22,871,835
Operation
1,613.892
dividend of $1.25
1945, the directors declared a
28,
Calendar Years
1944
1943
1942 .
So7,967,660 $56,64.9,790 $57,614,137 $52,441,344
revenue
gross
'--Special prov. for depr.
Amort, oi
plant acqui-
11,381,723
recapitalization
In a unanimous ruling the three-judge court also denied review
order refusing stockholders a hearing and for a stay in pro¬
The
liquidating dividend on its capital stock, consisting
shares of common, and in connection therewith the retirement
by Consolidated and surrender by Cities of 2,500 shares of Consolidated's common stock in liquidation,
>
Earnings
of
Statement
Total
54,229
Aug.
ceedings.
of 2,509
•
,
12 Mos. End.
1,191,839
,
191,924 shS»
—
—
Upheld—
review
plan.
by declaring a flnal
/
.
40,941,105
—
Third
The
a
to Liquidate Subsidiary
first mortgage bonds, due 1953,
161, p.
17,915,000
38,993,951
15,111,403
on
dismissed
Co,, Ltd., which Dominion assumed as successor,
(2) Consolidated will dissolve and distribute all
its assets, which,
after the sale of the Southern Ontario bonds, would consist of cash,
first
•
1969
preferred stock (no par)
$5
the $6 series preferred stock, payable (subject to SEC
authority) on the 28th day after the date of the order of the Com¬
mission permitting the payment of such dividend to stockholders df
record on the 14th day after the date of such order.
At July 31,
1945, dividend arrears of $29.50 per share on the outstanding shares
•of
preferred
stock
(not -including
fractional scrip) amount to
$43,710,563, which, upon the payment of the proposed dividend, would
be reduced to $28.25 per share, or $41,858,421.
share
per
and two of its subsidiaries, Consolidated Cities Light,
Co., and Dominion Natural Gas Co., Ltd., have
filed a Joint application with the SEC for the approval of a series of
transactions looking to the liquidation of Consolidated.
The proposed program includes the following:
(1) Consolidated will sell to Dominion at par plus accrued interest
5%
21,832,000
series of 1939 due
3,156,286
___——
income
Net
Note—On
Traction
'Ltd.—V.
55,153,000
3 Vt %
3,055,985
stock
pfd.
on
Plan
Cities Service Co.—Files Plan
i
1965— $18,925,000
Bonds—3'/2% series of 1935 due
series of 1936 due 1970
series of 1936 due 1966
Prov.
The company
<
.
3«/a%
25,248,071
58,140.422
— -
subsidiaries
of the Pennsylvania RR., 380 Seventh Ave.,
New
York, N. Y., will until noon of Sept. 29 receive bids for the
»sale-to the company as of Oct. 1, 1945, of sufficient Cincinnati &
Muskingum Valley RR. first mortgage bonds to exhaust the sum of*
.'
#13,900, at prices not to exceed par and Interest,—V. 160, p. 1181.
'
Issue—
Firbt Mortgage
*
Cincinnati & Muskingum
#150,000 5%
'
Purpose—The net proceeds, exclusive of accrued interest, estimated*
to
amount to $114,795,605,
together with bank loans of $15,000,000.
and funds on deposit with the trustee in the amount of $147,198 and
treasury funds io the estimated amount of $10,860,916, will be used
by the company for the redemption on Nov. 1, 1945, of bonds and oa
or about Nov.
14, 1945, of preferred stock as follows:
25,882,581
50,262,093
Other deductions
"H. W. Schotter, Treasurer
.
Public Service Com¬
authorized by the Michigan
and sale
Issuance
mission,
4.623,373
Interest
C.
&
I
2,214,777
4,059,420
2,149,128
taxes
for
replacement provisions
'
-
'Power
loss account
gold pesetas
'
income
Gross
Corp.—V. 162, p. 1165,
•
<
amortization
&
Provision
Beckjord has been elected President to succeed H. C.
Blackwell who is retiring from that office but remains as Chairman
•of the board././/a.-;
' . .'.• y
Mr.
Beckjord is also President of the Columbia Engineering Corp.
and Vice-President and 'a director of the Columbia Gas and Electric
Walter
>'
Deprec.
Elected—
New President
t
v
to the stock¬
currency), per
per share on
Commonwealth & Southern Corp. (4c Subs.)—Earns.—
1945—Month—1944
1945—12 Mos.—1944
Period End. July 31—
;''•$'
$
S
$
17,475.582
16,629,820 212,646,580 208,671,843
-Gross revenue
7,646,595
7,199,335
97,507,954 84,342,244
Operating expenses *—
basis.
Preferred not taken in exchange
will be sold to underwriters.
Company will apply the proceeds from
the sale of the new bonds and the new preferred stock not taicen in
■exchange
plus treasury funds and a capital contribution of $6,000,000
from Columbia Gas & Electric Corp., to the following purposes:
(1)
redemption of $40,024,000 3',4%and 3J/fe% bonds; (21 redemption of
all outstanding preferred shares not exchanged for the new preferred,
and
(3)
acquisition from Columbia its holding of common stocks,
bonds and notes of Miami Power Corp., Union Light, Heat & Power
Co.. and West Harrison Electric & Power Co.- ,
ferred
2540.
p.
steel
1163.
Electric Co.-—Files Issues
will be offered to
a
share-for-share
preferred
of the mortgage and in other special cases,,
as
provided I11 the mortgage, at the principal amount thereof and
accrued interest together with the special redemption premiums, the;
initial
special redemption premium
being 2% % of the principal
amount; plus accrued interest in each case.
t
for the previous year.
The board proposes to distribute the dividend in the form of "Bones
de Caja," as was done in the previous years, these Bones de Caja hav¬
ing the same characteristics as those distributed for the last four fiscal
years.
They will be amortized within 15 years from Jan. 1. 1946,
bearing annual coupons the first of which is due Jan. 1, 1947.—V. 160,
'
the bonds will also be redeemable
the sinking fund or the maintenance
amount;
principal
the
of
like notice, for purposes of
upon
and
,
of 13,088,582.27 gold pesetas
instead
The company has registered $45,500,000 first
1975
and 280,000 shares of preferred stock with the SEC.
on
the bonds and preferred stock will be filed by_ amendment.
company
will sell the new bonds at competitive bidding.
,
has decided to propose the distribution
dividend of 40 pesos (Argentine national
a
6%%
for the fiscal
,
Series A, B, C shares, and a dividend of 8 pesos
Series D and E shares.
The balance of the prolit and
which will be brought forward amounts to 13.505,522.23
Island & Pacific RR.—Bids Requested—
The trustees are Inviting bids to be opened Sept. 27 in Chicago for
$5 200 000 of equipment notes.
The notes are designed to finance 80 /<
of'the'cost of new equipment to be purchased under a conditional sale
agreement
The equipment will include eight Diesel passenger and
four Diesel freight locomotives
to be built by General Motors Corp^,
box cars by
''
v
share on
Chicago Rock
I
of
holders
with 19,100,929.25 gold pesetas
500,009
' ,
1C0,000
150,000
300,009
jVolume 162
THE COMMERCIAL & FINANCIAL
Number 4421
Name—'
/
Dallas Union -Trust Co..-,/';
100,000
Davis, bkaggs & Co—
150^000
B.
L.
Da;
Co.__i.___
<u
Name—
Dcmpsey & Co..—600,000
Dick
B.
&c
S.
Merle-Smith.."
Dickson
&
2,500,000
Co.i—
cz
&
Pacific
;■■.*,
ciuPont
Evans
.
&
Co.,
'.K ■•■.Inc;
-—..Y..—
Field, Richards & Co..
First
California
Inc.
co.
100,000
—
Foster
&
Marshall..,
Graham,
Co.
Parsons
& '
Granbery,
Marache
Lora
Gregory & Son, Inc
Grubbs, Scott & Co...
Hallgarten & Co
J.
B.
Hanauer &
P.
&
H.
Harrison
Ira Haupt & Co.——..
Robert Hawkins & Co.,
Y
Inc.
///£/.
&
Co...
H.
Hilsman
Inc.
/
F.
v •
&
>
Co
Robert
500,000
___
Co.
&
I.
500,000
Indianapolis Bond and
f
Share
Corp
Norfolk
Johnson,
;
and
,
Lane,
Co.,
Stix
Space
200,000
750,000
Kemp & Co.1.:.
'■■■■ 200,000
Thomas
Laird,
Carl
Bissell
M.
&
—
-
Meeds
750,000
&
Co.
and
100,000 '
400,000
—
and
Co.—
-■&
Loewi
L
Co;.
&
J/Iackaii
——
-
250,000
-
MacKinnon
Co.
—
T_„
Marx
&
&
_
•'
•
-
*
>
:
Co._
Co.
150,000
—
'.Coybett, Inc..
-
.
&
Mason-Hagan, Inc."
200,000
V/ertheim
Mason,
100,000
Westheimer
Co.„
Masten
&
Co
McMaster
Wm.
(
;
J.
W.
Mericka
;&
R.
&
C.
150,000
Co.—
and
;
150,odo
George
Harold
Co.
Mosle and Moreland—
Mullaney, Ross &
Murphey, Favre &
Co.
Co.
&
162,
occupancy
new
the
Dulles
250,000.
250,000
————
Yarnall
200,000
Co
&
150,000
;
*
159, p.
2307.
"
shares
preferred
Anv
of.
stock
a
not
share
issued
The
writers.
presently
of
•
-
'
outtsanding
proceeds
Crown Cork
stock
will
be
p.
Seal
&
a
used
to
redeem
Dec.
on
1
Y'YY -YY '•/. YY'yV
780.
the
unex¬
/..:
Co., Inc.—Stocks Offered
&
White,
and
Corp.,
in
Weld
not
(4)
be
and
&
shares
275,000
An
—
stock at $44 per share.
common
of
cumulative preferred stock
registered with the SEC.
•
and*
$2
was
•
•
•
have
common
Its subscription
expire at 3 p.
m„
share
to
stock (other than
rights;
shares
six
per
at the
of
EWT,
rate
common
presently
exchange
net
on
outstanding
or
$2.25
by redemption
$5,281,137 dr a
are
a
of
the
holders of
holder
thereof
share of
one
stock.
Such
its
in
from
the
several
-Net
remaining
out¬
which has waived
new
common
stock
subscription offer will
"
after
cumulative
the
dated
30.
the
ury
to
shares
Stein
purchase
for
of
by
the
,———
tax
182,371
reconversion
10,678
toCr40,000
—
Sheet
V/j'
•Assets-—
"*■ "
$1.21
,
of
as
July
81
J
•. -.V
,*'•
•
U.
I
and
Accounts
Material
Net
(less
$525,181
135,228
85,250
I——/—
;
receivable
notes
inventories
plant and
property,
Bros.
&
158,877
82,831
464,882
reserve)—.
(less
reserve)—.—
360,821
445,228
Jan.
a
of
8
Baker.
8
names.
amount
When
stock
to
a
payable—V-loan
Accounts
conditions
permit,
Edward
Kebbon,
Sun
Francisco,
Calif
(land
Watts
D.
&
3
•
Co.,
—.Y. T 3
■
Federal
Jones
&
Co.
surplus
—
141,199
141,199
Earned
surplus
—
1,201,474
960,995
$2,049,811
$1,534,717
.
Total
—V.
McCorm ick
Dome Mines,
—V.
162,
1%
and
<\
Co.—.
Lyons &
\\
Co
—
;
50-year gold
share
.rata
pro
required
tax
of
$50,925
for
to
:v:
amount
each
for
such
equipment,: etc.; (less reserves for depreciation), $310,263; unex¬
insurance and other prepaid expenses, $56,176; goodwill, $1;
be
made
1,
1933,
only
and
debentures
on
subsequent
which
no
have
Lombard
payable
holdings, in. whole
St.,
E.
C.
3, London,
if
they
Bank
of
in
if
part,
attached
has
his
17.
stock,
A
par
similar
with
declared
$1.50
a
was
July
on
of
75
prefer, pre¬
City of
the
per
of
the
Service
Technical
career
with
assumes
1936
in
16 years, having begun
a> Vice-President;of the>
for the past
He has been
1917.
.
of Director oft Sales,
position
the
Manager
Dow
since
and,
.
now
Sales
General
been
and Secretary since 1941.
He also holds several
in various Dow subsidiaries.—V. 162, p; 877.,•
Durham Manufacturing
Corp.—Earnings—
profit
Other
sales...
on
*
i
il'll/,.
1944 {
$1,470,191
—
income
.5
■
1945
6 Months Ended June 30—
Gross
$2,820,625
24,596
27,865
$1,494,787
$2,848,49ft
285,899
—
—
,324,395
,
90,000
1
>-+—
Total income
Expenses
of
administration
Provision for post-war contingencies
/
deductions
:Sundry
Provisions
Net
on
Total
—
30,000
——
2,812
____—.—...
June
1;3U,298
$2,679,956
-
——
surplus,
$1;368,659
539,485
$1,025,560
surplus—
to Assoc. Inv.
1,062,000
$486,076
taxes
3,436
G90,030
*
income
surplus
Earned
>
•••
Federal
earned
Divs. paid
12
for
income
Previous
share
Manager
been
i
160, p. 2409.
cents
Manager.
Assistant General Sales Manager since 1933,
been
has
•
Sept. 26 to holders of record
made on July 16,. last, which
and Oct. 16, 1944—V. 161,
payable
$10,
distribution
each
dividend
and Director of Sales, on Sept. 10
Donald Williams as General Sales
offices and directorships
*
have
has
who
Doan,
company
Cuban Atlantic Sugar Co.—75-Cent Dividend—
directors
of
,
Mich.—Appointments—"
Midland,
appointment
Ballman
Mr;
Mr,
England.
otherwise.—V.
or
,
Development Division since 1943.
required by. the laws of the United
States, regulations issued thereunder,
the
Williams
Mr
debentures will be subject to blocking or with¬
on
or
National
Chase
$282,630;
earned surplus,
and Donald K. Ballrnan as Assistant General Sales
Manager
coupons,
funds control may,
the
$308,424;
surplus,
Vice-President
Doan.
I.
Leland
The company has made arrangements whereby holders of deben*'
tures who are not blocked nationals under the United States laws and
to
paid-in
$87,788;
par),
announced
is
National Bank of the City of New York, 11 Broad St.,
15, N. .Y.^has been designated by the Cuba Co, to make
payment of interest to holders of said debentures.
*
•
foreign
payable, accrued payroll, etc., $375,894; accrued
expenses, etc. (net), $157,922; convertible
taxes,
Dow Chemical Co.,
.
after de¬
York
governing
'
other
and
total, $3,469,298.—V. 160, p. 1182.
debenture
debenture
-
•
prio^ preferred stock (108,582 shares no par), $2,171,640/ 7% cumu¬
lative preferred stock (par $100), $85,000; common stock (87,788 shares
said interest bv the deben¬
and paid to the Cuban Treas¬
withheld
net
1915
market, whichever lower), $1,606,797; land, buildings, machinery, fac¬
tory equipment, store improvements, store fittings, factory alterations,
Federal,
payable on
be
the
and
$257,050
Assets—Cash, $364,514; U. S. Government securities at cost, $560,000; v
receivable (less reserve), $471,547; merchandise (at cost or
Liabilities—Accounts
each
Sheet, June 30,
Balance
Condensed
$212,-351
$46,387
accounts
of the Cuba
debenture "bonds
1942
1943
1944
1945
$130,739
•
1V4
1
$400,746
after charges
taxes
1%
—
&
L.
W.
1944
1945—8 Mos
$3,573,215"
$3,221,464
1945—Month—1944
$401,214
(W. L.) Douglas Shoe Co.- -Earnings—
IV2
IV2
Co...
~
///..;/.
6 Mos. End. June 30—
1%
—
877.
p.
Net profit
Co.
Ltd.—Output in August Higher-
Bullion output (val'd at)
&
Whiting, Weeks & Stubbs
&
161, p. 2442.
Period End. Aug. 31—
1%
,
Putnam
Courts
will
capital
225,000
4
The Chase
Compared
7,014
42,550
225,000
—
49,441
198,853
>
Capital
,
Jan.
regulations
9,882
41,490
$1)_—
(par
97,445
$192,353
expenses
taxes..."....
income
Capital stock
2V2
Co.——
Havden, Miller & Co.—
Mitchum, Tally & Co.
Cuban
company,
the
$50,631
....
and other
wages
■
,
which have been
stamped bv the company's agents to show that such debentures are
bound by the plan of reorganization of the company, dated March 28,
1938, as changed and modified; and upon presentation of such de¬
bentures for stamping of appropriate notations thereon evidencing such
payment on account of interest.
>
-
*
30-———
300,000
210,000
$725,560
_
Co.__^_—
$2,469,956
2785:
Balance
Sheet, June 30,
1945
*
The
the
as
National
registrar
par
for
Citv
Bs^k
value.
100,000
of
York
New
See
shares
offering
of
in
V.
has
been
securities
aoDointec
as
co-
Bank of The City of New York
4'/2%
162,
cumulative
p.
877.
preferred
"
;
investments in United States Government
accounts receivable—trade, $1,430,559; reim¬
bursable 'expenditures for facilities—United States Government, $?44,903; claims against the United States Government
(for recent ter¬
mination), $11,799; inventories. $853,442; post-war refund of Federal
Assets
Cudahy Packing Co.—Co-transfer Agent—
of
for
1
General, excise and withholding taxes.
Stock
5
$100
of
35,405'
$1,534,717
/
v
payable—trade!
Accrued
,
of
minimum
—.
LiabilitiesNotes
•
5
the
The
5.80%
but
the
Payments
p.
value
1
$2,049,811
nominal
common
1,1905:
1945.
of
thereto
the
450,683
38,100
/
Total
and
Sept.
equipment.—'
Prepaid taxes, insurance and other items
the holders
Boyce
Inc.
original principal amount of $1,000 is $12.7312,
bv
The
>
1944
1945
$802,041
Government securities
S.
$56,017
$0.45
$273,557
-
—r._—
sl\are
'
the
from
new
respective
Stifel, Nicolaus &
8
Atlanta,
vicinity
$26,695
—
profit
Patents—at
Purchased
transfer agent and The Chase National
the
169,626
$445,928
Cash in banks and on hand
$11.9.928.
the
either
by
retirement
preferred
estimated to
maximum of $5,475,445.
in
238,389
——
tax
against
Balance
under¬
of
intends to applv such proceeds to the erection of plants for
the manufacture of bottle caps, closures, and
possibly other articles, in
and
income
reserve
Earn, per capital
office
holders
ture holder
presently
company
Ga.,
2,825
$196,321
;
Cuba Co.-—Payment to Bondholders—
the
Amounts
Sept. 26, 1945.
proceeds
3.881
peacetime production
"
/Purpose—The
625,318
$694,317
—
income
Federal
Provision for Federal
entered
162, p. 1167.
duction
463,710 shares of common stock are being offered by the company
$40
$193,496
...
—
before
Transfer
plain
and
r
f
■
There is now available for
payment as interest to holders of the
5.0-vear gold debentures, dated Jan. 1. 1905, the sum of $50,925, which
the debenture holders'
portion, of the net cash proceeds of sales of
capital assets made by the company during the fiscal year ended
.
at
income"————
manu¬
is
.
cumulative preferred
stock are being offered by
the company in exchange, on a sharc-for-share basis to holders of its
$2.25 cumulative preferred stock.
Such exchange offer will expire at
3 p. m., EWT, on Sept.. 24, 1945.
;t;
ibr subscription
Profit
Percentage
Co.—
6
225,000 shares of $2
$690,436
carbonated
below
subscribed
22,560
Co.ZZI
&
Mackubin. Legg
York,
86,270 shares of common stock
$818,815
Admin,,.selling, adv., service and gen. expense.
and
the
both
wliich
jointly,
not
—.Q._
Inc.
New
of
1944
1945
$2,483,279
1,792,843
—
profit
Total income
Co.;
5
debentures
each
named
company.under
shall
as
Co.^__.^
their
standing
beer
generally,
^
"
8
sent
share and the
per
.
——
Miscellaneous
compo¬
Can
Crown
Purchased
$47.50
for
the
stock, and
New
total
sealing
underwriters
18 Vi
Blodget.
shares of $5
share of first preferred and
preferred for each share now held.
the exchange nlan will be sold to under¬
under
;
i
;
sales
of
Gross
for
underwriting group headed by Paine, Webber, Jackson.
&,Curtis on Sept. 12 offered 50,000 shares of $2 cumu-:
lative preferred stock and 22,560 shares of common stock
of the company,
The preferred stock was priced at
A
caps,
529,055
second
changed preferred.—V, "162,
;
bottle
engaged
now
containers
several
Brothers
Estabrook
Co.,
;
1945—11 Mos.—1944
-
'
basis of two-thirds of
the
on
one-third
milk
in the percentages set forth
opposite their
(The)
Corp.—Proposed Stock Offering—
the
sales
Cost
such
common
.
of
of
Net
crown
pired
preferred
holders
780.
p.
the
common
Lehman
"—V.
■ ;
include those of the A. S. Beck
above sales
162,
July 31—
total, $3,469,298.
has tiled with the SEC notice of its proposal to offer
new
first preferred stock and 176,552 shares of
convertible into common.'
The new stock will be.
company
Sales Up 30.6%—
>1945—Month—1944
1945—8 Mos.
1944
$2,423,370
$1,854,884 $19,010,129 $19,268,698
■
that the
Is announced
9 Months Ended
related
Stone & Webster and
$877,050 $10,855,635 $10,172,410
'
'
Crown Zellerbach
to
are
for
caps
metal
Curtis
June
offered
and
Hallgarten & Co
Hornblower & Weeks...
.7,.
1945—Month—1944
$1,000,270
162, p. 669.
second
bottle
Hayden, Stone & Co
Hemphill. Noyes & Co..
W. C. Langley & Co
three-story building would be constructed and ready for
by next June and that the present 2,500 employees would
*.Period End. Aug. 31—
353,103
of
a
Sales—
The
Baltimore,
Paine. Webber, Jackson
Co.,
Crown Drug: Co.—August Sales Increased 14%—
—V.
metal
Percentage
To
Y
of
of
Underwriter—
150,000
Co.—
&
&
kits
(1)
old
stock,
&
100,000
Inc.
fee increased to 3,000.—V.
,
sale
subscribed
,
said
31-*—
Divco Corp.—Earnings—
:
and
the'com¬
manufacture
Stock
million-dollar
He
the
in
,
York,
Inc.,
.
severally
of
200,000
Peter J. Dennerlein, Vice-President, has announced plans for a*
expansion of the plant at. Springfield, Ohio, where the
"American", "Collier's" and "Women's Home Companion" magazines are
printeu.
■
^
Co.
'
780.
p.
New
discs
agreement with
have agreed,
writers
100,000,
—
Yantis
steel
.
&
Crowell-Collier Publishing: Co.—Plans Expansion—
;
.
Shoe Corp.—August
and
of
Wood
E.
—
S.
F.
Newbold's Son &
Uewburger & Hano_
in
of the 225.000 shares of new
preferred stock as are
by holders of the company's old preferred stock,
exchange offer; (2) 50.000 shares of new preferred
sfock not subject to the exchange offer; (3) such of the
63,710 shares
200,000'
°
Co.
100,000
250,000
—
Seal
and/or
an
not
150,000
Willis
H.
Wurts,
——
"Dacro"
caps,
and
Underwriters—-The
•
a- • Co.
bottle
sheets
pursuant to
.
__—
Woodard-Elwood
Securities
Co
$1,447,222
Sepcialty
company
100,000
&
——
Co.
200,000
500,000
.
...
Hashviile
W. H.
>250,000
White——
B.
White-Phillips
Inc...—
300,000
,
v
^
Co.,
——
Y.,
be
669..
p.
,
,
public offering of $3,500,000 of
a
used to retire $2,701,400 par value of
$328,500 of 5% first mortgage serial bonds
-with the balance also to be added to working
—_——
It
other
Into
100,000
Cummins,
&
Sanford
__
—V.
The
&
Co.——
incorporated
lithographed.
■
5,500,000
Co._
Hattier
White,
Miller
Moore, Leonard &
■::i Lynch
1
f
&
—
Herbert
100,000
„
Co., Inc.————
•
Inc.
150,000
Hutchinson
Co.—
H.
150,000
Arnold—
&
Wheelock
300,000
Morris Mather & Co
metal
Cork
cans,
'
E.
A.
Moran &
162,
:
,
.,
make
to
to
chain of shoe stores.—V,
machinery and equipment, and
replacement, parts therefor, for the packaging of beer,
carbonated. and other
beverages, milk, food and other products, in
glass and metal containers; and the manufacture and sa&
of packers'
sanitary cans, general line cans, fabricated beer cans, seamless beer
100,000
500,000
Inc
Co.,
Weil
,
$1,743,419
company and
its wholly-owned subsidiaries,
Crown Cork .& Seal Corp., Crown Cork
repair
300,000
—
Weeden
•
100,000
—
share.
proposed
5%
of a subsidiary company,
on
bonating, mixing, qlosing and
150,000
200,000
Watkins, Morrow & Co.
150,000
,
;
-
Wachob-Bender Corp."H. C. Wainwright & *•'
100,000
Martin, Burns &
Y
Townsend, Dabney
& TysonJ
—
150,000
& Coe
Donald
N.
Beckwith, Chand¬
and to provide additional working
.
Co.
300,000
...
$12.50 a
the proceeds
preferred stock and
Sales
beverages, screw and lug caps and various other kinds of
closures for bottles,. Jars; and (containers
generally and. milk,
bottle caps,
the majority of such caps and closures bearing litho¬
graphed decorations of stock character or as
specifically ordered by
purchasers;
the manufacture
and
sale
of
agglomerate
cork
discs,
rods, plugs >nd; sheets and rubber Jar rings, liners and mechanical
]
rubber
parts; the manufacture and sale of filling, crowning, car-
;
of
addition it is
In
Diamond
caps- and
-——
Thomas
W.
Brooklyn,
stock will be held
will reimburse the
and B
which
A
program
V.
capital.—V.
250,000
—
—
Western
facture
150,000
Thomas
E.
200,000
">.//
Loeb, Rhoades
200,000
was
class
financing
and Truscon Laboratories,
Period End, Aug.
$2,345,173
of
holders
a
caps,
cork
Crown
consider
952,991
.
300,000 T,
Co.—
in
of
meeting
to
.
•
982.
p.
Co., Inc.—Plans Refinancing—
Raynolds
debentures,
1,801,568
and
other related
products, and also
filling and crowning and related machinery and equipment and certain
production machinery.
•
150,000
&
Inc.—_
Co.,
1,143,098
,1,411,349
.
441,702
—
and will give
sched¬
box-cars are
The
for funds spent in the recent acquisition of
value
par
\
$1,190,534
162,
months
six
/It is: planned to: offer 40,437 shares of class A stock to the stock¬
holders, with any unsold balance to be offered publicly by an under¬
writing group headed by Shields & Co.
Thereafter a 2V2-for-l split-up
of the class A shares will become effective, the new shares to have a
other
crown
sition
'
?
and
ing
Co., Inc.—__
Yeatman &
Supiee,
1,332,273
2,276,460
.
Business—Company
engaged
bottle
The
&
Co.—
&
715,098
by the company as formed by such consolidation.
In December, 1927, company purchased all of the
business, property
and
assets
(subject to the liabilities) of Crown Cork & Seal Co. of
Baltimore City (Md.), established in
1892, and engaged in manufactur¬
100,000
100,000
u
Stokes
$4,451,781
)
used principally for the sealing of carbonated,
beverages, and composition cork discs, rods, blocks
and cork-coated fabric
materials, and of N. Y. Improved Patents Corp.,
its assets consisting
mainly of patents relating to the business pro¬
100,000
Stroud
been
cereal
200,000
Walter
644 700
.
and
n>etal
300,000
150,000
Kean,
Taylor
ioo.uoO
Co.—
&
250,000
Inc.—.
Johnston, Lemon & Co.
Howard D. Jones & Co.
.
,
tax
posed to be carried
Co.—
&
Co.I
&
$4,297,866
19,
had
100,000
200,000
•
Inc.——
Co.,
200,000
_
217,204
Y.
Stifel, Nicolaus &
<
-
...
92,108
„
Inc., which
2,750,000
Agee & Leach-
Sterne,
150,000
_
Investment Corp. of
tax
profits
.
capital.
1942
1927, by a consolidation of New Process Cork Co.,
Improved Patents Corp.
Through such consolidation
pany succeeded to all of the assets of New Process Cork
Co.,
&
Showers
Simon
M.
Dec.
N.
&
Starkweather
$6,153,906
adjustments
"
i
100,000
Hutton
*
&
Scott
100,000
<
Co.,
—v-—
Hirsch
32.
<■
&
$2,992,034
charges
conting.. &
History
#
.
3,000,000
Inc.——
Horner
281,619
4
ler <te Cq.
Years-
1943
;
&
special
Oct.
company
Calendar
1944
117,190
Net income,
i
5,500,000
Mason,
Inc.—
& Stringfellow—
SeasongOod & Mayer—
7 Sheridan, Bogan Co—
200,000
Hill Richards & Co
J.
Scott,
1,000,000
Bruce & Co
Sons
& Co.
Hutton
Pomeroy,
200,000
„—
Hayden, Stone
Heller,
income
excess
post-war
■
100,000
r : / :
*
——_—^ 5,500,000
Schoellkopf,
A
Operations
Federal
—_
"./.V.
Devoc
of
(net)—
new
the
uled for delivery in January,—V.
*
&
Bros.
Hutzler
750,000
from
Colo.," has
Denver,
three
from
J
:
,
amort.
R,eserve» for
Company
Salomon
100,000
Fed.
400,000
100,000.
—
&
Russ
&
—
1/
at
purchase
'Delivery of the diesels is expected within
the railroad a total of 15 such locomotives,
$34,185,645 $62,842,150 $53,506,813 $45,044,119
4,008,618
8.320,421
6,606,966
6,474 732 V
899,394
1,884,896
2,216,992
1.805,747
interest
&
:
taxes.
Federal
500,000
Rothschild
F.
June
Court
to
locomotives
$1,920,000.
:
1
Inc.
L.
all
before
"Special
Co;-—--Rogers'& Co.
Rollins
H.
**•:.-
Son
100,000
Carter
Co.
E.
100,000
Harper &
Co
sales——
assets
150,000/
Humphrey
Hartley
Co., Inc
"VVm.
I
500,000
>
fixed
,
and
Robinson-
The
200,000
f
Lee
Rice
F.
v?'
$24,848,802 $42,840,413 $39,067,722 $39,291,230
9,336,843 {20,001,737
14,439,091
5,752,889
disposition
on
4Qv>,000
Biter & Co.
2,500,000
Co.__
Hannahs, Ballin.&
Harley, Haydon &
net
after
Loss
200,000
Co.
125,000
Total
Depreciation
Profit
Gardner-
dc
the
'
sales.. 7
material
100,000
Daniel
1,250,000
War
,7
Reynolds & Co
authorized the trustees of
5,400-h.p.. diesel-electric four-unit
EleqtroLMotive division
of General
Motors Corp.
at an approximate cbst or $r,590,000 and 500 ligntweight box-cars from Pressed Steel Car Co. at approximate cost of
Federal
road
freight
machine
proceeds,
300,000
-
Reinnoidt
due
June 30,'45
Commercial sales
&
Co., Inc.-
100,000
of
The
;
.
Profit
Inc.———
500,000
Greenman & Cook, Inc.
additional
of
application
and
Effect to Present Financing '•
'
Authorized
Outstanding
'
debs.,
....
IcOjOoO
Pierce
Francisco,
working capital.
as
6 Mos. End.
Co.,
Co
San
Denver & Rio Grande Western RR.—New Equip.—
,
the
$16,000,000
$16,000,000
.
'
stock (no par)—_—^
275,000 shs.
275,000 shs.
(no par)—
650,000 shs.
603,895 shs.
pfd.
Net sales:
Ranson-Davidson
Co.,
J
'1
fund
stock
200,000
Rauscher,
of
procurement
on
150,000
—u-
of
procurement
After such
.
will be used
Results
'
.
&
the
to
«.——^
■
cumul.
$2
100,000:
&
Putnam
&
Tne
100,000
,'V'V"" ,if'
''
Inc
.
lu
Quail
1,000,000
—_
Pollock
and
vicinity
the
the
for
Baltimore.
;
200,000
3,250,u00
Inc.
100,000
sinking
Common
-
Co.,
F.
.
300,000
—
>
100,000
Co
&
-
E.
Wm.
in
in
Capitalization Giving
•.
,
1960
,
Schmertz &
Phillips,
100,000
750,000
The First Cleveland
Corp.
Fitzgerald & Co
Fenn
acquired),
plant
$1,250,000
lacilities
balance remaining
3 Vo %
Inc.-—
Cnristensen,
Phe.ps,
Co.
tne
Writer &
Peters,
-
of
•'Title of Class—
150,000,
&
been
'
200.000
100,000
Winslow, Inc.—
Cnapman &
Co.;—* 250,000
&
West
approximately
sncp
•
&
1—
Co.,. Inc.-——^
cz
Perrin,
construction
ft
1—a
Paul
■
A
250,000
•
■//>
\
&
Inc
having
purposes
the
150,000
Co._
Copeland
Kendall,
,
—1—,
Exnieios
Northwest
Co.
..
Farwch,
Ferris
\
5,500,000
Park-Sbaughnessy
.
125,000
A.
Co., inc
Co.,
&
CO..
Patterson,
&
Co.
Clement
Alden
200,000 *
-
100,000
lbo.OoO
2
uougias—___
1.
200,OuO
&
Otis
100,000
jvi.
Co.—
Inc.
Co
Francis.
&
O'Neal,
750,000
Dooliitle. Schoellkopf
John
D'Gara
Co.—L—
such
jsuop lacilities in Baltimore,
Md. • Company- pres.- ■?
ently "contemplates the expenditure of approximately $1,000,000 for the
construction
of
the
plant in Atlanta; approximately $1,750,000 for ;
500,000
Ohio
Tne
Co.,
Inc.—
Dittmar
Co.—
1279
A
100,000 t' additional machine,
&
Alfred
,
1
•
,
>■
Newton
M.
E.
.600,000
•
.,
New-burger,. Lqeb & Co.
^
.
CHRONICLE
.
stock.,
Cash,
$904,223;
$4,000,030;
tinnw
fivpri
oKsets
(after
reserve
for
afnortiKta-
THE COMMERCIAL & FINANCIAL CHRONICLE
1280
tories, $517,070;
$361,987; prepaid insurance, sundry
total, $7,851,50b.
Liabilities—Trade accounts and sundry accrued expenses,, $479,246;
accrued wattes
$169,108; payable to United States Government, $206,243; payable to Associates Investment Co., $2,911; Federal income tax
depreciation, $512,511),
and
tion
rental
etc., $34,602;
deposits,
952;
and deposits for war
for Federal income taxes and 1944 and
reserve
cost,
$131,722;
deferred charges,
Liabilities—Accounts
and
income
on
1945 renegotiation,
payable,
taxes,
Investments in
equipment
(after
assets, $85,342;
and
plant
$38,967;
Operating
$964,339;
surplus,
$385,173; earned
,
/*.
Other
Engineers Public Service Co. (Inc.)
(& Subs.)—Earns.
Co.—Earnings—
East Missouri Power
Net
taxes
70,458
283,496
Amort,
Fed,
160,
4,513
4,528
18,442
14,700
13,000
63,950
59,750
$6,609,231
of
495,877
$13,627
$56,663
;/ $55,869
186
•;W/ 517
\
;
73,915
73,915
886,978
$13,814
$56,386
$57,401
2,077
8,721
1,266,114
13,963,760
573,438
5,505,724
5.044,726
income,
Interest
Net
net
Z)r6,422
amortization
&
corporation's New Vork-Washington service-was stepped .up.on
with the inauguration of four new daily round-trip flights
announced by Capt. tudie Eickenbacker, President and General
Manager, who added that all four trips would be non-stop between
396,618
4.318,172
$672,527
$793,058
$9,222,720
254.387
573,249
583,363
27,799,361
26,891,932
1,971,141
3,442,094
8.607,434
13,028,065
3,779,836
3,444,114
19,191,927
13,863,867
Dr23,310
Dr22,624
Dr496,C00
Crl88,008
3,756,526
3,421,490
18,695,927s
14,051,875
public
to mi¬
505,216
1,436,079
3,808,347
nority interests:
Net
equity
of
corpo♦
ration in income of
173,218
53,866
670,721
3,078,092
1,931,545
14,216,859
7,867,703
3,078,092
1,931,545
14,216,859
7,867,703
4,020
%// 2,408
14,125
5,643
3,082,112
1,933,953
14.230.984
7,873,346
88,430
1,442,124
$881,488 $10,664,844
2,176,722
Balance
662,564
$8,412,607
$815,380
requirements
Balance/' ■:****.**--—-—-il**,.**.**,.**^..
Amount applicable to minority Interests]
Earnings from subs., incl.
substantial
$8,488,122
11,562
9,123
Revenue
above:
against
19,333
49.999
107,800
145,598
and
$6,485,550
558.865
473,672
"I_I*~—I
sources
Interest
taxes
pfd.
on
Balance
for
otuiiia
stock
ui
of
pa-rexit
parent
$8,093,268
Subsidiaries—
$890,919 $11,735,959 $11,382,886
$919,202
539,566
138,618
6,874,795
618,087
1,844,477
$160,002
$2,398,598
25,236
315,500
$2,377,629
303,371
61,800
$185,239
63,260
$2,714,098
731,390
$2,681,000
759,100
$128,560
$121,979
$1,982,708
$5,974,176
$3.13
37,002
440,887
485,731
deductions—
2,752
38,207
2,860
16,928
43,839
taxes)
Income
•
(net)
income
Non-oper.
V*/,',
$164,77-7
25,582
.
,
Balance
accruals—*
Retire. ;res.
1
..
12 Months
Total
Bal.
incmoe
Gross
&
Interest
Miscell.
—
1
....
income
Other
■
Balance
$1,524,892
$1,414,078
77,652
77,652
81,447,240
19,924
.
—
Balance
$1,425,764
Total
and
taxes
Balance available
—-V.' 162.
for dlvs.
*
670.
p.
232,368
$1,631,022
$1,548,870
156,693
-
interest
$1,316,502'
205,258
— _
Expenses,
$1,316,502
$1,425,764
Applicable to E. U. A...
:
Eastern Utility Associates—
of sub. applic. to E. U. A., as above
Non-subsidiary income.
Earns,
140,360
...
I
surplus......
-
.
.
,
$1,408,509
$1,474,328
'
Ebasco Services Inc.—Weekly Input—
For the week
ended Sept,
6,
1945, the system inputs of client
operating companies of Ebasco .Services,. Inc., which are subsidiaries of
American
Power
&
Light Co., Electric Power & Light Corp., and
National
&
Power
Light
the corresponding
week during 1944. were as follows, in thousands of kilowatt-hours;
Co.,
compared
as
with
—Decrease—
,
Operating Subs, of—
Power & Light
Electric
&
Power
National
1944
167,047
173,934
6,887
4.0
Corp.
Light
&
Power
88.497
93,844
5,347
5.7
13,710
13.9
Light
Co.
85,109
appearing in both periods.—V.
162,
Amount
98,819
The above figures do not include the system
not
Pet.
1945
Co.
American
inputs of
companies
any
,
Other
$5,728,792
........
Period End.
Stores, Inc.—August Sales—
Aug, 31-r,
1945—Month—1944
Sales
—V.
$4,269,912
162,
dividends
and
$3,460,710
of
for
stock
common
2,232,968
$3,050,835
$1,227,474
$1.60
Sell,, admin, and
all
to
be
1945
1944
and
surplus—
stockholders.
carried
until
out
the
Section
11
gen.
&
Total
Int.,
for
profit
Net
and
Paso
One
Electric
other
small
part
stockholders
of
cont,
at
June
Engineers
equitable
$100
but
rights
will
R.
as
a
El
Paso
common
dividend
requests
the
vertising
Since
50%
first
Day
$505,C38
18,335
24,376
262,325
Fart
$217,117
$218,337
907,043
850,059
,1 815,057
$1,067,176
$1,033,394
131,001
131,001
imating
annual
to
in
stock
partial
facilities
perm.t.
cap.
41*64,339
—
stock—
%
$936,175
$902,393
$0.83
months
sales,
and
of
has
time,
and
tube
was
derived
from
maintenance
of
of
war
the
the
five
each
liquidation.
Commission, to
the
stockholders
common
stock of
common
presently paying
80
cents
dividends
be
of
find
The
electrical
ad¬
curta'led
All
by
plants
than
more
are
-now
50%
and
reconverting
per
new
share
new
is
Engineers will
effective limitation
Consolidated
deposits
40%
Balance
and
of
Sheet,
cash
SmntT -receivable, trade at(after and
f
8lfnVeS7
cost
i
on
on
production
June
30,
$23,048),
United
States
$1,580,127;
$189,887;
ac¬
inven¬
.
.
/
.
of
$103,109;
preferred
stock
and
for
$1,479
shares
which
cash
of
•
is
162,
983.
p.
special
in
cash
de¬
,
Guaranty Trust Co. of New York has been appointed transfer
New York for the new common stock of this corporation,
in on the New York Curb and Chicago Stock Exchanges.
162,
670.
p.
Creamery
Co.
posed Acquisition—
-
(Del.),
Omaha,
Neb.—Pro¬
,v
"
See
162, p. 1168.
Imperial Ice Cream Co. below.—V.
Family Finance Corp. (& Subs.) ■
Earnings—
receive
the
on
Gross
common
bank
other
Vepco
operating income,
$1,041,549
El
Paso
at
annual
an
so
that, based on present
stocks of these two companies
loan
and
liabilities
common
to approximately $1.50
will
corporate
have
stock
been
remaining
stockholders
common
this
use
$992,489
$4,077,985
$3,973,338
663,159
648.087
2,455,057
2.400,533
$360,112
$344,402
$1,622,929
7,740
$1,572,805
$344,402
$1,630,668
$1,583,620
rate
Net income from oper.
which
Other
income
expense
paid
will
or
for
until
in 'full
then
be
or
retirement
the
bank
provided
distributed
7,740
—
Engineers
will
loan
Income
Life
Assurance
Net
Divs.
93.433
Thomas
I.
cn
Parkinson,
Sept.
8
that
Samuel
Agency
Boldt
President
announced
Vice-President
A.
in
10,816
that
of
Divs.
pfd.,
on
series
The
Equitable
R.
Boldt
Department
series
Divs.
on
common
named
Second
named
Policv
Claims,
Vice-President
438,262
$744,691
$675,802
130.553
Department
32.638
130,553
9,375
9,375
37,500
37,500
99,180
99,180
396,720
421,515
$42,859
$179,918
$86,234
'
■
$67,769
r
Balance
on
hand
and
in
Sheet,
bank,
June 30,
1945
$1,767,834;
notes
receivable
$12,915,105; United States Government securities,
(investment certificates), contra, $3,789,389;
other assets, $9,837; furniture and fixtures (depreciated value), $167,581; deferred charges, $96,211; total, $19,645,958.
(chattel
$900,000;
mortgage),
notes receivable
was
formerly Superintendent of the Group Insurance
Department.
Mr. Burgess was Manager of the Jacksonville offices of
The Equitable Society.—V.
162. p. 445,
";v
Edward
469.556
32,638
stock
surplus
Assets—Cash
Assurance
been
.
494,127
B
—
S.—Two
Life
had
of
:
$184,053
A
I———
Pfd.,
on
Consolidated
Joseph
v
$208,962
income
Balance
charge of the
Burgess has been
391,850
77,416
~ 82,934
65,456
taxes
stock
to
with
162, p. 983.
Society of the U.
$367,851
—
charges
Income
and
The
rata
merged
be
income
the
of
for.
pro
Gross
stock
Equitable
the
88,084
expenses
New Vice-Presidents Named—
Mr.
83,963
$1,023,270
—
Operating
rates,
share of Engineers
per
income
The plan is subject to SEC authorization.—V.
Second
$4,061,421
20,502
col¬
Net oper. income,
Virginia,
Society,
$4,161,948
Interest-instalment ctfs.
lected
and
$1,012,991
18,278
collected
direct
a
1945—12 Mos.—1944
1945—$ Mos.- -1944
Period End. June 30—
Co.—Obituary—
S.
Evans, President, died at his home in Grosse Pointe
Park. Mich., on Sept. 6, at the age of 66, after a brief illness.—V.
162,
p. 781.
•;
Liabilities—Dividends,
$3,600,000;
employee
1945, $141,193; notes payable,
$531,526; employee deposits for
payable July 2,
thrift
accounts,
savings bonds, $3,137; sinking fund payment, deben¬
ture bond due July 1, 1946, $100,000; accrued interest, debenture bond,
$42,625; accrued taxes, $510,632; accrued salaries, officers and others,
$13,443; miscellaneous accrued items, $743;
10-year 2%% debenture
due July 1,
1951, $3,000,000; investment certificates issued, contra,.
purchase of
,
debt, gold deben-payable, $15,193;
$155,044,139; long-term
2030,
$29,178,000;
accounts
(incl.
902
$212,458,729.
stock,
due
series
interest
$7
total,
distributed
Evans Products
1945
hand, $430,866;
of
thf
at
'
accrued interest,
reserve
which,
capacity.
/
in
to
Engineers
and
,
special, cash deposits,!
$610,280;
Fairmont
fair
annual rate approx¬
an
share,
equivalent
in
;
subsidiaries, etc., $161,-
is dealt
—V.
»
it
5%
which
shares
.
that
shares
(973
stock),
agent
Vepco.
common dividends at
per
$1
but
in¬
produc¬
1945
Eversharp, Inc.—Transfer Agent—
stockholders of Engineers to pay them
dividends in complete liquidation of their
the event the Commission finds that some addi- '
common,
lighting.
been
expected.
is approx.mately
Asset*—Demand
counts
Approximately 50%
1945
rentals,
custom
work
are
states:
30,
advances,
accrued
in
present stock
$0.83
$0.72
to extend company's normal
peace time business as conditions
Governmental
restrictions on
the
sign industry have been
but t.ie continuing scarcity of certain materials and skilled
n'nSi ftn
present
to
immediately under the plan, are, in total equiva¬
approximately $1 per share of Engineers common stock.
Vepco
is presently paying dividends at an annual rate of $1
per share on its
any
and
demand, $12,925,120:
on
cash investments, • U. S. Government obligations,
dividends receivable, associate companies, $2,205,603; other
458,729.—V.
to
as
Gulf is
lent
June
Sheet
securities
banks,
in
com¬
shall be payable, for the automatic amendment of this
provide for such additional payment, preserving to En*
gineers, however, the right to apply for a review of any order providing
for or requiring any additional payment.
ere
$668,818
amount
so
Engineers
...
President,
war
reduct.ons
removed,
the
66,737
131,001
six
from
displays
VE
further
to
$438,301
217,500
35,000
$5,694,703
36,683
accrued taxes, $300,989; Power Securities Corp. col¬
lateral trust gold bonds called for redemption, including premium (cash
in
special cash
deposits),
$3,030;
miscellaneous
current liabilities,
$34,553;
reserve,
$155,994; earned surplus, $27,116,550; total, $212,-
20,278
$452,952
299,000
M
——$1,923,627
cash
posits),
$432,674
24,588
I
105,000
temporary
tures,
time the
185,700
income
accrued
preferred
to
provides,
5,000
V
on
Liabilities—Capital
which
$1,095,341
on
Owen,
for the
and
issued
be
262,002 shares.
Harold
come
of
plan
share and
per
stock
.
tion
common
the
of
2
share
36,683
i
stock
of
one
—
; 9,171
$78,074
9,171
—
common
Engineers to purchase one share of the reclassi¬
fied Gulf common per share of Engineers common, at $11.50 per
share.
The proceeds of this sale, together with treasury cash and
bank
borrowings of approximately $3,000,000 at l'/2%
per
annum,
will be used to pay $100 per share to the
preferred stock (the amount
which Engineers' charter provides shall be paid to this class of stock
in involuntary liquidation).
After payment of the preferred, Engineers
distribute
1,458,900
25,697%
,
-
capital
provides that
proposed
30
taxes
723,216
of approximately- $40,000,000;
Gulf
having gross revs, of $18,000,000; and
having gross revenues of $4,000,000.
Power
189,242
surplus."11
for Fed,
,
1,458,900
364,725
„——
discount
16,813
37.871
J
$4,892;
investment in subsidiary
(not consolidated)
reorganized by order of SEC, $30,218,881; deferred
unamortized debt discount and expense. $3,102,806; reacquired
and
Electric
189,446
paid
share
per
plan
f
charge,
'
Virginia
3 provides for the final liquidation of Engineers or
merger with'
after its liabilities have been determined and provided for, at
(est.)
■■
dividends
♦On
the
553.092
deb.——
on
$2,977,301
assets,
required to be
reclassified its common sto'ck (all owned by Engineers)
Into 381,994
shares, one-fifth of the number of shares of Engineers common stock.
mon
194,159
199,328
364,725
'
debt
exp.
current
subsidiary
This
4.972
21,340
34,516
debentures.
on
of
$2,150,000;
(all owned by Engineers) into 1,909,968 shares, the same number
shares as Engineers
common
stock, and that El Paso will have
of
$8,123,931
3.407
19,897
interest
$4,811;
will
stock
1943
$188,298
tax
Total
♦Earns,
Paso)
plan
Vepco
$398,586
inc.
consolidated
Balance
(El
the
the plan
event, and also not
ruled on the company's
is expected to be sold before the end of
the year.
The plan is divided into three parts on which the Commis¬
sion will be asked to issue separate orders.
Part 1 provides that Gulf States will have' reclassified its common
approximating
profit
Cash
Co.
$659,503
10,942
—
Balance
any
•
subsidiaries:
(Vepco)
having gross revenues
States Utilities Co. (Gulf States)
2,408
(
than
other
Assets—Investment
217,123
*
4,020
Co.
Supreme
,V
.
of
copies
part of
any
1945 in
Court has
$657,100
$2,528,670
_
743,507;
$627,543
sundry deductions,.
Fed.
Previous
expected that
mailed
Dec., 31,
1945—12 Mos.—1944
$8,109,806 $2,971,658
14,125
5,643
1945—3 Mos.—1944
consol.
a
$622,119
expenses
income
disc,
*
three
has
not
is
and
1935
•
.
plan for divestment
Section 11 of the Public
to
of
after
States
case.
pursuant
Act
-
V %
$587,851
sales..
income
JProv.
It
until
United
Engineers
matters
Company
whether
;
income
$370,728
renta.s
5,564,863
$0.64
stock
common
related
Holding
interest in
Operating
Other
&
27,858
from
11,801,756
taxes
Amort,
$3,460,443
-2,119,092
and
subs.,
taxes,
Interest
267
.
—
share of
per
assets
Utility
tional
Electrical Products Corp. of Calif. (& Subs.)—Earns.—
profit
1,352,519
requirements applicable to respective periods
Expenses
$5,169,927
Company filed on Sept. 10, 1945 with the' SEC
and
1945—8 Mos.—1944
$3,187,851 $34,311,944 $28,607,343
6 Months Ended June 30—
2,473,049
con-
surplus
income
——"
surplus
to
$2,532,690
18,775
Fed.
Net
part
Gross
35,000
<y. Vv;
Total
239,463
215,166
$5,169,927
———
dividends
Earnings
Part
\
983.
p.
1,495,583
299,000
income
271,934
Prov.
of
Edison Bros.
1,521,280
5,000
$3,934,115
from
24,126
—i.
for
Preferred
will
1168.
p.
373,896
Period End. June 30—
Inc.
——
...
*_*_—_
Balance
El
and
'
373,896
on
unearned.
or
262,803
taxes
Interest'
•
minority interest...
to
723,216
Comparative Income Statement (Corporation Only)
*
Divestment Plan Filed With SEC—
Balance.
Applicable
553,092
:
$1,336,426
21,476
$80,911
$88,805
**
37,871
194,159
105,000
taxes
♦Full dividend
Other
deductions (B. V. G. & E. Co.)
Fed.
carried
earned
1944
taxes...——....
Balance
Pfd. div.
34,516
deduct—
etc.,
sol., earned
Other
•>
21.340
4,972
99,328
for
1945
Ending July 31—
revenues
Federal
16.813
3,407
—
$3,778,909
•
$190,360
*
—
y
1C.942
19,897
*
taxes
Prov,
taxes
Expenses ———
revenues..-
oper,
than
other
taxes,
Interest,
$1.63
Federal
in
22,090
inc.
(incl.
548,458
53,260
161,597
—
income
$1.98
$2,37
$1,921,900
amortization
and
Comparitive Income Statement (Parent Company Only)
6,647,453
510,939
1,846,864
•
—
Maintenance
Corp.—
income
Other
resulting from amortization of
emergency facilities under the Internal Revenue Code, which facilities
are expected to be
employed throughout their normal life and not to
replace facilities.
tBefore giving effect to reduction in Federal income
taxes resulting from amortization of emergency facilities.
(& Subs.)—Earnings—
1945—Month—1944
1945—12 Mos. —1944
revenues
stock
common
' 335,974
(as
Total
2,232,968
Earnings per share of common stock
tEarmngs per share of common stock—..—
Eastern Utilities Associates
Net
Other
$6,011,878
2,119,092
company
company
surplus—
♦Reduction
Operating
Operation
Light
corp.
Income
were
Period End. July 31—
&
Power
equity of
5,848,198
,
72,390
$8,652,133
other
—
Dividends
was up
an
1945,
consolidated
above t
declared.—
48.440
w
miles flown in August, 1945, were 43,067,000 as
increase of 83%.
Revenue plane miles flown
2,460,916 as against 1,576,612, an increase
passenger
August,
Taxes
deductions
as
Net
_
23,486,883,
against
for
—
Expenses
for the month.
62%
dividends
$6,217,064
to
applic.
subs,
..."
Revenue passengers carried in August, 1945, totaled 84,000 as
44,000 for August, 1944, a 93% increase.
Passenger revenue
from
reserve
dlvs.
Portion
$6,226,086
1
Expenses,
—
Total
Fed.
'
Total
announced
and General
Manager.
>
.
public,
and
to
franchise
2,185,980
$8,476,560
Preferred
to
—
Electric
Earnings from
Eddie Eickenbacker, President
Captain
by
264.290
-
deductions
♦Pfd.
84,000 Passengers in August—
12
interest
Net
$7,750,103
142,853
dividend
Interest
Sept.
228,750
26,308,569
Federal
in
Balance
corporation now has a total of 23 dally passenger flights between
New York, as well as lour cargo flights.
The new flights were made possible by the reconversion and placing
in service of Army planes recently acquired by Eastern Air Lines ana
reconverted into commercial DC-3s as part of its expansion program.-
-Operating figures for the month of August, 1945, show
over
the same figures for August, 1944, it was
345.000
27,226,112
6,886,208
4.057,318
taxes
Preferred
The
on
86,250
6,631.821
5,750,977
Washington and
increases
21.073,255
26,537,319
86,250
income 1
Gross
126,827
Dr81,097
18.218
296,069
income
income
15
Carried
20,064,771
27.571,112
$1,189,676 $13,540,892 $11,807,421
$968,595
—
♦Reduction
Inc.—Increases Service—
was
<
4,974,356
6,718,071
Other Income .(net)-**-.'
$1,171,458 $13,621,989 $11,680,794
$975,017
revenues*—
The
Sept.
it
4,728,242
5,486,687
Transfers
Eastern Air Lines,
3,036,322
&
approp.
Rent for lease of plants
etc.,
yli;
fv%>:,
1
Cr544,356
—
13,159,511
412,415
oper.
Other
$48,722
$47,665
$11,737
taxes
depreciation
8,678
$11,409
Fed.
deplet. res.
461,558
954,639
Balance
—;
4,740,193
5,344,683
7,392,619
20,923,728
11,689,136
years'
prior
for
•
(excl.
taxes
Net
$13,491
:
.
419,235
2,843,704
Property retirement and
24,569,102
4,281,990
5,200,784
26,978,648
4,545,981
737
2,082
;
—1—
Other
of
plant acquis.
Income taxes
reduction)
$13,404
2,609,194
6,041,842
135,335,017
47,718,960
8,759,500
21,981,735
12,057,715
2,061,734
5,572,937
....
adjustments
2785.
p.
Maintenance
18,305
87
income
....
.**
2.209.343
2,985,221
income
on
$71,041,974 $64,398,465
$5,275,632
2,097,111
373,143
389,192
revenues
Depreciation
_——
income
Net
—V,
$101,615
60,771
other deducts.-.
&
Operation
$413,913
279,194
income
Gross
Int.
Operating
$421,757
income-
oper.
Other
Mos.—1944
$103,388
Operating revenues—.
Operating expenses-.-*
Taxes, other than Fed.
inc. & exc. profits- V
Fed. income and excess
profits
1945—12
1945—3 Mos.—1944
Feriod End. June 30—
1945—12 Mos.—1944
1945—Month—1944
12.361,950
—
Charges in lieu of taxes
'
Period End. July 31—
32,657.144 141,994,607/
11,513,298
49,067,808
income
on
,
$
taxes
prov.
$
33,899.535
taxes
Adjust,
1945—12 Mos.—1944
$
$
1945—3 Mos.—1944
revenues
Maintenance
Federal
(& Subs.)—Earnings—
Light Corp.
&
Operation
taxes,
$185,700; reserves for losses on signs and general
$224,303; deferred Income, $20,792; capital stock (par
$4), $1,048,008; capital surplus,
total, $3,316,819.—V. 160, p. 983.
Power
Subsidiaries—
$3,316,819.
total,
payroll deductions for bond
$326,445; Federal taxes
$97,154;
adcrued
$64,904;
Electric
Period End. June 30—
patents, unamor¬
(est.),
contingencies,
$2,713,929; reserve for other taxes, $282,617; reserve ^ post-war con¬
version, contingencies, etc.. $675,000; common «toCk < $100 par
500,000;
capital surplus. $1,000,000; earned surplus, $725,560, total,
$7,851,566.—-V. 160, p. 1079.
■
other
property,
amortization and depreciation), $341,147;
$1,690;
purchases
employees
from
withheld
tized
investments and
equipment,
reserves lor
-
Monday, September 17, 1945
war
$3,789,389; reserve for contingencies, $46,728; preferred stock, series A,
Volume
•
Number 4421
162
THE COMMERCIAL' & FINANCIAL CHRONICLE
$1,740,710; preferred stock, series B, $500,000; common stock, $909,149;
capital
surplus;" $2,896,006; "earned- surplus, $l,820,675;y total, $19,645.958.—v.
161,
'7;
2332.
p.
•'
'7
Dairies, Inc.,
over
i
9,312
to
3%
of
4%
and
debentures
New England Mutual Life
Florida National Bank,
maturing
Insurance
the
and
'Franklin Stores
$1,215,706
741,795
while
—shares-.of
The
Co.,
$250,000
Sale
—162,
107,105
-
*
169,865
1945—Month—1944
:
stock
share of
,
•-held
-1_" $1,891,684 .-$1,783,629
671
p.
$3,617,222.
I':
■
Non-oper.
:
revenues
oper.
income
'
(net)
Balance-
$11,518 * f $199,752
$9,299
•
493
2,095
•;
7
$211,689
27.094.7 riv
.
:
Garlock Packing Co.
9,398
V6
$221,088
6,333
76,000
76,000
$5,061.
$5,678
$150,847
$145,088
69
2,319
2.491
$11,395
.
.
accruals
reserve
Gross
income
Interest
charges
66
—
Net
income
Dividends
—V.
declared
162.
670.
p.
$148,528 v
$5,608,
$4,095
—
—
-
a
Capt.
W.
G.
the
The
•
at
for
Prov.
105,889
Dividends
Finch
has
from
returned
the company.—V.
naval
158,
service
and
Shares
will
(Parent
Income
v
Interest
received
earned
and
other
1944
earnings
29,857
v
earnings
Operating
provision
—
for
$1,317,684
95,100
sales
Net
—V.
of
—
t
.
U.
14,974-
S.
Canada
$578,061
S.
and
U,
110,000
and
Canadian
refund
S.
Government
taxes,
etc.,
$39,082;
and
taxes,
$335,071;
bank
$1;
Florida PubHe Utilities Cp^-Earnings—
(at
12 Months Ended June 30—
Operating
revenues
Other
income
•
/
property
1945
'
1944
3
capital
31,
stock
accrued
shares
(209,250
surplus,
par),
no
for
reserve
$5,821,919;
(net).
will
solid block
a
be
used
for. drilling
covering
six
wells
on
acres
7,680
located
f 81,324
$176,313
$180,678
'. ■> 25,765 ?:-/
—...
income
Income
financing
in the
•
townships of Gait and Baio-de-Gaspe, Sud, Province of Quebec.
to the prospectus, the presence of petroleum springs or
According
.
Drilling will be done
Johnson, member? of
20,897
the
$202,078
53,028
55,147
—
deductions
$149,050
$146,427
....
other
and
$201,575
—
—
the
on
the
the basis of a report prepared by Russell V.
American Association of Petroleum Geolo¬
Institute
American
oil
possibility reaching
claims.
Mining
of
Canadian
and.
American
in
Metallurgical
and
profitable
quantity
Engineers
which
organizations,
more
income'.
—V. 161, p.
—
2659,,..".
The
at
points
the
on
for
claims
r
See
Fohs Oil Co.- -Earnings—. :;
The
6 Months Ended June 30—
Total
1545
operating income—i
operating charges
Total
'/T944
n-
-
l
$393,162
financed
45,933
$364,694
25,588
$439,095
$390,282
is
333,680
199,930
—..
$105,415
$190,352
______
76,861
76,861
$0.14
$0.25
The .plants
,.
Total
from
other
operations
and
Lancaster,
income
——_—*.
the
Total
income
...—
deductions———^
income
Profit
....
for
period...
.....
Dividends
—:
Earnings
Share.—.—
per
■:c*"y:' K
Assets—
Cash
in
banks,
Working
demand
on
June
enough
trade—,..
Government
Inventories
^
Total
investments
Total
fixed
Total
other
268~262
(net.)—,
191,011
652,442
;
Total
677,108
1,687,411
1,649,934
assets—————.
22,932
28,149
$3,378,935
:
$3,310,643
—
....
....
Liabilities—
Note
payable
bank
to
Accounts
(due
within
Payroll
$114,000
$75,000
76,185
accrued
yeari..
:... 135,709
——
payable,
22,070
19,899
trade
accrued
Production
Other
4,998
accrued
Note
payable to bank.,
Capital stock
($1
par)....
Earned
surplus
■■Total
-V.
18,401
131,250
194,500
....
-768.607
■—
—
768,607
2,122,279
—
-
,2,120,763
$3,378,935
._i—v-
160, p.
35,558
14,771
\
5,456
61,526
accrued
taxes
taxes
$3,310,643
1079.
Machinery Corp. (& Subs.)—Earnings-
period End. June 30—
;■ ■
i
'■■
:*
■-.■■■■.
,■
Volume
after
of
$
.
contingencies
per
426,676
—V.
share
1
v
■.
$
'•,.,.r-$
161,
p.
lr<"' "■
'
1
:'":v '
r
.
'/X/
••
1
has
Treasurer,
"
■*
?
:
■
56,753,616
179,454,000
124,899,543
1,122,282
3*303,515
2,704,722
$1,31
$2.86
$4.94
$6.34
on
•
!r>
operating
Operating
Electricity
Financing
Announced
in Connection With Acquisition of Control of Texas Co.
"Paul E. Reinhold, President, on 8ept. io announced the acquisition by
this
corporation of a
substantial controlling
interest in
Southwest
Dairy Products Co.,
which owns 100%
of Dairyland,
Inc., dairy
products companies operating in Texas and Louisiana.
Consolidated sales giving effect to this acquisition will be between
$20,000,000 and $25,000,000 in 1945, according to Mr. Reinhold.
The
combined companies will have plants in 30 communities in 10 States.
The Foremost company is acquiring the common stock of Southwest
from
certain large holders at $17.50 per share.
The purchase has
been
1945
purchased
Provision
resale
for
♦Federal
Other
behalf
of
Mr. Reinhold explained, with the view of consolidating
Dairy Products Co. with Foremost.
It is expected that, on
Southwest may give other stockholders an oppor¬
tunity to tender their shares at the same price of $17.50 per share. '
In
line
sections
Foremost,
with
Foremost's
will
executive
policy of having directors who represent
Robert B. Holland, Chairman of the board of
it serves,
which
Southwest,
the
become
member
a
"committee
Of
the
of
Foremost
board
Dairies,
of
Inc.
directors
E.
A.
and
125,165
of the Southwest, will be made Chairman of its board of
directors, while. Mr. Reinhold will become its President.
No
other
changes are contemplated in the management or personnel of South¬
west Dairy Products Co. or
Dairyland, Inc., Mr. Reinhold said.
connection
negotiated
by
with
Allen &
the
Co.,
New
Financing
above-mentioned
New
York
993,842
635,159
taxes^-i,.—
14,930
—
—
income
$3,965,323
155,726
$3,375,458
from
Balance
sub.
income,
2,113,322
dollar
tp
the
General Gas &
$1,990,296
112,318
income
$1,399,379
$1,876,912
272,700
506.555
$1,672,079
Fed.
Government
'
V*
I
limit
*"•
war-time
our
proiits in excess of this
any
:
was
fair
that the amount of'profit
change for three suewe^slve
concluding General Motors' profit renegotiation.
accepted
for
sales
would
be
so
without
fair
a
manufacturers
of every
any
were
profit.
But
actually
the majority
retaining
as
believed
much
30
as
That's why I say I believe
many persons will be surprised
General Motors low profit figure of
only 4.7 cents—V.
162,
—V.
revenues
162.
$46,250
—
Gross
expenses
1,875,311
483 500
468,167
5,835,333
5,793,522
972,676
919,471
10,424,917
12,666,240
$694,492
$681,805
$8,398,224
$8,980,407
282,840
300,634
3,527,472
3,714,971
$381,170
$4,870,752
$5,265,436
taxes
pfd. stocks__.
223,005
162,
223,0C5
2,676,064
2,676,064
$188,646
Balance
—V.
$49,381,640 $48,827,128
24,723,164
21,386,958
$411,651
for
income
on
1945—12 Mos.—1944
1,980,687
___
amortization
-'r
J,y-
$3,944,755
Income
Divs.
-
$4,131,355
Interest & deductions.
Net
1944
$1,638,580
1945—Month—1944
revenue
Provision
1945
1169.
p.
Operating
Deprec. &
Jan. 1 to Aug. 31
$1,461,921
$95,617
,
Georgia Power Co.—Earnings—
Gross
<at "the
1169.
p.
Operating Revenues—
10 Days End. Aug. 31
1945
1944
Operating
war
cents
dollar as profit,
$158,165
$2,194,688
$2,589,372
569.
p.
Brewing Co.—Earnings—
3 Mos. End. June 30-^Fed;
before
inc.
7 1945
taxes
■
"1942
1943
1944
»
$289,974
$345,194
$224,351
116,500
98,250
90,850
75,575
$173,474
$146,944
$133,501
$112,081
etc
taxes,
Net
4--
in
7"
$187,656
113,383
Electric Corp
income
Tthe
'
definitely
public opinion surveys indicated considerable confusion in
regarding war-time profits. ■ : These surveys i"Seated
majority of persons questioned felt that 10 cents from each
of
material
♦Profit
$1,511,697
—
*
thinking
the
$4,103,618
1,863,760
cost-
operating
progress
*
<
,
138.295
(net)
income
..
make
Motors
,V-
to
was
the Government to be
the" basis
as
Goebel
Gross
Deductions
during 'the
than
.
General
,
Recent
that
1,644,651
$3,219,732
income
Operating
7,670
1,641,902
profits
excess
taxes
Other
profit
Earnings per
$2,383,468
taxes
"Excluding reductions shown separately and further reductions re¬
to, and applied against, items not reflected in income,
tResulting from deductions, in consolidated returns for interest and amortiza¬
tion charges on securities of direct and indirect
parents (in process
of
reorganization under Chapter X of the Bankruptcy Act),
which
deductions will not be available after consummation of a plan of
lated
such
of
parents.
♦After
share——
depreciation,
$0.12
$0.11
;
but before Federal
$0.10
Income
taxes,
'
etc.
New Official Named—"
from
Total
$0.08
7f,
"
164,066
38,625
29,855
$707,884
112,318
113,383
$594,501
20,400
$743,434
from
$613,217
income
income
Net
Reduction
in
Balance,
—V.
Federal
taxes___
income
sprplus
162, p. 984.
acquisition,
which was
investment bankers, Foremost
W.
Pritchard,
America
161, p.
of
The
being
terms
under
offered to
the
SEC
statement.
The
new
postwar
of
the
the
'7.;,'
issue,
program
a
public
final
■■
.
.
•
new
were
series
3%%
preferred
made known Sept. 6
amendment
•
of
to
the
stock
is
with the filing
registration
company's
\
was
first
months,
$297,608,
six months
,
after
as
of
depreciation, were
compared to $412,937
1944.—V.161, p, '2660,
formerly
York,
has
President
been
the
of
elected
Trust
Co.
Vice-Presidant
Of
and
Co., to succeed Frank C, Bishop, Designed.
{
.
(W. T.) Grant Co.—August Sales Off 6.2%—
1945—Month—1944
Transfer
The
Gray
The
:V ; 1
■•'.
par
value
3%%
/v;.-;
New Financing.—See
.
$
appointed transfer
cumulative preferred stock.—
Stores, Inc.—New Name—Expansion—To
Drug
on
;
99,382,011
of New York has been
Guaranty Trust Co.
agent for $15,000,000
V. 162, p. 1170.
$
13,809,313 106,193,667
12,942,482
Agent—'
1945—8 Mos."—1944
$
$
Sales————
Weinberger Drug Stores,
•.
has registered with the SEC 20,000
preferred stock, which will be sold to
company
convertible
price to be filed by
amendment,
shares ($50 par)
the public at a
Merrill, Turben & Co. is the principal
underwriter.
The
its
will
plans to use $570,000 of the net proceeds tb rbtire
note in that amount to the Cleveland Trust Co.. and
company
promissory
t
of which is to help finance the company's
improvement and expansion, consists of 100,000
purpose
of
—
which
six
2660.
Inc., below.
Mills, Inc.
New
Goebel Brewing
Period End. Aug. 31—
Vote
.
New 3%% Preferred Offer to
Common Stockholders at $100 per Share—
General
the
18,717
1
deductions
taxes,
$247,187 for
33,551
belowi
shown
net.
first
Goebel Brewing Co., Detroit.—New Official-
$935,356
140,938
$723,034
reduction
after
of
—V.
$1,034,621
:
—
income
other
1944
$835,352
/
(exel,
and
and
$926,639
19,705
taxes
$497,608
net
the
8,717
taxes
Gross
Total
$998,617 •,!
companies-
36,004
income
for
Treasurer of
1945
oper.
expenses
inc.
Other
sub.
in
earnings
North
(Parent Company)
income
General
Fed.
Invest,
Gross
Frederick
Income
of
12 Months Ended June 30—
Income
Other
with
Proposed
return
determined
public
37,500
1,151.649
less
,
profit limitation policy was established before Congress passed
Renegotiation Act and became effective as of Jan. 1, 1942.
It was
the
501,324
1,860,698
of
Henry,
President
In
373,495
.
depreciation———
utility plant acquisition adjustments
income
Federal
7,247,847"
1,330,370
1,913,843
——,
for
of
1944
8,681,354
8%
•
GM's
.•
$17,935,950 $17,410,505
—
——
made,
Southwest
to
and
objective
our
Georgia & Florida RR.
v.*
:■
period when
payrolls were
averaged 4.7 cents from each dollar of
paid .to stockholders whose investments
competitive market.
a
words;
Period—
<& Subs.)—Earnings—
revenues——:
expenses
reorganization
„
Inc.—New
''•••'
12 Months Ended June 30—
Total
Statement
Dairies,
of
other
profits
■-
873,071
162, p. 781.
Foremost
In
2659.
•
averaged
'
a
were employed, and
General Motors'
annual
business.
war profits
3.2 cents were
this
conditions
elected a director to succeed
p, 2218.
been
Balance
$
58,442,000
__
shares..
com.
/:,■,:
be
the
years
war
in
average
people
many
management of GM in 1942; made a ruling to limit the over-all rate
of profits from its
manufacturing operations in war-time to approxi¬
mately one-half the profit" margin, expressed as a percentage of sales,
realized in the year of 1941:
This applied to profits before provision
for income, and excess profits
taxes, but after all other charges, includ¬
ing reserve provisions.
Profits in 1941 were realized largely under
who also resigned from the board.—V. 161,
tReduction
net
Net, profitaf ter Federal
inc. & exc. prof, taxes
Earnings
1
will
in
done,
was
as
1945—9 Mos:—1944
1944—3 Mos.—1944
■
business
expansion
units
rapidly shifted back to normal peacetime, prod¬
the company's products—the bag division
and container output is nowhere near large
requirements.—V.
Freeman,
three
by
the: corporation
to
1941, a year in which com¬
. ,
. v
maintained
was
business
peace-time years.
Period End, July 31—
Net
Food
new
heavy for
General Gas & Electric Corp.
Amort,
Royalties
a
.
•
•
only in this way can
provide more' and better Jobs.
out
.Maintenance'
%
broader
three
Averaged 4.7 Cents
We feel that war;is,not prosperity, but a national calamity requiring
sacrifices by. all in the common interest.
With
this in
mind, the
1,131
25,091
..... ....
J.
Mr. Jacob,
178,372
securities
——.
assets
in
The
months
satisfy
to
is the first
undertaking.
capital.
«
post-war,, since
and
and
S. Saphier has been elected President to succeed W. P. Jacob/
recently resigned.
The position of Chairman of the board has
A.
W.
243,560
——
is
six
per
provided the facilities to make our jobs possible and 1.5 cents Were
retained in the business for modernization and expansion of our
plants
General Bronze Corp.—New President, Etc.—
1944
$522,370
1,206
receivable,
States
:
$540,599
—
corrugated
three
step
Is being
for
t)0©IV dlmill&tiCCl
■*-1'•,f 1945
"
—
30
funds
Accounts
United
Sheet,
Balance
of
is
working
Demand
•
booked
who
Comparative
trom
Of
years
to 90 days, to cost about $4,000,000.
Milwaukee, Wis., Greensboro; N." C.,
This
Pa.-
company
Production
ucts.
Gross
construction
begin
located ,in
will.be
$103
sales
in
was
limitation
invested
for
considered by
will
corporation
$841,112
• 476,418
program
Profit
984.
p.
fibre box plants within the next 60
$963,933
570,771
gross
162,
what it
much
<as
was
profits
preceding
sales.
was
Gaylord Container Corp.—Plans Expansion-r
Loss Account
Profit and
gas
V.
war-time
of
of
General Motors'
so
i
f
also
at
•
large, almost twice
amount.
incorporated Nov. 23, 1944, in Quebec.
Its six
and oil are owned free and clear of all encumbrances.
company
-
predominated;
profit
twice
as
money
dollar
five
indicates
company's
Net
and
company
war-time profits limitation policy,, made
resulted in holding the amount of profit
1942,
one-half
war-time
than
times
1,
dollar
every
conditions
This
more
2Va
voluntary
Jan.
of
for
petitive
Offered—Public of¬
Seepages in the locality have been known for over a 100 years, although
to date oil in commercial quantity has not been produced in the area.
—
any
at
the
v
Motors"
as
earned
$209,total,
81,937
income
Inc.
by
,
miscellaneous
$1,500,000;
"631,761
ii? 90,465
98,339
>
and Co.,
stock
common
redemption
Dec. 1,1950,
.
in¬
705,715
--
„
Dillon,-Read
into
to
including
-
General
1945), $1,899,602; accrued
1948,
earned
forming
continguous claims
subject
and
thereafter.
effective
$11,635,380.
$984,227
gists,
Gross
the
convertible
is
President,
(net),
$1,062,305
accruals—
reserve
operating
;
' '':
-
deductions..:
excess profits taxes
revenue
income and
Utility
-
—
-
Operating
Federal
Retirement
-
of
to
up
by
is
It
In
his current
report
to the company's employees, C. E. Wilson,
in answering the question "How much profit has GM been
making during the War?", said, in substance:
7 •
cost),
•
"'Proceeds
share
per
stock
share.
per
General Motors Corp.- -War Profits
fering of 1,500,000 shares of common stock (par $1) was
made Sept. 13 by Tellier & Co.* at 60 cents a share. The
stock is offered as a speculation.
1 ' - :
;
>
.
v
From Each Dollar—
charges—taxes;
total,
Gaspe Oil Ventures, Ltd.—Stock
$3,826,908
Mt-'.
one
stock
common
common)..
common stock expires September
19th.
not .subscribed for by common stockholders will be
1169.
V
'
par).
of
The
profits
excess
securities
plant,
$372,635;
Dec.
250;
capital
surplus,
$1,066,238;
$11,635,380:—V.; 160, p. 1079.
$4,157,707
$104
p.
1945
deferred
$196,604;
etc.,
due
loans,
$165,000;
3-for-i splitrUp of the
basis
neapoiis; L. F. Rothschild & Co., New York City; Smith; Barney & Co.,
York
City;
Union
Securities
Corp., New York City; Watling,
Lerchen & Co., Detroit; Dean Witter & Co., San Francisco; Harold E.
Wood & Co., St. Paul; Woodard-Elwood &
Co., Minneapolis.—V. 162,
$265,664; U. S. and Canada income
renegotiation refunds (after deducting
commissions,
wages,
($100
the
preferred stock for each 20 shares of
preferred
approximately
payable,
profits tax credits for 1944 and
and
stock
on
New
.
credit).
Sheet, June 30,
trade-marks,
supplies,
profits
excess
contingencies,
1945—3 Mos.—1944
$545,076
States
post-war
profits
excess
share
per
$2.39
$1,665,060;
patents
excess
taxes,
$1,058,499
$1,238,490
671.:>:-7
p.
209,250
$2.15
United
for
and
advertising
salaries
■
1945—Month—1944
Sales
162,
and
Fishman Co., Inc.—August Sales-
Period End. Aug. 31—
y
U.
Canada
surance,
-
,
—
V
456.
p.
(M. H.)
V,
of
$3,624,951;
.
$1,043,525
profit on,,
————31,686
net
securities;—<
income
162.
$1,206,804'
—"
209,250
$1.90
par)
Liabilities—Accounts
operating, earnings,,—
Recoveries less charge-offs, and
209,250
$2.21
C
accounts receivable, $1,186,887; expense advances, $2,385;
Inventories, $3,011,118; investments, $197,826; estimated post-war re¬
$1,138,625
110,880
Net
-
209,250
$100
Kuhn, Loeb & Co., New York City; W. C.
Langley & Co., New York City; Lee Higginson Corporation, New York
City; Merrill Lynch, Pierce, Penner & Beane, New York City; ParkShaughnessy <te Company, St. Paul; Piper, Jaffray & Hopwood, Min-
3,400
1,299,364
$1,711,468;
35,100
taxes—
——
and
expenses
313,875
" Consolidated Balance
Assets—Cash,
■
$1,287,827 " $1,103,525
fund
Gross
209,250
at
t & Company, Inc., St/ Paul;
$500,384
209,250
1,175,961
stock
(no
provision
(after
i
1945
affiliates.—
from
taxes
Company Only)
6 Months Ended June 30—
Dividends
$450,368
.
common
tlncludes
of
Statement
$399,584
To\
3,000
125,000
'
Earnings per share
First Bank Stock Corp.—Earnings—
■■
$463,423
tax
...
outstanding
1347.
p.
16,300
786,129
209,250
inc.
paid
$1,819,448
17,879
18,750
1,208,175
contingencies., .::
income
V 26,591
,,i
7
group of underwriters, in addition to. Dillon, Read & Co., Inc.,
consists
of:. Allison-Williams
Co.,
Minneapol.s;
C.
S.
Ashmun
Co.,
Minneapolis; Caldwell1 Phillips Co., St. Paul;. J. M. Dain & Company,
Minneapolis; Frank & Belden, Inc., Minneapolis; Goldman, Sachs &
Co., New York City; Hempnill, Noyes & Co., New York city; Kalman
•'
$1,757,208
12,312.,.
...
"'1
1942
$1,792,857
23,693
25,739
Fed.
$1,733,515
$1,763,821
$1,294,041
"
5
26,468
.
18,750
for
Net
H.
——_r."
V
'
Sept;
of underwriters headed
group
new
share
—
1943
$1,737,353
20,936
charges
tProv.
;
Presidency of
income
Gross
Finch Telecommunications, Inc.—Presidency Assumed
assume
$1,273,105
oper.—
'
1944
to
,!■ time at $50
Subs.)—Earnings
1
1945
Interest
$142,597
119,125
"
from
(&
income credits— "
Income
"
v
profit
Other
'
Retire,
Mos. End. June 30—
Net
$226,847
6,333
w
u-*
$12,011
~
preferred
being first offered for subscription to the Common
recent
ar?
that
sold
•
Net
the new
(after .the
Shares
:
$3,319,324
„
cumulative, convertible
are
The offering to holders Of
„
if
1945—2 Mos.—1944 1
'
3%%
shares
new
stockholders of. record
Corp.—August Sales Up 6.i%—
Period End. Aug. 31—
727.285
106,864
210,115
•
10,716
12,594
;
13.762
—
$2,000,000
>
•
Maintenance
sell
Georgia,
.
$1,258,769
52,702-
56,494
Taxes
1945—12 Mos, —1944
j, $87,531
$88,869
revenues
of
will
1945—Month—1944
Period End. July 31—
Operating
Operation
Co.
Foremost-preferred, stock and- 50.000 shares of its common
be placed privately by Allen & Co.—V. 162, p. 1169,
of
Fall River Gas Works Co.—Earningsv
will
period of .15 year?
a
Trust
'
1281
use
the
additional
balance
retail
drug
for
expansion
stores
or
of
chains,
present
stores
and
to
acquire
/
1282
J
Greyhound Corp. (& Subs.)—Earnings—
End. June 30—
- 1945
income
Other
income——.
Gross
deductions
Income
—
for post-war extraordinary expense—
.y
Frov.
taxes
2,411,928
15,154,177
353,102
State income
—1
$5,963,835
$6,614,718
income
subs,
of
1.520.287
;
public
by
'NsLL"oI ?orPp.C-'--°
Standing
1,629,822
1J
-
00,,Q(1
1,681,124
,
♦
.
Feb.
♦
»
Hearst Consolidated
Total,
2,784 395
2,849,802
For Third
"yS?.
Agricultural
Automobile
-15
—.05
Building
Chemical
——
—
Electrical equipment
—
♦
——-
Fully Administered
General Bond
.04
.10
.04
.05
—
.10
Industrial Machinery
.07
Institutional Bond—.10
Investing
v———:
company
—^1————
—_„———
.03
—-—-
Merchandising
Mining
--
.03
.05
Priced
Low
—«*-
——_—
,
—
—
___
—
.04
.05
-04* .03
.04
.04
- .04
Operating
Liabilities^-Notes pavable to
.32
.42
.30
.22
.43
.29
.42
.55
.37
Int.
&
,J'
Net
'
Balance
■
■!■'
—V.
Six Months Ended May
goods
121,117
19,145
36.859
Other income
Total
profit
66,156
$1,681,293
.y 24,325
$1,705,617
"
*
-
'
plant
was
Dividends
—
$8,205,165
$2.02
$7,508,857
♦$2.38
earned
Earnings
per
•Based
present
on
capitalization.—V.
».
i*.
Operating
$57,279
revenues
V
142,313
3,191
Maintenance
33,535
3.169
10,112
Taxes
Ended June 30—
Net
Net
29,472
116,413
Earnings
,1
$114,760
666
9,677
5,854
$9,797
$124,437
$114,1^3
2,916
2,916
•35,000
45
46
565
$6,834
U
Balance
'
.
Retire,
accruals
Interest charges
Net
declared
$38,872
,
At
behalf
of
Notes
1* 1970 and 150,000 shares of series C cumulative preferred stock
(rar $20)
the^ latter °f which will be offered .to common stockholders
r?J£e
of «ne/ J?ri of Preferred for each 2V3 shares of common
stock.
^Dillon. Read & Co., Inc., and Dean Witter & will willfiled by
Co. be under¬
write the securities
The coupon and dividend rates
7
amendment
Part
at
a later date.
proceeds will
-
the
1945,
be applied
.
/
to the redemption on Dec 1
of all but $200,000 of the $2,000,000 first mortgage 4% bonds'
of
»
-
Lighting & Power
■
able
31—
(electric)^
revs,
Earned
y
81,936
;jJ4,922
19,950
>
78,369
62,562
501,448
5,222
10.985,000
y
$11,464,656 $12,895,404
•
- "
J
&
131,756
7,068,428
1,601,817
7,033,391
1,691,189
103,333
108,333
1,300,000
1,300,000
548.924
424,117
3,842,136
4.021,8L
134,063
109,747
1,396,961
1.252,63
revenue
$389,608
4,612
$381,457
1,784
$5,515,880
income, (net)
$383,241
99,222
$5,558,280
-2,346.470
$4,112,73
1.194,33
$3,211,910
$2,918,39
replace,
ap¬
res.
1
re-
deferred as a
of
accelerated
result
&
taxes—
profits
excess
other
taxes
250,00
250,000
properties
of
pse
&
maint.
for
Prov. for Fed. income
All
$19,649,51
" 607,696
pairs
h.
1945—12 Mos—1944
$1,763,106 $20,975,222
renew.
propriation
Prov.
]
Co.—Earnings—
118,294
deprec,,
Amort.,
Net
.
oper.
Other
^
•
income
income
Net
r 470,400
■
$2,080,357
$2.22
Dividends
1943
J 210,000
$2,004,179
$2.14
petroleum products,
$3,107,281
13.378
95,488
-J" * 311
deferred
-—_—
.
$1.54
$2,998,999
;
375,411
336,904
21,477,470
112,891
-
$25,246,135 $24,926,264
"y
accounts
and
^
payable,
•-
accrued property,
stock
surplus
Surplus:
■ -
$1,156,352
$1,515,051
1,500,000
^
1'— ? 9,285,945
paid in—
' ... 47,500
V. ^
■
for self-carried insurance—,—"
363,668
for contingencies
—
'• 98,180
1,500.000
9,285,945
47,500
other .taxes,—-
obligations—^,,—,
161, p. 2447.
1,_—i.
—
——
I
-■
12,794,489
Vv.-;-
$284,019
.
applicable to pfd. stocks..
■
389,588
$2,822,322
.'.1.
Balance
•
356,10
$2,562,29
—V. 162. p. 673.
Corp.—40-Cent Dividend— of 40 cents per share 0
the common stock, no
usual quarterly dividend 0
62V2 cents per 6hare on the 57c
cumulative preferred stock, par $5
both payable Sept. 28 to holders of record Sept. 14.
Distributions
40
cents each
were made
on' the; common stock on March 31 an
June 30 of this year, while in 1944 the following payments were mad
March 31. June 15 and Sept. 30, 35 cents each; and Dec. 22, 45 cents.
V. 162, p. 1171.
" '•
, *
" ' . * '
' v
Houston Natural Gas
directors
have
declared a dividend
par value, and the
Corp.—Securities Offered—Paul
Davis & Co. and Union Securities Corp. on Sept. 13 o
fered $6,000,000 3% sinking fund debentures, due Sept.
1960, at 101 and accrued interest. The same bankers a
underwriting the exchange and public offering of a tot
of 190,000 shares of $2.25 cumulative convertible pr
ferred stock, at par ($50) per share and accrued div$.
Houdaille-Hershey
1, 1960, a
1, 1946, sufficient to r
Redeemable at option
company at any time in whole or in part on at least 30 days' notie
otherwise than for the sinking fund at 103 prior to Sept. 1, 194
and for the sinking fund at IOIV2 on March 1, 1946, with reductio
in the redemption prices, in each case with accrued interest.
Preferred. Stock-^The $2.25 cumulative convertible preferred shar
are
convertible, unless previously redeemed, into common shares
the company at conversion price
(taking the preferred shares at $
per share) of $25 per common share to and including Sept.. 1,
19
Debentures—The 37c.sinking
entitled
and
363;616
98.180
12.115.972
__$25,246,135 $24,926,264
—
$313,154
„^
-
$4.100.48f
12,24
'•
.
$1,447,18*1
21,695,483
y, 67.960
special funds &
81,066
deducts..
42,500
•
10,681
,
$394,220
income
Gross
$1,542,979
deferred .charges
Appropriated
Appropriated
Unappropriated
Total
, :
.ic
588,099
1
Maintenance
tire
and
—T_
-
9,722,000
1945—Month—1944
$1,887,321
Operation
■
term
Capital
Capital
—V.
—
782.
p.
Houston
$2,575,924 : $2,268,675
25,168
54.496
assets
and
income
Long
——" '
1
...
162,
Period End. July
■ ?
1,207,980
'
887,622
supplies
cos.,
Liabilities—'
the
tax.—
due-bills outstanding—.
fund income deben. outstanding—
sinking
Total
$1,529,601
Total
$8,000,000. to provide for debt
War
155,192
83,009
443,^94
57c
$2,257,995
-
receivable
capital
Prepaid
f'
company,
involying . approximately
refunding and further plant expansion '*
is proposed with the filing with the SEC, Sept. 11, of a registration
statement
covering $5,000,000
first mortgage bonds,
series E, due
on
,
and
Net
$78,649
■54.054
Hawaiian Electric Co., Ltd.—Registers with SEC-^Financing
f
■■■;'
other
in
accounts
—V. 162, p. 458.
,
.
inventories of
Invest,
533
and
_—
insurance
retirement
Advertising
Balance Sheet • ,y.
;
June 30, *45 Mar. 31,'45
receivable, U. S. Govt.
- \
• y
.
^
materials
35,000
66,339
income
Dividends
:
collected
taxes..
Federal
489,910
.
or "
Sundry accrued expenses
Deposits and credit balances—
Total
debenture interest
withheld
1,601,077
. '
1,156,130
11,614
share,——-
banks, accounts
in
'.-r
151,781
provision for current year
tax,
118,189
37,135
20.579
Total
,.
$2,564,310
—_
—
securities,
'
reserve
the debentures
i—
taxes, rent and other exps,
year
Unemployment
$3,625,204
1.485,702
taxes,—
common
per
Assets—
-
58,771
f$-H 745
^43,050 .-U- '274,625
taxes.
on
$3ou,717
$431,157
'
——1
Realty and Terminal Co,
State
and
taxes accrued
subscriptions
Condensed Consolidated
Cash
$11,464,656 $12,895,404
—...
Sundry
Bond
3,238,721
1,617,816 "
*
York
the
4,000
507,118
414,818
1—1.
;
income
Hercules for the
from the British
—
income
$108,328
$9,131
954
$9,365
...
(net)
:
of capital
Federal
$5,015,202
1,682,795
—
Net Income ."——"
107,251
$7,357
income
.
.
•
31,455
$10,319
revenues
oper.
Non-oper.
$5,732,807
•
—r—
paid
y
-v
10,300
—
dividends——.—
for balance of
for
7,517,406
4,742
10,300
,—
charges————————
earned
Interest
Res.
production ceased.
debts.
Federal
406,969
•
contracts——
payable
rent
88,800
95,338
7,205,457
leasehold
—
New
for
Oper.
(& Subs.)—Earnings—
1945
1944
$654,004
-
^
deferred
deficiency
Due
the
small part used to manufacture DDT,
earned and miscellaneous— y
Est.
—
————
of
Est. .insurance
f
income—
operating
Bad
431,224
value
Total
—
...
advertising
The
Interest
1945 . ■ 1344
$753,895
$358,689
120,000 i , J.
!
762,154
682,459
484,878
482,869
notes
-
—!
Investments
Net
banks
savings
net
receivable,
book
Total
1942
1943, when the British were
with powder from plants nearer
amort., surrendered
and abandonments, etc.
leaseholds
Interest
r
Treasury
States
Trade
nine months and produced
of nitrocellulose and 143,000,000
double the amount originally -pre¬
deprec.,
Total, income
•
in
and
hand
on
—V.
'
$691,870
$55,948
34,514
■Operation
Cash
United
Accounts
T ' i
June 30
Balance Sheet,
*
-
operating income
Costs, operating exp„ taxes (other
than Fed. inc.) and gen, expense
1945—12 Mos.—1944
1945—Month—1944
Period End. July 31—
:^
Assets—
$409,864
Gross
y' •
Co.—Earnings—
- •
y ." . •<'
Haverhill Gas Light
;
161, p. 879.
■- ■'•■-vs.
Comparative
Corporation.—V. 162, p. 1170.
Plants
Honolulu Oil Corp.
Depl.,
198,689
*198,689
♦183,176.
.
'
6,804,988
685,074
„
,
part of the
by the Defense
surplus at May 31
common share—
;
paid
Balance
:
.
$685,073
151,781
>
$376,049
original plant was designed and operated by
British Ministry of Supply and was later purchased
$7,651,170
7,770,645
*
.33,646
183,176
income tax—
Federal
,
■ - •' >
The
$8,489,791
284,626
of year—
,
$489,909
489,910
1~80~959
300,425
profit
newly
.
$633,165
for taxes,
;
——'
rent, etc.
prov.
of taxes,
for
♦Loss.
...
,
facilities purchased have been used by Hercules
to produce DDT, Well-known insecticide, for the armed forces.
This
unit will continue in operation for the time being. -
.$846,182
income
forces
500,000
274,625
'
operated for . two years,
armed
their
6 Months
Total
Net
(N. J.) plant.
plant, adjacent to its Parlin
announcement further stated:-
small
A
$719,146
—
Provision
Accounts
•
$1,218,119
805,998
-
243,050
Amortization
2557.
161, p.
supply
859,436
Net profits for period—
Earned surplus at beginning
rent/ etc.
for bal.
$639,447$1,107,351
380,729 ' 5407.447
157,857
465,362
33,631
28,854
$327,225
$314,229
mated,
1,006,944
;.
Income, before
Prov.
acquired facilities will be utilized primarily to increase
the production of cellulose acetate.
Other cellulose derivatives, which
along with cellulose acetate are manufactured at the Parlin plant, may
also' be manufactured in the addition.
New equipment must be
installed since a different process will be
carried on.
Because of the uncertainty connected with the construc¬
tion work, no date for the beginning of operations can be approxi¬
11,413,804
4,003,056
——
307,150
%
■
Interest on the- debentures——
$205,688
204,176
fighting fronts.
Except for the
the plant has been idle since nitrocellulose
$336,633
1944
inc. (after
retirement credit) less post-war
debt
deduct,
credit
—
—
182.039
——
profit
The
State taxes on
Fed,: and
for
3,759,010
..
$118,819, ^ $67,230
208,406 - . 308.819
$132,190
approximately 120,000,000 pounds
pounds of nitric acid.
This was
dicted for the plant.
Production was stopped. Dec. 8.
$402,789
$1,664,232
61,858
—_
——---
depletion
&
operating profit—
Net
J51.001
$1,726,090
j
income
'
—
cellulose
10,948,397
4,255,199
expense—
operations
from
Profit
Other
—_
expenses —
accrued (est.)—
Deprec.
$16,867,828 $17,098,153
j
—
"
■
126.861
$553,789,
1945
-
•
$5,2d4,279
$1,570,532
$1,728,731
int. on deben.._
Interest other than
;
1943
?■.;
Taxes
(& Subs.)—Earnings—
leased depts., less
allowances—
sold—
general and admin,
of
Selling,
Prov.
and
returns
discounts,
Cost
31—
4,510,004
323.172
326,224
.
deduct, of rent,
amortization
and
Inventories
^
1944
1945
289,217
sales and income from
Gross
Co.—Earnings—
$566,012
•
The
Hart Schaffner & Marx
1944
$6,403,708
852,516
credits, $527,-
r
235,064
2,249,501
$418,133
$33,238
$37,182
1943
1945
$6,827,706
etc
before
interest
Net
$513,259
672.
p.
'"'.y-'y v
.
income
expenses
Income
payable and
taxes (net),
570.
p.
30—
from ore
receipts
sales
to
„„
162,
Operating
Inc.—Purchases Gov't. Plant— £
This company on Sept. 5 announced the approval by the Reconstruc¬
tion Finance Corporation of Hercules"
purchase of the B line nitro¬
66,156
5,513
$160,900
4,772,750
30—
other oper.
Taxes*. insurance,
Hercules Powder Co.,
$484,294
$33,751
*•
5,513
162,
plan.—V.
The
$42,696
844,500
(
——
Net
301,750
$47,851
841,539
$102,618
;•
Waldorf-Astoria Corp.—Earnings—
sales- and
Gross
>.
Operating
w
1,074,604
I
—
12,0*49
$1,221,055
1,060,155
458.
p.
Hotel
.
1,434,142
pfd. stock
on
162.
6 Months Ended June
;
taxes
3 Mos. End. June
$4,179,044
$57,308
_1
income
Dividends
revenue
—V.
Co.—Earnings—
Hecla Mining
.20-
$620,380
136,035
Net
_
—
Liabilities—
1945—12 Mos.—1944
9,100.
$17,241
$23,129
Ended July 31—
before
come
88,270
14,612
140,975
rev, from
Deductions
r
1945
1944
$21,962,779 $19,548,533.
2,699,150
2,189,024
♦Profit after taxes
—
822,519
790,872 •
Earnings per common share
t
,
$0.95
$0.90.
•Before provision for any contribution to company's retirement in¬
.33
y v«'
$944,157
stock, $29,749,500; common
earned surplus, $39,-
surplus, $2,869,300;
total, $115,772,800.—V. 160, p. 984.
6 Months
Profit
135,868
deductions
other
$303,800; deferred
cumulative participating
Sales
295,000
income
Gross
y
!,
for contingencies,
reserves
(The) Hecht
24,000
taxes
for
Provision
oper.'„
$210,015?
181.886
Prepayments
-45'
.40
2,135,703
bank. $1,500,000; accounts
income and excess profits
$20,000,000; capital
479,400;
$4,485,225
$1,209,006
$158,216
circulation
class A 17c
000;
stock,
$345,907
185.786
amortization
1,041,200
Federal
other taxes, $2,173,200; deposits to secure
„ accounts, etc., $1,071,900; other current liabilities, $810,600; notes
payable to bank and others, maturities payable after one year,
• $12,125,000; payable to affiliated company, $59,300; other liabilities
$3,149,300;
including
$370,750
152,575
$929,703
14,454
Net
100,300
$1,9,54,500;
25,000
expenses
deprec.
and
for
Prov.
,r:
——
$207,901
^:7$155f92i^
2,114-
rev.
.
1.918,112
;?,?89
property, less reserves for depreciation,
franchises, reference libraries, and good¬
charges. $329,600; other assets, $241,000;
$82,478,700; deferred
total, $115,772,800.
\
—V.
1945—Month—1944
Period End. July 31—
•
2,026, S 09*
transp.
$3,686,900 y $3,903,900
stock—'
will,
Gulf Power Co.- -Earnings—
Gross. revenue
• '
$3,177,118
320,449
transp.
less reserves, $13,900;
$13,935,300; circulation, press
Net
•
•
$2,956,612
$528,350
from
561,900
499.600
278,400
„
—————„—y.
bonds,
accruals,
"I
: *
•
328,766
Rev, other than
Net
/
Sheet, June 30, 104$
Assets—Cash, $5,354,600; U S. Tjreasufy savings notes, series C $nd
accrued interest thereon, $105,900; notes and accounts receivable, net.
$5,884,900;
inventories, $3,786,200;
post-office and other deposits,
$33,900; postwar plant and equipment rehabilitation fund, $1,000,000;
postwar refund of excess profits taxes, $2,529,500; investment in and
advances to subsidiary not consolidated, $79,300;
sundry stocks and
.06 .y .10
-30,
Railroad Bond
.15
-20
.53.
Railroad Equipment
——
.04
u)8 t
.24
Railroad Stocks
—
.07
.10
.28'
Steel
.06
JO
,25. .< •••■ •
Tobacco
—
.04
.08
.17
Utilities
—
.06
'.10
.20
.
♦Regular dividends are from net investment income and extra divi¬
dends are from net realized profits.-—V. 161, p. 879.
Petroleum
.
$484,693
J__
portation
Operating expenses
f
"
trans-
from
rev,
^
—
-
Transit Co., Ltd.—Earnings—Month—1944 - • -1945—6 Mos.r—1944 '
Honolulu Eapid
,Condensed Consolidated Balance
.32
.15
.15
.15
.10
.20
.15
- .10
.15
.05
.15
.08
.15
—-10
.10
.10
.17
.20 .J,
.10
• .15
„
.05
.03
.10
.08
.10
.06
.10
.11
19,227,800
of renegotiation
result
a
Period End. June 30—y.
9,981.600
18,419,400
10,562,600
—
L
paid class A
Dividends
1st 9 Mos.
Total
,08
.r~
.05
—-———.07
....
Aviation
Food
*Extra
.07
——-—
i
borrowed money
income
Net
J
*. Total for
Quarter
^Regular
'
Class—
,
(incl, all property
i
equipment —
paid on
Securities, Inc.—Extra Dividends—
The -following dividends on the various classes of shares of. this
corporation have been declared payable Sept. 29. 1945, to shareholders •
12, 1945:
-
as
Gross
Publications, Inc.—Earnings—
„
1945
1944
——
$52,412,600 $50,324,900
i
—
—
18.157,300 17,357,800
services
and
Interest
Group
of record Sept.
•
will have, out¬
$200,000 series A
3'/a% bonds, due
series E bonds; 100,000 shares
purchased from others—Wearing out and obsolescence of buildings and
Greyhound ,
Greyhound
1943 and $279,- •
.
$1,893,640 .
.
included a ..
rates sub¬
Act.
approximately
applicable to the
,
f
-
taxes)
Goods
$0.77
$1.74
com.
per
revenues
Salaries and wages paid
Fed., State, and local taxes
\
,
Ended June 30—
6 Months
t$2,2f5,120
2.784,353 2,792 075
♦Includes equity
'
shares of new series C
stock, and 350,000 shares of common stock.—V. 160, p. 831.
preferred
shr.—- . y
$1.52
$1.76
in net income applicable to Pennsylvania
Lines, Inc., 50% of the voting stock of which is owned by
Corp.: $296,137 in 1945, $320,140 in J.944, $347,977 in
620 in 1942.
• •"' '\r • . .-rw ;Vl-.
'A' 7>
/»..:!
tAfter deducting post-war credit of $1,702,353 in 1945,
in
1944 and $1,816,643 in 1943.
■
>
,
>
7The reported earnings for the first six months of 1942
provision for Federal income and'excess profits taxes at
stantially in excess of those finally fixed by the 1942 Revenue
Such provision at rates finally fixed would have been
$1,386,000 less, which is equal to $0.37 per share,
common stock of The Greyhound Corp.—V. 162, p. 353.
.
Earns,
"
1964, and the $5,000,000 of new
preferred stqck, series B. the 150,000
1,
57c
of
.
893-293
'
...
Giving effect to the forthcoming financing, company
standing $10,200,000 first mortgage bonds comprising
47c
bonds, due Dec, 1, -1958: $5,000,000 series D
$4,984,895 $4,923,997
$4,443,548
——
r
additipnal securities.
of
the issuance
Vy
applic. to stock
consol., held y
Net. inc.
,
,
$9,917,730
expenditures estimated at
Of the remainder of the $9,917,730
approximatley $2,500,000 has been «or should
be
obtained from depreciation and other .accruals,- consumers' con¬
tributions • and other realizations, undistributed , income or from
the
company's treasury, and the balance of approximately $4,200,000. from
construction,
for
funds
aCAann
2,376,700
16,872,060
398,348
income
that
the years
for
564,900
—■—$25,650,158 $15,709,267 f
2,241,660 2.647,321
16,351,719
<
451,658
270,328
$6,605,121 $3,138,719 s
939,600
.
$53,883,040 $26,261,826
taxes- ;
tFedyexc. prof, taxes—.
Net
737,326
;
income
Net
Federal
will be
$75,646,105 $74,746,021
47,297,257 44,135,463
. 4,047,916
3,593,339
Net oper/ revenue—.
series B
applied toward construction
1945, 1946 and 1947,
mortgage
wanlttMl
$^,442,911 $®2,062,291
33,035,897 32,123,037
4,073,411 3,9 ,
$24,300,932 $27,017,219 $26,333,603 $15'®38,555
,
922,263 i 553,276 '
341,956
221,403
$2^223.200 $27,570,495 $26,675,560 $16,209,958
> ; 602,333 - ,369,068
460,502 ,500,691
€ Mos.
Operating < revenues—
Operating expense—
depreciation
corporation reports to
The
notes which were
sory
Corp.—1944 Profit Revised—
the Securities and Exchange Commissi6a
settlement with the Government the
original net profit of $5,413,059 for the year ended Dec. 31, 1944/ has
been reduced by $140,872, after adjustment for Federal excess profits
tax.
Of this amount recovered by the Government, $48,577 is to be
paid in cash and $92,296 by reduction of the post-war refund of excess
profits taxes.—V. 162, p. 570.
; * •
.....
;5 \
Hershey Chocolate
and to payment of $3,000,000 1V2 % promis¬
issued to redeem the company's $3,000,000 first
bonds on Sept. 1, 1945. The balance of the proceeds
Dec, 1, 1958.
series A. due
1945
Monday, September 17,
FINANCIAL CHRONICLE
COMMERCIAL &
THE
to
a
$150,000
share thereafter to and including Sept. 1, 19
rights terminate. Redeemable at the option
whole or in part on at least 30 days' n
at $30 per common
when
all
conversion
at any time in
tice at $52.50 per share up
the company
per
fund debentures, due Sept.
sinking fund, beginning March
of debentures semi-annually.
to and including Sept. 1, 1950; at $51.
share thereafter up to and
thereafter, in each case
share
including Sept. 1, 1955, and at $60 p
plus dividends.
yolume 162
Listing—Company has
{ ;ferred shares
'
the
on
Exchange and
*
THE COMMERCIAL & FINANCIAL
Number 4421'
application
made
York
New
for: the
listing
Exchange,
Stock
Detroit-Stock
the
the
Exchange.
the
of
Chicago
-
•■'■
pre-
'•
Paul
0.
for
provide
retirement
the
ently outstanding shares of class A
ditional
of
funds
which
will
plants and equipment
/ ; !'v'
A
the net
part of
used
be
soon
as
cash
of
all
of
the
173,500
pres¬
A. C.
(no-pari stock and to provide ad¬
the expansion and improvement
labor and materials
as
proceeds
from
the
of
funds
to
will be
redeem
sale
deposited in trust for this purpose.
all
the
A stock
outstanding class
the
be
shares
from
$7,807,500,
'
sale
IDCO,'/the
:
the
the
of
estimated
stated,
and
redemption
the
Exchange Offer—Company
offers
the
to
holders
of
its
.^referred shares,
imd
who
«ons
of
),
the
on
cash
in
conditions.
are
"share
a
the
to
The
and
Lee
may
panied
.
:must
V
by
be
for
$5
received
each
H.
Rollins & Sons,
3 p.m.
(EWTl -on Sept. 27, 1945:'•> Detroit Trust Co., Bankers
fCo. and City National ;Bank & Trust Co./of Chicago.
;
Giving Effect to Present Financing
Capitalization
V
r
•
,
1';,
"3%
?
"$2.25
,?■
*
f
.
-
,
J:
-
'Common shares
f2,000,000 shs.
(no.par...
.
-
*
/
anteed
.......
will
/ :
be
reduced
to
is $12,000,000; (which
$6,000,000
19451,
Sept. -24,
on
aggregate
*
and
the Skinner Co., Ltd.,
£
substantially
acquired
all
the
capital
stock
Blflex
of
y"*ibe
t
.
"f 7
company.
-$838,437
on
class .A shares.
on
class B
'$1,752,870
1
216,878
>
196,250
shares.*..-;
785,000
""
'
„
-
Goodwill
charges
_______
Liabilities—^
/
L
—_______
Accounts
(convertible preference stock!
of
Muskegon Motor
Pre-War Business—Company
}
t
i
of
commencement
the
war
was
principally
activities
in
the
engaged, "prior
manufacture
of
income,
due May
1,
■and
products for the automobile industry.
Most important of these were
bumpers, bumper and grille guards, shock absorbers, ignition locks,
brake levers, air cleaners, steering spindles, fender skirts, piston pins,
"t r' bearings and other miscellaneous parts and equipment for the automo¬
bile industry." - In addition, the company machined and heat treated
camshafts and crankshafts, principally for manufacturers of internal
combustion engines, and, to a lesser extent, manufactured products for
Other industries, including evaporators and condensers for refrigerator
<;/; units, and other precisionrmachined products, and engaged in the
hydrogen welding of ferrous and non-ferrous, metals.
Products sold
77
to automobile manufacturers were used for the most part as . original
* j
"equipment.
-
——-r—r—
Hudson Bay Mining & Smelting Co.,
Estimated
Earnings
net
share
per
2447.
:
.
—
.
Rent for
approximately 80% of its sales were
^companies in the field, approximately 15%
made
pany,
fro.
the
to
Net
Business—The
income
bonds,
1945.
Interest
conversion
all .of
of
its
facilities.
--
However,
because
of
recent
1943
$0.92
$1.19
$1.46
1
$3,492,541
1942
$1.27
•
will be paid on Oct,
changes in the design of
many
H.
l, 1945, on the 5%
is
Davis,
for
Oper.,
War.—V.
adjustment
due Oct. 1,
Bank, New
tl-
for
general
expenses
plants,
and
approximately, $2,750,000
■existing plants.
ture
of
In addition,
between $1,000,000
for new equipment Tor other
the company is considering the'expendi¬
and
$2,000,000
to
provide
new
3,055,894
223,570
$431,456
%/.
,8,536
16,930
'$364,061
taxes
on
$451,385
223.529
taxes_^;_
for /Federal
be
under a long term lease.
Any additional
:funds over and above the net proceeds of the present financing which
may be required for this program will be supplied from working capital.
£
W.
for one of its present plants or to equip, an additional plant, which may
I')
*
purchased
or
occupied
7 On the .basis-of purchase orders
for civilian products which the
*
318,860
income.
The
to
company
be
Jess
done
material
uhable
the
'•
has
with
com-
to
to
no reason for believing that the volume of-business
these customers in the post-war period will be .any
its
determine
prices of
) Underwriters—The
to
•
the
offered
'
•
.
the
operations
dollar
volume
than
of
formerly.
these orders
Company
inasmuch
the
exchange
to
the
is
stock
as
shall
not
have
common
13,571
—
of
no-par
.
„
.
.
common
preierred
.
;'•;....
■:
,
,
il945—^7 Mos.—-1944
$196,799
$ly.446,217
.200
11^124
1,400
$208*444
$196,599
115,724
$1*444,793
$1,380,568
868,322
776,818
128,217
r'
'
44,311
40,889
$35,866
income
$39,936
.25/876
21,408
,/
350
358
318,053
336,871
$258,068
7
$266,529
,
156,538
167,390
7
673.
p.
-' 7
50
$1,381,968
1945
1944
$3,436,168
1943
1S42
$3,396,574
$3,184,922
$3,081,309
1,111,459
1,153,205
1,323,656
961,122
942,708
$1,131,910
.
1,130,062
1,118,764
$1,100,144
$1,164,721
504,875
504,875
973,888
$1,187,343
charges
•■■7 504,875
by
shares- held
other
for
resale
^13,910;;-property,
charges, v$38,504;: patents,
.
"'
.;•/^
.
.
current
or
*^-/. V.
dies,
-
assets,
.any
-
.
proper
capital
corporate
(net),
patterns,
■
$1,027,341;
etc.,
$1;
total,'
'-
,
52,700,000;
.accounts
payable,
$299,199; -.accrued
liabilities,
$662,617;
deferred
liability,
$41,925;.
reserves
for fosses, $113,224;/unearned -discount, $16,648; $2.25 cumu.
preferred/.stock J30.000 .shares .no .par), $1,500,000;
common
stock
1172,435 shares no'par), $1,136,442;-earned surplus, $911,789; total,
$7,381,843.—V. 161,'p. 2557.
"
.
10,255
71,704
$585,014
$588,142
;
7 /
de
for
the
creation
with
the
cooperation
assistance
Mexico—Mexico to Get New
of
electrical
an
of
American
outlined
were
manufacturing industry in
and Westinghouse
investors
Sept. ,11 by Kuhn, Loeb.& Co.,
collaborating with the Mexican Government. and
de
v
Mexico.
Finaiiciera,
Nacional
the
who
Banco
V,".'
\
S.
of
A.
Mexico,
an
agency
of
the
Mexican
.■
/
••••
/"
•
•
capital of $10,000,000 will be subscribed in approximately
equal proportions in the United States and Mexico.
Kuhn, "Lo<=b ft Co.
will head the American investment
^banking group and Banco Nacional
de
Mexico
will
head the Mexican .group.
Details of the financing
will be
with
announced
the
This
•
will
be
and
this
-For
in
;.
first
major
investors
Co.'
Mexico
which
will
from
the
industrial
war
stock
issue
to
be-
began and will be unique
respects.
-
{
<•
a large,
modern electrical manufacturing
prepared by .the Westinghouse Electric.Inter¬
also provide training in Westinghouse
plants
been
period
foreign
since
designs for
have
of
manufacturing and operating personnel of
/
'7
company.
s.
registration statement has lqeen filed
Commission, probably in the next
■/"' ,./
significant
country for certain
new
the
as
Exchange
.
important and
'Estimates
national
the
American
to
establishment
in
soon
and
:
several
the
as
Securities
days.
offered
$0.69
$115,340;
other
equipment
plant and
$546,541
Electrica
five
income
the new company will have ekemption
taxes, and certain import duties.
■
*
years
The .plant -will :be ;built near Mexico City at a cost of
approximately
$10,000/000 for the initial unit.
Equipment and machinery, for the
plant, including machine tools, furnaces, cranes, boilers and -electrical
■;
installations
will .be
purchased
'"The
CL313
80,493
$582,180
for divs._
the neeessary .priorities
inventories, '$1,371,388;
504,875
The share
-
m
v,;,"V Consolidated Balance Sheet, June 30, 1945
purpose),
•-;;;
100,288
new
13,571
states:
Liabilities—'Notespayable^banks,
*
*
r208
taxes
been
51,307
/•/
'$0.70
share
McMillan, .^President,
$7,381,843. VT
been taken
-
.
Government./
$132,526
>
25*653
deferred
firms named below have severally agreed to pur¬
(a) the .16,500 preferred shares not subject
(b) such ,of the 173,500 preferred shares
A
$140,532
;
i_
The .preferred stock, series of
1936, was called for redemption on June -30, < 1945. Company sold
30,000 shares of $2.25-cumulative preferred stock with accompanying
stock
$208,652.,
pper._
973;.
'
.
1945—Month—1944
___
rev.
'Assets—Cash on-.demand-deposit and-on hand, $321,386; U. S. Govt,
securities,'.at /cost, -$3,300,000; notes .and accounts receivable, r$l,193,-
as
offer, .and
of .class
period
.
company
holders
.
'
r|ot
'"by such holders in exchange, .in the various amounts and percentages
:set; forth below opposite their respective names; and /certain of the
firms have severally agreed .to purchase from the company, debentures
in the amounts set forth below opposite their respective names.
JB.
■/
as yet been es"tablished, but they are believed to constitute s material portion Pf the
■company's present unfilled orders.
■»
chase from
;
over-all
the products called for thereby have
for
dividends.
dividends.--'
warranty to purchase 30,000 shares of common stock at $18 per share
at any time prior ;to May ,15, 1950.) The net proceeds from the sale
of the $2.25 .preferred have been utilized to retire the preferred stock,
series ,of :1936, :fO'. provide $500,000 for expansion
of manufacturing
facilities .and for increase in working capital. *
-.
/
tc ;pany has already received from its three .principal pre-war .customers,
«,
profit
Earnings .per
equipment
share
.one
'.
company, Industria Electrica de Mexico, has been formed by
cooperation of American and Mexican Interests.
It will be the largest
privately-owned industrial corporation in Mexico, with an approximate
capital of $15,000,000, of which $5,000,000 in. bonds will be subscribed
few
Net
■
y,.,
and local taxes
Plans
$3,710,919
240.552
—
capital
Preferred
■>
deductions
Mexico
194 4
2,064,452
sold'
profit-before
Common
-
Appliance Plant—American and Mexican Capital to- Fi^
Project—Kuhn, Loeb & Co. Heads U. S. Group—
A
-
•
Net Income
A
1945
$2,660,529
goods
Provision
any
nance
wholly-owned subsidiary companies)
$355,525
improvements as soon as materials and labor are .avail¬
able.
Present
plans ;contemplate the expenditure of approximately
i ^;
$500,000 for property additions to the Huntington and Decatur plants,
r-f.
approximately A3,500,000 .for new machinery and equipment 'for these
*
Fair¬
for
^
income
Net
issue
50
Bal. avail,
161, p. -463.-./•::• ?.
'
the acquisition,of a substantial amount of new-equipment, and in this
•connection the company is planning to make substantial expenditures
I
of
16,039 shares of Imperial-common and
■■
oper.
lease .of
technical
products and improvements in manufacturing processes will necessitate
.
-i
.•
—V. 162, p. 459.
,
Other
Fairmont ..would
of-the
& retire.
depreciation
or
-
Economic Stabilization, announced on
the return to this company of its Ingle-
sales
Selling,' admin, .and
of the company's
Issuance
settlements
ton
maint.
All Fed.
of
Director
(Including
of
cash
dividends
Indianapolis Water Co.—Earnings—
Nacional
Net
plus
accrued
.Imperial stock. 1
of-Parkersburg, General Manager and Treasurer
.12 Mos. End. July 31—
Gross revenue
Hussmann-Ligonier Co.—Earnings—
Cost
...
share-for-share
Le Sueur, ^President and Chairman of the
board, died
Ont., Canada, on Sept.-6,at the.gge of 64.—V. 159, p.1973.
oper.
Interest
Six Months Ended June 30—
yolume of civilian production can .be ^attained. 77
/
;'lt is the intention .of the company to return to the manufacture of
•substantially the same.types of products as it produced before the war.
payment*of
revenues
162,
have
.)
.
"a
stockholders,
income
Other
due
Sept. 6 that he had .approved
devel¬
hand.
'
side)/Tejfas,;; plant,^/which/had tbeen "seized" by the .Petroleum Adminisistration'
'
.
by the company at Room 2000, 11 South
up to 12:00 o'clock noon, CWT, Sept. 17,
the.purchase of $6,000,000 first mortgage bonds/series due. 1970,
the coupon rate to be specified in the bids.—V.
162, p. 354.
Humble Oil & Refining Co.—Plant Ordered Returned
opments, the company is now faced with the problem of converting
substantially all of its facilities to pre-war production as rapidly as
i possible.
This .will necessarily involve a substantia] reduction in .out¬
put and a consequent loss of income until such time as a reasonable
However, anticipated
said
Industria
William
■
for
Ltd.—Earnings—
1957, on surrender of coupon No. 65,
payable at office of Chase National
York, N. Y.—V. 162, p. 1171.
suddenness of the announced
CtX surrender of Japan has drastically affected the company's previously
formulated reconversion program.
It had been anticipated that this
program would .be carried out over a period of months, thus enabling
/■the company to replace the production of war items with the ,produce
tion of pre-war products on .a plant by plant basis and minimizing
the decrease in production necessarily inherent in a simultaneous re¬
Sale
- •
interest of l3/4%
unexpected
Va.-
Proposals - will be received
LaSalle Street, Chicago, 111.,
'
Post-War
If:;
about
Indiana Gas & Water Co., Inc.—Bids Invited—
■
three largest
to
of
V.
Operating
Hudson & Manhattan RR.—Interest-
other auto¬
mobile and truck manufacturers fincluding manufacturers of internal
•combustion engines), and.approximately 5% were made to other indus¬
tries.
Approximately 53% of the total sales for such year were ac¬
counted for by sales of various products to .Ford Motor Go,
made
were
-profit
a
-
properties
■i
In 1840, the last year of regular commercial production for the com¬
Power;
Co., -Parkersburg, W.
dones through
^Operating" revenues
Operating • expenses _i_
^
$4,013,056
./
caused
Indiana Associated Telephone Corp.—-Earnirigs—
Net
.1944
,
has
of
it
Kansas
in
Period End..July 31—..
—V.
$3,282,549
1945
.
Light
wrvich
Co.
this.company met ..-on Sept.-5 to .action a pro¬
Co., of Omaha, Neb., to buy the concern
.'
„
\
of
the
-
eateh
Uncollectible
♦After
deducting all operating costs, including administration, de¬
preciation and all taxes, but without provision for deduction.—V. 161;
p.
American
shares
400,000
on
Light
investment
570.
Cream
on
ibe
Kentuoky.
800
$2,534,871
earns.__
and
total
J
$109,611
6 Mos. End. June 30—
.
its
p.
Randolph,
Operating
305,595
—r-<r
Amer¬
;
......
*
H.
Richard
392,680
--■Pik'p.mT.
$4,000,000
Power
to/Imperial
at Toronto,
metal
kS
North
that-North
.avers
20,000
1946______
surplus.; (Deficit)_
Earped
to
A Imperial Oil, ;Ltd.—Official Dies—
635
"
account
open
dividends
The
'$1,090
>
/
to
Imperial company, whose President is .Frank V. Langfitt, of
Clarksburg, i-W. Va., operates 21 manufacturing plants and .distribut¬
ing branches in We^t Virginia, Maryland, Ohio, .Virginia,-Pennsylvania
$109,611
f
rental.—
•
income debentures,
5-year convert,
Capital stock
tb*'the
now
would
Imperial,
'
fI
_1
expenses
Deferred
about
-On
■'-''-'fv.f'v"
.payable
Accrued
through the
Illinois
it.
stocks, plus*the cash differentials.--
v-;'«'4,r
—
-belonging
Kansas.
illegal
,or
v
stock for
974
__________
:
class A stock
of
-7,688
—
for
development
to. pay $1,000,000 for Imperial's physical proper!
approximately -.$500,000 additional for -raw materials and
stock
John
v
14,206
'v:
Total
v
—
—.___ „
Deferred
wholly'•owned subsidiaries of the company now. consist of the
/Skinner Co., Ltd., which qperates a .plant at Oshawa* Gnt., Canada,
JHonan-CraneCorp., which operates a plant at Lebanon, Ind.,/Houdaille
'Co. of Canada, Ltd., an inactive corporation, and Buffalo Arms Corp.,
which formerly operated a plant leased from Defense Plant Corporation.
In addition, the company owns the entire common stock and 13%*
the crediting
fictitious
Kansas
North
Ice
difference and
.:
;
—;
utilities
near
'
Accounts receivable .(net)—assets
,or
funds' be¬
expended
the
Fairmont 'proposes
This
iiloicard/A.trcratft;^oi^.^BAlanbe'Sheet,.July 31^1945—
)
Fixed
in
market -prices,
to
stockholders
mont
$86,742
Prod-
by
of
profit "of
a
maintains,
commodities
628,000
.
'
has
transfer
ties ..and
••15-year//debentures.The
'
present
stock <of-the
to
The
v
designation pf the class B stook was
Exchange to common- shares wof no
value. / See plSo V. 162, ,p." 985.'
'
' "f
■'/;/- • • ■
•->'/r"f"■
'"/f./:vVf?
•ci
Illinois
butright.
104,180
'Vr'
-
.Light
public
caused
to .be
for
posal of^Fairmont Creamery
2,529,814
785,000
of
Imperial
:t
$1,555,779 i $1,707,520
-433,763
433,762
433,764
.
^ecapitalisatiDn Voted— '
of
'f/./Specialties Co., which operates plants at Jackson and,Muskegon, Mich.
l
43(408
position,"
$10,000,000
and' supplies
Considered—V';vv:
37l;537
3,775,358
104,180
V -The
-i*.-of the
;
.1,025,47.2
4,672,805
104,180
American
$10,000,000.—;V.-162,
$5,738,525
953,959
1,038,855
par
.
-j
Light
common
Changed' on The /New '.Yprkf Stock
pets Co.,-which was subsequently liquidated into the company.
In
4944,- all. of /the capital 'stock of *Honan-Crane Corp. was purchased /by."
'
$7,428,333
888,068
1,049,430
int.l_
North
Light, according to Illinois Power's motion, has
funds, .excepting to cause "the books .of Illinois to
the
upon
Illinois
B stock,/(no par);value) to 2,173,500 shares without par value
(consisting jof,".173,500 shares of class A stock, no par value, and
2,000,000 shares ofjelas B stock, no,par value);' (2) for the creation-of
190,000 shares •0f3i$2.25vcumulative convertible preferred stock, $50 par
yalue.^and i3) fori the, issuance and safe of not exceeding $6,GOO^OOO
./.^^-Specialties Co,;.: the'first "two of such'-companies having been subse^
quently dissolved and their assets acquired by the company. Jn con¬
nection ,wit£ /thef/acquisition of General/Spring 'Bumper Corp., the
company,
Based
$7,203,095',,$5,602,760
225,238
' 135,764
132,239i
$8,467,354
minor.
to
Against
Light."
.
ican
North
books
American
of
/Other
and
repayment thereof
the
—
1942
class
the common stock of Muskegon Motor
and
.of
repaid
on vBept.
11 approved a plan of > recapitalization
provides .Jn part-as follows:, (.1) .For changing the authorized
stock from ".2,"500,000 shares without par value (consisting .05
500,000 shares of .class'-A"vstockr no-;par value, and 2,000,000 shares of
until paid.
■£.•/■•- -and Oakes Products Corp.,
.
1943
,,
-'$8,335,114
profits tax. (net) f 1,526,696
Claim
financial
excess
(properties
American
;a
which
consolidation
a
North
on
capital
of Houdaille Corp., cHershey/Corp.
which companies were in turn successors
to enterprises started during the period from 1912 to 1919;
Company.
acquired, principally/between June, 1929, and January, 1931, "the fentire. capital stock. of General Spring Bumber Corp., Lyon Cover Co.
as
•„
precarious
a
purchasing material
gas
.reflect
*
.V>..'rThev-«tockhdlders':
^i''"^,'""Hi^ory^*^i^uiiiiesi-^^brpbrati<m'rwas:^fn<wporated^'ih';,Michigan'
30,71929,'
natural
,
"123,917
•
rNet- income,
r
evidencing
annum
/rate
maturity and after maturity at the rate of 4%% per
Jan.
200,000
T—Years Ended Dec. 31
$2,970,057
—r___-
Divs.
Spans
v/ /
y,
.taxes
Applic.
amount
notes
and
'1 V
iiL'i_r__" 5**-437,598
charges
Divs.
the United States. ' The aggregate}
the company may *have outstanding under such
time
of
subsidiaries
V '
Income
1944
51,577
Gross - income
v
Excess
War Department of
by the
of
■
2.11
Consolidated
$2,918,480
opers.—
Income
the company and various banks dated May 1, 1945, under Regulation .V
cf ;the Federal Reserve System, which indebtedness is partially, ^guar¬
credit agreement at one
from
5,912,554
;
wnile "in
purpose
.
income
Income
"
.amount of notes which
fSPower,
the
-.2.11
.
May 31,'45
r-
Co.—Increases
longing to Illinois Tower in
•1:58
- •
Bank Credit—Company
had outstanding indebtedness to banks vo|
=$4,800,000-at Aug. -30, 1945, pursuant to a credit agreement between
,
'
-;2.11
Illinois
Profit
-
of 17,170 shares held in the treasury./• tlncluding 380,000
reserved for conversion of preferred shares, and 173,500 shares
V,/.reserved for conversion of class A stock until the retirement thereof. y\
j';'
"
250,000
.
Trust
("*Exclusive
)
450,000
5.26
2.63
.
/;<
Shares
;
s;
•
5 Mos. End,
i
'
-
$7,427,331
6,241,734
.
1
■■
sales, and. other /;,'.
1
1
'
•
'operf revs, fnet')_*_2_k'$25,200,834 $63,895,884 $58,994,388 $54,575,544
Cost of sales
.21,413,189," 53,115,974-'' 50,069,580
47,581,854
Sell. ■& gen. -exps._i___
I': 1869,164
2,444,795" ""1,721,711 ' 1,390,929
'*785,000 shs.
.
450,000
"5.26
350
of
$7,676,879
848,241
Company filed Sept. 12 with the Securities and Exchange C( mmission a motion which would increase its statement of claims against
jts immediate parent, the North American Light & Power Co., from
$26,000,000 to more .than $36,000,000.
Back in 1931, the subsidiary
charges, North American .Light and
Gross
be
180,000 sbs., 4;--190,000 shs.
conv.pfd. shares (par $50)
'
./
:
Authorized n! .-Outstanding
$6/000,000
$6,*000,000
•
sink, fund debs., due Sept. 1, I960cumu.
• •
Power
never
_
$1,042,924
"
American—
^
,350
/ Statement
i
Other
''
Illinois
.
2.63
''•:s.':">.-';5.26
.
870,813
p.
600,000
,2.63
,
,
$1,056,870
i_
673.
450,000
250
Bros..&.Boyce___y
Watling,-Lerchen :& Co.iii^
450,000
income.___
(—V. 162,
250,000
450
Co._LLl-_
Net oper.
Net income
450,000
-
7.37
.
•
350
Inc,______
-
5.26
;
'
850
Stein
represented by -such .certificates which
of the following-on,or .before
share
-
&■^ Co._ifiL_if;iii_ii_-
tym. CI Roney &
the'office of any one
at
-
.850
Fenner &
•
Reynolds
-accepted by the surrender of certificates for the class A stock, accom-
..
Corp._,
-
2.63
850
Beane
600,000
2.63
-
•
1,200
450
Merrill Lynch,'Pieroe,
outstanding
The-exchange offer
exchange offer,
;
___
:
5.26
,450
-
Brothers850
Mellon Securities
E.
-
'
450
Langley. •&
•
Lehman
price
"
450
Co.__l____i_
1
:
Operating revenues— $11,398,857 $10,580,520 $79,217,267 $74,137,269
Operating expenses
8,300,020
7,676,762
55,917,992
52,424,307
Operating - taxes.
;2,04i,yb7
1,863,834
lo,b22,Ji/6
14,385,631
:
'5.26
850
Weeksi____
&
'
"1.58
850
Inc
'
1945—7 Mos.—1944
2.63
.,250
Co.,
Co._i__^__i_
C.
exchange offer is open and
expiration of such
&
1945—Month—1944
revenues..!! $11,461,331 $10,600,238 $79,334,191
$74,253i297
Uncollectible oper. rev.*-".*.,
17,474
,
16,718
116,924
116,028
100,000
' i-7.37
450
Higglnsort Corp.i__i___.___
W.
available to all per-;
become holders of the class A stock prior to the date
or
&
Kuhn,.Loeb
basis "upon the payment of $5
subject to the following terms
share
for
company
Co.^^______-
150,000
July 31—
Operating
'
'
1.58
;> .' 1.58
.
^
Period End.
-
800,000
2.63
•
Illinois Bell Telephone Co.—Earnings—
;
$800,000
10.53
1,58
1,200
Co.. (Inc.).
Ac
Hornblower
J73.500 shares of class A stock the right to exchange such shares for
per >share
Ripley
'
r/i,
250
Inc
Kidder, Peabody & Co._z____
f:J <of the outstanding class A stock above stated, will be $7,135,194.7);;//,/
j
&
-
Amount of
250
250
-
Sachs & Co._i_
Hall
Harris,
and
above
expenses
Co.,
Michigan Corp._i
Harriman
dis¬
&
Dillon
Goldman,
cash
net
debentures
Read
of
First
thereon.
accrued dividends
exchanged,
are
the
;
•
1283
Debentures
10.53%
«"•
450
"
Goodwin, Inc/_if_i_^i
Eastman,
Tf all the 173,500 preferred
proceeds, including the proceeds
the 16,500 additional preferred
shares, disregarding any accrued dividends and after deducting the
V; -hgrgegate minimum underwriting compensation of $326,500 - and- esti:mated expenses of $117,306, will be $7,308,694.
If none of the 173,500
'-""preferred shares is exchanged, the balance of-the net cash proceeds,
:
; Including the proceeds from the sale of the debentures and the 16,506
additional prierred shares, disregarding any accrued dividends, after
'»
deducting the aggregate maximum underwriting compensation of $500,
regarding the
&
Dillon,
The amount required
would
Allyn & Co., Inc._f.i___
Julien Collins & Co.____^
unexchanged
preferred shares will be applied by the company to the cost of rer
-deniption, on or about Nov. 17, 1945,-of all of the unexchanged shares
class A stock to the extent of $45 per share plus dividends, which
"
Securities
Bond
available'.
are
&
Baker, Weeks & Harden---...*^.
for
•-% of
Unexch. Shs.
Add'l Shs.
Co._;:_______v 1,775
\
Corp,-____i____
1/775
,
Davis
H.
Union
'
Purpose—To
No..of
.
Name—
Stock
,
CHRONICLE
in
the-United
States
as
needed,
and export licenses are available.
when
{
company
will manufacture or assemble motors, ; trans¬
formers, generators, switchboard and switchgear, refrigerators, home
radios, and household -appliances under agreement with Westinghouse
new
for licensing
by the end
The
also
sale
will
branch
also
and for technical assistance.
limited production :before
to.be in
tion
act
and
.be
as
The new plant is expected!
the end of 1946 and in full produc¬
,
distribution
of
imported .goods by the new company
It
will
take over the existing Mexican
-Westinghouse rElectTic .International Co. "and will
distributor in Mexico lor imported Westinghouse'
heavy
substantial.
business
equipment,
of 1947,
of
including
central
station
and
transportation
apparatus.
chines,
many
agent for
househo d
A subsidiary will act as sales
other American companies manufacturing diversified
and radio equipment,
a"louts'1 Csf
company,
the_
a major step in the
received the complete
Undoubtedly the new industry
project represents
therefore, has
"This
and,
Mexico
Government.
ican
Total
revenue
$22,277,439 $21,888,895 $45,333,488
—
$44,530,287
8,520.259
1,315,866
17,402.584
2,798,121
17,828,314
taxes)
2,182,664
2,150,525
4,373,906
$10,307,502
Int.
dis¬
funded debt and
on
debt
other
Int.
H.-
I.
of
Luis G. Legorreta, Evaristo Araiza, Doctor
de Fierro y Acero de Monterrey, S A., Carlos
1,938,335
3,487,070
4,393,652
362,250
1,007,350
Ended June 30—
Six Months
1,501,663
$9,850
1,581,522
$1,508,522
476,241
$1,591,372
474,533
$6,860
""
—
—
Royalties
1,731,910
1,731.916
3,463,489
3,463,470
income
Total
—
Fed.
for
Prov.
»nd expenses
sales
of
Cost
—
income
Net
V'
in
U.
$1,175,774
1,996,835
1,887,568
373,368
58,850
banks
Cash
$1,121,771
:,;
1944
386,176
.':'V
'
/
58,850
Treasury
S.
—
_
profits tax
acceptances receivable——
refund of excess
.Post-war
and
Notes
;
bonds
receivable
Accounts
Inventory
and accts.
Notes
Fixed
assets
Prepaid
> Total
10,289
9,540,119
120,735
9,676,839
228,445
115,138
Int.
2,198
110,365
Amort,
Deposits
on
contracts
—
•Prov.ifor Federal, State
-V.
to
Cash
Invest,
miscell.
Advances,
Property,
and
Good
lndebt.
and
in
trade-marks
and
j.will,
patents,
charges
Deferred
5
-
.
...
Notes
to banks
payable and accrued
payable
Accounts
Dividends
Fed.
U
' *\
*
*
'
subordinated
refund
of
Reserves
value $1
(par
surplus
15,
1954)
940,500
—
Earned surplus
942,324
3,941,273
non-recurrent profit
non-operating and
a
estimated
including
income
net
saving
tax
it
reasons
is
4,032,901
•This balance sheet gives effect as of April 30, 1945, to the follow¬
ing proposed transactions; (1) The acquisition by Internatiinal Detrola
Corp. of all of the outstanding capital stock of Rohr Aircraft Corp.
in consideration of 290,000 shares of International Detrola Corp. com¬
mon
stock, and payment of $120,000 for commissions in connection
therewith, and (2) Merger of Utah Radio Products Co. and Universal
Cooler
Corp.
349,748 V2
into
shares
connection
of
R.
Herod,
President and
a
Detrola
stock
common
therewith.—V.
International
W.
International
162, p.
International
of
issuance
Detrola
Co.—New
Vice-President,
Executive
He succeeds Clark
director.
the
Corp.
in
1171.
Electric
General
formerly
of
and
Corp.
after
20; years as President,
Mr.
of the. executive committee and as
Minor
a
H.
will
President—
has
been
continue
director.—V.
Chairman
as
Expense*
1943
$30,382
-
5
Air
who
Corp.
in
Forces
elected
was
-
$32,163
$49,082
—V.
Opera¬
this corporation.
of
1945—Month—1944
1945—7 Mos.—1944
$3,338,549 $24,180,242 $22,278,320
$3,201,544
162,
673 and 248.
pp.
,
.
,
.
.
.
76,463
67,286
74,377
of
Manager,
Export
Hoffman,
company.—V. 162, p. 782.
the
has
Vice-President
elected
been
<
Iowa Public
*$25,295
*$9,802
269,332
on
240,567
sale
Net profit
income
Federal
%
$223,250
$205,441 *
taxes__
V
Operating
revenue
$67,229
Operation
profit
Charge In lieu of additional
'»
and. excess
of
$223,250
$67,229
■
*$26,060
30,
1945, the net asset value of the 489,973 shares of
corporation outstanding was $4,225,738, or approxi¬
of
C'
-
.1
■*.
,
C
Balance Sheet, June 30, 1945
at
cost,
vances, $3,222,193;
•
.
$299,906;
receivables,
$1,340;
investments
and
provision
for
1944
Federal
income
tax,
ad¬
total, $4,025,079.
LI*^11 tiCT~Accounts payable, $15,023; provision for general
$20,894;
$37,607;
taxes'
payable
to
eon«pTonf200,000;^COmmt°n stock ($1 Par)- $489,973; capital surilTo
earned surplus, $373,906; total, $4,025,079.—'V. 161,
^rT
■
-
-
'
>•
47,068
,43,343
41,498
————L—^
$1,256,995
605,445
$1,313,670
639,801
$651,549
$673,869
334,903
334,903
$316,647
$338,966
$0.32
'and' other deductions..
Dividends accrued'
on
-
*11..
preferred stocks..
'
'
;
year.
will cost approximately $2,000,000.—V. 162, p. 879.
President.
President to succeed M. L.
named Chairman of the board.
;.«•
1632.
161. P.
,
/
'
;
—
———
_i
Maintenance
————
taxes—i—„——
income
and excess profits taxes
Federal income
income
Operating
$4,701,229
$4,677,451
—
—
4.375
16,591
$4,681,826
1,641,731
$4,684,638
1,640,026
$3,040,095
(net)
income
Other
,
taxes.—"
local and miscell. Federal
State,
v 1945 '
1944^'
$23,424,240 $22,096,217
1,004,054
796,978
7.904.129 • 7,464,880
1,101,370 ■ 1,025,743
2.254.721 % 2,192,584
2,139,699
2,126,608
* 48,702
85,528
4,294,111
3,702,663
I'.
'
operating revenues
'.
and electricity purchased for resale.——_
Gas
.
Light Co.--Earhings—
12 Months Ended June 30—
income
Gross
$3,044,611
•-
—
—
——
deductions—
Total Income
income
City Southern Ry.—New Chairman—
Chairman of the board to suc¬
Mr. Deramus, who is also Presi¬
will occupy both offices.—V. 162, p. 1171.
Deramus has been elected
Livingston Delafield.
Keystone Custodian Funds, Inc.—Extension
:
—
Earnings per share
162,
on
shares.
412,000 common
986.
p.
,
,
$0.76
1945
15.
oper.
Other
Prov.
$396,411
$5,155,357
$4,978,720
2,510,491
2,451,659
32,525
27,400
572,500
411,900
51,319
profits
the amount applicable to each certificate with warrants m a
management fee special account, now held by the Pennsylvania Co. for
Insurances on Lives and Granting Annuities, Custodian, and established
the
for
48,947
595,845
577,464
40,000
40,000
480,000
their
oper.
$75,972
earnings...
$79,535
$996,520
$1,057,696
3,510
43,369
41,519
Total
Int.
on
-■
net
2,726
& exp.,
of
>
162, p. 673.
$1,039,890
$1,099,216
577,913
47,040* '; 560,108
46,475
disct.
11,874
etc., deducts..
Net income
—V.
debt—_
debt
$83,046
$78,698
earnings—
funded
Amortiz.
■
-
with
an-
and
upon
become
by
or
payment thereof on
amount
will
net
if any,
the
3,000
value
,
of
amount
*
the credit in
due in
"
-
,
the management fee special ac¬
1/lQth Appreciation War¬
respect of the
all
full
certificates,
to
to Oct.
those
7,000
shares
of
inclusive, be reserved lor issuance at
1945,
14,
"S3" full certificates
during the period from
the
full certificates will
shares of "SI"
15, .1945
affer.
a:
paid in cash to holders of certificates with warrants.
holders of certificates with warrants to become the
be
of
of
received.
is
excess,
over
enable
Aug,
Such payment may be in cash
sufficient number of shares to cover the
due, such option to be exercised by such holders at the time
statement
The
count
prior'to Oct. 14, 1945, such holders
or
holders of full certificates.
liquidation
the
holders of certificates with
warrants
accepting
* .*
the
••
with
warrants,
the holders of
which
do not-accept
this
480,000
taxes—
retirements—
income
of setting aside until liquidation of certificates
proportion of the l/730th of 1 r/r* daily (V2 of -19c
purpose
warrants
H nually ) management fee deducted from the Fund since Nov. 18, 194G.
;
The excess, if any, of the amount due in respect of the l/10th Ap¬
preciation Warrants over the credit in the management fee special
account will be billed to the holders of the certificates with warrants
offer,
ance
j
Net
amount due in re¬
if any, of the principal portion of the net asset value over the
principal portion of the sales price plus the sum of special distribuL
tions of realized profits since Nov. 18, 1940.
There will also be com(-
Certificates
taxes
for
fee—com¬
of the l/10th Appreciation Warrants appurtenant to all certifi¬
with warrants will be computed. ; Appreciation represents the
cates
and
1945—12 Mos.- -1944
200,528
<
205,311'
maint.— *7
income, &
management
their
of
receipt of the acceptance of the offer, the
Upon
spect
holders
of Del.- -Earnings—
$405,128
earns.—
&
exp.
& Fed.
settlement
the
upon
senting to the application to their certificates with warrants of those
provisions of the trust agreements as amended governing full certifi¬
cates.
These differ from certificates with warrants in certain re¬
To
Oper.
Keystone
of
holders
to
offer
"SI" and Keystone Appreciation Common
puted at the time' of acceptance of this offer in exactly the same mamner as it would otherwise be computed on Oct. 15,
1945—and by con¬
rants
"
1945—Month—1944
Offer—
High-Grade Common
Stock Fund "S3"
certificates with warrants dated Aug. 15, says in part:
•
It is announced that outstanding certificates with warrants (issued
only prior to Nov. 18, 1940), by their terms, will terminate and be
liquidated on Oct, 15, 1945.
At that time, the management fee due
with respect to the appurtenant l/10th Appreciation Warrants will be
computed and deducted from the final liquidation value.
This extension offer enables holders of certificates with warrants to
continue their investment in Keystone Fund "SI" and "S3" beyond
extension
Stock Fund
a
Balance
Other
prepaid and deferred items, $8,304;
$40,000,000
puted
—,
AoA«8f^~Cash' $493-336: u- s- Govt, securities (quoted market value
$300,022)
experimental factories under
expansion program
to employ 25'e more workers
10
a
be
to
Kansas City Power &
577,954
686,359
;
$1,272,173
pproxi
' v
'
v
•
c
».
excess,
$1,213,651
'
stock
k
,
Period End. July 31—
t
by
Btntley 8. Handwork has been appointed
314,764
708,902
earnings from operations.——————— ;
Other Income (net)——r—.
38,000
$126,445
mately $8.62 per share.
,
Federal income tax
profits tax
Net
State
June
..
337,425
703,687
41,002
656,457
905,219
————
—
for
excess
As
$6,365,015
2,757,795
depreciation
Amort, of utility plant acquisition adjusts.—
Taxes (other than Federal income)
Federal income and excess profits taxes
Provision
*$26,060
•Deficit.
common
——-
-——
Maintenance'
Gross
Net
6
Joslyn, who resigned that office but was
1944
$6,806,089
2,948,648
—-
—
Iowa Southern Utilities Co.
79,000
•
Sept.
on
Joslyn Manufacturing & Supply Co.—New
>16,259
130,523
Center—
announced
were
spects.
The acceptance of the offer must be received by Keystone
Custodian Funds, Inc., the trustee, on or prior to Sept. 30, 1945.
the J2 Months Ended July 31
1945
—V.
of .securities
Service Co.—Earnings—
Statement of Income for
68,070
•$35,123
Research
the fields of building materials,
center in
Rassweiler,
F.
tion Co.,
Oct.
Corp.—New Vice-President—
Intertype
Frank
•
.
C.
An
,
,
Department Stores, Inc.—August Sales—
Netvlncdmc:
$58,268
and depletion of
income taxes.—
Vice-President in charge of research, said the
located in Bound Brook. N. J., will provide the
largest facilities in the world for development of building materialsand industrial products.
The first building, which is being erected by the Turner Construc¬
New
—
•;
European Theater of
the
Vice-President
a
,
Communications
Chief, of Air
was
782.
p.
Interstate
1942
■<
$46,082
,—rL!±~
—
Net profit
Profitr realized
its best prewar
In
center,
new
will
1944
1943
$56,624
Corp.—Plans
research
new
ceed the late M.
Dixon,
States
Sept.
on
162,
Interest charges
Corp.—Earnings-
1944
$217,106
expected to enable the company
Kansas
161, p. 1882.
1945
6,Mos. End. June 30—
Total income
a
and
William N.
alphabetical
Telephone & Telegraph
'
...v/r,
\
P.
George
.
-.v'jNet''Earnings
International Mining
for
is
than
always
not
elected
Minor, who is retiring
1945
$324,666
782.
alphabetical
possible.
as
Period End. Aug. 31—
$44,636,445
—
$77,505
Inc.—Earnings—
provision for depreciation of fixed assets
and oil properties and Federal and State
p.
Net
mechanical
Sales
6,842,109
——
——
91,800
'
of
*
Total
91.800
from the sale of properties and investments
to arrange companies in exact
However, they are always as near
United
all
tions,
1.129.749
—
;
_
1,490,744
•4,411,070
86,755
share)
a
1
—
630,923
,1,824,566
above
and
International
Colonel
153,337
20,539,632
lest.)
;
stock
Common
Capital
Sept.
deben. "(due
convert,
899,568
representing the excess
the written down book values of the properties and
Vice-Pres.—
7,461,462
contract profits
war
Cr637,980
Cr995,694
$3 450,000
———
100,952
120,304
—
—
——.
dent of the company,
—V.
—
&
inc.
on
$44,636,445
•'
expenses
payable
taxes
4'/2%
'
•
Ltd
Co. Ltd—
S. Co.
P.
Depreciation
161, p. 2661.
position
536,564
——*-
—
—
——
-
Liabilities—
the
that
State
NOTE-—For
for
Total
•
Cr626,879
567,749
164,328
—-Li
—
—
$270,257
459.
Operation
'
1,173,134
386,169
*
- '■"?
Cr297,042
842,572
-
subs.
to
possible
3,387,098
$3.856,635)
of
13,243,449
12,956,652
6,410,247
2,300,827
order.
71,563
and sundry assets—
(after res. for depreciation
investments,
and equipment
plant
amortization
$276,804
—V, 162, p. 459,
2,276,427
exc.
104,199
$19,195
Total
7,423,497
—
162,
—V.
profits
sold
$292,549,—V.
12,806,395
profits taxes (est.)
of subs, cos., not consol. (less res.)
Fed.
of
105,028
5,958,555
454,362
'
3,425
44,347
2,785,225
282,562
foreign
addition
522,997
and State taxes-
—
refund
Post-war
52,536
88,674
2,984,685 V 5,547,056
228,339
516;492
! 1 '
1,712 '
1,712
&
$1,430,575 was realized
10,070,614
$70,907)
pending for refunds of Federal
Claims
Inventories
1,242,134
6,980
;
1,367,396
Government securities
receivable (after reserves of
States
Accounts
1,192,517
630
164
taxes
of sales prices over
$13,433,067
—
,
United
618,791
3,599
594,371
reserves—
investments
Assets—
v'
1,665,400
during the first six months of 1945; such profit
1945
Balance Sheet, April 30,
Forma Consolidated
•Pro
other
excess
•In
Corp.—Balance Sheet—
■$374,456
105.204
industrial products
Lewis H. Brown, President.
The research
center will provide
one
roof.
It is the first project in
10,540,942
3,355,430
profit,'!—
of
International Detrola
disc.
Net
V. 161, p. 1882.
729 and
p.'
1,956,637
10,143,989
3,384,986
debt.
——
transf.
>
$13,502,163 $13,584,865
—
2,031,582
5,491,291
debt—
credit
of for.eign
tax
;
Earns,
993,064
5,184,055
1,742,965
adm. exps.
debt.
&
taxes
;
Post-war
10,000,000
2,337,761
10.000,000
2,619,274
—
160,
1,026,854
■
—
——
Canad.
64,347
56.650
64,347,,
76,038
(net).
..
$382,008
8,640
$64,699
p.
sulphur
Dr.
68,763,625
6,391,147
72,161,412
7,379,311
-35,591,628
3,427,226
.
de-
&
U. S. Fed. & State
------
;
37,558,882
3,758,344
—
funded
of
J.
Johns-Manvilie
ma¬
repairs,—.
freight
on
*27,635
$29,618
paid—J. P. S.
insulations
60,013,141 121,484,272 116,835,091
63,817,358
——
_
other
on
Dr7,488
8,669
earnings
Plans
ir..
118,431,254 114,430,722
3,053,018
2,404,368
889,365
Depletion ————— '
Div. on pfd. stk. of sub.
943-?10
570,660
and other taxes——
Account payable to affiliated company
Reserve
for contingencies
i—Reserve
for post-war adjustments
Capital stock (600,000 shares no par)————
Earned surplus—
—
$
59,123,775
Depreciation
$54,667
$22,406
59,500
liabilities
payable and accrued
Total
Interest
fC,
,
"Accounts
$262,620
1945—6 Mos.—1944
$
,
1,367,031
labor,
Sell., gen. &
$13,502,163 $13,584,865
-—
1
-
62,450,326
expense
——
.".'Liabilities—
$
(net)
livery exps.
-
.044
Dr5.082
$38,287
...
requirs.,
162,
•Net
Subs.)—Earnings—
(&
1945—3 Mos.—1944
discts..
&
taxes)
Outward
—
-J-----
31.600
»
less returns,
Mainten. &
55,041
——
and expenses
taxes
Paper Co.
income
come
S787.091
Drl,508
Jefferson Lake Sulphur Co.,
V.
terials, etc.
82,836
(net)—
etc.
licenses,
$185,519
Pulpwood,
30,865
not due within one year-
rec.
rights,
patent
Patents,
<
54,069
—
—
$319,416
sales:
of
Cost
1945
Assets—
$84,024
Income
Total
30
June
Sheet,
Balance
384,489
$0.81
share.
per
14,464
allowances
Other
$29,344
$38,383
6 Months Ended June 30—
—_
Gross sales,
\i
Dr96
t
income.
(net)
"
406,044
415,883
160,193
-201,660
——■'
360,000
100,000
Balance
1,051,413
1,051,413
525,706
against
Period End. June 30—
$483,602
360,000
$0.86
Dividends
divs.
"
$517,673
'
„
div.
Com.
—V.
525,706
subs,—190,473
28,608
adjustments—
income
Net
100.000
income
Net
'
on
International
1
8,333
deductions
'After
43,958
23,323
corporate taxes
Provision ior post-war
Other
'. '
—V. 162. P. 459.
560,672
491,28o
profits and inc. taxes
exc.
152,488
8,333
Income
Gross
Income
Pref.
subs
of
charges
Deficit
151.069
oper.
'
—-—--—
,
159,061
16,264
10,680
—
full
declared
income of
198.447
accruals-
res.
Utility
-
pfd.
subs.
on
stocks of subs.—
Minority interest in net
'
721,626
ll,4y3
...
Retir.
704,550
pfd.
Other
$1,515,121
733,908
13,152
—
Maintenance
,
accrual basis not cur- r
1944
$1,570,516
61,722
revenues
Operation
3,988,195
5,297,213
-
-
on
requires,
rently
1945—12 Mos.—1944
$121,574
58,959
Operating
596,097
2,445,195
1,694,584
stks. of
A
(& Subs.)—Earinngs—
1945—Month—1944
$135,093
-v
& excess
inc.
income
Machinery Co.—Earnings—
1945
Sales
cl.
&
Div.
515,416
2,582,434
„
.—
taxes
declared
Divs.
Comision Federal
Electoteia&a,
Antonio
Director General, National Financiera,
S. A., Pablo Diez, President, Cerveceria
Modelo, S. A., ana
Ernesto Spitalier, Partner of Al Puerto de Vera Cruz. S. A.
Executive Director,
Espinosa de los Montoros,
Ulloa,
International Cigar
by
Jamaica Public Service, Ltd.
"
profits
are
held
shares
30 cents. -
Chairman of the board, reported that the net asset
totaled $63,952,878 as of Aug. 31,- 1945. with
approximately 37,000 shareholders.—V. 162, p. 782.
corporation
Other income
excess
taxes
Canadian
797,040
551,600
&
Income
8.
797,040
; 286,738
257,646
—
profits
&
directors
and Dec. 27,
Crabb,
the
of
Taxes
398,520
°
chgd.
deprec.
for
against operations
U.
of
Mexican
E.
Earl
value
disct. &
expense
Prov.
Mit¬
'C;N
398.520
System
Amort, of debt
r®pre^"tJ:
4.728,012
4,525,028
2,358,339
2,256,991
subs.—
of
debs,
on
£1.
$9,902,244 $20,758,876 $19,897,458
pay¬
26
Period End. June 30—
Gross
United States
Walker
Ramirez
2.464,436
Sept.
cents each,
20
in-
than
of 26 cents per share,
to stockholders of record Sept. 12.
This compares with
20 cents paid on July 16, last, and 10 cents on April 16, 1945.
PayT
ments in 1944 were as follows:- April 15. 10 cents; July 15 and Oct. 16,
able
4,340,078
profit
come
8,346,324 r
—
—
(other
Taxes
Department
General, Cia Fundidora
954,018
1,440,947
Maintenance
formerly of the Associated Companies
Electric International Co., will be ®e"fra*
of tne
new
company.
John A. Cowan, formerly Westinghouse
tributor in Mexico, will be in charge of sales.
TTni»«»H
states
Among directors of
the new company representing
investors and interests will be Sir William Wiseman and Elisha
of Kuhn
Loeb & Co., John W. White, President of Westinghouse Elec¬
tric International Co.. and Samuel H. Vallance. New Yo^
tive of Inversiones Latinas, S. A.
They will also be members of t
United States Consultative Committee, together with <Charles E
chell, Chairman of Blyth 8t Co., Inc.; Joseph P. Ripley, <Chairman
Harriman Ripley -It Co., Inc., and Alfonso Manero of Glore, Forgan
•.
$43,576,269
exps.,
incl. pur¬
chased
power —
industrialization of
Westinghouse
of
$21,715,827 $21,358,687 $44,298,111
561,612
530,208
1,035,377
_r„
(net)—
Oper.
support of.the Mexwill benefit Mexican
eCJose R.gBejarano,
revenue
Other income
Legorreta, Director General of the Banco Nacional de
A., who will also be President and director^ of
ne:w
stated in simultaneous announcement of the new enterprise
8.
Mexico.
Operating
Inc.—Dividend of 26 Cents—
declared a dividend
have
directors
The
1945—6 Mos.—1944
1945—3 Mos.~1944
June 30—
Period End
Investors Mutual,
<& Subs.)—Earn.
International Hydro-Electric System
conditioning and refrigerating ma¬
air
apparatus,
X-ray
elevators
Monday, September 17, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1284
$20,348
»
'
13;965
154,945
$22,039
$324,836
<
161,987
$359,315
will
with
be
terminated
liquidated on Oct.
certificate.
and
15,
1945,
in
the terms stated upon the
Annual Reports—
$135,000,000
as
•
.
assets of the
Combined net
;
.
ten Kevstone Funds
with $88,000,000
compared
accord¬
.■
last
now
year,
total
it
more
was
than
disclosed
by this corporation in its annual reoort of th» Lov Pricecd Bond Fund
Series "B3" and their annual report of the Low Priced common stock
fund
series
"S4"
for
the fiscal
During the fiscal vear,
year
ended Julv ,31,
1945.
total net assets of the series "B3"
fund
in¬
creased from $20,980,394 to $25,058,077, reflecting
net
asset
value
per
standing on July 31,
share
from
$18.19
for
the
1944, to $19.49 per share
an increase in the
1.153,265 shares out¬
on
the 1.285,630 shares
Volume
162
| outstanding
Number 4421
on July
31,
1945.
THE COMMERCIAL & FINANCIAL CHRONICLE
Adjusting the July 31 net asset value
\
share to include the special distribution of realized profits of $2.01
share paid on July 15, 1945, the report shows that the total gain
in net asset value per share
during the fiscal year was more than 18%.
per
Total
with
net
assets
of
the
1,214,859 shares
share
to
$9,762,490
per
share.
the
70
'fiscal
"S4"' fund
with
1,630,639
increased
July 31,
on
special
total
year
distribution
shares
increase
was
the
in
than
more
of
net
31,
profits,
1945,
paid
15,
during
share
per
July
the
on
series
"B4"
."stock
/
totaling $1.35
and
fund
60
series
cents
-'SI."
share
a
The
the
on
Keystone high grade
distributions
to shareholders of record Aug. 31, 1945.
Of the total distribution on the series
the
represents
distribution
and
regular
out
"SI"
series
of
distribution
realized
shares
include
special payment of
a
and
profits.
42
cents
99
shares,
cents
36
cents
share
a
is
share
a
share
a
distribution
on
50
March
cents
shares
15, last, there was paid 35 cents
the
on
and
shares.
"SI"
$1.55
the
on
Total
in
the
on
1.944
shares.—V.
"SI"
the
on
Aug^ 31—
:
.
'
.
.
of
Sales
.J'
g
<g
16,711,324
—V.
162.
'■
$
16,425,456
162,
1943—
1945—8 Mos.—1944
& Beane and
associates announced Sept.
amount in
an
Common
the
purchase
ferred
■7%-
for
hew
for each
The
until
■
each
six
4%%
the
of
the
preferred
new
shares
preferred stock
the
v
stockholders
company
stock
of
were
the
on
4 Va %
of
one
Holders of
of
.
to
pre¬
the outstanding
cash adjustment.
be
available
for
general
corporate
be
will
used
the
in
-further
of
expansion
subsidiaries,
the
or
to which
as
of
number
other
relocation
there
are
existing
of
the
of
stores
for
and
stores
<
Authorized
-
in
Common
stock
♦Includes
Lane
preferred
(no
14,694
stock
194—
in
of
shares
held
Realty Co.—On Aug.
in
:
May
28,
Bryant is
Lane
deep
1945
42,526 shs.
"'269,852 shs.
treasury.
name
six
business
apolis,
operated
Ind.,
wholly
cities
and
owned
ation
in
Society if certain events of default occur.
under
(c»
United
the
(b)
through
mail
a
of
the
number
each has.
Merrill
of
shares
severally agreed
of
underwriters
4!/2%
cumulative
to purchase, are
Lynch, Pierce, Fen-
ner &
A. C. Allyn
Lehman
20.0493
vi
as
and
the
preferred
order
G. H. Walker & Co..„^_..
Kidder, Peabody & Co.1
Mackubin, Legg & Co....
Stein Bros
-
Bioren
10.5817
Consolidated Income Statement,
&
& Co
1945
Gross
Cost
sales,
of
less
goods
Gross
discounts,
etc
May 31
1944
$36,699,127 $32,057,178
sold___
25,093,686
profit
$11,605,441
for
it
5%
,
set
its
as
prior
the
peak
to
cum.
*A
$4,035,087
$3,292,615
rate
Total
Excess
\i
income
of
41,395
an
not
Income
and
profits
in
income
Aug.
:
taxes
profits
for
valpe
31,
2,876,000
of
orders
contract
war
of
filling
hand
of
as
referable
the
to
the
addition,
date
same
post-war
post-war
(Cr)—L___v
contingencies
'
■
287.600
had
inventories
which
for
that
believes
Net
income
Preferred
Common
for
year
dividends
_________
dividends
.
$5,660,000,
/%
.
including
the
the
products
and
war
character
in
similar
are
same
Adjusted
Give
to
Effect
to
Financing
Present
4,016
$513,480
:
5,035
,
.
$262; 456
59,743
167,275
■v *76,721
$461,145
$346,205
*-$185,735
T
loan
None
$2,000,000
pfd.
stock
(par
t250,000 shs.
The
of
the
the
and
company
character
all
at
which
any
Regulation
as
T
have
the company may
one
on
of
rate
overdue
J/4
increase in
of
1%
annum
the authorized
shares to
250,000
is
number of
shares of
'(C)
(B)
(D)
(E)
-
$500,178 $196,246
t(F)
■
„
,
•
$6,916,272
15,268,278
1,655.406
1,140,669
514,737
62.847
570,610
12.729.942
1,304.975
899,388
405,587
81,009
906,474
611,274
295,200
*190,0(?j0
92,613
4,823,866
315,817
128,444
187,373
3,836,250
234,884
68,604
166,280
$696,424
182,361
—
108,284
196,479
4 A)
(F)
3,048,389
Net
sales.
(D)
(B)
Net
Profit
profit
♦Indicates
debit,
before taxes.
before
Balance, surplus.
.
tAfter
-
special
104,120
(C)
—
——
Federal
items.
(E>
160,083
103,865
and.Dominion
Special
Sept. 21.
The old common
stock,
A
no par
distribution
similar
proceeds
deduction
last
year
the old
on
162,
shares:
675.
p.
,
On
June
30,
50 cents,
£
:
■.'
minority
^
/
authorized the borrowing of $2,000,000 to in¬
working capital and acquire other companies,
President, announced.
i ^u/;
company's
Maguire,
.
money is being borrowed from the Society for Savings, Cleve¬
O., and the Mercantile Bank, Dallas, Texas, With the company's
properties
in Texas and
Kansas, pledged
as
security.
Interest
and the loan will be repaid in three years by monthly,pay¬
The
Mercantile
Bank
will
participate
liquidate
from
will
add
$1,677,000
$323,000
a
the Dallas bank.
The
from
to
stockholders
the
unpaid
'
balance
extent
"
of
,/
company's
of
working capital and
earlier $500,000 oil Joan
an
*.
Co.
Trust
acquired
the
authorized
also
Titusville
to
the
'V:
■'-'///
loan
of
Pennsylvania
the
borrowing of up to $145,000
Titusville, Pa., with the company's
oil
property
as
security.—V,
1,62,
249.
p.
Maracaibo
The
Oil
directors
on
the
on
Oct.
Exploration Co.—7-Cent Dividend—
11
Sept.
on
declared
dividend
a
of
7
cents
per
share
330,000 shares of capital stock issued
9
holders of
to
share paid on
record
Oct.
Sept.
and outstanding, .payable
This compares with: &-cents
and on Sept, 17, 1943.—V. 162,
25.
last year,
16,
.
,»!.
•
:/%;-//
//;;->//>
:\';i '>/ "
.
Light Associates
•
V
v/' *
.
;
(& Subs,)—
Earnings—
6 Months Ended June 30—
Gross
operating
'
1,
,
1945
,
1944
-i.
$10,212,097
revenue-/___„_>__/._-—.
income
Other
/
u/—.
$9,915,271
102,210
94,523
$10,314,307
$10,009,7*99
■
/,/;■/
.7■;..
Total
/
•/;// ■%./■/,
- -7
earnings-^v-^-/--,--.^-:
gross
Maintenance
570,399
V"
Depreciation
income_l_-__-_
income_iv_7___^^.:_-;„—
Federal taxes
on
442,026
737,500
-.tv^ftQ-000
1,207,849
other than Federal
Taxes,
^5,012,380
5,228,334
Operating costs
Consolidated
Total
interest
divs.
on-
ujajul il.
At
June
share
30,
of $2
each
for
other
charges__^_
527,884
$815,094
balance
jv-$lSsf,020
s
preferred dividends were in arrears $2.65 for each
1945,
share
2,630
1,414
$52,
:
""$92i',7()0
762,680
—
pfd. shares...
cumulative
$6,395,433.—V.
$f,'463,333
$1,342,979
balancfe
$2
1,25.9,352
,
1,227,244
balance
and
Consolidated
Pfd.
of
162,
totaling $3,368,505, a.nd $2.1.50
preferred stock,
cumulative
$2
preferred
second
stock;
totaling
249.
p.
Matachewan Consolidated Mines,
Tone
Net
of
share
of net
ore
milled
produced
Es(.
&
-
oper.
oper.
Non-oper.
1944
1943
46,806
61,365
from metals
income
Devel.
Ltd.—Earni^s-j^
1945
36,287
Quarters End. June 30—
Est.
of
made 'on
was
stock outtsanding prior to the. thre£31, 1945. received 50 cents per share, Which
quarter during 1944.
In addition, the following
March
"costs—
profit„L_
revenue
u
1^42
_
85,337
-•
'
$116,307
$129,522
$183,144
116,334
113,056
144,138
f°$27
$16,466
! '%$63,098
808
' / $39,006
'
726
$17,274
14,413
$39,732
2,482
^ "££*,598
1,635
"
——
822
"
'
,
-13
$252,732
199,634
^500
.
credit.$
-
profit
subsidiary.
Purpose—Net
r"itl
dividend of 37V2 cents per
value, payable Sept. 29
quarterly
a
$10,698 $203,671
120.099
74,670
a
481,198
7,102,127
taxes.
v..
the
-Cent Dividend-
30. $1.50.—V.
Consolidated
"
Out¬
-4"
week ended Sept. 8, 1945,
with 31,440,000 kwh. for the
decrease of 29.9% ,—V. 162, p. 1172,
record
stock from
common
shares,
(A)
(5 Mos.)
• Iv'-v. "
(Ky.)—Weekly
A' '*
declared
$0.06
1. 't,.
-
payments of
per
1940
220,100
the
The
-
time is $2,000,000 and
notes issuable against loans thereunder will bear interest at the
of 3I/2%
per annum until maturity of principal and 4%%
per
agreement
year,
$0.12
t
,
Co.
$400,000.
Continental
known
commonly
amount of notes
aggregate
under such
have
paid
will be 47*,
25,000 shs.
150,000 shs.
125,000 shs.
(par $25)—
$3)
between
$0.15
■
"""v'.;-
r^
Massachusetts Power &
207,196
49,345
55,338
Electric
&
-
23,072
191,219
oil
Outstanding
25,259
.
182,543
$257,421
$520,888
■?■*■>' $0.11
Gas
each
987.
,;/r:'
26,452
48,608
238,413
$509,464
399,790
.■
,,$465,550,
,
paid
Dec.
ments.
per
127,192
191,369
15,686
stockholders have
The
land,
manu¬
1942—i.
1,663,820
of
were
The
those pro¬
to
the
by
produced
largely
are
146.551
45,840
$455,6^0
'
$337,360
on
was
on
crease
serious mechanical reconversion problem inas¬
232,455
255,158
/
28,842
split-up
Russell
31, 1945, unfilled orders of
uncancelled balance of war.
Aug.
on
2,606,915
104,037
29,334
;
Maguire Industries, Inc.—Bank Loan Approved—
such inven-
3,838,588
$595,502
?.'
1942/*.
1943/
$418,897
last.
30,
rate
and
of
1937—
159,862
$827,212
28,189
the outstanding common
on
June
reserves
1938—____
$738,867
$893,530
575,429
V
holders
above.
wartime
to
thereunder
1943
'
$1,063,581
1944
$390,055
directors
share
to
termi¬
no
adequate
loss it may sustain on
any
hand
on
agreement
of Canadian
;
-
32,520
161, p. 2448.
The
esti¬
13,239
54,700
retirement
"'"v-v-
$998,004
Loew's, Inc.—37
uncan¬
company
excess
business
war
Company
above-mentioned
the
In
60,824
271,700
for
reserve
1945
^corresponding week last
were
13,031
2,192,300
^
$97,800;
Exploration Co.- -Earnings—
Electri© output of this, company for
totaled
22,038,000 kwh., as compared
0.00%
—
12,950
-
$120,000;
(net),
leases
Louisville
31, 1945, it had on hand an
referable to war business which
contracts.
filed.
1945
•
excess-
taxes
bonds,
$2,899,493.
(except Federal
refunding participating 5%
cumulative
$535,744; common stock
(par $5); $1,$134,458;
earned
surplus,
$662,159;
total,
etc.
put—t.'
of Aug.
as
$100,000
to. cover
forth
conv.
1939
"
Ul-—340 600
$244,574;
0.61%
$2,582,852
______
value,
total,
$16,743;
expense,
,
11.58%
—
Summary of Earnings (Company and Consolidated Subsidiaries)....-*..
*.
'/
;///%//,• ////* /%'•;';;
of
operations^
$73,159;
$10,079),
$100),
income
for-one
$3,334,010
84,554
declared
Refundable,
Res.
over
used
expense
of
market
or
$57,237;
income
—V.
the following percentages of
Cal.
28,482
_7___—$4,077,135
expenses
premises
Interest
Excess
—
refunding
Earnings per share—
Government
1941_„_„
—
income
(Series F and G—1954*)
reserve
cost
81,536
in
principal.
A commitment fee at
payable on the unsused portion
of the credit.
Company has made no borrowings against this credit.
tOn Aug. 8, 1945, the shareholders of the company adopted amended
articles of incorporation authorizing the 25,000 shares of 5%' cumu¬
lative convertible preferred stock, being the shares now offered, and
the
$2,554,370
42,048
Balance
of
payable, $24,766; accrued taxes
$19,428; Federal taxes on income
income
Net
$551,210; sub-contracts, $1,923,1945, the company'.siijl had an
contracts,
purpose
be
up
stock
loan
•annum
*
Interest
(less
lower
leasehold
!
Total
extras
cancellations
war
on
can
Years—
6,356,498
Other
door
Illinois
National Bank & Trust Co., of Chicago, 111., and the Winters National
Bank and Trust
Co., of Dayton, O., dated Jan. 26, 1945, provides for
the
$8,910,867
6,829,716
Sheet, June 30, 1945
lease
taxes,
abandoned,
other
year
which
of
Authorized
outstanding
97,275
$10,122,331
of
income
gas
Profit
s
Loans.
$8,813,592
7,730,496
$1.10
depletion.
and
cream
many
'
adm.. expenses—
$0.43
expenses
p.
loans
17.973,377
$11,765,583
and
gen.
187,185
$0.35
$141,3y4; property, plant and equipment
depletion of $1,997,043), $1,709,895; prepaid
and
(par
expenses,
recently
Common
,
Total
Selling,
and
war,
1940—
As of
its
had
set
..♦Regulation
^
$10,005,464"
32,144)
124,790
3 Mos. End. June 30—
rentals,
com¬
1941
prime
the
of
Capitalization,
7.0545
160,143.'- 116,867
stock
Net oil and
facturing facilities.
$26,786,969
22,051,714
tools
1942——
approximately
company
150,000
Commissions from leased departmts.
and misc.
operating income
of
been
duced
1943
-
1945,
follows:
claims
much
2.3515
Years Ended
the
to
agencies have been
The company has no
which
2.3515
$290,872
32,144
62.3U5
assets,
and
taxes,
Operating
the
which year approximately 341,000
company's sales volume
(including some
the
$2,475,061..
approximately
4.7030
Boyce
other
on
Admin,
periods indicated:
August,
as
contracts
10.5817
Co., Inc.-'- 10.5817
Blyth & Co., Inp.
10.5817
Eastman, Dillon & Co
10.5817
&
machine
17.42%
that
The
Co.> U—_-10.5817
&
$122,305
32,144
*
/' tories.
follows:
Brothers
Wertheim
the
balance
have
percentage
stock
jacks,
amounted
approximately $250,000
The business of the
company and its subsidiaries is conducted prin¬
cipally in the fields of popular, medium and upper-medium price lines.
the
l;
aid
38.20%
mates
through
of
$102,480
Balance
Louisiana Land &
The
42.40%
acquired
nation
name
with headquarters in Indian¬
"Lane Bryant" departments in stores of
operated under other names; (2) the oper¬
name
for
total,
was
rented
Underwriters—The
on
burners,
The company estimates that
same
wholly owned subsidiaries of retail stores and one
department dealing in misses and women's wearing apparel;
(3) the operation through a wholly owned subsidiary of retail shoe
stores under the name of "Coward
Shoe", a business founded in 1866;
and in
addition the operation
through wholly owned subsidiaries of
two factories making "foundation
garments" and maternity wear re¬
spectively.
-
and
to Government
inventory
through
subsidiaries
589,352
accounts
247,900;
capital surplus,
$2,899.493.—V. 160, p. 433.
voltages and with many
principal" applications of
bulk station transfer pumps,
unit heaters and blowers, water
pumps,
pump
items)
celled
States,
1st
unshipped and uncancelled balance of war contracts as follows:, prime
contracts; $3,802; sub-contracts, $206,368; total, '#210,170.'; These,re¬
maining' contracts may - be cancelled in whole or in part^'w*-
'
the
well
sold
were
received
is
in
oil
(8 mos.)
851;
women
company
$880,225
$0.11
excess
income),
mortgage 3Va%
preferred stock,
of
pumps,
applications.
Prior
business was 1941, in
During
the pioneer and leading specialist in apparel for
and
maternity apparel.
The business
in
which the
engaged, directly or through wholly owned subsidiaries,
can
be broadly divided into three
general fields: (1) the sale, under
the name of "Lane Bryant", of
women's, infants', and children's wear¬
ing apparel conducted (a) through seven stores operated under that
stout
gasoline
condensation
stokers,
Sales
$1,425,000
1,
1920.
in
depreciation
preferred
1942 *
1943
,
95,631
depreciation
trade
and
or before Sept.; 1,
shares of common stock
$4,212,737,
business amounted to
approximately 0.61%.
History and Business—Business was founded in 1900 and was first
incorporated in New York in 1916.
Company was incorporated in
Delaware
*
$217,936
*
Condensed
$87,474;
insurance,
:
two
frequencies
construction.
for
were
miscellaneous
borrowed
the Equitable Life Assurance
.
range of
mechanical
separators,
1945, Lane Realty Co., a wholly-owned
$750,00Q from Equitable Life Assurance Society
of
the
United States,
which loan i&, evidenced by a 4%
instalment
note of that subsidiary in that amount dated
Aug. 1, 1945, due Aug. ,1,
1965.
Company, among other things agreed to purchase the note from
subsidiary,
wide
a
pumps,
company's
1,000,000 shs.
par)
17,
on
company was one of the few companies in the
manufacturing a full line of the various types of
h.p. to 5 h.p. ratings for general and specialized
1/6
miscellaneous
42.526 shs.
cost,
(after
by
July
held
;
Liabilities—Accounts
the basis of
on
Like
16,072
charges for
investments
approved
was
meeting
air-Compressors, refrigeration
pressors,
meat
slicers
and
choppers, coffee mills, automatic
operators,
generators
for
lighting units,
milking
machines,
100,000 shs.
cumul.
from
total sales
series
4 V2 %
stock
circulators,
Outstanding
$1,500,000
special
com¬
No extras were
73,462
\
"...
share-
com.
per
not
' j:
option of holder, at any time
industry
products
units
instalment note due April 1, 1956
Cumul.
pfd. stock (par $50)
issuable
recapitalization
a
1944
Assets—Cash, $626,254; U. S. Defense Bonds
-
water
Capitalization, Giving Effect to New Financing
3% %
of
last.
share
tne
29.
$45,075
1945—8 Mos.—1944-
$2,422,735 $23,447,282 $21,978,966
at
14,
per
on
Sept.
$175,942
dividends
dividends
'
.
these
present definite plans.
no
at
common
varieties
possible
and its
company
plan
cents
record
•
1945
profit
:
v
-
Electric Co.—Preferred Stock Offered—Otis &
produced
company,
including
Philadelphia, and the
a
into
motors
opening of new stores in Pittsburgh and
moving of stores to new locations in South Bend, Ind., Detroit, Mich.,
.Kankakee, 111., and New York City. The funds may also be used for
modernization
i
-
application/
These types involved split-phase, condenser start, repulsion induction,' polyphase and direct current motors. ; These were
development of the company's business,
the
the
corporation
of
holders
April 16 and July
on
10
of
cents per share
25
of
to
Prior to the war," the
contemplated
is
It
purposes.
sifch funds, together with other general funds of the
:
,
Corp.—Recapitalization Approved—
that
15
47,804<
♦After
V
'/1945—Month—1944
568.
dividend
extra
an
dividend
$92,879
taxes
electrical
cumulative preferred stock.
The balance of such proceeds will, in the
first instance, be added to the general working capital of the company
to
before
Preferred
Company is engaged in the manufacture and sale of electrical
products including electric motors, generators, voltage regulators and
high frequency motor generator sets for powering radio, radar and
other electronic devices.
per
-that
disbursed
were
Common
History and Business—Company was incorporated in Ohio March 16,
1921.
Company has two wholly ;Owned, subsidiaries—Leland Electric
Canada
Ltd., organized in Canada Jan. 31,
1931, and Hi-Lec Co.,
organized in Ohio Feb. 19, 1945.
.
•
•
-
1, 1950, $30 per share, and thereafter until Sept. 1, 1955,
share.
Furpose—rThe net proceeds will be applied to the extent necessary
the redemption of the 7% preferred stock not exchanged for 4'/2%
_
declared
payable Oct.
taxes—
Net
.
($25 per Share) plus dividend
1950,
preferred stock is convertible at any time
1955, unless previously redeemed, into common stock of
Basic conversion prices per share of common stock are:
company.
have
both
taxes on inc. (est.)
Fed.
at
the
$6,630,419 $51,574,868 $47,506,276
Longhorn Portland Cement Co.—Earnings—
♦Profit
for each share of preferred stock, and after Sept. 1, 1950, but on or
before Sept, 1, 1955, on the basis 'of five shares of common stock for
each three shares of preferred stock.
'
'
.Until Sept.
,$35
of
161, p.
1945—7 Mos.—1944
1945—Month—1944
*
,
Earns,
announced
'
Corp.—August Sales Off 1.6%—
regular quarterly
stock,
inventories,
Convertible
■
cumulative
1,
is
par
rights to
share
'
„•
■
House & Co.,
and Curtiss,
shares,
"
paid during 1944.—V. 162, p. 783.
total,
$3,229,001;
15,000
879.
Aug. 31—
directors
the
amounts
(no par),
Curtiss, House & Co. on Sept. 11 offered 25,000
shares of 5% cumulative convertible preferred stock at
offered the privilege to exchange this stock for
on the basis of two shares of the new stock
were
preferred
share of the old preferred, plus a
Sept.
basis
held.
common
offered prior
surplus,
pre¬
Co. and
of the
23,525 shares available for public offering.
The stock
was priced to the public at $51 per share. ^- ^ :
'
earned
The
>
mon
1172.
p.
Leland
1 that
excess
"
*
Lefcourt Realty
It
.19,001 shares, out of a total of. 42,526 shares, of IV2 %
cumulative preferred stock ($50 par) were subscribed for
by stockholders. The group also announced that subscrip¬
tions have been received for
"
"
$41,615;
$2,234,992
162,
1945.—V.
Bryant, Inc.—Stock Sold—Merrill Lynch, Pierce,
iFenner
surplus,
7%
Co.,
p.
162, p. 674.
and
stock.
stockholders
782.
p.
Lane
''
$9,643,314 $10,155,254 $75,648,856 $77,027,703
...
V.
stock
sales
Net
(S. H.) Kress & Co.—August Sales Decreased 5%—;
Period End. Aug. 31—1945—Month—1944
instalments
and
space
Lion Oil Co.—Extra Distribution of 10 Cents—
v
profits taxes (net),
payable
within one
contingency reserve, $366,782;
(par $1001, $646,900; common stock,
Period End. Aug. 31—
133,401,583 126,775,739
~V.
Sales
of
excess
August Sales Declined 7.7%—
<jj
674.
p.
(exclusive
and
the
of
preferred
1945—8 Mos.—1944
1945—Month—1944
\
.
"
'
Income
.
(S. S.) Kresge Co.—August Sales Increased 1.7%—
Period End.
Federal
&
162,
$6,525,043
—V.
additional
of
'
Sales
York. 11 Broad St., New York, N. Y.
,
Holders may receive immediate
payment of the full redemption price
($111.94 per share) upon presentation and surrender of said certificates
"B4"
570.
p.
Period End.
V
V.
•-
shares.—V.
Lerner Stores
$313,-
expenses,
outstanding shares of 7% cumulative preferred stock have
been
called
for redemption on Nov.
10, next, at 110 and dividends.
Payment will be made at the Chase National Bank of the City of New
shares and
"B4"
$1.35
was
162,
prepaid and deferred
total, $10,225,876.
10.C00
the .construction
and
6 Mos. End. June 30—
All
a
'
On
Underwriters—Otis
To Redeem 7% Preferred Stock—
regular distribution
out of realized profits.
as
porary
building space
plant rearrangement.
$2,511,823;
post-war
capital
;
/; $10,225,876.
the
total
share
a
hand,
sales, and credits to customers, $854,416;
$1,071,111;
dividend
declared
on
common
stock,
payable
cumulative
$1,401,822
special
a
The
cents
18
'
,
"B4"
note
ferred
1945,
15,
1945
on
will, $1;
for
$1,300,000;
yeari,
common
payable Sept.
are
cash
prepaid
expenses,:
Provision
$44,442;
Inc., trustee, announces semi-annual dis¬
share on the Keystone speculative bond fund
a
$75,718;
accrued
$31,895;
Two Keystone Funds—
Keystone Custodian Funds,
tributions
and
Liabilities—Note payable, instalments payable within one
year, $125,000; accounts payable, trade creditors, etc., $1,037,174; employees' taxes
43%.
on
good
other assets, $442,481;
withheld,
Special Payments
>
and
trade-marks
755;
May 31,
Sheets,
bank
securities,, at cost, plus accrued interest, $100,313;
(trade), $1,386,570;
inventories, $4,168,551;
ad¬
manufacturers, $122,782; sundry investments, at cost, $5,960;
plant, ' equipment and improvements,
$1,17,3,640;
patents,
property,
include
in
receivable
to
vances
$5.99
or
share to
per
Balance
deposits
Government
S.
accounts
$5,662,991
July
value
asset
U.
equal to $4.66 per
on
realized
from
1944,
Adjusting the July 31 net asset value
cents
the
1945,
series
outstanding
Consolidated
<
Assets—Demand
per
1285
(approximately $539,000) will be used for
working capital of the company's wholly owned subsidiary, Hi-Lec Co.,
development of- new post-war products, replacement of certain tem¬
Capital
♦No
total
t$795
Nil
profit-
expenditures
tax
provision
has been
made,
since
it
„
is expected that special
will render
tax
liability negligible.
tLoss.
J During the quarter a profit of $43,506 was realized on sale of secur¬
ities which is not included in above figures.—V. 161, p. 569.
write-off
arrangements
,
'".
6 Months Ended June 30—
-
Gross
Total
$6,787,695
earnings ——
gross
costs
;
*
Maintenance
$6,787,092
4,132,553
212,401
232,805
—
377,995
—
balance-
—
$788,925
$772,138
57,108
Interest and other charges
60,505
$711,683
723,843
723,843
—
"
Balance
—:
'
Preferred
of
divs.
Utilities Associates
Mass.
Consolidated
161,
Gross
,
A.
President
four
Prov.
for
Prov.
for
Period End. Aug. 31—
*
.retail—
at
—V.
162, p. 987.,
$876,833
21,043
223,043
278,387
—____
22,909
$53,883
$682,908
20,693
: 173,811
243,316
$23,957-
53,892
50,995 •;;j
$25,149 %
$17,509
—
249'
—-
;
*
Light & Power Co., Ltd.
Oper.
-1944
-V.
earnings
$5,935,737
$5,044,831
867,123
-4,507,910
4,117,976
162,
$162,847
$238,826
.
$11,963
$19,092
;
24,356
income
162,
137.'
p.
$65,359
$70,482
:
;
■
12 Months Ended June 30—
;
1945
'
•
.
'
7,834,012
7,255,863
16,000,990
1,518,090
1,469,606
2,974,882
t,752,913
Depreciation
Taxes, other
2,446,196
2,474,482
4,944,195 ' > 4,941,351
1,953.936
1,883,683
3,904,823
-
income
Fed. ind. & excess
3,800,762
7,727,662
$3,992,143
$4,023,862
$8,231,137
$8,258,221
135,923
163,431
423,599
304,052
$4,187,293
$8,654,737
$8,562,273
1,458,230
1,500,817
2,922,242
3,014,993
_
•
J—
__.
<
Other
income
(net)
income
Gross
Int.
income
oper.
debt.
long-term
on
Amortiz.
debt
of
call
refinancing
Amortiz;
of
General
Other
of
\
57,707
57,815
115,415
25,000
50,000
72,780
70,781
_____________
44,367
___
17,204
110,469
1,246,036
2,490,812
200,800
200,800
Total
71,377
■:
2,497,599
401,600
401,600
134,948
.
112,499
332:433
234,642
Balance
47,072
preferred stock
for
29,400
—__.
income
Net
4770,000
could
in
the
be
not
income
respective
distributed
owned
panies
net
includes
and
West
stocks
on
primarily
Corp.,
1
six-month
of
periods,
subsidiary
because
1944; refinancing,
—V.
Period End. June 30—
Income.
West
Corp.
1945—3 Mos.—1944
Other income'
$523,624
$1,489,846
..
106,695
322,473
.
Total
$741,388
107,486
180,"818
'
Total
income
trative
84,456
-V.
1C2,
p,
'
$16^117,123
$16,463,865
3,478,669
6,958,413
6,886,756
547,737
1,066,750
1,158,549
4,599
11,057
142,490
Deprec. and depletion__
605,000
28,000
50,100
$503,857
_______
'
income..
961,600
$498,649
of
71,000
The
,
share
988.
the
share
have
common
the 5%
declared
stock
a
and
dividend
(No.
quarterly
of
2)
dividend
20
of
Total
cents
62 Vz
cents
per
made
on
on
share
cumulative
(from the period
the preferred stock.—V.
from April
161,
p.
Minneapolis Gas Light Co.
Operating
$3,658,914
2,980
26,824
10,647
$1,818,365
$1,861,482
deductions
16 to June 30,
1945)
!
tBalance
Unci,
was
2,900,486
1,665,930
$1,938,658
255,401
510,803
the
1944
$6,984,516
$7,072,258
-
—V. 162.
last
quarter
1944
of
jobbing operations)
3,945,060
Taxes
(ipcl.
Provision
,
for
307,596
income
742,311
$777,531
265,200
$1,427,855
552,000
and
319,914
317,997
Non-operating income
$1,669,634
—
15,764
..—
income
•
$1,633,962
-
f
474,463
476,302
86^555
86,555
$1,124,380
(less prems.')_
$1,077,302
126,213
126,325
~
4t-..
$1,492,828
—V.
162,
p.
880.
.
v ■■
■'
Sept.
and probably will be
Divs.
on
__
_I
preferred stock
Income payments on
participation units..
5,477
50,168
k.
Net' income
^-V.
i
$992,684
.
wife.
his
holders
stock,
160,'p. 2186.
V
of
The
will
of
he
13.3%
$900,808
Mr.
oper.
Other
is
company
and,
the
will
the
continue
outstanding
it
after
be
the
giving
stock of
common
to
resume
service
on
a
-
sidized
Minneapolis-Honeywell
Regulator
Co.
—,
Acquires
Rights to New Device—
All
patent rights
to a
platinum
thermocouple described in the
metallurgical field; as revolutionary in 'speeding up and providing more
Accurate and economical production of stainless
steel, have- been acnew
ican
at
namely,
Republics
an
tion
lines,
Lines
early date.
passenger
The American
founders
the
to
owner
principal
of
Total
gross
service
and
company
cargo
The
Pacific
Taxes,
—
Argentina,
26,222
the
basis
war
on
^
$8,621,932
3,793,21L
3,593,569
sale
of
this
469,533
:
Federal
than
other
for Federal
615,133
before
Balance
Dividends
cumui.
on
*
Balance
for
common
^
■.
in the
Pacific
*
Includes
$197,966
justments."—V.
795,253
767,000
543,452
income.—
878,536
$1,109,317
dividends
declared
*874,223
-
302,019'
income
taxes on
stock¬
T
623.79S
$1,153,312
preferred stock..
...202,531
202,512
and surplus—
$906,786
$950,800
dividends
apnli^ble
"amortization of electric plant ad"
to
160, p. 2449.,'
'
"
-
this- three sub¬
National Distillers Products Corp.—V.-P. of Unit—
Republics Lines service,
the three combinaT
Brazil
,
750,068
Interest and other charges.—
and
Uruguay,
in
Republics Lines for periods of approximately'20 months
after the respective re-deliveries of such vessels, as well as its pres¬
ently owned 16 modem, fast and economical cargo- vessels in the three
has been appointed Vice-President in charge of
the White Rock Corp., a subsidiary.
corporation in November, 1944. Mr. Thurston was
of sales and-advertising for the Feigenspan Brewing Corp.—V. 162
Alan
expects to operate
vessels,
"v
$8,595,711
$8,146,495
earnings
approximately
the company.
prewar
1944
"
29,445
_
The American Scantic Lines service, The Amer¬
The
and
and
effect
beneficial
.
$8,117,050
;__
revenue
Maintenance
1
Vice-Pres. of the Company, and
the
expects that the abrupt end of
company
enable
to;
of
one
1945
30—
income
Operating costs
100,000 shares ($10 par) common
11 with the SEC. The stock is being purchased
reoffered by a banking group headed- by- Kuhn,
McCormack
$6,506,572.
Narragansett Electric Co.—Earnings—
.
income
total,
incl.
payable,
(est.). $789,652; reserve for post-war adjustments
$317,151; capital stock (200,000 shares no par),.
surplus,
$3,842,818;
total, $6,506,572.—V.
161,
earned
Gross
•
,
Loeb & Co. from Emmet J. McCormack,
Net
charges, $43,267;
1945
July 31,
Provision
filed
1945
2449,
p.
registration statement covering
was
31,
receivable (net),
post-war refund!
misc. receivable
$8,991; property, plant and equipment (net)»
assets,
sundry
deferred
$1,000,000;
Moore-McCormack Lines» Inc.—^Registers With SEC—
stock
$2.57
Treasury bonds and certificates of
U. S. Treasury notes, tax series-
$1,349,595;
cost,
Depreciation
A
400,000
$2.56
July
Sheet,
$1,996,621; U. S.
contingencies,
and
52,208,040 358,966,471 332,507,586
r
(
$513,472
400,000
$0.86
1945—7 Mos.—1944
$
$
•
48,686,552'
$511,288
150,000
-
amount and cost. $200,000;. trade accounts
merchandise inventories (net), $1,371,658;
excess
profits tax—estimated, $56,902;
other
ended
508,900
company
1945—Month—1944
ta'*'t
$173,056
$0.96
accrued payroll and withholding
tax deductions, $529,702;
accrued taxes other than income, $27,2507
Federal taxes on income, incl. $542,000 for the period of nine months
.
$1,640,160
_—
,
Amortization of debt disc. & exp.
•'.-
6,197
$1,685,399
Interest deductions
Period End. Aug. 31—
Salfes
r-—
share—
Liabilities—Accounts
Montgomery Ward & Co., Ibc.—August Sales-
.
319,339
•
375,000
Cr37,50®
Crl6,000
$193,150
6 Months Ended June
937,982
replacements.!.™
taxes
retirements
Net operating revenues.
Gross
'3,812,976
~_H
Maintenance
325,00®
213,500
——_
Federal
and
988.
p.
328,500
160,000
deducting cost of goods sold,
After
of
Operations (incl. net loss from merchandise and
*'
105,000
85,700
150,000
principal
510,803
■
108,500
tax
profit
indebtedness—at
$2,003,631
$736,890
270.200
surplus
special tax adjust,
21,4251
$1,175,972
tion.
had the benefit for Federal
tax purposes of deductions in respect of the loss on sale of transpor¬
tation properties, which had the effect of reducing such taxes by ap¬
proximately $1,247,000 which amount was applied to reduce such loss.
;
1945
revenues
;82$550
255.40)
dividends
Preferred
17,424
$1,053,288
including materials, labor an<I
manufacturing expenses; but before deducting provisions for deprecia¬
*
$3,669,561
$1,032,932
V $992,2917
income
•In
Earnings—
826,074
.
$4,839,144'
7,614"
$422,056
5,230
profits, tax-—
$908,442;
Net
2449.
12 Months Ended June 30^—
*
$4,812,320
per
cents
$1,154,54T
Balance
18,502
'
a
preferred stock, both payable Oct, 1
to holders of record Sept. 15.
On July 2, last, an initial distribution
of 20 cents per share was made on the common stock and one of 52 Vn
per
1,939,500
$1,858,502
r
$1,035,865
other
*Crl,247,000-
>_
$1,799,863
income'
-
57.75T
$414,442
refund of exc.
$571,096;
Gross
Miller-Wohl Co., Inc.—Dividends No. 2—
directors
on
.
Operating income
Non-oper. income
•
(The)
properties
transp.
47,458
Dividends
-
$1,212,304=
$1,083,322
19,389
$387,350-
Assets—Cash,
' $699,416
$1,527,761
on
Reduc. from loss on sale
9,300
120,000
taxes
1,325,146
1^802,400
1,117,200
Fed.
1,495,000
1,248,240
670,000
Net
1.945—9 Mos.—1944.
$1,807,716
$1,865,28®
724,393
652,9751:
$382,119
____
inc.
.Earns, per com.
1,476,000
750,000
706,000
—^_
"
$433,831
(est.)
surtax
exc.
profits tax
;
$8,422,108
Fed.
income
Fed.
taxes—
income
income
Net
$922,206
"V
v.
153,501
7,992
than
76,971
income
Federal
$1,812,319
than
other
.Taxes,
.
expenses
other
Taxes,
$630,319
adminis-;
and
General
$624,305
———
•
Post-war
443.752
expenses^
1
989.
$397,944
income
normal
•Fed.
3,381,904
$7,898,119-
revs.-——--;'
oper.
Operating
Maintenance
'
Total
•
1945—12 Mos.—1944
1945—6 Mos.—1944
p.
1945—3 Mos.—1944
$613,002
$632,589
215,058
' 198,757
(net)—
income
Fed.
Period End. June 30—
1945—6 Mos.—1944
162,
15,825
and
earned
Int.
•.
2662.
p.
Monongahela Power Co. (& Subs.)—Earnings—
only)
$516,818
—
—
(Middle
Income
161,
June
of
deprec;
for
Operating profit
and
-
of
Statements
basis of separate corporate returns.
months' period ended
•
-
profit——
Operating
•
,,
1
profit
•Frovis;
to re¬
(1) Effect on an annual basis of the November,
(2) Federal income and excess profits taxes on such
adjusted earnings computed on the
com¬
dividend
of
the following:
flect
and
which
and
-
respectively.—V.
$1,435,031,
Period End. July 31—
$138,582
above summary of earnings has been pro formed
Note—The
$1,677,606
approximately $855,000
1944
dividends
as
Middle
by
arrearages.
1945
'
$780,058 ' $1,862,658.
$785,399
—___;
Note—Consolidated
and
"Gross
•
'
While this program,
*
,
plant and equip
stock
common
>
thaint
part,
which it is esti¬
program
$6,500,000 and $7,000,000.
-Sell., adm. and gen. exps
$167,982
on
in
(F. E.) Myers & Bro. Co.—Earnings—
15,700
income
Dividends
i65
$215,054
_—
deductions.——
income
or
442 and for the fiscal years ended
$199,354
"
Net'
whole
Net income for the 10 months ended June 30, 1945 was $858,Aug. 31, 1943 and 1944, was $1,391,-
tively.
61,896
54,94.9
—
——
income
Gross
in
1945 were $57,598,594 and for the full fiscal years ended Aug. 31,.
1943 and
1944, such sales were $73,657,029 and $94,639,141, respec-
314,201
—
50,000
41,281
.
1,245.406
deducts..
subs
:
Utility operating income
Other income (net)——
Minority int. in net in¬
come
accrual
reserve
used,
be
corporation for the 10
sales of the
Net
$630,400
profits taxes, per books.
_•
..J—
'
excess
taxes—
-
profits tax..'
and
Incorporated
29,
Ended June 30. 1945 >
427,757
353,924
25,000
28,907
declared.
not
205.887
30,242
—
inet)
declared
Dividends
income
$272,914
$286,341
.•
intangibles.
income
Dividends
174;764
59,692
95,774"
...
£
Federal excess
disct.,.
exp.
int.
Federal
Retirement
& expinet)
pfd. stock
prem.
Amortiz.
of
$332,606
-
Statement of Pro Forma Earnings, 12 Months
Balance before Fed. inc. 8c
will
corporation's expansion
months.
! Net income
Net
•
78,901
6,749;46l
3,354,345
$4,128,067
taxes
deductions
Income
offering
this
of investment bankers
Co.,
expected that approximately $500,000 will be required "
buildings, $750,000 for rearrangement of present facilities, and
$5,500,000 for additional machinery and equipment.
Since 1942, substantially all of the corporation's production was for
war
purposes.
However, since the end of the war, the corporation,
has
commenced production,
to a. limited extent, of certain of ihi
regular peacetime products, and it believes that its pre-war production,
facilities can be made ready for normal production in less than
$253,705
108,689
——
income
Gross
* 3,773,69#
profs,
&
equipment, it is
52,944
$273,426
——___'
'
that
expected
group
tentative and dependent on availability of materials
is at present
'
$382,115
Utility operating income
income (net)'—'
Other
Fed.
than
is
a
Ripley
for new
14,814,575
Maintenance
Operation
series,
the
with
connection
448,419,
54.949
1
Retirement reserve accruals
$21,545,140 $20,461,843 $43,783,692 $41,290,216
revenues
It
by
Harriman
by
mated will cost between
94.050
.
302,026
profits taxes——
Federal income and excess
1945—5 Mos.—1944
1945—3 Mos.—1944
Period End, June 30—
Operating
99,737
._—
4%
stock,
preferred
37,535
52,630
General taxes.
stock.
common
will be underwritten
headed
be
Watling, Lerchen & Co.
The proceeds to be received by the corporation from the sale of
212,255
230,046
(& Subs.)—Earnings-
of
shares
will
which
•
Maintenance
Middle West Corp.
America—Registers Preferred!
'
!
.
$2,962,176
1,863,270
2,241,083
______
;
100
stockholders
to
1944
$3,253,896
Operating revenues
i
Operation—gas purchased—
$926,855
$1,427,827
August, 1945 had 203 stores in operation, as against
corresponding month last year.—V. 162, pp. 676 and 250.
_
24.74Y
;.
Mobile Gas Service Corp.—Earnings—
v
676.
p.
6,100
$95,225
'
.
1945—Month—1944
1945—8 Mos.—1944
$6,937,575 $6,688,531 $58,203,038 $52,404,67#
C..W. AVery,
-each
$1,029,970
971,328
V
Net
203
$89,714
-
.
-
—v.
$1,210,154
& deprec..
exps.
5,795
f
•' >
,
1945—5 Mos.-
1945—Month—1944
31—
earnings
$25,192
other deducts.
and
Net
Period End. May
Gross
$17,758
(& Subs.)—Earns.
Canadian- Currency)* :
'(Expressed' In
—I—
income
Gross
Int.
'
$95,021
570
43
,
"
•
Mexican
* -18;944
$39,144
V
-
Sales Up 3.72%—
President of< the corporation, announced that the
corporation filed" Sept. 6 with the SEC a registration statement cover¬
ing'104,500> shares of cumulative preferred stock, 4% series (par $50) „
•which will be convertible into common stock on or prior to Oct.
1,.
1955 at conversion prices which will be supplied by amendment. During
the period of its convertibility, the new preferred stock will be subjectto
the operation
of a market fund based on earnings to purchaser
.shares of the issue at or below par, and after Oct. 1, 1955, when the
stock is no longer convertible, It will be subject, to the operation, of
sinking fund basted on earnings, but cumulative, to retire annually
'2V2r/r of the then outstanding shares of this Issue.
When' the registration statement becojnes effective; the corporatiotk
expects to offer the preferred stock, 4%
series, to the holders of its
common stock at the rate of 11 shares of the new preferred stock for '
9,9,200
.
$2,788,025
1,821,91S
$3,040,023
2,132,798
,
—
Mr.
210,160
218,514
:-1B,876 :
4,755
4,648
4,700
income
676.
p.
With SEC—
$324', 127
excess
'
'Other income
162.
(The) Murray Corp. of
1945—12 Mos.—1944
$335,734'
S..T $80,900
$30,749
expenses —
other than Fed.
Net
259,507
The company in
'
Inc.—August Sales—
$392,468
293.657
Period End. Aug. 31—
$350,130
$509,097
■
1945—3 Mos. —1944
'
-iy
income and
$417,919
Sales
Operating
Taxes,
income____
oper,
207 in the
revenues
$4,099,683
2,829,670
852,094
taxes
(G. C.) Murphy Co.—August
983.
p.
$3,626,116 $27,427,139 $24,720,505
2,524,565 18,218,335 17,111,Q2&
709,083
6,168,781
4,321,454.
___
revenues__
expenses
income
—V.
$5,230,400
—
'—V. 162, p. 076;
Net
Missouri Edison Co.—Earnings-
•Fed.
1945—Month—1944 '
1945—7 Mos.—1944
$4,438,220 $37,455,969 $29,042,699
Period End. Aug. 31—
Sales
$50,650
10,049
profits taxes
Mercantile Stores Co.,
■Operating
•Operating
$598,446
stock—
•
j
,
$905,952
.
$43,833
162,
Operating
1945—Month—1944
1945—8 Mos.—1944'
$3,379,056
$2,582,274 $23,490,702 $22,940,239
Period End, Aug. 31—
$71,694
—
pfd.
on
1945-Month—1944
1945—7 Mos.—1944' :
$4,106,017 $3,627,406 $27,472,351 $24,750,53L
,
'6,334
1,290
- 45,212
30.02&
451,750
1,176,226
$76,798
Period End.June 30
Corp.—August Sales Up 30.9%—
'
Sales
662,152
1,474,750
39,250
202,350
Balance
had 201 stores in operation in August, 1945, as against
year.—V. 162, p, 675.
Shoe
income
Net
—V.
202 in the same month last
Melville
3,226,820
deducts.
other
and
Divs.
$5,766,563 $42,847,664 $41,358,205
$5,214,342
3,013,269
-
194$—8 .Mos.—1944
1945*—Month—1944
-
income
Gross
-
The company
273,920
37,750
J 10.832
Operating
$5,731,631
19^,347
taxes__
Int.
Sales
$6,056,124
Net
McCrory Stores Corp.—August Sales Off 9.58%—
;
1945—12 Mos.—1944
$494,196
Telegraph Co.—Earnings
Mountain States Telephone &
Period End. July 31—
-
revenues
Uncollectible oper.
rev.
$515,746
by Nov. 1,—V. 115, p. 1639.
his new post
will assume
161, p. 2663.
Operating
1945—Month—1944
be in avessels.—
subsidization or otherwise), the company will
position by reason of its fleet of such
- ^
vuV!';:: * :'U'.vT"
(by
petitors
Co.—Earnings—
31—
——>—_
.
Maritime Commission
favorable competitive
.
•
expenses —.
deprec
Operating
years
Associated.
of
Stelzer
Mr.
for
Stelzer,
revenue
'
■
currently has under construction for th»
company seven new C-3 type cargo vessels for operation in its three:
subsidized services and consideration also is being given to the con-struction of additional combination passenger and cargo vessels.
Then*
Us also under consideration the later replacement in The American
Republics Lines service of the Argentina, Brazil and Uruguay with; new
fast combination passenger and cargo vessels of modern design.
Since:
--the standard
or
C-type vessels built by the Maritime Commission
have proved efficient and economical
in actual operation,.; the com¬
pany believes that, if its costs are equalized with those of its com¬
v.
7
Mississippi Power
-
Vive-President and Merchandise
Manager of the William Hengerer Co., Buffalo, N. Y., a unit of the
Associated Dry Goods Corp., has been selected to take over the presidency and management oi James McCreery & Co., a unit of the same
organization, it was announced on Sept, 6 by Robert J.
McKim,
Arthur
Rector
for the
bonds, series due 1975, the
and Exchange Commission has approved the proposal
first mortgage bonds at competitive
sell privately $6,000,000 unsecured 10-year notes.—
and to
V. 162, p. 1172.
bidding
Period End. July
President—
(James) McCreery & Co., N. Y.—New
,
may
1945
Agreement
provisions of the Subsidy
with the
require.
accordance
in
conditions
as
The
to sell $26,000,000
the company
of
2662.
p.
Co.—Bids Asked—
purchase of $26,000,u00 first mortgage
coupon rate to be specified in the bids.
*$12,160
$7,972
balance
♦Deficit.—V.
was
received by the company at Room 2033, Two
Street, New York 6, N. Y., up to 12:00 noon, EWT, on Sept. 17.
will be
Bids
The Securities
•
thermocouple is under way, it
and deliveries may be expected
Minnesota Power & Light
732,396
——
.
Xyr"';
'v-:-
,
and
i
said at the
Philadelphiar plant,
within 60 to 120
days,
Initial orders are being turned out by the company which was
able to convert to peacetime production overnight—V. 162, p. 1172.,;.
the
of
Production
378,095
$731,816
Consolidated
v.;;
'
Md.
more,
508,957
765,562
—
—
income.
taxes on
513,915
———
other than Federal income.
Federal
140,432
,—>
,
Depreciation
Taxes,
$6,646,660
4,254.223
_—
_
Rights, covering
officials, from the
Brown
.
$6,933,433
income
Operating
1945
.
j". services
Brown Instrument < Company, Philadelphia
manufacture and sale, were acquired, said
Rustless Iron & Steel Corporation, Balti¬
this company's
by
division.
145,737
operating revenue:—1__
Other
quired
(& Subs.)—Earns.-
Massachusetts Utilities Associates
'?'■
.
Monday, September 17,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1285
,V".'
C.
advertising
Before*
head
,p.
571;
Thurston
and' merchandising of
joining the
..•'
V."'.
yolume 162
National
The
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
Enameling & Stamping Co.—75-Cent Div.—
directors
New England Gas & Electric
Association—Report—
(J, J.) Newberry Co.—August Sales Higher—
dividend of 75 cents per share
For the week ended Sept; 7 the Association reports electric output
outstanding common stock, no par value, -payable Sept. 28 to
of, 11,444,761 kwh.
This is a decrease of 1,117,351 kwh., or 8.89%
holders of record Sept. 18.
A like amount was paid on Marcn 31 % below production of 12,562,112 kwh. for the corresponding week a
and June 29, this year.
Payments in 1944 were as follows; March 31,
•
year ago.
• *'
:
V-#
£0. cents; June 30, 62lk cents; Sept. 30, 75 cents; and Dec. 27, $l,«—
Gas output for the Sept. 7 Week is reported
at'97,315,000 cubic feet,
v. 162, p. 1173. ,7
a
decrease
of 3;049,006 cubic feet, or 3.04.%
'...''v;
below production of
.-ii;;./i-
<
Sept.
on
declared
7
a
100,364,000 cubic feet in the corresponding week
National Food Products Corp.—Larger
a
year
on
May
and
1
Nov.
1, .1944.—V.
160,
National Power & Light Co.
Period End. May 31—
Subsidiaries:
revenues
Operating
4.72 %
other
Amortiz.
elec.
operating
432,169
43,102,086
12,358,124
4,632,822
'
-
-
Operating
.
revenues
6,397,931
Net
3.831
162,306
33,259
109,807
to
interests
hority
$9,518,259,
an
433,882,000
1173.
'
Co.—Earnings-
13,868
$8,538,480 $65,448,216 $59,904,283
2,132,625
its
Priorities
.".
t
•
6,872,173
5,839,453
46,802,583
40,803,783
1,395,540.
1,456,603
8,988,282
$9,819,997
$9,657,351-
$8,558,348
'5,389,751
162, -p.- 880,
I«
-
$1,242,424
$1,236,678
817,429
income—
809,941
5,875,653
12 Months
operating
378
State
1,365
2,039
Ended July
equity of
of
in
co.
„j_
•
income
reserve
taxesi..-—i_l
profits
excess
$770,136
$4,556,559
$902,256
Income
$4,539,502
•
'
$4,550,559
991
$4,557,767
$4,540,493
80,198
340,450
20~700
Yo~ 300
Net
$4,53^,502
1,208
$902,256
$770,136
income
$902,256
475
•
vj.v..
—V.
taxes
;
Int.
&
other
Federal
$770,611
4Full dividend
earned
,
~3,000
$696,645:
_____
requirei
•
4<653,000
I—__i_
•
:
—
of
181,000
—-—4
Period End. May 31—
income
Federal
Other
$4,137,116
•••*'••• ■ :'iy>;
v'-VV- J
Income
1945—3 Mos.—1944
•:
v..
-
)■
taxes-
$524,201
74,257
-
$607,202
318,552
'
1.307
,
2.819
.5.818
taxes
taxes
from
$2,071,230
^
4,634
•
19,079
Fed.
income
3,000
10,300
20,700
the
836
48,399
this
—V.
income
J.62,
$76,552
$423,303
v
$256,552
being
cf
lien
that
4>/2%
and
on
gold
bonds
March
dar-ed
15.
'
t.
after
Sept.
17,
the
1945,
Central
Hanover
principal
on
account
of
the
principal
157,
office
1562.-
p.
ol
:
-
All
outstanding shares' of first preferred stock of 110
for redemption on Oct.
l, next, at-$86
called
^accrued dividends of $1,31 %
Holders
<
/'
t
a
.
^
par
per
by
Canadian
may obtain immediately payment of the full reof $87.31 % per "share upon surrender of their certify
cates at the First National Bank of
Columbus, Ga.—V. 162, p. 880.
sv-;.
;
:■. v"V,
■
•: >vv.^
•
resale
Other
Period End; Aug. 31-
1945—Month—1944
$2,922,387
—...
•-V. 162,
$2,913,707 $23,235,699 $22,037,600
.■
676.
p.
Total
Interest
12 Months Ended June 30—
Operating
Operating
inc.
Other
•*
v
Bank of New
»
$48,634
deductioins—
revenue
1,441,289
(net)-_
465,975
2,035
$22,295
$22,445
53
£>rl6
$22,428
7,554
Utility: operating income
'income :■
7,519
_____
income
Retirement
reserve
accruals
822,711
758,488
3,238,779
$1,613,708
$6,047,531
$6,242,594
4,856
104,012
2,242,118
U:
:
-
3.834
$1,618,564
436,882
>
.
.490,103
$6,267,428
1,880,336
$6,151,543
1,848,962
,
Income deductions
_>
7,588
;
$1,128,462
369,000
1,147,000
1,237,400
1,147,088
1,497,462
5,449,581
5,624,492
to
^
Federal
in
income
income
Dividend
V; 160
-
appropriations
p. 2545.
7,488
ooerating
Other
income
1
Association (& -Subs.)—Earns.—1945
revenue
'
-
1944 '
$38,409,853 $38,026,991
461,702
421,275
earnings-^
$38,871,556 $38,448,266
Operating costs
16,626,343
Maintenance
*
a
other
than
Federal taxes
on
Federal income
!
income———
2,616,611
2,297,246
-
2,808,058
3,309,342
4,060,782
..
4,039,224
5,130,870
4,258,447
$7,628,890
$7,456,432
._
._.
plan of reorganization of such parents.
Commission.
-
•
etc., charges
5,893,124
Balance before dividends—^
•
Preferred
dividends
of
Consolidated balance
At
June
Power
1945,
Association
and $4.83 V*
ing to
30,
a
New
Eng.
in
$1,705,481
1,325,848
1,325,849
Ass'n_
$409,916
preferred
arrears
for each $2 dividend
total of
5,660,950
$1,735,765
Power
iiL
cumulative
were
$14.50
dividends
for
each
of
6%
'
$469,632
New
England
preferred
161,
$9,612,335.-
~
-
for its
pared
of
Eneland
Power
tive
a
♦
reports
number
p.
of
kwh.
available
territory for the week ended Sept. 8. 1945 as 54,468,304 com¬
with 60,544,313 for the week ended Sept. 9, 1944, a decrease
10.04%.
decrease
859,767:
'.
(par
stock,
of
6.01%
under
the
was
60,234.480,
corresponding week last year.-.
.
.
.
debits,
$1,780,006;
total,,
\
$100),
$12,000,000;
long-term
$21,294,455; 5.10%
premium on 5.10% cumula¬
debt, $53,387,000; accounts
and accrued liabilities,
retirement reserves (deprecia¬
for Fed¬
eral
escrow),
$735,825; reserve for freouency change-over expenses. $1,350,000; other
reserves.
$103,570; contributions in aid of construction (non-refund¬
able). $1,291,743; capital surplus. $7,864,065; earned surplus (appro¬
priated for construction and/or bond acouisition). $7,320,000: unap¬
propriated
earned
surplus,
$6,406,592;
total, $129,558,202.—V. 162,
tion)
p.
not
but
$161,160;
declared.
deferred
$51,000:
credits,
Other current
$1,171,012:
property, plant and equipment. $12,257,252; reserves
income taxes for prior years (incl. $218,923 deposit in
.
r
.
oner-
—
rev._
expenses
Operating taxes
Net ooer.
—V.
"
'
-Earns*
1944
$6,835,467
65,206
$6,900,673
3,426,287
_____
$6,670,915)
$6,730;45'?
•
v
discount &
59,541
3,238,823
309,085
490,000'
846,351
772,608)
>
821,797
819,868
$950,249
expeose__
balance
'
'
.
_______
income____:
jnonjne
162, p. 1173.
160,578'
"
42,694
44,154
;
:•
4,953
'■•'i 4,94Q
;
;
before
102,696
112,851
dividends
$644,299
-_
l
7"
$1,073,581
155,605
expenses
in net income 6f subs,_L__^^
'*■
TV'
342,117
; "
common
"i.
••
$751,050
342,111
-
.
^r-'r
;'!;'
dividends__
' ;%'•
'■
2560.
p.
•
,
$302,182
$408,933
v
(& Subs.)—Earnings^
1
opd
inpnniP
1945—3 Mos.—1944
$4,551,986
—___
2,419,080
511,540
$8,841,084
4,166,491
4,705,435
528,650
V
•
pv„
1,022,713
1
•;
1945—7 Mos.—1944
$
"
-
$
$
21,679.241 170,485,043 154,686.087
19,898
192,499
190,218
24,534.120
28,748
.
24.305,372
21.650,343
170.202.544
15A4?.4C7
13.773,778
1C4.R77.400
154,495.860
93.747.597
6,130,677
5,393,294
46,458,589
42,159,305
2.492.271
J8.956.555
2,208,051 1 2,039,929
16,427,361
2 602.228
:
.
18,588.967
13,740,224
.
1945—6 Mos.—1944
$9,414,032
$4,296,500
2,297,591
'
l,055,56Qi'
a.
•
profits taxes_____-' :
cess
oper.
income.i-^
793,400 *'
$827,966
Other income
663,100
Gross
Int.
income
and
1,579,700-
•
$807,160
5,061
43,151
I '
...f,
■■
1,393,800
$1,645,128
52,098
T
$1,686,288
89,048
C"
'•■
'
-
.
$833,027
$850,311
745,029
751,630
$1,697,226
1,495,141
$87,998
deducts. *
other
$98,676
$202,084
$1,776,236
1,508,480
(
income
Notes—(1) Consolidated net income in
the
1945
and
1944
$267,750
six-month
periods includes approximately $137,000 and $130,000, respectively, net
income of subsidiary companies not available fdr distribution to the
company because of restrictions affecting the payment of dividends
on the common
stocks of the subsidiary Companies.
(2) The operations of Lake Superior District Power Co., sold oil
May 7, 1945, have not been consolidated In above statement.
Earnings
Period End. June 30—
Total
&
Net
—V.
of North West Utilities Co.
$40,830
$74,859
$107,580
2,726
3,181
4, (4b
4,643
365
1,270
1,791
2,825
1,300
2,100
3,600
5,704
$29,368
$34,279
admin, exps.
than
other
Fed.
—
taxes__
income
income
'
$64,722 %
$94,418
161, p. 2663.
Northeastern Water Co.
Period End. June 30—
Operating revenues
Oper.,
admin. & gen.
expenses
—
income
1945—12 Mos.—1944
$554,388
$2,400,985
$2,004,446
245,454
224,482
27,931
42,005
1,038,289
890,831
114,325
184,534
161,074
34,041
41,768
:
95,053
•
and excess
taxes
,
Operating income
—
_I—
Other income
224,943'
$609,293
1,405,657
$450,226'
1,360,367
$1,013,138
73,478
$2,014,951
538,508
$1,810,596
224,314
$939,659
$1,476,442
$1,586,281
49,300
69,776
83,449
$168,535
21,381
$127,219
_____—
______
183,317
180,104
274,438
42,930
$189,917
'profits taxes
Other
(& Subs.)- -Earnings—
1945—3 Mos.—1944
$602,507
retirements--
for
Prov.
Fed.
1945—6 Mos —1944
1945—3 MOS.—1944
$33,759
income
General
885,918
I,'
Gross
Income
income
deductions
52,398
—_
.
1
i
<1
tV 1
,n.
Net
—V.
income
—
$137,518
-
161, p. 2663.
made in
1945—Month—1944
$
•
revenues
Uncollectible
:
1945
j
Northern Pacific Ry.
New York Telephone Co.—Earnings—
Ooeratiner
2, 1946, 1
Satisfactory ;
Subs.)
of
1173.
Net
.
(&
V
Maintenance
(46.484 shares no par),
$102,000;
Oner*ting revenues
1945
deferred
$1,272,226; customers' deposits. $457,687; taxes accrued, $1,interest accrued, $472,838; dividends on preferred stock, ac¬
ODeratine
1,
Comparable fierure for the week ended Aug. 25, 1945, was 59,767,515,
decrease of 6.24 % under the corresponding week last year.—V. 162,
880.
preferred
preferred
pavable,
V
Association
"
Liabilities—Common stock
Period End. July 31—
Comparable figure for the week ended Sept.
a
■
debt
Oper. expenses
Taxes, other than Fed.
Federal
Sheet, June 80, 19J5
$227,717;
prepayments,
$129,558,202.
serial
2663.
p.
North West Utilities Co.
Taxes,
•
share
preferred share outstanding, amount¬
Weekly Output—
New
'
Assets—Property, plant and equipment (including intangibles), $119,stocks nf associated companies. $615,013; other investments,
funds deposit restricted to construction and/or bond acquisi¬
tion. $115,600; funds deposit in escrow in accordance with consolidated
tax liability apportionment agreement, $218,923; cash in banks and on
hand,, $1,539,956; special deposits, $30,645; United States Govern¬
ment obligations (incl. $500,000 Treasury notes tax series C), at cost,
$2,600,000;
accounts
receivable.
$1,697,540;
materials and supplies,
crued
Balance
Total interest,
in
171,116;
Sl.533.296;
of
--
income
17,087,571
-
I_
Depreciation
Taxes,
deductions,
tOf which
$345,000 in both quarters and $1,380,000 in both years appropriated
for construction
and/or bond acquisition in accordance
with orders
consummation of
S.
,
Jan.
providing
funded debt________^._^._____
on
.Period find. June 30—
Operating revenues
$28,988;
____»
Total gross
4,680
-
_
6 Months Ended June 30—
Gross
$7,352
-v-J.
'New England Power
V
~
_
from
resulting
7,558
$7,206
t
taxes,
returns, for interest
Balance
Net
v.
$4,302,581 ' $4,387,092
$916,988
.
_
and amortization charges on securi¬
ties of indirect parents (in process of reorganization under Chapter X
of. the Bankruptcy Act), which deductions will not be available after
the P.
161,
24,834
2,756,411
618,154
Federal
surplus
"Reduction
of
corporation
of
as
384,970
Interest
'
—V.
230,100
___
in
consolidated
;
.
Lighting Properties
Consolidated balance for
2,789,552
2,092,692
3,025,545
710,513
$1,353,869
transferred
earned
4,138
.taxes—
the
>
retirement
:
Consolidated
6,246,277
1 1,863,141
6,526,962
2,090,159
633,758
taxes
tBalance
18,964
2,347
$22,348
income
19,778
taxes
Gross
$47,581
4,214
General
Federal
Other
%
of
Preferred -dividends
/,
$1,350,035
deducts. 1_
income
income
1944
1945
•
i
of
shares
497,500
Minority int.
i
>
510,000
income
"Reduction
revenues
stock
the
reveriue___
Income
taxes-
income
Net
Co.—Earnings—
two
1
:
:
eariiings___________
Amortization
Net
New Canaan Water
;
>
plan
The
24.
for
M
J
-
Tc-tal other
Sept.
Noma
Taxes, other than Federal taxes ori income____i r
Federal taxes on Income
:
)
taxes
Gross
of
Operating costs
Maintenance
10 cents per share on
1945—8 Mos.—1944
*
authorfzed
stock.—V.
Total gross
•
Sales
preferred
common
Net
:
record
.
.
1,562,339
577,003
Operating income
Inc.—August Sales Slightly Up—
:
:
of
share
one
income
.
Neisner Brothers,
the
operating
1945—12 Mps.—1944
$7,773,417 $32,787,582 $31,254,707
;
2,165,290
9,885,622
8,994,907
2.658,600
.
-
income
Fed.
Deposits Under Plan—
Depreciation
"
(deprec.) of property,plant
and
equip.—
-
1173.
p.
have
Other
Auction
Fur
Provision for retirement
price
»
' '
1
1945—3 Mos.—1944
Maintenance
value have
share, plus
of
6 Months Ended June 30—
>
dividend of
$8,114,447
operating revs..:
Operating expenses
gas purchased
<$: ■■■;>
per, share,
thereof
demption
,
of the First National
director.—V. 162, p. 989.
a
Total
for
162,
Grbss
New York State Electric & Gas Corp.—Earnings—
'
Nehi Corp.—Calls First Preferred Stock—
been
\
.
Nagle,. President
C.
Period End. June 30—
the
'
.
M, Spencer, Chairman of the Board, Said that negotia-'
being carried oh with a group of banks and'insurance com*
a bank loan- of approximately $3,000,000 to retire the
pre- '
ferred stock and $1,200,000
equipment trust certificates, which mature '
setialiy to Noveihber, • 1947. - 1 \ ^
There are 18,258 shares of $6
preferred stock Outstanding. with
;
call price of $110 per share.
If the preferred is retired, capitalization
will consist of the bank loan and 149,906
outstanding shares of $20^
>
an amount equal to 1%
accrued and -Unpaid
as
of
interest
1945.. Payment will be made at
70 Broadway. New York. N. Y.—V.
V
-,t
,
Elec. and
1
occupied
now
.
recently.declared
has been elected
York,
'''
.
stockholders
exchange
an
North Boston
no par value, payable Sept. 14 to holders of record
like amount was disbursed on March 22 arid June 15,
7 Payments in 1944 Were as follows; - April 15, June 15 and
10 cents each; and Dec. 15, 20 cents.—V. 162, p. 677.
|
Alexander
are
!,f,.'
-i
•.
panieS for
•
l,
bank,
,3
/■ 1
*
1902.
:'
by «,Noma .to
fo-
directors
all
pa-r
:
& Tfust Co., as trustee, will distribute
•
of»the
Eept.
15,
f1,
increasing the
on
New York Central RR.—New Director—
prior
notified
19
$1,065,173
National RR. Co. of Mexico—Interest Payment—
Holders
j
Pro¬
.
vote Sept.
premises
'
\
A
year.
Sept.
880.
p.
4.
<
*'
stock,
common
Sept.
"TV
Net
the
on
Co., .Ltd.
The directors
'•>
tax
will
Financing
Inc.—New
....
,
stockholders
Pays Another ,10-Cent Dividend—
18,994
V
for
Board
.
Auction. Co.,
329.330
income
Production
tiohS are
1,642,612
„1
■
York
auction
Sales
$1,468,550
65.473
•
In.terest &c., deductions
.
lic
1945—12 Mos.—1944 >
$150,518
1,015
4,478
excl.
v
.
William
already held, the proceeds'to be used to purchase the shares of a new
corporation to be organized under the laws of the Dominion of Canada,
and which will conduct the business of selling furs and skins at pub¬
(Company Only)
of
,
arrangements can be made to finance the retirement.
authorized no
par value common stock from 100,000 shares to 150,000 shares.
It is
proposed that 47,943 of tho additional shares will be offered to stock¬
holders at $5 per share on the basis of one share for each-two shares
48,399
■i V'''■■■
declared
The
,w
/•:*.
Total
The
War
the
.
decorticating plant to make the fibre
is
expected by May, 1946.—V. 161,
a
Stock—Negotiating Bank Loan—y
775,000
——
677.
p.
posed—
836
; 7,7
'Comparative Statement
Expenses,
354,142
$4,207,017
.
f
7:
$801,358
_rr.
unearned.
or
■
v
tax__
Balance surplus
v
70,966
.
deducts—
income
from
,
,
'North American Car Corp.—Fi&fts to Retire Preferred
3,652,472
_c_
income
New
;
received
Production
use.
Triumph.—V.
$30,298,124
13,888,810
3,534,000.
^
V- Total
Total expenses
2663.
p.
for
provides
$3,713,842
deductions
162.
been
,
corporation has notified stockholder^ of Triumph Industries,
that if Triumph stockholders owning 80% of the stock deposii
their shares with the designated
depositary for exchange prior to
Sept. 24, 1945, they will receive the dividend of 25 cents a share
•
Other
Have
available
Noma Electric Corp.—Seeks
v
income
Gross
/
subs.
Nat'l P«r. & Light Co.:
Net equity (as above).
,•
development of ramie fibre :
in the Florida EvergladesT 1
This
31, 1945
revenues
retirement
Federal
497
Inc.—Earnings—
appropriations.—'
Takes—other than income and excess profits—
Federal income '•> taxes——
5,275,692
50%.
Inc.,
.
Statement of Income
$9,816,559
5,261,399
$2,212,770
1,310,136
1,348,441
about
'
'
10,542,152
operating- expenses..:-—
mi-
by
'
.
i
Net
output
The company is also
proceeding with the
is planting a second 500 acres of land
and
machinery and equipment for
Total
8,232,042
8,262,786
.
Newport Industries, Inc^—Plans Plant Expansion—*
•
$3,548,064 $65,526,944 $59,965,007
i
9,584
78,728
60,724
$9,504,391
___
rev—
Total
public
ft.,
cu.
p.
taxes
oper.
$4,345,395 $18,082,783 $18,048,601
'
$2,119,074*
to
oper.
New Orleans Public Service,
&c.,
applic.
162,
$4,312,136 $17,920,477 $17,938,794
%
37,720
■
divs.
439,840,000
production of
ago.—V.
year
1945—Month—1944 7% 1945—7 MOS.—1944
income
Net
20,733
12,399
4,642
$4,100,861
Balance
as
above
a
expenses
Operating
Operating
Property
*Pfd.
reported
1.37%
month
of 93%
to hold-
The corporation has signed contracts with Stone & Webster Engirefering Corp, for the construction of a plant at Oakdale, La., to cost
in Sxcess of $2,500,000.
The site has been bought and over 20,000
acres'of land leased for stump supplies.
The first unit will have a daily
output of 175,000 pounds Of rosin
and 3,700 gallons of
turpentine, and will add about 125,000 barrels
annually to the nation's rosin supply.
The corporation-, it Was said,
furnishes'about 12% of the country's rosin production and is increasing
$4,307,494 $17,908,078 $17,916,061
$4,097,030
2,019,507
Portion
is
or
,
V' .:,v;
6,174,942
1,641,734
1,436,155
$4,138,581
■
1945
ft.,
cu.
-
.New England Telephone & Telegraph
of
public,
August,
corresponding
Period End. July 31—
—V.
to
in
5,958,000
the
v. ;
....
Operating revenues
Operating income
Other income (netj
int.
of
in
720,281
plants .(.net)
Net
output
ft.
cu.
ago.
year
Uncollectible
revs-
lease
jrum
Gas
increase
plant
adjusts.-.
Properly retire, reserve
appropriations
Net
a
.
% 7
■...■
1,138,603
10,516,594
3,261,747
3.166,362 '
acquisition
Rent
•'■■■■■•-■/-v.;.
44,969,300
12,012,976
1,129,565 ' .4,474,780
11197,004
__
of
ended Aug. 31, 1945, the Association reports electric
54,915,630 kwh:
This is a decrease of 2,722,703 kwh., or
below
production of
57,638,333
kwh.
for the corresponding
,
.
$21,467,323 $20,857,134 $86,260,363 $84,409,024
____
taxes
taxes
'■'%
»
1945—12 Mos.—1S44
%;
expenses
Federal'
r.%
The directors have declared an initial quarterly dividend
cents per share on the 3%%
preferred stock, payable Nov. 1
of record Oct. 16.—V.
162, p. 989.
ers
;
month
of
output
(& Subs.)—Earnings—
1945—3 Mos.—1944
"
Operating
731.
p.
-
■>
ago.
month
and
For the
'
1945—8 Mos.—1944
$7,779,235' $7,364,180 $59,896,844 $55,195,835
Initial Preferred Dividend
{August Electric Output Lower—Gas Production Up—
Jhe directors on Sept. 7 declared a dividend of §1 per share on the
B stock,
par $1, payable Nov.
1 to holders of record Oct. 16.
Semi-annual distributions of 20 cents each were made on May 1, last,
1945—Month—1944
Sales
Dividend—
class
i
Period End. Aug. 31-—
the
on
1287
—
Bonds Offered—Mention was
issue of Sept. 10 of the
our
offering by a bank¬
syndicate headed by Morgan Stanley & Cd. oii
Sept. 7 of $55,000,000 collateral trust 4^% bonds; du^
Sept. 1, 1975 at 100 and interest.
The bonds were
ing
awarded Sept. 6 on a
Dated
Sept.
1,
1945; due Sept. 1, 1975.
N. Y. City. Redeemable at
Interest payable March I
optidn of company as a
not less than 45 nor more than
60 days' notice, and also redeemable through the operation of the
sinking fund on like notice.
Annual sinking fund, payable In cash
or bonds
of $1,833,333. Davable out of net income of the preceding
year (or* otherwise at the option'of the company)
with deficiencies.
and
Sept
whole
1
or'in
in
{
bid of 98.
part at any time upon
.
Underwriters
be paid out of subsequent net income. Annual payment
reduction in case of retirement of bonds otherwise than
through sinking fund moneys.
If earned, the 3ft'/* annual sinking
fund payments are sufficient to retire all of the bonds at 100 k by
Miaturity.
In the opinion of counsel these bonds will be legal invest¬
ments lor savings banks in the States of California, New Hampshire,
Hew York and Ohio, and for fiduciaries in the State of New Jersey.
it
Morgan Stanley & Co.—$3,289,000
the Interstate Commerce
by
Inc.
Commission.
Glore,
Purpose—Proceeds ($53,900,000, exclusive of accrued interest), to¬
gether with other funds to be provided from the company's treasury
to the extent required, will be applied to the retirement or redemption
the
due
series B,
Co.—
Weeks—
Hutton & Co.—
E.
1,540,000
&
Dain
M.
440,000
White, Weld & Co
1,540,000
through purchase at fore¬
properties and franchises of
Northern Pacific RE., a corporation created by an Act of -Congress
approved July 2, 1864, which built the first of the northern trans¬
continental railroads.
Company was incorporated originally as Su¬
perior & St. Croix RR. by special act of the Legislature of the
State of Wisconsin, approved March
15, 1870. By act of the Legis¬
lature of Wisconsin, approved April 15, 1895, the charter was generally
amended
to
enable
the company to
acquire the above mentioned
properties of Northern Pacific RR., which was then in receivership,
and by resolut on of the stockholders, filed July 10, 1896, the name of
the company was changed to Northern Pacific Ry.
Thereafter on Aug.
18, 1896, pursuant to- the plan of reorganizatoin of Northern Pacific
RR., the company acquired said properties and acquired control of,
Laurence M. Marks & Co.
1,250,000
branch
Stroud
—V.
162,
branch
line
4#
lien
Paul
bonds,
mileage
Jan.
1,
Iron
Cuyuna
of
as
RR.
Central
Rv.
1st
$5,284,851?
curtailed dur¬
taxes —
___-/
income
oper.
income
162,
2,186,056
982,883
23,057,485
8,349,075
21,684,162
6,882,062
$559,980
$4,326,820
504,473
4,007,271
$3,904,271
3,503,422
$614,213
576,403
—
784.
p.
order.
position
it
is
operating
2
revenues
Operating expenses
——^
Electricity and gas purchased for resaleMaintenance
Range
•Federal
Other
7,975,051
7,253,636
7,667,355
10,656,693
6,728,521
income
on
8,331,822
Div.
A
workers
income
•
.
22,792,830
Board
possible to produce for hunting th;s
However, many Western and Winchester
workers are re-establishing production lines for products which can
not reach the consumer for several months.
This is particularly true
of * the New Haven plant, where 6ome models of Winchester firearms
must be processed from basic forgings to final assembly.'WV. 162,
which it is
cartridges
and
shells
according to Mr. Olin.
fall,
1174.
■ :
'
23,004,668
L;—— '2
income
Gross
deductions
Income
22,879,172
14,159,169
13,628,466
subsidiary companies-—
of
Co., Inc.—New Interests Ac¬
^
above.—V. 161, p. 2451.
Stores Co.
Co. (& Subs.)—Earnings—
- 1945—3 Mos.—1944 - ; 1945—6 Mos.—1944
$2,582,180 $2,422,299 $5,152,332 $4,825,010
1,230.454 - 1,159,608
2,499,927
2,277,276
revenues
-
52,731
& repairs.
Maintenance
u
199,079
-
131,685
126,885
^
265,58.
$987,938
14,474
Balance
4%
mtge,
$892,542
.
.Net income
income
Total
bonds,
due
Dec.
■
$906,510
54,898
70,952
income.
from
& exc. profits
4s,
due
June
C
•
1,
D
1948
Common
I".
7,936,300
9,156,000
obligations
($100
scrip—16
and
conditional
sale
contracts
19,795,255
par)
shares
t247,981,000
($100
1,600
par)______
•Includes $1,700,000 held by Northwestern Improvement Co.,
owned
subsidiary of the company,
tlncludes
by Northwestern Improvement Co.
Debt
Reduction—-Between
reduced
company
its
Dec.
bonded
31,
1939,
$2,033,100
a
par
wholly
amount
June
30,
1945,
the
its
t^ ^12,824,073 as of July
of
$1,618 7,48
A
further
reduction
1,
1945,
$26,161,600
bonded
indebtedness
redemption
on
or
in
before
Northern
trust
,a
wonditional
result
Jan.
1,
from
the
1946,
equipment obligations
wil1 result from
the
1946>
$3,500,000
will
of
the
company's
retirement
proposed
all
reduction -of
a
in
refunding
and
,
between
issuance
June
on
30,
July
1945,
2,
and
1945
of
Pacific
certificates,
Ry. equipment trust of 1945 1V2% equip¬
the execution of
certain
conditional
sales
Payraents m&de or to be made
sales
contracts
during
that
on
period.
equipment trust and
of
Years—
1935
income
Net
Inc. Avail,
for Fixed
Revenues
Charges
Charges
Fixed
NetIncome
1940
$14,290,934
$431,782
16,136,863
14,320,079
in
6,693,837
3,593,719
income
taxes.
10,287,556
•Excluding reductions shown separately and further reductions re*
to, and applied against, items not reflected in income.
tResulting from deductions, in consolidated returns, for interest and amor¬
tization charges on securities of direct and indirect parents (in pro¬
cess
of
reorganization under Chapter X of
the Bankruptcy Act),
lated
of
will
deductions
which
be
not
available after consummation of
reorganization of such parents.
Income
expenses
.
reduction)
(excluding
_____
1945
$3,627,553
361,531
35,400
28,891
1944
$5,021,028
$4,626,984
2,022,712
1,186,667
...
taxes
Other
plan
1,024,653
—
income
Federal
of Parent Company
30—
income
General
a
4
$3,201,731
.12 Months Ended June
Total
1,068,700
983,400
$378,714
$346,857
$779,678
$715,897
44,460
88,920
' 88,920
$334,254
$302,397
$690,758
$626,977
$0.24
14,529,415
14,411,674
57,021,585
10,320,925
14,569,065
117,741
14,643,339 Def.4,322,414
14,495,411
73,654
deductions
Interest
convertible obligation
on
$0.21
$0,52
$0.44;
stock, of
_
44,460
held'by public.:.
in
—V,
income
Federal
-V.
162.
surplus
-
Operating
revenues
Uncollectible
oper.
$1,008,211
_____
,
1945—Month—1944
$105,488
$101,390
rev.
128
123
revenues-
$105,360
$1,338,632
14,648,882
1945—7 Mos.—1944
$739,402
$704,536
901
866
$101,267
60,291
$738,501
$703,670
66,446
433,720
405,893
25,329
187,437
25,520,430
13,709,349
13,160,985
$6,455
$15,647
$117,344
ended June 30—
—V.
162.
41,558,222 319.856,653 309,004,699
1174.
P.
Supply Co.—Earnings—
30—
Jf5
Pennsgrove Water
Ended
Months
12
revenues
Operating
revenue
10,196
77.270
v
operating
June
36,399
$23,094
$20,608
(incl. taxes) _r
income
—
.
42
*45
7.745
",558
7,295
6-"33
$7,833
$6,725
6,098
income
Gross
Retirement
71,596
J®4.4,.
ofcoS
35,622
________
deducts,
(net)
income
Income
$
$
$
41.763,382
Sales .:.
reserve
accruals
deductions
—
—.—
r.
$110,014
1,045
Net
Net
—V.
operating
income
income
162.
;
P.
Net
income
Dividend
—V.
678.
appropriations
160,
p.
Ohio Bell Telephone Co.—Earnings—
Period End. July 31—
revenues
oper.
___'
rev.
1945—Month—1944
1945—7 Mos.—1944
$5,898,888 $45,466,864 $41,384,197
9,931
i
6,226
58,237
50,600
$6,432,893
Operating
revenues—
Operating
expenses
taxes
Net
1944
75,076,825
11,150,194
6,951.086
4,199,108
Net
1945
72,970,407
12,540,023
6,560,250
5,979,773
—V.
operating
income
162,
p.
—
784.
___
$6,422,962
3,920,033
1,665,922
income
$5,892,662 $45,408,627 $41,333,597
3.510,159
27,064,808
24,127,199
1,575,880
12,405,082
11,481,085
$837,007
$806,623
$5,338,737
$5,725,313
789,319
767,294
5,739,631
5,512,518
4.336
—
2547.
Pennsylvania Power Co.—Files
Financing Plan—
pronosed a general financing program to the
Commission.
The program includes the sale,'
at
competitive bidding, of $y,793,000 30-year bonds to bear interest!
not
to
exceed 2%%
and the borrowing of $800,000 from banks on
The
its
installment
to
notes.
from
from
parent,
are
Exchange
and
Proceeds
rowed
bonds
has
companv
Securities
Operating
Months
Aug. 31—
187,763
16,303,917
14,428,722
immediate prepayment at parr
Co., Inc.—August Sales Higher1945—Month—1944
1945—8 Mos.—1944
(J. C.) Penney
Other
32,459
Uncollectible
26,870,334
Inc.—Calls $2,000,000 Debentures
6 authorized the
payment,
Period End
20,928
taxes
Operating
39,949,152
394.
p.
$2,000,000 of its
this
$1,317,704
expenses
7,757,019
30,952,799
•-
3'/» debentures due 1955 and 1956.
After making
the interest bearing obligations of the company will
agrgegate $10,000,000 consisting of $8,000,000 of notes and debentures
due 1947-1954 and $2,000,000 of debentures due 1951.
>;
Debt reduction of the company and consolidated subsidiaries since >
Jan. 1, 1945, agregates approximately $6,000,000, including the above
prepayment.
All domestic consolidated subsidiaries are now free of
funded or bank debt.
Debt of foreign consolidated subsidiaries aggre¬
gates approximately $5,300,000 which is owed by our Canadian theatre
subsidiary and which is payable in Canadian funds.—V. 162, p. 991.
;
of
1,286,569
17,800
taxes
__
Period End. July 31—
2,064.091
155,978,310
162,
Utility
15,100,303
151,531,732
share.
784.
p.
14.574,288
119,310,557
income
The directors on Sept.
36,188
24,733
Ohio Associated Telephone Co.—Earnings—
17,164,394
1944
per
Operating
Balance
22,331,307
1943
net
com.
Estimated
Earns,
333,123
$990,411
income
Net
Reduction
85,346,327
1942
_________
on
$
Balance
Income
68,714,635
_____
Federal
surplus
-
488,700
Paramount Pictures,
Balance
1,816.784
64,851,199
6'3,882,433
—
1939
$14,722,716
61,906,306
____
—...
Operating
Operating
$53,845,654
1936
998,983
1,286,569
7,565,474
3,794,329
Utilities Co.__
NJ
obligation
Operating
Earnings
Railway
Calendar
683,842
1,186,667
11,359,803
NY PA
of
convertible
on
Operating
Summary
profit
pfd,
Net
Divs.
r
8,979,389
or
improve-
„b?nds,' series B> outstandlng, and the issuance
cf ^lateral trust 4>/2% bonds, but a net increase of
?
'
$2,587,550
Interest
Statement of
and
indebtedness
by
$29,988,500,
but
in¬
equipment obligations by $11,326,943, so that net reduction
in
funded
debt,
including equipment obligations,
was
$18,661,557.
During the same period the company issued equipment obligations
amounting to $28,674,062 in connection with the purchase of new
equipment.
Cash payments totaling $18,361,214 were made during
this period for equipment paid
for in cash and for down payments
on
equipment trusts.
Annual interest charges on funded debt, in¬
cluding equipment obligations, were reduced from $14,442,821 as of
creased
8,720,004
259,385
,127,474
110,155
■
568,800
(estimated)
taxes
18,953,000
*81,161,600
stock
Fractional
,9,435,983
—
deductions
Income
tReduction
1, 2047:
5%
Equipment
59,730
period
778,500
253,000
5%
Series
1,
1996
252,706.
$1,826,771
$1,958,534
'
'
6%
Series
Balance' U__
.
$1,929,347 >1,799,873
13,967- u- 29,187
26,898
3 $1,002,412
income
Fed. -inc.
sub.
54,445,000
due March
4s,
9,376,203
_______
_
acm
398,367.
357,410
179,366 »■
amort,
Deprec., depl. &
Deducts,
>
&
•...
Operations
196,725
.
_
sub-normal supply of shot-
making available the
in
22,682,447
211,839
...
...
(net)—
Industries plants
Olin
two
Production
Other
Operating income
roller skates and other specialized products.
will co-operate fully with the War
and batteries,
flashlights
7,934,857
-,
Net inc. of subsids. sold or dissolved during
4 V2Vr
B
6
in the production of ammunition, non-ferrous meiais,
specialties, smokeless ball powder and other explosives.
The
Repeating Arms Co. division at New Haven, Conn., will
have work for 5,500 men and women in the commercial manufacture
of Winchester rifles and shot guns, ammunition, non-ferrous metals,
10,569,290
——
taxes
Other
said.
ammunition manufacturing departments to
operations will swell the employment total of both plants
to
approximately 10,500 as compared with pre-war employment cf
7,200, Mr. Olin declared.
:
The company's annoucement further added:
1
"The Western Cartridge Co. division at East Alton, III., will employ
10,565,294
10,974.487
taxes
ammunition
authorized by the
as
reconversion of
Prompt
Period End. June 30—
38,583,551
;___
commercial
be
Pacific Public Service
40,716,030
—
,
will
production
the
in
peacetime
1944
—
:
for
6.
Sept.
Included
hunting, crop protection and predator control
War
Production
Board on Aug. 31, Mr. Olin
See City
104,317,595
;
Arms Co. and
Olin Industries,
approximately one third more
John M. Olin, President, announced
for
Inc,
will provide employment
workers than the pre-war level,
on
lv -s '
'1
Cartridge Co.,
Oppenheim, Collins
109,114,267
_
One-Third Higher in
Be
of the Winchester Repeating
the two principal divisions of
operation
Post-war
Operating
Total
Employment to
quire Stock—
1945
.
,
_
.
.
Haven,
New
Post-War
(& Subs.)—Earnings—
12 Months Ended June 30—
-
-
-
facilities serving
and
111.
Two Plants—
not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
as possible.
NY PA NJ Utilities Co.
all of its brass mill business into an
Western Brass Mills, it was an¬
>
the division are the brass mills at East
Conn., operated in connection with two
other divisions of Olin Industries.
These are the Western Cartridge
Co. division
at East Alton and the Winchester Repeating Arms Co.
division at New Haven.—V. 162, p. 1174.
»
■"
p.
reasons
.
,
Consolidates All Brass Mill
—
metal
$4,728,919 $35,733,380 $32,470,495
$5,279,037
3,461,520
1,203,304
..
Winchester
1945—7 Mos.—1944
$4,733,577 $35,776,729 $32,499,535
4,658
43,349
29,040
,
5.814
NOTE-f-For mechanical
1,000,000
Series
1941
was
7.
Sept.
on
Production
$103,765,600
__
due Jam 1, 2047
1st consol. mtge.
Series
1938
of service which
1945—Month—1944
expenses
Net
1945
June 30,
1997
Refunding and impt. mtge. bonds, due July
1937
(Del.)—Weekly Output—
Co.
Depreciation of prop., plant & equipment—1
the
serves
Outstanding
due
bonds,
Paul-Duluth
ment
110,000
.
Alton
that restoration
revenues—
possible
Duluth
&
1, 1968
Washington
held
Rice & Co
825,000
this company for
kwh., as compared
Operating
Project, which will receive its water from the Grand
3%
lien
General
St.
Irving J.
825,000
Operating
Net
$1,931,511
corporation has consolidated
division designated as
The
"The
■—V.
$2,472,572
-
Dam.
Capitalization
St.
nounced
Period End. July 31—
Operating
$128,804
integrated
110,000
Operating revenues —,
rev.
Uncollectible oper.
rev.
including the irrigated and highly developed Yakima Valley in Wash¬
ington, and also the fish and lumber industry of the Pacific Coast
areas.
Its main line
and branches
will serve the large Columbia
Prior
275,000
881.
p.
$3,618,997
1,687,486
Business—
5,000
,
the grain and potato-growing areas of Minnesota and
North Dakota,
the grain-growing,, lumber and mining Industries of
Montana, Idaho and Washington, the fruit and berry-growing areas,
Coulee
& Co-
Atkinson, Jones «fe Co-
Northwestern Bell Telephone Co.-r-Earnings—
Minnesota,
Basin Irrigation
Woodard-Elwood
flight daily in each direction.
also has on file with the Civil Aeronautics Board ap¬
plications for routes to Honolulu and to Tokyo, Shanghai, Hong Kong
and Manila.
The board's examiners recently recommended that North¬
west be granted the application to fly to Tokyo, Shanghai, Hong Kong
and Manila by way of Alaska and Pharamushiro in the Kurile Islands.
miles,, of which 4 mles Is double track.
and
1,100,000
1,100,000
The company
miles of main line from St. Paul, Minn., to Portland, Ore.,
and Tacoma, Wash., is double tracked for
668 miles,
including St. Paul to Buffalo, North Dakota, 288 miles (except 31
miles, Gregory
to Philbrook, Minn.),
Garrison to Missoula, Mont.,
69 miles, and Seattle to Portland, 186 miles and numerous shorter
sections aggregating 156 miles.
In addition, it has alternate-main
lines between Logan and Garrison, Mont.,
122 miles, and between
fie- Smet and Paradise, Mont., 64 miles, so that there is double track
or
alternate main line continuously from Livingston, Mont., to Para¬
dise, Mont., a distance of 311 miles.
It also has an alternate main
line, Tacoma to Tenino, Wash., via South Tacoma, a distance of 40
main
Co.
There will be one
ington.
Seattle
Its
275,000
275,000
ing wartime when the Army requisitioned half of the airline's fleet of
airplanes, went forward another step when Northwest Airlines re¬
sumes flights Sept.
15 into Wenatchee, rich orchard section of Wash¬
Its 2,066
in
—
& Co._
E.
Northwest Airlines, Inc.-—Resumes Another Service-
other railroads and consist prncipally of
In addition to the operated mileage, the com¬
not operate, 42 miles which are leased to other
pany owns, but does
railroad companies,
and
& Scrib-
—
of
announced
$3,542,458
1,069,886
Industries, Inc.
Olin
Wood
ner
with
mileage.
line
branch
Deane
275,000
Co-
Western
it is
117,443
463,
p.
Singer,
States Power
41,612,000
$246,247
83,500
275,000
Northwest
the week ended Sept. 8, 1945,
with 39,161,000 kwh. for the
corresponding week last year, an increase of 6.3%.—V. 162, p. 1174.
totaled
162,
Harold
&
output
$7,449,874
3,830,876
$275,212
--
Balance
—V.
1174.
p.
Electric
wholly owns 6,533 miles or the operated mileage above
Jointly owns with other companies 31 miles, and leases
lease '52 miles.
250 miles are operated under
contracts
trackage
162,
$6,966,197
3.423,739
275,000
1,100,000
1,100,000
Inc
Northern
319,280
pfd. stock
on
1,100,000
Whiting, Weeks & Stubbs
—V.
$565,528
$191,712
Income
Net
Divs.
Co._
Co.—_
Co.,
&
&
Pacific
10,426,441
212,411
Income
Gross
275,000
Co.
1,100,000
1,100,000
___
(Inc.*
&
Anthony
Wisconsin
The
999-year
a
Rothschild
F.
Tucker,
The company
under
—
Hemphill, Noyes & Co.
W. Pressprich & Co.
ganization. bv Northern Pacific RR.
In
1900
the
company
purchased the railroad and branches of
St.
Paul & Duluth RR.,
extending from Minneapolis and St. Paul
to
Duluth and Superior,
including important terminals, docks and
waterfront facilities on Lake Superior at Duluth.
Under its revised charter the company was granted authority to
construct or otherwise acquire branch lines extending into or through
any
State or territory of the United States or extending - into or
lying within the Dominion of Canada,
There is no limit upon the
term of the company's corporate existence.
In 1901, the Company
and Great Northern Ry. jointly acquired
control of Chicago, Burlington & Quincy RR. and, in 1905, jointly
organized Spokane, Portland & Seattle Ry.
The company has never defaulted in payment of principal of or
Interest on Its funded debt.
The rairoad of the company was the first trans-continental railroad
to
be
constructed to the North
Pacific Coast.
Company operates
6,866 miles of standard gauge railroad extending from Ashland, Wis,,
St.
Paul and Mnneapolis and
the Lake Superior ports of Duluth
and Superior to Seattle and Tacoma, Wash., and Portland, Ore., and
other
ports
on
Puget
Sound
and the Columbia River,
runnning
through the States of Wisconsin, Minnesota, North Dakota, Montana,
Idaho, Washington and Oregon.
Its operations in Manitoba, Canada,
which terminate at Winnipeg, are conducted by the Midland Railway
of Manitoba, a subsidiary owned jointly with Great Northern Ry.
mentioned,
Co
<fe
R.
L.
of numerous
to the reor¬
brought into unified ownership, the properties
line and terminal corporations, controlled, prior
later
and
Drexel
Harris, Hall & Co.
4,016,634
10,710,401
275,000
W. H. Newbold's Son
Company—Company is the successor,
closure sale, of the railroad, land grant
4.086,089
721,928
—
440,000
Fahey, Clark & Co.——
Folger, Nolan Inc
J. J. B. Hilliard & Son—
in the hands
339,822
$487,623
taxes
Int. and other deducts.
440,000
275,000
of -.the
for
440,000
Co.—
&
"
340,997
845,068
amortization
440,000
Chas. W. Scranton & Co.
J.
1,162,629
440,000
Co.
Hayden, Miller & Co...
Kalman & Co., Inc.—
Maynard H. Murch & Co.
Lee1 Higginson Corp.— 1,540,000
F. S. Moseley & Co.— 1,540,000
Paine, Webber, Jackson v.
& Curtis *——— 1,540,000
for
Provi
Prov.
' 1945—12 Mos.—1944
$2,738,621 $36,607,354 $34,646,123
1,111,342 14,844,666 12,753,113?
1945—Month—1944
$2,836,318
—
expenses
deprec.
and
440,000
Shepard &
Hawley,
1,540,000
1,540,000
Hornblower
W.
110 plus interest, of
mortgage 6% bonds,
July 1, 2047, of which there are $81,161,600 outstanding
of the public, and $10,976,000 held alive in the treasury
company on or before Jan, 1, 1946, at
entire issue of refunding and improvement
the
by
3,286,000
1,540,000
&
550,000
revenue
Operating
1945
Co.- -Earnings—
Period End. July 31—
Gross
550,000
—
& Co-
Baker, Weeks & Harden
First of Michigan Corp.
Co.—
Hallgarten
550,000
Milwaukee Co.——
The
Rlter & Co
3,286,000
______
&
550,000
Co.—
Dean Witter
Bros. & Hutzler
Forgan
Illinois
550,000
Sons—
&
Brown
3,286,000^
Co
&
Brothers
Salomon
,
,
,
Loeb
Lehman
The
—3,286,000
—
Kuhn,
bonds are subject to author¬
and sale of these
Issuance—The issue
isation
Alex.
Wipple & Co—- $550,000
Bacon,
Blyth & Co., Inc.—--— 3,286,00Q
Goldman, Sachs & Co.—. 3,286,000
Harriman Ripley <te Co.,
to
Edison
Ohio
to
any
subject
Monday, September 17,
CHRONICLE
THE COMMERCIAL & FINANCIAL
1288
the
banks
':
Ohio Edison Co.,
be
and
generator
generating
estimated
used
to
to
1
t
,
of the bonds with the $800,000 to be bor¬
contribution of $600,000 to be made by its
sale
and
a
to the common stock equity of Pennsylvania,
the $8,193,000 outstanding 3V2% and 4%
refund
provide for construction of a new
35.000-kilowatt turbo¬
boiler unit at the company's New Castle steam-electric
plant, and additional transmission facilities which it is
will cost approximately $3,200.000.;—V. 159, p. 2675.
and
(Continued
on page
1324)
•.
;
«Volume
Number 4421
162
THE COMMERCIAL & FINANCIAL CHRONICLE
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery tales are dlarecarded In the day* range,
New York Stock
«»
WEEKLY
-
furnish
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
Figures after decimal point represent one or more 32d of a point.
<
week.
we
a
Treasury
Sep. 8
Prleea
Daily Record of U. 8. Bond
Sep. 10
Sep. 11
Sep.12
Sep. 13
Sep. 14
Daily Record
f High
'
[close
Total sales In SI,000 units.
,
,
(High
Total sales In $1,000 units
Sept.,
in
Total sales In $1,00C units
Total
113
113
[Close
(High
1 Low
2y4s
100
sales In
"77
V
—
—
ZH
ZZ~
HH
ZZZ
■
HZ
units
HZ
ZZZ
ZH
V
HZ
—Z1
.?•
—
"
—
~
<
{TfS
1956-59
■
«
,
ZZZ
■
(High
ZZZ?
ZZZ
ZZZ
/V//
;
(High
,
IClose
—
f Hign
—
'
1847
\ Low
(Close.
2
'
ZZZ
H"*
.
>
ZH
ZZZ
102.26
■■}■■■'
102.26
-
—.
'
ZH'
>
\
—
___
.■
„Z
"
100.15
—
$1,000 units
;V^
''
100.15
'100.15
—
{ Low
ZH
Z-Z
■■
^
.
2s,
ZZZ
—
$1,000 units
Total sales In
102.26
$1,000 units—
5
I Hign
2s, March
1948-50
\ Low
I Close
Total sales
(Higo
In
\ Low
[Close
(1,000 units
Ss, Dec. 1948-50
(Hign
2%s, 1956-59
Total sales In
(Hign
Low
j
[close
Total sales In $1,000 units
$1,000 units
\ Low
2%s, 1958-63
2s, June,
[Close
1949-1951
\ Low
(Close
;
Total sales'In $1,000 units
(High
•
1 LOW
2%8, 1960-65
[Close
j
Total sales
(High
In
$1,000 units
—
Hign
Low
(Close
Low
f
2s,
[Close
Dec.,
1949-1951
]
Total sales In $1,000 units
Total sales in
(High
$1,000 units
(High
{ Low
1948
2s,
( Close
March,
1950-1952
-f Low
(Close
Total sales In $1,000 units
Total sales In
(High
$1,000 units
Low
l%l, 1949-53-
(High
2a,
Close
Sept.,
i
1950-1952
Total sales In
f High
$1,000 units
(High
\ Low
2%s, 1950-52
2s, 1951-1953
(Close
{ Low
[Close
Total sales hi J1.000 units
Total sales In
(High
1352-64--
(ciom
3s.
$1,000 uni(s
[High
1951-55
J
Total sales In $1,000 units
f High
Itts, 1956-58
(High
] Low
2s, June,
[close
Total sales in
f Hleh
-i Low
(Close
2s,
Dec.,
102.26
j Low
(Close
1952-54
sales In $1,000 units
102.26
102.26
$1,000 units
2
[High
{ Low
1952-54
102.27
Total sales In $1,000
f High
{ Low
(Close
2%s, 1963-1968
101.18
(High
Low
(Close
*6
j Low
[Close
1
(High
$1,000 units
101.16
101.16
Total sales In $1,000 units
(High
1%S
1948
j LOW
(Close
31
Total sales In $1,000
101.14
{ Low
[Close
Total sales In
101.16
101.18
101.18
101.14
units—
101.14
Total sales In $1,000 units
102.26
(High
1953-55
Total sales In $1,000 units
i
102.26
102.27
units
.
2s
102.26
102.27
[Close
Total sales In $1,000 units
[High
(High
Total sales In
101.7
Low
101.4
101.4
101.5
101.4
101.4
101.4
101.4
101.4
101.5
101.4
101.4
101.5
10
1
5
5
$1,000 units
15
101.7
101.7
101.4
101.4
[Close
4
101.4
j Low
l%s, 1950
(Close
1965-70
^ow
(Close
Total sales In $1,000 units
1964-1969
Low
[Close
Total sales In $1,000 unit#
2%s, June, 1964-1969
Low
(Close
--
2V2S, 1962-67
I**
(High
2s, Sept., 1949-1951
Total sales In $1,000 units
1945
riigu
I
Total sales In $1,000 units
<
Total sales In $1,000
I_
'
;
HI
$1,000 units
Total sales In
Close
2yas
'
__
—
Low
2%s, Dec.,
HI
.
—
Ill
1
•2
(Hign
j Low
Total sales In $1,000 units
Total
_HL
Low
.
[Close
2% 8,
Low
11
m
Low
2y»s, 1959-62—'
100
Total sales In $1,000 units
1%8,
__
(High
Total sales in
100
[Close
•v
100.22
1*2
___
—
(Close
*4
Total sales In $1,000 units
100.22
—
,
113
Total sales In $1,000 units
2%s, 1948-51
___
100.21
Close
(High
2%S, 1945-47
100.22
100.21
(High
.
2%a, 1954-56
] Low
2%s, 1955-60
I"
100.2*1
100.21
100.21
units—'——
1952-55
Low
(High
I
"I
100.21
"
\
Total sales In
$1,000
_IZ
—
units
$1,000
Sep. 14
'
___
...
iClose
$1,000
Sep. 13
101.4
101.4
101.4
\ Low
.
2 y4s,
Close
r '
,
___
1967-72
Total sales in
[close
'
—
$1,000 units
%s, 1951-53
Total sales in $1,000 units
(Hign
\ Low
;
(High
2
[Close
Sep. 13
.
(High
{ Low
■
„
Sep. 11
*
(Close
Total sales
| High
j Low
year.
*2Yz
,
2%s,
Sep. 10
$1,000 units
in
the
Exchange
—
I High
[close
Total sales In $1,000 units
Sep. 8
[Close
,
in
for
range
.
Prices
Low
Total sales
| Low
3S. 1946-48
Bond
/aS, June 1967-72
m
VaS, 1949-52
8.
...
2
[Close
Sfts, 1946-49
U.
High
Total sales
Total sales In $1,000 units
3
/
m
(High
J Low
»%s, 1946-56
of
the
the New York Stock
Exchange during the current
on
Treasury
2%s, 1966-71
] Low
AV48, 1947-52
Exchange
YEARLY
■
unlets they are the only transactions of the
day. No account Is taken of tuch sales in
computing
United States Government Securities
Below
1289
units
•Odd
lot
sales.
^Transaction of
registered
bond.
3
—.
NEW YORK STOCK RECORD
STOCKS
Saturday
Sep. 8
$ per share
69%
•69
*111%
112
Monday
Sep.10
t per
share
69%
70
►111%
112
Tuesday
Wednesday
^
Thursday
Sep. 11
*
Sep. 12
f per share
$ per share
1 per share
71
71
71%
112
•111%
•70
71
•111%
112
*111%
Sales for
Friday
Sep. 13
Sep. 14
72
112
*111%
YORK
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
600
72
Par
Abbott Laboratories
4%
112
76
75
75
15
15
15
15%
14%
15
14%
15%
6,200
ACF-Brill
30%
30%
30%
31
31%
32%
33 Va
34
34
343/4
34
34%
3,100
Acme Steel
16%
16%
16%
17
16%
16%
16%
16%
163/4
17
16%
16%
8,600
42%
•39
28%
23%
45%
45%
110
•105
7
7
•39
28%
45%
►105
6%
42%
*38
41 %
28 y2
29
29 y8
45%
110
7%
4%
4%
4%
4%
46%
47J/4
46 %
48%
•62y2
33%
65
33%
•62%
65
33%
33
98
98
•18%
,
18%
171
171
18
18
30%
For
30%
•96%
•18%
*169
*17%
30%
78
101
45%
46%
110
*105
*75
*38
29%
46%
•105
6%
4%
4%
49
48
6%
29%
47%
♦105
15 3/s
15
41
*38
29%
29
48
463/4
110
•105
78
10
-•
15 '/a
41
—
1,600
29%
100
Abraham & Straus
lll'AApr
Motors
7
Air
Alabama
15,100
8,700
64%
*62%
64%
*62%
64%
33%
33%
33%
33%
♦62%
33%
34
*96%
101
18%
18%
170%
170%
17%
*17%
30% '31
5,600
4%
49%
64%
-
7
4%
48%
33%
*17%
6%
4%
49%
33%
101
7
4%
*62%
*96%
7
48%
31
18%
171
*98
18%
171 %
100
*98
17%
17%
31
31%
31 %
20
Reduction
&
Alaska
Inc
Juneau
183/4
1,000
Min
Allied
17%
400
31
31
3,100
Chemical
Allied Kid
&
No
Co
Allied Mills Co Inc
9% Jan
2
17
2
49
22
120
6% Jan
2
8
No
oar
Sep
Apr
24
July 10
8% Jun
21
2% Jan 24
5% Jun
11
34% Jan 22
60% Jun
21
Jan
23
68 Va Mar
28% Jan
24
34% Mar
91
Jan
11
13% Jan
2
104
'
Highest
I per share
04%
Jim
114
Jim
64
Dec
10%
Dec
Jan
lT
Dec
26 V2
Jan
33
Dec
19%
Jan
24%
37% May
75
5%
2
Jan
Apr
Mar
Oct
43
July
100
Dec
7% July
3y4
Dec
Jan
30
Dec
1
37
Jan
02
Dec
7
24%
Apr
70
Jan
29% July
91
Dec
May 28
Sep
1944
23%
18% Aug 29
172
Feb
Jan
8y« Aug
41
Sep- 4
30% May 19
98% Jan
153 % Mar 26
52%
108% Nov
*47
10%
par
56
I per share
Id
6
par
Aug 31
16% May 19
34% Sep 13
22% Apr
39% Jan
1
Dye
15
75
32% Jan 24
10
Allen Industries Inc
1,800
14
115
Par
Allegheny Corp
1
5%% pf A with $30 war
100
$2.50 prior conv preferred-No
par
Alghny Lud 6tl Corp
No par
Alleg & West Ry 6% gtd
100
169%
Sep
Jun
9
100
No
Gold
72
15
25% Apr 23
13 % Mar 26
10
Vicksburg Ry
17%
•
No
'
Jan
60
1
Corp
18%
'
2.50
10
169%
18%
172
17%
101
9,100
Co
Co
Address-Mutigr
9,700
4%
No par
Express
Adams-Millis Corp
'f.::
47%
110
49%
18%
47%
110
*38
*75
4%
170%
30%
29%
15%
78
48%
18%
footnotes see page 1299.
41
*75
1
7
170 %
18
78
22
Lowest
I per share
share
60% Jan
Adams
•75
I per
No par
preferred
•74
Year
Lowest
Shares
I per share
71%
NEW
the Week
7
9%
141
Jan
Apr
13%
157
Oct
Dec
2
20% May
3
13% Mar
10%
27% Aug 21
34% Mar
1
29
35 Vs Mar
15% Jan
Aug
Feb
Monday, September 17, 1945
CHRONICLE,
COMMERCIAL & FINANCIAL
THE
STOCK RECORD
NEW YORK
Mange for Previous
STOCKS
HIGH balk prices
LOW AND
:
gatvrdav
Sep. #
32%
'
:
32 %
ioi y8
51%
ioi %
51%
*127%
129%
33%
5%
33%
•5
36%
*65%
76%
67%
32%
76%
18%
18%
•32
75%
116 %
>•
♦188%
61%
61%
62%
15%
39
39
39
7%
15%
39
5y»
5y8
5%
5%
8
52
♦79%
81
ii %
36%
28
:"
29
,
100% 101
100
52%
•50%
80%
*79%
9%
9%
5,600
9%
9
9%
9%
9%
97%
96%
97%
100
97%
*97
*96%
96%
11%
i 3,600
51
37
36%
37
36%
131
14%
13%
14%
7%
7%
79%
79%
79%
73 %
72%
73%
71%
73
16%
17'A
16%
17 Va
17
17%
183
♦180
183
♦180
23
90%
00 %
24%
24%
24%
24 %
24%
24%
24%
24%
24%
30
26 %
267/b
27%
28%
36
36'A
36
37%%
57%W
56%
56%
57
170%
170 V2
*46
'
157
♦153%
'
22
22 V'';
29
30
1
154
"18%
18%
58%
58%
*107%
16%
*107%
109
'
20%
20
20%
20
>
-
113
113
-
7% H 7%
7%
7%
51%
51
51
35%
♦109
35%
noy2
35%
42%
14
;
*13%
*42 y8
*12%
7
*42
51%
51%
51
6%
50 1
36
37%
110%
*109%
110%
*109%
110%
42%
42%
42%
41%
42%
♦42%
42%
*12%
14
14
14
14
42%
•
V-14
♦115
116
116
7
26
24%
25
23%-
24 y8
10
10
10%
10
10%
9%
129
*127y8
54
54%
55%
56
57
14%
14%
14%
14%
14%
*14%
*14%
15%
14%
14%
14%
14%
1,200
27%
27%
5,700
53%
53%
♦14%
15
127%
129
15
15
15 y8
14%
14%
28%
28
28
27%
28 v
28%
28
*123
125
123%
123%
*122
*123
126
123
123
*50
51
124'
51%
*51
♦106%
107%
)
—
131
*50
*50
♦108'A
108%
*107
108%
87%
89 y2
88
88%
107 y2
107'A
107 %
63%
64
65%
64
107
■
i
*55%
»
*75
;*115
i
*24
f
*14
36%
33%
«
25%
14%
33%
113%
75
74%
116-
116%
25%
*23
14
*13%
22%
103
22%
7%
28%
19%
32%
33
'*101
i
75%
116
*22y4
7%
102
*101
89%
108%
*72 %
33%
18%
88
108
33%
33%
57
108%
89%
72 %
33%
18%
20
37%
72%
*55%
100
*107
108%
87%
36%
*70%
18%
50
107
72%
36%
72 y4
57
50
107
36%
36%
*70'A
113%
51
67%
*35%
18%
120
7%
66%
72'A
,*113
120
180
67%
35%
113%
130
121
108'A
*7oy4
*113
124
121
107%
64%
33%
124
18%
*55%
74
116%
24
♦13%
*101
•
33%
113%
112
18%
18%
56%
*56%
24
14
103
57
76%
75%
75
73
♦117
118
*117
*24
25
*24
75
116%
18%
18%
*55%
18%
57
*13%
*101
73
119
;24%
119%
30
24%
100
14
7%
7%
7%
8
7%
28%
28%
29%
28%
29%'
29%
29%
20
20
20%
20%
21
20%
21%
33
33%
33
33%
33%
34%:
33
34%
18 %
18 %
18%
18%
18 3/4 V
72
70 %
71%
70%
37%
37%
X36%
30
30
29%
53
*523/4
8
.
'7%
8
700
14
14
•102
23%
860
76%
76%
'
Atl
4,800
23%
W I SS
&
G
5%
non-cum
4%
Lines
preferred
Refining—:
Atlantic
pref series A—
conv
Corp
Atlas
preferred
5%
prior A mm ml mmmm mm
Dal (The)
15,000,
Aviation
Corp of
33,800
Baldwin
7%
28%
29%
20%
21%
49,400
34
34%
9,000
183/4
18%
600
70%
80
»
5
65
Mar
76% Oct
9
4
Jan
61
i
*17%
18%
*17%
18
*17%
*70%
36%
72%
70%
71
*71
36%
36 %
36%
*29%
29%
30
30
♦29%
52%
36%
♦52%
53%
53
53
19%
19%
19%
19%
13%
18 %
18%
18%
17%
♦39
*42
*108
*11%
*35
*120%
17
17%
37%
30
*52%
52%
19%
19%
18%
19%
29%
20
19%
29%
21%
70%
37
29%
29%
293/4
900
53
523/4
523/4
140
19 %
8,500
19%
19
18%
18%
18%
18%
18%
41%
,
*41%
39%
39%
41%
*413/8
42%
*39
43%
*41%
44
*41%
44
*42%
43
44
*41%
*106%
*106%
109
♦106%
109
*106%
109
12
37
125
17
For footnotes
109
12%
12
12%
*35%
125
121%
17
*16%
17
16%
page
12%
37
♦120%
37
17
see
12%
125
♦36
*120%
1299.
*35
12%
37
121%
17
12%
1,600
37
37
39 Va
40%
70%
•
1083/4
13
43
*106%
12%
*
11,000
18%
42 %
43
9% July
Sep 11
6%
Jan
X 9% Aug
II
Feb
24 %
9
8%
Jan
12% July
Feb
26
20
6
115%
142% May 24
51
V
Sep
'
*
37
*35%
37
124
*122%
124
16%
16%
16%
16%
Asphalt Corp
Barker Brothers
preferred
5% %
■
•
■
Bath
Iron
—-
200
1,000
Co
Works Corp
Cigars Inc
Bayuk
:
Oil
Barnsdall
Beatrice
—j.—
"
Barber
100
4,500
12%
*35%
*122%
preferred
Bangor ft Aroostook
Conv 5% preferred
Creamery
$4.25 preferred
-
Jun
2
3
44%
40
Feb
1Q
9
Jan
Mar 16
163
Jan
17% Sep
2
184
Jan
2
2
Dec
-
3% Aug
Feb
3
Oct
43
v
Jan
7 4 % July
*
Dec
Dec
130
Feb
32
2
14
7% July
/v
82% July
-
2
22
Dec
30
14%
Mar
31
y
2
Dec
Jan
14% Jan
26
Jun
28%
Feb
Aug 31
30 % Aug
f
50
Jan
14%
80%
4
10
37% Sep
116
111%
46
51% Sep
66% Dec
;
60% Dec
12% Aug
Aug
..*180
23% Sep
12%
Jan
17% July
62 Va
Jan
77%
4
Sep 14
Dec
2
92
4
13%
Jan
18%
Sep
15
25% Apr 17
30% Sep 12
13%
Feb
19%
Dec
Feb
15
26%
Jan
37 %
Dec
57% Sep
12
36%
Jan
Jan;
40
Aug 21
2
3
4iy2 Apr
9
47
Feb
9
164
153
27% Jan
Iff
22% Jan
/
Mar
Aug 21
12
2
128% Jan
29% Jan
-,
35
Jan
2
87% Sep
19% Jun
43% Mar 27
v
13% Mar 27
60
Sep
Jan
Jan
17% July 10
Jan
16 % Aug
Jun
14
84%
Jan
29% Jun
28
6%
Jan
128% Jun
28
22
Jun 22
67%
Jan
8% Jun
III
83
29 % Jan
2
6
6
37% Sep
?
12
44% Apr
2
7% Jun
18
Sep
11
10% Sep
14
23% Sep
6% Jan
.
26
13
2
132
Mar 27
111
42 V4 July
'
57
27
Jan
Jan
29% Jun
113
No par
Beech
Aircraft Corp
Beech Creek RR
Beech-Nut Packing Co
—1
—50
20
Beldlng-Hemtnway
No par
Dec
Jan
28% Julv
14%
9%
Jan
127
Jan
111
Jan
125
Mar
45
Jan
106
Apr
Jan
107%
Dec
Jan
119
Jan
35%
Apr
46%, Jun
9%
Feb
12% July
31
76% Jan
113
Jan
113% Nov
48% Jan 22
33% Feb
-1
71% Sep
7
55% Feb
77
Feb
36% Feb
15
58
19
Jan
Jan ; 2
2
5% Jan 24
14% Jan
119
May
25% Aug
16% Jun
102
Jun
9 %Jun
38%
Nov
76
Nov
6
24% Aug
9
11% Jan
22
19% Jan
31
44% Jun
12% Jan 31
Mar 27
32% May
114
Feb
Jan
17%
53 %
Jan
57%
Oct
62
Jun
52% Apr
112
May
7
Apr
Dec
15% Nov
3%
Jan
v18
Dec
23%
Dec
Jan
14%
Dec
79
July 13
31
9
54
Jan
68 %
21% Apr
23%
60
Apr 30
25
Feb 28
32% Jan
19
Jan
23
36
3
22% Mar
41% Sep
44% Jun
110
Jan
9% Apr 25
15% Jun
Aug 17
20
40 % Jun
35
114
Jan
12% Jan
12
14%
4
18
Jan
Sep
Dec
Dec
July
"
14% Aug 17
106% July
May
Dec
13%
Jan
9%
3
26%
Apr
Dec
Jan
22
2
6
5%
Jun 21
16% Jan
Dec
13% May
14%
66
23
17% Jan
50% Jan
20
Jan
84 % May
9%
7
Dec
120% Aug
14% May
44% May 16
29% Aug
Oct
107%
28% Jun 26
66
Dec
11%
14
28
30% Jun
Dec
Feb
106 %
24% Jan
13
18
9
26
22
23% Sep
55
;*
59% Jun
Jan 23
76% Sep
Jan
25
19% Jun 27
2
113
Jan 25
18% Jan
6
10% Jan 22
60
Dec
Jan
25%
114% Aug 28
20
14% Jan 22
Apr
Nov
83%
Jan
82
1
7
80
30 % July 27
110
Sep
108 %
Jan
53%
25
40% May
Dec
45%
May
103%
25
79% Jun
Dec
Jan
33
114% May 19
gan 30
101
Jun
19%
Jan
85%
108% Mar 23
Jun
13%
Jan
90
4
101
"
8%
12 %
July 26
12
6% July
4%
85
25
50% Sep
Dec
4% Aug
74%
26
Jun
:•
Jan
15% Aug 28
18
25
Dec
39 *:
?
yjan
9
15% Jun
2
11V2 Jan
No par
29%
-
15
Jun 16
Sep 13
10
50
5
1
Dec
Jan
24%
2%
"
6
117% Jun
102% Mar 27
No par
65
30
30
112% Apr
-4»/8 Jan
Dec
Feb
20
July 20
15% Mar
Dec
6% July
Jan
25
38%July^8
12% Aug 17
109
100
——50
100
—10
9%
,44
x56% July 12
24% Jan
Nov
100
107
4
36% Jun 26
38% Jan
*
3
Jun
Apr
2
60% Jan 23
—100
1
100
25
100
5
50
Dec
6%
5% Mar 27
-
15%
49
116%
100 Va Mar 26
:
July
120% July
23
11
.
Dec
July
152% July
Apr
Jan
8V4 Jan
9
■
:
8% Jan
39%
12
Jun
75
75
Jan
99% Jan
/
-
Dec
31%
139/
26
Dec
; Dec
166%
/ 57%
121% Mar 15
116% Sep 13
.
132
Jan
56%
Jun
xl61
3
145 V4 Jan
y
*'4f 56
Jan
156
88% Sep
65 V4 Jan v 2
;
19% July
25%
26% May
Sep
31
65
.
111
Jun
186
157 vJan
Dec
a
Jan
16%" Jan
29/
Feb
Mar
142
Dec
28%
15
10
56% Jan
3
Sep
30
Dec
Nov
22% Jun
7
25
Dec
45%
152%
146
6
26
3
41
;
Aug
165%
39% May
10
35% Jun
2
17% Jan
Sep
43% July
,
Jan
147
172% Aug 22
164 V* Jan
Works——13
Ohio—
—100
4%
500
•
-•■■■
108 3/4
Baltimore ft
Dec
79%
.
Apr
B
(
7% Aug
Jan
.
7y8
,
24
40 V4 Jan
Locomotive
7%
Dec
Nov
46
17% Jan
Sc
.'
Co.
Dec
6% Aug
Jan
July 31
99
41% Jan
32
No par
No par
mm mm mm -No par
Nichols
Austin
Autocar
Apr
39% Mar
Aug 27
52
Mar.-26-
11 Va Jan-
s
18% Jan
100
preferred
conv
Atlas Tack Corp
3%
9% July 10
30
2% Jan
'
11% June 25
Jan
75 X
No par
Atlas Powder
;\.i 40%
v
15% Jan
100
100
100
'
Apr
3
54% Jan
No par
preferred
Atch Topeka & Santa Fe
5%
preferred
'Atlantic Coast Line RR
33
80% Jan/22
100
5%
t5
103
23%
" 3
24% Jan
10B
2d
6 %
*24
103
22%
5,400
57
*118
14
23
260"
18%
18
♦101
23%
200
5,000
111
*56%
14
23
1,700
73
33%
110%
103
22%
22%
•
6,700
36%
32%
113
*111
68
36%
73
33%
2,900
109
66 %!
37
.
33
9,500'
90
89
108%
68 %
67%
113
-
Assoc
preferred*
preferred
Investment Co
1st
14
Jun
94%
X
130 y2 Jan
No par
5
No par
1
100
Co
Corp
Associated Dry Goods
*50
51
104% May 25
11% Mar 27
50
Corp_——
Artloom
.
125
122
Constable
Arnold
200
y
25%
22
'
102
Jan
Jan
v.Jan<r 3
176
.5% Mar
Jan
22
>
Dec
:MarA
29
Oct
157/b
X 46"% Jun
Jan
•
11%
Jan
68
Dec '
4% Aug
V
59
5
;
Dec
36%
Apt
•
1%
July 10
15
25
———
Cork
Armstrong
5,700
15
6%
107%
*35
i
*107
V
28
"
56 y4
53%
Paper
23
3
May 22
24
108
1—21%
Mining—.—-20
Co Inc
1—5
preferred
30
129
*127
127%
27%
121%
123
51
121%
88%
108
88
1,300
128
♦14%
126
88,000
128
15
28 y8
I:
Copper
P W
28
1111
7% Jan
Archer-Daniels-Midland new-No par
Armour ft Co of Illinois—1
5
$6 conv prior preferred
No par
3,000
■
115%
15
*122
«
115%
115%
•
10% /10%
115% 115%
A
1,500
6%
24%
24%
116
*14%
-
115%
X
116
52%
52%
52%
6%
6%
6%
7%
*6%
-
7
•
Andes
200
14
♦13
431/4 Jun
V 31%
26
Sc Co
Anderson, Clayton
2,400
116%
-
*127y8
125
♦122
10 v4
9%
9%
9%
6%
'
8
5% July
48% Apr
-No par
Anchor Hock Glass Corp
12.50
/X $4 preferred ."J
—-——No par
5,100
37
*36%
37
37
500
13
Jan
1
preferred
11
10% Jun
21
'
2% Mar
7% Sep
Aug
107% Dec
Sep
15% Sep
81% May
;
15
-
Feb
21%
,
20%
Jan
Mar
101%
Dec
99%
t
2
—100
Anaconda Copper Mining
Anaconda Wire & "Cable.
2,270
49%
*109
36
110%
43% Jun
29
29
'
Jan
.
9
No par
;
15 prior conv
100
34%
■
49%$
50%
25
7
34%
109% Jun
6% Jan
No par
^——No par
Lead ft Smelt
Amer Zinc
7,600
f
/
Woolen
Preferred
2,100
74%
*72%
(6 1st
American
19,800
U 7% X 7%
7%
34%, ;■ 35% X
51%
23%
Wks & Elec
preferred—
Water
Am
100
14
Mar
70
preferred—00
5%
>
10%
14
1
''
15,200
*.
122
120
74%
.
35-
34%
7%
*72%
74
200
110
22%
24
2,800
i
16%
15%
*109
120%
J
58%
118
27
24% Sep
Mar
-100
—
Sep " 6
21%- Jun
V
*
Tobacco
No par
Amer Telep & -Teleg Co———100
American Tobacco
25
Common class B-«——25
6%
preferred
-100
Amer Type Foundries Inc—
_10
American Viscose Corp-—
^14
8,700
*116%
16%
'■
7%
7%
i
*58
109
23.'A?
114% 118%
*
Preferred
320
18%
V
116%
120
j
i
18%
/
9
68% Jan
X
Am Sumatra
2,800
87%
155%
87
Stove Co
American
131% Nov
145
Apr
107
Jan
5
American "SugarRefining—^—.100
1,700
154%
87%
155%
16%
22%
34%
14
86%
/
86% V-86%
non-cum
American Stores
V 12,000
184%
Xl83%
86%
-
32%
32%
186
109
74
35%
300
116%
16%
109
74
*109
300
144
*138%
32 %
154%
t,
117%
20
•
34%
110%
42%
*109
i
f
47%
142
59%
51%
35%
34%
900
59
7%
-
1,900
I
60
34%
-
34%
34
7%
f
59%
16%
*72
T4
*71%
74
*71%'
114
114
29%
47%
♦29
48%"
19
*107%
19% -20
114% 115'/a
3,500
29%
preferred
Steel Foundries
6%
Amer
12,200
18%
16%
?
i
19
109%
'
16%
109%
-
!
86%
♦116 %
*116% 117
119
16%
♦107%
16%
16%
'
)
157
*152
23%
18%
59%
SQ
American Snuff—
800
»
V
Preferred
V
35%
86%
87%
•
~
58% -59%
.
210
23%
185%
155%
19
'
*116%
119
*116
18%
18%
•
18%
46%
7,800
I
170%
46%
I
■
r
57%
:
34%
185%
86%
•
56%
1,230
23
32%
154%
87%
155
\
35%
142
33
86%
85%
86%
-
48%
185 %
153%
154
153%
185
38
170
47 flfi,,
157 v .r
,47%
...
142
*32%
85%
87%
86%
87%
154
33
184%
86%
85%
86%
87%
*32%
184%
184
*140%
140
140
V
•33
33
38 -
-
37%
108% Feb
12
47
No par
No par
No par
100
25
100
No par
No par
No par
Seating Co
Amer Ship Building Co
Amer Smelting ft Refg
American
10,000
29%
30
48%
48%
47%
'
140;
*138%
184 "A
86
48
*47%
48%
-
24%
30
115% July
10
38% Jan
American
1,100
22%
23
'30
30
30
24%
Mill.
27% July
Nov
32% Sep
20% Jan
4V*% conv preferred——100
Safety Razor
18.50
2,430
34%
35%
22%
22% :> 22%
*152
157
1
29%
,o
171
*46%
46%
34%
34%
:X
170
171
x46
*152
157
34%
•
184 y8
•
46%
46%
29
♦32
,
'
47
56%
57%
"56%
*169%
171
♦153
140
37 y4
57%
35 V
♦47%
37%
169%
22
♦138
36%
56%
34%
29
30 y8
37
169%
34%
♦21%
29%
29%
57%
46%
157
34%
29%
170%
47
*153%
>•
36
-
X91
American Rolling
17,800
23%
92
91%
Am
Jan
'
No par
-No par
100
25
preferred
Rad & Stand San'y
Jan
2Va Jan
prefefred-i—^-T.—No- par
Preferred
91
23%
91
$5
69,000'
17
91%
23%
91
!'
183
23%
23%
22%
90%
29
9,700
*180
22%
♦36%
72
68%
27 ' Jan
conv
$6
3,800
16%
17%
183
91
90%
7%
80 %
12
122% Sep
91
42% July .;
13
Sep
3
96
183 % Nov
Sep
■'
«
95% July V
:
33%
2
,
Oct
Sep
...' ■./,14s, July
65
.
70%
23%
*24
51
7%
23 y*
23 %
23%
♦
79 '¥
•/
72%
16%
*180
28%
134
50
7%
80
71%
/
28%
*132
50%
7%
79%
*180
14
50
50%
49%
72
133
14%
7%
79
183
29%
28%
50%
79%
•
5%
Mar
•
170% Jan
2
24
American
V 60
11,400
-
82
'.
May
12
46
133
.
Apr
8
;
Jun
19%
v
-
126%
8
12
25
10% Jan
■
29%
132
7%
7%
115
29%
28%
132
49%
49%
114%
115
Internat Corp—
Amer
Jan
3
-
Jan
37% Jan
% Sep. 13
Apr
105 »/2 Apr 26*
Invest Co of 111—1
preferred
——50
American Locomotive—
No par
V\7% preferred —
—100
i'. 1,100
Amer Mach & Fly Co
No par
V
8,400
Amer Mach & Mecais—
No par
I 4,500
Amer Metals Co LtdNo par
/ 3,100
i
v 6 %
preferred
100
50
No par
1,210 ; American News Co
Amer Power ft LightNo par
16,800
I
38%
35%
37
preferred
V6%non-cum
7%
,.
72%" Dec
Jan
60
7
23% July
v
Apr
/
Jan
3% Jan
Dec*
'
16
Jan
30 V4 Jan
Jan
45%!
Dec
40
23
.
31%
May
26
.
18.,
Jun
195
22-
"
'
'
119
18 V8 Jan
No par
J00
No par
Ice
American
11
28
104% Sep
'
13% Jan
,
American Home
200
1,100
10%
51%
14
.
132
♦131
131
•10%
*51
29%
28%
27%
28'A
28
131
10%
114%
'
"
11
■
f
110% July
48
8-
112% Mar
No par
preferred^———4-50
Products
1
cony
52'A
80%
51%
36%
29%
29%
29%
13%
29%
13%
...A;
5,600
8
7%
.
11
10%
*51
115
115
115%
115
8
11
11%
51%
*51
13%
16%
42
*79%
27%
16%
/ 700
*50 %
30
72%
t
80%
10%
13%
72%
900
8%
52%
7%
51
27%
78%
i
••'•;
80%
10%
79'A
i
7,300
1,600
4,500
,
}
•
101%
42
1,900
f 1,900
;
*50 Va
v.:
8
11
7%
VJ
-
28%
.A
*99%
42%
7%
11
49
108.
/ 28
102
♦41%
42%
42%
11%
28%
78%
5<A
109%
5 %
*100
10%
13%
131
5%
v
tVe
109% 109%
28%
28%
109
X; 15/
81%
115
7%
39
38%
7%
;
♦96%
27%
•180
5%
109
27%
.
50%
15
38%
7%
20
Mar
13% Jan
15
Jan
110
Co
10
Crystal Sugar
—10
6% 1st preferred
—100
Amer Distilling Co stamped—20
American Encaustic Tiling
1
Amer European Sees—
No par
American Export Lines Inc
,-1
Amer & Foreign Power
No par ■
$7 preferred
—
No par
$7 2d preferred A————No par
$6 preferred-No par
American Hawaiian SS Co.——10American Hide Sc Leatheri^«^f-1
; 2,800
: 5,200
36%
36%
"
27
,
■
American Colortype
10
Feb
82
'
42% Nov
135"
5:_
Jan* 20'"
96
American
52%
37%
7%
13%
39
38%
5 Mi
38%
5%
11
36%
132
is y8
7%
11
115
37%
7%
39
100
preferred
conv
V.
No par
Cable Inc
American Chicle——
/ 3,700
,
107%
15%
11%
27%
*49
7%
15%
39
♦107
.
*7%
7%
15%
107
v.
36%
36%
36%
36%
24%
108%
24%
V
107%
109
♦107
109
24%
so
81%
51%
,
24
23%
24
24%
;
;
5%
7%
*50%
13%
*131
20%
20
Fdy—
Jan
21% Mar
183% Jan
preferred-———100
non-cum
Am Chain &
2,400
,
9%
51%
29
29
'900
20
20%
32%
44
97%
11
*10%
115
*114%
550
19%
"
*42%
9
♦96%
51%
36%
*51 %
142%
19%
100
81%
9
ii
*10%
142%
27%
8
♦81%
97%
n y8
*96
144
5
52%
♦50 y4
9%
123%
143%
38%
42%
42%
7%.
•7%
*50'A
124
143%
106
100
100
*98% 100
•43%
44%
*121%
143%
20%
7%
27%
27%
27%
27%
122%
♦120%
122%
15 %
106 V
♦104
106
*104
32%
123'A
36%
36%
118%
32%
7%
144 %
*107
6%
15%
119
118%
118%
"
900
Jan
80
11
89% Feb
Dec
2,
28%
-10% Aug 21
,
—100
No par
Dec
4%
21
34% May 25
2'
69% Jan 30
-25
Can
24 %
28
69% Jun
-
24
Sep
July
Apr
17%
"
Jan 24
20% Jan
July
40% July
118
Apr
Feb
49
126
*
Aug 21
/
42 y4 Jan
56
American Car &
6,000
V
32%
■»
23%
36%
6%
65
65
103
Apr
105
Dec
103
Jan '
33 %
.
share
22%
37% Sep
>■
43% May 14
X 28
$ per
6 V* Jun
6
3% Jan
Highest;
/
share
96%
5
5
8
33% Sep
-
10
Jan
''
50
Preferred
120
v
23
-I
lac—
preferred
American
" 1,700
.
189
64%
•
:
32%
20%
36%
6%
15%
36%
188%
"
62
104 y4
-
130% Sep
5% %■ preferred ^^^.^^—.*00;:v
Amer Cable .& Radio Corp-——1
32%
143
109
104
189%
189
12 y#
11%
.
5,000
119
32%
•121%
23%
23%
*107
12%
105
/
:
,/.:
so
•28,800
*128% 130%
2
,f. 15% Aug 21
American Bosch Corp—x41 v Mar 21 vAm Brake Shoe Co-,-——-No par
•129
117%
32%
118
117%
20%
*20V2
23
109
23
*107
;
32%
124
•
143 %
32%
♦142
144%
20%
20%
190%
60%
118
*121%
124
144%
104
190%
-&48v''vV48%V':
130%
12%
104%
190
American
>2,000
18%
18%
■
48%
*128%
104%
"
is%
-
*104
104%
61%
♦117
32%
32%
*119%
129
129
11%
11%
190%
61
61
116 %
is%
47%
47%
*128% 131
11%
12%
113% Jan
Airlines ,——-——5
Ban* Note
—
10
American
v
40 >' :•'>-?«*
76%
•75
76%
V 52% Sep
Petroleum C»rp—No par
Agricultural Chemical-No par
Amer
3,400
2,000
31%
31%
32
31%
♦75
2
Amerada
3,500
/■
7
38% Jan
•:
■■
,14% Jan
102% Mar 26
99% Jan
par
preferred
6 % conv
/
900
114
65%
'
46
*45%
65
19
*18%
200
No
▲malfam Leather Co
35%
76%
*75
76%
19
46
7,700
•35
33
'
104
103%
♦190
190%
60%
32
18%
11%
11%
104
104
32
45%
1,700
114
66%
*75
19
45%
46%
*129
130 %
11%
*190
66
19
131
11%
-
76
67
conv
24
/
100
t per
X 33 % Sep 22
/
par
.
Alpha Portland Om,
35
115%
35
*6%
67%
4%
600
46%
5%
47
>
No
Mfg
preferred
Allls-Chalmers
32%
5%
32%
6 -
/
*45%
35%
37%
*31%
*127%
9,100
115%
115
115
x35
66
66%
32%
32%
51%
128%
51
preferred——
,5%
1,400
1944
Year
Lowest
t per share
share
20% Jan
—No par
—100
Allied Stores Corp—
13,500
33
100%
100%
127%
32%
5%
37
32
46- v
'
46
*46%
47
51%
.
6
47
6
115
114
51
127%
32%
32'/.
6
5%
46%
48%
65%
'
*129
32
33
100%
I per
Par
Bharet
$ per thare
32%
33
100%
;
129
128
129
*31%
115
36%
37
36%
.
•127%
115
■
51%
51%
„
115
115
ioi y8
101
33 %
100%
51%
51%
100%
Lowest
EXCHANGE
the Week
Janoary 1
Highest v
Range Since
STOCK
NEW YORK
Sales far
v
Sep. 14
$ per thare
share
32%
33
32%
5%
5%
♦46
48
*46
S per
share
i per
32%
ioi % ioi y«
51 %
51%
129
129
32%
33
32%
Friday
'
Sep.18
Sep.12
11
Sep.
thare
f per
that*
f per
Wednesday
Tuesday
W.emiar
Sep. 10
Thursday
15
124
Mav
17% Aug
12
14
11
28
6
29
31
18% Mar
19%
14% Aug
7
25%
Feb
.
Dec
34% Nov
Dec
Jan
38
105%
Jun
111
7%
Jun
14%
Dec
Jan
38
Der
31
..;
31
111 %
10%
Jun
Jan
Oct
121
Nov
13
July
,Volume
Number 4421
THE COMMERCIAL &
FINANCIAL CHRONICLE
LOW
Saturday
AND
Monday
Sep. 8
HIGH
SALE
Tuesday
V
Sep. 10,
PRICES
Wednesday
STOCKS
Thursday
>v, Sep. 12
Sep. 11
Friday
Sep. 13
per share
21
S per
21%
•>. 19%
*103 5/8
56%
55%
31 »/2
26ya
104%
*103
59%
31%
46
/
-.7% i 7% ii
50%
50% 31
40%
,V 40 %
t
>AA;
46
21%
40%/:
47%
46%.
v;''
*7%
,
53% Af
21 ye
13%
.
A >
.14
,A6
*
*58.
.
48%
-
47% ;48
-
,
46-
46%
-
68 %
58%
.
,
46
.
59%
.
16'
49^-
*108%
28%
i
109%
28%
,/ *53%
29
i;
A
16%
'A
*29%
26%
26%
:
«23A
#
31%
313/4
t
■f
-59.
30
29%
;.
*105
i.
26%
26%
313/4
31%
29
,
29%
107%'% ->105
29%
/
107%
16%
17
*>
80
•67
>107
109 v f
-
3% ;
19% •'
•
98
■
y
28
>
*53%
1%
4'"
'■
54%
1%
7
"i 6% f
e%
.
27%
42 y2
122
122
/: *47
49
15%
>/
15%
4 *60
;
14%
*54%
14%
54%
*122
14
123
39
28%
28%
72
72
*7%
7%
165
"66%
*162%
:'4 66%
66%
531%
53%
*106%
*151
106%
152%
17%
53%
20%
7
18
'
*110%
6%
111
*15%
16 %
37
*23%
".*47%
*541/4
71 Ve
*541/4
16
38%
38
13 %
13%
37%
13
*159'
7%
42%
163%
66 V2
67
165
20%
23%
18%
21
205/a
21
23 A >23
6%
7%
*1101/4
111
15'/4
111
14%
15i/2
*32%
*16
16%
39
39
39%
13%
13%
14%.
165
-
40Vb
14%
175
25%
26
26
28V2
36%
38
37%
38
38
62
62
62V2
63
*62
15%
15%
16
16
*
53%
54
«%
8%
.
8%
20
9
A
8 3/8
26%
28%
3.8%
39%
64%
:.
26%;
26%.
27%
27%
54
53%
53%
'.*57 fv;
58 v
I
64 %
63%
26% '
26
28%
28
'
53%
538/4
*18%
18%
*18%
18%
18%
18%
*17%;
18
*17%
18
17%
17%
124%
57%
•23%
*41%
♦102
6%
4 6%
34
,,
4
124%
57%
23%
57
23%
;
59%
'
*r75
"200
*97% 190
*111
.
59
108
*98%
*56%
39%
*106
100
4
59
49
:K 49
165 3/4
:»39
443/4
*110
.
39%
44%
:4
"
*58
4,
4
100
4
60
-
34
18
*331/2
61
•
s
104
13%'
*60
.
*175
200
44
100 :
f, 1113%
58
'58://
*106
v
.
:
59
39
■
*08
.
.
*88 %
*56%
39
;
.
108
106
!
59%
' 108
108
>*98%
100
•./
;: :
-
•
i
>
:
14%
:.
59
39%
x38%"
39%.;."
.4 49%
158
-
49%
149
162
62%
*147
160'
62%
62%
*1000
39
393/f
.
•1000
39
/
39%
49'%
x48V2
48%
149
*147
149
161
xl61
—
39'/4
62%
*1200
39%
;
113
45%
*110%
45%
113
.
45
*110%
45,
28
28
28%
28
40%
28%
40
40
39
39 Va
*34
34%
34%
32%
*31%
footnotes
see
34%
33
page
1299.
*34 %
32
*110%
113
28
40
*32
Hi 45
34%
32
;
28%
45
113
44%.
*110%
*147
39
*39%
34
V>,
163
641/a
;
45
113
28%
40
40
"34
34%
34%
-32%
31 -T.
32
.Climax Molybdenum
ACluett Peabody & Co
.
Preferred
%
350
Class
1,500
10
45%
(The)
$3-50 preferred
110%
28%
4,200
39%:
39%
370
:
•
30
•
5%
-
conv
preferred
34
170
4%
non-cum
32%'
120
4%
non-cum
54
July
Jan
129% Nov
-
40y8
Jan
Jan
Dec
■
15 V2
Jun
Jan
19% July
19
Nov
23
2%
Jan
A
Jan
8%
Apr
Apr
7% Jan
A, 30% Feb
Sep
Mar
28% Nov
12%
37%
Apr
87
,
15
20%
4%
July
4% July
114
Dec
Jan
9
Jun
Sep
14
134
Nov
14
17%
Apr
23
Dec
16',
23
Jan
A 31 y4
Deo
Jun
22
27%
Jan
2
//A 11
2
.44
54% Mar
125/s Jun
>26
.
18
34% Jun
.
46% July
14% Dec
Feb
Apr
50%
Dec
5%
Sep
..."
9J/8 Mar
Jan
■:
18% Mar
4%
IS '.
A 12% Jun
May
ll7/«
Jan
18
Jun
18
'
7% Mar
'
18
Jan
25% Mar
21% Apr
A. 43% Sep
48% Jun 26
76'/8 Jun
:
29 J/4
..
26
30% Nov
AAV 15%
19
16
15J/2 jan
19% Jun
8
18% Aug 31
Jan
-
'
Jan
Jan
91% Jan 24
47
-
13
-
12 iA
1
Jan
.Tan
14% May
1% Jan
24
May
77% Feb
Dec
21% July,
49% Nov
57 - Nov
191/4 July
17 Va
Jun
6%
■
30
98 V8
Oct
July
Jun
'
42% Jan
Jan
08
Aug 28
23% Sep 10 V
.
2
Jan
.
:
2
9% Jan
40%
58
2
20% Jan * 2
31
27
43 V2 Jan
105
Jun
25% Nov
95
19
14% Sep
14
60% Sep
Feb
14% Jan
,
18
7
Nov
50'/a July
25 '/a July
Dec
31%
96%
Oct
10%
Jan
51
Dec
■
49
Jan
2
170,; Feb
.
20
.
89
Jan 26
109% Jan
2
.
44
Jan
107
,
22
July 10
76
Jan
Nov
60
Sep
7
110% Apr 16
57% July
2
2
>40% Mar
6
35% Jan
140
130
Apr
5>
9
May 31
2'
.
A €2% Jan
Jan
148
17
," 34 y4 Jan
6%
35% Feb
110
53 y2 Jan
>
'A
19
Apr
3
A
,
105 A May 15
114% Feb 27
186
93 V2 Jan
100 V'
A: 21%
38% Jan
'
1
128% Sep
65% July
Jan
7
54% Apr
58% Apr
Feb
16 Vs
Sep 13
27% Mar
54
pat y'
100
Jun
30
49% Sep
4
151
May 31
168% Sep
7
65% Aug 27
1
37%
Jan
185
Jun
90
Jun
115%
Jan
Apr
Mar
A 45
106
109
Jan
92
Jun
96
Aug
y4
Jun
52% Mar
53%
30% May
38 % Mar
39% July
34%
Apr
Oct
145
Feb
152
111
Feb
146% July
67% Jun
59% July
July
par
par
31% Feb
103
2
—100
No par
Sep
14
34% Jan
.No
Oclo Fuel & Iron Corp
•Colorado & Southern
Dec
Jun
16
-
50-
—Nn
Oct
"Mar
152 %
106
107
18
No par
Collins (fc Aikmen
39
.
Apr
13
36% Jan
par
Dec
Dec
5%
Jun
11
Sep 13
29% Jan
par
22%
65
17
TA
19
No
Dec
Jan
113
rJuly 13
8% Feb
No
Dec
96%
18
Jun
45/o Jan
No par
..No par
Dec
7
A17% Jun
22
•
-
Co
A
Colsrate-Palmollve-Peet
•
>; 960
28%
34
Coca-Cola
1,100
;
39
'
*31
'
54%
33 Va
119
68
3
5
A 49
—1
stock.
4,200
110%
28%
40
4%
>11% Dec
'
100
2,300
.
103
■
Jan
25% Jan
_50
-Coca-Cole International Corp No
39 :/■
441/4
gtd
Dec
12% July
31%
14 V
'
gtd
>
10
par
100
preferred.
& Pitts RR Co 7%
Special
149
■
41
5%. Jan 22
T 24
Jan 22
par
par
47%
51 % Juiy
29% Sep
'
'
150
$4,50 r>fd —y—No
'
*1200
28%
f Clev
Ilium
Graph Bronze Co (The)
5%
10
.10
Jio
Dec
39
;
:
51:v
*
Louis Ry. Co
preferred——
El
f Clev
500
',
V
48%
*63
~
Corp——
Lquipment—^
5-%
50
*159
24% Jan
.25
C. C. C. & St.
Clev
90
'
39
€23/4
39%
To
581/a
5 ■ 48%
v
;:
'
*31%
*
'
161
62%
Clark
,
100
•
49
*147
14
180
3
I
—
-
110
*98%
*56%
*56%
Jun
14% Sep
8
47% Mar 27
'
100
111
58%
4
5
18
;-./■€% Mar 26
•A 15% Jan -22
;
500
200
*108
59-
;
CIT Financial Corp
.-—No par
6,100
1,300; ,v City Ice & Fuel!.
—No par ■>
City Investing Co.,.-.—
1,030
..No par z
v
5%% preferred
.100 '
>
city Stores
:
12,400
__5 <■->■
60
,
Jan
14 % Jan
«
104
141/a
*98
>,;■;/
A
10
No
21% juiy
35%
33
Apr
143% July
44% Jan
.
.
27
Jun
'40 Va
,
21 % Mar 28
28 V2 Jan
par
No par
No
Oil
Co
Chrvilr-
14,800
57%
Cotton
"Chile-Copper Co
100
43'/2
111
-
tChllds
4,400
.
'
'22%
*175
59%
7%
"
:^.v. > '
A :•
Pr pf ($2.50) eum div
Chicago Yellow Cab-
59.
100•
f'~nn9%' m
129:
-
.
50
.No
8
7
20y4Jun
24
Jan
Dec
;;
>
Jun
4
38
Jan 24
NOV
7%
Jan
18
22
33
7
i^JNo par:
conv. preferred
30% July
-57 A
17% Nov
56% Nov
23
Mar 26
w 1
100
54% Jan 22
Order. Co.....-.-i_6;V A 19% Jan ; 2
No par
19%.Jan
Chlckasha
10
1271/2
*102
200
>
"
/':■<
.'
$3
:
•j
A
Jan
^27%
7
7% Jun
Chicago Pneumst Tool..
Mall
43%
1
A 115 % Feb
preferred
Chicago
7,000
700
22%
'
13
;
Sep
>:> 1% Jun
Jan
$7
18y4 May
7
J 21% Jun 13
16
10% Jan
.50
w
300
555/a
14%
5%
2,700
'
'
61
,
400
42%
:
42%
109 % Jan
25
..No par
No par
Chicago Great West RR Co
:
7,900
-
34'/2
126
2
>: 10% Apr
r.40
5tfo preferred.
Chicago As Nortdiwest'a
A
27
54% Sep
5
No par
A
19%.
71/8
,
Class
18
*18%
7%"
.
?
*56 »/8 & 57
19
107
*
For
*111
£■■■
108 Z
100 X:
38%
/
165
39
*102
133/4
*97%
lll3/4
*56%
39%
64
-
*983^
*1000
4
*175;
*106 /'
59 /.
63%
57%
'
48%
49%
4 149 -V"
4' 164%
63
/' 200
65
*52%
42 %;
104
13%
*59%
2,600
8,800
54
18%
May
69 y4 Jun
5
2
■
—
;
.2,200
28 3/4
.,
42%
•"
253/4
W;
1271/4 428% '
57%
57%
x22%
22% ■/•
23%
*102
,
9%
25%
7%
58
3,100
28
x28%
19
128%
42%
59%
63%
3,000
39%
54
333/4
23'%
13% *
111
*147
165%
—
,
104
27%
29%
May
74
153
14% Jan
Checker Cab Mfg
Chesapeake Corp of Va.
.._5
:1;
Chesapeake & Ohio Ry
:_25
f Chic & East 111 RR Co__.__No par
■
.
33%
1
>
2
Dec
23
-
110
18% Jan
...
,
33,700
8%
20%
29%
7%
573/4
»
59%.
*98
'
v
98%
39
149
..63 4
*1000
108
*56%
39%
*147
•
42%
*175
f
•
59 4
98%
23%;,
13%
'
*111 4-. 1113/4
■4/'1 59 -'4
23%.
*102
13 %
60%
200 4
100 • - 100
/.
57% ''
«%
f
39%
-
Dec
96
12
10
Apr 24
'
253/4
*18
33.
125%
/; 54%
9
20%
•
33
125
'A
65
*563/4
187%
17%
7%
42%
:
-
-
111%
59
*106
*175
7%
500
28%'
57%
17%
Champion Pap & Fib Co
300
9%
?/;• 53%
Chain Belt Co
2,200
f ; 16
54 >'■
12
44% May
171
May
15
20% Apr
4% Jan
;
100
4,900
.
3% July
"
-_1
prior preferred
Feb 23
Dec
,17%
v
24% Jan
53% Feb
'
% Jfan
6
May
15% Jan
$3% Feb
-2
127
Cerro de Pasco Copper
..No par
Certain-teed Products^.^...^..!:
6%
.
Apr
14
7% Jun
47% Jan/22
Jan
15% Dec
llVn
Sep
30
"
3
,
;8% Jan
y
Apr 17
Feb 23
'
29%
61
.16
:•■'
-
200
;
'38%
25%;
187%
*
56%
:
42%"
44 .13%
*59 :"4
*56%
-
34;
.
26
29
38 %
■
20%
27%
-38%
'
'
4
104
•
123%
23%
42
*102
13% r!3%
.*32
,
v,
42
7
1255/a
56%-
104
59%
6%
124
'
57%
57%
34
*32
^
=
x27%
-
28%
54
54% '
9
64%
27%
*53%
57%
*32%
64
26%.
1
*56%
6%
391/4:
180
61
8%
193/4
•v:
28'%
38%
63%
28
39%
9 3%
500
Jan
37 V» Jan
100
Vloleta
.
Dec
20
3
104% May 15
preferred.Jl00,;
Sugar Co
Century Ribbon Mills
11,400
•
:
Central
'
*65,900
'
8
-
20'%
9%
27%
283/4
27
:••■■
«%
/
19%,
9%
63%.
f
8
20%
-9%
16%
A
No par'
fCent RR of New Jersey...
100
39%
/■
.
1
•
14%
-
16
Central 111 Lt 4%
100
32%
152
20
......
'
f
15 5/a
u
1,500
14V4
180 ll
29
-63
•
22
5% Jan ,-2.
35% Jan 26
r
Dec
70%
10
tn
55% Mar
59% Aug 9
25
5% preferred
,
Central Agulrre Assoc.....
.3,600 '■■■> Central Foundry Co
391/8
■381/4
-
53% /
541/4
'
28%
63%
44
53%
38%
,
38%
4*53
8
193/4.
4 9
'
28
38%
637/e
27
20%
9
""
26
4
8%
2.0%
.
"'
*27%
533/4
'•
27%
'
270
4,430
6%
V
175
Co
83-,
43% Apr
130% May 2 '
39% Jun 28 •
Mar 26
Jan
9%
Jan
Apr
53
5
21
-
Jan
8% Jan
•19% Jun 26
x62
Sep 11 A;/; 42% -Apr
153/4 Feb 20:> :
6% Feb
2
32
$4.75 1st preferred.—No par
7% 2d preferred^...^..
100
Celotex Corp..,:
No par.
.
5,600
15%
16%
39%
14%
170
170
•
.1
Jan' 4'
10% Jan 23
Jan
Jun
Jan
4:
54'
Sep
28% Sep
43% Bep
47'
11
15%
12%
J
3
122% Sep
52
Mar 26
116 a% Jan
3
-
........
4,800
111
15
33 V
16%
25'%
52%
ir
32%
33
16
*321/4
•
62
16
6%
111
,
15%
-
600
.
X)
-
2,100
„
A__l
.Preferred
■,-nr,,-.,1,
Caterpillar Tractor^..^.«...iV,o par
Celanese Corp of Amer
No par
.3,500
153
23%
7%
*1101/4
68%
22%
.Case (J
30
53'/2
*150
'•
-
—
5,300
105%
i
37
*8%
67%
X53
X1053/8
'
1,400
165
17%
24
*15%'
*162 %
•
class
preferred A-~,
10.
Clinch & Ohio Ry^»*.-100
Carpenter' Steel Co
„_5
Carrier Corp
4%% preferred
50
Carriers & General Corp......
1
2,500
41%
18%
62
19%
41%
Administration
$3
Dec
;**""■
Apr
■
8
.48% Jan
•
Carolina
•
7,700
7
20%
21
23%
7
153
18
18%
37
52
-
106%
151%
24
?
72%
7
TV' 54%
54
ioa%
153
18
16
165
29%
71
••
capital
600
28%
423/4
«
80
39
71/4,"
68
54'/4
54%
39
165
107
14%
.
?
Dec
20%
Jan
Jan-24
113%i Feb
Jun
22%
Sep
12%
36
4
11%
Jan
07 Va
56
-
.12% July
77% Dec
,
.
7
6
,
Dec
,
16%
128
Mar 26
31
r
'
-
Southern Ry Co.
100
Canadian Pacific Ry,- 2aT
Cannon Mills
.No par
,
180
'
152
151%
300
2,600
:
6% Apr
17
July 13
20% Mar
2'
20
•
Canada
22,500
62%
123
72
67
66%
*1061/4
10
15%
'■543/4
28%
*163
164
53%
54
106%
33
*
49
•
*122
39%
42
62
51%
.
54%
6%
71/4
42 3A
37
16
*477/a
123
*71
72
72
42
15%
*31%
210
14% >'• -¥> 145/a
123
37
.
49
14%
543/4
28%
7%
16 %
6,900
,
A
<
41%
122%
15%
14%
<*
18
19
Jan .20
1% JanJ
Jun
101% Feb 28
_
S3
;
Jan
4% Jun
27% Jan i 3
.
•'
a__l
Jan
;
22 y4 Mar-20-
.iNo pkr
Packings.
Calwnet ii Hecla Cons Copper____'S
Campbell W & C Fdy
^
No par
Canada bry Gltigef Ale«^.,K4»_i..8
$4.25 preferred v---No par
.
2,100
'
■
41%
*61%
111
15%
28%
:
1221/4
?
15%
14V4
13,300
•
r
62%
*60
*15%
421/4 -b
123%
15%
20%
233/a
32%
13
::
x415/a
*1211/4
49
■-h A 28%
28 3/8
*61%
18
*30%
170
423/a
122 V2
-7%
OAllfdrnlt
'
16
87
Dec
•7% .Apr
20 .Sep 10
109% Jun 12
f
Dec
14
"5%
72% Jan
2:
Jan 22
Aug ■ '
21
1
25%
129
47%
18%. May 17
10%-Jun 27
£
.49%.'. Dec
Jan
12.
B5
Get
Jan
116
325/fi Aug 31
30
gep 13
105
Sep 13!
3% Jan
'
-
;
8%
26% Sep 13
?i. 59% Mar 27.
.
39% Jan
12
'
July
2~2%ju1y
Sep
•30
•
60
Jan
17%, Jan
;
2
14% Jan
"12% July
44'% Aug
V
14%
17% Sep 12
m% July 26
Oct
53%
21,
20% Apr- 6 f'
105
Sep 13 V
?3% Jan
Jan
Oct
52
.
Jan
94% Sep
,"
36% Aug;27
45
21% Aug
V
40% Jan
r
5
v.
7% Mar 28
a: 77 y2 Aug-23
No-pat
5% preferred.
Callahan Zinc-Lead——
60
3,200
125 t Jan
3't
Dec
41% July
;k; 7% July
Jan
23
22 /
.
8%
27 i'.;
Oct
34%
Jan
39
..
24
17% Jun
2 :
2
Sep
117
Jan
40% Feb
59% Jun 26
18% Jan
1
No par
1UK)
Participating preferredByron Jackson Co.l '
■
2
.
Jan'
Dec
55%
3%
7
29 % Apr
;.
22% Jan;
••
1100
Byere Co (A M)—
3,800
A
1'%
:
■
."
153/4
162
*15%
37%
127/s
*158
281/4
•
■
>
54%
-
' ;1%
10
,ZlneUi/ur--»ULj5;.
300
,
; V
*V7'/8
•
36
54 %
-i%
;
A'...
'
55
••
2.
10% Jan:
98
Jan
7
32% May
22 :
Apr
12%
14
2,
Jan:
Jun
37%, Jan
20
59% Bep
Jan
.74% Jan
—16
^rr-
Feb
109 % Sep
-
52%
18
July 6
17% Sep 12
r50% Sep II
.
Jan
-
109% May
28% Jan
34% Jan
12
47.
Oct
19% Nov
46%
14
10% Jun
Jun
88 y2
14
47% Sep
.50% Sep
23 % Jan' 25
.
1
;-
•40 y2 Sep
"•
:
July 26
Jan
45
-
,52 v*
45
:liG0
^.;
:
Aug 10
H
13
59% July 12
32% Aug 27.
153 y8 Aug 27
Jan' 16
120
-
26% July '2
k 12% Mar 27
...
4%fe preferred___^___
Butte Cppper- ft.
380
:-v7 35%
355/a
'
*54
413/4
7%
*110%
15%
Butler Bros
3,400
% 4,700
*27% ?28
613/4
6%
111
15%
<
35
V/r
19%/; 20 A
pfefcrred
Sep
9.
21
!
>
Bpsh Term Bldg 1% pr*fierred_ilM.
-3,900
r-
■
fi--Jf
27 3A
28 »/4
7 1
*110%
15%
32%
99
27 3A
28%
-/.A
151/2
20%
21%
23%
*15%
*97 y2
-
55
49
23 %
205/a
*30%
20%
€l3/4
17%
23
7'/a
'
28%
151%
21
.
'
122%
*'•
28%
t.
110
.
12%
106
10% Mar 27;
t
—
Dec
27
40% Mar 27
V
__No par
—J5
Terminal;—
6%,
<110
;
A
V108%
-'4r
*38%
*106%
'. *107
*
17%
«Q
Bush
Dec
20
109
7
x64 y4
37% Mar 27
Burroughs Adding MacJti —No par
2,700
;,;AM9%'.y20/
108%
193A-
•
39i/4
54
106%
10,700
"
66%
1
:
39
X152
153
20
*407 /
4-.-
-
■
"
*65
47
;
4%. preferred
22 y3
14% Mar
24
17 ?A Mar.
Jan
Dec
93% Mar
.
42 y4 Jan
Oct
15
29% Jun
5 ;
5
.
16
Dec
51%
•V 25% Aug
14
49Yf Jan; IT
Buloya Watch Co. Jnc
BurHngton Mills Corp__ -r-—%-l
200
'28% Sep 14
Feb' 19~
106
—100
Co.
Sep
66% Julv
130
23% Sep
111% Jun
2
5 'A Apr1-
V
7
r-No -par
Forge
% Jan
36 y2 Apr
J:
J5
Bullard Co—I,
2,300
10,000
,
'
;
,914
62
*7
53%
106%
23%
23
19%
3
=
Feb
Sep
•17:
26
17% Apr 24.
:
Buffalo
-500
3,000
;•.,
Jan
7% Jan
—No par.
"Wheel
56»/4
115%
13
13 y» Jan;22
7
Budd
20,400
12
V Jun i-9
7
52 y2 Apr :,
3.
24% July 20.
<114
Jan ,.3:
33% Apr :. 5 |
—No par
:—No par:
1,160
'
20V4 July
87'
1
—No par
Mfg.
$5 preferred
Jan
Jan
7
x30y2 Sep
.
20 % Jan
100
preferred
56 y2
15%
'5
i
37% Feb
16% Jan
:
16%
«0
1%
53% Nov
1
12
146
'
par
Dec
8
49
256/
—No
207/e
2
95
Budd (EG)
:A
/• 105
16%
:
68
-'
39
66%
152
17%
*69
81
123j/2
71%
-
A.105
30
10
43,500
•
31JA
-,
«i/8 .^.•v;^9
34%
4
28J/4
14%
54%
X41%
67
31 Va
'
•'
Jan
Jan
—/_J5
Bruhs-Balke-CoUendeh
®ucyrtw-Erle Co
6,400
,
26% V'26%
133/4
28%
165
v
16 %3:16%
'
39
43%
26%
■
2,660
*
•
17
23% Sep
'
-—3
Brcwn Shoe coi
Dec
65% Sep
"•
,160
Brooklyn Union: Gas
49%
2
5,
3%.% preferred—
;
9,600
/•
•
,
.
29%
=
•'AV'A 29%
122
IVa
42%
,29%
;
•/
123
72 3/4
7%
*162%
26%
'
■
,16'/a
20% ."4*0%
293A
-
49
*54%
28%
72%
94'A
20%'/}:21y-i
123
43%
43
*29%
*79
99
28
34%
*54
7.4:
-
14%
383/4
28%
93%
V
•
-441%
'1%
7
.4-V' :7H
122
X62
123
38%
■:
15%
•
14%
543/4
54%
123
*38%
*97 y2.
*27%
•ls/8
*47%
153/4
61 %
•;
'
;-i:'
4
20
193A
=-
27% 428%
'42 'V.
423/4 -
49
15%
"$Ve
•
55 i '
122
61%
61%
■
122 {
-.
*47--
,
10
56 y2 Jun
.
Bristol-Myers
.
*123%-125
•
/ I7ya
1*7%
,03' ;"J'93y4
-17%,' 173/4
105 ,105
19%
20
*107
i l09
34%
1%
6%
43%
434'.;
122
--
:
16%
500
7.
>
28%'.: 28%
"
•
,
i
Airwayk inc---,—
Jan
Aug 28
,
x26%May
22
18% Jan 23
*108 J/2. Mar 26
-
5
No parNo par
—
33%
14
2
.
/
.
*
1
57% Sep
28
.2'
'
3
-1,100
Oorp;
Jan
Jan
Brewing Corp. of America:
—X5
Bridgeport Brass Oo-/—,—No par =•••;
A
Brlggs Manufacturing
r-No par J
Brlggs A Stratton__^
No par
'
•
.
A \ '
125,
I
86,000
'
-
109'y4
3o% /3jy4
■vj" *53% •: 54%;
■
29%
163A
-
*123%
81%
.
69%
>
28
34%
27%
/
99
.
*54
*.'■
67/a
27%
■'
54%
Xl6%
—
69%
.
r
■
!,
•
•108
.
y Branifl
:A 11,800
46
,59%
.«
59%
31
*53%
--
,-46
<
"
V./ ^49:/.; 49%-
108 3/4
-
53%
par
j.
153A
Jan
.
Boston A Maine RR (assented) 1100
Bower Roller Bearing Co_
—5
.
1
500
5,300
i
Apr
Jan
4
(new)_;._
: 4%% ; preferred
Borden Co (The) ^
Borg-Warner
■
*27 %
34%
%'
1%
¥
41%
>
34
1
108 3/4
1,400
;
1
16% V16%
•
59%
30%
;8%
*80
3%'.
193A '
'/ 98%
'
28
1%
:
••
.
/
107
.
*51%
t.
17 V
*58%
■
•163A';.'-I7
:
109 A";
;;..
3%
19%
.99:
V 54
55
'
*27%
„
*
•105'
20
>V
19%
1
-
21%
.
"
*107
3%
>■:
29%
-
20
.
3,700 1
V > 8,600 1l'
51%
2iy8
21%
;. 29%
81%
69
A
•
47%
7%
s
*503A
,
49% ' 49%
-•
21
-
31%
•
109/
;
19%
27%
":/-.3^4V34
:
1
'
:> 9
81%
20
98%
-
% 27%
./"•
*107
•••
;
3%
19%
S8
19%
*51%
>
*29%
30
i;26%r:-.36%
17
8"A
20SA
:
-47%
7%
'
68%
68%
17
■
107 % "
163A
'
.
v
81%
*67
68%
>
171
9% A" 9%
.
*80
-
*19%' f!9% T
r
.
16%
%■ •'
9
60
40%
'•', Class. B_
Bond Stores lire.
'400 K
'
10%
23
1
Highest
$ per share
2
48
_100
:
Bohn Aluminum & Biass_^
Amt Co class A
^
5,300 'l.
„
Co preferred.
Jan
65
r
'
'
Jun
127.
,6
Bon
.
60 '•
'
J
;
No par
1944
share
5
6
17
1100/
Boeing Airplane Co
1,400
.60%
(Del)
preferred
2
12
54
July
5'
22% Aug 21
I
:
24% July
108
19% Jan
-1.
——t
•
Bloomungdale Bxothers_^___„No
10
J
21%
53%
-
29
-
47>A
■
^ X16%
125
29 %'■
*105
-
150
'
;
t per
21% Jun
7
7
47% Jan
par
par
70
•■7
a.;
.—No
div series '38-No par
Bhimenthal &
,31%
1
40'A
'
59%.
16%
26%>1
31%
-.
"
•
58'/2
*123%
29%
31%
-
50':- ': 50%
•'>T7%
17%
933/4': V /.03%--94ya
26%
V
47%
■
•108&A 109%
%
20%'
403A
.
; 173/4
29%
*59
*146
;
■
ilOO
Year
Lowest
S per share
2
18
Aug
103% Sep
i_10
Bliss A Laughlin Inc^
24,500 1
<
104%
V-, -A 31%
'
'
150:-
21%
54%
Ik 20%
31%
••
:'
-.64%
*103
-'
46. /
*53 y2
93 /
20%
V
46
16%
93%
A
■
•r"
29 y8'
29%
59V2
,
40%
•
v.
-54%'
17%
V
•
v
3Q%
16%
19%
-
22
29%
29
17%
59%'
150
5Q8A
-
213/4
'
,
.24
,25'A
.','•64%
104 y2
-
.
900 1
'
-
.
;
T
r
—No pat
bittCii- & Decker Mtg Co.^;
No pur
Blaw-Knox Col
:
:
No
113/
233A
64'A
j--3iy2
--
47% A
50%
<
125-125
>
*29%
>: ./
•
30
*53%
17
125
16%
•93%
19% S 19%
>
29
•:
•110.
500
12% May
.
Blgelow-Sanf Carp Inc
■
14,700
28%
< *23
•
25 3A
*103
,
,*n%y53%
103A- 17%;
49%
fe0%
-
59%
*108% ;109%/#
29%"
16%
*124
163/4
%
.
54%
V> 29
,
>
125
'
-
'*
T?Va"
-68% : .503/4'
■p.; ;46;AA"467>-:A
*58%
i'6%
•
28%
113
X64
-
403A
47
-16'
28%
*53%
16%
*124
109
28 %
-
29
,
*108%
X
54%
16%
v"
15%
i6y2-
v
23%
-
29%
Co
Foods
7%
tjper share
1
preferred
Bethlehem Steel
<
1
,
213/4
53%
23'A
:
•
900
•
Best
4
800
-1
,
•:
.
29
17-
7
65
29%
Howell
Best & Co
,
1
Par
Corp
'Pr pfd $2.50
8,300 ;
,
18,700
143
65
;'
"
:«/ "
*51%
•
•
65 %
'
2,300
:
'
■•
Aviation
Beneficial Indus Loan
11
26
142 :
142%
25
31 %
-40'A
>"•49% 350%
"22%
*51 % A 53%
•
23%
26
&
4y4%
Range Since January 1
Lowest
Highest
;
®endix
3,600
86%
*110
150
•>
8
1
*51%
150
.
23%
85V2-
59l/2
30%
'■/
55
Aircraft
Bell
V
5,200
vA
87
*27 y2
104%
59
31
*54
V
Bell
3,200
,
Range for Fridtu
STOCK *
/'A;'7... ■." ■;""
■■
:
.
•'
'*
23%
—
63%
*103-
59%
150
>40%
">
•49% f 503/4
22%
.
g'
v
104%'.:""
30%
47- '
v
-8
'I
55
//
26%"' 27
,
30
23%
%
•
26%
25%r
63
•
"
57%
27 'A
141-
113
25
21%
:
26%
28
*22%
63 %
*144-
40%
,
46%
.
62%
150
:
8,400
106y2
57
*65
16%
.*110
21
*29%
U 16%
30
27
25%
*58
30%
YORK
EXCHANGE
Sharet
•
y4
*105
-86'A
65%
*29l/2
16 %
•
113
24'A
63%
*142
40
y4
24%
*58
,
>
:
16%"'
*110
113
63 %
>
.2
'
/
" 22
-23%
—
•
-142
65 y2
30
16 '
104%
y
"•*31%
141
■
65% '
*29 %
87 '
21
21%
*53%
-
26 y2
23%
i-
". 150
22
26%
*22V2
*110 '
63%
A
m
26%
233A
59%
,
'
NEW
'
57'A
X27
—
23 %
85%
'
.
104 %
•148
163%
26%
•
share
per
105 y2
56%
55
26
k
*22% •23%
*58
.V
143
16%
-
*103
„
*143:
:* *65' :
21 Va
27% >
A, 23 %
23% "
86."
30-
24%
•'
26%
23V4
143-
9
22%
*105
56 y2
*54
83%
65%
"S
.
113
,
23%
253A
•
?
29%
.
26'/4
63%
85=
213a
>
>
105
27 %
/
55
64%
16%
*110
23%
A143
r
23
26%
23%
83%
S per share
21%
*103%
A 56%
27%
;
223A
-A 21
56%;
*54 A
65%
26%
;
27.
share
for
the Week
'
22%
55%
-
27%
r
30
*22 «/4
105%
26
139%
*16
*103%
56>/2
55' 7
84%
139%
213/a
105%
56
v.
-
23%
■:*
21%
27
26
■/; *29y2
22
213/8
C
:
*54
83%
■'*"
21%
21%
*1035/s
•
v
55
23%
■
V
27'A
*53%
25%
t per
21
20%
2V/t
$ per share
21%
105%
56%
share
Sales
AA'/.y. Sep. 14 "//,
_
$
1291
2
-
110
•
Aug 24
23% Jan 23
40 V4 Sep
103
Sep
5
115
.
5
Jan A 9*
32% Jun
23%
Jan
3*3%
Dec
14
45% Sep
19
25% Apr
109%
Feb
14%
Apr
38
116
Sep
Dec
26 y4
Dec
Jan
23
50 V4 Jun
19
11% Jan
29%
Dec
preferred—100
26 % Jan
2
46% Jun
20
12%
Jan
30
Dec
2nd preferred—100
25% Jan
2
46% Jun
20
13
Jan
27 %
Vet,
1st
100
28
*
STOCK RECORD
NEW YORK
Sep. 8
;
•
•
%
41
f per
f permart
f per ttiart
^.4l:H.:.:4l
42
*4o>/4
4i y2
•39%
7%
7%
7%
7%
104%
104%
104 V*
104%
103
103
103
103
120
118
118
•117
23%
23%
50%
*49 V»
51%
51%
52
105%
*104%
18%
♦104%
17%
17%
1%
1%,
108%
1%
108%
109
104%
102
104
*117
120
119
7%
24'/a
*50
51%
52
1%
1%
109%
109%
1%
30%
31
39%
39%
40
33%
32%
33%
36%
36%
37
37%
103%
4%
31%
106%
4%
37%
37%
102%
103%
4%
4%
31%
*102%
4%
31 '/a
106 %
29%
106%
4%
29%
•12%
13%
38%
38%
22%
106%
4%
22
4%
20%
•21%
13
28%
20%
29%
10%
10%
10%
•99%
109
•108
Consol
5,600
500
Consolidated
23%
24%
ft 37,700
Consolidated
Vultee
21%
29%
19%
19%
21%
21%
*21%
$1 25
Consumers
111%
111%
111'A
111 'A
111%
111%
220
32%
32%
32%
32%
9,500
10%
10 JA
33%
10%
Container
30%
10'/a
10%
4,700
Continental
101%
500
49%
4,800
10%
*99%
101%
49%
*100
109
*108%
49%
13%
52%
53
13%
S3
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
16,400
32%
33
32%
32%
32'/a
32%
31%
32%
31%
31%
7,700
35%
35%
36
52%
15%
19%
36
20%
53
53
16
16JA
16
20%
*52
53
*35%
36'A
19%
20'A
53
x51%
52
*51%
52%
8,300
17
17%
17%
52%
*51
52
18%
is
19 v*
19%
19%
19%
19%
19'/a
18%
18%
19
*18%
57%
57
57%
57%
57%
57 %
56%
57%
*57
56%
51 Va
34%
34%
34 Va
34%
34%
34%
34%
34%
34% >35%
8%
4%
38%
100 7/a
*100%
28
•27%
36%
*36 Va
*44%
45%
45 V*
*47%
47%
*47'/a
'
66
66%
66
191%
191
191V*
4%
"4%
39%
38%
100%
100%
101%
*100%
100%
28%
100%
28
47%
4%
38%
100%
*35%
44%
44%
47%,
47%
%
25%
26
X25%
26
103
102%
103
47%
%
100
150
*145%
138
7
6%
70 »/s
72
7
28%
10%
100
*145%
X150
150
16%
♦105%
37
*138
73%
6%
6%
24%
24%
24
24%
72%
73%
2,000
6%
6%
19,400
,1*18%
18%/
18%
19
18%
*18%
28%
18%
20
19%
19%
108%
108%
41%
24,300
25%
20
123
*118
28%
ft 19
18%
24%
25%
123
*118
28%
'
50
6%
28%
27%
28%
13,200
73%
6%
123
*118
120
'138
17
138
16%
16%
100
28%
*18'/a
18%
20%
f:
18%
•109%
110'A
109V4
109 JA
*38%
40%
40%
41
41
41%
41
41%
*39%
41%
44%
44'A
44%
44
44%
44%
45'/a
44%
45
44%
44%
12,500
36
36%
36%
*36
36%
36
36
35%
36
35
35%
1,700
24
24
*35%
-•*23:,.^
24
:
24%
*24
24
24
:
*108%
*40.
24%
*24
20
109
24
.
24
45
43
42%
43%
42%
45%
44%
12
12
12%
12'/8
12%
12V8
12%
12
12%
12
12%
23%
23%
23%
23'A
23%
23%
23 >A
23%
23%
77%
10
23%
23%
*73
78
*73
*73
78
*72
75
75
75
61%
60
61
59%
59%
59%
60%
61
62%
62
63'A
38
37%
37%
*37%
38
37 Va
37%
37%
37%
37
37
44
44
44
*43%
44
*43%
44
*43 %
24%
24%
24%
24%
25
24%
75
*72
60%
•37%
44
*24
-
24%
23%
1,500
48%
48
48
48%
48%
48
48%
24%
24%
24%
24%
26'A
23%
23 %
23%
23
23%
23%
86
88 v?,
86%
88 %
88%
89 y2
89%
" 144%
145 'ft 'ft'
;
87
*144
32
:
145
114%
33%
32%
32%
♦17%
32%
18%
18 ft;
23%
23%
23%
178%
178%
;
.
144
•'
143%
:
114y8
♦113
113
113
144
-
32%
♦113%
32%
33 y8
X26%
ft
89%
J
ii4y8
114%
114%
113%
17%
23%
24%
ft 25
179%
128
*127
116
; *114%
181
17%
22%
21%
-192
161%
31%
-31%
27%
9%
,
9%
15%
5%
.15%
13%
13%
.
*130%
132 (
*117%
48%
J 40
40
,
*188
192
61%
61
30%
31%
27%
X39%
28%
*107
>
9%
108
10.;j
30%
30%
*105
*107
/
10%
63%
15
,;
15 %
15%
132
118%
119
48%
1
64%
15%
40
'
5%
12%
131
131
.
ft
130%
ft
119
132%
118%
64%
48%
48%
48%
120%
39%
39%
39%
39%
39%
23%
23%
23%
23%
23%
23%
23
23 ft
23%
23
397/a
47%
ft
*23%
>70
♦104
■
28%
*102
23%
23%
'
72%
105
23%
72%
105
29 y#
103
24
23%
24
-
28 y8
103,
.
72%
105
28%
103
*71
•
•
•
105
28
*102
.
73
73
.
105%
•
*104%
105%
*102
102%
*102
102%
102
104%
103
104%
*103
104
103
*■—
fee
pace
1299.
.
29.%.;
ft
102
103
*73
104%
102
ft 102
*103
73%
105
i;. 28%
29
103
::
,105
23%
-
ft
*104
102
102
,
28%
101
103
X102
23>-,
:•:> *73 :ft
74%
28% >28%
•101ft
ft/23%
V
104%
*100%
:
ft
ft
f
23%
23
v
>
Ind
ft-'
74%
105%
ft,
20.000
28%
*100%
102%
ft!
>
260
ft •:
101%
*100%
220
101
38
118
Sep
25% Apr
Apr
Electric
Jun
7% Nov
14%
Jun
19% Nov
11"
•123% Feb
21
30% May
6
Engineers Public
$5 preferred
13 %
Jun
16V4
Oct
15
109%
Dec
113%
Apr
21% Jan
36% Apr
41 y«
Oct
45%
Jun
preferred.
57% Jun
18
17%
Jan
37%
16% Jun
25
5%
Jan
Jan
2
23% Jun
27
18%
Jan
21 y4
Jan
31
75
Sep
11
52
Feb
65
Jan
23
63% Sep
14
29%
Jan
41%
Oct
Dec
.
38% Jan
3
28% Jun
46% Jun
28
38% Mar
42
26% May 5
60
Jun 20
16 % Jan
2
Jan
22
105
Jan
25
13%
Mar
9
95
15%
13
26% Feb 23
95% Jun 18
33% Jun
Mar 21
y4 Aug 24
155Jan
2
-
Jan ft
181% Sep
Mar
-
18V4 Jan
170'
185
100
-.4
"
4% Aug
109
103
ft
108
,
ft
5
^50
100
V
7
2
Dec
6
113
Dec
120%
Jan
65% Sep
Jan
;.
Dec
24%
Dec
/■
40
May
29 % Jan
25
Mar
15%
Dec
Jan
'
Apr
3% Jan
3% Nov
81%
.78
Apr
Apr
59V(T^
27%
Feb
15
7
18
Sep
15%
6%
•
Oct
103%
Dec
Dec
47% July
ft'34% Nov
22^/4 D{?y
6
57% Jan
68%
12
Feb
26
101 y4
Jan
108 V2
8%
Jan
17%
107
Dec
5% July
114
73% Sep
5
/106
7
July 16
101% Apr 21
108
July 24
109
July 12
•
Sep
45% Aug
'
50% Feb 16
Mar 26
13
Sep
52
8%
*
Sep
195
Jan
10
8
123% July
100% Jan
Dec
Jan
.37%
7
152%®
4
Dec
178
16% May
7y8 May 11
13% Sep
3
Jan
ft 25%
Feb
>
41
1
7
3
16
Dec
41
Apr
6%
18'A July 10
July 25
xl02
33
21
Jan
104
14% July
,10% Feb
21
Jan
8
34% Mar 21
21% Aug 20
20 y4 Mar 27"
62
128%
July 18
12% Mar
43% Aug
ft'
Jun
Jun
106 y4 Sep
4
28 y4 Sep 10
;
Jan 20
V 3% Jafl
•
Dec
162 »/3
123%
6
-
-
20 y4
13
1
157
15
>14% Nov
Feb
12
2
61% Sep 14
31% Aug 27
-427/a.Jan 20
No par
Apr
Feb
175
14
"July 24
107
Aug 10
8% May 3
14
8%
11%
137
5
Jun
24
•
Aug
* Sep
Sep
105
,
,
Jan
113
194
Jan 22
72% Nov
106% Jan
/Aug 28
25l/4 Jun
26
27% July
,
131
.200
21% Jan
2
68
22
May
Apr
July 30.
Jan
49
100
19 y« Jun
Jan 22
39 y4 Jan
Sep
Nov
25
19% July 16
25
ft 20
13
20%
49
21% May
47
114%
Sep 10
114% Jan 17
145
6
Apr
Dec
105
43% Jan
Dec
x26% Sep
Mar 26
12
38%
Jan
1
!
Apr
4
Feb
49
Sep
17% July
Feb
32% Sep
109
17% Mar 26
'
27
Jan
x27%
Dec
Oct
4
38
Dec
9% Mar
Aug 20
40% Jan
8
22% July
35%
117
No par
Oct
36%
19
1
—No par
'
32% Apr
17% Jan
113% Aug
"
$6 preferred
48
9
100
No par
13% Nov
6% Jan
5
14
Feb
l
Dec
7% Mar 29
par
3
Nov
28%
Apr
Jun
26% Feb
•
Service
21%
19% Jun
113
Aug 21
34% Jan 19
4
127
114% May
7
20% Sep
8
129
Mfg Co
:
Phonograph
Endicott Johnson Corp
i% preferred
Dec
4%
14
22
shares
Radio &
Aug
July
61%
28
5
No par
140
Apr
5
No par
Nov
uVa
97
May
.—.No par
Battery.
109%
41
38% Mar 26
5
Jan
5i/a Aug
12
47% May
100
—1
Dec
26
9
—
30%
Jun
125% Jan
Corp
Jan
101
39% Mar 29
Jan
29% Mar
7% Jun
108 y2 Sep 13
33
Dec
Jan
22%
22%
25% Sep
2
12% Jan 12
16 y4 Jan
144
May 18
140
5% Aug 20
18 y4 Jan
Feb
Jan
73% Sep
6
16
2
Natural Gas
$5%
180
100
Dec
34% Aug 22
*
.
Dec
19 %
11%
112
17% Aug 27
59% Jan
_N« par
Storage
El
400
2
31
Mar 26
122% Apr
-3
Am
Emerson
1.600
29%
19
Jan
9
-1
$7 preferred
Paso
Jan
14
108% Jan
July
28
HOVa Jan
preferred
Emerson
4,700
-
20%
18
5
.10
$6 preferred
1,400
39%
Dec
par
•
*23%
89 y2
42 y2 Sep
4
Co.
Electric
ft 1,800
Jan
2
1227/a Jan
Boat
Elec ft Mus
1.000
■
ft
69
29% Apr 10
"
X47 %
28
No par
Electric Power & Light
1.500
';
cum
Electric
Jun
x22% Jun
2
StopTTTut Cc,*——
Electric Auto-Lite
(The)—
21.200
37% Nov
xl50
65
Elastic
800
'.ft
13
Jan
5
50c
preferred.
£kco Products Co—
4% % preferred —
4,800
- "
131%
119
49%
23
5%
*5%
Jan
28
34% Jun
105
Dec
97%
13
257/b Jan
Dec
1
26
Sep
—1
4-'A %
:
7,600
15%
15%
Mar 26
22%
105
Feb
34% Jun
Aug 21
22% Jan
Edison Bros Stores Inc
ft:.;.' 140
3,200
2516
145% Jan 29
2
lit pfd
Jan
15% Feb
49'/4 Jun
Mar 20
Eaton Manufacturing Co
'•
4,ioo
12%
ft 131%
119 ft,
48%
39%
ft
10%
63%
ft 5%
13 ft*
6%
107%
;
10
15%
5%
13%
119
1,400'
ft
«>
28%
28
*107
64%
.ft: 15%
5%
12%
132%
105
10%
x64
5%
120
48%
28
10%
10%
13%
5%'l''
12%
31%
31%
-
ftft 105
108
27%
ft *107
28
•
ft
31
105%
103
No par
Eastman Kodak Co..
.1,300
61%
61%
2
87% Jan
'
—No par
(EI) ft Co—.20
Eastern Stainless Steel
20
S
105
Jan
Kasiern Airlines Inn.
2,500
193%
11
Dec
12
Sep
22
35% Jan
2
»
de Nemours
Eagle-Plcher
2,900
ft ft 200
'
108
10%
63%
64'A
ft .3,900
■
f. > "
190
*187
61%
31
105%
"
132
ft
106-
193%
m
61%
60%
105%
27%
i'
31
106
28%
60%
ft/61;ft/
2*1
ft; *22
23%
*188
5%
118%
■"
23%
192
13%
48
•22
*188
15%
15
132
119%
-48%
22%
*22
•
w
$4.50 preferred
Duquessn Light 5*
100
10
66%
;193%
5%
7
,•17%
65 y2
194
13%
5%
ft'-ft: 17%
191
65' 1
65
65
17%
67%
190
"
'<•64%
17
67-
188
108
*107
108
ft
17%
67%
•:
.
ft
189
106/
106
27%
27%
9%
ft
60%
106
17%
.67%
17%
67
,
190
190
*
114%
17%
192
♦107
128
*113
66%
189
*105
•126
114
67/
22%
-*31%
128
Xll4
17%
188
60%
*126
116
»2iy4
:
•188
f.
128
♦115
17%
67%
'*21%
*126%
116
'66%
17%
67
128
P
45,
% Sep
26
18
International
Du
:
Jan
47
Industries
Duplan Corp
3,600
7128
116
Dunhlll
2,400
,
♦114%
' 128 'VV
*127
*114%
180
181
Dresser
300
;
17%
17%
181%
23%
21,600
33%
32%
18
23%
*17%
17%
23%
33%
32%
33 %
is y8
24%
180
18
39
Aug
49% Aug
No par
$4 preferred series A
300
32
27% Feb
7
No par
s
Dow Chemical Co
1,400
113%
*23%
180
!
144
16% Jan
7
No par
Douglas Aircraft
144
14
5
Dome Mines Ltd
9,700
144%
*17%
179
6,600
144%
18-:V-.-
178% 179 y2
15,200
July
Jun
41
No par
A
Doehler-Jarvls Corp
Jun
25%
51% Mar
102 »/$ Aug
No par
100
No par
Co...
27%
Jan
46% Mar
% Sep 14
20% Jan 22
2
preferred.
Cup
Class
490
.,93
47
25
Corp-Seagr'a Ltd
5%
Dixie
26 y2
//22%'
Jan
37
33
preferred
Feb
6
28% Mar 26
No
23 y8
26
26%
23 V*
r Q9
"
:
55
53%
,*108
144
23%
,
106
14
Diamond
ft 3,400
'■ft' 100
31%
106
108
*106
ft
54
53%
48%
23%
*113
107
31%
53%
108
28% Sep
Jan
20
2
No par
partlc
1%
18%
13
Devoe & Raynolds A
Diamond T Motor Car Co
IV* July
5
Aug
13
50
Match
184% July
Jan
May 28
39% Sep
101 >/4 Sep
36
0%
5
2
Apr
5
5
67
Distil
Oct
July
173%
22
21
1,700
31%
48%
24%
24%
-
86
24%
61%
Jan
52% Apr
68'A May 10
99 % Aug
24
Jan
20
400
44
x24%
31%
54
31%
48%
•
*43 V*
24%
31%
53%
53%
*105%
32
23%
48%
t
44
Dec
25% Jan'
Detroit Hillsdale & S W RR Co__100
700
57
3
100
Western
Edison.
Detiolt
25'A July
10
Hudson
Delaware Lack &
2,540
31%
54
108
31%
32
*48
24%
53%
ft
108
"31%
24%
*105%
54 %
54%
*106
^
Delaware &
5,100
44%
44
43%
43%
15% Jan
44%
20
Delsel-Wemmer-GUbert
18,000
23%
'
12
20
Jun
52
Mar
35% May 21
105% Jun
5
25
(The)
Preferred
: 4,700
43
22% Jan
60
9% Jun
No par
Corp
10% Jan
47
195% Apr
No par
Deere & Co———No
500
12
:
Chemical
Davison
1,200
44%
110
*108%
109%
*108%
,
13% July
13
2
—No par
Dec
48
'
9
3J/a Jan
Jan
31% Dec
19 V* July
28
2
—8
.1
Dayton Pow & Li 4 % % pfd—100
Decca Records Inc
-1
20,800
18%
25
4
Davega Stores Corp
300
-19%
18%
Jun
Jan
—25
100
—2
Cutler-Hammer Inc
2,900
V
53;
58 y4 Jan
preferred —————100
Cudahy Packing Co
——30
Cuneo Press Inc.'
——.5
4% % preferred
.100
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
—No par
$7 preferred———
No par
Prior preferred
-—.—No par
Curtlss-Wrlght
—
——1
-Class Aw—
_w——ww,——
1
Cushman's Sons Inc 7% pfd
100
107
26
xl82%Jan
7%
5,100
33%
Jun
9Y* Dec
33 Va
24% Apr
12 y4 Aug
381/a Feb
17% Sep
101% Aug 6
6
'13%'Mar
49% Decs
ft
53% Jun
52% Mar 27
30
Jun 30
preferred;
—
.—100
Cuba RR 6 % preferred——100
Cuban-American Sugar
—10
10
-
37%
*30
,
139
73
72%
67/a
37%
16%
-17
*105%
107
ft;-.
—
Jan
t ft 26% Sep
5
2
.
43% Jun
Jun
5y«
22
49% Jan 16
5%
190
417/a
1
47% Feb
rts
$5 conv preferred
Crucible Steel of Amer
1,320
8
25
Mar
.
Dec
Mar
10
May
7
2
16% Aug
10
Mar
Jan
Crown Zeiierbach Corp———5
41%
*40
41%
37%
140
*138
28'/a
19
*18%
ft
18%
107
*36
32%
33%
*40%
41%
*40%
*105'A
*145%
150
32%
33%
33'A
73
'
23%
28 V*
28
28%
5,800
27%
16%
118
120
•118
121
27%
20%
27
20%
6%
24
23%
24%
24
*118
1,200
45
Common
May
12% Jun
36
—5
preferred
58
.
29%
Feb
32%
4
5
22
Jun
Jan
9
49% Sep
14
Dec
Nov
7% Oct
109 % Jun
37
20
Co
Aug
Dec
24
112
Feb
20
13
2
12% Jan
1021/2
13
100
24
Aug
14% Jun
33% Sep
29% Jan
16
15
11% Jun
29% July 27
5
No par
No par
$2.25 preferred———,—No par
5,300
"101'/a 101%
i
101%
140
73
6%
•
103
45%
X19%
37%
*136
71%
*70%
102%
*100%
; 27
16%
137%
138
'
17 Va
16%
16%
16%
*134
r
ft
—«
Crown Cork & Seal
'■
%
25%
20%
107
•36
37%
45%
45%
2
24
28
Feb 23
115
3
46
Crosiley Corp (The)——__No par
700
%
25%
27%
42%
■
*105'A
107
*36
37%.
*40%
42 y2
*40%
*105%
107
*36%
47%
(
%
26
103%%;
103
•
42%
*40%
*105%
77,800
3.000
477/a
%
25%
20%
33%
33%
-
7,300
27%
100
150
*145%
33%
32%
32%
32%
200
43%
47'A
20'A
100%
20
150
*145%
28%
35%
42%
28
*27
20%
20 %
20%
20%
100'
28
.28
*27%
28%
35%
44
47%
.
45%
45%
45%
44%
99
:
99
28
100
45%
44%
44%
44%
103
103
102%
103
,
25%
25%
25%
25%
103
28%
36%
43%
12
26% Jun 21
Jan
Cream of Wheat Corp (The)
1,800
28%
37
36%
45%
26% Jun
8% Jan
Co
3%%
600
*35%
28%
28 y»
36%
44%
47'/•
Dec
Coty Inc——————————1
Coty Internet Corp——
—-I
Crane
10,500
100%
25%
106% July
5
10
—1
—
2.600
4>A
39
Oct
Dec
29% Jun 28
2
10% Apr
preferred ————100
Corn Products Refining
25
Preferred
-—-——100
6,400
9>/a
9%
4%
39%
38%
39
13 y2 July
32%
37% Jan
-20
No par
3%%
80
Nov
20%
93% July
*
3,700
9
9'/a
9
8%
4y«
8%
4%
4%
65%
191%
*190
30 y4
Jan
Jun
6
5
30
2
18
6
—
Trust
Bank
Oct
Jun
liy4 Jan
18% Jan
Jun 21
26
24
Corning Glass Works—
100
104
65%
66%
*190
38%
28
367/a
45 JA
28
•36
66
Inc
Motors
Exch
Corn
5,600
35%
35%
104
104%
*104
104
104'
104
8%
8%
4%
37%
b
52'A
53
*52%
53
*52
190
65%
190
190
190
191%
*8%
8%
4%.
4%
37%
38
•100% 100%
•139%
*103%
66
65%
65%
65%
104
*103%
104
*103%
51%
52
Oct
6Va
;y
7% Jan
6
40
8% Jan
—No par
$3 prior preferred—.—w—No par
Copperweld Steel Co
—5
Conv pref 5%
series
50
C'ornell-Dubilier Electric Corp
1
6,400
240
57'/a
*51%
14 V* Mar
3
26 Va Apr
Cooper-Bessemer Corp
130
25%
108%
Jan
No par
Continental Steel Corp
270
17'A
Continental
3,500
17%
16%
108 y4 Jan
Continental Oil of Del
300
xl9%
36%
20%
*35%
20%
.
16%
16%
52%
16%
36
20%
20%
20%
*52
14
*u
Continental Insurance——
33
*35
33 y2 Jun
No par
niucwta
1,000
52%
11%
35%
20%
52%
Jan
31% Jan
$4.50
3,400
32%
•35
2%
18% Jan 20
13%
ft 13%
53%
11%
*51
•
4% July
17 y2 Aug 21
53
13%
13%
52 JA
52
Dec
Dec
Jan
2
Dec
103
Feb
6V4 Feb
6%
$3.75 preferred
Continental Diamond Fibre
13 %
2iy8
102%
Dec
31
Feb
25
17% Jan 24
Baking Co
Can
3%
32% Jun
109% May 23
2
25% Jan
Corp of
Continental
19
27% July 27
11% July 19
ft'
15
$5.50 preferred
200
109
*107
108
*52%
13%
13%
52%
13%
52'A
Xl07%
49%
49%
49%
49%
109
*98%
101%
*98
101%
49%
Pow
5y4 Jun
24
Consolidation Coal
30%
10%
29%
4 % Apr
Aircraft
Cuba
of
RR
Corp
Gas
600
22
111%
10%
20
7
pfd__
conv
Consol
1,100
13%
•13
Laundries
Consol
3,600
ft'
22
29% Nov
Feb
Jan
Sep
106
No par
5
preferred
$2 partlc
6,000
'29
19%
28 %
28%
Jan
Jan
'
1
Natural
19%
July
95% Dec
Jan
95 y2 Jun
104% Mar 10
3% Mar 23
24% Jan
par
No par
$5 preferred
Consol Film Industries
3,400
19%
*108 Va
No
Y
N
Edison of
101
Jun
1 y8
24%
2
Jan
Oct
18%
79
14
31% Jan 26
2
Jan
12%
28%
:
Dec
Jun
20 y2
,38%
20
112 y4 Sep
Jan
22
49%
43%
14% Apr
% Feb
■
28
12%
.ft
24
89
28% Jan
■
Jun
29%
49%
par
1% Jun 26
38
38%
28%
21%
Co
19 y4 Sep 14
Feb
108
Feb
105
2
38%
24%
24
21
29 y2 Jan
12%
23%
108'/a Apr
>
No par
—No per
$4.75 preferred
—No par
Consol Coppermlne8 Corp
5
38%
38%
23%
13
July 30
15% Aug 21
ii Jan
2
304
21%
30%
30%
53% Sep
7
12%
38%
Jan
2
Sep
900
4%
30%
Jan
37%
13
24
Jan
36
12,900
4 y2
ft-ft'-
39»/a
Jun
51
47% Jan
39
26% Mar 31
38%
24%
28%
19%
21%
•12%
13
4%
Dec
8V4
111%
.
109
*108
107
Dec
23
12
6,100
-
31
107
30%
31%
107
98%
Apr
Sep
13
30
30%
20
100
49%
49%
107
4%
4%
4%
4%
30%
107
Feb
16%
40
60
102
102
102%
X102
84
12
4%
30%
28
10'A
99%
100
49%
37
X37
Feb
13
Consolidated Cigar
900
37
70
Jun
25% Jun 14
Congoleum-Nalrn Inc
4,600
33%
33%
*36 V*
July 17
125
No par
Edison
Conde Nast Pub Inc
1,300
93
104
9
Jan 15
No par
25
$6 preferred series
Commonwealth
4%
30%
23%
112
30
29%
4>/2
38%
22'/a
*21%
*111%
29
4%
*12%
38%
23%
28%
20%
22 JA
ft
112
•111%
4%
30
13
38%
♦106%
39%
33%
31%
106%
39%
33%
Commonwealth & Southern—No
3,900
14,700
Dec
27
No par
50.300
31
39'/a
preferred—i
Commercial Solvents
112%
30%
39%
4%
4%
31
106%
30
29 %
27%
20%
22%
•27%
31
*103%
111%
31
1%
Dec
97%
Jan
Jan
21
10
100
Credit
conv
Dec
5% Mar
3% Nov
95% Jan
?—No par
preferred
y4 %
35 %
Jan
76
■
thare
35%
25%
Sep
7
8% July12
107
May 31
84
No par
Pictures
38,500
1%
112
30%
34
38 '.
103%
*37
1 %
110'A
30%
40
30%
4
I per
26% Jan
7
Sep
'ft
■
100
No
Co
Carbon
Commercial
$ per thare
41
"
Highest
par
preferred
5%
Columbian
Columbia
$2.75
19%
18%
34%
4%
ft ft 18%
18%
1 y2
110%
>34
31%
18%
1%
105 Va
17%
42
Mar 27
2
105%
*104%
34%
104
*104%
18%
38%
4%
105%
Mar 26
90y«Jan
4,106
53
50
53%
I per share
thare
31
31
2.50
2 s0
A——-.—100
50%
*50
50 Va
52%
•
2
4,500
25%
24%
24%
24%
ft '
'
6% preferred series
300
•50
-ft
4% Jan
160
118
105%
34%
31
103
118
17%
•37%
•102%
102%
119
*104%
39%
*38J/2
102%
''
'
Lowest
Highest
Ooiumoia Gas & Elee...m«v par
1,600
105
104%
*104%
109%
104%
;
' •'
fstoM'T*
ft
32,200
7%.
7%
104%
53
52%
7%
*116
24%
50 V*
24
50'/a
41
*40
41
t per
Par
100
Inc cl A
Columbia Br'd Sys
4.000
♦101%
119
31
30%
31
31
104%
7%
104% 104%
102 J/2 102%
24
40%
7%
Lowest
8haret
thart
40%
♦40%
41
7%
*49'/a
I per
40%
40
4
7%
23%
50 y«
52
105 »/a
18%
1%
109%.
23%
*49'/a
40%
*40'A
41
t per thart
thart
40%>
41
41
41%
# per
thart
41
■'-"•.'".'Year 1944
Range Since January 1
STOCK
YORK
EXCHANGE
the Week
Sep. 14
Sep.13
Sep.12
Sep. U
Sep. 10
NEW
for
Sale#
Friday
Thttrsda*
Wednesday
Tuesday
Range for Frevlooa
STOCKS
HIGH BALK PRICES
AND
LOW
Km<*V
Monday, September 17, 1945
& FINANCIAL CHRONICLE
THE COMMERCIAL
29 % Sep
,
Dec
Jun
Dec
,ft Jan
V- Jan
104
Dec
105
Nov
ft 92% Jan
107
Dec
87
89
Volume 162
Number 4421
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
AND
mOH
BALE
RECORD
PKICES
■■■>■/:
*
Saturday
Sep. H
'
;
> *
Monday
S
per snare
l7/s
16
16%
16
*78
79%
*88%
92 J
" 92
14 3 a
•
16%
*14 %
16%
78
78
92/:;'
♦88%
14%
14 y8
22%
21%
21%
50%
50%
50%
49%
50
U.6%
*6%
6%
50%
53%
"28%
53%
15%
15%
■;
*22%
23
*109
223/8
50
50%
6%
92
*88s/a
51.',:
63/4
V
543/4
55%
56
56
2,800
30
30%
30;
30%
2,800
153/4
15%
15%
153/4
9,600
223/4
23
23
*22%
x227/a
22%
300
*109
109
*109%
109%
109%
109'/a
90
36%
35%
35%
900
"
Federal
300
;
Federal-Mogul
109
109
36%
36%
%
357/8
35%
"23
*353/4
*27%
28
27%
27%
273/4
273/4
*27%
12'/a
12
12'/a
xll%
38%
38%
38%
106
;
106
*105'/4
*io5y2
106
106
28%
28%
28%
29 V*
29%
29%
29%
56'
56
553/»
55 y4
56
56%
56%
56%
32
/
32%
108%
40
*39%
8%
64%
*20%
32%
*20%
/
•
0
36
35%
26%
26%
27
*17
17%
17%
*
140
140
*39
r
..
39%
126
*138
8%
,
*18%
$6
8%/
,7%.
17%
19%
19%
'■'*67/;'.
10%
28%
•:
17
60
16%
r;
:
553/a
■
56%
•
129
♦130
63 '/a
■
.
Corp—
52
No
preferred
conv
Enamel
4%%
.
27
17%
144
y;
20j/4
67
20 V*
27
17%
17%
393/4
58%
:
130
17%
.
7
1,100
3,500
130
Fair Stores
Corp
Francisco Sugar
83/4
8%
7%
7%
f *18'%
17%
*18%
18'%
18%
18%
193%
193/a
193/a
17%
19%
28%
*68
10%
28%,
83%
'•
70%
8%
-
*68"
-
18%
;
83a
:v
,
7'/a
,
8% .7
A-
••
18%
18'/«
18%
;;
.
*19
*67%
70%
*67
11%
103/a
•28'A
10%
10%
11
11
ll'/4
28%
60%
283/4
283/4
28 3/4
28%
603/4
16%
603/4
61'%
62
167/a
16%
17%
1073/a
1073/a
107%
107%
*57%
57%
57 y4
183/4
:
/
V"
16%
60
,58%
60 '
16%
407%
57'A
*106
57%
103/a
lO'/a
*181%
184
163A
-107%
-
57'/4
103/a
184
•
"
10
*181%
f
21%
16%
10 '/a
184
*180
10%
28%
107'/a
573A
58'A
A 10%
/
213/a
21%
*21
10*%
11'/a
11 %
11%
11%
11
11%
32%
32
32
313/4
32
185
21%
11%
21'/a
21%
132 V
132
31%
*160 i
32%
132% 1323/4
1313/4 132
,
31%
•J1V4
'162
.
*160
Ji'%
163
31V2
*160
133
31%
,
33
163
..
Jan
64
333/a May
Jun
109
Jan
*4
52
Sep
Jun
26
Jun
<
42%
Dec
Dec
33%
Dec
5%: May
41% Jun
27
Jan
5«
.
May
413A May
58% Sep
42% Mar 26
11% May
130
Sep
9
7
Nov
16.
Jan
69
Deo
16;
Jan
29.
Dec
20
Jan
25%
Dec
13%
,■
2
Jun. 15
140
58% Mar
53 y3
15
July
.19
9
8% July
43% Aug
7
213/a Apr 25
80'/a Jun
5
17
Jun
Jan
24%
26
41
10
Jan
26 y4
34%
13
103/a jun
75
2
Mar
113
Aug
18% May
13
13
59% Aug 20
34
Jun
'
'
27
153/4 Jan
/
,
8 "
110
24
Jan
Aug 23
Dec
v 57 y#
Apr
35%
3
Feb
1033/4
May 14
*
52
4
*160
.
Jan
•70
v
\
17%
12'
36% July
Dec
44%
Jan
29%
103
Sep
Dec
135
Jan
30% Jan
13
310
110-
Apr
Sep
6,300
•
5,300
*150
153
49
50%
162
*■'
*126
61%
129%
*60%
19%
193/4
1263/4
*126%
127%
126 3/4
*60'/a
617/a
♦60'/a
61%
*60%
20%
20%
20'/a
203/a
20%
29%
283/4
15%
143/4
29
29'/4
29
15
15
15
112
*109
3%
,/, '
35'%
/:
3%
343/4
,*135
"434
4%
3%
3'/a
347/a
35
•135
140
27
27
.%
27
25%
25%
293/a
25%
3'/a
*135
45/a
4%
4%
263%
263/4
26
25%
*25%
V 108
4%
4%
27'/a'
26%
27%
25%
25%
253/4
108%
3334
33%
333%
33%
33%
313/4
*30 3/4
313/4
*303/4
31%
111
32
32%
♦107
32%
*108%
109
1083%
109
*108%
993%
*983/4
30
29%
31
96
96
*96 %
34
X33'%
33%
*523/4
54
43/4
4%
33%
*523/4
43/4
4%
963/4
54
963/4
*96
33%
98
33%
33%
33
*523/a
43/4
*150 :
1513/4
1513/4
31
31%
32
30%
31%
31%
31%
31%
66
66
66%
65%
66%
66%
67%
67
*102%
103%
*102%
103 %
*102%
57%
583/a
58%
573/4
1513/4
103 '
103
.
57%
57%
57%
110%
110%
110%
110
*150
58
110
110
110
100
*983/4
*110
54
:
;
43/4
*148%
1513A
313/4
67%
31%
65%
313/4
103%
*102%
53%
V.7.
111
25%
25
25'A
25
25%
25
25%
253/4
10%
103/4
25%
10%
107/a
25%
10%
11
10%
11% "
11
11%
103/4
5%
5%
53/a
5'/4
5'A*
26'%
26%
26%
*26 T
53/a
*26%
27
17%
17%
17%
18
17%
50
50
49
50
*48%
49%
16%
16%
163/4
16%
16%
163/4
*72
79
25%
253/4
53%
V
52%
31
1683/4
60%
26
25%
*106
35%
7%
353/4
73/4
53/a
27
5%
C
53/a,
26%
18'A
49%
16%
17
17
52%
52%
31 %
31
1683/4
168
79
26
25%
*106
36%
50%
1,000
16%
17%
5.100
533/a
4.500
80
26
253/4
"./■
25%
,
7'A
■:>/
8,800
7;,/i
2.900
*226
226%
194
193%
193%
*190
194
*188
24
23
23%- ■■■'-','J;23%
23'%
72
70%
71
72
54%"
54%
54%
•34
35%
34%
34%
29
29%
/
23
24
69
69%
71
53%
54
35
35
/
54:4
'
23%
'
*71
54%
226%
192
14,100
353A
226
23%
1.R09
34%
'
8
s.
108
*106
.
226%
226%
A
110
110
192
*187
4,600
35
31
30%
31
30
30%
29
29%
19%
19%
193/4
19%
19%
19%
19%
*
<
*104
104 'A
*104%
104%
*107%
108
*107%
108
24%
24%
243/4
*152
*152
10%, ,10%
V
104
13%
footnotes
10%
104
35%
10%
104
13%
see
104%
♦107%
24%
*152
35%
35%
;
13%
page
1299.
104%
108
243/a
35%
35%
20
cum
Co
105%
1053A
•107%
109 '/a
35%
35%
36
7
-
363/a
103/a
10%
10 »/4
10%
*10%
10%
•104%
104%
1041/4
104%
-104%
104%
13%
133/4
13%
14'/a
14
14%
104%
14
."V
233/4
Jun
Jan
ll»/2
Aug
Oct
107%
Nov
10'A
104'/a
14
7
■f'7 1% Jan
3
283/a Jari 24
10c
30% Mar
6.)
3.200
600
240
7,700
6
Jun 20
16
110% Sep
3 %
July
lVi
2
6
Mar
37
106
10
134% Aug
3% Jan :' 3
5'A Feb
Apr
112
14
Feb
Jan
■
56'A .Nov
13% July
.
2'A July
>
3yt
Apr
V
Apr
19%
3-*
10
123
Mar 26
116% Jun
8
18
20
253/a Mar 29
34% Jun
16
par
27% Aug 21
35% May 22
106'/a Apr
—100
2
Jun
15
107
100
No par
50
Jan
26
5
No par
No par
No par
No par
Razor
27
13 Va Mar 27
.
9
90
Mar
21
Jan
23
06
Sep
6
25'A Jan
2
52'/2 Jan
4
33A Jan
;
2
147% July 27
25% Feb
10
1
No par
(B F)—
53
July 27
Apr 20
July 27
102
48
107'A May 19
-—No par
12'/2 Mar 26
Hosiery
Gotham
'
__—
;
5% Jan
;124
Nov
31%
Dec
'
4%
: <
,
Nov
Oct
25% July
Greyhound Corp (The)
4 'A % preferred
Grumman
33
Sep
8%
8%
34
Sep
67
165% Jan
Oil
Corp
Hackensack
,
h
;„j
12
85%
Jan
6
105%
58% Sep
112% Mar
25% Sep
Jun
5T3/a "jun
Jan
104%
303/a
Feb
;:■( 51%
Dec
8
104 y*
Jan
112"%
Jun
13
8'/2
Jan
17'A
Oct
1%
Jan
7.
Aug
33/4
j-an
12% Aug 27
6
;
98
12
20
15% May
Nov
5'A July
19'A Dec
3
26% Sep
19% Jun
13
5
9%
Feb
543/4 Jun
22
32%
Jan
42%
Dec
2
17% Sep
14
14%
Dec
17'/4
Nov
Aug 20
553/4 Jun
26
25%
Jan
49 y8
Dec
46
175
64
104'A Jan
12
28'/a Jan
—_I
1
24
57
24
43 V*
28
Feb
108% Mar 13
1053/4
44'/a July
11
2
26
226% Sep
3%
14
190
Sep
5
14% Mar 27
194
Sep
26
82
123
14
Dec
Nov
>
<
67
Feb
553/4
Dec
PP 24'A July
105%
Dec
32%
Dec
Dec
Apr
■:
Apr
pV; 6% Aug
189%
Jan
Dec
I6V4
May
10
30% Jun
Jun
Jan
23
49 y2 Jan
6
~6%
Jan
33
Jan
42%
.<
:
62%
Dec
33%
Dtc
22'A
Apr
Dec
50%
Sep
27
57% Mar 16
58
30
Feb
19 y8
28 3/4 May
May
July
163
Feb
22
4
Jan
.
'4 16
Jan
Jun
8% Sep
167
;
1433/4
May 25
■
'5'A Mar 26
par
24%
32% Aug 28
28% Jan
2
16i3/4 Mar 16
Dec
iiiii
"
29
C!o
jf0
33
Jan
2
39
Jun
22
10
20% Jan
2
31
Sep
8
r\nr
15'A Jan
2
22
Mar 19
106
-
100
103 % Aug
2
106% Apr
13
preferred
preferred
100
Hart, Schaffner & Marx
Corp of Amer class A—
6%%
Aug
4'/a May
175
Dec
22
Hanna (M A) Co $4.25 pfd_.No par
Harbison-Walk Refrac
No par
Hat
Dec
52,
"Feb
No par
100
Co
Wnteh
conv.
25%
Apr
2% Jan
40
63% Apr
Water
Printing
4%
Jan
45
5
10
2
21
Dec
13
25
„
Dec
22%
Sep
20
par
10
90'A
Jan
67% Sep
32
Jan
No
Dec
Jan
11%
l5'A
:
May 10
/* 4 3/4 July
l"6%
Jan
69
13
23
143A Jan
)<•»
preferred—ii
"7%
12
Sep 12
100% May 2
52'A Jan
100
6
31
223/4 Jan
No
Dec
14'/a Jan
100
preferred
preferred ctfs
Gulf Mobile & Ohio RR
Dec
July 30
110
18
Sep
100% Jun
—1
Sugar
Guantanamo
1103/.
Sep
Nov
Mar 12
111
72
Aircraft Corp
193/4
•
183/4 Jan
100
Bay 61 West RR
(H L) Co Inc.
Green
2
p74 %
:
36% Jan
—
Preferred
2
4% Jan
Graham-Paige Motors
——1
Granby Consol M S & P
9
Grand Union Co———No par
Granite City Steel
No par
Grant (W T) Co—
10
Great Nor Iron Ore Prop—No par
Great Northern Ry 6% pfd__No par
Great Western Sugar
No par
18% Jan
2
154
Feb
17
x30
Apr
9
4
■
36%
:
Apr
6%
2
9% Mar 27
106'A Feb
No par
6%
.35%
,7*10
170
2,000
24
■
18%
preferred-.
$5 preferred
2,700
*152
Jan
(The)
conv
He—Mton
108
•;,
22%
preferred
Hall
106
*152
Jan
Rubber Co
pfd
Safety
1.600
24
Jan
4%
conv
30
107%
24%
24%
36%
Dec
*28%
106
24%
Oct
1253/4
13
Dec
400
108
130 ya
0
25
May
26%
36
105
24%
Nov
July
203/a Sep
125
,
Mar
66
Feb
Feb*
*34%
104%
130
513A
19%
4,500
20
3
134%
8
11'
Sep
613A Jun
preferred
55
*107%
*152
„/
193/4
75
27
Gulf
20'A
13l2 Sep
13
22
31%
III
35
35
Sep
: Mar
Jan
$5
54%.
115
128
6
Jan
600
*71
Mar
19
Green
79
226
23%
13.700
31
69
36%
73/4
226%
2,200
168
69
108
36
8
600
*72
Aug 28
Dec
3% Aug
140
Sep
52 3A Aug 29
134
Jan
Goodyear Tire & Rubb—
No par
$5 convertible preferreda__No par
2,200
fi.ooo
79
150
il Sep
62
JGoebel Brewing Co___
1
Gold & Stock Telegraph Co—100
68.100
18%
61
23
Aug 20
433A July
22%
$4.50
500
26 3/4
*167
43 % Aug
40%
Nov
Feb
7 99
Glidden
7.800
53/a
30%
?
4
1343/4 jan
127
Feb
2%
16
Corp
Telephone
200
An
52%
31%
603/4
108
53%
168
*72
60 3/4
v
40
22
Apr
4,000
50%
'•>;
35
5
43/4, Jun
Dec
155
Jan
Goodrich Co
17%
18%
49%
18%
12
483/j Jun
'
53/8
26%
26%
51
49% Sep
1
2
-
29'/a July
Dec
Apr
Feb
11
Goodall-Sanford Inc
226%
533/4
•
16%
60%
69
/
69
73/4
75/a'
*49
*72
103
35%
35%
193
23%
*106
108
*226 !
193
& 53%
60%
7%
226%
-*68%
60%
34%
8%
*192%
79
26
*106
-
35%
*226
313/8
1683/4
25%
108
52%
31
*72
79
60%
,
173/4
18
*167
169 j
169
*72
-61
52%
31%
30%
31
170%
# 60
52 3%
51'%
51%
5%
24
Feb
3% Jan
40
124
Jan
25 y»
140
19%
6,900
110%
253/4
813A
May 31
.
Jan
preferred
Gimbel Brothers
3,600
57%
25%
Jun 25
32% Jun 26
172
."I 14%
66'/a
57
139
4
Dec
7
103 'A
,.110%
,
22
Dec
7% July
22%
253/4 Sep
4 'A %
3,500
;
71143/4 Jan
19%
f
273/« Sep
4'/a %
*4%
Jan
22
$5
*523/4 7 54
,
43/4
1513A
Jan
Jan
11%
-
24
Gillette
400
33%
6%
4%
22
Nov
Jan
40
8,600
98
■
15
22
Jun
Oct
9% July
161
Feb
12 % Jun
37
27% Mar 20
1
26% Jun
22
'156% Jan
; 37% Jan
143
Jan
General Tire &
700
29% 730%
■
22
Mar 21
Jan
19
7%
183 V2 July 30
Jan
18,500
-
Jan
V
10
Gen Time Instrument Corp—No
3,600
*
17%
*65%
103%. 103%
32%
108%
2
•
19
4% %
173/a
2
.
Jan
13
7
21
General
600
108%
*30%
*150
32
Jan
18
58'A Sep
10% Sep
Gen Steel Cast $6 preferred—No par
111
17%
4%
*148%
151%
V 32
*107
30%
54%
108'/2 Jun
v
1
340
>.
30
Apr
Jan
Jan 31
—No par
1,900
i
100
Dec
41%
No par
.100
10c
General Refractories—;
3,100
33
108'A
54%
4%
4%
;
x32
17%
29'%
98
-
109
32%
*
32%
ley*
53
General Shoe Corp
5
X32%
Feb
par
Railway Signal
900
32
32%
10 y.
Dec
par
preferred
Gen Realty & Utilities
25,700
253A
111
*107
Dec
,
'
par
6%
*107 Va
29%
.
Gen
18
29%
33%
3,800
100
29%
*96'/4
109
2,100
140
108%
33%
58%
Corp—No par
1
No par
3
7'35%
253/4
109
Jan
No
$4.50 series A preferred
Gen Public Service
17%
17%
*98%
*53
111
Gen Precision Equip
General Printing Ink
10
993/4
173/a
98%
,
/
31%
5i;
No
A—
3,200
173/a
17%
98%
33 'A
108%
x33
2
58
-
—No
Outdoor Adv
4,800
43/4. '7" 5%
26%
26'A
.
Dec
Jan1
,
,,Apr 27
64% May 7
17% Sep 13
1
10
Common—..
15
29%
-
17%
99%
96%
32%
108'/2
108% 108'/a
32 3%
*98%
54
*107
111
32
108 %
5,200
293/s
*135
4%
23%
——
preferred
$5
Gen
100
203/a
3
t
140
2
series A .No par
No par
—
—100
112
7.77,35.
7%
Jan:
Feb
No par,
rts
Nov
4% Jan
.—No par
No par
General Motors Corp
1,400
61%
.
,7. *109
343/4
333/4
*107
112
3% ,3%
35%
35
140
*303/4
111
14%
*109
108 3/e
31%
28%
15%
112
"
26%
27
25%
*107% 108%
1 *33%
34
126%
1263/4
(new)
preferred
Common
29,900
20»/4
♦109
5%
660,600
60'/a
15%
"I
%
.743/4
Mills
General
70
'
T9<5"
126%
29'/a
$6 conv preferred
30
4,000
129'A
73%
v
20
*137
4%
%
75
60'/a
,
110%
X34%.
•
74%
126%
3Va
35
n
75
6133
15%
138
25
A
74%
*128%
06 ,•>
*
13%
preferred
Corp..
Jun
62%
General Cigar Inc
Foods
Dec
18%
"May 16
11% Sep 12
preferred——100
—No par
100
cum
18 y»
Sep
Oct
76
—
Gen Gas & Electric A—
8,600
150
45% A 46%
20
28%
U* 3%::. 3%
4%
127'A
13
75
110%
.,
150
*128%
*74%
126%
:
47%
-
31
18
1%
20
,
4% .'74%
153
463/4
1 3>2
19%
15%
*150
47%
129%
74%
*60%
110%
150
47
129
3/4
♦125%
*134%
150
483%
1293/a
74%
28%
153
46%
*128%
%
Uz
74%
: *34%
*150
493/4
129%
*128%
-
2
1043A Apr
7%
450
1,400
Dee
Dec
15%
July
5y» July
16
Class A———-No par
2.500
v.
31%
17%
•
66% Feb
23
•
.
3.200
;
:
Jan
>7 7% Jan
Transportation———5 ,7 49
83A
General Baking——wB'
11603/8
$8 preferred
.—...No pof
/ 17%
General Bronze Corp
5
6
General Cable Corp
No par
General
129%
14% Apr ~ 6
163A Mar.9
!-50
General Electric Co—
153
19
V.
Jan
163/a
12
Jan
2%
♦
"
/
Amer
11,200
'
18 3/4 Jan
7*'
2%
12%
12
20
203/a Apr
.
22
27,900
*150
27
7% Sep
183A Feb
.
6
12% Jan
Gen
1,900
,
;
132
*160
9% Feb
2
2
Jan"
$4,50 preferred —————100
8.800
.
32
31%
7-31%
162
6% Jan
4% Jan
16.
i
46'A
For
V
—5
Investors—
Amer
Gen
7
11
131
313/4 ;.
270
..
21
11 7
,
133
313/4
7
48%
13 5/
>
.
1
Gaylord Container Corp..
5%% conv preferred
!
900
,
48%
104
Dec
108
Jan
93
"
46
i 35%
Dee
i-20
J
4%
24%
May
110% Mar
July 20
Apr
Wood Industries Inc
Gar
49%
19%
Aug
32
383A
par
—1
$3 preferred
10
.
25.300
,
62
*180
32
;
46%
,30%
Dec
10%
Jan
Nov
6'A Mar 20
—No par
4%
*34
24
Jan
Aug
14
Co
46'/a
23
Apr
5
22%
27%
7 25//Fan.24
(The)..———Ao par
Gardner-Denver
400
49
7%
17
7
53%
""
♦107
184
Gameweli Co
2,600
716% 717% ;
•
11%
132%
31%
f 19
62
20%
/
/
{
4%
25%
Aug
Nov
27%
Jan
118
(Robert)
Inc
Co
46%
34%
Dec
105
Jan
Apr
19%
Jan
30% Feb
777 6 %' prefwred^-t,i^---i-.-^--.i»28;:; 7
2,700
70%
10%
70
19%
Galr
15,800
,
49%
*105%
100
17
No par
Gabriel Co <Th6) el
5,200
,
18%
28 3/4
U
8 3A
7% i::. 7 % 7
.
18 3/4 v18%
4'/a
W
17%
45
•
—1
483/4
:
Jan
4
0 47%
100
45%
31
14%
18
pfd—-100
_10
—
preferred
4'/a
*169
Jan
11
4
Co
4% %
46%
>
Dec
143/,
60
Jan
Trailer
Fruehauf
750
493%
51%
Dec
47%
293/4 Jun
2
25
Co
4%
*26
44%
.
Jan
Jan
107% Apr
41
25
Freeport Sulphur
'
453/4
r
May
Jan
9%
13% May 9
38% Sep 13
16
par
_1
Co—
48%
*110
Dec
22
Jan
Jan
23'A Jan
—10
F'k'n Simon & Co Inc 7%
4%
57%
6%
21%
;
Aug 23
32
5
22
23
107
—_10
preferred
prior
46'A
*150
2
2
l10
Corp—.
49%
4%
7
109% July 27
383A Mar
7
Mar 28
26
No par
Inc
Machinery
6%
10
57%
130
Food
4%
96%
5
42'A Jan
—.100
453/4
33%
33 y4
8
23
Jan
53% Mar 26
par
Corp.
preferrtd
Foster-Wheeler
1,000
:
Steel
conv
Food
;
7
393/4
57%
130
5%
483/4
♦53
May
16% Aug 28
'1053/4 Apr
No par
—
4%
17
57
333A Mar
Dec
Dec
50
par
No
(The)——
46%
♦107.
Jan
.
Oct
17%
47 V.
;
21% July 24
25
No
Florsheim Shoe class A
180
144
393/4
58
57%
134
17
Co
preferred
49%
w
2%
4
103
100
I
Stores.
4%
32
Apr
Jan
93/a Jan
1
r;' .48%
'45%
/
9%
21%
23 % Jan
10
preferred
Follansbee
,
7
1,400
;
27
♦138
39%
39%
230
V
35%
*26
144
183/4
10%
,
.160
*107
13%
13
28'A Jan
100
Florence Stove Co———No
1,200
20 »/4
63'/a
35
■'
$4
900
64'/a
63%
35%
*138
.
2.400
67
.
132%
31%
*30%
Apr
24% Sep
253/4 Jan
/
par
Corp__
National
Flintkote
'
400
9'/a
pi" 9 yi
*26
r
First
500'
40
♦39%
8%
20 3/4
7%
♦181%
32
.
84% Aug
573A Apr 28
73A May 5
2
No par
Stores
Dept
Firestone Tire & Rubber-:
4,500
52
X63%
18%
57,
11%
32'
v
Feb
6%
.
Dec
'
1,500
50
X35%
;
73/a
•106/
20%
11%
15%
Dec
78 y»
24
2
104
•
,__5
-
Motor Truck-.
A'A%
300
,
653/4
183/4
16%
184
20%
28%
Dec
70
24
17
2
Fidel Phen Fire Ins N Y_^
107'/a
52
7%
*59%
57%
10%
10%
109
14
Jan
12
123/4 Mar 26
No par
Ferro
62%
'
*181%
*
Jan
15% Jun
423A Jan
Corp_l
15
Min & Smelt Co__
'
390
203/4
>39%
preferred
:
6,900
•65
36%
*17%
30
32 y4
,8%
10%
.
:■
107%
%
Apr
7
25'/a Jan
*
20
Traction
&
2,600
109 '/a
8%
64
♦138
39%'
57
/
126
68% ' 683/4
10%
57%
74
1%
%
97/a
46%
,
.,
Jun
Jan
6
.No par
1,500
313/a
/ X18%
17%
69
•106'
50%
15% Jan
Rad
29
109%
8 3/4
73/a
*19
28%
*59%
16%
*128%
2
A Oo_
56%
50
*39% *41
203/4
.*26%
106
32%
9%
63
.
Light
Federated
109%
18%; 18%
18%
17%
i
11% Jan
$ per share
*
8%
■I : 7%>, 7%
160
Federal
Federal
1073/a
51
52
66%
363/a
145
r
39%
126
41
8%
>
27
16%
,■
-
55%
•
89
Fajardo Sug Cq of Pr Rico
3,100
32ya
'
66'%
36%;
,♦26%
i
39%
*55
*125%
55
*54%
*124%
i.
146
39%
•
27
17-7aA so
Parnsworth Televis'n &
3,300
.
109%
/
*40 /
/
21
64
-
32%
50
8%..
21 >
36
17%
•140
Jan
May 21
'
49%
66'/a
*62 V.
36
26%
40%
8%
63%
64
64%
86
42'A Jan
28%
107%
50%
110
110
49
-
21
i-: 64 ft
64%
22
84'/2 July 11
1
IlZIIIIa
56'/4
l
64
*107
52
32%
32%
109'%
40%
.*■
8%
21%
63%
63%
107 y2
*51
49
64%
36
-
108%
40'/a
*8%
i 64 y8
.f
.
63%
*107
51
P-
79
108'%
/49<Z
*47%
40 :.IP.
8%
*64%
63 y4
107%
50%
"
♦107%
49
62%
107%
107%.
50 y«
11%
38'/a
*105%
28'A
57
"62%
273/4'/
38
106
28%
♦107
::
20'/2 Jun
19
-50
Co
Fairbanks Morse
■
*
"
12 y8
50;
32%
12
68 '/a Jan
Highest
f per share
20
12% Jan
100
Exchange Buffet Corp
15%
38%
62%
200
54
223/4
27%
*106%
2% Jan
par
Corp
30%
12 y8
50%
par
Cleaner-
Products
15%
38%
62%
Ex-Cell-O
54 !>
12
107%
Evans
3,300
Vacuum
293/4
38%
62%
8.800
;
Eureka
153/4/
12.
107%
5,800
533/4,'
38%
*105%
I per share
Lowest
-
;
6%
11%
106
•p'*47':""
51
38%
38%
.
24%
/
■
-No
RR Co
Pitts
&
I per share
1944
Year
Highest
.No
Bldg
Office
common
pref series A
29%
57
50
15'/a A
*6%
ftK
5 %
Erie
50%
.
JEquitable
Erie
300
;
92
23%
24%
50%
*6%'"
7
143/4
22%
■
27%
I
77'/a
14% / 15%
6'A
5,400
14,700
16%
*76%
Range for Pre-noos
Range Since January 1
77 Lowest
Par
29%
36
27%
21%
.15%
78
♦88%
143/4
6%
16%
•
1
,
7'
Shares
2
,j
t.
STOCK
YORK
EXCHANGE
53%
109
-
-12
*105
:5
I
92
2
:
SlOCivS
NEW
.".77;':;.
15'%
.
23
36
-
*28
11%
38%
15%
109
'
36
*27%
29%
15%
♦22%
109%
*35%
53!
29 %
'
78
'
I per ehare
1%
for
'
52%
28%
*6%
16
79%
14%
,
"
*6
163/a
A
*88%
14%
21
1%
Sales
the Week
Sep. 14
f per share
1%
16
*78
Friday
Sep. 13
I per snare
13/4
16%
•
,,
'}
2
v
22
%
'
.
;1%
Thursday
Sep. 12
I per onare
2
79'/a
•
.
; *78 :•
14
1%
Wednesday
j
Sep. 11
l'.
;
per share
2
$ *83%
*21
Tuesday
Sep. 10
1293
preferred
—*10
1 i
(modified)—100
Hayes Industries Inc
-.1
7% Jan
104
Aug 31
9% Jan
4
Sep
110% Jan
,15y4 Mar
ny4
13
12
24% Sep
102
15%
6
Apr
2
155
373/4 May 28
10 3/4 Feb 16
112
May 16
14% Sep
13
138
'
Apr
>
ley# July
109
Dec
Apr
21
July
Jan
152
Jun
5%
Jan
104%
Jan
6%
Apr
8%
110
9%
Dec
Jun
July
Dec
Sep. 8
5 per
.«
■f t
share
•117
*25
*24%
80-
•134%
.
28%
28
97
97
23%
*74
132
24
24
24
24
"31Vz
28
*73%
76
24
24
24%
24
33 %
27 *A
*26%
27
26%
26%
26%
26%
*25%
54%
X54%
54%
55
55%
55%
*19%
20%
20%
20%
*19%
55%
20%
20%
*19%
20%
*19%
28
27%
28
X
2,400
51%
52
?■
3,500
HomestaKe Mining
48
47%
48%
2,600
floudaille-Hershey cl A
23%
23
23%
23%
23%
23%
23%
27
26%
26%
26%
26%
22%
23
23 %
23
26%
26%
26 V*
26%
15
15%
104%
106
♦104%
106%
32
♦80%
82
*79%
5%
*15%
16%
15%
15%
23
29
30%
15%
28 Va
15%
28%
29%
30%
36%
37
34
33%
34%
63
63
63
'
-
31%
'
31
31
27%
27 Ye
55 >
120
37%
33%
34%
120
*93
95
13%
9%
50ya
V.,ft 9%
9%
49%
49%
*49
106% ,106%
*107
9%
*7
♦193
*106%
107%
7%
"7%
11%
7%
11%
193
91%
194 *
91%
194
*
91%
91%
5%
5%
23%
89 y2
89%'
6y8
107
*107
7%
7
11%
QO
136
'/■
30%
195
9%
*135
♦183
*107
107%
7%
99%
183%
100
99%
17%
102%
5%
5%
..
46
*117%
120
•115%
*125%
144
•125V2 .145
*40%
40%
25 %
25%
'
40%
*125%
■
50
26
25%
26
39%
25
?
*151
155
*151
42'
:
111%
*130
130%
132
130
130
*38%
39%
*38%
•110%
111%
-'•110%
*128%
>
39%
•
111
-
40%
X40%
|
..
16,000
400
6%
1,600
.
35%
:
41
100
57,100
27
26%
1,500
27
43 "
44
43%
43%
43%
43%
27
♦120 '•
38%
*120
39
115%
;
26
38'A >39%
>
38%
97
'
39
*110%
*120
39%
96
26%
26%
26%
*29%.
29%
118
400
;
39%
38%
~39%
95
117%
26
26
•
39%
96
114%
130%
38%
40
•
~39
115%
118%
?1,400
■
95%
*94
95
117%
25%
25%
26
25%
25 ¥4
29%
29%
29
29
*28%
300
-
117
118%
25%
'
1,500
HI
*120
39%
97
Feb
Jan .16
\ 7% Jun
25
1% Jan
19
23% Jun
26
6
26% Aug 21
32%. Feb
28
14% Jan
34
2
.
Jan
-10
3% Jan
,,
2
.
22% Mar
29%
1,700
1,700
i
Feb
1%
Jan
6
Aug
Nov
'
37% May
24.
Feb
32%
26
10 y2
Jan
23% Dec
Apr
28
25 y«
Jan
56
91
Jun
25
46
Jan
77%
Dec
22
38
Jun
26
8
Jan
22
Dec
19% Jan-
2
28
'Sep
Apr
20V*
39% Jan
2
'Aug
1
104
104% Jan
24
_
_
;•
2
9
:Sep 12
6
25
3.
50% Apr
,109
8 % Feb
6% Mar 26
173 % Jan
17
ay
19
6%
Feb
23
Feb
67% Apr
Jan
1¥4
15 y»
Jan
65
Jan
8 ¥4 July
,
10% July
82 y2
25%
-
130,
140% May 22
Apr
Jan
Dec
180 V*
Dec
3¥a Aug
18%
Jun
Dec
; 80
6%
4V* Jan
8
Nov
188
Jan
1
36% May
24
Jan
165%
Sep 13
7% Feb
2
28 Va Jan
129
105% Dec
6¥a. Jan
12
27
6% July 31
25% Sep 13
90 ;
2
5% Jan;
40 ¥4 July
Nov
^
1547/8
14
'
75% Jan
Oct
Apr
6
2
Jan
8¥s
Jan
13
.
12% July
7%
104
11
'12, Sep
195% Sep
6% Mar 28.
V.
Sep
Feb
Aug
29%
27
Apr
Nov
165
*87
9 ¥4 May
9% May 25
8% Jan
111%
Dec
Mar
71%
6
Oct
106%
Jan
88%
15
-
14% Mar
11% Mar 26
37% Jan
Jun
158
96
Dec
.
42 ¥4 July
35% July
100
122 ; Jun
174 ' Jun
104% Jan
.
15%
lOOVfclilar 16:
26
82 J Jan
1
7
Aug 29
58
-
2
-
Feb
166
<
Jun
32'A July
Oct
136
19% Jan 26
32% Sep
12
13 Vb
Feb
21%
Dec
84% Jan 26
100 % Sep
13
21
66
Feb
94
Dec
-
19 3A Jun
9j/2 Mar 26
79
103% Sep
47% May
Mar 27
41% July
39.
Feb
92
7 ¥4
2
Feb
12 Va
68%
Jan
92
Jpn
39 Va. Jan
7
5
42%. May 31
3
47
Aug
Jun
35%
43
Sep
Dec
Jan
Jan
93
Feb
135
Oct
Dec
Jan
2
137% Apr
19
18% Jan
2
18% Jan
2
31% May
31% May
17% Jan
2
27
Sep
12
19% Jan
24
27
Sep
14
Aug 31
44
Jan
12
151
Aug 27
138 y4
34% Jan
,
22
42% Aug 31
114% May 31
Apr
38 ¥a
Aug
107%
Jan
112 Va
Nov
84 ¥a
Feb
30
Nov
;
36
145.
Jewel Tea Co Irtc
—No par
preferred
100
1
134% Jun
xl43
109% Aug 22
Sep
Sep
56%
117
13
7
liy«
Jan
20
7
11 ¥4
Jan
20% Aug
15
Apr
20'A July
15
Jan
29
Jan
45
July
Jan
144
Dec
-
12
2
133% Sep
118% Aug 22
Jan 25
31
^^100
130% Sep
40
Jun
12 Va
27
14
18
Jan
101
No par
3Vs% preferred Johnson & Johnson
16% Aug
8y4
76
No par
No par
Johns Manville Corp—
28% July
18% Jan
-No par
1
1
preferred
Jun
11% Dec
72% Jan 24
V
100
No par
—
July
2¥a
Jan
May 19
6% July 31
6
..
13% July
37%
42% Jun
SO
Silver
Intertype. Corp—
Island Creek Coal
4 'A %
1,400
*109%
110%
*120
39%
97
117%
115%
600
,
133%
39
39
42
*129%
130%
110%
111%
30%
19% Jan
100
-13
100
Intern'l Telep & Teleg
Foreign share ctfs
Interstate Dept Stores
16
111%
136
130%
1,800
133%
*132%
38»A
97
*95
115 VB
800
*108%
111%
r
38%
*95
-
155
*41%
42
*108%
38%,
111%
-
*151
155
111%
130%
21
1
Co—
preferred-
7%
tJ
3,500
25%
130%
43% Feb
70% July
Feb
20
100
conv
International
100
26%
26%
130%
IV*
34% Jan
;
5%
410
26%
132
85
Aug
6
18% Apr 20
63
22
Inter Rys of Cent
3,200
100
26%
Paper
Aug
29% Jan \ 3
—9
————
Jun
18 ¥a
9
12% Jan
preferred
Am——No par
preferred
—)
100
International Salt—.,—-—No par
International Shoe—-———No par
5%
5.900
.
*125 ":: 144
27%
Preferred
International
45"
3
,Apr
109% July
103% May 21
66% Jan
2
—No par
Int Nickel of Canada
2,100
143
—
4% preferred—
^
International Mining Corp
^70
27%
26%
131%
Feb
Aug
41% Jan 30
No par
—No par
'—No par
.'
.
36.100
■40%
*119
27%
!
32,600
.
121%
40%
119
41%
23
1
International
91
32
31%
99% 100%
1
46
26%
42
Jan
2
; 47% July
May
13%
-23
Int
26%
*41%
42
13
25
100
L
-
13.200
5%
25%
26
*108%
Jan
14'
23% Sep
2
Hydro-Elec Sys class A
Min 81 Chem
Preferred
420
17%
17%
'*/■ 102 ' 102
\ ■ *44% ,46
102
*151
39
48'A Sep
2
Apr
X143
155
26
2
,Sep
25%
*151
60% Jun
Aug
Jan
No par
4V2% preferred
Feb
16% Jan
44
93
119
120
132
*110%
-
'*120
Dec
187
27
111%
131%
19 V*
74 % Mar 21
25%
41
♦108%
Nov
Jan
15
178% Jan - 4
2% Jan 23
26%
155
41
41%
111%
*130 %
132
*128
41%
*i08y2
42
*108%
♦151
155
Sep
21»A
13 V*
17% Jan
100
42
39%
38
47 V*
Jan
30 f,i Aug 27
7
ctfs series A—
Interchemical Corp
"
•
38
Mar
13 ¥a
Aug
J
34%
17%
17%
♦101%
*44%
*125% 144
25%
27%
27%
26
.
'
•
25%
26%
*24%
..'25
36 V*
19
-100
"
'
Jan
14
International Harvester—--No par
25% ;
25%
26%
26%
26%
26%
25'A
20 V*
Sep
1.500
-
i36y2 136%
.
32%
100 Mi;.
99%
44%
*115'
5
25%
28
56
20% Feb
7,300
6%,
136 y2
31%
17%
40%
145 *
25%
29% Feb
195%
91%
*89%
35%
103
44%
120 "
26%
2
23
Interlake Iron—
Int Business Machines
5%
6%
35%
"136%
100
17%
40%
40%
19 ¥4
Intercont'l Rubber—
25
90
6%
32%
102
46
*115
120
6
500
-
25%
89%
1357a"
99%
"
17%
24 y8
35%
34%
31%
f
102%
*44%
46
*44%
40%
32% Sep
21,200
,184 v, 184
184
6%
6%
135%
32
17»/a
Dec
25% Aug
23% Dec
25
Jan
195 y2
90
'
93
24%
89%
24
* 135%
102%
July
125
11%
7
195
X92%
5%
*88
6%'
34%;
30%
17%
73
Apr
11%
7%
"195
'
,
183%
5%
89%
102%
Jan
42
Insuranshares Ctfs Inc——
Jun
63
Co———No por
Inspiration Cons Copper
20
1.100
Mar
.
114
Inland Steel
600
49%
12
'
*38
10,000
*8%
107'A
*7
93
92
23% *
-•
34%.
/
30%
'
17%
26%
13%
13%
49
9%.
11%
11%
194%
5%
*6%
34%
*99y8
99JA
*24%
.1.300
-
23%
136
-
30%
103
25%
*25%
95
49
'
183%
*88 :
6%
34l/a
34%
138
17%
94
'
23%
99
t
175
'
6'A
103
400
1.000
122
*171
13%
13%
*8%
9%
107
194
182%
5%
5%
89»/2
30%
.120%
'
96
95%
2,400
104%
*104%
104%
175
49
7%
91
v'"23%
34'A
26%
54%
2.100
54%
50
11%
194
23
*136
26%
55%
122
'
*88
6'A
27
50
107%
*7
182%
182%
184
5%
*9
180
122
13%
13%
9%
50
11%
■
183 V
13%
9%
30%
134
80% July 16
17
1®0
1000
Indianapolis Power & Lt——No par
Industrial Rayon———--No par
$4,50 pfeferred A_
—No pa*
Ingersoll-Rand--———-No par
"■
6% preferred
-——
-100
RR See
89
Jan
23% Jan
Leased lines i%——
f1
Apr
133% Aug 20
23% Aug 31
preferred series A—.——100
'6%
75
128
15
-20
—
RR Co—
Illinois Central
80
30%
*171
96 !
Idaho Power Co.
1
2,000
.
32
*104
175
95%
,
'
11%
5
11%
121%
*171
95%
13%
13%
13%
104%
121
175
*94'%
-
*104
-1"'
120
66
82%
27
54%
io«ya 104%
1,200
11,100
54%
27%
*171%
:
34%
65 :
82%
,,
83
*30%
32 f
54%
v
.
14,200
37%
"
34
67
83
27%
94%
13%
67
83%
55
175
50
66
83%
27%
♦171
*93
64
-
.
2,900
.11,200
6%
"37
37%:
35
83
200
29%
6
37%
63
:
16%
27%r;23
34%
54%.
:
120;
'
6%
*30%
104%
f
*104
119%
175
30%
6%
27%
55
*171
29%
6%
31%
27%
55%
*118"
28%
30%
*30%
*55
*104% 104%
28%
29%
1.200
.
Feb
13
July 20
■?.
41% Jan
—
'
37%
82 *
*30%
*27%
29%
28%
18
28%
5%
■
27%
15
25
Co.—No par*.
Houston Oil of Texas v t c
25
Howe Sound Co
—8
Hudson & Manhattan
100
5% non-cum preferred—
100
Hud Bay Min & Sm Ltd
-No par
Hudson Motor Car—
No par
Hupp Motor Car Corp
—*
9,800
Nov
170
Apr
x99v Sep
138
Feb
75%
Jan
Mar
20%
Feb
Houston Light & Power
4,400
♦15%
*15%
6
t
4
5%
35
62
84 ;
,
37%
33%
;
f
*82
5%
5%.
39%
63¥4
160
Feb
1°°
preferred
3%%
50
loo
' 40%
15
40%
5%
40%
3,500
:
80%
15%
15%
16%'
&%■
*36%
37%
84
5%>
6
6'/a
6
33%
*82
5%
-
-
*79%
12
Sep
Aug
9
31% Apr 24
Sep
Dec
22 y2 July
72
.r1
Finance
84
189
21% Aug 20
No par
—No par
No par
Class B
Household
105
105
82
15%
41% i
*5%
*15
36%
*61%
15 %
29
29%
6%
40%
30%
28%
30%
-
15
41%
40%
41%
5%
K 5%
15 Vn
15-
15%
40%
*5%
6
26%
107
*80
82%
14%
40%
*40
26%
*106
107
107
♦81
6,300
;
2
10
Jan
8%
112
Sep
123
Holly Sugar Corp
52%
47
.
Mar
20%
15
3
(A)
Hollander & Sons
100
,
27%
46%
80%
20 y8
(Del)
52%
52 e*;r
46%
107%
♦19%
Hires Co
Holland Furnace
46%
27%
51%
46%
80%
(C E) The
1,200
2,100
27%
27%
53
46'A
26%
Dauch Paper Co
mnae &
26%
56
56
52%
27%
52
46%
♦106
2,100
99
Feb
5
10
-1
10
Corp
12
25
130
Ho par
preferred
Rubber
Hewitt
'
Chocolate—*——No par
conv
27%
27
51%
22%
$4
46 %
27
51%
1
*31%
■
52
26%
*46
33%
*31%
33 %
*31
33%
Hershey
33%
*31%
27
54%
6%
100
300
132
after
pfd-5%
130
75%
*130
131
Highest
f per share
Jan
26%Jun
22% Jan 22
82
Jan: 8
——No par
Nov 15
100
Hercules Powder.
1,300
136
136
135%
*73%
131
..
170
-
2%
118% Sep
10
71% Apr
-25
W)
(G
Helme
Mar 13
«
Co.
Hecht
11% Aug 31
Mar 26
20% Jan
'■*■1% non-cum preferred—-100
Hercules Motors,
—No pat
1,300
98%
56
26%
1
28
98%
27
*31%
*54
f
200
99
135
76
*131
23%
23%
33%
23%
*135% 136
78
200
86
per share
1944
Lowest
tr per share <
share
108
—25
Hazel-Atlas
189
28%
28%
132
25%
*82
*182%
10,800
per
6
Hayes Mfg Corp—
Glass Co
180
,
7
x98 %
*75
132
86
28%
10%
118%
*25%
25%
189
*82
*182%
98%
*131
75%
132
f
*25
84
*97%
135
134%
136
75%
78
133
25%
189
28
23
98
*134%
138
•75
*130
25%
*182%
189
10%
113
xll8
Shares
-
f
Par
118%
10%
10%
118%
84
84
*81
28
98
:i
25%
*24%
*182%
10%
118
Highest
'
'
$ per share
•
Lowest
EXCHANGE
;
Year
Range Since January 1
STOCK
NEW TORK
the Week
Sep. 14
Sep. 13
..
t per sharp
per share
10%
10%
113
'
97
28
98
84
118
*182 %
—
28
25%
*80
".' 25%
80
*182%
10%
117%
\9
per share
10'A
10%
117%
10%
117%
10%
e
per share
..
Sales for
Friday
Thursday
Sep. 1Z
Sep. II
Sep, 10
,«
;
Toosdav
-
Bange fer Previous
STOCKS
UGH f ALE PRICES
Wednesday
LOW AND
MamAew
Ittarltf
..
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1294
Dec
20 y8
Dec
105
7
34%
Sep
109% May 31
113
Sep
4
Sep
111
Dec
Jan
10
102
Apr
25
90May
95
May
27% Jan
,4% 2nd preferred ser A
100
Jollet & Chicago RR stamped—100
Jones 6c Laughlln SteeL.
No par
,5% pref series A
100
5% pref series B conv—
100
Joy Mfg Co
1
24
39¥4 Sep
12
20%
Jan
28
Dec
58
Jan
80
Dec
66 y2
Jan
93
Dec
20%
Dec
21¥a
Aug
90
79
98
Mar 27
July 16
30% May
9
19% Jan
,
1183/4 Sep
2
91% J an
107%
12
10% Jan
9
K
29%
*29%.
29%
121%
121%
122 <
227/a
*29
119%
23
22%
23%
*53%
25
54%
54%
24%
*24%;
37 Va
37 Va
37 :
29 V*-
29 ¥4
37%
37%
22%:
: ;24%
54%
*24%
*119%
;
55
*29
122
122
*119%
23%
23
;
55%
*55
55%
25
*24%
25%
39%;
*55
25%
*24%
39¥a
39 ¥s
29%
29%
30
X29
29
26%
25%
26%
25%
26%
26%
27%
x26¥s
27
387/b
38y2t
36
38%:
39%
39%
39%
39 ¥4
28%
28 ya
*28%-
29%
•28%
30
50 Vr
30
51 ¥4
X51%
51%
51%
*12
13
/'
86
*83
•
108
29 ¥a
*28%
*11
108
*10 ¥4
42
42%
12
5%
5%
!
42
51%
•
13%
13%
86
:
41%
12
42
40
84
107%
28%
42
52
*12%
X
■
200
400
30
/
4,400
<
:
107%
ior%
28%
1,600
.
3l¥a
31%
28%
4,300
27,500
-
85
31%
107%
:
A
13
•84%
'
1,200
1,300
28
51 ¥a
-
;
39%
28
v
10Q
26%
39%
•
.
84
:31
;
2,100
28%
1
90
'
♦11
42%
41%
!
13
12
500
.
1
30
v;>:
26%
52
*.13
28%
42%
*29
-
29%
31
*11
i-A':
51 ¥4
107%
28%
42% f
51%
—
86
30%
*107-
;
*28
13%
*84
■
31
107%
28%
*10%
1
4 PA
41 ¥4
a
28
42%
•.
41%
y.4l%
*83
x307/a:
*107
29%
28 ¥4
..y
12%
42%
31 %
*107 ¥4
13%:
,
84 Va
31
30 ¥4
30 ¥a
108
13
*12%:
84 • /
•
5,300
25 V*
39%
29%
*50¥a
?
55%
55
38 ¥4
*29
70
::
-"a*
39%
55
29%
26;?
.
23
22%
500
.
*24%
41
40%
•119% 122
'119% 122
23%
22%
23%
\
12
42%
;
42%
11%
*11
42%
43%
<
-
"A
1,200
:-v
*40%
43%
42%
: 3,600
10
No par
Kansas City Southern,——_No par
4% non-cum preferred
-100
Kaufmann Dept Stores^—L.
1
20
Kalamazoo Stove A Furn—;
Kan City P &
22
117
Dec
19%
Jan
39¥a
Mar
59% Jun
18
25
22
41
Sep
Sep
7
12
22% Jan
23
30
Sep
18% Jan
2
-No par
35%'Jan
24
Co Inc
I
10
preferred—-.a-——100 ;
Kresge (S 8) Co
-10
Kresge Dept Stores—
—I,
Kress (H H) 6c Co—
J
No par
Kroger Grocery dt Bak——No par
38% Jan
15% Jun
8%'Jan 15
72% May 14
28
Aug
Aug
9
f
26
37
Dec
Aug
24%
Jun
Jan
19 ¥a
Jun
Jun
37 ¥a
Dec
19 V*
Jan
24
Dec
42 •
31% Mar
3
97/s
Feb
78%
Oct
Dec
Dec
54 y2
Jan
32
Dec
34¥a
Dec
108%
Dec
Feb
27 y2
Nov
108%
22
6
6 ¥4
10 V*
Jan
Dec
Oct
Feb
13
42% Jun
4
27%' Jan
39
Dec
7
31%
Jan
37%
Nov
26c
Apr
x31!/2
Dec
36
Apr
4~9~y4
11
44% May
24
Jan
X26
Jan
13%
3
5
Jan
29 ¥4
28
Mar
29% Sep
Mar 26
8% Apr r 7
»
Jun
112
35^4 July 27
-
17
28
34% Jan
90
1
107
Koppers
4%%
8
20 y4
13% Feb
20
12
27% Sep 12
40
Apr 24
32% Aug 17
52
Sep 13
22% Mar 10
Feb
147/a
26
Keystone Steel & Wire' Co—No par
Kimberly-Clark Corp———No <- par
Kinney (G R) Co
'
—1
®5 prior preferred
No par
124
Jan
22
34
Dec
6'%
Jan
'
Apr
18
18% Jan
cl1 A
Kennecott Copper
16%
5
Mar 26
29% Jun
23% Jan
i
B
124
3
Jan
~1
Kelsey Hayes Wh'l conv
Class
Jan
13
—8
1
& Co
(Julius)
Kayser
29% Sep
3
Jan
117
L Df ser B
L
;
5%
25
25%
*25%
*55
57
-.57
;i
.V:'
5%
5%:
5%
5%
5%
36%
36 y2
25%
36%
25%
58
57%
57%
35%
35%
25
24%
i
.
*58'
25%
60
13%
39
13%
13%
i3y«j
13%
13%
13%
39
113%
;
35 V*
35
.*34%
.
38'A.
39
38%
30 >'.:■!
39!
39%
12%
12%
11%
2%
2%
2%
27/a
:2%
2%
*44%
45'A
44%
44%
43%
44%
44
44%
45
45%
Ul%
11%
:
45
45
45
*22%
21%
64%
23%
*22%
23%
21%
21%
21%
64%
;
64%
64%
65
9%
10
*55
56
97
*95%
*186
30
*39
*55%
io
y;
-133%
'29%
<27%
9%
56
55
*95
96%
96%
♦186%
*37
*58
39
-11%
2%
40
18.400
36%
2,300
■
900
25
25 V;
1-3%
39
39
12%
2%
12%
2%
45 y8
45%
*22%
23%
21%
65
66%
21%
66%
J 3.100
v
:
2,500
1,200
'
3.500
45
45
•
100
23%
22%
9%
9%
55%
*55%
56'A
*95%
97
98
98
186%
*37%
40
.
*37
;,
>
x56%
56%
x57
57%
56%
57
50%
so;
50%
50
50%
49%
21%
21%
V
34
33%
34%
34%
34%
y-
29%
29%
29%
29 %
29%
27%
page
1299.
27%
27%'
21%
21%
34%
29%
27%
& Tlre_—;—
S
47
Jan
22
58
Sep
13
16% Jun
26
Lee Rubber
.1.25
Portland Cement
—
..50
Lehigh Valley RR-^—Lehigh Valley Coal
—No par
conv
preferred
—
C
4,100
5.100
Link Belt Co.
Lion Oil Refining Co
22
22
21%
34%
34%
34%
34%
34'A
31%
30%
31%
28%
31%
50.400
Liquid Carbonic Corp
Lockheed Aircraft Corp
27 ya
27%
26%
27%
20.600
Loews
27%
1.600
21%
•
2,500
Inc
8
15%
Feb
39 V*
Dec
Jan
38¥a
Dec
Jan
217/a
Jun
17% Dec
19 ¥4
Dec
47
Jun
16
24
JUX
26
18%
22
22% Sep
24
67
14
14
42
2
10
f 36% Jan
22
20% Jan
3
17% Jan
5iy2 Jan
li
par
7
7% Jan
.-
47% Mar 28
78
Jan
2
Jan
,3
——
78
181
Jan * 5
32
Mar 23
par
No
par
-No
par
.^-1
.No par
.1
29 ¥a
par
Lily Tulip Cup Corp.
Lima Locomotive Wks.
Jan
8
50'A Jun
•
par
100
iy4
3%'Jun
22
.100
-
Dec
5
18
.-25
——
8y»
21 y
39% Sep
35% Jan
0
Series B
Oct
Apr
Jan
Dec
17 y2 Jun
30
6 % Jan
..23
Preferred
12%
31%
8 ;
2% Mar 26
-
1
Libby McNeill 6c Llbby—
Dec
Jan
4y4
:
,
...50
(new)—No par-
„
12 .'Jah <<4
29% Jan 24:'
,
.„5
Corp (The)
Lehn & Fink Prod CorpLLehman
Liggett 6t Myers Tobacco—.
r
-10
Lehigh
Life Savers Corp
50
50%
50
Aug 23
Lerner Stores Corp
2,600
'
39 y2
56%
26
600
185
12
12
400
98
185
2
36% Sep
3
24 3A Sep
Lehigh Coal 6c Navigation- Co.—
6%
7% Feb
5
»
31% Jan
par
Libbey Owens Ford Glass—No
22,000
-
4% Apr
«
Bryant;..,-—!——No
—No
(The)
5.000
i-'
67
95%
Lane
.100
:
par
Lambert Co
5,400
1
4
55%
9%
8.200
2% v..
23%
21%
«
12%
.
*43% .44
44
.400
10,200
13%
39 Ya
;
f-
60
13
43%
9%
Laclede Gas Lt Ca—
*
55%
50%
27%
58
186%
21 Vt
see
58
-13%
97%
50'A
.
25%
188%
■21%
footnotes
25%
A
97
*37%
5%
x36
♦186
39%
50%
27%
96%
5%
30%
36%'
95%
97%
96%
188
9%
56
■-
5%
5%
56%
»■
For
65%
96
21%
50%
121
21%
*55
39
55%
56
9%
23%
64%
*95
188%
*95%
97
189%
39%
*187%
C"
10
45 y*
21
55%
95
2%
44
.
*22%
:
95
*55
*95
12%
2%
21%
64%
:9%
12
*22%
23%
*21%
45'A
12%
"
.
:.;47% Jan 25
:
Sep
Sep
7
6%
2s/a
Jan
537/a Aug
Apr
8% July
57% Aug 27
39
68 V*
Jan
49 y2
59 Va Mar
Mar
1
7
Dec
83 lA
Jun
86J/2
Jan
96% Aug 27
93
Sep 13
195% Apr 25
39 y2 Sep
6
Dec
Jun
"
67%
Jan
174 y2
Jan
182
26%
Feb
Apr
32%
Dec
*36
52
Dec
37
Jan
44
Dec
Nov
41% Jan
•
22
51
19% Jap
22
24% FebV T
17%
NOV
22 V* May
2
31
34% Feb 13
19%
Jan
30 V*
Dec
31% Sep
14%
Jun
23%
Nov
10
28 ¥4 May
29% Jan
19% Jan
25 y8 Aug
12
17
,Volume
Number 4421:
162
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND HIGH SALE
;
r
Monday
Saturday
S per
9 per share
61%
i;:-.1.:: Tuesday
62%
62%
62%
63
63%
21%
54
55
63
21
21%
20%
21%
21%
21%
52
52
53 %
52%
53
54
54
26%
267/#
26%
26%
176
*172%
26%
25%
25%
56%
56%
56%
16
15%
177
*172%
180
*25 7'a
57
26
57%
25%
56%
-57
16%
16 Va
25%
57%
15%
26%
26%
*172%
177
*25%
.
16%
*
15%
*173
Sales Ior
I per share
63
//: /'
.■,>•>•■
/■
21 Va
26%
21%
7,100
1,900
Loose-Wiles
27
3,300
Lorlllard
;
179
*173
26
*26
26%
1,600
57%
57
57%
4,900
16
16%
15%
16%
4,600
179
7 %
Par
■<;
•
preferred
15% Jan
6
20
18 Va Jan
2
166
100
Lukens steel Co...
Jan
July
27% Mar
60
13% Aug 21
:
14
I per share
40% Feb
12
8%
53
16%
Dec
Jan
44
Dec
17% Apr
151
5
20% July
Jan
165
20% Jan
1
Dec
Jan
28
Sep 13
183
2
Highest
I per share
27% Aug 30
Mar 27
52
.——10
55
4
23% Jan
No par
50
Louisville & Nashville
63% Sep
21% Sep
23
40% Feb
,
10
Co
Jan
50
No par
29
Biscuit
<.P)
Tear 1044
Lowest
I per share
I per shars
•
No par
Louisville Gas & El A
26%
Range SlJllt January 1
Highest
Lowest
Long Bell Lumber A
54%
Range for Prevfeva
•
V'
V.
.
Star Cement Corp
Lone
Y
STOCK
'54%
57
16%
YORK
;/v
1,100
,
.;: AA
STOCKS
NEW
EXCHANGE
Shares
63%
25%
25%
/
the Week
.
63%
21%
//■ Friday
Sep. 14
$ per share
26%
*172
,
9 per share
26%
20%
;
Sep. 13
20%
51%
*
•' ■:
Thursday
Sep. 12
S per share
share
*62
62
PRICES
Wednesday
Sep.11
Sep. 10
Sep. 8
129$'
Deo
24%
Oct
21
Jun
mmmrnm,
17% Aug 31
—
—-
:•
M
*34
35
*34
36
*151
155
'%51
155
58%
58%
39%
59%
39%
*107
39%
109'%
!2>/4
*107
22%
19%
9%
*430
*22%
19%
19%
*435
460
*34%
34%
*151
60 3%
39%
*107%
23
19%
460
39
39%
34%
155
59%
59%
109%
22%
19%
*430
34%
*151
*34'/a
60%
60%
39
*107
109%
233/8
*23
;
19%
60%
59%
2,700
Mack Trucks Inc
3,000
100
Macy (R H) Co Inc_
4% % pfd series A
Madison Square Garden—
35%
39%
108 V2
108%
24
23%
23%
19%
19%
19%
*435
460
*435
■
9%
9%
93/4
9%
9%
9%
16%
*15%
16%
*15%
16%
16%
16%
*16%
16%
*16%
29%
29%
29%
29%
16%
29%
2i>'/4
2»V4
•id
ou
4%
4%
4%
4%
4%
4%
29%
43/a
4%
4%
8%
9%
9%
*4%
'
8%
-
8%
16
16
29
8%
15%
8%
8%
'
16
!
16
27%
23%
29%
29%
*107%
109%
*107%
27%
27%
19
27%
27%
8%
16%
29 Va
109%
*107%'
8%
8%
*16
8%
•
8%
16 %
16
16
16
29%
29%
29%
28%
*106%
109%
*106%
27%
28%
28%
-
.100
No
'
•
460
108
4%%
27%
—1
(Glenn
203/4
19%
20%,
20
20
3,500
Martin-Parry
46%
46%
46%
35
35
35
46%
35
46%
2,900
105
35
35
35%
25%
35%
35
25 Va
35%
,
1.700
26%
,
6.200
Mathieson
4,100
105
25%
25%
191
40
105%
1043%
253/a
*185
191
1053%
25%
105
26
40%
105
26
191
*185
41 Va
403/4
*185
41%
105%
105
41%
105%
105%
12%
12%
12%
12%
12%
12 Ve
12
12%
12%
12%
12
48%'
48%
49
49
48%
49
49%
*112
49%
49%
114
114
*112
114
*112
114
*112
114
;
350
;
3,200
3
4
,5% July 13
8% Feb 20
2% Jan
6% Jan
3%
Wks
.No
Maytag' c.o
$3
1,200
*
2
7% Mar
■
9
M
par
22% Aug
No
preferred
Jun
12%
Jan
21
May
13%
Apr
20
Deo
5
16%
Jan
25%
5ec
20
4%
Jan
12
Sep
37%
Apr
51% May
29
Jun
21
12
110
8%
....
Aug
6
27% Feb
195
25% May
19% May
16
170 /
May 17
41% Sep
14
107% Jun
Dec
Nov
23
51
Sep
-—
—
4% Mar
11% July
32% Mar
Aug 27
114
Aug 14
24%
176%
Mar
—
13% May 29
8% Jan : 4
40%' Jan 15
No par
Oct
4
47% May 5
35% Sep 13
34% July 17
104% July 24
par
Deo
243/4
13
4
176% Jan
par
.100
Deo
16
29% Sep
Mar 26
27% Jan
10 V*
18% Jan
9% Mar 26
40
Jun
110% Jun
-15% Apr .16
18% Jan 22
par
preferred
$6 1st cum
114
Jan
3
Dec
391
6% Apr
10% Feb
18% Feb
!
49 Va
*111
Alkali
7% preferred—
191
;
41
49%
*112
16% July
30% Sep
—5
May Department Stores
$3.75 preferred——No par
105
12%
*48
17
20
Masonite- Corp-...-.—No par
Master Elec Co
.,-1
No
38% May
108 %
Jan
Jan
24% Jun
20%
Corp
315
Aug
6
10% Jun 13
28
46%
24%
455
7
30 Va Jun
46
40
Dec
22
20%
*185
Oct
22»/.
21% Jan
19%
41%
19
Jun
.—1
Co
45%
191
Jan
143/4
18
19%
40%
14
22% Jan
109% Jun
45%
*185
Jun
.100
19 Va
40%
104
x263/4 Aug
13
: Jan
.100
■
L)
9
Jun
1
23% Aug 29
2
3
7% May
—No par
preferred
Martin
12,000
...
....
45%
191
40
Dec
Mar
14
;
25%
*185
Dec
Nov
48
Jan *
-24
par
35
25%
30
148
Feb
34 Va
12
110
Mar 28
425
—5
-
Marshall Field & Co
7,600
16% Feb
17'
...1
No
t
Maiacaibo Oil Exploration
Marine Midland Corp..
'
Market St Ry 6% prior pfd
1G.800
16
Bros
19
*34
22
135
60% Sep
39% Sep
106% Jan 24
..50
45%
*45
2
par
Sugar Co
Manhattan Shirt
2,600
729%
27
.
—No per
..10
Mandel
200
buu
■A 8%
110%
28
155
16
31% Jan
253/4 Apr
34% Sep 11
May 29
3
Jan
47% Jan
147
v
par
Copper
Manati
2,500
•
4%
29%
28
9%
4%
*1073/4
293/8
109
.100
No
Mahoning Coal RR Co
30%
9%
28% Jan
_10
Forbes.
&
preferred.
Magma
460
*15%
9Va-
6%
5,000
*29%
'
MacAndrews
600
20%
39%
*23
460
30
109
*107
20
*435
300
1
24
19%
460
34%
154%
59%
155
59%
39%
39%
109%
34%
154%
34%
*151
44
106% Mar
6
July
110%
Dee
'
..f
44
44
24 Va
*43%
24%
*111
23%
44%
24%
*43%
44%
*23%
24%
112%
*43%
44%
43%
43%
42%
42%
300
24
24%
24%
24%
*111
112%
112%
112%
39%
23%
*112%
24%
113%
1.500
200
112%
112%
112%
39%
39%
39%
39%
39%
39%
39%
39%
25%
39%
25%
25%
25%
24%
24%
25%
25'A
57
*24%
57
*56%
57%
57
57
57-
57%
58'
32%
32%
*104%
32%
106
*111
33%
*104%
33
106
18%
19
33%
*104%
33%
33%
33%
105
*1041/4
105%
*1041/4
19
*18%
*
18%
18%
*112
114
27%
*112
27%
1774
17%
106
103
*112
114
27%
18
106
103
18%
27%
17%
.18
18
18
108
*106
24%
24%
24%
72
72%
72
108
8%
27%
♦44
;
159%
15% ,•15%
3%
3%
49
'
16%
3%
49
*110
48%
'
112%
*111
108%
3%
49
16%
3%
15%
*
48%
48%
3%
3Va
:
49
*110 7/ 112%
*110
10%
10%
10%
10%
10%
•112%
114%
*113%
26%
26%
26%
-14%
13%
10%'
10%
113%
113%
26%
26%
14
14
13%
14'.
13%
35
1 35
50%
34%
50%
35%
50%
49%
29%
29%
<
29%
29%
34%
13%
r
35%
49%
29%
50
:
99%
100
100%
101 1
116
115
115;
*114
*114
115
*114
115
*114
*107%
108
*107% 108
'68%
68%
*42
68%
43%
99%
.
36
50%
52
30
30%
30
100
100%
101
116
114,
114
*112%
115
*114%" 115
30
43
37%
38
37%
*37%
*40
30%
30%
31
27%
28
28
41
41
40%
*15%
15%
15%
105%
*103%
*32%
33%
96
*94
113
*96
,
*59
17%
63
*59
17%
28%
40%
40%
40%
15%
15%
*103%
32%
32%
99
*112%
17%
*60
63
31%
28
105
32%
'
17%
17%
15%
98
*112
*111%. 113
31
.
105
34
*33
96
15%
105
,
37%
31%
28%
*96%
113
113,
17%
17%
63
•60
15%
105
32%
44%
38
38
38%
*96%
112%
17%
17%
99
112%
-
17%
(The)
1st preferred
St
'
7
'
30
115
;
38
10
.
'
'
'
•
50
12,200
500
240
38
*37%
38%
.
,,31
27%
-
2,400
2,000
!
16%
6,600
7 105%
32%
"97
*110
17
90
400
32%
100
97%
Of)
113'
,
13,700
17%
61%
*58
61%
*59%
61%
20%
21%
21
21%
20%,
21 Va
43%
44 Va
43%
44
140
1,200
,
40
16 Va
105
69%
44
12
75
Sep
12
37
25
27
31 Va Apr
24
45% May 17
24
Mar
160
3
Jan
Aug 20
46
2
13
113% Jan
5
111% Apr 24
11% Jun 23
Aug
July
7% Mar 26
105
18
52
13
29
19
31% Mar
8
5% Jan 22
16% Jun
18
16 Vu Jan
36
22
Jan
3
25'A Jan
111% Jan
33
2
■
Sep
Fee
Mar
-
Jan
Jan
Jan
19% Sep
74% Apr
111% May
8
102
Sep
13
116
Jun
28
July 26
119
Apr
2
106% July 26
113
Jun
11
107% Jan
70
Sep
13
47
Jun
113
-
-
*
114
Nov
Dec
Nov
112
Dec
v
9% Oct
111
Jan
Feb
5
79% Jan /2
114
Dee
Dec
113
6% Jan
49% Jun
119 % Jun
2
•
2%
46
107
93%
17%
2%
8%
4
22% Jan
3
108% May
Sep
Mar 13
114
7
Oct
58% May
19% Dec
36% Apr
5
Aug
144%
Apr
49% Sep
109% Jan
-No par
Dec
39
116% Jan
6
74% July 11
22% Jun 18
Mar 24
109
May- 4
109% May 21
$4-preferred series C—No par
Montgomery Ward & Co—No par
Morirel! (John) 9t
No par/
Morris A - Essex——50 ;
Certificates of deposit
Motor Products Corp__——No par
Motor Wheel Corp—
>—9
Dec
SV* July
28% July
23% Sep
27% Jan
108 %
*
Aug
107
12% Oct
1% Oct
V
Deo
39
38
Apr
1% Mar 27
>
55%
'
Dec
53
»:>
Deo
*
6
111
Oct
16 V*
Jan
Jan
Sep
Nov
Mar
.'■>
Dec
38%
Jan
107
-No par
$4.50 preferred ser A
Preferred series B_
8%
Sep
1
13
•
19% July
31% Apr
29
No par
10
Monsa nto Chemical Co
94
Jun
35! Jan
♦
No par
10
Monarch, Mach Tool—
13
.9% Mar
137
♦
—No par
1,300
44%
69V.
Oct
Dec
100
Jan
25% Aug 21
100
100
100
—1
100
-20
Jan
Jan
70
7% Jan 23
42% Mar 26
,
8
82
.
45% May 9
48% Sep 12
v
3
106% May 16
-
•
Corp
7
16% Aug
25
3
Jan
111
18% Sep
3
37
-No par
vtc
3,500
*112% 114
115
'
Deo
13%
•
Sep
Sep
8
103% July 27
45
Sep 13
33% Mar 10
/
,
B
Mission
Jan
54% Jan
'
P, & SS M A vtc—^No par
1
101'
Feb
'
14
106
3
14% MarlO
•
No par
7% preferred series A—
Mohawkr Carpet Mills.
;
29% V 29%
104%
Apr
10
Oct
Dec
55% July
28% Nov
28 Va Sep
12
Jan
35
-10
Mo-Kan-Texas RR
100%
97
103
Apr
32%
22
,
21% May
9
18
Aug 29
114
12% Mar 27
94
-5
-
600
51
Mar
19% Jun
3
98% Jan
—1
——1
50
18,200
40
99
17% Jan
—No par
20,000
41
113
100
2,000
.
108
24
series A—No par
l
31
32%
109% Jan
•
10
Co
'
27%
32%
Mfg.
;
.
31%
16%
Apr
6
Sep
5
13% Jan 25
104
-
——*JL00-
14%
14%
28%
105
12
35% ' 36%
31
15%
33% Sep
Jan
24
-18
par
1
51
•
28
*103%
8,000
-
26'A
*43
42
38
Mar
Minn-Honeywell. Regulator
4% conv pfd series B
4%% preferred series C
4% preferred• series DMinn Mollne Power Impl
$6.50 preferred
•_
■
'
'
10 Va
114%
*42%
43%
37%
47
Co—
Machine Co_:
Class
'
•
109 Ve ,109Va
37%
28
*105
114
110
108%:; 108%
70
69%
*37%
*37%
*27%
40
«
*43
38%
31%
40
69%
38
43%
38%
*37%
*30%
37%
*107%
69%
43%
*37%
*37%
*114%
108%
68%
102 7
'
10 Va
■
v
Minn
'
26
V,14'%;
35%
35
800
3,000
112%
111%
•113%
26% ;
-
49%
,
*107V«
'•10%'"
50%
-
111%
114%
100
115
108
,
69%
3 Va '?
107 % i 108%
'
*115
-
*111-. 112%
*
6
8%. cum 1st preferred100
Minneapolis & St Louis Ry—No par
-
,1,000
49%
*112% 114%
26%.
26%
10%
26%
110
.
*3%
*110
61% Mar
Midland Steel Products.
600
;
49%
*107%
2
Mid-Continent Petroleum
2,500
112%
114%
;
159
;
112%
108%
112%
112%
108%
144 %
*43%
i6 Va
*110
52
5
Metropolitan Edison 3.90% pfd-.lOO
Miami Copper.-5
9,300
4,500
16 V.
'
conv
Mesta
140
)
-
16%
3%
*107%
•111
5%
1,800
'
108%
.
<
65
16%
Feb
112%
Apr
14
Merch & Min Ttans Co——No par
28
158%
65 %
112%
112%
*111
Mengel Co
690
64 >':/
-
49
45
159%
-
•
10%
*29
•27%
-
-
/ *49%
28
-65
27
10
Melville Shoe Corp
8,200
.
8%
*44%
;
8
25% Sep
$5.50 pfd ser B w w——No par
,
108%
8%
*111
*112%
*25%
108%
9
*110
'
;
Feb
Sep
2
1
108%
159%
16%
3%
48
48%
24%
"
65
*
24%
8%
45%
159%
159%
65
16
47%
45
27%,
65%
,
38%
X47%
800
73%
*35%
108%
28
4*
*64
72%
38%
*48
8%
*3%
.
73%
*107%
112%
*107%
4s*
65%
16
.
27%
158%' 158%
159%
*64
65%
8%
27% *27%
45
45
159%
65%
27%
8%
24%
330
'
45
45
Mead Corp
$6 preferred
100
'
109%
25
19% Jan
.$4 preferred:
McQuay-Norris
•
72%
109
109
109
,
8%
18%
103 %
Jun
'
1,700
.3,800
108
*35%
48%
48
18
103
24%
75
McLellan
.5%. preferred-
28 Va
27
Jun
39 %
Oct
21
Jan
30% Jan
McKesson & Robbins Inc
Stores
115
29%
16
24% May 18
Aug 13
"
19% Jan
4
1
1,800
.
Sep
—No par
4.800
.
45
25
110 '
100
w w
Mclntyre Porcupine Mines
113,
*106
103%
preferred
700
45
38%
*35%
18%
conv
500
18%
28
108
103%
25
75
38%'
48
109
8%
27%
45
*158 f
74
48
109
24%
24%
*35%
8%
43%
71
48
*108
8%
27%
,
23%
39
47%
47%
108
.
*35%
*43
103% 103%
44
43%
5%
McGraw-Hill Pub Co
106
*111%
28
•
:
29
19% Jan
McCrory Stores Corp-ii—
McGraw Elec Co
33%
.
18%
113
18
*106
104
33%
27% Jan
—•
;
57%
,»
*104V4
18%
27%
106
43%
39
.27%
27%
33%
*112
106
43%
72
113
103
24%
%
27% .,27%
18
43%
*47
*112
*57
'
i
800
39%
24%
106
18%
106
43%
*35%
s114
19
103
106
*102
58
Corp
24%
*39
25%
.
McCall
;
Jun
23% July
6%
Dec
18% Dec
39% Jun
25
88%
Oct
OCt
117
Jan
119%
Sep
113
Aug
53% Not
9
41% Apr
35% Jan
42
Oct
32% Jan 23
44% Jun
21
21% Jan
35%
Dec
34% Aug 21
'
44% Jun
21
15% Jan
24% Jun
25 % Dec
47% Jan
41
22
26
Mar
May 17
21% Jan 20
32
23% Mar .27
28% May 17
16% Jan
31% Jan
41
•-!
——No par
Munsingwear Inc————No par
Murphy Co (G C)—--*No par
4%% preferred
u—
100
Murray Corp of America-—:—i.10
Myers (P E) & Bro—
No par
Mullins Mfg Co class B
Sep
16% Sep
6
9% Jan
Mueller: Brass .Co—-
6
8
26% Apr
4% Jan
Jun
16
72
Jan
20
Aug
70
May
110
Nov
106
97 Va Mar 27
$7 preferred—
6
14
X82% Feb .15
33% Sep
4
100% May 28
109% Jun
>
115
22
'Jan
•
.
Jan
4
13
Jan
5
19% Jun
20
8*% Jan
53
Jan
5
61
Aug 29
43% Jon
21
33% Dec
10%
100
Oqt
Oct
24% July
84
116%
Nov
Feb
14% Aug
53% Oct
N
-
20%
21%
20%
20%
21
20%
*41%-
43
43%
43%
443/a
293/s
29
293/s
29
29
28 3/4
28%
28%
283/8
273A
28%
23%.
23%
23%
23%
233/8
23%
233/a
23%
23
233/8
23
23%
16
-
42%
29%
16%
16
16%
16
16
16
16%
16 Va
163/a
15%
16%
19%
19%
193/s
19%
193/a
19%
19%
19%
-19%
■18%
19
*19%
>
*
29,400
,
26%
180 %
26%
26%
185
*23%
1—» 00 0 SS
27 Va
27%
185
273/4
*180%
28
185
23%
24
24,
24
24%
-
*180%
24
28%
185
243/4
,
28%
*180%
243/4
.44
283/4
185
25
23%
*180%
*243A
-
'
6,300
2,000
'
28%
11,800
16
16%
16 Va
163/a
16%
17
16 3/4
17
16'A
363/4
36 Va
36%
36%
36%
36%
36%
355/8
1,200
16%
36%
36
16%
15%
16%
16%
16%
16%
17
•16%
•15%
15%
15%
15%
15%
15%
15%
15%
15%
32%
32%
323/4
32%
323/4
32%
25
243/4
25
25
3,500
323/4
243/4
25'A
32%
323/4
32%
323/4
32
25
25%
25
25
24%
,■
433/4
44%
44
44 Va
44
443/a
44 Va
443/8
5,900
43
43
43%
43%
44
46
46%
46%
19%
19%
19%
19%
19
193/a
19
193/a
19
19%
13%
19%
1,900
12,300
104%
104%
105%
105
103%
103 Va
104
293A
30
29
29%
182
182
1573/4
155%
155%
17%
*155
29
183%
183%
17%
17%
*17%
29
29%
,
*154
17%
29%
*26 Va
17%
28%
103
36
11%
11%
11%
77%
77%
28 3/4
36
11%
11%
28%
36
*35%
77
77%
75%
'26%
.
26%
28%
*353/4
26%
26%
105
29
29
181
181
12%
105
293/4
*11%
103 Va
29%
12%
30
'*11%
;
•
>
"
'
-
140
8,200
1563/4
*154
173/4
173/4
156%
173/4
*181
184
154
154
17%
*17%
181
*152%
181
"
30
154
900
363/4
*35 Va
37%
12
11%
12 Va
81,000
National Power & Lt
76%
76
77%
76%
77%
76%
76%
'3,600
National Steel Corp
27
263/4
27%
X26 V2
26%
26%
3,000
400
263/4:
2,500
18%
18%
18%
18 Va
18%
30
30
30
29%
30
3,000
104
540
104
103 %' 104%
105%
*103%
1053/4
20%
20%
20
*11 Va
11%
11%
11%
11%
11%
11%
11%
193/4
203/4
20%
20%
20 Va
20%
20
20 3/4
*41
:
41%
-
20'
*85
90
*106%
*35
For
*105
108
*106%
36
35%
see
*41
*105
107
*105
*85
90
*85
90
>'*85
footnotes
41%
107 C
41%
107
108
*106%
35%
page
1299.
*353/4
41%
108
35%
37
Aug 31
34
Dec
9
17
Jan
24% Jan
No par
'
;_10
11% May
20
103
103%
104
103%
104%
*104
20%
*20
20%
11%
12,800
30
105%
41%
*106 %
36
41%
107
87%
108
36%
X20
1,000
20%
11%
11%
xl01% Aug 17
19%
19%
*41%
*105
*84%
*106%
*36
41%
107
87%
108
36%
*41
Nat Mall & Sti Cast Co
National Oil Products Co
107
85
85
36
36%
12
30% Feb
Neisner Bros Inc
4%%
conv
Newberry Co (J J).
—No par
New Jersey Pr & Lt Co 4% pfd-100
Newmont Mining Corp
10
Dec
14% July
Dec
19
Jan
164
Feb
25% Jun
181
Dec
Sep
13
163
May
7
141
Jan
159
Feb
5
30
Dec
16
Dec
22% July
29% Aug 31
17%
Apr
23
37% Jun
28
28%
18
Jun
14
5%
Apr
Feb
34
12 Va Sep
Apr
77% Sep
Feb
70
July
27 Va Jun
Jan
19% Jun
8
18
1
57%
22*/a Aug
11%
Feb
^7%
July
15
26% July. 26
92% Jan 15
97% Jan 17
10% Jai i
3
10% Jai
10
serial preferred—100
37
104%
5
Jan
Supply (The) Pa
—10
preferred
40
5%% prior conv preferred—100
6%
prior preferred
-100
Co
37% May
13
7% Jan
conv
Tea
Feb
87% Jan
20
Sep
Jan
9
Mar
May
65
National
National
Jun
26
;
Dec
24%, Dec
192
33
25
National Sugar Ref Co——No par
$2
108
Jan
2
21
No par
—1
1,200
25%
11%
28
5
16% Jan
No pai
108
19% Jan
13% Jan
26% Feb
12% Mar 14
Jan
—4
Natomas Co—
100
;
154
No par
Nehl Corp
/
XI1% Feb
Jan*
24
No par
6,700
200
41%
*105
*106%
;
14
23% Aug
14% Dec
177%
Jan
3,900
113/4
20%
5
Apr
Sep
13
x32% May 18
2
20% July 17
—No par
8% Jan
26
X10
Sep
16% Sep
4
—1
3
15% Mar 26
Jan 22
30
*
*105
Apr
6
12% Mar
—-100
100
Linen Service Corp—i—1
11%
20
17%
31% Apr
-
preferred A
preferred B
28%
17%
195/8
Dec
14
*35 Va
29
20
Dec
21
26
11%
18
104
181
Feb
19% Aug 29
283/4
29
*103%
Mar
18
46% Sep
36%
Dec
165
44% Jun
11%
24%
24
13
17% Jan 28
4
36
'
14
Sep
Jan
283/4
29
9% Jan
20% May
Apr
13
6%
13% July
15% Deo
25
2
National
Dec
Jan
9 5
192
22
1
Deo
19%
5
Jan
Jan
7%
Deo
Dec
20% Jan 23
2
13% Jan
182
Jan
115/a
273/4
28% Sep
41%
20 %
18
7
7
22% Jun 27
Mar 26
17% JUly
Jan
13% Jan
16% Sep
13% Jan-24
23%,
28
28
37
36
17%
V
>
Jun
.35%
28%
173/4
29
106
——
29
16% Mar 27
11% Apr
7
21
Nat En am & Stamning-
173/4
28%
18%
104
preferred!
•
Jun
29 % Sep
2
Nat Distillers Products-
100
283/4
*103%
6%
Jan
9% Mar 26
-1
«
54
20%
•
.No par
Products^
22% May
'
181
17%
102
.
106%
Nat Dairy
12%
283/4
18%
-29
104
*103%
>
*11%
105
28 3/4
181
No par
10
& Share Corp
Register
No par
-.No par
National Gypsum Co„——
-1
$4.50 conv preferred
No par
National Lead Co
—10
*11%
44 s/8
*105
Bond
National Dept Stores—.
43%
-
Nat
National Can Corp
Nat Cash
15% Jan 20
35% Jan 23
100
preferred
8,400
7,300
44%
12%
Aviation Corp
National Biscuit Co—
3,600
16%
43%
*11%
12%
Nat Automotive Fibres Inc
:—9
100
—I
—1,
—1
—5
-10
National Cylinder G is Co.
443/8
44%
—
National Container—
43%
*11%
Airlines
8,300
17
24%
12%
*43
Louis
'
15%
15%
12,900
St.
National
7%
25
16%
363/4
15%
National
&
Co
National- Acme
1,800
185
16 Va
16
Nashville Chatt
2,200
<
v
36%
*153/4
250
Nash-Kelvlnator Corp
•
.
103
Ff b
-
6
33% Mar 16
105
Jun 14
Dec
30 % Mar
79%
Feb
05
Dec
11
83%
Jan
98% JJiC
22% Mar
6
12% Feb 24
53/a
Jan
11% Nov
105
Jun
10
May 29
20"% Sep
x43
108% Mar 12
Mar
11% July
13% Jan
18% July
22
Jan
32%
96% Jan
*
105%
9
Jan
4
6
105% Jm
4
108% Apr 28
104
Aug 20
39% Feb 28
32
Jun
24% Nov
56
66
7%
85
Sep
27%
Deo
Oct
Jan
68
II-jv
Dee
106
Deo
Apr
35
Epa
"
RECORD
NEW YORK STOCK
Bitnrdm
•
I
f per shers
f per share
share
par
"
18
Sep. 12
f per share
27%
,
•109%
27%
29%
17%
18%
17%
112
*110
112
52%
52
25%
25%
25%
26%
50
50
24%
52
250
103%
*103%
103%
17%
45%
57%
*56%
11%
11%
*108%
111
111
26%
27
110%
44
52
11%-
*51%
52
*11%
11%
11%
*52
55
*13%
14
640
119
119%
121
80
26%
26%
263/4
26%
26%
*54%
55%
54%
54%
200
56'A
56'A
11%
*56%
57'A
*56%
57
100
11%
*108%
113/8
*1083/4
28%
27
28
27:'A
28%
111
111
*1103A
111%
130
44%
44
43%
1,900
/ 10
44
11
*51%
55
*51%
14
13%
14
13%
13%
14
II
29,100
v -
52
55
*52
55
*51
11%
11%
11%
11%
.11%
52
*51
52
*51
43
'
1,200
55
—
13%
900
Norwich Pbarmacal Co
200
Ohio
Apr
13
Jan
Jan
35 Va
Apr
50Va
Aug
26
75'A Jun 15
15 3/8
Jan
23%
Dec
19%
Jan
353/4
Dec
32% Jun
22
103% Jan
Jun
2
Jan
Mar 26
162
Mar 26
250
Jan
30 V2
Jan
443/4
Dec
5
Jan
198%
Jun
2~3~%
Dec
24 % Mar 14
14%
Jan
7
21
333/4
Jan
193 Va
Jan
218
Dec
2
116%
Jun
1223/4
Dec
19%
Dec
46
Sep
2
251
Jun
118
Aug 17
124
Mar
16
9% Jan
'14% July
9
1103/4 Jun
Jan
Jan
56
Oct
Jun
543/4
Dec
Jun
11%
7%
2
Oct
Dec
106
26
100
Jan
26
xl3%
Jan
22%
Dec
112
Apr
35% Jun
31
Jan
1153/4
28
17%
Jan
31%
52% Aug 17
37'A
Feb
50 Va
1
4'A
Jan
7
Jun
16
40 %
Jan
53
Oct
3
143/4 Jun
18
12% May
16
Jan
12
1113/4 Mar
7
109
Dec
July
47 Va Jun
11
11% Jun
2
6% Jan
55
Mar 17
12% Jan
107% Jan
3
116% Mar
6
26% Mar 27
100
23
July 31
59
20
105'A Jan
2.50
153/i
52
14
58% Feb
6
533/4 Jan
Sep
47%
51%
26% Sep
2
53% Jan
50
129
105% July 23
20
Apr
Dec
113/4
9
Jan
46
293/4
23
37% Jan
173A Jan
Jan
18 Va July
219
110
Jan
Sep
57
19% Jan
Dec
118
July
17
41
103% Aug 28
14% Aug 21
Dec
Dec
24%
8
25Va Jun
2
18%
109
62
16
39% Jan
148
23
28% Jan
Central Ry Co
V Northern Pacific Ry
T Northern States Pow $5 pfd_No par
Northwest Airlines
—No par
Northwestern Telegraph
50
Nor walk Tire & Rubber
No par
Preferred
50
Northern
111%
44%
53/4% preferred series
North American Aviation
10(800
111
27%
52
14
"
111
111%
44%
*52
11%
ll3/4
11%
*1083/4
111
32
10
50
50
1
50
100
North American Co
6% preferred series
13,400
55%
28
11%
13%
13%
249%
26%
110%
*51
55
*52
247
57%
11%
44%
44
52
248%
*54%
111
27%
28
110%
110%
111%
44%
3,000
54%.
*56%
11%
*108%
173/b
26%
26%
54%
57%
11%
17%
150
l033/4
300
119
*119
119%
1033/4
1033/4
44'%
119%
"*119
10
16'A
97
22
Jan
July
10
26
52% Aug 28
21% Jan
Co
100
6% preferred series A
100
N Y City Omnibus Corp
No par
New York Dock
No par
$5 non-cum preferred
No par
N Y & Harlem RR Co
—80
N Y Power & Light 3.90% pfd—100
N Y SLlpbldg Corp part stk——1
Noblitt-Sparks Industries
5
Norfolk & Western Ry—
100
Adjust 4% non-cum pfd
100
51
250
*44
245
26%
55
*54%
*50
*240
17%
244
119
-25%
—
45%
241%
119
26%
55 %
24%
17%
46
250
*22%
•
45%
17%
45 %
250
120
1033/4
17%
240
343/8
51
*232%
46%
239
.
34-%
New York Central
N Y Chic & St. Louis
68,000
3,000
3,300
500
250
*50
*50
*240
52
17%
46%
•45%
240
44%
*22%
*45%
18
18
18
27
24%
250
103%
103%
103%
104
*110%
128
*22%
*48
*108%
J28
*333/4
1283/4
343/s
128%
128%
*240
*56%
11%
127%
24%
52
*54%
53
34%
260
26%
263A
52
34%
*43
*117%
26%
53
*22%
*235
45%
26%
50%
34%
52
240
25%
50%
24%
245
17
26%
50
34%
*48
103%
26
,r
22
29% Sep
Mar 22
45
9 per share
19% Jun
9
Jan
109
Highest
I per share
110% July 18
25
Xl6% Aug 14
No par
No par
No par
New York Air Brake
800
52
50
50
128
245
%
52
52
9 per share
183% Jan
3
Dock—1
:
preferred
$5 conv
52%
*22%
24%
52
Newport Industries
Newport News Bhip & Dry
112
52%
128%
*34%
34%
35
35
•22%
51
128
128%
128%
*110
26%
25%
129
50%
112
52%
*51
52%
17%
1944
Lowest
Hlghetft
9 per share
Fflf
5,800
3,100
28%
37%
*110
112
*110
28
17%
173/4
Year
1
Lowest
Share»
9 per than
29
*28%
18
the Week
Sep. 14
Range Since January
STOCK
EXCHANGE
NEW YORK
Sales for
Friday
9 per shark
29%
17%
112
*110
52%
29
29%
17%
28%
18
*27 %
Thursday
Sep. 13
Sep. 11
Sep. 10
Sep. 8
Range for Previous
STOCKS
AND HIGH BALK PRICKS
Wednesday
l"esday
LOW
Monday
Monday, September 17, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
4296
Dec
Dec
July
O
•108%
109%
*108'A
109%
*108%
109%
*108%
17%
17%
17%
17%
17%
17%
28%
109%
28%
109%
14%
14%
17%
28%
28%
109
109
108%
14%
14%
*14%
21
21%
30%
30%
30%
*77%
80
116%
20%
21%
30%
30%
30
30%
*157
158
158
160%
23%
23%
24%
*115%
21%
30%
*158
161
*23%
25%
*24%
*24%
80
80
80
68
66%
68
14%
15
14%
14%
*14%
15
•
*63
64
63
63%
28
*27'A
28
27%
28
40
53%
7%
60
60 %
59%
137%
*1703/4
172
135%
136%
60%
136%
171'/e
171
171
171
171
*21%
22
12
33%
41% :■ 41%
/
33
32%
;
V-r
24%
•
24%
9%
123%
33%
33%
13
.-•12%
X::v
;
.
'
24%
;*22%
i
114
*110
*36
37%
•86%
87
♦17
18 "A
27'A
*107%
108%
8%
*17
28
108%
*107%
8%
83/4
83/4
28%
*118
.
13%
38%
70 3/4
71%
•107%
108 >/»
*20 3/4
21%
•115
47%
*19
313/4
*106
313/4,;,106%
*119
126
6%
•72
*8%
*94
*18%
6 %
j,
8%
*12%
♦107
63%
*82%
♦30
*196
16%
*97
20%
*27%
19
21%
207
.
38%
*20%
118
'70%
70
*115
107%
-
120
"
47%
48
20
19%
19%
32
31%
32
106
126
106
v
6'/a
74%
9
*119
6%
*71
8%
31%
123/8
28%
*118
*27%
14%
14
14%
38
37%
38
73
;
73%
*1073/4
109%
*1073A
22%
*20-%
473A
483/s
*19
*31%
32
20
1?
*115
48%
300
120
7,700
48%
*10
•31%
32
*119
126
*119
126
*119
1,100
'V 60
9
95
19%
*195
*71%
9%
*93
19%
63/8
73%
72%
9%
9%
8%
12%
*199%
8%
12
Pitts
93/4
95
20
19%
95
193/4
*195
*199%
207
83/4
12%
Pitts Ft Wayne &
*195
207
8%
12%
8%
*199%
8%
7%
207
120
*107
120
64
63
63
preferred
120
63%
62%
63%
83%
31%
84
*82%
31%
•196
205
163/4
/
100
20%
28
19%
213/4
65
24
107 Va
31%
205
17 Va
16%
*97
100
*107
120
63
64
*83%
31
*97
64%
84
31%
31%
100
20%
20%
28
28
28
17%
*97
20%
*28
17%
84%
84%
84%
100
313/4
"30%
313/4
500
163/s
24,300
__
17
17 Vs
20%
19%
18%
18%
19
19
21%
22 Ve
22
23
23
23%
99
9934
20%
20%
3,200
29
39
29
-
18%
18%
22%
23
63%
633/4
3,300
18%
19
23
233/8--
''98
23 3/8
24
23%
106 Ve
108
106%
64%
23%
107
63%
64
23%
23 3A
106%
/
23
63%
23 3/a
22%
23%
106%
."
1153/4
114 >/4
115%
115
115
115
116
114
114%
115
120%
120%
120%
120
120%
119%
120%
120%
120 %
120 Va
134
134
134%
1343/4
133%
134
133%
134
134
134
134
footnote
see
page
1299.
500
"...
200
560
Jan
Sep
45% Mar
5
334 jun 20
1
34% Sep
27% Feb
8
10% Jun 25
21
24'A Mar 12
Jan
59
&
15%
8 Va Aug
14
Jun
20
Co Inc
2d preferred
Gamble
Mar
16
Dec
21%
Jan
32
Dec
19
55
Jan
70 %
Dec
Dec
Dec
Jun
28
5%
Jan
173/4
23% Jun
18
22 Va
Dec
26 Ve
10 V*
Jan
19%
Dec
54%
Jan
96
Dec
Jan
65 %
Dec
88
Jan
6
14 s/8 Jan
23
29
July 27
2
Sep
433/8 Jun
19'A Jan
10
18
333A
117% Jun 11
19
116% Jun
233/8 Mar
25
28 Va July
Oct
Sep
107%: NOV
63
Jan
2
26
\ Apr
6
30
May 29
105%
106% Jan
5
108
Mar 22
7
Jan
' 2
93/4 Feb
11% July 20
2
20
24"% May
5
1
3
25
Jan
23
57
Jan
25
683A July
106% Jan
2
21 Va Jan
2
27
Jan
2
28% Apr
117
122
Aug 22
16
12% Aug 21
313/4 Mar 27
40
58% July 24
74
1U7% Sep 11
113
14% Jan
111
Mar 29
2
11
Jan
Jan
19
July 17
May 7
Sep 13
Apr
6
8
Mar
Mar
6
27
32
July 10
108% Feb
•
8% Jan
94
Mar
7
5
96 Va Aug
20
Mar 10
49% Mar 27
68
Feb
20
21
Jan
2
198
Jun
9
May
205% July
9'
Feb
19
12% Sep
10
9
105
May 28
693A Jun 26
Jun
26
433A Jun
6
Jun
9
11
91
198
12% Jan
19
17% Sep
74% Jan
27
99
17% Jan
24% Jan
2
253/s Apr
No par
3
29
12% Jan
8
20 Ve Sep
1
50
16% Jan
22
23 Va Sep
7
12
Jan
22
66 Va Aug
31
No par
No par
No par
100
100
100
; 50%
55
Mar 27
17
Jan
2
102% Feb
16
106% Jan
30
Jan
4
110
121% Jan
3
40% Apr
20 Va
Feb
49%
Jun
88Va
Jan
19
May
2j33/4 May
ll)7
Apr
24%
Jan
11%
Feb
Jan
x98
42%
9
Sep
Apr
Feb
105 Va Nov
23%
"5
Jan
61
Jan
Apr
7 Va
Aug 28
30
Sep 14
65
Sep / 8
26
Jun
109 Va May
xll7
Jun
123% May
138 Va May
21
68 3/4
Feb
11%
Jan
364%
15
99
1
19
31
2
2
10% Feb
153/4 Jan
Jan
28
118% Aug 2ft
85% Jan
190
8
21 % Aug
55
2
105% July 26
118% Aug 20
5% Aug 21
68
Aug 21
8% Mar 26
16
Apr
120
23
25
July 10
Sep 12
213A Jun
20
44% Jan
100
No par
1
100
100
114 %
9% Jan
28
29% Mar
25
Jan
29
393/8 Apr
18
9% Jan
Dec
333/4
Jan
19 % Aug
183/4
112
25"% Mar
40
t
X70% Nov
18
40% May 29
Apr
8
Aug
26% Mar 19
33%. Aug 21
37 % Mar 28
-1
Feb
37 Va
-
5
110% Mar
113
92 V2 Jan
Dec
17 3/8 July
Jan
5
21
Dec
Nov
24%
Jan
3
69
Dec
59%
113
Apr
2%
Jan
30% Jan
Apr
933A Feb
Jun
8 3/a July
203/4
13%
July
.May
19
Apr
51%
"
,9ya
91
tMar 26
112
Jan
2
2
Jan
4
62
23 %
23
38 Va
Dec
31 Va Aug
Feb
173/s Jun
10
213/8 Jan
11% Aug 23
Dec
-
14
130% Sep
9
2 Va
Apr
4%
May 28
72
" 5
Mar
106
Dec
-
37% July
18%
28
63A Mar
30
'
26%
12
5
IVa Apr
.
L_No par
class B
preferred
6%
preferied
7 %
preferred
8%
preferred
$5
;
233/a
27
18 % Aug
—1
1
-25
50
Dec
July
323A Jan 22
.2%Jan 24
*•
5
Pub Serv Corp of N J
970
120%
conv
Procter
11,100
106 Vh
1153/4
134
5%
200
107 %
106%
& Co
-
6
Sep
21% Jan !
1
—100
Pocahontas
Pressed Steel Car
27,500
—
63
Poor
2,800
Creek
-Aug 3,1
July
~5%
July 26
353/eSep 12
4
Pond
Jan
61
2
(The)
Feb
2%
109'
8% Jan
Plymouth Oil Co
300
~83A
Jan
6% Jan
Co.
6% Aug
19 Va
Jan
No par
Preferred
Jan
45
No par
1% preferred class B
100
5% preferred class A_
100
5%% 1st ser conv pr pfd
100
Pittsburgh <fe West Va
100
Pitts Young & Ash pfd
100
Pittston
270
20%
66
65
64 %
16%
20%
*28 %
29
'
!'196
99
100
19
r66
800
*30%
*196
*196
17%
633/8
'
84%
83%
31
20%
20%
*27%
63%
*107
120
84
♦196
16%
*107
3%
Dec
17%
Feb
'
29'A Feb
Pittsburgh Steel Co
3,800
12
Chic Ry
Pitts Screw & Bolt
15,800
8%
12
12%
preferred
30
Sep
T% July
103
—
Pittsburgh Forglngs Co
123A
7
110
--3
25
preferred
—No par
C C & St Louis RR
100
$5 conv
50
163
73/4 Aug 31
16
preferred
100
Pitts Coke & Chemical Co—No par
1,400
Dec
Jan,
"
17
6%
5,400
123 Va
6
Jan
'
Pittsburgh Coal of Pa
93A /
Dec
Apr
1*7
75
-
400
19%
42 3/4
2*7% Mar 26
600
95%
Dec
Jan
43/a Jan
173/4 Mar
108
Sep .14
•
56
6%
9%
Dec
48
Aug 17
103% Jan
72%
19%
Dec
35 Va
Jan
149
34'A July
'
6 %
95%
25%
Jan
7% Aug 28 ;
31
Jan
117%
23
28 Va Jun
.
4% Mar 20
*
95
*195
207
107
72'A
*
10
2
13% Jan
"
♦107
115
65
Fir
$4
8
29% Apr 26
Hosiery
Inc
3
175
'
No par
700
Iron
3
22% Mar
Apr
25 Va
2
61
Sep 10
136% Sep 12
Jun
Sep
13
48%
17% Jan
53% July
5 % Jan
<
*6%
72%
3
14%
Jan
393A
26
Jan
Mar
Sep
30
3
42% Jun
16% Mar 26
Corp
Pillsbury Mills
126
74
Read Coal &
&
Phcenix
100
20
126
6%
32% Apr
2
.
———3
Philip Morris & Co Ltd-—
--5
4% preferred
;
100
Phillips Jones Corp
No par
1% preferred
4—•»
100
Phillips Petroleum
No par
Hhilco
4,900
1063/4
*6%
24
,
24 Va Aug
157
Sep
8 Va
39
July 11
67
9
Jan
~
par
No par
preference com
preferred
Phila
22%
20
153/4 May 21
15% Mar 17
16% Jan " 3
No
com
4#
3,000
109%
*20%
48%
2
20
'
100
8
America
& Co Inc^
(Chas)
Electric Co.
$1
19,800
'
74
73%
108%
22%
120
3
6
100
—100
preferred—
30
119%
*115
693A Apr
160% Jan
33%c
2nd preferred
$6
2,200
373/4
•
2
38% Mar 27
100
No par
Phila
150
9,800
28
13%
120
Jan
,100
Co—
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
550
118
*106%
6%
Ry
preferred
Pfizer
21,100
26%
118
74
'
111
1063A
19%
8%
26%
*106%
95
12
12
111
106%
19V8
*199'A
47%
*18%
283/a
28%
*106%
95
8%
12%
♦115
' *
/ *
lOVs
*10
—5
100
Pfeiffer Brewing Co
4,900
66
106%
19%
207
71
108%
*20%
22
47%
106
26%
27
27
27%
653A
112
-
'
120
*193 %
*111
.118
14%
83/s
12 Ve
83/e
65
107%
13%
38%
*193%
r65
23%
14%
38%
118
95
;
*193%
*199%
13%
8%
9
95
193/4
28%
38
111%
107%
*72
75
111%
118
21%
*119
6%
*65%
66%
119%
14%
108 %
*19
20 %
28%
28%
70%
47 y8
47%
28%
'
Jun
150
*
28'A
38%
713/4
*115
120
23%
Eastern
Petroleum Corp of
-2,000
11
23
28
*20%
,
;
11
23
h
*1073/4
V
11
26%
28
1,000
11
28%
64
Jan
121% Jan
100
Milk Co
4%%
10
83/4
&
5%
Pet
600
107%
22%
65%
66
200
200
,
83/4
■
66
Feb
14
.——No par
Inc
Pepsi-Cola Co
Pere Marquette Ry Co
5% prior preferred
2,900
,
107%
10%
26%
28
28'A
23
28
55%
Sep
Davis & Co__
Peoria
134,800
89
22%
111%
26%
26'A
14%
,
200
.
108
10%
27%
111%
28%
*27%.
108 3/8
8%
112
-1,000
400
27%
*86
28%
Dec
82
48
preferred
preferred
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc.
Peoples G L & Coke (Chic)
500
*106
89%
*27%
28
V;;
283/e
106
89
88%
*107%
273/4
38%
106
108
8%
27%
119 %
273/4
108 %
27%
65 Va
14 Va
27%
*107%
23
38%
27
27%
11
*118
28%
28%
22%
V
27 s/8
27%
11
28 V8
28%
*86
27 Va
r.
28%
*104
11
28
18
28%
87
'
conv
5%
16,000
■
18
18
8%
26%
38%
*86%
87
18
88
22%
263/4
.
,
18
108
103/4
26%
%;
38
87
22%
112
<100
250
87
18
65%
500
114
*109
39
383A
7~5~%
Airlines Corp.—-—1
Penn Coal & Coke Corp
■*;—10
Penn-Dixie Cement—
N# par
$7 conv pref ser A
No par
Penn Glass Sand Corp
No par
1,200
24%
*22y2
114 V
*109
,
38%
*85
103/4
111
24%
Jan
Penn-Central
3,600
-
37%
88
66
■1,500
7,800
,
38%
22%
111
85
37%
22%
65 Va
85
38 %
10 3/4
*643/4
V
7%
;.
39%
*104
9
i'7%
13
7%
36%
108
108%
V
:
383/4
27%
*8%
;
32/
36%
27%
*107%
;
130%
31%'
38%
27
8%
100
,
37%
27
*27%
12,200
13
129%
2,900
•
••-'/ 71
*69
38%
28%
89%
29'A
1 '
I
9
203/4
37%
87
87
.
.
85
64
Dec
14%
Jan
6
7
34% Jan
No par
Parker Rust Proof Co—
—2.50
Parmelee Transportation
No par
Patino Mines & Enterprises^
^10
Penick & Ford—
No par
Penney (J C) Co—
No par
2,500
38%
27%
29
.
6,400
'
37%
38%
*37
29
89%
'
24%
13%%
*23%
24%
38%
38%
■; 38%
27%
■
'
343/4
83A
73/4
85
85
114
*110
*16%
-
1,700
1
'
112
112
13%
7%
*22%
18
'
•27%
24%
:•
28 Va Jun
83/4
Feb
1
Parke
17,800
«■
20 3/8
32%
May
45 % Mar
100
—-———;
5,200
'
40%
93/8
313/4
13%
*82%
.
*104
89%
*89
353/8
24%
130
129
147
24
——100
Paramount Pictures Inc
—1
Park & Tilford Inc_—
1
Park Utah Consolidated Mines—1
i%
*
7%
7%
86%
87
/
Paraffine Cos
40
34% i
'
71
Apr
7
22
13% Jan
a
Line.—No par
Panhandle Prod. <fc R«f.
700
•
j
'.23/4
21%
«
*69
'
32%
13%
13%
7%
*16%
106
106
32%
.
9%
203/4
129
127 %
32%
*86%
27%
27 %
70
24%
37%
.
70
f:
125%
13
39%
37%
73%
108
"
21%
'
24%
•110
114
37% ; 38%
9%'
8%
125%
,
.
21
preferred
4%
800
11,600
•
2%
24%
,V 32%
"
*38%
73%
:
34%
24%
*83%
39%
26%
343/8
8%
8%
8::
*38%
Panhandle East Pipe
■
85
37%
-
107
393A
25
18
164 Va Jun
11% Jan
Petrol ti Transp—
Pan-Amer
4,000
7% r 73/4
343A
23/4
34%
70%
37%
107
'
24%
*69
*22%
2%
6
26
58
2%
American Airways Corp
Pan
100
32
■
'
2%' '
2%
20%
-
31%
41
40%
'
Sep
Jan
22% Jan 30
—No par
Packard Motor Car—;
52,300
45,900
,
15
*14%
:
35
343/4
Jun
31
74
—1
-10
Pacific Western Oil Corp—
200
•
;
19
♦IO73/4
33%
20
10,100
July 31
23
*
74
24%.
24%
8%
73/8
183/4
108
33%
19%
85
,
733A
41%
41
24%
7%
>
86%
"
preferred
6%
99 % Aug
118
155
100
100
Pacific Tin ConBOl'd Corp—
'
35%"
34%
'
33
213/4
;-7%
"3
Oct
II3/4 July
108
Dec
2
No par
Telep & Teleg-
108%
Apr
8%
5
16 3/4 Mar
4
Co
Mills
Pacific
'
2%
%:
*21%
.
i
8%
'■
7%
♦1073/4
109% r
8%
107%
7%
74
*72
41
33Ve-
.
24%
•'J-8 *7.
8
'■} *84
172
540
12,100
'
'
70%
123% 123%
< 32%
33%
*12%' 13 V
,
136%
15
*r
32%/-
*107
7%*"
*107
'
2%
V
31%
•
107%;
7%
34%
40
-
*69 r :
70%
123%
v:
33%
8%
V
fV:
19%
19%
*69
Pacific
f
"
109%;
"
2%
2% *
32%
•
•
.:
600
;
7%
183/4
*143/4
15%
32
■
74%
73%
*107%
19%
'
*8%
41
*40%
•
2%'
7%;
7%
33%
34
213/4
73/e
18%
14%
107%
'
107%
xl07%
75 f •
109%'
>
♦
15%
"
hi *2%
583A
■'
8%
*21%
19
31%
*14%
x31%
109%
*74
74%
18%
7%
7'A
83/B
7%
7%
18%
15%
;. 107% 108 ;r
111 -7-
33%
58 3/4
„
•*
7%
18%'
32%
32
21%
V 7% •
■
19
*14%
8%
*21%
22
*21%
-
7%
7%
'•
8%
8%
8%
9
7%
'
*59%
134%
.8%
'.v
-
600
Xl35%
59%
*136%
53%
29'/a
40%
39%
Oct
Dec
105
113% Mar 14
20 Va Mar
22
Co——12.50
53%
110
64%
64'A
"29
Coast
Pacific
28%
Jan
Fisheries Inc
Pacific Amer
Sep
13% Jan
B
10
1st preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Gas & Electric——1
25
Pacific Lighting Corp..
No par
*143/8
53%
61
135
Glass
*170
53%
15%
74%
-
29%
40 3/8
53%
32
•109%
64%
29%
53%
18%
108
64
40%
53%
:
21%
7%
65
53%
18% "■'< 19
*107%
1,070
Owens-Illinois
Nov
153%
233% Nov
8
23% Jan
107
No par
Co
Outlet
20
5,500
2
2.50
Mfg
Outboard Marine &
700
15
53%
:
7%
32
15
40%
*170%
21%
'V 15%
15
14%
15%
40%
134%
9
8%
693/4
40
60
171%
*170%
82
68%
40%
•
133
.132
82
693/a
29%
40%
61%
*60
82
*53
53%
500
"3
11% Jan
par
100
preferred.
6%
50
253/4
*80
40
40%
160%
25
25
No
Otis Elevator
9,100
*157
160%
15
29
3,300
*24%
14%
*64
14 %
65
14%
*157
15
15
*27
30%
15%
14%
*63
21%
30%
68%
*14%
.
21%
30%
68%
14%
*13%
430
115
115
21%
24
106 3/b Jan
convertible preferred—100
Omnibus Corp (The)
--6
8% conv preferred A
100
'Oppenheim Collins
10
4%%
3,200
30>/e
82
67
14%
67
115
Oliver Corp.
660
14
213/a
160%
25%
*80
67
*77%
67
X115
115%
133/4
14%
7,000
28%
24% Jan
104 */a
20% Feb 28
30% May
16% Aug 20
No par
No par
Ohio Oil Co
1083/4
108
pfd
Edison Co 4.40%
19,800
173/a
27 Vs
28%
Xl4
109
173/4
109%
14%
14
14%
283/4
109
110
109%
21
21%
21%
'I
17%
28%
28%
28%
110
115
115
115
115
115
*158
173/s
O CO tr-
109%
17%
28'A
*108%
109%
Jan
183
Apr
43/4
Jan
6 3A
Apr
82
45
Sep
Sep
57% May
11%
175
8%
69
Jan
Nov
Jan
May
16%
Sep
19%
Jan
8%
Apr
11%
Apr
71*
Dec
26%
Dec
59"%
Dec
108%
Dec
21%
Jan
26 3/a
Oct
119%
Oct
37"
July
16 Va
July
Nov
117
48% July
14 % July
28
108
8%
Dec
10 3/a
Nov
90
Nov
17,
Mar
Aug
67a July
9% July
100%
Dec
613/8
Jan
73
175
Jan
Jan
Jan
9
104%
Jan
3
113%
Jan
Nov
14%
Oct
83%
Nov
19 % July
25
May
13 y8
Dec
18 Va
Dec
59
13%
Dec
22% Aug
52% May
96
Dec
171
190
35 Va May
87 Va
Dec
96%
55«/8
2
14
July
Dec
Dec
July
18 3/8
Dec
18%
Dec
109%
Oct
113% Nov
122 %
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND HIGH SALS PRICES
Monday
Saturday
t per share
114%
Tuesday
.
Sep.11
Sep. 10
Sep. S
•
«
per share
S per
•113
t
114%
59%
58%
59
58%
19%
18%
19
18%
19
19
19%
111%
•111ft
111%
♦111ft
111%
♦111ft 111%
108%
108%
19
■J
v
s>er
Sep. 14
i
18%
'lllft
Shares
113% 113%
58%
NEW TORK
19
:
■nu A
Pure Oil
108% '
♦108%
109%
108%
108%
♦108%
26%
26%
26%
26%
26%
26%
26%
*16%
16%
16%
16%
16%
17
17
17
16%
17
*16%
17%
15%
16%
16
16%.
15%
16%
15%
16%
15%
16
15%
15%
56,000
*85%
86%
86
86
10%
*10%
10%
10%!
900
31.500
108%
26%
300
conv
17
100
preferred.
118
13
24
106
May
119% Peb
5
37%
Jan
7
14%
Sep
52% July
18
Mar
9
109%
Jan
115y« Nov
5
■
115% Apr
109% July
4
I per share
113% Nov
20
59% Sep
21
Mar
22
Jan
Jan
I per share
103
Quaker State OH Ref Corp.
Jan
108%
Dec
par
23% Jan
3
27
Feb
8
19%
Jan
24%
Oct
.11
-No
Corp
9 per share
110% July 17
.100
Purity Bakeries
2.500
27
preferred
5%
900
110
Jib par
(The;
6%
26'A
113% Sep
47% Jan
No par
.No par
111%
26%
110
pfd $5
Pullman lnc____
Year 1944
Lowest
Highest
f per share
Par
Pub Ser EI <fc Gas
8,100.
26 %
•108'a
Range Since January 1
Lowest
YY-Y:,YY'
18.300
111%
Range for
STOCK
EXCHANGE
,
140
58%
18%
ISya-
STOCKS
Sales for
the Week
t per share
share
113% 113%
58% - 59%
59%.
59
•111ft
Sep. 13
share
58%
59
»;Y'Frtday'Y'Y;
Thursday
Sep. 12'
• per share
114%
♦114
114%
Wednesday
;
.
RECORD
•
15% Jan
22
18
Feb
16
12%
Jan
16% Aug
R
"85
85%
85
85%
85%
85%
85%
10%
10%
10%
10%
10%
10%
10%
103%
103%
103
103%
103%
103%
*104%
105
105
105
105
105
*104%
*37%
38
38
38
38%
39
39%
*20%
20%
20%
20%
20%
20%
20%
•37%
37%
*37%
37%
37%
37%
36%
36%
23%
24
22%
22%
*45
46%
44%
*42%
23%
*36
36%
24%
24%
46%
*45
46%
*45
46%
*42%
44
*42%
44
*45
*42%
22%
126
76%
*22
22%
22%
22%
*21%
*125
77
*22%
22%
80%
78%
81
23
23
23
24%
24%
24
25%
33
29%
22
22
*32%
33%
33%
32%
30
30%
29%
30%
*26%
*100%
101%
100%
22%
22%
10V*
25%
108%
19%
24
10%
26%
10%
25%
10%
26%
10%
26%
*110%
111%
111%
111%
20'A
19%
106%
25%
*106%
107
24%
25
*32%
26%
110%
106%
107
24
108% 108%
108
20%
108
19%
106%
24%
*108
10%
10%
19%
19'A
19
19%
37%
37
37%
37%
37%
39%
21%
39%
40
40
21%
21%
21%
21%
21%
21%
12
12%
12
12
12%
12%
23%
*23
*23
23%
24
*108
12%
*23
12%
23%
24%
7
7
6%
6%
*39
6%
19
38%
40
40
40%
40%
40%
210
22%
22%
22%
21%
22%
8,500
11%
12
11%
12
4,100
24%
24%
6%
*6%
7
28%
28%
29
28
41
40%
40%
40%
21%
21
21%
21
21%
21%
44%
11%
46%
46%
*107%
54
54
23%
8%
*8
130%
133%
22%
22%
113
*112%
8
8
22%
23%
*111%
12
54%
»
—
54%
54 %
54
111%
♦111
133%
133%
133%
22%
22%
113
*112%
8%
8%
47
111%
8%
8
12%
*107%
*112
23%
8%
23
23
12%
47%
108%
22%
113
8%
12%
23%
8%
134
133%
22%
113
22%
*113
8%
*8
21%
6,100
800
46
3.000
St
23%
8,800
220
Safeway Stores
5% preferred
Savage Arms Corp..—
Schenley Distillers Corp
12%
50
17,000
51%
12
49%
108%
13,400
109
*107%
54
54%
56
*111
"140
*112
'
23%
23%
23%
23%
23%
8%
8%
8%
8%
1,600
134%
8%
112
113%
Sears
Sharon
23
22%
23%
23%
23%
23%
23%
X22%
89%
91
90%
90%
90%
91
91%
91%
91%
91%
430
18%
*77%
18%
18%
77%
18%
77%
17.200
79
18%
18%
19
18%
*60
18%
18%
18%
18%
18%
18%
*76%
79
*77%
79
16%
17
17%
17%
18
17%
18
62
62
62%
62%
26%
26%
26%
79
|
26%
79
*76%
27
*6%
7%
6%
6%
6%
40%
40%
41%
41%
40%
36%
36%
37
37
16%
16%
16%
16%
16%
48
47%
47%
47%
*47%
*37
62%
63
27
26%
6%
6%
41
41
38
18
63
63
26%
26%
7%
*62%
63
110
26%
*37%
38%
*36%
16%
16%
16%
16%
16%
16
16%
47%
47
47%
45%
46%
45%
45
2,000
17
3,900
33
200
38
*36%
16%
16%
16%
16%
16%
16%
16%
16%
17%
16%
*23
23%
*23%
23%
*23%
23%
*23 %
23%
*23%
23%
23% ,23%
66
♦65%
66
65
66
66%
67%
66
68
67
35
35
35
35
35
35
34%
35
35
35
15%
16
16
16%
16
16%
15%
16%
15%
16%
4%
4%
4%
4%
22%
22%
*46%
46%
177
177
22%
22
46
46
*177
182
4%
22%
45'A
*177
22
22%
45%
45%
182
♦177
4%
4%
22%
32%
32%
32%
32%
32%
32%
32%
33
*21%
21%
21%
21%
21%
21%
21%
21%
45%
46%
46%
47%
48%
47
48%
47%
48%
44%
45%
45%
45 %
45%
46%
46%
46%
75
75%
75%
76%
76
76
75%
76
75
*88
90
17%
17%
8%
8%
*14
14%
*85
90
90
♦88
17%
17
8%
8%
*88
90
17
*89
17
17%
8%
5.900
8%
8%
12,700
♦13%
14%
500
8%
8%
14
14
14%
14%
14%
*86
90
90
90
*86
95
95
95
20
*38
39
39
39
1,000
14%
8%
8%
17%
39%
39%
40
40
39
39
38%
38%
30%
30%
30%
31
30%
31%
31%
32%
32%
75
75
75
74
74
*72%
74%
73%
♦73
Y
33%
73%
32%
33%
72%
73
12,900
500
16%
17%
17
17%
17%
17%
17
17%
16%
16%
12.400
89%
17%
16%
*89%
89%
89%
89%
90
90
89%
89%
89%
89%
350
47%
47%
47%
*118%
47%
47%
900
*77%
*110
39%
*112%
7%
*89%
79%
110%
40
114%
8
90
47%
*118
*118
v
*77%
110
79%
110%
39%
♦112%
7%
*89%
39%
114
7%
90%
*76
109%
*47
47%
121%
78%
*76
109%
110%
39%
40
40
*112%
114
*113
7%
89%
47%
*118%
7%
7%
90%
90
105%
78%
77%
109%
105
105%
41
40%
41%
41
41%
37%
37%
37%
38
37%
38%
5%
Mobile
&
62%
62%
61%
62%
62
62%
62%
62%
62%
21
,
21%
21%
22%
22%
23%
23%
23%
23%
16%
*38%
39%
16%
39
39%
16%
16%
39
39
40%
40
102%
102%
*105
16%
16%
38%
38%
40%
*102
40%
103
'
16%
*38
40%
16%
18% Sep
102%
89%
21
20%
21%
21%
21%
21%
21%
20%
20%
20%
21
20%
21
21
21%
*20%
20%
*20%
20%
20%
20%
20%
15%
15%
15%
16%
16
16%
15%
16%
28%
29
;
27%
28%
63%
63%
*123%
125%
27%
28%
64
64
♦123%
125%
27%
65
*123%
287/a
65
125%
20%
64%
64%
123%
123%
15% Oct
61%
Dec
20%
Sep
May
28%
Apr
7%
Dec
5%
28% May
2
2
2
19% Mar
29% July 27
13% Jan
2
155
5% Feb
179
23%
Jan
52% Jun
20
Jan
22
81% Jun 26
40%
Jan
69
tr ctfs
100
80% Jan
5
89% Aug 29
54
Jan
1
11% Jan
24
17% Sep
12
Nov
82% Dec
13% Dec
stk
Spalding (A G) & Bros Inc
Sparks Wlthington——No
Spear 81 Co—
——,—
$5.51 preferredNo
Spencer Kellogg & Sons
No
Sperry Corp (The)
Splcer Mfg Co
No
Spiegel Inc
—.
Conv $4.50 preferred
No
9
6% Mar 27
par
7% Jan
1
par
,80
par
32
Feb
95
Mar 27
1
27% Jan
24
36
par
47% Jan
12
75
12% Mar 27
Sep 10
17% May 29
76% Jan
9
92% May
7
10
109% July
3
117
48% Sep
Sep
61
20
78
2
par
16%
18.900
38%
400
Starrett Co
of
(The)
Sterling Drug Inc
3% preferred
1
(new)—.
41%
5,200
102%
200
21%
21%
21%
14.700
Stewart-Warner
21%
20%
21
21%
16,500
*20%
15%
20%
16%
700
Stokley-Van Camp Inc
5%
prior preferred
23,300
Stone
28%
28%
35.900
Studebaker Corp (The)—
Sun Oil Co
21%
21 Y-
*20%
16
16%
28%
29
65
66
125%
♦123%
■
*65%
123%
1.800
67
123%
Dec
33% July
110
Jan
2% Nov
16
33%
Feb
Feb
34
400
102
33%
32%
33%
37
37
37
34%
33%
-Y
33%
3,900
2
16
Jan
10
22
66% Jun 25
23% Apr
7
-No par
1
Webster
41% Sep
102% Sep
25
—No par
100
Class A
21% Apr 30
.—
-
—
2
21% Sep
14
20% Sep
6
10% Jan
24
16% Sep
18% Jan
2
Aug 13
123% July 18
5% Aug 20
I—IOC
10
Mar
.No
par
25
22
79
Aug 21
Jan > 3
100
25
Jan
22
10
31
Apr
11
17% Jan
2
—
.12%
9
Feb
!8ep
4% July
74% Dec
85% Dec
39% July
Jan
34%
6% Jan
58% July
28%
Jan
11%
Jan
9% Feb
15%
Feb
10
7%
29% Mair 4
66
Sep 13
127% Mar 24
7% Jan
9
13%
54
15% Jun
21
27% Jun
11
122% Apr 30
34
Sep
7
37
Sep
38% Aug
U% July
37%
Dec
17%
July
10
2
57
118
<Dec
13
18% Jan
,
115
18
17% Sep
39% Jun
10% Jan
Sweets Co of Amer (The)
33%
*99
102% Sep
!—I"20
700
33%
100
5%
Aug
34% July 26
5
5
Corp
600
33%
6
—-
-100
pfd (4%% cum)
Sunray Oil Corp
Sunshine Mining Co
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Sutherland Paper Co
20
*96%
:
&
34
-No par
L S
24
19% Aug 20
9% Jan 22
10
Ohio—
40%
97
27%
Standard Steel Spring
99
footnotes see page 1299.
64%
Standard
Jan
Dec
Sep
22,900
56
38%
Jan
67
23%
98
For
Jun
Jun
110
-25
*101%
*34
96
Dec
79% Nov
Standard Oil of New Jersey
6.700
34%
23
13%
Feb
13,900
6,700
34%
67% Jan
-No par
prior preferred—
$7 prior preferred——
$6
14
33%
Sep
Jan
62%
11.400
34%
2
6
50%
29% Nov
48
62%
23
6
34%
Jan
Dec
22% May
36% Jan
34% Sep
31
Sep
50% Sep
14
34
28
Dec
35
40%
25%
34
-No par
Inc—
Jun
May
16
13%
34%
7
Aug 28
9
28
28
25
*34
Brands,
107% July 27
,
7% Aug
75
27
14%
36
Par
Jan
Deo
Feb
39% Jun
25%
36
Squibb (E R) & Sons.
$4 preferred———..No
58
34% Dec
Jan
45% Jun
14
36
-No par
5%
109% Jun
25
35%
1—100
41%
37
20
37% Jan
Square D Co
5% conv preferred
102%
x33%
Jun
4% Jan
-
55
2
25%
37
7
15% Mar 1
Sep 14
40
Sep 10
2
2
2
14%
♦36
7
23
25%
37
Sep
26
33% Jan
15%
Dea
26% Oct
17% Aup
43% Dee
64% Jan
78% Jan
38%
162
Jan
38% Jan
16%
Jan
45% Des
Jan
„25
13%
*36 %
141
No par
6%
33%
31% Dec
14% July
5% July
21% Dec
Standard Oil of Calif
25%
97%
33%
Apr
Jan
3% Jan
20% Dec
28% Jan
23
12
Standard Oil of Indiana—.
14%
33 %
54% Dec
12,800
5%
*32%
18%
23% Jun
Feb
13,000
25
98
Apr f
Jan
33%
13%
:
13%
22
13%
500
38%
Dec
32% Jan 22
Ohio
Oil
16
42% Jan
Apr
8% Jun
1,000
*
29%
41%
104
35% Sep
31% Dec
Sep
22%
2
6%
*95
14
Aug 28
35
33% Sep 10..
22
Aug 31
57% Jun 26
2
2
14%
99
1
2% Jan
26
*96
7
•
23% Mar 19
x51% Jun
Apr 20
26% Jan
25
6
5
Apr
Fe1>
Oct
100
40%
5%-
10%
..
17% Apr 24
4% Aug
7
20% Aug 20
40% Apr
4
24% Apr
23
26
111% Jan
14
6%
,
10
No par
25%
6
3
17
12
ZNo par
14
6
8
8% Jan
41% Sep
37
Sep
Mar 26
76%
preferred—
$4.50 preferred
25%
6%
Jan
Jan
Standard G & E Co $4 pref- -No par
25%
6
Sep
Dec
18% July
78% July
14% Mar
Jan
8,200
14
•Y"
11%
38
104
9
Jan '
72
6
5,300
'
20%
Dec
May
48%
30% Feb
No par
*101%
41
102%
7%
Dec
24% July
63%
12
110% Aug 24
:fe 40% Sep 13
115% Aug 23
113%
•
13
3
May 16
41%
105
16%
*38%
38%
40%
14
23% July
Standard
280
106%
3
32% Jan
15
Railway
non-cum
Feb
16% Feb
6
10% Feb
25% May
8% Dec
27
62%
23%
38
105%
105
*89
200
78
84
14
Jun
95
July 23
Aug 21
,
110%
16
20% Sep
2% Jan
41%
38%
41%
38%
.105%
7%
89%
♦104%
40%
37%
40%
*113
7%
89%
40%
*105
•
40%
40%
" 114
7%
90
110%
110
40
*113
7%
v.
78
77%
110
40%
114
47%
*118
Jun
Sep
23% Sep
;
47
47
*118
19
136
31
Southern
17
Jan
Feb
45% Nov
67% Jan
24
.
'
—1
Southern Pacific Co
14.100
76
17%
8%
14%
Nov
37% Mar
9%
38% Jan
31.500
47%
74%
Dec
Dec
14
No par
49%
46%
9%
109%
Sep
No par
48%
75%
•
115
114
20
49%
Jan
Jan
v
Aug
Jan
*17%
7
105
19
17
47
Dec
79
Southern Natural Gas Co——7.50
48
38%
115% Dec
110
9
3
Southern California Edison
46%
Feb
Feb
28
22
4.700
1,200
23
59
Greyhound Lines—5
21%
Jan
Jan
Mar
21%
Jun
109
35
32%
9
34% July
34% July
108
Feb
21%
Oct
Jan
27% May
Augr 2
77
33%
19%
11% July
Dec
17%
113
24% Jun
100
i
14
9
preferred
Jan
110% Jan
23
22
8%
39% NOV
14%
28
22
Iron
35% July
25
9
15% Aug
33
17%
6
48% Jan
&
.
5% Apr
17% Jan
1
12
Sep
22% Jun
Steel
South Porto Rico Sugar
30
Feb
$1.20 preferred
No par
Smith (A O) Corp
—10
Smith & Corona Typewrlter_No par
Southeastern
90
.
Jan
60
88
Jan t
8%
13
7
1,600
88
May
13
7
2,100
88
36
17% Mar
45%
*86
Jan
Sep
Dec
15% July
28
May 22
Dec
16% Dec
100
Apr
8% Jan
6
.
54% Mar
10,300
90
85%
14% Aug 22
South Am Gold & Platinum
1,700
16
Feb
'
12% July
88
Jan I
57
Aug 28
114% Jun 13
1
182
*177
Jan
Jan
10
May 15
13% Jan 23
No par
Bocony Vacuum Oil Co Inc
*85
14%
23
70
\
21% July
102% Deo
63
41% Jan
Skelly Oil Co
Sloss-Sheffield
22
45
182
32%
*21%
4%
21%
22
45%
*177
800
6%
Aug
10
-18
20
Sinclair Oil Corp-
16
Y ;'
10
Dec
99% Nov
23
12% Jun
12% Mar 27
No par
32,400
16
4%
4%
22
45%
182
34%
15%
100
1.700
67
X34%
43,200
Slmonds Saw & Steel—
23%
4
111
7% Aug 22
16% Jan
5.
No par
—
Dec
Dec
'
No par
Shell Union Oil————15
Silver King Coalition Mines
24
Apr
k 51% Sep
9
(W A) Pen Co-
Simmons Co
Feb
8% Apr
46% May 5
23% Apr 17
-74
8,300
♦16%
4%
3,600
18
Jan /
115 % Mar
17% Mar 26
No par
3,000
Nov
14% Apr
X83% Mar
21% May 18
8
No par
No par
7%
18
16
8% Mar
22% Aug 21
Shattuck
40%
Feb
87
29
Y Aug 14
108% May 1
Sharpe & Dohme
$3»50 conv pref ser A
Sheaffer
11%
14
41
111
78
—
85% Dec
155
40% Sep 13
•
No par
No par
(Frank G)
Jan
12
27
Dec
Jan
50%
22% Sep 12
13% Feb 28
41% Aug 21
*105% Jun 22
,99% Mar
13
90
28
21% Mar
i
111% Jun
2
38% Sep
23
x42 % Feb
5% Jan
13
20% Sep
107% Aug
25% Sep
109% July
19% July 27
*
Jun
Dec
42% Dec
11% Jun
110% July 25
;8% Mar 27
-1
Steel Corp
$5 conv preferred
7%
41
*64%
4%
100
Jan
36% Dec
26% Sep
111% Sep
2
7
10
26
17
37
27% Jan
102% Aug 10
27% May 1
2
13
27
12
"YY T-'Y Mar
...
40%
7%
41
'
7,200
64
26%
26%
7%
41%
23
.
2
Aug
19
25% Sep 14'
35% July 12
30% Sep 11
;
Apr
Mar
July
15% Jan
32% Jan
21%
16
82% Jan
16
2
5
2
6%
19%
33
17%
Dec
Jun
24% May 23
4
16% Jan
18
July
34% Dec
137
■
20
22
No par
—
1,200
23
90%
16%
—
1,600
8%
23%
90%
18%
Inc
$4.50 preferred
Shamrock Oil & Gas
*22%
*76%
37%
16%
10%
;
33~%
Feb
Feb
29'A Mar 19
3
No par
—1
Roebuck & Co
8ervel
60
112
8
8%
*8
98
14%
31%
Jan
12%
8
'
45% Jun
5
Aug
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Mar
Mar
Jan
87%
15%
.
—No par
Seagrave Corp———5
6.700
22%
22%
22%
22%
*112
.
6.400
133%, 136
134%
134
22%
113%
,
7%
19%
102%
11%
—
Seaboard Oil Co of Del
4,300
8%
IP
—.—5
100
8
2.50
;
i00
No par
No par
-No par
—
preferred
Bcott Paper Co
$4.50 preferred
$4 preferred
800
112
Lead
Joseph
5% %
100
56
113%
*112
99% Jan
15% Jan
28%
28
50
17
—No par
....
112%
23
Jan
9
22% Jan
3
22% Jan 22
Dec
39% May
7
23% Jun 21
30
11% Jan 22
116% Apr 17
69% July 26
Roan Antelope Copper Mines
Royal Typewriter.—
1
Ruberoid Co (The)
No pat
Rustless Iron A Steel Corp
1
*112
54%
112
*112
23%
8%
700
2,200
41
111%
12%
12
48%
7
46
23%
112
108%
48
108%
Rttter Company
20%
45%
45%
23%
111%
600
41
'
19% Jan
July
10% July
107% Jan
38% Jun
2
43
Mar 5
36% Jan 31
•
...1
29
7
21%
111%
46%
112
21
45%
41
1,800
12,500
Y 24%
28%
29
41
23
*107%
*54
45%
40%
21%
112
46%
*112
45%
7
22%
109%
*111%
■
23
12%
44%
7
*28%
*110%
46%
112
*112
22%
112
*107%
109
*111%
45
22%
♦110%
11%
40
19
28
45%
140
9,000
109
*24
105% Aug 14
Jan
34% Jan
No par
6% conv prior pfd ser A
10C
Revere Copper & Brass
No par
5%% preferred
100
—No par
Reynolds Metals Co
5% % Conv preferred
100
Reynolds Spring
—-1
Reynolds (R J) Tob Class B
10
Common
—
—;—10
Rheem Mfg Co
1
Richfield Oil Corp
—No par
19.100
38%
28
22%
19
19%
41
112
Republic Steel Corp
600
38%
28
22%
Republic Aviation Corp—
54,700
37%
42
111%
11%
21,800
19%
*27%
*44%
*'
37%
*39%
40
July 18
11
Aug 21
19%
xl9
Jan
87% Jun
Mar 26
106%
25
*108
109
85%
16
37%
*
*40
21
18%
106%
24%
2
33
-
10%
26%
111%
26
111
19%
19%
109
19%
10%
111
1
30
22%
106% 106%
24%
24%
20
25
33%
80%
Apr
'103
—.
100%
22
10%
26%
26%
ill
106%
37%
:
,
*100% 101%
21%
22%
33
30%
101 %
110%
19%
10%
26
111%
112
78%
12-
Jan
7%
No par
-
21%
*21
*108
78
*100%
22%
22
120
126
30
22%
22%
21
*108
,
46%
44
78
102
33%
22%
24%
126
29%
33%
102
22
23%
Apr
69%
pfd___100
Raybestos Manhattan
800
6,300
77%
127
*100%
*33%' 33%
29%
29%
19%
37
*36
8%
28
Sep -' 7
104% Aug 31
91
6% conv preferred
Ralston Purina Co 3%%
1,280
39
21
44
22
*108
*38%
20%
*45
*124
*106%
22%
21
16% Sep ^ 4
10% Jan
2
78% Jan 15
7% Mar 26
\
1
.-100
80
39%
20%
No par
No par
Radlo-Keith-Orp' *um
Rayonierlnc
1
200
$2 preferred
25
5.600
Reading Company
50
4% non-cum 1st preferred—-_-_50
4% non-cum 2nd preferred
50
1,000
Real Silk Hosiery
^
5
50
Preferred..
100
500
Rels (Robt) & Co 1st pfd
100
2,600
Reliable Stores Corp..
No par
500 4 Reliance Mfg Co.
10
7,000
Remington-Rand
.-1
200
Preferred with warrants
25
4.000
Reo Motors, lac.
..—I
105
39%
20%
*42%
75%
10%
25%
105
105
39%
,
44
22%
*110%
19%
*104%
104%
46%
78
♦20
24
105
104
104%'
*42%
*76%
*100%
23%
103%
*45.
•
124%
22%
124
23%
103
86
10%
103%
Radio Corp of Amer
$3.50 conv 1st preferred
13
3
13% July
10
Dee
Apr
12%
Dec
Apr
20% July
Jun
64
Oct
Jan
5% Feb
128
Oct
121 \
5%
Jan
J% July
10% July
17%
Jan
25% Dec
66% Nov
84% Feb
19%
Apr
26
Deo
29
Sep
3«
Dee
8% Jan
20% Sep
RECORD
NEW YORK STOCK
9 per there
■gjpr snare
• per tfiart
37%
37
10%
10%
10%
*10%
10%
♦10%
•8%
8%
8%
♦14
14%
14%
♦107
108%
53
53 %
34%
34%
34%
34%.
34%
7,200
33%
33%
34
333/4
33%
3,400
Swift International
34%
343/4
34 Va
Swift.A Co.
34%
34
37
36%
35%
38%
34%
353%
6.500
10%
10%
37
11
11
10%
10%
10,200
*10%
10%
103/4
10%
*10%
.10%
200
8%
8%
83%
8%
9%
1,200
143/a
14%
14%
143/4
85/a
14%
10%
83/4,
10%
*8%
*
53%
7%
108%
108%
107 Va
7%
7%
33%
44
•
21
•15%
16
19%
56
*98%
U
15%
56
55%
19%
13%
13%
583/4
*57%
*10%
103/4
15 Va
15
56
*107
.
101%
101%
101%
101%
1013%
102
44%
45%
445/8
45%
45
45
45
102
45%
60
60%
60
60 3/4
60%
61
61%
.0
13'%
101%
44%
60%
13%
49%
i
13%
13%
13%
13%
13%
13%
49%
49%
49%
48%
49 Va
23%
23%
75/8
24
24 Va
13%
13%
13%
9Q
283/4
29%
28%
29%
29
29%
353/4
36 VA
*105.
107
11;
11
11
123
120
20%
21
29%
37
*10%
112%
112%
*1123/4
*112%
22%
22%
22 Ya
115
113%
113%
113%
*113
22 %
22%
223A
*112 3/4
115
1273/4
28 %
27%
*104%
273/4,
105%
,
41%
'
42"
42%
140
140
141
*139
139% 139%
42%
*28
28%
*28
28%
28
*112
113%
♦112
113%
*112
10%
23%
2%
23%
2%
23 y8
2®/a
10%
23%
.23/4
45%
45%
223/4
,45%
453/4
23%.
2%.
*11%
*85%
14
26%
110
y/v'
283/a
s'
109
8
22%
■
45%
23
13
12%
88
88
14%
14 Va
14%
108 3/4
46%
109
46%
1083/4
19 Va
19
30
293/s
*108%
110
■18%
18%
19
22
22
213/4
213/4
52%
53%
53
53%
*191
193
*189
87/a
*8%
,9
34%
345/8
34%
;
13
13%
113
*111
13
113
io3/4
46 y2
46%
46%
52
52
*513/4
53%
40%
39%
40
•39%
*10%
2%
3
66
67%
160%
160%
65%
66%
87%
*84%
72%
71%
163
65%
74 %
149%
149%
25%
255/a
47
5%
5%
a 8%: 8%
♦110% 112
19%
19%
.
8%
19%
6%
*46
6%
6%
■
8%
8
112
♦111
6%
653/4
87%
47
47%
163
713/4
73
25%
148
3
67
*843A
87%
110%
19%
19%
6%
6%
3
"
66%
i
93
.i
*185
1
25%
26%
15%
15%
*38
16%
.27"
15%
16%
17;
51
95
*91
*29%
fl
25%
5%
*65
120%
*51%
„
90
*91
100
66
120%
27%
15%
15%
,
*38
16%
51%
*89
100
*91
29%
30
5%
28%
51%
30%
:* 5%
53/4
65
.
39%
39%
40'A
4,300
35/8
36.200
39%
3%
395/a
.3%.
663/4
67
163
66
66
74
1.600
3.000
87'/a
*85 3/4
74
26
47
*46
47
-6%
8ya
110%
19%
63/4
■•*6%
8
*1103/8
19%
'6%
*149y4
6%
20%
87
733/8
■'
.
'
73%
44.800
"<;47:,
93%
*185
>46%
46
93%
189
*182
189
ft
Preferred
non-cum
8
5.900
United Stores class
113
100
-94
190
No
—
Universal Leaf Tob_
—100
Pictures Co
1
Inc
5.600
Universal
28%
28%
28%
28
28%
27%
273/4
5,400*
Vanadium Corp of Am.
155/a
Xl53/a
15 y2
153/a
15%
153A
153A
4.400
Van. Norman
38%
38%
16%
•16%
16%
16%
16 Va
400
38%
16 V2
51 y*
:,5l%
52
52
91
*89
91
91
91
100
*91
,30 '
100
30%
•91
*30
5%
65%
65%
120 Va
1193/8
53/4
66%
120
66
♦119
100
30%
6
66"
120
52
*51
52
*51
51 Va
52 %
:./*90
*91
30 Va
5%
65%
118
*72%
51%
Vertientes-Camaguey
40.
38%
38%
,
38%
5■%
non-cum
Va-Carolina
90
6fS»
1.900
100
51%
160
*148
160
*148
160
*148
160
170
*158
170
*158
170
•158
1.70
Dec
5
14% Jun
27
Feb
11% Aug
5
88% Jun
27
103/4 May 28
14 Va Sep
46% Sep
12
10
1093A Sep
14
66
Jan
897/a Mar
9
'
1.500;
19% July
11% Jan -24
1033/4 Sep
Jan
22
Va
El
21%
Feb
88
Jun
Jan
186
Dec
Sep
May
Pow $5
pref:
Virginian Ry Co—
6preferred,
Vulcan:DetinDlng Co
:
Preferred
8%
13
Jan
51»/2 Nov
Apr
43% July
5
16 y8
33%
Jan
Dec
Dec
28
Jan
10
15% Jun
25
5%
Apr
9Va
Sep
11% Jun
11
8%
Jan
103/a
Dec
114
2
48
2
2
37%
Jun
48
Nov
"I
7
2
Apr
Feb
6
•40
Jun
21
130
Jan
4%
Feb
170
12
Sep
Jan
68% Sep
6
113
30%
3
Jan
4
2V4 Mar.26
Feb
40%
Aug 28
55% Mar
41% Sep
27% Jun 15
110
Dec
543/4 July
150
Dec
52
Jan
2
71
Jun
20
48% Dec
613A July
72
Jan
18
87
Sep
14
69
78
58% Jan
24
75
Sep
13
50 Va
135% Jan
23 Va Aug
2
43/3 Jan
Jan
53/a Jan
May
275/8
Aug
6
Apr
483/4
Dec
6% Jun 26
2 3/4
Jan
8% Sep
2% Apr
5y4
Oct
Jan
1063%
Dec
2
6
76
1143/a May 28
8
5
47
Mar 27
187
May 28
Jun 25
178
23 % Aug 21
3%
33% Aug
r
6
Jan
Jan
41%
68
Apr
81%
162
Mar
176
July
Dec
Dec
Nov
28 Va May 28
21% Jan
18% July
31
Jan 24
95
4% Nov
14% Jan
6
Jan 25
20 lA Mar
75% Jan 24
Jan
Dec
Jan
22
44%
50% Feb
5
2
16
136%
*119%
26%Jun
23
39
Dec
63% July
Apr
5
151% Jun 21
7
98% Jan
May
2
9
14
17%
Jan
22
39% Sep
28
18
12%„May
13 Va Apr
6
;
4
Jun 23
24'A Jan
8
33% Apr
7y8 Jun
9
100
118
Sep
14
123
tS7
Jan
22
76
Dec
85% July
21 Va
Jan
25 V2
3%
Sep
5V»Mar
Sep
62% July
19
Jun
3% Mar 27
*85
Feb
101
59 % Jan
Oct
Jan
Feb
50
July
20
Jun 22
Sep
Dec
70
18
100
90% Jan
52
63%
.Jun
,86% Mar 26
14yaNov
16
-
'-51
41%
100
100
Oct
Jan
13
6
26:
19
18
52% Sep
48% May 22
23% July
Jan
9%
15% Sep
Jan
100
9
Jan
38 % Jun
•J
pfd—100
25
25
100
1
Oct
Jan
34 Ya
Mar 27
Co_6%
15%
42
1"
25
103A July 2
-63/4 Mar 27
144% Jan
Jan
Mar
73
div partic preferred
&
143/4
70
170
22
51V2 Jan
Sep
15
54
Jan
Dec
7%
12% July
1073/4 Dec
97% Jan
52 3A May
Jan
109%
Feb
Dec
13
10
35
Jan
Feb'
7%
15
17
46
Jun
Sep
Jan
9% Jan
15%
4
6
Sep 12
25% Jun
13% Jan 17
•
Dec
Oct
98 3A
16
38% Jan
...
Dec
91%
11%
26
xl04
v180%JaiUl7
50
Aug
11%
36%
Apr
194% Jun
16% Apr 10
77
78 Vb
Jan
26% May
75% Jan
8
.
108'A Jan
13
1% July
13
Jan
83/a Sep
•19
45%
<
9
313/4 Sep
110
6
32
No par
Chemical;
Va Iron Coal & Coke 5%
77
*158
Dec
17%
13
9
Victor Chemical Works
66
*148 '
preferred-
5.800
119
39
42 Va
Apr
5
2.900
5%'
39
Apr
.
30Va
39
Sugar
Vicks Shreve it Pa;c-Ry-
■
39%
Jan
12 y2
10
Vickc Chemical Co;
,
lVa
31%
13
2.50
2,200
52V*
No par
Co-
Raalte Co ,Inc
1.400r
92
100.
•
Van
par
No par
preferred.
10
1
Inc
Laboratories
Jun
14
5
Universal
38%
3
23% Sep
24
50
Oct
47'A Jun 25
Jan
1.300
26
*49
A_1
28
8
2
2
Sep
conv
Jun
22
4
1.700
38%
24
July 26
•46
7
38%
Jan
23
20
38%
22
_-_l
5
Stockyards Corp
26
52
For footnotes see page 1299
No par
26%
*49
.
100
'.
26 Va
16%
52%
-20
^10
1
—
26»/!4
5%
*38%
No.par
46
,189
28
Jun
Dec
Jun
70% July
11% May 19
73A July 20
33% Jan 31
No par
preferred:
No par
Universal-Cyclops iSteel Corp
—I
*182
31
114
'9% Jan
5
——50
7
■
2
24%
i May
"
—20
preferred
United
.
Mar
61
Sep
157/a Jan
—100
—
6.000
;; 93%
110
■1% Jan
.—No pur
—No • par
46
•93% «503%
6
25
6V3 Mar 26
—No par
—10
8% non-cum 1st preferred-—100
U 8 -Smelting Ref 'A Min_________50
Preferred
—50
U S Steel Corp
No par
Preferred
Dec
Dec
110%
20% May
Jan
I33/4 Jan 20
22 ; Mar 9
107
Jan
2
U S'Rubber Cox--
6%
*19%
.7%
27
Jun
10
—
8
79 % Jun
30 Mi Mar.26
,8
46
203/4
38 V2 Jan
No par
1st preferred;
$6
Oct
118
28
29
100
*109
113
Jan
144% Jun
114
22
Gas Improvement
1%
Sep
93 y2
2
110% July 3
7% Jan 23
200
47
*46
,
-5
Fdy
26
26%
30%
*120
♦46
Cos
U S .Tobacco Co-
5.300
17%
43% Jun 28
22
22
—No pat
1,200
•
6 >/t
63/a
20%
20
"
100
109%
Dec
Jun
Nov
"
26% Feb
«
-100
—5
——
.
1,900
149% 149%
263/a
25%
150
8 Va
8
7
87%
47
*noy2
7
65%
87
263/a
6 Mi
8ya
113
65
52
170
Jun
1
Jan
66
5
1
Co—
Jan
22% Mar 22
No par
No par
1U S Realty & Im.pt—
700
163
163
66
74%
65 Mi
*49%
160
68
28
"Jun
1093/4 May 25
fitores-^-^Oc
20
U S Plywood Corpx—*
6,900'
66%
66
163
*161
75
33/a
33/a
31 Va Jan
118 f
No par
Co__
U S Pipe & Foundry—
U S Playing Card>Co
200
Jan
25% Mar
22
preferred
—.——,400
D 8 "Lines Co——..1
'1':
Preferred-: • ———-——10
5,800'
13
21
Dec
»Par tin & conv cl A—
113 /
123/4
203/s Jan
70
3
Dec
Prior
52
77
*158
Dec
36%
•U S Leather Co_
1.600
10%
*72%
*148
Dec
16y4
1233/4
1,100
46 3/4
7T
170
8% Jan
21VaSep 10
3
Jan
9%
35
52
*72%
160
118
Apr
50%
9%
10%
77
*156
Jan
Feb
4,300
463/4
♦72%
*148
68 Va
22%
5%% conv preferredU S Industrial Chemicals
53%
77
39%
13
137
102 Va
U S Hoffman Mach Corp
♦Hi
*72%
*38%
Jun
Aug 24
Dec
1003A
320
35
35%
74
39%
Dec
18
3,400
50%
50%
*72%'
*38%
9%
110J/2 Apr
21%
47
26
53/4
♦65;
66
120%. 120%;
Jan
85
Sep 12
preferred
$6
195
10 5/8
150
30%
;
Dec
•5%
114
D'S/Freight COi.—No par
10%
253/4
*46
186
26
90.
105 Va
13
3
104
U 8 Gypsum Co___.
7.% preferred!
46%
149%
94
25%
17
Jan
14% .Tun
May 22
;93/« Jan
Dec
53% ,63%
21%
:
113
*52
25%
186
38%
35%
4 Nov
U 8 S& Foreign<Secur—
960
13%
150%.
93
186
*38%
51
*46
-
94
38%
*89
47
*185
186
26%
I
m
93%
25%
;
*46
47
Jan
30
1,600*
103
*189
67%
-
163
*843/4
102 Va
*
*45
283A
33% Nov
3.300
215/a
*21%
12%
463/4
52
67
♦147% 148%
*25 /
25%
*111
10%
10%
10%
47
22
9%
9
34%
13%
10%
66%
50 34
51%
51
51
8%
72
*6%
193
34%
*84%
5%:
*191
46%
160
*46
X103.
8%
40
373/4 May 28
106% Jan 13
104
United Faperboard-^
15,800
.104
104
104%
104
193
21V4
103
34%
68
66
1033/4
21%
21%
8%
3
160
1043/4 1043/4
34%
40%
67%
21%
102
♦111
5%
790
2,000
18%
18
18%
21%,
40
Dec
102
Co.—13 Va
United Merch A. Mfrs Inc_
-1
United
'
523/4
*51
28%
jun
Dye wood < Corp—1
Preferred
20.300
8
21
io%
Dec
Feb
34Va Mar 27
preferred———100
Drug
United
11.000
21Va
52%
52
Dec
102%
.21%
Corp—-—--—.l—8
100
-ilO
—100
Biscuit
United
5.200
,
108 %
20%
47%
203/4
Dec
30% May 28
3
Feb
preferred
Corporation
preferred-
$3
50
19 Va
30%
52
47
15%' Mar
102
29
26V2 Mar 21
101% Jan
jun
Prior
1,500
1093/4
19
,8.
51%
*51%
Nov
92%
46%
1073/4
20
*io%
Dec
11%
255/a
Unitedi Engineering &
United Fruit Co_
8%
101
13%
105%
Jan
26
1.100
313/4
*190
13%
Jan
11
United -Electric Coal
108%
192%
13%
Jun
Dec
*
33% Mar
7.600
8
303/4
20 Va
20%
*51%- 51%
13%
108
5%
8%
*13%, July 23
30% Aug 31
183/a Mar 28
Dec
18 3/4 July
323/4 Jan
14 Va
X108
8%
8
100
113
85
22
29
Aug 20
United
,15,800
12 y8
109
1043/4
*111
3,y« Feb
Aug 20
United Cigar-Whelan
3,100'
88
46
109
104%
50 %
Va
14
,46%
104%
21
21.800
*86%
19%
19
31
109
400
93/4
12
12%
88
100
113
.17% Apr
12% Jan
25
500
743/4
32%
22 3/4
104%
*111
13
10V4 Mar22
preferred-
conv
conv
23
99%
51
Jan
7%. Sep
110% Jun
29
United. Carbon Co^-.- ,~-J*-~NoVpar
United»Carr Fast Corp.——No ,par
900
21%
49%
103
8
12
24% Mar
Dec
52% Aug
11% Dec
1093/4 May 10
5%
38,500
104%
9
2
38"
Jan
100% Jan 24
United
23/4
99%
34%
2
Jan
8%
—No par
700
45%
20%
50
27
15
5
14
non-cum;preferred———100
28 Va
22%
104%
50
■54% Jun
Jan
18 Va Jan
United. Air Lines Inc
4l/2% preferred
113%
2s/a
17%
*34
25
62
115
1.200
22%
17%
."•*8%
Sep
14% Jun
26
July
Feb
137 Va
45%
17%
192%
Mar 26
25
.Jan
43% Apr
11
Apr
10
-
Dec
17
29
United Aircraft
700
23%
17%
*190
Sep
50
6
34
5
136
8,100
23/4
453/4
17%
21%
7
116
Union Tank Car
20,000
<
23%
*223/4
2%
23
*46%
27%
733/4
93/4
87
8
8
100
(45%
18% Mar
13
Feb
18
% Mar
Sep
5%. Aug
109 V« Jan 24
41%
*30%
9%
75%
18%
21%
20
102
<2Jan
25
100
4%
800
2,200
°
,12%
19 Va
19
109%
7%
g
2
8
•
119
2,300
30 J/4
*112
33
9%
',14
46%
108% 108%
28%
109%
26%
26%
9%
14
12
46%
19 Va
19%
19%
19 Va
1334
103%
108%
108%
*86
46%
46
46
31
88
113/4
88
13%
13%
•45
22
12
12
87
13%
22%
22
12%
*85
45%
45%
45%
22%
613A Jun
22
Oct
(Aug 22
7% Jun 18
Feb
137%
28 Va
28 %
113%
*30 y2
31
10%
2%
109
13% Mar
113
41%
141
X75 %
75
31
23%
Jan
Sep
49%
23
Union Pacific RR COi
105%
26%
28%
76
■75
9%
31
16,% Jan
32% Jan
117% Jan
Union Oil of California
104% 105
"41%
*112
31
*75%
75
10%
2%
57% Sep
45
161
Dec
6
14
153/4 Mar
3
Jan
12 y8
Preferred $4.00 series^—No par
"80
130
129%
104
■
*137
28 Va
113%
I
I-
|m
27%'". 1
41%
141
140
*112
30
23%
45%
22%
104 1
4
30%/:.
27%
28
,27%
28
113%
1047/a
423/8
75
2%
13
Dec
4%, Jan
11%, Jun
xll0% Apr 27
111% July: 11
6,900
22 5/s
$ 22%
131
30 54
104
41%
30
23%
*109
27%
104
75%
9%
1
15%
& Paper—
Carb
Union El Co of Mo $5 pfd
114
113%
,
'22%
104%
31
30
75%
*29%
9%
108%
.30%
113%
130
*104% 104%
31 %
<•,
115
22%
*27% 129 Va
104 %
30%
98 Va
973/4
*112% 115
98%
98
*1123/4
104%
127
106
8
15%Mar
823/4
6,400
,27%
58% Sep
Sep
98
'
-
103/4
Feb
98%
♦104%
53% July 24
10 Va Aug 20
.
Dec
Dec
Apr
Jan
98%
r
7
9%
98%
27%
27
7
94
76
98%
*103%, 106
42
42%
13% Sep
Nov
122
Oct
51%
Union Bag
Union Carbide &
f
9 3/8 Mar 27
JUty
93A
Jan
81%
6
6.300
31%
Apr
Jan
I; 92
Apr
4
7
1.300
20 VA
104%
5%
16
16
/
Sep
Sep
67%
20
127
28
Jan
100 Va Sep
66%
20%;
31
12 / Feb
6
24% July
'58:
24
66%,
x203/a
104
Feb
24
X6S%
203/4
98%
124
50 Va
14 »/4 Jan
67%
20 %
:
Jan
24
78% Jan
67%
20%
<3i%
12%
59% Jan
583A Jan
67%
19%
104
21-3/4 Jan/10
No par
No par
67
125
Dec
143/4 Mar 31
■
No par
—No par
Underwood Corp
98 %
•.31%
Nov
35
U
.
67%
*112% 115
16%
Jan
14% Jan
20 Va
22%
Dec
Feb
17%
1
—
19%
,,
29%
v,83A
x935/a July 19
—
Twin. Coach Co
67%
104
'
80
18,100
203/4
20 ya
14% Feb
20
100
—1
—100
:
Dec
37 y4 July
20 V2 Jun
139
No par
preferred—No par
$4.50 prior pfdi—
NoPer
Twin City Rapid Transit
No par
2nd preferred
100
300
118
118
Corp
preferred
Jan
6%
Apr
54% Jun' 22
3
$1,50
300
1X0%
t
50~%
Feb
30
8% Apr
20th Cen Fox Film Corp
5.300
105 Va
105
4% %
13.300
29%
36%
20%
20%
20%
300
120
*118
121%
20%
Tubize Rayon
1.900
11%
*10%
11
11
*121%
122%
21 Va
11
.28
105
107
*105
105%
105%
28
37
36%
37
36
36
106
*105
13%
*12 3/4
293/4
29%
293/4
130
1,800
Sep
4%
22
125
•
50,000
Wa¬
*102
28%
105
105
1,400
109 V* rn Va
13%
13 %
28
105
*103
2,900
44%
32'A
93/« Feb -14
45'A Sep. 13
J? 26% Jun; 25 £
^
443/4 Mar 29
•
Bearing.—No par
Transamerlca Corp
—
2
Transcont'l <fc West Air.Inc—-—5
Transue 6t Williams St'l——No par
/Tri-Contlnental Coip——1
$6 preferredS
;—No par
Truax-Traer Corp
—No par
5,000
Oct
123/4 July
13 3/4 Jan
Timken Roller
4.800
23%
7% i
7®/a
62
13%
49
•48
*23%
108%
29%
283/4
1063/4
7%
108%
1093/4
13%
13 Va
106%
107
20%
7%
*108%
400
6.500
18
17%
*101%
49%
7%
36
•
22%
22%
7%
7%
1083/4 1087/a
23 ;.
122%
125
.
6%
18
6'/a
20%
22%
:
.
5.500
48%
6%
48%
17%
29
v
*112% 115
*112% 113%
g
63/4
48 Mi
48%,
lBVa Aug 21
Jun
83/4
-
;
19
Feb
55
8%
Jan
Dec
30% Jan
—
69
20%
98 %
;
2.600
6%
109% July.13.
Jan
4'A
8
^10% Mar
-f
34^8 Jan 22
57%
1073/4
17%
2
Tlmicen .Detroit/ Axle—^10
56
*107
300
7
7
570
230
Co
Jun
21
3.900
8,600
58
49%
10% Sep
15%. Jun.. 25,
July,17
xl06% Aug 30
,4Va Jan
2
Therroold
3,200
56 ya
.
Jan
33%
■v,5% May
10% Jun
—1
$2%.;div conv preferred
—50
Third Avenue Transit COfp.-No<par
/Thompson (J R)
.*
25
Thompson Products —No .par
4% prpferred
-10O
Thompson-Starrett Co---—-No par
$3.50 cum preferred
N( par
Tide Water Associated Oil
—10
$3.75. preferred -—
No par
12%
103/4
*14% .15%
108
*107
preferred
6-%: preferred' -i
33%
'
6% Jan / 2
.
Dec
27% Jan
6
16
363/a Jan
——■—-100
-—,
100/
-1%
"/-•,'
133/a
,
6%
29%
20 %
*67%
!
13%
15%
56
108
:
102
57 3/4
10%
*10%
15%
£15%
565/a
56
108
55%
*107
13%
573/4
573/4
10%
103/4
*14%
59
*98 Va
102
*98%
133/a
13 S/8
13%
*57%
>' ■
'
102
♦98%
102
*98 >A
480
11%
140
*139
140
*135
56%
*10%
11%
*10%
140
56%
56%
♦56
•;11%
*10%
♦135
140
1.400
19%:
173/4
*104
122
122
56%
57
11%.
10 %
1,800*
,41
,
*48%
13
:
11%
♦11%
*19
0%
7%
;
36
40
19%
49%
17%
13%
29%
36%
110
•105
41%
19%
*135
*108% 109
.,107
41%
6%
23
13%
29%
41
,19 Va
56%
41
17%
49%
.
:
29%
29%
6,300
<19%
25
.—1
No par
-10
Texas Pacific Land Trust—
—1
"Texas & Pacific By Co—
100
Thatcher Mfg Co.
No par
$3.60 '.cony- preferred—,—No par
'The Fair;
—No par
Sulphur
Texas.Pacific Coal ds Oil
r<
33
26% Apr
10
11% Sep
/ 2
ir ;05%:Juiy 26
48% Jan
2
Texas Gulf
Highest
I per share
27% Jan
9
37% Sep
11% Jan
Gulf Producing.-
Texas
4,600
16
6%
59%
109
•13
21%
15%
♦48%
44
7%
7V»
*108%
20%
163/a
17%.
101;
13%
23
21%
16
48%-
6%
49
.
21
16%
48%
;
.101
43%
13%
21%
153/4
17%
7
49%
60%
49
21'/a
16
56%
*
11%
108
*107
18
*22%
*104
15%
108
60
21%
15%
13%
58%
11%
15%
56%
*10%
*10%
*14%
43%
45%
21
140
13%
101
44%
56 VA
58%
0%
45%
19%
13%
17%
443/4
40%
58%
♦48%
44%
19%
13 %
55%
44%
40
58%
*107y8
45
pfd-100
Texas Co .(The>_—
8.200
6,500
44%
*98% 102
102
';290/
IV2
1%
7%
/Tennessee Corp-—
Tennessee Gas & Trans;5%
3,000
143/4
108 »/4
53% u54%
54
53%
IV2
7%
7%
•.14%
307%
.14%.
108%
-
per thare
7
7% Jan 13
73A Jan
——®
———8
Talcott Inc (James)
Lowest
k
38% May
>
Apr ' 6
7% Jan
2
1
Telautograph Corp
34% Feb
29
No par
Symington Gould Corp
4.700
19%.
*135
.140
*138
7%
40
*10%
11%
54
53%
54
7%
56
19%
55%
*10%
108%
108%
"1533/4
19%
40 >
39%
'39%
;
108 V*
54
7%
44%
44%
21
21%
15%
15%
*108
44
21
v
10%
8%
14%
10%
30% Apr
6
31 % Mar 21
LtdJ
Syivanla Elec Prod's »Inc
<
.
29
'
-
f per thare
9 per thare
r
36
li
34%
'
10%
36%
:
33%
shares
ehare
Since Jan nary 1
Hi|bnt
% Lowest
Fer
34%
34%
34%
37%
34%
33%
34%
$ per
9 per trutre
tfmr§
w per
Ran re
STOCK
EXCHANGE
the Week
Sep. 14
S^p. 13
NEW YORK
tale* fer
Friday
Thursday
Sep. 12
Sep.11
Sep. 10
Sep. 8
STOCKS
LOW JLlfD mew IALI MUCKS
Wednesday
Tvesiay
Jtimtar
fitvrisy
Monday, September 17, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
1298
Aug
120
Aug
38% Feb
63
Nov
Jan
*45
Dec
113%
Jun
45'A Jan
25
51% Sep 14
37
36% Jan
16
42
July 10
33
Apr
12
102
Jan
125
Oct
,147% Mar 26
149
Feb
155
July
120
Mar
2
145
Mar
5
163
Jun
38'A Nov
[Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
NEW YORK STOCK
LOW AND HIGH MALE PRICES
v
Satnrdev
9 per
if/v/
Tuesday
Sep. 11
1
~
Sep.10
Sep. 8
«
share
per «Aor«
Sep.12
V per share
66%
15%
15%
15%
15%
*15%
34%
; f; -*108
/!:>. '71%
34%
34%
34%
34%
34%
34%
iff:
;'!>
9 per share
y
9 per shore
-
*66%
*66
<">•
V 109
71%
71%
72
•
19%
*19%:
71
*109
66%
*66%
16
16
34%
34%
HI
;;
*109
.
72
'
-
12%. 12%
'
Zif
12%
12%
.
13
12%
7-2
19%
19%
16 y4
13
13% '
13%
12%
1%
.
,.
65
64%
x64%-
67
P>"
2
1%
1%
'66
12% :
13%
12%.
12%
l%i
:.fi
Range for Preview
STOCK
Highest
9 per thara
i per thare
71%
.
19 J/4
*19
12%
12%"
,
„
66% /66%
Walker
1,900
Dlv redeem
20,800
l7/e
2
Ward
2,000
,2
Baking Co ci A™
Class B
p,
5,400
*65%;, 66%
900
-
40
.
28
23
-
10
j
31 p 31
; #108 m 109
115%
io %•-;
*28
}
10%
39%
39%-
17%c*. 18
39%-v 39%
19
18%
18%'
19
18
,
,p;pp
■28% p
.
23%
10%
38%,..,..
10%....
33 y4
33 y2
867/s
'
38%
ioy»
39
P
1% Jan
-
87'
-
109
'
109
-
V
30%
no
,
31%
,
110
115%
116%' 116%
115%;
"*
32%
32.
110
.
110
i
*115
115%
107 :-
107
*113%
i
t.115%-116-'"
..
*29%r
'H
-
-
Wayne Pump Col—
Webster
Tobacco
5',
-
(Wesson OirA Siiowdrift^_„lVo par
; M conv preferred
' —No par
West indies Sugar Corp—— —1—1
108%
108%
108%
109
119%
114:,
114%
ii4% ..; *ii4-%
110%
30%
30%
36%
110 :P: 110
X30%
a
West Penn :EleCtric class A—NO par
7 % preferred—
—
100
5
170
:
•
460
v
no y»
no
25%
24%
25%
24
47.%
•47%
'47%
47 y4
47%
9
P9%
9y4
»%
9%
-9%
25*
;25%
.46%
*110
,
no
-
47, yet
9%
9
.
.
.46%
25%
i I. *46
55%
>:
/-> 48
9
J
;
25% p.
'
*46%
:
46%,.
9%
.
,
46%
87..'
87..
86%
8.7; »C ?
47%
29%
47%,
49
*28%*
34%/. 35
35%
:
43'.;
*28%
36
35%
•
j(
*70%:-- 73% i>
*103%. 104%-,
>
.
d
:
h:
23
[1
n
,
58 &.i
58 i
V-
"r.-x
80
.35
36%
34%
34% -
108 i
-
-
•
--35^
-
35
108 %-108
108
165%
j
40%
'40%
96% 98%
*25% ; 25%
.*97%
% yf'-}p
Sji"
41 ;•
98 V4-
i; i '.,
■'
41%
*97%
;
25% *"•
»*■
-Si*
...
'
».
25%
-v,
-
16%
.-
99% /" 99%
P
.*
18% P
:
57 y*
-
v,
.
P
P
23
w
P8%f'
106'
30;
;P
.'I 31
Jan
31
;
;
V 91%
*91%
-
57 d-
91%
57
91%
93
'
91%
.
.-
f
.7
82%
*56'
80 $
80
V'
19%
80
-
80
17%
18
•:
18%
19%
42
<
1.000
2oo
100
82
8oy2
/
80%
P 19
19
18%
*18 Ve
18%
42%
*41%
18%
18%
42%
18%
43%
18%
24%
42% '
l9J/a
42
19%
19%
*24%* 25
i9ya
18%
19%
44%
18%
25
24%
53%
25'/»
25"
25%
26
27
26%
105%
105%
9.900;
i'
P
>
81%
:
;
fp'
ii
57
'
93
19%
80%
80
P
80%
83
1,500
pVuP.- I
1.000
r\j
93
K'p
83
100 i
•
*90
83
83
<-
3,800
30.800
30%
.
*90
V*.
92%
83
82%
-
n,.
91
•91
*90
6%
" /Rug
lily..
10%
Jan"
—No Par
14
P
18% Feb
' Jan
f
1
if;-
50
43
July 13
r
28
26
6
27%'July i8
65
■ii
35
31% Aug ;,7 /
37% May 12
30% July 2& s'
27% Feb
108 '
3
^
•
'
f/
37%" May 17
50% May 17
37
Sep (12
35 < Sep 14
i>
87% Jan
43
;
9
Jun 26
*
•"
:
18
v
290
...
:
1 /p
preferred——_No por
$4 conv
,
Prior.
>
,
preferred——^——20
26% Jan 22
8%-Jan :•*>' 3
30
.
:—No par
,
$d preferred—^—
'——NO par p
—10 ;
Wisconsin El Pow Co 6% pfd—100 ;
C01
Woodward iron Co
35 y2 Sep
13
16% July 13
>
v
23
Jr
/T»«l>
No
I Wyandotte Worsted Co
10% Jan
34%
128
15
2
Jan
,
32
.
*ew
77
'*
lug-®c
104%
;"l: 32%
Dee
.
3
16% Sep 10
92'A
22
Jun, 26
1
59% Apr 17
,
94
July 17
99%.Feb 27
r
31%. Dee
;
>
$iy
20%
";.w; 99 y4 Nee .»
.'//": 14% Jidjr^'
18^1
Sep,
Apr
36% Jan
49
'41% NW
82% N6v
47% Jan
Jan
84
69% Jun
..
58
13
28
ESr
July
Nov
*
91%
Dee
Apr
;
74%
Nof
Dec
14
w
?
■
i
d
*41%
:
54%
54%
54%
55%
105%
26%
105%
27 V*
105%
267/8
105%
,
27%
27
106
45
55%
106
>
27%>
-
44%
56%
55%
55%
26%
•
56%,
106
/
*106
27%
1.100
"Yale ft Towne Mfg. Co
York Corp
—38
1
32%, Jan
6,400
13 Ve Jan
13
19% Sep
5.400
Young Spring ft Wire
No per
Youngstown Sheet & Tube__No par
5%% preferred series A
100
19 y4 Jan
17
27
39j/8 Jan
22
105 y4 Jan
19
55%
55%
106
26%
27%
44%
19%
27
:
/
15.300
220
107
27%
26%
7.900
—
Sep
Sep
36%
27% Mar
13
Julf
7
9% Apr
15% July
13
14% Jan
Apr
20% July
42% July
96
Jan
106% Nov
13
Jan
20%
Dee
44%
July
33%
56% Sep 12
Mar 21
110
Mar 26
20
Youngstown Steel Door—n^No pof;
45
,27% Sep 10
-
i
39
10%
33%
38%
38%
38%
38%
38%
38
38
37%
107/a
»38%
10%
11
10%
10%
10%
10%
10%
10%
10%
and
•Bid
asked
fin receivership,
prices; no sales on this day.
a
Deferred delivery/
Transactions al the New York Slock
Weekly and Yearly
r,
and MisceU
Week Ended Sept. 14,1945
„
Saturday———
—
—
Thursday-^—
Friday—
4.——
Bond
Bond*
$1,331,000
$65,000
3,523,000
216,000
1,125,700
5,101*000
4,122,000 i'
1504)00,:
V 1,340.560
H ~ 1,168460
1,024,260
■>•/...
5,563^000
274,000
»
$1,242,000
$23,808,000
Week Ended Sept. 14
138,915
4 >
1945
/•././.•,
.
.-i.
'
Sept. 14
-
/ '**
,1945
457,000
Tuesday
:_a
Wednesday—
Thursday
—
—
?.—
~L~
J—
406,150
>
Total-
^
318,000
273,670
29,371,600
1,673,823,600
1,242.000
Foreigif——
Railroadftindustrial—
23,808,000
,
r
Domestic
79,360,500
$2,Q44,000
$25,164,800
—
$30,674,600 $1,747,752,910 $1,999,483,000
(I
'
~
.
r
r-m
gr- ■ ^
r"~r
r:
■
$93,006^
567,0(to!
-
738,00(1^
339,00C|:
"Tv
Jan. 1 to Sept.
Sept. 14
1944
••
$2,542,00$?'
$131,000
•;/ 1945
967,535
76,958,828
/•»■"»
$2,422,000
165,000
131,000
66,000
$98,053,000 $128,800,500
25,993.000'.
7,622,000
902,000
992,00Q
.
;
*-••.»•>
—
7--
$2,542,000
rr
$2,653,000 $124,9.48,000 $137,414,5(
-i..'
*
are the daily closing
averages- of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
-Stocka-
-Bonds
A 10
/>:•;
30
.Vi-
w
-
Indua-
Date-*
*
September
„
8—
September 10—-
September 11-
September -12_i—_
September 13——
Septemberl4—„
trials
20
^
RaU-
'l
u
»
Utili-
Total
roadt
Stock*
176.99
55.22
33.65
65.10
177.03
55.86
33.70
177.77
56.16 *-i4 33.74 v
-178;98-^
178.59
--
177(74
56.41
57.17
33.81
^
/
57.27
'
s...
?
trial*
Firal
^
106.36
113.62
106:2fr». 1113.56
106.30
65.90
106.129-
108.07
113.49
113.46"
105.72
Commercial National Bank ft
Morgan (J P) ft Co
108.10
105.77
108.14
105.69
Total
40
tie*
106.25 >11336 t
66.14
15
Chemical Bank ft Trust——10'
4
95.00
rr
v
94.81
'
:
Brooklyn Trust
10
Utill*
94.84
65.59 '/
65.96
-
Bond*
10
#RaiI* J,
113.67
Grace National
Guaranty Trust
Irving Trust ——
——10
—100
Kings County Trust
Lawyers Trust-—
25
Manufactures Trust Co com—20
Bankers Trust
Orpd*
106.31
Pulton
Bank of the Manhattan Co.—10
Bank of New York—i
100
in
/Second
•*<
Grade
65.32
33.86
33.78
10»u
Indus*
65
>
94.75-/-
:
108.1410§.68
" 105.73
95.11 z: 108.01
95716 ~'lp7.'88
105T70"
—:
-10
100
Central Hanover Bank ft Trust 20
Chase National
Trust, Co
s<
.
Below
on
14:.
39444'''
49,287,2#
Stock And Bond Averages
listed
Barik
——
Continental Bar.k
;
436,00$
1,000
46,000
369,00® r
$367,000
3.67JOOO
rr-
/':///"
~
rotal\±
$2,000 ^
25,000
57"660
24,000"*
$2,044,000
'-
Tota
Value)
Foreign
Corporate
*
51,000:
1,827,445
Foreign governments
Foreign corporate
1,915,406.100
..
Total——
■I-;
258,000
Stocks—No. of shares
*"W
$73/000
106,000"
1945
.$4,716,400
' r
336,000
Week Ended
189,047,060
$5^114,250
68,815,060
.
$2,000 85,000 "
99,000
886,000
363,465
-
253,306,718
3,644,565
'
-.+ :*■
$114,800
//
:
Bonds
U. S. Government.
:/'
,1,827,445
(
/ > 1944
1,230^)00
6,159,420
Bonds- ■>/.
1944
6% July
' »•'
Government i
$89,000
■
Stocks—No. of shares—.
>
Bonds (Par
Foreign»/
.
325,705
319,540
Friday
$25,164,800
Jan. 1 to
Stocks
i—•
Saturday.;—L
5,412,000
$114,800
y Ex-rlghto.
x-Ex-dlvldends.
Domestic
14,1945
•
6,159,420
3% Jan
Monday^.——-—»—
•
?-v
Total
33% Jan
11
Shares)
Week Ended Sept.
8,000 "s, 5,813,000
34,300 ,,' T 4,476,300
.
r.
or
36,500 ; /) 4,308,500 /
;.
15
(Number
Sales
16,000
„
242,000
4,168,000
.
Feb
12% Jun
42
Daily, Weekly and Yearly
f
$4,000 d $1,400,000
16,000
3,755,000
f
v
295,000
wdWhen distributed.
.*"' ■//'
Government
389,320
—
Wednesday—i
Specie! sales.
r
1,111,420
Tuesday—
•
Total
Bond*
>
rCaah tele.
Corp.
/
Foreign
Bonds
Shares "
Zonite Products
34% July 26
5% Jan
2
jVO:''fi0F;;
Zenith Radio Corp—
Transactions al the New York ICurfr Exchange
Exchange
Railroad
Number ol
1,200
17,200
n New Stock.
United States
Stocks,
,
37%
10%
'
20
ft Trust-—10 /
Cord Exchange Bank ft Trust-20
Empire Trust
^
i.50'
Fiduciary Trust
First National Eank—
.1001,820
51"
24%
Mop
45
60%
Ind—*-100 295
National City Bank—
12 % >43
25 .101
New York Trust——
Bank ft Trust—17%
46%
58%
Public Nat'!
95" "
Sterling National—Z 78 %
Title' Guarantee tt' Trust—-12 ' 12 %
United States Trust—
100 1^495
35%'
1,880
„
44%, Oct--"
20% Jan
/
125
.24,
.
J:
i) 19%
%
/
Jbiy
11%
Pv 8 '""'Jan
123,
»,
'7 9% Apr^-
*
'
20% Jun
24
•
Feb
6
80%. Sep 12
22
"
24- -I, Jan
> 4% Jan
Aug 28
93
■
i
'"*29%
Feb
"
48% Jun
,
9
Jan
13
8
31
;:
nip*/"
.
""
l8>/4 Sep io
132 Va May 24
:
Jan 24
69% Mar
>
/>
Dee
'
;
x64% Jan
6
uly^-*pee
Jan / :"'*:v97/8.uiy
87% get
5 "
/
iU03%July,12;
30
Jan
>
Aug 29
10% Jun
80 P Jan p 5
,75..
"
a.'
•
•
Pee
*
JFeb (
20 '
-v
15
p 26%>Jun 25
2 ;V
97%. Jan
13%-Jan
p79
pa* -T!
2,800
Mar 26
Jun
94
,
22% Jan
6
•40% Jan 24 V,.,
38 p Jan 15 v/
10
—
Woo.lworth. (F Wl Co
—rlQ
Worthlngton Ps-U fDell--_No por
Prior pfd 4%% series
-100
Prior pfd 4%% Conv series—100
..Wright Aeronautical
No par
'Wml
Jan
Motors-—-—1.; P16%
Wilson St Co Inc^
^Wilson-Jones
83% Jan 15
,-6% Mar 26
Wilcox Oil Co.
Willys-Overland
/
1.600
-
i—
White Sewing Mach Corp——r—1 : ;
•
U—^7*
>
107%
•
20% Feb
66% Jan
>
98%Sep- 11
*■
■
.
111
Jan ;
105 %
>v
'(
36 Vb
25% Jan
r
26% Feb 15
•
iPei&»
31%
—•
•
July*
53%
31% Jiiir
:
fi?r\
5 T 101% May
78 f Feb 19
; 59% Feb
107% Jan 15
97% Jan
•v
24
21% Jan
/
.A'O.
V 110% Aprit-'
66% 7 tee**
J
Dec
29% Dec
July 23 ; 113'/a Jan 17
31% Jan 24
6% J ilj
31% wee
>•
41 "f" Feb""/
22% Jan
21 " Apr' "
.
Sep/ 8
•
)ec
iey4 Jdy
Jan"/
7%
( Jun 27
50'/sr May 29
29%r May 25
.
\
37% >1 »ee
26% Apr
3% Jan
.«
92
'■*
110
*
Jun
L
28
::
Jun
' {
118% 'Sap,
29% Dec
% Aug 21
26V4. Jan
103
57% July 10
,2 ;
64 >/4 Jan ,2
;
■
;
4% Jan 22 t 14% Jun 18
13%Feb,2 I 37%,Jon 18
.
113
85% Apr
P
102%
96% Feb"
113% Apr
-Apr 16
31% Jun 26 " ' 16% Jan
103
Feb
30
30% Jan
28
83
109% Sep 13
{113
13
85%
Jaii *
77
118
10
32% Jan
,
No per
—
Jan
25% Jun.-*.
*
Sep 11
July 13
17% Mar 27
series A—L-—lj- 100;
White Motor Ca_.
',
24.000
•
X30y2
47% / 477/8
p
92
*90
82
:
'
47-%--4S%
57 >— 57%
Jan
22% Jan
4
34 y« Jun
8
113% Sep
.
"> 100
*132y2
7
V
48
-v.
—
5T% .* 57%
,
P.
31. -r
31
47
'
% 93.%
•
*132%-
*132%
30%
"47.%
46%
22% pec
31% Pee
2
28
•
t
;
*
jio
■"18%^'/^4^P'18'%;f'i"N;;18%'P18%"Ppy
18 7
,.18%
*132%
P_P
4,500
2,300
:
,
-
18'
-
25
15y4Apr
'J,
^
34%^^38^M%%'pV*33%:^34%'a./
P /
22% Apr"
"23
'
"p:-8% V>8%>>
8% - "9^P'^-/'!8%"%'-9"CP/22% >•'23ya"*.wi' w22%^ 23%f ■ ■»
1
16 p
16% •
15% '16%
p
15%>-16
P.
100% 100%"'. t *100% ioov2
.' 100% 'ioo%; f '
100-
/. 93^^.?
-
;. *33
34%
'8%
22% : 23%
16% .16%
'
19
Feb
87
22% Mar 21
.
35 P
.14%
.
88%:% '89%
*33
'
P
8%
..
,
/Wheeling steel Corp.
—No par :,.
$5" conv prior pref-—l—No par
t
White Dental Mfg (The S 8)—20
97% ;
25% Ps
97%-.
25% •*'?
•"'35^-1 P3»n>-Ji35%^V'siP:34%:I.35'pi
14% -//
- -14% • ■
14 --f.% 14 %
"r *88 /* -90 - •
' *89%' 90 ^
>>88',;k 90
34%
-
i4%ra4%
-
Preferred
.2
1—-No pard7/ 105 .Aug 23
64
"Jan 19
Wheeling & Lake Erie Ry
100
5% % copv preferred.—.——100 J 101% Aug 21
,
"P
f ^9% >40
:98.
*25y4'
";
34
•
.
34»/4
,.
8%
57%
.
•103Va "104 Pp.:
41%I
*25 %
33% Sep/
39% Feb
i
Air
Westvaco Chlorine Prod
'
76
liy2 Mar
Jan,
101*
-—_——100
4%%;pfd——loo
:rf 84.50: preferred
P
$4:25 preferred
-
1
*73%
28
24% Feb 2 J
110
-"
.
?,v
iosy*-
Jan
"11%* Apr"
22% Feb
Aug 30
117
Westingbouse Electric Cprp
50
Pfeferred;
—U—;J12%:yj:
Weston Elec Instrument'——-12.50 : i
■
.
;Ps
% S
45
Aug 24
Aug
8
8
,
37pp. :
35%
l%*Feb>
l
25
41
20
2
100% Jan
..
,
35%X36>/4 P.
-43%:, 43%
-
43 %r
•
*165 %
-
.
.
80
"...
80
>
u: *18%'
j
90..V
*91%
*91%
82
,
?'
.
...
93%
82
105y4
*
36 y2 '
73%
.P.,.*29% " 30
47
P. 47%
*90 H? 93%
rj''i
108 y8
105%
*132% P
47% •>
*91
'V
18% Jun
Jan
8
18
17
Jun-22
'
Western Union Teleg class A-No par ;
»' Class B...—-No par t,
; Westingbouse Air BrakeT
..No par
30% p
'34 V..; 34%
-
'
-,
18.'.
30%.
47%"
io&y»
103 >/*
15%
."
-
„
,
*29%
P
34%
i
26
46%;.,47 p;P
85% >,86%
48%P 49%'.!
-
,
109% Jan 26
„
Lines, Inc*
_•
i t
Western Auto Supply Co-.——-10 /
Western Maryland Ry-.
100
4% non-bum; 2nd preferred—100 4
Western Pacific RR Co com—No par;
"Western
"9%
>
Jun
2% Apr
70
Mar 26
6% rpreferred-ifc?—;^*^p;-^100'*'.-V'' 106
c
47%
,
9%
p;
30%
36%
37
*34%
73%
22%
I.-
*29%l
\i
ii
P
104 %
15
:
-•'•
*132%:-
f
>43%
43%
35
34%
:
25% P
-34%
-
•
*18" V' 18%./;
!
43%-
47%
t
26-r
47%.
36%
105%
35%
*88
23%"
A
36% h
108%
'
8%t.
15%'- 16
P
*70%
14%
*99-%': 100 %••
i
43%
35%
v,
34%
,
34%-
.w.
35
*103%
40% -p., V 39%
39%"
*33,.
-
300
>
Feb
?y4 Jan
*
-West Va Pulp « Pap Co——Noypar
3.000
24%
J
preferred-:
....
-
90 .:.
ii
-
'/•
6%
west Perm Power
:
24
:
i80
,160
lloy*\
'
«
26%
-
*29%
-.34'%
34%
■66%p:97PPi;
*88
30 Vi
*•
•
86 +".~ 87 % "
49% -50 P-
p.
50 p/Vi,.
*106%
'
:
>83%
*108%
/
73%
.
-
46%
24
.
48
108% Not
Nov
17% Jan
-14
>
84% Apr 12
23% Mar 26
'
?
103%
*25J/4
35
; 35
14%?-14%
M
: 25%
34%,
36%
43%
34%-
*70%
25 i25
|j
! (
34%
25%
108%.
103%
,JL
97
>
•
36J/4
33%
>
165%. 105 y8
39 % ;
97
86 y2
49%
*29
30%
v,
47%: fc:
47%
w,
34 y4
43%
108%
10$%a08%:-:
*105%"; 106% '(
f*29
35%
*34
/
:.\)
| | *39%l
.
49
*25%" 25Vi''
.
87.%
48
-
34%
36 p" ,r
42%
,
87
:
,
35%
43
,
'
29%
34%-*
;
*34%*; 35%.
*33%
34%
i,
"
48
47%
iU
'25%
.»
{
115%
*109:
l
25% " 25%
108y*
p;p".i3o%pjo^-;p;
31
:/ f
26%'
*25%
108^
*114%
-
ii5y2
47i *
110%
*109
»
30%
30%, .;
30
vi
•
*105
Deet-^
■
"
8.500
;
•'
Dec
-jiec_
10
24
15
'
14%
31 y4
24
30% Jan ^3
9
May 10
r
200;
V-.
24% Jan
1—1
Inc_.
Jan
13% Sep
%5-
68
Jan
10%
26V* Apr
;
20% Feb
Mar 26
20 '
4
9,?00
^
*115% 116
-
109 %. 109%-
108
■.
114
30
1} *109 :
*46
ehdjre
"
2.700
-
32%
-
p *108-112
Waukesha Motor Co_
2,400
10y4
-
'32%
•
112
*116
-
•
114;
*107
114
*24"
I per
40
21
.
29% Apr>, 9
14% Aug 21
*
^Warren" Petroleum Corpi____i__»._5 p,
/Washington Gas Lt Co-i
No par
,
2.200
> 32,
; p 87 ;
P *86
•
32%
32
.
v
116
>
13 '
Jun
35
2
57% Jan
'
.
f
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9 per enare
May 8
110% Apr
6
72
Apr 27
Aug 21
9% Jan i*2
No par
■4 Warner; Bros Pictures—
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t Warren, Pdy & Pipe
1—No; por
1.300
^
.
.
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32
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1,000
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.
28
21,500
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23%
38%
,
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86%
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33%
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,
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23%
38%
38 y*
33
39%..
18'%
23%
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•86%;, 87.,
;
31%
31%,;-
•
•
28
38 \
38% IS:.
18
17%
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i
18%
28
32%/ 33
32%il; 32%"
17%':
40
23%
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28
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38%
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||
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9%
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v
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is
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V
19 V.;;'
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Year 1944
"Lowest
16% Mar 10
19% Apr 16
8% Jan* 2
par
No par
—t-—,—-50
$7- preferred.
>
77
v
61% Mar 27
No par
No
i
24
105
G & W——No par
preferred J
2
10
30 '/a Jan
.-100
Walwortn Co
Jan
13% Jan
66
100
So par
No par
(Hiram)
200
13%
12%
'
1%
66%
65%
20
preferred
Waldorf-System
/Walgreen CoP
4 % preferred
19 y4
.
12%
12% P 12%
-
2
1%
2
65-
-
,
,71%
4
•13-
13%-
2,100
111
/; 71%
72
•
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-
34%
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Wabash RR 4%%
300
•
■
17%
'39
p-
;
Lowest
Par
'
'
Range Since January 1
EXCHANGE
Share* p
16
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111
13 y«-
67
16
34%
19% ?
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67
16
72
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.
in
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109
1081%
'19
67%
:
i
NEW YORK
the Week
w
67%
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■
.
STOCKS
Sale* for
Friday
Sep. 14
r,.
Sep. 13 "J
v;
RECORD
■
:
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■
y
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67%
r
Thursday
Wednesday
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«
Stock Exchange
Bond Record «» New York
FRIDAY
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1300
YEARLY
-
Of
k
«.
"Interest Period" Indicate In
the column headed
The italic letters In
.« astL&s
each case the month when tt»# *ond# mature-
Last
Interest
Exchange
s.
u.
3%s
Treajtury 3 Via
Treasury 3 Vis
Treasury 3s
3s
Treasury 2%s_~.
Treasury
2%s
Treasury
.
Treasury
Treasury 2Vis
Treasury 2Vis
2Vis
2Vis
2%s
2Vis
2Vis
2Vis
2 lis
?%s
2 lis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
—•
...
-
;
Treasury 2Vis
2Vi8
2 Vis
2 Vis
2 Vis
2 Vis—
2s^......
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury 2s
...1959-1962
1947
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
1950-1952
1951-1953
1951-1955
June 15 1952-1954
—Dec 15 1952-1954
..1953-1955
Dec
Treasury 2s.........
—Jun
Treasury 2s
Sep
Treasury 2s
Dec
Treasury 2s
March
Treasury 2s
Sept
Treasury 2s
2s
Treasury
Treasury 2s
2s .....
Treasury 2s
Treasury l%s
Treasury
*
•
June 15 1941
,.1950
lVi»
Treasury
3Vis
Series
No.
103.27
3 Vis
Series
No.
16..
102.4
103.20
3 Vis
Series
No.
17.—.-——
108.25
3Vis
Series
No.
101.28
103.19
3Vis
Series
No.
110.24
111.4
111.27
3Vis
Series
No.
20
112.17
114
3 Via
Series
No.
21
ell3
elOO
103.19
100.6
101.17
3 Vis
Series
No.
22
105.14
106.11
3 Vis
Series
No.
23
108.27
110.15
3Vis
Series
No.
24
m-s
*112.22
112.24
112.10 113.7
3Vis
Series
No.
25
j-d
*113.7
113.9
112.21 113.27
3 Vis
Series
No.
26
114.19
3 Vis
Series
No.
27——
3 Vis
Series
No.
28—
3 Vis
Series
No.
Series
No.
Brisbane
(City)
113.2
113.3
60
100.18
i,
*106.29
106.31
•105.22
105.24
105.19
105.21
Sinking fund gold 5s—
.1958
F-A
107.7
107.1
107.1
Sinking
.1950
107.25
*102^24
102.26
100.23 103.4
*101.28
__
—
101.30
100.18 102.17
A 6s
101.18
32
100.17 102.9
External
101.14
4
'
j-d
m-8
101.7
j-d :
100.10
100.18
.1961
t 4Ve-4%s
100.30 105.17
107.26
.1975
.1960
.1961
j-j
.1967
j-j
.1968
M-N
3 Vis
s
100.15
100.15
100.15
101.12
3s
Jan
15
1953
j-j
102.26
102.26
102.26
103.28
3s
—Jan
15
1958
j-j
*102.3
102.5
102.9
102.9
.1954
j-j
*103.24
103.26
104.24 104.24
.1842
102.17
102.20
1942
M-N
19%
19%
*102.17
102.19
A-0
20
102.20
.1960
A-O
19%
19%
*102.18
102.20
102.21
103.2
*102.24
102.26
102.10
103
M-S
__
1
j-d
'
—
M-S
__
M-S
■
M-S
*
*102.28
j-d
*105.31
—
j-d
101.5
*
A
103.3
6s
a 6s
101.9
101.23
100.26
36
101.10
J-D
116
116
112%
90
117 %
F-A
W
F-A
—Jan
1961
.1962
fund~6sl—7
1948
A-O
6%s__7
1968
j-j
1945
71%
1957
j -j
•82
90
79
•mmm
36%
3
35
38
36%
2
35
38
'''
i
8
t 7s series C
1945'
j-j
36%
36%
1
34
s
f 7s series D
1945
J-J
36'A
36
36%
5
34
37%
37%
1957
a-0
30%
30%
30%
1
30
33
AExternal sec s f 7s 2d series—1957
a-0
30
33%
f 7s 3rd serles__1957
a-0
30
33%
AExternal
sec
s
series
1st
(City) external 5s
1958
(National Government)—
external 4Vis
1948
AAntwerp
*30
r33 Vi
30%
1961
6s
1961
r33% r33%
J-D
96
1
96
86 Va
2
1962
M-N
1960
1960
8 1
;•••■.
8
f conv
loan .4Vis
8
f extl conv loan 4s Feb
8
f extl conv loan 4s Apr
Australia
(Commonw'lth)
External
/'
5s
of
1927.
1971
1972
1972
5s of '25.1959
1957
102% 102%
M-N
100%
F- A
96
28
95%
24
14
99%
102% 102 %
3
s
f 6s
1959
s
f 7s
1959
J-D
(ABrazll (U 8 of) external 8s
1941
Vi Stamped pursuant to Plan A
*,'■■■ (Int reduced to 3.5%)
..1978
99% 100%
1951
-o-: •>
J-D
A-0
—
109
.-
(Int reducea to 3.375% >..^.1979
{AExternal
;
"
s f b%s of 1927
XStamped pursuant
X,.
(Int reducea to
,A7s (Central Ry)
stamped pursuant
X,
(Int reduced to
"%%
■—
67%
•
J-D
1978
Series
No.
8erl»s
No.
No.
3-
Xv3%s Series
60
3%s
-
Series
3
102%
105%
59%
.73%
2
...57%
v
71
1
52
-
i.
73%
54
69%
__
52
66
15
52
68
1
No.
..
1}
■
No.
62%
.
*62Ve
9..JL..
10
No.
Series
No.
52
68
52
1947
14
JF.T footnotes see page 1304.
F-A
j-d
'
46%
,
68%
60
—
53
X 75%
64
3
M-N
82
84"
32
j-d
1945
j-d
ser A.1951
A-O
1952
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23
.
14
^
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101
F-A
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-1940
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X
•
20
X,
.
115Va
74
96
115
81%
15
80
99 Vi
92%
22
77
95%
*101%
Xi
—
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101'A
100%
II
::
101 Yz
*101% 102%
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M-S
X
100/
102
j-d
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unstamped
part
part
paid
paid
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s
f 5s
Irrigation—
to
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'
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1
52 X
76
60
2
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60
,
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X
J
75%
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1
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;
13
•
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9
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39
18
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20
.
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95
,
-
—
•
■
15%
-
14%
:
1942,
agree
82%
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—
.
60i/e
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60%
:A/;-x
51%
66
12
51%
68
XX XXX X
.
.
90 Vi
-
12%
30
34Vi
95
94
14%
12%
12%:
101/4
11%
-
27
301/4
*121/4
*10% -14%---,
For financial Institutions
FOREIGN
.
SECURITIES
r*-ABL MARES & P.O. Ma (
FOBEIGN SECURITIES SPECIALISTS
50 Broad St. New York 4.
-
51% ,66%
-
23%
100% 102
-:- -
21
i>
'
25
100
96
.
100%..".-
-
■
5.
16
98
99%
-1954
assented
Nov.
17%
A-0
I
5
60
106% 108
„
171/8
20
..1958
(State. Mtge Bk) 7s_ —1957
stamped
*50'A
.
;
(Colombia) eyas
(Prov) 4s readjusted
-
mdmm
"
'
FIRM TRADING MARKETS
;
101 Vi
101%
—
—
*101%
A-0
j-j
(Republic of)
,
XT; X
99
99%
*101%
~
A-0
1949
160'/a
72
„
M-S"'
.1949
154
v
92
—
A-O
115
.
98 Vi
99
M-8:
A-0
112%
110
1
"
1955
110
105%
J.
*98% 111
95%
.
,
..,413A
•
108
—
101
89%
70.
^
*160
—
50
50
31%
*112% 114
„
'
''
110% 110%
•
j-j
1942
__
*99%
F-A
1962
fund
42
32
*110
j-j
58%
'49%
X: 12
M-8
1953
%
51%
*75%
•..
1
87%
41%
72
—
75%
60
46%
87%
—
41%
'
77%
X 77%
48%
XX
*» >-
M-N
1949
sink
■
-
1949
5 Vis
69
85
■
-1951
1977
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5
x
68%
•'>-
67%XiXX
52
64
*75%
'
...
11
-3%s Series No. 13
3Vis
2
11
64
__
12
.
62%
62%
*75%
—
39%
6
i
62
.
-Xi%s Series
63%
72
62 »/4
■—
■
J-/4S Series
j3%s {series wo.
No.
'
*-<• 3%s Series No.
*42
X
*42
debt
!
__
—
8
Series
A-0
M-N
1953
:h-
-
/•r
■ 1
.
7_.
Series
77%
53%
77
.
-1952
68%
52
62%
—
.
26
"7
39%
76
18
66
59%
'
A-0
No.
3%s
77%
52%
39 Ve
18%
18%
16'/a
18
71%
52
70
62%
*62%
3%s
.."
*16
v.«*
•
62%
18%
17%
66
57%
-
J-D*
18%
17%
ft •
4
19
18%
181/s
17%
~6
77%
4'/2s
A Assented
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••
18%
1
17%
"7
18%
53Va
loan
Mexican
'
18 Va
A-0
external
Mendoza
1-
18
4
18%
.
1946
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;x|x
X
17 >A
tm*.
17%
18%
1947
5s
A Jugoslavia
69%
•
66
*69
;!-■ -ri'
62
No.
(City)
Irish Free State extl
si
'V
18%
—
j-j
(Republic) s f 6s series A- ..1952
Helsingfors (City) ext 6Visi_„. —I960
.
19%
18
1981
-1967
A 6s
■.
..
18%
j-d
Haiti
\
"2
19%
19%
'
i,
1970
bonds—
'"■f
109%
*
18%
18%
--
—1
Jan
f $
s
1'X, x-x
104%: ^x
100%
60
'v"
No.
Series
19
•
18%
*18
A-0
.1969
a 7s
t
67%
-
imm,'
1
8eries
.
r
67%
•
No.
3%s
18
i6
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•
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53 f
67%
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1979
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s
.
r
A-0
.1952
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.
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I
■
1
63%
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'
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69%
V'X
A-0
to Plan A .
3.375% ).._.1979
Stamped pursuant to Plan A
rf.
1957
19%
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■fc:
■
99
100%
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fK'.
■
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:
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"
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::
1
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19%
17%.
1981
Oct
7s—
7s
107%
100
42
104% 104%
J-J
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100%
•
99%
90%
1051/2
M-S
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ii
18%.
19%; '■■is 37
193/e
•:
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of)—
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(Republic of) 5s of 1914
AEstonla
101%
00
95
-
:
M-N
95
105
.
105%
MS
100% 103
3
34
100%
95
•••
r
x
1958
100-
,96
A-O
j-j
1949
External g 4Vis of 1928
Belgium external 6 lis
17%
*
M-N
;
19%
19%
19%
MS
Mtge Bank 6V,s
1st
17%
MS
777
1927-
5 Vis 2d
20
6
M-N
1962
(Hukuang Ry) s*
of
51/26
19%
I8V2'
^
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19%
A-0
6s7Z777
1928
.105%
Argentine
■
A-0
Customs Admin 5Vis 2d series-. -1961
jf
?i
18%
j-d
1981
(Republic
of
series
22I/8
17%
19%
'
Chilean Cons Munlc 7s
A 7s. assented——
?A2d
19 Vi
18%:
—
23
.
'
lADominican Rep Cust Ad 5l/28_. -1942
5 A 1st series 5Vis of 1926
-1940
i
■
17%
19%
j-d
External gold 4Vis
I
20
18
19%
j-d
IA Denmark 20-year extl 6s
External gold 5'/aS
82
.
36'A
36
361/4
—
19%
18 V2
X 19%
19%
j-d
ASlnking fund 8s series B
'
it..
M-S
1945
62%
l
68%
20
17%
1
19%
19%
M-N
1961
-
ACzechoslovakia
71%
70
26
22
19%
.V
36
18 Vi
M-N
.1957
25-vear gold 4%s
61
68%
.1963
.1963
assented
A Public
*62
*— ""
'
A-0
A 6s assented—.
external
69
>
A-0
.1962
Sinking fund 5Vas
f-A
105»/2
19%
MS
__
Guaranteed sink fund
Cuba
103 »/2
MS
Sep 1961
Sep 1961
ACosta
1-1693
105%
4
'
Mortgage Bank
Copenhagen
Teletype
103%
X *19%
j-j
Ae'/as assented
ASlnking fund 6Vis__
A6Vis assented
i.;
Chinese
—
j-j
1961
assented
A6s
NY
102%
3
*45
19 Vi
sinking fund 6s__
A 6s
Broadway, New York
106%
101%
19%
1961
—Jan
AExternal sinking
a 6s assented
3s
1061/4
102%
18%
1961
A6s assented
122
3
102%
:
—
„~Feb
f 6s.
s
^
AExternal sinking fund 6s
101.5
•
Feb
assented
AExtl
103.6
6sl
assented
ARy external
100.13
101.18
101.4
I
t 7s
s
AExternal sinking fund
a 6s assented
AExtl sinking fund 6s
106.1
*101.16
External
^7s assented
A 6s
102.26 102.26
j-d
102.27
103% 104
*104V8 104%
*101% 102
-r—
'
(City) 8s
(Rep)
10o".17 10375
e102.26 el02.26 102.27
j-d
AChile
103.4
./■-XX
j-d
100.25
102.30
*103.2
j-d
f 7s series B
t 7s
108%
20
*102.18
10~1~29 10374
1960
106 Va
'
3s
ACarlsbad
A External
AExternal s
5
.
M-N
*102.15
111%
103% 1041/4
104
76
109 y4
103% 103%
AExternal
•
;
107% 107'A
j-j
3s
961/2
12
HOVi 111
.
.
63
1948
(Colombia)—
1947
4s
95
83
15
Municipal
(Dept) coll 7s A
80%
6
77
Jap
Members New York Stock Exchange
(King of Norway)
6
93%
2%s
External
AExternal
94
*68
104.9
4'/2s
AAntloquia
94%
93%
93 %
X:'
94 y8
94
A-0
95
80%
100.27
—
103%
•
8oya
104.10
j-d
101 Va
102%
5
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90
103.28
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97 y2
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108
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;
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95
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.
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A
52
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,+
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»
120
•
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s
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Telephone
51%
(Province of)—
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107.8
106.22
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68
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M-S
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6s
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s
fund
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v
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ms
Mar 1948-1950
—
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1949-1953
1950-1952
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1956-1958
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! 1.63-1988
June 1964-1969
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1965-1970
—-.1966-1971
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-—1951-1953
1952-1955
1954-1956
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M-S
—
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107.13
101.31
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Low
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(Continued)
bonds
%
*101.26
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1948-1951
2%s—————1951-1954
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.. ,.,1956-1959
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A'O
..-.-1947-1951
1946-1958
1946-1949
1949-1952
1S46-1948
1951-1955
1955-1960
1945-1947
Treasury
Low
Week's Range
or Friday's
Last
Sale Price
Period
January I
No.
Low
High
G«rerinfil
Treasury dyet,.,
Sold
Interest
New York Stock Exchange
Range Since
Bonds
Bid A Asked
Sale Price
Period
Friday
BONDS;
Week's Range
or Friday's
Friday
BONOS
New York stock
:
ENDING SEPTEMBER 14
RANGE FOB WEEK
Telephone HAnover 2-0050
N. Y.!
Teletype N. Y. 1-971
..
Volume
Number 4421
162
CHRONICLE
THE COMMERCIAL & FINANCIAL
1301
YORK BOND RECORD
NEW
"
range
BONDS
New
York
Stock
--v."-1
Friday
Interest
Exchange
;;;£
Week's Range
Last
or
Sale Price
Period
'
'
-
.
,
Mexico—(Continued)—
;
.
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(USj
extl
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!
,
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if
to
1942,
1942,
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1961
of)
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loan
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1946)
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For
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see
due
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%
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■;
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1987
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r'
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v
mtge 5s
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4
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;
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—Nov 1945
§ AConsol gold 5s
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1959
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__
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»
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page.1304.
perpetual-
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•
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debs
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tlACarolina Central 1st gtd 4s—..1949
Certificates of deposit
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1965
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ioo
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(HI)—
'...
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series A
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'
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88
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..
1962
I
1951
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1980
...
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debentures
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104
—
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—1949
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Can Pac Ry 4% deb stk
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89
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;
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13
;
'
22
105
---
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'
.
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1975
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.1998
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gold
g6ld 4%s..——1956
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.
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1972
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—.1948
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91
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'
.
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assented—.
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—
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1948
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Chem
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.
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.
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•
14
1968
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1970
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x
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—
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1958
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--
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*
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/
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:
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y
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1969
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.
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•
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1959
1960
July 1970
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1955
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—1950
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379
81%
to
—
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J-D
1st
'40%
42%
—
—
J-J
,_1950
extl
107% |
66%
A-O
1st
48%
90%
43%
*41%
'
;
99%
145
-
-1951
4s s f debentures——
1938
8s__
external..
V?' 30
a-o
40%
39%
36
39%
93
M-N
"". Stamped pursuant to Plan A
7 7
(Int reduced to 2.5%).
s.1999
A 8s
.
98 ya
:
(int at 1%
F
ser
Boston ft Maine
'
'
93
—
Stamped pursuant to Plan a
;
/
(Int. reduced to 2% )
...2012
I ASan
106%:;
.75% ' 79%
102%
(int at 1%%
due_
..1995
V-
•
98 ys
V
s
2.375% ).__2001
to
36
~
__
o_
M-S
M-N
fund 4s
*
*437/a
.
;_1964
8s———.1952
(City)
50
46%
105 y4
70
102% 103%
>'97%
>
.
2.25%)__—2004
sink
.
J-D
.
'
Paulo
102
*
102% i02%
102%
97%
A
Stamped pursuant to Plan A
(Int
A-O
M-N
49%
Fe externa)
M-S
67%
42%
39%
§ASan
4
37%
103% 103%
1st M 5s series IX..—.........1955
35
Santa
35
37%
Bell Telephone of Pa 5s series C_—1960
Beneficial Indus Loan 2y«s—
1950
45%
A
42
reduced
3
109%
43
Beech Creek Extension 1st 3%s__—1951
50
municipal
". 16
44
62%
54
*44 Va
(int
J-J
43
67%
V '45
.
*36
A7s
•
.
4s
M-N
i
:44
A-O
Bangor .ft Aroostook RR—
Con ref 4s
3 d
\" 7,-'
J-J:
f-a
40
1968
to
109%!
96%
to
Toledo Cin Dlv ref 4« A—
F-A
2012
pursuant
104%
113
.
'
Sep 1 1946) due
1990
,5 ACOnv due
——Feb 11960
Pgh L E ft W Va System— >
Ref gold 4s extended to
1951
'>8'west Div 1st M (int at 3%%
; ;•
y to Jan 1 1947) due..—.^..1950
(Int reduced to 2% )
Stamped
107%
120
106 va 107'A
105% 105%
79
.
A7s external loan of 1926
/
,
104%
105% 106 va
107
m-b
Ref ft gen
•
50
41
47%
1999
fund gold__.
to
i
105 v/a
A
2.5% ).-
pursuant
110%
i
J-D
78%
A
Plan
to
to
47%
f-a
1946
pursuant
reduced
A 6s external sink
109
=
—
2000
.
extl loan of 1921
Stamped
,
1
Plan
to
(State of)—
111%
M-S
m-n
J-D:
due—
Sep 1 1946)
.
101% 104%
>
a-o
1953
(Int reduced to 2% )__:—..2012-
Rio Grande do Sul
110%
*
;V"-15
*104 Va 104%,.
a-o
•
2001
6Vis
♦110JS
af-s
"
■
(Int reduced to 2.375%)
sec
f-a
„1946
Stamped pursuant to Plan a
-
AExternal
111
lo
;;
110% 110%
j
1995
(int at 1 <f»
due
Ref ft gen ser D
j-j
___r_194!i
of>
124
110%
—
> VI
?
Queensland
123
117r
.......
2006
(City of Greater) 7Vis—1952
"
133%
115%
~5
—
118
RR—
/Ref ft gen ser A
«
47
41
t
ft
Ref ft gen
;
vi
41
,
46%
.
*
;
127%
-v.:
mtge gold 4s
.July 1948
Stamped modified bonds—
1st mtge gold (int at 4%'to
Oct 1 1946) due
—-July 1948
Dec
<
,—1948
1948
—1953
1st
30% i
a4%;
.
*
*118'
»110i?
J-D
V>)-'V
Baltimore
30%
v
High
50
B
27% ?
34% >
.16.
13
*45 Vi
2001
2.25%).
34'/a
.24%,, .24%
•
I
,
Low
No.
J-D
25% i
14%
32
24%
deb 3s
-iV
.
January 1
Sold
.
High
118
J-D
f
25 y8
.34'/a
j-/)
,__1968
[ Stamped pursuant to Plan A
;
24%
".5
/•
,
•
n-,.
AExternal.loan 7Vis
i
-
.
52
*33
j-j.
..1961-
Plan
.26
i
24% (
18%
;;23%
•
j-j
1963
(City of) 8s
pursuant
18 Va
23%
; .23%
1
Stamped
;19%
*4%
a-O
„__1968
sink fund
AExternal
-
41
•
22 r
21%
a-O
Atlantic Refining
40% 1
140
26,-0
a-O
j 38%
Range Binee
Bonds
Friday's
127% 129
7
k
1946
Ry—
—1963
.July 1952
!
1964
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
47
22 Va
25
..21%
21 Va
1940
1958
.A4Vis assented—
APorto Alegre
.
.._1947
6s
f 7s
s
;wvr A4Vis assented—
,
25 va.
21%
A-O
,
Line
3%s„
1st
unified
128
M-N
1960
gold 5s
Charlotfcj
&
General
■iV'l
40
,40
"
M-S
1st
f 6s 2d
s
V-;* A4V2S assented
"•
M-S
or
Bid ft Asked
J-D
4s
—
Atl Knox & Nor
105%
-38%
Last
Nov
gold
4s
'
(Int
.
;
Friday; Week's Range
Sale Price
1995
1995
Atlanta
100
105%
*105%
43%
43%
' '
.'
Bell Teletype—NY 1-310
•
Interest
a-o
}
98% (
<
;
'
;
'
Exchange
Conv gold 4s of 1910—......
90% I
95%
;95-
'
'
1995
Stamped
Conv
f
98% '?
95
.
,..',.*98%
—
100%
98%
I *95
—
-
Topeka & Santa Fe—
Adjustment
loi
:t:
Stock
General 4s__
:r
1
88%
*95
r
jVf-S
.__1947
,
•
Low
{
101%
2
99 Va
?
99
Af-N/V
£ J-d
Exchange
Period
103
100%
*94%,__
i
—
jtf-s
.
99
A-O
m-N
Stock
;
130
97
5
99 Va
-
J-D
-
1967
,
100 v*
ioo y2 ioo %
,
Stamped pursuant to Plan A£.>£>;£
:
:
(State of)
1994
.
ref 3Vis series B„
APernambuco
-i
t
■
1963
.
sec
\
41
97%
12
S.100% 100 Va
; :
sink fund 4Vis
1939.""
(Rep) extl s I os ser .A.1963
AStamped assented 5s__—.;_.1963
*
100% 100%
1956
-
York
New York 6
Telephone—DIgby 4-4933
•
(City;
Ext
47%
125
1958
fund
New
«
]'
1187-120
*120
4Vis_
of)
(Stamp mod 3 Vis ext to_:
•
37
Broadway
61
New York
>125
F-A
A Panama
-
Membert
f
37
*36
-
M-N
1957"
Municipal Bank extl
Oslo
47%
"
•>;
;
.1959
5s
sink
•
-.-1952
38%
38%
"I
43%
£v£
2.125%)
7s
6
42
43%
.43%
.
"
.
*
f
(State)—
(Kingdom
External
22% ;
35 %
44 Vi
*__
-.....-.1959"
f 5s
s
External
Norway
to
(City)
A
-
43%
200S
2.125%)
t OVis__
a
Stamped pursuant to Plan A
j-,
;
A
22%
PFLUGFELDER, BAMPT0N & RUST
17 ya i
*17%
,
43%
■
.
13 Vi j
18V2 <
V
16
J
12 y2
*22%
agree
external s f 6 Vis
(Int
9 V3
18%
:
Reorganization Securities
18
13
(State;—
Stamped pursuant to Plan A
v
Railroad
19 Vi
-
10%
>13% i J. ■
1933
1942,
16
v
11
*18
—
Mlnas
iwf
•
High
18%
7
18
11-
,
1943
assent
13%
—
agree.
1942,
;•lATreasury 6s of 1913
Low
22%
♦16%
11 Vi
,
j.q
5,
Nov.
♦18%
?.
1954
1910
to
14
Range Since i
January 1
Sold
No.
High
>20
:
—
Q-J
agree
___
5,
Nov.
4s of
-miAAssented
Q-J
1943
■
AAssented to Nov. 5.
r!AAssenting 4s of 1904__
>
.
Bid & Asked
september
r
£
ld99
ox
oa
■
ending
i
..
Low
.
week
for
'f
"
126
32
59"
Monday, September 17, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1302_
NEW YORK BOND RECORD
RANGE
SEPTEMBER 14 '
ENDING
WEEK
FOR
*
iiT
BONDS
Interest
Period
Stock Exchange
New York
Last
BONDS
Week's Rang#
Friday
Sale Price
•
Low
NO.
High
Low
3%s
1st ft ref mtge
111 RR—
Chicago ft Eastern
J.AGen mtge inc
High
.'it'
Elec Auto-Lite 2'As debs
19$0
Elgin Joliet St East Ry 3%s
1970
112%
115%
EI Paso & S W 1st 5s
1965
A-O
22
103
106%
1965
A-O
1962
J-J
2015'
J-J
113%
113% 114
103 Vi
103
64%
*
M-N
65%
98 Vi
8
95
J-J
I
72
90% 100
65%
*92Vi
87 Vi
87 Vi
J-/
82 Vi
82 Vi
11
19 Vi
19 Vi
15
19 Vi
/■V
95
22
*19%
J-J
104%
V
108
105
-
*dhic Milw St Paul St Pac RR— ;
pConv adjustment 5s
cago & North Western
!nd
mtge
J-J
.v
Union Station—
1st
Co deb 5s
AChilds
Gulf cons 5s—,—1952
insolidated
series B
92
92 Va
5
99%
5
83%
93
93
♦91
(
i."
—
103
102
■
1097a 110
14
108
10574 106
9
105%
106%
98
1
90%
98'/a
106
99
20
99
£.
11
*112%
*
104 %
i
'
112%
1
81
82
96%
91%
101 Vi
•'
7
—-
—
—
109%
!
1127a 114
23
105%
108%
19
104%
107%
|
102%
107 %
73%
24
102
102 A
83
102
105%
103% 103%
40
103%
106%
108
108%
68
—
109%
i
-
|
|
114
12
116
105%
|
111%
112%
|
105% 107%
102
103%
10
102
105%
|.
5
104%
107%
i'
1
102
105%
I
102
102
61%
9
61%
60%
62
57
74%
58%
75%
M-N
106% 106%
16
106%
108%
M-N
105% 105%
3
4105%
108%
>
.
17
108
108
103
103%
51
,
43
45
103%
110%
50%
61%
61
♦42%
101
50%
I
80
85%
1
<•
extended—1963
106
111%
105% 106
104% 106 Va
-
104
J-J-
J-J
14%
5
102%
104%
7
101%
106
100
J-J.
91
1
98
104
if
98%
98%
108 Va
110
138%
*107% 109
M-N
<
101%
*98
100
:
Mi
13
98%
"98%
A-O
-
18%
13
104 Va
102% 103
102%
.
84
74
104
i
if
If
15
14%
A-O
112 Va
109%
*78
Feb
■
121 Va *130%
107%
*107
Feb
*137
738%
101
J-J
__
•
144%
787a
103%
M-N
16
96
51
72 Va
87%
1
113%
115%
687a
67
64%
80
3.574
72
30
45
1037a 1037a
J-D
10174
7774
787a
1137a 1137a
M-N
7
6774
347a
::
61
jj.H
f
;
lines
3'A 5
*100
103
1037a
101
101
70
75
*62
75
95
95
95
15
89 %
98
98
987a
25
887a
92
94
12
847*
95
957a
39
84
J-J
1952
M-N
1953
...—..—1955
gold 4s___
957a
F-A
*
F-A
1017a
92
J-J
gold 3s—_1951
•—1951
5
;
92
1963
100% -i
957a
103
83%
98
96
Iowa" 1st gold 4s
—
:A 1st 5s series B
...
A 1st. gold 5s. series C
fAInternat Hydro El deb 6s
71%
50%
j
|
103%
1947
i._1955
lst 5s B_—4..1972
Int Telep ft Teleg deb gold 4yas_._1952
Debentures 5s—
1955
flntornat
:
.^..41950
-«.'_1950
1944
:
Paper: 5s series A ft B.
Ref sink fund 6s series A—
«. tot Rys Cent Amer
I-
•
■
f
f
t
A 100
89
5
:
f:
;
'
1007a
1007a
997a
1057a
97
103 78;
—
1037a 1037a
F-A"
if
'
105%: P
99
82%
947a
947a
96
74
100
«
92
*90
;
r
3
92
*100 7a
993A
97%
107%
2
1017a 102
J-J
—
series. A
131
1007a 1017a
J-J
1951
-.1951
4s ser D
867,
997a
103
94%
41
857a
86
J-D
J-Ji
1047a
104
104
J-J
<
1057a 1057a
M-N
i
—
M-N
M-S
I
—
7a
2
103
103
"5
j:
927a
917a
92%
126
817a
10074
if
877a
86 7a
877a
63
767a
95%
fi
837a
837a
2
737a
92
—
J-J
75
95
*81
if
!|
106%
105
*105
\
973/4
'
!
;
*111
A-O
106%
106% 107%
^International Great Northern RR—
52
106
105
A-O
—.1955
t
4.4
y-'iv'vi-
105%
103
*102 7a
A-O
108
t
897a
J-J
79%
77
79%
115
627a
A-O
i4;Alst 6s series A
1952
AAdjustment 6s series A—July 1952
i
61
J-J
M-S
51%
100%
10274
*104 7a
J-J
68
41
46
101
J-J
J-D
41%
42%
J-J
.
J-D
66
*106% 107
41%
39%
42'A
131
28%
54% '!
73
73
1
58%
85
\
58%
84%
89%:
I
J-J
.
J-J
73%
73
73%
11
A-O
88 %
86 y4
89 %
181
•
74V4
f
105'A
J-J
104
104
7
104
M-S
108
•
108%
2
10674
111%
M-N
103 %
103%
1
102
103%
•
J-J
100%
F-A
104%
J-D
94'/a
;
ii:-1
100% 101
88
95%
102 Va
|
104 Va 105%
56
99
105%
f
38
88%
20
10274
99
104%
fi
M
103
107'/a
" x
108%
I
:i-!
*103%'"..
J-D
109
1963
40%
•4
■■■•.
J-J
104%
Indianapolis Union Ry. 3%s ser B.1986
Inland Steel 1st mtge 3s series F..1961
i
40%
'
4
16
46
v
107
20
1950
tAInd & Louisville 1st gtd 4s—L.1950
•;
<
4s
ref mtge
Ind 111 ft
f
103%
84
42%
A-O
106%
21
105%
104%
1st ft ref 4%8 series C...—1963
1st
v
108
102%
*61
J-D
104%
103%
.v
,4
l
2
51
*43%
J-D
27
104%
35%
Joint 1st ref 5s
!
106%
6
/
45
♦77%
J-J
40
104'A 104%
111%
J-D
n
r
i:74
57
65
.
!
J-J
J-D
137% r
A-O
Gold 3%sJ
I
103%
128 Va
9
J-J
-
1999
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
t
J-D
52
::i28% 128%
111% 111%
r
Registered"
—
—s
111 Cent and "Chic St L & N O—
3
M-N
133%
—..Feb 1957
St. Louis Div St Term
31
103%
103
62
—
i■
133
J-J
■40-year 4%s_
1966
Cairo Bridge gold 4s
1950
•;:4 Litchfield Div 1st gold 3s
—1951
Louisville DiV ft Term gold 3%s_l953
Omaha Div 1st gold 3s
1951
104% 104%
J-J
101%
—
__
123
68
Refunding 5s
,f *
102% 102%
J-D
25
119%
F-A
Collateral trust
108%
106% 106%
103%
1007*
_.
10174
,
12
Manhattan 1st 5s A——1957
; > Refunding
Purchased
126%
19
122% 122%
Iff
107%
•111
A-O
114%
119% 120%
J-J
....1951
1st gold 3'As
;—......4—1951
Extended 1st gold 3%s
1951
1st gold 3s sterling
1951
Collateral trust gold 4s
1952
■r\
111
114
110% 110%
*114
J-J
,
♦1027a
J-J
1st gold 4s__
I
31
73
•107%
A-O
ft
Illinois Central RR—
|
86%
10574 106%
F-A
53
115
'
-
^
54%
397a
897a
917a
101
10174
J-J
Illinois Bell Telep 2%s series A...1981
|
1067a 107
107
"2
...
114%
1077a 108
103%
-—1959
AAdJ income 5s..
107
102
f *49V4
105 '105
105
1057a
40
J-J
—
debs
4
697a
687a
107
Hudson
.
108
73
B
3s
10374
50
73
657a
8
■49'A
II
*107%
*
106
106%
JL
>
f
|
109%
-
107%
D
laware & Hudson 4s
*
107
10574 1053/4
107
ctfs
Debentures
69
10374 1037a
50
J-J
tSAHousatonic Ry cons gold 5S—1937
Hudson Coal 1st s f 5s series A—1962
Hudson Co Gas 1st gold 5s.
1949
>
!
80
81
83
103% 103%
.——1965
77%
103
H
*61
Dpyton P & L 1st mtge 3s
1970
yton Union Ry 3 Vis series ii_—13C3
80
105%
J-J
ser
Hocking Valley Ry 1st 4%s
r
•
D^ere & Co 2 Vis debs
102
57
105
*105
1st ft ref Term M 5s stpd
1952
Gulf States UtU 3%» series D..4..196B
4
•
J-J
deb——1088
2
10374
M-N
104%
303;
91 %
E
Gulf ft Ship-Island RR—
..
90 '/a
F-A
-
70 %
J-D
112%
102
107
90%
J-J
1946
68'/2
■
1952
i—1973
—1976
—1977
—1967
B_.i
mtge inc 5s series A
.—2015
1st k ret 3%s series Ds.—i^.^1969
'•;
t
109
111%
22
1087a 110
*121%
A-O
"
87
——-
Gen
Jf-N
1952
72%
69%
J-J
J-J
Gulf Mobile ft Ohio 4s series B^—1978 -
108%
..
10274 103%
103%
J-J
—
55%
65
♦104
128%
99%
72'A
J-J
'
102%
v' 106%
10774
mtge; a'As
Greyhound Corp
•
103%
76
104% 104%
*—
—
j.j
-
6
101
•
,
mtge 3%s series I—
Gen
A
i
103
90%
I
98
*_.
*
»
111
.1027a 103%
110
M-S
1942
132
120ya
13
J-D
debs—..
inc
K—_—i—1960
Gen-mtge.3%s ser L
—.■—1970
Gen mtge:3'As ser.M—
1980
AGreen J8ay At West deb ctfs A_.
105
98
i
F-A
5Vis_
;
105%
117%
101
M-S
•
J-J
receipts
extended to——.1948
ADeposit receipts
litis Publishing Co 3s
i
v
;
iW-N
-
104
140
101
M-N
Castings 5Va8_
General 4 yas series
Gen
94%
105%
3
conv
General 4%s series D__.
i
v
92
26
106
106
106
A-O
-
extended to
'
"j
100
94%
83
917a
93
M~N
-
1067*
70%
1949
5s
General 5s series C.—
-
•
1017a
1063/4
& Utilities Corp—
General 5'/2S-series
i
4
99 Va
.
s
•
99%
A-O
,
1027a
96%
—
*104
M-S
4.1974.
Great -Northern Ry Co—
j
£
106%
95
—
A-O
receipts
ADeposit
*9974
97
F-A
1966
debs..
f debs—
IdiCuba Northern Ry 1st
Deposit receipts
ACuba RR 1st 5s gold
A6s
102
*102% 107
'
—
....
A-O
3 Vis—.—-——-1969
Deposit
—
28
13%
M-N
i._1965
1958
jlst mtge 3Vis———
•
4
,
1968
1970
Continental Baking 3s
A
19%
20
——
J-J
-
97%
-105% 105%
j-b
-
1954 1955
1950
4s
3 Vis
A7Vis series A
207a
331
J-J
1988
4s
3Vis s
79 Vi
J-J
1948 *
non-conv deb
Crucible Steel
52%
M-N
—1977
1951
1961
mtge 3Vis
list mtge
101
J-D
1958
insumers Power Co—
st
72%
F-A
gold 43—1948
Debenture 4s
st mtge
71%
F-A
-
1057a i
-r
9874
31
99
*106
M-N
iV- Certificates of deposit—4
i-Goodrich (B F) Co. 1st mtge 2%s_l965
Grays Point Term 1st gtd 5s—;—1947
.
71%
J-D
debentures
I
—
1958
3Vis debentures
—
—1958
insolidated Oil conv deb 3Vis_—_ 1951
-Debenture
'
74%
F-A
f 3%8 A
Edison of New York—
Ry
4
I
A4s
■
Gen Steel
105
47%
J-D
,3Vis
Consol
80%
774
M-N
-
987,
967a
J-J
5s—1943
..—1969
1—1949
IA Georgia St Ala Ry 5s
-Oct 11945
( Certificates of deposit
'.L—i
*
tJAGa C&ro.St Nor 1st ext 6s_._._1934-
;.V'.
V;
108%
65'A
A-O
1980
debentures
f3 Vis
General Realty
f
.1952.-.
—..—1961
C0nn River Power s
78%
•64%
M-S
1977
—
*
102
102'
101
■
A-O
•
10274
88
102
9
*102'A 131
tr=: Gas & Elec of Berg Co cons
j
90%
68%
65%
J-J
Ohio El 3 Vis——1970
debs 3Vis
101
J-Ji
-1972
1973
ilst mtge 3s series L
COnn Ry St L 1st ft ref 4Vis—
101%. 103%
17
85
84
i
—
M-S
.1981
1st extl 4s
Commonwealth Edison Co—
JConv
8574
'
—1950
\ 4Vis (stamped modified)
Columbia Gas & Elec deb 5s
.V Qolumbus ft Sou
Columbus & Tol
5
J-D
gtd—1948-
> > Debenture 5s
—
Columbus & H V 1st extl
1017a 1017a
86
—
J-D
1990
—1970
,
/
I
-
•„
—1977
1991
f" v| Series' D 3Vis gtd
%Cleve Short Line 1st gtd 4V4s
Cleve Union Term gtd 5Vis
.4 .1st s f 5s series B gtd
| 1st s f 4Vis series C
fin--Colorado & Southern Ry.—
'
94
J-D
RR—
•
867a
77%
J-J
:—1993
| General 5s series B
u
\ Ref St impt 4Vis series E
} Cin Wab St M Div 1st 4s
•p* Bt L Div 1st coll tr gold 4s
'i-Seriee C 3 Vis
i
376
M-N
,—1993
.
24
—
!;
33%
J-D
Cincinnati Gas St Elec 3 Vis
—1968
•J 1st mtge 3 Vis
1967
Cincinnati Union Terminal— ■
list mtge gtd 3%8 series E
1969
fist mtge 2 Vis ser G
1974
Cleve Cin Chic St St Louis Ry— - -
R* Cleveland Elec Ilium 3s
Cleveland St Pittsburgh
99%
17 Vi
M-S
-2*
3 General gold 4s
67%
*99
—^^————1957 '
,8 A Debenture 5s
gAChoctaw Ok ft
325
581
A-O
1952
I—1962 i
,—1943
97%
I
757a
J-J
-
115
1037s';
t
119%
t
1963
—1963
West Indiana com 4s
1st & ref 4Vis series D—
117%
94%
25%
F-A
-
lie St
94%
737a
—
•
series P
mtge 2%s ser G —
mtge 3Vis
12
:.V" 1
24'/a
—
deposit
ACertificates of
1st
96
I
75
J-J
$ f ARefunding gold 4s._i.__—±..193423?* fASecured 47as series A...
1952
AConv gold 4Vis
—I960
ilcago 8t L St New Orleans 5s_ J*.. 1951
Gold 3 Vis—
——1951
Memphis Div 1st gold 4s
1951
lie T H St Southeastern 1st 5s—1960
Income guaranteed 5s
Dec 11960
:hicago
97%
95
98V4
u-s
deposit—.^
Francisco Sugar coll trust 6s
1956
25%
J.J
—1988
deposit—
of
A Certificates
»
;;
—
2
*104 7a
of
ACertificates
I..-'
,—1989
tlhChicago Railways 1st 5s stpd
k2S% part paid..
.
...—._ -1927
tchicago Rock Island & Pacific Ry—
,/AGeneral 4s
'■'
k 101V4
J-J
_
deposit
of
ref 5s series A-.
&
Alst
'
F-A
Ry— ?
income 4 Vis——1999
conv
if
116%
1067a
100
101
95%
-
J-J
tFlorida East Coast lst.4%s_—4—1959.
V
|
A-O
► -
3s ser B
st mtge
96
96
97%
J-J
Certificates
11
117%
8
97'/s
107
1067a
•110'A 117
■
__
A-O
deb—:—1961.
Firestone Tire St Rub 3s
t A Florida Cent & Peijlnsular
111
95
99
967a
977a
■
J-J
.—..1975
Jan 1 2000
gold 5s series A;
AMtge
♦967a
J-J
I
114%
88
97
96
97
J-J
92 Vi
115
-
1037a
105
3
r:
|
79
.
102
3
105
t
72
' 97%
15% -29%
10%
31%
14
107% 107 Va
j.j
f
fllO
84
J-J
Jf-N
83
A.
1st cons mtge 3%swser.E— .^.-1964
1st cons mtge 3y«s ser. F.-_ ._—1990
1st cons njtge 3Vas ser G— ,i.„2000
1971
Ohio Div 1st mtge 3%s-.-.
.
■
3102
♦1137a 114%
——
1
%
High
Low
"
Gen mtge inc 4'As series
I
~8
*
J-J
$Alst ft gen 5s series A
1960
a 1st St gen 6s series B
May 1960
Chicago Ind ft Sou 50-year 4s
1958
IChicago Milwaukee St Bt Paul—
*5
JAGen 4s series A
May 11989
A Gen gold 37as series B__May 11989
fAGen 4 Vis series C
May 1J 989
ihGen 4 Vis series E
..May 1 1989
*/
AGen 4%s series P.^_
May 11989
99 Vi
141%
12
95Vi
,
71
71
J-J
98
132
140 Vi
stamped....
5s
Empire Gas St Fuel 3%s——„
*ne Railroad .Co—
t
78%
60
56
98
65
J-J
M-N
Chicago Ind ft Louisville Ry—
A Refunding 6s ser A—
1947
ARefunding gold 5s series
1947
)a Refunding 4s series C
.—1947
103Vi
January 1
■
105
M-S
30
Range Since
4 Sold
No.
•High.
102
J-D
115%
Bonds
Friday's
or
Bid ft Asked
Low
111%
F-A
1997
1985
1982
A—1988
2038
Sale Price
12
F- A
.
(conv).—-
3%s ser B
lcago ft Erie 1st gold 5s
ilcago Gt West 1st 4s series
A Gen inc mtge 4'/at
*lst mtge
*-
J-J
1938
1977
1974
aeries B
Z 1st ft ref 47as
\
& Qulncy RR—
Last
Period
lllVi 112%
I
Chicago Burlington
*
General 4s
Interest
January 1
Sold
Bid St Asked
Week's Range
Friday
;
Stock Exchange
New York
Range Since
Bonds
Friday's
er
.
A-O
102%
102% 103
12
M-N
100%
100% 101%
34
102%
James Frankl ft Clear 1st 4s
103%
98
108 Vi
1
1959
Steel 3y«s
.1961
Jones ft-Laughlin
95
93%
103% 10378
J-J
Delaware, Lack & West RR Co—
N Y, Lack & Western div
,
'
1st
ft
ref
Income
Delaware
^
M 5s ser C
^Denver & Rio
'§Alst
*■/
due—
ft Light 3s
mtge
Power
Grande RR—
^jAConsol gold 4%8i.
*—
M-N
59
;—:
1930
Western RR—
1953
-f ARef & lmpt 5s series B
Edison 4s series F
1968
} Gen St ref mtge 3 Vis series G—1960
j Gen St ref 3s series H
—1970
Detroit ft Mackinac 1st lien gold 4s 1993
-! ASecond gold 4s
1993
*~fE|etroit Term St Tunnel 4 Vis
—1961
Dul Miss St Iron Range Ry 3 Vis—1962
ADul Sou Shore St Atl gold 5s—1937
3Vis
1988
61
62%
60%
F-A
62%-
-i
105
57%
.
K
78%
13
106
109
67
59
75
61
76%
2
14%
,
A-O
14%
15%
37
11%
"11%
12%
>
206
56%
56%
57%
22
A-O
M-S
107% 107%
106%
J-D
-
6
106 Va 107
4
106% 106%
J-D
55
J-D
34
-
pUQuegne Light 1st M
60
19
4
Kanawha ft Mich 1st gtd gold 4s__1990
"
Af-N
34%
A-O
107
J-J
59%
J-J
106%
58
107
-
106 y8
■106
48
2
'
108%
109%
Vi 56
28
...
; 35%
4
110%
114%
1
106
1
i
t
'AV26
22
45
19
105
VlJtf El IU (NY)
•'XFor
footnotes
1st
cons
see
gold 5s.
page
1304.
.1993
M-N
J-J
'119
'157
116%
151
*62
106
106
;
it
91% ;
103*% if
93
-
11878
118%
t\
—
■
63
75%
101
106 V*
*1093/a
;
79
"Hi
106% if
104
J-J
♦ios'/s
A-O
*1825/8
103 3/4 104
1097a if
102 i
J-J
102
173%
183%
105 Va *r
_.
—
—
if
6
1027a
6
19
4%
J-D
HO'/a 111
13
1057a
111
-(
J-D
107 V4 107 3/4
7
10274
108 Va
,
A-O
M-S
5%
v
5y»:-
8
.if
: f/i' ■■
3%s
.1956
J-J
103
*120y2
J-J
80%
49
71
■>•
Bast Tenn Va & Ga Div 1st 5s.
-
J-J
927a
-81%
1
84
103%
168
108%
Lake 6h ft Mich Sou
w
A-O
109 y»
59%
106 Vi 107%
'•
103
A-O
1961
unguaranteed..
Kings County: El L ft P 6s
Koppers: Co 1st mtge 3s
SAKreuger ft Toll 5s ctfs
\"• a
"
_.
85 %i
85
^-..1961
__1997
1964
1959
Plain
109
85
84
Kansas City
*
*
2
•
21
54%"* 71%
106 %
_1936
A-O
;
Southern Ry 1st 3s
.1950
Kansas City Terminal Ry 2%s—4.1974
Kentucky Central gold 4s
...1987
y
Kentucky ft Ind Term 4%s_
..1961
\- Stamped
—4-1961
: 5%/19
.
15
55
114% 114%
5%
.
*106%
A-O
Fort Scott & Mem Ry—
$ ARefunding' gtd 4s4_!—...
ACertificates of deposit.
■■'
rr
F-A
..1978
99%
60
106
Kansas City
J-J
u
100
58
106
J-J
A Assented
Detroit
M-N
A-O
.1936
consol 4s
JDenver & Rio Grande
> AGeneral s f 5s
i
—1973
1993
—1973
119%
158Vi
registered
gold 3%s—;._1997
1997
Lautaro'Nitrate Co Ltd—^
Alst
mtge
income reg
" r
1975
Dec
5254
U
50
61
i
r
'
1303
NEW YORK BOND RECORD
RANGE FOR WEEK'ENDING
Friday
BONDS
New York
Interest
Exchange
Stock
Period
Last
Sale
'
or
f 4%s A
s
1954
1965
Lehigh & New Eng RR 4s A
1st
&
1st & ref sink fund 58^....---..1964
5s
5s
-
1974
;
/
F-A
106'/4
106^
98
2000
Mtge 4s series A
2043
Mtge 4s series B
2043
J-J
1973
M-N
1973
M-N
N
Harlem
&
Y
Lack
&
gold 3%s
West 4s series A
4'/as series B
Val
Lenigh
gtd 5s_
4%s ext
Valley N Y
Valley RR—
Lehrgh
4s
Harbor Term
1954
1950
J-J
87%
'
—
2003
M-N
95
73%
91
registered^.
4'As stamped modified
4'As registered
5s stamped modified
2003
2003
2003
M-N
54%
50
50
M-~N
59'A
55%
•'52%
80'/2
96%-
451%
50
'
Lehigh Valley Terminal Ry ext 5s_195i
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little
Miami
4s series .A——1962
gen
Long Island unified 4s
Guaranteed
ref
1949
83%
81%
A-O
83%
62%
60%
61'/a
37
J-J
62%
61%
63
M-N
63
61%
63
3'/as_—_1956
J-J
61%
60
61 %
...«..M._.M..1948
J-J
68%
67%
69
4s
4s
1955
A-O
M-JV
deb
6s
trust
A-O
85%
33%
33%
35
J-D
66
64%
66%
6s
4s
1954
M-S
N Y
M-S
1955
J-D
Power &
108
106%
107%
118%
120
A-O
Louisiana & Ark 1st 5s series Ai—1969
J-J
103% 104
Louisville Gas & Elec 3'As
M-S
105% 105%
<
Louisville
—
—
{A2d
-
1965
gold
101
M-N
103 '/2
105'%
.1937
J-J
ft*;
70
F-A
F-A
,
2003
A-O
A-O
F-A
lOl'/elOlVa'
1
101'/a
M-S
102'A-102'A
1
100
4
107%
17%
4%
17%
101'A
20
100%
101%
9
74%
82
3%s
series
2%s
ser
P
G
8t Louis Div 2d
Atl Knox & Cine Div 4s—
—1955
107% 107%
96
96 y8
M-N
*116'/4
106%
14
ft.
70
46
31
'
70
*40
—';"
32
RR
4%s
ser
1960
A
1st mtge & cult* 4s ser{B———1954
Sugar 4s sink fund—Feb 11957
A Manila RR (Southern Lines) 4s
1959
Manati
J-D
73
73
J-D
75
4'/2S
1998
2014
A-O
6i y4
A-O
135 Vz
series
M-S
82y*
100/ ; 101%
"8
80'A
104
105'%
102%
Ref &; impt 6s; series B.
Ref frlmpL 5s$ series C...
82
106 y.
Ref &
15 AMet West Side El
A-O
90'%
(Chic)
4S—1938
F-A
*22%
*
16 y4
25'%
Jack
Lans & Sag 3%s—
.—1951
1st; gold f3%s^.j...->..,.1952
Ref & impt 4%s series C
-—1979
Michigan Cons Gas 1st mtge 3'As_1969
I§ AMidland of N J 1st ext 5s
1940
IfAMilw & Northern 1st ext 4%s__1939
a
£ con sol ext 4%S-.™_~
Minn
St
a 1st
;
Paul
--1938
Ai——1971
JA—
1991
mtge 4S'4nc ser
M-S
103
J- J
J-D
Mo Kansas & Texas 1st 48
—1990
•98%
81
'
82 '
111'%
107
107
J-D
■75
15
J-J
70'/a
82
82- -84'/a
J-D
120
94%
106
65
14
92
«
■
;81
45
a
77'A
•
93%
Missouri-Kansas-Texas RR—
a_14M
J -J
83%
83%.
85
40-year 4s series B___.i_..
—1962
Prior'1 lien 4 %s series D.i...uul578
J- J
71'/2
71%
73%
J- J
72
72
73
A-O
93
92
PriorJieir 5s seriesr4
'•
-
'
*
A
Cum
adjust
A—Jan 1967
series
5s
'
22
Faclfld RR Co—
5s series A..——1965
IMlssourl
F-A
83% *
83%
4s—w-197S
M-S
47'/4
"
•42%
l siref
a
AGenetal
;
183
84
5s/series G——"wl978
M-N
83% 1
83
A Con v gold 5%s_
.—.1949
Alst & ref gold 5s series H
1980
Alst & ref 5s series I
1981
M-N
34%
31% -
A-O
84%
83
F-A
83%
83
Alst tt ref
.
gtd gold 4s—1991
F-A
Montreal
J-J
"
M-S
Monongahela Ry 3y4s series B.,—1966
Montana Power 1st & ref 3%s_w.-1966
Moh'k & MaloneTst
1951
1958
Tramways 5s ext
Morrell (John) & Co 3s debs
Morris •& Essex 1st gtd 3y2s
_2000
series A
1955
Constr
M
5s
Constr
M
4%s series B_
& T 3'/48__
>
34%
i 315a;
M-N
■"
73
72%
43'A
84%
358
86
72%
72%
lit-
100
M-N
77%
73%
62
1947
M-N
*
4"
91%
107 ft
104% 106%
96
-101%
Nat
Dairy
National
Prod 3'As
Steel
1st
.1978
F-A
1960
J-D
1965
A*0
1954
M-N
debs
mtge
3s
66
1
tANa"gatuek RR 1st gold 4s
Newark
Consol
fANew
Gas
5s
cons
1948
England RR gtd 5s__.
gtd 4s—
—
..1945
A Consol
New
1st
N
England Tel & Tel 5s A
gtd 4 %s series B_.
Junction RR
J
.1945
'79%
109%
107%
110
New
Orleans Great Nor 5s A
Orleans Term
8
104
106%
105
107
*107
102
"l
110% 110%
98%
1st
ref M 3s series
&
102
M-N
112%
96
104'/2
95
102'A
113% 114
*
125 %
113%
Pennsylvania Co-—
93%
110'A
>93%
110%
*100 Ve
*105'% 107
J-J
J-J
•
A
Alst
A
5s
A
5s
1
*107% 108
104
106%
108
104%
107%
Ref
&
&
5s
series
A
1998
F-A
88'/a
2013
C
3%s registered
A-O
A-O
2013
3'As
1997
—
Lake Shore coll gold
V,v
registered
3%s
mtge
33As
series
D
Connecting RR 3 '/2s A
N
Dock
1st
gold 4s
N Y Edison 3y4s series D
J-J
1st
lien
&
For
footnotes
see
page
J-J
J-D
4'/is series
1st & ref
1304.
36
83%
101'A
83
99
269
92%
91%
93
192
•78%
94%
33
85%
99%
102%
*-.103%
88%
88%
*83
90
22
87%
84%
82
r
1st ft ref 3%S
f-a
105%
101-101%
j-j
A-O
F-A
A-O
107
107
107%
;
104
j-d
105%
106%
101
102%
105%
108%
105y4-105'/4ft
2
105'/a 106
105%
107%
6
105% 105%
105
107 >/4
16
105% 106%
34
106% 106%
5
*107%
194% 108
105%
106%
105%
109
107%
..
J-J
110%
107
107
m-n
103% 103%
103% 105'/a
m-s
111
111
111
114
m-n
♦110
111
109%
111
j-d
•
..I960
*106
j-j
j-j
1/
105%
106'/4
108%
108%
52
*308
...
V
1
105%
107'A
8
106%
108%
107
...
1073/a
I
106%
106% 106%
F-A
105%
105% 1053A
19
105%
107%
m-n
107%
107% 107%
12
107%
108%
•
,
*107% 1073/4
M-n
107%
108%
f-a
126%
126'A 126%
11
124%
128%
j-d
1193/a
1193/e 120
35
118%
124%
129'A 129'/a
12
126%
j-d
k
—
134
a-o
II93/4 120
19
118%
126%
J-J
119'A
119'/a 1203/a
18
118%
126'A
a-o
104 3/a
104'/a 104%
23
103%
106 V*
J-J
.
1193A
1033/4
103'A 104
73
102%
106 '/a
107%
109'/4
m-s
*107%
a-o
81%
813/a
7
78%
57'A
57'A
1
49%
Apr 1990
Apr
5'As__—1974
3%s sfer D---.1980
m-s
99%
deb
1952
Phila Bait & Wash 1st gold 4s—
General 5s series B
—.....1974
General gold 4'As series C
1977
Philadelphia Co coll tr 4'As
1961
Phlla Electric 1st & ref 2%s
1971
1st & ref M 2%s
1967
1st and ref 2%s
.1974
Philip Morris Ltd deb 3s—
^.1962
3s debentures
1963
18 a Philippine Ry 1st s f 4s
1937
A Certificates of deposit—
Phillips Petroleum 2%s debs
1964
j-d
ft'
f-a
104%
& Pekin Union Ry
-J
F-A
Phelps Dodge conv 3'As
—
♦106
106
91%
70
107%
168
99% 100
104% 104%
F-A
96%
100%
22
103%
106%
*133
J-J
107
107
31
138
131%
105%
108 V*
5
102%
104%
102% 103
27
101%
104%.
101% 102
102%
m-n
14
10i %
104'/a
*106
m-n
ft
106%
104%
22
106%
106
*106% 107
m-s
...
j-j
107 %
103% 103%
j-d
m-n
131%
128%
*130% 131%
J-J
107
30
15%
13
101%
103%
101%
*17%
22%
21
102
106%
21%
F-A
94%
81
91
Pittsburgh Cine Chi & St Louis-^
Series D 4s guaranteed..
1943
3eries E 3'As gtd gold
1949
fieri js F 4s guaranteed gold_.._1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s
3960
Series I cons 4'As
1963
107
30
15%
102% 103
J
107 %
'
Series
Gen mtge
94
27
cons
guaranteed
m-n
*115
f-a
♦114
f-a
125
125
125
125
m-n
4%s__1964
1970
.__.1975
.1975
5s series A_
106%
102
109
100%
104%
103%
107%
Pitts
1st
Steel
1st
4%s—
mtge 4%i series B
mtge
j-d
3
116 %
114
114
123
126 %
1
124%
127
7
128%
134
129
136
105
109
20
129% 130
106% 107%
a-o
113%
113%
116%
128% 128%
128%
a-o
6
mtge 4%s series B
1st mtge 4%s series C
Pitts Young
A-O
106% 106%
10
105%
109
1st
gen
1948
J-D
111% 111 VB
2
lllVa
113%
1st
1949
gen
F-A
108 % 108%
110%
4st
a. Ash
-
1959
1
5s series B
58
series C
4%s series D
,—..I960
10i%
/ 105% 105%
104
106 V*
'
j-d
103%
106%
84'A
99'/a
j-d
1958
1st 48 ser A—1948
101%
*101% 103
m-n
3%s_1964
,.1950
;_1950
1st 4'As series A
1st
1966
108%
113%
*113
95
104% 106%
100%
f-a
■s
105
97 Vi
*101
m-n
j-d
a-o
a-o
j-d
f-a
*104% 105
-
96%
96
96
V
96'A
4
95
j-d
■
15
105'/4
104%
14
105% 106'/4
106
1969
1974
mtge 3%s ser E
12
103%
37
101% 101%
105%
a-o
1981
—1968
i
Gen
104%
101 Si
103%
106'/a 106%
101%
j-d
B
4s—
82%
*103% 104%
101
99% ,100%
,
103
ft ft
7-D
j-d
4'As series E
83'/'
17
:
..
7
30%
ioey2
99%
15
j-d
:
—1979 ;•
mtge 5s series B
61
*102% 107
A-O
1984
Cohv deb 3'At...—...i..—.—^.1952
Gen mtge 3'/aS ser F
i
—1985
Peoples Gas L ft C ref 5s
1947
Peoria & Eastern 4s ext
___1960
Gen mtge
Gen
.79
20%
103%
15
--ft1 99% 100
*
j-j
105%
debentures
4'AS
1
105% 106
101 y8
30
99%
../-ft 10131 102 /
/ft* 10131 103'/4
j-d
...1974
L
Pennsylvania RR—
.
■
.
Consol gold 4s
——
1948
4s sterl stpd dollar
May 11948
Cons; sinking fund 4'As
—..I960
General 4'As series A
1965
General 5s series B
..1968
General 4%s series D
1981
~2
82
23'/4
99%
j-d
ser
8797
84%
82
80
>
100%
r
104%
110
83%
83'/4
99
87%
101
102.
*104% 104%
99%
j-d
Penna Power & Light 3%s
Pitts & W Va
...1965
1965
ref 3y4s series E
10
90'%
95
87 Ve
101
107
104%
107%
ft
T
• ;
..
23
:
..
m-s
a-o
—1971
Pittsb Coke&Chem 1st mtge
1975
1951
N Y Gas El Lt H & PoW gold 5s
Purchase money gold 4s
83%
93
81
16
"
1980
N Y
Y
F-A
97%
80
85
122
F-A
1998
96
88%
F-A
1998
98%
80
86%
85%
J -J
F-A
1998
Mich Cent coll gold 3y2s
3 'As registered
New York Chicago tt St Louis--
Ref
J-J
.1998
.
Ref mtge 3'As ser E
90 r:
*—
—
N Y Cent & Hud River 3% 8——1997
ft
84%
83%
A-O
deposit
impt 4'As series A
imDt
y2
deposit-
A
J
Ref
84
77
80
13
86
81
88%
91
*85
F-A
series
87%
70
*85
*86%
deposit
of
of
4s
88'/2
F-A
D
series
Certificates
Central RR
Y
A-O
deposit
of
series
77
77
...
of
*76
5
104
111%
1,
Pere Marquette Ry
104%
13
deposit
A-O
C
Certificates
5'/as
series A
B
series
4'As
Alst
N
series
Certificates
Alst
a
5s
of
Certificates
Alst
a
inc
Certificates
*103
*107%
99%
100%
108'/2
INew Orleans Texas & Mexico Ry—
jANon-cum
? 494
Pennsylvania Ohio & Detroit RR—
126
100
106'% 106%
v
104% 104%
F-A
M-S
Gtd 4s series E-trust ctfsi..1952
Peoria
107%
__
106% 106%
J- J
/'
F-A
^1960
1970
^
Pennsylvania Glass Sand 3'/as
115'A
123%
__
F-A
M-S
1983
110%
3
44
99%
109
83
Paterson & Passaic G ft E cons 5S.1949
Alncome
J-D
1952
1953
4y2s
gtd 4s
1st
108'A
1986
O & N E 1st ref & imp
New
106'A
1974
Jersey P & L 1st mtge 3s
N
6
J-D
1952
104%
105% 105%
J-J
1961
gtd 1st 4s__.
New
96%
107% 107%
J-Jr
89%
89%
87
,157
€8
mtge 3'As series C_.j._.—^-1966
Paducah -ft) 111 1st s f gold 4%s_-—1955
Pahhandle-'East P L 3s Bi
•—1960
86%
63
105%
108
*99% 101%
105%
97%
109% 110%
Ref
1011% 103
N
Chatt & St L 4s series A
95%
71
101% 1023/4
.
Nash
79
101% 102'A
Pacific ' Tel & Tel 3'As series B—,.1966
•fti!623%U«77W
38
72%
105% 106
73
■I
2\
54
76%
M-N
95'A
79%
11
J-D
95%
105%
a
.ivy
101%. 101%
67% /• >67-.;. 67%
115
72%
110%
1946
8«
3'/as serie^ I
1st ft ref mtge» 3s series; JL
1st & ref M 3S'series M
95'A
14%
44
100
106%
Co^—
Electric
&
1st ft ref mtge
1st ft ref M 3a series K.
»
95'A
325 5
84%
-
95
59%
213 f
<
•v
Pacific- Gds
■.
.
72%
33
•
599
Coast CO 1st gold
Pacific
*
45
-/•
•
119%
1
71
78%
88-
•">!'
105'A 105%
100
J-D
<84'/4
,
1955
Fuel Gas 1st gtd fii.
Mutual
*80
*106%
J-D
.84%
1968
Mountain States T
1
69% ••89%
64'%< 112
1%
84%
!48.
M-S
^.1977
ATst & rfef Ss-aeries
,
;
:
90
94
f
-':
65%
21
V
1
?;
*74
97%
128
108%
110
78
138%
■
124
110
78%
75
136%
136
3
106
112% 114%
—-
102%
47
79%; 98
17
•
-/.;'
89%
133%
O
i
-97%
68%r 70%
97
ft'
102
,
'
97
61
102
•
116'%
97'%
..
J- J
45
20
J-J
lOgdensburg & Lake Champlaln Rp—
Alst. guaranteed 4s
1948
Ohio Edison 1st mtge 3s
:1974
:lst mtge. 2%s
.+-■
.—1975
Oklahoma Gas & Electric 2%s
1975
Oregon^RR?& Nav con gold 4s
1946
Ore: Short; Line 1st cons gold 5sr—1646
Guaranteed stpd cons 5s
1946
Oregon-Washington RR 3s ser A..1960
91'%
104%
1
107
*99%
62
J-J
105:
*108%. 109'/a
A-O
98
107%
107%
103% 103%
M-S
108%
J-J
1st mtge 3%s^..>„.,*.1964
102
105%
2
107% 107%
44
109%
2047
2047
1st & ref mtge 3%s
1967
iSst mtge 2%s.;—......^mmm^.1974
(Wise)
2
'*100%
M-N
Marie—
& Sault Ste
mge 4%a dnc ser
,AGen
.
I
'V
96%
''*127%
113%
J-J
(Minn)
23%
..
Micingan- Central—
.25%
107
,
2047
-
impt 5s series D
Northern? States Power Co^
99'%-102 y8
3
110
107
138% 138'/a
—
Q-J
Q-J
Q-F
Q-A
16
1950
5 '/as
3
98%
106
89
107'/a
60%
—-
M-S
Northern Pacific Ry prior lien 4s_1997
; 4s regtsteredw.
.4.^—>.1997
Gen liemry h Id gold 3s
Jan 2047
3s regl stered^.
....__„.2047
Ref & impt 4%s series Ai."
.2047
87'/4
1C4% 105 y4
100
100 '/a >
1
135'A 136
'
100%
*102% 104%
104%
98
J-J
A
mtge
85
A-O
35
'93%
33
107
Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
/Geh N rel 4%s series
M-N
M-N
48
11%
'*107% 108
AGen mtge 5s conv inc
.
McCrory Stores deb 3'A
—1955
Metropolitan Edison 1st mtge 27/«s.l974
Metrop Wat Sew & Drain
31%
M-S
A-O
100
M-N
80
26
J-J
1946
.1966
1st
116'%
65%
26
108
107%
52%
10
107% 107%
.
Central
10
,
J-J
Norfolk & Western
M
Maine
105%
•
NoMolfc Southern Ry Co—*
*97'
,
114'%
__
89
111'%
96
45
96'/a
>
30%
105%
106 y8 106'/a
*98% 102
102'%;
M
& Mem Div. 4s
108 7/a
93%
47
M-N
102'%
gold 3s———1980
ref
ref- M
81%
■
Niagara Falls Power 3'/2S_
105'% 107
2003
&
&
59'/a
118
:-__*._1943
N Y Telephone 3%s series B
1967
105%-
-1946
1st
1st
Paducah
45%
272
*105% 106 7/a
—
♦
Nlag Lock & Ont Pow 1st 5s A—1955
1966
25
11%
82-.
--
rr1940
gold Sb
A Terminal J
stvgold 5s
Nashville RR—
&
83%
217/a
101
82
J-J
—.1937
4%8.
J A General
103
4
15
"
82%
15
44
"
20%
,
IS AN Y West & Bost 1st 4%S
debentures
74%
63
11%
A-O
1963
...
I8AN Y Susq & W 1st ref 5s
106 '/a
2
3s
77
54%
108% 108%
21%
M-S
Light 1st mtge 2%sU975
Putnam 1st cons gtd 4s_.
1993
3y2s
N Y Steam Corp' 1st 3'/2Si.
2
MS
F-A
77
56%
107
25
1951
-1963
(P) Co deb 5s
M-N
1992
4s
N Y Queens El Lt & Pow
106'/2 107
106% 106%
1949
1949
gold 4s
$
stamped
75
56%
62
86%
M-N
N Y &
118'% 118%
104% 104%
4s
Loriilard
74%
55
123
1957
1st
116
106%
76%
54%
76
1940
A General
121
109'/4
'115
M- S
58%
8
•ft-,:.
IA Harlem River & Port Chester—
132 Va
118%
1
26
60
1967
93%
127 %
118% 118%
,
1956
.....
4s
76%
78%
'■•A
*131%
>/
60
deb
SACollateral
66 y2
53%
25
107
60
JAN Y Ont & West ref gold 4s
A-O
100
91%
62
deb
ADebenture
.71%
47
8
80
59%
115%
84%
/ Alst & ref 4%s series of 1927
64%
47%
130%
88'A
61
1
ADebenture certificates
69%
145'/4
171
116
94%
60'/a
ANon-conv
2
54%
86'A
High
116%
*—
'
564
'50%
47%
46%/ 46 'A
50%
2003
r 4s
115'/a 115%
86%
62%
3%s
38
88%
115'/a
M-S
3'/2s
deb
87 %
80
Low
115
114%
M-S
4s
deb
ANon-conv
7
79
*..
A-O
deb
ANon-conv
AConv
modified
stamped
F-A
January 1
108 %
*108
1954
ANon-conv
ANon-conv
Leh
Range Since
Sold
No.
1947
1947
95%
90'/a
"l
89%
Sonde
IN Y New Haven & Hartford RR—
93
89%
5
Friday's
Bid ft Asked
J-J
Y
88'/a
90% < '
or
Sale Price
M-N
N
100%
92
90:
*88%
89%
Last
Interest
Stock Exchange
Low;: High
100% 100%
"2
Week's Range
Friday
o o A u o
York
WioH
104%
—'
...
New
Period
LOW
*90%
—
"
January 1
"ft"
*99
——
F-A
.1974
stamped
Range Since
Sold*..
No. ;y
ft//' 3
104
'/•? 99 ■'/' 99
1964
stamped
& ref sink fund 5s
1st
Bonds
7
*104%
~.«~~~~~~..1954
stamped.w-
105%
F-A
1954
sink fund 5s
ref
/: //5s
rrtah
;
—
Lehigh Valley Coal Co—
/•.
Low ■
/ 105%
.
__
■•('!./;/
Friday's
Price; Bid & Asked;
vSi:/
Lehigh Coal & Nav
SEPTEMBER" 1C
Week's Range
96'/4
12
84%
96
10
84'/a
95%
*105
■
*125'/a
1962
1974
j-d
*127
1977
j-D
*117
107
99%
99%
106
106
125%
125%
Monday, September 17, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1304
YORK BOND RECORD
NEW
RANGE
WEEK
FOR
14
SEPTEMBER
ENDING
—
Week's Range
Friday
BONDS
Interest
Last
Period
Exchange
Stock
New York
Sale Price
El
1964
1966
inc deb
5%
_»Plttston Co
Potomac
M 3 %s
1st
Pwr
1977
1951
1957
1956
mortgage 37»s
1st
Pressed Steel Car deb 5s——
Securities 4s
Terminal 4s
t a Providence
1A Providence
3%s—_—1968
Public 8ervlce El & Gas
1st ft
$
ref mtge 3s
—Vtli
1st
.
ref mtge 5s
—2037
2037
&
ret mtge 8s
1st b
5
100'A
100
100
J-J
943/4
*105% 106 72
F -A
*113
II
104%
J-J
43%
109%
107%
155
II
1959
1956
1961
Bonds
1965
M-N
Low
Y
24
'
61%
5
104% 104%
2
104% 1043/4
16
61
61
104%
J-D
109%
104% 107%
v
..I
F-A
High
106%
12
106% 106%
1053/4 105 %
4
M-N
66%
103
2
M-N
57
103% 1053A
*104% 105%
106%
105%
107%
105
106%
104%
108
157
224%
January 1
No. Y
104% 104%
J-J
of
Range Since
Sold
Uiah
1063/4 106%
J-D
Oil
Sunray Oil Corp 3% debs—
Superior Oil 3%s debs
Swift ft Co 2%s debs
110%
2447a
245
J-J
J-D
Apr
A Spokane
Bland
103%
*1073/4 108 3/4
M> N
Internat 1st gold 4%s._2013
Calif 2%s debs
1960
Standard Oil N J deb 3s—
-1961
1083/4
25
*10914 1103A
t
1964
1968
Bell Tel 3%s B
1st ft ref 3s series C
113
103%
_
Range
Friday's
Bid ft Asked
106%
J-D
Southwestern
101 %
103%
33
33
Saie Price
or
Low
113
*98%
JUS
Period
Exchange
Last
High
10i;
J-J
M-N
Interest
January 1
Low
New York 8tock
CiUngdSliie^,
Sold
No.
Utah
Low
J- J
Bonds
Friday's
or
Bid ft Asked
Week's
Friday
N D S
B O
*221
108%
■■■%*
Transmission—
&
Gas
Tennessee
mtge pipe line 3s
Terminal ER Assn of St Louis1st
101
101
100%
102
102
J-J
J-J
3%s series B—1974
imp M 4s ser C
2019
Ttxarkana & Ft Smith 5%s A
1950
Texas Company 3s deb
1959
3s
debentures
1968
J-J
J-J
125
F-A
2000
J-D
Orl 3®/8S__1974
J-D
refund
Gen
lt)2%
R
1 gold 4s
s
1951
3Vu8
——1956
RR Cofor 1945) due.1975
Cent coll 4s
Reading Co Jersey
Remington Rand deb
107% 107%
(4.7ft
Gen mtge
'960
& Brass 3y»s
Revere Copper
West 1st gold 48—1939
coll trust 4s A
1949
Rochester Gas b Elec Corp—
Gen mtge 4%s series D
—1977
Gen mtge 3%« series EL—*—..1967
Gen mtge 3»/as series I
1967
.1969
Gen mtge 3 "As series J
.1934
15AR I Ark b Louis 1st 4 %f
.1949
1 ARut-Canadlan 4s stpd
.1941
SfARutland RR 4%s stampedt§ARio Grande
A
1st cons ft
30
1st gold 5s
Pacific
M-N
1033/4
102%
102% 103
27
98%
Tenn RR of New
62
.79%
Sa-----^1996
2d'.'gold 6s—192®
tBt Louis Iron Mountain & Southern■"
Trenton
__
110
5 A 1st 4s stamped..
—.
ACertificates of deposit....
Bt
1955
stpd
L Rocky Mt ft P 5s
1933
Gas
San Francisco Ry
4s ser A
ACertificates of deposit
*
20%
23%
15
30
Ry—certificates
tSt Louis-Southwestern
1st
bond
4s
Nov 1989
ctfs
4s inc bond
A2d
—1981
1952
| A 1st term ft unifying 5s—
AGen ft ref gold 5s series A
1990
8t Paul ft Duluth 1st cons gold 48.1968
t|A8t P ft K C 8h L gtd 4%«
1941
Bt Paul Union Depot 37«s B
1971
Air Line Ry—
IA 1st gold 4s unstamped
ACertificates of deposit
I Seaboard
Y
_
92
79%
J-D
98
446
48%
48
1947
1970
1971
1980
J-J
1955
1959
All Fla
fASeaboard
6s A
603/4
58%
603/4
163
,51
60
57%
60
M-S
42%
42
42%
795
42
42
42%
17
*__
114%
J-J
77%
783/4
55
F-A
7
55%
55
4-0
1935
3'As. 1965
50%
102
102
105
105
1053/4
133 "7
1
87%
89 Va
109%
86
120
20
.
50
86%
23As
F'-A
8
3972
Pacific
,' I 2
49»/4
553/4
66'/2
24
667a
36
523/4
'
39%
1968
1969
.
66%
70
100
2574
75
74%
53%
1
101
10074
•
23
62
;
•
Stamped"'
1043/s
Southern Ry
11
1013/4
103
1011/2
cons gold 5s^
4s series A
1053/4
A-0
__
1031/n V.
5
66
5
.
101%
80
r
;
V
F-A
102'/a
M-S
98%
M-N
108
10572
.
107%
130
103 h
108%
1
107%
110 V4
15
lOl'/e
101 %
177
92%
J-J
1057a
101
1023/4
9572
98'/a
188
853/4
1013/a
95'/a
98
271
85
1013/a
98
>
997a
J-J
99 %
327
84
105
107.
1047a
1067s
105
101
105%
12i®/4
128 3/4
61
113% 114%
13
1956
A-O
Y.
Devel
ft
gen
6Vis
1958
A-O
118
Mem
Div
i996
J-J
1951
J-J
1st
gold 4s
.W
A-O'
101 %
103%
104%
123
102% 103 Y
....
16
101%
109
103% 104 3/e
,
...
M-N
1157a
100%
118
~
36
103%
106
-
—.1955
RR 1st ref gtd gold 3%s__2000
-M-S
mtge 4s
Apt'
3%s
Petroleum
'
5s
F-A ' ? At-
89
% s—
84%
v
99%
47,
3
101%10l3/4
*102
102 Va
10134
98%
100 y; 102%
103%
^73%'
60
103%. 105 Va
102
102
95
102
t.^;: ^*103%^.':Y
'
15
101% 102
•
116%
118
J-D
J-D *
/CwYl
:1
106% 106%
*»"
•
:
•
117%
106%
107%
1st
Maryland 1st 4s__
5%s series A
ref
ft
J-J
1966
1952
1977
A—2014
Power 3%s series I
V-; /'
inc ser
4%s
Western
Pacific
Union Telegraph
1087. 10874
11960
ft Co
Wilson
of
ACertificates
1st 4s
deposit.
-
9278 114
10672
109
103
"
10674
1057a lO63/0
17
105
1063/4,10772
39
10574
1037a
10274 10272
8078- 82
14
101®/4
1037*
166
'7872
39
>
7803/8
.,77%
J-J
77
M-S
77% ; 90
87
74
104%
107
107
"
10972
*1097e
M-S
1103/4
107
103%
J-J
10574
117%
*1047a 1047s
A-O
1177a
95
767s
7872
80%
76
7974
92®4
347a
293/4
347s
163
19
3374
3378
.
30
3474
32
20
*106
1067a
80%
J-J
M-N
1936
f ASu & Du div ft term
107%
1037«
.
106%
10774
M-N
194J
IA Wisconsin Central 1st 4s—
ACertificates of deposit
110%
106%
,105
M-S
J-J
1958
1960
1st 4s_.__
S B
Winston-Salem
-
'
J-D
2361
1949
1970
1st mortgage 3s
4
108%
Westlnghouse El ft Mfg 27e»—A—1951
West Shore 1st 4s guaranteed
2361
Wheeling Steel 3% series C
31
106%
;
Registered
8
M-N
Funding ft real estate 4%s
1950
25-year gold 5s....M.^..M..M..1951
Wheeling ft Lake Erie RR 4s
31
107
•May
107
J-J Y
Co—
5s_.
7
105
i05%
"107
106
106%
;105*/2
'A-O
;
30-year
1063/4 107%
.
...
Public Service 3%s
1971
357a
1057s
J-J
1033/4
109
A-O
.1968
Wisconsin Elec Power 3%s
Wisconsin
110 y8
SI
delivery sale not included In the year's range,
d Ex-interest,
e Odd-lot 6ale
year's range,
n Under-the-rule sale not included in the year's range,
r Cash
not included in the year's range,
y Ex-coupon.
,
.,
,
.
not
sale
^Negotiability impaired by maturity.
tThe price represented is the dollar quotation per
pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
200-
a
Deferred
13
123
132%
953/8
117
119
111
105%
*107%
—
,
122
116%
•1247a 12574
—/ ■'
117
114%
4
106
109 74
the
125
^Companies reported as being in bankruptcy, receivership, or
Bankruptcy Act, or securities assumed by such companies.
•Friday's bid and asked prices;
no
A Bonds selling flat.
Y
reorganized under Section 77 of
sales being transacted during current
•
: •
,
week.
•
NEW YORK CURB EXCHANGE
WEEKLY
inT^foatnf^P^n thf
in
footnote in the
a
week
in
AND
range unless they are the only transactions
such sales in computing the range for the year.
Sept.
Friday
or
(Sept.
15,
1945).
It
STOCKS
Curb
Friday
Exchauge
Week's
Range
Acme
A
D
Aero
Wire
F
Shares
Co
common
Supply Mfg class
Class
Low
warrants..
Co
7
ENDING
SEPTEMBER
123/4
283/4
123/4
B
"378
STOCKS—
7
29
127s
37e
~4
—1
18
167e
19%
Low
13%
12
UV2
Curb
'
Friday
Exchange
2%
Jan
120
2774
Sep
32
Apr
107a
Feb
1278
Jun
Jan
22 7»
May
Air-Way
372 Aug
57.
Feb
Alabama
73/4 May
972
li
Jan
197s
Sep
AUg
1378
Jan
Week's
Sales \
Last
Range
for Week
of Prices
Shares
Y/
Low
Par
?no
6,000
York
High
2,300
600
.
Sale Price
New
Convertible
Alreon
Mfg
$6
Low
367a May
371/4
Apr
11%
Aug
3%
3%
1.600
572
Jun
57a
11
53%
11.800
3
107a
574
1,600
3%
Jan
997a
Jan
Great
Appliance
Southern—=_
Power Co
$7 preferred
Fisher common
50
1177a 1187a
/
40
1157» May
•
•
1
107
107
10774
30
Jun
47a
37a
Electric
1
High
274 Mar
1072
Corp
preferred—
Alles ft
Range Since January
Hiah
—2
preferred——.
-10
50c
Air Investors common
Alabama
8
beginning on Saturday,
itseli, and is intended to
14
Range Since January 1
High.
A_IIII
WEEK
1972
—10
—5
Ainsworth Mfg common..
Air Associates Inc (N
J).
FOR
for Week
of Prices
Par
Motors
compiled entirely from the daily reports of the Curb Exchange
Sales
Last
Sale Price
ACF-Brill
is
shown
.
bond, in which any dealings have occurred during the current year.
RANGE
York
of the week, and when selling outside the regular weekly range are
we furnish a complete record of the transactiozis on the New York Curb Exchange for the week
include every security, whether stock
New
RECORD
YEARLY
Wllerl sales are dlsre8arded is takenweek's
in the
which they occur.
No account
of
In 8, and ending extensive list
the following the present
^
' 1
100
'
1950
gtd
90/
17
95
sW-6?%'
■
F-A'
1967
6tpd
89%
r-1
«Q-M
Y
'-Siljf'i }
-
18
98%
983/4
1013/4
B___—
ser
1st
■i
;
89%
95
95
A-O
'
Louis Div
M-S
32
10974
11272
-
100% 101%
*103% 105
*115%
101%
J-J
2003
—
n
102% 104
A-O
6s
5s
M-S
10974
—
♦11572
Included in the
f;
104
1956
gen
gold
♦1147s
t
104
11
105% 106
1283/4
gen
1st
1975
Co—
E
lat gold 5&..1949
Western
105%
101 »/b 1013/B
v.
973/4
ft
St
9
105
1017b
M-S
Devel
..
■
101%
126
*103
108
,
Devel ft
v
1053/4 1053/4
*129
.
105 5/b
1994
F-A
F-A
Western
.
75
J-J
1st
107%
987b 104 >
ic
10278 1023/4
195&
Gen mtge 3
105%
101% 101 %
—
M-N
—
-r—
1971
West Penn
,
49
709
1023/8 10272
75
A-O
8outh Pao RR 1st ref gtd 4S......1958
10472
i-
Westchester Ltg
743/4
787a
I
:
*103'/a 104
—
F-A
1981
1st 4s
Term
Fran
San
7
M-N
1948
Washington Terminal 2%s ser A—1970
54%
81
'
92
v
1047B 105 74
J-J
1950
Gold 4%s
10974
1053/4 106
M-S
58—.^.^—...1958
1995
mtge 3%s
1st
54
39 «/a
537a
Co—
Gold 4%s
107
1063/a
A-O
Washington Central Ry 1st 4s
74
237a
1047b
J-J
1977
107
16
Apr
Warren
v.
53%
65%
23%
M-N
J-J
——Y—-1985
debentures
4%s (Oregon Lines) A
Gold 4%s
1st
■
10372
1063/s 1067s
.1957
23As ser
mtge
Coal & Coke
Iron
Warren
119%
50
*90
J-J
Souonern
104
14
1047a 105
mtge 4s inc series A.
1981
Gen mtge Inc 4%s series B_.—1991
,
Y/
105
65%
66 7«
1979
ft Tel 374*
ref
&
Walworth Co
114%
4
•
49'/4
M-S
A-O
Bell Tel
1047s 106%
7
1037a 10474
J-D
Gen
Y
104%
6574
J-J
debentures
-Y
W
■
1963
1962
3s
7
*104% 104'/a
105
Wabash RR Co—
■
1964
.
'{
•
•
957*
497a
661/4
South ft Nor Ala
South
;!■
/
'
Bocony-Vacuum Oil 3s debs..—.
RR gtd 5s
32
105
97%
*481/2
1965
debs—
103
203/4
1033/4 1033/4
A-0
A—1955
t 4s series B__
Ist^ cons
'
.
2%S
Oil
Skelly
li.372
110
M-N
Virginian Ry 3s ser B—
1163/4
130%
•
1047a 105
49'A
1954
1961
1941
2%s sinking fund debentures
30
..
105
!
RR cons g 4s series
8
Va ft Southwest 1st gtd 5s
1 .72
100%
il4% 114%
4 v,: >40%
62
*131%
v
2
6
—
■
M-N
10472
Y
Va
72-
58
*105%
A-O
1st
87%
18
84%
92
tlASilesian-Am Corp coll tr 7s
14
*112
J-D
33As debs
Pictures
Virginia Electric & Power
70
36%
/v
Cons
51%
108
8P/4
.J
J-J
51
36%
13
*2874
-.
/
71%
—
ctfs
Seagram (Joseph E) & Sons
8hetl Union Oil 2VaS debs
land grant 4s
&
-
—
V
663/a
J-J
.105% 106%
RR—
Pacific
deb
35-year 3%s deb
Ref mtge 3%s series A
68
28
90
10174,103
*"
11074 1103/4
J-J
Vandalla
56%
55%
90
60Va
105
1027e
1
♦105'/a 106
1967
99
55
J-J V
9472
T
M-S
103%
92%
A-0
A
10174 10174
F-A
104%
97%
2
17
543/8
deposit
of
98
3
97
563/4
M-S
ACertificates
99
97%
55%
M-N
46
5
•
1037s
857a
590
1027a 1027s
_
10174
A-0
United Biscuit 3%s debs..
97%
1945
A Ctfs of dep
(Guaranty Trust)—
A Ctfs of dep (Chemical Bank)—
flAAtl ft Birm 1st gtd 4s
1933
series
6s
cons
•
J-D
debs—.1960
34-year 3%s
95
.
39
887a
1945
96 J/4
97
99
M-N
J-J
A-0
A 1st
150
1027b
U
Universal
IA Refunding 4s
1958
A Ctfs of dep (N Y Trust)
A Ctfs of dep
(Chemical Bank)—.
»
81
92
A-0
•
| A 48 gold stamped
A Certificate of deposit
v
130
50
M-N
1063/4'
96
195d
-
28
—
86
1971
1033/4
*90
J-J
1988
7/
1950
V ft N E 1st gtd 4s
Scioto
13972 13972
*103'/2
46
3%s
Union Electric Co of Mo
103%
Certificates -of
M 41/as series A
108 7a
86
27
104%
10614 10614
A-O
J-J
J-J
deposit———
1971
ACertificates of deposit stpd——
A
A Cons
1053/4
50
753/,
16
17%
1
23
23%
J-J
1950
5s series B
APrior lien
1077a
32
1093/4
69%
20%
J-J
1950
lien
104
A-O
1st gold 5s—1949
Elec
&
Tri-Continental Corp 3%
51
*67%
M-S
I8t Louis
A Prior
109 3/s
1
106
108%
108%
1093/4 109%
M-S
110
108%
110
110
Gulf Division
River &
105
'
*125%
M-S
M-S
1st
Adir 1st gold
129
2
J-J
1st gold 4s—1946
Ham & Buff
Union
St Lawr ft
108
125
125
106'/4 106'/a
106 3/e
—
tSAUnlon Elev Ry (Chic) 5s
Union Oil of Calif 3s debs
Baguenay Pwr Ltd 1st M 4Vfr8—...—.1966
Bt J06 b Grand Island 1st 4s
1947
.
M-N
1960
AAdj income 5s
Jan 1960
Tol & Ohio Cent ref ft impt 3®/4S__1960
Toronto
M-S
112
1067a
106
—
■"
A-O
Ry 1st ref 4s
Third Ave
110
15
6614
6614
A'O
ft
Pac
105%
103
~
4
107'% 10772
:
Pacific-Missouri—
104% 108
2
1033/4 1033/4
J-J
Texas
Texas
107'/a
110%
10
1071/e 1077a
10172
107%
106% 107%
2
107% 107%
J-J
Rensselaer & Saratoga
101
■
&
—,
1023/4
13
106
106
A-O
20
♦1107a 110%
1953
Ref & impt mtge
Ref
.1964
deb.
Quaker Oats 2%s
101 v*
106
67a
63a May
132
11872
July
Jun
Jan
110
July
Apr
10
Feb
..
Volume
THE COMMERCIAL & FINANCIAL
Number 4421
162
NEW YORK CURB
RANGE
Friday
STOCKS—
Week's
Exchange
Int'l
Aincu
froaucib
Class
Investing $3
for Week
Shares
Low
A
<Mien>
25
•
common
bib
preferred—
.
Aluminum Goods Mfg
Aluminum
6%
..
*
•
common.^-,———.*
Ltd
Cities
American
Jan
30
Jan
9
Jan
8.300
36%
Jan
49
112%
Jan
117
Feb
100
19%
Jan
200
15%
Jan
900
18%
107% 108
86%
Jan
117
Jan
110% July
108
~i%
~2% _3%
52
52
52
110
46
20
21
700
11%
1
Mfg
25
A
class
51
47%
51
47
45%
47
6%
6%
6%
7,200
46%
44%
46%
7,400
American
Cyanamid Co common
10
& Foreign Power warrants-
%
%
American
Fork
•
21%
21%
21%
250
36%
36%
5,900
111% 112%
12
12'A
175
American
Gas
American
Hoe
&
common
10
General
American
36%
100
Electric
&
preferred
4% %
112%
common—10c
1
Corp
$2.50 convertible
American
1
preferred
25
Rubber Co
Hard
American
20
25
25
100
Mach
Laundry
American
Light & Trac common
preferred
6%
American
Mfg Co common
Maracaibo Co
American
Potash
American
American
Callite
dep rets 5%
Electric
Camden
Canada
Bread
Jan
25%
Jun
Canada
Cement
'
vf '
'
52
Jan
7%
Jan
Jan
48%
Mar
36% July
32
Jan
46%
17%
21% May
31
Aug
Canadian
non
12 %
Jan
49% July
54
Seal-Kap
American
Amer
10
2
10c
•
•
5
♦
Republics
common
Corp com™
preferred
$fi series preferred
American Thread 5%
preferred
Superpower
$6
1st
American
Anchor
Writing
Paper
common
24%
July
Jan
18
Jan
36% May
Carter
(J
17%
Jan
24%
Jun
Casco
26%
26
26%
300
25%
Apr
29%
Jun
Castle
(A
65%
61%
66
600
51
Jan
70
Mar
4%
—
Angostura-Wupperman
Apex-Elec Mfg Co common
£1
1
•
Appalachian iJec^Pwr 4% % pfd—..100
Argus Inc
—1
—
Natural Gas common
Arkansas
class
Common
6%
preferred.
Arkansas Power
Aro
A
•
*
non-voting
—10
& Light $7 preferred.*
-2.50
Equipment Corp
Oil
Ashland
Refining
&
Jun
53% Jun-
Catalin
W)
Co
M)
Co
1
American
1.200
7
4%
1%
1%
1%
27,000
18
1.000
32%
ft
Line
10%
4%
5
Beau
Beck
Aircraft
jaellanca
Bell
&
Convertible
14,100
3%
Jan
6%
Jun
1,800
10%
Jun
18%
60
110 %
Feb
10% xll%
11
11,000
Feb
113% May
16% July
7% Apr
800
19
%
1,900
325
3
1
Inc
Blauner's
23 %
8%
72
Bliss
(E W)
4%
10%
Jun
1% Mar
Feb
17
Jan
$6
preferred—,—.——.* "
60c preferred B
i
•
$6 preferred BB—.•
Auto
City
ft Suburban Homes..
Controller Co.
7%'
27
Jan
15%
Sep
Jan
27
Sep
16% Mar
20
Sep
5%
29%
8,400
Jan
40% Sep
.,
43
13%
13%
10%
1.200
Aug
Jan
13%
Sep
Apr
12%
4%
5
3
7,100
\
5% Aug
20
Jun
7% Feb
250
15%
Apr
7%
5.100
5%
Jan
3% Aug
Jan
4
152
152
10
145
36
37
90
30
1,200
4%
,
5%
46%
46
36% Mar
3%
3%
3%
1%
26,700
Jan
Feb
28%
28%
29%
1
•
4%
3%
4%
15%
2,100
3%
11.100
17
Sep
Jan
36%
Jan
Jan
Mar
53%
Feb
-26%
53%
27%
57%
27%
1,500
15%
Jan
28%
27%
3,300
9%
Jan
27%
Sep
Jan
Jan
144
Sep
Jan
38
July
Jan
15%
1%
2.700
%
Jan
2
Sep
May
700
34%
Sep
,48
Feb
140
•
144
1%
100
37
*
39
2% Aug
2%
3%
4%
23%
22%
24 %
5.500
20
Jan
24%
Jun
17%
17%
17%
1,800
15
Jan
19
Feb
6
5
5
—••
.
6%
19
18
1.000
5%
6%
3%
7.500
500
Am
American
dep
British
Amer
Class
-£1
£1
reg
B
Power
Class
A
19%
—
—
__
-10s
35
23%
Feb
Jan
.
Rubber Co
Bruce
(E L)
Co
Bruck
Silk
Mills
....
•
22%
.
1st
Burrv
Butler
2.650
730
11,600
Feb
Sep
7%
Jun
1/64 Jan
^
93%
I
TV
33%
1%
14%
1%
71
200
1%
100
,
41%'Apr
...
27%
11%
11%
77%
79%
110% 110%
6%
6%
;
15% Jun
2%
114%'July
106% May
5% Apr
Feb
43% Mar
Jan
50
20
^
2,200
7
67%
700
*
115% 115'A
Jun
2% Mar
Feb
Jan
„5
Ltd
Inc d
Jan
May;
May
Jun
80
Aug
*
:f 118% Jun
T* 110% Aug
"
7%
Jun
60
61
1.650
43%
Jan
65
18
16%
18%
6.200
8%
Jan
2%
22%
2%
21%
2%
1.100
2%
Jan
18% Sep
3%-Mar
23 %
3,100
7%
3,000
16'A Aug
4% Jan
25%
6%
7%
Jun
22% x22%
3,600
13%
23%
Jun
7
22%
220
102% 104
Jan
102% Aug
15
Jan
i
-May
I.1
—
200
4.050
6% Aug
%
1,800
77<t Jan
"3% 1%
14
3%
3,300
2
Jan
4
97
160
84
Jan
109
3
1.800
%
•
14% Mar
—
97
preferred A...
common
Hi
preferred
..50
—.
Petroleum
1%' convertible
"2%
2% Aug
35%
2%
35%
37%
200
32
25
24%
25%
5,200
24
Aug
1%
6.300
1
Jan
9%
1%
10%
8%
9%
6%
Jun
25
Jun
Aug
9%
Jan
Jun
21 % May
3%
Feb
Feb
Feb
Jun
40
Jan
10% May
31% May
1% Feb
July
Courtaulds Ltd—
American
Croft
...0
;
.—1
Co
Brewing
Crowley Milner ft Co
Crown Cent Petrol
(Md)
Crown Cork International A
Drug Co common
Crown
convertible
n%
—
—5
—•
Tobacco
Lighting
Inc
July
7% Mar
>
Jan
27
56
56
56
common.
4
5,900
3%
Jan
50
25%
Apr
Jan
10
4%
26%
5
*
2.50
*
(Mo j
Curtis Mfg Co
8
15
2%
common
Curtis
1,200
1.500150
18
4%
26%
Iio
Sugar
Cuban
18
25c
.28
—.
common
Atlantic
1%
10%
—
preferred
Crystal Oil Refining
$6 preferred.
Cuban
9%
receipts (ord reg). _£1
dep
Petroleum
Creole
32
r
11%
Jan'
11% July
19%
4%
28
Feb
Feb
July
4% Mar
Apr
61
x26%
Jun
13
15
Jun
28%
4,400
22% Mar
31
15
1.000
12
Aug
18
Jan
4% Mar
x26%
8
Jun
.13%
14%
34%
36
400
10% July
14%
Sep
Jun
D
Davenport Hosiery Mills—
Dayton Rubber Mfg
Class
ft
•
5%
3%
Jun
Dejay Stores common
Jan
8%
Jun
Dennison Mfg class A common..
700
24
Jan
23%
2.400
20
Feb
5%
1.500
5
1
91
3%
Feb
Jan
34
•;
.
Sep
26% Apr
98
5%
S6
8^
(P
H)
X41%
— —
13%
29
•
117
2.50
2
Corp
12 %c
25c
common
For footnotes see
41
13%
'
200
14
33
9%
.
3.100
10
Mar
Jan
prior preferred
Jan
Aug
page
1309.
6%
28%
29%
116% 117 r
13
14%
2
5%
2%
6%
20.400
20%
Jan
Detroit
Detroit
Gray
Iron
Mich
Sep
Steel
10%
900
8
1.400
92
!
40
Co
36% Aug
Feb
40% Mar
7%
Apr
Jan
11% July
9%
92
Feb
Feb
3.700
J
2%
2%
2%
3.900
...1
7%
7%
7%
1.700
37 %
200
36%
.10
-10
Apr
Apr
8
Sep
16
8%
i,
common
5%
82
Jan
18%
Apr
20% Aug
8
common.
21%
Jan
1%
5%
27
Jan
Jan
Jan
142% May
11%
Jan
27/b July
7% Aug
37%
Sep
25%
Apr
30% Aug
10%
-10
preferred
37
Jan
138
91
-20
Products
Vilbiss Co
7 %
7%
™1
Foundry
Stove
Detroit
10%
"7%
8%
Gasket ft Mfg
preferred—
Detroit
29%
9
-50
Derby Oil & Ref Corp..—
Jun
Sep
1,850
.100
Feb
14
—
debenture
41% Aug
10%
35%
-50C
Apr
5%
33%
1
..35
2%
33
Jan
22 %
35%
31
—
convertible
IOO
De
Corp Am dep rets
Biscuit
X41%
25
Sullivan
A
400
22%
Feb
12
Jun
650
111%
Jan
8,800
10%
Jan
14% May
29%
30%
1%
Jan
2% May
Diana Stores Corp..
-.1
23
22
23
4.500
13%
Jan
25 % July
11,600
—1
23%
22%
23%
1.200
11%
Jan
237/e
Dlvco
32%
34
20
Jan
36
V
18,200
117'
Aug
3
Jan
6%
4%
Jan
6% Mar
Sep
•
Apr
20% Sep
8%
■'
Jan :
113
20%
8
8%
Apr
Power—
preferred
preferred
Hill
*
12% May
"
60'/a
——
Reynolds
ft
Corf 'x>n
2%
•
ft East
•'v
36%
Jun
7%
700
*-
Aug
Jun
I.
11% Jan
1
•'
ia
Jan
>
' 1
i ■'
96
Jan
11
200
.
■
-
.Jan
41
%
.50
8
w*v\:
1
common
common.
Niagara
$1.60
Burma
.
20%
•
——
7%
—
Buckeye Pipe Line
$5
K
38
14%
14%
—
Co
Cornucopia Gold Mines
Coro
6%
Bunker
6%
21%
—8.. May
5% Jan
34% Mar
1%
.100
preferred..
prior
Cook Paint & Varnish Co
2%
.
common
Distillers
20%
'
prior preferred
Buffalo
K 13% July
11% Jan
3% Aug
3.000
33%
22% May
22
5'A Mar
„
•
preferred—
Forman
Brown
Jun
19%
,
—
class
...
Fence & Wire
Brown
20
20% Aug
dep rets ord reg—
Columbia
Brown
10%
Mar
Ltd—
Celanese
British
$5
ord
rets
f
53% Sep
6% Jun
Tobacco—
Co
dep rects ord bearer
Am
Feb
./>
5% Aug
17
200
19
31
British
—-—
Textile
Jun
...1
Oil
;,5 V;
itf
a«.
«
Retail Stores——. ...1
Copper Range
Jan
•
1
American
93
93%
-100
Consolidated
Consol
Sep
24%
51
750
12%
common
Jan
100
12%
4
36%
37
1
Co
Consolidated
5% Mar
26%
'
32
British
Consolidated
Jun
43
Jan
3%
*
•
preferred series C
—1
Consolidated Gas Utilities-,
Consolidated Mining ft Smelt Ltd. —5
Jun
110
Co
28%
100
■i
4%
$6
100
Mfg
950
6% v; v.:
19%
.100
Cosden
100
BriUo
12%
variants-
series B preferred
4%%
Jun
4%
52%
...100
Bridgeport Oil Co—
35% Jan
'325
; :
53 %
Jan
•
Aeronautical
%
6%
Jun s'
3% Sep
Jun
22%
.
100
Southern
Biscuit
Consolidated
Jan
153% July
Mar
100
Brewster
49
Jan
Continental Gas ft Electric Co-
•
_
42
X40%
6%
9% Feb
25%
Jan
8'/a
500
Jun
Jun ;
11% Jun
Jan
Jan.,
1%
.
Jun
13%
135
•
Sep
1
Lgt ft Pwr__
18;
17
18
-142
Jan
9
Sep
122% May
24% Jun
110% Mar
10
122
26,400
20%
20%
14"%
common..
Jan
12%
122
3%
Sep
18%
10%
Traction
Jan
200
11
3%
18%
20%
175
preferred
117
3%
Sep
15%
Corp
12%
2,700
————.——•
preferred
Jan
8,900
8%
14% Aug
1,300
1,600
37%
2d
16%
20%
128
12%
Jan
250
131%
19%
19%
130
85
108%
101
108'/a
19%
35
35
15%
$5
Feb
450
Jan
33%
37%
Brazilian
1%
1)900
r;?,l5;^
1,500
18%
35
Jan
Mar
15%
Breeze
Feb
% Aug
%
11%
-10
Royalty Oil.
Steel Corp
*10«
Co_'
1
Continental Fdy & Machine Co....
11%
125
14%
.
14%
22%
Jan
14
common
Sep
Apr
Feb
18%
6%
11%
6%:
Conn Gas ft Coke Secur common
Feb
350
21% (V* 9.300
6% vA 3,100
6%.
preference
ft
12
11 %
Community Public Service..
28
Community Water Service——-—1
Compo Shoe Machinery—
V t c extended to 1946
——-1
40%
12
22%
Arms.—..—..28
Columbia Gas ft Electric—
Commonwealth
Jun
45
3%
Colt's
23
Apr
Febr
~3%
Sep
10%
Jun
127%
34%
19%
7%
200
Jan
11%
Colorado Fuel ft Iron warrants
700
2.200
Jan
800
...
Jan
Fire
13
21
Jan
16%
Jan
Jun
44%
....——1
Airlines—
Patent
5%
15
■
18%
8% Mar
—"
1st preferred
Mar
40'/a
common.....—..*
Co
Apr
Jan
5%
1.900
*
-
-
Plow
Colonial
37%
1%
*.
Development ordinary
12
300
.
10%
AlumJjtium Utensil Co—.——*
Sep
15% May
Bowman-Biltmore
Mar
80
Feb
112
22%
Neon
24%
14% July
10 % Aug
Inc..
Jun
32
50
i
—
Jan
300
1st preferred
Apr
5%
•
123% 123%
—•
10
Stamping
City
Clark
17%
2,700
•
7 %
10
Cities Service common
Club
15% v
18
6"%
200
Sep
11% Feb
40
"*4%
20
5
Jun
19%
39%
13%
20
8%
10
common
4%
14%
40
200
85'/a
Borne Scrymser. Co—,,.—25
Bourjois
122%
3% Aug
2.200
Jan
25%
18%
15
4%
Jan
500
ft Co
Feb
67
65
12%
2%
7% Aug
11%
Co common.
Jun
14% May
Apr
4
58%
16
(S)
(H C)
Apr
107%
17% Aug
12
275
1.400
Aug
11%
optional convertible preferred
Blumenthal
Bohack
10% Sep
120
Jan
575
4%
11,200
8%
104
July
15%
Ridge Corp common
$3
Corp
Claude
1
common
12%
16.100
4%
12%
Chief Consolidated Mining—1
IChilds Co preferred
-—.——100
Sep
Fdy ft Mach Co com..*
—
Jan
20
4
19%
1
Mar
•
1
—
7%
118% May
104% Apr
300
5
common
4%
8%
70%"
•
common
4
25
Chicago Flexible Shaft Co common—*
Chicago Rivet ft Mach
—4
Jan
xll%
Jan
Aircraft Co
72%
101
100
...
common
66%
Lights Inc
—1
Clayton & Lambert Mfg
4
Cleveland Electric Illuminating.,....?
Clinchfield Coal Corp......
.—100
—1
common
20
19%
9
1
preferred
Birdsboro Steel
50c
100
1
Berkey ft Gay Furniture..
Blckfords
Utilities
100
6%
106
10
Hedges common.
21.100
118
preferred
West
Cnaris
5
•
common
10%
100
100
Canada
Tel of
Benson
Blue
1
Inc common
Shoe Corp
(AS)
pM
Cherry-Burrell common
Chesebrough Mfg
Jun
8% Aug
5
;
common
Mills
Beauni:
1
Consol G E L P Bait common—
Seelig Mfg—
convertible A common
(L)
100
pfd—100
5%
Light 7%
Sep
6%
112% 113
18%
11%
28%
114 % Mar
10%
1st preferred—...
Brummel Ties
7%
com
pfd
Products
Feb
Jan
10% xl0%
113
4
Jan
Andes—
Basic Refractories Inc..
Baumann
7%
Chamberlin Co of America
3%
ft
$1.20
&
Elec
ft
Cessna
4,300
shares.
Barlow
9%
105% 106
14%
14%
Feb
20% May
Jan
30
—i
Feb
Jan
Baldwin Locomotive—
—
Sep
10%
7% July
5.200
30% Mar
$3
Corp..
8%
20% Mar
B
Steel
10
8%
Mar
Jun
9%
7 Ve
Barium
33
Aug
Jan
7%
los
Jan
Aug
7%
Machine..—
.*
Avery (B F) ft Sons common..:——.5
6% preferred
———
25
Ayrshire Collieries Corp—
—
1
de
•
19%
24
50
18
5
4%
10%
Voting
American
~8%
10
Jan
18
28.900
11%
8%
4%
14
Banco
33
Jan
63
Jan
13%
—..1
33
'
45
Jan
13%
common
119% July
8%
14%
100
1.600
25
20%
1
Rubber Co
Sep
9%
18%
May
260
111%
24 %
Baldwin
116%
9%
16%
17%
1
preferred
»
....
19
Apr
50% Aug
20
7%
Colon
preferred
Feb
20
220
23%
1%
33
Jan
20
700
24
-
Mar
42%
25
20
3
100
3%
28%
111'/a 112
1%
—•
30 %
1
Power
Steel
South
Cockshutt
Babcock ft Wilcox Co
30%
21% July
100
3%
1
Automatic
Gas
York
§Cent States Elec
-
——
Jan
100
Company
Plywood Corp
Automatic5' Products..
Jun
16%
21
pfd opt div ser 29
700
3%
25%
28%
111 %
4%
Atlas
Jun
4%
pfd opt div ser
6%
10%
—50
Co
8%
Jan
Conv
5
Jan
changed to
F
D
Central
Jun
Aug
34% Jun
Jan
5%
6%
Atlas Corp
warrants—
Atlas Drop Forge—
Apr
1%
Conv
4%
1,100
1%
Coast
5%
Mar
1.000
8%
10%
Atlantic
Jun
100
10% Apr
6% July
5
•
ft Coast RR Co pfd—100
Coast Fisheries
1
9%
125
21
21
10
Power
Power
135
Jan
4%
8%
•
ft Tel class A
Jan
7,900
8V4
3%
8%
3%
3%
6
17% Aug
31%
Birm
Naihe
Central
1%
Jan
Ohio
7% Jun
Jan
Jun
IOO
•
America
Hudson
Central Maine
Central
Jan
%
27%
'
£1
dep rects reg
Atlantic
,
7%
120%
7
Apr
25% May
25
12
•
of
Corp
Central
'
Associated Laundries of America
Associated Tel
A
3,800
July
108%
28
com
& Co
16% Mar
11% Aug
12%
11%
5
8% July
Apr
•
Carolina P & L $5 pfd
New
Electric Industries—
Associated
Atlanta
12
27%
27%
22% May
Jan
Jun
40 %
Jan
41% Jan
July
108%
—
•
A
Products
31
Jan
5
8%
...
•
•
common
32%
250
6% Mar
1.300 '
Alcohol—
class
Co
Co
300
,
May
•
&
950
47
7%
20
25
Class B
Carnation
6,300
i
Fence
Post
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg—
Foundry Ltd—
preference
Products
City
23%
46'A
7%.
2,000
100
voting
36,%
23%
Jan
10%
*
common
voting
Class B
7%
Carman
Jan
1%
10'A Aug
8% Jan
Sep
8%
4i%
12,200
10% May
•
75
3%
4% May
Jan
Capital
51%
3
Jan
7%
6% Jan
10
*
Ltd
Industrial
A
Central
American
Co
&
23
3%
3%
mm
10 %
1
200
..
3% May
Canadian Marconi
250
Mar
4
Jan
Feb
113%
47% May
Jan
1%
Jun
38
Jan
xlll
2
500
5
Ltd
preferred
Class
400
2%
1
Corp
Co,
Participating
Sep
3%
2%
10
Insurance
Canadian Car
41 Aug
Jan
Fire
6% %
3
£1
1
pfd
Power
Tungsten
Sep
Jun
35%
23
Range Since January 1
Low
High
High
50c
Estate
Sugar
21%
22%
—*
•
Chemical
&
California
45%
,51%
1
Meter Co
American
Calamba
3%
Aug
4
4,700
44 %
convertible- preferred
$2
Sep
Jun
54 %
42% July
450
Lou?
50c
certificates
Mar
44
2,200
...
Shares
Wireless—
&
Jan
"V
A
Voting trust
Cables
22%
1% Mar
4,500
Cable Electric Products common
26%
uight—
ft
Power
for Week
Par
Jun
700
22
18
18
Range
of Prices
Aug
39% Aug
Jan
-
22
22
107%
Sales
Last
Exchange
Feb
8%
25
Convertible
Class
Co
Central
American
29
875
100
Beverage common
Book
550
39
46
47%
115% 116%
Curb
40
38%
100
1
preferred
American
American
48
38
47%
York
High
Aug
38%
38 %
—100
Industries common
Aluminium
Low
*
Co common
Aluminum Co
Hijh
Week's
Friday
Sale Price
New
37
10
'
common
conv
Altorfer Bros
14
Range Since January 1
*
pfd
conv
SEPTEMBER
STOCKS)
Range
of Prices
Por
Allied
1305
EXCHANGE
ENDING
Sales
Last
Sale Price
Curb
York
New
WEEK
FOR
CHRONICLE
Diamond
Shoe
common.
Corporation
Dobeckmun
Co
common
„.J
^
875
800
18
Jan
30%
Sep
Jun
July
r ".
THE COMMERCIAL &
1306
Monday, September 17, 1945
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE FOR WEEK
<
STOCKS
CnrhExeh****
K«r
t
,
Lart
Sale Price
Ltd
Steel & Coal B
Tar & Chem Co Ltd
Textile Co Ltd
Dominion Bridge Co
Dominion
Dominion
Dominion
—
28%
Apr
10;,
Jun
Aug
15
Aug
May
70
Aug
5%% preferred*wl* —
Henry Holt & Co common.
Hey den Chemical commonHoe (R) ft Co class A.
Apr
67
74
e
92 &
325
93
92
Jan
84
250
91
11%
Hollinger
Holophane Co
Apr
Horder's
4%
1.000
12%
300
11%
9% Aug
12% May
Sep
8% May
200
4%
12%
4%
common—-—
.1
Sulphur———*
Sep
Jun
95
Jan
9
Duro Test Corp
Jan
4% Aug
11% July
...
prior preferred
Eastern
Malleable Iron
Eastern
—.—
37%
37%:
Jan
700
19%
Jan
27% May
100
33
Jan
59%
10%
10%
4,600
18%
18%
300
10%
1%
2,200
2%
Jan
60
Jun
1st.
59%
47
May
59%
Sep
Zi
45
625
39%
Jan
48%
11
11
8
Jan
Jan
11%
20%
1,800
150
14%
15%
35,200
9%
Jan
97% 100
500
95%
Jan
100
102
3.400
97%
Jan
105% = Jun
112
113
100
70
Jan
.100
~2%
common—
Sep
3%
Jan
Sep
16
Sep
16
300
11 %
39
39%
125
35%
Jan
41
Sep
15
Jan
33%
Jun
26%
5,500
40
25%
11%
2%
300
11%
12%
1,200
28%
33%
28%
150
11%
"
46%
1
33%
35
108% May
12
Feb
Sep
10% Aug
7.200
46%
104%
100
1%
45%
2
Eversharp Inc new common—
113
Jan
104% 105%
—1
1
—
Eureka Pipe Line common
i5a
15% July
July
15%
x25%
I——10J
Inc
2.600
3%
2%
t*
.10
Palrchild
Brewing
Falstaff
1%
2%
Jan
Jun
48
Jun
7% Mar
13%
Sep
May
32%
31% May
39%
Jun
25
55%
3*4"
48%
59%
Sep
Jan
50 %
Aug
Jun
24*4
Apr
6%
6%
6%
2,800
5% Jan
Jan
f;
k
22% Jan
8
May
27% July
Jun
28
'
1
Ford Motor of Franco—
;'
rets bearer
Fort Pitt; Brewing Co_j.
dep
Araer
Pox
1
Froedtert Grain
ft" Malt"
stock
convertible
$3
5% Mar
7
27%
500
24% Aug
34
4%
13%
2,500
26
750
27%
28
3%
1,800
12%
650
4 %'
Jan
4% Aug
10% July
Jan
Gauneau* Power
co
Jan
29-
Amer dep rets
i
8Vs
82
11
10%
Jun
U%
7% i Aug
9%
,
100
0% Jan
,12%
3%
8,200
1% Jan
14'/a Aug
6% Apr
ord reg.
preferred—
convertible
$6
•
1°
10
10%
2,900
24%
23%
24%'
1.300
8%
"2% 1%
200
3%
2.300
101 % 101%
2%
140
3%
3%
1
5%
conv
|
Class
f-
prior preferred
Consolidated
Goodman
Gorham
•
Mines
Inc
class A
f
-
Great Northern
Grocery
Gulf
Stores
State
Bridge
Jan
3% May
48% Jan
13
90
103
Co
A
3%
Electric Light
Rayon voting trust
Brewing Co
Harvard
24 Va
47
Jun
Sep
Jan
82 %
common——1
—————i—1
—100
2
2
2Vs
2,200
1% Aug
3
Jan
2Ve-
2%
800
1% Aug
3
Jan
93
7%
39%
Jan
13% Mar
Jan
51%
39>/<
Apr
50
Feb
37
Aug
17%
10%
Apr
8% Aug
1,300
13%
3,200
9%
20
13 %
Feb
July
Jun
850
38
86
Jan
103%
Feb
25
99%
127
Jun
140
Feb
35 Va Mar
600
10% Mar
4,200
.;'o
7%
300
Jan
60
July
25
10%
109
8
Feb
—00
Hazeltine
Co
Hecla
Helena
Mining Co
42% July
22% Jun
10
Feb
114% Mar
10%
Jun
footnotes
60%
9%
1,200
Jan
12%
Sep
6
Apr
7
preferred—-100
Kennedy's
Inc
;
—•
r
Co
5
Kings Co Lighting 7% pfd B—
100
5 % preferred D—
—
—100
Kingston
Products....
Kliby Petroleum.—i—.
Kirkland Lake G M Co Ltd
*
,
see
page
1309.
,
..1
—1
1
•
10
Knott Com common...
—1
Kobacker Stores new common...—.!
Brewing
3,600
19%
6,800
_
1%
10
1,200
10
2%
500
29%
2%
200
~1%
"lVa
""%
"I
23%
800
11 Vs
500
2Ve
2%
14%
2,000
—
21%
23%
~2%
-
1
Lamson Corp of Delaware—.—!
Eakey Foundry ft Machine
100
1
Langendorf United Bakeries class A
•
Class
B
•
Lefcourt Realty common
.1
Convertible preferred
•
Leonard Oil Development
20
Le Tourneau (R G) Inc
.1
Lane Bryant
Sep
24% May
17%
21% Mar
Sep
Mar
22
Aug
2%
Jan
13
8% July
Feb
3%
Jan
23
Jan
31% May
Jan
53% Mar
lVs
Jan
17%
Jan
1 Va ' Feb
42
19
Jan
Jun
1%
% Jan
■
24
Feb
July
9%: Jan
13% July
8,600 x -k "'-l- Jan
4%M«r
11% Jan
f6%
Jun
16%
9%
12,300
1,500
50
104
Jan
108
109%
40
108
Jan
110% Jun
80
107% Mar
8%
8%
108
25
4%
Jan
9%
Sep
Aug
Feb
21%
Feb
25
Sep
20
25
114
100
109% 111%
xll9%
xll9% 119 Va
116%
Feb
120
Aug
Jan
17%.
17%
19
Jun
34%
35
1,300
28 % Mar
35
9%
10
150
8% May
12
Aug
Feb
x22%
23
2,400
18
Apr
25%
Jan
76
20
52 Va
Jan
77
Aug
43%
Jan
75
Jun
10
x22%
76
600
80
-
Aug
32
66%
60
5%
5%
7,900
3% Jan
5%
Sep
8Va
1%
2,400
7
9 Va
Jan
66
5%
1%-
53 %
Jan
60 Va
15%
19
16%
16%
8%
8%
Jan
IjV Aug
17%
Jun
300
16% May
20
Sep
17%
1,000
14% Mar
18
Aug
,9
1,000
8% Aug
10
Jun
Jan
100
Jan
20
99
18 Va
5%
Sep
11%
4,000
15 V8
Jan
23
4,300
3%
Jan
5% Aug
6%
Jan
11% Mar
Apr
100
8%
5%
8%
109%
8%
18%
5%
,
;
8%
9
1,500
18%
16%
19
2,800
30
30
30
175
7%
6
60
....
Line
Material Co
Lionel
Lipton
Feb
common
Locke Steel
Chain
&
Jan
3%
Lynch
Corp
1V4
Mar
Sep '
Aug
19
Sep
32
Jun
8.%
7 Va
70
2%
Sep
Jan
Jun
Jan
37 Va May
17%
800
20%
.19 %
20%
7,200
r6%
~5%
~6%
5,900
Feb
13%
Feb
14
Jan
20 Va
Sep
27%
17%
10
25
Feb
30 Va
Apr
2%
Jan
6%
Sep
24
Mar
19
Jun
24 Va May
250
18 Vs
Jan
24
13%
13%
13%
4,000
10%
Jan
15
Jun
1%
1%
13,700
2
1%
IV4 Aug
July
——
X22
0
preferred A ctfs of dep
preferred B ctfs of dep—
Land
-v
110
10
;
Lone Star Gas Corp common
Long Island Lighting Co-r
Common ctfs of dep
Mar
4
48
10,900
Jan
6% Mar
30
A—.*
Class
25 Va
500
63
1%
13 Vt Mai-
May
28%
.0
...
(Thos J* Inc 6% preferred
Groceterias
50
8%
6%
•
-
Corp
Lit Brothers
Loblaw
1%
1%
x22%
*
July
96
Jun
Aug
89
Jun
7
Aug
11%
110
Feb
114%
32
Jan
91 Va
.
—
89
91%
350
85
July
84%
81
84%
575
80 V4
7%
4,400
7%
7%
Exploration.
37%
Jun
37%
100
3%
common
Sep
1%
3% May
200
3%
22%
1,300
40
Feb
Jun
May
M
4% Mar
Manatl Sugar optional warrants.
9
Sep
29%
Jun
36%
Jan
Manischewitz
6%
Jan
11%
Jun
Mapes
13 Vs
3,300
13%
Jun
Marconi
26%
300
—
Apr
U Jan
1,900
Jun
1.200
1,200
13
7%
66%
preferred
7%
Lane Wells Co Common.:
300
—
42%
:
105% 105%
16
18%
Lake Shore Mines Ltd.
1.300
12%
Feb
9% Jan
18% Jan
600
10%
1%
1
9
25 Va
23% Aug
Jan
51%
29%'
—100
Co
11%
.
17%
19 Vs
Kleinert
33
26%
'
101%
19 Vs
15
(D Emil) Co common.
(I B) Rubber Co
Klein
8%
—
19
20%
19 Va
♦
<
11
—
42 Vs
—I
»
—
32%
•
19% Mar
5,200
Feb
Jun
27
250
"
.250
Rubinstein.
Class A
For
12%
30
2% A3-:-.-.:
4
4%
■
300
42 Vs
Louisiana Power ft Light $6 pfd
60
9
22%
40%
.•
22%
Mangel Stores common.
$5 convertible preferred
1
22
———100
•
Corp
Hearn Dept Stores common
85%
93% "Sep
Jun
55 % Mar
600
—
1
*
8
Hat Corp of America B non-vot com
600
98%
Sep
K
Louisiana
-
■
93%
98
^
coupon: shs—•
7%
preferred
Julian & Kokenge Co—
Feb
Jan
29%
3
4%
87%
98
10
1
———•
Jersey Central Pwr ft Lt 5%% pfd—100
(FL)
Jacobs
Jun
7% Mar
11%
Jun
29%
57%
Irving Air ChuteItalian Superpower h
July
July
1%
22 % May
—
—1
__1
Sep
113 Vs
140
Registered shares—
International Products
—
—10
International Safety Razor B—
-•
International Utilities Corp com
10
03.50'preferred ^———
—00
Interstate Home Equipment
—1
Interstate Power $7 preferred—•
Investors Royalty— iii———1
Iron Fireman Mfg voting tru$t ctfs—•
Sep
300
110% 112
—28
24%
30
82%
Jun
6
350
128% 128%
12%
100
113 ye 113%
16%
71% May
1.400
10%
Jun
12% July
19 % May
9 Vs
19
Jun
15
81
foteroationaf Petroleum:
Apr
33%
8%
15
Jan
Jan
21% May
106
Feb
200
10%
18 Vs
Jun
7% July
Jun
Jan
% M 28,500
37 Vs
May
12Va
500
24%
24%
113%
International Metal Industries A—*
International Minerals and Chemicala—
Apr
19%
49%
98
13%
13%
13%
cigar Machine——.*
Mar
4
104
9
30
ctfs
1,400
6% July
11% Jan
60 Va July
20
28%
82
International Hydro Electric—
Preferred $3.50 series
Jun
49
9
•
Hartford
13% Mar
.——100
Key Co common
Kldde
(Walter)' &
32
32%
—10
Hartford
500
11
International
Jun
47
10%
18%
Ltd
22%
Jan
82
Apr
Jun
% Jan
39%
common—25c
Paper
Mar
116
9%
H
Hamilton
Jan
15
13%
of North America
6 %
Hammermlll
25% May
53
1,500
Jan
17
100
'A %
$4.40
■
14%
400
18%
Sep
Sep
Krueger
39
—28
Co
2,800
57%
Jun
52
preferred—.
7%
Lamp
24
6%
370
Kresge Dept Stores—
4% convertible 1st preferred
39
pfd
100
Gypsum Lime ft Alabastlnc———
Rail
21
82
52 % May
105% 106
105%
.100
Products
Utilities
14% Mar
18 Va
13%
Industrial FinanceVt c
Sep
75
98%
•Greenfield Tap ft Die
1,000
80
preferred
1%
Jan
12,100
16%
Paper.
May
21
preferred——100
Indiana Service C%
24% Sep
148 Va
Tea—
stock
36
Mar
35%
82
19% Aug
6
12%
Non-voting common
7%
1st preferred
28
Aug
6% July
57%
^ft
Sep
115
65
(Cal)
Pacific
400
Jun
10
Jan
—.
10%
110
4%
Co_—
Atlantic &
46
Jun
3%
21
Ken-Rad Tube ft Lamp A
Jan
64%
5%
•
.10
conv pfd. .25
Varnish———— —1
Grayson Shops
J
4,300
•
,
Graham-Paige Motors $5
Grand Rapids
Mfg
Jan
Jan
May
17% July
17% Jan
3,200
20Vs
8!
Mfg Co
preferred
Gorham Mfg common
Gray
20
19
1
—
$3
'Great
19
—•
B
$4.50
Goldlield
42% Aug
23
18%
Indianapolis" P~& L~3%% preferred_100
Jun
18
1
_•
500
525
11,500
33%
23
52% May
|
19
Inc common
1,400
.00
CO———————
Zinc
Illinois
Jun
111%
19%
Sugars class A
43
3% May
12%
Gobel (Adolf)
23%
42%
10% July
24% Jun
20%
Imperial Chemical industries—
il
Am dep rets regis.
Imperial Oil (Ckn) coupon.
.'Registered —
————
Imperial Tobacco Of Canada—.
Imperial Tobacco of Great Britain
May
109% May
15
Jan
200
19
Gladding McBean & Co
Godchaux
18
106
2% Jan
1
Corp
Feb
7V« May
10% Jan
7
preferred ——
ctfs
Kansas Gas ft Elec 1%
108
92
1
|H CO
Coal
50
Sep
Jan
1% Jan
Co_
Harvester
Aug
"5% *6
3% Feb
Jan
13%
101%
(A C) common
A A" Preferred if
Alden
40 %
10%
Jun
11%
84
Gilbert
Gleaner
Jan
92
101
Geoifla Power $6 preferred.
$5 preferred
Glen
Feb
18% 4an
132
Gen Water Gas ft Electric common—1
Gilchrist
Jan
1,800
*
-
44%
9%
Jun
v
2%
2Vs
2%
common——!
5% preferred series A
10
General Fireproofing common
*
Gen Gas ft Elec 06 preferred B
•
General Outdoor Adv 6% pf<t
100
General-Public Service $6 preferred
•
General Rayon Co A stock———.*
General Shareholdings Corp com
1
Feb
41%
22%
Dividend arrekr
Sep
87% Jan
10%
General Finance Corp
28%
Jun
Jan
114
Sep
12,700
9%
11
common.
Mfg Co common..
General Alloys Co
Gen Electric Co Ltd—
Jan
Jun
Jan
77
preferred,
5%
23
109%
8%
Gellman
300
10'/a
1
common..
Sep
26
43
Jeannette Glass Co——
Garrett Corp
28
26% Aug
17%
60
108
106
preferred——101
13%
17%
conv
4%
Jan
Feb
-
55%
1
J———.—3'
common
Fuller (Geo A) Co—
800
25
4%
13
Stores
7% May
"6
6
26%
.1.29
(Peter) Brewing—.
Franklin
3% Jan
■■■
Franklin'Co DittlUing.
Jan
Sep
4,800
Mar
Sep
113
26%
.
22% Jan
400
26%
75
July
56
50
25%
Sep
56%
9%
1,900
59%
-*
"
■
17%
Feb
16
38%
59%
—11
rets ord reg.
Ford Motor of Canada—
Class A non-Voting—
Class B voting
dep
Apr
14.300
900
Aug
May
Ford Motor Co Ltd—
Am
Jan
3
Federal Compress &
Fire
Jun
4%
11
5,900
56%
49%
52
49%
14%
2,000
17%
17
CO————■
Warehouse Co—21
Association (Phila) ———18
34%
Jan
550
35%
Common
23%
3%
3%
u
Fedders Mf g
30%
May
28
20
110
Jan
26% Sep
130
41%
Illinois Power Co common.
Feb
Jan
43
11,200
12%
12%
12%
Metallurgical.
Pansteel
Jan
May
25
(Harvey) Inc..
preferred
7%
Inst CoEngine ft Airplane-
8
Sep
July
26%
Insurance Co
Fair child Camera ft
300
34%
34
112% 112%
Corp
Electric Securities,
fiygrade Food Products—
101
14%
:ii
40%
20% Jun
19%
B
Mar
Jun
17
18%
20
Jun
12%
Jan
Jan
124
34%
800
26%
26
Jun
12 V* May
Jan
14%
37
Hydro
43%
9 Vb
Jan
14
Huyler's common.
37%
47% May
Empire District Electric 5% pfd—100
Derrick & Equipment——.--!
$3
33%
400
Emsco
Esquire
25
600
.101
cominod
convertible preferred
Feb
59
-*
Equity Corp
46%
9
57
Hardart common
preferred
Jun
Apr
July
Apr
45
Light 2d pfd
A
Option warrants—
Electrographic Corp
Elgin National Watch Co.
Co
99
60
60
Electric Power &
EHtott
Feb
2.125
2 Vs
1%
Jan
78%
Jan
26
Refining —
Hummel-Ross Fibre Corp.
Hussmann Ligonier Co.
$2.25 preferred
Com stk purch warrants.
57%
57%
59
...1'Ie
preferred—
preferred—.
$6
57%
1%
J
1
,
Electric Bond & Share common
(
54%
37%
28
States Corp—
preferred series A
$6 preferred series B_
Eastern Sugar Associates—
$5 preferred
Easy Washing Machine B
Economy Grocery Stores—
$7
?$5
56
2%
650
95
92%
5%
mjk
Sep
3%
600
2%
2%
93
100
preferred.
16%
2%
—•
100
Gas & Fuel Assoc common
1,000
57
Humble Oil &
4%%
Aug
7%
25%
ft Co common
Stores
Aug
108
25%
Horn &
5%
14
Jan
.3.60
—10
(A C)
Howard
High
Jan
103%
7%
Inc
Hubbell
East
LOW
11
150
7%
common
(Geo A)
Range Slnee January 1
v
1
Co common-Horn & Hardart Baking Co
Horn
14% Feb
3%
High
106%
106
-100
Consolidated G M
91
,
Hormel
Dunlop Rubber Co Ltd—
Am dep rets ord reg
£1'
Durham Hosiery class B common—.
common
66
Apr
38%
84%
91
Duke Power Co
Duval Texas
Heller
15
f Sales
for Week
Shares
3
Feb
6%
300
10
Harris Co--—
Driver
~8% "8%
8%
-*•
•
Corp__
Draper
Co
5%
25% Mar
1
class A com
Domestic Industries
of Prices
Low
Par
Apr
4%
7,400
Last
Sale Price
High
Low
5%
4%
5%
„
Curb Exchange
'Range Since January 1
High
Low
Par
Week'a
Range
Friday
stocks
Tork
Mew
-for Week
Shares
Bangs
ef Prices
.
ENDING SEPTEMBER 14
Sales
Week's
Friday
7
8%
Jan
Jan
20% Mar
14%
Jan
26% May
15% Aug
20%
700
Mfg
Internat Marine
Communication
Margay Oil Corp
Co
Ltd
May
135
Mar
18
Mar
Mar
Jan
5% Aug
—£1
25%
24
27
700
20
Jun
23
Jan
33
Co.
3%
Jan
17
(The B) Co
Consolidated
2Vs Mar
14%
104
Mar
38 % Aug
6%
29
Feb
Mar
Number 4421
Volume '162
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK CURB
EANGE
FOR
WEEK
ENDING
EXCHANGE
SEPTEMBER
14
"
Friday
"STOCKS-
Last
Exchanf*
Curb
York
New
Week's
Range
Marion Steam Shovel
Shares
McCord
Corp
$2.50
1%
1%
800
11%
400
—
13%
>
43
16
16
-
v
«
Mead Johnson & Co
Merritt
Metal
A preferred
Textile
Michigan
f.
Bumper Corp
'•
Midland
;> Midwest
Mid-West
Co
.
5 Vt %
Montana
2%
5,400
lVa
8%
Jan
12%
Jan
16%
1,100
15 Va
Aug
3,600
12
30
37
37%
'9%
30
30
17
52%
50
5%
1,300
preferred
Penn
f
Penn Traffic Co.
Mar
i
53%
5%
.5%
Jan
Jan
14
46
; t
1%
4,500
3%
Aug 7
53%
Jan
Pinchin
Pioneer Gold
78%
575
60
Mar
28
200
13
Jan
28
19%
Jan
19%
78%
'
11% '12
......I
13
9,700
2,400
.
4
3%
4%
9%
9%
9%
700
1
3%
3
3%
1,600
12
183% 184%
100
...10
.
184%
-
12
20
_•
Apr
3
4,500
—10
•
9%,
Feb
*
;
)
'
13% Aug
4% Jun
'
9Va Aug
">>2V8 > Jan
16%
10% Feb
'179 W Feb
12
193
May
18% Mar
22
|
Apr
—
Jun
I
Sep
"
I
Jun
3%
?
Powdrell
43
10
Producers—.
2%
7%
7,200
2% Feb
1,700
6V4
Jan
9
Apr
>
250
24%
Feb
30
July
Sep
26
141
•
141
38%
24%
24%
1,200
18%
Jan
129
20
17%
Jan
1%
,
200
18
44
May
Jun
141
Jan
26
Jan
19
Jan
17%
100
preferred
89
Jan
98% Aug
>
226
230%
44
'
i
12
'31%
!"'V'
1%
Jan
34 Va
16
12%
>
■'*>
5%;
5%
6%
18,700
6.200
600
6
10%
11
:
18 > May
>
•14% July
32% Aug
7%'- Jan
1'1 > '10%
25% Apr
! Aug
4 '
Jan
-
3%
43
71%
<69
16%
141%
16%
'6%
>'*' 11% July:
'
Feb
44%
141
,142
4V2
5V8"
18% 20
].j, 5%
,20
200
1.400
1,500
■:
'
64%: Jan
14% Mar
117
Jan
>■>. 4
Jan
530
;
13%
400
Jan
19%
*
>
3% Jan
12% Jan
3.100
5%
19%
20°
6%
•
1%
40% >41
1%
1%
''
> 20%
V
America
•>'> 51
14
13%
>14%
1
6Va
.>■'">
11
111^
12%
10 Va
1.400
Gas
' Sep »
Marl
17%
>•.
5% Sep
>f22
July
11%
Jun
41 L Sep!
>i> 1% Mari'
J
73 -
Mar
% Jan
\
Apr
'20
V
Jan
12
4,400
6,800
■
.1
' Jan
1^ Jan
Jan
142% May;
Jan
>'31
450
7,900 >
Apr
'>78% May
16Va Jan
~4% J
Aug.
6% July
Jun,
Jan
.
Jan
18
•
Apr
x8%
.
.
>
Sep^
37%
18
'
Co
of
Jan
'
71%
Sep
Jan
:*
200
<
5%
Mar
15% May
>
1% Jun
v
Apr
13%
Jun;,.
Mar)
'
8Va May
100
1st preferred
9%
107% Apr
lllVa Jan
100
112
May
118%
Common
-
Nachman
Corp
National
Bellas
National
Breweries
-
7%
Hess
common
1
23
National
Rubber
Steel
33% May
17%
17%
17%
12%
12%
10,100
14%
Jan
21
July
Jan
16
Feb
Jan
19%
Apr
15% July
2% Mar
14%
14%
15%
1,400
1%
1,800
5
May
110
110%
20
107
Jan
10%
.
10%
600
9
May
13%
13%
300
8%
13%
N
Y
&
N
113
10%
17 Va
15%
275
13 V* Mar
2Q0
88%
91
560
161% 162
110
Jan
6
Jan
9%
Jun
76
77%
1,075
63
Jan
80%
Jun
25%
77
7%
25%
25
21%
Jan
25% July
230
110%
Feb
Feb
100
14%
30%
3,000
20%
Jan
30%
66%
2,500
63
Mar
.......1
4%
4%
4%
500
jj
Red Bank Oil Co...
'
123
25
25
40
7%
Jan
10
42%
x5
1,200
42%
42
10
8%
21
21%
400
187%
180
75
Jun
8%
1
200
107
74
70
,
5%
Power common
10
2d
preferred
...
i
Class B optional warrants
*•
'*•
Niagara Share Corp
class
6%
100
preferred
108%
"
76%
Jan
91
156
Jan
164
Jan
|
t V*
lVa
Jan
3
>15%
Jan
Jan
32
32
33
700
22%
\Y
55
•.'.-.80
52
Apr
6.100
17% Aug
18%
18%
2
19%
1%
2
600
24%
23%
24%
1%
1%
1%
6%
6%
1
1%
1%
1%
26.400
8
•
'
22
19
Rolls Royce Ltd—
Jan
23% Mar
i
21% May
\
IV
Jan
v,
6%
5.500
3%
Jan
1%
18.000
%
Jan
105% Aug
12
%
1,400
5
~2%
~2%
2%
2,000
Electric
I
1
North Amer Light & Power common—1
26%
26%
16,500
4%
19.600
1
preferred..
19%
Jun
19%
22 Va
Jan 5
Jan
17
Jun !
2%
Jan
7%
7%
1.100
T'
Class
B
Rayon class A
•
Li.Li
prior preferred
50
>- North American Utility Securities
Northern
23%
•"
4%
Central
43
42%
,43
53
53
1
■
Northern, Natural Gas ..U——
Northern
States
132
43
43%
20
w
)
18%
53
Sep
May
43% May
Feb
44
5%
Jan
56
6%
15%
6,500
400
7,
Jan
5%
Jan
108% 108%
37%
38%
17%
8%
17%
575
t
34% X35 %
X35%
600
vi
<„.i
■
.
fOgden Corp common
(Ohio Brass Co
5 Ohio
B
common
preferred
Ohio Public Service 7%
fr'. 16 %
1st preferred
.
1st pfd
;
Oklahoma Natural Gas common
Oliver United Filters B
•
Omar Inc
Oversea*
.
29%
100
575
4%
Bchiff
Bchulte
|
Jun
35%
116
112
112
112
20
33%
~8%
;
34%
8 Va
:
Jun
350
29%
6
117%
>
Co
'
Jan
Jan
9%
10
400
15%
300
35
8%
9% July
<10%
Jan
10
•
10»/a
5 Sep
3% Mar
9
Jun
Sep
Sep I
|
Jan
4%
Jan |
Feo
3%
Jun
27%
Jun
'
$6
16% Jan
7%
19,600
5% Mar
7%
7%
-7%
7%
6,900
6%
600
5% Aug
5% Mar
Jan
16% May
8
6Va 7
.
2%
2%
34%
34 V4
34%
ino
>4%
"4%
4%
35,200
93%
83%
93%
1.375
41
40%
100
300
41
2%
22
Sep
Jan
3%
Jan
70%
Jan
34% Mar
V
j
f
8Va Aug
>10%
8Vi
t
Jan
Feb
C
4%
38
1.
Feb
May
.4%
Sep
<
93%
Sep
{
41July '
111% Mar
pfd-~..~-~-~—«—•
'
$6
|
preferred—:
Bcullin
Steel
Co
•
-1
>5
...1
4%
*
16
Convertible stock
'
•
5
$5.50 prior stock
Allotment certificates
Semler
(R
B)
Inc
Saiety
Control—
r2%
2
4%
—
200
56.200
16%
21%
1,200
2%
8,400
8
—
Sentinel Radio Corp common—
faencry
53
,; 3%
15%
21%
III1
1,700
1.000
5
52
o—
—
;*
620
101%
13%
14%
97
.*
common
Lock & Hardware
Beiberling Rubber common
Belby Shoe Co
Selected Industries Inc common..
Feb
Sep
Jan
2,200
—.1
28
.28
common
preferred..
Manufacturing
Elec
2%
200
24%
116
Aug
Jan
114
May
Scranton Spring Brook Water Service—
•
Jan
Apr
I
'
"
; 3%
23%
18%
18%
91
92%
91
92%
92%
92%
25
25
25
100
19
-28
III
'
15%
£
24%
common
(DA)
Scranton
I
Jun
119 % Mar
^ 115% Mar
Jan
110% July
600
7%
5%
31
;
1,900
...1
Convertible
Scovill
Jun
9% Mar
Jan
2,600
6% Aug
6,800
4%
'Savoy .Oil Co....—....^......—.-8.
j
v
40%
United Corp common
Samson
Jun
19
Apr
22%
2.500
112% Aug
15
1
1309.
"
4%
31
100
;
1.
,
see page
4%
30%
•
Securities
F(cr footnotes
4%
•
7
> 5%
4
12%
—1
Segal
100
r
5
Mar
5
Regis Paper common
Salt Dome Oil Co
i
.
4
class
Power 4%%
■
19% Mar !
3%
Securities Corp General.
Seeman Bros Inc
t>
25%
Jan
...80
$2 conv pref...
A
St
\
110% Mar
14% Mar
6% Aug
26% Jan
11,200
Jun
18% July
105
106%. Jan
34% May
700
8%
.
Apr
6%
5%
Lawrence Corp Ltd.
Class
7% Mar
11% Mar
50
17%
8
6Va
"
6%
4%
d
*
St
Mar
1%
100
Feb
19 V»
|
f
vSep
53
50
2,200
11
Ryerson A Haynes common
5% May
136
Jan
25%
Feb
j*
I
26%
Jan
Mar
24%
25
—
Consolidated Petroleum—
Ryan
j
$
Jun
8% Mar i
6% Mar
18 Va
Ryan Aeronautical Co——
Sep
Feb
4%
Jun >
18%
Russeks Fifth Ave—
36%
200
5%
15%
38%
25
*
35%
99%
—1
.
Power class A
1%
400
6%
15%
•
Northrop Aircraft Ind
Novadel-Agene Corp.
I
14"% Aug
2% Apr
Jan
19% Mar
121
275
56
Northern Indiana Pub Serv 5% pfd—100
-
Aug
"
v
3
i
—JZ
2 "■
*
•
Oil
Texas
> Northeast Airlines
> North Penn RR Co
3%
130
•
common
Rotary Electric Steel Co
Royalite Oil Co Lta
8%
May {.'
May v
15
16 Va Aug
|
17 Va
Jan
12% Mar
•
i North American
6% Mar
13%
109
Jan
12%
% July
-h Jan
1,300
9,600
y$ Noma
,;
Tfa
8%
,
100
——
Aug
I
Sep
700
——
102
Feb
Feb j
19%
Roosevelt Field Inc
Jan
1%
16%
Root Petroleum Co
82
30
-6Va
.
Jun;
Mar ;
1%
16%
f
1
100% 101%
25
18%
3
7% July
Feb f
Jun ;
Corp common——
Feb
110
18%
Jan
Jan
rets for ord reg
Cable
May
Jan
3Va
26% Mar.
Art Metal Works——...
Am dep
Ronson
90
Jan
;■
1
110
3%
Jun i
May
23%
•'
Sep
%
700
Aug i
2VL Jun i
56
Aug
<14%
4
4
•<
33%' Jun
-
.,1.900
pfd D.
I
89%
15%
•». $6
Sep :
Jun
<
Rochester Gas & Elec 6%
Sep
850
8%
•
Corp B
i
Jan
42%" Feb
Jan
55
32%
>.:
29% July
75
Roeser & Pendleton Inc—......
32,300
15%
com——5
Mines.
Jun
Jun
20%
..1
5
7
15%
Nineteen Hundred
:*
6%
100
Niles-Bement-Pond
Nipissing
..
.
r
14%
525
25
Rio Grande Valley Gas Co v t c
1
108% 109
~8%
B
17%
36,900
3
20%
31%
32
—
Sep
14% Aug
106% July
Jan
2%
18%
24%
Goods—
Jan
42%
64%
Dry
Oil Corp. warrants
Richmond
Radiator
f
Jun
22
Stix
Rice
Richfield
16%
100
16%
Mar
1
Rome
L
Y State Electric & Gas $5.10
pfd-100
Y Water Service 6% pfd
100
1st
Jan
A
18% May
1 Va
2%
—1
Reliance Electric & Engineering
|
Sep
30% Apr
500
15%
48
Jan
Jun
t
5%
Mar
12
8%
Jun
31
2% Mar
•
•
124
162
Reed Roller Bit ■Co.....^..-^—
70% Mar
121
Shipbuilding Corp—
5%
rf
13
91
.100
$1.20 convertible preferred
*
HOV4
>>": 19
13 % Aug
Co..
Railway it Light Securities
Voting common
—-——10
Railway & Utility Investment A
i—1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
£3 convertible yreferred..;
;—•
Raytheon Manulicturing common..50c
)
3
100
700
26%
common
Niagara Hudson
Jan
R
f
8%
Power
Radlo-Keith-Orpheum option warrants.
11% Mar
14% Mar
64 %
Merchandise
common
preferred—..
J
Jan
9%
6%
Quebec
j
64%
Honduras Rosar'o
"<■
16%
14%
14%
j
Aug
30%
Auction
Quaker Oats
-
Jan
9 Va
City Omnibus warrants
N
6%
8%
9 Va
25
shares
Jun
28
Y
Y
11%
1%
5%
122%
Co
Y
Founders
1,300
1%
—100
New Idea Jnc common
N
1,200
5
5%
a
N
16%
Jun
•
N
>> 17% Jun I
Sep
'
5
16%
B
Land
New Process Co common
Jan
105
420
"300
f
11
13%
—100
New Mexico & Arizona
•
I
14
i
14%
4.200
106
17% X17%
Pyrene Manufacturing
1
......
N Y
12%
Sep
"•
England Power Associates..
6%
preferred
—100
$2 preferred
•
•
Co
Apr
July
Nestle Le Mur Co class A
Clock
16
105
^
23%
Jan
10
New
Haven
15%
105
i
1
Tel
15%
—
Jun
38
Feb
Neptune Meter class A
Jersey Zinc
Jun
39% Mar
24
11
Ltd
ti
;
|
8%
12~50
Tel
f
19% Aug
15% Jan
2,000
12%
Machinery
Car
4
Jun
Sep
25%
Jan
.—1
Nebraska Power 7% preferred
Nelson
(Herman) Corp
New
2%
39% Mar
National Tunnel & Mines common
1
National Union Radio
—30a
New
300
•
National Transit
England
24
19% Jan
23,500
50c
Fuel Gas
National
New
4
23
8V3
National Mfg & Stores common
National Refining common
5
100
22%
3%
•
common
preferred
National Candy Co common
National City Lines common
National
1
22%
—
—i..
$5 prior preferred
Puget Sound Pulp & Timber....
Pyle-NaMonal Co common
<
Jun;
Puget Sound Power & Light—
N
;
Sep >
45
K Jan
11%
<■-'
2,800
30
Sen
Sep
230%
<
,
11
175
5,300
10%
-■i
30
400
9%
6%
76%
<-;■
Jan
32
.10%
.
Public Service of Colorado—
6% 1st preferred
1
151%
200
44%
.
363
"15%
6
<
Corp of Nevada
Providence
Feb
>">
>^11%
>>31%
15%
Prosperity Co class B
May
10
17%
Jan
"
Jun
13 Va
•
2%
Jun
Jan
Alexander
Metals
Jun
112%
3
Premier Gold Mining
Prentice-Hall Inc common
Pressed
Jun
115%
Jan
common
Si Lambert
Producers
3J/a
Jan
107%
•>: 57
.
i
Jan
'109%
/
1.70G
30
com.
1%
360
1.800
-
2.200
;'
Jun
82 Va July
51 Vi May
>'*>.' 50
2%
•r.
1
8Va
Jan
6%
44
Jan
Mar
76%
Power Corp of Canada—
Pratt
?
7%
25 %
100
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co common
100
2'/a
7%
•
common
43%
1%
ti
"s
Sep
31%
Mar
!
6
10%
Ltd
78
?
X74
Polaris Mining Co
;
s
•
Scale
25
Feb
58
42% Mar
-
5%
6.100
2%
•
1
Mines
7%
May
22
Jan
80%
Feb
50
Jan
230%
25
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh ^Plate Glass
Pleasant Valley Wine Co
Plough Inc common
Pneumatic
?
.1 i
5o
pfd._I
9%
"
Mar
6 ■■:■■'■■.
wfl
Pitts Bess ti L E RR
Sep
40
.76%.
■■'■:
Pitney-Bowes Inc
?,
18%
11%
44 Va
50
xJ09% 111%
Ltd Am Shs__
Piper Aircraft Corp
•
Sep
Sep
40
2%
common
Johnson
Jan
47
•
Co
Governor
Jan
42
Jun
9% July
15% July
Jan
18%
6%
.10C
common.
Packing
Pierce
6% May
,
76%
19%
.
Phillips
Sep |
Sep 1
8%
33%
80%
•
Phila Electric Power 5%
Feb
17%
Aug
Philadelphia Co
:r,
J''
100
700
-
29
Pharis Tire & Rubber
r
.
; Jun '»•
11% Apr |
35% Jun i
26
Jan
'
May i
i Feb
4
87/a
!
.
58
Xl09Ve Xl09%
2.50
>■"
Sep
56%
•
-m
8% July
25% Sep
5% July
15,600
21V4
•
Penn Water & Power Co
preferred
.?eb
115% Aug
;>■
Jan
25 Vi
'i
42
-
Light $7 preferred
Jun
39
x22%
100
48%
'20%
l
I
30
Feb
3%
- -
700
-
:
Feb
16
100
25,900
23
Mfg Co
Perfect Circle Co
2%
56%
Jun
Power &
25%
25 Va
:'6%
12 V4
12%
•
May
$6
.Jan
I•
^
Apr
109
Jan
7
600
5%
Pennsylvania Edison
Jun
104% July
110
Jun
38 Vi July
•
48
21%
•
A
21
42 V»
t"
•
1
Pennroad Corp common..
.
Jan
.?
1
common...
15%
27 > Jan
375
_.l
Mountain States Tel & Tel
6%
$1.40
Telephone
Jan
100
Q ■<
25%
'
12%
i
30
>
25%
6
10
5 :>
'Jan
8V3
i; 200
.7
Power
High
Jan
<
.
500
113
25%
r
Am shs
Corp
t
38
36
700
37%
's
•
-14%
200
40
113
Co $5 series pfd.*
$2.80 series preferred..
•
Perm Gas & Elec class A com
•
27%
A—
States
Loto
,20
107
8
_*
Parkersburg Rig & Reel
Patcliogua Plymouth Mills
'
.7 Mar
28% Jan
'
•
300
17%
52%
78
Dakota Utilities
V
Bangs Sines Jannarv 1
High
107
•
23
t,
26
800
3%
3%
—1
>
-
2.50
Mountain
Motors
Parker Pen Co
Jun
"
Mountain
Paramount
'
475
9%
Moody Investors partic pfd
Mountain City Copper common
J
3
13 Va
10% Aug
100
9%
common
'
Shares
39%
37%
pfd..«._100
23
-
Aug*
11
100
•
u
2%
!
6,700
3%
preferred—;
£
Sep
Sep
12%
Jan
1,400
3%
Montgomery Ward A
Montreal Light Heat & Power
•
J';
7%
8 Va Mar
2,200
1
Monroe Loan Society
f
|
*
'"700
39%
37%
•
preferred
Pantepec Oil of Venezuela
51% Aug
Jan
11%
3%
.
conv
3
21
12
—
1st
28
Page-Hersey Tubes new common
American Airways warrants
Peninsular
5,100
> 3%
3
14%
15 Va
:—"
Corp..
Pictures common
Monogram
Jan
16
;
37%
common—
Molybuenum
?
12 Va
10
Cupply—
.> A j/r"* '
.;>MoJud Hosiery Co Inc
M
tot Week
LOW
Pan
I
5% Mar
;
Jan
7% Feb
Jan
11-50
Missouri Public Service
110
Jan
3%
2Va
16 Va
——
conv preferred
Mining Corp oi Canada—«
Minnesota Mining & Mfg
.'
3%
400
30
5%
;
2,600
11%
shares
Refineries
Wohl
Miller
5%
Jan
$1.30
Sep !;
Sep 5
Sep I
.
—
&
100
'
Feb
.
19%
Apr
187/a
'
3
Co
Piping
3%
4%
12
15
Abrasive.;
Oil
Midwest
Sales
Bangs
sf Prices
20
Pepperell
Steel Products—
Mid- West
c.l
$2 conv preferred..*
j:
$2;non-cum dividend
'r
Middle Co common
'
v t
:,1
Midland Oil Corp
;! Week's
r
common.
Pacific Power & Light 7%
Pacific Public Service
?
'
2y«
—....—S
common.
149
Jan
Co
Pacific Gas St Elec 6% 1st
pfd
5% % 1st prefersed-ilviv-iv-y—
Pacific Lighting $5 preferred
Sep >"
<
6
;Jan
*
13%
4'/a
6% > 7%
11V1
19
1
ClaSS B V t C
Corp
(91
25
Pacific Can
Feb I
:X
190
Jan
4
'
10
West
4%
300
6%
-•
Middle States Petroleum class A
Middle
Jan
45
1
Preferred
18
i,
Jun
4
:_2.50
—
45
144Jan
15
Micromatic Hone Corp
1
Last
Far
Sep
12%
450
1061
i Mar
.
13%
'2,000
5%
>4%
95
36% Mar
7,400
25c
preferred—.
Jan
(
10
•
5%
19%
106
l
—-
Corp
Michigan Steel Tube
Michigan Sugar Co
190
5%
..100
—
Mar
7
•
1,800
17%
5%
Participating
Friday
r*"
2% Jun r
12% Jun j
7% Mar
325
132% 149
18 %
Scott—
Messabi Iron Co
'■ft
>
I
High
Jan
,
'
ExchsiifS
V.13 % July !'•
P#
'
5
common™-.
Chapman &
6%%
'
5'/4
Warrants
:
/.(l
2,100
'
44%
16%
:v
190
Ila
\u Memphis Natural Gas common—
Mercantile Stores
Curb
,
12 V*
'
■
«
York
Sals Fries
Jan
95
13
,44
McWilliams Dredging——
'I
8%
o
pfd-
common....
preferred
300
11%
McColl-Frontenac Oil Co 6%
>
Loto
*
V/2
H Massey Harris common
New
Baage Sines Janoary 1
High
11% ' 12
'
"">•
STOCKS
far Week
Low
>. Mass Utilities Association V't
•
ef Prices
Sale Prlee
\
Sales
1
__1
..1
*
7%
1%
:>7
1%
10% Jan
4% Mar
42%
Feb,
Jan
2
97/a Jan
19
Jan
1%
147/a
Jun
8% May
53
4%
I6V4
t
Sep
Sep
"
Sep
v
22 Va July
Jan
2Vi
Feb
Apr
Jan
19%
82% Mar
92%
50
83%
Jan
92%
Sep
1,600
14%
Apr
25 Va
Aug
2.850
500
>
88%
12
7%
3.600
6% Aug
1%
800
H Jan
Sep
7% Aug
2 V*
Jun
,
EXCHANGE
NEW YORK CURB
RANGE
STOCKS
New
Last
Curb Exchangs
York
Week's
Friday
Range
7
of Prices
Bale Price
Low
B..
Serrlck Corp class
"
•l
v
;
;
:
400
15%
Apr
18%
125
125%
1.000
125%
Sep
116
Singer
(Howard)
Smith
Is-*?
6%
22
7%
Jan
8
8%
1.300
3%
8.400
9%
9%
6%
2.100
47%
700
42%
36'A
450
27
44
'40*
-J
5%
'47
47%
•»
1.
J,
.
36 "A
au
Line—
>
2.500
'Southern New
"•
e
>X
•
Jan
30%
Jan
29% Mar
10%
Wi
'ie
: W
*■
'i
.
-
i
\ Standard Power & Light
*.
.
25%
27
35
35%
3.200
350
5
25
*0
~M
J
25
50
21'A
2iy«
21%
300
1%
1
1
1%
300
18
18
18%
1,800
%
Co of Canada—
Stein (A) & Co common.
P""'
Sterchi Bros Stores common—
1st preferred————
5%. 2d preferredU<"
Sterling Aluminum Products
be-Sterling Brewers Inc
j'.Jr Sterling
4%
4%
5
6%;
6%
6%
Sep i
21%
Sep
Coal &
Va
Coke.——
Jun
2%
Jan
Jun
C)
(R
ft
Produrts
14
14%
3%
2,900
Jan
Co....
10%
14%
14'A
6%
15
6%
11%
500
8%
•
—9
600
Ltd-i
(F W)
17%
16
2%
100
17%
2%
—-•
1,650
21%
21%
1%
55%
57
19%
*
Tilo
;
>V.r
■■i
9
i-'s
Mar
35
Jun
28
May
■
14% July
164
Jun
:
Feb >
;
27%
25
39%
6% Feb
113
Jan
9
5,100
Sep
40% July
Jan
Jun
May
Feb
21
14%
Feb
-14% July
13'A Jan
21
Jan
19
' ' ' Li.-
12
100
14
15%
17
10
Jan
11%
575
10
100
■•
-
110
Jun
6%
400
5
18%
3,400
8V2 Mar
9
9
9
1,200
8% Aug
3%
4
7,100
•15%
17
Sep
11
Jun
112
Aug
Jan
8VA '*■
18%
15% Jun
*
Jan '
6
10
110% 110%
110%
11
Jan
3
—.is
17%
19%
6%
6%
July
6%
Feb
18%
Sep
12%
•
Feb
15
May
Jan
Jun
s
f
debs.
3%s
s
f
debs—
17%
Jun
Jan
31%
Jun
57
Jan
32
33
33
22%
22%
118
"7%
Land Co
•
27%
7
6s—
Writing Paper 6s—
Appalachian Elec Pow 3%s
Associated
20
Feb
lAssociated
12 Va
Apr
Elec
33%
Jan
116
Feb
4%s
Atlantic
102%
.100
j-d
J-J
109
109
5
108%
111%
A-0
125
125
1
123
129%
J-J
88
100% 101%
100%
92%
102
29
38%
137%
MS
42
37%
38%
158
29
42%
39
33
39
464
29%
43%
5s
1968
A-0
38%
37%
38%
50
29
5%s__
1977
f-a
39%
13
29
43%
-195&
M-S
103%
39%
102% 104 Va
21
99
104%
1964
MS
1105% 107 %
J-D
110% 110%
1118
119
118
121
183
deb
i
;
City Elec 3%s
Bell Telephone of Canada—
1st M 5s series B_.
1
1,150
39
Sep
i
Bethlehem
9%
Jan
14%
Jun
;
Blckford's Inc 6%s
7%
Sep
9%
'
109
<110%
109%
38
30% July
4,100
1
101% 101%
104%
f-a
Jan
14%
49
J-J
12%. Jan
13%
107.
1949
26
1,500
108%
106 %
1
1950
1,400
14%
108%
J-J
2
39
43%
108%
105%
Jan
Jun
121
Jan
108
.1948
....
3,700
6%
107
104
Co—
Assoc T & T deb 5%s A
Jun
25%
Jan
t
107
101%
1961
1970
4%s..
deb
M-S
1953
Elec
&
deb
J-J
102%
.2024
4%s
Gas
A Con v
7%
-39
14%
Realty ti Construction.
27%
7%
19% Aug
4,700
10
Jan
High
'
1
102% 102%
107% 107%
.2016
*
^Amer
Sep
J-J
1960
28%
36
14%
900
23%
118
27%
common
5%
Range Sinee >
January 1 I
Low
No.
Low
1970
Appalachian Pow deb 6s
Sep
Week*aRanfa#
or Friday's' *Bond*
Bid A; Asked
Sold
1958
3%s s f deos
25% Mar
Apr
Last
Sale Price
American Gas & Electric Co.—
2%s
Jan
400
Exchange
High
Jun
14%
2,100
Friday
Interest
Period
Curb
3% July
Jan
Jan
45
19
Roofing Inc...
Tishman
12
Sep
18%
10
—•
X Technicolor Inc common.
(••Texas Power & Light 7ft pfd
■i
5% July
Sep
38%
Jan
.
Sep
6%
19%
350
225
57
...
Co
Jan
4%
2,100
135
BONDS
York
New
Feb
15
Jan
12
Sep
23%
21%
Taggart Corp common
Tampa Electric Co comm
Shovel
Jan
700
6%
Jun
Aug
AConv
'
3
18
100'
37
Sep
Jun
29%
•
?
A Debenture
r
Mar
114
July
W"
fvTThew
17
15%
Jan
* Mar
300
4%
8V2 May
Jan
10
3%
2
—...
AConv deb 5s
6?,VTexon Oil &
Textron Inc
300
111
10
.1
AConv
r'
Sep
Apr \
f
16
Jan
14
Sep
54% May
4% May !
3% Feb ?
4,000
17'A
-
.
pfd—100
American
deposit receipts
Wright Hargreaves Ltd
14%
Apr
1,600
8%
Sullivan Machinery.
...
—•
Ray Drue Co
——1
Superior Portland Cement—
>"*
$3.30 "A" part
•
r
16 Va
6%
10%'
11%
—•
common B.
Woolworth
23
Apr
15
6%
Swan Pinch Oil Corp
11% Mar
•
V
68
Mar
J
vi
-
....1
I'
6% July
Jan
53
16%
common
Jan*
2,000
.10
Inc.—
|
5
16% Mar
•
1
-50
20
1
•7 Sun
"B"
Apr
12%
4% 36
*6%
14
L.
Woodley Petroleum..
v.
Class
82V\
28
2
i
%! Jun
%• Jan
6%
Jan
107
i..
Woodall Industries* Inc
' Jun
18%
Jan
9% Aug
16%"
39%
;
Sep
145
Jan.
3
54
1.800
'
i
Jan
Jun
1,800
15%
—10
Inc..
Amer Pow & Lt *leb
v
5
Wisconsin Power & Light If*
Wolverinp Portland Cement
X':
.1.28
•
Winnipeg Elec
-
v
1%
1%
I'll8
Willson
5% Mar i
;
I
Williams
Jan
Jan
98
'190
5%
14%
4%
^
KnlttlnFMiHal—HI
Wichita River. Oil Corp.
Jun %
Jan
11%
Feb
3% July
Jan
5
Weyenberg Shoe Mfg
(
h
61
83/a
k;,Stinnes (Hugo) Corp—
bVstroock (S) & Co common
:
Feb
18%
1,500
16%
%*Stetson (J B> Co common
1 Aug
1%- Feb
26% July |
105^
16%
Westmoreland
Jan
2,000
——--1
Inc
21/
Jan
Western Maryland Ry 7% 1st pfd—100
27%
3% Jon
«
Western Tablet ti Stationery com..
*
Westmoreland Coal..
—.20
36
Jan
1%
600
10%
28
West
Jan
8
Mar
27%
Jun
10%
'
—•
,
17
Jun
80%
Jan
*
i; Sep :
6%
1
Jan
4%
Jan
7%
'
_———1
trust ctfs—1
f; Bteel
ii
13,500
%
—*
Starrett (The) Corp voting
Jan
5
5,600
1
1%
J
——
14%
70
4'A May
Mar
65%
81
5%
9%
10
Manufacturing
West Texas Utility $6 preferred
'Aug
*
—.
Standard Products Co
'-. Standard Silver Lead
:'. standard Tube class B
11
500
4%
5
'
Preferred
Jan
600
3
Feb
625
Co—.
ClftSS
r.
Common clafcs B
«
9%
Apr
Sep
8,200
3%
80
1
We.ntworth
i
135%
11 Va Aug
37%
92
—
Petroleum
Aircraft
Wayne
s
Jan
X5fl%
Jan
3,600
10
15
>
Jun
500
1%
35
{/(^ndard Dredging Corp common—'
convertible preferred——
Standard Oil (Ky)---
5%
1%
26%
-J
10
$:,60
May
31% May t
Jun ;
31%
11
2.200
7%
5%
5%
1%
—-
it.
5
8
8
*5J
'
■
230
•68%
3
Wagner Baking voting trust ctfs ext—•
7%
preferred...,
IOC
;"j Sep I
Jan
800
70
70
—-—
Manufacturing
Waco
.
Aug
100
ioyB
11%
11%
M
(A G) & Bros pfd
r*-f spencer Shoe Corp——-—
Stahl-Meyer Inc___
Standard Brewing Co
^Standard Cap & Seal common.
V Convertible preferred—
46
41%
3%
Jun
26
—1
'Waltt & Bond claes A———•
38
100
.10c
—
4%
79%
9%
24
6%
W
Feb
300
'
4
79
9%
Aug v
8
—**
'Spalding
49%
31
•
4%
79%
III1
Sep
4% Aug
21% Feb
450
37%
Apr
18
-
Sep
Jan
31
2,700
24%
Jan
•
134%
—
•1
6%
10
May
5
35%
36
Jan r
3%
Jan
Jan
31
43%
Telephone—100
England
Phosphate Co.
Southern Pipe Line
*
Southland Royalty Co
Jan
4%
■
Venezuelan
9% Mar
7%
.
...5
——-
preferred..
Yatefc-r Corp common
$4
convertiole preferred
'
Jun
.
4
5.-
30%
43%
29
~
—;jj
.Southern-
2%
■
•
Utility Equities common
$5.50 priority stock
Apr
Jan
5% %
"
113
10%
: 3%
'
4%
High
Mar
12%
.10
——
Light $7
Utah Radio Products
Jun
6,200
8
Insurance
Utah Power &
19% July
9%
6%
V
100
Jun
;
6%
Feb
; 3%
*
—
17%"'
16%
16%
•
Edison—
110
100
17 %
Jan
370
,
Jan
Low
18
Mar
6%
19% July
i
original preferred
preferred B—-—
preferred series C—
$%
111% 111%
36
267% Mar
140
333
Apr
Range Since January 1
High
—
Utah-Idaho sugar
July
16% May
Jan
3
1.700
4%
}
Manufacturing common.
-< South Coast Corp common.
south Penn Oil
y$ southwest Pa, Pipe
yV Southern California
12% Mar
1.250
Universal
Vogt
Boss
.4
4%
323
-41
10J
Corp
Sonotone
26
B_—
Universal Products Co—-—
116% July
21% Sep
Apr
32
100
Co
Solar Manufacturing Co
V,
14%
4%
4%
r~*
,
Solar Aircraft
-
13%
,
(H
Mills
Paper
20%
#
ord
city Gas & Elec It
Sioux
Jan
Class
—
dep ret*
Amer
102%
114% Jun
.20% Jan
20
Low
17'A
Universal Cooler class A
Jun
600
#
Manufacturing CO——
Manufacturing Co Ltd—
Singer
Jan
116
125 %
Shares
-10
011—
Universal Consolidated
Sep
16%
.
•
Simmons-Boardman Publications—
$3 convertible preferred
: Simplicity Pattern common
r
10%
8%
Jan
16 %
& Power—
Sherwin-Williams common
4 % preferred—
Sherwiu-Williams of Canada
0ick's Breweries Ltd
8ilex Co common—
r
5% Mar
100
3%
12
4%
for Week
For
High
900
4%
Shawinig in Water
V-
Range Since January 1
12% July
5% Jun
11%
12
Leather common—-—
anattuck Denn Mining----—
•Seton
Sales
Range
of Prices
Friday
Curb Exchange
York
New
Low
8%,
Week's
Last
Sale Price
STOCKS
Sales
for Week
Shares
High
avz
8%
14
SEPTEMBER
ENDING
WEEK
FOR
Monday, September 17, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1308
Jan
Apr
14%
'
Jan
69% Aug
3%
Jan
':
5s
C
series
Boston
....
Steel
Edison
.1957
.1960
—
M-N
110%
113%
—1998
—
Q-F
1170
170
.1962
6s
A-0
1111% 113%
110%
112%
10
102 %
105%
J-J
79
76
80%
85
58%
85%
1954
M-S
80
75%
81 %
115
59
1927
2%s—
MS
83%
83%
84%
67
68
.1970
J-D
1027/8 103 V*
•
Tobacco & Allied Stocks.
v
Tobacco
61
Product Exports.
7%
-7%
-
7%
2,000
7%
Sep
5
'
IA Central States Electric 5s
A5%s
-Tobacco Security Trust Co Ltd—
1
j ;
12% Mar
Amer dep rets ord regis.
:
:
'/ '
1%
1%
1%
400
13% May
1% May
91% July
90
85
90
460
•1% Sep
71% Jun
110
.n P* do Edison 6% preferred.
110
110
50
107% Mar
112
117
117
10
111
117
.100
.7% preferred
Tonopah Mining of Nevada..
1%
1%
1%
600
May
lVa
Jan
Cities
<
Service
I
Debenture
r
Debenture
Consol
2 % July
Continental
5%
.10
5%
8,000
4'
Jan
49 %
4,900
35%
Jan
1%
2
2
1
"9%
9%
•'
15
I
10%
7%
1,400
Apr
'
10
10%
2,700
5% Mar
.
Sep
Feb
10%
Elmira
3%
1,200
2%
6%
4,100
4% Mar
7% Aug
7% July
8%
•
6% Aug
100
Products
1
60%
60%
10
13%
14%
14%
11,500
71- -l
Jun
5s
Jun
• !-
109% 110
32
10
&
'
_•
-7
25
14%
20 Va
13%
; 19%
1
25
14%
stamped
20%
'
Nor
Mountain
22,000
14%
14% Mar
38
Jan
86
Feb
..
20Va
v
6%
275
45
Jun
Sep
1%
1%
1%
"700
80%'
1,375
X79%
-25
7%
286
1% Mar
;
x80
Sep
2%
Jun
Guantanamo -&
Illinois
•
Apr
20
44
Feb
50
13
600
9
Mar
14 V* May
13%
12%
14
16,100
13%
14%
Jv:45 1st preferred with warrants..
.
Rubber
..u.
i
2
95
"III
8%
•
Reclaiming
1%
91
•8%
2
14
Sep
200
13%
Apr
20%
13,300
1 '/a
Jan
2%
Feb
Jan
95%
Sep
100
8%
1,600
2%
2%
200
United Stores common—.
.500
"3%
.2%
3%
—2
6%
X6%
6%
13,700
4%
1%
3,200
United Wallpaper, Inc
83
;
""
For
footnotes
see
page 1309.
Jan
Jan
4%
9% May
West
-1958
A-O
1105%
A-O
Jan
55
106%
105%
107
92
101
—
55
74%
67
77%
104%
—
106
104%
1104
1957
Service
5s_
J-J
1st
lien
&
ref
A6%s
103%
.1963
F-A
M-N
1108
1955
'
3%s
1
1941
coup)
J-D
1941
coupon)
105
102%
105%
(July
1941 coupon)
Interstate
Power
Debenture
Altallan
6s
Superpowei
6s
2
55
27
51%
J-J
1968
99%
J-J
J-J
92%
106%
,
"4
17
31
99%
94%
50
97
:
63
99%
I
58
102
92%
50
15
49
49 %
106% 106%
J-D
1118% 120
71
;
37
:
■
,
:
95%
61
-
105%
107%
104
5
1104% 107
Ar Electric 6s
60
55
M-S
Kansas Ga.s
60
63
55%
53
2022
Kansas
63
37
52
J-J
1965
Electric Power 3%s__——1966
Sep
Sep
62
28%
37
M-8
3%
;
54
31
1952
Jersey Cent Pow & Lt 3%s
109
30
57
54
T-'a
1957
1952
5s
103%
105
106
109
154
54
102%
102%
1957
1952
F
series
1955
1957
E
(Aug
A7s
C
(Dec
series
A7s
L
11
1104% 105
.1970
5s
&
series
A6%s
A 7s
P
5
104
103% 103%
104
M-S
1950
5%s series B
ref
Jun
7
102%
107%
102%
1105% 106%
J-J
89
106%
101%
^102% 103
1101%
6s_
'
77
103%
45
F-A
74%
108
104%
1107 Va 109
4
Jan
47
153
Jan
95%
87%
104%
1102% 104 %
J-J
50%
104
124% 127
Co—?
Power
Ss
A 7s
U S and International Securities..
104
J-D-
International Power Sec—
Feb
47'A
8 Va Mar
104
J-J
Hygrade Food 6s ser A
.—Jan 1949
6s series B—. Jan 1949 '
May
14%
1
common
67
1
J-D
Jan
81
12%
12%
87%
A-O
80%
63%
33
—
J-D
Indianapolis
9
May
73% July
11%
1126%
1950
Jun
47%
,
1
common..
106
July
90% July
Jan
Jan
124
101
1
106 %
1953
Grocery Store Prod 6s
26
106
:1963
Green
Jun
Jan
106%
50
38
3%
Pow
Jun
%
Jan
68
67%
38
stpd
5s
Power
110%
9%
124%
67
67%
1961
1969
A
Apr
.100
1
U S Radiator common.
—
5s
Jan
20
105%
120%
101% 102
M-S
1953
3%s
Serv
3/64
100
1121
101%
M-S
'
Foil Co class B
,US
Pub
Indiana
Profit Sharing
.250
10% preferred
-10
United Shoe Machinery common_ -25
...
-1956
5s
AGeneral Rayon Co 6s ser A——^1948
Grand Trunk West 4s—........ 1950
95%
3,100
109%
103%
Mtge Bank—*
General
1st
Graphite
RR
...—
Power
Gatineau
Feb
Apr
'
United
8
&
Residential
3,400
—
—
'
U
2030
F-A
Light 5s
Water Lt
50
32
—
preferred.
United Molasses Co Ltd—
Amer dep rets ord regis
United NJ RR & Canal
U S
MS
15% July
Feb
f-a
1993
1993
26
9% Mar
22
..
Uplted Gas Corp common
United Light & Railways
?>,Preferred
.1958
B
ser
&
Power
Great
United Elastic Corp
Products
59
110
106%
of N J Division—
4s
mtge
Finland
f
...»
common
—
United Specialties
5s—
7% May
4
Jan
106%
106%
: 108
107%
1103% 105
•
A-O
...
Electric
3%
6 %
J-J
105%
Delaware Lackawanna & Western RR—
•
,Clgar-Whelan Stores.
$5 preferred
United corp warrants
•.
1106
14% May
Jan
6%
—_10»
Union Stk Yds of Omaha
participating
tl07
J-D
Continental Gas & El
Jun
1st
—10c
Union Investment Co
United Milk
J-D
1969
1978
1st mtge 4s ser A—
Dlen Realization Corp
Unexcelled Manufacturing Co
y«ion Gas of Canada..
■*
.1971
90%
103
104% 106%
106
106
106
1
70
(Bait)—
2%s ser Q—
(Bait City)—
Gen mtge 4%s_.
i
,
103
103%
1105% 107
105%
Gas
Lackawanna
Udylite Corp
Aircraft
& Pr
ref mtge
1st
U
10
United Chemicals
Lt
N„
mtge 3s ser P
Consolidated
'
V-'-.
United
series
ref
A-O
85%
103%
103%
103% 103%
103%
a-o
....
\
12% May i
12% Mar
v.?.-,
».-»v
Feb
■'
'•*"'.It- '
',xt3
2
Apr
5,300
80c convertible preferred.
r.:
Jan
12
g-Sol Lamp Works:
-,
5%
59% May
■
warrants.
Inci...
nz
V ' 7
4%
48
48
El
Gas
3%s
MS
f-a
—
5s
>
...
5s
May
1968
Jan
5s
Jun
;
1st
T«ns Lux Corp
nswestern Oil Co.—.
5s_
deb
Conv
*
b
....
JAChicago Rys 5s ctfs
.;j Amer dep recs def reg.
'Todd Shipyard* Corp
1':'
—
—1948
105%
116%
120
;
1309
NEW YORK CURB
RANGE
FOR
WEEK
ENDING
EXCHANGE
SEPTEMBER
14
~
"
Friday
BONDS
Week's Range
York
Interest
Exchange
Curb
Last
Period
New
Sale Price
or
'"LHigh
*
3% 8*.w.
Kansas Power & Light
Laat superior
McCord
Midland Valley RR>— :
i Extended at 4% - to*
ref
&
6s
5s
A-0
-73 Vie
t71
106Vi 107
J-D
101% 102 V*
J-D
102% 103%
1981
J-D
107% 107 Vi
M-S
2023
(Hugo)
Amsterdam
New
Gas
J105
M-S
1947
.......
93%
Toledo
106%
64
Edison
Conv
New
deb
New
1950
5s
England
3 Vis
Power
Debenture 5 Vis
101%
A-0
Y State Elec &
N
Y &
Gas 3%s
Westchester
Continental
Electric
N
117
.
1st
Power
1st
'
103 Vi 103%
50
102'A
105%
105%
101%
1955
100 J 2
109%
1l2t
2023
Jlf-N
115% 115%
5
115%
116%
1954
M-S
58
,53%
7o
6s
A
series
101%
income
Water Power 3%s___
Penn
1st
v
Pwr
4Vis
1977
5s
1979
Pennsylvania Water & Power 3%s_1964
3 Vis
104%
109
Elec
Rapid
Portland Gas
Transit
& Coke
6s
J-J
1972
5Vis
Power
106
13
103
63
70
1962
*107%
J-D
1106 ~ 108
106%
A-O
1106
107
105%
110
1960
J-D
*117
119
116%
1
conv
f
s
9
5s
debentures—
5s
—1959
F-A
1937
J-D
199%
1947
Rys Co
tl07
J-D
100% 100%
stpa
5s
1103
..1950
.
1959
J-J
103%
1st mtge 3Vis
Sinking fund deb 4s
Service
6%
of
New
114
103 % 104
A20-year
1964
3-D
tl06% 107%
1949
J-D
102% 102%
perpetual
M-N
153
152
106%
Danish
109
102
106%
151
Safe
series
Harbor
Lt &
Real
4Vis
J.—I979
J-D
1952
MS
Estate
1951
J-D
A-0
1
Scullin Steel inc mtge 3s
Southern
California
Edison
Southern
California
Southern
Counties
108%
108% 109
1965
u-s
106% 106%
15
105%
106% 107%
2
105%
V
1105
106%
104%
109
100
1989
U-N
6s
5s__.,
1104
J-J
106%
105
101
105
18
(stamped)**—*
Conv 6s stamped
Debenture
gold
May 1948
AStarrett Corp
Stinnes
A-0
—1951
F-A
Dec
1
11
105%
14
104%
104% 105 %
26
96%
6s
•;
5s__
80
29
29
19
18
18
16%
144.
46
38%
Plan A
•'
;
2%s
2008
stamped
J-D
133
M-N
147
A-0
147
J-D
J-D
117%
187
M-S
144
20%
45%
■
~36
w
/■'.'J
•
M-N
1951
■
'*:'
37
M-S
1947
A Rio
de
7s——— -1958
(State)
pursuant to
Interest
j'"
-"i
36%
35
45
Zi—
47%
;
46%
49
22
22
22;
88
75
88
46
38%
46%'./.
44
,6%s
reduced
37%
46%/;
36%
37%
105
5
96 %
■%.
,ik»;'
J-J
f
-
143
J-J
2%—* -2012
to
A 133
-
37%
6%s
-191U
J-D
8%•
7%
9
260
5%
22
—
.*1921
J-J
8%
7%
9
105
5%
2,13%
'/;/■
105%
J-D
105%
-104% 105%
6
96%
F-A
105
104% 105
27
96%
'.-v.-
105
104% 105
4
96%
105%
A-0
76
6
58
81
30%
56%
74
76
J-J
f56%
——
—
60
..
——
— —
—
.
105%
r
value,
sale,
Cash
V-
Deferred delivery sale,
a
d Ex-interest,
e
Odd-lot sale,
Under-the-rule
n
tale,
Ex-dividend.
x
v:
iFriday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
/
Wit;
{Reported in receivership.
*
1
above—"cod,"
certificates of deposit; "cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates)
when issued; "ww," with warrants; "x w," without warrants.
tive; "conv," convertible;
"w
'
.,
'
Lijcv
LmJi
•No par
105'/a
F-A
deposit
1959
105%
1957
1948
•
M-S
Plan A
Government
Abbreviations used
A7-4s
-2008
—
pursuant to
Interest
-
Plan A
reduced to 2 %8—.
Janeiro
Stamped
(Hugo) Corp—
3d stamped
^Certificates of
88'
29
105%
105
96%
.1950
i
Light
Inc
i960
104% 105%
1957
debentures*
&
184%
:
32
'
A-0
;
_
Power
76
M-N
A5%S
May 1948
6s_
6£
Standard
91
J-J
(issue of Oct. 1927)-
Stamped
t
6»
Z/
185
1958
«.
pursuant to
ARuswan
Electric—
6s
27%
M-N
1947
105%
MS
Debenture
30
F-A
A7s
108 V.
1105% 109
F-A
&
128
1953
(issue of May 1927)
101%
1970
Gas
tl]4.
yw.Jij
J-D
AMortgage Bank of Chile 6s—._1931
Mortgage Bank of Denmark 58—1972
105%
89%
2022
(A G)
65%
71
v
1952
A7s
AParana
Southwestern Gas & Elec 3 Vis
Spalding
m
High
63
-•
6%s 6tamped_1958
(Peru)
7s
Low
469
•*,
—*
January.^'
109%
Southwestern
Standard
Range Since
Sold
No.
Low
Mortgage Bank of Bogota—
107%
A-0
101
L
101
99
1970
Rys 4s
&
*
7s
AMeaellin
92
96
Bonds
Friday's
109
127
3s
F-A
P
107
106%
126
90
98%
**J971
1951
Indiana
104%
7
__
or
J-J
1947
—1955
5s
AMaranno
(Calif)—
1st mtge
Bouthero
5%s
ALlma City
158%
3Vis
Gag
Gas
6
199
1951
6s
106%
1125
6s 3
Pwr
106
TTT*
Bid & Asked
A-0
1848
Interest reduced to
A-0
Last
Sale Price
of)
Valley 7s
Stamped
1952
Water
San Joaquin
ASchulte
A
Bank
Danzig Port & Waterways—
A External 6%s stamped—*
Queens Borough Gas St Electric—
5 Vis
Interest
Jan
Mortgage
Extended
105%
153
Exchange
7s
(see
ACauca
102%
101%
16
Curb
Agricultural Mortgage Bank (Col)—
A 20-year
7s—
—April 1946
109
101
2
8
High
..109%
106%
108%
York
Period
New
Jersey-—
certificates
101%
101%
*.
109
Public Service Co of Colorado—
Public
105%
99
99%
Week's Range
Friday
107
109
101% 101%
MS
101
__
■?
Bogota,
stamped extended
Corp (Can) 4Vis B
105
Foreign Governments & Municipalities
Co—.
Power
g'
-
106
__
\
109,%
72%
106
111% 112%
M-S
70
2030
Traction
105
104
1
107
F-A
66%
Newspaper Union—
lAYora
104% 108
10
106
tlG6
.
107%
11
68 %
105 Vi 105 Vi
M-N
1970
_—
Philadelphia
Philadelphia
5s
U-N
J-D
101
:1964
Electric 5s
Penn
6s
debs
BOND 8
Penn Central Lt &
106%
37
101% 103%
103
65%
1074:
"
106
109%
105 %
105% 106
103
ljU V '•
103
Z1
&
4105
98%
105
$101% 103
68 Vi
109
101%
_
'h
105Vi 105 Vi
J-J
Light 5s_
1st mtge 3s.
92%
97%
105% 106
F-A
1964
&
1109% 109%
t, ■
Co—
5%s_:
cons
A8taraped
Pacific
4s
ipS'/a
109% 109%
&
Lt
Western
103%
106
J
105%
F-A
109%
U01% 102%
F-A
*17
tl95% 105%
~i '
104
F-A
High
97
'
1953
West
101%
A-0
8
A-0
West
tl06Vi 109Vi
1948
■'
57
A-O
A 5s
108
11
A-0
56%
/J-D
Wash
95%
107%
J-J
1968
J-J
57
Waldorf'Astoria Hotel—
95%
88
31
93 Vi
t96%
A-0
1949
95%
Af-N
Oklahoma Power & Water 5s
Power
9
I9t>4
mtge 3%s
Park Lexington
93
102 Vi 102%
>
January 1
Low
1959
;
mtge;' 3a*.—**,.x-^nX4-rfH-X.Xl97i.
Public Service 4s_
_____i962
Ohio
88
88%
18
93 Vi
102%
J-J.
Range Since
Sold
No.
Low
6s series A
Utah Power & Light Co-
107
108%
103%
A5Vis series A (21% redeemed)*1948
1948
1968
Power
lien
United
2004
Ltg 4s
Utility Corp—
Bonds
Friday's
108% 110%
105Vi
: 92%
.
or
Bid & Asked
Rys (Delaware) 5%s_1952
United Light St Railways (Maine) —
106
106
}107% 107 Vi
1954
N
Ohio
93
M-N;r
1948
England Power Assn 5s
North
M-N
v
1961
Last
Sale Price
,
3%s,T__
Light &
1st
108%
102%
92
...
;
-
United
78
105
114
92%
3-D
Week's Range
Interest
104%
~
/
*114% 118
J- J
1948
5s
Bag Gas it El Assn 5s
Industries—
A7-4s 2nd stamped
Debenture
New
Exchange
United
a-or.
.1955
i
107%
Btinnes
106'A
2
104 Me
Curb
High
112
102
Z/v
106 Vi 106 J/2
U03v
York
High
108
:
■
New
Period
105%
1
.
5
MS
i
A—
series
106%
1978
4%s_
Low
„
1967
—
Power
106
—1963
.*
Gas Light 4Vis
Minnesota P & L 4Vis
1st
J-J
i 5
.
Nebraska
108*
F-A
1948
No.
Friday
January 1
:
108
r,
Dist Pow 3 Vis
6s stamped
Corp
Milwaukee
»•
1968
i
Kentucky Utilities 4s.
Range Sines
Sold
Low
J-J
1969
1970
BONDS
Bonds
Friday's
Bid & Asked
.
i"
••
.:
-
•'
V
: ;
■■■
,;.fT
•
3vT
,:-vt
OTHER stock exchanges
RANGE
'
FOR
WEEK
SEPTEMBER
ENDING
•' ••••
:
IM' H III I III
T
Week's
Friday
Baltimore Stock
Sale Price
of Prices
Shares
Par
Low
Preferred ▼ t c
5
4
*
.100
1
31
High
Low
24%
510
5
5%
728
32%
202
10%
300
8
40
155
6
31
16
High
Jan
24 Vi
Sugars
Assoc
com
vtc__
1
Fidelity & Deposit Co*
103/a
10
20
157
158
53%
20
Cities
Jun
Copper
40
Houston Oil of Texas 6%
27%
27%
New Amsterdam
n
8
25
Range
—2
—6it
.,.
National Bank
30
30
43
.
7
30
42%
55
43
40%
20
Bond*-—
Baltimore Transit
Jan
12%
Jun
Co
Fuel
&
Gas
Jan
56
Jun
Eastern
Sep
30
Apr
.6%
40%
106
8
Mar
30%
Mar
38%
6%
Apr
9
73
16%
Jan
24%
400
7%
Jun
45%
Jan
41
Sep
Jun
July
*/:'•
preferred adjustment
Inc
Lines
SS
X54 %
3%
Filene's
"":VZ"'
(Wm)
78%
Ju
9% Maf
• ■
37
L_i
28%
29
',
July
Jun
109
71
Jan
14%
Jan
;)■
.
95
Sep
'21% Mar
400
12
May
31% Jan
295
-
22 %
.22%
July
Apr.
4% Mar
r
96
55
18%
; 14%
34% 37%
Co.—
Sons
55
99
59%
Jan
3
635
99%
90% .95.
18
Feb
47%
75 *
159
3%
;14
Servlce^.*.^..**
"Z;V
Public
900
57
99%
95
common
Employers Group AssoCw*...L.M.*i.
/Engineers
I !j:y
?
com
.100
.100
——
Ry
1st
Eastern
5
Street
Mass
94%
92%
.100
38
60
363
-
8%
8
94
.100
pfd series A—t_i
—
preferred B—,—__***___.— .100
,
17% July
July
Feb
41
60
7%
20
19%
.100
July
26
13% Jan
1.045
Associates—
4% % prior preferred
6% preferred
168
27%
'
High
Low
I
56
6%
6%
8%
Jan
-I
17
53
—
46
20
16%
5
Range Since January 1<
High
Jun
6%
pfd vtc
Casualty—
Fidelity, At Guar.
Western
-
Low
-10
Service
5%
53%
Shares
IlOO
Hecla—
&
Calumet
Sep
Apr
7
Feb
2.75
Eastern
Eastern
Fidelity & Guar Fire Cprp*»____^_.lo
for Week
Trust
Prop
Boston & Providence RR—
Range Since January 1
24
t c
▼
Personal
Boston
for Week
Arundel Corporation
Bait Transit; Co common
Range
of Prices
Par
Range
Sales
Last
Sale Price
Sales
Last
STOCKS
STOCKS—
Exchange
Week's
Friday
>T
14
333
16
-
'
Z
14% Aug
37% Sep
-vi
Z
29
Jan
Sep'
24%
Jan
-
22*
10
.;
Feb
JUli Z Z
"
Co 4s
**1970
5s
series
A
5s
series
B„___L___*—
.78
1975
79
81%
.
$24,500
-
83%
1,300
f
70% Apr.:
.70 '
Apr
.
-91
Jua
103%
- -
i General
Jan
347
42%
Jan
.,52% Aug
•48%
49%
1.662
*37%
Feb
;
:;16%
17%
414
Storesl...',*/...*.-**.
National
First
;B63/4 .Juh
•
Electric
51%:
50
—
*
_*1975
100% 100%
500
100
Jun
Gillette Safety Razor Co—
.
Hathaway
-
17%
65c
V
65C
50-
18
60c
25
65c
JUli
Sep
.Z
/:
1%
Jan
xr
18--;
8ej5
-17%
13% Mar
Z.
18
Bakeries class B_—*—
49%
15 —Apr
"•
r
July
„
•
Int'l
Stock
Friday
Last Z.
STOCK*-—
.
Sale Prlca
Par
American Agricultural Chemical.
Sugar Refining
-100
Tei
i
Tei
St
-10U
American
Woolen
I
Anaconda
Copper
;
Banga
Shares
-
High
*Z Z 23%;
—50
-47%
-
r
Low
48%
i
,*19%. 23%/
183% 186
33%
f
35
372
;
50
-
2.863
453
,
744
High
-
29% July
41% Aug
156%
9%
29
37%
,
,186
Jan
7 29
36%
Son
Boston
&
Inc
21
Albany BR
Boston
Edison
Boston
Elevated
.100
;
-25
127
41%
127
41 Vi
21%
/
128
290
85
42 Vi
2.227
17.
Jan
115% Aug
37
Jan
21%
132
Boston
Herald
Boston
A
Traveler
Maine
.100
Corp
RR—
;
Sep
'Jun
.*_•
42%
Sep
July
Narragansett
National
.100
5%
class
.100
7%
class C 1st pfd stamped
10%
For
class
A
D
1st
pfd stamped—
1st
footnotes
pfd stamped.
see
page
75
356
69%
Jan
81
30
400
23%
Jan
30
July
1316.
77%
75
12
77%
1.330
13
.100
12%
16%
16%
39
12%
.100
5
X
5
60%
10%
Jan
Jan
10% Mar
.14 Z
Apr
SO
17
Assn
2%
1%
40 %
35%
385'
44
44
100
■7
2% Jun w: ; z
Jan
Jan
600
38%
8
'
Z
51%
40/ ' Jan
5%
300
40 y«. Apr
Z'47
-
1%
1%
70%
70%
1*
300X
Jan
;
10
*64%
Jan
Apr
-1
Tunnel
-5
& Elec Asn-
Butte. Mlnlng.....*.....
*
.100
_2.50
#
Mills'
Pennsylvania
*
■'
•>: 1%
53
122%
45C
-100
Old Colony RR
Pacific
;
x
& .Mines
—
RR
Marquette
1—50
*
Ry—_*—
-100
20%
49
58%
350
-7%
288
15%
Jan
1%
50
53
40c
'58%
49c
2%
60%
—
235
1.126"
1%
250*
10
•
Jan
-
16%
j<£(?,'■
53
Sep
Juii
72c
Jan
Jan
5
Feb
May
60%
*
Sep
33 %
Aug
40%
Jun
20%
Jan
43%
Jun
IV4 Aug
3%
Apr
Jun
Jun
Reece
Jun
Rutland RR 7%
25
Quincy Mining Co
17
22
Button
Hole
pfd
Machine—
*
1%
*
100
13%, 13%
2%
2%
3
25
12%
Jan
500
1%
Jan
T
.
Z
Jun
124%
--38% Mar
*
'
Z 22% May
Z;r
Z 2% Mat *
Jan
30c
*"
.
Feb
30c
2.310
37% >39%
27%
27%
1%
109%
3*5
237*
Z 222
*
42
/, :■■■'!
/ V
-
2% Jun,?
Z" 71% Mar.
Jan
21 %
121% 123%
2
/38f/a
■
'
"Z'
Vx*;
15%
•15%
'
20%
JU)1
•
12% Juft ;
62
juA
Jan
41%
275
;
•'
'
8%
48
8%
.
-J
Inc..
preferred i_*i._'**l*—
England Tel & Tel
North
.Jun
29%
Rac'g
5%%'
i New
Pere
prior preferred
t
1
vtc__i—
Linotype___.***.
New England Gas
Jun
73%
29%
.2%-
*100
;
Associates
i Nash-Kelvinator
Jun
-
7%
~2%
Sep
7
Ry__
preferred
Util
Mergenthaler
55% Jan
Jan
Jan
57o
i Mass
.
Bird &
-10
-100
RR com
«Maine Central
Range Since January 1
■
X34% ' 37%
_I
183%
Co_^
r*
For Week
of Prices
Mach
Hole
Sales
Low
—•
American
American
Exchange
Week's
Button
15
i Isle Royale Copperi__*___'**_—*•
Kennecott Copper
L
!„50
Lamson Corp (Del) 6%
pfd
Feb
14% Mar
3%
Jun
'•*, '■ f
'
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
5310
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
Friday
Friday
Last
Range
•f Price*
Shares
Torrlngton Co
*
.
united Drug
United Fruit
Inc
—,
109%
80%
U
S
Waldorf
7%
Jan
35
Jun
Line Material Co
5
17%
17%
17%
15%
Jan
23%
Sep
'ftft'ft
Mar
109%
Sep
McCord Rad
90
475
73% July
47%
134
45
51%
183
67%
140
Feb
13%
&
Hart
Inc
May
1
;—*
1
1
$2,000
72
72
series A———1970
4%%
Inc mtge
77% Apr
70% Aug
Nor
American
t
7%
Corp
13
31
31
34
42%
42%
42%
.20
21
19%
22
13
common-
pfd——-100
145
145
Friday
for Week
of Price*
Share*
\ ftft/ftft' Low
13%
Admiral
Corp common
Advanced Alum Castings
Ball Bearing
Aetna
11
—
*
Allis
8%
18%
51%
*
Chalmers
Barlow
I
'
Berahoff
i
Fence & Wire
Brown
ft Bruce
L)
Piston Ring
Burd
Brother*
Butler
common
—
184%
Sep i t
1%
Sep
Jan
10
,
30
Jun
20%
16%
50
Apr
Jan.,
26
16%
v
10% Mar--
Jan
18%
500
Jun
41
41
37
200 ft
23%
Spiegel
5%
Jan
Mar
32%
38%
ft
5 Vb
ft 5 %
21% .23
ft
ft'.ft 100
/■•ft 350,■:-ft
-ft
common™
Mills
Castle
(A M)
Co
&
Central
ft
Sep i
Convertible
2%
common
17
16%
preferred
ft.
13%
5
5
ft
)
£
Jan
:
4
113
113
148%
lien
Preferred
22
4%
*
Sterling
Chain
Belt
14 ft
f
Sep
8%
Co
Burrell Corp
Cherry
common
8%
Chicago Corp common—
Convertible
Common
Chrysler
capital
Corp
capital*.!!.
Air
United
Light
United
Specialties
rt
Sep
July
Utah
Lines
Radio
Walgreen
-
&
16% Jan ftft
€
76%
'
' .f;
Apr
Jan
5%
Apr
Sep
22%
Jun
11 A'
Jan
30y*-Sep
ft 100:
29%
July
,
.
"ft
■
,
ft
28
28
23% Jan
18% Jari
250
,
:>,
350/
-f■■■t.+fMfy
ft
15%
1,650 ft
18%
5%
'
3,200
20%
21
17
:
17%
350
P
6%
9,;o;
ft
Apr
ftVft
"
18% Sep
*17% Mar^
12%
ft" 36%-Jun ft
Mar-, "ft
17% May
26'4
Apr
<
ft
100
6%
>
34%
buu!.
j ft
•
34%
52%
■
-ft'4
43%
98%
42 V8
19%
Service
I gColeman
Co
Wieboldt
Jan
Wisconsin
5
:
8%
Jan
20'A
Apr
Zenith
21% Mar
28%
16 ft
Jan
20%
Jun A
" 45
'ft: 100 ft,- Sepy
Jan
.
19%
13
13
75
10
14%-MarftAVS 19%^ Sep
:"May':ft' /• 13%^ Jun
59% Jari ft;ft 75 f ft;Sep
1,700 ft
3,000 ft."
1,700 :
41,200
7%
Jan
?
9%
Stores
Inc
9%
9%
•
22
23%
'—ft—*
common
—ft
7^0
10% Mar
*
1J'/4
'»ou
15%
18%
Jan
34% May
1
37% May
31% July
14% Jan
.
350
," 23'A
13 Vb
*
7%
31% Mar
200
36%
35%
(new) 12%
com
common
Bankshares
•
34%
34%
___*
common
11%
1,850
.
23%
53%
Jan ft.,.
62
Indust
com
35
Jan
43
Aug
116
10
115
Apr
63
Jan
93%
Jan
68%
20
100
74
Machine
Corp
18%
Sep
9 %
8% Mar
Jan
7%. Jan..
8%
8%
1,450
*
38%
38%
100
16%
17%
800
11%
Jan
17 Va
Sep
50
34%
35
900
29 Va
Jan
36'A
Jun
84
capital
84
200
67%
Jan
84
Sep
7
1,200
8%
_5
common
American Radiator ft St San com
Anaconda Copper Mining
117% Feb
Bethlehem
May "ft
128%
Radio
18
35
(The)
Co
Consolidated Biscuit
Steel
Corp
common
General
6%
6%
Curtiss-Wright
Sep ft
Consumers
vtc
Co
partic pfd
part shs vtc class A
Common
part
Co
Co
Diamond
Doebler.-Jarvis
■
Paper
Electric
Elgin
Electric
Co
Corp
■Eversharp Inc
12% May
Jan
7%
Jan
49%
Sep
Mar
11%
Jun'
5%
38
500
49%
48%
—
10,
38%
200
26
300
104
108% 108%
6%
6%
80
Pure Oil Co
39
Sep
Apr
Republic Steel Corp
Jan
3"%
Jan
Apr
14%
15
100
12 Va
44%
100
25
25
100
17 ,ft, Jan
*
(The)
18%
6,900
1,300
ft
21%
22%
39
40%
34
35
41
15%
39
:
700
28
Jan
35
5.8%/
19 V* *
100
48%
Jan
59%
1,200
17
Jan
21
16 %
1,600
10 Vb
Jan
16%
Sep
26-%
2,050
19%- Jan
26 Va
Sep
62%
400
56 %
Aug
65 Vb Mayt
287/e
28%
700
18%
Jan
29'A May
66 %
67 V*
300
57
Aug
67%
*25
common
-1
common
.10
"
"■"'■'ft' '
'.'ft
'
:25%
26%
32 V*
35
62 y4
_•
common
J
N
22% May
Jan
•>)'.
-ftftv
66%
Simons &
Dock
'Flour
Co
Connell Dredge
Mar
44
Mills
of
America
Inc
15%
8 ft
16
5
Four-Wheel Drive Auto
lo
17%
15%
17%
11
50
Sep
40%
Feb
Sepj
'
38%
Jun
Feb
100
8
7% Aug
650
18
13% Jan
17% Sep
18% May
American
Laundry
1
Churngold
Machine
.2(1
i_
General
Motors
General
Corp
common
Outdoor
Gillette
Safety
Razor
Gossard
Co
W)
(H
10%
9%
*
;
Great Lake* Dr & Dk com
75
20%
20%
•
17%
18
»
10%
Sep
8%
100
-'ft,
74%
74%
6% Apr
300
9%
10
common
common
10%
loo
common
Adv
1
10
Aug1
Jan
75
Sep
Coca
100
10%
Jan
20%
Sep
Crosley
4UU
13% Mari
18
Sep;.
21
Jun
24 %
Sep
19%
•
19%
350
16
23%
23%
23%
620
18% Feb
Jan
|
Cola
Harnischfeger Corp
-10
common
fHelleman Brew Co G
cap*—.
Hibb* Spencer Bartlett com—
Horders
Inc
11%
11%
11%
50 0
•
'11%
18
200
13%
Apr
55%
57
50
48
Jan
57% Mar
17%
17%
50
14% Jan
23
23%
700
20% July
23% Sep
Houdaille
Hershey com (new)
Hupp Motors common (new).
23%
17
Jan
6
6
100
3"%
Jan
16
16
650
7%
Jan
~
Sep
6% July
;
..
;
_»
*
28
45%
L—100
•
;
28
67
;
Illinois
Co
Central
.'ft'
capital
RR
Indiana
'
Steel
Interstate
Iron
Power
Prod
&
Light
com-
common
Power
Fireman
$6 pfd-*—
Mfg Co vtc__
Kroger
.
34%
34%
100,
27%
28
850
-•
27%
27%
100
1
9%
9%
900
Independent Pneumatic Tool vtc com_*
Indianapolis
'
10
100
common
28
»
_*",
29%. 30
23%
23%
23%
20
16% Aug
41% Jun
Jan
25% Aug
x)9% Jan
„
ft
6%
29
Jan
80,
12%
Jan
50
21
Aug
Sep
9% Sep
»,
39
-
23%
'4
Katz
;
Drug Co
Kellogg
common
Switcboard
Ken-Rad
Tube
&
Kentucky Util Jr
Kimberly" Clark
II
For
footnotes
cum
10
common
Lamp
pfd«
page
10%
9%
34%
34%
55
10
1,100
1,700
350
20
*
'
Jan
10%
;
Jan
11%
Jun
35
Sep
52%
56
51%
1316.
51%
200
38%
Jan
51% Sep
*
S
i
Playing
Card
U S Printing
t
American
Cities
Service
_*
_10
1—L—/_* A
50
T.
r.ft
'
:
/,
■*
—
;
48..- Apr
*
50
f.
..
Feba;
Jun ft
13%' Jan; t--
ft
50%- Sep-.
.
44% May'
r..:.t
■
n-
"
4%
•
'4%
st: 20 "If. ft 3:1
52 Vb
ft' 24,Aft
5
.
y
v
210
6
ft
■
i
.
65%
23 Va
63%/ 65%
25%' 253/a
55% Mar.v
296.,^
23 % ft 24-
5%
Mar
27
Jan •..?ft;
43
'
•if
Jan
; Jan
-'
24
Sep
23
23
19%
22%
19%
•
23% ft
-
22% a' :
19%
223
10
28
/
Sep
ft 50%* Sep
23%
Sep
20%\Jan
24
Jun
18% Aug
24- -1 Jun
15%. Jan
.
Marift
45%. Jan ft ft >-•'56
14V4
Jun
Mari.
'
25
-
7 %r F6b' "
76.
36% Jan
403
Apr
- -
•
Mar;
45,
100.
50
-ft
Jun
Jan A
46
Jan
JH%_-Jun
.
19 Vb
33%
,j.>
5 r~ Sep "
35
50% ' 50%
*ft
1
Jan
Jun
May+ft
9%
Apr
7
jB6% ; Aug.,i
:,
27-,
1
12 *
'
•52y8
23%
"—1^-50
Rolling Mill
City .Ice & Fuel
■4%
63%
l—
Unlisted—'
May
Feb
Pumps
Preferred ",
Sep
7%
28% Mar
Rapid
U
Sep
6%
T
*'v
'■'* -ftA
*"•
-
40
/'
ft 25^
.
41% "42%
i
i.
Sep
40% Jun
-
50
■
ft
»»rocter & Gamble..
'
common.
see
9%
9%
34%
55
com
Jun;
'
National
Feb
28
•'!*
!
Jan
135
26%
"
'
Illinois Brick
Sep^.
16
Jun
.
13%
ft: 27f :•
5
67
ft
12
100
256
ft
245
46
s
45
1
49
L
1st preferred
,
50
Jun
~-i Feu
86Var
28% Mar
100
-5
67
Hobart class A
Kahh
8%
17 Va
28
•
—
_i
125
66
8%
14
.
July
-11
8'
35%
17%
V
•
preferred
J
*
•
.10
-
Participating
ftiV
135
-
35%
12%
-
78 % Mar
25
.
Jan
n\;:.
'
-
Art
135
14 *A
36%-Sep
Jan
8%
91
86V2
?
10~
46
1,092
12%
14%
• ftA 35%
Insulation
Hatfield
18
-25
1
~ *
;-"ft f
,,
;—*
■"**', '
Drug
Eagle-Picher
Gibson
—1
common.
r_
i
Dow
13 % Mar
10
1
High-
LoW<**-J'~
*32% Jan
85
36%
86
•
Range Since Jannary
...
High
10
12%
12%
50
Yards
A
.';'i
18
Apr ft
class
Corp
Formica
Share*
.
Cincinnati Telephone
Cincinnati Union Stock
Jan
62
nnr\
for Week
35%
*
50
-
Range
of Price*
tot0
Par*
Aug
(8elee*
Week'*
Friday
Last ft-ft
Sale Price
Cincinnati Street
General Finance Corp common
Preferred
Sep
Ginciiiiiati Stock Exchange
May
22%
:
STOCKS—
*
Sep
Feb
&
common—.
Sep
Mar
O';-:
—
•Fitz
Jun
Sep
5% Mar
13% Mar
34
of
Jan
22
25%
Apr
ft. 35V* Jan ft
200
Oil
Studebaker Corp
U S Rubber Co
Jan
18%
Jan
4
1,450
ft 225
Standard
46% May
26% May
Jan ft.
18 V8
100
41
21%
39
_1
15
100
5%
41
•
5
15
(new)—ft
25%
4%
5%
18%
25%
-1
Co—
common
8 ft Jun
•
40% Mar
~-6
Util Corp
Watch
108 Va
1/
,
15Vn
2,100
15%
58%
:
common
1,000
26%
58%
Radio Corp of America common
Jan
Incorporated
21%
19
Pullman
Sep
44%
-
——
20%
26%
Paramount Pictures Inc.
(The)
28% July
22% Aug
100
*
25%
.—8
12
Sep
9
300
11%
27 V*
Jun
33%
Corp
Mew York Central RR capital-
21% July
Mar h>
10
_2
common
1
45%
*
common
11%
27%
«%
common——.
common—
Feb $
17%
50
Corp
Jan
36
900
Iron
(Glen L) Co
Nash-Kelvinator
31% July
12
6%
Martin
Jun
Jan
7% Jan
21
2%
Car
Housenold
July
28%
13,800
11%
pfd—100
Corp
National
17%
21
•Domestic Industries Inc class A—
Eddy
100
cum
Dodge Mfg Corp common—,
;
45%
-
B—*
common
T Motor
42%
18%
850
common
Decker (Alf) & Cohn Inc
&
11%
*
class
common-
Lighting Inc
Deere
31
11
25
shares vtc
Cudahy Packing Co 7%
Curtis
17
30%
11
50
Common
Crane
17
31
1
common
Jun
24 Va
17
300
5
25
Inc
•ft Commonwealth Edison common
16% Jan
1,500
Feb ft
42
July v;
.
Sep
250
19%
Sepf
14% July
Jan
Unlisted Stock*—*
Feb
350
19%
«
inn ft," 12'
Apr
575
42
19%
Sep
Sep
128% 128%
10
common
,
15% Mar.
26 -ft
-
72
•
'
-
ft.;
r:T' 79a*Jan
'400ft
6 %ft Sep
16%- Feb;
55 -ft May
" Jan
36%
ft
270
■
< 200
.
'
Jan
13%
17
19%
.1'
ft-——•
*
42 %
49% "Aug
750
•
;
3iS'Aprr
\ 400 'ft
26
Apr
)f
*
400
73%
'
..._
...
43% "*
.
23 Va
42?
1
-
5% Mar^
; *"* 34%;Sep
m*t.'v ''ft* ^ 'ii
A
54
98%
25
5
cap__^_
ft *
>
14 /
2,200
15"' 15%
6
-ft;'
Feb
4%
ft
.
-
16
34% r
—•
:
June/;-
V2
/. 42
,
:23%''''Jah.V;^; 39%fi*urift
: ;;
"
'
16f
•
„
.
1,1003%- Jan
5 •• >.' 5 V*
37%
36 *
38.%*
25
common..—..:
ft
Sep
Sep
14% Aug
tl9% Aug
;
130-,.
37,<V 3°
.
•'
ft.rft—ft.i2
Rys™_
Sep
v'ft 26%
Jan
14%
1,650
-
16% : 16%
16%::
capital—_—*
Transp
Westinghouse El & Mfg
Jun ft/
131
'
Interlake
Cities
.
46%, Jan
4%
30
•
J
,;
23 ' Sep A
90% Sep.
,
xl7%
O
20%
Products, common—ft-—*
Co
Sep
Woodall
19%
68
40'A May.,
*
4,%'Aug: '"ft' 6% Mar
,
July
62
—5
>
Jun;-ft
ft Augft .
23
400
•-
38%
„ft_!ft
Carbon
United
Aug
110
41%
i
common
9-
Inc* common—1_„_1;
Carbid«T&
Sep
200
116
l, ft
*270
25% : 26 %
208 South La Salle Street Corp- com—*
• v
8% JUly
ftSep
61
116
8% Mar
A ,108
.
-ft 600
1
19
27%
.28
5
common.
20
41%
Chicago'Flexible Shaft common
Chicago Towel Co conv pfd
May
31%
.
-ft
2
common
149%
28%
r
K
29%
•
(The)
50
9%
50
,
capital
(J >R)
Co
Jan
16
B%<
'"'
Jan
33%' Jan
"ft. 450
90%
18%
1
ft*:
Works
Thompson
Union
Aug
61
preferred
Feb'
15%
"
Corp
82%
19.%
common—ft—
:
29% :
Stockyards capital—
BrewCrs
1,070
14%
—
18%'.
:__*
ftftft
—
Trane
Jun
42
18
Jan
H Jan
113
20
25%
Pr & Lt pfd
I'ft'iVft "
common
common
Yates-American
Central States
600
■*
May 'ft
-
2%
% Jan
...
*
8,800
114
•..
ft
Sep
32
99% Jan
150
145% 149%
preferred—
Jan
50
1,800
>
4
Central S W Util common
Prior
:>
2%
'
5% ft.5%
.
f
—4
common—
*"
31
31%
10
Bundstrand Machine Tool common—5
Swift
Co
ft'^ftftft !ft' 9.»s
■.
33% Aug ft
ft';.
Apr
70
31%
104% 105
pfd—
Berv S6
Secur Corp
31%
31%
common
Illinois Pub
111
ft—
.5
—ft——50c
capital
U S Steel common
Central
88
*
.
Dredge common—ft—
1
Oil df Indiana capital—25
Standard
Sep ft.
32
6%* Jan
600
20
Jun ft
ft 18 %. Jun A
Jan
>
May*
58 *A
,
18Ve Mar
37%
Lathe
Inc
Standard
Jun
47%
Jan
Sft 8% ft,
1,450-,
?ft
400
f 41% *
300 ft
i f
8%
•
8
98
,,
22%
(new)
Bend
St Louis Nat
28 %
Jan
19%
Jan
4.%' Jan
;
«■<*;
150
-100
if:
■
38%
Sinclair Oil Corp_ft_fti_
v
10%
>
Feb.
24 ft,
'33%
8
12,350
ft
—ft—ft—1
,
ft
13%
Jan
100,
33
33
7%
78
22 ,4/ 22%
——50
——-1
capital
Cummins
-Common
3 *
56% 8ep
48%
i,2oo.
47%
"l
104 % 105
22%
Corp class B common--——1 t
Signode Steel Strap— - %
ft,;,ft*
7-.
ft
Jun
21%
Jan
7%
Sep
19%
34 ft
Jan
16
...
300
& 30
l%
8
Feb
Sep
153
ft, Feb
ft;,;., 12% Jan
33%
ft
16
16
ft 100
ft
Sep
...
ft 29 %
'
700
46%
48%
8errlck
6% May
9%
J
48%
-Sep
22
.
'
Jan
;
July ft
39
43
Jhn
43
common
l'ft::?/:ftft J?
Electric Co
Schwitzer
Sep
Jan
Co
Hosiery
Sangamo
3% May i
600,,,..
28%
500
,
,21% Jan
Jan
7%
,
10%
Jan
Mar
Jan
j '
:t
10%
•
26%
47%
5
1
10
common
Jan
6%
17
Rollins
Texas
-1
,
(E
Co
9%
28%
•
class A pfd
Common
158%
50
5%
13%
:—*
capital
(E J)
& Sons
Brach
12%
10%
5
Borg-Warner Corp common
|
56
13%
5
,
Sep ft
500
21
56%
1
i Binks Mfg Co capital
Bliss & Laughlin Inc common-
51%
250
56%
5
——1
Corp
Brewing
Jan
3
ft-
110
A
com—
Packing common,
Raytheon Mfg Co 6% 'pfd
Common (new) ft—ft;
Sep ift
39%
f
150
18'A
7,
14%
10
y—
ft.,
30
17%
14%
common
Rath
38% May ft
1,200
ft
33
20%
;—10
Co comhion
Bendix Aviation Corp common
Feb
1,000.ft
.ft'
8
20%
•
18%
X32%
*
Common—,
Mfg
Belden
20
Seelig class
&
| Bastian-Blessing Co
30
South
common———1
A com
5
(W H)
Barber Co
7%,:
7%
3
ft
19'A
*
900
5%-..-.5%
Washer common———3
Automatic
Aviation Corp (Delaware)
55
17%
—6
136
Sep ;
15% Sep
ftd"
11% May
23%
20, ft
ft
69%
Jan
17% Aug
.S 300"
•
14% May
11% Sep
11% Jan
Feb
2,450
9% "10
-ft
—
Jan
7% Aug
100
iv-aWi:
36%
Sep
Jun y
%.
13% Mar
15% Mar
150,,
common
RR
(The)
Quaker Oats
16%
3,600
10%
19
-
3ftft 3%
3
ft"
4
Truss Wheel capital
I At hey
19
■
—
1 eft:'
f Asbestos Mfg Co common.,
9%
10%
.
5 ft
184% 184'A
184%
I American Tel & Tel Co capital——100
f Armour & Co common
——5
Aro Equipment Corp common—
1
15% May
Jan
7%
100
7-
Co
Pressed Steel Car
W
400,
50
38%- 38%
51% 51%
: ;
—
Potter
High
10%
1,900
1,400
1::.
•
Pennsylvania
Rang* Sine* lanaary 1
4,550
19%
ftft
54
;
'.: 4%< Feh
Jan rft/
Jan - v.A
ft
150:
100
145
16
15%
,
tti;
Jan-h-,
/
Sep,-
Jun v
Sep
5;
46%
Jan
.
48 V2
.
2,650,"
29%
»
12
,
HO'
Apr
2%
200
ft
"ft
-2%
-—-—100
class' A—
—10.„
Switch
Elec
Jun
,.
29%
j.
'
Low
9%
19%
—-—25
preferred—
Mfg Co
A
Class
>--*
9%
•
common
Allied Laboratories common
Penn
High
13% vl4
10%-11%
(The)
Peabody Coal Co class B
6% preferred' ——ft—
Bale*
Range
Sale Price
STOCKS—
Week'*
Last
Co
100
——
common
Corb common.:
Parker Pen
Chicago Stock Exchange
———
Shoe
950
13
i
8%
10%
,,
600
15%
28%
common—
prior lien
preferred
Bush
- ;
Jun
44
Jan
400
69%
ft
41%
1,100
ft
12%
68%
15%
Jan
Aug
v.
3,800
.10
-
,
ft
4
b»% ft
'
Nunn
Omnibus
Sep
7% Mar
18%
if-
18%
108%
100
15 Vb
-2
common_ft—__
Bancorp
Util
May
10
ft.;
50
it
15
■.
__10
Caf common
Illinois
West
Aug
13
ft
34%. Jan
t
ft; 300
46%
3%
„1
Standard
Northwest
8%
13% Mar
140
29%
14%
.
15%
•
Northern
300
109
•
14%
14%
.
—
Co
.•
46%
vtc
common
common
North
400
„
43
29%
109
-100
National
Maine RR—
42%
•
L
National
38
31% July
701
ft
43
cumul pfd—*
common
$1 prior preferredMontgomery Ward &
16% Mar
Jan
Field
Mickelberry's Food Prod com
Middle West Corp capital
1——
Sep
Miller
25
15%
37
& Mfg $2%
4%%' preferred —1_
Masonite Corp common
Sep
69% Jun
12
.
■
Marshall
Apr
67%
Jan
130
25
,;>
■
80 % May
59% July
20
65%
140
ft
common
50
July
Bonds—
Boston &
Jan ;j,.
7%
30
*
Cylinder Gas common
National Pressure Cooker common-
Westlngbouse Electric Corp.
6%
9%
960
35%
.12%
Jan
9%
80%
15%
System Inc
7%
7
1
81
140
140 *•
Jan
5,000
Libby McNeil & Libby common
Lincoln Printing Co common...
205
657/b
Smelting Ref & Min common—50
& Mass Ry Co—-———100
7%
10
Sep
33%
66%
—10
U B Rubber-
Vermont
300
Jun
common
High
4% Mar
12
16%
Co
ft
LOW w
100
41%
23 %
46%
47%
12 '
8%.
Jan
&
Rang* Since Jannary 1
High
8%
344
41
79%
Low
9
Shares
35% July
10%
1,566
108% 109%
.
23
,—25.
LaSalle Ext Univ common
for Week
•
Leath
21%
'.
preferred
6%
Apr
33
....
United Shoe Mach common.-
16%
40%
41
5
Union Twist Drill
17
15%
16
Inc
Webster
ft
Stone
14'/4
410
16%
Assn
Shawmut
Sep
17
Sale*,
Rang*
ef Prices
Par
High
Low
if"
Sale Price
STOCKS—
1
Range Sinoe lanaary
High
Low
Par
Week'*
Last
for Week
Sale Price
STOCKS—"
ENDING SEPTEMBER 14
Sale*
Week'*
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4421
1311]
OTHER STOCK EXCHANGES
:
Friday
Week's
Last
Range
i
7%
—
Motors
General
10
—
74%
,
Ttmken
19 %
215
18%
108
28% Jan
Jun
20%
40
•51%. Jan
75
Prudential
Rlckel
Invest
Low
Sqotten-Dlllon
Sep
2,212
225
5%
8%,
10
__
13
ef Prices
Pur
Akron
Brass
Ice
Clark
Low
_50c
Controller
6%
Cliffs
preferred
Elec Ilium 4%% pfd—
Manufacturing
23%
.—4<
——
(B
Goodyear
Tire &
F)
66V2
.
Bros
Jaeger Machine
Jones
&
Kelley
G)
(A
class
Portland
10
Acme
National
Corp
,85
23%
Sep
52
185
Jan
55
:..8%. Jan
33
Reliance
Jan
39%
Sep
17%
11%
11%
687
7%
30
Feb
Jan
Seiberling
Rubber
Standard
Oil
of
Jan
52
350
23%
Jan
35
11%
700
4%
Jan
20%
Jan
6%
68
.
85
888
6%
31
2
Jan
100
18%
22%.
100
16%. Jan
Western
White
Reserve Invest'g
100
14%
689
Corp pfd_100
— «•
1
—
;Vv ;.v: 190.
'
5,070
6%
6%
26
So.
130
55
10
a62% a62%
49%
Interlake
:,r
N
1
Iron
18%
Jun
AMD
Oil
Listed—Unlisted Issues
56%
Sep
26
Sep
Jan
July
18%
1
Jan
130
140
Apr
26 %
Jan
35%
Jan
56%
Bandini
Barker
Petroleum
Bros
5%%
Sep
Corp
common
*
29%
^
Low
11
100
5
4,845
4%
Youngstown Steel
1
Jan.
30% May
50%
Feb
52"% ;Feb
57%
65
17%
90
75
10,175
3%
3%
5%
5%
4%
4%
4%
3,740
27%
27 %
Chica
Oil
Corp
60
Sep
53% Mar
20
Jan
64
May
Central
Packing
*
com
Corp
Corp
Investment
49%
Jan
34
Sep
Colorado
67
39%
Jan
58
Aug
11%
255
81
17%
26%
401
72%
72%
418
a27
a27 Va
12
Sep
8c
Iron
-
56
—•
Jan
20%
26%
Sep
75
Sep
Dresser
of
America,
Mar
27%
Sep
Industries
&
Inc
.
Merchants
..
Co
Motor
Bros
Lincoln
Car
15%
17
2,680
10%
Jan
17
155
71..
Jan
92.
801
27%
Jun
33%
570
12% Mar
15%
800
30
Jan
45
510
Feb
540:
STOCKS—
Range
of Prices
Gray
Gar
Wood
Industries
Lamp
Lock
&
Kingston
Kir.sel
&
Masco
700
1,380
21%
Jan
2%
950
1 %
4%
4%
666
10%
11%
4,055
10%
10%
240
10%
559
4%
2,106
3% Jan-,
10%
11%
4,402
5%
12%
12%
common
12%
15%
16
200
12%
Jan
16
23%
23%
275
16%
Jan
23%
7%
7%
160
10
5%
1%
1%
II
29
74c
70c
l
1%
3%
17%
Car
•
71/3
—1
3%
,
Park Chemical Co
Co
Rust-Proof
2%
footnotes
»
Products
see
page
i
1316.
75c
115
200
7,609
3%
.
1,650
17%
I 540
7%
1,265
3%
3%
400
32%
*
Wolverine
7%
1,800
29
"1%
3%
Casting
250
32%
579
24%
H
"4%
24%
276
20%
21%
2,113
4%
4%
4,545
1
Corp
,41
540
540
10
75
9%
747/a
al6Va
74%
26%
25 V2
•
;
9% July
74%
Sep
Feb
15 Va
Jun
16%
Jan
26%
Sep
lOOu
295
1;
40
Sep
50% July
Jan :
40
Sep
87% Mar
53%
80
80
200
75
400
15%
Jan
19;
215
a6%
45
71% July
Apr
30%
18%
15% July
3% Jan
40c
800
25c
/ 95
16%
18%
1,090.
13%
19
75c
80c
1,600
45c
45c
Jan
'i
29%
718
31
al79%al79%
65c
__1
2.80
—1
2.90
1,595
31
Aug
1.45
Sep
Aug
Sep
-Aug
192
July
60C
5,120
8%
2.70
7%
183
300
Jun
18%
;ff 85c
19% Jan
2
65c
65c
Sep'
<-•
6% July
Jan
75c
Mar
32% May
Jun
18.
__1
_
7% Aug
Jan
62%
260
40
40c
Sep
Sep
July
12%
a66*
a5%
JUn
Sep
16% Aug
Jan
29%
a5%
aL' »"
.
755.
a57% a59
29%
Jan
Sep
100
26%
40
13'
450
al6 Va al6Va';-
.10
—1
<
al5% al6
540
10c
,10c
6
May
3%
Jan
1%
May
26% Mar
1%
32c
Jan
Jan
2% Jan
13%
Jan
7%
Sep
Sep
Sep
Jun
Pacific
75c
Jan
Feb '
3%
6% Aug
Jun
9% Mar
Sep
1%
Feb
1%
76c
Sep
Sep
July
3%
Feb
19%
Jun
5%
Jan
3%
Feb
7%
26% Mar
21%
Sep
4%
Sep
Jan
..10
com
—25
common
32c
35C
all% all%
"40%
40%
..
15
930
40%
..25
39%
39%
58
344
Jun
July
14%
41%
Jan
Jun
Jun
38%
$■
275
a53% a53%
common
37C
"75c
Jun
34 Va
152
58
Jan
Apr
14%
35,200
..10
-
20c
29c
2,000
57 %C 67 %C
Jan
41% May
51 %
Jan
48%
Jan
59% July
53 Va July
Ranch
Oil
common
Co...
1
7%
7%
7%
43
40
44
Richfield
*
12%
12
Ryan
1
6%
3,245
Oil Corp common
Aeronautical Company
Safeway Stores, Inc
Shell Union
Sinclair
Solar
Corp..:
Corp
Aircraft
33
'
Jan
44
12%
1,015
10%
6%
1,700
1
13% Mar
■
preferred class B—
5%% -preferred C-..—......
Sunray
Pacific
Oil
Oil
23%
APy
25
25% Aug
27%
Feb
1,709
14% Aug
17% Mar
100
11
21
Co
-25
33
-25
a31
-25
31
a 48%
Company
of
Calif
1,105
Transamerlca
Jan
Traer
31
*
13'A
Corporation—
13 Va
—
al3
33
30 Va
Jan
32% Jatf'
30
Mar
31% Jan*
330
13%
al3
26% Jan
198,
1,052
6
2,054
49
a48% a493A
Coal
985.
152
41%
57/a
Jun
'b.i'i
154
-
a48Va a48%
5%
Transcon & Western Air Inc
Truax
33
a31%;'
41 Va
Corporation
May
16%
16 %
'
,6%
;;
■50
39%
Sepi1
Jan
57%
Jan
45 Vi
Jun
Sep
7%
Jan
10% Mar
14 %
28
Feb
12%
Feb
49%
12%
.39
5%
JUtt
.'
Union
Oil
of
California
..25
22%
22%
22%
1,799
99'A
*
preferred series A
Sep
10
22%
6% May
20% Aug
:
a!7% al7%
16%
Southern Calif Edison Co Ltd—
•
8% Jan
Mar
6%
a26% a26%
15
Company
Jan
2,800
22%
—•
Oil
Oil
5%
99%
30
JlihV
Sep»r
Feb1
•
•> -• jf s-
4 ••
20%
Jan
25% Mar
99
Sep
99%
Universal Consol Oil Co.
IIlO
17%,
17'A
105
15%
Jan
28
Western Pipe & Steel Co
-10
29
33
500
27%
Apr
33
7c
Jan
11c
Sep
I
Mar,
Sep'
•.M
if
Mining Stocks—
Black
Mammoth
Calumet
Gold
Gold
Cons Mng Co^.
Mines Co
Mining Co
Ma'y^
8c
5c
.25c
2,000
4%c
5c
15,000
lc
July
5c
,Sep'3
6c
.10c
.10c
8c
7C
3,000
6c
Mar
11c
,jun;
16%
17%
Jun
May
23% Mar
2%
35c
*65(5
3% Mar
33
13
Jan i
Corp
Elec
8c
1
1
1
Zenda
29% Feb
..
T■••.""
Rice
$3%
5%
29
Corp
Republic Petroleum Co
Southern
27% Aug
5%
m a
Co
Indemnity Co
Lighting Ccrp
Standard
Jan
5%
15%
'
40
IIlO
1st preferred
4% July
Jan
l
33 Va
15%
15%
—-.1
com
Co
Gas
6%
12% Aug
9%
1734
For
Sep
1
Products
Peninsular Metal
74%
23%
•
Co—.
_L_
Petroleum
Oil
Pacific
Pacific
Sep
238
10
Parker
Sep
10%
175
1
&
11%
*
Corp
Davis
Jan
2% July
5% Feb
27%
«5»*
Parke,
Jan
23% July
27%
27%
1
Parker
62%
Sep
Jun
2%
;
common
Co
Motor
Mar i/
Jan
74%
i
Murray
Apr
%
7%
4%
6
May
7% Jan
1
4
74%
Michigan
•Packard
'
4%
McClanahan Oil common
Die
•
5% .Aijg
741/3
11
Sep
12%
Jan
10
Mfg
S)
Screw
5%
23%
2%
5
Bearing.
Products
(S
5%
23%
1
.
Drug
Kresge
.Jan.
8% ,Jan„
1
.
Hoskins Mfg J.
Houdaille-Hershey
Hurd
3
5%
1
Brewing
Graham-Paige common
Ball
,
'■
2%
3
33 Va
a66
,1
Finance
Sep
2%
18
...Jan.,
10
Goebel
Hoover
300
600
Feb
13%
3 % May
14
23 %
1
Motors
Hall
11%
10%. Jan
5
Finance
General
g
11%
'
356
20
Brewing
General
1,175
1,075
2%
July
10
common
Iron
Frankenmuth
13%
2%
16%
nmt.
*
2*
*•-'••..
Navigation
Edison
Detroit
_1
i " ""
-
Detroit
•
12%c
—■;
Rang* Sine* January 1
100
13%
10%
„
a86% a89%
*
a57%
com
Co
Pacific
High
>2%
"
Motors
|:V :
Detroit & Cleve
...
13%
_1
Machine
2%
O
OH
Oceanic
*
High
2%
.1
_
-
1
Rubber
Brown, McLaren
Burroughs Adding
Burry Biscuit
Continental
Low
16y2 Aug
i;i,v
Shares
Sale Price
,
•
«
Petroleum Corp.
Occidental
for Week
Par
Electric
w
40
Company
II
Menasco Manufacturing Co.
Northrop Aircraft Inc
Exchange
89%
50C
10
Angeles Investment Co——.
Mascot
Sep
29% July
X
Co
Petroleum
Lockheed Aircraft
Los
Jan
Aug
28%
Jan-,
Ltd.--
Packing Co
Intercoast
Last
Apr
26%
8%
State
Lane-Wells
Sales
27%
608
100
Hupp Motor Car Corp
&?*■:
Week's
20
123
3,620
Bk_
Corp common
Corp com
McBean & Co
Holly Development
Randolph 5530
Friday
&
Paint
Hudson
•
DETROIT
Detroit Stock
22%
28%
sJun
5%
>:
29%
Radio.
Nat'l
Television
Goodyear Tire & Rubber Co
Hancock Oil Co "A" common
New York Curb Associate
..
,Jan
23%
*
.
(new)..
Motors
Hunt
Telephone:
89
Aug
94
Corp
Gladding,
Chicago Stock Exchange
Ford Building
4
170
1
General
V
^
V'
Detroit Stock Exchange
Mar
100
28%
Sep
Apr'
29
4
Golden
Members
27%
33%
_
Jan ^
77
Sep 1
Jun
21%
Electrical Products Corp
General
Exchange
Jan-.
'Is
28%
.
Jan
WATLING, Lerchen & Co.
New York Stock
15
5%
1
Douglas Aircraft Co
58%
Creameries
Garrett
.
21
'•
4%
4%
al27%
Feb
20
85
Jan
•
32%
Parnsworth
]:• '.-Vs
1.75
Jun
3%
'. -5% Sep
-Jan
al25%al28%
t ■
,
•
Preferred
Jan
16 Va Aug
19 Va Jan
335
26 Va
8% Mar
21%
Fuel
85
1
5
85
-75
.
-3
186-
•I
a33% a35%
100
;
Consolidated Steel Corp
Sep
.
17%
.
,V
com
Cessna Aircraft Company
Chrysler Corporation
Jan
11%
*
Door com—
44
,
Farmers
Baldwin
Apr
1% Mar
3,317
1
25-
2,020
5%
Bolsa
5%'Jan
v
634-
1
Exeter Oil Co Ltd class A
Allen
3% Aug
29%
52%
2
Corp.
ll%-Sep;
29%
Berkey 8s Gay Furniture Co
Diamond
High eg,
5% Apr
52%
50
Consolidated
37%
*
common
33
a.;',
Range Since January 1
High
11.
4%
Shares
Blue
California
.
;■
for Week
Low
1
25%
•
Steel
ST.
Sales
.Range
_50c
Co
preferred
Barnhart-Morrow
Aug
Sep
39 V8
'
375
a25% a26%
•
]
Exchange
of Price*
Par
10
CQmmon
Steel
S
BROKERAGE
FACILITIES
Week's
Sale Price
Aircraft Accessories Corp
200
4"
-
common
Sep
Co., New York
Exchange
Last
STOCKS—
49%
*
Republic
U
,.
common
Y Central RR
Ohio
—
26.,.
•
a54% a55Va
*
Industrial Rayon
6% July
Jan
Spring Street—LOS ANGELES—TRinity 4121
a33%,a33%
«
common
Jun
2% Mar
i-
50
19% Aug
94
55
a59Va a59Va;
General Electric common
Co
19%
;
•
Feb
.40.
'
Jan
4% Mar
100
Los Angeles Sleek
Sep
45'
18
145
a34% a35%
1
Sep
6%
Apr
1%
)
.v
9% May
Mar
36
432
26
Unlisted—
Cleveland Graphite Bronze
Firestone Tire & Rubber
10%
Jan
5
1%
1%
.
Broadway Dept Store Inc
Glidden
4%
100
.
'
Sep
22%
Jan
i97/a
1,006
26
130
.
—
40
5% Mar
2,266
5:/;
/. t <>'•;* '**•'
'•
r>
Sep
16% Sep
23% Apr
55
,
23%
26
*
650
Sep
31
39% Mar
a56% a56%
26
S & T com
17%
49%
22%
'
*
Motor
Youngstown
17%
al6% al6%
Van Dorn Iron Works—f—
Jan.
May
Sep
6%
Jan
48%
—
49
— —
835.
.
8%.
/
40
1%
4
Friday
31
22%
10
—
A;.
common.
12% Aug
29% Sep
50'A
a28% a29%
*
Ohio
Thompson Products, Inc
.
Feb
Mar
3%
11% July
43 Va
35
11%
6%
—
5"
37
Sep
Jun
„
"
—
10%
8%
5
Member Los Angeles Stock
Sep
13% Mar
«—
5
—
Bros
45
Sep
Sep
Apr
23%. Jan
*
Electric
5
FAIRMAN & CO.
May
10
39%
Jan
'
Richman
Jan
COM PLETEJIN VESTMENT
Feb
27%
-*
Patterson-Sargent
143
17%
50%
*
Tile
Packer
flVs
Sep
45
34%
1
;
Jan
2%
793;
Direct Private Wire to Allen &
Jun
37% Aug
16% Jan
10
23
150
;
•
5%
110
4%
Sep
58%
Mar
850
*
com
67%
July
14
461
16%
11%
*
i
Paving Brick
Metropolitan
National
B
Cement
July
48
28%
17
*
T
& Sessions—.
McKee
Medusa
53
332
9%
Apr.
hs.:
8%
Jun
J*n
3
7,020
May
a38 % a39%
*
;
;
L,&
Jun
25
151
,
class
1
14
7
900
Sep
65
Apr
10
12% Feb
3,135
*>:•■ 45
4%
Sep
Jun
5%,Sep
Feb
66
130
.
.•4%
3%
4
24% Mar
Jan
38%
28%
114%
Jan
161
53%
9%
37%
*
z
Laughlin
Island
Lamson
53%
38%
Jan
18% Jan
57
23%
—L.
——
—
5
Sep
22%
39
23
*
4V»
45
z±i
Wayne Screw Products
Young Spring 8c Wire:.
Feb
49
64
4%.,;
High
Jan
,24%. Jun
94,
Aug
100
;
20
39
.150
•
Steamship
24
20
'
'
—
.—5
common—~.
Co
Interlake
65
a57% a58%
Preferred
Harbauer
65
a66 Va u67 Va
Rubber com
Stores——
—Great Lakes Towing common- _100
109%
-
1,956
65
common—
2
24
7%
23%
19%. Jan
-8OV4 Jan
145
.93%
23
;—_"_i
——
Drug
Halle
Jan
a60% a66
66 \
itabber
Goodrich
Gray
Jan
20%
10
24
Electric: Controller
Faultless
6%
137
Co
Warner Aircraft
High
/*~
300
110% 110%
5
Corp common
Eaton
'tow
;
7%
93 \
Cleveland Clifls Iron
Cleveland
High
9%
,4%
10
Walker. 8c
Range Waee January 1
,<•
a23% a22%
—
>,
9
,4%
4%
UdyliteCo
fer Week
Share*
common.
Axle
1,385
9%
tJ S Radiator commonUniversal Cooler class B„
:
.
1
1,100
13
12.%
2%
3% May
3% Jan
'
823% a23%
Mfg
Fuel
&
Sales
.
Range.
Sale Price
STOCKS—
City
Week's-
;
1
Timken-Detroit
Tivoli Brewing
GtoveM Stock Exchaago
Low
3%
3%
;]Sep
60%
Range Since Jannary 1
High
3%
Standard Tube B
•'*
Shares
3%
Manufacturing
Simplicity Pattern
Last
fer W.eek
2
(H
W) Co
River;Raisin Paper—
Jun
Sales
Range
1
Sbeller
Friday
Week's
of Prices
Sale Price
Par
8% July
75% Sep
Jan
352
39%
60% k
59%
—
62%
I STOCKS—
High
AiJ&n
60
75%J
'39Ya
Bearing-.
Low
7%
19
Brands
Roller-
H
Last,
Ranee Since January 1
High
■
7%
74%
Pure Oil
Standard
SEPTEMBER
Friday
Shares
of Prices
<Lovo
Par
Columbia, Gas
ENDING
lor Week
Sale Price
STOCKS—
RANGE FOR WEEK
Sales
Unlisted
Stocks—
Amer Rad 8c Stan San Corp
Amer Smelting & Refining Co.
American Tel & Tel Co
985
*12 "
Jan
*
a56% a56%
152
-"42%
Jan
IIIIlOO
al837/8al86%
498
•
17
al84
161
Feb
"
17 Va
50%
Sep
Jun
180% Aug
.
Monday, September 17, 194S
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1312
OTHER STOCK
RANGE
Anaconda
(III)
A T & S F Ry CO—;
Aviation
Corporation
Armour & Co
i
1*
—
—
Boeing Airplane Co
Co
—i:
25 A
a56/«
Corp
25
—
—
—
—
,
Electric Bond
Light Corp—
Power &
Electric
Electric Co
General-Foods Corp—
Graham-Paige Motors Corp
Great Northern Ry Co pfd
General
--
048%
a46%
11
a53%
——*
*
•
7
Inc
Loew's.
Pennsylvania Railroad Co
Phelps Dodge Corp
——
Inc —
Oilman
—
—
—
28
—
—
•
;
Co——---•
—15
Roebuck 6c
Bocony-Vacuum Oil Co
Southern
Standard
Standard
-Standard
&
Stone
Railway Co
,*/.•
Brands, Inc
*
Oil Co (Ind)
25
Oil Co (N J)
—
25
Webster, Inc——.—.*
Corp
Studebaker
:
Co
Texas
——
*
—
——
Gulf Sulphur Co
Texas
Oil
Tide Water Assoc
•
Company—100
—
10
5
—'*
10
Pacific Railroad
United
Air Lines Inc_
United
Aircraft Corp
United
Corp
U
U
S
(Del)
Company.
Rubber
S
Bros
Co A—
Westinghouse Elec & Mfg Co
Willys-rOverland Motors, Inc..
Woolworth Company (F W)
Union Tel
Western
—__
—
2%
—
a73%
*
-5
*
Corp—.——
Pictures Inc—
Steel
Warner
—
Carbon Corp..
Union Carbide &
Union
-10
;
17%
—
12%
k
1
10
—
—
—
Aug
Salt Dome
68%
86%
Sep
Scott
17% Jan
27%
Jun
Sun
34%
38%
Jun
Tonopah
42%
Jun
Transit Invest
Jan
Jan-
745
10% Jan
19%
Oil
39% Jan
42
May
50
48%
Jan
66
Jun
29
20%
Feb
23%
323
4%
Jan
16%
Westmoreland Coal
Jun
Jan
29% Mar
160
354-
-
34% Mar
33%
20
21
220
25%
Mar
7%
5%
Jan
160
19%
Jan
22%
Tel
ZlOO
common.
13
Baldwin Locomotive Works v t c_
...50
Bankers Securities Corp pfd——.
Autocar Company
65
9%
Jan
4%
Jan
13%
Sep
579
38%
Jan
47
Aug
118
40% Mar
1,300
5%
Budd
(E G)
195
50%
45"%
Arkansas
Jan
5
Chrysler Corp
Curtis Pub Co common
7%
580
Lone
Sep
Mountain
10
Sep
28% May
Jan
25% July
93
48%
1,090
Jan
69%
22
Jan
32 %
155
9%
Jan
14
July
19%
Jan
26
Jun
General
Gimbel
Lehigh
28% Mar
34
422
33%
26
48% Mar
17%
Sep
Jan
Sep
59%
20%
Westinghouse Air Brake
—
Westinghouse Electric Corp
677
10%
Jan
16%
19%
Jan
26%
251
101 %
Jan
Pennroad Corp
—-
215
13%
Jan
#17%
34 %
Jan
52%
29%
Jan
35%
135
35%
Jan
39
57%
Jan
62
Apr
160
11%
Jan
16%
Sep
355
18% Jan
21
31% Mar
34%
Jun
55
Apr
201
49%
465
39% Mar
45
17% Jan
20
140
84%
Apr
77
117%
Jan
129% July
10
33%
Feb
42%
200
27%
Sep
32%
210
1%
58%
Jan
61%
33%
—
3%
142
__
,
18
Apr
44%
Jan
777
31% July
155
17%
Jan
41
Jan
North
Stock
__
- ,
Acadia-Atlantic
Preferred
Acme
Gas
Agnew-Surpass Shoe common
Alder mac
Copper
Inv
Algoma Steel common.
Preferred
Aluminium
Aluminum
For
....
Ltd
common
Co. of
Canada 5%
footnotes see
page
1316.
12%
1%
1,250
Shoe
Jan
24
July
4
Jan
Jan
6%
Jan
157,
8%~
16%
470
34%
132
72
1
36%
1%
Sep
16%
Sep
Jan
8c
Mar
8
207
37
Aug
10%
17
Sep
38
Apr
1871
31% Aug
//K
-
2, Missouri
Phone
CEntral 7600
V-;
Bell Teletype SL 593
vfcr-
<
fimWeek
Shares
Range 8lnce
Mar
25
Sep
S
&
D
80%
17%
Sep
Key
21%
Sep
520
92%
16%
3.619
13%
265
11%
12%
115
11%
12%
6%
6%
7%
128
Jan
High
8
July
Machine
Landis
Midwest
common
j
com
]
Feb
Missouri Portland Cement common
Sep
National
Jan
29%
Rice-Stix Dry
Jan
16%
Sep
Jun
Jan
17%
Jun
St
21%
12%
6%
.
St
Candy
Louis
Louis
Goods 1st pfd
Car
Serv
Pub
"A"
corn..
1.015
7%
Jan
12%
Sep
2,700
5%
Jan
8%
Jun
Sterling
*
3,224
450
32%
Stix,
40% May
Jan
41
37% Mar
FOR
Aluminum common
Baer & Fuller common
Wagner Electric common.
Jan
ENDING
Anglo
Low
High
High
2% Mar
5%
Jun
Sep
43%
Sep
14%
Jan
20
Feb
47%
Jan
65
a
9%
10
/
39%
8
18
-
30
•
24%
1
15
17
15
Sep
Feb
40
Sep
Jan
15
Jan
18% May
35
40
Sep
Jan
13
•
17%
11%
15
38%
40
Jan
41
Sale Price
•
Canadian Oil
p
Anglo Huronian
Aquarius
Area
Arjon
Porcupine
1
Gold-
Gold
Mines
1
for Week
Shares
Range since January
5,110
73c
87c
88c
8.80
9.20
3,591
65c
21,200
60c
Jun
96c
Mav
61c
60c
May
27c
Jun
7.60
21c
26c
21c
2,ooo
23c
27c
22,200
10c
Jan
31c
Mar
75c
Aug
50c
May
21c
Maj
29c
Apr
66
63%
67
6,184
44
Mar
67
Sep
Armistice
Gold
1
70c
65c
71C
19,600
27c
168
140
Jan
170
Jun
Arntfield
Mining
1
37c
36c 43 %c
102,100
28c
165
105
18%
17%
17
99%
18%
99%
1,245
99%
55
99
Aug
Sep
9C
9c
5,500
7%c
Jan
19%
Feb
9c
July
23
23%
75
9%c
9c
10c
9,870
15%
15%
16%
150
101 101%
45
122
95
106
245
Sep
Astoria Quebec Mines
Atlas
%c Apr
Yellowknife
Mines
Jan
Aubelle Mines
20c
Jan
Aumaque Gold Mines
Aunor Geld Mines
18%
Jan
14%
Feb
97
Feb
9c
9c
9c
1,000
20c
19 %c
22c
82,150
15c
1
45c
45c
47c
28.400
41c
Jun
95
Feb
101%
Sep
Bagamac
Jan
107
Aug
Bankfield Consolidated Mines
Mines
July
.
65c
391.000
35c
1.18
1
55c
1.14
1.25
28.100
74c
Jan
1.90
Jan
4.25
Jan
60c
3.90
3.90
4.00
1.155
—1
1
39c
3.60
44c
4,425
13c
14C 14 %C
2,000
10%cJun
38C
Aug
1.03 May
80c
61c
Mar
Aug
_
100%
Feb
————X
Ltd
24
101
6%C
Aug ~
—1
Ashley Gold
100% July
9.55 Mar
Jan
16c
2.725
14
1.13 Mar
Jan
87c
9.20
4%
—
1
High
Low
High
4%
18%
Sep
May
Sales
Range
Low
1
Mines
Week's
of Prices
4%
V
Sep
Jan
27%
15
■
Sep
Mar
11%
40
16
Jun
24%
142
9
17%
15
Jun
24
Aug
July
36
,
Jan
20
Sep
23
Jan
Jan
Jun
"
134
39%
15
18
17%
142
17%
15
Jan
Feb
11
Jan
27%
"
24
22
142
Feb
20
22%
Jun
9%
22% .22%
24
Jun
42%
Feb
11%
14
30
29
34
23r-i-"Jani,..
41
17%
July
2% July
1% Feb
2
33%
14
Mar
34
i
40%
«
•
5
STOCKS—
Range Since January 1
17%
'
17%
31
Par
Shares
Apr
61
2
2
Last
Sales
for Week
Sep
Sep
16
SEPTEMBER 14
Exchange
Range
27
30
LISTED MARKETS
WEEK
Funds
of Prices
Mar
Jun
Jun
270
43%
41
5
1
10
15
Scruggs-V-B Inc common
10
22%
22%
350
33%
10
common
July
61
8.33
100
common
58
43%
17%
Piping & Supply com——*
51
Jan
Jun
500
^
17
25
75%
62
.
Sep
22% Jun
Jan
43% Aug
89
common
270
Sep
6%
Jan
;
Sep
51
Apr
45
27%
30
11
Jan
54
8%
»
Monarch common
Laclede-Christy Clay Prod
17% Aug
9% Jan
250
17
Co
48
25
26%
100
Knapp
20
4
Jun
Jan
.
6%
*
Preferred
235
'
7%~ Jan
54%
common
International Shoe common
Jan
121
i05%
January 1
Low "
H **
High
51
5
Hyde Park Brewing common.___.__10
Hydraulic Pressed Brick com
100
Huttig
10%
13%
121
'
.
•
Bglel
Week's
10%
*
1
Brewing com
Griesedieck-Western
High
Jan
Pepper common—.:
10% Jan
100
106
34% Sep
37% May
27% Mar
402
Feb
Jan
Jan
9%
34
'
Sep
Unlisted Securities
1
Falstaff Brewing common
57%
20
29%
*
Feb
Jan
5c
11,000
10
9%
16
—15p
6c
•
142% Aug
90c
1,<.<J
1*74
16%
lu
Coca-Cola Bottling common
630
29%
9c
4% July
Jan
Jan
21
_
14°
Low
"
common
Electric Co
Century
260
124% 128
168
Sep
Jun
2%
400
• -
650
Range
50
3
...
Equipt common
Bldg
17%
1,501
..100
•
pfd.-lOO
Feb
July
118%
—I
of Prices
1
common
preferred
21%
21%
•
*
9%
Z
4
Sale Price
Par
Brown
Low
75%
;
15
3
Last
Range Since January 1
Shares
49
•
100
—100
*
common
24%
) r
if.
Friday
Dr
20%
—__100
Sugar
....
& Oil
Jan
Jan
'
75
Low
18%
-10%
1,089
22%
4th St., St. Louis
STOCKS—
16%
Week's
Jun
80
133
33%
35%
10
16
37
__
37% May
19%
39 %
25
J,
-
Exchange
45% May
80
f
73
38%
24% May
Jan
St. Louis Stock Exchange
25% July
Sale Price
—
24%
Jan
35%
—
8% July
Jan
18%
16%
5c
8%
16
—
Jan
4%
1%
1%
Jun
13%
125
Last
7%>
3%
22%
3
142
8%
13
20%
660
C-~
St. Louis Stock Exchange
Sep
49%
280
Sep
38,%
5% July
16% Sep
60
Chicago Stock Exch.
Chicago Board of Tradex
New York Curb Exchange Associate
Jun
39
34% Mar
Apr
129
23% 24%
13% 13%
10% 10%
—
Jan
3%
287
8
24%
Friday
preferred
prefererd
23%
23"%
13%
10%
High
28%
77
4%
16%
__
-
Low
170
34%
23%
—
__
33%
4%
16
7%
...
Range Since January 1
High
Jun
30%
37%
Sep
21% July
Members
York
New
71% Aug
59% Jan
24% Aug
Toronto Stock
6%
Jun
Jun
3
Jan
50
447
863
38%
Jun
19% July
39%
V
Jan
29%
...50
common
18%
Sep
RANGE
Power & Paper
42
Established
92% May
CANADIAN
Abitibl
19%
of Prices
com—12%
300
Mar
Jan
22%
Par
39%
Jan
Edward D. Jones & Co.
Sep
55
186%
Friday
Jan
30%
Sales
29 % May
48%
73%
STOCKS—
13%
25
Jun
260
Jan
Canadian
1.925
i
Jun
Jan
50
Salt Manufacturing
Penna
69
19%
Shares
St. Louis Listed and
Jun
80
74%
Pennsylvania RR
45%
Jun
47
i *+
Apr
200
20%
—Il
Jan
it
16%
—50
3% Jun
19%
.
108 % May
—10
Coal & Navigation
Lehigh Valley RR
National Power & Light
Jan
38%
Sep
17%
13%
1%
Sep
980
157%
*
3%
1,120
Mar
50
..—
Steel—
Alloys
Vanadium
Jun
29
Mar
600
336
260
Steel Springs
Standard
40 % May
Jan
Mining——
Shamrock Oil & Gas common
7% Aug
Jan
5%
170
12%
Motors
Brothers
Jan
for Week
.**
Mfg
San Toy
Feb
20 %
574
Electric Storage Battery
1% July
1,749
2%
2%
Low
10
;—*
25
•
1
5
1
1
1
*
*
Co
Renner
Ruud
16% Aug
606
Fuel Supply
Fireproofing Corp
Radiator
Pittsburgh Brewing common
Pittsburgh
Plate Glass
Pittsburgh Screw & Bolt Corp
Jun
50
Gas
Star
National
Sep
365
T3%
Light
Power &
Delaware
Apr
Range
*
10
10
—
National
57
335
Walker Refrac
Jun
40
35% Mar
490
High
16%
%
1%
Week's
5
Brewing
Harbison
35%
Jan
30
185
29
126%
Sep
2% July
Jan
1
99
39%
:
„
*
Duquesne
853
•»
65
18%
.
•«-»
•
10
Devonian Oil
Jun
22%
*
56% Aug
Jan
188
2%
■
Feb
57%
45%
*
com
Electric common
Gas &
Columbia
11%
9% Jan
280
23%
—
{iVV;1
18%
*
Co
Blaw-Knox
Sep
22%
17%
Mfg Co common.—
Budd Wheel Co
/
Jan
42%
49
1%
2%
2%
.
10%
6% Aug
50
189
.
Sale Price
Ludlum Steel
Natural Gas Co
Allegheny
12% Aug
52% Apr
Jan
183% 186%
29
65
1%
STOCKS—
for Week
22%
56%
.
Last
Sep
325
Range
184
7%
Friday
Sales
5c
24%
,
Par
Week's
23%
—
405
29% Mar
Jan
Pittsburgh Stock Exchange
15% July
Last
American Tel b
39% May
19%
64%
Jun
-
520
Friday
American Stores
32% Mar
53%
56%
Sep
Philadelphia Stock Exchange
of Prices
431
125
Jun
Mar
Bank
Low
Sep
32%
7%
10
Jun
12%
Apr
9
75
1%
25%
Jan
Jan
18
5%
Sale Price
32%
39
22%
—20
-
Westmoreland Inc
Apr
Jun
122
31 % May
U Feb
preferred
Improvement..
$3
July
18% July
20
common
Corp
United Gas
8
3,175
—
Sep
28%
Jan
Jan
32
—25
—25
*
---*
13%
Corp com—
24%
117
70
37%
37%
---1
Mining
829
27%
Jan
21
4.167
28%
118
High
>
27% May
*
—
.*Preferred
United
Jun
io
a97% a98%
al23%al307/8
42% 42%
27% 27%
2% 2%
a66% a66%
a71% a74%
17% 18
a48% a49 A
36% 36%
227/8 22%
a47% a47%
Par
common
Paper
Low
27%
27%
118
1
•
Oil Corp
American
STOCKS—
26%
26%
1
Range Since January
High
'
39% Apr
,
aVv
53% 54%
44% 45
al7% a 17%
_.
Low
Feb
49%
62
a cts?
—
—
24%
225
28% 28%
—
-
30%
Jan
209
al33% al33%al35
a 15%
al5% al6
a47%
a46 a47%
—
a39% a40%
—
a37% a38%
—,
a61% a62%
__
16% 16%
-1
25
25
,—
& Co
Swift
—
common-
Aug
17%
488
a37% a39
28
28%
a58% a59%
19% 19%
16
16%
26% 26%
a58%
Co
25
48% July
115
7% 7%
33% 33%
a38%
Corp
Reading
Jun
pfd
8%
Power
Elec
Phila
Jun
common
preferred
4.4%
Apr
9%
preference
145
al7%
a 17%
—
$1
115'
69% 69 A
26% 26%
all% all%
a26% a26%
—
•
America
Republic Steel Corp
Bears,
—
*
•
1
50
25
•
*
Oil Company..
Motor Car Co__
Paramount Pictures, Inc
Packard
Corp of
26%
all%
1
10
Ohio
Oil Co
69%
Shares
•
•
100
25
3
50
Philadelphia Electric Co common
Phtlco
a33
a33
for Week
Jun
98
5% Jan
810
„J* JL
a27% a27 A
—
•
Central RR
American Aviation Inc
North American Co
York
North
Radio
fl27%
Inc.———18
Ward & Co, Inc
•
Montgomery
Pure
—
& Robblns
McKesson
New
—
—-—————
—
Jan
11% 11%
34% 34%
39% 40
-
—
Canada
Int'l Nickel Co of
Libby. McNeill <fc
1
al4%
1 13% 13 /4
a48% a49%
a45% a46%
10% 11
a51% a53%
—
Llbby
Interlake Iron Corp
77%
al4
—
,
Kennecott Copper Corp
v
Sep
.
5
*
•
*
1
*
& Share Co—
Jun
10%
aH,(a
—-—-———1
Class A
36
Jan
15% 16
a42%a42 A
a66% a66%
a1^/* nt
7% 7 /a
a30/8a30/8
-c
}% ]% V
" 24%
24% 24 /4
all1/*
all h al2
__
a37% a32%
-25 A 25 /4
6%
6% 6%
,
a25 k
a24 /« a25 k
Aircraft Corp—
;
1
Continental Motors Corp
—1
Continental Oil Co (Del),——5
Crown Zellerbach Corp ——5
Curtiss-Wrlgttt Corp
1
'
Jan
6%
165
—
Vultee
Cons
Jun
29%
a46 /a a47 fa
-
Caterpillar Tractor Co
-*
Cities
Service Co
10
Columbia Gas & Electric Corp
•
Commercial Solvents Corp
-*
Commonwealth Edison Co
25
Commonwealth & Southern Corp..—•
50%
a40/8 a40 A
15%
Co—25
Canadian Pacific Railway
Case (J I) Co.——
20
573
a29 a29%
al9% al9%
ft55% a57/a
86/4
25/» 25%
--
—5
—
Sales
Range
ef Prices
Par
50%
1,208
9% 10%
a88 a89 /»
7/4 8
—
15
Borden
«
aJJ%
-5
Oil
Borg-Warner
--
j>
5
CO—,
Bendix Aviation Corp
Bethlehem Steel Corp
-
7/4
13
Works vtc
Baldwin Locomotive
Barnsdall
-
—
STOCKS—
High
Low
34/a 35
10%
--5
100
3
-
Week's
Last
Sale Prica
Friday
Range since January 1
Shares
a5J%
—
Co———50
Viscose Corp
Copper Mining
American
\
.
High
Low
14
for Week
Range
°' Frices
Par
EXCHANGES
ENDING SEPTEMBER
Sales
Week's
Friday
iLast
STOCKS—
8®'®price
<r
WEEK
TOR
Abr
Apr
Jan
May"*-
22%cApr
[Voluml
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
162
CANADIAN
RANGE
FOR
LISTED
WEEK
ENDING
1313
MARKETS
SEPTEMBER
14
Friday
Par
Canadian Listed and Unlisted Securities
East
Amphi
East
Crest
Sales
Range
for Week
of Prices
Shares
Low
/
Gold Mines
40C
Oil
Sullivan
MEMBERS
293 bay
THE
TORONTO
STOCK
EXCHANGE
2.91
4.40
4.10
4.70
105.450
30
street. toronto 1, canada
Branches:—KIRKLAND
Famous
Wnnnv
LAKE—TIMMINS
Week's
Sales
Last
Range
for Week
of Prices
Shares
Vriday
Par
Low
Federal
Low
Montreal
10
19
19
19 '/a
690
16%
Apr
20
Kirkland
of
Bank
of
Nova
10
28 %
281/4
291/2
555
26% Mar
30
Jan
7,500
12 %c May
Bear
A
Class
:
Z—1
Gold
Gold
155
1.05
161
1,900
98c
95c
1.02
13,500
85c
July
36c
35c
37c
27,616
30c
Aor
121/2
1
1
33c
47c
47c
15%
ie'%
17
*
Oil
47c
Sep
Jan
18
Feb
8%
Jan
10%
22%
Feb
25%
23% Aug
3,v.
1,390
37
170
25
Apr
20 %
Apr
27
3y4
1.100
3
British
Dominion
Oil
L
•
Porcupine Mines, Ltd.
Buffadison
Gold
Mines
37c
Canadian
Building
Gold
Burlington
2.15
1.50
2115
5.95
6^00
800
43c
37c
44c
94,800
03
23
24
230
__
—
*
Steel
Calmont Oils
Canada
A
*
.
.Preferred
B
•
—•
Power...:..,—.-class
A
Steamship Lines
••
common
50
—
Bakeries
Canadian
Bank
Canadian
Breweries'common..
Preferred
1st
...
preferred
New
Car
Fdry
preferred
Canadian
.
Dredge
Food
Canadian
173,
*
150
7%
Jan
11
70
32%
Jun
35
12%
380
45
45i/2i
17%
Apr
5
158%
Jan
151
39%
175
Jan
-11%
Jan
47
.
Jun
10
191/,
8
Jan
19%
44
Jan
57%
Apr
21
Industrial
13
25
:
24%
30%
*
73
Alcohol
A„*
com
_
;
*
Locomotive
Canadian
*
....
Malartic
Oils
*
old
common.——.
gy2
common
New
preferred
101%
Canadian
Pacific
Canadian
Wirebound
Ry
25
Gold
17%
*
Boxes-.
Cariboo.Gold Quartz..
Castle * Tfethewey
Patricia
Mines..
Gold
Mines
24
1
__
Gold
1
Gai
Chemical
Research —
Gold
20%
Malartic Mines—
Cochenour
Willans
Cockshutt
Coin
Plow
Gold
32%
58
Jun
International
32
Sep
International Metals
75
July
Feb
Feb
10%
Jun
Coal
International
Sep
8%
Sep
Internation ,1
16
35
<te
Coke..—.
Co
Jan
Jacknife
29
Jun
Jack Waite
11%
80
11%
Sep
11%
Sep
Jacola Mines—
101% 101%
17%
17%
8
101%
101%
Sep
2,411
11%
Jan
21
24
24%
55
20%
Jan
25% May
2.65
2.65
100
1.80
Jan
24c
Coniagas
5
—
—_
Coniaurum
73c
Sep
1.50
Jellicoe
J
Apr
M
Mines
•
14
14'A
4
79c
Mar
25c
Mar
1.50
26c
380
72c
24,700
Mining
Consumers Gas
&
Jun
(Toronto)
75c
15
83c
Jan
6%
100
1.90
300
1.33
1.45
6% Mar
i.gs
1.65
1.130
15
15
15
45
14
g7%
g7»/4
68%
1.470
49
....
146
27
115
1.25
3.000
Cosmos
Imperial Mills
»
"
26%
26%
105
Cournor
Mining:
Pershing Mines
1
ggc
56c
75c
104,235
—1
1.50
1.48
1
86c
croinor
„———
Crowshore
Cub
Patricia Gold
Aircraft
*
__
Davies
Davis
Petroleum
Leather
....
class
Class B
*
„;
A
Distillers
Dome
•
Seagrams
Mines
Quebec
giy2
26%
Coal preferred
Dominion
.
Foundries & Steel com
10
——-
Lake
Townsite
Labrador
Dominion Scottish Investors
Dominion
Steel
Tar
Preferred
Dominion
Donalda
Duquesne
For
Chemical
&
Jan
27
56c
Sep
70c
L45 Aug
28% Aug
11% Aug
1.15
42%
17c
13
2.150
235
18
13%
155
11% May
30
610
29
,25% July
'
25
Feb
30
Apr
7% July
14%
Feb
.
common
Mining
25
35%
Apr
3,315
7
Mar
12
Jun
1.115
14
Jan
19%
17
173/4
170
13
Jan
see
page
1316.
10%
-
1.01
28
3,700
1.05,
:>
28% '
Jan
10
Aug
.
1.40
Jun
101
Aug
175
3.776
31%
5,098
1.80
21 %
Jan
72.725
22
2.25'
90c
May
30'
;
July
101% Aug
Jan
21%
Aor
35
22% Feb
145
,
8
Jan
Jan
30
1.000
35
Mar
8
71o
a/,..;/: 125
,
39%
Jun
Jun
24% Mar
/
3.55 Aug
21c
24C
10,200
21c
39c
Feb
13 %c
14c
3,000
10c
Jan
18c
Jan
7c
7c
1,333
3c
Jan
13c
Apr
45c 45 %c
3,145
28c
1,500
5'Ac Jan
10c
10c
lie;
Sep
Jan
60c
18c
July
Apr
6%c
6%c
1.380
3c
Jan
12 %c May
71c
80c
48,680
55c
Jun
1.35 May
42c
40c
44c
35c
July
27
28
16
13%
16%
21.425
1.80
1.80
1.95
2,050
1.42
1
52.025
i
1.50
<
I
V
50c
34%C
38c
22%
4.25
4.75 >
1.20
1,900
14c
15c
21
20%
Sep
14c
7.375
1.18
Jun
2.25 Aug
1.57 Aug
Jan
40c
22
1,820
4.40
?
1.00 Jan
27,000
22
Mar
Jun
16%
Apr
11% Jan
18.130
35 %c
59c
29%
-
.18
560 ii
Jun
23% July
5.15 Juc
May
27
2.35
I;
5
27
1.76
..
Jan
24 %c
Jan
24%
1.944
Jun
17%
11,500
21
Jan
1.05 Mar
12c
Jun
Api
24% Mar
35
•
Apr
*
1.229
9.15 May
6.15 Jan
7.80
8.00:
17%
18*
118
14c
13c
14c!
9,800
32c
30c
40c
32,000
16%
16%
17
100
5c
5%c
6.300
1.45
1.45
1.50
22C
22c
30c *
76.900
22c
Sep
48c
Jun
85c
78c
94c"
214,650
44c
July
94c
Sep
1.85
1.85
1.95'
7.100
28%
28'/4
29*
186
27%
26%
27%
420
1.75
1.58
1.75
30.250
89c
Jan
440
41c
18,900
40c
Sep
1
—3
10
108%
Feb
793
7%
Jan
J. 44
110%
11
:
.
.
18 Va July
15% Jan
9c
Jan
25c,
Jun
22c
Apr
40c
Sep
17
Apr
10c
15% July
Apr
1.25
19.100
98c
Jan
22c
Jan
2.40
Apr
1
4.25
4.20
4.30
4.030
Jan
26% Mar
25
Mar
3.85 Jan
V
2.10 Jun
29
July
27%
Sep
2.09 Mar
80c
Jun
4.50 May
3.50 Aug
3.05
3.15.
7.105
2.25
Jan
2.85
2.96
11.050
2.17
Jan
3.05 Aug
1
3.75
3.60
3.75
6.260
3.25
Jan
4.15 May
*
4%c
4%C
5%c
11,700
28
30
115
Maple
Gold
Leaf
Leaf
Preferred
Gold
Fields
Garden
common
i
—
Milling Co
/,
Massey-nams
•
——————
Preferred
common
12% July
12
12
15
14%
4..n
12
21%
375
17%
J9C 12 %c
4.850
Jan
Apr
7c
Aug
1.35
22,400
77c
July
33c
27,700
27c
Sep
1.34
..1
29c
27c
•
20
13
12%
13%'
400
27
26%
27%
665
Anr
30
20
..1
qc
Feb
13%
1.25
Jan
Feb
12
-i
Rouyn Gold
2c
15%
10
13%
10
common
——.
Maralgo Mines
2.50 Mar
14.900
—
45c-
1.23
1.52 Aug
Jan
3.10
Marlon
1.18
-i
1.15
Jan
2.85
Marcus Gold
l.io
—
6,850
3c
1
Lake
Red
Feb
l.H
—
-—.
Jun
1.12
class A
Goldfields
Preferred
Aug
i.io0
1
Manitoba & Eastern Mines
18% Julv
10%
9%
:
50
7% "
1
Maple
Jun
110% 110%
:,
Mines
Sep
Jun
18
10%
9%
18
_—
Mines, Ltd
Malartic
43
HOV2".
7
Sep
Jun
13% July
MacLeod-CocKshutt Gold Mines
Madsen
10%
J
Co..
Macassa
Jun
17
_•
22 %
16%
S '
7.80
Yellowknife Gold
Jun
43
__1
'
.
Jan
13 %c
—1
Class "B"
Lynx
8% July
18
Gold
Louviconrt
23 % July
16%
9"%
__
Feb
Aug
101
1
Groceterias
Loblaw
July
10
-
13%
12
—
Mines
Oro
Lexinden
2.00 May
65
Jun
Feb
470
27
600
17% Aug
;—
...
Leitch Gold Mines, Ltd——
31% July
Jan
22
2,780
Jan
38%
common.
&
Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd
Mar
18
—_—.100
—
Woollens
Lebel
1.92 Mar
12%c Jan
8%
18%
85
945
14C
Lapaska Mines
Laura Secord Candy............
Aug
9,500
171/4
Sep
15 Va
Mar
43
common..*
Mines
footnotes
50
23
25
B
Stores
Dominion
pfd
Feb
1.60 Mar
—*
class
Dominion
149%
Jun
8
Jun
101
1.83'.
zzn
Sons...
Lapa Cadillac ———.—
Lang
July
17
Jun
i
91%
37%
1
Ltd.—
Mines,
Jan
1.12
8%
Aug
35% Feb
35
v
34%
38
Gold Mines.
Lake Fortune
Jun
2.10
171/4
;
:
Mar
101
1
& Exploration-
Mining
Lake Dufault Mines Ltd.
70% May
Jan
61%
27%
*■
1
26
29%
/49c
•
19Va Aprs
4,712
:r
22
2.09
Apr
6oyB
13%'
35
—1
16
Jan
Jun
400
13%
*
.
1.03
f
—
——
of Woods Milling
60c
200
Apr
Jan
May
Apr
17 Vsc May
1.09 Apr
.Jan
-
-43c-
85
105
15%
7%
9%
1
Lake
60c
455
30
20
107
21%.'
15%
13%
1
Shore
100
148
34c
/
,
25
26
91%
17%'
21%
.15%
.
*
Lake
4.950
12%
175
27 V2 c
-1,335
26
4.30 Mar
•
3%c Jan
:j
7,950
32%
41c
13% May
v;
Jan
Mar
■
—1
Kirkland
Jun
17,000
28%
43c
30%
17%
Labatt (John)
Aug
88c
12
•
Magnesium
Malting
28%
25'
____I
30,200
3.05
25c
Sep
Apr
72c
Co
Kirkland
Sep
1.70
21%
12%
__
70c
65c
1,810
1.20
65c
10% Jan
17,500
—...
Kirkland Hudson
Mar
1.50
.,
1.48
•
common
Dominion
Dominion
12%
Ltd__—_—^-—._——•
Bank
Dominion
28%
1
Dominion
85c
1.70
14c 14%c
*
.
.—.....
Delnite Mines
10c 12 %c
x
Kelvinator
/Jun
7%
May
?
Aug
1.00 Jun
V
Apr
3.050
May
87c
!'■
Jan
20c
50,000
I
2.25 Apr
Jan
142
145%
•
*
77c
72,575
v
Apr
5.95
12% May
1.90
100
Conwest Exploration
450
49c
40c
1
————
Mines
Kayrand Mining
2.42 Feb
„
Jan
43c
.5
Smelting
1.20
43c
:
:.
Jan
Jan
Jun
65c
Apr
•••' 1.94 Aug
Mar
54V4C
43 VsC
1.15
•
41C
r
20c
x
Jun
1.05 Aug
15c
Apr
i.v
5%C Jan
8,300
750
Apr
Aug
May
Sep
60c
Jun
2.94
•
Bakeries
;
68c
8%
21c
Lamaque Gold Mines
Consolidated
Consolidated
27.764
70C
3.65
Mines
Consolidated.——
Joliet
2.95 Aug
33c
Gold
Mines
Jason
Jun
2.90
12%c Jan
gs/4
Z
28,300
1
25c
1
_
Apr
25%
1
11%
1.35
Jan
_
i
i.;
—
ADr
6 Va
Jun
Jan
Jan
1
„
Ltd
15c
I 9
21%
Jan
Mar
1.00
;
Lake
Conduits
Apr
Feb
12%
Mining.,-----1
19
4,300
24c
Jan
38c
.30%
Petroleum
Uranium
70c
18,500
'/Apr
6'A
1.750
V
5c
1.75«
35c
1.65
28
50
26,915
'
3c
34c
«■
380
32c
:
950
.
3.55
—100
3.100
1.90
17,400
11%
class A.—
——
International Nickel Co common
22
5.95
29,400
8c
3.60
——1
1.19
28c-
16c
13c
7,500
iZZ*:
32%
i.7g
12% July
26
1.15
4.75
Jan
17,800
*;
.6
preferred
8%
1.89
i.7g
8%
90%
Inspiration Mln & Devel.——:
6%
2.100
4.8O
785
'
20
5.605
29 %c
Feb
Apr
12
—_*
(John)
Inglish
740
1.50
1
Jun
14%
6% Aug
Jun
Jan
2.78*
l
—
Mines
30 %
54c
—_—;—100
Imperial Bank
1—i-—.10
Imperial:
Imperial Tobacco of Canada ordinary_5
Preferred
—4—£1
Apr
1.50
Chesterville Larder Lake Gold Mines__l
Citralam
Mar
Jan
83c
—,
9%
380
Mar
22 %c
80c
./45c
V
paid
49% May
15,975
Jun
6
10
8
Zll%
;
————L
Class B
8%
37c
23c
30%
Apr
26% May
14,300
7%
-
91/3
gy2
30c
Jan
Apr
4Va
8
10 %c
Mines—
19% May
53/4
Apr
45c
7%
67c
Sep
2.69
31 %c
;
Gas.-...
&
Jun
~~
1
...
:
Bay Mining & Smelting——*
Ltd class A.,.---———*:
460
7
175
'.35c
21
2.75
7
rW.
.
25%
1
*
29'A
7'/4C
,
1
14%
.1
Wines
'
1.70
1
Kerr-Addison Gold Mines
Chateau
Mar
11%
38c
.
Mines
74
13,800
50
IOV2C 11 %c
Yellowknife
72
27c
Sep
57
11c
335
.
80c
1
Apr
__1
Mines
Central Porcupine Mines
110
16 %c
41c
45c
——I
31
~~
New
Jun
23
7,000
30
5%
8
27%
,
12,000
Sep
1.36 May
10c
Apr
-
Jun
24 %c
4V2C Jan
28
7
22
_
1.15
*
'
.
——.
10
29%
90
Apr
44c
;
53% Mar
1
16c
16C
11%
Hasaga (Mines
Heath Gold Mines
Hedley Mascot, ^..7.
4%%
Canadian
Bridge
45%
*
;
35
97
87c
-
8
—1
Mines.—.
23% Aug
17% Feb
•
Jan
common
Hudson
Sep
20%
Jan
3o
10c
1
Howey
Sep
15%
Jan
83o
2,500
110
Carpet
Gold
Hunts
Sep
57
20
9c
3.200
7c
55%
1
Jun
*
eu.you
1.10
6VBC
13c
July
17
I8V2C 23 %c
7%c
July
Jan
July
8c
1
Hosco
Jun
Jan
5%
26c
5%
Ltd
Mines
Homestead Oil
Aug
14
6,600
54%
1
Homer
Mar
17%
•
35c
28
Home. Oil.:—
July
252
Jun
16c
Hoilinger Consolidated Gold Mines.
July
-----
ig
Sep
56%
Jan
7c
———
Heva Cadillac
July
Apr
•
9
*
Prod—.
B
Central
i7i/2;
15%
130
Feb
48%
50
Mar
4c
65c
109 Vz
Aug
16%
*
common
Canadian
Canadian
17
172
171/3
20'
common.
—
Celanese
Canadian
Class
35
Apr
.
•
:
—-
&
.
118
-15
15%
_•
common
preferred—.—
Conv
127.
56%
9%
341/3
*15% '
_
~
78
*
■;
,
Canners
Canadian
124
56%
9%
Jan
14c
2,850
3.000
:
28
Gold
Harricana
Aug
10
common
Commerce
'
£
2,127
-
'
.56%
i
9%
May
I————
Huron & Erie common
Canadian
Canadian
15 %
63
May
50c
10c
preferred
Hard Rock Gold Mines........*
.
230
73
14%
15^
.
100'
Mortgage..,
—
72
35
;
*
Permanent
Canada
Preferred
vt
—
Gold
Harding
6% Mar
112
Mar
35c
Jun
~
Apr
Aug
110
85c
Jan
77c
Halliwell
2.40 Aug
5"J Aug
20
Jan
26%c
8c
Halcrow Swayze Mines
Apr
30c
Sep
27c
21 %c
31.400
"
West Saddlery
Hamilton
.
474
110% 110%
«
——_—
Canada
.
g'
g
72
—
Packers
Jan
Apr
3,800
55c
109%
—1
_
Gypsum Lime & Alabastine
Feb
1.70
24c
'
'
Aug
20 %c Aug
Jan
3%c
16,500
Preferred
Gunnar
Jan
2.15
Common:
Great
Aug
13
Mar
19,000
,54%
9%C
_5o
,
Mines
Lakes
Great
Sep
Jan
*
common
—*
Bousquet
Grandoro
May
10c
1.70
9,400
g
—.100
—
Malting
Northern
24
Jan
Rubber
&
Jan
28c
Jan
77c
;
Sep
11%
6.50 Mar
3,896
32c
46c
19c
—1
—
105'A
17c
28c
—1
w;
Aug
Jun
Aug
■
Jan
10%
4,031
H0%
Cement'common———r
Class
26c
2.15
—_—.—50
Preferred
65c
Tire
Co
19 Va
9c
9c
1
Mining
Sep
Mar
26,400
32C
Mining
106%
21c!
20c
77c
.
1
Gate
103
101%
20
13% July
Apr
1.06
—1
Mines
■
Feb
25 %c 27 %c
50c
Arrow
Jun
3%c Jan
2,900
23c
1.95
,.100
Canada
Canada
1 82
23c
1
common
i
Canada
1 76
1 82
1
...:
B
Canada
6.50
Jun
18%
125
2.15
_
Lake
Bread
Class
Class
.
12%
2.15
8%c Jan
1,000
Mines Ltd
Eagle
Goodyear
Feb
78
Sep
Jan
5.00
...
Harker
——
Red
41/2C
12%
12%
95c
26,000
41/20
___*
Calgary & Edmonton
Campbell
61c
73 %c
Sep
59'Ac
4,800
—•
Bunker Hill
33c
55,050
1
Mines
Products
42c
59%c|. 59 %c
1
—.
Buffalo Ankerite Gold Mines
Buffalo
35c
7.15
29c
.
Broulan
6.90
25 %c
Jun
4%
105
1
■:
2 % May
105
Feb
9.25
May ':
15
—1
Graham
37% Aug
220
215
18%
•;=^'i5c
Goodfish
Jun
23%
106% 106%
Sep
77c
May
97
16C
Lake
10%
60
26 'A
Sep
102
18%
Apr
67/s July
Jun
July
4.50
75
18%
15c
30
Feb
52c
20
1
Gold
Golden Manitou Mines
Jun
25%
6,845
12
Jun
Jan
21
5,250
Sep
Jun
78
3% May
24%
100
e*c
4.9S
%
Golden
28% Aug
23
23
.*
100
11,079
36
__
...»
gs/4
216%
&7c
4.50
20c
Golden
27 Vs
24%
24%
*
A
.
Sep
14%
9%
26%
•
Packers.
i
47c
1.805
.
20%
7.00
Gold
Jun
25%
__
Light & Pwr com..•
Columbia
3,000
67c
572
1
Goldhawk
Apr
Jun
15,200
47c
•
British Columbia Power class
45c
35c
38c
*
common
15%c Jan
6,474
Jan
370
102 % 102%'
!ioo
Goldale Mine
Mar
28c
5VaC
16,200
5
*
common.
Goldcrest
Sep
32c
Apr
1
God's
Jun
Jan
12c
65
12
Lake-Forcupine Gold—
Glenora
Feb
May
12%
Mar
10
25
11,200
27c
1
—
Lta
Cordage
121/2
ibc 19 %c
121/2
__
1.46
55c
225
Giant Yellowknife Gold Mines.
July
1.30
655
73
Gillies
Apr
172
Jan
General Steel Wares
July
30
Jan
90c
i
Mines
_
172
169
1
Brazilian Traction
B
Feb
4%
11c
.100
Jun
5'A
29%
.100
-i,-.——
6.25 May
Jun
>
3
8c
I
...
...
Jan
4.30
44%
4.50
common
Jan
31
5bc
preferred
Apr
28
July
26%
preferred
2.23
July
27% Mar
29
Exploration
Apr
Jan
16c
10
4%
Co
Sep
Jun
1.20
35
/
29
Preferred
40%
Feb
22%
1.00
—
American
29%
172
Boycon Pershing Gold Mines
Brantford
110
170
1.05
Gold
Mines.
39
30
5%
5% %
1.90 May
Sep
29
1
Bpnville Gold Mines——
Class
1.41
100
—
Bobjo Mines Ltd
British
43,117
Feb
IOC
30
39%
Apr
70
—„
Gatineau Power
Sep
•; 2.35
39
...
Kirkland
Biltmore Hats
bidgood
British
1.56
1.41
19
Jun
1.22
_
Bell Telephone of Canada
-Jraiorne
80,600
30
Berens River Mines
Bonetal
255
1.65
1.45
B
Bevcourt
19
1.40
1
Apr
Jan
4 %
70
A
6.75 May
445
44
4% I:".
class
Mar
23
1,660
30
42 V2
Gold
Frobisher
24 %c Mar
Jan
14
18
1.65
&
Beatty Bros class A
15c
19
Radium
Beattie Gold Mines Ltd———
.
15c
15C
class
Power
Exploration
30
42%
245
•
Mining......
Canada
Foundation
Aug
Bathurst
5.25
30
common
Aircraft
Co
Francoeur
of
Base Metals -
5.05
"5.15
1
Shops—
3.05 May
53c
100
;
Apr
Jan
14
266,425
24
ZZZ60
Pord
High
Bank
Scotia
88c
24
•
Fleet
Range Since January 1
High
71c
—_
Cnndv
Grain
Preferred
Sale Price
74c
•
Aug
21c
35%
30
30
47c
Sep
38c
19,200
A
Fiayers
Pnrmer
Federal
STOCKS—
39
95c
Falconbridge Nickel
Cable Address:—"Dohroadco" Toronto
Telephone:—Waverley 7411
class
39
86c
1
Mines
Electric
26
86c
...25
...
High
July
40c
10,505
1
Gold
English
2.26
2.79
Gold
Eldona
9%c
-_1
s
Economic Investors
DOHERTY ROADHOUSE & CO.
6.100
19,000
2.90
Eastern Steel
Elder
Low
41c
40c
-1
Mines
Range Since January 1
High
9V2C 10%C
10c
East Malartic Mines
East
Week's
Last
Sale Price
STOCKS—
8% Mar
22
Mar
16%
22
15%c
1.39
Sep
Feb
Jun
Apr
Sep
36c
Sep
137/s
Jun
29
July
THE COMMERCIAL
J314
Monday, September 17, 1945
& FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
RANGE
■'
'
<L)
Co
for Week
P(lr
of Prices
Low
•
18
—*
Shares
18
10%
10%
10%
6 'to
100
109
109
109
10
Mclntyre Porcupine Mines
—5
McKenzie Red Lake Mines———1
64%
64%
64%
635
1.51
1.50
1.63
12.130
McColl Frontenac Oil
s
Preferred
.
1
9c
5c
10c
107,050
Gold———1
V31C
30C
35c
42,160
McLellan Gold Mines.
McMarmac
Red
Lake
Gold Mines--—-.--———*
25 %e
25 %c
Mercury Mills -i———i-————*
& Gas——*
15%
15%
McWatters
Mid-Continental Oil
Mining Corp
6.35
.1
-
20c
Moneta
1
Montreal
Moore
Light
Corp
& Power.:
Heat
16
730
16c
6.15
18,700
6.35
13.364
20c
20c
100
23%
15
68C
72c
12,990
69c
—•
22%
•
62
common.—
Class A—'-—
2,700
23%
♦
Porcupine
27c
15c
15c
•
Oils
Model
Modern Containers common
8ales
Range
for Week
of Prices
Shares
22%
23%
3,175
62
63%
340
250
250
10
..—100
18
Aug
>
20
July
Jan
12
Feb
Traders
May
109
Sep
59%
Jan
1.35 Mar
67% Mar
10c
Jan
16c
Jan
22%c Jan
Sep
42c
39c
-
Aug
May
12%
Jan
16
14c
Aug
33c:: Apr
1.99
Jan
Jan
17c
Mar
630
Jan
20% Mar
57
Jan
225% Mar
Twin
United
6.90 May
Jun
25c
26%
Jun
1.55
11%
8%
Jan
42%
Feb
14 V2
Jun
9% Jun
7% May
130
36c
61c
May
24%
Apr
65%
Jun
256
July
II50
"A"—
42%
—
Steel
30
30
16% May
22
44
90
40
46'/a Mar
1,000
6%
6
6%
1.91
1.98
11%
12%
July
July
8c
Mosher Long Lac
-..1
25c
25c
27c
3,400
20c
Jan
30c
2.630
common————*
14
14
14%
530
12
Feb
15
Aug
390
28
July
30
1
12 %c
12c
13c
6%
63c
60c
65c
Jan
Preferred
National
20
16% Mar
11%
Sep
32c
Sep
Aug
28
50
22% Feb
29
Aug
West
20%
21%
1,417
17% Mar
22
Jun
Westons
I
Steel Car
1.60
1.60
1.70
21,450
15c
*
A
Negus Mines
New
19c
28
21
25c
Sewer class
National
—
10 %c
Feb
Jan
7.26
1.85
36c
35c
45c
31c
31c
2,000
30c
Sep
Sep
75c
34c
37C
36,700
29c
Jun
64c
2.65
2.85
300
Calumet
1
Nipisslng Mines
Noranda Mines
5
V::;.
—--
Oil
35c
35c
Apr
Aug
May
3.00 Mar
59% Jun
Wood
1.65 May
Wool
55
55%
950
93c
10,100
80c
July
8c
100
7c
Jan
20c
Apr
8c
8c
Norgojd Mines Ltd
1
lie
12c
3,500
6%c Jan
20c
•
70c
65c
70c
2,949
64c
Feb
89c
Apr
•
15 %c
14c
17c
114,100
26c
Apr
•
1.15
1.15
1.25
10,800
2.00
1.36
1.35
1.40
13,600
82c
85c
23%
—
101%
W
Mining
Northland
Corp Ltd
Mines
„
Canada
Northern
Mines
Northern Empire Mines
Oil com
1
2.00
100
*
6
6
<1.750
Preferred '—-A———5
6%
6%
100
3.10
North: Star
(
.
-
12%c Jan
1.05
Sep
2.00 Sep
Gold
Mines
Feb
24%
Sep
155
99
Feb
18c
2,767
188
100
pfd—.100
112
112
112
5
Combing
24
17%
Mines
17%'
4.30
4.40
40c
41c
—
Ymir Yankee Girl
13 %c
14
Jun
95
Julv
100
Jun
112
Jan
16
Apr
18
July
10,800
17c
4.40
3.30
5.00
Jan
Jun
Jun
65c
May
3%c Jan
25c
Feb
32%
35% May
35c
3,015
17c.
Apr
Apr
Jan
6
68%
2,005
40c
5
•
—
——
41c
Jan
8c
60,300
12
88
85
101% Feb
1.63 Mar
2.60
5
Jan
7%
Apr
Feb
5%
Jan
6%
Bonds—-
Sep
1
Ontario Loan
Grenada
Pacific Oil
Page
&
34c
Jan
34%
34%
Uchi 6s
$1,000
Apr
Ltd
Gold
7%
7%
200
8c
12,500
50c
8,500
July
18c
Aug
67 %c
80c
80c
1,000
26 %c Aug
27
28
631
26% Aug
1.63
1.62
1.70
7,100
35c
35c
40c
22,200
27c
29C
7,500
1
9%C
7c
10c
130,700
—1
73c
73c
80c
43,900
—
*
Gold
Mines
60
40
6%
7%
3,195
1
Mines
60
•
1.45
1.50
1.800
42c
46c
29,700
1
Mines
43c
1.19
Jan
80c
Sep
29
Jun
2.12 Jun
STOCKS—
—"
Preferred
Brown
Co
Jun
64c
16c
May
July
Canadian
Western
Jan
88c
Jun
60% Jun
5% May
1.06
Jan
Sfcp
42c
7%
Sep
1.75
Apr
46c
Sep
Jun
Dalhousie
2.40 Jan
4.45
7.10 July
deHavilland
1.01 Apr
Donnacona
Oil
77c
70c
78c
9,000
70c
Jun
1
33c
30 %c
35c
38,000
25c
Mar
21%
22
790
i
1.30
1.35
2.300
08c
Jan
1.05
1.15
1,365
81c
Jan
10
10%
190
7
Apr
certificates
...
East
Dome
I
*
Prospectors Airways
Purdy Mica Mines
•
—
1
'
15
900
11%
Apr
15
Sep
Pend
Sep
Jan
Smith
3,400
36c
Mar
15c
Feb
40c
7%
35
45%
46
375
90c
90C
90c
200
6%
41
May
Mar
45c
Jan
Queenston Gold Mines
1
90c
850
90c
2,840
80c
July
•
9.60
8.85
9.60
11,236
18o
Jan
36c
Regcourt Gold Mines.
1
Reno Gold
Robertson
class
(P L)
A
8% Jun
Jun
46
common.————*
Minnesota
Oil
Preferred
1.39
69,400
100
35c
Aug
4'Ac Jan
70c
6c
10c
60
30
Jan
35
Mar
'40
325
34
44%
44%
150
44 y«
Sep
1
Rouyn Merger Gold Mines
l
1
15c
2,000
ll%c
42c 44j/2C
24,200
42c
44c
Royal Bank
10
•
Russell Industries common
——
37%
1
50o
6,500
45
Jan
28c
44 %c
65c
18%
15
Jan
19
May
37%
37%
250
28%
32c
32c
500
30c
—
Feb
Aug
Class
Corp common.————.*
pfd '
50
A
San Antonio Gold Mines Ltd
:
26
27
5.00
5.10
1
Mining
5.05
Creek
Gold
Mines
11,300
1.05
312,350
18%
55
1
1.40
1.43
700
70c
74c
48,244
70c
common
30
"Voting trust ctfs !
Sigma
B
29
Mines
__i
Simpsons Ltd
A
37%
Sep
41c
Aug
Slscoe
30.
29
60
7:7;,15 >
18% May
4.05
Jan
29%
5.15
Jun
Stop & Shop J
18c
Apr
Feb
1.06
Jan
63c
July
29%
Sep
Sep
29
20
Jun
1.50 Aug
82c
30
29
Mar
Sep
Sep
13%
589
12
19
19%
14%
200
15%
262
loo
100
99%
100
235
99
Apr
i
75c
72c
75c
10,365
58c
Jan
—1
48C
48c
52c
6,000
48c
Sep
64.C
Feb
24
25
50
23
Jan
25
Mines
8%C
9%c
Slater (N)
20
Peti^enm-:i^„^^;^.VtI:Lr;r»::
26,000
101
90c
10c
•
16%
15%
16%
505
Springer
Sturgeon
•
1.40
1.35
1.46
5.700
•
11%
11%
12
1,055
7
Apr
12
99%
160
99
Sep
99%
Chemical
»
99%
99
•
15%
15%
200
14
standard
•
8
8%
50
7
Stedman
bteel
Co
Radio
Brothers
of
•
Preferred
Steep Rock Iron Mines
—
Bell
Bralorne
Trac
British
Columbia
Corp
Class B
July
Cement
Canada
Aug
Canada
Northern
Canada
Aug
5%
Power Corp
Preferred
9c
9C
4.000
,4%c
Jan
15c
2.90
2.90
3.20
10,768
1.50
Jan
4.05
3.20
3.35
2,185
2.50
Jan
3.45 July
20
19%
20
485
5.00
4.95
5.10
8.262
3.50
1.25
600
60c
2,300
20
60
l
see
1.80
1.80
1.90
1.650
•
common
Mortgage
footnotes
1.25
20
34
33%
34
175
107
107
25
100
page
1316.
51c
10
Sep
Jan
Mar
20
5.65
1.40
88c
May
common
III60
Converters
Canadian
Cottons
—————
*
—
Ind Alcohol
Jan
—.
Canadian Pacific Railway
3.05
36% May
Apr
Mar
Class
—25
13
55
:
15
28 y
1,760
19%
10,410
171
:
169
:
25
20
14%
161
Apr
Mar
17
27
18%
12,920
100
22%
210
21
Jan
1.855
2
May
895
11
Jan
750
18% Jan
3%,
3'A
3%
15 y4
15
15%
23
23 70
24
—
20%
20%
2,850
15
14%
15%
3.265
'•
45
%
19%
54%
1,602
>
202
15,007
24
Jan
7%
Jan
11% Jan
40
16
Jan
8'/a
Jan
Jan
Apr
12
Feb
Jan
Apr
10% July
.
.
17% Jun
46% Feb
19% Sep
Sep
57
57
626
44%
40
115
38% May
13
13
13%
2,035
10
31
30%
31
845
28
Apr
32
"I'A.v--'«.«» 'Z'f.t-
57 y4"
57%
105
46
Jan
59
mill
"
-f
39
mm -
147
147
25
51
mmmm'.'Z:]
51
64
139%
46
Mar
Sep
May
27/
27
27%
295
26%
28%
28%
28%
120
26% Jun
9%
250
9
200
Jan
6% Apr
6y8
Apr
15% Mar
May
15% Sep
126
July
:
56%
8%
41% Jun
14% Jun
172
51
27%
28%
Jun
Jun
July
Sep
Sep
Sep
10% Jun
9'A Jun
35
Jun
207/a Jun
31%
32%
185
17%
17 y4
17%
3,814
11%
Feb
14 Vt
14
14 y4
150
12'/a
Apr
15
49
Glass
Jun
Co
67%
68
740
Jan
70y2 Aug
*
Consolidated Mining & Smelting
Cork & Seal
10
18%
9%
*
15
45
19%
I-:;
III25
70
.325
16
Jan
9% Jan
119% Feb
1,000
15 y2
15%
17
9%
,
.9%
Z
m.*.
15%
11%
15
■.
11 7
.
47
124 % 124 %
'«*»—
172
Feb
Apr
22% Feb
22 Vz
22%.
19% Sep
July
17% Mar
27% Jutt
18% July
26% July
4'A July
16% Aug
24
Aug
Jan
15%
25%
18 V*
26%
'
54% July
18%'
.
common
Locomotive
Consumers
Jan
25
27 y»
27%
B
Cockshutt Plow
Crown
100
common
Preferred
Jan
Feb
110
*
7%
Canadian
,
AH*
I"25
Canadian
Jan
100 %
mm
:
Canadian
25 % May
94%
60
'
preferred
Preferred
Jan
193
,
17%
1
Jan
127% Jun
107
Aug
20
July
55 % Jun
28
Sep
19
Jan
16%
106
170
common
July
May
28%
Jan
11
Apr
90c
100
Apr
Range Since January
Low
High
14%
120% 121%
"19
—•
—
Bronze
Canadian Celanese
Jun
t
Toburn Gold
Toronto Elevators
37c
New
High
55
:
•
Canadian Breweries common
Aug
3.35 Jun
Shares
106
.
16% July
8% Sep
3.35
53c
Sep
19c
for Week
501
—50
preferred
Sep
1
1.25 :
Sep
46
7%c Jan
17%
III*'
Canadian Car & Foundry common.
53c
Feb
Sales
7
Range
of Prices
15%"
_*
Steamship common
Aug
•
2.50
Feb
41
1.2Q*May
Funds
15
Aug
•
1,000
Week'*
,_I*
78
Thompson-Lund Mark Gold Mines
13c
,
55c
106
lioo
Feb
Jan
10
12c
Iron Foundries common—
Preferred
Sep
10% Apr
220
45
120%
—
Preferred
1.84
Feb
2%
Low
*
common
16%
2.30 Sep
2%
12c
1—5
80
20c
23%;
23%
45
•
46
Tip Top Tailors
Sep
-
2%
*
*
1
•
Apr
_5
.
23%
*
Mar
common
Canadian
23%/Sep
—
72
4,800
Jun
50
•
A
May
1
.
Tecg-Hughes Gold Mines
For
Pr
67
56.900
2.40
——
34
35C
1.30 Jan
*
Power
Note
15
1
Sylvanlte Gold Mines
^Toronto
&
Bank
80
2.68
350
17
Light
American
110
32c
,2.00
Mines
Brazilian
British
77
2.30
2.00
lioo
Telephone
80
2.53
9%c Feb
Feb
2.00
*
Bathurst Power & Paper class A—
43%
•
Feb
24c
23,400
III*
77
1
Sudbury Contact
Sullivan Cons Mines
(G)
—
Jan
Jan
3%c
76c
Electric Corp—
Associated Tel & Teleg class A—. —~*
Amalgamated
80
42
L500
14%
*
Canadian
.
14% July
4%C.
•
Jun
May
May
2,335
11% July
66c
pfd. I100
5%
of Canada
•
common
Sturgeon River Gold
Tamblyn
Co
25
Canada
Preferred
Texas
common.—
Ltd
Aluminium
Building Products class A
Bulolo Gold Dredging
Co
Preferred
•.
13%
Algoma Steel
Biuck Silk Mills
Standard Paving preferred
Sep
*
15% Aug
Southam
Standard
34%
Par
19% Aug
1.25
Jan
Last •*
16% May
15
22
Sale Price
Feb
Jan
125
4%c
STOCKS—
July
-
Aug
34 %••
1.58 Feb
72c
———
-—
10% Jan
3c
20:
Friday
Canada
feouth End
Feb
Canadian
Sep
9%C
Mines
15%
—
Mar
1.45
16%
355
Montreal Stock Exchange
Sep
5%c Jan
31c
Jan
18%
13%
i_——
Supertest Petroleum ordinary—
Temiskaming Mining —
t
13
new
Malartic
Jan
Jun
14%
•
Gold
Sladen
25/e
4
14%
•
new
new
Preferred
4.442
lie
90c
93c
50o
Gold
Sick's Breweries
850
18
1
•
Shprrltt-Gordon
500
9c
Senator Rouyn, Ltd
Shawinlgan
Sheep
4
18
;
Apr
1.28 Jan
-1
22% Mar
'
1
Sand River Gold
3%
10
700
34
5
—
(Howard)
Aluminum
Lawrence
29
40
1.40
'l5
Jun
100
245
12%
4%c
Oreille
Apr
310
37% Jun
12% Sep
35%,
18
Sep
18%
Feb
35
i
Apr
Sep
49%
Sep
Jant
Jun
1.40
J*1
Sep
18
17
40c
25
Jan
2% Mar
100
15
-1
Sep
36j/2c Jan
28c
1,300
33c.
Sep
10% Jun
July
Jun
44%
19%
—
10
Mining
47c
47C
Royalite Oil
Ryanor
15c
■
—
_
July
39%
•
Ontario Paper—,
&
May
33
40
11
17.
Feb
51C
44%
' ————
50
57
Jan
12
Selections
-
Roche Long Lao
Rochette Gold Mines
8
10% May
6c
6c
*
7,186
10%,
'
2
1.15 Mar
33
1
Riverside Silk
Apr
Mar
70c
500
> 2.25 May
50% Mar
1.40
————
—
Osisko Lake
Quemont
Mining
1.98
16
Jan
1.65 Aug
45
May
35%
•
International Paper common—
3.45 May
7%
45%
...
Jan
13% Aug
2,275
12,000
9%
~_m
Hayes Steel
Jan
—
Jun
57
4%.
>'.24
Jun
2.45
26c
75
Jan
1.95
15
1.65 May
12%
110
59c
75
45%
555
*
15.505
26c
July
4.15 July
2.25 July
26% July.
4% May
3%
10%
————
Foothills Oil & Gas
1.55
70c
160
75
33c
Jun
2.73
120
Apr
25
"
.
2.00 May
15%
68c
Preferred
Quebec Gold
1.15
22
2.56
1
common..;
18% Mar
13%
2.60
4%.
17 7
Paper—;
1.55
I
—
—
Purity Flour Mills
May
14%
1
—
Mines
Proprietary Mines
•
—
Premier Gold Mining Co
Pressed Metals
Preston
45c
„v
•
—..1
—
Sep
130
6,93.9
1.90
4%
-2
Aircraft-
Bridge
Dominion
——*1
Gold
60
56%
III
.Lumber.;.
Westinghouse
—
Consolidated Paper —...»
Consolidated Press class A—
Canadian
4.35 Jan
trust
25
Marconi
Canadian
37c
58,:
6.542
Corporation
25
— ».—
4,755
Voting
3%
May
10
150
69%
Cattada & Dominion Sugar-
Preferred
4.30
Co—.—
.
High
Low
34
Apr
6.90
Power
3%
74%
Range Since January 1
630
60
150
1
.
44c
4.20
River
57%
—100
common
Jan
8c
6.25
Rouyn
58
150
.——100
——
24 %c Aug
5c
Feb
4.25
Powell
Shares
High
Low?
'
6.70
Powell
of Prices
Sale Price
British Columbia Pulp & Paper com—*
1
Porcupine Reef Gold Mines
Sales
for Week
Par
Pioneer Gold Mines of B C——I
Porcuplns Peninsular
Banga
Apr
80c
28C
<
Week's
Last
Feb
44c
'
Friday
8% July
Jan
Sep
48c
1
Canadian Fonda
Jun
5
48c
—1
1.20
7c
28
Securities
Gold
60c
•
common
Porcupine
Pickle-Crow
Mar
41,000
Exchange-Curb Section
Sep
11
7%c
Gold Mines
Toronto Stock
Apr
111
1
.
68c
Jan
Jan
8c
—
Apr
9
72c
—
Apr
Mar
107
65C
Ltd
3.90
58c
39c
5
•
Paymaster Cons Mines Ltd
Credit
Apr
50
67c
(new)
Malartic
Picadilly
9,460
2.26 Mar
in
10%
ia
...
Paramaque Mines
Perron
40c 40 %C
40c
10%
Refining
Pandora Cadillac
Penmans
20,400
Jan
♦
Porcupine Mines
Peoples
32c
22c
—•
Hersey
Partanen
38c
Mines———-1.
Petroleum
Pamour
1.000
*
Oils
Pacific
41c
34c
1
Ottawa Car
Pacalta
11.195
41C
32c
50
preferred
Gold
3.35
41c
•
_.
Crush
Orange
3.25
•
Oils
O'Leary Malartic Mines
Omega Gold Mines
*.
1.63
Jan
.;
O'Brien
Okalta
St
Aug
18
85
Wright Hargreaves Mines
Yellorex
16c
Sep
79c
11%
11%-
Jan
4,900
24%^
101 101%,
17c
1.20
Apr
22»/a May
1.77 Mar
2.550
22
——1
.—•
Apr
Normetal
Apr
•
(Alexander & James)
5.10
81'A
Mar
21
Preferred
Jan
86c
69
322
common—
Wlltsey-Coghlan Mines —
Winnipeg Electric common
Feb
2,35
50
87c
1
—1
;r——;
21,660
1.245
22%
1
—1
Malartic
Ltd
2.248
81%
3.65
•
4%% preferred
Feb
55
Norbenite Malartic Mines
Nordon
1,000
35C
Bldlamaque
Yellowknife
Nib
15c
<fc
Wasa Lake Gold Mines
„•
Petroleum—
National
New
30
29
3.70
80
21%
Ltd—
Worts com
Mines,
Apr
1.05 May
3.40 Aug
3.60
80
21%
Waite-Amulet
Walker-Gooderham
Jan
Sep
60c
5,400
—
Mines
Jun
11%
73,300
—1
Oils
Vermllata
Jun
July
2.59
Mar
National Grocers
Ventures, Ltd.
July.
14c
37/8 Apr
1.85 Mar
7.600
11%
27%
8.170
1.93
Upper Canada Mines Ltd.
Vicour
Jun
Jan
11 %c 11 %c
A
Feb
1.10
Apr
May
3.15
Jan
11
27,213
29%
19%
108
Sep
1.35
4.480
42c
19
Oils
United
9%
40C
29 %
High
48c
Jan
100
14
42C
Z'
24 %c
33.750
B
United Fuel class
United
1.35
8%
IL. $i
Mining
Corp class
Class
Aug
5
11%
•
Union Gas Co
Union
106
•
City Rapid Transit common
1.85 May
4%c
20
106
Transcontinental Resources
8-%
105
1.800
106
1.55
preferred
Finance
Low
29c 29 %c
Exploration
Towagmac
Range Slnee January 1
High
Low
Par
High
Low
15
STOCKS—
Range Since January 1
High
18
prefererd
Week's
Last
Sale Price
Sales
Range
Sale Price
STOCKS—
McBrine
Week's
Last
0
*
Friday
Friday
,
SEPTEMBER 14
WEEK ENDING
FOR
39%
40
120
33
Jan
40
*
45 %
45%
125
38
Jun
IIII5
67 %
Jun
45% Sep
iVolume 162
Number 4421
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
Friday
Week's
Sales.
Last
Ranee
Seagrams
Preferred
Dominion Bridge
;
Dominion Coal preferred
Dominion
Dairies
j
25
.
common
13 Ya
25
Ltd
-preferred-
—
Dryden Paper
9%
.3,00•
-
-
'
-
*
77
165
165
10%
10%
*
Corporation
Heating Prod
English Electric class A
&
Players
Foundation
Gatineau
Co.
of
Power
Corp
Jun
Jun
•
26
257a
26
12
123/4
100
Canadian
Jun
■
187a
100
10574
*
r
•
Bridge
Kollinger Gold Mines
Howard Smith
Preferred
_r_
Oil- Ltd
207a
Jan
26
10 3/4
Jan
145
Feb
200
-,m
•
7
15%
1372 May
24
Feb
Consolidated
Mar
21
Jan
5
110
Apr
112
Feb
307a Aug
35
Mar
111
1.485
13% Jan
16%
1,030
1274
133/4
Jan
Bronze
i-—*
28
104
25
Preferred-
Paper
-
_
international
Power
32
Davis
33
r,
217# ,22.
■36
36%
111% 1117a'
ii
*■
-313/4
Lake of the Woods
•
12
'
Milling
common
317a
33
Montreal
Cottons
24%
.
preferred.™
Telegraph -T-
Montreal
_100
Tramways
National Breweries
Preferred
Steel
Niagara
Wire
Ontario Steel
55
*
common
East Kootenay Power 7%
Fairchild
Fanny Farmer
Candy
Fleet
Sep
1087a July
Power
387a
Jan
/
24% Mar
16
Jan
Internat
153/4
Feb
1774 May
Flour
Lawrence
Paper
16
%
Mills
Williams of
Breweries
3%
26%
com
*
100
13s/a
Jan '
Press
*
132
2674
Feb
141
Jan
of Canada
Aug
1572
Sep
4
Feb
5%
Jan
472
Feb
572
Jan
Feb
5
5
20
5%
5%
100
100
Sep
4972
Jan
Jan
574
Jun
1572
Jan
143/4
Sep
Jan
1072
Jun
42
143/4
2.50
*
14%
1-
1074
10
-
10 y*
650
1372
874
12.638
28%
29
33/a
50
.1;
39
17
12% July
20
17
/ 30
Jan1
40.
75
•'
12
85
397a
20
Jan
303/4 July
2872 Aug
250
12
*
;
15
Feb
18
407a i,
July
39
190
357a
Jun
,
Jun
12%
2,561
>93/4
Feb
4374 May
'177* Mar
46
'
Jun
'
326
247i Mar
28%
25
153/4 May
53/a Jan
18%
50
2872
61
10
810
1072
910
7
2.750
32
101
100
146
101
1674
i.-———-}.
-
Oil
6%
pfd
pfd
100
100
22
Ltd common
1st
170
1074
1074
5
14
133/4
5
Paper Co
18
Mar
105
Noorduyn Aviation Ltd
-———*
Power Corp of Can 6% cum 1st pfd. 100
Part 2nd pfd
..———^50
Quebec Pulp & Paper 7% red pfd—100
Quebec Tel and Power Corp "A'
*
Feb
17
Jan
29
Jun
61
Jun
Reliance
150
Apr
Sarnla
2274
Sep
123/4
.272 Mar
37% Mar
103
Grain
V- SeP
Feb
27
May
.2
623/4
11%
623%
50
5772
Feb
657a
113/4
125
672
Jan
14,
13%
14
630
25
99
Jan
1067a
437s
5
35
Jan
467z
Feb
45
471
363A
Jan
50
Jun
77a
13
774
Jan
..
23
-
Thrift
1574 Feb
272 May
1774
672%
Stores
United
United Distillers
Jun
Jan
38
Jun
68
Jan
20
Jun
1.983
22
78
.
- "•
Mar
2272
25% Aug
Apr
32
25
9972 Mar
101
50
15
210
12
113/4
Jun
10%
260
Jun
July
167a
Sep
14
Jan
7672
1
Jun
3%
3,475
63
80%
Jan
11% Aug
7772 Aug
170
163, Mar
117j Jan
100
6 'A;
July
69
60
12%
80
8
5.890
165
627#
60
58
43%
43
43
V-
7%
3%
25
28
.10
—
s
22.
117a
Mar
50
100
Jan
100
12
193/4
2,495
'87
87
10
.27%
6%
63
Jun
July
120
8d3/4 Sep
1017a Sep
Jan
22
2674
Jan
147#
Jan
75
26
287a
••
287a
163/,
.10
19
-
.10
_
Amusement
1st
40
15
Apr
20
315
6
Jan
10
;jun
22c
Jan
30c
.
26
Junv
24 c
24c
25
class A_*
10,060
25c
30
30"*
22
22
8
6
*
——100
43/4
327*
Woods Manufacturing Co.—-——
*
10
Arno
Ltd
Mines
Astoria
33/4
8
*
—_————
Limited—.
Mines
19 %c
1
60c
Bouscadillac
—1
1
•
7c
/
21c
Gold
Mines
Gold
Cartier-Malartic
Ltd
64c
1.20
30c
35c
37c
40c
15c
16C
34c
39c
-
54,000
,
Mines
Ltd-—1
Central Cadillac Gold Mines Ltd.....l
Mines:—.....—!
Gold Mines
Centremaque
91
Feb
-27%
2872 Mar
29
Cournor
1
—1
Jun
East Sullivan
July
Sep
Eldona
Mines
23c
287aC
Apr
79c
Apr
Formaque Gold
8c
Jan
9,300
35c
Jun
60c
Jun
3,100
6c
Jan
27c
May
6c
Jan
18c
May
4c
Jan
54c
May
2.70
Sep
17% Jun
J-M
Apr
207i Aug
JoJiet-Quebec Mines
140
27
2972
May
1574 Jan
493/4
Jan
18% July
497# Jan
$12,000
493/4
Feb
Week's
Kerr
Addison
for Week
Par
Power & Paper
of Prices
Low
4%
47a
Lov)
43/4
6674
63%
663/4
168
168
169
,'
Acadia & Atlantic Sugar common_100
:
High ;
:
:
2% Mar
3.962
2,179
44
I'-t'■:*'* 10
144
Jan
17
574
Mar
.
173/4
Preferred
Power & Paper
American
Oil
British
Columbia
class B—
Packers
Co
1774
/ 18
1.470
99 74
9974
9974
65
/?:;• 4
Ltd
Paper Co com_
-
*
I
Company common
Preferred
.100
see
page
/
;
July
9974 Sep
345
3
Jan
820
23%
Jan
58
4
747a
4
36 3/4
•
3%
24%
•
Ltd
Jan*
45c
Mav
Sep
75c
26
Sep
42,800
26
100
4.55
4.15
4.70
28.175
77c
2574
36%
58
597a
490
4
47#
10,217
69%
75
433
'■
35
Jun
52c
Apr
200
77C,
20c
Mar
97c
Aug
28c
Sep
1.00'
1.00
500
30c
28c
29
Sep
Jun
7.00 May
2.21
Apr
1.75 May
Ltd
16,100
207<c Apr
7C
7c
2,500
37aC Jan
137ac May
77c
80c
7,100
73/4C Jan
1.50 May
U% Jan
..1
16
16
16
600
18c
16c
18c
13,000
4.60
4.60
21
7c
2.45
100
207/a
850
18
23.700
92c
2.05
8.900
2.13
35c
36c
3.30
2.900
35c
35c
40c
42C
42c
48c
16c
16c
—i.—-
43c
35c
1.300
;3.20
Cadallic Gold Mines Ltd. ___1
:
35c
Apr
5.15
Jan
247a May
92c
Sep
2.20 Aug
22,000
1.72
3.20
28c
2.25
Sep
Jan
10c
9,000
Feb
43 c
3.80
Aug
Apr
44c
Jun
21o
July
50c
Aug
1.513
6c
Jan
25c
Apr
40,700
15c
Jun
43c
Sep
1,000
34c
Jan
1.45
Apr
5,000
//
43c
,
Sep
2.05 Mar
92c
1.60
1
Jan
16
Jan
80c
1.66
2.10
......
Jan
Apr
1.55 July
83c
—I-l
Jan
647iC
July
46c
Yellowknife
Yellowknife
July
27,600
47c
;--
Goldfields
Mines
46c
33c
43c
..1
„1
Gold Mines Ltd......
Lingman Lake
Jun
663/4 Sep
Senator
170
.18
Sep
Sep
1007a July
Slscoe
..1
Rouyn
25
Mar
36% May
2.30
45
Jan
r Jan
x
472
Jun
25%
,
1.03
1.03
'
Mines
Standard
May
73c
75c
4,000
65c
Jan
74c
78c
11.567
60c
Mar
-I
50c
46c
50c
13.000
43c
Apr
1.00 May
„1
2.41
2.35
2.56
3,300
Sep
3.35 Mar
-1
3.00
2.95
3.25
20,930
-1
Gold Mines
Steep Rock Iron Mines Ltd
Sullivan Cons Mines Ltd
90c
75c
77c
5.00
5.00
5.00
100
3.60
Jan
5.50 May
500
1.30
Jan
1.40
3.10
Jan
..1
Ltd
1944 Ltd
—
Hughes Gold Mines Ltd..
„1
1.40
1.40
2.35
1.50 Jan
1.05
3.80
Apr
Apr
Sep
Jun
37
Mines
Gold
Stadacona
Teck
British
Jun
10c
58c
33c
"
•
_10Q
preferred '
,60c
X/ 500
2.95 Aug
Range Since January 1
High
-100
common—
preferred
8,500
270
75c
Rochette Gold Mines
Shares
45c
26
Red Crest Gold Mines Ltd
-
Sale Pricf»
200
58C
Co Ltd.. .1
Lake Shore Mines Ltd———— ..1
Quebec
Sales
Range
48,835
-1
Ltd
O'Brien Gold Mines Ltd.
Canadian Funds
Last
29c
2.70
43c
Kirkland Gold Rand. Ltd
Pandora
Friday
Apr
2.70
26
1
Consolidated Gold Mines Ltd..
Jan
4,535
2,500
lOclOVaC
51c
27c
41C
1
Mines Ltd—
1674
1874
Apr
41c
,
—1
Mines
1.80
32,900
70c
—1;
May
Jan
Feb
26c
28 3,4 c
•
.
July
Jan
*
Mines
Gold
•
19c
Jan
*
STOCKS—
July
75c
5
...
14
283/4
x
'■ .■*
3c
377ac Feb
2.500
—1
Dome Mines Ltd
Montreal Curb Market
v.-;
Feb
17c
7,380
2.200
1.20
Central 'Patricia- Gold
Nib
v'-
f
34
Jan
97tc July
11,000
59 %C
.1
Mines
Gold
Bonville
7c
7C
—-
Aumague Gold Mines Ltd
Beaufor Gold Mines Ltd
Macdonald
-
Sep
July
7
Jan
,i
29%
245
327*
Feb
4
10O
10c 10 %c
•
Mines...—™
Quebec
Aubelle
Ltd—
Copper Corp
Louvicourt
•
Apr
Jan
22
1774 May
8
25
43/4
Mining Stocks
Aldermac
Jun
,v.,
-
.
30
.*•«-.
357
493/4
July
16
pfd—
Ltd
Securities
422
.
Apr
874
Labrador Mining & Explor
Power Notes
73/4
8
——
Corp Ltd
193/8
18
18
Sep
16
of Canada Ltd
1674- 1672
19
287a
.10
—
14% Jyly
Jan
■
6%
Mar
70
Aug
14% Jun
.
Apr
213
101%'101%
27 72
Jun
Mar
_*
common
Southmount Invest Co Ltd
Sep
58% Jan
,16% Feb
16
.
Jun
5
-—-*
Ltd
Co
Bridge Co Ltd
Feb
1674
Apr
3372
1174
117s
147a
11% July
*..<23/4 Feb
Jun
113/4
6
July
11
9 7a Mar
37
Sep
67a Aug
5,555
Jun
11%
76%
—
107 74
;
'7-
Jun
Feb
474
12
*
167a Feb
*2174 July
*28% July
.
26
14
Jan
July
-
2972
993/4
—100
'i.
Jan
22
Jun
xX\5x
11%
Jan
993/4
21
Montreal
footnotes
/ 12
Jun
30
Jan
1067a 1067a
«
18%
183/4
100
107a
26
•
870
30
1272
Jun
36
335
30
—
227a
110
14%
5
Ontario
Heva Cadillac Mines
Pulp &
%
10
&
Ltd
1,900
25
767a
Sep
v
July
81
/
10774 10774
5%
9c,
600
21
Ltd
4
165
Sep
,13% AUg
23
Jun
Jan
24
285
14%
27%
5%, '
1074 { v
preferred
Goldora
T%
14
21
277*
Corporation
-
cumulative
213/4 Aug
,'X
Mt Royal Hotel Co
27
30
———————————
6%
195
21
*
Century Mining Corp Ltd——
preferred
*•
22
273/a
Moore
Jan
974
4.505
1674
33/4
26
1874
•
common
Bonds—
Aug
1
37
25
18%
63/4
507a
Feb
137a
Aug
'
Jun
Jun
1172
1874 Mar
49 74
200
Sep
97a
Jan
5
10
/■
•7:-/,-TO
1374
Jun
2
Jun
38
101
Jun
e
50%
22
Jun
8
Mar
77
6 '■r:
Jun
433/4
472 Mar
137*
Sep
July
7,
307a
Jan
50%
1374
-■'■■'
Jan
>^575/
Refrig & Storage Ltd com—*
597a
2772 Aug
577a Mar
«'
50
Preferred
Jan
22
'
Preferred
50
75
9%
Maple Leaf Milling Co Ltd common---*'/
Montreal
28
97a
Apr
<
4% July
•
43%
Jan
30c
3,591
25
343/4
2
433/4
/
395
Minnesota
Jan
75c
4274
27
Jun
Jan
75c
43
-•
••
Mar ;;
*
374 Mar
::
:
353 i
2974
18
Sep
'2
515
•:
29%
26%
Jan
22
Jan
5
2974
27
Jun
872
47a-
13
3574 July
25
•
26
99
4%
x
550
'%
MacLaren Power & Paper Co—
Apr
10
50
4
19
20
265
com—,
13
43%
2,105
25
■
13
3%
.43%
33/4
1
36
Melchers Distilleries
i
Inc
10%
McColl-Frontenac
60
—_*
com
Apr
12% Sep
Feb
127a
9%
Jan
535
*
preferred
Scotia
383/4
3374
Aug
3772
_•
——
preferred
39
12%
*
10%
42
6674
100
common
——
•
Sep
■V 1472 July
90
43A
1574
*
287a
75
•
common..
Corp—_—
(Geo)
*
'46
46
4%
15%
43/4
*'
May.
*
16
preferred
Winnipeg Electric
For
Jan
•
Apr
37%
Wilsils Ltd .J—-i———
Col
143/4
St. John Power & Paper——
Lowney Co Ltd—
37
65
,—100
Walker Gooderham & Worts
British
284
Jan
"
Wabasso Cotton
Frown
157a
-
-
22
Jan
150
10
Feb
Massey-Harris Co Ltd 5%
-
*
City Rapid Transit
Bathurst
15%
15%
674
115
Jun
1.035
107#
*
com
Power
Tuckett Tobacco
Abitibi
14
common
Sep
371/2
Chemicals
"
pfd
preferred
Apr
66
—
Canada
Standard
Monteral
125
Lake
Jun
ll7/a
29
Ltd
convertible
2472
37
_*
Canada
common—
Southern
.
Feb
117a May
445
Journal Publishing (Ottawa)
Labatt (John) Ltd
44
101
167a
*
preferred
Simpsons Ltd 4%%.pfd___
.
Feb
50
257
class A—*
Ltd
(Can)
42
73/4
1072
974
2,580
'
18
15
50
common
Shawinigari Water & Power
Nova
1172
11
*
110
553/4
287#
'
874 Mar
.
Paints
Foundation
6**fo
-
/ 18 3/4 Mar
2372 May
2274 May
75
21
3674
*
—-
Law-rence
Royal
Sep
14
*
20% Mar
45
24
101
,.*
—
St
Commerce
Jun
57
Mar
125
Companies
343
21'
213/4
100
-
.
50
14
•
Jun
35
'•
24
io%
36 %
*
_—
Corporation
preferred
Banks
July
2.25
125
*
31
11
<
61
*
—
St
x
July
73
1.80 Aug
10%
Ltd
Aircraft
12
4.045
•
417a
22
common
Lawrence
6%
8
Apr
46
105
125
5
Foreign Power Sec Corp Ltd
150
100
Transport
5%
Apr
472
460
>'.
Jun
Jan
107a
preferred_100
Shops
3
24
•
28
.
preferred
Preferred
;i:
77a
107
Ford Motor Co of Canada class A
24% Mar
United
•
7
;12
672
525
8,900
Ltd
Aircraft
Fraser
■620
:
2374
101
—•
*
:
Co
Corp of Canada
Zellers
■/ '-/■?
/,/'
57
Linoleum—
Jun
44
37
10%
*
■
&
Jun
330
140
73/4
Rwys
Price Bros & Co-Ltd
'
22%
18
Page-Hersey Tubes
L 1
140
2872
common
—
River
24%/,
55
?.
•
common
/
2472
45
-
21%
24
*
Products
Oilcloth
May
/ Feb
270
29
45
*
Aircraft—
Electric
Weston
10%
12
35
1.256
10%
41
*
—
Ottawa Light Heat & Power com—100
Preferred LxjJiUXi——
100
Steel
.10
56
•
113
320
.
1
1374
-
107a
41%
—25
x
Corp
Weaving
Ogilvie Flour Mills
Ottawa Gar
United
10
72
15
Co Ltd:..
357a
/
277a May
80
24
•
Noranda Mines Ltd
Twin
Jun
2.00
A
26%' Jan
1120
•••'
44'*
22%
.—100
common
Car
'
140
„40
—
—xx
National
Steel Co
1.25
—
108% Jan
350
283/4
Montreal Light Heat & Power Cons™*
Southam
Feb
100
preferred
10
17
13
10%
Montreal
Sherwin
Jun
40c
*
43
.18
17
*
Breweries
Sicks'
43/4
1,036
72
Donnacona Paper Co Ltda.———
'
——
(Robert) %
Molson's
A
class
397# May
-
Apr
21% Jan
/'••-165.1
' •r
28%
18.;
Massey-Harris-.
McColl-Frontenac Oil
Quebec
Jan
1.00
1.90
Paper Corp Ltd
B
Dominion
Sep
Jan
97%
25
32
28%
LaurA:-Secoid^andy-_J_-™^.4-.^IUii3f-
St
2
75c
Jun
Inv
i-5%
Jun
374
Feb
2
1.065
8.035
1.00
.
Aug
■21%: Jan/
3.716
1172 i 12 7 5
Lang & -Sons Ltd John A
Provincial
Mar
374
*
Advert
Sec
Dominion Malting
7% July
28
105
29% Jan,
3.072
5.160
•
*
Power
Jun
.
43/a %
Sep
Jan
'
120
.
3834
3572
1073/4 1073/4
Utilities—-
Jamaica JPublict Service Ltd common
•
37%
33
100
—„_
Preferred
Div
Leather
Class
Jun
Jan
101
325
217/a
•
common..
Preferred
International
Feb
243/4
50
s
'
377a
100
„_
774
150
28
104
>
35
15
common
.International Petroleum Co Ltd
Powell
15
168
'
International Nickel of Canada com—*
International
27%
100
preferred
7 7*
7%
,
International
Penmans
280
Jan
61
72
Dominion Engineering Works Ltd
2,092
1572
13%/-:
Jan
13
15572 Aug
: 395
:
'
Consolidated
11
212
x'"/
15
100
1
General
5
Aug
Sep
'
Commercial Alcohols Ltd common.—^*
Consolidated Bakeries of Canada Ltd.*
8% Jun
2,595
-
Neon
31
3
common™*
preferred
Claude
May
1.95
Celtic Knitting Co Ltd
Chateau-Gai Wines Ltd
12% July
100
24
5%
772 AUg
:
6% Feb
1.725
1274
13%
Sep
20
4
f;
'
Ltd
May
1
....
Products
107
43/a
1057» May
57a May
8% Jan
,
280
14%
Westinghouse Co..
Food
Sep
Jan
100
—-
preferred
Catelli
,57
100
325
158% 1587a
♦
common
Apr
11
;
'
Industrial Acceptance Corp com
Preferred •
Ottawa'
Ltd
-Cassidy's Limited
1053/4 July
197# Aug
102Jan
25
225
615
XV:
73/4?
15%
1017a May
1574 Apr
1.425
V
77»
12
■
103
'
317*- 32%
Imperial Tobacco of Canada common_5
Preferred
774
117a
111
1
Vickers
preferred
Canadian
133/4 July
97
280
280
14%
•
Canadian Marconi Company
1
Canadian Pwr & Paper Inv Ltd com—*
5% preferred
*'
7%
Sep
130
2374
24
——•
-
115
B
Mar
1274
—
100
—
30
774
'_*
Bay' Mining.™
Feb
'105 74 10574
■£.>;
5
:
Paper common
277*
class
Canadian Western Lumber:
Jan
310
774
•
Hamilton
2872
1057a 1057a
18 7a
18%
•'
——
*
„
1672 May
9 7» May
/
Ltd
56
31
Canadian Int'l Investm't Trust Com.-*
Jun
Sep
11
Industries
Jun
2672
•49
57*
104
30
High
Low
22% Mar
501
25
:
.
.' 104
104
Range Since January 1
High
243/4
.'.-■.-57
Pow
General Electric
—_50
Canadian Gen Investments Ltd-——*
7972
Sep
243/4
—*
Canadian
1027a 103
102 3/8
100
common
23
Low
•
Ltd
Jun
7%
*
-
(Charles)
Mitchell
North
Sugar
Co
Jun
165
Jan
Shares
Corp Ltd 7% pfd—100
Canadian Dredge & Dock Co Ltd—*
1872 July
111 Jun
Jan
67a
60
2474
28
Gypsum, Lime & Alabastine
Imperial,
Jan
Feb
123/4
175
28
Canada
Preferred
9
28
common
preferred
Hudson
Can
Dominion
12
8% May
215
1674
9
.__*
General Steel Wares common
Gurd
16
.
23
Canadian
preferred
57a%
10%
620
Malting
1874
Jan
161%
15
&
Canada
Canadian
1
Enamel
5Vo
72
396
-
167a
109 % Mar
25
78
165
Canada
Jun
1372
Jan
12 3/4
2.215
111
111
.'
14
135
Jun
36%
7% Mar
3,728
17%
78
—100
Electrolux
Famous
lOVa
Feb
for Week
of Prices
Par
1163/4 Mar
11% May
9% Jan
50
17%.
6472
Jan
Range
Sale Price
STOCKS—
//I' / High
Jan
29
575
>
17%
; iv/2
42%
114 /
50
647
f 13%
9%
Sales
Week's
Last
595
/
17%
Dominion Textile common™.
-
13
10
*
Preferred
Friday
\,Sf Lowf.'-
9%
Dominion Tar & Chemical common—*
•-
X
*
—
14
Range Since January 1
'High
61
; 613/4
115% 115%
34% 35
115 7a
»
:
•
Dominion Steel & Coal class B
Dominion Stores
61 y2
■
100
—
MARKETS
SEPTEMBER
-
Shares
Low-
•
common
WEEK
for Woek
of Prices
Par
Distillers
ENDING
FOR
;
t
Sale Price
STOCKS—
LISTED
RANGE
131?
Aug
59%
4.15
75
Sep
Wasa
Oil
Lake
Gold
Mines
...
Stocks
Jun
Homestead Oil & Gas Ltd.
3.60
Home Oil Co Ltd
Jun
1
3.60
10c
lie
220
13,500
474C Jan
4.25 Mar
18c
May
1316.
av
Monday; September 17, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
OVER-THE-COUNTER MARKETS
September 14
for Friday,
Quotations
Quotations on Real Estate Bonds
For
Specialists
Shaskan & Co.
in
OVER-THE-COUNTER SECURITIES
f
i
Firm Trading
.
Members New York
Markets
in
Place, New York 5, N. Y.
40 Exchange
ISSUES
ACTIVE
250
York Stock Exchange
Curb Exchange
Members New
DIgby 4-4950
Tel:
Bell Teletype NY 1-953
' :
120 Broadway. Now York
Ward
1928
Betabligfced
Wires
Direct
&
2-8700
Tele. NY 1-2173 & 1-1288
Co.
REctor
Phone:
Reorganization Rails
Members New York Security Dealers Association *
to BOSTON — HARTFORD — PHILADELPHIA
(When, as and if Issued)
Chic
Investing Companies
1
8.89
6.01
AAmerex
*<
American
•
American
4.58
17.04
<
Broad Street Invest
'
Ltd
Fund
Bullock
1
Canadian Inv
i.
3.75
4.35
31.94
34.35
12.40
National Security
U:.'
Agricultural
Automobile
5.57
6.16
American
7.87
8.75
Re-Insurance.
American
Reserve
15.44
—1
New
England Fund.
New
York Stocks Inc—
American
15.60
;
14.37
9.44
Bankers & Shippers
15.23
10.93
Connecticut General Life
10
14.63
Speculative
-
stock
-
16.08
Continental Casualty——
10.48
11.52
Crum & Forster Inc
10.72
—
equipment
6.64
Railroad
9.05
Railroad equipment.——
9.94
*
-
7.86
9.21
10.95
9.66
7.79
7.91
.
Firemen's
&
Petroleum
Putnam
Republic Invest Fund
4.21
6.07
Trading.—
(Geo)
20
16.06
17.27
1
3.97
4.36
Scudder, Stevens & Clark
Fund, Inc—
———•
6.80
5.94
Sovereign Investors
5.76
Standard
•
Utilities
-
106.03
1
!
6.91
7.56
—10c
—
1.69
1.84
Incorporated investors
—_B
Independence Trust Shares
•
28.95
31.11
2.59
2.91
14.99
58
Union
Bond
Series
5 Series
Aviation Group
Bank Group
shares
*
1.08
1.19
15.06
8.64
107%
33.59
—I
15.75
Banking
Corporations
25.14
16.11
AFlrst
Boston
Pow
Arkansas
ft
Lt
105
3%s__1974
100%
100 •%
1974
103
103%
2%s
1975
100%
101 %
1974
1965
1965
——*1953
107%
108 %
100
100%
103%
104
Cent
Vt
Steel
Pub
-1975
2%s
Serv
10
44
Erie RR 2s——
6
5%
3%s
99%
100%
1990
———
.2000
3%s
Page 1299
Houston
Lt
2%s
Pow
&
...1974
.
—Federal Land
y;;;'
Bid
"tpp
Ask
1,
Bid
Bank Bonds—
Other
1956-1946
U S Conversion 3?—
U S Conversion 3s
1946
100.24
1947
103.12
102
102%
1975
102%
102%
101%
102%
100&
Panama Canal 3s
1901
132 y8
133 7/a
Rates
Int. Rate
99.31
1
1946..
15.
1946_.
JMar 15 1947...
.,
tSept.
Bid
15, 1945..
JMar 15.
>-4Dec
For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of
3 ' • Maturity—
~>(<Dec.
15,
* %
100.2
Ask
100
Maturity—
;
Certificates
,
V/aS Oct.
100.21
t7/aS Dec. 1, 1945
tO.90s Jan.. 1, 1946
100.28
100.29
t7/8s Feb.
.0237
1947.
1%%
100.13
1%%
100.30
1,
1945
1946
t7/sS March 1,
t%s April 1,
100.14
1948.
100.31
t%s May 1,
?
1946
1946
1946
'
.0134
.0283
V
.
••».
*
.
re¬
,
'"4
-
,
120%
25
36
•
126
40%
37%
10
589
574
44
42
54%
52
76%
34%
>
79
"
37
;
'
t-
Bid
dak,
107
100%
3%s
—
South Carolina Pow 3s
Southern Pacific 3%s
.1975
95%
.1975
102%
Reading
Co
100%
99%
100%
Pub Serv 3%s. .1974
& Pacific Ry 3%s__. .1985
102%
103%
3%s
—
96%
100%
97%
100%
101%
100%
100%
102%
Service 2%s„_. .1975
Power & Light 2%s. .1975
Texas Elec
Texas
103
1986
.1996
Sou'western
Texas
..
96%
Preferred Stocks—
Co
103%
Par
$3.50
3%
41
104%
98%
100
100
(J J) 3%%_*_.
Reynolds' (R J) Tob 3.60.—100
Ruppert (Jacob) 4%
—-100
Sterling Drug 3%—_.—^1-—100
105 %
99%
103%
103
99
.99%
xlOO%
98%*
101%"
99%
quoted are tor discount at
Bills
purchase
October 25
.0333
.0339
.0239
b0.375
0.32%
November
b0.375
■
0.28%
b0.375
1945
1945
November
0.32%
November
1945
b0.375
0.32%
November
1945
b0.375
0.33%
December
b0.375
1945
December
0.33%
,
.0461
.0241
.0213
.0386
.0140
.0331
,,
.0381
.0464
Odd lot sales,
b Yield price,
c
Result of the merger,
Casting Co. with the W. B. Jarvis Co.
d Deferred
Stock Exchange,
r Canadian market,
s Cash
to
.0347
.0337
t7/8s June 1. 1946
109% July 1. 1946
t7/8s Aug 1, 1946
1946
a
.0340
.0312
.0248
.0307
18,
b0.375 0.33%
November 1, 1945—
1945.
Ask
Ask
1945..
15, 1945—
23, 1945—
29, 19456, 1945—
b0.375
0.34%
b0.375
0.35%
1945.
8,
13,
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
.0173
\
t7/as Sept. 1,
.
..
34 ^
Ask
.0251
100.12
1%%
1947.
100.3
100.20
15,
•
Bid
100.11
15.
•
of Indebtedness—
1,
11,
October
point
Dollar price 100 Pins
,
4,
October
1%%
tSept.
'
;
a
October
1%%
—
ISept.
'
20,
September 27,
i.l.r
53
49%
•
100
Newberry
Bid
September
■
73
70
12%
10
—10
Bid
103%
•
s
23%
106%
United Slates Treasury
103.16
100Jff
103%
■
6%
30%
21%
.1975
Treasury bills-
.%-!
5%
27%
.1974
Elec 3s
100%
102%
100.26
101.25
2Feb.
■4>t
—2
Issues
100.26
101.22
1955-1953
37%
Ask
100.24
1,
14%
35
Portland Gen Elec 3'/aS
Hecht
Mountain States Power 3s__1975
3s
May 1, 1956-1946
I'/jS Oct 1, 1950-1948...
61%
89%
12%
Guaranty Co—2
U S Fire.™——.——4
U S Guarantee
10
Westchester Fire—-—
2.50
Colgate-Palm-Peet
Grant (W T) 3%
97%
99%
f
3s Jan.
105
57'A
85%
100
—
104%
96%
104
& Gulf Ry 3%s_1980
Monongahela Power 3s._
Of Governmental Agencies
'■
91
98%
25
—10
10
5
-10
O S Fidelity
98
97%
Kings County Lighting 3.%s_1975
Laclede Gas Lt 3%s
.—1965
:'v: ''-y,
—
Northern Ry—
Kans Okla
(r
6%
87 %
45%
Great
FOR NEW YORK CITY BANKS & TRUST COS.—See
105%
Birmingham Electric 3s_
Bethlehem
20.08
Light & Power 3s
(Continental Baking 3s
Eastern Gas & Fuel 3%s
Corp.
SprlngHeld Fire & Marine
Standard Accident
Tfftvplprn
Narragansett
Bonds-—
20%
19.14
—1
Haven
Ask
Bid
-~
ABlalr & • Co
24%
6 "
Security Issues
9.45
23.00
& Pwr Shares A
Investment
16.50
30.91
Investors Fund O
10
30%
112%
Recent
9.51
1.07
America—10
of
-
Fire.
Conn
96c
shares
Co
32 %
28%
22.65
8.76
Wellington Fund———1
Stock and Bond Group shares.
'Investment
30%
.10
24.80
20.72
-
Union Preferred Stock Fund
Ltd—
Insurance Group shares
f
15
—6
-
—-
1.03
24.05
A
series
Union Common Stock Fund B—
U S El Lt
Securities
Institutional
Fund
C
92c
v
-B—i—.*———**■:
107/a
27%
91
15%
22%
'
16.43
Foundation Fund Ine
52
9%
25%
87
Marine.^
Seaboard Surety
Security New
48%-
5
48%
14%
74c
55
State Street Investment Corp..,
Trusteed Industry Shares—25o
—10o
67c
Revere
St Paul Fire <fc
19%
30
45%
10
Fire
(Paul!
14'A
23%
58'A
13%
27%,
—10
(NY)
Corp
(Texas)—
Republic
21%
—6
preferred
Hartford
100%
54%
—10
Marine
American
Hanover
Preferred Accident
5
Rutgers Fire com—15
Great
14.01
66c
——*
&
—
5
5
-
Globe & Republic—
Globe &
108,17
12.85
6.70
Income
Fire
2nd
2%
Selected Amer Shares
54C
Holding Corp———*—1
vp Common
Newark-.
Glens Falls Fire
15
1
Fund
6.09
shares
Utility
of
Fire.
Gibraltar
7.00
5.23
.
A Huron.
Reinsurance
General Reinsurance Corp__
5.40
Bteei shares—
x
61
96%
Franklin
6.18
"
--
58
10
*
shares
Tobacco shares
155%
10
3.21
9.18
3.82
20
Fire Assn of Phila—
3.48
5.92
5.51
Providence-Washington
1
6.36
Railroad Bond shares***——*
rr Equipment shares
—
53
1
5.38
——
shares*———
49%
Fidelity & Deposit of Md
8.82
shares—
Trust
10
-
Series 1955
8.35
Merchandise shares
—
Amer
37%
Series 1956
;
Fire
Indemnity Co
Fireman's Fd of San Fran
10.45
8.56
Price Shares.—
North
Pacific
35%
62%
Federal-
8,70
9.51
8.02
-
31%
•
10
Employers Reinsurance
8.65
31
8
2.50
55"%
52
29%
6%
183
10
—,————8
12.50
Northern
!
:
29%
10
Phoenix
Employees Group
11.92
-
5
-10
6
173
20
Pacific
12.34
10.85
«—*»——
Oils
69%
11.78
11.23
Machinery
9.05
8.38
59%
River
13.79
Metals
5%
39%
Fire
12.55
7%:
.
56%
York
Northeastern
67%
6%
Amsterdam Casualty——2
22%
54%
50%
36%
Hampshire, Fire—
24%
Fire
11%
87
82% r
(Detroit)—10
10
2
New
20%
6.03
stock
New
40%
4%
New Brunswick
22%
8.23
Railroad
Casualty
6
Insurance
10.44
*
National
10
Electrical
shares—
tlM.
,
99%
4
National Fire
National Liberty
City of New York
Diversified
8.79
;
Fire
New
695
670
'
io%:
1
Monarch
Camden
shares—
Mining shares
7%
80 %
6%
76%
25
100
-
15::
37%
Merch &
10.86
7.12
Petroleum
40%
12.01
Boston
47%
29%
97
12%
8
Mfrs Fire N Y—.4
10.84
9.25
"Institutional bond shares—
*
68%
37%
2%
Baltimore American
8.58
Food; shares—.
'
66%
10
13.87
13.08
Ask
«t«
Merchant Fire Assur
9.88
8.62
10.55
"
28
Massacnusetts Bonding
9.86
9.40
9.60
64
44%....
-
¥—.—20
Casualty
Maryland
North
8.55
General bond shares
•V."
23
25
Surety
—
13.50
Low
—10
10
—*.
„
Chemical
8.42
32%
62
/V
Pat
Inspect—10
Home.
—8^.
Homestead Fire
10
Insur Co of North America—10
Diversified Investment Fund-
6.25'
49%
30%
—
—
National Union Fire
Bank stock
Building supply
;/•
6.18
**
Industrial Machinery
-.3%
?
»
Agriculture
Automobile *i
41.99
'
'
Casualty
Automobile
>
6.47
Administered
18 V«
62%
25
American
12.30
Fully
16%v
59 Vo
6.86
———w*—
'
v
12%
19%
12%
9.92
.*—
Aviation
—
'
11%
18%
11%
American Equitable—
'
—
Chemical shares..
24 %
31%
6.19
6.88
20%
,
48%
82
22%
29%
8.98
—
series
*
4
Alliance
American
7.34
Stock series
32.93
—
'Electrical Equipment
78%
26.19
6.03
60
'
18%
Hartford 8teamboitor
-
55
52%
46%
•
10
American
8.08
Series—
stock
7.84
Building shares
-
17.34
30.05
—
shares
Aviation
10
-
of Newark.
7.90
;
—
Preferred
>.Ask
85
.
26
10
Life—
American
2.47
28%
58
Jersey Insurance of N
44%
A—2
shares-
1
American
7.09
shares
Automobile
Agricultural
Aetna—
.
^
Bid.
81
Surety
&
8.37
!'
r
Aetna
11.06
Casual
,5.38
Group Securities—
'>•
16.49
10.23
,
Aetna
4.79
2.25
•
InvestorsTrust——1
General
15.68
7.61
43%
o
71%
47%
Seaboard Ry common
81%
Par
series.--—*
24.31
General Capital Corp.
u
14.34
Low
1
-
-10
series
Industrial
■
■'
14.05
15.37
—
Low priced bond
2
29.04
13.62
.
priced stock commonPreferred stock scries*—
16.22
com
Insurance Companies
10.81
27.01
•
senles...
Income
1.71
38
69%
Francisco corn-
Preferred
4%s_
98%
79%
1st 50-year 4s._
1
1
Fur.d
2d
Investors
Balanced shares
26.95
Grande
Rio
«Ss
St Louis & San
96%
'
36
100
preferred
Preferred
72
102
—-5
6
Fidelity & Casualty.8
L55
,
70
100
64%
26%
& Pacific—
—
5%
V
Francisco—
San
&
94
92
2018
1993
4%s
9.83
National Investors Corp.
8.05
25.20
-250
% in1" 8tock Fund—
!Fidelity Fund Inc
*
•
p- Financial Industrial Fund, In*
< First Boston Corp_-.__.__—10
'«
—
Investors Trust
Bond
.
i
Fund.
Mutual Invest Fund Inc
Nation-Wide Securities—
22.54
7.15
Fundamental Trust shares
Louis
106%
104%
'?
25
23
62%
island
Chicago Rock
■;! Common -
51.20
Mass
.
Pacific
Common"-
119.80
50.18
Mass
.
'
St
■
Grande—
Rio
&
Manhattan Bond
Shares—^ ^
i5 Fundamental Investors Inc
7.16
117.40
Loomls
20.85
Fund
Denver
15.71
Chicago Milw St Paul &
■
Denver
1st 3-4s income
Mutual Fund—:•
Loomis Sayles
21.69
—I
Mutual Trust
Income
17.41
6.45
—
—
80%
31.04
Sayles Second Fund__10
Fund Inc—
Common
_.10fl
40.06
19.79
Eaton'SsHoward-*
)'v''' Balanced Fun<L————.—I.
■First
78%
31.29
14.27
——
—
i
8.19
37.06
.
;
99
2019
Chicago Rock Island & Pacific—
1st 4s_
—1994
Conv income 4%s^
2019
11.39
7.41
Knicke;bocker
*
Shares
i
23.32
21.69
-
A
S-4—
97
4V2S B.
Income 75-year
•
£ Dividend"
S-3
■
?
2019
Income
15.83
'
—.
106
104
1994
-
Income 4%s A
28.50
...
S-2—
Stocks
Gen
22.19
72%
74%
71
28.23
—
Series
Series
11.46
1
& Christiana Securities com—100 2,890 2,990
ft
Preferred
100
143
148
Commonwealth Invest-———-I
6.06
6.59
-Consol Investment Trust—*.—!
56%
58%
■A
K-2
10.31
20.22
Series S-l
8%
1
^Delaware Fund,
.*
—.
101%
—
4%s
Income
96
69
Gen
:
109.71
105.32
Century Shares Trust
Chemical Fund.
^Diversified Trustee
■—
B-4——.—
K-l
Series
Ltd
Fund
/
20.89
Series
18.32
8
#
Co Inc.,—fl
1
Fund Inc
Boston
19.04
'
America.
of
Tr
32.04
Series
36.36
-—l
A Common
Inv
29.25
Scries
Bankers Nat Investing—
'•* Bond
B-2
'
;
'
29.74
'
7%
33.81
Houghton Fund B—_
Axe
28.40
4«Series B-3.
14.29
7
94
Chicago Milw St Paul & Pacific
B-l—
Scries
4.95
13.17
Inc——I
Axe-Houghton Fund
t
31%
shares—
Assoc'ted Standard Oil
•
*
Series
*
33%
Indianapolis <fe Louisville—
1983
2003
1st 4S
OustHtan Punda—
Keystone
9.75
5.49
Affiliated Fund Ine
Seaboard Ry 1st 4s___
1st 4s
A«k
Bin
r»v
IV*
Holding Corp
10
Business Shares;
1
Foreign Investing. 10c
M Aeronautical Securities—
Ask
99%
.
2nd 4%s
Bid
ru
Bid
Ask
Bid
Beads—
dividend,
x
Ex-dividend,
y
Ex-rights,
z
effective Jan. 1,1945, of Doehler Die-
delivery, e Ex-interest, f Flat price, k Removed
sale—not included in range for year, t Ex-stock
Ex-due bills.
Formerly Coleman Lamp & Stove Co.; change or name approved June 12,
share of old common stock reclassified into one-fifth share of new 4%%, $50 par
and four shares of new $5 par common stock.
.
...
g
<>i
•No par value,
tin default.
furnished by sponsor or issuer.
JThese bonds are
subject to all Federal taxes.
1945 and eavh
preferred stock
A Quotations not
t
i
:•
,Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
THE
Bank
clearings this week will show
pared with
based
us,
of the
a year ago.
COURSE
ihcrease
an
Preliminary figures compiled by
able
ings will be 0.6% above those for the" corresponding
present further below
and
week last year.
Our preliminary totals stand at $10,609,991,323 against $10,541*396,959 for the same week in
Our comparative summary for
• y'-'.:/.
;
New York
1945
Per
$4,520,116,253
Chicago-!
Philadelphia
$4,111,535,762
+
437,747,735
+
able to give the final
week previous—the week
are
following
furnish
we
a
SUMMARY
3.3
—
Week Ended Sept. 8
506,000,000
+
6.5
288,300,853
269,543,038
+
7.0
1st
186,379,429
1.5
2d
New York
—
Bt. Louis
176,200,000
231,760,000
284,725,000
r-53.7
4th
224,908,818
<—14.1
5th
200,391,323
202,252,251
121,176.955
120,618,435
$6,908,474,854
$6,509,501,798
12
Richmond
Cleveland
*
Baltimore
Ten cities,
live days
cities, five days—
Other
—
$8,674,992,769
1,934,998,554
Total all cities for week
$10,609,991,323
Chicago
—:
St.
!
+
!
1944
Inc.
Oftc
1943
or
1942
i
+
2.6
326,109,212
4,894,261,410
"
4,486,063,333
+
9.1
4,114,891,191
505.362,375
527,348,188
+
457.401.968
465,248,280
—
1.7
260,941,137
237,596,312
+
9.8
"339,098,853
335,872,495
,V+
1.0
17
512,203,400
488,058,001
228,917,198
.
-
4.4
269,073.444
2,991,206,249
-
548,431,397
"
►
455,998,7(
452,882,011 ;
419,331,06
242,522,720
?'
184,347,66
327,827,702
^
4*, 4.9
,
>
%
291,749,817
"
Louis
Kansas
and the San Frahcisc
CLEARINGS
"
—
343,997,52 8
508,332,890 :
1440.818,6' 8
?
"
240,007,922
7
"
238,927,810
180,974,075
__.10
"
289,327.125
287,045,275
V;
':; +
125.337.969
428,307,716
120,484,357
v
'
+
370,009,573
8,590,576.225
8,019,368,904
^,994,104,71
3,829,812,032
4,059,879,781
3,108,665,4: 8
4
„
City..
...
—„—
Francisco
.
-
6
——«...
10
-
Total
0.6
+
BANK
"
Minneapolis
12th San
5.9
+
OF
7
9th
—17.7
District of 4.0%
10
11th Dallas
$10,541,396,959
one
Reserve
Reserve District of 15.8%.
6
Atlanta
10th
District
__10
,
8th
2,349,785,916
cities,
6.1
—18.8
$8,191,611,043
day«~.~—
Tot, all cities, five days
All
/Dallas
i
'
7th
0.5
+
Philadelphia
6th
0.9
+
1,682,109,245
1,766,517,915
3d
8.1
+
enlarge its totals by 4.9%, the Si.
by- 4.8% and the Minneapolis
Reserve District by 32.0%.
The Kansas City Reserve
District has to its credit an improvement of
0.8%, th£
Reserve
299,351,540
-
12 cities
Cleveland
193,099,548
Francisco
Pittsburgh
trict has managed to
1945
-
Ban
City
£
$
Boston
189,170,759
163,000,000
Kansas
Cleveland
Louis
Federal Reserve Districts
539,000,000
-—
Boston
the
summary by Federal Reserve Districts:
9.9
452,050,493
_
complete results for the
In the
Cent
1944
r
we
gain of 9.1%, in the Boston Reserve District ot
Philadelphia Reserve District of "4A%.
a
and in the
Reserve District the totals register
decrease of 1.7% but in the Richmond Reserve District
the totals show an increase of 9.8% and in the Atlanta
iReserve District of 1.0%.
The Chicago Reserve! Dis¬
For that week there was an increase of
7.1%, the aggregate of clearings for the whole country
having amounted to $8,590,576,225, against $8,019,368,904 in the same week in 1944.
Outside of this city there
was
an
increase of 5.7%, the bank clearings at this
center having recorded an increase of 20.2%.
We group
the week follows: •T:v
Week Ending Sept. 15—
In
ended Sept. 8.
At this center there is an increase for the week
TELEGRAPH
record
2.6%
however, which
we
BT
cities according to the Federal Reserve Districts in
which they are located and from this it
appears that iiji
New York District
(including this city) the totals
the
the last day of the week in all cases has to be
estimated.
In the elaborate detailed statement
States from which it is possible to obtain weekly clear¬
CLEARINGS—RETURNS
the
today, in as much as the week
Saturday, and the Saturday figures are not avail¬
at time of going to press.
Accordingly, in the above
ends
day, Sept, 15, clearings from all cities of the United
ended Friday of 9.9%.
CLEARINGS
We cannot furnish them
Country, indicate that for the week ended Satur¬
1944.
BANK
Complete and exact details for the week covered by
the foregoing will appear in our issue of next
week.
com¬
telegraphic advices from the chief cities
upon
OF
1317
..111 cities
Outside N. Y. City
:
4.8
+
'
.
229,194,599 "
4 183,762,498
+ 32.0
+•
0.8
4.0
.
.
+15.8
1164,914,16 3
-
147,122,6(9
- "
240,157,599
> 106,188,099 *
"2J1',599,0( 6
^92,016,915
\
-376,692,295
?
"
341,678,4(0
•
•
8
—r
;
5>A;
We also furnish today a
summary
Our usual monthly detailed statement of
the
on
transactions
appended.
The
August and the eight months of 1945 and 1944
York
New
suits for
Stock
Exchange
follow:
•
S Description
is
'ViSt'*■- '
-v
Month of August——
1945
the
1944
1945
20,752,920
21,714,249
"
For that month there
1945
aggregate
of clearings having been
New York Reserve District the totals show
180,315,550
242,396,008
of
ment
Railroad & misc.
i
August.
$113,109,700 $130,104,100 $1,632,160,600 $1,852,123,800
Foreign govern't
f bonds
7,178,000
4,827,400
1,000,200
331,000
Month of August—
4,401,700
.
!
,
1st
f! Total bonds— $118,937,300 $137,613,100 $1,703,354,210 $1,932,478,000
1945
No. Shares
No. Shares
38,995,195
17,811,394
18,032,142
February
32,612.585
17,100,772
24,434,084
March
27,492,243
27,643,038
36,997,243
62,555,204
79,463,469
28,270,442
17,228,380
41,310,246
months
37,712,751
23,415,845
"
24,962,216,767
22,820,992,937
17
"
2,786,490,811
92,020,949
.17
'*
131,342,925 171,484,418
"
2,682,008,959
1,268,325,885
Atlanta
16
"
1,856,706,405
Chicago
31
"
3,969,141,350
St.
7
"
1,247,143,288
9th
Minneapolis
10th
-■
Louis
Kansas
11th Dallas
15th San
"
16
.——
City.——
28,219,705
26,324,332
14,251,976
CLEARINGS
AT
CITIES
LEADING
IN
AUGUST
-—Month of August
1945
(000,000
1944
omitted)
New
1943
1942
Chicago
YEARS
1943
1942
$
$
$
$
18,483
24,225 22,084
4
1944
1945
$
York.
FOR
-Jan. 1 tb Aug. 31-
186,644 162,156 124,351
15,345
13,943
16,865
15,464 217,322
2,048
2,092
Boston
1,557
1,340
1,306
1,250
12,955
12,076
11,748
2,658
2,609
751/- 734
2,677
2,380
23,035
21,613
21,234
Outside
5,530
8,110
7,068
Louis..
San
1,023
Fran.!.
683
1,266
636
Cincinnati.Kansas
456
934
Minneap.
675
2,790,694,733
2,391,891,635
+
8.0
1,526,177,433
4,377,914,293
1,212,595,222
—'
9.3
3,869,886,293
+
2.9
1,104,773,155
982,771,688
356
356
•
10,171
9,559
8,441
N.
1,605,528,966
1,081,897,546
"
5,232
4,905
4,229
3,811
685
7,254
6,658
3,558
6,391
2,266,199,837
+
3.7
+
5.6
762
7,785
7,376
6,956
39,013,690,325
Y.
City
22,489,509,756
...
22,140,948,880
Federal
by
8 Months
5,065
4,751
4,328
1st
Boston
14 cities
2d
New
14
3d
York
Philadelphia
4th
1,672
1,499
1,197
3,034
11,925
12,904
2,771
11,342
-
302
270
243
2,674
2,467
-2,270
17
Richmond
334
-
318
311
221
2,578
2,497
-2,399
1,613
1,286
.
Omaha__._
;
2,977
63
65
66
641
149
149
135
126
1,287
Buffalo.-.—
263
274
246
214
2,266 /
212
202
261
239
131
121
382
St;
Paul- i
Denver-—-
Indianap.'.
v;
>
163
193
122
110
2,082
1,097
270
200
587
596
543
1,148
2,278
1,981
wv
-
17,861,893,7^4
9th
167,722,123,869
129,201,083,567
6.4
22,141,954,486
22,614,337,585
+ '
+
4.6
20,235,360,921
+
Q.2
8,976,169,750
+
7.6
11,971,632,725
9,819,664,2^2
1.2
3L:t5 t.h87,6J 5
2".2F0,5Q1,234
5.6
9,186,615,025
19,927,320,697
>. 17,611,118,1^5
7,711,510, $36
"
15,073,428,223
"
35,188,868,675;
34,776,896,945
"
10,746,637,643
10,172,867,876
"
7,546,793,987
7,132,166,050
•f
o.d
15
"
12,437,018,041
+
7.7
11,700,260,998
"
13,399,719,527
9,654,586,540
8,718,681,181
+
10.7
7,oj j,o»b,^»U
19
—
City
—
Francisco
N.
$
!
12,344,497,1^6
+ 16.1
16
Minneapolis
Total
13,631,694,526
16
—_—
10th Kansas
7.6
+
?ir
21,937,841,378
9,635,620,017
14,004,767,826
"
18,887,832,376
17,763,522,318
+
6.3
16,454,185,398
13,418,346,140
406,996,931,695
366,039,290,148
+11.2
327,556,815,696
264,352,212, Qf2
189,674,742,980
179,395,074,839
+
5.7
165,399,924,021
140,000,907,918
Louis
11th Dallas
Outside
10,523,397,472
1942
yt
$
11
St.
12th San
22,945,051,041
"
Months]
#
1943
%
7
Chicago
8th
The
185 cities
*
—
Y.
City
-
following compilation
covers
f
—
+
tj.ii«
7,683,169,008
*
i
■:.(-!». «•
Tdr
it
8,890,775,411
i2
the clearings by months since Jan. 1, 1945 and 1944:
1,516
1,733
1,317
1,008
941
1,987
June
330
316
164
140
117
2,808 /V 2,556
1,557
1,436
2,344
164
1,305
374
335
3,262
3,057
3,051
117
112
943
•905
68
558
520
Inc.
(
$
•
Dec.
+
16.4
24,724.776,873
22,809,158,872
+
4.2
21,177,844,835
24,992,691,751
21,290,328,895
23,497,285,956
+
6.^
70,895,313,461
67,596,773,723
+
4.9
43,591,816,956
52,692,249,110
48,613,171,624
+
151,765,272,513
138,307,493,718
+
42,393,390,887
+ 10.8
51,713,728,303
59,341,864,091
42,945,255,964:/
+ 20.4
23,977,244,397
21,839,404^967
f 50,687,731,217
7.1
26,180,401,308
24,020,076,577
+
9.1
158,011^)83,350
quarter.—.
136,026,637,068
+ 16.2
73,155,577,633
67,219,397,631
+
8/4
144,050,891,094
134,816,171,354
23,134,342,130
22,437.954,605
+
3,1
22,140,948,880'
+
1.6
;
8.4
-
0 ■;
9.7
•
-
i13oi?
f
April
500
V
21,359,916,087
22,997,931,928
.
+
ty.)
717;
+ 9-8
754
66
1st
2,433
Salt L.
Dec. %
•
York-
1,114
400
-
46.102,505,138
New
1944
•1945
or
46,955,490,954
May
417
Clearings Outside
Inc.
.
53,667,928,932
45,405,094,471
February---—'
f'March—r
1,616
Seattle.—_
CLEARINGS
All
«
$
1.008
1,743
1,284
Memphis—
Total
1944 i
1945
January
1,924
,
MONTHLY
ft'J-
-Clearings,
Months—
.»
1,014
i
1,684
235
:;
ri
Li_
31
^
7th
.
"
"
;
8,135
1,239
71
Milwaukee-
Providence
20,527,655,873
8 Months
Dec.
14,033,068,340
192,812,002,o»l
223,917,346,J90
24.074,621,462
8
—
6th; Atlanta
1,912
,
1.6
Inc. or
$
17
..
Cleveland
5th
3,132
318
Detroit—
Louisville
432
.
iT
■
33,326,012,623
Districts in the eight months for four
i
1944
15,038,648,359
"
3,315
2,131
-
274
+
Reserve
8 Months
1945
5,971
i;
675,542,6$1
1,230,908,689
880,856,078
1,823,118,393
2,161,507,780
44,225,312,337
Federal Reserve District*
4.958
877
608
955,375,882
4.007
525
400
382
,
896,640,315
1,504,373,952
0.2
2,350,245,829
•
V
3.2
9.1
—
46,715,357,261
185 cities
—
append another table showing the clearings
7,057
5,597
942
+
+
952,442,431
1,752,054,554
1,142,082,756
years.
4,584
419
633
New Orl.
8,913
819
881
946
City
6,177
8,988
617
444
967
Cleveland J
6,416
888
1,119
1,221
643
580
902
1,089
Baltimore
17,897
16,035,480,6110
2,480,365,m
2,232,286,9' !3
1,007,023,820
1,220,939,832
3,396,670,791
950,70o,0i6
6.7
19
.
We
19,049
Pittsburgh-
1,678
19,141,397,743
—
10,540
Phila
St.
1,867
1,472,114,5)3
9.4
0.6
1,060,372,978-
$
1,528,888,648
2.0
"
1=1942
,-••4
+
$
BANK
•'v
-
.—tlioi
7,387,341
vi'; The course of bank clearings at leading cities of the
country for the month of August and the eight months
ended with August in each of the last four years is shown
in the subjoined statement.
I,
i -
9.3%, bi)t
are,larger tiy
$
+
"
8,373,550
20,752,920
%
—
II
Francisco
1943
or
1,188,860,829
1,719,719,375
15
...
Total
51,792,091
19,977,030
21,714,249
„
In<the Ch
by
+
2,699,693,755
8
22,284,837
August
bdt
6.7%
+ 14.7
2,732,245,581
Cleveland
7,466,443
68,787,721
200,704,729
July
1,567,011,565
8th
7,229,097
35,051,545
32,024,018
June
quarter
1,797,878,747
7,589,297
33,553,559
13,846,590
101,604,706
May
Six
Philadelphia
Dec.
Richmond
29,507,254
April
2nd
14
York
Inc.
$
7th
8,587,828
99,100,023
14 cities
New
1944
•'.•• -;
$
6th
12,993,665
7,925,761
quarter
gai#
0.2%, but in the Kansas City Reserve District tfr^e is a
increase of 9.1% and in the San Francisco Reserve Dis¬
trict of 3.7%.
The
4th
No. Shares
January
Boston
3d
1942
1943
1944
No. Shares
of 0:6%
2.9% and in the Minneapolis Reserve District by 3. 2%.
In the Dallas Reserve District there ~ is a
decrease
5th
The volume of transactions in share properties on the
New York Stock Exchange for the eight months of 1942
to 1945 is indicated in the following:
>
1st
In the
1945
.
2d
4,837,050
_
loss
a
r«i3C>t
75,952,500
66,356,5G0
records
in the St. Louis Reserve District the totals
improve¬
an
District
cago Reserve District the totals are smaller
$46,715,-
Philadelphia Reserve District of 2.0%.
Federal Reserve Districts
0 bonds
of
an
9.4%, in the Boston Reserve District of f4.7%
and in the
U. S. government
Month
was
357,261 and the 1944 aggregate $44,225,312,337.
Bonds
bonds
of
Reserve
the Richmond Reserve District registers a
and the Atlanta Reserve District of 8.0%.
,
0: shares
f
month
Cleveland
of the clearings for
increase for the entire body of clearing houses of 5.6%,
-
Eight Months
1944
Stock, number of
the
Richmond-
108
98
984
61
58
572
41,742 39,467 34,774 29,671
365,165
City
■
"
Hartford—.
Total—_
Other cities
4,973
Total all
3,656^
41,831
46,715 44,225 39,021 33,327
Out. N. Y.
22,489 22,140 20,527
We
Clearing*
4,758 ; 4,247
now
add
at—
our
327,738 298,564 235,390
38,279
34,077
.
28,962
Six
•
Month
-
1945
of
1944
-
■
•
Eight months—
./
Inc.
3,453,006
:
14,180,367
2,395,364
or
—
+
1944
33,399,993
114,023,157
12,955,339,933
;
29,741,268
120,081,478
5.6
V;
..
.22,489,500,756
366,039,290,148
+ 11.2
+ 10.6
38,069,571
+ 14.9
+ 10.1
;
18,918,693
17,341,970
179,395,074,839
189,674,742,680
XU
Inc. or
*
?
-■
•1945 ; l
'
v
+ 12.3
1,044,879
5.0
2,924,016
2,966.539
'
7.3
249,584,806
251,141,798
+ 12.6
967,101
868,375
+
'••"■+
1943
$
33.0
751,651
563,615
—
785,337
—
•
Dec. %
$
1.4
—
0.6
3,605,363
279,669,743
V 227,761,599
+
>'•.
35+663
+.
r:
18,097,075
16,329,763
+ 10.8
343,460
375,312
+
8.2
46,845,635
43,200,760
+
8.4
1,171,676
1,072,730
+
9,2
932,870
+
5.8
163,436,660
6.4
3,836,755
3,563,922
+
7.7
4,150,476
+ 18.2
114,954,986
153,647,056
96,672,497
+
+18.9
2,752,230
■■■?: 2,262,457
+
21.6
2.9
572,787,809
558,567,371
+
2.5
214,927,975
+
8.3
60,793,800
+
1.3
—
25,311,102
•
+
9.6
■/
6,716,400
71,564,300
3,074,067
1,797,878,747
6,101,000
•
232,765,125
:
+ 10.1
63,505,500
+ 12.7
2,785,857
1,567,011,565
.
+10.3
+-14.7
61,600,200
•
587,326,000
641,294,300
27,115,222
-15,036,648,359
-
23,779,844
14,033,068,340
+
9.2
+ 14.0
+
7.6
.;sO.£944r734
-^x
L
"
+ 10.3
68,007,412
4,247,828
1,141,469
11.4
+
9.1
5,570,861
•.
12,777,519
11,168,093
5,353,060
/
//
17,918,200
677,(338
299,351,540
5,198,094
r.
-
11,762,200
584,959
291,749,817
5.7
•
Inc.ur
1944
v
■
+
■I.
-Week Ended Sept. 8
2,161,259
27,731,481
"
eltiesl
+
:
'
12,076,841,839
33,816,719
'
"*v>tal
44,225,312,337 0
17,985,717
11,503,844
66,012,753
'
H.—Manchester ;
iv
Dec. %
5.5
2,175,970
13,597,600
•>
New Haven
'
6.4
6,024,985
V.
Conn.—Hartford
•
r
406,996,931,695
1945
16.2
4,240,433
-
,
2,383,870
If.
+
19,022,615
Bedford
I.—Providence
:
city for the month of August and the week ended Sept. 8 for four years:
+ 18.1
1,340,029^37
-
4,870,435/
River™
Waterbuxy
47,480,106,025
46,715,357,261
Dec. %
;
1,557,003,725
Holyoxe
R,
274,333,871,786
y
Jan. 1 to Aug. 31-
:
13,403,390
Portland
Worcester
+
Ur,
August
August-
4,077,762
Springfield
.
406,996 366,039 332,631 264,352
Me.—Bangor
Mass.—Boston
309,776,355,863
50,505,218,571 '
detailed statement showing the figures for each
+
' '
months—
0.
*
$ V.
New
quarter—.
July
17,863 189,674 179,395 165,399 140,000
First Federal Reserve District—Boston
Fall
■;
—
2nd
—
8.5
+ 14.4
--
2,253,525'
13,354,373 i
*'.-Cf '493,983
mM«oi,8l8
3,273,436
'
L
.
2,316,037 '
',"9,175,688
.3.0
5,123,950
4,567,595
+ 52.3
137983,400
147455,300
+
+
+
15.9
2.6
787,729
326,109,212
.
471,81jl
269,073,464
-Jan. 1 to Aug.
-Month of August1945
$
0«c«si Feiersl *««rw
— WriHti
J.—Montclair
—
N. J.
f Northern
Oranges
—
(14 cities) ~
Total
Federal Reserve
Third
1,640,301
1,191,977
945,826
58,980,000
—27.7
46,554,526
+
4.0
797,786
901,008
—11.5
,932,091
39,500,000
1, 012,578
+ 19.3
40,940,493
42,584,488
9.7
217,322,188,715
-
f
v
•
V
+
7.1
468,427,056
+
6.2
5,467,316
34,233,631
1,661,616
240,256,593
49,606,777
+ 20.9
22,820,992,937
+
1.9
+
5.9
2.3
283,553,495
16,165,107
1.027.308.585
1.381.682.586
38,203,621
9.4
223,917,346,390
2,745,099
3,968,199
23,644,210
3,619,253
12.176.950
28,964,303
105,056,416
67,687,057
164,370,193
4,799,102
—
+
7.6
3.798,160
12,833,470
8033000
:516,208
+
"+20.7
1*729,474
9.6
17468*898
1,3977697
23,035,000,000
64,763,649
21,613,000,000
54,859,940
+
6.6
491*000*000
513,000,000
+
i8.i;
2,079,951
.1,135,306
+83.2
992,772
14.906.951
108 633,838
+
4.2
2,380,575
2,177,374
+
9.3
2,539,615
8.759,458
59,704,258
68,146,991
104,253,229
57,141,891
+
,1020,277-
8,188,271
8,091,561
1,939,213
.........
:
—
2,786,490,811
Total (17 cities)
Faarth Feieral Reserve
2,732,455,581
4.5
1,350,752
59,923,956
+13.7
1,521,694
13,180,796
5,959,197
28,609,658
25,863,389
+
19,205,186
•
Cleveland
946,*941,883
934,684,809
.Columbus
73,680600
76,081,300
3,866,835
1,493009
7,765,142,710
647,047,700
29,443,407
13,876,175
91,212,840
1,816,936
r_
11,712,535
i
Newark
Toledo
14/420,812
Ctt City w——Lexington
Va.—Wheeling
-
10,563,992
2,699,693,755
2,682/008,959
1.1
+
—
'
-
'
6.4
2080*500
4,061,100
—29.1
7,852,100
>2,797,900
6.4
+
505,362,375
527,348,188
4.4
548,431,397
455,998,708
3.304,970
3,533,766
I
+
6.9
+
89048,751
15.6,516/864
6.3
3416/511
80.370,301
050060,466
•
12,747,109
2,191,927
T77*l~l7805
1,0507774
3,268,421
2,723,898
2,507.281
13,213,800
2,194,087
3,201,390
•
—.
-
-
182,176,163
.
197,103,547
168,904,290
195.596,280
7.6
—
W. va.—Huntington
(Fa.—Norfolk
.
Richmond
.
76,502,533
Columbia
,
26,033,000
9,644,432
13,315,335
.—*—
643,477,531
2,384,013
185,291,163
Md.—Baltimore
Frederick
—
C.—Washington
D.
-—
21,937,841,378
457,
,401,968
4.6
+
465,248,280
—
419.331,087
452,882.011
1.7
I
Sixth
233,790,000
227,922,000
2,808,907,994
2,556,586,160
+
84,916,148
74,744,841
+
5,093,000
13.6
+
1.1
128,739,103
113,629,755
1.1
5,597,692,767
5,232.370,433
4.6
19,444,263
6.7
10 ,523,397, 472
5,775,000
—11,8
1,902,803
70,372,024
1,859,218
.
+
,
*
2.3
:
}
•
,
.
^"*4
0
.
791.595
5,384,000
-
r
5,488,000
16.1
+
1,085,531
_
67,185,853
1,922,417
63,601,069
.82,539,812
•
+13.3
13374*2*2,669
125024^887
*+**675
131027096
+ 16.9
3706*0085
3275*5*47625
*+*1478
340137823
30,055,547
9.2
260,941,137
237,596,312
+
3.8
242,522,720
184,347,661
9,420,804
+
8.9
+
9,635,620,017
7.0
+
1,367,236,488
1
+
+
19,033,272
1,598,495,570
+18.0
81,732,979
9.9
16.8
12.2
2.2
+
••
'
-
1,334,371,199
+
3.6
10,263,707
32,848031
30024,462
+
6.2
36,595,226
5,660,241
27,355,739"
4022,500,000
+ 12.7
130,200,000
127000,000
+
2.4
118,400,000
87,800,00#
+
3.1
88,752",921
82,782,716
+
7.2
"2,300,000
2037,640
+
2.8
2,399060
1012008
+
21.9
78,153,738
69,003,146
68,805,148
68,656,537
+ 13.6
0.5
1,715,537
40,558,095
2,093,075
+ 18.0
2,253038
1000,000
8,186054
252,526,315
+
2.9
0.3
12,619,000
17,900,778
3,081,483
...»
Meridian
19,407,892
13,206029
V
Vicksburg
2,768,115
995,421
1,011,214
356,186,658
356,860,601
1,856,706,405
1,719,719,375
—
la.—New Orleans
7,612,685
.
(16 cities)
6.7
2,004,766,450
166,165,927
61,767,641
—12.4
97091,000
1.0
—
+
+ 11.3
8.0
+
35.5
—
—
+
-
7,240,994
39,416,283
+
2.9
24,456,049
46,576,771,
v
*
+
89.5
9.9
25,891,671
35,270,529
4,347,250
.
■
7.9
41,677,745
+
2.4
3088,013
4,425,582
—
30,471,064
4,631,726"
1.8
+
3.7
—
+ 29.5
.03,299,373
7,858,127
2,977,118078
15,073,428023
8.9
+- 8.4
+
112,358,931
3,034,529030
0.5
+
..."
60,647,626
101,716,000
9,123046
0.2
-
145,482,724
25,404,628
1.6
.
+
1,712009,462
122,305,257
1,857,727,889
162,278,815
132,620,949
+ 10.1
+ 22.5
390,131,868
1,864,773,580
+
11,051,000
,,
—
199,977,317
19,218,324
8,120,417
—
—
+ 10.8
13014,667
229,366,894
.
13,254/938
Montgomery
Total
477,749,401
1,381,830,149
5,435,312,993
..
205,843,104
Miss.—Hattiesburg
Jackson
2.0
8,521,487
8,142,704
--—
Ala.—Birmingham
Mobile
+
+ 15.0
47,585,428
10,391,780
_i-
.
159017,577
629,300,000
10,864015
?
10,524,247
'Macon"
.iTafnjpa
<
4.1
+ 15.7
+
1,210,558
2.6
+
—
+
724,400,000
—
Fla.—Jacksonville
j
1,428,801
+ 16.6
44097,068
1,188,860,829
162,322,610
i
Augusta
.; Columbus
:
51,411,627
+
52,746,626
Nashville
Cla.—Atlanta
:
ii,:i'
■
Federal Reserve District—Atlanta—
Yenn.—Knoxville
•
'
165,184,898
..1,268,325,885
Total (8 cities).
w.wa
^
::
1
'
1.1
+
\\'.K
"
85,707,756
1..1
0-"
6,023,612
27,149,000
330,261,024
8,260,096
13,173,961
636,528,127
2,280,111
382,091,336
-
R, C.—Charleston
i*
.
1
Dirtrkt—BIchmend-«-
——
.....
-
.
.v
122,176,668
■
6,089/075
A.
13,550,.300
13,852,800
8,9]
108,018,432
22,945,051041
0.6
—
{.v..
Fifth .Federal1 Reserve
,
3,090,875
•.
.
82,689,
...,t
■
117 cities).
1,815,901
12,134,977
6,393,930
8,988,707,230
103,332076
131,222,344
101,292,510
93,907,198
7,617002
8,351,136
16,698,623
£
r.fx
1,093,530
2,221,492
75,276,735
1,184,368
1,089,808,389
13,734,498'
15482,446
13,290,653
—
1,563,595
6.4
—
336096026
1,477,373
1,387,174
>454,000
1,023,758,275
Pittsburgh:
12,066,899
77/880,198
125,753,997
84,015,753
16,186,382
9,778,749
44,797,202
...
Fa.—Beaver Co.
Greens burg:
.<
28,348,061
136,-669053
10,681,055
>16,990,176
9,961,636
39,105,267
—
'; Youngstown
—16.6
.
1,626,183
-
141,572,594
3,811,426,803
7,376074014
615,863,700
154451.774
4,229,603038
4,012,438
2,344,200
10.6
—
22,614,337,585
24,074,621,462
2.0
+
17y492,251
444,163,295
Hamilton
1.247,067
•
I'
486,221,429
,
443,000,000
529,000,600
.
+ 19.4
191,647,469,
200,766,100
193,723,147
187,968,900
Dlrfrlct—Cleveland-"-*
©folo—Canton
Cincinnati
4.3
—
,
+12.2
14,793,531
1,664,750
779,588
2,230,280
22077,500
22,743,600
24,858,900
7.4
7,113,388
7,731,124
♦
897,054
3,728,117
21,223,198
mm—
Total
1,362,665
796,842
2,609,000,000
7,051,380
——
7,799,590
Bazleton
1
658,603
1,337,180
4.0
+
—
©eh—Wilmington
m. J.—Trenton
423,540
54.5
+
60"
,+
61,775,164
686,189
2058000,000
BOlS
Brie
+
1,051,892
.
713,821
23,563,204
Pottsviile
/
99,838,525
844,230
<
2,991,206,269
,270,918
—19.7
557,467
861,378
0.6
0.3
4,114,891,191
20,119,759
York
+
12.5
9.1
22,329,007
25,312,624
2,493,224
,
13,532,804
Mansfield
+
—
—
24,406,360
15,263,470
24,885,802
+
4,486,063,333
bfiZ
18,646,327
3,157,809
—
Wllkes-Barre
.
4,894,261,410
16.1
4.484,425
1.0
+ 15.2
29,959,798
+
7,952,767
4,855,811
.
6.1
—
—
3,383,696
2014,591
Reading
.
34,509,341
2,885,439,340
+ 11.0
Bcranton
■
945.331.112
1,332,035,796
35,715,725
32,170,485
7,380,416
*+"~70
383,870
23,092,155
.
4,973,179
—
6,253,548
-
380,161
21,685,803
9,835,802
5.2
;•:» 742,267
:
802,860
3,993,100,564
6.5
+
5,269,387
6,730,911
21,026,264
32,357,739
29,060,963
3.0
+
—
10,305,387
14,588,109
9.5
+ 20.2
+
3,959,489,123
10,971,257
4,993,222
-
37.6
+
' 842; 103
:
922,427
4,760,764,1.93
192,812,502,591
116,384,427
4,043,710
—---«
14,004,767,826
9.0
+
+ 16.1
212,434
1.9
75,334,391
7.0
339098053
86,554,502
+
335,872,495
2.2
1.0
204,724
309054
+
73,685,177
+
—27.4
292,762
+
327,827,702
58.269,465.
243097,538
V
Feventh Federal Reserve District—Chicago—
+
Arbor
Mich.—Ann
.Detroit
;
2,877,511
1,286,291,687
/.
«
2,438,151
1,672,775,303
8,138,381
25,077,871
Grand Rapids
8,683,054
23.874,180
+ 180
11028,522,426
6.3
-
24,388,446
—23.1
67,741,433
—
4,168,681
—10.7
; ^Lansing
17,465,438
+ 15.2
135,057,407
7,229,434
—11.6
57,940004
1.4
33,914,064
mm mm mm mm
mm
14,044,748
3,964,261
13038,061
+
6.1
117,090,898
29,255038
26,448,771
+
10.6
215,905,269
131,103,089
121,737,357
15,969,583
40,529,993
+
7.7
City
|nd.—Ft. Wayne
Bay
.
—
•
Gary
■
Indianapolis
Bend
Booth
VTerre Haute
14,935,113
39,878,995
—
1,097,710,752
*
6.5
—
129,177,932
1.4
—
365,632,214
10,157,613
149,627,739
8,403,511
149,408,439
2,756,870
2,574,131
4,640,925
689,319
2,245079
4,233,016
+ 200
0.1
+
7.1
1087,049,702
23,071,316
+
90
30,714,116
5.3
5,899,294
7.1
18,400,950
'
•
Oshkosh
Sheboygan
....
—
\
Watertown
.
-
Manitowoc
—
Ta.—Cedar Rapids
0
Des
Moines
728,083
2,415,927
—
—
if-'.o
8068,146
59,834,550
+
10.6
5,302,176
+
15.7
267,061,278
1.5
—29.8
8,122,453
27,740,032
+ 24.8
21,970,018
2.1
•460,416-
523,786
4.3
.
2,848067
4,749,360
4,38j,039
2.2
4,847,572
—
2,188,267
,
.
1.1
7.4
+
6.1
+
7.7
V:"
+
8.2
25,577,000
-
-
+ 15.0
4,609,324
2,786,418
'
2.4
+
—
2,379,798
4.1
f
''
...V
2,511,506
>.
—
5.2
..
'2,579,350
2,621,500
.
■
03,666000
+
-
8.1
-
3,427,979
—20.8
23,559000
:
23,542,000
—20.8
8,213093'
2,714,584.
-
2,312030
3,273.382
-
+ 28.5
8,004-028
+ 10.9
+
9.4
+
7,401,562
8016,100
-
0;,;^'./+,:-
.
3.8
+
.
9.8
32,460}454
28,556044
+13.7
,
/
.;:-s
■■
,
.
-
.("•
"25035076
28,086.264
-
"
■
■
—
9,4
6.1
2,049,160
4.7
14,939,733
6.9
7,306,802
+
20.0
12,022.766
12,047,304
5,893,084
5000,000
6.1
+
/
1.6
+ 22.3
12,454052
+
+
+
2,016,214
+
2.5
+
"
'>
•;
—13.2
20,317,744
75097037
525,115,704
549,546,388
27,541,256
988,267
4,383,107
2,248077
2092,575061
7,479,111
27,643095
+
7.0
—
6,799,076-
79,894,381
5.6
8,467,989
66,198,837
31,860,336
—
—
9.6
'
73,173,346 1039,631,655 ~
21,097,321
■■■'33,427,141
81,119078
+
+
+
—
"
"
•
(Wis.—Madison
t,
Milwaukee
546,388
10.8
'
33006,170
138,337,087
58,581,814
31.590,389
110,363076
200,467,938
1,014,594074
134,650023
284,548,397
,536,088
'
Muskegon
.
+
569/650
7.6
—
61,164,080
,
188,596030
3,720,752
18,377,126
6,393,703
3,909,948
\
+ 11.4
21,887,723
12004,759,614
5.0
+
Jackson
,.
-
1,591,888
/
1,475,891
'
1
Sioux
City
973,360
3,340,263
^Bloomlngton
2,806,223
Chicago
2048,010,835
7029,690
Peoria
f
...—
5075,854-
"
'
+
7.8
+
16,865,104.418
6.1
10,842,490
8,109074
+
4.7
66,351,131
1,015,685
+
2.3
8053,666
6,972048
4,377,914093
9.3
35,188068,675
34,776,896,945
+
+
3.6
+
11.4
V
21.9
381,311,379
503,762
'f
.r:
>■*
543080
.
403030.529
341,588,983
+ 15.5
3,969,141,350
566,460
690,379
395,185,190
-
+11.8
1039038
....
26051,372
Rockford
Sterling—^
1 -y>
7,654,724
27,071,415
20,374091
;
^
17097,120,756
64052,575
237,706,514
> 85,901,489
74006,302
Sprlngneld
k
—
?
249,834,457
9,947,460
8,493,540
Decatur
-
—
—
—
—
3.3
3.6
8.3
64,233,248
•
—
0.3
--
*
■
1,540,405
-
1,382.892
"
^
+
82,087,536
-
-
13.5
+
209,404,438
^
-
•
1.334,698
6033073
6,003044
+15.5
2069,767
2,267,706
+
8.7
2,408,757
1,693,823
0.2
1,550,793
1,584,878
4.9
r.r-'>
4,683,422
4.7
508,332090
-
'
1,696,799
—
4,488,710
1.871,818
:
2,250,000
-''v
Total (31 cities).
—
—
1.2
512,203,400
488,058001
+
440018,678
:
■
v--
%•#•*»« F-**rai Reserve District—St. Xonls—
Louis
^
<
751,737050
5,248065
Gape Girardeau
independence
■W9.—Louisville
VMBh—Memphis
1,128,415
318,514,768
,
Hi—.T«/*n80u%'iiie
164,665,382
...
tjuiney
Total (7 clries>„
,
1.008,999
42,647,000
26,425,254
—
Norristown
'
■•rVr'
5,789,892
9;082,266
55,481,807
+
—————
Leoanon
■
+ 31.1
2,278,406,881
39,046,829
41,319,431
186,644,215,308
419,825,437
232,962,319
43,510,212
269.451.111
—
—
; Philadelphia
i
$
60,939,926
22,084,363,457
52,777,313
Harrlsburg
Lancaster
DU
1942
r
2 266 862,157
District—Philadelphia—
—
•Chester
'■>
.
..
4.1
3,124,776
Betnlehera
»■'
$
9.5
Fa.—Altoona
■J
.
+
24,962,216,767
—.
—.
Newark
)
5,908,847
1943
Dec. %
+
5,644,456
0 LICci
.
t
"A
460,612,514
678,626,791
+ 27.2
24,225,847,505
56,529,504
28,066,901
5,569,712
36,241,118
2,009,414
119,182,720
151,926,660
4,687,271
Conn.—-Stamford
R.
Dec. *
$
6,487,209
—
York
Rochester
Syracuse
„
Inc. or
$
8,219,008
1944
274,290,936
4,355,192
4,732,679
^Jamestown
New
1944
7,100,920
.
Elroira
;
1945
Inc. or
'
40,644,613
51,703,223
JBlnabamton
Buffalo
V.-'
.
$
Dec. %
Week Ended Sept. 8
31-
263,179,898
4,527,465
Y.—Albany.
m.
;
York—
District— New
'
1945
Inc. or
1944
I
jtearings at—
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1318
>
703,129
5,145,579
1047,143088
734,764,734
4,854,492
863,939
302,336,838
6,177,708,024
•40,504037
6/416,597,923
<. 45,054,596
•
.6,969,606
2,674,417,587
.164,500,515
680,704
4,594000
1012,595,222
10,746037,643
5,S99,654
40,177,545
,
„
145,200000
136,600000
+
6.3
135,400,000
119,800,000
61,454,101
59,198,051
+
3.8
54,428,137
49,431019
32,163,556
32,196,147
0.1
38,321,462
26,871,174
4.6
1,19*0,265
923,000
+
28.9
1045000
*812066
+ 53
240007022
228,917,198
+
4.8
229,194,599
196,014,193
2.8
+
8.4
+
8.5
v
-'+16.8
+
38,422,000
10,172,867076
3.9
+11.2
—
2/467,892073
1/436,374,872
4,795,733
1,557020,733
^
+
:
7,170,337
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
Volume 162
-Month
of
1 to Aug.
August
V
1945
Inc. or
1944
1945
Onrlap at—
1314
31
Week Ended Sept. 8
Inc. or
1944
1945
1944
6
S
1943
Inc. or
1949
"
Dec. ft
»
I
•■'W:
Dec. ft
%
Dec. ft
*
*
Math Federal Reserve District—Minneapolis—
20,027.102
Minn.—Duluth
675,927.757
2,998,493
212,425,789
Minneapolis
Rochester
"
'St
Paul
2,253,840
Winona
474,000,
3,208,121
;
Fergus Falls
M. D.—Fargo
•
V
;
,
2,243,000
2,420,052
.«»..<—
*
"
S.
.
Total
7,301,951
1,197,066
6,768,120
+
24.6.'
6,303,305
+
29;9
18,1207,992
'v
<
35,4547868
387418! 166
9.0
+
'576*9*27016
2^499^654
-
+ 263.1
2,861,202
1.3
,'.
,
0.2
+
;
1073*88,939
—16.1
1:
.
**7777*7
-
+ 17.6
-50,176,272
*+"i~87i
1,*499~090
1,774,396
■
■
1,3*767483
1,TO"O7309
5.5
+
10,854,546
53,677,937
J. +
3.2
7,546,793,987
846,881
+ 24.0
+16*2
^48,983*098
I
0.6
—
t
+ 22.9
43,687,981
V 44,640,186
7,603,686
17.27*2*866
v
35.8
+
2.2
+
103,222,432
l.a
'
"+**575
3,464,529
99,644,757
*
+
952,442,431
3778*337407
3,198,090
133,067,505
1,696,797
77' 474*2*5*,085
156,187,507
+
8.0
,/; +
*
1,131;989
5.8
180,974,075
1,303,522
i7o7*o7m
3,3717658
183,762,498
"+*2*571
147,122,659;
6.3
+
3,730,689,
7,132,166,050
v
6.7
+
3^537^843
238,974,810
■
v
1,590,135
•
+10.3
\
.
"H
;
+ 32.0
■;
I
Tenth Federal Reservn District—Kansas City—
■
-r-;rr it050,239
Ifet*.—Fremont
«
Hastings:.——
>
Lincoln
—
20,068,924
334,422,331
Omaha
Topeka__
; 31.579,442
4,014,177
967,987,048
Colo.—Colorado
Springs
.
28,509,226
758,773
V+ 12.7
773,959
....—
2,742,093
+:
2.497,928,516
3.2
217,974
1,752,054,554
7,378,905
+
17.5,
.-.'40,123,626
+
9.4
2,082,388,790
366,201
75,802,135
3,689,338
62,606,484
5.2
2,676,216
rffsjli
2,546,769
0.2
5,766,456
6,169,413
5,213,579
5,309,163
9.0
19178*2*8*933
1737097^341
1587104^140
>14276057521
3.4
6,294,885
5,052,286
5,516,747
3,774,797
+ 16:8
34,350,492
20,423,755
1,605,528,966
9.1
13,399,719,527
+
259,745
3,146,618
Bl,625,490
-
-
?
1
1.0
0.6
2,828,789
-
7.0
—
2.7
+
+ 25.5
+
4.3
+
1,924,125,170
31,224,195
*
147,091
310,732
8,687,180
.6,658,405,188
225.992,695
7,184,329
451,375,009
38,459,037
554,057,292
+ 16.1
2,347,666
,•
2.0
172,376
204,139
3,626,026
64,779,956
10,404,244
113,878,468
272,214,505
29,037,641
■
f
'10,345,179
•;
119,830.676
272,861:445
31,059,010
7,254,459/909
t
218,419,268
+ 19.7
—
'
58,303,733
•>
4,690,974
239,257,130
4,043,619
-
"
9.8
1
4,694,071
Total (16 cities)
5.6
+
-
Wyoming—Casper
30.0
+
—
25,291,654
r
^
■
Pueblo
418,225
4,253,779
-8,776,157
'+16.1
3,456,285
69,812,476
5,511,270
: 261,765,892
'Denver,
•
4.7
*
881,495,492
•
Okla.—1Tulsa
8.8
—13.0
33,462,545
■
Me.—Joplln_—
Kansas City
St. Joseph .......i.—.
Carthage
......
142,235*932
2,578,658.239
4.9
6,746,462
+ 12.7
.
■
1,089,582
1,321,956
12,925,013
16,802,667
.
+
+
318,949,611
/
1,150,097
Wichita
.*
v
1,185,827
Parsons
:
;
*
—
Kaos.—Manhattan
.
-v.
+
+0*4*3*846
4.2
.
108,939,246
10,786,202
+19.2 '
V 580,953
982,771,688
: fy
■
'*•
+12.6
+
;
17,351,357
49,248,234
168;726,292
3,966,696
:
590,376
(16 cities)
12.6,;
+
176,540,000
+ 11.5
'
59,014,810
+ 25.9'
,
:'"-r:
•
-
10.800,667
'
Lewistown
'X::
2.1
6.6
3,682,292
129,970,106
+ 15.2
3,818,504
131,118,133
-19,400,000
19,433,900
17/568,357
4.8;
+
4,105,747
18,999,780
•110,004,693
—91.0
+
21,695,289
.....—
—....
v
Helena
.t
■
5.4
+
4,751,135,275
18,324,204
1,616,362,275
•
1,684,302,057
19,411,683
4,163,971
8.0
—
—16.0
8,190,255
'
.....—
Mont.—Billings
,
4.8
+
+
143,156,909
5,065,559,645
21,108,729
+ 34.5
8,218,862
'
•
Falls
Huron
Great Falls
6.8.
150,881,535
12,156,786
1,507,414
8,434,552
Ou—Aberdeen
Sioux
0.8
+
.
*
•
Forks
Grand
Minot
+
19,866,612
633,151,301
2,229,090
202,746,444
2,449,135
564,087
35,549,816
2,356,000
2,369,872
>
8.2
1,168,595
877,106
**999/927
"*808,565
289,327,125
287,045,275
+ 10.0
+
7.7
1,028,414
878,618
**8*5*37551
1,023,254
0.8
240,157,599
6.8
+
19,119,420
12,437,018,041
33.2
+ 23.7
+
urui
.
■:
+
■211,599,086
,V.i+
Federal Reserve District—Dallas—
Eleventh
Texas—Austin
Beaumont
»■
Dallas
El
64,627,620
—
Houston
>
Port
-wf
...
446,693,243
3,801,281
23,788,312
(11 cities)
1,060,372,978
6,886,772
2,703,196
j—.
...
'
La.—Shreveport
108,331,000
3.6
3,912,674,965
:
+ 14.3
1,081,897,546
Falls
Wichita
Texarkana
,
529,258,392
+
...
.
2.1
3.8
3,970,610
2,352,578
97,177,000
96.592,000
+ 10.3
14,975,241
12,573,152
5.2
2,670,000
2,345,000
+ 11.1
-
■WWm ——
9.5
+
30,140,646 '
60,416,394
+.22.2
479,918,757
114,272,000
,
Total
;
i
3,482,435,776
.
32,516,686
50,383,110
sj
J
6.7
22,519,281
81^413^591
197,709,082
0.2
9,654,586,540
2,249,869
72,5357301
13*.0347346
i*93007)0O
2,994,000
i
+19.1
2,434,000
6.2
—
——
7.3
+ 19.9
1,135,912
—
6.2
170*9*2,443
4,985,715
1,460,909
+
2.0
5728*1*344
1,047,765
+ 19.9
{176,916,274
8,718,681,181
—
'
i
mmmmmmrn+frn
.
+12.4
—
18,788,327
+ 13.5
—
'
2,772,375
0.6
—
+11.5
—
+
11.8
5,084,809
>
'
f+
7
+ 68.8
TT-M
'
3,326,387
5,633,530
2,896,971
20,966,003
Arthur
384,730,349
+
13,950,000
462,851,151
—
+ 18.1
3,859,215,123
345,093,433
—
63,284,753
,
13,418,000
+ 18.1
92,513,510
66,628,185
4,225,540,370
+ 26.0
.
469,619/373
37,573,112
44,374,400
Worth
Galveston
109,216,340
74,049,721
—11.4
7,908,667
416,145,220
•» mmm
—15.4
10,045,507
9,122,697
...
*• mm
Paso
Ft.
f1.
12,654,329
—
«...—.—.......
«• — -m «• mom «• m«
,*■
...I
...
i
i
i
;
J
125,33^969
+ 10.7
4,460,000
,
120,484,357
4.0
+
106,188,099
92,016,935
»
tit/ i
.
..
.
Twelfth Federa! Reserve District—San Francisco—
3,857,^20
400,756,735
10,885,875
——
k
Seattle
Takima
■
4,250,787
417,675,568
11,675,015
Wash.—Bellingham
■
Ore.—Eugene
Portland
——
Ariz.—Phoenix
+ 22.5
11,765,419
—20.7
Berkeley...
13,013,960
2.9
41,456,412
9,665,963
-
9,325,850
17,500,760
5,848,129
100,932,112
350,075,110
73,958,962
V 192,412,843
56,836,704
10,171,986,543
234,110,739
*
Long
Beach
*
Pasadena
7,359,079
—/;—
Jose
Santa
'
—^
Total
—
—14.0
+
3.6
+ 37.5
+ 25.8
1,221,189,555
>•"
4.5
+
3,7
+ 32.1
30,331,779
9,076,928
23,639.460
5.0
.
77,172,828,
+ 11.3
8,643,269
21,244,389
183,306,227
+
3,314,056
+
+
+
12.7
■
—
2,838,755
ll
-•
"U
70,045,208
;
2,719,759
immmtm
mm mm
61,513,811
58,214,409
"+*5*7
65,*852*793
61,30*67607
25*^5*9*656
2.3
21,*3*84*569
"+*2*0*9
22,801,702
19,47*67332
+ 15.5
4.4
+ 14.5
230,478,463
95,654,898
114,857,437
331,782,598
64,804,803
150,965,177
50,443,133
9,559,909,243
190,261,955
67,803,769
154,604,348
—
fa. «»*•«»
2.0
''
MNWNlw
•'
—12.1
6,069,730
8,3*60*765
—*2*7*4
13,*125*276
4,145,555
2,833,102
+ 46.3
2,728,330
6.4
244^8*4,095
30.1
188,9387000
+ 20.9
6,545,763
187,922,633
5,025,810
1,612,626
3,714,498
+ 30.2
4,245,013
1,551/442
4,082,822
+
5.5
1
+ 14.1
+ 27.5
j 5',5*657598
2,173,012
+ 12.7
+
+15.2
itm*rnrn~
1,677,980
.
+ 18.6
*4,000,000
2,350,245,829
Outside New York
70,528,162
—
+ 25.5
2,266,199,837
+
3.7
18,887,832,376
17,763,522,318
6.3
428,307,716
46,715,357,261
44,225,312,337
+
5.6
406,996,931,695
366,039,290,148
+ 11.2
8,590,576,225
22440,948,880
+
1.6
189,674,742,980
179,395,074,840
+
5.7
3,829,812,032
—
(186 cities)
9.8
+ 28.3
78,357,993
2,583,174
22,489,509,756
(19 cities)
Grand Total
+
'
k
—
•
1,266,524,304
40,063,827
—
Barbara
Stockton
■
24,060,414
>
San Francisco
San
;
i
—
Riverside
.
Y
*
—
-
+ 18.3
70,697,070
943,026,875
93.714,010
35,661,986
-
'
—
>*'■'
4.3
6.7
+17.1
+
2,501,624,127
49,314,787
75,361,778
31,261,800
1.3
12,630,628
—
Modesto
4.9
23,908,870
117,265,341
29,277,656
+
Calif.—Bakersfleld
■
+
90,009,178
+ 28.0
3,482,000
314,939,807
6,627,012
112,236,669
—
3,057,781,099
76,833,395
66,891,844
24,917,000
2,558,430,634
56,934,104
984,919,993
263,827,145
310,913,830
...
7,837,397
Utah—Ogden
Bait Lake City
8.1
9,325,032
i
—
+
+
31,567,367
30,216,775
3,262.364,891
4.2
+
8,762,560
9,189,481
4,456,000
Ma.—Boise
/
9.9
—
+
+
>
+
8,019,368,904
4,059,879,781
7.7
+15.8
370,009,573
.
'
4.0
+
—
,
;
•
973,562
2,544,939
;
5.7
341,678,490
5,994,104,768
3,663,981,649
,■
376,692,295
7,656,992,213
7.1
+
171,222,000
3,651,472
.
3,108,665,428
-
•H&timated.
Dat®
1
Company and Issue—
Redemption Calls and Sinking Fond
1st mtge. 5s due 1959—
20-yr. 3% debentures due 1963
Louisiana Power <fc Light Co. 1st mtge. 3s due 1974
Litchfield & Madison Ry.,
Lofillard (P.) Co.,
Below will bfe found a list of corporate bonds, Rotes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak> ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
NOTICES
:
•
Company and issue—,
Cassco
Corp.
Central
3y2s
1st
Maine
due
Cincinnati
OF
Date
v
mtge.-6%
Power Co,
bonds_____
1st &
gen,
1972
&
TENDER
——Sep 20
RR.
1st
Sep 21
bonds—-
mtge.
Sep 29
Georgia, Southern & Florida Ry./ 5% debs, dated 1924..dct 1
Heller (Walter E.) & Co. 6Va% -preferred stock—«—.J5ep 27
Pittsburgh,
Cincinnati, Chicago
solidated mtge.
1164
mtge, series M
———
Muskingum
Page
& St. Louis Ry.
bonds, series "D" to "J," incl
1165
•
Pittsburgh,
Chicago
Cincinnati,
570
987
1172
355
461
1172
Louis RR. gen.
—-Oct
& St.
due 1975—
3%s, ser. E,
mtge.
1175
-tUjebem Theatres Corp. 1st mtge. 5s
.-Oct
S&fewa'y'Stores, Inc. 5% preferred stock————
Oct
Saint Paul Union Depot Co. 1st & ref. mtge. 3Vn%
bonds, series B, due 1971
—————Oct
Scheniey Distillers Corp., 5'/a% preferred stock
—-Oct
Sioux City Stock Yards Co., 1st mtge. 4s due 1951—-Oct
Southern Natural Gas Co., 1st mtge. pipe line
1176
—-—Oct
mtge. & collat. trust 3s due 1962—Oct
883
:
"bonds"' due- 1956—
United Gas Corp., 1st
United. Merchants & Manufacturers, Inc.
608
818
,,
Page
Date
.
Hoe
(R.) & Co., Inc.—
6J/2ft prior preferred
preferred
stock
1st
1170
-
due 2003
Unified
1170
1171
Oct
«
460
1
bonds due 1960——^
Jan. 1, *46
1st mtge. 6!/as——Oct
1
mtge. 4ft
460
Merchants Ice & Cold Storage Co.
461
Utilities Co.,
Nanaimo-Duncan
•
.988
fl
988
988
,
988
.
due
1213
Utilities,
Ltd.
1st mtge.
4 Via,
ser.
989
1,1
b -
1964
1173
Nashua Mfg. Co., 1st preferred stock—.
Nehi Corp. first preferred stock—.
Newberry (J. J.) Co., series "A" 5ft
ENTIRE ISSUES CALLED
782
1170
stock-—
Co.
611
—
672
*
——Sep 30
——Sep 30 v
pfd. stocks, ser. A and ser. B-i.—Dec
1
Lane Bryant, Inc. 7ft preferred stock————Nov 10
Louisville & Nashville RR. 1st & ref. mtge. 3%s, ser. E,
vV.;S'/,:,
7%
Howes Bros.
884
1030
457
•"• *
•
7-yr. 7ft collateral trust bonds—Oct .1
Monongahela West Penn Public Service Co.—
1 i,
6ft
debentures due
1965———
.—Sep 28
7ft preferred stock—————
Oct
1:
1st mtge. bonds, 4 Vs% sereis due 1960
—Oct '2
Morris Plan Corp. of America pfd. stock, series 1931—Oct "l
1213
5% pfd. stk.__Oct
353
Co.
Outdoor
Mexican
Walworth
29
Brush
$7 preferred stock
—-——Oct
1
Advertising Co. class "A" stock
—Oct
1
General Phoenix Corp., 5% convertible debentures
Sep 24
Grant (W. T.) Co., 5% preferred stockSep 17
Guantanamo Sugar Co. $8 cumulative preferred stock—Oct
T
716
con¬
Sep
Company and Issue—
Fuller
General
1176
University of Illinois, 3V*% Student-Faculty Union Bldg.
revenue
bonds —
—Oct
Co. 1st mtge. 4s due 1955
Oct
Windsor Gas Co., Ltd. 1st & ref. mtge. 5s due 1966
Nov
—
134
987
Maritime Electric Co., itd. gen. mtge. Byas dtie 1956—Oct
Maritime Elec. Co., Ltd. 4»/a% 1st mtge. bonds due 1956_Oct
Mayer.(Oscar) & Co., Inc. 3V*% debs, due 1958——Oct
'
-
Page
—Nov
Oct
Oct
——
—
preferred stock
Oct
Oct
/
T I
1 *
-Sep 24
989
*
989
.
New
American
20-year
Tobacco
3%
25-year
3'!»
Birmingham
,
Date
;
Page
Co.—
debentures
due
debentures
Electric
Co.,
1962—
due
Oct
1969
1st mtge.
15
-Oct
3s
15
1974__i—Oct
due
1
Central Maine Power Co., 1st & gen. mtge. Vh%
series H, due 1966—™
»■
876
132
Union Terminals
Distribution
due
Co.—
v
?
.
.
,
mtge. 5'/a%
1956
Terminal
Warehouse
Co.,
5%
—
mtge.
bonds
—Oct
——
Duiuth, Missabe & Iron Range Ry. 1st mtge. 3Vis
due
1962:'
——.i.—Oct
132
132
668
Hartford Electric Light Co. 3%
Home Telephone &
due 1967
Telegraph Co. 1st mtge. 3»4s,
ser.
r
1
982
1168
983
1170
A,
1171
570
Lincoln-Boyle Ice Co.
Oct
1172
series A
1162
Convertible
bonds
due
I960—
562
due
due
1952
Oil
Corp.,
1951
Cuban Telep. Co.
—
5%
15-yr.
:
4%
conv.
Mfg. Co. of Illinois, 7ft preferred stock——..i-Nov,
;
Rustless Iron & Steel Corp. 3 ft ft debs, due 1960
Sep 26 ;.
Louis Car Co. 1st mtge. bonds
—.—
Oct 31
451
r>-
779
46
17
11
Southern
»
,
New
England
1166
series
46
6ft
United
7
B
;
608
and
■r
561
Umpire Steel Corp., 1st mtge. 6ft conv. bonds, due 1948-Oct
1
133
6
mtge. 5ft
610
—
& ref.
610
Light Co.—
gold debenture bonds, series A,
States Leather Co.,
Wisconsin
781
6s
1
1948
due
1211
General
—_■•—*.—~_—Oct
due
debs,
bonds,
C
———Oct
mtge. 5ft bonds, series I
Dec
Pacific Ry. gen. & ret.
Upson Co. 7ft
Sep 17
conv.
3 Vift
———,———.—Oct
1968—^
Texas Power Ie
1st mtge. & collat. trust
1st mtge.
Co.
1211)
and
Texas ti
780
bonds, series A, due 1956—
Telephone
Springfield City Water Co. 1st mtge. 4s, ser. A, due
>>
1956
——————————Octf 1 '•*
1166
1
1,
*
1029
11
1966
981
1st mtge. conv. bonds due 1951—Jan
992
£00
1164
6
-Oct
3Va%
-
?*< •».
.? .<
1
—
817
395
Reliance
Socony-Vacuum Oil Co., Inc., 2% ft debs, due 1955—Nov
Southern Bell Tel. & Teleg. Co. 3 Vift debs, due 1962—Oct
Oct
debentures
—
—
395
881
—
130
^Cincinnati Street Ry.—
•".1st mtge. S% bonds, series B, due 1955-—.
Oct
1
1st mtge. 5!/a%
bonds, series A, due 1952
—Oct 15
Celotex Co. 12-year 3%% debentures due 1955——
Oct 13
Columbia Gas & Electric Corp., 25-yr. 5%
debenture
bonds
$313
_
St.
1
—D®c.,1
—
Atlanta, Birmingham & Coast RR. 5% pfd. stock
Jan. 1,
Bausch & Lomb Optical Co., conv. preferred stock
Sep
rRiaoklyrt Borough Gas Co. 1st mtge. 4s due 1965——Oct
California Water Service Co. 1st mtge. 4s, ser. B
— Nov
Empire Sheet & Tin Plate Co.
Oct
6s,
2
-Dec
1955—
1170
Hygrade Food Products Corp. 1st & ret. mtge. conv„
6% bonds, series A and series
B, due 1949—
1st mtge.
1162
Teleg. Co. 3lk% debs, due 1961_Oct
& ref. mtge. 5s & 4,/2s
———Oct
Eastern Gas & Fuel Associates,
Oct
1st mtge. 4s_—
1
1
.
—Nov
—
Houston Natural Gas Corp.,
1950
1949_Nov
1st
convertible bonds due
Consolidated
debentures due 2030—Oct
debs, due 1967——Oct
Corp.
1
^
982
>
Electric Power & Light
Corp., 5%
Power
.977
Oct
Atchison, Topeka & Santa Fe Ry.—
4%
Sep 24
—
1st
Arizona
due
980
bonds,
s.f. gold bonds, series A
.—Oct
1
\ 1st
mtge. 5% s.f. gold bonds, series B
Oct
1
1st mtge. 4^2% s.f. gold bonds, series C
.——Oct
1
Collins & Aikman Corp., 5% cdnv. pfd. stock
Nov 10
Curtis Publishing Co., 15-yr. 3% debentures due 1955—.Oct
1
Cleveland
Allied Products Corp., Class A convertible stock
American I. G. Chemical Corp., 5Va% debs, due
American Telephone &
Rage
Date
Company and Issue—
REDEMPTION
PARTIAL
Company and Issue—
York, Chicago & St. Louis RR.—
Toledo St. Louis te West. RR., 1st mtge. ds, due 1950_Oct £**''■
Portland Gen. Elec. Co. 1st & ref. mtge. 4Vis due 1960-Oct, 'l.
Pressed 8teel Car Co., Inc., 5ft debentures due 1951—-Sep 120 "
1st and 2nd preferred stocks—
Sep 24 .j
Pure Oil Co. 6% preferred stock
—
—Oct
i;
preferred stock
Fuel
Vis), ser. A,
&
due 2022
—July
7ft prior preference stock—Oct
Light Co.
1st mtge.
•Announcement in this issue.
.
.1213
(originally
5s
.■
Youngstown Sheet & Tube Co. preferred
1030
1
—Oct* 1
——
due
1, '47 32490
^
stock———Oct
1 In Volume 16L
1
1
1213
Monday, September 17, 1945'
CHRONICLE
COMMERCIAL & FINANCIAL
THE
.vwO'.
,
1320
Foreign Exchange Rales
'
■
ti^ngXly
world
of the Treasury the buying
record for the week just passed:
We give below a
'
Extra
Bank
Country and
Monetary Unit
Hydro-Electric
$
Argentine, peso—
.297733*
.251247*
pound
Brazil, cruzeiroAustralia,
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
'
Canada, dollar—
.909090
.909090
.909090
.895357
.894375
.569800*
.569800*
.569800*
.569800*
E.)
&
.020189
.301215
.301215
$1.25
.205780
Brainard
Steel
Bralorne
Mines,
,205780
Boston
.909090
.909090
.888125
.893125
3.219666
4.005000
4.005000
3.220000
3.219000
3.219333
4.005000
4.005000
4,005000
Co.
British
American
British
Columbia
6Yc
Ltd.
Sept. 5,
1945
1945
Assets—
certificates on hand
U. S. Treasury
Gold
•
1944
Increase (+) or
—1,025,050
17,000
—
17,220,815
700,617
+
18,639
17,921,432
+
1,639
R. notes...
230,151
+
■
preferred
and
Total reserves
212,412
+
+
80,705
Q. S. Government
50.867
—
4,612
457,224
Discounts and advances
341,329
+
153
—
2,853
for
73
+
U. S. Government
+
170,199
+
2,625,934
173,000
+
29,700
+
3,322,571
741,279
289,034
—
977,392
Bonds
securities
+6.400,750
+372,899
22,303,159
•)
23,268,236
and securities
Due from foreign banks—
F. R. notes of other banks
Uncollected items
Total loans
+
+
453,451
101,709
2,000,002
33,876
.
premises
63,242
Other assets-,
43,301.619
Total assets
6,735,012
;
—
110
+ 314,014.
—
,
+5.891,906
+780,544
—
^23,984,359
Federal Reserve notes
Deposits:
15,32f.740
acct.„
acct.__
Member bank—reserve
597,681
1,11*.520
Foreign
+
45,308
of indebtedness
Reserve with Federal Reserve
Cash in vault—
Balances with domestic banks
.'".fjf:-"
deposits-adjusted
J-
deposits—
Interbank deposits:
+
Deferred availability Items—_
1,591,940
+
10 393
+
+
282.042
Other liabs., lncl. accrd. dlvs.__.
554
73
+
173
—
778,713
+
5,805.673
171. R«6
+
52
+
12.247
+
40,056
+
43.602,619
1,779
+
780,544
+
200
+
27,165
124,395
33,730
+
5.891,906
deposit &
F. R. note liabilities combined
43.2%
—
—
.6%
—
9.4;%
—
233
+
System in
Reserve
member
101 leading
cities shows the following
principal changes for the week
ended Sept. 5: Decreases of $189,000,000 in holdings of
United States Government obligations and $751,000,000
in United States Government deposits, and an increase
of $345,000,000 in demand deposits adjusted.
Commercial, industrial, and agricultural loans in¬
creased $71,000,000 in New York City and $73,000,000 at
all reporting member banks.
Loans to 'brokers and
•dealers for purchasing or carrying United States Gov¬
ernment obligations declined $25,000,000 and other loans
for the same purpose declined $92,000,000, both largely
declared
:;
•
of indebtedness
a
new
109
in exchange for
Manufacturing
class
Carriers & General
Celotex
5Ye
Payable
6Yc
+
797
4.10%
Crystal Sugar 6% pfd. (quar.)
Felt 6%
preferred (quar.)
Fruit Growers (quar.)
Hard Rubber common (quar.),
$3p6,000,000 at all reporting member banks, and the de¬
in holdings of United States Government bonds
was $408,000,000.
Holdings of Treasury notes declined
$63,000,000 in New York City and $75,000,000 at all re¬
porting member banks.
deposits adjusted increased $282,000,000 in
and $345,000,000 at all reporting member
banks.
Time deposits increased $45,000,000.
United
States Governemnt deposits declined in all districts.
Demand
New York City
Deposits credited to domestic banks increased in near¬
the total increase at all reporting
member banks was $137,000,000.
(quar.)
City
Ampco
Colonial
Co.,
Colonial
preferred
preferred
$6
$7
218
6%
23
+
266
Art
&
Athey-Truss
Atlantic
10-
1
$2
10-
1
10-
1
9-21
12 Vic
10-31
10-10
10-31
10-10
25c
10-
1
37 Vic
10-
1
& Light
$5
9-20
$49.50
10-
1
9-20
9-21
9-10
15c
(quar.)
quar.)
quar.)
1
10-10*
11-
1
10-10"
1
9-25
10-
10c
(quar.)
$1.50
1010-
9-11
1
25 3/5c
8
(qu^r.)
A
9-15
11-
15c
preferred
9-20
1
9-29
15c
(increased
9-il
9-18
$6
Ohio Electric—
$1.50
10-
1
9-15
$1.63
11-
1
10-15
75c
(accum.)
.
10-31,
11-15
(Hartford)—
10-
1
9-14 V
25c
10-
1
9-24 l\
$3.50
10-
1
9-24
$1.25
Goods,
7Yo
11-
1
of Rec
7Ye
prior
Corn
25c
10-10
9-21
$1.81
9-21
9-12
9-26
31 %c
Power
&
Trust
&
Paper
(N.
(quar.)
(quar.)_*
Y.)
Machine
&
preferred
com.
&
Wheat
Corp.
10-
15c
10-
1
9-15
12-
1
10-31
10-
5
9-20
9-30
9-20
10-
9-15
1
9-15
10-20
9-23
10-15*
10-
A
Class
B
Crystal
Seal
Ltd.
Co.,
(quar.)-
———_
Steel
Detroit
A
Dravo
Oilcloth
6Ye
Corp.
Duff-Norton
Eastern
$2
preferred
Lines,
Edison
Brothers
1')-
Electrical
4»/4%
partic.
3
9-19
9-14
Elizabethtown
9-29
9-14
Emerson
10-
1
9-20
10-
1
9-20
1
9-21
10-
9-20
9-20
v
9-15
1
9-10
9-29
10-10
10-30
10-31
10-
10-31
10-
9-29
9-10
Finance
(irreg.)
__
(quar.)
$1.75
10-
1
9-15
Fisher
9-
1
6
1
9-21
10-
1
9-21
1
10-
1
9-15
•'
9-25
9-17
25c
quar.)
$1.06%
(initial
50c
(quar.)
Consolidated
Gas
9-25
9-17
1
8-31
9-29
9-22
10-
10-
1
9-20
10-
1
9-21
25c
9-29
10-
1
10-
5
9-21
9-29
9-15
25c
(auar.)_
50c
.
Trust
(N.
of
Y.
(quar.)
Pennsylvania
(quar.)
N.
10-
1
9-15
9-21
9-15
9-
3
10-
1
9-22 r
$6
10-
1
9-29
10-
1
9-13
10-
1
9-13
$20
10-
1
9-13
$1.25
10-
1
Co..
40c
10-
1
9-15
(quar.)
+50c
10-25
9-29
15C
10-31
10^13
10-31
10-13
Bank
Brothers
10-
1
9-17
Formica
10-
1
9-21
Fraser
9-20
Insulation
Froedtert
Ltd.
Co.'s
Grain
Common
Gannett
$5
&
(New
York)
preferred
Malting,
$2
(quar.)
(quar.)
com.,
(special)
__/
(quarterly)
Co.,
class B
conv.
pfd.
'
25c
Y.)
$3
of
Co.
National
•-
9-21 /
75c
£37y2c
Co
Bank
9-20
9-17
$1.75
(quar.)
&
1
9-29
20c
common—
(N. Y.)
(quar.)
Canadian Corp
Bank
10-
$1.25
(quar.)
(quar.)
Manufacturing,
Co.
&
80C
(quar.)
Corp.
Extra
(quar.)
9-17
1 "
9-20
10-
10c
(quar.)
Ltd.
Co.
Avenue
First
1
25c
20c
Consolidated
Rubber
(Fred)
Fifth
'10-
9-29
J25c
(quar.)
Fund
Battery
Players
Federation
9-20
9-29
50C
common-:.
(quar.)
Trust,
Stores
Products
Faultless
10-
Inc.,
preferred
Electric
Trust
62 Vic
9-25
9-29
40c
(quar.)
preferred
Empire
Famous
J
9-17 t
9-20
Stores—
Storage
9-29
7%
Stock
Fund
Grocery
Electric
1
9-29
75c
(quar.)
preferred
Investment
Economy
9-15
1
9-17
9-29
9-30
t30c
(quar.)
(quar.)
preferred
Howard
&
9-13
9-29
v
1
Products—
convertible
1
10-
9-10
noc
Linoleum
&
Steamship
Steel
10-
10-
12-18
25c
Manufacturing
convertible
10-1
50c
10-
12-31
$30c
Products—,
—
10- 1
25c
10-16
$2
50c
class
$2
(quar.)
Extra
$1.50
my2c
9-20
'
$1.50
.
9-22
$1.20
50c
Mines, Ltd
9-20
50c
9-21
10-15'
9-20
Balanced
9-14*
1
10c
Economic
1
1
10-
11-15
20c
Electric
5%
10-
9-18
10-
r:
9-13
1
Delta
9-20
20c
1
10-
Dejay Stores, Inc
9-29
:
9-17
10-
15c
Stores
Faxon
Eastern
25c
1
30c
Corp.
9-20
25c
9-18
•
30c
(accum.)
(quar.)
Curtiss-Wright
9-?0
10-10
»-» o
10-
30c
Co.
Danahy
9-29
1
9-18
9-18
}50c
(quar.)
(quar.)__
(quar.)
Tissue
9-29
11-
9-14
1
9-28
& Forster Insurance Shares-
Crum
10-31
75c
10-
2
9-28
$1
Mfg. 6Ye prior pfd.
Forster, common (quar.)
preferred
Dome
1
9-10
25c
40c
(quar.)
9-19
*25c
9-25
12ViC
Overall
&
11-16
87y2c
common
preferred (quar.)
Coronet Phosphate Co
8Yo
1
Trust
3Vi%
&
11-
12-
50C
Corning Glass Works,
Cork
20c
$1.75'
Bank
(quar.)
of
50c
9-28
11-15
$1.75
Co.,
(quar.)
National
Exchange
(Phila.l
Class
9-10
50c
com
(quar.)
Continental Gas & Electric Corp.—
Crum
1
Corp.,
preferred
Crown
Payable
Inc.—
(quar.)_
Foundry
prior
Crown
Holdert
Aircraft
Water
Continental
of New York,
(quar.)
Vultee
Bank
Continental
common
(s-a)
preferred
9-15
(quar.)—,.
pfd. (quar.)—
10-
$1.25
-
(increased
A
preferred
Dry
Consolidated
1
Wheel -Co
$1.02 y2
$5
preferred
10-
Plan Corp. 7%
9-15
9-20
1
15c
Insurance
preferred
Cream
When
10c
Co..
9-15
10-
Corp.—
Fire
Consolidated
Co.—
Electric
9-15
,
9-25
■
$1.50
Hegeman
9-22
1
prior pfd._
Corp. 6Ye
(Boston)
5Yo
7%
Gas
$1.50
(quar.)
9-19
10-
(quar.)
preferred (quar.)__
Consolidated
■■■>
9-21
-
32 Vic
(quar.)
com.
Quarterly
Electric—
City Fire Insurance
Thrift
1
$1.25
(quar.)
preferred
Concord
Metal Construction Co,
Atlas
10-
(quar.)
common
class
Utilities
6Vi%
—
"
Arrow-Hart
1
75c
(quar.)
Columbus & Southern
1,090
Fear
&
(quar.)
Power
9-
1
25c
common
Stores
50c
preferred
Works
Metal, Inc.—
Arkansas
v
Water
preferred
$6
(monthly)
(quar.)
$2 preference
9-29
10-
12'/2c
A
cumulative
+
Investment Co. of Illinois—
convertible
5%
10-15
payment clears all arrears
Stores
+
$1.75
American Home Products
American
9-19
(quar.)
Chesapeake Camp Corp., common
5 Yc
preferred (quar.)___
Cincinnati Union Stockyards
3
—
—
preferred (quar.)
American
1
(quar.)
common
Products
above
The
25c
Coach & Body
American
crease
10-
Co
preferred
Certain-teed
Eaton
series of 1928
l/32nd share of class
American
7%
31 Vic
(quar.)
Central Illinois Electric & Gas,
+ 137
div.
American
American
9-19
(quar.)—,
Electric
Century
75c
common—
Govern¬
American
1
(quar.)
preferred
$1.31 y4
Co.,
opt.
in cash or
10-
5c
Telegraph
Central Fibre Products,
25c
(quar.)
Corp.
stock
B
9-10
31 Vic
+$1.50
Corp.
Corporation,
preferred
Dominion
(quar.)
A
1
$37y2C
Loan
Cities Power & Light Corp.—
conv.
10-
(quar.)
(quar.)
Carolina Power & Light $5 preferred
15c
American
9-13
18c
(quar.)„
B
Hobbing Machine Co.
40c
preferred
9-13
1
Corp.—
Collateral
$2.50
Extra
5V4 %
1
(quar.)
Cleveland
—
—
Brake Shoe
9-29
10-
(quar.)
1,896
$5
Corp
Petroleum
Amerada
American
1
Ltd.—
3,016
10c
(irreg.)
(accum.)—
preferred
Stores
10-
10-
(quar.)
Co.,
+
25c
maturing
holdings in most districts; the net
of certificates of indebtedness was
preferred
+
$3Uc
(quar.)
Canton & Youngstown Ry.—
preferred
(quar.)
5%
9-19
1*
t!5c
45
40c
Akron,
Allied
9-30
9-21
$1.12 Vi
345
—751
Share
Brass
5%
9-19
$1.50
+
Miscellaneous Companies
Name of Company
Co.
9-19
9-30
9-20
10-
Inc.—
+
"*1
Akron
series of Treasury
certificates of indebtedness and United States
ly all districts and
+
this week are:
ment bonds called for redemption, there were substan¬
these
9
11,101
Agnew-Surpass Shoe Stores (quar.)
Ainsworth
Manufacturing Corp
$3
As the result of the issue of
in
+
Atlantic Sugar
Insurance
Aetna
9-30
preferred
$3
+
■
I
25c
$1.75
Products
A
Connecticut
Refining—
Participating preferred A (initial quar.)__
Addressograph-Multigraph Corp
Aeolian Co. 6%
preferred A (irreg.)
Aetna Ball & Roller Bearing Co.
(quar.)___
in New York City.
shifts
989
46
—
376
+
46
—
+
569
The condition statement of weekly reporting
tial
1
+
separate table?. In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
Which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Acadia
increase in holdings
588
51
—
Per
certificates
5,320
Dividends are grouped in two
^ Industrial and
Federal
1,966
+
—408
DIVIDENDS
Condition Statement of Member Banks
1
10-15
.
Consolidated Edison Co.
The dividends announced
4,611
the
+
75
—
499
deposit accounts except
S.
Gov't accounts,
during week
Indus-
trial loans
of
—
U.
1,260
+
10-
50c
.__
preferred Series
preferred
1,080
362
40,436
+
228,153
Total liabilities & cap. accts._
banks
—1,463
12
302
1,803,168
43,051,010
make
+
11
64,437
—
+$1.50
1
87 Vic
Co
Fairbanks-Morse
Canadian Silk
9,792
—.
and
1
10-
Corp
(quar.)
convertible
$1.25
Total liabilities
Capital Accounts—
Capital paid In
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
5Ye
7%
450.809
17,464.318
Total deposits
interbank
7
57
+
38,485
9,009
11,032
—
U. S. Government
227,817
+
29,662
—
,
Time deposits
291.739
9-25
10-
Co.,
Co.—
H.i
non-conv.
6%
Liabilities—
Demand
1,802.653
"
423,377
1
+
10,061
540
2,133
Banks
Foreign banks
+
20,598
56
+
3
-
+
11
3,333
Obligations guaranteed by U. S. Government
Other securities
'
,
Borrowings
Debits to demand
—
-i 293,331
614
4*
24,845
-
4,041,681
+
+ 148.414
—
217
+
1,451
10,502
9,373
:
Domestic banks
+
+
+
—
Liabilities—
U. 8. Treasurer—gen.
2
92
—
1,507
397
1.059
134
1,479
obligations
Treasury bills
652
3,808
—
1,003
+
13,960
—
1
—
21,106
+
5,826
+
26
582
—
Treasury notes
U.S. bonds
9-21
25C
Gas
&
(quar.)
Carolina Telephone &
Other loans
Treasury certificates
(lncl. guar, sec.)
+
25
—
carrying:
Loans to banks
+
9-20
9-29
*1.50
(s-a)
Power
Newspapers,
class
9-20
10-15
50c
Burry Biscuit Corp. 75c prior pfd.
$1.50
10-
Capital Administration Co., Ltd—
Real estate loans
+
1,317,150
69
9-20
1
10-15
common
preferred
Canadian
9-20
9-20
10-
32 Vic
preferred (quar.)
Building Products, Ltd. (quar.)
Bullock's, Inc. (special)
6Ye
1,418
818
Other securities
6.741,561
Notes
to
+
obligations
Other loans for purchasing or
7,067
—
13.272.056
Certificates
Commitments
6,055
pur¬
Other securities
Bills
Ratio of gold res. to
+1,777
—
Industrial loans
U. 8. Govt, securities:
Bank
26
chasing or carrying:-
Other cash
Total U. S. Govt,
+
———,
dealers
6,899
+
■-12,867
——
9-20
9-30
25c
preferred (quar.)_
5Yc
$
—164
62,382
;
————
brokers
to
Co.,
L.)
(P.
8-31
1
9-28
21 V|C
Co
Trust
7 Ye
9-18
9-29
JO-
$1
A—
Assurance
County
3y2%
1
20c
(quar.)
Electric
(E.
Butler
1944
$
$
..
loans—
Loans
794,899
—
Since
Sept. 6,
Decrease (—)
Assets—
10-
$4
6Ye
(In millions of dollars)
and Investments—total
Loans—total
—
9-15
S2
<quar.)_____
Street Investing
Brush-Moore
Commercial, Industrial, and agricultural
and
due from
Redemption fund—F.
of reporting
member banks follows:-.
Loans
10-1
12 Vic
preferred
1st
.561250*
(—) Since
Sept. 13,
Sept. 12,
9-10
75fc
(accum.)
(quar.)
Manufacturing
.658300*
Decrease
9-15
9-24
.561250*
Increase ( + ) or
9-10
9-15
9-15
.658300*
Aug. 29,
1945
9-17
2 Vic
1
.561250*
1945
1
Kluge,
&
.658300*
Sept. 5,
9-17
$1.50
10-
9-22
.561250*
thousands of dollars)
1
9-25
Bruce
(In
9-20
10-
10-15
$1.30
•Nominal rate.
.
9-10
9-28
$1.75
—
15c
Bronx
1
9-15
9-15
10c
(quar.)
(quar.)
Broad
V
1
?20c
.658300*
of the assets and liabilities
10-
(quar.)
.561250*
summary
9-15
J25c
(quar.)
.658300*
A
1
40c
Common
Briggs
Statement of Condition of the 12 Federal
Reserve Banks Combined
9-20
10-
Ltd.
.561250*
Noncontroiled
9-21
1
Corp.
.658300*
Uruguay, peso—
11
10-
Inc. (quar.)___
Brantford Cordage Co., Ltd.—
3.220000
4.005000
9-21
10-
>•; $1
$50c
^
Worsted Mills class
preferred
(quar.)
Brandtjen
.895000
.839375
.891666
.897708
3.220000
9-30
25c
68% c
'
f—
preferred
Warehouse
Storage
Botany
.909090
.909090
.909090
9-21
RR.____.
Insurance
Boston
.301215
.205780
1
10c
pfd.
$3
Albany
.301215
.205780
$3.50
_
(quar.)
Co.
.020189
.205780
9-20*
10-
Borg Warner Corp._
Boston
.909090
pound
(F.
.020189
.301215
1
■
Inc.
4.025000
.205780
Zealand, pound
Union of South Africa,
Son,
.020189
.301215
Free
&
1
10-
—
___'
A—
Co..:
4.024687
Mexico, peso
New
Machine
10-
10-20
25c
,
4.025000
4.024218
.020189
Newfoundland, dollar-
class
9-22
9-30
2 Vic
.897500
.020189
sterling
(.British), rupee
India
.909090
4.023750
9-22
.051802*
■
.909090
4.024687
2
(quar.)
common
Birmingham Electric $7
$6 preferred
(quar.)
Bishop Oil Co. (quar.)
.060602*
"
.569800*
.569800*
Colombia, peso
10-
20c
(quar.)
B
Bird
.251247*
.890714
.909090
.892812
Y.)
Y.)
Corp.—
Brothers
Bird
3.207123
.051802*
9-22
5c
-
15c
(N.
(quar.)____
Works
Iron
Booth
.900468
England, pound
France, franc
.297733*
.060602*
.051802*
9-20
2
——
Co.
(N.
Corp.,
preferred
Class
1
.060602*
Bros.
Beatty
$
"
3.206823
3.207156
3.206456
3.206085
3.207156
Sept. 13
.251247*
.251247*
1
10-
•
.297733*
.297733*
.297733*
V .251247*
.297733*
.251247*
$
Manhattan
Ye
5 Yz
Sept. 12
$
$
s
10-
12 Yz C
(quar.)—
Bank of New York
Bath
Sept. 11
Sept. 10
Sept. 8
Sept. 7
9-20
37 VzC
i
_
___
Corp.
of
Barker
United States Money
In
Value
1
^
Transfers In New York
Buying Rate for Cable
10-
(quar.)_i
—
Bangor
Noon
Co.
ol Ree.
50c
common
preferred (quar.)
Bancohio
BT^EO^^RES^V^BANE^TREASnRr ONDEB TARIFF ACT OF 1930
CERTIFIED
EXCHANGE RATE3*
FOREIGN
& Sons,
Backstay Welt
countries of the
rate for cable transfers in the different
tL ^ecreta^
to
8%
the Federal Reserve Bank is now cer-
Tariff Act of 1930,
S22 of the
cprtion
m
.
F.)
(B.
Avery
Payable
Share
Company
Holdery
Wnen
Per
Name of
(quar.)
25c
$1.50
10-
1
9-19
9-13
.Volume 162
Number-4421
THE COMMERCIAL &
FINANCIAL CHRONICLE
Per
Name of Company
Packing
<quar.)___y:___„__.l
Co.
General Controls
Co.
67®
of Ree.
Name of Company
9-18
9-28
9-18
;10-25
; 9-21
Tubes
Common
9-15
■
9-12
10-
1
9-19
10c
10-
1
9-21
$1.13
Mo-
l
9-21
50c
_______
21 Vic
9-20
87 %c
(quar.)__
9-15
9-
9-15
9-
25c
9-26
i62c
10-
1
1
preferred A
62 %c
10-10
10-1
Extra
"7c
8c
9-29
9-29
9-12
10c
9-29
9-12
7c
9-29
9-12
;
shares
Extra
Aviation
shares
Extra
9-29
9-29
Chemical
shares
4c
Extra
Food
9-29
9-29
Bond
Industrial
Extra
i
Machinery
Investing
9-29
shares
;
Bond
shares
(extra)
9-29
10c
Extra
S:
_
9-29
•'
7
Merchandising
9-29
5c
Extra
shares.
Railroad
Bond
.____
9-12
9-29
6c
9-29
Equipment
shares.—
4c
9-29
7
9-12
4c
Railroad
9-29
9-12
3c
i 9-29
9-12
Stock..—
7c
Steel: sharqs___
Tobacco
shares
shares_^__-__^_____________
Co.
(quar.)___-_
Investment
Trust
9-29
(Hartford)
Guardian Rail Shares
55c
40c
7%
(Walter
E.)
'preferred
■
Henkel-Clauss
Holmes
(H.
(N.
&
Howe
Sound
Co.,
com.
(quar.)____
30c
(Increased)
40c
7% preferred A_—_____
1st preferred B
Humberstone Shoe (irreg. )_•.;_____v_—
Hummel-Ross Fibre Corp., common—
preferred
(quar.)
6%:
preferred
Hydraulic
(quar.)—;
comr
••
1
J$1.25
,10c
20c
(quar.)
9-
5
(qu8r,)___
9-
5
37
*
H.)
(C.
&
Founders
t83/4C
11-
1
10-
25c
12-
1
11-15
9-26
9-12
10-
9-15
81'Ac-
10-
9-15
75c
10-
9-15
$1.75
10-
9-15
$1.50
pfd.
10-
9-15
50c
(quar.)
10-
9-20
(quar.)
$1.50
(initial)___
Co.
10-
9-20
50c
10-
9-15
_
(quar.)
15C
9-15
9-
$1.75
9-28
9-14
25c
9-28
9-14
$1
(quar.)
9-28
9-14
tl7c
10-15
9-20
shares
Publishing Co.
(Ottawa)
(initial)__
(E.) Sons 57*
pfd. (quar.)____
City Southern Railway Co.—
preferred
Kansas Gas & Electric 77*
pfd. <quar.)__
$6 preferred
(quar.)_
Kansas
6272c
.
Natural
Gas
Co.,
$1.75
10-
1
9-14
$1.50
10-
1
9-14
Inc.—
Lake
_I_
Gold
Bryant.
Inc.
Mines
?%
$1.25
10-
9-15
50c
10-
9-14
10-
9-21
J2c
11-
9-28
<s-a»
40c
—
(quar.)___
preferred
1
9-20
10-
1
9-17
A
(quar.)
75c
1_
:_
30c
Stores
Corp. (quar.)
Lipe Rollway Corp.. class A (quar.)
Louisville Gas & Electric
pfd.
(Del.)
9-29
10-15
9-29
10-
9-24
8
10-15
9-28
12 V2c
9-30
9-15
25c
(quar.)
_
9-29
10-15
|
25c
(quar.)
Lipton (Thomas J.) Inc., 67*
Loew's, Inc. (quar.)
10-15
8c
37 V2C
37
%c
9-30
10-
9-15
1
9-18
9-29
9-21
—
Sharon
,
t$1.3772
10-
1
9-15
10-
$1
Steel
Sinclair
Smith
$6
Oil
(L.
Corp.
C.)
&
Southern
Mobile
&
Class
9-29
B
Electric
Stores,
9-21
1
9-21
10-
70c
RR.
Pr.
$1.75
10-
1
$1.50
10-
1
1
Twist
Drill
Light
6%
&
9-20
10-
10-
.
1
lM
10-
V
9-29
9-29
&
&
10-
I
t*
9-15
lOc
9-28
9-29
9-21
1
7
9-15
;
American
Alliance
$1
10-
1
$2
9-
10-15
10-
1
(quar.)_
11-
1
10-20
9-15
jq.
g-27
(quar.)__
1
25c
pfd.
67®
<quar.)_
1
10-
1
9-17
$1.25
10-
1
$3
10-
1
9-20
5c
10-
1
9-20
10-
1
9-20
$1.75
10-
1
9-20
9-11
$1.50
8-31
quar.)
&
67®
A
3c
10-15
9-28
9-18
9-15
9-29
9-
5
11-15
50c
10-
1
9-17
10-
1
9-17
10-
4
10-15
10-15
9-29
10-
1
9-15
10-15
9-29
10-10
9-21
10-10
9-21
9-29
11-15
9-29
20c
8772c
9-14
11-
9-29
10-
1
9-25
1
9-20
'
*
9-15
9-14
9-18
9-26
$$3.25
10- 1
$1
SI.75
9-15
9- 6
9-15
9-
9-21
9-15»
6
10-
1
9-18
:i'405/ec
10-
1
9-20
9-29
9-14
10-
1
9-20
10-1
9-20
10-
1
9-20
10-
1
9-15
t$1.50
10-
1
9-17
10-
1
9-21
10c
Hoe,
1st
(monthly)
(monthly)
68 %C
10- I
9-10
10-
1
9-
4
10-
1
9-
4
'
9-15
9-29
9-24
10-
1
9-14
25c
12-15
ll-3»
10-15
9-29
$1.50
.
Co.,
9-20
10-
1
10-
1
25c
(quar.)
Locomotive
(s-a)__
10-
1
25c
10-
1
8-31
10-
1
8-31
10-
1
9-
6*
10-
1
9-
6*
35c
common
$1.75
(quar.)_
preferred
8-
1
$1.50
(quar.)
Extra
American
1
10r
(quar.)_ $1.18%
pfd.
common
(Newark, N. J.)
10-
12»/2C
$1.50
Co.
(quar.)
preferred
American Insurance
7%
10-15
$1.12%
:—
common
Felt
&
American Hardware
American Machine &
Metals
25c
10-
1
9-20
9-29
9-22
(quar.)
pfd. (quar.)
Co., 77® pfd. (accum.)
Serv.
& Standard
9-20
9-20
,
9-14
9-10
10c
Mill
Rolling
convertible
4'/27®
10-
1
9-15
12-
5
8-31
9-29
8-24
10-15
9-14
Co.—
preferred
$1.12%
(quar.)
15c
American States
9-13
1
9-13
9-30
9-15
10-
25c
10-
1
9-
8
$1.75
10-
2
9-
5*
12 %C
"
Insurance
(Indianapolis)—
Co
American Stores
9-14
1
10-
30c
preferred (quar.)
American Stamping Co.
10-
_Sl-50
67®
10-19
50c
$1.50
American Seal-Kap Corp. of Delaware
Snuff Co., common
(quar.)
American
Sugar Refining, 77® pld. (quar.)—
American Superpower Corp.—
1st
$6
40c
Sanitary—
Common
American
preferred (accum.)__
American Telephone & Telegraph (quar.)___
$7.50
$2.25
1
9-29
10-15
9-15
9-11
9-17
American
$1.37%
10-
1
9-20
American
$1.50
10-
1
9-10
Thermometer, $5.50 pfd. (quar.)_
Tobacco, 67® preferred (quar.)—
Anaconda
Copper Mining
Anchor Hocking Glas3 Corp., common
$4
Anchor Post
67®
Copper
Power
$6
Oil
Fuel
Arkansas
Natural
Armour
$6
& Co.
prior
Asbestos
non-cum.
Co.,
Associates
57®
&
11-
10-15
Autocar
1
10-15
One
11-
1
10-15
shares of
Ltd.
9-25
1-21
9-
5
10-
1
9-20
10-
1
9-20
9-21
15c
9-20
9-15
15c
9-28
9-15
Refining,
Company
of 5%
10-
1
9-10
common
Co.,
common
9-10
9-30
9-
1
tlOc
9-30
9-
1
10c
9-26
9-17
50c
(quar.)—
9-21
J20c
(quar.)
Investment
share
1-31-46
12%c
preferred (quar.)
Birmingham & Coast 5% pfd
conv. pfd. A (quar.)
11-
10-22
$1.50
(accum.)
Corp
Atlanta
50c
1
$3.37
preferred
pfd. (quar.)
6% pfd. (accum.)—
;
Oil
11-
25c
6%
Fxtrn
Ashland
9-21
$1.75
Gas
preferred
Corp.,
5
1
(111.)—
Constable
Arnold
8-31
10-
10-
25C
preferred (quar.)
Arizona
10-15
$1.50
6% pfd. (quar.)
(quar.)
Co
Mining
Apex Electric Manufacturing, common—;
77®
9-26
15c
$1.50
Fence Co.,
preferred
Andes
50c
$1
preferred
53c
1
9-29
4
'
58Vbc
!—
9-29
#1.12%
(quar.)
preferred
2nd
$6
9-15
$1.50
of
Atlnntir Pefinine Co.. 47*
(monthly)
9-ai*
Corp.—
series)
American
93%c
50c
^—
9-21*
1
Radiator
$1.50
pfd. (quar.)
(Detroit)
$6
2
10-
American
9-21
9-13*
10-
$3
$1.75 >
9-20
5873c
(quar.)_
1
12-15
272c
pfd.
10-
9-29
5c
Hair
Arkansas
6%
7*
$1.75
$1.75
$1.50
Co
X9-
$1.75
25c
(accum.)_
7*
1
Optical Co,
50c
(quar.)
9-
10-
Public
50c
(quar.)
pfd.
__
1
Paper Goods, 77®
50c
preferred
(quar,)__
10-
American
1
"•> 9-20
10-15
10-15
20c
American
10-
9-13
25c
American
9-17
9-15
9-13
.
9-27'
9-17
1
.+ 10c
"_
1
i
9-29
10-
«
(quar.)
'
3
,8-14*
/■', 9-14.
9-27
80c
9-22
$2
•__
t
1
$1.50
(s-a)
5c
10-
1
1010-
•
30c
*
9-10*
.
75c
—
Quarterly
ctfs.
10-
75c
'
1
9-29
9-12
$1.25
$2.50
$1
9-29
9-12
1-2-46
11-
1
*
10-
5
(stock dividend)
conv. pfd, for each ten
common
held—
■
7*
9-
11-1
10-
10c
Co
10-
5c
25c
Co
$1.50
9-18
25c
Platinum
9-11
1
$3c
com._
1
9-28
i
10-
15c
Typewriters,
10-
50c
40c
$1.3772
25c
__
div,
(opt.
preference
American
9-12
$1.25
Telephone
4»/27®
9-11
(quar.)
A
Fork
American
9-18
75c
if-—
20c
<quar.)__
(quar.)_
American Gas & Electric 4%%
(s-a)
common
Y.)
(N.
Co., common
preferred B (initial quar.)—
American Express Co. (quar.)—
9-22
$1
1
57®
9-22
1
iquar.)
pfd.
Inc.
1010-
10-
$
$4.50
35c
7
9-
9-13
1
Cyanamid Co.; common (quar.)__ •i:• 25c
12V2C
preference
(quar.)____^..
American District Telegraph
Co, <N. J.)—
'"V 57® preferred (quar.)v$1.25
j.
American European Securities Co.—
9-30
10-15
7
9-20
1
9-20
20c
1936.
l/16th share of Class B stock—_
Cash or
10-20
20c
10-
'
8
9-
10-
American
9-17
$1.50
Insur.
Note
9-
15c
.'
Cities Power & Light
Class
$2.75
9-17
1
J25c
(quar.)
American
9-15
'9-29
2 Vac
7
10-11
9-29
$1.50
7
9-
,10-
,
Foundry common (irreg,)
preferred
(quar.)
Cigarette & Cigar—
preferred (quar.)
67®
9-25
10-
$3
9-
1011-
American
9-21"'
30c
9-15
9-20
10-
1
preferred (quar.)—_—
American Can Co., 77®
preferred
7%
8-31
10-
$1.50
American Car &
1
4
$1.25
6%
9-20
9-
9-22
1
43 %c
Asphalt Roof Corp.
American Bank
1
1
9-30..
10-
-
t—
American
9-15
4
40c
common
9-20
317»c
preferred
Mfg.
9-18
V10-
9-
.
9-14
1
10-
t$l,25
9-28
9-15 '
1
10-
8%c
(quar.)
10-1
9-14
10-
S
$1.75
-—
25c
1
9-14
10-
Equipment (quar.)
Dye Corp. (quar.)
Inc
Extra
10-
1
9-15
9-25,
$1.25
—
Amalgamated Leather 67® conv. pfd. (accum.)
Amalgamated Sugar (quar.)—
American Agricultural Chemical (quar.)
9-14
15c
6
9-29
■
t$1.75
(s-a)
iquar.)_
preferred
6
9-
X10-15
30C
Products Corp., class A
57*
9-
10-
9-29;
75c
Aluminum Goods
40c
,1
12 Vac
Manufacturing Co., common
Alluminum Co. of America, 67® pfd iquar.)_
Aluminum Co. of Canada, Ltd.—
9-17
of Reo.
9-29
20c
(quar.)
Allis-Chalmers
9-28
10-15
Co.
Holder•
Payable
$1
Laboratories,
Common
9-22
v
When
>
40c
(quar.)
common.
Power
Electric
Allied
9-22
common
37®
(quar.)
preferred
5
9-
Companies
(quar.)
Bearing
Allied Chemical
9-20
9-29
10-15
37c
Fund,
$6
Y.)
Allen
9-11
Railways—
pieferred
prior
prior
1
9-
9-15
Share
& Vicksbuvg Ry. Co.
Allegheny Ludlum Steel Corp
(Dayton, Ohio)—
trust
1st
Miscellaneous
Alabama
1
(quar.)
&
and
Co. class A- (quar.)
Co., $7 preferred (quar.)
$6 preferred
(quar.)
$5 preferred (quar)
9-20
;
$1.50
Corp.,
Union
prior
N.
9-20
1
$1.25
50c
common
Co.
Co.
9-25
preferred
Alabama
9-20
+10c
Corp.,
30-15
62'/2C
9-15
$1.3710-
Laboratories,
Ahlberg
1
Co.
Investment
1,
1
10-10
37 y2c
9-11
Traders
6.36%
9-21
1
50c
9-17
1
10-
«ll%c
l$1.25
9-17
10-16
10-1
$2
7%
pfd. (monthly)
(monthly)
(monthly)
i
Toronto Mortgage (Ontario) (quar.)
9-25
1
10-
6272c
preferred
Tri-Continental
10-
11-
20c
Standard Engineering, 5% pfd. (quar.)
Agnew-Surpass Shoe Stores, 7 7® pfd. (quar.)
Agricultural Insurance Co. (Watertown,
9-19
11-
93%c
preferred
Union
t25c
125c
Aetna
.
.
6%
9-25
9-15
$1.50
Mining
Finance
1
$1.50
Supply Mfg. Co. class A (quar.)
Casualty & Security Co
Aetna Life Insurance Co, (quar.)—
9-22
v
Ltd.—
Edison
9-25
Aetna
10-
(quar.)
Co.
Clark
Service
9-21
10-
Aero
9-22
1
9-29
93%c
5%
25c
1
10-1
$1.25
common
Standard
37 ViC
10-
35c
(Ohio)—
convertible
(quar.)
9-24
10-
Life Assurance (Canada)
(quar.)__—
Terry Steam Turbine Co., common (quar.)__
7%
preferred (quar.)
77*
1
56c
Sun
Thrift
10-15
75c
Name of Company
(quar.)_
Adams
(J. D.)
Manufacturing
Advance
Aluminum Castings
1772c
(quar.)
Texas
9-21
50c
give the dividends announced In previout
we
,
47®
(quar.)__._
Sundstrand Machine Tool
United
10-
1
(puar.)
com.
stock
Signal
9-30
15c
11-20
10-
Steel
Toledo
1
50c
Products Engineering
(quar.)
Sterling Drug. Inc. 3727® pfd. (initial
672%
12-
(quar.)__
preferred
(quar.)
(L. S.) Co.
Submarine
9-21
75c
Per
,
,
Abbott
&
(quar.)
Co.
9-24
9-28
x.
Industrial
V
9-18
10-
$1.75
,
Corona
Ohio
Oil
9-17
50c
preceding table.
9-18
Mo-
(quar.)
Co.
England
Works,
preferred
Starrett
9-29
12c
.
3%% preferred A (initial quar.)
Standard Radio, Ltd. class A
(quar.)
5%
Below
9-15
Railway Co.—
Standard
11-29
9-25
10-15
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the
9-18
$5
(quar.)
67®
Gold
12-15
$1.12V2
9-21
9-29
50c
(quar.)
New
11-29
10-16*
1
1
6272c
General,
American
Southern
1
10-
25c>';
Corp., 80c pfd.
&
(quar.)
$1.3174
preferred
Corp.,
preferred
South
11-
10-
$1.50
Sheep Creek Gold Mines
(quar.)
9-20
$1.25
Sicks
Class
B
(quar.)_
(quar.)
Seattle Brewing &
Malting (yearly)
Signal Royalties Co. class A (quar.)
Class A
•
11-15
Allied
$5
preferred
(quar.)
Shawmut Association
(quar.)
Tlntic
11-10
50c
_________
B
(quar.)
preferred (quar.)
Lehman Corporation
(quar.)
8-31
10-
$1.94
Class
preferred
9-15
$1
3772c
6%
convertible
9-15
$1.75
Langendorf United Bakeries class
$1
10-
(quar.)
Kittanning Telephone
Lerner
9-20
9-29
<quar.)__
Ltd.
preferred
Kresge Dept. Stores 4% 1st pfd.
Lambert Company (quar.)
Lane
1
15c
Kaynee Co. 7%
Kirkland
10-
1
10-15
50c
Common
$5 preferred
(quar.)
Kaufman (Charles A.)
Corp.
Stanley
%>
Kansas-Nebraska
Electric
9-20
12-15
(quar.$25c
Co., common
30c
& Co., $6 preferred
(quar.)
Combing Corp. (Canada)
iquar.)
Wrisley (A. B.) Co. (quar.)
11-15
3
2
$1.75
Security
87 %C
3
12-
10-
$1.18%
preferred
Atlanta
Ltd.
9-10
1
1
$1.18%
(quar.)_
(quar.)
Title Bldg. $7 pfd. (accum.)
Selected Indus. Inc. $5.50
prior pfd. (quar.)
Shamrock Oil & Gas___i
9-20
Power—
i
com.
$6 preferred (quar.)
$7 preferred
2
26c
&
Savannah
2
Kahn's
4
Savannah
9-15
10-
Jenkins Brothers 7% preferred
Common non-voting
Journal
1
1
(accum.)
Mfg.
E.)
Securities
9-29
10-
1
Island Creek Coal Co., common
$6 preferred
(quar.)—
(E.
9-15
50c
10-
Light 7%
preferred (quar.)
Jacobs
Scudder Stevens &
11-
Power &
Jamieson
9-22
50c
preferred A (accum.)
6%% preferred B (accum.)
6%
9-22
t$1.75
7%
C
1
9-29
(quar.)
Inc.
Light &
preferred
9-28
10-
(irreg.)
Corporation
Mutual,
Electric
9-15
?75c
12-
9-20
$1
(quar.)
(quar.)
50c
Ltd
10-
$1.25
Safety Car Heating & Lighting Co., Inc.—
Quarterly
10-31
$1.14 72
9-29
10-10
10-
Power
Wilson
15c
%c
(quar.)
common
Wool
337sc
preferred
20c
W„
preferred
Wilsil,
9-20
9-20
Sulphite & Paper Co.—
preferred
&
Quarterly
^'Western Union Telegraph Co., class A
Wheeling & Lake Erie Ry. (quar.)
1
(quar.)__
(Hartford)
Quarterly
Ritter Company,
Inc.,
9-18
9-15
Investors
Inter-City Baking Co.,
Iowa
9-18
9-29
(quar.)
Co.
Regent Knitting Mills
Reliable Fire Insurance Co.
11-16
9-20
G.
9-10
9-29
t$1.25
t$l
(quar.)_—
Western Electric Co., Inc. (quar.)_
Western Pipe & Steel Foundry (Cal.)—
1
$1.50
Inc., common
Co.
Railroad Employees
9-14
1
9-29
4*
Penn
10-
$1
(quar.)
7%
convertible
57®
Inter-Ocean Securities Corp. 4% pfd. (s-a)
Interlake Steamship Co.
(irreg.)
International Nickel Co. of Canada, Ltd.—
7 7c
preferred
(quar.)
77®
preferred ($5 par) (quar.)
6%
9-29
12-
9-15
$1.50
.
Industrial Rayon Corp., common
$4.50 preferred A (quar.)
Intertype
8
Co.,
Radio-Keith-Orpheum
Manufacturing Co.—
preferred
Investors
10-
9-15
10-
1
preferred
4j/2%
10-
25c
6 7*
1
10-18
Puget Sound Pulp & Timber,
9-21
1
12-
10-
$2
preferred
Pocahontas
Huron
1
10-
4%
non-cumulative preferred
(quar.)
Procter & Gamble 87®
preferred iquar.)_._
Providence Gas Co.
(irreg.)
:
5
10c
Press
Incorporated
Iowa
9-29
12-
$2.50
Common
6%
9-
9-15
'
37'/2c
(quar.)
Scale
Creek
Port
9-21
9-15
10-
$1.3772
RR.
Plume & Atwood Mfg.
Pond
9-15
9-28
$2,916
$1.50
—
Humphreys Manufacturing Co.,
10-1
,
9-18
(increased)
(quar.)
Pollack's Inc., 6%
9-14
30c
preferred
Pneumatic
9-20
1
12c
6%
r
9-19
1
10-
1
(quar.)—
Transit—
9-29
10-
30c
10- 1
$1,0674
(quar.)
Service,
non-cumulative
Phoenix Insurance
9-19
$1.50
-
B
(quar.)—
574%: preferred
9-14
9-29
$1.37%
Howes Brothers
$1.50
8-31
10- 1
9-18
Holding Corp.—
preferred
Phillips Packing
9-17
15c
.
$6 preferred (quar.)_
Company (initial quar.)
Inc.
(irreg.)..
Co.
1
9-15
1
$1
(Hiram)
$1.62'/2
9-18
class
(accum.)_
57*
9-21
10-
50c
________
(quar.)___
Rapid
10- 1
25c
(quar.)
9-15
30c
10-
9-20
Colony Insurance Co.
67®
9-19
25C
■y
25c
9-19
Pennsylvania Co. for Insurances on Lives
Granting Annuities (quar.)
Pennsylvania Forge Corp
Permutit Company (irreg.)
Philadelphia Suburban Transportation—
9-15
1
9-25
1
(increased)
9-15
9-29
9-15
9-28
Pacific Can Co. (quar.)
Pacific Gas & Electric
(quar.)
Pacific Tel. & Tel., common
9-15
'
Y.)__:
Holophane Co.,
Honeymead Products Co.
Honolulu
1
10-
$1.50
Co.
D.)
1
10-
40c
*
;
Co.l
Hartford Fire Insurance Co.
■"
Old
Investment Trust—
Insurance
Chemical
10-
10-1
10- 1
10-1
Northern
Service
$5
—
Non-cumulative series I preferred (irreg.)
Guilford Realty Co. 6%
pfd; (accum.)i___
Hamilton Manufacturing Co.—
t; Class A participating preferred——
Fire
1 /-
Walker
75c
& Rosario Mining (interim)
Co., 3%7® pfd. (init. quar.)
Greyhound Lines—
$3.75 preferred (quar.)_
Northwest'n Leather, $2.50 conv.
pfd, (irreg.)
Norwich & Worcester
RR., 87® pfd. (quar.)
Ohio Public Service
Co., 77® pfd. (quar.)__
67® preferred (quar.)___
5727* 1st preferred iquar.)
5% preferred
(quar.)
Ohio
9-12
10-
9-18
25c
Northland
9-12
9-29
20c
,
Heller
9-12
9-12
4C
$1.50 preferred (accum.)
Guardian Public Utilities Investment Trust—
Preferred \ (irreg.)
_■
Hanover
9-29
9-29
-:v
6c
Watch
Harshaw
9-12
4C
Extra
Gruen
9-12
9-29
4c
Extra
Utilities
Guardian
9-12
y 9-29
6c
—
9-29
4c
.
Extra
$6.50 preferred (quar.)
Viau, Ltd., 57® preferred (quar.)
$1
Y., Honduras
Newberry (J. J.)
•
.Extra
9-20
Stamping
preferred
Public
9-29
.'
common
Co.—
N.
9-12
.»
Orleans
9-21
15c
9-20
(accum.)
4%7® ..preferred
9-18
9-25
West
9-24
9-29
A
9-29
de
9-29
15c
class
60c
pfd. (quar.)
Kamp's Holland Dutch Bakers,
Inc.,
,
9-2*
I5c'
*
10-15
9-29
9-20
9-29
■
,
9-29
30c
1
9-18
10-31
$1.5d
'>10-
5
50c
9-25
75c
9-18
10-
25c
9-20
50c
10- 5
Steel
1
$1.50
9-20
62>/2c
$1.50
9
Van
1
37V2c
Securities—
10-
50c
Insurance Co.
Power Association—
preferred
"
(quar.)_
(accum.)_^.».l.___-__-__'
Utah-Idaho Sugar,
■
10-
Pictures- Co.. (quar.)
Universal
9-10
9-20
50c
.1
(quar.)
preferred
10-
(quar.)
Fire
London
New
9-12
9-29
$2
1st
7c
;j;20c
57®
preferred
International
&
12 72c
(quar.)
preferred
New
9-12
9-29
5c
—
15c :
Railroad
England
9-12
_______
Extra
V
9-29
4c
shares_—
New
9-12
___
■w_—
England
1st
S.
$5
$1.22Vi
(quar.)
Haven)
Products
Nelman-Marcus
6%
9-20
&
prior preferred
New
U.
J' 9-24
(quar.)
preferred
$6
/
9-20
1
Foreign Securities—
30c
,
(quar.)
57*
9-12
9-29
5c
Petroleum
;
9-29
3c
shares,
25c
lc
Co.
&
Universal-Cyclops
ic
67*
9-12
10c
Extra
Mining
9-29
l,
50c
Refining Co., 87® ftfd. ((quar.)
Screw Manufacturing Co.__
Supply Co., $2 pref. (accum.)
,
9-12
shares
10-
25c
National
9-12
17c
.
9-29
7. $1.50
75c
Food
National
9-12
3c
9-22
25c
Enameling
National
9-12
Low Price shares
9-20
;
Mining & Develop.
Candy
9-12
>
_________________
National
9-12
9-29
9-20
1
1
Corp
Oil
National
9-12
10c
;
1
10-
(quar.)
(New
Products
Diablo
10-
10-
(quar.)
(quar.)__.._
Bank
National
9-12
8c
shares
Company
'v
9-29
7c
_;
Institutional
:
9-29
50c
7
50c
Co._
preferred
Common
9-12
10c
shares!—
U. S.
Extra
9-12
9-29
9-
Quarterly
9-12
9-29
10c
ji
■
General
v
9-29
5c
9-29
;! $6.25
Murphy (G. C.) Co. 43A7® pfd. (quar.):
Murphy Paint Co., Ltd. 572% pref. (quar.)
9-12
lie
shares
Extra
Motor
9-12
4c
1
Administered
9-22
>
of Bee*
10-15
10-
$1
Publishers, common____
preferred (quar.)_.___
convertible
Payable
10c
&
50c
Y,):
(quar.)_
Service
Plan
Mount
9-12
5c
Fully
4.90%
9-12
Shares
Extra
-
9-29 !.'5
9-29
10c
shares
Copper
Gas
Morris
9-12
9-29
.
10c
6c
Equipment
& Co.
$2
(quar.)_____~__.L___
Co.
$1.25
Molybdenum Corp. of America
9-12
Extra
Electrical
(quar.)
Printers
9-26
______—___________
Miami
9-12
9-29
8c
Extra
(N.
Fruit
United
Bolder*,
When
Share
$1.3174
—
Mobile
9-12
5c
10c
,
Building shares
9-29
"j
Co.—
Trust
preferred
Extra
9-12
.
i
—
47i 7*
9-12
5c
Extra
9-29
10-15
Name ol Company
„
United
United Shoe Machinery Corp. com.
67®
preferred
(quar.)
Marlin-Rockwell Corp. (reduced)
Marshall-Wells 67® preferred
McKee (A. G.) & Co., class B
(quar.)
McQuay-Norris Manufacturings com. (quar.)
9-20
9-29
—
Midland
Mead Johnson
Group Securities, Inc.—
Agricultural shares
':;.X
10- 1
Railroad
"
preferred
Marine
y 9-10
i$3.75
Central
10-15
.•
^
9-29
"
(quar.)____
Electric (quar.)_
&
Per
of Rec.
'
$1.25
preferred
Gas
Holder•
10-25
31'/4c"
(quar.)
Co., coni. (quar.)__
(quar.)___________________
Maracaibo Oil Exploration
(increased)
Merchants Bank (N. Y.)
(quar.)
9-29
93 %c
(quar.)
Quarterly;;
Automobile
Lynn
67®
9-15
Grant (W. T.) Co. 3%% preferred
(initial)
Great West Life Assurance
(Winnipeg)—>
par)
Payable
377aC
5% preferred ($100 par) (quar.)
Luzerne County Gas & Electric
Corp.—
9-15
10-
($25
When
Share
/y-.yy
common_„._"
(Ky.)
prior preferred (quar.)______________
Mansfield Tire St Rubber
1
$62 y2c
Elec.
67c
-.Graham-Paige Motors Corp.—
5%
preferred
Maine
5
(Canada)—
(quar.)
&
Publications, Inc., common
$1.50 participating
preferred_______
Mahoning Coal RR
9-14
.
Gas
Macfadden
9-20
15c
Co.
.
9-10
1 v
10-
10c
(quar.)
preferred
V
$1.25
Gerber
Tire St Rubber
57*
57a7®
$4.50
preferred A
Products (irreg.)
Gilbert (A. C.) Co. $3.50
preferred
Globe Hoist
Globe
Knitting Works___.
Louisville
9-20
,
9-28
-J-./
1
Corp, (irreg.)
General Printing Ink
Corp., common
Steel
9-29
15c
r———i
General Gas & Electric
Corp-—
$5 prior preferred
(quar.)
General Machinery
Goodyear
:
37 %c
(quar.
(quar.)
Electric Co._
General
5%
Per
Payable
50c
40c
pfd.
Common
Globe
Holden
When
Share
V
Garlock
—♦
10-22
9-20
r
Per
:y '1
.-p:i-'/■'l'.".:J=;"^'.v.-■'PeT
iName of Company
•; Share
Bolder»
When
1
oj See.
Payable
Share
Name of Company
of N. Y., com. (quar.)„
1%
preferred (quar.)
7% preferred (quar.)
_
Dewey & Almy Chemical, $4.25 pfd. iquar.)
preferred (quar.)
-
Champion Paper & Fibre—
Extra
50c
1
9-24
35c
9-29
Dixie
9-29
1
75C
$1
Dow Chemical Co.,
1
10-
1
$4
preferred
Common
Co.—
Machine
Class
(interim)-
(quar.)
preferred
Ferries,
Household
(quar.)
10-15
10-15
preferred ' (quar.)—'
50c
Credit Co., common
(quar.)—
$1.06 7e
47k7o preferred (quar.)
10c
Commercial Shearing & Stamping
Commonwealth
$6
9-29
&
Water
$6
1
'
preferred
preferred
Extra
—__—
10- 1
9-29
Co.
$4.75
Consolidated
Film
$2 preferred
12-31
12-24
Consolidated
(Ball.)—
90C
—
Press,
:
Extra'.-
8%
—————
Retail
Inc.,
Stores,
common—
Steel
Consolidated
50c
Ltd.,
Corp.,
preferred
(quar.)
(Toronto,
10-1
0-1$
10-10
9-20
9-20
—
25c
9-29
Traction C6._————
25c
9-26
9-20
20c
10- 1
preferred
Continental
$$2
(quar.)—
Power, $4.50 preferred
$5
(quar.)
10-
1
10-
1
$1.12 72
$1.25
(quar.)
Assur.
Co.
(Chgo.,
(quar.)
111.)
Continental
Gin
Continental
Motors
Continental
Oil
Fibre
(resumed)
——
10-
40c
(Del.)__
25c
Continental Steel Corp.
(irregular)
Telephone Co.—
partic. preferred (quar.)
672 7c
Food
1
9-24
1
:
25c
Garfinckel
12'/2c
"
50c
.
25c
Zellerbach
Crucible Steel
5%
conv.
Crum
&
Crystal
Co.
Corp.,
of
class A
common
Forster,
Tissue
preferred
Atlantic
&
Extra
Port
(quar.)
Class
87c
RR.
Co.—
Decker
(Alfred)
(s-a)
&
Cohn
Hudson
Delaware Power &
De
9-15
9-10
$35c
$1.75
,
30c
25c
common
& Film
9-15
9-15
9-15
S-29
10- 1
10- 1
10-19
10- 1
9-29
9-29
——^
9-1*. •
9-15
9-15
9-29
9? 1"
9- 1*
9-29
10c
10- 1
10- 1
9-20
75c
10- 1
$1.12'/2
10- 1
10- 1
9-20
9-20
10- 1
9-24
9-24
9-10
$1
10c
$2
10- 1
/
$1.25
62/2G
i— —.——
Corp., class A
—
—_——
1
87'/2c
!
9-20
10-
9-29
9-29
10-
/
'
—
-
(quar.)
9- 1*
9-10
9-21
•
8-30
8-30
8
1
9-16
General
9-16
General
9-29
9-15
General
10-10
9-30
67c
9-29
9-15
General
General
Light Co., common.
9-25
9-10
$1
9-20
25c
10-31
8-28
10- 1
$1
9-29
9-10
$1.50
10-
1
9-20
25c
10-
1
9-20
-
.
preferred (quar.)—
General
Corp.,
Signal,
(quar.)—
Co,
Telephone Corp.,
11-10
25c
10-15
10-15
10- 1
10- 2
^
>
i
„
common
—
:
common
(quar.)_
:
$1-25
10- 1
$1.50
—
Corp. common—
(quar.)—•
Tire & Rubber Co., com. (quar.)—
preferred (quar.)
preferred
4j/2%
.•—
Refractories
preferred (quar.)
General Time Instruments
General
11*25
■
—
:
::
$5
Railway
preferred
$2.50
$6
^04
——
preferred <quar.)_
Outdoor Advertising 6% pfd. (quar.)
Paint Corp. $2.67 preferred (quar.)
Motors
S-10
11-10
17zC
25c
pfd. A (s-a)
L—5c
Co., 17c pfd. (quar.)—
$1.75
General Mills, Inc.—
57c
9-15
10- 1
11-25
5c
57c
General Instrument Corp
9-15
37»/2c
'i£
General Fireproofing
9-20
9-
——
(quar.)
(quar.)
Extra
10-2
$1
(quar.)
Co.
(quaf.)——'
preferred B (s-a).
Common
7
9-21
30c
preferred
(quar.)
————_
Long Hook & Eye (quar.)
4%
9-
25c
(quar.)
Deisel-Wemmer-Gilbert
Delaware
1
10-1
" 10- 1
25c
Deep Rock Oil
-
Aniline
B
preferred
35c
Inc.
&
25c
6%
11- 5
11-15
10-
$25c
A
Dayton & Michigan RR., common
8%
preferred
(quar.)
Records,
75c
37y2C
$1.75
(quar.)
(quar.)
Davison Chemical Corp. (quar.)
Decca
cl. A
—————
General Finance Corp.
—
12M/C (
class
9-20
Manufacturing Co., class A
General Box Co.
——
Clinton
Frere
—5c
(quar.)
37V2c
25c
General Baking Co.—
Sugar Co.
Co. 7%
preferred
preferred
10-1
preferred
Quarterly
General
(s-a)___
&
10- 110- 1
9-20
10c
15c
Inc.—
(quar.)
:
General Industries 57c
preferred (quar.)—
General American Transportation Corp.—
common
Publishing Co. $4 prior pfd. (quar.)_
Darling Stores Corp., 67c preferred (quar.)
Davenport Hosiery Mills, Inc., common
7%
$1.50
preferred
$4.50
(quar.)—
Curtis
David
Co.,
&
9-15
,
9-24
General American Investors Co.,
25c
iquar.)
Cudahy Packing
6%
preferred
Culver
40 c
America—
87c
Co.
preferred
Cuban
(accum.)
(quar.)
(Julius)
9-17
9-17
9-29
10- 1
Corp. (quar.)
of Canada (quar.)
Co.
Garrett Corporation
Gemmer
preferred (quar.)
Cuban-American Sugar Co.,
17c
,
$1&0
(quar.)—
Crown Cork International,
10- 1
10- 1
25c
40c
(quar.)——__
343,sc
Gatineau Power Co., common (quar.)-——?20c
57« preferred
(quar.)
t$1.25
5727c preferred
(quar.)
—$$1.37
5%%'
,
(quar.)—
Publishing
Wheeler
11-20
12- 1
50c
>
.
(quar.)——,75c
pfd.
6%
Co.
^
IIV2C
——
Fuller Brush Co., 7% preferred-——Gair (Robert) 67c preferred (quar.)
$1.31 y4
(quar.)
Extra
Crown
Foster
Foundation
12>/2c
preferred
9- 7
9-19
_
Corp.—
Kleiser
&
.
Crompton & Knowles Loom Works—
6%
10-17
10- 1
9-29
(quar.)_
A
class
Co.,
Machinery
Foster
Company, common (quar.)
Creameries of America, Inc. (quar.)
Crowell-Collier
10-25
62!/2c
$1.75
preferred (quar.)——
Fort Pitt Brewing Co
—
Electric—
$5.25 preferred A
25c
$1.18%
6%
Crane
10-17
(quar.)—
Foreign Light & Power—
67c 1st preferred (quar.)
Foremost Dairies, common
Cooper-Bessemer Corp., common
$3 prior preferred (quar.)
Cornell-Dubilier
9-21
9-25
9-20
10-25
»
I Forbes'& Wallace, $3 class A
(quar.)
preferred
___
——-
(quar.)_i———
B
Class
Continental
17c
Shoe
Florsheim
;
9-28
10-
;
Ltd.—
(quar.)
preferred
7%
10- 1
9-17
20c
25c
20c.
25c
10-10
9- 5
9-12
9- 8
Fitzsimmons Stores,
1
10-
;
(quar.)--
preferred
9-17
10-15
'
9-29
$1.90
50c
Co
Corp
Co.
1
10- 1
93 %c
43A%
9-29
-
10c
$1.75
First National Stores, Inc. (quar.)—_—
First State
Pawners Society
(quar.)
10-
10c
Baking $5.50 preferred (initial)
Continental Can Co., $3.75 preferred (quar.)
Continental
Continental-Diamond
30c
10- 1
9-15
9-17
8-22
-
Dyeing—
&
(quar.)
Fidelity Fund, Inc. (quar.)__
Fiduciary Trust Co. of New York
Filene's iWm.) Sons Co., common
10- 1
43%c
Consumers
Co.
Cleaning
Enamel Corp.-
Ferro
75c
Smelting—
Truck Co..——
Motors
preferred
7%
Inc
Shops
United
Fenton
1
10
Bake
Federal
9-29
25c
common
Ont.)
Gas
(Syricuse,
10- 1
•
$1.75
12-19
*
35c
10- 1
$2
Consumers
'
9-10
^9-29
12-20 '
.
$1.25
$2.50
Federal Mining &
10- 1
683/<c
(quar.)
$2.75 preferred (quar.)
."
11.25
37V2C
/Federal Light &
10- 1
15c
preferred
* '
.
L-
Federal
1
10- i
25c
(irreg.)
(quar.)
Ltd., class A
——
Consolidated
10-
$1
$1.12'/a
(Boston)
Trust
Invest.
Consolidated
10- 5
10- 5
10- 1
9-21
65c
10- 1
9-10
15c
• 9-17
9- 7 (s
25c/ 10-15^7 9-11/j
3c
10-1
9-17 •
20c
10- 1
9-8 ;
37y2c
1.0- 1
9- 8
37$2c
10- 1
.9-8
37&C
9-29
9-15
—_—
Quarterly
(accum.).
——...
g 9-19 f
Fedders Manufacturing Co——
—J—Federal Insurance Co. of N. J. (quar.)-—
.
(quar.)
—
preferred C (quar.)
preferred B (quar.)
9-13
25c
—
Farmers & Traders Life Insurance
Industries—
472%
11-1$
$1.25
12- 1
$2.50
10- 3
12»/2c
9-29
30c
10-15
\;
10c-.; 10-15
—
preferred (quar.
pteferfed (quar.)
$5
$5
*
47c
—
—
■■
Fanny Farmer Candy Shops (quar.)
Pansteel Metallurgical Corp.—
*
common
Common
(s-a)
American Railway
(quar.)
Inc.
'<
"
t
>
(quar.)
North
&
9-20
9-20"
9-14
9-14 *
9-14
9- 5 !
1 '
1
1
1
9-15
10101010-
OC
-
..
9-10'
9-10
10- 1
$1.37V2
$1.50
...
—
...
Family Finance, common
$1.50 conv. preferred A (quar.)
$1.50 conv. preferred B (qUar.)_
(quar.).,—
Consolidated Gas Elec. Lt. & Pow.
9-21
9-21 !.
„
preferred
(quar.)
—_1!
Connecticut Light & Power Co
Consolidated Bakeries of Canada, Ltd. (quar.)
Cigar Corp.,
preferred (quar.)
10- 1
10- 1
(quar.)
_
(quar.)
Exolon Company
i.!!
Fairchild Aviation, Ltd, (resumed)—,
Fal£taff Brewing Corp., 67c pfd. (s-a)
9-29
$$1.50
Biscuit
56V4C
I—
(quar.)—
common
5%
preferred
Ex-Cell-O Corp.
9-11
9-11
10- 1
$1.75
m.50
Consolidated
" 9-15'
9-21 ;
—
$3
Consolidated
10- 1
10- 1
Products- Co.;u....—
Evans
Coke Securities—>
&
Gas
9-10
50c
40c
'
Quarterly
Quarterly ; --ii—
.
Corp.,
■
European
Confederation Life Assn. (Toronto)—
Connecticut
10- 1
9-11
9-30
(s-a)___
preferred
57c
il.50
Tquar.)__
10c
.
preferred
Eversharp,
(quar.)—
$7
10-1
10-1
preferred (quar.)
Erie Railroad Co.—
Light—
$6
30c
preferred (quar.)—
(quar.)
$5.50
9-28
10-
preferred (payment is proposed to be
made 28 days after the date of the SEC
order to the holders of preferred stock
at the close
of business on the 14th
Commonwealth
—
$3.50
75c
47c
preferred (quar.)
__—si
Engineers Public Service $5 pfd. (quar.)—
$1.25
Evt.rrt
day after date of such order) _
Commonwealth Water, 5>/2% pfd. (quar.)
60c
30c
—
Johnson
Endicott
9-29
6c
(Del.)
$1.12V2
(quar.)
preferred
17c
Corp.—
Southern
&
-
com.
Capwell Co., common
preferred (quar.)—
4'/27c
9-21
t5c
Commercial
Co.
10-1
_
(quar.)—
(quar.)
common
Emporium
200%
67o
9-29
10- 1
9- 1!
9-17
9-17
' '-V:
9-14!
9-17
25c
62y2c
quar.)_
Assoc.,
Einerson Drug, 8%
110c
Investment
15c
25c
(quar.)
Realty
Preferred
—
Commonwealth
$1.50
(Texas)—
Co.
preferred
Embassy
common (quar.)_
Ltd.,
9-14
9-20
9-18
9-15
75c
Co
(quar.)
pfd.
6%
Utilities
Extra—
Alcohols
10- 1
10- 1
9-29
10- 1
I2V2C
8c
75c
—
—
(initial
preferred
$4.50
(irregular)
—
Columbian Carbon Co. (quar.)
Two additional shares to holders of each
shares
9- 5!
9-15
9-15 I
9-10
(increased)
El Paso Natural Gas Co.,
Pictures
Commercial
10- 1
9-29
9-29
9-30
Manufacturing
&
Inc.,
El Paso Electric
—
Participating
Columbia
9-5
$1.50
12V2c
„
Controller
57a
(quar.)
$1 partic. preferred
10- 1
class A_
B
Electric
——
Columbia Baking Co., common
9-15
9-15 >
$1.50
Elgin National Watch Co.._^
Elliott Company, common (quar.)
Colgate-Palmolive-Peet—
New $3.50 preferred
(Initial quar.)
Colonial Ice Co. $7 pfd. (quar.)
$6
10- 1
10- 1
(quar.)__
Electric
(s-a)
Ltd.
Co.,
9-29
$1.12V2
75c
Co., common
Electric
Coca-Cola International Corp
Plow
25c
.■>
10-10
9-15
9-10
-
10-25
10-15
$1.1272
$1.25
(quar.)—
(accum.)
Ecuadorian Corp., Ltd.:
Electric
Auto-Lite
Co.
7%
Cockshutt
9-15
9-20
Sulphur Co. (quar.)
Associates—
preferred
6%
—
Peabody & Co., common
preferred (quar.)
Coca-Cola Co, (quar.)
10- 1
10- 1
•••
preferred (quar.)
Easy Washing Machine Corp.,
Cluett,
75c
prior preferred
Eastman Kodak
(quar.)
$1.75
$1.12Va
<quar.)_
preferred
(quar.)_
preferred
6 7*
(extra)
Chemical Co.
Clorox
75c
SI
$1.75
75c
:
de Nemours & Co.—
I.)
Texas
*4Va^
Works, 17c pfd. (quar.)
(quar.)—
Clinton Water
10-2
9-5
9-14
10-15
10- 1
• 10-15 • 10- 1
■ 10- 1 ■ • 9*20 s
10- 1
9-1
... 10- 1
9-15
11-1
10- 1
10-15
Eastern Gas & Fuel
preferred
Climax
(E.
Duval
preferred (quar.)—
(quar.)
Molybdenum Co.
9-27
.,
4y2%
Duquesne Light 57c
Cleveland Electric Illuminating, common
$4.50
10-15
—
'
$4.50 preferred
(quar.)
City of Paris Dry Goods Co.—
17c 2nd preferred (s-a)
Clearing
9-30
9-10
9-27
10- 1
$$1.75
common—
Bradstreet,
&
Dun
City Ice & Fuel Co.——-—-———
City Investing Co. 5'/2%
10-15
$$1.75
••
—
10-15
preferred A
duPont
Supply
10-31
10- 1
9-28
pfd. 1 quar.)
t$1.37y2
(quar.)—.—i—,
$$1.25
(quar.):
Dow Drug 7% preferred (quar.)
Draper Corporation (quar.)__
Duke Power Co., 7%
preferred (quar.)
(quar.)
Wholesale
i
(quar.)...
9-28
11- 1
44c
?35c
$$1.25
iquar.)_
common
Textile, common
preferred (quar.)
17c
10-
$1.25
Ltd.,
Dominion
10-15
25c
preferred
17c
9-20
$1.75
Co.,
2* ft
9-17
"10-10
10-10
9-10
9-14
3-1-46
Dominion Tar & Chemical, 5'/2%
9-29
$1.75
75c
common
Glass
ot See.
11-20
10- 1
12-24
10- 6
10- l
12-24
10-20'
25c
t$1.25
25c
62y2c
25c
—
<quar.)__
(quar.)
Dominion
10- 1
10-1
62'/2c
pfd.
5%
Corp.
Dominion Dairies, Ltd.—
57c non-cumulative preferred
(quar.)
Dominion Foundries & Steel, Ltd. (quar.)—
10- 1
10-
(s-a)
(quar.)
Doehler-Jarvis
9-28
15c
50c
Co.,
Cup
Class A
f*2'/2C
30c
Motor Car
Distillers Corp.-Seagrams,
9-24
25c
T
Holder!
12- 1
*
preferred
participating
6%
Diamond
1
$1
——.—-----—
preferred
67c
10-
Diamond Match Co.—
10-1
75C
Flexible Shaft
Great Western, 57c pfd. (accum.) —
Mail Order (quar.)—
Mill & Lumber (quar.)——.—
Chicago Pneumatic Tool, common
$2.50 prior preferred (quar.)—_—
$3 preferred (quar.)
Chicago Towel Co., common
$1 preferred
(quar.)_
Chtckasha Cotton Oil (quar.)
7 7c
preferred (quar.)„;
—
Cincinnati Gas & Elec., 5% pfd. A <quar.)_
Cincinnati New Orl. & Texas Pac. Ry. Co.—
57c preferred (quar.)
Cincinnati & Sub. Bell Tel. Co. (quar.)—
Citizens Water (Washington, Pa.)—
17c
10-
45c
Chicago
Chicago
Chicago
Chicago
Citizens
10- 1
$1.12 72
preferred (initial quar.)—;
Chapman Valve Manufacturing (quar.)
Chemical Bank & Trust (N. Y.) (quar )_—
Chesapeake & Ohio Ry. Co. (quar.)
Chesebrough Manufacuring (quar.)—:
;
$4.50
; When
Payable
75c
$1.75
$1.75
S1.06V4
Dentists Supply Co.
Service Corp.—
Central Vermont Public
4.15%
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
10-1
20c
40c
9-27
9-2/
10- 1
$1.25 / 11-1
$1.50
11-15
67c
10- 1
25c
10- 1
62V2c
10-1
10- 1
9-20
9-15
.
^-10
10- 8
11-1
9-14
9-11
9-11
9- 5
9-14
9-15
25c
10- 1
9-17
$1.06V4
10-_1
9-17
9-25
25c
$1.06l/4
■
9-15
9-29
9-19
Per
Name of Company
.Georgia Power $5 preferred
6%
preferred
(quar.)
Glens
Palls
Insurance
preferred
Co.
(N.
Y.)
(quar.)_
$4.50
Gold
•
preferred (quar.)
Inc., class A iquar.).
(quar.)—
Bank
(New
5%
1
9-12
10-
1
9-12
Jamestown
10-
1
9-12
Jefferson
York)
10-
1
9-18
1
9-18
10-
1
9-15
$1.50
,
30c
10-15
50c
9-18
9-
9-29
Jersey
4
10-
Y
1
(increased)
;
>
5%
1
9-
4
1
9-
4
10-
1
8-30-
10-
1
8-30
5%
2nd
preferred
—
—
(quar.)-
Helme
Glass
10-
Co.,
Y
1
10-
1
common
:v|.7%
preferred
9-
<•
.
iquar.)
(R.) & Co. 7%> preferred
prior
preferred
Furnace
Hollander
(A.)
Co.
&
(quar.)—
—
—
Mines,
—
=
$1
class A
Hoskins
Manufacturing
Houston
Natural
Gas
1
12-
1
10-
1
9-25
$50
~
YY
9-22
9-
10- 1
$3
common
'
$1.50
convertible
La
1
25c
■Y;
81
Erie
Huttig Sash
-
5%
Inc. com.—
(quar.)
Mortgage Corp.
9-20
■<
9-
(quar.)
1
Illinois
Bell
Illinois
(quar.)———
1
9-15
$1.50
10-20
10- 6
15c
9-25
9-11
9-25
10-
1
6%
.——.———
preferred
$1.75
10-15
9-26
(quar.)
preferred
(s-aV
Indiana Gas & Chemical
——
6%
Y $3
9-12
Life
9-15
Liggett
10-
9-14*
Lima
-
Y:,
—
—
—
Indianapolis Water, 5% preferred (quar.)„
Industrial Acceptance
Corp., 5% pfd. (quar.)
Industrial
r
60c
Brownhoist Corp.—
1st preferred (accum.)—
and
Bond
shares
Bronze
:
Extra
•International Harvester
International Metal
Co.
(quar.)
9-25%
9-28
10-26
(interim)
preferred
25c
9-15
*
9-
1
9-20
10-
1
preferred
Co.
quar.):
—
30c
12-15
$25c
10-
1
12-
Locke
Loew's
5
9-
9-29
9-
4
$1
9-29
9-
4
$1.47
(Marcus)
T/o
1
50c
9-30
Irving Trust
Co.
(N. Y.)
(quar.)
(quar.)—I—
—
Myers
Nachman
10-
25c
9-18
9-29
9-
12-
1
10-
1
9-12
10-
1
9-12
10- 1
9-12
National
Bellas
10-
1
9-15
National
Biscuit
10-
I
9-20
9-25
9-15
10- 1
9-15
11- 1
10-15
$1.50
10-
Car
&
Corp
Rubber
' 12-31
12-21
-
10-
1
9-15
10-
1
9-15
9-22
c
(irreg.)
(P. R.)
1
9-15
10-
11- 1
$1.75
10-
(quar.)
(inc. quar.)
Oil
1
9-10
9-20
9-10
9-15
Marshall
0-20
Mathieson
Marion
Water
Maritime
Tel.
10-2
9-14
9-29
9-10
9-29
7%
12-20
9-18
$1.183/4
10-
Field
Co.
&
Matthiessen
7%
VU%
Investors
Alkali
&
pfd.
2nd
Works,
preferred
'
(quar.)
Fund
—
1
—
;
9-15
10-
30c
$1.31 ¥4
10-15
10-
1
$1.25
10-
1
9-12
9-29
8-31
—
9-20
——
Machine
Metal & Thermit Corp.,
9-19
Metropoiitan
9-24
9- T
9-31
7-31
6%
t20c
10-15
9-15
6%
10-15
9-15
$6
c
10-
9-17
1
9-17
10-15
9-15
10-
1
'9-10
$35c
10-
1
9-10
Edison
7%> preferred (quar.)
pfd. (quar.)—-
3.90%
Junior
preferred
Class
A
Co.,
25c
10-15
9-29*
Newark
9-29*
Newberry
11-
1
10-15
10-
1
9-21
9-19
9-29
,f
10-
1
preferred
9-21
8-30
Missouri-Kansas
10-
2
9-15
9-29 '
9-
7
1
9-10
50c
10-
1
9-15*
45c
10-
1
9-15
Class
Modern
5¥2%
B
Pipe Line,
(irreg.)
common
—
Containers, Ltd.,
(irie„.)
1
9-15
9-29
9-10
9-29
9-10
9-28
9-11
t$l
12-
1
11-20
12-
1
11-20
$2
10*
i
(quar.)—
(quar.)
Modine
Manufacturing
Co.
(quar.)-—
Mojud Hosiery Co.. 5% preferred (quar.)
1
9-14
Molson's Brewery
9-24
Monarch
10-
1
9-15
25c
10-
1
9-12
35c
t75c
10-
10-15
30c
12-
1
15c
10-
1
9-15
>
11-10.
9-10
(quar.)—
10-
15c
9-29
9-21
10-
1
_
*
9-7
9-10 ./
9- 5
50c
9-29
9-14
10- 1
9-18
1
9-10
60c
10-
25c
10-10
9-20,
Monongahela Valley Water, 7% pfd. (quar.)
Monongahela West Penn Public Service Co.—
7%
(N.
preferred
;
Monroe Chemical Co., $3.50 preferred (quar.)
'
'
7*
9"
7
9-
7
9-29
9-15
10-1
■
,
10-15
«
10-
1". Y 9-24
10-
1
1.
10-
(quar.)
,
Y 9-2$
10-15
1; ,1.9- 8
7. 9-22 i
9-29
11-
1
10-
1
10-
(quar.)
1
—
—
$
Co.
(J.
Newport
$5
News
-
share
Pacific
Gas
100 shares held
proval by the SEC)
every
(Subject
43%c
11-30
10-
11-20
1
9-20
11-30
11-28
Prior preferred
7% preferred
to
Nu-Enamel
Co.,
common
B
pfd.
Finance
5%
V/2%
preferred
40c
Seamless
preferred
Tube,
■Y
$1.75
$1
10-15
10- 2
Ontario
Steel Products,
9-29
9- 4
9-29
25C
10-
1
9-14*
9-20
$1.12 ¥2
10-
1
9-20
$1.31 ¥4
10-
1
9-20
(quar.)
$1.10
$1.75
97 ¥2 c
10-
1
9-29
10-
1
preferred
1
1
43 3/4 c
(quar.)
25c
preferred
9-15
9-18
$2
10-
9-18
50c
'v Y:50c
10-1
9-18
10-
9-15
5c
1
9-29
9-15
9-18
10-15
20c
10-
1
9-15
10-
1
9-15
10-
1
9-20
9-29
9-12
50c
9-29
10-
5
9-12
$30c
10-
1
9-20
$$1.37 ¥a
10-
1
9-20
9-20
9-10
50c
62 ¥2 c
$25c
10-
1
9-20
9-15
8-31
Ottawa
Electric
Ottawa
1
9-14
$$1.25
10-
1
9-14
$1.75
10-15
10-
1
Y87¥2C
10-
1
9-15
1
9-21
t25c
11-15
11-15
9-20
$1.50
Ry.
;
Ltd
9-20
$25c
(quar.)
$50c
Y
Light, Heat & Power, com. (quar.)_
preferred
$15c
(quar.)—
t$1.25
(Minn.), $4.25 pfd.
preferred
$1.06 ¥4
(quar.)
(quar.)
$1.12¥2
,
.
40c
9-31
Inc.—
conv.
Pacific
Lighting Corp. $5 pfd. (quar.)-.
Public Service Co. (quar.)
Tubes (quar.)
Panhandle Eastern Pipe Line Co
Pacific
Page-Hersey
—
4%
preferred (initial quar.)_^
Paramount Pictures, Inc. (quar.)
Parrafine
Cos., common (quar.)—
preferred (quar.)
Telephone Co., qommon
Common (quar.)
Common (quar.)
$1.40 class A (quar.)
4%
Peninsular
$1.40
class
A
(quar.)
(quar.)
Penney (J. C.) Co. (quar.)—
Pennsylvania Edison, $2.80 pfd.
$5 preferred
(quar.)—
(quar.)-—
Pennsylvania Glass Sand Corp.—
Common
(quar.)
—
5% preferred (quar.)
Pennsylvania Power Co. $5 pfd. (quar.)_—
v
^
_ ,
25c
10-
1
9-15
$1.25
10-
1
"**15
$1.25
11-
1
10-15
Pennsylvania Power & Light—
$6
1
1
10-
prior preferred (quar.)
Preference (quar.)
Pacific Coast Aggregates (quar.)
Pacific Indemnity Co. (quar.)
$5
10-
&
Otter Tail Power
VVUitllVM
10-
433/4C
(quar.)
Aircraft,
Car
Manufacturing (quar.)
10- 1
10-
25c
American Investors,
50C
1
■
9-29
9-29
$$1.75
$4.50
9-15
$$1.25
9-29
.
'
Pacific
10- 1
$2.
(quar.)
common
Pacelot
9-15
1
9-29
10c
$1.50
common
9-20
10-1
9-20
22 ¥2 c
25c
9-17
10-
1
10-
10-
(quar.)——
9-4
10- 1
10-
f-'i
1
$1.12 ¥2
—
(quar.)
Ottawa
5%
10-
$1.25
10c
50c
9-24
$1.50
Manufacturing
6%
1
9-24
40c
-
—
Co.
10-
40c
-
preferred
12-15
..
$25c
Service Co. (quar.)
Inc., common——
preferred
(quar.)_——i.——
'
Omnibus Corp.,
common
:"A8-%
preferred
(quar.)
Elevator
10-1
50c
15c
Ohio Water
7%
9-10
i
10-
$$1.50
Omar,
6%
Otis
9-21
t83/4c
(quar.)
Ontario
1
75C
20c
Ohio Cities Water; $6 preferred (accum.)—
Ohio Edison Co. 4.407o
pfd, (quar.)
Ontario Loan & Debenture
12-
:a-2o
50c
(quar.)
.'
9-18*
12- 1
,
87 ¥2 c
(quar.)
A——————
—
9-18
12-5
1
717/bC
——
9-28
12- 5
10-
"Y:;Y"
—
(quar.)
9-29
25c
YVW20
ap»
(quar.)„—————
25c
30C
V, 9-24
10-1
$1.50
^
$7
preferred
preferred
preferred
(quar.)_
(quar.)
(quar.)
:
$
10-10
Quarterly': ————————
Novadel-Agene Co. (quar.)
Ohio
^
9-17
$1.50
Northern Natural Gas Co._
Nor'western States Portland Cement (quar.)
North Star Oil 7%
preferred (accum.)
Nova Scotia Light & Power Co., Ltd.—
10-15
9-29
a-
9-29
.North American Finance Corp.-*
9-15
5
.
f-,
-
9-30
9- 5
^
^
Electric for
preferred (quar.)
53/4% preferred (quar.)—.
9-15
9-
&
6%
Common
.;
v
[mrem+mrn*
'
Brass
-t
.
Y.
.
10-1
—
1
8-31
;:9-i5
.
.
1.'.10-1$
11-
Niagara Wire Weaving,
Noblitt-Sparks Industries
Noma Electrio Corp.
North American Car Corp.—
$6 1st preferred A (quar.)
$6 1st preferred B (quar.)_
North American Co., common (stock div.)—
Ohio
9-29
1
9-24
10** 15
10-15
& Dry Dock-r(quar.)
YY
Ltd. (quar.)
9-20
9-20
,,
preferred
10-15
9-29
;
'
>13
.9-14
9-29
10-10 ,
Y10-
!
117 ¥2C
12c
,9-U
;
1
Shipbuilding
convertible
One
"• 9- 7
.♦
V25 *
10-
(quar.)
preferred
Corp., 60c conv.
Ogilvie Flour Mills,, common
$1.75
?
Co., 67* preferred
Co., common (quar.)
J.)
9-11
$1.06 ¥4
(quar.)
Telephone
9-20
JO-
(quar.)
Telegraph Co.
Y.)
1
40c
10-
Co.
10-15
$1.75
Knitting Co., Ltd.—
preferred
1
8
9-
..
1
preferred
Omnibus
117 ¥2C
$$1.75
5%
9-
1.
10-
preferred
6 ¥2%
9-17
2 ¥20
—■
common
preferred
11- 8
t¥t
10-
Newberry (J. J.) Realty Co., 67* preferred—
9-15
10-
$1.50
—•—
9-29
10-
5%
12-22
1-2-46
62 ¥2 c
common
1
10-15
(quar.)
Telephone &
Trust
15c
(quar.)—.
9-29
$1.25
Inc.
England
York
-
Miller-Wohl
12-
New England Water Light & Power Assn.—
New Jersey Power & Light, 4%
pfd. (quar.)
New
$1.50
Products, common (quar.)—
8%
1st preferred (quar.)—-—
$2
non-cumulative
preferred (quar.)
Midvale Company
Miller Manufacturing Co., common—
5
Co
Insurance
9-10
$1.50
Steel
7
9-
1
Co
9-17
Y
; 10-15
17¥ac
$1.50
(quar.)
40c
$1.50
New
Fire
Clock
City
$1.75
(quar.)—-.
Mississippi Power Co. $6 pfd.
+$1.75
Haven
$5.50
Public Service Co.—
preferred (quar.)
preferred (quar.)
preferred series 1940 (quar.)—.
Midland
10-1
Hampshire
New
York
Michigan
1
9-
9-28
10-
(resumed)
Jersey Water, 7%
62 ¥2 c
Co.
9-15
9-29
10-
9-15
Y. 9-18
(quar.)
62 ¥2 C
$1.03 v»
8-14
10- 5
preferred
1$1.50
------
9-20
7
1st
New
$7
McCrory Stores Corp. (quar.)
McKesson & Robbins, $4 preferred (quar.)
Mengel Company——
Mercantile Acceptance Corp. of California^*
6% preferred (quar.)—
5%
1st preferred (quar.)
Merchants & Miners Transportation (quar.)
Merck & Co., commoh
——w
4¥2 % preferred (quar.)
Y 5¥4 % preferred (quar.) ————————
8-14
9-
$5.25
10-26
15c
McColl-Frontenac Oil Co., Ltd.—
6%
preferred
(quar.)
McCord Corp. $2.50 preferred (quar.)-—
9-23
9-17
$1.25 ¥2
preferred-
Co. (quar.)
Car, Ltd. (quar.)
National Sugar Refining—
Nehi Corporation, common
Ohio
—
1st
Steel
ii-1
.
Hegeler Zinc—
preferred (accum.)—
9-29
$1
:.
Standard
National
9-13
25c
(irreg.)-
common—
(quar.)
Martin-Parry Corp.———--—
McClatchy Newspapers, 7% pfd. (quar.)
9-15
10-
—
Co.,
Cooker
9-27
'M
—
preferred
12-20
10-15
Y:
Machinery
9-11
0.265625
—
12-28
Co
1
& Co.—
convertible
Corp. (quar.)—
7% preferred (quar.)——
& Tel., Ltd., com. (quar.)
7% preferred (quar.)
Marsh (M.) & Sons, Ltd, (quar.)
—
87>4c
"25c
National, Pressure
8-30
10-
$1.25
Co., (quar.)_
9-20
$1.50
37 ¥2 C
preferred (quar.)_
Radiator Co
National
25c
—
9-13
9-28
12 ¥2 c
Products
National
40:
Margay
9-19
9-19
12-30
Oil
9-30
$1.25
—
9-14
9-29
9-29
National
9-10
12-22
Petroleum
9-15
$1.50
-
B (quar.).
Service, common*
Linen
11- 5
1-2-46
Manufacturers Trust Co. (N. Y.)
5c
preferred
National.
11-15
37¥jC
—
1
$7
10*-'l
$1.62 ¥2
9-14
37 ¥2 c
Casket
10- 1
25c
t$1.75
common—
11-10
9-29
10-
30c
preferred (quar.)
Hess, Inc. (Del.) (irreg.)—
Co., common (quar.)
J25c
Company, 6 ¥2% pfd. (quar.)_
9-28
1
9-22
9-21
Mallory
4¥4%
1
1
10-1
Magor
9-29
10-
$1.62 ¥2
9-11
10-
62 ¥2 c
6%
9-14
12-1:
25c
National. Folding Box
(irreg.).
National Grocers Co., Ltd. $1.50 pfd.
National Lead Co., common (quar.)
9-7
H.)
9-24
preferred (quar.)
National Department Stores, com. (quar.)—
6%
preferred (s-a)
Y.
8-28
8-31
(R.
1
9-28
convertible
National
9-7
9-25
9-29
I
1
Macmillan
1
10-
Breweries, Ltd., com. (quar.)
7%
preferred (quar.)
National Cash Register (quar.)„
8-21
10-
1
9-20
9-29?
4
10-
9-31
J5c
1
1
1
10-15
25c
10-
9-29
10-
9-18
9-29
10-
Macy
10-
20c
9-20
$1.75
9-
9-28
1
tl2¥2c
9- 8
9-20
$1.75
_
1
National
6%
8-31
10-
Automotive Fibres—
25 c
$1.12¥a
*
9-14
9-21
1\
9-17
25c
Manufacturing
National
10-
15c
Brothers
Nashua
30c
6¥2%
11-21
9-13
9-24
25c
100%
Nash-Kelvinator Corp.
preferred (quar.)—
Lynn Gas & Electric (quar.)„_———-—
1
9-27
9-26
&
8-31
$2
(quar.)
&
9-20»,
10-
E.)
9-17
$1
Co,
Taylor, common (quar.)—
Lorillard (P.) Co., common (quar.)
7% preferred (quar.)— 4—
Lowney (Walter M.) Co. (initial quar.)
9- 7
tlOc
Lord
9-12
8-31
9-12
'
Corporation
1
25c
1
(F.
10-
$2
Theatres, Ltd.,
(quar.)
preferred
10-15
—
9-14
8-31
$1 12 ¥2
Lone Star Cement Corp. (quar.)
Longhorn Portland Cement Co.—
5% participating preferred (quar.)
$1.75
America.——^—-—
Investment Foundation, Ltd.—
6% convertible prefererd
(quaf.)
Iron Fireman
Manufacturing Co.
pfd. (quar.)-
9-30
>
8-3L
America—
of
New
(quar.)
Chain
$1.50
of
9-25
9-29
Co.
System,
9-29
30c
(monthly)
Steel
—
Co.
Mutual
—
(quar;)—--
—
Investment
6%
9-15
50c
$1
(quar.)———
9-15
1
10c
5%
International Nickel Co. of
Canada, Ltd
International Ocean
Telegraph (quar.)——
International Paper, 5% conv.
pfd. (quar.)_
International Power 7% 1st pfd.
(accum.)
International Salt Co._:
International Shoe Co
International Silver Co., 7%
pfd. (quar.)
Interstate Department
Stores, Inc. (quar.)
interstate Telephone $6 preferred
(quar.)
1
10-
New Idea
pfd. (quar.)_
9-20
m.12'4
(initial
71o
Works—
preferred
Common
3
10-
$1.75
International Minerals & Chemical—
4%
Oil
8%
10-18
1;
Manufacturing Co
Ring (increased)-,
10c
9-18
Industries, Ltd.—
Class A
10-
25%
——
Liquid Carbonic Corp., 4¥2% pfd. A (quar.)
Lock Joint Pipe Co., 8% pfd. (quar.)
.
10-
Piston
National
9-19
15c
$1,183/4
40c
(quar.)
Inc., 6%
37 ¥2 c
(Tenn.)—
—
Myers Tobacco,
Locomotive
Lion
9-14
65c
'
4(4%
dividend
&
9-20
37 ¥2
—
preferred
Ohio
Chemical
New
10-
9-29
1;
dividend)
(quar.)
$2
25c
37 ¥2 c
—
preferred
$3"
——
Products Co.—
Quarterly
6%
10c
Quarterly
Lindsay Light & Chemical, Vh
137 >4c
(quar.)
:
9-15
62 ¥2
Lincoln National Life Insurance Co
40c
com.
'.
1
—
—
8
7%
(irreg.)
Powders,
preferred iquar.)
International Cellucotton
10-
31¥»c
25c
Copper
6%
(Va.)
8
30c
Institutional Securities, Ltd.—
Stock
Corp.
(s-a)—
9-
$1.25
Mutual
30c
(quar.)
Insurance
15c
Investors, Inc._
Inspiration Consolidated
International
Stock
Mesta
conv.
Inland
.
Steel
9-
75c
Muskegon
25c
—
10-
Y
Indianapolis Power & Light
(quar.)
(quar.)
Co., Inc.—
10-
Corp.—
——
Murray
9-12
$1.75
pfd.
—
Casualty Insurance
8-27
9-22
10-
'
preferred
Corp. 6%
preferred
&
9-28
10-1
3%
—.
9-14
9-12
$1.50
Co., common
preferred (quar.)—
$1.25
lOp
tlOc
preferred
5¥» %
&
75c
37 (4 c /
t$l
1
1
5c
Lehigh & Wilkes-Barre Corp
Liberty Aircraft Products Corp.—
Ltd.-r-.^
—
iquar.)—
Indiana & Michigan Electric Co.—
<4Va%
preferred
(quar.)_——
'
Electric
$2.50
9-28
20c
75c
.—*.—
—
(quar.)
(quar.)
preferred
Leath
9-18
10-
$1.75
1
25c
(quar.)
Sessions, $2.50 preferred
Lawyers Title
9-11
$1.75
(irreg.)--.
Telephone
Telephone Co.—
Common
preferred
Massachusetts
(quar.)
Colour—_—
Imperial Tobacco Co: of Canada,
Inc.
Telephone
'*
9-11
9-25
8%c
$1.25
Imperial Paper &
-
Crosse
Latrobe
•1.25
Commercial
$4.75
Co..
—
pfd.
conv.
(quar.),
Landis Machine Co.,, common
(quar.)
Lang (John A.) & Sons (quar.)—
9-15
10-
40c
(quar.)
(quar.)—
Park Breweries Assn.
Cement Co. (quar.)
Ideal
Emili
Lamson &
9-0
10-
$1.31 (4
preferred
Hyde
ID.
(quar.)
Laclede-Christy Clay Products Co. (irreg.)_
Lamaque Gold Mines, Ltd. (interim)
7
20c
& Door Co.:—
preferred
5%
preferred
La
YYi 9-20
$1.12 ¥2
Co.,
(quar.)
Huron
¥2%
9- 7
I
15c
.
8-31
1
(quar.)
37 ¥2 c
(quar.)
common
$1
10-
Co.
25c
& Co
9-10
10-1
10^-
62 ¥2 c
10-
t$l
Creamery Co., common
Kroger Grocery & Baking Co.—
6% 1st preferred (quar.)
7% 2nd preferred (quar.)
4
!:
1'
common
(stock
10-
25c
(Walter)
Plant-Choate Manufacturing
Common
10-
,
preferred
1
25c
9-12
25C
62 ¥2 c
Howard Stores 5¥4%
preferred
Hubbell (Harvey) Inc.
—
Ltd-,——
9-29
40c
5%
10-
Lines,
10-
Knudsen
■
%
i
10-
(quar.)
Engineering
40c
1
10-
$1.50
62'4 c
$1.25
'
$122
$2.50 preferred
12 ¥2 c
11-15
$1.25
Moore-McCormack
$1.183/4
$1.12 ¥2
Special
4
9-15
34 3/s c
10-18
37 ¥20
Kimberly-Clark Corp.,
10-
9-15
10-
$7 preferred (quar.)
(quar.)—,
Klein
$1.12 (4
20c
(quar.)—;
(quar.)
9-20
75c
.
$1.50
Canada,
9-10
35c
Co
Corp.,
of
Copper
1
$1,061/4
(quar.)
preferred (quar.)
Houston Oil Field Material
pfd.
(quar,)——
Co.
50c
Light Co.—
King-Seeley Corp., 5%
25C
A
B
Lunkenheimer
Hooker Electrochemical—
Y $4.25 preferred
(quar.)
Houdaille-Hershey class
&
5%
(quar.)—,
Co., common.
preferred (quar.)
Class
Ltd.—
.—.——
'
Hoover Company, common
>
4V4 % preferred (quar.)
Power
9-10
50c
(quar.)
Hollinger Consolidated Gold
Quarterly
Y_
J
Holt
(Henry) & Co., Inc.—
Yv
City
Co.
preferred
9-11
—Y
(quar.)—
Sons
Brass
1
10-
9- 7
Manufacturing Corp.—
9-20
YY
1
$4.22(4
preferred
Holland
Mueller
Muilins
Kidde
31V4C
—
—
Hoe
9
9-15
1
15c
Hilo Electric Light, common
Hinde & Dauch Paper of
Canada (quar.)
Hinde & Dauch
Paper Co;, common——
$4
12-
—
:
Power
$4.50 preferred (quar.)
Kelsey-Hayes Wheel Co., class A (quar.)
,■
9- 7
1
$55¥2C
(initial quar.)
12-15
43/»%>
1
50c
—
preferred
15c
(quar.)
(quar.)
Electric
Kelvinator
50c
'(quar.)
convertible
9-15
10-15
10-
t48c
;
9-15
10-15
50c
$1.75
Morris Plan Corp. of America 6% pfd
Morrison Cafeterias Consoliadted, Inc.—
7% preferred (quar.)
Koppers
-
——
43/4%
1
$1
——
Hershey Creamery Co. (quar.)
Hibbard, Spencer, Bartlett & Co.—
:
.(Monthly)
YY * (Monthly) "
;.
Hickolf Oil Corp., class A
V 5% preferred '(quar.)—
6
1
$1.75
—
9-
9-
10-
—
7%
preferred (quar.)__———
Hercules Motors Corp.
(quar.)—
Hercules Powder Co
9-20
10-
9-20
10-1
10-
$1.25
Co.., (quar.)
George W.)
1
'
25C
1 '
(initial)
1
Kennecott
$1.25
Manufacturing 7% pfd. A (quar.)—
Harrisburg Gas 1% preferred (quar.)
Harrisburg Steel Corp. (reduced)Hart Battery Co-, Ltd
-1
Hartman Tobacco Co., $3
pfd. (quar.)
Haverty Furniture Cos., $1.50 pfd.
9-1U
10-15
9-10
$1.25
(quar.)
Harris
Hazel-Atlas
>¥
10- 2
$1.50
(quar.)—
1
10-
9-10
10- 2
25C
preferred
10-
10-
,
t $1-75
(quar.)
Moore Drop Forging Co., com.
$1.50
10-
r
Y
—-
$1.75
1
—
B
$1.25
B
common
Works, 6% preferred (quar.)_
Vegetable Parchment Co.—
%
Common
10-
:
.
preferred
ll-L*
1
10-
t$1.75
(quar.)
9-15
10-
$1.06 ¥»
—
—
7%
11-10
1
12-
$1.25
:
(quar.)
preferred
35c
(quar.)———
preferred (accum.)
(quar;)__
A
$1.06 ¥4
Steel,
$1.50
preferred
preferred
preferred
Morgan
Kansas
Y.)
Printing (quar.)
Haloid Company
(quar.)_
Hammermill Paper Co., 4¥2%
pfd. (quar.)_
Harbison-Walker Refractories Co.—
'
6% preferred (quar.)—:—
Harnischfeger Corp.,
common—.:
7%
9-10
1
9-20
24c
Western Brewery, com. (irreg.)
preferred
(quar.):
:—,
Griggs Cooper & Co., 5% preferred
(quar.)
Group No. 1 Oil Corp—
Y
Guantanamo Sugar
Co., $6
—
9-10
1
1
10-15
.
Y tl5c
5Vi'/c
Power
(quar.)
common
1
10-
9-
Kansas
$0,049
——
(W: F.)
—
10-
$1.50
12-
*
$2
class
9-
9-10
31¥»c ?
Griesedieck
Hall
$7
of Rea,
11-10
1
15c
Montreal
I
9-10
40c
—
Gulf
& Co. common (quar.)
A (quar.) __L
[
Telegraph Co. (quar.)—
Moore Corp., Ltd., common (quar.)
9-15
1
1
$1.75 :
,
(quar.)
Montgomery Ward
9-15
6
1
+75c
—
Oil
1
9-29
preferred
$1.37 ¥2
Katz Drug,
Participating'
Gulf
9-15
10-
$1.50'
5%
12'
-
Jl-
10-
t75c
Common
Greenwich Water System, 6%
pfd. (quar.)
Greyhound Corpi, common
(quar.)_._^».—
¥)
4 ¥4 %
preferred
6%
Corporation
8-31
9-29
$1.25
1
.
Co., common——
(quar.)———
10-
Laughlin
Kalamazoo
$25c
'•
(N.
10-
$2.25
$2.25
$4 preferred C (s-a)
Montana-Dakota Utilities
Co.—
joplin Water
t25c
Co., Ltd. (quar.)
Greenwich Gas, $1.23 partic.
preferred
8%
8-31
10-
$6
Wire
Co.
8-31
1
$1.25
10-
30c
<
Guaranty Trust
Guilford Realty,
1
1Q-
(quar.)
40c
_.
*
10-
preferred A
&
40c
Insurance
(quar.)
Light
(quar.)
preferred (quar.)
8-30
9-25
'
*
13/4 %
(s-a)-
5%
Jones
9-21
9-28
Y 10c
—
.
■
$4.50
Chemical Co., $4.50 pfd. A
preferred B (s-a)
5%
75c
-
<B.)
Power. &
Co., Inc.,
8-31
xl¥4%
(quar.)
Tea
1
x
(quar.)
4¥»%
10-
Payable
Share
Monsanto
50c
preferred
Jewel
9-29
8-31
Xl¥4%
Co
preferred
Name of Company
1
Bolderi
When
Per
of Rea
10-
x$1.75
a
(quar.)
preferred
7%
9-14
$1.25
(N. Y.)
(quar.)
Great Lakes Paper
Co., Ltd.—
$2 class A
partic, preferred (interim).—_
$2 partic.
preferred (interim)
Great West
Saddlery Co., Ltd.—
.6%
1st preferred
(quar.)__
*—'
;v
6% 2nd preferred
(quar.)
Great Western
Sugar, common (quar.)
7%
preferred (quar.)
Greening
6%
Holdere
Payable
17c
—
Supply Co., $5 pfd. (quar.)—
Telephone, 6% 1st pfd, (quar.)_
Electric
Central
5¥2%
Y
(stock
_.
(quar.)
Jamaica Water
9-20
1
10-
common
preference C (quar.)
preference D (quar.)
10-
10-
Share.
(quar.)
preference B
5%
9-
40c
12V2%
American
Y. 7%
Y
1
8-31
Service,
preferred A
•
SI
dividend)
Great
9-20
$1.75
Grand
Rapids Varnish
Grant (W. T.) Co., common
5%
preferred (quar.)
7%
10-1
9-20
$1.12¥2
Stock
National
9-15
Public
40c
Telegraph Co. (quar.)
—\
Golden State
Co., Ltd.-————-—
Goodrich (B. F.)
Co., common1
5% preferred (quar.)
Gorton-Pew Fisheries (quar.)
Grace
1
Jamaica'
56 ¥4 c
.
1%
Sugars,
preferred
&
Y
■
—
-
Globe-Wernicke,
11-
30c
50c
Name of Company
9-15
1
When
per
ol Rea.
1
10-
$1.25,,.
;
Glidden Co., common
(interim)
4^2 % preferred (quar.)
Godchaux
10-
$1.50
(quar.)_
Holder•
Payable
$1.25
———
Gillette Safety
Razor, $5
Gleaner Harvester
Corp
Glen Alden Coal Co._
When
Share
(quar.)
$1.25
10-
1
9-15
$1.50
10-
1
9-15
$1.75
10-
1
9-15
;
.
Name of Company
10- 1
9-15
Shafier
10-
1
9-15
$1.25
10-
1
9-15
40C
10-
I
9-
Co. (quar.)
Sherwin-Williams Co. 01 Canada,
Common, (interim)
$1
(quar.)
(quar.)———
—~
Peoples Drug Stores, inc.-------------—
Peoples Gas Light & Coke Co. (quar.)—-Peoria Water Works, 7% preferred <quar.)_
Perfect! Circle Co. (quar.).———
Perfection Stove
(quar.)——-—
Perron Gold Mines, Ltd, (quar.)
Pet Milk Co., common (quar.)—
preferred (quar.)-..——
2nd preferred (quar.)——
preferred
$5
Pfaudler
9-11
1
9-
9-29
1
9-10
10-1
9-10
$1.06'A
$1.06'A
10- 1
9-10
1
9-20
10-
25c
$1.25
10- 1
9-
1
$1.50
10-
1
9-
I
$1.12 Mt
10-
1
9-20
$1
10-1
9-20
67c
30C
9-30
9-1
Solar
9-30
9-
—-
——
Dairy Products Co., Inc.—
$4.50 1st preferred (quar.)
—
$4
rion-cumulative 2nd preferredPhiladelphia Electric Co., common
$1 preference common (quar.)—
—Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia
•
•
25c
A
1
Pillsbury Mills, $4 preferred
Pittsburgh Bessemer & Lake
10-
$1.00
10-15
10-
75c
(quar.)—-——
Erie KB. CO.-—
10- 1
9^15
6%
2
9-10
10-
1
7%
Oil
9-25
9-10
9-15
1
9-
4
9-28
9-
7
10-
9-20
10- 1
10- 1
9-15
1
9-15
10-
9-15
10- 1
9-29
8-31
10-15
9-14
•-
10-
10- 1
$1.23
1
10-
1
9-20
State
$1.25
10-
1
9-10
$1.50
10-
11-
11-30
87%C
1
1
10- 1
93 %c
9-15
1
9-14
1
9-15
9-24
9-10
10- 1
9-20
9*28
9-14
67c
1
6%
rH o
$11.75
9-15
H
I
1
37 %C
10-15
10-
$1.73
1
9-15
1
9-15
1010-
1
10-
1
9-20
9-20
75c
■
H to
140 c
9-17
9-29
9-14
9-28
25c
Co., com.—
Steel
Swift
9-20
1
H
9-15
t
11-
l':
10-20
Sylvanite
10-
I'¬
ll-
1
10-
1
9-22
37 %c
10-1
9-22
10-
1
9-
$1.12%
1
9-
7
9-25
9-
5
37%c
Motors, Inc.
.
11-
15c
6%
1
10-15
1
15c
11-
1
.10-15
25c
10-
2
9-10
Temple
10- 2
9-10
9-29
50c
Tennessee
12 %c
9-29
9-15
Texas
25c
9-29
9-14
Texon
Coal Co.
9-17
!
10-
1
10-15
9-20
9-10
9-20
10-1
50c
9-15
.7 7% 2nd preferred (quar.).Richmond Water Works, 6% preferred (quar.)
10-
1
9-15
10-
1
9-11
9-29
9-15
deposit rets.
Tooke Bros., Ltd—
River, Raisin
1
9-20
10-
1
9-
1
Western
2'J
77c
9-29
9-20
10-15
9-29
10-
9
9-17
10-
1
9-20
9-29
9-15
25c
9-15
12*13
t25c
10-
1
175C
preferred
(quar.)
Telephone
Rochester
10-
1
9-15
White
25c
10- 1
9-21
Wichita Water,
10- 1
9- 8
1
preferred
Class A
9%
>,
'
.
Bros.,
Ruberoid
Inc.
Ruppert
(quar.)-
50c
25c
_*_•
(Jacob), 4%%
preferred
5%
Water
9-20
9-10
9-10
10-
9-20
11-15
11-
12-15
9-
5
1
10- 1
9-15
1
9-1
Wisconsin
Scovill
Co..
$4
t30c
9-29
10-
1
9-20
Wiser .Oil
Co,
9-29
9-14
10-1
11-15
9-29
9-15
50c
9-29
9-15
11-
$1.25
1
$1.25
10-
1
10-
1
10-
1
10c
10-
1
9-15
10-
1
75c
common
preferred
10-
1
9-15
56 Vtd
9-
10-1
t20c
7
10-
1
9-7
10-
1
8-23
9-25
9-10
9-27
9-
10-
6
9-7*
1
9-4*
10c
9-27
62 %c
11-1
93%c
10- 1
9-20
9-10
10-1
9-1
10-22
9-10*
Electric Co.
$6
57c
50c
(quar.)-——
Co, (Los Angeles)——
Seeger-Sunbeam Corp. (initial)
——
Seiberling Rubber 57c class A pfd. (quar.)_
-
-
$1.50
$1.25
10-
1
1
11-15
1
10-19*
10-
1'
9-30
9-
Metal
&
RR.,
Corp.
(quar.)
Trusteed
Funds,
books
tPayable
resident
1
9-10
:10-
1
9-13
-
$1.25
9-11
25c
10
1
9-
10
1
9-7
9- 24
9-10
10
$1.75
7
10-1
15
9-24
25c
10-
1
10
1
9-24
: 75c
10-
1
9-24
$1.25
10
1
9-24
—
9' 29
9-15
12' 30
11-15
11.
1
10-15
1
10-15
31
10*15
$1
t$2.50
$1.50
pfd. (quar.)
11
$1.50
1,0
25c
_
10
10
$1
Co.,
9-10
1
•
9-10'
1
9-:21
'9-10
29
•
8-31
150c
10c
29
9-14
25c
28
9-17
50c
28
9-14
$1.75
37 %c
28
9-14
•20
9-
$10
10- 1
8-20
$5c
10-
1
8-23
10-
1
9-20
10-
I
;
50c
common
1
9-10
10-12
15c
12 %c
9-25
2
:
12-15
1-
12 %C
50c
$1.37%
8-
10-10
I
10- 1
Co
closed
not
for
this dividend.
funds, less 15% Canadian non-residents' tax.
funds, tax deductible at the source.
Non¬
resident tax. 7%.
a Less British income tax
Canadian
in
tax,
15%;
General
Corporation and
Investment News
9-14
10-
9-
1
6
9-22
9-12
® 9-22
9-12
$1.50
10-
1
9- 4
$2
(quar.)
Pennsylvania-Central Airlines Corp.—Fares
9-14*
9-24
(Continued from page 1288)
10-
1
This
tics
9-4
j
Board
rates
into
nounced
The
9-13
as
much
Stock
6%
class
Co.
preferred
Illuminating
United Light & Railways
5%
5%
preferred
9-10
United
20c
9-20
9-10
U.
9-15
S.
7%
U.
S.
N.
J. RR. & Canal
Guarantee
preferred
Co.
10-
1
9-10
i°-
1
9-11
881.
a
system-wide
(& Subs.)—Earnings
1945
earnings
1
i—
Operating expenses, maintenance and taxes
for depreciation and retirements
10- I
50c
10-
1
9-15
etc., deductions of subsidiaries——
Interest, amortization of debt discount, premium
Interest,
(net)
10-
$1.25
1
1-2-46
•
7-1-46
9-20
9- 5
10-10
9-20
';
—
9-30
40c
$1,75
50c
83.969
3,656
4,219
*v. v' v
•
Li'-
318,321
316,071
Net
—V.
income
161.
p.
i,—____—___
2452.
•
$303,134
*
$300,982
--y' X•x.-"X:W'
6-15
30c
'
(quar.)--—*—,
3-15
•-•
etc., of corporation
expense,
732,278
63,991
.
9-15
$2.50
preference-
(quar.)
;
V12-15
4-1-46
and
$1,439,193
789,831
:
1944
$1,468,248
12 Months Ended June 30-—
Gross
Provision
$1.25
»
i
Pennsylvania State Water Corp.
9-15
$1.25
,}
.
:
53c
(quar.)
(quar.)____
fares down to the lowest level in
20% to
system,
average of 4% cents per mile.—V.
162,
9-15
"
—
Gypsum Co., common
in
50%
1
10-
58 %C
$1.25
(quar.
United
9-14
9-14
Manufacturers—
preferred .(ouar.)—
National Corp., partic.
1
9-21
1
(Del.)—
preferred (quar-.)
—
preferred (quarv).i«_Ll;^ii^—L—
5%
'
&
10-
50C
(monthly)
6.36%
prior preferred (monthly)
6%
prior preferred' (monthly)
Merchants
Vice-President,
O'Donovan said.
Reductions range from
for travel over many points along the PCA
Mr.
'
175C
prior preferred
United
p.
9-13
as
resulting
9-13
9-20
Ltd.—
(quar.)
United
7%
9-13
9-20
75C
(quar.)
Investments,
A
9-20
14'j
Fund
9-20
O'Donovan,
J.
PCA schedule brings air
history,
5c
,
J.
by
new
airline
Inc.—
Reduced
having received approval from the Civil Aeronau¬
for a reduced schedule of air fares, will put its new low
effect over its entire system beginning Sept. 10, it is an¬
corporation,
64c
Preferred
10-
9-15
9-29
15c
Stock / Fund--..
Common
$1
1
10-
t20c
Jamaica income tax.
Less 30%
tPayable in U. S.
30C
Union
Union
:
31'Ac
1
Curry
8-31
1
$1.50
com. (quar.)
(s-a)
5%
10-
10-
50c
;V
50c
common
preferred
Union
9-10
10-
10-
37 %c
(quar.)—_—
Manufacturing,
(quar.)
Pacific
4%
1
63c
&
'
preferred
Union
7
$1.25
10-
—
Carbon
Carbide
$6
10-
<*
1
—
9-20
10- 1
75c
'
9-20
(quar.)
Youngstown Sheet & Tube Co.—
5 % 7o
preferred class A
9-20
10-
25C
25C
Union
9-15
,10- 1
9-15
1
10-
11-10
1
25c
$1.18%
Corporation
Union
10-19*
11-
'
10-
9-15
Bag & Paper Corp
Union
9-25
1
12-18
25c
9-20
10c
—
—
9-15
10-
1
Underwood
9-15
$1.12%
(quar.)——
$2.50 conv. prior preference (quar.)
9-18
11-
(quar.)-—,
preferred A
1
10-1
$1.37%
(Beagrave Corp.. 5% preferred fquar.)—
Securities Acceptance Corp.,- com. (quar.)„•
Security
10-
50c
11
(quar.)
10- 1
56'Ac
Machine
Park
9-15
Fuel
25c
1-2 46
'
$1.50
9-20
9-20
...
9-13
$1.25
6%
Power,
8-31
United
12-20
7
1
Carbon
9-29
9-14
1
Steel
(Alan)
•Transfer
9-25
United
12-30
29
$1.25
—
Common
x
10-1
9-10
1
9-
1
$1
$1.25
—
(qtiar.)•
Yates-American
9-15
1
I
11- 1
15-46 2-
$1.25
(incr'd)
$1
Yosemite
■
10-
9-14
15
$1.25
-
9-14
11-
15-46 2- 1
75c
■
8- 3
7
10- 3
125c
8
17 Vic
...._
pfd.
10-
9-
50c
12-15
17'/a c
(quar.)
preferred
Scranton
12-31
50c
(s-a)__
■15
■
$1.75
9-8
9-
•15
75c
Co., 77c pfd. (accUrt;?i:i'
Woods Manufacturing
(quar.)-H_;.*
Woodley Petroleum (quar.)..
...—....
Woodward Iron Co
;
Woodward & Lothrop, common (quar.).
7% preferred (quar.)
Worthington Pump & Machinery, common—
Worumbo Manufacturing Co.—
3'/a% preferred (extra)
——
Wright-Hargreaves Mines, Ltd—.
Wrigley (Wm.) Jr. Co., common
Yale & Towne Manufacturing Co. (quar.)
8
9-
9-18
$1.25
62'/2 c
(quar.)..
t$1.75
■
25c
Wood
9-17
62'/2c
City Rapid Transit, 7% pfd. (accum.)
Disc Clutch (quar.)
Two South La Salle Street Corp. (quar.)
9-18
25c
....
...
•15
7-28'
1
50c
common
conv;-preferred
.$1.50
9-14
+$1.75
2nd pfd.
(quar.)
Manufacturing Co.
9-10
9-10
Sugar Refining Corp. (quar.)
Schenley Distillers Corp., 5%% pfd. (quar.)
Paper
9-25
10-
9-20
9-15
t75c
preferred (quar.)—
common (quar.)
Electric
1
9-15
■20
Extra
10-
12-
9-15
1
2%c
Winnipeg Electric Co., 5% non-cum. pfd.
Winsted Hosiery Co., common (quar.)—;
10-
10-
9-15
1
•
37 %C
——«.
preferred (quar.)—;
$5 prior preferred (quar.)
Wilson Line, Inc..—
11-23
I
1
1
■
$1.12%
—
6%
Twin
9-15
Savannah
$4.50
9-11
1
R(wirNap-Pak Manufacturing
v; Quarterly
Sangamo
Electric
Co
I
Scott
9-14
10-1
common
Works,
9-24
9-20
25c
C$2.50 prior preferred (quar.)
Ban; Francisco Remedial Loan Assn.
Jose
9-12
$1.12%
(quar.)—;
preferred
9-20
(quar.)„
(quar.)
Inc.
V
1
9-28
(initial quar.).
pfd.
St..Regis Paper Co. 57c
6an
20c
—
RqsseU Industries, Ltd., common (quar.)
17%
10-
(quar.)
(Helena), Inc., class A
Ssafeway Stores,
9-20
15C
Co.
Rubinstein
1
(quar.)__
Ronson Art Metal Works
Roos
10-
$1.25
(quar.)—
Corp.
$1.25
•
40c
50c
Twin
9-15
*x;
:
•I'M
sprlor preferred (quar.)———T—
5%' preferred
RWne''Cable
10-1
$1.12%
(quar.)
• >"
Rockwood & Co.-*-'
$1.50
9- 8
25c
$1.25
.
common
—.—
10-19
Wieboldt Stores, Inc.,
50c
(quar.)
9-17
•15
25c
7%
9-15
10-19
Co.
Motor
9-15
1
1
preferred (quar.)
$5 conv.
8-30
1
•15
(George)
9-15
9-14
•
■
(quar.)—.—
(quar.)—
1
•29
$1.50
-
(quar.)„
$1.25
preferred
Common
9- 6
•
■
(quar.)
;
common
9-20
12 %c
20c
(quar.)
10-24
1
■
pfd. (quar.)
10-
1$1.25
t62%c
;
:
Corp.
10-24
1
•
11
.
Corp.—
9-20
11-15
1
11
Wheeling Steel Corp., common—————
—
1
$6
9-15
13 %c
10-
Corp.,
Co.,
9-19
10%
(quar.)
Twentieth Century-Fox Film Corp.—
4%%
-
1
12
$1.75
43 %c
(Interim)
Tubize Rayon
11-15
$1.75
9-29
50c
9-20
9-13
1
50c
'
10-1
17 %C
9-11
9-24
12
"25c
75c
Weston
.
1
'
"'7%c
50c
1
f 9-11
Ltd. (quar.)*
Whitaker Paper Co. (quar.)—————
————
10-
12-15
9-28
25c
(quar.)———
Westmoreland Water, 6% preferred
9-20
9-15
1-2-46
$1.75
Westmoreland, Inc.
9-20
10- 1
preferred
6%
x
9-29
12-29
25c
10-
9-20
•
$1.75
333Ac'
——
& Stationery, com.
5%
15c
$50c
1
Inc.—
(quar.)——
Western Tablet
25c
t50c
partic. class A preferred (quar.)
L.) Mfg., common (quar.)
10-
;
preferred A (quar.)
5% preferred A (quar.)
$1.25
Co
Trust
$1.75
5c
5%
$1.25
convertible
$2.25
1
•
Pacific RR.,
75c
preferred (quar.)
Trinity Universal Insurance Co, (quar.)
Robertson (P.
'.'{•Preferred
General
Toronto
10-
$1.25
(quar.)—
preferred
50c
13c..
Trailmobile Company,
Silk Mills—
Riverside
$4.50
5
62 %c
9-20
1
62%c
Grocers,
Common
50c
9-20
10-
(quar.)—:
25c
9-20
9-15
25C
Class A (quar.)
Utilities
40c
1
8-31*
9-25
$2.50
Exploration Co.
Ltd., common
Western
10%
———
9-20
..
Western
9-15
31 '/iC
10- 1
10-
,50c
River Cotton Mill
50c
$2
9-
9-20
7c
(irreg.)
Paper
Riverside & Dan
20c
(quar.)
9-15
50c
60c
:
25C
Tip Top Tailors, Ltd. (quar.)
Securities Trust Co.—
Amer.
9-10
10-10
10-1
20c
preferred
1
Tobacco
$1.50
9-20
10-20
+si
*
(quar.)_
Texas
10-
(Interim)
preferred (quar.)
Axle
1-15
4-15
7-15
.
$1.75
$1.50
,—_
(quar.)
preferred (quar.)
10-
31 %c
Timken-Detroit
8
9-29
10- 1
$1.75
Rieke Metal Products Corp.
B
$$
9-
10c
$1.75
Co.
Insurance
Ltd.
Cotton,
Refining & Chemical——
$2.25
Incorp., $2.50 prior pret. (quar.)—
Tide Water Associated Oil, $3.75 pfd. (quar.)
(quar.)__—
Island
Rice-Stix Dry Goods Co.,
——.—
common
(quar.)
Virginia Pulp & Paper (irreg. )__—
West Virginia Water Service Co., $6 pfd.—
Western Department Stores—
A
Corp.
7% 1st pfd. (quar.)
Rhode
(quar.)
Detmning Co.,
37
'
West
•
9-10
1
10-15
8-1-46
7%
1
West
Textron
71c
9-11
1
'5-1-46
6%
11-
$1
$1.25
——
Company (quar.)
Oil & Land Co.—
9-25
62 %c
West Peiin Eleetric class A tquar.)^-*—
9-29
10-
162 %c
$6
8-31
,2-1-46
Extra
'
Teck-Hughes Gold Mines
$1.50
9-20
%c
Class
9-15
10-
$1.25
(quar.)
Preferred
9-10
$1.25
(quar.)
Waukesha Motor Co. (quar.)—
10-11
10-15
$1.13
Tacony-P&lmyra
Bridge,
common
Class A
(irregular)
————
5%
preferred (quar.)————
Taggart Corp. $2.50 preferred
(quar.)—„
Talcott (James), common (quar.)
4 % % preferred (initial quar.)
Tamblyn (G.) Ltd. common (quar.)
—
7
10-
9-29
'J.
Wesson Oil & Snowdrift Co.,
'
30c
8
10-
25c
Wellington Fund
Gold Mines, Ltd. (quar.)
Transit Corp., common
Syracuse
9-20
$1.75
58VbC
8
9-
,
$2.50
37%c
Warren Brothers Co.
'
35C
Sylvania Electric Products
30c
9-
1
$2.50
(quar.)—i
10c
10-19
10- 1
1
:
preferred (s-a)
preferred (quar.)
5%
9-15
rH O
—
1
M'l
(quar.)
Warren
5%
(quar.)
11-
12-10
11-
30c
Co
& .Company
$1.25
12%C
—.
preferred A (quar.)— ------6% preferred B (quar.)—--!———
Republic Steel Corp., common (guar.)——
6% prior preferred A (quar.)
Reymer & Brothers (quar.)
Reynolds Spring Co
Reynolds (R. J.) Tobacco—
,3.60%
preferred (initial)
•
10-
$1.50
/ $1.25
Co
Mining
Superior
i-iJ
$1.75
Washington Railway & Electric Co.r-
$1.25 preferred (quar.)!
*———
Oil Co. (stock dividend)
11- 1
1
12-2a
1
10-
9-20
Ward Baking
8-27*
IOC
Sun
Sunshine
Ltd.—
(quar.)
1-2-46
$1.75
Watch, 7% preferred (quar.)
preferred (quar.)__
-—
Co. $7 preferred (accum.)
:
7%
9-20
10-15
1$1.50
12 %c
9-15
9-30
25c
—
62 Vac
Waltham
9-15
7VzC
(quar.)
9-30
Wagner Electric Corp. (quar.)
Waialua Agricultural Co., Ltd. (irreg.)
Waldorf System, Inc. (quar.)—__——__
Walker & Co., $2.50 class A (quar.)_„
9-20
10-15
—
Clothier, $5 pfd. (quar.)
5% preferred (accum.)———.—
Struthers
Wells Corp
9-15
37 %c
Waoasso
34 %C
9-18
1
37 %c
prererred
7%
9-25
—
(quar.)
Prior preference
'-v
Republic Investors Fund—
•
6%
10-
1
10- 1
$2
(quar.)
Vulcan
11-15
10-
10-
$2
preferred
9-10
1
9-11
10-17
1
preferred
preferred
9-10
12-
9-14
9-21
62 %c
—-—...
Works
preferred
6%
9-15*
9-15
1
11-
$1
—
(s-a)___
Virginia Elec. «fe Power Co., $5 pfd.
Virginian Railway, common (quar.)
9-25
1
(s-a)
Chemical
Victor
9-25
62 %c
Sterling Engine Co———————
Stix. Baer & Fuller 7% pfd. (quar.)..,
Stokely-Van Camp, common (stock dividend)
'
$1.25
7%", preferred -1
———
Reliable Stores Corp., common (quar.)
lt5% preferred (quar.)_
.
Remington Rand, Inc., common (quar.)
$4.50 preferred (quar.)
•
10-
10-15'
10-
.
Reo
10-
1
9*
25c
preferred
5%
35c
-
9-20
10-11
50c-
Preferred (qua?.);
—
—
Reliance Manufacturing Co. common—*v-'
T%
preferred
(quar.)_——»——
I
Common
9-20
.
10- 1
15C
Van Norman Co
$5
preferred (quar.)
preferred (quar.)
—
Stedman Brothers, Ltd., common (quar.)—
6% convertible preferred (quar.)
Sterchi Bros. Stores, 6% preferred (quar.) —
9-8
10-
50c
,
Electric & Engineering
Reliance
9-
1
$1
5%
9-29
10-29
$1.50
preferred
non-cum.
1
10-
1
10-
$15
Y.)
(N.
Vapor Car Heating, 7% preferred (quar.)—
Vicksburg Shreveport & Pacific' Ry. Co.—
4
10-
(quar.)
(Boston)
Corp
pfd. (quar,)
Stetcher-Traung Lithograph, common
9-7
1
8%c
Regent Knitting Mills,
11-15
11- 1
$2
5%
(quar.)
'
10-20
9-29
15 c
Stayton Oil (quar.)
Stedman Brothers 6%
9-
9-25
<5c
Strawbridge &
Reed Roller Bit Co.-—
-$1.60
(L. 8.) Co
Street Invest.
$1.75
(quar.)—
7% ' preferred. (quar.
'>5%: preferred A (quar.)
A
S-29
.
arrears.
"Class
10-30
Starrett
9-10
Mills,
Reed:Drug Co., common
9-10
40c
50c
—^
preferred (quar.)
preferred (quar.)
Hosiery
9-20
51.12% "
^Vater, 4% % pfd, (guar,)-
9-10
9-10
1
10-15
10-
50c
Inc.—
77c
preferred (accum.)
The payment shown above clears all
Silk
9- 8
30C
I
9-25
10- 1
8
1
(quar.)
9-20
;
9-25
62 %C
(quar.)
Inc., commonUniversal Leaf Tobacco, common (quar.) —
8%
preferred (quar.)
.,
Upressit Metal Cap Corp., 8% pfd. (accum.)
5% prior preferred (quar.—
5% prior preferred
Upson Co., 77c preferred
62 %C
———
50c
9-10
20c
-
Real
10-
9-
10-1
$1.25
(irreg.)_
preferred
12 %c
8-30
9- 5
10-
6'Ac
common
Rayonier, Inc. $2
Reading Co., 2nd
$1.25
$1
8-30
9-15
1
20c
25C
(quar.)
-,.,0%
preferred (quar.)
—
Radio Corp. of America. $3.50 pfd. (quar.)„
Railway Equipment & Realty—
1st preferred (accum.)—
-Ralston Purina Co., 3%% preferred (quar.)
•
Co
10-
Wall Paper Factories,
5c
9-29
1
9-19
10-
45c
—
5%. conv. preferred
Co.,
Oats
States Trust Co.
United
$1.50
9-29
9-20
voting (quar.)—
—
Common non-voting (quar.)
7%. original preferred (quar.)
Pure
United
8
133Ac
$1.75
9-20
10-15
Publication Corp., common
Quaker
8
9-
t$1.50
$1.23
10-15
preferred (quar.)
preferred (quar.)
$5
9-15
1
t75c
Puhllc Service
;
5*
9-
t$1.50
preferred (quar.)
Electric & Gas—
57c
9-15
10-
■62 %C
(quar.) —
(quar.) —
preferred (monthly)
Service Co. of Oklahoma
6%
Public
9-17
1
9-27
25c
preferred (quar.)
—
62'/a C
preferred (quar.)
13c
Preston East Dome Mines (reduced quar.) —
t$1.37%
Price Bros. & Co., Ltd., 5%% pfd. (quar.)_
25c
Providence Washington Insurance Co.tquar.)
37'/2c
Public Nat'l Bank & Trust (N. Y.)
(quar.)
Public Service Co. of Colorado—
41%C
5%
preferred (monthly)
60c
6%
preferred (monthly)
69V3C
7%
prefererd (monthly)
Publics-Service Corp. of New Jersey—
(reduced)
9-
8%
8
9-24
10-
2nd
Common
9-29
9-29
Porto Rico Sugar Co., com. (interim)
preferred (quar.)—
South West Pennsylvania Pipe Lines
Southeastern Greyhound Lines, Inc., com.—
Southern & Atlantic Telegraph Co., Ltd. (s-a)
Southern California Edison Co., Ltd—
5% original preferred (quar.)
——
5%%
preferred C (quar.)
Southern Canada Power Co., Ltd.—
6%
participating preferred (quar.)
Southern Pacific Co. (quar.)
Southern Phosphate Corp—
Southwestern Associated TelephoneSB preferred
(quar.)—
Southwestern Gas & Electric Co.—
5%
preferred
(quar.)
Southwestern Life Insurance (Dallas)—
Quarterly
Sparks-Withington Co.—
Springfield Fire & Marine Insurance Co.—
Quarterly
Square D Co. common-—
—
5% conv. preferred (quar.)
Squibb (E. R.) 81 Sons, $4 preferred—
Staley (A. E.) Manufacturing Co.—
$5 preferred
(quar.)
—
Standard-Coosa-Thatcher Co, (quar.)
Standard Fruit & Steamship Corp.—
$3 participating preferred (accum.)
Standard Fuel Co., Ltd., 6%% pfd. (accum.)
Standard Paving Ac Materials—
Participating conv. preferred (Interim)—
«1
1st
5%
Hoc
4$ 1.75
South
9-10
9-
9-29
15c
Co.
Accident
5%
'
10-
—
Inc
:
Insurance Co.
Pressed Steel Car Co., Inc., com.
vv
South Pittsburgh
Lambert.
&
Preferred
'
9-10
12 Vac
preferred (quar.)
.
participating preferred (quar.)—
Pratt
1
(quar.)
1
75C
1st
6%
U
Oil
10-
$1.75
■'
(quar.)—
Porter (H. K.) Co., 5% preierred (quar.) —
Power Corp. of Canada, Ltd.—
Oil
Plymouth
9-
——
$1.75
Pittsburgh Plate Glass Co. (quar.)—
Pittsburgh Thrift
Corp.——
Pittsfieid Coal Gas Co. (quar.)
■t
Penn
South
Plough, Inc. (quar.)
1
Electric & Gas Co.—
preferred
(quar.)
57c
Common
preferred (quar.)——
t$1.25
10-
South Carolina
Pittsburgh, Fort Wayne & ChicagoCommon (quar.) _i——-—
7%
Corp.
10- I
Printing & Lithograph Co.—
125c
Manufacturing
Soss
1
Potash Co.
S.
8-31
67c preferred A (accum.)
4-6% preferred (accum.)
1
10-22
50c
S.
U.
1
Sorg Paper,
Philadelphia Transportation Co.—
Participating preferred (s-a)_
U.
10-20
$1
1
5%
10-10
20c
$1.18%
(quar.)
10-
prefeired
convertible
55c
Sonotone
9-10
1
10-
50C
v
4%7c
10-
preferred (quar.)
Manufacturing Corp.—
•
43A%
8-30
preferred A
preferred B
9-15
1
$1.12%
1
9-12
120c
(quar.)
Common
11-30*
10-
Plywood Corp., common
10-10
I25c
preferred
77c
(quar.)
(quar.)
(quar.)
Playing
8.
8-31*
12-20
50c
Co.
Card
S.
U.
9-20
40c
?ii40c
—
1
8-31
(accum.)
common
—
of Rec.
10- 1
$1.75
1
9-
9-29
t35c
& Sons,
(H.)
Simon
(quar.)
10-
$$1.75
pfd. (quar.)
Ltd. common (quar.)„
(quar.)
—Skenandoa Rayon 57c pfd. A (quar.)——
57c prior preferred (quar.)
Sloss-Sheffield Steel & Iron—
$1.20 preferred (quar.)
—
—
Smith (Howard) Paper Mills, Ltd.—
8-30
10-
t2c
25C
0. (b. Pipe & Foundry
11-
«5c
Participating preferred (s-a)
Silverwood Western Dairies, 5%
9-20
9-15
9-21
U.
Ltd.—
•—
Ltd.,
Dairies,
1
10-
*1.26
(increased)———
Silverwood
7
prior preferred
Holdert
Payable
Share
77■■■;.> j.'
U. S. Leather Co., 7%
25C
(quar)
of Company :]
xx
9-14
—
preferred
Sick'a
9-29
37 %c
(quar.)
(quar.)
oreferred
SB
$5 pfd.
Co.
Philadelphia
1
10-
50c
9-21
10-
$1.12%
(quar.)—_—_
pid.
G.)
(F.
Breweries
77c
10-15
$1.75
l.—
Co,:-
8
57c
Co.
Stores
Snattuck
of Ree.
10*' 1
•
When
Per
Hoiaer%
When
Payable
Share
^
i—
preferred (quar.)
Servel, Inc., $4.50
52o
(
,7
9-15
1
10-
12 %c
Pennsylvania Sugar, 5% PMPennsylvania Telephone,- $2.10 pfd.
Pennsylvania Water & Power, com.
fc Name of Company:
of Rec.
payable
"; Per
v
Holder1
When
Per
Share
:
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
9-
7
Peoples Drug Stores, Inc.—August
Period End. Aug.
10-
1
9-15
Sales
10-
1
9-15
—V.
31-^
'
162.
p.
991."
Sales—"
1945—Month—1944 ;V. 1945—8 Mos.—1944
$2,907,808
$2,810,329 $22,544,052 $22 188,79
'
[Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
stock
Philadelphia Electric Co.—Weekly Output—
*
electric
The
ended
week
of
week
of
8,
1944.—V.
6.5%,
or
162.
and
company
to
amounted
1945,
kwh.,
11.697,000
the
for
output
Sept.
when
its
compared
p.
fractional
subsidiaries
kwh.,
110,341,000
with
the
the
for
decrease
a
corresponding
^
shares,
cash
Gross
1945
dividend
maint.)
$2,917,841
$2,759,501
1,248,761
1,124,261
1,085,597
554,254
439,043
—
earnings
charges
$1,157,036
$1,239,325
$1,234,860
550,936
552,397
553,793
Crl0,347
.—
Crl9,248
Cr2,070
Interest
Amortization
other
and
deducts
Balance
available
162,
for
dividends.
$616,447
$706,176
backlog
of
substantially
exceeds
orders
large
as
cancellations and
Heinritz,
of
the
as
prior
has
$683,137
year
a.
battery
storage
full-time
.and
ago
division
reconversion, it was
Vice-President in charge of the division.
able
to
concentrate
"Many
Aug.
1,
dividends
the
the
on
dividends
1945,
to Nov.
to
1,
their
on
The only immediate
industries,
post-war requirements,"
including
the
railroads,
utilities
public
accrue
&
To
Trust
rectifying,
annual
is
program
the
interest .and -dividend
SEC
a
proposal
for
With
large
and
with
adjustment
an
communications
cash
for
difference
between
the
high
a
level.
Philco
has
With funds from
the
of
bonds
bonds,
Phillips Petroleum;
Operations—
Co.—Reconverted
.
to
the company's
treasury, the net proceeds
would
be
used
to
redeem $16,000,000 first
series A,
3l/»%, due
of the Southwestern
Peacetime
3%%
'
All wartime manufacturing plants of this company are opera ting Vat
capacity to produce peacetime products, Frank Phillips, Chairman,
and
KJrS. Adams,: President,
announced.
"The day Government restrictions were lifted," they
said, "our
operations were changed to making a new motor fuel, the best we
have aver produced.
The improved product i$ already in the tank of
many jobbers and dealers.
' *.
1
j
/ "Our 100-octane aviation gasoline facilities are supplyingV.-com¬
due
,
advance
requested
the
be
the
the
to
than
Oct.
at
106.50,
22,
the
15.—-V.
162,
Issue
if
the
Bond
later
than
The
to
Oct.
4,
that
so
be
bids
ponents for a higher anti-knock,
/Reconversion has entailed no
powerful, motor gasoline."
lay-offs of refinery personnel and
awaiting all the 2,834 employees on military leave, the
positions are
There
probably
of
ments
will
be
temporary
a
products
expand
civilian production,
reduction
incident
rapidly
to
lower
industry
as
national
in
The
r
for
New Discovery
good
a
pool
Well No.
producer in
1, Jirick,
;
which has been brought in
the Bois d'Arc Pay Zone is considered to be a
of its structural position with relation to
the West Edmond Pay,
block
owned
1175.
p.
'
"
it is announced.
The well is located on a large
Phillips Petroleum Co. and Carter Oil Co.—V. 162,
"
r
*
by
'
.
Tenders^-
Chicago
/
St.- Louis
&
J
'
*
RFL—•
The
the
of $5,165,152, at prices not to exceed par and interest.—V. 162,
sum
1175.i
p.
,
(
„
The
disclosed in a report to shareholders the acquisition
of two new subsidiaries, the Crescent Machine Co. of Leetonia, Ohio,
and the Edward Valve & Manufacturing Co, of East Chicago, Ind.—
V.
company
161. P.
2596.
on
is
before Oct. 15,
Transfer
New
The
Power
'
Co.—Reorganization
;
•-
'
Plan
;/-V
v-yC ;
/
independent trustees have filed with the Interstate Commerce
an
amended plan of reorganization and two alternative
The plans were previously filed .with the U. S. District
Committee
programs.
of
Court
V ..'I/'//. "C.
plan was submitted in the event
company's interurban assets was
Oregon Aug. 3, 1945.
first alternative amended
The
that
immediate
deemed
disposal
necessary.
/ Under this proposal the company's interurban
carhouses
and
a
cash
would
be
consideration.
outstanding
,.:///•
of
common
transferred
Portland
stock
the
to
and
Issue
railway
Portland
Traction
would
new
assets,
Traction
cancel
its
with
common
divided
of
into
industrial
alcoholic
of
two
National
New
Bank,
the
of
names
of
preferred
principal
stock
which
underwriters
has
each
financing the
National
the
Bank
of
National
Shares
Stock
Pierce,
Newburger
Beane___
Stroud
10,000
&
Hano
proceeds
increased
the
of
volume
&
j.*v
5,000
Reynolds & Co.^
G.
Inc
6,000
Co
Weeks—
&
Becker
&
Co.
Inc._
/
^
E.
Noyes
&
2,250
"-<- 2,000
Deane & Scribner
"2,000
Boyce—.
2,000
Marache &
$ "'•/'/
;
Granbery,
Lord
"l,
1,750
Moore, Leonard & Lynch-1 "1,000
Reinholdt & Gardner
^
1,000
Inc.
5,000
3,500
Hayden,
Stone
162,
Bros.
&
3,500
607.
p.
K,
Pure
Oil
$9,602,700)
William
Sept.
on
year,
H.
Davis, Director of
that he had approved
6
located
at
Dawes,
W.
Administration
Va.,
for
NOTE—For
Economic Stabilization, announced
the return to this company pf;. its
which had been "seized" by the
War.—V.
162,
395.
p.
n
Pfd.
stk.
York
Quebec Power Co.—Earnings—
Gross
above
cumulative
•Includes
par)
Trust
.)
'
.
1945
1944
$2,217,492
$2,196,933
1;237.929
other expenses—1,273,807
taxes and
charges
Fixed
—
Provision
for
Net
238,180
_____
depreciation
for income
Provision
and
,
225,000
profits taxes—
excess
191,734
profit
$228,770
2487..
p.
$l3V78d
$12,171
.
161,
240,730
225,000
'202,694,
$290,379
278,599
/
276,599
Surplus
-Lav.;.
v
-
Rochester Gas & Electric Corp.-
>■
bank
loans
used
were
to
Operating
725,000
finance
in
par):
into
series
part
Maintenance
3
•■:'/ 1944
329,032
307,230
—
1,677,286
1,601,570
2,179,911
taxes.—rrr.
3,100,119
2,118,411
1 ,>430,000
3,006,026
$4,222,070
$4,254,098
deprec.
Income
Federal
Other
,
1945
$21,594,423 $20,912,589
8,467,805
8,195,254
plant & equip..
for
Prov.
of prop.,
income
1,618,200
taxes
Operating income
Other
—
—
17,876
14,199
$4,239,946
<net)_
$4,268,297
—
100,000 shs.
i
income
Gross
deductions
Income
100,000 shs.
—_
:■/'/
Outstanding
1,376,321
1,349,465
$2,863,625
$2,918,832
—
100,000 shs.
500,000 shs.
_
/
revenues
Operating, expenses —
Power and gas purchased for resale——.—
,
-
-Earnings—
12 Months Ended June 30— ;
850,000
Co., Philadelphia—
*500,000 shs.
Adjustments to Federal
11,999 shares held in treasury.
privileges.
The second alternative was submitted in case It Is deemed neces¬
sary that the company be liquidated and dissolved and not reorgan¬
/
revenue
Operation,
2,500,000
&
classified
yet
(no
/
Six Months Ended June 30—
2,500,000
stock——
stock
i
'
Dividends
Authorized
not
pfd.
t» -a.
te/i
■:■/■■;::
$4.75
.
mechanical
to. arrange
$7,500,000
.
Common
„
.
will, be
Capitalization, Giving Effect to Present Financing
for
*
reasons
it is not always r.t.
companies in exact alphabetical /
order.
However, they are always as near alphabetical
position as possible. .;. //:■,
/
possible
income
814,900
871,000
$3,678,525
$3,789,832
tax—
voting
Summary of Earnings
f
4 Mos. End.
ized.
ferred
the
the
to
traction
company
for
a
similar
cash
Apr. 30/45
be
trans¬
consideration,
$
and
Sales,
would reclassify its presently outstanding common stock
approximately 600,000 shares (no par) and with no change In
liability.
•
The basic provisions of the plan are unchanged, namely that the
company
'
stocks
Traction
the
of
Portland
subsidiaries
Co.
General
Electric
distributed
be
to
income
bonds, prior preference and first
bondholders receiving cash in addition.—V.
■
Porto Rico Gas & Coke Co.
and
Co.
holders
of
Interest
12 Months Ended June 30—
Gain
from
General
1945
2597.
p.
1944
Admin,
and
Utility
Other
Income
(net)..
■■
u_.—_;—;___
Loss
35,740
Interest
deductions
/
$157,164
;
1,029
y
2665.
The
ICC
changed
on
Divs.
28,016
$138,239
The
Fed.
Co.—Stock Issue Approved—
a
861,441
exps._
588,035
i
1,146,389
113,275,797
91,895,152
66,429,495
54,756,313
<2;096,154
1,010,082
1,706,435
1,695,085
2,158,244
1,031,400
1,908,061
174,030
184,204
327,690
"7L897
273,479
313,446
21,390
93,692
14,716,461
24,700
16,268,688
7,111,201
9,263,104
16,328,688
170,000
14,741,161
313,700
etc.,
350,762
730,900
755,454
prf.
ex.
10,800,000
11,762,224
4,991,760
retirement
Crl37,715
Cr219,806
Crl,060,000 Crl,038,507
Cr7To",000
j.
(net)—
offered
in
exchange
for
the
outstanding
6%
and
operating Income
162.
rS7g,522
$751,453
$67f,746
68,637
$92,706 "...
523,818
62,111
,
25 Cent Stores, Inc.—Sales—.
1945—Month—1944
$989,116
$7,403,200
$894,352
net
______
60,000
t)»
The
York Stock Exchange has authorized
common
stock t$5 par), all of-which
New
shares
of
outstanding.—V.
85,000
30,000
4,606,470
p.
San Jose Water
12 Months Ended
Operating
are
now
issued and
680.
Works—Earnings—
July 31—
•
1945
1944;
expenses
________
—
and
$1,028,676
depreciation
—
$964,775
459,753
444.639
$568,923
revenues
Operating
65,305
3,891,561
162,
-
the. listing of 500,000
$520,135
1,932,794
Gross
profit
2,433,104
—
6,975
5,418
$525,553
311,368
•Total
150,616
cos.——
490,292
348,420,
Consol.
net
in
alcohol
Dividends
—
356,240
on
preferred stock
____—
35,626
$214;185
3.5,626
$184,032
——•
Balance
1919
Publicker
to
Industries
first
by
molasses
pure
Alcohol
form
Street,
and
established
Philadelphia,
Co.-and
in
1945
to
$178,559
$219,658
■i(,,.,r.liitnll
a
for
Philadelphia,
denatured
second
the
production of ethyl
a
plant at Snyder
and
for industrial
the
sale
purposes.
plant at Bigler Street and
production
of
molasses
ethyl
of
In
Sales
—V.
Aug. 31—
_
162~
P-
income
and
excess
profits
taxes:
1945, $220,812^
161, p. 500.
, r.
'•t
■
1945—Month—1944
1945—8 Mos.-i:-L1944''
$2,096,973 $1,737,928 $14,482,452 $13,706,731
818.
I -
"'v
i
,% i
*•»
Schiff Co.—August Sales Up 20.66%—
Period End
1924
alcohol.
Federal
$175,505.—V.
(The)
such
Delaware
—
•Includes
1944,
,
the company was the
fermentation
processes
at
of
and; Swanson
in
Commercial
Inc.
activity
the company
Avenue,
4,894,890
2,349,895
changed in
Avenue
4,373,953
—
income
Business—Company was incorporated in Pennsylvania
under
the
name
of
Publicker-Ward
Distilling Co.
Name
Publicker
alcohol
2,583,720
deductions
417,101
and
1913
The
earnings.
■>
■
' --V
•■
!•
7,111,201
earnings
shipping
History
7%
-V/i+M
i:?
$6,899,688
if///:'
287.
p.
'
.V>/
!•;
'1945—8 Mos.—'1944
(Jacob) Ruppertr—Listing of Common Stock—
Net
of
Should the plan become effective, all the outstanding
preferred stock not offered for exchange will be called for redemption.
Pursuant to the plan pf exchange the holders of the
outstanding 7%
and 6%
preferred stock are to be offered in exchange therefor one
share of 4'/2% cumulative preferred stock for each share of
preferred
e
483,269
$575,898
preferred stock.
i>,
/i
.
680.
P.
162,
2,647,412
'
735,295
$94,785
113,466
Non-operating income
Net earnings
stock, consisting of 120,000 shares (no par), $2,918,250 of 7%
preferred stock (par $100), and $3,460,200 of 6% preferred stock ($100
par).
In order to reduce the dividend payments applicant proposes
to
retire the outstanding preferred stock, and for that purpose will
issue not exceeding 63,784 shares of 4,/z% cumulative preferred stock
be
$3,9971680
Cr279,370
credit-
refund
refunds
—V.
525,812
7,100,000
taxes._—
$4,217,390
2,730,642
.__
Rose's 5,10 &
94,706
270,000
taxes:
,2.419
$570,774
379,066
96,923
Period End. Aug. 31—
72,686
244,918
9,263,104
2,963
income
—V.
1,240,352
981,250
41,458
normal,
of
$3,625,450
Net
$4,220,353
$605,021
398,849
Operating revenues...
Operating expenses
32,669
$4,000;099
$571,122
348
//
Sales
mfg. oper.
shipping cos.
Combined
to
gen.
from
Renog.
4 authorized the company to issue not exceeding
cumulative preferred stock (par $100)
to be
ex¬
like amount of 7% and 6% preferred stock naw out¬
of
revenues —
Uncollectible oper.
rev.
taxes
1945—7 Mos.—1944:
$605,392
371
Operating
Operating
235,508
Sept.
report of the Commission states, in part:
applicant's outstanding capital stock consists
is
178,411,652
sold.'. 104,303,167 157,836,531
*, expense-.—iw
from
Debt
common
which
29,061'
6,085
Drl4,079 '
State;.taxes___—
standing.
The
58,211
in
Total
4>'a%
for
44,181
of
distrib. exps._
Post-war
$6,378,400
99,949
plant asts. retd.
on
Inc.
»
Potomac Edison
4,881
operations
2,231
25,267
442,351
Cost of molasses agency
Fed.
'
*
65,896,264
474,769
futures...
Advcrtising
$166,255
$132,927
________
Sell.: and
$164,024
$158,194
.
;
/ Net income
p.
37,847
38,270
;___
income
161.
21,532
31,212
___.
income.
operating
income
Gross
34,128
20,533
accruals—___.
112,492,278
Net
35,997
taxes.:-.:—;—^
reserve
sale,
products
257,188
v
f ''vrr*
Corp.—Earnings—
1945—Month—1944
Period End. July 31—
604,142
116,275,491
of
$550,461
x
income
Retirement
|
surplus.
Rochester Telephone
$.::r..
93,945
Total
Cost
-
$554,189
y
taxes
Porto Rico
T
161,
to
1942
$
116,176,665 177,715,555
dealing
commodity
Earnings—
;
Maintenance
—V.
-V.
1943
molas-
on
from
■271,010
*
transferred
Balance
^
Calendar Years
1944
$
marketable securities.
the
162, p. 1175.
/
»
Operating revenues
etc.__
income-———
Gains
PEPCO
with
'
<
/
al¬
handling—.-,*
ses
Portland
the
stocks,
preferred
returns,
Commission
capital stock
common
less
lowances,
into
the
.'
'
'
/'Under this alternative assets, shops and carhouses" would
>
.
V:'
aggregate principal
in the amounts indi¬
Philadelphia
(ho
! 'v
I
Co.—Plant Ordered Returned.
of
Stock
2,000
Stein
& Co._
Laurence M. Marks & Co.
may
2,500
5,000
Co,„
Rollins & Sons
H.
3,000
Co
5,000
Co
&
Hemphill,
for
Masten &
3,000/
5,000
Hallgarten
also
E.
Singer,
(Inc.)
com¬
business of the company and its subsidiaries,
including the recent increase in the production of alcoholic beverages
permitted by the War Production Board during the months of July
and
August, the payment of excise taxes upon the withdrawal of
whiskies in bonded warehouses and the
financing of accounts receiv¬
able.
3,500
?
priced to the public
was
the following banks
Bank
the
agreed
The Ohio Co.—
company
Philadelphia National Bank
First
ahcL
severally
follows:
as
Stock Offered—
York
New
and
6,000
-V.
Co.,
principal
chemicals
beverages and, in connec¬
solubles.
Company, is. also
,d .2,000
:•</
Chase
shops
Co.
presently
be
may
distribution
•
-
$14,075,000 with
cated:
Bankers Trust
Cumulative Pfd.
-
.
company
and
Jenks, Kirkland & Co
plant
Purpose—The net cash proceeds
(estimated,
applied to the payment of bank loans.
> /■
Company has short-term bank loans in the
-
the
of
the
distribution
Central Republic Co.
1950, and at $101 thereafter.
"4 '
Bankers Trust Co.
Registrar, Chase National Bank,
agent,
v
purqhased
in
.
York.
The
Electric
-Portland
last
-have
,
6,000
$104
Tradesmens
Filed—
week
products
trade.
subsidiary,
a
dried
.
Hornblower
is redeemable in whole or in
part upon 30 days''
per share if redeemed on or before July 15,
1950, at
or
before July 15, 1955, and at $101 thereafter.
The stock
redeemable through operation of the
sinking fund at $102 on
amount
Pittsburgh Equitable Meter Co.—Acquires Subsidiaries
:
corresponding
on
of /dis¬
of
A.
stock
new
at
102
or
Schotter, Treasurer of the Pennsylvania RR., 380 Seventh Ave.,
New York, 1J- Y., will until noon of Sept. 29 receive bids for the sale
to the company as of Oct. 1, 1945, of sufficient P.C.C. & St. L. RR.
consolidated mortgage bonds, series 'D" to "J," inclusive, to exhaust
the
feed
a
at $100 per share.
also
J
'
H. W.
j
for
these
and
poultry
through
grain
undertaken
Eastman, Dillon & Co.___
1175.
issue represents the first public
has ever undertaken.
The stock
notice
Cincinnati,
p.
are
Co.,
&
Offering of 100,000 shares of $4.75 cumulative perferred
stock (no par) was made
Sept. 12 by a banking group
headed by Merril Lynch,
Pierce, Fenner & Beane.
This
,
Pittsburgh,
kwh.
162,
Publicker Industries, Inc.—Preferred
because
opener
181,180,000
of 7,5% .—V.
company,
from
expanded
was
was
6,000
operating companies served by this corpora*'
Sept. 8, 1945, totaled 167,619,000 kwh., as
ended
alcohol
and
Drexel
&
Petroleum
military requirements,
general resumes full
in
according to Messrs. Phillips and Adams
,
week
with
decrease
a
require¬
Another New Well Discovered—
new
the
compared
will
petroleum
demand
but
for
,■
6,000
Engineering & Service Corp.—Output-
Electric output of the
tion
declared.
executives
,
more
time,
Co.,; Inc.-—---1
Whiting, Weeks & Stubbs t
Biddle, Whelen & Co.___J
—V.
Public Utility
to
The First Boston Corp
,
<
<of
shares
Lynch,
Blyth
>
992.
of
Fenner &
A.
to
and
producers
production
purchase
:
proxy
effective
time
Stock
series A
the
from
Shares
sale
company
become
livestock
the
from
direct
business
Merill
$6,581,000•
on
refunding is
drive.
declaration
p.
order
an
the
to
war,
Underwriters—The
to
because the stockholders'
18
line
production
the
production
fermentation residues,
grain
the
production and
number
mortgage
and
other
Additional
company.
therewith, distillers' dried grains and
engaged in the shipping business through a subsidiary, Paco Tankers,
Inc., and it has a 50%> interest in two ship management companies. :
,
Sept.
Victory
permit
inviting bids not
Oct.
on
later
about
of
SEC
of
purpose
opened
not
held
be
must
in
pleted
1971,
1, 1969, at 104.75
requested the SEC to
The company
solicitation material
meeting
l,
from
to
the
years,
and
public
from
Light & Power Co.'s first mortgage bonds
"
Dec.
on
Feb.
on
grains,
tion
price of the new security and the redemption value of the
New preferred shares not exchanged would be
sold and
proceeds would be applied to the redemption of the
present pre¬
ferred stock at $110 a share, plus accrued
dividends,
large orders also from allied gov¬
ernment for the rehabilitation and --'modernization:, of their coal mines."
—V. 162, p. 1175.
recent
over
distributed
The
the
the
received
company's
production of distilled spirits
lines—the
present stock.
companies have indicated
that
they
are
going
to
large quantities of heavy-duty storage batteries in the next few
Demand from the mining industry promises to continue at
months.
the
to
the
of
Cuba, the Philippine Islands and
elsewhere,
and
in
connection
therewith
secured
facilities
for
its
handling and storage; and entered the shipping business, becoming
associated in the ownership and operation of ooean tank vessels. '
'
preferred stock, share-for-share,
the
plant
bulk.
in
dried
molasses
162
.
offering
need
in
the
scale
Prior
preferred stock would be offered first in
exchange for out¬
new
added
been
sold
solubles,
by the Commission and by the company's
stockholders, the company will issue and sell at competitive
bidding
$22,500,000 of first mortgage bonds, series A,
maturing on July 1,
1975, and 98,500 shares ($100 par) cumulative preferred stock.
The
been
tillers'
approved
standing shares of the company's 5%
largest
,
charges, the company
refunding operation.
If
a
the
now
bottling and distributing branded lines of whiskies, gins
spirituous beverages.
Whiskey and neutral spirits have
other
also
dealer-manager
offer.—V
is
,
and
been
with
production
numerous
including fusel oil, absolute alcohol, proprietary solvents, ethyl acetate,
dry ice, liquid carbon dioxide, anti-freeze compounds, butyl alcohol,
acetone, butyl acetate, aldol, amyl alcohol, amyl acetate, acetic acid
and acetaldehyde.
V
Upon the repeal of prohibition in 1933, the company, through sub¬
sidiaries, entered the distilled spirits business, producing, warehousing,
deposited.
its
the
of
the
on
1945.
pre¬
11
for
have
The applicant,
however, reserves the right at any time
end of .the exchange .period, or any .extension
thereof,
the plan effective even though less than
80% of the stocks
Sept.
subsequently been expanded both
ethyl alcohoL and for the production
products
the
reduce
filed
has
and
the
Bank
plant
molasses
products
6%
and
time.
to
been
the
Heinritz
Mr.
7%
of
Public Service Co. of Oklahoma—Files Plan with
SEC
employment
after Army and Navy contract
announced on Aug. 23 by M. W..
'
stated.
the
less
1325
This
1175.
even
change, Mr. Heinritz said, has been to make it unnecessary to employ
part-time workers whose principal occupation was elsewhere.
"We expect an increase in our incoming orders, employment, pro¬
duction and shipments as soon as our principal peacetime customers
are
to
1945,
company has retained Alex. Brown :& Son as
aid
it
in obtaining acceptances of the
exchange
p.
Orders—
corporation's
12%,
last year by
August
1,
The
Philco Corp.—Has Large Battery
The
case of the 7%,-stock, including
only in combinations equaling whole
share, and for both classes of stock, a
equal
Nov.
stock from
Chemical
scribed
to
Is
in the
a
Co., as exchange ag"?nt, on or before
Sept. 17, 1945, 3 p. m., Eastern War Time, but the
applicant reserves
the right to extend the time to
Sept. 24, 1945, if it so determines.
The plan is to become effective
automatically if 80% of the out¬
standing 6% and 7% stocks deposited for exchange during the
464.
p.
to
holders of
to declare
.
adjustment
stocks
cumulative
the
of
$2,973,612
-
(incl.
-
Net
1943
567,816
revenues
Operation
Taxes
1944
plus,
therefor
outstanding preferred stock are to be invited to
deposit during the exchange period the certificates for their stock,
accompanied by a properly executed letter of transmittal, at the office
Philadelphia Suburban Water Co.—Earnings—
12 Mos. Ended July 31—
them
certificates
preferred
4%
by
cash payment of $5
a
The
'•
held
now
"
receivers
The
Financing—
Ry.—Plans Equipment
Seaboard Air Line
inviting bids to be opened Sept. 26 for $3,810,000
certificates, dated Oct. 1, 1945, and maturing In
instalments of $127,000 each from April 1, 1946,
The certificates are designed to cover 15/c of .he
are
Of
equipment trust
30
equal semi-annual
to April 1.
1960.
purchase price of new equipment with an estimated cost of
An
application for authority to issue the certificates has
with the SEC.V. 162, p. 1176.
,
$5,103,997.
been
mitters, direction
tronic submarine
Period End. Aug. 31—
$
Seles
519,696,259
79,025,580 540,264,605
72,768,785
-—.—
162, p. 716.
—V.
General—Dividends—
Securities Corporation
dividend of 5 cents per
have declared a
directors
The
share on the
and the usual quarterly dividends of
share on the $6 preferred stock, no par value, and $1.75
on the $7- preferred stock, no par value, both payable Oct. 1
stock, par $1,
common
ta^this
the company paid on April 2 a dividend
in cash on the common stock and on June 30 a dividend of
of International Utilities Corp.
common stock on each TO
Eecuriti&s Corporation General common Stock held.—V. 161,
Eo
■
-
year,
per share
to holders
of 5 cents
one share
shares of
p. 2489.
Period End. July 31—
Operating
1944,
Operating revenues-
was
orders
unfilled
of
hand
on
1,
July
of
as
___
rev..
1945—Month—.1944
1945—7 Mos.—1944
$11,680,119 $10,812,879 $81,066,167 $75,821,501
19,944
23,121
140,007
161,201
$11,660,175 $10,789,758 $80,926,160 $75,651,300
- -
7,811,800
2,523,133
7,507,916
2,016,412
52,981,603
18,483,629
51,108,009
15,430,206
income.™
$1,325,242
$1,265,430
$9,480,928
$9,113,085'
—
1,002,484
941,055
7,224,255
6,823,854
Operating, expenses
Operating taxes —;
have
amount
revenues
Uncollectible oper.
.
the last few years most of Solar's production facilities
been devoted to the manufacture o! war-time requirements.
During
Telegraph Co.—Earnings
Southern Rell Telephone -&
radar, radio receivers, '"walkie-talkies," radio trans¬
finders, electronic devices fbr mine detection, elec¬
detectors, electrically controlled motors, gun turrets
and guns, and motors and generators used in aircraft, ships and tanks.
Solar manufactures and sells interference eliminating devices widely
used in
airplanes, tanks, jeeps, ships and in many other electrical
installations.
•
"
cations have been
The
Co.—August Sales1945—Month—1944
1945—7 Mos.—1944
Sears, Roebuck &
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1326
*
Net
—V.
approximately $5,320,000.
it has been Impracticable to segregate war orders which are
subject to cancellation.
Of the orders on hand as of Aug. 1, 1945, it
is estimated that approximately 82%
are war orders subject to can¬
cellation.
Accordingly, it is estimated that approximately $950,000
of such orders are not subject to cancellation due to the termination
of the war, of which it is estimated that approximately $200,000 are
orders
for export
excluding Canadian manufacturers, approximately
$250,000 are jobbers' orders and approximately $500,000 are other non-*
war
orders.
A substantial
portion of the company's war business
(estimated at Aug. 31. 1945, to be approximately 75% ), however, has i
been cancelled following the cessation of hostilities with Japan..
The.
company anticipates that additional orders on hand may be calcelled,
and that most, if not all, of the company's war business will have
been cancelled upon the completion of the program of the Government
relating to cancellations.
;
oper.
income
Net
hand as
1, 1945,
Due to'the nature of the company's busl-,
approximately $5,500,000.
The amount of unfilled orders on
of July 1. 3.945, was approximately $5,870,000, and as of Aug.
pp:
162,
717 and
1376.
Qutput-—
Southern Colorado Power Co.—Weekly
ness
the week endqd Sept, 8, ,1945^
totaled
with 1,996,000 khw. for the
corresponding week last year, an increase of 5;6%.—V. 162, pp. 1176,
1029 and 882.
.v!'.-',
of this company for
2,107,000
kwh., as compared
Electric output
Electric Co.—-Earnings
Southern Indiana Gas &
$621,145
$592,040
252,684
3,221,901
61,081
756.861
201,049
189,685
2,624,075
______
$102,903
$96,850
$1,335,788
deducts.
23,060
23,304
260.653
$79,842
$73,545
$1,075,135
34,358
34,358
412,296
$45,484
$39,187
—it-
expenses
amort.
for
Prov.
0,984,281
and
deprec.
for
$7,49G,96&.
$7,938,627
244,423
64,508
Operating
-
.1945—12 Mos.—1944
1945—3 Mos.—1944
Period End. July 31—
Gross revenue
Prov.
.
taxes
750,134
.
2,555,006
.
,
-New Products—
Akron, O.^ The company will provide its tire dealers with a new list of products
and make available a sales aid program, Col. J. L. Cochrun, ViceSeiberling Rubber Co.,
,
sales, announced.
charges of
in
President
all of which will be made by recognized manu¬
household appliances, radios, bicycles, other wheel
goods, power and hand lawn mowers, and such automobile accessories
as batteries, spark plugs, seat covers, etc.—V. 161, p. 314.
The
>
products,
new
include
facturers
the
that
company
orders
such
of such customers as soon
as
they may
production.
Outstanding-Giving Effect to 'Present Financing
Capitalization
4'.
Gross
revenue
—
Exchange
•
80,643
charges
Fixed
*
5,221,727
1,576,471
-
-
for .depreciation-
Prov.
for
v'
$990;812
.'980,213
™--™-
-----
i-'
' \''•1
>*■•'
$1,108,816
'980,213
$1,163,295
.
Dividends
x
1,500,000
2,490,747
•:'■
profit
"
!
1,775,-328
130,911
1,500,000
1,674,007
'',T
v'-»
$183,082
$128,603
$10,599
$0.53
Surplus for half year
$0.51
$0.45
161, p. 2489.
—V.
\
Co.—Earnings—
Sierra Pacific Power
$224,049
82,051
19,854
244,372
20,775
L
23,000
surtax
23,200
-profits tax
accruals
10,260
Cr990
14,122
14,032
income—
$55,296
$50,425
Fed. -texoess
1,64.9
1,790
969,486
146,205
258,049
$656,697
7,637
and
Fed. mormal
Retire,
$2 626)173
261,583
277,300
99,990
172,368
94,907
17,015
22,105
$2,740,965
1,068,980
204,046
$222,002
Maintenance
reserve •
oper.
$52,215
•$66(4,533
8,447
8,187
106,017
-Net itacome
105.214
$44,028
$5b8$16
210,000
$380,538
210,000
Preferred dividends
Common dividends
"WV. 162, p. 717.
•
_•—
:
315,550
317,218
*
'jl2 Months .Ended
Operating
July 31—
f
1
i.
1,404,540
I
other than Federal
-•••.'*
•.
operation
$911,355
140,932
131,935
$1,082,995
$1,052,287
417,688
.
__™-_/._.
accrued
249,907
.
$951,060
earnings
Dividends
$638,890
$665,307
-
.
335,678
335,678
$329,629
on
sale of railway
investment equivalent to reduction in
income
and
excess
profits
resulting
taxes
from
of sales & expenses
Profit
from
Net
3,291
taxes
par
Federal
1,281,135
—
Net income
able Feb. 1 and Aug. 1 at Marine Midland Trust Go., New York, trustee.
Sinkink fund .equal to 5% of the consolidated net earnings, for the
shall be set .aside
on
or
,1046. and thereafter an amount equal to 10%
earnings for the fiscal year ended the preceding Dec. 31, shall bt
aside on or before May .1 or each succeeding year.
Redeemable at
time
set
any
whole
or in part,
on 30 days' notice, at lOlVaYc
and accrued
prior to Aug*. T, .1946, the premium decreasing by (&%> on
Aug. 1, 1946, and on each Aug. l thereafter.
Reimbursement, upon
application, of Massachusetts income taxes not exceeding 6%, and
in
interest
Maryland
and
California
income
taxes
not
exceeding 5%>,
on
interest
debentures,
and of Pennsylvania and North Carolina personal
property taxes not exceeding five mills per annum on each dollar of
taxable value «or principal amount of debentures.
on;
^
<
-Coinpany—Jncorporated in New York .in 1932. .Manufactures fixed
capacitors, also known as fixed condensers, the principal functions of
■which are ihe filtering or smoothing out of ripples when
steady direct
current is required to be, supplied from an
alternating current source
and the .holding hack of electrical currents of low
frequencies while
Permitting currents of higher frequencies to .pass.
Condensers varv
wmely in size, design,
Construction and jjrice, End are & ^necessary
construction of
element in
Solar
,
manufactures most
of
a
the
wide
types
variety of electrical equipment
transmitters,
television
hold appliances,
receivers
and
fluorescent lighting
axe
radio .receivers,
television
transmitters
equipment,
railroad
radio
house¬
signalling
devices, motion picture recording and reproducing equipment, electronic
aircraft -equipment and safely devices, electric
motors, .and diatheimv
and x-ray equipment.
Solar has developed electrical resting instru¬
ments
of
various, types,
known as .capacitor analyzers, primarily for
the purpose cf testing the electrical characteristics of
condensers by
xadio servicemen, laboratories, and in manufacturing test
'operations.
Condensers
Iiave
been
have
used
in
been
used
warfare.
extensively
Some
of
wherever
their
electrical
devices
principal war-time .appli¬
(a)
i
$112,.636
To
mortgage 4'/2%
first
notes
ditional
'■
refunding
that the Railroad company purchase the $15,985,500 of first
refunding mortgage gold bonds from Southern Pacific Co. at 105 andt
accrued interest to date of redemption, and said bonds will thereupon
be redeemed and cancelled.
Southern Pacific Co. has agreed to pur¬
chase from- the Railroad company all the $25,000,000 of bonds of
series D, at a price per $1,000 bond equal to the price per $1,000 bond,
paid by the several purchasers for the bonds of series C.
Southern
Pacific Co. has no present intention of disposing of the $25,000,000
series D bonds by sale, pledge or otherwise, but, subject to any.
necessary authorization by governmental bodies, has the right to do so
at any time.
'
^'
j • -t - * i ;
As a result of this financing,
the annual interest. charges of the
Railroad company on all funded debt toeld by the public will be
reduced by $1,270,190.
v.
*
"
posed
200,000
450,000
operations
(e) To provide additional working capital for possible inpeace-time' inventories
of
or
the
of
names
debentures
•
underwriters
warrants
to
be
and
purchased
485,000
the
by
respective,
each are as
i
follows:
No. of
•
Debentures Warrants
Alstyne,
Butcher
&
$150,000
500
...
Cohu
&
Torrey..
100,000.
„
Co.
&
Company—Southern Pacific RR. .was incorporated in California8, 1902, nnd in Arizona and New Mexico on March 10, 1902,
for terms of 50 years, as a consolidation of railroad companies, someof
the
predecessors oi which- were incorporated* as early as 1857
March
50C
..»■
.
500
100,000
...
A. G. Edwards & Sons
500
100,000
and
-
<fe
W.
Jenks,
Clucas
Kirkland
Co.
&
250
50,000
....
250
50,000
50,000
Inc.
___i
250
250
:
elsewhere, particularly automobiles.
During the war shipyards and
synthetic rubber, chemical and metal plants were -established in these
areas, certain existing plants were enlarged, and various military and
naval .bases were built or -expanded.
r
All
of
the
Railroad
company's railroad properties are leased to'
Southern
Pacific Co. under an
agreement dated June 26,
1902. as
issuable upon the exercise of the non-detachable warrants attached to
the-debentures .and 20,000 shares are issuable upon the exercise of the
underwriters.-r-r-V.i62, P.-A82.
petroleum
.
authorized to issue warrants entitling
the holders thereof to purchase on or before Aug. 1, 1950, at $10 per
share, 57,500 shar-es of common stock, of which 37,500 shares are
warrants issued to'the
of
are
has been
Warrants—Company
-
amended Jan. 2.
South American -Gold & Platinum Co.~10-:Cent ^liy.^The directors have declared a dividend of 10 cents per share on the
capital stock, par >$1, payable Oct. 4 to holders of record Sept. ,24, -A
similar distribution was made on May 9, last, and on May € and Oct. 5,
11944.—V, 162, p. .502.
South Carolina Power
The
:
lease
will
1917.
be
The lease is for a term expiring June 30, 1951..
to the lien of the Railroad company's
subordinate
'first.mortgage, \
I
.
.Capitalization—The
transportation
..
1945:
following
table shows the
capitalization
v
Separately
\
:
Operated
$634,216
.$644,711
400,137
revenue
""
1945—12 Mos.—1944
347/870
$8,238,351
$7,773,129
-4,801,817
-4,179,233
''
1
,
Operating expenses
for
deprec.
amortization
Provision
for
-
'
'
and
58,200
taxes
59,767
111,004
146/338
*.$64,874
$90,716
540,499
.1,646,021
1,817,118
CollateraLrtcustr^bonds
$1,084,277
$1,236,279
'
-
706,235
Int.
and
Net
Divs.
income
other deducts.
31,478
on
pfd.
52,730
597;786
$33,396
$37,987
$486,491
$590,840
71,432
645,439
14/286
i
-
$33,396
$23,700
Total
5.942.280
5.942,280
176,066,000
^415,058
$419,402
383.581,151
383,581,151
quali-
1,400
lying shares
completion
.1.300
2,700
this
financing, the principal amount of
mortgage bonds outstanding in the hands of the public will be reduced
the
by $18,473,500.
The
of
total
amount
shown
above
includes
$3,460,000.
.V'
■
'!■ z-yi'''■
_
'
.
■
'
f.
-
—V. 162. P. 882.
'/i;
'
Companies
176,066,000
^
3.772,763 shares (no par)
Other
companies—directors'
•♦Upon
■
Transport. + Affiliated
171,438
stock____
Balance
.
;
Southern Pacific.- Co.—
-
income
'
Controlled
System.
Debentuxcubonds
Gross
'
$47,949,436
$47,949,436.
326,090.300 $13,493,0005!339.583.300
Equipment obligations
Mortgage bonds
-
-
Solely
.
Gross
of the
and separately operated selclv controlled affili-'
outstanding in the hands of the public as of June 30,
"V;!"
r
~
system
ated companies
\
Co.—Earnings—
1945—Month—1944
Period End. July 31—
.
where
capacity
250
50,000
Mead, Irvine •& Co.
,
approximately three-quarters of
the manufacturing
California is located.
Among the products manufactured
products, airplanes, automobile tires, chemicals, flour'
and .other grain and food products, glass, cement and other construc¬
tion materials and various finished goods.
Plants are maintained in
these areas for the assembly or distribution of products manufactured
County,
250
50,000
Co.
McAlister, Smith & Pate, Inc.
Taussig, Day & Co.,
375
:
50,000
& Co.
&
375
75,000
Co.
Browning &
C. -Bradford
E.
500
75,000
■
(first.main track). Of this total.'
1,142 miles are classified
2,851 miles -will be sub¬
jected to the lien of the Railroad company's first mortgage.
The road
is operated,in .California, Arizona and New Mexico.
The principal.industrial areas served by the company's lines, directly
and through connecting railroad lines controlled by Southern Pacific
Co., are situated in the San Francisco Bay area and in Los Angeles
T.994 miles are classified as main lines and
as .branches.
Of the miles of road owned,
500
100,000
i860.
Company owns 3,136 miles of road
500
500
100000
....
...
J.
,
100,000
:
Hano
Schoellkopf. Hutton & Pomeroy, Inc.Doolittle, Schoellkopf &.Co.
Nelson,
500
100,000
100,000
^
_
13,250
100,000
Noel & Co.
Sherrerd
i
_
account advances, will be applied to the payment of the first
mortgage gold bonds.
There are $159,459,000 of first,
mortgage gold bonds issued and outstanding, of which
$15,985,500 are now owned by Southern Pacific Co. and $143,473,500
are outstanding
in the hands of the public, all of which are guaran¬
teed as to principal and interest by Southern Pacific Co.
It is pro-,
refunding
$90,000
war
Underwriters—The
The proceeds of the sale of the bonds (estimated $147,together with money to be paid to the extent necessary by
Pacific Co. to the Railroad company in reimbursement ol,
1955.
open
"pur¬
(d) To purchase new equipment deemed desirable for post¬
number
1,
000,000),
funds presently being used to provide ad¬
plant facilities to North Bergen plant, ap-
replace
Purpose—Company proposes to call for redemption on Jan. 1, 1946,105 and interest,: its first refunding mortgage 4% . gold bonds due'
Southern
Chicago
on
plant, approximately
...
provide funds to Solco, Inc. (wholly-owned sub.),
to retire mortgage on North Bergen, N. J., plant.!
'''it.
*
at
To
(c)
its
retire
To
(b)
the series B bonds,"
Stuart & Cp., Inc.,.
associates bid 99.41 for the
Jan.
?
-
V.
i
397037
will be used for the following
($1,425,000)
Purpose—Proceeds
Prov.
used. «:j;;
'®orae of the ^applications of condensers
1,104
with the above table it should be noted that the
annual interest requirements on the debentures will amount to $75,000.
poses:
three issues,
.
j
$510^73;
$321,957
$443,662
$233,918
—
.
series A bonds, due 1961, .with a 35$
coupon, but submitted no bids for The Other two issues.
Dated July 1, 1945; interest payable' Tah. 1'and July 1,
Uncon-<
ditionally guaranteed by endorsement as to principal and interest by
Southern Pacific Co; The issue and sale "of these bonds are subject to>
authorization by the Interstate Commerce Commission.
In the opinion
of Cravath, Swaine & Moore, these bonds will be legal investments for
savings-banks in the States oi California. Illinois, Maine, New Hamp¬
shire, New York, Ohio, and Rhode Island. ~ :
- \
^
« * :
and
before May
1,
of said consolidated net
,
iM, M ':
809,762
-
Loeb .& Co. .and associates submitted -the only "basket" bid!
which was 98.
Bidding'.for the issues separately,,
.Kuhn,
they offered 98 for the series A bonds, ;as 3s; 98 for
as 4s, and 98 for the series C bonds, as 4s.
Halsey,
connection
In
Newburger
$500
fiscal year ended Dec. 31, 1945,
in each case.
taxes
for
Johnston. Lemon •& Co.
and accrued interest.
debenture bears a non-detachable warrant
entitling the holder to buy 25 shares and 12Vs 3hares, respectively,
of Solar
common
stock, or an aggregate of 37,500 shares, for a
and
$1,000
The issues consist of ^25,000,000 27/g%
seriesjA, due Jan. 1, 1961, which are now offered io the
public at 99%%; $50,000,000 ;33/4%-series
due Jan. lr
1986, priced at 100%, and $50,000,000 3%% series C,
due Jan. 1, 1996, offered sX^93/4%," plus accrued interest
$509,-469
$1,131,719
Hemphill, Noyes & Co.
Hill, Richards & Co.
priced at
Ctffered-MA;
mortgage bonds.
$557,569
48,100
297
$1,724,797
603,655
before Fed.
Name—
period of five years, at $10 per share, the proceeds to be qp.plied to
redemption of outstanding debentures.
i
Dated Aug. 1, 1945; due Aug. l, i960.
Denominations $1,000 registerable as to principal,only and $500 not registerable.
Interest pay¬
i
$1,721,506
$837,573
,
Other income
15-year sinking fund debentures, due 1960, with nondetachable stock purchase warrants.
"The debentures
Each
Southern Pacific RR$ 125,000,000 Bonds
•$5,'441;064
5,683;495
$1,131,422
$833,606
3,967
income
Courts
,'were
$1,000*000 and
considerations of
for
Co.
banking group headed by Kuhn, Loeb & "Co. on Sept. 11
was awarded three new issues totaling "$125^j90;D0O lirst
for the
$1,232,631
101,209
$1/840,004
118,498
$881,608
48,002
opers.™
& amortization
Public offering was made Sept. 10 by a banking group
headed by Van Alstyne, Noel & Co. of $1,500,000 5%
1
Gas
respectively, subject to adjustment.—V, .160 p. ,1029.
*
1942
•
Van
Offered—
buy common'stock of three-utilities .from other
&
Water
Federal
by
$1,173,484/
^
\
•
Corp.—Debentures
asked authority from the SEC to sell $18,000,000 of
bonds, $9,000,000 of serial bank -njccs, amd- 281,842 \
stock, the money to be used for-redemption of
common
companies..-:'
,
,
.
,
,
Company proposes to buy for $11,000,000, subject to adjustment, the
Atlanta Gas-Dight Co. stock held by Consolidated Electric As ^Gas Ca
and the Mississippi .Public Service and Chattanooga Gas shares held,
-Calendar Years-
,1944
1943
$6,335,241 $13,992,339 $11,138,457
5,453,633
12,152,335
9,905,826
sales
Net
7property by subsidiary.—V. 162, p. 501.
Manufacturing
Solar
$80,000 on
1946,. and
and
1945
May 31,'45
$2.54
118,938 common shares.
street railway
Federal
consolidated
15,
Summary of Earnings
v.;
,
$303,212
$2.77
*
share
per
fFor loss on
of
'
413,396
preferred stocks
on
Balance
Earnings
Dec.
on
1947.
increased
'
r
296,570
has
mortgage
shares
,
*
Interest charges and other deductions—
Net income
126,370
•471,640
246,552
369,947
189,002
(net)
income
Net
•
■
.
Total earnings from
Other
.
agreement the company may borrow money from time -.to jtime tq an
aggregate principal Amount of not exceeding $1,600,000 at ariyfone
time outtsanding.
Amounts borrowed are to be secured -by assign- ;
ments from the company to Sterling National Bank & Trust Co.r of
New York of all moneys due and to become due on all terminated war
contracts and are to be evidenced by 90-day motes bearing interestat the rate of 3% per annum, payable at maturity.
During the life
of the agreement the -company must maintain net current assets ol
not less than $600,000 and pays quarterly a commitment fee at the
rate of 14 of 1% per>annumion the .average dally unused balance of
the maximum ,principal amount ;of the .loan.
Up rto the .present;.time:
the company has not taken up any part of this loan.*"•
■ *
"
$3,706,935
income—
Prov, for est. Fed. inc. & excess prof. taxes™
♦Special addition to reserve™
.
annually
$5,000
(net)...
1,499,978
163,814
■291,697
482,040
depreciation
for
:
T Loan—Company has -entered into a T Loan agreement with the
Sterling National Bank •& Trust Co., New York, creating a line of
bank credit terminating on May l, 1946, guaranteed to the extent of
80%
by
the Navy Department of the United States.
Under this
Prov.
$3,947,538
revenues
Maintenance
Provision
$1)
(par
first
, 67,688 shs.
248.312 shs.
$5)
(par
stock
1944
1945
Operation
Taxes,
Southern Natural Gas Co.—To Refund Bonds—1
'
Net
M l "Sioux City <*as & Electric Co.—Earnings
412,296
$533*42*.
$662,839
.
882.
p.
existing debt and to
9Due
Dec. ,15.
Deprec.
I
fund
$685,7.52
$56,945
—
Income deductions I-™
162,
Company
stock
Preferred
Common
Cost
$48,498
incomer
Gross
—V.
$90,000
1,500,000
(purchase money obligations)
debentures
notes
sinking
5 Mos.End.
pther income (net
^
mtge. 4%s%>
10-year
167,652
$677,519
8,232
stock—_
261,822.
$945,720
r-: t
Outstanding
Capital stock:
162,890
-
Util.
1944
1945—12 Mos.
1945--Month—1944
revenues
General -taxes
'
"M
,
Period End. July 31-
Operating
Operation
i
980,213
>
Earnings per share
f
1,731,013
1,593,004
taxes
& excess prof.
inc.
"
V TNet
130,969
1,500,000
—
-i.
Prov.
r-
$12,172,652
5,974,780
5,284,855
$11,135,739 $12,119,585
__
pfd.
on
.Balance
$1*207,543
;
'
5%
1943
1944
1945
-MonthsEnded June 30—
•
Divs.
:
..
.
■"First
Power €o.—Earnings—
Shawinigan Water &
v
other
and
Net income
the immediate requirements
be permitted to resume civilian
for
were
income
Gross
Int.
the company, during the past several months, placed orders
for civilian uses, for delivery when delivery could be made, stating to
of
<
~
'
:%
early termination of the war, certain cus-
Anticipating the possible
tomers
y 'y
-.i-.:
S3,,
.-',r
>';T
iwyi
'"if:-:.
;
■
Volume 162
called
bonds
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4421
for
redemption on July
solely controlled affiliated companies.
"
•
Net Railway
Avail, for
Y-
Fxd. Chgs "
petitive bidding.
mo.
bonds
Net
tConsol.
Income
Charges
Net Income
of
1941
32,927,207
12,448,504
20,470,843
23,034,139
Operating
61,392,807
24,660,432
36,719,660
41,847.065
Oper.
85,510,934
27,116,660
28,680,701
58,359,821
85,441,394
.-Net
34,758,577
9,315,611
34.573,667
Other
57,437,301
•
64.266,316
29,507,739
32,465,859
______
1940
39,178,303
29,862,692
------
28,428,410
36,141,865
30,007,291
6,134,574
1938
'J----.
14,297,003
23,890,987
30.719,995
*12,878,605
—i
34,-686,680
i
2,308,030
1937
31,460,288
30,703,495
*6,829,008
756,793
45,080,782
30,577,452
14,503,330
22,616,280
1935
-
20,319,880
* Deficit.
not
jointly,
bonds
"
-
the
listed
firms
*1,744,551
Ball.
Co.
Weeks
Burge
William
&
&
220,000
deductions
income
,
132,000
132,000
66,00*0
_
176,000
Sherrerd
2,000,000
352,000
66,000
.110,000
-
•
M. Dain & Co.
Davenport & Co.
1
&. Mejia_<
S.
Dickson
Dominick
Drexel
&
St
&
Co..
,
Eastman. Dillon
&
88,000
440.000
2,000,000
66,000
-132,000
First
Glore,
St
660,000
Swift
of
Spiegel,
Inc.,
subs,
other
railway
subs.
$47,236,593 $46,252,188 $93,868,691 $92,387,508
12,656,751
12,125,664
22,484,785
22,128,207
1,283,004
1,149,838
2,351,683
2,122,960
&
depl. res
than inc.
440,000
88,000
income
2,000,000
2,000,000
Prov,. for
860,000
2,000,000
352,000
352,000
110,000
110,000
220,000
220,000
44,000
88,000
88,000
taxes—
used
to
of
.
Hayden, Stone & Co.
Heller.
Bruce
&
'__
Co., Inc.
3,497,826
6,508,786
4,170,595
___
Co.
Henry Herrman
& Co.
Hill, Richards & Co.
44,000
4,180,319
___
132,000
88,000
Gross
Int.
r
330,000
660,000
W. E. Hiitton & Co.
1
330,000
660,OGO
110,000
44,000
66,000
220,000
of
the
great
132,000
132,000
2,000,000
132,000
Co.
Johnson, Lane, Space & Co., Inc.—
Johnston, Lemon & Co.
Kalman & Co.,
Inc.
Kidder, Peabody & Co.
Kirkpatrick-Pettis Co.
Laird, Bissell & Meeds
1,000,000
66,000
Langlcy & Co.
Lee Higginson Corp.
Brothers—
:_
1,000,000
Laurence M. Marks & Co.
110,000
Securities Corp.
Merrill
Lynch,
Fenner
&
*
!_
Merrill, Turben & Co.
__■
Metropolitan St. Louis Co.
_
Murch
St
1,000,000
Pacific
Northwest
Paine.
Webber.
Co.
Jackson
&
Curtis—
220,GOO
132,000
132,000
132,000
330.000
Total
1,300,000
Corp.,
660,000
660,000
Taxes
860,000
Co.
&
Chas.
W.
William
R.
Bros.
&
Stroud
Swiss
St
H.
Walker
—V.
Witter
162. p.
132,000
132.000
220,000
110,000
440,000
440.000
Other
220,000
330.000
660,000
660.000
352,000
440,000
Foremost
176.000
352,000
352,000
660,000
660,000
.
Inc.,
Operating
Operating
General
Fed.
•
above.—V.
Net
1,391,339
&
150,
p.
161,
p.
224,846
1945,
897,226
567,400
$561,882
$2,217,587
12,111
the
Electric
1,774,340
3,534,324
3,550,406
39,463
39,766
79,128
int.
21,309
15,718
46,578
79,637
37,427
disct.
Operating
oper.
the
income—
Net
Net
operating
income
$3,619,578
$390,650
months
12
$5,177,407
$5,581,395
for
ended
12
months
June
30,
ended
1944,
of
June
30,
provisions
and
Co,
in
guarantees and
subsidiaries consolidated, *
Gas
Electric
St
Madison
$567,901
$2,229,699
754,618
Light
St
Divs.
from
$377,007
$1,475,081
Co.
(Delaware)
Power Co. and
not
Co.—Earnings—
1945—Month—1944
&
Electric
177,000
200,420
6,397
,
interest
1945—7 Mos.—1944
$14,028,115 $12,455,504 $96,379,027 $85,998,017
rev.
18.639
20.952
15C.865
162,528
—
Legal service
Taxes
—
(other
than
as
a
401
Co.
TACA
and
1945—12 MoS.—1944
$5,824,696
$5,414,943
354,000
——
income
$14,009,476 $12,434,552 $96,228,162 $85,835,489
9,273,919 , 7.734,153
59,544,575
52,885,690
3,094,323
3,106,614
25,147,664
21,873,278
6,938
521
$2,679,623
Co.,
Int.
on
Amort,
$1,641,234
1,370,990
Registers Issue with SEC—
$1,593,785 $11,535,923 $11,074,521
1,302,934
9,667,814
9,024,119
*
/
and
Taxes
Other
funded
of
debt—
debt
assumed
interest
company has registered $75,000,000 new 40-ycar 23/i%
deben¬
tures, due Oct, l, 1985, with the SEC.
The issue will be sold at corn-
Net
p.
foreign
opera¬
pledged- aircraft
with interest at 4%'.'
Douglases
10
it
to
TACA's
aircraft
will
be
will
able
fleet, Which now
acquired
soon,
be
compete
on
an
equal
"...
.v(
-,4
444'./?'
investment
Jack
bankers, One Wall Street, New York,
Frye,
President
of
of TWA;
John
H.
Engineering, of TACA;
Switch & Signal
Co.,
board
the
•V.
Todd
of
&
construction
of
162.
Brown
of
TWA,
Engineering Corp.,
Rockefeller
and
Lowell
New York,♦ who directed
Center; T. B. Wilson, Chairman of the
Yerex,
President
819.
p.
of
TACA
Airways.—
,.,u
....
Tampa Electric Co.—Earnings—
Period End. July 31—
.
b'u
1945—Month—1944
1945—12 Mos.—1944
$629,899
$592,834
$7,651,119^ $7,132,370
320,923
revenues
298,270
3,919,704^^3,659,747
Maintenance
37,090
27,788
523,452"*
53,007
46,080
675,138
78,400
715,400
taxes
Federal
taxes
inc._^
73,400
accr.__
40,833
35,833
income_
$104,644
$106,462
$1,317,423-
res.
■
'
*- 450,614
7-'iT 549,279
500,000
on
801,270
>'
Utility
Other
oper.
430,000
income
(net)
439
-
219
$1,241,458
^ ' 3,i28
Gross Income
Income
$106,681
3,165
3,086
$101,918
$103,595
deductions—int.
1w
Net/income
Pfd.
$105,083
—
6,073
—
$1,323,496
78,876
$1,244,621" $I;207,605
j___„ '''
dividends
divs.
paid_________-_
Period End. July 31—
$6,185,634
$5,817,273
302,199
294,087
Operating revenues
Operating expenses
51,801
136,870
108,556
Federal
—
taxes
25,193
56,950
56,060
22,000
89,000
60,000
$2,202,584
$5,600,615
$5,298,570
1,764,312
1,774,340
3,534,324
3,550,406
39.463
2J.309
39,766
15,718
79,128
79,637
46,578
37,427
Prop, retir. res.
Amort,
of
approp.
limited-term
1945—Month—1944
$1,481,144
Net oper. revenuesOther income (net)_—
■
i:
1945- -12 Mo3.—1944
$1,395,163 $16,915 333 $16,004,023
601,108
314,519
72,699
100,000
226,955
65,657
100,000
359
investments
TV--.T
Co.—Earnings—
646,760
taxes
956,427
$288,185^|248,261
Y
Texas Power & Light
2,916
K
'
956,435
.Balance.' _____________
-V. 162, p. 884.
Other
$1,244,587
* .36,981
276
$346,807
$401,167
7,067, 231 '
722 612
6,369,894
'2,828.897
817, 257"'":f > 767,262
; i,2oo;ooo
1,200, ooo
4,493
5,093
$7,103,140 ' $4,833,477
6,373
8,360
102,422
$353,180
$409,527
$7,205,562
,
; 1-07,4491
disct.
—
on
—
income
162,
and
the
A.
May, Vice-President of the Union
Pa.; Kenneth H. Murray of the Donald M. Murray Co.;
Benjamin F. Pepper, President of the Pennroad Corp., Wilmington, Del.,
and Triumph Industries. Elkton, Md.; Frederick M.
Peyser, partner of
Hallgarten & Co., New York, N. Y.; Webster B. Todd, Chairman of the
-
int.
—
Gross income
Interest,
289.
$555,349
$372,760
etc.,
—
$4,940,926
113,857
201,339
$239,323
charges-
$208,188
$2,718,021
$2,617,257
preferred stocks——
865,050
865,050
4,487,541*
2,323,669
Cr725
—
Net
—V.
of
Washington
the
York, it was announced
international
Lockhart; Charles E. Mathews, Vice-President
143,905
'
The
Airways'
that
are:
$2,445,483
$2,380,433
income
expense
credit
purchase
of
;
directors'
142,884
♦
inc.
;__J
Gross
Bank
401,809
';
36,000
Federal
equipment
an
Additional
confident
Walker &
Only)
24,391
for
arranged
airplanes.
Retirement
inc.
taxes)
Prov.
\
•
stated
95,915
—
expenses
-
dis¬
June
(Standard Gas
Income
others
income
.
General
$1,501,708
.
2041.
purposes,
ended
months
Period Ended June 3Q--?
1945-r-O Mos.—1944
Divs. from assoc. COS—
$2,496,226
$2,244,662
808,398
$362,262
H.
Com.
$2,310,106
190,893
p.
can
Lockheeds
aforesaid
of
161,
Export-Import
Operation
on
ceased to be an affiliate of Standard Gas St
comparative
Statement
sets
TACA
is
Operating
taxes,
Louisville
1944,
12
has
___
expenses
taxes
1944;
30,
for
company
For
and
tax
Operating
$3,951,317
periods have been further revised to give effect to
adjustments recorded subsequently but which are applicable to these
periods.
Total
revenues—
Operating
Cr725
—
latter
sub¬
usual
its
radio
its
Swissvale,
investments
Co.
months
company's
from
of
A.—Arranges Equipment Purchase
'/
1
Herbert
Philadelphia
its
The
orders
production
New York,
1,764,312
Corp., fiscal and admin.
Uncollectible
60,000
therefore, the figures for the
30, 1944, as above, reflect the
'elimination 61 the accounts of Madison Light & Power Co. The figures
six
2666.
revenues
89,000
$9,248,140
and State income
to
of
Misc.
Period End. July 31—
G.
22,000
Other
debt—
September,
46,667
Southwestern Bell Telephone
Operating
56,060
36,000
$8,837,437
June
fixtures.
received
New Addition to Board of Directors—
108,556
$5,449,402
$368,800
and
has
capacity
John D. Warren has been nAmed to the board of directors of TACA
Airways, S.A.
(Sociedad
Anonima), parent company of the TACA
airlines in Central and South America,
Mr. Warren Is a partner in
56,950
$5,776,401
on
lights
Corp.,
assure
$6,500,000.—V.
the
in
use
52
TACA
136,870
>
$2,263,439
6,019
modern
51,801
—
ended
and
result
2,368,300 >■: 2,197,200
164,267
-
294.087
Co.:
debt
net
posed
1945—12 Mos.—1944
1,022,468
to
of
further
25,193
'
interest
din
$526,529
.
of
present
the igrjeater part
in the process of
,,
for
24,391
in-
taxes
company'^
of
be made up to 80%
of
payable in 36 equal monthly instalments,
95,915
assumed
returned
7,656
"
v
302,199
SFor payments made by Philadelphia.Co. under
$518,873
deducts.__
■
'
the
cancellation
Mr, Lockhart, former TWA Secretary and Treasurer, was loaned to
TACA last year to reorganize TACA's
operations and financial affairs.
He has resigned his position with
TACA, effective Sept. 1, to resume
his former duties with TWA.'
.....
adm.
expense
months
4141.
549,600
income
Net
and
for
income
other
$9,766,843
SRepresenting amounts equal to estimated reduction in taxes
resulting from bond refunding by subsidiary companies.
$2,592,594 $11,054,248 $10,396,139
* 1,238,465
5,445,892
5,038,274
261,415
(net)
$9,422,456
income
excess
income
income
Gross
__i
&
taxes
oper.
Other
—V.
$2,720,627
taxes
profits
Int.
revenues
expenses
income
$5,692,301
143,905
to
said.
to
basis with Pan American for post-war business.
„
1945—3 Mos.—1944
,
521
—
Elec,
for Federal
Southwestern Gas & Electric Co.—Earnings—
Period End. June 30—
401,809
6,938
142,884
funded
Consol,
352,000
352,000
330,000
Dairies,
354,000
401
i
related
the
Bank will provide 90% of the total credit'.'
Mr.
that
this
step completes the refinancing
inaugurated
early this year with the sale
of
$1,400,000 of convertible debentures.
Proceeds have been used to add
and
'Including electric power and gas purchased and amortization of
leaseholds, etc.
tlncluding $205,400 for 1945 and $188,250 for six
Southwest Dairy Products Co.—Acquired—
See
200,420
and
excess
Export-Import
board
440,000
176,000
.
;
352,000
220.000
Co.
- v
177,000
Co.:
tha
for
in
estimated
f
cost
a
for
includes
220,000
176,000
1
212,361
$6,075,591
Elec.
&
'
Taxes
Co
1029.
Amort.
220,000
2,000,000
& Co,
Radio
through
Lockhart
•I 20
net income—
on
220,000
Corp,
&
212,775
taxes)
Gas
2,000,000
Co., Inc.
:
Weeks & Stubbs
Wisconsin
106,181
$9,152,152
Income chgs. of Stand.
Int.
1,000,000
&
Whiting,
Dean
66,000
Inc.
106,505
for Fed. inc.
110,000
Blodget,
f_J
Inc.
132,000
1,100,000
:
and
cos._
6,397
other
and
war
fluorescent
Borrowings
are
The
*
—
$8,848,743
businesses
announcement
the
corporation
tions.
$5,385,299
(other, than
Consol.
2,000,000
Anthony Sz Co.
Weeden
The
Co.,
132,000
1,100,000
s 2,000,000
and
at
destined
394,232
v.-"'
JO
not
issue
office
program
service
Prov.
88,000
550,000
Boyce__—_
American
Tucker.
G.
&
Webster
38.000
1,000,000
Staats Co.
Stein
•
stock
Sept. 8 by John M. Lockhart, Executive Vice-President.
The credit
be*available for a period of 18 months,
and can be used to
the purchase of aircraft and
related parts arid equipment
and
Stand.
assoc.
&
come
352,000
will
1,500,000
66,000
"
__
Barney & Co.
Stone
352,000
1,500,000
44,000
Scranton & Co.
Shields & Co.
Smith.
176,000
Sons, Inc.
Stringfellow—
Scott
660,000
750,000
&
142,134
*
Octi
held
stock
finance
8,088,386
cos.—
of
fiscal
Legal
660,000
St
8,029,850
216,142
-—•;—
expenses
860,000
H. Rollins
137,940
——
Gas
330,000
Putnam
3,998,339
Exps. & taxes of Stand,
132,000
on
843,144
$9,599,780 $17,020,727 $17,634,770
4,006,632
interest
430,000
E.
934,700
be
new
Commercial National Bank & Trust Co. of New
$5,785,689
from
Misc.
132,000
132,000
470,630
will
preferred
tbis
of
to be started
war
This
undistrib.
inc.
Divs,
Phelps, Fenn St Co.
Pressprich & Co.
494,379
$9,930,261
t
from
R.
W.
in
Divs.
220,000
66,000
:
____
650,000
the
sufficient
$1,000,000
misc.
—
of
proceeds
Credit—,,
■■
2,000,000
66,000
Cook & Co.
The Ohio Co.
t
issue
new
TACA Airways, S.
Gas & Elec. Co.:
110,000
2,000,000
1,300,000
765,425
income
Other
110,000
110,000
66,000
*
Co.
Newh&rd,
&
capital stocks
by public,.
I
220,000
.
845,573
the
Bal. of income of sub.
*
110,000
1,084,380
382,712
•
422,787
cos.
110,000
>
566,876
115,558
892,237
829,758
1,
int.
net
500,000
220,000
*
5,512
other
of
Colonial
new
a
486,000
42,247
stockholders
the
a
the
a $I,OOO.OCO rehabilitation and building
as soon as posible.
Included in the plan will
building.
)
The company stated that it does not intend to
acquire: the building
.erected by the Defense Plant Corporation for its
occupancy-early in
be
1,444,598
1,155,808
for
•
<
Symington-Gould Corp.—Plans Expansion-^
on
held
Min.
660,000
220,000
1,425,410
486,000
Cr4,437
2,000,000
110,000
55,000
*
660,000
55,000
Minsch, Monell St Co.."
Morgan Stanley & Co.
F. S. Moseley St Co. w_____
Divs.
-
2,000,000
"
'2,000,000
'
™
330,000
.
500',600
220,000
1,000,000
Pierce,
"Bean'e
Maynard H.
"
722,773
reserve
his
396.
The company has announced
I>r527,411
671,358
reserve
m&ke
p.
for many months, it was stated.—V.
161, p. 2228.
-v
'.vi;,!: ^v'.'-'1;,■
•'iv'••.ii\..■ i'V:;'"*vV;
7,040,061
730,525
(net)
deductions
1,496,000
2,000,000
"
250,000
interest
Balance
132,000
132,000
(net)_
expense
Sundry amort.
440,000
743,000
V, McDonald & Co.
Mellon
132,000
132,000
&
revaluation of assets,
132,000
440,000
1,496,000
exp.
end
bulbs
sidiary,
disct.,
§Approp, to
Approp. to
2,000,000
220,000
.___
Other
660,000
66,000
W. C.
Lehman
66,000
-
_
88,000
660,000*
.
debt
to
162,
company's war contracts, the company is
its
operations from
war-time
to
peace-time £ products.
production is being expanded as far as possible to meet the
demand now in evidence for such products as ,radio tubes,
customers
$17,305,975 $16,712,712 $31,141,733 $31,109,278
4,231,344
4,441,694
8,669,623
8,927,546
debt
&
disct.
88,000
Illinois
of
Aires
Treasurer.—V.
converting
.
Br632,802
acquire
tSpecial amort, of debt
220,000
88,000
The
'
funded
on
prem.
38,000
;
income
Amort,
132,000
A. Hogle St Co.
Hornblower & Weeks
Dr266,673
Buenos
Merson of Buenos Aires has been
A. J,
Civilian
$17,631,854 $16,979,385 $31,774,535 $31,636,689
Br325,879
•<
between
$10,000,000 and $12,000,000, depending upon,
of stock issued, the company
expects to use $3,864,250
outstanding 3'/4%
sinking fund debentures due June 1,'
the
program
352,000
88,000
66,000
44,000
J. J. B. Hilliard & Son
Y J.
Net oper. income
tOther income (net)
to
return
made Assistant
Of
business,
With
1,109,397
7,847,362
8,834,754
*
located
now
to
the
lines
7,942,378
1,126,529
*
director
a
Secretary and Comptroller of Compania
will
and
shares.
amount
call
lamp
—
retiring
be
will
-
McCurdy,
The remainder will be used to finance the expansion
pf plant
and working capital considered
necessary in order to,enable
company and
its subsidiary to meet the indicated demand for
their products.
It is also possible that a part of the funds -will be
220,000
176,000
220,000
352,000
7,877,452
538,448
3,238,482
Fed. inc. taxes
profits
2,000,000
176,000
amount
860,000
1,000,000
3,927,584
520,954
Prov. for Federal excess
2,000,000
88,000
Haupt & Co.
4,012,801
,
who
•
and
an
the
Pro v. for State and for,
taxes
been
1957.
13,444,051
13,327,073
;"1:..... •vr*-,'
.
taxes)
352,000
88,000
88,000
6,698,392
Treasurer,
as
has
past 10 years, prior to
& Libby for 13 years.
facilities
_
6,768,644
(other
.
440,000
2,000,000
,
.
depr.
Taxes
Mr, " Bliss
the
McNeill
William
that
meeting of
authorizing
of
to
1945—12 Mos.—H1944
Total —$61,176,348
$59,527,690$U8,705,159$116,638,675
♦Operation
21,371,752
20,311,717
42,002,288
40,845,939
and repairs
3,461,266
3,394,019
7,136,764
6,889,776
Approp. for retirement,
r
660.000
special
120,000
to
—
director
a
of
the
revenues—
Gillies
J.
for
-
,
announced
Interpacional
purpose
•
1945—6 Mos.—H1944
R,
1945..'
1,
Co..
Libby,
Sylvania Electric Products, Inc.—Proposes New Pre¬
ferred Stock Issue and Retirement of 3^4% Debentures
A
street
Co.)
•
St
of
permanent headquarters there.
elected
Subs.)-^-Earnings—
and
Philadelphia
succeeds
also
Oct.
Swjft
Chicago, has been appointed
Maint.
2,000,000
\
Hayden, Miller & Co.
,
and
of
*
352,000
„430,000„
sales
88,000 <
<
*
1,000,000
44,000
Inc
retail
is
of
Comptroller
was
Bliss
duties
hew
Treasurer
he
1946.
in
"
Pittsburgh Rys.
misc.
1,000,000
St Co.
and
hi.s
assume
It
$6,192,938 $40,161,976
mall, order
—
Other
44,000
MacGregor,
Hallgarten & Co.
Harriman Ripley &
Ira
-
Gas
*
176,000
Corp.
include
.
220,000
Boston
Forgan
Glover
incl.
Electric
*-
132,000
_l
in
8 Months
.
440,000
__
will
Assistant
Mr.
Month
!
Period End. June 30—
176,000
.
$1,549,738
s
Joseph O. Hanson, President, announces that J. H. Bliss has been
elected a director and appointed Vice-President and Treasurer.
He
Subsidiary companies:
Qper. revenues:
220,000
176,000
Co.
Fahey, Clark & Co.
The
88,000
330,000
1,000,000
Co.
Elworthy & Co.
Equitable Securities Corp.
$1,263,640
^
____
net sales—
figures
.
88,000
*
220,000
.
&
'220,000
88,000
88,000
220,000
Dominick
$1,932,469
392,731
,
j
.
Swift International Co., S. A. C. (Compania Swift In¬
ter nacional)—Changes in Personnel—
^,1
\
2,300,097
$1,577,797
314,157
—
Standard Gas & Electric Co. (&
(Not
132.000
88,000
—
ments to store properties.—V. 160, p. 2336.
comparison with 1944 sales is submitted because only mail order
sales were reported in 1944.—V. 162, p, 1030.
440,000 *
-.
44,000
Inc.
Co.
Estabrook
"■
110,000
:
_
R. L. Dav & Co.
2,817,140
___
No
2,000,000 ^
" 352,000
-220,000
44,000
44,000
-
$4,232,566
subsidiaries.
88,000
440,000
___•
These
and
'.352,000
•
132,000
220,000
•
__
Burr, Inc.
•
88,000
-
352,000
1.000,000
391,233
$4,394,937
-
132,000
88,000
176,000
Sons
&
■-
88,000
>
—
Series C
132,000
44,000
44,000
$3,841,334
131,721
1211.
jp.
Consolidated
220.000
66.000
z
$4,263,217
company's modernization program, which includes
completion of air-conditioning equipment, installation pf
additional escalators, and other extensions and
improve¬
Spiegel, Inc.—August Sales—
660,000
110,000
Co.
J.
R.
Co. Proceeds of the loan will be used in connection with
$337,106
Period Ended Aug. 31, 1945—
$2,916,000
660,000
V
$361,021
in St.
the
5,687,648
which
'
Series B
__
Cooley &• Co.
Davies
•'■"■v.
$2,916,000
_
Inc.
Brown
Coffin
V-
$1,458,000
Kraus__
Blair
Butcher &
operating one of the leading department
Louis, has effected a 20-year 3% sinking
fund loan of $2,250,000 from Metropolitan Life
Insurance
Co. Arrangements were effected with
Goldman, Sachs Sc
stores
1945—12 Mos.—1944
$348,738
...
Private Loan-
—
Company,
;
$9,528,982
£;\ ,;189
—
Balance
severally
330,000
Harden
&
St
agreed,
.
Y—_____
Eichler & Co.
Blyth St Co.,
Alex.
have
Series A
&
Allyn & Co., Inc. _l
Bacon, Whipple & Co,
Baker, Watts & Co.
•
Bateman,
Stix, Baer & Fuller Co., St. Louis
re¬
:
11,632
$360,832
13271
the
and
$866,184 $10,523,304
529,077
6,260,087
571,170
income
.Gross
-V." 162,
series
■
Loeb
first
Co.—Earnings—
1945—Month—1944
revenues-
income
Net
the company the principal amount
set forth after their respective
from
respective
A. C.
Baker.
below
Y'YY y^'y^y ■,.YY'Y'YY""
•
Kuhn.
several
to purchase
of
names,'-1-
proceeds from
;
,
,
"Accrued dividends cumulative preferred stock-
+Of Southern Pacific
Underwriters—The
the
the
$30,000,000
vY
$932,001
—
deductions—
oper.
,
of
of
1, 1946, of $45,000,000 3Va %
*3,391,018
11,161,957
-
2,346,590
30,578,542
32,925,132
revenues
rev.
Income
Transportation System and separately
operated solely Controlled affiliated companies, incluijing consolidated
adjustments.
'
and
1946,
June
7,146,349
1939
1936
devote
1,
on
67,133,187
80,282,856
102,501,810 108,996,398
_L—_
Jan.
1968, and
Period End. July 31—
.
77,242,817
1943
retirement
bonds of
Southwestern Public Service
;
52.449,389
1942
The company plans to
the
1964.—V. 162. p. 1211.
28,253,468
1944
.
to
funding 3%
$26,142,252 $28,999,689 $11,698,492 $17,300,522 $19,538,871
mo.
1944.
operated
System Earnings
".
"
; Fixed
Income
YY;Y Operating
Income
tSeperately
offering
Pacific Transportation
Southern
1945.
1945.
1,
$1,940,585
$1,631,825
income
Dividends
—V.
applicable
162, p. 610
to
$14,366,38$; special deposits, $5,110; working
cash Investments, U. S. Govt, obligations,
$1,966,000; notes receivable, $425; accounts receivable, $1,614,688; ma¬
terials and
supplies. $370,897;
prepayments, $63,766; other current
and
accrued
assets,
$17,281; total deferred debits, $124,623; total,
in
Bp Returned—
Texas Co.—Plant to
.
StabHwatlo^ on SepL e
the cornpjan? £ P.IaI^
" by the Petroleum
^
\
of Economic
Director
Davis,
H.
William
he had approved the return of
Tex., which had been
seized
Administration for War.—V. 162, p. 884.that
announced
Arthur,
Port
at
Liabilities—Capital stock $10 par), $106,533,022; first mortgage and
trust
bonds, 3%
series due 1962, $100,000,000; accounts
payable, $889,910; dividends declared, $1,597,995; customers' deposits.
$996,916; taxes accrued. $4,059,553; interest accrued, $786,113; other
current
and
accrued liabilities,
$36,968; deferred credits, $85,080;
_
$321,907
$404,238
$2,238,098
193,232
1.372,063
1,349,402
$211,005
3.337
$866,035
33.102
$1,150,389
15,831
$214,343
$1,166,221
$43,860
Total taxes
Total
•
Total
•
"A
,i ' <\, \
.[
deficit
Net
162.
V.
;
,
«.
•.
169,839
171,797
$899,137
1,203,231
$31,161
Cr$42,546
$304,094
$138,678
income.-
gross
deductions
Total
\ ,>
T-:'v
/•'.
Total
6,514
income
non-oper.
■r.VT —
$132,164' ^
income.—
oper.
r f
property retirement reserve, $6,022,262; reserve for future losses or
adjustments with respect to capital assets, $32,218,209; reserve for
uncollectible accounts, $40,146; reserve for inventory adjustment, $24,-
$2,499*791
189,743
rev.,.
oper.
Approval Sought for Sale of Pipeline—
1,210,087
to
transmission line.
is to
United Gas
Co.—Transfer Agent—
Rapid Transit
Twin City
been appointed New York
convertible prior preferred
Farmers Trust Co. has
for 90.000 shares of 5%
stock of $50 par value.—V. 162, p. 1212.
Bank
City
The
agent
transfer
Union Electric Go.,
Total
operating
taxes..—
income
4,128,900
1,552,000
64,900
59,900
1,201.000
786.000
——
556,200
552,100
5.187,810
operating revenue^———
Non-operating revenues (net)—
'Total deductions
Income Statement (Company
operating
;
expenses
operating revenues——
Total non-operating revenues
—
•
$11,095,135 $10,574,142.
3,772,071
3,449,070
.a
—-
deductions
Operation
•
$7,323,063 ; $7,125,072:
1,385,178
1,325,000
—:»a—a
preferred stocks oi the company..
for
Balance
162.
.*t
„
r>
.
\* ;
'v'
$5,800,072
$5,937,885
dividends and surplus—
common
53.
p.
•
'' s
\
•
'"v'
,
'"A
.
for equipment replacement, the company
lias arranged to finance the purchase of approximately $10,000,000 of
new
equipment through the medium of conditional sale agreements
•with a group of banks headed by The Northern Trust Co., Chicago.
Proceeds of the financing are to be used in the purchase of 1,000
box cars, 500 automobile cars, 40 Diesel electric switchers, and five
Diesel passenger engines.
Repayment will be made over a period of
eight years in equal monthly installments.
Associated with The Northern Trust Co. in this financing are New
York Trust Co., Central Hanover Bank & Trust Co. of New York,
Manufacturers & Traders Trust Co. of Buffalo, Northwestern National
Bank of Minneapolis. First National Bank of St. Paul, First National
Bank
of
Memphis, Second National Bank of Saginaw, Mich., and
162.
1212.
p.
Operating income
The directors have declared
a
regular dividend of 14 cents
payable Sept. 20 to holders of record Sept.
cents
Stock
March
on
Fund
March
2569
Union
the
20
20
17
and
per
share
June
20,
last.—V.
13.
Payments so far this
shares were as follows:
on
of
161.
June
7
cents
distributions
shares,
and
Fund
Stock
Preferred
cents
pp.
1584
On
20.
each
the
were
and
247;
V.
Common
made
159,
on
Total
oper.
revenues—
Total
oper.
5.882,374
!
;,
23,937,871
22,107,833
2,137.324
—
5,519,775
1.723.518
1.133.519
9.615,737
9,374,717
4,818,721
Fed,
Prop,
21,994,553
_____
Net
Interest
revenues--
income
11,905,980
2,787,984
debt—
Amortization
and expense
discount
debt
of
Interest
on
250,257
537,730
251,779
$2,719,050
$2,727,737
11,837,580
530,110
_a„__
$13,250,484 $11,506,373
750,000
debentures-
on
on
bonds
—a——
mtge. bonds
Interest
Interest
collat.
616,667
1,500~;000
'
95,010
195,000
31,161
449,039
825,008
1,881,731
Cr831
1,603
Cr62,197
Cr21,711
Other
25,148
128,376
169,707
403,553
—
^
deductions
Balance
$1,913,572
48,750
$1,724,969
.
$9,831,289
$7,547,800
Portion applic. to minor¬
1,279,528
1,279,528
1,987,709
536,173
72,144
37,894
20,812
169,721
$1,704,157
$9,661,568
$7,355,936
United
Oper.
exps,,
natural
of
investments^-a—
172,800
Crl2,180
—a—
aa—
(United
Gas
Corp. Only)
1945—3 Mos.—1944
gas
$2,649,487
taxes
excl.
requirements
Balance
Cr34,497'
—V.
162, p.
The
6,598,617
1,195,859
6,309,288
5,402,758
1
of
this company will be
plants
manufacturing
other
and
in
remain
will
cities
161,
5,113,429
in
reclassification
vote
each
of
—V.
162,
1,798,737
on
Sept.
of
share
$6
26 on approving the proposed
first preferred stock into one
preferred stock.—V. 162, p. 610.
$9,869,195
719.
p.
1945—8 Mos.—1944
$9,931,809 $75,911,104 $77,071,021
1945—Month—1944
31—
'
•
;
-
-
General
*
Federal
$101,550
47:3
'•
days.
hours through
•
•
Petroleum
14,435
16,330
8,295
7,458
11,262
$35,030
taxes
income—
$33,125
26
>
—_—-
good
a
Net
18
accruals
$33,143
10,240
9,844
4,783
reserve
income
-
—
4,786
$20,032
appropriations
-
$18,512
13,454
—
—V. 160, p. 2584. "
10,416
July 31—
-—--
Operating revenues
Operation
effected
$66%
$2,638,919
$13,203,604
$12,671,669
1,667.592
York
share
by
was
There
Lynch, Pierce, Fenner &
completed in the elapsed time of
26 purchases by 14 firms; 1,700
were
the largest trade, 5 the
Worumbo Mfg. Co.,
directors
8,184.364
8,542,324
1,013,870
' 871,756
105,226
107,169
—923,058
Depreciation
taxes
a-
V 908,562,
840,990
864,282
—
608,440
662,000
$2,360,911
$2,239,310
and excess profits taxes:—_
Prov; for Fed. inc.
operating
Net
Other
revenues
——
———•—
Dr5,782
Ur 11,953
—-
$2,227,357
929,754
$1,432,340
470,015
$1,297,603
470,015
$962,325
-
$2,355,129
922,789
—
income
income
$827,583
-
deductions
other
and
Interest
income
Net
Dividends
stock
preferred
on
162,
884.
p.
Stores,
Drug
Weinberger
Name—To
Inc.—Changes
Preferred Stock—Further Expan¬
sion Announced—Annual Report Issued—
It is announced that the corporation has changed its name (as of
Aug. 13, 1945) to Gray Drug Stores, Inc.
This change was approved
Vote
New Issue of
on
that date.
the stockholders on
by
It
Sept. 1, 194$, that the
further announced on
was
corporation has
expanded its operations during the fiscal year ended
by acquiring the capital Stock of two retail drug con¬
cerns, The Mykrantz & Sons Drug Co.
(now Gray Drug- Stores, Inc..
of Columbus), and Widmann & Teahj Inc.
These acquisitions have
added 37 stores to the corporation's retail drug chain.
1945,
30
June
The acquisition of the outstanding capital stock of Widmann & Teah,
Inc.; was financed in part by borrowing $570,000 from The Cleveland
In order to replace this loan with a more permanent form
of financing
and in order to provide additional funds for further
Trust Co.
additional working capital, the directors are recom¬
sale of a new class of 20,000 shares of con¬
stock, par value $50 per share.
The stockholders
and
preferred
will
vote
proposal
this
on
on
Sept. 25.
Consolidated
Income
Account
1943 M
; 1944
1945
Years Ended June 30—
Gross
profit
—
general
Selling,
admin, expenses—
profit
Operating
Other
$3,195,780
2,753,066
$2,925,898
2,353,979
$3,028,207
2,518,309
$422,714
it;. $509,898
—
52,828
18,515
—
$495,542
;
—
;__a—
income
payment
totaled
$29.75
134,900
675,000
670,800
have
Interest
.
$571,913
16,909
per
dividends,
in
declared
a
dividend
'
share,
% $7.50
natu¬
A.A
expense
Loss
to
$5
of
$10
per
share on
the
the company
on Aug.
*
payments in 1945 to $25.00 per
having paid $5 on Feb. 1, $2.50 on April 1 and
annually.
will bring
(net!-7""
$385,588
$2,103,676
$1,961,729
arrears
1.—V. 160, p. 1674.
2,145,629
9,223,448
9,496,490
income
$2,604,275
:
■
766,813
$1,837,462
,
Balance
Sheet,
865.307
3,266.601
3,633,184
$1,665,910
$8,060,523
$7,825,035
30, 1945
-
"
f^niVoPr0perty'* and and fund
e9uipment (incl. lliiitiaI^IUICO/* icvigCl
intangibles), ledger
investment
a.
*
accounts,
$216,139,358;' cash
Co., Boston—Dividend Outlook—
W. L. Kirkland, President,
the directors to disburse a
portion or all of the balance of earnings, if any, applicable to the
class
"C"
stock
in
a
year-end dividend when the results of the
season's
operations have been determined.
Class "C" stockholders
received with this notice checks for a dividend of 25 cents a share.
The amount of business secured in the first seven months of 1945,
Mr. Kirkland states, totals $14,952,271 as compared with $10,076,218
.i for the same period in the previous year.
However,' end-of-the-war
In
$2,531,217 $11,327,124 $11,458,219
June
Warren Bros.
a
states
letter
that
it
to stockholders dated
is
the
present
Sept. 7,
intention of
10,000
8,519
—
7.111
3,023
•
Exp.
connection
in
leases
with
;
>
on
•'
'
■
Adj. for prior year Fed. inc.
Net
Crl3,515
9.474
83.500
+270.000
1,871
$163,407
90,000
$1.81
$160,278
67,503
$1.78
$183 893
45,000
242,000
profits tax
Excess
11,319
87,600
t256,950
266
3,080
88,570
Federal taxes
for
taxes..
profit
Dividends
paid
capital stock
on
Earnings per share
—
$28,500
of
credit
for debt retirement
also, in 1944, $50 post-war
for
Note—Provision
amounted
$86,356
to
$2.04
in 1944 and $30,000 in
refund.
depreciation and amortization included abov»
1945, $87,282 in 1944, $104,304 in 1943, and
in
in 1942.
$95,011
Consolidated Balance Sheet, June 80,
Assets—Cash
of
:
11.434
deductions
Provision
clear
dividend
$588,828
12.000
'
-
in connection with fire loss.
on disposal of cap. assets (net)
on
hand
trade
$664,519;
$22,388),
and demand
1945
deposits (includes time deposits
accounts receivable. $38,939; accrued in*
bds., $875; tax stamps (State), $39,544;,
terest receivable on U. S. Treas.
post-war refund of excess profits taxes (esti¬
mated), $14,539; U. S. Treasury bonds (at cost), $154,500; cash sur¬
render value of life insurance, $73,137; miscellaneous receivables, de¬
$2,186,670;
inventories,
posits.
$312,555
2,291,720
:
deduct
This
$528,413
12,000
etc
contingencies,
for
Chgs.
1943;
Lisbon Falls, Me.—Pays Accruals
payable Oct. 1 to holders of record Aug. 20.
accruals on the issue which at one time
share.
The stock has been entitled to $3.50 annu¬
but with the accumulation paid off it will now be
will
;
income
Gross
Provision
tAfter
smallest.—V. 162, p. 884.
stock,
preferred
This
Exchange Sept. 4 at
Merrill
13 minutes.
prior
1945—12 Mos.—1944
New
The sale
Beane.
Stock
the
on
per
134.900
approp.
t
,
—
cond.
chgs. def. because of war
for oper,
Sundry
Co.—Special Offering—A special offer¬
ing of 5,000 shares of 7% preferred stock (par $50) was
res.
Cina
——
-
$14,277,940 $13,954,322
Maintenance
General
1944 ;:
1945
/
•
abandoned locations
♦
Ward Baking
Prop, retir;
*JU.370,978;
Subs.)—Earnings—
Washington Gas Light Co. (&
12 Months Ended
•
$35,056
income
Retirement
entitled
income
Crosbie, Inc., also
jointly with J. E.
Corp.,
well ir. the Moore Pool. Cleveland County, Okla.
The well made 300 barrels through a y4 inch choke in 24 hours. Two
hundred feet of Wilcox oil bearing sand was found at a depth of 7,500
feet.
Another well has already been started on this tract; of
80
acres.—V.
161, p. 2154.
f in
30,154
10,246
income
ally
1*7/1
24
gravity.
acres
$99,168
—a;a
income
833,802
?£TA
in
is
Warren
The
vertible
1944
1945
.
taxes
1,186.269
*
few
is
barrels
oil
mending the creation and
Telephone Co.—Earnings—
(N. Y.)
Maintenance
8,019,069
Assets-
New
said
locations,
34,380
844,700
178,383
—_____
revs.,
In—
owned Jointly by both companies.
The
a fa inch choke at 9,000
A second well .will be-started within
■"
^
and
160
5,000
The
expansion
1,216,692
Net
Louis,
St.
present
Walgreen Co.—August Sales Off 0.6%—
Period End. Aug.
Sales
8,363,536
int., etc.,
is
made
well
feet.
-V.
moved from Boston to
6 by Justin W. Dart,
Boston,
their
Debentures
substantially
will
share of $4.50 first
225,953
JNet
1,195,859
2667.
p.
stockholders
' 224.886
Gross
the
Balance
company's
Dart.—V.
ML
Permanent
—
'
Crl, 134
Co.—To Move Offices—
Drug
executive offices
224.912
ral gas
Other Income
Crl37,384
Lbs Angeles this fall, it was announced on Sept.
President.
About 100 key men will be affected.
Haven
■?
•■
'
taxes
oper.
151.000
1030.
United-Rexall
The
v
corporation, together with Skelly Oil Co., on Aug. 22 brought
first well in a new field in Colorado County, Texas.
This
This
in
Gross
—
J—
.•
Corp.
Petroleum
15,451'
14,441'
prior preferred stock
on
time element, this contract has not been
work secured."—V. 162, p. 719.r
the
the preceding report on
r
taxes
net income——,
Consolidated
——_a—
Net
176,832'
220,226
other
from
income
40,989
a
—•
taxes,
income
Dividend
1,311,035
40,989
expense
expenses
income
1,311,035
■.
and
discount
debt
local and miscellaneous Federal
State,
Other taxes
Federal
required
likely to
'' '7'
Temporary 10-year 3V» Ve sinking fund debentures, due 1955. may
be exchanged for permanent debentures at the office of J. P. Morgan
& Co.r Incorporated, trustee, 23 Wall St., New York, N. Y.
v.
Prov.
debentures—
on
General
7,866,077
Co.—
Railways
&
of
because
in
Warren
87,400
8,311,430
Light
Interest
The
Statement
Period End. June 30—
revs.,
and
Ready—
533,476!
________
Balance
191,864
$1,875,678
net' income—
Income
.
1,766,404
427,500
389,392;
Dividends & interest income front other invests. Crl,583,718 Crl,577.523
Federal income taxes
was
ity Interests
Oper.
156,2781
156,278
*
1,775,000
375~000
trust
Oth, int., nts., loans, etc.
Int. chgd. to construct.
Consul,
2,474,975
2,474,975
___
$2,475,958 $12,712,754 $10,976,263
$2,468,793
(neti—
income
completion
brought
Dividends on preferred stocks held by public „
Minority ' interest in consolidated net ' income
of subsidiary holding companies—
General expenses and interest:
—
State, local and miscellaneous Federal taxes
Dividend
Gross
21,465.878
8.489,872
12,976,0061
13,662,919
________
long-term
on
Gross
2.686,527
reserve approp.
oper,
-
that three and one-half years may be
of this contract and several months are
contemplated
the
a
_____———
Income deductions
Other
.
Subsidiary Holding Companies—
Other
de¬
&
country.
is
"It
Cr544,356
..
retirement
pletion
that
in
Two New Wells Brought
8,332.534
Utility operating
taxes
income
on'
McGraw-Warren, S. A., in which
into a contract with
250 miles of highway
between Cochabamba and Santa Cruz In Bolivia, for an
adminis¬
trative fee of
approximately $300,000," says Mr. Kirkland.
"The
project is to be financed by the United States Export-Import Bank
through Corporacion Boliviana de Fomento, a Bolivian Government
Agency created for the purpose of carrying out public works projects
recently organized Cqmpania
4,698,080
1,164,109
Adjustm't of prior years
for
i
*
Operating revenues -A-
$14,339,127 $13,640,754 $62,446,707 $58,994,473
Federal taxes
taxes
21,294,760
"
171,118
1945—12 Mos.—1944
1945—3 Mos.—1944
expenses—
*
your company owns a half interest, has entered
the Bolivian Government for the construction of
tract
income
12 Months Ended June 30—
United Gas Corp. (& Subs.)—Earnings—
prov.
I
deductions
Income
Walden
Period Ended June 30—
Other
21,707,382
287,171
305, 150
pp.
2458.
and
•-/'
the
that
states
17,029. 613
United States & Foreign Securities Corp.—Reclassifi¬
end an extra of 64 cents per share on the Union Preferred Stock
Fund shares, par $1, and a regular dividend of 5 cents and an extra
of 30 cents on the Union Common Stock Fund shares, par $1, all
on
8,929, 927
9,581, 337
16,534,525
j
__
...
_
(net)——
Other income
The
18
9,163,729
cation—
Union Trusteed Funds, Inc.-—Extra Distributions—
year
5,379, 161
!t.
Replacement—
Equipment
U. S. National Bank of Denver.—-V.
of
unfavorable factor* liave increased
operating costs over estimates figures to the extent that results are
somewhat disappointing when compared
with those of the previous
year.
Unaudited figures indicate net profits for the half year of
$109,724 as compared with $299,084 for the first six months of 1944.
The
1945
figure is exclusive of $75,000 increase to earned surplus
realized from sale of; the company's investment in Spain.
Kirkland
Mr.
pany,
10,502,370
285,742
—
Dividend
,
like period
during. the
completed
than on^ band t»n the same date last year:
included
plans
with Its
keeping
$
5,342,830
a-.
—
Depreciation
—
State, local and miscellaneous Federal taxes:
Income taxes—-—
:
Federal income and excess profits taxes
Other
Union Pacific RR.—Plans
In
L. J
State
Federal
—V.
1944
$
'
119,249,626 115,504, 045
15,717, 311
15.898,947
37,266, 786
39,814,101
'M*-1--————
—
__
Maintenance
Amortization
—L
Net income
-
$6,106,928.
4,467,214
$6,700,064
4,395,071
—
Gross Income
Dividends on
■
*
•
^
Net
Total
$6,676,335
$6,972,897
Only)
revenues.—
Total operating
'
1,325,000
1945
1944
$34,096,236 $32,130,489
(including taxes)——
27,399,173 26,023,561
30—
12 Months Ended June
$8,001,335
1.383,178
—
dividends and surplus^—
Balance of common
Total
$8,358,078
'
—
"pfd; stocks of Union Electric Co. of Mo.
Divs. on
1945
Total operating revenues—
Gas and electricity purchased for resale___
Balance
-A: A' :,'
si*
less
1944.- As a conse¬
quence of these delays,
and substantial June and July awards, un¬
completed work on hand as of July 31, 1945, after deducting later
cancellations, was approximately $7,200,000, which is slightly more
of
that
before much progress can be made, owing to the difficulty of
securing the necessary construction equipment and materials required.
Since
Compania McGraw-Warren, S. A., is a non-controlled com¬
(& Subs. )—Earnings—
30—
Subsidiary Operating Companies—
Gross
$12,599,270 $12,629,799
4,241,195
4,628,464
income
Net income
amount of work actually executed during the first
1945—namely
$5,637,861—was approximately 23'/»
conditions,
than
5,754,004
$12,542,834 $12,554,023
56,436 1 '
75.776
Net
Gross
1030.
p.
T
esti-
depreciation—
for
Provision
.
4,723,920
3,878,000
adjustments—
post-war
for
162,
United Light & Railways
17,800,025
18,750,916
„4.940,429
3,926,100
—
taxes
income
mated
Provision
to
months
for
<
reduction in
charge equivalent to
must
12 Months Ended June
1944
1945
(less credits)—
Federal excess profits tax
Special
!
$51,057,189 $47,720,878
Operating expenses —
Taxes, other than income taxes...
Federal normal tax and surtax-—
Other
Or
.
revenues
Due
elapse
1
T
12 Months Ended June 30-r-
the* Pipe Line company $251,746 and reim¬
between last July 31 and the
transfer.
The Pipe Line company has been advised that
obtain a franchise for operation of the lines or discontinue
operating them.—V.
of Missouri (& Subs.)—Earnings—
'
•
it
it Is possible- that further reductions will be
labor and material
shortages, as well as
000 and
the
of
date
pay
for all capital expenditures made
it
burse
this figure by approximately $4,100,*
made. -? r
*
adverse weather
cancellations have already reduced
"The
corporation ami the United Gas Pipe Line Co. have Asked the
approve within 30 days an agreement which provides for the
former's purchase of all of the latter's pipeline transmission facilities
in the city of Houston, Tex,, excepting 3.64 miles of one 16-inch main
The
SEC
718.
p.
earned surplus,
$339,879;
contributions in aid of construction,
total, $264,593,324.-
199;
$10,963,071;
\
—
temporary
collateral
Transit CorpU-Earnings—
Period End. July 31—
1945—Month—1944
194'
Total operating revenue
$1,775,089 $1,732,309 $12,313,937 Ml,657,
Total operating expenses
1,453,181
1,328.071 10,075,839
9,157,237
net
demand.
on
$53,810;
$264,593,324.
Third Avenue
Total
banks,
funds.
Monday, September 17,>1945
CHRONICLE
At FINANCIAL
THE COMMERCIAL
$19,030;
etc.,
deferred
fixed assets (after reserves for depreciation andl
$628,349;
patents and trade-marks, $1;
$782,996).
of
amortization
charges,
$67,280;
total, $3,887,384.
to bank, $570,000; notes payable to others
$150,000; accounts payable, $639,825; accrued
$106,775; accrued rent and interestf
$39,493; Federal and State
taxes on income (estimated), $596,929;
reserve for
post-war adjustments and general contingencies, $124,000;
capital stock (98,500 shares) without par value, $682,170; capital sur¬
plus. $256,647; earned surplus. $721,545; total, $3,887,385.—V. 161,
Liabilities—Note
payable
(due
April
taxes
(other than taxes on income),
p.
2667.
9.
'
.
1950),
sX?VV; •;
iVolume 162
Number 4421
THE COMMERCIAL & FINANCIAL CHRONICLE
Webster-Chicago Corp.—Has $4,000,000 Backlog—
This
*
corporation,
automatic
to
record
the
of
one
changers,
country's
which
has
leading
been
terest.
manufacturers
almost
totally
which
substantial
cancelled
was
cutbacks
been
since
replaced by
products
and
the
$4,000,000, of which
delivery schedules.
Employment
in
These
orders
total
$2,600,000
is
days
followed
cancellations,
for
record
backlog
now
on
'
'
,
few
a
a
Mr.
by
changers
and
basis
,
(2)
Telephone Co.
due
said,
other
are
these
its
■
the
the
two
normal
postwar
plants.—V.
161,
employment
to
well
run
1,000
over
May
applied'as follows:
1,
mtge.
&
coll.
3%%
1st
1965-—i
mtge. bonds,
Term
Period Ended June 30—
Operating
Operating
revenues
____
expenses
After
capitalization
of
bank
Maintenance
Taxes,
Reduc. result,
Net
2,714,050
1,784,148
1,975,513
1,462,517
2,978,717
2,869,457
140,498
income
4,549,634
$8,998,854
678,080
income
$4,480,442
$9,676,934
3,646,111
$3,109,285
$6,030,823
668,446
1,336,892
$2,440,839
$4,693,931
of
532,237
value
the
Holders
the
of
any:
will
in
of
409
Oct.
on
agreement
547
of
adoption of the
will
15,
Stone
of
agreement.
have taken or
of
$6
To
and
the
"'Incl. special tax adjust.
—V. 162, p. 505.
dis¬
that
West Texas Utilities
Period End. June 30—
Operating
Operating
1945—3 Mos.—1944
Three
$1,917,477
$8,342,986
1943
1942
1941
$3,496,481
$3,456,811
1,067,901
143,378
1.049,374
4,184,152
1,491,715
1.476,222
344,353
310,544
290,649
139,705
552,793
518,489
1,578,000
518,740
391,979
492,111
329,800
489,494
480,913
222,380
191,200
The
297,811
291,235
305,674
324,855
covering
1,162,000
Federal income &
profits taxes
Net
operating
Other
operating
income
Gross
382,000
income
310,000
$456,054
$418,397
$2,023,041
Gross
$2,138,192
.1,632
2,372
8,845
11,793
(net)
income
$457,686
$420,769
$2,031,886
159,814
175,418
684,467
$245,350
$1,347,419
The
to
income
require, on $6 cumutative pfd. stock__
for
interest
426,180
426,180
Balance
$191,327
$138,805
$921,239
Period End. Aug. 31—
Retail
Combined
both
$2,442,000
2,755,000
sales
239
were
a
retail
year
units
in
operation
accounts
at Aug.
ago.—V. 162, p. 924.
the
at
31,
end
1945,
of
Act,
1,494,
property
of
and
the
time
electric
$**"•'$
Operating
Operating
Net
Federal
Net
15/411,287
revenues
income
income before
after
all
995,127
taxes..
income
359,000
charges
Electric
7,
$
for
of
153,539
■
8,589,052
Cr339,000
2,780,000
8,182,582
4,033,000
of
their
taxes,
and
interest
on
certain
Western Light & Telephone Co., Inc.—Bonds
Offered
.
water
and
ice
the
underwriting group headed by Haris, Hall & Co.
(Inc.) on Sept. 10 offered $6,200,000 1st
mortgage bonds,
series A 3% due July
1, 1975, at 101.95 and accrued in-
it
and
and
on
was
companies.
operated
ice
properties,
and
8.0%
derived
from
ice
properties
on
March
has
from
Prior
to
the
recent
merger
properties and,
all located in the State
31,
1944
Dec.
(after
31,
1944)
to
a
of
The
merger
of
new personnel for
invest¬
19 by the Investment Bankers
war and economicsprior to the war, and Association for their further dis¬
also to open up: opportunities for tribution.
With each booklet will
men coming out of the
military be instructions for arranging in¬
services. The Education Commit¬
terviews with investment houses
tee lias prepared vocational liter¬ interested in
engaging new men.
conditions
investment banking. It
has arranged with the Graduate
School
of
Business Administra¬
tion of New York University for
the first of what is expected to be
a
nationwide
series
£0ndensed
courses
of
special,
ancb professional
in investment
banking. As
The special
training course in in¬
vestment banking at New York
University, prepared by G. Row¬
land Collins, Dean of the Gradu¬
ate
School of Business
into
a
three-month
two-hour
Headquarters here.
nel
Wide distribution will be made
of
a
men
vocational
in
booklet
among
the military
Collins said.
In
services, Mr.
addition, it will
be supplied to colleges, vocational
bureaus and to members of the
Adminis¬
tration, is planned to open in midSeptember. It is to be condensed
third step, it has organized a
bureau of placement for the busi¬
ness at the Association's National
a
sessions
afternoon.
course
period
daily
Registration
with
in
the
in
the
is to be limited to person¬
and
employed by
recruited
members of the Investment Bank¬
ers'
Association
around
the
area
located
of
the
with
Cole
&
100,000
Co
100,000
Commerce
Commission.
of
K.
the
total
operating
located
in
merged
into
Kansas
which
provided
for
the
in
and
metropolitan
New York.
The Association, Julien Collins
said, expected to apply the expe¬
rience
gained
at
course
N.
from
Y.
U.
natural
of
gas,
of
its
into
"pilot"
perfecting
similar arrangements with educa¬
tional institutions in all the other
major financial centers of the
country as member houses line up
prospective students. The instruc¬
ture
to
serve
as
a
na¬
"refresher"
courses for men
in
the
already employed
business, many of whom
have expressed interest in
the classes.
The
the
exact
the
joining
of Sept. 1
cotton
for the
crop
of 10,026,000 bales
pounds gross weight is
forecast by the Crop Reporting
Board, based upon information as
of Sept. 1.
This is 108,000 bales,
or
1%, less than the August 1
forecast, 2,204,000 bales less than
1944, and 2,267,000 bales below
the
10-irear (1934-43) average
production. An indicated yield of
267.2 pounds of lint per acre com¬
pares with 293.5 pounds for the
1944 crop and the 10-year average
of 231.0 pounds. Abandonment of
United
of
States
500
cotton
in
cultivation
July 1,
estimated at 1.9%, is about equal
to the 10-year average, and leaves
on
York,
-
-
259,000
of
statement
shares
authorized
shares
new
registration
a
of
of
new
of
but
;iew
unissued
preferred
preferred will
and
be determined
financing is to effect the retire¬
outstanding 274,085 shares of $6 preferred
a
to
holders
becomes
of
such
effective, the com¬
presently outstanding?
$6
25,915)
pre¬
representing
•
to
the
new
preferred
Wisconsin Public
stock,
the exchange offer is
headed by Smith, Barney
p.
720.
Service
-
Electric
•-<
to
&
■
-A-
be
the
J \v-.,
Co.,
and-
r...-'- ;-.*
r-
Corp.—Weekly Output—;
1945—Month—1944
-
:'.V
35,787,687
162,
1945—8 Mos.—1944
$ i-?"':?
-'y.'i-i-;
<g •;
35,276,141 286,302,747 273,850,43*
924.
p.
share
total of
A
Oct.
1,
on
share,
are
Youngstown Steel Door Co.
6 Mos. End. June 30—
■Wet, profit
tEarnings per
of
vest.
series
5%% cumulative preferred
shares, called for redemp¬
1945, at $105 a share and accrued dividend of
$1,375
redeemable at Guaranty Trust Co. of New
York, 140
Broadway, New York 15, N. Y., and also at The Dollar
Savings and
Trust
Co., Youngstown,
Ohio.
Payment
of
shares
surrendered
in
advance of the redemption date will be
made on and after Sept.
25,
1945.—V.
162, p.
924.
a
of
(&
Subs.)—Earnings—
1945
1944
$594,123
$429,157
$82,737
$629 944
$0.64
$0.12
$0 94
■
_______
share___
$0.89
'
1943
1942
"After charges and Federal and
Canadian income taxes.
shares of no-par capital stock.—V.
161, p. 922.
18,008,000
This
is
10%
for har¬
acres
less
than
the
acreage
harvested in 1944 and is
smaller
than
in
any
since
year
1885.
and
Tennessee, weather
was
gen¬
erally
favorable and production
increased
during
the
month, although not enough to
prospects
the
Carolinas
and
in
southern
Georgia, where rank growth fa¬
weevil
vored
boll
rot.
damage
and
Although the
some
outlook
still
bolls.
a
In
menace
to
immature
Louisiana, and
in
the
lower Delta and southern counties
Mississippi,
weevils
spread
during August, reducing
prospective
crop
in
both
The
extreme
in
crop,
River
the
lateness
upper
of
the
Mississippi
Delta, northwest Texas, and
Oklahoma, make an early
western
frost
The
vors
is
more
of
a
hazard than usual.
lateness of the crop also fa¬
boll weevil activity, which
increasing rapidly in most
of the Cotton Belt,
areas
Arkansas and
California
are
the
only States
prospective yield per acre
greater than last year, although
all
States
excepting
Missouri,
with
a
rapidly
Louisiana
the
the 10-year average.
States.
The Texas, Missouri, Ala¬
bama, California and Arizona crop
outlook
remains
the
same
as
a
month ago. In north central and
northeast Texas, losses from wee¬
No
damage have been extensive;
additional losses along the Gulf
Coast
caused
by the tropical
hurricane late in August. Favor¬
were
will
cember.
cotton
same
California
estimate of
duction
vil
and
be
exceed
cottonseed
pro¬
until
De¬
made
However, if the ratio of
lint
as
to
cottenseed
is
the'
the average for past five
years,
production of cottonseed
would be 4,135,000 tons.
The
Bureau
of
the
Census
re¬
able moisture conditions in north¬
ports that 461,280 bales of cotton
west
were ginned from the crop of 1945
prior to Sept.. 1, compared with
576,999 bales for 1944 and 1,785,-
Texas, however, stepped up
prospective production, which off¬
the
State.
losses
In
elsewhere
Arkansas,
in
the
Oklahoma,
245 bales for 1943.
>
tOn 650,920
offset decreases in other States.
Frequent rains in August, fol¬
lowing a wet July, decreased crop
prospects in the eastern half of
sets
•
under¬
output of this corporation for the week ended
8ept. 8.
1945, totaled 10,009,000 kwh., as compared with
10,149,000 kwh. for
the corresponding week last
year, a decrease of 1.4%.—V.
162, p. 1213.
the
shares
of
statement
the
Youngstown Sheet & Tube Co.—Stock
Redemption—
from
to
name
one
registration
offer
by a banking group
Glore, Forgan & Co.—V. 162,
tion
electric
are
as
of
the
on
written
—V.
derived
1.8%
the
to
fairly good in the Pied¬
mont area of these States, weevils
1945
New
proposed
presently
the
as
remains
A
SEC
amount
number
dividend rate
of
the
maximum
a
$
,
Cotton Report
with
10
of
unstated
Sales
the
of
tions, he added, will be of
p.
(F. W.) Wool worth
Co.—August Sales—
company is
Kansas and
such
changed
the
162,
exceeding
extent,
the
conversion
in
Sept.
issue
an
Period End. Aug. 31—
name.
agreement
71.—V.
died in
1213..
State
revenues
company
revenues
from
State
filed
and
the
proposes
The
eliminating
revenues
the
of
age
board,
Western
minor
Western and Kansas into
shares of the company as follows:
(a) Each share of 7%
preferred stock of
severely
on
Beecroft,
Chairman
the
at
purpose
all
soon
As
Kansas.
ice.
82%
present
Association of America.
Announcing the program, Julien H. Collins
Of Chicago, Chairman of the Association's
Education Committee, said
that it was created to meet a demand from members
for a plan to
attract new men to a business whose
personnel had been
ature
250,000
150,000
500,000
excess..'
Missouri,
in
Sept. 22, 1909, in Kansas as Concordia
changed to Kansas Power Co. on June
the physical properties of seven other
electric
properties
been
company's
depleted by the
Co.—
surrendered in exchange for common
exceeds 24,085, the 250,000
of $6 preferred otherwise
exchangeable for new preferred wiH
reduced
by a number (not
be
j;.',
,
account
Training
New Personnel for Investment Banking
recruiting and
training
&
shares
for
approximately 85% of total property values.
Merger Agreement—In accordance with the
merger agreement, West¬
Launches Program for
A program for
ment banking was launched
Collins
Brothers & Co
ferred
minor
Western
|
Julien
The Ranson-Davidson Co.,
Inc.
—'
shares of its $6 preferred stock the
right to surrender in exchange (a)
250,000 shares of $6
preferred
(subject to reduction
in
a
certain
event)
on
a
share-for-share basis for new
preferred, with a cash,
adjustment; (b) 50,000 shares of $6 preferred for shares of common
on
a
basis not yet determined.
If the number of shares of
utility properties pre¬
part in other states, were disposed of in
acquired
and
properties
ern
—An
Kansas,
water
gas,
most
Name
1927
utility
and
the
properties
6,
stock.
and
of
pany
of
merger with Kansas it owned
the States of Kansas and
Mis¬
States
of
in
.
Approximately
companies for payment
advances.—V. 162, p. 924.
the
As
recent
In
approximately 62.3%
of its
gross
operating
operations, 23.1'% from telephone, 4.8% from
lessor
750,000
stock.
initially
operating
For the 12 months ended
Dec.
for properties no
longer owned at
$636,127
made, to
In
owned
water
$492,539 *$5,809,052
$4,149,582
* Before deducting extraordinary
adjustment of i|ieome in
April.
1945, amounting to $796%F397 applicable to
prior years, to write-off
advances
1922.
it
^
unrecoverable
A
company
was
under centralized
the
incorporated
Light Co.
Kansas
15,084,124 108,128,347 108,241,915
647,672
12,346,803
11,574,250
1.481,417
taxes
$
$734,712
series
of
properties
properties
Certain
owned,
years.
Kansas was
1945—7 Mos.—1944
<
u
of
a
Oklahoma;
Kansas.
viously
1945—Month—1944
$701,831
bonds
of
recent
Period End. July 31—
the
-
as
telephone
Iowa
as
Western Union Telegraph Co.
—Earnings—
%
$852,258
on
1935,
Western Power Light & Telephone
a
plan of reorganization confirmed by
proceedings under Section 77B of the Federal
amended.
Western's predecessor
as
1927
operated
souri;
August, in
totaled
$912,462
requirement
assets and
At
company.
and
4,529,000 $32,850,000 $28,515,000
Wholesale
years.
against 1,457
1945—8 Mos.—1944
' <"■
■
.
Duncan,
stock
The
ment
holding company to operate
management certain .telephone,
electric, gas, water and ice properties
formerly owned by
independent
companies.
Until
May. 1,
1937,
Western was primarily a
holding company but at that time nine
subsidiary companies were merged with it and it became an
$2,261,000 $15,808,000 $13,632,000
2,268,000
17,042,000
14,883,000
$5,197,000
later.
pursuant to the terms
Federal Court in
the
Co.—August Sales—
1945—Month—1944
sales
sales —_
There
common
of
acquired the
$976,143
tnem,
Corp. in the winning
& Co., Inc.; First Boston Corp., and
proposed
a
common
4,335
is the surviving corporation
resulting from the merger of
Light & Telephone Co. into Kansas Power Co.
Western was
on May 10,
1935, in Delaware, and, as of May 31,
Bankruptcy
Western Auto Supply
Wholesale
$730,377
5,262
and
organized in
f
$696,569
9,237
A
Co.,
rV,., 161, p. 2795.
prin¬
by
The
Interstate
Blyth
company
$843,021
series
incorporated
.106,545
the
purchased
Wilsort & Co., Inc.—Registers With SEC—
avail¬
interest—
annual
Kansas
106,545
Western,
plaoe.
and
Tucker, Anthony & Co... $500,000
Milwaukee Co.—,
350,000
750,000
Stern
the
Sept.
preferred
be
Western
Div.
be.
to
by
its
with Mellon Securities
M.
on
13.154
____
income
Y.,
$899,308
History and i Business—Company is incorporated under the laws
$1,402,323
'
"
-
income
outstanding will be $186,000.
i
The annual sinking fund
requirement on the bonds
initially to be outstanding will not exceed
$63,240.
$2,149,985
747,661
$297,872
Interest & other deduct.
Net
taxes
income
able
Net
Other
inc.
.
excess
________
in
253,244
4,081,820
General taxes
issued
underwriters
agreed
r
,
other
William
N.
$7,900,504
expenses
A
four
dividends accrued
owned
was
into
bids, each naming a 27/s% coupon, were received at
the competitive sale.
They were Halsey, Stuart & Co., Inc., 100.60;'
Harris, Hall & Co. (Inc.), 99.52, and Hemphill, Noyes & Co.-Diek &
Merle-Smith, 99.4577.
1,785,073
Other taxes
1945—12 Mos.—1944
$2,058,334
series
preferred
Kansas
Kidder, Peabody & Co.
Depreciation
Fed. & State
revenues
shares
and
of
were:
$3,877,695
1,610,984
Operation
Co.—Earnings-
Kansas
several
Obituary—
1944
$4,237,264
of
1213.
p.
bid
revenues..-
of
such
on
-/,
series,
of
the
500,000
approval
Summary of Pro-Forma Earnings for Calendar Years
930,732
$6
accrued
new
no
of
500,000
Maintenance
1,004,523
names
Co., Inc..
Becker &
Associated
oper.
;
$6,000,000 general and refunding mortgage 2%%
bonds, due Sept. 1, 1992, on a bid of 98.099.
The bonds
are
being reoffered at 98.70, to yield 2.80%, subject to
of
dissenting stockholders
will take the legal
necessary to entitle them to an appraisal and
payment of the
of their stock, such holders will not
receive the stock allocated
to them as set forth
under "merger
agreement", and the number of
shares of 5%
preferred stock and common stock to be
outstanding
will be reduced
accordingly.
Company will use funds in its treasury
for payment to
such
dissenting stockholders of the appraised value
of their stock.
Total
and
bon.ds
Webster
162,
share
one
of
$7
extent
of
stock
common
cancelled
750,000
G.
into
•
& Lake Erie RR.—Bonds Offered—Mellon
Securities Corp. and associates won the award
Sept. 12
in
stock
Western
Western
Wheeling
statutory right
stock,
the
—
that
payment
of
company, plus
$6 series, to Aug. 11, <1945.
Hornblower & Weeks.—
Shields & Company.—
dissented
preferred
stock
merger
such
who
the
7%
common
&
stock
common
of
was
Blodget, Inc.
1945
assumption
demand
with
preferred
shares
shares of
and
the
on
stock
common
company;
Lehman Brothers--..;-.,--.
Central Republic Co., Inc.
in¬
the
preferred stock
preferred stock, $7 series, of Kansas into four
preferred stpck of the company, together with payment,
cipal amounts
—V.
companies
accordance
shares
of
3,101
stock
stated
constituent
of
the
respectively, nrp as:- follows:
are as
Harriet, Hall & Co., Inc._$l,000,000
be
the
of
payment
7%
rpsnpp.t.ivplv
be'
time
one
ftonds
contained
$125,000
preferred
are
the
merger
stock in
holders
of
5%
above,
of
all
stock
with
such
on
of
Underwriters—The
1250,000
1151,949 shs.
t237,664.07 shs.
additional
due
5%
sum
Since
this
Outstanding
1946.
of
his
holders
from
of
of
of
Kansas,
and
$4,462,819
532,360
adoption
the
of
notes
of
such preferred stock,
on
1,336,893
$2,450,173
stock
at
may
that
restrictions
shares
share
value
$5,799,712
668,446
five
action
2,713,825
$3,118,619
com.
the
serial
stockholders
appraisal.
any
$8,512,537
1,371,157
dividends
s,Eal.
1,248;450
follows:
as
300,000 shs.
except
together
company,
$1 in cash, plus dividends
stock, $7 series, to Aug. 11, 1945;
'v1 '
$6,200,000
which
of
the
'
stock
Each
the
of
cash, plus dividends accrued
1945;
Each
shares
of
"
its
200,000 shs.
series
with
15,
shares
series,
573,319
$4,310,562
2>/2%
April
shown
the
Western
$7,939,218
291,083
1,191,943
Preferred
all
unlimited
of
sented
$4,189,359
by
on
number
the
cash
of
324,628
__
_
$5,225,000
stock
in
11,
common
(c)
A.
of
from
5,279,700
$3,985,934
_
be
of
outstanding,
be
to
Crl,161,634
deductions
for
2,640,000
bonds
in accordance
$125,000
none
141.946
2,713,000
will
only
tThe
2,213,090
964,599
fr. refin._
Operating income
Non-operating income
Gross
1,157,841
1,505,568
for depreciation...
Amortization of plant
acquisition adjust....
Federal taxes on income
and
$250,000
of
tRepresented
and
Fed.
Prcv.
Income
1945—12 Mos.—1944
982,031
than
____~
of
denture.
$15,556,508 $31,518,322 $30,514,325
5,142,192
11,512,607
10,237,347
$1
(d) Each share of preferred
stock,
shares of 5% preferred stock of the
A, due July 1, '75
ser.
amount
issuable
1,210,115
other
income
(b)
,
Refinancing
loan
outstanding
Power Co.)
1945—6 Mos1944
5,697,548
of
company
•>
company
pfd. stock, par value $25 per share
Common stock, par value $10 per share
(& Subs.)—Earnings—
$16,234,694
___
*
*
;
5%
'
(Excludes Monongahela
the
bonds, series B,
and the sate of the bonds of series A, is
merger
"The
West Penn Power Co.
of
Authorized
at
2270.
p.
funds
subsidiary, The
Baiter Homes Appliance Corp., to be outstanding after giving effect to
corporation's two Chicago plants has been re¬
25%, principally in the Armitage Avenue (Chicago)
In the Bloomingdale Avenue (Chicago) plant, where
nearly
employed, only 34 employees were released.
The corporaiion
expects
;
with
be
to
are
1st
consolidated
The
by
,
together
Capitalization
about
supported
,.r
'v
required,
other
aggregates
now
firm
preferred
Aug.
to
further
Blash
extent
proceeds,
only about
factory.
500
then.
largely
peacetime
duced
within
5 %
due July
are
redemption at 104 J/2 of $5,000,000 Kansas Power
Co. 1st mtge. bonds, series A, 47c, due July 1, 1964
I
to redemption at 105 of $1,189,000 of Western
Light &
(1)
,
of
have
the
to
capacity operations.
On
V-J
Day,
the
corporation
had
a
of unfilled war orders amounting to more than $5,000,000,
backlog
July 1, 1945 and
sum
Purpose—Net
production, will make initial deliveries of record changers
within 60 days on
its total
scheduled production of 400,000
units,
R.
F. Blash,
President, announced on Sept. 10., This schedule will
€0%
dated
are
to
converted
war
insure
Bonds
1, 1975.
of
1329
-
Supply And Distribution Of Domestic & Foreign Anti-Red Reprisals
Id Berlin Announced
Cotton In U. S. - Season of 1944-45
In
report for the several items of the Supply and
Cotton in the United States for the 12 months end¬
The preliminary
Distribution of
presented in the following
ing July 31, 1945, was
tabular statements
of the Census at Washington, on Aug. 18.
Number I
shows the principal items of supply and distribution; Number II the
comparative figures of stocks held on July 31, 1944 and 1945; and
Number III further details concerning the supply and the distribu¬
by
Bureau
bales
are
'i-v'w
y
August 1, 1944
Ginnings from
|
/baled cottony
Destroyed
II—Stocks of Cotton
31, 1D44
The
For
Foreign Cotton In The United
of Domestic and
Distribution
and
Ending July 31, 1945
12 Months
States
SUPPLY
•«"'*
W-'ii;v1,
'
■
■' *
11,791,184
132,737
(baled cotton)
July 31, 1945, total—
Stocks .on hand
ft;
In
50,000
11,160,141
—
consuming establishments
public storages and at compresses
(partially estimated)——>
in
v
1,962,602
8,372,539
825,000
;
•Elsewhere
export on shipboard but not cleared; cotton
interior towns, and mills; cotton on farms, etc.
♦Includes cotton for
In transit to ports,
cottons included in above
Note—Foreign
1, 1944; and 123,644 on
109 on hand August
Quantities are in running
(Not included
Stocks
linters
of
ending
Stocks July 31,
August
in cotton
LINTERS
of the major
It
discussed at Yalta
by
Roosevelt, for¬
Prime Minister Churchill and
the late President
Generalissimo Stalin.
represented as
contending that German civilians,
as well as prisoners, who fell un¬
The Soviets were
armies
der control of the Russian
should be pressed into service.
The Russian Government is said
taking the attitude that the
disposition of prisoners and civil¬
ians in their custody was not a
matter
for discussion with the
to be
*
Soviet
other Powers.
So
it
far,
.
appears,
the
has failed to furnish estimates of
the number of Germans they hold
captive.
force the
against a person invested with
functions, or who com¬
mits arson out of political hos¬
tility, will in addition drag fifty
former members of the Nazi party
into the abyss along with himself.
Their lives will be doomed simul¬
taneously with that of the attacker
or incendiary."
was
discharge by application prior to
Sept. 1 if he is the father of four
living children.'
or more
The
present point system pro¬
viding for discharge of men with
on
each
three.
Engel said that fathers of
Mr.
four
June 26 approved
ported from Washington, June 26,
adding that the measure increases
to about $245,000,000,000 the total
.Wai:
made
available
Department
The
1940.
Senate.
Press
From
since
the
July
sent
was
to
to
place in the Army.
he told the
to
House, it
keep them in.
The
was
the money
almost
no
debate
items in the
more
than
two
with nine children who
on
were
spent discussing the Army's point
system of discharges and the rela¬
tive merits of butter and oleomar¬
garine in
a
fighting man's diet.
on
Luzon.
In
was
allotments
years
man
for the eighteen months the
served.
He estimated that 35,000 men in
the Army had four or
more
chil¬
dren, and that 15,000 of them were
eligible for discharge under the
point system or because of age.
Half of the remaining 20,000, he
said, probably would apply for
discharge if his amendment be¬
came
effective.
Representative
Rabaut,
Demo¬
Engel's
proposal,
criticized
the
point system as "unfair" for fail¬
ing to recognize more than three
measure
hours
case
of
total
children.
Representative Thomason, Dem¬
ocrat, of Texas, ranking member
of the Military Committee, op¬
posed
the
amendment
on
the
ground it had not been consid¬
ered thoroughly.
So did Representative Kilday,
Democrat, of Texas, co-author of
that the
borrowed as re¬
money
ported by Stock Exchange mem¬
close of busi¬
ber firms as of the
Aug. 31 was $946,961,522, as
ness
$1,023,659,062
with
compared
and
holdings of U.
and for the
of $25,00?,000
by a net
paid all of its
fifth straight year
operating expenses. Another im¬
XI, his predecessor, denounced the
portant milestone was passed dur¬
Nazi regime in 1937 after the Ger¬
ing the year when it was deter¬
mans
deliberately
violated the mined at the end of 1944 that the
pact.
first dividend payments could be.
"Nobody," he -said,. "could ac¬ made out of the Mutual Mortgage'
cuse the Church of not having de¬
Insurance Fund.
These dividends
nounced and exposed in time the art? being distributed to about 15,-:
true nature of the National So¬ 000 home owners who paid off
movement and the
their
danger to which it exposed Chris¬
tian civilization."
during -
full
in
1944.
(Nazi)
cialist
mortgages
Again in 1944, as in the three :
the previous years, FHA devoted its
Church's stand on Germany was energies
chiefly
to providing
apparently in answer to criticism housing for war workers, although ■
The
outline
Pope's
of
housing con-'
industry,
gradually decline as the needs of
that the Vatican's attitude toward
the
year
saw
Nazi Germany had been
struction
by
vears
war
private
approached U
workers
essential war
declared that during
fulfillment.
Papal Nuncio at
The Pope
his"
ambigu¬
favorable.
ous or
as
"we cherish
Approximately $887,443,000 in i
insured under all titles .
of the National Housing Act dur¬
ing 1944, about $55,624,685 less
than
during 1943.
The largest f
volume was under Title VI, which reason," he added,
provides mortgage insurance for
the hope that it can
rise to
dignity and new life
issued
of
total
money
banks, trust companies and
other lenders in the United States,
from
excluding borrowings from other
members of national securities ex¬
changes, (1) on direct obligations
of
or
obligations guaranteed as to
principal or interest by the United
States Government, $350,592,941;
(2)
all other collateral, $696,-
on
368,581; reported by New York
Stock Exchange Member Firms as
of the close of business Aug. 31,
1945
of
total
compiled
money
borrowed,
the same basis, as of
July 31, 1945,
on
the close of business
all
on
540,241.
legislation
deferment
that
contended
father
each
for
given his discharge under the En¬
gel plan,
raised
specter
National
by
So¬
cialism, and the guilty, as we have
at other times had occa¬
have expiated
committed.
expound,
to
the crimes they have
and
medium
"The
small
na¬
with their full and
led to assume,
willing consent, in the interest of
common
progress,
which will modify
obligations
their sovereign
rights. But after having sustained
their share—their large share—of
suffering in order to overthrow a
system of brutal violence, they are
entitled to refuse to accept a new
political or cultural system which
is decisively rejected by the great
Pope Pius, apparently referring
to the world security conference
at San
Francisco, said "the whole
a
man
with
long and
a
of mankind follows the progress
of
new
a
see
organization.
peace
itself at
last freed
for all."
The
and
The
oleomargarine-butter con¬
troversy
developed
over
an
amendment
by
Representative
Democrat,
a
Texas,
of
ban in the bill
to
against
oleomargarine or butter
on Army menus.
The
amendment lost by an 80 to 54
use
of
substitutes
count.
The fund provided
included
in
in
addition
new
to
$17,000,000,000 in reappro-
priation
money.
in the bill
$21,376,283,400
appropriations,
about
Section 603 of
four
Insurance- under#
this Title—one-to-
homes—amounted to-.t
family
$491,068,944 and covered 100,000such homes, virtually all of them»
for war
workers.
;
.
..
Operations under Title II of the
Act—the normal peacetime oper-"
ation—was almost exclusively in
the form of insured mortgages on
existing houses. Mortgages on 46,-
family properties
677 one-to-four
amount of
46,351 for
insured in the
$216,368,057, of which
were
$214,610,007
properties.
Title I insurance on
for
during the
increase
an
loans made
improvements-
and
repairs
showed
existing,
.on
were
>
There
$28,776,251 over 1943.'
were 389,592 such loans in¬
sured
for
of
year
total of
a
$125,150,082.:
of opera¬
insured home loans is
private lenders amount¬
11
its
During
years
tion, FHA has
made by
ing to more
Pope
once
than
$8,000,000,000 of
pressed
of
previouly
supplied
than
more
been
repaid, a testament
and
v
conclusion
in
which
program.
.'
ex¬
a
V
service.
eliminate
housing.
war
had
hope that
a peace
eligible for release by points, worthy of the name" would finally
would be required, to remain in be consummated.
record,
service
arduous
Poage,
loans were
$3,500,000,000
to
"What a bitter disillusionment
the thrift and integrity of the
it would be if it were to fail,
he
American home
buying public,.
other collateral, $666,said, "if so many years of suffer¬
ing and self-sacrifice were to be NHA said. More than 6,000,000
made in vain by permitting again American
families
have
thus •
giving fathers
draft to prevail that spirit of oppression been aided to buy, build or im- >
priority.
Mr. Kilday from which the world hoped to prove their homes under the FHA
(1) on direct obligations of or
obligations guaranteed as to prin¬
cipal or interest by the United
States Government. $357,118,821;
(2)
it has laid the satanic
majority of their people."
aggregated $946,961,522.
The
new
once
tions," the Pontiff declared, "claim
the right to take their destinies in¬
borrowed
to their own hands.
They can be
change Sept. 5:
The
when
sion
following is the announce¬
by the Stock Ex¬
The
ment
that
"For
at already
31.
the close of business July
was
Representative
of a 43-year-old
crat, of Michigan, supporting Mr.
Congress hopes will provide the
necessary funds to defeat Japan,
but
Furthermore,
too costly
was
Michigan
the
subversive
once
tive men."
5
Sept.
on
no
1,
Associated
the
had
the
quote:
we
There
bill
children
pensions, he said, the Govern¬
ment will pay a total of from
$22,000 to $25,000 over a period of
500,285,951 War Department ap¬
propriation for the fiscal year be¬
ginning July 1, after defeating a
move to
force the Army to dis¬
charge fathers of four or more
children, the Associated Press re¬
funds
more
or
and
unanimously by voice vote a $38,-
of
points allows 12 points
child, not in excess of
or more
killed
The House
discharge of the fathers.
an amendment, which
89, to allow any soldier
in the enlisted ranks to obtain his
for
at
violent" and he asserted that Pius
FHA increased its
S. Treasury bonds
During 1944
"to set up a
the spread
great qualities of the people,
and -we were personally in close
contact with its most representa¬
Exchange
The New York Stock
announced
of 115 to
85
ideas
of
the
Borrowings Lower In
Month of August
defeated by a non-record vote
man
V,
•
and income on investments,
amounted
to $29,596,327
while
fees
Berlin he had "occasion to learn
He offered
cited
Army Appropriation
Approved by House
against a
occupation troops
official
Associated Press dispatch from Washington on
Aug. 17 it has been disclosed by a high official that the Russian
Government is not following the policy of the other Allies in releas¬
ing all war prisoners that are not held as war criminals, but is
supposed to be holding many of these prisoners to rebuild Soviet
factories and cities devastated by the German invasion. According
to the dispatch, the Russians long<p
Representative Engel, Republi¬
ago made known their intention
of utilizing forced labor for recon¬ can, of Michigan, led the fight to
problems
Any one who
attack
an
bales
1944, were 567,166 bales; production during twelve
1,250,361; consumption 1,481,063; destroyed 400; and
struction.
out
attacker
every
or
According to an
mer
premiums,
derived from insurance
the 1933 con¬
formidable barrier to
He will have to
member of the
Reported Retaining War Captives
was one
that
despotic
less
no
cordat with Germany
statistics above)
1,
July 31, 1945
1945, 405,568.
Russia
coastwise; cotton
items are 119,036 bales consumed; 118,hand July 31, 1945.
DISTRIBUTION STATISTICS FOR
SUPPLY AND
months
carries
9,575,829
befall
will
with his life.
pay
_
Destroyed
added
but
Vatican concluded
Apparently speaking for Rus¬
ment
DISTRIBUTION
•
"tyranny
said.
Mayor
and incendiary.
585,000
■
Consumed
life,"
new
post-war Europe is menaced
activities,"
"Parents and
teachers, make it clear to your
children
what
a
senseless and
ruinous crime against the nation
any
kind of attack or outrage
represents today."
the
11,923,921
8,285,432
12 months, total
0 Crop Of 1944 after July 31, 1944
Crop of 1945 to August 1, 1945
:
-
and
sian occupation authorities, Wer¬
ner said:
"Well deserved punish¬
1,873,537
public storages and at compresses™—*
(partially estimated)—
In
Nazism, "can rise to new dignity
these
continue
10,743,969
,"Elsewhere
Ginnings during
be
former Hitler Youth,
of the
to
not
B8.16S
B&16S
"
establishments
consuming
In
/
•
-
1944, total
hand August 1,
Stocks on
Federal Housing Adminis¬
of the National Housing
which was broadcast to the
world, Pope Pius XII .reviewed
the
Vatican's
pre-war 1 German
plicated, the United Press re¬
ported from London, June 1. The
announcement further stated that
bers
1,873,537
8,285,432
585,000
11,160,141 10,743,969
Total j
III—Supply
tration
ace,
executed in
specifically im¬
would
Nazis
er
in the Con¬
delivered
Pal¬ Agency rounded out 11 years of
operations in June with a record
high gross income for the calen- :
dar year 1944, NHA announced on
June 30. According to FHA's an¬
such incident fifty form¬ policy and expressed the hope that
nual report, income during 1944,
the
German people, purged
of
addition to those
Bales
Bales
1,962,602
8,372,539
825,000
establishments
In public storages and at compresses
Elsewhere
/partially estimated!*
|||:
for every
The
address to the College of
an
sistory Hall of the Apostolic
in the city, the German
capital's Russian appointed mayor,
Arthur
Werner, announced that
pant
For The 12 Months
In The United States
consuming
In
Russian
on
by a
operating expenses totaled $10,-.
than
851,227. This left a net of $18,anyone withholding knowledge of those for whose overthrow men
Bales
to July 3J., 1945
11,923,921 an intended act of disorder would planned," the Associated Press re¬ 745,100 to be added to the vari¬
ous
insurance funds which now
9,575,829 also suffer death.
ported from Vatican City, June 2. have net resources of more than
50,000
"I warn all deluded and mis¬
The Pope declared, according to
In The United States July 31, 1945 and 1944
$97,000,000. The advices from the
1945
1944
guided persons, especially mem¬ the Associated Press, that the NHA also said:
Ginned, Consumed, and Destroyed
Ending July
Consumed
In
Cardinals,
soldiers in
Berlin and other disorders ram¬
included.
Linters are not
pound bales.
2—Cotton
*
effort to bring to a halt
an
attacks
bales, except that round
cotton in equivalent 500-
quantities are given in running
counted as half bales and foreign
The
tion.
Pope Deplores Danger FHA Resources More
Than $97,000,000
Of New Tyranny
Since the
emergency
housing
gage
beginning of the war
in the summer
was
who
Payments to U. S.
June
On
15
the
ceived the sum of
Treasury
the
rep¬
semi-annual
Pay~
ment of interest in the amount of
$133,227.50
under
the
Funding
Agreement of May 1, 1923; $13,695.06 as the ninth semi-annual
annuity due under the postpone¬
ment
and
workers
f
from their
production centers.
as
annual
;—.—_—
4
annuity
under
the:
due
postponement agreement of Oct.
14, 1943.
The Treasury Depart- ;
ment reports
that these payments
represent the entire amcunt due
from the Government of Finland
on
June
15,
1941,
the first semi- agreements.
agreement of May 1,
$21,132.18
war
home ?
to take jobs in war
migrated
$168,054.74 from
the Government of Finland,
resenting
714,890 i
majority of which
produced for
communities
re¬
totaled
insurance
units—the vast
Finland Makes Interest
of 1940,:
provided with FHA mort- «
1945,
under
these
Volume
Number 4421
162
THE COMMERCIAL & FINANCIAL CHRONICLE
State and
1333
City Department
BOND PROPOSALS AND NEGOTIATIONS
The
ARIZONA
in
Maricopa County Sch. Dist. (P. O.
Phoenix), Ariz.
Bond Sale—It is stated that the
following
bonds
amounting
to
$102,000, offered for sale on Aug.
.13, were awarded to Refsnes, Ely,
..
Beck & Co., of Phoenix:
$37,000 school district No.
a price of 100.10.
65,000 school district No.
a price of 100.10.
proposals
for $7,968,000
struction and
construction of
new
Orange
County,
Garden
Grove
Sch. Dist. (P. O. Santa Ana), Cal.
000
proved, by
the
Sale
Details—The
semi-annual
$240,-
school
at
authorized
price of 100.56, a basis of about
1.55%. Dated July 1, 1945. De¬
$10,000 in 1956 to 1970.
the
Board
oi
bonds..
Arkansas
State
College
Library
notes.
State
(Confederate)
pension
bonds.
;
State hospital construction bonds.
State
Construction
refunding
bonds.
State permanent school refunding
Ci. bonds.
State
(Teachers College)
ing bonds.
V
refund-
Penitentiary
refunding
i bonds.
Agricultural, mechanical and nor¬
mal school notes.
interest of the
standing
must
State's credit
and
revenues.
at
be
flat
a
Tenders
price.
No
ac¬
crued interest will be paid on the
obligations accepted, and the right
of acceptance or rejection of all
or any part of the
obligations so
tendered
is
reserved.
Immediate
confirmation will be made of
ac¬
cepted tenders and payment will
be made
on
Oct. 1,
Bond
Offer! ng--G. A. PequeCounty Clerk, will receive
sealed bids until 10 a.m. on Sept.
17, for the purchase of $140,000
school bonds, at not exceeding 4%
interest. Dated Oct. 1, 1945.
De¬
nomination
$1,000.
Due
$7,000
Oct. 1, 1950 to 1969.
The bonds
gnat,
will
be sold for cash only and
Each bid must state that the bid¬
der offers
to
state
any,
and accrued inters
par
the
date
of
delivery,
and
separately the premium, if
offered for the bonds bid for,
and the rate of interest said bonds
Principal and interest
payable at the County Treasurer's
office.
Forms to be used in submitting
tenders may be obtained, by re¬
quest, at the office of the
secre¬
tary of the Board.
certified
a
check
of the bonds bid for, pay¬
able to the Chairman of the Board
of
Supervisors.
San
Francisco
California
special
election
to
hold
voters
issue
an
of
airport
improvement bonds amounting to
$20,000,000.
County, Petaluma City
High Sch. Dist. (P. O. Santa
Rosa), Cal.
CALIFORNIA
by the
City Clerk that the $425,000 semi¬
annual
awarded
water
of
1945
bonds
sold
to the Bank of
America, N. T. &
S. A.* of San Francisco, as 114s
and l3/4s, as noted here—v.
162,
p.
925—were purchased at
Contra Costa
par.
County, Ambrose
Sch. Dist. (P. O. Martinez), Cal.
Bond
Sale—The
$120,000 im¬
provement and building bonds of¬
fered
for
sale
recently,
were
to
Trust
15,
1945.
These
as
cost
of
$20,000
about
net
a
interest
2.07%, as follows:
maturing $5,1, 1948 to 1951, as
bonds
000
on
Sept.
ZVzs, and $100,000 maturing Sept.
1; $5,000 in 1952 to 1958, $10,000
in 1959 to 1964, and $5,000 in
1965,
2s.
Dated- Sept. 1, 1945. De¬
as
nomination
interest
$1,000.
(M-S)
Principal and
payable
at
the
County Treasurer's office.
Legal¬
ity approved by Orrick, Dahlquist,
Neff & Herrington, of San Fran¬
cisco.
was
The
next
highest
bidder
Weeden & Co., on $120,000 as
2V2S, at
price
a
of
101.52,
a
net
in
000
Sold—It is
Brinkley,
zens
Bank
on
reported
by
City Clerk; that
of
were
Aug. 15 to the Citi¬
National
June
Trust
Riverside,
&
as
Savings
2s, at a
price of 100.96.
1956
to
1970.
The
next
was the
Bank of
America National Trust & Savings
Association, San Francisco.
Bond Call—The
calls
for
payment on Oct. 2, an
$224,000 2% electric light
and power plant revenue refund¬
ing bonds, series of 1940.
issue of
DELAWARE
Castle County Henrik J.
Krebs Sch. Dist. No. 21 (P. O.
Newport), Del.
Bond Sale—The $100,000 school
bonds offered for sale on
Sept.
10—v. 162, p. 612-«-were awarded
to Laird, Bissell & Meeds of Wil¬
mington, as l'/2s, at, a price of
102.101, a basis ol' about 1.25%.
ders
1, 1945.
These
1965.
were:
are
.
_
Bidder
Laird
&
due
Other
held
on
Oct.
23.
District
'
Price Bid
Co.,
—1
will
for
consolidation
the
special
Dade
school
tax
County into
school
district
daries
of
the
the
2
10
districts
of
special tax
one
to
Oct.
on
of
be
known
as
The boun¬
district
would
be
co-extensive with the boundaries
of the county and the assets and
of
property
become
the
those
districts
come
of
property therein would be¬
primarily liable for the pay¬
of
all
existing
indebtedness
special
tax
of
school
the
dis¬
tricts.
Homestead, Fla.
Bond
stated
Validity Approved—It is
that Circuit Judge
Stanley
Milledge on Aug. 30 approved the
validity
of
$947,000
refunding
bonds, which the city expects to
offer for sale,
bearing 3% in¬
terest, in the near future.
They
be
dated
April
1,
For 1%S
-
102.55
the
voters
ap¬
been
submitted
in
barred
the
obligations of the
as
City of Ocoee. Creditors desiring
further
information
may
secure
balance
for
date
face
of
at
40%
amount
of
said
if paid
on or
notified to present
the notes at the City Treasurer's
office
through
Bank
are
draw
or
a
the
the
draft
on
Florida
Peoples
the City
National
Savings
Bank, both in Lakeland, for pay¬
ment of the notes, as no exchange
will be paid by the City.
or
Miami Shores
Validated—The
$350,000
golf club purchase bonds author¬
ized at the election held on June
12,
have
been
validated
Judicial
by
Circuit
Plan
the
Debt
the
Court.
of
being notified that
under the provisions of the inter¬
locutory decree entered by the
U.
the
S.
are
District
Court
Southern District
1, I960,
and 4 %
thereafter
Conservancy Dist.
(P. O. Miami)* Fla.
Bonds
Offered
in
of
and
to
Public
•—
of
000:
\-
$185,000 Z%% refunding of 1945
bonds. Due Oct. 1, as follows:
$8,000 in 1952, $9,000 in 1953,
$10,000
in
1954
and
1955,
$11,000 in 1956 and 1957, $12,000 in 1958 and 1959,
$13,000
in 1960, $14,000 in 1961 and
1962, $10,000 in 1963 to 1967,
1925, numbered from 1 to 2590,
being called for payment on
1.
Denomination
$1,000.
Oct. 1, 1925.
Due on Oct.
1, 1955, optional on Oct. 1, 1945.
Dated
'On
and
of
bonds.
Due
Oct.
1,
H.,
at the
or
payment
date
York
Oahu, T,
Co.,
principal,
upon
and
presentation
surrender
City,
Trust
of said bonds
accompanied by all
appurtenant
coupons
after
said
date,
and
maturing
the
interest
accrued thereon upon
presentation
and
surrender of
any
matured
Interest
coupons.
6n date
ceases
called.
I4
ILLINOIS
Adams
*
County (P. O. Quincy), ///«
Bond
Election
A $1,050,000
joint county
building and city hall at Quincy
bond
issue
will
be
—
for
a
presented
County voters at
tion
Oct.
18.
The
to
Adams
special elec¬
a
is the
amount
county's share of the building.
?
At the same time
Quincy voters
will act upon a city
proposal.
<
Plans for the new building were
launched after
tornado last
a
damaged the present
house, built in 1876.
Alexander
and
Pulaski
Apr.
court
Counties
Community High School Dist.
No.
37
(P. O. Tamms), III. \
Purchased—Barcus, Kin¬
dred & Co;, of
Chicago, and the
Illinois
Municipal Bond Co.; of
Murphysboro, jointly, purchased
Bonds
recently
issue of $30,000 414%
an
semi-annual
refunding
bonds.
1, 1945. Legality^ ap¬
proved by Charles & Tauernlcht,
Dated July
of St. Louis.
!
Danville, III.
J
*
j
-
Bond Election Planned—An is¬
sue
be
of street lighting bonds will
submitted to the voters at an.
election
to
be held
this fall.
1
including
up
at
Oct.
a
Dated April 1, 1945. Denomina¬
tion $1>000. Principal and interest
(A-O) payable at the Marine Mid¬
part
of
$28,500
Election
park
—
An
bonds
be held
to
on
,
issue
will
mitted to the voters at
Oct.
be
an
of
sub¬
election
9.
For rest on, III.
Bonds Voted—At
election on'
an
Sept. 5 the voters approved the
issuance of $11,000 street lighting
system bonds by a ratio of about}
two to
one.
;
Highland Park Park Dist. (P. O. I
Highland Park), III.
These
original
an
Bond
to
1, 1955,
premium re¬
duction *of *4 of 1% per year.
thereafter
East Moline, III.
thereafter
premium of 314%
and
bonds,
the
the
Bankers
New
1969.
Optional in whole or in part
Oct. 1, 1952, at a premium
of 314%, and on any princi¬
a
called
will
pay,
either at the Territorial Treasur¬
er's office in Honolulu,
refunding of 1945
on
at
date
Hawaii
$11,000 in 1968.
120,000 3 V4%
pal
after
Territory
.
and
semi¬
Improvement bonds
are
Oct.
A
syndicate composed of the Han¬
son-Davidson Co, of San
Antonio,
Paine, Webber, Jackson & Curtis,
of Chicago, and Sullivan, Nelson
& Gross, of West Palm
Beach, is
offering for investment the fol¬
lowing bonds amounting to $305,-
V
Bond Election—The issuance of
pur¬
chase of
$132,000
edness
an
$480,000, issued to refund
heretofore legally created indebt¬
of the District, are, in the
opinion of the counsel, valid and
binding obligations of the District,
and for the payment of
principal
and interest thereon as the same
shall become due, special taxes or
assessments,
known
as
"Debt
Service Taxes" • are required to
be levied annually on all land
within
the
District
within
the
by law.
Legal¬
ity approved by Chapman & Cut¬
ler,
of
Chicago,
and
McCall,
Parkhurst & Crowe, of Dallas.
Venice, Fla.
Certificate
3%
Sale—The
semi-annual
Sept.
New
offered
8—v.
purchased
water
162,
by
York,
at
for
p.
Baker
Dated July 1, 1945.
sale
&
Co.,
of
$1,000.
due
on
These
of
par.
Denomination
Jan.
No other bid
certificates
are
1, from 1948 to 1975.
was
received.
land
acquisition
bonds
will be submitted to the voters at
election scheduled for Oct. 10,
it is said.
;
Lee
1
County Sch. Dist. No. 170
(P. O. Dixon), III. I
i
Bond Offering—D. B.
District
sealed
Secretary,
bids until
j
j
Raymond,
will
receive
4
p.m. on Sept.
24, for the purchase of $77,000
1V2% school bonds. Dated Oct; 1,
1945. Denomination $1,000. These
bonds are due on Nov. 1, as fol¬
lows: $26,000 in 1956 and 1957,
and $25,000 in 1958. The approv¬
ing opinion of Chapman & Cut¬
ler, of Chicago will be furnished.
Enclose
certified
a
$1,000.
check
/
Bond
for,
V
*
Quincy, Ili.
on
1219—were
price
a
$225,000
revenue
for
Florida,
Orlando
Division, on Aug.
15,
1945, in which the modified plan
that all of the 4V2%
urer,
annual Public
12
South Florida
certificates
Composition
Submitted—Bondholders
city
1945, refunding
limits prescribed
(P. O. Miami),
Florida
Bonds
1,
50%
f
D.
Ackerman, Jr., Territorial Treas¬
.will
refundable
land Trust Co., New York.
and will pay the
presentation at the City
Holders
Jan.
1
participation
creditor
total
The bonds will bear in¬
terest at 1% to Jan. 1,
1950; 2% to
Jan. 1, 1955; 3% to Jan.
said
issue
on
his
interest.
the
The City has set apart sufficient
funds to pay all outstanding notes
of
by
Each
ing bonds will be dated Jan. 1,
1945, due Jan. 1, 1980, callable on
any interest payment date prior
to maturity at par
plus accrued
the
and
such
sented by said notes,
before July 1, 1946.
indebtedness will
thereof and par¬
ticipation certificates for the bal¬
ance of such claim.
The refund*
1975.
Pressgrove, City
Clerk and Comptroller, has an¬
nounced that the City's tax de¬
linquent notes, dated July 1, 1936,
maturing on July 1, 1946, are
called for payment on or before
July 1, 1946, the City reserving
the right to pay said notes on or
that
for
to
Call—L.
before
the
evidenced
bonds
Lakeland, Fla.
Note
of
(Territory of)
Bond Call—It is stated
by W.
period of time, shall be for¬
same
ever
1945, and
will be due from 1950 to
Ocoee, Fla.
Co.,
1946,
would
theB proposed
School District No, 1 and all tax¬
Modified
102.016
Francis L. duPont &
election
held
102.412
Delaware, Dover
special
be
School District No. 1.
Farmers Bank of the State
of
not
HAWAII
Hawaii
original
exchange within this
which proof of claim
on
claim
Up For
It is stated that an
election
Eleventh
For l%s
or
receive
Consolidation
Balloting
on
bid¬
for
certificates.
Special Tax Sch.
Dists., Fla.
Denomination
bonds
—
be
Dade County
Treasurer's office.
New
submit
securities for exchange under the
plan, or within which to file
proofs of claim on the same in
this proceeding.
be
system to liquidate the debt.
same
1, 1946 to
the water
on
notes
agree
to
payment and dis¬
charge of the indebtedness repre¬
City Treasurer
to
15,
of
funding certificates
bearers
Collins, Colo.
which
July
approximately it by contacting W. H. Wurst, Jr.,
$200,000 for enlargement of the ;,CityfClerk^
Under
the modified plan of
present water system and states
that the City has also applied for composition the City proposes to
an
allotment from the Federal issue general obligation refund¬
Works Agency in connection with ing bonds which are to be ex¬
the project. It is the intention of
changed
with
holders
in
an
the City to make this a
self-liqui¬ amount equal to one-half of the
dating project and to issue re¬ Indebtedness of the City end the
expendilure
accept
$15,432,000 school building and Rose Hill-Minquadale Sch. Dist. No.
improvement bonds is said to be
47 (P. O. Wilmington), Del.
scheduled for a vote at a special
Bonds
Voted
At
a
recent
to
that
unpaid
COLORADO
Fort
For l%s
Oakland, Calif.
J,
Bond Election—The issuance of
election
1
highest bidder
Oct.
$120,000 water works bonds
awarded
on
$15,000 in 1946 to 1950,
$20,000 in 1951 to 1955, and $25,-
$1,000.
Indio. Calif.
E. G.
due
are
$1,000,
follows:
Dated Oct.
interest cost of about 2.37%.
Bonds
Dated June
Denomination
bonds
Trust
&
ciation, of San
price of 100.024,
For
America,
Savings Asso¬
Francisco, at a
American
Co. of San Francisco.
awarded to the Bank of
National
the
Siver, City Clerk
Treasurer, has announced
the City is anticipating an
will
Bond Sale—The $550,000 build¬
ing bonds offered for sale on
Sept.
11—v.
162, p. 721—-were
Price Paid—It is stated
H
including
within
has
on
Scnoma
Antioch, Calif.
and
The pur¬
of this election is to submit
the
and
time,
Water Certificate Issuance Fore¬
seen—Harold F.
Nov. 6 has been passed.
to
to
Any and all securities not sub¬
Bradenton, Fla.
ment
be
composition of the City was
approved, all bondholders have
Assembly.
FLORIDA
able
(City and County),
Bond Election Ordinance Passed
—An ordinance providing for a
pose
1945.
Enclose
for 5%
of
mitted
at
not less than par and accrued
/in¬
terest
to
the
date
of
delivery.
shall bear.
All bonds and notes will be pur¬
chased with primary regard to the
best
Riverside County, Banning
Elementary Sch. Dist. (P. O.
Riverside), Cal.
est
State
$1,000.
These bonds
$9,000 in 1946 to 1955, and
due
are
Fiscal Control, will receive sealed
tenders
until 10 a.m. (CWT), on
Sept. 25, for the purchase of the
following obligations of the State:
State
(Revolving
Loan)
school
not
by the last session of
the General
on July 31 to the South¬
County Bank, of Anaheim, as
1.60s,—v. 162, p. bl2—were sold at
Jr.,
of
Interest rate is
exceed
bonds
nomination
Secretary
Denomina¬
ern
Arkansas (P. O. Little Rock), Ark.
Tenders Wanted—F. A. Storey,
-
school
$40,000
2y2%, payable semi¬
annually.
t)ue $4,000 in 1946 to
1955, inclusive. These bonds were
a
ARKANSAS
of
tion $1,000.
awarded
14,
count of 270 to 49,
a
issuance
improvement bonds.
to
high schools.
Bond
66, at
call
elementary school improve¬
and $7,464,000 for recon¬
ments
.,
f
Election—City Council has
set Oct. 16
election
as
the date of
at which
a
special
the voters will
pass upon
the issuance of $600,000
in
to be
bonds,
proposed
new
used toward the
joint
city
countv building urogram.
and
i
Washington Park (P. O.
at. Louts),
III.
of $20,000 3%
bonds, and it
issuance
the
funding
warrant
1951
reported that the issue will be
by the Municipal Bond
is
1, 1945.
1960
in
to
at par
Callable
on
Jan. 1, 1956.
pany
is
to
IOWA
Consolidated Sch. Dist.
Bennett
(P. O. Bennett), Iowa
Bond Sale—The $100,000
■
semi-
building bonds offered
for sale on Sept 6—v. 162, p. 1035
—were awarded to local banks as
annual
bidder
Rate
•
Co.*
1951 to 1962 will be
redeemable in whole, or in
101.85
part in the inverse order of
their numbering, prior to ma¬
&
Stuart
Halsey,
iy2%;, 101.60
—
& Co.,
101.75
1%%
/ dates
any
on
prin¬
Both
interest.
accrued
,jCedclr Falls, Iowa
/Bond Issue Authorized—An is¬
sue of $110,000 sewer bonds was
authorized recently by the City
cipal and interest of the bonds
wiil be payable at the State
Bank & Trust Co., in Rich¬
Council.
Bank
mond,
*
Coin, Iowa
the
voters
water
system
for
Iowa : City, • ■ Iowa /
■
■
furnished.
$2,110.23 5%
sidewalk assessment
bonds offered for sale on Sept
Sale—The
/ Bond
semi-annual
B—fv.-162,
1219—were awarded
of Iowa City, at
p.
to John Mentzer,
price
a
are
These
101.18.
of
bonds
11, 1945.
dated July
port bonds offered for sale on
Sept.'. 7 — v. 162, p. 1219 — were
awarded to the Carleton D. Beh
the Town Clerk.
was the
Next best bidder
Commercial State Bank of
Dated Sept. 15, 1945.
Pocahontas.
Due
Sept. 15 in 1950 to 1964.
on
O- Davenport),
Scott County (P.
yly-.
to
suj^nitted to
—
An issue of
construction
house
amounting
taxable
becomes
Federal
law the suc¬
tax
income
cessful bidder will be relieved
of
obligation to accept delivery
the deposited check will be
the
on
request.
voters at the
the
through Connecticut and New
York. The Kittery-Portland sec¬
tion has been designed to elimin¬
ate 90%
of highway causes of
accidents and to decrease travel¬
30 minutes.
It
was
Escude, Jr., Town Treasurer, has
announced that the Town will is¬
$45,000 sewage system and,
disposal plant bonds, of which
one-half
will probably be rev¬
sue
remainder
the
and
run
Parish Sch. Dist. No. 8
(P. O. Bastrop), La.
Bond
Offering
—
Sept. 29.
on
E
Bangor and Fort Kent,
Joseph T. Sayward of Kehnebunk,
chairman of the
Maine
Turnpike Authority created by
the
1941
Legislature, said the
four-lane
highway would have
two 24-foot roadways separated
tween
by
a
26-foot dividing Strip,
four-foot treated gravel
outside
the
on
'Bond
Offering
$jlitor,
City
—
Clerk,
Truman
G.
will receive
sealed bids until 8 p.m. on Sept.
17,';for the purchase of $16,500
Dated Feb.
1,
Denomination
$1,000, one
hospital
1945/
for
$500.
bonds.
Due Nov. 1, as follows:
$5'pU in 1948, and $1,000 in 1949 to
1964.
ijidders should specify the inter¬
est
rate
being
given
lowest
and, ail other conditions
equal, preference will be
to the bid specifying the
coupon interest rate.
The
of
legalized
afnd jvalidated by the General Assiembly of Iowa at its 1945 session.
proceedings
said ; bonds
for
have
the
issuance
been
Thdcity will furnish the approv¬
ing legal opinion of Chapman &
Cutler, of Chicago, and all bids
It will be
S.
principal highway en¬
Plans include
two
airplane
landing
into Maine.
least
strips built adjacent to the high¬
way. The turnpike will have no
cross-roads, no traffic signals, no
roadside bill boards, and no pe¬
destrian travel.
There will be
only 18 curves, none sharper than
1%, in the entire 50 miles of the
first section.
can
competition we
expect for the nation's tourist
from other recreational
States,"
Secretary-Treasury of the Parish
"Maine
said
Governor
Hildreth,
must have such a
super¬
school
highway if we are to protect fully
our
$108,000,000 tourist business.
One of the best ways to keep xhis
bonds, to bear not exceeding 2%
est
interest.
bonds
Enclose
$75,000
These bonds
from
000
cf
Sept.
1,
certified
a
due $5,-
are
1946
to
1960.
than par
and accrued interest, or for less
than all of the bonds will be en¬
tertained. No bid or bids for less
than the $1,500,000 offered, will
be accepted, provided that if two
or more responsible bidders have
made the same bid and each bid
is the highest at the lowest inter¬
est cost, then such bonds may be
awarded in a ratable proportion
check for 5%
Vermilion
Parish
Road Dist. No.
I
(P. O. Abbeville), La.
Bond
$200,000
will
Election—An
road
and
issue
bridge
of
bonds
be submitted to the voters at
the election to be held
on
Oct. 16.
(P. O. 108 East Lexington St.,
Baltimore 3), Md.
Bond. Offering
Codd,
—
A.
William
Chief Auditor, informs us
that the Commission is making an
offering of $1,500,000 not to ex¬
ceed
2%%
interest Chesapeake
Winnfield, La.
Bonds Offered for Investment—
Bay
Ferry
System
Improvement
bids
will
be
coupon
bonds.
Sealed
electric light and waterworks rev¬
enue
bonds is being offered by
ceived
by
Weil
Daylight Saving Time is changed
An issue of $260,000
&
Arnold
of
2%%
New
Orleans,
for
to
public subscription, at prices
yield from 0.90% to 2.25%, ac¬
10
a.m.
the
Eastern
Commission
War
Time,
re¬
until
or
if
by Congress before Sept. 25, then
a.m. Eastern Standard Time,
at 10
a
so
conditioned.
certified check; for $500.
Enclose
cording to maturity.
Denomina¬
tion $1,000.
Dated Nov. 1, 1944.
on
100.533
Co
&
Bank.
National
Merchants
Boston
100.03
Boston 1%
Bank.
National
First
Peabody, Mass.
Sale—The $20,000
•
,
Bond
street
paving bonds offered for sale on,
Sept. 13 were awarded to Robert
Hawkins & Co. of Boston, as Is,
at
100.09, a basis of
Dated Sept. 1, 1945.
of
price
a
about 0.97%.
—
—
Delivery of said
made
to the
Bonds will be
successful bidder or
bidders, at the office of the Chief
Auditor of The State Roads Com¬
mission of
Interest
Birmingham.
must
coupons
bonds
for pay¬
these
accompany
when
presenting
same
ment.
Maryland, on or before
Mich.
Detroit,
East
(E.W.T.), or (E.S.T., which¬
ever prevails)
Oct. 22nd, 1945. A
copy of the Act authorizing the
sale of the bonds, of the Resolu¬
tion of the Commission with re¬
Stephen R. Henderson will receive
sealed tenders of interest refund¬
spect to the issuance thereof, and
Financial and related data with
and
Noon
be obtained
by the prospective bidders, by ap¬
plication after Sept. 12, 1945, to
William A. Codd, Chief Auditor,
The State Roads Commission of
Maryland, Room 301, State Roads
respect thereto, may
Commission Building, 108 E.
Tenders
ington Street, Baltimore,
Invited
—
Clerk
City
ing certificates of indebtedness of
Series A, B-l, B-3, B-5, B-6, B-7,
1, 1940,
B-12, all dated Oct.
bonds of Series A,
and refunding
B-l, B-3, B-5, B-6, B-7, B-8 and
B-ll, all dated Oct. 1, 1940, until
Lex¬
3, Mary¬
land.
MASSACHUSETTS
Andover, Mass.
Offering—Thaxter Eaton,
Sept. 17, at 8 p.m. (Eastern War
Time).
Tenders should fully describe
securities
the
including ser¬
value and stat
offered,
number,
ies
par
price and amount for
which
they will be sold to the City
Offerings should be firm through
Sept. 19.
and
Erin
Townships,
Warren
Fractional Sch. Dist. No. 2
receive
(P. O. East Detroit), Mich. '//
sealed bids until 2 P.M. (EWT),
Bond Sale Details—It is now re
on
Sept. 17, for the purchase of
$75,000 water extension coupon ported that the $607,000 refund
notes.
'•» > ;
ing bonds sold to a syndicate
headed by H. V. Sattley & Co. of
Dated Oct. 1, 1945. Denomina¬
Detroit, as noted here—v. 162
tion $1,000.
Due $15,000 Oct. 1,
1946 to
1950.
Bidders to name p. 1220 —•• ware purchased at a
price of 100.0003, a net interes
one rate of interest in a multiple
cost of about 2.783%, on the bondr
of
of 1%. -No bid for less than
divided as follows: 2%
interes
par and accrued interest will be
to the Oct. 1, 1947 maturity; 2 ¥2%
accepted.
Principal and interest
thereafter to Oct. 1, 1951; ther
payable at the Second National
Bank of Boston.
The notes will 3% thereafter to Oct. 1, 1954
be certified as to genuineness by 3%% thereafter to Oct. 1, 1959
and 4%
thereafter to maturity
the Director of Accounts, Depart-,
Interest payable A-O.
? *;
ment of Corporations and Taxa¬
Treasurer,
will
■
Sept. 25. The bonds will be
subject to registration as to prin¬ tion, Commonwealth of Massachu¬
Due serially from Nov. 1, 1947 to
cipal and interest and bear date setts.
Delivery at
the Second
Denomination National Bank of Boston, on or
1964, inclusive. Principal and in¬ of Oct. 1, 1945.
KENTUCKY
terest (M-N) payable at the Na¬
$1,000.
Due
as
follows:
$99- about Oct. 1, 1945. No telephone
Eastern Kentucky State Teachers tional Bank of
1947, $100,000 in
1948, bid will be accepted.
Commerce, New 000 in
•College (P. O. Richmond), Ky.
Orleans. Callable in inverse order $101,000 in 1949, $102,000 in 1950,
Massachusetts (State of)
y Bond " Offering—L.
Katherine of maturities on Nov. 1, 1950, $104,000 in 1951, $105,000 in 1952,
Note
Offering—John E. Hur¬
Morgan, Secretary of the Board or any time thereafter at 103 and $106,000 in 1953, $108,000 in 1954.
of
$109,000 in 1955, $110,000 in 1956, ley, State Treasurer, will receive
Regents,- wiil receive sealed
accrued interest, on 30 days' pub¬
(EDST)
bids until 11 a.m. on Sept. 17, for
$112,000 in 1957, $113,000 in 1958, sealed bids until noon
lished
notice. Legality
approved S*15.000 in 1959. and $116,000 in on Sept. 14 for the purchase of
the purchase of the following re¬
notes amounting to
$5,000,000. .♦/
by Chapman & Cutler, of Chicago. 1960.funding bonds totaling $263,000:
snalj be
Bid "
100.678
1%
Hawkins
Robert
responsible bidders These bonds ire due $4,000 on
same price at the
Sept. 1, 1946 to 1950. Other bid¬
same interest cost.
The Commis¬
ders were as follows:
sion reserves the right, in its dis¬
Bidder
Price Bid
cretion, to reject all the bids or
First Nat'l Bank, Boston,
any bid. No conditional bids will
For Is
100.OX:
be accepted unless such condition
Tyler & Co.,
is waived by the bidder to the
For lV4s
100.33
satisfaction
of the
Commission
before opening of the bids. A bid
1;'
MICHIGAN
(
conditioned upon approval of the
Bloomfield, Troy, Royal Oak and
bidder
or
of
counsel, whether
Southfield Twps., Fractional Sch.
named or unnamed, will be re¬
Dist. No. 1 (P. O. Birmingham),
garded as a conditional bid. The
Michigan
>,
;
legality of this issue will be ap¬
Bond
Call
Wylie Groves,
proved by Brown & Brune, of
Baltimore, and approving opinion Treasurer of the Board of Educa¬
tion, is calling for payment on
of this firm will be delivered up¬
on
request, to the purchaser of Oct. I, on which date interest
the bonds without charge, A cer¬ shall cease, refunding bonds Noa,
tified check for $30,000, payable 401 to 435, at the Manufacturers
Detroit, or the
to order of the State Treasurer, National Bank,
Birmingham
National Bank of
must accompany the bid.
Town
Maryland State Roads Commission
Price
1%
Bidder
such
bidding the
Note
MARYLAND
Int.
Rate
*
No bid for less
v
among
for new business is a su¬
perior means of highway travel."
of the bid.
the
at
their respective ma¬
until
turities.
fully
purchase
in Boston - or New
option of the pur-,
Interest on the notes will
payable
York
set
business and to compete success¬
the
Principal and interest pay¬
able at the City Treasurer's office,
lanes.
with
shoulders
business
Shaw,
D.
Board, will receive sealed
bids until 11 a.m. on Oct. 2, for
Waukon, Iowa
and Aug¬
between Brunswick
usta, with a fourth between Aug¬
usta and Bangor, and a fifth be¬
"In view of the
Morehouse
the turn¬
between Portland and
Brunswick, would be made at an
early date. The third section will
School
election to be held
announced that surveys
for the second section of
at
Bond Issuance Planned—Jos. L.
bonds
points by
ing time between these
trance
bonds
$1,500,000 will be
which, in turn, will connect with
another in Massachusetts, and so
Route One,
LOUISIANA
Mansura, La.
enue
Hampshire
New
in
surveyed
located west of the present U.
special millage bonds.
IOWa
,
/Bond Election
court
according to
Moines,
Des
ual
air¬
—
of
therefrom
income
returned
Pocahontas, Iowa
Bond
Sale
The
$28,000
said bonds the
to an individ¬
under any
the delivery of
to
and
'sr.:
Co:.
Chicago, will be
In the event that prior
& Cutler, of
man
:*■■
of Chap¬
The approving opinion
margin.
'v'".: 1: ■'
Enclose a certified check
$2,000.
par.
issuance of $7,500
bonds, by a large
the
approved
specify
bid of not less than 103% of
a
said to have
are
1948, the first section will connect
a
similar highway already
with
of the pike,
option
the
New
in
Co.,
Bidders must
holder.
recent elec¬
Bonds Voted—At a
■
tion
Trust
at
York,
Chemical
the
at
or
&
in
completion
on
interest pay¬
ment date, on or after Oct. 1,
1950, upon terms of par and
turity
McDermott
and Asso-
Shaw,
and $10,000 in
the years
Bid
V/2%
Bidder
hicles per year.
Scheduled
for
Said bonds maturing in
1962.
Price
Int.
White-Phillips Co.,
1960 and 1961,
follows:
Other bidders were as
between
Car, and $1.25 for trucks, based on
a traffic estimate of 2,000,000 ve¬
1956, $15,000 in 1957, $16,000
in 1958 and 1959, $17,000 in
101.85 for IV2S.
lips Co., offering
50-mile strip
bonds, amortized by tolls, will fi¬
the project. The toll rate
will be 50 cents per passenger
in
$14,000
1955,
in
$15,000
a
nance
1951, $12,000 in 19(>2, $14,000 in 1953, $13,000 in 1954,
1, 1965. Second
be
will
$13,000
1949, $11,000 in 1950,
Revenue
Kittery and Portland, to cost an
estimated
$13,000,000.
Revenue
in
the White-Phil¬
was
of)
(State
1946..
and for other pur¬ chaser.
forth in the Act au¬ be payable at maturity. The Com¬
thorizing the issue. Bidders are monwealth figures the interest on
requested to name the interest exact number of days on a 360Boston delivery.
rate or rates in multiples of V\ of day year basis.
1%, and each bidder must specify
North Adams, Mass.
in his bid the amount and matur¬
Bond Sale—The $35,000 depart*
ities of the bonds of each rate. No
mental equipment bonds offered
bid may name more than three
for sale on Sept. 10 — v.
162,
interest rates, and all bonds of any
p. 1220—were awarded to Weeden
one
maturity must bear interest &
Co., of New York, as %s, at a
at the same rate. The bonds will
price of 100.078, a basis of about
be awarded to the bidder offer¬
0.72%.
Dated
Sept.
15,
1945.
ing to purchase the bonds at the Denomination
$1,000.
These
lowest interest cost to the State,
bonds are due $7,000 on Sept. 15,
such cost to be determined by de¬ in 1946 to 1950.
The next highest
ducting the total amount of the bidder was R. L. Day & Co., for
premium bid from the aggregate %s, at a price of par. Other bid¬
amount of interest upon all of the
ders were as follows:
poses
nancing
in 1948 and
1947, $12,000
in
1
1964, and on Sept.
Turnpike
228,000 Building Revenue bonds.
Due $10,000 in 1946, $11,000
iy2s, at ~st price of 101.75, a basis
of about 1.31%.
Dated Sept. 1,
1945,
Due from Dec. 1, 1946 to
best
any
Due May
The notes are issued
under the provisions of Chapter
731 of the Acts of 1945 on account
of Revenue.
Principal and inter¬
Dated Sept. 19, 1945.
2,
ferry terminal,
These bonds
1946 to 1969.
Bond Fi¬
Scheduled—Construction
of the Maine Turnpike, a fourlane, streamlined
superhighway
with airplane landing strips, to
payable at the office of the run between Kittery and Fort
Treasurer
of
Eastern
Ken¬ Kent, will be started next Spring,
tucky State Teachers College. according to announcement, Sept.
No bid of less than 103% of 7,
by Gov. Horace A. Hildreth
and members of the Maine Turn¬
par will be favorably consid¬
ered.
Enclose
a
certified pike Authority.
check for $500.
First section to be constructed
The com¬
have the option of
breaking the contract if the bonds
are not in their hands by Oct. 15.
terest
Maine
interest payment date,
on or after Oct. 1, 1950, upon
terms of par and accrued in¬
terest. Both principal and in¬
terest of the bonds will be
on
1959, and $3,1965, inclusive.
and accrued in¬
$1,000 in 1958 and
000
due on Oct. 1, in
are
maturity
numbering, prior to
bonds.
school
000
whole, or in part in
order
of their
in
inverse
the
Chicago.
Dated Sept.
Due on Jan. 1 as follows:
of
Corp.
office, at
Offering—The Clerk of more, at the option of the holder.
of Education will re¬ Proceeds of the financing will
ceive sealed bids until 3 p.m. on,. be used to purchase or construct
steel
ferry;
to
construct a
Sept. 18, for the purchase of $120,- a
Board
the
to
able
handled
(A-O)
Treasurer's
Annapolis, or at Balti¬
Bond
maturing in the years
1955 will be redeem¬
bonds
interest
payable at the State
Calms Sch. Dist., Me.
April I, as follows: $3,000 in 1946 to 1950, and $4,000
in
1951
to 1955.
Said
lage Board is said to nave autriorized
1945.
1,
Oct.
Dated
bonds.
and
Principal
MAINE
Revenue
Dormitory
Due
Contract —The Vil¬
Sale
Bond
J $35,000 2%
East
Monday, September 17, 1945'
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1332
Township Sch. Dist. No.
Fenton
(P. O. Fenton), Mich•
Sale—The
Bond
bonds
offered
$32,000 schoo
sale
for
on
Sept
Crouse, Ben
nett, Smith & Co., of Detroit, ac
10, were awarded to
cording
Harvey
to'
Assistant Secretary.
1,'
1945.
These
as
Swaneback
Dated Sept
Denomination
bonds
are
follows: $6,000
due
on
$1,000
Sept. 1
in 1946 to 1948
.Volume 162
Number 4421
and $7,000 in
1949 and 1950. The
next
highest bidder
Michigan Corp.
of
Michigan
v":No
Bond
THE COMMERCIAL & FINANCIAL
CHRONICLE
was
the First
'.
•
Received—
Charles M. Zeigler, State Highway
Commissioner, has announced that
no
tenders of Michigan
refunding bonds, dated
1939, April 16, 1939, and
1940, were received on
highway
Feb, 15,
March 1,
Sept. 10.
Monroe County, Mich.
Gilles¬
"
Tenders Wanted—F. E.
pie, County Road Commissioner,
Will
10
receive
sealed tenders
(E.W.T.)
a.m.
until
Sept. 20 for
the purchase of the following re¬
funding bonds, dated March 1,
1939, amounting to $33,000:
on
Rate
Ast.
Ma-
of
1036—were
Stuart &
$5,000
2>/»'/o
Sauk
1946
58
1,000
2 Vi 'to
1948
59
8,000
2Vt'.'c
1946
Bond
2V2%
1949
7,000
2Wc'
1950
voters
1,000
2*/4% 3:
1946
struction
C4
1,000
2V*%
1946
10
1,000
-...
2V2'p
'
2,000
2j/2%
2Vz%
given
issue
an
of
bonds
With
the
lowest
price
owners of such
which
at
the
rants
the same to the
sinking fund. No
tenders at prices above par
interest will be considered.
and
in
one
Bond
Sale
city
debt consists of
between
and
the
a
counties
of
the
eastern
county money available
be
used
surplus
would
showed
1
on
that
several
hand.
at
debt
millions
The
the
now
the
pay
Speed Co., of Jack¬
son—v. 162, p. 927—were sold as
1V4S, at a price of par. Interest
payable A-O.
of
the
18
less
of
1%, four
1%, one
than
had
debts
under
was
}k%y and another under 2%%.
also
was
announced
that
Of
the
amount,
gasoline
taxes
brought $609,209, while corpora¬
tion taxes yielded
$23,599.
Nankin
Township Sch. Dist. No. 3
(P. O. No. 2, Plymouth), Mich.
Bond Sale—The $21,000 school
building bonds offered for sale
Aug. 31—v. 162, p. 926—were
to
Crouse,
Bennett,
Smith & Co., of
Detroit, as 2%s.
Dated Sept. 1, 1945. Denomination
on
awarded
$1,000.
These
March
1,
bonds
due
on
$4,000
in
are
follows:
as
1946, $5,000 in 1947, and $4,000 in
1948
to ]fd950.
Interest payable
M-S.
Laurel, Miss.
Bonds
nebraska
r
Purchased—An
issue
of
Falls
$55,000 Wz% refunding bonds was
purchased recently by Kingsbury
& Alvis, of New
Orleans, at a
price of 100.745, a basis of about
Dated Oct. 1, 1945. These
due on Oct. 1, as fol¬
lows: $5,000 in 1946 to 1950, and
are
Bender
at
.
a
Corp., of Omaha,
price
giving
of St. Louis.
ment
Oct.
on
Bonds
Bank
Chicago,
water
&
Trust
system
Co.,
revenue
bonds Nos. 167 and 168.
~
5
bids
for
until
the
the Detroit Trust
District
quired
is
Picayune,
Bond
to
and
levy
to
necessary
interest
itation
ity,
the
bonds
of
titution and
Tax
act.
Act.'1
&
Trauernicht,
Louis.
to
Grouse,
Bennett,
Co., of Detroit.
Dated
ept. 15, 1945.
These notes are
ue
on
Jan. 15, 1946.
The only
of
::V."
awarded
ional
was
the
First
Bond Sale Details—It is stated
by the Secretary of the Board of
Education that the $110,000 school
bonds sold to Hill Brothers of St.
minnesota
*
Detroit
Lakest Minn.
Louis,
lV8s, at a price of 100.11
p. 927—are dated Aug.
rovement
warrants offered
for
1, 1945, and mature on Feb. 1 as
le on Sept. 10—v. 162, p. 1036—
follows: $3,000 in 1947 to 1951;
ere awarded to the water and
$2,000, 1952 to 1956, and $17,000 in
ight commission, at a price of par. 1957 to
1961, all inclusive'Princi¬
ated Sept. 1,1945. Denomination
pal and interest (F-A) payable at
130. These bonds are due $130 on
the St. Louis Trust Co., St. Louis.
ept. 1 from 1946 to 1955 incl.
Legality approved by Charles &
Warrant
Sale—The
$1,300 im-
nterest M-S.
Elk
Trauernicht of St. Louis.
River,
Bond Sale—The
bligation
.
1220—were
on
system
to
J.
M.
ain
Co., of Minneapolis. Dated
ept. 1, 1945. Denomination $1,00.
These bonds
montana
bonds
Fort
Sept. 6—v. 162,
awarded
are
due
Basis of
about 1.11%.
Minn.
$70,000 general
electric
ffered for sale
as
162,
—v.
on
Jan.
„
Benton,
Bonds Voted—An
000
water
voted
Aug. 9.
at
report
covering the Com¬
investigation of Albany
assessments, made public on Sept.
5, re-assessment of all real prop¬
Characterizing the Albany
administrative
ments
review
of
ple
of
Albany
mendations
ture
for
to
and
the
changes
of
on
Oct. 23.
Election
—
While
it
discusses
specifically
the findings of the Albany inves¬
tigation, the report also treats
assessing conditions generally in
the proposed legis¬
changes
would
improve
assessment practices
throughout
lative
the State.
In making its recommendations
to the officials and the
people of
the City of Albany, the Commis¬
sion
took
notice
of
the
"consti¬
field
bonds
of
will
election to be held
on
Oct. 9.
new
bonds
the
jersey
Burlington Township (P.
Burlington), N. J.
O.
(home rule) limitation
its authority in the field of
Bond
Sale—The
on
Sept. 6—v. 162, p. 822
awarded to the
—were
Trust
1,
Riverside
Co.,
Sept.
offered
Dated
$1,000.
These bonds are due on Sept. 1,
as follows: $4,000 in 1946 to 1950,
and $3,000 in 1951 to 1955.
The
next
of Riverside.
1945.
Denom.
highest
Mechanics
lington.
bidder
National
was
Bank,
the
Bur¬
;
Mont.
election
$218,000
gen¬
$25,favorably
held
on
The
the
successful
above
bidder
bonds for
reoffered
public subscriotion at prices to yield from
1.00%
to
1.35%, according
to
and
interest.
Principal
semi-annual
interest
(April
payable at the prin¬
cipal office of the Paying Agent.
These Terminal Bonds,
Series
1 and Oct, 1)
J, are direct and general ^obli¬
gations of The Port of New York
Authority and are secured by a
pledge of the net revenues de¬
rived
from the operation of the
Authority Union Terminal
Freight Stations Number 2,'/and
and Number 3. They are also se¬
cured by a pledge of the General
Port
Reserve
Fund
of the Authority,
with other obligations
of the Authority. The resolution
authorizing the Terminal Bonds,
Series J, provides for their man¬
datory exchange for General ^nd
pari
passu
of
'
M-FZ
v
Cazenovia, N.
Y.
Offering—Margaret BlodVillage Treasurer, will re¬
sealed
bids
until
1
p.m.
on
Sept. 20 for the purchase of $30,water coupon or registered
bonds, not exceeding 5 % interest.
Dated Oct. 1, 1945. Denomination
$1,000. Due $1,000 Oct. 1, 1946 to
000
Bidders
to
of interest in
one-tenth
will
tirm
be
of
1
the
name
rate
multiples of Va or
%, and the bonds
awarded
to
the
person,
corporation offering to
purchase the same at not less than
par with accrued interest at the
lowest rate of interest- and if two
or
more
bidders
name
the
same
lowest rate of interest, then to the
bidder offering in addition the
highest premium. General obliga¬
tions of the Village, payable from
unlimited taxes.
Bids must be
for all of said bonds.
Principal
Terminal
6ondp,
when such General and
Refunding Bonds can be validly
of investigation and
of
assess¬
ments.
the
as
Series J,
supervision
the Authority, dated Sept. 7, 1945.
Legality of the bonds to be ap^
proved
by
Leander
I.
Shelley,
General Counsel for the Port Au¬
thority, and by Wood, Hoffman,
King & Dawson of New York,
bond
counsel.
-
r
Bonds Publicly Offered—Harri¬
Ripley & Co. and Associates
public re-offering of the
a price of 98 and accrued
interest, yielding about 1.82% to
man,
made
bonds at
maturity,' It
is
expected . that
definitive bonds will be ready for
delivery
about Oct. 1,: 1945.
syndicates
entered
bids for the
issue, the
other two groups being headed by
Blyth & Co., Inc., and Halsey,
Stuart & Co., Inc., respectively.
on or
Other
The
to
Bids—Three
first
named
94.60
pay
interest
cost
to
1.966%,
and
l3/4s,
the
Stuart & Co.
-
offered
account
for
or a net
borrower of
the
bid
of
Halsey,
and interest payable in New York
exchange at the Cazenovia Na¬
tional Bank, Cazenovia.
The ap¬
94.269 for l%s,
a net cost of 1.979%.
Other mem¬
bers of the Blyth & Co. syndicate
proving opinion of Wood, Hoff¬
King & Dawson of New
York, will be furnished the pur¬
included
Phelps,
Fenn
Stone
Webster
and
man,
Enclose
a
certified check
for 3% of the bonds bid for, pay¬
able to the Village.
„—
White, Weld & Co., and.Kean, Taylor & Co.,
I jointly
-100.178
B. J. Van Ingen & Co., and
J. S. Rippel & Co.,
jointly
100.099
of $1,000 registerprincipal only or both
issued for such purpose under the
terms of the Basic Resolution set
forth in the Official Statement of
powers
general
refunding bonds offered for
New York, N. Y.
sale on Sept. 11—v. 162, p. 1036—
New Low-Rent Housing Devel¬
were
awarded to Halsey, Stuart
& Co., as 1.40s, at a price of opment Planned—This city is to
have
another
municipally
fi¬
100.315, a basis of about 1.359%.
nanced low-rent housing develop¬
Dated Sept. 1, 1945. Denomination
ment.
The project will be a 564$1,000. These bonds are due on
unit addition to the Jacob Riis
Sept. 1, from 1950 to 1955. The
next
highest
bidder
was
the Houses, a federally aided devel¬
of which
Peoples
Trust
Co.
of
Bergen opment, construction
was deferred by the war. The ad¬
County, Hackensack, for 1.60s, at
dition will bring the total devel¬
a price of 100.093.
Other bids, for
opment up to 1,740 units.
The
1%% bonds, were as follows:
city-aided portion will be built
i Bidder
Price Bid
with
development
funds
from
M. M. Freeman & Co.
100.305
Bonds Offered for Investmentr—
isue of
was
Sale—The
Oct.
tain
chaser.
Hackensack, N. J.
100^%
at
before
or
features
or
$35,000 water
bonds
assessment
1959;
on
assessment and
taxation,"
but pointed out also that it is en¬
dowed by the tax law with cer¬
'
system
Bonds.
Refunding Bonds of the Authority
having the same interest rate, date
issue, maturity and redemption
tutional
1975.
issue
An
and
recom¬
laws.
1,
and
to
as
principal
rec«»
assessing
J
denomination
able
Legisla¬
in
Series
1, 1964; and at 100% thereafter to
maturity.
Coupon bonds in the
assess¬
two
State
the
Oct.
thereafter
ommendations
to
the
Albany
city administration and the peo¬
ceive
issue
before
assess¬
series of five
a
1.9056%.
on
interest payment
dates, at 101% beginning on April
1, 1950, and thereafter and on or
"peculiarly susceptible
political manipulations," the
to
for
as
report makes
of
Authority,
erty in the city was recommended
by the State Tax Commission.
eral
Ferguson Sch. Dist. (P. O.
Ferguson), Mo. /-■.
Bank, Wakefield.
a
gett,
.
missouri
Na-
In
cost
Subject to this limitation, redeem¬
able in whole or in part, at the
option of The Port of New York
mission's
amount¬
be submitted to the voters at the
Bond
&
bidder
be held
$20,000 aviation
St.
.
ther
to
Bond
all
issue
County (P. O. Magnolia),
Mississippi
Charles
Sept. 10—v. 162, p. 1220—were
Tax Commission Reports
Investigation of Assessments—
Bond
Election—An
If and
Hamp Jones Co., of Jackson, and
Kenneth G. Price & Co.^ of McComb, jointly, purchased recently
an issue of
$41,181.38 1%% semi¬
annual funding bonds. Dated Aug.
1,
1945.
Legality approved by
Note Sale—The $40,000 tax an*
ticipation notes offered for sale
mith
Bond
created
State
on
Nebraska
bonds
Wilber, Nebraska
Bonds Purchased—The Walton-
Township Sch. Dist.
(P. O. Wakefield), Mich.
of
Oct.
be submitted to the voters at the
for sale
by Section 21,
Michigan Conthe Michigan "Prop-
Limitation
in
will
Pike
the
issues
on
$25,000 swimming pool bonds will
J.
and
Wakefield
n
then
City
thereon, within the lim¬
X
various
Miss.
Foreseen—A.
probability the
improvement
bonds for the financing which will
probably be in about a year.
all
(P. O. Lincoln), Neb.
plan preparation under Title
prescribed
Article
rty
pay
Issuance
V of the reconversion
re¬
upon
refunding
new york
on
Ord, Nebraska
when the project becomes a real¬
the taxable property therein such
ad
valorem
taxes
as
may
be
revenue
interest
1, 1.945. These bonds
April 1, 1985.' Not
redeemable prior to April 1, 1950.
Subject to redemption prior to
April 1, 1955 only through the op¬
eration of the sinking fund to 'be
Albany, N. Y.
ing to $1,959,947.'
that the City has borrowed funds
from the Federal Works Agency
for
1, 1960,
1, 1950,
of about 1.04%.
State subdivision
Read, City Clerk, has announced
Co., Detroit. The
authorized
by law
2,
election
8
purchase
162,
v.
—
Funds, will offer for sale
Louis.
p.m. on Sept.
of $35,000
building coupon bonds, at not ex¬
ceeding 4% interest. Dated Sept.
1, - 1945
Denomination
$1,000.
Due $7,000 March 1, 1946 to 1950.
Principal and interest payable at
13,
of
in 1946 to 1950. Legality approved
b,y Charles & Trauernicht, of St.
TipDistrict Secretary, received
sealed
issue
Dated Sept. 1, 1945. These
bonds are due $2,000 on Sept. 1.
Bonds Offered—Luther A.
pery,
Purchased—An
1.72%.
Taylor Township Sch. Dist. No.
(P. O. Dearborn), Mich.
.
Maben),
2*4% school bonds was
purchased recently by Kingsbury
& Alvis, of New
Orleans, at a
price of 101.50, a basis of about
of
102.313
IV2S,
as
Portfolio Bond Offering— Hen¬
ry H. Bartling, Secretary of the
Board of Educational Land and
$10,000
1, at the American
National
»
Mississippi
Call—Sarah E. Bradford,
Township Clerk, calls for pay¬
light
net
a
Dated April
are
due on
bonds amounting to $50,000.
local
County, Maben Line
Con. Sch. Dist. (P. O.
Bond
of
a basis
Nebraska
Okitbbeha
*
An
the State and
p. 927—are due on Oct.
and are optional on Oct.
$6,000 in 1951 to 1955. Legality ap¬
proved by Charles & Trauernicht,
Royal Oak Township (P. O. Hazel
Park), Mich.
• \
City, Neb.
Maturity—It is now stated by
the City Clerk that the
$55,000
swimming pool, and the $39,000
airport bonds sold to the Wachob-
1.36%.
bonds
—
passed
recently
the issuance of elec¬
authorizing
tric
Passed
^as
"primitive and in¬
adequate," and the system of local
report
end
$685,637 was collected in State
taxes during the month of
August.
recently
to the Leland
Ordinance
ment system as
31 counties had no
had debts of less than
year,
It
$26,-
to
of
be
fiscal
of
Details—The
outstanding bond
equally
distributed
western
could
The
Bond
ordinance
the present
parts of the State,
Sam
D.
Goza, board chairman,
explained.
He added that if all
hospital con¬
amounting
to
bonds awarded
county,
obligations
Collins, Miss.
000
bonds will sell the
& Co., W. E. Hutton &
Co., and
Kuhn, Loeb & Co., all of New
York, as l%s, at a price of 96.1099,
amount
one-half
the
new mexico
Clovis, New Mexico
the exception of a
negli¬
of registered war¬
gible
Mississippi
All tenders shall fully describe
bonds
tendered, stipulating
.
The county
30, 1945 was
$1,960,244, which com¬
with the 1944 figure of $2,-
debt,
1950
Freres & Co., White, Weld &
Co.,
Union Securities Corp., Estabrook
1
266,993.
Centre, Minn.
—
Smith, Barney & Co., First Bos¬
Corp., Lehman Bros., Lazard
ton
city.
year,
as
pares
1949
4,000
est level in 40 years.
total debt as of June
Halsey,
Pending
Sept.
on
maturity.
These bonds are con¬
sidered general obligations of the
indebtedness of Mon¬
tana counties dropped to its low¬
$150,000.
1948
72A
72A
to
reported
during the 1944-45 fiscal
1333
the bonded
City Council is considering call¬
ing an election to submit to the
CO
3,000
that
as
Election
62
_•
Equalization
awarded
Co.,
(State of)
Counties' Bonded Debt At Low
—
The
State
Board
of
Figure
Is, at a price of
100.03, a basis of about 0.99 %.
Dated Sept. 1, 1945.
Denomina¬
tion $1,000. These bonds are due
on July
1, as follows: $10,000 in
1947 to 1949, and $5,000 in 1950
and 1951. The next highest bidder
was Northwestern National Bank,
Minneapolis.
Pai Value Interest May 1
56
€0
Montana
Kandiyohi County Indep. Sch.
Sch. Dist. No. 47 (P. O.
Willmar), Minn.
Bond Sale—The $40,000 semi¬
annual refunding bonds offered
for sale on Sept. 10—v,. 162, p.
turing
Amount
Dist.
follows: $5,000 in 1948 and
1949, and $10,000 in 1950 to 1955.
The next highest bidder was the
as
Bank of Elk River.
(State of)
Tenders
1,
the sale of
&
was
&
Co.,
Blodgetjt,
Inc., Goldman, Sachs & Co., Paine,
Webber, Jackson & Curtis, Harris,
Hall & Co., F. S. Moseley & Co.,
and R. W. Pressprich & Co,
In
the Halsey,
Stuart group were,
among others:
Ladenburg, Thalmann
& Co., Blair & Co.,
Inc.,
Hallgarten & Co., E. H. Rollins
& Sons, and B.' J. Van Ingen
Co-Inc-s
Purpose
the
finance
issue
be
used
of
proposed
Newark Union
Terminals,
is
will
construction
Authority's
and
•>
Of Issue—Proceeds of
bond
the
to
Manhattan
Motor
Truck
completion of which
for January 1947. T
;
scheduled
Previous
of
interest,
Financing—It
may
particularly in
b'e
light
authority bonds to the
public. Low rfents will be assured
by an annual cash subsidy, which
pal
will be derived from the
to compare outcome of the current
cupancy
city
oc¬
of the lower trend of the munici¬
bond
sale with
tax.
market
the
since
results
V-J
da^,
achieved by
the Port
Port of New York
Bond
ries
Authority, N. Y.
Sale—The
J, terminal
Sept. 13—v. 162,
$7,500,000 se¬
bonds offered
1222—were
awarded to a syndicate composed
of Harriman, Ripley & Co., Inc.,
p.
long
-
Authority on its previous
term
financing
operation.
The latter occurred
of this year,
>
Port
on
March
28
when aq issue of $12,500,000 ninth series general and
refunding
bonds,
maturing
in
1985, was awarded to a syndicate *
Blyth & Co., Inc., as Will be furnished with the opin¬
ion of Reed, Hoyt & Washburn, of
price of 99.15, a net
New York,
that the bonds are
interest cost of 1.534%. This con¬
valid and binding obligations of
trasts with the net cost of 1.9056%
the District.
Enclose a certified
at which the current issue of $7,check for $360, payable to the
500,000, also due in 1985, was dis¬
District.
posed of by the bi-State agency.
The
previous offering incident¬
Utica, New York
ally, details 01 which appeared
Bond Offering—Thomas J. Nel¬
headed
%
by
at
IV2S,
a
1473-rattracted six son, City Comptroller, will re¬
issue just sold ceive sealed
bids
until
noon
elicited only three offers. In the
(EWT) on Sept. 20 for the pur¬
case ofj the five unsuccessful tend¬
chase of the following coupon or
ers
submitted for the March 28
registered bonds amounting to
loan, the range of net interest $571,884.18, not exceeding 4% in¬
161, p.
in—.v.
the
while
bids,
costs
to
1.5364%
from
was
1.6914%.
Series J
Conversion Feature Of
his announcement of
the award of the $7,500,000 series
J terminal bonds, Howard S. Cull¬
Bends—In
$4,000 in 1947 to 1955.
120,000.00 Public Imp., Series A
bonds.
Denomination $1,000.
Chairman of the Port Au¬
thority, said: The Series J Bonds
sold by the Port Authority
on
Sept. 13 are unique in that they
carry a feature calling for their
mandatory conversion to General
and Refunding Bonds having the
same interest rate, maturity date,
call prices, and the like.
Elimin¬
ating a separate refunding opera¬
tion after the truck terminals are
man,
$5,000 in
1948
of
$4,850,000, will be 1,000 feet long
and 175 feet wide, with a daily
capacity of 2,000 tons. It will ex¬
building will necessitate the
closing
of Charlton and King
Streets, between Greenwich and
Washington Streets.
In Newark, the 2,500-ton truck
freight station will cost $2,650,000
and ..will he located on a site of
about 25 acres in the area east
of Broad Street and Frelinghuysen
Avenue and south of the Passaic
River. The terminal structure will
the
.
1, as fol¬
1946, and
$70,000 in 1947 to 1950.
1,100 feet long and 200 feet
he
wide.
in
difference
The
of
cost
the
cipal and interest payable at the
City Treasurer's office, with New
York exchange.
Registerable as
principal and interest and not
otherwise.
Direct obligations of
to
the
bid
No
limited
from
payable
City
taxes.
than par
less
for
from date of
bonds to date of delivery will be
considered and all bids not com¬
and accrued interest
the
of
terms
the
with
plying
rejected.
the two terminals which are al¬
most identical in size and design, The bonds of odd denominations
results from the necessity of pro¬ will be typewritten and if so re¬
viding parking space on the roof quested by the successful bidder,
of the Manhattan
terminal for will be purchased by the City for
loaded trucks and trailers.
This its
Sinking Funds,
but at no
type of roof construction is neces¬ greater price than that offered by
sarily costly. With ground park¬ the successful bidder. The pur¬
ing space available at the Newark chaser will be furnished with the
terminal, such roof construction is
unnecessary. In addition, there is
a
difference in land costs.
Ramapo and Clarkstown Moleston
Fire District
(P. O. Spring
Valley), it. Y.
Bond
Offering
"Wallace,
—
W.
of
the
Board of Commissioners, will re¬
ceive
sealed bids until
10
a.m.
(EWT)
Sept. 25 for the pur¬
chase
of $18,000 fire apparatus
and equipment coupon or regis¬
tered bonds, not exceeding 5% in¬
terest, Dated Oct. 15, 1945.
De¬
nomination $1,000.
These bonds
are
due on April 15, as follows:
$4,000 in 1946 to 1949, and $2,000
on
in 1950.
Rate of interest to be in
multiples of V4 or one-tenth of
1%, and must be the same for all
of
the
bonds.
terest
Principal and
payable at
Co., Spring
in¬
the Ramapo
Valley.
The
be
opinion of Wood, Hoffman, King
& Dawson, of New York.
The
bonds will be delivered to the
purchaser on Oct. 10, 1945, or as
soon thereafter as delivery can be
A
effected.
George
Secretary
Jr.,
will
sale
of
notice
prescribed
form
of
proposal will be furnished on ap¬
plication at the City Comptroller's
office and all proposals must be
unconditional
Enclose
scribed.
therein
as
a
pre¬
certified check
$11,437.68, payable to the City
Comptroller.
for
Lee County
(P. O. Sanford), N. C.
Commissioners
authorized recently the issuance
of hospital
bonds amounting to
of
County
$125,000.
Carolina (State of)
North
Fiscal
1945
Revenues
Year
Show
Increase—Revenues of the
bonds will be awarded to the bid¬
State
for
der offering the lowest rate of in¬
ended
terest, without regard to premium,
of 5.05% over the 1944
and if two
according to
Trust
the
or
more
bidders offer
lowest rate
same
of
interest,
the bonds will be awarded to the
bidder
offering
mium.
No bid for less than all of
of
bonds
the
the
will
highest
pre¬
considered.
be
Said bonds, are to.be issued pur¬
suant to the Town Law. The pe¬
of
riod
probable
usefulness
each object or purpose
the bonds
to be issued is five
are
The
years.
of
for which
District
is
author¬
ized and required by law to levy
on
all
taxable
property
of
the
District such ad valorem taxes
may
bonds
be
necessary
and
without
amount.
the
pay
interest
limitation
The
to
as
to
successful
as
the
thereon,
rate
or
bidder
which
June 30, last, showed a gain
the
fiscal
the
Co.,
Phelps
&
Co.,
year
fiscal year,
State's Depart¬
be held in
5.54%
of
at
Revenue.
June
$82,517,812
as
collec¬
An
Sought
—
Cuyahoga Heights (P. O. R.
Bennett, Smith
jointly,
For $75,000, 3s, and
$386,000, 13/4s
Ira Haupt & Co.,
1222—were
Cleveland,
Stranahan,
Harris & Co., Inc., of Toledo, and
the National City Bank, of Cleve¬
land, as 134s, at a price of 101.53,
Bank,
101.00
by R. P.
Clerk and Treas¬
urer, that the town has exercised
its option to call for redemption
on Oct. 1, at par and accrued in¬
terest, refunding bonds Nos. 27
to 34, for $1,000 each, and No. 35,
for $500, aggregating $8,500. Dated
April 1, 1939. Due April 1*, 1964.
should
pre¬
the Bankers
Trust
Co.,
New
Interest
against
bonds.
sources
submitted to the voters at an
ceases
on
date
of
1,
Sept.
Town
at
of
basis
a
Snow Hill, N.C.
bonds
composed of Fahey, Clark &
cate
about
1945.
Dated
1.60%.
Denomination $1,-
These bonds are due
000.
Dec. 1,
on
their
sale
for
Co.,
—
semi¬
River Purifica¬
Second Issue bonds offered
on
Sept. 11—v. 162, p.
awarded to a syndi¬
tion,
100.08
Nashville, and
C. F. Cassell & Co.,
sent
Sale—The $600,000
annual Cuyahoga
Bank,
Holders of said bonds
F, D.
Ohio
& Co.,
Bond Call—It is stated
Ap¬
Brooklyn Station, Cleveland),
Crouse,
$30,000
The only
1947 to 1966.
other bidder was Wm. J.
Mericka
Fox, Reusch & Co., Ryan,
& Co.,
Sutherland & Co.,
Bidders may bid for
1946 to 1955.
in a!
Said bonds
were
authorized by the electors
at the November, 1944, election,
payable from taxes to be levied
a
different
interest
of
rate
multiple of % .of 1%/
of
outside
The
limitations.
tax
proceedings looking to the issu-.
ance
of said bonds have been
taken under the
supervision of.
Squire, Sanders & Dempsey, of
Cleveland^ whose approving opin¬
of the City.
•
certified check for 1%
-
chaser at the expense
a
of the issue,
payable to the City.
Sch.
Lima
Election
Bond
Dist., Ohio
—
An issue
$3,750,000
to
First of Michi¬
gan Corp., and Nelson,-Browning
& Co., jointly,'for l3As, at a price
voters
the
election
of
be*
will
bonds
school
general
of an issue of $1,500,000
bonds v/ill be sought in
the near future, it is reported.
Bond
on
Oct. 1,
$19,000 April and $20,000
at
be
the
held
to
in
November.
Medina Sch. Dist.,
proval
bridge
Co., Cincinnati,
and
bids
noon
$390,000 3% hospital bonds. Dated
Aug. 1, 1945.
Interest payable
A-O.
Denomination $1,000.
Due.
submitted
November.
Approval
Bond
until
received
be
Sept. 25, by G. A. Burgoon, City;
Auditor,
for
the, purchase
of
be
Breed & Harrison,
Aiken,
of
issue
Cleveland, Ohio
$147,000, iy4s, and
$251,000, P/4s
__100.06
Equitable Securities Corp.,
Provident Savings Bank &
will
ion will be furnished to the pur-'
Carrollton),
submitted to the
at the general election to
voters
Lima, Ohio
Offering — Sealed
Bond
Enclose
—
'
$50,000 water works bonds has
passed.
grandstand construction
will
bonds
100.00
York City, for
tions ran 9.87% over the preced¬ payment in accordance herewith
ing year's level, the report dis¬ and interest coupons maturing
closed.
April
1,
1946, and subsequent
General fund revenues were up thereto, must be attached to said
ment
of Finance.
Election
*
Passed— An
for the issuance
„
B.
lk of 1%. En¬
certified check for 2% of
bonds bid for, payable to the
$116,000
jointly,
For $63,000, 5%s,
13/4s
in
a
Bond
For
$374,000,
of
Ohio
Durham, jointly,
Peoples
National
Charlottesville, Commerce
Union
Leipsic, Ohio
Ordinance
Bond
multiple of
Carroll County (P. O.
$75,000, 6s
$216,000, l3/4s, and
$170,000, iy2s
Shields & Co.,
Coffin & Burr, and
R. D. White & Co.,
$250,000.
ordinance calling
$10,000 in 1951 to 1953, and
Director
Winston-Salem, and
First Securities Corp.,
Trust
a
the
Corp.,
Securities
Vance
at
$20,000 in 1954. Bidders may bid
for a different rate of interest
close
Inc.,
Campbell,
amount has been
Morris,
Director of Finance, will receive
sealed bids until noon on Sept. 17
for the purchase of $50,000 2% re¬
funding bonds. . Dated Sept. 1,
1945. Denomination $1,000. These
bonds afe due on Dec. 1, as fol¬
in
&
general election.
The ;
tentatively fixed,
November
Ohio
Offering —F.
Bond
lows:
100.547
Harris
Stranahan,
Bond Issuance Authorized—The
Board
Price Bid
Bedford,
of
issue
been
held
be
Ohio
Election—An
grade school building bonds will
be submitted to the voters at the
bonds bid for.
to
bonds, dqted Jan.
Sch. Dist.,
Lebanon
Bond
Dist., Ohio
election
general
Village pur¬
recently $13,-
tenders
by
W.
an-r
1, 1939.
2y2%
system
the
that
has
Clerk,
Village
refunding
000
Novemoer.
jointly,
For $87,000, 5s, and
CAROLINA
NORTH
1,
Halsey, Stuart & Co., and
First of Michigan
Corp.,
jointly,
For $461,000 l%s
R. S. Dickson & Co.
Bonds
nounced
Planned—An is¬
addition bonds
amounting to $100,000 may be
submitted to the voters at the
bidders were as follows:
Bidder
Dated Sept. 1,
Hudson, Ohio
Purchased—William
Schilts,
'
general election.
the November
building
of
sue
1974, as iy2sOther
will be submitted to the voters at
Principal and interest pay¬
able at the office of the Village
Treasurer.
Enclose
a
certified
1968, as l%s, and $26,000 ma¬
turing Sept. 1, $4,000 in 1969
to 1972, and $5,000 in 1973 and
$360.28, Due Sept.
$69,360.28 in
pital bonds amounting to $500,000
1%.
100,000 Water bonds. For $74,000
maturing Sept. 1, $2,000 in
1946 to 1954, $4,000 in 1955 to
lows:
1945. Rate of in¬
multiple of lk or
one-tenth of 1%, and must be the
same for all of the bonds.
Prin¬
Sept.
on
Chard on),
Ohio
ders may bid for a different rate
of interest in a multiple of y4 of
1946 to 1968 incl.
from
$1,000, one for
terest to be in a
Due
upon
Bond Election—An issue of hos¬
Bond Election
bonds
Department
pass
Cieauga County (P. O,
mortgage bonds.
Dated Oct. 1,
1945. Denomination $1,000. Bid¬
Attica Sch.
of
the issuance
$675,000 improvement bonds.
will
Baker,
power
the voters
November
election in
chased
$50,000
purchase of
electric light and
the
1948 to 1967 incl.
Fire
l%s.
Bond
1222.
M.
Offering—S.
Bond
Due on Sept.
l%s.
as
1, from
as
Fund bonds.
Pension
FindlayCity Sch. Dist. (P. O.
Findlay), Ohio ±
Election—At the general,
price of
a
Village Clerk, will receive sealed
bids until 7:30 p.m. on Oct. 1 for
check for 5% of the
117,000
1947, and $4,000 in
Denomination
at
Arcanum, Ohio
Improvement
Public
bonds
1950.
to
349,360.28
Green¬
from Spring to
The length of
iy2s.
194,000
$6,000 in 1947 to 1950.
22,407.90 Delinquent County Tax
bonds.
Denomination $1,000,
one for $407.90.
Due Sept. 1,
as follows:
$5,407.90 in 1946,
Terminal, to be built at a cost
wich Streets, and
Houston Streets.
$2,000 Sept. 1, 1959 to 1977, as
Due Sept. 1, as fol¬
$5,116 in
1946. and
lows:
a
$50,000 Sewer bonds. For $32,000
maturing Sept. 1, $1,000 in
1948 to 1957, $2,000 in 1958,
as l%s, and $18,000 maturing
$116.00.
ity between 2 and 2Vz points.
The
Manhattan
Motor Truck
tend from Washington to
price of 100.05, a
net interest cost of about 1.70%:
AshevilJe, at
29,116.00 Delinquent Tax bonds.
Denomination $1,000, one for
the Port Author¬
feature will save
1946 to
1,
Sept.
1950.
conversion
mandatory
$1,000.
Denomination
$2,000
2y2s,
as
offering given in v. 162, p.
posed of John Nuveen & Co., of
Chicago,
the Mercantile - Com¬
merce Bank of St. Louis, and the
Wachovia Bank & Trust Co., of
Public Imp., Series B
bonds.
Due
opened and the projects become
eligible for such a refunding op¬
under the Basic Resolu¬
this
totaling $461,000, offered for sale
on
Sept. 11—v. 162, p. 1037—
were av/arded to a syndicate com-,
1955.
10,000.00
24
Aug.
$81,264,970 of the general fund 100.175 —v. 162, p. 1037 —were
total.
Income
tax
collections awarded to the Allison-Williams
stood at $37,345,675 against $36,- Co., of Minneapolis, at a basis of
557,319 for the 1944 fiscal year; about 2.201%. Dated Sept. 1, 1945.
sales tax, $21,841,505 against $19,- Denomination $1,000. These bonds
674,941; and franchise tax, $10,- are due from 1946 to 1959.
840,356 against $10,693,299.
OHIO
In the gasoline division, gaso¬
line taxes yielded $23,057,462 for
Akron, Ohio
the 12 months against $22,004,688
Date of Sale—Bids for $600,000
with June collections of $2,331,164
refunding bonds being offered by
against $2,143,302.
the city will be received up to
Sept. 24, not Sept. 25, as was
Raleigh, N. C.
Bond Sale—The following bonds noted in the detailed report of the
1946 to
1,
$12,000 Sept.
Due
eration
tion,
The revenue division accounted
for
terest:
$41,000.00 School bonds. Denom¬
ination $1,000. Due Sept. 1, as
follows: $5,000 in 1946, and
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1334
Ohio
construction
$330,000
of-
issue
Election—An
Bond
bonds will.
be submitted to the voters at
the
general election to be held in No¬
vember.
Montgomery County (P. O.
Dayton), Ohio
Election — The County
Commissioners have taken legal
Bond
steps
to
for
prepare
three
election
the
at
voters
the
to
submission;
November
issues
bond
.
amounting to $3,000,000.
Montpelier, Ohio
following
Election—The
Bond
bonds amounting to
$110,000, will
|>e submitted to the voters at the
held
to. be
election
general
in
sanitary sewer,
$25,000 fire station construction,
$10,000 street improvement's, $5,-
November: $35,000
000 garage
construction, and $35,pool construction
swimming
000
bonds.
^
101.15.
of
.
Bond
E.
Dayton, Ohio
Offering—It is stated by
Hagerman, Director
E.
nance,
that he will receive
bids until Oct. 5, for
of
Newark, Ohio
$2,000,000
a
of Fi¬
sealed
the purchase
issue
of
water works revenue bonds.
llh%
Dated
Plans Bond
tion
vote
Election—A resolu¬
providing for an election to
an
issue of lighting system
improvement bonds amounting to
$300,000 has been presented to the
City Council.
Parma
City
Sch.
1945. Interest payable JJ. Due. $80,000 from July 1, 1948
to 1972.
Bidders may bid for a
Clerk-Treasurer
different rate of interest in a mul¬
Education,
Oct.
1,
Bond
Dist.,
Offering—J.
H.
of the
Ohio
Wanek,
Board
of
receive sealed
$78,182,659 with a June total of called.
tiple of V4 of 1 %.. These bonds bids until 7 p.m. (EWT) on Sept.
were authorized at a meeting of
$4,433,635 marking a 5.75% gain.
25 for the purchase of $15,000 2%
NORTH DAKOTA
the City Commission on Sept. 5. series L, refunding bonds. Dated
Highway fund collections gained
3.85% to $34,353,832 from $33,Bismarck Sch. DistN. D.
Principal and interest will be pay¬ Oct. 1, 1945. Denomination $1,000.
Bond
Election — An
issue
of able from the revenue of the Due $5,000 Dec. 1, 1953 to 1955.
069,294 with the June total 17.06%
Bidders may bid for a different
higher at $2,807,836.
$200,000 building bonds will be
Water Works, but if this revenue
Collections
from
stood at $116,871,645
year
against
June aggregate
all
for the fiscal
$111,251,954.
The
of $7,241,472 com*
pared with $6,591,040 for the same
1944 month.
tion to be held on Sept.
elec¬
27.
eral
Maddock, N. D.
Bond
Sale Details—The
light plant revenue bonds
rate
is insufficient, they become a gen¬
$60,000
sold on
obligation bond payable from
taxes, that is they are
gage
Revenue bonds.
not Mort¬
of
will
interest
in
a
multiple of
The tax status of the
bonds refunded which will be as¬
y4
of
sumed
as
to
1%.
by this issue is unlimited
or rate.
Principal
amount
Volume
V
'
THE COMMERCIAL & FINANCIAL
CHRONICLE
and interest payable at the Cleve-
chase
land
Trust Co., Cleveland.
Pro¬
ceedings for authorization of the
above
issue
taken
.
Number 4421
162
under
bonds
of
have
bonds.
will
the
at
hall
rectors,
De¬
until
1, as follows: $6,000 in
1952, $6,875 in 1953, $6,000
in
1954
to
1959,
and
$7,000
iri
1960.
Bidders may bid for a dif¬
ferent rate of intgtest in a mul¬
ex¬
tiple of y4 of 1%. Principal and
interest payable at the First Well¬
payable to the District Treasurer.
ington Bank, Wellington. The ap¬
proving opinion of Squire, Sand¬
ers &
Dempsey, of Cleveland, will
Redding Sch. Dist., Ohio
Election' Planned
Bond
—
An
issue
of
$225,000 building bonds
submitted to the voters
at the general election to be held
close
be
a
payable to
hospital
bonds
to
amounting
J
i
7
Bond
Election
Planned
.
of
$75,000 garbage incinerator bonds
will be placed on the ballot at
the November general election.
"
f
St.
Resolution
Marys, Ohio
Adopted—The
City
Council has adopted a resolution
'
providing
issuance
system bonds.
for
the
■i $150,000 sewer
An
—
$300,000 park and swim¬
pool bonds m.ay be sub¬
mitted to the voters at
to be held
election
an
in the near future.
ucation,
bonds
that
$235,000
sold
were
recently
to the
Honnold, both
Oklahoma
at
City, jointly,
of
lVss,
as
price of 100.07.
a
Texas
County, Straight Con. Sch.
Dist. No. 80 (P. O.
Guymon),
Oklahoma
Bond Sale Details—The
$35,000
building bonds
29
to
R.
J.
Oklahoma
City—v.
sold
were
awarded
June
on
Edwards,
Inc.,
162,
of
183—
p.
follows:
as
$5,000
Is, and $30,-
maturing in 1948, as
000 maturing
$5,000 in 1949
1954, as iy4s.
These bonds
the
was
First
to
were
follows:
as
For
1%% Bonds
Bidder,
Price Bid
Braun, Bosworth & Co.,
.
Inc.
-
v
r
--
*
sealed
100.189
3%
.
Savings Bank &
Trust Co., Cincinnati
100.671
Field, Richards & Co._____100.090
in
1960
Sale—The
after
a
annual
refunding
for sale
on
—were
awarded
bonds
offered
Sept. 10—v. 162, p. 927
to
the
National
tion to be
$400,000
be
held
in
to
the
Wellington,
Bond
bonds
will
voters.
bonds.
Dated
Sept. 1, 1945;
De¬
on
to
Dec. 1, as follows:
1948,
$625
in
>.000 in 1950 to 1960.
bid for
in
a
$500 in 1946
1949,
and
$1,-
Bidders may
different rate of interest
a
multiple of % of 1%. Prin,r cipal and interest payable at the
j First Wellington Bank.
The ap¬
proving opinion of Squires, San..ders & • Dempsey of Cleveland,
will
be
.Enclose
furnished
a
the purchaser.
certified check for 5%
of the bonds
bid
for.
V;
Wellington
Township (P. O.
Wellington ), Ohio
'*•
Bond Offering—Earl B. Jameyson,
Chairman of the Board of
Trustees, will receive sealed bids
until noon on Sept. 29 for the pur¬
Due
Enclose
for
$2,140,
Denomination
Aug.
15,
fol¬
as
$1,000 in 1947 to 1956,
$1,500 in 1957 to 1966.
a
certified
check for
15,
1952. Enclose
for
$1,560,
certified check
a
payable
to
the
City.
15,000 series A, sewage disposal
plant enlargement bonds. De¬
nomination $1,000. Due $1,000
from
Aug. 15, 1947 to
1961.
.
Village Clerk, wiil receive sealed
bids until noon cn Sept. 29 for the
purchase of $13,125 2% town hall
nominations $1,000, $500, and one
for $125.
These bonds are due
or
Aug. 15, 1952, to be re¬
deemable at any interest pay¬
ment date on or after
Aug.
Ohio
Offering —John T. Duff,
1952.
check
on
after
elec¬
November the
construction
submitted
the
date
tions $1,000 and $500. Due
Aug. 15, as follows: $3,500 in
1947 to 1950, and
$4,000 in 1951
to 1966. Bonds
maturing on or
•
Exempted Village Sch;
(P. Q. Cincinnati), Ohio
At
15,
bonds.
Enclose
Silverton
—
ma¬
$500, payable to the City.
78,000 sewer bonds. Denomina¬
Oct. 1 in 1949 to 1951;
Eelection
Bonds
payment
Aug.
ment
lows:
City Bank, of Cleveland, as Wis,
at a price of 100.651, a basis of
about 1.12%;
Dated Sept. 1, 1945.
Bond
1966.
certified
$500.
.1
semi¬
sewer
payable to the City.
25,000 series A, park improve-
$100,000 series
coupon
to
interest
100.175
"P", issue of 1945,
A, storm
Denomination
Enclose Va
certified
check for $300, payable to the
City.
Dated
and
■
..
.
;
■
Aug. 15, 1945. Principal
payable at the City
interest cost to the Borough which
be determined by deduct¬
street
office.
Said
ing from the total amount of in¬
terest
and
printed
by
the
City.
Each bid shall be
accompanied by
a tabulation of the bidder show¬
ing cost of
money to the
Moldlla, Ore.
,
Bonds Voted—An issue of
fire truck purchase bonds
$8,600
was
fa¬
vorably voted at the election held
on
June 22.
Multnomah
%
■
Bonds Offered—Linn R.
Secretary
of
the
Board
of
Di¬
paid
face
of
account
on
during the life there¬
amount
of
over
premium
of the
amount
issue.
These
unlimited ad valorem taxes.
at
The
time
prior to
the delivery of the bonds of Fed¬
eral legislation
which in terms,
by the repeal or omission of ex¬
emptions or otherwise, subjects to
any
$1,000.
The
are
1,
to
1946
1%,
be
in
of
Vs
rate
County Commissioners upon
of
the
highest mnd
best bid. Rrigisterable as to
prin¬
cipal only. Bids must be uncon¬
acceptance
for
and
total of these
the
combined
issues, and must be
blank forms which
upon
furnished
the County
application.
by
troller
upon
County
will
will
be
Con¬
The
U
30
(P. O.
v
'
issue
of
r
Principal
payable
and
interest
the
at
'Central
Hanover Bank
& Trust Co., New
opinion of counsel,
constitute valid 'and
binding obligations of the; District,
York.
In the
said
bonds
payable
as
interest
from
to
both principal arid
ad valorem taxes,
without
limitation
amount
on
in
said
levy
all
has
of
made
for
the
collection; of
said
taxes.
Legality
approved
by
Huger Sirikler, of Charleston.
favorably voted
on Sept. 4.
Sept. 12 and
awarded to Moore, Leonard
& Lynch of Pittsburgh, as l%s,
at a price of 100.283.
Interest
payable M-S.
The second best
bidder
was
Singer,
Deane
Scribner, offering 100.561 for
&
'
Bond Issue Details—Dated Sept.
1, 1945. Denomination $1,000. Due
Sept. 1. as follows: $3,000 in 1946
to
1955, and $4,000 in 1956 to
1960.
The City shall have the
right on Sept. 1, 1948, or on any
interest paying period thereafter
to mature
and redeem any or
,
the
at
held
election
"*;jc
Woonsocket, S. D.
'
or
refund
for
Sale—The $15,000 2V2%
improvement bonds offered
sale
on V, Sept.;
10,
were
awarded to the Sanborn
County
Bank,, of
Woonsocket.
Dated
Sept. 1, 1945. Denom. $l,000. These
bonds are due on Sept. 1, as fol¬
lows: $1,000 in 1946 to 1952, and
$2,000 in 1953 to 1956.
These are
the bonds authorized at the elec¬
tion
held
Aug.
on
highest bidder
& Hopwood.
was
7.
The
next
Piper, Jaffray
f
TENNESSEE
all
Gibson
County (P. O.
^
Trenton), Tenn. ,V'v'i' *
of said bonds.
any
the
upon
secured
thereby
present or future law
Commonwealth. The sale
under
of
debt
any
the
of the bonds is subject to the
ap¬
proval of the proceedings author¬
izing the bonds by the Depart¬
ment
Internal
of
Affairs.
In
the
event that prior to the delivery of
the bonds the income received by
Revenue
510
a
type and character shall be
Collection
Increase
over
year
the corresponding
of
Election
•
the
to
on
period
shown by Phila¬
revenue
from all
ago was
delphia
city
including school tax col¬
during the first eight
months of 1945, it was announced
Sept. 5, by City Receiver of Taxes
Current year collections totaled
as against $92,675,088
amount.
tified
check
to the
Enclose
a cer¬
County.
for
$30,000, payable
receipts
was a
delinquent
Ashland, Pa.
E.
Offering—-It is stated by
K. Lessig, Borough Secretary,
he
will
receive
sealed
bids
until 7 p.m. (EWT), on Oct. 3, for
the purchase of $25,000 coupon
stand
bonds.
pipe
is not to exceed
Due
Interest
3%, payable A-O.
$1,000.
on
rate
Dated Oct.
Oct. 1, as follows:
$4,000 in 1946 to 1951, and $1,000
in
1952.
Registerable as to prin¬
cipal only.
rate
the
of
Bids will be received
entire .issue
interest
but
at
no
any
bid
one
com¬
terest will be
and
the
accepted. The bonds
interest thereon
will be
annual
improvement
fered for sale
p.
1223—were
Rollins
Pa.
Sale—The $150,000 semi¬
&
on
bonds
Sons,
of¬
Sept. 19—v. 162,
awarded
to
E.
H.
of
Philadelphia,
as
lV4s, at a price of 100.75, a
basis of about 1.18%.
Dated Sept.
1, 1945.
Denom. $1,000.
These
bonds are due on Sept. 1, as fol¬
lows: $8,000 in 1947 to 1964, and
$6,000 in 1965.
The next highest
bidders were
Singer, Deane &
Scribner, for lV4s, at a price of
100.05, and the Union Trust Co.,
Pittsburgh, at the same price.
Other
bidders
Bidder
For
were
as
follows:
Price Bid
1U% Bonds
Singer, Deane & Scribner 100.05
/
,
Defeated—The
house
v
■
bonds
$350,000
to
on
Aug. 25,
not approved.
were
yt
Brazos River Conservation and
Reclamation District (P. O.
Temple),
Bonds
Tex.
.
Purchased—An
issue
$600,000 2% semi-annual
of
perman¬
ent
improvement, series of 1945,
refunding bonds was purchased
recently by Hatcher & >Co., of
Dallas.
Dated May 1, 1945., Issued
for the purpose of refunding not
less
than
like
a
amount
of
out¬
standing bonds. Legality approved
by McCall, Parkhurst & Crowe,
of
Dallas.
/
,
Breckenridge Indep. SchJ Dist.
(P. O. Breckenridge), Tetas
Bond
Call
Grady
—
It
is
stated
,
'
by
Hester,
Secretary bf * the
Trustees, that all -outstanding and unpaid refunding
bonds,
Series
1940,
the tissue
dated April 10, 1940, maturing on
April 10 in 1946 to 1975, arfe be¬
ing called for payment on Oct. 10.
Payrpent of the bonds will be
Board
Wilkinsburg,
Bond
Bond
that
collected
rents
Sept. 15.
submitted
total of $345,000 in
water
last month.
elec¬
the voters at the election held
taxable by the terms of any
or
sub¬
the
Texas
Bonds
court
eral income tax
to rate
was
at
Angelina County (P. O. Lufkin),
$94,779,598
in the same eight-month period in
Fed¬
1944.
law, the success¬
ful bidder may, at his election, be
Real estate taxes for the first
relieved of his obligation under eight months this year jumped
the contract to purchase the bonds $326,426 over last year, although
and in such case the deposit ac¬ delinquent
city
taxes
dropped
companying his bid will be re¬ $21,990.
Wage and income-tax
turned. The successful bidder will receipts registered a $643,543 in¬
be furnished with the opinion of crease over the same period in
Burgwin & Churchill, of Pitts¬ 1944. *
'.J Water-rent receipts rose $367,burgh, that the bonds are valid
general obligations of the County, 581, the total for the period being
payable from ad valorem taxes $15,610,065 as compared with $14,levied upon all the taxable prop¬ 966,521 for the first eight months
erty therein without limitation as last year. Included in the current
voters
TEXAS
lections,
W. Frank Marshall.
issue
Held—An
$500,000 road bonds
mitted
tion held
sources,
private holders from bonds of the
same
Bond
Philadelphia, Pa.
Reported—An increase of $2,104,-
,
Bond
street
.
pay
taxes which may be
legally levied
or
assessed
upon
the bonds or
or
property
Adequate pro¬
been
and
tb' rate
as
taxable
District.
vision
char¬
were
of
the
.
Purchased—An
(M-S)
offered for sale ori
on
and must be
for all of the bojids, and
will be determined by
same
the
No.
1959.
Manson, City Clerk, that $50,000
street improvement bonds were
payable. M-S,
the
.
$3,500 4% refunding bonds was
purchased recently by the Bank of
Abbeville.
Dated Sept.
1, 1945.
Denom. $250.
These bonds are
due $250 on Sept. 1, in 1946 to
inter¬
or
Jeanc-tte, Pa.
,
Rate of inter¬
multiple
a
class
Bonds Sold—It is stated by J. C.
1955, and $57,-
ana
the
tax
a
•
,
SOUTH DAKOTA
the contract of sale and entitle
the purchaser to the return of the
A; v
•
Mitchell, S. D.
Bonds Voted—An issue of $ 110,amount deposited with the bid.
000 dam improvement bonds was
ma¬
follows: $93,000
as
income
bonds of
bonds,
at the election of the pur¬
Denomina¬
Combined
on
,
County, Cold Springs
Abbeville), S. C.-
acter which includes these
$150,000 lot and block assessment
plan, series 1; $100,000 veterans'
cemetery, series 2, and $100,000
bridge, series 2 bonds.
Dated Sept. 1, 1945.
Federal
101.069
102.01
Sch. Dist.
Bonds
of¬
and above the
obligations will be payable from
$350,000 park, series 14; $300,000
airport, series 8; $400,000 road,
series 52; $100,000
road, series 63;
bining two different rates of in¬
Cooper,
the
fered, if any,
O.
Road
Water Dist. (P. O.
Portland), Ore.
of,
will,
chaser, relieve the purchaser from
his obligations under the terms of
for
County, Powell Valley
be
bonds amounting to
$1,500,000, to
riot exceeding 2% interest:
1, 1945
■
to
such bonds
bear
Denomination
City.
im¬
sewer
a
bonds
will be sold subject to the
ap¬
proving opinion of Teal, Winfree,
McColloch, Shuler & Kelley, of
Portland; said bonds to be fur¬
nished
and
101.433
101.365
1%% Bonds
A','-''
Abbeville
amount of the issue at the lowest
shall
101.678
101.535
SOUTH CAROLINA
complied with the conditions of
sale, offers to take the whole
Pa.
:
Stroud & Co.
highest responsible bid¬
one who,
having
est
tion
For
inter¬
ceive sealed bids until 11 a.m. on
interest
Treasurer's
The
and accrued
par
Sept. 25, for the purchase of the
following
coupon
semi-annual
ditioned
and
Dist.
de¬
are
turing on and after Aug. 15,
1952, to be redeemable at any
.
Shaker Heights, Ohio
on
on
$1,000.
Due Aug. 15, as follows:
$5,000 in 1947 to
1959, and $6,000
t%% Bonds
Pohl & Co
Due
These bonds
series
bonds.
Ohio Co. of Columbus___.100.890
Bond
p.m.
follows:
as
$107,000
101.084
For
interest.
scribed
100.183
„__
i
7:30
Sept. 18, for the purchase of $225,bonds, to bear not exceeding
V Provident
.
until
000
For V/%% Bonds
Ryan, Sutherland & Co._—101.387
Halsey, Stuart & Co.__
101.317
Stranahan, Harris & Co.,
:-.
bids
100.436
_______
Fox, Reusch & Co.
Fahey, Clark & Co
Inc.
.
t
Offering—J.
R.
Wood¬
City Recorder, will receive
than
est.
Bond Offering—Robert G. Woodside, County Controller will re¬
est
Bond
ford,
The bonds will
highest responsible
der shall be the
000 in 1956 to 1965.
Medford, Ore.
assumes
bidder, provided such bid is not
less
re¬
interest date after
any
Allegheny County (P.
Pittsburgh), Pa.
Sept.
OREGON
I
^offers
be
1955.
turities
dated July 1, 1945.
National
Bank,. Salem, and Farmers Na% tional Bank, Salem, jointly, for
Is, at a price of 100.12.
Other
maturing
may
enactment,
are
*
1 bidder
be sold to the
li/2% Bonds
Co.,
Pittsburgh
Phillips, Schmertz & Co.__
Moore, Leonard & Lynch_
Halsey, Stuart & Co
Blair & Co., Inc.
thereon
Borough
and agrees to pay.
Sold—It is stated by E.
Devitt,
Borough
Secretary,
that
$75,000
1%%
semi-annual
building
First National Bank & Trust
Col,
arid C. Edgar
.
,
on
1,
1955,
assessed
or
which taxes the
PENNSYLVANIA
Bonds Sold—It is stated by J. S.
Kuntz, Clerk of the Board of Ed¬
Sale—The $100,000 water
works construction arid extension
.
deemed
July
All bonds
1,
ming
Bond
bonds offered for sale on Sept. 7
—v.
162, p. 927—were awarded
i to Paine, Webber, Jackson & Curtis, of Cleveland, as Is, at a price
of 100.654, a basis of about 0.89%.
Dated Sept. 1, 1945.
Denominavtion $1,000.
These bonds are due
;
$5,000 on March and Sept. 1, in
1947 to 1956.
The next highest
July
levied
For
Union Trust
under any present or future law
of
the
Commonwealth,
all
of
provement, water softening plant
construction. and
improvement
bonds
have
been purchased
by
Moore, Leonard & Lynch of Pitts¬
burgh, at a price of 100.62. Dated
June 1, 1945.
>
of
*
1969.
to
permanent
Salem, Ohio
;
1967
after
issue of
Oklahoma
issue
An
—
after
Bonds
^
Lawton Sch. Dist. (P. O.
Lawton),
Election
Bond
district
.
1333|
payable without deduction for any
tax or taxes,
except succession or
or inheritance
taxes, now or here¬
W.
Enid, Okla.
Rocky River, Ohio
.
bids
13, for the
$182,000
Aliquippa,
*
$300,000.
of
the Township.
OKLAHOMA
County (P. O.
v
V 1
Mansfield), Ohio
Plans Bond Issue—The County
Commissioners have passed a resVolution
calling for an issue of
sealed
Sept.
on
$6,000 in 1951, $9,000 in 1952, $8,000 in 1953, $6,000 in
1954, $9,000
in 1955 to 1966, and
$10,000 in
the purchaser.
En¬
certified check for $1,000,
in November.
Richland
p.m.
be furnished
'
may
received
8
bonds.
Dated Oct. 1, 1945.
De¬
nomination $1,000. Due July
1, as
follows: $3,000 in 1946 to
1950,
Dec.
of the Board: of Education.
a certified check for $500,
pense
*
town
1, 1945.
purchase
1946 to
] Enclose
,
2%
Sept.
Due
been
the
furnished
be
$91,875
Dated
nomination $1,000, one for $875.00.
supervision of
'Squire, Sanders & Dempsey, of
Cleveland, whose approving opin¬
ion
of
made
in
of
at the
First
Breckenridge,
National
or
Bank
the Cap¬
at
ital National Bank in Austin:
Bryan, Texas
Bonds
3
Offered—Ivan
r|
^
Langford,
Mayor, received sealed bids until
8
p.m..
chase
Sept. ,14 for
on
the
of
amounting
to
the pur¬
following ■ bonds
$175,000,, not ex¬
ceeding 2%
interest:
$150 n00 ntilitv equinment bonds.
Due $5,000 in 1948 and 1949,
and $10,000 in. 1950 to 1963.
Optional on any interest pay¬
ment
date
after 7
years.
Optional on any
;
000
son
and interest payable
of the City Secretary
or through any bank in the City.
The
approval of the AttorneyPrincipal
will
Legality Approved—An issue of
$104,000 2Va% and 2%% court
house and jail refunding
bonds
has been approved as to legality
by W. P. Dumas,
bonds are dated
of Dallas.
These
July 10, 1945.
—
—
The First
Monahans pur¬
issue of $115,000
1V2% semi-annual construc¬
tion bonds.
Dated July 1, 1945.
Issued for the purpose
of con¬
repairing or equipping
free
school
buildings
the District.
Legality ap¬
within
N.
A.
of
system
sewer
Crowe, of Dallas.
of
$40,000
Sept. 11,
The City is now applying to the
a loan in the amount of
RFC for
Offering
amounting to $7,260,000 will
be submitted to the voters at the
election to be held on Sept. 25:
A.
$2,000,000 Street and Bridges.
will re¬
1,750,000
Inter-Regional High¬
10 A.M.
Charles
—
County Auditor,
sealed bids until
ceive
(CWT), on Sept. 20, for the pur¬
chase of $400,000 road, series of
bonds
bonds.
These
dated Oct. 10, 1945.
1945,
following
Election—The
Bond
bonds
O. Dallas),
'
Bond
Tex.
San Antonio,
$70,000.
Tosch,
was
the
at
voters
Dallas County (P.
Texas
sewer
bonds
tem
and $15,000 general obliga¬
tion bonds.
issue
and water sys¬
submitted to the
election held on
Held—An
Election
Bond
amounting to $70,000, and offered
sale on May 29: $55,000 rev¬
are
way.
1,500,000 Airport Administration.
25,000 Street Markers.
300,000 Garbage Disposal.
Odessa), Tex.
issue
Election—An
Bond
of
hospital ^building bonds
$460,000
voters at
the election to be held on Sept. 29.
will be submitted to the
and
3%%
works and
been
water
system revenue
sewer
has
bonds
5V2%
approved
as
to
legality by W. P. Dumas, of Dal¬
las.
These
bonds
dated June
are
1, 1945.
Henderson, Texas
Legality
Approved
—
issue
An
of" $103,000 2%, 2%% and 23/4%
sanitary sewer system
revenue
has
bonds
been
legality
by
Dallas.
approved
These
W.
,
P.
as
Dumas,
bonds
of
dated
are
ing authorities, on Sept. 25, and
on Oct. 9, for an aggregate amount
of
$7,446,000 - temporary
loan
notes.
These offerings will be as
Aug. 17, 1945.
>
/v
Lubbock
.7,:.'/-
v
V* j^Vv' '••'A-"-
Bond Sale—The
*;
$1,500,000 con¬
struction bonds offered for sale
11,—v.
awarded to
a
15, $65,000 in 1960 to
000
in
1963
in 1968 to
15,
to
Denomination
$1,000.
The
only other bidder was
syndicate composed of: //:••/
Harriman
a
Ripley & Co., Inc.,
Mercantile-Commerce Bank
& Trust
Co., St. Louis.,
B. J. Van Ingen &
Co.,
First National Bank,
St. Paul,
McClung & Knickerbocker,
Cruttenden & Co.,
Barcus, Kindred & Co.,
E. J. Roe &
Co.,
has
bonds
Dallas,
of
purchased
re¬
cently by H. L. Shaffer & Co., of
Amarillo.
Dated
Aug. 1, 1945.
These bonds
follows:
are
$3,000
due
in
on
1947
Feb. 1, as
1952,
to
and
$4,000 in 1953 to 1958. Bonds
maturing in 1956 to 1958 are op¬
tional after
ing
to
Aug. 1, 1950, accord¬
M. Markham, County
J.
Treasurer.
Upshur County, New Diana
^Common Sch* Dist, No,
19
Bond Offering—Frank T.
Superintendent
of
Smith,
Schools,
will
receive sealed bids until 2 p.m. on
Sept. 22, for the purchase of $17,refunding bonds, to bear not
000
thereon
irrev¬
to pay, on or be¬
maturity date of the
agrees
the
fore
maturity .and
to
ocably
interest
the
to
of such
amount
the
Notes,
bank
or
Stayart & Davis,
considered
with
a
5-year
option. Principal and interest
at
pay¬
place preferred by the
a
trust com¬
at which the Notes are pay-
pany
aye for account of the issuer for
use in
the payment of the prin¬
cipal of and interest on the Notes.
Tax
Exemption Features: Under
provisions oi Section 5 (e) of
the United States Housing Act as
the
amended, the interest on these
is exempt from all Federal
Notes
income
the Notes are also tax-
instances
State under
the
in
issuer
the
which
of
laws
For
$845,000, 2V2s, and $655,000, 2s at 100.006, a net in-
terest cost of 2.177%.)
all
practically
In
taxes.
The successful bidder
Notes
purchase
as
is
be
to
a
part of the refunding
at the time the exchange
be
effected.
All
bids
must
submitted,on the uniform bid
blank
furnished
on
application.
An issue of
—
deposit certificates amounting tp
$128,980,000 was sold on Sept. 11,
to the Chartered banks, at a dis¬
0.75%.
of
count
Dated
Sept.
certificates
These
1945.
11,
due
are
March 12, 1946.
on
ALBERTA
are
at
lowest
the
interest
the lowest in¬
terest cost, the issuer takes into
consideration any premium which
to pay. Pro¬
posals for the purchase of Notes
are required to be submitted in a
bidding form approved by the is¬
suer.
Copies of
bidding forms
may be obtained from the issuer
or from the General Counsel, Fed¬
eral
Public
Housing Authority,
Washington 25, D. C., or from Re¬
gional Counsel, Federal Public
Housing Authority, in the cities of
Boston, Massacnusetts; New York
City, New York; Chicago, Illinois;
Fort
Georgia;
Atlanta,
Worth,
Texas; San Francisco, California;
Washington, and Cleve¬
and "accrued interest will be
considered
and
no
proposals will
be received for less than the' full
Raised
—Scott, Horner & Mason, Inc., of
Lynchburg, Va., have prepared a
circular advising that Moody's In¬
vestors Service
recently revised
the rating of the Water Commis¬
sion obligations of Newport News
from "A" to "AA " It'is explained
Water Obligations Rating
Municipal
Housing Authority
of
Ponce and the Puerto Rico Hous¬
ing
Authority
of
will
proposal
to
the
include
be
used
in
For
these two issues of notes the Bond
Counsel
the
will
the
will
be
fees
of
such
be
paid
by
designated
Bond
the
and
Counsel
issuer,
but
Paying Agent will be desig¬
adian Province under date of July
16 last, it was
announced on Sept.
Premier E. C. Manning. The
11 by
the Water
statutory
rates
tain
Department, which, by
mandate, must main¬
sufficient to
service
debt
cover
addition
in
all
to
Water Department
all
must
funds
segregated from general
be
city funds until all water
financial
Co.,
The
figure of $70,000,-
represents
of
As
181.
Dec.
his
$3,228,623
of all
or
the
that
refunding offer
can
Manning
Premier
report,
stated
the
In making
be declared operative.
response
to
the
,
most grati¬
was
fying.
-S
BRITISH COLUMBIA
Vancouver, B. C.
Details — It is now
the following
de¬
bentures amounting to $5,000,000,'
awarded on July 10 to a syndicate
headed by Mills, Spence & Co., of
Toronto, r- v. 162, p. 512 — were
sold at a price'/of 101.25, an aver¬
age basis of about 3.35% :
Sale
Bond
"that
stated
$271,000 2% improvement bonds.
Due on Aug. 1, $133,000 in
1946, and $138,000 in 1947.
Due Aug.
1, $142,000
in 1949.
and $145,000
1948
in
improvement
2 Vz %
287,000
bonds.
improvement bonds.
1950,
$153,000 in 1951. .
299,000 3%
Due
and
1943, Water
31,
of
required under
the offer before the program
During the fiscal year
Department .surplus amounted to
80%
over
amount of assents
.
1944, net
surplus earned after debt service
and operating expenses, including
depreciation, amounted to $434,-
were
Taber &
advisors to the
disclosed by Norman S.
debt has
paid in full.
been
Premier
the
from
advices
addition
obligations of the City of Newport
News, the bonds are secured by a
first lien on the entire earnings of
Bonds
promulgated by the Can¬
program
recognition of the fact that in
to their being general
in
$70,000,000
Debt Pact—Holders of
more than $70,000,000 outstanding
Alberta securities have signified
their assent to the debt refunding
that this was done
in the circular
Aug. 1, $146,000 in
bonds.
approximately 150%
improvement
3 Vz %
4,143,000
Due Aug. 1,
from 1952
to 1970 inclusive.
outstanding water debt.
1945. Denomina¬
and $500.
Interest
Dated Aug. 1,
tions
WASHINGTON
$1,000
payable F-A.
Kelso Sch. Dist. (P.
•
O. Kelso),
Washington
Election
Bond
—
NEW
$120,600 grade school building
expansion
program
bonds
will be submitted to the voters
and
at
election
an
scheduled
for
Sept. 22, it is reported.
Election—-It
is
the
fi¬
interceptor
sanitary sewers, will be submitted
to the voters at an election in No¬
system
of
vember.
of a new issue of
$4,500,000 bonds of the province,
price to investors being 99.75
and accrued interest.
The issue,
15, 1945 and
due
1951, had previously
been registered with the Securi¬
ties and Exchange Commission.
dated
March
Sept.
15,
of
Treasury
VIRGINIA
on
will
apply
pro¬
issue,
along
with
Province
The
ceeds
WEST
(Province of)
$4,500,000 Issue Offered In U.S.
—A syndicate headed by Smith,
Barney & Co., made public offer¬
the
stated by
Mayor Fred W. Sinclair that
issuance of $810,000 bonds, to
a
New Brunswick
ing on Sept. 12
Vancouver, Wash.
Bond
BRUNSWICK
The issuance
of
nance
lows: The Notices of Sale for the
Of
Holders
Approve
Province.
land, Ohio. ^ No bid for less than
par
Alberta (Province of )y
000
all
the general operating expenses of the
department. It has also required
In computing
submitting bids for the notes.
bonds
—
Newport Newsi Va.
that
The
Details:
Other
form
outstanding
of Canada
Certificates Sold
was
created.
will be required to provide funds
process
Co.,
ad¬
exceeding 5% interest. Dated Oct. amount of each separate series of
15, 1945. Denominations $500 and Notes offered.
$100.
Due Oct. 15, as follows:
Special
Notice-—We are in¬
$400 in 1946 to 1953, $500 in 1954
to 1960, $600 in 1961 to 1966, $700 formed b.y A. R. Miller, Assistant
in 1967 to 1971, and $800 in 1972
General Counsel, FPHA, as fol¬
to 1975.
Alternate proposals will
be
CANADA
interest
maturity..
Hall, City Auditor
an
Notes with
of the
cipal
Seattle,
(P, Q, Gilmer), Texas
and
.
in
issuer
for redemption of the
Texas Bank & Trust Co.,
R. A. Underwood &
issue
refunding
hospital
been
purchaser.
Pancoast,
James,
2V2%
Agent a
to
of funds
advance
an
amount which
will be sufficient to pay the prin¬
the
the purchaser agrees
Purchased—An
Bonds
able
Dewar, Robertson.&
for
tion
cost.
$42,000
provement funds.
Va.
Sale
Bond
$1,650,000
Water
Madison
the
in
Works and provide post-war im¬
-
,
October.
Tulia),
City's
the
repay
equity
V
awarded to the bidder offering to
1962, $70,-
1967, and $80,000
1970, as 2s. /Dated Oct.
1945.
improvement
Swisher County (P. O.
T ex as
by the Common Council recently,
to
VIRGINIA
Plans
court test
approvalof
was
authorized
a
•
$2,186,000 will
be* submitted to the voters at an
election to be held sometime in
on
162, p. 1040—were
syndicate composed
of Braun, Bosworth & Co., Inc.,
Stranahan, Harris & Co., Inc., of
Toledo, Crummer & Co., of Dallas,
G. H. Walker & Co., of St. Louis,
City National Bank & Trust Co.,
and Stern Bros. & Co., both of
Kansas City, at a price of 100.18,
a
net interest cost of 2.05%, as
follows:
For
$715,000
maturing
April 15, $30,000 in 1946, $35,000
im 1947, $40,000 in 1948, $45,000
in 1949, $50,000 in 1950 and 1951,
$55,000 in 1952 to 1955, $60,000
in 1956 to 1958, $65,000 in 1959, as
2j/4S, and $785,000 maturing April
Sept.
Election Planned—An is¬
attorneys,
bond
Dominion
L.
$2,000,000,
to
receiving
before
sufficient to pay the
the notes to their
on
amounting
which must undergo
___
vance
bonds amounting to
Jrtdep, Sch. Diet., Texas
Oct. 29,
exempt
building
Bond Issue Authorized—A bond
issue
Randolph
and Clerk,
as indicated)
has
announced
that
the
City
Local Authority
Council at its meeting on Sept. 10
Amount Maturity
Mayaguez, Puerto Rico $ 859,000 11/2/46
introduced an ordinance providing
Ponce.
Puerto Rico
1.430.000 11/2/46
for the issuance of $250,000 water
Puerto Rico
4.011,000 11/2/46
improvement of 1945 bonds.
$6,300,000
The ordinance will be finally
Bid Opening Oct. 9 (Notes dated
adopted on Oct. 10, with the sale
Nov. 20, 1945 and maturing as in¬ scheduled to be held at noon on
dicated )
Oct.
15.
The bonds are to be
Local Authority
Amount-Maturity dated Oct. 15, 1945, and to mature
Hawaii
$1,146,000 2/25/f/
$10,000 annually for the next 25
Security for Notes: The Notes
years. Bidders will be permitted
are valid and binding obligations
to name more than one rate of
of the issuer and are secured by a interest and the
bonds will be
requisition
agreement
between registerable as to principal. Legal
the issuer and the FPHA. In this
approving opinion of the issue
agreement
the
FPHA certifies will be given by Reed, Hoyt &
that it has approved a requisi¬ Washburn, of New York City.
T ex as
of
the Paying
with
posit
sum
Danville,
Opening Sept. 25 (Notes
1945 and maturing
Bid
San Antonio Indep* Sch, Dist.,:
Bond
deposited with the Paying
Agent of such notes. On the date
of delivery and payment for such
notes the local authority will de¬
herewith/
described
100,000 Park for Colored.
10,000 Los Angeles Heights Park.
65,000 Riverside Park.
85,000 Traffic Signals.
30,000 Police Radio.
300,000 Fire Alarm.
75,000 Fire Alarm Building
150,000 Fire Station.
25,000 Police Repair Shop.
sue ,
Invite
Units
being invited by four local hous¬
40,000 Restroom.
to
Housing Authority
Bids On
$7,446,000 Notes—Sealed bids are
Caretaker and House.
Legality Approved—An issue of
$35,000
Public
Housing
Library Addition.
85,000 Witte Museum Addition.
80,000 World War II Memorial.
75,000 Aquarium.
200,000 River Improvements.
115,000 West Side Park.
100,000 South Side Park — Park
Frankston, Texas
WISCONSIN
and to cause the pro¬
ceeds of such Interim Receipt to
be
premium of 2V2%.
a
Madison, Wis.
notes
the
Federal
150,000
Ector'County (P. O.
plus
Enclose a certified turity of the notes in an amount
$340, payable to the sufficient to pay the principal of
for
dated
Petersburg, Texas
bonds
for
enue,
McCall, Parkhurst &
by
proved
of Util¬
Superintendent
ities, has announced that no bids
were
received for the following
issues
check
chased recently an
public
Received
Bids
purchase an Interim
Receipt for PR-2 Bonds of the
local authority prior to the ma¬
accrued
Nov. 1, 1945.
of
Bank
pay
will agree to
UNITED STATES
Purchased
Bonds
State
1941, Nos. 23 to 32 incl. at par plus
interest to Oct. 1, 1945,
nated by the
also
District.
structing,
Crane, Texas
be effected by
delivery "can
Mohahans-Wickett Indep. Sch.
Dist. (P. O. Monahans), Tex.
Childress),
Texas
Wright,
that
.
Childress County (P. O.
No
out cost to him.
1.74%.
purchaser.
District
designated by the purchaser with¬
It is anticipated
Co., both of San Antonio, as l*/4s,
lV2s, l%s and 2s—v. 162, p. 824—
were purchased at a price of 100.89, a net interest cost of about
the
furnished
be
jointly to the Ranson-DavidCo., and Rauscher, Pierce &
sold
at the office
General
stated by
now
Secretary that the $400,water works and sewer bonds
need be submitted.
will
furnish
the
one copy
The
the City
ment date after 5 years.
;
is
Price Paid—It
to 1960.
interest pay-
1951
in
$2,000
and
purchaser, who will
the fees of such Paying
printed bonds, a copy of the pro¬ Agent. Under the terms of the
ceedings, the approving opinion of Requisition Agreement securing
Gibson & Gibson, of Austin, and these two issues of notes the Fed¬
Public Housing
Authority
will deliver the bonds to the bank eral
Only
Texas
Midland,
25,000 school maintenance bonds.
Due $1,000 in 1946 to 1950,
Monday, September 17, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
'
ms
the
funds, to the redemption
of $4,500,000 4%
Nov. 15 next
15, 1937 i
1947. In |
Co.,;
the underwriting group included j
Harriman Ripley & Co., Inc., First j
Bank of Charleston, the following Boston
Corp., Dominion Securities
revenue bonds:
Corp., Wood, Gundy & Co., Inc.,
All
outstanding 3 Vz %
second A. E. Ames & Co., Inc., McLeod,
series, waterworks bonds, dated Young, Weir & Co., Inc., and HayJan. 1, 1941, at a price of par and
den, Stone & Co. This was one ofj
accrued interest on Oct. 1, 1945, the relatively few Canadian mu-;
plus a premium of 2V2%.
nicipal government issues pub-;
The $10,000
3V2% second se¬ licly offered in the United States
during recent years.j
ries, sewer bonds, dated Jan. 1,
Vienna, W.
Va.
City
Recorder, calls for payment on
Oct.
1, at the Kanawha Valley
Bond
Call—W.
J.
Evans,
debentures,
and
dated
maturing
Nov.
Nov.
15,
addition to Smith, Barney &
.
@FedFRASER