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OS. ADM.
LIBRARY
MONDAY
Reg. tJ. 8. Pat; Office
Volume 168
Number 4735
New
York, N. Y., Monday, September 20, 1948
Price 75 Cents
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Aetna-Standard Engineering Co.
Stock—Secures Bank Loan—
■*
The
Retiring Preferred
claims
posed
plan
Trustees'
'Ernest
E,
Swartswelter, President, on Sept.* 14 announced that the
has1 purchased 7,025.7 shares of the 7,813.6 shares of 5%
company
of
INDUSTRIAL
-
the
against
are:
estate
•
•
-
certificates,
,
bearing
interest )Y——f
of
stock,
$100
value,
par
Holders of the remaining
outstanding
holdings. This stock is callable
share and dividends.
•
per
The
purchase
of
Sept.
777.9 shares have been offered the
their
for
of
as
the
preferred
15
on
days'
paid
Lawrence
Yyyv-,-
RFC
same
posed
Tax
for
partly with
company's cash and a short term bank loan for $500,000, carrying
an
interest rate of 2Va%^ "We feel that this loan can be disposed
of
in
the
With-
only
the
held
in
said
completion
stock
common
standing
future,"
near
366,832
the
of
transaction,
outstanding.
shares,
At
common
treasury.—V.
167,
June
$1,
par
the
30,
not
1948 there were outincluding 4,920 shares^
,
41.
p.
Net
shares
Earnings
per
•Net
YY
tl948 "
;»
1947
$1,540,092
$1,498,566
„
share—$0.02
common
"
YYA Y
Nil
a!
the
J
of
secured
Judge Arthur J. Mellott of
Sept.
8,
corporation.:;'.
-
equitable
he
it
and
Approved
reorganization!for
of
The
the.
;/
;
•
•
the amended planj as ;
the requirements of the v
satisfies
and
agreement on
effect.
2.Y-.
<,Y2
7.
Y
■
:
that
final
the
as
of
-77
plan will take place(the RFC and a t
the
for
Kan.,
City,
thereafter
the
plant
facilities
manufacture
of
acquired
were
-
the
debtor.
to
this
The
class
fall
2%
for
and
per
second
plan
the
that amount.
amount
interest
of
7
Y
that the
new
company
has
Hahn
the
also
the
supplied
be
by
been
a
of
of
new
the
additional
and
trustee,
contribute some
may
money.
plan
of
debtor
owner
;
that
provides
the
five
-
,
the
members
suppliers of the new money will select
the initial boatd of directors of the new
of
will
control
the
policies of
the
reorganized
company.
Disapproves Reorganization Plan—
The SEC
on Aug. 27 issued an advisory report on the amended
plan
reorganization for the corporation proposed by Harry Miller, Jr.,
The plan is dated July 8, 1943, and was the subject of a
hearing in the U. S. District Court for the District cf Kansas, First
participation only by
principal amount
short
of
the
total
Division, on June 22, 1948, July 8, 1948, and July 10,* 1948.
On
July 13, 1948, Judge Arthur J. Mellott entered an order referring the
of
amended plan of reorganization to
It
the
is
its
issue
of
the
the SEC for examination and report.
SEC
that
insufficient
information
has
developed regarding the earnings potentialities of the debtor to
support a valuation of the debtor's estate and that there is no basis
at this time for approval of the
proposed -plan of reorganization which
eliminates all hut
secured
creditors.
While it is recognized that gener¬
ally it is desirable that
a plan of reorganisation should not " be delayed,
is, the SEC''opinion that, in the circumstances of thik casep opera¬
tic ns under the trusteeship should be continued for a reasonable
period
until' the debtor's earning potentialities' have been
sufficiently demon¬
strated* through performance or otherwise, to serve as a basis for a
it
.
;
10-year note-
$225,000 to persons furnishing new working capital '
note, secured by a third chattel mortgage, Is to
one year at
the rate of 4%.
YY ;Y'V 7!.yY *
Authorized capital stock of the ne«r
corporation will consist of 3,750
shares of common stock (par $10). Of the new
stock, 2,500 shares are
conclusion
been
plait of reorganization
of the
treatment
i
i-*'
>
'
.'
-.
sales
Selling
adequate
of equitable
assurance
p.*^245.'"-;'-
y
'
Y*
*
1948
Y---!—
y
expenses
Administrative
expenses
Operating profIf *_-_-__1.„_—
Miscellaneous income (net)——.
1947
77,204,661.62,994,736
'4,558,266
4,275,051
948,359
902,735'
'
—
•
$88,125,500 $73,553,671
~
sales___;
of
'
Mills, Inc. (& Subs.)—Annual Report—
Years Ended June 30—
Cost
.
which pan give
interests of the various parties.*—'V. 168,
''
'
Allied
Net
y'
occurs.
will
is
and
to
the
of
Y,
1
trustee.
'
$665,000, bearing interest at the
payable on the income deben¬
after issuance or until retirement of the; '
first
1947
since
'
of
'
This
after
the
SEC
of
whichever
debtor
!
*
.
the
interest is
mortgages,
provides
in
bear
amount
No
the first five years
in
,
the
annum.
management
'
-
capital and
new
the
\
of
capital
aggregate
will
•
.
50c).
REORGANIZATION
the trustee provides for
$5,414,214
12,859
$5,381,149
127,697
$5,427,073
$5,5U8i846
2,116,402
2,138,620
$3,310,671
$3,370,226
200,000
360,000
$3,110,671
417,886
2,001,472
$3,010,226
;
Net profit (before Federal income taxes )_.a.
Provision for Federal income taxes- (estimated)
Subse-;1
In This Issue
separate divisions:
Electronics Division.
The
two
as
OF
the
to
par
company,
that RFC
and
the participating
banks will select two
directors and that the President of the new
company
will be the
fifth director.
It appears that the persons furnishing the additional
Y
-
Kansas;
equipment.
electronic
fluently, the operations were conducted
the Hydraulic Controls
Division and the
present name was adopted in 1944.
in
(par
PLAN
at
■
A.
two
holders of the preferred and common stocks.
Y
that the reorganized company will issue its five-
debentures in
tures
•;<
Manufacturing Corp. was incorporated in California on
1937, under the name of Aircraft Accessories Corp.
It com- menced business as a sales agent for manufacturers of aircraft parts
and accessories.
In April, 1939, Aireon acquired the Thos. L. Siebentlialer
Mfg. Co. of Kansas 'City, Mo., which company manufactured
radio transmitting and de-icing equipment.
In 1941, Aireon acquired
plant facilities in, California ior the production of hydraulic equip-'
Shortly
claims of
plan provides
of
The
V
-
stock
■
money
contemplated by the plan is
Hahh and others associated with him.
The
note, bearing interest at the rate of 4%, in exchange for the
outstanding trustees? .certificates.
This note is to be secured by a
Chattel mortgage on all; the assets of the reorganized
company excep't
cash;' accounts receivable and inventory In process of manufacture.
The claim-of: the Lawrence Warehouse Co. is to be
paid in cash
fullY RFC and the participating banks will
receive a 10-year note of
the reorganized company in
the amount of $510,000, secured by a
second-chattel mortgage and
bearing interest after one year at the
rate of ,4%. ; RFC and the
participating banks will also receive 30-year
first
Airecn
ment.
or
creditors
secured
of
issued
Income
plan
.-V
;.y
confirmation
principal
be
rate
of U. 6. Treasury is required to put the
part
18,
Aug.
■
two-thirds approval of the creditors
banks) have not opposed the trustees' plan.
group of
The
necessary
.
believed
December,
A
by
creditors
to
common
AMENDED
'
-
of
year,
trustees will be asked to submit the plan to the secured creditors'
was
'
.
sale
for
President
claims, exclusive of interest, by approximately $200,000." No
provision is made for tax claims of the United States, other claims of
the United States, tax claims of various
States, claims of unsecured
approved
Y:Y ;•-*
into
It
plan
,yY
that
feasible
and
for their acceptance.
next
<-
—
their
S. District Court at Kansas City,
trustees'
,7
,
Bankruptcy Act."
The
the U.
the
announced
Mellott
Judge
"fair,
approved
debtor's
proposed
securities
creditors
Aireon Manufacturing Corp.—Trustees' Plan
the
TRUSTEES'
The plan
crediting $95,579 tax carry-back credit.
tDoes not
portion of profit realized on sale of Los Angeles factory build¬
ing which was consummated subsequent to June 30, 1948.—V. 168,
p. 641.
Y y;
;v'vl
■
include
Kan.,
r
v-
—2.2;
contest by the trustee.
furnishing
persons
-Y
.
U79.470
'
__
new
the
to
reserved
,...
,
1144,642
pro¬
Claims have also been fiied with regard to 27,445 of the 64,060
outstanding shares of the debtor's 60c cumulative convertible preferred
stock (par $10), and with regard to 395,936 of the
866,238 outstanding
shares of
134,905«.
;
.
loss-after
•
less
,.2-w'■
creditors—.^..
be
t797,019
interest)
of $77,382—.—
_2.__——_2_
*1,365,748
the United States———.
Y
t640,986
unsecured
par
to
Railway
Radiotelephone Co.-of Baltimore, Md., which is the sales agent for
Aireon
Radiotelephone
Manufacturing
Co.,
debtor's
wholly
owned
subsidiary.
The Hahn interests have financed the experimental work
of
the
debtor in
radio
communications.
It
appears
that Pearson,
*98,663
s
Common
of
at
is
director
39,091
largely
taxes...—_Y--.Y'2rL-22---.-,J
3,110
outstanding—_y^—Y——._—;;Y 134,905
; —;
profit after
2
(exclusive
sold
company.-
William
Y
;
be
The
$133,479
credits
claims of
subject to
Sales
..i
who proposes to furnish $250,000 new
capital to the reorganized
company), 5%; eight banks hold the remaining 20% of the obligation.
tThese claims have not been adjudicated or allowed and are
Inc.—Earnings— ;,';y'2^;--2_;Yy /••oYY:/
Three Months Ended June 30—
(exclusive
MISCELLANEOUS
-
balance
new
Hahn
Y
:,
}
Air Associates,
participants
to
the pro¬
,*This claim is held as folows: RFC, 75%; Railway Radiotelephone
& Signals, Inc.,
Baltimore, Md. (this company is owned by William A.
have;
will
company
by
Co...
Other claims of the United States—
Claims of States for taxes..;
General
4%
at
Swartswelter. Y
Mr.
this
was
and
shown
-Yl^
■
Warehouse
as
.
interest
Secured claims:
1948.
price
notice at $110
"Y,-.
■■
stock
1,
debtor
'
•
,
preferred
the
INSURANCE
-
Net
.1
profit
Prov.
for
possible market decline in inventories
'
During the war Aireon was engaged almost exclusively in production
and sales of electronics and hydraulic equipment to the armed forces.
For
the four years ended April 30,
1945, sales were approximately
$95,000,000, earnings before Federal income taxes totaled approximately;.
$9,753,000 and net profit after such taxes was approximately $2,776,000.f
Although Electronics sales during the four years were well over one-
half
the
of
profitable.
With
1945,
Yr
Aireen
was
and
Inventories
no
left
of
its
with
'
business
expanded
peacetime
"considerably
was
more
-Yy' Y-Y^
YY '.—
contracts
with
the
plants
in
and
equipment, huge
The plant and manufacturing
products.
the Hydraulic Controls Division were sold in December,'.
plant of the Electronics Division was subsequently sold and 2
The
the debtor moved Its operations into leased buildings located in Kansas
City, Kan.
Hie debtor, however, retained its electronics manufacturing;
equipment, a
well-equipped, electronics laboratory
staff.
Tn
and
y;yy v7
engineering
its
's-
effort to develop peacetime production the debtor
acquired the *
operating businesses: Mid-Co Tool & Supply Co. (specialty!
oil
well .equipment)f
Cinaudagraph Speakers, Incr (loud
speakers),
Oxford Tartak Radio Corp. (loud speakers, public address systems,
etc.);'
an
following
Lewis Electronics
and
-
A
.
(vacuum
tubes
for
radio
transmitters
and
indus-
The debtor also organized a wholly owned sub¬
S. A., a Mexican corporation, for the purpose of"
handling certain prospective business with the Mexican Railroad Sys¬
trial
applications).
Aireon
sidiary,
Cinaudagraph
tem:
the
of
division
acquired
or
Speakers,
debtor.
organized
All
have
Inc.,
posed of, .with substantial losses.
subsequently
the
of
either
other
been
7.Y ;•
>
became
or
development
of
several
speaker
which
their
dis¬
products,
attempted
money
including
a
to
operations of the
for
the
period from May
1,
1947,
to
In
Nov.
22,
March, 1947, the debtor refinanced its
through the Reconstruction Finance Corp. and
banks.
In
formerly,
as
accordance
an
and
on
Nov.
debtor,
the
22,
Chapter
appointed
X
debtor.
1947,
of
independent
was
the
RFC
loan
certain
agreement,
loans
participating
bank
Harold Pearson,
officer of Montgomery Ward & Co., replaced R. C. Walker
President, of
tinder
with
1947, was $437,482.
existing
appointed
The, debtor
filed
the
on
its
RFC
loan
a
voluntary petition for reorganization
Bankruptcy Act.
Harry Miller, Jr., was
apd- Harold Pearson, President of the
additional trustee.
'
v
t-
trustee
as
defaulted
New
York
Exchange (Stocks)
share, of
per
York Curb
Stock
Stock
31
stock.^
common
-
401,434
2,401,767
$3.89
•
'
*
$3.76
S.
banks
and
Wholly-Owned
Government
•Notes and
Subsidiaries!
~
■.;/
•
hand.—-....-.
securities..;...—
37 V
37 :
and
accounts reCeivable.2
equipment:'.
$3,297,852
9,061,744
7,539,057
2,673,747
1,867,290
8,231,660
the lower of cost or mkt.)
Prepaid insurance,*'etc.2
Other assets Y2_.—_2.A._.........
tPlant
1947
1948
^
$3,526,537
.on
8,428,808
289.760
181,105
504,639
4,859,657
Inventories ( valued at
36
...
.....
,
501,002
-2——lv.■—
.1.40
..
;
y
....
Markets
7,632,685
2—
y"-
;
Accrued
salaries
Accrued
State
-
$30,394,448 $28,201,036
c...
..
payable
and
and
commissions
local
\
taxes_T
166,407
Y.....—.
Reserves
for
tories,
'
Initial
market
contingencies,
^Common
Earned
possible
stock
of
no
48,509
Insurance,, etc.Y—
value,
:..22_.2_
934,914
>
...Y.
Total
tAfter,
for
reserve
bad
debts
for
of
$460,545
depreciation
-
of
in
4,864,581
20,718,601
662,250
662,250
.
.
•After'reserve
1947.
697*281
21,827,800
-—.-2
surplus
490,384
4,864,581 ;
par
surplus
48,862
1,293,373
(estimated)
decline in inven¬
,
44
:
y-
$440,665
138,777
139,696
126,764
social security taxes
JProvision for Federal income taxes
—40-
..-26
•
$469,851
—
Accrued
...41
43
Y.Y—
LIABILITIES—
Accounts
38.
Stock Exchange..
Toronto Stock Exchange—Curb Section.
Total
...37 ;
...38
St. Louis Stock Exchange
.38
-_y
San Francisco Stock Exchange....y-y.. .i_39
Over-the-Counter
in
37*
Los Angeles Stock Exchange...
Philadelphia Stock Exchange...
Pittsburgh Stock Exchange..
Montreal Stock Exchange
Montreal Curb Exchange.
(Including
ASSETS—".; Y
" "
;v
Cash
U.
_._36
........
CONSOLIDATED BALANCE SHEET JUNE 30
;
.
y
...36
Exchange..—.
Cleveland Stock Exchange
Detroit Stock Exchange
2
...27
Exchange-(Bonds)
Exchange. 1
Baltimore Stock Exchange
Boston Stock Exchange
Chicago Stock Exchanged—
Cincinnati
;
15
V.
the debtor organized Aireon Radiotelephone
Co., a wholly owned subsidiary; and transferred to it
radiotelephone inventory and equipment, including licenses and engi¬
neering data.
Operations of this subsidiary are conducted in a leased
plant in Kansas City, Mo.
• ■
'
Y Y
loss
depreciation..:
paid
$30,394,448 $28,201;096
1948
and
$3,722,072
$435,782 in
in
1948
and
$3,598,639 in 1947.
tAfter deducting U. S. Treasury notes of $1,045,174
in :1948 and $1,880,000
in 1947.
§Represented by 800,589 shares.—
September;- 1946,
debtor's business during the two years ended
April 30, 1947, resulted in net losses totaling $9,435,807 before tax
carry-back. recoveries, and $5,037,406 after such recoveries. - The net
transf'd to earned surp.
Page
New York Stock
Stock and Bond Averages
Manufacturing
The
for
Dividends
Transactions New York Stock Exchange.. ...26
Transactions New York Curb Exchange
—26
in the
circuit
breaker, dishwasher, electric cooking-vending machine,
garage
door
opening device, garbage disposal unit, railroad communications equip¬
ment and a coin-operated phonograph (Juke box).
All except the last
two were abandoned.
Y ■'Y'-v''In
Provision
Earnings
Toronto
were
assets
Y,Y:7';YY,YYV:
During the postwar
period the debtor itself
also
develop peacetime products.
It expended large sums of
engineering
the
subsidiaries
dissolved
Stock and Bond Quotations
New
A V,-
-
services
armed
ef
facilities
1945.
hydraulics
the
total,
■
the-cancellation
Balance of net profit
-
168, p. 937.
H
'
Miscellaneous Features
General Corporation & Investment News-Cover
State and City Bond Offering....
y__
54
Redemption Calls and Sinking Fund Notices_.46
The Course of Bank Clearings—.—^
Dividends Declared and Payable
Foreign
Exchange
—45
...
Rates
46
Edward D. Jones & Co.
Y
46
Combined Condition Statement of Federal
Reserve Banks
St. Louis Listed and Unlisted Securities
-
.....-.46
>
-M-
1871
Members
--•••
.
46
Chicago Stock Exch.
New
York
Curb
-
r
*
New York Stock Exchange
St. Louis Stock Exchange
Condition Statement of Member Banks of
federal Reserve System
Established
S00 North 4th St., St. Louis Z, Missourt
'
.,
Chicago Bd. of Trade'""
Exchange Associate
Phone
CEntral 7600Ben Teletype
SL 593 ,
2
(1138)
THE
American Agricultural Chemical Co.
Year
Sales
Ended
(less
Freight
June
outward,
pensation,
—1
cash
etc,
J9*®
discount,
agents'
*'
com-
Sales
aud
royalties
of
sales
Selling,
Provision
for
loss
Depreciation
Depletion
doubtful
on
profit
income
Net
36,382
(net)—
*1,1*0
taxes'
11.352,601
5,731,732
$401,362
107,309
266,497
253,809
taxes, etc——.
$1,967,153
$1,429,776
$655,171
638,871
contingencies—
income
of
before
for
res.
355,989
149,988
291,894
221,968
$1,051,573
$781,893
$363,323
136,000
156,000
52,000
276,709
'
.
postwar;adjusts.',v'
Pfd.
income
stock
——
Net
2,400,000
dividend
requirements—.
$4,314,623
Number
outstanding———627,929
share———;—_4—$6.87
per
CONSOLIDATED
BALANCE
SHEET,
ASSETS
Cash
-
U,
securities
Government
S.
and
(net)———
—
..
,/ 2,126,051'
charges
—*——...
r326,926
trademarks, etc....—.
1
capital assets———10,624,494
Total
payable
*,
liabilities
Reserve
for estimated
Deferred
Common
stock
contingencies
(627,969
1,239,565
shares,
9,134,938
surplus
10,752,249
1-.-
Total
168,
9,263,486
*
.*!
•
,
American Airlines, Inc.—Resignation—
'
'
,
.
Buell A. Patterson left this corporation, where he
has
been
Public Relations
Director, to Join "U. S. News & World
Report" as Director, Public Relations Division,—V. 168, p. 837.
6 Months Ended June 30r~
after
income
Provision
Reserve
Net
for
for
charges.
Federal
40,524
shares outstanding
*Lo3s.
1948
$97,756
$106,750
$9.26
tAfter
Corp.—Earnings—
Cost
....
of
sales,
admin,
'Depreciation
4,844,388
71,732
61,118
294,000
$491,129
——
Net
profit
•_
•
applic.
net
years,
to
assets
1,567,789
(Operating
378,618
$2,763,186
Net
2,110,872
to
Stock
plan
$28,292,193 $25^347,712
of
U.
profit
$2,585,337
$4,547,826
1,433,339
1,485,072
$3,823,597
$2,940,838
205,130
199,516
403,250
63.582
128,985
491,000
325,000
$330,943
$791,104
/
2,918
251,151
270,631
55,326
—+—
'
487,964
77,622
$823,023
$547,661 «
no
American Cable & Radio Corp. (&
the
Mos,
3
End.
March
31—
759.882
991,899
1,275,267'
226,585
£ T '
427,570
1948
Operating revenues
Expenses of operation
Maintenance
and
i
and
43,200
repairs
(no
provision
income
84.292
1,340,917
Net
for
loss
from
loss
Refund
Net
$830,578
special
credit
loss
—
on
Interest
1947
2,783
$238,502
$377,543
loan—
Federal
to
$3,361 in
net
profit
on
surplus
1946.—V.
of
sales
of
;
$157,192
'
elected
i-:
>
•
30,216
4
$472,669
•
Quarter Ended June 30—
credited* !
and"':
1947
shares
per
1947
$398,948
Profit
outstanding
" -'1946
The
a
operations
profit
of
$71,853
depreciation,
p.
for
and
the
333,879
$0.14
after
allowance
for
provision
2246.
of
Y
$0.01
ended
Earns, after'deprec., Int. & oth.
chgs.
Net
and
foreign taxes
on
income..
Average
EarnW,
no.
of shs.
nor
issued &
outstdg.
«h*rp_
4
to
31, 1948, resulted; in
charges including interest,
income taxes.—V.
167,
Subs.)—Earnings—
1947
1946
$7,906,249
3,516,103
$4,965,198
$7,970,307
2,157,447
3,454,011
$4,390,146
3,858,585
$2,807,751
$4,516,296
3,858,585
*3,460,782
«114
$Q ?3
*$i3i
'Adjusted for stock split-up.—V,
167,
p. 2246.
,
'
:
Sealcone
■
Cost
253,890
j,
»
,
' f
Dr2,6G3
$7,201,901
1.6&2.406
413,374
and
32,797
1,919,769
204,166
inc. (est.)
on
396,658
Yl
•.
176,335
■
—2,252,497
^
—
"
1,871,553
;
84,211
12,685,640
S',183,760
52,011
1,477,989
$15,377,791 $20,896,033
share
common
—\,
Govt,
securities, at
30,
and
,
1948,
excess
notes
less
profits
metal
unearned
hand
on
'
cost
$5.18
$1,867,778
$8.74
tax
stocks
in
conservative values based
advances
treatment
supplies
U.
S.
(at
Govt,
pensation
based
of
on
ores,
toll
on
$0.05
of
from
sale
or
the
and
30,
notes
bonds,
reserve
for
$13,860,345;
(valuation
$766,589;
current
doubtful'accounts
U.
sales
before
for
at
for,
$14,107,861;
deposited
1948
etc.,
cost
in
received
on
of
U.
accounts
purchase/
or
and
prepaid
expenses, $1,358,129;
with Workmen's Com¬
amortized
premiums
(valuation
market
-quotations,
$145,710),
$140,165;
receivable (not current),
$377,959; estimated refund
Federal taxes due
to
carry-back provision of Internal Revenue
Code,
$2,465,071; mine examination and
development expenditures, princi¬
pally on uroperties under lease or notion,
$1,332,252; miscellaneous
deferred
,.i
a
.1
charges, $530,469; land, buildings,
machinery and equipment,
it; .1'
M. (
i.ri
t '•
t ^
-i-.y
notes
stock
per
will
for
to
50
payroll
will
year
be
redemption
$3,167,000
and
the
be
shares
*
deductions
crcd ted
compounded
used
to
on
semi¬
provide
Oct.
on
of
15,
20-year
interest.
funds
next,
3%
Payment
-y
for
debentures
will
trustee,
Inc.—Earnings—
140
be
made
Broadway,
•
June 29,'47
,$3,686,052/ $2,937,493
depreciation
2,959,873
—
2,372,469
68,125
65,745
326,820
267,151
-
expenses-1
,
$331,234
—
(net)——
8,125
-
debt-,
and
$232,123
:
1,970
.
$339^,359
$234,099
—
—
51,476
50.501
acceptances—3,423
Appropriation to. reserve for Inventories
Provision for Federal Income taxes..—
J.
4,038
29,914
105,500
81,000
1
"
Net profit
——1—*—
$149,046 '
shares outstanding.
234,035
Earnings per common share.*—$0.64^
—V. 168, p. 938.
Arkansas-Missouri Power Co.—Earnings—
% 1946—3 Mos.—1947
1948—12
Period End. June 30—
Oper.
revenues
exps.
and
i.
Gross
Int.
•'.:&
—V.
$333,171
$660,777-
$0.42
V
i
.
i
,
Mcs.—1947
$3,031,128
714.931
570,270
2,565,603
$2,729,544
2,231,678
$90,507
$465,526
$497,867
Or6,210
Dr4,042
72,893
Drl,752
$112,030
taxes
income
and other
Net
233,753
$118,240
—_*
$86,465
$538 419
$496,115
:.
Net Oper. income——
Other income (net)
$
$98,561
——
—
deducts..
36,370
31,588
120,507
102,694
—$75,160
income
$54,877
$417,912
$393,421
168, p. 42.
'
*
-
Armour & Co.—U. S. Files Suit
-
v :
Asking Dissolution of
Big-4 Packers—Anti-Trust Suit Would Split Them Into
14 Separate Companies—
.
The
suit
Justice
Department
charging
Sherman
Sept.
Four"
the
15
announced
filing
gram
filed
in
the
Federal Court in
Co., The Cudahy
Attorney General Clark accused
in
the
action
sale
seeks
of
meat
to
break
and
meat
Armour
ment
the
"suppressing
and
termed
ended
of
and
Swift
into
five
separate
companies each;n
part
its
a
June
30.
to
of
food,
the
clothing and
complaint the big
by:
.
.
setting
"conspiracies
housing."
four
.
.
.
packers
up
anti-trust j
maintain
have
.
,
new
to
1:
;.xv-"
;
'
■
r
or
suppressed
t':/;'• v v:
of
.
i
i
money went toward
accelerate
probes of
Controlling the supply of m??.t which each
company obtains
sale by
controlling the amount of livestock each will
purchase; "
Using uniform cost formulas for arriving at
selling prices;
Selling at "loading" rather than "delivered"
weights;
'
Selling at substantially identical prices and terms
,,
pro-;
products
year ago stepped up its
investigations of
to raise food ana other
prices.
These
being expanded this fiscal year, since the
Depart-)
over
$1,000,000 more from Congress than it had the-
to
prices
According
competition
of
food
"conspiracies"
the additional
offices
increase
about
&
com¬
products."
are
received
year
Wilson
restraints."
Department
it
names
Co.
of
and
monopolistic
Most
field
Chicago,
Packing
them
each, and Wilson and Cudahy into two
JuXtjjce Department announced the action as
to "free the production and sale of
ioo'd
The
„
anti-trust
an
"Big
meat
packers with violation of the
Act. and seeking to divide them into 14 "separate
coanpanies."
companies
from
of
Anti-Trust
competing
The suit, a civil action
Armour & Co., Swift &
.V;.,-:
**
addition
offering/ except
than
—
funded
The
S.
$286,168),
$3,295,758;" materials
connection
less
for
by
Interest
depreciation——
on
S.
based
smelters
settled
,
-vyyy.;;:
sinking fund,
1962, at 101V2
on,
The
(at cost of production or
existing contracts for their sale), $6,008,-
not
in
more
made
2%
;
.
June 26/48
investigations
on
of
the
L
what
to
rate
of
beencalled
the
15,
transit
less),
securities
June
the
be
month.
„
first
of
K
(not including metals treated on
toll basis)
charges, .$55,483,612; ores and concentrates
but
self-insurance,
on
deposits,
premiums
will
per
will
company will
less than
not more
than
share
but
be
(he
total
„<
r
may elect to purchase
their annual basic rate
may
under
a
income
petition
1948
$51,608,590),: $51,681,661;
concentrates,
basis,
cost
demand
amortized
refund
(after
and
SHEET, JUNE 30,
shares
buying
Payment
at
—
Co., Inc.
quotations,
treatment
at mines
and
less
market
receivable
$25,393,861;
hand
on
These
of
-
is
'.
T.
per
,
$500
*
;
781,819
-
this
Nov., 30
on
&
completed,
employees
full
_——
1,470,916
examina¬
etc.
652,645
1 109,062
$38,194,013
1,849,393
is
purchase
Operating profit
Miscellaneous eajrnfngs
been
$6,186,304
809,589
-
em¬
Under
,
service
more
Common
1946
.
156,261
foreign taxes
each
A; P. W. Products Co.,
Corp.,
.
:>
;
1946.
prospectus which it
December, 1948.* '
a
Jan. 1 to—
826
1947
1,608,906
exps
mine
business investig.,
taxes, State income
Earned per
Govt,
■
1948
_
has
$26,403,394 $36,936,321
254,520
450,705
income
accounts
profit
gen.
new
and
S,
187;
6 Months Ended June 30—
p.
t f
—$28,437,243
and
research,
June
:
for
American Home Products
Corp. (&
Fed.
for
ASSETS—Cash
March
all
$47,880
160
or
eligible
share
per
Interest
Inc.,
American
170,423
income
r
333,879
quarter
of
1948
investments
on
for
may
$5
have
Operating
CONSOLIDATED BALANCE
$0.23
'
sales
franchise taxes__
1,918
NOTE—Provision for Federal and state
income taxes amounted
$51,020 in .1948 period and $30,519 in the
1947 ouarter.
V " ;1
stock
of
of
Net sales
1038.
$161,553 v
333,879
—
share_^
p.
"
Bowey's,
by
early., in
share.
per
payments
April
and
45,701
,
of
,
Depreciation
Depletion
Net
...
76,613
charge
of
President, announced.—V.
from sups, not eonsol
Int., divs. from cos. other than subs,,
and misc. inc., less misc.
charges
Corporate
$376,131
which
1948
in
Salesmanager
'Earnings
57,237
$267,014
in
168,
*
>
made
payment
$100
offering,
offerings.
rate
Total
Co.—Weekly Input—
Dividends
Exps.
$486,945
formerly
Magla,
Administrative
$555,990
,
sales
the
_.^,v
Total
167, p. 2785.
Net profit after all
pharges and Fed.
and state income taxes
Earnings
E.
23,600
1948,
listing
to
7
•
"
was
outstanding.—V.
to
Empioyees'
additional
one
American Smelting & Refining Co. (& Subs.)—Earns.
U.
Capital
Lee,
Vice-President
Samuel
; ..;v;
American Encaustic Tiling Co.,
Inc.—Earnings—
Net
A.
15,701 <•*
in
for
issuable
of
American Sealcone Corp.—New
Vice-Pres. Elected—■
:
16,000
securities
approved
stock,
basis
,
385,726' 1
.
or
39.375
$107,903
of
earned
and
the
,
tions,.
income
•Exclusive
directly
common
on
,
$56,727
-
55,154
-
kwh.,
11,200
tax__
issued
now
Sept. ; 15
on
par
shares
voted
12
stock
the
■>,■'?
.
be
emplcvees
Selling, $dmini(stra.tiv$ $nd general
Sept, 9, 1948 the System inputs of
subsidiaries
to 233,356,000
kwh., an increase of 13,688.6.23%, over the corresponding period last year.—V. 168.
1038.
'
to
Guaranty Trust Co. of New. York,
New. York, N. Y,—V, 168, p. 437.
$2,221,164
week ended
32,625
income
share
$2
of
Six Mos. Ended June 30—-
1946
185,847
86,774
for
000
p.
$207,453?
'
$186,912
881
bank
on
Provision
of
number
October,
the
at
Cr2,307
$1,799,659
this company amounted
|
25,244
income
of
Corp.—Earnings—
income
Total
$800,922
1948
Expenses
For the
100,000-s
$212,377
securities, at market quots,
Interest
;
Victor
'
:
——,
Cash dividends
•Net
$307,453
.*•
1141.
p.
American Cities Power & Light
•
37,516
$800,922
;
6 Months Ended June 30—
Divs.
$344,969
29,656
—
each
than
Interest
316,146
(net).-
for
'
512,800
of
167,
share
Exchange
shares
like
a
American Power & Light
291,608
prior years' U. S. FetJ. inc. taxes
(resulting from net loss carry back) (est.)__
—-V.
additional
of
in
Sept.
capital
under
extens'ons, additions and improvements to the
plant of A. T. & T.
its subsidiary and
associated companies and for
general purposes,
168, p. 838,
1..-
due
1,131,014
516,509
398,147
.
operations
income
before
9.45,981
805,821
...
„
depreciation
Non-operating
Net
expense
—
Curb
holders
required for U. S. Federal
tax)
Provision
3,223,035 %
663,168
York
of
American Tobacco Co.—-Partial
Redemption—
'
$656,898
meeting
subsidiaries
stockholders
will
when
employee
There
$1,159,578
its
:
434,120
of
...
429,960
$5,169,502
2,847,341
General and miscellaneous
Taxes
1947
$4,175,507
New
shares
2,328.873
American Metal Products
Co.—Listing Authorized—
The
their
of
three" months
new
of
Proceeds
for
per com, share
$0.87
$0.45
$1.31
$J1.65
"United States income tax
provisionally computed at the rate of 40% '
consolidated companies.
tAfter preferred dividend
requirements.—
V. 167, p. 2462.
;
Subs.)—Earnings—
at
offering
and
14,039,814
Employees— f
company
1947.
price
both
Provision
-'
80,482,753
participate.
Officer? of the A. T.
The purchase price will be $20
the
share
—V.
for
$333,861
193,571
20,324,031
100,615,813
113,566,844'
more
sent
with
to
instalment
493,811
(•'
221,553
tEarns.
10,183
16,182,231
2,049,451
Vy
not
be
nor^less
account
income
83.344,799
19,979,903
annually,
CT3,?68
Net
'-t
r
,
31,919
at
$7,195,137
investments
$537,478
92,383,021
are,
126,618
amortiz
133,185,955
2,136,758
2,320,029
the
offering
market
that
377,550
62,894
$5,981,165
$
16,816,938
pay on Nov.
30> 1948.
shares which
employees
$5,710,064
355,500
$
12,630,729
of
1948—6 Mos.—1947
1,100,628
1948—7 Mos.—1947
$
16,862,614 133,648,761 113,890,948
45,676
462,806
324,104
eligible.
Under
$2,722,969
1945.
2,528,715
company
of
will
bp
one
More Owned)
Prov, for conting. res..*
Minority interests
-115,092
199,000
$525,039
new
eligible
$150
Ltd.—Earnings—
1948—3 Mos.—1947
in
40,394
authorized
total
not
or
$433,871
18,417,846
second
a
the
Employees
be
i,
etc.
9,472,083 ^
of
with
Plan
a
The
and $53,tax anticipation
treasury
and
13,569,102
.
income—__
of
exnected
$2,695,146
$239,984 in 1948
S.
1946
than 2,800,000
shares
may
be sold to
employees.
Approximately half of the shares authorized under the
plan are currently being purchased
by employees under an offering
760,363
5,125,524
and
in
1948—Month—1947
•
revenues—'
directors
ployees
8,000,000
of
$937,982
charges—.
proceed
7,175,000
1948
106,893
exchanged amounting to $205,755
-
expenses.*—
oper.
The
i
1,000,000
In
354,260
x
or
To Offer Additional Stock to
.
7,175,000
760,363
6.404,772
.(Including Subsidiaries 80%
and
$181,075
$23,353
19,499
938.
p.
taxes
after
8,000,000
/)
143,463
33,910
Transferred to surplus
—v. 168, p. 641.
/?T Operating
$2,821,320
*;n 78,ooo
U,387,505
78,000
—
for amortization
1947,
251,755
Payment under employ¬
ees' annuity plan
General taxes
i,
Loss on foreign exch,._
in
1947.—V. ' 167,
7,558,320
,s
prior
......
Operating
1,566,135
other taxes.—
JAfter
deducting cost
$120,000.—V, 168, p. 738.
income
'•$ tate
3,791.421
etc.
Federal taxes on income
Adjust,
fixed
in
$146,507
t$8,253
J
163,669
:
depreciation of $1,872,691
reserve
Total income
Admin. & gen.
exps.,
selling,
expenses,
for
for U.
8.
and
: > *Prpv.
Jan. 1 to
Jan. 1 to
% / foreign income taxes.
Deprec. and depletion..
July 4, '48 June 30, '47
Write-down of real es$8,983,888 $10,449,653
April 5 to
April 1 to
July 4, '48 June 30, '47
$4,648,282
$5,435,450
Period-"
sales
of
:
■
Net
Other
V
i.
4,125,953
5,991,479
..$28,292,193 $25,347,712
1947.
Operating
*$80,453
10,883
revenues——
164,104
—
Period End. June 30—
$0.34
profit of $189,785 on disposal
disposal of fixed assets
American Bosch
4,125,953
under
V
A.,
152,647
par)—.
American Metal Co.,
Cr216,783
in
made in the fall of
.
18,666
6,028
18,479,560^
Uncollectible oper. rev,J"r ~ 61,714
/
from
//v./
;
314,700
on
—...—...
tIncluding
and
2569.
43,310
$80,604
share
Operating
4,389,080
^
1947.
1946
16',286
10,451
$
6,175,079
248,644
....
reserves
$335,812
Cr38,57ti
profit
com.
company__._
($100
168,
the
1947
t$150,000
contingencies
Earnings per
p.
taxes
$597,514
Period End. July 31—
———
—
"After
in
25,512
23,134
securities sold
on
449,957
—„
(payable 1950-55)——
Total I
646
29,466
2,424
i American Telephone & Telegraph
Co.—Earnings-
3,244,902
Subs.)—Earnings—
i1948
't$121,128
-
Income
2,933,885
Code__„
*————w—
Capital surplus
surplus
notes of
Net
from affiliated
advances
1948,
Net
Earned
in
10,966
25,825
_____
J Loss.—V.
196,133
,
—7,925,070 V
cumulative preferred stock
Common stock (1,025,000 no
:
1945
$230,123
legal
609,610
;
profits tax carry¬
Revenue
3.90.%
|
'
Sept. 7,
American Barge Line Co. (&
excess
Internal
in
par shares)—....
_
Effective
of
and
$2,418,739
3,500,298
Provision for Federal, State and
.v;,
1946
$196,333
dividends
'Before profit
in¬
——*i__
Notes payable to banks
$37,728,294 $35,,737,739
245. *
p.
■;
stks.,
1947
$86,405
:
Preferred
1947
/*; 174,773
receivable
—
1948
$30,966
Taxes
LIABILITIES—
8,372,920
9,134,938
of
Accounts payable and accrued liabilities
Dividend payable on
preferred stock
977,839
par)..—8,372,920
no
......
certificates
cost
American. Machine & Foundry Cq„——
'Property, plant and equipment, at cost—.
licenses, developments, goodwill, etc.^
Prepaid insurance, taxes, etc
845,487
other
and
amortized
provision
Totll
of
Corp.—Earnings—
J
$2,885,633
Stock of
465,753:
par
•rrexpenses; "'ett.C"
All other expenses.——
'Balance
V tPatcnts,
4,963,525
5,473
surplus
Earned
563,078
tax
insurance——886,485
for
for
Reserve
income
4,928,298
—.—„13,862
credits
Reserves
Capital
_iiii;
Federal
bonds
at
Investments
$1,708,318
transf.
;
SHEET, JUNE 30
jy..
receivable
Account
reserves,
stock
no
6 Mos. End. June 30—
$0.32
7
BALANCE
hand_,
on
Inventories.
8,649,477-
$1,836,898
.......———————
treasury
back
stock,
Cash divs^. and interest
Expenses in issuing and
affiliate. International
'
income.
CONSOLIDATED
91ain> fpr retund tinder
595,146
; •
S.
Accounts
$37,728,294 $35,737,739
Accrued
—V.
.
1,823,326
LIABILITIES—
Accounts
of
Notes receivable;
'
.
Deferred
net
preferred
for
.%
$152;790 in 1948 and $27,443 in 1947.
in
7%
common
reserved
.
debtedness
5,613,183
Goodwill,
Total
U.
1,883,490
7,962,562
Cash & U, S. Govt, securities segregated against
res.
for insurance & other contingencies.^.
$0.62
$0.89
income
1948
Cash id banks and
5,719,900
2,267,724
-—
included
not
COMPARATIVE
6,099,900
receivable
notes
Inventories
Ls
not
31,
American Superpower
$311,323
ASSETS—
1947
$8,320,637 $11,453,218
,
*
$625,893
;
$6.84
-
,
$895,573
NOTE—Equity in undistributed net
Cigar Machinery Co. amounted to
This
622;?£?
1948
—
—
•
JUNE 30
*
——
Accounts
1,883,907
'
———
shares
of
Earned
——Z_
paid
$4,296,014
2,825,860
profit
Dividends
Net income avail, to common stock
Net inc. per outstdg. sh. of com. stk-
2,700,000
••
subsidiaries
companies other
80,108
'
estimated Federal income tax_:._*
Provision for
to
to
(par value $100 per share), $50.(outstanding 2,630,000 shares, incl. ^43
.outstanding fractional scrip certificates), $65,536,980; surplus, $55,681,059; total,
$266,457,156.—V. 168, p. 41.
000,000;
shares
450,000-
-
-
..
advances
accrued,
Jaly
$32,826,399;
$7,146,014
150,000
..
and
$25,201,894;
salaries
$1,524,307; unclaimed dividends, $54,663; dividends
1948, on 7%■ cumulative preferred stock,
$875,000;
dividends payable Aug. 31, 1948, on
common stock,
$1,314,628; taxes
accrued, not due (incjuding estimated U. S. and
foreign taxes on
income), $30,754,496; treatment charges unearned (metals treated
on
toll
basis), $1,209,299; miscellaneous
liabilities, $1,478,431;
payable
4iu, ua
,
$6,864,623
r—*
for
excl.
exp3.,
of
subsidiaries,
$35,222,817,1 total. $266,457,156.
LIABILITIES—Accounts
and
drafts
payable,
400,743
$1,163,279
Applic.
298,540
'
than
,
$6,133,094
11,779,149
Net
$6,566,083
profit
420,393
$12,515,880
$1,859,844
Net
Provision
3S7.396
profit—,,
Other income
I
r? n??
82,039
58,08/
reserve——i—_*—
sales—
on
Miscellaneous
sales and
of
securities
consolidated, $2,338,684; securities of and advances
Federal income taxes..——:
Other corporate taxes——.*..
30,522
San?
84,963
————
.
insurance
to
Lt_
-
Gross
receivables-.;—^
plants
mines, etc., $52,093,717;
1S46
$5,732,351
.—.$13,638,987
—
Monday, September 20, 1948
and wages
Cost
expenses———
mines
of
Addition
Net
of
admin,
1947
$12,089,482
29,830,414
31,531,340
———
and
general
Subs.)—Earns.
(&
1948
$13,271,591
7,041,404
$43,080s798 $41,125,646
——
Cost
Foundry Co.
CHRONICLE
7041 454
Total.
Net
&
FINANCIAL
—-
Rentals
'
8,671,381
—
Machine
&
6 Months Ended June 30—
J!57inn
$49,752,179 $48,167,100
_*———:u———
«
American
(& Subs.)—Earns
30—
returns t
COMMERCIAL
sale.
-
;
for
k.
'
•
Volume 168
Number 4735
THE
companies, accounted for 58%' of the cattle, 54%> of the
hogs,
.68'/c of the. calves and 79%/ ox the sheep slaughtered under Federal
inspection during the past decade* according to the Justice Depart¬
&
In''connection "with .the
Vultee
Mr.
at
Claik
said
Necessities
of
monopolistic
»The
the
divided
be
of.
such
be
overlooked
food "from
as
to
falling
each
'
department
companies
the
into
new
the
''
would
company
proposes,...
-each
would
The
groups.
be
be
stock,
"big
is
four"
how
the
'
management
separate
from
each
packers;
.'V'-v-'-
- *
Department
to
proposes
Co.
to
be
•
divided
into
five
offered
FINANCIAL
CHRONICLE
.
Tex.,
and
San
Fiancisco.
Perry, la.;
'
Atlanta, Ga.;
—
San
N.
shares
As
>
of
its
largest
of
at
Consolidated-
stockholder,
148,459
shares
and
y-V.. 168,
A
I
..
for
tenders
of
•
ment
INCOME STATEMENT
SIX
1947
$1,172,849
-Interest. V—---a./-.;
j.
"
.
Chairman
1946
*
-The
,
1945
*Total
$415,857
34,875
122,610
„
to
$1,204,758
Expenses
Frov". for Fed. inc. tax_.
-
:
$1,526,716
572,982
$1,289,476
545,771
.'
45,000
T
Profit
'
:
Armour
j
&
PROPOSED
...
Co.
No.
/Company
to
l:
be
divided into
Plants
1
ARM.QDR DIVISION
■
five
separate
companies
Net
■'-
*!
of
H Net
Mo.;
Hudson.
>- -*
PROPOSED
CUDAHY
4,238,226
BALANCE
■<
ASSETS—Cash^ I
interest
for
SPLIT-UP
accrued,
which
market
market
quotations
are
quotations, $44,228,789;
compahies,
795;
notes' receivable,
other
JUNE
at
available,
investments
Kan
Diego,
Jersey City, N. J.;
Salt
Lake
City,
Albany, Ga.; Kansas
Utph;
Denver,. Colo.,
Calif,
management's
valued
by
valuations
the
,
371.820.
PROPOSED WILSON
SPLIT-UP
-
Wilson it Co., Inc., to be divided
fntol iwo companies as follows:
Company No. l: Plants at Columbus, Ga.; Chicago;
■
.
f
.<
j
Minn.;
Cedar
>
Rapid*,
COMPANIES
DENY
of
Top officials of Swift,-Armour and
Violated the anti-Crust law as charged
Cudahy denied that they had'
by the Justice Department.
said: "Swift and Co. has not
that the charges appear at the
-John Holmes, President of
Swift,
violated any law.
It is significant
<
$511,001), $6,324,at cost, $608,000;
$2,921,293; total, $62,-
sumers
and
choice
buying
and
selling—between
who
process,
con¬
either
livestock
prices
-"'The
suit
flavor.
I
all
facts
the
am
of
course
certain
is
the
meat
or
-George
A.
Eastwood,
have
an
opportunity
prices.
.
Armour
the
St
sa'd:
Co.,
allegations
by
govern¬
attorneys, and consequently cannot answer them in detail. How¬
I can state positively that Armour St Co. has not conspired:
competitors or any persons to divide available livestock
receipts or sales territories, or to fix prices."
4 Kludahy
asserted that:
"This charge is entirely false as Attorney
Common
Aro Equipment Corp.
Net
for income
(est.)—
income
•Earnings per
*•
taxes
$1,050,026
198,799
63,331
share
common
$260,676
$0.68
-
;
$1,738,624; investment
securities
at
cost,
Canadian
in
$22,128;
cash
$500;
value
of
250,000
258,308
257,206
171,346
outstdg.
258,313
257,211'
257,171
share-
$1.75
506,713
;
136,782
,171,346
*
880',479
335,367
*
$3.42
>;x
notes
accrued
in-\
Ar* 172,831;
684,837
384,840
Net
!
$1.30
net
S.
for
Federal
preferred
reserves
stock,
for
Government
taxes
securities,
income,
on
$45,594;
insurance.
total,
$33,152,973.—V. 167,
has
company
agreed
to
notes
$241,754;
Gross
July 31, '48
Est; approx. oper.
taxes
2,600.000
770,000
Est; provision for Federal taxes
*
Estimated
approximate net
*-Vl 168r P. 738.
profit
Jed June 30—'
1,890,000
-
$1,560,000
Cost
of
due
Operating profit
^
Other
I^loyd
that
B. Odium, President,
indicated
asset
inately $30.60 per
dividends of
value
share
cents
40
share
a
i...a
■;!_
six
months
bee.
31,
1947, while the
first
CSrliCI*.
\
Mr.
of
"X ':-
"
1948.
■.
of
Barnsdall
i
Of
earlier.
30
after
outstanding
compared
Atlas
payment
common
with
an
was
of
two
stock
*!rt
*
Co.
twice
.
'
•
the
^1
that
worth
Atlas
amount
had'at
in
/
•
►"
on
the
a
Prn„
,
Prov.
Referring to the recent sale of Atlas' 929.020 shares of common stock
Radio-Keith-Orpheum Corp. to Howard Hughes. Mr. Odium
pointed
out:that his
concern
retains
an
of 327,812 option warrants.
The
Commercial
and
interest
in
.(Reg.
U.
S.
Patent
$1,353,839
80,095
41,436
$1,732,235
$2,278,925
$1,395,275
7,202
43,304
Inr"tax"Ind"surtax"inc. tax aj»u
615,964
70,122
830,953
1
price
^Based
per common share
on
shares
NOTE—The
now
•
/■'.
512,987
adjust¬
120,000,
—.—
outstanding. /
/
$1.11
%
$1,312,814
"786,120
'
$1.67
$831,782
393,060
*$1.06
.•'*
company in
undistributed'
-earnings of subsidiary
739
in
$6,579,007
$5,709,053
19,818
34,024
$6,598,825
$5,743,077
v
904,337
2,264,783
2,032,599
$3,429,704
$2,698,480
162,503
1,429,860
1,429,860
$1,837,341
$1,406,117
711,997
162,503
period^..—.;—
,
X
outstanding_^v;_/j^;^I;~^II32
2,383,100
share_^„
":■•/
in Canada, resulting in
in 1947
are
income
net
2,383,100
$1.37
of
$1.19
$42,446
included.
"
siib.1,30,/94;
due
from
stock
leai
rCC6/Vable (less
ojher
notes
B
of
American
cost
(leSs
obligations, $151,092; instalnotes of $7,603,327),
(including $31,694
doubtful
accounts
employees),/$285,077;
class
estate,-at
for
reserv«
and
receivable
investment
Business
Credit
(26,288
Corp.*
shares
at
cost),
common
$749,154;
for
reserve
depreciation, $21,125/, $137,655;
noA® an fixtures. at cost (less reserve for depreciation, $783,562),
$855,930; carrier
•oc=
operating
property,
at cost (less reserve for depre—
carrier materials and supplies, at cost,
tooflT/e!£2,192.6571, $3,416,079;
unamortized
M4G,O31t870^';;/;
debt
discount
franchises
v VV
t
'Loans
and
and
and
expense
other
assets,
1:
•
other
deferred
$187,043;
total;,
v-
payable,
$26,863,415;' Federal income taxes,,
J ' "0/™/ accounts payable (including accrued interest, $223,231),
$3,099,520;
purchase-mojiey obligations, $282,000;
employees'
thrift
accounts
(including employees' pension plan,
2%%
debentures,
notes,
due
C,°H
April
*,
due
l,
$2,050,034;
•
$793,185), $4,109,733;
l.
1961,
$20,000,000; 2%%promissory
$20,000,000; deferred income, unearned disminority interest in capital stocks of sub-
May
1967,
cumulative preferred stock $3.25 dividend
series of
(100,000 no par
shares), $10,000,000; cumulative preferred stock.
dividend series of 1948
(100,000 no par shares), $10,000,000; com¬
($10 "par
value), $23,831,000; paid-in surplus, $1,185,750;
surplus, $20,997,894; total, $146,031,870.—V.
168, p, 843.
stock
earned
-
Bi^elow-Sanford
Carpet
Co.—To
Shares Second Preferred With
SEC—
The company intends
in the near future
share
James
Sept.
company (not, consolidated) amounted to $952,1948, $244,226 in 1947 and $298,893 in 1946.—V. 167, p. 2462."
to
file
a
Register
30,000
,
registration statement with
the
Dana
Seibert,
President;
William
D.
Riggs,
,,,
Wise
announced
that
pidxies
approving the proposed new Issue
authorized common stock, have
been received from holders of 72%/ of the
present preferred stock and
70%>\ of .the present common
stock, exceeding the required 66% %> in
of
preferred stock, and increase
in
the
case.,..
stock,
;•
dividend
which
mately
10
holders'
will
years,
rate,
be
will
conversion
convertible
be
rate
into
determined
meeting, Mr. Wise
stated;
and
other
common
the
at
v
.
for
terms
a
time of
period
of
of
the
rent
market
conditions,
feature of the
new
Office)
Business
On
account
of
the
fluctuations
in
the
rates
of
exchange,
remittance
for
foreign
subscriptions
and
advertisements
must
be
made
in
New
York
funds.
new
approxi¬
the October
stock¬
,
Commenting on the plan to sell only one-half of the shares for
present, he observed that: "In the opinion of the
.
NOTE;
SEC
covering 30,000 shares of the proposed 60,000convertible, second^ preferred stock
issue, it was announced by
DeCamp Wise, President, at a special
meeting of stockholders
13.
Pending the filing, the meeting was adjourned to Oct.
4.
particularly in the light
stock, d6 not justify the sale of
tho
management, curthe conversion
of
all
of
the proposed
William B. Dana Company, Publishers," 25 Park
Place, New York 8, N. Y„ REctor 2-9570.
Herbert D- Seibert, Editor and Publisher;
Manager.',
Published twice a week
[every Thursday
(general news
and
advertising" issue)
with
g
statistical issue
offices:
135 S.
La
on
Salle St.,
Monday].
Other
Chicago 3. 111. (Telephone State 0613); 1 Drapers'
Gardens, London,
E. C., England, c/o Edwards & Smith. ► Copyright -1948
by William B, Dana Company.
ias second-class matter February 25,
Reentered
1942, at. the post office at New
York, N, Y., under the Act of March 3, ,1879.' Subscriptions in United States, U. S.
American Union, $35.00 per year;
Possessions/Territories and Members of Panin Dominion of Canada, $38.00
per
year.
Other Countries, $42.00 per year.
William
in
'
CONSOLIDATED BALANCE SHEET, JUNE
30, 1948
ASSETS—Cash, $23,005,157; U. S. Govt,
each
40,000
-
.
equity (nol included above) of
notes_
dividends—"
common
1946 and $41,400
_
The
$869,743
"
x#: 93,123
$19,207,764 $18,080,240
8,471,043
8,099,745
1,011,328
974,745
3.146,386
3,296,697
____/
^o0TEr5>?erati0ns
Mr,
*•
•
RKO
Chronicle
$2,198,830
73.902
I 786,120
V
through its ownership
Z/./■/■////c
"
"
Financial
66,886
Earnings
six
V
..
1,215.507
84,758
51,694
inventory
3,354,746
18,109
STATED
1,474,811
Profit transferred to earned surplus
Common
shares outstanding—
quo¬
portfolio
for
shares
$4
25,036
tor
217,124
3,261,278
rtizution
^.
Federal Income taxes
per
mon
74,804
ment contingencies
V/183,119
,...
NOT
(net)
fnr
pre-
income
stock
Surplus
*19
$1,658,333
payable, etc.
(& Subs.)— Earnings
■
1946
100.154
.
„
———
notes
rrov. ior reu.
year
337,000
market
Loan Corp.
revenues
.sidiaries, $12,522;
Pennsylvania corporate net
iax
>
v,v
on
f
ir^me
:tv^'.'.V*'.',• •/p.Vf-'..*•
mid-year
based
carried
during ,the
$31.77
A
$14,491,000
p
quarterly
v
amo
Earnings
6350,000 "the so-called
Service Co., which dis-
"
Intei-est
approxi-
.inn/
indicated $30.01 at
figure stood at approximately
disclosed
Oil
tations—approaching
months
This
stock of
common
on
.■■iTVit.
V.'i "
-
Odium's-report
shares
the
June
nd
divi¬
1,542,552
;
(pet)
Total income
said in the company's semi-annual report
of
at
income
'
*
$1,391,440 $10,434,089 $10,977,199
950,108
7,584,733
8,017,033
-
off—_
doubtful
Common
1950-/
$1,120,000
t
Atlas Corp.—Asset Value Gains—
goods sold
he
.
income
a
Common
for pensions
$19,572,'482" $17,759333)
16,271,443
14,001,434]
Sell! gen. ft admin. exps.__.-——_
Deprec. and amortiz
par
However,
effective,
Pennsylvania—Earnings—
$1,278,623
860,169
-
income
Cumulative preferred
$1,315,334;.
$1,131,159;
payable,
reserves
1948
Net-sales
'
■
for
8>»o9,b2b;
for
of> $25
1949.
Net
(Including Wholly-Owned Subsidiaries)
Aug.2 *47
$62,230,000
i,C4Q,000
profit before-Fed, inc.
written
Provision for
p.
purchase
shares
1,
become
to
1948
Payuk Cigars, Inc.-^-Earnings—
$66,715,000
.—
/" /
four
July
It
operating expenses—;
I uteres t
-receivable
liability
on
also
amount
1943—Month—1947
1948—7 Mos.—1947
$12,755,654 $11,702,869 $88,700,936 $79,370,659
19,906
24,816
159,681
137 989
rev,
.cSe,s' ^$774,262;
(& Subs.) —Earnings-
sales—
for
..
1254.
Half Year Ended-
effective
date
operating income_i__-_.
income.
""
Other
256,564
$2.66
payable, $54,881; .accrued items payable, - ; southern districtproperties of Maine- Public
$278,154; reserve for Federal taxes on income, $227,165; reserve for
// tributes power to Aroostook County, Maine, and serves several smaller
contingencies, $200,289; preferred stock (less stock in treasury of $45,/Maine communities including the town of Milo.
606), $1,409,394; common stock (less stock in treasury of $6,089),
$831,-///- The stockholders of Maine Public Service Co. will hold a special
411/ paid-in surplus. $440,599; earned surplus from operations,
meeting Sent. 21 to .take* action on
tions, $1,407.meeting Sept. 21 to/take-action on the Bangor offer.—V. 168, p. 542.
686; total, $4,849,579.—V.
Totai
be
'• ;
income—
operating
Carrier
Ba>U?Qr Hydro-Electric Co.—Offer for Propetties—
This
p.
oper.
operating
Provision
171,492
$2,060,030 in pension trust). $398,097; reserves for
contingencies,
$9*0,324; 4% cumulative convertible preferred stock ($100
par value),
$6,839,100; common stock (no par value—$33J/a
paid-in Value—issued.
264,563 shares),/$8,813,764; Capital and
paid-in
surplus, $1,062,061;
earned surplus,
$8,619,966; less 6,250 shares common ttc-ck in treasury,
$4,849,579.
I LIABILITIES^-Accounts
167,
would
an/earlier
July 31—
Operating expenses
856.329
amounting to $413,423 and after deducting $12,097 interest
^.Includes profit on /sale of real estate; $55,535,
and
capital
They
—
1,017,231
-(less
$49,672; other assets, $106,642; property, plants and equipment
(net), $803,202; oil wells, leases, equipment,/development costs, etc;./:'
$539,889; patents and trademarks (nominal value), $1; deferred charges
to operations (supplies, insurance premiums,
taxes, etc.), $79,169; total,
Associated Dry Goods Corp.
set
Total income
•
,453,077
1955, $3,000,000;
mis-1
life
Other
"
;
per
estimated
dend
subsidiary.
surrender
provision
can
charges—*
p. 738.
viously
42,591'
com-
on
the
?
The
oper.
after
Carrier
notes payable.
714;
CONSOLIDATED BALANCE SHEET AS AT MAY 31, 1948
(
ASSETS—Cash, $391,191; U. S. treasury certificates of indebtedness,
Vale, due March 1, 1949, $500,096; accounts receivable (net), $618,466;
Inventories,
%-r..
589,859
136,782
stock
stock
'i ' 'V1'"'
'ii.
'
2252.
principal
■
LIABILITIES—Accounts payable, $1,435,271; accrued liabilities, $793,-
$0.45
"
Z'
cellaneous
p.
Months Ended June 30—
'
""
1948
1S47
and chgs. on
instalment notes receivable—
$15,745,258 $14,415,247
Recoveries on instalment ,notes
3,805,920
0/$14,614,710), $11,784,199; goodwill, patents, etc., $4,052,682; deferred
charges,. $231,417; total, $33,152,973.
$182,863
surance.
$0.94.—V- 167,
JBeneficiil IJiAiistrial
*2,907,000
•
resulting from tho
on
1,531,334 shares,
tBased
company.
6
(less reserve, $158,818), $5,081,712; insecurities of unconsolidated subsidiary
company,
$474,594; miscellaneous invlestments (at cost or less),
$26,802; property,
plant and equipment (alter reserve for depreciation and amortization
121i9p8
-
35,055
...;
ASSETS—Cash, $2,771,178;'U.
168,112
$189,880,
Int.
veritories, $7,415,055;
304,771
$0.31
O
r'-*
254,713
tC252,000
746,000
CONSOLIDATED BALANCE SHEET, JUNE
30,
1946
428,788
fAfter preferred dividend requirements.
i
contracts
on
so
$905,638
/
Net
excess profits taxes and. renegotiation refund (less post-"
refund of $217,000).
tlncluding tax credit due to carry-back of
unused excess profits credit
amounting to $313,000 and Federal income
tax of $61,000.
tSales only,
ilncludes income from termination of
v
$1,222,841
$135,468
earned
accounts
1947
1948
$2.44
of
on
revenues-.—
—V," 163,
^Includes
(& Subs.)—Earnings—
Gross profit, from sales...,—*——«
Frbfit before income taxes
Provision
do
938.
437,524
t$3.28
Operating revenues.. $12,735,748 $11,678,053
$88,541,255 $79,232,670
Operating expenses!
10,551,187
9,356,632
70,804,996
60,808,927
Operating taxes /
905,938
929,981
7,302,170
7,446,544
war
Our company has not
in any actiuit'es whatsoever to: suppress competition, Meat
is sold M a highly competitive basis by thousands of packers through¬
out the country.
It is untair ot the government to put our company
shall
if,
dividends
com.
Amt.
engaged
6 Months Ended June 30—
pfd.
on
Shrs.
General Clark and his assistants should know.
p.
327,000
!
Amt, earned
any
to. the expense of defending such a proceeding but we
and are confident that we shall be exonerated,"—V. 168,
..951,914/ -2,013,261
$1,069,129
437.524
$1.30
into
each.
directors
Uncollectible
*
taxes—
payable
"We have
made
are
1945
1,531,334
profit
the
1
1946
/
Sept. 9 approved an increase in
company to $300,000,000 from
$150,000,000.
further series of bonds of an
aggregate
a
Period End.
30,946
Net income
ment
,
*"*101,899
Prov( for contingencies-
ever,
with
,1427,885
Di'vs.
of
examine
net
by
share
per
the
Operating
3,774,974
Interest
charge .with strong political,
will be completely exonerated when
Chairman
to
152,814
income
total
-Earnings—
$1,989,053 '$1,436,270
-
$1.73
Bell Telephone Co. of
*
620,600
1,585,376
income
the
23,514,036
921,784
30.13Q
Total
exceeded
738.
p.
receivable
unproved
an
company
13,624,251
297,001
Federal
presented."
are
held
said.—V, 1.68,.p. 342.
27,909,610
327,048
'
government busi¬
that we will continue-
r
1,531,334
-
non-recurring
stockholders
of
Net
14,074,066
490,269
-
distribute and sell meat, and the millions
who produce livestock.
Under these condi¬
*
not
of
'
-
$50,000,000,
the
1945
.1946
.
and
and
so
1947
-
»
$2,642,188
securities
earhings
value
-
management's
Net oper. profit
Inc. from Invests, etc.—
bidding for available meat supplies, thousands of meat packers
retailei-s
of farmers.-and ranchers
tions no one can control
■k
millions
1947
..
time,"
aircraft
Frederick Johnson,
President, said the directors will consider a four
one
stock spLt
"at an early date."
Under this proposal,
each
of $100 par value
would be divided
16}8, p. 246,
Deprec. and amortiz
beginning of th(s fall's political campaign.
Apparently
an
attempt
is being made to shift
responsibility for inflationary price trends,
j "Livestock and meat prices are governed by the
interplay of com¬
petition—free
1948
present
....
168,
share
(cost,
Sales & other oper. revs; 121,030,176 $20,648,847
Cost of goods sold, de¬
livery and other .exps.
19,618,093
18,736,423
the
and
.
for
(& Sutys.)—Earnings—
'
6 Mos. End. June 30—
LAW
balance
a
,
Atlas Powder Co.
VIOLATING ANTI-TRUST
of
The
la.;
.>.■
commercial
25%.—V.
1948
share___:.^_
authorized
»
Lea,
over
taxes
per
stock-
:
management
unrealized appreciat.on
(excess over
cost of market or
valuations Ot assets), $8,487,355; total,
$62,371,820.—V.
Oklahon:). Cityr.
■/;gnd: Lcs Angeles. ■;
■ ■ /////I/V-';/
Company No, 2:
Plants at Albert
/f Kansas City, Kan., and. Omaha.
at
between
diversified
possible.
as
shares
issued
..
August, .1948, the company's cash
by
400,000
securities
Bell.Telephone Co. of Canada.—Stock
Increased—SplitUp Planned—Bonds Also Authorized—
V
LIABILITIES—:Accounts payable and accrued expenses, $533,732; pro¬
for taxes,
$319,247; reserve for contingencies, $500,000; common
stock.($5 par), $10,045,295; common stock in
treasury (14,671 shares),
Dr$73,355; capital .surplus, $21,172,095; earned surplus,
$21,387,451; net
and
'
other
/
at June 30,
1948
majority-owned subsid¬
investments/at management's valuations,
has
company
■
vision
,,,
>
tne
515,566
priced
in
capital stock,
the first pay¬
* 570,976
30,. 1948 "
■
at
sales
$569/744
1,636,J7Q "" "546,529
SHEET,
is
is
between
profit after estimated '
Federal
$8.099,170; dividends and accounts receivable and
$189,773; portfolio holdings, representing securities
iary
.
_
liabilities
450,075
„
for
*'
-
the
Earns,
23,897 * +7,714,544
1,596,184/
the
on
This
is -satisfactory
maintain
Capital shares outstdg._
.
LCudahy Packin» Co. to, be divided into two*companies as follows: / "
Company No. 1: Plants at Sioux City; la.; St. Paul, Minn.;
Wichita,.
Kans.; Phoenix, Aria.; Fresno and Los Angeles, Calif.
'
Company No. 2:
Plants
City, Kans.; Omaha, Neb.;
$119,669
in:1948 and,$42,275 iri4945/dh'ildendsfrom.maJ6ifity-owned "subsid.ary (also $5,115 interest in
W8 "»Prest in 1948).. ..tlnciuding $4,239,- /
ximu.. .uouuainc
836 with respect to majority-owned subsioiary. companies and $315,569
w/proceeds from sales; of, securities previously written, off",;v-
Wash.,
1
^
Company No. 5;
Plants at Reading, Pa/ Memphis,
Tenn.i MilWaukee, Wis.;, Mason- City, la.; Denver, Colo., and
^Portland, pre..
•
inc.
and
customers
many
end of
.
]>Includes*$88,998
S.
,
__L_
1.
Beech-Nut Packing Cor (&
Subs.)
basis/X',/'//':/r
cost.
period-..
$4,825,002 C: / $944,842 ' $8,503,346
Preferred-, dividends "'i//1
*
243,711
..Common dividends
•
Joseph,
the
01:
as
"Includes
at
Ky.; Chi¬
Dakota/and San Francisco,s
j. Comydny No. 3:
Plants at New York, N. Y; Atlanta,
Ga.; Indianftpoiis, Ind.; Peoiia, 111.; Kansas City, Kans., and St. Paul:
•Company No. 4:
Plants at Pittsburgh, Fa.
Tifton Ga.;'Eau Claire,
Wise.; Sioux City, la.; Fargo, N. Dak.; Fort
Worth, Tex., and "Spokane,
St.
$788,802 O
sales, of;
011
average
follows:
as
Jersey City, N. J.; Columbus, Ohio;'
Birmingham, Ala.; Oklahoma City, Okia.; Omaha, Neb.; Grand
Forks,
N. Dakota/ and Los
Angeles. . r
<
v
»
«
4
.\!
Company No. 3:
Plants
at Baltimore. Md.; Lexington,
cago,
profit
securities
'w'"
$920,945
»
declared
Oct.
obligations.
the company
"our; backlog
6 Mos. End. June 30—
Net
$586,776
like
We will endeavor to
current
411,350;
8,000 '•
39,000
,
.
been
record
$539,019
461,674
...
►
60,000
business of
retain
-At
552
income
other
or
Beech
ness.
$1,254,601
has
of
board, stated.
The
outstanding and no
stock
loans
added,
non-aircraft business;
47,892
Miscellaneous
holders
the
common
bank
Mr.
>
of
of
o
$1,478,824
31,909
share
per
to
is
no
$8,-
MONTHS ENDED JUNE 30
1948./
Incomes—dividendsjUX'i
s;
.
15
Oct;
31, 1945, when a like amount was disbursed.
anticipated that the forthcoming annual
statement for tho
1948 .fiscal-year
ending Sept. 30, 1948, will show
earnings in execs*
of $2.50 per share
of common stock, Walter H.
Beech, President and
''•// '/V/:
v\"<
Oct.
since
It
/
an
;
'"
1948—8 Mos.—1947
$2,950,422 $26,657,230 $27,146,137
v
diyidend of $1
payable
4%
its
approx.mately
f
;
'
1
1948 —Monih—1947
p. -643.
Beech Aircraft Corp.—Resumes
Dividend—
acquired 76,959
•'
a capital and capital surplus of more
earned surplus of nearly $21,500,000, as well as*
appreciation in securities aggregating
500,000..
Company No. 4:
Plants at' Harrison; N.- J.;Cleveland, Chicago,.
Sioux City. Ia.;
.Winona, Minn.; Moultrie, Ga.; Lake Charles, La., and
Spokane, Wsh. v< ■
v*
Company No. 5:
Plants at New Haven,
Conn.; Brooklyn, N. Y.; Baltimore, Md.; Nashville, Tenn.; Columbus, Ohio/
Savannah, Iil,; St.Paul, Minn.; Milwaukee, Wis.? and-Kansas City, Kans:
.
3
Corp.—August Sales Lower—
$2,539,454
,
Airlines, Inc.
'
,
1 Period End. Aug. 31—
Sales
contingent subscription,
preferred stock at $20;
your company
■'/,
30^the;company had
(A. S.) Beck Shoe
Mr.
which
>f
.
(1139)
f
*•;
"Northeast
by Hilton Hotels Corp.
discount from parity," he
a
of
- —
request
a
.$31,000,000,
unrealized
Antonio,
stock
convertible
subscription
stock."*/ ■'!>;//
.than
J,;v
the
total
a
firm
cumulative
result of
a
stock
/.At June
/ :
,
City,
Harrisburg, Pa.; St. Louis, Mo.;
is
of
continued,. "your company sold all of its preferred stock
holdings to that company but fetains- a substantial position In Hilton through ownership 01 common
the!
follows:/
Atlas
obtained
shareholders, through
83,333
preferred
Company No' 1;* To be comprised of plants now operated in Cam¬
bridge, Mass.;
Smithfield,
Va.;
Evansvilie, Ind/
Des
Moines,
la.;/;
Omaha, Neb.; Montgomery, Ala:;, Dallas, Tex.; and
Denver, Colo.
l Company No. 2:* Plants at
Springfield, Mass.; Newark, N. J.; Hall-»v
stead, Pa.;- Ocala, Fla.; Marshalltown,--la.; St. Joseph,
Mo.; Water-^
town, .8. Dak.; Fort Worth, Tex;,'and Los'Angeles,'.Calif.
;
'
Company No. 3:
Plants at Somerville,
Mass.; .Jersey
*
its
"Following
'/
as
-which
of
that" Atlas
offering
^hares.•'
■'Vvv'.v'; /
separate companies
to
rights,
and
recent
offering price amounted to $1,336,131.
February, 1948," Mr. Odium reported,
per share.
Other,
split /Up
proposed set-up for,swift
Swift <fe
.-."In
v.,v!':.
...
Justice
basic
dissolved. 'They
,
Here
the
hands/of
'
'«
Corp.,
disclosed
the'
'
prevent
into
.
then
control
life
must
avenue
groups."
big packing
four
would
"no
Aircraft
Odium
ment.
;
COMMERCIAL
The
-
(1140)
4
'
THE COMMERCIAL & FINANCIAL CHRONICLE
,
1
Issue
new
this
at
half
of
Sale
time.
the
of
will provide the
issue
Boston Fund Inc.—Earnings—
,
with approximately $3,000,000, before expenses.
Since Jan. 1,
company has already added $8,000,000 to current working
capital, this amount being over and above dividends and the cost oi
plant modernization and other fixed assets.
The greatly expanded
post-war sales have made necessary this large addition to working
capital.
It is expected that additional plant expenditures will not
exceed depreciation and earnings in excess of dividends. —-V. 168,
company
'
739.
p.
3 Months Ended
the
1946
Dividends
On
Sept.
7
/
Dividends
fee
———.—
covering
gains or losses on
(computed
NOTE—Company
JNet
profit
Com.
files
1945
1946
1947.„.
dividends
$959,104
$381,082
$271,602
525,514
525,514
262,757
262.757
t$0.71
t$0.50
V. 166, p.
$1.17
share-
com.
per
2554.
6 Months Ended June 3C—
Dividends
sccur.ties
in
market)
(at
Interest
.
of
.77,406
45,185
135,351
$730,920
$832,611
;
29,318
$601,408
Interest on ba..k loau
$454,252
—
Preferred div.dends
—:,L
share
tEarnings per common
•Exclusive
net
of
profit
sales
on
$661,504 in 1948, $1,985,671
securities
of
AT JUNE
30,
fac.
stock
capital
July 31,
at
..$7,639,142
(Dr)
233,307
to
tBased on
(Dr)
19,997
Net
1948
69,392
Tax
quotations,
of
suit,
$315,000;
investments
$15,971,087; -total,
$26,755,713),
at
The
eight
$21,853,152.
4,752,624
1,754,550
the
able
Mahaffle
and
accrued
stock
mon
expenses, $89,810;
value
(par
$1
•166,758; earned surpius,
;
•"
.,
-.
532,307
168,087
$2,407,818
—
and
expenses
Operating
Dividend
iOther
loss
jl
received
__
Loss
from
tax
VV 834,792
117,507
178,819
.i
•_+
'
^
1,074,510
'
*
———.
assent
priority
some
$115.50
to
650,253
,
;
refund-
1,192,017
sub,
1
___
provide
11,372,060
_
the
into
made
be
ICC
at
of
least
L,
$I,T61,179
75%
dividends
to
as
''«V%
•
* '
U
Net loss-—...
Common
shares
/Earnings
per
/ '
*
*
^ "t,
,°r
;
,
fit
.'
,
'
n
'■
share.
a
The
proposal
the
for
relied at the time of purchase."—V.
and
162
authorization to
__
8$
t64,280
1,082,454
V Nil
$0.06
^
V
"
,
«*
,
"^4
»'
v
'
a
,
r
.
V' »
t
168,
diaectors
share
Oct.
2.
April
This
16
on
the
on
and
Sept, 14 declared a quarterly
capital stock, payable Oct. 16
with
compares
July
16,
this
20
cents
year.—V.
per
168,
p.
dividend of
to
share
paid
of
Total
record
"
•
.
J""'.''
June
v
30—
■
Prov.
Operating
profit
earnings.
Total
on
plant
equip.
sundry charges
sales and
on
Prov. for est. Fed.
'J.'.
& Can. inc.
S
taxes
Net Income
65,247,921
Earnings
*
After deduction
before
deduction
Treasury
bil
accounts
and
nm)
s
notes
work
in
traveling
and
process
twoLc"
$329,956,
2,336.740
2,336,740
2 336 736
$4.13
and
of
on
and
hand,
Canada
advances
accounts
SHEET,
less
goods,
?
n
$156 722 491
V
reserve,
States
Net
materials,
payable,
$3,921,617;
$2,801,039;
for
accruals
taxes
Purchase
and
(including
on
cumulative
announced plans for the
to
:
house
immediate
the
Avenue
in
Cleveland
General
1,947.700
1,947,700
$2.69
$1.60
$0.16
tax credit.—V. 168, p. 342.
1948—6 Mos —1947
1948—12 Mos.—1937
$5,101,064
before
50,569
34,272
90,969
income
'.•*
' •
taxes
$2,292,019
$5,192,033
$4,085,423
165.000
1 28.000
297,000
216,200
823,000
1.911,000
1.467,100
profit for period
Capital shares outstand.
$1,687,701
$1,341,019
$2,984,033
$2,402,123
594,298
594,298
594,298
Earned
"
$2.26
$5.02
on
for
594,298
"
$2.84
depreciation
mary amounted to $71,968
and 1947, respectively; and
ended June 30,
and
included
$60,838
for
in
the
the
six
foregoing
months
sum¬
in
$129,989 and $116,468 for the 12
1948 and 1947, respectively.—V. 167, p. 2463.
•Net
1948—3 Mos.—1947
earnings
shares
Earns,
per
$1,075,565
outsldg.„__
com.
share..
•After all charges
The
the
directors
capital
similar
of
of
$1.30
26
in
compared
as
Working capital on June 30,
$25,056,212 on the same date
with
•
and
J 848
sold
services
1946
1947
$30,898,528 $21,113,768
.
58,734*
-
39.13s
$50,161^209 $31,039,595 $21,211,638
of
and services sold.
24.462,275
16,707,563
13,363,203
taxes
1,238.624
467.132
900,631
422,633
77$,093
405,932
572.852
products
491.353
382,849
12,379,696
8,107,961
5,255,875
&
prop.
misc.
_
provision for
foreign .income taxes..*
Income
Reserve
from
for
Reserves
i
U. S.
and
4,415,850
—
1,752,062
472,366
$6,604,781
;
operations.
$2,657,382
$561,315
contingencies
500,000
—
longer required—
no
Cr€34,55I
Net
$6,104,781
1,496,850
$2,657,382
1,494,000
$4,607,931'
I $1,163,382
profit
Dividend paid in- cash
$1.32"
.
$1,195,868
1,250.000
Dr$54,134
$0.11
$0.53
CONSOLIDATED BALANCE SHEET
ASSETS—
!
1948
Cash
U.
market—'
$6,693,345
1,344.747
11,152,690
23.671,160
foreign govt, securities at amortized cost
Accounts receivable, less reserves.
at lower of cost or
1947
.
$8,850,504
—
S. &
7,001,312
7,167,249
13,338,891
Land, buildings and equipment (net)__,*____I._
14,603,976
3,167,998
1,074,501
9^710,770
.
$0.73
-
:
:
"
'
$62,887,332 $48,354,065
J"
t
Prov.
for
est.
Provision
U.
Reserve
S.
and
for machine
.Prepayments
:;
service,
for.
by
$1,001,772
7,585.627
and
products
}£.; 356,519
"
:
■
L
3.928,333
499,467
.
,
for
1
contingencies
2,216,533
664,lis
1.073,485
foreign income taxes
guaranty
customers
$703,978
2,779.056
5.803.795
4,643,100
.
1,500.000
—
value)
par
Surplus
tTreasury stock
J\l,'vj
\.l;
r
»•
600,000
25,000,000
10,552,189
Dr145,255
(no
25.000.000
17,789.385
•Capital stock
Dr3l0,70S
»
•
—
$62,887,332 $48,354,065
•5,000.000 shares' at stated value of $5 per share.
(Represented by
9,350 shares in 1948 and 20,000 shares in 1947.—V. 168, p. 843.
1°48—6 Mos.—1947
$864,225
$2,219,004
$2,313,186
1,381.182
,'1,381.188
$1.51
$1.53
' *
Total
LIABILITIES—
Accounts payable
Accrued payrolls and commissions
,
Accrued taxes other than income taxes.
$0.58
Burton-Dixie^ Corp.—Earnings^—
;
6 Months Ended
Net
May 31—
earnings after
Earns,
per
167,
share
p.
-
1948
1039.
206,947
.
1947
$496,554
V
all charges
on
$501,267
shares
$2.40
-
$2.42
.V
-
Investing Corp.—18-Cent Distribution—
payable
was
a
total of $1,496,850,
30, 1948, as compared with
liabilities totalled $18,743,202,
Total
and reserves.—V. 167, p. 2252..
dividends
cents and
or a
June
on
Sell., gen. and admin, expense
1948
1,381.188
■■
1,381,182
have. declared
stock
payment
$6,-
,<
stock,
Current
1947.
Total
—V.
Broad Street
30,
Rent
months
Bristol-Myers Co. (& Subs.)—EarningsPeriod End. June 30—
Com.
$46,628,153
were
June
$27,884,951,
was
Cost
$4.04
.
taxes
share
per
"
•
common
,103,474
'
in-
Net
share of
per
55,071
73,089
$2,906,701
income
were
$4,012,333
(net).:
taxes
1948
Expenses paid in advance_w-*-^-wr-'-—'•: 1.609,052
Other asset*
1,655,203
$2,257,747
ex¬
and its
the corresponding period in
earnings of foreign subsid¬
for
were
Earned per common share^.___,
$2,856,132
opers—
expan¬
separate $200,000 7T920-square-foot
laboratory building, a vital
part of the Pesco project, Is already under
construction adjacent to
the site of the new factory building.—v.
167, p. 2463.
assets
Social security,
Depreciation
1946
1.947.700
—____
$2,657,382
$1,024,869
Balance surplus
1,054,000
Federal
,
manufacturing fields, as well as the increasing require¬
ments of the new
70-group air force, dictated the need for an efficient
new
factory
company officials said.
PescoV production volume has
been quadrupled since WJ
Day.
A
profit
Wisconsin
con¬
1
proper.
earnings,
tether miscellanequgr Jnc<^e__—,
$116,006,757 $94,870,543 $49.654,776
5,242,703 ^-3,116,995
♦SM.ISS
chgs
earnings for the first s'x months of
37.593
Federal
1947
the
to
$50,099,740, as compared with $30,-
the per.od was
;' 6,398
discts., interest
come
company's
one-story brick-and-steel plant is expected to be
completed by
May
when Pesco's equipment will be moved from its
present
Euclid
and
preferred
Tlie
11610
per
NOTE—Provision
219.900-square-foot factory
rapidly expanding Pesco Products Division.
at
taxes
outstanding
share-
other inc.
Net
High precision aircraft parts—indispensable to the
nation's speededProgram—will be developed and
manufactured in a new
combined production plant and
research laboratory on
a
35-acre sLe adjacent to
Cleveland, Ohio, it was revealed on Sept. 10.
several
after
United States
paid during the first six months of 1948, the same rate as for the
Established
for
the
$50,099,740
accrued payrolls.1
withholding tax,
reserve
in
resources
:
*
Briggs & Stratton Corp.—Earnings— '
$2,650,000
sion in
$82,579;
1948
shares
Period End, June 30—
income, 1948
$20,870,610;
deferred
3%%
profit
Net profit from
To Build New Factory—
location
taxes,
to
$5,360,000 since June 30, 1947.
sales and service activities of Eurroughs
net
these
Inventories
•
next
accrued
incurring
Int. on U. S. it foreign govt, securities
!
stocks'
and capital
stock reac¬
cost, DrU,295,436; total, $156,722,491.
tin fljo
a
,J':
carry out its
long-term debt,
however,
without
from
cimpared with
as
Products
300,000
i:$i.52
•
!
,
CONSOLIDATED INCOME ACCOUNT
150,000
$3.04
h-i
194^
SHEET, JUNE 36,
•After giving effect to $6,600,000
supplies,
$46,947,224;
wir^iie
rin common stock, $12,309,620; paid-in
2HS5'.„iliJ?'?°l earned surPlus- 564,957.225; capital
quired and held in treasury— at
of
miscellaneous
expected,
compared with $12,512,582 last year.
income
Earnings
$222 770*
°r, >'ears and for renegotiation 1945,
ni<?' $99<917: reserve against price decline in inventories,
ro^rye for contingencies. $3,915,290; reserve for warran-
m!,'
t$3.01.
„
etc.—
funds available from current earnings,
use
cash
its
on
than
be
program
6 Months Ended June 30—
other
on
Capital
employees'
44e?nrtSnon
$4.500,000,.
struction
Ai BALANCE
'
$15,100,000"
receivable,
$3,361,907;
accrued payroll!, $19,580,378; provision
and
Pr
purposes,
' v'
Six Months Ended June 30—
United
($100,000),
draw
300,000
$456,656
224.941
outstdhdihgXl.liii-^'fH ^450,000 1^ 450,000
Sales
iS33'517-557; PrePayments and deferred charges,4
'
amortization, $389,462; goodwill, $1; total,
LIABILITIES—Accounts
*
$904,107; inventories, $4,237,261;
of prior years taxes on income,
of 1948, Burroughs continued its expan-.,
with resulting record unit production
to
v/as
this
in'1947.
(Including Domestic Subsidiaries)
notes of other companies and miscellaneous investments!
Property, plant and equipment (less reserve for deprecia-
«4 777 fisn
as
Briggs Manufacturing Co.—Earnings—
1948
$27,113,668;
accounts
less
30,
$24,966,297;
bonds
reserve,
and
receivable,
finished
JUNE
to
income
$37,568,794
$0.76
administrative and selling expenses, but
Federal taxes and sundry charges.
BALANCE
Dominion
990,000
»
hand,
on
corresponding period of 1947.
(est.) (less U. S. tax notes, at cost, of $1,050,000),
reserve
for
contingencies, $50,000;
reserve
for
inventory
valuation, $100,000; capital stock ($5 par), $2,250,000; earned surplus,
$6,475,108; total, $10,316,300.—V. 168, p. 147.
1,914 800
depreciation,
banks
—
As
Dividends of 30c
$756,656
.$1{369,823 '
on
*
program
had not only to
more
Of
were
$645,738;
receivable—customers,
officers
Other
in
850,000
$1,357,187
225,000
JUNE 30,^4848
iaries during the first half of 1948, as compared with $749,485 earned
by foreign subsidiaries for the first half of ,1947.
On June 30, 1948, cash and securities available in the United States
to carry on daily transactions totalled $6,330,506, as
compared with
.
customers,
$102,523;
$6.10
CONSOLIDATED
ASSETS—Ca-h
(est.)
LIABILITIES—Accounts payable, trade. $373,002;
$237,351;
employees'
savings
bond
purchases and
9,999,606
x.—
of factory,
of
declared
$200,768;
550,550
share
per
1947.
in banks and on hand, $2,016,608; accounts
receiv¬
$2,013,920; inventories, $2,708,397; deferred charges,
assets, $228,812; property accounts, at cost (less re¬
serve
for depreciation of $1,588,073), $3,147,794;
patents, at nominal
amount, $1; total, $10,316,300.
.
able,
512,968
14,587,832
outstanding
of
604,781,
ASSETS—Cash
3,898,439
583,917
8,924,217
(all companies)
shores
income
on
—-
-
taxes
Common
taxes
profit..-^,
six- months
financing
Consolidated
43,687
$2,359,823
*Loss
$1,013,604; U. S. Govt, secu¬
$218,727; accounts receivable (less reserve foc;
and
$11,635,249 on June 30 a year ago.
$2,207,187
Nil
.
taxes
or deficit.
'"
subsidiaries during
$712,969
30,709
276,'OOp
-
Federal
years
loss.
.*$347,553
'
:
098,528 for the 6ame period last year.
302,333
120,720
,
prior
of
*$89,562
278,000
Nil
..
insurance,
volume.
of
Total
1948
r-
1,598,668
—
$2,329,114
38,324
—
Earnings per share___^.^
25,661,268
and
tent
1946
161,877,865 131,504,956
25,072,887
17,371,515
588,381
366,817
137,648
$91,813
276,000
$0 33
of operating
banks
in
value
improvement
but also
1946/
$2,168,863
income
Capital, shares
1947
^
—_—
income—:—
Depreciation
Discts.
—
—
1948
sales
$1,136,022
;
for Fed.
Net
'*
.*
Sales, less returns and allowances—
Other
'
1947
*$71,553
276,000
f$59,562
$91,813
*
BALANCE 8HEET,,
1475,
16,
147.
Borg-Warner Corp. (& Subs.)—Earnings—
Ended
and
Current
cents
Jan.
on
«
portion
carry-back
prepaid
the company
J
i
405,710
155,150
Lm
Other income
Dividend
/Six Months
to
current
and
„
'-'«•»
-
at
policy
1038.
p.
25
holders
*1
'
$2,833,580
-
Operating profit
The
refundable
>During the first
the
$2,729,724
Selling, general and admin, exps...
Depreciation
(George W.) Borg Corp.—Increases Quarterly Div»—
per
'
'
X
'
yl; J..—---
due
sion
prov.
;
+$464,553
—V
Cr518,000
Burroughs Adding Machine Co.—-Expansion,
John S. Coleman, President, says in part:
the
of
treatment
938.
1948
before
profit on sales
depreciation
for
under
cost-plus-a-fixed-fee
contracts;,
additional B-5Qs for which the company has
with manufacture,—V.
Under
class.
better
p.
168,
6 Months Ended June 30—
Gross
fees
proceed
^-1-
—V. 166, p.
V
M Bower Roller Bearing Co.—Earnings—
LI
1,082,454
share
plan is
of each
holders
preferred ^to"k should be perm'ti^d "to retain a substantial portion
of
the priority, both as to
dividends and assets, upon which they
Cr70,000
I
—_________—1,074,510
(Excludes
received
1
outstanding
common
c0^3
(Profit.
' t'j
,
so-called
a
7*
this
for
J$253,562
; ' LIABILITIES—Notes payable to bank*, current instalments, $200,000;
accounts payable, $208,436; customers' deposits, $63,975; accrued lia¬
bilities, $651,092; reserve for Federal taxes on income, $285,787; notes,
payable to banks
(payable in consecutive quarterly
instalments of'
$50,000 each), $500,000; reserve for past service benefits under em-,
ployees' retirement plan, $771,491; common capital stock (276,000 no
par shares), $1,051,125;
earned surplus, $6,754,777; total, $10,486,683.
common
the
3uch
the
of
new
of
?$494,887
30,334
taxes, "etc.,
$149,298; land, buildings,
machinery and equipment, at cost (less reserves for depreciation ol
$3,894,800), $3,705,585; patents, drawings, jigs, d;es, etc., at nominalvalue, $1; total, $10,486,683.
prior preference stock is being sponsored by Walter J, Connolly &
Co., Inc., of Boston, on the ground that the holders of the prior
5,720
I
)
.
.
'
of
terms
before
1
.
class
one
under
approval
719,828
Crl64,000
profit
$258,100;
orig'nal plan the holders of all classes of stock in the 3. & M. would
receive
common
shares,
with
77%
of
the proposed
new
common
stock being allocated to the prior-preference holders.
Accrued divi¬
dends on the prior preferred stock, which is $100 par value, amount
10,537,268
38,254,595
incomeli-.^—.
Income
\
•37,062,578
_________
for
classes
to
33,315$151,313
bad debts, allowances, etc., of $27,842),
claims against U. S. Govt, lor refund
Further opphsit.'brris developing to the reorganization of the road
under the Mahaffie Act,
and a group of holders of the 7%
prior
preference stock 1s being formedv to work out a plan which would
June 301——.--.—..U307,715,647 226,557,11?
Sales
Costs
eight
requires
*"
——
refund
rities
$164,759
are
which
5,201,025
t$271.907
18,345
less, charges—;
ASSETS—Cash
471,156
'
;
affected.
class
1947
J
••
the
of
changes
Act,
$5,425,966
672,089
$118,498
—
Income
income
Road's Plan to Reclassify Stock—
Opposition to Reorganization Plan—
...1940
.
' ;v
••
Unfilled orders,
i
$7,489,483; capital surplus, $2,total, $21,853,152.—V. 167, p. 2686.
Boeing Airplane Co, .(& Subs.)—Earnings—
V
These
submitted
share),
per
Six-Months Ended June 30-—
/
stock'.
provision for taxes, $21,673; com¬
$9,729,794;
profit
.1946
073,251
94,759
and admin, expenses, etc.
retir. plan.
empl.
+'Estimated
classes
conversion
LIABILITIES—Note rajable to bank (2Vi % ), due Oct. 1, 1953, $2,325,000; due to brokers for securities purchased, $30,635; accounts pay¬
-
1947
$5,003,387
4.603,205
—
scheduled
has
ICC
modify
*
1948
$4,412,028
'
Surplus W j?eriodii i—■_—I_
Common shares outstanding——*_
Earnings per common share
a
hearing for Nov. 2 on the road's plan to
of outstanding capital stock.
^ V
The road has proposed the reclassification of tae capital stock and
(market
cost
average
President of Lukens Steel Co.,
both boards.—V. 167, p. 2463. ;
"
Dividends
$4,495,828' $3,859,066
2,088,010
2,097,887
on
V
Richard
Wolcott,
Federal income taxes—-—60.000
$471,373
306,614
J
Hearing Nov. 2
W.
and The
Co.
Iron
3.525.520
income,
Total
,
settlement
for
Other
.8771,153
301,723
etc—
;
Lukens Steel Co., has been
Brooke
G.
sales
Operating
$469,430
interest,
income
'
Robert
&
Bullard Co.—Earnings—
gen.
^ $3,963,52r $3,387,910
$401,981
78,616
$3.05
'
-
220,760 >-l'
9,712
$692,537
■
•
income
Gross
ASSETS—Cash, $1,390,584; United States Government securities—
cost, $4,116,210; dividends and accounts receivable and interest ac¬
crued, $57,261; cue from brokers for securities sola, $3,009;-receivable
Income-
oper.
income
Rentals,
at
in
of
Prov.
(exclusive
4,627,513
2,529.516
224,247
E.
'
Sell.,
sold,
1048—7'lkbiiJ-—i&7
617,528
/
succeed
sales
Cost
$6,695,976 $54,251,704 $47,681,697
5,442,508
37,618,526
42,910,394
.
5,945,098
748,203
Tne
6 Months Ended June 30—
-
-
1
'
$31,807,332;/
1948),
"
1948—Month—1947
*
rents
-Net ry.
Other
$0.04
,
!n 1947 and $2,721,460 in 1946,
SHEET
stock
216,877
$2.81
of
;
7,489,483 common shares outstanding.
BALANCE
value
par
RR«—Earnings—
expenses
rents
amounted
which
$1
outstanding
168, p. 247.
——1_
Equip,
336,165
$0.06
$0.06
of
trcsurvi
to
.$661,986
.
210,000
;
.
_
in
Co.
Net
brokers for
from
216,877
$5.04
216,877
Spackman, Vice-President of
director
a
(The)
capital
for
664,072
••
who had resigned as a member of
expenses,
revenues.
Taxes
44,838
$581,925
sh-T»s
Operating
Operating
125,788
29,672
receivable
outstanding
share
743. '
Donald
Ore
1948
receivable
$91,045;
$44,003;
Period End. July 31—
Jt.
♦Net Income
G.
market),
receivable,
Boston & Maine
.
119,329
120,297
26,859
—
JULY 31,
1,093,165
609,123
(E. & G.) Brooke Iron Co.—New Director—
„
elected
Net
143,201
'
•
SHEET,
(at
shares
1,656,985
on
600
$554,059
90,262
interest
tctal, $32,224,942.—V.
.• >■■■:
$608,334
-
-Total
Expenses
1946
1947
1948
shares
per
p.
to
/V'-
$1,045; accrued taxe3 (other than
Federal income tax), $5,022^.payable to brokers for investment secu¬
rities
purchased,
$134,985;
payable for
capital
stock
repurchased,
$11,637; dividend payable, $264,921; net assets (equal to $19.20 per
,
$481,828
__—i——
Cash dhldends
and
LIABILITIES—Accrued
share
Corp.—Earnings—
stock
securities
sold,
total, $32,224,942.
$29,269;
..
Blue Ridge
amounted
cost)
average
"regulated
investment
company,"
and
Federal income taxes has been made,
investment
$1.81
•After preferred
dividend requirements,
tAdjusted to give effect'
to 2-for-l split in August, 1946.
tAfter charges and Federal taxes.—
•Earns,
of
$18,926,143; preferred stock
(at market), $3,642,525; corporate bonds (at market), $5,197,250; U. S.
Govt, bonds (at market), $3,902,656; cash on demand deposit, $392,051;
$622,000
—
investments.
basis
as
for
BALANCE
,
Inc.—Earnings—
shares outstand.ng
the
on
provision
no
ASSETS—Common
^
1948
Common
"
U
1946
$9,363,687
$10,835,826 $12,543,635
__i
income
—V. 167,
264,921
207,251
WRealized net gains on
r«._-
therefore
The stock, to be offered at $4.25 per
share, is being sold by Dardi & Co.—V. 168, p. 938.
6 Mos. End. June 30—
Net
1947
1948"
■
Sales
,$228,063
$296,793
San Francisco,
Bliss & Laughlin,
—
in 1948 and $253,945 in 1S47.
$302,523
of
Co.,
'.13,626
41,533
income
•Exclusive ol
letter of notification was filed with the SEC
common
stock (par $1).
Underwriter,
a
shares
——
—
investments
15,000
Income—
6 Months Ended June 30—
1947
;
$271,284
-11,981
31,240
n
Earnings
•Net
York—Filing With SEC—
Blair Holdings Corp., New
California
interest
Management
:«<v^
;
and
1948
$352,002
:•
Expenses
Brockway Motor Co., Inc.—Earnings—
—
-
31—-i":'•
July
Monday, September 20, 1948
.
*'
made
was
dividend
a
Oct.
1
to
of
holders
18
of
cents "per
record
share
Sept.
23.
Butler Brothers, Chicago—August Sales Up 46.3%—
' 1948—Month—1947
1948—8 Mos.-r-1947
on
Period End. Aug. 31—
A
;
"
on
April
paid
in
1
and
the
special of 50 cents
on
July
year
Dec.
1,
1947,
this
year.
including
24.—V.
168
p.
a
final
739.
"
•••'
\
A total
Consolidated
—V.
sales
-
168, pp. 643 and 247.
$
•
;
14,381,954
J
;
$
10,174,248 100,817,894
/;r
-Ve
83,555,120
Volume 168
Number
Water
California
;SEC--ft/:
The
&
-
-/ft'
Sept. 9 filed a registration statement with the
SEC covering 12,800 shares of common stock
(par $25).
The stock
v/:il be sold to the public (without underwriting) at $23 per share
and
the proceeds used
to finance company's construction program.
—V. 168, p. 342.
,
'
company
on
Cloud
Calumet & Hecla Consolidated Copper Co.—To Con¬
v
will
directors
payable
this
about
sidered
^
highly
took no action on the dividend ordinarily
on
the capital stock, because it was con¬
time
important to continue
President, stfid in
Lndicott R. Lovell,
stockholders.
Simir iar action
was
taken three months
June payment.
On
•llarch
19, last,
a
distribution of 10 cents per share was made.
Dividends in 1947 were paid as follows: March 20, 10 cents; June
*16 and Sept. 23, 15 cents each; and Dec. 26, 20 cents.
'ft/ft
Mr. Lovell said the management is mindful of the fact that sharetolders
are
concerned
about
the temporary cessation of dividend
letter to
ago
6n the
payments.
tually
to make
it is impossible
Although
Lovell said
working
capital,
ft .;
..
.
<i
..
.......
..
-
.
'/•ft..
_
obsolete
worncut
and
stockholders
The
rehabilitation
rati
because of
Expenses,
5,719
329
moving
equipment
ahead,
and building materials.
Net
incrine
___ii
1,981
8,126
Income —Divs.
profit
$175,377
93,541
$86,121
$81,836
•<ft;, ift " i (
♦.investments
.ft/ 56,536
440,231 ft
150,542
Frov.
completing 'the
nates
substantially exceed original estiftftftftftftw.'/ /ft",ftftftft;ft:ft. ft,ft ■; ft /.ft' ft ft- ftft; ft-' ft ft- ■ -ft- '/ft,
'
will
program
Net
COMPARATIVE INCOME ACCOUNT
,
/
Six Months Ended June 30—
*
.
1947
'
:
products
Production costs
t
Depreciation
—ft—
~—*—
$13,365,980 $13,307,307
10,822,619
9,873,907
336,091
489,084
„——_______________—
depletion
and
'
felling,; delivery, admin, an^ .corporate, taxesuu.
1,291,419
1,184,867.
$935,851
82,639
;
$1,759,049
Other
income
ft': ftftv •
,*<:.'ft
Total
"Z
Other
.
'<
income
charges
—
ainon ■ Assets
'
/'./ft ft/' -'.ft
•
•*.
.
—
tax
-0 s •
r/r'!v.'/V';'-ft-* i*
Vv
:
income
•'
235,000
J./ ,'fi
i ■
«■
ftft':
Net gaincarried to earned surplusCapital shares outstanding—
VF>rnings per share
—V. 168, p. 542.
1
.
i.«
-
■ ■
-
.
market
on
share
a
on
June 30 of last year,
ft/"ft.;-
,-ftft;
(;
Canada Dry Ginger Ale, Inc.—New Treasurer—
James
A.
asset
Grelg,
formerly
i
v
••
'
'
With SEC—
•
..
Capita! Airlines, Inc.—Mferger Possibilities-—
James Carmichaei, President,
said this company has merger possi-MUties with three other airlines but "no conclusions have been reached
nd
nothing is in sight."
The
company
with
Carmichaei
which
He
named
struction
National
Braniff,
Delta
and
Capital has conducted "informal discussions."
felt consolidation of Capital with one or
program
or
might result in more economical operation.
that
V, 168,
the discussions
ever,
He
the
6 Months Ended
ft
;
;
j
Income
v
Carpenter Paper Co.—Subscription Rights—
The
and
•
ft'-
Federal
ockholders
f
-< more
id
r
holding 100
shares,
than
100
shares
shares or less to subscribe for 5 shares
share for each 20 or fraction thereof)
holding 200 shares or less, a maximum of
(more than 200 shares, a
4U shares or fraction- thereof);
In
the
?-om
•:
of
date
hares
that
event
stockholders
offer
for
offered
be
will
(company
the
to
others.
or
..ft. Net
do
not
entire
within
subscribe
the
shares
6,177
21
•-
1246' ^
vft
194^
with .the above plan for present
of the 4ft
convertible preferred
•f.r
shares
130,101
159,800
$411,887
privilege
ft
1946
1945
$475,015
75,013
119,442
13,303
■// '/
v>
$259,130
■'?
$194,355
if
the
shares
6,177
from
the
allocation
original
have
fully
been
tubscribed.
Upon expiration of the 21 day- period if there is not full subscript on by the stockholders, the
shares remaining unsubscribed will be
offered at $100 per share to selected employees and officers of the
•
company
and
f nancial
institutions
selected
to
educational
including
but
and
not
institut'ons
charitable
limited
banks
to
and
$8,165,261.
and
SALE
OF
COMMON
selected
pany
by
the
STOCK—Officers and
President
and
employees
approved
the
by
com¬
direc¬
of
tors, under a prospectus dated' May 26, 1947, in order to afford them
opportunity to Invest in its securities, were offered the right by
the
company
to
subscribe
for
an
aggregate
of
10,000 shares
of
tornmon stock at $45 per share.
The duration of the offer is until the
10,000 "shares have been sold or two years from the date of the
prospectus, whichever is the earlier. The board of directors made no
rn
definite
allocation
present
and
the
lirm
commitment
V>
remainder
Sales
26,
to
not
continue
to
the
number
sell
the
sale
78,807
of
other
be
offered,
shares to
3,500
than
officers.
-/ft The
but its
officers
There
was
no
gage
to
net
6,177
data.
It is
the
intention
the
of
to
be
be
received
preferred
received
shares of
the
by
stock
by
the
stock
common
front
company
estimated
are
from
added
to
and
become
part
a
of
the
the
,'v,
at
/
$750,000 for
the succeeding
AS
OF
JUNE
12
30,
months.
:
'
-
convert,
pfd.
stock
stock
(par
(par
$100)™:;
V
//
1947-
,
93.091
$6,573,353
91,285
$7,550,296
—
$6^64 638
.ft 351,853 ft
3,217,755
.-
allowed
disct.
and
expense,
i'297,031
2,886,545
29,495
23,340
500,000
1,502,000
1,314,000
$2,449 193
5,176,294
$1,643,722
8,162,466
$7,625,487
$9,806,188
—.-a-
Dec.
31_.
taxes
;
—
.ft
dividends
surplus,
shares
June
30ft_ft^______ft-_ft_»ft-^'
BALANCE
barks
44,815
^
356,424
and
on
$7,105,440
$4,825,304
475,232
ft' ft-, $5.06
outstanding
share.
common
in
•
475,232
_—_ft^rftft-'.—--
CONSOLIDATED
net
44,815
.
dividends
Earned
475,232
$3.36
SHEET, JUNE 30,
hand,
$5,361,880;
1948
accounts receiv¬
$5,046,901;
inventories, $12,036,086;
investment
(net)
in
Co'. (100% owned), $5,469; land, building?, machinery,
Land
etc., at cost
$11,307,380),
$29,131,159.
(less reserve for depreciation and special amortization of
$6,629,827; prepaid insurance and taxes, $50,*986; total,
LIABILITIES—Notes
payable to banks, $175,000; accounts payable
$4,009,046; taxes, etc., accrued; $331,825;
reserve
for
on income,
$2,865,112; deferred income, $469,341; notes
payable to banks, maturing in ten equal semi-annual instalments
beginning May l, 1949 (less amount transferred to current liabilities,
$175,000), $1,575,000; reserve for possible future inventory price de¬
cline, $1,000,000; preferred 5% cumulative preferred stock ($100 par
value), $1,902,700; common stock ($20 par value), $9,993,520; earned
surplus, $7,105,440; preferred treasury stock, at par (acquired at cost
of
$108,660), Br$110,100;
common
treasury ; stock,
at cost
(24,444
shases), $185,725; total, $29.131.159.—V. 168, p. 644;
1
6 Mos. End. June 30—
Net operating,
for
Prov.
and
payroll,
Federal
<
taxes
profit
Federal
———
•
^
1
-
1948 "
ft, $439,672
ft
Cleveland-Cliffs Iron Co.
.1945
1947
y
1946
$265,147
$362,861
$251,573
/ 142,000
100,000
CONSOL.
taxes
465,000
-
100,000
;
Total
'Com.
•
Outstanding
$165,147
$220,861
ft'v.-
shrs.
par)
122,156 shs.
t210,942 shs.
$274,672 ft
profit
Net
outstdg. (no
—ft-—200 000
Earns, per share-.
200 000,
ft/ft ft ft
•
200 000
$0.82
$151,573
FOR
THE
(& Subs.)—Earnings—
3
MONTHS
_^___^_ft
ENDED
—--ft-
;' ...ft
30,-1948
JUNE
$3,638,108'
——
income
Total
*553,988
—r
$4,192,096
Interest on long-term debt
._Z_____™______-_-__;.-____
29,500
Provisions for depletion, depreciation and amortization.572,187
Provision for Federal income taxes (est.)
—
799,000
"Adjustments fbr prior years Federal income taxes—^ 4^3
r.
100.000
.
$1.10
EARNINGS
income
Dividend
ftftft
15,979 shs.
1948
ft—_—
.ft,
selling
Earnings per
trustee on Sept. 13 was directed by Federal
N. J., to pay $4,772,000 in Interest for
1940 and 1941 on the company's 4% and 5% general mort¬
bonds.
Oct. 25 has been fixed as the date of payment of this
(est.)
fl.OCO.OOO shs.
$1)_
,
(Including Century Factors, Inc.)
.
.
ftfts //ft/ft/ /./■;
$7,457,205
—
income
surplus,
Common
able,
Century Ribbon Mills, Inc. (& Subs.)—Earnings—
-
■
I
'
Authorized
.
4%-
Common
1943
$
*
ft
depreciation
before
Total
CAPITALIZATION (GIVING EFFECT TO PRESENT OEFERING)
"
1947
(& Subs.)—Earnings—
profit
Common
reorganization
gen¬
replacement
existing
buildings
aggregate
shares outstanding.
for Federal income
Preferred
$533,067;
at
'
company. >
• ft:--1:,.-'-. ;
'ft Presently
budgeted expenditures for new equipment,
Of- equipment,
and
alteration
and
additions
to
>
Net
Earned
the
estimated
are
and class A
reserve
Provision
-
company
ft ft"
g
159,748,049 146,566,401
:.w:
ift4,607,467
4,578,587
——$2.73
$2.71
paid and sundry expense
Inventory
Application for the disbursement was made by a group of bondholders and opposed by Bayonne, N. J., which asserted that it had a
claim of $100,000 against the railroad.
: ftftft ftftftftftftftft:ftftft/ft Meanwhile the New Jersey P. U. Commission and the Interstate
Commerce
Commission adjourned their Joint hearing on the road's
request for an .increase in commutation rates until Oct. 11.—V. 168,
company
' '
1
and
Interest
*
until May 26,
1949, or until
sold, whichever date is the earlier.
proceeds to
shares of
profit
Admin,
ft.
employees
are
'1948
: ..ft*ft;'
share
per
Depreciation
*
that
ft.
MONTHS ENDED JULY 31
'v
$89,959
$184,835
years
interest.
•
12
"
"
6 Months Ended June 30—
Judge Guy L. Fake In Newark,
the
FOR THE
'"
ASSETS—Cash
the 10,000 shares of common stock offered.
employees under a prospectus dated May
2.927 shares at
June
30. 1948, leaving 7,073
The net proceeds
rale of the remaining 7,073
$318,285.
'
The net proceeds will be
eral' -funds
to
than
-
common
Gross
J
.
taxes,
.ft;.-,.ft
outstanding.
profit
Buchanan
take
$592,603.
•
shares
of
more
income
$1.06
shares
Clark Equipment Co.
24,348
in
.'
* -
'
$1.03
$0.37
V. 168, p. 740.
'ft.//;/'. ft.ft//; /■•.,;ft:.ft"'";-ft-ftftftft' v"ft-ftv-ftft.ft,"ft'
Central RR. of New Jersey—Interest Ordered—
and
offer
the
of
not
employees
remaining 7,073 shares
PURPOSE—The
.
the
to
aggregated
yet sold at
1947,
the
to
officers
to
shares
of
is
intention
hand and
1,288,401
$0.31
ft
1,803,819
It was announced on Sept. 15, has borrowed $1,500,000
two banks for 90 days at 2V£%.
.Proceeds were applied-to'a
deposit made under an agreement for the purchase- of (he*, stock'of
Wise, Smith & Co., Inc.
The company estimates that an additional
$150,000 to $200,000 will be necessary to complete the purchase.—
other taxes, $49,693;
accounts payable, $1,444; trust deed note payable to the Connecticut
Mutual
Life
Insurance
Co.
of
Hartford, Conn., $770,000; deferred
rental income, $36,180; reserve for contingencies, $175,000; stated cap¬
ital (292,815 chares), $5,775,300; capital stock assessments, $234,252;
surplus (Including $400,000 arising from revaluation of land), $927,179;
dividends paid, Dr$336,737; total, $8.165,381.—V. 168, p. 147.
insur-
the
of
board
.
on
400,000
1,288,401
Borrows from Banks-—
BALANCE SHEET, JUNE 30,-4948
LIABILITIES—Federal
^.ttce^companie8.(ftft;;ft-'(ft
<
ASSETS—Ck'-h
400,000
1,288,401
The company,
201,420
84,273
120,310
63,170
531,635
400,000
1,735,924
400,000
from
$195,864
-ft.
ft " 75,351
19,762
105.216
61,645
1948—6 Mos.—1947
1,288,401
class A
and
Total
to
1948,
NOTE—Operations of Richard Store Co. of Miami, Fla., are included
for the period from Aug. 23, 1946.
168,435
$478,199
138,427
income
on
amort._i__
and
629,301
sales—
Net
: 410,003
$424,125
1947
$496,355
8,707
1948—3 Mos.—1947
ft'.'ft :".' ft/ ;:V-V;
ft
,
Net
banks, sr.5,518; accounts receivable,
-rental, $155,582; Treasury tax noteft.(at cost, plus accrued interest),
ft $585,276; other U. S. Government obligations (at cost, plus accrued
interest), $402,854; cash surrender Value of life insurance policies,
$121,596; land (at valuation fixed by officers of the company as of
Dec. 31, 1924, plus subsequent additions at cost), $2,413,007; building
and equipment, furniture, fixtures and improvements (less reserve for
depreciation of $6*610,780), $4,291,601; deferred charges, $93,943; total,
stock, they are offered
purchase aadit:cnal shares in execss of their alloca¬
tion determined above.
Such offers to purchase will not be considered
the
..
1,
$34,521,474 $32,235,019 $72,425,893 $67,433,760
share
per
*
.,147,913
49,671
242,966
-!
97,032
Income—-----
Net
n
1
July
taxes,
outstdg—
Miscellaneous
stockholders to subscribe
payable
'
,
Coincident
stock,
tax,
$971,537
449,987
.
40,800
^ 266,274
1948
——
Beprec.
1. Iders must be made within 21 days from date of the offer.
Sept. 1,
.1948 Is the record date from which will be determined the stockhhidets to which ' the offer is to be made.
'
:
;
*
*f
preferred
on
income
CONSOLIDATED EARNINGS
.
$1,040,988
203,376
30,675
$564,941
:
Federal taxes
remaining
key employees and officers of the
subscriptions to shares * offered to stock-
$1,024,006
ft;
ft $430,129
income,—
Interest
certain
The
shs.
common
♦On
1947
ft
128,401
amort-—
and
Expenses
days
$45.35
—
♦On
Corp^-Earnings^
" 294,675
income
taxes on
3 Mos. Ended June 30—
J
*
$201,568
$55.05
after
profit
♦Earnings
and may be applied In part for its own con¬
for other general corporate purposes.—V. 166,
-''V/ft'-.: ■ /'A ft;
Income.
maximum of one share for each
-
,,
$157,565
$74.07
City Stores Co. (& Subs.)—Earnings—
Common
•—21,214
—
Deprec.
one
stockholders
common
five
preferred
$10,269
and minority interest
Class A shares outstdg—
-
-
Interest
stockholders are offered the privilege
<1o subscribe at $98 per share to 6,177 shares of 4ft
convertible pre1 rred stock (par $100).
The plan of allocation■ will entitle preferred
common
$2,011
$74.01
Period End. July 31—
sales
Net
.
Co., Lincoln, Neb.—Registers
•
Jurtp 30—
1940
'* !
<t1
HI
$1,122,583
188.167
Expenses
•
;
:
Central Investment
stressed, how¬
informal stage.
surp._
Federal
♦Earnings
more
525,000
6,600,000
,
■'
1039.
p.
not gone beyond
had
ft,ft/':-
1148..;-
p.
/ft/"*
other
said, he
rirlines
airlines
the
as
525,000
8,100,000
$1,408,346 ; 7%
cumulative non-voting
preferred stock
(par value $100 per share),
$15,000,000;
common
stock (par value $100 per share), $15,000,000; earned surplus, $20,620,809; total, $52,291,655.—V. 166, p. 463.
on
*
Mr.
Gas
&
'
telephone subsidiaries
'
525,000
11,100,000
LIABILITIES—Dividend
$262,500;
Sept. 9 filed a registration statement with the SEC
covering 30,000 shares of $2.50 cumulative convertib'e preferred stock;
(stated value $50 per share).
Underwriters are Paine, Webber, Jackson
& Curtis and Stone &-Webster Securities Corp.
Proceeds may be used
in- making
additional investments in common stock equities of its'
..
•
s
Electric
Central
Assistant;
Treasurer, succeeding P. J. L'.ttlefield,
525,000
11,100,000
common
_
>
Treasurer,
has been elected
who will continue as Financial
Vce-Presldent.
Mr.
Greig will assume direction of the • accounting
operations of the company.—V, 168. p. 542,
'
!•
ftft.;vft-''/:?.$■ ■"ft 7■;>
/ft■•ft/vft/'ft ft''2? J?.■'-ft-V'-y.?
•
___
ASSETS—Cash, $615,045; U. S. Treasury notes—tax series C (at
cost), $1,080,000; investments in common stock of E. I. duPont
deNemours & Co., 3,049,800 shares, $44,659,257; General Motors Corp.
common
stock, 85,000 shares (at cost), $4,187,654; 7,210 shares of
Wilmington Trust Co. stock (at cost), $903,592; 7,460 shares of stock
of The News-Journal Co. (wholly-owned
subsidiary) (at Cost), $846,106; total, $52,291,655.
Net
ft
13,757
BALANCE-SHEET, JUNE 30, 1948
ft(^"-/ft
'ftv:'v--.ft->
$7,326,568
•
share—
Earns, per com.
71.05%
of the assets- of the corporation consisted
stocks at market on June 30, 1948 with largest holdings
petroleum group. "Preferred stocks comprised 15.10% of assets,
corporate bonds—5.23%. and U. S. Government bonds and cash—
8.62%.—V. 166, p. 2555.
•
of
$11,627,011 l$11,635,269 ' $8,782,655
v
—
Net increase in
quotations.
in the
.
,
amounts based
'487,000
703, OOQ
•
■
13,191
703,000
«.<
dividends
30,
Approximately
..
$1,371,734
2,068,270
$0.60
$487,011
2,068,270.
"
$0.24
at
56,300
$7,807,325
13,417
>531,000
tax_
-}■'■■-
•
dividends
$236,275
ft
30, 1948
$1,855,539
171,216
Cr435,411
" 748,000
236,479
—
"«old.ftft;.ft..ft—ft
Provision for' Federal
'
$1,013,490
--—
June
at
56,300
coverage for $1,000 of debentures outstanding on June
(excluding unamortized debenture financing costs) amounted
to
$4,378.
Interest
and
amortization
requirements on
debentures
outstanding
were
earned
2.96
times.
Net
Income
applicable
to
common stock
for the six months ended June 30,
1948, exclusive of
/'profits from sales of securities, was $90,016. ..ft;: /ft;./'■ ,i: ft'.:;ft
The
96,490
■/;
*-
securities
assets
$522,067
56,100
.*
8,547
Fed.
income
Common
$236,663
56,100
of
form
net
and $10.84
-
'
Operating income '-i---ft;
$146,552
3,130
»
$12,344,725 $12,351,430" $9,326,982
inc.
1
Preferred
1948, with securities valued at market
quotations, and before deduction of principal amount of outstanding
debentures, was $8,196,338 (excluding unamortized debenture financing
costs of $161,918).
This compares with total net assets of $7,725,595
on Dec. 31,
1947. Net asset value of the common stock was $11.27
a share on
June 30 compared with $10.43 a share on Dec. 31, 1947
ft Revenue from processing and selling metals and
metal
Total
profit-.
declared
the
*In
1948
1
.
operating
Dividends
1945
$7,807,325
14,714
for Fed.
Net
160',371 ft
1946
$9,918,435
—
than
i
"'..ft'
'1947
1
;
taxes
1
of.
other
Exps.
$75,904
»T ! V ""
notes
Income
Total
89,120
-
reed,
Treasury
1948
$12,344,725 $12,348,330
received
stock
on tf. 8.
common
Interest
$165,024
82,160
of
Costs
4,823
on
4,791
$168,301
$90,016
.
sales
on
$155,410
-
81-117
equipment
Christiana Securities Co.—Earnings—
6 Mos. End. June 30—
8,757
$171,134
etc.
income
Net
■
company's expansion
it is behind schedule
is
program
deliveries of
slow
Total
equitonent. he continued.
told that although the
were
•
• -
4,145
ft___ '
Inebme
.
$6,600,000
Tine ICC on Sept. 7 authorized the company to assume obligation
and liability, as guarantor, in respect of not exceeding $3,420,000 of
equipment trust certificates, series B,. to be issued by tne Harris Trust
& Savings Bank, as trustee, and sold at 99.253 and divs. in connec¬
tion with the procurement of certain equipment,*-^. Iu8, p. 969.
>.ft;:
ft,.
$151,741
6,753
distrib.
♦Taxable divs.
Misc.
Pacific RR^—Bids on
trust certificates,
series FF, will be received up to noon
(CST), Sept. 28, at Room 744,
Union Station Bldg., Cnicago,
Certiiicates wul be dated Oct. 1, 1948,and will mature $330,000 semi-annually April !, 1949-Oct. 1. 1958.—
V. 165, p. 939.
1945
1,500
Interest
earnings and permit resumption of dividends.
prices, the amount of money required to carry
the company's business is greater
than ever before, Mr. Lovell
laid.
He
added that
cash needed for ordinary inventory purposes
Is now about double prewar figures.
Furthermore, depreciation allowi nces
are
not
sufficient
to
finance
today's replacement eost of
of
'
$159,101
$166,660
purchase
Chicago Rock Island & Pacific RR.- -Equipment Trust
*
Dividends
the
&
Certificates—
;
,
1946
t
for
5
proceeds
the
ft
.
1947
1948
< n
'
said
General Corp.—]Earnings•t
Income—
inflated
of
to
Carriers &
improve
Because
added
be
> 6 Mos. End. June 30—
a prediction at this
activities should even¬
the company's expansion
corporation,
After-giving effdet io this, the net working capital of the corporation
will be in excess of $18,000,000.—V. 168, p. 739.
*
•
-
a
..
/vime, Mr.
the
of
Bids
be
will
cash,
the policy of conserving
President
,
the
on
Aug. 26
on
Wampler,
(1141)
Chicago Milwaukee St. Paul
Equipment Issue—/
used to retire the purchase money mortgage of $3,050,000
modern, 59-acre plant'located near Syracuse, rN. Y., bought
in 1947 from the War Assets Administration, and also $3,000,000 of
long-term bank loans* arranged in 1946.
Tne rema.nder of the loan
tinue Policy of Conserving Cash—Dividend Outlook—
The
FINANCIAL ~ CHRONICLE
/.Carrier Corp.—Notes Placed Privately—The corpora¬
tion, it was announced Sept. 16 has sold privately to the
Metropolitan Life Insurance Co. $7,500,000 3%% promis¬
sory note, due Sept. 1, 1963;
The loan was arranged
through Harriman-Ripley & Co. Inc., and Hemphill,
Noyes & Co.
With
Co.—Registers
/^
Telephone
; ;
^ \ ^ .ft
COMMERCIAL * &
THE
4735
♦$0.76
,
,
167,149
r
ierred
ferred
*-
f
v
*.
stock
shares
7.073
date
shares reserved for conversion
of
^Assuming issuance of all the
4ft
stock.
.
of
uow
of
offered
common
and
stock
May 26. 1947.—V. 168.
offered
p.
under
Net
ft ft -ft
.
taxes.—
and State income
v;^/ft;v::Vftft:;v^:'
:
>
-
I
1948
*
a:
shares-
4,010,026
-.1,642,757
scrap
"
ft
,
I
"ft CONSOLIDATED BALANCE SHEET, JUNE 30, 1948
Net. profit
Common shares
(1,560 shares)
ment
(after
at cost,
prices.—V. 167, p. 2463."
•
p,
2464.
;
^2,790 986
^2^69,386
$101
dividend income "from unconsolidated subsidiary.*
of subsidiaries
such-subsidiaries'amounted to
1948.
$401,350 for the period, of three months ended June 30,
r
surplus, $1,635,025; total, $8,513,448.—V. 167,
—_—.
-ft-——ft
NOTES—(1)- The company'^ proportion of"net' profit
Hot consolidated less" dividends paid by
ft'
»<.
r*:.LIABILrnES^Notes payable—banks; tl.TSOiOOOr accounts payable—
ft- trade creditors,: $177,424; due tor factorings depts.—manufacturers and
$2,298,071"
jobbers; $2,597,084;: accrued' wages, taxes; "commission (estimated),
360,000
$72,016; Fed: income tax, 1947, $116,900)prov* for'Fedftlfte. "tar Test:),'
: •
$6.38
$165,000; eoounoa stock. (200.000 share* of no par r value), $2,000,000;
.
♦Includes $40,294
$15,379; land, bulMing; machinery and equipdepreciation), $1,456,398;' investment in mill
reserve; for*
,
—_______________
outstanding.;...—_—
Earnings per commoa share——ft—^
isuperintendent's houses, *$1L78?? deferrtd"Cto»rges applicable to future
^operations, $158,738; total, $8,513,448.
*3,940,828
$1,553,783
»
360,006
; - $4.31
outstanding^.^-™.^.;
Earnings per common- share > ■
♦After $250,000 provision* for declinr in
-
1947
"2,563,809
taxes_-___^______
ft;
'
remaining
ft ft- ASSETS—Cash 4n- banks*and*on* hand, $627,023; accounts receivable,
original
v $3,697,001 i mortgage receivable* due 1948, $6,230; cash surrender value
^
;
of life
insurance, ' $130,60&; Inventories,
$2,410,263: treasury stock
*
ft
phifit.-
Common
pre¬ ft
$22,433,568 $23,980,059
.Profit befcre income
•"
the
ft (ft 'Giving effect to the 2-for-l spilt in May-, 1946.
pre-
of
prospectus With
843. -(V' /ft
•Net -sales
Federal
shares
assuming issuance of all
Carpenter Steel Co.—Earnings—
Years Ended June 30—*':-'"ft/
convertible
6,177
;
.
(2> "Total provisions for depletion, depreciation, and amortization
period: of three months ended June1 30,. 1948, were ,$718,971
(including cost depletion In * the amount qf; $1,456 applicable, to sales
of real estate' find' timber) of which the applicable amount of $145,329
.
for .the
"
.
surplus arising from
Federal income tax purposes.—V. 167,
was
eharged to
adjustment
p.
2683.
of
properties for
THE
(1142)
6
i
"after
profit
Net
$1 J,497,171 $18,159,490 $12,349,630
•',*
2-080.116
1.089,888
charges and taxes, v
outstandings;
shares
Common
Net
per
share.
common
«
,
S;;
Earnings
;■
taxe?_—$1,546,936
taxes*..——..—
share
common
per
;
°Based
,
tBased
1,005,894
on
1,005,582
on
no
no
6 Months Ended June 30—
after
income
taxes
J^48
outstanding^-—74d,8?i
share—
per
Tax*' Law,
1
*
•
Sales
01
sold, selling
and
Total
4
Prov.
Balance
1
Dec.
paid
expansion of sales activities, including en¬
largement of the Sales Service Department, follow the appointment
of Carl
Whiteman
as
General 8ales Manager last February,
R. E.
Clizbe, President and General Manager, pointed out.
The company
at
its
V.
168,
Clinton
plant.
Iowa,
and
1947
*
sales
of
and
dis-
3,562,652
$2,183,649
3,312,546
t
common
141,273
185,455
98,956
'
income
-
income
Income
'
prolits
195,746
2,180,000
161,793
-
income
—_
(
Preferred dividends ——.f—f—
Earnings
—V.
...
693,602
$5.09
:*•"
677,844
..
"In
;
,
The company has
.
its
of
about
or
The company
scription
each
'by
by
filed
V.
stoc.k
The
5.
the
at
rate
p.'1040.
j
of
share
one
-
of
stock
new
nuo.000
kw
EARNINGS
Sales
FOR
THE
—
sales and other
Selling,
MONTHS
6
administrative
ENDED
operating expense.'
and
general
■:■■■
—
Operating Income
.
Other
income
Total
TJ.
S.
—_
June
foreign
taxes
The
Steel
tNet income
,
1,
Surplus
Capital
ciation,
depletion
'
_
net
amortization
of.
$1,260,779.
CONSOLIDATED BALANCE SHEET, JUNE
30,
foo847,21.8'' noleS'
accounts
(338,418;
properties, plants
oeprcc.ation, depletion and
receivable,
etc.
equipment, at
and
LIABILITIES—Accounts
168,
earned
148.
p.
payable
and
1948 /f
*
cost
at
all
decrease
i
Output
ago.
occasioned
In
for
.
by
«JS!l0W«!!e are .the kilowatthoui*,.
and
weeks
output
percentage comparisons with last
•
WMkBndwlEept. 11
aVI
'
21
p.
940.
.
Subscriptions—
8tpt
stock
were
12.
•
week
four
iinc'r.
company
$1)
lor
from
12.2 *
<No. 7168) which
Commonwealth & Southern
The
of
this
weekly
kilowatt
corporation
servcd
307,419,848
in
as
is
*or
hour
adjusted
the
compared
output
to
general
ended
Sept.
300,015,559 for
3947/an Increase of 7,404,289
or
energy
which
business
9,
1948,
the
2.47%.—V.
'
Co.
with
New
v' V"V":
'■
'!
■
will
stock
well
as
as
merchandise.
Mandel
York,
'
'
of. Washington
of
'Sept;/7
on
elas3
Co.,
New
of
units
B
York
"is
r
first
the
of
\
,
N.
v, ■
Y„
has
been
noncumulative
3006.
p.
,1*
ap¬
preferred,
'J'
■
■;
;
v
-
.
<D. C.), Inc.—Files
With
letter of inotification with the SEC /
a
A
common
stock
and
shares- of
two
filed
cia»s
common
(10c
Washington.
class
A
and
reduce
stock "<$l
The
one
or
shares
share
pay
par)
and
Underwriter
par).
Manufacturers
of
to'
be
B
are
at
class
f
25,000
James
T.
offered
$3
-
per
in full present borrowings
Credit Corp.,
to reduce the present
provide additional working capital.
to
(Including
Net
com¬
current
Corp.—Earnings—
J
-
Wholly Owned Domestic Subsidiary)
/
1948
profit after charges
Class
A
cl.
outstdg
.
,
share
a
C,
June
on
30,
1946
'■ ■". • ,v
.
1945
/
;
..
$233,046
$179,854
187,913
187,913
187,913
$1.24
187,913
,
share,
A
$0.96
$0.89
r
$1.25
NOTE—Undeclared dividends
'
"
$235,756
shares
per
1947
'
'Z
taxes
and
$166,935 /
^
"
the class A stock amounted to $1.85
167, p. 2027.
on
1948.—V.
Cutlahy Packing Co.—Government Would Split Co.—
See
Armour &
Co.
above.—V.
168,
p.
£40.
Net
•
,
least
$20
share
a
will
stock
prior to
liquidate
Earnings
per
•After
to
in
of
The
additional
tq
458,158
ratio
share.
per
subscribe
seli
to
company
stockholders
$33
:
around
income
Calif.,
has
been
April
there
of
the
58
per
,
Texas.
'
•
,
field
and
The
will
named
contractor
months.
a
;
operators
field
in
consists
the
of
-
-
will
mail
.Sept.
handle
completion
of
9,
-s
><•
v
s
I
^
*•'"
-
"
operating
income
79,800,440
Costs, taxes, operating
and adnrin.) expenses J
Deplet, deprec., surren-
51,555,309
leases, and retire.
Intangible
55,453,190
•
;
in
i
>
~
* '
"of
*v
2,859,448
6,27,4,434
8,197,771
v
:
20,250,700
11,769,944
39,198,584
loadsi
which
adopted
was
method
Board
retroactive
on
Sept.
to
we
in
advocated
this
compensating
before
the
Civiii
Aeronautics
decision,
air
;
represents ip our opinion
carriers/for' thet transportation>
mail."
/
,
the
During
80%
7.013.7B3
income
Aeronautics
is
,
••
^
•
5,628,730
3,951,663
Civil
Delta
.
;
3,399,189
the
for
newly established /rate, the corporation' will also .show
a
profit for ' the two months of July, and August since trie end
*of the fiscal year, Mr. Wooiman. said.
;
,
/
'
4,595,242
air
and
Under
-
t
costs.
20,393,408
devel.
by
compensation
.
passenger
fair
158,845,147 102,355,110
f,
announced
PPPPPP'ii
of
1947,
'Board,
,*
36,87^135^405,174,358 ^-63,319489
was
basis
new
and is the first change since Delta's rates were reduced
abnormally
high
loads
oi
ourwartime
operations,"
Mr.
pointed. out.
"•••-'
yf; "The new rate," which Is permanent rather' than temporary, restores. %
Delta's
ma l
pay
per
mile to approximately
what it was in
1940.
.Costs
of
materials
and
labor
have
advanced
substantially
since
1940, but larger equipment, improved operating economies which have
been
effected/ and increased route miles have permitted a modest
profit in the face of rising costs, after adjustment of the mail rate.
"The
new
sliding scale formula
(which
changes
with variations
-
Gross
^
during
field,
,1948—6 >108.^-1947
'$
\l •*' J
Inc.—Earnings—
8.
Woolraan
the
which) was dis¬
the Ellenburger pool, in
1948—3 Mos.—1947
which
rate
"The
wells
,
depreciation, Federal taxes and all other charges.—
v
Delta Air Lines,
a
CONSOLIDATED INCbME ACCOUNT
V
interest,
—
C.
E.s Wootman, President and General Manager, said that the
corporation will show an operating prof't ol approximately S375,000
and a
net profit after taxes of $220,OOC
for the fiscal year ended
June
: 0,
1948. after adjustments are made to reflect Delia's new
.
natural gasq-
plant
have
and
J
outstanding——.
share—
common
V. 168, p. 249.
t
Inc.—Earnings—
•
not
pool,
Period End. June 30—
>
———
shares
t*After
will
shares
common
petroleum conservation
a
West
the
1940.. The
are
Crinoidal
$2.02
:
Earnings
share
stockholders
the operator of
as
Field,
at
S$2.08
Cushman's Sons,
Operate Texas Plant-—
has been selected
is to be erected as a part of
produced
?'
share
common
$150,000
Common
new
vC
■
414,000
inventory reserve.
£After $120,000 contingency re¬
serve. ;' SBefore
inventory reserve, the earnings per share are $2.44.
*—V, 166, p. 1477.
'
"
additional
one
1947
£$884,924
414.0001
—
28 Weeks Ended—
at
1948
*$908,248
outstanding
—
shares
15.
Nov.
at
income
Common
^
Inc.—Earnings—
Six Months Ended June 30—
,
ConsolidatedTWestern
producing from approximately 6,100 feet,
in which there are 30 wells producing from
approximately 5,600 ieet.
Twenty-three wells in the Ellenburger pool
and
16
wells in the Crinoidal pool are operated- by Continental Oil
Co.■■
'
■
■
■
;
and
Net
operating
Dividend
Other
income
income
on
Total
772,958
(net
£>rl_
sales
of
237,530
assets
income
Prov. for Fed.
income
common
103,930'(Ems
—
of
the
its
fiscal
ended
year
June
30
the
from pa&engers,
15%
from
from express and freight.—V.
revenue
•increase), and 5%
—
585.090
.
6,025
/
corporation
mail
derived
(including
the
168, p. 447.
700,237
* 141,180
■Sales
1,017,924
•Net profit——*.———*-**-—-—
»No. of shares outstdg
:
T
911,674
20,786,128
13,260,683
.5,700,000
3,650,000
Dewey & Almy Chehilcal Co. (& Subs.)-^Earnings—" /
883,041
245,954
Six Months Ended June 30—
'
39,335,671 .-•21,970,-389
(est.)__
Net
income
subsidiaries
conditions
of
amounted
to
corresponding
les
p. 1040 -
week
per
*After
5,800.000
15,086,128
9,610.683
28,935,671
4,823,458
4,747.155
4,823,458
share*
$3.13
$2.02
$6.00
per
167,
16,170,389
;
p.
*
•
1946 %
307,215
$1.03
:
/
•
/.
S0.91
including allowance for Federal, State and
$3.4o
1947,
2737.
./v,;'/'/::
foreign
1256.
>-:• ?
"■
;.•.Vit
efit
Life
Insurance
Co.,
in
p.
278,744
(Henry) Disston & Sons, Inc.—Private Financing—The
company has borrowed $3,500,000 from the Mutual Ben-
4,747,155
due April
1, 1963,. it
ments for
are
respectively.—V. 167,
$5,903,553
333,351
307,215
319,949.
share*-—$1,01
all charges,
taxes.—V.
'.r- •'
■
and
state oil
and
gasoline excise
taxes
are
not
operating charges and the amounts collected in respect
not included in gross
operating income. The amounts of
such taxes paid (or accrued)
during the above periods were $9,285,503
and $8,415,753 for the three months of
1948 and 1947, respectively;
$16,581,533 and $14,809,693 for the six months of 1943 and
thereto
1947
$7,061,259
322,258
"
10,900,000
NOTE—Federal
included
1948
$7,916,972
•Earnings
and state
taxes
Capital shares outstand.
'Earnings
of
? •
•
■
held
Todd Ranch
gas
in
covered
:
4 7.
Corp.—Weekly Output—
of, electric
show
week
with
of
variations,
other
convertible
Crown Cork International
became effective
shares
:V
-
Co.,
the
the
7* !
•'
,
,
common
expected within 12
are
23 participating
8.6
,,
sold at- market 318,070
size
and
vommon/xtocks/^y.'145,
Cummins Engine Co.,
formerly
the
authorized
10
right
the
-th2
Profit
a
total at $2,016,564.
The unsold
registration.—V. 168, p. 644.
:
' i*3 5
'
.
t])ne<ieg'uStrati0n stateme»t
1947, the
(par
removed
at
that
'
168,
,-v
-
Corp., Rochester, N. Y.—Tr, Agent
Trust
for
6 Mos. End. June 30-
,
Commonwealth Investment Co., San
Francisco—Stock
,
of
der
•
198,610,000
210,096,000
210,149,000
228,102,000
219,963,000
•Decrease.-—V.
kwh.,
23i%,-series
:
second of
a
its
to
the
in
.
week
reflects the
W47
222,778.000
——
o?"4"
for the
217,356,000
-rr
135
slacks
association
Proceeds will be used to
of 3.8%.
decrease
a
bonds,
*
!
past
the
-
&
and
liabi.ity position and
.
the
coats,
unit.
National
corporation,
estimated
shares
nine
have
plant
and associated
year
of
in
:
to
Sept.
on
shares
There
'
I
year;
1MB"
209,852,000
,
oa
Aug.
;
—
last
totals
SEC
each
Compton,
; *
corresponding
the corresponding week
the Labor Day holiday
said
of
range
eport
agettt
ionipany
DcWitt
capacity of
10 million cubic feet daily.
It will recover approximately 60,000 gal¬
lons of liquid hydrocarbons
per
day.
Refinery Maintenance Co. of
reserve'),
1
suit
Bank
common
,
The
share.—V, 168, p, 1040.
project
cost,
reserves
•/,'.
•
n
year
and
has
line plant' which
$47,542,269.—V.
^m«Ctr(1CUy 0Uitp^1t of Commonwealth Edison Company
ended Sent
Z) decrease from
Sept. 11 Sl/ a 3.5% ^ther electrlc utilities,
showed
the
a
1
This company
$33,978
•-'■V.
'/■
overcoats,
transfer
-shares
'
(quoted
(less
Commonwealth Edison
Co.—Weekly Output—
'
this
of
Continental Oil Co.—To
accounts.'
Total,
$59,431
1 498 906
SEC—•//:'
delivery in exchange for out¬
City Bank of New York.
•"
for
The
/
~ "
-k.
covering, 50,000 shares of
,
(less
cost
accrued
$18,210,719;
Vr,
lf
•
'.
f
7,
Ine.—Output—
purchased by other stockholders.-—V. 16G, P* 843.
amortization
surplus,
*$0.55
,
Liquidating Corp.
letter
Roach
a
also
was
$2,119,320;
taxes. $2,920,972; reserve for
taxes, $580,000;
\t
lnterest in subsidiary companies, $1,861,904; -capital stock
i.no par shares after deducting 3,042 shares in treasury),
^1,846,354;
at
118,050
$p.05
comp.ete
Crosbie
on
recent
a
The
rU S. and foreign income
;
Corp.,
common
for
•
.
«. •"
■•
1947
investments,
(less
$23,407
1
'
of $40,660,566),
$27,704,412;
patents, goodwill, etc., $1; deferred
charges, .$339,548; total, $47,542,269.
i
,,,,
187,300,000
to
mortgage
ready
now
bonds
ZZZZIZZ
Clothes
V
y
ASSETS—Cash, $5,921,990; marketable securities, at
value
$1,118,851), $839,125; accounts receivable
$5,449,291 r
•
•
30,
murket
inventories,.
/
-<
.
profit for the six months ended June
per capital share.
$3,602,2G6;
are
*
'■
31.471
"_III
tax
outstanding.
Chemical
A
•Net
$2.18
tAfter deducting depre¬
$3,231,259, equal to $2
;
$50
1,612.218
7.r—
and
'
reserve),
>153,841
Consumers Power Co.—Stockholders' Rights—
non-recurring income of $686,016.
NOTE—The
$4,569,009
—;%$1.897,322
outstanding——___
share
per
♦Includes
'$5,839,023
1,612,218
__
period.——
shares
Earnings
•
for
___
1972,
directors
Mr.
$3,509,540
,
refunding^
■»
$208,952
charges
Seidenwurm
class
corresponding week of lasty yetfr,
1040.
p.
prior to Oct.
.......t.
—
Dividends
.
and
•
.
toward
The
"'>' ,1947
1948 /
•
•
'
the
•
introducing Crawford Clothes through a select group
leading, department stores from coast to coast.—V.
165, p, i864
stockholders, Alden G. Roach, President, said
the company would be in position to pay an initial liquidating dividend
$5,352,767
_
1,600,000
243,227
;
step
Sept. 10 authorized the payment of the first liquidating
distribution of $10 a share, payable Sept. 25 to stockholders of record
Sept. 17.
v" >v-;'-*:r
■
*1,038,953
(est;)—
.
Mr.
,
.•
temporary
168,
In
i—
i
$42,-
143,749
Dividend—•
—
$4,313,814
»„
;
„_
Minority interest
,
„r„
first
Consolidated
2,611,374
\-*■
—.*»_—
(net)——————
income
and
;
%''/'•
'
1948
30.
$20,961,018
14,035,830
^• •'•
5.8'%.
of
Definitive
—V.
expense--
-i.',•' ,'r'
:
:
V-.
_____—_—...
,
topcoats,
Eaitos.
due
—
_
'
'
■
pointed
•1
.
amounted
for
140,360
$79,026
63 stores. v
;1 '
,"
Discontinuing other men's clothing lines, Mandel Brothers
■
kwh.
*
JUNE
equipment,.
improvements
leasehold
■
% 3,252,707
• I
machinery,
Mandel
Crawford's
•
Definitive Series1 "C" 2%% Bonds'Ready—
-
v
•
electricity
••
"
corresponding week of 1947,
of
198,900,000
decrease
a
Subs.)—^Earnings--
—
Cost of
T "■
'
*
1943
30,
announced
operates
Corp.—Earnings—
the
ror
with
standing
CONSOL.
total,
and
'■
•
cf
$1,778,464;
$21,560,862;
•
JUNE
will be featured
exclusively in the men's depart¬
Brothers, Chicago. 111., beginning on Sept. 20, it has
jointly
by Frank
Seidenwurm,
Vice-President
and
General Manager of Crawford
Clothes, Inc., and Col. Leon Mandel,'
President of Mandel
Brothers, Inc. Crawford Clothes Jtself owns and
of
distribution
pared
for
*
-
Columbian Carbon Co. (&
-
stock),
i
/•
ENDED
______
other
Crawford
on Sept. 15 announced that System output-of elec¬
generated and purchased)
for
the
week
ending
amounting to 207,500,000 kwh., compared with 215,-
1948,
/
-
'
■
>
V":;'S-
(electricity
12,
Local
stockholders of record on
will
be
offered for sub¬
shares
additional shares not purchased
Subscription Drice and other terms will
be
The issue will not be underwritten.
See
also
amendment.
168,-
r
outstanding, plus
now
stockholders.
by
/ominon
to
additional
stockholders
shares
10
other
'
.
tricity
:
„
from
asked SEC authority to sell an additional 1,223,000
common
Oct.
common
V'-
and
been
$3.03
Sept.
no-par
129,926
•
income
ment
•
(1,390,000 shares issued).
$1,368,486 is restricted on ac¬
Consolidated Edison Co. of New York,
''
from
other expenses—
of
•
446.
Issue Stock—
**, Shares
charges,
nonrecurrent 4ife insurance "item,
a
interest
stock
Crawford Clothes, Inc.—Altars
Policy—
-
value
par
which
^
the
*
i
.
■
conservatism, the company increased provisions
and accruals for bad debts, depreciation and vacation
pay to $39,846.61
more than the comparable
period of last year," says Bernard. J. Hank,
President.
"But for this, operating profits so far this
year woyld have
exceeded those of last .year to June 30,"—V. 168/p. 1040/ 1
1;C;^Columbia. Gas System, Inc.—Asks SEC Permission to
-
accrued
sales
>ExclU8ive of
677.844
$4.68
share—.
common
per
163, p.
677,844
'
"
.
.
municipal securi¬
$4,395,769), $4,391,047;
$3,256,930; inventories (at
profit after charges and taxes
JJarninga per common
118.895
677,844
697,465
~
-Common
or
(of
of
1576."
p.
'"
redemption
immediate
no
.Net profit for the six months ended June
30, 1947 amounted to
$272,607 after income laxes of $134,400 and credits of
$600,000 for
cont.agency, reserve and $89,780 for prior years tax
adjustment
This
is equal to 18 -cents
per share, based on
1,498,906 shares outstanding.—V. 167. p. 2465,
.
°
'
and
Net
$2,175,395
118,895
329,145
:
.Common dividends
shares, outstanding—:
„
-
$0:56
'
$3,290,904
$3,889,980
,
repurchase
166,
to i i
>'*\y •
purposed"
the
the
/
1.243,0(OC
'
$4,167,156; operating and misreserves for contingencies, $1,097,438;
without nominal
the
for
income
value
and
fixtures,
*'•
•
Net
accrued,
Six Months Ended June 30—
-
J
--•-•Net
payable
surplus
for
offering
"While
funds
preference stock,
MONTHS
6
and
amort.zat.on
income
Capital shares
Earnihgs per
■
$15,346,039
.
Government
(market
reserve
taxes
stated:
provide
prior
FOR" THE
/Credit Acceptance
39.634
.
U. S.
$1,914,385;
Conlon-Moore
1,445.474
15,009
175,732
(Canada)—
tax
local
earned
168,925.—V,
$3,822,295
2,582,953
taxes
Excess
$5,681,650
$6,648,665
•—
Other deductions —___.*»-.4--
f
stock
of
count
Net
V • • Total
and
reserves,
$11,650,620;
$1,150,249
2,573,091
net.
«
.Other
$1;
cellaneous
25,716,365^ 20,412,499
$2,944,741
royalties,
932,271
$3,055,385; goodwill, trade-marks, patents, proc¬
deferred-charges, $178,304; total, $42,168,925.
state
v;
•«''
381,379,386
sales—
"Sanforized"
fr.
Federal,
prior
/
Provision for Federal income
progress,
—
(incl.
exps.
from
Income
Inc.
(less
without
sell
ta
income
Interest
16,071,211)$ 15,271,1)63
amortization
LIABILITIES—Accounts
--
Cost
in
etc.,
esses,
'■
7; counts and depreciation)——--
and
■
$18,625,551 $15,967,589
621,500
621,500
7——.
$2,876,496;
receivable
struction
expansion program
were $50,080,715;—
Clue11, Peabody & Co., Inc. (& Subs.) —Earnings— "
6 Mos. Ended June 30—
1948
J
1947
1946.
Net sales
$41,324,126 $27,900,014 $21,562,748
Other
$696,425
CONSOLIDATED BALANCE SHEET, JUNE 30; 1948
less
discretion
•
v
incorporation
$3,472,093
and
Operating
$286,228),
lower of cost or market), $11,337,803; other
security investments (at
cost), $705,588; treasury stock—at cost (147,000 shares cCmmon stock),
$1,368,486; land, $1,228,618; buildings and equipment (aiter reserve
lor
depreciation and obsolescence of $16,456,464), $13,770,267; coh-
740.
p.
$2,554,340 "
^1,243.000
$2,05
accounts
modernization
Net sales in
lurniture
Total
$18,004,051
cost
stock
board,
to
outstanding $3
EARNINGS
Dcprec.at.on
431,600
Common
shares
outstanding..
1,243,000
Earnings per common share.—$2.61
vigorous
extensive
1,636,400
$21,560^862
■
Stock
V- vs 1*-'
of
profit
190,485
19,242,556
30—.—
ASSETS—Cash,
the
be
General administrative, ceiling
$937,546
—$22,493,133
——
June
their
Coty, Inc. (& Subs.)—Earnings—
CCN30L.
-
$1,128,025
2,075,000
——
—————
Balance
Completing Expansion Program—
an
'
$4,190,740
taxes—
31——
Dividends
/
'
.
inc.
state
would
is contemplated."
; Gross
•' /
——v •.
$3,250,577
Total
ties—at
completing
147,838,
income
This subsidiary is currently operat¬
•
&
in
articles
168, p. 544.
10,529,311
247,249
$5,325,577
Fed.
offering
retirement of
the
y:\:-a-.: '•,-.
Williams, Chairman of
such
••
June 30, 1943 the company.signed a Jong-ternr loan agreement
with a group of banks. The money was borrowed to
outstanding short term bank loans, to complete the modernization
and expansion of the company's corn refining plant at Clinton, Iowa,
and for additional working capital.
Interest -rate is 3%~ per annum
and the loan .is to be repaid over a period of seven years,
,
is
,
$5,235,645
$4,075,329
89,932 7 / : 115,411
income
for
Net
$6,500,000
a
16,756,719
282,329
361,096
operations—*-*—
1948,
On
for
23.164,157
-
—
Other Income
$1.24
pay
Plans
1946 '
,7
amended
ad-
*
from
B.
any
/ action
..
Profit
2t S5
$3.09
in the second quarter of
ing on a profitable basis.
for
1947
14
.// The
stockholders also
changed
the
common
to $5 par snares to save transier
taxes.-r-V,
$28,908,736 $21,114,377 $11,714,000
—_
goods
payment under amended
retirement plan for employees-—
Li
"
each month.
have been increasing
of
Premium
Crop
-Snow
Subs.)—Earnings—
1948
jniniKt acidrt expenses
Marketers, Inc., New
York, the company's
unconsolidated subsidiary which distributes "Snow Crop ' frozen loods,
of
(&
(net)
Cost
provision
Sales
B.
.
Common
of
of Shares Changed—
bept.
present."stockholders.
common shares outstanding on June 30.
shares outstandlngr.—V; 167, p.v 2027.
6 Mos. Ended June 30-—"
for Federal income taxes, was $195,350.
The
American Partition Corp. of Milwaukee became a subsidiary
as of Jan
31
1943 and has shewn satisfactory earnings each month.
after
.
par
Congoleum-Nairn Inc.
the Federal Income
provisions of
consolidated net income
NOTES—The
«<mv7
? Si i?
f,
x~r~
carry-back
for
credit
*$1.47-:'/?$1^9
on
authorize the board of directors
cash;up to 90,000 shares of common
and
/
^=74nfi
—
Earnings
after
t'Tne. stockholders
1;5.95,000
/
Corp.—Issuance
^Ratified—Par Value
J
—
Capital shares
♦Lo.-s
1946
$ 2,825,000
1,475-,033
t$0.93
f
par
Depreciation
Net
$2,240,033
939,936
Cooper-Bessemer
„
■'v,V;'V:
1947
.
7
Subs.)—Earnings—
(&
Industries, Inc.
Clinton
*/..
1948
Monday, September 20, 1948
.
$13,696,855.—V. 167, p. 2683.
which now stands at
profit,
.
before
Net earningi after
321920
81.61
SJ.io
9L. is
Sales for the first half of 1948 were up 0%
and profits; 32>r over
the preceding six
months period, when sales were 81*,384,158 and
profits 8823,441, or SI.17 a common share.
,
Field
reports now indicate that supplies of hearings in the hands
of original equipment customers and in the rep.acement market have
been greatly reduced, company officials said.
In
the
first
half of
1948
two dividends of
40 cents each were
'paid on common stock and $524,118 was added to reinvestment of
Earnings
earnings
CHRONICLE
Inc.—^Earnings—
"
642'8f? .%i, ,2
^
FINANCIAL
6 Mos. Ended June 30—
nn
^
&ale<$
&
Conde Nast Publications^
Co.—Earnings—
J/''/
l048
V^rLon t1„l9,Q
Cleveland Graphite Bronze
Six Months Ended June 30—
"Net
COMMERCIAL
the
%
■'
loan
were
Newark, N.
J.,
on
a
3%
note
announced Sept.
made
16. Arrangethrough Lehman Bros. *
Proceeds will be used by the
f
;
was
ness,
be
with
the
available
remainder
for
plant
to
company to retire short-term indebted*
be added to general corporate funds to
improvement.—V.
165,
p.
2545.
'-*••"
i
*
«
\
Volume 168
Number 4735
•
THE
Dixie' Cup Ce.—Earnings-^12 Mos. End. June 30
Net
alter
profit
and
shs.
$1,296,487
$1,388,036
outstdg.™
202,666
*"202,666
$5.37
$4.14
"After
12 Months Ended
Total
Earns, per com. share™.
>
1945
202,666 ,"
$4.65
$2.56
.
Depreciation
sales.
Net
Net
after
—I
taxes
Capital
shs.
K
2,095;40C
"
1
I
L
The
plans
company
at
employees
offer
to
early
an
Details
he
of
and
malities
the
the
will
been
not
action
have
and
on
.
worked
been
effect
until
ail
for-
b t
1,108,729-
-
$7,889,182
COMPANY—Company
1942.
'
1943—3 Mos.—1947
2,861,495
Outstdg....
per share....
891,821
^3.21
,•
5,608,357
891,821
$1.90
.
Incomb amounted to
months
^
ended June 30,
to
all
Edison Brothers
employees With
incorporate a payroll
"
months'
12
a
Period End. Aug.
Sales
Duncan
Meter
—V.
168,
Stores, Inc.—August Sales—
$5,265,632
1041,
p.
Canadian subsidiaries, .said in part:
the
tend
corporation
40%
in
of
the
of
the
fiscal
arranged
to
outstanding
exchange
for
acquire
shares
Irom
stock
common
60,000
*ciokfed
which
year
of
the
of
Duplan
on
May
Binz
Max E.
the
Canadian
authorized
31,
1948,
Class A and B
remaining
"Includes
subsidiaries
stock,
to
be
for
the
remaining 40%
interest.
Since
declared,' an additional 20,000 shares
beifig
fqr 4Q% of the. earnings jsince Jan, 1, 1947.
Mr.
He
Binz
has
will
been
continue
elected
President
as
of
the
the
of.
combined
ended
sales
sales
of
May
were
8.64%
the
Canadian
'In
of
sales.
Dulpan's part,
$5.93 per share
This is equal to
issued for. Duplan's investment.
depreciation is permitted
Canada
rates
than
in
the
for
depreciation,
oi}
sales
both
live
the
United
States.
compared
as
times
earnings
the
and
This
Other
the fiscal
of 40% over
for
Total
book
value
shown
,as
of 'fixed
Dtrplans
of
by
their
assets
books,
is
down last
year.
."
iNCOME
V
Net
v
V-rvr
r
T,
"
income
and
1948
Material:,
and
the
as'iue
xor
cubic
133,638
feet
services.
of
payable,
:
Canadian
Angeles area
2,146,710
589,822
El
Dividends,
Distributions
in
"
"
309,713
1,307,166
"
the
2-for-l
split
in
October,
BALANCE
SHEET
MAY
,
»
cost
Raw
market:
or
Woven
31
fabrics
.
191,494
Provision
Accrued
payable.™.™™....
of
*Oommoii
local taxes™™...
payable
$16,029,673
.»
stock
2,587,027
i;
._™__™__„._:
of
no
surplus
Surplus
said
Stuart
the
1943
and
this
v
of
titanium
development.
A* pilot
placed
in
-100
operation
This,
t tahium
13
metal,
so
a
for
industry
possibilities 'of" titanium
alloys
new
work
family
to any-metals or
of
.
out
it
had
basic
new
as
wijl
be
When
expected,
structural
alloys
in
sale
System
75,173,009
the
over
:
>
of
the
kwh.,
Total
corresponding
week
were
sales
no
of
securities
350
$263,440
106,060
140,538
$500
during
the
_II.II
period
of
1948.
six
•
SHEET,
owned
(at
JUNE 30,'
cost
1948
stated
or
*,,
.
value
determined
as
»
and
pc-nsions
expenses..
8,973,631
*
•
$1,629,956
"
--
--
clu^es $2,Obi/257 transferred
reduction
of
in
1948 and
to inventory
Federal
$5,932,099;
trade
$465,305
receivable
$400,000), $13,269,206; other accounts receivable,
tories, on the basis of cost or market, whichever is
taxes, insurance and
assets, $1,426,357;
other
other
for
reserve
total,
depreciation
of
tln-
$740,000
therefrom.
1948
(less
$173,145;
lower,
prepaid
$2.01
1947.
resulting
of
of
810,720
in
tlncludes
MAY 29,
accounts
$1,005,667
810,720
$1.83
taxes
CONSOLIDATED BALANCE SHEET,
ASSETSA-Ca£h,
628,308
,
$431,260
reserve,
income
144,760
»
1,053,936
...
depreciation of $623,360
$1,778,735
'm^Rn
.
Surplus for period..
to
48,879
2,760 000
$2,280,000
-™__™
850,861
riivfrTpi7ri«
equivalent
$6,867,604
31,706
1,975,000
Common shares
outstanding....^™.....^™™™
Earnings;^ per common Shdr'e...-........™™.
"After
6,742,123
$4,487,523
......
Corhmom dividends
>
V
$4,424,389 t $6,819,169
•
i
n
x.
?
May 29, '48 May 30, '47
reserve
Preferred
.
-
$73,694,815 $66,702,214
60,296,796 153,140,922
_™___
administrative
-
-
Subs.)-—Earnings—
Net profit
Paso.
reserves,
inven¬
$42,605,849;
$438,803;
investments
plant and
equipment
(less-
expenses,
property,
$14,878,479),
$13,495,465; goodwill, $1;
:
;X,v ■ X,',
payable, commercial paper, $3,000,000; trade
payable, $2,740,455; salaries, wages and commissions, $4,442,-
$77,340,926.
v.
LIABILITIES—Notes
of
accounts
•
last
of
5,902
-
_
for
Inventory,
$20,-
increase
$6,752
13,927
Income
Provision
subsidiaries
of
-
14,605
Interest and iniscell. Income deductions.
Federal taxes on income
3l/»%
El
$6 752*
.:
$307,289
June 30,
general
Other income.
the
proposal
an :
/
$307,050
1——
additional,
by
*1947
1
"■Operating income"
Los
of
of
the
input
$300,000
Co.)
15,318
SP.les
Selling,
companies.
planned
year.
per
plan, $1,483,225;
>
*
**"
•
income
(including $147,213 for possible addi¬
years), $4,683,579; accrual for retirement
taxes, other than Federal taxes on income, $983,120;
1,230,500
outstdg
share.™.
$0.90
$5,176,653
'—-•30.87
1,230,500
$1.70
$1.77
-■v::
stock
method
of
reserve
for
inventory, $18,041,801;
for self-insurance, $250,-
future payments cf past service under retirment
plan,
series, cumulative preferred stock $100 par), $7,238,000;
($25
par),
$20,268,000;
earned
surplus, $10,534,955;
total; A77,340,926.-^-V, 167, p. 251. '
-Earnings-
4%
stock
June 14/47
$7,961,500
1,011,985
436,000
base
contingencies, $1,500,000;
reserve
$500,000;
$10,427,100
to. the normal
for
reserve
000;
645.
June 19/48
$1,250,479; notes
provision required to
give effect
$2,095,649
1,230,500
$1,074,141
1,230,500
J
miscellaneous accounts payable and accrued
expenses,
held by workers under savings
plan, $424,372;
1948—6 Mos.—1947
*.'«■*<'>•
$1,105,528
§ales
Net
™
...
443,612
Income taxes-™^
profit...
begun
the
small
material
for
Earnings
shares
2684.
shortly,
It
has
work
iar
interesting
develop the full
many
needed, to
scientists
is
done
believe
and
they
superior in- many
168, p. 941.
basic
'
if
may.
ways
•
for
-
™L™„™™™i, '
800,000
$0.34
.
coal,
of
had
"strict
i
Co.
in
an
p.
analysis of Elk Horn operations
plus increased prices and demand
■
a
of
peak
of
1947,
In
maining
abou't
$2,667,000
the
year,
outstanding
$1.20
a
share
said.
Earnings
in
1944,
nearly
had
been
completed
by
deposited
for
bonds
payments
and
were
working
during the first
capital
of
six months
the
increased
was
1948,
of
$1.40
are
that
share, according to the report.—V. 167, p.
a
the
such
common
The
proceeds
of
the
stock
share
net
were
for
the
realized
final
in
six
the
first
months
of
1921,
half,
and
1947
may
'
will
be
used
to
to
retire
all
or
a
part
of
said
note.—V.
168,
Blosser, Chicago,
EARNINGS
by-
the
note
Ero
re¬
analysis
V-."-i ;■'}
indications
a
end
date.
,
final
reach
$3
the
said.
report
June-of-this
issue
note in the
held by
$46.
&
.
now
Manufacturing Co.—Secondary Offering—Strauss
on Sept. 9 offered 40,000 shares of
common stock (par $1) at
$6 per share. Proceeds go to
selling stockholders.
.
enabled
meht in earnings,
the
a
same principal, amount
maturing Sept. 27, 1948,
Irving Trust Co. Engineers now owns 162,612 shares
of the common stock of
Virginia Electric & Power Co. and indicates
that prior to the maturity date of the note
proposed to be issued, it
will consider the
advisability of selling a sufficient number of shares
of
!
receivership,"
Sept. 8 approved company's proposal to issue to Irving
short-term promissory note in the principal amount of
on
a
and
at
I? pay off
receivership of this corporation is expected
Inc.,' of Baltimore and Washington, re¬
the coal company to show a decided
improvevv™#.■"
/,•,*<.'/ *•' r
Retirement of the funded-debt of the
corporation, which had reached
=
effect
Mitchell-Hoffman,
results
Co.
dated Sept.
27, 1948.
The note will mature Jan. 27,.
1949, and will bear interest at the prime interest rate of 6aid bank in
$276,612
'
800,000
$0.72
Cerp.—May Suon End Receivership-r-
the
SEC
Trust
$900,000
$575,985
=
Engineers Public Sfervice Co. (Inc.)—Note Issue, etc. ?;
The
167,000
and
on Sept. 9. Mitchell-Hoffman
ported
said
i
per
Elk Horn Coal
scale
indus¬
a
:
^
Capital shares outstanding.™™——u™™,
1947.
(Inc.)—Titanium
raw
Ibis
mater.als
now know,—V.
shares
of
1948
Cost. of. goods «.sold_™_i.
new
the
to
for
that
that
1948—3 Mos.- -1947
Fed-
taxes..™-
Federal
■
The
engineering.
metal.ii
Net
Corp.—Earnings—
4,947,651
been
research
construct
$36,000,000
Proflt ^efore taxes.....
daily
and
to
2 500
v
.....
939; Federal taxes on
tional assessment of
1,725,900
producing and offering it for exploration'as
properties, but exhaustive
a
2.1%,
the
Elgin National Watch Co.-
r
material
call
show"
24 Weeks Ended—
Net
„
,
has
will
issuance
than
1948
9,
amounted
2,821,294
6;628,158
capacity has been successfully
at the Newport, Del., plant of the
Pigments Defar as the company knows,
is the first time
metal
The company Is
have
less
Sept.
173,069
purposes.
titanium
costly
1,730,690
.
pbuhds
and
insurance
the
not
7 000
'
ended
common
produced for commercial exploration.
The Ui S. Bureau-of Mines has been
producing the metal lot research :
raw
be
ended
after
income
—V. 168, p.
:
announced
1
unit: of
partment.
ductile
does
10,500
■
1948
in
Regis Paper
(
.
Ternvihations of
Sept.
on
and
"record
corporation
2 Earnings
1,801,814
190,764
254,901
692,276 shares
du Pont «(e Nemcmrs & Co.
manufacture
trial
the
would
week
—V. 165, p.
company
Paso
168, p. 845.
Net --profit
$21,053,484 $16,029,675
by 776,985 shares in
—V. 168, p. 544;
(E. I.)
El
permit
the
follows:
as
...
Endicott Johnson- Corp. ((&
•
- *'
to the two
Southern Coun¬
companies'
debentures
to
as
are
1
6 Months Ended—
delivery
concerns
California
of
each
_iv.•-•».''
■
Represented
The
so
1,942,462
Total
•
1, 1949.
begin construction immediately
by Oct. 1, 1951.
Estimated cost
plans
• :•
$12,500,000), $5,343,804; cash on deposit, $128,159; interest receiv¬
able, $375; prepaid insurance, $1,187; total,
$5,473,525.
LIABILITIES—Accrued takes
(including Federal income taxes of
$14,604)
$26,221; 40,600 shares of no par value series A $7
preferred
stock, $400,000; 60,000 shares of series B $6
preferred stoek, $600,000;
coihmon
stock
(no par value,
stated value $1 a share), $572,132;
capital sQrplus:, $3,690,925; earned
surplus, $184,248; total, $5,473,525.
—V. 167. p. $487
;
'
h.
1 'i
$10,040,000.
convertible
194,246
Value..:
par
825,000
the discre¬
at
first
calling outstanding bonds.
This would
involve
by El Paso of a call premium of approximately $2,500,000."
Capital shs.
650,532
^™_™™
the
1944,
and
prior
609,255
,
'
about
mortgage
EreOtrolux
4,200,000
.
-
from
split
will
project
Present
1,556,000 kwh., or
—V. 168, p. 1041.
28,315
713,627
-
y
605,000"
911,769
;™_.
and
Statft and
Dividend
Earned
the
FPC
erai
other compensation..
lor. estimated federal taxes™™™..™
wages
can
also
Electric Power & Light Corp.—Weekly
Input-
1,898,569.
3.558,296
^,000,000
accounts
feet' daily,
for
California Gas Co.
The California
Period'End. June 30—
Accrued
Capital
cubic
it
V*•
y
...
without
For
170,127
$21 ,053,484
Notesr payable
$60,000,000
company
stockholders
and
LIABILITIES—
Trade
of
The
477,999
197,864
166,627
"
•
stock
to July
up
from
the
shares
common
three-for-one
any time
years
the
of
3,412,896
598,891
*
2,589,752
Machinery, plant & equip, (less depreciation)..
5,686,842
Investment ih Canadian
subsidiaries, at cost..
705,000
SUndry investments (at cost or 16ss)"" 27,065
Total
increase
an
mortgage bonds
mortgage.
The
authorized
a
of
1948.
value
by board of directors at meeting of June
13, 1945—including 1,000,000
.shares St. Regis
Paper Co. common stock having a quoted market value
has not
the payment
2,099,938
4,338,095
depreciation)„.'_
the
purchased by
•«$•'"'••'•Jv.;»•
which
St.
A$6ETS™-Securities
$3,321,589*
Commission
bonds
—V.
*
(less
of
Halsey,
™
of
mortgage bonds at private sale to six
tion
1947
'
...
taxes....
$4,497,143
$288,423
approved
1946
20,
par
underwriters
taxes
307,500
been- shown,'* the ^Commission; sai3, "that the holders;;
outstanding first mortgage bonds would consent to the modifica¬
of
income
NOTE—There
$157,000,000—Change in Stock—
8
several
income-taxes
months
request of Halsey, Stuart & Co. Inc. that El Paso
bonds* and
bonds'and debentures' to "finanre the nrnient at.
debentures' to "finance the
project at
sell
sell
3Vi%
"It
2,241,534
Land
Buildings-
392,052
said that before, such: bonds could be offered at
bidding, the indenture of mortgage for presently out-'
standing bonds would have to be modified.
$1,345,507
materials, work in process and supplies.
to
to
cost
a
bidding.
The
1947
1,875,031
3,153,112
the lower of'approximate
'
Prepaid insurance and
25,625
202,324
competitive
"$3.04
1948
at
reauired
required
•
first
1
$1,715,155
—
U/S. Govt, securities, with accrued interest....
Trade accounts receivable.-.—
denied
000,000
"692,276
$4.36
FPC
competitive
772,232
776,985
__
ASSETo—
Inventories, valued
$3,629,089
of
$2,104,668
$56,000,000.
The
'
Cash
$4,889,195
The
Is
be
to
the
Net profit
Dividends on series
A,$7 stock.,™.,.™
Dividends' on frerfes B $6 Btock_™™_™__._____
'.
998,444
$314,048
its
improvements will be
"
COMPARATIVE
2,097,451
complete
399,842
™___
tc
to
100,000
-
giving effect
73,031
Commission
112,500
stock
™_;
expects
the
451,911
^
$4,829,857
equipment to increase gas supplies
100 million cubic feet amount.
by the
told
$3,387,515
share..
per
"After
cash.:...
common
Shares outstanding
Earnings
in
other
114,604
„
Other
'
905,439
for
million
CrlOO.OOO
—
payments
and
Paso
and
1,530,136
™_.
investment
$7,892,085
16,954
a
of California.
11,407,867
S
be
Net earnings
$404,036
concerns—Southern
ties Gas Co.
11,930,959
1,450,000
2,250.000
__
in
allowed
405
to
13,981,539
•
depreciation™™.
notes
on
Adjustment
and
pipeline
.
Interest
65,994
board of directors
"13,126,370
-suppUes__.:_™™™.;i_™™__„™
Federal income tax.
Set
76,987
daily delivery capacity from 166 million cubic feet to 246 million cubic
feet of gas in .Texas, New Mexico and Arizona.
They will increase its
delivery capacity at the Arizona-California border from 305 million
$35,496,560 $29,088,041
™™„___™„
costs
Power, freight and other
11^41
a substantial
in "natural gars supplies in
the Los Angeles area and other
parts of the southwest has been granted the
company and two southern
California gas concerns by the Federal Power
Commission.
The authorized pipeline and other facilities will
increase El Paso'S
1947
103,769
—,
related
Total
amount
of
a
^39
Federal
Authorized to Bun'd'Ne.w Facilities—
Autho'ritjr to build' new facilities which will provide
$35,392,791 $28,954,403.
™_™
__™__™
increase
an
1,100,000
California
Total
Payroll
36,047
Sept.
the
each
board
-j
of
names
BALANCE
under
in
on
quar¬
1948, the
the
Nov.
on
dividend
a
1,
Co., Inc
(of
from
&
on
in
$47,100
•
by
4,677,099
increase
:
&
V.
,.
annual
-"Interest'
$4,763,863
$368,315
-stockholders
tion of
-■
-
Income
$9,477,009
8,904,411
.i'
34,479
...
10%
a
1948.
stock
of
t-1
.
income
ree'd
was
expansion
ACCOUNT FOR YEARS ENDED MAY 31
sale.4
Other
div.
com.
outstanding
approved
to
and
Smith
Dividend
1948—12 Mos,—1947
7,349
require.__
$157,000,000
have
the
partly
for
The
to
since Jan. 1, 1947.' Production has increased
in volume and improved
in, quality.
The figures of -these wholly-owned "subsidiaries will
be
consolidated with Duplan's next year. For the last
year the combined
-tales of Duplan and the Canadian
companies amounted to $42,501,768.
The following
figures do no; incluoe those of the Canadian sub¬
'
div.
paid
Six Months Ended June 30—
(& Subs.)—Earnings-
$402,794
:
declared
on
Eastern States
Corp.—Earnings—
$710,071
98,521
208,755
,deduct'ns
surplus
$807,124.
and
,
Nil
$7,-815,098
Debt Limit Raised to
•
.The . increased saleS of ^thC Canadiaft -subsidiaries are
result of $1,271,882
spent by them for modernization
-
"
S.
$392,393
x
been
McAlister, Smith & Pate, Inc...-.—™.
McCarley & Co..^..;
!™._.
—V. 168, p. 645.
427,108
«79
$50"
placed the common stock
cents per share beginning Sept.
which has already
~
23.312
has
7 Vis
approximately
1947
Expenses
income™,
Bal.
be
would
was
/
sidiaries.
Frank
405,000
$820,179 $16,726,858
■-
17,633
21,259
23,361
Edison-Split-
by
on
of
has
of
amounts
961,902
*391
income
Pfd. stk.
investment in
60%
1946,
$709,221
income
Net
more
than
Duplan's original investment of $705,000.
Ac¬
cordingly, Duplan's statement of operations reflects the restoration
of-$100,000 by which the carrying value of the investment was written
.<
$'1,671,514
Federal income taxes...
tax
Duplan's own provision of $589,822
Without such accelerated depreciation
31, 1948,
carried
1948—Month—1947
ineonrre
Gross
net earnings
60% of the earnings
on the 60,000 Duplan
purposes at higher
subsidiaries set aside $462,335
These
net
value at May
Canadian subsidiaries,
for
$34,261
$1.5l
$0,47
with
large.
as
higher.
/The book
the
companies
1948, were $7,005,208, an increase
$5,006,638 in the previous 12 months.
The
$356,024.
was
subsidiaries.
$9,285
471,716
511,838
company
several
^
,
Natural Gas Co. (Del.)
Operating revenues.—
Oper. revenue deduct'ns
Explor. & devel, costs^
"Net Profit
'
UNDERWRITERS—The
director of Duplan
a
31,
of
$605,374
shares
'
Paso
Balance
The
year
El
$659,014
405,000
of
outstdg.'—..
Period End. July 31—
Were
in; payment 7
Canadian
Vice-President and is also
a
issued
Corp.
i
dividends
no
stock
*-$237,372
405,000
....
shs
loss from operations
formerly
tLOss.—V. 168,' p. 941.
dorf Corp.
ispued, for. a consideration..of $840,000. • In ^December, 1:946, iDuplan
issued 60,000 shares for a
60%
interest and «re now issuing 40,000
shares
1
dividend,
capitalization
1945,
Outstanding
$70,000
433,950
:
i
.profit
Class A and b shs. outstdg
Earns,
per
sh. cn 405,000
FINANCING
516,471
such
The
1946
,—..$14,401,714 $13,845,762
$8,843,983
N?t income after charges
496,335
1,224,488
$218,623
Federal ihcome^taxes^___i_-_^- ;
258,963
565,474. Cr252,884
Net
and
EARNINGS
directors, payable Dec. 1, 1948, to holders of record
1947
Sales
.I>ui)ian Cerp.—Annual Report—Ernest G. Geier, Presi¬
dent^ onSept. 15, in reviewing the operations of the
the
first
1948 -
.
executive
Total Sales
DIVIDENDS—Company
Wholly Owned Subsidiaries)
30^-
in
six
of
Carolina -and
$363,374
I948_i.._
:
$5,462,047 $47,838,439 $44,157,717
.
(Including
Six Mqnths Ended ifune
notes, due semi-annually 1949-1950.
After
AND
1947.
(Thomas A.) Edison, Inc*—Earnings—-
Weld & Co., acting as agents, have placed
privately, with
institutional investors: $1,500,000 5%
collateral trust
late
chain
$100,000
■;
1946_^..^_-_:.__
1948—8 Mos.—1947
■■
Carolina
PRESENT
i
terly dividend basis
Privately-—-White,
TO
par).
Years Ended June 30-
$3,728,203 for the
.
Corp.—Notes Placed
($1
SALES
,
,
stock
1944-T..
1948—Month-^-1947
South
Authorized
Common
1948.—V. 167, p. 2360.
3l—
in
company
has operated a
in good locations in South
1945..
Dow
the exception of otiicers and directors, and to
deduction clause whereby subscriptions may be paid over
period."—-V. 167, , p. 2577.
*
the
stores
25c
891,821
$3.91
.
.
incorporated
was
time
and
CAPITALIZATION GIVING EFFECT
3,489,260
$3.29
r
that
5-10
PURPOSE—The proceeds are to be used for the purpose of
paying
existing
temporary loans in the amount of approximately $45,006
incurred in the recent
purchase of the Columbia store.
The sum of
$15;0OO is-to be-used to reduce present short-term bank loans and the
remainder
(approximately $20,000) .is to be added to working capital.
$9.24
1948—6 Mos—1947
1,696,164
891,821
Greenville, S. C.—Stock Of¬
recently acquired a sfeventh store in Columbia.
The
buying offices and warehouses ate in
Greenville, S. C.
$3,458,787
$14.60,';-
Since
modern
1,108,729
$5,463,505
$21.09
v"
'IS©
prepared.
This,
"However," he added, "it
-
$32,263,051 $22,115,706 $62,751,860 $45,827,^06
shs.
Earnings
six
^
$4,567,516
Manufacturing Co. (& Subs.)—Earnings—
Net /sales-.,™.--.
Net profit after income
he
out,
legal
1,839,476
$6,572,234
168, p. 742.
Capital
"
4,047,760
prior
to 6%
pfd. stock
sh. of 6% pfd. stk
taxe.s',.'_^i.;——
i?he
1,377,898
1,853,899
Co.,
S.
Smith & Co., Inc.,
Columbia, S. C.;
McAlister, Smith & Pate, Inc., Greenville, S. C., and
McCarley & Co., Asheville, N. €., in August offered 20,000 shares of common stock
<par $1) at $4.75 per share.
prospectus
a
md cated,
would take several weeks.
proposed to make the stock available
is»
of
directors
of
:
not
in
plaoed
with
board
*'
stock
common
President
Dow,
the
of
its
or
H.
«
be
complied
shares
:
4,007,947
1,108,729
Stores
fered—Frank
4,703,802
$8,997,911
Period End. June 30—
Employee Stock Purchase—
Dr* Willard
per
Eaton
''
"
.
appiic.
—V.
v,
*•'-
ii
offering
proposed
plan
have
Bal.
Emery*-Hill
1946
$11,832,650
1,845,689 '
income—
Earned
$4.08
-
-
100,0C0
date.
company, announced following
Sept, 7 autjaoriz.sig-the move.
said,
$4.13
.s'"
7*
Dew Chemical €o.—Plans
to
1,042,641
"
•
■
,,v:
4,252,314
1,042,641
4,395,716
1,042,641
$2.01
$2.04
™
167, p. 2684.
*'
r
\
2,122,563
1,042,641
outstdg.™.
Ekrhings per share
—V.
1948—6 Mos.—1947
:
Fed-
1947
$17,137,882
5,368,58-2
depletion
debt discount
requirements on
4lA%
pref.
stock..^.^^..^^.—;—
$19,117,150 $16,531,796 $37,067,443 $32,227,497
™„™™
profit
efal
1948—3 Mos.—1947
(& Subs.)—Earnings—
1948
Div.
DocMer-Jarvis Corp.—Earnings—
Net
and
Interest and
;
providing $250,000 for dontingehcies.-^-V. 167, p. 2684,
Period End. June 30—
July 31—
consolidated
income.......'.. $20,271,794
Provision for income taxes
<
4,059,612
$965,340
202,686
......
FINANCIAL CHRONICLE
Eastern Gas & Fuel Associates
:
1946
II.,'1
;/
■/< '•!
™'/ $1,534,267
taxes
Common
*v«A
'=1947
1948
V
chgs.
COMMERCIAL &
FOR
;
-Net
Net
sales;:™—
profit
Common
Earned
—V.
after
shares
per
167,
P.
_™.-™_
taxes™.
11
'
MONTHS
/,
;
*
1468.
■
™_™_„„_
^_™____™™-™;.__:V
outstanding—™™_™__
share
-
ENDED
!
'
JULY
31
1947
1948
$7,735,923
$6,826,488
739,167
636,065
350,000
350.000
$2.11
$1.82
*
COMMERCIAL
THE
-(1144)
«
CHRONICLE
& FINANCIAL
II
I
I
I
.
$4,084,770), $10,765,302; furniture and fixtures (less reserve for depreciation, $279,505), $484,684; deferred charges (unamortized lease¬
improvements, long-term debt, comxn}§sion and expense, prepaid
interests advertising, etc.), $320,558; other assets (deposit ..with State
authorities, real estate investments, miscellaneous receivables, etc.),
$267,068; total, $50,694,354.;
' '/"i! ...... >'
•'?'?. ''
Subscription Bights
Eureka Corp., Ltd.—Amends Stock
has notified the. New York Curb Exchange that it
h»s amended its offer of* rights to subscribe to shares of its capital
stock and stock purchase warrants.
<:.•# • ♦
»•« • ' v,
Z
The amendments provide
that in the event of oversubscription,
tenders will be accepted on a pro-rata basis to the extent of the
139,000 units offered to shareholders.
1 *
'
.
.
Stockholders of record Aug. 26,
1948, > were offered the right up
Oct. 1, 1948, to subscribe to a unit-consisting of five, shares or
capital stock and stock purchase warrants for three shares of stock
a price of
$750 a unit, U. 8. currency.
Previously the offering specified that in the
each
subscriber
would
allotted
be
(banks, commercial paper,
etc., $20,378,500; officers and employees, $183,536), total $20,562,036;
dividends payable (paid July 1
$367,514; accounts payable, $362,413;
accrued
taxes. (Federal and State income, ■ etc.), $1,090^92;
accrued
interest
on
long-term debt, etc., $74,651;
accrued salaries, $34,672;
amount due security bankers Thrift Club
(savings accounts of mem¬
bers—officers and employees of Family Finance Corporation and subsidlary companies), $544,409; 15-year 3Va%- subordinated sinking fund
notes due Sept.
1,. 1962, < $6,000,000;. investment, certificates Issued—
contra
(less payments reserved for redemption of $4,084,770), $10,765,302; reserve for coqtingencies, $49,179; preference stock ($50 par
value), $4,116,600; common stock ($1 par value), $1,484,938; paid-in
surplus,
$2,853,997; earned surplus, $2,387,852; .total, $50,694,354.—
V. 168, p. 1041.
■ •
'
■
each
ior
-
shares
25
of capital stock or fraction ,thereof of the company registered in
hi# name on Aug. 26, with the remaining subscriptions to be accepted
pro-rata to the extent of the remaining units.
,,'•>:.X
y-- ;',
The company is developing a lead, zinc and silver mine in Nevada..
Installs Additional Machinery—
It
'
;
•
4
'
.
x
on
Sept. 7 that equipment, both pumps and
has been installed at the corporation's mine in
to bring pumping capacity to slightly in excess of
minute.
This was the goal set soipe months ago.
Additional equipment yot to b3 received includes two large Diesel
eljctric units, one of which is promised for October delivery. It is
possible the other may be received sooner in order to supply a little
hatter power margin for the immediate future.—V. 168, p. 941.
was
Diesel
•:
Electric
Federal
Net
H. G. Norman, 215 St. James Street, West, Montreal, Quebec,
Canada,
by order of the Superior Court of the District-of Montreal dated
16, 1947, reappointed as Liquidator of the remaining assets and
the estate of this corporation.
■>>':>> -V
>»
w$8,
profit
after
assets
available
stock
common
are
Electricita and
for
The distribution
is
lire
to
to
be
order
"SADE"
that
their
the
deliver
as
soon
to
the
A
Common
shares
di
Adriatica
Earnings
per
Ltd.,
the
to
nearest
effected
be
their owners,
to
are
paid-in and earned surplus was $1,442,288.
sheet
backlog
Not shown
the balance
on
of
the
for
whom
be
deposited
"SADE"
In
depositor
registered
and
shares
the
V
;
Quarters Encrcu
Annual Periods Ended
July 31, '48
Aug. 2, '47 July 31, '48 Aug. 2,'47
>
the
will
the
owner's
lire will be
Credito
receive
notification
name
Profit
transferred
Industriale
in
sales
retail
Net
direct.
66,902,018 321,965,225 280,786,950
75,605,742
Federal
before
been
addressed
taxes
Net profit applic.
to
stockholders
inter,
Net
profit
Net
-
share
*
2
„';V
Y
Falcon bridge Nickel
30—
;
*V
\
,
v'
iy
i', -V.
'
v/ff
•
pfd.
;
23,744
74,364
$294,647
$586,134
$314,341
$625,469
183,000
$442,469
57,964
15,518
408,317
259,366
1,975,201
1,224,590
11,651,680
132,726
136,652
537,188
9,564,314
546,603
to
300,488
the
167,
11,114.492
1,087,938
$0.78
share
9,017,706
$3.83
$4.71
$0.46
calculated
was
entitled
on
of
number
average
shares
dividends—2,360,497
receive
to
without
reflecting
acquired
was
that
of
store
'
2685.
subsequent
of
as
a((justments.
^
only
that
from
*
,f
received
earned
from
and
date.—
j
into
of
$1,480,085
128,400
254,555
>
$1,351,685
$327,666
117,758
Net
—V.
9,769
20,657
$1,361,454
$1,407,785
$1,354,006
division,
C.
Its
policy of the company
current
earnings
of distributing as much as possible
dividends while financing from its
treasury
depth development of the Falcon-
as
ft* opt*i g 0 j
McKim Mine,
bridge Mine, modernization of the
Refinery, and the increased
and
tlnue
assets.—V.
168,
p.
.
.
expen¬
p.
$2,472,366
$2,643,487
1,183.921
$4,033,074
$4,333,033
1,257,935
1,257,935
1,183,921
share.
$1.87
$2.13
$3.04
I
'
Period End. June 30—
•Gross
oper.
1948—3 Mos.—1947
V
$2,405,975
$1,885,231'
$9,101,287
30,518
26,431
■>136,334;
$2,375,457
$1,858,800
$8,964,953
1,406,103
1,322,788
$969,354
$536,012
$3,550,782
11
Aug.
the
"/
:
Ternstedt
1.303
96
3.444
as
charge
$970,657
$536,108
$3,554,226
$2,496,152
162,346
587,845
298,856
235,209
69,052
105,838
1,071,413
762,449
$573,102
$341,218
$1,894,968
$1 434 847
46,594
50,625
194 131
177 186
364,630
1,163!378
gil^
Gross
income
Income
State
Net
Dfvs.
Diys.
on
_______
inc.
income
on
taxes
______
preference stk,
common
'
stock
_
lhstalment
notes
320,920
..
dIfounis' premiut?s, et°contracts receivable
and
Freeport
Canadian
Mines,
and
off;
and
fixtures.
provision
<
.
BALANCE SHEET, JUNE
30, 1948
'
v
ASSETS—Cash, $6,511,464; instalment notes and contracts
receivable
in
monthly
instalments generally maturing
^
net), $32,345,278; term notes receivable
certificates)—contra (less collections reserved for
Motors
Section
who
the
of
Business
Public
change will become
This
The
1948
electric
$388,422
$235,663
100,500
80,840
(investment
liquidation—contra,
duties
its
to
income
net
-
.$575,500
.$307,582
on
sale
of
investments of
$149,430
357,736
Y *149,430
>
594,293
loss
J/'-BALANCE
•
$113,565
in
1948,
$92,753
SHEET, JUNE 30,
1948
^
•"
'
purchased, $26,902,764), $31,873,662; cash on deposit under
custodian agreement, $1,933,246; dividends
receivable, $98,437; receiv¬
able for securities sold, $105,893; receivable for
subscriptions to 8,303
and
of capital
unclaimed
stock, $125,935;
dividends,
LIABILITIES—Payable
.for
12,573
shares
of
own
cash
$2,652;
for
on
total,
securities
capital
deposit for scrip redemption*
$34,139,825.
purchased,
$354,953;
payable
stock
repurchased, $190,130; accrued
unredeemed
$30,291;
scrip
and
dividends, $2,652; capital stock ($2 par), $4,555,246; treasury
stock (75,127 shares), Dr$150,254;
capital surplus, $24,125,184; earned
surplus, $60,725; unrealized net appreciation of investments, $4,970,898;
.■total, $34,139,825.—V. 168, p. 545.
expenses
and
miscellaneous
taxes,
-unclaimed
1
.
V;';Y
as
transferred
become
will
and
Social
Department,
The
a
continuing;
Goad.
Division
the
Staff, i
Jackson
W.
Mr.
ef¬
Economic
will
head
a
Economics
and
Social
part of the Public Relations
the
to
Business
new
effective Nov.
1.—V.
'
York
New
quoted
168,
Research
1042.
p.
Corp.—Weekly Output—r
be
Exchange
No.
ended Sept. 10;
be
made
due
Y.—V.
1948,
on
the
surrender of coupon.
on
directs
Exchange
that
the
debentures
be
Sept. 30, 1948; that the debentures shall
"Flat," and to be a delivery in settlement
made beginning Sept. 30, 1S48, must carry
on
in
and subsequent coupons.
payable at the Commercial
N.
Sept. 30,
on
3969,
'
contracts
9,
is
York,
2%
dealt
will
debentures,
■:
Stock
ex-interest
to
2%
of
income
,
,
1G8.
Bank
National
Co.,
& Trust
1042.
p.
General Reinsurance Corp.—Defers Dividend Aetion-~directors
The
quarterly
and
Sept.
14
deferred
dividend action
until the
scheduled for Dec. 14, 1948.
Two quarterly pay¬
per share were made this year—one on March 29
30—while in 1947 four quarterly dividends at the
on
meeting
of
30
one
cents
June
on
rate were paid.—V. 167, p. 1587.
same
6 Mos. End. June 30—
Dividends
:
■
Corp.—Earnings—
$32,878
362,958
319,771
$396,686
407.049
761
Other; _i—
1945
$33,727
$352,649
37,111
$38,321
'428,341
i
1946
1947
1948
$44,017
Y
income
Total
10,121
v
General
1948—Month—1947
V
$455,491
46,501
>>'45,871
39,750
39,750
expenses
'
income
•The
in
:
V
T.
;
:
v
•
.
1
'•■■■■
,
and
181,500
respect
elected
of the above
loss
on
net
sale
5,807
$303,545
272,090
272,089
to be taxed
such should have
as
42.377
no
as
26,500
44.957
$365,123
$380,760
dividends
corporation has
NOTE—Net
a
t.r'
5.158
$283,880
272,060
regulated investment
tax
liability for Federal income
income.
of
securities
for
six
months
ended
June
'.yiYYY;
•
•'> •■*
•
the asset coverage of_the. corporation's 3%
debentures was
the asset coverage of its preferred stock was
$210.77 per share,
and the asset value of its common stock wak
$5.98 per share, after allowing for $105 per share and accrued dividend
in respect of the preferred stock
>
;■
'>
1948, was $283,142.
30,
On
June
30,
1948,
821%,
>
ASSETS—Cash
BALANCE
,
SHEET, JUNE 30.
1948
>
in
banks, $728,357; investments in U. S. Govt, secu¬
rities (at cost), $953,536; investments in other securities, $18,712,758;
d<vidends and interest receivable, $85,081; special deposits for dividends,
etc, $9,816; total, $20,489,548.
'
> ;
;>:>" ■>'>• >-.> • >
LIABILITIES—Interest
accrued, unclaimed dividends payable, etc..
on preferred stock to July 1, 1948, $45,375;
against cash, $303,230; accrued expenses,
taxes, etc., $13,006 3%
debentures, due Dec. 1, I960, $2,650,000; pre¬
ferred stock, no par value (issued, 90,750 shares $6 cumulative con¬
vertible preferred
stock—optional stock dividend series), $2,268,750;
$16,441;
due
for
accrued dividends
securities
loaned
stock
par
$20,489,548;
1948—8 Mos.—1947
'
-
•
':»>■ 4,747*
6,108
Preferred
Sales______—$13,260,656 $11,502,666 $98,305,075 $90,243,950
168, p. 742...
$473,119
—
v.
($1
>>'
value),
$1,602,470;
surplus,
y>Vl' H> OY'
■
-
him
143,507,890
of interest
8.
common
Gamble-Skogmo, Inc.—August Sales Incr. l5.28%—
Period End. Aug. 31—
—V.
con-Y
will
Operations
kwh., an increase of 3,803,191 kwh., or
corresponding week of last year.—V. 168, p. 1042.
cumulative
No.
86,233
certificates
-
he
and
General Realty & Utilities Corp.:—Interest Payment-
Net
$676,030
x
™r___
dividends
shares
work
output of this corporation for the week
amounted
payment
1936
1947
..
ASSETS—Investments, at market quotations (cost, on basis of specific
f
J.
Relations
Research
will he discontinued
and
1948
with
heads
now
♦Taxes-:
CONSOLIDATED
contract
General
DuBrul,
newly-created
Inc.,
.4.18L947
tIncluding uncollectible
written
fop depreciation of furniture
®,ccort^ln8
M.
Relations
of
Income—Interest
1947, and profit of $1,482,438 in 1946.
*Not including dividends of
$133,246 charged to profit and loss-on sale of investments.
'
,'r *
$6,575 341
5,414,171"
to
return
Administration
Manager, reporting to
affecting the Fisher Body
changes
fective Sept. 16.
,
charges
Fed. &
101,498
to
the
General
These
company
•Before
Y;
™™™
able
of
such other assignments as will be given
on
Inc.—Earnings—yYv
income
•Net
Cash
$6,676,839
new
Manager1
at
Expenses
lO^B
v
Net inc. from operat'ns
is
member
a
Division
in
i
in
_
Other income
'
)/
organized
company
Fundamental Investors,
$2,393 394
Operating income
tQperating expenses™
as
General Shareholdings
' \ r'
t
.
1948—12 Mos.—1947
income™
their
assume
J.
Cronin, General Manufacturing Manager of the Fisher
Division, who was elected a Vice-President on Sept. 13, will
Mr. Goad as General Manager of that division.
The
Ternstedt
operation,
which
has
been
operating
under
the
Fisher Body Division, will became a separate division known as the
-
!*'•''
-
MKr'-
lot. on investm t ctfs™
will
$3.49
com.
purchased
Total
Wiles
Mr.
' v
Archer
Mr.
serve
Interest
V//, V'
(Including Wholly-Owned Subsidiary Corporations)
_
and
.
Body
New
28 Weeks End.
all of the shares of the authorized capital stock, 100
$10 a share.
This new subsidiary has been organized to
in mineral exploration activities, primarily in Canada.—V. 167,
2685.
Y::Y;' o Y '.&•??;:»;<V.
149.
Family Finance Corp.—Quarterly Report—
Hufstader
Body
When
to
Interest
outstdg.
shares
per
6 Months Ended June 30—
_
Comptroller of
the Buick Motor
succeed Mr. Curtice as General Manager of
elected a Vice-President.
will
succeed
engage
ditures due to higher prices necessary to maintain adequate inventories
onedlt finrtit ?h
under the Hies,t
listed net None of these expenditures appear as a
current
___*
profit
shares
"
>■'<
Divisional
now
was
Fisher
coupon
Subs.)—Earnings—
167, p. 2466.
An
in nei current assets results from the
Buick
the
Goad, Vice-President of General Motors and General
continue
Freeport Sulphur Co.—New Subsidiary Organized—
$8,286,891
a
corporation.
of
Ended—
Common
Earns,
the
himself.
who
4%
ilY:
4,325
July 17, '48 July 12, '47 July 17, *48 July 12, '47
Net sales
$25,299,553 $22,697,136 $42,840,923 $37,787,893
Net inc. after charges..
4,092,453
4,347,958
6,681,838
7,093,443
Federal, State and for*
elgn taxes
1,620,087
1,704,471
2,648,764
2,760,410
l*;*'v-iVY
r
announced
14
of
Manager
$1,459,408
;
16 Weeks End.
Period
$732,250
$7,215,115
announced
for
Wiles,
and
absence.
$1,333,348
"
'
Flintkote Co. (&
286,826
$922,667
___
L.
The
2,417,568
326,034
uii
Sept.
on
General
Division, will be the executive in charge of the
Body and Assembly Division Group.
Mr. Goad succeeds Thomas P.
Archer, Vice-President, who is at present on a disability
leave of
126,069
$1,403,460
earnings
Net Income
$9,019,141
$342,018
_
Corp.—Changes in Personnel—
organization
General Public Utilities
34,649
42,878
—V. 168, p. 448.
3,000,000
3,499,078
_____
the
Curtice,
business
the
1946
133,800
charge-offs, and net
sales of securities
on
$0.61
■
$1,437,207 ^1,424,759
$1,537,260
Recoveries less
profit
486,858
$0.03
President,
Relations Section
\
1947
78,947
________________
operating
$300,047
series of impor¬
These follow:
Motor Division,
was
elected an Executive Vice-President.
He will be in charge of all
general staff activities for the corporation.
Y?-''"Y-"-':YY
William F. Hufstader, General Sales
Manager of the Buick Division,
was
elected Vice-President in charge
of the distribution staff.
He
will succeed W. G. Lewellen, who is resigning and who will later go
;
$1,458,313
earnings
and provision for taxes.
w
of
214,755
,
\
-
Staff.
1948
affiliates..
other earnings.
$3,601,573
Y-,.; V
iiZr
$514,802
.
486,858
;
in
H.
Stephen
July 31, 1947, and accord¬
included
are
.
exps.
Net
1947
3,508,727
taxes.™
Wilson,
changes
Harlow
30
LIABILITIES—
u
47,600
John
share
per
figures
p.
Gross
Oper.
23,743
$1,129,978
_____
E.
tant
of
JUNE
;
_
liabilities
1947
1943
V
outstanding
2.1%, over the
113,223
.
205,072 I '■
___
current
the
by the committees and the President of General Motors.
during the period
Y NOTE—Halliburton's
$461,784
___—
Wlpges payable
Total
by
(& Subs.)—Earnings—
share—*
per
General Motors
ments
for
Brazil
$15,807
,
6 Months Ended June 30—
167,000
AT
shares
168, p. 645.
L.
the year ended July 31, 1948, and 2,370,040 dur.ng the quarter
Figures for the annual period ending Aug. 2, 1047, and
quarter then ended include the results as ^previously reported tp
Dividends
$628,784
93,000
____
—V.
Mir! Curtice, Mr.
duties on Nov.: l.<
stock
Com.
per
profit
Interest
34,482
POSITION
Capital
Earnings
9,823,680
(Parent Company Only)
$594,302
39,335
19,694
$8,137,783
Reserve
studio and transmitter
complete
i Net profit-..---III™.::.::
12,059,997
er.ded.
ingly
V.
$692,410
1948
„
of
$53,407
Department
$221,341
Cqsh and accounts receivable
;
sale
_
1,240,108
first Bank Stock Corp.—Earnings—
84,187
>>-
FINANCIAL
Y.
taxes
Division,
1,842,475
stockholders,
**'
*
115,896
ASSETS—
.CURRENT
*
,'
$786,217
_
Metal investments
'
42,094
on plant and
equipment
development before write-off™.™.™
Victory bonds
then
the
> Nil
63,756
Expenditures
CURRENT
$0:22-
$400,497
_
Deferred
Income
sub¬
6 Mos. '47
off__
revenue
__
>
6 Mos. '48
Net profit before taxes on income
Provision for taxes
profit
:
3 Mos. '48
written
N.
follows
Months Ended May 31—
income before taxes
Ivan
company
Mines Ltd.—Earnings—
,
Oper. profit before income taxes—
Net
73,<883
$0.15
>
Gross operating profit,™..
Deferred development
Depreciation
Electric's Transmitter Division,
America's first station,
Brazil, will be manufactured at Elec¬
General
General Instrument Corp.
3
6,987,655
during
1946
$2,561,000
; *
*63,572
outstanding.
*Deficit.—V. 168,
;;YYfY> Y>
'
Park, Syracuse,
16,811,335
applic. to
shs. of parent
outstanding
commdrt'- shares
V"'
Period Ended June
Non-operating
>>
1947
$3,746,000
51,005
337,032
on
of
equipment for South
de Janeiro,
announcement
8,461,670
profit
"Net
1948
Drofit-w—-.«wi
♦Based
Rio
20,521,667
to mi¬
jn
applic.
on
com.
.
Corp.—Earnings—
$3,405,363
p. 1049.;
;
'>>>''
_
common
at
Policy Committees and
•Earns,
Six Months Ended June 30—(
per
located
918,062
r
-Earnings
television
2,158,170
shares of parent co.
Dividends
'
Fairchild Camera & Instrument
Net
be
on
sidiary companies
this
of
2256.
sales
to
that
he was unable to get proper replies to questions he put to the officers
at the annual meeting of stockholders which was held on
Aug. 4, last.
He urges stockholders to Join with him in
protecting their interests.
Net
Manager
that
2,033,165
corporation,
which operates a chain of popular
pr.tpe restaurants, by Luigi Criscuolo, 50 Broadway, New York, N. Y., a stockholder, who claims that
167, p.
$1.48
Equipment for First So. American Station
Priest,
1,407,735
Fed.
for
Prov.
All,
Exchange Buffet, Inc.—Stockholders Circularized—
has
A.
3,440,900
Venice,
are
letter
C.
announces
order
(& Subs.)—Earns.
Federated Department Stores, Inc.
of
the European Electric
In negotiable form by
in
the blocked
and
depositor
the
29,213,190
nonrecurring dividend of $5,306,835 received in connection
with liquidation of Electrical Securities
Corp.
:
May 31 of $1,694,040.—V. 168, p. 149.
on
nority
—V.
28,845,927
stock
com.
•Includes
C.
class A common stock of European Electric Corp., Ltd.,
deposited within 90 days from Sept. 8, 1948, and the holders
urged to deposit their shares for exchange immediately.
—V. 150, p. 1599.
A
180,457
42,802,075
to
billed.^
must be
thereof
178,503
$1.12
$2,457,700 of contracted maintenance revenue not
of these customer contracts,
the company had an
was
Exclusive
exchange with the City Bank Farmers Trust Co., 22
York.
The City Bank Farmers Trust Co. will
certlficactes
"
> 89,254
>54,602.339
applic,
161,875
$1.34
share
common
of
shares
161,875
2*
—*—
26,609,647
Cr3,750,000
Capital shares outstanding...™... ' 28,845,927 > 28,845,927
Earnings per share—
$1.01
$1.89
$181,971
May
bilities
share
issuable.
are
of
name
income
„
42,694
$217,331
outstanding
contingencies..
income
224,665
42,694,
™r-.
31,
1948,
current
assets
were
$3,194,293, current
lia¬
$1,452,860
and net working capital was $1,741,433.
Total
On
"8ADE"
common
full
of the Italian Government, the shares of
in the
name
of
their
owner
and
the
received from Italy
as
class
45,000,000
65,842,179'
.
$3,326,524
New
account
from
Italy,
net
Net
Y,
1947
stock
common
23,500,000
*7,259,384
.
Minority and nonconsol. interests.in''v'?*{
to the newly organized Radio Televisao do
International General Electric Co.—V.
168, p. 1042.
in
shares
A
for
Street,
Corp.,
Italy.
exchange may
the
class
owners
William
the
of
Societa
In
scrip certificates
or
registered
registered in the
Corp., Ltd.,
holders
for
and
2,262,607
99,780,847
.
income____
on
58,582.795
'
shares
by
made at the rate of 3,568 shares of
blocked lire for each share of class A
the regulations
must
the
to
available
Balance
1,537,027
52,802,444
(net)
income
Postwar adjust,
Net
deposit in Italy.
Electric
blocked lire must remain
In
on
be
fractional shares
Pursuant
distribution
represented
blocked
and approximately 500
stock of the European
no
Total
This
260,025
taxes
requirements.™.
dividend
Preferred
-
.97,518,240
51,265,417
rev.
equipment
$3,343,442
Dec.
sales__
Builds TV
1948
sales
from
Federal taxes
Inc.)
Co.,
'
;
Income
tronics,
Six Months Ended May 31—
Net
"SADE"
\
Int;f divs. & other sundry
Federal Enterprises, Inc.—Earnings—
European Electric Corp., Ltd.—Exchange of Securities
as
bllled___„______„_
^ 406,803,802
772,761.792 601,342^18:
Costs, expenses and other charges_ 355,538,385 675,243,552 542,760,015
F
Mueller, House Patent Attorney for this corporation
since 1942, has also been elected Assistant Secretary.—V. 168, p. 1041.
(Formerly
:r
$
sales
-
George
v
The
Net
Metallurgical Corp.—Official Promoted-^
Fan steel
Y
-
-1948—6 Mos.—1947
2 Mos. 1948
$
announced
generators,
Eureka, Nevada,
6&00 gallon* per
Subs.)—Earnings—
Period Ended June 30—
-
of oversubscrip¬
evlent
unit
one
^General Electric7Co.
payable—unsecured
LIABILITIES—Notes
to
tion
*
hold
"
at
"'!■
■
The, company
-•
■
Monday, September 20, 1948
.Ji
_
WU.
$13,590,276;
total,
*>>'
Merger Ratified—See Tri-Continental Corp. below.—
168, P. 1042.:;-:- ■■ •' yYy;;>>>:.y yY"v'yyy.;"Y.
Volume 168
Numb€fc4735
(1145^*
General Steel Castings^eorp:—Dividerid ^ui^
:
X.ia"response^
^
" J'^<C^$^JSI»feiy^iw6r^^
:
/ 4
to
.
.
-tteitf»lcs*yiwto.y€^
:.-y
i
6 Months Ended June 30—r
,
inquiries about newspaper reports-of a suit broughtvX
;
;
1948
1947 ■: - ; 1946
Profit-from,' oberations-t_iX_w_Xa^. $12,598,150 $16^063,262 $11,169^391
against this corporation - in. the-- TT/S. District -Court in: Philadelphia-,
by one of its preferred stockholders to- compel' immediate-payment- ori '•DepreciqtiOfflj;,^i;/LXcl.JZ^_i:^.-_tX'iX,...>-:. 409,-753>-;,-'-v-273,481!-v.- 133,647 '
the .accumulated7 preferrecLstQckdividendarrears, Harrison HoblitselleyX Foreignrand. domestte jncoino ahd
•'
<1;
>
excess profits. taxes_L:_J—5,169,271
Chairman of the board of directors; .made the following statement/.
4,628,090 - 5,853,601'.
: "No papers iir the suit have been served
on the - corporation.
Ac¬
Net income for/period—«■ $7,019,126
$5,161,6J1X $5,032,1431
cording to the- newspaper .stories, the plaintiff , holds 120 .shares, of
"/.■v.-... -..:..
the corporation's preferred stock.
x
The corporation, is paying off the y Amounts earned per/, share .of pref-;
;.
erence stock
" : $24.04
arrears
of preferred- diyidends. as '.rapidly; as the board -of directors'
$18,34/. X $17.88"
Amount /earned per - share of com- X
think.- prudent.
;
j
v
Hie preferred'.stockholders: elect one-third of5 the ;
monsfock -IX!—-_k---x-.r-'?*:-'$3.16
members of ;the.board, who have approved the present course of action$2.23
$2.16
as in the best interest of the preferred stockholderst"-rV.
7
lW^ py 1042,
NOTEr^-Net income- for* the: six months ended June SO, 1948 includes s
•
Six Mouths.Eiuled June 30—
Net
sales:.and
♦Pvoflt- from
;" / /v<4'yv
/
1948
1947
"'"'"l946> •/"
vt»per.vrevenues-$66,358,793 '$^,067,028: $47,050,408/
..
9,516,508
39,611.
noperations^/xyy—w;
13,127,744
l>
Other.Income—y— _^r t~-
.
5,816,Q66t-
-
94,491»
-162,787
-
-
4ncpme„^.yy^_y__—rr—yyy ; $9,556,119 $13,222,235
$5,976,853 :•
Provision .foe contingencies.^—1,'-—
. 400,000
Miscellaneous
deductions
y. 73,167 >
89,300
27,562.
Federal; incomeata*es_4_—_-y——/•
3,738,193
-5,409,291>
2,272,428
Foreign income and ,exc; prof, tax-2a,2il
40,744; •
48,976
'
.
•
^
-
•
———
.
.
_
Total
f
.
.
.
_
■
the ^earnings
of
Tonk Co.—V.' 167," p;
Tffe
2029;
'
.
'.
Preferred
:
Gltdden^ Gb.
*
12
Met
Week'sEnded—/.~
• •
' f/V"/
'/ /'/ June
^tes-"/_/^_--/™X_xxxx:::x_:xxxii--::xx:::: -
12, '48June.l4„'47
.
Nine Months
*6,787,065.
6,914,932
Operating costs and C3ipeirses______i__———
6,966,359
.
$1,234,903
of e-apepsei--.^—- 31425
1
Consolidated' r.et 'income———J;——-—1—
$790,042.
Provision
1
net income before-income
Federal &
fer
24 Week;;Ended—,
Canadian
•.'•.V
■■■
;ii'*"?
J
/V
*i
■*.r -;.
\V ///,/'vi":.;/> :>']•A;.r /v:*V-:
: *\r
-•.
6 Months Ended
May 31—-
sales
Net
~-.>xv/X/,. 1048-----
»
prcfit
'
$2,884,202
$4,551,107-
145,835
1,025,000
60,195
651,768
-
_J
income
—
Other
charges —!
Provision for Federal incqine taxes
Provision lor cantingencfes-^-v--
3,565.596
'after ,taxes/__x___J.
♦Earnings, per/ share/
•
.
Profit
•
1,840,000 1 3,051,000
.
'
-
Postwar
;
y
s
$1,713,367
—V.
per
ihare
common
$2,650,912
592,719
y
592,719
;/ $2.46/J *:X " $4.06"
168, p. 345./
.X/"
-i
-
T
y
/ /■
.
$3,237,831
$386,787
'
compared' witti $8,410,551- lit 1947,W-V.'~167, p.' 2686..
$5,191
/
/' The- directors on-Sbpf.yi£ de^re<i: ^
20 cents per share on the common stock, payable
of. record Sept. 20. V An initial distribution of like
Cost of. sales,
Oct.l
to-holders
amount
.
'On-
(net)
and admlp-
expenses-
/-i:
'■
the first six months of'
1948 increased
same period of
1947;
Profits for.
the 1948 period also, exceeded profits for the same; period in-1947.
Earnings
fdr
the' first
six
months
equaled' 92; cents
per 'share,'
which
is
more
than
regular dividend requirements for the entire
;jjfcar.-7
Sales and* profits since July 1 this
year show7a substantial."in-,
crease over the same period for last year/ the announcement added.
V<; 167, p; 2029.'
1
4";'.. .7
— - V
-'7:/'-!;.y
to
announcement,
$710,692 over the
jsales
pn
Operating,Income
fpr
Miscellaneous
,.
.,
,
.'
_'v
-
Georgia & Florida RR.
charges
Special charges
for Fed.
10 Days End. Aug. 31 t'
Period—
"
'
* '
.
Net
...
•
..
^
(
-
1948
-
31
1947
1948
1947
$1,881,377,
$1,743,687
•
'
i
-«
-
>$;••?;
j,
.
,
eb'
r
'
*
**
*
-
Sales
of
$14,074,597 set
the preceding fiscal
Net
profit
$1.58
share
a
Current
current
$652,494,
of
assets
In
the
of
as
liabilities
of
v-.~=: 1:^j,-'7C;7-;7J
a
85c
or
a
previous ,year.
.
^
>
stock.
The
previous
year's
tax
of
$765,000
equalled
4»ach dollar of sales and glmpst $1 a share.
Wages paid to employees, not including, officers,
equal to 38.4c of* each dollar of sales;
.J
,
Capital, shares
<
Earnings
f
to
Dividends declared during the fiscal
70c
share,
a
year
-
share,
period'End.
Total
INCOME
•—'
,
.1
■■
.
$13,964,720
12,151^96
11,168,323
products'
881,674
Selling, administrative and general expenses-—
-.Interest; -expense;
Prov. for Federal income taxes (est.)_„
'
418, ooa
-'Total
'-i-
—
$652;494:
v
$2,215,067
*•
•—
declared
537,250.
■*'
Earned surplus June 30
Common;.shares outstanding—
'
$1,677,823
767,500-
COMPARATIVE
.
«
BALANCE
'
1948
•
Cash
:n
18,424
$675,697
$864313
1947
*
After
.
506,766
504,988
$74,065
$168)930
22,804
23,676
46,124
$58,873
48,514
$50,389
,
4*.*"
•
■'
•'
36^7 •-* "1948—3 MosA^1947
2,220.594
Net
provision
!
$5,756,952
LIABILITIES—
deductions
income
Other.' taxes
Salaries
$650300
-C
537,268
>
$5,107,578
k*
76,750
and
55,676
134,135
295,468
a,ccrudd liabilities—^-———„
s^ck.' ($r i»ar
JX-.-Capital /surplus- j_x Xa.X—XX r_'i--l-'-lLi-X_"i~
Famed -'surplus,
x-X-XX-X-XX
12,440
♦
r_
.767,500
1,204,629
767,500
•1,204,629
1377,823
1,562^79
C
.:-X—: $5,756^52- $5,107,578
4r #After depreciation of $619,319 in 1948 and $433,283 in 1947.
deducting $400,450 of tax notes.—V. 168, p; 846.- : r
■
.y
€" '**
.
"
•*
♦'
■.
.
tAfter
Increased from
/
'
120,000.—V.
to
60,000
1948
May 31—
168,
taxes
income
on
1947
y
'*/
$9,98*9,900
1,789,000
690,000
$12,133,200.
2,530,900:
: 970,000
—
before Federal taxes on income_.___
income
Federal
Net :1ncome-)_/xL>x—.xw-X--, xx-x—• $1,560,900: $1,099,000
Preferred
dividends--————
v : 106,250
106,250
I
•>'
Earned
t$3,032,491
/
of $5
shares
NOTE—Estimated
months
three
net
ended May
t$2.96
shares of
t335,085
outstanding.
value
par
value outstanding.
par
*$1.80
share of common stock_x:-x__xXX/
per
•804,204
$10
-
--
.
income, before Federal income taxes, for the
31, 1948, amounted to $1,433,800 and, after
for Federal income taxes of
income was $883,800.f-V. 167, p. 1470.
the
$550,000,
provision
$1,337,267
1,334,995
for
after
Also
taxes.
1948^-6 Mos.—1947
$2,183,228
;;
$2,271,062
1,334,995
•
: $1.56
1,334,995
estimated net
y
$0.97
for
$200,000
rEarriingSr—/
Hoskins Manufacturing Co,
6
Months Ended
June 30—
1 /
.
1948
*
possible future inventory
Interest
normal
income
Prov.
Subs.)-—Earnings—
Operating income
income. V_—_
Total
tax
come
.
for
Fed.
in-
$2,163,916*
" " 15,891
$1,900,253
^
26,268
/
"«
(est.)———
""
748,000
••
;
•'
■%
tax.i™
/
:830,000:
/
Net
income
Earnings
per
—V. 167, p.
$1,349,806 " $2,653,411
—$1,178,51^
Cash dividends
651s613
share
651 613
$0.62 "
$0,54
*
3,040.863
«•„
$1.22
'
;
&
.
"
'
«-
"(including
.
Other ineoine.
..
I•*:
Total. Income
•
4,018.283
-.
S2.32-
Int.
on
Earns,
shs/nutstdg.—y
f
per common
sh.x
/
1948
$412,895
328,441
$0.97
1947
/
„
$310,023
328,437
$0.65
•/ "' 1946".
;
'
1945**
258,085
$254,747
255,972
$0.88
$Q.70
$303,872
:
_-x//
,273,150
$445,684
/
254/180
21,064
:
$415,050
19,353
/
,
$0.86
$0.92
$0.66
i,/X__lx
-■
,
"y
5,960,292
1,506,340 -/ 7,166,387.
$2,596,890
$9,625,169
$6,465,020
285,475
270,750/
$1,684,117.
67,687
67,687,
■/'
971
431,797
profit
„
.X
971
410,299-
.301,604;:
345,905 '
Prop,
Federal inc. taxes .(est.)
Net
-1947
$12',079,140^
$2,460,003 ($l;570,07i::$9,101,492
$6,118,849
130.887 /• 114,046-:523,67T.
346,171;
and depletion-retired &. aband.
a
*
-$3,136,4.10 $16,267,879
:*
r
debt - disct. &
201,443
,$807,612
1,098.618
1,098.618
$0.73
•j
- X
$1.32
$5,499,499
1,098,618
,
3,989
3,884
1,664,001
79M84
1,395,351
196,104-/
$1,448,925
Com; shares outstanding
♦.A/ter-ali charges* and providon for Federal-income taxCsZ-V. 168/ ' j Earnings per com. share
•/—V/167} p. 2686. v :> »
p. 345.x y >y
v ■> *
^
;'.yy/X:y
nx /:■/- ,ty
(.
195.300
21,960
t.
Houston, Pipe Line CoJ y-//■
;
i 1948--jl2 Mos/
expense-
6MPs. Ended June 30—'
$690,494
/'
bonds, notes, etc.
Amort., of
.
2579;
'•Net- income__Xy__:
11,984
$738,187
1948—3 Mos,—1947»
1.950,664
-
Deprec,
\:
11,775
'$535,979
>
$4,416,667
general- exps.; dc
from operations-
Inc.
■
$5;059;907
„
>.
(Walter E.) Heller & Co. (& Subs,)- -Earnings—
?
$678,510
-
incl. general taxes-x."
;.
S
'
Oper.
•
2,927,230
'
Gross tarns, from open
■
1,588,000
t
.
Period End., June 30—.
$4,063,242
$7,829,036
'
178,169'
158,101
'
162,303:
y
Houston Oil Co. of Texas—Earnings—
/,'
$1,926,519^#2,IW,806~ $4,241,411: $7,987,137*
.
1946/
.$840,813
$318,719
?
profit/.^-—X/.—.™,-™xx_x;
Xx/XXx1
/-V;^167, p. 1470.v/
3,925,020
4,111,883
1,060,410
1,1(60,740
$726,412:
$522,429
Earnings-per share
$17,006,284 $16,164,734 $58,990,466 $57,879,876
13,709,255/ 12,756,056
49,911.397
45,371,219
236,036
184.353
903.944 •
754,601
Other income——
:
,*
■'Net.
—3 Months Ended— ;f^-Years Ended— ---/
28/47 June 26i'48 June 28/47
for
-
'
June 26/48. June
sales
v
$888,651
162,239
13,550
/■: Total./:.xxi.//-^x::xxxix-x/,xyt
Federal
/:
■
investments
on
.
.v/1947 y k
178,091
Selling, admin, and general expense
3 .//IXV..//';//''
Operating profit
.
.1
$700,520
Manufacturing profit before deprec.
$1.63
depreciation, depletion, estimated Federal and
-
Common
iiv-;Totel
*• V
:*** "
to-approval
sales™
Net
-17,230
;t
,
$6,210
153,500'
1424,940
51,190
Cotnmon
X;':'//'/;.
be
-
Six Months Ended
$69,181
781.180
i
433,884
■
Miscellaneous
47,839
1948—6 Mos.-i-1947 :
1948—3 Mos.—1947-'
goods sold_.I„
depreciation—
Sell., gen., & admin, exps.
936,122
;
t—rr_-r~:
■
.Hooker Electrochemical Co^—Earnings—
$117,021
X
will
shares
standing
p. 540,
•
Provision
payable
payable
dividends payable __w„.i_—
Federal taxes on income, estimatfed—_I—--
,
jBhare yy , $2.33 , .:f/.;.:$l,73
/k$3.64 ?, y $2.74
of $i 169.680" for 'debrcciat'om 'and :; deplet?on. and
Cost Of
1,791,778
^
70,389
Accounts
-
$122,806
'.y:://;//;//:):■
$1,890,677 *$3,949,668
$2,499,145
taxes,
Hazel-Atlas Glass Co. (&
48,514
Notes
:
$657,272
1,216,783
Total
subject
Depreciation
:
1,112,290
157,600^
•
the proposal at a meeting
agreement may be terminated by
time prior to Nov. 15, 1948/Heyden
agreement unless it is approved by
Net
Period End. June 30—
P. 2467.
$1,043,985
,
\ •'
'/.The stockholders on Sept. 14 voted to reduce the par valup of the
common stock, from $25
to $12.50 a share and split the stocbk on a
two-for-one basis, effective at the close of business Sept. 16.
Out¬
$622,010
.4
fi
'i
* ■*.*,,
Heywood-Wakeffeld Co.—Split-Up Voted—
l948-r-12 Mos.t-*1947
238,817
/y/-,./,-..,-y y
Inventories, at lower of cost or market
•Property,: plants and^equipment_^i»„
-
"
price decline in both the second quarters of 1948 and 1947, $350,000 in
the first half of 1948 and $400,000 in the first half of 1947/
tAfter
dividend requirements on 30,000 shares of 67<> preferred stock.—V. 167,
$1.58
1,353,179
operafctens^^^^i^:^,."
:
767,500
-
T
.
$81,758
after
nrofit
State
$1,562,579
Accounts/receivable (less reserves)
Est.' refunds of Fed. inc. taxes & reneg. rebates
/Delfrrhd charges
;
$0,20/:
.
4,935
151.
p.
•After
40,000
SHEET, JUNE 30
"
ASSETS—f
\ 2 OO.OOO
•
$314,511
.240,445
earnings
; $1,006,467
shares dutstdg.—
1,334,995
tEarns. per com.- share
y
$0.72
346,375
.,
$0.85
Earping^ p<y: ?ojnmon share-;——
;
'
200,000
$0.40.
#/•>
-39,316
-
-.
$611,999
y
10,010
Com.
$1,907,954
,
*?,.
Harbison-Walker Refractories Co; (& Subs.) —Earns.—
651,919
,
^
.
of Rumford. stockholders who
called for Sept. 27, 1948/
Rumford for any reason at
any
has the option to terminate
the
the holders of at least 75%
of
Rumford stock, the
favorable vote of the holders of two-thirds
of the Rumford. stock being required by Rhode Island law.
/ Rumford
manufactures
and; distributes cbem.'ca's and
foodstuffs,
primarily phosphate chemicals and baking powders, including; the wellknown Rumford brand of baking powder.—V. Ib8, p. 847.
$1,099,695 for Federal taxes on income.
tBased on the 1,030,464
cqivmon shares,
tAfter provision of $732,742. for depreciation and
---depletion.'and $756,785 for federal taxes,—Viyi68^p, 942.y
y ; ^
$1,216,035
1,562,579-
—
,
Dividends
79,554
$309,575
♦Net
Met profit fqr the yeariii—^
Warned surplus July-1-^--.^--^-^-,-;—
Cancpllaticn of reserve for workmen's compen¬
sation risks provided in prior ycars______
1 S;:
V
The
Subs.)—Earnings-
deductions
,tEams< peri com.
3,800
765,000
-
-T
will pass upon
/
811,562
'
5,194
**•
but is
companies,
< 1947
$1,072,362 '
1948
7,$7J
taxes—
Period End. June
$14,109358
of
168,
Net
1947
less returns, allowances and discounts^ $14,074,597 $13,941,400
Other income
34,761
23,320
Cost
—V.
STATEMENT, YEARS ENDED JUNE 30
Sales,
:■
f- 7 v. •
*.
into
Aug/12;
(M. A.) Hanna Co. (& Subs.)—Earnings-
1948
#*
corporation disclosed Off Sept; 9 the acquisition; Under certain'
R; Armour,/ President of Heyden, and- A. E. Marshall; President
"of, Rumford! Works, anriounced that Heyden -arid Rumford had. entered,
,
194B--6MOS.—1947
'Net income"-l.-t-XXxi-'y
'
,
»
conditions, of the: assets Of Rumford Chemical Works. Providence, R.' I.
an agreement
pursuant to which Heyden would, subject to certain
conditions; acquire all <the< assets Of Rumford in consideration of the
assumption of. all of Rumford's liabilities
the issuance tu Rumford
xy-y/'7'/'./y/: "5"/;'
of 99,436-shares
of Heyden's common stock.
■
/
y:</ The agreement'- has been approved by tne uoard Of directors, of- both
$996,969
.
$3l£g02
income
Gross
more
course,-subject to variances beyond; our control,"
V-
This -
Jun^ 30;;;
$320,575
and
Int. &> other
Orders booked
which slightly
X-X
Ga^ Corp.
June 30—
income
Oper, exps.
aggregated an estimated
than $14,000,000 represented busi¬
ness
from the automotive industry.
These indicate consumer confi¬
dence
in
products bearing the Gerity name.
The figures are, of
of
y/y
the year before.
"
encouraging conditions.
Heyden Chemical Corp.—To Acquire Rumford Firm—
r-
:
to
Operating revenueS
Non-operating income-,
;
■
Employees at year end numbered 1,462 as against 1,826 the year
? S>efore.--;t;^
i;'7
7
;?
^^0,"ij/S 5S
'-v
Stockholders numbered 3,956 on June 30, 1948, as compared with
3,227 a year ago.
James Gcrity
Jr., President, states; "The new fiscal 'year began
$19,000,000,
y
which alone exceeded current
Hamilton
-
.
under
/
•/;
$566,418 at June 30, including $199,893
liabilities of $136,654. The ratio of
current assets to current liabilities was four to one.-*-V,J 167, p. 2029. *
totaled $537^250, equal
a
$0.34
.
.
of
.
v i
against $345,375, or 45c
as
x.y '
-
of foreign subsidiaries whose
accounts are consolidated, such
undistributed.earnings are carried,in miscellaneous. reserves—V, 168,
-743.; -/1
> ' /
:
'
1'. '
■
-
$205,856
y,
"
Current assets amounted
cash
tataled $5,420,254,
988, equal to. lc of each dollar of sales.
outstanding-
sharexxx--——v-Xy-x-s——/-
per <
/•After estimated taxes,
salaries totaled $139,-
officers'
:f/,-y/xyy;
,
against
The
net
cents
of preferred.
iAv
; .f yy
Six Months Ended June 30—
1 ?
*
"
Sales : ——;
♦Net- Income y-^-y
--a-X——y-yy^-yy-y--—- ;
as
$*&
shares
case
139,946
-5
affected by adjustment
is
<
working capital of $1,921,797 compares with $1,672,541 the year before.
•
Taxes
payable to the Federal Government approximated $418,000,
equal to 2.9c on each dollar of sales and to 54c a share of capital
;
tax
^
2029.
p,
17
v
;
$3,378,797,
2.32
to 1.
$ i' i 56,352
(Formerly Great Lakes Plating Co.)
share, compares with $1,216,035,
June 30,
1948, totaled
$1,457,000,
a
ratio
of
and. 8,706
was
"
high and compare wittr $13,941,400
'
* i'r
new
year.
tax
Great Lakes Industries, Inc.—Earnings—
The annual, reporl. fqr, the. fiscal- year ended June; 30/ 1948 affords
;;the"-'ioUowih8f-'^^/:;r:->;-''?7^=;'i:
„
which
on.
J
tAfter
in' 1947.
and' $908,082
:,„NOTE—Consolidated pqrned surpjus includes no 'undistributed;.earn-'
.1 ings, of foreign .subsidiaries,, all ot which are' wholly owned.
Iff the,
/v./.*"
$1,634,317 / $714,886
*$981,584
Nil
V
'■ $4.27 * f ^'/ :: $1.87.7 /: ■. , Nil
^A^y/yv/yyy;;
'
"'
,
19,390
:
343,849
i
:
/
1948
y
k
v
45,641
y 147,980
t212,000
for Federal income
tProvision
1946.—V.: 167,
•*
*
•GerUy-Michigan Corp.—-Annual Report—
,
$402,153
Assoc.'at'on of Machinists' strike from< March 15, .1946 through
1946;
The latter strikO was settled and operations resumed*
7
:•'».(
>
V' ' 36,928
•$618,345
•
-
;$365;226 ;•
9i373
in
depreciation and amortization/bf $47,388,743 in .1948 and.
$44,529,780 4n 1947: ^Adjusted: for '"purposes of-comparison,X § Including
p^timated liability on claims of $156,755 In 1948 and $125,406 in 1947/
1!Represented by 2,711,336 shares.
»»77,916 shares-Of: common4 stock
paid in prior years but not 7
ilncludes shut-down expense due to CIO gen-era! steel strike from Jan. 21. 1946 to March l, ,1946. and
Internationa^/
1042.
p.
:
of $929,031
for
,
,
.
—
by reason .of, items
allowable .until 1947,
$67,328
—
$67,800
rcvenues____-
—V. 168,
V"'- ',J
„
,
$1,120,507;
1,282,000
tax_
profit
/ ♦Lots.
-
.Jan. 1 to Aug.
„
--
188,050-
"_^IXyI^-^X—XyX^-^-^Z-X^Cy—^ .$65,422,8781 $80,703;710
*After- reservSs
y
p.
"
Operating
br
;
—38,146
- -
192,113
inc.
,
Operating Revenues^—
$3,174;191
65,761
v
Interest
Prow,
41,747
,
^n^me
330,386
accounts
reserve"
525,737:
.
•$627,718
$1,082,361k
,?
■
Earns, per com. share--
in
,545,043 - 7/ -469,748'
.
$3,432,444
•_->-• •
income
vV•!^ 7;'1
:
Tbtal
*
(
ii,897^246" "10,645.589 i\
y
Total
t
.
11,360,793
11,353.613
Depreciation
waspaid
^
July'T/:1948tX//y/xyyy/'/</y^
According
charges——y-.^—y—^.—704,874
•
,
sell.,, gen,
"
269,388
LIABILITIES—
1645' (1948 .7v.;x'ii947 Ch y1946 •,
$1,457,577 $10,936,551/ /■
$15,Q31;100 $12,912,903
June*:
6 Mos;>End,
Sales
160,908
.
-
.-i/
■
J ;Granite City Steel Gov^Earnings-^
.v
Genuine Parts Co.—20-Cent Quarterly: Dividend,? Etc;
,
.
.
outstanding/^
.
592,719
50,083
; 160,908
301,416
y
_
,
237,350,
:
.
Number pi common Shares
taxes-v—
-
:///
■:'//-/>: - // ■ y//
payablel———X—y_'—X„ : $2,644,558
$3,304,796
-X-"
3,415,852
1,123,555
Deposits for returnable- containers-_^:_XXy—_'_/
1,080,874 x 1,272,153
Preferred dividend vdcclared_y-yy---yX-/x_——X
109,360.
109,360
U. S. and-foreign, taxes on income:uL/„X/j-XX * 8,389,287
*• 9471,688Reserves^for .insurance——
.1,076,921'
! 1,323,46$
Resmwes- icr pett6ions_y-_y_y_—yy———^
/i.jo*, idL 6,763,788.
Reserves for cont irvgencies_y—y—_y—^——^li582;840' ' 1,582,84q
Miscellaneous reserves_i—y_X
224,426
J 175,489
5%;?preferred^stock (pair> value $100)—-y 9,619,400 i 9,619,400
HCommoh stock, ob no par value_y-_l_X_-i.-:——
16,945,850
16,945,850
Capital .surplus—-xkx-tx-X——y/X—y—X-XyyX ;/4,112,456 - 4,112,456
Earned surplU3^--___-—_y-y__—i.;
_y——
30.433,748
26,776,344♦♦Treasury stock; at cost (Br)-'xxx—-l-xy 1,577,475
1,577,47a
'
Earnings
7,754,448
Total „_k—_-y__—y^-x-x——yy—X—x $85,422,878 $80;703,710
Accrued
1,398.000 y 1,396,000
$0.28
Earnings' per common. sha're_-.X_^-i—.1-XX-k
;," $0,28
$10,481,843,
Sales for the six-month period pf 1948' amounted to
shares
10,459t731
Accounts
;
1948 "
$5,955,909 $4,727,792
r 679,830. y 624,13 J
r_-
before:'ihcqme .taxes/k-ij.l.j-V.-i-^—"---?- 1
Common
refund of Uy S.
Deferred
;
1947
>
v
^
j*
.
Met.profitvkvxk/-^XXxi-^-i-i:i—:U—$420,830
'*;
1,900,006
- —v/
j
..
34,8i5/J24
and
Other/ assets—
* ;" >
•
-lacom6,''taxe8/;^^^xk4ix»x^xX-1—'2W,ooo.
76,188
V '
,
Xf/
Salesrix— --X—:
$7*365,019
—_y——2_—-
property—-—.:-—— '24,947,354
Investment in foreign subsidiaries not conyol._y
50,0X3
/
3 Months Ended June.30-^
.....
,
Goebel; Brewing Co.-^Earnings—
.
;•
y•-
821.56j.49J $17,432,3
- 9,723,581
9,43t,04l
X
tPlants
.
ori 315,000 shares outstanding.-x-V^ 168, p.. B47. '
/yBased
/
^
.
Net/ profits
.i,
6,815,571
985,511 •//: 549448
»
,
i.•;:...
: •.
•;:
'•
Materials/supplies and. wdrk in process^.10,519,803
Finished, products—
———*17,449^363
-1946
—
2,232,434
Other income
Total
194T-/
x
depreciation
after
.(
/!-.>'■
♦Acommti:.: r«c»itftbley--l_—y_
Inventories s ..:
;
1948 ,7 ■
1947 ^ .
,
1946 * ?
Mot ; ^$11,110,340'. $5,807,795
Stated
j ' ;; 652,887 •
173,907
$25.9.057
.
396.410
r
107,822
$0.82 •
>
$1.26
$0;34
'
-
1,316,710.
•
$1.30
';
. :
Cash-
/
profits before taxes
$46,782,583 $61,716,823 $48,071,662
-_X/_—_
Operating
sales
Net
..'"V',.
>:7:J
"
Months Ended June 30—
Net
$940,816
:////•
x-x '
General Tire & Rubber/Co. (& Subs.)-r~Earniogs-rr
>
Glebe Union, Inc,—Earnings—
6
.
CONSOLIDATED BALANCE SHEET
';iAS8ETsW"i/':.:,/''--/v'/".:
> /•'" juhe30/48.lDec.il/47
304,041'
r
213,720
v -
deducting depreciation and. amortization of $3,082,433 iil l948;
iff 1947 and $2,162,424 iff 1943, and $2,2J7,763 in 1945.
/'■■/■•
.■
y
>
.
—__——X—$1,591,121
-
f
.
$2,629,885
218,720
1,843,3J4,
$2.0J..7.
.S2-6&
$3,456,108
1J
.
June 12, '48 June 14, '47
V'r-
••
.
-;
income
taxes
•
■
Consolidated, net income
—y, 167, p. 2256..
.
Hpirofit:
$442,156
<net
Consolidated
1947
f54,202,488 138,584; 700
5,630,161' ; 6,0«l,762
Common, shares outstanding—,—
1,754,750 y". ,878,900
Earnings pec common- 6h»re—__—$3.02
$6.54
—V. 168, p.; 646.
■■..
/
$746,197
taxes
SI,306,328.
516,286
Other income
XX-
__
♦After
>-
1948':,
-//• /,;' ••
sales/
Net
$720,796
25,491
i ncome
(& Sub$w)—Earnings-
Ended/July 31—:
$'
'
operating
$7,312,900-
"
218,720
dividends—yy.—v——-4
Earnings ,per commqi) shafe^/-;--—r
'
Net
Met
v
Common, dividends—.—/—.y-w-x_-..1^)43^94
Gea«ral Tiia»« I»«trtii«ic»ls €or*. <& Sabs.)—Earnings
'
Net ;earnings_L2iy_y^4^—. $5,719,518
;
.
$5.00
1,618^560
'
738,217
y,.777,209
$3,043,570
1,098.618
$3.77
/'
10
5
*
ft
(Including
•
ft:
metals
of
value
sold
Operating costs
—W.
Miscellaneous income—
ft/ft 7.869
;!£■ 5,070
10,344
-
■
$982,925
Ilepreciation
JProv, lor inc.
U.
$636,867
$1,834,772
J93.067
23,543
$191,898
in
319,364
174,281
615,796
363,931
in
taxes
;. Net
income
">"i $570,494
461,900
——-•—
Capital shares outstdg._
Earnings per share——
$439,042
461,900
$1.77
V.
167,
iron
Co!
1
Gost
of
L
-
Gelling
expenses
excluding
1946
>:
3,326,531
81,839->
;
Admin, and general expenses (inch
-126,475
Contingent Compensation Reservei
Jncome
charges
Provision
income
-164,279
•
& ? Trust. Co.,
*108,£>95
-•
'/
14.834
8,305
7,444
—ft—
(netl_.
Federal
for
Reduction in res. for contingencies
equal to research expenditures.—
ft
$150,216
Bhares outstanding
Earnings per share
*
Based
$462,474
201,880
201.880
100,940
$0.74
$2.29
*$0.51
£:
shares
funds
$104,734
.
201,880
on
100,940 shares weye split-up on a
Period End. July 3L
■
1948—Month—1947
revenues.'—,,
oper.
rev.ft
Operating
$347,350
.
Vncollectible
the
ft:"/Operating
Operating
itent from
695
251
$346,655
revenues..
$250,954
268,683
expenses-^—
217,897
Net
Net
50
40,272
.ft.'"1" 350
265,467
$14,607 '* $236,990
$175,060
after charges-—-—
*Loss.—V.
168,
r 350
:
21,938
132,397
*1,468
series due 1978-^.
Common stock
"Unlimited
72,040
ft
of bonds to be
Three Months Ended June 20—
Production
».
sales
and
-ft
$1,021,394
Manufacturing and oper. exps.—
Maintenance and repairs
—ti_
Administrative and selling -.expenses
revs.
<
ft
74,750
..ft
ft-
1946
570,009
83,563 ft "ft
ft.
47,748.
42,025 ft/
H 35.877
-
Insurance —
L—_——_
Taxes, State and Federal,.other than
Federal
income
taxes
8,261'
'
i
5,630
ft
■
27,618
5,252
20,555 ;
ft
18,818
'
/
Net
*■
operating
Noiioperating
Net
^
<
''
$186,678 ft:
$166,630
$186,678 ft
$191,630
receipts—
deductions—
ft..:,:,
_
Net .income
;/
75.582.;
193,783
$111,096
i
*DeliciL
:ft
.
ftV
41,292
1
'
/," 'ft
cents
Xles,- $25,000;., special
unbilled gas
sales
hand, $411,911;
deposits*);$6,137;
"
Co.)>;fe
XJ: S. Govt. s6chri-
.
-
accounts.^receivable,
includtyg
•
(iess reserve for doubtful
accounts), $343,242;
.....
.
.
t:
.
"
stock
of
no
value
par
(authorized
(par
-value
•iiOO,000 -shares;
Indiana Harbor Belt
Itailway
Railway
Net
July 3;
oper.
rev.
expenses.-
Net
-
ry.
•'
income
Total
■:.•
464*
;.".i
45,115
'+■
f
•
?
•
'
■
Donald
were
priced
at
and
was
bid
for
3/bs
and
awarded
Sept.
ioo.isgg
Dillon,
for
14,
3s,
on
Read & Co.,
JWte? piices l' 1948: ^Ue Sept8eiPt" langing from 104%
at
at
r
Ripley
1978>
prior
prior
to
&
for
yield
director
William
cpm^btiy.';*
system
In
under
the
accordance
the
Public
with
ft/:.'
^
merger,
691,427
$739,913
45,015"
.53,373
$371,287*
152,000
,r,.
51
$946,704
ftlS.OOO
$784,928.
•
388,000
322,000
30,000
30,000
;
fly.-, .;
ft;
"ft/i'/V
'ft...
...
British
in
25,000
■
,
'50,000
"-ft----ft
ft
$2^3,273
shares ontstand.
Earnings per share-.—
221.740
Capital
1947
NOTE—The
loss
Oi'
relating
British
i
'
71
221,740
$0.81
$2.38
earnings do not include ahy" profit
net
1948
'• •'V
$528,704
221.740
$1.23,
and
to
,
$179,286'
advance
investment in, and
to
Limited,
Intertype
subsidiary.—V. 167, p. 2468.
Investors Mutual, Inc.—Final Dividend of 34 Centsr^- directors on Sept^-8 declared
a
fhial quarterly' dividend dis¬
The
«
tribution
for
the
fiscal, year -of
shareholders
to
*
of
record
proximately
19 cents
entire fiscal
the
•lor
dividend income
and
ends
Sept.
30,
1948.
cents
34
Sept.
On
■
wa$:
Sept.
last
27;
iwa-iev-ijwhrich
share,
per
payable
Sept.
29
Of this distribution,.' ap¬
sale of portfolio securities
1948.
16,
derived
was
from the
year,
and approximately 15 cents from interest
during the final quarter of the fiscal year which
Distributions of 12 cents each were made on
JanftftBIft April SI >»nd/July 21,. this-year.
i
year;
a
brought
•
ft;..
<
-final 'distribution
total-payments in
>
the
-
fiscal
z '4 ft
shard
•
pdr
cents
27
of
year-ended
•;Sept.i»3O^'404$ td)63
1948
E.
Crabb, President, reported that het assets as of-Sopt. *2,"
$125,007,032, with shares currently held by more than 64,000
v.ere
$35,981
•'
The
principal
Investors
distributor
investmen'
and
the
of
manager
Is
Fund
Syndicate of. Minneapolis,—V.. 167, p. 2789. ft
* - .$14,129
Jack & Heintz Precision Industries, Inc*—New Pres.—ft
The
capital
p.
President, of
fill
to
the
.
Homes.take
vacancy
also
Copper
director
a
General
as
■
Corp.;
Empire
the
Co.
Trust
Mining
Corp.,
of
he
York,
New
of
168, p.
$5.50
of
or
share
May 1,
1948.
per
of
ft
CONSOLIDATED
-
is,
INCOME
ACCOUNT
FOR
on
continue
as,
of
ft;ft. 'ftVft-.ft;ft
'
'
r v*.
'
,!;.ft:ft,ft-ftvftft::;::ft
/'':
.*
Total " sales
Cost~of
and
>-ft
.
;;'' '.• ft /' >':S>
ft.
.
i
of, the .Central
System has
company
the
of
firm
>p& s
f
'•
,
yp:
ijh
»j
*
The
Oct.
or.
consider
5 will
proposed
a
increase in
the
stock
common
plans to pav a 5%
stock dividend on the present
outstanding common stock on Nov. 15 to holders of record Oct. 25.
;
;
company
indicated
The, directors
would
be
that
continued
the
Hepoit—
present
40-ccnt
the/-increased
on
i'je:
1948
"
companies-
110,918 fti
126,882
;./• i
iUft.* •' ff
from
——-ft—
242,646-.. nlOO.413
—-
subsidiary
foreign
-ft'
consolidated
not
'.ft; 1947
$27,507,067 $27,143,713
earned
Dividends
cash
shares.—
-<&-*IVhelly-Ownedi^^HSubs;)*—•
-/Net': Sgles ■"
Interest
of
v
ft-;; Years Ended June 30—.ft..ft/.ft...//-•
■
quarterly
number
--
-
.
A Julius)iiKayser - ■& -€o.
/
MONTHS^
1948
purchases
on
Miscellaneous
income
—
102.086
—
(net)—
ft
..
1J 93,838
45,(B3
124,771.:-
••.ft.- '■ ' V' *'•4 '*
bft'*
1
't4'■ u" * ft"
ft..'/
and income--—-ft—— $28,087,488 $27,509,879
Total sales
vft-ft 1947/..-
and. „amqr.t,—bfiildings,. alterations *' / '
furniture and equipment-ftft~~T63,505 ',-?3
improvements,
./,.,.
—lift.—
4,548
income
ft.
.
96,340
-.4,548
——1—1-/lvr-i—1--- $1,002,099 "" $582,740
Balance ft_—
Other
*
Provision
■ft..1:
^
-
(-net)__
—_ft—
* 99,663
*"
44,051
-ft-_T—____ $1,101,762
$626,791
//__llt:r_V ftft 51,188 ft ft ?I,000
paidL_-_—
for; Federal' income
'•
■ 1
taxes'—
•
♦•
.
——_
ft
-*
;'
.
464,229
-
.290,880
—.—-—-—r
$314,911
5;033,088
ft i-'j 'Tot al ,i_—ft—•—$6,428,557' $5,347,999
"
'Dividends
"utflitv
acquired by
his.
_
The stockholders
authorized
ft)
Discount
$30,867,297 $28,179,635
andi admins exps.1-1.—: > 29,897,145
27,496,007
Amortization—leaseholds
or
of
and
to
Cost
,
sold.l
of-products
20,113.443
—
Selling & adm. exps., incl. adjusted compensat'n
franchise
State
& Canadian
taxes
Earned
Earnings
paid
on
surplus
per
'19,590.816
3,569,048 ; 3,5611,738
ft, 143.100 'ft1 "119,700
1,566,800
' 1',660,300
taxes.—
oh income'
'
sales, oper.
Deiireciqitio^
on
Indiana
State
time
Vice-President
a
ft
Net
Cash
.earnings
dividends
Ghares
Earnings
f:
ft
'
•
'ft
'•ft
$2,695,097
paid
outstanding
"
>
.
'
■
ft.'.V
'ft'.
* CONSOLIDATED
'
-v-1'•ft."/
BALANCE SHEET
JUNE
ASSETS—
common
as
at July
common
stock——ft—1
31—
share—i—•
308,946
308,946
$6,119,611
$5,039,053
$1.90
$1.02
•
S.
Taxes,
Other
..aqs^tf _ftr—.^ft'_ft___——
Investments
..*.
ary
insurance, etc., paid in
rents,
in
&
companies,
advances
to
1948
Total'
—
and
goodwill.
—
1
1947
,
$2,162,085
'4:463.060
2,454,970
1,885,620
5,893,694
4,467,936
104.658
76,017
ft; 331,436
'218,715
subsidln.
not consolidated—fti.j
equipment-——__^
trademarks
$3.50
30
4,067,387
,Jft—
1.471,835
'1,360,075
;
3,895,838
-2,916,603
__ft
1
1
Property, plant and
Patents,
3
$1,237,900
,
advance— '
foreign
740,000
-
V
/'ft / '//ft-/
•;
-ft.-—li———-——ft
Govtftobligations (at cost).
Trade/accounts receivable (less reserves)——''
Inventories ft
'
__ft—
U.
i >1,110,000
$3.67
.n«../vK'-V" '•
'ft/-
$2,58.7,825
1.290,125
734.000
—
share.——
per
,
—ft—ft
—.———
—
Cash'
laws
board
his
The office of Chairman of the
"ft, ft. -ft
./
-
will
and
v*' •-;
dividend
'
SIX
the
of
devote
to
Johnson & joHnson—-To Increase Common Stock—
847.
\
him
Manager of the company.
Donald
•*'
;
Co.,
The
common
ft ft
Chairman
as
-
is
Commission.—V.
Energy
Foy
permit
xrf Robert Heller & -Associates, a nationally , known-/management en;gineering''organization.^""
t
Mr.: Foy will - contipiie "as a "direcldr 'of Jack /dc :Heintz.-nVr?»168,
p. 152.
"
'
Mining
addition;
to
""
on v the boardmember of
Homestake
C.
Byron
^
Cromwellr former
of
of
company,
board was jtbollshed.'.
151,
Mining
.
the
interests, was accepted at a special meeting of the board of
'.directors held Sept. 10, which elected Kenneth G. Donald to thq
office of President." Mr
Donald has been serving for several months
Canada*Xifi.-T^evVftfeirector
Nelson
of
other
$2,887,6.76;
surplus,
resignation
President
Provision for U. S.
ft '
-any
Dar
mortgage fynds
Electric ^o,. -wl)ich • Central
of
36,879
ft.
839,865
$893,331
,15,000
.
.
„—1—
■
Cc., and American Trust Co. of San
Consulting Engineer for the Cerro de
Chairman: of the National Minerals Advisory Council and
the Advisory Committee on Exploration and Mining of
In
-Net Sal€St
*
-
,
to
transact, business 'in' fhe
agreement
"
$489,273
subsidiary
/ft Own";departments_/_——11—— $25,968,295 $23,531,901
•/
ft/Leased-' departments.,/--—---I'w-•• 4,899,002 . 4,647,734
ap-
102 31
SEC {o coristitute a single "liiteei*atfed
Utility Holding Company Act of 1935.
an
ft
24,051
>
against
reserve
3Net "bhrnings
ft
>
1949
^ihpahy ;is, aiuintpgr#! ..part
•
v.:ft 36,610 ft
45,690
201,000
conling
investment
—50,110
primarily, jui operating ellotric' utility.:-In
February, ''/ftjt Net" lncomelft-'iftsli-ft.l*/--lftl/-ltiuilIl^}_ftli.-'^586,345-'
1945, it acquired by merger,fhe
Earned surplus>as; at Jau- 31-^.—ft— H.--j-.;-"/5,842,212
assets,of Indiana General Service Co
ft
'Redetermine? by>
acterminetf
Addt'l
•Aerdmweltftft&ftl'ftrft*;^
is
Total
the
$1,468,220
'
Halsey, Stuart
Sejit.: lj- 4949•'to'1 nai*
1925. .under
(net)—.ft-
taxes
for
Reserve
.34,726
—
—-—-ft'-
$489,973;
par),
McLaughlin,
a
Sun* Luis
Atomic
Interest
21,
t0
Pasco
$1,898,000
as
Trust c°-
COMPANY—
Or^anize^ -,Feb.
'^°^any ' ^-a.,s°: fauth°lized'
Michigan.
It is
$1,778,885
$347,236
adm.
gen.
Earl
wsSvtSteS
of certain
1948—6 Mos.—1947
Yftft
$722,597
'
- *8452,663
&
Provision for
stock, compared with
'unaudited earnings for the preceding' year ended July 31, 1947, of
$963,000 or $3.12 per share of common stock.
The stockholders were advised in the company's last-annual report
that it had "concluded an agreement with the Metropolitan Life Insur¬
ance
"Co. for a loan of $3,000,000.
This financing was consummated
*$143,763
.
callable-at
1
'
•>
inj«»
1948—3 Mos.—1947
$918,635
ft:Tbthl ^nOOme __11—/"
Interstate Department Stores,, Inc.-r-Earnings, Etc.—
the year'ehded July :31„ 1948, unaudited earnings were «qual
to
Co., Inc
3yBs •'
'
Bonds
to-Sept.
bonds
^i*ne through application'
°^?8t
r("(ces fangingyjrom 100.79
100.419.
102.1599
after Sept. 1,' 1976,1' In addition, the
fm'JS:
,
bid of
a
Inc.,
'/"time
;
de
Co.,'
,
V/.i.*Yv?'
interest: to
^
Harriman
....
356,922
group of,in vestment bank-
100.79
'
'
payable, $5,719; 'provision for general taxes,
($1
elected
McLaughlin
.
a
or,
J
jr.; 188, p, 346.
J306,393
'
proximately 2.96% to maturity.
issue
stock
firm -of* 'Sullivan
:Chairman
publicly offered. Sept. .1-6, a new issue
$2o,000,000 '3% first mortgage bonds, due 1978
The
The
-
,Paseo
20,925-
'''
..
T
shareholders.
ft-.-.
Hamilton
been
'Cerro
>v31,929
$14'644 ^*486,556
V
w.j
22.845
4
r
by*the death, of
..'Franc-isca.
^'^^9
'
has
Dr.
638,115
—
withdrawal
Other Income
For
41,801
v
,-First Boston Corp. headed
bonds
the
.
.
Indiana & Michigan Electric
Co.—Bonds Offered^The
of
^
employees' comperisaUoh.———-,.
common
'caused
*$159,238
3,310.
?Defi?U?^v/lS~pf647 $186'56,i
•
v-
$59,755
deposited
ftl"Pfbfit'-_:_/-——-
*$191,167
4,371
„.
,3,222
charges
fixed
:x
—
$234,923
for property additions; and $1,200,with corporate trustee under bond indenture, )
against property additions^—V. 168, p. 945.."
be
for
443,128
quarterly dividend of 2%
stockholders of record Sept. 22,
to
ftt ^international^Nicictei <^0. of
v.•
S'.
deductions
$55,384
the
with
statement
thterty^c -Cdi^.^Earhings4^^ ft
ltirAc
Mr.
the
,.:>v 5,342
,,¥/•
Misc.
30
t
"^•'•'?» V
-v;:
mortgage bonds,' due 1978.
The hamedetermined through competitive bidding."
be
exps.
'by the
;
LIABILITIES-^Acoouhts
1,698,496
$229,581
'ft.''.'vft'.'ft/ ./.ft
ft
Iowa—Registers With
registration
a
1
purchase agreement and
will
n
,
$1,310;
$2,145,444
?
''
proceeds," $2,40C,0Oo is to be' applied to prepayment of promis-J
$1,400,000 will pay in
full the $724,446 balance brt a
and
Sell.
initial
an
payable Sept.
fcrofii—1.
.Net
Co.,
•
....
'
Total
-
limited
ft Deficit since Dec. 31, 1941, $122,491;. total, $3,262,187.—V. 168,
RR.—Earnings—
oper.
income.^-.
ry. nper.
Other income
and
Dorr
fr.
'
18.440
;
,
120,000 she.*
,1,155,000 shs,
$13,990; total $3,262,187.
4948—Month—1947 7 1948—7 Mos.—1947 i
$2,009,813
$1,617,992 $13,270,000 $11,959,687
i 1,470,092
1,315,184
11,124,556
9,853,445
Railway tax accruals.—
Equip. & jt. fac. rents.
filed
10
1
notes,
,
revenues. ,;t
oper.
¥
- ^
before net p-rofit' on investments—ft—
investments and advances.
Loss
Dr.
Period End.
'
*
*<l
'
'
BAtMcrSHEET, JUKE.30," 1948
~'
ASSETS—Cash. $84,724; accounts receivable, $3,612; investments and
"advances (at fair' values), $3,159",861; 'prepaid' arid deferred items,
issue, 23,400 eharesi,
per-bshare;('.authorized
issued, 167,000 shares) and capital surplus, $1 423
surplus, $198,384; total, $3,795,085.—V. 168, p. 151, •
* ,
earned
l' ,V*
'
first
will
profits before de/ preciatlon '
———ft
Denreciat-'on —./
ft.-ft
,
ft
and
50c*
declared
547.
P..
*--*••- -■*
-**
• •
•Net profit on
-
stock
common
'
...
payable, $198,634; dividends on cumulative
preferred and common stock declared but unclaimed, $1,155; accrued
liabilities, including Federal income taxes payable over the
year'1948
$194,742; customers' deposits, including interest
refundable only on
chscoiitinuance of service, $101,647;'Customers' advances
for construc4ion, $3,341; first mortgage 4% sinking fund bonds due
April 1
1956
^$495,000; reserve for explosion damage
claims, $12,619; $3 cumulative
81,170,000;
.
-(
LIABILITIES—Accounts
.
' '* r
•'
Sept.
on
$5,000,000
Period End. June 30—:
ft-International Mining Con>.^-~Eafnings^7
'/ft,^
.i:'-■:
EARNINGS FOR THE_SIX MONTHSjENDfcD JOTE 30/1048 ft
income,
—x-—:.,v,.' $31'464
Officers'
£20,315; cost of work in progress not allocated, $307,502;
lands, buildings and equipment (after reserve for depreciation of $3,884 878)'.
$1,919,654; total, $3,798,985.
*
t
tAfter:
1947.
in
deducting
V:
' J"
the
"
Exi)ens6sCft--ft--i-cJft-_LLftI__—
invenv
.tories, $722,250; prepaid insurance, $9,437; accrued interest receivable
£305; oveE relining expense deferred, $33,230;
other, deferred charges-,
"
168,
•
-
have
share,
per
ft—V.
consolidated; balance - sheet, - jhne 30, • 1948
(Inel': Terre Haute Gas Corp. and Wabash Coke & Warehouse
-directors
The
*
■
ASSETS—Cash in banks and eh
$245,469
.
;
^Stampin? A*-Mfff^Initial Dividend—
Industrial
ft
-
$62,784
'
$18,408,463 $14,062,178 ft
and
1948
in
ft^^:ftftft:¥ft;ft/;^¥;ft/./;//ft;¥ftft;ftftftftftft//ft/ft:;ftVftft/:j;ft :¥ft;//'ftft^'ftt:'''/:ftft^
■'
company
available
lrurchased by each are as follows:
F, S. Moseley & Co._ft-_ 1,500,000
UV;.'1^8,'PV 943.',
$104,076
*$2,152
ft,;:/
.
—i«.
;;;
ft/
1,915,949
5,039^53
_
$104,076
;
25,000
ft_
income
^Total
V'
income——
y'-'i■
•
covering
.000
,
55.429
'
•
•
f After
Of
Robert W. Baird & Co., ft
v
Inc. -ftft._ft-ft_-.i..._ - 600,000
iderr111 Lynch, Pierce, ,* /•
-ft-ft-; The ^fiOblmsbnw
: v
• ■-■>■■■■
Penner & Beaner—ftift 2,900,000
ft.' Humphrey Co._ft._ft.ft.
250,000
f(6alo«non Bros. & Hutzler 2,900,000 .; P. 8. Spvfthers & Co;
250,000
^Btene-& Webster
j
Indianapolis Bond <fc ft, ?/
)i Securities Corp,______ 2,900,000
Share .Gorp.
—f ;200,000
Central Republic-Co.
ft •'
Harrison Ac Austin, Inc.i-? 100/)Oo
•(Inc.)
1,500,000 • Harrison & Co...
'100,000
Harris, Hall & Co.
> '
Albert McCann
..^-ft.
(Inc.)
lift.'...—i 1,500,000
Securities Co., Inc.ftj.ftft IDO.OOp
V. C, LMigfey & 00.-.S 1,600,^00- —
.
■*: « -
ft. 429,237
$354,263
the' underwritefs
Eastman, Dillon & Co.- 2,900,000
Kidder
Peabody & Co.. 2,900,000
j
$888,414 i*t $648,491
676,339
oper.
-
*
/ft: 1947
1948
"••
lease
The First Boston Corp.2-$2,900,000
(& Subs.)—Earnings*—
shares./
sory
25,000,000
/
.
;
.
l,250t000 shs.
-
ftft-J
of
reserves
of
UNDERWRITERS—The names of 'ihe uhdei'writers' and' the principal
.
amount
Indiana Gas & Chemical Corp.
250,.000shs,
.
1,580,252'
1,580,252
for depreciation.; tAfter reserve for amortization.
The
program
$22,500,000
the maximum amount, but issuance
to
50,000
Gross
..
(nq par)ii'—
as
2,100,0(00
Interstate > P«Weri C«., DuUuiiue,
SEC
—-
ft
,1,700,000
349,480
^RepresentedU.S.^ Treasury, say ings notes a U
plus accrued interest of $1,000,000 in 1948 and $250,000 in 1947,
•'•*,'
'•
(ft
requirements of the instrument under which such securities are issued,
646,
p.
T
ESFFECT^- TO" PRE8ENT FINANCING
Authorized
Outstanding
,
293,197
year.
one
50,729
303,946
cost
-
Cumulative ^preferred stock-i.--:_iii_—* !.
Wn'k series (par $100)
ft-—-.*-
180,91$
$37,650
*
3%
•
oper.,.
income
oper.
f,
420,492
,
first mortgage bonds; •
*Unlimited
;
Vhlk serins due 1969i_-;—,
ft
,
'V properties
•Operating taxes
•
'/*<■>
*,
£.i.
,
730,191
;ft;
(
•ftf-ftVft" 16e,./p.ftX04^v
company
•
>"■ hooo.
of
by
.
532,278*
502,712
3,000,000
stock
-
to
CAPTTAL! SECURITIES, GIVING
V
—
ft—
liabilities—^^-ft.
payable—doo within
T: * After
.
lease of oper.
lease
for
-
pi^e?-.faqllltieS^-^----^ift-ft_---"^-ft-'-.---''-ft--—•—ft<— -ft-3,407,000
1,739
2,674
$2,325,385 ft $1,743,086
1,386,757
1,823,578
properties
Rent
$1,744,025
$2,328,G59- :
'
126,894
ft—-.ftft ftft 376,855
income-———
on
,
$1,471,778
949;'
119,611
rcsei*ve
for the years 1946 through 1951, inclusive, is estiZ
amount to
approximately $55,232,000 allocated as follows:
generating facilities
—
$32,404,000,
Substations .(transmission'and 4distribution)___>A-——4,607,000
Transmission and distribution (other than substations)"____
14,814,000 '
of
1948—7 Mos.—1947
$251,205
taxes
1947
$2,614,969
(including
Capital
*
Electric
-Earnings-—*
other
$14,062;178-
";i948
creditors
;
CONSTRUCTION PROGRAM—The cost of the construction
mated
Indiana Associated Telephone Corp.
-
71.019
ft/ 828,533
824,430
Op., d
,
additions and improvements to the
cost/ of- extensions,
properties -of the company.
|ft
' 897,232
'.ftft
61,923.
•
v.
•
$18,408,463
Federal
jfCommon
and
pay for/ the
outstanding, -ft In October, 1946. the
two-for-one basis.—V. 167, p. 2257. i
now
•
remaining proceeds will be added to the company's treasury
together with other funds of the company will be used to
The
V
1—
__
ftft,ft..
—
Earned
.
50,497.
ft ft 169,700
ft, 440,436
Deferred
....
Cr 18,905
^stoppages.—.
income
Net
ft
v
in res. for contingencies
gross prof, result-
139,553.
103,185
ftft 1,380,844
payable—banks, due_ Aug, 27.4955..^—
payable—Metropolitan
Life
Insurance
Notes
,
equal to loss in
ing from work
ft
prem.
for merchandise
Mortgage
and assumed by the conn>any In effecting the
The proceeds.of these notes, payable to banks, -,
' >
together with.other funds of Indiana Service Corp. were
used to redeem that company's 5'/r -mortgage bonds.
The ftpr^payment' of the -note« payable to^ banks, 'exeluding accrued interest to date of prepayment will
require ;
^
—^- — :
10,000.000
Cr9,429
:
r:
a
Sundry,
-
leased
to
Other accrued
Notes-
by Indiana Service
Issued
/ft
128.643
ft \
in transitj,.—
salaries, interest, and expenses——ftft—ft
Accrued
merger.
'
-jteduct'on
Nfw * York)
216,0298,333,038
121,828
ft ftVft
Corp.
205,000
taxes:.
liability
:;*v-;
•
improvements
i
LIABILITIES—
/ Accounts
payable—trade
ii Accrued
Ifving Trust Co., New York, and Guaranty Trust Co.
v
of New York, and $2,000,000 to Central. -Hanover* Barter '■? 'S*
h-
1,801,658
327,045
reserves)
I-ft'-ft—C
Total
Will
to date Of prepayment,
interest
accrued
3,031,726
10,150,007
equipment
.
$1,451,728
.
-J '•
•
and
JLeaseholdsftftft*larVPS
charges
to/be
:'
are
'>
,
(less
.,'1047
,.•
*
:
997,659.;
ftft
■
:/_ftftftft_ft_Jft_ftftft.__ftft
Assets
Deferred
to
66,262
-
.
other
tFurniture and
require'
<
t.jj
—$6,000,000
ft. (2) The prepay without prem. $10,000,000 note$ 'payable XO
H i |
ft
banks, due Dec. 31,! 1950 (in amounts of 84,000,000 each
$3,582,621
5.054,477
•
02,O72ft
_———is:
ft
$5,976,375
4,109.396
•
•fAlterations
'
'
-
1047
1948
$4,485,604
...—r
sold'-.——jt-.J:
goods
'
(A Subs.)—Earning^-
9 Months Ended June 30—
2?ales
:
i
,
$24,891,401)
(estimated
,
~
without premium $6,006,000 of notes payable -;v
■
to banks, due March 1, 1950 (in amounts of $3.000.000-'^•;r
each to Irving Trust Co., N. Y., & Guaranty Trust Co.
of New York) borrowed for construction purposes which,
*
interest.—
^Includes
inventory.
1922.
p.
Illinois Zinc
;
from
sold
pyrites
proceeds
net
receivable—ft/lftlftftftftftft/,
receivable-
inventories.
31
1948
$817,629
''ft/ftft_ftft_ftftftiftft_^ftftftftft.ftftft_ftft/ftft.ft.'ift.„ftftft';
tBuildings
41) -To prepay
*
'Includes
of said corporation.
in part,;to the following:
applied,
461,900
1
$2.32
PURPOSE—The
t
accounts
aceounts
Miscellaneous
"
'
JULY
SHEET,
ftft
•Customers'
Co.
Electric
and
40f a corporate simplification plan
$817,332
«
$1,027,078
461,900
$0.95
$1.23
'
t
Gas
BALANCE
..ft/ft.-'ft.'-ift:;;/ft
banks-ft—ft— ——ftft—ft.
126,293
]
««««««,'
ii
' *'lj
acquired
the 200,000 shares oi
common stock of Indiana Service Corp. on. June 30,
1947,. for $6,471,ft:912 in cash said shares being all of the shares of capital stock,-of
Indiana Service COrp. issued and outstanding upon the consummation
the company,
in
Govt,
Merchandise
stock (no par) of
Corp. were surrendered by American Gap & Electric
for 100,000 shares of the common stock (no par) of
exchange
S.
and
<.
...
Co.
$1,230,747
wl'," 49,484
8., Canada & Mex.
i
■
hand
on
Other
parts
the merger, 200,000 shares of common
Service
American
ft*. Total income
in
Delphi,
and
northeastern
In effecting
-■•'■*.
19,685
r
engaged
was
Wayne
and
/ Indiana
$1,211,062
$628,098- $1,824,428
$977,854
Operating profit
Corp.
Fort
Ind.
2.348,479
4,319.198
1,218,858
2,192,364
—
furnishing electric service in the cities
Ind., and .in various counties in north
of
Indiana.
In addition-. Indiana
Service Corp. owned and operated a; gas property in the city of Delphi,
Of
central
1,643,938
2,810,810
847,972
1,481,522
U.
Service
,
k
CONSOLIDATED
,
Cash
and
$8,954,436 *$5,203,480
'
* '
"'ft
4 '
~
•
,
.ft
/.'■: ASSETS—' ft,-/ft ft:»:
company
»K9miKn
*$2,695,829
'*' *
•
,
-
«
'
—ft $4,651,740
_„i.
Mkt'g, smlt'g, convert.,
ft
refining, freights, etc.
(as per contracts)-—
Monday, September 20, 1943
The
effective on Aug. 31, 1948, and by virtue thereof the
succeeded to all of the physical properties and other assets^
assumed
all
the
liabilities of
Indiana Service Corp.
Indiana
became
merger
,
(Ind.).
the properties of Indiana Service Corp.
statutory merger
\
interest in subsidiary c0l"pknies»
194b—3 Mos.—-1947 - 1948—6 Mos.—1847 /
its
Period End. June 30—
•Gross
>'
Co.—Earnings— /;
Howe Sound
'<
FINANCIAL ft CHRONICLE
'ft 'THE' COMMERCIAL &
(1146)
!.
—
$19,344,998 $17,662,833
;
+.
«... V
Volume 168'" "Number'4735
f
'
LIABILITIES—
.
"services.!.---.;..— '
$549,335
•
and commissions owing to employees.;..'
809,931
Payroll, property and miscellaneous taxes.207,095
Taxes on income owing to U.
S.- & Canadian
..
•
$313,333
818,434
— 195,930--
Wages
—>~
i::
,
-
of
prior years
'Common stock ipar
y
Capital
,V
I
i.4;
-
i
■
V.
'.v.
1948,
7,
the
v-;.y':'\
>
t
"Aug.
of
8,408,452.
Uncollectible
*.'•
1
Jx'X
167. p. 2257.
'''X"*V *'UX* 'Vv.\'V£
■
Co.—Earnings—
Kentucky Utilities
Operating
Net
«
V
Net
Net
.*•
income:
Gross
'
$865,973
$802,259
S3.708.815
74,701
$2,507,124
Years End. Ji
Net
charges/
profit after
•
-
4,311,477
625,000
share——
5.679,410
Consol.
per
sh.__
per
earns,
$9.09
-
r
$4,899,134.- compared with
$3.64
$2.58
,
the
to
1,500,000
Oct.
1,
of. the .stockholders-^ on Sept. 24 of an in¬
common
stock
from
840,000
shares to
stock outstanding as
cf common
•
for, each
at Oct. 1.—V. 168, p. 647..,
j
.
i
tu
,
'
/Sales
* ' °
*
'
"
.
'
1948—4 Wks.—1947.
1948—36 Wks.—1947 :
' ,f:
$ '' 4 '
$ ■" .
it"$
" ^
<
$
58,865.227 * 53,820,191 555,383,714 510,657,752
'*
'
r
,
'
^^ •
:
>
^
■
■
■
'
-
J".
'
.
•-•"•'This
company was declared bankrupt- on
a.
filed
by
Veneer
(Wis.)
i:atley
.
was
referee
Federal
Riley,
C.
Ihe- order
the
Co.;.and
Alvin F.
total, of $2,729.23 was owed them.
'■V'yy''*
'v.--'-;
petition
The
Fuel Co.,
Hamle, Portage,
&
'
...
-
^
'
^
1
Vice-President since
.
earnings
Exchange
i,
-
*.
'!
of
June'r 1S47, has
to
Sault
There!
Sept.
shares
Pursuant
output of this compahy for the week ended
41,403,600 kwh., as compared with 35,019,000
totaled
for
'
:
99.99%
7,536
%
29,226
24,940
14,772,308
13,333,903
8,614,917 : 7,560,821
68.32%
> "56.70%
and
to
official
upon
201
since
15
of
notice
this
'
:
011
meeting
proposal
a
the
trustee; which
The
the
addition, two
be
purchased
)
To
'.
Issued
in
$4,000,000—
Nov.
the
loan,
complement
equipment
of
will
.
v
against
.,
at
of
$10,916,000.—V.
to
■
\
.vt
between
'4
.
locomotives
with
wid
&
been
be
named
The
'■■"'■'
25,000
sold
filed
13
construction,
at
caw
by
cost- of
a
•
•
shares
by certain
of
as
SEC
a
Hawley,
of
the
—V.
(no
&
F.
Co.,
of
$7,600,000.
stock
The
company
in every year since
Drop
Higginson
has
paid
cash
168,
Corp.
on
(par
formerly Vice-President of American .Water. Work?
has been elected Vice-President of the Lustron
Strandlund, President of the company, announced ,V
,
:
the
•
the
1,100,000
financing
expects
square
to
foot
'
,,
of
the
porcelain
enamel
on
steel
producing, effective
plant.—V. * 168, p. 1044..
start
stock
(par
New
agent
York
of
assisting dealers
homes
next
that
month,
v
the
in
Its
due
have
$2,000,000 to Madison
Gas
at
2^%
interest." The
.
168,
of
dividends
on
its
1920.—V. 167, p. 2791. '
Maine Public Service Co. —To Vote on
See
Bangor
Hydro-Electric Co..above.-^V.
168,
p.
the
1978.—V.
166,
y y:,—
■
and
Sept.
started
from
the
"
scheduled
New
•
York
' / '
v,;
domestic
y
the
.
International
15
flights
cargo
York
New
at
is
"
Authority
with
are
DC-G's
has
been
X
York
last
.
*
All National operations
46-passenger
DC-4's.
r
■
and
actively
the
for
»
a
Havana.
r;
y
;
engaged
seven
•
appointed Director ?■
has been
City
t
.
in
field
the
the
For
years.'
labor
of
last
and
two- years
(& Subs.)—Earnings—
*/;
7'
956,000
--w_
taxes
*
1
583,000
$1.77
•*.;
—i—
941,000
592,000
Iv.*---;
share--
per
;
1947
—$11,191-,000 $10,526,000
w—-—
taxes—
after
y
1948
■
-
$1.74
.
Bond
on
Fulton Trust Co. of New York, as executors of
the
listed
Guaranty
Trust
York.
New
-
^
y
York
New
on
Co.
/
of
Stock
York.
New
,
^
Transfer
Exchange.
National
Registrar:
,
City
,
CORPORATION—Corporation was
incorporated
in
Delaware
Feb.
21, 1929, and its existence is not limited as to tune. The corporation
since
and
engaged
its
business
of
1940
date
the
as
closed-end
has
investment
been
investment
diversified,
a
type,
custody of its
The
an
engaged
of
and is
and
under
•i
company
of
the
of
the
Corporation maintains
portfolio securities.
•
corporation has elected to become
under Sections 361 and 362 of the
investment com-
regulated
a
Internal
taxable
not
to
the
corporation
as
income
Code.
Revenue
year
are
in
Act
a result, the corporation's net income and. security
extent declared and paid as dividends in the
-;
be
provisions
regulatory
character.-
to
charteM.
Company
investment
the
this
called
-;
1929,
provided
as
(herein
6,
continue
to
securities
Investment
the
management
March
on
intends
in
amended
as
subject to
companies of
own
company
funds
its
of
applicable to
pany
i
as
incorporation,
corporation is registered
The
C
that
in
.certificate
Act
Co.—Secondary t Offering—Lee
Sept. 10 offered 11,750 shares of
$1) at $8 per share. The offering
has
been
Presteline
the
for
Robert
last
p.
945.
three
Flanagan,
J.
promoted
appointed
the
to
who
position
p.
electric
for
profits,
which
in
Federal
As
the
to
.
realized,
tax
pur¬
Such income and security profits, when distributed, are tax¬
only to the individual shareholder as ordinary income and as
capital gain, respectively.
" / ;y.
„
■
Advertising
The
and
ranges.
He
had
directors have recommended that the name of the corporation
changed to "National Shares Corp." and has called a special
meeting of stockholders, to be held Oct.- 4, 1948, to consider and
vote upon
the proposed change cf corporate name.
Sales
be
Irvine,
v
occupied
that
years.
,
CAPITALIZATION
AS
OF JUNE
Holders
•-
such
corpoartion,
such
com¬
of
]
,
Sale—;
945.'i.i'..X '1-!'
of
shares,
Authorized
••
stock
the
four
with
before
or
the
on
will
present
of
gether
on
be
:
basis
are
Oct.
being offered the
.7.
1948,
of
eight
after
shares
accrued
of
stock
shares
the
has become
common
dividends
stock
on
for
the
right
common
of
to exchange
stock
common-
proposed
of
stock,
two-for-one
'
the
as
split
r
(being the equivapresently constituted) to-
'
effective
as
1948,
stock.
amounting
All
shares
to
of
preferred
stock
to
Oct.
11;
$7.20 per share, for each share of preferred
preferred stock not exchanged have been called
168,
p.
(no
par)
stated
value
\
;
share
.
"Outstanding
_
400,000 shs.
1046.•/.,.,
.
360,000 shs.
*
.
National Tea Co.—Stock Offering Completed—Of the *
common shares offered to stockholders, 119,217
128,230
subscribed for on the exercise of warrants. ) The
balance Of the stock* amounting to 9,013. shares, has been :
sold through the organizations of the two underwriters "
were
—Hemphill,
Noyes
&
Co., and
Merrill
" ■
Fenner iSc Beane—at $22.50 a share.
Net
-
f
;
stock
$12.50 per
—v.
Corp.—Exchange Offer, Etc.— H
constituted
common
"
has been
Promotion
1045.*,/
preferred stock
:/-•'-
1948
3D,
'
Capital
y
j
was
assistant to Mr. Irvine,
of Assistant Advertising
and
Mullitis Manufacturing
lent
J':
15,
;
f
New
for
flights
relations
commenced
orig-
an
Manager, effective Sept. J, succeeding Victor A.
recently announced his retirement because of his health.
position
,
of
interest
168, p. 252.
Bank,
:
subsidiary of American Light & Traction Co., has
been allowed by the SEC to enter inta an 18-month credit arrange¬
ment
with Harris Trust & Savings Bank.
Chicago„< and The First
Wiscopsin National Bank of Milwaukee;
The banks will advanee a.
will use the furds for. construction.—V.
and
Aug.
shares
"7 '.'•/••
appointed
poses.
Howland
G.
manufacturers
company,
maximum
750,000
,
debt,
Inc.—Operating from Idlewild—
Rosenthal of New
belore
Agent:
y
Eber-
the-leading
From
Promotion
/,;•:
•
•
.,
Madison Gas & Electric Co.—To Borrow—
pany
and
been
principal
3 V* rk,
F,
has
/vy" y/./V
LISTING—Stock
The
-
Inc.,
Motorola, Inc.—New Advertising Manager—^
Manager.--V.168,
The
$10.1,
funded
-;
of
'
v
operating
.
$y,000,000 of
estate of Bernon S. Prentice, deceased.
oversubscribed; Proceeds got to selling stockholders.
Joseph
who
_
"
?
radio¬
$496,045,
or
..
company
reported
companv
of
consists
.
.
Co.
express
Rosenthal
and
20 years Mr. Semple has been actively engaged in
Widely known as an advertising executive for the past 20 years,
the management and financing of more than 70 companies subsidiary .V-Mr.
Howland
recently resigned as director of advertising for the
to
American
Water Works.
At Lustron,
Mr,
Strandlund said. Mr~
Domestic Appliance Division of Pressed Steel Car Co., Inc.,
Chicago,
with
also furnishes
& Share Corp.—Stock Offered—Blyth
Sept. 15 offered 31,000 shares of capital
stock (no par) at $23.50 per share. The shares were pur¬
chased by the underwriter from Ranald H. Macdonald
past
Seinple's duties will be centered for the present
;
able
Co., Inc., of New York,
G.
York
National
—V. 164, p. 1087.
Carl
1947,
preferred
series
Port
&-Co., Inc.
Xustron Corp.—New VicerPresident— "
'I For the
Pri¬
Placed
agent for the
as
company
by a domestic air line
when this corporation on
the
profit
—V,
Forging
stock
common
bonds,
sales—
Net
/
Moore
The
income
company
paying
corporation
with
Profit
>
investment of $50,000, supplemented in 1937 by net proceeds of
approximately $235,000 from the sale of a small number of its shares,
company has been built up from earnings to a net worth of over
$5,700,000 after paying its shareholders aggregate cash dividends of
than
31,
net
National Battery Co.
the
more
He
country, as a staff member of the Airilnfes Negotiating Conference.
168, p. 1046;
Net
inal
common
J.
1883,
company
supplies,
through 35
offices, telephone and radio service
principal islands of the Hawaiian group,
Three Months Ended July 31—
y
-
Incorporated in 1909 and is one
high quality lathes and accessories.
was
of
par).
company.
Shepard
N.
-
of
•
registration statement
the
Orange
;
..
board
countries.
Dec.
•:
mail,
industrial
2332.
stock
common
stockholders
Prescott,
underwriters,;;
company
its
in
the
other
Trust
operating all
Mr.
*
7
the
East
the
of
/ He has specialized in the labor relation.* of the scheduled air lines of
'
and
in
and
began
Earnings
p.
'
out—
branch
seven
■>:*;[* '£
Jerome M.
company
V
SEC
preferred- now
Honolulu—Bonds
of. Industrial Relations, effective Oct.,-l.
y
$1,762,500.
■
.
the
par), 891
offered stock-
b;>
member
a
yfV- New Appointment—.'-
.
*
with
($100
to
5%
unexpectedly,--in
1046.
Co.,
stock".,
■<■■
Neiv
at
RR.i—Interest* Payment—
with
and
;yvek>ps over -routes -to Florida' and
seven
Dallas, Texas.—Vi 167,
Sept.
Inc.
Co.
manufacturers
? Lorenzo Semple,
Corp.,
7/
first of the
air lines to
sign a
to operate at* Idlewild. t. National has
afc Newark (N. J.tvfairport, and is shifting
•' them
all -jjo
New
York
Internationale Airport.
The
company - has
occupied
17,500 square
feet
cf. hangar space,
J.00 square feet
of
'•< counter
space and 250 square feet
of ofiice space.
- • t
•
•
l
/ ' Initially, National-will operate; six arrivals and six departures, daily.
;
Schedules will be increased *as tire seasonal increase in traffic de-
Superior.
to
stock
are-
of
operations
This
lease
Hopkins, President of Mrs. Tucker's Foods, Inc., Sherman,
respect- to
shares
was
'
• -
The
Oct.
on
p.
$5,680,397 and
mortgage
been
on
company
10,
Hawaii
ended
year
registrar
-First
i
i,i
945.
number
:/ International Airport at Idlewild, N. Y.
Hankinson
pr ^oad^switchvtmits ;znd
%!!.
p.
in
and
Guaranty
Airport
3,000
\
168,
Sept.
on
National Airlines*
C
between
and
notification
shares
President
old.—V. 168,
systems
of
passenger,
freights
way
a' like
Patterson,
Telephone
common
■'
12
also includes the
'
E.
offices
p. 2312.'
exercise
?5,891,7^0.
Kansas-Texas
-
1240:—V.
31,
stadt
p.i 1044.
:?;|5ep|.,I0. #/
contracts
"cash."
of
.
Minneapolis
Diesel-electric
of
program
..
directors
The
/
1921.
amount
for
opening
sale in units of one share of preferred
(only in amounts totaling 891 of preferred
The 109 shares of preferred remaining wiil
common
Capitalization of the
150,000 shares of 4.8%
/ first
also
were
provisions
and
of
preferred
The
1,000'b. p. Diesel-electric switch
uee
100 gondola pars and 300 box
Platter Grocery Co. of
will
working capital
stock
stock
common
Exchange
be
the
Kidder, Peabody & Co. acted
the
York
has been elected a director to fill the vacancy caused by the
death of Admiral Adolphus Andrews, formerly President of the Waples-
providing
net
in
-•
shall
before
letter
a
pai').
between several of
revenues
Missouri-Kansas-Texas RR. Co. of Texas—New Dir.—
increase
was
borrowing
new
$2,500,000
1948,
cumulative
(no
exchange for
166, p. 1686.
years
The
,
,
stock
iiled
8
e%
common).
d.ied
61
For
;
issuance
mixed, train
more
for
168, pp. 1043, 450 and 47.
Arthur S.
still
permit short-term bank loans up
current
assets
equal
at
least
IV2
times
current
liabilities
plus all
debts
outstanding.
The
company
also
must
maintain
a
minimum
working
capital
of
$6,000,000
at all
times.
Based upon the balance sheet of July 10, 1948, after paying
off
bank
loans,
and giving effect to receipt of the proceeds of
The
to
increase
.
and
on
Texas,
.
co„
date
offer,
/ •"-;/
•
::
.■
Mutual Life Insurance Go; of New
York—Obituary—
telephone
authorized for listing
stock, issuable against
the
on
h.. 'p. road freight. unlls^.l2» 1,500.h.
Dec.
stockholders
of
to
6,
dealings
including Oahu, Hawaii and Maul.
.
Sept, 14 authorized payment ori Oct.1 1, 1948, of
one
coupon of the adjustment bonds, R. J. Morfa, Chairman of the
board, announced.
This coupon, which bears the date of April 1,
1941,
represents interest at 5%
for
the
six months
period ended
will be held on Nov. 23 to
the indebtedness of the company
from nothing to $4,000,000.
If this action is approved, the company
will
enter
into
an
agreement
with The
Penn
Mutual Life
Insur¬
ance
Co.
to
borrow
$4,000,000 at 3%%
interest, repayable within
ten
years.
Proceeds from the loan will be used to pay off present
rhort-term
bank loans and to provide working capital.
The company has had
no
bonded indebtedness since it paid off
thfc first mortgage' and deed of trust of $5,500,000 to Bankers Trust
special
the
s-telephone service to systems of American Telephone & Telegraph Cq.
/and its connecting companies throughout the United States .and to
I
—
of
Incorporated
corporation
Mich,
common
of
ill
Alexander
central
7
Monarch Machine Tool Co.—Stock to Be Offered—
A
amount
an
to
,
.
for construction.
38,381
-
of
exchange
15, 1978,
value.—V, 168, p. 1044,
vote
exchange
plus
/
;
124
j
67,222.
the-antidilution;
operation
switchers, Rt a total cost of
Missouri
Chase
Lukens Steel Co.—To Borrow
for
in
the
company^ Proceeds are to be applied to the company's
/construction program and to retire bank loans incurred
(X»m?jany's
Ehderlin. and
In
Line
8co
The
National Bank of the City of New York has been
: ppointed
transfer agent of. and the Chemical Eank & Trust Co.,
Now York,
N. Y„ as New York registrar for the common stock, no
par
and-
*
13
pay
.
estimated cost of; these eight Diesel-electric units will be approximately $1,502,000. "The acquicitiort of these .units will increase
Agent and New York Registrar—
Transfer
The
.
Oct.
will
vately—The company, it was announced Sept. 14, has
placed privately with institutional investors an issue of
$5,500,000 3V4% first mortgage bonds, series F, due Aug.
Marie, and four additional 1,506 h.p. road-switch class
wi'-l
,
S^pt, 11, 1943,
kwh.
and
5
from
Sept.
on
the
Mutual
1947
$519,836
487,545
*18,193
The
week last year, an increase of 18.2
;; corresponding
Oct.
on
stock
share
of
offered
was
cumulative convertible preferred stock, these 12.409,5
to. the 124,095 shares heretofore authorized to
list
'Diesel-ejectric
Bismarck.
forces,
(Ky.)—Weekly Output—
Electric
----
to
1046.
shares
trustees,
,
added
of the
Ste.
permit
-
—V.
the
Louisville Gas & Electrie Co.
for
thereon
cash-, as set-forth <above.
Stock Exchange directs that all
p.
standing.—V.
•->-'
equipment program was announted en
Sept. 11 by H. C. Grout,. President. Authorized was the purchtfsC^of
twrf&va.OOOth. p. road freight Diesel-electric locomotives? to complete
the Dieselization. of the through freight service between Minneapolis
;
President,
Chairman
called
share
per
unpaid
<
-
authorization
corporation
surrendered
$105
and
)
suspended
for
one
~
elected
the
stocii
two-for-one -split
stock
cortimoh
891
be
W"
1,
i
99.97'^'
reported
on
unissued
listing.
the
to
.Expansion
the
Executive
and
Curb-
be
to
are
added
locomotives
succeeding William P. Lear, who has been
board, a newly created post.
.
The board of directors also confirmed Mr. Lear's position as Direc¬
tor of Research and Development, and the office of Executive VieeTresident was eliminated.—V. 168, p. 744.
elected
bceh
"
stock
common
accrued
such
and
stock
common
of
for
York
company
and
"
12,409.5
for
Minneapolis
the
who claimed
.
Mock,
be
and
asking
:(';v
M.
additional
and
M
Lear, Inc.^—Changes in Personnel—
itichard
used
additional shares of $1 par common
the payment of a 10% stqck dividend to shareholders.
)!
Portage;
*
-
preferred
•
the
be
1,000
and
Minneapolis St. Paul & Sault Ste. Marie RR.—Author¬
izes Purchase of Additional Equipment—
'';, ) '
;
,
Lumber
of
of
failure
thereof,
redemption price of
dividends
or
168,
holders
,
'};
Sept. ;7 fa ani order signed
bankruptcy.'
in
Barker
be
plant.
.
,
/of'conversion rights "»f the preferred stock.
by Federal Judge Patrick Stone according to a United Press dispatch
lrom Madison,
Wis.
Judge Stone referred the case, for settlement to
i,Iiles
the racing
carried!
.revenues
New- York
shares
>
Laminated Process Co., Portage, Wis.—Bankrupt—„
Proceeds will
named.
passengers
the $1.50 dividend
,
-j, t.'X'.v V'XX''-.;, yr'.X? iv/'V-.V''
•'
New
will
The
yet designated a- rate ot pay lor this service.—V. 168, p. 945.
An
authorized for Listing and admission to dealings at a later date 300,000
outstanding shares of SI par common stock, which are part of a total
authorized, issue of 325,000 shares.—V. 166, p. 1052.
^
•, t,
.
1
the Michigan Raci'rig Commission.
estate end for construction of
real
■".authorized
li'Aiglon Apparel, Inc. of Philadelphia, Pa^-Listing—
The board of governors of the New York Curb Exchange oh Sept. 15
'
event
preferred
for
Cpar $100).
The stock offering is
officers to about 300 selected persons
53,550
The
)■.'
holders
of
payment.--
1948.—V.
stodk
through corhpariy
of
the proceeds of
underwriters
The
-average'number of stores ^in operation:durlng ■ the four weeks
ended
Sept. 4, 1948, - was 12,428, copipared with 2,549 in the correspopdihg period last year;—V. 168, p. 1044. •
—"
•
the
earned
the
in
a registration statement with the SEC
cumulative preferred stock (par $1,000)
5%
common
Mid-West Refineries, Inc., Grand Rapids,
Make 10% Stock Distribution—
Kroger Co.-—Current Sales Increased 9%-—.
'
of
of
made
no
not
1
'
the
amount
the
of
adjournment
any
holders
authorized,
stock
operation of its route between Tulsa and Houston on Feb. 1,
1947, do not include amounts to which the company .is entitled for the
transportation of mail on that route.' The Civil Aeronautics Board has
*
Period End. Sept. 4—
of
authorized
event
thereof
receipts will be issued to depositors who accept the
receipts will
be
exchangeable
for
shares
of
common
The
began
'
amendment on
distribution on
share
shares and the filing of a certificate of
1948. the
directors on Sept. 15 voted the
of two, additional share? of ^common stock
In
is
Detroit*—Registers
profit after income taxJi.—
Operating efficiency_w-^-^---—.'—1.—2——:
'
Oct. 014
to
such
which
Sept. 9 filed
shares
NOTE—The
approval
authorized
the
in
Association, Inc.
% ^Adjustednet profit.
3-for-l Split-Up—
Subject
crease
at
the
two-for-one--split
Interim
168,721
?
Capacity passenger miles flov;n»____—i.__^_^_
Revenue passenger miles flownlJI.Revenue passenger load factorT_i.—
Mail, express and freight, tons
:
Mail, express and freight ton-miles..
as of June. 30, .1948,. amounted
$3,144,477 at the - end of the' preceding
'. '.'..v-.;
—
•
'
v *
< '
$1,754,657,
Racing
shares
none
Revenue
Working bapital of the.'company
Net
to
yeaJr; an- increase of
of
the
*
by'"
the
of
.;
,
"Net
:.
1,615,724
$9.74
302,250
-
$2.10
2,277,605
6,087,002
'•
equal
the
In
meeting
or
to
stock
in
shares.
equivalent of
_
757,632
$2.78;
•$7.74
$6.90
net, profit^--—
Earnings
Consoi.
1948,
cash
1948—7 Mos.—1947
$63,942,681 $53,856,468
Month of July—
1"'
"
r1948
Operating revenues
$605,632
Operating exponses«»J_-___™-2____„.-»^l__l._ "
592,365
1,568,209
757,632
the
Mid-Continent Airlines, Inc.—Earnings—
;
2,109,951,:
4,837,955
625,000
outstanding-
be
are
rr
;
taxes—1——-—
and
Shares
•
'/ • ,;
$468,595?-$5,091,368 ■' $4,695,659
357,996;
4,450,564 ? 4,631,345
•
3 502,532
745.
"pany from
1948 '
■) 1947 '
1946 .,
1945
$33,180,747 $27,967,083 $20,429,336 $22,227,212
he 30—
gales
j1 '
the offering Will be received by
the
;comparty until the entire $4,750:000 has beeh paid if) cash and until
authorization to conduct horse racing has been obtained by the com-'
.
Co.-XE£trnings—
721,971
3,065
purchase
.
1053»
p.
•
$8,510,629 $63,640,431 $53,687,747
7,321,701
52,635,166
42,681,016
720,333
5,913,897 V 6,311,072
„
$623,380
charges
$3,815
and
$2,047,898
(
Keystone Steel & Wire
covering
% 1,142.072
-_V. JL67, i>. 2687.
1—
The company, on
.
$3,189,970
1,276,391
$571,290
$689,611 '
income
Net
$3,783,516
229.7^4
:
205,351
J'i'
28,943
7,962,120
income....
168, p.
"and
to
$801,034
$895,462
166,
;
:
.
.
increase
2,000.000
at
on
Oct.
11, 1948, at $105 per share/ plus accrued
redemption
date
amounting
to
$7.20
per
share/
exchange is conditioned upon the
authorization'
the
of
of.,-common
further
shares
DM,558
i
•
$8,539,572
$9,307,471
_
taxes
Michigan
$3,191,528
Dr 1,225
—--
Canada.—V.
•'
:.•.•
>
1948—Month—1947
-
revenues
With SEC—
12,840,857
Dr29,489
and other deducts..
Int.
14,908,368
income
"
to
offer
holders
*
be
;>
.
3,387,339
income——
(net).:—
oper.
Other
re¬
Charlottetown, Saint
Hamilton, Winnipeg, Regina,
Victoria,
or
■
,
redemption
The
,
11
Mutual Finance Co., Tampa, Fla.—Files With SEC—
3,813,508
takes-.*-
Oper.exps. and
oper.
oper.
after
—V.
30—
1948—3 Mos.—1947
1948P—12 Mos.—1947 .
revenues—$4,679,481
$4,189,592 $18,617,183 $16,031,785
Oneratinc
for
and $7,000,
Canada in Halifax,
$9,347,781
rev..^; >
40,310
revenues
Operating
Period End1 June
'
,\
Operating expenses
-7'•••■.
.X
.
// -m/
.
of
Vancouver
'!"•
*•
(1147)
Michigan Bell Telephone Co.—Earnings—
company purchased for
of the Chalfont Hosiery
the
stock
capital
J
Operating
of full-fashioned hosiery.—V.
manufacturers
Mills,
■*'
of
all
consideration
'V';\
Period End. July 31—
$19,344,998 $17,662,833
ACQUISITION—As
rash'
-
&
CHRONICLE
dirst-mortgage, bonds due. 1956
Royal Bank
Clagary,. Edmonton,
i '< ' •
2,478,615
"%
••
,
_j__
\
,
"
9,856,863y
JDr92,223
surplus
:—--—.
Cost of 6,000 shares of common stock in treas. •
*
dividends
4'/a%
$15,000
The
at
2,478,615
surplus—-,—-------y
Total
;
650,000
Earned
!»,'t
425,170
672,899
of
John, Quebec, Montreal,, Ottawa, Toronto,
3,700,000
—.-y
total
made
3,700,000
$5)
i*
general mortgage bonds due 1956 have been called for
demption on Oct. ~1, next, at 101 Ms and interest.
Payment will
'*
«■ ■- -
—.—---—650,000
—
value
A
.
.
'
'
,
5l/z%
•
of tax-note.*—1948, $870,-: ~
4
000; 1947, SI.088,645)
—
610,000
Reserves for possible add'l taxes of prior years. ,y
575,382 vReserves for conting., set aside from net inome ;;:?>: >»'
Governments-inet
i
FINANCIAL
► r,
Maritime Electric Co., Ltd.—Partial Redemption—
'
Unpaid bills for materials and
COMMERCIAL
THE
■
*
proceeds
continue
facilities,
the
from
the
company's
and
will
sale
policy
partially
of
the
128,230
shares
of; modernization* of
restore' cash
Lynch,
J :
Pierce,
.
wiil
stores
heretofore
be
used
and
to
other
expended:
for
!
4.
...»•.iwj!
".'TW w~r'
*3^ *«.
■
I....... ,.
■
>.
m
^«wn».#4
,
Htl
*»»*»**
'
•)
w
12
i
After giving effect to the sale o£ the
shares, there will be 760,380 common
outstanding.
The
company,
organized in Illinois on Feb. 6;-, 1902, is engaged
•svith its subsidiaries
in the operation, of retail food stores dealing:
purposes.
additional
the
of
directly,
168.
departments,
meat
ir,
-
sales,
Ilet
Operating
—...
671,585
78,184
—.*.1.—-//
-
$150,481
>
•
:
J
,
a
{ t
K'!
-. i,
i •
income
Indiana gross
■
•
,
;.
—w;
4
Sales!
outstanding...
160,729
$0.78
..
......
'
...
tising
six
the
months'
Profit
received and other
ASSETS—Cash,
fof
5525
3HEET, JUNE 30, 1948,
$172,683;
doubtful
Total
and
receivable (less reserve of
trade, notes'receivable (title
$111,014;
Income
Net
sundry accounts receivable (less reserve of $3,856),"
inventories (less reserve for. obsolescence, deterioration! ano
Dividends
on
common
common
deferred charges, $5,582;. total,
6916,117), $196,681; patents, $1;
447.
\
947.
p.
was
in
marketing
the
-
re¬
'
'
.
;
.
'
-7.
$829,-
$1,964,695
$6,151,478
$3,475,893
2,089,624
1,533,554
3,770.196
2,737.599
52.475
139,570
62,778
174,592
69,648
375,501
103,013
107,683
166,376
45,360
•
taxc6L_____
dcvel.
costs.
;
35,697*
•
and
fixed
/^
72,526
-
94,747
•
abandonments--^
and
+1948—6 Mos.—1947
tl943—3 Mos.—1947
$3,431,058
gen.
aband.
-
-
' *13,196
33,840
of
-
:
•
assets
30.742
Net oper. income__}_
Nonoper. income
$911,243
11,885
v
i;
Total
v
,
32,784
.
$1,579,552
30,130
$212,994
12,432
$342,669
20,659
$363,328
64,605
9,721
—;
—
,
$923,098
$225,426
$1,609,682
101,480
36,547
170,198
;V
customers' deposits on
Interest
Other
amortiz.__
charges
nonoper.
JlProfit
$2.77
-
and
fProlit lor
292,653
the
1,188
operations
from
4,807
$820,431
7,714
period
Prov,. for Fed* inc.
'
'
'
''
*
"
*
"
1947
' 1948 '
$2,137,041
*858,212
•
banks and
in
and
on
.notes
$184,072
2,322
-
-
•
$289,001
*78,750
$1,437,162
*47,762
-/.—/*
103,000
tax*
1,168,551-
/
1.253.023
"Doss.
;
1,062.519
-7,658
240fiOQ
-
-
—
Oil
>
1,448,422
- $0.Lfc
,
acquired
was
except
i
1i$(L83
.
James
Stewart
April 1/
& Co..
Corp.
and
development
exploration,
for
-j
CONSOLIDATED
7
which
Corp.
consolidated
reserves.
.
1,448,422
$0.09 •
SOf construction subsidiaries, James
and James Stewart Corp.
JiBeforer appropriation
Stewart
to reserve
$279,372
oil
$0.50
Wil-Tex
Co., Inc.,
/ Stewart &
1,448,422
1,448,422
companies
James
Inc.,' and
of
all
$210,252
$136,309: f$1^04,821 >
$725,145
-
—
-
+Including
1948/ ;; iFor
46,387.
,
,
income
Capital shares cutstdg._
Earnings per share//—
$1,828,093/
.,
Net
:
.
Prepaid' Insurance,
'
17,928 Vv 23,763
j 821
Patents, less amortization—
—878
Othe* •'assets;;i—^~—
1,425: !,i - ^41,675
12,761
iPremiitm for redempt ion of debentures
' 7,043
long-term-debt,
$140,997;.- capital stock
(par value $-1; per share),
$16O„720» capital surplus, $181,479} earned surplus-since Jan. 1: 1945,
$176,254; total, $829,447.—V. 168, p. 348, it
*•
-
-
acquisition of
-
,
BALANCE -SHEET, JUNE 30/
1940
/
,
/
•
■
•
*,
■
•
..
■
...
..
kwh..
14,780,905
toelcw
This
decrease
a
of
kwh.,
296,926
Amour.ts withheld from employees', earnings
1.79%
or
-
15,050,831' kwh. for the corresponding week a
'
/ .
/
:■/./
Gas output for the Sept. 10 week, is reported at 116.666,000 cu, ft.
This is-a decrease of 8,685,000-cu.: ft.„ or 6.93%
below production of
year
production
.
125,351.000
ft.
cu.'
for
the
corresponding
week
\v;rv:Telc^pho^e
New England
The" company
Commission
to
improvement
The
of
its
facilities,
bearing interest at not more than
payable within 12 months after., the date, of issue.
f ^
value
the
of
its
outstanding capital stock.
would have been limited
2.75%
to
issue
an
/—
.
cf
about
$489,Z86
Central RR.—Equip. Trusts Offeredr~A.
headed by Harriman Ripley & Co., Inc., and Leh¬
man
Brothers won the award Sept. 13 of $13,800,000
Vh% equipment trust certificates, maturing $1,380,000
Operating
$227,435
$1,809,456
218,732
25,301
207,524
8,298
.1,489,836
/ 176,465
Net; oper,
Net
after
—V.
$22,854
$11,613
$143,155
1,054
67,174
168,
of
the
cost,
issue
was
to
provide
for
not
75%
than
more
.
about
2.6487.
Hutzler,
Other
99.139
The First
and
for
bids
on
a
bid
received
of
99.261,
the
at
a,
sale
net
were:
interest
Salomon
2'/2s;
Boston
Halsey, Stuart & Co. Inc., 99.109
Corp., 99.33 for 25/8s.—V. 168, p. 946.
.be
2V2S;
Commonwealth
The
York. 5,
168,
V.
with
the
beginning
,
the
of
before
Y.,
N*
11
authorized
shares,
such
company
Sept.
on
filed
13
the
with
statement
registration
a
covering 400,000 shares ($20 par ) common stock. ' Standard Gas &
Electric Co., which owns 750,000 shares of company's common, will
SEC
!'
receive the
the
!
the sale
for
of
bidding rule and is negotiating with
the
stock.
'
>
the
as
will
vote
on
a
proposal
to
increase the
par
-
to
under-
•On
624,193
of
total
were
<
,
up
5
$5, from 2,500.000 shares to 4,000,000
510,000.000 in additional capital through
directors may determine.
At July 31, 1948,
stock,
raise
financing
reserved for conversion of prior preferred
X /shares,
the Commission to exempt
Standard has asked
proceeds.
from competitive
issue
to
Oct.
on
common
and
common shares were issued and
1,611,163 shares
stock of which 644,465
each/ were outstanding.
Stuyvesant Peabody, Jr., President, announced that the- additional
financing would be needed to complete the company's construction
and
replacement program started n year
ago.
Improvements and
expansion measures already completed'under the program will
in¬
crease
the
company's annual productive capacity by 3,000,000 tons,
a
Oklahoma Ga» & Electric Co,—Registers With SEC—
The
stockholders
The
York), 20 Pine Street,
York time on Sept. 21.—
New
a.m.
Contemplated
Peabocly Coal Co.—Additional Financing
—Common Stock to be Increased—
of the service company,
1047.
p.
writers
Norfolk Southern Ry.—Interest Payment—
the
fiscal year 1948, the
company has excluded the earnings of all subsidiaries operating out¬
side of the United States and Canada, except to the extent that divi¬
dends have been received from such subsidiaries.
The company has
continued its, practice
of taking up film revenues from subsidiaries
operating outside of the United States and Canada only to the extent
that such revenues have been
received in dollars or are remittable
under existing restrictions on remittances.—V. 167, p. 2690.
41,525
company, at the office
& Southern Corp.
(New
presented' to the
New
& \
>
Bros.
owned nonconsolidated subsidiaries, representing
indirect net interest as a stockholder.
approximately $650,000 of nonrecurring income.
NOTE—Effective
.
for
3,189,000
.3,312,000
$7,885,000 v$13,570,000 $17,407,000
7,118,872
6,921,939
7,118,872
$1.11
$1.96
$2.45
Ohio Edison Co.—Asks Bids for Bonds—
of
cost
1,489,000
1,466,000
$5,810,000
-6,921,939
SO.84
partially
tlncluding
from
at $19,040,000, of the following new standard-,gauge railroad equipment: 65 Diesel switching, freight and passenger V
locomotives; 53 sleeping cars;- and 1;000 steel hopper cars.
*,t..
.-!
awarded
".Of
July s,'47
i'J-yV'/ i•-Vf-r-.'cc '
S6^96,0o6f$l6,258,0d0 $14,2i8,000.
taxes—$4,344^)00
Income,
July.3/'48
company's direct and
The company is inviting sealed, written proposals for. the purchase
it of
$12,000,000 first mortgage bonds.
Such proposals are to
./
}
estimated
The
issued
*
profit „;
Capital shs. outstdg—
Earnings- per share,
/
746.
p.
July 5, '47
j;'*f-V'-v-v ' ? •J " •* :
*Uftdlsttrlb. earnings—
:
$111,865
9,777
income-
'
be
and
i
1,310,531
113,466
charges—.
6 Mos. Endcd^
3 Mos. Ended
July 3;'48:
$1,545,862
Operating
expenses
.Operating, taxes
tion, at prices to yield from 1.70% to 2.80%, according
to maturity. Other members of the
offering group were
Eastman, Dillon & Co.; White, Weld & Co.; Paine,- Web.ber, Jackson & Curtis; Schoellkopf, Hutton & Pomeroy,
Inc.; Tucker, Anthony & Co.; Reynolds & Co.; Ira Haupt !
& Co.; Rand & Co.; and Weeden &
Co., Inc.
will
PictureSr Inc.—Earnings-—
alt Cl)$rS6S
Profit ' after
,
$266,887
revenues--
reserve-
2136.
v
1948—7 Mos.—1947
$1,814,443 $1,537,600
4,987
1,738
1948—Month—1947
$267,638
$227,687
' 751
252
Operating, revenues
Uncollectible
oper,
rev.
annually Sept. 15, 1949 to 1958, inclusive. The certifi¬
cates, issued under the Philadelphia plan, were imme¬
diately reoffered. by the group, subject to ICC authoriza¬
certificates
tAfter reserve, for
in
Ohio Associated Telephone Co.—-Earnings—
746.%^%
York
$574,095;
Companies,
Stewart
$5,398,498
$4,957,754
for doubtful accounts of $20,000.
reserve
The
727;4Q^-
1948 and $449,913 in 1947.
tlncludm?
sinking fund payment In excess of redemption price of 5fio debentures.
5After deducting U. S. Treasury notes of $403,480 in 1948 and $600,300
in! 1947.—V. 167, p. 2136. \
*
State's
of
^After
debt of
Paramount
-
depreciation
group
The
p.
1,743.^7^
702,878
—
Period End. July 31—
New
! 450,235
2,655,552
I,
)
.
long-term
450,23$
V:—
-
—
„
for ex- y
■'{ ploration, development and acquisition of oil reserves, $279,372; com¬
459,000
mon
stock
($1 par), $1,448,422;
capital surplus. $2,377,922; earned
135.^0
surplus (since July 31, 19381, $1,630,772; total,' $16,270,751.—V, 167,
,
—
other assets, $251,810; total; $16,270,751.
$1®£1T,171;
LIABILITIES—Accounts
payable and accrued- liabilities, $1,569,700;
long-term debt—due within one year, $1,290,231; provision for Federal
taxes; $390,405;
dividend payable, $217,263;
long-term/ debt of allcompanies consolidated other than, the Stewart Companies, $6,492,569}
431,172
debentures
conv,
property,
$122,674;
advances,
and
investments
Net
/.
the issue rests with the SEC.—V. 168, p.
of
funa
--/--/
^.To
are
,
.
Without1 the
company
Final clearance
sinking
.contingencies.^—r-
Capital surplus
Approval by the t'.ommission was required to/ offset a, state, law
prohibits a utility from issuing short-term notes about- 40%- of
par
b'/».
reserve
$1,596,718;
$6,143,850),
538.710
-
'
which
approval,
fully
now
Comgvdn ^tock (par value $1 per share)
Earnod surplus
1
J.—
•-
.
the
/
40,749
-4;
notes,
$62,000,000.
90,047
44,0b4>
238,960
(non-current)-
authorized, by the Nevk Hampshire' P. 8.
$100,000,000 notes to finance construction and
issue
,.'v'
1947 amt>
290,060
adjusts,
reneg.
Rea«uve'tor
been
has
unsecured
%
taxes—
i
plant and equipment (less unliquidated balance* of- oiLproduction pay^
ment; of
$l,326,531t and' reserves for depreciation and:, depletion of
>
settled)—
10-yeai-
.
Fed; inc.
66.881,
liability for redemption of dcbenturec
(final amount paid June 15, 1948)—
—
Co.4^0^ Issue
Notes^;^in
other: than
taxes
includes
r
Telegraph*
inventories,
39.366
90,047:
c
on hand, $1,711,822,' notes and accounts
for- doubtful accounts, $26,1311,: $2,070,556;
A$SETS-~Cash in bank, and
receivable*'(less
.Current
^
r.y
for
fProv .ior Federal income taxes (the
168,
ago.—V.
year
a
/
for
pay't' cf: taxes and purcb: of savings bondA—
payable- June 15, 1948 and June 16, 1947-
Provis.
$5;398,4981i
.
/
Div.
,
■/'v •"•/•"/
1046./
J).
of
ago.
/ $4,95f7;754
-I;
payable^—trade and? others—if-/'---./1 v$446!59S71A317
Accounts
10, this Association reports electric output,
is
—————i
—
Liabilities-^-
New England Gas & Electric Association—Output—
For" the'week ended Sept.
of
Total
,
?:[■■
■ •
■
„
$1,247,597
hand..—™.;
/—.— [
receivable.——^
Inventories priced at lower. o£, eost or- marlxt»
,
889,904
IPl-oporty,,/plant and, equipment,
1,034,691
Uiiamortizedi discount and expense on debents. ;"
110,632
Cash
Accounts
fflq, orders, $7,03J, accrued?salaries and wages* $29,904; payroll- drafts
outstanding, $2,869; | accrued taxes,, including local, social security and
withhold ingv $12,420; accrued: Federal income taxes, $30,721; accrued
dividends, $16,073; accrued interest, $226; accrued expenses^ $5,929;
.
'
•
COMPARATIVE BALANCE SHEET, MAY 31
ASSETS—
-
LIABILITIES—Trade acounts payable, $64,816;
and
Retire,
/-
in
realization, $17,174); $294,124: land,.at cost (leas
reserve
for
revaluation,- $26,150), $37,461 ;• buildings and machinery
and equipment., at cost (less reserve- for depreciation and obsolescence,
it
activities
research
168,
Depletion ____i—235,164
Undevelop, lease rentals •
'
63,6b0
taxes..
—
Earnings per
k«ss
chgs.,
Depreciation
800,000
—$1,136,760
stock.——————
SfiO-.loa
share————
$2.02
—...
56,594;
estimated
83.398'
the. com¬
by
Appointment—
company
:
.
income
$2,111,257
660,000
income
retaining), SS.'Ofi;
...
oper.
Intangible
818,800
$1,880,158
this
promotion
,
oper.
cxps.
$2,061,251
50,000
funded oebt.
on
Federal
sales
department.—V.
-
Period End. June 30—
accounts
trad-j
accounts),
expense
for
Provision
and
-
.
Gross
$2,880,056
<
received
be
Panhandle Producing & Refining Co. (& Suhs.)—Earns
1947
31,781.606
98,552
.
department, of
Costs,
840,353 !
Income.
^
Interest
BALANCE
■
r
$2,621,959
operations
from
Royalties
property, plant, pnd equipment
amounted to $13,674.
j r
period
•»
0^191,61G
/ 66,607
0347,990
analysis
^
/> 68,936
—
Bids for purchase of bonds will
early In October.—V. 168, p. 850. /
search
.
NOTE—Provisioxi for depreciation of,
for
1982.
The names of the underwriters will be deter* >
competitive-bidding.
Proceeds wiU.be used to retire
bank loans and pay- for part ot, company's construction
1,
announced on Sept.
18 by Karl
M. Greiner, Vice-President - and General Sales Manager.
/ Mr. MCGill was previously with Ford Motor Co., heading up adver¬
discounts-- $10,738,885 $12,138,279
-
—-
profit on sales-...
and -aomlnistiative expenses.
Selling
16.673
Earnings per common share.......
sales
Gross
/
$125,492
______
—,—_
and
allowances
returns
less
of
Cost
Deprecfe of property, plant I and equipment—.i
v
the
with
statement
through
Packard Motor Car Co.—New
current
ratio of
YEARS ENDED MAY 21
,,
1948
registration
a
Everett G. McGill has been appointed Manager of the organization
■;/,
into the fall months of
INCOMrl STATEMENT FOR
4,461
3,694*
•/
—
Dividends
shares
"
GPw—Registers With SEC—
filed
10
June
pany
,
go
Sept.
on
program.
•
.
.Prowsioiv-for.
Common
wc
Electric
company
mined
,
$164,358;
>
income tax—prior years
Profit
( I V
due
194C, television parts represent a
very
substantial part of our backlog and we look for a continuing
demand from the many manufacturers of television receivers.
/
As
-
i——
■
.
.,
Jnterest--....
Net
.
covering $75,000,000 first and refunding mortgage bonds, seriea Ft,
$12,000,000
1948 was $2,736,068, an-.increase of
working capital at May. 31/
13,377
—v/—
I
void.-
now
the prior year. The ratio of current assets and
liabilities at May 31, 1948 was 3.38 tc i as compared to a
2.28 to 1 at May 31, 1947.
,
$900,253.,
expenses...,.
income
f
?
Monday, September 20, 1948
and
$368,372 over
.
,
sold,
Other' income
Total
1948
—
—...
administrative and general
Selling,
ENDED JUNE 30,
MONTHS
products and merchandise
Cost of
1
,
SEC
%*/■,-
•
,
'
Net
SIX*
.
"r *
'- The
restrfctioil-as to payment of dividends covered by trust Indenture
Tlte-
FOR
A
-
Pacific Gas
>
Bessey, Chairman and
Edward F.
behind us.
EARNINGS
>if
<
'
.
National Tile & Manufacturing Co.—Earnings—
V
vv ■
.
946.
p.
■•
President, on. Augi 23 said in part;
Renegotiation of Government contracts for the war years was com¬
plete I and settlement, made with the U. S. Government during: the
period ended May 31, 1949
The entire issue of debentures, Ihsuedt April-1. 1945 in the amount.
Jof $'.000,000 has been retired out of earning®, in less than four years.
The
debentures carried
the privilege oZ conversion into common
stock
at' the
price of 612.50 per share, < and had. the option been
exercised on
the entire issue, it would have-increased outstanding
*'shares of common stock by 80,000 share);. ...?Tiiis~ possibility is now
subsidiaries, 682 stores, of which
located in- 8. midwestern states.—
through
indirectly
or,
include
569
.
Ca.—Annual Report—
Oak. Mf&
"»
groceries,
V.
*•'/!
•
common
company
fresh fruits and vegetables, bakery and dairy products,
frozen foods,
meats, poultry, fish and other items customarily sold
in the general retail food business.
All - but 12. of the- stores are' of
the self-service
type.
As of June 19, 1948, the- company operated
In
•'•
& FINANCIAL CHRONICLE
THE: COMMERCIAL
corporate
128,230
shares
v!.'
1
»• i•?'■
■
A*
%
(1148)
-f-,eneral
.i.tv.c
■•
fl« J i
-v.;'
//;*>.
■'■v'
.»»
^(*1
w'T
.'»■k f •
*
>«■•
»
*
$25
par
Sept. 15 it was stated that Standard Gas & Electric Co. has
/ he,'said,
adding that, further projected construction will- bring the
designated a banking syndicate headed by The First Boston Corp.
Payment of interest of Vh% will be made cn Oct, 1/1948 on the
/ Increase to 4,500,000 tons.
;
j
and Merrill Lynch, Pierce, Fennef & Beane to underwrite the sale.—
-general mortgage 5'A converriblc- income bonds, due 2014 on Surrender 5
Mr. Peabody, in a letter accompanying proxy statements to stock*
t
Vi 168/p. 8*49,
' I' '
of the coui>on due Oct. 1, 1948.
holders, said:
/////
»
•
.-*•■ /
V./;;*ivVv f#
-riii
V;//: /•/
\ ' V • ; />.-./■."/
H
"There has been no determination as to the exact amount of addi¬
Th#! New York Stock
Exchange directs that the bonds be quoted 1
Pacific Coast Aggregates, Inc.—Stockholders' Rights—
tional capital that, may ultimately be required, but the directors are.,
ex-interest 2 h'7r
on Oct.
l, 1948; that tlie bonds shall continue to be
v
The company is offering common stockholders the" right to subscribe
asking authorization for the raising of up to 810,000,000.
It is con-;
deait in "flat," and to be a
delivery irr settlement of Exchange con¬
at- $4 a share to 184,245 shares ($5* pari common at the rate of one
templaled
that
not
more
than
approximately $5,600,000
of .thistracts made beginning Oct. 1, 1948; must
carry the April 1
1949" and ;
v
new
share
for each three
held.
Subscription rights will
expire
ainount
will be needed
within the near future.
Since market conr
subsequent coupons.
September • 30.
ditions vary from time to time, the board will adopt whatever method
Interest
is
payable at
the Central
.A
Hanover
Bank
&
Trust
Co
:syndicate headed by. Blyth & Co. Inc., including Schwabacher
is the most advantageous at the
time the financing is undertaken, i
New York, N. Y.—V.
!
168, p. 946.
' % & Co. and Craigmyle Pinney & Co., will purchase stock not subscribed
including
the sale of common
stock, the issuance of debentures, ;<■
for and will announce later whether a public offering
'
'■"
'•
'*':•'
will be made.
';:v •'
'A
with or without a provision for conversion of such debentures into
It
-
»
-
,
'
,
•
h
•
*
-.
■
.
Northern States Power Co.
Electric
totaled
output
of
59,080,000
corresponding
week
chis
kwh.,
last
as
the
compared
year;
an
_
Period End. July 31—
revenues-—
Uncollectible
oper.
Operating
Net
taxes
oper.
Net
after
—V.
168,
charges..—
p.
ended
Sept.
1.5% .—V.
11
kwh.
1948
for
168,
$7,997,370
6,187,802%
!
.The company on- Sept;
«
covering
The
1948—7 Mos.r-1947
$523,493
467,175
746.
-
4,857;580^
.'$5,527,937. $3 878 453
4,823,496
3!466'333
'
v
Service
Co.,
Huron,
S.
D;
sold
retire $1,300,000 of notes
be sold to institutional buyers and
to
held
by
banks.
The
the notes to banks.—V.
bonds
168
would
p
947
SEC—
with the SEC
Pacific Telephone & Telegraph
V
Period End. July 31—
*•"' n
.'*»•
S *!..*.
v
revenues
^
Uncollectible
oper.
29,123,583
-—
129,482
v
,
-1
23,996.195
.
C' *■'
/. 851.907
23,896,059
194,699.288
expenses
Operating taxes
Net
oper.
21,712,043
1,884,071
18,929,806
299,940
18.890.090
5,718,369
14,468,256
all
that' in
10.894,870
2,823,727
after
_______
income.
charges_____
3,803,258
'. 2,108,492 def 105,788;
;
company's
the
working
necessity
capital.
at
considered
stockholders'
the
will.
labor ?
subr
has .now'0
for
It?
a.
the balance now £
be insufficient-) to)*
/ ; .vb« f
»,'*
meeting ' will be the *
not
covered
by
col- ;
it is anticipated that
any debentures issued would have a maturity of not less than 10 nor
more, than
15 years, with an interest rate of not less than 4%
nor
more
than 5% ; if convertible debentures are issued, it is anticipated
156,879.392 107.341,105
3,130,394
____
the
in
created
have
costs
original construction program."
be
to
Also
123,954,344
23,034,980
increase
if
the
there
probability
non-convertible
but
__
company's
adoption of a retirement/ plan for employees
lective bargaining agreement.
,
*
Based upon conditions prevailing "at this time,
-;/ 502,179
;
other
all
almost
complete the
'T'
100,136
*
the
apparent to the board of directors that
remaining in our construction program fund will
195,551,195 124,456,523
28,994,101
rev._
of these and other methods.
coal greatly exceeds the present/
combination
anv
for
become
1948—7 Mos.—1947
1
and
stantial
Co.—Earnings—
1948—Month—1947
.
•
«
Operating
or
demand
of its mines,
and indication are
that this demand
continue.
The increased production of coal and the increase in
is issuable upon conversion of 15,000 shares of the
company's outstanding preferred stock.
Any funds remaining after
the conversion will be used in the general sinking fund.—V. 168.
p. 1047.
r
.
,
,
Net
has asked; the Federal Power Commission for authority '
to issue $1300,000 in sinking, fund
debentures, 41/a% series
due in 1958.
It asked also for authority to issue $700,000 in first
mortgage
bonds and $700,000 in promissory notes.
The debentures would be
company
common-shares,
capacity
1
Financing—
The
8 filed a registration statement
'
offering
Operating
Public
•
30.000 shares ($10 par) common stock, issuable upon con¬
of' 15,000
shares of'outstanding preferred stock, 5%. series.
Operating revenues
Northwestern
"
.
'Pacific Finance Corp; of Calif;-—Registers With
$6,857,263 $53,833,304.$44,178505%
5,669,054
41.914201> 35 442 472
737,183''
.
"The
.
version
6,391,166
947.
p.
•
Co.—Earnings—
664,716
$858,070
168,
-
the
1047,
p.
—V,
,
$6,873,190 $53,966,544 $44,268 244 \
<
/
15,927133,240
89|739
13,317
951,498
income._.„_
-
58,231,000
cf
1948—Month—1947
$8,010,687
rev.
Operating
revenues
Operating
expense«„_
week
with
increase
Northwestern Bell Telephone
Operating
.
(Del.)—Weekly Output—
for
company
r
-
amount
Issued
will
debentures
would
be
are
no provision for amortization,
issued, approximately 10%
of
each year.
It
is
further
amortized
be
anticipated that the debentures, whether convertible or nonconvertible, will be callable at not to exceed 103*?:
of face value.
If such
debentures provide for a conversion privilege,
it is the intent of the
company
of
the
such
that
common
debentures
shares
and
the
will
5%
be
initially
convertible
offered
prior
to
preferred
holders
shares
'
Bids for Debentures to be Received—
Bids
Rent.
for
15,
the
1.983,
York, N, Y.',
up
purchase
will
bp
to
11:30
of
$75,000,000
received
a.m.
nt
of
Room
(EDT)
Sept.
:
35-year
2315,
195
21.—V.
.
debentures
Broadway,
168,
p.
1047.
;
'
due
New
for
tion
5**
subscription
that
warrants;
to assignable
and transferable subscrip¬
subscription warrants will be issued to the
pursuant
the
convertible
prior
preferred
the
basis
of
holders
holder
on
being
entitled
to
each
2V2
shareholders
5%
and
convertible
times
the
the
prior
number
common
share¬
preferred
share¬
of
warrants
that
,
since under the articles
first 40,000 kilowatt unit is scheduled to be placed in operation in
prior preferred share/195p and the second 40,00p kilowat unit-is scheduled for operation
convertible:-prior preferred
in 1951. :7 The - progra&'' includes many extensions to the electric
shares into J2Va! common shares.; It is the company's present in(en-7
lines and^gasmains and reinforcements o( the present system * to
tion, it: conveiuibic
aeoentures are Issued,
that tneir issuance will ^
take care Of the, substantial expansion in the area served by the
be
underwritten
by underwriters
and that any convertible deben-i companyA-V,' . 168,'.Pi'; 1048.
,7 . * .
i:
tures
not
subscribed pursuant; ^to
the ..expiration , of the warrants 7>7:,: 77>AA
T
••;„/,!"...
.
A'""
will be purchased by the underwriters at such time
and upon such f . 7 » M,;
r.i nf 1M
H
Wbli cfp . 7 ./'•*' • •
: terms
and .conditions
as ; may
be'agreed upon by them and the
t;
company.
Based upon conditions prevailing .at this time, ;itis not
.
* registration Statement
probable that the financing will be carried out by a sale of *1 pre-V;'cdver^ing, $7,000,000 first mortgage
D,
•ferred shares, bufjn case preferred shares; are presently; sold' it is.
underwriters will be determined through com;anticipated that the preferred shares to be sold -will.: provide for
pelitive,!bidding. . Of
proceeds,
cumulative dividends at a rate of not, less than; 5//A nor more
than
reduction vol: outstanding short-term bank borrowings; $3,400 000
-6%callable at not to exceed 105%
of par value, with no provision*with the mdentuie trustee, available for withdrawal,.,.
•each
of
entitled«to,
With th6
due 1978,
$3,600,000 wtll.be applied to the,
wi«
the
f-\ $???
priYiieg^;«,
r
/«.
;
"
',
5!'»>•
"
.
"
.Tons
'"
*
'
t
.v.„
,—
,—
—
Federal income taxes__
Provisions for estimated
-
•
<
.
•
-
.
-
v
.
...
,
"
"
...
.
....
.
i-7; 160,000
108,825 A ;writing ,group.
Reports were
«—:
2—^
pleading investmentsfirms to
.
stock
profit
A
-
dividend
months'
three
stock.
644,465
on
shares
5%^ prior
of
preferred
•f.y-■
»''A'..T .V 7
r,
-.A
^
•;r
T.!t»
.v,—„
o*
PeLon
-lMAp!ov°ton hasten
made Wt a tcservt on account ol the
stockholders, will become effective as
...,
•
;
.
A
.1.gt.fut-J'TTh.
a
(J. C.) Penney Co.—August Sdlcs Up
-
' 194ft—Montb-*-1947
Period End; Aug. 31—
\
;
a
•-.
•,
168
006,000,
>
>
650.
p;
>
'
'
*T
,
-
.
-
tManufacturiers Trust Go., N,
in
new
1_*—'.Li
y,w_^
1
corporation, serving the third, largest city in New York State,
on Aug. 28 placed in operation the first major high-speed Rotary dial
telephone "system ever to be installed in the United States.
Designed!
.and developed by the International Telephone & Telegraph Corp. and
its-domestic manufacturing subsidiary, the Federal
the installation provides the City of Roches-,
of the most modern telephone systems in the
'
' .7
' ■ "V! •'
' I.'
..
; '.C -■
In one of the largest cut-overs to be made in the independent tele¬
phone industry: Rochester Telephone Corp." successfully converted t»
Rotary dial operation approximately 21,000 telephones out of h total
o/ 131,632. ultimately to be converted under Rochester's comprehensiveprogram calling for a completely new- telephone system of the Rotary
dial type. /7
;;• .
.
... 7„77
; 7.7
*
The corporation's Rotary equipment is housed in a newly constructed^
central office-building in the heart of Rochester.
;
:
.
Sept. T filed a letter of notification-
.The company on
:ter, N7Y. ;^ith
.country.
» 7-7
.additional oil
a
■for
1
r
Episcopal Corp. for the Diocese of
Canada—Calls Bonds and Notes
Catholic
Ontario,
v
"
■
has called for redemption on Dec. 1, next, at 100
and interest, all of the $132,300 outstanding 4%- first mortgage bonds,
due serially to 1960, and all of the $72,500 outstanding ZVi'/o
and 4%
notes, due serially .to 1951»
Payment of the bonds will be -made at the
Royal Bank of Canada, Ottawa,.Toronto, Alexandria, Montreal or Que¬
bec, Canada.'
The notes will be redeemed at any brapch 6f the b>nk
in the Province of Ontario, Canada, or at any of its branches in Mon¬
treal'or Quebec, Canada.
v." 7.
•
7. .
.7." '.
Si- -Sf;
;
.
:
1048.
p..
Payment—
The
Proceeds^^will belused-^purchase A under-theseveraltcommitments:;,o£h«the:.^banks..v.AvA"... 1
properties.'
"
"*
'lt « ^ •- : : PEG 'vstates ;;thatiiairy7Pprtion; ;of / the:i proceeds from, the~. proposed '
loans not Used...for- Rroperty- additions ..and improvements - will' be-
Electrfc Co.^ecHIy Outputs
iT • i
•_
'
A fj. :
Rochester Telephone Corp. serves an area of approximately
miles, including the rich agricultural area wtthin a radium
and with a population of more than 500,000.
,
miles of 'the- city
50
—V. 168,
®nd,:'tb6reaiter:iat;the;.'rtite''-of ZVii^' per annum. such interest to be
*pffyable. x)h Dec.1 15i. l948 and- quarter-annually thereafter. PEG has
the right, th pay,-: in; whole or. in* part, at any time prior .to maturity
^thereof, w.thont premium, the loans made under the credit agreement. PEG will pay to the respective banks a stand-by cfiargo at the
rate' of ;y2Vof-1% . per~ahnunr:ofl the average'"daily unused balance
■
corporation
.
FKG due_, March'j 15,r 1949,. -or-"pay . at • maturity: ;certainprior -
.
Board
-V.
of
168,
Period Ertd.
baye been culled for redemption., on Oct,: l, next,; at ISO and accrued
interest.
Payment will be* made at the Land Title Bank ft Trust. Co., o Brunet,
a ;Vice:rre.sident of Radio Corp. of America and
Managing
trustee; Philadelphia, Pa.—V. 168, p. 1047.
;Director : of j the - RCA intornatlonai. TByisidn;
/ "*:/ ■;*,/77: V";"7
- r
- -v
announced that7150 miles of mountainous:- terraip .separating -the
5
formerly
Stuart,
Coi.# Inc.—New Pres,—
Executive Vice-President," has
been,
late Walter L. Conwell.—V, 167,
the
succeed
to
"'7. "
'.
Safeway Stores, Inc.—Current Sales
■*"
,
T.
President
1350.
-p.
radiQrtelegraph,-',eom.t'
atdfdd -that; aPshkrp^'tecttite "-14 ^tl^^nSgh
wdiu,telephone; and;;
ualea bVd resulted.in^'ktb^antially 3ai«e*r'ea*riingsi
.:-;'1yas-deembd^ *
iAULw
advisable-, however,v Mr. Lyon added, to defdr action on an increase
* Kv^faJ^ tolrn ^sn
hv^i»
Lnv«tu
<»,r ^?1VP h-0"
in the dividend .♦eM the company^ Jcdmmon' stock
until': the end of
v
z«<^2^'«£SSKiS
^ T^n
vt
r?" !i
i
the;:«urrent. fiscaL vear
£-£1 '."7 •:>>'
f
'r:
- Mmist^y of-Posts,and Telegraph:, headed, by Don Jose Vicente Davila.
t ^The dii-fcctorfe Hleclarea the .usual quartetiy, diyideihd j'ot'
"chnts^ :
•per
share on the ^common
stock, payable Oct.
15 to holders of.
'f
ifA,
'
carrymg-four telephone channels. RCA 2p0-watt
.record 3ept. 30, and the regular quarterly dividends of $1 per share
JSmSSS —v 1
> on the^^cumulative. perfcrredTstock- and^^ OC 'cents per.'-.s^aro.-dn'. the
Ericsson company. V. 168,-p. 1048. • •
t
*
: 3.60'/f
cumulative preferred; stock,'-both payable -Noy. - l to holders
•
C.:I
;; ;:/7 ''A..' :
^
.
7reccr^oct. 714.
A"'
^ r
- A RMm^Express; Agcpcy^ Jnc.-rJE^press^Yolume -Up^
;i 4 With the exlra dividend of 25 cents paid on April- 15; totaj p&ijv A1; gahi Of 13.p//" in4 the -number of ah< express shipments handMl
ments in 1943 will amount to $1.75' per share on the common stock,
during Ihe first seven months of, this year was reported on Sept". 9
the same as paid in 1947>AV. 168, p, 487.
- . •' V
-by the,corporation'SjAir Express Divisibn.
if
650.
p.
W/'
C.
elected
cities of Bogota and Medellin, Colon>bia, will be spanned by a system
Ltd^ Inc.—Regular Dividends-—
Philip Morris &
>
V
168,
Safety Car Heating: ^ Lighting
77
(
1948—8 Mos.—1947
1948—Month—1947
Aug:-31—
$1,302,648 ^ $1,199,174'>$9,162:236" $8;571,24G
—V.
Radio Corp> o£'America-—New. Circuit— ;
,NBs 'StejmerAY^e-Fresident (pdTthk* iir K. Ericsson" Co., and Meade
v ;
:77;^;':17;:77
'
'
Sales
5% gold trust certificate^,
■Sales—
Rose's 5,10 & 25-Cent Stores, inc.
I
3 % Certificates Calledah of. the outstanding Philadelphia Electric
,
.
4,000,Od
v
;' Philadelphia:
one
Alexandria in
ai^d one share of common (each unit tq have one warrant 'entitling
the holder to buy two additional shares of common at $30 per share)..
and develop
/.The
of
."4Dnd^rwJdtervvCentrat'RoyaltlessCO;
>
by
telephone St Radio Corp.,
5,000,000 ;
5,000,000
.
c—,
System in Operation
Rochester Telephone Corp»—New
This
Roman
for^3;400 shares. ($25-par)-preferred stock and 1,700 shares of-common
stock.
The stock will be offered in units of two shares'of preferred
>
legal
18-months
an
$23,000,000
'2,300 square
5,000,000
7;.Central-^anoveY.;Rank JSi Trust Co.V N. Y.J
'Chemical'Bank. &,Trust- Co;; N.
AA.A.'A'v:
with the SEC ;
tA*
.
i
of
over
..
Producing Corp., Tulsa, Qklg*
■
PSC
.
.;■<
7,000,600
National City;Bank of
/
'
-
t-
' 2,000,000
a._'
.Guaranty-Tfust Co.. of: N. .Y^_
>7;$.;:
/ St'N-
-.7 76,000,000
N. Y.
J,» p. Morgan^&. COp, Incorporated, N. Y,..i_.
Mos^—194i
69,610,541, 61,923,268. 498,320,230 437,506,644
i Sales
A-V.
12.41 %-—
7 1948r~g
.
tV.f
14■A\-of
A
%
\ vFR^ttty ^nion2,000,000
sFirst National Bank,
...
/«
*'• ** loan 'rom
?•
:*A Wj
°
Plan which, if approved by the
tOf >uty 1; f948i—-V. 16»r
;;
and
.
manufactured
time to: time, ont. px before Sept. 15, 1948 and not later than
15, 1949, not more than $50,000,000 from nine commercial banks,7,
such loans to- be represented by unsecured notes maturing not later
than' Sept; 15,.;' 1950. Such notes are not to be acquired ~ by said
hanks for resale to the public. The commercial banks by whom the
recapitalizatiom tNet earnings per : . irons
of common stock <$5 par) outstanding afterApril
shares
624,193
f
"«
culmination
the
was
company
proposed by the company.
■
■
.
,
.
.
■'•
In an original ordered handed down in May, 1947, the PSC ap¬
proved the financings With certain modifications which were attacked
by the company's attorneys.
Tv
7
Robert
Ginna,
Vice-President of the company, said that it wa»
hoi>ed th£t the company could proceed with its financing within a
.'short'.time.
,/• j
>:,
.
$463,240'
••
parf outstanding after
($25
shar#; on
..
-the
,
,..
—
.....
t
decision
The
between
that; the company had requested some
submit proposals; fpr< the sale -of the :
$460,BOX
(Stocfc: on &$' agency basis.
: > { '
'I
; ,
.
.
«■
loll
Toil
Authorized to. Borrow ?50,000,000„,
■ . .
f^Barning?},-per-share -"on.644,465...;|lMifesvof,5&A'priot.-;,preferre^':A^,;';'Thet.SEC^p^;Sept;'';:77'approved::>the. - company's proposal to borrow
Net
-
'•
sales
'Earnings;
1
v;
battle
financing
templated financing.
The company contemplates an issue of $16,677,000 in first mortgage
bonds^ $5,<K)0,Gpa in preferred stock and $2,000,000 in common.
Of
rthis, $7,657,000 would be used for refinancing existing bonds and the;balance for new construction.—V. 168. R» 351. ; > ■
:
Public Service Electric Ss Gas Co.—Preferred Offer's
<•',■*-19'47 *The,. ct^panyAit. te^yiKierstoodj^has- been* givingrconsideration , to
earnings FOR ji MONTHS ended July si
T
.
Supreme
Commission
,
! I consolidated
Net
X'K,ly: '•""M« -A
corporation announced that the Appellate Division of the New
Court in Albany has ruled that the Public Service
cannot impose conditions in
granting approval of con¬
The
•York
?5PS„®rS, With SEC—
bonds, series
V
sion Can't Impose Conditions for Utility
to
J^uW,c >^rr,C1e ^
Commis¬
Financing—
Rochester Gas & Electric Corp.—Court Rules
.
f>'k
the company each
convert his
of
entitled
is
is
shareholder
commerce
incorporation
"holder
'' "
7
Continue Htgher
;
*
-36 Weeks Ended-
-Four Weeks Ended-
-
-
1
SaUs -in-
,
.
Some 2,267,032 shipments were dispatched over the nation's sched-
|
Pioneer
certif^ated air. lines during this -period, compare^ with-1,999,"981
stated.'
7. 7
< v
. . «
'
: ^
,*
v
- July air shiinnen*ts: Were 5% "more t^han in the "sahie month last year,1
Service & Engineering -Co^—Weekly Output—
corporation in the four> week* erthed J&ept^ 4r 1948 ,had: 3,13$
oper-ation in the United States and 133 in Canada, as against
the United States and 142 in Canada in the four weeks ended
Sept. 6, 1947.—V. 163; p. 748.
•
,1
-7
• •
>' VvirX'z
2,258 in
■
<
_
The corporation has issued a new fouf-page brochure on the Use pf
Foamg"hs cellular glass insulation for low temperature work including
cold storage applications.
Being of true glass construction, Foamgias
is impervious to moisture, odorless and vermin' proof/ When installed
according to the manufacturer's si>ecificatiQn5 it is said, to retain its
original insulating efficiency permanently.—V. 168, p. 550.
*
"
*
*
to: 20%
up
in
volume
^Northern
i
*
increases
-
.
total of
A
■■
-
.
n
...
~
31~:
$395,456
1947
$373,827
"Expenses
"
.
'
"
v.
;
'
.
Electronics Corp.—Fileg
Power Condense* &
"Interest and amort, of discount and exp. oft
WithSETC
with ,the>8EC
15, 1958, and
30;000^shares ($1 par) common stock. .The securities • will be sold in'
units of one gl.OOO debenture and 100 shares of comman stock fer
-$1,000.
Underwriters, Luckhurst & Co., New York,
Proceeds wiU be
used mainly for laboratory equipment and working capital.
. ; .
'
The company on Sept;-3 filed a' ktter o^otificatton
for $"00,000 of 6%
sinking fund debentures, due April
*
.
x
*
bds,!
-
101,841
,
■ ■»■;
101,8'41
-
•
company
7.
.
,
The
- •
^
.
7
#
:
.wn«a«t»' e*
..
the rt6ction1 of'
WiHia^»_
effective Oct. 1, replacing Robert
announces
.
,
■
Tronnair
o«
C, Tiapneli as
F. Maine who
financial consultant,frofU Scudder,-Stevens and
.Clark, iiivestmcnt counsel in New York City, where he was- senior
analyst and has been responsible for investment research m various
fields, including
the chemical, petroleum, and allied industries.
t V. 168, p. 350.
.
*t
r
y
''
f
Puhlie Service Cu, of Colorado—-Stockholders to - Vote
Financial
*
has
Secietary,
to become, an independent
Trapnett comes to the; ProwWent
resigned
Mr.
-
.
V. 168, p.
4
*
on
Financing Plan-—
The
i
Oct.
A86ETS7-Cash'irt banks-r-demand
able
'
.
"
called
;
.
a
'
,
special meeting of common stockholders
in -connection .with proposed- f inancing.
order to raise funds to carry through its
•
construction program
for the next year "and a half: the company proposes to sell $10,000,000
first: mortgage ..taonda .and tnLUCO shares ,of. preferred stock.
The preferred
will be convertible; inW ^common stock during ^the- first;^0
years;
^
7-v
^ 7
.Gut
of the funds so raised, the company proposes to . call • its
$5,500,000 3%
convertible debentures.
It is expected that only a
-relatively:.small-amouni of money will be required for this call inasmuch as'the mar'ekt price of "the common' stock is materially higher
than the price at which the debentures are convertible Intb common,
Each $ J 00 of convertible debentures is convertible into, three
shares
In
t
diipctors^have
19
'
t
<
,
.
«">*"*
for securities
company
estimate's - that
a
capability
of
44,000
kilowatts,
which
is expected
the
southern- city limits
at
an
estimated
cost
of
$15,000,000. ' The
-
!
i
'
^
\
^
(
'
Facilities—
^
' *"
-
of $300,000 "has been; made^ for the installation
supporting equipment in the Marinette," Wis¬
mill.
This unit will replace two smaller units.
the capacity of this mill from 32 to 40 tons per
result in lower pulp costs.—
expected to
is
949.
,
V. V
«,.it
Realty Co., Denver* Colo.—Files With
p»w
'
SEC—-
•
The /company on Sept,-8 filed a letter of-notification with the
SEC for 1,000 shares of nonassessable capital stock ($1 part, to be
gold at $27 per share.
Underwriters are Ralph S. Young and J, A.
Hogle & Co. Proceeds will be used lor working capital.—V. 168, p. 255.
; •
j) Reynolds TobaCCoCo.—Registers With SEC—
••
p
m.au
UfiGring—lolytn &
secondary distribution
Paper * Corp.—bGCOnaary
2.600 common^ares (par $10) at $36'/2 a
concession Of $2.50 a snare TO dealers. V.
^
share ryith a
Ipo, p, 550.
equal to $50.48 per
1948.
.date.
that
;
,
,
t
Fund, Inc.—Net Assets—;
total nei assets' of $24,933,905 on Sepl.
share on the 493,909 shares outstanding
' This -compares
total
with
net
assets
$22,585,583
of
share on the 449,973 ^shares
,»
V. » ..
,
,
Commercial, Corp.—Suspended From Traid'3
order pursuant
1943 suspending
serial preferred stock, 5'/o : series A ($50
par) and the eoramoiv stock ($10 par)-of the corporation listed on tho
Baltimore 8tock Exchange for a 10-day period effective at the opening
of the
trading session of said Exchange on Sept. 7, 1948, "for the
purpose
of preventing fraudulent, deceptive or manipulative acts
practices."
The Commission stated that such suspension is required
in the public interest.
The Commission on Sept. 16 extended the suspension for another 10-day period, or until Sept. 27. See also v; 168,
•
(
•
;
p,
cumulative
the
in
trading
coliateral
*
interest
accrued on collateral trust bonds, $2L667/ provision for taxes, $2,02I;
accrued expenses, $4,79$; collateral trust 3Va'o bonds,, twelfth series,
due Dec. 1, 1955, $4,000,000; 4% cumulative convertibk. preferred stock
($50 par), $2,029,250; common stock ($10 par), $1,631,400; capital
surplus. $515,047; -. earned surnlus (accumulated since Jan. 1, .1932),
$1,155,347;'total,. $9,371,575v—Vf.163, p. 1048.
^
RiegCl
:
><
to Section 19 (a).(4) .of
unamortized- discount and expense on
trust,'bonds/:$42,450; total,--$9,371,575. •••—-•- • - L '[ liabilities—Payable for securities purchased,' 93,046;
Co., Inc., on Sept. 13 offered as a
to be Diaced in
4
ThA -SEC announced Sept., 3 that it has entered an
the Securities Exchange Act of
r,
afr »ost; $8^41,686;
t
'extensions throughout the .company. It. includes the completion of the
new generator unit at the company's Lacombe-Station, in Denver w*ui
V
pulp
Seaboard
deposits.-$321,601; dividends re-
"nie'compftny one. Sept. 15 filed: a registration statement with the
SEC CQvering. $60,000,000 of debentures,, Sue
tyjp, and 260,000
shares Of prefen«i stock fpar $1007 Underwnters are Dillon Read
1 & Co Inc. and Reynolds & Co. ^oiders
^e common
000,009 -a year and 611,000,00 a year for tne remaining three years.
new class B common stock will^ be^ ^sued transferable subscription
The
funds proposed .to be raised through this financing,
together
warrants entitling them to subsenbe to the preferred stock at the
with company - funds; are expected : to carir the
program intp the
pr one. -preleired ^aw for each
first ouarter of 1950.
:
-«
- .
■
^ ;
>■
date. Proceeds will be applied to the reduction of short-term notes.
This construction program embraces gas sed el^tr'e
J—V. 168, p, 1048,
:
-
on,Sept. 8, 1947, equivalent to $50.19 per
then outstanding.—V. 167, p. 1927.
;
interest receivable on bonds, $31,907; receivsold, $22,021;-investments in marketable securities,
I™ '
during the' next tive years it will
expend approximately 363,000,000 fof .construction.
It is estimfted
that iduring 1948 and
1949 these expenditures will approximate $15,The
'
"
*
corporation reports
The
.
7,
ceiVable, $12,510; accrued
.
"i
Scudder, Stevens & Clark
BALANCE SHEET^. JULY-31, 1948
"
;
*
*
digester and
sulphite
win rincrea&e
and'
-
1
"day." "The 'installation
1948 and $296,846
note—The company files as a "regulated investment co(npany.'?
; The portion, if any, of the realized gains during the nine months
' ended July/31, and
of the unrealized appreciation at July 3l, which
; may be EUbject t0 tax cannot now be determined and no provision
f
b p0SSjbie tax'has been made in the financial statements.
7 i7 ••
:v..;77:,77
.
hew
a
consin
1-*2J?'?52
4 7 convertible preferred dividends.,——
J1-1,'!
i^'Jno
Common stock dividends
130,512
114,198
_V ",
4/1QC),r .
.. Surplus for period..-.,——-.-^——«
$48,60a - - $44,404
1
Co.: iftf Philadelphia.
•
appropriation
An
•of
on
Provident Mutual Life Insurance^
•--Financial Secretary Elected—
:
.
""Eefore gain from sale of securities of $137,128 in
.
»
"
52,206
1948
and int
''7
7:;'7
Scott Paper Co-—Increased Pulp
-
53,318
Months Ended July
Total investment income from divs.
-vj;...
t
corporation on
'
.
Railway & Light Securities LO.rr-r-lLarningS—
•
a,-.-;
...I-
Sept. 13 announced the formation of Alelroso
Co., Inc., a new subsidiary to distribute an outstanding line of
•American and imported Canadian blended whiskies.
> As. successors to
Records and Golasbcraugh, prominent Maryland
distillers for 63 years,
the new company will continue the nationally
-known Melrose brand name and resume bottling and rectifying oper¬
ations in the predecessor- concern's plan tin Baltimore; Md.,1 according
to Seward W. Eric, President of Melrose & Co.—V.
167, p. 1927.
reported in the Mid-central,
South^Atldhtie*'"ah(r;^ Eastern',Lakes' region": of^':the country.;;
285,043 shipments were flown in duly over the 81,000,mile .domestic, airline, network, . against' 272,331 Shipments in July,
' 1947, Jthe report stated.—V. 168, p. 550,
. -•
l
with
:.7;'7'
This
ft
,
,.
-
Nuw 3ubsidihry^
,Sche»teyi Distillers ^rp^ForiR$
•,
[:&$.
,
x
.
The
:
•'
lshipmehts handlea'during' the"fir^t seven months of 1947, the agency
T.
vm- LZt Blectric?output ol the operating companies: served by this corporation for' the week ended Sept. 11, 1948, totaled 248,153,000 kwh., ks
>'
compared with 236,392,000 kwh. for th,e corresponding week last year,
an increase of 5,0% .r-Y. 168, p.il047.
f ^ -^
/
v7 •'
•
«•',
V
v
Piitsburgh Corning Corp.—-Issues Brochure—
1:
,
"*
$
$
78,(>09,096 819,556,268 699,894,993
6.026,973
58,429,653
48>203,12»
7,267,469
Canada
stores in
S:-
,
.;
v
Sept. 6, '47
*'r$ ''■ \ ■ •"
Sept. 4, '48
'
*
,
«\« ?
butted «5tate&«-87,113,973
i:i
Sales
*
Sept. 6, '47
Sept. 4,'48
^ 'f ,
$
'
^048,
sales 7——
—_
iiCogt>Of:g;oad*':SOi!L.-t7ii.—ula—-77—-i--.
Selling and administrative expenses-..—
—
-
"
.
;/!''*
'
l>'>
i
- V-
*
^
V}'r
•
^
ll,180,55(k
2,159,41a
9,099
other income/less other chgs._
'r
,
[
'•
'
^
«''
■■■- - !*■■■■ •■>
.'
—$807,843
T———'
40,237
Total income
'
1943.'
$14,138,713
' $798,744
Gross ..profit -
Royalties, divs., rentals and
'
•'
• « -
...
Suhs.)—Earnings—
SIX MONTHS ENDED JUNE 30,:
INCGME STATEMENT,
*Nefe
■
- • . <
;
Seiberling: Rubber Co. (&
—
———
•Interestexpense' /net )
Depreciation
i—-——273,82:4
Prov, for Federal andDoir.inion income taxes-.^-^,i.-iv--i.>»r;,
186,971
Net income
Earned
-*
per
0Afterexcise
——
common
7:—:
share——_________
freight
——
—
returns,
deducting
tax,
' 7,083
7-" 7.
Minority interest
and
parcel
$299,*733
——_7-7y^ $0.59
cash discounts,
allowances,
bonuses,
post.
7.
7;
\
negotiated with the Penn Mutual Life Insurance
Co., Ph.dadelphia. Pa., a ten-year term loan for $2,000,000, at 37/a^
*;Interest. 7This nicney was to be used to retire an equal amount of
short-term loans from commercial banks.
As .a
result,..of, the approval of preferred stockholders the loan
In
April
company
x*
•
7
was'consummated
on
June
17, 1848.
„
'/
,
<i
■
•
*
.
.
.14
(1150)
.
THE COMMERCIAL, & FINANCIAL CHRONICLE
-
BALANCE SHEET;
CONSOLIDATED
.....
V
•
.-
ASSETS—Cash
hand
on
and
bonds—series <0, $100,000;
S4,650,637;
inventories,
at
cost
*
etc
,
Southwestern Bell Telephone
.
trade
j
<net),
Operating
Operating
—V.
profit
Common
Earns,
shrs.
per
sh
com.
1948—9 Mos.—1947
1,726,926
1,726,926
$0.52
$1.97
deducting
168, p. 749.
tax
^
$500,000 for special
and
reserves
charges.—
other
Cash
Other
,
these
of
Sharp
marks
another
step
Dohme's export
^
&
in
the
be
responsible
Philippine
-for
Islands.
the
455,120
4,004,000
■
r-t-
-
$2,978,912
846,506
BALANCE
$7.31
distribution
of
all
S&D
products
in
Sundry
for
V
J.
the
Sharp & Dohme business in Cuba.
present time Mr.
the Philippines
done
as
distribution
& Dohme's
centers
Earned
Wimpenney stated, no manufacturing will
or Cuba.
The new subsidiaries will serve
in
for
finished
products
manufactured
at
225,000
5,915,320
1,520,549
surplus
declines
Period End. Aug. 31—
1943—Month—1947
Sales
$2,476,t'34
The
above
includes
rhnre
against 316
a
Up 5.47%—
?
225,000
stcck,
Capital
""
sales
of
**21
vpre
the
corporation
retail
u'rits
and
its
operating
wholly-owned
in
August,
1948,
•
shares
mon
ago.—V. 168, p. 1049.
year
—V.
13,465,060
19,628,411
Sheller Manufacturing Corp.—Earnings—
Profit before provision
Federal
taxes
for Federal Income
Net: profit
Preferred
dividend
$1,987,424
_i;;
850,575
$1,227,151
■
,
w'
42,500
227,698
122,801
-
•
$0.86
for
Net
stock
common
and
surplus
$1,184,651
430,840 shares
on
stk.
com.
Net
■
*On
a
Rubber
pro
basis.
forma
Division
which
V. 167,. p.: 2137.
^
SKF
Including
the operations of the
acquired
in December of last
:.'■
was
;
61,715,475
48,285,635
Citingsteadily
.
rising
it
will
-While the price changes will riot be uniform
anti-friction bearings produced
the
.held
costs,
this corporation
prices, effective Oct. 1,
increase
by
-pivs.
Prices—
over
company,
the wide range of
the increases will
which
are
increases
monel metal
will
also
apply
to
steel,
stainless
bronze,
steel,
In
Other
Gas
24,533,837
1,037,635
14,271,946
and
chgs.
Gas
of
Co.—Sale of Stock
Exempted—
The
SEC
wealth
lo exempted from competitive bidding Common¬
Sept.
on
Southern
Southern
Indiana.
Corp.'s- proposed sale
The
SEC
©f the negotiated sale.—V.
of
reserved
400.000
Jurisdiction
the
over
V
;
-
4,681,158
Thisv Uniform:
Securities
all
"when
Practice
Dealers,
Inc.,
of
in
the
■
13,
No.
on
Sept.
th?
National
10
value $7.50, shall be settled
company's
1948.
".A'1 contract-*, made
on
shall be
'
*
on Sept. 20,
over-the-counter
regular way,
''
»
?.«*.
"Revised
V'1
828,076
1,157,306
DiVs.
and
""sl
'
Association
stock,-
;
.
394,778
"
J
Nc*York'u»on
470,225
of:
contracts
in
shall be regular way,
the*'
the
Sept.
on
10
-
and
of
7,
V- Period—
' 1948
,
$
j
Asks for Bids
Bids
series
2?
i
The
©f
for
the
purchase
proceeds
,
•
\
;>-
$
$8,700,000
equipment
be
used
to
to
cost
$11,600,000.:":
finance
Diesel .switching
168, p. 950.
accounts
receiv¬
accounts
of $100,000), $7,222,547;
market), $27,364,711; advances
plants, seeds, etc. (less allowances
arising
from
sales
of
$22,000), $.1,093,492; farm inventories of cattle, feed, etc.,
cost of growing crops, and expenses applicable to current
pack, $914,641; prepaid taxes, insurance, etc., $413,179; ac¬
cash
subsidiary companies, $308,021; investment in market¬
at cost (quoted market value approximately $878,000),
surrender
value
life
of
insurance,
$152,136;
advances
(after
allowance for depreciation
and
amorti¬
of
other
$13.86
•
stock
84.37
(par $1),
$1,063,092;
capital surplus,
$6,777,274;
earned surplus,
$15,543,813; total, $54,311,835.—V. 168, P. 750.
recorded
subse-
Sun Oil Co.—To Expand Toledo Refinery—
$7,058,879
20,881
announced
was
on
Sept. li that
improved catalytic cracking
an
"
features
process
this
company's
plans
for
$16,000,000
a
expansion
porgram at its Toledo,: Ohio, refinery.
r
■
r
This was revealed by Clarence H. Thayer, Vice-President
1947
»
,
$6,145,938
in
charge
•
21,518
of. manufacturing, in announcing the signing of
Catalytic Construction Co. of Philadelphia, Pa.,
,
$7,079,760
$6,167,456
>836,156 II
820,992
refinery
new
units.
,
.
contract
a
for
the
with
building
"
,
the
of
-
,
The
'advancedrprocess, ^known■ .a%~Houdriflow,- was developed Jointly
by Houdry.JProeess Corp.-and Sun'Oil Co.
It employs a pneumatic
■*4ift for, cirpidatirig* the catalyst;'1 " ^v * V
r
?
r-
•
.
$2,406,360
$6,243,604 ; $5,346,464
.
.611,168
1.017,355
.
This
$2,128,699-,$l;936,135
I
$5,632,436 "44,329,109
;':"' '::
:
lower percentage of
■
scheduled
Also
V
$3 24 '
1
catalytic cracking plant vwill greatly increase the avail¬
high quality; gnSdline'^and-. domestic-heating
oil
with'*.
new
ability .^>f
ar 50
gas
1
recovery
heavy products such
construction at
for
bunker oil.
as
*
iri|: Toledo refinery
*
gasoline-"stabilization" plant,*
and
-
are
crude distillation; unit^'a"rva'cuum Hash units and
end ecpiipnient: required by "the major installations. "
plant;
a
r units
large
a
new polymerization
a
auxiliary
(Ind.)
(&-
?'
■
Subs.)-—Earniiig^H'V
-
-
„
-
1948
■-
and
house,
1047 )
•">for-
$
{
•
>•
.
of
prop.L..-
—_I_—
interest
in
net
26,356,983
:
22,970,000
—
paid
stockholders'-
3,985,133
5,853,159
C United
2,042,834
'
states.
will
t-.^,
almost
.
I"...
y
■
double ^the
4
._
'_
eapaeity
::
;
Process 'design
Fluor
Corp.
the
for
;
compression
gas
wiU
unit
be v done
fey
Process
and
* 21.884 666
10,823,920
4l 890,563
.
Engineers, Inc. will design the gas absorption
gasoline 'stabilization, r unit.: Mr, ..Thayer said:
'
!", V-'"1: : ! /
Major construction is expected to be completed by Dec* i 31; :194ft.
'
■
—V.
•
•
167, p.; 2474.
:
2,C72,63i 'V i',487^09
Swift .&, Co.—-Government Would Split
/
See
Earnings per share
168, p. 950;
j: ■]
;;
units
ir»come
—:
income:.———V.—.v.—
riew
completed/ the
V
.
—
©peratingv-persorinel.- l
the,Toled<^>refinery,,andV/placq.v.it r.among%the;'30. Jargesfr'in itbm-
i.——,597,74G,703 412,106,212
.478,125,107 336,063,124
amortiz.
income taxes
a ;J, steam
generating
unit,
a
water
supply
apcl
unitv, charge -and- product tankage, slorage facilities.'a ware¬
maintenance shops, an electric sub-station and office facilitijea
-P When
revenues-Vn;593,76i;570- .406,253,053
M
State
cooling
•
j
66,179,148
'
..
■
$4.33
Armour
&
above.—V.
Co.,
167,
p.
Company^..
2365.
-
40,936.430
•
$2.68
Tennesese Corp.
(& Subs.)—Earnings—
v
6 Mos. End. June 30—
.
Standard Tube Co., .Detroit—-Stock
Subscriptions——
1
1948
'
7 «Net" income, (est.)_
-
/
-
$1,950,399
'
1947
1945
Earnings
Of the 136,667 shares of class B common stock
(par $1) offered
for
subscription by stockohlders, 95,228 shares were
subscribed
for
at $3 per share,and"".41,439 shares have*'beeri removed from
per
share_"
/
"
J
S2.28
t
.1945
$890.0311 i' 18598,129
$1,785,951
"
$2.09
-$i.04
-
I1.V. $0.70
.
will
11
J
1948—12 Mos
,;;470,225.
—V.
$/;!; .'I :;
trust
certificates
1948, and due semi-annually April 15 1949received by the company up tq Noon .'(E8T)
freight lomotive units.—V.
V
-•
1947
r.'.'
.Net
7,451,160 216,265,723 191,886,631
estimated
®^e^ed consists of
,-i:v 1948
>»
000 due June 1, 1962, $9,500,000; mortgage bonds. on property acquired,
payable. Sep^ 1, 1952, $80,000; minority stockholders' interest,
$324,051; 5% cumulative preferred stock (par $20), $9,773,520; common
(COMPANY ONLY)
^
15,
<fo ,1958, w111 be
net
of
and
It
^;46l,667
subsidiaries;
Equipment Issue-
on
OO, dated Oct,
equipment
1947
^
$5,820,270;
'
i 1'
.
connection
periods.
$2,668,027
286,559
.
,
-
Jan. 1 to Aug. 31
.-V :
■
8,623,683
..
.
Minority
Jan. 1 to Sept. 7
10 Days End. Aug. 31
1948
1947
Gross earnings,
,$2^10,036
394;778
____
hnd operating
interest
k ^' v s '-v^
$
5,618,454
5,041,480^221,884,177 196,928,111
,
adjustments
those
- —
___V_.V $2,415,^58
deductions
Federal
earnings-—
of
to
1948^45 Mosu-^1947
*
Total income
Operating charges
.Jeprcciution, dcplet. and
Southern Ry.—Estimated Gross
Earnings—
Gross
assoc.
^
*
after
W»">k End. Sept, 7
1948
1947
?
1
4%
-
$2.86
i)ividonds,intires$,ei,c.——
that
•
,
.1
,1948
to banks, due in June, 1948 (including
$500,000 long-term serial note), $5,000,000: accounts payable, $2,618,685; dividends payable, July 1, 1948, $387,097; accrued salaries, wages
168,;p. 352.
S*1®®
Sept,. 16. 1948
unle5s.ct.herwise specified.rrV,167, p. l7od. v
Period-
applicable
.
on
?/.'
31
6,49^64^
5,343,14^
;
equalization
are
Standard Oil Co.
company's $1 par value capital
Sept. 20, 1948.
over-the-counter
deposits,
doubtful
.'N
f
MAY
These* includes
Noon
National-: Association
13, announced
on
made
stock
6 Monthg Ended June 30—
Cmtmiitee
demand
for
**%
*
820,992
$11.41
$4 cumulative
preferred
Common stock
V
V.
and
allowance
Si.
SHEET,
••
1,017,355
Earnings-Tier•;.share;''off'capitaf-stoQk^:'i..-'v:.;:ri^--^
:
BALANCE
earlier.
individuals,
611,168
;
ICo.r^toc^Deiiveiy Ruling—^
®f,C^ie8 ?,e? ?,rs', ^'..District NoAll
when distributed
All 'contracts
reflect
which
Net income
'
I
r
amounting;
year
,
-
\ '^S
\
a
8,531
$0.13
Total
Expenses and taxes..-..-
is inviting bids for the purchase of the
entire amount
equipment trust certificates, series Y, to mature
in 10
equal annual.instalments and to be secured
by new railroad equip¬
ment costing not less than $16,575,000.
/"Bids will be received at com-
©lock shall be settled
preferred
income
by
compensation, $567,180; accrued taxes, other than taxes on
$311,692; accrued interest,
$127,425;
accrued
freight, etc.,
advance payment on unfilled, orders, $177,959; provision for
taxes on income (Federal, $1,957,072 and State, $40,130), $1,997,202;
notes
payable,
due serially $500,000 on each June 1, 1949 to 1951,
inclusive; $600,000 on each June 1, 1952 to 1961, inclusive; and $2,000,-
20,306
Gross
$23,487,624
owned
836,156
461,667
286,559
3,075
Income
with
was
income,
par
1948
1948
sub,.
$62,645;
$2,847,721
:
Sept. 16,
168, p; 950.
compared
31,
accru-
no
$9,234,021), $9,414,414; prepaid and deferred items (current
above), $452,253; goodwill, formulae, copyrights, trade-marks,
etc., $1; total,. $54,311,635.
8,329,994
$2,806,961
-
.
after
5
\
of
that
31
May
$5J28
.
$1,350,000
(at lower of average cost or
securities,
zation
6,165,219
5,838,464 V 6,790,465
cos...
company
TheZUbiforia- -Pfactice
from
at
buildings and equipment
2,164,775
STATEMENT OF INCOME
Southern Pacific Co.—Bids for
Equipment Issile—
.
'
1,670,881
st6ck.'.l*...i_*A.ii'L
Period End. June 30—
©f $11,050,000 of
Southern Production
to
but
approximately
LIABILITIES—Notes payable,
Divs. ${ int. Trom others
announced
capital
unless otherwise specified.—V.
f
t
-I;-.'
•
Committee
contracts
cumulative
quently
■>
Co.-~Delivery Ruling—
District
distributed"
5,119,584
Common stock
results
i
',
■>
355,187
.
3,814,668
Co.
preference ■'
$7.02
,
with future seasons' packs, and sundry
assets, $302,839;
receivable, subsidiary company, current portion above. $156,208;
investments in capital stocks of subsidiary companies, $235,073; land,
shares of
common
168, p. 950.
Southern Natural Gas
i
>
rPrlor
-
&
in
•
V
: $1.97
portion
Stand-
Elec.
911,928
'
...
of
$461,851;
6,504*280
|
of
&
957.476
1,063,092
after pfd.
account
598,049
Consol. '.n6t income-. *. »3,661,40t
^,906,572 V
•Earnings per shard .of capital stock-^'
$4
Southern Indiana; Gas & Electric
-
10,955,491
6,545,748
Electrie
output of this company for' the' week ended Sept. 11, 1948,
totaled
3.314,000 kwh.,
as
compared
with
2,703,000 kwh.
for
the
corresponding, week last year,an increase of 22.6% .—V. 168, p. 1049.
11,232,821
433,417
—.
Income
share
May
on
4
growers
season's
,
3,247,894
Co.
taxes
and
15,204,912
counts receivable,
23,980,177
490,531
Standard Gas & Elec¬
tric Co.:
Southern Colorado Power Co.—Weekly
Output—
23,496,202
5,909,377
4,642,744
Exps.
producers, the
7,111.911
non-recurring profit of
a
(after
able
3,256,289
and
balls, of which the company is one of the nation's leading
announcement stated,—V.
168, p. 488.
to
555,076
un*
Elec.
$
2,520,504
outstdg
.
for losses
24,535,253
307,600
...
&
1946
$
accumulated
Income of Stand¬
ard
shrs.
CONSOLIDATED
77,650,759
I,
com.
company
V
102.186,012
14,579,546
income..
subsidiary
10%, ft. R. Zisette, General Sales Manager, explained.
are barely sufficient
to covfr the increases in cost
experiencing from day to day," he said.
changes
we
Price
net
1947
88.969,163
taxes-
requirements
t
ASSETS—Cash
90,084,481
■
and
$32,348,826
able
114,618,318
5,226,978
■■■"
107,018.513
/partnerships^ estates,: trusts, investment companies, etc.
Balance of income of
.
1948
chgs.
of
inventories
641,324
on capital stocks
by public
'' :;'J" n
'
NOTE—^Working capital also increased during the year,
1948—12 Mos.—'*1947
13,429,840
Dr)
deductions
distrib.
on
average less than
"These
(net
Minority Interest
on '
'
'
$9,945,035 V $9,338,844
—————
per common
The
41,493,819
12,788,516
manufacturing
15 announced that
most of its. products.
income
Income
knc.—To>Increase
Sept.
operating income
Other
1,964,433
4,356,315
u'\rv'
*'*•
<
after
tlncluded
$0.46
56,073,365
year.—
s.;.'
■
Industries,
Dryden
1,964,433
5,013,606
—
v' ,1
t
ing from the sale of a building in Indianapolis. There were
4 stantial non-recurring items contained in income for 1947. •.
COMPANIES
Operating revenues
Oper. t-xps. and taxes*
$1,339,385
$2.73
$2.41
1,007,181
1,466,990
95,110,041
dividend
Subs.)—Earnings—
1948—6 Mos.—*1947
....
Earnings per thare
$543,925
901,392
1,466.990
•
$
SUB.
I
earns,
Number
1943
$1.60
—....
Period End. June 30—
$1,381,885
42,500
requirements.!
$593,614
—
143,699 .'hares—
value,
par
sales
$3,357,000
(Not incl. Pittsburgh Railways Co. and .subsidiaries
and other street
railway subsidiaries of Philadelphia Co.)
$2,232,460
760,273
.
,
,
......
stock
taxes
•'income—-
on
406,453
$9,338,844
Stokely-Van Camp, Inc.—Record Sales and Earnings--
to
*1947"
110
Fiscal Years End. May 31—
167, p. 2693.
Standard Gas & Electric Co. (&
1948
,
.498,295,
167, p, 1594.
Earns,
1947
$5,403,206
512,763
1,143,231,
$9,945,035
—
...
Total—
—V.
:
6 Months Ended June 30—
577,203
ex-W:.;
plan
—
surplus
*''f %
Net
1948
—$6,791,783
Net profit after
charges and taxes
425,072
Earned per share on 266,000 ccm-
13,500
91,283
1,270,356
Operating surplus, from July 1, 1937
Corp.—Earnings—■
Sales
i
V
retirement
6,575
13.500
91.183
——_
$
6 Months Ended June 30—
1948—8 Mos.—1947
$2,348,473 $21,117,465 $18,809,799
-.
(prepaid
909,787
4,063,849
76,169
amortization)
750.
Standard Forglngs
.
844,115
—
I—
Common
1,665,953
13,465,060
23,849,781
charges
'
$620,538
1,570,810
4,607,306
—
(cost)
for
1947
$478,399
1,488.510
(net)—-I——
market)
or
receivable
etc.)™:.—
Net
Shoe Corp. of America—August Sales
$7.78
■
LIABILITIES—
2,500,000
...
cost
Accounts payable and accrued expenses
Accrued Federal, State and town taxes
$52,177,657 $47,022,031
—V. 168, p.
fhiladelphia and Glenolden, Pa., plants, he said.
future price
of
reserve
Total
3,775,000
..
(lower
(after
pense,
6,706,312
-
VTotal
■
Sharp
possible
440,097
:■■■
SHEET, JUNE 30
receivable—customers
Deferred
$1,556,295
J.
Income
on
accruals
Capital stock
handle
At
for
-440,097
87.29
:
-
1 i'
$52,177,657 $47,022,031
-
3,550,000
will
Reserve
paid---
securities
287,903
12,960,905
938,819
Funded debt
,
and
758,5CO
$1,141,242
>
■
Bldgs. (after reserves for dcprcc. and amort.)
Machinery and equipment (after reserves for
/■depreciation and amort.)——...
22,702,052
311,122
$1,151,947
taxes
118,663
669,300
$1,059,200
accounts
Land
6,137,778
938,180
payable
fund payment
other
$2,018,411
136,737
etc.)
tax__.
deposits and currency..———
savings bonds and notes (redempt'n val.)
Inventories
$3,994,574
23,139,834
Accrued Federal
discounts,
income
Miscellaneous
deprefe.)—Vv 19,349,424
;
resetve
.iv.
Sinking
1,
the
This
S.
Miscellaneous
30
$1,995,230
-
charges
Accounts
(cash
U.
income
Account©
1947
;
assets
operation was formerly performed by dis¬
tributors for Sharp & Dohme, the Elizalde Trading Co. « '
;
Productos Sharp & Dohme de Cuba S.A., the new Cuban
subsidiary,
be
JUNE
6,443.867
—
Total
; 11,334
1,875.237-
ASSETS-—1948
LIABILITIES—
Mr,
;
17,076
12,595
.
charges
U. S.
846,506
SHEET,
—
(less
19,380
Cash—Demand
$6,281,786
$3.31
.
1948
.
'■
v ''
:x_;——-
income.^
BALANCE
t
846,506
$3,46
CONSOLIDATED
■
$2,892,401
846,506
I
$2.05
•.
:,rr.:-.L
Ju
in¬
activities,
Wimpenney stated. <
«
r
1
Sharp & Dahme (Philippines), Inc., which began operations Sept.
will
1,980,000
508,908
1,742,000
receivable
Deferred
<
;
subsidiaries
of
230,246
$1,779,235
assets
342,669
''
$1,988,740
3,633,661
outf-,tar.d._
....
Accounts
expansion
2,778,664
-
com. share
per
Permanent
and
1,867,327
1,060,000
,■
1,107,612
1'
'
...I... I $1,844,023
£ecurities-_„L__VIl.__.
.Dividends-- declared
.'Earnings per
$14,374,567
;
Wimpenney,- Director of Export Operations, - on Sept. -15
Announced
the
opening, of two new subsidiaries in Cuba and the
Philippine IJands,
4
'
,..:,,v
,,•
Organization
$7,921,973
(est.)_
>,,
COMPARATIVE
B.
tegration
$7,056,485
ASSETS—
Sharp & Dohme, Inc.—Two New Subsidiaries Formed
William
.
shares
Inventories
.
$4,431,440
profit
Com.
..'$0.40
V
income
—
income...
Total
1948—6 Mos.—1947
1948—3 Mos.—1947
-
254,366
*
••
1,726,926
$0.90
Other
from
Net.
1,337,849
Earnings
897,396
1,726,926
Income
Other
Period End. June 30—
Net
$54,136,500 $39,004,600
3,594,661
.
559,568
Gross earnings
"}'"y
Operating VprofitV___H__—_i—_L^
■
-
.
r
-
'
Expenses
$973,107
outstdg._
•After
V,
STATED—
'1
4,722,832
361,374
>
i
$8,161,913
1,327.181
—
:
1947
,'^4,811,1071
...
k.'
' -7,497,158
-V-I
9,294,660
6,588,201
of
and general • expenses
Additional cmnyensation to employeei——
; (A. E.) Staley Mfg. Co. (& Subs.)—Earnings—
<*
$1,609,204
9,223,936
930,893
€- -**
v
.1943
$8,343,633
Reserve for
Fed-
aiter
eral taxes„„___—-■-_
1,136,891
W
»
Selling
168, p. 750.
Fed.
-NOT
sales
Net
1,027,499
L'*".'--. i;
i
•
Cost
•/
:r 251,890
% 466,372
j
/'t
Net
taxes
'
Serve!, Inc.—-Earnings---
-
...«
Depreciation
194S—3 Mos.—1947
Sales
.18,847,751
16,470,633 127,336,527 103,662,282
16,272,67213,678,640 104,990,955 I 82,220,015
1 " 1,547,580
VI,655,102
13,121,636
12,147,607
Net oper. income__l.
Net -after charges
provided in prior years—deferred, $34,292; minority interest in
subsidiary,
$151,331;
cumulative preferred stock, $3,330,100;
class A 5% preferred stock, $1,379,200; common stock (par value $1),
Period End. July 31—
-
revenues
Operating expenses
tion
total, $17,540,728.—V, 167, p, 2692.
36,386
65,8621
-
Monday, September 20> 1048
(L. S.) Sts»Tctt Go:—^Annual Report— ;j
."'■Years Ended June 30—
V
18,507,019" 127,802,899 183, 914,172
18,913,633
-
rev._ .'
oper.
Operating
loans, $1,1G8,900; accounts payable, trade, $1,payable,—other, $117,283;
Federal and Dominion
income taxes, $547,836; accrued liubiliti?3, 8732,035; bond and mort¬
gage payment due within one year, $25,000 ; 3%%
unsecured promis¬
sory note, matures July 1, 1958, 82,000,000; bond issues and mortgages,
Canadian company, $650,000; deferred, credits, $191; reserve for con¬
tingencies,
$182,012;
reserve
for insurance on branch v. inventories,
$104,403; reserve for conference expense, $1,109; reserve for deprecia¬
surplus, $4,891,865;
;;
.1948^-7 Mos,- -1947.
.
•
accounts
3301.010;
1948—Month—1947..
revenues
Uncollectible
.LIABILITIES—Bank
431,24)
Period End. July 31—
$
■■}.Vv: -v:,v;;
.
Co.—Earnings—
8. -Savings
U.
prepaidexpenses, $40,921; non(net),-$57,474; plant and equip¬
charges $118,971; patents,
$6,320,200;
$4,606,242; deferred
$1; lota!, 317,548,728.
(net),
-developments,
JUNE 30, 1948
$1,654,082;
accomits receivable,
and -reoeivab.e3
cUrrent: investments
ment,
banks,
in
notes and
'
up
to
75%
;
of
the
The
equipment
locomotives and 64
.
tion.—V.
"
cost
to
be
Diesel
'
-
registra-
168,
■
p.
352.
?
t
After
Federal
providing for interest
and
State
tingencies.—V. 167,
.
income
p.
on
loan
taxes
and
889.
«
,
and
serial
after
,
.
.>
notes; •
depreciatian.
for cori-
appropriation
.
7
*
J
;
,
:
Sterling, Iric.^—To Mfeke 5%^ Stoick DistributioiP- 5::
;
Texas Gulf Producing
Co^—Merger Subsidiary-^
On
Aug. 31, this company completed the merger of its
the De Large Oil Co., with itself.—V. 168, p.. 52.
•/
-
The New York Curb Exchange on
Sept.. 15 approved for listing 27,869
additional shares of $1 par common
'stock, Issuable against the payment
of a
5%.istock ,diyidend.-rV. 166, p. 1155.
; iv/-
.
'
.
.
*«'
;
*.
:
(Continued
on
page;52)\
.
subsidiary,
Volume
THE
Number 4735
168
COMMERCIAL
ft
FINANCIAL
CHRONICLE
(1151)
15
Stock Record «» New York Stock Exchange
DULY RANGE OF PBCES
C s WEEKLY VOLUME OF IMOMt
{
YEARLY RANGE OF SOLE PUCES
*Sv.\
'
-X
Range for Previous
87 y2
66% May
Oct
45% Feb
11
55y2 Jun
18%
Oct
14% Feb
11
23% May 15
42
Apr
6
Oct
28'/2 Feb
13
7% Feb
10
% 38%
Feb
13% Sep
2
27% May 15
25 %
Dec
Dec
Feb
Xi 3% Apr 14
14% Feb 26
121% May 21
80% Jun
2
71% Sep
17
25% May
44
Feb
37
Feb
10
56
Jan
76%
Nov
70% Jan
7
27 %
Dec
48%, Feb
903/4
Nov
1.0'/a
Dec
-
18
xl71
Feb
36'A
Oct
28
25
90
Dec
.
105% July
Mar
!
Feb
81'
May 21
Apr 23
21% Jan
18% Mar 13
22 y2
Jan
Allied
30
'91
Mar 24
17
85% Sep
14
/
22%
22
22%
52%
*71
73
*28%
29V*'
f
i
,'*93
99
183
182Va
19%
182%
98 ' Jun ' 3
19
*18%
No par
28%
28%
31%
31%
82%
82%;
32%
33%,
,
*82
33%
87
:
'
•
•85%
X7 19
19
29
32%;
;
85%
85%
29%
.29%
*4%
•
*9
;x
Jan.
73
-
Dec
Dec
11%
Dec
80
20% May
65% Dec
31
Jan
17%
Feb
"9
May
May:
"36
Apr
*50.
103% Feb 26
'
■X.
183
19
29%
33%,
J
*80 f'
177
Jun 14
49% Jun
3
Sep
54%
Feb
May
115'A
Jan
28 %
Feb
89% July 19
18% Mar 5
Feb
104% Jan 28
Oct
56
v
Sep
26
%
Feb
43
Aug
19
Feb
18y2
Dec
24
Feb
16
102
Mar
88
101%
118%
It
Jan
25
Feb
5
Jan
Jun
i
*85%
;,
'
*93
:
'
<
X
v
X '
15% Sep
1% Sep
19
Apr 15
4% May 15
65% Mar
3
6% Mar
4
89% Jan
9
14% Jun 24
77% Jan 12
"43% May 17
7% Jan ■ 5
'
115 %
Jan
7% Dec
25'A
Feb
74% Dec
101 »A
Feb
42%
Apr
37;
-
-
Oct
■55
Jun
46
Jun
25
53
x34%
Jan
20% Feb
11
'
•
8%
'
19
'
29%
30
*80
Jan
6% Feb
25
8% May 21
22% July
6
May
13
12
Apr
10% Feb
Oct
14%
May
18% May
102
88
106% Mar
Apr
9% May
118%
Feb
Jun 24
3
19
5
26% Jun
Mar 17
95% Feb
Jan
Jan 13
15% Jun-14
11
13% Jan
Nov
30%
116
Dec
92
16
108
27
9'
Jun
per
Highest
t per
share
80
127:
Dec
8%
79% Feb
5
Feb
6'A Feb
11
24% Mar
:
7
I Feb
17
135% July
8% Jan
Feb
10
34JA July
6% Feb
28
11% Jun
Feb
Sep 17
11
95% May 14
12% Feb
13
86% May 14
16% May 21
186
Oct
164 l/a Apr
6
Feb
9% Aug
16%
15% May
22%
Feb
42%
Oct
38% Feb
70 Vst
48 y2 May
8 :
,
July
Dec
40
Mar
158
Jan
129
-
X 37";
25% May
Feb
23% Jun X
29 V*
Jun
34
May
47%
X
146%
May
116
18%
.20
Oct.
xll6%
Oct
*X
XX- "7%
Dec
x
;
68 '/2
x
41
131% July 15,
116V2 Mar 15
20% May 25
17% Aug 18
158% Jun
10
68% Jan
5
8%
Dec
50%
Oct
110%
103%
Feb
10%
144
71% .July 9
120 X Jun 10 X
-
116% Mar
>7
Feb
6
8% Apr
11
95 X Jan
■;.
Apr
104; Jun
21
6
58
Feb
8% Jun
17
67
11
38%
35
NOV
1013,i
30
Feb
10
Jan
X51
14%
y
9%
x:.:. 3%
30
Apr
Apr
9
38% Jan
107: Jun
3
60% Jun
,-t
27
Aug 11
?t
98
Sep
:
24%
■"•
Dec
16
,
X
Jan
56% July
!
Dec
jun
Dec
111% Mar
NOV
46%
■
"
Feb
Oct
For footnotes
see
8
«
Mar 17
4% Mar
.14
.
2
'27% Aug 25
page 26.
36V8 Jun
X 18 Vs Feb 11
Jan
*6%
39%
46 *A Mar
24
.
Apr
6% May
34% Jun
:
preferred —:—100
American Safety Razor
5
American Seating Co
No par
Amer Ship Building Co
No par
Am Smelt & Refg common__No par
7 % preferred
-100
American Snuff Co coin25
6% non-cum preferred
X—10O
>7%
93>/a
•
'
200
X.-
; •, ^
:F
29'A
4% I
5
XX
1,000
i
-
800 '
'
49 :
'■•; ■:■
39
1,700
106 %
:
*105
<
;
X/X-XX 4%
J-X 827/a
XX' 167 X 167%
;
39
x
82
-
X;VJ' 200
1,800
-fX
168
.
38%
;
,
X>
82%
167
,39%
1,800
X 3.800
4%
<
23%
107
*106%
*23%
'
340
<
39 >A
19%M
37%
102 y«
XX; 19
90
38
*101% 102 Vs
34%
2,900
.
♦17%
15%
68%
*67%
10%
23
38%
48%;
5%
23 Va
23%
90
•12%
13
16%
13%
•:■,
*16%
21%
22
104
*102%
17
X
104
17
22
♦103
13%
21%
,
105%
*6%
6,600
X
'
/'
200
X
A
13%
1,000
"X-X ;>•■
17
200
22%
22%
•
105%
100
6%
*16%
22%
*103
300
1,500
90
13%
17
♦16%
22%
•
;
5>/4
23%
13%
1,500
48%'x-x:
23% >*
*80
90
12,200
;
■
38%
5%
6%
•80
13%
*16%
22%
21%
•102%
13%
*38%
23%
6%
.
2,200
10%
62%
.
*46%
-
loo
2,000
24,000
■
72%
70
60
X'':"X
5%
49
23
•
67/a
90
3
X;,-7%"
•
,
38%
5>/4
*46%
>
23%
*6%
*80
13%
383/a
•'XL
5%
49
vX-
ii
Xx
18 vX;
1%
58% >
500
XXX' 500
15%
15%
69
.
20
400
t
343/4
>17%
3%
:>x 58%
■
.
39
5%.
23%
6,7/a
90
*80
16%
■
*46%
23%
*6%
6%
6%
*80
-
•
17% X <:
15%
69
v
v/'ll:-
11%
59
,
X> *38%
38.%
1
69%
10%
58%
*46%
,
-
69
,
•
59
17%
3%
•
X 6
6
800
.
W; 4,200
100%
34%
700
1
38
'100%
6
i
15%
XX *3 XX
15%
90
500
-
V
17%
90 - •
37%
.
35
6
18
i.
3
11%
*57%
5%
47-
•
:>xl5%
68%
11
'X
30%
38%
■X 5.
3%
68
11%
60
*58%
*17%
15%
3%
'35
X
6%
16%
17%
*88%
;
38%
101%
l-
X
44
16%
88%
38
1,400
Xi
:
Si;
'
t
•
100
24
107
18% X'X
X88%
>101
36%
*6
18
15%
3
3
xl8%
X
X,
*35%
23%
-
*43 Va
16%
XX.
93
*406 V2
•
,
x
44
16%
V
90
38%
i-
101%
6%
-
19
*43%
r
v
101%
35»/4
♦5%
18
15%
34%
6
'
*17%
X" 47
19
91
38%
18%
£ *90
,
23%
£
"X
17
*92 %
f.
107 X
*106%
44%
*16%
95%
23 V*
23%
107
44%
,
*92%
93%
•
2,700
XXX'x *7 ;:> ■' ■ 7Va
4%
10
200
1
106 V
7%
-
t
13%
X38% X 38%
82 7/b
•
21,600
XX. 'v',
'
4%
,
<1,200
1,400
63 '
.
>12%
•
*X
X
25
*60
■
1,700
X-'
50
24%
f
v.
X
50
7 '■
.
39%
93%
45
91
6
American
Steel
f per share
X;:-x-x; ;X"vx;
15%
83
American Tel & Tel Co——
Tobacco
common
6% preferred —
American Viscose Corp
100
25
;-100
common—14
—X—-100
Works Co Inc——
5
American Woolen common—No par
' ,X7%: preferred —X-————100
$4 conv prior preference—No par
Amer Zinc Lead & Smelt com——1
5% preferred
Am Water
Tuesday
Sept. 14
84
X;
■ ■;.;
15
Sept
5,600
105% x
103
: xxx
;X> "Friday
Thursday
Sept ,16:
.
$ pei share
—-
*83%
7
7%
EXCHANGE
CLOSED (
♦123
128
•123
*7%
...
30%
30%
30%
30%
*83
i
7%
*83
84
31
•123
i
8%
128
*7%
•
*
8%
*7%
•
'
-•
4,000
.
;
126
7%
7%
X
;
500
'
.
!
30%
,
124
128
*123
8
*30
30%
30%
X
!
70
7
7
7
'2,400
84
;
for
0. Shares
'
15%
15%
16
15%
84
♦30%
128
XX: *7%
8%
Sales
the Week
I per share -V*
| per share»
i
16
84
*
STOCK
0,.
17
Sept
'
16
15%
*83
6%
6%
.
Wednesday
$ per share
15%
'.X::X \.';
•
-
20
2,200
,
'
32%
♦32
•
32
32
.
32
32
*31%
32
32
10%
10%
10%
10%
90%
90%
V-K-" 90%
90%
80%
:
14%
>•
32
>X
>"•'
400
'
:XrX
X>iXXf
:
X;:X>X-;;
10%
■
80»>2
;
:
90%
13%
x
''
X; X:
■
v-
•166%
>X: 8%
;,X;'; .xx;
.
■
81%
•
•130
;
;
•
80%
*14
•166%
8%
8%
X Sri 25
24 %
40%
*39%
56%
57%
150%
32%
150%
X>
132 >
*130
32%
•130
80%
40%
150%
150%
■;
X
*32%
v>
>
57
25 VB
■■
28 %
X'; 'XXX' X::>' XX:. 23%
-X;
XX;;
16%
23%
;■
-i;
■
,
•37
<•
'0:r, iXlI'XXXX
>
■'
■
.
Xl51%
■
;
-
19
29
X
30
32%
132
152%
152%
63
|
XX;XXXXXX,
133%
68%
X
♦116%
8%.X-
♦117
7%
117%
8
48
48% /-■;'
47%
00X000 X;;>X;XXX>: ^ >>'*99%' 101 Va : v : *99%
*96
105
000.0:-.y'' ? X:>' *95.
7
XX:.: 7
:.X1' ":>;■: 7
XXX'xXX:
59
♦57
[000 ; X i. Xw:',>57
■;'
36%,.;; X .36%
■>"; X; XXX 36
36
36%
XX X
>36%;r>
.
:
.
>18%
-18%
XX *18%
18%
152%
152%
63%
68 %<
v
117%
68% 1
68%
7%
8Va
48% "49%
101 %
>99%
106
i X.. 7%
7%
•58
)
-
7%
136
68% X 68%
X
:,:■>■ 8
>
;
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8
48%
*99%
;
101%
106
58%
-
58%
X"X
4
■
.
X *28
rV
('■» 00r
,29
"XX
28%
*99
36%;
•
28%'
99%
50
50
50%
50%
26%
26%
27
•9'A
10%
•9%
10%
: i-:
36% .36%
35%
27%
99%;
99%
26%
X
X
36 y2 ':
..
*99%
50
"
.
»
36% ,36%
35%
35%,
,
28
28'
100%
36%
.
27%
26%
25%
10%
>9%
10
120
4,300
X
/
8,200
X"_ ' X
/;
2,400
58%
28
100%
•;
40
X' 8,700
X 660
,
36%
35 %
.
;
7
'
800
100
51
800
25% .26
26
*9%
*99%
r
1
51
X26 Va
• ;
35%
X
100%
♦50
58%
X 36
X
28
-
*99 V"
.
50
107
7
1,800
101 Va
*97
7%
470
,
X
49%
'*99%
X
,
7%
5,400
XX
8
7%
•
-
15,200
63,
117
48%
49%
: X *96
X';
59
.
152%
/
116%
H t—1 l>
•116%
100
200
.
'
400
500
18 %>
.134%. 135
*
68 V4
68%
V
1,000
...
'
18%-
62%
v:
X
16%
152%
63 %
135%
101%
*97
105
>
•
152%
62%
*
117%
v
59
152%
135%
•116%
8 %
49
63%
135%
-
121%
124%
63%
-
121%
:
400
2,100
37%
♦121Va
137
*68%
X! 37 %
124%
152%
X
134 %
XXX'24%.
;X;, *16%
;
:
24%
16%
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18%:
%V
X-,
28%
37%
24%
♦16
X
160
-
28%
37%
•23%
16%
38
5,500
.
x>"
■; 153
*130
:
1,200
1,000
56%
32%
132
23%
16%
XX *37%
125
is y.
133%
;
37%:
«
29%
23%
16%:
37%
68 y4
'X
29%
23% X
16%
„
X
*121%
63 V*
63
L00
;X'X
23%
16%
37%
29
125
♦122
>18.
.
>29
28%
■:'
/ •'
;
'
;
•'
'
40%
*151
32%
♦130
;x 29
16,400
0':
•
8%
8%
24%
*39%
25
*39%
18,300
:
13%
169
.55%
*24'/a
56%
X '> ■> I.OOO
-XXX,. 1,600
80'/a
•166%
"X
X
90%
02 13%.
:
32%
132
::
;
25
>150% 151
32%
32%
?
14
-
80%
13%
40%
56%
80%
;
10%
<9%;
90%
•;
*166% 169
8%
8%'
8%
24%
55
122
X
169
*39%
55%
150%
*32%
■
xxx; x >x/x ^:x
4
.
13%
169
8%
24%
150
..
13%
8%
<
80%
79%
40
.
54%
90%
•166%
24 V*
;■;
X,
137/a
:
10%
90%
<
169
40
■>'■•; ■;':'».■•'• >:
'
■;.
10%
10%
90 %
Foundries—-No par
—No par
—No par
American Sugar Rcfg common—10O
'
7% preferred
100
American Sumatra Tobacco—
5
American
Monday
Sept. 13 X
t per share
American Stores Co_
American Stove Co
;$5 prior conv preferred---- —25 x
Anaconda Copper Mining__l_i.—50
Anaconda Wire
Cable——No par
> 5 X Anchor Hock Glass Corp com_Xl2.50
11
$4 preferred —No par,
14
Anderson, Clayton & Co
—21.»
16
Anderson-Prichard Oil Corp_——10
20 X; Andes Copper Mining—„-20
26 - A P W Products Co Inc——5
3
Archer-Daniels-Midland _——No par
May 19
41% May 27
2
45% Jun
Aug 12
'
s
2
112% July 28
76% Mar 16
30%.Feb
22
.56% July 28
>36% Mar 17
42.' Mar;
Dec
9
15
14
Jan
69%
May
Mar
Apr
46% Feb
132
Feb
Jun
XX 30% May
XX
May 21
54% Mar 29
Jan
36%
5
147% Mar 17
120% Aug
5"% May X
62
22
Feb
May
26%
90
9
Apr
24% Jan
Feb
163% July
60
' Dec
Dec
41% May
•
26
82%
:
Apr
135
27
13
.
Jan
35V2 Jun
27
13
Feb
May 27
35% May 18
140 ?
22 Va Mar 12
34% Feb
12
163% Jun 11
12
.15% Aug
Dec
Oct
68
11
Apr
174%
149% Jun
62
Jan
46
Mar 19
Aug
25% Feb
:
28% July
21
139
9
27% July 14
11
Mar 10
31
136% Dec
Dec
Jan 27
12% Jan
Aug 25
14
46% Feb
Dec
172
X
176;
16% Feb
Jun
v32
24
72& Feb ?1
Feb
142
2
8
Feb
81
34
6
.
Feb
Feb
Dec;
^
.37%
34%
Sept. 1 i
Pdf
9
17
120%
117%
■
July
29
124
Dec
11% May
170
35
9
Feb
July
76% Dec
,85 X
,,!
"
'
13%
X 106%
i
168
:
- '
•;■,' 95% x 95%
:.x X 44- •:
44
XXX -J %
7%
X 64
'38%
•
38%
,^23%
*106.
2
23lA
•101
Saturday
Amer Mach & Fdy.Co com—No par
3.90% preferred
—10O
Amer Machine & Metals——No par
American Metal Co Ltd com_No par
6% preferred-—-—
—
10O
American Molasses C0--1———1
American News Co——No par
Amer Power & Light com—No par
$6 preferred
No par
$5 preferred
No par
Amer Rad & St San'y com—No par
10% May 27
16%
,
,'.*12%
83
*92%
108
•90
NEW YORK STOCK
'
'
21% May 24
94% Jun 10
39% Feb
Dec
7
Jan
14%
*61
J.
13
,
45
>
64
167%
;
39%
16%X16%^>16% :.17X;X
No par
$ per share
147
<
Dec
28% May
..
t per. share
32% July
x25% May
*82
167'
45" *' -45
,
EXCHANGE
15% Aug 11
15%
Dec
V
Highest
Sep
101
Dec
7%
>
Lowest
;
share
28%
96%
24%
{.
:
87
!
20O
6,600
STOCKS
Range since Jan. 1
Year 1947
18%''Jun
23%'
107
37%
Range for Previous
Lowest'
95 Va
•94
American Hide & Leather ccpn—L
6%
conv
preferred—
—50,
American Home Products
1
American Ice Co com
No par
6% non-cum preferred
..100
American International Cprp.No par /
American Investment Co of 111—-1
American Locomotive common—X-JX X
IVc preferred X—
,-100
5
Jan
95%
73a
4%
■■»•■■
'
50%
24%'
108%
i.7-:
S
500
3,800
83%
*44-
45 X
s
4%
200
■
33%
29%
-
-
49
X: *50
39%
83%
x39
i
xX-.>
XvX: 7%
.25
X
*85%
5
'
31 V'a
32%
x-;
30%
t
>X'X
•••-
-
7%
7
,•
1
1,600
y. ■
>18%
; •■
50%
39
r
■
800
V'X
181%
; 31%
87
30%
'
V':X
•106
.
xi'
■
'
•18%
$7 2nd preferred A
X'
>'
9
181%
:
•-
45%
12%
X
■
98
'
$6 preferred —i———-Nctpaj?
American Hawaiian SS Co
—10",
26% May 20
10%
9%
•
Jan
90
.
55
Mar 4
37% Jan 20
5
Sep
7
July
5% May
40
17
17
X
4%.
•
xl67
43%
43
American Export Lines Inc——40c
Amer & Foreign Power cqm—No par
$7 preferred —X—u—
No par
14% Mar 16
Feb
83
168 Va"169
American Encaustic Tiling—
1
American European fSecur
No par
6%
17% July
20y2 July
82 %
X
95
*61
38,
4Va
30%
24%
,
106
106
7%
7%;
f
4%
;
82%
3%% conv preferred series A_100>
' American Distilling Co—20
2
.
7%:-
7
4V2
64
13
37%
*105% 106
>
25 y4
J
-
;X
50%
V
100
29 *-' X
1,400
105%X
X'S" 200
•;*104%
X
7%
50%
'
1,900
71
> 28%
X'
33%
>,5"!.XX XXX *4%
49 X-7
v
*44 ;;X:
X.45%
7%
,
*61
*12%
A
38
-10
107% JunX3X
49% May 21
-,
13
Crystal Sugar com—-10
4%% prior preferred—
10O
American Cyanamid Co com
7% May 20
13
July 6
6%
3% May
62
37%
American
3
16
41% May 26
26
Feb
46
25% May
22% Jun
94
5
25
•
•12y4
5% ^preferred
I1--10O
American Chicle Co——No par
Ameribfltf:'Colortype Co
£——10
20% Jun 15,>
10
'94% Feb
Oct
May 21
Aug 23.
May 18,
51
13
Jan
33% Feb
48% July
Dec
27 "
110
4
Feb
Dec
100% Jan 21
24
16% May
88
38% Dec
24
Aug 12
37% Mar 16
166
196%
47%
6% Jun
92% May 14
Dec
110
9 V« July 28
'
6
May
20% May
7%
50
24%
X;
52%
83%
32%
'
94%
f
45
7%
50%
29%
:|
loo
71
29%
X
87
" *4%
-f *44
300
9,000
32
X31%
82.
■:
95
45
■
7%
—
.
'
11
76% Feb
•
43% May 15
111
Jun
3
Sep 13
36
105% July
45%
94%
50%
'
62
166
94
'45
1
100
6% preferred
50
American Bosch Corp class A_.
1
Amer Brake Shoe Co com—No par
4% conv preferred——--—100
Amer Broadcasting Co Inc com—1
Amer Cable & Radio Corp—
1
American Can Co common,.,
25
Th
preferred
—,
-__100
American Car & Fdry com—No par
7% preferred _■—
—100
Amer Chain,-& Cable; Inc—-XNO par
Feb
Mar
common.,
preferred
70
Nov
3"% Feb
Airlines
cum, conv
96%
24%
May 19
9% Mar 17 XX 14"% May 14
>
'3%%
95
X
5
49
*44
49
American Bank Note common—^10
7%
99
American
>
•44
29% July 13
110'A
Dec
Mar 22
Mat22 "
5
9
'58% Feb
7 '
75%
10
68 i
28%
4%
9
18% Mar
x35% Mar 19
May
Jan > 2
,
Sep 14
28%
Alpha Portland Cement——__No par
Amalgamated Leather Co com—1
6r/c convertible preferred-;
__50
Amerada Petroleum Corp—No par
Amer Agricultural ChemicalXNO par
121
May 21
52% Jun
9
20
Feb
50
107% Dec
"5%
50
9
IV* Jan 13
Jan
77%
31% July 15
" 6% May 17
Mar 11
42
Mar
7
50%
Sep
83% Feb
Dec
50"1
34% May
.45.
Apr
107
Mar
4% Sep
Feb
51
.
8
9
-25% Mar
Jan
8%
5% May
3,100
.
3%
fV:
35
24% May
.
:
•
52'A
97/a
V■■■•18%
;
29%'.
*85%
;
72
:
3Va
■"•
i
t>
80
;•
3%
17%
71%
98
181%
x
33%
V
105 V
"
82
83%
34^
'i
4,700
■
3%
;X
t
2,700
22 Vn
17%
104%
•
U.IOO
is y4-.
*101
XX
/
357/a
•
21%
29%
X 104%
X. " *93
32% ; 32%
v
X
is
53
..
183.
*29%
29
31%
c
182
200
46y4.
35%
,
73
29
.
>
98
9% X 9%
XX,
:
527/a
■
106
7.
x;
3%
•71
29 V*
•104%
X
3,000
,
> ;
73
3%
;
1,300
19l/a
18
*72
•}
51»/4
*44%
3%
j
10
2,500
19%
;
105
*17%
73
X; ,*93
9%
*101
52 ya
29
r-
.
96
9%
183%
19
22%
3%
♦71
105. t
105
•'
,
22
2,600
37/a
si •
•
73
.
52 V*
*52%
,,
96
•93
100
1
x
•XX; 3%
3%
3 %v:
■
28%
*104% 105
par
X
15%
•
18
♦72
3%
^
73%
35%
X'..
105
3%
*17
73
3%
<•"
X
3% ,v 3%
17
17
*72
,
*102
102
102
X
0'
52
28V*
par
—
42% May 27
99% Oct
Jun1
51%
45%
15%
;
15 y»
3%
*71
■
par
——.—5
Allied Mills Co Inc———:
3
Jun
32% Sep
Co___X—1.
Kid
72%
3 V*
19%
45%
•r
35%
xl5
17
72%:
V
51
35%
45%
X" 35%
15%
,
X
3%
*45
35%
45
Shares
67%
90
3%
37/a
19%
•
y4.
*82'%
51
19%
22 V*
T
105
•3%
7
67
90
37/a
the Week
J
t per share
67
*82%
15%
45
'
15
17
51
19%
;
>
4%
*50'/a
,
67
'
*35%
45
37%
-X15%
22 % X 22 % X
36%
•102
3%
19%
'
8 per share
67
90
Sept. 17
1
Sales for
^
;
Friday
1
Sept. 16
$ per share
67
*82y2
•
50%
50%
.19%
Allied Stores Corp common—No par
14% preferred
,—100
Allis-Chalmers Mfg common.No par
'3%%v conv preferred-'
100
'37% May 15
,;
•44%.
Allen Industries Inc—X
—
Allied Chemical & Dye——_No par
34% May 20
8
11
Oct
42%
3.0'/a May..
82.50, prior conv preferred-No
Allegheny Ludlum Steel Corpv.No
$4.50 conv preferred——No
Allegheny & West' Ry 6% gtd
11% Jun 14
198
May 17
,3
CLOSED
.—
May 24
96
2
Mar
X 39% Mar
May
'30
91
Mar:
>.
109
July 21
90
8% Sep .17
Nov
202
29% May
,
4
Apr
12% Nov
May-
34
24% Feb 28
104
104
19%
X Aldens Inc common——--—
-5
'
4V*% preferred
;.
100
Allegheny Corp common...—'—1
5%%
preferred A
100
4% May 15
55J/2 July 13
75
May 13
2% Mar 15
Feb
5%
19 %
Reduction Inc__X———No par
Alabama & Vicksburg Ry
100 X
Alaska Juneau Gold Mining-,——10
—4% May 20
Jan
102% Aug
49%
EXCHANGE
STOCK
Sept. 15
4%
3%
Thursday
'
85
V
PRICES
Wednesday
68
85
37/a
50 %
10
:
67%
90
3%
Air
May 18
•
Steel Co
2.50
SALE
.
$ per share
67%
67%
Admiral Corp —_X———v-——1
6%
i-
2% May
164
27
31 y2
Dec
Dec
75
108
Mar 11
101
Feb
112
Nov
3%
21% Aug 30
Co
Motors
t per share
*85
Express Co
1
Adams-Mills Corp—-No par
Addressograph-Multigraph Corp__lo
4iy2July27
Feb
46% Jan
$ per share
' Adams
Jan
10
16%
Acme
1
1
y2
May
100
9
40 %
55
May
v.
6
ACP-Brill
60
6% Jan
•
Sept. 13
No par
HIGH
AND
Tuesday
Sept. 14
Monday
Sept. 11 i:
-No par
com
& Straus
Abraham
10
LOW
Saturday
Par
Abbott Laboratories
2
May 14
Apr-
38
•
100
3y2 Sep
>30% May
4$:
STOCKS
NEW YORK STOCK V
>
v
EXCHANGE
X^XXX/'
S per share
6
Feb
13% May
0[ - X\. 'J \
X
10%
43 %
>.
Feb
80
-
'
.
Dec
5%
<
'0
'
79% Jan
64% Mar 17
Jan
July
110
Jun
..
Highest
$ per share
S per share
I per share
90
Lowest
Highest
Lowest
4
Range since Jan. 1
Year 1941
FOR EVERY USIEO ISSUE
.
4,700
*50
"
;rx.:r *5%
•29%
5%
30
.
"
*5%
29
5%
*5%
5%
29%
28%
28%
-
,
*9%
10%
—
5%
*5%
28%
.
,
5%
5%
100
28%
28%
28%
900
-
16
THE
(1152)
COMMERCIAL
NEW
&
FINANCIAL
YORK
STOCK
Range since Jan. 1
Year 1947
>
NEW
~
LOW
STOCK
YORK
^
.
Satnrday
'
t per share
37%
Feb
25% Feb
11
109%
May
Feb
90
Feb
9% Sep
Oct
Jan
Jun
91%
Dec
.
110
,
Feb
89% Sep
Jan
104% Mar
13%
:
Dec
132%
Feb
100
Dec
134
Feb
94
19
25
Dec
:
34
Sep
26
Jan
5
66
*Mny
99
Jan
84
Feb
x98
Dec
112
Feb
96
Mar
16
120% Sep
3
19% Jun
24
Feb
45
Feb
24
23'A
34%
Feb
25% Jan
6
77
Jan
14% Feb
66
Mar
..
11
Dec
113%
Sep
102
91
Dec
105
Aug
Sep
30
Nov
31%
40
Apr
,
'
47 % Mar
91
Feb''
9
Feb. 11
21% May
28% Ju]y
20
57
Apr
73
July
Dec
121
4 July
111%
27%
22% Mar
5% May
Yl3
Feb
12%
Dec
,15 %
18%.
29%
Jan
Dec:"
36%
13
2
Feb
49
4
9
20
35% Jan
A 16%
a# ify
12% Sep.
9
4>% Feb 26
Feb
7%
Atlas
Jan
-
!
19% Jan
22
'-46
Dec
16
*13%
Dec
24%
Feb
7% May
16%
Feb
11% May
9% May
-
*60
26 lA
•
42%
45%
8%
10
Mar 16
15% Feb
*
Feb
11
83%
37;
Jan
40
30%
Jun
18%
Jan
'
'28
-17%
Dec
16
34% Apr
8
m il
18
16
Aug 11
:.
93% Mar 16
»"■
26
Fete :li
Nov
13
Aug 11
?8%
Jan
23
Sep
Feb
78
39% Feb
v
25%
94
fy
•24% DfjC
19% Apr
30% Feb
,
Dec
14
Feb 17
'Jan
125.
27
18% Jan
38
i
Mar 1$
28% Sep
9% Jun
JUn l4
16
14% Jan
14
*'
"r>
^
,
Year
25
12
36-
28
Jan
Feb
xl3
x20% ■?Feb:
May
.29%
ii
136 V*
Fete 11
15
>:
Feb1
11
25
i
32% Mar 15
Nov
;
21% Feb:
.
10
26 Va
74
Sep. 13
Dec
34 % Sep
35%-Feb
May
38% May
37% May
V
49%
20% Mar! 4
*7
Dec
9%
88
Feb
Feb
13%
V;
Jan
Dec
18%
40 %
23 % May
31%
Feb
63
30%
Nov
Dec
15%
Feb
20% Dec
120
Jan
9
May
69
Dep
126
■
8
Feb
65
7
15V2 Mar
Feb
May
22%
Feb
,•
104%
Feb
V
81'
80
May
Mar
:
84
Jun
12% May
6
>16%
Jan
10
Dec
88
Jan
<
108%
19
,
Feb
104
*32
90
,
19
19
*90%.
'
19%,
19%
92%'
12%:
v
'32%,
33%
35%
35%
33%
36
36
17
16%.. 16%
17
;
14%
18%
*32%
.14%
* 18
•
'
36
15%;
18%
100
18%
92%
33%
*32%
14%
;18%
19%;
90 %
13'/«
*34%
16%
-14%
*
13'A
35%
16%
;
,19%
33%
35%
17%
44%.
15'A
♦18%
19
*93;
99
98%
3*
33%
33%
34%
33%:
34%
34'A
13%;
;
13'A
*16%
15%
-18%
98%
14%
13%
14%
13%.
13%
-14'A
X23%
*98
23%
*98
99
23
23%
98
97
*97
98
*96
98
79%
*773/e
79
*77%
23%
23%
14%
23% ; 23%
.
*95>A
'
*77%
78
28
28%
27%
.28
32%
32%
32%,
98
80%
*28
v,:..•
28
27%.
32%;
32% .,32%
357# ,36%
35%'
36%
35%
*131%. 132%
131%
131%
131%
30%'r30,A
28%
29%
28%.
28%
10
10
10
10
32%.
35%
36%
^"30
^
:_No par
' ■'
:1 r
*
.
34%
*
*78%
,131%
,
131% •••"
30%
9%
9%
28
;, 9%
?%
32%
36%
133
' ■
-
9"
99
Sept. 11
.&
Shoe* Co
Bigelow——
Inc
98% Jan
.
Oct
89
■
i
15
$5
•27%
75
27%
75%
36%
35
36%
22%
22%
22%
41%
41%
41%
59 %
60%
91%
*89%
91%
.2%
*2%
*37
37%
Rullard
Burlington
No par
*19
5
Mills
Bush Terminal
Term
Bros
>"4%%
10
.
68
_1
Corp
28%
*19
1
;
10%
*32%
*94%
68%
1
♦121;
♦68
'
9%
-
i,
69 :
18%
:
122%
9% '.
io:
68%;
68%
*34%
83
96
19%
18%
122%
9%
432%
:
*19%
18%
♦121.
9%
'
19%
18%
X9%
22%
35%
"82%
•80
16%
16%
16%
16%
40
21%
38%
38%
38
38%
21%
21%
21
21%
21%
'
-
16%
■
88%.: 89
16%
88%.
88%
89
88
88
80
88%
♦75
*75
80
*88%
90
'
16%
16%
1
16%*
'16%
16%
*8'
8%
preferred*—100
♦98%
11%
99%
12
104
15
*79%
j
Bldg 7%
common
preferred
30
28%
39%
;
1
common
29%
16%
5
?.
33%
97
i .10%;
32%
35%
*80%.
No par
.
>'94%;>:94%-
19
68:
68 %
.
35%
pfd—100
Inc—
'
22%
,10%
*32%
*120%: 123:
9%.-;. 9%
4% preferred —_—„4—'——100
.3%%, conV 2nd preferred100
3%% preferred i——J—
100
Butler
22%
19%
.
18%'
*120%, 123
100
4
18%
18%
,
;
22%
9%T* 1W*>
*95;
22%
'
'
21%
———No par
Co
50%
x33 %
28%- -29
97
93%"
Co
'
♦47
34%
.
-
*95
32
Watch
8%
30%
34%
*30
2"%
8
8/
50%
•47
93%
'
37%
7%
32
£Z
75
59%
♦37
95
preferred
Bulova
Jan • 9
* July
9
35% Jun 16
27%
75
34'A
-
32
Buff'Niag El Corp. 3:60%.
L.
!
100
: 8%s
11%
80
80
5
*3 %-
: 3%
23%
*22%
Byron
Jackson
&
•_
Zinc—„
Co
—
*104
_No par
1,600
80
.
50
'
105 >4
*29%
400
310
11%-
3%
*22%,
Copper
4,200
8%,
108
Byers Co ( A M) common—_No par
7% i; participating preferred_»__100
Butte
105
23% Feb- 11
27%
38%
2%
*
common—__No par
,
17
4 % May 18
27%
75%
37
,
*93%.
Buffalo Forge Co.^
27% July 14
Mar 17
25%
41%
*31%
Bush
Mar 12
24%
59%
Burroughs Adding Machine—No par
,16
25%
75%
•
25%
*89'A
■\*
Co
300
46
25%
'
•
1
108
27/a Mar 17
.
■
•
;•....
(The)
1,500
15%
15%
*44'
1,600
22
75
38%
15
common—
15%
46 '
200
16%
13%
*13'A
*27 %
27 %v
75
preferred iYY-—^Y^i.No;par
13
.> 78
15'A
Shares
34
16
13%
*44
46!
25 %
*33
16%
for
Sales
the Week
Sept. 17
$ per share
34,
*13 %
15%
*44
>■:
16%:
13%
'*15%;
-
38%
■
*
Budd
18
2
1$
*33
16
,
13%
_L—__r_2.50
commbn^—_ *
Jun- »3
.
16'
25%
27%
'
5
,88:. Jan r 6
17% Jun: ;3
,10% July l
15 % Jun
1
46
24%
33 i
33
'
100
-
100;.
r
13%
Friday
i
$ per share
1/
.15
Bucyrus-Brie 'Co
f 7%
preferred
3
; Sep
16
*44
5
13
Mar 16
$ per share
33%.
♦15%:
STOCK
EXCHANGE
CLOSED "~
Thursday
Sept. 16 j
Sept. 15
13'A
5
26
7% Mar 16
Wednesday
15%
.No par
BTunSwick-Balke-Gollender
21
Jun
Tuesday
Sept. 14
■$ per share
33%
:
F__2.50
—No par
Airways Inc
$3.60
,21% May 15
43% Jun a 1
97'
■:
classf A—No par
Co
Brown
July 12
Mar 31
f
.—.-No par
-_1
Class* B L—i—
Brown
2
4un
$ per share
t per share
-
i
,
Aug 11
24%
Monday
Sept. 13
-Saturday
,
Briggs & Stratton—par..
Bristol-Myers Co c.ommoti:
.^>2.50
33A% preferred
,—,——100,
Brooklyn Union 6as„_—No par-
Jun:15
.
-
.
Browing C'orp of America—
15
Bridgeport Brass Co
•No par
.-Briggs- Manufacturing .-——No par
2
90% Jun
LOW AND HIGH SALE PRICES
.
Apr
79-
Jan
27%
11%: 12
Airplane Go
Aluminum & Brass—'
Braniff
16
t'75;
9% Mar 16
22% Oct
May
•
19.
*34%' 35
80%
80%
19
12% Feb
.
•
Jan
.0
13% May
94% May
-
38%
-11-:-
90
79% Peb
;
24%. Feb
:
,-
,
19%
77
Jan
May
: Feb
.40
16% Mar 16
Dec
71
Ii7/a May;i5
8
80
95 y2
'
..
.
Boston & Maine RR (assented)-lOO
Bower Roller Bearing Co
5
25
124% July
14
-14
5% May 15
Jun
nfew
.
24% May 17
20
29% Feb
100'
24'A
*43
38%
—100
.Borg-Warner Corp common.^
;3%% preferred
May 24
X22% May 27
Mar 30
38 y4
•
i
No par
Bond Stored Inc-r,—,Y
Borden Co (The)—
33% Aug «5
i
14
Feb
23%' Feb
May
,
27 *
J76 '
'43V# ,43%;.
Com_.Nopar
v*. f'"-
14%* J
"46;
.Co—^No par
Bohn
23% Sep- 17
12% July 26
-
x32% Feb' 13
: 78% Aug-11
102 %.' Apr,
14% May
(Del)
•-{ <'%
Co
W)
Bon -Ami
66% July 13
37%. Jun
13
122% Sep,
Nov
Dec
26
Dec
37%
25% May
80
-
;
14%
14%:
*23%
common
y-*
34% May 18'
26
16% Feb
14% .Feb
-
Steel
NEW YORK STOCK
Boeing
101%'Apr 27
17% Feb'14
.
Nov
:/. 86'A
-100
24%,:, 24%.
com—-—10
&- Laughlln Ihc
Bloomingdale Brothers—
'
14
Feb
90% Feb
27
Apr
27%- Feb
20%
•
Loan
Bliss
11% May 15
18% Ma? 16
106'A
10,500
27
5
—
8
19
.36%.Jun-
5
y36%SJan
13% May
i
16
93% Feb
97/a Sep
Dec
.:300
42%.
76
11%
Bliss (E
f'10% May 18
25% Mar 16
"28% Sep
Apr
Jan
42
Apr 28
28%
Jun
95
i
9
Sep 14
X27% Mar 17
Jan
-
44% July
96:
8
109%
Dec
25%
;
2
1% Aug 26
50 ;
.
Feb
90
'
7% Jan
..
Feb
May
30
11
Jan
33%.Mar 18
Feb
96;
:
200
Y
'
91
Black & Decker Mfg
Blaw-Knox Co
July* 15
27% May 15
44% Jun
9
Feb. 24
42% Feb
;
Sep
6 Va
Dec
81
•
39%
May
38
Oct
102
3% May
32
Jan
55
Dec ;■
600.V:.
.1)400-
14%
-
.
'fab
19% May 18
14% Sep : 2
17% May 15
/51
16
'
88%
'
-' i.^1.
■-.-•""V,
6%e
-
■
.620
5%,
.*40%
^
700
190
24 1
6%
'43''
i
EXCHANGE
29% Apr 16
37% May 18
96-, Jan 12
Aug 26
Dec
89
"45%
Indus
Highest^
t'per share
28% May
14% May
•
*41;
-Y.
*I3%,Y-14,%.
:
50
$ per share
13% Sep' 14
14
^,
.
pfd $3.25 ser of 1946-No par
r
'
Lowest
*
$ per share
May ••
% May;
14.%
;:•«%.• 63A
;
•
,;*14"V T4%V:;
9%'
9%
v
9%
-
2,600
51%.;'
101<
*21%
Y 5%
8
14%
•
■
,r
»• v
260
21%
try,
,
,
V-9,100
"..."V
•.95 %
-
♦100
.
-i—100
Stocks
Highest
-
21%<
51
•
'
1947;Y
Lowest
;
Appllances_i_„33 %c
y\
:
,6%
10%
—
7-%- preferred.
Bigelow-Sanfpjrd Carpet-,
Birmingham Electric Co_
.37% May 15
Range for Previous
$ per share
y:
t
——
Bethlehem
139% July 14
16
13%
95
24.
.8%
;*13%
*41%.
19%
Best•& <3o1
Best Foods 1
i
Y-—
—1
25
*21%
:-:YY:a;;
73
109%;
••-
;
1,000 YY
: .2,000
38% > 39%
51 %
6
6%.
91*
30% May.24
37% May 27
23% Feb
Oct
Cum
v
*68%
109
-
-900
•
56
-
Cum pfd $4 div ser of 1948-No par
.
•
41%
,
Y"
;
'
101;
♦14
414a,*
6%.'
42%
24
*6
> 14%
9"%
13
100
87% Mai 10
Jan
150
Beneficial
9
12%.
—1 •
102 % July 23
32%
»
26% July
*21%
•
51%.
•
40%
96
*100
1,600
'
21%
21%
51%
101
101
6%
*95%
Y(
8,500
'
39%
109
300
'
17%
39 1
■73
38%
'109
21%
51 '/2
14%:
29%
119%
'*54%
—_100
Aug 18
35%
Dec
14
:
*66
5
■
95%-
x
21%,
55'
-38TA
"
20
.
.
102
17%
25
Jun' 18
.
„
'.*0% -10Y
12%;
6%>
6%.
,;
24
•14
73
39%
101>
*6,
'
10%
•41'A
1—2.50
RR_:
Home
g
14%-
*12% '
.
101
*21%
38
109%
:-:51%-51%
24
55..-
36
■17%:;: 17%
,-,.No par
common-—
Corp!—'
4%%* preferred
Bendix Aviation
Bendix
95% "
,100 %:
*29%
102
387«
217/s
100%
'•117%
102%
•
3,200
108%
119%
-108%
> 95 %
«
16%
108
100%
102%
'66
40
-
21%
51%
;
•
i
68
39
108 «A- 109
16%
16
102%
*29%, -30 'Y
54%
95%
g '
•
*66
Y
300-
115%
*35%
22
14%
,
Packing; Co
-10
Belding-Heminway i—i——1
Y Bell Aircraft CorpYIYY-_—_—____-l
Bell & Howfell Co common—'
10
24% Jan" 2
io3 % jun is
: 38% Jun
9
i 21% Jan
2
:
Co
pfd——L,
Greek
>
0
■
16%
102%
17%
,
300
117
54%
50
20
15
16%
107
17%
800.
15
115%
17%
95%
•
Vt
\ 10
Corp-^---__—l
Beech-Nut
20% May 21
19% Mar 22
-
;
.Y
f
'
15%
107
■
1,700
*110% 111 :
102'A
,
M''- 54 V2/ 55
Y *35%-' 37
'
*20%
-
17%
,
39%
100;
5
(AS) 4% %, pfd_
Beech Aircraft
Beech
21
51
^
.115%
102% 102%
94
16%
*100 :>
29 %
x29%.
29%
,
106%
102%
:
51
.,
50
Mills,,
; Beck- Shoe
37% July 23
-
14% Sep:" 9
:
103%
May
Sep
.77% De.c
13%
i 15% Apr
14'/a Feb
■»
108% Aug
21% May
133%
2
Foods
Beaunlt
<
*15%
15%
15%
106%
.
•100
.114-
108%
95%
f
100
•—j.
inc.-
,
3%%>- cohv
8
100:'
32% Feb »5
Jan
24%
Jan'
90
1
;
68
-
107- -*
:.:"; "-29%
36%
108
,
—1
Co.i—
Cigars
Beatrice
22% May '8
Jan ! 9
JUljr
3o
«
Oct
18%
16% May
43% May'15
8% Jan-
Feb
12% May
10% May
Feb? 13
16'% Mar 10
Jan
>.
Oil
Baiyuk
2
15%..
17%
:%
15%
common—;—__10
preferred-
Bath-Iron .Works
*88
39% Mar
12
Brothers
t
-4%%
Barnsdall
7
16% Mar 31
4
80% Sep* 17
Feb
5% May
29
Dec
Barker
14
Jun-15
44% May
23% Jan
3£
t
20% Aug
108 %
45;
: *16%
30,200
5,800
90
*93%
111
*15
:
9%
90
94
♦110%
.
15%-'
?Y290 >Y:
50%
(Delaware)——50
-i9;% Feb; 24
Jan
110%
Dec
Dec
28% Jun
.
Mur 24
Feb: 11
Corp
18% May
Nov
62
Dec
17%
-96%
20% Apr : 9
:,Y 19% .Feb
Dec
—i
Barber
31:
.
111
15%
,50%
*93%
.
ri
Shares
28%
98%-
9%
90%
50%
Y
28%
preferred—.,—100
non-cum
Oil
!
38%
♦
♦
WorksY^y,.—.13
Ohio :commonY>
&
59
May 14
*110%
•
16% Y
*106
17%,
*66
v
>
Bangor;
Aroostook common—.50
Gonv-&'*/' preferred—_—t
100
/
Dec
34%
Baltimore
?4fZo
!A 94fe"
94, ■
15'A
90%
v
■'■
97%
,
-Y
9%
9%
1
92
51
for
the Week
R: ;■■:'
31% Jun 22
54 %. 'Jan
Dec
'.
•
80% May 12
,
10
»90,'2
*100^102%
54%
*35
5c-
13 % Feb 10
Dec
39%
3
16% July 13
i 29% July 14
Fbte 11
1
"
5
—
30
17
-
B__^—100
60,
'Feb
*
common-L_^_-No par
Babbitt' (R T) Ine
Baldwin Locomotive
3
17% Jun
,x42% Mar 15
18 ;, Jun
'35%
yi 16% Jun-
12'A Feb 27
May
•18
95
11
55% Jan
28%; July
Dec
,20% Apr
;
13% Feb
,
Feb
16 %
4 69
Jan
i
May
97
Sales
-
:<££
t per share
26%
51
110%
15%
•
102%
54
-
.
Qanteen CokoI Amgr___5
Mfg Corp (The)-common„_3
-$2:25^ conv prefferredv.i
No par
2
Y
'
115
102 %
No par
series,A__100
series
'*
'102%.
*29%.
Avco-
':
rl3
RR,
107
Y
113%
*
Nichols commonc^--Nopar.
prior pfd <$l,20)__T'_No par
Conv
15%
28%
95%.
9%
-'Y V
*
94
Y.:' *15%
tper share
29%
96%
10
'
Friday
Sept. 17
196% ;
•■yj
92
'
110%
:
i per share
,
28%
15'A
♦
.
51
91
50
93%
16%
15%"'
■
•106
Autonratlo
8
Jun
$3.75
Autocar* Co;; ^
'7% May 17
16V2
*100
——10
——
Powder
Austfn
y'y
■
16
,
4% conv/ preferred._____„100,
Atlas T«ck Corp_i___.____,.Nopar
May 21
Jan- lo
111
>
Thursday
Sept. 16
Sept. 15
29
9%
: YYYv-
93%
*15%
—100
Atlas Corp '
16
9y8 May 2l
Jan. 26
9% Sep: 17
27 3A Jan
Dec
4% May
2l
64'A Apr
114
♦93%
10
preferred
preferred
Preferred
124 % Jan
25
Y
90
50%
•110%
preferred ,u_
10o
Refining .common,..*—-J2\
25% May
t
10
90
50 Va
non-cum
conv
8
5% Mar 12
Feb
Dec
17%
20% Feb
Jan
5'M
4%
Jun
■
48% Aug 27
99% Sep". 9
V:
CLOSED
I SS Lines oonfmon—1^
W
Atlantic
28%
05%. 95%
EXCHANGE
& Santa Fe com__100
Coast Line
G &
Atl
28%
95 %
Y-'Y- 9%
8TOCK
j
100
100
Co^
Investment
ATP Inc..
5
99
t
28%
commonI
Goods
non-cura
Atlantic
.50'/a. July 12
114
May 22
9
Dry
Topeka
.■5%
1
78% Mar
10
Feb, 21
Peb
Atch
July 14 j
if 62 '
com____5
preierred,
preferred___-^__j.
Associates
2
18 3/
62
2nd
-107% Jun
59
105
1st
1%
3
Illinois
of
share'y.
per
•j
PRICES
Wednesday
.
6%
9
11
10% May
35
Co
Associated
May 10
11
40 % May
&
SALE
■";■■ >.
x95 %
.
[ ^ Yv
100
$6 conv prior preferred
No par;,
Armstrong Cork Co com___»No par
$3.75 preferred
par
$4 preferred conv
No par
Arnold Constable- Corp.—-—.
5
Artloom Carpet Co Inc
—No par
July
106
Jun
Feb
Jun
9
May 27-
V 1117
Mar 12
Feb
preierred
HIGH
Tuesday
iVYY; Sep1-14 Y>;:Y
yper share
,
w
2
17% Aug
12% Mar 16
99
99
14
18% Jun
12% Mar 12
Feb
20%
Dec
99% Jun
,,
# per share
com__—-■_«—10
Corp
cony-
Armour
9
11
>'• 115y2 July 12
5
14
Feb
17%
10% May
2
Feb
V:
'4% %
May 19
Jan
Steel
Armco
25
56% Jun
20
Jan
19
Sep
106
Par
,
AND
*
:
Sept. 13
Sept. 11
.
,
32% May 21
;: 15 %
10
88
EXCHANGE
share
101 % Jun
:
9
41% Feb
•
Jan
55
14
Z";
16
15%
130%
Dec
38%
$ per
i
17
9% May
103
Highest
$ per share
$ per share
24% May
99
Monday
"
Lowest
Highest
Monday, September 20, 1948
RECORD
STOCKS
Range for Previous
Lowest
CHRONICLE
*104
30%
300
3%
700
23
104%
40
29%
-
29%
400
yyyyyy
24%
34%
Apr
Dec
51%
Dec
x55
Jan
1%
Dec
:
27% Mar 17
;
Feb
m
% 40%
52
v
r Jan
5
1% Mar 12
-
.
6'A May
21% May
12% May
110
Dec
.3%
8%
-
Feb
34%
•
Oct
V
6
;
Sep-10
24% Feb
11'
10% Sep
17
"
-
17% Feb
132
Feb
-
106
'
July 19
•
Jun
54% Sep
13
California
15
3
May 17
8% May 21
.31'A May :7
15% May 21
J19
Jun
2
Packing common—No
Calumet
YY
.i '
Hecla Cons
$4.25
conv
preferred-Y—No
38% Feb
18
Dec
25%
Feb
i4% Mar. 16
Xl9 % May 26
Canadian
Breweries
'9% May
33% Nov
15%
Feb
10
.19% May:14
47% May 19
Canadian
Pacific
47%
Dec
11
Apr
14%
Feb
50
May
57%
Feb
38
Mar
11
Feb
*
For footnotes
see
1
13
48% Apr 21
t
May 14
is
: May 15
56
Aug 26
2
Copper—5
&
Feb
44'
53
2
W & C Fdy—Y——"No par
Dry. Ginger Ale com
il.66%
48%
4
54
>>
Campbell
Can
Dec
11
54.-.:
yyyri.2^.
Canada
Southern
$3
preferred
f
A
:
-
>;
c
YY
common—1
—w—_110
it
6%
•
*26
*108%
:.L
'
25
„No par
A
■
;
Ltd__:__No par
.
42%
108%
*41%
'
.
41%
18:
18
14%
•15 "'A41 %. /
15
:>
Y-SlYY
53%
>Y
A
4i%
14%
*52%
\
37%
38
•53%
55
250
2
3,100
..
.
;
2
6%
ey.
.*26%'
10%
110
*108%
38
55
.2%
6
•
10%.
x'
18
42%
•v
6
2
27%
10%
>
-
*53%
yy
*26%;
:il#YY
108%
■■2
■
6
26%
38
KSl/-
Ot'/x
2
;
evk-r
r
38
53%
15%
:
.*4i %
52%
'
110
.14%
15
11
*37%.
53
y2y':m
6
26%
11%
*41.%
*17%
,',■;
26 JA
riVXU'A
1
Ry' Co—_J___ 100
class
.6;
f-
par
Ry__—i_"
Cannon. Mills
Capital Admin
Y 38
38
50
.
38
Mar.
37%
2—i...—-1
r 5%t preferred
Qalahan Zinc-Lead
37%
par
*108%
27%
42%
17%.
18
17%>
17%'
14%
14%
14%.
14%
41-%-
:
42
j
-
42::
41%
41 Va
14%
♦14%
15%
*14%
15 %
53 %'Y
*52%
53%
*52%
53 %
'*41%
.
14%
*41
41%
>
.
*
J
;Y
380
42%
17%
;
,
18,500
41%
53%
110
; 700
-
14%
14'% -15%
*52%
5,000
110
17%
•Y
100
10%
108J/2
800
3,200
27
10%
110
41%-
6%
*26%
•
ao%
>
300
7
-
V
200
110
page 26.
.■yy-y-f
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t
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1
4 .•«.*»» lut « r
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i. :>:*
Volume
COMMERCIAL
THE
Number 4735
168
NEW
;
Range since Jan. 1
\
->
Year 1947
:
Highest
/Lowest
„
NEW
$ per share
5%
YORK
151/2
,27
Dec
s
;I. Dec
s
100% Feb
18'
Jan
27% Jan
2'
321/4 Mar
4
50V2
'
Feb
2iy2 Oct
12 % May
;
/
1
132
.6% Mar
Carolina
Power
&
Carrier
1
.I.—
9
9
57
Jail
130
64
Feb
53
Feb
26
Dec
22
Feb
13-
1
108%
Jan
97
Feb
10
Apr
123
Feb
11*
Feb
19"b May
32%
Feb
22% Feb
19%
Dec
21%
Feb
18% May
xl7%
Carriers
16 Vb
CLOSED
68% May 15
39% Jun
,/ 105
-
140
*
f
..
|
9
8
40
40
—100
♦144%
147
144
"33%
34
July 2
May 27*
♦101%
102
7%
2nd
34% Jun
25'
3
20% Jan
5
5%
preferred
preferred—
29%
*34
35
34%
34%
*33%
34
38
16% Jun
21
18% Feb
7
Central
Aguirre Sugar Co
Jan
6% Feb
28
11% Sep
1
Central
Foundry Co
♦144'%
147
30
IO1/2
Jan
7% Sep
Dec
Dec
Dec
Feb
116
96%
Apr
17
12% Jun
26% Sep
10
38% July
7% Jun
18
102
Jan
54
54%
27%
18%
'
108
28%
77% Sep
83 :•<
17
12%
Jan
7% Jan
6
Dec
16%
Oct
10% Jun
23
9'/4
Dec
14%
Feb
22 Vb
Nov
35 V4 Mar
•
4.% May
Jan
13% Feb
*;
7%
Central
111
Light 4%%- pfd_____ 100
*102%
103 y2
Central NY Pr Corp 3.40% pfd__100
tCentral RR of New Jersey—/.^1100
*77%
May 27
17
Jun
Central
May 21
29
1
20
Violeta
vtc
101%
100%
100%
126%
127%
128%
129
28
28%
28%
27%
28%
*18%
18%
18%
18%
300
19 y8
16%
17
10%
10%
10%
Cerro
de
Pasco
May 24
100% Jan
6
Champion Paper & Fib com__No
$4.50 preferred
:
^_No
15% Jun
8
Checker Cab Mfg
a
30
May
9
Jan
—
29
3 % %
Class
Series
37%
•
$3
-11"
1
11%
Conv
xi* */2
11
Is &
2
5 V2 %
Chile
35
34%
19%
20
20
44%
45
44%
preferred
100
23%
3,200
15%
15%
7,000
28
32
32%
31%
'
29%
37%
37%
82%
81
7%
7%
7
J3%
11%
10%
10%"
11%
*10%
16%
/
8%
10%'
/
20%
/
44%
31%
58
*54%
•37
40
58%
27%
28%
28%
95'/a
96
22
22
22%
22%
41%-
41%
41%
42%
29 y2
4,400
1,900
2,100
1,700
20%
19%
19%
45%
45%
46
46%
31%.
30%
31
58
*55
58
100
.
39%
40%
39%
40%
7,600
67%
67%
67%
67%
6 7'/4
2,100
11%
*10%
11% '•
*10%
11%
16%
*16%
17
29%
49
300
310
49
♦36
49>/a
../"«* 5,700
3%:
3%
40
*36
.
10%
3% ;
28%
95%
3,400
9,400
34%
20'%
17%-:
59%
*95%
8%
10%
34%
40%,
49%
59"
8%
9%
>
34%
3
51
38
2,900
34%
•i6%"
58 Mr
1,900
14%
67%
-
*49 %
19%
13%
45
/■.; *il
51
200
19 *•'
39%
.
3Vs
1,500
lO'/a
20%
*55
1
/
1,700
7,800
10 y4 -
*30%
7
11%
-i
8% :
8%
1,100
81%
♦10
14%
10
7,300
37%
"
13%
19%
35
*16%. -17
3 V*
.2.50
• :
10
300
11%
10%
-7 19
13%
.
50
700
29
f
11%
*ioy4
;.
I,400
•
,
13%
13%.
11%
14
8%
1
28%
13%
,
,18%
;'18%
13%
.
*7
r
67
11%
'
37%
82%
34%
38
100
11
*28%
55
40
66%
3%;
•49%-
98
*10
10%
31%
38"%-
16%
—25
Chrysler Corp
;
■
55
3
97
11%
.
,L20V»
*10%
Z
22%
98
11%
82%
'
68
66%
23%
37%
.
*
23%
23%
*96 /
98
37%
32
•54-/ 55%
38%
40%
28
*27
28
♦27
23%
,
10%
29 y4
u
45
par
_100
Copper Co—'—
10 %
23%
35%
34%
preference—No par
A
'*9%
15%
13%
Ms
100
series
10%
24%
15%
7%
10%:
10
1,700
*9%
.
13%
7% /
:
/
13%
24%
13%
113%
7%
10>/»
7%
Pac RR Co—No. par
preferred
v
18%
13%
10%
*28>A:
t
11%' 11%'
/• •' 14t •'''
18%
18%
13%
10
Chicago Yellow Cab——,—No par
Chiekasha Cotton Oil___——
10"
Chllds Co common
—1-
way
19% May 27
4% Apr
18%
13%
13%
15%
83
*10
10%
10%
/
;
37%
13 V*
13 Ye
2,600
10%
l. 7 % /; 7%
7'/a
13
Paul Ss P vtc__No par
convertible
>
100
291/4
25
*27
'
28%
/ 37%
-e*82%
83
77%
28%
82%
11
28% '
28%37%/
■
♦82 Ve
7
10%
11
-77%
*9%
;
28%
*27
110
103
103
24%
15%
28
•
2,800
28%
13%
v
10 %'■
24%
15%
*28y4■
.
A
3hife Rock
700
7%
79%
*77%
13
*96
.'_
300
7%
28
7%
15%
*9%
24%
*10%
7
29 «/4 ;
*23
,—40
preferred
7%
28
102 y4
13
1
■
5%
1,300
7%
102
28
23
Chicago Pneumat Tool com—No
1,100
10'/a
8%
28 Va'
96%
preferred vtc—__„100
Chicago & Northwest com___No par
July.15^
49% July 13
79 y2
22%
(The)
Milw St
*77y2
-,
95%
class- B'-.——u/zi_/z_No par
•
102 Vi
v
16
*27
Chicago Great West RR Co com__50
5% preferred
_50
Chic Ind & Louis Ry-'Co class A—25
Chic
79'/a
*77%
102 y4
■>
par
preferred—_100
A—
Corp'
Chifcago
16%
10
28 %
7%
7%
par
Chic & East 111 RR Co com—No par
July 13
16%
10%
28
7%
r
10 y4
-
15%-
—,I.25C
convertible
102'/?
24%
10%
—'—No par
102%
13 Va
24%
/
Chesapeake Corp of Virginia
5
Chesapeake & Ohio Ry common—25
8
45% Jan
Co
160
2,900
,
17 %
,
*7%
28
♦27%
'
7%
27
13
1_1
Products——
Chain
11
8>/2
*7%
8%
7%
••
79%
27
5
14
Belt
'''/
—No par
Copper Corp___
'
•
'
Sugar Co„_—9.50
Century Ribbon Mills
Certain-teed
200
•iooy4
127
28
27%
27%
B
Jan
v; 33
26% Jun
18
*7%
8%
8
No par
7%
11
28
Feb
10%
*26%
series
34'/a
28
17
Z._100
28% Apr
10
14 1L
2IV4
lls/8 May
16%
10%
Hudson G & E Corp„No par
15
19
Ry Co vtc_:
30
2,400
11,300
54%
53%
33%
;
34%
16%
17 y»
10'/8
5%
8
39% Jun
3% Mar 19
22% Feb
Ga
147
54%
'
34%
*18%
17
3
Jun
1
of
3,300
40
X127
/
19%
*18
54
'
129
28
54 V4-
-
343/4
*100% 101%
.
101%
129
Central
preferred
100
500
8'/a
8%
145 '/4
♦
147
♦144
100
2,600
38'
39'/4
40
40
x34y8
■
-
101%
•
130
6
8% Mar
,
2
Central
;
8%
*8
40
150
700
16%
*36%
38
*36%
16
•
16 %
18
-
8'/4,..
39%
144
IO'/b
1
105
1
18%
No par
16%
*8
/
"
Feb
141/a
2,600
30
4%
4%
105
'
/
33% j 35
27%
„_20
29%
16%
v:*36y2
40%
.54%
55
"129
'.
—ill00
Corp common. —/_No par
Celotex
28
54%;
29%
g
g
*7%
__t
29%
V
36%
-36%
38
Shares
4"%
103%
4%
104%
^
16%.
16%
16%
*'36%
4%
105%
4%
29%
35
39%
Corp
22 Va
ll7/8
EXCHANGE
/
the Week
$ per share
$ per share
share
for
Sales
Sept. 17
.
104%
-
29%
*34
35
1
Co
7 To
preferred—.
Caterpillar Tractor__>
147% July 15"
v
General
&
(J I>
Dec
771/2
*34
$ per
Friday
.
Sept. 16
Sept. 15
•J
5
105%
29%
;
common—25
Case
2
7% May
7%
29 V4
__
No par
Celanese Corp of Amer com__No par
$4.75 1st preferred—-No par
May 20
52% Jun
156>
Dec
Dec
1001/4
43i
*104%
STOCK
5
series—/—50
4%
4%
105%
29%
Corp oommon___-_^_tpt.^lO
Conv preferred
4%
♦104%
par
,u
/
$ per share
$ per share
share,
»
1100
Light_____No"
Carpenter. Steel Co
19% May 21
43% Jan
8
1
35% Mar
28%
*
171/4 May
130
Feb
158%
Dec
49% May
-x97
„
35»/4 Mar 30
Dec
7%
47*'
29% May
/
1
July 28
41% Jan 12
$ per
Par
1
Clinch & Ohio Ry
'
Jan
6
*
•.«
;
Airlines Inc
Carolina
32
,3 14 <;•' Mar 16- :/V
Oct
45
35% May
Capital
Thursday
Wednesday
Tuesday
Sept. 14
Sept. 13
PRICES
SALE
HIGH
AND
LOW
Monday
Sept. 11
2
,1101/4 300
17%
(1153)
CHRONICLE
RECORD
Saturday
STOCK
■
8% Mar 22
Jan
39'A
38
4% Aug 31"
Jan
128
Nov
$ per share
$ per share
$ per share
t
Dec
102
STOCK
EXCHANGE
Highest):;,
'
r
YORK
FINANCIAL
STOCKS
Rang« for Previous
Lowest
&
40
10
/
58%
58%
58%
29%
28%
29 V*
28%
29
95
94%
94%
94%
94%
300
22'/4
22%
22'/a
22'/a
22'/a
22%
1,700
42
42%
42
42'/a
42%
42%
4,700
29 %
29 Va
29'/a
29»/2
58%
59%'
28%
58%
II,200
1
Cincinnati Gas & Efec com—8.50
4%;
preferred—i/wZZ—.——Z/100
Machine Co.l_10
Cincinnati Milling
17
I T Financial Corp^
No par
July
8
C
Jun
3
Jan
10
2
City Ice & Fuel
___■__No par
City Investing Co common-—__5
84% Apr
-
5%%
20
May 24»
38% Aug 3
176
July 12,
Jun
5%
7
34'/a Apr
,9
% Jun
non-eum
17%
18
35%
Cleve
/
100
gtd__—50
106%
preferred
Pitts
&
RR Co 7%
5
July 13
7%
preferred—
4%.
.
92% May 20.
cum
*39%
*106%
70%
87%
39%
38 Vz-
2,500
39 Va
107 %
290
26%
900
108
10
72
*106%
♦70%
71%
600
87%
26%
107%
.,'1,00
19
35%
190
1.07
27
250
42%
*40
42
♦40
41%
\ 18%
*34%
*165
*85%
'
30
4,300
8
15%
15%
15%
15%
15%
15%
15%
27%
27%
8
/
27%
27%
27%:
27%
27%
32%
33%
15
8
;
8
V
32%
83%
84%
*139%
145
*142
144
*83
8
32%
32%
*142
2nd preferred—100
%t
X27%
15%
27%
*32%
*
100
—
26%
70
70
70%
41%
'
107
107
27
*106'/? 107%
107%
*40
38%
39%
107%
26%
*70
*85%
87%
800
1,700
9
88%
*84
35%
190
*165
9,500
1
duett Peabody & Co com—-No par
36% May 17
147
107
41%
'■/.;: 27%/
_____1
Corp.—
Clopay
,
39%
39
27
70%
Xl5%
No par
Inc—.—1—_—1
Industries
♦85%
107
*105%
106%
40%
Climax Molybdenum.
Clinton
38%107
*34%
190
*165
88%
*26%
27
•70
stock—_____i._50
18% Mar 22
10% Jan
190
38%-
35% Jan
5
18%
107%-
*26%
8%
'.88 Vx,
18% *18%
*84
35
*85%'
38%
com_.No'
——
Special gtd 4%
47% May 19
„
107%
5 7c.
25
18/
34%
88 'A
*85%
preferred——-100
Illuminating
preferred
*8i' '
18%
35
'V 8%.
8%
8%
88 Vz
*160
-
190
*160
29%
8%
•
35
35%
com__ll00
Ry. Co
*29%
87%
w
/
*94%
8'/2
*84 v:
89
*84
;
;'
—.20
par
$4.50
Cleve
'*8%
8'%
•
No par
Graph Bronze Co com
1
Cleve Elec
% May 20
10
*8%
•
14
Jun
29%
29%
'
„100
.\
C C C & St Louis
4
Jun
preferred
City Stores
Clark Equijfhienl Co
21
Mar 18
•
X82%
83%
8
32%
145
/
*139%
1,100
32%
♦139%
143
900
1,300
8
'32%
32%
82
82
82%
7%
8
8
143
82 Va
82
500
■
;■;
;
STOCKS
/Range for PreviousYear 1947;
1
Lowest
.
S per share
"■
1*1% May
x61% Jun
Highest
t per share
19IV4. Nov
65% Jan
Sep
61
183
9
1332
July. 1
July.
45% Jan
32% Aug 16
x87 % Sep
Sept. 11
96
10
Apr
'•/ -'I-.
Coca-Cola Co
2
Class
63% Jun / 8
July 13
1332
Jan'
LOW AND
A
/■':./
■
150
149 '
Corp—-No par
1
Coca-Cola/. Ipternat
2
Colgate-Palmolive-Peet com..No par
$3.50 preferred
"
No par
20
Collins &
No par
Aikman
*1125
v'
36%
36
STOCK
rr
36%
88
21 Vb
21%
*86%:
*21;
22»/4
22%
22%
*
21%.
Feb
11
Colo Fuel & Iron
Corp com—No par
18%
18%
19
11
20% July 14
19
12/% Feb
Feb
11
19%
19%
11
preferred——20
Colorado & Southern Ry com—100
4% non-cum 1st preferred—_100
4% non-cum 2nd preferred—100
Columbia Broad Sys Inc cl A—2.50
19%
Feb
20"% July 14
18% Jun 25
19%
16
16
-
11
Colonial
5%
.*
18% July 15
13
17% July 14
32% May 15
Mills Inc.———5
cum
conv
May 12
Columbia
% Jun 15.
% Apr
16
Columbian
43% Jun
4
May 21
5.
r
July
29% May 26
3% Jun
,
24
Congoleum-Nairn Inc
32
May 21
Consolidated
6% May 21
July 20.
$5
11
Consolidated Laundries
2
% Sep
9
Va Feb
27
-
Vz July 26
16% Mar 20
35% Jun
17
106% May 25
100% Sep
17
Aug 12
42% Jan
5
Feb
10
99% May 25
0% Mar 17
17% July 13
Sep
17*
106 %
Apr
84% Mar 23
92 % Sep
44%
Feb
30% Feb
5
40
3»
99
Dec
Dec
9
May
13%
Feb
10
44
May
55%
Dec
48% Mar 17
63% Jun
„
12%
Mar
Feb
10
•
July 13
13% May 21
•
1,
Insurance—Z———10
Continental Motors——
—1
12%
Feb
Feb
27
10% Jun
24
55%
Dec
46% Feb
11
69% Jun
18
Continental
Oil
Apr
27%
Oct
14
Mar 16
19% Apr
16
Continental
Steel Corp.———14
14
Cooper-Bessemer
14% May
43
Feb
19
55
May
For footnotes
Dec
see
fi
19% Mar
x49% Mar 17
page 26.
9
33
55
Jun
July 12
14%
*13%
14%
23 Vb
23%
23%
23'/4
:•■,/
32%
9
♦64
67
100
31%
32
1,000
42%
42%
900
45%
4,300
.3'/a
9%
9%
42%
92
92%
92 %V
22%
22
22 y4.
3%.
/
..
26%
26 '/a
*9%
10
35
34%
34%
29
,'
29%
29
4%. '■
23%,
■
98%
26%
*9%
10
/•'
4%
29
*23%
10,900
700
1,600
'
100
4%
23 %(
3,600
23%
4%
23%
'
34%
34%
4%
23%
2,000
,
14,600
23%
23%
106%
106%
106%,;;
106%
106 %
106%
106%
900
15%
15%
■'15 %/Z
♦15%
15%
15%
15%
2,100
15
*9%
10
44%
26%
45%
26%
^
26 Vb '
/
-
/98%
/
26%
10
4%
14%
*9% .110
44%/
44%
26
72,300
23%
106.%,;
Xl4%
-V.
2,700
3%
25%
98%
98%
*28%
.
92%
22%
3%
34%
4%.
4%
98%
560
92%
3%
*9%
,.
1,600
22%
.
98
•
22,900
,
106 »/a
23%
23%
29
*28%
3%
3%
12 Vb
"
45 v4
45%
25%
:'r"
9%
34%.
34%
•/.;/
4%
42%
42»/4::
45%. 1
3%
98
28%
32
/■/
42,%
26
/
67
45%
■•:•//•■. '
::/.,■; 9
45/:.:
*
22%
25%
34%
,
1,800
;;:/ /12
31%
33%:/
:
30
110
*
9
*62'/;
66
60
/'
12%
Z
9
'
■
,
12 Vb
12%
,
24
*23
///
24
*23
.
22 %
93
98
106
'
'•
.
*9%
10
45
Z
45%;
26%
26%.
,
*9%
•
.
10
44%
9%
200
45%
3,200
*25%
26%
1,100
12%
12%
300
11%
11%
2,900
lO'/a
17,800
9%
44%
26%
26%
I
:
■'■/45
v
'
13%
13%
*13 Vb
13%
n%
/
11%
11%
11%
9%
9%
9%
33%
34
*33%
'
100%
100%
; /
11%
10'/a
10%
34
;
34 Vb
100%
100%
ioo
X12%
12%; ;
11%
:
10%
'
34%,
101
♦12%
13%
11%
11%
10'/a
33%
,
101
*10
10%
-/
33%
33%
900
100%
100%
720
100%
100 Vz
60
1,700
34
101
'
...»
\
*92
// 35%
35%
35
-
.
94%
35%."
*92
94%-
-
-
—
V
/
36
*92
37
./•
15'/.
x15Vb
15%
x90%
•
90%
36%
36%
"36%
36%
94%
94%/
90
15
t,
—
94 %
•93%
95
*15
20
15%
14%
15'/a
2,100
90%
90
90%
140
34
34%
14%
15%
89
90 »/4
33%
34
34%
34%
*92%
94
*92%
94
*92%
.93%
*92%
93%
10%.-
*10%
10%-'
10%
10%.
10%
10%
10%
57%
57 %i
56%
57%
56%
57
*10%
58%
•7%
7%
7%
7%
7%
'
-
:
'
,
.9°
34%
34%
*92%
34%
34
93%
90%
.
3,800
'
'
10%
4./J 57
/•", 7y«
57
56
/
57 y4i
57%
56%-
16%
17
♦16%
17%-
*16%
17%
*16%
28%
♦28
28 V*
•28
28%
53%
Vy
*
-
/
800
59%
2,100
7%
11,800
57%
8,100
*
7%
28
57
—
$3
*13%
/
91%
45% //'
22 Vb
3%
4%
of Delaware——5
Corp com_.No par
prior preferred
——No par
14%
/
42%
26%
*28%
'
$4.50
Continental
14%
18%
•
'•
91%
98
34%
.T10c
Consolidated Vultee Aircraft—_—l
Consumers Power Co com—No par
—
•
v
45
22%
'
Consolidated Textile Co Inc
preferred —
No par
$4.52 preferred——«-—No par
i.
Container Corp of America com..20
4%
cumulative preferred—/—100
Continental Baking Co com__No par
$5.50 preferred
—No par
Continental Can Inc common—.20
$3.75 preferred
No par
/ Continental Diamond Fibre—__—5
33%
25%
Corp—_T_5
Apr
6% May
35
-
3
May 15
30%
95
93
'
6
14%
9
-
15
Consol RR of Cuba 6% pfd——100
Consolidated Retail Stores Inc
1
Aug 2715% May 12/
14%
66
69
9%
Consolidated Natural Gas—
28
9
93%
3 Vb
Consolidated Grocers Corp—1;33%
21
Jan
"■//
98 r.;:
,
/___i__r_N)Ci par
Jun
15% /
9
42 /
41%
46 Va
22%
—No par
—__No,par
Jun
1,700
15%'*
15%
24
12 Vb
'
Publishing Inc—No par
preferred—.
19%
*Hy4
*23
•
12% /'/
*32%
.
93
'
15% July
33
45%
Cigar
Coppermines Corp—5
Consol Edison of N Y com..l_No par
25 Vb July 12
*66
41%
Consolidated
107% July 6
11% Aug 20/
8%/
*.'*32
preferred series/-—_—No par
—25
36% July 12;
19%
19%
lov4
23%
9
400
19%;/
*23%
24
12%
: /
: /
v,
19%
14%
"
Commonwealth Edison Co
11% May 20
23
19%
14%
23%.
23%
*23
69
*66
Solvents—
Conde Nast
21%
*22%
160
87%
*20%
22%
•
,_100
29% May 14
'r
'
12%
8%
ii.No par
Commonw'lth & South com_.No par
$0
Apr 27
106
•
24
12'/a
'
Commercial
87%
21'/a
18%
*14%
•
14%
*13%
23%
23%
*23
Carbon
—
88%
3,300
♦lava
19%
19%
15 Vb
15%
'
-
1,400
13,800
19%
15%
"•
■
36%
21
'
*
Gas System
preferred
*15%
14
/■■■■": 14
Co——NO par
Columbus & Southern Ohio ElecT_10
$3.60
7
.
22%
18%'
*14%
,f
15%
15%
Commercial Credit common....—10
53% July 15'
104
u
*15
Inc__-Nopar
Columbia Pictures common_.No par
$4.25 cum preferred w w___No par
24
,
80
_i.
22%
21%
1,100
62
■
36
36'/2
-
•14%
'■/Class-B_—-~z—2.50;;
Jurf
♦1125
*87%
88%
22%
Shares
150
'../
62
62%
*35%
36%
*21
.
'
/
150
150
*61%
*1125
88%
88
87%
CLOSED
22
150.
62%
36 Vz
36%
EXCHANGE
.
,
s.
for
the Week
$ per share
S per share
150
A
62
♦1125
v'/i •!://■
25% May 18
26% May 21
19% Mar 17
110% July
150
•
62%
*1125
V
Sales
Sept. 17
/Sept. 16
$ per share
150
-62%
62%
'
re
Z$ per share
/•-
150%
*
*61%
—_No par
Friday
Thursday
Wednesday
Sept 15 ///
Sept. 14
$ per shartf
I per shar*
Par
(The) common.No par
____'
PRICES
HIGH SALE
Tuesday
Monday
Sept. 13
Saturday
:%•//;
4 per share
$ per share
14#-
/
,
EXCHANGE
Highest
Lowest
-
NEW YORK STOCK
Range since Jan. 1
58%.
53 '/♦-
*53%
54
57
54
54
28
•54
7%
7%
57 %
56%
17%
*16%
17%
200
27%
27 %
700
28
54%
*54
54%
90
18
y
(1154)
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
Range for Previous
Range since Jan, 1
$ per
.Y_
J per share
i
$ per share
share
NEW YORK
Highest
Lowest
Highest
I per share
20% Jun
12%
Jun
173/«
Oct
13
44
Dec
55
Feb
42% Mar 24
48
20%
Feb
10% Feb
61
Feb
Feb
11
1J
Feb
13
18% Feb
5
50
Jan
323/#
i
23% Jun
88 %
Dec
1053/4
Feb
92
Feb
88
Dec
1053/4
Jun
92
Jan
12
98
Sep
753/#
Jan
59
Apr
30
Aug
168
170
Dec
43/4
195
Dec
8%
>
Dec
4%
40%
2% Aug
Jan
26% May
Feb
2 3/4
97
Dec
107-
Dec
16
Oct
22%
Dec
30;" -Jan
17% Feb
41
Dec
52% Mar
Apr
34%
Oct
98
Dec
108%
Feb
105% May
22% May
130%
Oct
100
37%
Feb
22
Dec
22
May
34%
13% May
165
12%
<
21%
82%
Dec
173/4
Dec
24%
19%
Oct
27%
6% May
Sep
12%
147
70
Jun
14
34
2
11
17 :
17
Sep
88
Feb
'•*
4% May
12% May
129
63/8
21
Feb
Feb
%
132
"18% May
4
Dec
3/# Feb
Apr
Feb
*92%
Seal
25
61%
24
com__2:50
20%
1
.No par
99
100
100
4%%
10
common—
*83
July 21
Co
—
(The)
$7 preferred
Prior preferred
Curtiss-Wrlght
Class
1
July 2
x31% May 26
Pub
Inc
com—No par
Cushman'8 Sons Inc
7%
pfd
19
y
10
14%
99
;
'£) i.soo
2,500
99
870
;
...
101
70
24%
71%
16
15%
1
300
2,700
175
9%'Z
9%
250
15%
♦160
175
Y':> 9%
800
•
30
30%
*15%
*160
10
„
700
29%
71
*30%
16 «/4
175
9%
,
55%
*81
y-4
,
143A
*17%
19
10
103/4
9% 7
•140
2,400
10%
24%
140
♦132
*28%
29% *
;
YY
'
7,900
10
553/410%
•
100
•
•
14,800
24% : 24% Y
~-j
7*132
140
*28%
1,500
144
7*55%
10'/#
>25
100
7
20
10%
10%
♦141
55%
10
25%Y
♦132
,*17%
10%
144 0/
*55%
-
29
14%
10%
♦140
10
140
28%
29
'81
14%
20
243/4
.
243/4
*132
140
10%.
56
81
14%
*17%
.145
*551/4
83%
14%
Y
19
10%
Y.;
-10%
24%
V
"
.14%
♦17%
143
-
*81
83%
14%
-.
*55%v 853/4
10%
♦28%
xl6
*160
29%
38i/2
29%
24%
71
30%:
30
16%
10%
25
•132
30%
175
*141
10
No par
72
1,400
/•/
20%
103
*24%
100
Y
24'
*37i/»
99
5,100
;v
'
/
24%
100
Inc
72
f82' ; 87
*.
1
—
99
1,600
77;
,
39
110
3,300
7/'
10
*23%
29%
*101
103
y
93
10
201/4
29%
99»/4
♦100
71%
*9%
10
144
55%
99
/
20'A
*37'/#
-
YYv,
2%
*92'A
10 %
23%
Y
29%
24%
16%
87
1
common
A
Cutler-Hammer
*140
Nopar
21
39
24%
30%
10%' 103/4
Nopar
—_
20 y#
293/4
^5,300
7.:/;
4
Y"32% ; 323/4
93 Y
X23%
172
3%
*2% '
32 y#
10 r "
243/i ;
*37
•
99V4
*160
-
14%
•
243/,
:
29%
103
32
z'
1,400
'■■iY.''1 /, 100
621/4
62
172.
v
2%
*921/4
>,i
10%
24%
16%
'
Curtis
2
Aug
Press
32 3/4
93
,.
'
'
4;Y|
2%
2®/# ?
2%
19
93'/4
510
93%
19
173 Y ;
700
BY
*92%
3%
30
•-
"
*92%
:
62 »/4
173
,7 4
X71%
175
9%
}
preferred-,ii.i--C—.--^.100
Cuneo
24%
61%
174
3%
24%
,
30
16%
613/4
♦172
10%-'
20%
99
73?#
♦73
93%
;
40 •
*100
.
24%
24%
30
Cut'.ahy Pacxlng Co
20%
28%
99
—No par
19 Y:
93 v
*92%
*92%
10%
*37
28%
♦160
May 14 \
137
21% Mar 16
20%
40
-
56%
x92%,
32 %
93
■
.
56%
xl9
32%
*24
561%
19%
61%
2%,
,
11%
56
Y
11%
93%
■YY
Y
2,000
Y 11%
94
/;
/Yr
.19
11
*93
3%
32.
24
28%
62%
172
'Y *92%,
,10%
10%
*37
5
com
pfd
47%/;;: ;Z
11%
56 *'■'
19%
2%
02%
(The)—.—2
non-cum
18 3/4
47%
*93
:
33%
/
■
31%
*10
preferred—
6Vo
YY;6l%
YY 172
92%
-1
new
19 y«
*463/i .471/2
19%
94
2%
32%'
2%.
,
25
100
preferred
RR
62
Shares
:
*i83/4
*11%
>/
93%
*92'%
J71»/a 171%
3%
4
—1
Y.
—;
Corp
19%
*92%
93%
$ per share
19
47%
-
56
j
94
*92%
♦17%
28% Sep
27
30%
CLOSED
Cunningham Drug Stores Inc—2.50
12%
13
Jan
&
19
*46%
56
Y
•
14%
61
j
11
183/4 Feb
V
;'Y;;Y 553/4
;;
.
5
150
Mar 11
133
56
EXCHANGE
13% July 15
17
7
48
56
■YYY STOCK
100
July 30
'
-
11%
173/4 May 18
24% Jan 13
11
122 3/# Feb
£ Mar
Cuba
4
133/4 May 21
11%
;/
Sales tor
Friday
/
Sept. 17 YY Y the W eek
Y
S per share
"
Cuban-American Sugar common—10
IVo
preferred
1
i
100
9
Jun
11%
r
America
Zellerbach
2nd
$4
17
Jan
17% Aug
177
-
11%
Crucible Steel of Amer com—No par
5r/c conv preferred
I
10o
2
78% Jun
18%
46%
preferred—————No par
$4.20
1
283/4 Jun
21
9% Sep
Dec
Jun
129
18%
46%
1
Refining, com
of
Cork
Crown
13
14% Aug 26
18% Aug 20
Feb
Jan
56'
$2
1
10
Apr
81
Nov
113%
6
Sep
12% Feb
Feb
Crown
4e% Mar
103% July 14
263/4 Mar
.155
Mar
101
Dec
Xl6
Oct
Jan
8
Feb
18%
,_1C0
preferred—,——
$ per share
47%
1947—-100
Cream of Wheat Corp
Thursday
Sept. 16
Sept. 15
f
t per share
18%
•
rniv/ta
Wednesday
•46%
of
„
O/xlik.
;:Y
50
l—U
ser
common—
•
Creameries
34% Jun
66% Mar 17
Jan
165
Jan
Co
33/4 c/c
2
24
common——5
HIGH
AND
Tuesday
Sept. 14
$ per share
preferred ————100
Crane
26% May 27
11
91% Feb
-
15
243/4 Jun
Products
77*
2
Jan
t per share
par
Coty Inc.
Coty International Corp
2
14
13
39
Sep
1
263/4 Mar 16
Jan
96
'
Co
Steel
preferred
ptd 3 % %
Cum
Corn
Mar 19
3% Feb
393/4 Jun
98% Jun
13
Mar 18
x21
25
66
f>
9
Feb
94% Aug 31
93/4 May 13
Mar
11%
29
3%%
1
YjY 5% Jan
Sept. 13
Exchange Bank & Tr Co
20
Corning Glass Works common—5
July 21
177
Aug 11
33/4 Aug 13
Jan
97% July
Monday
Sept. 11
Corn
66% Mar 24
J
9
8at«rday
Convertible pref 5'i series
Cornell Dubllier Electric Corp__
11
Dec
i
;y. •.h-
iYYYY Y':■
Copperweld
18
May 20
18%
61%
RECORD
LOW
STOCK
EXCHANGE
By"'
15% Jun 15
57% July 14
12% May
51 % Dec
STOCK
STOCKS
Year 1947
Lowest
YORK
Monday, September 20, 1948
140
283/4
28
293/«.
3,300
500
D
'
19 %
Aug
26%
Sep
20
901/4
Nov
97
Sep
87% Mar
23%
Oct
13% Mar
143/4 May
,
16%
Jan
24
Dec
823/4
Dec
10
94% Jun
203/4 Jan
2
25
17% Jan
6
24%
Oct
18% Feb
24% Feb
25
10iy2 July
23% Feb
85
123/4
Sep
11
Sep
20%
Feb
Aug
45%
Oct
May
;
14
Jan
84
pana Corp
24
4
.
35'/,
Dec
31 Y
30% Jun
9
Feb
15
1013/4 July
84
33
Mar 16
Jan
28% July 14
313/4 Aug
4
CUm
pfd 33/4%
Davison
Chemical Corp (The).
Dayton Pwr & Light common..
Jun
17
Preferred
5
94
Jun
10
Preferred
3.75%
series
3.75%
series B
5
Dayton Rubber Co
Decca Records Inc——
15
Sep
13
29 % Feb
5
323/# May
5% May
45'/4 Mar
38yi Jan
20
34% May 24
50% Jun 24
10%
7% Feb 11
131/4 July 12
33
46'/8Jan
2
Deep Rock Oil Corp
Deere
Co
&
Denver & Rio Grande
14 3/4 Feb
393/4 July 15
Escrow
ctfs
for
32'/4 Mar 16
58
Escrow
ctfs
for
20
Detroit Edison
9
Jan
6
213/4 May 17
60% Jan
9
lO'/a Feb
Oct
11
13% May 24
58
•
10% May
171/2 Jan
13% July
26% Oct
22 >/8 Mar 18
26
Jun
1
16
22
Jan
12'/a Aug 25
16% Jan
10
31%
Feb
22% Feb
Oct
20% May
35'/2
Apr
42%
Nov
171/4
Dec
7 47 >7 Jan
28% Jun
2
35% Mar 12
.46
Jan
38
Feb
13
24%
11 »/4 May
151/4
21
50 i
,,
Feb
143/4 Aug
3
46% July 29
19% May 26
Xl93/i May 21
18Jan
13
Mar 17
Jun
10
Detroit
Steel
6%
Distill
5
56
Apr 21
13% Aug 31'
23
Jan
Dr.
29
Dec
16
Dome
32% Feb
20
114%
104'/4
97
Feb
67% Apr
90
Feb
13
106% Jun
21
$3.25
21
Jan -6
31% Jun
21
Dresser
Dec
9 81/4
Feb
83
Jan
2
lOMs May
14% Nov
19 7
Feb
12% Feb
11
17%
Nov
12% Mar 11
May
23
197
July
115%
Dec
923/4
Dec
1291/4 Aug
107% Sep
110%
Sep
115»/2 Jun
14
Dec
Chemical
Oct
May
19% Mar
164
'
23
Feb
Duplan
124% Jun
11
15% Jan
2
Year 1947
$ per share
$ per share
19%
Jan
25% Aug
Nov
24%
Apr
141/4
Dec
51
Jan
14% Aug
16% Sep
17
38'/8 Feb
10
42% May
163
Dec
42% May
18% Dec
'•
88
Dec
15% Aug
104
Dec
'
48% July
198 V2 Oct
573/4
251%
109
162
Sep
Dec
47% Feb
Feb
17% Feb
'■>
17
Feb
82
46% May 15
175
28
65% Jun
14
13
Mar
19% May 17
92% Jun
1
Edison
16% Jan
Ekco
8
27%
Feb
13
Mar 16
Feb
98
Sep
106
17
8%
Feb
653/i
Feb
10% May
333/4 May
2 '
Sep
; II1/4 May
16%
Feb
Feb
13
39%
Jan
32% Feb
19
3%
Jan
1% Feb
11
19%
Feb
13% Feb
11
5% Jan
43
ill
4
145
135%
Dec
171
July
139
Feb
5
56Y
11
491/4 Feb
10
14% Feb
19
22 % Aug
11
17
Dec
May
Watch
Co.—
—
preferred—
preferred
Endicott Johnson Corp
4% preferred
107.
-
Mar
97
Feb
27
Dec
4% Jon
5
Feb
9% Feb
11
50% Feb
11
47% May
67
Feb
63
Nov
85
Mar
May
,13%
Feb
'173/4 Dec
24%
Feb
25%
Jan
32% May
50%
Oct
38
Feb
10
x6%
13% Aug
5
Sep
13
59
Sep 14
Sep 10
13% Sep 16
5%
7% Mar 17
104
Jim 10
51/4 May 28
16% July 12
65% July 15
68% Apr 14
9
Jan
14
20% May 17
11% Jan
5
49% May 3
7'% Mar 30
Natural Gas
Electric
Equitable
Erie
RR
57c
Erie
Mfg
Office
Evans
44
May
Jan
60
Jan
40% Mar
313/4. Feb
'
9
54"% Jun
10
Williams
Products
W
z,;; '.
Por footnotes
9%
see
11 % Jun
18
Morse
Brewing
Farnsworth
900
700
45
••
•'
500
15
YZ:
400
.
15%
15%
16%'
.9,300
167/a
600
•32
*29»/4
52%
*52%'
14
54%
55%
200
;
13%
Y
53
■'
120
ZY;
13%
500
34%
343/4
1,800
13%
Z
14
4,600
55%
54%
55%
1,200
47
101
*100%
100%
103%
103
47
101
103
103
.102%
102%
1,700
27%
2,500
47%
263/4
94
*91
94
*91
*14%
16
*14%
153/4
*14'/4
14%
14%
143%
143/4
170
T */•
•
172
26%
172%
Z
•
27%
47
27 y>
47%
27
*91
9,700
;
15%
400
94
*14
:94
♦113.■
13%
96
13
96
1173/8'
172
Y 117
*12 3/4
3,000
1,000
96%
300
;
115
*123/4
123/4
\-"jr y
■
i:.; 117% ! Y-
*113
115
123/4
133/8
112
96%
96%
*113
115
—
1,200
'
172%
117%
*95%
117%
'
*113
13
143/4,'.
.
14%
14%
'
117%
115
15%
172 Y
173
172%
*117% 117%;
*95%
96% y
95'/4-
Tuesday
Sept, 14
.—
13
400
Friday
Sept. IT
Thursday
Sept. 16
Wednesday
Sept. 15
$ per share
147/g
*16%
20%
$ per share
f per share
Sales for
the Week
Shares
t per share
RR
203/4
2,300
15%
15 '/a
15%
147/8
15 %
4,800
16%
16 5/8
16%
16%
16%
1,100
43 By Y
42%
43
42%
427/8
42%
42 7/s
7,400
163
♦160
Y
w
163
*160
163%
162
163
*160
50
"
62%
63%
633/4
63%
64 -Y
17%
*17%
18
17 3A
17% '
♦90
93
92
■B"
13%
99
13%
*90
13%
13%
99
*97
*97
7'/a
Bv *6%
47
7 Y-
47
46%
15%
35
63%
93
17%
93
13%
:-YYY:,Y—
600
13%
98
99
*97
17%
.
*90
•'13%
13 %
>
1,400
1,000
:
93
*90
13%
64
64
Y
633/4.
17%
*17%
,
99
154
*154
158
*137%
:!YZ ' 50%
14% 114%
*14%
23%
' Y
98
•
*155
.
20
23%
63,:,;
63
23%
YY./Y63 '■:■
*46
47
71%
161/8
15%
BY *33%
15% ;Y
...
34 .:
5
z
'143% "v 15
.100
Y:YZ:
50
*60
'
65
;
139%
100
49%
:'/Y '800
15
*14%
233/4
x23%
233/4
63
x63
G3
*44
46%
-
70
70%
;
16%
16%
11%
11% Y
16% Y
IOO'/B 101
Y
47/«
58%
*■
59
,
15
XlOO
J
r
.
•-?
58i/'a
60
*
■
.*58%
62
15
59%;
*58
62
11'/.
'
1
■
*61
65
"
-'Z
2,100
2,200
'
15%
*
101
5 Y'
:
58%
•61
28,100
15%
58%
..u—5
*53/4
5
*13%
14%
!
Co
&
Co.—
Corp
ZV'Y
5%
Z'YYZY'.YZZ:. YvZYZ
__1
3
.2.50
7%
7%
6
*57/8
♦13%
•
YY.
*7%
"40
39%
39%
5
*5%
53/«
v
'v/4." 7
••
'•
Ai."
•Y
Xl3%
133/4
♦39%
.
Y YY-
-^C'
z:
5%
X73/4
8
40
I:
Y
14%
Y/Y/Y5
Y
;■ 53/4
5%
:
.
*39%
5%
/>•;.,
13%
7%
8
•41-
i
5%
*5%
*5
5%
; 7,800
'
YY;
65
B'Y Y-r
7%Y.'Y
41
73A
-
5%
5-TY.
5%
40
♦5
7%
40
t
*44%
45
44%
44%
29%
30
'*29%
29%
22%
22%
22%
221/4
1
63/4
G%
6%
Televis'n & Rad Corp
'7
B
;Y
80
500
800
500
300
ZYYY'i!''!.'••• 4
1
900
500
5%
-No par
20
.
Y
13% i 13%
13%-Y-Y
.•<
-
400
1,300
1,400
270
'
Corp...
Y Y
33
5
.■:,Y 143/4
•'
100
'
♦100
;
".58% Y/
,
-
161/4
33
5
15%
Y
48
.15%
100
5
-Y'Y
5
15%
1,000
•69%
r
•
15%
;
600
15'/a
'113/4
12
,
;
300
-
64Va
69%
•'
•
YvY
23%
■
*44
48
70
16%
*ll3/4
15
*62
69%
500
"
23 %
B
15% Y 15%Y;Y YY 15% : .15%
x33 %
33%
33%33%
.
5,600
157
-
.". 15
;Z,
59
YYVVVB" 59
46%
100
1,400
21
49%
50%
•
2.200
Y
*155
<
15
1%
*139
;
139
'
16% Y
11% :
11%
Y, Y.Y.
;
Y
:
2,800
Y
15%
20%
Y
-
35%
'
1%
21
x50
—
♦34
1%:;Y-Z
.;
46%
15%
15%
35
139
-
7%
,
46%
;: 158 5
*155
15
.70%
34%
158
15
YY
16%
16
20%
15
47
*33%
213/a
50%
71%
YY.-15 %
20%
139%
*46
;
*1%
50%
X70%
Z
*33%
1%
*6%
Y
463/4
15%
343/4
1397/a
23%
Bz;
15%
50% Y;
xi6%
:
,7
139%
50 7/8
: 63
x46%
1%
21% Y
139%
63
47
15%
i%z;
21
*6% *'>• 7%
.
"343/4
35
1%
•
7%
463/4
15%
15Va
♦33%
,Y
1%
*6%
101
Co
*20%
20%
15
16%
100%
A
20%
15%
42%
163
20%
20%
20%
17
V,Zp'lMVs
Falstaff
4
100
500
'
101
46%
♦100
*91
5
Fajardo Sugar Co of Porto Rico
5% Mar
.
*14%
101
Aug
page 26.
1,200
"
42%
,
;
is
:
16%
32
52%
14 'f:
27
4%
Apr 23
Feb
53
55%
1033/8
16%
43%
23%
«.
_No par
Eversharp Inc
Ex-Cell-O Corp
Exchange Buffet Corp.
Fairbanks
42
;
15%;
16%
23%
':45
15
*293/4
12%
'
45
14%
15%
-
;
13% -13% 5
47%
•100%
32 %
3
*52%
55
1
24
14
15%
16%
31
31
53
—100
26% Mar 17
Apr
*16%
100
143/4
Y,Y?Y 153
*137%
;
50%
common—25
20
4% May
15%
'
30%
45
*
Z
27
—
207/8 r 21 BY
,
i;<
25%
Y
16
-301/4
20%
15%
3
,
Pittsburgh
Eureka
.
*33%
,
Co-——.4
Bldg——_/—
common
preferred series
&
.42%
15
12%
23%
12%
•
Emerson Radio &
Phonograph—
5
Empire District Electric Co„^
10
8
Jan
42%
46%
147/8
103
:
y 115
13%
50
....
9
16% Aug 27
Y
42%
46%
46%
118
95%
•97
10
34
2
42
46%
14%
15%
100
27
•90
50
Emerson
22
42
.
2,900
;
8,300
23%
23%
53'4
47%
17 %
,
:__15
El
12% Jan
*22%
z *133/4 513%
53
42%
.♦160
62%
..Nopar
6
x29% Jan
23%
/
343/4
1%
3
Apr
23V8
14%
..No par
20% July
15% July
•
23%
:
14
shares
76
4%
Dec
Amer
11
19 % Jan
23%
14
46 3/4
13
38
4.300
491/4
12
12%
|
:
23%
12%
24
*12%
16%
3
preferred
common
conv
Paso
12%
*23%
12%
34%
5
(The)
12% Feb
12%
Nov
5%
12%
24
12%
14
*6%
55% Feb
Dec
10%
6
12
*23%
12%
343/4
———.1
Oct
Dec
*7 %
Co.—
common
Ind
Elgin National
Co
12%
24%.;;Y
20%
Z
1
Dec
3%
■
STOCK
CLOSED
100
Storage Battery
5% Vo
:
$ per share
4
59%
Jun
-,
EXCHANGE
Electric Power & Light com
No par
$7 preferred
No par
$6 preferred/—.——./.No par
Elliott
14-
Monday
Sept. 13
100
common
17
8%
f
46% July
Mus
Electric
64
137/8
•117
1
common
Auto-Lite
Convertible
743/4 Jun 14
Aug. 19
9% Mar 18
113/8
27% May
102
6
27% Jun 14
59% Aug 17
46 3,4 May
Jan
9
*58%
53
14%
•y/
5
10
preferred
Nut
Electric Boat
4
123% Feb
Oct
Stop
7
28
Feb
57%
52%
94
100
10
143% Apr
56% Jan
156%
r
16%
common——2.50
163/a Sep
7
64
V
64
34%
•13
Co
373/4 Jun
23% July
*58%
*581/2
14
*113
preferred
Elec &
21
323/4
32%
LOW AND HIGH SALE PRICES
preferred.
Products
Electric
2% May 24
20%
',
33
34%
Saturday
Sept. 11
Corp
Bros Stores Inc
Elastic
49
21
i*45
:
'
Manufacturing Co__/
4 % c/o
50%
20%
14
100
Inc—.
Kodak Co
41/4%
49%
21
34'/4
fpf 169%
Co....—10
Airlines
1
158% Jun
Dec
Dec
Y 8 % May
24
10
Jan
45
Jun
2
32%
50
900
500
5,300
>
III
cumulative
Eaton
12
Feb
15%
24% Mar
8% Jun
:
20
47
'
Jan
6%
33%
49
21
-
14
5
Stainless Steel
Eastman
17
111'/a
4% May
50 %
Eastern
32%
Yf A W*
;i. *14%-
I per share
Eastern
10%
5,300
"
'
EXCHANGE
Eagle-Plcher
8
47%
10%
-mis 3"
Z16
*91
/NEW YORK STOCK
Jun
May
v
1st pfd
Cigar Corp
25% May 27
20% May 18
*46%
10%
15%
*14%
v
Nopar
22 3/4 Jan
473/8
10%
34%
yy 47
}
/No par
•
2
463/4
10%
*41%
.
/
45%
15%
27
$ per share
19% Feb 27
16
/
33
53
,
y
100
series
/ ;
46%
10%
14 ,:y
—No par
series
.
per share
preferred
$4.50
Range since Jan. 1
y
Highest
46%
*23%
103%
$3.50
Lowest
46%
10%
12%
42
103
STOCKS
Y,
Highest
34%
30%
34%
50c
common
Preferred
Range for Previous
Lowest
2,800
500
34%
*12
Y
100
International
DWG
;IY'
12%
100
Duquesne Light 5%
1,000
8%"v-"y;
30%
64
52%
YY:*13%:
•
15
Preferred
3
116 7Jun 22
10%
"
Du Pont de Nem (EI) & Co com„20
17
99% Jun
111% Aug 24
123/4 Sep 16
A
Corp
2,400
Z ' 40
32.
32
>
34%
*58%
No par
conv
Dunhill
18
32%
'
•
30%
64
♦31
Nopar
common—
Industries
8%
♦31%
:
10%
8%
34
21
7/ 16 y
5
——
Co
10%
87/a
30%
33 %
IT <15
•:
No par
series
♦10%
8%
33
2,300
.
...
87
'85
-.88
10%
83/4
Y
49%
preferred——_No par
2nd
3%%
20
Mar 18
113%.Tan
94
98
July 16
May 15
May 20
188% July 9
Corp..
$4 preferred
86
86
200
v
■
,
23% •V 23%
28%
28%
30%
49%
•
No par
Ltd—
Douglas Aircraft
Dow
Dec
14
173
15
48
July 12
106% Jun 15
6
Mines
Y
Y
34%
33
*41%
1
7
Doehler-Jarvis
24
42% July
Feb
Sep
Dec
Jun
Feb
Y.
87%
*86
.
*
28%
28'A
303/8
20'/B
,451/a
^15
"
2
47% Mar
80
*
Ltd
Oct
19
88
24
23%
♦86
34'/#
50%
12
2
Feb
40
34%
21
*58%
No par
Co
55%
2
Y
17%
*161/8
31
50
.—.25
Car
34
98%
•*'
common
Corp*6eagrams
Corp5'.-
13
24
100
16
103/e
23%
Divco
Feb
1,200
,
t9%
10%
•31%
20%'
Dixie Cup CO common.
No par
Class A
—„.—No par
13% Aug 16
22%
22%
*88
*46'A
y.
333/4
33%
.
23%
2
361/b
91%
i,
12.50
A
2
47% Jan
33%
12%
Jun
Oct
y *86
Y
32
*30%
-
24
19% July
Jun
23%
8B
31%
*23%
preferred.!-
Jan
87%
31%
•121/2
41
39%
28%
*86 Y
8%
1
16
21%
28%
87%
10%
1
14% Mar 12
.76
:
; *15%
*
29% Feb
28% May
23%
28%
10%
100
Oct
45'/4 May
17 V*
x8%
10%
Sep
/ 18'/4 May
♦16 %
*86
,
5
Co
17%
5
Y.
83/4
46%
40 %
Pepper
>88 '
10%
.191/4
5
*16
17
10%
——20
Match
16
8%
46%
Corp.
partic
*15%
..5YV31%
^.100
com—
Diamond T Motor
*15%
lO'/i
—50
Dec
Dec
*86
.
y
*100
pfd—
Raynolds class
Diamond
89%
28%
33%
Vilbiss Co
Devoe &
22%
*87%
16
*86
333/4
May
19'/#
!'
Detroit Hillsdale & S W RR Co„100
De
22%
891/4
23%
33
May
25
49
87%
*33
Detroit-Michigan Stove Co..:
Apr
23%
*88
West RR
Dec
Dec
62%
28%
20
preferred
Delaware & Hudson..———
Delaware Lack & Western
July 15
*22%
16
17
24
No par
common...
7%
193/s
Aug
23%
*86
y
1
441/4
11
17%'
28
50e
Oct
27/2 Mar
;
/•
50c
9
Jun
•
223/4
89%
♦15V4
'*17;
100
15% Jan
42
22%
89%
16
7
p. 133/4 Jan
Feb
59
1
.1
7
;
22%
90
*15V*
r
100
9
Feb 20
46%
■:
A
9% Sep
38%
25% May
20% Dec
22%
*89%
-
94
; 29% Dec
6 3/4 May
—100
8% July
30
Feb
'
4
'
series A_-
Davega Stores Corp common
2.50
Y 5% preferred
'——20
2
Jan
1
common—
W'
s
Number 4735
'Volume 168
COMMERCIAL & FINANCIAL
THE
CHRONICLE
(1155)
1*
■
i
YY-''
Range for Previous
Year 1947
$ per share
Lowest
Highest
I per share
$ per share
11
Deo
i«Ki
/
Feb 20
15% Jun 18
May
42% Mar
35% Feb
Deo
32
23% July
16
Mar 11
14% Feb
>8% Aug 6
20% Feb10
Dec
28% July
107%
Jua
90
Feb
20
Feb
15
7
68
May 28
Fidelity Fhen Fire Ins N Y.
53
Jun
29
7
Feb
11
104
Feb
14
61% May
14% May
21% Jan
49% Mar 16
14% Feb 20
24
39%
21% Feb 11
May
Dee
Oct
*98
Dee
30
May
110% Feb
41% Jan
13
Doc
17% Jan
19
May
:14% -Jan
40% Deo
13% Feb .21
14
Sep 10
83% Feb 11
18% Feb
9% Mar 17
9
24
May
30
^Aug
Feb
*104
26
40% Jan
12
69
Feb
8
105
13
90
SOP 13
26%
22
Jan
25% Jan
Maris
5
"3o%
60% Feb
May
11% Nov
18% Deo
22
Jan
10
39
Jan
17% Mar
Feb
-10% Oct
13
Sep 13
11 -v Sep 14
44% Sep 17
12% Feb 27
12% May
17%
14% May
48
11
16
Oct
11% Feb
Jan
99% Mar 24
68% Oct
-102
Deo
60% Mar 11
1Q0% Jan
6
8% Feb 28
13% Feb
188
July
;Y
18% Jan
May
Apr
Sep
71
37
23%
148
33
Feb
160
Jan
Deo
32
May
39% Feb
24% Deo
Y
87
Dec
10% Deo
May
103
123
Deo
100
Deo
*122
81%
Jan
Dec
129
Dec
86% Feb
13% May
18%
13%
Mar
14% May
■
82
Jun
5
No par
43
May 27
Mar 16
41
Jun
8
96
Jun
;■
2
34
88%Jan
2
2
.
Mar 13
118% Feb 25
97
Feb 10
108
80% Iter 18
119% Feb 19
20% Dec
18% Feb
26
13% Sep
17
Y
13
Deo
•16%
Jan
11% Jan .22
Feb
Y 21% Sep 13
128
Oct
3% May
4% Feb
140
Feb
18% May
26
May
101% Apr
124% Jan
26%
19%
Apr
98
36%
Dec
Dec
35%
30
Jan
Feb
13
25
23% Aug 11
Feb
22% Feb
•
98% Apr
Gen
00
30% May
May
10
$ per
$ per share
Dec
27% Feb
Jan
90
30
Feb
17% Feb
103
Jan
14
79
Apr 30
21
Mar 17
68
48% Feb 27
Sep
Feb
4
Oct
Mar
113
Feb
19% Sep
71%
Feb
106
61%
Feb
24
Jan
'
3
8%
Dec
Oct
3% Feb 27
5% Feb 17
18
Oct
Feb
Dec
37%
Feb
Dec
Dec
May
19
11
19% Sep
17
23% Jun
27
145% Jun
Jan
13*
Feb
60
Feu
Apr 10
y
29% Feb 21
77
Jan
16%
40% Jun
9
13% Sep
7
17% May 17
10
Feb
5
105% Feb
*8%
'■'78
95
May
6% May
'31% May ^
91% Apr 16
18% Aug 11
Jan
5% Mar
Dee
85
14% Feb
v 61
Dec
Y 76% Dec
'
Apr
.
44
16% Sep
Feb
14
,
9
7
12% Feb 11
Feb 10
67% Feb 10
Jan
2
98
Jun
4
75%
126%
'623/8
92
♦10
.
121
62ye
;
22%
3% Y 3%
*26
24
*26
Y
86
■f:,
.v-'jiA.-."" 4
26
*25%
HIGH
Y
i^YYY
Y-
Y,
19%
57%
*102
102'
;• A
;.Y;Y
-
19%
*101
193/4
4%
:
*15%
Y16%
25% July 12
Y' 9
jun
.
97
*18%
♦6%
Jun
39%
>38%
*14
"42 i-
43%
20%
203/8
''
•-
Y
/
v
P.-,. ,p.Y
i -;
W
Y:
•
.
•
'
•
■
;w-'
■;
•1333/4
*70
Y/'
';^ 'r-Y''"
..
35%
•'*
•'Y |5
conv
■
85
10
19 y«
*6%
♦90
96%
19%
7
y:
92%
-
Y
.
r
6%.
12%
39'A
38%
38%
38%
*91%
17
Y
:"!.■ 200
*14
14 Va.
43%;;
43
43%
42%
19%
20
19%
135%
♦70
Y:.
35 »A
135%
*135
136%
*70
74.
35%
35%
74
136% 136 l/a
Y; 74
35%
■
13%
13%
13%
13%
11%
10%
11%
11%
95
20%
96%
*94
20%
20
;Y
*6%
8%
92 '/a
♦93%
17%
i7y»
17%
17%
:
,57%
*55%
56%
67%
66 h\
67 V*
17%
17
17%
X56
55 Va
67%
17%
17%
55%
67
56 y4
67%
'
r;
67%
,>17'".
17%
16%
55 Va
66
T6%
Y
40
20%
400
ti
:
10
21% Sep 17
Y/ld
-13
•
1
/
'
Jun
au»r-u
34
Jbefcsn mmrtk
Deo
19
Jan
13% Iter
112
Feb
79
182% Dee
19% Apr
UStt Oet
lg* May
108% Sep
27% Dee
3
Iter 22
*101% Feb 10
Han
16V« May 22
iw
107
-
Jun
4%
16—
Jan
27% Mar 16
34% May 15.
Banna
conv
No par
com
preferred....„„
13
106
♦81
..
.
....
(M A) Co *4.25 pfd—Mo-par-
150% Jan 28
38% Jan
180
F or footnotes see:
page 26.
27% Jun; 9
*32%
35
Y *33
14%
*14
14%
^13%
22%
*14
L Printing Co..—.:—-n_s
Hamilton Watch Co
*14% May 21
89
Jan 12
21% Feb 24
146% July 30
34
Halliburton Oil Well Cem Co com_5
22% Sep 15
'
-97% Deo
-
Aor 10
;3S
:
EaxMsoa-WaEc
Refraoeom—Jfopar
♦104
24
*145%
Earl .Sehatgnsr .te-.Mawr-
,
«•
r
16
28'/.
13%
84
106"
24%
149
28'/g
*33
34
5,700
,700
,Y
.
i
3,400
Y
14
13%
*13%
13%
82 yz
*89'/a
82 ya
13%
.13%
13%
82%
*80 Va
82 Yt
*80 Vi
28
v
*104%
'
*145%
149
♦27%
29
149
*145'/a
•
108
:4
24%.
24 Va
28 Vtt
34
21%
14
*80
'106
■
22
Y *13»A
24Vs
♦33
24%
*105
24%
106V»
24%
24
*145%
29
28%
*28.
22
14
•losy* 106 ya
*145% 149
;
8.800
14
13%
♦104
34
;
)
16% Y*
22'
Y
1
67
14
22%
j
"
20
-
Y
4,200
63/4
•'
19% Feb
(
.
95% Y
17% v/
55%
|
22,200
96 Vz
*6%
92%
,21
■
' i
200
11%
95
'
2,100
137/a
lOYs
*94
40
Y'-.Y
36:
*13%
;
Y
*70
35%
6%
17
3,000
5,700
'
92%
66%
400
10ye
14%,
6%
56%
v
43%
20%
20 V*
26
80
800
33%
,14%
,
20
•91%
17 %
No par t
4,700
12%
43
.
,900
1,000
93%
20%
6%
16%
:
{1,100
25%
12%
25%
>93
17%
-
12,700
6%
30%
92%
19%
1,400
16 %
♦30
93
14 Va
4,200
'
,
4%
6% ;j.
16%
25%
96%
*95'
Y;
12%
.
11
10%
4 Y;
:
24%
36
13%
35%
*13%
4%
4%
'f
93
135%
-74
*70
.19%
14%
No par
preferred
Gulf OR Corp
Gulf States Utilities Co
9
11%
*95
Gulf Mobile A Ohio RR com_No par
21
13%
common—1
preferred
.——Nopar
new
36 YS
10%
100*
preferred
135%
Y 74 UY
45%
*18%
13%
'43%
203/8
20
*1343/4
,
104%
19%
93%
14
'
"43
,Y/r
44%
104%
*38 Va
13%
39
14 YJ
14%
*13%
1
Ouancanamo sugar
July 21
18% July
13^2
*38%
44%
104Va
*18%
247/a
93'A
,
<
100%
100%
101
*13
25%
92%
-
/
44%
31 Va
24"%
No par
0
101
X30 %
25%
92%
,
19%
60
♦104
31%
25%
30
1,700
3,700
Y, 1,400
18%.
58%
6%
31%
13%
,120%
16%
16%
100
3^600
i
19%
6%
31%
3,100
5%
120%
,5%
;
Y
58%
16%
16%
93%
-
7
22%
52
'
4%
31
93%
2,700
3,100
' 84
22%
*51V*
119
16%
30%'
•13V4
for
Shares
20%
19%:
19%
*16'A
1
6%
—
Yi
'-VvYY
100
preferred
Grumman Aircraft Corp
14
20% Jun 23
58% Jun 16
81
Co common
'/y■
10
92
*80
84
.
Sales
£8%'
104%
25
'/•■',
■
the Week
33
20%
20%
119
44%
;
30%
.10
No par Y
5
*79-
19%
4 Yd
4%
YY,
~j
'10
8 per shard
32%,
♦90lA
,
'58%
? 103%
104
*18%
.,.;■
-
-
Friday
>
22 %4 22%
•,>51%; Y 52 ;■ /
5%
:< 5 %
122
-44%
104%
YYY-*6%::V;Y7:Y;
new
5%
19'A
58
Y
67/a
ateej
52
♦119
44 V4
44
-
'
22%
5%
1043/4
-
-"
—
YYY.
Sept. 17
92
20%
84
22%
103%
*101%
44%
104%
*18 3/4
t
43%
104%
':Y.YY:Y;YY
86
32%
32%
*90%
20%
*79
57%
.
—
-
500
78
■
$ per share
32%
•51
19%
19%
57%
>
-
.
*82
Sept. 16
•
92
20%
122
19%
pY
.23%
*75
-
700
360
1,600
'
YY:;-:
103
*23
v;73YYY>
1,100
26 %Y.-
*253/4
■
Thursday
;
$ per share
32%
5%
*118
122
86
6,500
;
PRICES
*90%
53
5%
5%
*75
40
5 '
27
.
*101
,
23%
*82
78
Sept. 15
22%
1
X563/4
10
No par
com
22
*51
23%
1,000
YvY,:::
26%
26%: ;•
126
127 ; Y Y
; ; 25%
25%:,.Y';
26%
"
♦101/ ^103 ;
Wednesday
32%
Y Y*90%
22%
*118
SALE
*253/4
•
■
25%
86
;
128
1,800
18,600
122
27
26%
26%
700
3,600
1,700
.
3%
4%
'
'
12 3/i
*119
."
.
.
22%
*22
25%
23%
23%.
}
.78
52V4
5%
103 Y-"
*101
.»
5
14
12%
-
27 YY
127
25%
263/4
800
1,100
Y
21%
Y,:; 3%
:
•
122
*4%
26%
v
128
25%
;
Y
23,800
Y
•
143A
133/4
3%
*119
Y
YY
;y
;
95%
143/4
"
213/4, €1%
:Y 14
" 14
26
K 128
Y
-
5%.
•;
62%
121
21%
15 Y
:;r 3%
.263/4
*83
22
Y.YY: *
120
,
32%
92 Y
20%
203/4
203/4
84
Y'Yv*79 Yvi84:Y
92
;
61 5/b
Y
210
;
107%
,7121*
12%
80
52%
Y-Y V>\.Y'''lr?
Y
1,600
2,100
120% <120 Yz
22
$per share
,
32%
•
>j~v.
200
495/«
-'
12%
Tuesday
Sept. 14
$ per share
*79
4,800
10%
.'.5*94%
95%
22'
85 Y;f. -.85
•
Monday
Sept. 13
STOCK
YYY".
yy:yy
49%
*102
121*
12%
5 Va--.
24%
*78
■;
4
3%
:
26%
27
103
*233/4
.
80
CLOSED
92
700
Y Y-
10%
62%
v
■•' 95 %i
■:
22
25%
*101
27
22
14%
33/a
26
25%
103
EXCHANGE
*90
<
Y
21%
120
.
127
127
•
22
121
'
Y *14%'
143/4
14
5%
26%
*257/a
25%
20%
38
YY37%'
:
; 12%
Y
122
5%
26%
25%
0
20
20,500
107%
61%
96"?:-/
143A
12%
;
125%
Y
r
22 3/e
*119
5%
26%
253/4
32 Va
500
40%
,
122
62%
95%
•
"22%
14% Y;Y
■-.Y
3%
3V*
:
♦101
;
*213/4
122
*90 V*
190
Y/:,
128%
10%
50
121%
YY-YY
20%
40%
92%
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121%^21%,v
.
.
12%
125%
1
73
•
■
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:
■'
10%
107%
:YY.;61%
15
14V»
:
22 i*. Y
-
Y 25%
8 per share
800
8,000
35
49%
,
122
•102
122
22
'
'
13.
123/4
;■
62%
•
-Yv;#122A
14s/a
121%
105
*14%
14%
Saturday
Sept. 11
12%
'11%
:
*193/4
38
•90
50
30
>
.
35
*71
20 Va V
40%
"
159
11%
35
100
600
10%
*113/4
40%
373/4
700
52%
1013/4
::
128%
Y
2,200
Y
51%
*10
•156%
*126'A
10%
50
96
22
23%
92
r
,
10%
49%
15
Y
38%
92
96
143A
5
373/4
121
122 Vi
95%
26%
38
*102
105
*119
40%
49%
121%
21%
40%
128 Y
1,400
16%
'
*121%
T
♦126V4
700
,
20%
1013/4
/
Y
v
>
103
•IOP/4
73
.
::35 Y20%
40% I
*91
20%
-16 y*
:
159 '
:;.:Y 73
•
:
xl0%
9%
Y62 > ■'
-•
126%
48»/4
300
74%,
t
100
37%
lls/a
20
1,000
♦36%
52
*156%
35 ;
1,000
'
37%
12
v;
•i'V.W-.
2,500
11%
193/4
:Y,Y-
16
Y 7%
113/4
Y'Y;-35
11% Y Y:
45
300
73/a
11%
20 v«
6,200
18%
74%
34%
20%
700
7
Y
YYY-'
18%
113/4
75%
34%
<:Y
7%
7%
52
159
7%
18
11
183/4 1
11 V»
4%
4%*
2,300
44%
*ll3/a
11% Y
<
6%
-
.
700
900
-
Y
*153/4
Y
16
*101% 102
10
f 10
10%
*156%
!
20%; 20 Ye
16%: 16 %
*101% 103
52%
159
7 Y-
7%
•177/a
:
101%
10%
4
Common
500
*77 >:;■ 79
■
Y
Y
*52
11%
92 '
103
*101
11%
"•
20%
16%
X16V4
1
13% May 17
Dee
21%
45%
7%
*36%
37 YY
*1013/4
10 Ya
*11 '
'v
73/4
20%
.
r
51%
10%
YY 37%
♦78
No par
pfd—Nopar
No par
7%
preferred
100
Green Bay A Western RR
100
Green (H L) Co Ino
1
Greenfield Tap A Die Corp—No par
Greyhound Corp (The)—
17
12'/a-
21%
11
45%
*15%
*18%
102%
'51%
*101
>
"■
120%
Great Western Sugar com
27
12
YY
Deo
20 Ya
387/a
♦84
Inc
Northern Ry
43%.
12
,
18
*10%
:
19
37
1
5
Gt
43%
•
7%
•
1
15%
7%
36
40 Va
—100
$2.25 cum conv pfd
Gt Nothern Iron Ore Prop
1
150
500.
9%
7% Y .Y-Y
7%
18
45%
'
•18%
7%
40%
*102
Y
11
7%
7%
18
Y
15%
Y19 " :Y
,
7%
20%
;
7%
11
16%
-
7%
7%
..
45
.
>
75%
5
Grayson-Roblnson Stores com
2
Y
120
2,800
,
*9%
79
11%
LOW AND
Grand Union Co (The)
July 14
15% May 21
50% May 15
/
21V4
46
Granhv Oonaol M « A P—
40
21% Mar
Deo
13%
Y;
12% Jaq
35% Aug
July
87%
Mar 27
8*%P*b
70
4% May
'
29
Feb
163%
Oct
14% Deo
p
; 21
18
;
Graham-Paige Motors
3%%
32%
23%
12% j 12%
43%
11%
,
340
90
-32
;i
*23
^
11%
37'%
101%
90
l2»/4
Y
.
7%
20%
-
37%
20
1
common
(B F)
Grant (WT)
37%
200
i,
'
y*; Y32%
*43
10 %
*
>100
90
♦77
7% Y-
*156%
9%
Co
any
37%
21%
,
♦102% 104
157
75%'
'
$5 preferred
Nopar
Goodyear Tire A Rub com-—No par
$5 preferred
No par
Gotham Hosiery
—Nopar
Jun 15
14% Sep
Sep
49%
Dec
92
43%
*14 Va
.
loo;
21 Ve
*15% >16YY:Y'
•r
•01
conv
Grange
15%
*11%
j
,18
*17%
r
.100
Brothers
Goodrich Co
May 26
99
9% Mar 16
27% Mar
V17
20
9
80
36
STOCKS
Goodall-Sanford
5% Jan
2
8% Apr 23
Feb 26
;
.
48%
No par
No par i
50
1;;
Gold A Stock Telegraph Co_
100 <
May 21
9%
*42%
12%
7%
,
■YY
7%
38 Ye
16%
4
(The) com
preferred
Goebel Brewing Co
9
31
24
90
Feb
69
Jan
16
Jan
Mar
14%
29%
&%
>18
20%
-
Nopar
Nopar
Nopar
preferred
4Va%
2
33
133
1
12%
9%
12 Va
10
com—
preferred—-p-
Glidden
14
107
12
23
12%
13.:,;
,
9%
11
11%
'
84.50 preferred
3
17% Aug
Dec
34% May
,
:f
23
*14%-
99%
13
9%
•
.
37%
46
YilYY;*35Y>
'>
Par
May 18
6
33% Jun
Dec
•
28
11
May
28
'22%
.
11 Va
100
100
Gimbel
Feu
r
9
5
,22%
" 13 v'YY
*9%
•
2i%
80
23%
;
32
•
«Y:11%
EXCHANGE
May 15
04
15% Aug 20
"l2%May
32%
46%
157
NEW YORK STOCK
121% Apr 22
24% May 17
10
8% Mar
May
6%
32 %
7%
•20Va
No par
-
3%%
94% Mar 11 :Y 103% Aug 11
88% Mar 17
47% May 20
105
96% Mar 18
Sep
9
18% Feb 11
23% Jun 14
July
Aug
13% May
o.
Y
*102% 103%
52 lA
513A
102%
*101
10%:
10%
;;
Gillette Safety Razor com,.,., No par
85 conv preference—;
Nopar
6
47% Mar 10
109
common
4Vt%
■
55% July
Mario
33
Dec
^89%
Y
.
38
share
85% Jun
Y
1
Jun
Dec
89%
7%
18
•36
-
25
Apr 26
26% Nov
Dec
89%
*31
37
■t
42%; 43
16 y4
S9Ve May 21
96% Jun
2
13
Dec
95
2,000
2,800
*11%
16
Utilities
•
49
41%
12
Public
Highest
21
99%
3,900
10%
.13
18
Y
11%
No par
Nopar
1 Y
com
Gen Tire A Rubber Co com
82% May 19
Lowest
36%
124
30 >/4
10%
•78
40
preferred
oonv preferred
Range since Jan. 1
,
$ per share
7
6
90
105%
5% May
104% Jun
291/4
10%
■
Highest
17% May
85
Deo
22% Dec
61% May
8
101% May 22
72% Jan 23
Dec
12
July
Aug 11
88
Feb
23% May
31% Jan
130
Feb
Jan
88
$ per share
29%
10%
Y
7Ys
•
:
7%
Corp—.
5
com..
No par
6% preferred
100 ;
Gen Realty A Utilities——.—10c
General Refractories——No par
General Shoe Corp
—1
Gen Steel Castings $6 pfd__No par
General Telephone Corp
20
Gen Tims Instr Corp com—No par
4%% preferred
.
,——100 3
Jun 17
108
Range for Previous
Year 1947 YYY
29%
10%
20%,21»/4
18
Gen Railway Signal
May. 18
30
Dec
Lowest
30%
10%
80
46 y2
Precision Equip Corp—No par
Gen Public Service
——lOo
V- 29% May 18
2
22
Nov
-S
Y
;
11
Apr
>40% Feb
106
21% May
29>
13
110% Feb
Jan
15%
X29%
11%
>15%
Gen
128% Jan 29
Sep 15
4% Mar 11 ,Y <6% May 24
22% Feb 11
30% Jun 14
29% Oct
♦14%
30%
Y..-,i27;Y: 127
Gen Outdoor Advertising.
General Portland Cement Co-
120
6% Feb
(
;
Y
14%
21
No par
preferred—
Preferred. 83.75 series
Y: 15% Jun 24
31%
.
170
10%
42%
—100
85
22% July 15
1.800
"• 22%■■■■■'"'23 Y,.v<
,
9%
'; >11%
com—No par
General Motors Corp
1
99% Jun 141
May
2% May
i
50
1.66%
3%%
3
17% Jun 10
11
Dee
5%
Mills
200
14%
141%
13%
7'A
1Y'
com
General Instrument Corp
18% May 27
Y
4% May 21
11%
Inc
conv
General Foods Corp
83.50 preferred
Jun 24
65
.
12% Mar 17
Oct,
:Jun.
125% Jun
93% Feb 17
Feb
Wood Industries
General
31%
141/4
31%
14%
Y 31%
,23
Yp:i:i8;Y:
7% preferred
General Electric Co-
50% May 15
128% Jun
2
9
"i:-,
——-
General Cigar Co Inc
13% Jun 17
40% Feb 1*
19
5
5
50
Jan 28
24 Y Jan
99%
•31 >/«
500
31%
Y
33*
Y-YY:>7'YY
General Cable Corp com——No par
4% 1st preferred
100
4% conv 2nd preferred
60
21
44% July lS
99%
31%
99%
2,600
Y
YY
g
$4.25 pfd series A——No par
3
101
32%
General Baking Co common—I
$8 preferred
—
No par
General Bronse Corp
S
July 14
<
99%
14% ; 14%
101
'
15
144
107% Sep
10% Jan
84
Apr
2,800
100
99
11%
,700
33%
33%
90
20%
*78
19 %
32%
18%
33
99
42% 1
,.*19 %
18%
37%
9%
56%
33%
89%
«13
46 Va
104 l/a
561/4
18yB
99
*23
46%
,
14%
;
90
100
600
1,300
*103 Va
33
36%
Y
46
18%
10%
x32%
$4.50 preferred
.—100
General Amer Transportation.
5
May 12
11% July 13
159
Jun
1
104%
29%
General American Investors com—1
63% May 15
63%
.320
,
22%
32
99
No par
106
■
63%
56%
14%
100
preferredGaylord Container Corp
30
19% Aug 11
126 % 8ep 10
31% Mar 11
Feb
120%
105% Jun
•
Apr 22
34% Mar 10
Aug
84% July
131% Feb
13
62%
45%
29%
35
Co
4%%
,
62%,
■103%
15
89%
14
Gar
May 20
26% May 4
18% May 15
73
YY 16% Mar
43
45
9% Feb li
45% Jan
:
5
1
9% Mar 17
83% July
47% Feb
/
Dec
Jan
18% Feb 13
14% Feb
i
137
Y
9% May 20
SO
Deo
8.
Feb
Feb
109
Dee
9% Oct
148% Deo
13
18
23
'
Gardner-Denver Co
,
Jan
5
12
Aug 19
43% Aug 19
17 % July 21
23% Jun 16
22%
45%
10%
•97
preferred
♦22%*
22%
104%
57%
14%
x35
97
22%
33
100
10
97
96%
22%
56%
19 V4
•31%
,.r7Qd
400
2,600
22%
45%
14%
10%
8ya
28%
62%
*56%
31
100
♦8%
28%
/
96
.
18%
■
4.500
23%'
,
32%
18%
29%
8%
*103%
>103% 104%
\ 57
57
'33%
•14%
(The)
Gair Co Ino (Robert) com.
6% preferred.
Gamble-Skogmo, Inc com
5% conv preferred—
Gamewell Co (The)
f20
43% Feb
23% Deo
Apr
2101
Gabriel
5% Feb 11
Feb
9%
■
14% May
10% May
100
Nov
,
18
22% Dec
4% July
26% Aug
10% May 21
10% May 22
7% Sep
Jan
21
46
;
57
1
4
y
18% Jun
45%
46%
104%
;
15
22%
62%
10
84
:p-8% Iter 16
62%
101
Fruehauf Trailer Co common——1
17% Feb
62%
14%
5
•% Deo
8% May
62
Franklin
cam
96%
96%
■,
31
Francisco
4ft
96%
96%
•22%
♦100
12% May 18
Aug
28%
*8V4
29
•22%
33
24% Jan
77% Mar 29
28%
9
29
•22%
18%
12
103% Mar
29
♦&%
28%
"
22%
57
18
Dec
77
18
22% Y
46
prior preferred—.
:
-26
8ugar Co——No par
Stores Corp—
1
Freeport Sulphur Co—
r__10
Froedtert Grain A Malting Co Inc-1
17 YY 18% May 21
10
9
May 15
35% Feb 13
47% Jun
l
8% Aug
*17%
22%
•103%
8%
12% Sep
18
9
•17%
•8%
23
62
3% % cum preferred100
Foster-Wneeibi uorp comrnuu—
±0
38%May.2i.
18
96%
.
No par
Corp
Food Machinery Corp (new).
3%* com cof»v pfrt
24% Fen 27
25% Jan
12% May
24
Steel
•17%
8%
.7%
Food Fair Btore* Inc
Jun 21
89% Sep
.23% May
HoHambee
12% May 24
47% Jun 14
18
Shares
38%
•17%
22%
JtVopar
Florida Power Corp.
Florshelm Shoe class A
*37%
28'A
96%
No par
Florence Stove Co.
14%
38%
:
•22
-10
Stores—
14%
*37%
14%
•22%
(The) Carpet Co
No par
KUntkote Co (The) common—No par
84 preferred—
No par
May 27
Feb
.*32% Dec
CLOSED
6
1
—.—100
preferred—.
National
14%
38%
17%
27%
Firth
36% May 26
<15% Jun .24
21% Jan
6
33
19% May
First
t
Co
14%
•38
14%
"
convertible preferred—100
4%%
59% July 12
20% Aug
9
42% Jun 14
Feb 26
99
4%%
Felt as Tarrant Mfg
Ferro Enamel Corp
9
the Week
$ per share
39
8%
EXCHANGE
Firestone Tire & Rubber com..—, 28
107% Jun
A3
62%
STOCK
No par
Federated Dept Stores com—_No par
14%
Sales for
Sept. If
$ per share
•38
14%
17%
99% Jun
107% Aug
Sep
Federal Motor Truck
:
*
Friday
Sept. 16
$ per share
39
14%
•37
2
1
Thursday
Sept. 15
$ per shard
8 per share
i
Mining
Federal
24% Sep
26% Jun
10
Feb
61
3
63% Feb 28
69% Feb
,
9 Y
Jun
Wednesday
Tuesday
Sept. 14
Y; Sept. 13
Sper share
Par
18% Mar 17
26% Jan
?
43
11
Feb
26%
r
20% May
46% May
42% Jun
104
;Y
Oorp
A Smelting Co
Federal-Mogul Oorp
12% May 18
31% May 14
6% May *"
Apr
97% Deo
19
20
■'
;.
.
Fedders-Quigan
20% May 22
16%
Sept. 11
Y '
•
•
Monday
Saturday
EXCHANGE
_
Deo
aife
NEW YORK STOCK
Y
Highest
$ per share
LOW AND HIGH SALE PRICES
.STOCKS
:
Range since Jan. 1
'
Lowest
■■
i
24
149
28%
;•
'
•
:•
\
(UW
20
ititj
UUMM&'KCIAL.
NEW
Range for Previous
Range since Jan. 1
Lowest
Highest
t per share
$ per share
6
10%
Dec
Feb
6
Apr
69
9%
Dec
22
11
Jan
11
14
27
91 •' Jun
13
23
42
Apr
78
42%
Feb
195
Dec
July
85% Jan
49 %
Nov
68
165
51% Feb
9
62
-7
153
22%
14'/a May
10
140
Feb
Sep
63
Feb
46
Dec
50 Va
134
Mar
121
118
20
Dec
38
Oct
29%
134
9
21'
26% Aug 17
Sep
Sep
114
Jan
29%
Sep
Mar
Feb
21
Mar 22
Feb
-4
18% Mar
79
10%
14%
Jun
Dec
9
Sep
17
10% Apr
7%
27% Jan
8%
14% Jan
19
preferred-
Chemical
3 Va %
Hilton
Hotels
1
Hires
213/< May
31%
Jan
21% Feb
29% May 20
16% May 17
20 %
Oct
25
Jan
30
12% Sep
15 % FeD
14
30% Jun
<32% Sep
17
42% Feb 24
35% Jun .1
18% Jun
0
Nov
9
26% Feb
11
13Yt May.
19%
Feb
Dec
56
Feb
36
Feb
27
46% Jan
28 Va
Jan
36
Oct
29% Feb
lb
34% Jan
2
85
Dec
105%
Sep
•85
Aug 17
94% Jun
37 % May
45'/a
Jun
.38
Mar 12
46
28%
Dec
.16%
20%
Jan
Feb
29
Dec
31% May
20% Feb
11
18% Aug 11
Jan 31
38% Mar
33
38% Jun
7%
May
,7% May
33
Feb
13% Mar
t
43%
May
12'/a May
15% May
21%
14% Mar 17
22% Jun
14
Oct
3% May
7%
,13
Feb
17
19
Apr
MAr 16
«5
3:
*12% Sep
9
>8
14% Jun
May
>37% May
64%
*15
16
16
16
*28
28 Va
28%
28%
'93
•
Jan
.97
15
Jan
26%
Dec
12%
fAug
lT%
7% May
*21
95% Mar 14
24% Jan
Dec
26% Aug 11
0% Feb 11
22% Jun
*11%
12%
*11 /;
*11
12%
25% JQn
0
30% .Jan
Jan
17
July
50
Dec
169
180%
Dec
33
Apr
12% May
6'/a Sep
i/'f
42
'
Feb
150
'
Oct
-
17%
Nov
8%
27 Va
25%
3
"bee
May
,
Aug 11
Feb
7.
10
34% Mar 10
Feb
6% Feb
Mar
108
33%
34
29 V,
29%
14
14
36
363,4
.
.
*30%
17% Sep
*93
Sep
Feb
11
14
10
2% Mar 10
76% Jun
160
Dec
18~6~%
'Jan
Rayon—
'
8
4
May
10%
Va %
11
10
t154%>JM1 14
Int'l
Business
tx34% Jun 11
Int'l
Harvester
22 % May
76
Dec
3%
34'/a
23% Feb
96
Dec
Oct
Jan
74
Dec
25%
5%
36%
137
Feb
11
Feb
9
.
1%
Int'l
24
38% Jun
93
Jun
'9
3
5% May 20
Feb
247/a Mar 16
Dec
135
Jan
2
59%
Oct
Sep
*86
Feb
28
Feb
9% Sep
84% Sep
'52% Jan
24
42% Mar 17
33% Jun
.
99
May
16
Dec
116
Apr
58%
Feb
37%
Jan
45
Dec
39% Mar 16
45
40 %
May
63%
Oct
43
13
17
Mar 12
64
Jun
<
Feb
11% Feb
11
16% Jun 24
17%
Feb
11% Feb
11
16 Va Jun
Mar
19
Apr
26%
Feb
17% Mar
May
27%
Oct
4
22% Mar
29% Feb
Aug
9
1
18
137% Jan 26
35
Mar 31
24
30%
6%
*
13%
Dec
53
Dec
37
Feb
24% July
104%
39% May
89
104%
$ per share
&
Chemical
6% Aug 11
0
,19% Jan
82
May 15
10
?May27>
23% Jun 14
92 Va Jan
30
18
48
May 28
92
13
99
International
33% Sep
14
42% Jun
108%
Dec
125%
Oct
100 Va Feb
11
113% Jun
24%
Sep
34% July
20% Feb
19
98
Dec
112
Jan
100
Feb
10
145
106
Dec
151
Dec
145
Jan
29
158
27% May
86% Dec
39
Feb
94
29% Mar 16
83% Feb
6
31% Feb
■
11
.
11
31%
19%
*18%
19%
•18%
19%
*18%
19%
*18%
39%
39%
39%
A4%
39%
4V»
rio%
May
May 21
.Jun
11
37% July 14
93% Apr 10
43% Jun
1
Feb
14
Feb
11
21
90
Feb
17
98
29%
47% May
13% May
Dec
23%' Feb
11
58% July
48% Mar 12
18
Nov
14% Mar 17
20% May
13% Jan
26%
Feb
20% Feb
21%
Oct
17
41 % May
52 Va
'
Feb
42% Feb
43% Sep
39
Apr
21%
10 V*
•'•*9%
43%
43%
43%
16%
10%
13 Va
--3V4
12%
17
13 Va
-
;
49%
Feb
4%
*9%
10%
*9V,
10 Va
43%
43%
43%
43 5,a
2,500
17 Va
17%
17%
17%
4.200
13%
*13%-
'
3 V,
3%
12%
12%
34%
34%
343/4
?34%
38%
-537%
383/s
17
*
13
>
13%
38-,.
3'/4
.
1.700
100
13%
1,200
3%
3,300
12%
3%
3%
12%
12%
800
;
*12%
*
23%
11% .11 Va
35 S
*85
87
97%
*95
33 3/4
*32%
.'.26%
26%.
♦10,
10%
>
*10%
10%
*23%
23%
23%
68%
69
*68
69
156
.43%
44
18%
69
>
*152Va
'
>
Va'-:
156
43%
18%
*7%
17% '•18 »-'■
93
*93
94%,
*
:
•
44%
>
18%
y7%: •,<• 7%
*11
-
152 Va
2%
1434
2Va 'r
:
,
17 y»L
94%
144%
r*l44>
J
,<>: >'
7%
.27%
146 Va
t-H 27%
28 Va J :•
164%
63a
•:>'
/
27V4
:.v
*142
<
28% > >
<163%
146 Va
27 Va U 28 V
*93
283/a
145
V*7
>
x27%
80
33/4
*76
61
•
3% *>>> *3%
*78
•
33/4
*78%
30%
*95
No par
*60
3%
42
*34'/a
.V
13
'
13
21 Va
*28%
61%
*60%
■
61%
12 Va
13%
12%
13 Va
*29
*20%
30
34 7 8
35
.
145
13
*21%
58%
35%
.
35
*140
145
.' /» ' '
LOW
Saturday
v
Jacobs
■
.
',•:■;
Par
(F X) Co..1
Jaeger Machine Co common—No par
Jersey Cent Pwr & Lt 4% pfd—100
Jewel
Tea
3%%
Co
Inc
com_—No par
cumulative
S per share
$ per share
per
preferred
20
.>w
:<
>>500
<
500
n
*34% >35%
1234
12%
12,400
i
13
?123ii
13%
>x 2,000
21%
*21Va
21%
400
35>
*29%
100
30'/a
35
*34%
.
145
♦140
1,100
.'■V
■
145
STOCK
6%
6%
6%
207/a
20 7/8
*203,8
CLOSED
82%
82Va
>°
5%
preferred series A
36
Feb
13
60
18
20
51
Apr
46
Aug 18
24
11
21
19
8
25
May
38 Vs
Oct
90
Dec
102 %
Aug
90 %
Aug 16
34
Jan
40
Oct
32
Feb
13
45
Jun
59
Feb
45% Feb
16
40%
Apr
62%
Oct
41
13
For footnotes see
page 26.
Jun
9
11 Va Feb
Feb
.
13
92% Feb
29% Feb
Kansas City
4%
Southern
non-cum
—J
—
33%
103
11
May 24
104% July 14
14 Va Jun
2
75
Jan
2
36% May 27
95% July 15
39% Jun ; 3
58 Va July
8
47 Va May 18
Class
preferred.—'
34 y2
*86
conv
10
*
5
class A—1
l
Keystone Steel & Wire Co„_No
par
Kimberly-Clark
Corp com.^.No par
2nd preferred
100
(G R) Co
$5 prior
45
44%
*44%
45
94
94
*92
;:.;>
44%
*92
33 Vs
104'/a
33 Va
103
-
for.
Shares
30 %
*100%
101%
160
*155
160
34 Va
35 Va
35%
86
86
34%
34%
*85
■:
-
35
1.
>
1,500
•••••
100
70
*44%
45
400
*91
34%
84
94
10
34%
34/
*103
"
8,600
107%
30 Va
200
30%
30%
101%
V
35
7
21%
84
107 Va
30%
*100%
101%
*100%
160
*155
*
101%
*155
160
31
.29 Va
*155
35%
34
*6%
*20%
>94
*103
34'/a
103
*100%
'
'
>
84
87
34%
Koppers Co Inc
1
common
preferred^
common
Cumulative preferred 4%
Kresge (S S) Co
Kress (S H) & Co.
Kroger Co 'The)
•15
No par
.J
10
ser__100
1
10
15 Va
*92 Va
95
42
100
B
conv
160
*20%
*83
33%
101%
100
Copper——
No par
Kern County Land Co——.
5
4%
Sales
the Week
$ per share
>>'/ 7
21 Va
21%.
84
*102Va
s
>29%
1
Kennecott
Kinney
34 Va
29
-
7
6%
*20 Va
*82'3
94
103
,*155
-6%:
•€%
21%
83 /
44Va,
.
94%
>*100
No par
com
Kelsey Hayes Wheel
Feb
Mar
preferred
Kayser (Julius) & Co—
Feb
63
3.8%
July 13
116%
Jan
May 11
46% July 13
•60 Va Jun 22
Friday
Sept. 17
$ per share
share
35%
35%
*85
87
35%
35%
30
-
35%
35%
87
*85
35%
2,600
•
35%
6,600
87
35
100
35%
2,300
K'|!
Kalamazoo Stove & Furniture.
Kansas City Power & Lt Co—
May 22
Feb
85
May 20
$ per
83
44
;
•93
I—100
•
>
44
pa.*
•'
share
15%
95
;
42%
*55%
15 Va
' /
42%
56%
*55
.
95
15%
;
^
43
56 Va
.
95%
43%
*55%
.
15%
15%
95%
42
.
♦94
42%
58
*55%
15%
'
15%
15%
*94
96
42%
Va
1,100
'
96
42%
58
15
*55
20
42%
1,900
58
■
15 Va
15 Va
15 Va
15%
15%
15%
x23 Va
23%
*23%
23%
*23%
24 Va
23%
23%
*23%
23%
*18%
19 V*
*
19%
*19
19 Va
*18%
19%
>7 18%
18%
200
55%
55%
14,200
44%
44 7 s'
600
44
300
21
2,600
18 %
7
16
56
57 Vs
55%
56%
55%
57 Vs
55%
44
44
44
44
44
44 Va
*44 Vs
56 V8
44%
43 Va
43%
44
43%
43%
*43%
44
21 Va
21 Va
16
*94
21%
97
12%
*66
■«.'
12% 34%
,
34%
"
35%
No par
54
No par
44%
-
921/a
35%
-
•
96%
*95%
*13
13%
65 Va
65%
*66%
68
34'%
34%
92 V4
92 Va
>
:
93
,.34%
34%
35%
53 Va
54
44 Va
44
>•>;
Va
35%
*53%
43%
35%
1,600
500
•
96
13%
66
35%
54
44%
65 %
34%
•
20%
13
68
*66
•43%
96%
97
13
16
20%
21 Va
*94
12%
12%
94
•
21
97
*94
•
:'*■
68
34 Va
•93
*43 Va
»;
*13
•
92
:tf 35%
21
34 Va
-
92%
>
*92 %
35%
35%
54
53%
53%
*53%
43 Va
43%
44
30
300
.V..
34 Va
50
2,100
94
130
35%*
2,100
*
44
Va
II
—'./
v
common—'',12%
Joy Manufacturing Co
Thursday
Sept. 16
Sept. 15
:k':.
53%
PRICES
Wednesday-
Tuesday
EXCHANGE
100
4% 2nd preferred series A
100
Joliet & Chicago RR
stamped
100
Jones & Laughlin Steel com—No
SALE
Sept. \\
Corp Com—JLNo par
preferredi
—j
100
Johnson & Johnson
HIGH
Monday
Sept.18
Johns Manville
3%%
AND
rfiept. It
EXCHANGE
U
700 ;>
.
413/4 >42
59
293i >29%
30%
35'/a
*140
300
*60 'i
35%
133/a
96
-
>
340
3,900
9%
*34%
21%
SO
61%
>
16.000
>
,
84 V8
35 V»
13
31 Va
58%
*9 Va
13'/a
*140
>
:
'
100
800
•
136
53 Va
42
41%
21%
3%
30%
■
t
-82%
3%
;
84 Va
*34%
13 Va
3.900
85 Va
36%
:,21Va
28
9%
.
42
59
2,300
136
60
13
34%
145
7 96
93
7*9%
*84 ^:
<
'
7
*78 %
58%
*41%
-
7
990
'
31%
85%
&
*60%
>
V,
*21
30
34%
*140
97
9% %■ 9%
>
13,700
27%
136
58 Va
*59
42
13
21 Va
*96
*84
61%
*34%
>
30Ta
136
58%
v
59
59
13
58
9Va
85 Va
*41Va
:.c
<
97 h
♦
<:
*60%
•
36%
12%
60o
*96
59
31%
136
•.
•
58 Vo
,'C<:9%
*84
62
*41%
w
':
,
.
9%
136
136
57%
85
> 59
;
•
—.
97
9%
30Va
31%
136
57%
> 85
No par
30%
136%
57 Vi
—100
.
31
136
13
700
28 «/4
164%
7
82 Va
03 Va
3%
4.100
145
26" r-
28
3%
40
400
•••;!»
-
163%
•
60
300
1,300
2%
15
145'
7 '/a
29
3,700 /?:
'
-
94%
14%
28%
7
3,600
>
8
2% >
'/•
164%
83
28%
*93
•
v
'27%
164%
Va
18 Va
2%
,1 145
V;#|/900
7
43
5i>*7%? 7;
14 V8
a
>'"■
7
:
2%
600
>19
94%
14 3 i
-'
1,200
■
156
43%
500
1,200
/' 769
18 Va
•
164%
164 Va
■
6 7/a
,
14 Va
46
*152%
>•
7%'
18%
2%
14%
'•
,46
69
156 >
7%
*2%
2% >
*11
n
> 18% '..18%
8
94%
V/-,14 Vi -.14%
•
■>*44v:. f.41;-
19 >,„•
,17Va
'
11%
«
23% 1
11%
23%
23%
4G3/4~
'
•
10
10%
•10
*45%
•
27%
10
21,300
27 Va
12
*152Va
65/a
700
33VZ
"4 >26%
46%
18
164
95
^
26%
"26%
•11
19 Vi
144%
7,200
95
.
.45%'
156
163%
333^
.
46%
'-43.%'.
x27%
2,300
38
87
97% V
t95?
•
...v.V68Va
*2%
34%
37 %
>
■
';:..'xx%<ai%.>'
■
8
33%
,*84%
:•
38% I.
85,
% *45%
46%
•
% 1
•
9%
61
:
•32%-
*9597%' ;•
f .*32% r 33%.>..
;
26% V26Vj,-.>.
'•>-''9%. -'16*23Vav.23%
26%
:
-85-
.
33
r»,»14 %
loo
com.;
$6 preferred-.—I,.....—
97% ;
-
'
•
26 Vs
19
*4Va
"13%
-85-f v'85'i»v>-
93
5
preferred
—23
International Telep & Teleg—No
par
.Foreign share-ctfs
No par
Interstate Dept Stores.
..-.No par
22% July 12
Feb
20
1,200
4%
3%
"
40
4%
17%
13s,a
19
40/;':
40
>2,800
*44 y.
H14
■
40
4 V,
10%
.
12%
34%
87
*173/4
No par
10
27%
Jun
34%
*73/a
common—^„23
20
Dec
11% May
05 Va
40
•4 V,
10 Va
18%
„No par
18
Dec
103
•
Jan
140
4434
30 'a
43
7 %
»9
33% Jun 10
108% Mar
Dec,
16
/■>;
.87
44%
.
f
Shoe—
•
22%
300
87
433/4
*152 Va
.
Jun
88
» 1,500
31%
66
100
>>'vV:->
International Silver
May 11
Feb
Oct
14
1,200
>30%
30
43%
46%
par
com
International Salt
$ per share
39% Feb
Oct
"V
:
30%
>23'/a
NEW YORK STOCK
Sep
Feb
o
__——
preferred
«
Jan
40%
1,000
36%
31%
377/a
v
No par
common-^.—No par
STOCKS
Feb
101%
*87
v
;
v
14
'
36%
;
44
9%
*.No par
N
Minerals
:
Highest
46%
Jan
88
6,900
,
30%
137a
"
'37%
30%
30T/4
303/8
*87
;■>
30 Va
13% /14
*363/s
31%
•-26
l
Island Creek Coal common
Jun
25%
Rubber
Intertype Corp-
Lowest
$ per share
Dec
-
6,200
■
33%
43%,
33.^
Machine
39% May 20
Range since Jan. 1
Highest
Jun
19%
80%
24 Va
32%
■'
Year 1947
$ per share
:
88
*83*
__100
-
May 25
12 Va
24 %
45
Hydro-Electric Sys class A__25
Range for Previous
Lowest
30%
-37% v-38^;<
No par
26% May 27
35% Jun 14
145
*11%
> '
31%
34%
.
Int'l Rys of Cent Amer com__No
par
5%
preferred-—
2,
30
158
14
vi
-
par
—
$4
1*»
Jan
17%
Jan
*29%
30%
37
HJ
—*—100
—
International, Paper Co
14
May 20
107% Jan 29
Feb
20
143%
30%
.
14
16%
Int'l Nickel of Canada com__No par
Preferred
%
65% July 1?
Feb
40
9% May
33%
30%
700
44%
•
July 22
9
9% May
25%
23 Va
*36
43%
>>4% -.preferred—100
International Mining Corp
1
139% July ,2
64% Jun '.1
*46%
Jun
12%
24%
600
600
30%'
4 Va
10o
—•
—
-
preferred
Int'l
15
104
32
*11%
25%
-
16
»27
44% 1
5
Interlake Iron
11
0% Jun
3% Mar 16
107%
Dec
12%
34
•
25 Va
*9 V4
De Mex, 8 A—
*
130% July
38% May
94%
174% Jun
50
1,800
.
27 Va
16
27%
39%
common—No par
Intercontinental
1
5% Feb 11
16
*18%
A.100
ser
preferred
3% May 18
16% May 24
Feb
-79%
31 Va
•
Inspiration Consol Copper—i— 20
Insuranshares Ctfs Inc..
——•
1
Interchemical, Corp com—i—*
I
X27% Sep 13
161% Mar 31
Jun
6
16
,.>27%
37%
30%
88 >
89
>95
Electrica
6%
preferred
Inland Steel Co
23% May 15.
103
common-*.
pfd
conv
Ingersoll-Rand
25
Jun
79
•• -
Indianapolis- Power & Lights-No
46% July 14
*21% May 27
8% May 24
700
•
1??% x-y*
i-V.v'
_.•m
Industrla
11
100
23 Va
.
27%
14%
.
•36
-3V4
~
Industrial
3.
•11 % Feb
15% July
163
79
223i
22%
23%
•75'/a
*21%
22%
*23
16 Va
"333/a
293%
-
'
14
;
31
*87%
100
Illinois Terminal RR Co
% Jan 28
,Jun
non-cum
125 % Feb
9% May
16
26
34 '/a
29%
<
RR stock ctfs series A—-a—1000
Illinois Power Co common—-No par
May 26
,
♦15% Feb .11
•
100%
30
.11% Sep 14
Feb 10
*39
66
;
*21 %
23%
no
•
26 Va
34
Leased 'lines 4%
.3
20% Feb 17
;
22
500
-
i
6%
97%-May 17>
37% July 12
Dec
*35Vi May
22
x27%
12%
Illinois Central RR Co
July 13
10
»
•
116 %
10%
13%
42%-July 14,
•
27
-
116 Vs
31%
12%
27% Mar 14
90
200
2,400
10%
>•3%
Idaho Poiw* ft a.
11
i
,
v
31 %
1
35% Jun 24
62% Feb
27
118
V4
10%
—
30% Apr 27
Dec
400
48
125
27
117%
80
23%
*76
43
125
126
27
-
V.";-••>-:>>>)•: '•
39% Aug
32% Dec
18% May
*21 Va
23%
80
-::
27
118%
16
*15%
48%
•125
32
———.,6.66%
,
-30
'
27
II8V2
22
23%
*76
'
•
,!>'
27
117%
48%
-
*10%
%■
'#1 V-i<:f i».-• -
*15% V 16%
49%
126
*31%
Refrigerator Co—-No par
/;>>■ > •>■«;:/ >/y>> -V
•
59%
10%
Hussraan
v;
50
143
31%
-
Corp-.;
59%
*140
107/a
——1
Hupp
16
60
143
•31V*
100
Hudson Bay Min & Sm Ltd—TNo
par
Hudson Motor Car—
No par
Hunt Foods Inc
May 17
Sep
-
*59%
10 Va
303/4
Howe Sound Co
3
390
*140 :
16%
49
5
Hudson «fc Manhattan commoh
8% non-cum preferred,.—
25
100
31 Va
> 433/4
6
45% Jun
*99
10%
25
9
14% May
99
31%
XJo par
7
5
400
89%
10 34
c__'
Mar
20
,:38
31%
Ho par
—
*37
10%
conv
Jun
34% Jan
Jan
>
13
<16%
*125
5
Jun
200
"
*88
37
31%
,—10
23
,V-
89%
37
5
(A)-
com
3,600
23 V<
23V<
;;
2,500
9%
"22%
;
99
143
1
47
i 7'
V9% Apr
Feb
30
4 % Sep
;
>:
•»
126
22
80
v
.—
'
3
16%
49 Va
49
*125
;
23
Howard Stores Corp
10
•/V:,
f
22%
23
Houston Light & Power
Houston Oil of Texas v t
22
;
*22
*76
preferred
50
Household Finance com—No par
3%%
preferred_.i—
100
7
Jun
1,500
9%
10
Holly Sugar Corp
$2.25
*15%
,
48%
126
*26 3i
(Del)-.*
Houdaille-Hershey
15%
15%
48%
Homestake Mining
—12.50
Hooker Electrochemical Co—
5
1*
>13% Aug 25
69
22%
23%
*88
>
59%
♦140
9%
23
23%
89
59 Va
59%.;
117%
The
Hollander <fc Sons
28
44
E)
Furnace
'
"
*125
119
Hlnde & Dauch Paper Co—
2
Jan
24
*23%
143
*140
•21
,,
Jun
25% Jan
Holland
*59 V4
143
1
Corp.
28
(C
60
■
100
13% Aug 13
Co
*59
119
-
Dec
May
99 Va
*99
300
y'i 'V* ■'
'
1
5
Corp
Nov
17
x98%
22%
37
*26%
preferred
cum
33
35 Va
89
x37
No par
*29 Vs
5
89%
37%
No par
com
preference
Hewltt*Roblns
Inc
Jun
14 % May
*23%
*37
100
*140
100
conv
Heyden
*98%
6%
*5%
*65
-
*89
100
>Shares
IC 7%
8 ;
9%.
22%
89%
24
.6%
69
for
Sales
the Week
share
per
'
v*7%
9%
-.x22%;
'
*5%
*65
..
24 ?
37
Nq par
Apr
37
6
8,
9%
9^4,22% /
Friday
Sept. 17
$ per share
69
7%
r.
37
*89
No par
Motors
Powder common-
26
1
1
6
•65
&%.
22%
Thursday
Sept. 16
$ per share
;
■
4;'jr-4
69
9 Va
•...
PRICES
Wednesday
Sept. 15
6
-
c8
9%
*23%
100
22'/a
Mar
6
*65
-
~
SALE
>
>,
t per share
j
22%
100
25
preferred-—
34
2
?
6
9%
CLQ3ED
15
W.
8%
"22%
EXCHANGE
25
common
Hershey Chocolate
2
STOCK
Sept. 14
69
8%
1
100
preferred
non-cum
Hercules
28% May 20
86% Jun 25
i
,
3
—5
common
Hercules
30% Apr 10
123% July 27
"5%
*65
:»
HIGH
AND
Tuesday
-
;
'
i
22% May 21
57 y4 Apr
0S
2
128% Feb
>•'
••>>.'«
\
1
1
preferred
(H J) Co common
3.65%
cum
Helme (O W)
July 16
Jun
Co
S per share
100
3%%
Heine
.2
May 28
•14% Feb
Jan
126
103
Hecnt
■>
25
Jan
Jan
Jan
Dec
-
f per share
LOW
Par
Hazel-Atlas Glass Co
27% July 1?
Jan
Jan
103%
'
•
—
5
35 % Apr
30%
Dec
May
140 %
26 Va Jan
-21% Feb
May
35
108
* Jan j 5
10% Jun 11
11% Jun 10
•
Sept. 13
-
Hat Corp of Amer class A_
4%* preferred
Hayes Industries Inc
Hayes Mfg Corp
:4
70
,
Mar 10
*20
>90
.
,7% Jun
•<'
;
Monday-
Sept.. II
:
»■
,•
Monday, September 20,1948
RECORD
Saturday
'»
*
STOCK
YORK
UHKUiNlCLE
STOCK
EXCHANGE
,,
S per share
5
Aug 25
6% Feb
Oct
35%
4»/« May
26
Aug
6% Feb
Feb
12
May
NEW
Highest
•_
$ per share
100%
t»Va Ma/
75 Va
YORK
STOCKS
Year 194:
Lowest
& ;Jbli\ AiNUlAL,
53%
44%
>
900
1,100
■t:
STOCKS
Range for Previous
y '
i
Range since Jan. 1
V"; 1.' Year 19+7
Lowest
y - .-Highest
%?'•
{
COMMERCIAL & FINANCIAL
THE
Number 4735
Volume; 168
;
\
4 per share
share.
s$ per
Lowest
per
NEW
t
.Highest
r
'4 per share
share
Saturday
r,
r
' V.I; V;-" t
.Monday
.
Sept. 14
-tr-
&
4% May
% 9
Dec
10
Jan
14%
Jun
?;
Laclede
6% May 15;
Apr
A
<
12:
.
Oas
Light Co
La Qonsolld %%
•
24
12
9% Mar 12
Feb
.
11
7% Aug 25
18% Aug
Feb
56
May
49
t
J*u
vf -44
Dec j,
.
30%
4% Feb
r^-Feb-■
34
Mar 24
Lambert
Lane
14% May is 1v...
Co
*
;(The)__4
43
«~38
56% Peb
May
21 % May
1
95
Bryant- common
'
27
Sep
14
10
Feb
11.
Feb
Jun
44%
•8%
-5%
V
25%
1
Jun
ld%
-
Feb
24
Dec
•
17
41% Feb
£. 46% May
1
8
!
x48
31% Mar 16
37
4
i
Dep
55% Mar 16
Dec
30%
Jan
17
Sep -15,
77% Sfep
2
:
Feb
13% Jan
27
* Feb
15% Feb
28%
Oct
19% Feb
27
Jan
18
Jan
141
9
24% Jun
28
21%
Lima-Hamilton
:
Link
Beit
Lion
Oil
''
Lockheed
Loew's
20% May 21
68% Jun - 4
Lone
•
•
137% Pec
472
"
Peb 49
jari
23% Sep
''
Dec
53
J6
10
30% July 15
22
10
-7%
50
May 15
v.i
xl0'/4
17% May
29%
Dec
'20
Oct
Feb
92
101% Aug.
26% Oct
13% May
11
Lowenstein
35% May 15
,
98% July 14
>aM7
124% Jan
19% Mar 17
4%%
»
40 Vb
48%
47%
'47%
47%
9%,
•41
"
*9'/2
9%
24%
,/
24%";
*17
24%
38
16Va
145%
,
20%
27
20%
20%'
45
^-^-^50
267/b
•26%
26%
yym
-97%
*96
26%
*96;
97%
*96
-IPO
20%
20%
20'A
Steel. Co
v: •
17i/4
f■ 1,100
'-■'
n
26%
26%
20%
*23%
27
97%
*96Va
■91 Vz
97%
20%
20
I-.
1'
800
20
i
i
■f
,'900
.!
:
-•/-•-
>
5
i:.
I
1,600
>
20/
i
"1'
j
700
*
98
*20
■'
120
/;
'/
/
■i
^
Jan
93
y/30&May
99%
f 4-1%
Dec
Mar
11% May
16% Apr
15% Peb
10% Dec
1500
455;;:,:Jun
6
A
Dec
12%
Feb
32%
525
Jan
14%
May
v
9 % Feb
Aug
^-,18%
Feb
13
•
.
11
16% July
:
•
>
Mar A
*
6
-
^ -34%
Dec
*
Apr ^23
525:
10%,Sep
22% -Dec
\
3% Jan. ±
8
13% Jun
28
Dec
14
Manati
•s
15
Feb
8
Co
Sugar
4
l7
95
Sep
Jan
14;
24%
Oct
15
Aug 11
Mar 16
63 %
Jan
26%
Nov
19% Mar
35%
Nov
27% Feb
Market
16
y
•l
Dec
190
Jan
40%
39% May
47% Feb
170.
11
:
4
Corp——No par
Masonite Corpii—
——No par
k ^.MastenFSlectrfc V
I.? V'
j Mathieeon
Chemical Corp
No par
1%, preferred
100.
May Dept Stores common—
5
$3.75 -preferred
«
No par
$3.75 cum pfd 1947 *eries—No par-
-Sep
9
;
Jan 26
20
176
.
Feb
35% Mar 16
47% Apr
Feb:
84*% Mar 27
93
'
88
"Dec
85
100% Aug
97% Mar
Dec
v
.82
106
Dec?
.
I
7% May
42
84
77%
14% NoV.
Jun
60
113
Jan
35 % May
48%
38,
Jan
Apr
•
Jan
112
16
common
McCall
Corp
Lowest
■$ per share
$ per share
Feb
Feb
88iJan6:
45%
Oct
35
24
May
AG
Dec
Sep
30 Ya May
Dec
Feb
Feb
45.
44
87
Jan
'i
per
40%
20
Dec
35
35
35
27
26%
27
*26
%
27
47%
47%
47%
47%
47
:
'47
31
31%
307/a
31
307/b
McGraw-Hill
MayiS?
52% May
23"
5
1
35% May 15
5
98J/2Jun
2
18% Feb 11
24 Va Jun
9
Pub
STOCK
—No par
Co
EXCHANGE
Porcupine Minfes—i—.'—8
McKesson & Robbins Inc com.—18
Mclntyre
$4 ^preferred-
CLOSED
50
*86
27
46% May 28
20%'Feb
16
25
14% Feb
11
19% May 15
52% Feb
10
62% May 15
28
18% Jun
27
Jan
2
-
24%
Jan
73
May*;
55% May
13% May
Feb
>
19% Jan
12% Jan
i!9% Sep
_43%
May
65% sJan
Dec
83
103% Mar
95% Jun
35% May"
13
27% Jun
44% Jun
Mar 10
Feo«i
18% Mar,
13 '
Fen
11
V
48%
38% Feb ll
>
Dec
29% May
136%
45%
156
Jun
Mar
15%
10% May
6% May
129 */a Feb
14%
Feb
Jan'
9 Vt, Mar 17
43% July 19
-114% Feb'
70%
Dec
102'%
51% Apr
88
,
Dec
«
99
Dec
,7
May
15
104.,
Jan
123
28% Mar
54% Mar 11
:
.
14
;
>V98
■:
78
Jan > 2
10% Mar 16
42% Feb 11
4;
•
May
Minn
121
$4
JO
13% Feb
11
34
July 13
Jan
34% Mar 17
44
Jan
1314
Feb
23 Va
;
Sep
32
»-
63%
49 % May
110% May
Feb
.
Feb
128% Feb
24
k
Sep
15% Jun
11
15
29% July
-
Feb
,
10
122
.
105% Mar 17
49
64%
#eb.
Dec
17%
Dec:
13 f
Mar 17
May
27%
Dec.
23
9 % May
17
May
.
14%
27%
19% May
27%
17% May
25
14% May
102%
Apr
May
27%
11% Jan
Oct
6
65
May 21
27
,
18% July
'2
29% May 27
23
May 27
19
24
Jun
Oct
•
Nov 1
For footnotes see page
Feb
Mar 17
100% Mar 31
11% Feb
26.
16
40%
97%
97 Va
16
•16%
33% July
:
122
9
6
Aug 31
14% Jun
10
.*40%
41 Va
*41
^^-J>^.^--->
pf<UJ!00
M
A vtc—-No par
Moline
Impl
7%
"*
44
137%
*136
138%
*13
13%
12%
13
.11 Vz
11%
11%
/
11 Va
■
■:i?
.
-
*61;
65
'
16%
*116%
Nopar
54-
Corp
-
.
54 %
54%
•
( John )
RR
;
,f
*
<7%
28 Va
iVv
Products Corp
Mullins
41%
♦40%
97%
94
15%
16%
15%
16
50%
51 Va
50%
51%
*42%
43%
42%
42%
135%
135»/4
30
12%
25%
13
ii
25%
V
25
53 %
53
110%
l 46%
46%
93 Va
93%
64
*62%
101%
•100%
167/a
117%
53%
'
16%
-
'*116%
54
*52%
'
16%
117
55%
Nopar
-r
•
Co.^—
Mfg. Corp common
$7 preferred
Munsingwear Inc.-
1
Nopar
--8
109%
109%
55%
56%
13%
28%
29'/4
40%
41
12%
12%
24
24
f"53 V-:
24%
16%
:26%
20
26%
:
■
*18%
X27ya
27%
•114%
114%
*11%
12%
■
16%
*18%
27
114%
12
27
24%
?
T6
;
?"26%
197/s
20
•19
19%
27%
115
12
-.'
:.
27
114%
12
52%
5,600
16%
1- 117
40
/
2,200
25
52%'
.
3,800
6,900
28 '/a
23%
41
41
900
13%
900
24'A
500
*12%
24%
52'/a
.
3,200
52 Va
400
*106 '
110
*104
110
110%
109
109
*108%
109%
55%
55%
9,300
5,700
56%
X55%
'
55%
.
.
400
13%
■
13%
13%
13 Va
13%
24%
13 Va
13%
24 Va
16%
19%
20
18%
16%
108%
55 Va
56%
24%
..,-27
-
'
*109
*24
,
53
500
7%
12%
;
450
:
101'A
♦100%
7%
40%
7%
1,100
•
62%
62%
117
47
95
,
7%
29%
■
:■
.
53V«
12%
109%
200
52%
7%
108
13%
13%
♦24%
/•"
-
•7
47
♦92
51%
7%
110%
7,900
800
40%
-
1,900
'
*'
11%
28%
'
i
'
11 %
101%
"I'
530
11%
16%
13
25
-2
*108
100
/
*
"
53
109%
42..:
94
1,800
64%
'.
1
12%
64%
40%
K-i 13 ih
'
1,300
12%
92%
/•/ 53
•
200
W.
13
47
29%
39%
39%
16%
it Co—iiz—No par
j ^ Motor Wheel-Corp——
Brass
24
*135%
117%
2Ve
*108
•
Mueller
88%
*23
'•v.; 13
: ;;?? 11%
*99%
:
'
7%
28%
287/b
*39 Va
corii_i.A—Nopar
_10O-;
Motorola- Inc
Motor
62
♦87%
24%
•
71/4
preferred aeries
.Carpet Mills—
Morrell
*61
88%
13%
91%
■
117%
53%
a
60%
137
5 46%
•'
r
.
200
,
*96
12
-17/-;
16%
117%
,.
S;h, 1,200
9%
60%
..:
136%
-
•11%
101 %
*100
16%
117%
,
16%
*40%
44
13 i>>
64
.
101%
*99 Va
90
....
60
54 Va
*87%
»
52%
42 7/b
♦135
47
89%
-.*
90
89%
-'46 V2
64
47%
47 %
;
com—*-1
preferred
507/b
52%
51
*42
,
137-%
——Nopar
f
Power
43
;
300 -"...
9%
"
16%
16%
517/B
,50%
,..43
40%
.1971/2 -"97% : :
:
16'A
16%
-
—JlO
:
98
98
<
.
8
17% May 15
Jan
'9
,
22
16
19
.
40 Vs
23
—-.20
.Mojud Hosiery Co Inc—1.28 <0
Monarch Machine> Tool-—_i_No .par
Monsanto Chemical Co .com—j-^-8
$3.25 preferred, series A—No<par
/
$4 preferred series
No par f
;•» Montgomery
Ward St Co_i—No-par
S Moore-McCormack
Lines_4
-iBl :
24
19% Mar 17
Feb
Mar'
23
20% Jan
Nov.
107% Mar
15%
47% Mar 16
-
*24
Mohawk
May 15
112% Apr
Mar 17
May
15%
24 ;
;»
,5
61% May 17
49% Feb 11
102
24
24
St SS
Mo-Kan-Texa#
9% July 13
Feb
Feb
Feb
88%
•23%
conv
.Mission
25%
9
*87 V2
24
Prod
preferred
Minn
14
51%
4
•60%
88%
-24
'
$6.50
11% May
May
-61%
*87 %
pfd> series A.;
:lf)0
Min St -Mfg
Nonpar
July 14
73% Jun
>
St P
Minn
May 17
32%.May
8
*60
88%
Minn-Honeywell Regul fcom_—>
3.20%
9%
60%
com^->—Np|*T >•
ist tpfd^^*-w-jj2-}^4O0'"'r ■ ••
%
16%
9%
60 7/8
9%
9%
;
1,400
".%■
16
*52%
17%
*87 Va
-
Minneap St St Louis Ry—i._^No par
■»
3
105% Jun 17
18% July 13
111% Mar 11
'Oct
:
56% Apr 21
•
99
Dec
56% 'Oct.,
H
Peb
3% May
4: July* 21
;;;*; • 8
May 10
July 13
16
;
Steel
Midland
15
Jun 17
140
11
Jun
52%
Transp Co
No.jfar
common——^—1
Miami Copper—
/
16
52%
17% :
t
1
'
23%
23 Va
♦16%
54 V2
♦16%
9%
'61%
>Mid-Continent' Petroleum^;
48
>
12% Feb '27
Nov
66 %
'47% May
84% Dec
Mar 16
35
Nov
23%
16;
*52%
17
50
100
»',
;«
600
,;
39
*15%
-
16%
54%
600
400
:
93
*37
i
100
...
18%
18 Va
♦91%
38
23%
9%
69% May
7
18%
i
1
20
93
•38
9%
19% May 27
•
18%
*15%
•
•
Apr
*19%
22%
22%
19%
i
1,300
2,900
92
♦90
22%
17
Metropolitan Edison.3.90%
■4
90
;
i
800
31
16%
Mesta Machine Co-—..
.
104% May 25
46%
30%
54%
9%
y,
46%
31
*91%
'16
;
*22%
23%
16
26 Va
47
*15%
17
50
600
36
Xl9%
40
23%
>
*
1,000
97
35%
90
.
"
1
26 Va
;
for
Shares
share
47
19
*38
Sales
33:
*94
"
26%
*16%
^
700 r
the Week
31
*52%
v
"■/
Friday
36
93
*91%
23%
97
*52%
preferred
—No par
Merritt-Chapman St Scott
No par
30
36
94
47%
'
40
23%
90
19
93
*38
.
26%
Sept. 17
$ per
Co ;Inc—„—3%
Stores
Min
&
19
*91%
23
22%
111%
33
26%
22%
19%
"19%
19%
*18%
40
*38
$3.50 cum
15
? v?;lll%^Aug;:,;
12% May
'33
Merch
•
*110%
26%
33
*94'
'
31Va
22%
-
1st:Fteferredi^i-IIJ80 ^
b%: CtitiN
•19%
19
92
92
(1st
Merck & Co, lne
23
17% Feb
9744 Dec
1
8
9
common..'
pfd
Mercantile
63% July 13
44% Feb 11;
-
-
50% May
15
s; * •
24
>87'/BSep
Corp
4%-%
200
43
*39%
-
27%
*35Vs
97
35
*89
22%
22%
19%
19 Va
*18%
36 Vz Feb
Aug 13
»94i/4
90
*89
22%
10
Mead
Norris Mfg Go_
Mc-Quay
23% May 25
96% Jun
8
19
——1
Co
90"%
*22%
No ;par
-
Stores
No par
series)
100
4% 2nd pfd '(2nd series)
$0
Melville Shoe Cdrp——i
—-*.vl
Mengel Co (The) common—.——-1
24% Jan M,
16% Feb
80% Mar 24
.
16
10
McLellan
Feb
25% Jan I-
May
1
*95
50
800
*10%
32.%
33
X33.
33%
97%
97
Co
60
79
10%
v
4 per share
share
$ per
pershdre
33%
1,200
'
90%
'
Sept. 10
•
Sept. }5
35
Feb
•
4
33 %
'43
88%
*77%
Thursday
Wednesday
.
.
$ per'share
1,300
1,600
HIGH SALE PRICES
•
33
2iy«
37%
*87%
40%
♦27
1,600
*89
4
*110%; 111%
27
27
.7
27
30% Mar 17
Feb
23%
105 %
AND
Tuesday
Sept. 14
Sept. 13
share>
27%
2,500
Y 800'
169
42%
'.
79
40%
41%
40 Va
"67
Electric
Oct-
31%
Jun
26%
58V4
21%
10%
f
14%
16 '/♦
37
88%
10%
*110% 111%
*34
87
'
16% May
88%
27 Va
*
.
111%
1
Feb
Jan
Par,
42
*40 »/a
"110%
Monday
-Saturday
10%
10%
10%
41
•
10%
"*10%
McCrory Stores Corp com_
i
3 % %
conv preferred
:—^J100
Feb*
25%
♦77%
*77%
McGraw
21'
Jan
105%
o
'
17% May
21 Va Dec
79
79
111%
14%
*166
90
88%
"90
v,
58%
43
*89
14
31
23% Mar 17
56%
p' 43
89%
'88 "
88%
LOW
»
44 V,
88
f-863A
"27
Sept. 11
'
43%
95%
46%
21%
89
-270
1.800
24%
93
•
169
90
*771/2
"40%
*166
•7,900
:■
"
•'
•
-• •
36%
36%
36
170
43%
43%
•^89
87%
*110%
14%
21%
21%
21%
.36
•167
35 Va
170
15
36J/a May
14
32
.
/
v
■-■'■■v.'
>:■>:
21
><;-
59%
Va
lOlVa Jun
25 ' Feb Ti
107%
Mar
•
58
42% Jan
33 Va
Dec
35
May
59
58%
'•t
16
*58
•79-"'
87%
10%
STOCK
.!
$ per share
$ per share
82
24
*15%
'
■
EXCHANGE
Highest
Lowest
Highest
YORK
NEW
Range since Jan. 1
Year 1947
14%
16 Vz
35Va
STOCKS
Range for Previous
.-.'.V
*14%
16%
*167
:
90
*77%
—No par
-
14%
$ v*2l
.
43
42%
14%
16%
1,800
7%
17%
■
24 %
■%
59
170
•'89
•■£
97
*93%
4,200
22%
y4
<$
17%
24% 424%
24%
97
■
e
100
500
0%:
22
■'■•(if-
17%
14%
•
-
$3 >pr«f eitf fcdi-^y-^ii.l--wNoip*r
$6
1st cum preference-*.—No par
41% Jan 12
26% Aug 11
Co
Maytag
9
35
V:
*167
24%
*95%
J7%
—
>-6'%-
v
■
21%
21%
35
*95%
;
17%
*17%
24%
98 >
i Vi-'lv
22%
7%
17%
5,800
22%
*24
:/
:
8%
10
^9%
0
*22
7%
7'/b
17%
,U'-17%
—
591/2-
No:^)ar
#
7%
22
8%
22%
22
22%
7%
16 Va
69
No par
pfd
cum
22%
.
44%'V
16%
,
$3.40
12% May 15
43% Jan 21
11
Mar 12
110
18
■
Jan. 13
85
-
3
Jun
93
6
Aug|13
9% Feb
Jan
108% Mar
Feb
Jun-
98
*95%
.
22
9%
17%
Martin-Parry
9
8%
14%
•Martin
27% May 20
9%
!
ive0Q
580
:8%
e%
*9% :
•8%
24%
4-1
16
39% July 29
11
X8% ■y
40
9%
24%
>
100
-
10%
21%
7y«
♦500
*9%
-
'
700
12%
42%
580
10
9%
21%
22
?
|
>200
21
*20»/4
12%
•500
*21%
*17%
pfd
100 f
comv—{-No par
Co-jji
10%
9%
21
12%
580
.
I
1-1% V
1T%
.
:
21
•
13
21%
7%
16
(Glenn <L)
10 y8
;,v.
21
v,
*500
580
*500
10
22
^__5
^
19% Jan
69% July
12%
8%
• '
22% Apr
'
20%
12%
12%-,:
1,200
*oi%-
♦100
101 y4
*11'%
v*
i
5,400
35 %
35%
36
'.*99
12%
♦11%
21%
~
prior
Co
&
preferred—
4 %%
20
19 y4
10%
*9%
'■
—J6.25
:
Corp^'i
6f#
St Ry
Marshal! .Field
'»
12%
37%
132% 137
20'/a .20%.-a
20%
36
-
*99% 102%
102%
*12%
580'
10%
s—*
Corp—
Midland
Marine
■>
29%-May 18
103% jun
9
,
Marathon
»
12%
:
.*36%
37 Va
137
x20%
36
*
19%
*500
;
''99%
*
19%
No par
t,-l
21%
36
f
*,
*11%
102%
*12%
iExplorkWoh—.;—1----l
Ofl
Maracaibo
22
35%
12%
—1
i
i
Manhattan -Shirt
;May<20
17% Sep
20
22% Mar
4
Jun
7
35 %
—
>Mandel ®ros_
25% May 17
20
34
18% July
24% May
i
Feb
6% Feb
111%' July
May
175
Dec
*
Jan
14Vs
5% Feb' 10
34%
.14 % May
39% May
26/
18% Mar 18
Feb
16%
May,
'97%
D4c
Feb
.7-"
22% May
>
17
27 ?s
•>
6% May
9
20% Feb
8%
19% May
'
8% Mar 1'6
;
20%
'•aim,;-
20%
35
:
*99%
.
;
-
9%
'
'
21%
20%
10
Magpavox 90 (The)-——i-——1
^^-80
Mahpning Coa] <RR Ch—-—
"Magma Copper
24%.May,2o
*
Apr. 23
-7'
■
25
137
*132%
.
?37:y-V'37%?^ ♦36%
*132%
132% 13^
37%
*36%
37
137
,
:.;
27% JunlO jV Mack
-
xl6% Feb
21% Mar
Feb
142
1.
■
Jan
111
"
37
*132%
;r-40v.iv,-Jatt .-v-fcivv MacAndrews dr Porbey "feom—
27
6f#. p»eferred'_-~-:-——4.—100
Trucks Inc-new cpmmpn—f
39% May.27Macy (R H) Conine com-——No par
39% Mar»i6yr
• A Vih
pfd series A^_—U00
& 98 /(Apr d2:-. 103% Jun 4
11 % Feb, ; 5.
v 15% Apr
12^* Madtson Square Gardeh-:
--N« par
Jun
Aug- 23-
24'/a
24 Va
24%
24 Va
16%
16%
16%
16%
16%
3,000
27%
*26%
27'/4
26%
26%
1,500
*19%
20
19%
19 Va
27%
114%
12
-
19
27
114%
•12
19
19%
*19
27%
26%
114'/4
113%
12 V4
12
19%
400
1,100
19%
100
27 Va
4,300
114
12%
1
|
2,800
45%
26%
d.
>
.700-
-
24%
44%
kz,
21
v;
140
146
•
24%
'45%' '
I
f.
16,000
1,500
20%//
146',:
:
•i
T
11,300
16 Va
16
i
—-
22%
2-1%
>•■■
•
*11
*73
.
20%
20%
20%
;
20%:"
26%
27
4,700
271-
*44%
•
41%
;60%
24
24
44% xr
24
45
700
60%
20%
146
23%
.44%
'24
62%
■01
•26%
•147: -■-••;
*146%
23%
44%
; i
3,600
17
;;
22%:?
16
•
it
I*
.10%
41%
/;
77' ■:
60%
;;
i
:-
.
62%
161/6:
16%.,:-
60%
i-
40
40
10%
17%
•
22%
22%;.
if
■
2,200
88 Va
:■
41%
•
17%
16
4
K:/'.
800
'
*73
60%
140/;-//
146
•
17
77%
,4. X22%
23%
-
1,100
-
166%
♦37
41%
:•
•
20%
iao%
88 Va
166%
;,
39
42%
*43%
par
'•
*38
41%
"4*73 4-
27
*26%
;
4,800
36%
it-;'
:;-;-
1,900
2%
63%
•60Va "60%
20'A
•
•l
>
63
I6V4
;*16
•
50%
36%
>
167
63%
•:>///17: 4
22%
; >
9%
10%
4
/200
'
50%
88%
88%
167
10%
77%
-22%
t
10%
17%
17%
37
*36 V2
>4
4 / 63%
41%
•4 -*73
>-V
88%
167
40%
>
.
?
24%
9%
*38
10%
"
10%
>
37
88%
41
,,
9%
1,400
47%
'
•166
63%
27
27
'"'20%
4.
40 V2
16%
61
/?
v
■
*62%
V
22%
60%
89
167
10%
77%
?
36%
89
50%
J
'
1
9%
*36 Va
■
4
50%
1,
700
9%
>'•
'(.
3,100
24
24% W
51 >>>/
*24%
/■
.<
'
-■
8%..
9%
9%
* 9 Va
-
.
9% :/4
'-:>/ 50
'
9%;. /;•/
•164%
:
17%
*73
22%
51
'9%
i:
41%
{&
145'A
pfd series A
48%
.
62%
A Sons Inc com—1
(M)
cum
Lukens
fl.
47%
10%
62%
■fV
'
*3
24%
8%
T*
:—
Nashville„f_-_
4
63
•24
8%
36%
88%"
41
1_1
(Ky) No
*41
24%
8%
50%
'■y
'">■
Corp-L—^No par
preferred.:
63
24%
8Vb
63
*41
i
X
2,900
.
1". '
e
'
800
:
3%
24%
"V.24%
*38
't-
6%
3%
8Vb
*9%
166
.
Louisville Gas & Elec Co
Louisville
3%
24%
37%
88
•
38% Mar 16
rtu
Jun
24'% Sep
158
-
800
*6
6%
1
.t
2,300 ;;
47%.
166
Long Bell Lumber
par r
Loririaxd (P) Co comihcaK.___^iA.LlO
,
21% Sep 7 7
,
6%
*3%
5,
40
12 Va
37-
8%
50% V
♦37
:
12% May
17% Apr
6%,.. 4
;
"
37%
*12
:
.
!
■
600
"
.
*8'/a
-9% -4 9%
'•
No par
Cement
37
3%"
24%
50 »/4
No par
Inc
Star
12
37
3%
9%
24%
r
:
I
Aircraft Corp___
11%
37
'
3Ya % .cob v, preferred
11
96
6%
48
500
24%
•93
3%
63
4v
!_^___No par
Co—Nd par
com
•24
37
24
T.
—No par
Corp
24%
12
if.1
'•
96
6%
24
WV.
Corp
30%
38%
38 Va
f-
400
38%
x
•T
90
;
26%
*93
36%
8%
9%
v.-'
100
43%
•23%
3%
.
v
♦41
8 L-y:
—25
—
/
:
12
;v
43
*26 VB
26%
-
300
96
,
6y8
:
24
47 %
Coj—_
Liquid Carbonic
,
Jun'14
85:
27,
57% Feb
10
23% Jan
i
?
Corp
preferred
Lily Tulip Cup Qorp
12 '/B
♦93
63
-1
7 %
12
38%
600
11%
■23%
23%
1
■'•4' 36%
3%
*8
1
Liggett 8c Myers Tobabco .com
70% May 24
55'Va Jun 11'
>
2
79% Peb
1
58% May
13% Jun
.,
20
Life SaverS
»
May 14
47
28% Peb 41
109% Feb
2
\
4
V
j
20
19%
45
26%
>•
• •
Libby_^_^__1
Llbby McNeill &
1,100
•11
11%
*43%
26%
♦37%
>
*23%
NO par
9,100
7%
19%
♦11
45
26%
95
♦41
_J_No par
6%
'
par
' 7
24
95
6%
3Vb
50
'l
*'
Libbtey Owens Ford Glass,
91
Jan; 8
174% Mar 30
8% Peb. 40"
63
10% May
18% Dec
38% Jan*
Mar 12
July 20
:■ Peb 14
35%
78% Dec
39%
13
'*
t
11 Va
):
•
38%
♦37%
•
36%
*6'/B
pfdJ__^^:_No par
Lern'er Stores Corp__
$5ff% Jun v. 1
10% Apr 12
;
82
Jun'
26%
•
Mar 18
16$
Aug
12% Oct
ApT
-24% Aug
19% May
'"
May-20
'20
1st
non-cum
26 Va
117/b
36%
"
f
50
1
,
Lehman Corp -(The)
Lehn 8c Fink'Prod Cdrp_._
May 15,
12
8% Feb
191% July.
•
33% May *
*40, Dec
i
56
46
Feb
96% Jan
May
■
/
25
16 % Peb
V-Feb '
>: Apr
40% Oct
Dec
50c hbn-cuni 2nd
i:*
11
29% Mar
78
;
59%
May
169 :
$3
9% Feb 24
1
pre7erred__No
26 Va July 12
10% May 12
19
11%
___23
Lehigh. Valiey
Lehigh Valley .Coal com_-,___
NOn-cumuiative preferred.-
.
:-;-. 25
May
5% Jan
V,
Jan
v
?7* > !•
.»
4
Lehigh Portland Cement
45
*26
4 24
r:
5%
6%
8
19%
19%
11%
*43%
*43%
-i
24
•81/4 4 4
xl9%
11 VB
■■
96
-Navlg&tion Co^_^_10
Lehfgh Coal
7%-
20
38 Va
cum'ulative preferred___100r
5%
7%
-*11
,
Shares
>7%
5%
8
5%
57/a
534.
*7Vb
*19%
.
26'A
24
I
-
.
10%
*37V2
—5
81
,
'4 per share
tper share
share
for
Sales
the Week
■
■"
45
26 V4
"
(James)' ,«fe Sons Co cota__,—J
3.85%
4% July 12,
2,
Mar~30,
19%
Feb
9%
r
38 y. May? '■-i, 50% Feb
,
9 •:
1% Jan
Lees
»
13% May 22 *
38 .' Sep r 2 ;
8% Jun 24
4 % Mar 16
Feb,
Lee "Rubber
May 18
26% May 28
99
Jun 16
v
19 Va
*43
-V
-—1
Co
7%
}.v: 10%
_^'__50
preferred
Lane-Wells
35'/a Mir
35% Mar:
■'} 14 ya May
.
30% Mar
Feb
,3%
...
Jan
May
1% May
1
47
Feb
4 ya
*'
Mar 14
•35
95
30'/a
•
6
23
12 %
r
17';
Feb
101
9% May:
>
53% May
29% May
Apr
30%
>;
Dec
Sep. 17
25% Aug 12
i
5%
19 Va
CLOSED
I-—No par
No par
•
5%
*7 VB
STOCK i-
V
-EXCHANGE
pfd_,--75 Pesos Mcx
$ per
Friday
Sept. 17
Sept. 16
Sept. 15
-
$ per share
4 per share
Thursday
Wednesday
Tuesday *"■.
....
Sept. 18
.•
Sper share
.
..
Sept. 11
HIGH SALE PRICES
AND
LOW
V
STOCK
YORK
EXCHANGE
f
Zl
(1157)
CHRONICLE
970
600
i.
Monday, September 20, 1948
NEW
Range for Previous
Year 1947
Lowest
Apr
107% Deo
14
Feb
66
Mot
13
*
National Airlines
1
17
14
Feb
8% Feo
11
17
Feb
11% Feb
29
Feb
Dee
187
Jon
163
Feb
20
6% Sep
Oct
17%
Feb
Feb
Jon
Jan
Oct
18
48%
Dec
25%
Jan
107
87
Dec
Dm
167
28
Jan
147% Apr
7% Feb
2
24% Jun
10 '
Jan
Mor 80
05
Not
Jan'
22
23%
'
Dec
18% Feb
Jan
Natl
25% July
6
16
94
2
30% May 27
National
13
ii Sep
15% May 26
12% Jan 28
v
19% Jan
Ntbl
18%
Feb
107
38% Not
98
Dee
38
Feb
100
Feb i
106
44%
Dec
32%
•87
108% Jan
38% Mot
Feb
13
Deo
Dm
19
Mot
99
13
64
16% Sep
17
26% May 21
Sep
17
Oct;
20% Feb
11
Feb
36
Meb
<
90% Jun
43% Jun
Feb
12% Feb
Dec
39
Feb
10
02
121-
Feb
11
26
Feb
Not
/
Jan
290
15% Not
11% Mar
.Aug
62%
Deo
20
Feb
Deo
10% Mot
107
80%
*27
Jan
61
19
255
6% Mar 29
20% Feb
Sep
fl
i*
•'
81
25% Oct
•!
*
Jun
3
Jun
Mar 18
N Y ft
N Y
4
20% Mar
Jun 21
~33%
Deo
53%
Jan
27
86%
Deo
Aug 26
64 %
Nov
55
Feb
62
Aug 11
18
26
DM
30%
Sep
25
16%
Dm
", 33%
Jan
6% Mot
83% Deo
14% Mar
10%
Feb
115%
Jan
30%
Nov
22%
Feb
Deo
13% mot
'
Dec
Aug 24
12
;<
Nopco
Chemical
Norfolk
/
North
American
North
American
9
Dec
18%
Feb
Feb
4% Sep
17
Mar 19
14% Jun
$ per share
Norwich
Jan
Deo
27% Feb
111%
Feb
92% Jan
2
103
Jun
35%
Dec
11
43
Jun
15
17% Mag
93
27%
Dm
107
7% Mag
Mag
18% Sep
34
Mog
118
Feb
27
Jan
17
Feb
>93*
Julg
83
Bep
Aug
3
62% Feb 11
Oct
34% Feb
15% Mar 20
30% Mar 17
47%,Mar 16
Feb
30
129%
Jan
89% Feb 27
168
Feb
Jaa
89%
May
•0
Dee
Dee
00% Dee
19% Dee
3
33%
Sep
Dee
Dee
30% May
7
Dee
J%May
31% Sep
HKlfar
7%
14%
18
Jaa
B% Jaa
37
;
109
f
Feb
,
43
.
see
"f
-
34 V* Feb
v
28
105
26% Aug 24
11
6% Mar 16
Peb
24
29 V* Jun
28
38% Feb 27
page 26.
100
May 17
t
21
May 27
Jun
8
26% May 27
51
May 21
3% May 17
33% Jan
2
30% Jun
10
16% Jun
t37
11
May 17
Jan
49% Jun
18
7
1
32%
•'
/
Elevator
/f:.r
99
*97
56%
*55
56
*53%
55
17%
16 %
17
83
80
81
17%
x83
/ *80
30%
30%
37%
38
16%
'30%
38
17%
•81
135
16
♦10
•20 Va
15%
17%
16%
16%
23%
*15%
*20 Va
56
*51
56
*51
♦230
250
*230
250
12 Va
12%
12
35
34%
35
35
35
34%
*90
90%
*17%
9Q
.
v m*
17%
22%
•90
90%
60
60'/*
*81%
84
♦81%
22%
22JVa
15%
15%
*15%
15%
28
*27%
28
•
.27%
-
60%
*25%
61'/*
15%
15%
11 Va
10%
11
11
11%
84 »/a
29%
29%
21%
21%
*25%
26
*83
11
11%
61
26
15%
/:■/• 11
y4
2,800
15%
15,800
•
11V*
<■:
11,600
83%
83 V*
*83 V4
29%'
29%
30%
30%
30%
30 Vo
31 %
6,100
21%
22
21%
21%
21%
21%
8,200
80%
80%
11
11 Va
19%
19%
19%
37%
♦37'/*
85
*83%
85
-J/'
.12%
5%
>;>:.
12 Va
50
79%
11
10%
10%
19%
19
19
37%
37%
80%
10%
19%
/■/
37%
80%
81
5
5 •■/'
12 ya
12%
4%
4%
•12
690
'
*37%
4
4%
.
12%
5,200
3,500
.
V
37%
•
♦5
'
15%
11%
-
*36%
'
60%
*25%
15%
80%
11%
19 V*
5
800
"
61
*25% " 26
•
/ 1,600
28
21%
-
80%
11V*
19 V*
13
61
26
300
15%
♦26
85
81%
37
s
800
23
•;/■/15%
160
■
84
♦21%
15%
,
1,800
17%
84
15%,
,
2,500
91
17%
90%
17% .'17%
22%
15'/*
28'/*
10
12%
34%
*22
*
——■
1
12%
15%
26
400
700
56
250
12%
15%
60%
1,600
15%
23%
*51
28%
>
19,100
;
136
*230
•22
15%
400
81%
136
12'/*
23
4,100
,
17%
'81%
82%
135
56
90:
300
70
30%
250
•W'p
■
2,900
38%
*38
35
»
4,400
.
.
'
81%
135
*20ye
10%
29%
30%
38%
23%
15 V*
96%;
10%
"
*
16%
82
*132 %
♦94
96%
17
83
23%
\
200
300
99
17%
82%
'
LOW AND HIGH
Saturday
/ i per
thare
*12
40
Va "■■■i
1,000
12%
600
No pax
31%
preferred
A
108
if
Nopal
*21%
*147'/a
STOCK
CLOSED
<
Refining
*36
•18 £
52 Va
137
*147%
41%
.4:£•
Patlno Mines ft
Enterprises
56%
15
.
5
8'/a
*22'A
101
-
•41
<
/
/£•;
Va
34
53 Va > >'■*52
96%
•
4%
8%
*22 'A
£
*100
<4
42
*"£*41%
'
-
•16
8%
8
23'A
43
27 Va
27'A'
28
No pax
£•7%
31
*7'A
M
13%
*30%;
2%
46 Va
-
:
45%
46
-
.
V*
.
-1-
143/* r68
<*
37%
37%
V >
34
5.500
'
v
;>
51%
35%
52%
96%
96%
•137
36
138
1,900
"
16%
V *16
58%
22%
22%
31
31
•41%
■
-
46%
93%
8Va
21%
*2%
-
260
:, 10
•
4%
;
93%
100
59 Va
93%
*
8
22 V*
104
22
*102
22 V*
22%
43
♦41%
3%
2%
8 V*
22 V*
104
22%
'9oo
2,300
16%
58%
/
8%
.
27
27 '/*
*27% ,-28
7%
7%
v
1,600
*'
/
24,900
103%
2% /
60
500
22,000
23 V*
27%
so
18%
9
58%
27%
:
" /
4%
93%
27 V*
200
.'."210
11%
.
18%
33%
87/a
•16
43
^
■
2,200
42
/,
8%
~
8%
101%
46
■'
41%
4%
/:"•'>
•13
;
£
56%
14%
•65
138
8%
59
»7% .? 7%
13%
13%
31
k
45%
18%
90
"•llVa
•
*
27
•v
7%'..
13
31
••'*.
149
■
42% >42%
4%
4%
42% ,4i>-
101 Va
2y4
£
5,400
:4%-
4%
.
/ 200
;
^ 4%
4%
9 ■/
110
*
32%
'
♦41%
28
*13
>*137
<
22%
22%
2'A
—
:
*
53
97 V*
230
4,400
.
22
£
56%
35%
<»6%
'
5
'
':-
4,000
.
93
32..*
"*83'
•>
66-.
38 W
35%
.
♦22%
:
28
2'A
15
31%
/. *18-:
•-/£-'
11%
-
94
♦93
27'A
7%
'
/.
16%
58%
94
2%
-
X4%
8%
'59'A
26%
"
97
138
42 V*
'■
8%/
102
22%
22
£
4%
16%
*92%
8% ;
97
♦137
180
/£-
10
•
*147 Va
/
*
*18 V* u, 18%
% M33%
34'":•>
'
58 34
23'A
*36
35%
138
*16
J
;
52%
5Va
1
M
-
35%
42'A
59%
94
..
38
35%
42
V
'
*63%
33%
8%
/:/
;
57
1
52'A"
/-;/■:£ 5
•
22
■
i8%
*n v*
'
f
34%
4%
>
90: :'
I *14%
>
15
11%
66
18% V
/• 35%:
-
*18
56%
18%
*•27%
No par
y
.£•• *83 £
••36%
iff
B
11%
♦64
200
12,200
103
♦
"
r
No par
—XSfax
;
90
V'
'•
22-'
31%
•147% '-149 .v."
18 'A-
52
101
22 Va
•21%
93
££32%
38
35%
16%
*92%
22
57 %
•14%
66
"
33%
177/a
-31%
103
10
93
18'A
:
■
16%
£59
-
S3
149!
.
96
r
*17%
10%
34
/>
87/a
1
15 >1
12.'
•136
8%
/
57
!"
103%
10%
>18%
.
Shares
32%
96
31%/--:
103
38
.••■
5
42
£
5
'
>17%
*31%;
-
33%
;
•-//. *83 '
66
,
•
<,
32%
57%
*17%
'
93 "// ,/•/'
*
*18
32%
10%
•147%
86
*31%
33%
for
the Week
'
•
31%
22
18% >
r
11%
v
92
M
149
♦18-:
95'A £
/;
33%
•,
*/ *83
££.
//••
Sales
'
$ per share
32%
963A
*98
105
;
10%
>
32%
Friday
Sept. 17
33 Va
97
31%
*103
>!
10%
22'A-
33
■
-
137
*4%
Mbaea—1
Transportation
X.
35%
x95'A
'
|
Davis ft Co
Parker Rust Proof Co
19
31%
103
/■
92
34%-:
-52%
35%.
v
31%
38
V > 34
♦
:17%
11
65
f
.No par
com
15
11
65
No pax
'.♦17%
57'A
i *14%
?.
17%
33%
96%
*21%
'./,/•■
87
EXCHANGE
..'-34.,
•32%
*91%
V .18%;-
57%
100
ft
Park ft Tilford Tn«
Park Utah
Consolidated
Penney (J C) Co-
;
.
♦83
convertible preferred—100
/Paramount Pictures Ino——1
Penlck ft Ford
149
-33
10
*18
preferred
/Parke
23
33%
103
32.% £•33-^:/:
——188
non-cum—No
Paraffine Cos Inc
4%
_
97%
;
102
X91
33'A
32%,
/j *17%
9%
91
S per share
97
.31%
102
Thursday
Sept. 16
t per thare
*33
.
18
M 9%
Wednesday /
Sept. 15
$ per share
.
33%.
97%
.33%
32%
*17%
SALE. PRICES
Tuesday
Sept. 14
$ per share
.
33%
Corp_1%
Pan-American Petrol ft
Trans*
■
Panhandle East Pips L eom_No
par
Prod
MondaySept. 13
-
.
*
Jdpu
pfd
26
Lighting Corp
Parmelee
10%
*97
Va
12 V*
28
Sept. 11
common
preferred
Panhandle
♦94
X10%
56%
135
2,400
v
*
31%
31%
11
17 V*
81
300
3,300
16%
103
96%
39.'/a
15'/*
28
90
11,200
11%
16%
*101
99
31 Va
*20
91%
•12
'
preferred noa-eum
No pax
Pacific Finance Corp of
OAllf—.10
Pacific Oas ft wii^trio
«a
>4%
-
31%
11%
.
11
56%
16%
12
36%
£ 5
r.
V
Pacific Mills
—No pax
Pacific Telep ft
Teleg ooauaoa—IOO
.•'! ** 6% preferred
if
Pacific Tin Consolidated
Oerp
1
Pacific Western Oil
Corp
If
Packard Motor Car
No pax
; Pan American
Airways
'
16%
103
31%
•97
11 Va
99
84
11 '/a
:
<
,
32%
•94
11%
•16%
■'!
•101
80%
Vy-*-.
Co
Pacific
11%
16%
*31%
/
-17'/*
19%
•fe S.',*
/
/Mar 18
11% Jun
Mar 16
24% Feb
/
,11% May 21
21 Va Jun 21
65 Va Jun 15
i
1st
23
46,400
103
21%
2.50
£h? 2nd
*',0% Apr
6
<02% May 21
5% May 17
•
j,
22%
11%
16%
,*101
96%
11
34%
*97
6%
43% May 28
21% Jun 15
147
11%
.
/
29%
'
No par
Pacific Amer Fisheries Inc
Pacific Coast Co
*:
'
/Apr 18, V
8
11%
16%
103
*83 Va
10
Owens-IUlnols Olasa Ca_
55% July 13
'"
10
Peb
'.-May 27
convertible
Outlet
2
-
2
9
8
f Feb 27
23
STACKS
preferred
Outboard Marine
o
44 V* July 23
< 104% Jun
7
11
2
' Jan
Otis
29
36% Jan
•v»
16
Jan
18V* Feb
73
i
5
Jan
14% Feb
15% May
38% Not
48% Feb
For footnotes
97
•Jan
22%
10
10%
•:
No par
preferred.
Oil Co.
8%
4,600
12%
135
60
60
Oppenhelm Colling
15% May 17
15
13
21% Sep
34%
*
-
27
' Feb
"23
89
92% Jan 12
•% Feb 11
Feb
July
32% Jan
63% Jan
4% Jan
>
11
4% Feb
Mar
109
.
13% Mar 16
48
17
*
t
10
8% Feb
Feb
Not
9%
1$
Jan
41% Feb
July
85
Feb
4% Feb
Oct
13
134
.Jun
£
20%
91%
*
23
15%
4%% convertible preferred—106
Omnibus Corp (The) common—6
5
-
,'73% Jan
13
Jan
Feb
Jan
100
203/4
91
"
10
♦37
81V*
(Minn)—
Oklahoma Gas ft Xleo 4%
Oliver Corp common
37% Jun 23
154
>
11% Feb 27
62%
39%
7 '
23
,10•
43% Jan
May
40%
July 19
1 Jan 17
Oct
46%
100
26
Mar 17
Feb
3%
•1%
4%
0%
Dee
Jan
19
Dee
Dee
,
17
•
51% July 20
/>
131
1
18% Jan
23%
21
92%
*
134
♦25 V*
4.40%
Ohio
•22%
203/*
92%
■
12%
30 Va
16%
Xl5
?>/
Ohio Edison Co
,
2
16
Jaa
•0% Not
9B% May
*S9% Dec
9
Jan
18
36% July 13
*109% July 13
12% Apr 20
25
Mar 16
80
,
•
Feb
20
Jan
*90
.
N
Mar
*
v
147
Feb
9% May
Jan
.
8
89
163%
Aug
May
92
Feb
Feb
-28%
•Of Nor
IB
Dec
28%
33%
148% Oct
18% M07
BO
.
34% Jun
16% Apr 14
22% Feb 11
Feb
13%
88
•4
July
10
4,500
♦81%
100
Par
18
26% Feb
11,800
10%
*81
i ^ }'■ .y
•
:
3/*
13%
•//;* 17
/
38 Va
*22
1
1
Co
23
800
'
100 Va
10%
17 V*
29
Co
»22%
1,300
22%
3/4
100
*12%
56%
84
34%
29
$ per share
Apr
23 V*
3/*
100
10%
V„*97 V*
SO'/*
2.50
EXCHANGE
91
•22%
♦21%
150
6 V*
13^
'£>
>
NEW YORK STOCK
•1%
99 V*
♦213/a
/£-,£ 3/4
140
134
6 V*
10%
15% ; 16
10
Ry
134
*123/4
31V*
1
u
99 Va
223/a
167
*1633/4
6%
22%
21%
5,700
70
3.100
13 V*
10%
•51
Aviation
Pharmacal
Highest
3 per share
'
17%
11%
31 %
167
21%
92%
31%
♦91
136
6 Va
16 .£
£ 16
r%
56%
80%
*164
21
•94
11'/a
X134
31%
•133
94
•31%
99
16%
163/g
91
1
99 V*
X20 Va
11V*
96%
•37
4
Norwalk Tire ft Rubber
9
Range since Jan. 1
Lowest
•94
30%
.
6 V*
% /£
:/>*16%
32%
•81
15%
91
31%
92%
21%
•101 *
*31%
56%
2,000
%
-
16%
•17
10,000
98%
10 Va
12
•97
19%
48%
%
103
/Ml
19%
483/4
32,:
x94
10%
•16%
193/a
483/4
•12%
10%
Xll%
19 V*
X47%
:v
165
21% % 22%
13
♦101
800
20%
%
:
2,200
3,500
16%
94
*235
Co
Central
.;' v'
Highest
22%
%•
13
28%
16%
20
250 >; 250
Northwest Airlines Inc
common—10
4.6%
cumulative preferred
25
Northwestern Telegraph
50
7% May 21
lu v» Auar 18
22%
13
28%
16%
94
/
56
common
Northern States Pwr Co
Cum pfd $3.60 series
17% Mar 20
33% -Inn
20%
94
•51
Northern Natural Gas Co—
Northern
Pacific
Ry
Jan
20 V.
*92
13
•6%
23
1,200
7,400
29
136 '£
♦22%
2,200
6%
10 V*
16%
19%
313/*
%
Va'..
44
6%
10 Va
■
'
22%
x22%
43
2,600
13
135
97%
1,200
7
6%
28%
165
20%
■
160
,
23%
23%
10'/*
500
•
13 Va
137
98%
No par
Northern
45%
13%
20%
s/4
%
-
23%
24
27% May 17
40 Va Apr 24
22
20%
98
166
1.000
10.400
•
,
16%
•91
6%
1.000
29
•
165%
*6%
♦20
14
90
6%
/
100
11
17
Deo
♦135
100
Jun
Year 1947
18
164
137
No par
No par
27% Jun
17
32
X0%
No per
36% Jun
Sep
91%
31%
•133
No par
93
Aug 11
91%
32
167
,
-
91%
91%
31%
1
00m
16
15%
•164
common
25% Feb 11
11
♦47
11%
31
^
6%
4,800
11%
44
e%
10 Va
47% .'.47%
16
153/*
1
16% Feb
,
19
38
48
16 V*
13
82% Mar 10
10% Sep
DM
47
15%
Ry com
Adjustment preferred
Range for Previous
17
47
par
1
Co
13
78
//,
19 Va
& Western
17
Oct
Lowest
19%
preferred—100
Corp
17% Jun
Feb
$ per share
19%
-
Industries—
Electric
28% Jan
2
DM
6%
19%
Shlpbldg Corp, partlc stock
State Elec & Gas Corp—
13% May 10
:
8
Jan
Apr
£Jun
-
19
Harlem RR Co
Noblitt-Sparks
11
25%
Aug
19% AUg
33
>
8
Jun
102%
22%
11
13
16%
10
Brake
Noma
6%
10%'
28%
$3.75 cumulative preferred—.100
25% Jun 21
17% July 1
36% Jan
5
P 15
Y
6%
10 V*
12%
pfd—100
N
88
6%
10%
29
88
Haven ft Hart RR Co.lOO
5% series A
180
N Y Power ft Light 3.90%
19% Apr 10
1
*43V*
6%
10 V*
400
/
40
30%
67/a
6%
380
40
23%
6%
16%
Preferred
'
Jan
23%
7 %
10 V*
•
165'/a
44 V*
.7,400
.v..;
6% r'
11'/a
/
31%;
6%
-
'
/
17%
11%
43%
7 V*
44%
100
31
12
167
1,200
24
eye
40%
166
"
28%
N Y New
9
'
16%
100
Louis Co
24
12%
JVo par
St
166
16%
No par
85 non-cum preferred
25
<
Y Chic ft
30%
17 Va
30'/*
1IV*
11%
!
13 V*
•23%
V
6'/*
♦39%
411
31% 5 ?,;?■ 30%
29
-Neper
Air
11V*
♦39%
166
12%
'
24
11 Va /
11%
:.V- •/.: 12 ' -■ <12% '
•23
44 V*
<
31
6%
24
7
44 Va
100
6% preferred series A
N Y City Omnibus Corp
New York Dock common
39% July 12
96
Jun 17
14% Feb 27
-
N
July 12
14% Jun
10
86% Jan
100% Aug
23% Not
8
York
>
6%
6 %
17%
30%
:
12%
16
Co
/17%
13%
24
6%
165
•23
'
100
New York Central
July 6
23% Apr 19
9
Mar
200
Mor
16
Dm
New
9
18% July 12
49% Jan 19
1 25% Sep
84%
11
6%
13%
:
-
28%
preferred
100
Newport News Ship ft Dry Dock
1
r
24
•16%
4% %
144
Dec,
20%
,
18
17% :•.
31%
6%
No par
ex-diet
Newport Industries
33% Aug 18
5
.
Aug 17
July 12
54
1
common
serial
38%1
•53
No pax
6
Co
conv
•36
54
10 Va
Newberry Co (J J) common
No par
3%% preferred
100
New England Elec System
New Jersey Pr ft Lt Co 418
pfd—10B
Newmont Mining Corp
10
8
3
Feb
80
137
11% Mot
Apr
May 18
12% Jan
10% Aug 26
90 Va Mar
>38
Tea
38'/a
31
31%/'.
163
24
44
No pat
Corp.
4%%
r
12
22%
19
-
1
Nelaner Bros Inc common
34
98% Jan
50
;
-
Co—
A
B
Lt
163
'
10
•53
17%
40%
30%
1,200
'
•36
24
12
108
108
54
11 Va
40
40%
40%
109
13%
•'
10
preferred-.
Natomaa
May 17
39:
10
26
Mot
230
Feb
46%
18% Mot
•23
Rights
Vulcanized Flore Co.
8 •
104/• Jan
26
Feb
Jun
32% Mot
63
Not
102
18
Feb
*27% Mar 12
Mar
11% Dm
98% Dm
25
Aug 24
13% Feb
;
JulT
4%%
<
f
1":
Mar 16
jun
Feb
Jan
30%
>108
Shares
37 Va
6%
•11%
/'■:
40% ; 40%
''
the Week
thare
37%
•53
17%
:
t per
for
Sales
Sept. 17
13%
24%
11%
40 V*
30
Natl
11
DM
18% Mot
13% mot
ft
11 Va
11%*
40
40%
110
30% M
6%'
ll Va
Service Corp
1
Cast Co
No par
8tl
Power
14
24%
Deo
ft
Ti¬
>*•.
National Steel
Corp
28
National Sugar Ref Co
No par
National Supply (The) Pa com—16
,
85% Feb
12
79%
Mai
21% Sep
17% Feb
13% Jun
25
preferred
Nat
2 '
101% July 12
25% Jan
8
10
Co
National Linen
Jan
12 %
80
22
7
Sep
100
29%
12
Jon
Lead
preferred
17%
•24 V*
Friday
Sept. 16
Sperthare
13%
♦
54
M 30
6 Va
163
Enameling ft Stamping—No
/£.' % Sep
Mar
20% Mot
17%
/'!/ 1
axtt Mor 10'
28%
6%
.No par
Register—
6%
16
11
'•
N# par
Corp
Corp
Cash
1%
6% Sep
24%
100
Share
Cylinder Oas Co
Dairy Products
National
7
15% Feo
17%
30 Va"
24%
—.—*0
National Gypsum Co 00m
$4.50 conv preferred
96% May 19
Jun 10
Jun
<
National Dept Stores
National Distillers Prod
Nat
'
Jan
1%
,
Sl% MOT
12% Mot
>
38
177
National
National
2
Apr
8%
U Dm
74% Mot
134
May 21
25
Aug 19
Sep 17
&
Nat City Lines Inc
National Container
22% May 21
50% Sep
2
20% Jun
9
11
Feb
163
Jun
21
29% Jon 28
100% Sep
6% Jon
18% Dm
32;
11
Feb
National
2
17%
30%
4
preferred
Bond
National Can
17
14% Aug 23 V
28
17% Feb
15%
Feb
36%
i
Feb
Nat
*
9% May 20
14% Mor 17
23%
Jun
18% Jan
10% Mor If
24% Mor 17
20%
Dee
48-
10
6
38
38% Mot
May 17
9% May 21
28
10% Sep
1%
25
10
Jan
7
.*53
CLOSED
Corp—.—1——•
National Battery Co
Nation*** Biscuit Co
-
STOCK
54 \.
■
EXCHANGE
Automotive Fibres Ins—1
Aviation
23
9
33% Feb
15%
Dm
8
9
-8
100
National
July
31% Sep
175 % Jun
Feb
14%
17% Mot
30% Mot
14% Mot
22%
*87%
Mar
Corp
National
17% Mar 22
45
13
DM
Dm
108
Sep
13%
DM
13% Mot
86% DM
14% Mot
-
Mor 18
43%
Mot
10% Mag 20
13% July 8
26% Feb 20
Jun
26%
8% Mot
•53
1
6% Sep
40%
•108
38 Va
Nashville Chatt St Bt Louis
Jan
£-■
""
•37%
National Acme Co
16%
42
110
38 Va
29
Hash-KelTlnator
41
>
•107%
•37%
NO par
21% Jun 28
32% Sep
9
f
£/'!>
13%
14
Jan
: 110
13 V.
16
>
t per thare
13%
24
Dec
11
•
preferred
My era (F X) ft Broa
Thursday
Sept. 15
88
4%
-
PRICES
Wednesday
I per thare
V
42
SALE
.
13%
Feb
16%
68
65% Jan
•41
•109
HIGH
Sept. 14
>
10
00m
Feb
34%
136
29
common—
AND
Tuesday
£
t per thare
preferred.
24
34
168
Jun
4%%
14% Mor.
Jon
96
43
Murphy Co (O C)
Murray Corp of America
•20
Jon
1)
2
Mag 15
Feb
10% Mot
7%
2
Jan
Feb
S7
33
Jun
17
Jon
S4
Sl%
112
Monday
Sept. 13
.£
I per thare
29%
Mot
8% Dm
9% Mot
186
45
3
37% Sep
3
80% Jan 33
Jon
19%
I per thare
16
FCb
LOW
Sept. 11
/,•„
*
30
/
SI
RECORD
Saturday
EXCHANGE
•...
,
11
107% Jan
DM
44%
May
10
33% Feb
Jon
16%
Jun
t perthare
Peb
40%
112
9% Dee
'37% Jan
STOCK
NEW YORK STOCK
Lowest
t per thare
v
35
00%
Range since Jan. 1
Highest
Highest
I per thare
YORK
STOCKS
,
3,300
:'»r> 30
2,800
900
90
11,100
43
?
2%
1,300
27
27 Va
3,900
27%'
27%
400
*7%
7%
100
*13 V4
13%
13 Va
13%
1.300
30%
45%
30%
29%
900
47 ■-
46%
30%
46%
8.100
/
'
Volume 168
Number 4735
-
THE
COMMERCIAL
Range for Previous
7
Range since Jan. 1
Lowest
Highest
$ per share
$ per share
NEW YORK
Highest
t per share
Oct
10
Sep
16
15% Jan
UHUa;
24%
Feb
lt>% Feo
11
36
Apr
Dec
117
Jan
18
Dec
>22
Jan
*15%
>
28 Va Sep
110
10
Apr
13
VaSep
13
2b %
Fob
38
May
51%
Jan
111
Dec
118%
Sep
103
30
Dec
34ya May
8
17% Sep
1«% Fto
112
45%
Deo
55%
81%
Jun
101%
Feb
86% Feb
17
Feb
10% Feb
4
34% July
10y8Sep
May
34
Jan
12
Dee
6
22
May
32%
33
Deo
98 %
Jim
6
Sep
7
Peoples G L 8k Coke
May
7
Peoria A Eastern Ry Co
17
5
Pepsi-Cola Co
25% July 30
30% Jan
6
Pet Milk Co common
9* Feb
104
11
May 19
17% Jun
18
Oct
14% Feb
May
62%
Jan
47
Feb
11
48%
Dec
40% Feb
13
59
Dec
59
97%
Dec
31%
Dec
33%
Dec
98
50
109% Aug
27% Jan
Dec
111%
Mar
29%
Dec
Feb
26
22% Jan 26
88
25% Sep8
101
Jan
9j
91
July
Mar
83% Mar 17
10% Mar
12
18
Jun
80%
Apr
87% Jan
13
13% Sep
13
87% Jan
22
92»/a Aug 31
77% Jun 15
84% Jan 21
Feb
38% July
,
Feb
89%
Dee
88%
Dee
•6%
Dec
10
May
16%
88
Dec
18%
Jan
18
Dec
12
161
102
v,
Aug
183% Not
Apr
Jun
11% Feb
28
13% Feb
Feb
34
Feb
20
>
Dec
Oct
93%
87
84% Sep
20% Dec
May
300
Oct
Jan
O
155
169
>
-
39% Jun
Feb
13
10% Feb
11
20
Jan 27
160
140
10
Feb
148
13
Jan
Jan
9
161 V July
9
Oct
Apr
38
Dee
33
Jan
0
35%
Oct
20% Feb
14
46
19%
Oct
12% Feb
13
83%
Dec
/ 43
r
12% Jan
Feb
7% Sep
30% May;
Feb
28% Sep
10
Nov
62% Feb
16
32%
Jan
18
Feb
Feb
81
Mar 11
Jan
15
51% May
81% May
61%
Feb
29%
Dec
109%
Jan
101% Feb
Feb
*25
11
*•»
Feb
04% Dea
33
Pet 20
6%
conv
< per share
$ per share
Lowest
$ per share
53 %
53%
53 Va
53J/2
54
54
1
•12
33%
123/,
12%
1,900
100
500
900
6,700
300
v
110%
96
104%
105
100
•39%
60
»
36%
•87
63
*12%
33%
33%
101%
*108
'
7
12%
12%
88
87
87
*12 >/a
88
36%
83
89
85
35%
*
12
"
7,400
89
:
f
%
13
91
*12%
■y
3,700
1.
*89'/a
62 J/4
.,
7
90
94
*87'
13%
•33
13%
300
10
63 J/4
*33
■33%
8,500
77'
■
*12 »/a
.
101%
*108
-
70
7
10
115
•-
12%
12%
13
300
33%
7*101
102
v
•108;} 115
13
♦85 Va
36%
*92
90
•101
♦
115 i
•108
5,300
'
33'/a
102
101%
115
;
33 Va
■
17%
,
*12% y 13 %
.
370
:
y..,,;' 63% ,63%
13%
100
104 %
■.
94
*12%
-
160
■91
35%
{ 90
.
64
,
•12%
13%
101%
63
>
85%
•87
92
110
17%
36%
85%
,
13
•90
64%
*12%
v.
89
13%
92
■
600
35
17%
y *92
24 »/4
104
36%
94
4,300
*94 %
35%
-
227/a
•7110
97
.■'?=
86
•
105
17%
35%
•92
110
•94
37 Va
35 Va
89
110
17%
85%
v
95
*12%
■/.
,
86
22%
24
,
24 Va
105
17%
■7
23
*24 Va
<
.
,r
36 V4
17%
„
22%
400
'
28%
7
29
18%
29
-
-18%'"
•145
•157
r 34%
161
i; 7"/,
35%
35%
8 J/a
16 J/a
161
*156
/
36 J/4-
8%
*'
-
■16%
7
W 87
'•
:
v
4,800
400
'
35 J/4
34%■f"
8%
8 J/4
'
3,600
—■ -
8 »/4
16 J/a
7
174
'
-
♦156% ; 161
<16%
•ICO
-
157
*145
35%
<
8 Va
16 J/a
y
174
•160
7
35
<
8%
■
16 >/a
174 y
-
35%
*
50
*
18 '/a
18 J/2
"
7 161
•
30%
30 V4
18 Va
157
"
"r
88
*85
'
30 >'8
18%
•145
'
16%
•160
29 "/a
v
157
8%
%7
174 '-77
I'
'■
19%
7
85 '/a
85
•156
;
8% 7
16
•160
-
'
♦145
157
•156
7
35%
7-
8'/a
16
*
;
29%
29%
•18%
19 J/4
*145
-
162
•
i
29'/4
-
*18%
157
16'/a
4,200
1,300
-
174
,^7..
87
*160
-
...
'
87
61 Vs
7
87 J..> •:
87
v
87
-87'/a
87'/a
-
-
86 '/a
-
270
-
'
•76
7
77%"
-
*21%
♦147
22
32%
:
76
7:7
33%
•75
-
45 Va.
45
-76%
i 22%
:
33% .7:.
,.
v
<
23
•'
.!•■ 10 Va
-23
•145
.
46
7 152
33 »/4 y 33%
13%/
13%..:';
8
'•
42 ■
7%
*27
29%
20
193/4
20
13%
-'*13 J/4
13'/a
8
29 J/4
;
66%
65%
66
20%
19%
19 Va
19 '/a
19%
87
88
37%
7 36%
37 J/a
21%
2 2'A
22 >/4
22%
27'/a
107%
22
22
27'/a
107%
22%
LOW
AND
34'/a
86'/a
...
86%
86'/a
36%
36 Va
21 J/4
22
2,800
-K
86'/a
36%
22 J/4
27%
27 »/a
-
60
.
>
.
5,600
.
'
7,700
27 '/a
27'/a
43
43%
43%
43%/
33%
32%
33%
•106%
107'/a
•106'/a
107
30%
30
30'/a
213/4
21%
5,200
v;
33 Va
y
'
107
'
•30
21%
213/4
30
9,000
6,000
15,300
7
200
,
30
22
♦21%
1,100
300
HIGH SALE
PRICES
Wednesday
Tuesday
Thursday
$ per
$ per share
Friday
Sept. 16
Sept. 15
Sept. 14
$ per share
3,900
28
22
27%
•106'/a
•21
*27
36%
•
43 J/a
33%
30%
Sept. 13
86'/a
•'43
427/a
30
Monday
I per share
86'A
34 J/a
'
107%
30%
"
27 Va /'
27 Va
423/4
'33
7%.7-y
7%
7
66
36%
43
7'/.:
4
•27
22
Sept. 11
7,700
66 Va
38%'
Saturday
y 1,900
'
88
42%
8
yy:;:'
19%
v-y
'
;•
7%
29
'
-
30
STOCK
2,200
7,700
13 V4
1
33%
EXCHANGE
500
13%
13 V*
'
•
66 »/4
66%
26%
lft
42'/a
43 /'
13%
f
66
•106%
47%
42 %
48
i3J%
36
100
46 J/a
•13 >/4
: 2,200
43
•86
-No par
10%
47 J/4
77/e
8
*27%
19%
Y
33
10 Va
13 Va
;y
7:13
13%; ;;;y:.y 13%
13%
<
28% >
No par
>:; «0
33
-.
7
10%
42
13%/7
663/4
21%
'.yv
-
152
'
10%
:/
•'
-
•145
■
10
22%
22%
v
43
13 s/,
66%
20
77
49
46
42%'7
13
10%
♦75
77-
23
33»/4 <•33% 7
42%
-y
•75
"
i 152
•147
10%
32 J/4
•lOVa
13%
•
76'
•
-*21% V 22%
•
156 77 i,/ *147 TV 152 7'77
*40%
r
No par
Par
110%
*93%
12%
>
•85
No par
Sper share
24%
*87%
113
12%
24%
93%
*89%
33'/a
77/a
common
100
100
22%
105
*92
.
,
101%
113
No par
com
5
Colorado
99%
22%
*
34% '35%
13%
•101
1
com
100
•83
7
63 Va 7.64
/
No par
Co—
10
com
,
.
110 Va
13%
V *27%
NEW YORK
.
53%
92
100
Quaker State Otl Refining Corp
Range since Jan. 1
Highest
Highest
52%
35%
•>
STOCKS
Year 1947
52
17%
89
1
preferred
Range for Previous
Lowest
52%
93%
35%
l
(The)
52%
105
36%
13 Va
100
Pnrltr Bakeriee Corp.
July 12
25% May 25
Cll
54
53%
100
"
17%
*53%
52 Va
110
86
•90
$1.40 div preference com__No par
Ino
:
No par
Pure
•'
7
'
17%
•87%
Pullman
May 18
108% Sep,. 3
13
36%
m
\
110%
preferred series A..50
of
*17J/4
52%
24%
1
Power
Co
17%
55
" 24 V4
44%
Ac Gas
17%
54%
53
95
preferred—No par
class B
Service
123/4
51%
•10 Va
Pub Serv El
/ 42
8
84% Dec
Public
25
102%
54%
24%
•92
38
common
Publlcker Industries Inc
$4.75 cum preferred
6
24% Jun
27%
101 Va
17%
22%
' 34%
xoo
(The)_
conv
*26%
*123/a
*
54
22%
36
No par
Procter A Gamble
30 Va May 15
53
Jan
5
40% Mar 17
*28% Feb
Oct
4%%
273/4
102%
17%
*99%
100
—
Electric
*26 3/4
>101 Va
200
50,700
54%
23
•83
8
com new.No par
preferred
Pressed Steel car Co Inc
Apr 26
39% July
21
Aug
2
26% Sep 10
106%
Potomao
28% May 25
94
A Co
11
600
''
17%
100
•110
3
Pond Creek Pocahontas
Poor
10 Va
27 Va
'
14 va
12
102%
-
98
13 Va
12%
24 Va
Plymouth Oil Co.
24
35% May 21
71% Jan
9
27
Y 32% Jan
4
Jun
*95%
*
98
■15%'
31
"
Plough Ino
-
-
*96
300
270
*30
12%
223/4
loo
common
Pittsburgh Young Ac Ash pfd_
Plttston Co
70% May
17
38%
r
100
No par
preferred class B___
12% July 28
28
102%
May •
18% May:
85% Dec
53
preferred class A
..100
5%% 1st aer conv prior pfd—100
Pittsburgh Ac West Virginia
100
46% July 13
0% May 10
71%
87
;
/21% Jan 22
convertible
7%
16% May 20
14 Va July 12
11% May 18
16
53
6%
7
Jan
May
54
Pittsburgh Forglogs Co
l
Wayne 8k Chic Ry com—100
7%
gtd preferred
100
Flttsbuigh Pint# Glass Co
__10
Pittsburgh Screw 8k Bolt
„No per
Pittsburgh Steel Co com.
No per
,2
Jun
14%
8
51%
Pitts Ft
July 15
94% May 14
82% May 10
26>/a Jun 24
73% Feb 38
71% Mar 9
15
$5
-
Sep
15% Nov
53%
50
Pitts Consolidation Coal Co
1
31
'
*17%
56
par
Apr 14
July 15
18
Dec
17%
•54%
No par
Pitts C C 8k St Louis RR
100
Pitts Coke Ac Chem Co com_.No
10
38%
13%
*17%
28
preferred
Plllsbury Mills Ins
64 preferred
8
13
17% May
19% May
11% May
12%
No par
Phoenix Hoaiery
•
July 28
36% July 15
23% Jun 15
26
series
*26%
•100
101%
100
cumulative
31
,
40%
107
105%
'
Phillips Petroleum
93
16
Feb
Jan
3.60
:
98
98
27
•101
'
-1
preferred
5%
5
Sep
15% Jun
11
187
89% May
10% May
113
Mar 16
148
140
Jan
34% Jan
11
Jan
18
f
27
,
12%
No par
common
Phillips Jones Corp
7
103% Jan
•4% May 12
r 10% Nov
Apr
14% May
14
Aug
42%
May
8% May
171
110
169-
7
114
10
303
-
33%
Mar
32% Dee
18
'Dee
Feb
30% Feb 25
»8% Apr
1
Oct
108
28
102%
12%
,
2
13% Sep
juij
63% July
♦26%
•101
'
•
*39%
107%
/- 11%
12%
$1 div preference com
4%
'"*30
12 Va
12
12
1
Corp common
3%% preferred series A
3
31.
.*30
19%
19%
40
39%
107%
y 11%
12
No par
Philip Morris A Co Ltd
30
19
,
12 va
Phlla 8k Reading Coal A Iron
1
21,400
,
v
41
107%
; *13%
100
Philco
8
37% Sep
97 Va Jun
19%
19 Va
*40
•106
14%
Xl7%
6
9,900
121,800
*13%
1
17
A
14%
95
Sep
18%
18%
41
107%
30
105
Jan
17%
'/a
96%
•92%
25% Mar 16
"10
110
17%
33
96%
104'/a
83
110
17%
*/o
*13Va
100
87
1,700
17%
15%
100
Feb
110
700
r
18
29
Va
ft
32
97%
100
Jan
*108%
*27
Shares
10%
173/4
17%
♦13%
preferred
20% May 22
45% July 9
30
*96%
preferred
98% Mar
81•
18%
31
<
preferred
19
Dec
*30
4.3%
22
88
♦105va
3.8%
Jan
43%
*39 %
107
4.4%
Jan
109
19
40
8
28
110
18
*27%
the Week
'
18%
40
106
10
Nov
*1083/4
10%
18%
18%
30
■fir
11
•10%
Sales for
.
t per share
"
103% Jun
Jun
18%
•27%
Friday
Sept. 17
$ per share
10%
18
•
177/a
32
28
111
10%
17%
17%
Va
Jan
Aug 31
10
*1083/4 .110
110
17%
91
35%
Dec
•1083/4
9
14
Deo
v
115yaJun
Oct
Dec
.
STOCK
21
16%
88
preferred
Co
28 Va
28%
Thursday
Sept. 16
$ per share
ibV«
*27%
CLOSED
-33 %o
Electric
17%
*27 Va
No par
preferred
Phlla
10
Jan
May
88
14
10%
18
104
Jan
31
247/a Jun
$ per share
173/4
EXCHANGE
Wednesday
Sept. 15
;
-100
Phelps-Dodgc Corp
Philadelphia Co 6% preferred
$6
'.*■
$ per share
SALE PRICES
Tuesday
Sept. 14
,
.100
Pfelffer Brewing Co
Pfizer (Chaa) 8k Co Inc_
July 13
55
May 19
104% May 15
5
21% Feb
104
"l0%
20% May 15
5
95% Mar
Jan
120% Aug
109% Aug
2
(Chic)
Petroleum Corp of America
64% July 12
Apr
49%
/
4%%
21
(1159)
10
10*
24 »/e Jan
38%
37
preferred
Power 8k Light Co
No par
Rights
__L,
Pennsylvania rutPennsylvania Salt Mfg Co com
10
3%% conv series A pfd
100
Peoples Drug Stores Inc
5
Apr 22
20 %
99% Aug|27
13%
Penn
45% Jan
8
8% May
'
5%
6
48
22
19
Sep
14
Sep
9
Va May 24
Apr 22
120
27
$ per share
Coal 8k Coke Corp.
.10
Penn-Dlxle Cement Co.
Penn Olaae Sand Corp coco—No
par
32
39% Aug 12
Nov
Jan
Sept. 13
Perm
7
20% July
'
Feb
2
Monday
Sept. II
Par
20 Va July 13
Sep
Saturday
.
$ per share
18%
29
CHRONICLE
LOW AND HIGH
STOCK
EXCHANGE
Apr
*107
FINANCIAL
STOCKS
Year 1047
Lowest
&
Sales
Sept. 17
S per share
share
for
the Week
Shares
tper share
r
7H May
10%
Feb
$8%
Deo
80%
Feb
8%
Dec
15%
Jan
94%
Dee
105% Mar
88% May
17% May
32%
28% Mar 11
Dee
22% Feb
38%
!
Feb
17
DM
S3
Nov
39
July
18% Feb
9% May
Oct
May
13%
108% Mar
16%
DM
Nov
29%
Feb
17%
Dec
20
27% July 12
36% Feb
24
45
*
31
16
39
;Jun
Feb
10% Feb 24
101 / Jan
11
Feb
64%
Feb
17
Aug
11
Jan
95% Jun
.
Deo
Aug 24
39
May
124
Dm
15% Feb
8
111% July 14
21% May 15
10
82% Feb
17
96
Peb
5% Feb
20
8
19% Feb
27
Jan
Jan
92
-
Apr 19
May 15
29% Apr 22
1043/a Jan
5
Mar 19
10
No par
t
Reynolds
Metals Co
Jan
8
Preferred
Dee
15% Jan 26
49
Jun
21
Feb
21
Aug 11
28
Jun
15
10% Mar
5
Aug 18
19% Feb
15% Mar
Oct
17
58%
36%
Oct
12
July 12
29% July 12
8
46
'
4,700
20
*30%
31%
300
32%
700
32%
100
24%
600
45
200
32%
32 3/4
32%
32%
•233/4
243/4
*23%
13%
•13%
•100
.10%
13%
•100
'1
14%
•
45
: :
.*36
....
46
38:
7
105
14
■
,*45
<*35%;
;
38
•
7 Va
10
10
,
103
'
37%
*13%
14;
400
13%
103
*100
7.
T
18%
18%
18%
18 Va
20
2,600
•22%
23
<103/4
10%
62 Va'
♦80 »/a
62
62%
;..V\ ;
■/; 11%
97%
97%
>
11%
18%
10%
>
V
:y
18%
183/4
10 Va
10%
100
22
300
*103/a
10%
<
*59 >/4
61 '
12
99 :
18%
12
40
:-Y
99
18'/a
,18%
10'/a
5
10%
100
61
11%
99
.
v.
200
18%
y
7,400
■
10'/a
2,600
•>..■
;
'
3
3
73/4
y. '.-r, 6i
y.' 12 7
V
*96%
:
99
18%
yr:;:,
Kv, 9%
*10%
12
*96 3/4
12
.
10%
*21'/a
10%
10%
22
21%
11%
*10
22
•10
10
21%
10 Va
3
50c
28%
3'/a
3
7 Va >
7'/a
7 »/4
105 i
♦94%
•;
com
:
3
-
;
3
7%
6 Va
series
29%
293/4
106%
17%
T
177/a
95
95%
6
95
6
♦993/4
-
*104
•y
■■
10
3
3%
*7 >/4
^
5,200
3'/a
* 7 '/a
2,500
...
.
900
29%
.
7%
30 '/a
21,000
106 »/a
7%
6
•104
106 »/a
200
6
v
101
•100
17%
2,400
95
:
6
22'/a
22%
22%
1003/4
100%
V
<
95
95'/a
*94'/2
6
17 Va
18
17 8/8
;
6 J/a
23
22%
;
1063/4
<
'
18
7?
30
29%
-
95%
•94'/a
23
1013/4
30
106%
/.
173/4
..
6Va
223/4
22%
993/4., 993/4
-
50
6 Va
7,600
.
22%
*
,
90
100
99 J/4
1,000
'
8%
36%
<•46
I9
3.60%
-
17%
17
-v.-t-
100
29
•104
29%
105
37
:
-
-
*8%
87/a
367/a
~
37
•46
47%
*86 Va
100
Rheem Manufacturing Co
Richfield Oil Corp
*'
8%
8%
*8Va
37
365/a
36%
.
8%
8 '/a
37
47%
•46
47%
*46
*85 J/4
87
•85%
36%
47%
86 Va
86 Va
87-
-
4%%
conv
preferred
—II
*
-
21
;
32%
1
No par
Rltter Company
No par
Roan Antelope Copper Mines
Robertshew-Pulton Controls Co..1
""
34
87
21
Ruberold
18% Jan
6
(The)
Ruppert. (Jacob)
21'/a
33
34 Va
•23
5
5% .•■/
10 Va
25 Va
•20
1
21
10 Va
*
'.23%
9
t
24"
5Va
10
Ronson Art Metal Wks Ino
Co
!
41
♦22%
Royal Typewriter^
May 28
V
21
72
22
12% Aug 12
/14'/a
•10
19;;;fv.
9%-
22% Aug 30
27% May 27
Mar 16
54% Jan
For footnotes see
page 26.
7% May 21
14
Nov
Feb
24% May 18
5
24%
700
k
95
•
•46
,
8%
200
37 Va
7,100
47%
•86
100
87
"
20% Mar 16
20%
18%
2.60
Common
1
31
32,100
♦92
'
7
•10%
-
97%
:5;Z-*8 %
Jun
Feb
•96%
B%% convertible preferred.—100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
50
25%
103%
14
,
12
22%
2
•
*35%
14 V
,
62Va
11%
No par
113/4 May 26
94
•45
38 y'
103%
*61%
•
1
—
I
Drug Inc
41% Jan
May 6
86% Sep 14
-
11%
1
preferred
11
6% Feb
Dee.
19% Sep
43% Mey
5%%
23
46
108
20
Revere Copper A Brass com—No par
Rexall
7% Feb
Feb
46 Va
7%
•32
24
,
71%
7%
31%
32%.
33
•23%
*70 3/4
■
'
35% Apr
18%
13% Jan
100
.60s
Republic Steel Corp com
.No par
6% conv prior pfd series A—100
Feb
Dee
♦32
-
11%
'
95
:
32%
■
.
72
•30%
31'A
32%
24 Va
14
21% .21%
-
Feb
,
14
•10%
1
Republic Pictures common
$1 convertible preferred
16%
50%
y 31
12
12
73/4
7%
•93%
95
*44%
10%
preference
Mfg Co common
Conv pfd 3%* series
Remington-Rand common
44%
104
Apr'
Jan
Apr
11%
Jun
103
7
,
.
Republic Aviation Corp
5% May 20
11% May 21
31% Jun 14
•13%
•10
prior
'
32%
33
;£
7%
•93
7
7y-";:
'
12%
71 3/4
7Va '
*35%
»
14%
Co—
31
24
45
14
7
Sep
2
6% Aug 27
22% Feb 11
-
...
•103%
A
31
.
>
"
45
50*
(Robt)
$1.25 div
95
*32%
23%
100
8
3
23%
preferred
29% Jan
Feb
-
;>35% ,37%
13% May
Feb
95
:
:33;:7y::y 7
£
1%
7%
yy:. 32%
*32 »/a
5o
5
17
110
Dee
Dee
;
7;
33
50
Reliable Store* Corp
,
"
31
32%
■
2nd
Reliance
99
♦30%
y '■ - /y y y'
■: ?y ":
7/7:7.
95%
1st preferred..
preferred
73/4
*95
Reeves Bros Inc
7
Aug 4
15% May 21
/
IP/4
72 Y
11%
71 Va-
■
..
non-cnm
13May 24
66
:
11%. 12
%■ *71
' 72 .77
7% :7
non-cnm
25% May 21
17
70%
x75/a
4%
13
Mar 17
12
CLOSED
4%
Real Silk Hosiery common
27
; Sep 16
11%
70%
50
common
10
30% Feb
113% May
24% Feb
9
May
36% May;
45
May
17%
Reading Co
25
8% Feb
1-
May
IS
preferred
18 % Aug
8%
Deo
13% May
•% Sep
$2
No par
1
common
Oct
15%
82% May
19
Rayonler Ino
'
-
STOCK
EXCHANGE
100
$4.50 preferred
Rso Motors Ino
33%
-
4% May
3% Dm
9% Dm
U
61
14% Jan
pfd
Raybestos Manhattan
2
May 21
1
Ralston Purina Co 3%%
9% Jta
34% Jan
90
18
9% July 19
21% Sep
10% Feb
102
19%
Radio-Keith-Orpbeum
Apr 27
15% May 27
105% July 12
21
11% Feb
Radio Corp «t America com—No par
$3.50 conv lat preferred—No par
May 17
16% Feb
Dm
6%
July 28
35
Nov
91-
18
*36
28
13%
14
34% Jun
20
Jan
96
101%
17
Rels
14%
80% May <
10% Deo '
63
Feb
31
Jun
75% May 27
11% May 19
98 % Jun
4
Mar 31
Feb
22% July
48% July
11
91
15
27
32
Dee
9$
7% Feb
41
16% May
:
7% F«b 20
63% Feb 11
•25%
24
7
203/4
33 J/4
*22'A
20%
-
20%
34%
,•
24
5Va
*5
5'A
10 Ys
10
10 Va
33
~
•22%
:
;
-
9%
25%
25%
20
20%
•197/a
20%
21V4
21%
21%
21 J/a
65
633/4
63%
*63%
64 »/a
13
*12%
13
•12%
13
25%
•20
.-
5
100
5
10
25 «/4
25 J/a
25%
20
20%
1,000
14,900
33%
22'/a
10
-;
21 Va
26
20%
22%
10%
•21
20%
J/a
,-32 Va
33%
24
5
5
20
20%
20'/a
21'/a
1,800
3,600
1,000
j
1,100
'
Ne par
g
♦62%
12%
'
21
63%
12%
"
63 Va
*12%
.-
-
21 »/a
400
64%- 64 Va
600
12 Va
200
12%
to
CHRONICLE
THE COMMERCIAL 8t FINANCIAL
(1160)
24
STOCK
YORK
NEW
»
■
*
-
Lowest
Highest
$ per share
% per share
t per share ''
Jta
•8%
12%
Jan
37%
Dee
1»
•% Feb
87
Jan
68
2
68% Dec
Deo
60%
Deo
Jun
12
Oct
8
Feb
•0
Deo
98% July
79
Feb
18
X20
Dee
26% July
17% Sep
15
100
-
13
Jan
Jun
101
%%
Safeway Stores common
2
16
Jun
8 %
51
May 27
90
49%
Jan
5
.
13%
Nor
13% Feb
13
15% Jun
•3%
Deo
98% Mar
81% Feb
20
87
12
13% Feb
11
Feb
19
26% July.,062% Jun - 7
15% Feb
10
20% Jun
44
Apr
-
-
'46%
46%
*46%
.'90
90
*88'/a
*90
90%
14%
33
43%
Mar
35% Feb
Deo
Mar 25
b
5% May
30% May
40% July
31% Feb
11
10%
10% Apr 29
6% Mar 17
10%
Oct
6%
16%
Deo
30%
*
10% Feb
Deo
10% May
101
Feb
Feb
110
22'
■<22%
55.
12% July 12
Feb
94
t
.
8% May 10
14% Jun
1
•
Jan
104
26
a
,
-2
preferred
36% Jun
11
44% July 15
17% Feb
11
27% Jun
88
Feb
25
78
10
Aug
4
15% Jan
2
Shattuck
12
Mar
9
13% Jun
1
Sheaffer
11
Deo
40%
Oct
30
33%
Jan
18
May
70
Deo
82
Feb
*
14%
Deo
21%
Feb
i
11%
Deo
22
Feb
-
''■*
7
A
r'7
No par
•95
34 % May
33%
6% May
r-
4
.
Feb
■■
41
39
51
Apr
0
27% Feb
14
f 36
Feb
35% Mar 13
•44
14
May
18%
Deo
Mar
117%
Deo
May
4
Oct
23
39% May
Deo
39%
12
•95
32 Va
33%
Dee
35%
17%
40
14
SLoss-Sheffleld Steel St Iron
3-
7%
3% May
8% Oct
Jun
90
Apr
19
98
July
9
19% Feb
Feb
Cv3%'Au9 23
8% Mar
Feb
*6%
*14%
May
86
Not
42% Dec
17
Deo
34%
Jan
July
28%
Feb
33
*34% "Apr
37
May
87% May
v
18 V.
16% Jan
.
South Amer Gold
South Carolina
6%
0
5%%
Southern
28
Aug 27 ;i
*62% July *9
-
Jan
33% Feb
11
50% Jun 23
Feb
58% Feb
20
Aug
70
70
July 12
T3: Jan
•
Mar 21
60
Natural Gas
Common -wd
Southern
;
-
.
Co.
«, *
.
.i
-
A£ -
r
Railway
el
12%
39 Va
:•:
28%
preferred
non-cum
May
20%
4% May
Feb
,
33
33Va
18
4
5% Aug 10
Deo
93%
Jan
33% Sep
.16% May
24%
73
8
;
68%
17%
Deo
90%
■
99
Nov
13%
112%
Deo
83
Deo
37%
102
17% May
36%
Feb
2
"15% Feb
10
£ 21% Aug 19
96% 8ep 10
Jan
22% Mar
Aug
82
Jan
/-
12%
•
28%
27%:
12%
12%
r,Sr
;
>43
■
>
•
29 Va
64:: ;••!.,:•
28 Va
59%
46 % '•• '••
i
71 '
-/ >
V
29 ?
28
27%
.
59
59%
..45%
63%
46
,46Va
64
&
July
44% July
80
July
31% Aug
,
94
Jan
Deo
105
29
29% Jun
10
27
106
27
27
73
Jun 15
.53 : Jun 16
Jun
':'•
69% Feb
11
02% Jun
35
Jun
Feb
17
97% Jun
11
17%
Feb
11% Feb
10
15% May 21 2
49 ;
Feb
38-
Feb
11
47
Oct
37
Feb
10
43% May 11
41% May 20
May
13
May
34
Deo
88
Deo
30%
18
Jan
49 "
Jan
11% Mar
.
6
32% Mar 12
.
104% Mar
88
Feb
Nov
36%
Oct
27
Mar
13% May
19%
Feb
12% Feb 11
14% May
19% Jun
24%
Oct
21% Jan
10% May
17
Feb
16
25%
Feb
15%
Feb
'
May
10% May
103
July
61
May
114
Deo
7%
Jan
17
8
•94 ;
12%
32% May
8% May
45%
17% May
101% Jan
24%
Jan
13% Mar
160
18% Feb
Deo
13
May
May
47
140
24% Feb
30
Mar
14%
Jan
30%
Jun
37%
20%
Deo
18%
Deo
79%
Deo
•H May
28%
Oct
Jan
Feb
104% Mar
10%
8
11
Mar 1
Feb
Sep
16
36% Jan
14% Sep
17% Feb
13
22
17
27
20 £ Jun
80% Apr 21
4% Mar 12
preferred series A—
Standard
Steel
(The) L S
3%%
91
$ per share
10
May
Range since Jan. 1
nighest
Lowest
$ per share
14
>
$ per share
Fob
0% Mar 10
64
14
17% Feb
27
47
13
46% May
58% Nor
Feb
20'/a Sep .10
15%
Jan
34%
Deo
29
Feb
Jan
58%
Feb
45% Feb
13%
Deo
15%
Deo
11
12%
Deo
15
25% May 8
71% July 12
23% Sep
..
3
Talcott Ino
19%
Deo
17
48% May 13
Sub
Texaa A
Aug
24
21%
28
14% Jan
8
Deo
69%
Feb
28
Jun
30
IS
40% Jan
17%
Feb
12% Apr
15
15% May 21
$1.25
9
May
share
Textron
Feb
7% Jun
For footnotes see
page 26.
Land
62%
5,900
*
»40
.40'/a
*40 Va
40
-14'
500
:•'■
8%
•18
21%
21%
21%
38
38
1
;21%
2,100
600
M
*117 ■-V 119
12%
18%
18
12%
30
12,000
♦18
21%
22 M
21%
200
21 %
38%
38%
38'/a
38%
9%
9%
9%
,24%
24%
21%
*38
38%
24%
*24%
25
:>
9%
10
10
2,300
.24%
24%
*24%
700
2,900
600
24%
'
"173 V
186
17
*16%
17
*41;
•10%
:
42
11%','
31%'vr
14% r .'
30%
;
*176
185
16%
•41
42 .:•••:
>
r
■■
31
31%
30
14%
14%
14%
14%
14%
21%
22% *
'21%
22%
X21%
22 Va
85
♦82
85
X81%
81%
LOW
i
STOCK
0
*10V»
EXCHANGE
Q
CLOSED
4%
16V4
25
Mv 56
■:
■'•'■
■■
-
■■•'
•
■.■'•
18%
-
•10%
-
$ per share
♦10%
41%
10%
*4%
16%
55%
56 V*
55 5/e
56%
55%
42
;>
y.
•
♦7%
29
*13%
14
A
'
-
19 iO
19
19 Va
63
61%
62%
2,400
21%
.22%
207e
21%
6,800
42%
44%
43%
44%
56
56
:-y<: 43
43%
44%
*55%
14
14
17%
17%
-
7% '■> 7% •'••
*29
■-
>
«
VyA
*13%
7%
29
30
14
900
17,700
62%
1758
7%
29%
300
4%
16%
56V4
19%
56
17%
10%
/.
62 V2
13%
,
|A;55M-
for
Shares
21%
*54%
14
Sales
the Week
21%
i9y»
63%
22
70
1,400
62%
19
63
••4%.
56
14
•,-•-'•
*13%
175/B
7%
29
14
19%
Xl3%
13%
17%
177/a
■
'..j'
*10%
10%
♦19%
4%
20%
/
$ per share
1«3'4
55%
f;;
6 i'
Friday
Sept. 17
Thursday
Sept. 16
I per share
4%
56%
T,«> 13 V*
'
-y;
-ik
16%
42%
*54%
S0o
f;.'
:
82
4%
4% Ai:
18%
100
1
22
:'*5%.
16%
19
Trust—
17%
21%
.
2,100
7,900
PRICES
Sept. 15
10%
100
5,700
*80 C;
5%
16%
63%
22%
No par
,
16%
4%
56%
62 V2
;
•
P 16%
4%
100
Vc 30
14% ; 14%
30
'
5%
'
Wednesday
t per share
,
16
20%
/•■;'
SALE
>»
Sept. 14
lOVa
10
•.
HIGH
AND
6
200
11
'
200
'
"■
5%
5%
Tuesday
.
.
No par
| /.•_.
*10
31%
5%
$ per share
42
14%
Monday
$ per share
*40%
42
11%
30%
,*82
Sept. rs
41
;
16%
*10
-
185
*16
10%
5%:
Sept. 11
134
17
41
'
5%
184 v
*16
16%
10%
11%
31%
85
•
,
*180
:V;:.
*9%
21%,-.:;-:
21%
85
*41
Saturday
conr, preference.—No par
No par
8
66%
12%
-
3,100
10,000
96%
65%
9%
21%
38
9%
190
par
1
ik
8
*94%
68 Va
119
12%
.*18
8%
96%
*117
.
18 Va
9%
■
ctfs
119
•18
9%
14%
1
*117
Va.
*94 Va
.; *66%/
12%
•16
:
new
8
8%
67%
■12%
*165
1
;
24%
96%
r
400
;
16
23%
12% V
*24 V»
9
A- Oil
15%
24
'
!
-
16 Va
23%
18%.
:
v:
37%
•'
'
2#
„
16%
16
,8%
67%
*
24y4
♦94%
117%
12%
1,400
1,800
17%
12%
X12%
xl7 ■/!? 117
r
4.16%
•
8%
94
3,100
*17 Va
17%
3,500
13%
12%
23%
68%
117%
18
,
96
68%
-r:
;
♦92
13%
12%
.
-
29'/a
13%
13
17%
,,15%
200
••
34%
13%
13%
;
24
♦94%
;j
"12%
,
16%
23 Va
8%
69
f
'14
34%
29
12%
18
2,700
40Va
40
28 Va
28%
13%
,
9,000
A, 100
■
.
14%
•13%
94
*92%
28%
93
...
39%
34%
34%
94
28%
12%
>16%
96
"•
T 18
loo
Thatcher Glass Mfg Co common
The Fair
'14%
35%
♦92%
13%
*17%
16 y«
.
12%
26
Par
preferred
.93
14 Va
..
«
14.
34%
28%
12%
118% W
1
Pacific Ry Co—
Ine common
conr
-•13%
13%
'
118
100
.1—10
(The)__
28%
13V4-,
8%
STOCK
Producing..
65% May 24
20% May 24
41
3,800
62%
94
14 Va
.
41
94
*
!
(James)
Pacific
40%
•39
*92%
"
28%
v
i
Coal
♦40
14
94
.
16
12.50
8ulphur
5
May 22
4,500
108'/a
*13 Va
40 Va
35%
23%' '. 23% ^
'
Gulf
10
Deo
23%
100
107 Va
*39%
14%
41'/a
-
::
'35%
,
No par
Gulf
14%
•/.
*93
94
♦93
14 Va
*13%
12% v,13-:;.:
*17%
17%.
-
B__——25
Corp—
Corp
Texas. Pacific
*40
---
*94%
(The)
Texas
Mar 11
4
44%
:
*40
"
*67%
.
Texas
T#xm
41
18%
Jun
62%
94
13%.
No par
■
•;.
*93
....
'
No par
'EXCHANGE.
$ per share
it
13
1
common
NEW YORK
Texas Co
52% Feb
Deo
"
67
68% July
63 Va
44 "
14
28%
1
preferred
Tennessee
24
•93
No par
;
;
Telautograph
10 Va
62%
:
35%
35 Va
20
:
Symington Gould Corp:
19% May 27
3% Feb
1
common
(The)
Corp
40
*13%
•.
8
Sylvanla Elcc Prod Inc com—No
•
11% May 21
5% Jun 28
Jan
109%
*97
108%
108%
'43%
62%
43%
.
40%
•39
15
Paper Co__
11
20 Va Aug
Jan
^
13%
♦39Va
.100
common
14% Mar 10
3% May
13% May
83% Sep
7%
1
Swift International Ltd
Highest
;
23
99
108%
109
23%
22%
*97
•
prior preferred—
Chemical
*'■
«
94Va,,
137/a
•
STOCKS
Year 1947
98%
62%
,
43%"-
♦93
50
^
Swift A Co-
3
Aug 13
23%
98
107 Va
63%
y
1
No par
preferred
Range for Previous
Lowest
100
Spring common
preferred!
convertible
Bweets Co of America
8
,7% May 18
23%
6,300
Sutherland
27
Jan
23 Va
98%
38,300
62 Va
Superheater Co (The)
No par
Superior Oil bf California——
25
Superior Steel Corp
5o
9
19
30
23
98%
"
f}
-
400
27%
28% Jun
16% Jan
20,500
88
75%
preferred series
Sunshine Biscuits Inc
9
10
,23%
88
43%
4% %
14
10% Sep
227/a
87%
27%
Sunshine Mining Co
Jun
24 Va
87
>
43 Va
Class A pfd (4 % % cum)
Sunray Oil Corp common—
4%% preferred series A
July 13
19% Jun
140
23 Va
87%
,
74%
11% Mar 31
44% Jun
97%
24%
87
27%
64.50 series A preferred.:
9
235
97%
24
'.97
75%
Sun Oil Co
21
11
97%
25%
75 Va
Sun
9
Mar 12
800
27%
7
Feb
110
,24
43 Va
Studebaker Corp
38
24
76 Va
1
43
24 Va
4,400
2,500
28
5%
* July
1
15% May 24
1
18%
27%
15
21% Jun
70
18%
75 Va
29 % Jun
26% Jun
70
18%
27%
Stone A Webster
14
,
27% Jan
21%
9% Mar
t
Oct
'
120
18
Sep
9
21% July 19
34% Mar 2
70%
75%
Sterling Drug Inc common.!
98% May 25
11
69%
Xl8%
900
4,400
27%
•11% Jan
31
10%
74%
Jan
9 % Feb
10 Va
75 %
18% July
113% Jan
27'/a
10 Va
■
28
20
Oct
24% v
27%
27%
S
Sep
70
*66
■
74 V4
Sterchi Bros Stores Inc
2
70% Jun
2,500
-
6%
■0 43 V.
Stokley-Van Camp Inc
17
/
10
v J»n
Mar 17
800
P 5%
5%
*5%
25
6
Sep
-<
25
18
50% Mar 19
16%" V16%
■
24%
10%;
1^"50
■;.
62%
43%
17
16% Mar 18
.800
;4;
y.t'
70
96%
23
'5,100
70
24%
71
*70
98
*87
97
45%
*62% '63%
88 Va
"24%
108
Starrett Co
7
-
10%
*96%
88%
22%
6,300
2,800
8,200
70
27%
97
97% ' 98
97
28
59%'"
45%
xs
'
6%
24% }
24
25%
Stevens (J P) A Co Inc
Stewart-Warner Corp
Mar
'
5%
27 Va
:
10%
10%
70
.
233/a
88%
36% May 21
16% May 26
/11% Jan
Apr
75% Mar
Jun
27%
23%
107
4%
.15% May 21
39 % Jun
6
97
9
xl2'/4Sep
109%
125
10
27%
58%
16%
,
*66
24%
I 27
23%
No par
3%%
10% May'
37
.-
•23%
25%
.: 2,000
:
200
Standard Oil of New Jersey
Standard Oil of Ohio common
41%
Jun
70
.24%
'
18%
No par
Callfprnla__No par
•66
iH
18%
No par
of
*5% .•:
19%
87 prior preferred
Oil
5 Va
6%
>18%
Com—JNo par
V
MM,500-
29
Standard Oil'of Indian*
14
91
Inc
preferred
5 Va
*5%
23%
*22
No par
Brands
cum
Standard
15
27
V '
a.Vv';£ /
.♦16%;
-5%
V
24% !?
70
,
6%
27
12% :
39%
>28%
71
19
$6 prior preferred
•
"
63%
s.
*70
.
16%
•16%
;
5%
•.
70
24%
70
18%
1
common—
i >:
24%
,70
Standard G A E Co $4 pref—No par
25
24% Feb
Wo par
preferred
-13.50
27% May 15
A Sons
♦66'
70
24%
!(
4
26% :'26%'-'- V 26%
10 Va
10% M i: 10 Va
5
(E R)
Standard
115% Jun 25
<36% Feb .13
Jan
$4
3
01% Jun
11
] 54% Jan
Feb
63
Mar
Jan
104
2
Squibb
*5%
•67
3
Square D Co
2
Feb
86
125
37% May
May 14
23% May 15
-,5%
•
'
\
5%
1; 500
•••*
47.
12%
45%
63%
Q: 71
r
6%
:
*36% ; 38%
59 Va
45 Va
>
64
•70
'
3,200
'
54%
39%
r,--,..
; 2,000
;
■
54%
*43
800
28
63 %
•
,
:'7%"
M
30,200
-
'i
'.•; !4M-'
■
100
:v
'
1
99%
"
•
*70 4,-
46
13
29
28
'
•
59%
58%
.
.
7%
400
'* 30
■% 200
21% ;;
18%
18%
•99:
•
38 V-
*36
27%
28 -iV-'
27%
>94%
*20%
'
400
.{"300
"Mwi T-f
84'/a
39%
39%
37 Va
f
•93
*32%
47
.*12%
12%
29
-
/
7%
37%
'
4
4
••••'.:
*82%
i
99%
(
100
39,400
f :,; 900
■•
••
29%
21
.
'
; 21%
Va
'600
i;400-
'.
24%
115
.V
'
.
'
Va
21%
,*54% ? 54%
39% ^ AO'/a,
27%' .'28 •••<."•'•
;.
59 /
5%
1
300
~
39
24%
18Vat. 18%-,
•
*44% .-45
40%' ;40%
•5 V»
-.1
1300:
6,600'
f
*28%
84
*99%.
'
- -~V,
10% ■; 16%
V
No par
...
74
29% Jan
1
>:
"
37%
"112
93
•20 Va
21 Va
100%
,
;
13
71
No par
^.1
65.50 preferred—.—1
Spencer Kellogg A Sons—
Sperry Corp (The)!
Spiegel Inc common
Conv $4.50 preferred
May 15
19% Feb
114% Feb
May
63
14
97% Feb
May
89
23%
i
•
Hi
Feb
81
60% Mar
5
Jan
18
01% Mar 17
Feb
Jan
73
29% Jan
20
7% Mar 10
Feb
18%
45%
Nov
Spalding (A G) A Bros Inc
8parks Withington
Spear A Co common—
25
M8% May 27
30% Jun
Feb
13% May
26
63
Aug .25
23% Mar 18
Oct
37
Feb
20% Feb
31% July
May
20% May 20
: 7% Jun
Mar 10
Feb
Jan
May
13 Va
28J% ;28Va
33%
93
'
i 47 «f-'.
Vnt
*82%
84%
"55
•v
I"
7%
14%
0
100
1
22'/«
••
18
1,300
;
11 Va
,
29%
29'/a
Iffy." 18%
55
•' 29 V.
63Va
.77%
,
*38%
116
•••••"■.. *21%'
3% - ;:::4- '-M •>.-3%t;:^4
* 7% '
7 % V : 7%;,
*54 Va
29 Ve
45%
;
2,000"
>
'4,800
39 Va
*112 •-:
t
22
•20%
101
-29 Va
100
6,900
■
22
4%
28 Va
93% .'94^?,
•'•^7%
7%
'
100
Mobile A Ohio stock tr ctfs
40
37
'•
5%
M:^'!3,IOO'
32%
v
*12%
; 24%, 24%
25 Va
113
%
100%
29 %
common__No par
37 Va
*38 Va
39 Va
24%
112
;
38 Va
58%
12%
37 Va
28%' 29 Va
•
♦37%
.
M,y\ 400
6 Va
r
38%
27%
63/a
*10%
•
■4%
•
18%
41
27%
•76
10%
'
- -
1,900
12 Va
X21%
6 Va
•82%
38 Va
No car
100
17,400
6%
it
32%
♦4%
•32%
40%
7.50 '■
-
Southern Pacific Co
*6%
*39%
6%
1
21
*44
-.
•
300
800'
1,900
96%
37%
84%
100%
•'
♦12%
*76
V
"
•
11%
'.
22%
■
-'• 2,700 •-
38 '/a
*6
*11
40%
.
10%
33
21
*44
preferred
—...i__28
Southern California Edison..
25
30% July 12
27% Aug. 26
11
preferred—
conv
.77%
43%
38%
,-v
;•
18 Va
77%
-22%
*28%' 29%-
-18%
;
*'■
:
56
43
v!
32%
is
1400
40
18'/a
,
12%
37%
94 •-■"'94 ••.•:-'■-'•
'
-
/■ -65'
55
•
Mo
My 50
14%„. pr
22 Va'.
98
32%
v.-
y.
22%.
7Va
12%
22%
29%
*82 Va
.21%
\7% '"
J—50
8%
30% July. 9
'43% Feb
1
Co com.4.50
1
Southeastern Greyhound Lines.
I
South Porto Rico Sugar com__No par
43% May 24
42% Jan 15
Mar 17
A Platinum
E it O
preferred
..*6%
♦95
800
:
90%
c
56
-
6%
<v. 4% •-"•. 4%
.
21% m
32%
•'
■
-18%
0
5
,
::
♦12% "13%
.
25%
^
"'
--
100'/a
•20%
22 V.
: 10%
112%
*28%
■94%
♦100V4
,v'4 "•
pfd.100
•'.;
38%
5%
39Va
21%
;
82 s""
'
Solvay American Corp 4%
81
60%
82
•94
Socony Vacuum Oil Co Inc———II
May 17
7Vi
12%' V98
77%
:
28%':
"
25
32%
32%'
.
Smith A Corona Typewrlter_.No par
V 77
Nov
r
—-—100
;
4%
112%
29%
9
8% July 28
*
,r
82% I 82%:
'11%
1
2i'/4
29%'
10
0
.25% Mar ,10
'20% Feb 27
60% Deo
38
08
Jan
^21%'
14
45% Aug
57% Aug
12 •
Aug 11
36% Mar 17
22% Jan
37% May
40%
2—20
preferred—.100
*6
8,700
46
*y."
>r,:-;li4%
43 Va
11 Va
'4,200!
■
"28'/a
'
-
r.*90
:
22'/a
-
38 Va
■"v.
*32% >32%
:
40 %, 40%
6
♦38%
112 %M
jun
,
6 Va
*95
37%
28
.28%'
:Jun
v\
17
100
3,400-
;- k'r-Pk* 150
.
*89%
'.84:.
*V21%
11%
'
V
15%
.
•43%
38%
ll'/4
r'r>■
*4%
'40!-
26
Jun ? T
*
cumulative
4.20% > preferred!
•V
38'%
12Vi
11%
13
■
43%
76% V
•
♦5%
—19
Smith (A) St Sons Carpet Co e©m__20
3%%
..
'
6
112*/4
15
(A O) Corp..™
;• -70
'9,900
17%
109
45%
If Va
r
13
.•24%. •25%
No par
,
14%
23
<
*6
•
37.
;
'4%
23
4
39
84% Apr
5%
104% Jun
5
14% Feb 11
Aug 16
•% Jan
Nor
I
18
9
<
83
-
i 39%
Sep
99
■
43
24% Jun
35% Jun
15 rS
1
22%
♦10%
37%
36%^
28%
11
♦75
•12% V13%
1
5
Skelly Oil Co
Sep 16
♦
•39 V*
Sinclair Oil Corp
Smith
11%
—No per
21
Feb
"•10%
»!
m-' 90%
57%
32%
>
91
*18
■
40
22 V*
76%
...No par
Co
Sltnonds Saw A Steel—
21
81;
Deo
''
Simmons
May 15
B
93
Jan
13% Mar
ivvppoe
Corp of America
yi
;
88 V2'
V
28%
-
.
-.'i!
*89
-
•55
*
.
'•,
18 %
12 V.
98
.
32%
,
•
i- 22%
•74%
.1
1
———1—19
Silver King Coalition Mines.—
Ja»
160
.30% Mar 17
>
.
Sheraton
'
.
^ 14% 'yFS '.rv:,,-
14%
287/a
*90
.
?:
'7 '
V'
-
"39%
*22
-
Co
Pen
Oil
Apr 13
18
Oct
(W A)
Union
17%
-
6,500'-'
M
11%
>107%
46 Va
•; 43 Va
J1V4
•
14%
28Va
46
57 Va
6%
•'
-11%
"
■
12%
39%
-
Q)„_——No par
iFrank
Jun
11
10
15
102% Jun
Shell
Corpi
32% Jun
Feb
02% Feb
■v
29
97%
5
Jan
.
«•
19
15
7% Jan
7% May 18
28% Feb
*
0% Feb
37% May
46% Jun
6% Mar 17
4% Feb
Dec
9%
'
Apr
Apr 21
'
v:
,
18%
43%
•:;'984>?'Vi
31%
1
—No par
Sharp it Dohme common—_No par
03.50 conv: pref series A—No par
10
■•
17%
2.300
19,300
v
93
*
90
Shares
15
118
10% :
88 Va
for
the Week
44 'V
-
*89
-
109
84f-- :-r.'->.*82%'
•
•
*55
r
.
37% ,38%
-
.
,
90%
22 Va
57
-•;:
:;.9o
"<■
84
'
Sharon Steel
:
17%
*107%
47 v; -:
*14%
*
23
6 Va
38%
"12
.Shamrock Oil St Oa»—
11
Feb
30%
11
Sales
•
.
49 Va
*
.
*112 Va
V!.V>
93
.
*88
.r
<
14%
'■
1—1
—
!
29 %
♦90
'
43 Va
\11
84.50
88 Va
,
46%
18% /;
.
:.38
:
90
18%
■
f
»6%
No par
20% Feb
Apr
34% May
18%
43%
»
„
•>-
('28%
is
*55
55
44 Vi
Seegor Refrigerator Co„———•
0«lberllng Rubber Co
....1
Sorrel Inc commons
31
11
14%
:
84
.V-
22 V.
4
17%
:No par
Seafrave Oerp
Sears Roebuck St Co_—
July 20
42% May 18
v
9% Mar 16
Feb
Jan
8
*
5
v
47 :<••,.■
/.
14%
.
84
1—1
Seaboard Oil Co of Del—:
59% May- 8
11
108%
84
14%
•82 Va
100
preferred series A
f%
f
90%
•90
Seaboard Air Line com v t c.-No par
Seaboard Finance Co
14
89
••
90
'
Dee
113%
;• • 49 ■:
5
•
cumulative preferred—100
3.35%
113%
*
14%
Stovill Mfg Co 3.65% cum pfd_.100
Scran ton Elec Co (The) common—6
7
24
43%
17%
17%
v-198% 108 V*
29
93% Apr
88% Feb
Feb
14%
28 V2
13
102% July
18% Jan
19% Nov
14%
28%
9
V-49
?•;•<•' 14%
115 ;'r
88 Va
17% ;t.
Xl08%
.
15%
44'/a
i
i..
t per share
'43%
:=49
.•
10V» -,11V.
•-:'
90 .<
xl7 Va
18
/My
Friday
Sept. 17
•'"::• 14%
•89 '•'.. ■v.: 93.: ;>
i.
-
-
14%
Jan
Dee
93
11% •••'
"*88Va
90
109%
15%
*112
115
.'28%
95
Deo
v
>:
•'•' 10%
•
1.78
13
93
'.11 vv-.
17%
...
>
93
10%
•88 Va
50%
15
v
J per share
43% :-44%
109%
Sep
90
"
•88
115
*89
115%
115
CLOSED
Paper Co common..—No par
03.40 cum preferred
No par
103% Sep
24% Feb
'
EXCHANGE
Scott
40Y« Deo
/
8TOCK
-
49
,
■••:.
15% 4.
-44
N-'M'A
Thursday
Sept. Id
S per share
50
!
•;:
43%
—100
•
——
39% Mar 10
25% Mar
68
preferred
Savage Arm* Corp
Schenley Distillers Corp
Peb
Jan
11% May
preferred
non-cum
21% Jan
10
11%
85%
17%
Co—100
109
0
100
•
St Loula Southvre«tern Ry.
16
49%
.••,;15
13%
44
PRICES
Wednesday
Sept. 15
$ per share
50%
50
14%
SALE
Tuesday
Sept. 14
•
43%
HIGH
LOW AND
.♦»
$ per share
share
18
Lead-
15% Aug 24
35% May 21
?
7% May
39% May
Joseph
St Regis Paper Co common
1st pfd 4.40% s#rtes A
113
$ per
lr-fla'n F By Co 00m v t e—No par
Preferred aerlee A 9% vto
106
13% May 27
91% May 20
-
5
8% Feb
108
114% Mar
Deo
St
*
33% May
,
■t
6
48% May 15
139% May 28
Jan 29
Deo
9
9
16% July
11
07
•6
,•» 4
Monday
Sept. 1$
v'
,
Sept. II
Par
81% Jun
11
32% Feb
,.
Saturday
-
STOCK
YORK
EXCHANGE
>
.
f per share
\
39% Feb 24
Jan
»V« Ma/
May
40
NEW
Range sinee Jan. 1
*
Highest
¥ear 1947
Lowest
Monday, September 20, 1948
< >
RECORD
•
•»
STOCKS
Range for Previous
;1
:
7%
*75/8
29
♦13%
-
-
v
*55 Va
5,100
9,000
56
.
100
13%
13%
5,300
M 17 Vi
17%
1,100
754
29
23 Va
14
*13%
75/8
28%
14
500
.•■'
210
•
Volume
168
Number 4735
THE
COMMERCIAL
NEW
Range for Previous
Year
{.,'Lowest
$ per
share
1947,
-
:
:
t
9% May
Range since Jan. 1
Lowest
:
>
.
Highest
1 per share
t per share
j
YORK
NEW
YORK
LOW
$ per share
•
.
,
j
Feb
x7% Sep
13
40
14
10% May 15.
47% Jan
9:
The rmold
Feb
Feb
19
13% Apr
>"16% Jan >
24%
Oct
Third Avenue Transit Corp__No par
Thomas 8teel Co (.The)
J
1
"10-
16%. Feb
..
Sep
7% Feb
*
Sep
'
38
May
85
•
Dec
1
v
3%. May
f
59 Va
106
20 /-■• May
>• 18
i.
,
May
19
; Apr 30
8 % May 10
39% Feb 11
Jan
Mar
/4
85
Feb
Feb
Feb
-
13 Va May
14
May
•
21%
$3.50
108%
Feb
95% Jan
2
21%
Feb
17
Mar 17
23% May 27.
Timken
53%
Oct
44
Mar 16 7
55
Tlmfceh Roller
.
.15% Jan
22%
Jan
,7%
12
Dec
22
11
97% Mar
15% Nov
13%. Jan
21
5% Feb
112% Feb
•
Jun
15% Jan
Feb
2
33
Feb
92
Jart
36% Jan
100% Jun
27.
'7% Mar
5
4
Detroit
CLOSED
$4,50
11
'7
\
■7
•
..
14% Jao
Twin
5 %
5
Udyllte Corp
39% May 26
43
July 9
,
110
1
9a
25
90
Jun
8
Jun.
7;
Jan
24
38Ts July
96% July
8
1
Preferred
19% Apr
2
90%. Mar 22
*
23 \Aug:
15% Jan
27% Feb 20
*
36
*98
-v.
'<
11
3% Ma* 15
47%'May 20
*
46% Jun
58% May-17
23"
23%
106
Oct
Jan
•
16% Feb4 27':
89
Oct
15% Feb
92% Feb
196% Mar
7 94
Dec
37
/
25%
9%
35
Feb
39%
Nov
23% Sep
24%
Oct
14
16
53 % July 13
U S
Jan
13
58
U S
25% Feb
14
37% May 21
103% July
60% Feb
Feb
'38% Feb
11
Dec
165-
9% May 20
6
Dec
1257% Mar 19'
87
Ftb
51% July
67
81
Dec
i 61% May
Feb
v
80
Mar
Nov
23
31
Dec
•/ 48%
Feb
f
Jan
8%
Oct
8
Jan
12 %
Feb
86%
5%
•
Dec
17% Feb
38
Dec
52
May
22
4% May
23%
Dec
>13%
192
6% May 21
6 % Jun
34 V Jan
20
■A
•
Dec
29%
Feb
M% Deo
91 %
Feb
98% Junv
Mar 16
19
'
Feb
8% Sep
56
Feb
9 ' '.""V
Jun
*107
32 Va
/•'• 32
89
90 Va
47%
47%
35 Va
109
♦107,.,
12'A
r23/a
77,4412%,
V;
67%
67 Va
:
.v
22 Va
30%..
*30'A
4<V
5 Va
3' 4
3 Va
43%
-6
6%
:
30%
♦47
4 *40%
51%
207/a
147/a
*51V4
51%
20%
20%.
•47 14
3
41
10% Jun
•
10%
8
7
*30
•"••
14
24
70
May 20
3,800
v
200
3%
:•
•4,100
48%
20
•
.
3 Vb
3
1;
■
3Va
■
45%
22,500
-
46"
"4,900
6%
614
;
6%
69% V 693/a
70
'
*23
4- 41
23% 7
41
800
150
233A
,
■>
.600
•.
v
41
51%
517/a
'V
513/a' 51%
207/a
20 3A
20%
14 Va '<14%
143/a
300
>143/4
'
9,600
1,500
"
10,400
4a ^,26%
44
r
94
^
*91
20«V**wM19 4 420%
99
99
%rv98
173%
i
*169% 173 % ?
-
"•
*10%
10% ..4;
*70 Va
72
|:
lOVa
-
.;
'7 7
-
26 Va
91
-
s
♦169PA
19%
98 Va
98
99'A
99'A
173.%
*1693A. 169%
*10%
70 Vb-
24--> 24%-
14%
14
14%
14%.,
1
'
14
10
33 V*
.
33 Va
*5%
A
•'7*8
9
*46
46%
46%
•55
57%
♦55%
"<
46%
10
57%
1
29%
29%
_100
90% 4/
,>89
lo
43%
preferred-VLlOO
29%
;
44
*89
Vv,:;
44
130%
90 %4
*89
44%-'
.«
130
..
30
*44%
50
45%
50
com
*67%
$6
conv
No par
100
132
17%
25
57%
29 Va
30%
*89%
44%
Corp;.
2d pfd—•
paeferred
No par
4%%
*24'%
17%
6%
21%
—100
com
*163%
1
18%
6%
V
7
9%
4*89
»
92 >A
44'
gi/2 .4 9%
-
2,000
810
473/a
1,700
68 Va
133
46%
-68
:
80%
68
79%
> 200
80%
133%
,1333/4
133%
17%
18v
18 Va
39%
39%
39%
24.500
2,000
18%
2,200
39%
*5%
5%
*5%
-•».
,
5%
9%
*93/4
9%
9%
9%
92 l/a
*89
~
4
4
6%i*"'■•*
6%.
21%
9%
173A
*6
50
*6%
22
165
8%
9%
21%
4
3,100
25%
.*"■ 100
'
6Va
•.
1,50a
21%
300
*161%. 165
9
59%
9
8%
60
:
600
900
♦l?.-- -17%
6%
*21 %
*161 Va
21% (:
8%
Va
;•:: *24 %
■:
92%
4T
/:
25%
*17-
165
*89"
4
*24
69/*
(•21%,
*161%
•
92%
4
•
.
165
8%
5%
(*24%: 25 Va/
(♦17k
; I7%t
,
-17%
-
••..-
♦161%
'
4: :>.■
25^
■
21%.
'
►
40
5 Va ""
V
4..7.
21%
165
<
9%
*24%
*17.
46 Va
"79%
~
4;
17%. 717%
*39 Va
' 5%
;
•89 47
17%77
•44%
1303A
-
*9%
26
80% *
132%-133%;
.
40
*5%
'
:
:r.4:.'74::
/
Laboratories Inc
L
Leaf Tobacco com_No par
preferred-.
Universal Pictures Co Inc
.
177/a
68%
79 Va
;
46%*68
68%
132%
*3.9%
5%; :•
9%. :9%.4.
*88.'/a; 92%.. 4
*5%
—1
non-c
4;
17% 7
40
•
*46%v 47% >
80
132%
92
44 Va
130
500
3,700
'
68%
78%
•
7^
46%
*68 s'
,
,
132 'A
♦39%
,
'46%:
68%
78%
78
_-__.No par
com
preferred
46
'5,900
9
;
*56%
130 Va
900
453/a
-
90%
130
130%
600
14%
45%
57%
29
1,000
5%
::; *8
47
20
24
143/a
9
*56%
30
*89
44%-
.129%
*8
200
*
33%
23%
143/4
*45%
57%
;;
29Va-
v
90 Va
7;:
44 47
A
129% 130
*56
30'A-
9
46%
46
.
14 Va
14%.
10
10%
72
5%
V*
2,700
173%
10%
32%
24
300
100
99%
5%
-
• ■
40
19%
*70
34
5%
24
-
•
♦8 -4
20
*33 V*
:
5%
5%
9
'
34
33%,
5%
5,900
'
*168
11%
-70 Va
24%
33
r;
/•'
*10% •11%
......
26%
90 Va
x90Va
19%
*70V». A 72
.•;•
72
-C6%
92
19%
:/*244^
33
<-26%'
92
<20%
20 Va
V
10%
*70Va
26% 427 Va
91
27V*:
94
*169%
J
5%
Stockyards
Universal
1
15% May 21
1,900
,3,300
31%
3%
*47
45%
227/6 ;
14% 4
24.%
common
non-cum
.; Universal
May 22
200
31
*20Va
:
v20% ;
*23 Va,
prd: series A—
Co
27%
26%'
United Wall Paper Inc common—2
V
4% .cum conv preferred
50
V Unlversal-Cvclops Steel Corp
1
11
170
>
'
41
51%
51%
4,500
,
v
21%
10
30%
30%:
*6%
•
7
4' r.14%
.
21%
*"•■•
483/4
*68%
24 :v.
*20%
14%
100
12
68
'
4"
,68
: •.•< *40%
41
12
:'-•, 3%
7
45
6%
68
*23%
23%
3,400
109
'
3%.
45%
6%
69
"23%
24%
*40%"•441 i^'.
1,500
263A
*64
4
31
47 3 %
•
48'/a,
45 Va
2,300
36'A
*107
•lOVa
31
3%,
7.
3.
45%
69
69
14'A
3%.
.47%
47%
26%
21%,
9%
*
.
,
32%
*30%
4
2,700
'
11%,
31 4
3%'
49%
21%
140
6,500
893A
.
*36
68
i
32%%'
12%
*64
■'
-6:.;v
-
10%.
30%
32%
3%
*48%,
•
22
J
.
<
109
4:12 Va
'
.4
66
7 22
V
4'
.11 Va
11'A
.430%,
12'/*..
.
66
.
270
81%
47%
26%
*107
.
96%'> '
81%
36
26%
109';
40%
89
47%
35%,,
27
900
700
,700
21,200
104%
"
31%
26%
...
700
:
■T 33 Va
40 Va
A
35%
,,,
'4
;
49%
20%.
,
17
23 Va Jun
17
Feb ' 6
26%
10%
*92
82%
44::
7:// 5Va
United Stores $4.20
21
Feb
150
91
190
1,000
513/4 :
104 Va
96%
32 % 4
47 Va
36
26 Va
40%
105%
*81 Va
„
No par
No par
preferred'
1%
15
Aug 25
16
Dec
cum
Rubber
/United
12% May 26
24
Mar'
48
33%
22 Va
51 Va
20
common
U S Tobacco Co
42% May 20
Feb
11% Feb
Dec
82%
.
No par
8% .'non-cum 1st
1%
8
2
13
40
200
t
«13
33
*92
common
U S Steel Corp common
1%
preferred
„
24
19% Jan
11
47 7k
33%
*164%
"lass A
Co
conv
U S Smelting Ref & Mln
Apr 21
% July 14
89% Sep
8
3% Mar 17
"
10
163%
83
Feb
1
-
72
Jan
10%
Dec
16
S
3% %
1
Mar 16
8% Feb
109%. Jun
*33%
n
Jan
4%
•
40%
104%.
•
*10
•
140% Jun
10
33%.
89'A.
V.
90%
123/4
33 Va,
;
8%
!
*51%
12%.
31%
,4
.
51%
96%
82.
.
104
*12%
'4
:
28
*51*
10
300
,
6%
8%
>
12%
*92 "
34%
28
Va
8
10 Va
40 >
104%
.
4
32.%
90
'
23%
"
7*
;
,
96%
32
45'A
*98
& preferred
/, r
Pipe
Foundry;
Playing Card Co
Plywood Corp common
U S
V
13
58% Jun
67%. Mar 17
129% Mar 16
Feb
v.;
6
66% Jan
Dec
150
.
Dec
41% Jan
U
94'
May 7 *
49% May 15
'.IV
38% May
*
*67
V
common
4%
9
137% Jan
40%
82% ,82%
;
if/ 3 Va I^
Gypsum Co
U S Lines Co
39'/a Feb
40%
*17%
r 2
49 v:
127%
45
*19
Leather
Oct
Jan
33
105%,
*92
3%
*91%
S
Feb
Dec
32%
31%
;
3
5
No par
Industrial Chemicals
July
■'
28%
•
100
100
*6'/a
52 V*
51 Va
V 12%.
433%
..
'
3%
No par
Partic &
46%
82
31%
No par
U
5
:
:
87a
7,200
102
*98
6%
28%
8%
101 Va
100
"6;
8%
v
4.,"
12%
11%
1st preferredFreight Co_
7
10
39
Foreign Securities
U S
73
23% May
133
<fe
S
Dec
7% Mar 30
4710%
lOVa
*98
28%
*8%
8%
102
'33%
6V»
28%
:
,
52%
22
>48%
v.
$4.50
r
May
Dec
Apr
'
8%
•
8%
102
100
6%
V
52
30%
■
_No par
9
21% Jan
*98
6%
28%
10 Va
12%
30%
Improvement Cor—13%
8% Jan
13
*33'A
:■
.*12%
68%
*11%
'
"
Sep
33%
33%
34'/a
100
39%
__1
42% Jan
Jan
4,000
*104Va
21%
10
.
36
4,100
20 Va
1
Jun
2
7% 'preferMd——■
17% May 14 ' V U S Hoffman Machine Corp:
1
5
Jun/ 4
4 % %
preferred
100
17
15%
20 Va
8 Va
'
761
7
32 % Aug 11
5 % Mar 15
9% Oct
Jan
16% Janr
46%
69% May
S
U S
9
179
10% Sep' 17
Feb
.
Yi 53%
6% May
V
U
113% Jun :
168% Aug 11
33% Jan
i
24% May 15
11
15%
•
12 Va
400
15%
"
*66
1,400
17
*16%
20%
*
89%
13%
17
15%
96 %
89
11%
16 %
'
U
11
Feb
3,100
13%
11%
20 %
15%
20 Va
40%
y
United March; ft Mfrs,Inc
32%. Ma* 15101/ JUn " 9
Feb^ 20"
20%
107%
United Gas
,
«
11%
13 Va
*
20%
33%
32%
_No par
United Fruit Co
May 24;
21% May 26
11%
*13%
105%
31%
—
11
1,200
16 Va
6%
82%
7%
preferred
100
United Electric Coal Cos_
6
United Engineering AFoundry.^—5
3
'
50
11%,
39%
United Dyewood Corp common—1
9
May 27
82% Apr 22
28 % Jun
49%
'50
15%
33'A
82%
„
50
13%
*104%
preferred—100
!
2,200
49%
16%,
*33%
107%
$3. preference
420
20 Va
13%
28 Va
107%
*
101%
20%
20 Va
12%
<•*92
14,200
101%
20%
147/»
10%
32
27
101 Va
20%-
16%
20%
52%
<
26%
V
101'%
13%.
8% ••,/>•;::: 8%.
12%
27%
200
102 V»
29
10%
new_50
United Corp common—
r
27
20
2,800
'
*27
207%
11 V*>
*98'
52
v
,
I
No par
United-Carr Fastener Corp
No par
United Cig-Whelan Stores com—30o
$3.50 convertible preferred
,100
Juljf 7
5 % July 15
27%
1,600
3%
.
101 Va
28% '
50-
6%
28%
3%
29
102 V8
100
8%
United CarbonrCo
55>. Jant';5:
3 %
*27;
11%
'
Corp
92%
102%
48 Va
Carton
57
•91
*102%
26%
&
*56 Va
91%
'
7.'.* 6%
Va
56%
91%
28%
27%
-
8
56
92%
101 Va
-■
*8
1,000
8%
35%
Board
27%
14%
34%
United
2
'
35% July 12
•<'
8%
22
57%
•
280
1.000
8%
r
26'/4
cumulative
*8
400
"■
8%
16
35
28
BiscUit Co
213A
8
8%
20%
47%
4%%
217/s
8 %'
13%
20
—V— r——„60
United
6v
8%
50
7
103%
Union Tank Car
—No par
United Aircraft Corp common
9
5% convertible preferred
100
United Air Lines Inc common
10
2
30% May 1910% Jun
3
Shares
413/4
8%
16%
;■
15%
1
new.
*73A
413/4
9%
21%
2 LVa-'
27%
20%
7%
41 Va
9Va
11%
8%.
*33%
1
Union Oil of CaliforniaUnion Pacific RR Co com
the Week
-77/»
3%.-'/-3%'
.•
7.
102 V».
>20%
13 %
16
*102
50
(The)
for
Sales
tper share
41 '/a
497/8-
par
6
51% July
41"% Jun
50
8%
Corp
No par
Union Asbestos A Rubber Co_
8
Union Bag & Paper—'
No par
Union Carbide 81 Carbon new.No
par
Un El Co of Mo pfd $4.50 ser—No
par
Preferred $3.70 seriesNo par
Preferred $3.50 series
No
15:
26%
,
..
.
8,
9%
56%
29
.
■102'/*
20%.
13%.
par
prior preferred—
Coach Co
102 %
16
—No par
Rap Transit cora__No
26%
1'.'.
50
preferred
cony
Friday
Sept. 17
t per share
42
Va
*91
3%
-
*27%
11%: 11%
XJnderwood
% Jun
8Va"
57
92%
3%
.
i
t
20 Va-
2
.:
3%
26%.
9
*8
*91
28
102
:
■
21 %■
...
56%
90
3%
*7%,
41
»
9%
*8
56%
*27
:_No par -
prior preferred
Twin City
Thursday
Sept. 16
$ per share
21%' 21%
8%
*56
Film com__No par
No par
conv
PRICES
Wednesday
Sept. 15
40%
9%
21%
,
90
•
—
;
"7%
40
9'
*8
_lo
*
BearingCorp
$1.50
y
7%
40%
.
*21%.
KXCHANOl
No par
AxleTA.
20th Century Fox
-
8% May 27"
32%. Jan- 21
Jun. 17
STOCK
.
Tri-ContinentaL Corp common
1
$6 preferred——
—No par
Truax-Traer Corp
1
&
107%. July 22
19%. Aug
5
25% Mar 31
1%.
40 %
*8'/a
Transcont'l A Westerh Air Inc—„_$
Transue & Williams Steel
No par
Hi
10% May 15
16
x7%
<
No par
com
SALE
$ per share
'
No par
com
preferred.4.*.
Transamerlca
22% Mar 11-
17% July 30
Jan
7
23% Apr
-
12% Mar 16
38% Jan
$3*. 75
May 2t'
$ per share
10Q
Co com—No par
Tide Water. Associated Oil
104% July 12,
10% Feb 27
20% Nov
*
32>/a. Jun- 15
HIGH
'
jll
preferred
cum
13
V
f
Dec
"\12% Dec
Aug 31
AND
'
Products
preferred
19% Feb
;
1
Thompson-Starrett
Oct
•
5% May
99
/> 30%
4%.
6 ;
R)
(J
S per share
:_50
preferred-.
(1161)
Tuesday
Sept. 14
Sept. 13
1
common;
conv
Thompson
Thompson
16
4% Jan
/
.
Co
dir
25%
4;
lO'/jMay
'!-
8
59% May 26
19% Mar 16
■
„
9i*
95%. Jun
1% Mar 11
.,*39%
Jun
10%-Jan
,
6
7%
f
84
Dac ,i
■L. 15% May >
>40 '/a May
;
.
24
$2%
19'
Monday
Sept. 11
par
14%
•'
CHRONICLE
RECORD
Saturday
i.,....
'/
•:
60%
Dec
6% Aug
STOCK
"
STOCK
exchange
*
■•-13%
45
\
FINANCIAL
STOCKS
V
Highest
v
&
14,900
•
preferred
100
•
58 Va
59 /4
59
60
"
v
•
.
*59%'
611
*59%
,
59%
410
/;/
Range for Previous
V
.
-
Range since Jan. 1
/Highest
Highest
$ per share
11% May
22
Feb
t per share
14% Feb
16
16
12% May
26% Dec
20%
39'
Feb
22
Mar
84
94%
Feb
86
Feb
85%
Nov
85
Raalte
29% Jan
May 28
i86
Feb
13
95
X37% Sep
13
48 % Jun
87 % Feb
Nov
112
16%
107% Deo
121
Nov
Oct
Feb
2
Feb
14% Jan
7
Dec
45
Feb
31%
Dec
40
Jan
109
Jan
6
18
34%
96 %
Jan
7
33% Sep
30% Feb
-
'4:
■
Apr
13
23
23
Jun
2
31
Oct
38
Feb
32
Feb
10
10
Deo
33%
Nov
38% May 11
34% May
3
39% Apr 26
28% Feb
19
32% Jan
5
32% Jan
13
30
Aug
33%
Oct
29
Apr
10
15
new
STOCK
*20 '/a
f
EXCHANGE
18
2.50
Vlcks Shreve tz Pacific
Ry com„100
5% non-cum preferred
10o
Victor Chemical Works' common—5
3 % % cumulative preferred—100
24
14% July 13
124% July 12
18% May 15
117% Jun 14<
11
•
2.50
Inc
Va-Carolina Chemical
6%.
div
partic
Virginia Elec & Pwr Co
>
•'-'
com
v
i-; A.
\■ K} '!}•»'•
6%
preferred
22 Va
%
;
22%
21 Va
90
38%
•90
11%
11%
*107
13%""
♦13% "13 Va'//
13%
13 Va
22 3A
22 Va
16%
22%
22%
11%
"
♦107
17.%
111%
17
91%
22%
*86
90
V,
>♦19
28
*31%
rj;
%
32%
29%
30
33%
31%
32%
*28 Va
♦29%
>'
> *19:~
33%
*32
5
■
22
33%
20
20
112%
*89
/
*
11%
11 Va
'92 -r
11%
111
*32
>
.
.
*28%
>*29%
> *19
34%'
r
16%
-.,♦89
*32%
31%
32
34
31%
*32
•
16%
30
40
1,900
17 Va
4,300
40
34
31%
♦32
29%
*28V8
30
*29%
30
*31%
-
32%
29%
7.
>.
113
*33%
*29%
i
2,300
21
*28%
29%
♦111%
*19
34
34
•
~—
'
_r.
11
333A
31%
-
■
111
21
33%
333/4
1,100
v
92
11
*107
•:»>
112%
*19
22
200
800
v
39
17
112%
112%
400
,
90
39
;>>
39
*107
17
*1113A
22 .'/
500
;>
92
*86
90
38%
111
77 *86
89
*87
•
*
•lll'/a
25
/■
12
24%
38
91%
11%
> 111%
17 Ve
11%
24 Va
*87
92
Shares
21%
11%
25 Va
/>:>38>>
111 Va
21%
llVa
*24%
89
*86
..
7
for
the Week
S per share
*21 Va
12
22%
89
t per share
2P%
Sales
Sept. 17
25%
12
*25
.
22 3/8
*86
.
112
17
&
12%
Friday
Thursday
Sept. 18
$ per share-
-
253/4
*37%
.
37%
92
11%
*108
21
*87
89
j "891
*90
v: .;c* i
,
PRICES
Wednesday
Sept. 15
,"' -13%' -13%" --13%
22%
X37%
25
(The)
Vulcan Detinning Co common
7%
cumulative preferred
13%
•87
;.} J
100
Visklng Corp
*12
:>v; *25
*86
.
&' :',t
,
10
$3 preferred
Va Iron Coal & Coke 4%. pfd
Virginian Ity Co common
iy-
ff}':, :%k'-
21%
12%
25%
13%
No par
100
com
preferred
21
*24
.
SALE
$ per share
*12
CLOSED;
Vlck Chemical Co
'
7% Mar 16
V 93
Co
Co
HIGH
Tuesday
Sept. 14
t per share
Vertientea-Camaguey Sugar Co—6%.
6
Jun
Jan
Nov
10% Nov
May
14
Norman
Van
50%
5% May
69
Tanadinm Corp of Amarlca—No
pay
94
Sept. 13
t per share
V 15 % May 21i
3
Monday
Sept. 11
.
Van
94-
Dec
LOW AND
Saturday
<
15% May 17
26% May 21':
1047/b May
35% May
^
STOCK
24%-July 14
,
21
Nov
12% July 19
YORK
EXCHANGE
$ per share
10
11% Sep
21% Feb
19% Feb
Jan
NEW
Lowest
$ per share
24% pee
'
STOCKS
Year 1947
Lowest
•
600
323A
>
>
400
32%"
*28 Va
29 Va
*29%
30
100
„•
-—
—
:v.>
87
Apr
75%
Feb
'
1S%
Apr
29%
Apr
100
Dec
*17% May
7% May
10%
Deo
88%
Deo
13
Deo
21
May
19%
Deo
V17% May
17%
36%
109
Jan
Feb
July
24%
Jan
•13%
57% Aug 16
13% Aug 30
X30
8% Feb
2
15% Jan
8
4
105
Wabash
Aug 26
13% May 24
4%%
preferred
30%
—100
♦103%
4%
preferredWalker (Hiram) G A W
?
Walworth
No par
—
101
2
5%%
14
May 22
Warner
22% Sep
20% Feb
32
Jan
Warren Foundry A Pipe
36% Nov
14
10
27
Jan
20% Jan
5
23%
Feb
17% Feb
16
'
1
.
2
34% May 14
27% Aug
3
20% May 28
59%
13 34
31
-*57%.
133A
30%
14
Ward Baking
Co
common
23
••
105
'
>
*103%- 105
23
23
Washington
10%
10%
Corp
A
14%
14%
14%
96
95
95
10%
10%
10%
No par
23 Va
23 Va
22%
23
23%
24'A.
24'/a
24% "■"•"
new com__3
Gas Light Co
Waukesha Motor Co
♦57%
14
*13%
59%
*57%
59%
14
13%
13 Va
400
31
14%
*95
31
31
31
31
800
1043/4
104%
104%
104%
23%;
23
10%
10%
106
Pictures
Warren Petroleum
10
*30 3/4
104%
5
preferred
Bros
No par
1
59%
'
'
Co
10% Mar 12
Jun
*57%
14
30%
common
10% July 16
16% July 13
59
14
No par
Co
x83 % Mar 12
Feb
*57%
No par
Walgreen
Feb
18%
100
Waldorf System
,
27% May 21
11
RR
106% Mar
For footnotes see
page 26.
"
Jan
35% Jun
11
100% Apr 29
xl8% Mar 17
Feb
19%
Feb
66
23%
23%
23%
23 3A
233/4
2,000
10%
10%
10%
10%
10
10»A.
2.400
143/4
*94
105
150
15
14%
95
94%
94
Va
60
11
10%
10%
10%
10%
7,800
24
24
24
24
1,100
23%
24
23%
23%
3,200
24
24%
900
19
100
15
14%
95
-
94%
143/4
3,900
'
23%
24%
No par
24%
24%
9
*18%
19
*18%
19
-
10%
*23
23%
243/a
*24 Va
24%
*24 Va
24%
18%
18%
*18%
19
*23%
*18%
2$
THE COMMERCIAL & FINANCIAL CHRONICLE
(1162)
26
YORK
NEW
Highest
LOW AND
exchange
Lowest
~
Sept. 13
;
HIGH SALE PRICES
Tuesday >;
Sept. 14,
Monday
Satnrdty
Sept. 11
new york stock
Range since Jan. 1
Highest
Year 1947
RECORD
,v-v
stocks
Range for Previous
Lowest
STOCK
$ per
*
t per
S per share
share
•%
Feb
17
Dm
80
2e%
41
Feb
16 y< Sep
*83% May
108
90
•
80% Feb
Jan
121%
Deo
13
114
104% Mar 16
47
Dm
•% May
38% May
4 ' May
9% May
86% Deo
68
17
May
17% May
82% May
-88
preferred
107
*
Jun
2
22% Mar 12
28% Feb 11
64
Mar 5
26% Sep
38% Oct,
v
*
18% Feb
31-
Deo.
'
13
-
•105'
*
25y» Feb' 11
i
85% Feb 11*
'}«
40%Jun: p.
-
22%
17%
17%
23%
17%
:
*108
*109% 110
•'
116%
22%
-300
/.,>■ 1,200
16%
5
28%
28
•82%
:
110
22%
3,600
17%
2,600 '
110
*108
:
H7
108%
108%
116V8
-
120
117
108%
*107
18%
18%
106
18%
46%
48%
;
7%
7V«
38%
38%
38%
38
12%
12%
12%
13
7
7
-
33
*31%
33
-
*31
♦32
65
19%
900
*97
32%
89%
89%
89%
97%
*31%
"
19%
38%
> 89
89
>
•?
t;:.;t':'2/700>v
'
11,900
♦32
'
32 Va
/ 330
y
i
500
■
;; 97%» 97y*
*■
.
.
/
'
"
100
'
v
76
to
May
V.
80
Jan
37
-»S3
V
Peb
>34
July 21
50
Mar 18.
-
20
July
"19% May
r i 8% May
8% May
ri'
t
.
>•
v
'34 > Fob.,
vl2%-Doo
18%
¥ki 19%
19%
v
i
17
8?% Feb .20
—
6% Mar 17
.:
•51'
Oct
Mar
'
>22
Nov
*19
61% Mar 25
-Jan
20
-Nov
*
88% Jan 21
9%
•
Wilson to Co lnc
;
84.25
Jfo pew
eom
preferrod —;
54%
Jla par
;>
;85
*80
/-•• *54-'
-
'*80
83%'*
<
*28%
9%
9%
Jun
-
15% Dm
tie
-
35
<SL% Dm
43
May
18
Jun
10
*138
Jan
-
Febv8
""28'
>
-
43% Feb
Feb
Wilson-Jones Co
6% preferrod
Woodward Iron Co
"37% July 12
(now)
-
15%-
>>
>
100
—10
Woolworth IF W) Co_
49% Jun 14
11
18
_
.Wisconsin El Pw? Co common—if
13
15s-
Dee
v
53
y
Feb TO
126 ..Mar 19
145% May
Oct
•
MarlO v/.-TO-rJan"*
15
15%
*126
y
*15%
15% t;:
15%
131
>
*80
>
i2%.
?
83%
>15%
■'
15%
>
-
28%
*12%
27%
••
-
15%
15%
15%
15%
12%
J
0%
13
a>28%
'
56%
i3y«
'
<18
28%
12%
;r. 12%
1,600
1,500
19%
"55
*54
'
,
1
18%
.19%
19%'
55
55%; M *55%
£
25
18%
19%
*54r
■
85
*23%
:
>
51%
51
"84%
-
24%/
"18%'
'*19%
12%'
9%
52'
85%
«24
28% It
55%
13
t
19 y»
12%
t'55 %■'•:'"•
> ■:,
-,55.;
<**28%*;
rl3.> .13%
.
y
,
85%
113
*109
113
•
52
19%
K* 19>-
9%
9%
■
;
*109
•
25%
»
19%
12%
55
;
•
13%
£>>13%;
*24
28%
12
9%
54 %
Willys-Overland Motet* earn
1
$4.50 conv pfd series A.—Jfopar
May 27
12-
2 '.-..•sC5-%-MAy 15
'
17% May 17
12% Feb 11
;/
19%
*28%
y
12%
12
85%
56
19 y8
>454-'
28%
*28y8
•
52
19
'*
56
113
51%
85%
V
25%
*18%
is
*54
♦105%
■'"86""' * '■*/
/
■
•24
25%
y
18%
•
2 '
2 t Feb-11
13%-FOb
64% Oct
*
41% Sep
<10% May
<80%: Dee
Aug-
/IK>86
*24
•
•
-
153
Fob
90
87%
51
50
*86
;
•'
•:'"i4.
50%
56% July 13
'
•18% Sep 13'
9% Feb'27;
17%i Feb
6% May
,
*105%, 113-
♦losy# 113
Wheeling to L Erie By com
100
Wheeling Steel Corp com
No par
'•'•82 V. Jan
5
$5 conv prior pref_
„,T—Jio par
White Dental Mfg (The B •)
27% Jan
7 i
20
White Motor Co
1
24% May 26 '
i 22'/# July 8 r White Sewing Machine
126'
94 conv preference
No par
July30 '
> Prior preference
30 **" Jun 23
—If
Wilcox OU Co
8
19% Jun 21
5
Feb
23
29%< Peb'
*
113
Marl6
101% Mar
Dec
-
26% May
*19% May
Dec
53% Oct
62% Mar
11
15%
.
*80 > 83 %
*15%; f 15%
15%
'•
15%:/
*
*126
:
*126 ' i 131
131
;
-
;
131
*34%
•33
*126
■
35
35
35%
45%
45%
18
•
*34%
35
44%
351:;''-
y
45
45%
45%
•
'
;
45%
45.
Worthlngton P to M (Del)—
fn
: dm
•3
Dee
•3
> Dee
i
a
Mor
i
8
May
18% Sep <10
68
Sep
9
84% -Apr
100
Feb
78
80
-Feb
58
17
Sep
'
Jan
-
8
60% Mar 19
.70% Mar
18% Feb
•
Mar
2
03% AUf
10% May
45
$7%
Deo
50% Mar
Sep
9
10% Feb 27
38% Mar 13
14% May
•3% May
23% Oct
15% Feb 21
Jan
27'
16% Feb
83
Oct
21%
>
Feb
'
18
May
65% FOb 27
14% Mar 16
V'>25%Mayi5.
>
•
81% Feb
4
May 17
96% July 28
64
69
July 15
11% Jun 21
34% Jan
2
16% May 24
48
May 25
23
July 9
87% July 12
219% May 27
No par
/ »Common
18%
Prior
Tala * Town# Mff Co
York
Coro
4%%
-
87
*65J/2
66
84-
-
s-.'
..
9%
-
27%".
84 /:
65%
■
:
-•
65%
■9V*
9%
•
:
27 %
12%
12%
12%
'44%
♦43%
20%
19%
85 '4
<
66%
;V X66V4
60%
9%
9%
9%
27%
*27%
65%
>
*9
•19
'
*0
84
*82%
300
28%
27%
12%
12%-
12%
12y4
12%
*43%
44
43%
43%
43
43
*19%
20%'"
*19%
20%
*19%.
20%
100
81%
8.400
27%
12%
19%
Young Spring to Wire
Mo par
Youngatown Sheet 8 Tube—Mo pat
Youngf town Steel Door
Mo pot
>
70
•'■/BO'//-
*82%
y
44%
•
18%
*69
•
SI
12%
*43%
18%
69%
*79
28
*27
1
K
preferred
19%
69%
'4
80%
•79
79%
*82V8
85
common
cum
79%
;
19%
19 Ve
18%
18%
69
*67
pfd 4%% eorlea
188
ooav aarlaa
18f
WrightAeronautical
Mo par
Wrigley (Wm) Jr (Dal)
—Ma pat
Wyandotte Woratad Co
.8
Prior pfd 4%%
•'
.
1,700
.
200
80%
80 %
81 %
80%
16%
16%
16%
16%
No par
27%
28
27
'27%
27%'
Jl
4%
16%
16 V*
16%
1,400
*27%
16%
81%
28%
27%
27%
4%
81%
16%
80%
16%
79%
82
4%
4%
4%
3,000
1,400
'
V^.
4
y
Hw
14% May
•% Jun
•Bid
10%
Benito
Radio
4%
Zonlto
Product*
and asked prices; no aales on thle day.
tin receivership.:
Corp
lEx
*
Corp
$40• liquidating 'dividend paid' May
10*.
a
28
Deferred, delivery;
-
4%
4%
4%
4%
4%
wdWhcn distributed; *lx-dlvldend.
rCaeh salt* '•Special. Salec.
Transactions at the NewYork Curb
; Transactions al the New York Stock
Daily, Weekly and Yearly
Exchange
Daily, Weekly and Yearly
"
Stocks,..
i
v
:
:
Week Ended Sept, 17,1948
Railroad
Number of and Miscel.
Shares
Saturday—v-•
>
—...
•
Foreign
Bonds
n
;*
United States
iBank
Bonds
"'■■■' '
$2,599,000
4;
Monday.
677,890
Tuesday—,
708,120
Wednesday—J
710,480
Thursday—
576,160
Friday—....4......
,,
678,900
Jnt't
'
Total
Government
;
Bond
tNumber
Sales
of
Bonds
Bonds:
;
Week Ended Sept.
Saturday closing^*-"
,
$273,000
2,725,000 '
675,000
2,758,000 '133,000
1,897,000
193,500
Tuesday
164,835
Wedhesday^rtii^^t^.
y
197,255
Total
3,351,550
$12,120,000
$1,579,500
'
891,452
$591,009
1948
45,000
,
32,000
$141,000
171,000
' 208,000
90,000
$4,000 :
14,000
1,000
.
14,000
______
-
-
-
133,000
.
"
Total..--—--—!-.—
Week Ended
-
$133,000
3,351,550
1947
1948
,891,452
Stocks—No. of shares.
274,380
.
-
$743,000
$19,000
-
Week Ended Sept. 17 y
v
,
Stocks—No. of shares.
/'
162,000/
132,775
194,860
$20,000
Jan.,
1948
54,621,001
Bonds
u. s. Government..
$591,000
International Bank—.
Domestic..
Foreign—.——
Foreign governmentForeign corporate-—
Railroad & Industrial.
133,300
19,000
Total—.
Stock and Bond
Below
listed
on
are
Averages
the daily closing averages ot
representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones
'is,,1/./■ Stocks
30
20
•
,
Ities
Sept.
-
Closed
10
Indus-
Grade
Grade
Util-
Stocks
trials
Rails
Ralls
ities.
Total
Util-
roads
-
Second
65
15
Rail-
trials
& Co.
>' y,r;r,/ -ri Vn; Bonds
rv
Indus-
Date—
*
10
First
Total
40
Bonds
Closed
—
■
.
179.38
59.72
34.57
67.28
100.54
180.63
60.40
34.75
67.81
100.43
15/„*—
180.62-
60.43
16——
180.69
60.96
Sept,
13—---:.
Sept.
14——
Sept.
Sept.
Septi
17-—--w.
103.16
101.36
/
60.28
.
103.23
101.40
98.69
:
34.73
n
67.81
100.50
89.54v
101.51
98.70
34.70
67.97
100.49
103.25
89.68
101.54
98.74
34.60
67.60
100.40
103.40
89.68
101.45
98.73
.
>103.24
IK».
'*("
98.72.
89.70
89.83
y
'
—
,;yy
Total
Corporate
c
$20,000
22,000
76,000
101,000»
Thursday———
305,000/
_
Saturday closing
$117,000
135,000
201,727
15,000
Friday.----«-«-*^---i-.i
2,141,000;
Government
Domestic-
Share)
17,1948
■
Foreign
Foreign
.
.fiaturdayi-^^w^«iU.i
$5,000
,
>■
v
Bonds (Par Value)
~
ir/yyt
4
;
-
3.300 '
19%,
97% "
32%*r.
-32
1;—•
■
300
j-^27%y':28/>>f:
89 >;• ,89
97%
i
32%
32%
32%
•
97%
<■* ■'
2,500
65
37%
y
/
"...
35
*63
38%/
%:-27%, 28%
90
•97'
97%
'
'
19%
37%'
^
28%
:
,
,
32%
32%
'
19%
37%
27%
*31%
■'
•
65
1,200
2,508
7%
7%:
32%
*63
->
20
37%
'37
27% ;,28Va.
35
32%
32%
*63
'
20%
19%
'36V2
28%
:
■
32%
65
32%
*63
89
\
> ;yyyV 150
38
12%
3,600
,
>47%
104
104
38%
*31%
-
/:/y:/>490>y
18%
lay#
47%
104% 104%
106
*104%
19
48
19
46%
r
100;
♦
;>>i>:550'.-;/''
105%
12%
3634
•
105%
7%
38%
20%
*31%
105%
12%
7%
19%
89-
xl05%
37%
36%
*963/4
108
12%
/
28
•
108
19
>
'46
*104%
65
:
108
106%
*105%
106%
*105%
46
33
*63 •>-'
xl07%
'
33
*31%
109
108%
109
'
290
•
,
17%
-
108%
200
1,600
;
83
22%
17%
lir -
117
108% 108%
>
23
17%
*108
109%
117
117
108%
12%
*31%
12.50
Westpn Elec Instrument
23J/s
IV.♦
12%
No par
100
A
82%
36% " 37
'
95% Apr 23
101% Jun 11»
,
■'*7VB
class A_No par
Westlnghouse Air Brake.——NO par
WestlnghQuse Electric com
12%
3%%* cum "pfd series A
100
3.80% cum pfd scrleO B_—.100
a
11.
21% Feb
;
104%
104%
Western Union Telcg
29% Feb 16*
Aug
106% July
55
Jan
series
28%
/ • 82%
is
46
*45%
:
10
.102
100'
Auto Supply Co
Maryland By com
4% non-cum 2nd pfd
Western Pacific BR com
Western
28%
83
110*
18%
••
120
Western
20
May 19
39% Jun 14
33%,Jun
9
11-
32% Feb
''
"
•
Coke
preferred
Preferred
Shares
share
16%
*4%
28%
83
>
for
the Week
"
Western Air Lines IncL
36% May 21
727/« Jan 15
Mar
k
Coal
Sales
.
20% /20%>
•
5
28%
83
xn%
m
106%
West
32% Deo
90
*105%
♦4%>:
'
28%
83
108%
100
Va
*4%
5
28%
116%
preferred series B
4% %
16%
22%
109
Weet Va Pulp & Paper com—Na pa*
10% May 18
46% May 20
16% July 9
38% July 12
7% Mar 17
82%
108%
51% Jun
14
Deo
82%
22%
108%
22% July 14
15
20%
16%
-
'17% *' <17.%
*109% 110
100
110% Jun 14
20%
'16%
-
>••
>116%
4.29%
21%
16%
22%
27%
—100
100
IS
$ per
t per share
*20%.
16%
5
West Penn Power 4%% pfd
9
42% Peb
.
:
Dm
Mor
SO
6% Jan
Jan
9%
Dm
94%
'
preferred".
Jun
f:
20%
g
(The)—No pa*
Co
7%
14
34% Feb
10% Jan
75%
Blec
•
X27%
-
No par
1
preferred
Penn
$ per share
X20%
16%
•
Inc_2.t#
4
July 30
113
100% Peb 25
*
Dm
,
38% Feb
Jan
$4. conv
Friday
Sept. 17.
•
Sept. 16
*•
West Indlee Sugar Corp
West
Thursday
s
16%
21%
16%
Wednesday
Sept. 15
%
$ per share
$ per share
$ per share
>20%
Wesson OU A Snowdrift Co
6%
105% Feb 11
Oct
113
33% May
Jun
\
-
Webster Tobacco Inc
110
*104% July 16
16% Apr 20
108
■
119% Jun 22
xll3y« Apr 15
103% Mar 29
Jan
112% Jan
116% Aug
3
Wayne Knitting Mllle_
Wayne Pump Co.
7
-
6% May 24
34% Aug
5
86% Jan
2.
26% May 21
19% July 1
19% Mar 3
13% Feb 13
117% Mar
Dec
112% Nov
183% Deo
106%
Peb
34%
•
11% May
13
Sep
30% Jan
27% Aug 23
—M
«M»
22
Mar 16
4% Aug 12-
12% Jan
Dm
Par
J per share
share
to«p
'
40
:
,
■
.
Monday, September 20, 1943
:
ii:('ji
v*>r
f'P.
Number 4735
Volume 168
THE
COMMERCIAL
Bond Record
the
-are "and
when outside of
and
week,
The
italic
letters
Interest"-—except for
the
the
in
Income
and
defaulted
(1163)
CHRONICLE
WEEKLY
-
bonds.
Cash and
deferred
YEARLY
-
delivery
sales
week's range, -unless they are the only transactions of
sales in computing the range for the year.
In the
disregarded
are
regular weekly range, are shown in a footnote In the week- in which they occur. No account is taken of such
beaded "Interest Period" indicate in each case the month when the bonds mature.
column
Figures after decimal point represent
uoraSfd of
cr
cm
point.
a
■'
LOW AND
Bange for Previous
Year 1947
Lowest
Kkffi GOVERNMENT BONDS
since Jan. 1
Highest
NEW
Highest
Sep
106.6
Feb
106.4
Dec
108.21
Feb
105.28 Mar 10
105.28 Mar 10
112.6.
Feb
107.4
108.28 May
108.16
114.8
114.8
May
104.12
Feb
17
17
Dee
;
184.12
102.22 Feb
Feb
Law
2
102.22 Fab
2
104.24 July
101.11 Jan
; 7
101.11 Jan
7
104.23
*
Feb
101.19 Jun 14
101.19 Jun
101.27
104.18
Apr
100.24Maris
100.36 Jan
V
; 100.33
i 100.23 Jan 28
100.28
100.26 Apr
100.24 Sep
100.24
S
2
10
101.12 Jun
1
Dee
101.16
Doc
Dec
104.4
101.24 Dec
181.24
101
104.15
104.16
,
-Doc
Dec
101.17
108.17
Dec
Dec
r--
,rr_
101.7
Dec
103.8
.'Sep.
100
100.33 Sep 17
100.16 Sep 10'
10
.
*.<
lOO.a Mar 12
100.& Mar
102.26 May 25
100.8
8
lOO.t Jan
6
102.24 May
102.24 May
Dec
100
,100.4
.
.
100.2
May
Feb
8
11
102.12. Apr
102.8
'
-
'
100.31 Sep lo
May
.
•
Treaiury
Treasury
Treasury
102.23 Apr
102.25
Apr
103.1-
Apr
103.2
July
101.8
16
101.3
Aug 19
101.18 July 13
101*19 July 13
100.11 July
Apr
i.
1: 100.15 Apr
il
102.22
105.6
*105.3
105.6
*
107.10
*107.4
107.8
107.4
107.4
107.10
♦104.2
104.6
*104.2
104.5
*104.2
104.5
*104.1
104.4
•107.14
107.18
*107.12
107.16
*107.12
107.16
*107.12
107.16
*107.18
107.22
*107.16
107.20
•107.14
107.18
*107.14
107.18
♦107.14
107.18
*107.22
107.26
*107.24
107.28
♦107.24
107.28
•107.24
107.28
*107.22
107.26
101.26
101.29
*101.26
101.29
♦101.26
101.29
STOCK
=
BXCHANOE
•
CLOSED:
107.10
107.6
107.18
*107.6
*100.2
*
*101.27
101.30
•101.26
101.29
*102.23.162.26
*102.23
102.26
♦
102.23
102.26
*102.23
102.26
*102.23
102.26
102.21
*102.19
102.21
*102.19
102.21
*102.19
102.21
1952-1954
*102.19
-1956-1956
•102.19
102.21
103.1
♦102.29
102.31
*101.8
101.10
*101.8
101.10
*101
101.2
*101
101.2
100.26
*100.24
100.26
*100.24
100.26
100.26
100.26
*100.24
*100.24
100.26
100.2£
♦100.24
100.26
100.26
100.26
*100.24
*100.24
100.26
100.26
*100.24
100.26
100.23
100.18
100.18
•100.16
*100.16
100.18
100.11
*100.16
100.18
*100.16
100.18
*100.8
100.10
*100.8
100.10
*102.31
*102.29
102.31
•102.31
103.1
♦101.8
101.10
*101.8
101.10
1963-1968
•101
101.2
*101
101.2
1964-1969*
•100.24
100.26
*100.24
•100.24
*100.24
100.26
*100.24
*100.24
•100.24
100.26
*100.24
•100.16
*100.16
100.18
♦100.16
*100.16
♦100.8
*100.8
100.10
100.10
•100.8 ■» 100.10
*100.8
100.1C
101.2
101.2
•101
*101
*100.8
*100.8
♦103.3
*103.3
•101.24
*101.24
—1962-1967
—Jun
Dec
1964-1969
»
1966-1970 '
*
„
..1966-1971
Jun
1967-1972
Jun 1959-1962
..Dec
1959-1962
Dec
1948-1950
2s2s
Jun
1949-1951
Sep
1
I
i
-
-
!
*100.8- 100.10
*100.8
*100
101.2
•101
*101
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100.10
•10O.8*100.8*
100.10
100.10
103.7.
*103.3
103.6
103.6
♦101.24
*101.24
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j
100.2
100.2
100.10
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100.20
100.20
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-
100.25
100.30
;
>
1951-1955
'
,
*
1952-1964
.
.
1
-
-
•
21,000
100.23
1,000
101.2.
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100.10
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100.10
*103.3
103.6
♦101.24
101.26
101.2
*101.25
101.27
♦103.28
104
*103.28
104
*101.14
101.16
*101.15
101.17
100.2
*100
*100
100.2
Vi;
,
100.2
100.2
*100
100.2
*100.8
100.10
*100.8
100.10
*100.18
100.20
*100.17
100.19
*100.22
10,000
100.24
*100.22
100.24
100.28
*100.26
100.28
100.31
*100.29
100.31
101.2.
1012
*101
101.2
*101
101.2
•101.3
*101.3
101.5
101.5
*101.3
101.5
*101.3
101.5
101.5
101.5
*101.2
101.4
*101.2
101.4
101.3
101.3
•101.3
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♦101
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101.2
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101.2
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*100.31
*100.31
101.1
101.1
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101.1
*102.30 103.2
*102.30 103.2
•100.9
100.11
*100.9
100.13
*102.28
103
*102.28
103
*100.9
100.11
*100.9
100.11.
*96
96.4
♦96
*96.30
97.8
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100.29
101.3
*101.1
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101.3
loi.3
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•101.3
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.
...
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v
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1962-1954
-1953-1956
100.23
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*100.22
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-
-
100.26
103.6
100.2
100.2
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100.20
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•100.21 100.24
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*100.27 100.2£
*100.27 100.29
*100.29 100.31
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♦100.30 101
*100.30 101
.
101.2
*100.24
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100.2
*101.3
*101.3
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»
103
101.10
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i
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-
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i
1950-1952
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.
101.26
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j
1949-1951
„„,L.__Jun
.
,
*103.3
)
1949-1951
Dec
2t
2«
Treasury 2s
Treaiury 2s
Treasury 2s
101.19 July IS
.
*102.19
*105.3
—.1950-1963
Treasury Is
Treasury 2s
Treasury 2s
101.28 May II
i--:
w
Jan
103.4
101.14 Apr
102.22
105.6
—-1949-1953
Treasury 2i—
Treaiury 2s
Treasury :2s
101.13 Mar 22
*102.19
*105.3
104.6
1946
Treasury 2 Hi-~—
„
High
*102.19 102.22
•107.14
1958-1963
2 V«s
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JTreasury 2s
Treasury
r
High
102.23
'105.3
•
Mar 4
Mar 2
,
100
the Weak
Bands(f)
*107.6
1660-1963
Treasury
Treaiury 2%s
Treasury 2 %s
Treasury
Treaiury 2%S
Treasury 2%s
100.27 May 21
102.26 May 25
Sales fat
Friday
Sept. 17
: Low
*104.2
Treasury 2 ',4a
8ep 1967-1972 ^
103.19 Apr v
100.23 Jun 10
Jun lo
Treasury 2%s_
^Dec 1967-1972
'•
■:.;0yr!Treasury 2ye*-——.-.-^1951-1953
Treasury
—
j
Treasury
^Traaaury
~
— .—
Terasury ay«s
1954-1956
103.18 Sep 101.14 Sep lo
102.13 July 13
Treasury 2 %«,;
]966-1959
1
5
—•
Apr
103.20 Apr
103,20
105.17 Jun
Jun
100.7
Jan
104.10 May ?
104.10
f
Dec
Low
■
■
'
Sept. 16
.
105.6
*102.20
102.23
105.8
HIGH SALE PRICES
Thursday
Wednesday
Sept. 15
Low
High
1965-1960
:1956-I959
l-
Treasury
Treasury 2Hs
Treasury 2Hs
Treasury 2H«
•Treasury 2Ha
14
High
Low
High
102.20
-
,
1951-1054
2Hs
Treasury 2HS—
Treasury 2 Ha
'
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High
♦105.4
2Hs—
104.24 July
104.14 Sep
Tuesday
Sept. 14
Sept. 13
1951-1955
3%»
i
Monday
J
Sept. 11
1949-1952
Treasury 2HtTreasury 2%s
Treasury 3H«_
^
Satardav
3Hs
Treasury 2%a
May
•
STOCK
3s
Treasury
Treasury
Treasury
Treasury
106.13 July
18848 Deo
Sep
YORK
EXCHANGE
184.26
111.23 Sep
106.13 July
37
New York Stock Exchange
«»
FRIDAY
^NOTICE—Prices
FINANCIAL
&
„
:
'
International Bank tor
Deo
88
;
102
Dec
•Bid
14.10Jan IS
>
88.80 Ms? IT
July
94.14 Jan lS
>
99.80MaylT
asked
and
July
103.4
.»
price.
:
10-vcav
:
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,
Interest
>
Period
'
-•1%
w
itse
Friday
Last
06.1
-
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on Dec.
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i
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97
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96.5
97.8
v
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v
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or
14
•Ho Series
SHc Series
Transit Unification Issue—
Ji.ftv Corporate Stocfci^i
4
No.
No; 15-
SHo Series No.
SHs Series No.
..
j-d
j-d
j-d
No.
55%
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No.
24_;
:
j-d
25_i
WSx SH» Series No. 28-i—^-3
No.
'
Members New York Stock Cxcbango
REctor 2-2300
;
120
Broadway, Now York
Agricultural Mtge Bank
lAGtd
AQtd
sink
fund
sink
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60
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51%
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s
f A External
s
IA External
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s
sec
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7s
7s
f
sec
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75 '/a
76
55%
:
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*55%
58
-•
55%
j.j
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33%
7s
33 Va
1957
A-O
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s
f
6s
External
s
f
A-O
J-D
J-J
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of)
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93
92%
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Stamped
-
>
.
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r-f,
100
87%
87Ve
90
18
85
89%
90
12
85%
89
MS
101
external
8s
112
J-D
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83%
11
62
1927
45
6
37%
59%
2
60;
J-D
46
46
1957
AhO
*59
64
-1979:;
A-O
45
45
1952
J-D
*58
J-D-
*42%
87%
20
60%
Plan A
to
Ry).
114%
sink fund
M-N
Plan A
5
37%
IA
.
27%
'
22%
'
■:
28
19%
1
25%
2 4,1 '
18%
27%
26%
1
20
28
25%
•:i 21 %
vi
18
1978
38
50
SHs
Series
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2
Series
No.
3
SHs Series
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-
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27
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.
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13
18
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1
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27%
24%
24%
j-d
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7 '
zyy A 17%
;■ 5%
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49%
62%
For Financial Institutione
-49%
61%
•
.
FOREIGN
49
SECURITIES
No.1 7_
:
58
61%
9
*
56
1
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56
12
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59
SHs Series
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-
v~.'.--r
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ow
V
•
MARKS & CO INC. |f
FOREIGN SECUBmES SPECIALISTS cy
53
-
31.
FIRM TRADING MARKETS
60%
52
^
SHs Series No.
40%
61%
v
8
For footnotes see
page
87%
49
h
41
"
v
:
No/ 9_
45
,
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-
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44
J-D
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A-O
56
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52
58%
50 Broad
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58%
88
v
27 Va
20%
18%
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(Hukuang
i
r
■■
28
—
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3.5%)
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28
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49%
63%
—
11
25%
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j-d
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__
25%
26%
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59
27%
28
18%
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9
26%
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63
28
28
25%
j-d
A Guaranteed
A-O
1979
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109
50%
—
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to
.
28
18%
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5 : ;?•
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14
;
92
19%
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__
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.
104%
99%
s^.i-
112y4
sinking fund 6s—
fund
25%
*26%
25%
A-O
Mortgage Bank 6 Vus—
AOHs assented ———
A Sinking
25%
K
28
18%
26%
25%
50
27%
'
MS
106%
4
&
107% 107%
J-D
1941
89
89
lOOR 101
J-J
,
105
19
26%
*26%
105
103 Ya
—
4
St.,'New-York 4, N. Y.
2-W50.£3JrS:.i,,4:, :i
;
102
102 »/♦
103%
^2
jo*
59
101%
94
27 y.
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60
99
40
25% : 25%
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sinking fund 6s
•i?:. ;
rt 5 V
26%
j-j
58
94%
27 %
25%
j-j
—
A Chile
92
1
6s
6
•25%
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f
*26%
r-a
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89%
>v
A-O
assented
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89%
::
A-O
assented
4
#: 1
102
103 Vb 103%
M-lf
ABxternal sinking fund
94
26
j-j
fund 6s__.
•V'
•
*50
\
60
52%
103 (4 103%
: 103%
.
M-N
sinking fund 6s
AKxternal
99
103
89%
-a-^.^-1949
SHs
;
40 y4
73
97
j-j
—■
a
102
60
63
48
99% 100 %
102
A-O
assented
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V* 99%
-
60%
48
;
*■"
99% 100
j-d
A6s assented
>
f} 6^
.
§H«
'■
31%
•6
f-A
funding bonds of 1931 due„ 1951
Stamped pursuant to Plan A :
<
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;
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40%
J-D
(Int reduced to 3.375%)—1979
:External g bonds of 1944 (Plan B)—
JH» Series No. 1
;
•
38%
31 Va
*
F-A
8s
assented
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a By
J-D
1955
to
A 6s
-
60
**■)
-•v.
MS
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A External sinking
40
1967
pursuant to
(Int reduced
40%
-i—1962
•ft
V
40
31%
-—--—-I960
Stamped pursuant
A7s
31 y*
31
(City)
(Rep)
lA7s
93%
90%
——•^.—.1955
to
AExtl
73
•
93
:
f 6'/2s of
(Int reduced
40%
rnmim
—
93%
1978
V28 of 1926——1957
(Int reduced
s
94%
92%
Stamped pursuant to Plan A
AExternal
31 y*
37
94
92 V2
(Int reduced to 3.5%)
s f 6
1:'
100% 101%
.————1957
Stamped pursuant
AExternal
*32%
94%
100%
F-A
7s—
(U
A 6a
31%
33 Va
1956
—
92%
1
39
(City) external 5s
1958
(Commonw'lth) 5s of '25-1955
10-year 3Hs
20-year 3Hs
20-year 3%s —:
15-year-3%s
JMgtom external 6 H
65
37
A-O
f 7s 3rd series—1957
s
8Ha Series No. 30—™
6
48
series__1957
2d
60
64
34
*32%
*32%
1st series
I
s
J -J
J-J
1945
61
'_w.
65%
\
60% \
54%
54
*35%
*55%
60
21
47%
59%
j-d
60
g
<
55%
*55%
j-d
60%
•
J-J
D
10-year 3'/4S
lABrazll
*61%
M-8
7s series B
1945
f 7a series C_—1945
AExternal
Australia
A-O
1968
1945
f
f
AExternal
AExternal
*61%
1948
6s
(King of Norway) 4s
(Dept) coll 7s A
r»A
•1*1
vsSSvji %
55%
♦55%
:
.
60
j-d
lAChlle
*
60
j-d
28_—i,—i,
60
62
29—5—i;
A Carlsbad
1947
44
51%
j-d
(City) a I 6s_-i—
Bin king fund gold 5s
—
Sinking fund gold 6s
Canado (Dominion of) 4s——.
■:
88-year sycs—
1-1693
(Colombla)-^-
fAAntloqula
:
NY
r 5
55%
27—_—.
Brisbane
Foreign Govt. A Municipal
;
.
Teletype
60%
60
SHc Series No.
Telephone
47%
u-V
58
SHs Serles No.
SHs Series No.
,
60
53%
*55%
v
j-d
'
Wertheim &. Co.
60
61%
v:
*55%
'■
j-d
23——
SHs Series
Foreign Securities
60%
63%
-0-—' v\''
^v:
*55% .60
j-d
Series
SHs Series
SHo Series
-
High
62
58
.*55%
j-d
Series-No.. 21—_
No. 22
SHs
SHs
January 1
Low
61%
/■IS
__
*55%
•
j-d
No.
56
•
Range Since
'
-
No.
'
20—-—
Series
U
*55%
\
■*
j-d
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■
High
*
: SHs Series No. 18—^—
f$£•%•: Series-No; • 19—
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56
vv
j-d nj
16
17—-.
;A
-
56
J-D
.—
Bonds
,
Bid A Asked
Low
Hew Tort City
5,000
15,000
Week's
Friday
'
V: Bond*
,
;•
Registered bond transaction.
Week's Ranga
.
96.4
f 97.8
Teletype NIC 1-911
27
7k/a
■.•;
"
'RANGE
Friday
BONDS
Ntw
Colombia
York
Stock
(Republic
A6b of
Oct 1961
f $ bonds
(City)
jADenmark 20-year
"40
41 Va
*40
41
El
Salvador
4« extl
to
3 Via extl
*!'
3a extl
s
a
AEstonla
Greek
(Republic
of)
A 6b
Irish Free State
extl
(Republic)
f
s
Public
Credit Institute 1%
-AExternal 7s
A Italy
(Kingdom of)
.
1960
(US)
-lAAssentlng
extl
1947
AAssentlng
5s
of
4s of
Albany
':ti
•:
(Int
f
s
*
reduced
to
(Int reduced
to
Netherlands (Kingdom)
3%8_.
Norway (Kingdom of) 4Vis
External
sink fund
4s sink fund
extl
3 %8
;
a
4 "As
loan.
f
external
Bank extl
Municipal
'Oslo (City) sink
V,\: Panama
f 5S
ref
A
22
,
31
Atchison
loan
f
s
A4%s assented
AExternal sink fund
;-i
^ i
"
7
Btamped pursuant
J-D
reduced
to
(Int reduced
sec
1961
"5%"
5
to
to
1940
(Int reduced to
Rio Grande do Bui
extl
loan
Stamped
::
.
,i"
■;
'
*
1950
•
5%
•20::;'
8
a
—
;;;4
\ 28:»
27
30%
33
19%
26
\
*85% 102
(State of)—
of
to
pursuant
92
1999
7s 1967
stmp
(Int
pursuant
reduced
to
pursuant
pursuant to
Plan
2001
(Int
A6s extl
reduced
to
.2012
pursuant
s
Btamped
f
Croats
<5t Slovenes
B
(Prov
see
3 Vis.
page 31.
104
103 %
105%
98% 106%
-9"
119
■'•25-'"
27
52%
15%
36%
97%
-99V'a
100 V*
63 3
4
64
70%
58 %
63
64
57%
Jf-B
63
64
57'
70 Vi
70
:
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m
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1952
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1
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•
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v
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97
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10
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1960
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ser
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1976
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Buffalo Rochester ft Pgh Ry—^
33
88%
100 Vi
J-J
Bristol-Myers Co 3s Debs
1968
Bklyn Union El 1st gold 5s——1950
Bklyn Union Gas 4s debentures
1969
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—
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v
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13
33
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1970
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1987
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1962
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101
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1958
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1967
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r
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1960
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79
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1977
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1949
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s
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1946
1953
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70
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1947
SEPTEMBER
WEEK ENDED
Friday
Friday's
—1970
IA Colombia Mtge Bank
6%s
lASinking fund 7s of 1926—
I ASinking fund 7s of 1927
to
or
Bid A Asked
A-0
Jan 1961
s
Copenhagen
Bale Pries
of)—
1927
3> external
Last
Period
Low
1928
A6s of
Interest
Exchange
for
Week's Range
1st mtge 3%s ser B
1*
1968
Champion Paper & Fibre deb 3s_._1965
104
'
99%
101%
96
81
79
103
103%
102
104%
100%
Volume 168
Number 4735
THE
COMMERCIAL
•
&
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
>11i'X-,:
New
BONDS
York
Stock
FOR
WEEK ENDED
SEPTEMBER 17
:&<
Friday
Exchange
1
-
New
BONDS
York
Stock
Witk'i B»b|«
Last
Exchange
Sal* PrlH
or
Fridti'i
Bid A Asked
Low
Erie
i.
124 Yt 124'/a
;•
loo ya ioi'r'
101:
f
"*109
'
100
99%
5
99%
<86%
-97
...1990
1964
2000
1953
1971
.
' 100%
91
;
Jan 201#
112
93
"
10
-
A
»er
1st cons mtge 2s ser H
Ohio Div 1st mtge 3y»I
110%
109%
'
<:
3
4 %a
lliv
108
5;
High
Co—
inc
mtge
lit cone mtge 3 Vis ser E
1st cons mtge 3 Vis ser F_
1st cons, mtge 3'/»s ser O
104%
.
Railroad
Gen
,
115 1 117%
■
'109%
109%
*109% 109'/a
.V,i
—
121-5 T130%
7'' ": 101 ,5 106
110
-
.109
109 Va
.
101%
'
*116% 118 >1
.
._
7
21- ''
:
99
Firestone Tire & Rjub 3s deb.
f Florida East Coast 1st 4%s.
f
102% 103 >■
10
58
ACertificates.of deposit.
Francisco Sugar coll trust 6s.
58
*55
102
104
1
102'/a 102%
Alst & ref 5s series A:
100
102%
8
50%
66
59
—
*104'/a 105
62
102%
10#
Gas & Elec
of Berg Co cons 5s____194#
Realty & Utilities Corp—
General
A4s conv inc debs
•
1969
Goodrich (B F) Co 1st mtge
2%s_1968
Great Northern Ry Co—
General 5'As series B
1932
General 5s series C
*
1973
y
28
101V*
107%
124
71%
87%
General 4'As series D
Gen mtge 3%s ser N
Gen
mtge 3%s
ser
'Gen mtge 2%s
Gen
109%
112
118'A 118%
116
123%
110
117%
90
99%
1990
O
90%
1961
Bay & West deb ctfs A
Debentures ctfs B
88
98
86
82%.:
92%
76
2010
91
85%
.1982
90%
91
2000
ser P
A Green
A
109 % 110%
76
74
82
96
91%
95%
*93%
*74
1
■
6%
„
1989
Ohio RR—-\
&
1st & ref 4s series B
101% 102
TOO
A100
Gen
101%; 106%
99% io2y«
b
1st &
102% 103%
.
102%
102
10.6%
.'
*
•
>
105 : •
'
.;
„
2%8-i...—_197n
.•
;ist mortgage 3s.^...^...^...lt78
97%.' .98%
106%
106% 109
—
•97 %r 99
*91
*94,
:
95
'81
84
■jZ*
..
,li94l;>94r:.l
1 '
,
66'
—"1
.,*87
-t'
*..
*
"
■
•
•
•
.
82
„
-
101
101%
95
106
/
102
,
ifxy'*
1,06
4
ioey2
7
T 102 ^102%
.if-':;*
48,'A
7
RR-—
1st gold
1st gold 3%»-i,iS£
M 96%
103'
.'49%
48'A
98%
103 Vz
101
58%
102103 %
Collateral trust gold
Refunding 5s
100
100%
108%
40-year
107
107
Cairo
*100% 102%
104%
—
*105'A 106%
-
94%
95%
92%
97%
95%
■;*97
—
"101% 102
107%
*101-101%
99
98%
~?"99%
__
1
33%
96
88
48
55%
37%
42%
80'A
84
33%
31%
33%
34y«
1st mtge 2%s
mortgage 3s_
Union Ry 3'As
Deere
&
Co
1975
96
Delaware, Lack & West
N. Y
Lack & Western
1st & ret M ■ 5s ser
AIncome
mtge
div
Tr
Delaware
Power
&
102
Light
1
3s
95% ;' 96%
89
8«
—
int)
61
2042
66%
>64% 66%
contingent int)
>*100%T0I%
Detroit
Gen
Gen
Edison
&
3'As series
ref 3s
&
ref
series
2%s
I__A
1st
Detroit
Term
&
Tunnel
Det Tol & Iron ton
Dow
Chemical
4'/aS^_
RR 2%s ser B
2.35s
mtge 4s
1982
81
81
18
•
2%s
ser
,—1978
...
1st 3s—1950
'
„_1975
A
1
82%
unguaranteed
.1961
..
Kings County El L & P 6s.
Koppers Co 1st mtge 3s_
1964
23
101
lAKreuger A Toll 5s ctfs
i960
96%; 97,«
16
96
75 %
10
70y«
70y«
1
68%
75%
58y#
70%
96
106%
101
.
97
,
__
101%
1961
102% 103
*82'A
—1977
66%
—1961
—
—
■■
8
84'/2
96'A
96%
'"•*46V48
-
98%
98%
Vi
.
81
—
30
86
.96%
r
21
i
104%.
98
1997
—
-
38
Laclede Gas Light 4%s conv debs—1963
Sou gold 3%S
1997
98%.
' 49y«
Lake Sh & Mich
3'/2s
.
'97% 100%
registered
Lautaro
Nitrate
1997
Co Ltd—
A 1st
i
Ed El 111
<NY)
Elgin Joliet &
El
1st
cons
gold 5s.
East Ry
3 'As—.
Paso & S'western
1st 5s
5s stamped
For footnotes see
page
mtge income reg
Lehigh Coal & Navigation Co—
i 8 F mtge 3%s ser A
Lehigh Valley Coal Co—
•111%
*._
110
-
156%
112% ..v
106% 106%
-
141
!
102
•102%
*105'/a
31,
85%
52%
69%
20
43%
48%
64'A
50
60
107%.110% 1
1976
1937
Ga Dlr 1st 5s.
102
>>
99
21
.107% 107%
1995
JjADul So Shore h Atl gold 5s
Duquesne Light CO 2%s..^..«;
&
100
#5%
1956
75 %;
107%
1961
Va
102
1944
—
4'/aS
debs_____
East Term
93%
88 »A
% 101'A
^.1972
City Terminal Ry 2%s_s.—1974
Kentucky Central gold 4s
1987
Kentucky & Indiana Term 4y2S___1961
Stamped
r—
—1961
1993
1966
.1995
—
100%
95
1956
Kansas
1970
Detroit Ac Mack 1st lien gold 4s
ASecond gold -4s
B_
'1st mtge/ 3%s series B_i^——__196#
.
'
G_
88%
81'A
77
At—July 1952
gold 5s series C
series
Plain
H
series
5s
Kansas City Southern Ry
1977
.•—1^—201#
Income mtge (3%' fixed
1%
contingent int)_
Adjustment 6si series
1st mortgage
1993
Tlenver & Salt Lake—
957/a
89
84%
*101
Kanawha A; Mich 1st gtd gold 48—1990
Kansas City Power & Light 2%s__ 1976
AIncome mtge ser A-(4%%
s: >
98%
88 Va
*81%
r
63%
67 '
102
J-D
.
MS
88
60%
-
fix^d
contingent
101%
97
61
1973
1st mtge & coll tr 3%s
Denver & Rio Grande West RR-^1st mtge ser A -(3 %
1 %
100
97
—
1950
James Frankl & Clear lst 4s—....1959
Jersey Central Pow 61 Lt 27/es
1976
-
.May
100
97
99%
100
1993
4-6s__
103
95 V*
-
,1105%,
101%
100
5s
106%
'105%
stamped
-
1;
;
1
*
1970
.
•
1984
5s
156%
.
1978
stamped
1964
stamped
1974
Lehigh Val Harbor Term gtd 5s—1954
Lehigh Valley Ry Co NY 4%s ext_1950
5s
—
*94%
95
*98 % 100
*98% 100
101% 101%
102
99 %
101%
102%
96%
99%
97%
*97% 100 %
97
110%
44
97
112%
97
169
99%
1
4
104 y* <
99 V*
*
J973
due
Morris As Essex "division
Coll
V
'
—
Imp 2'As.
A 1st
103%
100'A 100%
RR Co—
*100'/4
*100%
+:
--
—
*100% 101%
A 1st
103'A
103'A
103%
debs__
;
1965
Delaware & Hudson 4s
extended—1963
'
—
lAInternat Hydro-Elec deb 6s
Xnt Rys Cent Amer 1st 5s
103%
B_____1965
2%s
77
98%' 104'A
"99 V* 101
*99%
1970
A
37
1978
ser
1951
■<
102%
108%
89%
104%
*101 —
6S/series.;A.^i^iw-.w.4.^.—l9R2
37%
:37
84 >/4
104 Va
ser C
—....1986
^International Great Northern RR—
A 1st
36%
36%
95
*102
Ref &
-
33%
*35
1st
38%
' 85
gold 3s
& Iowa 1st gold 4s
Indianapolis Union,Ry Co—
:
94%
*35%
—'.
83%
.*__
103%;
102%
104'A 104 Va
1951
Indiana 111
102
99 %
'93%
-te fc?
38 Ve
101% 102'/,
Illinois Terminal Ry 4s ser A
101%
*50%
*83
Dayton
101%
98
*89%
'
__
110%
100%
99
105 V*
\02Vts.
Ill Cent and Chic St LA if O—
103%
106
99%
98%
105% 106'A
1966
—1950
;;
.
^
98
104'A
1953
3s_—
102
104
*100%
Registered
*
103%.
iooyf loo1/*
^S'A.IOS
joint 1st ref 5s ,series A
1963
■1st & ret 4%s series C——1963
1st ref mtge 4s ser D
.1963
.
100%
107% 108
2.
v.
Western Lines 1st. gold4s—.4..195I
99
102 V*
.
70
1995
SJ.
102
102% 102%
1955
.
,
96%
100
1st
100
100%
■
*__
.1952
V
99y«
93%
—
Dayton Pr & Lt
95
—
96 %
Div
^
*100% 101%
.__1952
4s
1st gold
*101
1951
1951
/R Louis Div & Term gold 3s
.1951
Gold 3%S
.>1951
Bpringfleld Div 1st gold ;3%s
1951
104%
104% 107%
95%
93%
.1931
Bridge gold. 4s
Omaha
94%
100'/a
♦103.v,
L_
4%s
96%
96
101% 101%
Louisville Div & Term gold 3%s.l993
101% 102%
*99'/8
29%
'
.
Litchfield Div
96'/a
117%
trust gold 4s
Refunding 4s
Purchased lines 3%s
104
*104 Ve
68 V
Collateral
100% 100%
v
57%
.> Extended 1st gold 3%s„
'1st gold 3s sterling
104%
t"(ir_.V.,.v
d8 y4
.
'
103
96
1957'
Feb 188T
L
Illinois Central
•
•>
,-1^ :i64-'i^'l08%
>> 100ya 106%
21
''
98
>
105%
Illinois Bell Telep 2%» series A...1981
1st mtge 3s series B
..—1978
101%
'» >.ii
107% 107»%
income 5 s
.88
103'/a
104%
101%
U
A Ad J
9*1
1962
L.1949
82
100.
1970
106
103 V*
—
>ioi%l^>
t-."--''•'10l-*.T0i%'
•"
93
96%
119V* 127y.
1999
Hudson A Manhattan 1st 5s A.
' 77%
89%. 70
68':
64 y«
^rl
—
HackenBack Water 1st mtge 2%s„197#
Hocking Valley Ry: 1st 4%sHousehold Finance Corp 2%s^
Hudson Coal 1st s t 5s series A
Hudson Co Gas 1st
gold 5»1
97
102 Va
—
18
103%'
.
*160
__
3
9
665
102% 103
--
,
14
70%
,
102%'
•
98
101%
V91% v93. i78
62
■
*99%: _.l
70%
July 2018
series D_+
1969
Gen mtge inc 4s ser
B—<—Jan 2044
Collateral trust 3%s
1968
Gulf States Utii 1st M
105%
104
ref 3%s
11%
102%
100%
197#
mtge inc 5s.ser A_
'
65%
63
Greyhound Corp 3s debs
Gulf Mobile
86
101
117% 117 %
1976
mtge 2%s ser Q_
mtge 2'As ser R
Gen
■
81%
97%
103 V
104%
99%
100 Va
114%
50
.
100 "•
112%
98
176
v
,
103%
1%
30
THE
(1166)
COMMERCIAL &
FINANCIAL
CHRONICLE
NEW YORK BOND RECORD
;;
Friday
BONDS
Lad
Waak't Manga
t Friday's
Rt* Ycrh itMk IwteiN
■ale Price
RANGE FOR
Bid * Asked
Low
ENDED
Dtfar
38
Maw Yark fltaak
Low
27
39%
4a
Low
Jf-N
.2003
Falls
35'/4
36
26%
38%
Jf-N
40'/a
403/4
30
42%
Noriolk <sc
.2003
Jf-N
*38 Vi
40 Vi
29%
40
Northern Central
Ss stamped modified
-2003
Jf-N
42%
43 Vi
36%
47
A-O
Electric
Guaranteed
4s
ref
<P) Co deb 5s
3s
debentures
Louisville Gas A Elec 3Vis—
1st &
ref
Louisville
1st A
1st A
ref
St Louis
M
2%s
2d
M-M
M
series
102%
102
Ref Si impt 5s
108%
110%
Coll
M-M
.2003
A-O
107
•107%
"91
83 Vi
83
77
A-O
Jf-B
92%
.1955
M-M
108%
M-N
I960
J-D
72%.
73 Vi
^
1954
3-D
95%
97%
i
Manatl Sugar 4s sink fund—Peb 11957
AManila RR (Southern
•98%
M-N
Lines) 4s
1959
May Dept Stores 2%s debs
1972
Mead Corp 1st mtge 3s
1966
Metropolitan Edison 1st mtge 2%s.l974
Metrop Wat Sew A Drain 5 Vis
1950
•
J^f
Lans
A
Sag 3 Vis
Michigan Cons
1st
1st
mtge
jf-a
1969
104%
A-O
A Cum
adjust 5s
Oregon-Washington RR 3s
v'
A
100%
series
Faclflo
102%
87%
103%
7 ' '
r 96
mm'.-
J-J
k 52
52
98% 101%
10
J-D
J-J
33
76%
75%
86
2
c
J-J
J-J
75
78
■
93% '
49%
57%
92
68%
64
k
65
71%
1
65
61
69%
1
61%
71%
k
k
71
72%
47
84%
71%
jf-a
45%
46%
30%
jf-a
35 Vi
71%
84
85%
72
20
28%
18%
30%
H
1980
Monongahela Ry 3%s series
71%
71%
68 V2
61%
68
101 Vi
r-A
102% 102%
M-N
100
100%
99%
102%
J-D
56%
57%
54%
60%
1953
2%s
M-N
77%
78
68%
83%
M-N
71%
72
64%
75
88%
89%
88%
93%
♦101% 102%
101%
104%
1886
Jf-N
1878
3Vis debentures
A-O
J-D
104
99%
Tel
junction RR gid
-1987
97
102
103%
102%
105 V
J-D
♦96% 101%
1954
series
"2
100 Va
A 1st
3
100'/a
102%
102% 102%
10
102%
105%
115% 115%
11
115%
118%
1961
Jf-N
A-O
of
j-j
1952
j-j
♦101
102%
f
1954
A-b
&
f
a
debentures
r-A
A-O
2013
A-O
1997
registered
Lake Shore
1997
coll gold 3Vis
Mich Cent coil
gold
3Vis registered
York
Y &
;
A
West
62
.1969
r-A
r-A
r-A
*61%
64%;
#AN Y Ont Si West ref
F-A
4s
D_
.1981
fist refunding 5s
f A 2d gold 4 Vis
f A General gold 5s
series
see
'mLrnJ'
*
♦103%
C
-
*
■
.
69%
48
47
76
76 V»
v
T "
-
i 83
9%
mtge 4Vis series E.
.1984
.1952
4 Vis
deb
p
,
'k 139
! •X60%
'
•49%
Ik
67%
31
;.
106%
102% 102 Vi
102%
103%
97% ' 98
$
93%
—
97% 101%
98%
97 Va
100%
3 Vis
mtge
3 Vis series
F
113%
113% 113%
2
104 s,i
104 Va 105%
92
99%
108
>•
\
108
30
104 Va
108%
04
103%
J-J
99%
99 Vi 100
23.
94
103%
A-O
99%
93 %
99%
81
97%
100%
87
si
66%
66%
7
59 Vi
68
17%
17%
3
14%
25%
J-J
Apr
ext
111%
93
...
A-O
4s
4s
107%
98% 100
1960
Eastern
117
99%
1989
A
112
v
■
•V-
(•:
F-A
"304Vi
MHO
99
—
98%
99
:
S
«
78%
103
19
89%
106
93
103%
53
series
B
.1974
series C_
tr
4%#_
A
ret
A
ref
j-j
.1961
j-j
*114Vi 115
114
*109%
105%
.1971
s,
J-D
110
108%
98%
2%s._.
'«• 99%
98
■, r
98%
99 Vi
98% 102
98%
97 V«
97%
M-N
M-N
99
98
.1967
.1974
2%s
98 Va
97 V ;
F-A
J-D
♦95
r-A
98
♦102,
1st a f 4a
deposit
of
118
105
104%
105% 106
Co—
ret 2%s
A
r-A
.1977
*99% 100 V4
100%
98%
100
99%
101 Vi
1949
11953
11%
11%
8V4
100 Vi 100%
100%
102
94%
07
100%
J-D
V..
.
'.***»:
.<•
M-M
1960
r-A 1,
1963
r-A
1964
10%
99
101% 103
*105%
——
102
♦107%
.JMI;
A-O
i: 89
.
j:'-;-
1960
A-O
111
103
110%
103
100
--
.1950
J-D
.1950
A-O
.I960
A-O
102%
.
'
-ii
89%
100
103%
101
101Vi
87%
110Vi
84%
102% 102%
r-A
■
103%
100% 103%
89
89
—
>87%
87%
79%
90
89 ■'
k
*,,•
'
89 Vi
100
*101
k
—
107%
63%
J-J
1950
Vi
109
107% 107%
107%
A-O
113
107.
.1970
.1970
106%
110%
♦102
•
♦113
.1970
13%
11%
*102%
<
V'
1957
debentures
->■11 %
*10%
•
81%
89%
89
79%
90
19
67%
•__
r-A
*20
*—
r
77%
104
•'•••
41%
?
•
•
96%
.
101% 101 Vi
*•:.')'
W—"
32
"f*
■
•
'
.
28
09% 101%
__
105% 105%
M-M
-♦.,.
105
106%,
..109
♦90
>100
;i:
>,
.I960
J-J
.1979
M-M
.2037
J-J
♦143%
.2037
J-D
♦216% 219%
.1804
J-J
Qaakar Oats 2%s dab.
,
■
106% 106%
90
j
k5
105%
108%
6
>: 102% 103
101%
105 Vi
210
216%
145.
•
'-k
•
-.
•99% 100
98%
100%
;
30
40 •:
1
Baadlnf Co lit A raf 3%a aer D__ 1888
Revere Copper A Brass 3%s
1960
Rochester Gas A Elec Corp— v
'
53%
■
?
105
100%
101%
.
-
-
M-B
f 88%
Jf-B
•102 --103%
Gen mtge 4%s series D
1977
M-M
Gen mtge 3%s series H
Gen mtge 3%s series I
Gen mtge 3 Vis series J
;
30
78%
98%
103%
;
■
■
68%
:
93%
::... 6
k.
97
'73%
5
..
-
117''
J-J
.1956
•
lat A ref mtge 8a.
f
77-v"
107% >;
12%
-
'*
I*
1st A ref mtge 5a_
,j,
98%
60%
21
38
104
Public Service Elec A Gaa 3%i
1st & ref mtge 3s.
F-A
1983
_
*100%
-
J-J t
1977
4a
-
7%
105 1
12
Terminal
'110-
13%
95%
2
27
M-M
96%
;
J-J
-
52%
97'
j-j
.
IA Providence
103
7%
97
1964
mortgage 3Vis
1st mortgage 3s
117
J-D
1st mtge 3%s_1966
1st
♦—
J-D
75%
-:
3
.\:7'v2k
105% 106%
41%
mi
1974
.1977
85
98%
121
96 Vi
j-j
J-J
;
;
.
372
■•■
5%
r-A
1981
A
B.
series
Potomac Elec Pwr
'
100
70%
;;.:76%
10%
96 Vi
97
4
*102%
5
F-A
101
•;
V
—-
49
70%
-t
M-0
,
48
102%
1964
90%
96%
vk2:;
1937
1978
82%
•'
77
1940
page 31.
V iV—
•83%
J-D
J-J
07%
98. 100
100
69%
1982
k'
16
V
100
100
May
A-O
•*
.J
1943
I ATerminal 1st gold 5s
W Y Telephone 2%s ser D
Ref mtge 3Vis ser E
35%
41
104% 104%
j-j
.01
'
J-J
j-j
91
22
1937
;
41
i
^
__
A-O
series
series
1st gen 5s series C
1st gen 4%s series D.
APittston Co SVis'lnc deb.
68
64
81 %
100
Jf-N
jf-a
•
90%
99
Jf-N
June 1992
104
V
J-D
5s
Pitts Youngstown A Ashtabula
By—
'
1st gen 5s series B
1969
65%
60
57%
■—
91
90
^
1973
A
3s
*89%
-c'
1973
Jf-N
Sv7; k
85%
—
A-O
General 4s
1955
II Y Power Si Light 1st
mtge 23/4s__1975
N Y A Putnam 1st cons
gtd 4s
1993
N Y State Elec A Gas
2%s
1977
N Y Steam
Corp 1st 3 Vis
1963
IN Y Susquehanna Si Western RR—
For footnotes
62 Vi
J-D
1954
—
61%
64%
2007
1st 4s
79
63%
*61%
—
A-O
ser A.2022
IA Harlem River A Port Chester—
;
j-d
.1968
4 Vis
4%a
lst mtge 4%s series A
1st mtge 4%s series B_
1st mtge 4%s series C.
69%
J-J
1st A ref mtge 4s ser A
AGen mtge conv inc 4Vis
106%
102%
J-D
88%
23
Jf-N
4Vis series B
98%
104%
102 Vi
101
r-A
84
79%
65
J-J
IN Y New Haven Si Hartford RR—
74%
;
•
64%
2043
A
4
64%
2000
series
102
86
r-A
—2043
4s
78
94
100
95
100%
104
—
i
F-A
fund
Pittsburgh Steel 1st mtge 4%s
Pittsburgh A West Virginia Ry-
76
76%
98
"104%
4
Plttsb Coke A Chem 1st
mtge 3%a.l964
Pittsburgh Consolidation Coal—
.
70%
66%
86
96%
82%
1975
A
63
85
76
198O
B
85
69 Vi
11
1951
Mtge 4s series B
Ref mtge
76%
65%
68
80%
1986
ser
1st gold 4s
Harlem gold 3Vis__
Lack
64
Chicago Si St Louis—
Mtge 4s series
M Y
64%
'69
80%
1998
;
M Y Dock
N
96%
80%
1998
Connecting RR 2%s
97%
84%
—
99%
61%
*100%
j-d
.1960
sinking
Cons gtd 4%s series J
Pgh Cine Chic & St Louis RR—
Gen mtge 5s series A
Gen mtge 5s series B.
Gen mtge 3%s series E_
90%
55
14
97
92%
103% 103V4
V;. *K'
A-O
Cons gtd 4s series F
Cons gtd 4s series G
Cons gtd 48 series H
Cons gtd 4%s series I
92%
J-J
1998
3Vis
<
Ref mtge 3 Vis ser E__
1st mtge 3s ser P—
W Y
1
1998
3Vis registered
Maw
94%
101
J-J
RR^-
Hudson River
j-j
Vi
jf-«
1960
Cons gtd 3%s series E
93%
78%
I
94
97%
92Vi
•
94%
A-O
3%s
1998
General mtge 3Vis
3Vis
94%
1
94 %
97 Va
-• ••
1937
92%
84%
•:•.'•
103
.1978
94%
80
6
94
*
—2013
impt 4Vis series A
lmpt 5s series C
N Y Central A
88%
85%
94%
;
New York Central RR
Co—
Cons 4s series A
A
88%
.•w
103%
103
Pittsourg Bessemer A L Erie 2%s..l990
Pgh Cine Chic A St Louis Ry—
'
80%
185%
—
101
81
6
V.
93
•
5Vis series A
Ref
92%
::j ♦
+.L.C: i.,-
si
ACertificates of deposit
Ref
92
.•
Il956
98
99%
.1981
102% 107%
100% 104
102% 102%
.
■
1955
"2
100
108%
104%
99%
100
; 103
A-O
Phillips Petroleum 2%s debs
99% 102%
♦104%
A-O
ACertificates of deposit
A 1st
68.1949
106
100
99%
94%
Jf-N
1st
'.T-T
101%
99
—
.
deposit
ACertificates of deposit
4Vis series D
con#
1st A ret 2%s
IIA Philippine Ry
103%
103%
••-k'
1954
A 1st
gold 4%a—1950
1960
1st
102
99%
103% 103%
jf-a
1983
lOOVs 104
105
'
?•',
A-O
1952
1st
f-A
1974
97%
103%
Airlines—
ACertificates
•101%
J-J
198b
5s series C._
f
a
General gold 4%s
101
100% 100%
B_
1st
1st & ref 2%s
101
J-D
J-D
iorj
93 Va
94%-
99% 100%
97%
-
M-a
Philadelphia Co coll
Philadelphia Electric
99
Jf-N
1953
INew Orleans Texas &
Mexico Ry—
5s
96%
1948
3Vis_T.1988
94%
100 Vi 100 7/a
A-O
.1976
General
100%
24
21
101
98%
Phlla Bait A Wash RR Co-
47
Northeastern RR—
^Certificates
j-d
.1986
Gen
81%
1952
Ref & Imp 4 Vis series A
New Orleans Term 1st
gtd 4s
j-d
.1980
debentures
Peoria
102% 102%
New Jersey Power &
Light 3s
New Orleans Great Nor 5s
A
New Orleans A
A 1st
84%
98%
16%
93%
100% 100%
-
J-D
.1980
debentures
Conv
103% 104%
1st 4s__;
.1981
2%a debs.
3Vis
Gen
A-O
___
Jersey Bell Telephone
Tel
A
General
General
3-D
1st gtd 4 Vis series B
3s debentures
J
98
*10
$ 98% 102
94%
,100% 101
100%
General
1967
Newark Consol Gas cons 5s
New England Tel & Tel 5s
A
N
90
J-D
38—^1965
Supply 2%s debs
ANaugatuck RR 1st gold 4s
New
r-A
~
J-D
Apr 1990
Peoria A Pekln Union Ry 9%s
.1974
Pere Marquette Ry 3%s ser D.
.1980
Nashville Chattanooga A St
Louis—
1st mtge 3s ser B
•
1986
National Dairy Products 2%s
debs.1970
3s debentures
1970
National Steel Corp 1st
National
96%
106
106
101% 101%
J-D
A Income
mtge
99
"
k
.1979
Cons
1955
Tel
99
95 Vi
Pennsylvania RR—
1966
B
97%
95%
/
96%
100
94%
w
.1974
3s
89
♦67 VB
.
.1977
89
85 %
1958
(John) & Co 3s debs
Morris & Essex 1st
gtd 3 Vis
Constr M 5s series A
Constr M 4Vis series
3kJAountain States Tel &
85
84
u-a
2000
Morrell
w
84%
r-A
1991
B
A-O
1981
gold 4s
J-D
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power A Light Co—
1st mtge 3s
1970
88%
Jf-N
1st gtd
100
103% 103%
J-D
Co—
Gtd 4s series E trust ctfa
89%
M-N
ref gold
^s series
ref 5s series I
92 "
Pennsylvania
1949
A
94%
Ci •
J-D
.1971
Paducah A 111
H
1977
A 1st A
.1906
.1970
Pennsylvania-Central
3%s conv Inc debs
50%
84
r-A
A-O
3 Vis debentures
89
12
W
.
1978
A 1st
,
Electric Co—
Peterson A Passaic Q A E
80
84
72%
1970
A—1960
2%s
84%
64
65
,
Gas A
Pacific
79
5
Vi
aer
1st A ref 2%s series P
1st & ref 2%s series Q
'
ref 5s series P
A 1st & ref 5s series
G
Moh'k A Ma lone
:
12%
12% 12%
vj-".'99%
A-O
1st A ref 3s series
1st A ref 3s series N
•
r-A
A
100%
104%
2
98%
1st A ref 3s series L_
60
AConv gold 5Vis
ser
92%
99%
96%
M-M
1975
1st A ref 3s series BL
A':
__
51
——
57%
1965
A 1st &
50
38
♦96
J-J
1974
1st A ref 3Vis series 1
96
A-O
A
97 %
r-A
A-O
1st A ref 3s series J.
106%
■
.'V
*53%
99
80
1973
5s
96 Vi
102%
Jan 1967
A General 4s
96%
101
100%
■'
y-
100
86
1902
series
94%
96%
61
98% 101
r'
'
"
1047/s
'
♦102
^Missouri Pacific RR Co—
A 1st A ref
91%
70;
_
86
1978
Prior lien 4 Vis series D
65%
87%
89%
98 v4
98
997/« 100%
1962
84%
94%
'
w
1990
40-year 4s series B
68
60%
101% 102 Vi
A-O
1948
Ohio
RR—
A
1st guaranteed 4a
70
■
A-O
Minn St Paul & Sault Ste Marie—
1st mtge 4Vis inc ser A
Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas A Texas 1st 4s
A
Edison 1st mtge 3a
,1st mtge 2%s
Oklahoma Gas Si Electric 2%»
;
104
■■
101%
9
85
*__
•
jf-a
lien 5s series
103
61
25
'62%
111
98%
•84
jr-a
1940
Prior
62 Vi
107%
96%
35
♦100%
1067
Missouri-Kansas-Texas
108
99
20
87%
J-J
J974
98
—
♦101%
5s
1st ext
;
J-J
.1977
94%
—
J-J
Minnesota Mining A Mfg 2%s
N J
106
96%
61%
M-M
.1970
74%'
102%
M-J
1989
3%s
—2047
2047
1975
4Vis
67
*98%
*100Vi
Jf-N
3Vit-1969
mtge 2%s
12
;k,v
*100
J-D
Jf-N
A-O
1951
1st mtge
116
89%
.
97%
,
95%
1952
Gas
IJAMIdland of
70
95
1979
lmpt 4 Vis series C
99%
87%
c: 86
Jf-N
Michigan Central—
1st gold 3Vis
85
129
tOgdensburg A Lake Champlaln Ry—
1972
4s ser B
lmpt 5s series C
seriaa D
trust
(Minn) 1st mtge 2%a.
1st mtge 2%s
(Wise) 1st mtge 2%s.
101Vi
.2003
Maine Central RR 4,/as
Jack
108%
87
A
.
Northern States Powar
—
91 Vi
Macy (R H) & Co 2%s debs
Ref A
Ref
106
•61
102%
105%
A
2047
J-J
100 %
.1980
ser
Q-J
Q-F
Q-A
•89
2047
registered
Ref Si impt 4 Vis aeries A
1001? 10015
100%
G.
1997
.Jan 12047
.
3s
lOOil 100 A
107
3s.
registered-
seriaa A
-
/
109%
106
*__
101% 101%
49
127
__
103% 104 Vi
4s
RR—
gold
81%
*115'
Q-J
100 %
M-M
83%
127% 127 %
A-O
M-J
101A
109vi:
High
109%
Railway—
4s—
99%
A-O
Atl Knox A Cine Div 4s
1st mtge A con
34
.I960
3%s series P.
Div
jf-a
•100
A-O
gen Jfc ref 5a
1974
111%
-1979
Nauhville
M
M-M
Low
106%
107% 107%
1997
Pacific
Prior lien
107
18
25
M-J
107%
General lien 3s.
107%
107
25
Ry 1st fold 4S.1W96
1974
Western
ref 4%s
A
Northern
121%
——1963
mtge 3s
&
ref
Gen
78
67
121
107% 108%
3-D
1951
gold 4s
71 Vi
120
M-N
1949
1949
4s
71 Vi
A-O
1952
A
series
stamped
Lorlllard
t'
1949
7s
Long Island unified
-
A-O
Lehigh Valley Terminal Ry ezt 5s_1951
Lexington A Eastern Ry 1st 5s
1905
Liggett A Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
A Lombard
;■
.
M-f
Ry Cw—
AGen mtge 5s coot Ida.
.2003
—
.1968
3%sl
Power
Range flaae
Janaary 1
Migh
Norfolk Southern
4Hs stamped modified.
4%s registered
registered
m Friday's
BldAAaked
■alePrise
High
Niagara
Jf-N
.3003
modified.
17
B o KDB
,
Lehigh Valley RR—
4a stamped
SEPTEMBER
„..........
Baaga Man
Jansary 1
High
363/4
WEEK
1967
M-M
1967
M-M
1969
M-M
1949
1941
J-J
8%.
W
9%
88%
f ARut-Canadlan 4s stamped
tIAButland RR 4%a stamped
83%
101
93%
102%
123%
108
108
-
107%
108%
107%
104% 104%
8%
10 Vi
107%
104
106
V
7%
11
7%
12%
COMMERCIAL'& FINANCIAL-CHRONICLE
THE
Number 4735/
Volume 168;
(1167)
31
NEW YORK BOND RECORD
RANGE
Friday
-
Interest
BONDS
Exchange
Stock
York
New
Last
Period
f
WEEK ENDED SEPTEMBER
FOR
or
.t
Sale Piieo
High
i. Lots
no.
s
1971
M-f
*97%
98%
96
Pacific
1996
1998
1955
J-J
♦70
80 f:
70
St Louis-San Francisco Ry Co—
1st
mtge 4s series a
A2nd mtge lnc 4
Vis ser A
35
J-J
A-O
86 V'e
May
62
86
Nov 1989
J-J
Union
62 Vi
334
5i y4
7
98%
16
Dept 3 Vis B
*86
100 %
M-N
*127
100'/a
j-j
j-j
1966
'
'
II ASlleslan-Amer Corp coll tr 7s—1941
100
debs
98%
72%
95 y4
*31
A-O
/:•:/.
35
07
92%
96%
28%
4
97 y4
24
91%
F-A
1987
j-j
1994
j-j
1977
M-S
Gold 4%s
1969
M-N
96
Gold 4yas
1981
M-N
123%
(Oregon Lines)
■
1st mtg 3%s ser A-1971
Pacific RR Co—•
series S
1986
94%
15 z;:
93%
1996
97 %
78%
1961
101
J-J
55
* ■/ 87%
93%
42
V:? 84%
1996
95%
J-J
1951
J-J
Standard
Oil of
1966
1971
deb 2%s
1972
113%
1
103%
109:
102%
M-N
97%
102%
92%
93i/4
95 Vi
12
95%
Texas
&
New
3 Vis
1970
B
series
1990
98%
debentures
2000
J-D
1985
J-J
Term RR of
Ave Ry
New
100
M-S
Tri-Continental Corp 2 Vis debs
**
74%
J-J
1960
AAdj income 5s
Jan 1960
Tol & Ohio Cent ref 6c impt 3%s
1960
Trenton Gas & Elec 1st gold 5s—1949
MS
48%
08%
'
71
ft*-
1st
A-O
42%
Co
M-N
5
97%
2Vis
1970
debentures
J-D
101
05
91%
93
M-5
*97
V 97%
94%..
101%
99%
11
V
— —
997/a
97
100%
102
101%
267
ioi\; ioi%
101%
1st
J-D
M-S
J-J
1st
98
97 vi
103%
J-J
100%
94
5
100 v*
'
Jf-N
:
ioiya
■
%
68%
72%
40%
112%:
64
51
:
J-J
y r
40V4
96 Va
93%
// 5
;•/■ 93
3
103
93%
J-J
43
30
103% 103%
J-D*
.1971
73
19%
v
11976
75% <
70
269
23%
72
103 Vi
my4
J-J
*1936
93%
21
102%
*102
A-O
.1960
4s
;
100
97
97%
.1949
B
—
»__
97
.1958
mortgage 3s
S
»* 3 017/a
M-N
Public
Service 3Vis
103 Vi
106%
5
2
a
Deferred
105
!: 96
■
::w
n
109%
the
Bankruptcy Act,
as
being in bankruptcy,
securities assumed by
or
l
100
101Vi"
•Friday's bid and asked prices; no sales
103%
in the years range,
" y
receivership, or reorgan
.
,
■ ■ .■
sale
f Cash sa
\
.
_
.
__
^
ed
such companies.
being transacted during
current wee
ABonds selling flat.
96Vi
94
'
.
101
101
20
.
92%
In thefyear'a range,
4
99
'
/1d,E^!°tvM6r'*s ranee*"*r'cash
in the year's ran8®Under-the-rule sale not Included
y Ex-coupon.
delivery sale not Included
included in the year's range,
4
101
■."?
94
*93
J-J
1976
Yonkers Elec Lt 6c Power 2%s
07%
102% 102%
98%
102
102
80%
V
101
101%
97%
101
J-J
95
88%
100%
.1967
general 4s
Wisconsin
64%
107%
97
1968
1975
of Calif 3s deb
13
72
100
{Negotiability Impaired by maturity.
1967
mtge & coll trust 2%s
debentures
103%
43
92
.1970
—
fCompanies reported
3s
99%
101V* 101%
J-J
J-J;
101%
lClVi 301%
101 Vi
J-J
67%
07
<3
f„102V4 102%
May
69%
57%
82
101
1(!0
100
A-O
.1992
Wisconsin Electric Power 2%s_
U
Union Oil
109
59
5
85
206
u
__
107
107 '/a
106%
101%
*96 Vi 101%
M-N
1971
65
.1949
3%s series D
not Included
Union Electric Co of Mo 3%s
109
105%
31
67%
65%
66%
M-S
99 ftt 101%
53%
*100%
107%
1
61
•
67
M-S
55%
101
98
i*106% 107'/a
ACertificates of deposit
127%
56
'100% 100%
J-D
8
/ 107% 107%
107
107%
107%
107%
47%
10
98
97%
103
3
54
:
99%
85
105% 105 Vi
54
-
-'ft; v'
74%'
49
A-O
1961
■88%
121%
'94%
*100% 102
J-D
Orleans 3%s__1974
'
Sl%
'
.; 90
J-J
ACertificates of deposit
2
'
■
*90
J-D
—1973
Steel 3%s series C
&
IA 1st
92% i00%
11
94 Vi
tWisconsin Central Ry—
101
27
.
124
100% 101 >
-
*A-\-
1st ref 4s
91:
Z 124
101
Texas Pacific-Missouri Pacific—
Third
97%
103%
3
40
J-D
1971
—
debentures
Wheeling & Lake Erie RR 4s_
Gen & ref M 2%s series A
116%
6
36
95%
91
A-O
1st gold 5s
3Vis series E
Gen & ref M
95%
A-O
98%
105 Vi
M-S
I ASu & Du div & term 1st 4s_.
1st & ref M 3%s series' C
Texas & Pacific
*
98 Va
98 y4
M-N
2.65s conv
RR—
Orleans
1st & ref M
98
103 Vi 104 J/a
100
v
F-A
1951
i960
1951
2%s
100%
114%
"
98
104%
M-N
85
00 ya
,
Westinghouse El & Mfg 2Vis
96%
100%
-f'Z
♦115'/a
A-O
75%
7
.
1950
Winston-Salem
J-J
74
5
.
100
97
95 Vi
4
81 Vi
'97%
80'/4
■
102%
22
•99Vi 100%
Union Telegraph Co—
83%
80%
97 Vi
if'
Funding & real estate 4Vis
Wilson
1985
1965
100 %
r
V 81%
25-year gold 5s
30-year 5s
57%
100%
Pacific 4Vas lnc A
Western
of St Loula—
2019
94%
:;fy
M-N
Jan 2014
Western
105%
46%
93
Power 3Vis series I
1st mtge
Ref & imp M 4s series C
Ref 6c imp 27/aS series D
101%
26
97
Vi
M-N
1950
1967
1966
2361
2361
1952
gtd
mtge 3yas
Wheeling
Texas Corp 3s deb
100
109
94%
94 Vi
96%
-
r-A
104%
93 y4
16
55
92 ya
J-J?
1973
debs
debentures
108%
*101% 102%
J-J
1966
8wlft 6c Co 2%s
99%
104%
80%
97
ArO
Registered
Western Maryland 1st mtge 4s
110
103 5/a
*51 Vi
•93
Sunray Oil Corp 27/as debs
112 Va
1
.
1970
3%s_2000
1st ref gtd gold
West Shore 1st 4s guaranteed
105
v
■
Apr
West Penn
98
91Vi
13
96
*—
F-A
debs
Calif 2%s
94 Vi
97'
Apr
Gen
120
112
9
106
95%
•
M-N
Oil
7
39
106
Standard
94 Vi
r
'
y,';;
Westchester Ltg 5s stpd
84%
DO-
96%
•102% 105
Apr
103
107%
10
104 % 104Vi
94 Vi
M-N
Apr
Warren RR
89 Vi
76 Vi
112 %
M-N
1983
A-O
99%
101%
—
110
*99% 101
*
J-J
Washington Terminal 2%s ser A—1970
10
112
A-O
110
M-0
.1995
Baking Co—
5%s debs (subordinated)
95%
16
82 y4
114% 114%
112
;*101Vi
Ward
102
80
84%
-94
108% 108%
A-O
M-S
94'/a
30
96%
96'/8
A-O
lnc series A
Jan 1981
4y4s series B—Jan 1991
3%s series B
1971
Walker (Hiram) G & W 2%s debS-1966
Walworth Co conv debentures 3y4s_1976
99
81%
A-O
debs__1985
debentures
96%
94
96 V4
».
96%
M-S
1st mtge
84%
92%
114%
A-O
ASpokane Internat 1st gold 4Vis„2013
Terminal RR Assn
105%
Gen mtge lnc
104
101%
•—
1956
2%s
78%
92%
,
1956
Memphis Dlv 1st gold 5s
1st gold 4s
2Vis
103
M-N
Gen mtge 4s
■?,
99%J
'
46
81%
1956
St Louis Dlv
'M
1
95%
100
1994
gold 5s
Devel & gen 4s series A
Devel 8c gen 6s series A
Devel 6c gen 6 Vis series A
'{•
2
95%
J-J
2 Vis series G
*1
78% /•
78%
101%
J-J
1st mtge
(N J)
105
105%
r-A
.1956
W
98% 102%
96%'
91%
74
94 %
-97'/a
J-J
1st mtge 2%s series P
3Vis
97
1957
/
RR Co—
Wabash
J-D
8an Fr Term
Southwestern Bell Tel
M-S
1959
debs.
124
92%
Bouthern Indiana Ry 2%s_
Southern Pacific Co—
cons
3%s
Virginian Ry 3s series B.
'
Ry 1st
97 »/4
89
96
10
124
100% 101
J-J
1985
debentures
Southern
93%
89
"
101%
93 Ya
124
100%
1979
debentures
1st mtge 27/aS
94%
*88Vi
—
56%
99%
93
v
;/ Z
~
92%
83
99%
93%
2Vis
Bouthern
95
'-93
1975
1978
3 V»s conv debentures
1963
Va Iron Coal & Coke 1st gold 58—1949
Va & Southwest 1st gtd 5s
2003
1st cons 5s
1956
102%
61%
94 %
99%
2%s
debentures
26
197
93%
94
j-j
1976
1963
Southern Bell Tel 6c Tel Co—
4y2s
99
91
M-N
f 4s series B
Cons s
102 Vi
72%
*94%
—
Z
j-d
1965
debs
Socony-Vacuum Oil 2 Vis
Bouth 6c Nor Ala RR gtd 5s
1st
92Vi
94
96
5
A-O
Virginia Electric & Power Co—
1st 6c ref mtge 2%s series E
1st Si ref mtge 3s series F
127
100%
72 ya
r-A
Skelly Oil 2%s
V"
■'•■
87%
2
1967
Vandalla RR cons g 4s series
'
a-o
3s
93
103
127
100
72%
...
j-d
1971
2Vis
6c Sons
2 Vis
15
96%
92%
96%
""
80 Vi
II-/.'
*101
'
(Jos S)
102%
65 y4
109
89 Vi
90
100 Va 100%
A-0
1996
Jan 2016
Vis series A
Shell Union Oil
High
96%
89 Vi
J-D
1971
1989
1st gtd 4s
4s series A
AGen mtge 4
83 %
—
-
Air Line RR Co—
let mtge
Beagram
80
104 Vi 105
J-J
gold 5s series A
1990
St Paul 6c Duluth 1st cons gold 4&-1968
Paul
129
61 %
M-N
1989
2d 4s lnc bond ctfs
Seaboard
87 Vi
Low
6
1976
debs
2%i debentures
v
J«Ita»rs 1.
NO.
98%
88 Vi
98%
f
88 Vi
M-S
1966
U S Rubber 2%s
85
100
J
1991
Universal Pictures
J-J
Gen 8c ref
Bt
75%
99'/a
—
Range Since
Sold
High
;
certificates
Bcloto V 6c N E
85
*97
,
1997
Jan 2022
:
Bt Louis-Southwestern Ry—
1st 4s bond
A-O
1976
debentures
98%
r-A
mtge 2%s series C_
Ref
79 Vk
Bonds
RR—
United Biscuit 2%s debs_
lOOVi
St Lawr 6c Adlr 1st gold 5s
stamped
■'
Low
2%s
Beguenay Power 3s series A
gold 6s
Last
\
Salt Prlee
Period
Exchange
Stock
High
Union
2d
York
New
Interest
'
BONDS' V
Bangs Bines
Jannary1 1
Sold
Week's Range
or Friday's
Bid & Asked
Friday
.
Bends
Frlday's
Bid A Asked
Low
Bt L Rocky Mt 6c P 5s
17
Week's Range
*-^ y
-
I
y
•
101
NEW YORK CURB EXCHANGE
AND
WEEKLY
in
in
footnote
a
RECORD
YEARLY
disregarded in the week's rsnge unless they are the only transactions of the week, and
No account is taken of such sales In computing the range for the year.
and deferred delivery sales are
NOTICE—Cash
week in which they occur.
the
following extensive list we furnish a complete record of the transactions on the New York
In the
when selling outside the
,
week beginning on Saturday,
Curb Exchange for the
Curb Exchange itself, and is
Sept. 11, and ending the current Friday, Sept. 17. It is compiled from daily reports of the
or bond, in which any dealings have occurred during the current year.
regular weekly rang© are shown
intended to include every security
whether stock
SEPTEMBER 1?
RANGE FOR WEEK ENDED
Last
:■
/ New York Curb Exchange/ ;
/,/;//■j»ar
1 %
1
Alloys—
Aluminum
Acme Wire Co
10
common—
Supply
Aero
Agnew Surpass Shoe Stores
Ainsworth
Mfg
Air
Investors
common
Associates
Air
Convertible
(N J)
lnc
—
common
preferred
lAireon Mfg Corp common
,
•
1
•
5
1
2
10
50c
3
Electric Appliance
Air-Way
Great
Power
4.20%
&
Allied
Internat
Bros
Aluminum
$3.75
of
America
Aluminum
Goods
common
36
•'
—
%
%
1
••
IVo'
7%
common
Jun
1%
Jan
•% Jun
37/a
Jan
%
1,000
■
7%'
500
5%
1
...
-
10
■"
•
101 Vi May
Feb
Jan
47/a May
Jan
Sep
7"
Apr
3% May
3V4
W-i
-
14
55%
100
•
93%
62%
"
8'/a
8 Va
507/a
50%
58
2,900
200
93% *
y.
••j:
200
9
/
Mar ♦
Feb
69
89% Aug
98
22
.
8y.
For
common
footnotes
see
page
35.
51%
-
r,
2,700
36
Apr
■
.
/ •
—
25
Class
■
6%
17%
37%
—•
Range Since January 1
1,600
'• --'/
2
76%
1% Aug
/
900
400
6,800
6%
17%
38%
107% 109
2%
2%
35% 35'/a
6%
16%
37%
200
Jan
66
Jon
Potash & Chem class A
American
!
Republics
—
—
18%
/: 32
;
—
30%
18%
30%
8eal-Kap
Amer Superpower
$6 series
common
Corp com
preferred
4%
/25%
44 Vi
1
2
•
1% July
5% Mar
19
150
17,500
32
—
•
/ 28%
- 20
;*: ;■ 3% /
%
15%
5
26
/
44% '
—
—
' i
28% 29%
19% 20% ,
3%
4
/
%
1
V
Sep
113% May
1%
Feb
56%
56%
.
3 Vi May
Jan
40
36% July
43%
Jan
Feb
21%
Jun
Mar
32%
i 29
Jan
15% Feb
30 % July
19
32%
Jan
Feb
18
Jun
Feb
7
Jun
Feb
27
Sep
38
Mar
51
Jan
x30
Aug
36
Jan
36 Va
Jan
14%
3
17%
—
28%
900
400
9,200
100
Jun
32 % July
Sep
18% Mar
2,300
.
7%
107%
300
7,800
300
300
>
19% May
40 % July
,700
4%
25%
43%
-
Feb
31
25
.
2% Aug
2% Jan
90
Jan
-I
16% Mar
1,400
30%
15%
25
•
•
10
2
10c
*
75 Va Aug
30
80
High
Low
-
16>
•
B
American
Jan
•131
common—
Metal Products Co
American Meter Co
American
Jun
Sep
American Mfg Co
American
May
Mar
Mar
'
American Maiacaibo Co
Jan
22
60
n-
55%
22%
-
Aluminum Ltd
•
May
'
17 y4 Mar
■
gkarea
Sep
94
2%
m>mi"
mm'-
79
8 va May
4%
100
3%
3%
:
Feb
87
99
99
Apr
Jun
38
fer Week
—
—
__
> 80
1
American Fork & Hoe common
•
American Gas & Electric com
16
4%%
preferred
100
American General Corp common——lOe
$2 convertible preferred
1
$2.50 convertible preferred
I
American Hard Rubber Co.—....—.25
American Laundry Mach
20
American Light Si Trac common
25
6% preferred
25
3% Ma7
Apr
7,100
.".: %
9%
Feb
Bales
•
Cities Power & Light—
'Class B_
14% Jun
Sep
6% Mar
'
1
5
•
American
6% Aug
3
•
preferred
Mfg
Industries
200
•
common
Co
cumulative
Aluminum
Corp
common
Apr
3% Mar
11
400
7%
7'/a
1
Investing
(Mich)
11%
11
1
Beverage
Book Co
1%
1%
common.——1
..100
American
6% Aug
—
7%
American
Jan
1%
1,300
100
Fisher common
Allied Products
Altorfer
pfd
lnc
Alaska- Airlines
Alles
2
Range
ef Prieee
low. Nig*
Per
Car Co class A——1
Mar
7%
4% Mar
200
6'/a
Exchange
Week's
,
American Bantam
35
Last
gale Friee
'vy/
5% Mar
Jan
✓
Curb
Friday
'
/
3% May
Aug
31%
/:•,•/ High
x
Sep
3y8
130
200
,•
2
iye
*
—
Low
.
700
1%
34%
6'/a
—50
Southern
Alabama
,
4
3%
33
2
6§c convertible preferred—.———.10
Alabama
'/;•
High
1%
:
34%
1
Adam Hat Stores lnc
York
New
Bangs Sine* January 1
'
ACF-Brill Motors warrants.^^,....^.
Acme
Shares
of Prices
Low
'
STOCKS—
fsr Week
Range
gale Price
/
Sales
Week's
Friday
STOCKS—
3% Aug
•
% Mar
42 %
Feb
May
27 y8 May
5%
Jun
1% May
62
July
32
THE
(1168)
COMMERCIAL
NEW
Vkfdsy
Mow York Curb
Week's
.
LasS
7
17
.
7
Sales
ef Prioes
low
8kar»s
LOW
High
Terk
Mew
Bangs Sinee Jannsry 1
Week's
-
i
Low
JPlf
,
Sales
•
Shares
Anchor Post Products.
Angerman Co Inc
4%
400
.
4% Apr
900
5%
8
—1
common
6
Sep
5% Feb
dep rets ord
Low
14
xlO
10%
1,300
100
103
103%
230
1
4
4%
1,800
5%
6
1,100
6%
8,400
10%
100
Argus
2%
—*
common
Common class A non-voting———•
0%
Aro
pfd—
Equipment Corp
10%
*
1.90
Ashland Oil St Refining Co
Associated Electric Industries—
10%
98% Jan
7>4fv
Sep '
4% Feb
4%
Feb
10% May
112
Feb
19% Juit
Controller
Clark
108% May
Co
Mfg
6% May
8% May
Club Aluminum
Products Co
Cocksbutt Plow Co common
8% May
300
10%
Feb
14
12%
Feb
23
Jun
£1
•
6
%
59
4%
26%
29
5
—
8
Babcock k Wilcox Co
6% Feb
'A*
24%
7
21
5%
5%
36%
36%
1
63
2,600
95/a
Jun
6%
Feb
Jan
Mar
Jan
4% Mar
4,900
500
66%
Consolidated
250
IV,
1
5%
5%
200
14%
200
2
IV,
8%-
8%
7%
-•
;
66% Sep
Jast
11
7%
97
:.f''
18
99
1%
8%
1,000
■
19
31
Apr
3%
152
10%
American
dep receipts
9%
Apr
50
———100
Crown Cork
Jan
17%
7% '
—•
£1
Brown Rubber Co
Bruce (E L) Co
19%
8%.
Cuban
Tobacco
''
*
Curtis
Mfg Co
■
4%
14 V#-..
14 Ve
1V4
7.-;;'
'50
.
'
2%. Jan
Feb
17% May
^
11%/Apr
-.May
4%
Vi
.'6
15% May
Feb
;'//9%i Jun;
56 % May
Mar
"•
3% July
37%
Feb
$1,4 Fe*
6%
.15
;
5 V,
2%
2%
•
Jan
9
1S% Sep
-•
Sep
3*# May
2% Mar:
730# 30#
•
26
Jan
9?b May
Feb
13% Mar
15
/'2%
Jun
Pi jUn >
10%
5% Mar
>6%
4%'Jan
53%
>
Feb
1
-Apr
35
Apr
-102
Jun
20%
N16% Mar
20 %, May
102. '
Xl8 • -
*100% Mar
104% Jab
111a May-'
6% j
J:i6%
787
.—2.50
1
(Mo)
3V« Jan
46
% May
:
13% Jan
125
51
Jun
Jan
jun
8%Aug.
'■
1,000:.
i 100 '
1,100
•
Jan
15fa
40
May
>009; /
?
4%;
—•
common.
Curtis Lighting Inc common
13% Mar
—
22%
July
9% Aug
9% Aug
13%
Jan
12%
Feb
9%
;
50
Inc
2.50
1%
1%
200
22%
22%
400
El
n%
5
1
•
x5%
4,000
10
10%
400
26%
400
26
———————
26%
Devoe St
23%
Sep
Diana Stores
2%
Jan"
r
7
'.34
rr
—
.6..*.
'7/ir
V300; /
,
-
/
7%
•
140
140
25%
200
•
'•
2,700
u%>i2%
.27 %
2% Sep
30% Aug
,
/v.- :l
-
1-%
\
:
Jan;
400
t.
2%
.
.
.10
140
3,900
18
<:
27%
"1%
:
""3%-"3%'
k2,100
•
22%
22%
r-
Apr
Feh
--
Mar
■
2% May
700
23%
..
fi 5% Mar
H9 % Aug.
9;
10
18% Feb.
Dobeckmun Co
12
Jun
31
July
10% Mar
11
700
21
3,600
16
——1
16%
13
dep rets ord reg__
■i
24% Jun
Mar
17% Jun
Dominion Textile Co Ltd common.
16%
300
U
4,700
2*/4
700
2 % Mar
25o
13%
13%
100
10% July
%
Feb
11% Aug
1,100
5%
-100
6%
11%
Feb
Chem
Draper
Duke
1,000
Sep
7% Aug
3,900
2%
14%
15 >
3%
"21% Mar
14%
1,800
11%
May
12%
Apr
29
*
Jan'
Jun
|
Jun
16% May
Feb
•
•
"9%
65
Mar
10
36
Jan
40
Jun
74% Mar
83
May
Jan
8
Jan
11% July
14
Jan
V
5 % May
i
Corp
Power
8'
3
14%
39
Co Ltd
Driver Harris Co
13% Sep
7%
2%
•
1% May
3%
Jan
11%
11%
*
Dominion Steel St Coal class B
Dominion Tar St
%
200
12
11%
1
—1
12 % May
2%
6%
"2%
—II
common
Domestic Credit Corp class A
Dominion Bridge Co Ltd
Mar
12%c
</U%
6%
■
■
Amer
May
11
11%
•
Corp common———10s
Distillers Co Ltd~
32
20%
Raynolds class B
27% May
5% July
Feb
2.50
i
2%
25% May
17 % Mar
100
—
I'.'e.
;
Jun
1% Aug
20
500'
26%
1
2.50
Jan
Jan
1% Apr
Sep
Sep
f'j
common-;—--1
—-——10c
Dayton Robber Cp class A-————-31
Dejay Stores common
—s
-60c
Dennlson Mfg class; A common
9
8% debenture—
—,
100
Derby Oil Co coinmon.*—.1,
I
Detroit Ossket St Manufacturing
-1
Detroit Gray Iron Foundry
1
Jun
15% Mar
Mills
Hosiery
Davidson-Brothers
July
200
4
Bunker Hill St Sullivan
Burd Piston
Ring Co_
Burms Corp Amer
dep rets
Burry Biscuit Corp
Butler (P H) common
:
8%
400
„
.
-
4%
"A" partic—L*
Internat'l
Davenport
400
9%
pfd.————*.10v
Buckeye Pipe Line
J°9
2
\900
12%/.,
2%
Feb
Mar
30.
mm
100
%
9
ifey Minea Inc.———_
20%
10s
common
11 Ve
400
:& ■
•;
2
9 v
1% July
200
:
9
Detroit Steel Products—
common
*
mm*
Jun
91/2 i 9%
——II
Bruck Mills Ltd
1%
14 Ve
Jan
18
—*
Distillers
5% July
May
14%
*
Amer
Jun
12%
7%
(Md)
19% May
11% Mar
7%
A————————*
dep rets ord bearer
Amer dep rcte ord
reg—
107
-1
•
—jI
23 Va Aug
7%
•
British American
Tobacco—
72% Feb
2% Mar
12%
preferred
10
Cubaq Atlantic Sugar common———*8
';?■ fi
pgeKerrest.;.
j ,;v;ri- iV'. ■ f.1 ■'.T*'
May
11
17V4
1
Oil Co—
>.1,100
:7 ft
Crown Drug Co oommon—
——25c
Crystal Oil Refining common
-•
Jan
30
—•
—
Aug
8%
80% Aug
25
—
% Aug
49
II--
Sir;
-—
Petrol
Cent
Crown
Sep
10% May
•
11
29% Feb
1%
90
Brewing Co_
Crosley Motors Inc
Crowley Mllner St Co
Jun
Jan
2,300
•
1
Croft
14% Aug
4% May
—*
105*2
Sep
>1,700
13%
mm
-1
•
■
Jan
11
(ord reg)—£1
Creole Petroleum--
26% Sep
35
Sep
18
97
:
49
300
—1
>-*
5c
convertible preferred
Courtaulds Ltd—•
Jan
Jan
;70
114% May
107% Mar
40
;
Jun
8%
-
62% Aug
;
120
•
99% 101%
•
Cosden Petroleum common
May
8% Aug
Jan
mm
—
—
...
7
y*6% Feb
.525
<J;
1
f
*
Co———1
Reynolds common
preferred class A
$1
A May
29% July
'
Aug
17
5% May
>
11
100%
*
x'"..„ ?
Corroon St
Jun
Sep
1
Corp; common
——
Bridgeport Gas Light Co.—
Bridgeport Oil CoJ
Brlllo Mfg Co
commons
Junior
Apr
38%
11
*
9
10
Coro' Inc.*—.
Jan
Aug
——1
common
Breeze
cum
July
Feb
A Jan
<
1,000
.
64 %
109
;'—
Utilities
Gas
V/z
63%
108
100
—100
Cooper Brewing Co common
Copper Range Co
——
Cornucopia Gold Mines
7% May
125% Mar
,
—-
Brazilian Traction
Light St Power—.•
4%
Feb
TVs
7;
38 Va
.
'
——
Consolidated Royalty Oil
;Vl fe
f
-r ; /
"V
15% May
5V»
610
—•
Co common!
CSass B—
Brown Forman
9% May
'
Liquidating Corp
Consolidated Mining St Smelt Ltd
14
Jan
14
200
148 V. 151%
——•
British Celanese Ltd—*
Amer dep rets ord
reg
British Columbia Power
class A
July
July
25% Mar a
v
>
.
Consol
Sep
10% Mar
14%
'mm,
--1
———
~lv*..
m
5%
1
Feb
IS
'
——1
common
British-American
15
•v'
Feb
4%
Jan
>8
-
Feb
100
12,800
preferred series C
4%
Apr
9% Apr
16% July
Jun
Bickford'a Inc common—1
Blrdsboro .Steel Fdry & Mach Co com_*
Class
3%
750
%
series B preferred
41/2%
May.
July
10%
6
6%
...
lite
*00
prior cum pfd
Borne, Bcrymser Co
Bourjoia- Inc—
Feb
Jan
July
7%
3% .Feb
29%
Jun
51
;, 6% Aug
:
5
Aug
3,300-
4%
Consol O E L P Bait common—
7% May
4 Ve
$6
(HC)
Feb
7%
Jun
,
"10%
Jan
;.
;
1,200
•
27%
Compo Shoe Machinery—
Vtc ext to 1956-:——.
27
9
100
•mm
1
Convertible preferred
Bohack
5%
92
Apr
4%
26
45
mm'
5%
5%
—1
common
24
.1,000
26%
5%
Shoe Corp
Aircraft common!.
Ridge Corp
Jun
.
4%
'4
7%. Mar
7 809
7%
29
Continental Fdy St Machine
St Varnish Co
——
—I
(AS)
Blumenthal (S). & Co
Feb
100
13%
5%'
Cook Paint
9%
—
—i—
Benson St Hedges common—
Blue
Feb
1%
600
42%
5%
Inc
Commonwealth St
Feb
34
——I
$1.20 convertible A common———0
Blauner's
-1%
-
500
.
Southern warrants-
Hotel
Commodore
)t
60%
$0%
—
Basic Refractories Inc
Baumann (L) St Co common—
Beau-Brummel Ties common
Bellanca
'
•
29
Community Public Service
15% Feb
700:
Locomotive—
Bell Tel of Canada
Benrus Watch Co Inc
9
1
1
j
Jan
64%
4% Jan
preferred
Baldwin Rubber Co common
Banco de los Andes—
Beck
19
Apt
'
400
5%
Jun
•II.
Feb
14
Jun
66%
14% May
Feb
0
Continental Car-Na-Var Corp———1
-
.
American shares
Barium Steel Corp.
Barlow St Seelig Mfg—
9%
4,300
13%
*
11% Mar
50
•
r
2 »/2
41
Colorado Fuel St Iron warrants
Jan
32
Feb
10% Mar
mm
mm
19%
—
B
7%
;
Feb
700-
•
3
6%
Airlines
Aug
1%
24%
mm''.
-h,
8%
17
92
Mar
3% Feb
5%
5
mm
Feb
2% Mar
60
—
Aug
% Feb
6%
3%
26%
•
-
14%
3%
9
Ayrihlrs Collieries Corp com—
%
13
1
1
Automatic Steel Products Inc
Automatic Voting.Machine
Avery (B F) St Sons common
Baldwin
15%
-
9
—
Colonial Sand St Stone Co
Jun
2,400
Development ordinary
Colonial
115% Aug
10%
1%
Feb
/;/
2%
*
•
Colon
Jan
-;:.i:;^'200"i;
Jan
%
31%
1,700
2%
,
4
20
Clinchfleld Coal Corp common
10%
13%
1
Lambert Mfg__
Clayton St
?.
15%
Claude Neon Inc common
24,400 7
10%
1
Clarostat
Apr
1%
50%
13
.im.'/.,
•
Jan
4
12%
5%
1%
7% May
734 May
'
Corp warrants
Plywood Corp.-
preferred _i
18%
Feb
:.6'/2 Jft:, 700
-■/7
High
5% Jan
48%
-5
10
City Auto Stamping
City A Suburban Homes
8 .Sep
Colt's Manufacturing Co
American dep rets reg—i
Associated Laundries of America
6%
8%
30
11
18
1
13% Aug
2% Sep
200
112% 113%
Associated Tel St Tel class A,.—
•
Atlantic Coast Fisheries—
———1
Atlantic Coast Line Co
50
Atlas
450
3
5%.
10
preferred—
Atlas
14%
£1
1
1
reg
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Arkansas Power St Light $7
;
200
6%
-
6
.
Jan
f',} 0:
Angostura-Wupperman
Inc
Arkansas Natural Gas
* Jan
9
6%
Chicago k Southern Air Lines*—.
j
oting trust ctfs
—
—*
Chief Consolidated Mining
1
Cities Service common
10
Jaa
-
8%
July
Anglo-Iranian Oil Co Ltd—
Amer
.f
1M|« Since January 1
High
•
American Thread 5% preferredAmerican Writing Paper common-
>
for Week
Kange
ef Prices
Sale r rice
Exchange
Orb
Friday/
7/ Last
stocks—
IUgh
Monday, September 20, 1948
EXCHANGE
SEPTEMBER
for Week
Bangs
gala Prise
Exchange
WEEK ENDED
/
CHRONICLE
FINANCIAL
CURB
YORK
RANGE FOR
STOCKS—
&
Co
•
ii3b
Feb
May
79% May
Dunlop Rubber Co Ltd—
Amer
dep rets ord
reg
Cables k WirelessAmerican dep rets
5% pfd
Calamba Sugar Estate
Calif Cotton Mills Co
£1
5
1
Callite Tungsten
Corp_
Camden Fire Insurance
Canada Bread Co
.
1
18
Ltd-———*
12%
30
•
Carr-Consolidated
Amer
Amer
Ltd—
(AM)
&
$7
*'
-
1
Co—
4%
4%
3%
1,300
-
A
"3%
88 Va
July/
65% Mar
83
May
58
"3%
3
400
64%
65
12%
12%
250
10% July
50
88
53% Feb
'/ 200
'
Jan
4% May
Feb
57
,
65
Apr
2% Mar
mm
•
Mar
May
76
325
•
*
.
7
325
75%
54
•
oorp
Feb
81%
74
75%
28
May
81% May
Sugar Associates—
shares of beneficial lnt
1
-V
•
-
:
1
62
59%
62 %
1,350
•
13 Va
12%
13 Va
—0
13%
13%
14
1,900
19,800
{
common
Electric Power A Light
Feb
$7 2d pfd A—*
Option
35"
Mar
6% Jan
W
•'
-
142
1
3%
Electromaster
Inc
Emsco Derrick A
—
U 143
14
-
Feo
9%
126
Aug
6212
8% Feb
140
;
'
2s Bd
1
1.
Feb
16%
Feb
Sep
|
14% May
■
3
'
>
2%
-
.
3
900,
400
95
,V/z
/?%•
c
•
Jun
Jan
146
3% Feb
July
14% May;
lOVa Aug
2% Mar
1,000
„
95
:7.%
•
1/
*'f "rnm' 1
-v
—10c
r
6%
11%
10
92
3%
..
Jan
.98
'
—0
Esquire Inc
Eureka Corp T.td,^
Eureka Pipe Line common
6%
11%
ll'A
••
100
Equipment-.
Equity Corp common
jl
#S
cnnvertihl*
pr«fi»rr*d
Sep
1
1
Empire District Electric 8% pfd
Empire Millwort Corp..
—£1
•
C■.
warrants
Electrographic Corp common
3% Aug
/
Apr
108% Jan
•
:
Jun I
80%
.-100
i
series
4%
-10$
$6 preferred series B——,
48
*
'
16%
'
2.50
Biscuit Co—
otuiee
preferred
Eastern
Jun
1V.
——•
Carter (J W) Co common
Casco Products common—
Castle
jh»et,eru
Feb
139%
;
dep rets A ord
dep rets B ord__-_
Feb
12% Feb
•
common
Electrle Bond A Share
•
Light $5 pfd
Assn
85 pfd shares of beneficial lntEasy Washing Machine class B
1
—,—
k Fuel
prior preferred
preferred
Com
Capital City Products
Carey Baxter St Kennedy Inc
3%
—•
Eastern Malleable Iron
Feb
xl4% Mar
non-voting
•
Canadian Industries Ltd—
1% preferred—
.———100
Canadian Marconi
Carreras
8%
•
Carnation Co common.,
Carolina Power St
Gas
iV»%
22% May
I6V4 Apr
•
Class A voting
Class B
Carman St Co
East
Jan
3%
•
Canadian Canners Ltd
common
Convertible
preferred
Canadian Industrial Alcohol—
6% Feb
8
Aug
6% Mar
2% Mar
8
Canada Cement Co Ltd
common
9% %
preference.—
1
2% Mar
1
California Electric Power
•
Hosiery class B common
Corp common
Duval Texas Sulphur—
;
50e
8
11
.
Durham
Duro Test
Cable Electric Products
common
:
1%:
38
,
1%
^8*4
v;
9,300
6%
11
V
1%
;
-71% •Feb
6%
1%
1%
si«3'3(MP*
I
45f4
Apr
i *22%
-225
25
|
i
24
:
-■•••
Feb
21
:
15
175-f- 7 -37% Aug
XifclOO^
Jun
Feb
Jan
•Febt7;,:
7 Va '
■
;
Feb
7 Va
—1
—10
:1%
'
ii-
...5
'•
38
_—1
200
;
July-Jun
8% May
3%
Aug
Jun
Jan
30% May;
—10
Catalln Corp of America.
1
Central Maine Power Co—
3.50% preferred
Fair child Camera
——100
Central Ohio Steel Products
Central Power St Light 4%
74% Mar'
1 *
pfd
Central St South West
Corp—
82%
5
10%
(Central States Elec 6%
preferred—100
7%
preferred
.100
Conv pfd opt dlv ser—
common
page
8%
Apr
Feb
8
Sep
$2 dlv
Sep
Sep
10%.
July
4%
8
8
3%
Feb
7%
Feb
9
19%
19%
56%
58%
54
16%
17
15% Aug
;
.
July
5% May
15%
Apr
Jan;
46
.2
.
>
58%
Sep
Feb
7 Jan
3% May
38% Apr%
Ford Motor Co Ltd—
K Feb
10
35.
(Phila)
8%
72
10% July
18% Aug
4
Fire Association
29
Jan
3% Jan10%
First York Corp common-
11%
—10
—
9%
Metallurgical
7
4%
—.2.50;
Chesebrough Mfg common
Chicago Rivet St Mach
see
10%
11%
k Instrument.
Fairchlld Engine St Airplane
Fansteel
preferred
Fishman (MH) Co—
9c to $1 Stores-
10%
1
Chamberlln Co of America
Feb
6
■
10
Charts Corp common—
Cnerry-Burrell common
8
68%
.—100
Cessna Aircraft Co common
For footnotes
■
100
Conv pfd opt dlv ser 1929
Century Electric Co
16%
100
Apr
Amer
Ford
cum
'33
16
dep rets ord reg_.
Motor
3%'
Amer
Fort
of
4
3% Aug
18
Apr
SVa May 1
21%
21%
16% Jan
25 V4
25*4
18%
Jan
France—
dep rets bearer
Pitt
14% Mar
of Canada—
Class A non-voting.
Class B voting-
Ford Motor
AUg'f'
16
Brewing Co
rl%
10%
Vl
10
1
10%
1
Feb
7%
Feb
2
Jan
10% Sep
(1169) n
NEW
'
'
YORK
WEEK ENDED SEPTEMBER 11
RANGE FOR
Fridaj
Week's
Last
;-;;&ange'
STOCKS—
•/■>>-
-
Fox
Curb Exchange
York
New
'
v.--:;"r.A:^
v
Par
>
12
<
Friday
Low
12 V2
1,000
10%
1
Franklin Simon & Co Tnc common
27 \ 2
27
8%
9
%
100
*
25
Mar
32
Jun
Kalser-Frazer Corp
12%
-
Jan
Kansas Gas & Electric *7 %
8% Mar
600
Kawneer
Co
Corp common
Gatlneau Power Co
2
.
Alloys
1244
2,100
9044
:
9
1
Co
—.
744
7%
/
■
:: 400
Corp .com
9244 July
10% Apr
1% Mar
7Ye
1
25
,
17% July
Feb
15% Jun
6% Mar
•
—
Jun
84
10
Feb
16
::
100
i
General: Builders Supply
6% conv preferred—
12
_•
common
.6 % preferred
Gellmaa Mtg Co common
i
General
1244
MEN*
"4%
1,600
23%
\ 1.■
_444
23%
50
3%
Feb
23 Ya
Sep
;
27%
Jpn
General -Electric Co Ltd—
Amer
dep rets ord
General-Finance Corp common
8% preferred series A
•»%
6
1
3444
General:Phoenix Corp
General
Shareholdings Corp
_4Ye
•
~4%
1,860
112% U2V2
45/8
4%
•
common..
434
20%
Co
27 %
28%
•
23%
22%
23%
3,800
*
.1
(Adolf) Inc. common.—..^,
Godchaux Sugar* class A
Class B
13%
•
13
J
2%
13 y4
100
13
—.
_g
Gob el
13
%
200
244
;
100
23/s
*
*
Mfg Go..
Gorham Inc clhss A—
Gorham -Mfg
Non-voting
1%
1st
is;
20
16 Ye
8 r
~9Y»
9;
•
9%
113/
114
/
500
/
Utilities $4.40 pfd
Gypsum Lime lb Alabastine..
38 Ya
38%
39
98
*
911
30
;
T*mp
Rights,
w
Hampton
Co.
—
Hammermill
Hartford
Paper
Electric Light.—
Hartford
Rayon
Harvard
944
v
>
Co
120
9%
109
wmmmm
Feb
.'."5%
Sep
300
6Ys
13%
1,500
9Y4
100
12%
12%
400
8%
84a
9Y4
123
10 Ya
10 Ya
10%
93
93
200
50
1
G M
6
6
6
400
48%
49
200
9
8%
9
400
34 a
0
3 Ye
3%
500
i
19
19
•
42
42
common
Baking Co
mm —
«...
_•
r
common
^
•
preferred
3044
30 Ye
100
160
■
—
31
300
—
—
Inc
-(Harvey)
Hum Die
Hurd
Oil
Lock
&
Inc
common
&
Mfg
Huyler's
stock
—
76 Ye
3
$2.25 pfd.
76%
2%
^2 Ya
2Ye
41 Ye
41 Ye
_•
warrants
5
j
-
—
I
Hydro-Electric Securities
Hygrade Food Products
2,600
200
-
,
5
.344
1
common
1st conv preferred
77 Ya
27
75
100*
344
400
27 Ya
200
•
g
—
-
—
—
Public
/
Aug
Service
Illinois
Zinc
Co
50
52%
63 %
»
common
10 Ya
10%
Imperial Chemical Industries—
Amer
dep rets registered
Imperial Oil (Canada) coupon
Registered
500*
£1
1
•
*
'
Mfg Co comraoff—
convertible preferred
McAleer
5%
1
Corp
McKee
(A G)
Mead
8%
Sep
12
Apr
Menasco
Feb
11%
Jan
Merrltt
Feb
11% May
91
Aug
98%
Jun
73
7%
Apr
May
'7% July
Mar
24
Feb
19
May
89 Ye
-
Aug
4% May
7
Mfg
1
Co
&
1
Co
Chapman
6%%
A
1
Michigan
1
—2.50
;
*
10
1
Steel Tube—
Mlcromatic
Jan
Middle States Petroleum class A v t c—1
148
35%
Michigan Sugar Co common
6% preferred
Hone Corp
Jan
105 Ya
Jan
110%
Jun
Class B
Midland Oil Corp .fl
Midland
4% May
Sep
41 Ye Mar
44
Mldvale Co
Jun
Mid-West
Sep
7Y«
Jan
Sep
42%
Jan
2%
16
Feb
3% May
Feb
28
Jan
conv
5244
Feb
Sep
16%
Jan
8%
Aug
Feb
17
Ya
-■Ya
90,500
Ya
500
*9%
International Cigar Machinery
144
Sep
Jan'
92%
94
100
95
96%
550
8% Aug
July
92% Feb
13%' 13 Ye
*
12
May
Jun
12% July
100
12% May
88
.1344 Jan
96
/
Mar
107% May
10
Feb
Midwest
22 Ye
i,r
-•
International Metal Industries A
International Petroleum
Registered
54
*
shs
International Products
11"
11%
.11
"r
Safety Razor B
*
International
Utilities
5
11%
9,300
IIY2
300
12
400
1%
1%
Investors
common
Royalty
Irving Air Chute
Italian
11
1
Mfg voting trust ctfs
Superpower Corp
18
5%
•
Mar
Oil
Co
9
Ye
'
„
Miller
Wohl Co
700
15Y» Mar
<
convertible preferred
48
18 Ye
18 Ye
1444
1444
Power
11
Aug
July
30
Jan
11
May
Aug
Dakota
Montana
r
18 ■>' Feb
7%Mar
10
%
5,600
% Mar
1
Moody Investors partic pfd.-.
Morris Plan Corp of America
Mountain
Mountain States Power common—
18%
7,600
15
Feb
55% Jan
23 Ye Jun
14 Ya
300
14 Ya
600
14
Sep
1744 May
400
12
Feb
1644
Jun
Apr
27
Jun
34
May
49-
Jefferson Lake
Sulphur Co—,
—1
5 Ye
-
1/
11 Ye
844
.
.
—1
—
Jun
Muter
9% Mar
13%
'17
41 Mar
12%
Co
4%
Jan
44 Mar
1%
it
.
Koireture
Co.,
—
_
For
footnotes
600
6 Ye
Y
see
page
35.
Apr
common
*"
Company
common—.
Namm's
Feb
"*^ep
Feb
July
6% May
8 *
/May
2
Jan
35 Ya
600*
22% Mar
42
July
25
37 Ye "Mar
44% Apr
29
17
30 Ya Aug
n
200
17 Ye
600
17
l'/e
1,700
>
2%
2%
244
444
44k
4Ye
1,800
1 Ye Mar
9%
July
Feb
17
Sep
1 /Jan
8,300
108
3%
*
Feb
Feb
Feb
3 Y« Feb
43
6 Ye
6 Ye
1%
1%
6 Ye
12% Mar
25 Y4
Jan
3 Ye Mar
Jan
—
''
'*
8
8
7%
7 Ye
28 Ye
28 Ya
7
7
'
900
SVe'Jun
10% "May
2% May
9 Ye Jan
Feb
6Ya Mar
Feb
200
19
2,100
-
Jun
/^Jun
Feb
7 Ye
100
-
Ye >
28%
744
6 Ye May
60
144 Mar
/>
144::
1044 Jun
July
111
7 j/4 Mar
544
500
V:-.«
«...
Apr
81% Aug
10
8% Apr
5 Ye
Feb
7 Ye
Feb
lOYe
Sep
10V4 July
1344
Jan
23% Mar
7Ye;
28
Apr
28% Apr
5
May
24
Apr
22 Ya July
8,100
104k
10%
10,600
1044
1044
50
20 Ye
21
«...
20 Ya
>
■
V
3 Ye
'
22
22 Ye
■
275
19%
Feb
400
-
3 Ye
3 Ye
Aug
18
1,300
''XV-.M.
3Ya
3%
7 Ye
944
2544
25 Ye
7 Ye
74k
37/e
"4
4
Jan
Mar
27
11 Y»
8% Mar *
6% Jun
-
2Ye
10 Y2
1,400
165 Y«
150
Feb
Jun
162
Feb
"4
16
16 V*
3144
105
13% May
17844 Jun
300
344
Feb
12 Ye
Feb
2644
Jan
600
29
1; 406
97% Mar
20
Jun
3Ye May
Apr
2,000
33
105
96 Ya
103% Jun
Aug
3444 Mar
~4
Jan
6Ye Mar
9644 Aug
165
Sep
Jan
-
2 Ye
800
5,800
93
.10%
May
944
104
23 Ye Mar
:
-
10 Ya
5
Jun
0% May
35
Mar
96
50
Feb
Jan
5
8,800
•
—:■. /
Feb
Mar
30%
75
33
8%
y
2
7
100
33
9 Ye
13%
1
700
7%
3%
40 Ya
Jun
4 Ye May
Apr
33% Aug
17%
115
July
1044 Aug
27
Aug
33% May
13% Jan
11%
28 »/4
28
Y4
10 Ya
10%
10%
10/10%
50c
Jan
14% May
200
10
Sep
12
Aug
700
11
15Ye
Jan
300
23% Sep
25
July
Nations 1
Bellas
National
Breweries
Hess
common
common
—1
8 Ye
Feb
9%
Jun
Sep
6%
Jun
88%
Jan
344
5 Ye
100
Sep
4% Mar
3%
3%
4,100
2Ya Mar
3444
•
13 Ye
220
35
UYe
114k
9,400
14%-
1444
500
13%
11%
13
Ya
200
6Ya
8%
600
9
9
100
1
National Rubber Machinery
National Steel Car Ltd
National Transit common
2
4
10
*
1
35% Jan
37% Jun
12% Jan
Apr
12 Ye Aug
4%
100
16 Ye July
16
May
17% Feb
7 Ye Mar
10% May
844 Aug
Mar
11 Ya
Feb.
22 Ye
Jun
15
444
4Ye July
Feb
Sep
12 Ya Feb
11 Ye
1244
844
6Ye May
29 Ye Mar
33 Y4
25
•
1
Mfg & Stores common
National Radiator Co
Feb
4Ya
4 Ye
5 Ye
11
1
common
Aug
4%
100
Apr
13
20 V4
10%
10
Corp
Inc
National Pressure Cooker common
100
20%
3% Ap r
May
Feb;
N
Nacbman
Jan
6%
—
39Y4 Sep
38%
144
—10
9 Ye
4 Ye
—.
Aug
9
Feb
34 Ya
—
Jun
2% May
20% May
7% Apr
Sep
Jun
18 Ya
38 Ye
1%
34%
—
2% May
9% Mar
5
Jan
112
Jan
6 Ya
7
—
Preference
4
•
6Ya
33
5
•
2.50
Ohio Mfg Co
wijakoKpe
Jan
100
>2Ya
900
100
•
Vernon-Woodberry Mills
Muskegon Piston Ring common
4 Ye
Jim Brown Stores common
Julinn
5 Ye
Apr
Sep
'
■'
100
Tel
National
—1
'
,13 Ye Mar
16
National Mallinson Fabrics
common
Jan
60
Apr
14
1Q%
22
1
& Tel
States
Jun
100
Jan
Mar
44
400
a
10%
10
Producers
Apr
Sep
July
2,400
56'%
>54<
:.
*
—_•
10c
1% preferred
National Fuel Gas
Jeannette Glass Co
26% Jan
24% May
5,700
•
5
& Co class A
14
Feb
7„
2444 Jun
544
14
V—
•
Utilities
24
1%
T„
26
Feb
(Feb
1,500
13%/14%
14
10 Ye
Molybdenum Corp
—.1
Monogram Pictures common
1
Monongahela Power Co—
4.40% cum pfd
—.100
4.80% cum pfd series B
100
Monroe Loan Society com class A
1
Sep
16%
500
Apr
22
50
9Ya
Light 5% pfd—100
81
9% Mar
HYa
May
21% Julr
> 12 Ye July
25
110
10%
50
•
Public Service common
Murray
X22Y2
1% Jan
25
21
52%
54 >.
50c
common
Jan
100
5%
Jan
Apr
Sep
2244
7
ft
58 Ya
y
10
...
N8%
100
-
5 Ya
1
cl A
com
3,400
1%
18
51
400
11%
1%
*
1
100
11%
11 Ya
11 Ya
1%
...10
International
Iron Fireman
800
X22% X22 %
*
•
coupon
shares
55
10
Apr
A
14%
500
24 Ya
22Ye
9%
-
7 Ye
*
Midwest Piping 8c Supply common
Refineries
Mt
55
May
9
3,500
1,100
-
International Hydro-Electric— *
50
7
///- 7% Mar
50c
Mid-West
Mountain
Preferred $3.50 series
Feb
6
100
•
•
common
Abrasive
Montgomery Ward
400
Tl%
May
8944 May
10 Ya
16% May
9
20
/
Jun
28
300
■
4'a
1544
;
•
pfd
82 non-cum dividend shares
Jan
27
4
-
944
%
25
Feb
Products—
Steel
7%
Apr
3 Ye
Jun
Jun
11 Ya Mar
-
V".
14 V*
19 Ya
:
,
5
Middle West Corp—
Ex-dlstribution
24%
11 Va Mar
8Ya
944
1
t c
v
88
Feb
1,400
95
-7
25c
———15
Participating preferred
Apr
Sep
2%
Jan
28
19 Ya Aug
Metal Textile Corp common.—.,
Jun
5,900
Indianapolis Pwr & Light 4% pfd__100
Insurance Co of North America.;
10
,7
100
Co..
Jan
Feb
4
Jun
1044 May
18Ye
5%
preferred—
Iron
30%
30%
x65
9%
.
Scott Corp—
&
20%
>44%
15Ya
11%
Aug
,v#% Jan
3
153/s
11 Ye
300
•
& Co class B
Dredging—...........—*
Johnson
Mesabi
85% Jan
48
14%
£i
8
Jan
Feb
Warrants
>
Apr
Jun
i
common
82.50 preferred
Jan
1444
5
—;
744
•
1
10
•
•
16%
Sep
10
McCord
153.8
1
17Y4 May
11 Ye Feb
6Y4
7Ya
-f 1
...
^
common...
McClandhan Oil Co common
15%
■
1344 Aug
8V8 July
500
Marine
7% May
•
Rights w i
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
300
8
.25
24k May
*
—
ft Ireland
1,600
944
23 Y2
:
—
10
Co..
Shovel
Harris
Massey
Minnesota
pfd—
Jun
20
International
Missouri
conv
13
; 2244
Communication Co Ltd
,
4%%
8%
100
24 Ya
Mining Corp of Canada
Illinois Power Co
13 Ya
9Yi May
17 Y4 Jan
Chain.
Mangel Stores common
Manischewitz (The B) Co
94k Aug
19% May
—
•
Co
;Hussman Refrigerator
Common
.5
«
Refining
Feb
*
.
Hubbell
6%
Macklntosh-Hemphlll Go——....—,,8
Feb
-140
—
•
-
-
50
-
Jun
200
8
M
/
11% May
14% July
55/a
Apr
24%
Mar
744
-B
Michigan Bumper Corp
_j
•
Co
/;
;>
/Aug *
9%
Mar
Apr
Groceterias class A
Steel
Marconi
68
IIII•
8t
;
•v# /Ma*
10
14
16
20 Ya
Sep
944
944-
—
10%
12%
£.10
Inc
(Geo A)
•/•13
2044 Jun
liV Jan
-Mar
13%
12
Marlon Power
; 47
Feb
•
100
I
& Hardart
8%
1%
200
8%
100
Co common
Horn A Hardart
Horn
1%
9Y4
Jun
50
22 Ye
8
8
..I
44k July
5%
2
,
w
Bollinger Consolidated
:
#54CJAn
8 3/4
13
22 Ye
Aug
444 May
lA July
13
22 Ye
Sep
•
"*■
1%
13
14
11%
Apt
sri';
Apr ']"
5Vi
•
Holly Stores Inc
Holophane
*
1
100/
4,100
_6
May
8Y« May
;
;*j 2% Mar
25c
common
w
50'
800
1 Ya
%
McWilliams
81 Co class A
Hormel
-
Sep
Feb
Mar
30
i
_•
preferred
Border's
130r....
•
A
(R)
50
.5
/_ 4% preferred w w
Henry Holt 8t Co common
Hoe
50
-
15 Y4
14%
(RG)
9% May
Sep
1
Heller Co common
6 %%
450
43
Ye
33/8 Aug
14%
106 44
44% Jan
>
/
Aug
6Y2
1,300
1%
—
Mar
May
54k
3 Ya
14%
—5
10
Lone Star Gas Go. (Texas)
-1
Longlnes-Wlttnauer Watch Co—
Long Island Lighting CoCommon ctfs of dep
1% preferred A ctfs -of dep
...
8% preferred B ctfs of dep.——.
-1
Louisiana Land
Exploration
•
Louisiana Power di Light 86 pfd
_2
Lynch Corp
Jun
140
.
\+*w
/'
3%
Class B
18% Jan
10% July
14% May
Apr
1
com
Hearn Dept Stores common
Hecla Mining Co
Class
43%;
43
1
Hathaway Bakeries Inc
Hazeltine Corp
Rubinstein
300
3%
12% May
125/e Mar
..1
Loblaw
Jan
Feb ,>
36% Maf //
4,800
744
300
.25
Locke
Jan
85
>.
400
%
'7%
23
Hat Corp of America B non-vot
Helena
6%
*
10
_
common
Brewing
6%
Y4
£111
16 Va
r
Mapes Consolidated Mfg Co
,
Jun
16 Ye
..1
Jan
>
0
i
Brlage Co Ltd
Sep
19
16%
-I
Machine
University
Lit Brothers common
H
V
48 Ya
B
Tourneau
/ Maine
Hal1
60
Jan
Jan
'
Jan
•
.
Feb
..1
Corp common—
Lipton (Thos J) Inc 0% preferred.
#744 May
Feb
98
—
45 Ya
Lionel
% May
Mar
8
100
Apr
,162
Line Material Co
28% Jan
^
Mar
91
150
98
Feo
July
133
•
common..25c
States
5044
■,
'
Jan
/.-;.3% Jan
,
150
9944
58
Le
1544 Jun:
6% Mar
*'
25
%21%
Sep
UYe
100
Jan
57
Lefcourt Realty common
Leonard Oil Development
32% July
25% Aug
Aug
6%
9Y«
9
37 Ya
..1
Class
Jun
Jan
54
Mar
17
200
Company
Lanston Monotype
La Sails Extension
Jan
A Mar
1,100
-/
100
.
Northern Paper..
12
/ 35
/
84
300
15
:
stock
common
preferred
6 3%
8
5
Grocery Stores Products
Gulf
6'%
1
Tea—
Feb
Apr
Feb
60
pfd...25
conv
1
Atlantic'* -Pacific
Great
r6'/2
lo
5%
Apr
3,400
U
■s
;•
;
common
Graham-Paige Motors
-
83
A
%
50
Grand Rapids Varnish
Gray Mfg Co..
Great
32
.1
Goodman
54
May
22%
/
*4.60 prior preferred—
—•
GoMfield Consolidated Mines
Sep
41
Sep
644 Aug
1144
1
Lakey Foundry & Machine
Lamson Corp of Delaware
Lagendorf United Bakeries cl A—
Jun
244
•
'}
5Ys
13% July
12% 'Aug
Z
Jun
17 Ye May
17 % May
57
1
Lake Shore Mines Ltd
Feb
1844
800
Laclede-Chrlsty
Jan
110%
23%
11
273/4
—
117
21%
25
a.ou
14 Ya
175
7
125 Ya
11%
Jun
29
Gladding McBean 8c Co
Gleaner Harvester Corp
Glen- Alden Coal
Ghmmore Distilleries class B
Globe-Union Inc
5%
xlOOYa Sep
Jan
52
,
11% Mar
Jun
2% Mar
16
15
7
122% Aug
11% Mar
100
>
Apr
Feb
Jun
100
20
100
28,600
Mar
Mar
•
-
5%
x9
100
110
400
21
Krueger Brewing Co
Sep
zl05%
_»
,
Apr
Feb
2%
25
July
Knott Corp common
Kobacker
Stores
105%
84 Y2 Mar
-r
.
1
.
Jan
4Y2
1,800
XIOOV2
97
,,v
39
2% Feb
5,500
Jan
Apr
llYa13 Ya
15
*
10
1
(DEmil) Co common
Klelnert (I B)
Rubber Co..
9
juu
Feb
95
100
8
Sep
27
200
544
■*
___
Preferred
Gilchrist
~4
4%
1
*
Ypllowknife Gold. Mines
(A C)
4 V2
_50c
com
Georgia Power $6 preferred
•v
$6 preferred,
Gilbert
200
preferred—*
tfl convertible preferred
Giant
35 Ya
~4
1
General Plywood Corp common
$6
6
1,100
98
_
Public Service
Ye
•144
General: Fireproofing common.
•
General Outdoor Adv 6%
pfd——100
General
6
10
High
1144
1
Klein
M«v
apt
13%
5
•
—■
Klrkland Lake G M Co Ltd—
£1
reg
Low
.
122% 123 Ye
Kimberly-Clark Corp—
*4% % preferred
100
Kings County Lighting 1% pfd B—100
5% preferred D
100
King Seeley Corp
——.>-1
Kingston Products.—.
1
Klrby Petroleum.,
...
1
3% May
6% Jun
1044
11 yB
1
>.100
*
pfd.
Kennedy's Inc
Key Co common—
Kldde (Walter) ft Co
Garrett
Range Since January 1
K
19
Jan
8% July
6% Sep
60
5
4% % conv preferred
Puller (Geo A)
Co
Sep
Bkarss
High
Low
Par
> High
'
ferWeek
ef Prises
///Me Prlee
New York Curb Exchange
Sangs Sineo January 1
WMk's
Range
Last
st6cks—
Shares
High
10.%
'
Sales
for Week
•f Pricer
Low
1.25
Brewing
(Peter)
Bale Price
EXCHANGE
CURB
"
3Ya
Feb
4 Ye May
YORK
NEW
RANGE FOR
Friday
STOCKS—
York
New
Curb
Week's
Last
Exchange
National Union Radio
(Herman) Corp__
Neptune Meter common-—i—7—
Nestle Le
"16'
Mur Co class A
Feb
4ft
Feb
7
Jun
82'/a Mar
96
May
6
Jan
-92,
\
3ft
3ft
Sep
—-
4
*
(Robert)
Stlx
Rice
to
'
—
.
Shares
lft
4
Banes Since January l
Low
low,
ft ..1,2G0
1,2C0
" 1%
7/,
',
"■
18 ft
■
•
59ft
68 ft
6%
6
7
,
(Texas Corp)
12 ft July
8% Aug
8%
66 ft
11
72% July
10% May
Jan
Feb
New
Park
Mining Co
New Process Co
N
Y
N
Auction
1
Y
&
Y
Merchandise
Y
Honduras
Rosario
3%
31ft
27
Feb
32
12ft
12ft
Sep
15
Feb
14 ft
Feb
19
Feb
10ft Jun
1
common
1
1st preferred
2d preferred
7%
100
102
100
13,400
101 7
200
,
Nineteen
Hundred
Nlpissing
May
47/8 May
7
ft
Jun
8ft
Jan
1,100
9ft Mar
400
5
300
12
American
Class B
North
Rayon
American
North. Central
Northeast
North
class
A
Utility Securities
Texas
Oil
Airlines
Penn
RR
Northern
States
Power
class A
48
Aug
4
Mar
90
Feb
103
Feb
Co
Feb
Ohio
Power
4ft %
Oklahoma
Old
class
Polndexter
Oliver United
Omar Inc—
B
common-
preferred-
Natural
-•
41 Vi
—100
Gas
Apr
Distillery————1
9ft
Filters class B
•
;
—
Overseas
—
Securities
1
—
t
—
5
13
__
48
•
15
-
—
3%
6 V2
-
Beeman
Paciflc Public Service com
$1.30 1st preferred
Page-Hersey Tubes
Co
Jun
Bemler
Jun
13
-•
1
18 ft
3'J/4
5
3
24
x7B'/2
25
3%
23
X76V2 x76ft
13% Feb
74
—
•ft Feb
32 ft
common
12ft Mar
1—
Ltd
21,400
;
1
Mills- JCmm
mm
1m
25
.
;
ri_r
-
Co
••
.
9,800
• 120
4
2
500
39
Mar
500
4
Apr
60ft
1,050
48
.
101
.
37/a
4%
200
7ft
700
500
2
2
2
XI1
50
Feb
250
5
Pleasant Valley Wine Co
Pneumatic Scale
58 ft
1
10
Mining Co
25c
Alexander
common
Corp of Canada
common
•
1st preferred
;
100
Lambert Co
4.48%
Convertible
Standard
Jan
87
Jan
5
37
common
.—2.50.
Metals of
America—
Producers Corp of Nevada—
7ft
•
100
1%
1.
class B__.
1,000
11%
1
1,900
6%
9ft
18ft
Feb
Feb
May
14% May
Sep
Btarrett
95ft
3
Jun
9%
Sep
Feb
Aug
35 ft
Jan
May
Sep
25
$5
Light—
preferred—
Puget Sound Pulp & Timber
Corp
6ft
Feb
Feb
94ft Jan
99ft Jun
Feb
90
142
9ft Feb
28ft
28%
2
1%
11% May
25 V4
Feb
30
Aug
lft Jan
iy8 Mar
1,900
2
1,400
—
116ft
*
~6%
1
——
7
3
/May
".
1
2%
2%
200
3%
1,100
70%
"
-
70 ft
Feb
"•
->
Raytheon Manufacturing
footnotes
10
1
52 ft
Feb
70 ft
Sep
26 ft
100
22
Feb
27 y4
Jun
19 y2
100
15.ft Mar
30
;
Aug
8%
Jan
300
ft
Feb
2y4
Jan
5%
Jan
"lft; ~l3a
7.: 5%-'
5%
—*
13 Va.
Stroock
(S)
to Co
——-——5
6
13 ft
page
35,
7% May
15ft Jun
100
13
300
1
Feb
13ft
Sep
200
15
Jun
20ft
300
July
Aug
Jan
Sun Ray Drug common
Feb
Superior Portland Cement, Inc
8%
Corp
91ft
340
142
143 ft
90
Mar
x96
27ft
Jan
35 y4
Jan
152
—~
Z--J
•
34
25c
Co
15%. 15%
X34; v 134y».
7
lft;
5ft
14 ft xl5
1
500
2%
;,
Mar
1% Feb
10
%. Feb
,
15 ft
3ft May
20% Jun
1% May
27%*
27%
Jun
•
31
Jan
23 ft*
30 ft
Mar
37
-Jun
*
23
...Z~77-1300
Feb
Aug
10
77 2,900
Sep
ft May
3% "Jus
lift Apr
Feb
10y4
Jan
"Jan
17
2% Mar
1,800
15
•
29 %
29 Vs
*
12%
13
Inc
common
Texas Power & Light
Thew Shovel Co new
7%
—
pfd—:
'
5%
Jun
Feb
55 '
9ft
Mar
Jun
Tilo Roofing Inc
Tishman Realty
17 ft
17%
5
16%
18
12
7
11ft Jan
118y4 July
17ft Sep
-
200
1,100
12%
600
.
16
:
'
12
Construction— -_1
Tivoli Brewing Co.——
Tobacco to Allied Stocks
i
t
-
~7
f
V
600
•<
•
26ft July
u'-
Jan
124
/19ft
21
Sep
Jun
15
'Jan
- May
18% May
7% Apr
Feb
49 y* Mar
Tobacco Security Trust -Co Ltd-4
7"
Amer dep rets ord regis
£1
Amer derr rcts-def-^reghr:—rimzrJr
.'64
May
.
.
19 ft Mar
7
May
May
r Jan
Feb
5%
,7
31
16
j
ll7/« Mar
r7
—I
*
712
28 y* May
100
-1
:
to
100
1,400
5
common.
Thor Corporation common——
14ft Mar-
7ft
'7
Apr
13% Mar
Jan
July
79
ism/
~6~%:
7
~~
•
Corp
■
lft'Apr
15ft
Jun
140 ft Aug
Oil
1
•
common—
30
14
Sunbeam
1
1
Jan
90
>■
->,22%".
see
23 y8 July
1,200
7
Tya
1
July
1
5
6ft Jan
26ft
25 %
1
lift July
6% Mar
62
common
Head Holler Bit Co;
For
-
3% May
-
719 ft
•
-1
Technicolor
warrant*.
2% May
115
July
8% May
5 y4 Apr
6V4 Aug
3% Aug
2ft Feb
3ft Sep
1,000
3 Va
""3%
102
30
700
3%
1
Co common—
111
6%
-
1
Taggart Corp common.
Tampa Electric Co common—:—
Voting commonRailway to Utility Investment A'
Rath Packing Co common—Raymond Concrete Pile common.^
$3 convertible preferred
Aug
17 ft Mar
28%
1
com
90
/12
Aadlo-Kelth-Orpheum- option
Railway- Js-Light Securities—
lft May
26 y*
-
26
10
Power Co
7ft May
13
Sep
3"ft Jun
19% Feb
1
10
75
99
Feb
Jun
4ft Jan
2ft Mar
20
A.
200
—5
preferred
t
Jan
10 ft July
8ft Feb
19% Mar "
1
common
.
Swan Finch
Quebf
July
25 ft
1
1
300
com
comraon.
Apr
29 y4
29 Ve
Feb
5
10
(Hugo) Corp,.
Stop to Shop Inc
Superior Tool to Die
Quaker Oats
28 y»
•)
48ft
2.78
Corp
Stlnnes
•
Pyle-Natlonal Co common
Pyrene Manufacturing
41 y4 May
*
YVvv'r..
.25:
••
prior
'Jun
31% Feb
22% May
4% Jan
4 ft ft
Puget
47
'
Mar
3%
class B
Stetson (J B)
Service
of Colorado—
.cumulative
preferred—-4—100
Sound Power to
26
July
10% May
6ft July
33ft Jan
,
•
Sterling Aluminum Products
Sterling Brewers Inc
{Sterling Engine Co
Sterling Inc
May
Jun
4ft
x41ft
26
Steel Co of Canada
Stein (A) & Co common
44ft May
8% Apr
16
May
11
8ft
500
.
27%
preferred
(The)
5
4y« May
Feb
36
$7 preferred
Standard Products Co,
Standard-Thomson Corp.,
Standard Tube class B
Jun
Mar
•
4ft
41
7ft
3ft
—XQ
OH
Common
6ft Apr.
15
lft Jan
9
Providence Gas
Feb
•' \9ft-
;
—
Forgings Corp
(Ky)
Standard Power & Light
Jan
29"% Aug
14 ft Mar
x3% Feb
,9
1
$1.60 convertible preferred
Standard
Apr
Feb
Edison—
Standard
July
Mar
July
8ft
1
—
Dredging
Jan
37% Aug
>
8% May
270
May
2% Mar
preference—1—
conv
May
25%
>
1
1
Standard Brewing Co
Standard Cap & Seal common
July
/
.•
Southland
Feb
41
>
3
12.50
4.32% cum preferred
Southern Pipe Line
•
Pressed
Public
13ft
73
Jan
225 >
—
Mar
21
7-7 11 - Mar
9ft Mar
California
.<
6% Mar
50
77 5% original preferred
r
;4.88% cum preferred.,——,—
4.56% conv preference
i—
Jun
Feb
3ft
2.50
Oil common,,
Btahl-Meyer Inc,
4
4ft Mar
13 ft Sep <*
,
common—'
2,600
Royalty Co
Spencer Shoe Corp—
8% Jan
2,200
8ft
Jun
11%
-7':
Corp common
Penn
Southwest Pa Pipe Line,.
211 Mar
37 ft July
270
50
Coast
South
19ft
Feb
1,300
1
7%
233 ft 234
14 V«
Sep
88ft Mar
8outh
lift Jun
9ft Jan
Aug
1,800
1
35
:
Manufacturing Co.—,—
Boontone Corp
Boss Manufacturing common.,,
Southern
108ft Apr
22 ft May
17ft Jan
\ fs'-r >y *
$3 convertible preferred-——
Solar
;
Jun
Sep
Jan
•
Solar Aircraft Cd——-—--I
Jan
6
Feb
shares
Jan
•ft Jan
70
July
11% May
8% Jan
6ft Fab
22
,
July
76
6ft
——
Publication*—.
Smith (Howard) Paper-Mills,—.
Aug
§4ft
Feb
100
common
"
common
1771.90 % preferred-—,—
* Jun.
'
9ft Mar
3ft Mar
4,800
9%
/
Aug
4%. Feb
•
800
7ft
:, 7ft
Apr
300
.
Ltd
Breweries
Amer dep rets ord regia——
Sioux City Gas to Elec Co—
~
Jun
26ft May
7ft July
6ft Jan
4ft Jun
108ft Jun
6% May
!
-Feb
5ft
44ft
4ft
9%
*
.
23ft Jan
5% Mar
.
—
4ft
'
■
;
4
49
Aug
103ft
...
7 "58 ft
—
;
113
■
42 ft Mat
400
43ft
-4
58 ft
•
—
Inc
,
I
24% May
Fab
-2ft
'5
--
Oft;.
4 ft
V;.
2
..
.500
Pittsburgh Bess to Lake Erie RR
Pittsburgh to Lake Erie
Pittsburgh Metallurgical common
Prosperity Co
1
•
Amer
Prentice-Hall
'
.2.50
common.
common
Pioneer Gold Mines
Ltd—;
&
Oft
4Va
'
103
2.50
..20
Piper Aircraft Corp
Pltney-Bowes Inc
6ft
4ft
iiJ* * ^43ft
Pierce Governor common
Plnchin Johnson Ltd
Pratt
'
.100
.100
—
Pharls Tire & Rubber
7 6ft
•'
.2
pfd—
3
;
i
v
■.
'
common
Power Co—
80
Jun
17
18%- Apr
12 V* Mar
11% Apr
Simplicity Pattern common—
May
May
20%
104
Singer Manufacturing Co—
Singer Manufacturing Co Ltd—
14 ft Aug
17% Feb
150-;
.
Pep "Boys (The)
Pepperell Mfg Co
Perfect Circle Corp
&
11
.
•.
4
Feb
60%
common
Slmmons-Boardman
19ft Sep
31
/ 15% May
12ft Feb
Corp of America class A
Blck's
3% Aug
Feb
ft May
13
May
Feb
16
preferred
Sllex Co
33 ft Jun
23
•80
;
•hoe
Apr
.11//Mar/7
.
2,900
common —-—I*
Penn Power &
Light 4 ft ft
Penn Traffic Co
Polaris
^
2
Penn Gas to Elec class A
Powdrell
•
ml mmmm rnmmmm
Pennroad Corp common
Penn-Dixle Cement
warrants—-—
Power
300
d—
w
$1 cumulative
preferred
Philadelphia Co
Phillips Packing
-
to Reel
Peninsular, Telephone.
Penft Water to
175
150
Jun
1
2ft Feb
Shawinigan Water to Power
25% July
,
10% Sep
—1
5
Plymouth
Patican Co
sh—
Corp——,
Co
Parkersburg Rig
Patchogue
Amer
:..:.237, Mar.:.v::i
7''23ftvFeb:,».*••'.2% Sep
,
30,300
Jan
4
Feb'
i-
32% July
105% Jun
97
July
17ft Sep
101. Feb:-7.
i79I7---'Jaui7'7
common-—
v t c—-----
Pantapec Oil (CA)
Paramount Motors
Parker Pen
36
..
5ft
% Mar
10ft Mar
13
Jun
85
87% Jun
May
1%
Bhattuck Denn Mining
10ft May
Jun
Feb
75ft Mar
Jan
25", Aug
713
May
7ft Fsb
24% Jan
4% May
27% Jun
1% Mar
1,050
150
Jun
19% Jun
2% Jan
Sep
7,400
24
■'
3ft Jun
1% Sep
Safety Control
Berrick Corp class B
Seton Leather common
Jun
17 ft
19% Jun
3
Corp
Radio
Sentinel
9% Aug
Jan
34
1% Mar"
16 ft Aug
Sentry
July
; 3ft Jan
Feb
:
Inc
B)
Feb
Feb
10 ft
common
Industries Inc common
stock
(R
Jan
3ft Jun
3ft Apr
4ft May
3
Co——
Shoe
12ft
2ft Mar
Inc
Bros
9% Aug
23% Aug
Sep
Sep
27
—
$5.50 prior stock
Allotment certificates
Jan
39%
29/ Mar
Pancoastal Oil (CA)
Apr
Jan
1% Mar
2ft Mar
Segal Lock to Hardware
4%
preferred'—;
Pacific Power to
Light '5% pfd-
Apr
8ft
9ft Sep
■herwin-Williams of Canada
Lighting $5
Jun
7%
:
11%
7%
Corp common-
Sherwin-Williams
Pacific
Jan
Sep
22
Sheller Mfg Co
Pacific Can Co
common—,,*—
Pacific Gas to Elec 6% 1st
pfd_.
5ft %
1st preferred
17% July
11%
4% Mar
l—l
(new)
Steel
Jun
109ft
14K July
300
-
Jan
30Vs Feb,
-
21
Jan
/Jan
10
1
Manufacturing
lft May
101'A Aug
7,600
—
21
33
70
1,000
9%
1
O'okiep Copper Co Ltd Amer shares
IK Feb
-150
36
Sep
Corp Ltd new common
pfd
conv
Scullin
12ft Jan
1,600
103 ft
35 ft
42ft July
11% Apr
14ft
-1.25
Convertible
43 ft
.03
15
Jan
Jan
6%
Securities Corp General
13 ft May
If
l3/4
Jun
5ft
Feb
3% Aug
Co
Petroleum
Scovlll
Sep
7
1%
13%
9ft
Savoy Oil Inc (Del)
Sayre to Fisher Brick Co_—
Schulte
(D A) Inc common
Jan
44%
1st
Samson United
3% Mar
97ft Sep
Jan
97
34ft
•
Selby
Brass
Apr
Salt Dome Oil Co
Selected
Ohio
37 y4
17
Co Ltd--
St Lawrence
-7
Jun
May
21% May
2% Aug
——80fl
Mar
,—
Ryer*on to Haynes common
7% May
48ft Jun
1
Ogden Corp common——
Mar
23
Jun
20
Mar
15
25
93
1% May
1
Northrop Aircraft Inc
NovadeNAgene Corp
May'
July
12ft May
Feb
2
—50
common
Ryan Aeronautical
Ryan Consolidated
'
Northern Indiana Pub Serv 5 hr
pfd-100
2%
86
Inc—2
Russek* Fifth Ave common
May
6% Feb
—5
-
Co
1% Jan
-
40
11% July
;■
33 ft Mar
•
Corp
Field
Royallte Oil
Jan
33
—*
500
Rotary Electric Steel Co
Rowe (The) Corp common
Jun
% Mar
•
common
>.
1
200
North Amer Light to Power common—1
North
117
'
pfd F—
dep rets for ord reg
Cable
Roosevelt
May
105
Apr
2,600
Corp class B——5
Mines
Feb
__
X92ft
80
B
t c—
v
Pendleton Inc common-
&
Amer
May
12ft
optional warrants
Niagara Share Corp class B com——5
Niles-Bement-Pond
——*
.
32
Sep
Royce Ltd—
Rome
Corp—
Niagara Hudson Power
5%
Mar
30 ft
10
Shipbuilding
Class
Feb
9
Rolls
2ft Jun
88
July
10ft Jan
Feb
10
Founders shares
5%
75
•
common
N
lft
*
common
Co
N
."
Jan
77/i
.«
'7 26 V2 Jun
24% Mar
Gas Co—
Rochester Gas to Elec 4%
Roeser
'
Feo
6% Jan
5%.
3'ft
3%
-
——
*
High
Higi
%><■
Sep
1,400
Grande Valley
YV-/
37/»
37/s Mar
IV2
lft
7
500 '
};'•
Dry Goods
Richmond Radiator
Rio
"
for Week
<
High
'
4
i'/a
Co—
Reliance Electric & Engineering—
Rels
17% Aug
13 ft
3ft
4ft % convertible preferred—.
New Jersey Zinc—.
New Mexico to Arizona Land
Regal Shoe Co
13 ft
Sales
Ranee
ef Prices
Low
3ft Jun
Apr
Jan
6%
90
Co_
8 ft
10ft
Cft
New England Tel to TelNew Haven Clock & Watch
;
11
Week's
Last
Exchange
Curb
High
Low
2 ft Mar
2ft;
11
York
New
Range Sines January 1
•:»
High
2ft
Nelson
Shares
Sals Fries
STOCKS—
for Week
sf Prices
Loto
Friday
Sales
Range
v
•ale Pries
EXCHANGE
CURB
WEEK ENDED SEPTEMBER 17
-
.
•
5% Aug
% Aug
■
.'.7 Va Aug
c ";
1%
Jan-'.
Volume
Number 4735.
168
"
;
,
..'
vNEW
;
-'""7
7..
Week's
Last
7'<;
Todd
Shipyard Corp common....
Toklan
Royalty
57
>
•
High
200"
58
-
IV"
1 %
—
4%
4%;:
3'/a
3 "A
2-3/4:
•57
Toledo Edison 41/«%
pfd
Tonopah Mining of 'Nevada
Trans
Lnx
Tri-Continental
Trunz
warrants—_
Inc.
1,500
convertible
9%
Ercole
Marelli
31
July
4 s/8
Sep
A6%s
9% Mar
;
10c
Unexcelled
Chemical
Union
Gas
of
Union
Investment Co
Corp
Elec
Mfg
1
Co—
<
•
5s
stamped
...
Mountain
/.United
Elastic
:
,
Products
Preferred
8Vc
6.
Apr
series
88 Va
Sep
10%
..United
■'
;>v;
20 3/8
20
v-
> 20 Vb
.10
6,300
•
VB
.
77
:
with
7 400
V 50
iv
7%
75/a
56%.
1
Feb
■"
Aug
58'/a
'
•
2%
new
■V
v.'
.:
■734
15'A
7
100% 100%
100%
100'/a
102%
1970
M-N
103% 103%
-103 y.
106'A
J-D
125
27%
17%
25
26
17
F-A
125
29
17%
283A-
16%
28%
17%
28
17%
28
1958
250
v-
coupon)
1941
coupon)—.
1952
ctfs
escrow
7%
70%
1
600
•
r
Feb
,7
;-
-;-r
•
1947
coup<m—V—.1952
73A Sep
38%" 39%
300
83/b
>•"•
feb
38'A
J-J
1107% 109
Corp deb 4%s
1958
Valley
4%
''
t
a
24%
2%v >,,'7 2%
21%:
•
77"
24%
7
2%
«
7
>•
1981
1,700
21 3A
-
600
3'As
.V-.
Piedmont
Hydro-Electric
A6%s with Oct 1
.
i
A6%a
1
Oct
ex
6%
50-year
3%
Queens
•
10
July
7'/4
53/4 Feb
10'A
Jun
3%
4
1% Mar
5Vt
Jun
1
mtge 3s
California
Utilities
Texas
$6
July
8% Mar
3V4
23/4 Mar
5 Vb
5V4
2% Mar
1%
2% May
•
Westmoreland Coal
W
4/-—- C'-;V
V
10
(Wm)
Co
&i
Williams
Wlllson
6%
(R
C)
&
Brothers
1
Co
preferred
Winnipeg Elec
w
w_
Woodall
industries
,
(P W)
•
pfd
%'
Inc...
20
9
5
' iyr
102%
..2
23'A
17
95
18
preference
__J
.
v
7
7
(Hugo)
3rd
3'As
(Calif)
300
19
*•
10% Mar
13
£1
r2 VB:
•
BONDS
1%
1
to
05^
Last
Period
1970
Associated
1953
4%s
Assoc Tel Si Tel deb 5%s A
Atlantic City Electric 3V4S
1,300
Sale Price
(Hugo)
2nd
or
■
Rang*
Friday's
Bid A Asked
F-A
M-N
A-O
1117
A-O
; 167
74
1946
J-J
1946
A-O
"2%
Mar
Bonds
Low
No.
61
102% 102%
7-7 >-6
20
102%
96-
99%
1105% 106%:
jr-D
;
1998
:
Q-F
1155:
'
J-D
99
109
v
109
,
7.
103 V»
77 > ? 5
f
J-J
91%
1954
M-8
94%
1968
M-8
V>
<
V91
94 %
108
1977
J-J
Dec
of N J
4s
Consol Gas El Lt & Pwr (Bait)
1st ref mtge 3s ser P
833/4
1969
debs
J-D
1976
.
1981
..1982
1954
25'A
1st mtge 4s
V
ser
19
26
1101%
A
103 %
Co—
27%
18
82%
72
86
1106% 107 %
106
108
Al07% 107%
102'A
108%
111,.
1^0
debs
Penn
Traction
5s
f debentures
1119
1960
-
Newspaper. Union—
conv 1
82
1954
5s
'
.
•
119Va
>
1100% 103
.J....1958,
98%;(ib3%
■.■■'}
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Exchange
Curb
Interest
Period
-
29
r
81
95
82%
External
7:
5s
ALlma
City
Interest
(Peru)
AMedellin
reduced
Is
A7s
J-D
'
F-A
1927)
v
2%
2013
6%s
1919
J-D
M-S
1921
J-J
88 V4
ARussian
83%
A5%s
31
39%
68
84
68
78
73
.
6%
_
8
1
13
27
132 h
35
19
..
,
124
—
>
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121/8
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78%
168
.
,
;
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61 Va
61'/a
--
,
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—
94
31
30
39%
42%
42
44
64,«
>
81
f-
1947.
1947
1931
1972
2008
>81%
--
M-N
(Republic of)—
2%s (ser ABCDE)
Rio de Janeiro stamped (Plan A)
is to
Interest
Low
142—
142
—
--
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—
i"
I25,,
"
—
160%
65
;
(Plan A)
Interest reduced to 2%s
107 V*
;
M-N
Peru
105 V4
t!0
>
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Mortgage Bank of Denmark 5s
99%
—
-
'
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;
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stamped
stamped
- -
—
a
2%s__.
>■
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M-N
6%s stamped.1958
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No.
?
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-.
5
1952
AMortgage Bank of Chile 6s
r
J-J
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162
—
162
v—
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>'/
/
(Plan A)
to
Mortgage Bank of Bogota—
A7s (issue of May 1927)
97
103
Range Since
January 1
Bonds
6old
High
*
A-O
—1953
Maranhao stamped
106
105%
or Friday's
Bid A Asked
Low
-—1985
5 %S
Danzig Port & Waterways—
AExternal 6%» stamped
102%
104
Week's Rang*
Last
SaloFrloe
J
111
98 Vb
>
'
168
J-J
V,
A-O.
M-M
—
1103% 104%
>
V tS8
—
..
.:
104 Vt
tJ97%
102
98%
98%
101V4 104 V4
106»/4
97 Vb
*
101
97
to
Government
...
•No par value,
100 «4
1112
103'A
*
•
»
:
—
.
^26
28
73
^
—
14%
'
14% /^,14%
V
133A
15%
18
24
'
2 A
>
121
/' 2 A
24
2 /a
33
2%
3%
2'A
2'A
2'A
15
2%
3%
■
■
'
A-0
..
111%
Odd-lot
--
115
bid
Abbreviations
ftf-R
1993
May
62 «/4
55%
65
29%
46 V«
Deferred delivery transaction (not Included in year's rap$e)*
dffir-lnterest.
(not included in year's range),
f Ex-distribution,
g Ex-stock, dit\
b sx-
and asked prices;
^ A Bonds being traded flat.
'*
IReported In receivership.
tFriday's
.
1993
a
transaction
principal.
n Under-the-rule transaction
(not included In
(not included in year's range). x Ex-dividend,
y Ex-rights.
109 V
Division—
A 1st mtge 4s ser B
38
101'A
—
2030
107% '
Delaware Lack St Western RR—
J
22%
22%
J-D
BONDS:
City)—
Gen mtge 4%s
N
75
28
—
:
1st ref mtge 2%s ser Q
V* 1st ref 23/4S series R
of
122%
112
1949
1
Electric
83%
;
/
Foreign Governments & Municipalities
106%
103 Vt 104 V4
103%
120
63
•'
A
103%
106% 106%
a-O
jf-Q
Registered
Lackawanna
;
1947 coupon—.1953
1
Income
Western
High
109
-
92
105 J/4 105 Va
104
114%
1964
May
159
..
99% 7.
105
96 '/a
Industries—u '
Penn
Parana
1948
Debenture 3s
(Bait
.
100'A
1104
1956
C 6s
V
__Jan
Gas
if.
•
•
1956
West
Range Since
January 1
Bold
7100'A 100%
1970
1969
Consolidated
;
99
Corp—
Electric Service
External
100'/4
6s
..1958
conv
99
101
98
>121
1961
16
1102'A 104
A 5s
'""777^'M7;;
Debenture 5s
2%s
98%
1950
trust.
Electric Co
Jan
j-j
ftf-N
Debenture 5s
^
High
3/4 104'A
2%s
5s
;
J-J
Jan
9 Vb
,
ICentral States Electric Corp—
ABs (20% redeemed).
;
A5Vas (20% redeemed)
Cities Service
105 Mi
3
Jan
714
6% Aug
> 103
j-j
i960
Steel
1053/4
101%
104'A
102% 103'A
1970
3'As
stamped—
May
19 Mi
103
1964
5s series C
Edison
105'A
103 Va
1103
102 3,4
A-O
114
Jan
Feb
/-D
1955
Bell Telephone - of Canada—
Boston
101%
101%
Washington Water Power 3'As
Week's
Interest
Exchange
Appalachian Elec Power 3'/4S
Bethlehem
•97%
52
1989
Elec
&
5s
New York
Low
Electric
113%
2
102'/a 102%
—
ex
1
Friday
Curb
-1
100% 100%
113 3/4 113%
102%
J-J
..1970
stamped
24% July
600
//-A:
%;
101-
102'/a July
10%
.
103
100
12% Mar ,7-7
Feb
18
--
160
7% May
Jan
10%
—
98
199 Vi
A-O
Agricultural Mortgage Bank (Col)—
A20-year 7s
April 1948'
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948 Danish Cons Municipal Loan—
York
i
_■
Friday
5a
Wright Hargreaves Ltd
New
6
-
Ltd—
American deposit receipts
-
Jun
Jan
'
34
May
11%
Sep
58
156'/a
19
99% 100
...
11
Feb
200
>7/
>
19
-
l£3/4 gan
24%
33A Feb
17%
10%
1
23%
993A 102%'
7'."
Feb
8
100
\i1'."^,^'/ '7714
7-'7
Sejf%.;* ;'
10
150
y
-7 v.7:
—
5
6%
106
West
18%, Jan
'
17% Mar
400
8
Jijl'
ji-].
AjLO,:,
5
103.
-
156% 157
M-8
1940 coupon
1947 coupon
Waldorf-Astoria Hotel—
40 Va July
Mar ; jun#:..;,; 7 25'/a Jan
•
112-
M-8
1965
A7s
29 Mi July
>
X14 'A Sep
.
"A"
-25'A '25%
..
92%
103% 1053/,
r3
99%
M-N
1951
A7s with Dec 1
May
300
8
•7
*
j.'.
82%
v
156%
J-J
A-O
3s
Corp Inc 5s
A 6%s ex Aug
United
May
Apr
161
t
1,000
21%
9
100
'
8%
10
21%
2ft
...
common
Woodley Petroleum.
Woolworth
200
10
1
Wisconsin Pwr & Lt 4%%
'
21%
•
1
115%
Feb
,337
21V+7: t/ioo
xl4
,
10J
5
common
10
Jan
6% Mar
:
>
Hydro-Electric Co—
United
Apr
112
25% Mar
2i'A
.......10
Inc
Products
Wilson
6%
Feb
V
Jan
13
140
-r-...
7 40
.
C;
X14
Wichita'River Oil Corp....
Wickes (The) Corp
900
>*&
'
•
—
153
V.V
Weyenberg Shoe Mfg.—
Whitman
7%
Apr
'
152
20
Westmoreland Inc
7%
7%
'|;r
'
108
103'A'
«
92%
VK 104% 104%
A6%8 with Aug 1 1940 coupon__1953
7% July
1%
1.25
Gas
Gas
Gas
collateral
Ternl
Jan
9%
1%
preferred.
''.tit/' ,
191'A
1971
(A G)
A7-4s
23%
1%
1%
107 VB
104
100
1
1104'A 105'A
1
1998
1st mtge 3s
AStarrett
Feb
2%
V
■
v',
-J>:
1973
Counties
Southwestern
110%
9%
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
•
.
106
"t
101'A
104%
11% July
Feb
1%:,
!
Manufacturing
West
>:
d-J
;
Edison
California
Spalding
15% May
1
Ward Baking Co warrants
Warner Aircraft Corpj*.-.-
Wentworth
6
107% 107 Va
107%
10%
■■
y
,
"J-D
...1952
inc
3% May
10%
104
2
2l
105%
.
v/ 101:/ lot'-'-v^
;">>•■ ;.'(P
*
Lt & Pow 6s B.J—1952
;,
•
106
•,>
....
Southern
Jan
30
...
...
101
105
1960
coupon
debs
Steel
Stinnes
•
V..;
Safe Harbor Water Power Corp 3s. 1981
Jan
7%
Wagner Baking voting trust ctfa ext.*
7%
preferred
100
67
102 3A
Jan
98
12 V4 July
-,k
<>(tt
2
-
Borough Gas & Electric—
A7-4s
Co
105 %
Co—••>• ■••£-•
coupon—1960
1940
1947
1
6%s series A
22% May ;
Sep
6%
71^
103 3/a*
/.
58
iio5'%
V
,
A-O
—.1970
—
Southern
6%
1013/e
'
105% >'■'
1101% 104 ;f\'«;
;
»
J-D
A-O
i_.^r_1871
^
San Joaquin
6%
-
■
Jan
77
109'/4
•>
If+mz •> -'"103 Va 103 %
.<
May
29
19% Mar
'
104%
107
103% 103%:
M-Jf
•••
Lexington 1st mtge Ss__.*__ 1964
Pennsylvania Water St Power 3V4Si.1984
Sep
7 22
«
.7;
23'/a Aug
-,:2% Feb
•
Waitt 81 Bond Inc
C:
*
25
104Va
64
<: jr-s
-
28 %
17
15%
-
...
■■
Park
777.45July
' ,
19% Mar
100
17'/a
A-O
to
'
—-
75
-
»
103%
F-A
■
New-England Power 3 'As
Jan
1
,
17'/a
•
RR—
20
M8--
3%s_._.-—1968
N Y St Westchester Ltg.-4s—..2004
Ohio Power 1st mtge SVis.a..
1968
3% May;
20c
Waco Aircraft Co.—
112
-
Jun
7-'.3'7
.
v
Jan
3%
r-
55'A
29
St Light
-May.
lVs Apr
1
1103
Public Service Elec & Gas Co—
■£■&*
125'
1952
i—....._1963
Milwaukee-Gas & Light 4%s__—;.1967:
'19«A May
6% May
.
200 7 :;..»2'A Jan
ft
Petroleum.
preferred
28%
28'/a
•
;
1940 coupon
!
73"
"<2'A
'
J-D
v;Extended at
Jan
2
7.7
:
Feb
'"777/ .7'"*:
J-J
1
■
(I
July
V 10%
Feb
/
;
1968
Midland
V,. /, 413/4 Jan
V 13
July
2'A Mar.
11%
V 1%
7
f 2,300
23A
I
common
Watch
p
29
3Vas
Stlnnes
cum
29
125
J-J
5s
$2
27%
"
125
Kansas Power
77777777 7/;7
■
convertible preferred
Waltham
]•**)
1952
Kansas Electric Power
>62% Apr.
.
Sep
.
1,500 7
-v;-
7%-
10
Venezuela Syndicate Inc
Vogt Manufacturing
*
.-124
1957
1941
3 Vb3 series A
Venezuelan
103%
,
Bcullin
$4
102 Va
103%
1100% 101%
F
Nov
ex
Southern
Valspar Corp
100%
102'%
A-O
Jan
Aug
38
1,400
;>
4'A
77 2%
,7
10
.j/: 777:
t
59
Altalian Superpower 6s_—^....>.1963
5% May
62%. Jun
<
''
ifu
com.a.10
common
25%
% Sep
30
29A7
? A
•
1
60o
v.
1,725
V
39
14'A
14'A,.;
4/:- »*. -47;
.,
.
•
31
A-O
coup).
1st mtge 3s
Utah-Idaho
Sugar
5 >7
Utah Power & .Light common-,.;, r:—*
■
50
157
Hydro-Electric Co—
,Va 7s
Jan
8'A Feb
7 i
1 7
Insurances
30
Sep
15
,
warrants....*
com
Universal Products Co
J-J
—1958
1941
1
143
102', a 102 Vb
1102% 103%
102'/a
J-D
1957
(July
ADebenture
Isarco
,
245,. Jan
^
77777,.:>7>
77 77
Feb
17%
r
—'..'V;;
,
38
.1
7 77
112
1949
C._
(Aug
series
A7s
McCord
28 V V 57 V.
common
Corp
103%
110
Sec—
Power
(Dec
j;;-./A7s with Nov
36 Va May
7 203/4 July
:: 22% July
Sep
16
-
Jun
.
7> % May
ft Mi May
25 i..J
Stores
J-J
series E
A7s
'•*•••
7:77
25c '
com
Universal Consolidated Oil
,
30,-
900'•
.>._^.__100.
Machinery .common.
preferred
Universal
19%
70
-
A Feb
v
77-
U S Radiator new common..,—1.
U S Rubber Reclaiming Co
.
19 VB
^ndltlonlngv€orpii4»^f.^l®$ 7*
1st
-
,
19 %
and International Securities
$5
4,500
V %.*
v7 ?V
24
.
U S Foil Co class B
S
Jan
5% July
.38% Mar
•
preferred
H 8; Ate
i
.
7
Ltd—><>7"
Specialities
High
97%
5
Jan 1949
—Jan
series
A6%3
A 7s
Jan
62 ■;
3% Jan
1,100
....
.United" Shoe
:7;70
4Va
•
.
10
;;,.;.7,1 Preferred...
United
4'/a
;.
• '•
_.
.
common
Sharing
973/4
56% Aug
4'A
•
V
United NJ RR & Canal
-
125
,
-
.50a
Amer dep rets ord regisr.
United Profit
A6V2S
V
A7s
*
Low
8
-
24%
M-8
1950
1958
B
International
6% July
>
;
,
com
Corp____._^.__
.United Molasses Co
..
;
3% Aug
6% Mar
100
common.
United Milk Products
-
Apr
Jan
800
500
100'A
112
Interstate Power Co—
United Gas Corp common
United Light St Railways
■\i:
6%
4 %
6%
January 1,
No.
?
33/4S——1963
Power
Indianapolis Power & Lt 3'As
Jun
3%
United Corp warrants
>;
23/4
1% July
100
112
'A
V
Range Since
Sold
High
-
L
1981
.
Green
6%
4
Union Oil Co of California—
Chemicals
900
■-
1953
coupon
Grand Trunk Western Ry 4s.
5
$3.75 pfd series A
Union Stock Yards of Omaha..
United
1%
Loto
-
1940 coupon—1953
1, 1947
Jan
•
Canada
United Aircraft
1%
M-a
Bonds
Bid & Asked
(
'100'A
J-J
1956 £
Jan
12
6s
Corp
Bale Price
1988
3%s
Hygrade Food 6s ser A
Realization
Last
FaHod
,•
Guantanamo & Western 6s
Ulen
Week'* Raaga
or Friday's
InterMl
Exchange
RR 5s
&
Nov
ex
"1
Finland Residential Mtge Bank
May
9
200
:
9%
Lt
:A6%s with Nov
Apr
4% May
500
"
,
Jun
1% May
6%
Aug
28
"4% ~5'A
com
preferred
Water
l3/4 Feb
,
Tung-Sol Lamp Works
80c
;
Fuel
&
Elmlra
Mar
4 Vb
Gas
Jun
993%
Jan
1
700
r 1,700
Eastern
July
5
Sep
92
Corp.......
Curb
.
66
Sep-'
2%
100
,
York
High
Low
2%
~"
7
Friday
New
Range Sttfee January l
35
17
BONDS
Shares
—
Corp
September
for Week
ef Prices
Low
EXCHANGE
CURB
week ended
for
(1171)
Sales
Range
Sale Friee
Exchange
Curb
YORK
range
-■
Friday
:
STOCKS—
York
New
T^IANCIAL CHRONICLE
COMMERCIAL &
THE
.
used
no
sales
year's range),
above—"cod." certificate* of deposit;
tlve; "conv," convertible; "M," mortgage; "n-v," non-voting
"w i" when issued; "w w," with warrants; "st w," without
r Transaction for caan
x
being transacted during
current week.
■■;'>,>>
"cons," conmUdated;
stock; v t c,
warrants.
"c^" <^mula-
voting trust certificates*
36
(1172)"
THE
.
COMMERCIAL
OTHER
&
FINANCIAL
STOCK
RANGE FOR
WEEK
of Prices
L
•
Par
Arundel Corporation
Baltimore
5%
Transit
1st
Low
—*
Co—"
preferred
t
v
&
Chrysler Corp
Range Since January 1
Low
fJ
15
410
im 16%
100
4%%
Lt
Elec
Gas
High
:
13% Jan
Pinance Co of Amer class A
Penn
Co
Power
&
217
-Lj———_25c
22
243
70c
75c
160
75c
6
107
310
Jan
Apr
45c
Aug
110%
Paper
Sep
Flour
July
22
Sep
20
*
/
Corp
Mills
of
Brewing
110% 110 %
5
110%
-■
•
100
89
Jan
92
44%
50
Feb
52%
July
__
A
Inc.
4s
50
—xy/5
%
50%
50%
53%
54
Gossard Co
Last
STOCKS—
54
13,100
(W H)
Lakes Dr
Unstamped
Stamped
Boston
&
6%
;/ 2,406
47%
49%
*k\lZ
145
30%
•
15
common
121% 122%
40%
115
41%
•
(G)
22%
23
42%
7%
*
15%
16.%
48
49%
100
5%
pld
43%
200
7%'
3
...
64%
-100
———100
100
20
adjustment
si
18%'
20
Electric
1
cemrai
hk
New England
15
Rexall
Drug
Shawmut
50
Union
100
90%
Hartford—100
&
.12%
—
2.50
System
54
13%
21%
54c
83
96
91
12%
94
com..
__
I
-25
Apr
14%
38c
Feb
85c
16%
Feb
22 %
6%
314
3%
Feb
1,500
6%
16%
300
16 y8
38%
38%
38%
51
52 />;;.
-k
preferred
—
Standafd
American
174
,
11% Mar
Car
■
35% Mar
3,325
48 Va
42
Feb
Pen
5%
common
prior
Louis
preferred
56%
58%
1,056
52 V2
Jun
62%
38
65
38
Sep
40%
85
38%
Feb
49 %
"27%
14
27%
28%
30'
Prod
Corp
Last
Sale Price
/V-'-;.Par
Admiral
Corp
Ball
;
Armour
$6
&
Co
Co
capital
j
..
•
;
j
|
_
Automatic
Avco
Washer
Mfg
Co
_.
1
.
1%
4
..
6 y8
Ccrp
:
— —
3
common
'
6%
—10
.2%
Borg
-.10
W)
...1
Corp
Brach & Sons (E J) capital
Burd Piston
Ring common
Burton-Dixie Corp.
Butler Bros common
Central
111
Secur
Convertible
>
Cent
ti
S
W
Chicago Corp
Convertible
f
—
—
12%
10%
15%
10 %
9%
Works
>
Jan
Oil
of
Container
Furniture
&
•
Tool
capital
43%
7%
Inc
Yates-Amer Mach
capital
I
34% May
42
12% May
34% July
250
11%
Mar
Feb
1,200
7%
400
6
200
25
Jan
20%
15% Feb
300
,
3%
400
x37 %
7%:
550
.50
200
11
•
11%
700
27% Mar
11
Aug
30
30
31 lA
900
30
100
18%' Jan,
-
-
35
May,
13
July
38% Jan
%
Sep
55%
55%
18
500
16
Feb
27%
.
28
'200
27
July
37
Jan
X46%
130
44
Mar
48
Jan
40%
400
39
Aug
Mar
42% July
83
July,
Feb
33% Jun,
•
40
40%
-
•
80%
27%
27%
»•'
80'%
•
100
68
28%
400
25 y8
100
15
10
\,2
IOV4
10%
13
-600
21 y2
-
"
10
Jan.
18% May
Feb
11% Jan
50
10% Mar
14.,'.; Jan
350
10%
,13
13
66% Jun
13% Mar
15
10
'
Jun.
9% Jan
52% Feb
•
46
•
Jun'
53
17
v
*,
3%
Feb
Jan
Aug.
May
14
Aug
15V4 Sep
11%
.
29
7
•
July'
Jun
8%
2% Mar
43%
7%
32
7% Mar
,
400
May
14%
Mar
-
34
17
;
13
25%
•
15%
;HT
commonu..
common......
Feb
Feb
-
2
...
common.:..'
Industries
,
27%
32
34
5
Bankshares
22.•% May"
35
July
Jan
30
50
21% Jan
Aug
.18%, Feh
•
—^..,^..25;,
common
60
24% May
10% Feb
43%
"\
•
5
com
1
(The)
13
,
.
Feb
May
-
26
■
...
25;
(
Corp
400
15%
n
*
stock
10
150
3%-
yr
new
•
50
19% v
Mdy
32%
!
20 y2 July
1,150
.
.10
,,
Sep
6% - Jaw
350
10%
—10
'.J
24
27%- 27%
1
common
Mach
Co
'
7% Mar
50
1,800
12%
7
25
common
-May
22% Apr
30%
20
common
*-*
Corp
35
-
12%
il
...2
Corp
Mar
19% Feb
T'
capital
common
Ind capital
26
37l/4. Jan;
600
1
Dredging
Jun
1
12% July
14% Jan,
Copper Mining
Corp
Columbia
Range Since January 1
700
7%
15%
Feb
9»/2
Feb
1,800
148
V-«„;
Jun
;
158%
(The)
Motors
16% May
30%
36%
30%
15
14%
14
13%
fit
10
Feb
38
Sep
18%
Mar
" Sep
Jun
Feb
19% May
14% Jun
6y8
Feb
10 V8
Jan
12% July
10%
,10%,
1
5
a
5% Mar
;
__
-4u 40%
1
May
Jun
W
■'
•
41
4%
12%
7%
•
•'
32% May
118% Aug
36%
•
1
Feb
Feb
14%
_j;
i
Laclede
4% May
9% Jun'
Feb
26%
14%
Farnsworth Television 8s Radio
General Electric Co.
Jun
500
12%
92% Mar
1
System Inc
36%
2% Mar
7% July
600
&
25
General Public Utility Corp
Graham-Paige Motors
15% Sep
-'12% May
Mar:
Gas
13%
36%
36%
*
new
Ry Co
Products
Continental
100
300
13%
100
CurtlS8-Wright
High
14% July
250
.
Ay.;
yy V:v
Steel common
Pacific
—
10
Bethlehem
Certain-teed
3%..
•
50
Steel
3%:
7%f
—
Radiator ts St San bom.
Canadian
50
,
Unlisted Stock*—
rJ
1%
1,600
100
1%
400
9%
91
1%
Sep
15
Sep
V"91
Feb
6%
6%
100
3%
100
6%
6%
400
3»/4 Aug
4%
16%
100
2
•.
6ya July
3%
10
15%
15 V2
100
12%
12%
250
50
3%
'
_50c
«..*
A
Pacific
page 44.
pfd.
com
16
16%
11%
12
50
100
1,000
300
Feb
17
Jan
Apr
13%
Sep
9%
50
13% May
Sep
Feb
62
600
3y2
1%.
•
Sep
100
Feb
12%
100
10%
Feb
10%
10%
5,300
8%
Feb
64%
1,000
9% Feb
40
i
4%
40%
800
.
31% Mar
12% Aug
3% Feb
4%
4%
100
5%
-
5%
500
•
10% July
42% May
14% July
Oil
Co
•
-
„
Co
'
4%
4%
8%
1,300
200
Feb
k
4% Feb
8%
Sep
18% Mar
aay,
:
12%
14% Mar
—
5
8%
Feb
5% Jan
Jj-
•
11%
12
32%
34
33
;
800
12
2,600
v
'
•
V
|i;
1,000
1
...
11%
Sep
42% July
x25y4
f-
8% May
21 Vz
Jun
18% July
Jan*
15%
5% May
-
11%
May
26% May
23%
Jan
45
" Jun
42
May
Feb
13
Jun
Feb
liy4 May
31% Jun
Feb
of America common...—«.*
11%
l
—
common
•
11%
'
'
;•
2%
7%
29
,
6
7%
200
29%
700
6
200
8
7%
23
Feb
6
Aug
7% July
•
Jan
2% May
15 y2 Jun
107/8 Aug
14% May
250
64%
Jun
66
Mar
300
32
Jan
38
Apr
41%
r
-
common..
200
1
,*
(The)
Jun
6
com
Inc
Republic Steel Corp
Rexall Drug Inc....
38
Feb
Pure
•
new
17
—
2%
Pictures Inc
Radio cmrp
65
26%
Peosi-Oola.
Pullman
16%
_i
4%
14% Mar
__
•
10
Airways Corp
"
Apr
40%
300
Amer
Paramount
Radio-Keith-Orpheum
15 '/s
5
...
Packard Motor Car
Jun ;
38
40%
Corp
Central RR capital
Co
American
Apr
40%
*
*
York
17%
.
97/8 Mar
1 %
Light
18 Va
12% Mar
16%
Jan
Gas
Nash-Kelvinator
New
North
Pan
15
3%
11%
i
4% Apr
VA May
20%
3%
11%
Jan
15% Aug
9% Aug
12%
10%
11%
class
52
May '
| Sep
% May
■-
8
Feb*;/
1%
■
1
preferred
see
—
•
;
common..
For footnotes
434 July
30%
1
common
Standard
American
Low
10
16%
1
common
common
common
&
May
38%
5
Lathe
>
32%
12%-
Woodall
'
91
52
12%
-.10
Biscuit
Chicago Electric Mfg
Chicago Rock Island
Feb
30
Feb
32%.Mar-*'
.
550
-
31%/;?
38%
24%
Bend
50T
50
31
12%
Alleghany Corp
American Air Lines, Inc
Shares
15
16
preferred
Util
Jun
15
4% May.
•
250
31%
24%
Wieboldt Stores
for Week
i
10
*
...
Corp
"
38'A.
*
33 %
Feo
'
Carr-Consolidated
'
64% May
14
.u
*.'
25
16%
3
Berghofl Brewing Corp.
Bliss 8s Laughlin Inc common
(George
22
.
29 V2
-
77/a
14
* ' *"
.!r.njt'-i1,
15% Jan
High
151% 152%
91
..
common
Manufacturing
Belden
" 12% Apr
,
10%
lll/z Jun-
.
"
9%
.
Mfg Co common.
Products Corp capital.
Athey
10%
152%
common.
prior preferred
Asbestos
'
Xl5
*
100
common—
Tel
15
1
common
&
8%
19
Westinghouse Electric 8s Mfg com__12%
Sales
Range
of Prices
Low
•
Bearing
Tel
7% Feb
7% Mar
48% Mar
24
-
..
*
common
13% Sep
%
490
Week's
Friday
American
I
10
South La Salle St Corp.:
____*
Union Carbide 8s Carb capital
(new;
•
U S Steel common
Chicago Stock Exchange
Aetna
29% May
V
•
v
28% May
>
20%. 21
•
Armco
Mfg
8»/4
20%.
•
Anaconda
(J D)
21%
7%
50
Atchison Topeko & Santa Fe
Adams
74% Jun
K
"-v/
Jun
13%
STOCKS—
27
24
208
Apr
44%
Jan
Sep
80
34%
7%
Apr
36' VB
Jan
100
29%
8%
---
,
.......25
Stockyards capital
Electric Co common
Trane Co
Jan
11%" July
Apr
.
300
.
Jan
34% Jun
21
22% Mar
100
4%
23 34 Mar
fit: gy4
10 V2
44 y4
150
26%
Jun
Aug
"
5
Nat
Thor
56%
13%
27--
27
25
common
Electric Switch class A.
Texas 'Co
58 Va May
May
19%
700
21%
20
common'..:.
.1
Jun
18% July
5
16% May
8% Fen
350
34%
common
Wisconsin
75
10%
10%
"
4%
_L__10
common..
Manufacturing
Sundstrand
Sep
11% May
6% Jan
Sep
100.
29
*
Sunbeam
Jan
:
14%* Sep
100
56 " " 56
7% Mar
16%
Jun
Sep
21
■
100
58
26%
29
common
Apr
2%
Feb
Feb
6
50
24
,
13%
♦
Bancorp
Storkline
May
43%
1.1112%
common.
Jun
28 y2
Jan
20%
500
10%
10
12
28 y« Sep-
1,850
10
i
Co
Standard
Jan
38%
...
Con?'
5%
13 %
'
10%
....•
Spiegel Inc
6% Aug
1% Aug
100
15%
5
......
May
10%
15%
25
_r
Inc.—;
Mar
1,016
10
Electric
12%
2,000
1%
57
300
.
9%
24
*
Swift
473
58
South
Apr
4,026
9%
vtc
common
Jun
July
10% July
'6
Sep
20
;u
9% FeD
100
10
Signode Steel Strap common.—J
Oil Corp
;
Society Brand Clothes common
Jun
14% Mar
1%
Aug
"
" •18% May
31/a Mar
\
200
15
,
*
Stone
45c
y-\'$
capital
Chemical
Sangamo
-Jan
19%
15%',
common..
Sears Roebuck 81 Co capital
Serrick Corp class B common
Aug.
Sep
7% Sep
!"
21
._
•
Sinclair
15
45c
■
wmmmnu*5
Machinery
Woetinghouse
Co
Manufacturing
,
69
Feb
41 % Mar
25c
11%
104
21
15-
common..,
St
Mai-
300
6
,
Feb
Sep
9
300
6
10
- -
18 y2
tl'yy*
300
28%
"
16
18%
^
«
•
Ino
preferred
Co.,
Waldorf
prior
Penn
60% July
300
51%
...
Rubber
S
,
29c
/KS
.10
Drill
Shoe
6%
U
Feb
17%
12%
/ Sep.V /
9% Mar
200
21
6
21
-
:
1.
■
Apr
17
—
United Fruit Co
United
4%
45c'
...
Association
Twist
&
Peabody Coal Co
39 % May
Jan
110
90
63
387» May
18% May
'
28%
•
Shellmar
31 %
;
Field
West Corp
& Hart Inc
Northwest
Sep
8%
10%
Mar
13
■1
16% Ju»y
50
3%
?
*
42% May
19%
2.50
....
Machine
Co
.10%
?■' 7
•
8
Feb
15
300
-
13%
21
1
common.*
new
•
North
Apr
26c
;i7%
1
20
19^44-Jan
*
Jan
13% July
6 y4 Feb
190
—
•:
7% Feb
2,050 "
10%
3y«
•
com
common
common
'
Co
Webster
42%
474
51
Co
National
46.36 Jun
Feb
3'/8
89
69
M
Jun
Jun
16% May
9% Jan
'.
...
Mar
28
50
t
Sep:
50% Mar
r; ■.
550
13--
13 -
-
7
Monroe
26%'Jan
■
Haven
Mining
Aug
28
407
14
5.;v;
Butte
Mining.
Pennsylvania RR
Folding
425
13%
Products
3%
10
/;23%/Jam;
38.90 Sep
31% Mar
200
57
10 %
1
Pennsylvania RR capital
19
9 *
51
System.
ii'
Corp
Montgomery Ward & Co
!___
Muskegon Motor Spec class A
79% May
93
17% Aug
1,824'
;v
33
8%'
3%
.
33 V4
64
•
17%
15 %
22%
10
Modine
593/a July
15
■■
110
/ Mar1'- -
8
300
20
common
Steel
&
Parker
Feb
26% Feb
69
*
Tel is Tel
New
13%
50'
l,200v
22%
Jun
49% Mar
AUO
W T,.T,—
North
Stone 8s
41
32
Assn—
Electric
11
•
11%
19%
common
$1
Jun
64%
Feb
180
.100
common
Lintoype
England
Reece
40'
" Jun
3%
"
13% Mar
•'7'/4
buO
32%
11
4
Mar
905
v:
43.97 42.91
"""".."25
Nash-Kelvinator
Quincy
mm**?
,40%
55%
Racing
75.3
-V1 Jo
,
:
500
17%
:
*
Miller
51% Aug
10
Aug
Sep
74% Sep
570
4%
National Service Cos
York
.'V-
t
preferred
Narragansett
New
57 ys.
n?r..;lV^r> ■*
—
Theatre..•
Mergenthaler
New
33%,
56%
Copper
Loew's Boston
5%
33
56%
Copper...
Kennecott
Maine
19%
33%
Safety Razor Co——_
Royale
Feb
27/»
415
•
stores
Capital Corp——...W-*
Gillette
Isle
28
60%
110
19%.
10L+- Jan
40
>
ADr
Feb
'•i/-: v
Apr
18
50
*
*
.
Jun
Jan
29% May
Sep
'2%
82
62%
1
Marshall
Feb
19%
13% Mar
100
74%
19%
65%
39
29% Mar
.
10
8>
.10
cap
common
July
31%
70
3
new
Libby McNeill & Llbby common
Lindsay Lt & Chem common.——
Jun
59
5% Mar
115
66
60%
.81
Steamship Lines Inc
Employers Group Assoc—
General
Corp
43% May
Sep
32
138
"
General
Werner
Leach
Ry—
Eastern
National
127
Mar
38% Feb
18% Aug
22
July
100
Feb
7%
100
7%
15>,
-.
1
common...
Oak
preferred B——
150 : l
850
10%
'
57
July
40% Jun
Feb
58%
A—
series
v :,
32%
Dk common
&
Co
Middle
100
6%
First
158%
36 % Mar
36%
18%
—
pld
Jun
58%
pfd stamped
Property Trust
Street
Mass
1st
Jun
39%
36
J.0
Common
52%
37% Aug
147% Mar
16%
Service
Eastern
High
44% Sep
55
58%
1st
rersonal
July
,
12%
61%
:—
Kimberly-Clark Corp
Low
155
RR—
class
25
14%
7%
;
8
•
Kellogg Switchboard
37%
100
prior preferred
Boston
High
—100
_.
7%
5,400
955'
-11
*
Brew
Railway—
Maine
>
3
Range Since January 1
45%
49
—25
——
C
Share*
151% 152%
100
—
—
7%
Cities
•
Herald Traveler Corp
Boston
152%
50
——
7%
12
common
International Harvester
37%
_
Albany RR
Elevated
Boston
Aug
*
Corp
Indiana
44%
100
Copper
Edison
Low
*
Tel,
for Week
of Prices
!l00
Woolen
A
8
14%
—
♦
10
common.
Illinois Brick Co capital
Independent Pneumatic Tool
Sales
Range
Sale Price
Amer Agricultural ChemicalAmerican Sugar Refining
Boston
23
34%
2%
95
•
preferred
Hammond Instrument Co
Week's
y.
Par
Boston
200
$6,000
Exchange
Friday
Anaconda
7%
Si
■
5
•
Corp
Safety Razor
Hein
Boston Stock
High
52%
■
26%
34%
Corp common
.—10
61%
Refrigerator Co common.'
~T " ' 10%
Hupp
American
8
Motors
Great
1975
...—
&
Low
100
28 T
'25%
v.
10
Harnischfeger
Tel
*
1%
Heileman
American
,26%
__
1
common—
*
Finance
Gillette
Jun
'
BONDS—
series A
—
5
class
Auto
v
General
Sep
Gibson
preferred
Fidelity 8s Guaranty
5s
10
common
America
Drive
(Peter)
1
3.60%
Co
Range Since January 1
■
58%
*
—*
Transit
-
26%
>
High
58%
28
(The)——'
Four-Wheel
Potomac Edison Co—
Baltimore
'
6ou>
y
__
common——25
Corp
Fox
,1.15 Jan
Co—
preferred
S
■'
*
112% July
Sep
z217
.
Credit
General
U
Shares
.
5
—
10
22
10
Oil
American
Water
$5
107
217
100
1
Humphreys Mfg
North
107
Sales
for Week
y
Dodge Manufacturing
f Doehler-Jarvis Corp
Eddy
-100
'
Range
of Prices
Jan
16%
100
Power
8s
preferred class B'L
■
(new)
(D) Co Inc
Commonwealth Edison
Domestic
Consolidated
■
Coleman
y
;
c
i
r/,Par
High
14
"
Week's
Last
Sale Price
.
"•
.
17
STOCKS—
Shares
"
Monday, September 20, 1948
f yy £ r"!.$: '%Friday '7'
y ;
tor Week
Last
Sale Price
SEPTEMBER
Sales
Range
Friday
STOCKS—
—
EXCHANGES
ENDED
Exchange
Week's
CHRONICLE
Sep
Schenley Distillers Corp—
Socony Vacuum Oil Co Inc
Standard Oil of N J
Standard
Steel
Studebaker Corp
Spring
common
;
1%
29% Aug
—15
18%
18%
18%
32% July-
74%
1
2,200
14%
Feb
23
74%
75Va
400
69%
Feb
91
141/4
25 >
14%
10o
11%
Feb
13%. May
16% Mar
<
Jun
Jun
1
Sunray Oil Corp
'••24%
23%
24%
500
1
'
United
12%
12%
500
9%
Feb
15% May
•
100
;v_..
2%
Feb
12%
Feb
3% May
17% May
Corp
12%
__
Wilson & Co
common
«.
3
3
29
Jun
Volume
THE
Number 4735
168
COMMERCIAL
&
FINANCIAL
OTHER STOCK
v:
RANGE FOE
v
WEEK
CHRONICLE
(1173)
37
EXCHANGES
ENDED
SEPTEMBER
>
17
Cincinnati Stock Exchange
Last
V;'/'
■
...
(
'
; '
f'M
;
Low
" '
30 y4
30 %/y-
,
•_/—XX J—-_v--8
—X'
—*
.
*'.
—
-..Beau. Brummell--,.—v—.—■/——1•
."Champion > Pa per. Sc., Fibre--——
;
Churhgold, Cor p:
——. —
_X*
Cincinnati/Advertising' Products-v-vj-S
'
-
tW>
l-r-'*--Vv V".
/,•
:-"~l
Cincinnati Gas & Elec
;
/"-■"•
AYc
preferred
,/Cinn
T
.♦
Pac
J'Ufr
X-;a •
,
Bell Tel——
Crosley Motors
,•
,
5%
;•
7
18.
.
10
:
28
29%.
94%
95
97 ./Y
97
97
.
•'"*
v
6
,
—50
Feb
.
7
«Sep
5
5%
■
7—V:-
'•-.*/'■?*
Jun
V
vV-i-
•
:
New York Curb Associate
Chicago Stock Exchange
.
:
f"v:/^:?:;:^/i^:'77;';'
*0
*
7
■'
*»'.*'
v'•
DETROIT
*'
Telephone: Eenlelph M30
1
May.-:7
•7ll
-6% May
81
29%
Jun
80
102 V2
Jun
98% May
; 10
.
6
.../i/
347
9%
55
8
9
5 "
675
76%
75
/
__
j
'K
•
,
Mar./
-
7;;-/7^::'-7 Ford Building
Apr-
May
26 'A
-
Detroit Stock Exchange
j
,
"•
75
———
Jan
19
Members
>' .;•••
■.
New York Stock Exchange
4 % May
•;
.14% Jan.
25
94 '/2
/
:'-5%, Apr",7;-.;
120
7
"5% -' .5%
Jan
<
;> 7; 32%
% Aug
* 3
t'-'v
High. 47
13
.•
65
.
;22%: 23%
-
,
Sep
29V4 Mar
25
18%
5%
7
—25
Cincinnati Street
Cine & Sub
•
r
18%
;
i,
Low'::;i\:'
8%
;."V.;294-;;
;/?'/: 211"
4
.
Watling, Lerchen & Co.
Range Since January 1
'.?* '-'Vkv
-X"•'• ••
conv^-s—20
Vw';* 'f$
•
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'
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for Week
Range
of Prices
.Sale Price.
STOCKS^-
'
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Week's
Friday,
/-V-v'//■'/,
1
.
14
%.
May
-73
:
8%
-
Mar,
6j/4
Apr
7 /
Apr'
STOCKS—
V
Sales
Range
for Week
Sale Price
/
el Prices
"■
•
Friday
/
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Jun
Week's
Last
„•
.,
Jan
10%
•
-
Jan
•.81
-.
—,
Range Since January 1
Shares
'
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s
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;
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Drug
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■
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7.
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1
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—
160
19%
22
25
19%
40
48
Aug
10
10%
74
7
•Jan
19%
187
.
16%
American
25% May
Apr
49%
T9%
•/
8 Vt Mar
Feb
22
10%
;
20%
48%
-v
X———.X—49% 5
—
Hatfield-Campbell' common—*..——*/''
Hobart -Mfg Co' eommon^i-^-^^i^lC
•
20%
.
24 Va
Jan
21 j
,
Detroit
July
—X_X
1__—
Kroger..
*
43%
44%
23
,ManigcbewiU/;••.w-7'Meteor";Motor Car
7—0
23
40%
Feb
Jan
26
10
10
100
10
65%
66%
746
'
Detroit
Sep
Steel
Detroit
Jun
'12% May
62% Feb
t
•:
•
Steel
-M35
21%
.1/ 150
6%
'4%
•/
prefeirted—X-i—X—,
8^
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65%
0
245
100
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1
215
245:
6% Jan
8
12% Aug
15
Jan
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7 6%»
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10
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13%
13%
20
56
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Gar Wood Industries-'
Sep
Jan
56
8
50
Jan
57
41'
41%
213
40
Jan
49
45%
45%
20
49%
Sep
50
.
U S
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Printing common__-__—41 Vi-
Preference ,
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*'
*
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37%
27 /
30
29%
148
160
48%
40
12%
12%
-
32%
.
158% Jun
7
Juii.
Feb
Ball
Electric
10%
65%
-
Jun
32% Jun
28%
28%
50
24%
40%
144.
32 •
•
Kinsel
Drug
120
Kresge Co
Parke
15
12%
50
74% Mar
-7___„_50
18%
18%
57
16%
Feb
*
33%
33%
20
v25y*
Feb
15
18%
18%
75
14'/a Feb
23
Jun
25
25%
74
22% Mar
29
75%
28
69%
92%
Jun
_7^__
*
25
'
74%
Feb
18%
Sep
5% Mar
22% May
4iy4 May
Rlckei
River
7
■;
—:
—2
Prod
Motor
Feb
i
Car
Corp
American
Coach
54% May
67% Mar
82 y8 July
American Tel & Tel
.
..
Body
33
45% Feb
Feb
S
Mtl
Cleveland
$4.50
Shares
Low
Prod
Eric
3 Va
3
175
High'
i
3% July
Jun
4% May
2% Mar
100
-
al51%al52%
—
Feb
24%
Faultless
a37% a37%
158%
Jun
16%
,v.
29%
100
1
15 V.
15%
58
~
15%
100
--
'
.
*
16
74%
common
75
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/
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.
*
(Un)
(Un)_
—.—1
Goodrich
(B
'v/
_*
«
common*——
'
"
;
Bros.
■
*
Halle
Cooperage
Brothers
class
common
12% Feb
17% July
81%
Sep
34%
PeD
41%
32%
Feb
48
78
Feb
92
10
92
'
,
•
Apr
Jun
July
.
Sep
'"
9 Va
57
76
Harbauer
Company
Steamship
40 V. a40%
121
,
•..>
95
S22% a22%"
Feb
16% July
20%
Feb
25
Barker
Bros
././■'/.■'
-
31% Mar
43
May
65
Jun
21
38%
(A
Medusa
G)
Portland
May
64
May
47 V.
Mar
May
140
22%
34
17
Jan
Aug
14%
25
,
Mar.
25
Jan
31%
13%
Jan
36
Jan
Jun
JUly
265
12
Feb
15
11
11%
253
10
Feb
15% Jun
33%
*
-
Cement
33%
30
38
38
—
Nestle
Ohio
4%
4%
24% Jan
33 Va
50
May
33% Sep
42
Feb
Oil
Basin
Bendix
Co
Home
Gorp of America
Republic Steel
Rlchman Bros
—
Central
•
(Un)
Consolidated
Corp
—
—
200
1%
Feb
2% May
,
Liquidating
4%
—
General
Motors
23%
Thompson
Products
July
5
Jan
May
U S Steel
Van
Dorn
common
Iron
(Un>—
—
•
Works
Youngstown Sheet & Tube
*
__
For footnotes see page 44.
vV
~mm\
50
52 %c
Feb
Feb
Jun
28%
Jun
10%
Feb
77%c Jan
—
Motor
Hudson
Foods
Hunts
■7%
7%
8%
8%
10%
11
1,612
a29% a29%
10
a29%
Jade
16 Va
Sep
Oil
common
Co_
19%
Mar
Feb
19%
20% July
Feb
20% July
40
10
39
49
2,100
29%
Feb
10
10%
325
9% May
*
10
50% Feb
61
—
21%
Jan
30% Jun
12%
Apr
14%
60c
Feb
95c
Jan
11%
Jun
Jun
Jun
19 %
a55% aS5%
;
12
.
a26% a26%
13%
13%
7:5
40
'
613
>
5,656
/
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67 %c 87% ® 7
85c
;
250
5% Mar
May
Aug
127/«
Jan
Mar
Jan
6%
12%
12%
Jan
15%
62%
1274
62%
-439
61
Mar
64*%
210
39
Mar
45% Jun
92
Feb
..
10
600
Inc
5% Aug
15% Mar
13%
Jun
? 18% Mar
.
Sep
al3%
13%
20
11
10%
11
1,340
10 Va July
17%
Jun
1.35
1.40
1,400
V7%c Feb
1.70
Jun
-10c
1
16c
16 c
1,300
iiy«
11%
2,271
8%
43%
44%
1,369
43%
20 y*
——5
Co
—-I
10c
Corp-^-——-*-*--l 7
Petroleum
1
a
15
Jan
Sep
51
Jftn
30
26
230
1,200
1.10 Mar
14% Jan
22
22
22%
259
2%
2%
2%
2,921
1.00
1.10
2,500
1.65
1.65
1.70
1,400
6%
6%
321
all% all%
all%
40C
400
2.40
2.50
Pacific Finance Corp common——10
Pacific Gas & Elec common...
25
34
;
Feb
Feb
1.30
2.55
—1
—
34c
Sep
26
Inc-———1
——
16c
1.25
1.30
1
Co
Oil Mng & Dev Co.
City Lines,
16c
11%
1
6%
5%
1st
preferred
redeemable
Pacific
22%
al3%"
Manufacturing Co——I
MP Diablo
1.55 Jan
70
10
Co
Aircraft
Lockheed
950
al6% al7%
33%c
Corp
Petroleum
690
4%
6.66%
common
Kern County Land
Lane-Wells Co
Lincoln
July
131
120
4%
70
1%
Jan
—
1st pfd
Indemnity Co
—
25
25
10
27%
18%
305
34
34%
784
25
27%
•>
49
Apr
1.60 July
24%
Jun
8% Mar
1.55 July
1.80 July
6%
35c
100
18%
Apr
Feb
6 % Mar
?
1.95
8,525
a34% a34%
:
,
l.Oo Mar
95c
Feb
Mar
Feb
Jun
87% July
7% May
49
6%
*
Co
Northrop Aircraft Inc——1
7 it
65% Jun
Apr
Occidental Petroleum Corp
65%
Feb
5%
Jun
10
54 y»
16
Apr
150
20% Mar
350
12% Mar
31%
a81% a81%
Jan
360
58
100
47
83% July
31%
28%
110
Feb
87%
Jan
425
Feb
a78% a79%
8%
8%
15
58
Jun
59% May
18% Jan
34% July
67/a
22%
Mar
Aug
19%
41
65
Feb
26
Mar
8
28
1
7
Co
15
35
Feb
10% Mar
20
6%
2
10
(The)
Car
Kaiser-Frazer
Feb
38
Feb
7%
3,025
11
4
Independent Exploration Co
Intercoast Petroleum Corp
7%
24% Feb
39% Feb
6%
1,850
7%
8%
50c
—
Corp
15% July
'
50
.
11,865
117%
Merchants
'
5
7%
—1
Corp
Development
Holly
Menasco
a56% a56%
"
•
16
12%
v
a447/a
Jun
/7/,>^kX
*
common
7 2,600
al4% al4%
21%
260
75c
117%
Jun
ISO
24
57 %c
*
7
;
High
Low
4% Aug
'
Goodyear Tire & Rubber Co common—*
22% May
a277/a a28Vs
.
7
,
400
4%
.
a447/« a447/a
43
'7 ,;-
v
High
19%
Corp
.——
Inc
Oceanic Oil Co
common-
Range Since January 1
Shares/
of Prices
6%
1
Inc
Co
Corporation
Garret
Feb
.
for Week
Range
Low
Farnsworth Tele & Radio Corp——1
Feb
50
/./6/," Apr
-7; Sales
Week's
20
Engineering
Products
Electrical
Feb
295
Jan
12
1%
—
Dresser Industries
4 Va
29%
Feb
1,090
11% Sep
"16% Jun
3% Jan
>
1%
Exeter Oil Co Ltd class A——.1
16%
45
10
10 Va
Feb
IV2
28
Aircraft
26%
44 Va
'
m
*
Feb
'
67/a July
./ 7% Sep
20
Corp
Creameries of America
49
29%
'
3
Sep
13%
—
Consolidated
all% all%
(Un.I*"—
12
600
7%
Colorado Fuel & Iron common—*—*
90
6%
a
300
3
225
———————2.50
Corp
240
al9
8% Feb
200
14%
Jan
Jan
100
33%
—2
1
*
*
Corp———
Investment
Chrysler
19%
v
33
50
—————
Standard Oil of Ohio
Jan
4
87/a
6%
—™—200
—
Oil
Chica
National
Radio
6Va
/:
6Va Sep
7%
65c
Appliances Inc—
Diamond
33%
6
*
(Unr_**—-i—-*^!—
Pennsylvania RR (Un)—
2% Feb
100
4'/a
6V4
4% Mar
270
4%
4%
~
*
A——
Le Mur class
Oil
-X— ..4
Brick
/
6%
1
—
Paving
'National Tile & Mfg..
Metropolitan
450
7%
10
Consolidated
Hancock Oil Co classs A common
13
"
875 /
/
11
10
Feb
12
100
13%
34
'
*
Mar
20
200
34
il
10
■
14
12
394
12%
13
—
class B
14%
3%
6%
14%
.-
47% Mar
71
13%
——
0
—
Kelley Island Lime & Trans,-
McKee
28
Mar
31
21%
5
.
Lamson & Sessions—
:
Sep
3Vt July
11
Pur
7
common
Barnhart-Morrow
Aug
50% Mar
M
,20
,
12%
—
—
_
33% Jan
4 Va
7%
Bandlnl Petroleum Company—-*—*1
Douglas
14
A
«
Interlake
200
Angeles Stock Exchange
Byron Jackson Co
*■
,Gray Drug Stores
Greif
5% May
26% Aug
718
4Vs
•
;3 i
/ Sale Price
/ 7/7/'77,v:7/'
'
:;
Jun
a56% a58%
--
'
,
3% Jun
Feb
4%
/
3,130
27%
Jan
2
10
6'/a
STOCKS—:
19
74%
•
"
'
1V» July
/ / 2% Feb
3%
■Last i■
Feb
a44 Va a44%
«
Goodyear Tire & Rubber com
if
'
k.
2% May
IV2 Aug
600
1
Aircraft
Bolsa
50
a61% a62 V*
;■
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Jan
May
1
Broadway Dept Store
..■V7«7
r
3%
2%
—4
common
new
Jun
July
'7 110
al4% al5%
23% 23%
a
——16
_
(Un)
Co
/
;
940
6%
—,
33
14
60
a47 V4
92
(,.
————
common
37% Jan
Sep
140
27%
'
General Motors
1%
'
3%
6'/a
.—5
45% Jan
37
390
•
a39
a47
~
15
—
.
Electric common
General
2
Jan
4 % May
l7/» May
33% Feb
/:'/ 2% Sep
465
700
4%
—2
28% Mar
35
29%
_
—
Rubber
Jun
Jun
147% Mar
226
25
-
'
Controller
Railroad
15
3»/2 Mar
'•2%-.
4% / 8%: /
**?'
Preferred
Electric
8y4
1% Mar
XvZ-100
2 V.
^_1
common
l
///:'
Range Since January 1.
150
21%
21
—
—
common
8% Feb
2%
Friday
low
3%
3 Va
—
preferred
Chemical
Sep
1,000
,
2%
—
7'
"•
High
3%
—100
Cleveland Electric Illumin com...
Dow
6%
''
/; //; //:,
of Prices
..
-i*
Cliffs Iron
Sep
Jan
1%"
for Week
—
Controller
Clark
39c
23%
35%
1%
& Die———1.'.,
Radiator
Blue
Ice & Fuel
City
Sep
Jun
Exchange
Range
-50c
(Un)
.Chesapeake & Ohio-
Jan
9
Sep
Feb
/
'•
-10
Warner
26%
Sales
Par
—I
&
6%
25c
27/s:
0
.1
Corporation
27%
Last
•
(Uni...._
Alleghany
35%
1%
Investment
80
Sale Price
Akron Brass Mfg..
■
Y
25Q
3%
1%
,.2%
0
Tool
Udylite
50%
Week's
'■ V *
STOCKS—
,
Jan
5% Mar
150
■>,
11%..:
3%
—
1
Manufacturing-_i
Superior
27%
Friday
j/,//
8%
Sep
20 V»
2%
———_2
—
Scotten-Dillon
Sheilcr
50%
*
12.50
—
j?
5%
650
6%. /";
1%
-~
—1
common-
Los
■"
4
Jan
3% Mar
•212
22
ltVa
■
:
(H W)
Raisin Paper
U
Cleveland Stock
■
4%
9% May
Feb
900
30c
:
6% /
35V*
Davis
78%
Bearing——
"■
Jun
Feb
Feb
Jun
74%
*
;/,U
1
2%
-200
*. 100'
6%
6%
25c
22
10
Stamping
Packard
Jun
47/a
Brands —
S Steel—
Westinghouse Elec
'
3%
3
.
,i
64% Jun
Union
V
Feb
1,271
4V»
4%:
3%
1%
(S S)„—
Screw
42 Va
507/» Mar
14%
Standard.Oil (NJ)
Roller
5% : 57/a
:
-——1
—._1
a.
Lansing Stamping
LaSalle "Wines/cominon
31% July
-a*.:,
Timken
May
24
Feb
5%
:
:
600
.
25c
"
Standard
Jan
26
19'/a
,
300
7%
—
—1'
McClanahan Oil
4%
_1l_
Socony Vacuum
Va
«
10
1
common
------
Masco
16%
———
/'
i
SVi
——5 ^
Motors——
12% July
Mar
62
1•
—
1,700
3
7%
'•
1
Bearing
14% Jun
Feb
61%
?•'
617/«
Packard; Motor..7
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:/// Pure Oil
Jun
Jun
11%
■
loy* Feb.
4% Feb
10
40
Central—
York
New
-
3 Va
—
1
—
Kingston Products common
t
Peninsular
:.
&
Ka'iser.-Frazer
Nattonal
29%
,v.
10
«—
Jun
67/s
22 V2 Mar
600
2%
3V»
.
—.—
Hoover
45%: Jan
-
29 y* Mar
250
10%
Electric'
Motors
——
>
—1
-
L
Lamp
Rights
Jan
'
'w
Day ton .Power /&:;
/
f/,.., General
lOV*
9% Feb
132
>,
t
21%
200
23 %
Sep
Mar
4
'''•■•/
'... -
,
*
u
Hall
Apr
32% May
10ya May
Feb
7% Aug
Mar,
90
29%
*
25%
50,.
37%
__
u__.wiui---i-.-il20%
*
v' *s
'
7%
'
151% 152%
Gas:^i/;wi2^-^a:7:a.-:-._--i-_'i¥:..^
Columbian
129.
48%
.i/Curtiss/;Wright
'ZW*-
29%
28%
152%
,
_^5
'
"
6%
20% Mar
l-Ay ■>*
28%
City^'lce'.ds" FpeL^«>..M
f
Aug
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Jun
7 Feb
23
Mar
;7':
:
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Graham
Howell
:
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/American. AirlinesVi^LTr-ii'-^ii^;^.-:!'
v
,
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.
Stocks—",''.:!'"' ^'7,
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.
.
•
17%
21
3,430
22%
.3
-
——1
Gerity'Michigan
7
Electrotype.
'.
Playing Card-—1:__—2..10
; 7 Rapid.
26% Jun
Feb
'
Jt
Electromaster:
7l%4 Jan
Apr
Feb
300
v
23%
--
,•
..'^'.Proctor/ & Gamble———
,l
525
5
21
i'ii 10 /Zw
10
:•
Corp common
1
Prod common——^—10 s
High
19
12%
,.502
O'/a
207/a
21
•
16%
High
'
47/b
5
Nav
■
47ya May
24
225
,ni'
,
■[
26/:,/
21%
25%
Detroit Edison
^
.-20
Detroit Gasket:—,u——1
'
'
Cleveland
&
Low
25%
-
:iv$:/•''if:/;7$
^ •■V'R:/::/■■ ;:/;7 ;/vf:>'7/7^7:: v;'. / 7,
Davidson Broa./u--.^.^/.--—
10% Apr:
Apr
*
Burroughs Adding Machine common—0 /
Consolidated Paper; —
^.—^..10
Jun
V 58
'
2
Products
Metal
Low
16%
Par
7
—„—j
..--l—i.~«~X—,«—*—XXX-XlO"' >'*X
Eagle-Richer
;v
*'
—'
common—:
9
May
13% May
70c
Apr
2.90 Jun
21%
Jun
36
Jan
Mar
35 Va
Jan
Sep
27%
Sep
Feb
51%
Feb
15% Mar
30% Mar
*
33
27%
400
27%
49
100
49
-
THE COMMERCIAL & FINANCIAL CHRONICLE _.v
(1174)
38
EXCHANCES
OTHER STOCK
Friday
;--V
-
'
STOCKS—,
,
1
.Range
Friday
Week's
Last
Range
Sale Price
of Prices
Shares
1
1
410
4%
200
5%
;
Feb
..
22
.yv;;7y
Rice
Oil
Corp
g
1
•
Oil Co
Ranch
Richfield
common
85c
90c
32%
32%
34
5%
6
Jan
3,110
49
Jun
7
4% Feb
Union
Roebuck
Sears
15%
20 Yb
U
Corp
Trading
Sierra
Oil
Sinclair
"V.v 38 •" 38
;380
49
a36% a37%
10c „ 11c
150
46
145
28%
._
11c
*
Corp—;
.1
Aircraft; Co/
Southern
Calif Edison Co Ltd com...25
25 >
4.43% convertible
25
4.32%
cumulative preferred
25
"4.56'/*
conv
pref
..."
■■
■
y}., •/<••• ;• v:
.■
'■ yy:
Southern Calif Gas Co 6% pfd cl A.25
•
Sep
55c
1,941
Feb
32%
8%
Feb
Pacific
1,148
27%
26%
23%
28%
28%
,
Feb
Feb
55
Jan
9%
Feb
Sep
13 y4 Mar
20% May
32%
79%
31%
79%
32%
79%
a7%
13%
Feb
10%
*
Feb
Delaware Power
83 Va July
Jan
7
10
-
;
3%>
1.05
4% May
Apr
1.80
Feb
70c
Apr
Corp
Alleghany
250
3%
7%
13%
7%
137/»
£'29
33
-
———.—1
Stand San Corp.*
Airlines
American
American Radiator &
Refg' Co——.—*
Smelt; &
American
Copper Mining Co
Steel
Armco
(111)
Topeka
Atchison
Avco
Corp
Co
&
Armour
&
Fe
Santa
-...
a55%
152 V2
100
50
10
—5
Ry__100
American Tel k Tel Co
Anaconda
*
»
«.
28%
9%
all8%
41% May
Mfg Corporation (Del)————3
a6%
•
Locomotive. Vlforks.—,——..13.
Baldwin
Barnsdall Oil
Co
5
Corp;
...
Mar
48
:
Rights
17
Jun
25
70
Feb
74%
Apr
143
8
Feb
9%
59%
495
10%
10%
200
16
49%
51
61%
627a
20%
20%
:r
16%
49%
61%
52%
11% May
13% July
18% May *
15% Mar
943
56%
Feb
49%
303
Boys
Jan
50% Mar
65% Aug
17%
Feb
25% May
Feb
1,074
4o
20%
11%
12%
13 *.
May
Apr
i
May
196
/
v. ••%-
v
4
/H
•
%
349
6%
'6%
6%
17%
17%
5,042
18%
19%
5% Mar
1,591
17%
'
«
,
Jun
65 Vz
Feb
Mar
7
...
...
^
] -W
•
7% July
•
20% July
17%
A
Sep
65,592
3,087
3i
.
16%
Feb
39%
Aug
A
Sep
Sep
'
.
.-..60
RR
Pennsylvania
Jun
Feb
*
*
.
jiV-'.f'l
Apr
12%
5
....1
Corp
19 Va
,
•22% May
48%
Apr
?/:' 5%
Jan
18
_1
39%
40%
98
4%
§;4%
200
*
—*
...*
3
9%
9%
57
22%
22%
23%
2,968
21%
Feb
2i3/4
24%
24%
24%
436
21%
Feb
25
36%
35%
i-i—...
Corp
Service El
May
157% May
40%
Jum
4
32
27% Feb
31% May
9%
91
15
Feb
Sep
7% May
4% Feb
146
120
12%
14Va
265
10% Feb
38%
15%
39%
34%
34%
May
117% July
Jan
$1.40
common
& Gas com
Reading Co common
Salt
Oil
Dome
Scott
Run
Paper
Oil
Corp..
common
Co
United
Corp
17% Juri
United
Gas
16% July
Feb,
21%
21%
22%
26%
27%
28
Jan
23%
7%
7%
45%
47 Va
66%
68%
Sep
Jun
Mar
45% July
Aug
/
237/s July
28% July
16% Feb
258
23%
9%
-
26% Aug
1,464
27 V«
$
common
21
374-
36%
*
50
1
preference
_•
—*
div
9%-Sep
•
27% July
Jun
195
14%
—
27 Va
158%
16%
Llght-.^i.-—.—*
&
Power
Phlico
Mar
216
a6%
7—
—5
——
—
Aviation
Bendix
22 Va Mar
147% Mar
'
National
65
10
148% Mar
14%
14>/2
High'
Low
250
10
Philadelphia Co Philadelphia Electric common
$1 div preference common
435,
;
Range Since January 1
4,457
58%
_5
16% May
Jan
12% Mar
a6%
—
100
Ohio RR Co
&
Baltimore
7%
215
140
Jun
;; 4% May
Sep
175
152 Va152%
36% 36 y2
28% 28%
9%
9%
all3Vn al20
Mar
r
150
&55% a56%
3
33
*
•
190
May
24%
23%
70
Brothers
Pep
..—-_1 4 ,3%
Mfg Co.—33
33
49 y2
Shares
9%
*
in
Public
Allis-Chalmers
14
44% Mar
High
70
—.13%
Corp
Pennsylvania Salt Mfg common
Stocks—
Unlisted
10% July
•
-
Battery
Motors
Pennroad
3%
95c
49% May
14%
8c Light
Storage
Gimbel
-
3%
—
Feb
!
Sales
14%
Lehigh Coal & Navigation
May
Mining Stocks—
3%
38%
25
for Week
50
Corp—
Pennsylvania Power 8c Light
Alaska'-Juneau Gold Mng Co..—.—.10
Cons Chollar C <fc S Mng Co....——1
Apr
3% May
Aug
151 % 152%
24%
152%
•
38% July
67% Mar
40
July
19
Feb
of. Prices
13
Works
partic preferred
General
20% May
21%
546
Securities
Electric
Jan
13 Vz July
1,232
30
Aug
2y8
Range
,
Company -.i—...——
Chrysler Corp
J2% >
Curtis publishing Co.—————-—-*
23% Aug
112
Feb
12%
150
234
Budd
15% May
21%
.
23 Vb
.r^-r/V2o:,o
175
Low
100
Locomotive
6%
Jun
250
al3%
y'v 100
26%
Week's
Price
Par
Tel
&
Baldwin
62% July
;
1,035
21%,
a7
Tel
American
Jan
72%
80
Corp.....
•
Inc.——;—1
Lines
Air
Western
,
Steel
Sale
American Stores
Feb
34"%
32%
44%
5.621
common._.25
States
United
Jp3
Aug
45
Last.1
29% July
27% Aug
401
11%
al4
5
California
Jan
379
12%
:92y2
10%
Friday
Bankers
11%
al3%
11%
of
Oil
Union
25%
1.024
92 Vz
45
STOCKS—
July
■
24% May
285
■
y;
276
Philadelphia Stock Exchange
28%'Jan
22%
813
1,035
Apr
Jun
10%
10%
10
-
&13 Vz al3%
ai3%
5
Inc
(F W)
Co
July'
28
May
60
21%
,
2
Corporation
Western Air Inc.—
&
Transcon
...
common.—.......—-50c
Textron, Inc
Transamerica
30%
Mar
26
33%)
12%
..
—.1
*
class B preferred-.
4%%
33%
58%
<53
...
Standard Oil Co of Calif--——.-*
Sunray Oil Corp common—
25
100
>
25%
42%
a44% a44 y8
Pictures
Bros
Warner
-
•
Company
26%
14% Mar
29%
Jun
Aug
39% July
163
al2 % al2y6
Jun
200
29
19
Jun
380
'.
~ V7
..v':-7'3;yy73':-
—
*
Mar
25%
15%
27%
26%
23
23%
(Del)
July
25c
11,
32
May
180
Feb
5,700
11
Feb
Jun
22c
Sep
122
110
44'%
Feb
10c
13,000
.
Southern
4iy« July
5
10
Inc
Co
Rubber
S
Feb
19 y4
52% May
165
28c
-
—
Feb
Mar
32%
24%
27%
26%
cumulative
4.88%
Jun
158
25c
26c
24% '■>
11
<
Apr
Woolworth
49
*
1;,
Signal Oil & Gas Co class A
Signal Petroleum Co of Calif
Solar
2,057
..
Lines.
Air
18%
49%
68% July
1,500
a8 9 Vb a£0%
a89%
66%
-,y
Corp
Corporation
17%
Co new com_50
Feb
53 V2
55
39%
High
Low
^7
20%
39%
••,
Range Since January 1
105
27%
20%
•
Co.—
-
United
17%
—30
15
25c
.
Aircraft
United
17%
Co
&
Security Company
Shell Union Oil Corp
T
•
••
United
20% May
18
..
-
&
17% Mar
17%
Safeway Stores Inc.———.-———5
Seaboard Finance Co.—.
——1
Pacific Railroad
rfO
Mar
-
,155
*
Carbon
Carbide
26 %
26%
J
High
a62>/8 a62%
——
10
Twentieth-Century-Fox
1.30 May
Feb
15%
3.007
6
—
Company—..——1
Ryan Aeronautical
85c
Co
Associated Oil Co
Water
Union
■
600
*
Sulphur
Gulf
Tide
Sales
a55% a55%
a55%
Company
Texas
6% Jun
7% May
*
Low
Par
y:7r,'; •'..■r; :...;.:;i~;
:
Texas
Jun
32
Mar
STOCKS—
July
55
Sep
4%
2.50
Drug Inc...
Rexail
4,216
4%
4%
<3% ,6'/a
1
common
Gas Co
Oil &
Reserve
Co
Petroleum
Republic
47% Mar
378
a52,/«a53,/«
23%
25
a52%
*
Lighting Corp common
High
Low
'
Pacific
Range Since January 1
Shares
High
Low
11 ;
'
-i
for Week
of Prices
Sale Price
v.
Par.
"
'
Sales
for Week
Week's
Last
SEPTEMBER 17
WEEK ENDED
FOR
RANGE
Monday, September 20, 1948
;
Westmoreland
33
Feb
44
170 v
27%
Feb
37%
37%
39% Mar
42% July
47
65
July
11% May
20%
37%
Feb
2
20%
773,.
37%
28
:23% May
39% July
Sep
Mar
32
Jun
15
35
70% Jun
3% May
125
20%
13%
20
—
Jun
50% May
50% Mar
69
Jun
30% Mar
23% Feb
—
12%
Sep
-39% Mar
Jun
385
Coal
7%
26
3%
3
1
-
Improvement
140
326T
-
1,275
'
Steel
Corp..—..———•
Boeing Airplane Co.—
5
Borden Company (The)—
...15
Borg-Warner Corp
5
Bethlehem
—
'—
a59
(The) —a9%
Co
Budd
36 36%
a25% a25V2
a41%a41%
a59 a59%
36
:
150
a9%
a9%
Jan
Feb
8'/4
303
Pittsburgh Stock Exchange
28% Mar
54%
Caterpillar Tractor Co
———y.
Company.——..——10
Columbia Gas System Inc
*
'
Cities Service
—
,
Commercial Solvents
Corp
—*
:
1 183
14%
Jun
10%
24
125
a25% a26%
3%
3%
a23% a23%
10% lOVe
Jun
174
27%
Apr
Jun
Arkansas
Natural
Blaw-Knox
Commonwealth Edison Company
a26%
3%
25
Commonwealth 8c Southern Corp..—.*
Consolidated Edison Co (N Y).._
•
Vultee Aircraft Corp4
Consol
,
—1
*;
—;
2%
6,812
Feb
21% Mar
100
24%
10
77 4
.
28% May
3% July
25% Mar
,
(Del)
ft
Curtis
Co
Publishing
Electric Bond
(The)....
•
.1
Share Co...—
Foods
General
Public
Goodrich
•
__
180
7y»
615
4% Feb
13%
13%
150
40%
40%
430
__
a37%
a38
82
Corp
12%
12%
•
•
__
34%
Jun
Feb
Jun
July
53%
Apr
L''
Graham-Paige Motors Corp
1.
.1
...
Northern Ry Co pfd.—
Great
Greyhound Corporation
_•
International
Paper Co
15
International
Tel
Tel
Corp
14%
350
,
a30% a30%
5%
Feb
3%
com
:
Copper Corp
•
25% Mar
33 Va
50
53
Apr
62
13 %
685
12%
Jan
16%
McNeil 81 Libby
Ubby
Loew's
a55% a56%
7/
Inc
Montgomery Ward & Co Inc
a
•
16%
a
16
55V2
,
a
Nat
Distillers
New
York
:■
Ohio
Aviation
American
North
Inc
Feb
42%
59%
Steel
Pittsburgh
San
380
8%
Feb
Foundry
22
22%
24
18% Feb
23% May
20%
21%
1,422
11% Mar
24
3%
3%
500
3% Aug
6
*
10
*
*
32%
32%
32%
85
30
Mar
52%
Jan
35
35
34% Feb
39%
Jun
10
Jan
common
Mining
Toy
16 Va
Aug
55Va
254
19%. Apr
63% May
48%
Feb
Radio
11
11
375,
9% Feb
625;
13% May
al5%
al5V2 al5%
91
15%
Apr
16%
Jan
a21% a21%
30
177/8
Feb
27%
Jun
a33% a33y2
40%
Jun
Co
A
*
Inc
Railroad
;
i
Co.
Warrants
:
5% May
■■v.;154
18 %
Feb
26% May
19y4
19»4
'312
16%
Feb
21% May
10 Vz
12%
/■;' 370
10%
Sep
22
a51%a53'/4
.
105
41 y4 Mar
57
V
35%
;
50
335/3
42 y8
Feb
.:
12
647
8
7%
200
7%
1%
1%
8ocony-Vauuum
Southern
Oil
•
Co
Brands
Standard
Oil
Co
;;
—.15
Railway Co
Standard
'
50c
„
...»
,
29y2{.
1%
50
a3y«
29 Vo
18
3V4
Aug
22%
Feb
31%
Jun
15
Feb
23 Va
Jun
35%
Feb
150
a45%
V
Inc
(Ind);
18y2
v
2,919
a45% a46V8
,
145
a23% a25%
25
76
a43'/4 a43 V2
.
Jan
; May
430
1%
&3Va
15
11
.
Sep
Feb
;
'
Republic Pictures Corp
Republic Steel Corp
112
•
Oil
Studebaker
Swift
&
Co
Corp
(N J)
25
Company
For footnotes
25
see
a74%
" a74% a75%
1'
L—
page
44.
.
'
„
*
23%
23%
31 Va
31'/8
Feb
100
4%
Apr
Apr
5% July
19c
Mar
10c
1.000
12c
12c
May
36%
38
209
32%
Feb
39%
Jun
27%
27%
28%
176
25%
Feb
33
Jun
A
Aloe
S
Co
25 y2
38
;
3% May
5 % May
j
47
Range:
Tel
25
;
Bldg & Eqpt common
Brown
Shoe
267
——^15
common——-i.
common^—1—...iil '
Century Electric Co common..-—^..-10 Coca-Cola Bottling
1
*1 '
General
18
Electric
100
pfd
Brewing
Electric
(Un)
General Motors common
*
Brew
Huttig S & D common—
.
5
Hyde
Park
Hydraulic
Brew
Shoe
—•
common...
Laclede
Laclede
Gas
common
;—5
Steel
1
Missouri
Portland
Cement
•-
:
28%
Jun
St
52 Vz
Jun
Scullin
Louis
A
common....
Steel
14
14
;
5%
5%
19%
16%
,,
0
class
& Co
71l/4
Feb
85% July
Securities
Investment
340
17
Feb
29 Va
Jun
Stix-Baer
&
122
30% Mar
36%
Jan
Wagner
Fuller
Electric
__
common
18
38%
38%
'UJ...-31%
common
common
55/a
7 ;
18
•
263
\
16
32
50
Serv
Pub
5
15
4
7
15
53%
31
May
111%
Jun
115
May
Feb
23% May
42% May
65 Ve
Aug
; 31%
Jan
36
May
68
Aug
33
Mar
42%
14
Aug
24
23 Va
Sep
30
51
.
19%
..
7
17ya
18
38%
31%
53
54
10
200
Mar
v
.y
.7
45'/a
Jan
8
Mar
10%
Aug
14
Sep
17
Jun
J:
4%
Apr
28 /
Mar
19%
y
Aug
16 Va Aug
6% May
33
Aug
23%
Jan
19
Jun
250
5
Aug
16
May
19%
45
30
668
Mar
39% Mar
7
: 197
Jun
Jan
"
120
5%" "v":
15
100
200
.
25% Mar
:
65
32
14%
'
7/
Jan
31% Mar
15
250
•
25
13%
Sep
27
10%
14
5%
10
Feb
215
May
Feb
41
42 Va
20
common
139
115
285
Jun
10%
135
64
Sep
Aug
26%
5
130
10%
4
"
10
20
•
4
McQuay-Norris common
113.
23%
1
common—
• •
26%
41%
23%
9%
33 y8
20
.Apr
* 16-'
23 %
__
50
Knapp-Monarch common
Laclede-Christy
64
.4
common—
Pressed Brick pfd
16
-
40
26y#
-
Feb
40^
- 110
70
•
63 %
62%
*
—.—6
Griesedieck-Western
27
18
11
»
22
22%
39% 40%
61% 62%
25%: 26%
22%
"
(Un).——10
General Shoe common—————-1
144
113
-
,
•
Jan
19
Jun
155% Sep
26
-Apr
280
32%
ll 26%
11 4
1
common
common
r
9%
i8
>
Mfg
Falstaff
-7
9%
9%
yV
Jan
150 % Aug
32%
.......3
High;
^
-
July
13%
50
151% 152%
152%
Low
20
-
Bank
'•I'
;
16%
Range Since January 1
.
—
.
20%
16%
16%
—
Shares
20%
....
1
-
High
Low
:—5
common..
Sales
for Week
of Prices
Par
,
American Inv common
Mar
?
Exchange
Week's
Last.
Sale Price
^
,
Sears Roebuck
Standard
July
38*:
•
12.50
•
International
Feb
7%
Jan
May
49 Va May
44
May
Aug
25%
11%
__
I
1
,
170
a42% a42%
v
'
•
Corp
Feb
10 Vz
•
of America
Feb
4%
__
•
Radio-Keith-Orpheum
26%
315
a22% a22%
a22%
7%
>,y:.
STOCKS—
Emerson
130
5
5
—
50
....
44
125
5
Friday
Buikart
%"
3%
5
Jun
May
18% July
a21%
•
Car
Company.:
Corp
22 %
Feb
-
.1
Inc
Oil
Pure
21%
18 Va
12% Mar
100
Pepsi-Cola Co
——L_33%
Phelps Dodge Corporation___._v-___25
Pullman
-
15'/s Mar
250
264
;
17
88
£'%
1
American Tel &
17%
36%
;■ 7,.-
■
St. Louis Stock
10% Apr
140
16%
Sep
May
3%
Westinghouse Air Brake
Westinghouse Electric Corp
Jun
16%
al9>/4 al9%
>
Jun
10%
27
Feb
22%
Jun
__10
Rwy Co
Pictures
Pennsylvania
17 Va
al9V4
16%
V
Company
Motor
Paramount
17%
t
•
Co
Pacific
Oil
Packard
1
-
American
North
.Northern
8
Corp
RR
:
.
*
Corp
Prod
Central
J4%
Feb
213'8
Pittsburgh Brewing $3.50 preferred
Pittsburgh Plate Glass
Pittsburgh Screw & Bolt Corp
Jun
'
Nash-Kelvinator
.
5
Corp
July
9%
9%
•
465
21%
7% Mar
10
Supply
,
Kennecott
90
30%
—10
Gas__
Fuel
Fireproofing
16% Jun
13
a58
•
24
497
13% May
11% Feb
•
Feb
13
__
-
455
24%
10%
Jan
48
10
a58
..
Mar
13
70
12%
10%
12
Jun
37% Mar
10
395
11%
14%
14%
*
220
4%
11
Interlake Iron Corp.—
———
Int'l Nickel Co of Canada—
<fe
4y«
a43y« a43%
a43%
—3
—
16
15%
12%
10%
—1
*
8% May
19% May
Jun
15
Feb
51%
.
—•
,*
Co
High
33% Jun
July
40
Feb
11%
50..
National
42%
Mar
Star
Mountain
Jun
16%
Feb
9Va
32
150
a57% a57%
Co
10
Brewing.—..
Harbison Walker Refractories
Jun
;
12% July
4
Utilities
F)
(B
13
10%
10y8
40%
Corp.—•
10
69
Feb
50
10%
10
.5
<fc
General
50
__
General Electric Co.———————
Feb
Mar
6%
937
7%
—
Corp common...
Curtiss-Wright
7%
a56% a56%
1
Continental Oil Co
85
5%
Pitt
Lone
Continental Motors Corp
29 %
5%
16% Mar
July
Jun
28%
Columbia Gas System......
Fort
Low
j25
Feb
4% Jan
High
common—*
Co
Gas
Range Since January 1
Shares
*
Steel
Ludlum
for Week
of Prices
Low
Par
Allegheny
Sales
Range
,r
Last
Apr
63%
Feb
33
50
&22% a22 Va
—
61
Mar
53% Mar
135
54%
49% 49M»
al2% al2%
—
,
Week's
Friday
Sale Price
STOCKS-
32%
Feb
'
29% Mar
13 V
; 48
Feb
Jun
42 y8 May
32
Jun
Feb
17% May
Feb
55%
Feb
THE
Number 4735
Volume l68
COMMERCIAL
OTHER
RANGE
&
FINANCIAL
STOCK
FOR
CHRONICLE
SEPTEMBER
'
Friday
/
Co.
San Francisco Stock Exchange
Los Angeles Stock Exchange
V*
)
1 *
principal Security and Commodity Exchanges
.
WALL
14
>
■
SAN FRANCISCO
Matson
.
Menasco
!■ -
Aireon
Air
i. •"
■
Mfg
Par
American
&
Power
Radiator
Amer
Smelting
&
&
High
%
500
%
Stan
105
3 Va
3(4.
275
3Vs
Sep
7(4
Power
7%
210 V
7(4
Sep
1%
(Un)-
l7/a
San
(Un).
(Un).
2
10 (4
22
600
10(4
(Un)
Refining
High
1%
Jun
a22 a22%
-
100
al3% al4%
a55%
7
Tel
American
Viscose Corp
&
Tel
Co
(Un)
100
(Un)
American
Woolen
Copper Mining (Un)
Anglo
(Un)
&
Co
(111.)
Atlas
(Un)
Imperial Diesel
4
Feb
May
11'/a
Jun
67
Avco
Mfg Corp
(Un)
•
2.50
316
37
,
279
29
10
250
a21% a21%;
5%
70
Feb
9>/a
Locomotive
(Un)
Baltimore & Ohio RR
Bank of
California
Barnsdall
Basin
Oil
Oil
Bendix
14%
100
;
12% Mar
9
.
Jan
7(4
17(4
50
230
Mar
360
38
Sep
42
11V4
Jan
15
Sugar
Oahu
(Un)
190
26%
Feb
38
Jun
193
30 Va Mar
13%
34'/a
700
•:
Feb
16% July
a35%
—*
a35% a36%
Ltd
...
Borden
Co
(Un)
Petroleum
Filters
Byron
Calamba Sugar
i.
Cement
California
1
...
Co
5
Fisheries
Co
Tile
'"B"
♦
Co
>
Coast
Packing Corp pid__
Ry (Un)_.
50
California
Canadian Pacific
25
6%
&
Aggregates
Electric
Jan
41%
Tractor Co
Celanese Corp of America..
Aug
64%
Jun
40
16 Va Mar
24 (a
Jun
420
25(4 Jan
34
51/2%: 1st preferred
redeemable
1st
Lighting
Corp
Central
7'/a
200
7
Feb
8V4
lst
3%
Apr
6 Va
Jun
t
v
Cities
Clorox
Co
(Un)
Chemical Co
Jun
Paramount Pictures
2
52
Feb
54
Sep
Park
90
10
Mar
54 Va
345
33%
100
2.95
1.75
2,750
Feb
19 Va May
*60% May
38
Jun
53 Va Mar
33 Va July
68c
a38
9%
9%
195
a34% a34%
204
36%
54
265
58%
a50
9% Sep
Sep
505
a48
a39%
..3'/a
—
58 Va
.
40
*
24
—..—i—-
—.20
■
.
Columbia Broadcast System ''A"_—.2%
Commonwealth & Southern (Un)..
*
Commonwealth Edison
class
Consolidated
Natural
L
Gas (Un)
"/ y\.-\ " '
:
V'#
•-
Continental Motors
Creameries
Crown
J j
of
32%
preferred
19Va
150
17 V4
50
20% July
29% Jun
1
common
Dow
Mfg
Cnemical
Co
Eastman
,
Products
Bond
Fibre Board Products pr pfd
—
26
Feb
Sep
v
s
•*
Mar
,
n
38
Oil
Richfield
49 Va
44;.
47%
Jun
7%
250
7%
Jan
10
150
Bros
2,024
26% Mar
99 V4
^General Electric Co
Feb
Feb
7%
Feb
13
332
4%
Feb
12% July
18
320
12
18
100
12 *
*610
6%
a42J/a a43 Va
13(4
al3'/a
Corp common—
Gladidng McBean & Co..i/——
Golden State Co,Ltd. commoh—
;
_•
4%
preferred
13%
6% Mar
8%
Jan
31 Va
Apr
4.48%
47%
Sep
4.88%
39
"loo"
---
.
■
Feb
44
Mar
'Sep
12 Va
43 (
7
633
Apr
13%
North
Feb
16
Jun
42'/a
1.55
1,500
1.05
e%
1,092
32
•>' Greyhound
Hale
Bros
111
Apr
3ft
11%
Feb
40%
663
31%
a38 '/a
a39
200
35
114%
Feb
62
62'A
1,002
51
Mar
17%
17%
100
17-
July
40%
2.9%
16%
{
18%
69
r
-
190
■
69
s
Jan
•
'
Jun >
3
—
10
269
V«
a43 Ve
140
10%
a43
Hancock
;
Oil Co
Inc_>___
...
*
Calif/"A".'.
of
•
Hawaiian Pineapple-Co Ltd—
11 'A
a42
■v;.>
: -.17%
117»/«
f \
.
;
*
Hobbs
Holly
Battery Co classs A
Developments:
Honokaa
-?<■
Honolulu
Hudson
66
Aug
/
23
Jan
>
38
'
20%
July>^
Jun "s
Feb
72%
Jan
46%
Sep V
Feb
5%
3%
40
'
.600/ /10%
Mar
'I
J
-Hunt
15% Aug
104
92
19%
>
Car
Mines
250
425
.5/ :
a3
Feb
16%
13%
100
2 3'/a
50
Corp
2.00
1,900
50
&
Swift
Co
Independent Exploration Co
International
I XL
Mining
Nickel
Co
Johns-Manville
Kaiser-Frazer
For
of
—33 V3c
Canada
700
10% July
(Un).
see
1
page 44.
a
/:
63
34
11(4
34
11
.
30%
59
■*
__
Corp
footnotes
a30%
59
—
Corp
>11
10%
——
(Un)_*
/
24%
(4
Sep
36%
Jan
35%
Apr
Jan
52
115
Jan
137
Jun
Aug
1415/a
Aug
Feb
17'/a
Sep
26
Jun
20 (4
12%
245
.
55% July
Mar
513
22% Mar
18
95
July
141
12-.
100
17 v
95(4
a8%
90
'
Jun
104 Va
Feb
10%
Jun
33
v
a32Va
s .
,
—
10
^.1 /
Jan
3
133
17
Feb
Sep
22
33
__
..
,
Feb
58% July
Feb
75%
26
26(4
Feb
8
Feb
34
Jun
29% Aug
42'A May
July
506
May
Jun
15
54
Jan
100
22%
Feb
35
Jun
54
%&■}■,) V/
5'
24(4 24% '
29Vs 29%
a36% a36%
20%. 21(4
31%
Feb
34%
Jun
Jun
100
23'A
Feb
32%
484
22%
Feb
31%
50
36 (4
Apr
40'A
20 'A
Feb
24
15%
Jan
48%
Feb
23% Jun
27% Mar
34'/2 May
555
33%;
33
41
,80
-
Apr
May
.Jan
.
55(4
170
33
ll'/e
May
22
10 Va
1,470
49
32%
a317/a a32Vs
__
r;.
2%
;
590
45V2
32 Va
49
/»'•'
26'A May
50
27%
11%
__
\
28
Feb
20
26'A
11'A May
Feb
18%
344
27%
5% May
.•
8% Mar
•?
22
12
52%
52%
Feb
so
a63% a63%
..
4'A
337
;v
al87/oal9%
—
>
125
22 V4
a22% a22%
a2
a2
y/10%
.
377
a9
22 V4
"
'' '
5Ve'
4%
..
•
11%
25
v
.
(Un)
♦
20%
29%
__
—
.
•"
i
1,063
21
15(4
200
..14%;
Jun
Jan
May
Jun
>
.200
4(4
Apr
14(4 Aug
250
15
7%
Jan
18% May
'
30,600
17% Aug
9c Jan
21
10c
a38V8 a38%
198
32%
41% May
172
30% Mar
/ al7%
9c
175
al8 • ■'
9c
a38'A
•
—15
120
-
•_v v6;:
.■>
-
:
29%
6
—10
—
19
5
'
21c
Feb
46'/a
May
37%
37%
Jun
Jun
180
Feb
July
10
122
797
15
Feb
32(4
730
147/b
Feb
23
Jun
Feb
34
May
—
165
24%
24%
165
24%
18%
-31
29
18V»
31
29
18%
31%
29'A
a23
a26%
a23
a27
110
24"% May
/ 28'/a
Jan
27
27
100
247/# May
28 (/a
Jan
:
33 - 33%
a58(4 a59%
262
44
Feb
€2% July*
135
22
Feb
30%
•
_
__
a26%
•
—,
■
.
—
a59
•
a74%
25
-25
Texas Company (Un>_.
% Tide Water Ass'd Oil com
Corp
:—
& West
Transcontinental
Union
-
-
-
V 28
630
30%
25% Mar
377
,
r
83
r
41
22%
25
Jan
34
32'A Mar
9%
150
24
242
Jun
Jun
Jan
Jan
Mar
Oil
Jun
;-35;>
Jun
'
.
'
Feb
1,210
73
\ 69% Feb
Jun
90%
54% Jan
355
Jun
•
> ;
'
11%
—
15
Sep
100
15
Mar
„
.
5
28% May
Feb
V 131
1.7 Va
31'A 31'A
a55% a56% ;
26%
27
" 11 %
11% '
al3% al3%
—
,
16%
50
a23% a23%
15Va 15Va
.17%
\
.
Air
Corp
Lines
Inc..—
•
—25
-32%
5 / ;
—
.
(Un)
Corp
i
10
__
Waialua
Warner
-
80
10%
&
(Un)
26Va
20
Agricultural Co
(Un)
Bank
--
40% 40%
32 32%
a26V2 a26%
al2% al2'/8
3
3 ;
78 Vs 80%
2.75
2.75
10%
26'A
al0%
..>281
V, 75c
6%
$
"6,246
■>;-
Jun
Mar
Jan
Feb
66 >/2
Jun
Feb
32%
Jun
Feb
13%
Jan
19 Va
-
21
Sep
52%
120
i,4io
16%
36(4
v31(4
173
10%
21'A Mar
8
;13% July
546
39 Va July
876 :
2l'/a
Feb
38% July
62
23'A
Feb
30'/a May
30
5
——i—100
(Un)_.
1
U T
1
—
all
>
r
....
75c
'
6%
;•
•
all
283
85c
6%
/
12
Aug
>,
42% July
19
Apr
134
2'/e Mar
3% May
264
68 '/a Mar
82% July
200
2.65
100
26Va
Co»—1
Bros Pictures
Preferred
-V
(Un)
of Del
-
„
•
West
Indies
Sugar common
1
/
(Un)
1
—
7%
Aug
Feb
3.50
Jan
11%
Jun
.
-24
75
Jun
10 (4 July
CO
275
65
848
a
,
31c
4%
1.605
19%
115
a22% a23'A
a7 Ve
18.18%
a28 a26'%
a9'A a9V4
Jun
a9'A
42'A
Jun
Woolwortb
IF
...—10
45
15
Jan
Cab
Co
July
2,500
59
Sep
92
20
34
Western
18Va
Department
W)
(Un)
.
45
45
7%
31
&1V*
—
Stores.——50c
Westlnghouse Elec Corp (Un)
12%
Willys-Overland Motors (Un)
1
32
'
■
'13% May
29
" Jun
Feb
Apr
Mar
32'/a
Jan
14
May
301
Jan
1.80
Jur.
Feb
10
Feb
24% May
Jun
Jun
17'A
United
(Un).
Calif com
Co of
Aircraft
Westates Petroleum com
-
May
2.85
V
;
Jun
,
a74V8 a76V4
—
.
.
25
10
2
Air__._
Carbon
Carbide &
Union
/ Wells Fargo
Jun
Mar
Sep
8(4 Feb
(Un)
(Un
Co
Victor Equipment
May
May ?
25
4,985
37%
(Un)._•
com
1
(Un)———10
'
Western Air Lines Inc
i
268
/'fV
137
16%
—
—1
U S Steel Corp common
•
Utah-Idaho Sugar Co (Un)..—5
Jan
22%
31% May
1.95
a33%
137
Sep
/: 47
713
141% 141%
-16%
,
Corp——i.—,..—10
Super Mold
>
United
Apr
78
1
3% July
1.90 Apr
a33% a33%
(Un)—1
-
May
22
5
Sep
a3
Jan
5% Aug
Feb
a3
19
36
Feb
52%
122
'
Idaho Power Co-_
3%
"1,256
17%
13%
1
;
Sep
1.60 Jan
68%
.
■
118
19%
21
>
Z
Feb
17%
;
... ———
'
'
—/
(Un).
Corp
V Transamerica
May I
13(4 May
Mar
67%
;
'
Inc
(Un)
Maryland
I6V2
4%
a3
a3
_
Corp
Tdaho
——20
*
__
Vr 150
19'/a
1?%
68%
Co
19%
>
4(8
Corp
Motor
Foods
Hupp
•
>137
Sep
us
23,512
Jan
'48
Feb
840
z
(Un)i
Sugar Co
Oil
(Un)__-
:
i.^——1
of N J
Oil Co
McKee
Sunset
.39% Mar
117 5/8 1175/a
vviX'tr-:'
43
—
.
6 (a May
4JA
30% Mar
1,969
lA'
3perry Corp
;
1
a27%
a26% a27%
Spiegel Inc common
2
—
> 10 Va
10%
Standard Brands Inc (Un)—, 25% 25%
Standard Oil Co of Califs——
62% 52%
Studebaker
Jun
65
Feb
17%
17(4
'
4
4%
Jan
42'A May
40(4
>
Feb
15%
169
4(4
4'A
iL—
Mar
24
1,225
a43% a44%
>
1
pfd ■(Un)_*
Corp.—;
Stores
Sep
52%,
43%
——1'
—
United
i
Sep
pfd series A——,'—25
Pacific -Co—>
Southern
v
Y
5% Mar
112
62
•
__
non-cum
1,153
So Calif Gas Co
1
Jun
Mar
40%
1^—100
Ry
Jan
27%t .'J
cum preferred
25
conv pfd
25
preferred./———.T.——25
4.32%
Feb
9%
30
'
Great
32
27%
Southern Calif Edison Co
25 Va Mar
185
'
37% ?
29%
(Un)
(Un)
Motors
Apr
29%
Sep
34%
6%
—.
Goodyear Tire. & Rubber
Giraham-Paige
9'A
Jan
Sep
100
112
f.s.tV
Jan
15 ¥t May
J Feb
29 5/8 Mar
19 '
Mar
1.40
»
Paint
General
*
f-7
27]/a
20
' Mar
a38 Vs
*
'
27%
Signal Oil & Gas Co class A.———*
Sinclair Oil Corp (Un)
•
Socony-Vacuum Oil
(Un)
15
Soundview Pulp Co—
5
July
280
-
13 V.
a
37(4
-
•
,
50
128% May
103%
50
10 Va
28 Va
—10
ioo
~V.
236
00
Sears, Roebuck & Co
Shell
Union Oil-—
103¥4 Julv
10% al0%
6Va
6%
Jun
91%
18
1.55
34%
34/
v
47%;./
(Un)
General Food Corp (Un)___
General Motors Corp
V;-
14%
a7%
Jan
12
4% Aug
12% Feb
364
Safeway 'Stores Inc—.........6
San
Mauricio Mining
P 10
Jan
14
•
17%
mrttm
13
Standard
;
500
1
28%
33%
25
Ryan Aeronautical Co
10% Jun
9% May
29%
28 V2
(Un)—100
'
Apr
—
1
5%
■
Riverside Cement Co class A
15%
1
lO'/a
5
30Va
Corp
Roos
10
'
Apr
14(4 Aug
580
27%
I
Manufacturing
Rheem
Jun
47%
iii
29(4
Feb
Aug
-
28V2
•
May
4
in
Apr
10%
14%
1
July
28%
3%
27%
5%
a7%
-
-*
-
;.>■
48
a44% a44"%
a42%
50
150
13%
30(4'
•
'.u■;
t
25
a
aJ
Jun
..
Republic Steel Corp (Un)
Reynolds Tobacco "B" (Un)
3% May /
Mar
99
5
Apr
41%
—
.—25
21
10
10
68c
Feb
27%
r1'.
1
38 Va Mar
•
(Un).-—
Emporium Capwell Co *
Eureka Corp Ltd
—
Farnsworth Tele &. Radio...
Apr
2V4
44
15
of N J (Un)
Corp——'
& Share Co
Feb
Mar
common
147
•
...
common
Kodak Co
.Electrical
Electric
Co
Incorp
495
a99'/a a99Va-
Dominguez Oil Fields Co (Un)__
39C
27%
5%
—
—'
—;
44
7%
5
300
250
'5%
'
//
Jan
40c
13%
..
—•
—
(Un)
23 Va
1
—
17%
100
-■
a29Vaa29%,
__
of America
Corp
*
28
25% Aug
1,731
a26 a2834
291-2
D1 Giorgio Fruit Corp class A com...5
Doernbecher
3 ('4
*
(Un)
(Un)
Classs B
3Va
•
....'.
Corp
Jun
50
/
32%' 32%
—__
Preferred
20% July
•
Curtiss-Wright
Radio
62% July
13 Va Mar
1
Curtis Publishing Co
Feb
20 % Mar
1
5
Jun
10
:././/
11/
11
5%v
.
100
(Un)—:
?• 42%
a447/a
Inc
Aug
27
33
Un)'
S & W Fine Foods Inc
Corp common
Jun
85
Feb
1,027
Puget Sound Pulp & Timber..
Pure Oil Co (Un)
-
.
$4.20 preferred
2nd
Mines (
Cons
Utah
> 23 Va
15
(Un)
Amer
Zellerbach
44
17
Sep
17%
34Va
Rayonier
170
a26%
*
A
(Un)—♦
Feb
57
337/s
Jun
1,340
•"
15
195
4,028
65%
Mar
a23% a2334
.
177
57
34'A
Sep
19 Va
314
25
—
Chemical Ind
Consolidated Edison Co of N Y
1^
—
13% May
34
(Un)
•
Ry Equipment & Realty Co Ltd pfd.100
28
•/.<
18 V4 July
Jan
15%
8'A
Va
Republic Petroleum Co
—
Jan
Feb •;
57
40c
tun).
Pennsylvania RR Co
(Un)
Phelps Dodge Corp
11% July
19%
__
11%
4V4
37
19%
28
•
12%
300
■
a21% a21%
32%
•
Pepsi Cola Co
1.95 Sep
44 % Jan
Apr
37'/a Aug
:
Consolidated
Co com
Jan
Jan
"
10
Colorado Fuel & Iron common
Preferred
Motor
40%
9%
•
2.
6% May
Sep
Sep
•
HVa
__
100
....
51
a37%
2.50
Service
com—
Feb
33%
a347/a
10
Jun
13'/a July
22 >A May
11
—
..A——L.—24V4
& Tel
-'. Apr
2.25
.>
•v
21%
.
34
com—
28
'
preferred—_—_100
;; 6'A
450
Jun
Feb
18% Mar
450 V
10Va
10
8%
,
Jun
20
15% Mar
ioo
190
Jan
65
Feb
15%
(Un).-LlO-
47
100
1.55
c
ctfs
HO
':■■■
6 V4. ' 6'A
__
" "
Phillips Petroleum Co.
Voting trust
Chrysler Corp
:
48 % Mar
14%
17%
May
7 Va
51%
.1
Service
preferred
Packard
'
Common
;
;
.
common-
1
2.75
al434 al434
a37%
'
a21%
-25
2,189
"
Mining Co
1
Chesapeake & Ohio Ry (Un)
25
Chicago Milwaukee St Paul & Pacific—
a
Jun
51c
Jan
405
all (4 allVt
3 % Mar
39c
Aug
6%
82
177/a
al6% al6%,.
25
^
38Va
2.75
37Va
Eureka
30
Jan.
Mar "
%
pfd
(Un)
Public
Tel
25c
4%
Called stock _l.
Pacific
18c
4,100
7%
17%
10
1.15
1,200
31c
Jun
657
54 V4
.*
.......
preferred
Preferred
•
May
5%
a5G '/a a50'/a
al4%
2,250
25c
:
a55Vaa55V2
"
>'■
—25
1st
(Un)
Pan American Airways <Un)—
Paraffine Companies common
•
2.60
25c
.—25"
5%
Sep
59
,
175
5% May
5
preferred
1st
25%
1,705
25
com
Pacific Portland Cement com
41%
70
'
Caterpillar
Jan
50
Jun
%
37%
26 Va
3
a31
al7J/4
—
Gas
Apr
30
4 Va
a50%
(Un)__*
class
May
-
5
Pacific
2.75
Ink
Pacific Trading pfd
Jan
25
a4V«l.
__
—5
:
a52 Vu a52Va
Art
California
34 >A
1
—
—
Jun
Feb
7
California
Mar
—15
4%
5%
Feb
31
a55Ve
20
—
29%
„
*
Jftn
7%
v
,
Jun
-
Can
Pacific
Calaveras
17%
7%
*
Feb
29'/a
13% Mar
7Va
•
*
Feb
29%
Jun
"
14%'
27c
pfd__100
—
3
♦
.
May
19'A
14
a4'/4
1/
"A"
Rights
37% Sep
a20% a20%
•
31
Aug
„
•
23
225
Mar
15
a31
1
....
10
41%
24
43
29c
•
(Un)
4,022
a59 a59
410
(Un)_ 10
3%
a59
28 V2
.
(Un)__—100
3%
41%
—5
& Sullivan. (Un)—..—2Va
Jackson Co
—*
28
al4% al4%
-
al9 al9%
5%%
a25 Va a25Va
IP
Corp
Hill
May
•
910
33/4
20
(
(Un)_10
(Un)
12%
6 Va
24 Va
Jan
5
12%
12%
.
(UnC
Borg-Warner
Bunker
pfd
(Un)_—
b%
Bishop Oil Co..—
2
Blair Holdings Corp (Un)
1
Boeing Airplane Co/<Ub/.——.S-5'
Feb
16
2.25
common
"B"
Pacific
Pac
,
Bethlehem Steel (Un)
Apr
14
150
14
•
Railway
Co
Amer
Pacific
Apr
12(4
10%
100
16%
2.60
4.
Aviation
Pacific
v
1
(Un)
Paahau Sugar Plantation
May
—-
23% May
22%
1
Corp
Co
July
50
34'/a
20c
..A—5:;
H4
Sep
8% Feb:
16Va
(Un)
Invest
Class
Jun
155
10V4
a9 V2
.
15%
*
22%
28%
•
Onomea' Sugar/Co (Un)——.20
Sep
:
305
300
Jan
a9V4
1
American
-Oliver United
May
May
May
a3L % a39 '/a
„
Jan
35 Va
10c
(Un)
Prod
American
Northern
Occidental
24
5%; Sep
-4% Feb
100
14%
25
Feb
'
10
North
//.Ohio Oil Co
al5Va al5Vs
>"
5
A-/./—
Corp
1434
——100
(Un)—.
i——i—
Aviation
(Un)
com
A-
N
Co
13
Co
Corp
American
Pacific
Baldwin
Aug
32
100
_L—:—
....
—
Fibres
Service
575/4 Aug
15
Feb
190
20
100
25%
Co
North
.Max
I Jun
''
520
Linen
North
Jun
32(4
/
Sep
20
325
34
15 Va
25%
(Un)
Cement
Distillers
40 V2 May
•.> ;
Feb: /
28'/a May
*
56
5%., .5%
6% ; 63/4
155
Mar
,
31
410
9%
.
L—
3
,
49%.
50(4
Apr
20Va
.10
Natomas Company
N Y Central RR
(Un)
16% May
Jan.
143% Mar
20
59Ve July
51
-
/ al4%
18
...
Lode
Portland
Auto
Nat'l
Mar
12% Mar
1,207
28%
9'A
'•': •
5
Engine
152%
a36 a36%
29
5
.
49%
a36
20
(Un)
Atlas Corp
/:_>/
50
California National Bank
Armour
a
a68(4 a68Va
*
:
151'/a
a
14
Anaconda
Co
al52%
July
34
r:,
.—.5
(Un)
4(4 May
10
v
5l'/a
95
High
Feb
44
L
Cons
National
.
American
Inc
Co..
M
Mother
National
Jan
V; 26'A May
Sep
V 1% Sep
215
„
a55 a565/8
&
Nash-Kelvinator
Low
%
Mfg
M
&
Morrison-Knudsen
Range Since January 1
3y»
::io
Co
(Un)
Light
&
Shares
43
15 Va
v
,
*
(Un)—;
Montgomery Ward &
for Week
.
J
Monolith
a22
Min
Inc
Foreign
Amer
Low
%
(Un)
Gold
Airlines
American
Range
of Prices
Co
Robbins
&
Mindanao
.
-50c
Co
Juneau
American
//.■•
i
.t
Corp
Reduction
Alaska
>.
M
Sales
Last
.
Sugar
(Un)
Meier & Frank Co Inc
Exchange
Sale Price
stocks—
;■
■
215
520
20%
.K*9%
1
*
,
Navigation Co
McKesson
.
Week's
—7
—
Corp.
(Un)..
Calculating Machine
5
(Glenn L) Co_^—i._._l
McBryde
Friday
55%
44%
—
.
Low
.
44
h..
'•
Range Since January 1
High
55%
,.
20%
^-1
Shares
.
-
San Francisco Stock
Low
'
.
___10 V.
Inc.
Marchant
Martin
-
—*
:
(R G)
Aircraft
Inc
;■
—
Libby MdNcill & Libby
Loew's
Teletype NY 1-579
ANGELES
;
HONOLULU
LOS
-
-
Co_
Lockheed
J,
STREET, NEW YORK 5, N. Y.
Telephone BArclay 7-4300
_
Salt
Le Tourneau
t
(Un)55%
—l_!
5
Co
Langendoff United Bakeries "B"
Leslie
MEMBERS
and other
for Week
Corp
Kern County Land
-.1
Honolulu Stock Exchange
Sales
Range
of Prices
Par
Kpnnecott Copper
Exchange
Week's
Last
Sale Price
■
STOCKS—
PACIFIC COAST SECURITIES
New York Stock
I
17
■,
&
3f
EXCHANGES
WEEK ENDED
■''■"I
Dean Witter
(1175)
260
16
170
;
25%
50
;
'
8 Vs
45
314
Apr
10'A May
Mar
22'A May
33 '/a
Jun
Feb
11 %
May
Sep
49
Feb
•"
Yellow
common
—
1
'
—
>8(4
8%
T
400 "
8'/e Aug
11
Jun
Jan
,
,
40
COMMERCIAL & FINANCIAL CHRONICLE
THE
(1176)
LISTED
CANADIAN
Montreal Stock
,
Canadian
,
,
MARKETS
WEEK ENDED -SEPTEMBER
FOR
RANGE
17
Friday
Sales
Range
for Week
Sale Price
STOCKS—
Week's
Last
Exchange
of Prices
; :Low
:
v,":
.t
7.
.
,
Abltibi
Sales
Last
-p
STOCKS—
Week's
Range
of Prices
for Week
■■'
.
Sale Price
Par
•
-
.
5%
Range Since
Shares y
/■ 7/
High
u
High
19% May
21 Mi May
20
100
8
46%
7% Mar
—
8
45
10
•
450
33% Mar
56 M2
Api
58
587/a
2,260
Feb
65 M*
Jun
17% Mar
1,035
5
16%
270
7;7
Feb
?
Jan
100
15
___40
7%
'
'/
■
i
Car
1
—
Aluminium Ltd
Aluminum
Anglo
of
Co
Can
Co
Tel
Can
Argus Corp
Warrants
58%
*
Ltd
4%
pfd
pfd
4M2%
25
50
25%
34 Ma
34,
49
!
•
American
3%%
Bank
Note
Oil
Co
40 ;:
21%
506
19%
19%
1,499
17%
17%
23
25%
195
89%
89%
Co 4% pfd—100
Cmumbia Forest Products
•
British
Columbia
Pr
Corp cl
British Columbia Power
Bruck
—
3%
*
A
42 Mi
42%
5
.40
3%
Ottawa
Apr
5%
V;
•
48%
'
Light,
0an;,
49.
Sep
96%
1,180
2% Mar
"2M$ Mar
com.
;
;
43
;
of Canac
30
33%
27
21
Feb
36
33%
270
28%
Feb
36
St
'/ 52 Y May
-1.983
-21 %v '
"15%
Feb
100%
20
50
44 M4
15%
44%
•
,
*97
16%'
J.Y
.
..
«<-. 97'
16Ma
-
,
103
17
300
15% May
5
18%
45 Mi
Feb
17
68
$1.30
preferred
New
common
4 Mo
100
2nd
;
Lawrence
Paper
1st
2nd
98
25 M2
—1
July
18
July
25 M2
15 M,
15
■r'V 375
—1
47
45
.
47
■
12
Series
A
Sherwin
Canada
>*»••••
f,
'
Canada
'Steamship
'-v-v-
-
v;!<
4 %
com
28
Jun
630
.
of
50
com....1"
25
185
28
240
27
Jan
30
Aug
550
12
Jail
14 Mi
9 Ma
14%
9%
Aug
Jan;
100
5ft
preferred
Canadian Brewerlet
5
1,066
.yvY 37 7 37
110
V/V
12
50
—;
100
* v
'
12 12%
—
v;,V 1'
common-————*
:
—
20%
"'
20
20%;
"Mar
9
11
101M2
98
Mar
11
Mar
14
42
Jun
17% Mar-
23% Jan
preferred
*
common
47
;
■
ClasaA.r—————————,——20',7
Canadian Celanese common—"———l*
Sl.OD
\
47
990
12%
13
375
—
'• 16
■■;
34
75
16"
Feb
47
15
Mar
1%
'
series
Cdhadten Converters class1 Bj-.u-..--*
Canadian Foreign Investment cl--—*
9cr
22
22
15
31
15
7 31
Canadian Ind Alcohol class A---—13%
Class B
•
Canadian- Locomotive
23%
Canadian Oil Companies
Canadian? Pacific-Railway.i.-;.w---_25
Mar
12
Jan
23
Aug;
Ranks—
& Worts..
1
13%
10
Mar
14% May
Mar
13%
Montreal
Apr
30
Mar
-5
Jan
80%
Mar
..
11
'
•
^93
165
.
Mar/
•
25%
...
8*j» May
■
;
-
17% Aug
225
.
31M2 May
25
Jan
>•
34%
Apr
»»%•'
25%
26M4
20'%%,,
125
> *.2'
~tf&8
1(21%
^23
.jAilg.
21
361
■-
Jun
20
•
Mb
yF«b
Jan
Jan
Jan \
28
,
Jan
Jan
22 M,
25%
.
20
Nova Scotia
13
13
11% Mar
15
'!$%
16%
Cockshutt^Plow;iff
17
129/a Mar
10
10
Y
.3^/2
34 Ma
'f Is
Royal
^37 M4; Feb
33% Aug
23% Mar
/ 85
21% May
167/* Aug
—
Consolidated
Consumers
Mining & Smelting-
Glass
:
Leather
Co
113%
/lis
—
35
35%
32
Mar
38 M2
35
35
35
33
Mar
37 Ma May
*
22 ''
22
22
22
Sep
"17%
28 %
18
16% Mar
29
27
Feb
20%
21
16
Feb
21%
247/8
24%
24 Ma
Apr
26
Jan
—
class
A—
25%
25%
23
Feb
28
Jah
114%
Distillers Seagrams ••i-—_—
Dominion
Bridge
17%
»
1
Dominion Coal 6% preferred
Dominion Dairies 5% pfd
28
Glass
common
33«/2
preferred
—.1
Dominion Steel & Coal class B
Stores
.7%
preferred
Dryden
34
Ltd
Gypsum
Lime
Hamilton
Holt
Renfrew
*72
inc
1927
__
Lake
of
*.
Laura
Secord
Lewis Bros
Lindsay
London
(C
W)
-15
11 M»
Jan
17 M2
VY-Y.y
Steel
17 M*
Sep
20
108
2
Mi Aug
4
i
i
Ltd
15M2
125
14
Feb
102
30
101
Apr
52 M4
125
50
Jan
16
240
13
9%
91/4
225
6%
47
125
44
49
593/3
90S
49%
High
Jan
1,575
9
20
925
15
12%
2,275
10
7/
Sep
13
Mar
*
23a4
Jun
13%
Apr1
y,
Jun
I.
17Ma
16%
17%
1.00
1.00
1.10
13
12Ma
13
v
25Mi
25%
360
22%
22%
85
_
30
r
8
22-
8
12
,!;r
10
35 M2
Co
64
12%
45
46
.
12
23%
5
-
1.95
14
Jun
Jan
Jan
34
Sep
cum
,5%
14% Jun
225
-
50
48 Ma
-
33
33
/
Sep
11%
Feb
5
1,510
6Va
115
78 Va Mar
,
2,723
.48
'
3M2 Mar
16,846
•
19M4
5
Jan
Jan
Jun
7% Aug
14% May
15% Feb
20 M4
Jun
100
44.
Apr
50
Jan
110
33
Sep
37
Jan^
*
1334
Aug
12 V2
13
13o
-9M2
__
9M2
175
10 M2 Mar
205% 205%
21%
100
21M4
"
162
4
Jun
225
Mar
Feb
;■18
TJun
24%
i9% Mar
965 "
^
172-^172
—
12%
;
Sep
14
170
11
8% Mar
205 M2
6
16%
22
16
y
v
Jan
l7q.
Jan
Jan
76
-t.
■
35
35
y':...2;y
*.
Canadian .Vickers
Jun
•7Mo
.•
-
■
Ltd
*
Jun
Claude
Sep
106%
Jan
39%
Jun
450y
1.45 Feb
\
Y'_
23%
23%
1.50
10
i
158
-.
Mar
!
•
"425
4%
~•
Y
712
'
182
4M4
-178^
-
;
49
29M«-2?%r
> i2%
13%
130
100
49
/ July
'2% May i
v3
14
Jun
25
Jan
43%
,
Jun
'•4i,r
182
-Feb
3 Ms
"*•-1,360
y
—
.•
:
•
20M2 Mar
4,050
31
Co.—.4M4.
• /
40 Ma
>
Apr
Mar
>
22
5 /
v;y\
cum-preferred —-100
Canadian Western Lumber
Canadian Westinghouse Company.
77 /
Sep
Mar
■>"-.2.;.»-: '/v; 2
- 2 yyv--10M4
10% -10V4 ;
" 35
■
common—25 M2
Jan
Jan
8
145
2%
y"yyi
Jan
61 M«
100 Ma
36
35
2.?
.
-
Tl"
76
IOOM2IOOM2
._
Apr
..
-Sep
,/.4% May
Feb.
38
49% Aug
Feb
30
Jun
14
25 Ma
Catelli
•
.
Jun
32 ya
Food
Chatco Steel
Neon
Products Ltd
common—*
29%
2
Products; common..——*
General
>13M2
*
i
Advt pfd
—
58'M2
58 M2
67/a
44
50
13 M2 Mar
•
15
14 M2
46
16
25
__
12 Mi
12 Ma
100
27
Feb
V Jan
8M0
14 M4 Mar
12
'12
Jan
a
Mar
21M2 May
17% Jan
16
Apr
18
7Ma
7.
Jun
Div
5
1
Standard
Sec
Consol Textile Mills Ltd 5%
pfd
Cub
Aircraft
Corp
Ltd
—
Dominion
Engineering Works
Dominion
10%
10 V2
375
9
Feb
8%
8 %
8%
550
5
Mar
22 Mi
21%
22 Ma
4,971
16
Mar
13 Ma
13 Ma
13 M2
865
9% Mar
60c
—
*
•
20
28
19%
—
•
■
120
46 M2
Apr
3%
F'eb
•
*"*
166
6%
135
60c
T-t'"'
^
/'
35c
-
Apr
Mar
May'
13%; Jan
10"
'Apr.
7% Mar
1,300
„
.
9M4
9
t
—
„
*
-
Consol-Lithograph Mfg Co Ltdi—.Y
Consolidated Paner Corp Ltd
Oilcloth
*
10%
A
•
IIM2 Mar
.
65.
Aug.
'
'-7% Sep
/9% Sep
60c
July
f
20
45
Jan
26 Ma-
28
19%
19%
14% Mar
21% Mav
18
18'%
175
16
May
18% Aug
55c
300
40c
Aug
95c
41
25
33 M2
Feb
43 %
33
Feb
39%
20
Jan
23*. Mav
/
5,657
28
Mar
Aug
12 M2
preferred
Consolidated
26
9M2
58 M2
100
9M2
Jan
Mar
44
•
Apr
12»/2
—_100
A-•
13%
44
McColl-Frontenac Oil
11M2
,18
preferred.——.
cum
53
Mar
16 Ma Mar
•
20
■*
12%
'//Canadian -Power At. Paper Inv -comy-i*..
Chateau-Gai Wines Ltd
15
Massey-Harrls
16M4
5
pfd——100
Co
Jun
275
'
Sep
19M4
•
i.;
27
23
200
Jan
13 M»
12 May
'
Rand Co Ltdi—•
Pr
16%
Mar
19M2
•
Sc
Jun
27%
•
J
Jun
19M2
15
>
13
common
common
preferred
70%
27%
•
14M4
3
4%
4%
50
39%
Mar
19%
»
:
13
i
10
13M4
109M2 lllMi
__
Canadian Marconi Co -v—i--—1
25 Ma May
11% Mar
■
Jun
15 M2
.*
A
Canadian Inter Inv Tr 5%
Jan
10 Ma Mar
:
16
.
-
■
.
19 Ma May
92
39
;
July
4%
-
Ltd—8
Canadian >Ingersol
Jun
Aug
11
100
10
*13%- 13%
.
Commercial Alcohols Ltd common——*
: 12
Jan
5M2
Electric
29% Mar
1,786
7M2
'"5
Investments
Gen
Sep
Mar
300
"I
''•
—
Products
46
20
12%
23%
<■
7%
,
A
Food
Canadian Industries
July
53 Ma
25
/
8M2
6% Jan
Sep
Sep
8
7,302
12lA
12%
Sep
21
818
12
Jan
f
common
Vinegars Ltd
,t<'Jan
13M4
__
1
class
Sep
163
15 V2
/
>
Ltd.—
Ltd
162
Sep
6
_*
Ltd
Malting; Co
Apr
159
5
'
____100
Sugar
Packers
Canadiaii/General
Jan
49
Jan
*22
/
2,565
63
1
155
17
-5
8M2
•
Dominion
Canadian
9% May
35 Ms
85
120
35
12%
1.__-
...
Canada
Jan
225/a
ft '60:
63%
12%
A____*
5
159
8%
__
„
;
class
—
Canada
May
100
Feb
24 M2 Mar
25
35 Ma
*
Feb
Mar
1.00
900
85
30
■■
Canadian Silk Products class A-.
•
•
17
Mar
14
5,608
136,867
23%
22
y
ifoar
162
159
i
100
jun
52 M2
Jan
43%
.
i601
25%
..
■
4
f 162
Ltd "B"_*
common
Hosiery
&
Canadian Lt
18
j
100
25
__3
Low
13
18
*
common
....
Ltd
Canada
17% Jun
105
Mar
•
page 44.
i'A'
•%
Packers
Company
Preferred
Canadian
8
(John A)
Class B
Range Since January 1 >
-
12M4
12%
_____^___100
Columbia
Brown
Jan
2M4
47
common
MacMillan Export class A
Shares
*
High
11%
•
__
•
preferred
Burnett
Jan
52
__
5
class
12M4
Jan
-Apr
23%
;
see
'
c
British
Jan
102
1
140
com
Ltd
•
—^..-5
Limited
y
Butterfly
17%
100
100
....
For footnotes
Ltd—
;
18% May
24 Ms
Mar
102
*
Mills
-Sales
of Prices
Low
Belgium Glove & Hosiery Co of Cda—*
Brandram-Henderson Ltd
1
0
Jun
15 Ma Mar
19
34 M2
•
Ltd
Hosiery
Works
Belding-Corticelli
May
16%
2Mi
25
Ltd
Jan'
for Week
Range
'Sale Price
•
Par
Bathurst Power & Paper Co
July
23%
100
common
Woods
Lang & Sons Ltd
Atlas
)
18% May
17>4
'
50
(John)
the
145/8 Mar
16%7
34 M»
International Utilities Corp
Labatt Ltd
Glove
19 Ma May
100
....
Ser
29
16% Mar
34 Mi
Power
Public
■ • -
"
13 ya May
25'/$ Jan
•
com...
International Nickel of Canada
International Paper common
International Petroleum Co Ltd
Jamaica
Mar
_ioO
—L_
common.—
Bronze
^5%
"
Week's
Last
•
Anglo Nfld Develop Co Ltd
Jun
18%
15%
Indust Acceptance
Corp new com....
AVa% preferred
—.........100
International
i
#"V'
19% May
26Ma Jan
170
35M2
,
preferred
35
Feb
52
Imperial Tobacco of Canada common.5,:
4% preferred
25
6%
Jan
14.
..
•
International
"
STOCKS^—'/'">•
1%
103% 103%
*
;
Ltd
Coal
32 Va
16
2M*
50
*
pfd
Canadian Funds
Friday
''
"i
'
Jun
Mar
15
17%
—100
—
Intercolonial
'
'tt„
Canada
preferred
Hudson Bay Mining ft
Smelting
r
38
23%
*
common.-.
Paper
oil
Feb
26 M2
i63/4
16
*
$2
Imperial
165
30
26
__
•
Alabastine
7%
I68M1168%
*
Bridge
Howard Smith
YY
22% May
33 Ma May
Feb
„
loo
pfd
■
^^s^i^lllintreaillihrh Harket
Jan
Brewers & Distillers of Vancouver Ltd_5
common—.........»
&
u%
11
26
*
..
^5ft preferred
>5% preferred
Goodyear Tire 4%
23
20
General Bakeries Ltd
Wares
1,946
rr
Jun'
Jan
18
—
1
& Heating
Products
Famous Players Canada
Corp
Foundation Co of Canada.
Steel
23 M*
11%
11%
_100
„
Enamel
General
16 M2
*
*
—
Power
26
25
'
Eddy Paper Co class A preferred
Gatineau
34
16
16 Mi
*
Corp
33%
,
25
Paper
Electrolux
331/2
23 V\
__20
common.
—
121%
Acme
7ft.
Dominion
91% Mar
24%
'
35
'
Dominion Textile
%
25
Dominion Foundries <8p Steel
Dominion
24%
Jun
—
fi.
*
1
Ltd
Feb
•
———w.
Crown Cork & Seal Co
DavLs
■
11
9M4
23
July
Donnacona
Sep
July
Eastern
16Mb May
Federal
&
Paper Co
Steel
Ltd—
Linoleum
Ltd
Products
Ltd
Grain Co 6Ma%
pfd—
Fleet Manufacturing Ltd
VY
50c
*
41
t*
/
•
•
'
-
21M2
7%
•
38M2
38
Y22
*
100
50&-
-7%
__
2%
,
"22
-
y
8
101
101
2 Ma
2%. Y '
•
>
:
•
,
350
375
100
,
27Mi"Jtfly..^-'
AC ;>«
22 M2
.10
*
'
tiiNifi
'25*4 V
20 %
C:
Z&MpW;Feb^ 't. ?28;V f July p
595
■■
■■/■■b-i
.10
.
..
!
90 >;Yluh,'r
>>'
«-Mar
24
"~665
:S5s-40*-^40=->:?-'''
-10
-
Jan
*:■ '■
-
,
;>^9%*Mar
155
26% £ >^26<23y4v18 Ma
■
■'
Sep
Sep
.<
•
89%"'"90%
^27..''. 26%w- ~-W-.
*
Commerce
10
ij.20%Mar
72,'.
"T60r
105
fP. 'a May
;
9:7
-Feb
,
JUn
p20 ' r: Jun
'
Sep
'67
*>•
• ;
common
16 / May'
Mar V
83
47:
'
Jun
Ttl%
jFeb
£
90%
Canadienne
13 */a
23 23%
16 Ma
89
r—'.
16tM2
'I-:.'-.1-!.:-
15
Sep
30-May
26%.Mar
13
«
,;'-7 %
preferred
13
13 Mi
—•
—
21
Zellers Limited
5%
.100
Apr
'
Apr
'
Winnipeg Electric common—.
AUg
,
83
160
Corp..
Walker Gooderham
July.
40
—
'
.
Feb
35 Mi Mar
—
'
58
39
82
<
80
preferred.i.
Wilsils Ltd
82
38%
—
25
7%
Wabasso Cotton
18% Jun
.84
I
■*.
Tobacco
98
405
-83
i:
common
Julv
liy2 Mar.
I
40
60
preferred
Tuckett
Jun
81%
;
105
~
Sep
15
9% Mar
39
$2
,
^L75 series
.
45
—
v
.*
100
...
Jun
49
T2_ Mar
900
—-
Steel Co of Canada
United Steel
Cahadkwt Bronze
Capadian^Car dt Foundiyrcomwonsr^*y
15%
Standard Chemical common
Jan
5%
2,457
•
Southern: Canada Fower" Y—.1.
Mi May
35% Mar
/
;
Voting trust certificates
Simpson 4Ma'/o preferred
27%
5
common..
n Sep
•'a2.7
'
"
Aug Y.
i
to
23%
44 % Mar*;.
iY .22-/Mar'
240
47
^
Canada
Aug.
Sep
/',1*• YY■>
20%a»KI/
3.498.
-
31% July
Aug
.40% Aug
80
,
^930
22 Mi
prefeiTed
Williams
Sicks Breweries
May
14%
7
'
,
22
.27
.
'AUg
25
^
Mar.
,11 / - Sep
15M2
525
Y
Y04^Y':.|;.85:-84%Y;
..99
101
Sep
.24% Sep
/;■' ?
Sep
147/a Mar
978
.
"•p 27 /;■ Mar
Feb
Sep
10V2
200
?9->29
^
26%
98
?
30
,
10%-
I
"
Co—
Shawinlgan Water ft Power
.
6ft
pfd-;
10
Northern Power Corpi—J—*
Safeway Ltd 4M4ft pfd-i—100
Canada
21%
Jan
loo,,
>15% Mar
206
$8
24%
15 Mi
"29
preferred
27
r
10%
Mills
preferred—
*
98
uliJ..49
preferred
Flour
New
com...
•
27
)
....
pfd—
Lawrence
St
27%
20
Canada Iron Foundries
21
21
Aug
May
93 Ma Mar
,
..'485
„
Caimd* Cement^ commoni-—•
Apr
Jun
39
Feb"
11 :
55
.
Sep
Feb
'37
.185.. ii
-
Aug
-54% Mar
1,035
h
60
44%
*"21%
Sep
29
415
15%
89
.
28% May
187a Sep
Mar
Jan>
37
15 %-■
...
~-•
-100
Lawrence Corp Ltd new
New 1st preferred..:
St
July
—
34
17%
—
May
Sep
July.
33%
Dredging
Jun
26
25
101
44%
.♦
common
:
Paper
New
33%
Gold
Anr
""13
-Mar
,16
232
37
37
•
preferred
Rolland
Jan
•
Bulolo
45%
,
t
Mar
23=*%
40*
101
-*
May
BuUding Products ...———————_*
'
18
245
43
19%
Quebec Power
4M2May
27% Sep
3 Ma Sep
24% Feb
:: Jan
10% Mar
,
;.716
;.
18%-"
43
,
Co.,
River
4%
27 Mi May
125
-45
'
Tubes
Power Corp
Jan
19
24
308
75
2Q1' ?
24
J8M2
preferred
Regent Knitting
25
3%
•;
.
23..
48 %■ '
a.
Rwys
Heat & Power
Powell
22 Ma May
Feb
26 M4
Sep
Mar
Jun
20
3%
49
41% Mar
260
.11
' 23
23
24
Products
Page-Hersey
Jan
20 Mi
3%
-
174%
,16% Mar
Jun
37
902
.
42%
11
•*
Electric
22% Sep
7
Feb
25%
25%
Corp cl, B—*
Mills
3%
Mar
17
:
1,320
25%
160
25
22%
25%
—25
Steel
Ottawa
29% May
17 Ma Mar
181
172
—
Ontario
Jun
66c
Mar
Ms May
45
49 -1
39M4':-
common
Price Bros ft Co Ltd
227/e
>
7%
24 M2 Mar
21'%
British Columbia Elec
British
30c
169%
♦
preferred
cony
100
May
18
!
Corp
Ogllvie Flour Mills
Feb
49
Sep
537
19%
•
common
25%
5% Mar
26
—
-
Amer
44
60c
170
Telephone
100
Brazilian Trac Light St Power—.—*
British
215
25%
—
Bathurst Power ft Paper class A——*
British
15
7
60c
Asbestos Corp
Bell
44%
38
-Y-Y
Mar '
Jan
9
Feb
24
568
25%
6%
6%
,
43
High,
v
Feb
.
14
•
:
•
Noranda Mines Ltd
25
44%
—
•
common
.
Low
„
.
15 -> 15
'
Agnew-Surpass Shoe
Algoma Steel
'Range Since January 1
.
: *
25
^
Drug & Chemical .pfd
National Steel
V:;
49
>
common
preferred
National
21 Mi Sep
101M2 July
' Y
'.
National Breweries
34
.
*
;
:
-
100
21
Locomotive
High
'
*
'
12% Mar
2,957
Ltd
Montreal Telegraph
Low
—
■
—*
A
Breweries
Montreal
——.——100
class
Sugar
preferred
16%
20 V> 19 '/a
Molson
17%
20
21 M4
Paper common———*
$1.50 preferred
;
,.-20'
Acadia-Atlantic
Low
■
17M4
Power ft
Shares
Funds
Friday
.
Monday, September 20, 1948
^
y
6M2 Mar
40
95
July
2,225
2
Sep
10 V8
101
3%
Jan
May
Jun
May
May
Jan
.
168; Number 4735
Volume
I
COMMERCIAL &
THE
CANADIAN
FINANCIAL
LISTED
RANGE FOR WEEK ENDED
Friday-
Week's
Last
STOCKS-
POr
'
/
Ford
Motor Co of Canada class
Prater
Companies
Great
Lakes
Class -A
-
I
'
Halifax
co
preferred
Ltd
Hubbard
(Frank
Felt
•
Foundation
6#
621
21
Jan
635
42%
Feb
62
16
Feb
20%
Jun
42%
;75
41
Jan
45
(Alired)
Lowney
•"
10
10
8
-
•
,
s
Jun
27
5
10
5
8
Low
{
5
100
5
32
7
5
Jan
Mar
8%
Jun
Mar
52 %
Power &
,$1.50
Jan
9
Paper
&
•.
Massev-Harris
Co
Oil
Melchers
Distilleries
conv
Power
61
N- c
Ltd
2nd
Purity Flour Mills Co
Preferred
Reliance
Russell
-.?•
Sarnia
*
"
'.
■
:
:
j.-..
Jan
1.00
1.10
3,025
1.00
Sep
1.10
20
1,545
A
21%
20%
21 %
5%c
5%c
6c
9
*
24%
24%
110
tJ
110
'54
Feb
25
65%
27% May
Feb
75%
Yellowknife
10%
Jan
110
2
5
155
5
Sep
110
27
107
May
111
54
45
52
Mar
56
109 % Mar
11
100
10
50
10
50
17
17
250
•30
30
25
17'%
250
17
'JL
14%
July
Jan
10%
Feb
-
ii
17%
111
-
50
17
May
16 '
Feb
11
Jan
Sep
:
53
i.
110
—*:
h
Steel
Aluminum
Mines
Band-Ore
Co
Apex
»'
i
Arjon
19
May
Ashley
Sep
Astoria
13% Aug
■-A*.
"
•
39
39
300
"
14%
Feb
115
Feb
15%
15%
12%
12%
13%
<34
-.Jan
42c
22
May
May
Jan
39
39
.8%-Jan
25
Feb
peb
23
'J-
2%c
~
12 V*
150
13%
2%c
35
-"25
—
342
-9 ^"
■r
X—X
13c
Ltd-XIXX
Mining
Denison. Nickel
Dickenson
Dome
9%C
Goid
Mines
El Sol
Gold
Sep
Sep
July
>
Aug
12%
Apr
13%
•?'^r'y
r
_1
Jun
Sep
59c
^.''V
;
Goldbeam
Goldvue
'Heva
Gold
10c
Cons
Oil
&
Quebec
8c
Mar
13 %c
class
A__
•
July
22c
6%c
i
.
5c
lrBOO-
^2c
5',4
2,000
-
6,000
c
j '■
2.78
2.78
_
I
.
2.85
•
Bank
of
Barcelona
Mines
•Bates & Innes
400
Beatty .Bros
Bell
*
:
May
1.09
,4%c Sep
Bevcourt
;
Mines
*1
Ltd."
Jun
Red
1.65 Mar
3.50
Mar
7%c
2c
2%c
8c
11c
2,500
11,200
20c
l%c Jun
Jan
•Rtadacona
12c
5c
Sep
15c
British
Standard
buiiivan
m
6,000
10c
Mar
24c
Gold
12c
1,000
100
Ltd
20c
Towagmac
Corp
'Westville
48c
Oil
Consolidated
'* (
,iJ
Pacalta
Omnitrans
Oil
Royaiite
Sep
,3.10
3.20
2,640
v
-80
'
13% Jun
Apr
15c
,
Mar
3.00
X .150
15o
Jan
4.00 Feb
•
•':
July
Feb
28c
,
Apr
4.
3c
1,000
4,000
200
11
115
2c
25c
1.35
3c
May
25%
Mar
56c
1.60
Sep
10% July
57/# May
715
-8%c Mar
25
110
95
-
2OV2C Jan
'
Feb
\
32
I-BOO
:
.-:9c
•
--16
Feb
38'A
■
jt; 4% July
25
Jan
37%
Jan
;S%
Sep
v»
28
I
,133 '" Aug
Sep
Mar
S4c
May
.
17
Aug
41%
Jun
25c
Jan
Sep
X 95
X
-1
X 38 %
7,000
7.00
>-<160
7.00
I-
26c
173A
173/4
39c
16c
18c
.
X'
-
25c
.17
8.90
Sep
-
51
51
—
11c
Aug
60c
31c
Feb
28c
Jan
t
51
20
11c
24c
118% May
•
July
13C
Feb
Jan
65c
Feb
xXXxr:
24c
/'•
1743/4 Jun
Aug
21c
3,500
.6,500 "
.'.'T?
v-
Mar
-Mar
7.00
26c
17%
Apr
^-'v9c
799
Feb
55
Sep
1,900
10c
Mar
He.
Jan
15,600
24c
Sep
57c.
Jun
v
25
25
25
19%
197/e
7.40
7.30
I
600
X
25
Aug
17
:
11
6.50 July
16
2,083
Feb
26%
.
Feb
Apr
22% May
1
5%C
6%c
*
23
223/4
25%
25%
89
I-.-
23%
25%
4c
500
7%c Jan
Aug
20
25
Jan
27 % May
Sep
99
3
Mar
4% May
4% Mar
.
Feb
23%
89
1,310
110
♦
8% Aug
Jun
100
pfd
Products
89
*
3%
packers class B—*
Class -B
Sep
Feb
1,290
105
25%
—X'-'
•
OH
80
3%
8%
26
':; 3%
25%
;.Xw.—-J—
—
Dominion
89%
3%
8%
3%
220 I 24C.
240
-
24%
125
I
192
<6,600
:
•
.
'27%
Jan
2
Apr
-16c
Jan
Feb
3%
Sep
Sep
35c
May
•
:
-
32c
800
25c
July
37c
Jan
21C
21c 22 %c
2,600
15c
July
99c
Jan
9%C
0C. 9%c
4.000
6c
Jun
Broulan Porcupine
Buffadlson Gold
32c
143/4 Mar
Red
*
Canadian
30c
35c
20,400
Feb
Buffalo
61C
60c
63c
12,700
42c
Mar
1.45
Jan
Building
l
65c'
65c
67c
1,700
40c
July
1.90
52%
52%
53%
225
10%
10%
10%
200
1
15%c Feb
Jan
Jan
28c
52%
50c
Aug
Sep
65
6% Mar
Mar
lOf/i 'Sep
90c
95c
1.68
1.68
2,200
80c
May
500
88c
Mar
1.73
•■+
17c
& Co
Burns
Burrard
1.75
'27c
Aug
1.55 Mar
100
5%C ' 5%C
;
A
*
7%c
—^
—
"
'..iX^
;
1
—
8c
34%
—
19%
7%
19%
7%
9%c
1,000
5.25
5.40
500
V" 4%c Aug
Callinan
Flin
Calmont
Campbell
"
7%c
Jan
3.95
100
3.95
Jun
5.80
3,660
65
7%
X 7c
Aug
Aug
9
Jun
Aug
15c
3.05 Mar
4.45
Apr
10c
—
9c
11c
Feb
48c
2.55
6c
2,600
2.500
;•:;
.X-iX-—I
Lake
Feb
18c
Jun
Mar
85c
Jan
I
2.15
Apr
3 3/8
Apr
4% May
•i: 14% Mar
22% May
•
Red
7.60 May
Feb
34c
60,150
46 %c
2.52
„—r—-——1
3.65
3.00 Mar
Jan
200
Flon
5.30
*
—
Oils
2.17 Jan
1.50 Mar
Apr
3.00 Aug
4.25
12c
12c
1,000
10c
May
20c
Canada
Bread
Canada
Cement
Feb
74c
69c
74c
21,200
57c
Mar
89c
~*
common
"
3%
15
12 %c
16c
53,100
12 %c
Sep
65c
Jan
6%c
2,000
Apr
14 %c
3%
•
.I
100
l;'
21
21%
27%
28
175
17
17
135
6%
6%
6%
48
48
*
common
21
307
I
Feb
i
i
31% July
35% July
-28%
275
9%c
25c
21
80
-
1
6%c Aug
Feb
1,500
34
''
;——*
class B——
class
Bousquet
Calgary & Edmonton
3.95
1
——
Sep
-
"
1.75
Lake
Products
1.18 Jan
'
6C
6c
14 %C
*
2%c
14V4C 14 %c
500
6c
13
2%C
1,200
7c
7c
3,000
7c
Sep
lie iiy4c
3,000
8c
Jun
17o
8%c July
17c
2c
May
—
—:
10
Canada
Machinery
Canada Malting
15% May
July
2c
*
•.^referred.-wi-i—.—i—20
Canada Iron Foundry
6c
Aug
7c '■
Canada
Sep
May
Canada
Permanent
Canada
■—
$$£
steamship Lines common——*
Class
Packers
*
Jan
class
A—
33
33
:—
Mtge
*
16%
16%
183
182
186
12
5
Feb
17
Sep
7
r
May
Apr
53%
33
Sep
38
..j
18
-
50
178
15% Mar
I
333
181% Aug
12%
July
29
■
43%
I;-!::; 75
i
16%
100
B
Apr
13% May
5 /
49
-
27
Jan
Apr
Jan
201%
Jan
'
9%c
10c
10,000
2.40
300
36c
38c
600
35c
Apr
50c
May
Apr
Apr
55c
56c
1,435
50c
Mar
67c
Jan
11c
Jan
Ltd
1.45 Mar
7c
7c
500
7c
1.38
3.665
99c
3.25
Mar
1.34
j
:
Mar
/
__1
6c
6c
3?
l—l
3C
34c 443,4c
44 3/4 C
^__1
500
467
88,700
3c
1,000
9.00
9.00
100
2 %C
2%C
2%c
8,000
2.50
2.45
2.50
13c 13 %C
—«_1
3c
9.00
XtX-Xf.--
Ltd—
2.08 Jan
•(.-
Preferred
Canada
XX--
Varnish
5c
25
preferred
3c
Feb
Canadian
Bakeries
Canadian Bank
——*
0
Ltd
j*.
,
■
■
.
3c
44 3/4 c
9c
Sep
Sep
Canadian
Homestead
Oil.
•
1.50
_1
—
8.75
■
O
Ltd
8.45
8V2C
_8C.
1st
Canadian
Class A
3,100
1.60 Mar
8,500
5.20
3.50 May
9.65 May
;
Canners
page
44.
1.56
8.75
3,100
860
He
1.25
9c
24,750
8c
121,000
5c
19
>
19
100
16
Jun
Jan
July
July
Feb
Mar
14
May
35
Feb
42
Jun
21%
Sep
30
22%
I 23% July
5%
22
22%
20%
20%
20%
•
19
19
19%
26
Mar
8
July
23
173/4 Mar
24
Jan
16% Mar
22
May
28
Jun
125
5%
22%
26
-I'I
•
5
605
21
3,255
-
<
Aug
Jan
>
common
preferred
4%c Jan
6c ' 9%c
8%c
«
Ltd
see
1,50
11
230
20
———;
32c
-
165
1/23
Apr
10
Mar
14%
Jun
270
.
15%
Apr
18%
Jun
75
• -
Jan
V; 9.40 Aug
Feb
21%
1,154
37 &
•
Car
123/4
common.—
Jun
7 25 May
•;
preferred
16
*
82
82
140
56%
Feb
89% July
39
39
50
34%
Feb
393/4 July
21
21
40
20% Mar
23%
Jan
9
9%
400
Mar
12%
Jun
Preferred
Feb
Canadian
July
Class
——
77% July
90
Feb
10
14
Apr
13%
Jun
-——100
■
9
84
84
10
13
13%
1,070
13
13%
100
84
8
Apr
16c
•V
81%
25
...—
Canadian Food Products common—..*
32 %c
16%
16%
--25
Preferred
$1
12%
75
20
——
Canadian Celanese common
Co
37
10
——•
of Commerce
-
July
2c
21%
I
'
34c
Sep
2%c Aug
4.75
37
'
19%c Jan
July
Sep
12
---50
Canadian Breweries
l
Corp
Oil
-f
X.
Feb
2.38
Ltd
vi-8,350
18c .-18c
25%
British Columbia Power A———♦
■
T
footnotes
..2^000
-•vlO % Mar
,
'
Jan
4l'c
Xvf'J;''.
For
19C
-X555
.
Feb
Jan
26c
lie
1.35
^
Ltd
Co
18C
—25
12
Jun
Ltd
Exploration
Oil
.25,500.
7.40
common—
Jun
Sep
4c
8.50
(1944
Oils
14c
19%
———•
Feb
26c
11
Mines Ltd-.l
Gasp* OH Ventures Ltd
.New
Aug
12%
25
Pwr com—.*
———
—
American
30c
500
345
45c
1
Mines Ltd
Co
50c
12c
*
Sep
Oil Stocks-
aorae
Sep
12%
preferred
Forest
1,656
1.35
Mines
Anglo-Canadian
Sep
33c
11,200"
*
1
Electric
7c
1
Ltd
Mines
Mines
12c
l3o
1
Columbia
10
2c
Lt,d__
Mines
Asbestos
12c
Mar
,12%
:
50
——
Columbia
4.25
Exploration
Amulet
Mar
I
*
Ltd
Columbia
26c
l
1
Vinray Malartic Mines Ltd..
Waite
6c
4c
46c
35c
British
6c
'
United
143/4 Aug
16%c Jan
July
15,200
40 %c
17c
British
10
Ltd__^_l
';
Mines
Mar
5c
44 %c
*
16c I Feb
10%c Aug
26c
Cons Mines Ltd
•Thurbois
11
12,789
Jan
20c
—
& Metals-^
Mines
•
Jun
9c
II
—
class A
Cordage
Preferred
Jan
11c
1
^
Mines
39c
-.^--100
Brewis Red Lake
6%c Mar
1,000
,.
10%c ll%c
Santiago Mines Ltd
Gold
Sep
'
1
Mines
,
'Sherritt-Gordon
12c
#
———-
Mines
7c
7c
"7c
Regcourt Gold Mines Ltd
—__1
Rochette Gold' Mines Co Ltd—
.1
•Siscoe
Jan
39,400
160,250
Brazilian Traction Light &
Calder
Dredging Ltd.:
Gold
15c
16c
Jan
Bralorne
70c
■»
Ltd
Gold
Mining
Mar
*
Mines
_5
Ltd
Ltd
Yellowknife Gold
Crest
Mar
6c
_
_
preferred
Mines
Bobjo
Brantford
1
Development
.-Quebec Manganese Mines
Quemont
35c
1,500
I
7%c I-
—
'——I————1
Ribbon
Blue
'8%c Feb
1
;
Labrador
;Quebec
40
10c
50
,'^ V
Feb
7c
A
Pen-Rey, Gold Mines Ltd
,
40c
9,000
Gold
233/4C
1
_I
Ltd
Mines
Oreille Mines
■
73/4 May
75c
Jun
12c
Kirkland Gold.
Bidgood
Mar
200
^
Sep
5% Mar
^I-..
class A
Sons
&
12c
2,000
l'
Jun
18c
Feb
30 %c
12%c Mar
Bertram
1,500
20c
'
9%c
in
L—
River
Bercns
Jun
2.75
Quebec
4Vec July
6%c Mar
Belleterre Quebec
Jan
19c
Gold
1,000
14,600
10
Telephone
1.56
i
Cans
5c
18c
.—X—X—1-
Yellowknife
Beauileu
Aug
2.70
Pato
5c
17c
3.45 May
;
Mar
l
_i
Mines
Pena
1.35 Mar
7c
.
Base. Metals Mining
55c
•J
1
Mining Co^__
Gold
Cadallic
Jun
8c
14,125
v;
Traction
33c
5
Mines___i
Ltd
Gold
Gold
18c
71,500
Toronto
9,000
1
Pandora
Apr
17c
14%
-
23 y8 Mar
w
_.
_
Bordulac
:Normetal Mining Corp Ltd*
O'Brien
Jan
2.55
14
Nova Scotia
Sep
72c
'
Mines
Montreal
10,300
2%c
Ltd
Dredging Ltd
Marlon
41 %c
2.45
6%c
•
of
45c
l
Ltd—
Mclntyve-Porcupine Mines
Calumet
Jan
Feb
•
Mining Corp of Canada Ltd
New
38c
22 %c
14 %c
iXniX-X-TT-Xl
of
1.13
1
Macdonald Mines Ltd
New
Jun
17%c
Il-L'
I
class B
Bank
14%c 14'/2C
l
Gold
Louvicourt Gold fields
Nechi Cons
15c
10c
2.50
<,
Mines—
Gold
96c
1.13
l
Mines
Gold
Lake
500
1
_
Buffalo
Lingman
33c
1
Bank
*.
20c
Mines
33c
•
Gold
39c
l
1
'*
12 %c
Apr
Mar
l
Gold
Lake
33c
•
Auto .Fabrics
Jan
(Sep
l
Ltd—
Joliet-Quebec Mines Ltd
Lake Shore
4,500
1
(1937)
Mines
British
Kirkland
20c
10
—
Rfceel
Aunor
Jun
12c
53c
:
Feb
1.000
65c
1
Ltd__
Consolidated
25% July
19c
9c
—
Mines
•Aumaque
2.93 Sep
2,000
40,000
..
65c
5c
Feb
16c
I I
Aug
X
>Howey Gold Mines Ltd
^Hudson-Rand Gold Mines
J-M
Mar
20c
67
40c
Hardward
Aubelle
Jan
16
Collieries
Hoilinger
24
—
British
Hilcrest
715
•
Mar
22c
i43c
;
?■'
56c
Mar
300
—
Ltd
Mines
3,900«
Mar
'.'>6c-
2.48 Aug
500
X'
Ltd
Mines
25%
1
Atlantic Oil
Jun
55c
5%c July
16
21c
Mines
Mines
% Mar
25
•
Resources
Gold
Athona
^Sep
33c
:Sep-
59c
X'/
Formaque Gold Mines Ltd
Gold
44
25
1
Ashdown
Jan
82c
18c I Aug
•2c
Jun
16
—I
.X--
17 %c
Sep,'
59c
Ltd
Mines Ltd
Sep
Mar
,__1
.—
Mines Ltd
Lake
25c-
15c
-
Aug
*
Mines Ltd_
.i'v-
'"\
1,115
Apr
65% Jun
33% Mar
1,345
Oil__*
Armistice
3%c Jan
...
Apr '7
ioo
12c
.8c 12V4C
T7c-'
•
Apr
14.100
5%c
12c
10 %c
—r.
vX
6c
2.90
15c
1K;C
1
"
Found
6c.
5%c
1
1
Ltd
Ltd
Gold
Eiaona
-2,000
14c
i_____
•r12c
-
359,000
4c
i
4.
Mines
Sullivan
Elder
40c
Ltd—1
Duvay Gold Mines Ltd
.East
38 %C
6c
:?
49,500
<£,800
2c
u<8c
791,000
4c
—
Mines
45C
26c'
25c 1
29dAc'
>
<
300 :>
9VsC
25c
Ltd—•—i—
Ltd
Lake
Donalda' Mines
Mines
Ltd
Co
Ltd
v
"7c
-
-,-1.500
>i..7,000
8C
;
2.80
Mines
Red
Mines
Dulama
38C
Mines
Explorations
Cournor
8C
4pc
——
Cadillac
.
I3cri3c
:8c ■
'Candego Gold Sline&'X
Cartier-Malartic Gold'Mines LtdCentremaque Golct Mines Ltd
Cortez
Jan
600
59
;;
Mines
Central
Jan
13c
1
Mines—
Yellowknife
Gold
Feb
v
87 %c
3%c May
I 47
Argus Corp common
Warrants
Sep
16
Jan
Aug
63c
25
pfd
Mines
Jan
10
17
39
Metal's- Jdlning. Corp..'L);dI\-_-_
Bob's-Lalte Gold Mines Ltd—Xt-i
'Bordulac -Mines .LWXxXXXXXr
Consul
Larder
Consol
Area
30
-
39
I''
V
-Base
Chesterviiie
Canada
of
Canadian
fAtlft*
39
.Limited-;.
Gold
.1,700
58
1
Anglo
18
37c
7,705
Sep
8%
45
*
Jun
104
-
9c
Jun
46
American Nepheline
13%
35
-
Aug
58%
common
Amalgamated
May
19
111
41c
% 117
..
L_—.
14%'
110
4oc.
•'
41c
-
•
•
7%
12,800
May
'
pfd
Mines .Ltd
Aubeilc
78c
43/40
.
..
21% Sep
102'/a Aug
Feb
5c
765
4c
4%C
Aluminium Ltd
22
•
Apr
98
'
■Bagamac
Arno-
25
6,500
76c
*.
Alger Gold
Apr
9% Mar
»
.
Surpass
Akaitcho
Sep
5% May
-54
■
Ltd u.——J— L— —_*
Miring Stocks—
20
150
*
<*) 'Ltd—lit
\Vindsor
73
9%
■; -5"
__
•
•'
96
110
X
■
Feb
43/4 Mar
2,050
High
19% May
21% May
16%
760
100 100%
»
American
73 •'
:
-
Wilson
v.-.
93
*
pfd_. -20
>
100
Oil
Sep
5'
,
i-.i\
"■ \
May
13%
^United 1 Amusement. Corp Ltd. cl A_
Voting tftftt- ctfs..-—X-juXX_'.
i
United "Securities tLd 'XXXXiXl. .100
*f V
19%
'
Agnew
Algonia
v
Feb
A
XX.
30
Mar
12%
Ltd
Southern Canada Pr 6%
♦
19 3A
12 % Mar
18
Mar
1,060
8%
class
:
&
L010
17%
'A
5
foutlpnont InvestLtd class
towel! Screw Co
Co LtdXX'X-_.
'tXv-XXIT
25
5
Jan
30
9%
-
May
20%
324
common..... _10
*
.-44
1,000
Ltd—
v
Bridge Co
'Mar
19 % May
96
#
red
May
5%
1st pfd_. .100
5%
.
19
1234
Ltd—X—
Industries
'*■'
r
■
Co
95
100
X_
Ltd
26%
10%
Jan
5%
——U—
X
Grain.
26%
preferred—.:.— _O0
"
Reitmans- (Can)
36
15
Jan
Jan
-
10
6% pfd
Ltd-,;———
part
-luo
19 %
9
12 %
Co
Pr
Corp of Canada C%
.
40%
19 %
°
^
Paper
Corporation
Orange "Crush
40 V4
52
10
Royal Rice Mills Ltd—
&
12%
100
common
Mount
Lt
100*
pfd__20
pfd—_
Moore
Nova Scotia
100
17
«
pfd
Ltd
6%
Ontario
&
10
17
__10
Co, of Canada—
Minnesota
10
'Wr'J, .It--
■
4%
Distilleries
Melchers
pfd
52
K' •".
6%%
McColl-Fronienac
Mica
t*©_XX
Paper
v
.
52
Gas
Range Since January 1
High
16%
20
preferred
Acadia-Atlantic
Acme
Shares
17%
Jan
Jan
-
*
M)
Teleg & Tel 7%
—
^
for Week
•,
•
common
Preferred
8
1
——
(Walter
Power
Maritime
-V
Sales
Range
of Prices
May
15% Jan
Sep ,
'Jun'
8
50'
.-
^Week's
Last
Sale Price
stocks—
Abltlbl
■
common—4-XX*
Inc__
Ltd
Co
MacLaren
,
Friday
Jun
575"
42%
——10
.
•25
59'/a
1814
preferretf/XX-X-——_._50
conv
Lainoert
Ltd
Exchange
Canadian Funds
•High
58 %
class A
Wt
Low
17%
59
*
1
_
Ltd——X
Co
24 Va
173'4 k
X
...
Toronto Stock
Range Since January 1
•
High
v
Inv
i
25
tsufflX
JLiu
Shares
•>
■
—-X—1
Paper
Insurance Co
Horner
A__
1?
Sales
of Prices
Low
(1177)
MARKETS
SEPTEMBER
for Week
-Range
Sale Price
CHRONICLE
20
B
Industrial
—
Alcohol
"A"
•
*
13%
Mar
11% Mar
41
THE
(1178)
42
COMMERCIAL ,&
CANADIAN
FOR
RANGE
FINANCIAL CHRONICLE
MARKETS
LISTED
WEEK ENDED SEPTEMBER
17
'
■:" V/'V
Friday
Sales
Range
of Prices
Shares
'/.'.iVv-.-y
Par
Canadian Maiartlc
Oil
Canadian
5%
——
*
Cos common
»-'•
„
Gold
Cariboo
0
63%c
Oil"
Leduc
—
Gold
Central
Patricia
Central
.
Chatco Steel common
9%:
-—————1
Mines
Chesklrk
Gold
1
2.01
-♦
.—______—1
15%
103%
15%
West
'■'
Mines
Gulf
Gunnar Gold
Jun
Hahn
Sep
Halcrow
Lead
43
g
55
l.oo
1.00
1.01
2,800
60c
1.16
1.16
1.25
25c
25c
4,870
A 800
20c
10
15%
16
250
10%
150
4c
500
3%c Aug
500
l%c
1
.
•
common
«
Sep
May
1
Bridge
Harker Gold
—
Yellowknlfe
Colomac
Consolidated
2.45
Consolidated
Heath
Jan
Gold
A
54c
85c
Jan
Hlghrldge
Mining
55c
Aug
70c
Sep
Highwood
Sarcee
8,450.
1,880
lie
Jun
32c
Jun
70c
65c
70c
—5
........wii.«.100
146
Consolidated Mining &
Gas
Consumers
Conwest
Smelting
———•
Exploration
Paper
Mines
Crestaurum
1.20
18
18
13c
1
——
-
Delnite
'
Mines
Jan
90c
Mar
2,500
8c
Aug
19c
Apr
20%
50c
1,000
45c
Aug
7c
Mar
21c
Jan
Mar
20c
Apr
50c
1.00
8%c
7,500
15c 18'Ac
7,500
10c
50
1,000
22%
Sep
1.05
Apr
8c
1
1.45
1,45
1.42
Jan
&
^
-
Mines—-—-———1
5c
Mar
12 %c
•
,
„
July
48c
Erie
26c
Aug
45c
14,900
Red
273,907,
54,000
.
—
27c
30c
59c
56c
59c
Lake
1
30c
30c
32c
41,700
Distillers Seagrams i.^,—-2
17%
17'A
18
2,105
38c
16%
2,100
Discovery Yellowknlfe
Diversified
Dome
Mining
Ltd
Mines
• 5
-
3£'c
15%
•
.
Dominion Bank
38c
15%
10
preferred
Dominion
Fabrics 2nd
Dominion
_25
Foundry & Steel
Dominion
64c
A
65c
July
30c
15%
3,335
23% Mar
Sep
Feb
Aug
27
21
160
16
Apr
22
Jun
26 % May
27
•
28
Jan
sfeel &
Dominion
Stores
Coal class B™_2S
25
298
9
125
paid
Tar
Textile
Dominion
Woollenp
Donalda
&
Chemical
pfd—23%
_10U
comipon
*
22
Mar:
12% May
6.-- Mar
L„
5c
9c
9'/ac
4,000
7c
1,792
8.50
49%
.
1
62c
69c
23c
i"
' i.
Duvay Gold Mines
1
Amphi\
I
East Leduc Oil-«.--.——•
Sullivan
Eastern
Easy
i—i
Steel
Machine
Gold
Sol
Gold
Eureka
Corp
Mines
30,500
4c
Aug
7c
Jun
33c
Jan
39c
40(5
3,200
4,600
26c
Feb
50c
.1.45
1.43
1,52
2,800
1.33 Aug
2.08 Feb
2.75
2.75
2.81
4,800
1.64 Mar
3.50 Jan
,
7%
—
...
f;.
42c
1.13
1
55c
Mar
8,800
11c
July
1.70
6,880
1.54
Jun
Jan
495
24% Mar
25% July
14
17%
4,300
55
26
26
-
45
25% Mar
98% Mar
Kirkland
8,500
1,000
8c
July
13c
Sep
5c
5c
500
3c
Aug
7c
Jan
v
.
,
3,250
15c
July
58c
Feb
25c
Mar
57c
Sep
8,000
206,193
6c
25c 34%c
'' vi
'
5c
15c
Apr
July
10c
3,200
10c
137/8
,2,285
11%
13%
13%
9%c
>9c
10c
31,800
48c
48c
48c
1,000
;.
4.55
Jan
5.05
Apr
May
935
3.60 Mar
420
15% Mar
18% May
33
190
34
47%
7
7
350
J01
Ai.
101
110
5c
3,000
'4%c
■
1.36
Mines
23%
23'%
5.85
95c
83c
1.00
1
11 %
2.34
11%
11 %
2.34
2,950
6.00
•
',• ••15 .' Jan
Apr
22c
Jan
60c
Jun
1.78
Mar
25%
Jun
7.75
Jan
Mar
33c
Jan
1.00 Sip
Jan
6%c July
295
..
15c
10% July
1.95 Aug
5.40 July
550
2.20
*6.00
*
Jun
Jan
Apr
28
3,900
8c
50c
1.26 Aug
72,200
7c
7c,
Sep
.-.J'.
4.10 Mar
1,120
♦
—
8c
170
5.55
,,
Jun
-
Aug
36c
6,500
__
5.85
1
Gold
1.39
1.33
14c
34%c
'
V
10c
__
1
Mar
26,400
50c
'•
•.
.
40c
3%c July
;V- v-* .v,;.
.
5'Ac
__
'
'j
45c
47c
34c
,
17c
16c
«A
,
-
-
.
Mines
Jan
29,800
14% Mar
3.00
Feb
6.95
Feb
7r*:;!:
1.15
4.40
37%
Shore
Lamaque
May
7c
Jun
5c
__
v
1
Mines
M f-.;X,';
Jun
84c
Mar
10c
>
Ltd—
Jan
39%
16%
51c
1
Lake
(John)
11
■<
48c
l
Labrador Mining & Exploration
29% Mar
10c
1-
i
102%
'■
__
f,C;
Golden Gate
Jan
31% May
4%c
1
Kirkland-Hudson
May
55c
__
H
•„
11
July
49c
1
—
Feb
8%
Feb
4%c
1
Gold
Jun
8c
34c
15,610
*
9
A>:!
' v.
Sep
Aug
700
A
Jan
Aug
1,100
12%
,
Mar
■
9
12%
.
14%
4c
41c
12%
7
1.95 Jun
Mar
7
65
"
19% May
Sep
9
__
.
1
V
Mar
1.00
50
6c
7%
14
40c
__
__1
•-'
17%
6c
7%
23%
3,425
Mines
Luz
Feb
12
1
i-VVV.
1
Kerr-Addison
La
Jan
Apr
625
6c
''4^"
Lake
23
27
13'.'4
__
Rowan
25c
Apr
16,810
100
Quebec Mines
Kayrand Mining
Dufault
16%
__
Federal Kirkland
July
v May
21
116
296,159
35%
) Gold
-V'0\ w?
Lake
16
■
37'A
_♦
55,725
203,900
16c
10% Jan
,
Jan
1.15
35
Joliet
Lake
Jan
Jan
17%
100
Mines;;
18% Aug
'74c
32c
53%c Jun
1.00
35%
Mining
May
4,35
-100
,
47c
1.13
1.60
16
Federal Grain Com
24c
38c
4.35
1
25
10
Sep
15% Feb
13c
,
I.RO
-
Famous; Players.
Fanny Farmer Candy Shops
18i
6%
96c
14c
1
:—
350
18%
—
8
Jan
16%
1
Labatt
47%, Jun
123i
*
Kenville
Jun
17%
.
May
-.1
;
FWconbrldge Nickel
Preferred
12c Jan
5%c
~_*
:
1
Eldona
Jun
10c 10 %c
__*
Mines
pi
30 %c
'
Feb
Feb
42c
7% Mar
80
I
■'
.
Jari
1.10 Feb
Mar'
39c
1
Mines.—
Washing
Elder
51c
May
9c
111
365
*
Uranium
Kelore
9.70
26
100
'
H|«r-
Jacknife Gold
Kirkland
East Malartic Mines
East
iJVfcMay
Jan
22-
.*
Co
Jack Waite
18% Jun/
10% Mar:
10c
East
4%c
.
17c
17,100
29,300
'
5c
50 '.
Jan
12 '
Mar
43%
15
common
Petroleum
425
Sep
15c
Jun
18c
50
'V.iv;/?:
International
22% Aug
•
May
9c
26
1
_
11
75c
1.00
Nickel
19% Mar
24%c Feb
July
Aug
44
2,910
8 -
Sep
Jan;,
22
•
International
195
1.04
May
25%? Mar
500
50
May
5c
25
26c
115% 115%
—
•
•
21%
'
46%
7%
„
10
International Metals class A
2 Preferred
Joburke
11%
4,200
49%
115%
6
Jellicoe
Feb
34c
26c
<
_100;'
———
Inglls (John) & Co
Inspiration Mining
19% May
Jan
6,500
46%
__
*
2,850
S'/ac
33c
__
8.90
5c
17%
26 Va
20c
8.30
17%
13% Feb
21c
-•'
10' 10%
__
—100
:
Jan
15c
•
5.35 Feb
:'/-9%c
1
21'A Mar
G8%C
I
__
Mar
6,200
*
10
'
Mines
10c
50c. Mar
14
1,131
15%'/:
Jan
9c
common
24'A
15%
Jan
95c
25 Va
16%
11%
^
DiUama Gold Mines Ltd—
f"
11%
_
16c
July
25%
'
Dominion
Dominion
Jun
35c
25 %
16
•:
5c
2,100
8c
•
Oil
21%
24'A
2,000
38c
50
Bank
24%
.16% :
•
—
27
25%
8%•;
—;
10c
9,150
1,000
Sep
25%
25'A
*
9c
,36c
12c
7c
12c
Indian Lake Gold
Jan
24
27
1
Aug
Imperial Varnich
Jan
485
21
preferred
Magnesium
Dominion
21
Aug
3o
1
International
Coal
Dominion
65c
500
Imperial Tobacco of Canada ordlnary_5
4% preferred
25
22% May
16% Feb
25%
24
24
3,903
4c
Jan
,25c
July
Aug
82c
13c
1
Lake
Red
Dickenson
84c
12% Jun
Mar
53c
Ingersoll Machine class A
Dexter
84c
1
jic
Rights
Mar
43c
11c
10c
5c
8.50
:
Jan
5%c July
1
common——
Aug
9"% May
32c
July
2,500
_1
Imperial
Feb
12c
12c
2,500
__
,
preferred
3c
Apr
6% Mar
11,500
Sep
5%c July
7%c
36c
Sep
10c
1,000
7%c 12%c
—1
_1
1
—
200
10%
Apr
4c
*
,
Apr
17% May
6%c
w-
—
Nickei
Denlson
Delta Red Lake.
8%
lie
Mines
Imperial
26% July
1.60 Jan
37c
53c
Yellowknlfe
Huron
10cl0%c
16c
———*
-—,
30c
Aug
3.20 May
Jun
•
'
Hudson Bay Mining & Smelting
Hunts Ltd class A
July
Aug
ic
—__1
Howey Gold
18c
8c
*
,
class A
Jan
40c
,
26c
1.14
13% Mar
1
Howard Smith
6% May.
22% ;:",A 22%; 22%
1
D'Aragon Mines
Davis Leather
Jan
22c
Aug
4 % Mar
Oil
Hosco Gold
5,050
20C
60c
—
Davies Petroleum
23
Sep
10c
Home
Homer
3,400
18c
10c
Aircraft
.
Jan
1,35 July
Mrr
Jun
£'/aC
Hollinger Gonsol 2—10
Jun
154
Mf*
70c
200
5%
56c
—
•
1
18
1.000
5%
121%
91% Mar
145
25
12c
■—
.—————
Croinor Pershing
Crowshore Patricia
Cub
__—■_*■
1 '
-
.
1.10
Box
Craig Bit common
115
222
5,200
common-,—-* ;i
r
Cournor Mining .;J———
-1
v —i
Corrugated
.......
146 148 %
1.10
..
14c
12%c
113%
13 Vic
114%
Sep
1.15
9% Mar
i
Heva Gold Mines
Feb
6,265
Consolidated Homestead Oil--....—*;
2c
9aB
Jan
66c
Mar
150
1,
7%c
64%c
9
11%
1
_———
16%
65c
Mining
Duquesne
2c
Aug
Sep
July
1
Mines
Beattle
Feb
11%
;*%:
Mar
5c
11
—
44% May
7'A
7%c
'
1,000
®
—'*
2
v
20%
40% Mar
6%c
A
—
.
•
24c
24%c
__
Highland-Bell
Bakeries
Consolidated
15% Mar
300
...
Jan
17
Feb
10
-135
7,200
1,393
9%
__
1
Headway Red Lake
5,750
4C
*
Harrlcana Gol4
Hasaga Gold
Feb
5c
July-
2c
Aug %
1.72 July
~~
Harding Carpets
3.00 Mar
30C
10%
Gold
Halliwell
8%c Jan
7c
__
1
Hamilton
4c
•
Jun
18%
42
7:%
Swayze
Jan
10
Jun
Jan
17%
Mines
Brass
Jan
7% Mar
Mar
Sep
23
9
Gypsum Lime & Alabastine
11% Mar
2.20
11
Sep
43
Hard Rock Gold Mines
1,000
May
18
1
Jan
13%
10
25
_l
—
High
70
18
v.'','"-''' '"•••.'V/'.V
•
•
Low A
10%
•
Aug
33c
Mar
•
pfd
Jan
1.40
1.05 Mar
' •' A
Range Since January 1
High
18
;
,
Sales
*
Felt
1.80
July
A
-
preferred
63 %c
1.20 Mar
A 13c
)•'•'
'•
26
15
16
A
Low
__
Hedley Mascot
Plow
Cockshutt
Shares
*
Lakes Paper common
2.65
July
41c
68.609
of Prices
Jun
630
3c
2.05
•
Great
21%
14c ; -''50°
14C
3c
2.00
V/lllans
Cochenour
/
i
—i
—
Jan
Jun
May
90
1.00 July
1,400
2.95
2.80
2.82'
1
u_,.
Malartic
Citralam
4%C
15
12% Mar
1,700
13%
9% '
4%c
9
v
—.
—1
ChestervUIe Mines
Chlmo
12%
13%
——*
_
Wines
Chateau-Gai
*
Sep
24
50
1.28
16c
for Week
Par
1__
\-y
V
Great
98% Mar
4,000
1.25
16c
Range
'A-_-----_----ii^':-v|A;;^;;0:io%
B
Guayana
1,144
11.27
1
16c
Mines
Porcupine
85
2,100
1*50
59%c63%<?
.<•*.
Class
103
Mar
99% Mar
4,883
20
1.50
1.16
11
35
2o
1.20 ;
Feb
Mackay dass
1
4o
v
■
Gordon
Jan
88c
± 1.150
25
1.16
--
-
—.•.-.—.—.-•'••—I
r*i<;f1f>»Trethewav
Central
__
Wirebound
Canadian
13 ;+
16% Mb
102% 102%
16%
preferred —-100
class A*
—*
—--1
Utilities
Canadian
-25
Railway
Pacific
Canadian
-—160
—
30
150
3,650
100% 100%
85
85
--
preferred
STOCKS—
./
High
24 //.
70c
13%
—
preferred
4%
23
67c
.
Week's
Last
'
,
Range Since January 1
:
Friday
Sale Price
,
High
Low
23%
69c;
*
Locomotive
Canadian
A
for Week
Sale Price
STOCKS
Week's
Last
Monday, September 20, 1948
Mar
43Ac Sep
,85
7c
106
Mar.
7c
4%c Sep
Jan
May
Sep
Lapa Cadillac
Lapaska Mines
Larder
"U"
1
3
Oro Mines
Leduc-West
4,500
5Vac
6%c
5,700
4c
5c
13,000
14
14
175
4c
4 Vac
5.000
2%c July
1,700
60c
—
1
Oil
4%c
6c
1
3c
4%c
:
Mines
Laura Secord
Lebel
3c
,
..
__
95c
93c
95c
1.17
•
May
1.16
1.17
3c
7%c Feb
Sep
3c
Jun
11c
Jan
3c;
Aug
Mar
8c
Jan
17 Va
Jan
12
.
5%c A.ug
Mar
1.19 May
,
"
Fibre
Products
common
Fleet
Manufacturing
Ford
Motor
'
*
class
'
A
r
Foundation Co
Freiraan
1A
preferred4-——i—100
Gair
Co
General
Power
preferred
Steel
Wares
—*
Globe
^
—
Gold
Feb
23%
May
Sep
92
1.90
1.92
1,250
88
88
10
Aug
94
Jan
103
104
20
101
Mar
108
Jan
110
10
107
May
111
15%
10
I
151/4
.
90%
,
Jun
',.94
.
Feb
2.29 Feb
1.30 Mar
86 V2
75
5.05
5.35
14
20
4,/ 102% 102%
5.05
g%c
Arrow
99
Mar
"•
17
Apr
106 V2
;
2.90 Mar
8,168
6.10
——
1
2c
4,000
2c
Jun
Jan
—13,300
52c
58c
5,250
48c
Mar
Llngman Lake Gold Mines—
i4C
i5c
4c
8c
__
2.53
-
'
A
2.53
2.62
7
10c
7y4
Class
B
'
r
_—
For footnotes see page
44.
..
52
35c
23,800
3Cc
29%
*
*
1
6 Vic
6c
July
Aug
25c
July
30%
556
170
24%
Jun
Jan
59c
26% Mar
28)'*>
29%
1.25 Jan
16c
14c
,
1.09
11c
Apr
19c
3,700
3c
Aug
7%c
'
%r
7c
4 850
1,700
14c
July
1.95 Mar
-
4%c Aug
4c
lie
'""'
4 500
3c
9,500 "
..A......
5
.
(Feb
.81"4
Jan
-
-
Mar
Feb
52'A
205
49
Feb
■
•
60
";,7:-:
6
7
May
Sep
11%
11%
A'-" 100
59c
63c
22,300
40c
Mar
14%c
■»
15c
1,000
10c
July
20c
Feb
7c
7c
5,000
6c
Aug
ll%c
Feb
__
1
1
61c
11% Sep
13%
Jan
Yellowknlfe
_•
Macassa Mines
__
2.15
—r—1
2.25
2.15
2.35
10,100
1
66c
62c
67c
20,300
40c
Feb
9c
1,900
6c
\ Aug
5,700
85c
3.00 Jan
July
Aug
Sep
'1
r.
Macfie Red Lake
MacLeod-Cockshutt
Class
:
Gold
Export class A
!____
Mines
1
)'?
1
91c
98c
10VA
10%
8
8%
95c
•
10%
•
;
B
8c :
1.95
8
-
A
:
"745
K
9
Jan
Feb
1.54
Apr
Lake Gold Mines
1
Consol
Malartic
2.50
Gold
Fields.^
1~
2 45
2.55
—
1
20c
20c
1.76
1.80
1.80
2.25 July
3,000
n
800
16c
1,700
1.50
16c
Feb
9c
Jun
53
May
Sep
j-'■ i.'t
3.15
Jan
40c
Aug
Feb
1.95 Jan
Apr
i-.'f
Manitoba
&
Leaf
Eastern
i
Milling
•
2c'
,
•/
•
__
A 14%
2,000
2c
14%
-
Jan
Jan
118
Feb
July
9%
„
:<
Madsen Red
Jan
11
Feb
4% Mar
1,050
12c
May
25 %c
.....
Jan
1.50
-Ay:',;.
Lynx
Gold
Maralgo Mines
.rA—i;
1—___1
•
3c
•
/
1,000
3c
2c
11
A 115
3c
*
Marcus
Gold
________j:___^__
-
52
7
__
29% Aug
Apr
2.80 Aug
Mar
IOC
101
28
•
May
80 %c May
6,000
4 200
28%
■;
.
Class A
Louvicourt Goldfields—:
Maple
*.—.113.% -113% 113%
50
;;
9c
3'A^'
io%c
1,000
__
Loblaw Groceterias class A
Magnet
1
________
\
Feb
4c
Mar
3%c
>.
8c
6%c
.
Jan
14c
Aug
72C
<•
1
:
common
6%c Aug
4,090
55c
__
4----
Mines
Mines
Goodyear Tire
...
2c
v
56c
1
.—4.
^
8%c
69.%C
;
72c:
1
—
Porcupine
8%c
2c
/
8c
__
._1
.
Jan
110
>
V'
—_1
—
Manitou
Preferred
23
;_r
1.10 Mar
1,300
3,000
6V2C
1
—
Lunward
•
—r
Golden
Goldvue
i
Lencourt Gold
Lexindin Gold
MacMillan
!
Mines
Golden
Goldora
60
27
Feb
Jan
92
A-
•
1
—
Mines
Goldhawk
23%'
21
3'/4
London Hosiery Mills common—
1
Eagle
23%
__
1
Oil
God's Lake Gold
Gold
11% July
Mines Ltd_2
MacDonald Mines
Lake
Goldale
754
88
Preferred
;
—>-—100
Giant Yellowknlfe Gold Mines
..,1
Glenora
Sep
25
92
;r-
Gillies
Feb
2
24%
1.90.
,100
common--
7%
600
23%
A
pfd—^>..100
—„—
100
2%
'
100
5%
10%
2%
25
•
preferred
Gatineau
5%%
s..:—
10%
2Va
«
—:♦
J)
Froujsher Exploration
Leltch Gold
Martin-McNeely
'
ll'/aC
-4c
4c /
.
;
I
9c
6c
Aug
500
3c
Aug
:
4c
•; 15
Sep
3,500
11c "~13C A
.
Aug
Mar
■
"
May
Sep
May
31c
>
Jan
6c
Mar
.
THE
Number 4735
168
Volume
COMMERCIAL &" FINANCIAL
CANADIAN
RANGE FOR
Friday
Week's
Last
;
SEPTEMBER
17
Sales
Range
-'
Sale Price
MARKETS
LISTED
WEEK ENDED
CHRONICLE
for Week
Low
Friday
High
STOCKS-
Range Since January 1
;,
:
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
-
Shares
of Prices
.
High
Low
Low
•
.
Range Since January 1
High
Low
High
'
Massey-Harris
•
—
McCabe Grain
class
McColl-Frontenac
Preferred—
-
22 >/2
common
Preferred
A_.
! 213/4
22%
5,129
16
Mar
23
July
">28
26%
' 878
28
'160
24
Mar
30
May
87/s
100
__
7% July
Lawrence
1st
San
new—
—
Antonio Cold Mines Ltd.
Sand
;
Pappr—■
preferred
2nd preferred new
9% Jan
common
._
St
River
Sannorm
Gold——,.
..
Mines
McDougall-Segur
Mclntyre Porcupine
Senator Rouyn
McLellan
Lake
Gold
Preferred
Gold.
Shea's
ll'/ac Aug
Mills
Voting
Miiton
Grain.
Silanco
Brick
Corp
Model
Apr
Jun
11% Mar
385
16
Class
A
class
B
..
Dairy
40c
16,300
34 %c
34V2C
34c
36c
12,400
20c
•
—
West
34VaC
1
Mines
Silverwood Dairies
Silverwood
Monarch
Sep
3.20
16 "/a
34VaC
110
*
250
May
Knitting
?
28 Va
110
23%
.
hS
45
28
22 Va
Class B
July
8 Va
97%
150
100 100 Va
Simpson's Ltd class A.
common
Porcupine
Sep
9Va July
10
preferred_..100,
Containers class A_
Moneta
1.25
Mar
1
Mining
Miller
Silver
Oils
Modern
July
11% July
1.43 Mar
11% Mar
570
certificates-
trust
98C
15,937
..
common-
Feb
10
4,000
Gordon
Breweries
Sick's
200
Oil
Pacific
Mining
Jun
49
Gold
Creek
Sherritt
15 Va Mar
.
Mid-Continent
&
Feb
23%
Winnipeg Brewery A
Sheep
McWatters Gold
Midland
67 %c
———
—
McMarmac Red Lake
Mercury
Ltd
Water & Power.
Shawinlgan
McKenzie Red
24
Sep
;Sep
Mar
18
Mar
96"
Mar
.
Preferred
—
Montreal Locomotive
Sladen Malartlc Mines
Moore Corp common
My la ma que
National
Mines
Breweries
National
Slater Co
vr-lt.^L
Grocers
Standard Chemical
—a——a——
Paving common
t:. Preferred
;
——
—.
National
Petroleum
Standard Radio class A—
■—a—
Starratt
Steel
National Sewer Pipe class A.
•
National
Steel
Car
National Trust'
.-
4,950
——.
—
preferred-
25
V-V;V':
Bidlamaque
Calumet
New Jason
of
5c
5c
1,000
1.69
16,600
56c 58 %e
—.——..jw—a.
Gold
38,428
19c
19c
100 Va
1,750
Stuart
Apr
common—~
„
a
:a a —
Oil
2 VaC Mar
Cons
Sullivan
Mar
Surl
31VaCJuly
15%C Aug
—
preferred-
Sturgeon River Gold
-r
75c
—
Canada
...
Steep Rock Iron Mines
-I.9I Mar
•
1.62
...
Mines
Marlon
Gold
Olsen
Co
Preferred
Steeloy Mining.—
a—a--*---
Negus Mines
NeUsons (Wm)
New
-Jun
17% Mar
Springer Sturgeon
Hosiery class A
B
a—:__a——
^ " Class
New
a
.
Standard
New
180
common.
common..
Preferred
National
45
25
.A'i.—.aaaA—-aaaaa:
Co
25 VaC Aug
900
preferred—
(N)
Soulham
Inlet
Mines—.———..,
—
—.—
Gold
Sylvanite
;.
—
—.
Mines
Tamblyn Ltd common
Newnorth
Gold
8,000
New
Pacalta Oils
New
Nib
Rouyn
_
Merger
Yellowknife
Aug
Preferred
12c
Jun
Aug
Teck-Hughes
3,750
Norzone
3c
56,000
33,641
20c
Aug
Thurbois
18,500
New
4c
Mar
Toburn
80
Mines—.aIa....a—.
Gold
Noranda Mines
Norpir.k
Torbrlt Silver
.
Mining
Gold
Mines.
Mines
Northern
Canada
'.
Transcontinental Resources
Union - Gas
Oil
84 VaC
172
....
.———
—
Mines
39%ts
35 %C
—•
-
46c V
2,160
38o
14c
United Corp class B
United Fuel preferred
Aug
86,000
,44c
Apr
"B"
Preferred
Star
87C
.
,
Union Mininga——aa—a-
—.
North Inca Gold
'Preferred
Mines
Toronto General Trusts
_
Norseman
North
—
Mines
Nipissing Mines
Normetal
Mines
Gold
Tombill
Nicholson
Gold
Thompson-Lundmark Gold Mines.
5%
5%
1.72
O'Brien Gold Mines
6%
5%
common
—a-_a—.a—
1.77
1,375
Okalta
50c 51 Vac
—
Oils
O'Leary
1.32
17c
21c
4c
Malartic
1.40
4c
'
1.40 Mar
;
...»
8% May
2.35
4,'500
2,800
37,000
50c
92c
10c
Sep
Jan
Mar
3c
July
July
Waite Amulet
Exploration
6
Vic
9%c
4,100
95,200
5c
(Hiram)
Wekusko
Feb
9.45 Aug
—...
Waterous Ltd
Jan
7.20
Ltd
Ventures
Walker
Gold
Omnitrans
Sep
Apr
1.95
,
Steel
United
V-
Omega
Jun
17
Upper Canada Mines.
Ogama-Rockland
Jun
49%
—
5 % Apr
2,050
United Kefto Rill
3 % Mar
500
-
25
—
"A"
——
&
(G
W)
26%
common—_
Consolidated
;
26%
-a
31% May
27%
12
13
—
13. v
July
19 %c Mar
12c 12 Vac
12c
'
Westeel
Orange Crush
Red
Orlac
Oslsko
Western
Grocers
18%c Feb
Mines
1.15
Jan
Class
A
Mines
Pacific
23,100
—
Petroleum
Page Hershey
1,900
Paramaque
(Geo)
Preferred
_
34
21%
21 Va
32%
...
32%
25
3^',
25
25V#
99%
99%
—
:
i
Aug
Jan
36% May
33
25 Va
.—.
Wiltsey-Coghlan
•
—
com
—
Winchester
Tubes
Jan
28
101%
Jan
——
Larder
Wingait Gold
Pamour Porcupine Mines Ltd.
Parbec
14%c July
80c Mar
common
-
.
Weston
Osulake
34
—
——
10% Jan
;
Lake
Lake
Products,
—
—.a——.a—
Mines
Winnipeg Electric common
Wright-Hargreaves ——.
Malartic
Paymaster Cons Mines
Pen-Re? Gold Mines
Perron Gold
Piccadilly
Yellorex
—.
Mines
Yellowknife
Bear
Mines
__
a--—a--.
Ymir Yankee Girl——.
Porcupine
York Knitting class A
Pickle Crow Gold Mines
Class B
a—
—
Porcupine Peninsular
Porcupine
Powell
Reef
River
Gold
;
•
'
.
—,
Powell Rouyn vtc
.1
44%
44%
56 %c
56 V»c ;
44%
255
60c
40,500
Toronto I Stock
Exchange-Curb Section
Canadian
Power Corp ——————
Pressed
Metals
Preston
East
Last
Saie Price
STOCKS—
Proprietary Mines
Purity Flour Mills
Sales
for Week
'
Range Since January 1
Shares
:
Low
Low
High
4%
109% ;
4%
111
Par
common
Brown
Preferred
Co common————————1
4%
—100
110%
Preferred
Quebec Labrador
Funds
Week's
'Range,
of Prices
Friday
Dome
a—
——
.
Canada and Dominion Sugar:
Quebec Manltou
Canadian industries common
•
aaa—;•
12%'
19
21%,21%
13.
21%"
■
895
185
0
,
High v
,-
3% Peb
80 "Mar
7,125
305
6% Jan
115Va Jun
' *-
12% Sep
19% Mar
20 - Jun
24 /a Jan
20% Apr
134
Mar
-
43% Jun
181
Sep
4% May
Queenston Gold
Vickers
Quemont Mining
Canadian
Reeves Macdonald
Regcourt Gold
Canadian Western lumber.
common
*
»38:
'
'
.
'
,
"
,
v
181
4%
180
4%
3
41
160,
40%
100
''Preferred -1:;—
4%
I
U
550
'
510
2,900
.
'»
3% Feb
v
^
i - •'
"
(
—
Canadian
Mines
Renabi
Coast
'
Gold' :a!_——1 a
Reno
Richmac
Gold
Rochette
...
Roxana
Oils
(1936).
Co
Dominion
Foothills
——
——
Oil
Russell Industries common.
Langley's Ltd common-,
Saguenay Power preferred
St Lawrence Corp— >
1st
preferred new
Reliance Grain
:
p
,
.
2nd
preferred
new,
For footnotes
see
page 44.
Minnesota & Ontario
Pend
Oreille
Southmount
__
8
49 %
1.00
39
25
1.00
100
19% .19% v
8
8
2,816
-
V:
50
-
Mar
-1.00 Sep
14% Mar
-
8
Aug
33 %c Mar
Feb
20% Mar
Paper,
International Paner common..
♦
49%
„
27
Bridge
Donnacona
■>
5
19% ,4
Paper
Dalhousie Oil
a.......
Royalite Oil
Rupununi Mines
Consolidated
Crown Dominion Oil—a a—
Gold
Royal Bank
Westinghouse —.
Copper a—AAiAAiAAA-A
Paper
:
—a
Investment
:
51% Jun
2.25 Apr
21% May
8
Aug
V','
THE
(1180)
44
COMMERCIAL
&
FINANCIAL
CHRONICLE
■
Monday, September 20, 1948
OVER-THE-COUNTER SECURITIES
Quotations
for
Friday
September
V?
17.
Investing Companies.
•
f
Sescuritles
Aeronautical
Inc
Fund
Affiliated
Fa*"
Bid
Ask
1—1
IV*
Mutual Funds—
5.05
5.55
4.02
Automobile
27
'
Axe-Houghton
Beneficial
Corp
Blair
Inv Tr
Inc
Fund
Boston
Inv
4.29
lo
3.89
None-Ferrous Metals
lc
3.51
Fund
/Chemical
Preferred
5%
4
Paper
19.05
shares
Petroleum
•.
99.00
Shares
3.90
29.44
'7.50
3.87
Mutual
Invest
Natlon-Wide
Balanced
National
Fund
Fund
Bond
Low
Income
5.44
6.69
43.82
47.12
100.0118
.0163
1%%
100.0127
.0212
1%%
100.0526
.0980
1
7.00
4.§3
3.42
3.74
I
5.31
5.80
6.19
Series
Bank
stock—
3.71
7.84
10.19
11.04
9.32
-X
9.76
8.40
9.2X
10.82
8.50
Diversified
preferred stock
1
10.76
11.79-
6.57
Electricial
equipment—
..—.I
8.21
Insurance
stock
—.1
10.01
——I
10.82
9.55
8.66
Railroad
Tobacco
8.35
4.64
Petroleum
5.20
5.65
Putnam
5.73
Republic Investors
4.44
>
22.52
24.35
Bank
Group
Stock
and
8.30
<
Investment
Bond
Co
of
Investment Trust
Group
lc
America..—1
of
74c
94C'
(Investment
B-2
(Medium Grade
Fund
1.55%
2-
2-48
11-
1-48
"bl.60
7-
1-48
4-
1-49'
bl.70
6-
1-48
11-
1-48
bl.60
1.40%
1.55%
8-
2-48
5-
2-49
bl.75
1.55%
1.60%
3- 1-48
12-
1-48
bl.60
1.45%
1.65%
9-
1-48
6-
1-49
bl.75
1.60%
3-49-
bl.65
1.50%
1.45%
v
1.55%
1.55%
4-
1-48
1-
14.89
—•
rV.-. -;;V
v*-'.
'-tV.--;.
V-'
•
V
Bid
Treasury Bills
Sept. 23, 1948
Sept. 30,
1948—.
Oct.
bl-06
0.90%
bl.07
1948
14,
Bid
0.90%
bl.06
1948
7,
Ask
0.95%
bl.07
1948
bl07
28,
1948-
bl.07
1.00%
Nov.
4,
1948-
bl.08
12,
18/
Nov.
1.00%
Oct.
Nov.
Nov
0.98%
21,
.
1.03%
bl.08
1948
26,
Ask
bl.08
19481948
1.04%
bl.08
1.04%
1.03%
'
Dec.
'
1948—
2,
Dec.
9;
Dec.
bl.08
16,
1.04%
bl.09
1948
1.04%
bl.08
—
1948
1.05%
49.13
76C
City Banks & Trust Cos.
84c
48.00
Corp_#
New York
6.72
6.20
10c
Investment
11.58
20%
19%
X
51.00
78c
25o
Bank
87c
1
17.68
Series
B
-——1
Series
C
——X
27.29
28.53
United
26.35
Wall
.
Union Common Stock Fund
21.47
1
7.53
9.62
•
10.46
Street Investing Corp
X
(Low
Priced
Bonds) .2—1
17.94
Wellington Fund
(Speculative
Bonds)—1
9.28
10.14
Whitehall
(Income pfd Stocks)
1
16.24
K-2
(Appreciation pfd Stks)_l
21.95
23.94'
8-1
(Quality
common
Stks)_l
25.66
28.00
8-2
(Income
com
Stocks)—.1
14.28
15.58
Diversified
12.34
13.46
Series E
4.73
5.17
Independence Trust Shares
5.66
-X
16.76
18.29
15.73
40
'
16.91
National
Bank
105
91'A
Irving Trust
Kings County Trust
Lawyers Trust
37%
Manufacturers
Trust
Morgan
&
:
88 V*
Bid
1001,255
Guaranty Trust
100
Industrial Bank of Commerce_10
42
101
:
15
35%
Chemical Bank St Trust
1.X0-4iy2;
Commercial National Bank ft
Trust Co
—20
42
17.73
First
312
Chase National Bank
9.71
X
B-3
K-l
9.52
Par
26
297
.—10^
.
Brooklyn Trust
100
lis/://;/'.:;,/t
/.
Ask
24%
10(F
Central Hanover Bank St Trust 20
8.23
Shares—
Fund
Income
19.32
Bid
Manhattan COi-10f
Bankers Trust
5.98
19.64
7.77
of the
Bank of New York
21.17
Union Preferred Stock Fund—X
28.41
14.32
B-4
? 43'%!
(J
P)
Co
Ask
1,315
275
234
28
_10
30
15%
1001,440
>
16"%
1,480
25
45
Co
20
50%
Inc
100
47
,
52 y2
211
217
North Amer Trust Shares—
8-3
8-4
16.44.
Fund
,
1
Loomls Sayies Mutual Fund.
5.17
Fund
Unlt^ Typ«-Trosts^/ ' . v
Trustee
•
95.67
97.62
Series
45.50
46.43
Par
Casualty
Aetna
Aetna
Se
Surety
Insurance
Life
Bid
10
75 V2
10
;
41%
.
6.77
7.80
1
2.14
1
—
Ask
Par
Insur Co of North America
10
94
98
Jersey Insurance of N Y
20
37
Alliance
10
20'A
2i%
American
Automobile
4
40%
43
5
11%
13%
Massachusetts
Equitable Assur
5
American Fidelity & Casualty_5
American of Newark.
2>/a
17%
19
Merchant
12%
13%
Merchants & Mfrs
.
Casualty
American
16;%
common
Bonding
Fire
27
29
National Causalty
10
22%
24%
National
__25
59%
61%
34
37
New
Amsterdam
New
Hampshire
New
York
Se
Shippers.
:•
25
76
54%
56%
North
Camden
Fire
5
Connecticut
General
Continental
Crum Se Forster Inc
18%
20
10
81%
84%
10
Casualty
Life
50 %
Bonds—
Employees Group Assoc
Employers Reinsurance
$ 32
•
33
Fire
Assn
of
Phila_>
of
Frisco
Firemen's of Newark—
57
10
5
14
.10
32%
2
27%
19
21
423/4
44%
8%
9%
%
22%
Fire
10
Fire
River
-
5,.
.-
,
...ft fifl
5
12.50
'"3%
10
31%
2
5%
Reinsurance Corp
Republic
r
(N Y)
(Texas)
Seaboard
Ask
24%
100
100%
Florida Pow Sc Lt 4%%
pfd_100
90
91%
96%
&
~
76%
s
6
28
75
101%
100%
95
102
101%
i00%:
101%
101
,
102
Light 8%8-^..XD77r 100%
California
J
.
T
»
'>■ "
*;
101
^
'IOC
1+
:
'
>
*'
'•>
i
^
Wisc-MIchigan Power 3s
,
^
preferred
100
100 >A
103
104%
—
Vl04'
preferred
Oklar Gas & EI 5%% pfd.
100
Public Service (Indiana) —
3.50% preferred" .—"....100
Public Service of New Mexlco.7
104%
104%
105%
76
79
14%
15
97
98
Texas Eastern
loi'/i
"
4.80%
(Minn.)
12%
13%
c#
102
100%
V '
:
Tennessee Gas Transm's'n Co—
4%% preferred
100
.
1978
A
93
•
*
.
101'A
91%
N Y State Electric ft Gas—>
102
V'w :'
1973
' *
v':
■4%% preferred
101%
.
Edison—
West Penn Power 3s—.—1978
"
29
42 %T:
Standard Accident
10
29 %
31%/
51
%r
a
Odd
Included
change.
dividend.
Westchester Fire
94%
100%
w'.s
x
>'
101'A
Tucker
Transmission—_•
Corp "A"
1
3%
78
48%
U S Guarantee
•
3s series B—
40%
U S Fidelity & Guaranty Co
S Fire
100
New England Gas St Elec—
>
33%:.
26
preferred
Kentucky Utilities 4%% pfd-lOQ
4
10
City Power & Light—
98%:
100%::
1978
..i'
Southern
27
U
k
'
10
30
"
/
K
,
10
31%
Eleo 35——1978
**
97
'
San Diego Gas So El 3s—..1978
103
12%
—
Kansas
4%
Nashville 3%S_2003
Pacific Pwr &
lo
28
*
•24
Northern,States Pwr
Surlty
Security (New Haven)
Springfield Fire & Marine
10
35
Bid
Refining
*
J
5
Travelers
33
Par
&
preferred
pfd
7%'
74
10
Oil
conv
Consumers Power 4.52%
10X'%
Ohio Public Service 3%s—1978
82
731%
70
Steam boiler
23%
-
e%
77
10
30
112
$1.20
4.50%
22'
Phoenix
5
109
79
102%
102
100%
Ohio- Power
48
15
Hartford
Ashland
14
93
preferred
10
590
-r' ?>
';/»
> 95%
New England Power 3s
43
10
American
1
:#'•
12%
M"
Great
Fire
28
40
•
Pacific; Fire/.
Pacific Indemnity Co
2nd
Hartford
560
Stocks—
100'/2
:
29%
Casualty
,
r.
70%
14%
5
Ask
100'A
1978
Narragansett
34%
Providence-Washington
5
19
1978
series N
Louisville
6%
5
58%
Falls
Hanover Fire
5%
144
A
15
Bid
28
45
Preferred Accident
Globe
Glebe St
26%
26
43
70%
Glens
Republic-..-Rutgers Fire com
25%
26
Northeastern
.
60
68%
■
Bank
Security Issues
Louisiana Pow St Lt 8%.—X978
23
i
10
Public Nat'l
:
Cudahy Packing 2%s—X987
14%
47%
10
St Paul Fire & Marine
General Reinsurance Corp
13%
21%
(Detroit)—10
Fire
Northern
35
-
Fireman's Fund
%
34
—.10 ^ 67%
10 ! 55%
Fidelity Se Deposit of Md—.20
138
Federal
3s
45%
52%
10
11
100
34
CommonwealthEidson Co— i
81
10
Boston
V
—4
National Union Fire
Bankers
1
17%
10-
Reserve—
10
%?
5
;
Re-Insurance
Automobile
28
5
Assur
American
Surety.:
."(t:27
$2.10 Prior preferred
10
$1.05 Convertible preferred.5
American
American
10
32
10:
y2"
/
Maryland Casualty
American
41
76
12
Title Guarantee & Trust
United States Trust
41
66
.
39
—23
Sterling National
15%
Arkansas Pow & Lt 3yaS
Ask
50%
American
%
Bid
43%
/
48
St Trust_17%
57
79%
2.46
Home
t 62
88%
3.43
X
79%
10
41%.
85%
>24%
Recent
25
,
39%
25
14'%
23%
2.45
1955
Agricultural
12%
Trust
76%
.
•
City Bank
York
55%
Insurance Companies
Aetna
New
Fiduciary Trust
■
Shares—
Series 1956
National
44«
—
Continental Bank Ss Trust
10
Corn Exchange Bank ft Trust_20> "
Empire Trust
50
Federation Bank St Trust
10 •
2.00
Sayies Second Fund^.10
Loomls
—,
Inc
'
■
(Appreciation com Stks)_l
(Low Priced com Stks)_.1
Knickerbocker
•:
1.55%
United States
16.01
xlO.70
Investors
Trusteed Industry Shares
Union Bond Fund series A
7.09
24.15
1.40%
Oct.
2%
Inc
Street
13.99
1
1.50%
bl.70
3.09
1
Bds).
"bl.65
1-49
27.82
1
Bonds)
1-49
3-
Par
Keystone Custodian Funds—*
B-l
2-
1-48
10.89
2.82
State
14.41
26.13
Boston.i—1
Investors Management Fund
1-48
6-
25
25.87
Fund
1.04
'
Ask
Bid
5-
1.55%
820
13.15
-
9;94
I
X
Fund
Selected Amer Shares
9.16
Due
1.55%
1.35%
9.53
8
Standard Utilities
lc
shares
lc
Insurance Group shares—lc
1
i
Shareholders Trust of Boston—X
Ltd—
Dated
1.35%
bl.55
7.85
8.70
1
Sovereign
8hares
7.12
;■
■
Ino^—X
Scudder, Stevens Sc Clark
5.42
Rate
5 bl.55
1-48
6.75
Russell Berg Fund
5.28
,
Trading
(Geo)
Ask
1-48
10-
Oct.
1.68
Group shares
6.16
—X
...,
&
Bid
Doe
10-
2.69
4.27"
4.73
Aviation
equipment
7.70
4.99
Institutional
.9727
6.38
Railroad
2.46
5
.0312
99.9553
1949
.9800
1-48
12.68
5.82
X
—
11.57
Steel —-m——X
1.62
Investors
.0124
99.9661
10.93
X
Utility
Public
7.91
4.38
Incorporated
.0163
2-48
17.59
Pacific Coast Invest Fund..—X
;
Dated
.'9.49
5.84
1
Inc
Fund
100.0118
100.0153
1-
10.47
5.38
lc
shares
—
7.29
Income Foundation Fund_—10c
Utility
1948 Series J
>0172
100.0035
—
11.86
——1
X
Machinery
6.76
Howe' Plan
1949
1, 1949
U%s June 1, 1949
9.00
16.05
/
6.23
4.08
100.0099
1949
1,
tl%s Apr.
5-
1.55%
11.29
8.85
lc
lc
1,
Mar.
.0214
1.35%
11.96
9.97
shares—
tl'/aS Feb.
Indebtedness—
Ask
.0164
100.0130
1.45%
11.86
10.91
8.16
shares
—
Bid
100.0118
Federal Intermediate Credit Bank Debentures
Rate
10.70
1
——
Diversified Investment Fund-1
9.50
Tobacco
120%
Indebtedness—
of
Oct. 1, 1948 Series K
|iy«s Jan. 1, 1949
*1%S July 1,
13.25
shares—lc
Steel
lis Oct. 1,
6.99
7.89
*
119
7.38
10.64
7.27s
,
1961
'///:/,
tlVe
10.21
6.38
Metals
•
100.3
4.02
12.09
8.33
lc
—lc
100.2
100
15.51
6.73
' :
:
*
bond series--,—«.lr
Industry—_—X
7.68
lc
lc
1950
Certificates of
Inc—
Merchandising
shares
100
1949
15, 1949—
4.05
3.68
.
fi.05
shares—
22,
*1*
»•
6.77
14.46
supply
5.15
Bond
tApril 1,
7.65
4.51
1
—
-X
7.99
RR Equipment shares—
Railroad stock shares
,
1%
1949
—
4.74
Railroad
..
1948
Fund-
7.37
Petroleum
.
/'
1,
IJan. 1.
—
shares.lc
lc
Merchandising shares
lc
Mining
shares
lo
i
100.2
MaturityCertificates
tOct.
-X
lo
Investing Company
Low Priced shares
Price
Treasury Notes—
Aviation
--lc
Institutional bond
July
1%S Sept.
Ask
7.39
1
Stocks
6.08
Fully Administered shares__lc
bond shares—
lc
Industrial Machinery shares lc
Bid
7.13
Automobile
5.60
General
<
Int. Rate
6.76
Series
Agriculture
Corporate
.
1.65s
Dollar
Maturity—
6.52
"
5.66
5.28/
York
New
6.05
15.32
5.81
lc
lOu.4
100
30%
13.98
Equipment shares lc
9.52
I
Diversified
shares-
Food
Ask
100.1
1949
U. S. Certificates of Indebtedness
1
Series
Series
England
7.29
Electrical
8.81
Low Priced Com Stock Series 1
New
6.66
shares
A Bid
1949
15.
Panama Canal 3s
15.50
1
6.72
shares
Aviation
98.16
100.24
—1
Bond
Stock
Chemical
Building shares
20,
l%s Apr.
;
Other Jssutt
1
Series
6.14
Chemical
100.12
97.28
14.24
—1
Stock Series
2.02
2Oj/4
10
14.18
13.27
series
Priced
Preferred
26.18
1.85
lc
lo
shares
Automobile
1
Investors
Building
Securities—
Agricultural shares
Inc
Securities—
Corp
National Security Series—
4.03
24.22
Group
1, 1955-1953
97.16
8.22
16.66
1
General Investors Trust—
98.4
2%s Feb.
12.42
Selected Group
15.58
First Mutual Trust Fund- —X
2
Fundamental Investors Inc
Fundamental Trust shares A—2
1
General Capital
Corp
Jan.
point
Banks—
27.72
11.29
Industrial Stock Series
23.91
10
1%S
Loan
4.85
25.64
14.41
i—20o"
Corp——
Boston
First
Home
a
4.87
1
25.56
5
1952-1950
1, 1953-1861
4.45
4.40
4.42
,.1
31.66
1
Equity Fund Inc
1,
5.00
yi
13.37
Fidelity Fund Inc
-.
Financial Industrial Fund Inc-1
4.04
lc
lc
Manhattan Bond Fund Inc—10c
18.91
17.26
1
Fund
l%s May
1%S Jan.
4.50
Mass Investors Trust
8.52
17.60
Baton Se
Stock
4.08
lc
shares
shares
Speculative
HowardBalanced
Fund
100
3:>nds of
more
or
20.59
851
16.28
Steel
Investment
Fund
Delaware
Dividend
* 99.24
one
Federal
3.87
2,940
com__100 2,840
148
100
142
6.09
5.60
1
15.84
14.49
--1
1.58
1.44
250
Securities
Christiana
Commonwealth
Ask
4.29
16.53
Bid
1%S Oct. 1, 1850-1948-
4.73
Home Furnishings shares
3%
1
1
Trust
Shares
Century
3.59
Electrical Equipment shares-lo
General Industries shares-.lo
4%
Ltd
1
Fund Ltd—-—1
Fund
Canadian
4.36
3.25
8.28
Mass Investors 2d Fund
Bullock
3.95
9%
95.04
10c
5
Bowling Green Fund Inc
Broad Street Invest Corp
3.93
15.2X
•
—1
of America
3.56
7.66
1
1
:
Corp
Holdings
Bond
lc
shares
9%
Fund Inc——-1
Fund B
5
Axe-Houghton
Federal Land Bank Bonds—
Business Equipment sharea.lc
Drug shares
lc
2
A
"v;,'-
4.18
Associated Standard Oilstocks
series
Figures after decimal point represent
Ask
3.81
American
Shares
Bid
Par
Managed Funds—
% 4.40
25
Holding Corp.
—10
Business Shares
1
Amerex
Obligations Of Government Agencies
Mutual Funds—
100
590
615
~
x
Ex
n
46 %
49
10
70
74
•No
2.80
32
34
dlvldehd
-52
range).
^
e Ex-Interest,
Admitted to trading N. Y. Curb,
(Un) Admitted
48%
•
(not included In year's
range).
year's
dividend,
2
4
-.
lot sale
in
y
to
Ex-rights,
Unlisted
z Ex-stock
f Flat
r
b Big yield price,
price,
Cash
k Admitted
sales
Trading privileges,
d Deferred delivery sales
to
listing
on
N.
Y.
(not included in year's range),
w
4
d When
delivered,
w
Stock
(not
Ex¬
tEx-stock
1 When
Issued,
dividend.
-
par
paid
value,
on
tin
May
default.
10.
XThese
bonds
V/:/
are
subject
to
all
Federal
taxes.
TEx
Sit
cam
'
Volume
Number 4735
168
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
•'
Bank
*
week
clearings this
will
show
based
us,
increase
an
upon
compared
with
ago.
year
a
Third
telegraphic advices from the chief
s.
Federal Reserve
11947.u At this center there-is
^oijrespondin^ week last year. Our prelim¬
agaipst $14^365,440,632 for* the same week-in
a
j
•
>
' /
V-
.
.
'
1947
.
689,230,806
mz
$7,087,624,033
1,011,000,000
1
494,997,461
;
St. Louis-.
;
>•
322,500,000
SEE
San Francisco*.
8,001,611
8,139,041
4,539,226
686,567,041
392,133,235
Baltimore.
;
838,439,105
+16.3-
Total all cltles for weefc_
—23.4
6,240,310
6,118,957
776,141,752
—11.5
834,367,018
687,156,-449
"
1,597,373
.
8,723,505
—27.6
5,823,357
—17.4
28,651,800
+ ' 7.8
24,744,800
3,778,447
■+- 2.0
4.127,491
120,829,212
131,688,991
278,511,002
3,942,263
30,885,500
»'
,3,854,397
.5.698,846
211,893,450
251,050,961
—15.6
616,630,703
740,373,122
—16.7
6,558,645.
—13.1
245,492,717
19,073,600
,
2,749(242
6,010,504
.
•
267,671,245
4,430,059
237,778,014
+ 36.2"
Total (7 cities)
1
:
.
—22.6
Fifth
_
Federal Reserve
District—Rlehnaeatd—
Virginia—^Huntington—^.*4—...
1
2,346,609
$15,676,452,072 $14,365,440,632
District of
5.a'
+
11,569,000
-
116,723,352
-634,480,335
,
"
5.4/945,353
/
3,426,405
2,223,097
—13.2
•
1,670,904
4
9/021,000
—10.8
6,758,090
132,454,391
112,455.454
4.8
3.812,266
2,941,263
153,034,508
+ 30.8
172,599,564
157,950,324
71,006,346
—22.6
65,667,206
51,144,659
385;777.524
332,820,604
.
.
200.181,962
-i f
—16.9
-
130,907,656
3,592,200
,
Columbia—Washington—.
Total (6 Cities)
gip|
2,824,422"
9,459;000
Richmond
Maryland—Baltimore
>.798,414,641
718,392,162--
-
.
"
i?
Virginia—Norfolk
1.4*'
2,711,090,490
..
5,949,940
5,925.653
—19.7
Youngstown
$14,838,012,967 $12,567;025,991
—t
7,907,734
152,165,820
South Carolina—Charleston
Total all cities, five days
2,014,197
1.7
289,443,944
Mansfield™.
West
All cities, one day...
3,386,709
4,085,927
6,317,343
•
t
4,736,739
2,094,900
—
+ 16.3
257,466,366
2,747,908,495
i
0.3
—
232,303/380
;
Pennsylvania—Pittsburgh
$12,090,104,472 $10,855,935,501
Other cities, five days.
'
650,339
.—18.9
.125,677,787
„
1 Columbus
+13.5"
288,070,346
*'
189,051,068
Ten cities, fWO
Federal Reserve District—Cleveland—.
Cincinnati..^
\
289,295,882
336,'319,433
Cleveland
662,000,000
1,990,905
3,717.041
-
Pittsburgh
800,000,000
2,933,296
3,015,531
•'
361,428,000
420.427,000
—11.5
—10.4
Cleveland—
1.1
+
284', 100,000
742,000.000
-
865,016
%
;'+14 .1
293,322,184
2,013.532
1,216,466
<^.12.1
\ +15.1-
489,768.140
334,629,225
2,991,914
2,363,443
+11,5;
'
KensasCity.
—28.3
2,692,615
•
878,000,000
769,481
2,991,686
4,545.184
Ohio—Canton..
n
708,865
1,450,877
—
2,214,844
.
;':i
,—-
v
York—
626,860,050
-.
8 3
+ 11.0
—42.4
2,412,570
Fourth
$7,899,816,244
-—i—Ll.A.;:'/..'
t
»: )
1948
1
%
1,360,268
3,994,748
com-
1945
%
1,382,279
657,000,000
>
.
Total (11 Cities)
Week Ended Sept. 13
New York
i,
_
Wilkes-Barre
Clearings—Returns by Telegraph
-
1946
1,024,542
2,143,937
Scranton
*•
~
939,083
New Jersey—Trenton
Our
•
.
or
Dec. %
Delaware—Wilmington
gain for the week ended Friday of 11.5%.
parative summary for the week follows:
Inc.
795,696
7
Philadelphia
Reading
above those of the
$
1,509.795
Bethlehem..
ings will be 9.1%
1947
District—Philadelphia*—
Lancaster
inary total stands at $15,676,452,072
1948
-
Chester...,
for all cities of the United States from which it is possible to obtain weekly clear¬
*
..
Pennsylvania—Altoona
cities of the country, indicate that for the week ended Saturday, Sept. 18, clearings
,
V.
%
Preliminary figures compiled by
,
•:
>
387,248,476
372,768,337
,
+.
3.9
+
'
j
.
Complete and exact Retails for thei
ib
issue of; next week.
out
Sixth
sek covered .by the.-foregoing^will, appear
w
We cannot fi irnish itliein today,
f
.
are
statementj,
owever,
which
there;wis
For that week
a
decrease
:,v
Macon
•
present further below
we
of
Mobile
;
^ the week;
clearings for the Nvhole? country having amounted to $10,lfi4,864,998
lif5,104 ih the same, week in 1047. Outsiile of thiscity there 'was
the
a
against $12,538,-*
a
®
loss of- 24.8%, in the Boston;
Reserve District of :1 L5%.-
decrease of 25.0%.
Reserv^ District of 174% and in
We group
Seventh
and
In
Reserve District of
In the
Week Ended Sept. 11
1st
2nd
3rd
J, 4th
•
New
cities
York
5th
Atlanta
Sioux
7th
!■:
8th
9th
10th
Louis__
Minneapolis
7
Kansas
__
12th
.
San
4
Francisco
"
-
—-
Outside
New
l,v We
now
York
week ended Sept.
—11.5
834,367.018
740,373,122
—1G.7
718,392,162
+
3.9
—
2.3
409,203,802
—
834,809,809
44,460,082
i
470,096,871
j
254,078,271
343,174,312
—16.2
674,603,971
624,325,619
10,164,864,998
12,538,115,104
—18.9
12,584,530,734
6,306,732,292
—12.9
5,970,162,487
1,316,700
^
|
1947
$
—
^
,
7.7
1.813,686
1.884,705
—
4,569.6\7
3.8
*:
;■
-*>
388,234,699
»
1,
z.
13,211,482
;
941,537,924
—20.4
834,809,809
685,7)8,035'f
—14.7
225,900,000
204,400,000
0.1
4.6
95,263,763
65,676,007
44,652,167
1,390,797
1,238,525
388,230,567
331,871,526
+
—
i>
1,669,635
1,991,818
—16.2
371,399,455
409,203,802
9.2
•'
Federal
Reserve
District—Minneapolis—
'
5,558.789
7,273,576
—23.6
6,851,910
5,800,929
255,950,072
324,750,936
—21.2
249,178,917
214,885,551
79,309,596
—
77,569,966
63,321,418
61,559,411
+
2.2
:
>
—-
5,762,962
4,616,511
—15.6
2,910,886
2,302,530
4,110,750
—10.8
3,171,764
7,213,615
5,143,194
+ 40.6
6,976,455
2,671,630
5,457,324
362,296,542
430,174,914
—15.8
343,174,312
297,293,876
Helena—
Total (7 cities)—..
Federal
Reserve
489,671
1,460,055
! 7.ai2,250
5,473,027.
6,697,172-
—10
—16.6
—19.4
4;
.
;
467,062,957
19.366,427
\
3,515,722
"
59,873,351
•
1,341,035
1.847,074
4,674,179,247
J
15,503,530
25,973,200
Jersey—Montclair.
1,209,293
489,636,609
31,831,745
2,650,890
83,827,683
—28.6
84,582,997
i
1,530,173
—12.4
]
.1,979,514
—
4,645,555
9,949/708
'
238,570,479
7,039,154
;
^
7,445,507
223,559,796
7,282,503
2,309,484
+
9.9
1,938,023
1,415,653
1,884,673
+
0.5
1,818,876
1,271,057
(
363,661,415
336,850,105
470,095,871
—16.2
;
6,957,588
204,670,000
21,071,228
—10.4
—
3,710,896
6,514,019
7.1
131,113,000
170,606,000:
24,912,390
—15.4
—
4,296.000
5,258,584
—18.3
3,991.000)
-—-—
3,598,941
+17.0
2,767,429
1.788,118
8,311,789
6,209,728
211,637,210
162,952,321
Fort Worth
—
9,190,381
3,076,977
9,202,732
—.———-———
234,580,125
254,078,271
Louisiana—Shreveport
Total (6 cities)
16,876,579
19,446.373
1,410,284
,
6.7
1,828,810
3,354,000
|
—15.7
19,793,161
—15.4
11,234,343
1.4
10,467,934
5,049,743
—24.8
5,045,894
117,058,701
9.7
100,102,170
3,676,712
77,506,590
—
6.8
42,259,399
30,883,522
—
8.5
+
*
48,612,517
9,156,736
7,579,892
—21.7
348,744,571
—17.1
9,785,716
11,187,580
8.527,383
8,618,957
6,006,429
7,406,574344,653,203
—12.5
301,326,000
10,336,162
8,608,404
3,125,236
3,773,944
—17.2
3,727,511
2,390,156
Stockton-..————--
6,018,088
8,207,535
—26.7
6,863,591
4,961,601
594,839,322
674,603,971
—11.8
624/325,619
544,001.263
10,164,864,998
5,490,635,751
12,538,115.104
—18.9
12,584,530,734
10.953,885,132
6,306,782,292
—12.9
5,970,162,487
5,052,679,443
'
7,553,855
'•
V
'•
1tif
1
•
/
"
,
4
,
i'
•
I
>7,811,678
10,262,123
100,022,892
Santa Barbara
1
18,384,104
+
•>
95,403,732
289,261,830
San Jose
♦
11,151,970
'■
—17.7
5,936.877
—
San Francisco....
5,901,205,689
0,431,045
:
115,232,752
8,379,325
Pasadena
1,383,902
6,614,308,247
7.7
45,320,674
Utah—Salt Lake City.
California—Long Beach—
1,109,254 '
.
—
0.1,
District—Ban Francisco—
Washington—Seattle.....—94,825,573
Yakima
r
3,796,706
Oregon—Portland
—
128,389,297/
1,729,232
70,024,210
—
1
Twelfth Federal Reserve
20,325,551
I
—25.0
—
* 6,231,332,812.
+
4,868,431,885
+
630.325
v
'
37,456,292
14,485,355
,
581,660
328,341
7.3
36,212,383
—13.8
42,773,230
,
—24/8
6,473,778,907
Total' (iifctties)
^
26,487,829
—
43,454,508v
vV
Total (10 cites)——
Grand
—18.4
36,983,875
'
6,857,735,690
35,902,302
-
6,088,347,198
Outside New York
—
^••Estimated.
•
,v..
t
m-i "»»
V »-
,<*«'
#-»
'
»
m-
'.»•
'«
ear
#
44'
w.
w
We
«*•-
:
,
JFigures previously erroneously reported for Terre Haute as clearings were
therefore being eliminated from the tables untU clearings are received,
Haute, is
■
'■I'.*
86,406,884
,,5,364,916
-
—23.8
190,187,870
■———
Wichita Falls
404,501,295
5.4
34,226.896
Northern New Jersey-
,11,181,975
6,235,705
Dallas^.
883,808
—39.3
514,534 ;i
Newark
.
502,333
5,067,778
91,876,800
f
.
1.7
—17.5
259,362
612,473
-
-
.
19,156,800
10,404,505
.
.393,970,815
Texas—Austin—
■
-SyracuseConnecticut—Stamford.
+
,
i
6,565,025
—17.6
2,339,682
'
—18.6
311,732,319
2,539,005
1,893,806
Total (10 cities)——
17,814,010
9,476,961
—24.4 n
31,901,638
2,212,899
.
11,366,917
257,146,450
Galveston
>
21,294,160
.
—14.5
1,520,783
;
117,121,485
6,321,182
—14.7
5,145,822
11,560,852
323,649
5,760,984
>1.
Eleventh Federal Reserve District—Dallas—
3,877,167
5,584,715
v
3.2
—
22,419,800;
1.150; 195
,
7.4
10.1
—13.2
1,301,852
2,062,682
+
833,808
-.6,889,046
99,949,888
■;
Pueblo.
498/450
455,082
*750,000
5,970,599
Colorado—Colorado Springs
342.416,626
-
District—Kansas City-
Nebraska—Fremont
1,213,630
*1,683,227
—21.1 "
304,859,751
.1.
hi"
7,454,684
3,871,808
\
2,040,796
8,982,411;
19,174,100
...
.r.._—--,-Af„.
81,580,834
•
3,667,115
•:
903,189
5,076,350
t
8,605,179
') Jamestown
Total 12 cities)
2,236,997
•749,705,051
(10:: cities) .-.—2:1--——.^.
Wichita
407,816,616
^
22.595,436
-
5,997,818
Neb York—'
New
2,585.473
2,930,046
Montana—Billings
Beeond Federal Reserve Distrtet—New York
Rochester..
3,872.977
—22.8
7,327,711
3,840,846
—31.7
4,232.375
New York-.
—12.9
3,269,644
;
■
—11.4
4,930,293
4,109,287
'"S
Kansas—Topeka
4,627,309
.
—19.1
1,026,538
1,793,007
.
—18.1
2,014,450
-
"
.
■fat
I; 11,457,726
;
V:
Omaha
$
—15.8
701,043
.—
Bmlra
751,357
2,687,564 7. .' ,1,726,059
"
8,825,918
8,067,209 '
South Dakota—Aberdeen—
1945
1946
Dec. %
1,630,234-
Total (12 cities)...
1
'
550,768,484,
North Dakota—Fargo
~
Inc. or
$
1,610,546
Buffalo
9,440,416
*
855,121
657,541,302
3,174,272
Lincoln
3.846,006
New Hampshire—Manchester.*
>
+
4,313,637
10,149,074
•
^
Hastings
317,797,021
;
—22.0
-
_.fi
Missouri—Kansas City
—
Blnghamton
3,176,853
»
2,575,857
17,763,106
•A-
8,708,723
+ 16.3
2.479.4G1
38,429,999
2,920,120
23,520,290
—21.9
.
—
St. Paul
detailed statement showing the figures for each city for the
Island—Providence.,
;
1,132,288
739,451.367
\f:
5,052,579,443
.
!
2,985,354
-
52,502,192
1
,'
—14.7
577,493,163
Minneapolis
10,953.885,152
5,490,685,751
Worcester
•
14,325,967
'69,976,696
544,001,263
Mbw Bedford
Rhode
—3 0.9
t
—11.6
103,135,283
397,293.876
^
—11.8
594,839,322
Massachusetts—Boston—
New Haven
•?:
—17.6
3,589,401
>
12,219,893
«■■
Ninth
336,850,105
-
Connecticut—Hartford
53,956,3C6
:
234,100,000
331.871,526
162.952,321
____
Springfield^—
4,325,100
>
-
3,180,797
•'
V 34,457,000
685,718,035
<
388,230,567
44
...t
K1
332.020,604
363,661,415
Portland
>
"...
22,138,609
66,783,972
..^448.692/125
211,637,210
i-i-
.
.
V 26,651,560
3,173,019
—
St. Joseph-
Lowell
t
"
...
Ball River.
+.16.9
—
Total (4 cities)
first Federal Reserve District—Beaton*
;
5,458,016
;
199,700,000
11, for four years:
Maine—Bangor..
44,146,000
—
'
Minnesota—Duluth
9.2"
Week Ended Sept. 11
;
3,703,991
-!1 4,699,727
103,245,848
634.480,335
532,782,799-
—15.8
430,174,914
393,970,815
cities
6,205,639
8,725,806
6.6
t
—
687,156.449
385,777,524
!'
—20.4
941,587,924
|
371,399,455
234,580,125
111
780,297
9,375,214
-
1948
M Clearing*
1,173,703
V
.
—21.4.
44
.10'
our
—15.2
1 5,228.890
.
—12.6
6,381,979
Tennessee—Memphis..
Illinois—Quincy—_._.^_—w—..
44
6
448,892,125
;
'
362.2£6,542
City.
add
—58.1
10,492,796
.!
5,555,890
City
Tenth
,
+/■•- 2,774,224
-
Missouri—St. Louis
776,141,752
528,244.276
mm
Total
}
__..
532,782,799
Kentucky—Louisville
6,088,347,198
44
10
City...—
2.3
$
$
6,857,735,690
372,768,337
749,705,9$1
;
—
Eighth Federal Reserve District—St. Lonis—
—24.8
516.334.932'
.
299,546
92,031,970
49,277,000
...
v::5
44
4
4,772,586
439,494
114,256,927
43,048,000
Decatur
404,501,295
387.248.476
ft.
6,350,581
6.3
—25.0
V'+ 5,191,530
.
Chicago
>
483,636,609
'44>
16
Chicago
St.
11th Dallas
t
v
1945
—17.6
'
016.630,703
.10
,h
69.227,924
r
528,244,276
-
4,108,214
Illinois—Bloomington
:
6,473,778,907
n
44
—13.1
...50,421,431
487,198
v
'
l#
6
.
—
.
--1,101/183
Springfield;
467,062,957
606,567.041
7
.
Richmond
1
i$
5.6
2,884,642
65,040,018
71,464,171
106,129,918
1
...3,897,075
Iowa—Cedar Rapids
Des Moines
and in the
1946
Dec. %
$
384,859,751
4.866,431,835
11
Cleveland
•
Inc. or
—
2,753,848
3,393,850
"
Wisconsin—Milwaukee
the-Kansas.City Reserve District the
1947
it
.13
Philadelphia
6th
-
$
Boston
1
—
Terre Haute—.
by Federal Reserve Districts:
,
6,675,383
4/681,958
District—Chicago—
Peoria................^,.1^
1948
:
/
Reserve
South Bend
i
Total
Reserve District*
Federal
Indianapolis
■\
Federal
•V
f.,:518;094,
516,334,932
Rockford
summarjy
a
166,600,000
-
3.6
+
—21.7
;".J
Indiana—Fort Wayne—.—.—
the Philadelphia
11.8%
following we furnish
76,666,834
Lansing-.-.—,—
totals record a loss of 16.2%* in the Dallas Reserve District of ,7.7% and in; the San
Francisco
.},- )
Grand Rapids
The Richmond Reserve District has managed to enlarge,
tyQnneapolis Reserve District of 15,8%.
'
Michigan—Ann Arbor
the totals,
decline of 20.4%. in the St. Louis Reserve District of 9.2%
a
'-*-5
71,632,473
79,603,820
Total (10 cities)
its totals by 3.9%,. but the Cleveland Reserve District totslsare smaller by 16.7.%,
and the Atlanta Reserve District totals by 2.3%.
In the Chicago Reserve District the
totals show
3,523,227
>5,801,760
;
^
'
.
(including this city)
f»how
—14.3
13,960,776
46,239/402
14.029,564
gain of 11.9% '
cities according to the Federal Reserve Districts in which
biey are located
this it appears that in New Yojrkj District
from
4,821.814
-v.
3,650,635
72,352,971
:
•.*•
194,900,000
56,059,047
Mississippi—Vicksburg
Louisiana—New Orleans—J
'•
58.226,236
+ 26.2
'
v4,131,466
+
-
Alabama—Birmingham
18.9%, the aggregate of
—15.9
—14.3
<
227,600,000
^
Augusta
»
•
15,539,572
62,467,657
*180^300,000
53,554,943
'*■'
the. bank clearings at this center having, recorded
13,062,196
Nashville
Florida—Jacksonville
able /to give final and complete- n isults foi^ tbie weelt previous
dndecf Sept, 11.
District—Atlanta—
Georgia—Atlanta
Sgtiircfay, and the Saturday figured ate not available at time of going to press.
AccorHmgly^ in thfbb6y£
Of the week in: all cases.has to be: estimated.
In the elaborate detailed
Federal Reserve
Tennessee—Knoxvllle
iba^uch^^ the webk
ends
we
45
WeekEndedSept.il
THE
*
(1181)
*r
W*" i#
m
,
„
....
_
actually debits.
Terre
if such are available.
i**
46
THE
(1182)
COMMERCIAL
FINANCIAL
&
CHRONICLE
ing tenders, and the page number gives the location in
were given in the "Chronicle."
Foreign Exchange Rates
'
Pursuant to the requirements
give below
which the details
notice
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
We
to the Secretary of
Caribbean
CERTIFIED
RATES
EXCHANGE
FEDERAL
BY
SEPT.
10,
RESERVE
1948 TO SEPT.
Noon
16,
TO
TARIFF
UNDER
ACT
in
Value
State3
United
1039
1972—Sep
20
1039
1
548
l
543
&
-
Sept; 14
.
.
V
.
Sept. 15 •
$ /ft././
.
Australia,
.297733°
.251247°
.251247°
Closed
.200000°
.297733°
.200000"
.200000*
;; .200000°
>
15-year
of
IViVe
States
American
3.212296
.022837
.022837
.022837
.054406
.054408
.054406
.054406
.05440b
1.000000
1.000000
.918750
.519140
preferred
1.000000
Cleveland
1.000000
Co.,
Union
dated
Chechoslovakia,
Denmark,
■
krone
England,
*
France
.020060
koruna—
sterling
4.031434
——
.917187
.020060
.208535
.208535
-
pound
ft .020060
Closed
•
ft.
.200535
.020060
.203535
5
65?
„
Date
Pace
.
debentures due
1962_Oct
stock
Terminals
4.031484
Official
Free
.004671*
.003232°
.003221*
.003215*
.003205°
.301678
.003236°
——
.
/
.004671*
.004671°
—
.301678
.301678
.301678
,
1
141
1
939
1
940
Co.—
.
5'/aft
Oct
Oct
and
Lake
India, Dominion
'/ Mexico,
of,
rupee
•ft
peso
Netherlands/
1.000000
pound
.
'•'ft .'.ft*•
.
.375733
escudo
.
krona
1000000
1.00G000
.914583
3991542
3.991542
.916250/;
3.991542
.201580
.201580
.201580.
.040325
.040321-
.040321
Switzerland, franc
South
Uruguay,
peso—
.091324
.091324
.278228
.233629
.233629
.233629
4.007500
4.007500
4.007500
-
Africa/ pound
———.—
New
.040321
.278228
'.
—r~——
.091324
ft
.091324
.278228
,
ft/ft/
———
../
• •
#0
■
• 0
• #
1st
and
S'/aft
1st
A -h
Assets.--'ftft
.
•
/ft/ftft/ft'/ •/:////■;
certificates,..^
Redemption
fund
for
F.
1947
//> $
f
57.998
+
v'c
Discounts
and
,•
+
2.001
22,591,647
reserves
+
59.999
+
32.042
+
11,661
26,596
+
153,786
A'
899
264,365
...
advances
Industrial loans
283,565
—
930
■»
1,866,450
+
:
7
+
84.552
—
v
Bills
ft-//ft///ftft--—/u—
■
6,135,872
—
Total
U.
Total
S.
Govt, securities-
loans
Due from
R.
—100,200
-
and
21.205,005
securities—
Up collected
other
■
banks—
49
i
—
61,?99
+
28,407
3,497,516
ft
:
—
;
,
—
:
152,821
21,878
~
48,172.500
notes
+
24,056,310
1,130,826
Assets-
acct.
18,736.599
acct.
661,043
Foreign
—
Other
ft
509,587
■
+919,827
ft
U.
420,649
20,247
—
i
34,386
—
463,300
deposits
20,272,833
availability items
Other liab.,
/■'
;
+ 253,026
3,065,847
+ 944,880
+
370
incl. accrued divs.
to
brokers
and
+
128
+
13,803
liabilities
Capital
Capital
Other
+
128
+
Surplus
Other
47,408,793
—ft-ft 14,931
dealers
for
+
or
S.
Other
1,974,610
+
,310,811
—
accounts.
capital
of
*
serves,
;
note
to
deposit
liabilities
Contingent
ft
certificate
Loans
4,795
for
respondents
Commitments to
...
and
"
F.
R.
bills
on
foreign
+
+
securities
loans
S.
for
ftftftftftftftft.ft^ft.ftftft
purchasing
Government
or
k
to
379
\
obligations
4,128
"
banks.
.
1
Cash
.
c.
-"ft
• ;
."
\,
in
+
43
+
+
17
+
—■
62
—
64
+
17
+
-
'
"
6%
H **
1936—
IS
165.
§Vol.
Dec
167.
1
IVol.
164.
second
a
table in.
rec¬
given
cases are
in our "General Corporation
Department" in the week when
name
announced
this week
Company
are:
Petroleum
(quar.).
Co.
1
10-
1
12'/ac
(quar.)
Insurance
10-
2'/aC
—
(quar.)
(quar.)
9-25
9-25
9-25
1
9-15
10-
40c
9-15
10-
37'/a C
(Hartford)
Holder4
Payable of Ree.
IV2C
——
-com.
When
Share
preferred
Aetna
1
9-16
5c
10-20
9-30
12c
10-29
9-30
25c
10-
6
9-24
50c
deposits,
except
Government—
+
101
+
67
+
42
—
5%
—
+
1,228
'
.
preferred
10-1
9-15
Allied
Products
Debits
to
demand
during
U.
8.
Govt,
4ft
+
W..
*
+
+
+
178
Felt
One
185
/
,
5
+
;
+
418
/
354
•
254
.
figure
317
•ft
.
1*
'
634
'U—'
loans
I*
m
*
*
r»
*. :■»
«
*
-,M
„
not
of
be
/
;
1
9-23
9-30
9-21
but
cash
will
1
9-15
shares
be
dis-
share
of
Detroit
Edison
Co.
Additional
dividend
6%c
American
Screw
Co.
$7
Power
preferred
Arkansas
&
(irreg.)
4%ft
pfd.
conv.
Corp,
Associated
9-17
9-24
11-1
10- T
9-23
-$1.50
10-
1
9-15
$1.75
10-
1
9-15
9-30
9-15
(quar.)
20c
—
rV
;/
10-
1
10-
1
9-16
25c
(quar.)—
25c
59 %c
com.
(quar.)
(quar.)—
Electrical
10- 9
(quar;)—_
————
„—
Armstrong Rubber Co.,
Arundel
9-30
$1.25
pfd.
Co..
9-21
9-30
10C;
Gas
1
50c
(quar.)-
(quar.)
9-30
10-15
10-
12 ViC
,
Light $6
Western
11-
25c
1
11-1
37'/aC
Co
Spring of Holly iquar.)
American Zinc Lead & Smelting—
.T
10-
9-21
for
common
Fractional
American
"U- '/v-V
9-10
(stock dividend)
Edison
held.
$5 prior preferred
Angerman Co., Inc.
19,717.
9-20
9-15
tributed at the rate of 28c for each l/75th
oash
9
+
9-30
9-30
$1.50
Detroit
issued
$1
>
;
50c
75c
v
—^
(quar.)
(quar.)
shares
75
Ordinary* (interim
Associated
Redemption Calls and Sinking Fnnd
in^
31
9-23
10-
10-
1
"'9-21
;
Industries,
9-16
Ltd.—
-
^ Below will be found
n.gt
and
those
common
called
stocks
under
■' !-/>■/.
/
»
«
T,
#
*
m
m
called
for
sinking
m
-f
preferred
Atlantic
(quar.)
fund
redemption,
provisions.
■„
■»
•«.
-■»
■»
>•
Products
+>'•*
11
Mills
7ft
com.
(monthly)
pfd.
—/7
11-
r10-15
25c
10-
ft
10-
4ft
25c-
>
pfd.
(quar.)
-
—
Welt
Co.
—
(monthly)
1
__i'_—_r
——-
(quar.)——
50c
*
i
t* t
»
*
f -Fa try
»*» *3* *+ **+•* * *
10-
9-15
11-
10-15
11-
10-15
$1.12-'
:
9-15
10-
8c,.
9c
9-30
-
20c
12Vic
XVM.
>■
J
9-17
9-15
8c:.
.,
Axe-Houghton Fund, Inc., common—V— '
Axe-Houghton Fund "B" Inc
:
—ft /"
u%
'"10-15
(quar.)^-j——v^*Z" 17Vic
i
preferred ..(quar.)— —
Back'tay
9-22
11-
'
Allied
Common
10-20
22'^c
(quar.)
Company
Plan
$4.50
a5ft
Ltd.—
(quar.)
Thrift
Avondale
TheM date indicates the jedemption^or last date, for mak*
5%
preferred
Avon
list of corporate bonds, notes,
a
4'/aft
1
Telephone Co.,
Atlas
Notices
.
jftft. i
•;«,
com.
Light & Traction
share
10
,71
(San Francisco District).
previous week,
9-20
60c
...
Body
preferred
(quar.)
American Manufacturing
30, 1948, individual loan items are reported gross,
i.e., befcre deduction of valuation reserves, instead of net as
previously
reported. Year-ago figures have been adjusted to a
gross basis.
iRetfised
9-20
1
25c
(quar.)— 1
&
Co;,
preferred
American
39
—
—
6ft
accounts,
15,451
.?Sept.\.t figures revised
1
10-
10-1
40c
(irreg.)
com.
10-
40c
25c
^—1^,
:
Coach
934
except
week
9-15
(quar.)
common.^
Shoe,
pfd.
conv.
American
Arkansas
_
9-15
9-15
(quar.)
Co.
——
Brake
American
5,305
tBeginning June
agricultural
B
1
1
9-20
50C
6%
deposit accounts,
and
Corp.
Bakeries
"Bemberg,
Class
10-
10-
(irreg.)^k_—^_.
American
American
$2
$2.50
(s-a)_—
Corp.
American
142
■
13
—
1,422
/ft 1.426
—
Alberton
71
—
,
124
14.862
2,334
"31
—
,
Mfg. Corp.
(quar.)
Akron Canton & Youngstown RR. com.'
(s-a)
Extra
611
+
:
9,094
407
—
Inc.—
—kk-i-
Ainsworth
100
23 ft
6
Government
S.
Fund,
Special
4 047
8
+.
—
ft
f- '* «►
1939-
1.
1,
*
2.608
deposits
Interbank demand deposits:
-
V'-*
company
Corp.
each
/'/ft-/'ft/ft*///.ft ■ ft,ft/;/,..ftft/ft//-
: i*
Dec.
Dec.
fVol.
grouped in two separate tables!
are
dividends
Extra
86
815
U.
2.6 Vr
+
decrease of $124,000,000 in demand
deposits
J-t '
dated
Investment News
Aberdeen
1,272
+
vault.
Time
£/ •'-• ft'
reporting member
System in leading cities
i,
dated
issue
Per
Liabilities-
$27,000,000 in New York City, $16,000,000 in the V
preferred
San Francisco District, and
$44,000,000 at all reporting
including
mpmber banks.
Loans to brokers and dealers for
pur-.
*•« %. W |U«r
1
'
I""
1
the
Name of
9
46,932
"
•'.
and
bonds
declared.
732
4,181
indus-
industrial,
1
949
Ontario
note
many
262
+
+
2,209
44,105
+1,829,913
creased
""
•
8
13,200
following
Commercial,
Dec
•
1
In the
bring together all the dividends announced the
we
under
63
—
-
2.084
•«.—
88
principal changes for the week
ended Sept. 8: Increases of
$128,000,000 in loans, $101,000,000 in reserve balances with Federal Reserve
Banks,
and $317,000,000 in demand
deposits credited to domestic
;
Oct
previously announced, but
cor¬
■
1949—
which have not yet been paid. Further details and
ord of past dividend payments in
221
v
13
—
4.416
The condition statement of
weekly
banks of the Federal Reserve
adjusted,
_
28
25,779
•f
a
48
242
282
8,366
Sendifion Statement of Member Banks
banks, and
+
—
486
6,315
ft
+
1,130,826
51.0 ft
6,041
the
due
current week/ Then we follow with
which we show the dividends
'■
securities
Treasury bills
Interbank
shows
first
carrying:
34,652
ft/ "
902
make
in
4ft
251
Heat 81 Power Co.—
Works
mortgage
and
941
,
DIVIDENDS
will
ft/ftft
trial loans
first
'
/ r
combined—-
liability
purchased
+
+
48,172,500
re-
Light,
bonds,
4ft
money
Dividends
2,148
+
+
1,771,039
+
88,238
gold
Electric
Water
Affiliated
384
1
467
+
27,543
Total liabilities <fc cap. accts.
Ratio
+
448,189
13b
&
•Announcement in this issue.
pur¬
obligations
'
(Section
Gas
Alexandria
carrying:
Government
Other
+
+1,126,231
199,737
7)
44
ft.,.;,;
Corp., 6ft preferred stock.
Catholic Episcopal Corp for the Diocese of
Aerovox
Treasury certificates of indebtedness
in
(Section
§1591
3,025
'
Accounts—
paid
Surplus
t2004
3'/a %
2.904
3,830
Total
847
Anytime
York
4ft
and agricultural
—
chasing
1,608,594
+
+
—670,264
+
5,546 ft
2,083
ft—
U.
Total
Deferred
17
845
/
.
income bonds, due 1952
preference stock
5ft convertible preferred stock
and
Co.,
Co.,
643
f //••„;:;
1947
24.223
Commercial, industrial,
loans'
ft/ft.ft-
1214?
;
—
1.829,943
843
Anytime
due 1951
5s,
*
411,891
—
mtge,
1
Sep
(In millions of dollars)
63,291
60
+
1.001
Investments- -total
and
Loans
bank—reserve
Treasurer—gen.
S.
Oct
Power
Power
The
'
Pag*
Corp.
Power Co., 6ft debenture
bonds, due 2024—Jun. 1, '49
Philadelphia Electric Co. 5ft gold trust certificates
Oct
1
Dec. (—) Since
103,072
+
72,045
—
called
1
Sept. 8,
1948*
893
4
1
and
'
255
-
Oct
Richmond
Inc. ( +) or
1948
352
1
<
•
1958
»
537
n:
—
Deposits:
U.
due
5s,
C.i
(A.
Purchase
New
24,467
Reserve
Member
i
236.006
+
the
1
;_Oct
Ohio
of the assets and liabilities of reporting
member banks follows:
Liabilities—
-
in
'
assets.,
Federal
$18,000,000
50
Loans
Total
decreased
and
9,968
+
3
—
A summary
397,731
ft
+
+ 1,093,558
1
32,400
bds, due
stock
issue
1046
§2793
Oct
New
York District outside of New York City.
550,618
—
6
"144,202
items
Bank premises
Other assets
34,710
banks,
"/
•
1971__Oct
Date
Hydro-Electric
mortgage 3ft
Roman
member
1
1
;
1
Illinois
$20,000,000 in Chicago, and $71,000,000 at all reporting
7,734,904
;
*'
-
t
creased in all districts.
1,313,100
+
590l275
—
21,489,500
foreign banks„
Notes of
+
+
*
Y
the Richmond District and $24,000,000 in the Boston Dis¬
Demand deposits credited to domestic banks in¬
—2,198,277
8,454,594
.
*
^
.
due 1975—Oct
preferred stock
Oct
6'/aft
preferred
5ft
trict.
—7,400,345
1,787,400
Bonds
F.
—524,785
4,827,139
'Notes-
Falls
Electric
1st
Borrowings increased $86,000,000 in New York City,
Certificates
/
,
bonds, series B,
Co..
*
8
-Demand
V. 8. Govt, securities:
•ft
543
Dec
Oct
New York
620,975
Total gold ctf.
Other cash
*
1
1950—
—Sep
deposits adjusted decreased $122,000,000 in
City, $67,000,000 in the Chicago District, $25,000,000 in the Kansas City District, and $124,000,000 at
all reporting member banks, and increased $27,000,000 in
*
$
+ 1,951,002
R.
notes
1
due
Gilbert
000,090.
Sept. 17,
1948
$ ft/ft:
21,970,672
.ftft.
1956-.,——Oct
due
1st mtge. 4s,
mortgage series B. 3'/«ft
mortgage
.449
1
1st mortgage ^Vis, series A, due 1962...-,
Cumberland Apartment Co., Louisville, Ky
Income 3s, due 1989—,
Day 81 Meyer, Murray & Young Corp.—
'
Treasury bills decreased $149,000,000 in
New York City and $64,000,000 at all reporting member
banks, and increased in most of the other districts. Hold¬
ings of United States Government bonds decreased $23,-
Increase (+ ) or
Gold
ref.
/•
—Oct
25-year debentures (subordinated), due 1970—.Oct
Sellows
Holdings of
Sept. 8,•
;
—J
1956
000 at all reporting member banks.
of dollars)
Sept. 15.
1948
bonds, due 1975_Oct
or carrying United States Government securi¬
ties increased $45,000,000 in New York City and $48,000,-
decrease (■ —) since
/
r
.
945
due
Company and Issue—
>
*0
chasing
Reserve Banks Combined
.
945
1
bonds
Co., 1st
Centerville Water Service—
Statement of Condition of the 12 Federal
ftftft
944
1
due
entire
••Temporarily omitted
(In thousands
1
Co.—
Cement
4.007500
———
rate.
Water
;
1972——Nov
bonds,
Paul Union Depot Co.—
Butte
•Nominal
mortgage
Portland
1
Ltd.—
Stores. Inc.,
Ward Baking Co.—
.223629
•#
-
*•
Haven
1042
1
?
debentures, due 1963—Oct
3ft
bonds
Safeway
r
/
mortgage
general
bonds,
43
846
(;o.—
Electric Co.,
first
Saint
."' ft
Controlled
Noncontrolled
mtge.,
Gen, & ref. mtge. 3J/4ft
.278228.
'.233629
4^007500
2nd
6ft
43
.
1
1
mortgage and collat. trust 2y«%
Pacific
.091324
.273242
;
1
15 >
Oct
Co., 20-year 3ft
Service
Minneapolis Gas Light Co.,
.201580
convertible
mortgage
due 1949
B,
Co..
(P.)
5'/a ft
.916250
and
Public
Maritime
1.000000
.916666
,
.040331
——
ft
of
1st
.375750
3.991542
Closed
3.991542;
——
—
peseta/—i._j_:
Union
•
.201580
Portugal,
Spain,
**
.376000
-
1.000000
915625
———
Norway, "
Sweden,
.376000
.ft;':.
V
I
Zealand,
<■*
/i ft/.ft'
-
Maine
4'/2
—
Free
* «
.376000
Official
New
ft/ft
guilder.,—
Newfoundland, dollar—
-'
Closed
.301678
——
.
bonds, series A
bonds, series B
refunding
A
Placid
Lorillard
*
1033
Oct
5ft
.004671•
.004671*
,
•
1
.
Oct
mortgage
series
988
Oct
mortgage
1st
i
(Metropolitan), franc—
-
15
Nov
debentures, due 1965
debentures, due 1958
gold
.
redemption
t
5ft
:
30
Firestone Tire & Rubber
Co.,AVt'/e series preferred stk.Nov
Hartford Electric Light Co.. 3ft
debentures, due 1967—Oct
Hygrade Food Products Corp.—
1
'
1
.208535
4.031484
/
^
Sep
1st
.918750
.020060.
'4.031484
{4.031484'
'/ft::
940
.
1921__Cct
1st
Free
1
Jan
stock
Viscose
Cities Service
.917830
certificates,
Corp.,
Corp., 5ft preferred
tfethlehem Foundry & Machine Co.—
1st mortgage
6 '/2 ft
bonds
Celanese Corp. of America, 3ft
3.212296
3.212296
1.000000
trust
American Tobacco Co., 20-year 3ft
.200000°
ft.
.022835
—
equip,
Radiator
partial
dollar-
Official
(unattached to bonds)—
Havana—
Company and Issue—
.251247°
ft .022837
,
due
Co.—
.297733*
.251247°
3.212296
franc—
cruzeiro,
bonds
.
»'/
.297733°
.251247*
;
Products
,Sept. 16
3.212296
pound
Belgium,
Brazil,
Omada,
-ft
S<-v
3V2%
and
United Rys.
Money
.297733*
.
Rock
;
M
ser.
Special interest notes
'
ft
/• *
mtge.
gen.
Fixed
Sept 13
Sept. 11
Sept. 10
•/■
•
Page
30
United
peso—ftftftftftft:■
For
"regular" products
For
"non-regular" products
For certain industrial products—
Date
preferred stock
8ep
National
*y
Argentina,
Sugar Co.,
Consolidated
1930
OF
INCLUSIVE
1948,
/
.
non-cum. income 3% -5%
bonds, due 1962—Oct
Union Mortgage Ccrp.—
20-year collateral trust bonds, series a, due 1954
Jan
TREASURY
Buying Rate for Cable Transfers In New York
Monetary Unit
Country and
BANK
tender
Central Maine Power Co.—
1st
FOREIGN
of
Company and Issue—
the Treasury the buying rate for cable transfers in the different countries of the world.
record for the week just passed:
f
}
a
Monday, September 20, 1943
^mr.-,p. 1
9-30
10-
9-21
'.
7
9-25'
li
«*.
ra
4li
9-21
n
Volume -168
THE: COMMERCIAL
Per
Name of
Baltimore
Number...4735
^
Company
Porcelain
* J" // V " '
-
Bteel.
-
V
1
.
V
Bank of New. York & 5th
Avenue Bank, tquar.)
Bank of
iYorktown?(N.
Bartgis
75c
t
Bros:'Corp. common-(quar.)
^4% %
preferred;' iquar.). -—
Aircraft Corp. - (resumed)
Beech
r
_•
;
>
56%
Bird
&
Son,
Co.
Inc.
Bon
Ami
Class
Bond
Co.
B
Borg
class
A
of
pfd.-(quar.)
___
___
W.) Corp. (increased
quar.)
Herald-Traveler iquar.)____
Brandtjen & Kluge (quar.)
Brewer
)C.)
Brillo
}
Company,
A
Broad
Co.,
common
5%
(E.
L.)
Extra
:
IO-
l
9-27
-
10-
Gillette
9-17
Godchaux Sugars class A
10-
1
9-20
10-
1
9-20
9-25
10-
'10-15
10-
1
10-
1
(quar.) >
Butler
Manufacturing Co.
'4%% preferred (quar.)
.
■_•_
Inc.
common
15c
9-28
9-28
9-28
,A.
10-15
$1.12 %
,_
9-24
10-
«quar.)__
1
10-
'
1
7
.___
11-15
11-15
10-30
11-15
10-30
pfd. B (quar.).:
462%c
Canada Varnish
Co., Ltd. 5 Ye pfd. iquar.)
t31%c
Canadian
Refractories, Ltd.—
:' 4%%
preferred (quar.)
l$1.12«/2
Canadian Vickers,
Ltd., 7Ye pfd. iaccum.)__
1$70
Capital Administration $3
pfd. (quar.)
75c
.Carolina Clinchfield & Ohio
Ry. (quar.)
$1.25
Cascades Plywood
Corp. com (increased)
50c
3%% preferred
10-
1
5Ye
preferred
:
Houston
5Yc
.Extra;
:
-
Fibre Products common_4
preferred " (quar.)
6Yo
(quar.)
Special
Vermont Public
Chicago Corp. ^ (quar
Chicago Rock Island
Theater Co.,
Citizens Water
Pacific
Works
Loan
&
Pa.)
Southern
Combined
Enterprises 5%
Alcohols, Ltd.,
preferred (quar.)
$1.37%
(quar.)
10c
•
4%
6%C
iquar.)
62 %C
Quarterly •.
Connecticut. General Life
I: ;Quarterly:■;
^
$1.25
Electric
70c
pfd.
(quar.)____
com.
(quar.)
1$1.25
'
15c
flOc
&
Trust
(N.
Commonwealth
Commonwealth
$6
:
Insurance
Water
5V2%
Water
preferred
&
pfd.
•
;
Textile
(quar.)________
$2 pfd. (quar.)
Co.
Oil
Co.
pfd1.
Lines
9-10
10-11
10-
1
•
^
v
:
'
5c
:
40C
Foods
Kansas
,t
Federal
1' FederaP
Chemical
Insurance
6Yo
Co.
:
"5$i:25
-12-
$1.37%
25c
7
a
Lerner
9-17
:
9-15
t
9-15
9-30
0-30
25c
0-30
9-23
<
*
(N.
■0.
•
;
$5
pfd;
Insurance
6%
(quar.)__
10-
1
&
class
A
Tire
Ltd.
&
1
9-15
10-
4
-r : 9-22
,10-
V10.10-
1
r
9-15
12V2C
,10-
1
1
6Yr
Sl'Ac
9-16
20c
10-15
"
$1
v-
$20
>
'Miami
»
9-16
"10-
10-1/
A $1.25
8 10-
1
$1.12%
12-
1
V
; v.-
5
9-17
,;V
9-20
1
11-10
—__——
450c
10-15
9-30
9-22
~-*30c-10- 8
9-27
37%c
$1'"'
$1.50
.
.
9-30'
;
v.;?.
10-
t25c
(increased)—;—
1
10- 5
9-20
10-
,
—i.
v
;
9-30
9-30
9-24
9-15
9-10
1
9-15
15C
10-15
10-1
10-1
,9-11
15C
—
.4
iquar.)___
9-15
9-
9
10-
1
9-15
$1.50
10-1
9-15
50c
425C
9-30
-
(quar.)_
(quar.)——Wi—
(quar.)
$1.25
9-20
9-20
•
10-15
10-14 f
25c
$1.75
9-30
11*:1J
*
9-29:
9-30
25c
—_;
(quar.)——_J___L—
pfd.
,
V.lOc
(quar.)—
3.90%
.
$1.75
;
(quar.)
Minnesota Power &
Light, 5%. pfd.
9-17
10-15
50c
Co.-
9-20
25C
,
Edison
16-15
30c
——-
9-20
1
10-15
—
(quar.)-*.—
Missouri Power &
Light,
9-30
11-
10-1
,40c
$1.25
.
,
common
9-30
A; $1.50
iquar.)
—
common
4
10-20
50c
—
„—
10-
1
^•75c..vio-:'i";;-^i7
10c
Co.,
11-
10-15
$1.30
pfd. (quar.)—
Northeastern Transportation
iquar.)
Bank (N. Y.)
Falls
,10-15
$1.12%
$12.50
com.
9-21
9-21
\ 9-25
.9-30
10- 1
•
30C,
Co.
(initial)
10-15
10-15
50c
7Yo,
Extra
7% prior preferred
Missouri
2
'
(quar.)!
Copper -Co,
Millers
9-30
9-21
10-20
■
1
10-
V"
(quar.)
—'
Rubber,
.Mercury: Mills,. Ltd.
■
50c
7
-
.
11-
9-21
;62%c; .10- 1
25c."'10- 1
—„-
Extra
9-20
* 8 9-30
30c
1st pfd.
Merchants,
1M 9-25
1
Water
Quarterly
McBee Company,
9-15
1- I
10- 1
•
5
Forbes, bommon___—
Corp.,
9-20
12 %c
t2c
of
(quar.)
10-14'. id- .i
____
$2.50
(quar.)„—
common
RR.
Massachusetts
r
9-15
10-
15c
40c
•
-
(quar.)
Co.
preferred
Marion
9-24
9-17
75c
Y.)_4____
pfd.„ (quar.)__JJ_l___'—
35c
•
'
40c
•
;v
——
Florida Power &
LightAYzYo
50c
dividend)
'
preferred
Mac Andrews
■
9-30
8
9-30
ai $1.50
?____
J.), iquar.)
Stream
Fisher Brothers
'
$1
-
—.
(quar.)
10-
;
5c
4___:
i Firestone
/First
$1.25
(increased)—
preferred iquar.).
Maracaibo Oil Exploration
10-15
75c
Fire Insurance
<quar.)___
Publishing Co. I quar.)
Tire, &
Rubber—
National Bank (N: Y.) -tquar.)_-™7.4
&
(stock
com;,
Stores Corp.,
Mailman
Fidelity-Phoenix
Field
Wire
'Corp.
Mansfield
425c
(N.
.
Mahoning Coal
(quar.)
Co.
$1.12%
—
' 9-20
Ir10-15
11-'
$1.25
Virginia———-—™
'Lock Joint Pipe Co.
(monthly)
4.:^ •
Louisiana Power & Light $6
pfd. (quar.)
Lux Clock"Mfg. " C
-Lynn -Gas & Electric (quar.)
-
10- 4
.
50Yo
&
Sessions
&
4V2Y0
"jLife
9-23
9-23
:
25c
62 %c
(quar.)____
pfd.
L
Lexington Telephone Co. 5.2% pfd.
(quar.)__
V 9-23
9-30
5%
Langendo'rf United Bakeries
Class. B (quar.). __I—
1
'
•
Steel
Lehman
-
25C
Power
Latrobe Electric Steel
25c
?20c
common
_.
1
>
$1
$1.50
Company,' Inc.
;
9-24
.
5 Ye
$2.50j preferred (quar
Lane
8
25c
25c
B
87'/2C
11-15
1
com.)
——4
10-
'10-
$1.75
87 %C
011
additional shares for each share
held.
Lamson
t
10-
'
125c
$1.50
37 %C
(quar.)
10-'1
1
shares_____
Subject to stockholders approval—______
Kinney | Mfg. Co.—
:y Kirkland Lake Gold
Mines, Ltd. (s-a)———
7 Kiysch.
*:Compawy "(quar.
La Plante-Choate
Manufacturing Co.—
y/e
bohv: pfd.
(quar.)
9-30
1-
~
10- 7
425c
:
Two
1
75c
:1 $1.50
—
founders
__________
—
V
10-
2-1-49
13 %c
V
.
I--7
1
10c
____—
______
& Light 4V2% pfd.
(quar.)
(Geo. E.) Cc. $5 prior
pfd. (quar.)__
junior prior pfd. iquar.)____
Kendall Refining Co.
;
10- 8
li-
irreg.)
$2
4 9-24
•
1
6Ye pfd. iquar.)
Co. of Ottawa, Ltd
Publishing
Sons,
Keystone
1
$1.50
$1.62%
$1.75
common
J.)
<E.)
9-16
9-20
9-
"10-20
15c
common
pfd.
t$l
15c
6Yc
iquar.)
Inc.
-;1 Federated"Publications
VV Federation Bank & Trust
$12'/2C
Corp.—
Power
2-1-49
WHOt
(quar.)____i__4j.4____—
Co.,
2V2C
Ltd.—
Keith
9-18
10-30
11-
JS1.25
•'';'
Electric
12-15 " '12-81
125c
(quar.)
Kansas
8 11-15
9-30
I17l/2c
__
iquar,)
Frocks;
(initial)
Co.,
preferred. (quar.)-i™4;___
9-20
"10- r
•^50%^
Works
preferred
•Y Fashion
Mfg.
Tool
50c
Works
5%
9-20
10-1
9-25
12- 'i
GOc
Water
Journal
9-20
0-30
$1
$1
r
-
Empire Trust Co. (N. Y.)
Equity Fhnd, Inc.
Eairmount
15c
1 Vie
»/2C
common
preferred
Kahn's
9-22
j
4
10c
;
'
2nd
'
1
10-
Joplin
—___—
,
56 Vi C
1 subject
to
approyal : of ! stockholders
meeting " Oct. '-5),
2nd pld. A
'(quar.)___i_^;__;^i:^;47;;
3'/2%
Consolidated Gas_^.__.
Empire Brass Mfg. Co., Ltd.—
A
25c
_____!"
iquar.)
(N.
9-17
1
25c
Co.,
common
9-27
9-30:
10-
,
Elizabeth
$1. class
$2.50
25c
(quar.)
Bros.
9-21
^
1
10-
_____
-(quar.)
,
25c
(stock dividend)
-Subject to the approval/of the California
A:i •» i-ii'i Commissioner of
Corporations.
;«I Electric Storage Battery Co
:V.:
50c
93 %c
1 accum.)
preferred
9-30
9-28
10-15
$1.50
(quar.)__
Til JEtosy Wishing Macmne
Corpr class*A (quar;)
% )',>(. *} Ektra.%
t.y 1 -CIscsa: B'f
yiY* W: Extra4.i Elder Manufacturing Co:
u:
$1.37V2
:
,
■.
10-15
9-20
$1.50
'^1
ill' Dorado "Oil
11-15
$1.62%
Eastern Steamship
(quar.)____
M;X&Ky-Washing Machine Co., Ltd. (quar.)___
y
1
12»/2c
Tool___^__
&
&
Coal,
Nonvoting
1
%
9-17
4125c
$1.50
1
9-25
50c
preferred i (quar.-)rr_-4Dominion Qilcloth. &.
Linoleum-Co., Ltd
,t.'f Dover Industries,; Ltd. (quar.)
-----------T' Eason
10-
1 " 10- 5
11-1
1 10- 5
'
% 15Ye
S,.
-
40c
Corp. (extra)—
Davenport Hosiery Mills,- Inc.
-(irreg.),
De Bell A; Richardson
(quor.')friir_;__ '_
;Denver ,Unipn Stdtk Yard- Co.'' iqUar.)
Deposited' Bank Shares—Series N.- Y._
'___
Derby Oil Co^-, (Kansas) - stock
-dividend.-.^
Initial
cash •dividendr_-'_-Jj±;i.^
; Dome J l)Iine$,. Ltd;^-'___'_—
Y ■Commoh-^-(quaz^r
P%> •Rre£en"ed:i'
$2
.
$1.25
preferred (quar.)
Johns-Manville 3V2% pfd.
iquar.)
Johnson & Johnson (stock
dividend
ll-
-
$1
(quar.)
com.
75c
;
7%
9-11
4
10-1
50c
$1
pfd.
Ltd.-
-
9-11
50c
.-
"*Corroon & Reynolds $1
pfd. (quar.)____.
..Cottrell (C.y B.) & Sons 6Yo
l^altfng'ACo.,:
1
.>$10
Continental Gas & Electric
Continental
Dominion
10-
47%c
(liquidating)
Insurance Co.
(quar.)
Cooper (Peter) 6>/2% pfd.
(quar.)
:>■< Coronet Phosphate Co.__-_—
% Culver
1=
_4_—
(quar.)____
Crosse & Blackwell Co.—
$1 partic. 1st preferred
10-
$5
.1.
■
i
".
$6
Creek
Jenkins
$1.75
Liquidating-Corp.
^Consolidated
'J
(quar.)__
$1.50
Consolidated Natural Gas (s-a)
Consolidated Rendering Co._
k
(quar.)
pfd.
conv.
Island
•;
Light & Power
t
$1.90 preferred (quar.
Consolidated
62>/2c
.
(quar,)_______;
preferred
55c
;;
Light—
^Connecticut
A
preferred
Ironrite Ironer
Co.-—
(quar.)
\
$7 preferred (quar.)
Connecticut Fire Insurance
-
t$2.50
;
50c
iquar.)
Machine
7Yc
Y.)
—
■
9-24
15c
International Nickel Co. of
Canada, Ltd.—
7% pfd. ($100 par)
(quar.)_____
4-—
'•
7% pfd. ($5 par)
(quar.)—4;4_4_-_i__^—
-^hterstate
(The)
Company, common_l____*»
prior preferred (quar.)
Intertype Corp.
Iowa Electric, Light & Power—
QYc
preferred (accum.)__-_^i-___^____:-._
6V2YC
preferred (accum.)
$1.75
(quar.)
\
8Yo
Commercial National Bank
-
9-24
.
(quar.)_________________________
(quar.)__
Ohio
,>*,9.-11
1
1
125c
(initial)™.;
4^3 % preferred (quar.)
International Minerals & Chemicals
Common (quar.)
$1.75
$1.25
(Boston)
10-
10-
.
50c
-;'4
Pneumatic
class
—
(quar.)..
pfd.
A
1
—
$2
T7c
class
10r
20c
50c
preferred (quar.)___i_i_____
Inter-Island Steam Navigation Co.
(quar.)__
International Metal
Industries, Ltd.—
Class A
75c
•
Commercial
•
tquar.)
9-20
preferred____
iquar.)^
Stamping
4Ye
$1
Extra
Collateral
Columbus
RR.
iquar.)__
Bottling
50c
15c
&
I
Coip., common (quar.)__
(quar.)_„_.-____-._«__pW. (s-a)_^_____
Refrigerator, common (quar.)
Independent
31V'4C
(quar.)
1
Trust
(quar.)
preferred
Ingersoll
(quar.>___4
10-
Trust
Finance
Industrial
$1.04
pfd.
series
9
10-15
10c
Extra'
■
9-
1
Incorporated Investors
Service—:
5V2 Ye conv. pfd. (quar.)
Cleveland Worsted Mills
Water
:•
35c
35c
(Washington
preferred
Clinton
;i
'25c
City Investing Co. 5Y» r/e
pfd.
Clary Multiplier Corp., com.
Coca-Cola
'
9-21
9-15
$1.50
Illinois
25c
-
-
4.15% preferred tquar.)
Chefford Master Mfg. 5%
■;£" Circle
$2.25
9-30
11-
-.
Zinc Co.
(quar.)4____-,___
Income Foundation
(quar,)____
50c
'
Central
7%
•t;
—"
Common
•
30c
37'/2c
Central Franklin Process
(quar;)______:
Central Steel & Wire, com.
(increased quar.)
■*. • Special'
9-21
31 Vic
preferred
;
9-30
.11-1
,
9-30
50c
Howe Scale Co. 5%
Hussman
50c
Central
;
11-15
$1.12 V2
Field
preferred
3%%
50c
*
Investment
Investment
■
preferred
Household
40c
s-a)
56»Ac
50c
Baking (N. J>) -iquar.)___.
Material, common
Oil
5Va Yo
58s/sC
________________
9-22
9-20
10-20
;
Hoover Ball &
Bearing
Horn & Hardart
'
Central Aguirre
Sugar (quar.)
Central Coal & Coke(increased
•
1
1
.
(s-a)
Hoi op h a ne •':
;Co,
__
•
Utility
Hightstown Rug Co. $7
pfd.
:
.
tquar.)
10-
12 %c
(C. M.) Lamp Co.
(reduced)—
Hartford Fire Insurance
(quar.)
Hendershot Paper
Products, Ltd. com.J
9-17
9-18
9-18
(Hartford) —
Hall
9-10
10-
_
1
Trust
Shares
noncum.
1
l
1
10-
preferred
Rail
(Hartford)
^ ' 10-30
25c
.
9-20
10-
iaccum.)_<
Public
(Hartford)
•Guardian
9-15
62 %c
.
5% preferred (quar.)
Canada Bread, Ltd. 5%
preferred
Guardian
4
9-15
62 %c
____
•
c
7:'9-27
•
r
28'/ec
________
;; $1-50
9-30
1
10-25
40c
■
Investment
10-
$110-
Company
Company, Inc.
b ■
Guardian
9-20
•
12 %c
;
(quar.)
--4%% preferred 1 quar.)California Packing
Corp., common
V-;?:
Extra
,
$2.25
ciass
9-28
9-30
$l
10-11
1
10-
-
9-20
10-15
10-25
11-
10-20
t$1.75
(quar.)
(quar.)
Greenwich Gas Co. $1.25
partic. pfd. (quar.)
Greenwich Water System
6% pfd. iquar.)
Gr^if Bros. Cooperage class.
,A—<_
10-15
11-15
6c ;
tl5c
common
(Daniel)
■:<
fcoramon-
•
Butler's
(accum.)__4_
(H.
10-15
9-17
9-17
9-24
$1.12y2
Green
V
4'
10-25
;;
•.
Green
10c
1
9-24
10-1
j;
iquar.
9-20
2%c
10-
20c
9-20
3 Vic
9-24
50c
1
9-25
1
87'/2c
1
9-30
9-24
10-
v
25c
,
10-
93 %c
1
37'/2C
preferred
(quar.)
Great Lakes
Steamship Co., com. (increased)
4V2 Yc
preferred
(quar.)
L.)
10-15
1
10-
50c
.
2
10-
9-30
1
V111-
$1
62 '/2c
(quar.)
&
11-
25c
50c
10c
'
9-20
9-15
15c,
iquar.
Grayson-Robinson Stores,
-
9-20
50c
0-
1
1,""
(quar.)
Pumps 7Yc pfd.
Toy, Ltd.
Grand
9-23
Co.
preferred
Goulds
1
1
Parts
Safety Razor Co.
$4.50
v
9-15
10-
10-15
.
•;
Genuine
9-15
10-
a_
(Boston)
9-23
9-17
9-22
'
-
10-
•
2
;
'
r•
-
$1.50
:
;
9-20
18c
(quar.)__
6
1
1
.
10-
common
General Electric Co.
(increased)
General Foods
Corp., common (quar.)
$3.50 preferred
(quar.)__
General Investors Trust
9-17
;
i
50c
—
50c
.
v
iquar.)
9-24
(irreg.)
1
,
preferred
10-
15c
1
10-
$1.50
,
2nd pfd. (quar.)__
General Controls
Co., common (quar.)______
6%
preferred
(quar.)
9-20
i 10-16
30c
.
'10-
(quar.)
(quar.)
$1.25
common
y> Class: B (quir,)
6% preferred
'
New-York
pfd.
l' "? * 9-17
10-
$1.18%
conv.
10-15
(quar.)
3%% preferred (quar.)- :
Budget Finance Plan,
Inc., class A
\r.'
1st
30c
:
15c
v
1
(quar.)
Company
"
4%
4Yc
10-15
;
preferred
Bruce
conv.
9-15
50c
Durrell
Extra
1
of
Baking Co.J
Cable Corp.,
9-20
$1.25
Extra
"Brown
General
-
9-30
10-15
(S-a)
(resumed)™,
40c
37 %c
______
Y.)
B
9-24
1
Co.
When ? Holders
Payable of Rec.
Share
-
(quar.).
10-
(quar.»___
(N.
Class
General
10-25
common
' *:
Company, Inc.—
•
1
50c
Street Investing
County Trust Co.
Bronx
Trust
Gannett
9-23
10-
10-31
V
,
Company _i
Mfg. Co. (irreg.)
Fulton
9-23
•
10-31
(quar.)'
Inc.
:
1
10-
25c
"
com,
40c
(quar.)
Manufacturing Corp.
Class
Brink's
••
&
9-30
$1
V
;
Utilities;
preferred
.9-28
HVaC
iGeo.
Boston
Per •"
"
Formica
.
70c
?
<
4%%
Fuller
62'/2c
____
Boston
*
9-30
10-
$1.05
.«
__
Public
9-21
10-15
25c
iquar.)_!_
(quar.) 7J
Fund
?
;
10c
_i
________—*._•
-
9-30
c
30c
—4-.
Machine
Bird
Birmingham Electric Co., 4.20Ye
Bloomingdale Brothers
9-24
1,
15
10-15
!•
$1
— _.
.
'^Florida
10-15
50c
Bickford's, Inc.
•
Name of Company
,
0-20
1;
10-
.
5c
__
5c
Barker
!
10-15
$3.50 ...10-
Y.).,_(quar.)
Brothers'. Co.-1 (quar.)j.____
>Holders
Payable of Rec.
ioc
1
J
CHRONICLE
v When
-
Share
(irreg.)
, H»>#n
&; FINANCIAL
9-
9-30
'V.
r.10-. 1..
17%C
10-
L
97%C
10-
2
9-
"
9-30
2
9-
2
-9-15
r
9-17
-
9-15
i,
ui.-m.
:
Company
Rapid Transit Co.
conv. pid.
(irreg.)
Twin
City
5%
$1.25
Light
'
distributed
l/50th
'One
common
L
ilon held
Light St
S.
Common
1%
70c
11-1
12- 1
10- 1 /
10-15
9-30
11- 1
10-20
(quar.)
dividend
Molasses
Co
—
..
I
1. ,(-97%C 'J 10-15
s 9-39 •
*<.■-', '*'*! «> ''J
.-60c
»-30
9-15 >
100% -10-25 * 9-15
••
•*. l°c •
10- 1,; ^ 9-20
National Finance—
,.
-
.
„
.
.
.
'
,
..
:
,
"
1°"15
9-27
10-15
9-27
'
•
V
r
50e
Co.
9-24
10-15
9-30
17%«
(quar.)—-——————
Match
*
'
Corp.
.
——50c
pfd.
conv.
Universal
(quar.)__—»-—
When
HoldersPayable of Hcc.
-Per
.
Share
Brass
'
-
'
A
ft
.
Corp.—
Stockyards
»- »
;
,'y'
.•- v
25c
10- 1- ' 9-15
'Book-of-.the-Month" Club (quar.)
>
25c
10-1
9-16
Borg-Warner Corp., common (quar.)__
V $1
10- 1
9-15 <
V. ■•'3%% ; preferred
(quar.)______——'
87%c .10^ 1 ;'y 9-15
Boston St Albany RRl____
$2 . . 9-30
8-31 /
Boston Insurance Co.
(quar.)
f /
60©
10-1
9-1
v
Botany
Mills,
common
50c
10- 1 < 9-15 ,v* *
X'A. 5% preferred (quar.)
31 %c..
10-1 y. 9-15
Zy' f ;6% prior preferred (quar.
37%«
10- 1 > 9-15
r;
Bower Roller Bearing Co.
(Increased).
$1
9-20 •
9- 7
ferach (E. J.) & 80ns (quar.i__^
75c.
10- 1
9-lt
Brantford
Cordage,: Ltd., common
*12%n
10-15 v;, 9-2Q ;
:■
$1.30 preferred (quar;)—
*32%C
10-15 y. 9-20
Brazilian Traction Light & Power* Ltd.—
:
::
; v
-•
•••'*.
6%
preferred (quar.)
*$1.50
10- 1
9-17
Bridgeport Brass Co.— y* .xXxXXX'ix.:
/.
...
XX 6%%
convertible preferred (quar_>_'■ $1.37%
.9-30
.'9-16
Aluminum
preferred
(s-a)
^? l*~*
Optical Co. (quar.) —
50c
19- * •'••/'•'
American*Paper Goods
; „ ; ;
t.
_ ;
7%
preferred (quar.)
51.78.,-; '2-18
1$* 9 American Power & Light, $5 pid. (accum.)."
,y
$1.25
10-1'- 9-7 X Bridgeport - Cki-LlglJfc\C6ri<qu«r;).w;^£1i^
;1
Brlggs Manufacturing (increased)———/ 75c
9-30 vv : 9-21
$6
pieferred
(accuin.)
$1.56 fc/10-f! 1 v
7
z
Bright (T. G.) St Co., Ltd. (interim).
^.^-$25c
10-15 y
9.-30• .y
vli American, President^
Z'Bristol-Myers Co;, 3%% preferred (quar.)-i / 93%C kl5rl5 y> 10- X ,
XA, 5%< non-cum;:■ preferred -X./•
British-American Oil, Xtd., common <quar.)_
American
Radiator
&
Standard
Sanitary X'A-XX
*25c
10- 1 ... 9- 3
9- 1
0-24
T; 3%% preferred (quar.)
;—
$$0.234375 ; 16-r 1 r: 9- 3
,/
Corp., common (increased)-————-—25e
8- 1
:.
9-24
British-American: Tobacco.Co.^ Ltd.—<
♦
/
/
1
Special ——
l°c
/;
9- 3
9-24
; /
Ordinary (interim)
___:
Is
10-7
* 8-31
American Smelting & Refining Co. (irreg.), ~
$1.50
9- 2
10- 1 /
v v
Registered (interim)
Is
10- 7 y * 8-31
American Hnufl Co., common———
w "
50©
i
9- 2
10- 1
6%- preferred (s-a)____
a2%%y 10- 7
y 8-31
v
6%
preferred
(quar.)—.———$1.50
9-17
9-30
r
' Registered
American Stamping Co. (irrcg.)——
(s-a)
:_i"/a2%%;
10- 7- : $-31
X
' 20e
v.: ' % K-.
British Columbia Electric Co., Ltd.— z... v,...,/ •! z
American
States
Insurance
(Indianap'
* *- :*': -Z
> 10- 1
9-15
oils)
:
; 4%
preferred (quar.)
*,$1
;10-1
9-15
(quar.)
—
v - 30c
9- 3
10- 1
British Columbia Power Corp., Ltd— z :
American Stores Co.
^
" y
(quar.)
: 35c
Class
A
American Su|ar Refining Co.—
(quar.)—X__
*40c
10-15
9-30
/
10- 2 :*;' f- 1*
Brockway Motor; Co
^
50c > 9-24
y 9-16
7% preferred (quair.)
$1.?5
i, 0-15
10-15
Brown-Forman Distillers Corp., com. (quar.)
American Telephone St Telegraph Co, (quar.)
20c
10- 18-17
$2.25
'
10- 1.';
9-19
American Tobacco Co., 6%
•> '<■ $4 preferred (quar.)
—J
$i
10-1
9-17
pfd. (quar.)— _>
$1^0
<10- 1*
(
10-15
4% junior preferred (initial quar.)
American Woolen Co., 7%
10c
10- 1 ,
9-17 .
pfd
iquar.)_—
$1.75
9-15
10- 1
Brown Shoe Co., $3.60
American Wringer Co.
preferred (quar,)__
90c
10-31
10rl5
—_—
X 30c
8-14
.0-30
'Brunswick-Balket-Collenaer
Co.—
'
.:>rXiXz-,:.
' xX
Ampco Metal, Inc. (quar.)
—
10c
9-7
9-29
$5 preferred
Anaconda Copper Mining Co.—:—
(quar.)_____
—_
$1.25 -10- 1; 9-26
—— •
75c
9-23
10- 1
Anchor Hocking Glass Corp. $4 pfd. (quar.) /..■■■-A91Bucyrus-Erie Co.,
Common—
_______
35c
10- 1
9-14
v,r#
9- 3
9-22
*'•'7%
Anchor Post Products common (quar.)____
preferred (quar.)
12%c
$1.75
10-19-14
10-22
11- 1
Budd Company
:
10c
9-30 9-16
y
«%
prior preferred (quar.)—
;
$150
Buffalo Forge Co.
6% prior preferred (quar.)
(jrreg.)
$1.56 1-31-49 ;V 1-31
—,
60c
9-30 ^ 9-2p
, v
9-17
Buffalo Niagara Electric,. 3.6'%
Anderson-Prichard
Oil
pfd. (quar,)
90c -10- 1;-, ,9-20
(quar.)
25c ; 9-30
9-17
9-30
Extra
25c
Building Products, Ltd. .(quar.)
*40c ? 10- 1
9" 9
9-20
10- 1
Bulova Watch Co. (quar.)
75c
10- 1
9-16*
y
Apex Electrical Mfg., common
20c
9-20
V
Extra/____—;
50c r';. 10- 1
9-16*
7%
j;
prior preferred (quar.)
*
$1.75;* 10- 1
11-15
10-15
11-15
10-15
11-15
9-20
(quar.)/—-—87'/2C
(quar.)
prferred
United
10- I
American
9-28
11- I
12-1
11- 1
12- 1
75c
pfd. (quar.)——
Refining & Mining—
Smelting,
Stock
American
'
,
35c
$1.75 ;:10- r+.'*-r 9- 9
$6
Radiator Corp. 6%
U.
dividend
Cash
19-21
—-
prior preferred (monthly!-.—.—
58%e
7% prior preferred (monthly)—-———
58%c
626%
prior pfd.
(monthly)—————
53c
6.26% prior pfd., (monthly)—53c .
6%: prior pfd./♦monthly*
—50e
6%
prior pfd.' (monthly)^——— »
50c,
United Printers St Publishers, Inc. iquar.y—
30e
United Public UtiUties Corp. (liquidating)■; $4 ;
S.
preferred
American
v;//
^
8-31
,
X
;
N?me oj Company
Bohn
W- IX/- 8-31
common.,
American Metal Prodncts—
/
7%
U.
3.90%
9-20
-
—
-
Co.r
Locomotive
(s-a)
American
\ X X
,
——
preferred
(quar.)____—
Machine & Foundry Co.—
7%
;.y;
9-10
$1.60-*^ : 9-30
^
26ev 10- 1
•
—
r
American
9-20
10-1
each
Trac-
for
37y»c
of
rate
American
of
9-27
Corp
American Insurance Co. of New Jersey
/Extra
will be
but cash
issued
be
the
at
share
9-30
When" .Holders
Per-*■
Share; rayabte-of fiec.-i
preferred™
non-cum.
Insulator
American
9-23
9-22
10-1
,
10- 1
«
________
share at American Light St Traction com¬
mon for eaeb 50 shares
held). Practionar
shares will not
10-15
(Brooklyn, N. Y.)—
1™
;
Railways
Quarterly
United
10- 1
' 51.75
75c
Snion Stock Yards Co.'7% pfd. (a<cum.)___
nited Dyewood Corp.
of Omaha. Ltd
United Industrial Bank
10- 1
37%©
25c
(quar.)™
(quar.)____—____
Corp,
■-*/:
:.;v;
0/Company
American Ice Co., 6%
o
pfd.
$1.50 conv.
Coach Co.
Twin
Ddylite
Name
Payable of Rec.
Share
*
Holders
When
Per
Name of
•
.
9-20
.
•
*
Van
Sciver
5%
B.)
(J.
pfd.
5%
A
pfd. class B
Co., common
Tool
Vlchek
'•
10- 1
10-15
10-15
10-15
9-jO
9-30
9-30
50c
25c
*20c
9-30
9-30
10-15
31 %c
^
*51.75
25c
27%e
-/'-•< $2
25c
10- 1
9-15
10-1
9-27
11- I
10-15
9-30
9-22
9-11
10-15
10- 1
9-20
9-30
9-20
—
preferred iquar.) _™_:™™—™_
Vulcan Corp.. $3. conv. prior pfd.
iquar.) —
7%
Waterbury
-
Parrell Foundry
Quarterly
_
-
Ltd.
WaterouS,
5%
*
———
Showcase
Weber
Fixture
St
preferred
Kdotenay
Power
7%
preferred
Light
&
Ltd.—
Co.,
;
__
West Michigan
1%
Steel Foundry, com.
pfd^ (quar.)-,-——
prior
(quar.)
West
Virginia Pulp & Paper (year end)-—
"Western! Casualty Si Surety (quar.)
Extra*"——
preferred
$1
tqnar.)
Water, $6 preferred
Whitehall Fund,! inc.——---—
Wieboldt" Stores, common (quar.r
$4.25 ^preferred
6%
>
preferred
Wlllett
'■
•
—
—
:——
(quar.)———
H.f Inc.
(quar.)—/
I Consider
30c
preferred (qtmr,')-;-^/-ii/——% "X'9-22
Willapa .Harbor Lumber Mills
- r
75c
" 9-21
9-14
York Corrugating Co.———
>25c
9-25
9-15
:>/
Atlas
■-
Corp.
'
,
Abbott
laboratories
Pep
(increased ouar.)
Extra
Abitibi .Power
Paper Qo;, Ltd., $1.50 pfd.
preferred (quar.)
i
Acadia-Atlantic Sugar Refineries, Ltd.— •
Class' A" parties:preferential
(quar.)_
Acme Aluminum Alloys, Inc.—
$1,10 convertible'pfd. (clears all arrears)-
$2.50
preferred
—
Admiral
—
II-
1
—
Aetna Ltffe Insurance Co.
Aetna
Ifr-
••
(quar );
9-15
10- 9
9-17
9-20
9-10
10- 1
9-10
40c
10-1
5%
preferred (quar.)_______
1_
Agnew Surpass Shoe Stores, Ltd. (increased)
Agricultural Insurance Co. (N. Y ) (quar.)_
Baltimore
9-30
7%
12- 1
10- 1
10- 1
10-29
9-15
$2.50
10- 1
Power
$1.05
10-
1
&
Co., 4.20% (quar.)
Vlcksburg Ry. (s-a)
$3
37%c
5%
l
Barber
9-30
25c
'
*
I
1
10-1
10-
1
Sugar
Filter
$7
Air
Co.
7(quar.),--1
*25c
/
20c
,
10- 1
9-13*
9-13*
1
-
10-
' 25c
;
10- 5
0-20/
70-5
9.20
$1.75
5%
preferred
(Del.),
American Alliance Insurance Co.
Y.)—
9-28
9-14
9-2$
25c
—.—
American Casualty
Co.
Co.,
10-15
10-
1
9-
10-
1-
9-
$3
10- 2
$1.75
10-1
common—
(quar.)_
-20c
v
10
L
v
9-16*
9-23
-1
6%
preferred
(quar.)—
Crystal Sugar common (quar.)._
prior preferred- (quar.)^________
American Cyanamid Co., common/ (quar.)___
$1.50
30c
10-
1
$1.12%
: 10-
1
American
4 /2%
3%% preferred A (quar.)
American Dairies,
Inc.,. 7% pfd.
American Department Stpres American. Express
American
Fruit
Co.
(quar.)
(quar.)____
7%
preferred
American
Home
>
60c
Product*
(monthly).
•
25c
•
:
.
55c
lOc
5%
9-24
Binks
Black
1
1
9-30
/
9-20
1
9-30: •;
10-. 1
' 10-
1
9-20 J
9-20
9-20
Co.
——
Home
A
9-30
9-18
9-30
9-18
10-
10-20
preferred
9-
1
9-10
10-
I-
1
9-10
10-
1
9-16*
10-15
9-28
y
:
9-14*
i;
1—.——__
pfd.
conv.
Ltd.,
,
1
10-
1
common
1
9-14
9-15
1
1010-
1
1
9-10
10-
1
9-
,
8-28
37%c
9-15
9-11
9-11
,9-14
—
(quar.)
; V?
/
50c
$1
50c
>
9-15
9-15
.
9-15
10-22
11- 1
10- 8
9-25
9-30
10-1
; 12%c
.
9-
10-
$1.75
1
9-20
10- 1
9-30
9-20
; 50c
50c
3
9-20
9-20
9-20
9-30
1*
9-24
9-17
9-
9
9-24
9-
9
;/y
,
-
_
9- ,1
10- 1
10-15
9-15
9-30
10- 1
10-30
9-28
12-15
10- 1
10- 1
10- 1
10- 1
9-J5
9-30
9-15
9-13
11-25
9--I
9-1
9—1
A
*3i7%C
$50c
-10- 1
10- 1
(quar.)
(quar.)l
Westingliouse
Canadian
Wirebound
$i.50 class A
Boxes,
i0-15
j
>
8-23
*
*
Co.,
vj.
Ltd. (quar.)__
Ltd.—
.
(quar.)l
v
9-15
-
.
2
9-10
1
9-14
1
9-14
r
Capitol- Records, Inc., $2 conv. pfd. (quar.)
65c
1
9-15
Carborundum Company (quar.)___
50c
9-30
9-15
Carey, Baxter & Kennedy (quar.)
25c
9-28
9- 7 XX
; Carey (Philip)
Manufacturing, com. (quar.)_
40c_
9-30 • , 9-15
5%
preferred <quar.)l___
$1.25
9-30 9-15
/Carnation Co., 3%% 1st preferred iquar.)
93%c
10- 1 ,
9rl5 z> :
> Carolina
Power & Light, common
50c
11- 1
ip-11
;
$5 preferred (quar.)_l^_____
$1.25
10- 1 „ 9-15'
Carolina Telephone & Telegraph Co. (quar_)
$2
) 101
9-22 V
Carrier Corp., \% preferred (quar.)__
50c
JO-15 -9-30 » ;
Carriers & General Corp. (quar.)
5c
10- 1 . i
Case
(J. I.)
Company, common.,
„40c
10-1
;
9-11
r
7%
preferred (quar.)
$1.75
10- 19-1L
■y Cassels
5c to 10c Stores (quar.)—
5c
10- lz.it 9-22
Cassidy's. Ltd., 7% preferred (quar.)—___
*$1.75
10- 1 ;9- 1V Carter
(J. W.)l Co
10c
y 9-30 V
9-20 i !5
Celanese Corp. of America, common—
60c
z
9-309-17
;•
$4.75 1st preferred1 (quar.)____
$1.18%.
10- lzi .9-17
7%
2nd preferred (quar.)
$1.75
10- 1
f 9-17 p
/Central- Hanover Bank & Trust Co.—
f ' 'XXX:,-''^.-XXXA
%t
f t Quarterly
—
$1 A 10- 1
9-17
Cannon
?
Class
Mills,
*37%c
:
9- 1
75c
75c
common
B y
-10101010-
.
,
■
9-30
.15cf.:i0-
:
'• 25c11-2
25c
9-30 /
;,v37%©
$1.50y
;,,
9-80
9-30
10-11
:
$1.37%
10- 1
i*
9-25
9-15
Illinois
Common*
Electric
&
Gas—
i.
preferred
Central
series
B
(quar.)
IllinoisrIdght Co.; 4%% pfd. (quar.|/
I. Central Illinois Public Service
4% preferred (quar.) _________
•
v
.
32%c
;$1.02%
$1.02%
(quar.)
preferred series A (quar.)
4.10%
9-18
;
Central
4.10%
0-18
Bohack
(H* C.r CtK, Inc.—
5%% prior preferred (initial)™
10- 1
*20c
*17%c
*$1.75
*$1.50
*15c
i$2
*$1.25
t$l
*50c
preferred (quar.)
Pacific Railway Co. (interim)—
Canadian Silk Products, Ltd.—
class
.V
■
Ltd.—
(quar.)
Industries,
preferred
>
•->
,
V
XX:**X/-VXfX'i-;
,
25c.
Bliss (E. W.) Company—
New common (initial quar.)
Co.,
.v
8-31
t$2
*20c
(quar.)____
Ltd
Canadian
$1.50
8-31
/
#
,
| Cy $1,;
(qua^.), z 25c
Manufacturing Co. <quar.)_
& Decker Mrg. Co
y,t- ;;
__
>
'"10- 1
50c
(quar.)
9-30
9-30
12-20
;
common
.
*
y-
Machine
Co.
Ltd., common (quar.)
7%
preferred (quar.)_
Canadian Ingersoll-Rand Co., Ltd
Canadian Motor Lamp Co., Ltd. (quar.)
Canadian Oil Cos., Ltd.,. 8% pfd. (quar.)__
,
9-15
A
Canadian
8-31
9-30
" 81%c !
$1.02Vk
Ice
5%
10- 1
10- 1
*25c
9- ,1
9-^5
9-i7
9-16
8-31
10-11
10-^1
9-8
9->8
9^8
9-8
9-8
9-17
9-^7
9-17
9-->3
9-,3
8-41
*75c
Electric
Investments.
■X
8-31
9-15
.
,
4%
j
8
.
*30c
,
,
11-1
11- 1
10- 1
10- 1
10- 1
10- 1
10- 1
9-30
9-30
9-30
10- 1
10- 1
10- 1
*$1.12%
General
,
9-10
10-
10- I1
*18%c
:—
—
General
Class
1
.
.
-
.
$-lO\^T'"'"
Foreign Investment Corp., Ltd.—
Canadian
9-14
10-
*
8-20
10- 1
*43%c
*55c
preference (quar.)
Canadian
9-15
1
*31V4C
Quarterly
9-15
10-
'
y
10-1
„
1-
(quar.)
Canadian
9-13
50c,'
9-30
',37%c X 9-28
-
Bliss 8e Laughlitt, Inc., eommon______
"X a% convertible preferred (quar.)—
Block Bros. Tobacco. 6% preferred (qudr.)
9-10
—
(quar.)___
iquar.)
Canadian
•
(
non-cum
4%%
9-20
10-
9-H)
10-15
tsnc
*50c
*$1.25
$3iy4C
+25c
+5c
115c
*10c
*75c
*25c
<
(quar.)
(quar.)__—
preference
Class A
9-13
1
50c
84%c
*60c
*25c
*35c
!
(quar.)
preferred
pfd (quar.)__
(quar.)_
common
Canners; Ltd., common
Canadian
9-24
9-30
25c
_____;
>
9-1/J
,
;t0-" 1
*00c
—
preferred (quar.)preferred (quar.)
Cottons, Ltd., common (quar.)—
6%
preferred iquar.)
Canadian Food Products. Ltd., common
10-1
10-
*
convertible
preferred
1st
*25c
*$2
(quar.)_
if-a»
$1.75
8
10-
50c
—
—
~ *$1.12%;
10- 1
*32%©.
9-20
$1
9-15
(quar.)
________
Co.,
Participating
Canadian Celanese,
9-16
(quar.)_
9-30.
.
.
•
$62%C •_/10-T
.—1
Corp.
Lines Ltd.
Participating
12-14
25c
Appliances—
Manufacturing
Extra
9- 3
10-
RR.
Extra*;
9-17
10-
5%
9-14
1-2-49
Bronze
Canadian
9-10
1
10-
1
(quarT)
Bingham-Herbrand 'Corp.,
9-23
10- 1
50c
$1.50
:
3
1
Creek
Extra
9-20
10-
$1.18%
.
9-
5%
6-30
12-31
50c
$1.12%
l_
$3.25 preferred (quar.)__
i_
$4 preferred (initial)
Benson & Hedges; $2 coriv. preferred (quar.)
Bessemer Limestone & Cement, common
\% preferred (quar.)_
4% preferred^.(quar.)t,^^————
Bethlehem Steel Corp. (Del.)
'
1%
9-3
-
10-18
1
(quar.)
0-15
.
(quar.)
_*____
(s-a)<___
.Canada.Varnish;Co., Ltd., 5%
9-10
9-25
V
10-
Common (increased)
Bibb
9-20
10-15
25c
$1,75
(quar,).:
9-20'
16- 8
,
$1.50
common^__/__
9-15
v
1
>
-
-
1
10-
10- 1
-
______
(quar.)
Hardware. Corp.
10*-
$1.75
25c
!
(quar.)_.
American Gas & Eiectric 4%% pfd.
(quar.)
American Hair & • Felt CO., com.
(qnar.)
$.6 2nd preferred (quar.)
American
9-30
87%c
(quar.)____
Growers
American. Hard Rubber;
Co.,
■'
;■
Ltd.
preferred
B
Steamshio
$1
Beneficial Industrial Loan-—
■
American-Cigarette;& Cigar. Co.—.
Canadian
Class
;
Permanent Mortgage
10-
(quar.)
common
Co., Ltd., class
preferred
(quar.)
Extra
9-16*
f
Canadian Breweries. Ltd.
9-10
(quar.)_
Co.,
Lumber
Bendix
v 9-16*
10- l
9-24
9-10
1
.
i«
$1.75
(quar.)_
Foods
10- 1
y
—-
1
common
j
<
Canada
50c
Co.,
4
Stqne, Ltd
*10© ; 9-20 /- 9-^1
;
.* Capada Dry; Ginger; Ale, ..common.--.--...
15c *"10-^ ;•
9-15*^
$4.25 preferred
iquar.) 11Z1
$1.06%
10- 1
9-1541
:Canada .Flooring, Ltd., ciass_ B (initial)
*15c
1-3-49
12-1,7 ^
Canada "Northern Powert Ltd
—sa^^tlSc y-10-25 7 - 9-2fi ,.•>
Canada. Packers, Ltd.—.
v
z
V< ^»tv
;
$1.50 participating class A (s-a)
*75c
10- 1
9- »1 >■
Canada
75c
Optical
preferred (quar.).
Ltd., $1.30 pfd.
•
9-20
40c
$1.75
$1
30c
45c
.
.
Crushed
'9-18
-
1*
75c
Y.)
S-10
9-1)0
;•: ?
$2.50
—
9-30
Beech-Nut Packing
Co.
(quar.)
40c
9-27
Belding-Corticelll, Ltd., common (quar.)^
*$1.50
10- 1
z
7% preferred (quar.)_
*$1.75
16- 1
Belgium Glove & Hosiery Co. of Canada, Ltd.— " '
y> Common (quar.)
;
*l5c
10-1
y
5% preferred (quar.)—
*25c
10-1
Bell Telephone Co. of Canada (quar.)^
*$210-15
;!Bendix Aviation Corp. (quar.)____
;
50cr .: 9-30
9-20
40c
(quar.)
,'Pa.)
Beech
'
6%
Lomb
Bros.,
$1.40
8-14
:
American
American Car & Foundry
7% non-cum. preferred
9-18
75c
$1.50
(N.
Bank
Note; commonpreferred
(quar.)
American Can Cq., 7%
preferred
1
$1.25.-10-1.
(quar.)
Amcricanv/^prfcultural Chemical Co.
Extra
Quarterly
< 9-19
V 9-I6
(N.
convertible
Beatty
11-3
12%C
(quar.)
preferred- (quar.)
American Aggregates,
3%%
8*
10-
Canada
9
Co
%-15
^
—______
Canada Cement Co.,
10-15
1
lst
*
'
10-
Corp
preferred
4%
Beatrice
9-10
12-1
50c
(quar.)___
common
&
Beaver
•
Co.
preferred: (s-a)__
.
10-1
,
(quar.)
(quar.).
:__
Manufacturing Co. common,
preferred (quar.)____^
(Ludwig) & Co
-
Amalgamated Leather-C08;^-Inc.—v
,
*,
! '
6%
convertible; preferred < (quar.)- r / 75c
t6<l
Amalgamated
9-
Oil
Bausch
9-20
9-30
11-
$1.25
Y.)
10-1
"
Canadian
4V2%
9-14
10-20
5
9-1$
11-20
Co.—
(N.
x
9-20
10-1
34%c
(quar.)
;Canada Bread Co., Ltd.—
5%
class B
(quar.)
60c
(quar.)
/y-y
9-17
.
.
preferred
10-
Baumann
9-10
75c
93%c
-:':*-i':
j-
—_
American
Bates
9-7
.9-7
40c
1
•
Extra
RR.
Manhattan Co.
Trust
4
'
10-
(quar.)
Bastian-Blessing
9-1
1
9-20
$1.5?
)
(quar.)
Bankers
9-20
10-
9-30
12-15
8%c
8%c
y 20c
(quar.)—
Hydro-Electric, common
preferred
(quar.)
;
preferred (quar.)_
7%
9-10
10-1
.r;',5:%
5
11.50 1.15-48
$2.50 ; 9-27
(accum.)
9-W
9-17
.
37y2c
(quar.)
!
preferred
4%
9-10
1
30c
j
-■
Corp.
Co.
convertible
Camden Refrigerating & Terminals—
5
5c
preferred
—
Bank of The
9-8
10- 1
62y2c
Corp., common (quar.)
Allis-Chalraers Mfg., common " (quar.)
Manufacturing
1
' 40c
—
Allied Stores
Aluminum Goods
10-
/
2V2c
—
$3.75 preferred
(quar.)
,-i
Aluminum Co. of Canada, Ltd.—
4% preferred iquar.)____:
9-20
10-
-
$1.0614
&
Laboratories
10-
10-
11-1
Forge
'£ 5%%
(
9-23
r
.11-:!:^ id-
$1.50
Bangor
Aldens, Inc., common (quar,)
414% preferred (guar.),,
Allied
convertible
Extra
9-17
Alabama
10-15
8-10
r,
9-10 ,hX:
'6/?:
9-15 XXy
9-l£ Ax
9-15 f
;/10- 1 y>
9-10*
f i
10-15 9-H)
yy llr 1// 10-lA <X).
.10- 1 f 9-15 ^ V
'
56%c
37%c
20c
' 25c,
30c
(quar.)———
pfd.
^
.
(quar.)
Corp.
$1?
5%' 1st
Co.,
Bangor & Aroostook
9-15
Alabama
Brick
BancOhio
9-25
*15c
75c
83Ac
class A (quar.)__
Akron Canton & Youngstown RR..
6% preferred (s-a)
Equipment (quar.),:
Alleghehy-Ludlum
Steel,- common,
Allianceware, Inc., common
$2.50.conv. preferred (quar.)
Allied Chemical & Dye (quar.)_
(quar.)__
Steel Corp.—
convertible preferred (quar.)
7%
-•
—_—
50c
.Calgary-St Edmonton Corp., Ltd. (s-a)*5c
California Electric Power, $3 pfd. (quar.)__
75c
(;. $2.56
preferred
(quar.)--—
63c
,yv ; 5%%
preferred/(initial quar.)_
28c
^California Ink^^ Co. (quar.)
75c
California Water Service Co.. (quar.)
50c
Baltimore Porcelain
9-10
$1.25
Ahlberg. Bearing Co.,
,
6%
T." Financial
I.
4%%
Co.—
Company, common
preferred iquar.)
preferred (quar.)
6%
9-16
9-30
Wilcox
&
vC.
9-10
-
1
9-30
,
Baldwin
9-16
-
10-9
-
12%c
62%c
__
___•
Babcock
Standard Engineering Co.—
Electric
class A (quar.)
(Del.)
'
Camden
10-
50c
XX'i ■ •"
:'X;X'^
9-r5
*15c • 10-1
/ 9-15
*10c
10- 1
- V^-30®
> 0-21 ;uo^9»v3*."
^"*'250'/ 10- 1
,
Co.
(quar.)
______
9-1
9-30
:
56y<iC
*l^c'
•
Ltd., common....
Cou, Ltd.—
Alarm
31%©
10-. I*-;,,.=
28%c
10- 1
$1.50
10-1
20c
-10- 1
31%c ,v 10- 1
31%C'
10- 1 ?,
,
VzByers^f A./:M. Vyzcompany^^^^-
•
(quar.)
Insurance Co.
(quar.)
Manufacturing Corp.—• /
preferred (quar.)
Avery (B. F.) & Sons Co., 6% pfd. (quar.)_
Axelson Manufacturing Co. (quar.)
Ayshire Collieries Corp. (quar.)
—Babbitt
(B. T.), Inc.
(quar.)
9-17
1
9-30
/15c
__
/
Allen
~
(quar.)—
Fire
8-18
9-30
93%c
>'■'
—
Automobile
10-15
75c
__
B
;;»-27-
9-22
Avcp
10-15
11-1
——
Corp.
Advancer Aluminum/Castings
Aetna Casualty & Surety (quar.)_
Class
Automatic
9-15
9-20
-
30c
$1
y
<quar.)_
Co.,
Products
69c participating
•;
D.)
••Extra
Fabric
r
9-10
27%c
Works, Ltd. (interim)
*26©
Manufacturing— >
Increased quarterly
' 25c
Addressograph-Multigiaph Corp.,;.(quar.)50c
(J.
8
27Vac
(quar.)
Acme'. Glove
Adams
9-
^__
preferred A
preferred
Auto
9- 1
)' 0- 1
(quar.)
$2.25
-
convertible
;
1
10- 1
*25e
-
$1.10
10- 1
10-
A
Electric Service
9-15
>
non-conv.,preferred B
10- 1
.•.■■■
(P. H.) Co., common iquar.)—
convertible preferred (quar.)_____
5%
r
9-10
tlbc
.
-
»accum.)
pfd.
5%-
-
,/
Imperial Diesel Engine Co.—
Series
'
*50
(quar.)—
(quar.)
B
Auto
9- 8
110- l ¥
*37 tee
*62%c
prior
Refining, 4%
Atlas
10- 1
65c
15c
Co..
City Electric
Holders
When
Payable of Reo.
Share
,
9-30
9-30
*15C;
Investment
preferred
9-10
Terminal Buildings,. 7%
Butler
9-lj) Zy-t
9-20,
•
(quar.).,.
Atlantic
3%%
9-10
9-24
$25c
—
Hardware Co., Ltd.—
(J. H.)
A
Atlantic
*
/I*:
(quar.)
—-
Ashdown
••
10-1
£
3%
Ltd.
>
9-15
--
Extra
Associates
9-15
"
9-20
15c
.
Steel Co., Ltd
Manufacturing—
>-■?-.*.
non-cum
preferred, (quar.)
4%% conv prior preferred <quar.)_-_;
Burii
dividend
Corp.,
1
10-15
40c
15c
*——.
5%
9-16
c
_"_
(quar.)
Bush
12-18
,
9-30
15c
51.12%
51.50
'• 12%c*
50c ;
Ring
Burlington
12-23
10-
Piston
Extra:
12-18
12-23
v
(quar.)
Carpet Co.—
Stock
V; Class
Name of Company
/
50c
Asbestos
we
precedin&tafrle.
(quar.)—_____
Corp.—
Gas
Extra
Artloom
give the dividends announced in previous
weeks and net yet paid. The-list does not include divi¬
dends. announced this week, these feeing given in the
V
—
—.
preferred (auar.)
Armco Steel Corp., 4%% .conv. pfd.
iquar.)
Armour & Co., $6 prior pfd. (quar.)„—
Arnold Constable Corp.
(quar.)
Art Metal Construction (quar.)
——
Below
Natural
0-30
$1
$1
$34;
$1;25,'.'
—
—
(s-a)
Edison Co., $5 pfd.
6%
9-10
9-30
9-239-23
5%
(quar.)
preferred
Arizona
9-23
9-10
9-22
9-20 i10- 1
62%e/,
——
:;
(quar.)
Common
Arkansas
Burd
?
Mills—
Cotton
6%
9-10
9-30
10c
Corp
Common
z
9-23
14©
30c
$1.06%
75c
——
.
Arts
Arcade
.
/
,
v
Applied
10-20
9-20
$1.50
(quar.),
(quar.)——
Wteifin Terminals, common.
9-30
II- I
10- 1
10- 1
10-20
,10- 1
10-1
10- 1
$1.50
■
Westmoreland
(
•
,
—
9-15
9-15
9-30
>
25c
Western-Electric. Co.
6%
.
25c
_
Wetter© Insurance Securities Co.—
$2.50 Class A (accum.)__™__
(
'
-
-
(quar.)
10- 1
y-21
9-21
9-15
Co.—
quar.)
West
'
10- 1
Machine—
St
—
Extra
9-10
9-30
*56e
25c
$1.25
27c
' 25c
$1.75
75c
——
(quar.)
<quar.r_____
iquaf.)——
noncum.
.
.
Verney Mills of Canada, Ltd.—
4%% preferred (quar.)
Virginia Jron, Coal <fe Coke 4'r pfd.
.
„
$l.j|^
10- 1
10-T
10- 1
9-17
9-17
9-17
9-i0 ;
10^ t :
%
..
$1 ."=
9-30
;.
;
9-17
J
& FINANCIAL, CHRONICLE
THE § COMMERCIAL
4735
Volume 168-'• Number
—
____i—»
common-—*.-—/—-
Central -Maine* Power,
.
87%c
'*
3.50% " preferred: (quah)l--—
6%; preferred
(quar, )—
Central Ohio Light & Power Co.
Central Paper Co.
(quar.)—
10- 1/
•
(quar.)
hx 15c
*75©''
&
(quar.)-
West Corp.
South
(quar.)
6;%. preferred
& Wire,
Steel
Central
$1,12%
c'onvertible
Mfg.
--L——'
Chesebrough
■
Extra'
'—
10-
1
10-
1
50c
9-20
1
10-
1
9-20
10-
75c
-
1
87 %C
9-.
1
9-
4'--
25c
9*25
9-
4
Deep
$5C
10-15
10- 1
$3
10-29
9*30
10-15
9-30
9-15
Delaware-New
10- 1
9-20
Delaware
75c
10-
9-20;
9-30
12-31
9-20
9- 4
$1»75
9-20
9- 4
25c
10-15
$1
$1,371/2
$1.12
'/
(quar.)
Service CO;
9-30
10-15
50c
9-20
62% c
9-30
—
$1.75
9-20
$1
—
v
Co.*
Sond
$25<r. 'V, 12* 1«
.
;10«
9-20'
10-27
9-30
10-
1
1
1
5c
10-
1
9-15
9-20'
lc
10-
1
9-20'
Extra
Extra
10-
11-15
10* 5i
9-30
—
Credit
Commercial
Co.—
(increased
Common
preferred
3.60%
quar.)
90c
(quar.)
Corp
37V2C
Solvents
Commercial
6c
(Del.)
Shearing & Stamping
Investment
Commonwealth
Co.
9-30
9- 8
9-14
1
Extra
Commonwealth
9-25
& Southern Corp.—
preferred
preferred
(quar.)
Ltd.,
Retail Stores,
Consolidated
10- 8
9-15
10- 1
9-15
10-
$7
9-15
9-30
8-30
9-15
9-17
Edison
30c
10-
1
53V2C
10-
1
9-17
12- 1
,
11-15
9-15
(s-a)—:
.
Co. (Toronto)
Consumers
Gas
Consumers
Power
"
X2
(quar.).
Consumers
(quar.)
Baking Co., common
—
$1.12%
Continental
preferred
$5.50
10-
Continental
Common
—
Continental
Co.
9-17*
1
9-15*
10-
1
9-20-
Co.
10-
1
9-20
10-
1
9-15
10-
1
9-15
1-2-49
$1.12
$1
25c
of
12%c
of
9-20
40c
9-15
5%
Crum
Steel
40c
25c
(quar.)
Works—
$1;
55c
(quar.)
Corp.—
Publishing Co.
Cc.
Forsteri
-
&
Class
common
Clasa
9-20
9-10
10- 1
9-24
,
C
Quarterly
9-20-
9-10* '
9-131
Faultless
$1.25.
(quar.)
9-30
$2
10-15
12-31
30c
9-30
30o
Corp.—
:——
•
Cuban-American Sugar, common
Common
(irreg.)
77c preferred (quar.)
30C
9-30
Federal
9-10
10- 1'
12-17
25c
50c
Felin
9-17
——
——
9-30
"
9-17
50c
1-3-49
12-17
$1.75
9-30
9-17
.
Extra-
General
■.
(Initial s-a)
Glen
Glens
15C
25c
1
9-20
9-30
1
62 %C
10-
68%C
10- 1
Co.
37 %c
Shops, Incs (quar.) —
-
^
—
—
*
*
—
25c
,
1
9-30
10-
-
25C-
*
;
•
9*13*?
receive
44/3000ths
If
must notify
share held.
50c
/,
50c
55c
40C
$1.06%
$1.06 y4
93%c
8IV4C
15c
;
25c
—I——-
(quar.)
56 %c
$1.50
—
$1.25
$1.12%
._
25c
15C
65c
—.-———
'"
87'% 6"'
preferred
$5 pfd. (quar.)_
(increased quar.)_
C.) Co., $3.50
Safety Razor Co.,
(A.
Harvester Corp.:
$1.25
50C
;>
—■— -———
——
15C
Shale
common
(quar.)
40C
35C
—
convertible preferred (quar.)
Globe-Wernicke Co. common (resumed) —
77c
preferred' (quar.);
Gold & Stock Telegraph (quar.)——__—
Goldblatt Brothers, Inc., common
(quar.)_
$3.50; preferred (quar.)
Golden Manitou Mines, Ltd.
(initial)—
Golden State Co., Ltd., 4% pfd. (quar.) —
Common (quar.)
'———
Goodrich (B. F.)
Company, common
$5
preferred! (quar.)
Goodyear Tire & Rubber Co. of Canada—
Quarterly
--i———
Gorton-Pew Fisheries
(quar.)—
—
Granite City Steel Co.——--I.—
Grant (W. T.)
Company, common (quar.)_
3% 7c
preferred (quar.) ——
Gray Drug Stores (quar.)—
Great American Insurance Co. (N. Y.)—■
Quarterly
Great Lakes Industries (quar.)
Great Lakes Paper, Ltd., common—
Class A preferred (quar.)
Class B preferred (quar.)
Great Lakes Plating (quar.).;
———
Great West Felt Co., Ltd.—
50c conv preferred • (quar.)
r
Great West Life Assurance Co. (Winnipeg)—
Great. West
;
Saddlery, Co., Ltd.—
2nd preferred, (quar.)
Great Western Sugar Co., common
6%.
(quar.)_
preferred (quar.)«.——
(B.) Wire Co., Ltd.
Extra ■
■
—.
—/
—•i——
Greyhound Corp., common (quar.)_
4 %%
preferred (quar.)
;
Griesedieck
Western Brewery
Griggs Cooper & Co<—■
5% 1st preferred (quar.)
—.—
Grinnell Corp*
—•—ru————
Gruen Watch Co. (quar.)
Guantanamo Sugar,
$5 preferred
Guaranty Trust Co. (New
(quar.)
York) (quar.)
40c
50c
Coal Co.-———————
Brick (quar.)
Falls Insurance Co. (N. Y.)
(quar.)_
Alden
Company,
*■
56 %C
20c
$1.75
$1.50
12 %c
62 %C
$5c
$1
40C
$1
$1.25
1
9-10
;•$$•
10- 1
62 %C
9-18
9r20
9-14
9-14
32 %C
9-30
10-1
10* 1
10- 1
30c
10-15
10-
$$1
25C
93%C
9-23
10c
9-30
$40c
$6?.%C
$30c
9-3Q
/
.
9-30
,10c
9-23
$12 %c
10-1
'
SH&Vte
9-16
—
4% 7c
/
-..iiww
-10-. %
25c
;
(S. A) Company, preferred (s-a)Refrigerator (quar.)————
Glidden
7%
(irreg;.)
Co,_„
Feltman & Curme Shoe Stores—
5% preferred (quar.)
Fetro' Enamel Corp.-—
.10- 4,
'
cash, stockholders may
Greening
it Co._
'
(quar.)————-
Quarterly'
$25c
11-25
stock at the rate of
Glen-Gerry
10-1
11*10
11*10
11-25
10)/ 1-'"'
$1-.2S? JV-10-: -l/: V ' • 9420
<25C
10-.2v ' 9*10
$1.25
10- H'V, 9*10*; K93 %c •
11* It
low 4
r
Putnam
Gleaner
10-
$1.
25.C
(optional)
share for each pfd.
a
Gillette
20c
;
$1.75 V
■*.———-——
preferred
Extra
Shops
(John J.)
'
(quac.)^—
General* Refectories-
Gilbert
25c
9-17
* 9*17
Signal, common-——-——
(quar.)*—.——
Realty. & Utilities Corp.—
Extra:
Felt & Tarrant Mfg, (quar.) —
9-17
75c
Bake
$5.50- preferred)
Gerrard
$1.75
9*21
10-1
10- 1
$6/ preferred,
Gibson
9-30
10* 1
75C
;;ioc.
$L12% f
~*±ll~i
preferred \(quar.) —
Power Co., $6 preferred (quar.)
$5 preferred (quar.)
Gcrber Products Co., 4%% preferred
10- 1
10- 1
;
9-15
9-15
9-15
9-18
9*10 '
»*■ 1* *
;9-' l*
General: Railway
67c
preferred
Common
$1.50
'•
10-1
—
common
Fund of Boston (quar.) —
Georgia-Pacific Plywood & Lumber Co.—
$1.50
9-30
' "9-20'
*
"$$1.37f 110- l1
preferred/ (quar;)—^--—4—
preferred (quar.)_
Paint Corp., $1 pfd. (quar.)
$1 conv 2nd preferred (quar.)—.
General, Portland Cement Co
—
General; Public Service*—
$4 conv preferred (quar.)———
George
quar.)
9-30
t30c
;
9-10
13- J
9-30 V
25C
"~25C
;
9-21
9-17
9-10
9-30 *
;
343/aC
•
.
12-20
8O0
37 %C
—
10-15 y
•
9-30
28
is, desired;; holders
Corporation on or before Sept. 25-—
Telephone Corp., common (quar.)_
4.40%
preferred (quar.)———--.———-;
General Time Instruments, common (quar.)
4 % 7a. preferred
(quar.)
.*
—
General Tire & Rubber 4%% pfd. (quar.) —
3% 7c
preferred (quar.)————
3%7c 2nd preferred (quar.)-———
$1.25
1
9-30
9-30
300
General
$1
10-
10c
(quar.)
cash
87 %C
$1.12%
•' Federal Mining & Smelting—
Federal Motor Truck Cfli..—
——
(irreg.)...'
Rubber
'
rise'
12%c
$3i75
common
Life Insurance Co. (Syra-
Quarterly•
Farrell-Birmingham Co.
.
9-15
10-30
General
of
;
Fanny Farmer Candy
9-14
;9-15
10-30
Finance^ Corpy
'
In lieu of
Brothers Stores—
Farmers & Traders
(quar.)————..
(quay.)
B.:. (quar.)
1
1
40«r.: 10- 1 ■'''
40010* 1
■
•
9- 7
9-
9-30
10-
(quar.)__
Forster Securities
A
10-
America—
preferred
convertible
&
87^ preferred
Crum
of
v
9-15
$1
Crucible
9-20
1
class A
(accum.)—':
Crown
Zellerbach Corp.,
common
i
9-20
1
—
(quar.)
Cork International
Crown
9-23
9-30
10- 1
9-25
87%c
Corp
America
10-15
10-
93%c
(quar.)
Crompton & Knowles Loom
6% preferred (quar,)
Crowell-Collfer
87%c
+10c
common
Wheat
9-14
*
Ltd.-
preferred
3%%
Creameries
9-14
9-24
$1.31%
preierred series A (quar.)
Glass Works, common
3%% preferred series 1945 (quar.)
3%% preferred series 1947 (quar.)
Crcatn
9-24
I
$5.25
Company,
9-10
75o
Corning
Crane
9-30
50c
(Del.) (increased)
Industries
(increased quar.)
L.)
9-27
12-15
9- 7
$1.13
(quar.)
(quar.)
Corhell-Dubilier Electric—
(R.
9-17*
50c
preferred
Crain
1
10-
com
(quar.)
Continental-United
$3;
9-15
10- 1
Cooper-Bessemer. Corp.—
Common
9-21
$1.25
(quar.)
Oil
10-
9-10'
•
'
' 10*15
'10-15
10-30
55c "
General; Motors Corp., $5
$6
Electric Power & Light $6 pfd. (accum.) —
$7 preferred (accum.)„_
—
Electrical Products Consolidated (quar.)—
Electrical Products Corp, (Calif.)
(quar.)
Elgin National Watch Co. (quar.)
Elliott Company com._
;
57c preferred (quar.)
5%%
preferred (quar.)
El Paso Electric Co. (Texas)—
$4.25 preferred (quar.)
—
El Paso Natural Gas, common (quar.)
Emerson Drug Co., 8 7o pfd. (quar.)
Emerson Electric Mfg. Co., com. (quar.) —
i7o
preferred »(quar.)
—
—
Emsco Derrick & Equipment—
4 7o
convertible preferred
(quar.)
Endicott Johnson Corp., common
47o preferred (quar.)
Equity Corp.. 20c preferred (s-a)
Erie & Pittsburgh RR., 57o pfd. A (quar.)._
Estabrooks (T. H ), Ltd., 4.16% pfd. (quar.)
European & North American Ry. Co. (s-a) —
Evans Products Co. (quar.)___
Eversharp, Inc., 57c preferred (quar.)
Ex-Cell-O Corporation
Exolon
Company
(quar.)
Family Finance Corp., common (quar.)
4%%
preferred A (quar.)^_;
11—•—
Famous Players Canadian Corp., Ltd.—
9-10
93%c
$1.37%
(quar.)
Gin
1
9-30
25c
preferred
preferred
4%%
25c
(quar.)
Foundry & Machine—
5-%Hpreferred
Continental
4%%
(quar.)
1
10-
30c
(quar.)
$3.75 preferred
Can,
10- 1
$1.13
62'/2C
(quar.)..
Continental Assurance
Continental
10- 1
'
Transportation—
General Shareholdings Corp.
4lA7o participating preferred (quar.)
Register Co., 5Vi7c preferred (quar.)_
Electric Auto-Lite Co.
—
Electric Controller & Mfg. (irreg.)
Electric Ferries, Inc., 67c prior pfd. iquarj
Co.
preferred (quar.)
preferred (initial quar.)
Public Service, 5% pfd.
$4.50
$4.52
1
10- 1
Egry
J50c
9-30
9-15
'9-30^
9-30
;
10-25
'
20c
/
$2.25/
9-28
,
J50c
17 %c
-
Georgia
10- 1
9-29
9-15
9-29
.
Associates
tl6lAc
25c
9-30.
9-30.
11*, 1
10-
.
(increased)
A
•
:
(monthly)
50c
—
1
$1.25
preferred (quar.)
Textile Mills, Ltd.—
preferred
Sugar
:i»
r
5c
9-15
9-10'
$1
Consolidated
5%
preferred
Common
J75C
47o convertible57c. preferred, A
•
75c
9-15
1
11- 1
$206/
9-30
10- 1
10-25
preferred C (s-a) ———
(s-a)'u_—
General Fireproofing Co., 77c preferred-—
General; Industries,- 5% preferred (quar.) T_
General. Instrument Corp.
(quar.)—
—
Generals Mills, .Inc., 5%> pfd. (quar.)
-
10- 1
10^ t
9-20: i
10-15'
10- b
$25c
9-13
10-
10-
10-15
$1.75'
Refining
9-30
10-21
Brewing; Corp;
5%
Genertilf
v>
1
10-15
$1
9-30
11- 1
&
25c
$35c
General; Builders
9*30
25c
Eastman Kodak Co., com. (increased
67c preferred (quar.)
Eaton & Howard Balanced Fund
Eaton & Howard Stock Fund
Economic Investment Trust. Ltd
Ecuadorian Corp., Ltd. (Bahamas)—
Ordinary (quar.)
(quar.)
common
Oil
9-15
9-15.
9-24
(quar.)—
Supply—
"ConvertiblBr preferred (quar.)
General
9-1?
East Sugar Loaf Coal Co
Eastern Gas & Fuel Associates—
6% preferred (accum.)
4(/2% prior preferred (quar.)
Eastern States Corp., $6 pfd. B (increased)-
30c
Mi'g. (quar.)
class A (quar.)
9-30
10- 15
8I V4O
Eagle
$1.12'/2
(quar.)
Trust
Investment
Consolidated
Consolidated: Lithograph
Consolidated Press,
11-15;
$3
9-20
9-15
1
1
$1.50
-
—
(quar.)
(quar.)K^—
General; Box COi?
9-15,
10-13
20c
9-7
Eastern
—
10>15»
10*15
$$1;12%
9-10
90c
llv b
10* t
$500
1
$1.25
10-15v
$15c
50c
Light & Power.
Co,
of Baltimore, common
(quar.)_
4%% preferred (quar.)—
4%
preferred C (quar.)'_—
Consolidated Grocers Corp., com. (quar.) —
10-15.
$$1,75.
70c
(quar.)
Electric
9-13 1
9*27 r
9-277
10* 1/
'O-ZO-1'
9*15,
b
$256?"
2
Gas
Consolidated
10-
$35c
10-
10c
9-30
9*27;
125c
10-
75c
'
$35c
$1.75
1
10-
10-
Common (quar.) l^j^ljl^-ll^-L^i*.^*,.
$4i25. preferred seriea A (qiiar.) — ——
Generals Baking Co., -$8f: pfd. (quar.)
•
144c
10- 1
$1.50
preferred / (accum.).,—:
Light & Power, common
Inc., 40c preferred
(quar.)
Consolidated Cement class A (accum.)
Consolidated Cigar Ccrp.: (quar.)
Consolidated Edison Co.
(N. Y.t —
$6"
Connecticut
Connohio,
4%%
9-10
9-10
9-25
I2V2C
Commonwealth
12V2C
9*30 f
10-15
25c
Dunhill International, Inc. (quar.)
Du Pont (E. I.) de Nemours & Co.—
$3.50 preferred (quar.)
$4.50 preferred
(quar.)
Dunson Mills
Duquesne Light, 5% preferred (quar.)
Duval Texas Sulphur (quar.)
7
9- 7'
9-
9-30
10-
Oris;
.9*30
•
.
9-10
9i.l0 ;
9-17
10-15;
50ft.'
$12%C
Extra t
—
Duke Power Co., common
1% preferred (quar.)
DuMont (A. B.) Laboratories—
5% preferred (initial quar.)
Dumont
Electric Corp.
(resumed)
Dun & Bradstreet, Inc. 4V2 '/r pfd. (quar.)_-
'
,
5
11-15
75c
(quar.)
Inc.
System,
Gas
15c
15c
Columbia
10* I
10* 1
200
Corp., $2 preferred (quar.)
Dryden Paper Co., Ltd. (quar.)—
9-15-
10-
9-2A.
11> 3;
62%c
com
9-17
10-
75c
Packing
Corp.
$4.50
preferred/
General? American
7%%/
/ Draw
9-15*
10-
25c
Co.,
9-17-"
; 9-20
10- l- - ^ 9-15
1
10-
25c
(quar.)—.—
5%% : ]preferred! (quar.) I—1_—
57c: preferred* (quar.)
Gemmer Mfg. Co., $3 preferred A
General American Investors, Inc.,
(quar.)
^ DrapernCorp. v (increased)_____.-_^,„,_^_^v
9- 7-
'
25c
(quar.)
Breweries
Columbia
5%
y
I2V2C
(quar.)
——'.J.
Extra
$5
10- 1
$1.50'
25c
preferred
participating
50c
—
(quar.);
Chemical
preferred
(quar.)——
Co. (quar.)
(increased)
——"
Gatineau Power- Co., common (quar.)
Ltd.,/' common- fquar.)—
9-15
-
37 %c
(quar.)
common
preferred
5% 7c
Garrett
-
10- 1
20c
-
Corp.
Co.,
&
Garlock
Douglas & Lomason (increased)Dover & Rockaway RRt (s-a)—
Dow
(J.)
convertible
4%.%.
■■■
*■
$1.50
;
9-14
9-30
!
75c
Foundation Co. of Canada,
Garfinckel
C
$4 preferred A (quar.)—
:;vvi $3^25 2nd preferred (quar.)
' Dow Drug Co., 7% preferred
9-20'
Pressed Steel
Fcstoria
of Kansas
preferred - (quar,) —
—i..~;
Paper; Ltd., common (s-a)
7%;
/
1
10-
$1.50'
Baking;, common (increased)
Columbia
25c
4%% convertible preferred (quar.)
9-14';
' 9-30
87y2C
(quar.)
Fuel 85 Iron
Colorado
50C
Donnacona
9-10;
9-10)
llr L
10- 1
10* 1'
(s-a)
Stone
&
$t
92%C
;h
9-30
$12 %C
(quar.)
Ltd
Francisco Sugar Co. (irreg.)—-—
9-24
9-10'
Fraser
Companies, Ltd.-..
—
10- 1
9-15
•1Extra
v.—
!—
—
ft-15
9«r 1
Froedtert Grain & Malting—
9-20 '
8-27
Common
(increased quar.)
9-30-1 " 9-1
Special
.
9-30
9-10
$2,20 preferred
(quar.)
9-30
9-10
Frontier Industries,
Inc, , (quar.)
10- 1
9-20
Fuller (Geo. A.) Company—
9*20.:
9-10
Gair (Robert)
Company, common (quar.) —
6%, preferred, (quar,)^—..^...!.-..—.......
67c preferred (quar.)
—
.
'
;.
.
Colohial
-
$5
—
77c preferred; (quar-.)
-^L^hh—
Dominion Tar & Chemical Co., Ltd. (quar.)
v
9-10
9-30
$1/
Plow Co.
(quar.)hlh^hi
/Dominion Dalrie^; Ltdi^
5%" non-cum. preferred (quar.)-.,——.
Dominion Foundry & Steel,
.-s-*
.Dominion. Glqss1 Co.,. Ltd., common,; (quar.).
9-17/.
$3.50s
Corp
Colg&te-Palmoltve-Peet Co.—
$3;5<r preferred, (quar.)
Colonial Ice Co., com. (quar.)
v
$& preferred B (quar.)
:
12 %c
9-21
9-20
Foster-Wheeler Corp.
9-15
9-16
9-21
r
.
$1
;
9-15
9-30
.
«
9-1 lC\
1
:V;
-
International
Cockshutt
9-16^
9-25
250*
preferred A, (quar,)
Coca-Cola
15c
25C
Ferry (s-a)
Light, 4% pfd. (quar.)
.'"$^ ',.,10-.,1;Dominion rTextile;
*
—
9*10/
:9-15>
10- 1
10-
$1.75
Counties Gas A Electric—
Coca-Cola
1:
*
50c
.
10*11); ' 9?24k>
50c*
(interim)*—
'■:-A7f 2nd preferred (quar.)
.
17%0:
-
—
Ciuet;t, Peabody & Co., common
77&J preferred (quar,) ..i
i
;
'
5
10- 5
12 %C
--
Hook & Eye.
Derby Oil Co.
9-30
200:
Corporation* (quar.)
;
10*; If
30c
—
(monthly)—
Industries
Clopiy
11-15
2-15-49
$1.12%
Go,—
Molybd&num
Clinton
1- 3
$3.50,
$1.75
$4/50 preferred? (quar.),
Climax
47«
1
$50c
Ice & Fuel; Go.
Coast
10-
2%%
Ltd.,
(quar.)
City of Paris Dry Godaa Co., common: (s-a)/• 7%.
1st preferrad (quar.)_
:—
7% 1st preferred (quar.)—i
Cleveland
Builders Supply
(irreg.) .
Cleveland Electrifr Illuminating r
City
10- 1
91'
&.Vz7c pfd. (s-a)
Knitlihg, Ltd.—
Si; par tic class; A
Cities
10-
$1
^hh
Kleiser
&
10-. 1
,
—
9-20
1
40c
common
preferred
67o
Foster
.
-
Bar
Circle
.•
(stock dividend)
9-10
Detroit Aluminum & Brass
—
9-20
Detroit-Michigan Stove—
5%
non-cum.
preferred (quar.)
...
9-15
Devoe & Raynolds, class A (quar.)
Class
B
(quar.)
'llh
.
.
9-17-7
Dewey & Almy Chemical Co. (quar.)
9-15
Diamond T Motor Car (quar.)__—
.; i;,, 7 Extra
' —
;
.
9-31
Disney (Walt) Productions—
8-28
6% convertible preferred (accum.)
9-10
Distillers Co.; Ltd.—
12-24
American deposit receipt (final) _1
11-101
District Theatres Corp. (quar.)
2-10
Dixie Cup Co., class A (quar.)__
9-10.
Doehier-Jarvis Corp. increased (quar.)
Uominguez. Oil ..Fields,' common-—^
1
9-15
9-10
1%; preferredv(qua^)
8
9-
9-30
10-
$1.75
pfd. (quar.)
Electric
4preferred (quar.)_.
Cincinnati & Suburban Bell Telephone—
.vt
Delta Electric Co. (quar.)
Dentists Supply (N. Y.)
7 % preferred (quar.)
9-10."
12-10
9-30
9-3
9-30
12 %c
1st pfd. (quar.)
(quar.)
^
(quar.)—
Co., class A pfd. (quar.)_
Dairies,
Foremost
if-- 9-15
9-30
Jersey
Power &
preferred
3.70%
De Long
9-30
87%c
(s-a)
_
Dejay. Stores Inc. (quar.)
•
Delaware
Fund, Inc.
(quar.)
Delaware & Hudson Co.
(quar.)
15c
$L25
-
9-15
1
125c
125c
37 %C
(quar.)
(quar.)__x._—
Oil Corp..
Rock
50c
$1.25,
Inc.
Records,
9-18
9*17
9-20
10-
____
St Gas, Ltd
Foreign Light & Power 67c
9* 7
12- 1
15c
common....:--^...
Foothills, Oil
1
25c
——
Corp
Steel
Follansbee
1
10-
25c
(increased).
Machinery Corp.,
Food
10-
$1
(quar.)_>
.
—
Mills of*America
Flour
'.
preferred (s-a).
(quar.)___
;—_J
common
class A—
Shoe Co.,
9-1&
1
Corp.
B
Class
9-18
1
10-
25c
(increased quar.)
(quar.)
preferred
Decca
Gas <Sr
Cinzano.
8%
-
9-25
30ft
hh-~
A
.
class
Ltd.,
Chemical Corp.
Dayton & Michigan RR. com.
8,
50c
.
Frere
&
Davison
10-8
11- 1
*
David
9-15; 7./•' Extra
.
$2
Corp.,
Telephone Corp..
Florsheim
11-12
9-10
10* 1.
$1;12%
(quar.)
preferred
10-
500
___
3
9-25
25c
(quar.)
5%
12-
$1
York
Florida, Power
Florida
9-17
1-1-49
75C
-
9-10
1
10-
$3
•*;;
,
9-10
9-25
5c
,
National Stores, Inc
First
-
:
9-25
-
-:S2-
Pennsylvania (quar.)^_,>__.
—
-----1
Finance Co. of.
Extra
First
9-15
9.-10.'
9-10
10- 1
$1.75
(increased)
common
Stores Corp.,
Davega
9-20<
9-30
Mills,
4%%' preferred
-
9-10
9^30
10-
45c
2%C
Sscurities, 77
Quarterly
Dan River
9-20
*25c-
(quar.)
$5.50 pfd.
10* 5.
9-27
10-1'
—i
■
\y;,.
11- a
\ 11-ia
10-20
75c
Corp.C—
/•
12-1.7
10-2
10- 2
12 %C
(accum.) __
Corp.' (irreg.)
»<:,% D. Wi m Cigar
10-
-iLi.——_;.r—-
Christiana
9-
•
16 %c
preferred (quar.)
Co. (quar.)^
Cincinnati
25c
•?
ill
i
'hi "hlh
Publishing Co., $4 prior pfd. (quar.)..
Curtis
■
25c
Chestfrville Mines, Ltd
Chicago Allertor.
Hotel (irreg,)——
Chicagp Mill & Lqmber Co. (quar*)
Extra.;
-1'—i-i
Chicago Pneumatic Tool, common
S3 'conv preferred (quar.)—
—
Chicago Rock Island & Pacific RR.—
5% preferred (quarj—I—
.
—
57c' preferred (quar.)
Chicago Towel Co,, common (quar.)—
77c.. preierred (quar,);
——
—
Chickasba Cotton Oil
(quar.)
Child;s Company,
ioc;
li.ll
10-15
'10-15
'
Extras
20c
r
(quar.).——-———-!
Inc.
Fundi
Fidelity.
.
Payable of Stec*
Share.
{■
y
-
9-17
1*2-49
f 15c
v
$1.12%.
,
Company
Name of
9-17
1:
10-
$1.25
..............
(-quar.)«.^>~
corp.
preferred
9-17>Curtiss-Wright
10- I
$1.12%
Cherry Rivet Co. (quar.)
i————
Chesapeake hs Ohio Ry., common—.——3%.%
11- 3
10t 1;
50c
$1.
$7"
(quar.)
(N. Y.)
i-..
9-lOf'i
'
l...v
(quar.)..
"
(quar.)
Champion Paper & Fibre $4.50 pfd. iquar.)
Chapman Valve: Mfg. Co. (quar.);
Chase; Candy Co.. 5% conv. pfd. A (quar.)
57o '- preferred "R (initial) ————Chatco" Steel Products,
Ltd., commonEank it Trust
common
"'Extra
Holders-
When
Payable of Rec.,
Share•
9-lT;^i^)unninghamu. Drug.. Stores—
'
:
11-30
20c
prior preference
Chemical
lo-
9-20
"■
Per
" ■"
'
;:
...
Atlantic Bugar,
:3':
—
Certain-teed Products
4%%
•
i
'*
v
-r > Kama of Company
' ~ I 5%-t preferred (quar.)
9-10.,.$ Cudahy Packing Co., ■ common
9-10T.;r;y.\'*;4,/2 % 1st preferred (quar.)
9-30;
.
••
Central
:
10-15
-40c
—
1
10-
$1.50
*''
)
.
9* 3^i
-
25ft; .V-; V 9-21Uv;. 9»*
30©*.
9^30;
•
.
Extra'"
Holders#
9-21
50c
Central Investment Corp* (quar.)i.——
■
Vfhtiti.'
■
Short,-:;PttyabU*of lieci
.....
Halter*
Wim
Per
Perv
Kkme of Cbmpany
9-2$
fV.
;•
* ! ;
.
Name
4K
$1.50
$1.25
—
12-28
'-J
preferred
tl
Power
Gulf
$6
Oil; Corp.
Hall
(W.
(quar.I--—.
preferred
(quar.)
Co.,
Printing Co. (quar.)—----—
Weil Cementing Co.—
;
•
F.)
1
Halliburton Oil
.,**
preferred (quar.)—---;
Bridge, Ltd. (quar.)I-————"
$4
Extfd
Manufacturing
Hamilton
Hammermill
; 4'A%
Fire
Hanover
Co.__
1n
Harnischfeger
Corp.,
preferred
5%
(quar.)——
(quar.)———
issue
2nd
& Co., 5%% pfd. (quar.)—r~-Harrlsburg Gas Co., 4%% preferred (quar.)
Harrisburg 8teel Corp. (increased quar.)—
Earris-Seybold Co., common—
——
30c
35c
Glass
Hein-Werner
Heinz
(H.
a.
(quar.)—
'——
& Co.—
(quar.)
preferred
4%/
-
01 %c
15c
—
———-—
(quar.)fcA-
•
$1.75
19" 1
10- 1
.*
10- 1
.10-1
-
- >
•
<
25c
.
50c■
Hindo & Dauche Paper, Ltd.—125c
Holland Furnace Co. (quar.)
■
50c
Extra
—————^
' '' 80c
Bollinger Consolidated Gold Mines, Ltd.— "* " *"
Quarterly
__
;
• 26c-
1
<
———
Homestnke Mining Co.Honolulu
Electrochemical,
Hoover
Company,
pfd.
(quar.)
common
—
.
9-20
Extra--;
—:
-——
r
Shoe Co., Ltd
Humphreys Mfg. Co., common
——
€ ^.vprcferred (quar.) —
——
Hurpn & Erie Mortgage Corp.- (quar.)—^
Huttig Sash & Door Co.—
'
8& preferred (quar,)
v
5% preferred (quar.)
1—iHuyler's $2 partic. 1st pfd. (s-a)
—,-L.
$1" cony. 2nd pfd. (s-a)—___2
'
Ideal Cement Co. (quar.)„__:.
$1
50c
40c
Illinois
Brick
Illinois
Co.
(resumed 1
Commercial
Common
,645.
preference
4%
preferred
Indiana
&
4Vb%
$1.18%
•
(s-a)
(quar.)
-
J
4V*
lfo.
preferred
preferred (quar.)
Inspiration Consolidated
'
Steamship
Co
Little Miami
9-10
International
Salt
Shoe
International
Silver
Co
50c
10-1
9-15
5%
9.30
9-20
9-
10- 1
9-15*
10-
9-15'
$1.20
(quar.)
Investors
Mutual, Inc.,—-4-——
Investors
Royalty Co.
;
15c '
(S-a.)
10-15
'
—
—
34c
-
9-29
2c
-
.i
9-30
f
"
lc
.
)
8-31
--
Water Supply—
(quar.
)r_____—_
^
f «<*> <
t
$1.25
,
'
,•
^1
9- 7
9-30
-
:>v9-15
9-14
15C
9-24
8-3 i
15c
10- 1
9-20
10-
1
9-1$
$75c
10-1
9-15
9-20
$1.15
+25c
1010-
1
10-
1
10-
1
20c
10-
1
9-23
1
9-10
10-1
4%
9-15
7%
preferred
10-23
7%
10-
1
9-15
9-15'
&
10- 1
12-10
3-10-49
Marathon
2-24
3-10-49
2-24
Mueller Brass
1
9-21
Mullins
Corp,
10-
1
10-
;
<L
.
6
9-10
Murphy
9-15
Extra
10-
1
1
9-15
9-30
9-11
1
Co.,
20c
10-1
(quar.)
_
10-
1-2-49
12-20
4-1-49
3-20
$1.05
6%
1
9-17
1
9-10
10-
1
9-10
Myers
9-30
9-15
1
10-
1
tS1.75
10-
1
8-27
t $1.75
10-
1
8-27
15C
10-
1
59%c
10-
1
9-15
9-30
9-16
59%c
4.80%
$1.75
(F. E.)
$1.25
10-11
30c
25c
10-
25c
$1.18%
9-23
10-15
9-30
National
Bellas
10-15
9-30
National
Biscuit
10-
9-10
Wide
10-15
com.
National
Cash
9-20
National
City
National
1-2-49
National
9-20
1-2-49
12-20
50C
.
9-30
9-20
$12Vic
412%C
9-30
Erie
9-30
12-12
11-23
75c
v
9-28
9-27
Co.
10-
15C
40c /
A
9- $
1
9-14
10-15
9-10*
9-10
10- 1
'
10-15
$1
10-
2c
non-cum,
2nd
5%
non-cum.
1st
9*30 (
1
9-»18;
10-20
9-30
■
preferred
preferred
Fire
National
Giass
National Grocers Co.,
Insurance
Co.,
$1.50
9-20
•
(quar.)
12-5
12-15
12-
10-
1
9rl5
12 Vic
10-
5
9-10
Ltd., corn, (quar.)
tl5c
(quar.)
10-1
,9r15
$37 Vic
National
50c
10-
1
9- 9
10-15
9-30
9-30
9-13
9^15
10- 1
,8-14
National Hosiery Mills, Ltd.—
10-15
10- I
25c
9- 9
$ 1.06%
10-15
$1.20
10-
1
10-
1
1
10-15
9-30
50c
10-15 i:
9-30
10-15
10-15
&
_
,
,
9-20
9-20
National
Pressure
9-20
National-Standard
20
20
$1
10-1"
•15
^10-:!/
18
; 9-3o
15
$1.06%
Hi
$1
/ $1.5<T
.
National
10-1
10-i
10-
1
25
25
10- 1
$150
$15*; 1-2-49
$15c .10- 1.
(ouarA—
Motor
40c
—.—
(quar.)__
Class
National
10- 1
—
common
(quar.)
(quar.)—.
National Linen Seryice. common (quar.)
4%%- preferred (quar.)
5% preferred
(quar.i
;
i,
9-20
»
■
Co.
National Lead Co.,
6%^ preferred B
9-14
10-
60c
$1.25
A
Class*A
-
1
10-
50c
Co.
Class
Gypsum
5
National
National
4%%
Bearing
Co.
Co.,
preferred
National Tea
Co.,
3.80%* preferred
common
(quar.)
/Corporation
•
9-15
(quar.) j
10-
50C
,.$37 Vic
b/
/
i
,
'j_
$1.12%
(quar.),/
(quac^^j/;.
9-1*
9-20
,
9-15
10- 1
9rl5
-
•
9-1T;
9-17
11-15
11-15C
47%*/
11-4
11-4
;
-
-
~
---1—111--7-.'. --
9-15
9-24
V'10- 1V
10- 1 /
r53%c'
/
1
10-15
_,50*'
25c
9-15
1
10.
9-15
1
10-
25c ;
1
10-
$1.25
(quar,)_____
—
National Union Fire- Insurance
Nehl
7
^iOfit
1
37 Vic
—
3
1
(guar.)
preferred
B-
■
10-
;,Vy
(quar.)
4%%
9-30
11-
;
-
12-
$1.50 ;
(quar.)
Car Corp., Ltd.
Sugar- 'Refining—
Supply
|
Q»,9
:
/ 9- 3
X
,150$1.12%
(quar.)
Steel
25c
.
(quar.)
Cooker
0
50c
commpr_
$1.50 preference
12-15
$2.50
(Hartford)
1
9-30
9ilO
10-30
;
35*
-
25*-
/
•?
9-15
10- 1
•
50c
(quar.);
9-15 ?
•V
9-24
$50c
(quar.)
pfd.
9-13
9-24
$44c
20c
]
9-10
12-18
12.28
(quar.)
com.
13%C
common
9-10
9-28
10-15
common
10-
•
41^ % pfd, (quar.)____
9-30
,V
$1.50
(quar.)
50c
(quar.)
.'N. Y.),:(quar.)___■
preferred (quar.)
9-20
9-15
Corp.
3%
9-10
1
10-
20c
84
9-10
9-30
410c
9-10
37 %c
(quar.)
Register
Lines,
9-10
9-30
9-15
9-20
35c
Ltd.
National
—
9-16
9-30
120
Welding (quar.)
Enameling & Stamping
National
25c
—
12-20
1
10-
9-15
2
9-30
25c
Electric
25c
;
1
10-
$1.50
(quar.)
75c
(irreg.)
10-
50c
Co.
Co.,
Breweries
preferred
12-20
9-15
9V15
25c
(quar.)
Hess
1
10-
1
9-16
1
t20c
(quar.)
Securities
1-2-49
25c
.
9
9-10
10-
9-30
25c
25c
...
—
/fi
9-24
9-
9-29
50c
;
& Bro.
Nation
National
—
:
9-23
Corp.
3iy4c
1
9-15
10-1
(quar.)
nreferred A
10-15
(reduced)
8-27
.
Nash-Kelvinator Corp.
7%
8-27
$20c
Nachman
1
9-15
10-
Chemical
10-
$1.06.
$75C
9-15
9-3
'
J75c
Company—
(quar.)
Ltd. (quar.)
$1.25
common
,>:»
(quar.)
8%
(quar.)
Mutual System, 6'e preferred
(quar.)
Mutual Telephone Co.
tHawaii)—
(Ky.)—
^
10-15
—
preferred
preferred
10-
12 Vic
4^8c
9-15
„
10-, t
;
$1.75
—
C.)
Paint,
25C
——
10-1
420c/
_______
preferred
$2.50
—
(interim)
(quar.)
preferred (quar.)_
Murray Corp. of America
4% preferred (quar.)
Muskegon
Piston
Ring
9-20
62 %c
quar.)
prefeuect (qugr.j
9-15
11-10
'
(G.
9-17
.
1
12-1
*25c
v
4%%
9-15
10-
62 %c
t
Mfg.
Murphy
9-10
1
62 %C
Corp. 7__
Marshall Field .& Co.
Marshall-Wells
Extra
9-17
10-
87 Vic
__
; v
9-15
9-30
t$l
J15c
(quar.)
;,(M.)! St Sons, (quar.)
10-
$1.62 %
common
Works
Co
10-
J.20c
Telephone Co.. Ltd._
117 Vic
I/-.;?'. T/o preferred (quar.) ——i.—'
Market Basket Inc., (Los Angeles)—
1
Common (quar.)
V 20c
$1; preferred A
(qua r.)
_1___
_„25c
Marsh
10- 1
87 %c
;
25c
50c
(irreg.)—.
Tefegraph
62yac
Motor Finance Corp., 5%
Motor Products Corp.
1
8-31
(quar.)
Inc.
11-24
Export Co., Ltd.—
5%
Drop
9-30
f
(s-a)_____
(quar.)
(quar.)'—.
Forging, common
40c
________________________
Corp.,
1
B
12-10
$2
_
(quar.)
(quar.)
—
Co
10-
A
60c
(quar.)
(quar.)—
Company
$$1.12%
(quar.)—
convertible preferred (quar.)
Paper Mills, 4%% preferred (quar.)
Morrison Cafeterias
Consolidated, Inc.—
7%
preferred (quar.)—
Sons
(increased
9-20
8-31
(quar.)_i
50c
1—
Sugar
preferred
Motorola,
9-. 4
1
1
4'% %
11-24
9-15
9-25
9-25:
10-
Morris
9-17
9-15
10-15
10-
(quar.i.—
Locomotive
400
Publications,
(H. R.)
preferred
Moore
9-30"
9-15
.
$25c
(quar.)
Telegraph Co. (quar.)
Moore Corp.; Ltd., common (quar.)
9-30
5
12/20
.
Montreal
9-30
,,
50c
common——
(quar.)
preferred
$4.20
i;
,v
t25c
America
10-
2
62%c
Ltd
MontanafDakotar Utilities,
,10-15
$1.10
(quar.)_
(M.)
Marlin-Rockwell
12-^ji-10
10-1
1
/
9-23
11-* r
____
-
,
20c
9-14
10-
20c
10-1
10-15
..
-9^15-
-
1
Equipment Co.—
10-
.
37 %c
Special
u
Mading Drug Stores/ common (quar.)
55c. preferred" (quar.) _;
—1—
Magor Car Corp; (quar.)
1
Maltine Co.; 4 Vg% { preferred
Maritime
9-16
J
-
I
30c
9-20
10-
r
$3.50 pfd,
Monsanto Chemical, $3.25 pfd A
25c
9-15
' 9-1.5
9-30
.
iquar.)
Knitting Co., Ltd.,
preferred"
?
9-20
9-30
10-15
(quar.)
of
B-20
9-30
56 %c
(quar.)
Co
Corp.
10- 2
15c
9-30
75c
fauar.)__
Electric
&
5%
9-20
2
25C
Monroe 'Chemical' Co,,
12 %c
common
preferred
(quar.)
Manufacturers Trust
8-15
(irreg.)•____^_»- - - -1 ©c • — 9-20
Manufacturing
"
* 1
' " v,'
-
'
9-15
175(1
Corp.
preferred
Mutual
(quar.)
B
-...
9-20
9-10
10-
,
20c
preferred
Brewery,
Monroe Auto
r
8-30
...
10-1
7%c
10-31 '
15c
(quar.)
Corp.
Rubber
t" 4%%
11-10
4
300-
(quar.)
Marchant Calculating Machine Co. (quar.)
—1
——
preferred
1
9-10*
10-1
S^lecltve Fund
Fireman.
Class
9-23
10-1
Quarterly: -r———30c
$5
9-20
1
9-22
10.-..1.
J20c
preferred
cum
/'.•Extra-
9-20
*
25c
——
Irving Trust Co, of N, Y.* (quar.)
Jamaica
1
9-13
5C%0
(quar.)
__L
Co.,
common
Molybdenum
Dock—
preferred
Manati
-
——;
.
Iron
10-
' -12-
>
$1.12%
(increased)
Macy .(R. H.)
9-15
10-18-
10-
'
-Molson's
rv
10-15
t20c
&
Gas
Class A
9-13
$1.50
Investment Co., of America (quar.)—
Investment Foundation; Ltd.— J
Extra
1
9-17
9-17
50C
2%c'
Petroleum
Mohawk
,
1
$1.75
—
>„•■■■**■*>*
preferred
Ltd.,
Co., common
preferred (quar.)
MacMillan
•
9
10-1
50c
——-
Interstate Telephone Co.—
$6 preferred (quar.)
10-
llr
18%C
Ltd
Theatres,
'
50c
9-17
10-
'
participating preferred
Participating (irreg.)
Participating (irreg.)
Mack
Trucks,
Inc.—
9-1
Corp., $4.80 pfd. (quar.)
Interstate Department Stores*(quar.)
Power; Cot (initial)
Investors
-
9-15
.9-1
25c
Interstate Bakeries
convertible
8-23
1
9-30
43%c
10-
10-
25c
Appliance
Monarch
$2
$1.75
425c
;
—
$1
_
9-10
(quar.)__
convertible
Montreal
$ 1.50
$1
1
7;
pfd. (quar.)—
Common
75e
4%
Interstate
9-20
9-30
-75c
•
preferred A (quar.)
towney (Walter M.l, Ltd. (quar.)
10-30
9-20
10-
$2
Extra
10-1,
37 %c
(P.)
MacFadden
10-
9-30
9-10
96 %c
-A 75b
—
4J/4%
9-15
t40c
10-10
10-1
—
Mills,
Taylor
Lowenstein
9-15
9-20
10-15
9-24
60C
:
Mohawk
9-30
(quar.)
Angeles Transit Lines
5%
'
$1.50
&
T/o
.
10-15
9-10
10-10
JVM
-'-t——
preferred
—__
?.$l
•;
7%c.
(quar.)
convertible
Louisville
'
35c
1
10-
$1.10
convertible
Common
T
9-17
J25c
—
preferred
9-15
12-31
9-30
(
37 %c
—T——_r v
5%
9- 3
' 10-1
9-17
8-12
9-15
9-10
Mississippi Glass Co., 4% nfd. (quar.).
Mississippi Power Co,, $4.60 pfd. (quar.)—_
Mitchell
(J. S.),:Ltd.
(quar.)
Modern Containers, Ltd., class A
(quar.)
Mojud Hosiery 5% preferred (quar.)
f-
1
50c
Mission
1
9-17
10-
50c
9-15
4%%
t.
10-i
10-15
prior preferred (quar.)
Mfg. Co. common (quar.)
Extra
A
9-13
Reclaiming Co.—
preferred
Miller-Wohl
9-13
9-30
10-
Miller
,
Co.
Cement
Coal
9-30
'
$1
;
3
9-30
/15c
common
9-15
25c
A
convertible
t75c
'
Products,
9-15
l
9-
non-cum
1
10-
1
...
1
10-
10-
30c
(quar.)
9-30
tlOc
9-20
15c
10f
1
97 %C
,
.10-
i
20c
37 %c
—.
5%
;
7^ pfd. (quar.)..
preferred (s-a)
6%
Star
Lorain
Los
30c
preferred
IT
10-
10c
10-15
(quar.)—
8-31
'
9-20
30c
$1.50
1
—
A
9-30
:
Co.,
Extra
Class
2%c
:
Inter-Ocean Securities,
Hosiery
Lord
—
International
(Marcus)
Lorillard
10- l
9-30
$1.75
;
II-
,
(quar.)—
Loew's
1
9-13
10-15
9-
20c
9-15
(quar.)
Aircraft
9-10
Educational
9-10
:
Insurance
Co.—
Chain
Inc.
9-10
$37VaC
37VaC
UVsQ
9-10
9-16
9-20
—
$175
(quar.)
(quar.)
Life
RR.
London
9-10
Lone
$3.60: preferred
International
Lockheed
Loew's,
9-30
Publishing Co.—
(accum.)
'
International Harvester Co., com. (quar.)—
International Milling Co., 4% pfd. (quar.)_
International Nickel Co. of Canada, Ltri.___
International Ocean Telegraph Co. (quar,)—
International Paper Co., common (quar.)—
$4 preferred (quar.)
International Products Corp. (quar.)
,
Steel
9-30
9-21
-
1
*
$$1.25
.■...Extra
"/ 9-10
9-28
10c
1
common
Original capital
O/iglnal capital
Special Guaranteed
9-13
9-30
9-28
75c
9-13
10- 1
(quar.).
10-
(quar.)——.
.
Lipton (Thomas J.), Inc., 6%
9-17
10-1
10- 1
9-10
Miller ft Hart, Inc.
Common
•
9-22
*25C
(quar.)i___
Cement: (increased)
National
t$1.06%
Powders, Ltd.—
6% participating preferred (quar.)
International Cellucotton Products (quar.)-
9-17
9-10
12-22
(quar,)—
convertible preferred
$1
'
10-
9-13
9-30
-
Brothers
4%%
1
10-
.
50c
Lion. Oil Co,, (quar.) —;
Lipe-Rollway Corp., class
9-21
•
10- 1
$1.25
Midwest Rubber
9-24
10-
9-29
—
preferred; (quar.)
Lily-Tulip Cup Corp.—
4Vz'/o preferred (initial quar,).
Lima-Hamilton
Corp.
(quar.)
9-17
International Bronze
3-22
12-28
>
University
10- f
preferred (quar.)
preferred (quar.)__
Midvalc
Company
12-22
$1.12%
T/o
Lincoln
"v
—
I-2-49
"
9-17
62 %c
Co.
—-w_:
conv.
9-10
1
60c
8%
9-21
4-1-49
10-
25c
$1.50
8-17
10- 1
50c
$2
3
1
10-
;
Midland' Steel
9-15
9-
9-15
87 %c
;
Machine
$2.40
11-10
1
9-30
$1
Locke
10- 1
•
9-30
$1.12%
Special Guaranteed (quar.)
Lock Joint Pipe Co., 8% preferred
$1
Copper Co
9-10
9-10
10-
37 %C
—
Ltd
Bros.,
;
Bjink Group Shares, class A_—
Inter-City Baking, Ltd. (quar.)———
1
11-20
25C
-9-15
10-
10-
35c
Michaels
1
10-15
10-
Corp.—
Michigan Associated Telephone Corp.—
6%
preferred (quar.)
Michigan Bumper Corp._____;
Mickelberry's Food Products com
9-10
10-
:
1 Oc
—
-
10-
51
—
15c
9-15
1
—
(quar.)
9-20
25c
8-31
1
10-
Co
Portland
—.J
Institutional Shares, Ltd.—
Interlake
Gas
5%
(quar.)
\'/o
10-
40c
8-17
t37VaC
(initial)
common
9-30
/ 25c
1_
9-20
10-
Corp., 7% pfd. (quar.)______
Building Co. (quar.)
Metropolitan Edison Co.. 3.90% pfd. (quar.)
Meyer-Blanke Co. (quar.)—
9-24
1
Extra
Extra
75c convertible preferred
Liggett & Myers Tobacco Co.—
"
.
10-
fl-17
9-20
10-
10-
Metropolitan
12-30
37%C
3.85%: preferred
9-15
9-20
.
'$1.25
$1.06%
Indianapolis Water
1
8% preferred A (quar.)
4%% preferred series B (quar.)
Industrial Acceptance Corp., Ltd.-—
$1.50
1
10-15
35c
Textile
1
1
$2.50
Lehigh & Wijkes-Barre Corp. ^quar,j___—^
Leicb. (Charles) Co.,^7%. preferred (quar,)_~
•
10- 1
37tec
-
Metal
99-
'i
Class
Liberty Loaiy Corp.,
9-15
9-30
'11- 1
- !
10- 1
10-15
(quar.)
Forming Corp.
(quar.)
Extension
Lewis
}
$1.25
common
Metal
9-30
10-
$1.06%
(quar.)
com.
preferred
9-17
9-30
1
$1
Inc., common (quar,)
(quar,)
Publishing Co. (quar.)___
Mergenthaler Linotype
$3.50
9-15
$1.25
10-
$1
(quar.)
Meredith
Mesta
30c
(quar.)
9-23
87c
Merck A Co,,
9-15
9-15
V 25c
9-14
9-17
iincreased quar.
3
.
9-23
9-30
(quar.)
Acceptance
3
France
Lehigh
>
9-20
12-20
10-15
10-15
9-30
(quar.)*-*^-*-«—.'■$1.03%:
preferred
Indianapolis Power & Light,
4%
preferred (quar.)_,
5 %
preferred (quar.)
New
tlOc
2%
$25c
—1
Merchants
9-17
1
9-30
5c
9-
10-
10-20
'
i 9-
$1.12%
9-15
10-
9-30
iquar.)
9-30
50c
Lees' (James) & Sons Co.—.
9-17
10- 1
Michigan Electric-*-
;
9-30
9-30
20c
$2.50 preferred (quar.).
u
,
4
10- I
30c
(Interim)
/
'•
pfd.
$4
Co.
&
Company
9-30
—
(quar.)
A
Johnson
Mengel
J50C
;,
Leath"& Company com.
(Madison
„
25c
,?%c
'
Wis.); $4.75 preferred (quar.)
Imperial Paper & Color Corp. (s-a)
Imperial Tobacco Co. of Canada, Ltd.—
9-15
Robbins,
1
$1
Extra
<
.
&
Class A
.
9-10
9-30
11- 1
25c
.2
Telephone
1
common
(quar.)
8-31
35c
"
9- L
9-10
.9-2Q
9-30
12-30
11- 1
11-- 1
.
10-
Mead
9-23
9-23
37%c
2nd preferred (quar.)
Labatt
(John), Ltd;t___
' 7'
/
,
1
1
35c
(quar.)
common
Mfg., 4%% preferred
preferred A (quar.)
La
9-8
,9-20
.
.
.
$1.25$1.2$
1010-
25c
7%
,
Humberstone
9-11
Industries, 4% preferred (quar.)
Lamaque; Gold Mines, LtdJi.—--,--—
Lambert Company (quar.)_
^Landers, Frary .& Clark (quar.)
Lang (John A.) & Sons; Ltd._
*9-17 ^
„„25c;.. JO-11 .; 9-27
• 50c ,
9-20*: c 9-10 >
;. 20c
9-20
- 9-10 $$1.25 V 10-11
9-15
30c ' • 9-30-'
9-18
\ $1.50
4 9r30
■ 9-1$
$$1,2$
10-' I « 9-15
(quar.)
preferred
4 V2 %
La
9- 8
-
Howell. Electric 'Motol*; Co.—:—.2.-2—-
Wo
Laclede
* 9- 3
9-20
9-30
,
9-30
;
$1.75
37 %C
$1.12%
conv. pfd.
(quar.)
$1.50 preferred
(quar.)
Kroger Company—
6%
1st
preferred
9-11
9-28
9-20
/
McQuay-Norris Manufacturing,
4%%
preferred (quar.)
9-15
$3.50
5%
Inc.,
Co.,
Kroehler
*
9-11
.9- 7 '
.
Inc.
■b
8-31
9-17
9-17
®"}f
,9-17;
$1.06,y<i
25c
25c.
$JUf2,
McKesson
9-15
preferred
preferred (quar.)«j
Corporation
Koppers
9- 1
>
McKee
1
_—i————
Oil,
>
$$1
cony, preferred
(quar.»_
(Arthur G.) & Co., cl. B fincreased)
A
(quar.)
Houdallle-Hershey Corp.—
\,"
"
*"
*
$2,25 convertible preferred" " (quar.) ——. •
-10-„1
Horner (F. W.), Ltd., class A (quar.)— —
fl2V2c
10-1
Hoskins Mfg. .Co.
i—
30c
9-25
Hotel"dibsori, 07o pi-efefred tduar^—. $1.5fl> ; 10- 1
Houston Natural Gas,-common——»—l-'-i- ; '
20c
9-30
5c/o preferred (quar.)^---_——~-—-j___'i
w02Vfec-9-30
(Harvey),
Knott
15- 1
'
25c
—
Extra
4 % % * preferred
Hubbell
5;v $1.50
-
.
—
Company,
$1.50
-
9-29
,
*
(quar.) J
$4.25
Kirsch
-
'
»
Co.,; Ltd.______——
Gas
Hooker
ft
;
——
Corp
Kingsbury Cotton
King-Seeley Corp.,
10-1
//./
$A
50c
(quar,)%———T—*7,7 50c
Hollingsworth & Whitney Co.—
$4 preferred; (quay.)
(D.,H.) Co,, Ltd
Holmes
^ ■
.
9-10
1
.
(quar.)
7
■
62V2C
9-15
$3.50
t87%c
(quar.)
preferred
7
9-
(quar.)
1
10-
(quar.)
2nd
9-
9-30
12%c
■
com.
1
10-
Co.—
preferred
9-30
(extra)
common
(quar.i
Corp.
10-
^
$1.25
(accum.)
convertible
preferred
1
9-10
$1.12%
;
Corporation,
$2.50
McCrory Stores
10-
25c
iquar.)
common
9-25
50c
Mfg.,
10-
$1.50
——
|v ^Kingsport Press, Inc.
9-14
10-19
9- 3
10- 1
10- 1
10-1 '
_,
9
1
"King-Seeley
9-21
9-20
9- 9
9-24
10-29
9-30
3
9-
10-
4%
-
25c
McCord
9-
McAleer
"
9-15
i3c
9- 3
37 %c
&
9-15"
S-25
$1.75
1
25C
Corp.,
10-
%■.
5
$1.75
——
.
9-15
Fund__^
common
9-30
1
(Walter)
2nd
Corp.,
10-
-
preferred
10-
(quar.)
10-
40c
___
10-
$7
9-15
9-15
if
9-25
common-—
—
9-20
10-
i
id- 1
30c
4%%
9-15
25c *10-1'
2oc
10-1
*'35C"' 9-25
;
11-15
10-
5% preferred (quar.)_!
McColl-Frontenac Oil, Ltd., 4% pfd. (quar.)
11-
20C
—.
Gas,
IT
$1.12%
!
50c
(irreg.)
9-10
10-
'
Investors
Chemical
preferred
9-29
12-
62 %c
10-18
Company
Kimberly-Clark
T/o
.75c
9-10
'
(quar.)—————
Kidde
Massachusetts
Mathieson
7
9-
9-29 V
31V4C
'
—
;
:_
preferred ; (quar.),
Co. (quar )
9-15
;
par)
9-10
-
$$1.25
(quar.l__
(50c par)
Oil
9-13
1
37%C
>
Mascot
9-29
5c
common
-
"v
'
15c
1
common
common
$4.50 pfd.
Extra
4% '/o
9-15
;
9-20
93 %c
.
.'Special
Keyes Fibre Co., $6 prior pfd. (quar.)
Keystone Pipe & Supply, 5% preferred (s-a)
Keystone Portland Cement Co.—
9-20
! 150
10-
10C-
Company, $4.50 preferred (quar.)_
Kennecott Copper Corp. (quar.)-————
®- *
9- 4
$1.50
1
9-28
50c
60c
Kendall
9-20
-
10-
-
Holders
Payable of Rec.
-
50c
iquar,)_j__
($1
When
,
Share
b 20c
Realization
Common
9-15
10- I
-
$1.75
'
/
Martin-Parry Corp.
Marven's, Ltd., 5% preferred
9-15
1
Wheel,
'. ■
3-20
v
9-30
_
$1
^
Motors
Corp.-^v—--—---—Hercules Powder. 'Co.————— —'—2—
Hibbard, Spencer, Bartletfc & Co.—
•'
r
Common
(monthly)
_——.———
Common (monthly)
-———————
Hinde is Dauch^Papar Co, 4quar.)
,
:
.
9-20
9-30
s
$1
.,
$1.37'/2
preferred (quar.)
—
Helme (Geo. W.) Co., common
—
s£- 7%' preferred (quar.)--——-——Henkel-Clauss, $6 preferred (quar.)_—;—
Hemisphere International Co.—
•
Quarterly
——
Hercules Cement Corp.
(quar.)—
—
Hercules
-
-
$1.50
preferred (quar.)^
class A (quar.)
Class
B
(quar.)—
Kelvinator Corp of Canada (increased quar.)
^
[5V2V0
,
30c
25c
45c
10-
$1.25
Kelling Nut Co., 6%
10- l
9-23
9-17
9- a
9-18
9-18
Company common
(Walter E.)
1,Common
|
10-15
10- l
10-1
9-Z4
10-1
10- 1
"
//',3.65%* preferred (quar.)
Heller
9-15
Corp.———
J.)
Electric,
&
Kelsey-Hayes
9-10
-
8-31
—
Quarterly
.
, .
^ 9-io
15c
" 75c
(quar.)
Co.
Sin
9-30
1
preferred
Maryland Dry Dock,
Drug Co.,
Kawneer
9-30
10-1
10-
Kaynee Company, common (quar.r
>■ 7%. preferred' quar.)
—
—
Kearney(James R.) Corp.
Kelley Island Lime & Transportation Co.—
10- 6
9-lo
,$1.25
(quar,)
——
Hartman Tobacco Co., common
(irreg.)—
$3 non-cum. preference
(quar.)—-——
xl'/4 %
6%
Mar-Tex
.
preferred
Katz
-
in
10-15
9-24-
$1-12%
preferred
Hazel-Atlas
i
-n
JKJ
\\JJf
Harris.(A.)
$5
Gas
Name of Company
$1.25
Laughlin Steel Corp.,
preferred A (quar.)
$5
9-17
9-15
$20c • 10- 1 ;
15c
10- 1
■
$1.-5 £$0* 1 -9-20 »<
'
—
common
n"i5.
}
10-20-
?; $1.50
preferred (quar.)_
Harding Carpets,
Ltd
8%
J"}J
10-1
9-30
30c
25c
iquar.)—
Winkie-Munning
Harbison-Walker Refractories
Hanson-Van
,8-31
Co.,
preferred (quar.)
$6 preferred
(quar.)
Kansas-Nebraska Natural
1ft
.
8-31
X1V4%
—•
,
&
5%
Kansas
9-20
,
12
———
iN. Y.)
Insurance
Tea
Jones
"-10
}2" }
fJ ?®/4
—
(quar.)
,A
nntf
^
(quar.)-
preferred
(quar.)—
T/o
Paper Co.—
preferred
4'%%
(quar.)——
Co.
•
n'Ji?
10* 1
9-30,v
8-31
1
_—-—----
Sulphur, common (quar.)
common (quar.)
3%% preferred (quar.)—
Johnson Oil Refining Co., common—.
Jewel
S }«
J
J25c
25c
M
9- 5
t
nV/ic
Hamilton
1
1
10-
.
Per
.
'b;l
Mar^l .Mills. Corp., common-—
10-
xl%%
Telephone Corp.—
Monday, September 20;>1948
'
8-31
10-
xt$1.75
—
(quar.)
(quar.)
Lake
Jefferson
-
10- 1
t25c
preferred A (quar.)
I 6'/c 1st pieferred (quar.)
Jeannette Glass Co., 7% preferred (quar.)—
Jefferson Electric Co.
(quar.)—,-——
;
When
Holders
Payable of Red.
,
Share
J
_————
(quar.)
A
E
C
D
CHRONICLE
Ltd.'
Co.,
5%
9-10
-10- 1
10c
-----1
Extra
5 7e
12-10
' 9-15
Quarterly ————————————______—————————
Haloid Company, common (increased quar.)
(quar.)'
Jamestown
9- 1
9-7
/
Q
—37%c ^ 9-20
$7 /ac
12-20
25c ' 10- 1
Quarterly
5rU
6-10
9-20
Service
preference
preference
preference
preference
1','c
3-10
^ 6-30-49 $1.50
10- I- •
7»c
10-1:;
25c
9-20
-
mefmed
Gulf
•
$1.25 3-30-49
—
-
7 cio
,. ,
12-10
,
f'i
Company
Public
Common
9-18
9-17
9-30
9-30
$1.25
preferred
$5
Name of
Jamaica
nreferred
£
;
:
(Balllmor*)^*!^^
Ohio
Mobile &
Gulf
Payable of Rec.
Share
>
(quar.)
preferred
6'/
,
/
Per
Holder $
When
Per
V:
•
•
of Company
Guilford'Realty Co.
FINANCIAL
&
COMMERCIAL
THE
,i!"
(1186)
50
9:27-*
:
8-
7"
/
Volume 168
THE" COMMERCIAL & FINANCIAL CHRONiCLE
Number 4735
(1187)
.
51
'
.
'
Per
Per-?*'When
Holders
When
Holders
Payable of Rec.
'
Share
Company
Name of
t
preferred
conv.
$1.50
(quav.)
9-16
1
9-30
9-10
50C
10- 1
40c
9-30
9-20
0- 1
9-P»
$1
Power & Light, 4% pfd. (quar.)
A St. Louis -RR.—
.4%
preferred
6%
New York State Electric & Gas Corp.—
3%%-
Trust
$-15
Nopco
9-17
Pratt, ft
9-15 y
Prentiss-Wabers
10-
1
9-30
9-30
:
.
5
8-30
9-25 /
1
9-25
'9-30
9-15
/
$1.50
9-30
9-22
18C
9-30
■
9v 3
9-
10-15
775c
10-15
6%
9-20
Servel,
(quar.)____
75c
10- 1
Quarterly
10-
4'/o%
pfd.
preference
4%
>
9-10
9-
1
Publication
Corp.,
Common
A
iquar.)
56'Ac;
10"
71 VaC
_
10)-15
3
North
Star
20C
,
com.
"4Vi'le
preferred
12-ie
Pure Oil
Northern
i Quarterly
Nova
1
9-15
t83/4C
10-
1
0-11
'
Ralston
3
f
Rayonier,
(accum.)
Ohio
9-10
9-10
9-17
(quar.) —
♦
Loan
Co.
(quar./
preferred
(iquar.)
7%
Electric
1
9-21
9-14
8-27
1
9-
9-24
9-24
9-30
9-10
1
Coast
9-15
10-
10- 1
25C
10-
1
1
9-15
725C
10-'
1
9-15
,V il-13
10-15
.
J
:
1
Reynolds
3.6%
1
9-24
9-10
7%
10-
1
9-15
10-
1
9-18
9-28
,9-15
10-15
9-30
10-
i'.'.'/ ,9T0
-
9-27
9-
10-15
109-
7
,
Philadelphia
._
50c
5c
1010-
">■•
1
v
.
9-15
-9-24
25c
2-15-49
50C
'.—
10-
tr¬
40C
io-
1
9-10
$1.25
10-
1
9-10
(quar.)
Common
6%
10-
1
9-
10-
1
9- 8
52c
10-
1
9-15
Ruberoid
$1
10-
1
9-15
Ruppert
$1.25
10-
1
9-15
Russell
40c
10-
1
9- 8
Russell
(quar.)
(quar.)
—___—
.
10
20c
Russell
37 'Ac
9-30
,10- 1
■
$1.50
10-
1
9-
1
$1.25
10-
1
9-
1
$1.12'A
10-
1
9-20
$1
10-
Products Co.—
(quar.)—
2nd preferred
Electric
Co.,
& Reading
(quar.)
common
30c
Coal St Iron
.
50C
62'Ac
(Hartfora)VJquar.)-___^^_
50c
,: W- T
Pitney-Bowes,
Pittsfreld
Coal
$4
preferred
Inc.,
Gas
4'A%
conv.
(quar.)!
pfd.
(quar.)
"To-ft
10-1
9-15
>V
53'Ac
$1
10-15
•
class
A
1
9-15
Standard Oil Co. of California
10-
1
$3
9-15
1
9-17
1
9-17
20c
preferred
——-
Starrett
9-10*
8teak-n-Shake,
9-10*
1
1
11-
1
10-
1
10-
10-
Participating
12-
1
1
j
9-15
Stern
$1.25
10-
1
9-15
15c
10-
1
30c
10-
(quar.)
Stev/art-Warner
Corp.
(quar.)
—
Stokely-Van Camp, Inc., common
—
&% ■ preferred (quar.)
Strawbridge ft Clothier, (5 pfd. (quar,)*—
Stromberg-CarlsoaCo.—t
'4% convertible preferred"(quar.)—
9-10
1
9-10
9-20
9-10
1
9-15
10-
9-30
12-31
9-15
42-1$
9-15
9-16
9-16
10-1
9-30
10- 1
10- I
9-24
20c
9-15
.•
,
(15c
1
4'A%
-
87'Ac
5%
,25c
1
Stern
9-15
10-1
$1.25
$1.25
.
10-
ti
10-10
9-29
——6c
10-
9-20
9-jlO
Textiles—
^
10- 1
10- 9
19- 1
56c
25c,
preferred
25c
25c
$1.25
10- 1
25c
9-30
,
10- 1
-10- 1
50c
9-17
.9-10
9-21
9-21 ■
-9-2(
..
10-
18 %c
(initial quar.)—
9-15
1
50c
10-15
10-
6
$1.75
10-15
10-
6
(increased).
1
9-25
75c
9-10
50c
10-
1
9-20
10-
1
9-20
717'Ac
9-30
9-10
7$1.75
—
common
i
9-30
9-10
10-
1
9-
10-
1
$$1.50
19-30
10-8
760c
10-30
10-
50c
9-30
.
12-15
$1.25
(quar.)_
8
8
9-15*
11-29
9- 3
Water Works, common
(quar.)_
(quar.)
—
——r
■10- L
V
30c-'
'/Extra-----;--—
Syndicate—
.
9-10
a
40c
100
;
TO- 1
9-18
TO- 1'
9-18
9-30
9-25
27'Ac
11-1
10-18
5»A%
preferred
A
(quar.)——
27'Ac
2-1-49
1-18
preferred
preferred
A
(quar.)
27'Ac
5-1-49
4-18
A
(quar.)_
27'Ac
8-1-49
7-13
Schwitaer-Cummins Co., 5'A%
pfd. A (quar.)
9-10
10-15
10-1
(James), Inc., common (quar.)____
- . 15c,y 10- 1,t,,,
9-15
4'A % preferred (quar.)^^***——< • 50WC:
'JO^.L yy 9--15
tamblyn* (6:), Ltd., commom.--u^*^-y-ir! y (25c
10- 1 - 9^10
•
.*;Extra>
^ ■'* (5c t •-10- 11; '.'0-10
Talcott
'
50c
25c
*26Ac
28%c
,
1.0- 1
$1.10
preferredKA* (quar.)—*_—**•»*_«
*—
Francisco Ry.—
preferred A. (quar.)
Paper, 4.40% preferred
Regis
r
10-1 yy 9-15
9-22
9-22
9-20
9- 1
9-..1
4'A% preferred B (quar.)
10- 1
9-1
Sunshine Mining Co. .(quar.)
——
"15c
-, 9-30.
9- 1
Super Electric Products Cotp. (initial)**.—
12'Ac
9-30
9- 1
Superior Steel Corp.
(quar.)—
25c
.10-1.
9-15
Swift St Company (quar.)
' 40c
10- 1
9- 1
Sylvania Electric Products, Inc., common—
35c
10- 1
9-20
$4 preferred
(quar.) __________$1
10,-, .1. 9-20
Sylvanite -Gold Mitles. Ltd.——'
(lVgc * 10-1
8-20
Tacony-Palmyra Bridge Co., com. (quar.)— <
<
$1
1 9-30
9-15
Class A (quar.)i__________—
—$1
9-30
9-15
5% priferred (quar.)
; . .$1.25 ; 11- 1
; 9-17
4'A%
0-15
(quar.)
9-14
•
.
Sunray Oil Corp., common (Increased qua?.)
9-16
$1.25
common
'
'62'Ac.
Corp.—
preferred •;(,quar,)--**-i.'i.---***;—****••
0-10
.
Sun Chemical Corp., common (reduced)
> 10c_ 10(4.50 preferred A (quar, )**_-*_****_.*-.**
$143 >10- l-"r
Sunbeam Corp.
(quar.)*—y 50c?9-30 ,
Sundstrand Machine Tool Co. (initial)
25c
9-20
9-20
9-30
20C
$1.25
Corp
Suburban .Propane. Gas
9-10
1
10-
$1.12'A
Studebaker
(-
.
^
$$1.07
5'A%
Inc. 4quar.)
9-15
9-21
9-17
10- 1
(31'Ac
(10c
75c
(quar.)_^
$1.25
9-16
9-18
Company
$1.25
9-16
9-23
S.)
■5% preferred
9-15
12-10
(L.
non-cum.
Lithograph—
(quar.)
5% preferred (quar.)
Stedman Bros., Ltd
Steel Products Engineering Co.
Sterling Drug, 3'/a% preferred (quar.)
Sterling, Inc. (stock dividend)
Sterling Motor Truck Co., Inc
1
(quar.)_—
Saguenay Power, Ltd., 4'A% pfd. (quar.) —
St. Joseph Light & Power, 5% pfd. A (quar.)
St. Lawrence Paper Mills, Ltd.— ■■
$6 1st preferred (initial)—
$2.40 2nd preferred (initial)
St. Louis Rocky Mountain & Pacific Cp
5'A%
9-15
Stecher-Traung
1
20c
0-24
10" 1
(s-a)—
Standard Radio, Ltd., class A——:
9-20
10-
50c
10-15
■Participating convertible preferred (s-a)..
9-13
9-20
.
*
93%c
—
1
11-
quar.)
Mining
Oil Co. (Ohio)—
preferred A (quar.)
,3%%
Standard Paving ft Materials, Ltd.—
1
10-
25c
9-10
8-13
11-10
(quar.)
9-20
Standard
4
1
Arabian
Indiana
1
$1.12'A
;
of
(quar.)
(Del.)
10-
710c
(quar.)
(quar.)
Co.
' 9-20
9-20
9-15
12-10
—
10-
•
29jjjc
common
Oil
(quar.)
Co.
10-1,
10-1.
25c
$1
50c
75c
'25c
(quar.)—
-
Milling
10-
750c
•__
9-
9-20
1
9-15,
1
9-30
1010-
762'AC
t
Sahgamo Electric Co.
participating" preferred
Standard
9-27
9-27
9-20
10- 1
10-
750c
(quar.)__
common
.
„
9-30
9-30
25c
common
Standard
1
Jose
10c
183Ac
Corp.,
9-20
Company
Louis San
&
9-15
1C-
5%
Fruit
1
10-
St.
(quar.)—
(quar.)
;
—!
Steamship Co., common—
Factors
preferred
9-30
10c
4
—
10-
10-
9-20
1
Standard
25c
r-4
rH O
Standord
9-10
-25c
Saudi
10-
9-24*
1
$1.25
-St.
i
1
(quar.)—
San
9-15
10-. 1
v
1
9-15
"
$1
(quar.)
v
1
9-
9-30
933Ac
'Mills,
9-
9-30
Philco Corp./ 3%: preferred (quar. )—*•_*_.
Pillsbury
9-20
1
25c
(quar.)_
Philadelphia"Suburban Transportation Co.—
;
5% 'preferred (quar.)—_—
!
Phoenix Insurance
9-15
9-30
87'Ac
(quar.)
"
0-15
i
10-
9-15
Corp.—
Inc.,
10-1
$2
>
,
*
50c
(Jacob) Co., 4'A% pfd. (quar.') —
Berg Fund, Inc
(F. C.)
Company, common (quar.)
Safeway Stores,
5%- preferred
9-10
"
:
__
>
10-
9-10
9-20
20c
(quar.)
Safety Car Heating & Lighting
9-10
"10- 1
A
9-24*
9-10
10- 2
$1.50
7% f preferred
9-20
25c
$1.12'A
9-20
8-30*
0-20
$1.37'A
preferred
Ltd.
(quar.)
10-20
10-15,
1
2 C <9-10
9-10
10- 2
,
$1.25
Industries,; Ltd.,
11-15
<
$1.25
10-
(quar.)
preferred
(30c
($1.50
.
25c
10-
25c
(quar.)
(initial
.
—
ft Refining—
preferred
5%
9- 3
1
.
*
-
$1.75
Royal Typewriter Co., common
7%
preferred (quar.)
9-21
10-15 "
$1.50
(quar.)—
Dairy
conv.
30c
$1.12'A
8
Inc.
Oil
—_
(quar.)^^"
Participating
5%
Bros..
(s-S)
r9"30 y 9-20
9-30
9-20
10- 1
0-15
*
.'1 \ 1
1
9-13
710c
Roosevelt
60c
62c
',
'
Railway Co,—*
$1.75
Roos
11-5
0- 8.
25c
9-20
10-
9-30
50c
5
11-15
9-23
50c
"
Southern Canada Power/common (quar.) *--;
6 %y participating preferred
(quar.) ___
Southern Pacific Co. (increased quar.)
75c
9
25c
9-16
9- .8
•
90c
9-
12-15
-9-28
$2
5% preferred
(quar.)
.
01.25
10- 1
9-15
Southwestern Life Insurance Co.
(quar.)
40c
10-15
10-13
Sovereign Investors —
10c
10-1
9-15
Springer Sturgeon Gold Mines, Ltd
(3c
10- 5
9-15
Springfield Fire ' ft Marine Insurance. Oo,—
<r ' »
•Quarterly
:
47'Ac ' 10- 1
9-15
Square D
25c
9-30
9-20
Squibb (E. R,) & Sons—
'w
•
i,
, v& •
;
$4"preferred series' A (quar!)$1,
T
, i0-(5
$4 preferred (quar.)
;iU' . " |1; ;. 'I1-| r, 10-15
Stahl-Mever, Inc.,, .prior preferred™—-.w$!',<•,'"10- .I| ." 9-20
Staley (A.' E.) Manufacturing Co.—
y
\
^ »tiV, ^
• ->
$2.75 preferred (quar,)„I..»«..-.«..»..
" 94c
,
9-20
9-.10
Standard-Coosa-Thatcher Co.
$1
10- 1
9-20
9
"
2-
1
1-
9-
6c.
preferred (quar.)
preferred A.(quar.)_.
>
5%
prior preferred (quar.).
Rome Cable Corp.,
common
4% converlbile preferred (quar.)
1-49
62 'Ac
9
9-
0-9
25c
1st
of
9-2#
9-30
12'Ac
Controls,
Telephone
10-1
10- 1
,
M ft O Stock Trust <s-a)__
Southwestern Gas ft Electric—
25c
5%
9-15
82'Ac
preferred
Rock
;
—
9-8
$1.50
Rock wood ft Company
9-10
10-
20c
1
1
1
.
preferred
Southern
_______
preferred A (quar.)
Ages Corp. (quar.)____
4'A%
partic,. original
9-24
1
9-20
0-1
0- 1
9-15
9-22
<68%c
:
10- 1
10-
9-30
10- 1
9-30
0-30
$1.38 . 10-rl
12'Ac ,-,10- 1*
30c
11-12
10-
9-30
'9-10
$1
62'Ac
12- 1
10- 1
>
9-30
'3l^d ^9^30!9^:5
-.4.32:%-preferred'(quarOX^^iX^iu-i)^_>Cr^7cy^H:-0-3O-(";;frS
5 #><
3*
9-l0
9-10
10- 1
10-15
15c
common-
—,
(-20 A;
9-16
•
10c
31'Ac
(quar.)
Rico Sugar,
10-15
11- 1
.
(quar.)
10-
(quar.)
Mills,
Co.
9-10
9-10
9-20
25c
ft Gas—
10- 1
62'Ac
Extra
Rochester
9-15
1
2'Ac
common———
V'$l div. preference common (quar.)
"Philadelphia
10-15
25C
(quar.)
Cotton
9-15
.
,
convertible preferred
Robinson
8
.
4%
ft Atlantic Telegraph Co.
Southern Calif prnUuEdison Co.—
i
IV if7*
715c
—
Mfg. Ltd.,
L.)
preferred
4%%
1
9-24
$1
—
*—
*
Philadelphia Co., $6 preferred
* $5
preferred (quar.)
$4 non-cum.
1
Raisin
(P.
Oil
Extra
$1.12'A
(quar.)
A
(quar.)_
Products
8-30
9-20
9rl5
(50c
110-30
(50c .".10-20
.10c 9-30
—
Corp.,
Southern
9-30
10-
.
^
Engineering-*;,.^-
40c
Works, 6%
Robertshaw-Fulton
r
9-10
9-23
Petfoleum 81 Trading Corp.—
1st
11-
:_i_i'.
Co.
;
Do.
740c
class
Paper Co
Riverside Silk Mills, Ltd.,
•
'_
—
$4.50
9-20
Company,,jcommon
$2.50
'
Paper
Water
Robertson
30C
common
Ritter
"River
64C
_
Pennsylvania Water & Power, com. (quar.) _
$5 preferred
(quar.)
Drug Stores, Inc. (quar.)
—
Peoples Gas Light & Coke (Increased quar.)
Perfect Circle Corp. (quar.)
Perfection' Stove Co. (quar.)
Pet 'Milk Co., common/(quar.)
:_
<
1
87'Ac
40c
-
—'
25C
5%.preferred. ,(quar.)
•9-15
A10- 1/
$1
-
9-18*.
10rl8
20c
Peoples
Philadelphia
10-
(R, J.) Tobacco Co.—
preferred
(quar.)_;
Metal
Rieke
.0-18
9-30
740c
"
preferred
.
-•
(quar.)
>
25c
Metals Co., common
convertible preferred iquar.)
Richmond
9-30
10-15
25C
$1.50
$1.50
Porto
'
Goods—
1st preferred (quar.)
2nd preferred (quar.)
7%
$1.25
(quar.)
South
8-30
25c
(quar.)
9-10
)
(
<quar.)
convertible preferred
Penn
Rice-Stix Dry
9-15
1
10-
22c
Co
5%
preferred (quar.)
'_
Pennsylvania Power & Light com
4->A% preferred (quar.)
Pennsylvania Telephone Corp.—
41/2%;./preferred
5'A%
8-27
B-27
10-15
50c
8c
Pennsylvania Glass Sand Corp. com.
3»A%
1
>0
9-15
'9-15
9-23
10- 8
10-1
9-24
11-15
9-24
10- 1
10-1
'($1.25
10c
50c
10%
$1.25'
,
$1.25
'8 %
preferred (quar.) _______
Southern Advance Bag & Paper (quar.)
10-
$1.25
1-
1
-
preferred
Welder
1
(quar.)
i-' $1 preferred (quar.)
$1 preferred (quar.)
Penney (J. C.) Co;niiany____
i''
9-10
♦1.183A
9-10
Rhinelander
(quar.)
V
10-1
.
9-20
10-
(quar.)
$2.10
$1.75
f t/.lExtra '■
_*__6% preferred A ,(quar.)
10-
10-
0-10
10- i
Co.
'
v
9-24
;
^
tl5c10-1
$15c/ 10- 1
preferred
5'A%
$1.25
35c
Iron
South Carolina Electric
10-15
Resistance
9-15
50c
Express
.
5c
pfd. (quar.)
common
(quar.)
.
$1.25 convertible preferred A (quar.)
Sorg -Paper Co., • 5'/«% pfd. (quar.)
South American Gold &dPlatinum_j_—
-4
9-1$
10-15
715c
(quar.)——
Common
10- 1
.
1
Reynolds
Transportation (quar.)
Telephone Co.—
•
*
■i Common
9-23
1
Reymer ft Bros, Inc.
Ltd.
Co.,
preferred
10-14
11-
9-8
*
5.%
9-15
11-
9- 7
(increased)
Inc.,
•
10-15
11-15
37'/2c
3
9-17
15c
1
(quar.)
(irreg.)___
Companies,
Parmelee
9-
1
10-
15C
9-20
*
Peninsular
1
10-1
preferred A quar.)__
preferred B (quar.)
Republic Petroleum (quar.)
Republic Steel Corp., common
9-15
r*''
(Howard) Paper Mills, Ltd.—
(increased quar.)
-
South
(quar.)
10-
Car
Chemical
10-
6%
9-20
1
$1.50
_____
4preferred (quar.) _____
Paramount Pictures, Inc. (quar.)
Park
9-15
6%
S-30
10-
Motors,. Inc.
9-30
9-30
'
10-1
11- 1
10-1
9-30
9-30
" 720c
t$1.75
725c
Ltd., com.
Corp
American
Sonotonc
Corp.,
Republic Investors Fund—
10-
7(1.75
(quar.)
Panhandle Eastern Pipe Line Co.—
1
4%
preferred (quar.)
—_—
Pantepec Oil Co., American shares (initial)
Paraffine
1
S0c'
Steel ft
•
O.)
(A.
Solvay
10-
(quar.)
Ltd.,
Canada,
__
preferred
Snyder Tool As
(111.)
Co.
Textiles,
Renfrew
Reo
Lighting Corp./$5 pfd. (quar.)
Tubes,
4%
12'AC
Rand, Inc* common
preferred (quar.)
/ (4.50
9-25
$1.25
Mfg.
7$1.25
Pacific
Motor
9-13
1
50c
pfd, (quar.)
Corp.
Co. of
Common
0- 8
10- 1
Remington
j
9-10 s
20c
____
Pacific Public Service (increased)
Pacific Telephone & Telegraph, com.
preferred
Smith
0-11*
11-
'
(initial)
725c
(quar.)
Ltd
Intermountain
/ 6%
10-1
9
•
convertible preferred
3'A%
9-15
$1
Stores
Reliance
.
9-30
$1.12'A
Indemnity
Cp.
Reliable
9-10
10-
$1.25
97'Ac
—___
Pacific
Page-Hersey
10-10
10- 1
Bit Cq.'.(increased)—
$1.60 non-cum.
9-10
10-
+
Pacific
Packard
Smith
11-30
Brothers, Ine:______——
''''iji-ili*-—
;
!
Extra
9-2
Id- 1 *'
,
(quar.)___
Sloes-Sheffield
Regent Knitting Mills, Ltd.—
0-10
,
1
$1.12'A
(quar.)
Aggregates
"*.'•
•
,9-8-
A
9-10
60c
(quar.)
common
(initial).
new
preferred
Reeves
'
8
$1.
r;,'
(quar.)
Fisheries
preferred
Pacific
Corp.,
5%
Reed Roller
►
:
9-21
,
■•■"
1
10-15
'
•iitd.rvtquar.)
1
9-29
10-
10-
,
A: (quar.)
!
10- 2
'•/.•• 40c
W%o
\
of America—
Breweries,
.5%
Inc.
Stores,
**
(increased}
9-10
93 %c
3%%• pfd.,. (quar.)
class
$50c
9-?0
15c
Hosiery Mills—
Owl
Reece
9-15
«
pacific-American Investors, Inc.—
y $1.50
7 %
-
(quar.)
,
9-15
9-15
9-15
9-17
9-10
9-10
9-18
9- 2.
: ':
1
71'Ac
com.
•
8-23
9-10
9-10
9-10
,/
9-22
(quar.)
Ltd
9-10
72c
prior preferred A- (quar.)
preferred (quar.)
.'
Red
•'
1
10-
$2
Ltd.—
pfd.
Railway,
American
Pacific
'
50c
—
Light Heat & Power com.—
preferred (quar.)
5%
participating
5%
fl-11;
10-1
$1.10
Ottawa
j
9-23
1
America—
ri.;iLL__—
Corp., 4 '/2 %
Otis Elevator Co. 6% pfd.
Falls
Ottawa
s
37'AC
Common
-
0-20
10-
V
.
—_
Products. Co.,
Oswego
1
$1
& Debenture
Steel
50c
.7
10-
10c
8-31
$2 preferred.-(quar.)
Inc.,
40c
(quar.i
(quar.)
Class
Reading Tube Corp.—
725C
,
Water .Service______i____
Ontario
Purina. Co.,
Gas
5%:, preferred
8'7'Ac
(quar.)
9-
10-
$2
.
Ontario
10- 1
10- 1
10- 1
preferred {quar.31'Ac
conv
Solar. • Aircraft
preferred
9- «7
9-30
40c
—
.
:—
"
9-30
10c
Raytheon Mfg, Co»,;$4.20 conv. pfd. (quar.)
Reading Company, 4% 2nd'pfd. (quar.)
125c
Inc., 4% ufd. A (quar.
8% preferred (quar.)
(quar.)
9-30
"
Quarterly
< 10c
* 50c
$1.12'A
10-10
10- 1
10- 1
9-29
9
Silverwood- Western
$1.50
•43A % '5 preferredv A
Power, -Ltd.—
of
9-30
Malting Co. (quar.)
Silverwood Dairies, Ltd., class B (irreg.) _*_!
9-15
9-23
Radio-Keith-Orpheum
Portland Cement—
Co.
10- 1
10-1
15c
(irreg.)
preferred
Blck's
$1.76
9-14 ;
10-
-35c
——
Corp.,
1
9-23
—
9-10
10-
$1.65
Edison
Omnibus
7%
10-1
Ltd. '(initial)
Mines,
1st
cony:
&
Sherwin-Williams
10- I
$3
9-20
03%C s
-
Olin Industries,
9-
Manitou
$3.50
Real Silk
Co., common
:
preferred
(quar.)—':
—
Oh jo Finance Co., common
4'/2%
preferred (quar.)—
—
'5% prior preferred (quar.)_„___—
Ohio Public Service Co., 3.90%, pld. (quar.)
.*
9-
$1.25
9-20
f,
$1.50
(qfcar.l
01d Line Life Insurance
(1.25
$1.13
9-
,
25c
9-30
'
j25c
<
,
•>4.40%
Ghlo
9-23
„
50C
9-25
22'AC
40c
;
9-20
30c
:_1—
(quar.)__—
Mills, Ltd* common
Co., class A
10-10
Dairies, Ltd.—
(quar.)
Simplicity Pattern Co. ,(quar.).______—__*_Sinclair Oil £orp. j (quir.)
Skelly Oil COi (stock dividend)
—■
Skenandoa Rayon, 5%
prior pfd. (quar.)
5%. preferred A (quar.)£y_______i.__.^__
:.;;;0%,+preferred>/(4'^ri^--^_---i--^-—__*_*
10-
Flour
Ogllvle
9-30
50c
—__
Co.,; common, (irreg.)
50c
;
Ohio .Brass
Class B
9-1
Radio Corp. of America*—
9-20 /
Oil
Sheraton Corp.
0-20
9-30
$1.75
(quar.)
Oats
Quaker
12-18"
6
35C
(quar.)
Quebec
pfd. (quar.)
12-10
.____
2'A%
5% ^preferred
Products
(quar.)'
(s-a)____——
Scotia' Light &
9-
10-1
Sugan.Corp^-i—
9-24
Norwich <k Worcester RR. 8%
12-31
45c
65c
10c
*31 Vic
25c
(quar.)_
Shellmar.Products.Corp.,
4%% preferred ; (quar.)
9-13
40c
______
8-3$-
Leather
States
10- 5
Inc.—'
9-31
"preferred (quar.)
Northland Greyhound Lines—
: 33A%
preferred (quar.)
Northwestern Bell Telephone..
Northwestern
9-14
Y.)—
(initial)
(quar.)__
9-20
6%
Northwestern-
" 9-20
(2.50
.
(1.25
(quar.)—
10-15
—
common
9-18
r 40c
Manufacturing Corp.—
"""'V:
V-'""'
y 5%'1st preferred (quar.)$1.25 V 10- 1 /
50C
voting
com.
15c
Paper Mills,
9-18'
1
Sick's Seattle Brewing &
Co.,
Purolator
9-20
1
10-
$1.50
$1.37'A
—
(quar.)
Gas Co.__.
Natural
Shares, Inc.
,4% preferred series A
Sheep Creek Gold Mines.
10-15
$1.25
(stock ^dividend)
vp ;EXtra"r—.
Punta Alegre,
••••
Northern Indiana Public Service, eommon~_~
Northern
1
10-
(F. G.) Company (reduced quar.)
Shawinigan Water & Power Co.
,
10- 1
$1 ;
,
$1
(quar.)
7% preferred
Oil,-Ltd.,
9-9
10-
.
(initial)
common
preferred
Industries,
Common
10- 4
12-23
9
Oklahoma—
non-voting
12-23
20C
Co.
Gas
Shore
North
10- 1
15c
(quar.)
Sheller
-
;
(accum.)
(accum.)
83%c
$ 1.12V2
(quar.)__
com.'
.(quar.)
Co.
(increased)
common
preferred
Shamrock
9-17
9-15
Puget Sound Pulp & Timber—
New
common
(initial quar.)
Corp.—
preferred
10-18
Shattuck
9-20
preferred v(quar.)
11- 1
American Refractories
11-12
1
5%
A
American
Inc.,
$4.50
50C
Electric ft Gas,
Public Service Co. of
9-13
1
1
10-
;
div.
$1.40
$-47
a
9-29
10-
20c
(quar.)
9-27
Pyblicker
preferred-,
preferred
5'A %
preferred
<v
Selected
9-20
10- 1
m
'
•
7
10- 1
pfd.
Refrigerator
Seiberling Rubber Co.—) *.>
5%
class
A preferred
(quar.)___
4'A% prior preferred (quar.)
Seismograph 3ervice Corp. (quar.)___
7
30c
..
North American Investment Corp.—
North
9-
45c
1__
Inc..
Products
Washington
7% .original
80c prior preferred
80c prior
9-30
'
Line,
Seeger
9-15
1
t$1.50
(quar.)
Car Co.,
Public Service
87%C
.
10-
$2.50
will; be; paid 1» >the. amount 0f
for each l/80th share of Pacific
& E. held—
American Finance
G.
10-
$1
■
*:
5%
-
31 y4c
"
Subject to the approval of the SEC. In
lieu of fractional shares of Pacific G. &
North
/
10- 1
-
1
11-
preferred
Seaboard Finance, com!
(increased quar,)__
$2.60 convertible preferred (quar.);
Securities Acceptance Corp., common.-
3*
10- 1
Air
9-14
12-
85c
(quar.)________
preferred A
Seaboard
•
10- 1
-i: 01'Ac
preferred
(quar.)
Co., $3.40 pfd.
(quar.).
Scudder Stevens & Clark Iric,__^
10c
j
,
Public National Bank ft Trust Co; (N.
E.:. cash
433Ac
9-
'9-27
Insurance.
Providence
•0-21
each 80 shares held.
on
9-15;
Providence & Worcester RR.—_I_—
9,-15
9-30
.
Electric common
9-10 •*
1
50c
East
9-13
40c
30c
;.5oc
preferred (quar.)
50c
Norjth. American Aviation (resumedl—
25C
North American Co.
(cash dividend)
Stock
dividend
(partial
liquidating dis¬
tribution)
One share of Pacific Gas &
'
9-20
Corp.—
Car
1
10-
Payable of Rec.
50c
; ••••
Holders
When
»
share
*•
r
1
common
Paper
$4.50
;
-Prospect
9-20
40C
,
-
Chemical Co,, common—*^.Mining, Ltd.
(increased)
American
10-
15c
Domp. Mines, Ltd.__„„l'_Jl!.l'
HilL Apartments,.lhc..-m
Preferred
(accuin.) ,:;
____■
Prosperity if Co.,
5 % n preferred: (quar.)
:9-;r •
10-: 1
.10-'l'
Steel
Preston
9-17
10-' 1 •/
30c
Lambert,
Pressed
9-15
10-1
$40c
convertible
$2
250
/
'
(quar.)
common
partic. preferred
non-cum.
1
1
93%C
Normetal
North
6%
9-10
1
101010-
$1.06 V*
—
(quar.).
Corp.
Power
preferred
$1
Industries
Electric
1st
50c
20c
Noma
9-10
3.60%
preferred
(quar.)l
Power' Corp. of Canada-r-
933/4C
Newport Electric Corp.,-33A% pfd. (quar.)_
Newport Industries Inc., 4'A% pfd. (quar.)
Niagara" Wire Weaving CO., Ltd.——,——
Nicholson1 File Co.; (quar.)_—________r-._*
Noblitt-Sparks
9-10
Per
.
Company
(J. J.)
Newberry
,
(quar.)
Co.
(quar.
preierrea
Yo)-k
New
9-25
6%
Electric
Co.,
Electric Co., 3.35%
Scruggs-Vandervoort-Bamey,
i
5
22'Ac
Potomac
70c
-
Soott
10-
v
62'/2c
0-15
Mining Co.—
—
/
-preferred (quar.)
Transit, 5% pfd. "(quar.)___
10- 1
(accum.)—:
A
Increased
•
9-15
10-
$1.75
v
(3
Honduras Ro.sario
York A.
New
10-1
Mlg.
Scranton
,
Portland Woolen:Mills, 6 %' preferred (quar.)'
Porter (H. K.) Co,, #5% preferred iquar.)
9-7
10-1
Name of Company
$3.65
$1.50
*
.(quar.)
non-cum.
.
Portland
9-15
$1.75
Sulphite ft Paper "Co.—
.Common
,
.
1
10-
$1.50
-
Mills
Port Huron
.
—- —
:
—
&
Chicago Ry.—
(quar.)., _______""
Common
Ponemah
9-30
Mew Xork Chicago
;
—,,—______
(s-a)
Wayne
Pittsburgh Plate Glass Co.l___/_;__r_:_^-_*
Plough, Inc.. (quar.)__u_______y__._______^_
Plymouth "Oil "Co.C—-——"—----.!—'
10-1
,/r*
Scovill
75c
;7% / preferred ;(quar.)'
•
$1.25
(quar.)_
•
,
22'Ac
Hampshire Fire Insurance Co.
Light (quar.i
New Jersey
9-20
10-
$1 50
(quar.)_l
preferred
conv.
9-30
1
10-1
$1.12'A
New Haven Gas
(s-a)
preferred!
Pittsburgh Fort
9-30
9
10-15
25C
England Power Co., 6% pfd. (quar
New England Telephone & Telegraph
New Haven Clock &" Watch Co.-—
4'A%
10-
10-
tl2c
New
New
Common
9-17
:
6%
■
4'A%
9-30
25c
Share
Pittsburgh Bessemer & Lake Erie RR.—:
9-17-
9-30
25c
(quar )____..—
Special '■ i_lr__—
l&ewark Telephone Co. (Ohio)—
v -6% j
{.referred * quar.
New Brunswick Telephone Co., Ltd. (quar.)_
New England Electric System (quar.)_
New England Gas & Electric Association—
'
Name bf Company
Payable of Rec.
.
Nefcoosa-Edwards Paper
*'
\
;
:
(50q).
25c
Technicolor, Inc. —
.r——-—25c
Teck-Hughcs Gold Mines, Ltd. (Interim) ***
(5c
Telluride Power, 7%
preferred (quar.) __—
$1.75
4 % preferred
(quar.)
Taylor Instrument (pps. (quar.)
:*
—
*
--
;
10?>ti
.10-1.
10- 8
10-1
10-1
;r.
. .
9-10
9^15
9-20
8-12
9-15
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
Mondays September 20, >1948
.
1
11.
-
A
;
"-J-v
Holders
'
Name
o/ Company
Per
/
Payable of Rec.
Share
When
fiolderrc; >7 Tobacco & Allied
Stocks, Inc.
'Payable of RecS '
Share.
«'■ •f* Six Months
Dividend
'
Temple
Coal
Co.,
Corp.
Tennessee
Gas
Tennessee
■;
\:
*.
$6
pfd.
conv.
(accum.)__
_;i_
25c
—.Aa-
"
<
'
'30c
9-25// 9-11
10-1
Co., common.
■" 35c
J.—' 33%%'
-
4
9-22 .'.'.' 9- 2
r'
Transmission
Stock dividend
&
9-10
11-12
.-
Wagaer Electric Corpt (quar.) ..
Waialua Agricultural Co. (incrcased)i-_A—
Waldorf System, Inc.- (quar;) a
Walker & Co, class; A 4qua*:
«10-20
'preferred:>$I.02%;V;T0^I//*;'9-10:;::
4.25%
preferred
(quar.)
$1.06%
—.__.i___——
Products & Chemical Corp.-— (quar.)
1
-.Company ••(qua*<;)>.A:Ai^iiE:i~.ii-~~
Textron, Inc./ .common (quar.)--Tennessee
?%%:] >
;$1.25 eon v. pfd, (quar.)
Thomaston Cotton Mills,
1
Common
Common
31 Vic
,
common
_50c-
*
——
10- 1 f/9-1#
■
;
___
•'■•Thrift
Timken
Detroit
Axle
Co.—a—
50c
Tip Top Canners, Ltd., class A
Tip Top Tailors, Ltd.Aii—-—_aa_a_a__—
Tishman
Realty & Construction
(quar.)__
Tobin Packing Co., Inc., common (quar.) __
7%
preferred
Toronto
(quar.)
L--L
10-1//
15c
1
10- 1
10- 1
Il5c
tl5c
10- 1
10- 1
10- 3
? 110c
10- 4
Power
Co.,
Common
9- 9
35c
10- T
10- 1
West
Earnings
15c* >
9-20 :
.
9-10
.
f-30
80c
9-20
35C
I6-T
9-20
9-30
$1.75
'
:
9-30
9-17 7
11-15
19-19-
$1.75
11-15
16-19
a
0-15
*
45c
0-30
10-157
10-15
0-15
V.
167,
9-20 i
10-
f
9-20
1
company
of
$5,000,000
it
10-
1
9-15 "
are
10-
1
9-15
New
25C
Finance
.Class
A
Class
B
Corp.;. Ltd.—•/•/; '*////''■./•••
A-/
__4
4%%
Products
$1.25
#%%
'
preferred
'
_a___-_a~—--—
31%c
Co.
Y.)
(quar.)
Grocers,
7.%
/
10-15
1
,
1.
9-15
10-
1
9-20
10-15
9-15
preferred
Western
10-5
(quar.)
Pacific
*
Stores (quar.)i_
Ltd., clas3 A (quar.)_.
RR.
40c
150C
135c
___.
10-15
to
be
is
Inviting sealed,
first
presented
York
5,.
mortgage
to
New
the
York,
written
bonds,
-
11:30
bids
the
for
series
at
company
before'
9-24
Common
(quar.)
7#e
11-15
11- I
9-15
Common
(quar.)
75c
2-15-40
2- 1
23o
11-1#
11-10
6%
'
9- 3
"
*
50c
9-25
J
-
37%cj
J 9-25
62%c
t
10- 1
$1
9- 3
_;—
due
*
Rcom
50c
com.__
*
bids
1600,
70
on
Pine
(quar.) __aaa—.aaa___a_._
'
$1.25
10-
Asbestos
Rubber
&
Weston
Co.—
Quarterly (increased)
Union-Carbides & Carbon—a-aaaaaaaaaa.,—
25C
•
Union
Investment
Uhlon
•:
$6
Union
Pacific
RR., new common (initial)
preferred
(Initial
s-a)——
4%
Union
Sulphur
Union
Wheeler
9-20
50c conv. preferred
(quar.).—
Wheeling & Lake Erie Ry., common
Extra _•—
i—a
9-22 */
;
9-104'
:
'?
8
7
9-
-
10- 1
10-
,
75c '*
9-10
"-9-104
10- 1
$1
.
•
9-22
'
•' $1.25
_a_
Co._A———aaaaaaa—_aa4a_4
Funds, Inc.—
Bond/ Fund ? A
aaaaaA-aaa-'.--—
Union
9- 3
10-1
25c
$1.50?
-
Trusteed
'
10- 1
10c
.———a——
Mfg. Co.; commonAAAAA aaaa_.;_
preferred
(quar.) a__aaa_aa___aaaaaa_
v
2
Bond-Fund-
4 - 18c ;i 9-20 J9-10
Br—Laa-a—a-_J/a1-.a«'' -'166; «• 9-20'»/ 9-10
Bond
C—a_——__aa———
Union
Preferred Stock Fund
21c
9-20
Common Stock Fund-—aa—aa'aaa—11c
44 9-20
Drill Co, (quar.) a_--a1.a—L-.a—
' 50c 4
9-29
Union
Uhion
Fund
United
Corp.
Fruit Co.
(Del.), $3 pfd. (quar.)
(quar.)a.aa-aaa—-54aaa-^
United
Fuel
6%
class
United
■
A
Gas
United'
•
:-j'-"$l?/
aa—_aa--w4aa—a—._
Investments, Ltd.—
: » ' •
,
•
Income
United
9-10
Fund
a—
Light & Railways Co. (Del.)—
preferred (monthly):—
United
'
9-10
6%
6%
Steel
class
United
S.
Stove
Fidelity
7%
Foil
Class
B
—a
7%, preferred
U. S.
&
$4.50
6.
U.
8.
preferred
preferred
Guarantee,
Gypsum
Extra
■
,
Foreign Securities
1st
2nd
$6
—
U.
S;
&
9-21
9-30
1
9-15
10-
1
$1.25;
1-3-49
12-20
50c
10-
1
60c ;
10-
1 '
25c
10-11
V
Extra
U.S.
Plywood Corp.,
3%% preferred A
S.
Printing
&
common
(quar.)_______
(quar.)_A—________
Lithograph:-
orcferred
- ---
93%c
"
-
(auar.)__;
Extra
—'
Universal
8%'
Upressit Metal, 8%
60c
class
utj»b
Sugar
commonA
preferred
Co.
(accum.)
Uttefv.Knitting Company—r-/
f %■. prior "preferred '■ (quar.)
prior preferred
(quar.)
UtiUty Appliance Corp.-Van
preferrea
de
aa—
-
f
/
^
f
Ltd.,
5%;
Chemical
'3%%
a____:aA_
(quar.) —a/-a_a_a______a_a
Works, common (quar.)
(quar.)
preferred
Commoni /(s-a)
5%; preferred (s-a)__
$$1.25
_i '■
Virginia
Electric
&
preferred
$2.80!
$2.50
Virginian
;6%
6f
6%
Railway,
preferred
preferred
preferred
common
I
'
30c
(quar.)__
1
''
62%c
9-
.7'
per
•Alter
:s-
9-
8
9-15
.
4
'
(
•
10-15
2-1-49fT •?'
25<j;
1
9-10
10-12
9-27
10-
9-15
1
see
•>)!:'
•.' <
(& Subs.>—Earnings—
1948
1947
1946
1,544,779
'
.1,288,033
? 1.060,970
$8,074,064
$5,310,884
$2,779,489
{
'
957,073
outstanding
474,027
985,107
285,142
"7 492,122
$0.97
$0.96
10-
492,122
the
tax.
$0.57
taxes.
G.
Hemphill,
has
Chicago,
ILL,
resident
partner
of
Goldman,
been
voting-controlled
subs,
Corp.—Earnings—
with
Weeks
the
exception
Ended—
of foreign
rentals
and
June 26,'48
theatre
June 28,'47
$82,660,467 $89,631,283
427,493
465,026
receipts
Dividends
•
Rents
Non¬
source.
c
subsidiaries, not wholly-owned t
Film
at
income
9-17
1
share
of
(Inch
from
tenants
&
other
income
Total
i
7,128,343
6,000,561
$90,216,305
:
Amortization
tax.
of
Contributions
Interest
Prov.
&
of
film
to
bond
$96,096,871
costs:
employees*
disc. &
reserve
for
Fed.
taxes
Prov/ for
26.026,229
3,321,972
25,753,837
2,762,871
44,172,178
48,463,541
:
&
adm.
exps.
1,341,240
retire,
foreign
1,697,010
433,491
7.
assets———
360,935
1,100,000
income.—
011
1,236,914;
1,354,000
plans
expenses
4,900,000
>6,2oojoa5
7,567,192
Port,
-
,
iS:12 /
.
of
o.is
19-
ti
10*
1/
'
10-
1:
'
'
net
profit
?> June 26,'487
$56,835,000
contingencies
June 28,'47
$62,088,000
4,805.000
1.000.000
*3,805,000
—V.
the
abov3
on
$2.67
s—
figures through
!> '
;
i
9,621,76.0
J.219,981
Inc., and the Lonsdale Co.
Feb. 28 and June 26. 1943,.
7 '
.
Net
'7
■
-
,
.
Sept.
13
announced
that
v
programs
<>
"the
realization
of
under
now
company
its
basic
will
way
in
have
its. 2S
taken
objective.—V.
existing plants,"
further
a
168,
step
Mr.
Little
toward
the
194.'
p.
Net
.
profit ifter deprec., taxes and
'aH; other charge6_?.LA_i!LA—.u.*!
■7 ;
I7
"
.
i
Capital shares outstanding-Earnings per share__;______l!__"_lA-"
'Loss.' (?..•'? ?- 7;v
NOTE—No
result from
effect
loss
for
*■
1947-;;:/
>
>>■'.
2,421,380
'v?4V. Nil
/■
;r?
•V/7\7>v"*
h^.s been
the
given to tax :credits :in 1946^ which would '
period.—V. 168, p. 552.
.
»
k >
,
-I
$991,541.
2,421.380
$3.04
i*:
1947
absorbed
in
26
$2.91
weeks
ended
production
1948 "
and
'_
—
from
_:
1947
$2.15e,G17
royalties—;
general/admin,
expense
for
'
>
1. 1946
'"
(less
!
$1,204,797
72,624
13,653
$2,578,425
*.1,125,212
$1,213,450
etc.-
inc.)--
contingencies"————
940,185
"
"
*
,1.005
7'»- 750,008
3,624
.
Cr24,059 ;?
513,000568,000" >
"50,0001
"
50,000
190,000/?
■
■
profit
Dividends,
Common
Earnings
*' '
^
^1—
369,552
shares
outstanding———
per common share———
tGNSGLIDATED
:
$735,760
-—_a^___^_a_—
'.
739^27
:
$831,389
> $1.00"
369.204
..
$302,501
'
^>739,003:•$;739,002
•
.$1.13
BALANCE SHEgT, 'JUNE 30, T948
$0.41
..
1'
accounts, receivable-(less reserve of $123,accounts), $2,161,952;. inventories, $1,643,020; other
assets festimated renegotiation rebates), $9,537;
buildings, machinery
and equipmeHfr (after reserves for
depreciation of $595,327)/$1,580,225;
land, $.159,542; intangible Assets (patents, patent application, research
for
doubtful
and
development, less $157,529 amort'zation), $49,472; deferred charges
(prepaid insurance and taxes), S44.36G; total,
$7,933,209// <— 5
d; /
LIABILITIES—Bank
$140,000;/accounts
July
15,- 1948;
loan
(instalments
payablef •(trade),
$184,779;
accrued
j
5,305,383 ;
$2,505,801
33,333
exps.,
mis?:,
;
$5,510,135
$2,23a,950
Prov.; for. Ffid- income " taxes (cst.*)_
-Net
.
costs.
Subs.)—Earnings—
returns
."-—A—"
Provision
during
$11,913,053 $11,727,165
sold——" 9,756,436 V! 9,221,364
profit
income
$8,401,778
$2.37 "
$465,217
ASSETS—Cash. £1,387,001;
1946
$7,370,780
$3.15
'■
>
-
$7,622,033
2,421.380
77
7'
7
(&
discounts,
goods
Interest
276
1948
of
Selling,
■.
Bearing Co. (& Subs.)—Earnings-
$336,706 during
Total
directors"
the
of
2693.
p.
les$
Gross
7
'
$6,894,659
~T.r^.
—
Udyllte Corp.
Cost
approved
Six Months Ended June 30—
8'
9-20
on
and
allowances
,-;7v:^
President,
1948
,672,533
1—"—
6 Months Ended June 30—
Sales,
which these companies ceased to be affiliated
1
.
167,
1,017.856
$3.20
26.
2,840.835
,1,132.631
share
minority interests
including -depreciation
June
3,840,835
1,000,000
_a
-Jaa
to
$hare~
per
••Not
applic.
7—_____
profit
Earned
f ■•••7
•
'
Incorporated.- 77'77;7-
Timken Roller
0.20
'
Net
(& Subs.]f—Earnings--:
/
:
:
.
_
1949
stated,
1-14
1
merger
details,
' V
'
-
Twentieth Century-Fox Film
the program for the expansion of Textron apparel lines
and. at the same -time, voted to discontinue the manufacture
of sheets and blankets at Nashua awL to close the mills
there.< /"Upon completion of a $12,000,000 proyram for new mills and sewing
plants in South Carolina, Georgia and Puerto Rico, and the modern¬
4-15
$1< -10-
$1.75
deductible
outstanding
in
Textron
:
lor
7
Wagner Baking Corp.,
commonA___Ai_A_A__";
7% preferred (quar.)
a.a-
10-
deducting $135,000 applicable to minority interests.
reflected
are
with
ization
8-31
6-2-49
in.
the
7%.
"
9-249-10
SS
5-31 :
non-residents'
___'
common
Rojral tittle.
448-31U
11- 1
7i0c.'
favored
Fori further
elected a dlrecto* to succeed Henry S.
Bowers,
Goldman, Sachs & Co. in New York, who is retiring from
active participaJtiori ha. the,
.iawnpany'ar affairs.—-V. 168, j). 788. 7
dividend.
Canadian
NOTE—The operations of Dorset Fabrics,
had
i-HV
7:
•
for
reserve
shares
-
Vulcan Mold & Iron.vabaoso Cotton Co.-(quar.)
this
for
Common
7
9* 8,
I
9-20
*
6-15-49
!. Expansion Program Completed—
•'
,
9-20
(quar.)^-;^.—
37%c
quar.)
* 37%c
(quar.);____;__/.^_v._.j-- 37y2C
'
before
9-20-
10-1
1
'
-
common
Co..
partner
r.
9-20 '
10* 1
',$1.28/^
l
2-28
56 %c
contingencies?!
L'!_aj
profit after taxes___>_Ai_—_>
Net
9-15
^
,;
.
4 10-
$1.50
(quar.)'
'
respectively/the dates
1
9-l0"
■
-
,
(acum.)a__._v
—-a__Aw-_a_U
12-
"
9-20
? •
t
_____/4
Power eom.
;$5 preferred (quar.)
9-10 4
7
9-30 "
20c
- -f •' :
a.a! ' '
Income
salesA__a^___i.a_;
Profit
'9-10 '
9-25
•
87%c
\irsrtnla-Carolina Chemical Corp.1—-
participating
16-
40c
for
tax
'
Reserve
9-13'
9-20
12-10
-
3-15.-49)
tax.
Textron Incorporated
Net
' 9- 4
9-30 '
TO- 1
*
resident
r/ .•/'2
Six Months Ended—
Earnings
$1,25
7
;
Federal
James
(Continued from page 14)
.
-
4J25c
Victor Equipment
Co.______i___^1a__I_^
Vicksburg Shreveport & Pacific Ry.—* -
6%
'
7
'
9-24
;10- 1"
25c
"
preferred (quar.)_
common:.
preferred
Ylctor
T
1
*
.'<
.
■
Norman
Company
Yapor Heating Corp., 5%
9-15
9-15
-
*
20c
stock
merger.
(tons)
per
Sachs &
Investment News
..
—
(quur.)__■—__a__a.25c
voting
the
•Depreciation of fixed assets
k.
4?
11-30
[General Corporation and
iAiAiU-l—^" V'62 V»P4 20-; i'■";,- #-201''
^
62M»c
1-2-49
12-21
>
opposed
7
'77
—1
9-16 ,'
9-30 >
10-
Shareholdings
outstanding
6%
Participation in film rentals
Film distribution,
theatre opers.
10-14
1
v,
-
-•
,35c
,
Kamp's Holland Dutch Bakers, Inc.
-Quarterly a.__:a_^_.-a-_aa--^__-____a^•'
\iau.
10-
•'
>
.
15C
f—-
'
conv,
•:•■'■-
Corp.
9-10
4
1
4 9-30/
$2
_____
v---
■
'
168, p. 889.
New Director—
ll-15(i,
12-15
25c
(quar.)
closed
Jamaica
9-10
410-1.
20o
»
A
Power
$1
,; •
preferred (quar.)_
& Light Co.__/,__
30%
XL***
not
Income
"10- .1 1
9-30
compares
the
the
v:'?/*'. 7
•After
11-30
12 %c
preferred
15%;
British
9-15
11-
$2
*$409,278
$4,380,540
of
652.
p.
*Net profit
Common shares
25c
(quar.)
(quar.)
books
tax
Less
9-18
9-30
25c'
Sales
8-26
1
88%
Production
v
1
9-20
10-15
•
10-
9-10
9-25
9-
1
1
1
1948
1947 of $5,314,243.
Operating revenues
the first six months of 1947 to $43 -
in
Truax-Traer Coal Co.
9-15
10-
I
25c./
<quar.)__
(quar.
Winding Co^
Utah-Idaho
common
a
9-15
1
25c
-
Tobacco,
Machine
4%%
Corp.,
resident
11-30*
of
meetings of the
3 Mos. End. July 31—
26
12-17
'
10-
goc
:
!
$4c
Manufacturing—.
•Transfer
10-
$8.75
—
Leaf
preferred
Universal
'
9-20
10c
fPayable In U. S. Funds, less 15%
$Payable in Canadian funds, tax
10-
eO'/jc '.
S- Trust Co. cf N. Y. (quar.)___
Uplted Wallpaper; Inc., 4 7e pfd; (quar.)
Universal-Cyclops Steel (quar.)___.
10-11
25C
10c
Corp.
'v.;:./,
J
U.
9-28
$40c
10c
9-21
9-30
'
70c
first half of
approximately
168,
9-13 .'•••
9-16 *
$5
9-15
22V2c
—
U.
10-1
months
$33,875,129
Shareholdings
//::.?/
9-29
Corp
9-15
$1.75
Securities Ccrp.—
(quar. )iA__AAi~-'----l—
U. 6.
Lines Co.. 4%%
preferred (s-a)
U. S. Pipe & Foundry Cc. (quar.)__
U. 6; Playing Card Co.
(quar.)
six
.
9-28
———
Yates-American
York
10-
V.
50c
$1.25
special
and
11-20
Yolande
$1.50
(quar.)
9-14
1
9- 8
>
75c
preferred
9-30
Common
International
1st
$5
10c
from
of
8-31
12-
9-21
9-30
(quar.)
—
7%; preferred
,
9-30
$1.50 1
50c
common
9-30
25c
Aeronautical
Common
9-24*
the
$466,304
first
approved
9-20
Yale & Towne
$1.12%
common
Co.,
1
Corp.—
(quar.)AA—a———
(quar.)—a
9-14
9-14
Wysong & Niles Co., common
9-24*
194 it
10-20
9-24*
10-
1
1
1
'
1
Wright
6
\
1
8-10
10-
'
9-11
10-
8-10
$1.75
—a
——
1
11-
1
20c
a—a__
(quar.)
10-
'
25c
10-1
.
the
Corp.,
,
9-11
25c
10-
6
9-25
10-15
1
risen
Earnings
9-20
10-
10-
'
(Wm.), Jr. Co.—
Monthly
Monthly
9-24
20c
"
'
stockholders .of this corporation and of
on
Sept. 15, the stockholders of both
Agreement of Merger between the two cor¬
porations dated Aug. 3, 1948, which provides for the
merger of General
Shareholdings Corp. into Tri-Contlnental Corp., the corporation which
will survive-the
merger.
Over 66% of the outstanding
voting stock -,
of Tri-Continental'
Corp. voted in favor: of the merger and less than'
1%
voted against
the merger.
In the case of General
Wrigley
9-30
$1.75
loss in
a
At
'
1
50C
10-15
$1
1
•
"1948
"
/
.
for
corporations
-
10-
(quar.)
common
10c
:
7!:';.
los*
General
9-15
Monthly
10-15 "
-
1
10-
(quar.)
50c
(quar.)
a—a_
class A_——i—a—
Co.,
9-20 A
1
Co.
Lothrop.
N
-
Tri-Contineiital Corp.—Consolidation
'Approved-— ?7; f
9-13
•
1
J50c
5%'preferred (quar.)
—
Combing Co. of Canada, Ltd.—
Worthington Pump & Machinery Corp., com
Wright-Hargieaves Mines, Ltd. (quar.)__—
9-14
9-30
11-
profit loss-—_
•Profit.
The
*
9-24
9-
•
10-31
25C
Wool
9
0-14
10- 5
i'75c
preferred
S.
U.
37%c
tl2'/2c
/__a—a_a_—a__
9-15
9-
1
10-
$1.50
25c
Iron
1
1
1
9-30
$1.25
&
9-15
10-
56 %C
1
15c
Woodward
5
9-10
1
10-
$1.50
5%
9-15
9-25
11-
10-
*
$1.06%
_
—
9-20
common-—a_a_
&
(quar.)
:
10-10
preferred (quar.)i_A—a____
Co._
a___
9-15
10-
*
;
with
$1.12%*:
__a"
$25c
1
10-
> 9-24
-
10-
62'/2C
Guaranty Co. (Bait.)
Finishing Co„, $4 pfd. (quar.)
U. S.
U.
common
Corp./ Ltd.,
A
(ouar.)
1
$5'
(quar.)—(quar;)——aa__a—aa__..___
prefeirad
United
U.
Machinery,
A
10-
$1.41%
—-
Shoe
Net
3
9-13
Grocery—
—
/
'
9-30
(Alan)
Steel Co., common
preferred (quar.)
Woods Mfg. Co., Ltd.
(quar.)
Woodley Petroleum (quar.)—
$2.50
9"
10-15
Woodward
New Jersey
.9-3
.
25c
60cJ
—
1
'
$2,10 7
>'J
\
,
9-22.
1
10-
Wood
.
-
1
239,099 for this ydar.—V.
••
Lovett
7
'
659,321
$24,594,786 $21,102,381
25,061,091- 20,693,102 7
have
4%% preferred A (quar.)———
Wisconsin Electric Power, 6% pfd. (quar.)__
Wiser Oil Co. (quar:) /-a—;
Extra
30-i-
10-1
—
(s-a)
„
1947
-
-
:*429,C02 ?
$1.3i
•'V
"
.
revenues
10-32 i
Co., Inc., $4.25 preferred
Inc.
'
—
10-15
Winn &
9-10
10- 1
(Quarterly Ended June
20c
-
:
;
;4 9-10
Piece
United
.
Line,
" 4 '
' S58V3C
RR. & Canal Co. (quar.)
Dye Works— *
New 4V*%
preferred (initial)
United
Public
Utilities,
com.
(liquidating)
•
Wilson
.,
7 1
___l
v
'
.
——a_
preferred
w
.
/
1
10-
$1.75" "
:
53c
prior preferred (monthly)
prior preferred
(monthly)..
United
-
9- 9
; 9-30
20c
w
prior
6%'
k
vVf
-|.
Operating
Expenses
9-22
•
(s-a)
Oil—i—
Wilsll, Ltd
Wilson
-
10- 1
10-
$1
•;". 40c
Mfg;
convertible
9-22/
share
common
—;».a.a—
River
$4.50
,
9- 9 ^
10- 1
75C
v
i_
__a_____—
preferred
■
»
'.1948
-
,
•
9-10 "
1
$1.25
Corp.
,
"
(Initial)
common
(quar.)
Cement
10-
'
Transcontinental and Western Air,
Inc.—-Earnings---
9-10
'
1
68%c
(increased
com.
new
10*
"li-; \"7.
^
1
,
9-15
'
9-30
75c•
9-10
1
9-30
1
12 %c
'
•
\
tlie rateict 60c: per share. $240,733
surplus, whioh now y stands at $2,552^5Q.;i
i 5
Working capital at Juno 30
1948 was $2,651,240 as
compared with ?
$2,536,634 a year ago.—V. 167, pj 2795.7. e,
\
- v
"«
'
Willys-Overland Motors, Inc.—
9-10
5 9-17
■ -;
.
25c f
15c
:
(quar.)
(quar.)
Paper,
non-cum.
Wichita
" 9-10 "
■
10-15
$75c :
6.36%
C
v
7%
Whiting
Illuminating5/ 9-13
United
7%
^
(quar.)—.aaa—a—_a—a—a
Corp.»_L_.—_a.a—1a——1a—_ ■'?
preferred
Whitehall
.
9-10
9-20
75c4 10-1
60c10-U
-
—
Extra
•
32c
Twist
United
$5
Whitaker
White Motor Co.
Union
(quar.)
common
Wheeling Steel Corp.
'
.9- 7 '
9-28 4
Union
■•
Co.,
10-
now
are
•Afte-r payment of
dividends.at
added to earned
9-15 r
1
10-1
•
25c
—
«
i
Osgood
Co._a__—a—
/?■".'
*•'.'*
""
1977.
was
9-10>
1
10-
$25c
-:/
56c /
-
Metal
Co.—
a
10- 2
7
:77
■
'
per
•
(Geo.), Ltd._Weyenberg Shoe Mfg.
25c
>:
;
.
due
temporary bonds at The Chase
11 Broad St., New York.TS, Y.
Earned
•
Union
2"%%. series
■Eales'wAA—A—A-4—A—::!i!7-^l!i-!7!>:$7,I92;425'1:$7l847,313.
Net profit
12-16
10-1
*
;95c
bonds,
exchange for
9-23 *
1
1-3-49.*
87 %C
7
9-17
1
10-
•
Street,
Sept." 20.
-
the City of New York,
'Six.Months Ended June
»-■ */
10-11
$1.25
;
from
Such
(EDT» ;
a.m.
Vv.
purchase
1978.*
T6wm6(or Corp>—Earnings-^'-7 ■
■
;
f
11-
$1.25 2*15-49
—
Corp.,
(quar.)—
—
1
10-
(quar.)
Stationery
11-18
$1.25
—
Westinghouse Electric Corp.
9-18 ;
"9- 4 •* V/ 3%% preferred A (quar.)—a———»
3.80%v preferred B
* 9-4
(quar.)
Westmoreland, Inc. (quar.) a
9-20 '
-
/ 20c/
9-20
13%c
■' 9-20
.
A
&
Tablet
#%' preferred
5%
preferred
mortgage
delivery in
y/7\v'c-':.7.7-';7'-'7
.
'
A, (quar.)—
preferred
Western
r*
,
preferred
first
for
—16ST, p. 889.
Co.
-
•
^
available
9-i5
r
•-"■'*
•.
Definitive
.
National Bank of
10- 1
5%
'
Defihitiye Boiids R6a<ty—
'
10- 1
.
/77:/7;7!':7v
9-15
10-
$1.25
Department
Western
10-
-
$1,504
.._aa_aaa__.:a.a___a
(N.
Western
9-15
$1.12%
"62%c/
eommonAAAAA_AA-AA_AA
(quar.)
Trust
9-15
,
Coip.
Corp.,
Underwriters
,
1
Co
Trinity Universal Insurance (Dallas)
Quarterly
a
Twentieth Century-Fox Film Corp.—
Common
(quar.)
,-J----$1.50 convertible preferred (quar.)_
20$ South La.Salle Street Corp.
(quar.)__
Fixture
1
10-
Corp., $6 preferred (quar.)(quar.)_A-A„A__AAA.!.__
Products
Tyler
10-
preferred (quar.) _a_—-_ipreferred (initial quar.)_a_'-a—
5%
9-15
5 450c
_—
preferred ; (quar.)
Trl Continental
Trico
(quar.)
$4.50
.'/
;
■
10-1
$$1.12%
'
preferred
Treesweet
t50c
________
•
7/'"
'
■
8 '
9-
9-22
v
The
7
25c
!
(quar.)__
293.
p.
Toledo Edison Co.—Bids for Purchase of Bonds—
25c
;
>
LIABILITIES—Notes payable to bank due
$100,000 .Oct; 1$, 1848," and
Nov. 15, 1948, $200,000; accounts
payable and accrued taxes
expenses.; $6,799:
provision, for Federal income taxes, $7,389;
capital
stock
(63,993
no
par
shares), $2,216,941;. paid-in surplus,
$1,108,471; other capital surplus, $490,001; earned
surplus, $335,535;
cost of
690 shares of
treasury stock, Dr$35,287; total, $4,323,850.-r
9-18
'
'"
JUNE 30, 1948
'
Traders
$1.41
/
and
$1.50
^
7
;
$100,000
■
•
com.
.
,65,183.
$2.04
-
>fc7
9-10
'
«Ue of investments.
on
ASSETS—Demand deposits in banks, $125,415;
investments, at cost,'
$4,191,802; dividends receivable; $11,871;
prepaid interest, $761;'lurniture $nd fixtures, $i;
tptal, $4329^50,
"
9- 5
25C
a_a__—_—;a__:_
63,303
share—r,,-.;'
2,183;
$94,922
>
,
9-15
17%»
common.—
—r,
13,720
v
$129,323
'-v-1 '■
-7
BALANCE SHEET.
19- 1
20C
(irreg.)/a——_
Virginia Water Service,
per
♦Excluding profit dr loss
9-20
22%C "
-
i
outstanding—
$109,558
■wy; 3,600 v-/:
—"
shares
*'
[/.}
0-16
2%c
—_aaa_——aaa*. >
(quar.)
Special
.
3 >
TO-1
income
Capital
10-
25o
preferred (quar.)_A_—-—-—A—;/ $1.12%
4.20% preferred B (quar.)——
$1.95
West Texas Utilities, $6 pfd.
(quar.)
$1.50
West Virginia Pulp & Paper Co.—
9-15
9-15
9-J5 ■.'
,
Penn
(quar.)
•
9-
10-15
"
35c
-
4%%
9-15
-
-
Snowdrift
&
preferred
West
.
9-15
$1.75
(quar.)
<7 %'
9-16
9-30'
/
?
"
,
,
0- 1
1
-
.
1947
1;' "19.782 ;/;;;
income taxcs____A_^
?7.: *Net
0-14
r.r 1948
>$152,704
Expenses La-a^^A■'
Provisions for Federal
9-14- >'■/
10-1
25c
-
—
(quar.)—
West Ohio Gas Co. (quar.)-——
a*.*
? West/Penn Electric, common—a—aa—a- ;
$7 class A (quar.)——a—
?6%- preferred (quar.)
a—
9-20
10-
25c
___-—
Iron
Works, Ltd., common
participating class A (quar.)
Bros.,. Ltd. (interim)
60c
Tooke
425c
$7%c
;
9-10*
9-20?."
Oil
Wesson
Stores/ •• Ltd;>(quar.)
}:• '-■& f 25b / 10- 1//;■•:'9-20
Thrifty Drug Stores,4%% pfd, (quar.)__#1.00ft
9-30
9-10
4%% preferred A (quar.>_
$1.12%
9-30
9-10
Tide Water Associated Oil—
'
*
$3.75 preferred ; (quar.) _a_a_a~;
—
93%010- 1
9-1Q
Co.
Wayne Knitting Mills - —_______a____,—
Wayne Screw Products (quar.)aa—ia—r—
Webster-Chicago Corp.
aaaa
Wells Fargo k Co., 4%% pfd.
(s-a)_a—__
Wellington. Fund,
Inc.
(quar.) —
Wentworth
Manufacturing
(extra)
,
SOc 'l-: 1-40 / 12-1#
#06 4-1-49
3-15
.'Ctommon''-60C' ,0-25-49' : - 9-1#
.—!•»' •;;/;
-
Motor
17>
■■
Ended June 30—
income-
9-15 7
9-20 ; -
T'-l. ' 9-20 '
10-
$1.37%
'
—
Waterloo, Cedar Falls ti Northern RR
10-15 '." 9-20
10» 1
25c-v
Pictures-—"—^—a-:
Bros,
10-
c
250
_a_——a_a-a—,« ■
9- 3*
10- I
25c
62"'/;
(increased quar.)
common
preferred 1 (quar.)
Waukesha
»
^
.
9-15
Texas
:.
#%■%
/■*
Warner
1
10- 1 "*
10c '
Ward Baking Co.,
9-10
1
* '
"* -*
J8%' preferred
10-
-
v
—-
-
4.10/fc
»0-20
"50c "? 9-25
75c
-sM
maturing withia .ones year)/
$710,616; dividend .payable-.on
payroll,-$302,301;
accrued
expenses
payable, $121,617;
provision lor estimated
accounts
miscellaneous
and
^ nensation
$37,000;
Jl *t'
*
Volume 168 :£ Number 4735
THE COMMERCIAL
accrued oflicers* com-, ^
Federal income taxes,
$1,253,547;
v
•
(The) Vulcan Detinning Co.—Earnings—
Quarter Ended June 30— /
.
bank loan Mesa instalments maturing within ones year),
$140 000; deferred income (unearned royalty), $9,650; reserve for coutingencies, $350,000;- capital stick (SI par .value), $739,827; capital*
surplus,
$339,197; earned surplus $3,606,675; total, $7,935,209,—V.
168, p. 89,
1
v
Sale
of
products
of sales and
Cost
Depreciation
Operating revenues
>
■
.
1,744,846
3,833,534
1,188,300
3,314,948
6,205,846
5,687,875
4,739,700
6,246,100
6,205,316
and general
;——
income taxes
Taxes, other than
Provision
:•
depreciation-
for
—
Non-operating
Gross
Total
-
(net)-
revenues
income
,
-
-
deductions
Net
,
$12,974,905 $14,558,404
327,763
296,812
operating rev?»uesr-i--—
Net
■
—
and State income taxes-
Provision lor Federal
—
$13,302,668 $14,855,216
3,344,095
3,734,055
Other
charges,'.—
Reserve
for
i";
of
1,564,187
1,564,187
INCOME STATEMENT
.
$9,556,974
—$8,394,386
—
(Company Alone)
,
i.
.
60,628
/
Common
•"v.— —;
I
$161,851
32,258
$0.84
$4.31
-$2.93
LIABILITIES—Accounts
reserve
operating, revenues
Total
operating
1
36,996,300
$8,910,570
5,737,072
taxes
Gross
Total
6,112,887
—i.--' $13,038,789 $15,023,457
3,760,059
3,902,101
income
deductions
Net
-
reserve
,
,
Period End. Aug. 31—
-—.
Income
Dividends
$9,278,730 $11,121,356
1,564,187'
preferred stocks of company..
on
Balance
surplus
t~V. 167, p. 2725.
1,564,187
$7,714,543
___
$9,557,169
v
'
-
'
'
.
'
•
.
$
■
Sales
51,022,551
Disc,
purch.,
on
interest
' 1948—6 Mos.—1947
1948—3 Mos.—1947
div.
&
$
Approved
"
145,745
t
K; Robert
will mature Dec. 31,
mortgage
126,976
execution
the mortgage,
of
the banks are to advance
Subs.)—Earnings—
Warner Bros. Pictures, Inc. (&
■,
May 29,'48
$
Nine Months Ended—
Income—•
23,460.321
53,800,916
45,361,000
Sell., admin. & gen. exp.
Interest
paid
5,933,560
386,888
5,427.345
11,831,761
11,239,945
Profit, net, on sales of fixed assets
284,375
774.763
Deprec.
6,202,866
5,276,953
12,284,948
568,750
9,976,883
200,000
575,000
200,000
575,000
on
prop,
and
state
&
Net
.1,223,584
1,080,793
4,300,000
in-
,
8,655,553
per
4,992,963
4,666,270
16,450,559
8,543,594
4,666.270
4,656,270
share
$1.80
$1.02
$3.42
4,666,270
$1.73
com.
7,"''
BALAtf0Er, SHEET,
,
ASSETS—Cash
curities
(chicily
in
banks
U.
and
and
S.
JUNE 30, 1948 "'
hand,
on
Canadian
$25,483,707;
marketable
se¬
Government
bonds),'$2,431 220;
$24,024,899; inven¬
tories of crude and refined oil
products (14,053,000 barrels), $23 600 0/3; warenouse stock? of materials and
supplies, $5,113,135; properties
(after deducting $230,392,553 for
depreciation and depletion and ob¬
solescence), $183,972,511; other assets, $21,940,010; total, $286,565,555.
customers
accounts,
notes
and
L|AEttITiES*~Account6
dividends
pajable,
™
other
Payment
due
interest
Nov.
15,
on
money
1948,
insurance
to
reserve
cover
1948
on
possible
five
borrowed,
retirement
for
ZLJdebentures, $200,000; income, property
cluding estimated taxes
payable
$92,292;
of
,4
168,
181.
p.
Union Pacific RR. (& Leased
Lines)—Earnings—
1948—Month—1947
$
Net
revenues
expenses
39,266,714
26,317,397
24,907,441
from ry. oper.
12,949,317
8,444,845
rents
33,352,286 238,242,585 218,931.341
180,960,417 164,587,269
3,988,382
2,300,000
2,372,408
57,282,168
17,438,382
14,811,348
1,438,657
taxes
taxes
&
$
2,103,642
income
Equip.
$
oper.
rev.
Other
1948—7 Mos.—1947
$
oper.
Federal
1,439,486
6,770,956
54,344,080
13,799,590
15,688,082
joint
facility
charge)
(net
Net
inc.
from
Net
oil
Total
Fixed
Net
income
•Does
{>, 652.
<■
1,642,409
16,175,275
8,149,743
569,088
355,248
3,196,549
3,638,869
4,330,608
37,633,305
529,721
505,671
3,699,232
29,722,074
5,295,303
7,770,514
3,824,937
33,934,074
charge
Federal
~
charges
from
all-
—
not
•
include
any
directors
$4
of
record
per
income
Sept.
Sept.
on ;
share
the
on
20.
previously declared,
An
15
Corp.—Liquidating Dividend—
declared
common
a
stock,
second
payable
liquidating
Oct.
15
dividend
to
holders
initial
liquidating dividend of $5 per share,
is payable Sept. 25 to holders of record Sept. 9.
Sale of Utility Stockin
the SEC, Judge Paul Leahy in U. S.
District Court, Wilmington, Del., Sept. 14, signed an order permitting
the cash sale by the corporation to American Gas & Electric Co. of
outstanding securities of Citizens Heat, Light & Power Co. for $1,500,response
000.i-V.
v.
to
a
petition
by
United States Plywood Corp. (&
Subs.)—Earnings—
Excl. Unconsolidated
-*Incl. Equities—
3 Mos. End.
Net
shs.
outstdg—...
•In
com.
sh.
__
94,102
49G.417
—
-1,399,551
$1.57
£'
$1.24 '
earnings of companies not consolidated.
.
$1.45
V. 168, p. >1050.
$1.12
dividend
a
during
of
14
cents
\
11,900,000
share
per
y
1948
$2,123,241
,,
1,481,156
:
sales
Cost of sales__
^Selling/, ftdmlnviand general expenses
on
"
;
1947
:
1946
$3,040,155
' 1,981,242
$2,481,39*
1,585,34*
44^,43ft
404,450
493,0'13
$565,100
3,104
16,9^0
$239,512
$568,204
97,000
230,000
' 50,000
$463,532
194,683
Total
income——————.-
for
Reserve
contingencies—-;—--
Net
—
--I—*
-
•
debt
bad
hand
on
153,792
$0.93
—-—
BALANCE
ASSETS—Cash
(less
'
; u--~~
$142,512
profit
Capital shares outstanding
Earnings per Share.
SHEET,
and
JUNE 30,
$446,612
;
^
$288,204:;
153,792
$1.87
v
$268,843
153,782
$1.75
f
1948
$236,198;
bank,
in
V
:
receivable,
accounts
of $39,671), $365,623; notes receivable, $2,085;
cash value life insurance, $136,511; plant, propr
reserve
inventories, $368,739;
erty and equipment (less depreciation reserves of $520,500), $1,302,192;
prepaid expenses and deferred charges, $29,968;
total, $3,041,321.
payable (regular)', $186,372; accounts pay*
able (miscellaneous), $10,203;
accrued salaries and wages, $15,968;
ether accrued expenses, $22,600; miscellaneous taxes, $11,484; Federal
and
State
income
taxes, $194,133;
capital itock, $162,632; capital
surplus
$999,928; earned surplus, $1,470 653* capital itock held in
treasury (8,840 shares), Dr$32,685; total, $3,041,321.—V. 16$„ p. 109Q.
LIABILITIE'S—Accounts
1,100,000
57,356
7,400,000
Inc.—Cxovemmeni Would Split Coi—
Wilson & Co,,
14,000,000
above.—V. 167, p. 1965.
See Armour Sc Co.
10,321,083
19,134,639
7,275,016
8,304,143
5,551,635
3,045,067
r
for
°Other than $557,937 in
in
10,830,496
9,197,567
,
•
-
>
14,749,202
reflect
to
share
are
the
7,341,680
3,701,090
$2.60 y.
t$3.98
7,295,000
$1.41
-
1948, $418,015 in 1947 and $373,528 in 1946
Light Co.—Bids for Purchase of
Wisconsin Power &
2-for-l
to costs, tOn an adjusted
stock split, these earnings per
common
tOf subsidiaries operating in foreign territories.
$1.99.
$13,653,074; U. S, Government bonds, at cost or
$2,4G4,572; accounts and notes receivable (less re¬
serve
of $161,744), $2,074,564; production and royalty advances (leBS
reserve of $1,535,000), $3,489,252; inventories, $45,774,264; investments
in and advances to subsidiaries operating ,in foreign
territories (less
reserve of $2,187,313),
$3,352,353; investments in affil. cos., $694,391;
land, at cost, $50,748,063; buildings, leaseholds and equipment, at cost
(less reserves for depreciation and amortization of $60,680,474), $47,203 228; U. 6. Government bonds, at cost (appropriated for purchase
of property), $564,894; mortgages, long-term notes and special accounts
receivable,
$564,527;
deposits to secure contracts, etc., $1,233,946;
miscellaneous investments,
$170,739; prepaid taxes, insurance, rent
and
other
expenses,
$2,750,380; unamortized deferred charge, $2,156,211;
unamortized goodwill, trademarks, etc., $1,153,373; total,
value,
$5,000,000 bonds,
at
stock
business
for
each
for
and
$13.50
amounts
accrued liabilities, $5,205,573; royalties and participations
$1,503,694; reserve for Federal income taxes (less $5,021,757
notes),.$tl,694,605; mortgages and contractual obliga¬
tions due within one year, $1,064,033; owing to affiliated companies,
$69 612; advance payments for film, deposits, etc., $572,732; owing to
"••ubsidiaries operating in foreign territories, $1,103,702; debt maturing
alter
one
year,
$16,659,808; deferred credits, $928,936; reserve for
contingent liabilities, $3,485,993; interest of minority stockholders in
capital and surplus of subsidiary companies, $275,803; common stock
($5
par)
$36,475,000; capital surplus, $38,510,374; earned surplus,
$53,009,178; total, $178,047,831.—V. 167, p. 2301.
payable,
Treasury
Washington Gas Light Co.—Registers
With SEC—
Sept. 10 filed a registration statement with the
SEC covering 102,000 shares (no par) common stock.
The stock will
be offered common stockholders in ratio of one new share for each
five
shares held.
Unsubscribed shares will be underwritten by The
First
Eoston Corp.
and Johnston, Lemon & Co.
Proceeds will be
used for'construction and other purposes, including the
repayment
company
on
of bank borrowings.—V. 168, PP. 789,
of $2,000,000
(Raphael) Weill & Co.
Stock Dividend—
—
four
an
employees
shares
remaining
for
—V.
11/
totaled
1948
p.
1090.
<
-
week
104,188,000 kwh., an increase of 4.25%
kwh. for the corresponding week of 1947.
'
-
.
*
/
r
pricg..
.
with
the
SEC
concerning
the
proposed
issue of S6,30Q,Q6O
includes among
$1,000 bond eq~.
35 shares of the common stock of the
titling the bondholder tc buy
company at $15 per share.
It
to offer the bonds on Sept.
the' registration statement.
proposed
is
of
effectiveness
22,
1948, upon
thft,
Co." will head a group of Investment bankers formed to
underwrite and distribute the issue.—V. 168, p. 890.
Drexel
&
Woolworth Co.—Secondary Offering—A se^f
of capital stock (par
$10) was made Sept. 15 by Merrill Lynch, Pierce, Fenner
& Beane; Lehman Bros.; Halle & Stieglitz, and assoc^
ates. The shares were offered at $44% per share/ Deal¬
ers' discount, $1.
The offering was oversubscribed,
(F. W.)
*
ondary distribution of 98,500 shares
—V. 168, p.
V
„
/<-'t
y
"
-t
,
:y:r
1090.
^
if "•
!
f.
d/c1' <J
mA
l\
v
,
f'
p
\
'.jir y
r
-
'»• ,r
Youngstown & Southern Ry.—^Note Issue Approved-*^
on
Sept. 2 authorized the company to issue an unsecured
promissory note in the principal amount
at
the
rate
Authority
Eric RR.,
as
of $1,300,000, to bear interesjfe,..;
per annum, and to mature in varying amounts*
inclusive, such note to be sold at par and the
retire outstanding notes aggregating a like prhj-
2%%
of
to
1949
1955,
was
^
.
*
-
,
^
,
■
v
>
' «•'
• ;
granted to the Montour RR., the Pittsburgh & Lal^a
Pennsylvania RR. to assume obligation and liability
and the
guarantors by endorsement in respect of the payment of principal
Interest on the above-described note; the Montour RR. as initial
and
and guarantor of the entire amount of the principal an4
thereon, and the other two companies as secondary endorsers
guarantors, each in respect of one-half of the principal of thie
endorser
interest
and
The
output of the electric properties of this company for the
the output of 99,940,000
168,
subscription
the
than
mortgage sinking fund bonds.
The amendment
other things a pian to attach a
warrant to each
note
West Peim Electric Co.—Weekly Output-*Sept.
less
York, N. Y., has been appointed Nqw
to accept subscriptions for common
issued to stockholders. They wijl
first
and
.
Power
not
(Alan) Wood Steel Co.—Amends Registration; Staten&'V
company Sept.
13 filed an amendment to its registration
statement
proceeds used to
cipal amount.,/ ■,,
ended
at
sale
and
split warrants during
the subscription period,
through Sept. 28, inclusive.—V. 168, pp. 899 and 789.
11
from
stockholders
offering.
total of
transfer
also
Sept.
stock diudend to be
over
additional 169,458 shares of the new
will be given the right to purchase a
The Bankers Trust Co., New
The ICC
$100, from
coi»close
York agent of the utility company
stock upon exercise
of warrants
on Sept. 8 Increased the authorized common stock,
$2,000,000 to $5,000,000, and voted approval of a 50%
paid about Sept. 30, subject to the approval of the
Caliiornia Corporation Commissioner.
There are 19,696 shares of com¬
mon
stock outstanding, and the issuance of the proposed 9,848 addi¬
tional shares will have the effect of capitalizing $984,800 of surplus.
The remaining unissued shares will be held for future issuance when
needed in connection with the company's expansion program.—V. 159,
The
to sell 320,232 additional shares ($10 par)
a
share.
Stockholders of record at the
3
12,000 shares of the stock at $13.50 a share if unsubscribed by stock¬
holders
No underwriting is
involved.
If a substantial amount of
the stock
is not subscribed for,
the company intends to offer thq
989.
Capitalization Increased—
Sept. 20.
(CDT)
Thei
payable, $l,f.'23,750; accounts payable, $3,withheld and collected for Federal Government,
LIABILITIES—Dividend
par
11:30 a.m.
will be allowpd one new share of common stock
shares held.
Middle West Corp. plans to subscribe^
Sept.
purchase
Company
$178,047,831.
S.
$5,000,000 first.
has been permitted by the SEC, in addition to disposal
The company
of
Chicago, prior to
Wacker Drive,
North
20
of
ASSETS—Cash,
bids for the purchase of
is inviting
company
bonds, scries C, due Sept. 1, 1S78.
All proposals shall
presented to the company at the officevof Middle West Service Co.,
mon
CONSOLIDATED BALANCE SHEET, MAY 29, J948
redemption
The
mortgage
be
charged
properties
studio
of
respect
basis
'
per
2,882,033
1947
—_L $16,660,000 *13,190,000
$1,791,800
2,077,700
1.623,300
1,399.551 ■:* 1,401,528
1,401.528
,
$2,253,600
profits
Common
-Equities1948
1947
1948
July 31—
J.
Earns,
7,153
Cr418,2&'5
common
preferred.
Inc.—14-Cent Distribution—
declared
6 Mos. Ended June 30—
Net
of
new
payable Oct. 20 to holders of record Sept. 30.v
paid on April 21 and July 21, this year.
Dis¬
1947 totaled 43 cents per share.—V. 168, p. 1090.
\ yyy *
y
?
Jy
yy.'
a
the
-
was
p. 487.
168, p. 890.
Bales
679,208
31,719
24,426,771
taxes.—V. .168;
jamount
r
shares
of
of
for a.
boards
Bonds—
The
United Publie Utilities
The
of
for
*
.
17,933,463
8,300.235
other
sources
18,261,482
&
income
&
2,332,951
2,312,511
invest.
othervisources'-^-'-ii^
61,853,881
413,250
354,411
42,206
67,735
period
Common shares outstanding
Earnings per common share
U
(net)
from
'
'
03,376,491
2,890,804
2,917,719
20,692,871
5,574,082
$1 828 187;
5,418.636
gas
'
operations
Income
and
7,930,394
58,178,884
profit
Surplus
6,922,946
trans¬
portation operations
from
24,892,298
7,532,640
(net).—
adj.
Dividends
833,851;
•Inc.
92,513; Drl03,S91
'
30,187,025
film costs
•^Equity in undist. earnings
Refnifd of foreign excess profits tax
of prior years—
—
Reserve for contingencies.—
Prov. for goodwill purchased
Prov. for estd. Fed. taxes on income
$200,000
and other taxes, in¬
earnings to date.- $7,225,651;
losses and other damage to
iong-term debt, $54,600,000; preferred stock
S
^ cumulative $3 75, series A), $24,500,000; common
ZtJiJ'
'l70 'sha5es outstanding), $116,656,750; premium on sale
70713S™0fnfSar»9Q«2,«-9?i17:^net' income rcGained in business, $57,>07,334,
total, $286,560,555.—V.
Railway
Railway
of
Foreign exchange
nnn^t'iif
Period End. July 31—
y
t
receivables,
payable and accrued liabilities, $17,570,764;
$2,916,419;
rights
thc>
.
stock,
capital
tributions
„
expenses—
Amortization
Minority interests' share of profitAmort, of goodwill, trademarks, etc.
2,088,361
out.stand..
shares
Earnings
and
.
94,142
incl. royalties & partic.
Operating and general expenses
'Amortiz. and deprec. of props—
Inteerst expense
.1
;
additional
for
conversion
r
cleared the way
as and when the
,
have
117,592,222 130,151,010 121,595,786
-
2,175,000
2.407,507
1,075,000
oper.__
other
profit
Com.
Total income-
Other costs,
taxes2,200,000
come
—.
-
Costs
Fed., state & Iccal taxes
Fed.,
Rents
inv.
on
...—.
~
Pennsylvania and Fed. income taxes '
$
26.347,076
advances
directors
like
June 1,'46
May 31,'47
$
rents, theatre admis, sales, etc. 112,415,360 125,078,629 116.971,434
from tenats and royalties
4,489,887
4,251,615
3,895,389
Other income
592,833
782,253
832,854;
for losses
the
amend
to
120,000' Shares
of
profit from operations--——
$237,635
Other income (net)_™--__—1,877
Film
and
provided
cover
proposal
a
issue
an
Net
310,822
Prov.
A
the com¬
be added to working capital.
Paul
P.
Johnson, President, reported the company at 70%
of
capacity, and-said full operations would be underway in a month
to put r hew line of watches on the market.—V. 168, p. 1050;
80,528,533
depl. and obsol.
also
to
989.
and unloadiuij '
-
Black,
p.
loading
Willson Products, Inc.—Earnings—
304,189
sales
approved
15
authorizing
pat1 value.; •
$50
sufficient
the
1950,
42,172,750 102,050,454
income
cf
F.
168,
The
$1,500,000
51,149/027
Total
.
Cost
Sept.
on
incorporation
amendment
stock
—V.
the State Street Trust Co.
Bank of Boston and
wVl
production pf
designers and constructors
President, said approval
public offering of the new preferred stock,
of directors might deem
it advisable.
The
and the money will
be used to retire demand notes now held by the First National Bank
of Boston, Central Hanover Bank & Trust Co., the Second National
The new
80,217,711
v
,
of
preferred: stock,
Whitehall Fund,
a
.,
January,
Stock Authorized—
Co.—Preferred
stockholders
The
articles
will expedite the
168; p. 652.
special stockholders' meeting on Sept. 10
mortgage on the properties of the company.
on a new trans-
.
Inc.; New York, are the
168, p. 1090.
White Motor
1948—Month—1947
1948—8 MoS.^1947
$14,031,007 $13,184,204 $105,927,315 $99,069,010
A
$
42,027,005 101,746,265
i
...
Services
the project.—V.
of
Waltham Watch Co.—To Refund Loans—
With
Calilr^aMng^
the start of construction
announces
by the cranes,
plant.
the
at
Ebasco
,
•'
IJnion t)ii Co, of
the
transformers.
served
process
6.4%—
pany an additional sum to
Period End. June 30—
Union Trust Co. of Cincinnati.
that during July and August, 8t2Rt»
issued against conversion of $164,
note.—V. 168, p. 90.
:
were
_
—V,
the proceeds
National Bank
and
be
can
reserve, $142,206;
$1,304,800;
common
stock
Sales
operating revenues
Non-operating revenues
with
provide an additional 90,000 square feet of working flopr*
will be serviced by eight overhead traveling cranes with
capacities ranging from 5 to 15 tons. A three-car Vailroad dock, whioh,
and accruals, $471,048; dividends
for income taxes and other governmental
for contingencies and in general, $513,373;
WaJgreen Co.—August Sales Increased
31,598,917
$7,301,717
and
expenses
Net
.>
.
First
will
It
space
payable
389.
p.
the
tank
new
large-size
securities
par),
,
retired
by
orig^Ui
The
shop at the Sharon Works in Sharon, Pa.
shop, scheduled for completion next
substantially increase the company's capacity for the
7% cumulative preferred stock
($20 par), $3,225,800; capital
surplus, $65,466; earned surplus, $1,132;232; total, $7,435,267.—V. 168,
($20
corporation
The
ASSETS—Cash, $1,655,630; marketable securities (amount at market
quotations, $1,814,522), $1,461,956; accounts receivable, $488,755; in¬
ventories, $2,114,348; other investments, $183,896; plant and equips
rnent '(less
depreciation,
amortization
and
obsolescence
reserves—
July 1, 1929, to June 30, 1948, $3,720,504), $896,109; processes and
intangible assets, including goodwill—as valued at acquisition dates
(less subsequent write-downs to June 30, 1948), $600,000; deferred
charges and prepaid expenses, $34,573; total, $7,435,267.
$94,055;
:
.
was
extended
York.
oeir
collate^alt
fund
sinking
New
former-tank
BALANCE' SHEET, JUNE 30, 1948
$486,286;
:
loan
the -balance
prepaid
of
stated
stock
of
has
Co.
Fifth^-Third
further
amount
it
convertible
convertible. note
bank
the
and
common
4%
Insurance
Westinghouse Electric Corp.—To Build New Shop—
$117,320
32,258
$159,Q90
Earnings per common share-i.^-.---
1947
1948
—$44,298,017 $40,509,487
l2 Months Ended June 30-r-
of
principal
Cr2,846
■
161,290
period
outstanding
payable,
its
replacemt.
for
shares
the
of
3'/4%
company
The
income
Net
York
New
The
shares
'
Total
balance
five-year
a
of
40,269
70,000
—
115,000
■
The
of
that
announces
of, $1,566,000 of
by Mutual Life
borrowing was $3,000,000.
$224,744
26,994
-
corporation
held
note
$159,323
65,421
*
$303,845
i_
reserve
marketable
Balance surplus
v
,
V
88,000
taxes
income
inventory
charges,
preferred stocks of company.
on
22,886
*
Federal
Application
$9,958,573 $11,121,161
income
Dividends
24,996
$269,976
The
standing
»
31,860
K 30,675
$243,217
:
;
-
5,668,315
1.593,456
Sales promotion
Adxjjunistrative
.4,039,798
1,473,542
4,684,510
—-
collecting-..-.-:—;—-
and
:
income
$900,026 J
708,844
1,254,278
28,566
income
Total
1947
.
$62,879,705 $56,548,944
14,371,662
20,897,592
—
—
accounting
Customers
"M
,
distribution—
and
Transmission
30-—
,Vt£-i94a
T946
;
$244,979
reserve
(1189) * 3$
,r-.West Virginia Coal & Coke Corp.—Note Retired—
*
1947'
,
$1,528,170
/1,726,667
expenses—
Operating profit
.
Other
12 Months Ended June
1948
•
$2,000,213
.
Missouri (& Subs.)—Earnings—
Union Electric Co. of
•
FINANCIAL CHRONICLE
&
offered
of
thereon. V,-
*
was sold through competitive sale.
The roa4
the note for sale, all bids to be at par, with a stated interest
In
rate.
Mellon
rate
interest
proposed
note
to
Bank
response
National
2%%.-
such
solicitation, one bid was received from
Pittsburgh, specifying an interest
accepted.—V. 168, p. 152.
,
& Trust Co..
This bid
was
,
54
COMMERCIAL
THE
(1190)
&
FINANCIAL
CHRONICLE
Monday, September 20, 1948
CITY DEPARTMENT
STATE AND
BOND PROPOSALS AND NEGOTIATIONS
r
amounts required to
I cipal of and interest
pay
ALABAMA
I
■
■
Calhoun
consist - of
County (P.O. Anmston),
net interest cost of about
3.086%,; will also be secured by
mortas follows:
gage and deed of trust on all of
$200,000 District No. 1 bonds: for the District's real property, fur¬
$110,000 334s, due On March 1 niture, fixtures and equipment.
from 1950 to 1967 inclusive, The
purchasers will have the
::0; • and $90,000 3s, due on March privilege of converting the bond
1 from
1968 to 1977 inclusive.
issue
as
500,000 District No. 2 bonds: for bearing
$273,000 334s, due
.
March
inclusive,
on
March
a
issue of bonds
an
lower rate of interest
more
on
$227,000 3s, due
1 from 1968 to 1977 inclusive.
Mobile County (P.O. Mobile), Ala.
'
Warrant Sale—An issue of $2,000.000 public school tax warrants
offered
will
as
receive
no less and pay no
than substantially the same
for the 3%% bonds at the price
Elementary School Dist.
(P.O. Susanville), Lassen County,
v\:V'• -California!*•'•
Price
tion.
Paid—The
states
that
the
County Clerk
$10,000
school
bonds sold to the Bank
ica National
of Amer¬
Trust &
Savings As¬
sociation of San Francisco, as 4%s
—v.
168, p. 891—were purchased
at a price of 100.11, "a basis of
about 4.73%.
Dated Aug. 1, 1948.
Due from Aug. 1, 1949 to 1958,
Inclusive., Interest payable. F-A.
La
to purchase the bonds.
must be in
Janesville
Canada School District, Los
yAngeles County, Calif*
The rate
multiples of y4 of 1%.
Only
one interest rate may be bid.
a part of the bonds will
considered.
The bonds are
No bid for
be
general obligations of the District,
which is a local hospital district
organized and existing under the
provisions of Division 23 (Sections
32000 to 32313) of the Health and
Safety Code ,of the State. The
opinion of O'Melveny & Myers, of
Angeles, .'approving the va¬
lidity of the bonds will be fur¬
nished the successful'bidder at or
prior to the date of delivery of the
Los
bonds, at the expense of the Dis¬
trict.
Payment for and delivery
Bond Sale—The $187,000 school of the bonds shall be
made in the
building bonds offered Septr 14 office of the Board of Directors.
—v.
168, p. 1091—were awarded Enclose a certified or cashier's
Bank of America National
the
to
Trust
&
Savings Association; of
San Francisco, as 234s, at a price
of
100.36,
basis of about 2.70%.
Dated Oct. 1, 1948, and due on
Oct. 1 from 1949 to 1967, inclusive.
Bond
Sale—The $890,000 school
bonds
offered
Sept. 14
district
The purchaser will be ex¬
check
for
3%
of
the
principal
bonds bid for, payable
amount of
to the District.
Plumas
County School Districts
Quincy), Calif.
Sales—The $946,000 Plu¬
mas Union
High Sch. Dist. bonds
offered for sale on Sept. 7—v.
168, p. 990—were awarded to the
(P.O.
Bond
Bank
of America
National
Trust
—v. 168, p. 990—were awarded to
& Savings
Sept. 14—v. 168, p. 990
Association, and Blyth
pected to pay the expenses in the the Bank of Aemirca National
—was
awarded
to
a
& Co.,
syndicate issuance of the
both of San Francisco,
bonds, including Trust &
Savings Association, of jointly, at a price of
composed of Equitable Securities
the approving opinion of Rose,
100.13, a
San Francisco, at a price of par, net
Corp.; First National Bank of
interest cost of about 2.54%,
Dobyns, Meek & House, of Little a net interest cost of about
2.65%. on the bonds divided as
Birmingham; First National Bank
follows:
Rock, in a sum not to exceed $600. Sale consisted of:
:
of Memphis; First National Bank
$806,000 as 2'/as, due from Oct. 1,
The purchaser may name the pay¬
of Montgomery; Sterne, Agee &
1948 to 1958, and the
remaining
ing agent, Trustee, and the bank $580,000 Napa Union High School
Leach; Stubbs, Smith & Lom¬ to
District bonds. Due on June $140,000 as 234 s, due on Oct.
1, in
certify the bonds.
20 from 1949 to 1973, incl.
bard©; Watkins, Morrow & Co,,
1959 and 1960.C Dated Oct.
1,1948.
on
■
and Hendrix &
Mayes, all of Bir¬
310,*000 Napa Sch. Dist. bonds.
CALIFORNIA
mingham; Thornton, Mohr & Co.,
Due on June 20 from 1949 to
of Montgomery; Shropshire & Co.;
Central Contra Costa Sanitary Dist.
1970, incl..
VI......
the Merchants National Bank, and
(P.O. Walnut Creek), Calif.
Additional Sale—The following
the First National Bank, all of
Bond Offering — G. S. Cutler,
$191,000
bonds
offered
at
the
Mobile, as 2%s, at a price of
District
Secretary,
will
receive same time were awarded to a
99.66, a basis of about 2.79%. The
sealed bids' until 11 a.m. 'tCfclif. syndicate headed by the Bank of
warrants are dated Sept. 15,1948,
DST) on Sept. 23 for the purchase America National Trust & Savings
and mature serially on Sept. 15
of $100,000 not to exceed 5% in¬
Association, of San Francisco; at
from 1949 to 1965, inclusive. Call¬
terest coupon or registered sewer a price of par, a net interest cost
able- after 10 years from date, of
bonds. Interest J-D.
'
.
issue.
Second high bid of 100.532
for
3s, a net cost of 2.945%, was
by a syndicate composed of
the following: Trust Co. of Geor¬
gia, Atlanta; Cumberland Securi¬
ties Corp., Nashville; Citizens and
made
Denom. $1,000.
Due $5,000 on June 15 from
1.950 to 1968 inclusive.
Principal
and interest
(J-D) payable at the
County Treasurer's office. Bidder
to
name
the rate
or
rates of inter¬
Southern National Bank, Atlanta; est, expressed in a multiple of
I34 of 1%.
A certified check for
Courts & Co., Clement A. Evans
&
Co., Bush Securities Corp., Mo¬
bile; Seasongood & Mayer, Gaines,
Brodnax & Co., Hugo Marx & Co.,
Berney Perry & Co., Broadnax &
Knight, Marx & Co., and George
M. Wood & Co.
$5,000, payable to order of the
County
is
Treasurer,
required.
Legality • approved
by
Orrick,
Dahlquist, Neff & Harrington of
Costa
County
Lafayette
Fire District (P.O. Lafayette),
California'
ARKANSAS
District
No.
Bond
7
(P.O.
Sale
—
The
$95,000 fire
Wabbaseka), Jefferson
County, Ark.
Offered—George H. Willey, District Secretary, offered for
house
Francisco.
Dated
sale at public auction
and due
June 15, from 1949 to
;
Bonds
issue of
an
fu
r e
n
d i
bonds.
n
on
Sept. 18
$60,000 334%
coupon
and
improvement
Sept. 1, 1948. In¬
g
Dated
terest J-D. Due Dec.
$2,500. in
1949
1, as follows:
1954, $3,000 in
to
1955 to 1959, $3,500 in
1960 to
1964, $4,000 in 1965 and 1966, and
$4,500 in 1967.
The bonds are
callable
a
on
notice published
week for two weeks in
a
once
news¬
paper of general circulation in the
State before the date of
call, in
inverse
numerical
order,
at
interest, on any Dec.
1, to and including Dec. 1, 1958,
only out of surplus remaining In
year
out
of
the
awarded
—
v.
bonds
p.
1091
offered
—
were
Blyth & Co., of San
to
on
168,
June
15,
1948
$64,000 Carneors-Los Amigos Un¬
ion Elementary School Dis¬
trict
bonds.
Due
proceeds
continuing tax of 6
nually
aside
the
after
an
there
of
mills
an¬
been" set
amount sufficient to meet
requirements
and interest
current
has
on
year
of
the
and
principal of
next
82,000
Mt.
School District bonds.
June
20
from
six
interest, and on any Dec.
1, thereafter; out of funds from
any source.
The bonds will be
general obligations of the District,
and will be secured by a
pledge of
a building fund to be created
by
tors,
which
will
direct
of Direc¬
that
1949
incl.
45,000
Due on
to
1968,
.
Salvador
District
20 from
Union
bonds.
1949
Due
to
School
on
Each of the five issues is dated
June 20, 1948.
Novato
Union
School
Dist., Marin
the
and
of
for the purchase of
exceed
11
Merchants
Los
Angeles,
National
Calif.-
5%
a.m. on
Oct. 4
$161,000 not to
interest school build¬
lots
of
bonds
aggregating
1966.
Dated
Sept.
Interest payble M-S.
bid was an offer by
dred
15,
1948.
Second best
Barcus, Kin¬
for $27,500 as
&
Co., of par
4s, and the remaining $17,000
as
434s..;
The
Sch.
at
$14,500 Portola Elementary
Dist.
the
bonds
awarded
dred
&
at
price
a
offered
time—v.
same
—were
Co.
of
of
for
sale
168, p.
990
to
Barcus, Kin¬
Chicago, as 334 s,
100.05,
a
basis
of
offer of 100.13
was an
for all 4s, made by the Bank" of
America National Trust & Savings
Association, San Francisco.
tary
Sch. Dist. bonds offered at
the
were
of
time—v.
same
168,
p.
990—
awarded to Nash Davidson;
Quincy,
as
334 s,
at
a
price of
100.04, a basis of about 3.115%.
Dated Sept. 15, 1948.
Due $2,000
from Sept. 15, 1949 to 1959, inclu¬
sive.
Interest
payable M-S. Run¬
ner-Hp in the bidding was Barcus,
Kindred & Co.,
offering 100.30
for all
33/4s.
County (P.O. San Bernardino),
'California
-
son,
County Clerk, will receive
sealed bids until 11 a.m. (Calif.
DST) on Sept. 27 for the purchase
$195,000 not to exceed 5% in¬
bonds.
Nov.
.
Dated
Oct.
to date
of
delivery, the premium,
terest
school
bonds.
Dated
Nov.
1, 1948. Denomination $1,000. Due
1, as follows: $10,000 from
1949 to 1967 inclusive and
$5,000
in
1968.
Principal and interest
(M-N) payable at - the County
Treasurer's
name a
office.
<
Bidder
must
single rate of interest and
bids? must
certified
the
<
Salinas, Calif.
Bond Sale—The $175,000 recre¬
center bonds offered Sept.:
ation
14—v. 168, p. 990 — were awarded
the Bank of America National
to
Trust
& Savings Association, ofFrancisco, at a price of 100.07,
San
net interest cost of about
a
'follows:
as
-
$45,000 134s.
Due
100,000 2s.
June 15 from
on
Due
2.04%,,
•
1949 to 1953, incl.
-
;
on
' "
June 15 from
be
accompanied by
check
for
~
1954 to
1963, incl.
•
• '
>
30,000 234s. Due on June 15 from '
1964
to
1966, incl.
All of the bonds
15,
r.J
•
dated June
are
Second high
bid
of;
$75,000 13/4s and $100,a net interest cost of'
1948.
100.04
for
000
234s,
2.14%, was made by the
Monterey County Trust & Sav-;
ings Bank, Salinas.
San
Bernardino
City Sch. District,
-
San Bernardino County, Calif.
Bond
Offering—Harry L. Alli¬
County
son,
sealed
Clerk,
will
receive
bids
until 11 a.m.
(Calif.
Sept; 27 for the purchase *
of $2,500,000 not to exceed 5% in- *
DST)
on
terest
building bonds. Dated Nov.
1, 1948. Denomination $1,000. Due
$125,000 on Nov. 1 from 1949 to
1968 inclusive.
3
Principal and in- '
payableat
the :
terest
(M-N)
County Treasurer's office. Bidder
to
name
*
single rate of interest
a
and bids must be accompanied
by
a
certified check for 4% of the
:
bonds, payable to order of the
County Treasurer. Legality to be
approved by O'Melveny & Myers '
of Los Angeles.
V ' * - '
San
Francisco
Housing
Authority
(City and County), Calif.
Note Sale—It is stated that the
Bessemer Trust Co. of Jersey
City,
the successful bidder
was
for
17
on
Aug.
the
$1,000,000 temporary
loan notes (43rd Series), at
1.14%,
plus a premium of $15.
Sausalito
School
District,
Marin
County (P.O. San Rafael), Calif.
Bond Offering — George S.
Jones, County Clerk, will receive
sealed
,
bids
until 11 a.m.
(Calif.
Oct. 4 for the purchase
of $146,000 not to exceed 5% in-*
DST)
on
terest
school
building
bonds.
Dated Nov. 1, 1948. Denom. $1,000.
Due
Nov.
1, as follows: $5,000
from
1949 to 1952 inclusive; $6,000, 1953 to 1958 inclusive; $8,000,
1959 to 1963 inclusive, and $10,000
from
.
1964 to 1968 inclusive. Prin¬
cipal and interest
at the
(M-N) payable
Connty Treasurer's office. A
$5,000, payable
certified check for
to
order
Board
of
the
Chairman
of
the
of
County Supervisors, is
required. Legality to be approved *
by Orrick, Dahlquist, Neff. Brown
& Herrington of San^Francisco. /
Stirling City School District, Butte
County (P.O. Oroville), Calif.
Bond
Offering
W.
—
F.
Mat¬
thews, County Clerk, will receive.,
sealed bids until
11
a.m.
Sept.
on
27 for the purchase of $52,000 not
exceed
5%
interest building,
to
4% f of
$1,000. Due Dec. 1,
as follows: $2,*
000 from 1949 to 1958 inclusive; 3,-
000
v
Offering—Harry L. Alli¬
of
the
of
bonds. Dated Dec. 1, 1948. Denom.
Redlands Sch. Dist. San Bernardino
Bond
to order
County Treasurer. Legality to be 1
approved by O'Melveny & Myers,:
of Los Angeles.
<.
.
The $22,000 Greenville Elemen¬
(Calif. DST) on Sept. 22
purchase of $100,000 not
to exceed 5% interest construction
a.m.
1, 1948.
De¬
Offering — Bids in writ¬ nomination $1,000.
Interest A-O.
ing or by telegram will be re¬ Due $5,000 Oct. 1, 1949 to 1968.
ceived by the Bank's Securities
Principal and interest payable at
Department, 401 South Main St., the
County
Treasurer's^ office.
Los Angeles 54, until 9 a.m.
(Calif. Each bid shall state that the bid¬
DST) on Sept. 22 for the purchase der offers par and accrued interest
35
and
•
Bond
of
$40,000 as 4s, due from
Sept. 15, 1949 to 1964, and $4,500
as 334s, due on
Sept. 15, in 1965
ond best bid
for
Bank
price of 100.20, a net interest cost
of about 3.93%, on the bends as
sealed bids until It
Tegeler & Co., of St. Louis; Stone Pioneers Memorial Hospital District
& Youngberg, and Hannaford & (P.O. Brawley), Imperial County,
California
Talbot, both of San Francisco, as
Bond Offering — W. M.
23/4S, at a price of 100.255, a basis
Corn,
of about 2.719%.
Dated Oct.
1, Secretary of the Board of Direc¬
1948, and due on Oct. 1 from 1949 tors, will receive sealed bids until
Farmers
a
about 3.73%. Dated September
15,
1948.
Due on Sept. 15, in 1949 to
1954.
Interest payable M-S. Sec¬
Trust & Savings Associa¬
000, payable to order of the Chair¬
tion, Braun, Bosworth & Co., Inc., man
of
the
Board
of
County
J. Barth & Co., Kaiser. & Co.,
Supervisors, is required M Legality
Lawson, Levy & Williams, and to be approved by Orrick, Dahl¬
Schwabacher & Co., all of San
quist, Neff, Brown & Herrington
Francisco; Pacific Co. of Califor¬ Of San Francisco.
nia, of Los Angeles; Dempsey-
1968, inclusive.
—were .awarded to the Bank of
America National Trust & Savings
County (P.O. San Rafael)/Calif.
Bond
Offering — George S.
Jones, County Clerk, will receive
tional
to
Sch. Dist. bonds offered for sale
at the same time—-v. H>8,,
p. 990
June
1973, incl.
ing bonds, Dated Nov. 1, 1948. De¬
nomination $1,000. Due Nov. 1, as
El Monte High School District, follows:
$5,000 from 1949 to 1964
Los Angeles County, Calif.
inclusive; $10,000 from 1965 to
Bond Sale—The $1,275,000 bonds 1971
inclusive, and $11,000 in 1972.
offered Sept. 14—v. 168, p. 1091—
Principal and interest (M-N) pay¬
were awarded to a
syndicate com¬ able at the County Treasurer's
posed of the Bank of AmeHca Na¬ office.
A certified check for $5,-
months'
resolution of the Board
June 20
1968, incl.
George Elementary
1963 inclusive.
bonds in the
the
on
from 1949 to
.
a
*
,
,
par
and accrued
any
construction
Sept. 13
3.12%:
offering 100.64 for all 3%% bonds.
$44,500 Pioneer Elementary
The
follows
San Francisco.
Contra
Wabbaseka School
of about
Interest payble A-O., Second best
bidder was John Nuveen &
Co.,
Association, of- San Francisco, at
bonds, payable
about
'
a
Napa County School Districts
(P. O. Napa), Calif.
bid, provided, that the terms of
the conversion are approved by
the State Commissioner of Educa¬
$1,583,000 if any, at which the bidder offers
authority" ob¬
housing
ligations.
a
such terries as the District
upon
1 from 1950 to 1967
and
;
sold into
which
of
$5,530,500,
on
the printhe bonds
maturing each year and maintain
Alabama
j a sum sufficient to pay the next
Bond Sale—The $700,000 school six months' interest be paid into
tax
anticipation
bonds
offered the building fund that year (a)
Sept. 13 — v. 168, p. 891
were from the first revenues derived
awarded to a syndicate composed from a building fund tax of six
of
Sterne, Agee & Leach, and mills in the years 1948 to 1967,
First National Bank, both of Bir- continuing annual levy collectible
mingham; First National Bank of until the bonds are paid, (b) from
Montgomery; Hendrix & Mayes,1 that part of the State apportionand Stubbs, Smith & Lombardo, > ment derived from sources other
both of
Birmingham; Thornton, than the sales tax, (c) from any
Mohr & Co., of Montgomery, and other sources excepting the mil'lWatkins, Morrow & Co., of Bir-; age voted annually for current opmingham, at a price of 100.01, a eration and maintenance. They
^
a
the
from
1959
to
1966
and $4,000 in 1967 and
cipal
and-interest
(J-D) payable
County Treasurer's office."
at the
«V
inclusive,
1968. Prin¬
Turlock, Calif. - "
— Walter M.
City Clerk, will receive
-
Bond Offering
Brown,
sealed
bids
until 11 a.m.
(Calif.
Sept. 21 for the purchase
of $235,000 not to exceed 4% in¬
DST)
on
terest
series
A,
coupon
or
regis¬
tered improvement bonds of 1948.
Dated June 15, 1948. Denomina¬
tion
$1,000.
Interest
J-D..
June 15, as follows: $6,000
ip
to 1953, $10,000 in 1954 to
Due
1949
1972,
•Volume
Number 4735
163
and $15,000 in 1973.
These bonds
'are part of the $554,000 issue authorized at the election held oil
-
Aug. 10.
Principal and interest
payable at the City Treasurer's
'office.
Bidders
must
interest
which
specify the
THE
of
the
Bidders will
bear.
bonds
be
FINANCIAL
CHRONICLE
lowest
Palm
the bonds to their
Beach, jointly, at a price of
1WJ.12, a basis of about 3.449%.
constitute one-half of
Dated
000, "redeemable
July
1
July 1, 1948, and due on
from 1950 to 1978, incl.
Certificates
total issue
a
of bonds in the amount of $6,000,-
crued interest
at
and
par
follows:
as
ac¬
$300,000
maturings on
and
May 1 of each of the years
rates of after July 1, 1974, are callable on 1950
to
1955, incl.;, $325,000 on
split rates Irre- July-I, 1968; or on any subsequent May 1, 1956 and 1957; $350,000 on
; spdctive ofthe maturities of said interest payment date, at par and May 1, 1958 to 1961,
incl.; $325,000
on
bonds. The interest rate stated in accrued interest.
May 1, 1962 and 1963, and
the; bid must be in a multiple df
$300,000 on May 1, 1964 to 1968,
IDAHO
y* of *1 %V ; Said> bonds: are genincl., or on any interest payment
eral obligations >of the City arid
date after Said respective dates,
Napa, Idaho
'said "City has pdwei* and is obliand for payment of principal of
Bond Offering — Sealed bids
the total bond issue of $6,000,000
gated to levy ad valorem taxes
mitted
bid
to
! interest
and
per¬
(1191) -55
1092—were awarded to Welsh;- office.X Bidder to - name a single
Davis & Co., of Chicago, and Sul-i rate -of^interest, expressed in a
livan, Nelson & Gross,-of -West multiple of Va of 1%. These bonds
*
shall
&
p.
'
rate
COMMERCIAL
on
-
different
to
.
*
interest
net
cost
to
the
County to be determined by com¬
puting the total interest on all
preference.
Bonds
will
be
sold
subject to the approving opinion
Bannister, Carpenter & Ahlers,
of
maturities, and
deducting therefrom the premium
oid, if any. No bid for less than
the par value of the bonds, in¬
cluding accrued interest to the
date of delivery at the rate named
of Des
Moines.
The
town will
furnish the printed bonds and the
in the bid will be considered. The
396.22
bonds
the
are
of the County
limited
valorem
ad
levied
direct obligations
payable out of un¬
and
taxes
collected
be
to
of said
attorneys.
The
bonds will be full general
obliga¬
tions
of
and
the
town,
pursuant
Polk
issued
to
Code
under
Section
Code of Iowa 1946.
County (P. O. Des Moines),
•■/•.•yj Iowa
Bond
1
the
all
on
opinion
'
Offering—J.
F.
>
Baillie,
*
taxable
property ; within
the
County. The approving opinion of
sale
Ross, McCord, Ice & Miller, of
Indianapolis, will be furnished to
(CST), on Sept. '23, an issue of
$356,000 not to exceed 5% interest
County
Treasurer, will offer for
public auction at 10 a.m.
at
'
!lor the payment of said bonds
.the
interest
thereon
and
all
upon
property with in the City subject
to taxation by said City (except
certain intangible personal prop¬
erty, which is taxable at limited
rat&s), withbut "limitation of rate
or amount
,
The legal opinion of
Orrick, "Dahlquist,
Neff
&
Her-
^rington, of San Francisco,
approv¬
ing the validity of said bonds will
x be furnished to
the successful bid¬
der without
tified
or
charge. Enclose
a cer¬
cashier's check for $5,000,
payable to the City Treasurer.
Wiltona
:
School
District,
will
be
rate is
mature
and
upon an
the
Ame^ic^NationalTnist & Sav-*
/ings. Association, of San
cisco, as 4«%s, at a price of
-a
basis 6f about 4.70%.
;Oct. 1, 1948, and due on
from 1950 to.
Fran¬
100.34,
Dated
Oct. 1
1968, inclusive...
be
serially
annual amortization plan;
first
payable
annual
amortized
prin-
cipal payment shall mature and bb
payable at the expiration of two
from and after the date of
years
the
bonds, and the last install¬
bf principal shall be due and
payable 20
1091—were awarded to the Bank
p.m.
3%, payable
M-S. Denomination $1,000. Dated
Sept. 15, 1948.
The bonds shall
years
Angeles County. Calif.
the bonds.
Bond Sale—The $14,250 school payable at
>fabndsoffered Sept^Jt44^.»$68$$ New - York
'Of
7.30
not to exceed
of -the
from the date of
Principal and interest
the Irving Trust Co.,
;
:
until
purchase of $475,000 coupon sew¬
age disposal plant bonds.
Interest
ment
Lob
received
(MST), on Oct. 4, by Geo. H.
Shellaberger, City Clerk, for the
City, or at the bffice
City Treasurer, at the op
tion of the holder.
submit
bids
lowest rate
Bidders shall
specifying:
of
interest
(a)
and
the
pre'
have
taxes
pense
ceeds
to
of
which
the
taxes
bonds
according
to
will
be
the
on
earliest
bonds optional
at
a
subse¬
quent date are called for payment.
These bonds are part of an issue
in the amount of
000.000
of
1946),
which
June 4,
this
$24,000,000 ($6,were
authorized
provements
at
issued
in
for park im¬
election held
an
1945, and. the validity of
election
has
been
sustained
by the Supreme Court of Illinpis.
These bonds .are payable from &d
valorem taxes levied upon all the
taxable property within the boun¬
daries of the Chicago Park Dis¬
trict, .without Hmitatron as to rate
or
amount. The assessed valuation
taxable
;
at
the
ex¬
of the County.
property^ ih the ^Chi¬
Park District
as
last deter¬
bidder will
Bond Offering—Sealed bids will
be received until 10
a.m. (CDST),
Sept. 23, by Otto H. Meyer,
County Auditor, for the purchase
of $200,000 Stringtown bridge and
county highway garage building
purchasb the bonds at par; None
of the bonds shall be sold for less
bonds.
Interest rate is not to
ceed 3%,
tion
-Due
payble A-O.
$1,000.
on
Dated
Oct:
1,
ex¬
Denomina¬
Oct.- 1,
1948.
follows: $1,000
as
-in 1949 to 1965, and $5,000 in 1966
-and 1967. *' Principal and interest
payable at the Farmers Bank of
the State
ton.
of
Delaware, Wilming¬
Bidders
name
the-
are
rate
requested to
of
interest
the
bonds are-to bear at par, stated in
multiples of % of1%.
-of interest shall
tire
issue.
The
Any rate
apply to the
bonds
shall
en¬
be
♦registerable at the option of, the
-holder
t$priiicipal Only, or as
principal and interest-. The
Levy Court will furnish the pur¬
as
to both
chaser with the
approving opinion
;of Reed. Hoyt & Washburn of
New York City, free of charge. A
"certified .'check, for 10% of the
of 101.27, a basis of about 1.594%.
Dated Aug. 1, 1948 and due July
Certificate Sale—The $3,500,000
1, as follows: $8,000 in 1949, and
$28,000 frOm 1950 to 1963 inclu¬
sive.
Second high bid of 100.817
on Sept 13—-v. J68, p. 991—were
for i%s was.made by^ the Norths
awarded to a syndicate composed ern Trust
Co., of Chicago.
of Glore, Forgan & Co., Chicago;
Indianapolis, Ind.
Stroud & Co., Philadelphia; Hallwater works system revenue cer¬
tificates of indebtedness offered
both
of New
York; Weeden
& Co., San Francisco; Detmer &
Co., Chicago; Foster & Marshall,
of Seattle; G. H. Walker & Co.,
and
Donald
MacKinnon
&
Co.,
both of New York; Julien Collins
& Co., Chicago; Miller, Kenower
&
Co., Detroit; Kalman & Co., of
St. Paul, and Barrett, Fitch & Co.,
of Kansas City, as 2%s, at a price
of 102.31, a basis of about 2.563%.
Dated
Sept. 15, 1948, and due
Sept. 15,
1962
as
follows:
$1,000,000 in
and 1963, and $1,500,000 in
exceed
4%,
payable J-J. De¬
nomination $1,000. Dated Sept. 15,
Wapello County (P.O. Ottumwa),
i XX
■
Sept.
,
bonds
vwill
highest
has
be
ance
awarded; ;to
responsible
submitted
his
bidder
bid
in
the
who
accord¬
with the notice >of sale. The
highest bidder; - will; be. the*
one
who offers, the lowest net interest
cost
to" the
County to be deter¬
mined by computing the total in¬
terest on hll the bonds to; their
be
considered.
In
the
event
no
satisfactory bids
the time and
the
sale,
on
the
are received at
the date fixed for
sale
will
continue
from day to day thereafter until
a
satisfactory
ceived.
Bids
bid
must
has been
be
on
,
re¬
forms
and mature
1949
.
.
*
on
Oct. 1 from
Optional
high bid of 100.521 for 2Y4S
was
made
-byXHalseyx^Stuart & Co., of
Chicago.
Woodside Rural
y
Independent Sch. <:
Dist; i(Ps O* Des Moine*), lowd 1
Bond
Sale—The
$20,000 school
Sept.
10
were;
awarded tb Shaw; McDermott &;
Co., of TDeg Moines,
X
;
bonds
offered
.
KANSAS
Goodland School District, Kan.
I
Bonds
Sold — Lucas,
Eisen X &
Waeckerle,^oliICansas City, have
purchased
issue
an
of
schoql construction bonds.
$252,0001
The is-i..
sue^was authorized at an election**
on
May 18.
r
^ -
,
xr;X-x.:; .::;X >XcXX X-i:'XX'X^X*X
KENTUCKY
Fulton, Ky.
Offering—It is stated by Smith, City Clerk, that X
she Will offer for sale at public
auction on Sept. 21, at 11 a.im
(CST), $41,000 flood control sys¬
Bond
Martha
tem
assessment
Denomi¬
bonds.
or
erasures.
from'
1950
to
1969,
inclusive.
works bonds.
Garrison
Consolidated Schi, i Dist.,
Iowa
Bond
Sale—The-
Dated Sept. 1,1948.
Due Sept. 1, as follows: $2,000 in
1950
to
1953;
$3,000
in
1954
to
bank to be nominated by the
purchaser and approved by the
City Council. The bonds are is¬
sued pursuant to House Bill No.
374, passed at the regular 1948
session
of
the
Assembly
General
of the Commonwealth. The bonds
are
authorized for the purpose
of;
paying the city's share of estab-X
lishing a flood control system in
and near the city. The bonds are *
payable from a special assessment |
upon all real property within the
area heretofore determined by the /
City Council of the city to be ben¬
efited by the said flood control
system, and as House Bill No. 374 >
further
provides. The bonds are *.
subject to the approving X
opinion of Charles & Trauernicht,
of St. Louis, whose services will >
be compensated by the city.
fi
offered
Marion County (P.O.
Lebanon),
"X:', Kentucky '
•
*i,
X Bond Sale—An issue of $150,000
school building revenue
bonds was
•
purchased on Sept. 7 by a syndi- %
composed of Stein Bros. & :
Boycc, Almstedt Bros., the Bankers Bond Co., all of Louiscate
.
July 1, 1949, and Jan. and July 1, -be received until 8 p.m. (CST),
1950 to Jan. 1, 1956. Rate of in¬ on Sept. 20, by Ray Wolcott, Town ville, Russell, Long & Burkholder,
terest to be in
multiples of Va of Clerk, for the purchase of $10,500 of Lexington, and Edw. G. Taylor
annually from 1% and not more than one interest street improvement bonds. Dated & Co., of Cincinnati, at a price of
1958 to 1961, incl.; $162,000, 1962; rate shall be
specified by each Oct. 1, 1948. Due Nov. 1, as fol¬ 102.00, a net interest cost of about
14 for the purchase of $5,000,000
$163,000, 1963; and $150,000 annu¬ bidder.
The
bonds
will
be lows: $500 in 1949, and $1,000 in 2.30%, on the bonds divided as
electric revenue bonds. :
ally from 1964 to 1968, incl., or on awarded to the highest respon¬ 1950 to 1959. All bids shall spec¬ follows: $20,000 maturing $10,000
Winter Haven, Fla*
any subsequent interest payment sible bidder who has submitted
ify the rate of interest and all April 1, 1950 and 1951, as 2y4s,
Certificate Sale —The $775,000 dates after said respective dates. his bid in accordance with the other
things being equal, the bid $102,000 maturing April 1, $12,000
water and sewer revenue certifi- Principal and interest
(M-N) pay¬ notice of sale. The highest bidder of par and accrued interest for the in 1952 and 1953, $13,300 in 1954
cates offered on Sept. 14—v. 168, able
at the District
Treasurers will be the one who offers the lowest interest rate will be given to' 1959, as 2^s, and $28,000 ma-
.
.
serially
to. 1968, inclusive.
Oct. 1, 1953,. or on any subsequent:
interest ^.payment
date.; Seconds
a
alterations
168, p. 992—were awarded Enclose a certified check for 3%
syndicate composed of Blyth of the face value of the bends bid
& Co.; First Boston Corp.; R. W. on, payable to the County Board
Pressprich & Co.; B. J. Van Ingen of Commissioners.
& Co., all of New York; Robert
IOWA
W. Baird & Co., of Milwaukee;
G. H. Walker & Co., of New York,
Altoona, Iowa
and
the
Indianapolis
Bond
&
Bond Offering — W. L. Yount,
Share Corp., of Indianapolis, as
Town Clerk, will receive sealed
2%s, at a price of 100.33, a basis
bids until 10 a.m. on Sept. 21 for
of about 2.847%.
Dated Oct. 1,
the
purchase
of
$21,500 water
1948, and due serially on June 1
mium of 104 and decreasing
1, as follows;
from 1950 tq
in 1956; $163,-
$280,000 county
v hospital
bonds
offered
14—v. 168, p/ 1092—were
lr 1959. Rate of interest to be in • awarded to the Northern Trust
multiples of Va of 1% and not. Co., of Chicago* as 2y4S, at a price
mote .than pne interest rate shall of
100.526, a basis of about 2.13%.
be specified by each bidder. The The bonds are
dated Oct. 1, 1948,
a
$5,000
May
Tallahassee, Fla.
$150,000 annually
Bond Offering — George C.
White. City Auditor and Clerk, 1955, incl.; $162,000
.will receive sealed bids until Oct. 000, 1957; $175,000
on
X <r x:>x .Iowa
X;
Bond Sale—The
15—v.
^
Interest
County^1
X
to
$3,500,000 gas
bonds offered Sept.
.
t
the
1960, and $4,000 in 1961 to 1963. X
Principal and interest payable at
Sale—The
revenue
headed by Harriman Ripley & Co., 1953, or on any subsequent inter¬
Inc. Six other groups also enter est payment date at an initial pre¬
2 3/4s,
of
ditions,
Bond
utility
Second high bid of 10L4 id Bonds maturing June 1, 1960, and
for 2%s was made by a syndicate thereafter are callable on June 1,
for
order
nation $1,000.
1964.
tenders
to
Treasurer, is required.
1948. Due $10,000 on July 1, 1949,
public
and Jan. and July 1, 1950 to Jan..
$195,000 con¬
struction
and
land- acquisition
there¬ bonds
with the bid
offered
Sept.
13
were
:pa'yable toThe* Levy Court of the prices
ranging from 101.259 down after.^ Second high bid of 100.20 awarded to Quail & Co., Of /Da v¬
pcnihtyf i^ required with the bid.
for 2%s was made by a syndicate
to 100.409.
enport, and Becker & Cownie,
headed by A. C. Allyn & Co., Inc., Inc.,
of Des Moines, jointly. Dated
Chicago Park District, III.
■v1;r/XX- FLORIDA
of New York!
July 1, 1948, and due on Nov. 1,
Bond Offering —LeRoy Wood¬
as follows:
$10,000 from 1949 to
's m; '' Pinellas' Cpunty (P, O. "
land, District Treasurer, will re¬ Rush County (P.O. Rushville), Ind.
1966,
inclusive, and $15,000 in
ceive sealed bids until 10 a.m.
/ ... •
-;. Ctearwater), Fta.
■ Bond Offering—Merrill S. Ball,
1867. Principal and interest pay¬
.' Paying Agent-r-The
Manufac¬
(CST) on Sept. 28 for the pur¬ County
Auditor,
will
receive able at the
School Treasurer's of¬
turers Trust Co., of New York, chase of
$3,000,000 not to exceed sealed bids until 10 a.m. (CST) on
fice. ^Legality approved by Chap¬
has been "appointed New York 3%
interest
park
improvement Sept. 27 for the purchase of $70,man & Cutler, of Chicago.
paying agent for $400,000 building bonds of 1948. Dated Nov. 1,1948. 000 not to exceed 4% interest
revenue anticipation bonds, dated
Denomination $1,000. Due Nov, 1,
Gilmore City, Iowa
bridge bonds of 1948. Dated Oct. 1,
1968. Callable at par and accrued
"April 1, 1948.
Bond Offering—Sealed bids will
1948. Denom, $1,000. Due
bonds for which the bid is entered,
Chapman &
A certified,-
approved by the County Board of
Commissioners and provided by
the County Auditor, without ad¬
garten & Co., and J. G. White &
Co.,
by
Chicago.
'
to
.
Chicago, lit.
of
payable
of 1948 bonds. Interest rate is not
—
(EST),
•on Sept. *21, by Geo.
Gray Thouron, Clerk of Levy Court, for the
purchase of $27,000 improvement
approved
Cutler,
check for 2% of the bonds bid for,
.
Bond Offering—Sealed bids will
be received until 11 a.m.
be
to
on
mined, being for the year 1947, is
$7,527,753,207. The total outstand¬
ing "bonded indebtedness of the
Delaware (State of) X
maturities, and deducting there¬
than' par and accrued1 Interest to Chicago
Park District is $51,Bond Sale—The .$1,274,000 school
from the premium bid, if arty. No
date of delivery.
All of the bonds 364,700.
building j bonds offered Sept. 15
bid for less than the par value of
shall In all respects conform to X A certified check for $6,000
the bonds, including accrued in¬
,'v~-yV 168, pj
the provisions of Title 55, Chapter payable to "order of the District
the 'Earhiers Bahk of "the State of
terest to the date of delivery at
2; Idaho Cbdb ■ Annotated; and is required. Legality to be ap¬
.Delaware, of Dover, as 1.70s, at a
the rate named in the bid will be
amendments thereof, known aS proved by Chapman & Cutler, of
price of 10103, a basis of about
Considered.
The bonds
are
the
the Municipal Bond Law of Idaho
Chicago.
4.591%. Dated Oct. 1, 194$, and
direct obligations of the County
A11 bids shall, be unconditional
"due-serially on Oct. 1 from 1949
payable
out
of
unlimited
ad
The approving opinion of Chap-*
INDIANA
to
1968, * inclusive. • Second - hieh
valorem taxqs to be levied and
man
&
Cutler, of Chicago, to¬
*bid of .100.729 for 1.70s was made
collected
on
all
the ' taxable
j.j^iJZvan8ville,lnd.*
gether "with the printed bbfids^Wir
by a. group composed of Lehman
Bond Sale
The Continental- property within the County. The
be furnished the successful bid¬
rBros.; Stone & Webster Securities
approving opinion of Ross, Mc¬
der without cost.
Enclose a cer¬ Illinois National Bank & Trus
.Corp.; Barr Bros. &. Co.; Hirsch &
Cord, Ice & Miller, of Indianapolis,
tified check or cash for 5% of the Co., and William Blair & Co., both
will be furnished to the successful
Co., and C. C. Collings & Co.
of Chicago, jointly, were awarded
amount of bid. payable to the City.
bidder
at
the
expense
of the
on
New Castle ^County (P.O.
Sept. 15 an issue of $400,000
airport bonds as l%s, at a price County. No conditional bids will
Wilmington), Del.
ILLINOIS
'■tyZ'-'M DELAWARE
funding bonds. Dated Sept.
Denomination $1,000. Due
Nov.
1, as follows:
$41,000 iix(
1951, and $35,000 from 1952 to.
I960, incl. Interest M-N. Legality
coupon
1, 1948.
Vanderburgh County (P.O.
Evansville), Ind.
used
redemption
terms*
All
their
bonds redeemable
any
bidder
.
for
date will first be redeemed before
cago
interest at
such
the
call
bonds,
(b) the lowest rate of
successful
incl, and $300,000 for each of the
years 1963 to 1966, incl. The pro¬
Pf
or
levied—$320,000
the
mium. if any, above par, at which
- bidder
will purchase such
the
been
for each of the years 1948 to 1962,
,
t
,
;
50
THE
(1192)
$13,000 in 1900,
1961, as 2%s.
1, 1943. Denom.
and interest pay¬
able at the Marion National Bank,
Lebanon. Callable on any interest
date falling on or before Oct. 1,
1953, at
103
and
interest
and
luring April 1,
and $15,000 in
Dated April
$1,000. Principal
thereafter at 101
inverse
and
numerical
interest, in
These
order.
bonds, in the opinion of counsel,
constitute a valid and binding
obligation of the County, payable
solely from and secured oy an
exclusive pledge of the gross in¬
and
come
derived
revenues
COMMERCIAL
bonds offered
and
p.
Town
on Sept. 14—v. 168,
1093—were awarded to a group
Boaton
to the
Note Sale—The $9,076,000 notes
by
cation by the County Fiscal Court
at an annual rental which is suffi¬
Hutzler, of New York, the only
bidder, at an interest rate of
1.17%, plus a premium of $99.
Dated Sept.
23, 1948, and due
interest
Said
both
pay
issue
are
authorized
issue
of
were
and
when
part
said
on
bonds
principal
due.
Feb.
total
a
Marahfield, Mats,
Sale—The
interest
of
cost
about
follows:
at
Bond Sale—The $1,037,000 bonds
offered on Sept. 16 were awarded
a
syndicate
composed
of
1961
to
Due on Dec. 1 from
1964, incl.
Due on Dec. 1
1965 to 1967, incl.
y
y
The
bonds
t
from
j
dated June 1,!
1948, and are subject to optional
redemption. Second high bid of
102.58
for
are
all
of
the
bonds
Parish
school
Due
Aug. 1,
from
group headed by the Equitable
Securities
Corp.*
as
previously
noted in v. 168, p. 1092—were sold
a
i
1949 to 1955, incl., and
$6,000 from 1956 to 1958, incl.
50,000 sewer bonds. Due $5,000
on Aug.
1 from 1949 to 1958,
:y incl.
v:y
All of the bonds
'as follows:
^
•
-L
ri
5 V
flS'i <£qG ,wi
1040
947nnn
rv«
rni
247,000 3*%s.
Due
t,",i
1
r
f
July 1 from
'tSch. Dist. No.
1
1,
1948
'
due
1093—were
10—v.
awarded
168,
tbonds
2'As
on
unsuccessfully
Aug 19, were re-offered
Boston
R
Hill
*
on
bid
made by
Smith & Co.,
.was
at
of
wnn+
r
a
l
about
of
3.148%.
Sept. 1, 1948,
Sept. 1, 1968. Sec¬
of
101.15
tso
nnnrnvin^'
Thorn,Hk?
Storev
of'
B^wdi
fce furnished to the purchaser. No
Boston, I bid
price
dated
are
•and mature
high
I
qi/'
3V4s,
basis
a
The bonds
ond
hn5vf
Cn
?
as
of
^Dodge
rr^hiHrArT^V0
jointly,
101.50,
Mass
opfS
for
0f iess than par and accrued
interest will be considered. Bonds
will be delivered to the
purchaser
in Boston.
1093—were
to
a
Lyons & Shafto, and
jointly.
Note
Sale
—
notes offered
The
Sept.
168,
100.901,
a
Cumberland, Md.
Bond
Offering
Buckholtz,
—
William
Commissioner
of
H.
Fi¬
Oct."!
from
sive.
for
1949
to
was
Sale—Tne $375,000 veter¬
housing
2s, at
bonds offered
price of 100.05,
a
1.995%.
Sept.
1,
Sept.
basis of
a
bonds
are
1948
and due on
1949 to 1968 inclu¬
from
1
The
Second high bid of par for
was made
by the Second Na¬
tional Bank
of Boston.
South Deerfield Water
Supply
District, Mass.*
14
offered
1093—were awarded to Laidlaw &
1968,
1.956%.
Dated Oct. 1,
Oct. 1 from 1949
on
inclusive.
Second
Second
2s was
National
high
made by
of
Bank
Boston.
y
Tewksbuty, Mass*
Sale
school
Sept.
—
addition
15—v.
awarded
The
$80,000 high
offered
notes
168,
to
p.
•
on
1093—were
Whiting,
Weeks
Stubbs, of Boston, as l^s, a! a
price of 100.489, a basis of about
000
due
sealed bids until 11
.
not
flood
to
exceed
protection
4%
bonds
interest
of
1947.
Dated Oct. 15, 1948. Rate or rates
:of interest to be expressed in a
-
multiple of 1/10 of 1%. Award to
be made
on
the basis of the
bid
providing for the lowest net in¬
terest cost. Interest payable A-O.
Legality to be approved by Niles,
Barton," Morrow & Yost of Balti¬
Holliston, Mass.
"
Bond Offering—Sealed bids will
be received until noon
(DST), on
Sept. 21, by Eli K. Vaugh&n, Town
Treasurer, for the purchase of
$105,000 coupon water bonds. De¬
nomination $1,000. Dated Oct.
1948. Due $7,000 from Oct.
1,
1,1949
to 1963.
Bidders to
of interest in
name one
rate
1.33%.
Dated
$16,000
1953
to
on
Oct.
1,
Oct.
inclusive.
bid of 100.699 for
1
from
Second
Sept.
l%s
was
and
sewer
offered
revenue
on..
Sept.
of the
not sold.
ship Office. Rate of interest to be
in multiples of *4 of 1%. The in¬
on
to the bidder whose bid
computing
of
total
the
future
all
the bonds
due
from
their
maturityv. and
ther&Erohi
bidder
' hny
shall state
interest
cost
to
his bid
in
the
the
computed in the manner above
specified. No proposal for the
purchase of less than all of the
bonds or at a price less than 100%
are
to be issued pur¬
provision of Act 116
of Public Acts of 1923, as amended,
in anticipation of the collection
of Special Assessment Roll No. 10
and of Water Main Special As¬
sessment Roll No. 9, and will not
pledge the faith and credit of the
Township. Bids shall be condi¬
tioned upon the unqualified opin¬
ion of Miller, Canfield, Paddock
& Stone, of Detroit, which opinion
purchaser* approving the
legality of the bonds. Bonds will
be delivered, without expense to
the purchaser, at the Mt. Clemens
Sayirigs Rank, Mt. Clemens, or
3Uch other place as may be agreed
upon with the purchaser. Enclose
a
certified
of
cashier's check for
'Dearborn, Mich.
Sept. 23' of general obligation
the amount of $300,000.
The bonds are to be delivered in
Detroit and may be in registered
form.
Offering will show for each
maturity the purpose, the rate of
interest, the dollar price on ex¬
pected delivery
date, and the
yield. The dollar price paid will
be at the yield quoted, computed
to date of delivery.
No accrued
interest will be paid after Sept. 30,
1948. if delivery is made after that
date.
Offerings shall remain firm
until noon (DST), on Sept. 24.
on
bonds in
Grand
Rapids, Mich.
$95,000 special
Bond Sale—The
assessment s improvementbonds
168, p. 1093—
Halsey, Stuart
offered Sept. 15—v.
Co.
&
to
awarded
were
of
Chicago,
as
IV2S, at a
price of 100.074, a basis of about
1.475%.
Dated July 1, 1948 and
due
to
$19,000
1953
on
July 1 from 1949
inclusive.
Kalamazoo
•
Dist.
Twp., Midwood Fire
(P. O. Kalamazoo), Mich.
Bond
Offering—Sealed bids will
Bond
be
Offering
received
—
Sealed
until
8
bids
;p.m.
(EST), on Sept. 28, by Myron A.
Stevens, City Clerk, for the pur¬
chase of $1,175,000 coupon water
supply system revenue bonds. In¬
terest rate-is not to exceed 3%%,
be
received until
on
will
bonds of 1948
Christie,
Jr., Executive Secretary of the
Employees Retirement System of
the School District, will receive
sealed tenders until noon (DST)
will be furnished without expense
the
school
Sept. 13—v. 168, p.
Detroit, Mich.
to
Township
V
$200,000 not to
Tenders Wanted—A. J.
coupons
date
:
1093.
dollar
^deducting
;E|ach
•
Dist.
Sold—No bids were
bonds offered
lowest interest cost
to the Township to be determined
by
,.
Sch.
exceed 3% interest coupon
produces the
made
13—v.
Not
Bonds
bond shall be at one
only.: The bonds will be
awarded
Twp.
submitted for the
any one
rate
>
No. 'ft
(P.O. Dearforn), Mich. '' V
Dearborn
terest rate for each coupon period
the Township Treasurer,
Bond
Michigan, 1933, as amend¬
for the purpose
1,
1949
Battle'Creek, Mich;
Sale—The $40,000 water
■,
special
Main Pro-
high
and
MICHIGAN
■
Water
2% of the par value of the bonds
bid for of each issue, payable to
1948
by the Day Trust Co. of Boston.
„,v ■■
the
for
the
1948. Principal
and interest payable at the Town¬
Dated
to
Note
of
suant to the
Co, and the Union Securities
Corp., both of New York, jointly,
as 2s, at a price of
100.38, a basis
about
collections
of
These bonds
yBond Sale—The $285,000 sewer
bonds offered Sept. 14—v. 168, p.
1948, and due
unless
of their value will be considered.
of Boston.
Swampscott, Mass.
of
posal for less than all of the bonds
nor for less than par will be con¬
sidered.
The bonds are to be is¬
sued under Act' No. 94. Public
be
City, and are being issued
of paying the enject No. 9, an amount equal 'tire cost,f
to the principal and interest
Bonds Not Sold-~The $220,OOQ
required to pay the next bond,
special assessment district bonds
on
maturity
following the
offered Sept. 7—v. 168, p. 893-^
date of such redemption.
on
on
bidder whose
the
ed, for the purpose of extending
the existing water supply system
their
t
awarded to Tyler &
was
awarded to
be
Acts of
value
Note Sale—The issue of $28,000
standpipe notes
principal
were
Salem, Mass.
ans'
bonds shall
redemption
assessments
National Bank of Boston.
Bond
for
no
assessment
bid of 100.85
by the Second
made
bond shall be at
Registerable as to
only.
The bonds shall
any one
special assessment fund, as a
Second high
2s
on
rate only.
there shall be in the specific
inclu¬
1960
Revenue, will receive clusive. Second high bid of 100.90
for
2%s was ' made; by Robert
a.m. (EST) on
Sept. 27 for the purchase of $700,-' Hawkins & Co., of Boston.
and
nance
after
thereof
interest,
pro¬
accrued
vided that
2s, at a price of
basis of about 1.85%.
1, 1948 and due on
Oct.
or
order at the par value
and
as
Dated
on
$1,115. Due Sept. 1, as follows:
produces the lowest interest
$1,200 in 1949 to 1953, and cost to the City after deducting
$1,115 in 1954. The bonds will the premium offered. In determin¬
be subject to redemption at ing the net interest cost, interest
the option of the Township on on premium will not be consid¬
any one or more interest pay¬ ered as deductible and interest on
ment dates on or after Sept. bonds will be computed from their
No pro¬
1, 1949, in inverse numerical date to their maturities.
group
p.
1093
were awarded to the
Day
Trust Co., of Boston, as 2V4S, at a
price of 100.60, a basis of about
2.17%. Dated Sept. 1, 1948 and due
on
Sept. 1 from 1949 to 1963 in¬
riod
result
—
MARYLAND
interest rate for each coupon pe¬
New
bid of 100.25 for
$45,000 water
Bank, Detroit. Rate of interest to
be in multiples of V4 of 1%.
The
called
the
13—v.
Sept.
dates
composed of Halsey, Stuart & Co.,
Harriman Ripley & Co., Inc. and
Kidder, Peabody & Co., all of
York,
and interest payable
National
bid
14—v. 168, p.
awarded
.
Manufacturers
the
at
7,115 water main project No. 9
bonds. Denom. $1,200, one for
$120,000 school
bonds offered Sept.
to
Dudley, Mass*
IV4S
1, 1970.
*
Principal
I, 1950, in inverse numerical
North Andover, Mass
Bond Sale—The
Co.
semi-annual interest Me\
tiZnnnn
payable at
A°f?l^ater the National Shawmut Bank of
offered as
July 1, 1970; no premium if called
for redemption on or after July
order at the par value thereof
fering 100.57 for 1%% bonds.
2s
$30,000 in 1949 to 1951,
$25,000 in 1952. Principal and
1964, but before July
1,1967; $5 if called for redemption
after July 1, 1967, but before
on or
1949 to 1953, and
$1,801 in 1954. The bonds will
be subject to redemption at
the option of the Township on
any one or more interest pay¬
Robert
to
Sept.
Co., of
Boston, as 2V2s, at a price of
100.80, a basis of about 2.39%. Sec¬
ond high bid of 100.27 for 2%s
was made by Robert Hawkins &
Searsport Water District, Me.
follows:
as
$2,200 in
p.
a
Sept.
multiples of V\ of 1%. Denomina¬
$1,000. Coupon bonds, dated
Oct. 1, 1948.
Due on Oct. 1, as
MAINE
( '•);
after July 1,
1961, but before July 1, 1964; $10
called
for redemption on or
$12,801 street sewer project No. 10
bonds. Denom. $2,200, one for
$1,801. Due Sept. 1, as follows:
Co., of Boston, as Wzs,
price of 100.08, a basis of
about 1.46%. Dated Sept. 1, 1948.
at
dated
tion
-yy&yyyyy'
before July
for
if
Hawkins &
(DST),
on
1, 1961; $15 if called
redemption on or after July 1,
p.m.
pur¬
20 for the
one
Sept.
on
follows:
and
7:30
1, 1958; $20 if called for redemp¬
on or after July
1, 1958, but
tion
and accrued interest.
sale
&
the rate of interest in
until
E.
re¬
for
son,
name
bids
Sept.
on
to-wit:
schedule,
following
$25 if called for redemption on or
after July 1, 1955, but before July
ment
on
shall
sealed
(DST)
interest
more
or
each bond in accordance with
on
Sale—The $35,000 coupon
street and sidewalk bonds offered
and
Sept.
ceive
Newburyport, Mass.
by
Sept. 22, by George F. HederCity Treasurer, for the pur¬
chase of $115,000 municipal relief
loan, Act of 1947 bonds. Bidders
Elmore
~
one
any
chase of $19,916 not to exceed 5%
interest coupon special assessment
Bond
about
Bond Offering—Sealed bids will
be received until 11 a.m.
Offering
Lester, Township Clerk, will
on
the
Twp. (P.O. Clinton), Mich.
Bond
par.
Due $2,000 on
to 1953 inclusive.
14—v. 168, p. 1093—were awarded
Chelsea, Mass.
(P.O. Amite), La.
;Sept. 1 from 1950, to 1968 inclu¬
sive.
Clinton
from 1949
sive.
$445,000 school
bonds offered Sept. 9—v.
168, p.
992—wefe
awarded; to
White,
Hattier & Sanford, and Scharff &
Jones, both of New Orleans, joint¬
ly, at a net interest cost of 3.31%.
Dated
made ,by a group composed
Braun, Bosworth & Co., Watling, Lerchen & Co. and Nordman & Verral, Inc.///;/; yyyyyyf!;
l^s,
as
to Laidlaw & Co., of New York, as
Consolidated
Bond Sale—The
'
dated Aug.
Legality
approved
Storey,
Thorndike,
Palmer
Lodge, of Boston.
1962, incl.
35,000 3M>s. Due on July 1, 1963.
Parish
are
Denomination
Boston
1954 to
Tangipahoa
Boston,
Principal and interest payable at
,thev'National Shawmut Bank of
y
on
Merchants
$1,000;
"I; '7948.
V
t
1
follows:
as
.
s
~
bonds.
194? to 1958, incl.
67,000
highway garage bonds.
Due Aug. 1, as follows:
$7,000
Consolidated
Bond Sale Details—The $375,000
school bonds awarded Sept. 8 to
«no nrtn -oi/
building
$41,160,000 school remodeling bonds.
Due $16,000 on Aug. 1 from
Sch. Dist. No. 1 (P. O, Lake
providence), La,
y
from 1949 to 1958, incl.,
?nd $40,000 from 1959 to 1968,
incl.
LOUISIANA
Carroll
y
$810,000
by Breed & Harrison,
of Cincinnati.
East
& Co.
The sale consisted of the following:
der
payment dates on or after July 1,
1955, at the par value thereof and
accrued interest, plus a premium
was
Harriman Ripley & Co., Inc., Cof- jM-S. Runner-up in the bidding
fin & Burr, and Robert Hawkins was the Lee Higginson Corp., of-
3s
as
made
was
Sept. 8
the
prior to maturity, at the, option of
the City, in inverse numerical or¬
of
2y4s, was made by a group com- ! Due $7,000 on Sept. 1, in 1949 to
f posed/of-Halsey, Stuart& Co., 11953, inclusive. Interest payable
2.76%, as
77,000 3s,
,
$10,000
to
Bank of
price of
a
Oct. 1
Lee
gen¬
V »v.«
$73,000 2%s.
of
offered
notes
tax
awarded
was
issue
shall
All of the bonds are dated July
1, t 1948. :h Second
high bid
of
100.013 for $253,000 2s and $147,000 l3/4s, or a net cost of 1.85%,
,
to
$15U,000
Sale—An
coupon
11, 1949.
$65,000 in 1971 to 1973. The bonds
be
subject to redemption
July, 1 in 1959
on
bonds, divided
funds.
Note
Higginson Corp., Estabrook & Co.,
eral obligation airport bonds of- Whiting, Weeks & Stubbs, all of
fered Sept. 14—v. 168, p. 1092— Boston, Blair & Co., New York,
•were awarded to a group headed
and the Rockland-Atlas National
'•by Stein Bros. & Boyce, and the Bank of Boston, as 2J/4S, at a price
Bankers Bond Co., both of Louis- of 101.169, a basis of about 2.10%.
ville, at a price of 102.015, a net Second high bid of 101.157 for i
Bond
about
or
on
1948, against payment in
6,
Boston
Braintree, Mass.
Owensboro, Ky.
%
awarded to Salomon Bros. &
of $275,000.. Le¬
Fahey of Louisville.
-
>
purchaser at the First Na¬
National
gality approved by Skaggs, Hays
&
property in the V 75,000 2s. Due
and 1960.
the levy
taxable
tional Bank of Boston
Oct.
Monday, September 20, 1948
will be subject to
The bonds will be delivered
ed.
Housing Authority, Mass,
offered Sept. 14—v. 168, p. 1093—
to
CHRONICLE
composed of Halsey, Stuart & Co. of unlimited ad valorem taxes to
Inc., Harriman Ripley & Co., Inc., pay both principal and interest.
and Kidder, Peabody & Co., all of The bonds will be prepared under
New York, as 2&s, at a price of the supervision of and authenti¬
101.531, a basis of about 2.08%. cated as to genuineness by the
Dated Sept. 1, 1948 and due $15,- First National Bank, of Boston,
C00 on Sept. 1 from 1949 to 1968 and their legality approved
by
inclusive.
Second
high
bid
of Storey,
Thorndike,
Palmer
&
101.17 for 2y4s was made by Laid- Dodge, of Boston, whose opinion
law & Co., and Paul H. Frederick will be furnished the purchaser.
No telephone bids will be accept¬
& Co., in joint account,
lease of said property on a yearly
basis to the County Board of Edu¬
cient
all
FINANCIAL
&
Sept. 21. by Willard G; Kane,
4
p.
m.
(EST)*
Township Clerk, for the purchase
of $50,000 coupon special assess-*
ment
bonds.>
Interest rate is
not
to exceed
3%, payable M-S. De-*
nomination $1,000. it Dated Oct. I*1
1948.
Due 10,000 from March 1,
1949
to
1953.
Rate of interest to
168, p.
be in multiples of *4 ol 1%. Print
to Halsey,
1%.
payable J-J. Denom. 1.000. Dated cijpal and interest payable at the
accrued interest will be consid¬ Stuart 8c Co. of Chicago, at a price
MASSACHUSETTS
Sept. 1, 1948.
Due on July 1, as American National Bank, Kalamat
of 100.061, a net interest cost of
ered. Principal 'and interest
follows: $40,000 in. 1951* tox 1955,1 zoo.
pay¬
The interest rate for each
Beverly,; Mass. ' ''V'-: able at the First National
about 1.82%y as follows:
1
Bank, of
$45,000 in 1956 to 1959, $50,000 in coupon period on any one bond
?< Bond Sale —- The $300,000 fire Boston;' The bonds will be " valid
$325,000 as 1%S. Due on July 1 1960 to "*1963, $55,000 in 1964' to shall' be at one rate only. - The
ftation and signal Station building general obligations of the Town,
y-'i from 1949 to 1958 inclusive
196T; $60;000 in 1968 to 1970, and ! bonds will be* awarded to the bid*
more..
y
.
multiple oft4 of
•893
No bid forTess'than
par" and
a
—
were
awarded
-
'*
.
^
-
Volume
der whose
est
Number 4735
168
bid
THE
produces the low¬
payable M-N.
Legality approved
by Faegre & Benson, of Minne¬
apolis.
Second best bid was an
interest cost to the Township
determined by computing
to
be
offer of 100.012 for
due
the
deducting
therefrom
mium.
proposal for the
No
at
will
be
considered.
par
Bids
shall be conditioned upon the un¬
qualified opinion of Miller, Canfield, Paddock & Stone, of Detroit,
approving
the
legality
of
the
bonds. The cost of said legal opin¬
ion
and
of, the
printing of the
bonds will be paid by the Town¬
ship.
Bonds will be delivered at
the
American
Kalamazoo,
may
or
be agreed
chaser.
National
Bank,
such other place as
upon
Enclose
with the
pur¬
certified
a
or
cashier's check for $1,000, payable
to the Township Treasurer.
Oakland:Coanty(P.O. < Pontine),
'Jr.,
Michigan_ \i:>.
,,
•
•
Offering—Joseph Justad,
Village Clerk, will receive sealed
bids until 8 p.m.
(CST) on Sept.
purchase of $320,000
not to exceed 4% interest perma¬
20
for
the
nent
improvement revolving fund
1, 1948. De¬
Due Oct. 1, as
follows: $37,000 from 1950 to 1953
CHRONICLE
Due
from 1949 to 1953
or
on
City on May 1;
interest payment
any
thereafter, upon the payment
the principal amount thereof
of
with
accrued
interest
to
as
terest and
premium, if
bonds;
any.
inclusive;
$22,000
from
1959 inclusive, and
1961.
pal
interest
and
1954
Northwestern
to
$20,000 in 1960
.Interest A-O.
Princi¬
payable
National
at
the
Bank
of
Minneapolis.
Legality to be ap¬
proved by Faegre & Benson of
Minneapolis.
Harrison
Bond Call—Various county por¬
township portion, city por¬
County. ■(P.O. Gulf port),
Mississippi
tion,
Bond
tion and district portion highway
The $475,000 road
—
bonds
of
will
be
hereinafter set forth.
as
establishment
and
ported that
rates
sufficient
to
New
reasonable costs of operating and
maintaining the • sewer f system,
and, in addition, sufficient to pay
the principal of and interest on
bonds
proposed to
be
were
bridge bonds offered Sept. 14 in accordance with the notice of
168, p. 993—were sold pri¬ sale. The proceeds derived from
$270,000 have been called for pay¬ vately to J. S. Love &
the imposition of such
charges or
Co., of
ment on Nov. 1, 1948, at par and
Jackson, and Weil & Arnold, of : rates will be- pledged to the pay¬
accrued
interest, at the Detroit New Orleans, jointly, on a bid re¬ ment of the bonds and the bonds
Trust Co., Detroit.
will constitute a preferred lien
flecting a net interest cost ot
i;
''
•/"' ;
2.747%. The transaction was ne¬ thereon* all to the extent and in
MINNESOTA
gotiated after county officials had the manner provided in said or¬
rejected sealed bids submitted for dinance. The bonds will be sold
\\t; Fergus Falls. Minn,
to the bidder making the best
the issue, the highest of which,
bid,
Certificate Offering, —^ Sealed
providing, for a net interest cost subject to the right of the cor¬
bids
will
be
(CST),
p. m.
aggregating
received
on
until
7.30
Sept. 20, by F. J.
Kloster, City Clerk, for the pur¬
chase
of
$40,000 certificates of
indebtedness.
Interest rate is not
to exceed 2%, payable M-S. De¬
nomination $1,000.
Dated Sept. 1,
1948.
Due $8,000 from Sept. 1,
1950 to
1954.
mitted
for
of
aggregate
par
1
cates
issued
are
The
in
in¬
Bond
10%
of the
amount not less
bid.
offered
were
Sale
The
—
Sept.
7—v.
awarded
to
a
$90,000
certificates
168,
p.
group
993
com¬
posed of the First National Bank j
%Minneapolis, First National:
Bonds Sold—An issue
school
Bank
2V2S, at
1949
to
follows:
on Feb. 1
as
inclusive
1952
and
$3,000 2V4s, due Feb. 1, 1953. The
are dated Aug. L 1948. In¬
terest F-A.
Approved as to le¬
gality by Charles & Trauernicht
bonds
V:
about
of
composed
v
Bank
of
National
cost of about
$50,000 3s.
from
of
Bond
Sale
—
as
Due $5,000
1951
to
1960
on
July 1;
bonds
offered
Sherman
bonds
dated
July 1,
1948, and those maturing after
July 1, 1960, are callable on said
date, or on any subsequent in¬
terest payment date, at par and
accrued interest.
The only other
bid, an offer of 100.026 for $50,000
3y4s an $50,000 3%s, or a net cost
of 3.582%, was made by an ac¬
count composed of Piper, Jaffray,
& Hopwood, Kalman & Co., J. M.
Dain & Co., and Allison-Williams
co?g!^,|y.g
*
:
t
dated Oct.
St. James, Minn.
Bond Sale—The $25,000 coupon
light plant bonds offered for sale
Sept. 9 were awarded to Mannheimer-Egan, Inc., of St. Paul, as
1V2S, at a price of 100.037, a basis
of about 1.49%.
Dated Sept. 1,
1948.
Due 5,000 on
Sept;. l,:'in
1949 to 1953, inclusive.
Interest
on
1950 to
a
Dated Sept.
on
County Sch. Dist. No.
Bond
ough,
of Loup City, as 3s. Dated
Aug. 1,
in 1958; optional after
Due
The bonds
at
an
election in
were
addi-
an
probable
usefulness
of
45,000 water of 1948 bonds. Due
Feb.
1960
1,
1950
,
■
to*
follows:
as
to
1955
1954,
$4,000
and
1959.
$5,000
Issued
construction of
an
for
.
the
..
period
fulness
of
of
in
in
the
addition to
the water system of the
on
and accrued
of
which are, respectively, 5 and
20 years,
f;
1
option of the Bor¬
Oct. 1, 1953, or. on
any
interest payment date
thereafter, in inverse numer¬
ical order, at the price of par
1966 incl. Second
Offering
Borough
ceive sealed
City,
probable
which is 40
use¬
years.
Dated Aug.
tion
1, 1948. Denomina¬
Each bid must be for
$1,000.
all of the bonds and state a single
rate of interest in a multiple of
interest, after 30
| % or 1/10 of 1%. Principal and
days' published notice.
interest payable at the, First Na13,000 improvement bonds. Due
| tional Bank of Amsterdam.
The
Oct. 1, as follows: $2,QQ0 |rpm bonds will be valid
and( legally
1949 to i951 inclusive, and
'
Edmund
—
Clerk,
bids until
L.
will
re¬
9 p.m.
on
authorized
April.
NEVADA
Las Vegas, Net).
Bond Offering—Sealed bids will
be received until 2 p.m.
(PST), on
by Shirley Ballinger, City
Clerk, for the purchase of $350,000 sewage bonds. Interest rate
is not to exceed 3%, payable M-N.
Denom. $1,000. Dated May 1, 1948.
Bidders are required
to submit
(1) For bonds maturing May 1,
$8,000 in 1949, and $18,000 in 1950
to 1968, (2), for bonds maturing
$35,000 May 1, 1949 to 1958. All
bonds maturing on and after May
1, 1954, being subject to redemp¬
Oct. 5,
tion in inverse numerical order at
$1,000 from
or
registered
sewer
to
1958
in¬
and
which will be subject to
levy of ad valorem taxes to
pay said bonds and interest therc.on, without limitation as to rate or
21,000 street improvement bonds.
pursuant to the Constitution and
equipment bonds.
Due
Oct. 1, as follows: $5,000 from
plant bonds of
1949
1951
to
inclusive,
$4,000 in 1952 and 1953.
Due Oct.
(A-O)
payable at the
Bergenfield
National
Bank
&
follows: $3,000
in 1949, and $2,000 from 1950
Trust
to
1658
1,
as
inclusive.
All of the bonds
dated Oct.
are
1, 1948. Denomination $1,000. The
bonds will be sold as a combined
$600,
issue
Florence Township (P.O*
Florence), N. J.
.
*
r
Bond Sale—The $194,000 coupon
registered bonds offered Sept.
15—v. 168, p. 993—were awarded
to Boland, Saffin & Co., of New
York, as 2.30s, at a price of 100.369, a basis of about 2.257%. Sale
consisted of $161,000 water bonds
and $33,000 general improvement
bonds. Dated Oct. 1, 1948 and due
or
Oct.
on
Second
1
from
high
1949
bid. of
to
1968
incl.
100.181
aggregating
$113,000
and
maturing on Oct. 1, as follows:
$15,000 in 1949; $14,000, 1950 and
1951; $12,000, 1952 and 1953; $8,000, 1954 to 1956 inclusive; $6,000,
1957 and
1958; $3,000 in 1959 and
1960, and $2,000 in 1961 and 1962.
Principal and interest (A-O) pay¬
able at the First National Bank of
South
River.
A
certified
bid
check
Daniel
2%
of
the
Verona, N./J.
Sale—The
Bond
14—v.
awarded
to
.
r
$119,000
-•
v
bonds
168, p.
B.
J.
offered on
994— were
Van Ingen &
Crane, District Clerk, will receive
sealed bids until 3 p.m.
2.138%.
7 for the
000
not
to
coupon or
(EST) on
purchase of $255,-
exceed
6%
interest
registered school bonds.
Dated Nov.
due
on
incl.
for
&
Dated Sept. 1, 1948 and
Sept. 1 from 1949 to 1968
Second
2V4s
was
high
bid of 100.288
made by Ira Haupt
Co., and Waiter Stokes & Co.,
1, 1948. Denom. $1,000. jointly.
;v
•'
r
sewer
Co., of New York, as 2.15s, at a
price of 100.109, a basis of about
Oct.
including
Charter
The
said bonds
are
to be issued is the
Provision
Law.
has
been
made
for the necessary
as
down payments
required by Section 107.00 of
the Local Finance Law. Provision,
of
validation
the
for
the
bonds
provided in Title 6 of Article 2 of
the
Local
Finance Law has
i
V-
"V
•
been
';;'■
complied with.
My
i*V ••.'
w' '
Barker, Chenango, Fenton, Maine?
and Triangle, Broome County, and
Greene, Chenango County (P. O.
Chenango Forks), N. Y.
Bond
will
be
Offering
received
—
Sealed bids
until
3.45
p.m.
Sept. 21, by Alice Fink*,
District Clerk, for the purchase of
$375,000 Central School District
(DST)
on
*
Sept.
D*
City
City Charter, and the General City
a
for Mitchell of New York City.
(P. O. New Vernon), N. J.
—
name
payable to order
of the Borough Treasurer, is re¬
quired.
Legality to be approved
by Caldwell, Marshall, Trimble &
Dolphin & Co., jointly.
Offering
for
the
issued
are
statutory authority to accomplish
the object or purpose for which
for,
Harding Township School District improvement
Bond
to
single rate of interest, expressed
a multiple of % or 1/10 of 1%.
bonds
bonds
others,
among
v-.v
in
2.30s was made by J. B. Hanauer
& Co., and
Bidder
The
-
the statutes of the State,
and the Local Finance Law.
1/20 ot 1%. A certified check for
payable to order of the
Borough,- is required. Legality to
be approved by Hawkins, Dela-
the
amount.
interest
Co., Bergenfield. Bidder to
name
a
single rate of interest,
expressed in a multiple of Vs or
binding general obligation of the
City, all the taxable real property
within
23,000
int. coupon
1948. Dated Oct. 1, 1948. Denom.
$1,000. Due $3,000 on Oct. 1 from
1949 to 1958 incl. Principal and
1952
clusive.
Sept. 27 for the purchase of $30,000 not to exceed 6%
1
bonds
was . pur¬
chased by the First National Bank
1948.
to
of.
;/
able at the
bid of 100.29 for 2y4s was
by Robert Hawkins & Co.,
Willis,
Bond
1953.
1949
construction
,' ;,tiOn to the sanitary sewer sysV; tem of the City, the periods
:
1954 to 1962 shall be redeem¬
Sept.
lield & Wood of New York City
improvement
are
101.07,
.
4
Oct.
on
the
.•
improvement
$2,000
Feb.
struction of public streets and
-i
registered
•
u
.
p.m.
inclusive,
$2,000 jn 1961 and 1962.
Bonds maturing in the years
of Boston.
(P. O. Loup City), Neb.
Sold—An issue of $21,718
3.20s.
Due $10,000 from
July 1 from 1961 to 1965 in-
The
are
NEBRASKA
50,000
X elusive.
of
Due
Due
,,,
250,000 county home bonds as 4s,
Due April 1, 1951.
follows:
inclusive.
made
8
follows:
as
bonds.
1, as
1950, $19,000 in 1951 to 1953, $2,000 in
1954, and $3,000 in 1955 to
1959.
Issued for the recon-
and
■
The $450,000 gen¬
obligation
St.
3.124%,
price
a
1948 and due $5,000
high
until
or
general
from
'
Bergenfield, N. J.
1
Minneapolis,
Bank
at
15 from
Howlan,: City - Treasurer, for the
purchaser of the following bonds*
aggregating $133,000:;
; J
$88,000; general improvement of
from 1949 to 1956 inclusive.
NEW JERSEY
First Na¬
Paul,
and
All of the bonds
Harold E. Wood & Co., of St. Paul, f
at a price of 100.101, a net interest 1, 1948.
tional
15,
Offering — Sealed bids
be/ received until 3 p.m.'
(DST), on Sept. 21, by Frank A.%
1948
40,000 emergency housing bonds.
Due Oct. 1, as follows: $3,000
Co., and the First
Corp.,
jointly as
basis of about 2.13%.
,
,.
First
&
Michigan
2V4s,
bids
coupon
$16,000
.
County (P.O.
Independence), Mo.
Jackson
-
of
the
of
.
14—v. 168, p. 993—were
2.492%.
Dated Sept. 1,!
awarded to the Mercantile-Com¬
1948 and due on Sept. 1 from 1950
merce
Bank & Trust Co. of St.
to 1959 inclusive. Optional Sept.!
Louis, and Proctor M. Masters
Co. of Kansas City, jointly at a
Renville County Independent
Sch.\ net interest cost of 1.19%, as fol¬
Dist.No. 89 (P.O. Danube), Minn. lows:
Bond Sale—The $100,000 build- 1
$200,000 county parental school
Ing bonds offered Sept. 10—v. 168, |
bonds as lJ/4s.
Due April 1,
p. 993—were awarded to a group
1952.
of
sealed
bonds, divided
H.
offered on Sept.
993—were awarded
p.
Amsterdam, N. Y.
Bond
will
on
interest
bonds
Laidlaw
to
f
V ' follows: $14,000 in
J.
N.
£\.
Sept. 27 for the pur¬
chase of $113,000 not to exceed 6%
168,
of St. Louis.
Moorhead, as j eral
price of 100.028, a basis
Sept.
a
was
City, at a price of par,
$12,000 2s, due $3,000
jBank of St, Paul, and :the; Ameri¬
State
bonds
of-$1-5,-000
purchased by
the Commerce Trust Co. of Kansas
of
can
receive
Dawson,
Bond Sale—The $85,000 Records
15—v.
River,
the Marine Trust Co., of
Buffalo, and R. D. White & Co., of
jointly.
/./;"'/•.<
New York,
1
;
Dated
made by
•
dated Sept.
are
price of 100.38,
a
a basis
Aug. 15,
1948, and due on Aug. 15 frorr^
1949
to
1968, inclusive.
Second
high bid of 100.22 for 2.30s was
Bond Offering — Henry O.
Schlegel, Borough Treasurer^will
Sullivan County (P. O. Newport),
Building
District, Mo.
Sale—The $175,000 school
offered Sept. 15—v. 168, p.
about 2.158%.
,
NEW HAMPSHIRE
MISSOURI
from
improvement
South
bonds.
Gideon School
-
1.90s: was made by Lehman
Bros, and R.vW^Pressprich,&;CO.;
bids
water
on
1949 to: 1958 inclusive:
(EST)
N.
accordance
Moorhead, Minn.
Certificate
street
$70,000
ot
&
i
improvement
Sept. 1 from
both of New York, jointly,
than par and ac¬
crued interest. The legality of the
Dick
Due
-
All .of the bonds
less
Bosworth,
general
for
City to
of Denver.
bonds.
revenue
at
certifi¬
Code of the City.
will not be sold for less than par
and accrued interest.
Each bid
shall be accompanied by a certi¬
than
sold
Sept. 1 from
on
1, 1948. Second high bid of 100.108
any and all bids and readvertise. None of the bonds will
be
Due
bonds.
bonds will be approved by Persh¬
Verona, Miss.
Offering — Sealed
purchase
the
1..
High School Dist.
(P.O. Allegany), N. Y.
I
2.20s, at
of
:
1949 to 1958 inclusive,
;
v',-.-.:'?
V>:;
1094—were / awarded
to* Wood,
Struthers & Co, of New
York, as
$375,000 bonds
Sale consisted of:
bonds.
-
>.
Bond
>
'
$109,000 improvement, assessment
reject
will be received until Sept. 28 for
Municipal
The certificates
an
Sept.
on
porate authorities of
ing,
with Chapter 10 of the
fied check for
dated
are
1949 to 1957 incl.
from
works
interest
rate of
the bid.
bonds
Sept. 1, 1948 and mature
the
the
The
Co.
Love
Specify
in
ac¬
an
composed of M. A. Saunders
Co., of Memphis, and the J. S.
&
value of the certificates and shall
cluded
entered by
was
count
Bids shall be sub¬
the
2.972%,
No.
Sept. 14—v. 168, p. 994—
awarded to Salomon Bros. &
266,000
to
made
was
Olean Central
Brunswick, N. J.
Sale—The
1.876%.
1949
Allegany, Carrollton, Humphrey &
Hutzler, and Ira Haupt & Co., both
of New York,
jointly, as 1.90s, at
a price of
100.117, a basis of about
issued
from
NEW YORK
r
offered
—v.
bonds
re¬
bonds
Bond
2.60s
1
high bid of 100.-
a
addition bonds.
the
the
for
account.
main¬
pay
Oct.
on
by B. J.
Van Ingen & Co., and
White, Weld
& Co., both of New
York, in joint
tentatively
school
2.60s,
as
of 100.313, a basis of
2.578%. Dated Oct. 1, 1918
due
239
special election has
scheduled
for
Oct. 19, to submit to the voters a
proposal to issue $752,000 high
been
tenance of sewage service charges
or:
and
Dist.
Bond Election Pending—It is
delivery of the bonds the City
will adopt an ordinance
providing
the
Township School
Lyndhurst), N.
(P.O.
Prior to
jointly,
price
a
1983 incl. Second
Lyndhurst
general
the
for
both of Newark,
at
about
the
City, payable
subject to
by laws of
additionally secured
the State and
Bond
Sale—The $185,000 school
bonds offered Sept. 13—v.
168, p.
792—were awarded to J. S.
Rippel
& Co., and Julius A,
Rippel, Inc.,
Legality to be approved
by Hawkins, Delafield & Wood of
New York City.' ;
and
improvement
Sale
The
1968 incl. Bidder to
quired.
above
from ad valorem taxes
the limitations imposed
obligations
a
check for $5,100, payable to order
of the Board of
Education, is re¬
rate of interest at which the bid¬
der will purchase the
bonds at
par.
1954 to
57
Washington Township Sch. Dist.
(P. O. Long Valley), N. J.
single rate of interest, ex¬
a multiple of Vfe or 1/20
of.,, 1%.
Principal and
interest
(M-N) payable at the Morristown
Trust Co., Morristown. A certified
(b) the lowest
or
follows: $12,000
inch, and $13,000
as
pressed in
at which the bidder will pur¬
chase the
1,
name
the
specify: (a) the lowest rate of in¬
par
Nov.
from
redemption date. Principal and
interest payable at the City Treas¬
urer's
office.
Each
bid
shall
bonds. :v Dated Oct.
nomination $1,000.
and
(1193)
1953,
lV^s, made by
Bond
FINANCIAL
date
National Bank,
A'
,■
; (; .y,,,
St. Louis Park, Minn.
v
1
pur¬
price less than their
a
value
Minneapolis.
pre¬
any
chase of less than all of the bonds
or
Northwestern
&
the option of the
>
the total dollar value of all future
coupons on the bonds from
their date to their maturities and
COMMERCIAL
No. 1
bonds of 1948.
Interest rate
is not to exceed 5%, payable
Denom. $1,000. Dated
Due
in
on
1949
Oct.
to
1,
as
1954:
A-O.
Oct. 1, 1948.
follows: $18,000
$20,000,
1955
to
$18,000, 1958; $20,000, 1959;
$21,000, 1960 to 1966, and $22,000
in
1967.
Principal and interest
1957:
Dayable
Bank
of
at the Marine Midland
Binghamton, New York.
Coupon bopds, convertible into
fully registered bonds.
Each bid
must be for all of the bonds and
>■
58
(1194)
state
THE
single
,a
rate
of
interest
therefor, expressed in
of
Va
a multiple
1%, at not less
of
1/10
or
than par and accrued interest. The
approving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished to the pur¬
.
chaser without cost.
A $7,500 cer¬
tified check, payable to the order
of the School
District, must ac\
company the bid.
Berne, Knox, New Scotland and
Westerlo, Albany County, -and
{Middleburgh and Wright, Scho•
,harie Coumy, Central Sch. Diet,
No.
1
Bond
(P.O.
Berne),
Offering
from 1949 to
1963, inclusive. Sec¬
high bid of 100.34 for 2.70s
by Newburger, Loeb &
Co., of New York.
was
sealed
(DST)
until
bonds. Due on Oct. 1
1949 to 1958 inclusive.
'
or
registered
bonds.
Dated
coupon
school
building
from
000
1950
sive
and
to
1959
1960
$16,000
1968 inclusive.
to
from
inclu¬
1964
Bidder to
incl.
Due
Notes
Staley,
single rate of interest, expressed
a multiple of Va or 1/10 of 1%.
Principal and interest (M-S) pay¬
Lazarus Joseph has allotted to 25
New York City banks
$60,000,000
able
of
in
at
the
National
Commercial
1^4 %
tax
quired.
the
District,
Legality
is
approved
by
Vandewater, Sykes & Heckler of million on Nov. 1,1948. The allot¬
ment is as follqws:
City.
r
„
Bank
of
New
be
received
payable
M-S.
est
Co., New York City. Rate
of interest to be in
multiples of
Va or 1/10 of 1%, which must be
the
same
bonds
for all of the bonds. The
will
be
delivered
at
$2,520,000: First National Bank
City of New York.
io
$2,520,000: Irving Trust Com¬
/
pany;
$2,400,000: Bank of the Manhat¬
tan Company.
$1,800,000: J. P. Morgan & Co.,
■
&
be
furnished
without
cost.
to
the
A
purchaser
$1,740,000: The New York Trust
certified
or
cashier's 'check for $31,200,pay¬
able to the District, must accom¬
pany the bid.
(
and Fifth Avenue Bank.
$840,000:
Bank
and
The
Trust
Public
Company.
Commercial
National
Bank
and Trust
Company.
(P. O.
$480,000: Brooklyn Trust Com¬
Plattsburgh), N. Y. /
pany.
Bond Sale Details—The $121,000
$360,000: United
States
Trust
highway bonds awarded Aug, 25
mO-
Clinton County
•
y
to
Company of New
the
York.
State Bank of
Albany, as
$240,000: Empire Trust Com¬
Vfcs, as previously noted in v. 168,
pany.
894, were sold at a price of
$180,000: Kings County Trust
100.043, a basis of about 1.486%.
Company, Brooklyn, N. Y.
Dated Sept. 1, 1948 and due
on
$120,000: Federation Bank and
Sept. 1 from 1949 to 1953 incl.
Trust Company, y
$120,000: Fulton Trust Company
Corinth, N.
i Bond Offering —
George Sims, of New York.
Jr., Village Treasurer, will receive
$120,000:
The
Amalgamated
p.'
.sealed bids until 3 p.m. (DST)
Sept. 21 for the purchase of
000 not to exceed 5% interest
on
$53,cou¬
pon or registered
paving bonds of
1, 1948.
De¬
nomination $1,000.~ Due Oct.
1, as
1948.
Dated
Oct.
follows: $10,000 from 1949 to 1952
inclusive, and $13,000 in * 1953.
Bidder to name a
single rate of
interest, expressed in a multiple
of Va or 1/10 of
1%.
Princinal
and interest
(A-O) payable at the
Manufacturers National Bank of
Troy,
in
Corinth.
A
certified
Bank of New York.
$120,000: Title Guarantee
Trust Company.
and
New York City
Housing Authority,
New York
Note Offering—Thomas F.
Far-
rell, Chairman, will receive sealed
bids until 1 p.m.
(DST) on Sept.
23 for the purchase of
temporary
$24,286,000
loan
notes, issue
XXXV.
Dated Oct. 18, 1948 and
due on April
15, 1949. Principal
and interest
payable at the Chem¬
ical Bank & Trust
Co., New York
Legality approved by Cald¬
check for $1,060,
payable to order
of the
Village, is required. Legal¬
ity to be approved by
Vandewater,
Sykes & Heckler of New York
City.
well, Marshall, Trimble & Mitch¬
ell, of New York City.
J
City.
North
Greensburgh Union
Hempstead Union Free Sch.
Dist. No. 11 (P. O. Carle
Place), N. Y. ~
Free Sch. Dist.
No. 3 (P.O. D^bbs
Ferry), N. Y.
Bond Sale—The $70,000
school
reconstruction bonds offered
Bond
>
15—v.
Sept.
168,
p.
1094—were award-
fed to R. D. White & Co., of New
York, as 2j60s, at a price of 100.293,
a
basis
of
about
2 554%.
Sept. 1, 1948, and due
on
Dated
Sept. 1
of
Va
Sale
—
The
$1,250,000
v.
168, p. 994—were awarded to
Schwamm & Co., of New
York, as
3s, at a price of 100.66, a basis of
about 2.94%. The bonds are dated
Oct. 1, 1948 and mature on
Oct.
1 from 1949 to 1978
inclusive. Sec¬
I
and
&
Co.,
j
by
f
A- G. Becker &
Oct.
on
Co., of Detroit, as 2V2s, at a price
100.803, a basis of about 2.425%;
Dated .Oct.
1, 1948 and due on
of
Jan. 1 from 1951 to 1968 incl.
Sec^
ond high bid of 100.159 for
$1,125,-
000
2y4s and $875,000
net cost of
&
offering 100.279
23/4s,
or.
a
made by a
was
#
OHJOr
Clinton County (P.Q.'
OHIO '
^
Sale—The $257,000 bonds
sewer
Bond
Election
Wilmington)#
-
....
.
•
Sept. 1 from 1950
no
1967 inclusive, and
$60,000
2%s, due on Sept. 1 from 1968
_
site bonds offered
Sept. 16—v. 168;
995 — were awarded to the
Northern Trust Co., of
,to 1973 inclusive.
22,000
equipment
bonds
All of the bonds
■
price of 100.459, a basis of about
2.186%. Dated Oct. 1, 1948 and due
$15,000 on April 1 and Oct. 1 from
are
1950 to
1952
inclusive and $14,000
Oct 1 from 1953
to 1967 inclusive. Second
high bid'
of 101.60 for 2%s was
made by
the Union Securities
Corp; and
Laidlaw & Co., in joint account.
1
April 1
on
dated Sept.
'
1, 1948.
Braun, Bosworth & Co.,- Inc.,"
Toledo, jointly, as 2y4s, at a
of
were
sold as 2%s.
Due on Sept.
from 1949 to 1958
inclusive.
Chicago,
and
1, 1968.
!
•
p
35,000 street improvement bonds:
for $33,000
2y2s, due on Sept.
1 from 1950 to 1967 inclusive,
and $2,000
23/4S, due on Sept.
;
—
Cuyahoga County (P.O.
Cleveland), Ohio " ' * ' •
Bond Sale—The
$510,000 airport
bonds: for $140,000
•
2y2s, due
Washburn,
2.55%,
syndicate headed by the Northern
Trust" Cd.f of Chicago.
The proposed
offered Sept: 14-~v. 168, p. 1095—
issuance of $300,000
county coli¬
were awarded to the
First; Secur¬ seum construction
bonds will be
ities Corp., of Durham, at a
price submitted to the'
voters" at the
of 100.064, a net interest
cost of
general election on Nov. 2. ;
about
2.592%, as follows:
15, 1948.
Reed, Hoyt
Co., both of
of
Chapel Hill; N. C.
Bond
of
New York City.
Second highest
Greensboro, N. C.
bidder was Geo. B. Gibbons &
Co.,
Bond
Sale
The $1,000,000
Inc.,
offering
100.34
for
2Yz% bonds offered on
Sept. 14—v. 168,
bonds.
and
—
1094—were
p.
Sodus
Rural
Water
Dist.
No.
994
—
Corp., of Durham,
Byrne & Phelps, of New York,
joint account, at a price of
100.062, a net interest cost of
&
Cross,
about
Sept. 9—v. 168,
on
awarded
were
of
to
Securities
an
and
1 from 1951
to
1965
offer
New
•„
or
the
purchase
000
Sept
$75,000
registered
Dated
1,
1948.
and interest
(A-O) payable at the
& Trust Co., Mer¬
chants Branch, Elmira.^ A certi¬
Elmira
fied
Bank
check
for
order of the
$1,500, payable to
District, is required*
Legality to be approved by Van¬
dewater, Sykes & Heckler of New
Co.
168, p. 1095 — were awarded
to the First Securities
Corp., of
Durham, at a price of 100.068, a
—v.
as.
interest cost of
both
of
New
York,
jointly,-
as
price of 100.339, a basis
of about 2 557%. Sale consisted
of:
a
Due Oct.
1 from 1949 to
1968, inclusive.
13,000 fire apparatus bonds: Due
on
Oct.
1
inclusive.
from
to
1953,
Due
on
April 1 from
1-1969 to 1976, inclusive.
'
24,000 4V4S. Due
;
on
]
April 1 from
1977 to 1986, inclusive.
are
Bond
to
pass
on
the
are
;
dated Oct.
Second high bid of 100.34
-
u:.v
/.pi#4"
issuance
-
,
Lawrence
Bond •;
Clerk
r
,
/
1
-
/
-
.
County (P.O.
: S^Ohio
;
'
'
*.
fronton),
Offertng/^-fe#x;;FU|iei; •"'
of
the
Board
Commissioners, will
of
County
receive sealed
!
until
neon
(EST) oil Oct. 4 '
for the purchase of
$480,000 2lk%
hospital bonds. Dated Oct. 1, 1948.- •
Denomination $1,000.
Due Oct. 1,_
as
follows: $18,000 from 1949 to 1958 inclusive and
$20,000 from
1959
to
1973 inclusive. •' Interest
A certified check for
$4,800
payable to order of the Board of
A.-O.-
Commissioners, is required.
'y/,
!
*.
Lockland, Ohio
^
<>■>
;
«
:,"y
V"
»
j/
Bond
Sale Postponed—The sale
issue of $25,000 water
works,
park and playground
of
an
inally scheduled
for
;
bonds, origSept. 27—v.
;
.
168^ p. 1094—has been poistjponed;
»
New
dated Oct.
Boston, Ohio
Offering;—James E. McCity Auditor, will receive
Bond
Coy,
Washington,
>
V
the
1951 to
1962, inclusive.
9,000 4s. Due on April 1 from
1963 to 1968, inclusive.
15,000 4V2S, Due on April 1 from
^
—
N. C. Sale—The $485,000 water
and
sewer
—v.
sealed
bids
until
noon".(EST)
Oct. 4 for the purchase of
not to exceed 4% interest
;
on
$30,000"
168, p. 1095—wire awarded to
bonds offered
Sept. 14
refund¬
ing bonds.' Dated Aug. :1, 1948.r '
the
First
Securities
Corp.,
of Denomination $1,000. Due $10,000
"
Durham, and Byrne & Phelps, on Nov. 1 from 1959 to 1961
in-"
Inc., of New York, in- joint ac¬ elusive.
Principal
and "interest
'
count, at a price of 100.057, a net (M-N) payable at the
City Treas¬
interest cost of about 2.79%, as urer's
office.; A certified check
follows:
fpr, 1 % of. the bonds bid for 1^/
•'
•
.
;;■//
All of the bonds
1, 1948.
1949
:
about 4.33%,
follows:
$12,000 5s.
.
bids
Macclesfield; N. C.
net
asked
'
•
At the general
Nov. 2 the voters will
on
tion bonds.
of
Ripley &
& Co.,'
Election
'
.
following- bondstotaling-^
$750,000; $500,000 se w e r, and ;•
$250,000 police station- construe- *.
account
an
of-Harriman
1094—were awarded to Francis I. / ;A11 of the bonds
duPont & Co., and Tilney & Co., 1, 1943.
2.60s. at
by
\ Bond Sale—The $60,000 water
and lsew0r bonds offered Sept. 14
(P.O.
Hempstead), N. Y. '
Bond Sale—The
$173,000 bonds
offered
on
Sept. 15—v. 168, p.
net interest cost
Alex. Brown & Sons, Braun, BosCo.,: and Paul H. Fred¬
erick &
York City.
Uniondale Fire District
a
made
worth &
De¬
nomination $1,000.
Due $5,000 on
Oct. 1 from 1949 to 1963
inclusive.
Bidder to name a
single rate of
interest, expressed in a multiple
of Va or 1/10 of
1%.
Principal
or
composed
interest coupon
school
building-
Oct.
be
.
Co:," Inc., Smith, Barney
exceed 5%
bonds.
2%s,
v.
Euclid, Ohio
(Bond
election,
of
i;
#
payable J-J.
$205,000 2y2s, due
April 1 from 1951 to 1965
incl.,- and $275,000 2%s, due
on April • 1 from. 1966 to 1976
2.83 %7 Was
on
of
1, 1950 to 1989; bonds maturing on
1, 1968, callable on
and after
July 1, 1967.
Interest"
and after Jan.
(
Second high bid of 100.003 for
$60,000 6s-, $315,000 3s, and $625,-
District Clerk, will receive
sealed
bids until 2 p.m.
for
April
inclusive,
on
Southport Common School District
No. 3 (P.O.
Elmira), N. Y.'-iBond Offering—Roy E.
Berger,
22
bonds:
on
bonds: for
inclusive.
not to
sewer
$350,000
2%s,
due
on
April 1 from 1966 to 1983 incl.
480,000
general
improvement
York. '
(DST)
by the Provident Savings
Trust Co., of
Cincinnati,,
associates, as 3V2S, at a-price
of 100.808, a basis of.about
3.43%..!
Dated July 1, 1948. Due from
Jan.,.
&
and
and
by the
Corp.,
chased
Bank
follows:
as
for $170,000 2y2s, due
;
York, as
2%s, at a price of 100.33, a basis
of about 2.47%.
Dated Sept. 15,
1948.
Due from Sept.
15, 1949 to
1978, inclusive.
Interest payable
Union
2.695%,
$520,000 water
Roose¬
New
M-S. Second best bid was
of 100.05 for
2.60s, made
Dennison, Ohio
Sale—The $375,000 water
works bonds, offered for sale on.
Sept. 8—v. 168, p. 794—were pur¬
Bond
the
in
registered water system bonds
offered for sale
p.
to
and
Sodus), N. Y.
Bond Sale—The
$152,000 coupon
or
awarded
First Securities
1
(P.O.
-
-
.
.
-
J.
bonds
■
;;;//
building bonds offered Sept. 15— $160,000 building bonds.
4:1
tile-Commerce Bank & Trust Co., '
of St. Louis; Central
Republic Co.,
Dist.
NORTH CAROLINA
$200,000
Due on Oct.
15, as follows:' $4,000 in 1949 to
1967, and $2,000 in 1968.
Interest
payable A-O,
Legality approved
velt
National
$600,000: The Marine Midland
Trust Company of New York.
$540,000:
White
;
expressed in a
of 1%.
Interest
Sept. 9 to Roosevelt & Cross,
York, as 2.40s, at a price
100.46, a basis of about 2.35%.
on
or
Heckler, of New York City, will
D.
Inc.
New
at such other place Company.
as may be
$1,500,000: Corn Exchange Bank
agreed with the pur¬
chaser, about Oct. 13. The approv-1 Trust Company.
$1,080,000: Bank of New York
ing opinion of Vandewater, Sykes
York, N. Y.,
interest,
New York
and ; Dated
of the
payable at the Chemical Bank
.
for <2.70 % bonds.
Sale—An issue of $78,000
construction bonds were/awarded
of
Trust Company.
$3,216,000: Chemical Bank
Company.
,-.i
& Trust
will
2
of New
Trust
Principal and inter¬
until
Bond
and
$1,000.
Dated Sept. 1, 1948. Due on.
Sept.
1, as follows; $40,000 in 1949 to
1953; $45,000 in 1954 to 1958; $50,000, 1959 to 1962; $55,000, 1963 to
1967, and $60,000 in 1968 to 1978,
all inclusive.
of
Company.
$3,720,000: Central Hanover Bank
5%,
Denom.>
for sale
p.
a
Chicago; Milwaukee Co., of Mil¬
waukee, and McDonald-Moore &
Sept. 9—
building
p.m.
Treasurer,
bids
Scipio, Venice & Ledyard Central
Sch. Dist. No. 4 (P.O.
Aurora),
untilf4
Interest rate is not to exceed
1948 offered
i
The $2,000,000
on Sept. 15
895—were awarded to
syndicate composed of C.> F.
Childs & Co., of Chicago; Mercan¬
168,
—v.
to
$7,620,000: Guaranty Trust Com¬
p.m.'
(DST) on Sept. 22, by Arthur E. pany of New York.
$4,104,000: Bankers Trust Com¬
Warren, District Clerk, for the
purchase of $1,560,000 coupon or pany. $3,900,000: Manufacturers Trust
registered building of 1948 bonds.
will
School
—
building, bonds offered
by
Co., of New
Common
registered
or
Legality to be approved by
Walter & Giacobbe of
Worcester,
N. Y.
' ■ ;
York.
made
was
&
(P.O. Niagara Falls), N. Y.
Bond Sale—The
$47,000 coupon
A-O.
Bank of the
No. 1 (Town and City of
>
;
Canandaigua), N. Y.
Bond
Offering — Sealed bids
#
.1.60s
Sale
on
multiple
$10,884,000: The Chase National
City of New York.
$9,276,000: The National City
Canandaigua Union Free Sch. Dist.
for
Wheat field
single
rate
New York
from
Fargo School District, N. Dak.
No. 2
building bonds. Dated Oct. 1, 1948.
Denomination $1,000.
Due $1,000
on Oct. 1 from 1949 to 1958
inclu¬
sive.
Bidder to name a
porary financing. Forty million is
to be payable on Oct. 27 and
$20
re¬
1
to
..Bond
York.
Sept. 30 for the pur¬
chase of $10,000 not to exceed 5%
interest
coupon
or
registered
anticipated notes of
"
of
sealed
(EST)
& •Trust-Co., Albany.
A ! 1948-1949, dated-Sept. 13, 1948.
certified check for $5,000, payable j The money is to be used for tem¬
order
100.334
Bacon, Stevenson
coupon
Dated Oct. 1, 1948.
Village
receive
Bank
to
interest
about 1.498%. Dated
April 1, 1948
due on April. 1 from 1949 to
1958 inclusive. Second
high bid of
terest (A-O) payable at the Se¬
curity Trust Co. of Rochester, in v., 168, p. 995—were awarded to
Roosevelt & Cross, of New
York,
Fairport.; A certified - check for
as
2.60s,* at a price of 100.44, a
$400, payable to order of the Dis¬
basis of about 2.55%. Dated
Aug.
trict, is required.
1, 1948. Due from Feb. 1, 1950 to
Schenevus, N. Y.
' v
1968, inclusive. < Interest payable
Bond
Offering — Charles
E. F-A. Next highest bidder
was R.
Oct.
York, N* Y.
Sold—City Comptroller
Anril
on
,
and
est, expressed in a multiple of V4
1/10 of 1%. Principal and inr
1963
S#;.
dated
1961
April 1 from J
on
inclusive.I
1969, inclusive.
250,000 2%s. Due on April 1 from
Watertown, N. Y.
Bond Sale—The $76,000
airport | ; .1970 to 1982, inclusive.
bonds offered Sept. 15—v.
- All
of the bonds are dated Oct.
168, p.
1094—were awarded to C. J. De<r
1, 1948..
>
vine & Co., of New
York, as l^s,
NORTH DAKOTA
at a price of
/
!
100.01, a basis of
1
or
are
Due
-'1951 to 1960,
155,000 3s. Due
York, jointly.
Denom. $4,000. Due $4,000 on Oct.
1 from 1949 to 1953 inclusive. Bid¬
der to name a single rate of inter¬
New
a
2^%
school bonds.
on
jointly.
to
name
•>
All of the bonds
inclusive;
1963
exceed
1, 1948. Second high bid of 100.078
for 2s was made by Harriman
Rip¬
ley & Co., Inc., and Smith, Bar¬
ney & Co., both of New York,
Sept. 1, 1948.
Denomination $1,000.
Due Sept. 1, as follows:
$11,$15,000 from
Penfield Central Sch. Dist* No.
Oct. 1 from 1949 to 1953 incl.
;'
$80,000 2V2s.
.
of
from
155,000 equipment bonds. Due
p.m.
chase of $250,000 not to exceed 5%
interest
First
458,000 incinerator bonds.
for the pur¬
£->:: on Oct. 1 from 1949 to
Sept. 22
on
2
the
Monday, September 20, 1948
for 2.90s was made by Chas. E.
Weigold & Co., and George B.
Gibbons & Co., Inc., both of New
Michigan Corp., and Hornblower
(P. O. Penfield), N. Y.
& Weeks, both of New
Bond Offering — Ora G. RothYork, in
joint account, as 2s, at a price of fuss, President of the Board of
100.17, a basis of about 1.98%. Education, will receive sealed bids
Sale consisted Of: * until 10 a.m. (DST) on Sept. 20
$128,000 -highway
improvement for the purchase of $20,000 not to
—
bids
to
CHRONICLE
B. Gibbons & Co., Inc.,
Chas. E. Weigold & Co., Bacon,
Stevenson & Co., E. H. Rollins &
Sons, B. J. Van Ingen & Co., and
Hannahs, Ballin & Lee.
Vernon, N. Y.
awarded
were
FINANCIAL
George
Bond Sale—The $741,000 bonds
offered Sept. 14—v. 168, p. 994—
Willsey S.
Sherwin, District Clerk, will re¬
ceive
made
Mount
&
ond high bid of 100.41 for 3s was
made
by a group composed of
ond
Y. $
N.
COMMERCIAL
•••
i
Volume 168
Number 4735
THE
Legality
to ' be ' ap¬
proved by Peck, Shaffer & Wil¬
liams of Cincinnati.
Parma
(P.O.
payable
sealed
(DST)
6611
tenders
until
noon
Election
of
bonds will
The
—
$375,000
come
Saltcreek
Box
to rate
as
an
may
or
select
legal firm
for
the
Board
of
Oct.
on
4
nett,
bonds.
Dated
bring-
question
the
1952.
the
to
in
multiples of
are
Klamath County
on
bonds will
Sept.
10
Commission, at
State
bonds have
been taken under the supervision
of Squire, Sanders &
general
sewer
Dempsey, of
Cleveland, whose approving opin¬
ion and the printed bonds will be
furnished by the Board of Edu¬
obligation drainage
system bonds were
chased
on
National
Sept.
Bank
7
by
the
Ben¬
re¬
2%
coupon general
taxes)
present
any
obliga^
sold
to
The
charge
the
Churchill
receive
opinion
Ruffin,
burgh, that the bonds
bonds
of
Second
Board's
bid
made
of the
of
by
of
$78,000
100.886
for
Pitts¬
given
general
obligations of the
County payable from ad valorem
par,
as
Bond Sale Details—The District
on
Oct.
1
from
1952
to
Clerk
made
by
1954 incl.
purchased at par, divided
'
proposal
Medford, Ore.
issue
mitted to the voters at the
general
election pti Nbw %.
-
Bond
.
Sale
—
The City Clerk
states that bonds totaling
$202,000
were purchased on
Aug 26, by the
United States National
Bank, of
aa. fol¬
Sale—The $375,000 water
Bond
Portland, at par, divided
lows:
.
awarded to the Provident
$100,000 trunk
.
1959
Dated July 1, 1948. Due from Jan.
1950 to 1989; callable on and
after July 1, 1967. Interest
^
pay¬
,
School
District
(P.O.Zanesville), Ohio
?*.
Bond
Election—At
election
the
pass on the
general
proposed issuance of
$2,775,000 construction bonds.
QKLAHOMA
Enid, Okla.
Clint O. Thrasher, City
Clerk, that the offering of the
$2,000,000 Series A water works
bonds, which had been scheduled
for. Sept. 17—v. 168, p. 995—has
been postponed to Sept. 23. Dated
Oct.
1,
1,
bonds
will
be
sold
to
lowest
the
connection
those
.
rate
6%.
thorized
17.
These
at
the
bonds
were
election
Principal
..
and-
held
au¬
on
interest
Lynch, E. H. Rollins & Sons,
Fauset, Steele & Co., all of
Pittsburgh, as 2V2S, at a price of
100.601, a basis of about 2.445%.
Dated Oct. 1, 1948 and due on Oct.
1 from 1950 to 1974 inclusive. Sec¬
the
1957
to
1959
as
Information
with
the
—
sale
sewage
of
In
the
disposal
bonds
were
sold
at par,
follows: $180,000 as 3s,
due $20,000 from
Aug. 15, 1950 to
Hazle Twp. (Pi 0, Hazleton), Pa*
Bond
Offering
—
Sealed bids
PENNSYLVANIA
from
Oct.
Oct.
sive.
All,
or
1948.
Due $5,000
1950 to 1956, inclu¬
from time to time
in the inverse numerical order of
maturity,
of
any,
the
bonds
are
callable for redemption at the
op¬
of the
Township at par and
interest
on
paying date.
Rate
the
named
by
interest
any
of interest
bidder
Bond
Abington), Pci,
Offering
O
ceive
J2.
Raymond
Ambler, Township Secretary, will
—
receive sealed bids until 7.30
p.m.
(EST) oh Oct. 1 for the purchase
of $350,000
coupon
sewer
bonds.
Dated Oct. 1, 1948. Denom.
$1,000.
Due Oct. 1, as follows:
$110,000 in
sealed
Hampton A.
—
bids
until
Sept.
re¬
22
for the purchase of
$65,000 coupon
building bonds.
Dated
Oct.
1,
1948.
Denomination
$1,000.
Due
Nisland, S. Dak.
ders
bonds
aggregating $12,500:
$8,500
sewer
I
in
multiples of Vs of 1%.
Registerable as to principal only.
ferent
rateg
acceptable.
of
interest
will
be
bonds.
Due
Sept.
1963.
par
and
accrued
interest.
$500
from Sept.
1957, inclusive.
;
Dated Sept.
payable M-S.
unconditional.
than
The
highest responsible bidder shall be
the
one
who, having complied
with the conditions of sale, offers
to take the whole amount of the
issue. at the lowest interest cost
the
municipality, which shall
be determined by
paid
on
account
1,
1,
Due
1950
to
such
bonds
during the life thereof, the amount
of premium
offered, if
any,
over
and above the face amount of the
issue.
payable
These
from
obligations will be
ad
valorem
taxes
to date.
up
An index
started
was
showing
the" present owners in
possession, as well as the assessed
owners, of
delinquent property. A
installed for notify¬
ing property owners of any delin¬
system
was
quencies.
The
City bore
part
a
of the stationery and postage ex¬
bonds
1948.
Interest
bids must be
All
ly,
as
1967
offered
2%s.
due
$240,000 school
Sept. 3—v. 168, p.
on
Dated
Aug.
Aug.
joint¬
1, 1948
1 from 1950
Sale
—
The
Merchants
State
168,
Bank,
Scotland, the only bidder,
a
City and County.
tax books went
name
of the
Back onto the
property the
rec¬
ords of which had been lost.
.
"But actual income is the bar¬
ometer for the
of the
success
new
policy.
During the fiscal year*
$267,756.33 in
delinquent taxes
collected.
of
crease
This
was
$112,376.24,
an
in¬
64%
or
the year before."
over
Lincoln County (P.O. Fayetteville),
Tennessee
'
Bond Sale—The $100,000 bridge
bonds offered on Sept. 15—v. 168,
7.95—were
p.
awarded
price of
2s, at
to
1958
J.
a basis
Aug. 1,
Aug. 1 from 1949
1.945%.
on
>
inclusive.
Bond
bonds
Dated
w
Little
at
a
,
_»
Sale—The
$75,000 school
Sept. 13—v. 168,
offered
896—were
p.
G.
price of 100.301,
a
about
of
to
of Nashville, as
awarded
to
C.
H.
&
Co., of Jackson, as 3V2S,
price of 101.366, a basis of
about 3.374%.
Dated July 1, 1948,
due on July 1 from 1951 to
1968, inclusive. v"
:
and
Tennessee (State of)
by Governor Jim McCord that he
p.
1095—were awarded to the Farm¬
at
the titles taken in the
will
$16,000 water
bonds offered Sept. 13—v.
&
d u c t i v e
delinquent property.
Many parcels were purchased and
Bond Offering—It is announced
Scotland, S. Dak.
ers
reaped richer har¬
vests.
Revenues were added from
the collection of rentals on
pro-
to
inclusive.
Bond
sus¬
effort
Sparta, Tenn.
896—were awarded to the First
National Bank and the Pierre Na¬
tional Bank,.both of Pierre,
and
The fresh start and the
ergy.
1948 and due
Bond Sale—The
deducting from
of
attorney's office.
The
posting of tax book entries, eigh¬
teen months
behind, was brought
Bradford & Co.,
4,000 fire protection bonds.
sold to the Pierre Independent School District,
South Dakota
bidder," pro¬
less
expense two full-time
part-time workers in the
tax
,
on
The bonds will be
highest responsible
vided, such bid is not
were
'
1, as follows: $500 in 1950 to
1960, and $1,000 in 1961 to
to
Bids will be received for the en¬
tire issue at any one rate of inter¬
est, but no bid combining two dif¬
back
were
Bond Offering—Bids will be re¬
ceived) until Sept. 23, by Mrs. R.
Langdon, Town Treasurer, for the
purchase
of
the
following 3%
the total amount of interest to be
;
Offering
Pullis, District Secretary, will
bid¬
or
attorneys
own
one
tained
Spring
tion
accrued
tax
guarantees
which, together with all
for $500, payable to order
back tax personnel salaries, cus¬
District, is required. Legal¬ tomarily had been paid
by the at¬
ity to be approved by Burgwin,
torney. The collecting processes
Churchill & Ruffin, of
Pittsburgh. were pursued with vigor and en¬
1,
1,
.
back
check
$1,00Q.
Dated
de¬
and
pense
Oct.
1, as follows: $3,000 from
be
received
until 7 p.m.
(DST), on Sept. 21 by Nicholas 1949 to 1963 inclusive and $4,000
Martino, Township Secretary, for frw 1964 to 196$ inclusive.
the
purchase of $35,000 coupon
SOUTH DAKOTA
sewer
bonds.
Denom.
to
Abington Township (P.
from
at its
and
A certified
will
as
1958; $120,000 as 2V2S, due $20,000
from Aug. 15', 1959 to
1964, and
the remaining
$100,000 as 2%s,
due $20,000 from
Aug. 15, 1965 to
1969.
Dated
Aug. 15, 1948. In¬
terest payable F-A.
Bond
high bid of 100.569 for 2V4S
made by Halsey, Stuart & Co,
$3,000
of
paving
of the
,
bonds to the United States Na¬
tional Bank, of Portland—v.
168,
p. 995—the City Clerk now states
bidder
interest
the bonds will bear. Split
coupon
rates may be bid, but the interest
rate on any maturity cannot ex¬
Aug.
.
$400,000 Series B
as
offering the
ceed
2V4S, and
1948.
Denom. $1,000. Due
follows: $87,000 in 1951
to 1972, and $86,000 in 1973. The
ard &
and
property,
compromises should be made ex¬
cept those required by law.
The
City broke tradition by employing
Township School District
(P.O. Box 126, West Lawn), Pa.
of Singer,
Moore, Leon¬
and
inclusive;
1954 to 1958 inclusive.
to a group composed
Deane & Scribner,
be
2V2S.
that
Bond Offering Postponed—It is
as
.maturing in
divided
■
staled by
Oct.
1956
Additional
Nov. 2, the voters will
on
as
102,000 library bonds, with bonds
maturing in 1950 to 1954 as
2y2s, those maturing in 1955
and
City
maturing
1960 to 1967
able J—J.
Zanesville
bonds, with
in 105Q> to
3s, those maturing in
as 23/4s, and those
maturing in 1968 and 1969 as
3s,
Savings
Bank & Trust Co*, of Cincinnati,
and associates, as
3^8,. at a price
of 100.60, a basis of about 8.10%.
bonds
sewer
1953
obligation bonds offered Sept
168, p. 795—were awardec
13—v.
was
Uhrichsville, Ohio
works{.bonds offered for sale on
Sept. 8 — y. 168,; p. 794 — were
eral
ond
to
$1,478,000 construction and
improvement bonds will be sub¬
fol¬
$11,000 as 2%s, due $1,000
April 1, 1949 to 1959; the
remaining $4,000 as-3s, due $1,000
on
April 1, in 1960 to 1963. In¬
terest payable A-O.
from
Sidney City School District (P.O*
Election—A
as
lows:
Kayden, Miller &
Sidney), Ohio
the
$15,000
building bonds sold to the Chas.
Tripp Co., of Portland, were
Co., of Cleveland.
Bond
that
N.
Second high bid of 100.172 for l%s
was
reports
April
that the Board
would back up their efforts at col¬
lection.
It was decided that no
debtors should be left off and no
Bond Sale—The issue of
$45,000
building bonds offered Sept. 14
—v.
168. p. 896—was awarded to
.
tp the Cleveland Trust
of Cleveland, as 1 %s, at a
price of 100.294, a basis of about
1.69%. Dated Sept. 1, 1948 and due
report
from
took
follows:
Mount Union, Pa.
valid
-
Co.,
is
the
personalty estate taxes. In this re¬
spect, we quote from the report as
"The
taxes
awarded
it
linquent
group com¬
Boston Corp.;
First
"
s
annual
period
when
a
levied on all the taxable
Portland, at a
S.
K.
Cunningham,
&
Co.,
of
divided as follows: real property within the
County
Pittsburgh, as 2%s, at a price of
2V2S, due from Sept. 1„ without
limitation
of
cation, at; its; own expense^ Ehrate
or
100.265.
Second
1953 to I960; the
high
bid
of
Enclose
) close a
a
remaining $22,- amount.
certified check or bond for
certified, 100.30 for 3s was
made hy Singer,
000. as 3s, due on Sept. 1, in 1961 cashier's or
$125, payable to the Clerk-Treas¬
treasurer^ chqck for Deane &
and
1962.
Scribner, of Pittsburgh.
Dated
Sept. 1, 1948. $6,000, payable to the
urer Board of Education.
County.
Principal and interest (M-S) pay¬
Sharpsburg School District, Pa.
Blakely, School District, Pq.
Shaker Heights, Ohio
able at the office of the
County
Bon d
Offering — A. Lillian
Bonds Sold—»An issue of
Bon<TElection—An issue of $1,- Treasurer, or at the fiscal agency
$70,000
Paese, District Secretary, will re-,
school bonds was sold on
000,000- sewer bonds will be sub¬ of the State in New York
Aug. 18 ceive sealed
City.
bids until 8
! to the First National
p.m.
mitted to the voters for approval Legality approved
Bank of
by Winfree,
(EST) on Sept. 29 for the pur¬
jat the .general election on Nov. 2. McCulloch,
Shuler & Sayre, of Peck vine,, as 2 Vzst .at a price of
chase -of $25,000 coupon
general
Portland.
Bond $ale — The
par^^ated Sept. 1, 1948.
$120,000 2%
obligation bonds.
Dated Nov. 1,
series R refunding bonds offered
Marion County Union High School
1948. Denom. $1,000. Due Nov. 1,
Etna, Pa.
Sept 13 — v. 168, p. 995 — were
as
Dist. No. 1 (P.O. Gervais), Ore,
follows: $2,000 from 1949 to
Bond Sale — The
$250,000 gen-?
price
operation
collection
high
was
posed
the
Blair & Co., Inc., and E. H. Rollins
& Sons, i '
'
and
pur¬
First
of
economy
previously in evidence,
graphically
illustrated
in
Sale—The $350,000 gen¬
obligation bonds offered on
2V2S
Burgwin,
are
and
ency
;
covering
14, 1947,
office, to June 39,
Sept.
15—v.
168,
p.
996—were 1948, the end of the
city's fiscal
awarded to a group composed of affair.
Through pictures and text,
Stroud & Co., and Dolphin & Co., the
report shows the many inno¬
both
of
Philadelphia;
Singer, vations introduced by the Board
Deane & Scribner, of
Pittsburgh; in modernizing the previously
Janney & Co., of Philadelphia, outmoded methods of
operation
and
Fauset,
Steele
&
Co., of in the various city departments.
Pittsburgh, as 2V2S, at a price of The practical and beneficial
re¬
101.09, a basis of about 2.213%. sults
flowing from the Board's ac¬
Dated Oct. 1, 1948 and due on Oct.
tivities are clearly documented in
1
from 1949
to
1963, inclusive. the report.
To cite one example,
Bonds due in 1954 and thereafter
here, reference is made to the
are
callable, at par and accrued Board's
accomplishments in pur¬
interest, on Oct. 1, 1953, or an any suing an
energetic policy with
subsequent interest payment date. respect to the
without
of
and
amount.
Bond
the
will
assistance of
ap¬
been
County Institution
(P.O. Scranton), Pa.
Dist.
eral
pursuant
future law of
be
by Mayor Hugh P. Was-
son, with the capable
the
have
thereof
of the face
V
levied
or
Commonwealth.
purchaser
of
authorizing
Commissioners,
neaded
after
—
not
Internal Affairs of the Common¬
No bid for less than all
of the bonds will be
accepted. The
and
and
Lackawanna
wealth.
Bond Sale-^-lt is stated
by the
Attorney for the City that $100,000
looking to
the
C.
highest re¬
sponsible bidder, subject to the
approval of the authorizing
pro¬
ceedings by the Department of
-
proceedings
if
Illustrates
City Comptroller D. E.
Geer, in
the
functions
of In¬ streamlining
of
ternal Affairs.
Enclose a certified municipal government and there¬
cashier's or treasurer's check for by achieving a degree of effici¬
bonds.
will
price of 98.28.
only
Report
Streamlined
Government
The
remarkable progress made
by the
present Board of
opinion
purchaser
the
without deduction for
any taxes
(except gift, succession or in¬
Bond
Lebanon, Ore.
Annual
issued subject to
of Town-
are
favorable
the
bids
the
the
a
Offering—Ralph
sealed
heritance
(P. O. Klamath
to
the
the
Registerable as to principal
only.
Principal and interest are payable
m
En¬
notes,
fering the lowest interest rate at
not less than par and accrued in¬
terest. The proceedings
of
bid.
Note Sale—An issue of
$100,000
due in one year, was sold
of
be sold to the highest bidder of¬
issuance
bid1
a
Falls), Ore*
payable from
unlimited tax. The
of
OREGON
payable at the Commercial &
Bank, Millersburg. Bid¬
ders may bid for a different rate
bonds
a
serious
premium bid
another
of
TENNESSEE
Chattanooga, Tenn.
-
The bonds
bonds
order
issuance
$300,000
to
Principal and inter¬
Savings
interest
the
close a certified or cashier's check
for 2% of the bid.
1,
est
1%. The
to
the
this class.
Dated Oct. 1,.. 1948.
Denom. $1,000. Due Oct.
1, as fol¬
lows: $35,000 in 1950 to
1955, and
$30,000 in 1956 to 1958. Each bid
shall specify in a
multiple of
of 1% a
single rate of interest
which
the
bonds
are
to
bear.
up
a
status
relationship
1948.
M-N. .Due $4,000 Nov. 1,
1950 to
where
changed
construc¬
Oct.
sold
within the taxing limitations im¬
posed by law upon
Townships of
a
until 10 a.m.
(EST) on Oct. 6 for the purchase
cautioned that
be
of
to
County Controller, will
ceive
bidder offering "the lowest in¬
terest rate the bonds shall bear."
This
could
until
for
shall
name
County (P.O. Beaver), Pa. proved by the Department
-Bond
general recognized
market attorney. The
tioix
bonds
check for 2%
Beaver
Oklahoma law does, not rec¬
ognize "premiums" and provides
V
to
delphia.'; >•'
a
are
1951
send, Elliott & Munson, of Phila¬
the
at
Education,
purchase of $12,000 3 %
Interest
;
principal and in¬
annual ad valorem
of
that
bids
CHRONICLE
Township Treasurer,- is required. send, Elliott & Munson, of Phila¬
Legality to be approved by Town- delphia, and will be delivered to
pay¬
amount. The bidders
as
from
Bidder to
for, payable
der. All bidders
(P.O.
Mt. Hope), Ohio
Offering—Helen E. Fry,
(EST)
p.m.
tion
vote
a
Nov. 2.
on
receivesealed
the
are
bid
attorney is to be paid by the bid¬
proposed
Local School Dist.
of
will
an
to
as
$80,000
inclusive.
tified
levy, levied against all taxable
property in the City without limit
10,
Bond
Clerk
of
or
tax
construction
up
the general election
FINANCIAL
single rate of interest, expressed
in a multiple of Vs of
1%. A cer¬
Clinton, School District (P.O. fee or other expense incident to
Port Clinton)., Ohio <
securing the opinion of the market
Bond
&
and
1953
agency at, New
in
event
such
City. These bonds
terest from
Septr20 for the pur¬
refunding bonds, dated
issuance
7
1950^
then at
Trust Co.,. New
able both
.
:
National
Co., Oklahoma City,
fiscal
City,
York
Oct. 1, 1936.
Bonds will be pur¬
chased at the lowest price offered
td the extent of about
$50,000. '
Pert
the
First
agency is discontinued,
the Manufacturers
on
of
at
or
York
—
chase
at," the
-
Bank & Trust
Ridge Road^
Cleveland 9), Ohio
Tenders Wanted
Josephine
Baker, 'City Treasurer, ;• will re¬
ceive
COMMERCIAL
(1195)...... 59
required..
par.
as
Dated Sept.
1948 and due in 10
years.
receive
sealed
a.m.
(CST),
on
1,
until
11
purchase
of the following bonds
aggregating $12,000,000:
;
^ "
of $4,500,000
2s,
bids
Sept. 29, for the
educational
ment bonds.
Due
improve¬
on
Oct. 15,
1950.
3,500,000 charitable and penal in-
€0
(1196)
i'HE
stitutions bonds. Due
accepted and no bid at
par will
be accepted.
The statutes prescribe a maximum
bonds.
be
the premium bid from the aggre¬
bonds and legal opinion of Chap¬
than
gate amount of interest on all of
the bonds until their respective
man &
rate of 3% for the Charitable and
of Tennes¬
Due on Oct. 15,
maturities.
par
Institutions
;
Dated
and in¬
$1,000,
1948. Principal
payble at the fiscal agency
of the State in New York City,
15,
terest
the State Treasurer's office.
at
bonds contain
The
provisions for
registration as to principal
or as to both principal and
their
alone
bonds
said
interest.
All
direct
4%
Improvement
bonds;
for the Tuberculosis Hospital
bonds,
and
accordingly
higher
are
for
full
States
credit
and
faith
of
a
gasoline,
upon
the
annual
pro¬
ceeds of
volatile
•
all fees for inspection of
substances
provided
for
of the Code of
of the annual
proceeds of motor vehicle regis¬
Section 6821
by
Tennessee, one-half
•
tration fees now
•
or
hereafter
re-
quired to be paid to the State and
entire
annual
proceeds of
franchise
taxes imposed by the
trie
•
certified check
of the face amount of the
bonds bid
for, payable to the State
Treasurer.
1
said
of
all
and
..
~
.
and to share there¬
revenues
3, Public Acts of Tennessee,
1947.
All of the bonds
/ and interest payable thereon are
Chapter
«
exempt from taxation by the State
v
by any county, municipality or
any agency of the State.
- Bid¬
ders are requested to stipulate the
1
or
rate
rates
or
Va
of
tiples
interest in mul¬
of
of
Different
1%.
rates of interest may
•
be stipulated
for such
issues; but the same rate
of interest must be stipulated for
-
•
all bonds of the
issue. Bid-
for all
bid
must
ders
•>
same
issues
but
condition their bid upon the
part of
such issues.
The legality of the
bonds will be approved by Wood,
King & Dawson of New York
may
v
award to them of all or no
•
City, whose opinion will be furlushed
the
purchaser
without
charge. The bonds will be award-
*1
,
to the bidder
ed
-
offering to take
them at the lowest rate of interest
I
at
price not less than
a
/accrued
interest
livery, unless
is
a
to
and
par
date
of->de¬
bid for all issues
received which will result in
/lower interest cost to the
over
a
State
the life of all issues than any
of bids for separate
combination
'•
in
issues,
which
event
such
bid
DIVIDEND NOTICE
prescribed
bonds
will
bid
be
print¬
of the District
at the expense
ed
delivery will be made to the
National
Austin, Texas
Bond
will
Offering
received
be
—
Sealed bids
until
10
a.m.
on Oct. 7, by Guiton Mor¬
City Manager, for the pur-:
chase
of
the
following coupon
bonds
aggregating
$1,183,000:
$340,000 highway rights-of-way;
$100,000 parks, playgrounds and
recreation;: $103,000
street
im¬
provements, and $640,000 water
plant and system bonds. Denom.
$1,000. Dated Oct. 1, 1948.
The
from
date
return of such
1955.
$40,000
combination
ma¬
$42,000
1956,
in
interest will be
sidered
con¬
by the City Council. Regas to principal only. The
isterable
bonds
authorized at
special
election held on May 7, 1946. The
approving legal opinion of Wood,
King & Dawson, of New York
City, and the transcript of the
record as passed will be furnished
to
were
the
cost
to
bidder
successful
him.
a
The
City
without
will also
the cost of printing the bonds.
Delivery of the bonds will be im¬
pay
and
and
that
the
if
for
EASTERN
ASSOCIATION, Inc.
SUFFOLK DOWNS
>
<
'
-
*
.
At
Dividend Notice
gations to
bonds where¬
check will be
likewise
after
the
check, the District
the
District
The
meeting
of
the Board of Directors of
Racing
Association,
Inc.,
held
on
September
15, 1943,
a
quarterly dividend of
25c per share was declared on the Preferred
Ctock of
this Corporation payable October
1
1948 to stockholders of record
September 25
1948, and further a quarterly dividend of 25c
per
share
was
declared upon the Common
JBtock (both the No Par and the $2 Far) pay¬
able October 1, 1948 to stockholders of record
a
aw
^September
25,
1948.
r
JOHN
•'v
J
September
'
17,
1
.
1948
C.
PAPPAS,
President
have
Sept. 15, 1948.
ceive
follows:
'
•V
STATE
successful
will
bidder.
furnish
to
the
Note
will
(EST)
for
a
certified
or
cashier's check
$6*8,000, payable to the Dis-
'v'V-
Denver City,
Bonds
•
Sold
Texas.
The following
have been
pur¬
as 4s, by the Columbian
Securities Corp. of Texas, of San
Antonio: $50,000 water and sewer
$60,000
chased,
—
bonds
.
extension
bonds
and
hall
$10,000 city
Dated Aug.
building bonds.
10, 1948.
Legality approved by
Dumas, Huguenin & Boothman,
of Dallas/
Donna, Texas
issue
Chicago,
of
by M. B. Vick & Co., of
and Graham & Co., of
San Antonio, jointly, for public
subscription. Denomination $1,000.
Dated Oct. 1, 1948.
Due on Oct.
1, 1988; optional beginning as of
Oct: 1, 1949 and running up to
Oct. 1, 1986. Principal and interest
(A-O) payable at the American
National Bank, Austin.
Legality
approved by Chapman & Cutler,
of Chicago, and Dumas, Huguenin
&
a.m.
for the
28,
/
bids
11
28, 1948. Due
pur¬
School
District
No.
eral
Sept. 9
168, p. 696 — were
syndicate composed
Halsey, Stuart & Co. Inc., Leh¬
man
Bros., Kidder, Peabody &
Co., Eastman, Dillon & Co., and
15,
Due
Oct. 1
on
1950 to 1953 inclusive,
1.005,000
2V2S.
Due
;
on
from
I
Boothman, of Dallas.
are
Montreal
dated Oct.
"Washington (State of)
election
a
of
Consider
to
posal—At
the
the
Bonus
November
voters
will
Pro¬
general
consider
providing for payment
measure
bonus to World War II veter¬
a
out of the
proceeds of a $100,000,000 bond issue. Under the pro¬
ans
posal, the bonds would be retired
from
tax
the
of
proceeds
each
on
10-cent
in the State.
/ •
*
one-cent
a
tobacco
\
-.
sale
:
..
accompanied by - a
check
for
$7,000,
payable to order of the Mayor.
135,000 storm sewer bonds. Due
bid
no
multiples of % of
may
rates.
name
,
authorized
held
on
:
f $5,000, 1958 to 1967 incl.} $8,-
:
000,
1968; $9,000 in 1969 and
1970, and $8,000 from 1971 to
Principal and
..
tion
1, as follows: $3,000 in
1949; $4,000, 1950 to 1957 incl.;
more
interest payble at the Mercantile
National
Bank, v Dallas.
These
bonds are part
of a
issue,
Oct.
; at
Aug. 26,
1973
■:%,
<
$9,900,000
the
1947.
elec¬
The
incl.
A
AJ1 of the bonds
1,
certified
check
for $2,700, payable to order of
the Mayor, is required.:
; j
dated Oct.
are
1948.
bonds will be awarded to the bid¬
der offering to purchase same at
nual
Principal and semi-an¬
interest payable at the Sec¬
ond
National
the lowest interest cost to the Dis¬
Rate
or
trict, such cost to be determined
than
_
Bank
of
rates of interest
two)
by deducting the tota} amount of
[.multiple; .of
to
„
be
Houston.
(not
expressed
&„ of. J %
%
.i
more
in
a
•■///, / //•;/ :vV.are
dated Oct.
in
•
Canada
only.
be made for regis¬
can
tration
as to principal. Purchasers
required to state the net price
are
for
Vancouver
payment
and
de¬
livery of the securities. If desired,
delivery will be made elsewhere
at the
purchaser's
tified
check
for
NEW
BRUNSWICK
expense. A cer¬
$10,000, payable
to order of the City
Treasurer, is
required. \
New Brunswick (Province of).
Bonds Offered for Investment—
A
syndicate
headed
by the Do¬
Corp., Ltd., is
offering for general subscription
$6,500,000 3 Vi % coupon sinking
fund debentures at a price of 9®
and
accrued
interest,- yielding
3.35%. Denoms. $500 and $1,000.
To be dated Oct. 1, 1948.
To ma¬
ture Oct. 1, 1960. Principal and in¬
terest
(A-O) payable in lawful
money
of
Canada
in
Halifax,
Charlottetown, Saint John, Moncton, Fredericton, Montreal, To¬
ronto, Winnipeg, Regina, Calgary*
minion
Securities
Vancouver, at the option of the
or
holder.
Provision
is
-
for
made
registration as to principal. Legal
opinion of Raly, Thistle, Judson &
McTaggart.
Associated with the
above named firm in the offering
are:
E.
Wood, Gundy & Co., Ltd., A.
Ames & Co., Ltd., Eastern Se¬
curities
Co., Ltd., Bell, Gouinlock
Co., Ltd., McLeod, Young, Weir
& Co.A Ltd., Mills, Spence & Co.*
Ltd., Cochran Murray & Co., Ltd.*
&
and
--
certified
and
Provision
1
1, 1918. Optional.
Voters
in
1948.
•■'-.//•
Oct.
815;000 2%s. Due on Oct. 1 from
1963 to 1968 inclusive.
All of the bonds
$126,000
Principal and interest
(A-O); payable at the Bank of
a
Hemphill, Noyes & Co., all of New
York; Otis & Co., of Cleveland,
and Badgley, Frederick, Rogers &
Morford, Inc.; of Seattle, at a price
of par, a net interest cost of about
2.66%, as follows:
>
1965,
in
//All of the bonds
on
of
$380,000 3s.
,
$163,000 in 1973. /.
175,000 334% sinking fund bonds
v.
—
in
Due in 1968.
offered
..
1967, $136,1968, $141,000 in 1969,
$145,000 in 1970, $151,000 in
1971, $157,000 in 1972, and
000
10
Sale—The $2,200,000 gen¬
obligation'bonds
/
improve-
1966, $131,000 in
(P.O. Tacoma), Wash.
Bond
!.
•
various
Due
$122,000
:
WASHINGTON
Tacoma
on
1958.
Nov. 3, 1948.
on
p.m.
1,913,000 3%% various improve¬
ment.
Due
$97,000 in 1959,
$101,000 in 1960, $104,000 in
1961, $109,000 in 1962, $113,000
in
1963,
$117,000
in
1964,
000 Puerto Rico notes. Dated Oct.
■
$356,000 4% refund¬
ing, Series of 1948 bonds is being
offered
until
from 1954 to 1962 inclusive.
Bonds Offered for Investment—An
'
housing /authorities:
$811,000
Mayaguez, Puerto Rico; $1,940,000
Ponce, Puerto Rico, and $3,869,-
awarded to
trict/3;:j|
/v
Sept.
on
Sealed
—
received
2
$70,000 in 1949,
$73,000 in 1950, $76,000 in
1951, $77,000 in 1952, $80,000
in 1953, $83,000 in 1954, $86,000 in 1955, $89,000 in 1958, '
$92,000 in 1957, and $96,000 in
/
chase of $6,620,000 temporary loan
notes of the following local public
Heckler, of New York City. En¬
close
Offerings
be
;v.y-
3*4%
ment.
/
Public
Housing Authority
(Washington, D. C.)
bids until
'.
$822,000
-
UNITED
Federal
sealed
Sept. 21 for the purchase of $2,910,000
debentures,
divided
as
>,
purchaser the approving opinions
of the Attorney-General of Texas;
McCall, Parkhurst & Crowe of
Dallas, and Vandewater, Sykes &
$184,000 in 1961, $189,000 in 1962,
$194,000 in 1963 $200,000 in 1964,
$207,000 in 1965, $231,000 in 1966,
and $220,000 in 1967. Split interest
rate bids will be accepted but the
than/ three
Eastern
$300,000
Rupe &
Son, of Dallas, at a price of par:
$175,000
water
system
bonds;
$150,000 sewerage system bonds,
and
$75,000 street improvement
bonds. All of the bonds are dated
COLUMBIA
Vancouver, B. C.
Debenture Offering — Frank
Jones, City Comptroller, will re¬
F. J. Brennan &' Co., Ltd.
NOVA
J SCOTIA
A//
l|
]
Cape Breton County, Nova Scotim
Bonds Sold—An issue of $10,00®
bonds was awarded on Aug. 27 toWood, Gundy & Co.; of Toronto,
at a price of 100.25, a basis of
about 3.20%. Due serially on Sept.
15 from 1949 to 1958 inclusive.1
,
'
1%, and
•
BRITISH
Sold—The following 3%
aggregating
Fannin County Road Dist. No. 24
WISCONSIN
mediately after approval by the
(P. O. Bonham), Texas
Attorney General, registration by
Manitowoc County (P.O.
Bonds Sold—An issue of $60,the Comptroller and approval by
000
road' bonds has been
Manitowoc), Wis.
pur¬
Wood, King & Dawson, of New
Bond Sale—The $665,000 County
chased by C. N. Burt & Co., of
York City, at the City Treasurer's
Asylum for the Insane bonds of¬
and 3s.
Dated
office.
It is estimated that deliv¬ Dallas, as 2%s,
Aug. 15, 1948. Legality approved fered on Sept/15—v. 168, p. 796—
ery will be not later than Nov. 10,
by Dumas, Huguenin & Boothman, were awarded to a group com¬
1948.
Enclose
a
certified
or
posed of the Northern Trust Co.;
cashier's check for $23,660, payr of Dallas.
William Blair & Co., and Farwell,
able lo the City.
Griffith Park (P.O. Port Arthur),
Chapman & Co., all of Chicago, as
Texas
2s, at a price of 100.588, a basis
Dallas Indep. Sch. Dist. (P. O.
Bond Offering—Charles W. El¬ of about 1.937%. Dated Sept. 15,
;
Dallas), Texas !
lis, Mayor, will receive sealed bids 1948, and due on Sept. 15 from
Bond Offering — Sealed bids until 8 p.m. (CST) on Sept. 28 for 1949
to
1968, inclusive.
Second
will be received by Bryan Adams, the purchase of $350,000 not to
high of 100.137 for 2s was made
Secretary of the Board of Educa¬ exceed 4% interest bonds, divided by the Milwaukee Co., of Mil¬
tion, for the purchase of $3,400,- as follows:
waukee.
000
improvement,
Series
1948 $215,000
street
improvement
WYOMING
bonds, until 7.15 p.m. (CST), on
bonds. Due Oct. 1, as follows:
Sept. 28./, Interest rate is not to
Z:' $5,000 from 1949 to 1952 incl.;
Unita Cotinty (P. O.Evanston),
exceed 3%, payable M-N.'
De¬
$6,000, 1953 and 1954; $7,000.
Wyoming
" v
nomination $1,000. Dated Nov. 1, /
1955 to 1959
Bond Offering—Joseph E. Bar¬
incl.; $8,000, 1960
1948.
Due on Nov. 1, as follows:
and 1961; $9,000,
1962; $10,000, ber, * County Clerk, will receive
$249,000 in 1949, ,$132,000 in 1950.
1963 and 1964;
$11,000, 1965 sealed bids until noon (Mountain
$136,000 in 1951* $141,000 in 1952,
and 1966; $12,000,
1967; $10,- Standard Time) on Sept. 24 for
$145,000 in 1953, $149,000 in 1954.
000, 1968 to 1970 incl.; $12,000, the purchase of $150,000 not to ex¬
$154,000 in 1955, $159,000 in 1956,
A 1971; $13,000 in 1972, and $14,ceed 4% interest Memorial Hos¬
$163,000 in 1957, $168,000 in 1958,
000 in 1973. Bids for this issue
pital bonds. Dated Oct. 1, 1948. In¬
$173,000 in 1959, $179,000 in 1960,
must
be
rates must be in
Preferred and Common Slock
/
been purchased by Dallas
de¬
at his option
of further lia¬
.
RACING
charge/
Bonds
bonds
the
shall be relieved of further obli¬
in
1957, $43,000 in
$45,000 in 1960,
and accrued
sale
by Nov. 15,
he may be relieved
bility to accept the
upon the good faith
returned
in
bidder
Vernon, Texas
Delivery
available
not
are
of
specify
may
(CST)
stated
Austin.
Bank,
gan,
bonds
without
successful
is expected to be made within 35
livery
1958 and 1959,
$46,000 in 1961
in pro rata with any other obliga¬ and 1962, $48,000 in 1963, $49,000
tions of the State that might be in 1964 and 1965, $51,000 in 1966,
entitled to share therein as pro- $53,000 in 1967, $55,000 in 1968,
vided by Chapter 165, Public Acts $56.0C0 in 1969, $57,000 in 1970,
of Tennessee, 1937..
As further $59,000 in 1971 and 1972, $61,000
in 1973, and $62,000 in 1974. Prin¬
additional security for the $4,500,000 Educational Improvement cipal and interest payable at the
bonds, $3,500,000 Charitable and City Treasurer's office, or at the
National
City ; Bank, New York
Penal Institutions bonds and the
Bidders to name the rate
$2,000,000 University of Tennes¬ City.
or rates of interest in multiples of
see
Improvement bonds there is
Vs of 1%. V No bid having more
also pledged a sufficient amount
than three interest rates will be
of the sinking fund arising from
the
collection \ of
taxes
under accepted. No bid of less than par
r
fees
the foregoing taxes,
ceeds of
?
the
on
The
bonds
TEXAS
'■a
bonds are
and
1937,
entitled to the benefit of the pro-
made
bidder
$37,000 in 1953, $38,000 in 1954 and
Law, being Chap-
at its option refuse to receive bids
days
'
;
100, Public Acts of Tennessee,
ter
re¬
successful bidder at the American ;
a
ture Jan. 1, as follows: $35,000 in
1950
and
1951, $36,000 in 1952,
Franchise Tax
upon
and
Enclose
for 2%
pledged, and as addi¬
are
security, therefor, there is
pledged the annual proceeds
tax of five cents per balloon
forms
award.
the
of
Bid
rate of interest the amount of pre¬
mium
bid
will
determine
the
tional
also
same
than
less
quest will be made availble by
the Secretary and the District may
not
the
general
State
considered.
form.
naming
for
the
and accrued interest nor for
rates cannot be considered. As be¬
bidders
bid
No
CANADA
Cutler, of Chicago, will be
furnished
less than all of the bonds will be
tween
obligations of the
the payment of which
the
of
Tennessee
I
Denomination
for
Improvement
bonds; 3% for the University of
.
TQ59
1952.
bonds;
the Educational
2,000,000 State Tuberculosis Hospital bonds. Due on Oct. 15,
or
Monday, September 20, 1948
will
1952.4
Oct.
'
CHRONICLE
less
on
; ;•
University
2,000,000
•
FINANCIAL
&
Penal
15, 1951.
see
Oct.
COMMERCIAL
S1/V
QUEBEC
SherbrOoke School Commission
*
■}'
(P.O. Sherbrooke),
j
Que.
Bonds Sold—An issue of
$840,
building bonds was purchased
Aug/ 24 by a syndicate comoosed of the Banque Canadienne
Nationale, Savard, Hodgson & Co.*
Societe de Placement, Inc., Wood*
terest J-J.
Denom. $1,000.
Due
Gundy & Co.. the Bank of Mon¬
$15,000 July 1, 1950 to 1959. The treal, all of
Montreal, A. E. Ames
bonds will not be sold for less &
Co., of Toronto, McTaggart,
than par and accrued
will
discount
any
be allowed
or
the bonds.
paid
on
on
nor
Hannaford, Birks & Gordon, and
commission
Geoffrion, Robert & Gelinas, Inc.*
interest,
or
000
both
the sale of
Principal and interest
of
98.72,
Montreal,
payable at the County Treasurer's
3.30%,
office
follows:
Bank
or
of
the
at
New
National
York
City
City. ' The
Dick
&
of
•
Pershing",
:
Dawson, of Denver, will
be furnished.
Enclose
a
m
m
the
on
bonds
$146,000
as
of
divided, as
2%s, due on
the
remaining
$442,500
3V4s, due of Sept. 1, 1963.
certified
m
price
3s, due from Sept. 1, 1954 to 1962,
and ;
Boswbrth,
JPjriptesi che^ for 5% of the bid,
a
Sept. 1, in 1949 to 1953; $251,500 as
printed bonds and the approving
opinion
at
net interest cost of about
a
Sept.
4>
1,
M-S. '■
:;./•■■"
»
,
.
1948.
«
«
Interest
Ji
U.
^4
«.
.4
ir..
as
Dated
payable
6
-J
;*•
—
@FedFRASER